XML 56 R39.htm IDEA: XBRL DOCUMENT v3.8.0.1
Loans and Allowance (Tables)
 12 Months Ended
Dec. 31, 2017
Receivables [Abstract]  
Composition of Loan Portfolio by Loan Class
The following table illustrates the composition of the Corporation’s loan portfolio by loan class for the years indicated:

December 31, 2017

December 31, 2016

 

 
Commercial and industrial loans
$
1,493,493


$
1,194,646

Agricultural production financing and other loans to farmers
121,757


79,689

Real estate loans:



Construction
612,219


418,703

Commercial and farmland
2,562,691


1,953,062

Residential
962,765


739,169

Home equity
514,021


418,525

Individuals' loans for household and other personal expenditures
86,935


77,479

Lease financing receivables, net of unearned income
2,527


311

Other commercial loans
394,791


258,061

Loans
6,751,199


5,139,645

Allowance for loan losses
(75,032
)

(66,037
)
Net Loans
$
6,676,167


$
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 twelve months ended December 31, 2017, 2016, and 2015:
 
Twelve Months Ended December 31, 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
2,515


3,159


1,078


2,391





9,143

Recoveries on loans
1,590


2,260


324


706





4,880

Loans charged off
(1,383
)

(1,737
)

(593
)

(1,315
)




(5,028
)
Balances, December 31, 2017
$
30,418


$
27,343


$
3,732


$
13,537


$
2


$
75,032

 
 
Twelve Months Ended December 31, 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
1,876


1,834


432


1,515





5,657

Recoveries on loans
1,806


2,090


369


1,091





5,356

Loans charged off
(2,464
)

(2,408
)

(567
)

(1,990
)




(7,429
)
Balances, December 31, 2016
$
27,696


$
23,661


$
2,923


$
11,755


$
2


$
66,037

 


 
Twelve Months Ended December 31, 2015
 
Commercial

Commercial Real Estate

Consumer

Residential

Finance
Leases

Total
Allowance for loan losses:
 

 

 

 

 

 
Balances, December 31, 2014
$
28,824


$
19,327


$
2,658


$
13,152


$
3


$
63,964

Provision for losses
(1,901
)

1,710


299


310


$
(1
)

417

Recoveries on loans
1,911


2,545


352


1,536





6,344

Loans charged off
(2,356
)

(1,437
)

(620
)

(3,859
)




(8,272
)
Balances, December 31, 2015
$
26,478


$
22,145


$
2,689


$
11,139


$
2


$
62,453
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 loan segment for the years indicated:

December 31, 2017
 
Commercial

Commercial
Real Estate

Consumer

Residential

Finance
Leases

Total
Allowance balances:
 

 

 

 

 

 
Individually evaluated for impairment
$
666


$
567





$
404




$
1,637

Collectively evaluated for impairment
29,752


26,776


$
3,732


13,133


$
2


73,395

Total Allowance for Loan Losses
$
30,418


$
27,343


$
3,732


$
13,537


$
2


$
75,032

Loan balances:
 

 

 

 

 

 
Individually evaluated for impairment
$
4,776


$
21,009


$
5


$
3,941




$
29,731

Collectively evaluated for impairment
2,003,844


3,131,589


86,930


1,471,309


$
2,527


6,696,199

Loans acquired with deteriorated credit quality
1,421


22,312





1,536





25,269

Loans
$
2,010,041


$
3,174,910


$
86,935


$
1,476,786


$
2,527


$
6,751,199



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

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 for the years indicated:

December 31, 2017

December 31, 2016
Commercial and industrial loans
$
3,275


$
1,839

Agriculture production financing and other loans to farmers
1,027

 
1,329

Real estate loans:



 
Construction
65


73

Commercial and farmland
12,951


15,754

Residential
9,444


9,523

Home equity
1,928


1,457

Individuals' loans for household and other personal expenditures
34


23

Total
$
28,724


$
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 for the years indicated:
 
December 31, 2017
 
Unpaid Principal
Balance

Recorded
Investment

Related
Allowance

Average Recorded Investment

Interest Income Recognized
Impaired loans with no related allowance:
 

 

 

 

 
Commercial and industrial loans
$
14,110


$
3,850


 

