XML 43 R29.htm IDEA: XBRL DOCUMENT v3.19.3
Loans and Allowance (Tables)
 9 Months Ended
Sep. 30, 2019
Receivables [Abstract]  
Schedule of 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:

September 30, 2019

December 31, 2018
Commercial and industrial loans
$
2,034,311


$
1,726,664

Agricultural production financing and other loans to farmers
90,462


92,404

Real estate loans:



Construction
670,138


545,729

Commercial and farmland
3,144,649


2,832,102

Residential
1,155,403


966,421

Home equity
601,335


528,157

Individuals' loans for household and other personal expenditures
131,246


99,788

Public finance and other commercial loans
471,716


433,202

  Loans
8,299,260


7,224,467

Allowance for loan losses
(80,571
)

(80,552
)
             Net Loans
$
8,218,689


$
7,143,915
Schedule of changes in allowance for loan losses
The following tables summarize changes in the allowance for loan losses by loan segment for the three and nine months ended September 30, 2019 and September 30, 2018:
 
Three Months Ended September 30, 2019
 
Commercial

Commercial
Real Estate

Consumer

Residential

Total
Allowance for loan losses:
 

 

 

 

 
Balances, June 30, 2019
$
33,202


$
29,531


$
4,070


$
14,471


$
81,274

Provision for losses
130


370


40


60


600

Recoveries on loans
149


143


105


199


596

Loans charged off
(480
)

(1,078
)

(109
)

(232
)

(1,899
)
Balances, September 30, 2019
$
33,001


$
28,966


$
4,106


$
14,498


$
80,571


Nine Months Ended September 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
466


1,459


181


194


2,300

Recoveries on loans
1,035


1,166


323


511


3,035

Loans charged off
(1,157
)

(3,268
)

(362
)

(529
)

(5,316
)
Balances, September 30, 2019
$
33,001


$
28,966


$
4,106


$
14,498


$
80,571



Three Months Ended September 30, 2018
 
Commercial

Commercial
Real Estate

Consumer

Residential

Total
Allowance for loan losses:
 

 

 

 

 
Balances, June 30, 2018
$
31,467


$
27,731


$
3,921


$
14,424


$
77,543

Provision for losses
256


410


159


575


1,400

Recoveries on loans
658


306


46


165


1,175

Loans charged off
(313
)

(501
)

(194
)

(704
)

(1,712
)
Balances, September 30, 2018
$
32,068


$
27,946


$
3,932


$
14,460


$
78,406

 
Nine Months Ended September 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
1,567


1,448


493


2,055


5,563

Recoveries on loans
2,060


1,858


233


915


5,066

Loans charged off
(1,979
)

(2,703
)

(526
)

(2,047
)

(7,255
)
Balances, September 30, 2018
$
32,068


$
27,946


$
3,932


$
14,460


$
78,406
Schedule of 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.
 
September 30, 2019
 
Commercial

Commercial
Real Estate

Consumer

Residential

Total
Allowance Balances:
 

 

 

 

 
Individually evaluated for impairment
$
1,680


$
124


$
—


$
457


$
2,261

Collectively evaluated for impairment
31,321


28,842


4,106


14,041


78,310

Total Allowance for Loan Losses
$
33,001


$
28,966


$
4,106


$
14,498


$
80,571

Loan Balances:








 
Individually evaluated for impairment
$
4,310


$
9,371


$
4


$
2,589


$
16,274

Collectively evaluated for impairment
2,590,318


3,792,239


131,242


1,752,443


8,266,242

Loans acquired with deteriorated credit quality
1,861


13,177


—


1,706


16,744

Loans
$
2,596,489


$
3,814,787


$
131,246


$
1,756,738


$
8,299,260


 
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
Schedule 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:

September 30, 2019

December 31, 2018
Commercial and industrial loans
$
2,065


$
1,803

Agriculture production financing and other loans to farmers
3,150


679

Real estate loans:


 
Construction
1,027


8,667

Commercial and farmland
9,265


8,156

Residential
5,381


4,966

Home equity
1,737


1,481

Individuals' loans for household and other personal expenditures
103


42

Public finance and other commercial loans
—


354

Total
$
22,728


$
26,148
Schedule of 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:
 
September 30, 2019
 
Unpaid
Principal
Balance

Recorded
Investment

Related
Allowance
Impaired loans with no related allowance:
 

 


Commercial and industrial loans
$
897


$
877


$
—

Agriculture production financing and other loans to farmers
1,023


1,012


—

Real estate Loans:





Commercial and farmland
10,118


8,047


—

Residential
207


189


—

Total
$
12,245


$
10,125


$
—

Impaired loans with related allowance:


 


Commercial and industrial loans
$
563


$
329


$
329

Agriculture production financing and other loans to farmers
2,144


2,092


1,351

Real estate Loans:





Commercial and farmland
2,061


1,324


124

Residential
2,079


2,055


389

Home equity
362

 
345


68

Individuals' loans for household and other personal expenditures
4

 
4


—

Total
$
7,213


$
6,149


$
2,261

Total Impaired Loans
$
19,458


$
16,274


$
2,261


 
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 September 30, 2019

Nine Months Ended September 30, 2019
 
Average
Recorded Investment

Interest
Income Recognized

Average
Recorded Investment

Interest
Income Recognized
Impaired loans with no related allowance:
 

 


 

 
Commercial and industrial loans
$
877


$
—


$
881


$
—

Agriculture production financing and other loans to farmers
1,012


—


1,014


—

Real estate Loans:







Construction
—


—


339


—

Commercial and farmland
8,075


39


8,651


117

Residential
189


—


190


2

Total
$
10,153


$
39


$
11,075


$
119

Impaired loans with related allowance:


 

 

 
Commercial and industrial loans
$
329


$
—


$
329


$
—

Agriculture production financing and other loans to farmers
2,100


—


2,123


—

Real estate Loans:







Commercial and farmland
1,324


—


1,324


—

Residential
2,072


15


2,095


47

Home equity
346


3


350


9

Individuals' loans for household and other personal expenditures
4


—


5


—

Total
$
6,175


$
18


$
6,226


$
56

Total Impaired Loans
$
16,328


$
57


$
17,301


$
175


 
Three Months Ended September 30, 2018

Nine Months Ended September 30, 2018
 
Average
Recorded Investment

Interest
Income Recognized

Average
Recorded Investment

Interest
Income Recognized
Impaired loans with no related allowance:
 

 


 

 
Commercial and industrial loans
$
979


$
—


$
994


$
—

Agriculture production financing and other loans to farmers
640


—


640


—

Real estate Loans:







Construction
614


—


930


—

Commercial and farmland
12,098


40


12,733


128

Residential
62


1


63


2

Individuals' loans for household and other personal expenditures
9


—


10


—

Total
$
14,402


$
41


$
15,370


$
130

Impaired loans with related allowance:







Real estate Loans:







Residential
1,797


13


1,812


37

Home equity
364


3


367


8

Total
$
2,161


$
16


$
2,179


$
45

Total Impaired Loans
$
16,563


$
57


$
17,549


$
175
Schedule of 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.
 
