XML 22 R25.htm IDEA: XBRL DOCUMENT v2.4.1.9
Loans and Allowance (Tables)
 3 Months Ended
Mar. 31, 2015
Receivables [Abstract]  
Composition of Loan Portfolio by Loan Class
The following table shows the composition of the Corporation’s loan portfolio by loan class for the periods indicated:
 

March 31, 2015

December 31, 2014
Commercial and industrial loans
$
938,937


$
896,688

Agricultural production financing and other loans to farmers
95,652


104,927

Real estate loans:
 

 
Construction
237,036


207,221

Commercial and farmland
1,646,418


1,672,661

Residential
640,451


647,315

Home Equity
286,914


286,529

Individuals' loans for household and other personal expenditures
70,223


73,400

Lease financing receivables, net of unearned income
853


1,106

Other loans
49,048


35,018

 Loans
$
3,965,532


$
3,924,865

Allowance for loan losses
(62,801
)

(63,964
)
Net Loans
$
3,902,731


$
3,860,901
Changes in Allowance for Loan Losses
The following tables summarize changes in the allowance for loan losses by loan segment for the three months ended March 31, 2015, and March 31, 2014:
 
 
Three Months Ended March 31, 2015
 
Commercial

Commercial
Real Estate

Consumer

Residential

Finance
Leases

Total
Allowance for loan losses:
 

 

 

 

 

 
Balances, January 1
$
28,824


$
19,327


$
2,658


$
13,152


$
3


$
63,964

Provision for losses
1,834


(2,896
)

527


534


1




Recoveries on loans
450


412


78


132




1,072

Loans charged off
(1,101
)

(460
)

(125
)

(549
)



(2,235
)
Balances, March 31, 2015
$
30,007


$
16,383


$
3,138


$
13,269


$
4


$
62,801

 
 
 
 
 
 
 
 
 
 
 
 


Three Months Ended March 31, 2014
 
Commercial

Commercial
Real Estate

Consumer

Residential

Finance
Leases

Total
Allowance for loan losses:
 

 

 

 

 

 
Balances, January 1
$
27,176


$
23,102


$
2,515


$
15,077





$
67,870

Provision for losses
2,387


(1,257
)

(12
)

(1,098
)

$
(20
)



Recoveries on loans
2,050


790


136


604


20


3,600

Loans charged off
(706
)

(277
)

(229
)

(675
)



(1,887
)
Balances, March 31, 2014
$
30,907


$
22,358


$
2,410


$
13,908





$
69,583

 
 
 
 
 
 
 
 
 
 
 
 
Allowance for Credit Losses and Loan Portfolio by Loan Segment
The following tables show the Corporation’s allowance for credit losses and loan portfolio by loan segment as of the periods indicated:
 
 
March 31, 2015
 
Commercial

Commercial
Real Estate

Consumer

Residential

Finance
Leases

Total
Allowance Balances:
 

 

 

 

 

 
Individually evaluated for impairment
$
2,700


$
1,017




$
359


 

$
4,076

Collectively evaluated for impairment
27,307


15,081


$
3,138


12,715


$
4


58,245

Loans Acquired with Deteriorated Credit Quality



285





195




480

Total Allowance for Loan Losses
$
30,007


$
16,383


$
3,138


$
13,269


$
4


$
62,801

Loan Balances:
 

 

 

 

 

 
Individually evaluated for impairment
$
11,432


$
21,668


 

$
4,298


 

$
37,398

Collectively evaluated for impairment
1,063,822


1,806,864


$
70,223


918,527


$
853


3,860,289

Loans Acquired with Deteriorated Credit Quality
8,383


54,922





4,540





67,845

Loans
$
1,083,637


$
1,883,454


$
70,223


$
927,365


$
853


$
3,965,532

 
 
 
December 31, 2014
 
Commercial

Commercial
Real Estate

Consumer

Residential

Finance
Leases

Total
Allowance Balances:
 

 

 

 

 

 
Individually evaluated for impairment
$
1,455


$
470


 

$
194


 

