XML 39 R29.htm IDEA: XBRL DOCUMENT v3.7.0.1
Loans and Allowance (Tables)
 6 Months Ended
Jun. 30, 2017
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, 2017

December 31, 2016
Commercial and industrial loans
$
1,289,884


$
1,194,646

Agricultural production financing and other loans to farmers
75,746


79,689

Real estate loans:
 


Construction
442,389


418,703

Commercial and farmland
2,167,729


1,953,062

Residential
847,580


739,169

Home equity
436,038


418,525

Individuals' loans for household and other personal expenditures
79,887


77,479

Lease financing receivables, net of unearned income
232


311

Other commercial loans
273,659


258,061

  Loans
$
5,613,144


$
5,139,645

Allowance for loan losses
(70,471
)

(66,037
)
             Net Loans
$
5,542,673


$
5,073,608
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, 2017, and June 30, 2016:
 
Three Months Ended June 30, 2017
 
Commercial

Commercial
Real Estate

Consumer

Residential

Finance
Leases

Total
Allowance for loan losses:
 

 

 

 

 

 
Balances, March 31, 2017
$
28,524


$
24,320


$
3,120


$
12,259


$
2


$
68,225

Provision for losses
161


1,402


286


1,026




2,875

Recoveries on loans
297


175


101


153




726

Loans charged-off
(76
)

(661
)

(135
)

(483
)



(1,355
)
Balances, June 30, 2017
$
28,906


$
25,236


$
3,372


$
12,955


$
2


$
70,471


 
Six Months Ended June 30, 2017
 
Commercial

Commercial
Real Estate

Consumer

Residential

Finance
Leases

Total
Allowance for loan losses:
 

 

 

 

 

 
Balances, December 31, 2016
$
27,696


$
23,661


$
2,923


$
11,755


$
2


$
66,037

Provision for losses
1,358


1,649


535


1,718




5,260

Recoveries on loans
663


739


202


390




1,994

Loans charged-off
(811
)

(813
)

(288
)

(908
)



(2,820
)
Balances, June 30, 2017
$
28,906


$
25,236


$
3,372


$
12,955


$
2


$
70,471



Three Months Ended June 30, 2016
 
Commercial

Commercial
Real Estate

Consumer

Residential

Finance
Leases

Total
Allowance for loan losses:
 

 

 

 

 

 
Balances, March 31, 2016
$
26,264


$
22,317


$
2,647


$
10,856


$
2


$
62,086

Provision for losses
400


200


44


146





790

Recoveries on loans
683


276


107


273





1,339

Loans charged-off
(1,026
)

(513
)

(114
)

(376
)



(2,029
)
Balances, June 30, 2016
$
26,321


$
22,280


$
2,684


$
10,899


$
2


$
62,186


 
Six Months Ended June 30, 2016
 
Commercial

Commercial
Real Estate

Consumer

Residential

Finance
Leases

Total
Allowance for loan losses:
 

 

 

 

 

 
Balances, December 31, 2015
$
26,478


$
22,145


$
2,689


$
11,139


$
2


$
62,453

Provision for losses
539


414


77


310





1,340

Recoveries on loans
975


1,228


185


585





2,973

Loans charged-off
(1,671
)

(1,507
)

(267
)

(1,135
)



(4,580
)
Balances, June 30, 2016
$
26,321


$
22,280


$
2,684


$
10,899


$
2


$
62,186
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:
 
June 30, 2017
 
Commercial

Commercial
Real Estate

Consumer

Residential

Finance
Leases

Total
Allowance Balances:
 

 

 

 

 

 
Individually evaluated for impairment



$
766




$
465




$
1,231

Collectively evaluated for impairment
$
28,906


24,470


$
3,372


12,490


$
2


69,240

Loans Acquired with Deteriorated Credit Quality
















Total Allowance for Loan Losses
$
28,906


$
25,236


$
3,372


$
12,955


$
2


$
70,471

Loan Balances:
 

 

 

 

 

