XML 154 R42.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Loans and Allowance for Loan Losses (Tables)
12 Months Ended
Dec. 31, 2019
Loans and Allowance for Loan Losses  
Schedule of changes in allowance for loan losses

  

Non-acquired

  

Acquired
Non-Credit

  

Acquired Credit

  

(Dollars in thousands)

Loans

Impaired Loans

Impaired Loans

Total

Year Ended December 31, 2019:

Balance at beginning of period

$

51,194

$

$

4,604

$

55,798

Loans charged-off

 

(6,917)

(2,858)

 

 

(9,775)

Recoveries of loans previously charged off

 

3,367

547

 

 

3,914

Net charge-offs

 

(3,550)

(2,311)

 

 

(5,861)

Provision for loan losses charged to operations

 

9,283

2,311

 

1,183

 

12,777

Reduction due to loan removals

 

 

(723)

 

(723)

Balance at end of period

$

56,927

$

$

5,064

$

61,991

Year Ended December 31, 2018:

Balance at beginning of period

$

43,448

$

$

4,627

$

48,075

Loans charged-off

 

(6,012)

(2,214)

 

 

(8,226)

Recoveries of loans previously charged off

 

2,995

305

 

 

3,300

Net charge-offs

 

(3,017)

(1,909)

 

 

(4,926)

Provision for loan losses charged to operations

 

10,763

1,909

 

1,111

 

13,783

Reduction due to loan removals

 

 

(1,134)

 

(1,134)

Balance at end of period

$

51,194

$

$

4,604

$

55,798

Year Ended December 31, 2017:

Balance at beginning of period

$

36,960

$

$

3,395

$

40,355

Loans charged-off

 

(5,149)

(1,630)

 

 

(6,779)

Recoveries of loans previously charged off

 

2,953

477

 

 

3,430

Net charge-offs

 

(2,196)

(1,153)

 

 

(3,349)

Provision for loan losses charged to operations

 

8,684

1,153

 

2,053

 

11,890

Reduction due to loan removals

 

 

(821)

 

(821)

Balance at end of period

$

43,448

$

$

4,627

$

48,075

Summary of average investment in impaired loans and interest income recognized on impaired loans

Year Ended December 31,

 

2019

2018

2017

 

Average

Average

Average

 

Investment in

Interest Income

Investment in

Interest Income

Investment in

Interest Income

 

(Dollars in thousands)

    

Impaired Loans

    

Recognized

    

Impaired Loans

    

Recognized

    

Impaired Loans

    

Recognized

 

Commercial real estate:

Construction and land development

$

36,556

$

1,014

$

40,571

$

1,201

$

23,132

$

1,138

Commercial non-owner occupied

 

702

 

15

 

1,200

 

28

1,091

45

Commercial owner occupied

 

5,358

 

370

 

4,892

 

288

5,943

268

Consumer real estate:

Consumer owner occupied

 

5,951

 

185

 

6,197

 

212

5,653

195

Home equity loans

 

2,644

 

138

 

2,919

 

126

2,343

113

Commercial and industrial

 

3,935

 

324

 

1,224

 

57

1,209

48

Other income producing property

 

2,448

 

84

 

3,005

 

155

2,755

171

Consumer

 

181

 

4

 

213

 

1

192

6

Total Impaired Loans

$

57,775

$

2,134

$

60,221

$

2,068

$

42,318

$

1,984

Summary of information pertaining to nonaccrual loans by class

    

Unpaid

    

Recorded

    

Gross

    

    

Contractual

Investment

Recorded

Total

Principal

With No

Investment

Recorded

Related

(Dollars in thousands)

Balance

Allowance

With Allowance

Investment

Allowance

December 31, 2019

Commercial real estate:

Construction and land development

$

35,577

$

223

$

34,978

$

35,201

$

617

Commercial non-owner occupied

 

385

 

368

 

11

 

379

 

Commercial owner occupied

 

7,689

 

4,836

 

1,739

 

6,575

 

24

Consumer real estate:

Consumer owner occupied

 

5,410

 

1,969

 

3,172

 

5,141

 

102

Home equity loans

 

2,605

 

1,184

 

1,277

 

2,461

 

132

Commercial and industrial

 

7,378

 

5,929

 

649

 

6,578

 

366

Other income producing property

 

2,423

 

415

 

1,609

 

2,024

 

50

Consumer

 

233

 

 

173

 

173

 

55

Total

$

61,700

$

14,924

$

43,608

$

58,532

$

1,346

December 31, 2018

Commercial real estate:

Construction and land development

$

38,314

$

339

$

37,574

$

37,913

$

788

Commercial non-owner occupied

 

1,157

 

536

 

489

 

1,025

 

70

Commercial owner occupied

 

5,085

 

3,101

 

1,041

 

4,142

 

27

Consumer real estate:

Consumer owner occupied

 

7,291

 

4,992

 

1,769

 

6,761

 

41

Home equity loans

 

2,953

 

1,129

 

