XML 42 R28.htm IDEA: XBRL DOCUMENT v3.3.0.814
Loans and Allowance (Tables)
 9 Months Ended
Sep. 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:
 

September 30, 2015

December 31, 2014
Commercial and industrial loans
$
999,195


$
896,688

Agricultural production financing and other loans to farmers
91,354


104,927

Real estate loans:
 

 
Construction
298,250


207,221

Commercial and farmland
1,695,703


1,672,661

Residential
677,767


647,315

Home Equity
318,949


286,529

Individuals' loans for household and other personal expenditures
71,893


73,400

Lease financing receivables, net of unearned income
614


1,106

Other commercial loans
167,990


35,018

 Loans
$
4,321,715


$
3,924,865

Allowance for loan losses
(62,861
)

(63,964
)
Net Loans
$
4,258,854


$
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 nine months ended September 30, 2015, and September 30, 2014:
 
 
Three Months Ended September 30, 2015
 
Commercial

Commercial
Real Estate

Consumer

Residential

Finance
Leases

Total
Allowance for loan losses:
 

 

 

 

 

 
Balances, July 1
$
31,479


$
15,828


$
2,927


$
12,311


$
5


$
62,550

Provision for losses
3,202


(2,966
)

(102
)

(132
)

(2
)



Recoveries on loans
281


1,510


67


513




2,371

Loans charged off
(1,026
)

(386
)

(169
)

(479
)



(2,060
)
Balances, September 30, 2015
$
33,936


$
13,986


$
2,723


$
12,213


$
3


$
62,861



 
Nine Months Ended September 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
6,226


(6,364
)

225


330




417

Recoveries on loans
1,168


2,069


246


1,392




4,875

Loans charged off
(2,282
)

(1,046
)

(406
)

(2,661
)



(6,395
)
Balances, September 30, 2015
$
33,936


$
13,986


$
2,723


$
12,213


$
3


$
62,861




Three Months Ended September 30, 2014
 
Commercial

Commercial
Real Estate

Consumer

Residential

Finance
Leases

Total
Allowance for loan losses:
 

 

 

 

 

 
Balances, July 1
$
28,614


$
22,582


$
2,243


$
14,928





$
68,367

Provision for losses
1,385


528


113


(424
)

$
(2
)

1,600

Recoveries on loans
1,987


1,215


86


431


3


3,722

Loans charged off
(4,444
)

(2,707
)

(214
)

(728
)



(8,093
)
Balances, September 30, 2014
$
27,542


$
21,618


$
2,228


$
14,207


$
1


$
65,596



 
Nine Months Ended September 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
1,736


(177
)

(39
)

100


$
(20
)

1,600

Recoveries on loans
4,485


2,356


303


1,360


23


8,527

Loans charged off
(5,855
)

(3,663
)

(551
)

(2,330
)

(2
)

(12,401
)
Balances, September 30, 2014
$
27,542


$
21,618


$
2,228


$
14,207


$
1


$
65,596
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:
 
 
September 30, 2015
 
Commercial

Commercial
Real Estate

Consumer

Residential

Finance
Leases

Total
Allowance Balances:
 

 

 

 

 

 
Individually evaluated for impairment
$
1,268


$
304




$
73


 

$
1,645

Collectively evaluated for impairment
32,668


13,480


$
2,723


12,031


$
3


60,905

Loans Acquired with Deteriorated Credit Quality



202





109




311

Total Allowance for Loan Losses
$
33,936


$
13,986


$
2,723


$
12,213


$
3


$
62,861

Loan Balances:
 

 

 

 

 

 
Individually evaluated for impairment
$
8,192


$
19,466


 

$
4,867


 

$
32,525

Collectively evaluated for impairment
1,243,032


1,924,902


$
71,893


986,759


$
614


4,227,200

Loans Acquired with Deteriorated Credit Quality
7,315


49,585





5,090





61,990

Loans
$
1,258,539


$
1,993,953


$
71,893


$
996,716


$
614


$
4,321,715

 
 
 
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:
 

September 30, 2015

December 31, 2014
Commercial and industrial loans
$
4,460


$
7,048

Agriculture production financing and other loans to farmers
1,210


5,800

Real estate Loans:
 

 
Construction
745


1,439

Commercial and farmland
13,506


19,350

Residential
10,749


12,933

Home Equity
1,783


1,988

Individuals' loans for household and other personal expenditures
144


231

Total
$
32,597


$
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:
 
