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Loans | 9 Months Ended
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Sep. 30, 2019
Receivables [Abstract] |
Loans | Loans Loans were as follows:
| September 30, 2019 |  | Percentage of Total |  | December 31, 2018 |  | Percentage of Total
Commercial and industrial | $ | 5,179,780 |  |  | 35.4 | % |  | $ | 5,111,957 |  |  | 36.3 | %
Energy: |  |  |  |  |  |  |
Production | 1,282,180 |  |  | 8.7 |  |  | 1,309,314 |  |  | 9.3 |
Service | 189,350 |  |  | 1.3 |  |  | 168,775 |  |  | 1.2 |
Other | 75,388 |  |  | 0.5 |  |  | 124,509 |  |  | 0.9 |
Total energy | 1,546,918 |  |  | 10.5 |  |  | 1,602,598 |  |  | 11.4 |
Commercial real estate: |  |  |  |  |  |  |
Commercial mortgages | 4,555,171 |  |  | 31.1 |  |  | 4,121,966 |  |  | 29.2 |
Construction | 1,370,206 |  |  | 9.4 |  |  | 1,267,717 |  |  | 9.0 |
Land | 290,706 |  |  | 2.0 |  |  | 306,755 |  |  | 2.2 |
Total commercial real estate | 6,216,083 |  |  | 42.5 |  |  | 5,696,438 |  |  | 40.4 |
Consumer real estate: |  |  |  |  |  |  |
Home equity loans | 363,224 |  |  | 2.5 |  |  | 353,924 |  |  | 2.5 |
Home equity lines of credit | 350,461 |  |  | 2.4 |  |  | 337,168 |  |  | 2.4 |
Other | 458,618 |  |  | 3.1 |  |  | 427,898 |  |  | 3.0 |
Total consumer real estate | 1,172,303 |  |  | 8.0 |  |  | 1,118,990 |  |  | 7.9 |
Total real estate | 7,388,386 |  |  | 50.5 |  |  | 6,815,428 |  |  | 48.3 |
Consumer and other | 519,844 |  |  | 3.6 |  |  | 569,750 |  |  | 4.0 |
Total loans | $ | 14,634,928 |  |  | 100.0 | % |  | $ | 14,099,733 |  |  | 100.0 | %
Concentrations of Credit. Most of our lending activity occurs within the State of Texas, including the four largest metropolitan areas of Austin, Dallas/Ft. Worth, Houston and San Antonio, as well as other markets. The majority of our loan portfolio consists of commercial and industrial and commercial real estate loans. As of September 30, 2019, there were no concentrations of loans related to any single industry in excess of 10% of total loans other than energy loans, which totaled 10.5% of total loans. Unfunded commitments to extend credit and standby letters of credit issued to customers in the energy industry totaled $1.3 billion and $66.1 million, respectively, as of September 30, 2019. Foreign Loans. We have U.S. dollar denominated loans and commitments to borrowers in Mexico. The outstanding balance of these loans and the unfunded amounts available under these commitments were not significant at September 30, 2019 or December 31, 2018. Related Party Loans. In the ordinary course of business, we have granted loans to certain directors, executive officers and their affiliates (collectively referred to as “related parties”). Such loans totaled $326.1 million at September 30, 2019 and $256.1 million at December 31, 2018. Non-Accrual and Past Due Loans. Non-accrual loans, segregated by class of loans, were as follows:
| September 30, 2019 |  | December 31, 2018
Commercial and industrial | $ | 13,929 |  |  | $ | 9,239 |
Energy | 70,883 |  |  | 46,932 |
Commercial real estate: |  |  |
Buildings, land and other | 9,240 |  |  | 15,268 |
Construction | 697 |  |  | — |
Consumer real estate | 527 |  |  | 892 |
Consumer and other | 2,170 |  |  | 1,408 |
Total | $ | 97,446 |  |  | $ | 73,739 |
Had non-accrual loans performed in accordance with their original contract terms, we would have recognized additional interest income, net of tax, of approximately $0.9 million and $3.0 million for the three and nine months ended September 30, 2019, compared to $1.3 million and $4.2 million for the three and nine months ended September 30, 2018. An age analysis of past due loans (including both accruing and non-accruing loans), segregated by class of loans, as of September 30, 2019 was as follows:
| Loans 30-89 Days Past Due |  | Loans 90 or More Days Past Due |  | Total Past Due Loans |  | Current Loans |  | Total Loans |  | Accruing Loans 90 or More Days Past Due
Commercial and industrial | $ | 39,540 |  |  | $ | 13,622 |  |  | $ | 53,162 |  |  | $ | 5,126,618 |  |  | $ | 5,179,780 |  |  | $ | 3,574 |
Energy | 3,350 |  |  | 21,836 |  |  | 25,186 |  |  | 1,521,732 |  |  | 1,546,918 |  |  | 530 |
Commercial real estate: |  |  |  |  |  |  |  |  |  |  |
Buildings, land and other | 29,147 |  |  | 8,279 |  |  | 37,426 |  |  | 4,808,451 |  |  | 4,845,877 |  |  | 6,513 |
Construction | 1,412 |  |  | 1,471 |  |  | 2,883 |  |  | 1,367,323 |  |  | 1,370,206 |  |  | 774 |
Consumer real estate | 8,305 |  |  | 2,443 |  |  | 10,748 |  |  | 1,161,555 |  |  | 1,172,303 |  |  | 2,150 |
Consumer and other | 7,815 |  |  | 2,419 |  |  | 10,234 |  |  | 509,610 |  |  | 519,844 |  |  | 855 |
Total | $ | 89,569 |  |  | $ | 50,070 |  |  | $ | 139,639 |  |  | $ | 14,495,289 |  |  | $ | 14,634,928 |  |  | $ | 14,396 |
Impaired Loans. Impaired loans are set forth in the following table. No interest income was recognized on impaired loans subsequent to their classification as impaired.
| Unpaid Contractual Principal Balance |  | Recorded Investment With No Allowance |  | Recorded Investment With Allowance |  | Total Recorded Investment |  | Related Allowance
September 30, 2019 |  |  |  |  |  |  |  |  |
Commercial and industrial | $ | 15,020 |  |  | $ | 4,874 |  |  | $ | 7,280 |  |  | $ | 12,154 |  |  | $ | 5,785 |
Energy | 88,531 |  |  | 4,777 |  |  | 65,800 |  |  | 70,577 |  |  | 19,722 |
Commercial real estate: |  |  |  |  |  |  |  |  |
Buildings, land and other | 9,553 |  |  | 3,864 |  |  | 5,015 |  |  | 8,879 |  |  | 1,483 |
Construction | 697 |  |  | 697 |  |  | — |  |  | 697 |  |  | — |
Consumer real estate | 293 |  |  | 293 |  |  | — |  |  | 293 |  |  | — |
Consumer and other | 2,171 |  |  | — |  |  | 2,170 |  |  | 2,170 |  |  | 2,170 |
Total | $ | 116,265 |  |  | $ | 14,505 |  |  | $ | 80,265 |  |  | $ | 94,770 |  |  | $ | 29,160 |
December 31, 2018 |  |  |  |  |  |  |  |  |
Commercial and industrial | $ | 9,094 |  |  | $ | 2,842 |  |  | $ | 4,287 |  |  | $ | 7,129 |  |  | $ | 2,558 |
Energy | 67,900 |  |  | 6,817 |  |  | 39,890 |  |  | 46,707 |  |  | 9,671 |
Commercial real estate: |  |  |  |  |  |  |  |  |
Buildings, land and other | 15,774 |  |  | 2,168 |  |  | 12,517 |  |  | 14,685 |  |  | 2,599 |
Construction | — |  |  | — |  |  | — |  |  | — |  |  | — |
Consumer real estate | 293 |  |  | 293 |  |  | — |  |  | 293 |  |  | — |
Consumer and other | 1,475 |  |  | — |  |  | 1,407 |  |  | 1,407 |  |  | 1,407 |
Total | $ | 94,536 |  |  | $ | 12,120 |  |  | $ | 58,101 |  |  | $ | 70,221 |  |  | $ | 16,235 |
The average recorded investment in impaired loans was as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2019 |  | 2018 |  | 2019 |  | 2018
Commercial and industrial | $ | 14,438 |  |  | $ | 13,447 |  |  | $ | 12,552 |  |  | $ | 21,025 |
Energy | 55,195 |  |  | 78,772 |  |  | 50,642 |  |  | 82,640 |
Commercial real estate: |  |  |  |  |  |  |
Buildings, land and other | 9,418 |  |  | 14,306 |  |  | 14,961 |  |  | 12,328 |
Construction | 349 |  |  | — |  |  | 277 |  |  | — |
Consumer real estate | 293 |  |  | 671 |  |  | 541 |  |  | 807 |
Consumer and other | 1,795 |  |  | 1,073 |  |  | 1,605 |  |  | 805 |
Total | $ | 81,488 |  |  | $ | 108,269 |  |  | $ | 80,578 |  |  | $ | 117,605 |
Troubled Debt Restructurings. Troubled debt restructurings during the nine months ended September 30, 2019 and September 30, 2018 are set forth in the following table.
