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Loans and Allowance (Tables)
 3 Months Ended
Mar. 31, 2020
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:

March 31, 2020

December 31, 2019
Commercial and industrial loans
$
2,199,226


$
2,109,879

Agricultural production financing and other loans to farmers
87,421


93,861

Real estate loans:



Construction
643,674


787,568

Commercial and farmland
3,268,168


3,052,698

Residential
1,121,556


1,143,217

Home equity
570,398


588,984

Individuals' loans for household and other personal expenditures
129,765


135,989

Public finance and other commercial loans
586,641


547,114

  Loans
8,606,849


8,459,310

Allowance for loan losses
(99,454
)

(80,284
)
             Net Loans
$
8,507,395


$
8,379,026
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 ended March 31, 2020 and March 31, 2019:
 
Three Months Ended March 31, 2020
 
Commercial

Commercial
Real Estate

Consumer

Residential

Total
Allowance for loan losses:
 

 

 

 

 
Balances, December 31, 2019
$
32,902


$
28,778


$
4,035


$
14,569


$
80,284

Provision for losses
5,701


9,194


1,924


2,933


19,752

Recoveries on loans
443


118


42


70


673

Loans charged off
(615
)

(183
)

(249
)

(208
)

(1,255
)
Balances, March 31, 2020
$
38,431


$
37,907


$
5,752


$
17,364


$
99,454

 
 
 
 
 
 
 
 
 
 

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

 
 
 
 
 
 
 
 
 
 
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.
 
March 31, 2020
 
Commercial

Commercial
Real Estate

Consumer

Residential

Total
Allowance Balances:
 

 

 

 

 
Individually evaluated for impairment
$
—


$
150


$
—


$
466


$
616

Collectively evaluated for impairment
38,431


37,757


5,752


16,898


98,838

Total Allowance for Loan Losses
$
38,431


$
37,907


$
5,752


$
17,364


$
99,454

Loan Balances:








 
Individually evaluated for impairment
$
905


$
9,282


$
3


$
2,623


$
12,813

Collectively evaluated for impairment
2,870,855


3,895,221


129,762


1,687,612


8,583,450

Loans acquired with deteriorated credit quality
1,528


7,339


—


1,719


10,586

Loans
$
2,873,288


$
3,911,842


$
129,765


$
1,691,954


$
8,606,849

 
December 31, 2019
 
Commercial

Commercial
Real Estate

Consumer

Residential

Total
Allowance Balances:
 

 

 

 

 
Individually evaluated for impairment
$
—


$
231


$
—


$
458


$
689

Collectively evaluated for impairment
32,902


28,547


4,035


14,111


79,595

Total Allowance for Loan Losses
$
32,902


$
28,778


$
4,035


$
14,569


$
80,284

Loan Balances:
 

 

 

 

 
Individually evaluated for impairment
$
457


$
8,728


$
4


$
2,520


$
11,709

Collectively evaluated for impairment
2,748,681


3,821,660


135,985


1,727,966


8,434,292

Loans acquired with deteriorated credit quality
1,716


9,878


—


1,715


13,309

Loans
$
2,750,854


$
3,840,266


$
135,989


$
1,732,201


$
8,459,310
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:

March 31, 2020

December 31, 2019
Commercial and industrial loans
$
1,759


$
1,255

Agriculture production financing and other loans to farmers
—


183

Real estate loans:


 
Construction
1,094


977

Commercial and farmland
6,995


7,007

Residential
4,332


5,062

Home equity
1,409


1,421

Individuals' loans for household and other personal expenditures
60


44

Total
$
15,649


$
15,949
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:
 
March 31, 2020
 
Unpaid
Principal
Balance

Recorded
Investment

Related
Allowance
Impaired loans with no related allowance:
 

 


Commercial and industrial loans
$
905


$
905


$
—

Real estate Loans:





Construction
1,206


970


—

Commercial and farmland
8,160


6,403


—

Residential
76


59


—

Individuals' loans for household and other personal expenditures
3


3


—

Total
$
10,350


$
8,340


$
—

Impaired loans with related allowance:


 


Real estate Loans:





Commercial and farmland
2,649


1,909


150

Residential
2,198


2,173


393

Home equity
407

 
391


73

Total
$
5,254


$
4,473


$
616

Total Impaired Loans
$
15,604


$
12,813


$
616

 
December 31, 2019
 
Unpaid
Principal
Balance
 
Recorded
Investment
 
Related
Allowance
Impaired loans with no related allowance:
 
 
 
 
 
Commercial and industrial loans
$
320

 
$
320

 
$
—

Agriculture production financing and other loans to farmers
299

 
137

 
—

Real estate Loans:
 
 
 
 
 
Construction
1,206

 
970

 
—

Commercial and farmland
8,037

 
5,849

 
—

Residential
93

 
76

 
—

Total
$
9,955

 
$
7,352

 
$
—

Impaired loans with related allowance:
 
 
 
 
 
Real estate Loans:
 
 
 
 
 
Commercial and farmland
2,648

 
1,909

 
231

Residential
2,070

 
2,044

 
383

       Home equity
417


400


75

Individuals' loans for household and other personal expenditures
4


4


—

Total
$
5,139

 
$
4,357

 
$
689

Total Impaired Loans
$
15,094

 
$
11,709

 
$
689

 
Three Months Ended March 31, 2020
 
Average
Recorded Investment

Interest
Income Recognized
Impaired loans with no related allowance:
 

 

Commercial and industrial loans
$
905


$
—

Real estate Loans:



Construction
1,015


—

Commercial and farmland
6,852


37

Residential
59


1

Individuals' loans for household and other personal expenditures
3


—

Total
$
8,834


$
38

Impaired loans with related allowance:


 
Real estate Loans:



Commercial and farmland
2,400


—

Residential
2,180


19

Home equity
393


3

Total
$
4,973


$
22

Total Impaired Loans
$
13,807


$
60


 
Three Months Ended March 31, 2019
 
Average
Recorded Investment

Interest
Income Recognized
Impaired loans with no related allowance:
 

 

Commercial and industrial loans
$
1,641


$
—

Agriculture production financing and other loans to farmers
799


—

Real estate Loans:



Construction
8,270


—

Commercial and farmland
8,999


39

Residential
38


1

Home equity
48


—

Individuals' loans for household and other personal expenditures
1


—

Public finance and other commercial loans
353


—

Total
$
20,149


$
40

Impaired loans with related allowance:



Agriculture production financing and other loans to farmers
2,150


—

Real estate Loans:



Commercial and farmland
171


—

Residential
1,884


15

Home equity
356


3

Public finance and other commercial loans
15


—

Total
$
4,576


$
18

Total Impaired Loans
$
24,725


$
58
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.
 
March 31, 2020
 
Commercial
Pass

Commercial
Special
Mention

Commercial Substandard

Commercial
Doubtful

Commercial Loss

Consumer Performing

Consumer
Non-Performing

Total
Commercial and industrial loans
$
2,024,943


$
93,686


$
80,597


$
—


$
—


$
—


$
—


$
2,199,226

Agriculture production financing and other loans to farmers
70,365


5,962


11,094


—


—


—


—


87,421

Real estate Loans:














 
Construction
591,599


20,043


1,466


—


—


30,449


117


643,674

Commercial and farmland
3,120,084


49,714


96,451


—


—


1,919


—


3,268,168

Residential
200,792


395


6,439


—


—


909,813


4,117


1,121,556

Home equity
24,273


405


794


—


—


543,579


1,347


570,398

Individuals' loans for household and other personal expenditures
—


—


—


—


—


129,705


60


129,765

Public finance and other commercial loans
586,207


434


—


—


—


—


—


586,641

Loans
$
6,618,263


$
170,639


$
196,841


$
—


$
—


$
1,615,465


$
5,641


$
8,606,849


 
December 31, 2019
 
Commercial
Pass

Commercial
Special
Mention

Commercial Substandard

Commercial
Doubtful

Commercial Loss

Consumer Performing

Consumer
Non-Performing

Total
Commercial and industrial loans
$
1,956,985


$
81,179


$
71,715


$
—


$
—


$
—


$
—


$
2,109,879

Agriculture production financing and other loans to farmers
78,558


5,626


9,677


—


—


—


—


93,861

Real estate Loans:


 







 

 

 
Construction
749,249


1,613


1,634


—


—


35,072


—


787,568

Commercial and farmland
2,894,366


57,776


98,575


—


—


1,981


—


3,052,698

Residential
196,710


877


8,075


—


—


932,743


4,812


1,143,217

Home equity
24,211


257


682


—


—


562,507


1,327


588,984

Individuals' loans for household and other personal expenditures
—


—


—


—


—


135,944


45


135,989

Public finance and other commercial loans
547,114


—


—


—


—


—


—


547,114

Loans
$
6,447,193


$
147,328


$
190,358


$
—


$
—


$
1,668,247


$
6,184


$
8,459,310
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 March 31, 2020, and December 31, 2019:
 
March 31, 2020
 
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
$
2,175,423


$
21,717


$
119


$
208


$
1,759


$
23,803


$
2,199,226

Agriculture production financing and other loans to farmers
86,566


855


—


—


—


855


87,421

Real estate loans:










 


Construction
622,171


19,542


867


—


1,094


21,503


643,674

Commercial and farmland
3,204,303


51,516


5,354


—


6,995


63,865


3,268,168

Residential
1,112,523


4,536


133


32


4,332


9,033


1,121,556

Home equity
566,018


2,191


708


72


1,409


4,380


570,398

Individuals' loans for household and other personal expenditures
129,330


320


55


—


60


435


129,765

Public finance and other commercial loans
586,641


—


—


—


—


—


586,641

Loans
$
8,482,975


$
100,677


$
7,236


$
312


$
15,649


$
123,874


$
8,606,849

 
December 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
$
2,105,445


$
3,039


$
136


$
4


$
1,255


$
4,434


$
2,109,879

Agriculture production financing and other loans to farmers
93,678


—


—


—


183


183


93,861

Real estate loans:
 

 

 

 





 
Construction
784,961


1,630


—


—


977


2,607


787,568

Commercial and farmland
3,043,318


2,324


49


—


7,007


9,380


3,052,698

Residential
1,133,476


4,290


367


22


5,062


9,741


1,143,217

Home equity
584,023


2,960


538


42


1,421


4,961


588,984

Individuals' loans for household and other personal expenditures
135,399


440


105


1


44


590


135,989

Public finance and other commercial loans
547,114


—


—


—


—


—


547,114

Loans
$
8,427,414


$
14,683


$
1,195


$
69


$
15,949


$
31,896


$
8,459,310
Schedules of troubled debt restructurings
 
 
 
 
 
 
 
 
 
 
 
 
No troubled debt restructures in the Corporation's loan portfolio occurred in the three months ended March 31, 2020. 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


 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
No troubled debt restructures occurred in the period ended March 31, 2020. The following table summarizes the recorded investment of troubled restructures as of March 31, 2019 by modification type, that occurred during the period indicated:

Three Months Ended March 31, 2019

Term
Modification

Rate
Modification

Combination

Total
Modification
Real estate loans:
 

 

 


Residential
$
—


$
90


$
—


$
90

Total
$
—


$
90


$
—


$
90


 
 
 
 
 
 
 
 
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 March 31, 2020

Number of Loans

Recorded Balance
Real estate loans:
 

 
Residential
1


$
22

Total
1


$
22


Three Months Ended March 31, 2019

Number of Loans

Recorded Balance
Real estate loans:
 

 
Residential
1
 
$
63

Total
1
 
$
63