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Loans and Allowance (Tables)
 3 Months Ended
Mar. 31, 2016
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, 2016

December 31, 2015
Commercial and industrial loans
$
1,060,559


$
1,057,075

Agricultural production financing and other loans to farmers
92,137


97,711

Real estate loans:
 

 
Construction
391,621


366,704

Commercial and farmland
1,806,395


1,802,921

Residential
769,592


786,105

Home Equity
353,946


348,613

Individuals' loans for household and other personal expenditures
73,622


74,717

Lease financing receivables, net of unearned income
461


588

Other commercial loans
161,574


159,388

  Loans
$
4,709,907


$
4,693,822

Allowance for loan losses
(62,086
)

(62,453
)
             Net Loans
$
4,647,821


$
4,631,369
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, 2016, and March 31, 2015:
 
Three Months Ended March 31, 2016
 
Commercial

Commercial
Real Estate

Consumer

Residential

Finance
Leases

Total
Allowance for loan losses:
 

 

 

 

 

 
Balances, January 1
$
26,478


$
22,145


$
2,689


$
11,139


$
2


$
62,453

Provision for losses
139


214


33


164




550

Recoveries on loans
292


952


78


312




1,634

Loans charged off
(645
)

(994
)

(153
)

(759
)



(2,551
)
Balances, March 31, 2016
$
26,264


$
22,317


$
2,647


$
10,856


$
2


$
62,086

 
 
 
 
 
 
 
 
 
 
 
 

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

 
 
 
 
 
 
 
 
 
 
 
 
Allowance for credit losses and loan portfolio by loan segment
The following tables show the Corporation’s allowance for loan losses and loan portfolio by segment as of the periods indicated:
 
March 31, 2016
 
Commercial

Commercial
Real Estate

Consumer

Residential

Finance
Leases

Total
Allowance Balances:
 

 

 

 

 

 
Individually evaluated for impairment
$
967


$
192




$
59




$
1,218

Collectively evaluated for impairment
25,229


22,075


$
2,647


10,760


$
2


60,713

Loans Acquired with Deteriorated Credit Quality
68


50





37




155

Total Allowance for Loan Losses
$
26,264


$
22,317


$
2,647


$
10,856


$
2


$
62,086

Loan Balances:
 

 

 

 

 

 
Individually evaluated for impairment
$
7,899


$
22,411




$
4,136




$
34,446

Collectively evaluated for impairment
1,299,488


2,127,038


$
73,622


1,114,759


$
461


4,615,368

Loans Acquired with Deteriorated Credit Quality
6,883


48,567





4,643





60,093

Loans
$
1,314,270


$
2,198,016


$
73,622


$
1,123,538


$
461


$
4,709,907













 
December 31, 2015
 
Commercial

Commercial
Real Estate

Consumer

Residential

Finance
Leases

Total
Allowance Balances:
 

 

 

 

 

 
Individually evaluated for impairment
$
1,277


$
243




$
169




$
1,689

Collectively evaluated for impairment
25,201


21,753


$
2,689


10,966


$
2


60,611

Loans Acquired with Deteriorated Credit Quality



149





$
4




153

Total Allowance for Loan Losses
$
26,478


$
22,145


$
2,689


$
11,139


$
2


$
62,453

Loan Balances:
 

 

 

 

 

 
Individually evaluated for impairment
$
7,877


$
16,670




$
4,020




$
28,567

Collectively evaluated for impairment
1,298,988


2,096,089


$
74,717


1,125,316


$
588


4,595,698

Loans Acquired with Deteriorated Credit Quality
7,309


56,866





5,382





69,557

Loans
$
1,314,174


$
2,169,625


$
74,717


$
1,134,718


$
588


$
4,693,822
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, 2016

December 31, 2015
Commercial and industrial loans
$
3,694


$
4,634

Agriculture production financing and other loans to farmers
1,535


827

Real estate Loans:
 

 
Construction
731


736

Commercial and farmland
16,440


11,277

Residential
11,674


11,818

Home Equity
2,449


1,952

Individuals' loans for household and other personal expenditures
196


145

Total
$
36,719


$
31,389
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, 2016
 
Unpaid
Principal
Balance

Recorded
Investment

Related
Allowance
Impaired loans with no related allowance:
 