| Nine Months Ended September 30, 2019 |  | Nine Months Ended September 30, 2018
| Balance at Restructure |  | Balance at Period-End |  | Balance at Restructure |  | Balance at Period-End
Commercial and industrial | $ | 3,845 |  |  | $ | 2,188 |  |  | $ | 2,203 |  |  | $ | — |
Energy | — |  |  | — |  |  | 13,708 |  |  | — |
Commercial real estate: |  |  |  |  |  |  |
Buildings, land and other | 9,456 |  |  | 9,494 |  |  | — |  |  | — |
Consumer real estate | 124 |  |  | 123 |  |  | — |  |  | — |
| $ | 13,425 |  |  | $ | 11,805 |  |  | $ | 15,911 |  |  | $ | — |
Loan modifications are typically related to extending amortization periods, converting loans to interest only for a limited period of time, deferral of interest payments, waiver of certain covenants, consolidating notes and/or reducing collateral or interest rates. The modifications during the reported periods did not significantly impact our determination of the allowance for loan losses. Additional information related to restructured loans as of or for the three months ended September 30, 2019 and September 30, 2018 is set forth in the following table.
| September 30, 2019 |  | September 30, 2018
Restructured loans past due in excess of 90 days at period-end: |  |  |
Number of loans | 4 |  |  | — |
Dollar amount of loans | $ | 3,244 |  |  | $ | — |
Restructured loans on non-accrual status at period end | 5,645 |  |  | — |
Charge-offs of restructured loans: |  |  |
Recognized in connection with restructuring | 1,500 |  |  | — |
Recognized on previously restructured loans | — |  |  | 4,650 |
Proceeds from sale of restructured loans | — |  |  | 15,750 |
Credit Quality Indicators. As part of the on-going monitoring of the credit quality of our loan portfolio, management tracks certain credit quality indicators including trends related to (i) the weighted-average risk grade of commercial loans, (ii) the level of classified commercial loans, (iii) the delinquency status of consumer loans (see details above), (iv) net charge-offs, (v) non-performing loans (see details above) and (vi) the general economic conditions in the State of Texas. We utilize a risk grading matrix to assign a risk grade to each of our commercial loans. Loans are graded on a scale of 1 to 14. A description of the general characteristics of the 14 risk grades is set forth in our 2018 Form 10-K. In monitoring credit quality trends in the context of assessing the appropriate level of the allowance for loan losses, we monitor portfolio credit quality by the weighted-average risk grade of each class of commercial loan. Individual relationship managers review updated financial information for all pass grade loans to reassess the risk grade on at least an annual basis. When a loan has a risk grade of 9, it is still considered a pass grade loan; however, it is considered to be on management’s “watch list,” where a significant risk-modifying action is anticipated in the near term. When a loan has a risk grade of 10 or higher, a special assets officer monitors the loan on an on-going basis. The following tables present weighted-average risk grades for all commercial loans by class.
