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Allowance for Loan and Lease Losses | 9 Months Ended
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Sep. 30, 2018
Receivables [Abstract] |
Allowance | NOTE E - ALLOWANCE FOR LOAN AND LEASE LOSSES (ALLL) During the third quarter of 2018, BancShares (“the Company”) enhanced its allowance for loan and lease losses (“ALLL”) methodology. Specifically, the Company updated its credit quality indicators used in the ALLL estimation to aggregate credit quality by borrower classification code and add a facility risk rating which provides additional granularity of risks by collateral type. The enhancement to the ALLL is part of the Company’s planned transition to a dual risk grading process which will be implemented during the fourth quarter of 2018. Significant growth in the Company’s loan portfolios, both organically and through acquisitions, is prompting the need to enhance the credit grading process and provide additional granularity in assessing credit risks. This change in estimate resulted in an immaterial impact to the financial statements, which is reflected in the Allowance for loan and lease losses and Provision for loan and lease losses. The following tables present the activity in the ALLL for non-PCI loan and lease losses by loan class for the three and nine months ended September 30, 2018 and September 30, 2017:
| Three months ended September 30, 2018
(Dollars in thousands) | Construction and land development - commercial |  | Commercial mortgage |  | Other commercial real estate |  | Commercial and industrial |  | Lease financing |  | Other |  | Residential mortgage |  | Revolving mortgage |  | Construction and land development - non- commercial |  | Consumer |  | Total
Non-PCI Loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for loan and lease losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at July 1 | $ | 23,664 |  |  | $ | 44,465 |  |  | $ | 3,823 |  |  | $ | 57,330 |  |  | $ | 3,981 |  |  | $ | 4,691 |  |  | $ | 17,802 |  |  | $ | 21,886 |  |  | $ | 4,027 |  |  | $ | 30,773 |  |  | $ | 212,442 |
Provision | 8,702 |  |  | (2,870 | ) |  | (1,219 | ) |  | (9,271 | ) |  | 4,011 |  |  | (2,404 | ) |  | (1,828 | ) |  | 465 |  |  | (1,203 | ) |  | 7,971 |  |  | 2,354 |
Charge-offs | (35 | ) |  | (606 | ) |  | — |  |  | (1,256 | ) |  | (850 | ) |  | (56 | ) |  | (360 | ) |  | (759 | ) |  | — |  |  | (5,525 | ) |  | (9,447 | )
Recoveries | 136 |  |  | 99 |  |  | 1 |  |  | 494 |  |  | 3 |  |  | 117 |  |  | 128 |  |  | 712 |  |  | — |  |  | 1,249 |  |  | 2,939 |
Balance at September 30 | $ | 32,467 |  |  | $ | 41,088 |  |  | $ | 2,605 |  |  | $ | 47,297 |  |  | $ | 7,145 |  |  | $ | 2,348 |  |  | $ | 15,742 |  |  | $ | 22,304 |  |  | $ | 2,824 |  |  | $ | 34,468 |  |  | $ | 208,288 |
| Three months ended September 30, 2017
(Dollars in thousands) | Construction and land development - commercial |  | Commercial mortgage |  | Other commercial real estate |  | Commercial and industrial |  | Lease financing |  | Other |  | Residential mortgage |  | Revolving mortgage |  | Construction and land development - non- commercial |  | Consumer |  | Total