$
7,653


$
186

Agriculture production financing and other loans to farmers
1,595


1,238


 

1,304


20

Real estate loans:
 

 

 

 

 
Construction
2,530


1,396


 

1,420


64

Commercial and farmland
51,829


39,651


 

43,445


1,734

Residential
5,403


3,133


 

3,558


122

Home equity
80


40


 

48




Total
$
75,547


$
49,308


 


$
57,428


$
2,126

Impaired loans with related allowance:
 

 

 

 

 
Commercial and industrial loans
$
812


$
782


$
552


$
1,517




Agriculture production financing and other loans to farmers
357


327


114


327




Real estate loans:
 

 

 

 

 
Commercial and farmland
2,989


2,270


567


2,383


$
4

Total
$
4,158


$
3,379


$
1,233


$
4,227


$
4

Total Impaired Loans
$
79,705


$
52,687


$
1,233


$
61,655


$
2,130


 
December 31, 2016
 
Unpaid Principal
Balance
 
Recorded
Investment
 
Related
Allowance
 
Average Recorded Investment
 
Interest Income Recognized
Impaired loans with no related allowance:
 

 

 

 

 
Commercial and industrial loans
$
17,645


$
10,074


 


$
13,393


$
499

Agriculture production financing and other loans to farmers
757


680


 


750


3

Real estate loans:
 
 
 
 
 
 
 
 
 
Construction
5,946


3,178


 

3,255


258

Commercial and farmland
67,936


49,731


 

51,740


2,978

Residential
8,039


4,664


 

5,410


167

Home equity
82


44


 

44




Other commercial loans
11





 





Total
$
100,416


$
68,371




$
74,592


$
3,905

Impaired loans with related allowance:
 

 

 

 

 
Agriculture production financing and other loans to farmers
$
660

 
$
660

 
$
36

 
$
691

 


Real estate loans:
 

 

 

 

 
Commercial and farmland
4,238


2,985


553


2,989




Residential
65


34


23


38




Total
$
4,963


$
3,679


$
612


$
3,718




Total Impaired Loans
$
105,379


$
72,050


$
612


$
78,310


$
3,905


 
 
December 31, 2015
 
Unpaid Principal
Balance

Recorded
Investment

Related
Allowance

Average Recorded Investment

Interest Income Recognized
Impaired loans with no related allowance:
 

 

 

 

 
Commercial and industrial loans
$
22,151


$
11,669


 

$
12,578


$
488

Agriculture production financing and other loans to farmers
370


361


 

439


 
Real estate loans:









Construction
4,551


2,336


 

3,662


157

Commercial and farmland
95,930


69,024


 

71,569


3,328

Residential
11,262


7,338


 

7,926


244

Home equity
297


247


 

249




Other commercial loans
20





 





Total
$
134,581


$
90,975


 

$
96,423


$
4,217

Impaired loans with related allowance:
 

 

 

 

 
Commercial and industrial loans
$
3,043


$
2,690


$
1,247


$
2,752


$
38

Agriculture production financing and other loans to farmers
466

466

30

538


Real estate loans:
 

 

 

 

 
Commercial and farmland
2,144


1,933


392


1,868




Residential
2,300


1,463


173


1,787




Total
$
7,953


$
6,552


$
1,842


$
6,945


$
38

Total Impaired Loans
$
142,534


$
97,527


$
1,842


$
103,368


$
4,255
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 years 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.
 
December 31, 2017
 
Commercial Pass

Commercial Special Mention

Commercial Substandard

Commercial Doubtful

Commercial Loss

Consumer Performing

Consumer
Non Performing

Total
Commercial and industrial loans
$
1,418,401


$
51,336


$
23,386


$
370


 

 

 

$
1,493,493

Agriculture production financing and other loans to farmers
73,800


27,502


20,018


387


$
50


 

 

121,757

Real estate loans:


 



 

 

 

 


Construction
587,906


828


981




 

$
22,374


$
130


612,219

Commercial and farmland
2,408,329


70,074


79,769


1,536


 

2,980


3


2,562,691

Residential
185,725


4,376


4,209


114


 

759,900


8,441


962,765

Home equity
28,554


457


286




 

482,661


2,063


514,021

Individuals' loans for household and other personal expenditures
 

 

 

 

 

