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Loans and Leases | 9 Months Ended
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Sep. 30, 2020
Loans and Leases Receivable Disclosure [Abstract] |
Loans and Leases | LOANS AND LEASES BancShares’ accounting methods for loans and leases depends on whether they are originated or purchased, and if purchased, whether or not the loans reflect more than insignificant credit deterioration since origination, which is determined as of the acquisition date. Non-PCD loans consist of loans originated by BancShares and loans purchased from other institutions, that do not reflect more than insignificant credit deterioration at acquisition and are reported by loan segments and classes as defined in Note A - Accounting Polices and Basis of Presentation. Purchased loans which reflect more than insignificant credit deterioration are classified as PCD and reported as a single loan segment or class. At the date of acquisition, all acquired loans are recorded at fair value. Loans and leases outstanding included the following at September 30, 2020 and December 31, 2019:
(Dollars in thousands) | September 30, 2020 |  |
Commercial: |  |  |
Construction and land development | $ | 1,054,186 |  |  |
Owner occupied commercial mortgage | 10,683,822 |  |  |
Non-owner occupied commercial mortgage | 2,965,904 |  |  |
Commercial and industrial and leases | 4,797,344 |  |  |
SBA-PPP | 3,112,676 |  |  |
Total commercial loans | 22,613,932 |  |  |
Consumer: |  |  |
Residential mortgage | 5,463,646 |  |  |
Revolving mortgage | 2,145,506 |  |  |
Construction and land development | 347,850 |  |  |
Consumer auto | 1,234,196 |  |  |
Consumer other | 544,136 |  |  |
Total consumer loans | 9,735,334 |  |  |
Total non-PCD loans and leases | 32,349,266 |  |  |
PCD loans | 495,878 |  |  |
Total loans and leases | $ | 32,845,144 |  |  |
(Dollars in thousands) |  |  | December 31, 2019
Commercial: |  |  |
Construction and land development |  |  | $ | 1,013,454 |
Commercial mortgage |  |  | 12,282,635 |
Other commercial real estate |  |  | 542,028 |
Commercial and industrial and leases |  |  | 4,403,792 |
Other |  |  | 310,093 |
Total commercial loans |  |  | 18,552,002 |
Noncommercial: |  |  |
Residential mortgage |  |  | 5,293,917 |
Revolving mortgage |  |  | 2,339,072 |
Construction and land development |  |  | 357,385 |
Consumer |  |  | 1,780,404 |
Total noncommercial loans |  |  | 9,770,778 |
Total non-PCI loans and leases |  |  | 28,322,780 |
PCI loans |  |  | 558,716 |
Total loans and leases |  |  | $ | 28,881,496 |
Accrued interest receivable on loans at September 30, 2020 was $111.8 million and was excluded from the estimate of credit losses. Management reviewed this policy election during the second quarter of 2020 due to increased accrued interest receivable balances as a result of loan deferrals in response to COVID-19. We have concluded that the policy election remains appropriate as of September 30, 2020. At September 30, 2020, $11.81 billion in non-PCD loans with a lendable collateral value of $8.19 billion were used to secure $652.7 million in Federal Home Loan Bank (“FHLB”) of Atlanta advances, resulting in additional borrowing capacity of $7.54 billion. At December 31, 2019, $9.41 billion in non-PCD loans with a lendable collateral value of $6.57 billion were used to secure $563.7 million in FHLB of Atlanta advances, resulting in additional borrowing capacity of $6.01 billion. At September 30, 2020, $3.97 billion in non-PCD loans with a lendable collateral value of $3.21 billion were used to secure additional borrowing capacity at the Federal Reserve Bank (“FRB”). At December 31, 2019, $3.68 billion in non-PCD loans with a lendable collateral value of $2.98 billion were used to secure additional borrowing capacity at the FRB. Certain residential real estate loans are originated to be sold to investors and are recorded in loans held for sale at fair value. In addition, we may change our strategy for certain portfolio loans and decide to sell them in the secondary market. At that time, portfolio loans are transferred to loans held for sale at fair value. Loans held for sale totaled $120.3 million and $67.9 million at September 30, 2020 and December 31, 2019, respectively. Net deferred fees on non-PCD loans and leases, including unearned and unamortized costs and fees, were $83.5 million and $927 thousand at September 30, 2020 and December 31, 2019, respectively. Of the amount outstanding as of September 30, 2020, $76.0 million relates to net deferred fees and costs on SBA-PPP loans. The net unamortized discount related to purchased non-PCD loans and leases was $23.0 million at September 30, 2020 and $30.9 million at December 31, 2019. The net unamortized discount related to PCD loans and leases was $49.2 million at September 30, 2020 and $88.2 million at December 31, 2019. The aging of the outstanding loans and leases, by class, at September 30, 2020 and December 31, 2019 is provided in the tables below. Loans and leases past due 30 days or less are considered current as various grace periods allow borrowers to make payments within a stated period after the due date and still remain in compliance with the loan agreement.