 


Commercial and industrial loans
$
21,751


$
11,559




Agriculture production financing and other loans to farmers
724


716




Real estate Loans:
 

 


Construction
8,482


4,300




Commercial and farmland
88,293


64,710




Residential
11,991


7,317




Home equity
296


225




Other commercial loans
18







Total
$
131,555


$
88,827




Impaired loans with related allowance:
 

 


Commercial and industrial loans
$
1,610


$
1,357


$
620

Agriculture production financing and other loans to farmers
1,150


1,150


415

Real estate Loans:
 

 

 
Commercial and farmland
1,907


1,738


242

Residential
946


877


96

Total
$
5,613


$
5,122


$
1,373

Total Impaired Loans
$
137,168


$
93,949


$
1,373








 
December 31, 2015
 
Unpaid
Principal
Balance
 
Recorded
Investment
 
Related
Allowance
Impaired loans with no related allowance:
 
 
 
 
 
Commercial and industrial loans
$
22,151

 
$
11,669

 
 
Agriculture production financing and other loans to farmers
370

 
361

 
 
Real estate Loans:
 
 
 
 
 
Construction
4,551

 
2,336

 
 
Commercial and farmland
95,930

 
69,024

 
 
Residential
11,262

 
7,338

 
 
Home equity
297

 
247

 
 
Other commercial loans
20

 


 
 
Total
$
134,581

 
$
90,975

 
 
Impaired loans with related allowance:
 
 
 
 
 
Commercial and industrial loans
$
3,043

 
$
2,690

 
$
1,247

Agriculture production financing and other loans to farmers
466


466


30

Real estate Loans:
 
 
 
 
 
Commercial and farmland
2,144

 
1,933

 
392

Residential
2,300

 
1,463

 
173

Total
$
7,953

 
$
6,552

 
$
1,842

Total Impaired Loans
$
142,534

 
$
97,527

 
$
1,842


 
Three Months Ended March 31, 2016
 
Average
Recorded Investment

Interest
Income Recognized
Impaired loans with no related allowance:
 

 
Commercial and industrial loans
$
12,052


$
109

Agriculture production financing and other loans to farmers
716


1

Real estate Loans:
 

 
Construction
4,262


85

Commercial and farmland
65,461


871

Residential
7,746


58

Home equity
225




Total
$
90,462


$
1,124

Impaired loans with related allowance:
 

 
Commercial and industrial loans
$
1,363


$
9

Agriculture production financing and other loans to farmers
1,315



Real estate Loans:
 

 
Commercial and farmland
1,756



Residential
879



Total
$
5,313


$
9

Total Impaired Loans
$
95,775


$
1,133


 
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
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, 2016
 
Commercial
Pass

Commercial
Special
Mention

Commercial Substandard

Commercial
Doubtful

Commercial Loss

Consumer Performing

Consumer
Non-Performing

Total
Commercial and industrial loans
$
984,052


$
46,952


$
29,555






 

 

$
1,060,559

Agriculture production financing and other loans to farmers
48,604


22,829


20,704


 



 

 

92,137

Real estate Loans:
 

 

 

 



 

 

 
Construction
365,808


4,021


3,441






$
18,272


$
79


391,621

Commercial and farmland
1,669,322


55,336


81,737






 




1,806,395

Residential
158,931


8,095


10,706






584,262


7,598


769,592

Home equity
7,164


72


568


 



343,812


2,330


353,946

Individuals' loans for household and other personal expenditures
 

 

 

 



73,322


300


73,622

Lease financing receivables, net of unearned income
371


 

90


 









461

Other commercial loans
161,564


10





 



 

 

161,574

Loans
$
3,395,816


$
137,315


$
146,801






$
1,019,668


$
10,307


$
4,709,907


 
 
December 31, 2015
 
Commercial
Pass

Commercial
Special
Mention

Commercial Substandard

Commercial
Doubtful

Commercial Loss

Consumer Performing

Consumer
Non-Performing

Total
Commercial and industrial loans
$
962,340


$
48,432


$
45,984


$
319




 

 