1,697

 

2,826

 

142

Commercial and industrial

 

1,332

 

467

 

824

 

1,291

 

416

Other income producing property

 

3,117

 

150

 

2,722

 

2,872

 

142

Consumer

 

211

 

 

188

 

188

 

2

Total

$

59,460

$

10,714

$

46,304

$

57,018

$

1,628

Southeastern Bank Financial  
Loans and Allowance for Loan Losses  
Schedule of contractual loan payments receivable, estimates of amounts not expected to be collected, other fair value adjustments and the resulting carrying values

January 3, 2017

 

Loans Impaired

 

(Dollars in thousands)

at Acquisition

 

Contractual principal and interest

    

$

78,963

Non-accretable difference

 

(13,072)

Cash flows expected to be collected

 

65,891

Accretable difference

 

(4,910)

Carrying value

$

60,981

Park Sterling Corporation  
Loans and Allowance for Loan Losses  
Schedule of contractual loan payments receivable, estimates of amounts not expected to be collected, other fair value adjustments and the resulting carrying values

The table below reflects refined contractual loan payments (principal and interest), estimates of the amounts not expected to be collected (non-accretable difference), accretable yield (interest income recognized over time), and the resulting fair values at the acquisition date for PSC (November 30, 2017) for loans accounted for using FASB ASC Topic 310-30. During the second quarter of 2018, the initial fair value of loans at acquisition were adjusted to reflect movement of loans between the ASC Topic 310-20 portfolio and the ASC Topic 310-30 portfolio and the movement in interest rates from the initial valuation.

November 30, 2017

Loans Impaired

 

(Dollars in thousands)

at Acquisition

 

Contractual principal and interest

    

    

$

113,584

Non-accretable difference

 

(27,248)

Cash flows expected to be collected

 

86,336

Accretable difference

 

(7,369)

Carrying value

$

78,967

Non-acquired loans  
Loans and Allowance for Loan Losses  
Summary of loans

 

December 31,

 

(Dollars in thousands)

 

2019

2018

 

Non-acquired loans:

    

    

    

Commercial non-owner occupied real estate:

Construction and land development

$

968,360

$

841,445

Commercial non-owner occupied

 

1,811,138

 

1,415,551

Total commercial non-owner occupied real estate

 

2,779,498

 

2,256,996

Consumer real estate:

Consumer owner occupied

 

2,118,839

 

1,936,265

Home equity loans

 

518,628

 

495,148

Total consumer real estate

 

2,637,467

 

2,431,413

Commercial owner occupied real estate

 

1,784,017

 

1,517,551

Commercial and industrial

 

1,280,859

 

1,054,952

Other income producing property

 

218,617

 

214,353

Consumer

 

538,481

 

448,664

Other loans

 

13,892

 

9,357

Total non-acquired loans

 

9,252,831

 

7,933,286

Less allowance for loan losses

 

(56,927)

 

(51,194)

Non-acquired loans, net

$

9,195,904

$

7,882,092

Schedule of changes in allowance for loan losses

    

Construction

    

Commercial

    

Commercial

    

Consumer

    

    

    

Other Income

    

    

    

 

& Land

Non-owner

Owner

Owner

Home

Commercial

Producing

Other

 

(Dollars in thousands)

Development

Occupied

Occupied

Occupied

Equity

& Industrial

Property

Consumer

Loans

Total

 

Year Ended December 31, 2019:

Allowance for loan losses:

Balance at beginning of period

$

5,682

$

8,754

$

9,369

$

11,913

$

3,434

$

7,454

$

1,446

$

3,101

$

41

$

51,194

Charge-offs

 

(78)

 

(3)

 

(87)

 

(50)

 

(203)

 

(622)

 

(31)

 

(5,843)

 

 

(6,917)

Recoveries

 

1,016

 

76

 

174

 

213

 

265

 

351

 

94

 

1,178

 

 

3,367

Provision (benefit)

 

(516)

 

1,872

 

1,125

 

520

 

(308)

 

1,156

 

(173)

 

5,511

 

96

 

9,283

Balance at end of period

$

6,104

$

10,699

$

10,581

$

12,596

$

3,188

$

8,339

$

1,336

$

3,947

$

137

$

56,927

Loans individually evaluated for impairment

$

617

$

$

24

$

102

$

132

$

366

$

50

$

55

$

$

1,346

Loans collectively evaluated for impairment

$

5,487

$

10,699

$

10,557

$

12,494

$

3,056

$

7,973

$

1,286

$

3,892

$

137

$

55,581

Loans:

Loans individually evaluated for impairment

$

35,201

$

379

$

6,575

$

5,141

$

2,461

$

6,578

$

2,024

$

173

$

$

58,532

Loans collectively evaluated for impairment

 

933,159

 

1,810,759

 

1,777,442

 

2,113,698

 

516,167

 

1,274,281

 

216,593

 

538,308

 

13,892

 