| September 30, 2019 |  | December 31, 2018
| Weighted Average Risk Grade |  | Loans |  | Weighted Average Risk Grade |  | Loans
Commercial and industrial: |  |  |  |  |  |  |
Risk grades 1-8 | 6.19 |  |  | $ | 4,856,712 |  |  | 6.12 |  |  | $ | 4,862,275 |
Risk grade 9 | 9.00 |  |  | 165,195 |  |  | 9.00 |  |  | 112,431 |
Risk grade 10 | 10.00 |  |  | 75,276 |  |  | 10.00 |  |  | 58,328 |
Risk grade 11 | 11.00 |  |  | 68,668 |  |  | 11.00 |  |  | 69,684 |
Risk grade 12 | 12.00 |  |  | 8,144 |  |  | 12.00 |  |  | 6,681 |
Risk grade 13 | 13.00 |  |  | 5,785 |  |  | 13.00 |  |  | 2,558 |
Total | 6.42 |  |  | $ | 5,179,780 |  |  | 6.30 |  |  | $ | 5,111,957 |
Energy |  |  |  |  |  |  |
Risk grades 1-8 | 5.85 |  |  | $ | 1,379,566 |  |  | 5.76 |  |  | $ | 1,451,673 |
Risk grade 9 | 9.00 |  |  | 80,170 |  |  | 9.00 |  |  | 35,565 |
Risk grade 10 | 10.00 |  |  | 1,105 |  |  | 10.00 |  |  | 43,001 |
Risk grade 11 | 11.00 |  |  | 15,194 |  |  | 11.00 |  |  | 25,427 |
Risk grade 12 | 12.00 |  |  | 51,161 |  |  | 12.00 |  |  | 37,261 |
Risk grade 13 | 13.00 |  |  | 19,722 |  |  | 13.00 |  |  | 9,671 |
Total | 6.36 |  |  | $ | 1,546,918 |  |  | 6.22 |  |  | $ | 1,602,598 |
Commercial real estate: |  |  |  |  |  |  |
Buildings, land and other |  |  |  |  |  |  |
Risk grades 1-8 | 6.78 |  |  | $ | 4,528,963 |  |  | 6.76 |  |  | $ | 4,143,264 |
Risk grade 9 | 9.00 |  |  | 117,739 |  |  | 9.00 |  |  | 109,660 |
Risk grade 10 | 10.00 |  |  | 97,083 |  |  | 10.00 |  |  | 62,353 |
Risk grade 11 | 11.00 |  |  | 92,852 |  |  | 11.00 |  |  | 98,176 |
Risk grade 12 | 12.00 |  |  | 7,757 |  |  | 12.00 |  |  | 12,669 |
Risk grade 13 | 13.00 |  |  | 1,483 |  |  | 13.00 |  |  | 2,599 |
Total | 6.99 |  |  | $ | 4,845,877 |  |  | 6.98 |  |  | $ | 4,428,721 |
Construction |  |  |  |  |  |  |
Risk grades 1-8 | 7.19 |  |  | $ | 1,314,076 |  |  | 7.13 |  |  | $ | 1,177,260 |
Risk grade 9 | 9.00 |  |  | 31,506 |  |  | 9.00 |  |  | 60,754 |
Risk grade 10 | 10.00 |  |  | 21,686 |  |  | 10.00 |  |  | 24,877 |
Risk grade 11 | 11.00 |  |  | 2,241 |  |  | 11.00 |  |  | 4,826 |
Risk grade 12 | 12.00 |  |  | 697 |  |  | 12.00 |  |  | — |
Risk grade 13 | 13.00 |  |  | — |  |  | 13.00 |  |  | — |
Total | 7.28 |  |  | $ | 1,370,206 |  |  | 7.29 |  |  | $ | 1,267,717 |
Net (charge-offs)/recoveries, segregated by class of loans, were as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2019 |  | 2018 |  | 2019 |  | 2018
Commercial and industrial | $ | (1,520 | ) |  | $ | (7,807 | ) |  | $ | (5,912 | ) |  | $ | (19,030 | )
Energy | (1,260 | ) |  | (5,347 | ) |  | (3,184 | ) |  | (10,272 | )
Commercial real estate: |  |  |  |  |  |  |
Buildings, land and other | 38 |  |  | 33 |  |  | (466 | ) |  | (288 | )
Construction | 8 |  |  | 3 |  |  | 14 |  |  | 11 |
Consumer real estate | (103 | ) |  | (388 | ) |  | (2,078 | ) |  | (1,078 | )
Consumer and other | (3,534 | ) |  | (1,792 | ) |  | (9,351 | ) |  | (4,975 | )
Total | $ | (6,371 | ) |  | $ | (15,298 | ) |  | $ | (20,977 | ) |  | $ | (35,632 | )