 
Individually evaluated for impairment
$
3,346


$
20,744


$
7


$
4,396




$
28,493

Collectively evaluated for impairment
1,635,295


2,564,375


79,880


1,277,645


$
232


5,557,427

Loans Acquired with Deteriorated Credit Quality
648


24,999





1,577





27,224

Loans
$
1,639,289


$
2,610,118


$
79,887


$
1,283,618


$
232


$
5,613,144



 
December 31, 2016
 
Commercial

Commercial
Real Estate

Consumer

Residential

Finance
Leases

Total
Allowance Balances:
 

 

 

 

 

 
Individually evaluated for impairment
$
37


$
553




$
298




$
888

Collectively evaluated for impairment
27,659


23,108


$
2,923


11,457


$
2


65,149

Loans Acquired with Deteriorated Credit Quality
















Total Allowance for Loan Losses
$
27,696


$
23,661


$
2,923


$
11,755


$
2


$
66,037

Loan Balances:
 

 

 

 

 

 
Individually evaluated for impairment
$
4,762


$
21,358


$
9


$
4,450




$
30,579

Collectively evaluated for impairment
1,520,981


2,315,686


77,470


1,151,396


$
311


5,065,844

Loans Acquired with Deteriorated Credit Quality
6,653


34,721





1,848





43,222

Loans
$
1,532,396


$
2,371,765


$
77,479


$
1,157,694


$
311


$
5,139,645
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, 2017

December 31, 2016
Commercial and industrial loans
$
1,786


$
1,839

Agriculture production financing and other loans to farmers
662


1,329

Real estate loans:
 

 
Construction
69


73

Commercial and farmland
14,110


15,754

Residential
9,633


9,523

Home equity
1,029


1,457

Individuals' loans for household and other personal expenditures
58


23

Total
$
27,347


$
29,998
Composition of impaired loans by loan class
The following tables show the composition of the Corporation’s commercial impaired loans, related allowance and interest income recognized while impaired by loan class as of the periods indicated:
 
June 30, 2017
 
Unpaid
Principal
Balance

Recorded
Investment

Related
Allowance
Impaired loans with no related allowance:
 

 


Commercial and industrial loans
$
6,635


$
3,332




Agriculture production financing and other loans to farmers
672


662




Real estate Loans:
 

 


Construction
1,238


557




Commercial and farmland
58,749


41,750




Residential
5,575


3,473




Home equity
13


9




Total
$
72,882


$
49,783




Impaired loans with related allowance:
 

 


Real estate Loans:
 

 

 
Commercial and farmland
$
3,988


$
3,276


$
766

Residential
765


567


104

Home equity
40

 
18

 
11

Total
$
4,793


$
3,861


$
881

Total Impaired Loans
$
77,675


$
53,644


$
881


 
December 31, 2016
 
Unpaid
Principal
Balance
 
Recorded
Investment
 
Related
Allowance
Impaired loans with no related allowance:
 
 
 
 
 
Commercial and industrial loans
$
17,645

 
$
10,074

 
 
Agriculture production financing and other loans to farmers
757

 
680

 
 
Real estate Loans:
 
 
 
 
 
Construction
5,946

 
3,178

 
 
Commercial and farmland
67,936

 
49,731

 
 
Residential
8,039

 
4,664

 
 
Home equity
82

 
44

 
 
Other commercial loans
11

 


 
 
Total
$
100,416

 
$
68,371

 
 
Impaired loans with related allowance:
 
 
 
 
 
Agriculture production financing and other loans to farmers
$
660


$
660


$
36

Real estate Loans:
 
 
 
 
 
Commercial and farmland
4,238

 
2,985

 
553

Residential
65

 
34

 
23

Total
$
4,963

 
$
3,679

 
$
612

Total Impaired Loans
$
105,379

 
$
72,050

 
$
612


 
Three Months Ended June 30, 2017

Six Months Ended June 30, 2017
 
Average
Recorded Investment

Interest
Income Recognized

Average
Recorded Investment

Interest
Income Recognized
Impaired loans with no related allowance:
 

 

 

 
Commercial and industrial loans
$
3,398


$
23


$
3,629


$
45

Agriculture production financing and other loans to farmers
663




664



Real estate Loans:
 

 




Construction
555


5


556


5

Commercial and farmland
46,343


427


47,875


903

Residential
3,534


34


3,632


67

Home equity
9





9



Total
$
54,502


$
489


$
56,365


$
1,020

Impaired loans with related allowance:
 