| September 30, 2020
(Dollars in thousands) | 30-59 days past due |  | 60-89 days past due |  | 90 days or greater |  | Total past due |  | Current |  | Total loans and leases
Commercial: |  |  |  |  |  |  |  |  |  |  |
Construction and land development | $ | 7,860 |  |  | $ | — |  |  | $ | 1,502 |  |  | $ | 9,362 |  |  | $ | 1,044,824 |  |  | $ | 1,054,186 |
Owner occupied commercial mortgage | 23,354 |  |  | 5,212 |  |  | 6,695 |  |  | 35,261 |  |  | 10,648,561 |  |  | 10,683,822 |
Non-owner occupied commercial mortgage | 9,854 |  |  | 7,381 |  |  | 6,671 |  |  | 23,906 |  |  | 2,941,998 |  |  | 2,965,904 |
Commercial and industrial and leases | 8,401 |  |  | 3,920 |  |  | 3,862 |  |  | 16,183 |  |  | 4,781,161 |  |  | 4,797,344 |
SBA-PPP | — |  |  | — |  |  | — |  |  | — |  |  | 3,112,676 |  |  | 3,112,676 |
Total commercial loans | 49,469 |  |  | 16,513 |  |  | 18,730 |  |  | 84,712 |  |  | 22,529,220 |  |  | 22,613,932 |
Consumer: |  |  |  |  |  |  |  |  |  |  |
Residential mortgage | 37,921 |  |  | 5,811 |  |  | 36,441 |  |  | 80,173 |  |  | 5,383,473 |  |  | 5,463,646 |
Revolving mortgage | 8,477 |  |  | 1,582 |  |  | 7,508 |  |  | 17,567 |  |  | 2,127,939 |  |  | 2,145,506 |
Construction and land development | 923 |  |  | — |  |  | 312 |  |  | 1,235 |  |  | 346,615 |  |  | 347,850 |
Consumer auto | 4,245 |  |  | 1,059 |  |  | 910 |  |  | 6,214 |  |  | 1,227,982 |  |  | 1,234,196 |
Consumer other | 4,490 |  |  | 1,324 |  |  | 1,467 |  |  | 7,281 |  |  | 536,855 |  |  | 544,136 |
Total consumer loans | 56,056 |  |  | 9,776 |  |  | 46,638 |  |  | 112,470 |  |  | 9,622,864 |  |  | 9,735,334 |
PCD loans | 16,298 |  |  | 3,201 |  |  | 32,438 |  |  | 51,937 |  |  | 443,941 |  |  | 495,878 |
Total loans and leases | $ | 121,823 |  |  | $ | 29,490 |  |  | $ | 97,806 |  |  | $ | 249,119 |  |  | $ | 32,596,025 |  |  | $ | 32,845,144 |
| December 31, 2019
(Dollars in thousands) | 30-59 days past due |  | 60-89 days past due |  | 90 days or greater |  | Total past due |  | Current |  | Total loans and leases
Commercial: |  |  |  |  |  |  |  |  |  |  |
Construction and land development | $ | 3,146 |  |  | $ | 195 |  |  | $ | 2,702 |  |  | $ | 6,043 |  |  | $ | 1,007,411 |  |  | $ | 1,013,454 |
Commercial mortgage | 20,389 |  |  | 8,774 |  |  | 8,319 |  |  | 37,482 |  |  | 12,245,153 |  |  | 12,282,635 |
Other commercial real estate | 861 |  |  | 331 |  |  | 698 |  |  | 1,890 |  |  | 540,138 |  |  | 542,028 |
Commercial and industrial and leases | 18,269 |  |  | 4,842 |  |  | 5,032 |  |  | 28,143 |  |  | 4,375,649 |  |  | 4,403,792 |
Other | 51 |  |  | 411 |  |  | 126 |  |  | 588 |  |  | 309,505 |  |  | 310,093 |
Total commercial loans | 42,716 |  |  | 14,553 |  |  | 16,877 |  |  | 74,146 |  |  | 18,477,856 |  |  | 18,552,002 |
Noncommercial: |  |  |  |  |  |  |  |  |  |  |
Residential mortgage | 45,839 |  |  | 18,289 |  |  | 24,409 |  |  | 88,537 |  |  | 5,205,380 |  |  | 5,293,917 |
Revolving mortgage | 9,729 |  |  | 3,468 |  |  | 9,865 |  |  | 23,062 |  |  | 2,316,010 |  |  | 2,339,072 |
Construction and land development | 977 |  |  | 218 |  |  | 1,797 |  |  | 2,992 |  |  | 354,393 |  |  | 357,385 |
Consumer | 10,481 |  |  | 3,746 |  |  | 3,571 |  |  | 17,798 |  |  | 1,762,606 |  |  | 1,780,404 |