In assessing the general economic conditions in the State of Texas, management monitors and tracks the Texas Leading Index (“TLI”), which is produced by the Federal Reserve Bank of Dallas. The TLI, the components of which are more fully described in our 2018 Form 10-K, totaled 128.1 at September 30, 2019 and 126.4 at December 31, 2018. A higher TLI value implies more favorable economic conditions. Allowance for Loan Losses. The allowance for loan losses is a reserve established through a provision for loan losses charged to expense, which represents management’s best estimate of inherent losses that have been incurred within the existing portfolio of loans. The allowance, in the judgment of management, is necessary to reserve for estimated loan losses and risks inherent in the loan portfolio. Our allowance for loan loss methodology, which is more fully described in our 2018 Form 10-K, follows the accounting guidance set forth in U.S. generally accepted accounting principles and the Interagency Policy Statement on the Allowance for Loan and Lease Losses, which was jointly issued by U.S. bank regulatory agencies. The level of the allowance reflects management’s continuing evaluation of industry concentrations, specific credit risks, loan loss and recovery experience, current loan portfolio quality, present economic, political and regulatory conditions and unidentified losses inherent in the current loan portfolio. Portions of the allowance may be allocated for specific credits; however, the entire allowance is available for any credit that, in management’s judgment, should be charged off. The following table presents details of the allowance for loan losses allocated to each portfolio segment as of September 30, 2019 and December 31, 2018 and detailed on the basis of the impairment evaluation methodology we used:
| Commercial and Industrial |  | Energy |  | Commercial Real Estate |  | Consumer Real Estate |  | Consumer and Other |  | Total
September 30, 2019 |  |  |  |  |  |  |  |  |  |  |
Historical valuation allowances | $ | 28,872 |  |  | $ | 7,422 |  |  | $ | 22,051 |  |  | $ | 2,641 |  |  | $ | 7,545 |  |  | $ | 68,531 |
Specific valuation allowances | 5,785 |  |  | 19,722 |  |  | 1,483 |  |  | — |  |  | 2,170 |  |  | 29,160 |
General valuation allowances | 10,866 |  |  | 4,120 |  |  | 4,349 |  |  | 1,172 |  |  | (325 | ) |  | 20,182 |
Macroeconomic valuation allowances | 7,144 |  |  | 2,082 |  |  | 7,470 |  |  | 1,071 |  |  | 919 |  |  | 18,686 |
Total | $ | 52,667 |  |  | $ | 33,346 |  |  | $ | 35,353 |  |  | $ | 4,884 |  |  | $ | 10,309 |  |  | $ | 136,559 |
Allocated to loans: |  |  |  |  |  |  |  |  |  |  |
Individually evaluated | $ | 5,785 |  |  | $ | 19,722 |  |  | $ | 1,483 |  |  | $ | — |  |  | $ | 2,170 |  |  | $ | 29,160 |
Collectively evaluated | 46,882 |  |  | 13,624 |  |  | 33,870 |  |  | 4,884 |  |  | 8,139 |  |  | 107,399 |
Total | $ | 52,667 |  |  | $ | 33,346 |  |  | $ | 35,353 |  |  | $ | 4,884 |  |  | $ | 10,309 |  |  | $ | 136,559 |
December 31, 2018 |  |  |  |  |  |  |  |  |  |  |
Historical valuation allowances | $ | 25,351 |  |  | $ | 9,697 |  |  | $ | 20,817 |  |  | $ | 2,688 |  |  | $ | 6,845 |  |  | $ | 65,398 |
Specific valuation allowances | 2,558 |  |  | 9,671 |  |  | 2,599 |  |  | — |  |  | 1,407 |  |  | 16,235 |
General valuation allowances | 10,062 |  |  | 6,014 |  |  | 4,366 |  |  | 1,671 |  |  | (13 | ) |  | 22,100 |
