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Loans and Allowance (Tables)
 3 Months Ended
Mar. 31, 2019
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:

March 31, 2019

December 31, 2018
Commercial and industrial loans
$
1,788,628


$
1,726,664

Agricultural production financing and other loans to farmers
80,357


92,404

Real estate loans:
 


Construction
542,501


545,729

Commercial and farmland
2,838,798


2,832,102

Residential
976,668


966,421

Home equity
536,208


528,157

Individuals' loans for household and other personal expenditures
108,216


99,788

Public finance and other commercial loans
427,944


433,202

  Loans
$
7,299,320


$
7,224,467

Allowance for loan losses
(80,902
)

(80,552
)
             Net Loans
$
7,218,418


$
7,143,915
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, 2019 and March 31, 2018:
 
Three Months Ended March 31, 2019
 
Commercial

Commercial
Real Estate

Consumer

Residential

Total
Allowance for loan losses:
 

 

 

 

 
Balances, December 31, 2018
$
32,657


$
29,609


$
3,964


$
14,322


$
80,552

Provision for losses
236


769


105


90


1,200

Recoveries on loans
542


245


118


100


1,005

Loans charged off
(366
)

(1,189
)

(161
)

(139
)

(1,855
)
Balances, March 31, 2019
$
33,069


$
29,434


$
4,026


$
14,373


$
80,902

 
 
 
 
 
 
 
 
 
 

Three Months Ended March 31, 2018
 
Commercial

Commercial
Real Estate

Consumer

Residential

Total
Allowance for loan losses:
 

 

 

 

 
Balances, December 31, 2017
$
30,420


$
27,343


$
3,732


$
13,537


$
75,032

Provision for losses
840


84


274


1,302


2,500

Recoveries on loans
119


339


89


154


701

Loans charged off
(609
)

(61
)

(199
)

(944
)

(1,813
)
Balances, March 31, 2018
$
30,770


$
27,705


$
3,896


$
14,049


$
76,420

 
 
 
 
 
 
 
 
 
 
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. At March 31, 2019 and December 31, 2018, there was no related allowance for loan losses for loans acquired with deteriorated credit quality.
 
March 31, 2019
 
Commercial

Commercial
Real Estate

Consumer

Residential

Total
Allowance Balances:
 

 

 

 

 
Individually evaluated for impairment
$
1,172


$
6


$
1


$
420


$
1,599

Collectively evaluated for impairment
31,897


29,428


4,025


13,953


79,303

Total Allowance for Loan Losses
$
33,069


$
29,434


$
4,026


$
14,373


$
80,902

Loan Balances:








 
Individually evaluated for impairment
$
4,889


$
16,667


$
15


$
2,316


$
23,887

Collectively evaluated for impairment
2,289,661


3,352,381


108,201


1,509,622


7,259,865

Loans acquired with deteriorated credit quality
2,379


12,251


—


938


15,568

Loans
$
2,296,929


$
3,381,299


$
108,216


$
1,512,876


$
7,299,320


 
December 31, 2018
 
Commercial

Commercial
Real Estate

Consumer

Residential

Total
Allowance Balances:
 

 

 

 

 
Individually evaluated for impairment
$
—


$
1,435


$
1


$
436


$
1,872

Collectively evaluated for impairment
32,657


28,174


3,963


13,886


78,680

Total Allowance for Loan Losses
$
32,657


$
29,609


$
3,964


$
14,322


$
80,552

Loan Balances:
 

 

 

 

 
Individually evaluated for impairment
$
1,838


$
17,756


$
18


$
2,413


$
22,025

Collectively evaluated for impairment
2,248,330


3,347,686


99,770


1,490,872


7,186,658

Loans acquired with deteriorated credit quality
2,102


12,389


—


1,293


15,784

Loans
$
2,252,270


$
3,377,831


$
99,788


$
1,494,578


$
7,224,467
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, 2019

December 31, 2018
Commercial and industrial loans
$
2,498


$
1,803

Agriculture production financing and other loans to farmers
2,910


679

Real estate loans:
 

 
Construction
7,533


8,667

Commercial and farmland
8,201


8,156

Residential
4,473


4,966

Home equity
1,963


1,481

Individuals' loans for household and other personal expenditures
18


42

Public finance and other commercial loans
353


354

Total
$
27,949


$
26,148
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:
 
March 31, 2019
 
Unpaid
Principal
Balance

Recorded
Investment

Related
Allowance
Impaired loans with no related allowance:
 

 


Commercial and industrial loans
$
1,920


$
1,626


$
—

Agriculture production financing and other loans to farmers
807


792


—

Real estate Loans:





Construction
9,330


7,524


—

Commercial and farmland
10,838


8,973


—

Residential
118


99


—

Home equity
48


48


—

Public finance and other commercial loans
353


353


—

Total
$
23,414


$
19,415


$
—

Impaired loans with related allowance:
 

 


Agriculture production financing and other loans to farmers
$
2,167


$
2,117


$
1,172

Real estate Loans:





Commercial and farmland
171


171


6

Residential
1,843


1,815


348

Home equity
371

 
354


72

Individuals' loans for household and other personal expenditures
15

 
15


1

Total
$
4,567


$
4,472


$
1,599

Total Impaired Loans
$
27,981


$
23,887


$
1,599


 
December 31, 2018
 
Unpaid
Principal
Balance
 
Recorded
Investment
 
Related
Allowance
Impaired loans with no related allowance:
 
 
 
 
 
Commercial and industrial loans
$
828

 
$
806

 
$
—

Agriculture production financing and other loans to farmers
679

 
679

 
—

Real estate Loans:
 
 
 
 
 
Construction
1,352

 
614

 
—

Commercial and farmland
11,176

 
8,994

 
—

Residential
118

 
100

 
—

Home equity
49

 
48

 
—

Public finance and other commercial loans
353

 
353

 
—

Total
$
14,555

 
$
11,594

 
$
—

Impaired loans with related allowance:
 
 
 
 
 
Real estate Loans:
 
 
 
 
 
Construction
$
7,978

 
$
7,977

 
$
1,429

Commercial and farmland
171

 
171

 
6

Residential
1,958

 
1,907

 
362

       Home equity
376


358


74

Individuals' loans for household and other personal expenditures
18


18


1

Total
$
10,501

 
$
10,431

 
$
1,872

Total Impaired Loans
$
25,056

 
$
22,025

 
$
1,872


 
Three Months Ended March 31, 2019

Three Months Ended March 31, 2018
 
Average
Recorded Investment

Interest
Income Recognized

Average
Recorded Investment

Interest
Income Recognized
Impaired loans with no related allowance:
 

 


 

 
Commercial and industrial loans
$
1,641


$
—


$
1,845


$
—

Agriculture production financing and other loans to farmers
799


—


640


—

Real estate Loans:







Construction
8,270


—


—


—

Commercial and farmland
8,999


39


14,450


48

Residential
38


1


759


6

Home equity
48


—


8


—

Individuals' loans for household and other personal expenditures
1


—


12


—

Public finance and other commercial loans
353


—


—


—

Total
$
20,149


$
40


$
17,714


$
54

Impaired loans with related allowance:


 

 

 
Commercial and industrial loans
$
—


$
—


$
465


$
—

Agriculture production financing and other loans to farmers
2,150


—


—


—

Real estate Loans:







Construction
—


—


1,352


—

Commercial and farmland
171


—


767


—

Residential
1,884


15


1,709


12

Home equity
356


3


305


2

Individuals' loans for household and other personal expenditures
15


—


—


—

Total
$
4,576


$
18


$
4,598


$
14

Total Impaired Loans
$
24,725


$
58


$
22,312


$
68

 
 
 
 
 
 
 
 
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-days or more 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, 2019
 
Commercial
Pass

Commercial
Special
Mention

Commercial Substandard

Commercial
Doubtful

Commercial Loss

Consumer Performing

Consumer
Non-Performing

Total
Commercial and industrial loans
$
1,692,964


$
59,119


$
36,545


$
—


$
—


$
—


$
—


$
1,788,628

Agriculture production financing and other loans to farmers
64,022


6,304


10,031


—


—


—


—


80,357

Real estate Loans:














 
Construction
507,086


949


9,063


—


—


25,403


—


542,501

Commercial and farmland
2,640,736


96,353


99,363


—


—


2,346


—


2,838,798

Residential
167,197


4,747


2,992


—


—


797,420


4,312


976,668

Home equity
24,534


489


402


—


—


508,969


1,814


536,208

Individuals' loans for household and other personal expenditures
—


—


—


—


—


108,186


30


108,216

Public finance and other commercial loans
427,591


—


353


—


—


—


—


427,944

Loans
$
5,524,130


$
167,961


$
158,749


$
—


$
—


$
1,442,324


$
6,156


$
7,299,320


 
December 31, 2018
 
Commercial
Pass

Commercial
Special
Mention

Commercial Substandard

Commercial
Doubtful

Commercial Loss

Consumer Performing

Consumer
Non-Performing

Total
Commercial and industrial loans
$
1,660,879


$
23,246


$
42,539


$
—


$
—


$
—


$
—


$
1,726,664

Agriculture production financing and other loans to farmers
78,446


5,966


7,992


—


—


—


—


92,404

Real estate Loans:


 







 

 

 
Construction
492,358


2,185


24,224


—


—


25,419


1,543


545,729

Commercial and farmland
2,669,491


76,037


84,288


—


—


2,285


1


2,832,102

Residential
170,075


7,373


2,076


—


—


782,080


4,817


966,421

Home equity
24,653


535


457


—


—


500,996


1,516


528,157

Individuals' loans for household and other personal expenditures
—


—


—


—


—


99,741


47


99,788

Public finance and other commercial loans
432,849


—


353


—


—


—


—


433,202

Loans
$
5,528,751


$
115,342


$
161,929


$
—


$
—


$
1,410,521


$
7,924


$
7,224,467
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, 2019, and December 31, 2018:
 
March 31, 2019
 
Current

30-59 Days
Past Due

60-89 Days
Past Due

Loans 90 Days or More Past Due And Accruing

Non-Accrual

Total Past Due
& Non-Accrual

Total
Commercial and industrial loans
$
1,784,771


$
977


$
382


$
—


$
2,498


$
3,857


$
1,788,628

Agriculture production financing and other loans to farmers
77,435


12


—


—


2,910


2,922


80,357

Real estate loans:










 


Construction
534,904


64


—


—


7,533


7,597


542,501

Commercial and farmland
2,818,380


12,095


—


122


8,201


20,418


2,838,798

Residential
965,990


5,666


539


—


4,473


10,678


976,668

Home equity
531,874


1,646


725


—


1,963


4,334


536,208

Individuals' loans for household and other personal expenditures
107,792


324


70


12


18


424


108,216

Public finance and other commercial loans
427,462


129


—


—


353


482


427,944

Loans
$
7,248,608


$
20,913


$
1,716


$
134


$
27,949


$
50,712


$
7,299,320


 
December 31, 2018
 
Current

30-59 Days
Past Due

60-89 Days
Past Due

Loans 90 Days or More Past Due And Accruing

Non-Accrual

Total Past Due
& Non-Accrual

Total
Commercial and industrial loans
$
1,723,337


$
1,093


$
182


$
249


$
1,803


$
3,327


$
1,726,664

Agriculture production financing and other loans to farmers
89,440


2,285


—


—


679


2,964


92,404

Real estate loans:
 

 

 

 

 



 
Construction
535,520


64


—


1,478


8,667


10,209


545,729

Commercial and farmland
2,822,515


1,253


178


—


8,156


9,587


2,832,102

Residential
959,252


1,756


430


17


4,966


7,169


966,421

Home equity
524,198


2,164


207


107


1,481


3,959


528,157

Individuals' loans for household and other personal expenditures
99,499


179


64


4


42


289


99,788

Public finance and other commercial loans
432,848


—


—


—


354


354


433,202

Loans
$
7,186,609


$
8,794


$
1,061


$
1,855


$
26,148


$
37,858


$
7,224,467
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 March 31, 2019

Pre-Modification
Recorded Balance

Post-Modification
Recorded Balance

Number
of Loans
Real estate loans:
 

 

 
Residential
$
90


$
90


1

Total
$
90


$
90


1


Three Months Ended March 31, 2018

Pre-Modification
Recorded Balance

Post-Modification
Recorded Balance

Number
of Loans
Real estate loans:
 
 
 
 
 
Residential
$
214

 
$
222

 
5

Home equity
16

 
16

 
2

Individuals' loans for household and other personal expenditures
7

 
8

 
1

Total
$
237

 
$
246

 
8



The following tables summarize the recorded investment of troubled debt restructures as of March 31, 2019 and 2018, by modification type, that occurred during the periods indicated:

Three Months Ended March 31, 2019

Term
Modification

Rate
Modification

Combination

Total
Modification
Real estate loans:
 

 

 


Residential
$
—


$
90


$
—


$
90

Total
$
—


$
90


$
—


$
90

 
 
 
 
 
 
 
 

Three Months Ended March 31, 2018

Term
Modification

Rate
Modification

Combination

Total
Modification
Real estate loans:
 

 

 


Residential
$
38


$
74


$
106


$
218

Home equity
16


10


—


26

Individuals loans for household and other personal expenditures
—


7


—


7

Total
$
54


$
91


$
106


$
251


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

Three Months Ended March 31, 2019

Number of Loans

Recorded Balance
Real estate loans:
 

 
Residential
1


$
63

Total
1


$
63


Three Months Ended March 31, 2018

Number of Loans

Recorded Balance
Real estate loans:
 

 
Commercial and farmland
1

$
324

Residential
3

108

Total
4

$
432