9,194,299

Total non-acquired loans

$

968,360

$

1,811,138

$

1,784,017

$

2,118,839

$

518,628

$

1,280,859

$

218,617

$

538,481

$

13,892

$

9,252,831

Year Ended December 31, 2018:

Allowance for loan losses:

Balance at beginning of period

$

5,921

$

6,525

$

8,128

$

9,668

$

3,250

$

5,488

$

1,375

$

2,788

$

305

$

43,448

Charge-offs

 

(76)

 

 

(659)

 

(80)

 

(215)

 

(500)

 

(2)

 

(4,480)

 

 

(6,012)

Recoveries

 

1,340

 

11

 

145

 

132

 

279

 

256

 

21

 

811

 

 

2,995

Provision (benefit)

 

(1,503)

 

2,218

 

1,755

 

2,193

 

120

 

2,210

 

52

 

3,982

 

(264)

 

10,763

Balance at end of period

$

5,682

$

8,754

$

9,369

$

11,913

$

3,434

$

7,454

$

1,446

$

3,101

$

41

$

51,194

Loans individually evaluated for impairment

$

788

$

70

$

27

$

41

$

142

$

416

$

142

$

2

$

$

1,628

Loans collectively evaluated for impairment

$

4,894

$

8,684

$

9,342

$

11,872

$

3,292

$

7,038

$

1,304

$

3,099

$

41

$

49,566

Loans:

Loans individually evaluated for impairment

$

37,913

$

1,025

$

4,142

$

6,761

$

2,826

$

1,291

$

2,872

$

188

$

$

57,018

Loans collectively evaluated for impairment

 

803,532

 

1,414,526

 

1,513,409

 

1,929,504

 

492,322

 

1,053,661

 

211,481

 

448,476

 

9,357

 

7,876,268

Total non-acquired loans

$

841,445

$

1,415,551

$

1,517,551

$

1,936,265

$

495,148

$

1,054,952

$

214,353

$

448,664

$

9,357

$

7,933,286

Year Ended December 31, 2017:

Allowance for loan losses:

Balance at beginning of period

$

4,091

$

4,980

$

8,022

$

7,820

$

3,211

$

4,842

$

1,542

$

2,350

$

102

$

36,960

Charge-offs

 

(546)

 

 

 

(185)

 

(330)

 

(776)

 

(51)

 

(3,261)

 

 

(5,149)

Recoveries

 

968

 

132

 

220

 

306

 

210

 

343

 

85

 

689

 

 

2,953

Provision (benefit)

 

1,408

 

1,413

 

(114)

 

1,727

 

159

 

1,079

 

(201)

 

3,010

 

203

 

8,684

Balance at end of period

$

5,921

$

6,525

$

8,128

$

9,668

$

3,250

$

5,488

$

1,375

$

2,788

$

305

$

43,448

Loans individually evaluated for impairment

$

1,063

$

125

$

64

$

37

$

135

$

15

$

178

$

7

$

$

1,624

Loans collectively evaluated for impairment

$

4,858

$

6,400

$

8,064

$

9,631

$

3,115

$

5,473

$

1,197

$

2,781

$

305

$

41,824

Loans:

Loans individually evaluated for impairment

$

43,230

$

1,375

$

5,642

$

5,632

$

3,011

$

1,156

$

3,138

$

239

$

$

63,423

Loans collectively evaluated for impairment

 

787,645

 

1,007,518

 

1,257,134

 

1,524,628

 

434,631

 

814,031

 

190,709

 

378,746

 

33,690

 

6,428,732

Total non-acquired loans

$

830,875

$

1,008,893

$

1,262,776

$

1,530,260

$

437,642

$

815,187

$

193,847

$

378,985

$

33,690

$

6,492,155

Schedule of credit risk profile by risk grade of loans

Total Non-acquired Loans

December 31,

December 31,

(Dollars in thousands)

    

2019

    

2018

Pass

$

9,123,097

$

7,813,938

Special mention

 

83,830

 

66,645

Substandard

 

45,904

 

52,703

Doubtful

 

 

$

9,252,831

$

7,933,286

Aging analysis of past due loans (includes nonaccrual loans), segregated by class of loans

    

30 - 59 Days

    

60 - 89 Days

    

90+ Days

    

Total

    

    

Total

(Dollars in thousands)

Past Due

Past Due

Past Due

Past Due

Current

Loans

December 31, 2019

Commercial real estate:

Construction and land development

$

321

$

39

$

255

$

615

$

967,745

$

968,360

Commercial non-owner occupied

 

114

 

 

299

 

413

 

1,810,725

 

1,811,138

Commercial owner occupied

 

4,011

 

636

 

2,302

 

6,949

 

1,777,068

 

1,784,017

Consumer real estate:

Consumer owner occupied

 

1,157

 

285

 

2,424

 

3,866

 

2,114,973

 

2,118,839

Home equity loans

 

1,343

 

39

 

562

 

1,944

 

516,684

 

518,628

Commercial and industrial

 

5,531

 

100

 

