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Allowance For Loan Losses (Tables)
 6 Months Ended
Jun. 30, 2019
Financing Receivable, Allowance for Credit Loss, Writeoff, after Recovery [Abstract]  
Activity In The Allowance For Loan Losses
The activity in the allowance for loan losses for the three-month and six-month periods ended June 30, 2019 and June 30, 2018 is summarized in the following tables.
 
 
Three Months Ended
June 30, 2019
(In thousands)
Commercial,
financial and
agricultural
 
Commercial
real estate
 
Construction
real estate
 
Residential
real estate
 
Consumer
 
Leases
 
Total
Allowance for loan losses:
 

 
 

 
 

 
 

 
 

 
 

 
 

Beginning balance
$
17,337

 
$
10,193

 
$
4,564

 
$
9,170

 
$
12,104

 
$
—

 
$
53,368

Charge-offs
715

 
339

 
—

 
62

 
1,812

 
—

 
2,928

Recoveries
164

 
55

 
23

 
160

 
1,241

 
1

 
1,644

Net charge-offs/(recoveries)
551

 
284

 
(23
)
 
(98
)
 
571

 
(1
)
 
1,284

Provision/(recovery)
584

 
468

 
478

 
(399
)
 
732

 
56

 
1,919

Ending balance
$
17,370

 
$
10,377

 
$
5,065

 
$
8,869

 
$
12,265

 
$
57

 
$
54,003

 
 
Three Months Ended
June 30, 2018
(In thousands)
Commercial,
financial and
agricultural
 
Commercial
real estate
 
Construction
real estate
 
Residential
real estate
 
Consumer
 
Leases
 
Total
Allowance for loan losses:
 

 
 

 
 

 
 

 
 

 
 

 
 

Beginning balance
$
14,077

 
$
9,488

 
$
4,463

 
$
9,415

 
$
11,526

 
$
—

 
$
48,969

Charge-offs
287

 
182

 
31

 
102

 
2,114

 
—

 
2,716

Recoveries
206

 
89

 
220

 
244

 
1,054

 
—

 
1,813

Net charge-offs/(recoveries)
81

 
93

 
(189
)
 
(142
)
 
1,060

 
—

 
903

Provision/(recovery)
482

 
11

 
—

 
(312
)
 
1,205

 
—

 
1,386

Ending balance
$
14,478

 
$
9,406

 
$
4,652

 
$
9,245

 
$
11,671

 
$
—

 
$
49,452


 
Six Months Ended
June 30, 2019
(In thousands)
Commercial,
financial and
agricultural
 
Commercial
real estate
 
Construction
real estate
 
Residential
real estate
 
Consumer
 
Leases
 
Total
Allowance for loan losses:
 

 
 

 
 

 
 

 
 

 
 

 
 

Beginning balance
$
16,777

 
$
9,768

 
$
4,463

 
$
8,731

 
$
11,773

 
$
—

 
$
51,512

Charge-offs
913

 
393

 
—

 
91

 
4,518

 
—

 
5,915

Recoveries
580

 
114

 
111

 
542

 
2,641

 
1

 
3,989

Net charge-offs/(recoveries)
333

 
279

 
(111
)
 
(451
)
 
1,877

 
(1
)
 
1,926

Provision/(recovery)
926

 
888

 
491

 
(313
)
 
2,369

 
56

 
4,417

Ending balance
$
17,370

 
$
10,377

 
$
5,065

 
$
8,869

 
$
12,265

 
$
57

 
$
54,003

 
 
Six Months Ended
June 30, 2018
(In thousands)
Commercial,
financial and
agricultural
 
Commercial
real estate
 
Construction
real estate
 
Residential
real estate
 
Consumer
 
Leases
 
Total
Allowance for loan losses:
 

 
 

 
 

 
 

 
 

 
 

 
 

Beginning balance
$
15,022

 
$
9,601

 
$
4,430

 
$
9,321

 
$
11,614

 
$
—

 
$
49,988

Charge-offs
936

 
229

 
31

 
218

 
4,752

 
—

 
6,166

Recoveries
858

 
176

 
279

 
604

 
2,067

 
—

 
3,984

Net charge-offs/(recoveries)
78

 
53

 
(248
)
 
(386
)
 
2,685

 
—

 
2,182

(Recovery)/provision
(466
)
 
(142
)
 
(26
)
 
(462
)
 
2,742

 
—

 
1,646

Ending balance
$
14,478

 
$
9,406

 
$
4,652

 
$
9,245

 
$
11,671

 
$
—

 
$
49,452
Composition Of The Allowance For Loan Losses
The composition of the allowance for loan losses at June 30, 2019 and December 31, 2018 was as follows:
 
 
June 30, 2019
(In thousands)
Commercial,
financial and
agricultural
 
Commercial
real estate
 
Construction
real estate
 
Residential
real estate
 
Consumer
 
Leases
 
Total
Allowance for loan losses:
 

 
 

 
 

 
 

 
 

 
 

 
 

Ending allowance balance attributed to loans:
 

 
 

 
 

 
 

 
 

 
 

 
 

Individually evaluated for impairment
$
2,279

 
$
48

 
$
3

 
$
21

 
$
—

 
$
28

 
$
2,379

Collectively evaluated for impairment
15,091

 
10,329

 
5,062

 
8,848

 
12,265

 
29

 
51,624

Acquired with deteriorated credit quality (1)
—

 
—

 
—

 
—

 
—

 
—

 
—

Total ending allowance balance
$
17,370

 
$
10,377

 
$
5,065

 
$
8,869

 
$
12,265

 
$
57

 
$
54,003

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loan balance:
 

 
 

 
 

 
 

 
 

 
 

 
 