Balance at July 1 | $ | 33,559 |  |  | $ | 49,746 |  |  | $ | 3,612 |  |  | $ | 51,068 |  |  | $ | 6,404 |  |  | $ | 3,302 |  |  | $ | 15,843 |  |  | $ | 22,465 |  |  | $ | 1,503 |  |  | $ | 27,800 |  |  | $ | 215,302 |
Provision | (5,150 | ) |  | (71 | ) |  | 891 |  |  | 5,621 |  |  | 884 |  |  | 58 |  |  | 531 |  |  | 842 |  |  | 92 |  |  | 4,785 |  |  | 8,483 |
Charge-offs | (9 | ) |  | (39 | ) |  | — |  |  | (1,275 | ) |  | (687 | ) |  | (666 | ) |  | (604 | ) |  | (218 | ) |  | — |  |  | (4,996 | ) |  | (8,494 | )
Recoveries | 56 |  |  | 1,446 |  |  | 8 |  |  | 433 |  |  | 3 |  |  | 123 |  |  | 92 |  |  | 228 |  |  | — |  |  | 1,203 |  |  | 3,592 |
Balance at September 30 | $ | 28,456 |  |  | $ | 51,082 |  |  | $ | 4,511 |  |  | $ | 55,847 |  |  | $ | 6,604 |  |  | $ | 2,817 |  |  | $ | 15,862 |  |  | $ | 23,317 |  |  | $ | 1,595 |  |  | $ | 28,792 |  |  | $ | 218,883 |
| Nine months ended September 30, 2018
(Dollars in thousands) | Construction and land development - commercial |  | Commercial mortgage |  | Other commercial real estate |  | Commercial and industrial |  | Lease financing |  | Other |  | Residential mortgage |  | Revolving mortgage |  | Construction and land development - non- commercial |  | Consumer |  | Total
Balance at January 1 | $ | 24,470 |  |  | $ | 45,005 |  |  | $ | 4,571 |  |  | $ | 53,697 |  |  | $ | 6,127 |  |  | $ | 4,689 |  |  | $ | 15,706 |  |  | $ | 22,436 |  |  | $ | 3,962 |  |  | $ | 31,204 |  |  | $ | 211,867 |
Provision | 7,788 |  |  | (3,369 | ) |  | (2,044 | ) |  | (4,026 | ) |  | 3,119 |  |  | (2,403 | ) |  | 1,176 |  |  | 1,220 |  |  | (1,046 | ) |  | 15,468 |  |  | 15,883 |
Charge-offs | (43 | ) |  | (1,111 | ) |  | (69 | ) |  | (4,725 | ) |  | (2,149 | ) |  | (98 | ) |  | (1,455 | ) |  | (2,778 | ) |  | (219 | ) |  | (16,092 | ) |  | (28,739 | )
Recoveries | 252 |  |  | 563 |  |  | 147 |  |  | 2,351 |  |  | 48 |  |  | 160 |  |  | 315 |  |  | 1,426 |  |  | 127 |  |  | 3,888 |  |  | 9,277 |
Balance at September 30 | $ | 32,467 |  |  | $ | 41,088 |  |  | $ | 2,605 |  |  | $ | 47,297 |  |  | $ | 7,145 |  |  | $ | 2,348 |  |  | $ | 15,742 |  |  | $ | 22,304 |  |  | $ | 2,824 |  |  | $ | 34,468 |  |  | $ | 208,288 |
| Nine months ended September 30, 2017
(Dollars in thousands) | Construction and land development - commercial |  | Commercial mortgage |  | Other commercial real estate |  | Commercial and industrial |  | Lease financing |  | Other |  | Residential mortgage |  | Revolving mortgage |  | Construction and land development - non- commercial |  | Consumer |  | Total
Balance at January 1 | $ | 28,877 |  |  | $ | 48,278 |  |  | $ | 3,269 |  |  | $ | 50,225 |  |  | $ | 5,907 |  |  | $ | 3,127 |  |  | $ | 14,447 |  |  | $ | 21,013 |  |  | $ | 1,596 |  |  | $ | 28,287 |  |  | $ | 205,026 |
Provision | (242 | ) |  | 574 |  |  | 1,228 |  |  | 10,181 |  |  | 1,645 |  |  | 299 |  |  | 2,037 |  |  | 2,446 |  |  | (1 | ) |  | 11,144 |  |  | 29,311 |
