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Allowance for Loan Losses
 9 Months Ended
Sep. 30, 2018
Receivables [Abstract]  
Allowance for Loan Losses
Allowance for Loan Losses
 
Activity in the allowance for loan losses for the three month and nine month periods ended September 30, 2018 and 2017 is summarized as follows:
 
 
Three Months Ended September 30, 2018
(In thousands)
Beginning
Balance
 
Provision
for Loan
Losses
 
Charge-
Offs
 
Recoveries
 
TDR
Allowance
Adjustments
 
Ending
Balance
Construction & land development
$
2,287

 
$
(221
)
 
$
—

 
$
3

 
$
—

 
$
2,069

Commercial real estate
9,126

 
4,191

 
(1
)
 
18

 
(16
)
 
13,318

Residential real estate
8,850

 
(1,279
)
 
(6
)
 
99

 
(19
)
 
7,645

Commercial and financial
7,102

 
1,739

 
(842
)
 
163

 
—

 
8,162

Consumer
1,559

 
1,344

 
(296
)
 
65

 
(1
)
 
2,671

Totals
$
28,924


$
5,774


$
(1,145
)

$
348


$
(36
)

$
33,865

 
 
Three Months Ended September 30, 2017
(In thousands)
Beginning
Balance
 
Provision
for Loan
Losses
 
Charge-
Offs
 
Recoveries
 
TDR
Allowance
Adjustments
 
Ending
Balance
Construction & land development
$
1,574

 
$
(690
)
 
$
—

 
$
728

 
$
—

 
$
1,612

Commercial real estate
9,923

 
62

 
(239
)
 
175

 
(15
)
 
9,906

Residential real estate
7,423

 
116

 
(296
)
 
39

 
(148
)
 
7,134

Commercial and financial
5,460

 
834

 
(333
)
 
28

 
—

 
5,989

Consumer
1,620

 
358

 
(442
)
 
61

 
(6
)
 
1,591

Totals
$
26,000


$
680


$
(1,310
)

$
1,031


$
(169
)

$
26,232

 
 
Nine Months Ended September 30, 2018
(In thousands)
Beginning Balance
 
Provision for Loan Losses
 
Charge- Offs
 
Recoveries
 
TDR Allowance Adjustments
 
Ending Balance
Construction & land development
$
1,642

 
$
414

 
$
—

 
$
13

 
$
—

 
$
2,069

Commercial real estate
9,285

 
3,826

 
(15
)
 
268

 
(46
)
 
13,318

Residential real estate
7,131

 
(78
)
 
(33
)
 
733

 
(108
)
 
7,645

Commercial and financial
7,297

 
3,639

 
(2,985
)
 
211

 
—

 
8,162

Consumer
1,767

 
1,587

 
(931
)
 
251

 
(3
)
 
2,671

Totals
$
27,122

 
$
9,388

 
$
(3,964
)
 
$
1,476

 
$
(157
)
 
$
33,865

 
 
 
 
 
 
 
 
 
 
 
 
 
Nine Months Ended September 30, 2017
(In thousands)
Beginning Balance
 
Provision for Loan Losses
 
Charge- Offs
 
Recoveries
 
TDR Allowance Adjustments
 
Ending Balance
Construction & land development
$
1,219

 
$
(496
)
 
$
—

 
$
891

 
$
(2
)
 
$
1,612

Commercial real estate
9,273

 
410

 
(341
)
 
613

 
(49
)
 
9,906

Residential real estate
7,483

 
90

 
(482
)
 
266

 
(223
)
 
7,134

Commercial and financial
3,636

 
3,036

 
(837
)
 
154

 
—

 
5,989

Consumer
1,789

 
345

 
(756
)
 
221

 
(8
)
 
1,591

Totals
$
23,400

 
$
3,385

 
$
(2,416
)
 
$
2,145

 
$
(282
)
 
$
26,232

 
 
 
 
 
 
 
 
 
 
 
 

The allowance for loan losses is composed of specific allowances for certain impaired loans and general allowances grouped into loan pools based on similar characteristics. The Company’s loan portfolio, excluding PCI loans, and related allowance at September 30, 2018 and December 31, 2017 is shown in the following tables:
 
 
September 30, 2018
 
Individually Evaluated for Impairment
 
Collectively Evaluated for Impairment
 
Total
(In thousands)
Recorded
Investment
 
Associated
Allowance
 
Recorded
Investment
 
Associated
Allowance
 
Recorded
Investment
 
Associated
Allowance
Construction & land development
$
412

 
$
23

 
$
375,716

 
$
2,046

 
$
376,128

 
$
2,069

Commercial real estate
15,794

 
3,591

 
1,699,743

 
9,727

 
1,715,537

 
13,318

Residential real estate
19,804

 
869

 
1,131,519

 
6,776

 
1,151,323

 
7,645

Commercial and financial
1,629

 
1,483

 
608,598

 
6,679

 
610,227

 
8,162

Consumer
446

 
172

 
192,611

 
2,499

 
193,057

 
2,671

Totals
$
38,085


$
6,138


$
4,008,187


$
27,727


$
4,046,272


$
33,865

 
December 31, 2017
 
Individually Evaluated for Impairment
 
Collectively Evaluated for Impairment
 
 Total
(In thousands)
Recorded
Investment
 
Associated
Allowance
 
Recorded
Investment
 
Associated
Allowance
 
Recorded
Investment
 
Associated
Allowance
Construction & land development
$
474

 
$
23

 
$
341,530

 
$
1,619

 
$
342,004

 
$
1,642

Commercial real estate
8,255

 
195

 
1,621,960

 
9,090

 
1,630,215

 
9,285

Residential real estate
18,720

 
1,091

 
1,014,465

 
6,040

 
1,033,185

 
7,131

Commercial and financial
2,455

 
1,050

 
602,666

 
6,247

 
605,121

 
7,297

Consumer
387

 
43

 
189,049

 
1,724

 
189,436

 
1,767

Totals
$
30,291


$
2,402


$
3,769,670


$
24,720


$
3,799,961


$
27,122


 
Loans collectively evaluated for impairment reported at September 30, 2018 included acquired loans that are not PCI loans. At September 30, 2018, the remaining fair value adjustments for loans acquired was approximately $13.4 million, or approximately 2.0% of the outstanding aggregate PUL balances. At December 31, 2017, the remaining fair value adjustments for loans acquired was approximately $19.4 million, or 2.2% of the outstanding aggregate PUL balances. These amounts represent the fair value discount of each PUL and are accreted into interest income over the remaining lives of the related loans on a level yield basis.
 
The table below summarizes PCI loans that were individually evaluated for impairment based on expected cash flows at September 30, 2018 and December 31, 2017:
 
 
September 30, 2018
 
December 31, 2017
 
PCI Loans Individually Evaluated for Impairment
(In thousands)
Recorded Investment
 
Associated Allowance
 
Recorded Investment
 
Associated Allowance
Construction & land development
$
129

 
$
—

 
$
1,121

 
$
—

Commercial real estate
10,838

 
—

 
9,776

 
—

Residential real estate
1,356

 
—

 
5,626

 
—

Commercial and financial
728

 
—

 
894

 
—

Consumer
—

 
—

 
—

 
—

Totals
$
13,051


$
—


$
17,417


$
—