Loans Acquired (Tables)

3 Months Ended

Mar. 31, 2019

The various categories of loans are summarized as follows:



(In thousands)	March 31, 2019		December 31, 2018
Consumer:
Credit cards	$	181,549	$	204,173
Other consumer	213,659		201,297
Total consumer	395,208		405,470
Real Estate:
Construction	1,376,162		1,300,723
Single family residential	1,431,407		1,440,443
Other commercial	3,355,109		3,225,287
Total real estate	6,162,678		5,966,453
Commercial:
Commercial	1,801,422		1,774,909
Agricultural	147,216		164,514
Total commercial	1,948,638		1,939,423
Other	178,026		119,042
Loans	8,684,550		8,430,388
Loans acquired, net of discount and allowance ⁽¹⁾	3,056,187		3,292,783
Total loans	$	11,740,737	$	11,723,171

_____________________________

(1) See Note 5, Loans Acquired, for segregation of loans acquired by loan class.

Changes in the carrying amount of the accretable yield for all purchased impaired loans were as follows for the three months ended March 31, 2019 and 2018.



	Three Months Ended March 31, 2019						Three Months Ended March 31, 2018
(In thousands)	Accretable Yield			Carrying Amount of Loans			Accretable Yield			Carrying Amount of Loans
Beginning balance	$	1,460		$	4,050		$	620		$	17,116
Additions	—			—			—			—
Accretable yield adjustments	17			—			1,134			—
Accretion	(9		)	9			(385		)	385
Payments and other reductions, net	—			(408		)	—			104
Balance, ending	$	1,468		$	3,651		$	1,369		$	17,605

he following table reflects the carrying value of all loans acquired as of March 31, 2019 and December 31, 2018:



	Loans Acquired
(In thousands)	March 31, 2019		December 31, 2018
Consumer:
Other consumer	$	11,979	$	15,658
Real estate:
Construction	404,512		429,605
Single family residential	533,917		566,188
Other commercial	1,730,472		1,848,679
Total real estate	2,668,901		2,844,472
Commercial:
Commercial	374,033		430,914
Agricultural	1,274		1,739
Total commercial	375,307		432,653
Total loans acquired ⁽¹⁾	$	3,056,187	$	3,292,783

________________________

(1) Loans acquired are reported net of a $1,312,000 and $95,000 allowance at March 31, 2019 and December 31, 2018, respectively.

Nonaccrual Loans

Nonaccrual loans, excluding loans acquired, segregated by class of loans, are as follows:



(In thousands)	March 31, 2019		December 31, 2018
Consumer:
Credit cards	$	338	$	296
Other consumer	1,555		2,159
Total consumer	1,893		2,455
Real estate:
Construction	2,570		1,269
Single family residential	15,324		11,939
Other commercial	8,612		7,205
Total real estate	26,506		20,413
Commercial:
Commercial	31,409		10,049
Agricultural	1,117		1,284
Total commercial	32,526		11,333
Total	$	60,925	$	34,201

Nonaccrual loans acquired, excluding purchased credit impaired loans accounted for under ASC Topic 310-30, segregated by class of loans, are as follows (see Note 4, Loans and Allowance for Loan Losses, for discussion of nonaccrual loans):



(In thousands)	March 31, 2019		December 31, 2018

Consumer:
Other consumer	$	149	$	140
Real estate:
Construction	130		114
Single family residential	6,342		6,603
Other commercial	8,973		1,167
Total real estate	15,445		7,884
Commercial:
Commercial	3,117		13,578
Agricultural	20		38
Total commercial	3,137		13,616
Total	$	18,731	$	21,640

Past Due Loans

An age analysis of past due loans, excluding loans acquired, segregated by class of loans, is as follows:



(In thousands)	Gross 30-89 Days Past Due		90 Days or More Past Due		Total Past Due		Current		Total Loans		90 Days Past Due & Accruing
March 31, 2019
Consumer:
Credit cards	$	733	$	561	$	1,294	$	180,255	$	181,549	$	222
Other consumer	3,018		489		3,507		210,152		213,659		52
Total consumer	3,751		1,050		4,801		390,407		395,208		274
Real estate:
Construction	961		909		1,870		1,374,292		1,376,162		—
Single family residential	10,226		5,491		15,717		1,415,690		1,431,407		7
Other commercial	4,384		4,652		9,036		3,346,073		3,355,109		—
Total real estate	15,571		11,052		26,623		6,136,055		6,162,678		7
Commercial:
Commercial	6,845		8,611		15,456		1,785,966		1,801,422		—
Agricultural	202		954		1,156		146,060		147,216		—
Total commercial	7,047		9,565		16,612		1,932,026		1,948,638		—
Other	—		—		—		178,026		178,026		—
Total	$	26,369	$	21,667	$	48,036	$	8,636,514	$	8,684,550	$	281

December 31, 2018
Consumer:
Credit cards	$	1,033	$	506	$	1,539	$	202,634	$	204,173	$	209
Other consumer	4,264		896		5,160		196,137		201,297		4
Total consumer	5,297		1,402		6,699		398,771		405,470		213
Real estate:
Construction	533		308		841		1,299,882		1,300,723		—
Single family residential	7,769		4,127		11,896		1,428,547		1,440,443		—
Other commercial	3,379		2,773		6,152		3,219,135		3,225,287		—
Total real estate	11,681		7,208		18,889		5,947,564		5,966,453		—
Commercial:
Commercial	4,472		5,105		9,577		1,765,332		1,774,909		11
Agricultural	467		1,055		1,522		162,992		164,514		—
Total commercial	4,939		6,160		11,099		1,928,324		1,939,423		11
Other	—		—		—		119,042		119,042		—
Total	$	21,917	$	14,770	$	36,687	$	8,393,701	$	8,430,388	$	224

An age analysis of past due loans acquired segregated by class of loans, is as follows (see Note 4, Loans and Allowance for Loan Losses, for discussion of past due loans):



(In thousands)	Gross 30-89 Days Past Due		90 Days or More Past Due		Total Past Due		Current		Total Loans		90 Days Past Due & Accruing

March 31, 2019
Consumer:
Other consumer	$	94	$	77	$	171	$	11,808	$	11,979	$	—
Real estate:
Construction	5		8,122		8,127		396,385		404,512		—
Single family residential	5,058		2,583		7,641		526,276		533,917		24
Other commercial	305		8,267		8,572		1,721,900		1,730,472		—
Total real estate	5,368		18,972		24,340		2,644,561		2,668,901		24
Commercial:
Commercial	7,265		6,673		13,938		360,095		374,033		—
Agricultural	—		—		—		1,274		1,274		—
Total commercial	7,265		6,673		13,938		361,369		375,307		—

Total	$	12,727	$	25,722	$	38,449	$	3,017,738	$	3,056,187	$	24



(In thousands)	Gross 30-89 Days Past Due		90 Days or More Past Due		Total Past Due		Current		Total Loans		90 Days Past Due & Accruing

December 31, 2018
Consumer:
Other consumer	$	337	$	49	$	386	$	15,272	$	15,658	$	2
Real estate:
Construction	8,283		27		8,310		421,295		429,605		—
Single family residential	4,706		3,049		7,755		558,433		566,188		—
Other commercial	168		577		745		1,847,934		1,848,679		—
Total real estate	13,157		3,653		16,810		2,827,662		2,844,472		—
Commercial:
Commercial	1,302		9,542		10,844		420,070		430,914		—
Agricultural	31		5		36		1,703		1,739		—
Total commercial	1,333		9,547		10,880		421,773		432,653		—

Total	$	14,827	$	13,249	$	28,076	$	3,264,707	$	3,292,783	$	2

Loans by Credit Risk Ratings

The following table presents a summary of loans by credit risk rating as of March 31, 2019 and December 31, 2018, segregated by class of loans. Loans accounted for under ASC Topic 310-30 are all included in Risk Rate 1-4 in this table.