649

 

6,280

 

1,274,579

 

1,280,859

Other income producing property

 

208

 

 

457

 

665

 

217,952

 

218,617

Consumer

 

825

 

285

 

826

 

1,936

 

536,545

 

538,481

Other loans

 

25

 

3

 

 

28

 

13,864

 

13,892

$

13,535

$

1,387

$

7,774

$

22,696

$

9,230,135

$

9,252,831

December 31, 2018

Commercial real estate:

Construction and land development

$

693

$

305

$

452

$

1,450

$

839,995

$

841,445

Commercial non-owner occupied

 

68

 

18

 

396

 

482

 

1,415,069

 

1,415,551

Commercial owner occupied

 

1,639

 

1,495

 

904

 

4,038

 

1,513,513

 

1,517,551

Consumer real estate:

Consumer owner occupied

 

1,460

 

789

 

943

 

3,192

 

1,933,073

 

1,936,265

Home equity loans

 

744

 

532

 

713

 

1,989

 

493,159

 

495,148

Commercial and industrial

 

898

 

120

 

573

 

1,591

 

1,053,361

 

1,054,952

Other income producing property

 

169

 

26

 

289

 

484

 

213,869

 

214,353

Consumer

 

437

 

174

 

718

 

1,329

 

447,335

 

448,664

Other loans

 

 

 

 

 

9,357

 

9,357

$

6,108

$

3,459

$

4,988

$

14,555

$

7,918,731

$

7,933,286

Summary of information pertaining to impaired loans

December 31,

 

(Dollars in thousands)

 

    

2019

    

2018

 

Commercial non-owner occupied real estate:

Construction and land development

$

363

$

424

Commercial non-owner occupied

 

732

 

831

Total commercial non-owner occupied real estate

 

1,095

 

1,255

Consumer real estate:

Consumer owner occupied

 

7,202

 

7,109

Home equity loans

 

1,468

 

2,333

Total consumer real estate

 

8,670

 

9,442

Commercial owner occupied real estate

 

3,482

 

1,068

Commercial and industrial

 

4,092

 

647

Other income producing property

 

798

 

500

Consumer

 

1,587

 

1,267

Restructured loans

 

2,578

 

648

Total loans on nonaccrual status

$

22,302

$

14,827

Non-acquired loans | Commercial non-owner occupied real estate  
Loans and Allowance for Loan Losses  
Schedule of credit risk profile by risk grade of loans

Construction & Development

Commercial Non-owner Occupied

Commercial Owner Occupied

December 31,

December 31,

December 31,

December 31,

December 31,

December 31,

(Dollars in thousands)

    

2019

    

2018

    

2019

    

2018

    

2019

    

2018

Pass

$

959,206

$

832,612

$

1,787,306

$

1,407,744

$

1,754,801

$

1,480,267

Special mention

 

7,095

 

6,015

 

22,410

 

6,427

 

19,742

 

24,576

Substandard

 

2,059

 

2,818

 

1,422

 

1,380

 

9,474

 

12,708

Doubtful

 

 

 

 

 

 

$

968,360

$

841,445

$

1,811,138

$

1,415,551

$

1,784,017

$

1,517,551

Commercial & Industrial

Other Income Producing Property

Commercial Total

 

December 31,

December 31,

December 31,

December 31,

December 31,

December 31,

 

    

2019

    

2018

    

2019

    

2018

    

2019

    

2018

 

Pass

$

1,256,465

$

1,037,915

$

213,291

$

208,186

$

5,971,069

$

4,966,724

Special mention

 

16,055

 

5,887

 

3,966

 

4,706

 

69,268

 

47,611

Substandard

 

8,339

 

11,150

 

1,360

 

1,461

 

22,654

 

29,517

Doubtful

 

 

 

 

 

 

$

1,280,859

$

1,054,952

$

218,617

$

214,353

$

6,062,991

$

5,043,852

Non-acquired loans | Consumer loans  
Loans and Allowance for Loan Losses  
Schedule of credit risk profile by risk grade of loans

The following table presents the credit risk profile by risk grade of consumer non-acquired loans:

Consumer Owner Occupied

Home Equity

Consumer

December 31,

December 31,

December 31,

December 31,

December 31,

December 31,

(Dollars in thousands)

    

2019

    

2018

    

2019

    

2018

    

2019

    

2018

Pass

$

2,094,080

$

1,909,427

$

508,054

$

481,607

$

536,002

$

446,823

Special mention

 

9,585

 

11,304

 

4,490

 

7,293

 

487

 

437

Substandard

 

15,174

 

15,534

 

6,084

 

6,248

 

1,992

 

1,404

Doubtful

 

 

 

 

 

 

$

2,118,839

$

1,936,265

$

518,628

$

495,148

$

538,481

$

448,664

Other

Consumer Total

    

December 31, 2019

    

December 31, 2018

    

December 31, 2019

    

December 31, 2018

Pass

$

13,892

$

9,357

$

3,152,028

$

2,847,214

Special mention

 