Total noncommercial loans | 67,026 |  |  | 25,721 |  |  | 39,642 |  |  | 132,389 |  |  | 9,638,389 |  |  | 9,770,778 |
PCI loans | 26,478 |  |  | 10,784 |  |  | 28,973 |  |  | 66,235 |  |  | 492,481 |  |  | 558,716 |
Total loans and leases | $ | 136,220 |  |  | $ | 51,058 |  |  | $ | 85,492 |  |  | $ | 272,770 |  |  | $ | 28,608,726 |  |  | $ | 28,881,496 |
The amortized cost, by class, of loans and leases on nonaccrual status, and loans and leases greater than 90 days past due and still accruing at September 30, 2020 and December 31, 2019, were as follows:
| January 1, 2020(1) |  | September 30, 2020 |  |  |  |  |
(Dollars in thousands) | Nonaccrual loans and leases |  | Nonaccrual loans and leases |  | Loans and leases > 90 days and accruing |  |  |  |  |  |  |
Commercial: |  |  |  |  |  |  |  |  |  |  |  |
Construction and land development | $ | 4,281 |  |  | $ | 1,564 |  |  | $ | — |  |  |  |  |  |  |  |
Owner occupied commercial mortgage | 24,476 |  |  | 19,567 |  |  | 1,288 |  |  |  |  |  |  |  |
Non-owner occupied commercial mortgage | 5,965 |  |  | 8,258 |  |  | — |  |  |  |  |  |  |  |
Commercial and industrial and leases | 7,685 |  |  | 10,710 |  |  | 840 |  |  |  |  |  |  |  |
Total commercial loans | 42,407 |  |  | 40,099 |  |  | 2,128 |  |  |  |  |  |  |  |
Consumer: |  |  |  |  |  |  |  |  |  |  |  |
Residential mortgage | 44,357 |  |  | 63,646 |  |  | 65 |  |  |  |  |  |  |  |
Revolving mortgage | 22,411 |  |  | 22,945 |  |  | — |  |  |  |  |  |  |  |
Construction and land development | 2,828 |  |  | 689 |  |  | 215 |  |  |  |  |  |  |  |
Consumer auto | 2,145 |  |  | 2,634 |  |  | — |  |  |  |  |  |  |  |
Consumer other | 798 |  |  | 914 |  |  | 1,179 |  |  |  |  |  |  |  |
Total consumer loans | 72,539 |  |  | 90,828 |  |  | 1,459 |  |  |  |  |  |  |  |
PCD loans | 53,771 |  |  | 55,527 |  |  | — |  |  |  |  |  |  |  |
Total loans and leases | $ | 168,717 |  |  | $ | 186,454 |  |  | $ | 3,587 |  |  |  |  |  |  |  |
(1)Upon the adoption of ASC 326, BancShares eliminated the pooling of PCI loans and as a result $47.0 million in additional PCD loans were recognized as nonaccrual loans at January 1, 2020. As of September 30, 2020, $27.5 million of these loans remained outstanding. |  |
|  |  | December 31, 2019
(Dollars in thousands) |  |  |  |  | Nonaccrual loans and leases |  | Loans and leases > 90 days and accruing
Commercial: |  |  |  |  |  |  |
Construction and land development |  |  |  |  | $ | 4,281 |  |  | $ | — |
Commercial mortgage |  |  |  |  | 29,733 |  |  | — |
Commercial and industrial and leases |  |  |  |  | 7,365 |  |  | 1,094 |
Other commercial real estate |  |  |  |  | 708 |  |  | — |
Other |  |  |  |  | 320 |  |  | — |
Total commercial loans |  |  |  |  | 42,407 |  |  | 1,094 |
Noncommercial: |  |  |  |  |  |  |
Construction and land development |  |  |  |  | 2,828 |  |  | — |
Residential mortgage |  |  |  |  | 44,357 |  |  | 45 |
Revolving mortgage |  |  |  |  | 22,411 |  |  | — |
Consumer |  |  |  |  | 2,943 |  |  | 2,152 |
Total noncommercial loans |  |  |  |  | 72,539 |  |  | 2,197 |
PCI loans |  |  |  |  | 6,743 |  |  | 24,257 |
Total loans and leases |  |  |  |  | $ | 121,689 |  |  | $ | 27,548 |