 

 

 
Real estate Loans:
 

 




Commercial and farmland
$
3,282




$
3,289


$
2

Residential
570




574



Home equity
18




18



Total
$
3,870




$
3,881


$
2

Total Impaired Loans
$
58,372


$
489


$
60,246


$
1,022

 
Three Months Ended June 30, 2016

Six Months Ended June 30, 2016
 
Average
Recorded Investment

Interest
Income Recognized

Average
Recorded Investment

Interest
Income Recognized
Impaired loans with no related allowance:
 

 

 

 
Commercial and industrial loans
$
10,372


$
128


$
10,307


$
231

Agriculture production financing and other loans to farmers
834


2


882


2

Real estate Loans:







Construction
4,085


74


4,074


147

Commercial and farmland
62,173


861


63,136


1,706

Residential
5,069


54


5,390


107

Home equity
138





139




Total
$
82,671


$
1,119


$
83,928


$
2,193

Impaired loans with related allowance:







Commercial and industrial loans
$
2,120


$
9


$
2,129


$
19

Agriculture production financing and other loans to farmers
1,321




1,405



Real estate Loans:







Commercial and farmland
1,986





2,008




Residential
840




860




Total
$
6,267


$
9


$
6,402


$
19

Total Impaired Loans
$
88,938


$
1,128


$
90,330


$
2,212
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, 2017
 
Commercial
Pass

Commercial
Special
Mention

Commercial Substandard

Commercial
Doubtful

Commercial Loss

Consumer Performing

Consumer
Non-Performing

Total
Commercial and industrial loans
$
1,235,039


$
19,811


$
35,034







 

 

$
1,289,884

Agriculture production financing and other loans to farmers
33,917


25,818


16,011


 



 

 

75,746

Real estate Loans:
 

 

 

 



 

 

 
Construction
414,112


5,471


1,059






$
21,678


$
69


442,389

Commercial and farmland
2,050,396


47,526


67,681


$
1,687


$
91


343


5


2,167,729

Residential
175,169


3,298


4,069








656,576


8,468


847,580

Home equity
11,847


30


94


 




422,979


1,088


436,038

Individuals' loans for household and other personal expenditures
 

 

 

 




79,829


58


79,887

Lease financing receivables, net of unearned income
232


 



 










232

Other commercial loans
273,165




494


 



 

 

273,659

Loans
$
4,193,877


$
101,954


$
124,442


$
1,687


$
91


$
1,181,405


$
9,688


$
5,613,144


 
December 31, 2016
 
Commercial
Pass

Commercial
Special
Mention

Commercial Substandard

Commercial
Doubtful

Commercial Loss

Consumer Performing

Consumer
Non-Performing

Total
Commercial and industrial loans
$
1,117,545


$
30,919


$
46,182






 

 

$
1,194,646

Agriculture production financing and other loans to farmers
30,712


25,273


23,704


 



 

 

79,689

Real estate Loans:


 



 



 

 

 
Construction
398,646


3,490


1,858


 



$
14,636


$
73


418,703

Commercial and farmland
1,811,367


60,028


80,626






1,034


7


1,953,062

Residential
146,251


5,106


6,046






574,054


7,712


739,169

Home equity
7,310


47


516


 



409,237


1,415


418,525

Individuals' loans for household and other personal expenditures
 

 

 

 



77,456


23


77,479

Lease financing receivables, net of unearned income
228


 

83


 








311

Other commercial loans
257,861





200


 



 

 

258,061

Loans
$
3,769,920


$
124,863


$
159,215






$
1,076,417


$
9,230


$
5,139,645
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 June 30, 2017, and December 31, 2016.
 