Charge-offs | (499 | ) |  | (311 | ) |  | (5 | ) |  | (7,649 | ) |  | (957 | ) |  | (853 | ) |  | (1,076 | ) |  | (1,323 | ) |  | — |  |  | (14,015 | ) |  | (26,688 | )
Recoveries | 320 |  |  | 2,541 |  |  | 19 |  |  | 3,090 |  |  | 9 |  |  | 244 |  |  | 454 |  |  | 1,181 |  |  | — |  |  | 3,376 |  |  | 11,234 |
Balance at September 30 | $ | 28,456 |  |  | $ | 51,082 |  |  | $ | 4,511 |  |  | $ | 55,847 |  |  | $ | 6,604 |  |  | $ | 2,817 |  |  | $ | 15,862 |  |  | $ | 23,317 |  |  | $ | 1,595 |  |  | $ | 28,792 |  |  | $ | 218,883 |
The following tables present the allowance for non-PCI loan and lease losses and the recorded investment in loans, by loan class, based on impairment method as of September 30, 2018 and December 31, 2017:
| September 30, 2018
(Dollars in thousands) | Construction and land development - commercial |  | Commercial mortgage |  | Other commercial real estate |  | Commercial and industrial |  | Lease financing |  | Other |  | Residential mortgage |  | Revolving mortgage |  | Construction and land development - non-commercial |  | Consumer |  | Total
Allowance for loan and lease losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
ALLL for loans and leases individually evaluated for impairment | $ | 296 |  |  | $ | 2,983 |  |  | $ | 46 |  |  | $ | 1,133 |  |  | $ | 135 |  |  | $ | 18 |  |  | $ | 2,791 |  |  | $ | 2,759 |  |  | $ | 501 |  |  | $ | 763 |  |  | $ | 11,425 |
ALLL for loans and leases collectively evaluated for impairment | 32,171 |  |  | 38,105 |  |  | 2,559 |  |  | 46,164 |  |  | 7,010 |  |  | 2,330 |  |  | 12,951 |  |  | 19,545 |  |  | 2,323 |  |  | 33,705 |  |  | 196,863 |
Total allowance for loan and lease losses | $ | 32,467 |  |  | $ | 41,088 |  |  | $ | 2,605 |  |  | $ | 47,297 |  |  | $ | 7,145 |  |  | $ | 2,348 |  |  | $ | 15,742 |  |  | $ | 22,304 |  |  | $ | 2,824 |  |  | $ | 34,468 |  |  | $ | 208,288 |
Loans and leases: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans and leases individually evaluated for impairment | $ | 2,175 |  |  | $ | 63,412 |  |  | $ | 929 |  |  | $ | 9,048 |  |  | $ | 1,042 |  |  | $ | 241 |  |  | $ | 42,617 |  |  | $ | 28,089 |  |  | $ | 4,236 |  |  | $ | 2,887 |  |  | $ | 154,676 |
Loans and leases collectively evaluated for impairment | 677,028 |  |  | 10,422,960 |  |  | 470,603 |  |  | 3,180,289 |  |  | 615,909 |  |  | 296,747 |  |  | 4,030,618 |  |  | 2,542,007 |  |  | 237,200 |  |  | 1,620,292 |  |  | 24,093,653 |
Total loan and leases | $ | 679,203 |  |  | $ | 10,486,372 |  |  | $ | 471,532 |  |  | $ | 3,189,337 |  |  | $ | 616,951 |  |  | $ | 296,988 |  |  | $ | 4,073,235 |  |  | $ | 2,570,096 |  |  | $ | 241,436 |  |  | $ | 1,623,179 |  |  | $ | 24,248,329 |
| December 31, 2017
(Dollars in thousands) | Construction and land development - commercial |  | Commercial mortgage |  | Other commercial real estate |  | Commercial and industrial |  | Lease financing |  | Other |  | Residential mortgage |  | Revolving mortgage |  | Construction and land development - non-commercial |  | Consumer |  | Total
Allowance for loan and lease losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
