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Allowance for Loan and Lease Losses Allowance for Loan and Lease Losses (Tables)
 12 Months Ended
Dec. 31, 2019
Receivables [Abstract]  
Allocation of Allowance for Loan and Lease Losses
Activity in the allowance for non-PCI loan and lease losses by class of loans is summarized as follows:
 
Years ended December 31, 2019, 2018, and 2017
(Dollars in thousands)
Construction
and land
development
- commercial
 
Commercial
mortgage
 
Other
commercial
real estate
 
Commercial
and
industrial and leases
 
Other
 
Residential
mortgage
 
Revolving
mortgage
 
Construction
and land
development
- non-
commercial
 
Consumer
 
Total
Non-PCI Loans
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan and lease losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance at January 1, 2017
$
28,877

 
$
48,278

 
$
3,269

 
$
56,132

 
$
3,127

 
$
14,447

 
$
21,013

 
$
1,596

 
$
28,287

 
$
205,026

Provision (credits)
(4,329
)
 
(5,694
)
 
1,280

 
11,624

 
2,189

 
2,096

 
2,509

 
2,366

 
17,098

 
29,139

Charge-offs
(599
)
 
(421
)
 
(5
)
 
(11,921
)
 
(912
)
 
(1,376
)
 
(2,368
)
 
—

 
(18,784
)
 
(36,386
)
Recoveries
521

 
2,842

 
27

 
3,989

 
285

 
539

 
1,282

 
—

 
4,603

 
14,088

Balance at December 31, 2017
24,470

 
45,005

 
4,571

 
59,824

 
4,689

 
15,706

 
22,436

 
3,962

 
31,204

 
211,867

Provision (credits)
10,533

 
(1,490
)
 
(2,171
)
 
2,511

 
(2,827
)
 
897

 
1,112

 
(1,520
)
 
22,187

 
29,232

Charge-offs
(44
)
 
(1,140
)
 
(69
)
 
(10,211
)
 
(130
)
 
(1,689
)
 
(3,235
)
 
(219
)
 
(22,817
)
 
(39,554
)
Recoveries
311

 
1,076

 
150

 
3,496

 
489

 
558

 
1,549

 
127

 
5,267

 
13,023

Balance at December 31, 2018
35,270

 
43,451

 
2,481

 
55,620

 
2,221

 
15,472

 
21,862

 
2,350

 
35,841

 
214,568

Provision (credits)
(2,171
)
 
2,384

 
(285
)
 
14,212

 
(754
)
 
3,481

 
(788
)
 
359

 
16,611

 
33,049

Charge-offs
(196
)
 
(1,096
)
 
—

 
(13,352
)
 
(100
)
 
(1,137
)
 
(2,584
)
 
—

 
(24,562
)
 
(43,027
)
Recoveries
310

 
596

 
15

 
2,894

 
869

 
416

 
1,212

 
—

 
6,703

 
13,015

Balance at December 31, 2019
$
33,213

 
$
45,335

 
$
2,211

 
$
59,374

 
$
2,236

 
$
18,232

 
$
19,702

 
$
2,709

 
$
34,593

 
$
217,605



The following tables present the allowance and recorded investment in loans and leases by class of loans, as well as the associated impairment method at December 31, 2019 and December 31, 2018.
 
December 31, 2019
(Dollars in thousands)
Construction
and land
development
- commercial
 
Commercial
mortgage
 
Other
commercial
real estate
 
Commercial
and industrial and leases
 
Other
 
Residential
mortgage
 
Revolving
mortgage
 
Construction
and land
development
- non-commercial
 
Consumer
 
Total
Non-PCI Loans
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan and lease losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
ALLL for loans and leases individually evaluated for impairment
$
463

 
$
3,650

 
$
39

 
$
1,379

 
$
103

 
$
3,278

 
$
2,722

 
$
174

 
$
1,107

 
$
12,915

ALLL for loans and leases collectively evaluated for impairment
32,750

 
41,685

 
2,172

 
57,995

 
2,133

 
14,954

 
16,980

 
2,535

 
33,486

 
204,690

Total allowance for loan and lease losses
$
33,213

 
$
45,335

 
$
2,211

 
$
59,374

 
$
2,236

 
$
18,232

 
$
19,702

 
$
2,709

 
$
34,593

 
$
217,605

Loans and leases:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans and leases individually evaluated for impairment
$
4,655