Credit Quality Loans and leases are monitored for credit quality on a recurring basis. Commercial and consumer loans and leases have different credit quality indicators as a result of the unique characteristics of the loan segments being evaluated. The credit quality indicators for commercial loans and leases are borrower risk classifications developed through a review of individual borrowers on an ongoing basis. Commercial loans are evaluated at least annually, with more frequent evaluations done on criticized loans. Commercial loans are also updated if there is evidence of potential credit deterioration, such as delinquency. Commercial credit cards are included in the Commercial and industrial and leases segment, but are evaluated based primarily upon delinquency status. The risk classifications as of the date presented are based on the most recent assessment performed and are defined below: Pass – A pass rated asset is not adversely classified because it does not display any of the characteristics for adverse classification. Special mention – A special mention asset has potential weaknesses that deserve management’s close attention. If left uncorrected, such potential weaknesses may result in deterioration of the repayment prospects or collateral position at some future date. Special mention assets are not adversely classified and do not warrant adverse classification. Substandard – A substandard asset is inadequately protected by the current net worth and paying capacity of the borrower or of the collateral pledged, if any. Assets classified as substandard generally have a well-defined weakness, or weaknesses, that jeopardize the liquidation of the debt. These assets are characterized by the distinct possibility of loss if the deficiencies are not corrected. Doubtful – An asset classified as doubtful has all the weaknesses inherent in an asset classified substandard with the added characteristic that the weaknesses make collection or liquidation in full highly questionable and improbable on the basis of currently existing facts, conditions and values. Loss – Assets classified as loss are considered uncollectible and of such little value that it is inappropriate to be carried as an asset. This classification is not necessarily equivalent to any potential for recovery or salvage value, but rather that it is not appropriate to defer a full charge-off even though partial recovery may be affected in the future. Ungraded – Ungraded loans represent loans that are not included in the individual credit grading process due to their relatively small balances or borrower type. The majority of ungraded loans at September 30, 2020 relate to business credit cards. Business credit card loans are subject to automatic charge-off when they become 120 days past due in the same manner as unsecured consumer lines of credit. The remaining balance is comprised of a small amount of commercial mortgage, lease financing and other commercial real estate loans. The credit quality indicators for consumer and PCD loans are based on delinquency status of the borrower as of the date presented. As the borrower becomes more delinquent, the likelihood of loss increases. The following tables represent current credit quality indicators by origination year as of September 30, 2020.