ALLL for loans and leases individually evaluated for impairment | $ | 185 |  |  | $ | 3,648 |  |  | $ | 209 |  |  | $ | 665 |  |  | $ | 397 |  |  | $ | — |  |  | $ | 2,733 |  |  | $ | 1,085 |  |  | $ | 68 |  |  | $ | 738 |  |  | $ | 9,728 |
ALLL for loans and leases collectively evaluated for impairment | 24,285 |  |  | 41,357 |  |  | 4,362 |  |  | 53,032 |  |  | 5,730 |  |  | 4,689 |  |  | 12,973 |  |  | 21,351 |  |  | 3,894 |  |  | 30,466 |  |  | 202,139 |
Total allowance for loan and lease losses | $ | 24,470 |  |  | $ | 45,005 |  |  | $ | 4,571 |  |  | $ | 53,697 |  |  | $ | 6,127 |  |  | $ | 4,689 |  |  | $ | 15,706 |  |  | $ | 22,436 |  |  | $ | 3,962 |  |  | $ | 31,204 |  |  | $ | 211,867 |
Loans and leases: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans and leases individually evaluated for impairment | $ | 788 |  |  | $ | 73,655 |  |  | $ | 1,857 |  |  | $ | 7,974 |  |  | $ | 1,914 |  |  | $ | 521 |  |  | $ | 37,842 |  |  | $ | 23,770 |  |  | $ | 4,551 |  |  | $ | 2,774 |  |  | $ | 155,646 |
Loans and leases collectively evaluated for impairment | 668,427 |  |  | 9,655,367 |  |  | 471,576 |  |  | 2,722,433 |  |  | 892,887 |  |  | 301,655 |  |  | 3,485,944 |  |  | 2,677,755 |  |  | 243,738 |  |  | 1,558,399 |  |  | 22,678,181 |
Total loan and leases | $ | 669,215 |  |  | $ | 9,729,022 |  |  | $ | 473,433 |  |  | $ | 2,730,407 |  |  | $ | 894,801 |  |  | $ | 302,176 |  |  | $ | 3,523,786 |  |  | $ | 2,701,525 |  |  | $ | 248,289 |  |  | $ | 1,561,173 |  |  | $ | 22,833,827 |
The following tables show the activity in the allowance for PCI loan losses for the three and nine months ended September 30, 2018 and September 30, 2017.
(Dollars in thousands) | Three months ended September 30, 2018 |  | Three months ended September 30, 2017
PCI Loans |  |  |
Allowance for loan and lease losses: |  |  |
Balance at July 1 | $ | 12,423 |  |  | $ | 13,496 |
Provision | (1,514 | ) |  | (537 | )
Charge-offs | — |  |  | — |
Recoveries | — |  |  | — |
Balance at September 30 | $ | 10,909 |  |  | $ | 12,959 |
| Nine months ended September 30, 2018 |  | Nine months ended September 30, 2017
Balance at January 1 | $ | 10,026 |  |  | $ | 13,769 |
Provision | 1,000 |  |  | (810 | )
Charge-offs | (117 | ) |  | — |
Recoveries | — |  |  | — |
Balance at September 30 | $ | 10,909 |  |  | $ | 12,959 |
The following table shows the ending balances of PCI loans and related allowance as of September 30, 2018 and December 31, 2017:
(Dollars in thousands) | September 30, 2018 |  | December 31, 2017
ALLL for loans acquired with deteriorated credit quality | $ | 10,909 |  |  | $ | 10,026 |
Loans acquired with deteriorated credit quality | 638,018 |  |  | 762,998 |
As of September 30, 2018 and December 31, 2017, $190.8 million and $279.8 million, respectively, in PCI loans experienced an adverse change in expected cash flows since the date of acquisition. The following tables provide information on non-PCI impaired loans and leases individually evaluated as of September 30, 2018 and December 31, 2017.