$
2,119

Collectively evaluated for impairment
27,369


18,207


$
2,658


12,958


$
3


61,195

Loans Acquired with Deteriorated Credit Quality



650










650

Total Allowance for Loan Losses
$
28,824


$
19,327


$
2,658


$
13,152


$
3


$
63,964

Loan Balances:
 

 

 

 

 

 
Individually evaluated for impairment
$
16,108


$
23,963


 

$
4,022


 

$
44,093

Collectively evaluated for impairment
1,011,122


1,796,797


$
73,400


925,282


$
1,106


3,807,707

Loans Acquired with Deteriorated Credit Quality
9,403


59,122





4,540





73,065

Loans
$
1,036,633


$
1,879,882


$
73,400


$
933,844


$
1,106


$
3,924,865
Summary of Non-Accrual Loans by Loan class
The following table summarizes the Corporation’s non-accrual loans by loan class as of the periods indicated:
 

March 31, 2015

December 31, 2014
Commercial and industrial loans
$
8,249


$
7,048

Agriculture production financing and other loans to farmers
1,978


5,800

Real estate Loans:
 

 
Construction
1,585


1,439

Commercial and farmland
16,931


19,350

Residential
13,314


12,933

Home Equity
2,141


1,988

Individuals' loans for household and other personal expenditures
123


231

Total
$
44,321


$
48,789
Composition of Impaired Loans by Loan Class
The following tables show the composition of the Corporation’s commercial impaired loans by loan class as of the periods indicated:
 
 
March 31, 2015
 
Unpaid
Principal
Balance

Recorded
Investment

Related
Allowance
Impaired loans with no related allowance:
 

 


Commercial and industrial loans
$
27,308


$
13,460




Agriculture production financing and other loans to farmers
307


302




Real estate Loans:
 

 


Construction
10,811


7,856




Commercial and farmland
88,069


65,281




Residential
9,792


6,273




Home equity
546


474




Other loans
28







Total
$
136,861


$
93,646




Impaired loans with related allowance:
 

 


Commercial and industrial loans
$
4,434


$
4,376


$
2,461

Agriculture production financing and other loans to farmers
3,415


1,676


239

Real estate Loans:
 

 

 
Commercial and farmland
3,171


3,093


1,302

Residential
1,876


1,759


554

Total
$
12,896


$
10,904


$
4,556

Total Impaired Loans
$
149,757


$
104,550


$
4,556



 
December 31, 2014
 
Unpaid
Principal
Balance
 
Recorded
Investment
 
Related
Allowance
Impaired loans with no related allowance:
 
 
 
 
 
Commercial and industrial loans
$
35,514

 
$
18,029

 
 
Agriculture production financing and other loans to farmers
26

 
22

 
 
Real estate Loans:
 
 
 
 
 
Construction
12,956

 
9,318

 
 
Commercial and farmland
95,856

 
68,187

 
 
Residential
10,591

 
6,839

 
 
Home equity
3,590

 
398

 
 
Other loans
30

 


 
 
Total
$
158,563

 
$
102,793

 
 
Impaired loans with related allowance:
 
 
 
 
 
Commercial and industrial loans
$
1,766

 
$
1,684

 
$
1,055

Agriculture production financing and other loans to farmers
6,777


5,777


400

Real estate Loans:
 
 
 
 
 
Commercial and farmland
7,159

 
4,971

 
1,120

Residential
1,001

 
998

 
194

Total
$
16,703

 
$
13,430

 
$
2,769

Total Impaired Loans
$
175,266

 
$
116,223

 
$
2,769











 
Three Months Ended March 31, 2015
 
Average
Recorded Investment

Interest
Income Recognized
Impaired loans with no related allowance:
 

 
Commercial and industrial loans
$
16,150


$
139

Agriculture production financing and other loans to farmers
303



Real estate Loans:
 

 
Construction
8,542


104

Commercial and farmland
69,036


878

Residential
8,528


48

Home equity
533


3

Total
$
103,092


$
1,172

Impaired loans with related allowance:
 

 
Commercial and industrial loans
$
4,379


$
10

Agriculture production financing and other loans to farmers
3,991



Real estate Loans:
 