 
$
70,149

 
$
1,268

 
$
12,182

 
$
639

 
$
60,442

 
$
28,869

 
$
3,882

 
$
3,513

 
$
185,599

Loans and leases collectively evaluated for impairment
1,008,799

 
12,212,486

 
540,760

 
4,391,610

 
309,454

 
5,233,475

 
2,310,203

 
353,503

 
1,776,891

 
28,137,181

Total loan and leases
$
1,013,454

 
$
12,282,635

 
$
542,028

 
$
4,403,792

 
$
310,093

 
$
5,293,917

 
$
2,339,072

 
$
357,385

 
$
1,780,404

 
$
28,322,780


 
December 31, 2018
(Dollars in thousands)
Construction
and land
development
- commercial
 
Commercial
mortgage
 
Other
commercial
real estate
 
Commercial
and industrial and leases
 
Other
 
Residential
mortgage
 
Revolving
mortgage
 
Construction
and land
development
- non-commercial
 
Consumer
 
Total
Non-PCI Loans
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan and lease losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
ALLL for loans and leases individually evaluated for impairment
$
490

 
$
2,671

 
$
42

 
$
1,137

 
$
105

 
$
1,901

 
$
2,515

 
$
81

 
$
885

 
$
9,827

ALLL for loans and leases collectively evaluated for impairment
34,780

 
40,780

 
2,439

 
54,483

 
2,116

 
13,571

 
19,347

 
2,269

 
34,956

 
204,741

Total allowance for loan and lease losses
$
35,270

 
$
43,451

 
$
2,481

 
$
55,620

 
$
2,221

 
$
15,472

 
$
21,862

 
$
2,350

 
$
35,841

 
$
214,568

Loans and leases:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans and leases individually evaluated for impairment
$
2,175

 
$
55,447

 
$
860

 
$
9,868

 
$
291

 
$
42,168

 
$
28,852

 
$
3,749

 
$
3,020

 
$
146,430

Loans and leases collectively evaluated for impairment
755,679

 
10,661,787

 
426,125

 
3,928,862

 
296,133

 
4,223,519

 
2,514,123

 
253,281

 
1,710,761

 
24,770,270

Total loan and leases
$
757,854

 
$
10,717,234

 
$
426,985

 
$
3,938,730

 
$
296,424

 
$
4,265,687

 
$
2,542,975

 
$
257,030

 
$
1,713,781

 
$
24,916,700

 
Activity in the PCI allowance and balances for years ended December 31, 2019, 2018 and 2017 is summarized as follows:
(Dollars in thousands)
2019
 
2018
 
2017
Allowance for loan losses:
 
 
 
 
 
Balance at January 1
$
9,144

 
$
10,026

 
$
13,769

Provision credits
(1,608
)
 
(765
)
 
(3,447
)
Charge-offs
—

 
(117
)
 
(296
)
Recoveries
—

 
—

 
—

Balance at December 31
$
7,536

 
$
9,144

 
$
10,026



The following table presents the PCI allowance and recorded investment in loans at December 31, 2019 and 2018.
(Dollars in thousands)
December 31, 2019
 
December 31, 2018
Allowance for loan losses:
 
 
 
ALLL for loans acquired with deteriorated credit quality
$
7,536

 
$
9,144

Loans acquired with deteriorated credit quality
558,716

 
606,576
Allowance for Loan and Lease Losses
The following tables present the recorded investment and related allowance in non-PCI impaired loans and leases by class of loans, as well as the unpaid principle balance.
 
December 31, 2019
(Dollars in thousands)
With a
recorded
allowance
 
With no
recorded
allowance
 
Total
 
Unpaid
principal
balance
 
Related
allowance
recorded
Non-PCI impaired loans and leases
 
 
 
 
 
 
 
 
 
Commercial:
 
 
 
 
 
 
 
 
 
Construction and land development
$
1,851

 
$
2,804

 
$
4,655

 
$
5,109

 
$
463

Commercial mortgage
42,394

 
27,755

 
70,149

 
74,804

 
3,650

Other commercial real estate
318

 
950

 
1,268

 
1,360

 
39

Commercial and industrial and leases
7,547

 
4,635

 
12,182

 
13,993

 
1,379

Other
406

 
233

 
639

 
661

 
103

Total commercial loans
52,516

 
36,377

 
88,893

 
95,927

 
5,634

Noncommercial:
 
 
 
 
 
 
 
 
 