| Commercial Loans Amortized Cost Basis by Origination Year |  |  |  |  |  |
Classification: | 2020 |  | 2019 |  | 2018 |  | 2017 |  | 2016 |  | Prior |  | Revolving |  | Revolving converted to term loans |  | Total
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction and land development |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 247,187 |  |  | $ | 396,322 |  |  | $ | 208,736 |  |  | $ | 132,518 |  |  | $ | 35,780 |  |  | $ | 13,144 |  |  | $ | 11,909 |  |  | $ | — |  |  | $ | 1,045,596 |
Special Mention | 176 |  |  | — |  |  | 312 |  |  | 5,436 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 5,924 |
Substandard | 292 |  |  | 832 |  |  | 1,452 |  |  | — |  |  | 8 |  |  | 82 |  |  | — |  |  | — |  |  | 2,666 |
Total | 247,655 |  |  | 397,154 |  |  | 210,500 |  |  | 137,954 |  |  | 35,788 |  |  | 13,226 |  |  | 11,909 |  |  | — |  |  | 1,054,186 |
Owner occupied commercial mortgage |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 2,098,636 |  |  | 2,218,063 |  |  | 1,731,557 |  |  | 1,423,847 |  |  | 1,146,027 |  |  | 1,714,102 |  |  | 101,547 |  |  | 135 |  |  | 10,433,914 |
Special Mention | 5,578 |  |  | 24,032 |  |  | 37,273 |  |  | 12,246 |  |  | 17,433 |  |  | 27,905 |  |  | 3,313 |  |  | — |  |  | 127,780 |
Substandard | 17,625 |  |  | 14,618 |  |  | 9,465 |  |  | 24,561 |  |  | 11,693 |  |  | 38,206 |  |  | 5,888 |  |  | 72 |  |  | 122,128 |
Total | 2,121,839 |  |  | 2,256,713 |  |  | 1,778,295 |  |  | 1,460,654 |  |  | 1,175,153 |  |  | 1,780,213 |  |  | 110,748 |  |  | 207 |  |  | 10,683,822 |
Non-owner occupied commercial mortgage |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 660,088 |  |  | 624,860 |  |  | 407,230 |  |  | 372,287 |  |  | 304,782 |  |  | 469,429 |  |  | 35,321 |  |  | — |  |  | 2,873,997 |
Special Mention | 355 |  |  | 701 |  |  | 11,740 |  |  | 1,500 |  |  | 5,213 |  |  | 3,340 |  |  | 777 |  |  | — |  |  | 23,626 |
Substandard | 2,387 |  |  | 19,121 |  |  | 12,839 |  |  | 6,918 |  |  | 10,160 |  |  | 14,873 |  |  | 1,983 |  |  | — |  |  | 68,281 |
Total | 662,830 |  |  | 644,682 |  |  | 431,809 |  |  | 380,705 |  |  | 320,155 |  |  | 487,642 |  |  | 38,081 |  |  | — |  |  | 2,965,904 |
Commercial and industrial and leases |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 1,175,036 |  |  | 1,090,278 |  |  | 562,547 |  |  | 361,442 |  |  | 267,706 |  |  | 352,946 |  |  | 809,256 |  |  | 5,433 |  |  | 4,624,644 |
Special Mention | 3,713 |  |  | 17,409 |  |  | 8,908 |  |  | 5,631 |  |  | 3,641 |  |  | 4,607 |  |  | 13,673 |  |  | 216 |  |  | 57,798 |
Substandard | 12,370 |  |  | 3,598 |  |  | 4,387 |  |  | 5,016 |  |  | 2,707 |  |  | 4,685 |  |  | 25,096 |  |  | 803 |  |  | 58,662 |
Doubtful | — |  |  | — |  |  | — |  |  | — |  |  | 11 |  |  | — |  |  | 2 |  |  | — |  |  | 13 |
Ungraded | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 56,227 |  |  | — |  |  | 56,227 |
Total | 1,191,119 |  |  | 1,111,285 |  |  | 575,842 |  |  | 372,089 |  |  | 274,065 |  |  | 362,238 |  |  | 904,254 |  |  | 6,452 |  |  | 4,797,344 |