June 30, 2017
 
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
$
1,286,444


$
1,351


$
203


$
100


$
1,786


$
3,440


$
1,289,884

Agriculture production financing and other loans to farmers
74,447


637








662


1,299


75,746

Real estate loans:


 

 

 



 

 
Construction
442,320









69


69


442,389

Commercial and farmland
2,151,621


1,007


991





14,110


16,108


2,167,729

Residential
834,286


2,672


541


448


9,633


13,294


847,580

Home equity
433,223


1,140


560


86


1,029


2,815


436,038

Individuals' loans for household and other personal expenditures
79,448


301


80




58


439


79,887

Lease financing receivables, net of unearned income
232




 









232

Other commercial loans
273,659




 

 







273,659

Loans
$
5,575,680


$
7,108


$
2,375


$
634


$
27,347


$
37,464


$
5,613,144


 
December 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
$
1,192,079


$
466


$
162


$
100


$
1,839


$
2,567


$
1,194,646

Agriculture production financing and other loans to farmers
78,360









1,329


1,329


79,689

Real estate loans:
 

 

 

 

 



 
Construction
415,975


2,655





 


73


2,728


418,703

Commercial and farmland
1,932,896


1,385


3,027




15,754


20,166


1,953,062

Residential
725,338


3,664


635


9


9,523


13,831


739,169

Home equity
415,969


850


246


3


1,457


2,556


418,525

Individuals' loans for household and other personal expenditures
76,929


470


57





23


550


77,479

Lease financing receivables, net of unearned income
311


 

 

 





311

Other commercial loans
258,061


 



 







258,061

Loans
$
5,095,918


$
9,490


$
4,127


$
112


$
29,998


$
43,727


$
5,139,645
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 June 30, 2017

Six Months Ended June 30, 2017

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
$
394


$
170


1


$
394


$
170


1

Real estate loans:
 

 

 

 

 

 
Commercial and farmland
250


250


3


357


491


6

Residential
329


276


5


450


398


7

Home equity









122







Total
$
973


$
696


9


$
1,323


$
1,059


14

 

Three Months Ended June 30, 2016

Six Months Ended June 30, 2016

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


 


 



$
260


$
260


3

Agriculture production financing and other loans to farmers
$
1,141

 
$
1,141

 
3

 
1,606

 
1,472

 
5

Real estate loans:
 
 
 
 
 

 

 

 
Commercial and farmland
3,539

 
3,508

 
5


3,891


3,860


6

Residential


 


 



113


133


3

Home equity
174

 
146

 
1

 
174

 
146

 
1

Total
$
4,854

 
$
4,795

 
9


$
6,044


$
5,871


18





The following tables summarize the recorded investment of troubled debt restructurings as of June 30, 2017 and 2016, by modification type, that occurred during the periods indicated:

Three Months Ended June 30, 2017

Term
Modification

Rate
Modification

Combination

Total
Modification
Commercial and industrial loans
 
 
 
 
$
169

 
$
169

Real estate loans:
 

 

 


Commercial and farmland
$
41


$
154





195

Residential



231


43


274

Total
$
41


$
385


$
212


$
638


Six Months Ended June 30, 2017

Term
Modification

Rate
Modification

Combination

Total
Modification
Commercial and industrial loans





$
169


$
169

Real estate loans:
 

 

 

 
Commercial and farmland
$
41


$
154


235


430

Residential



351


43


394

Total
$
41


$
505


$
447


$
993


Three Months Ended June 30, 2016

Term
Modification

Rate
Modification

Combination

Total
Modification
Agriculture production financing and other loans to farmers
$
1,141

 

 
 
 
$
1,141

Real estate loans:
 

 

 


Commercial and farmland
418





$
3,086


3,504

Home equity



$
143





143

Total
$
1,559


$
143


$
3,086


$
4,788



Six Months Ended June 30, 2016

Term
Modification

Rate
Modification

Combination

Total
Modification
Commercial and industrial loans





$
198


$
198

Agriculture production financing and other loans to farmers
$
1,141

 
$
49

 
 
 
1,190

Real estate loans:


 

 

 
Commercial and farmland
418





3,433


3,851

Residential



112





112

Home equity



143





143

Total
$
1,559


$
304


$
3,631


$
5,494
Troubled debt restructurings that subsequently defaulted
The following tables summarize troubled debt restructures that occurred during the twelve months ended June 30, 2016, 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 June 30, 2016

Six Months Ended June 30, 2016

Number of
Loans

Recorded
Balance

Number of
Loans

Recorded
Balance
Commercial and industrial loans
1

$
72


4


$
269

Real estate loans:
 

 

 


 
Residential
1

$
55


1


$
55

Total
2

$
127


5


$
324