XML 41 R29.htm IDEA: XBRL DOCUMENT v3.2.0.727
Loans and Allowance (Tables)
 6 Months Ended
Jun. 30, 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:
 

June 30, 2015

December 31, 2014
Commercial and industrial loans
$
984,223


$
896,688

Agricultural production financing and other loans to farmers
93,695


104,927

Real estate loans:
 

 
Construction
256,082


207,221

Commercial and farmland
1,705,647


1,672,661

Residential
689,621


647,315

Home Equity
302,403


286,529

Individuals' loans for household and other personal expenditures
62,785


73,400

Lease financing receivables, net of unearned income
742


1,106

Other commercial loans
143,007


35,018

 Loans
$
4,238,205


$
3,924,865

Allowance for loan losses
(62,550
)

(63,964
)
Net Loans
$
4,175,655


$
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 and six months ended June 30, 2015, and June 30, 2014:
 
 
Three Months Ended June 30, 2015
 
Commercial

Commercial
Real Estate

Consumer

Residential

Finance
Leases

Total
Allowance for loan losses:
 

 

 

 

 

 
Balances, April 1,
$
30,007


$
16,383


$
3,138


$
13,269


$
4


$
62,801

Provision for losses
1,190


(502
)

(200
)

(72
)

1


417

Recoveries on loans
437


147


101


747




1,432

Loans charged off
(155
)

(200
)

(112
)

(1,633
)



(2,100
)
Balances, June 30, 2015
$
31,479


$
15,828


$
2,927


$
12,311


$
5


$
62,550



 
Six Months Ended June 30, 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
3,024


(3,398
)

327


462


2


417

Recoveries on loans
887


559


179


879




2,504

Loans charged off
(1,256
)

(660
)

(237
)

(2,182
)



(4,335
)
Balances, June 30, 2015
$
31,479


$
15,828


$
2,927


$
12,311


$
5


$
62,550




Three Months Ended June 30, 2014
 
Commercial

Commercial
Real Estate

Consumer

Residential

Finance
Leases

Total
Allowance for loan losses:
 

 

 

 

 

 
Balances, April 1
$
30,907


$
22,358


$
2,410


$
13,908





$
69,583

Provision for losses
(2,036
)

552


(140
)

1,622


$
2


—

Recoveries on loans
448


351


81


325





1,205

Loans charged off
(705
)

(679
)

(108
)

(927
)

(2
)

(2,421
)
Balances, June 30, 2014
$
28,614


$
22,582


$
2,243


$
14,928





$
68,367



 
Six Months Ended June 30, 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
351


(705
)

(152
)

524


$
(18
)

—

Recoveries on loans
2,498


1,141


217


929


20


4,805

Loans charged off
(1,411
)

(956
)

(337
)

(1,602
)

(2
)

(4,308
)
Balances, June 30, 2014
$
28,614


$
22,582


$
2,243


$
14,928





$
68,367
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:
 
 
June 30, 2015
 
Commercial

Commercial
Real Estate

Consumer

Residential

Finance
Leases

Total
Allowance Balances:
 

 

 

 

 

 
Individually evaluated for impairment
$
2,058


$
328




$
349


 

$
2,735

Collectively evaluated for impairment
29,421


15,340


$
2,927


11,769


$
5


59,462

Loans Acquired with Deteriorated Credit Quality



160





193




353

Total Allowance for Loan Losses
$
31,479


$
15,828


$
2,927


$
12,311


$
5


$
62,550

Loan Balances:
 

 

 

 

 

 
Individually evaluated for impairment
$
8,077


$
21,945


 

$
5,012


 

$
35,034

Collectively evaluated for impairment
1,205,104


1,885,287


$
62,785


981,667


$
742


4,135,585

Loans Acquired with Deteriorated Credit Quality
7,743


54,498





5,345





67,586

Loans
$
1,220,924


$
1,961,730


$
62,785


$
992,024


$
742


$
4,238,205

 
 
 
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:
 

June 30, 2015

December 31, 2014
Commercial and industrial loans
$
5,510


$
7,048

Agriculture production financing and other loans to farmers
1,298


5,800

Real estate Loans:
 

 
Construction
1,493


1,439

Commercial and farmland
16,964


19,350

Residential
10,515


12,933

Home Equity
1,874


1,988

Individuals' loans for household and other personal expenditures
59


231

Total
$
37,713


$
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:
 
 
June 30, 2015
 
Unpaid
Principal
Balance

Recorded
Investment

Related
Allowance
Impaired loans with no related allowance:
 

 


Commercial and industrial loans
$
22,029


$
11,311




Agriculture production financing and other loans to farmers
1,313


1,308




Real estate Loans:
 

 


Construction
10,805


7,311




Commercial and farmland
91,071


66,184




Residential
10,930


7,076




Home equity
263


206




Other commercial loans
25







Total
$
136,436


$
93,396




Impaired loans with related allowance:
 

 


Commercial and industrial loans
$
3,496


$
3,201


$
2,058

Real estate Loans:
 

 

 
Commercial and farmland
2,723


2,602


488

Residential
2,725


2,598


542

Total
$
8,944


$
8,401


$
3,088

Total Impaired Loans
$
145,380


$
101,797


$
3,088



 
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 commercial 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 June 30, 2015

Six Months Ended June 30, 2015
 
Average
Recorded Investment

Interest
Income Recognized

Average
Recorded Investment

Interest
Income Recognized
Impaired loans with no related allowance:
 

 

 

