XML 38 R28.htm IDEA: XBRL DOCUMENT v3.10.0.1
Loans and Allowance (Tables)
 6 Months Ended
Jun. 30, 2018
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 periods indicated:

June 30, 2018

December 31, 2017
Commercial and industrial loans
$
1,657,591


$
1,493,493

Agricultural production financing and other loans to farmers
89,093


121,757

Real estate loans:
 


Construction
714,866


612,219

Commercial and farmland
2,652,782


2,562,691

Residential
965,720


962,765

Home equity
518,699


514,021

Individuals' loans for household and other personal expenditures
92,809


86,935

Lease financing receivables, net of unearned income
1,945


2,527

Other commercial loans
387,554


394,791

  Loans
$
7,081,059


$
6,751,199

Allowance for loan losses
(77,543
)

(75,032
)
             Net Loans
$
7,003,516


$
6,676,167
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, 2018 and June 30, 2017:
 
Three Months Ended June 30, 2018
 
Commercial

Commercial
Real Estate

Consumer

Residential

Finance
Leases

Total
Allowance for loan losses:
 

 

 

 

 

 
Balances, March 31, 2018
$
30,768


$
27,705


$
3,896


$
14,049


$
2


$
76,420

Provision for losses
471


954


60


178




1,663

Recoveries on loans
1,283


1,213


98


596




3,190

Loans charged off
(1,057
)

(2,141
)

(133
)

(399
)



(3,730
)
Balances, June 30, 2018
$
31,465


$
27,731


$
3,921


$
14,424


$
2


$
77,543

 
Six Months Ended June 30, 2018
 
Commercial

Commercial
Real Estate

Consumer

Residential

Finance
Leases

Total
Allowance for loan losses:
 

 

 

 

 

 
Balances, December 31, 2017
$
30,418


$
27,343


$
3,732


$
13,537


$
2


$
75,032

Provision for losses
1,311


1,038


334


1,480




4,163

Recoveries on loans
1,402


1,552


187


750




3,891

Loans charged off
(1,666
)

(2,202
)

(332
)

(1,343
)



(5,543
)
Balances, June 30, 2018
$
31,465


$
27,731


$
3,921


$
14,424


$
2


$
77,543


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
Allowance for credit losses and loan portfolio by loan segment
The tables below show the Corporation’s allowance for loan losses and loan portfolio by loan segment as of the periods indicated. There was no related allowance for loan losses for loans acquired with deteriorated credit quality at June 30, 2018 or December 31, 2017.
 
June 30, 2018
 
Commercial

Commercial
Real Estate

Consumer

Residential

Finance
Leases

Total
Allowance Balances:
 

 

 

 

 

 
Individually evaluated for impairment
$
76







$
421




$
497

Collectively evaluated for impairment
31,389


27,731


$
3,921


14,003


$
2


77,046

Total Allowance for Loan Losses
$
31,465


$
27,731


$
3,921


$
14,424


$
2


$
77,543

Loan Balances:
 

 

 

 

 

 
Individually evaluated for impairment
$
1,746


$
10,251


$
10


$
2,069




$
14,076

Collectively evaluated for impairment
2,129,626


3,338,815


92,799


1,480,769


$
1,945


7,043,954

Loans acquired with deteriorated credit quality
2,866


18,582





1,581





23,029

Loans
$
2,134,238


$
3,367,648


$
92,809


$
1,484,419


$
1,945


$
7,081,059


 
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
$
3,345


$
17,432


$
5


$
2,429




$
23,211

Collectively evaluated for impairment
2,005,275


3,135,481


86,930


1,472,821


$
2,527


6,703,034

Loans acquired with deteriorated credit quality
1,421


21,997





1,536





24,954

Loans
$
2,010,041


$
3,174,910


$
86,935


$
1,476,786


$
2,527


$
6,751,199

 
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, 2018

December 31, 2017
Commercial and industrial loans
$
2,736


$
3,275

Agriculture production financing and other loans to farmers
640


1,027

Real estate loans:
 

 
Construction
695


65

Commercial and farmland
9,431


12,951

Residential
5,522


9,444

Home equity
1,082


1,928

Individuals' loans for household and other personal expenditures
37


34

Total
$
20,143


$
28,724
Composition of impaired loans by loan class
The following tables show the composition of the Corporation’s impaired loans, related allowance and interest income recognized while impaired by loan class as of the periods indicated:
 
June 30, 2018
 
Unpaid
Principal
Balance

Recorded
Investment

Related
Allowance
Impaired loans with no related allowance:
 

 


Commercial and industrial loans
$
6,145


$
999




Agriculture production financing and other loans to farmers
660


640




Real estate Loans:
 




Construction
1,352


614




Commercial and farmland
11,262


9,636




Residential
82


63




Individuals' loans for household and other personal expenditures
10


10

 
 
Total
$
19,511


$
11,962




Impaired loans with related allowance:
 

 


Commercial and industrial loans
$
108


$
108


$
76

Real estate Loans:





Residential
1,773


1,706


348

Home equity
320

 
300

 
73

Total
$
2,201


$
2,114


$
497

Total Impaired Loans
$
21,712


$
14,076


$
497


 
December 31, 2017
 
Unpaid
Principal
Balance
 
Recorded
Investment
 
Related
Allowance
Impaired loans with no related allowance:
 
 
 
 
 
Commercial and industrial loans
$
7,611

 
$
1,536

 
 
Agriculture production financing and other loans to farmers
732

 
700

 
 
Real estate Loans:
 
 
 
 
 
Commercial and farmland
16,758

 
15,162

 
 
Residential
833

 
519

 
 
Home equity
40

 
8

 
 
Individuals' loans for household and other personal expenditures
5


5

 
 