 

 

14,562

 

19,034

Substandard

 

 

 

23,250

 

23,186

Doubtful

 

 

 

 

$

13,892

$

9,357

$

3,189,840

$

2,889,434

Acquired credit impaired loans  
Loans and Allowance for Loan Losses  
Summary of loans

 

December 31,

 

(Dollars in thousands)

 

2019

2018

 

Acquired credit impaired loans:

    

    

    

Commercial real estate

$

130,938

$

196,764

Commercial real estate—construction and development

 

25,032

 

32,942

Residential real estate

 

163,359

 

207,482

Consumer

 

35,488

 

42,492

Commercial and industrial

 

7,029

 

10,043

Acquired credit impaired loans

 

361,846

 

489,723

Less allowance for loan losses

 

(5,064)

 

(4,604)

Acquired credit impaired loans, net

$

356,782

$

485,119

Schedule of contractual loan payments receivable, estimates of amounts not expected to be collected, other fair value adjustments and the resulting carrying values

December 31,

December 31,

(Dollars in thousands)

    

2019

    

2018

    

Contractual principal and interest

$

452,818

$

626,691

Non-accretable difference

 

(13,938)

 

(24,818)

Cash flows expected to be collected

 

438,880

 

601,873

Accretable yield

 

(82,098)

 

(116,754)

Carrying value

$

356,782

$

485,119

Schedule of changes in the carrying value

Year Ended December 31,

(Dollars in thousands)

    

2019

    

2018

Balance at beginning of period

$

485,119

$

618,803

Net reductions for payments, foreclosures, and accretion

 

(127,877)

 

(133,707)

Change in the allowance for loan losses on acquired loans

 

(460)

 

23

Balance at end of period, net of allowance for loan losses on acquired credit impaired loans

$

356,782

$

485,119

Schedule of refined accretable yield balance

Year Ended December 31,

(Dollars in thousands)

    

2019

    

2018

    

2017

Balance at beginning of period

$

116,754

$

133,096

$

155,379

Addition from the PSC acquisition

4,910

Park Sterling Corporation ("Park Sterling") acquisition Day 1 adjustment

(1,460)

8,829

Contractual interest income

 

(26,515)

 

(33,115)

 

(36,690)

Accretion on acquired credit impaired loans

(17,813)

(19,004)

(20,841)

Reclass of nonaccretable difference due to improvement in expected cash flows

 

9,826

 

37,501

 

21,987

Other changes, net

 

(154)

 

(264)

 

(478)

Balance at end of period

$

82,098

$

116,754

$

133,096

Schedule of changes in allowance for loan losses

    

    

Commercial

    

    

    

    

 

Real Estate-

 

Commercial

Construction and

Residential

Commercial

 

(Dollars in thousands)

Real Estate

Development

Real Estate

Consumer

and Industrial

Total

 

Year Ended December 31, 2019:

Allowance for loan losses:

Balance, December 31, 2018

$

801

$

717

$

2,246

$

761

$

79

$

4,604

Provision for loan losses

 

577

 

(148)

 

716

 

(222)

 

260

 

1,183

Reduction due to loan removals

 

(1)

 

 

(407)

 

 

(315)

 

(723)

Balance, December 31, 2019

$

1,377

$

569

$

2,555

$

539

$

24

$

5,064

Loans individually evaluated for impairment

$

$

$

$

$

$

Loans collectively evaluated for impairment

$

1,377

$

569

$

2,555

$

539

$

24

$

5,064

Loans:*

Loans individually evaluated for impairment

$

$

$

$

$

$

Loans collectively evaluated for impairment

 

130,938

 

25,032

 

163,359

 

35,488

 

7,029

 

361,846

Total acquired credit impaired loans

$

130,938

$

25,032

$

163,359

$

35,488

$

7,029

$

361,846

Year Ended December 31, 2018:

Allowance for loan losses:

Balance, December 31, 2017

$

288

$

180

$

3,553

$

461

$

145

$

4,627

Provision for loan losses

 

532

 

657

 

(892)

 

303

 

511

 

1,111

Reduction due to loan removals

 

(19)

 

(120)

 

(415)

 

(3)

 

(577)

 

(1,134)

Balance, December 31, 2018

$

801

$

717

$

2,246

$

761

$

79

$

4,604

Loans individually evaluated for impairment

$

$

$

$

$

$

Loans collectively evaluated for impairment

$

801

$

717

$

2,246

$

761

$

79

$

4,604

Loans:*

Loans individually evaluated for impairment

$

$

$

$

$

$

Loans collectively evaluated for impairment

 

196,764

 

32,942

 

207,482

 

42,492

 

10,043

 

489,723

Total acquired credit impaired loans

$

196,764

$

32,942

$

207,482

$

42,492

$

10,043

$

489,723

Year Ended December 31, 2017:

Allowance for loan losses:

Balance, December 31, 2016

$

41

$

139

$

2,419

$

558

$

238

$

3,395

Provision for loan losses

 

