| Allowance for Loan Losses |
Allowance for Loan Losses (In Thousands, Except Number of Loans) The following is a summary of non purchased and purchased loans and leases at December 31: | | | | | | | | | | 2019 | | 2018 | Commercial, financial, agricultural | $ | 1,367,972 |
| | $ | 1,295,912 |
| Lease financing | 85,700 |
| | 64,992 |
| Real estate – construction | 826,483 |
| | 740,668 |
| Real estate – 1-4 family mortgage | 2,866,613 |
| | 2,795,343 |
| Real estate – commercial mortgage | 4,244,265 |
| | 4,051,509 |
| Installment loans to individuals | 302,430 |
| | 137,832 |
| Gross loans | 9,693,463 |
| | 9,086,256 |
| Unearned income | (3,825 | ) | | (3,127 | ) | Loans, net of unearned income | 9,689,638 |
| | 9,083,129 |
| Allowance for loan losses | (52,162 | ) | | (49,026 | ) | Net loans | $ | 9,637,476 |
| | $ | 9,034,103 |
|
Allowance for Loan Losses The following table provides a roll-forward of the allowance for loan losses and a breakdown of the ending balance of the allowance based on the Company’s impairment methodology for the periods presented: | | | | | | | | | | | | | | | | | | | | | | | | | | Commercial | | Real Estate - Construction | | Real Estate - 1-4 Family Mortgage | | Real Estate - Commercial Mortgage | | Installment and Other(1) | | Total | Year Ended December 31, 2019 | | | | | | | | | | | | Allowance for loan losses: | | | | | | | | | | | | Beginning balance | $ | 8,269 |
| | $ | 4,755 |
| | $ | 10,139 |
| | $ | 24,492 |
| | $ | 1,371 |
| | $ | 49,026 |
| Charge-offs | (2,681 | ) | | — |
| | (1,602 | ) | | (1,490 | ) | | (7,705 | ) | | (13,478 | ) | Recoveries | 1,428 |
| | 21 |
| | 712 |
| | 689 |
| | 6,714 |
| | 9,564 |
| Net charge-offs | (1,253 | ) | | 21 |
| | (890 | ) | | (801 | ) | | (991 | ) | | (3,914 | ) | Provision for loan losses | 3,642 |
| | 253 |
| | 565 |
| | 1,299 |
| | 1,291 |
| | 7,050 |
| Ending balance | $ | 10,658 |
| | $ | 5,029 |
| | $ | 9,814 |
| | $ | 24,990 |
| | $ | 1,671 |
| | $ | 52,162 |
| Period-End Amount Allocated to: | | | | | | | | | | | | Individually evaluated for impairment | $ | 1,434 |
| | $ | 16 |
| | $ | 160 |
| | $ | 396 |
| | $ | 6 |
| | $ | 2,012 |
| Collectively evaluated for impairment | 8,932 |
| | 5,013 |
| | 9,363 |
| | 23,208 |
| | 1,663 |
| | 48,179 |
| Purchased with deteriorated credit quality | 292 |
| | — |
| | 291 |
| | 1,386 |
| | 2 |
| | 1,971 |
| Ending balance | $ | 10,658 |
| | $ | 5,029 |
| | $ | 9,814 |
| | $ | 24,990 |
| | $ | 1,671 |
| | $ | 52,162 |
| Year Ended December 31, 2018 | | | | | | | | | | | | Allowance for loan losses: | | | | | | | | | | | | Beginning balance | $ | 5,542 |
| | $ | 3,428 |
| | $ | 12,009 |
| | $ | 23,384 |
| | $ | 1,848 |
| | $ | 46,211 |
| Charge-offs | (2,415 | ) | | (51 | ) | | (2,023 | ) | | (1,197 | ) | | (742 | ) | | (6,428 | ) | Recoveries | 618 |
| | 13 |
| | 573 |
| | 1,108 |
| | 121 |
| | 2,433 |
| Net charge-offs | (1,797 | ) | | (38 | ) | | (1,450 | ) | | (89 | ) | | (621 | ) | | (3,995 | ) | Provision for loan losses | 4,524 |
| | 1,365 |
| | (420 | ) | | 1,197 |
| | 144 |
| | 6,810 |
| Ending balance | $ | 8,269 |
| | $ | 4,755 |
| | $ | 10,139 |
| | $ | 24,492 |
|
| $ | 1,371 |
| | $ | 49,026 |
| Period-End Amount Allocated to: | | | | | | | | | | | | Individually evaluated for impairment | $ | 336 |
