Loans Acquired (Tables)

6 Months Ended

Jun. 30, 2019

The various categories of loans are summarized as follows:



(In thousands)	June 30, 2019		December 31, 2018
Consumer:
Credit cards	$	187,919	$	204,173
Other consumer	207,445		201,297
Total consumer	395,364		405,470
Real Estate:
Construction	1,540,352		1,300,723
Single family residential	1,444,525		1,440,443
Other commercial	3,531,273		3,225,287
Total real estate	6,516,150		5,966,453
Commercial:
Commercial	1,871,695		1,774,909
Agricultural	191,922		164,514
Total commercial	2,063,617		1,939,423
Other	287,366		119,042
Loans	9,262,497		8,430,388
Loans acquired, net of discount and allowance ⁽¹⁾	3,864,516		3,292,783
Total loans	$	13,127,013	$	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 and six months ended June 30, 2019 and 2018.



	Three Months Ended June 30, 2019						Six Months Ended June 30, 2019
(In thousands)	Accretable Yield			Carrying Amount of Loans			Accretable Yield			Carrying Amount of Loans
Beginning balance	$	1,468		$	3,651		$	1,460		$	4,050
Additions	—			175			—			175
Accretable yield adjustments	11			—			28			—
Accretion	(18		)	18			(27		)	27
Payments and other reductions, net	—			(357		)	—			(765		)
Balance, ending	$	1,461		$	3,487		$	1,461		$	3,487



	Three Months Ended June 30, 2018						Six Months Ended June 30, 2018
(In thousands)	Accretable Yield			Carrying Amount of Loans			Accretable Yield			Carrying Amount of Loans
Beginning balance	$	1,369		$	17,605		$	620		$	17,116
Additions	—			—			—			—
Accretable yield adjustments	44			—			1,178			—
Accretion	(31		)	31			(416		)	416
Payments and other reductions, net	—			(3,641		)	—			(3,537		)
Balance, ending	$	1,382		$	13,995		$	1,382		$	13,995

The following table reflects the carrying value of all loans acquired as of June 30, 2019 and December 31, 2018:



	Loans Acquired
(In thousands)	June 30, 2019		December 31, 2018
Consumer:
Other consumer	$	9,704	$	15,658
Real estate:
Construction	426,482		429,605
Single family residential	554,534		566,188
Other commercial	2,461,136		1,848,679
Total real estate	3,442,152		2,844,472
Commercial:
Commercial	411,577		430,914
Agricultural	1,083		1,739
Total commercial	412,660		432,653
Total loans acquired ⁽¹⁾	$	3,864,516	$	3,292,783

________________________

(1) Loans acquired are reported net of a $1,112,000 and $95,000 allowance at June 30, 2019 and December 31, 2018, respectively.

Nonaccrual Loans

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



(In thousands)	June 30, 2019		December 31, 2018
Consumer:
Credit cards	$	327	$	296
Other consumer	1,571		2,159
Total consumer	1,898		2,455
Real estate:
Construction	2,140		1,269
Single family residential	15,648		11,939
Other commercial	9,847		7,205
Total real estate	27,635		20,413
Commercial:
Commercial	31,240		10,049
Agricultural	1,183		1,284
Total commercial	32,423		11,333
Total	$	61,956	$	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)	June 30, 2019		December 31, 2018

Consumer:
Other consumer	$	149	$	140
Real estate:
Construction	8,221		114
Single family residential	6,482		6,603
Other commercial	8,973		1,167
Total real estate	23,676		7,884
Commercial:
Commercial	7,858		13,578
Agricultural	20		38
Total commercial	7,878		13,616
Total	$	31,703	$	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
June 30, 2019
Consumer:
Credit cards	$	704	$	556	$	1,260	$	186,659	$	187,919	$	230
Other consumer	2,800		579		3,379		204,066		207,445		2
Total consumer	3,504		1,135		4,639		390,725		395,364		232
Real estate:
Construction	4,031		989		5,020		1,535,332		1,540,352		—
Single family residential	8,976		6,754		15,730		1,428,795		1,444,525		17
Other commercial	3,972		5,107		9,079		3,522,194		3,531,273		—
Total real estate	16,979		12,850		29,829		6,486,321		6,516,150		17
Commercial:
Commercial	6,364		7,778		14,142		1,857,553		1,871,695		18
Agricultural	242		898		1,140		190,782		191,922		—
Total commercial	6,606		8,676		15,282		2,048,335		2,063,617		18
Other	—		—		—		287,366		287,366		—
Total	$	27,089	$	22,661	$	49,750	$	9,212,747	$	9,262,497	$	267

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

June 30, 2019
Consumer:
Other consumer	$	254	$	42	$	296	$	9,408	$	9,704	$	—
Real estate:
Construction	4		8,107		8,111		418,371		426,482		—
Single family residential	5,265		2,547		7,812		546,722		554,534		2
Other commercial	10,626		8,497		19,123		2,442,013		2,461,136		—
Total real estate	15,895		19,151		35,046		3,407,106		3,442,152		2
Commercial:
Commercial	338		7,321		7,659		403,918		411,577		—
Agricultural	—				—		1,083		1,083		—
Total commercial	338		7,321		7,659		405,001		412,660		—

Total	$	16,487	$	26,514	$	43,001	$	3,821,515	$	3,864,516	$	2



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 June 30, 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
June 30, 2019
Consumer:
Credit cards	$	187,363	$	—	$	556	$	—	$	—	$	187,919
Other consumer	205,416		—		2,029		—		—		207,445
Total consumer	392,779		—		2,585		—		—		395,364
Real estate:
Construction	1,536,632		477		3,243		—		—		1,540,352
Single family residential	1,420,143		2,674		21,481		227		—		1,444,525
Other commercial	3,487,955		21,143		22,175		—		—		3,531,273
Total real estate	6,444,730		24,294		46,899		227		—		6,516,150
Commercial:
Commercial	1,821,027		9,349		41,319		—		—		1,871,695
Agricultural	190,445		74		1,403		—		—		191,922
Total commercial	2,011,472		9,423		42,722		—		—		2,063,617
Other	287,366		—		—		—		—		287,366
Loans acquired	3,727,652		56,531		80,009		324		—		3,864,516
Total	$	12,863,999	$	90,248	$	172,215	$	551	$	—	$	13,127,013



(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

June 30, 2019
Consumer:
Other consumer	$	9,532	$	—	$	172	$	—	$	—	$	9,704
Real estate:
Construction	400,925		17,928		7,629		—		—		426,482
Single family residential	539,716		1,833		12,661		324		—		554,534
Other commercial	2,382,022		35,233		43,881		—		—		2,461,136
Total real estate	3,322,663		54,994		64,171		324		—		3,442,152
Commercial:
Commercial	394,439		1,537		15,601		—		—		411,577
Agricultural	1,018		—		65		—		—		1,083
Total commercial	395,457		1,537		15,666		—		—		412,660

Total	$	3,727,652	$	56,531	$	80,009	$	324	$	—	$	3,864,516



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