SBA-PPP |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 3,112,676 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 3,112,676 |
Total | 3,112,676 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 3,112,676 |
Total commercial | $ | 7,336,119 |  |  | $ | 4,409,834 |  |  | $ | 2,996,446 |  |  | $ | 2,351,402 |  |  | $ | 1,805,161 |  |  | $ | 2,643,319 |  |  | $ | 1,064,992 |  |  | $ | 6,659 |  |  | $ | 22,613,932 |
| Consumer and PCD Loans Amortized Cost Basis by Origination Year |  |  |  |  |  |
Days Past Due: | 2020 |  | 2019 |  | 2018 |  | 2017 |  | 2016 |  | Prior |  | Revolving |  | Revolving converted to term loans |  | Total
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential mortgage |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current | $ | 1,349,415 |  |  | $ | 1,044,542 |  |  | $ | 754,024 |  |  | $ | 677,727 |  |  | $ | 524,014 |  |  | $ | 1,006,894 |  |  | $ | 26,857 |  |  | $ | — |  |  | $ | 5,383,473 |
30-59 days | 1,450 |  |  | 3,274 |  |  | 10,486 |  |  | 6,124 |  |  | 4,627 |  |  | 11,875 |  |  | 85 |  |  | — |  |  | 37,921 |
60-89 days | 19 |  |  | 854 |  |  | 187 |  |  | 316 |  |  | 2,241 |  |  | 2,194 |  |  | — |  |  | — |  |  | 5,811 |
90 days or greater | 173 |  |  | 1,573 |  |  | 2,704 |  |  | 3,948 |  |  | 6,187 |  |  | 18,884 |  |  | 2,972 |  |  | — |  |  | 36,441 |
Total | 1,351,057 |  |  | 1,050,243 |  |  | 767,401 |  |  | 688,115 |  |  | 537,069 |  |  | 1,039,847 |  |  | 29,914 |  |  | — |  |  | 5,463,646 |
Revolving mortgage |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,969,703 |  |  | 158,236 |  |  | 2,127,939 |
30-59 days | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 4,993 |  |  | 3,484 |  |  | 8,477 |
60-89 days | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 419 |  |  | 1,163 |  |  | 1,582 |
90 days or greater | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 2,449 |  |  | 5,059 |  |  | 7,508 |
Total | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,977,564 |  |  | 167,942 |  |  | 2,145,506 |
Construction and land development |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current | 144,559 |  |  | 140,794 |  |  | 29,400 |  |  | 13,049 |  |  | 6,818 |  |  | 3,721 |  |  | 8,274 |  |  | — |  |  | 346,615 |
30-59 days | 250 |  |  | 26 |  |  | 466 |  |  | 96 |  |  | 17 |  |  | 68 |  |  | — |  |  | — |  |  | 923 |
60-89 days | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
90 days or greater | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 97 |  |  | 215 |  |  | — |  |  | 312 |
Total | 144,809 |  |  | 140,820 |  |  | 29,866 |  |  | 13,145 |  |  | 6,835 |  |  | 3,886 |  |  | 8,489 |  |  | — |  |  | 347,850 |
Consumer auto |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current | 398,216 |  |  | 380,919 |  |  | 250,602 |  |  | 122,352 |  |  | 61,076 |  |  | 14,817 |  |  | — |  |  | — |  |  | 1,227,982 |