| | $ | 68 |
| | $ | 79 |
| | $ | 1,027 |
| | $ | 4 |
| | $ | 1,514 |
| Collectively evaluated for impairment | 7,772 |
| | 4,687 |
| | 9,572 |
| | 21,564 |
| | 1,365 |
| | 44,960 |
| Purchased with deteriorated credit quality | 161 |
| | — |
| | 488 |
| | 1,901 |
| | 2 |
| | 2,552 |
| Ending balance | $ | 8,269 |
| | $ | 4,755 |
| | $ | 10,139 |
| | $ | 24,492 |
| | $ | 1,371 |
| | $ | 49,026 |
| Year Ended December 31, 2017 | | | | | | | | | | | | Allowance for loan losses: | | | | | | | | | | | | Beginning balance | $ | 5,486 |
| | $ | 2,380 |
| | $ | 14,294 |
| | $ | 19,059 |
| | $ | 1,518 |
| | $ | 42,737 |
| Charge-offs | (2,874 | ) | | — |
| | (1,713 | ) | | (1,791 | ) | | (630 | ) | | (7,008 | ) | Recoveries | 422 |
| | 105 |
| | 733 |
| | 1,565 |
| | 107 |
| | 2,932 |
| Net charge-offs | (2,452 | ) | | 105 |
| | (980 | ) | | (226 | ) | | (523 | ) | | (4,076 | ) | Provision for loan losses | 2,508 |
| | 943 |
| | (1,305 | ) | | 4,551 |
| | 853 |
| | 7,550 |
| Ending balance | $ | 5,542 |
| | $ | 3,428 |
| | $ | 12,009 |
| | $ | 23,384 |
| | $ | 1,848 |
| | $ | 46,211 |
| Period-End Amount Allocated to: | | | | | | | | | | | | Individually evaluated for impairment | $ | 190 |
| | $ | 4 |
| | $ | 606 |
| | $ | 1,867 |
| | $ | 7 |
| | $ | 2,674 |
| Collectively evaluated for impairment | 5,040 |
| | 3,424 |
| | 10,831 |
| | 20,625 |
| | 1,840 |
| | 41,760 |
| Purchased with deteriorated credit quality | 312 |
| | — |
| | 572 |
| | 892 |
| | 1 |
| | 1,777 |
| Ending balance | $ | 5,542 |
| | $ | 3,428 |
| | $ | 12,009 |
| | $ | 23,384 |
| | $ | 1,848 |
| | $ | 46,211 |
| | | | | | | | | | | | |
| | (1) | Includes lease financing receivables. |
The following table provides the recorded investment in loans, net of unearned income, based on the Company’s impairment methodology as of the dates presented: | | | | | | | | | | | | | | | | | | | | | | | | | | Commercial | | Real Estate - Construction | | Real Estate - 1-4 Family Mortgage | | Real Estate - Commercial Mortgage | | Installment and Other(1) | | Total | December 31, 2019 | | | | | | | | | | | | Individually evaluated for impairment | $ | 8,460 |
| | $ | 12,416 |
| | $ | 20,262 |
| | $ | 9,550 |
| | $ | 491 |
| | $ | 51,179 |
| Collectively evaluated for impairment | 1,329,974 |
| | 813,204 |
| | 2,810,808 |
| | 4,131,582 |
| | 380,627 |
| | 9,466,195 |
| Acquired with deteriorated credit quality | 29,538 |
| | 863 |
| | 35,543 |
| | 103,133 |
| | 3,187 |
| | 172,264 |
| Ending balance | $ | 1,367,972 |
| | $ | 826,483 |
| | $ | 2,866,613 |
| | $ | 4,244,265 |
| | $ | 384,305 |
| | $ | 9,689,638 |
| December 31, 2018 | | | | | | | | | | | | Individually evaluated for impairment | $ | 2,445 |
| | $ | 10,043 |
| | $ | 14,238 |
| | $ | 8,059 |
| | $ | 493 |
| | $ | 35,278 |
| Collectively evaluated for impairment | 1,264,324 |
| | 730,625 |
| | 2,732,862 |
| | 3,903,012 |
| | 194,774 |
| | 8,825,597 |
| Acquired with deteriorated credit quality | 29,143 |
| | — |
| | 48,243 |
| | 140,438 |
| | 4,430 |
| | 222,254 |
| Ending balance | $ | 1,295,912 |
| | $ | 740,668 |
| | $ | 2,795,343 |
| | $ | 4,051,509 |
| | $ | 199,697 |
| | $ | 9,083,129 |
|
(1) Includes lease financing receivables.
|