86,875


60


86,935

Lease financing receivables, net of unearned income
2,527








 






2,527

Other commercial loans
394,222





569





 





394,791

Loans
$
5,099,464


$
154,573


$
129,218


$
2,407


$
50


$
1,354,790


$
10,697


$
6,751,199



 
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, for the years indicated:

December 31, 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
$
1,487,221


$
2,967


$
30





$
3,275


$
6,272


$
1,493,493

Agriculture production financing and other loans to farmers
120,720


10








1,027


1,037


121,757

Real estate loans:
 

 

 

 

 



 
Construction
610,896


1,193




$
65


65


1,323


612,219

Commercial and farmland
2,542,048


6,923


166


603


12,951


20,643


2,562,691

Residential
948,947


4,010


308


56


9,444


13,818


962,765

Home equity
510,362


1,372


184


175


1,928


3,659


514,021

Individuals' loans for household and other personal expenditures
85,744


298


834


25


34


1,191


86,935

Lease financing receivables, net of unearned income
2,527






 







2,527

Other commercial loans
394,791














394,791

Loans
$
6,703,256


$
16,773


$
1,522


$
924


$
28,724


$
47,943


$
6,751,199

 
 

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 Restructuring
The following tables summarize the recorded investment of troubled debt restructures as of December 31, 2017 and 2016, by modification type, that occurred during the years indicated:
 
December 31, 2017

Term
Modification

Rate
Modification

Combination

Total
Modification
Commercial and industrial loans
$
203

 
 
 
$
166

 
$
369

Agriculture production financing and other farm loans
387

 


 
 
 
387

Real estate loans:
 

 
 

 
 

 
 

Commercial and farmland
705

 
$
59

 
232

 
996

Residential


 
761

 
85

 
846

Home equity
 
 
105

 
 
 
105

Individuals' loans for household and other personal expenditures
 
 
14

 
 
 
14

Total
$
1,295

 
$
939

 
$
483

 
$
2,717



 
December 31, 2016

Term
Modification

Rate
Modification

Combination

Total
Modification
Commercial and industrial loans





$
397


$
397

Agriculture production financing and other loans to farmers
$
660

 
$
12

 
 
 
672

Real estate loans:
 

 

 

 
Commercial and farmland
297





3,456


3,753

Residential
238


928





1,166

Home equity



266





266

Individuals' loans for household and other personal expenditures



9




9

Total
$
1,195


$
1,215


$
3,853


$
6,263

The following tables summarize troubled debt restructures that occurred during the twelve months ended December 31, 2017 and 2016, 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.

Twelve Months Ended December 31, 2017
 
Number of Loans

Recorded Balance
Real estate loans:
 
 
 
Commercial and farmland
1

 
$
14

Residential
4

 
323

Total
5


$
337


Twelve Months Ended December 31, 2016
 
Number of Loans

Recorded Balance
Commercial and industrial loans
3


$
197

Agriculture production financing and other loans to farmers
1

 
661

Real estate loans:



Commercial and farmland
1


343

Residential
1


$
64

Total
6


$
1,265

The following tables summarize troubled debt restructures in the Corporation's loan portfolio that occurred during the periods ended December 31, 2017 and 2016:
 
December 31, 2017

Pre-Modification
Recorded Balance

Post-Modification
Recorded Balance

Number
of Loans
Commercial and industrial loans
$
599

 
$
376

 
3

Agriculture production financing and other loans to farmers
387

 
387

 
3

Real estate loans:
 
 
 
 
 
Commercial and farmland
1,022

 
1,156

 
8

Residential
788

 
862

 
15

Home equity
195

 
107

 
4

Individuals' loans for household and other personal expenditures
13

 
14

 
1

Total
$
3,004

 
$
2,902

 
34

 
 




 
December 31, 2016

Pre-Modification
Recorded Balance

Post-Modification
Recorded Balance

Number
of Loans
Commercial and industrial loans
$
410


$
410


4

Agriculture production financing and other loans to farmers
1,368

 
1,234

 
4

Real estate loans:


 

 
Commercial and farmland
3,978


3,954


7

Residential
1,126


1,183


17

Home equity
266

 
244

 
4

Individuals' loans for household and other personal expenditures
17


10


1

Total
$
7,165


$
7,035


37