 
Commercial and industrial loans
$
12,154


$
111


$
12,942


$
200

Agriculture production financing and other loans to farmers
1,325




1,343



Real estate Loans:
 

 




Construction
7,648


95


7,898


191

Commercial and farmland
66,625


894


66,957


1,765

Residential
7,114


57


7,150


107

Home equity
208





208



Total
$
95,074


$
1,157


$
96,498


$
2,263

Impaired loans with related allowance:
 

 

 

 
Commercial and industrial loans
$
3,204


$
10


$
3,214


$
19

Real estate Loans:
 

 




Commercial and farmland
2,622




2,727



Residential
2,600




2,603



Total
$
8,426


$
10


$
8,544


$
19

Total Impaired Loans
$
103,500


$
1,167


$
105,042


$
2,282



 
Three Months Ended June 30, 2014

Six Months Ended June 30, 2014
 
Average
Recorded Investment

Interest
Income Recognized

Average
Recorded Investment

Interest
Income Recognized
Impaired loans with no related allowance:
 

 

 

 
Commercial and industrial loans
$
12,060


$
84


$
12,872


$
185

Agriculture production financing and other loans to farmers
27




28



Real estate Loans:







Construction
10,331


114


10,412


227

Commercial and farmland
77,716


970


78,288


1,956

Residential
4,017


31


4,212


57

Home equity
198





199




Total
$
104,349


$
1,199


$
106,011


$
2,425

Impaired loans with related allowance:







Commercial and industrial loans
$
3,575


$
10


$
3,590


$
20

Real estate Loans:







Commercial and farmland
5,137


5


5,204


10

Total
$
8,712


$
15


$
8,794


$
30

Total Impaired Loans
$
113,061


$
1,214


$
114,805


$
2,455
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.
 
 
June 30, 2015
 
Commercial
Pass

Commercial
Special
Mention

Commercial Substandard

Commercial
Doubtful

Commercial Loss

Consumer Performing

Consumer
Non-Performing

Total
Commercial and industrial loans
$
913,859


$
24,180


$
46,184







 

 

$
984,223

Agriculture production financing and other loans to farmers
84,781


3,002


5,912


 



 

 

93,695

Real estate Loans:
 

 

 

 



 

 

 
Construction
237,568


1,611


1,268


$
565




$
14,967


$
103


256,082

Commercial and farmland
1,586,935


43,895


74,815







 

2


1,705,647

Residential
173,714


2,698


12,417







495,678


5,114


689,621

Home equity
7,088


66


472


 



293,071


1,706


302,403

Individuals' loans for household and other personal expenditures
 

 

 

 



62,666


119


62,785

Lease financing receivables, net of unearned income
643


 

99


 









742

Other commercial loans
143,007







 



 

 

143,007

Loans
$
3,147,595


$
75,452


$
141,167


$
565




$
866,382


$
7,044


$
4,238,205


 
 
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 commercial 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 June 30, 2015, and December 31, 2014:

 
June 30, 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
$
971,571


$
1,679


$
5,463





$
5,510


$
12,652


$
984,223

Agriculture production financing and other loans to farmers
92,302


34


50


$
11


1,298


1,393


93,695

Real estate Loans:
 

 

 

 

 

 

 
Construction
253,330


1,069


190




1,493


2,752


256,082

Commercial and farmland
1,685,194


3,090


17


382


16,964


20,453


1,705,647

Residential
672,593


5,470


937


106


10,515


17,028


689,621

Home equity
298,161


1,666


628


74


1,874


4,242


302,403

Individuals' loans for household and other personal expenditures
62,288


300


79


59


59


497


62,785

Lease financing receivables, net of unearned income
742




 









742

Other commercial loans
143,007




 

 







143,007

Loans
$
4,179,188


$
13,308


$
7,364


$
632


$
37,713


$
59,017


$
4,238,205



 
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 commercial loans
35,018


 

 

 







35,018

Loans
$
3,846,157


$
22,107


$
3,149


$
4,663


$
48,789


$
78,708


$
3,924,865
Schedules of Troubled Debt Restructurings
The following tables show the recorded investment of troubled debt restructurings, by modification type, that occurred during the periods indicated:
 

Three Months Ended June 30, 2015

Term
Modification

Rate
Modification

Combination

Total
Modification
Commercial and industrial loans
$
492







$
492

Real estate Loans:
 

 

 

 
Commercial and farmland





$
240


240

Residential
850


$
21





871

Total
$
1,342


$
21


$
240


$
1,603




Six Months Ended June 30, 2015

Term
Modification

Rate
Modification

Combination

Total
Modification
Commercial and industrial loans
$
1,234




$
1,030


$
2,264

Real estate Loans:
 

 

 

 
Construction
199


 




199

Commercial and farmland
1,442





240


1,682

Residential
850


$
47





897

Total
$
3,725


$
47


$
1,270


$
5,042




Three Months Ended June 30, 2014

Term
Modification

Rate
Modification

Combination

Total
Modification
Real estate Loans:
 

 

 


Commercial and farmland
$
272








$
272

Residential
95





$
122


217

Home Equity



$
23





23

Individuals loans for household and other personal expenditures
 




11


11

Total
$
367


$
23


$
133


$
523





Six Months Ended June 30, 2014

Term
Modification

Rate
Modification

Combination

Total
Modification
Real estate Loans:
 

 

 

 
Commercial and farmland
$
272








$
272

Residential
95


$
60


$
122


277

Home Equity



94





94

Individuals' loans for household and other personal expenditures
 




25


25

Total
$
367


$
154


$
147


$
668