 
Commercial and farmland
3,113



Residential
1,761



Total
$
13,244


$
10

Total Impaired Loans
$
116,336


$
1,182



 
Three Months Ended March 31, 2014
 
Average
Recorded Investment

Interest
Income Recognized
Impaired loans with no related allowance:
 

 
Commercial and industrial loans
$
16,377


$
21

Agriculture production financing and other loans to farmers
29



Real estate Loans:



Construction
10,440


28

Commercial and farmland
81,617


243

Residential
4,146


8

Home equity
144




Other loans
6



Total
$
112,759


$
300

Impaired loans with related allowance:



Commercial and industrial loans
$
1,752


$
3

Real estate Loans:



Commercial and farmland
4,398


1

Total
$
6,150


$
4

Total Impaired Loans
$
118,909


$
304
Credit Quality of Loan Portfolio by Loan Class
The following tables summarize the credit quality of the Corporation’s loan portfolio, by loan class for the periods indicated.  Consumer non-performing loans include accruing consumer loans 90 plus days delinquent and consumer non-accrual loans.  The entire balance of a loan is considered delinquent if the minimum payment contractually required to be made is not received by the specified date. Loans that evidenced deterioration of credit quality since origination and it was probable, at acquisition, that all contractually required payments would not be collected are included in the applicable categories below.
 
 
March 31, 2015
 
Commercial
Pass

Commercial
Special
Mention

Commercial Substandard

Commercial
Doubtful

Commercial Loss

Consumer Performing

Consumer
Non-Performing

Total
Commercial and industrial loans
$
867,157


$
28,888


$
41,023


$
1,869




 

 

$
938,937

Agriculture production financing and other loans to farmers
89,454


2,469


3,729


 



 

 

95,652

Real estate Loans:
 

 

 

 



 

 

 
Construction
217,161


2,359


2,493


 



$
14,582


$
441


237,036

Commercial and farmland
1,521,989


48,219


76,208







 

2


1,646,418

Residential
149,021


4,232


10,845







466,806


9,547


640,451

Home equity
6,478


18


585


 



277,578


2,255


286,914

Individuals' loans for household and other personal expenditures
 

 

 

 



70,082


141


70,223

Lease financing receivables, net of unearned income
748


 

105


 









853

Other loans
49,048







 



 

 

49,048

Loans
$
2,901,056


$
86,185


$
134,988


$
1,869




$
829,048


$
12,386


$
3,965,532


 
 
December 31, 2014
 
Commercial
Pass

Commercial
Special
Mention

Commercial Substandard

Commercial
Doubtful

Commercial Loss

Consumer Performing

Consumer
Non-Performing

Total
Commercial and industrial loans
$
823,732


$
24,455


$
48,226


$
275




 

 

$
896,688

Agriculture production financing and other loans to farmers
96,155


1,195


7,577


 



 

 

104,927

Real estate Loans:


 



 



 

 

 
Construction
185,394


3,164


2,928


 



$
15,588


$
147


207,221

Commercial and farmland
1,552,781


29,484


90,161







 


235


1,672,661

Residential
149,430


6,321


10,918







470,972


9,674


647,315

Home equity
6,368


12


690


 



277,571


1,888


286,529

Individuals' loans for household and other personal expenditures
 

 

 

 



73,165


235


73,400

Lease financing receivables, net of unearned income
998


 

108


 








1,106

Other loans
35,018








 




 

 

35,018

Loans
$
2,849,876


$
64,631


$
160,608


$
275




$
837,296


$
12,179


$
3,924,865
Past Due Aging of Loan Portfolio by Loan Class
The following table shows a past due aging of the Corporation’s loan portfolio, by loan class as of March 31, 2015, and December 31, 2014:

 
March 31, 2015
 
Current

30-59 Days
Past Due

60-89 Days
Past Due

Loans > 90 Days
And Accruing

Non-Accrual

Total Past Due
& Non-Accrual

Total
Commercial and industrial loans
$
927,244


$
2,057


$
1,166


$
221


$
8,249


$
11,693


$
938,937

Agriculture production financing and other loans to farmers
93,349


325








1,978


2,303


95,652

Real estate Loans:
 

 

 

 

 

 