| September 30, 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: |  |  |  |  |  |  |  |  |
Construction and land development - commercial | $ | 2,175 |  |  | $ | — |  |  | $ | 2,175 |  |  | $ | 2,600 |  |  | $ | 296 |
Commercial mortgage | 34,860 |  |  | 28,552 |  |  | 63,412 |  |  | 70,501 |  |  | 2,983 |
Other commercial real estate | 199 |  |  | 730 |  |  | 929 |  |  | 1,104 |  |  | 46 |
Commercial and industrial | 6,573 |  |  | 2,475 |  |  | 9,048 |  |  | 14,050 |  |  | 1,133 |
Lease financing | 755 |  |  | 287 |  |  | 1,042 |  |  | 1,894 |  |  | 135 |
Other | 241 |  |  | — |  |  | 241 |  |  | 246 |  |  | 18 |
Residential mortgage | 40,128 |  |  | 2,489 |  |  | 42,617 |  |  | 45,528 |  |  | 2,791 |
Revolving mortgage | 24,953 |  |  | 3,136 |  |  | 28,089 |  |  | 30,463 |  |  | 2,759 |
Construction and land development - noncommercial | 4,236 |  |  | — |  |  | 4,236 |  |  | 4,527 |  |  | 501 |
Consumer | 2,799 |  |  | 88 |  |  | 2,887 |  |  | 3,198 |  |  | 763 |
Total non-PCI impaired loans and leases | $ | 116,919 |  |  | $ | 37,757 |  |  | $ | 154,676 |  |  | $ | 174,111 |  |  | $ | 11,425 |
| December 31, 2017
(Dollars in thousands) | With a recorded allowance |  | With no recorded allowance |  | Total |  | Unpaid principal balance |  | Related allowance recorded
Non-PCI impaired loans and leases: |  |  |  |  |  |  |  |  |
Construction and land development - commercial | $ | 788 |  |  | $ | — |  |  | $ | 788 |  |  | $ | 1,110 |  |  | $ | 185 |
Commercial mortgage | 39,135 |  |  | 34,520 |  |  | 73,655 |  |  | 78,936 |  |  | 3,648 |
Other commercial real estate | 1,351 |  |  | 506 |  |  | 1,857 |  |  | 2,267 |  |  | 209 |
Commercial and industrial | 6,326 |  |  | 1,648 |  |  | 7,974 |  |  | 10,475 |  |  | 665 |
Lease financing | 1,890 |  |  | 24 |  |  | 1,914 |  |  | 2,571 |  |  | 397 |
Other | — |  |  | 521 |  |  | 521 |  |  | 521 |  |  | — |
Residential mortgage | 19,135 |  |  | 18,707 |  |  | 37,842 |  |  | 39,946 |  |  | 2,733 |
Revolving mortgage | 5,875 |  |  | 17,895 |  |  | 23,770 |  |  | 25,941 |  |  | 1,085 |
Construction and land development - noncommercial | 592 |  |  | 3,959 |  |  | 4,551 |  |  | 5,224 |  |  | 68 |
Consumer | 2,107 |  |  | 667 |  |  | 2,774 |  |  | 3,043 |  |  | 738 |
Total non-PCI impaired loans and leases | $ | 77,199 |  |  | $ | 78,447 |  |  | $ | 155,646 |  |  | $ | 170,034 |  |  | $ | 9,728 |
Non-PCI impaired loans less than $500,000 that are collectively evaluated were $43.8 million and $49.1 million at September 30, 2018 and December 31, 2017, respectively. The following tables show the average non-PCI impaired loan balance and the interest income recognized by loan class for the three and nine months ended September 30, 2018 and September 30, 2017:
| Three months ended September 30, 2018 |  | Three months ended September 30, 2017
(Dollars in thousands) | Average balance |  | Interest income recognized |  | Average balance |  | Interest income recognized
Non-PCI impaired loans and leases: |  |  |  |  |  |  |
Construction and land development - commercial | $ | 2,101 |  |  | $ | 27 |  |  | $ | 754 |  |  | $ | 8 |
Commercial mortgage | 63,752 |  |  | 583 |  |  | 73,099 |  |  | 653 |
Other commercial real estate | 950 |  |  | 10 |  |  | 1,720 |  |  | 8 |
Commercial and industrial | 8,278 |  |  | 83 |  |  | 9,501 |  |  | 96 |
Lease financing | 1,032 |  |  | 9 |  |  | 1,752 |  |  | 12 |
Other | 205 |  |  | 1 |  |  | 557 |  |  | 8 |
Residential mortgage | 42,601 |  |  | 330 |  |  | 31,290 |  |  | 228 |