Residential mortgage
48,796

 
11,646

 
60,442

 
64,741

 
3,278

Revolving mortgage
26,104

 
2,765

 
28,869

 
31,960

 
2,722

Construction and land development
2,470

 
1,412

 
3,882

 
4,150

 
174

Consumer
3,472

 
41

 
3,513

 
3,821

 
1,107

Total noncommercial loans
$
80,842

 
$
15,864

 
$
96,706

 
$
104,672

 
$
7,281

Total non-PCI impaired loans and leases
$
133,358

 
$
52,241

 
$
185,599

 
$
200,599

 
$
12,915

 
 
 
 
 
 
 
 
 
 
 
December 31, 2018
(Dollars in thousands)
With a
recorded
allowance
 
With no
recorded
allowance
 
Total
 
Unpaid
principal
balance
 
Related
allowance
recorded
Non-PCI impaired loans and leases
 
 
 
 
 
 
 
 
 
Commercial:
 
 
 
 
 
 
 
 
 
Construction and land development
$
1,897

 
$
278

 
$
2,175

 
$
2,606

 
$
490

Commercial mortgage
34,177

 
21,270

 
55,447

 
61,317

 
2,671

Other commercial real estate
243

 
617

 
860

 
946

 
42

Commercial and industrial and leases
7,153

 
2,715

 
9,868

 
14,695

 
1,137

Other
216

 
75

 
291

 
301

 
105

Total commercial loans
43,686

 
24,955

 
68,641

 
79,865

 
4,445

Noncommercial:
 
 
 
 
 
 
 
 
 
Residential mortgage
40,359

 
1,809

 
42,168

 
45,226

 
1,901

Revolving mortgage
25,751

 
3,101

 
28,852

 
31,371

 
2,515

Construction and land development
2,337

 
1,412

 
3,749

 
4,035

 
81

Consumer
2,940

 
80

 
3,020

 
3,405

 
885

Total noncommercial loans
71,387

 
6,402

 
77,789

 
84,037

 
5,382

Total non-PCI impaired loans and leases
$
115,073

 
$
31,357

 
$
146,430

 
$
163,902

 
$
9,827


Non-PCI impaired loans less than $500,000 that were collectively evaluated were $41.0 million and $47.1 million at December 31, 2019, and 2018, respectively.
The following tables show the average non-PCI impaired loan balance and the interest income recognized by loan class for the years ended December 31, 2019, 2018 and 2017:
 
2019
 
2018
 
2017
(Dollars in thousands)
Average
Balance
 
Interest Income Recognized
 
Average
Balance
 
Interest Income Recognized
 
Average
Balance
 
Interest Income Recognized
Non-PCI impaired loans and leases:
 
 
 
 
 
 
 
 
 
 
 
Commercial:
 
 
 
 
 
 
 
 
 
 
 
Construction and land development
$
3,915

 
$
53

 
$
1,734

 
$
84

 
$
858

 
$
37

Commercial mortgage
64,363

 
2,188

 
65,943

 
2,569

 
73,815

 
2,596

Other commercial real estate
919

 
27

 
1,225

 
43

 
1,642

 
34

Commercial and industrial and leases
11,884

 
482

 
9,560

 
364

 
11,600

 
427

Other
396

 
11

 
135

 
3

 
426

 
22

Total commercial
81,477

 
2,761

 
78,597

 
3,063

 
88,341

 
3,116

Noncommercial:
 
 
 
 
 
 
 
 
 
 
 
Residential mortgage
52,045

 
1,386

 
41,368

 
1,237

 
33,818

 
990

Revolving mortgage
29,516

 
1,009

 
26,759

 
900

 
14,022

 
436

Construction and land development
3,589

 
116

 
3,677

 
172

 
3,383

 
145

Consumer
3,311

 
138

 
2,722

 
116

 
2,169

 
103

Total noncommercial
88,461

 
2,649

 
74,526

 
2,425

 
53,392

 
1,674

Total non-PCI impaired loans and leases
$
169,938

 
$
5,410

 
$
153,123

 
$
5,488

 
$
141,733

 
$
4,790

 
 
 
 
 
 
 
 
 
 
 
 
Troubled Debt Restructuring, Summary of Accrual Status

The following table provides a summary of total TDRs by accrual status. Total TDRs at December 31, 2019, were $171.2 million, of which $154.0 million were non-PCI and $17.2 million were PCI. Total TDRs at December 31, 2018, were $156.1 million, of which $137.9 million were non-PCI and $18.2 million were PCI. Total TDRs at December 31, 2017, were $164.6 million, of which $146.1 million were non-PCI and $18.5 million were PCI.
 