Total
$
25,979

 
$
17,930

 
 
Impaired loans with related allowance:
 
 
 
 
 
Commercial and industrial loans
$
812

 
$
782

 
$
552

Agriculture production financing and other loans to farmers
357


327


114

Real estate Loans:
 
 
 
 
 
Commercial and farmland
2,989

 
2,270

 
567

Residential
1,616

 
1,572

 
327

       Home equity
349


330


77

Total
$
6,123

 
$
5,281

 
$
1,637

Total Impaired Loans
$
32,102

 
$
23,211

 
$
1,637


 
Three Months Ended June 30, 2018

Six Months Ended June 30, 2018
 
Average
Recorded Investment

Interest
Income Recognized

Average
Recorded Investment

Interest
Income Recognized
Impaired loans with no related allowance:
 

 

 

 
Commercial and industrial loans
$
1,004





$
1,006



Agriculture production financing and other loans to farmers
640




640



Real estate Loans:







Construction
1,106





1,167



Commercial and farmland
9,935


$
40


10,241


$
87

Residential
63


1


63


2

Individuals' loans for household and other personal expenditures
10




11



Total
$
12,758


$
41


$
13,128


$
89

Impaired loans with related allowance:
 

 

 

 
Commercial and industrial loans
$
108




$
108



Real estate Loans:







Residential
1,714


$
12


1,726


$
24

Home equity
302


2


303


5

Total
$
2,124


$
14


$
2,137


$
29

Total Impaired Loans
$
14,882


$
55


$
15,265


$
118

 
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
$
1,053


$
2


$
1,211


$
2

Agriculture production financing and other loans to farmers
660




660



Real estate Loans:







Commercial and farmland
20,339


88


20,623


175

Residential
207





207




Individuals' loans for household and other personal expenditures
7




8



Total
$
22,266


$
90


$
22,709


$
177

Impaired loans with related allowance:







Real estate Loans:







Commercial and farmland
$
3,282





$
3,288




Residential
1,871


$
6


1,873


$
11

Home equity
279


2


281


4

Total
$
5,432


$
8


$
5,442


$
15

Total Impaired Loans
$
27,698


$
98


$
28,151


$
192
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, 2018
 
Commercial
Pass

Commercial
Special
Mention

Commercial Substandard

Commercial
Doubtful

Commercial Loss

Consumer Performing

Consumer
Non-Performing

Total
Commercial and industrial loans
$
1,577,925


$
33,722


$
45,944







 

 

$
1,657,591

Agriculture production financing and other loans to farmers
62,750


11,319


15,024








 

89,093

Real estate Loans:






 







 
Construction
678,483


2,180


9,302






$
24,836


$
65


714,866

Commercial and farmland
2,513,163


61,303


75,765


$
51




2,499


1


2,652,782

Residential
182,691


5,360


3,813


31




768,627


5,198


965,720

Home equity
27,895


972


374






488,329


1,129


518,699

Individuals' loans for household and other personal expenditures






 



92,756


53


92,809

Lease financing receivables, net of unearned income
1,945






 









1,945

Other commercial loans
387,201




353


 



 

 

387,554

Loans
$
5,432,053


$
114,856


$
150,575


$
82




$
1,377,047


$
6,446


$
7,081,059


 
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
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, 2018, and December 31, 2017:
 
June 30, 2018
 
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
$
1,654,674


$
181








$
2,736


$
2,917


$
1,657,591

Agriculture production financing and other loans to farmers
87,937


200


$
316





640


1,156


89,093

Real estate loans:










 


Construction
713,942


229






695


924


714,866

Commercial and farmland
2,635,978


2,965


4,408





9,431


16,804


2,652,782

Residential
956,273


3,280


552


$
93


5,522


9,447


965,720

Home equity
515,026


1,947


569


75


1,082


3,673


518,699

Individuals' loans for household and other personal expenditures
92,356


248


152


16


37


453


92,809

Lease financing receivables, net of unearned income
1,945














1,945

Other commercial loans
387,554














387,554

Loans
$
7,045,685


$
9,050


$
5,997


$
184


$
20,143


$
35,374


$
7,081,059

 
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
Schedules of troubled debt restructurings
The following tables summarize troubled debt restructures in the Corporation's loan portfolio that occurred during the periods indicated:

Three Months Ended June 30, 2018

Six Months Ended June 30, 2018

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:
 

 

 

 

 

 
Residential
$
122


$
125


2


$
336


$
347


7

Home equity









16


16


2

Individuals' loans for household and other personal expenditures









7


8


1

Total
$
122


$
125


2


$
359


$
371


10


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




The following tables summarize the recorded investment of troubled debt restructures as of June 30, 2018 and 2017, by modification type, that occurred during the periods indicated:

Three Months Ended June 30, 2018

Term
Modification

Rate
Modification

Combination

Total
Modification
Real estate loans:
 

 

 


Residential


$
91


$
34


$
125

Total


$
91


$
34


$
125

 
 
 
 
 
 
 
 

Six Months Ended June 30, 2018

Term
Modification

Rate
Modification

Combination

Total
Modification
Real estate loans:
 

 

 

 
Residential
$
37


$
163


$
139


$
339

           Home Equity
60

 
10

 


 
70

Individuals' loans for household and other personal expenditures


7





7

Total
$
97


$
180


$
139


$
416


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
Troubled debt restructurings that subsequently defaulted
loan is considered in default if it is 30 or more days past due.

Three Months Ended June 30, 2018

Six Months Ended June 30, 2018

Number of Loans

Recorded Balance

Number of Loans

Recorded Balance
Real estate loans:
 

 

 

 
Commercial and farmland






1


$
272

Residential
2


$
132


3


190

Total
2


$
132


4


$
462