247

 

163

 

1,662

 

(83)

 

64

 

2,053

Reduction due to loan removals

 

 

(122)

 

(528)

 

(14)

 

(157)

 

(821)

Balance, December 31, 2017

$

288

$

180

$

3,553

$

461

$

145

$

4,627

Loans individually evaluated for impairment

$

$

$

$

$

$

Loans collectively evaluated for impairment

$

288

$

180

$

3,553

$

461

$

145

$

4,627

Loans:*

Loans individually evaluated for impairment

$

$

$

$

$

$

Loans collectively evaluated for impairment

 

234,595

 

49,649

 

260,787

 

51,453

 

26,946

 

623,430

Total acquired credit impaired loans

$

234,595

$

49,649

$

260,787

$

51,453

$

26,946

$

623,430

*     The carrying value of acquired credit impaired loans includes a non-accretable difference which is primarily associated with the assessment of credit quality of acquired loans.

Schedule of credit risk profile by risk grade of loans

 

Commercial Real Estate—

 

 

Construction and

 

 

Commercial Real Estate

Development

 

 

December 31,

December 31,

 

(Dollars in thousands)

 

2019

2018

2019

2018

 

Pass

    

$

108,762

    

$

160,788

    

$

17,756

    

$

20,293

Special mention

 

6,465

 

14,393

 

2,904

 

3,001

Substandard

 

15,711

 

21,583

 

4,372

 

9,648

Doubtful

 

 

 

 

$

130,938

$

196,764

$

25,032

$

32,942

Residential Real Estate

Consumer

Commercial & Industrial

 

December 31,

December 31,

December 31,

 

    

2019

    

2018

    

2019

    

2018

    

2019

    

2018

 

Pass

$

82,203

$

104,181

$

4,483

$

5,751

$

5,160

$

5,093

Special mention

 

35,968

 

41,964

 

12,658

 

14,484

 

286

 

546

Substandard

 

45,188

 

61,337

 

18,347

 

22,257

 

1,583

 

4,404

Doubtful

 

 

 

 

 

 

$

163,359

$

207,482

$

35,488

$

42,492

$

7,029

$

10,043

Total Acquired

 

Credit Impaired Loans

December 31,

 

 

2019

2018

 

Pass

    

$

218,364

    

$

296,106

Special mention

 

58,281

 

74,388

Substandard

 

85,201

 

119,229

Doubtful

 

 

$

361,846

$

489,723

Aging analysis of past due loans (includes nonaccrual loans), segregated by class of loans

    

30 - 59 Days

    

60 - 89 Days

    

90+ Days

    

Total

    

    

Total

(Dollars in thousands)

Past Due

Past Due

Past Due

Past Due

Current

Loans

December 31, 2019

Commercial real estate

$

2,283

$

$

2,659

$

4,942

$

125,996

$

130,938

Commercial real estate—construction and development

 

 

 

393

 

393

 

24,639

 

25,032

Residential real estate

 

2,838

 

976

 

5,571

 

9,385

 

153,974

 

163,359

Consumer

 

820

 

283

 

534

 

1,637

 

33,851

 

35,488

Commercial and industrial

 

118

 

910

 

75

 

1,103

 

5,926

 

7,029

$

6,059

$

2,169

$

9,232

$

17,460

$

344,386

$

361,846

December 31, 2018

Commercial real estate

$

876

$

112

$

4,533

$

5,521

$

191,243

$

196,764

Commercial real estate—construction and development

 

115

 

12

 

2,816

 

2,943

 

29,999

 

32,942

Residential real estate

 

4,620

 

1,251

 

8,487

 

14,358

 

193,124

 

207,482

Consumer

 

722

 

90

 

839

 

1,651

 

40,841

 

42,492

Commercial and industrial

 

2,437

 

 

88

 

2,525

 

7,518

 

10,043

$

8,770

$

1,465

$

16,763

$

26,998

$

462,725

$

489,723

Acquired non-credit impaired non-accrual loans  
Loans and Allowance for Loan Losses  
Summary of information pertaining to nonaccrual loans by class

December 31,

(Dollars in thousands)

    

2019

    

2018

Commercial non-owner occupied real estate:

Construction and land development

$

699

$

252

Commercial non-owner occupied

393

283

Total commercial non-owner occupied real estate

1,092

535

Consumer real estate:

Consumer owner occupied

2,350

3,864

Home equity loans

3,067

4,512

Total consumer real estate

5,417

8,376

Commercial owner occupied real estate

903

1,470

Commercial and industrial

722

1,296

Other income producing property

1,101

244

Consumer

1,604

1,568

Total loans on nonaccrual status

$

10,839

$

13,489

Acquired non-credit impaired loans  
Loans and Allowance for Loan Losses  
Summary of loans

 

December 31,

 

(Dollars in thousands)

 

2019

2018

 

Acquired non-credit impaired loans:

    

    

    

Commercial non-owner occupied real estate:

Construction and land development

$

33,569

$

165,070

Commercial non-owner occupied

 

447,441

 

679,253

Total commercial non-owner occupied real estate

 

481,010

 

844,323

Consumer real estate:

Consumer owner occupied

 

496,431

 

628,813

Home equity loans

 

188,732

 

242,425

Total consumer real estate

 

685,163

 

871,238

Commercial owner occupied real estate

 

307,193

 

421,841

Commercial and industrial

 

101,880

 

212,537

Other income producing property

 

95,697

 

133,110

Consumer

 

89,484

 

111,777

Other

Acquired non-credit impaired loans

$

1,760,427

$

2,594,826

Schedule of changes in allowance for loan losses

    

Construction

    

Commercial

    

Commercial

    

Consumer

    

    

    

Other Income

    

    

    

 

& Land

Non-owner

Owner

Owner

Home

Commercial

Producing

 

(Dollars in thousands)

Development

Occupied

Occupied

Occupied

Equity

& Industrial

Property

Consumer

Other

Total

 

Year Ended December 31, 2019

Allowance for loan losses:

Balance at beginning of period

$

$

$

$

$

$

$

$

$

$

Charge-offs

 

(44)

 

 

(786)

 

(6)

 

(263)

 

(1,289)

 

(26)

 

(444)

 

 

(2,858)

Recoveries

 

3

 

 

 

26

 

206

 

190

 

71

 

51

 

 

547

Provision (benefit)

 

41

 

 

786

 

(20)

 

57

 

1,099

 

(45)

 

393

 

 

2,311

Balance, December 31, 2019

$

$

$

$

$

$

$

$

$

$

Loans individually evaluated for impairment

$

$

$

$

$

$

$

$

$

$

Loans collectively evaluated for impairment

$

$

$

$

$

$

$

$

$

$

Loans:

Loans individually evaluated for impairment

$

$

$

$

$

$

$

$

$

$

Loans collectively evaluated for impairment

 

33,569

 

447,441

 

307,193

 

496,431

 

188,732

 

101,880

 

95,697

 

89,484

 

 

1,760,427

Total acquired non-credit impaired loans

$

33,569

$

447,441

$

307,193

$

496,431

$

188,732

$

101,880

$

95,697

$

89,484

$

$

1,760,427

Year Ended December 31, 2018

Allowance for loan losses:

Balance at beginning of period

$

$

$

$

$

$

$

$

$

$

Charge-offs

 

(107)

 

 

(28)

 

(70)

 

(436)

 

(1,108)

 

 

(465)

 

 

(2,214)

Recoveries

 

8

 

 

 

64

 

102

 

63

 

 

68

 

 

305

Provision (benefit)

 

99

 

 

28

 

6

 

334

 

1,045

 

 

397

 

 

1,909

Balance, December 31, 2018

$

$

$

$

$

$

$

$

$

$

Loans individually evaluated for impairment

$

$

$

$

$

$

$

$

$

$

Loans collectively evaluated for impairment

$

$

$

$

$

$

$

$

$

$

Loans:

Loans individually evaluated for impairment

$

$

$

$

$

$

$

$

$

$

Loans collectively evaluated for impairment

 

165,070

 

679,253

 

421,841

 

628,813

 

242,425

 

212,537

 

133,110

 

111,777

 

 

2,594,826

Total acquired non-credit impaired loans

$

165,070

$

679,253

$

421,841

$

628,813

$

242,425

$

212,537

$

133,110

$

111,777

$

$

2,594,826

Year Ended December 31, 2017

Allowance for loan losses:

Balance at beginning of period

$

$

$

$

$

$

$

$

$

$

Charge-offs

 

(82)

 

 

 

(150)

 

(859)

 

(71)

 

 

(468)

 

 

(1,630)

Recoveries

 

4

 

 

2

 

41

 

393

 

6

 

8

 

23

 

 

477

Provision (benefit)

 

78

 

 

(2)

 

109

 

466

 

65

 

(8)

 

445

 

 

1,153

Balance, December 31, 2017

$

$

$

$

$

$

$

$

$

$

Loans individually evaluated for impairment

$

$

$

$

$

$

$

$

$

$

Loans collectively evaluated for impairment

$

$

$

$

$

$

$

$

$

$

Loans:

Loans individually evaluated for impairment

$

$

$

$

$

$

$

$

$

$

Loans collectively evaluated for impairment

 

403,357

 

817,166

 

521,818

 

710,611

 

320,591

 

398,696

 

196,669

 

137,710

 

1,289

 

3,507,907

Total acquired non-credit impaired loans

$

403,357

$

817,166

$

521,818

$

710,611

$

320,591

$

398,696

$

196,669

$

137,710

$

1,289

$

3,507,907

Schedule of credit risk profile by risk grade of loans

Total Acquired

Non-credit Impaired Loans

December 31,

(Dollars in thousands)

 

2019

2018

Pass

    

$

1,697,942

    

$

2,523,010

    