December 31, 2019
 
December 31, 2018
 
December 31, 2017
(Dollars in thousands)
Accruing
 
Nonaccruing
 
 Total
 
 Accruing
 
Nonaccruing
 
 Total
 
Accruing
 
Nonaccruing
 
Total
Commercial loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Construction and land development
$
487

 
$
2,279

 
$
2,766

 
$
1,946

 
$
352

 
$
2,298

 
$
4,089

 
$
483

 
$
4,572

Commercial mortgage
50,819

 
11,116

 
61,935

 
53,270

 
7,795

 
61,065

 
62,358

 
15,863

 
78,221

Other commercial real estate
571

 
—

 
571

 
851

 
9

 
860

 
1,012

 
788

 
1,800

Commercial and industrial and leases
9,430

 
2,409

 
11,839

 
7,986

 
2,060

 
10,046

 
8,320

 
1,958

 
10,278

Other
320

 
105

 
425

 
118

 
173

 
291

 
521

 
—

 
521

Total commercial loans
61,627

 
15,909

 
77,536

 
64,171

 
10,389

 
74,560

 
76,300

 
19,092

 
95,392

Noncommercial:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential mortgage
41,813

 
16,048

 
57,861

 
37,903

 
9,621

 
47,524

 
34,067

 
9,475

 
43,542

Revolving mortgage
21,032

 
7,367

 
28,399

 
20,492

 
8,196

 
28,688

 
17,673

 
5,180

 
22,853

Construction and land development
1,452

 
2,430

 
3,882

 
2,227

 
110

 
2,337

 
—

 
—

 
—

Consumer
2,826

 
688

 
3,514

 
2,300

 
721

 
3,021

 
2,351

 
423

 
2,774

Total noncommercial loans
67,123

 
26,533

 
93,656

 
62,922

 
18,648

 
81,570

 
54,091

 
15,078

 
69,169

Total loans
$
128,750

 
$
42,442

 
$
171,192

 
$
127,093

 
$
29,037

 
$
156,130

 
$
130,391

 
$
34,170

 
$
164,561
Troubled Debt Restructurings on Financing Receivables
 
2019
 
2018
 
2017
 
All restructurings
 
Restructurings with payment default
 
All restructurings
 
Restructurings with payment default
 
All restructurings
 
Restructurings with payment default
 
Number of Loans
Recorded investment at period end
 
Number of Loans
Recorded investment at period end
 
Number of Loans
Recorded investment at period end
 
Number of Loans
Recorded investment at period end
 
Number of Loans
Recorded investment at period end
 
Number of Loans
Recorded investment at period end
(Dollars in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans and leases
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest only period provided
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial loans
11
$
1,595

 
1
$
238

 
3
$
1,003

 
—
$
—

 
5
$
1,124

 
1
$
634

Noncommercial loans
7
4,018

 
2
2,717

 
—
—

 
—
—

 
1
82

 
—
—

Total interest only
18
5,613

 
3
2,955

 
3
1,003

 
—
—

 
6
1,206

 
1
634

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loan term extension
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial loans
16
3,904

 
5
533

 
21
3,933

 
4
675

 
13
3,007

 
—
—

Noncommercial loans
2
342

 
1
306

 
21
1,554

 
4
190

 
34
3,510

 
2
273

Total loan term extension
18
4,246

 
6
839

 
42
5,487

 
8
865

 
47
6,517

 
2
273

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Below market interest rate
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial loans
90
13,932

 
24
2,634

 
85
12,859

 
24
2,998

 
92
14,811

 
32
3,392

Noncommercial loans
176
12,458

 
66
4,014

 
184
15,545

 
68
5,461

 
271
15,601

 
78
4,591

Total below market interest rate
266
26,390

 
90
6,648

 
269
28,404

 
92
8,459

 
363
30,412

 
110
7,983

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Discharged from bankruptcy
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial loans
25
5,571

 
20
5,028

 
26
2,043

 
8
825

 
39
3,012

 
26
708

Noncommercial loans
178
10,349

 
71
4,239

 
151
6,617

 
56
3,169

 
177
7,853

 
65
2,392

Total discharged from bankruptcy
203
15,920

 
91
9,267

 
177
8,660

 
64
3,994

 
216
10,865

 
91
3,100

Total restructurings
505
$
52,169

 
190
$
19,709

 
491
$
43,554

 
164
$
13,318

 
632
$
49,000

 
204
$
11,990