 
September 30, 2015
 
Unpaid
Principal
Balance

Recorded
Investment

Related
Allowance
Impaired loans with no related allowance:
 

 


Commercial and industrial loans
$
22,117


$
11,580




Agriculture production financing and other loans to farmers
669


663




Real estate Loans:
 

 


Construction
5,559


2,708




Commercial and farmland
85,001


63,620




Residential
12,737


8,795




Home equity
250


194




Other commercial loans
23







Total
$
126,356


$
87,560




Impaired loans with related allowance:
 

 


Commercial and industrial loans
$
3,058


$
2,716


$
1,234

Agriculture production financing and other loans to farmers
547


547


34

Real estate Loans:
 

 

 
Commercial and farmland
2,707


2,441


506

Residential
721


622


182

Total
$
7,033


$
6,326


$
1,956

Total Impaired Loans
$
133,389


$
93,886


$
1,956



 
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 September 30, 2015

Nine Months Ended September 30, 2015
 
Average
Recorded Investment

Interest
Income Recognized

Average
Recorded Investment

Interest
Income Recognized
Impaired loans with no related allowance:
 

 

 

 
Commercial and industrial loans
$
11,863


$
137


$
12,676


$
368

Agriculture production financing and other loans to farmers
675




699



Real estate Loans:
 

 




Construction
2,855


41


3,407


123

Commercial and farmland
64,186


932


65,310


2,661

Residential
9,028


47


9,272


177

Home equity
194





197



Total
$
88,801


$
1,157


$
91,561


$
3,329

Impaired loans with related allowance:
 

 

 

 
Commercial and industrial loans
$
2,731


$
10


$
2,774


$
29

Agriculture production financing and other loans to farmers
547




547



Real estate Loans:
 

 




Commercial and farmland
2,459




2,613



Residential
625




626



Total
$
6,362


$
10


$
6,560


$
29

Total Impaired Loans
$
95,163


$
1,167


$
98,121


$
3,358



 
Three Months Ended September 30, 2014

Nine Months Ended September 30, 2014
 
Average
Recorded Investment

Interest
Income Recognized

Average
Recorded Investment

Interest
Income Recognized
Impaired loans with no related allowance:
 

 

 

 
Commercial and industrial loans
$
13,406


$
86


$
13,820


$
263

Agriculture production financing and other loans to farmers
25




27



Real estate Loans:







Construction
8,026


112


8,197


331

Commercial and farmland
61,356


895


62,367


2,663

Residential
3,018


40


3,164


93

Home equity
118





147




Total
$
85,949


$
1,133


$
87,722


$
3,350

Impaired loans with related allowance:







Commercial and industrial loans
$
1,814


$
10


$
1,864


$
30

Agriculture production financing and other loans to farmers
10,645




10,645



Real estate Loans:







Commercial and farmland
4,484





4,528


23

Residential
1,460




1,460




Total
$
18,403


$
10


$
18,497


$
53

Total Impaired Loans
$
104,352


$
1,143


$
106,219


$
3,403
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.
 
 
September 30, 2015
 
Commercial
Pass

Commercial
Special
Mention

Commercial Substandard

Commercial
Doubtful

Commercial Loss

Consumer Performing

Consumer
Non-Performing

Total
Commercial and industrial loans
$
927,042


$
30,679


$
41,444




$
30


 

 

$
999,195

Agriculture production financing and other loans to farmers
73,793


4,750


12,811


 



 

 

91,354

Real estate Loans:
 

 

 

 



 

 

 
Construction
280,673


1,151


1,230






$
15,114


$
82


298,250

Commercial and farmland
1,588,797


40,199


66,705






 

2


1,695,703

Residential
168,287


2,265


11,325







490,657


5,233


677,767

Home equity
7,195


16


484


 




309,403


1,851


318,949

Individuals' loans for household and other personal expenditures
 

 

 

 




71,691


202


71,893

Lease financing receivables, net of unearned income
520


 

94


 










614

Other commercial loans
167,990







 



 

 

167,990

Loans
$
3,214,297


$
79,060


$
134,093




$
30


$
886,865


$
7,370


$
4,321,715


 
 
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 September 30, 2015, and December 31, 2014:

 
September 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
$
992,529


$
1,106


$
1,035


$
65


$
4,460


$
6,666


$
999,195

Agriculture production financing and other loans to farmers
86,997


2,647


500





1,210


4,357


91,354

Real estate Loans:


 

 

 

 

 

 
Construction
296,978


504


23




745


1,272


298,250

Commercial and farmland
1,673,750


5,935


1,426


1,086


13,506


21,953


1,695,703

Residential
661,884


3,128


1,531


475


10,749


15,883


677,767

Home equity
315,250


793


861


262


1,783


3,699


318,949

Individuals' loans for household and other personal expenditures
71,375


284


31


59


144


518


71,893

Lease financing receivables, net of unearned income
614




 









614

Other commercial loans
167,990




 

 







167,990

Loans
$
4,267,367


$
14,397


$
5,407


$
1,947


$
32,597


$
54,348


$
4,321,715



 
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 summarize troubled debt restructurings in the Corporation's loan portfolio that occurred during the periods indicated:


Three Months Ended September 30, 2015

Nine Months Ended September 30, 2015

Pre-Modification
Recorded
Balance

Post-Modification
Recorded
Balance

Number
of
Loans

Pre-Modification
Recorded
Balance

Post-Modification
Recorded
Balance

Number
of
Loans
Commercial and industrial loans
$
363


$
218


2


$
4,111


$
2,115


7

Real estate Loans:
 

 

 

 

 

 
Construction









79


80


1

Commercial and farmland
744


744


1


1,281


3,025


3

Residential
11


13


1


55


908


4

Home Equity
239


242


1


239


242


1

Total
$
1,357


$
1,217


5


$
5,765


$
6,370


16


 

Three Months Ended September 30, 2014

Nine Months Ended September 30, 2014

Pre-Modification
Recorded
Balance

Post-Modification
Recorded
Balance

Number
of
Loans

Pre-Modification
Recorded
Balance

Post-Modification
Recorded
Balance

Number
of
Loans
Real estate Loans:


 

 

 

 

 
Commercial and farmland









$
259


$
259


1

Residential
$
256


$
245


5


448


428


7

Home Equity
229


247


7


314


343


10

Individuals' loans for household and other personal expenditures






26


26


2

Total
$
485


$
492


12


$
1,047


$
1,056


20




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

Three Months Ended September 30, 2015

Term
Modification

Rate
Modification

Combination

Total
Modification
Commercial and industrial loans
$
138




$
75


$
213

Real estate Loans:
 

 

 

 
Commercial and farmland





744


744

Residential


$
13





13

           Home Equity


242





242

Total
$
138


$
255


$
819


$
1,212




Nine Months Ended September 30, 2015

Term
Modification

Rate
Modification

Combination

Total
Modification
Commercial and industrial loans
$
806




$
1,080


$
1,886

Real estate Loans:
 

 

 

 
Commercial and farmland
1,337





1,004


2,341

Residential
850


$
59





909

           Home Equity
 
 
242

 


 
242

Total
$
2,993


$
301


$
2,084


$
5,378




Three Months Ended September 30, 2014

Term
Modification

Rate
Modification

Combination

Total
Modification
Real estate Loans:
 

 

 


Residential




$
241


$
241

Home Equity




245


245

Total




$
486


$
486





Nine Months Ended September 30, 2014

Term
Modification

Rate
Modification

Combination

Total
Modification
Real estate Loans:
 

 

 

 
Commercial and farmland
$
283








$
283

Residential



$
60


$
361


421

Home Equity



95


245


340

Individuals' loans for household and other personal expenditures
 




24


24

Total
$
283


$
155


$
630


$
1,068
Troubled debt restructurings that subsequently defaulted
The following tables show troubled debt restructures that occurred during the twelve months ended September 30, 2015 and September 30, 2014, that subsequently defaulted during the period indicated and remained in default at period end. For purposes of this discussion, a loan is considered in default if it is 30 or more days past due.


Three Months Ended September 30, 2015

Nine Months Ended September 30, 2015

Number of
Loans

Recorded
Balance

Number of
Loans

Recorded
Balance
Real estate Loans:
 

 

 

 
Residential
1


$
21


1


$
21

Total
1


$
21


1


$
21




Three Months Ended September 30, 2014

Nine Months Ended September 30, 2014

Number of
Loans

Recorded
Balance

Number of
Loans

Recorded
Balance
Real estate Loans:
 

 

 


 
Residential
1

$
71


1


$
71

Total
1

$
71


1


$
71