Loans individually evaluated for impairment
$
19,586

 
$
26,432

 
$
2,243

 
$
1,873

 
$
—

 
$
91

 
$
50,225

Loans collectively evaluated for impairment
1,135,656

 
1,571,913

 
310,321

 
1,892,083

 
1,363,183

 
30,329

 
6,303,485

Loans acquired with deteriorated credit quality (1)
3,814

 
13,946

 
1,383

 
3,247

 
3

 
634

 
23,027

Total ending loan balance
$
1,159,056

 
$
1,612,291

 
$
313,947

 
$
1,897,203

 
$
1,363,186

 
$
31,054

 
$
6,376,737

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan losses as a percentage of loan balance:
 

 
 

 
 

 
 

 
 

 
 

 
 

Loans individually evaluated for impairment
11.64
%
 
0.18
%
 
0.13
%
 
1.12
%
 
—
%
 
30.77
%
 
4.74
%
Loans collectively evaluated for impairment
1.33
%
 
0.66
%
 
1.63
%
 
0.47
%
 
0.90
%
 
0.10
%
 
0.82
%
Loans acquired with deteriorated credit quality
—
%
 
—
%
 
—
%
 
—
%
 
—
%
 
—
%
 
—
%
Total
1.50
%
 
0.64
%
 
1.61
%
 
0.47
%
 
0.90
%
 
0.18
%
 
0.85
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Recorded investment:
 

 
 

 
 

 
 

 
 

 
 

 
 

Loans individually evaluated for impairment
$
19,586

 
$
26,461

 
$
2,243

 
$
1,874

 
$
—

 
$
91

 
$
50,255

Loans collectively evaluated for impairment
1,141,030

 
1,577,436

 
311,425

 
1,896,671

 
1,367,321

 
30,347

 
6,324,230

Loans acquired with deteriorated credit quality (1)
3,836

 
14,055

 
1,405

 
3,265

 
3

 
634

 
23,198

Total ending recorded investment
$
1,164,452

 
$
1,617,952

 
$
315,073

 
$
1,901,810

 
$
1,367,324

 
$
31,072

 
$
6,397,683

  (1) Excludes loans acquired with deteriorated credit quality which are individually evaluated for impairment due to additional credit deterioration post-acquisition. These loans had a balance of $888,000, a recorded investment of $890,000, and a $3,000 allowance as of June 30, 2019.
 
 
December 31, 2018
(In thousands)
 
Commercial,
financial and
agricultural
 
Commercial
real estate
 
Construction
real estate
 
Residential
real estate
 
Consumer
 
Leases
 
Total
Allowance for loan losses:
 
 

 
 

 
 

 
 

 
 

 
 

 
 

Ending allowance balance attributed to loans:
 
 

 
 

 
 

 
 

 
 

 
 

 
 

Individually evaluated for impairment
 
$
2,169

 
$
86

 
$
—

 
$
18

 
$
—

 
$
—

 
$
2,273

Collectively evaluated for impairment
 
14,608

 
9,682

 
4,463

 
8,713

 
11,773

 
—

 
49,239

Acquired with deteriorated credit quality
 
—

 
—

 
—

 
—

 
—

 
—

 
—

Total ending allowance balance
 
$
16,777

 
$
9,768

 
$
4,463

 
$
8,731

 
$
11,773

 
$
—

 
$
51,512

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loan balance:
 
 

 
 

 
 

 
 

 
 

 
 

 
 

Loans individually evaluated for impairment
 
$
15,119

 
$
28,418

 
$
1,866

 
$
2,732

 
$
—

 
$
—

 
$
48,135

Loans collectively evaluated for impairment
 
1,057,520

 
1,251,579

 
245,909

 
1,790,637

 
1,292,136

 
2,273

 
5,640,054

Loans acquired with deteriorated credit quality (1)
 
147

 
3,048

 
499

 
249

 
—

 
—

 
3,943

Total ending loan balance
 
$
1,072,786

 
$
1,283,045

 
$
248,274

 
$
1,793,618

 
$
1,292,136

 
$
2,273

 
$
5,692,132

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan losses as a percentage of loan balance:
 
 

 
 

 
 

 
 

 
 

 
 

 
 

Loans individually evaluated for impairment
 
14.35
%
 
0.30
%
 
—
%
 
0.66
%
 
—
%
 
—
%
 
4.72
%
Loans collectively evaluated for impairment
 
1.38
%
 
0.77
%
 
1.81
%
 
0.49
%
 
0.91
%
 
—
%
 
0.87
%
Loans acquired with deteriorated credit quality
 
—
%
 
—
%
 
—
%
 
—
%
 
—
%
 
—
%
 
—
%
Total
 
1.56
%
 
0.76
%
 
1.80
%
 
0.49
%
 
0.91
%
 
—
%
 
0.90
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Recorded investment:
 
 

 
 

 
 

 
 

 
 

 
 

 
 

Loans individually evaluated for impairment
 
$
15,120

 
$
28,426

 
$
1,866

 
$
2,732

 
$
—

 
$
—

 
$
48,144

Loans collectively evaluated for impairment
 
1,062,121

 
1,256,310

 
246,864

 
1,794,207

 
1,295,892

 
2,299

 
5,657,693

Loans acquired with deteriorated credit quality (1)
 
148

 
3,059

 
503

 
251

 
—

 
—

 
3,961

Total ending recorded investment
 
$
1,077,389

 
$
1,287,795

 
$
249,233

 
$
1,797,190

 
$
1,295,892

 
$
2,299

 
$
5,709,798

 (1) Excludes loans acquired with deteriorated credit quality which are individually evaluated for impairment due to additional credit deterioration post acquisition. These loans had a balance of $475,000, a recorded investment of $475,000, and no allowance as of December 31, 2018.