 
Construction
235,077


138




236


1,585


1,959


237,036

Commercial and farmland
1,623,656


5,261


305


265


16,931


22,762


1,646,418

Residential
623,394


2,446


761


536


13,314


17,057


640,451

Home equity
282,344


1,734


316


379


2,141


4,570


286,914

Individuals' loans for household and other personal expenditures
69,829


173


80


18


123


394


70,223

Lease financing receivables, net of unearned income
675


178


 






178


853

Other loans
49,048




 

 







49,048

Loans
$
3,904,616


$
12,312


$
2,628


$
1,655


$
44,321


$
60,916


$
3,965,532



 
December 31, 2014
 
Current

30-59 Days
Past Due

60-89 Days
Past Due

Loans > 90 Days
And Accruing

Non-Accrual

Total Past Due
& Non-Accrual

Total
Commercial and industrial loans
$
882,596


$
4,006


$
53


$
2,985


$
7,048


$
14,092


$
896,688

Agriculture production financing and other loans to farmers
98,236


891






5,800


6,691


104,927

Real estate Loans:
 

 

 

 

 

 

 
Construction
204,683


1,017


82


 


1,439


2,538


207,221

Commercial and farmland
1,642,016


9,846


778


671


19,350


30,645


1,672,661

Residential
626,821


4,876


1,831


854


12,933


20,494


647,315

Home equity
282,828


1,213


352


148


1,988


3,701


286,529

Individuals' loans for household and other personal expenditures
72,853


258


53


5


231


547


73,400

Lease financing receivables, net of unearned income
1,106


 

 

 





1,106

Other loans
35,018


 

 

 







35,018

Loans
$
3,846,157


$
22,107


$
3,149


$
4,663


$
48,789


$
78,708


$
3,924,865
Summary of Troubled Debt Restructurings
The following tables summarize troubled debt restructurings in the Corporation's loan portfolio that occurred during the periods indicated:
 

Three Months Ended March 31, 2015

Pre-Modification
Recorded
Balance

Post-Modification
Recorded
Balance

Number
of
Loans
Commercial and industrial loans
$
2,362


$
1,361


4

Real estate Loans:
 

 

 
Construction
79


80


1

Commercial and farmland



1,743


1

Residential
24


24


1

Total
$
2,465


$
3,208


7


 

Three Months Ended March 31, 2014

Pre-Modification
Recorded
Balance

Post-Modification
Recorded
Balance

Number
of
Loans
Real estate Loans:


 

 
Residential
$
131


$
134


3

Individuals' loans for household and other personal expenditures
15


15


1

Total
$
146


$
149


4




The following tables show the recorded investment of troubled debt restructurings, by modification type, that occurred during the periods indicated:
 

Three Months Ended March 31, 2015

Term
Modification

Rate
Modification

Combination

Total
Modification
Commercial and industrial loans
$
253




$
1,079


$
1,332

Real estate Loans:
 

 

 

 
Construction
2


 




2

Commercial and farmland
1,548








1,548

Residential


$
26





26

Total
$
1,803


$
26


$
1,079


$
2,908


 
 
 
 
 
 
 
 

Three Months Ended March 31, 2014

Term
Modification

Rate
Modification

Combination

Total
Modification
Real estate Loans:
 

 

 

 
Residential


$
134





$
134

Individuals loans for household and other personal expenditures
 




$
15


15

Total


$
134


$
15


$
149


 
 
 
 
 
 
 
 

Loans secured by commercial and farm real estate made up 54 percent of the post-modification balance of troubled debt restructured loans made in the three months ended March 31, 2015.


The following tables summarize the troubled debt restructures that occurred during the three months ended March 31, 2015 and March 31, 2014, that subsequently defaulted during the period indicated and remained in default at period end. For purposes of this schedule, a loan is considered in default if it is 30 or more days past due.


Three Months Ended March 31, 2015

Number of
Loans

Recorded
Balance
Real estate Loans:
 

 
Home Equity
1

 
$
6

Total
1


$
6



Three Months Ended March 31, 2014

Number of
Loans

Recorded
Balance
Commercial and industrial loans
1

$
146

Real estate Loans:
 

 
Residential
1

57

Total
2

$
203