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Allowance for Loan Losses (Tables)
 12 Months Ended
Dec. 31, 2019
Receivables [Abstract]  
Summary of loans
The following is a summary of non purchased loans and leases at December 31: 
 
2019
 
2018
Commercial, financial, agricultural
$
1,052,353

 
$
875,649

Lease financing
85,700

 
64,992

Real estate – construction
774,901

 
635,519

Real estate – 1-4 family mortgage
2,350,126

 
2,087,890

Real estate – commercial mortgage
3,128,876

 
2,628,365

Installment loans to individuals
199,843

 
100,424

Gross loans
7,591,799

 
6,392,839

Unearned income
(3,825
)
 
(3,127
)
Loans, net of unearned income
$
7,587,974

 
$
6,389,712



The following is a summary of purchased loans at December 31: 
 
2019
 
2018
Commercial, financial, agricultural
$
315,619

 
$
420,263

Lease financing
—

 
—

Real estate – construction
51,582

 
105,149

Real estate – 1-4 family mortgage
516,487

 
707,453

Real estate – commercial mortgage
1,115,389

 
1,423,144

Installment loans to individuals
102,587

 
37,408

Gross loans
2,101,664

 
2,693,417

Unearned income
—

 
—

Loans, net of unearned income
$
2,101,664

 
$
2,693,417


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
Rollforward of the 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.
Investment in loans, net of unearned income on impairment methodology
The following table presents the fair value of loans purchased from Brand as of the September 1, 2018 acquisition date.
At acquisition date:
 
September 1, 2018
  Contractually-required principal and interest
 
$
1,625,079

  Nonaccretable difference
 
(164,554
)
  Cash flows expected to be collected
 
1,460,525

  Accretable yield
 
(138,318
)
      Fair value
 
$
1,322,207


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.