Revolving mortgage | 27,503 |  |  | 234 |  |  | 18,066 |  |  | 150 |
Construction and land development - noncommercial | 3,190 |  |  | 42 |  |  | 3,676 |  |  | 35 |
Consumer | 2,769 |  |  | 31 |  |  | 2,233 |  |  | 27 |
Total non-PCI impaired loans and leases | $ | 152,381 |  |  | $ | 1,350 |  |  | $ | 142,648 |  |  | $ | 1,225 |
| Nine months ended September 30, 2018 |  | Nine months ended September 30, 2017
(Dollars in thousands) | Average balance |  | Interest income recognized |  | Average balance |  | Interest income recognized
Non-PCI impaired loans and leases: |  |  |  |  |  |  |
Construction and land development - commercial | $ | 1,580 |  |  | $ | 55 |  |  | $ | 926 |  |  | $ | 31 |
Commercial mortgage | 68,043 |  |  | 1,953 |  |  | 74,177 |  |  | 1,946 |
Other commercial real estate | 1,336 |  |  | 33 |  |  | 1,610 |  |  | 25 |
Commercial and industrial | 7,796 |  |  | 235 |  |  | 10,396 |  |  | 298 |
Lease financing | 1,704 |  |  | 34 |  |  | 1,744 |  |  | 40 |
Other | 90 |  |  | 1 |  |  | 396 |  |  | 15 |
Residential mortgage | 41,124 |  |  | 903 |  |  | 33,673 |  |  | 753 |
Revolving mortgage | 26,228 |  |  | 657 |  |  | 11,506 |  |  | 269 |
Construction and land development - noncommercial | 3,607 |  |  | 134 |  |  | 3,155 |  |  | 101 |
Consumer | 2,644 |  |  | 87 |  |  | 2,062 |  |  | 74 |
Total non-PCI impaired loans and leases | $ | 154,152 |  |  | $ | 4,092 |  |  | $ | 139,645 |  |  | $ | 3,552 |
Troubled Debt Restructurings BancShares accounts for certain loan modifications or restructurings as troubled debt restructurings (TDRs). In general, the modification or restructuring of a loan is considered a TDR if, for economic reasons or legal reasons related to a borrower's financial difficulties, a concession is granted to the borrower that creditors would not otherwise consider. Concessions may relate to the contractual interest rate, maturity date, payment structure or other actions. The majority of TDRs are included in the special mention, substandard or doubtful credit quality indicators, which results in more elevated loss expectations when projecting the expected cash flows that are used to determine the allowance for loan losses associated with these loans. The lower the credit quality indicator, the lower the estimated expected cash flows and the greater the allowance recorded. All TDRs are individually evaluated for impairment through review of collateral values or analysis of cash flows at least annually. The following table provides a summary of total TDRs by accrual status. Total TDRs included $18.4 million of PCI TDRs at both September 30, 2018 and December 31, 2017.
| September 30, 2018 |  | December 31, 2017
(Dollars in thousands) | Accruing |  | Nonaccruing |  | Total |  | Accruing |  | Nonaccruing |  | Total
Commercial loans |  |  |  |  |  |  |  |  |  |  |
Construction and land development - commercial | $ | 2,020 |  |  | $ | 330 |  |  | $ | 2,350 |  |  | $ | 4,089 |  |  | $ | 483 |  |  | $ | 4,572 |
Commercial mortgage | 55,362 |  |  | 12,302 |  |  | 67,664 |  |  | 62,358 |  |  | 15,863 |  |  | 78,221 |
Other commercial real estate | 899 |  |  | 30 |  |  | 929 |  |  | 1,012 |  |  | 788 |  |  | 1,800 |
Commercial and industrial | 7,762 |  |  | 1,557 |  |  | 9,319 |  |  | 7,598 |  |  | 910 |  |  | 8,508 |
Lease financing | 628 |  |  | 319 |  |  | 947 |  |  | 722 |  |  | 1,048 |  |  | 1,770 |
Other | 119 |  |  | 123 |  |  | 242 |  |  | 521 |  |  | — |  |  | 521 |
Total commercial TDRs | 66,790 |  |  | 14,661 |  |  | 81,451 |  |  | 76,300 |  |  | 19,092 |  |  | 95,392 |
