XML 37 R27.htm IDEA: XBRL DOCUMENT v3.19.2
Loans and Allowance (Tables)
 6 Months Ended
Jun. 30, 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:

June 30, 2019

December 31, 2018
Commercial and industrial loans
$
1,877,042


$
1,726,664

Agricultural production financing and other loans to farmers
83,452


92,404

Real estate loans:



Construction
624,548


545,729

Commercial and farmland
2,821,689


2,832,102

Residential
993,802


966,421

Home equity
548,006


528,157

Individuals' loans for household and other personal expenditures
98,384


99,788

Public finance and other commercial loans
464,447


433,202

  Loans
$
7,511,370


$
7,224,467

Allowance for loan losses
(81,274
)

(80,552
)
             Net Loans
$
7,430,096


$
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 and six months ended June 30, 2019 and June 30, 2018:
 
Three Months Ended June 30, 2019
 
Commercial

Commercial
Real Estate

Consumer

Residential

Total
Allowance for loan losses:
 

 

 

 

 
Balances, March 31, 2019
$
33,069


$
29,434


$
4,026


$
14,373


$
80,902

Provision for losses
100


320


36


44


500

Recoveries on loans
344


778


100


212


1,434

Loans charged off
(311
)

(1,001
)

(92
)

(158
)

(1,562
)
Balances, June 30, 2019
$
33,202


$
29,531


$
4,070


$
14,471


$
81,274


Six Months Ended June 30, 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
336


1,089


141


134


1,700

Recoveries on loans
886


1,023


218


312


2,439

Loans charged off
(677
)

(2,190
)

(253
)

(297
)

(3,417
)
Balances, June 30, 2019
$
33,202


$
29,531


$
4,070


$
14,471


$
81,274



Three Months Ended June 30, 2018
 
Commercial

Commercial
Real Estate

Consumer

Residential

Total
Allowance for loan losses:
 

 

 

 

 
Balances, March 31, 2018
$
30,770


$
27,705


$
3,896


$
14,049


$
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
$
31,467


$
27,731


$
3,921


$
14,424


$
77,543

 
Six Months Ended June 30, 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
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
$
31,467


$
27,731


$
3,921


$
14,424


$
77,543
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.
 
June 30, 2019
 
Commercial

Commercial
Real Estate

Consumer

Residential

Total
Allowance Balances:
 

 

 

 

 
Individually evaluated for impairment
$
1,849


$
14


$
1


$
432


$
2,296

Collectively evaluated for impairment
31,353


29,517


4,069


14,039


78,978

Total Allowance for Loan Losses
$
33,202


$
29,531


$
4,070


$
14,471


$
81,274

Loan Balances:








 
Individually evaluated for impairment
$
5,090


$
14,419


$
14


$
2,450


$
21,973

Collectively evaluated for impairment
2,418,481


3,419,930


98,370


1,538,533


7,475,314

Loans acquired with deteriorated credit quality
1,370


11,888


—


825


14,083

Loans
$
2,424,941


$
3,446,237


$
98,384


$
1,541,808


$
7,511,370


 
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:

June 30, 2019

December 31, 2018
Commercial and industrial loans
$
2,770


$
1,803

Agriculture production financing and other loans to farmers
2,785


679

Real estate loans:


 
Construction
6,918


8,667

Commercial and farmland
6,340


8,156

Residential
4,579


4,966

Home equity
1,826


1,481

Individuals' loans for household and other personal expenditures
64


42

Public finance and other commercial loans
353


354

Total
$
25,635


$
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:
 
June 30, 2019
 
Unpaid
Principal
Balance

Recorded
Investment

Related
Allowance
Impaired loans with no related allowance:
 

 


Commercial and industrial loans
$
1,048


$
1,012


$
—

Agriculture production financing and other loans to farmers
679


668


—

Real estate Loans:





Construction
7,978


6,909


—

Commercial and farmland
10,160


7,381


—

Residential
117


99


—

Home equity
49


49


—

Public finance and other commercial loans
353


353


—

Total
$
20,384


$
16,471


$
—

Impaired loans with related allowance:
 

 


Commercial and industrial loans
$
1,185


$
940


$
455

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


$
2,117


$
1,394

Real estate Loans:





Commercial and farmland
134


129


14

Residential
1,976


1,953


362

Home equity
366

 
349


70

Individuals' loans for household and other personal expenditures
14

 
14


1

Total
$
5,842


$
5,502


$
2,296

Total Impaired Loans
$
26,226


$
21,973


$
2,296


 
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 June 30, 2019

Six Months Ended June 30, 2019
 
Average
Recorded Investment

Interest
Income Recognized

Average
Recorded Investment

Interest
Income Recognized
Impaired loans with no related allowance:
 

 


 

 
Commercial and industrial loans
$
1,013


$
—


$
1,021


$
—

Agriculture production financing and other loans to farmers
668


—


672


—

Real estate Loans:







Construction
7,314


—


7,792


—

Commercial and farmland
7,998


39


8,187


78

Residential
38


1


38


2

Home equity
49


—


49


—

Public finance and other commercial loans
353


—


353


—

Total
$
17,433


$
40


$
18,112


$
80

Impaired loans with related allowance:


 

 

 
Commercial and industrial loans
$
940


$
—


$
940


$
—

Agriculture production financing and other loans to farmers
2,117


—


2,134


—

Real estate Loans:







Commercial and farmland
157


—


164


—

Residential
2,021


16


2,029


32

Home equity
351


3


352


6

Individuals' loans for household and other personal expenditures
14


—


15


—

Total
$
5,600


$
19


$
5,634


$
38

Total Impaired Loans
$
23,033


$
59


$
23,746


$
118


 
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


—

Public finance and other commercial loans
—


—


—


—

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
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.
 
June 30, 2019
 
Commercial
Pass

Commercial
Special
Mention

Commercial Substandard

Commercial
Doubtful

Commercial Loss

Consumer Performing

Consumer
Non-Performing

Total
Commercial and industrial loans
$
1,781,040


$
53,407


$
42,266


$
329


$
—


$
—


$
—


$
1,877,042

Agriculture production financing and other loans to farmers
67,837


5,478


10,137


—


—


—


—


83,452

Real estate Loans:














 
Construction
591,962


1,444


7,712


—


—


23,430





624,548

Commercial and farmland
2,645,338


79,586


94,179


450


—


2,136


—


2,821,689

Residential
156,622


5,833


3,425


—


—


823,309


4,613


993,802

Home equity
27,324


585


758


—


—


517,620


1,719


548,006

Individuals' loans for household and other personal expenditures
—


—


—


—


—


98,320


64


98,384

Public finance and other commercial loans
464,094


—


353


—


—


—


—


464,447

Loans
$
5,734,217


$
146,333


$
158,830


$
779


$
—


$
1,464,815


$
6,396


$
7,511,370


 
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 June 30, 2019, and December 31, 2018:
 
June 30, 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
$
1,874,004


$
248


$
20


$
—


$
2,770


$
3,038


$
1,877,042

Agriculture production financing and other loans to farmers
80,634


33


—


—


2,785


2,818


83,452

Real estate loans:










 


Construction
617,519


111


—


—


6,918


7,029


624,548

Commercial and farmland
2,808,422


6,751


176


—


6,340


13,267


2,821,689

Residential
984,086


4,540


422


175


4,579


9,716


993,802

Home equity
544,338


1,308


500


34


1,826


3,668


548,006

Individuals' loans for household and other personal expenditures
97,826


407


87


—


64


558


98,384

Public finance and other commercial loans
464,094


—


—


—


353


353


464,447

Loans
$
7,470,923


$
13,398


$
1,205


$
209


$
25,635


$
40,447


$
7,511,370


 
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 June 30, 2019

Six Months Ended June 30, 2019

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
$
171


$
164


4


$
261


$
254


5

Total
$
171


$
164


4


$
261


$
254


5


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




The following tables summarize the recorded investment of troubled debt restructures as of June 30, 2019 and 2018, by modification type, that occurred during the periods indicated:

Three Months Ended June 30, 2019

Term
Modification

Rate
Modification

Combination

Total
Modification
Real estate loans:
 

 

 


Residential
$
—


$
—


$
164


$
164

Total
$
—


$
—


$
164


$
164


Six Months Ended June 30, 2019

Term
Modification

Rate
Modification

Combination

Total
Modification
Real estate loans:
 

 

 


Residential
$
—


$
89


$
164


$
253

Total
$
—


$
89


$
164


$
253



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

Three Months Ended June 30, 2019

Six Months Ended June 30, 2019

Number of Loans

Recorded Balance

Number of Loans

Recorded Balance
Real estate loans:
 

 

 

 
Residential
1


$
62


1


$
62

Total
1


$
62


1


$
62


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