Special mention

 

39,772

 

48,716

Substandard

 

22,713

 

23,100

Doubtful

 

 

$

1,760,427

$

2,594,826

Aging analysis of past due loans (includes nonaccrual loans), segregated by class of loans

    

30 - 59 Days

    

60 - 89 Days

    

90+ Days

    

Total

    

    

Total

(Dollars in thousands)

Past Due

Past Due

Past Due

Past Due

Current

Loans

December 31, 2019

Commercial real estate:

Construction and land development

$

20

$

$

256

$

276

$

33,293

$

33,569

Commercial non-owner occupied

 

144

 

1,146

 

76

 

1,366

 

446,075

 

447,441

Commercial owner occupied

 

890

 

702

 

698

 

2,290

 

304,903

 

307,193

Consumer real estate:

Consumer owner occupied

 

768

 

151

 

414

 

1,333

 

495,098

 

496,431

Home equity loans

 

369

 

55

 

1,154

 

1,578

 

187,154

 

188,732

Commercial and industrial

 

93

 

204

 

17

 

314

 

101,566

 

101,880

Other income producing property

 

378

 

4,309

 

551

 

5,238

 

90,459

 

95,697

Consumer

 

485

 

613

 

423

 

1,521

 

87,963

 

89,484

$

3,147

$

7,180

$

3,589

$

13,916

$

1,746,511

$

1,760,427

December 31, 2018

Commercial real estate:

Construction and land development

$

647

$

45

$

365

$

1,057

$

164,013

$

165,070

Commercial non-owner occupied

 

607

 

21

 

283

 

911

 

678,342

 

679,253

Commercial owner occupied

 

964

 

1,006

 

 

1,970

 

419,871

 

421,841

Consumer real estate:

Consumer owner occupied

 

1,127

 

621

 

789

 

2,537

 

626,276

 

628,813

Home equity loans

 

1,286

 

442

 

2,209

 

3,937

 

238,488

 

242,425

Commercial and industrial

 

2,648

 

130

 

19

 

2,797

 

209,740

 

212,537

Other income producing property

 

603

 

276

 

129

 

1,008

 

132,102

 

133,110

Consumer

 

574

 

209

 

532

 

1,315

 

110,462

 

111,777

$

8,456

$

2,750

$

4,326

$

15,532

$

2,579,294

$

2,594,826

Acquired non-credit impaired loans | Commercial non-owner occupied real estate  
Loans and Allowance for Loan Losses  
Schedule of credit risk profile by risk grade of loans

 

Commercial Non-owner

 

 

Construction & Development

Occupied

Commercial Owner Occupied

 

 

December 31,

December 31,

December 31,

 

(Dollars in thousands)

 

2019

2018

2019

2018

2019

2018

 

Pass

    

$

31,690

    

$

163,777

    

$

432,710

    

$

665,913

    

$

300,678

    

$

411,783

Special mention

 

966

 

838

 

14,162

 

13,018

 

3,092

 

5,664

Substandard

 

913

 

455

 

569

 

322

 

3,423

 

4,394

Doubtful

 

 

 

 

 

 

$

33,569

$

165,070

$

447,441

$

679,253

$

307,193

$

421,841

 

Other Income Producing

 

Commercial & Industrial

Property

Commercial Total

 

December 31,

December 31,

December 31,

 

 

2019

2018

2019

2018

2019

2018

Pass

$

97,092

    

$

202,399

    

$

87,892

    

$

125,399

    

$

950,062

    

$

1,569,271

Special mention

 

2,948

 

6,523

 

5,837

 

6,419

 

27,005

 

32,462

Substandard

 

1,840

 

3,615

 

1,968

 

1,292

 

8,713

 

10,078

Doubtful

 

 

 

 

 

 

$

101,880

$

212,537

$

95,697

$

133,110

$

985,780

$

1,611,811

Acquired non-credit impaired loans | Consumer loans  
Loans and Allowance for Loan Losses  
Schedule of credit risk profile by risk grade of loans

The following table presents the credit risk profile by risk grade of consumer loans for acquired non-credit impaired loans:

Consumer Owner Occupied

Home Equity

Consumer

 

December 31,

December 31,

December 31,

 

(Dollars in thousands)

 

2019

2018

2019

2018

2019

2018

 

Pass

$

486,433

    

$

617,391

    

$

174,912

    

$

227,515

    

$

86,535

    

$

108,833

Special mention

 

6,434

 

7,868

 

5,679

 

7,688

 

654

 

698

Substandard

 

3,564

 

3,554

 

8,141

 

7,222

 

2,295

 

2,246

Doubtful

 

 

 

 

 

 

$

496,431

$

628,813

$

188,732

$

242,425

$

89,484

$

111,777

Consumer Total

December 31,

2019

2018

Pass

$

747,880

    

$

953,739

Special mention

 

12,767

 

16,254

Substandard

 

14,000

 

13,022

Doubtful

 

 

$

774,647

$

983,015