30-59 days | 492 |  |  | 1,400 |  |  | 823 |  |  | 889 |  |  | 425 |  |  | 216 |  |  | — |  |  | — |  |  | 4,245 |
60-89 days | 120 |  |  | 382 |  |  | 224 |  |  | 160 |  |  | 164 |  |  | 9 |  |  | — |  |  | — |  |  | 1,059 |
90 days or greater | 39 |  |  | 306 |  |  | 268 |  |  | 191 |  |  | 54 |  |  | 52 |  |  | — |  |  | — |  |  | 910 |
Total | 398,867 |  |  | 383,007 |  |  | 251,917 |  |  | 123,592 |  |  | 61,719 |  |  | 15,094 |  |  | — |  |  | — |  |  | 1,234,196 |
Consumer other |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current | 39,667 |  |  | 33,269 |  |  | 14,505 |  |  | 7,832 |  |  | 9,269 |  |  | 30,406 |  |  | 401,907 |  |  | — |  |  | 536,855 |
30-59 days | 145 |  |  | 92 |  |  | 109 |  |  | 12 |  |  | 61 |  |  | 21 |  |  | 4,050 |  |  | — |  |  | 4,490 |
60-89 days | 46 |  |  | 42 |  |  | 31 |  |  | 15 |  |  | — |  |  | — |  |  | 1,190 |  |  | — |  |  | 1,324 |
90 days or greater | 7 |  |  | 80 |  |  | 8 |  |  | 1 |  |  | — |  |  | — |  |  | 1,371 |  |  | — |  |  | 1,467 |
Total | 39,865 |  |  | 33,483 |  |  | 14,653 |  |  | 7,860 |  |  | 9,330 |  |  | 30,427 |  |  | 408,518 |  |  | — |  |  | 544,136 |
Total consumer | $ | 1,934,598 |  |  | $ | 1,607,553 |  |  | $ | 1,063,837 |  |  | $ | 832,712 |  |  | $ | 614,953 |  |  | $ | 1,089,254 |  |  | $ | 2,424,485 |  |  | $ | 167,942 |  |  | $ | 9,735,334 |
PCD loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current | $ | 24,169 |  |  | $ | 24,565 |  |  | $ | 29,739 |  |  | $ | 34,617 |  |  | $ | 32,149 |  |  | $ | 262,095 |  |  | $ | 14,236 |  |  | $ | 22,371 |  |  | $ | 443,941 |
30-59 days | 3,531 |  |  | 710 |  |  | 940 |  |  | 438 |  |  | 691 |  |  | 9,575 |  |  | 215 |  |  | 198 |  |  | 16,298 |
60-89 days | — |  |  | 337 |  |  | 54 |  |  | 155 |  |  | 52 |  |  | 2,054 |  |  | 218 |  |  | 331 |  |  | 3,201 |
90 days or greater | 117 |  |  | 2,889 |  |  | 4,594 |  |  | 1,233 |  |  | 773 |  |  | 21,131 |  |  | 54 |  |  | 1,647 |  |  | 32,438 |
Total PCD | $ | 27,817 |  |  | $ | 28,501 |  |  | $ | 35,327 |  |  | $ | 36,443 |  |  | $ | 33,665 |  |  | $ | 294,855 |  |  | $ | 14,723 |  |  | $ | 24,547 |  |  | $ | 495,878 |
Total loans and leases | $ | 9,298,534 |  |  | $ | 6,045,888 |  |  | $ | 4,095,610 |  |  | $ | 3,220,557 |  |  | $ | 2,453,779 |  |  | $ | 4,027,428 |  |  | $ | 3,504,200 |  |  | $ | 199,148 |  |  | $ | 32,845,144 |
Loans and leases outstanding at December 31, 2019 by credit quality indicator are provided below:
| December 31, 2019
| Commercial loans and leases
(Dollars in thousands) | Construction and land development |  | Commercial mortgage |  | Other commercial real estate |  | Commercial and industrial and leases |  | Other |  | PCI |  | Total commercial loans and leases
Grade: |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 1,004,922 |  |  | $ | 12,050,799 |  |  | $ | 536,682 |  |  | $ | 4,256,456 |  |  | $ | 308,796 |  |  | $ | 148,412 |  |  | $ | 18,157,655 |
Special mention | 2,577 |  |  | 115,164 |  |  | 3,899 |  |  | 44,604 |  |  | 622 |  |  | 44,290 |  |  | 166,866 |