$
1,057,075

Agriculture production financing and other loans to farmers
77,884


6,665


13,162


 



 

 

97,711

Real estate Loans:


 



 



 

 

 
Construction
345,449


1,271


1,790


 



$
18,114


$
80


366,704

Commercial and farmland
1,679,141


46,442


77,338







 





1,802,921

Residential
171,576


3,107


10,428







593,533


7,461


786,105

Home equity
8,218


48


600


 



337,718


2,029


348,613

Individuals' loans for household and other personal expenditures
 

 

 

 



74,491


226


74,717

Lease financing receivables, net of unearned income
495


 

93


 








588

Other commercial loans
159,388








 




 

 

159,388

Loans
$
3,404,491


$
105,965


$
149,395


$
319




$
1,023,856


$
9,796


$
4,693,822
Past due aging of loan portfolio by loan class
The tables below show a past due aging of the Corporation’s loan portfolio, by loan class, as of March 31, 2016, and December 31, 2015.
 
March 31, 2016
 
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
$
1,054,549


$
2,017


$
239


$
60


$
3,694


$
6,010


$
1,060,559

Agriculture production financing and other loans to farmers
90,452


150








1,535


1,685


92,137

Real estate Loans:


 

 

 

 

 

 
Construction
385,222


5,668






731


6,399


391,621

Commercial and farmland
1,788,591


1,355


9





16,440


17,804


1,806,395

Residential
753,121


3,565


539


693


11,674


16,471


769,592

Home equity
349,986


1,298


107


106


2,449


3,960


353,946

Individuals' loans for household and other personal expenditures
73,053


168


101


104


196


569


73,622

Lease financing receivables, net of unearned income
461




 









461

Other commercial loans
161,574




 

 







161,574

Loans
$
4,657,009


$
14,221


$
995


$
963


$
36,719


$
52,898


$
4,709,907




 
December 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
$
1,052,275


$
166








$
4,634


$
4,800


$
1,057,075

Agriculture production financing and other loans to farmers
96,884









827


827


97,711

Real estate Loans:
 

 

 

 

 



 
Construction
362,084


3,884





 


736


4,620


366,704

Commercial and farmland
1,786,092


5,552







11,277


16,829


1,802,921

Residential
765,634


6,090


$
2,061


$
502


11,818


20,471


786,105

Home equity
344,344


1,433


560


324


1,952


4,269


348,613

Individuals' loans for household and other personal expenditures
73,990


445


56


81


145


727


74,717

Lease financing receivables, net of unearned income
588


 

 

 





588

Other commercial loans
159,324


 

64


 




64


159,388

Loans
$
4,641,215


$
17,570


$
2,741


$
907


$
31,389


$
52,607


$
4,693,822
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 March 31, 2016

Pre-Modification
Recorded
Balance

Post-Modification
Recorded
Balance

Number
of
Loans
Commercial and industrial loans
$
260


$
260


3

Agriculture production financing and other loans to farmers
465

 
331

 
2

Real estate Loans:
 

 

 
Commercial and farmland
352


352


1

Residential
113


133


3

Individuals' loans for household and other personal expenditures
13


13


1

Total
$
1,203


$
1,089


10


 

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





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

Three Months Ended March 31, 2016

Term
Modification

Rate
Modification

Combination

Total
Modification
Commercial and industrial loans




$
260


$
260

Agriculture production financing and other loans to farmers
 
 
$
331

 
 
 
331

Real estate Loans:
 

 

 


Commercial and farmland





351


351

Residential


123





123

Individuals' loans for household and other personal expenditures


13





13

Total


$
467


$
611


$
1,078

 
 
 
 
 
 
 
 

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


 
 
 
 
 
 
 
 
Troubled debt restructurings that subsequently defaulted
The following tables summarize troubled debt restructures that occurred during the twelve months ended March 31, 2016 and March 31, 2015, 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 March 31, 2016

Number of
Loans

Recorded
Balance
Commercial and industrial loans
3


$
260

Real estate Loans:
 

 
Commercial and farmland
1


717

Total
4


$
977




Three Months Ended March 31, 2015

Number of
Loans

Recorded
Balance
Home Equity
1


$
6

Total
1


$
6