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Allowance For Loan Losses (Tables)
 9 Months Ended
Sep. 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 nine-month periods ended September 30, 2019 and September 30, 2018 is summarized in the following tables.
 
 
Three Months Ended
September 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
$
17,370

 
$
10,377

 
$
5,065

 
$
8,869

 
$
12,265

 
$
57

 
$
54,003

Charge-offs
585

 
8

 
—

 
85

 
1,801

 
—

 
2,479

Recoveries
403

 
246

 
432

 
98

 
1,183

 
—

 
2,362

Net charge-offs/(recoveries)
182

 
(238
)
 
(432
)
 
(13
)
 
618

 
—

 
117

Provision/(recovery)
1,238

 
(177
)
 
(65
)
 
49

 
908

 
14

 
1,967

Ending balance
$
18,426

 
$
10,438

 
$
5,432

 
$
8,931

 
$
12,555

 
$
71

 
$
55,853

 
 
Three Months Ended
September 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
$
14,478

 
$
9,406

 
$
4,652

 
$
9,245

 
$
11,671

 
$
—

 
$
49,452

Charge-offs
993

 
23

 
26

 
61

 
2,371

 
—

 
3,474

Recoveries
136

 
27

 
156

 
130

 
875

 
4

 
1,328

Net charge-offs/(recoveries)
857

 
(4
)
 
(130
)
 
(69
)
 
1,496

 
(4
)
 
2,146

Provision/(recovery)
1,394

 
337

 
(187
)
 
(212
)
 
1,612

 
(4
)
 
2,940

Ending balance
$
15,015

 
$
9,747

 
$
4,595

 
$
9,102

 
$
11,787

 
$
—

 
$
50,246


 
Nine Months Ended
September 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
1,498

 
401

 
—

 
176

 
6,319

 
—

 
8,394

Recoveries
983

 
360

 
543

 
640

 
3,824

 
1

 
6,351

Net charge-offs/(recoveries)
515

 
41

 
(543
)
 
(464
)
 
2,495

 
(1
)
 
2,043

Provision/(recovery)
2,164

 
711

 
426

 
(264
)
 
3,277

 
70

 
6,384

Ending balance
$
18,426

 
$
10,438

 
$
5,432

 
$
8,931

 
$
12,555

 
$
71

 
$
55,853

 
 
Nine Months Ended
September 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
1,929

 
252

 
57

 
279

 
7,123

 
—

 
9,640

Recoveries
994

 
203

 
435

 
734

 
2,942

 
4

 
5,312

Net charge-offs/(recoveries)
935

 
49

 
(378
)
 
(455
)
 
4,181

 
(4
)
 
4,328

Provision/(recovery)
928

 
195

 
(213
)
 
(674
)
 
4,354

 
(4
)
 
4,586

Ending balance
$
15,015

 
$
9,747

 
$
4,595

 
$
9,102

 
$
11,787

 
$
—

 
$
50,246
Composition Of The Allowance For Loan Losses
The composition of the allowance for loan losses at September 30, 2019 and December 31, 2018 was as follows:
 
 
September 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
$
2,917

 
$
30

 
$
—

 
$
111

 
$
—

 
$
25

 
$
3,083

Collectively evaluated for impairment
15,509

 
10,408

 
5,432

 
8,820

 
12,555

 
46

 
52,770

Acquired with deteriorated credit quality (1)
—

 
—

 
—

 
—

 
—

 
—

 
—

Total ending allowance balance
$
18,426

 
$
10,438

 
$
5,432

 
$
8,931

 
$
12,555

 
$
71

 
$
55,853

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loan balance:
 

 
 

 
 

 
 

 
 

 
 

 
 

Loans individually evaluated for impairment
$
31,472

 
$
38,758

 
$
1,869

 
$
2,237

 
$
—

 
$
88

 
$
74,424

Loans collectively evaluated for impairment
1,103,885

 
1,550,422

 
314,942

 
1,878,615

 
1,430,397

 
30,476

 
6,308,737

Loans acquired with deteriorated credit quality (1)
4,781

 
10,517

 
1,358

 
3,259

 
3

 
568

 
20,486

Total ending loan balance
$
1,140,138

 
$
1,599,697

 
$
318,169

 
$
1,884,111

 
$
1,430,400

 
$
31,132

 
$
6,403,647

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan losses as a percentage of loan balance:
 

 
 

 
 

 
 

 
 

 
 

 
 

Loans individually evaluated for impairment
9.27
%
 
0.08
%
 
—
%
 
4.96
%
 
—
%
 
28.41
%
 
4.14
%
Loans collectively evaluated for impairment
1.40
%
 
0.67
%
 
1.72
%
 
0.47
%
 
0.88
%
 
0.15
%
 
0.84
%
Loans acquired with deteriorated credit quality
—
%
 
—
%
 
—
%
 
—
%
 
—
%
 
—
%
 
—
%
Total
1.62
%
 
0.65
%
 
1.71
%
 
0.47
%
 
0.88
%
 
0.23
%
 
0.87
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Recorded investment:
 

 
 

 
 

 
 

 
 

 
 

 
 

Loans individually evaluated for impairment
$
31,485

 
$
38,799

 
$
1,868

 
$
2,238

 
$
—

 
$
88

 
$
74,478

Loans collectively evaluated for impairment
1,109,254

 
1,556,070

 
315,927

 
1,882,543

 
1,434,343

 
30,506

 
6,328,643

Loans acquired with deteriorated credit quality (1)
4,803

 
10,595

 
1,388

 
3,277

 
3

 
568

 
20,634

Total ending recorded investment
$
1,145,542

 
$
1,605,464

 
$
319,183

 
$
1,888,058

 
$
1,434,346

 
$
31,162

 
$
6,423,755

  (1) Excludes loans acquired with deteriorated credit quality which are individually evaluated for impairment due to additional credit deterioration or modification post-acquisition. These loans had a balance of $11,000, a recorded investment of $11,000, and no allowance as of September 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 or modification post acquisition. These loans had a balance of $475,000, a recorded investment of $475,000, and no allowance as of December 31, 2018.