Noncommercial |  |  |  |  |  |  |  |  |  |  |
Residential mortgage | 38,169 |  |  | 8,723 |  |  | 46,892 |  |  | 34,067 |  |  | 9,475 |  |  | 43,542 |
Revolving mortgage | 20,577 |  |  | 7,340 |  |  | 27,917 |  |  | 17,673 |  |  | 5,180 |  |  | 22,853 |
Construction and land development - noncommercial | 2,673 |  |  | 151 |  |  | 2,824 |  |  | — |  |  | — |  |  | — |
Consumer and other | 2,402 |  |  | 485 |  |  | 2,887 |  |  | 2,351 |  |  | 423 |  |  | 2,774 |
Total noncommercial TDRs | 63,821 |  |  | 16,699 |  |  | 80,520 |  |  | 54,091 |  |  | 15,078 |  |  | 69,169 |
Total TDRs | $ | 130,611 |  |  | $ | 31,360 |  |  | $ | 161,971 |  |  | $ | 130,391 |  |  | $ | 34,170 |  |  | $ | 164,561 |
The following table provides the types of TDRs made during the three and nine months ended September 30, 2018 and September 30, 2017, as well as a summary of loans that were modified as a TDR during the twelve month periods ended September 30, 2018 and September 30, 2017 that subsequently defaulted during the three and nine months ended September 30, 2018 and September 30, 2017. BancShares defines payment default as movement of the TDR to nonaccrual status, which is generally 90 days past due for TDRs, foreclosure or charge-off, whichever occurs first.
| Three months ended September 30, 2018 |  | Three months ended September 30, 2017
| All restructurings |  | Restructurings with payment default |  | All restructurings |  | Restructurings with payment default
(Dollars in thousands) | 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
Loans and leases |  |  |  |  |  |  |  |  |  |  |
Interest only | 1 |  | $ | 300 |  |  | — |  | $ | — |  |  | 3 |  | $ | 696 |  |  | — |  | $ | — |
Loan term extension | 9 |  | 2,565 |  |  | 2 |  | 327 |  |  | 6 |  | 156 |  |  | — |  | — |
Below market interest rate | 56 |  | 7,109 |  |  | 32 |  | 2,832 |  |  | 63 |  | 6,859 |  |  | 27 |  | 1,956 |
Discharged from bankruptcy | 38 |  | 1,833 |  |  | 16 |  | 607 |  |  | 43 |  | 5,469 |  |  | 40 |  | 2,315 |
Total restructurings | 104 |  | $ | 11,807 |  |  | 50 |  | $ | 3,766 |  |  | 115 |  | $ | 13,180 |  |  | 67 |  | $ | 4,271 |
| Nine months ended September 30, 2018 |  | Nine months ended September 30, 2017
| All restructurings |  | Restructurings with payment default |  | All restructurings |  | Restructurings with payment default
(Dollars in thousands) | 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
Loans and leases |  |  |  |  |  |  |  |  |  |  |
Interest only | 3 |  | $ | 1,136 |  |  | 2 |  | $ | 836 |  |  | 6 |  | $ | 1,180 |  |  | 1 |  | $ | 328 |
Loan term extension | 32 |  | 4,414 |  |  | 9 |  | 943 |  |  | 31 |  | 2,787 |  |  | 1 |  | 31 |
Below market interest rate | 211 |  | 24,245 |  |  | 82 |  | 6,098 |  |  | 238 |  | 19,526 |  |  | 75 |  | 5,332 |
Discharged from bankruptcy | 139 |  | 7,360 |  |  | 69 |  | 3,595 |  |  | 151 |  | 9,681 |  |  | 78 |  | 4,802 |
Total restructurings | 385 |  | $ | 37,155 |  |  | 162 |  | $ | 11,472 |  |  | 426 |  | $ | 33,174 |  |  | 155 |  | $ | 10,493 |
For the three and nine months ended September 30, 2018 and September 30, 2017, the pre-modification and post-modification outstanding recorded investments of loans modified as TDRs were not materially different.

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- Definition The entire disclosure for allowance for credit losses. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -URI http://asc.fasb.org/topic&trid=2196771 + Details
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