September 30, 2019
 
Commercial
Pass

Commercial
Special
Mention

Commercial Substandard

Commercial
Doubtful

Commercial Loss

Consumer Performing

Consumer
Non-Performing

Total
Commercial and industrial loans
$
1,923,043


$
62,219


$
48,719


$
329


$
1


$
—


$
—


$
2,034,311

Agriculture production financing and other loans to farmers
70,715


5,681


13,867


—


—


199


—


90,462

Real estate Loans:














 
Construction
638,040


288


1,818


—


—


29,992


—


670,138

Commercial and farmland
2,963,113


73,429


101,025


—


—


7,082


—


3,144,649

Residential
198,986


3,492


7,195


—


—


940,613


5,117


1,155,403

Home equity
30,813


121


872


—


—


567,865


1,664


601,335

Individuals' loans for household and other personal expenditures
—


—


—


—


—


131,143


103


131,246

Public finance and other commercial loans
471,716


—


—


—


—


—


—


471,716

Loans
$
6,296,426


$
145,230


$
173,496


$
329


$
1


$
1,676,894


$
6,884


$
8,299,260


 
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
Schedule of 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 September 30, 2019, and December 31, 2018:
 
September 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
$
2,026,547


$
5,468


$
231


$
—


$
2,065


$
7,764


$
2,034,311

Agriculture production financing and other loans to farmers
87,274


—


38


—


3,150


3,188


90,462

Real estate loans:










 


Construction
669,111


—


—


—


1,027


1,027


670,138

Commercial and farmland
3,132,460


2,219


705


—


9,265


12,189


3,144,649

Residential
1,145,240


4,238


526


18


5,381


10,163


1,155,403

Home equity
596,472


2,547


515


64


1,737


4,863


601,335

Individuals' loans for household and other personal expenditures
130,641


319


183


—


103


605


131,246

Public finance and other commercial loans
471,716


—


—


—


—


—


471,716

Loans
$
8,259,461


$
14,791


$
2,198


$
82


$
22,728


$
39,799


$
8,299,260


 
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 September 30, 2019

Nine Months Ended September 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
$
195


$
185


3


$
456


$
439


8

Total
$
195


$
185


3


$
456


$
439


8


Three Months Ended September 30, 2018

Nine Months Ended September 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
$
154

 
$
140

 
4


$
490


$
487


11

Home equity
65

 
65

 
1

 
81

 
81

 
3

Individuals' loans for household and other personal expenditures
—

 
—

 
—


7


8


1

Total
$
219

 
$
205

 
5


$
578


$
576


15




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

Three Months Ended September 30, 2019

Term
Modification

Rate
Modification

Combination

Total
Modification
Real estate loans:
 

 

 


Residential
$
—


$
—


$
184


$
184

Total
$
—


$
—


$
184


$
184


Nine Months Ended September 30, 2019

Term
Modification

Rate
Modification

Combination

Total
Modification
Real estate loans:
 

 

 


Residential
$
—


$
88


$
345


$
433

Total
$
—


$
88


$
345


$
433



Three Months Ended September 30, 2018

Term
Modification

Rate
Modification

Combination

Total
Modification
Real estate loans:
 

 

 


Residential
$
—


$
47


$
93


$
140

Home equity
—


65


—


65

Total
$
—


$
112


$
93


$
205



Nine Months Ended September 30, 2018

Term
Modification

Rate
Modification

Combination

Total
Modification
Real estate loans:


 

 

 
Residential
$
—


$
208


$
239


$
447

Home equity
77


76


—


153

Individuals' loans for household and other personal expenditures
—


6


—


6

Total
$
77


$
290


$
239


$
606
Schedule of troubled debt restructurings that subsequently defaulted A loan is considered in default if it is 30-days or more past due.

Three Months Ended September 30, 2019

Nine Months Ended September 30, 2019

Number of Loans

Recorded Balance

Number of Loans

Recorded Balance
Real estate loans:
 

 

 

 
Commercial and farmland
1


$
85


1


$
85

Total
1


$
85


1


$
85


Three Months Ended September 30, 2018

Nine Months Ended September 30, 2018

Number of Loans

Recorded Balance

Number of Loans

Recorded Balance
Real estate loans:
 

 

 


 
Commercial and farmland
1

 
$
262


1


$
262

Residential
2

 
83


4


152

Individuals' loans for household and other personal expenditures
1

 
11

 
1


11

Total
4

 
$
356


6


$
425