Substandard | 5,955 |  |  | 116,672 |  |  | 1,447 |  |  | 34,148 |  |  | 675 |  |  | 87,970 |  |  | 158,897 |
Doubtful | — |  |  | — |  |  | — |  |  | 3 |  |  | — |  |  | 3,657 |  |  | 3 |
Ungraded | — |  |  | — |  |  | — |  |  | 68,581 |  |  | — |  |  | — |  |  | 68,581 |
Total | $ | 1,013,454 |  |  | $ | 12,282,635 |  |  | $ | 542,028 |  |  | $ | 4,403,792 |  |  | $ | 310,093 |  |  | $ | 284,329 |  |  | $ | 18,552,002 |
| December 31, 2019
| Noncommercial loans and leases
(Dollars in thousands) | Residential mortgage |  | Revolving mortgage |  | Construction and land development |  | Consumer |  | PCI |  | Total noncommercial loans and leases
Days past due: |  |  |  |  |  |  |  |  |  |  |
Current | $ | 5,205,380 |  |  | $ | 2,316,010 |  |  | $ | 354,393 |  |  | $ | 1,762,606 |  |  | $ | 240,995 |  |  | $ | 9,638,389 |
30-59 days past due | 45,839 |  |  | 9,729 |  |  | 977 |  |  | 10,481 |  |  | 13,764 |  |  | 67,026 |
60-89 days past due | 18,289 |  |  | 3,468 |  |  | 218 |  |  | 3,746 |  |  | 5,608 |  |  | 25,721 |
90 days or greater past due | 24,409 |  |  | 9,865 |  |  | 1,797 |  |  | 3,571 |  |  | 14,020 |  |  | 39,642 |
Total | $ | 5,293,917 |  |  | $ | 2,339,072 |  |  | $ | 357,385 |  |  | $ | 1,780,404 |  |  | $ | 274,387 |  |  | $ | 9,770,778 |
Purchased loans and leases The following table summarizes PCD loans acquired in the Community Financial transaction and provides the contractually required payments, less the initial allowance for credit losses and discount to produce the fair value of acquired loans with evidence of more than insignificant credit quality deterioration since origination at the acquisition date:
(Dollars in thousands) | Community Financial |  |  |  |
Contractually required payments | $ | 25,635 |  |  |  |  |
Initial PCD allowance | 1,193 |  |  |  |  |
Discount | 1,055 |  |  |  |  |
Fair value at acquisition date | $ | 23,387 |  |  |  |  |
The recorded fair values of purchased non-PCD loans acquired in the Community Financial transaction as of the acquisition date are as follows:
(Dollars in thousands) | Community Financial |  |  |  |
Commercial: |  |  |  |  |
Construction and land development | $ | 9,428 |  |  |  |  |
Owner occupied commercial mortgage | 31,473 |  |  |  |  |
Non-owner occupied commercial mortgage | 25,143 |  |  |  |  |
Commercial and industrial and leases | 15,065 |  |  |  |  |
Total commercial loans | 81,109 |  |  |  |  |
Consumer: |  |  |  |  |
Residential mortgage | 21,168 |  |  |  |  |
Revolving mortgage | 2,084 |  |  |  |  |
Construction and land development | 5,254 |  |  |  |  |
Consumer auto | 294 |  |  |  |  |
Consumer other | 693 |  |  |  |  |
Total consumer loans | 29,493 |  |  |  |  |
Total non-PCD loans | $ | 110,602 |  |  |  |  |

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- Definition The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -URI http://asc.fasb.org/subtopic&trid=2196772 + Details
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