(In thousands)	Risk Rate 1-4		Risk Rate 5		Risk Rate 6		Risk Rate 7		Risk Rate 8		Total
March 31, 2019
Consumer:
Credit cards	$	180,988	$	—	$	561	$	—	$	—	$	181,549
Other consumer	211,642		—		2,017		—		—		213,659
Total consumer	392,630		—		2,578		—		—		395,208
Real estate:
Construction	1,372,113		443		3,606		—		—		1,376,162
Single family residential	1,407,554		1,784		21,839		230		—		1,431,407
Other commercial	3,313,139		21,629		20,341		—		—		3,355,109
Total real estate	6,092,806		23,856		45,786		230		—		6,162,678
Commercial:
Commercial	1,745,162		9,671		46,589		—		—		1,801,422
Agricultural	145,828		67		1,321		—		—		147,216
Total commercial	1,890,990		9,738		47,910		—		—		1,948,638
Other	178,026		—		—		—		—		178,026
Loans acquired	2,930,179		45,157		80,515		336		—		3,056,187
Total	$	11,484,631	$	78,751	$	176,789	$	566	$	—	$	11,740,737



(In thousands)	Risk Rate 1-4		Risk Rate 5		Risk Rate 6		Risk Rate 7		Risk Rate 8		Total
December 31, 2018
Consumer:
Credit cards	$	203,667	$	—	$	506	$	—	$	—	$	204,173
Other consumer	198,840		—		2,457		—		—		201,297
Total consumer	402,507		—		2,963		—		—		405,470
Real estate:
Construction	1,296,988		1,910		1,825		—		—		1,300,723
Single family residential	1,420,052		1,628		18,528		235		—		1,440,443
Other commercial	3,193,289		17,169		14,829		—		—		3,225,287
Total real estate	5,910,329		20,707		35,182		235		—		5,966,453
Commercial:
Commercial	1,742,002		8,357		24,550		—		—		1,774,909
Agricultural	162,824		75		1,615		—		—		164,514
Total commercial	1,904,826		8,432		26,165		—		—		1,939,423
Other	119,042		—		—		—		—		119,042
Loans acquired	3,187,083		51,255		54,097		348		—		3,292,783
Total	$	11,523,787	$	80,394	$	118,407	$	583	$	—	$	11,723,171

The following table presents a summary of loans acquired by credit risk rating, segregated by class of loans (see Note 4, Loans and Allowance for Loan Losses, for discussion of loan risk rating). Loans accounted for under ASC Topic 310-30 are all included in Risk Rate 1-4 in this table.



(In thousands)	Risk Rate 1-4		Risk Rate 5		Risk Rate 6		Risk Rate 7		Risk Rate 8		Total

March 31, 2019
Consumer:
Other consumer	$	11,715	$	—	$	264	$	—	$	—	$	11,979
Real estate:
Construction	369,267		27,475		7,770		—		—		404,512
Single family residential	520,159		2,049		11,373		336		—		533,917
Other commercial	1,675,051		11,894		43,527		—		—		1,730,472
Total real estate	2,564,477		41,418		62,670		336		—		2,668,901
Commercial:
Commercial	352,779		3,739		17,515		—		—		374,033
Agricultural	1,208		—		66		—		—		1,274
Total commercial	353,987		3,739		17,581		—		—		375,307

Total	$	2,930,179	$	45,157	$	80,515	$	336	$	—	$	3,056,187



(In thousands)	Risk Rate 1-4		Risk Rate 5		Risk Rate 6		Risk Rate 7		Risk Rate 8		Total

December 31, 2018
Consumer:
Other consumer	$	15,380	$	—	$	278	$	—	$	—	$	15,658
Real estate:
Construction	393,122		27,621		8,862		—		—		429,605
Single family residential	553,460		2,081		10,299		348		—		566,188
Other commercial	1,822,179		9,137		17,363		—		—		1,848,679
Total real estate	2,768,761		38,839		36,524		348		—		2,844,472
Commercial:
Commercial	401,300		12,416		17,198		—		—		430,914
Agricultural	1,642		—		97		—		—		1,739
Total commercial	402,942		12,416		17,295		—		—		432,653

Total	$	3,187,083	$	51,255	$	54,097	$	348	$	—	$	3,292,783