Macroeconomic valuation allowances | 10,609 |  |  | 3,670 |  |  | 10,995 |  |  | 1,744 |  |  | 1,381 |  |  | 28,399 |
Total | $ | 48,580 |  |  | $ | 29,052 |  |  | $ | 38,777 |  |  | $ | 6,103 |  |  | $ | 9,620 |  |  | $ | 132,132 |
Allocated to loans: |  |  |  |  |  |  |  |  |  |  |
Individually evaluated | $ | 2,558 |  |  | $ | 9,671 |  |  | $ | 2,599 |  |  | $ | — |  |  | $ | 1,407 |  |  | $ | 16,235 |
Collectively evaluated | 46,022 |  |  | 19,381 |  |  | 36,178 |  |  | 6,103 |  |  | 8,213 |  |  | 115,897 |
Total | $ | 48,580 |  |  | $ | 29,052 |  |  | $ | 38,777 |  |  | $ | 6,103 |  |  | $ | 9,620 |  |  | $ | 132,132 |
Our recorded investment in loans as of September 30, 2019 and December 31, 2018 related to each balance in the allowance for loan losses by portfolio segment and detailed on the basis of the impairment methodology we used was as follows:
| Commercial and Industrial |  | Energy |  | Commercial Real Estate |  | Consumer Real Estate |  | Consumer and Other |  | Total
September 30, 2019 |  |  |  |  |  |  |  |  |  |  |
Individually evaluated | $ | 12,154 |  |  | $ | 70,577 |  |  | $ | 9,576 |  |  | $ | 293 |  |  | $ | 2,170 |  |  | $ | 94,770 |
Collectively evaluated | 5,167,626 |  |  | 1,476,341 |  |  | 6,206,507 |  |  | 1,172,010 |  |  | 517,674 |  |  | 14,540,158 |
Total | $ | 5,179,780 |  |  | $ | 1,546,918 |  |  | $ | 6,216,083 |  |  | $ | 1,172,303 |  |  | $ | 519,844 |  |  | $ | 14,634,928 |
December 31, 2018 |  |  |  |  |  |  |  |  |  |  |
Individually evaluated | $ | 7,129 |  |  | $ | 46,707 |  |  | $ | 14,685 |  |  | $ | 293 |  |  | $ | 1,407 |  |  | $ | 70,221 |
Collectively evaluated | 5,104,828 |  |  | 1,555,891 |  |  | 5,681,753 |  |  | 1,118,697 |  |  | 568,343 |  |  | 14,029,512 |
Total | $ | 5,111,957 |  |  | $ | 1,602,598 |  |  | $ | 5,696,438 |  |  | $ | 1,118,990 |  |  | $ | 569,750 |  |  | $ | 14,099,733 |
The following table details activity in the allowance for loan losses by portfolio segment for the three and nine months ended September 30, 2019 and 2018. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories.
| Commercial and Industrial |  | Energy |  | Commercial Real Estate |  | Consumer Real Estate |  | Consumer and Other |  | Total
Three months ended: |  |  |  |  |  |  |  |  |  |  |
September 30, 2019 |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 57,714 |  |  | $ | 25,818 |  |  | $ | 35,914 |  |  | $ | 5,637 |  |  | $ | 9,846 |  |  | $ | 134,929 |
Provision for loan losses | (3,527 | ) |  | 8,788 |  |  | (607 | ) |  | (650 | ) |  | 3,997 |  |  | 8,001 |
Charge-offs | (2,705 | ) |  | (2,000 | ) |  | — |  |  | (557 | ) |  | (6,357 | ) |  | (11,619 | )
Recoveries | 1,185 |  |  | 740 |  |  | 46 |  |  | 454 |  |  | 2,823 |  |  | 5,248 |
Net charge-offs | (1,520 | ) |  | (1,260 | ) |  | 46 |  |  | (103 | ) |  | (3,534 | ) |  | (6,371 | )
Ending balance | $ | 52,667 |  |  | $ | 33,346 |  |  | $ | 35,353 |  |  | $ | 4,884 |  |  | $ | 10,309 |  |  | $ | 136,559 |
September 30, 2018 |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 57,713 |  |  | $ | 37,313 |  |  | $ | 38,918 |  |  | $ | 6,336 |  |  | $ | 9,946 |  |  | $ | 150,226 |
Provision for loan losses | 1,085 |  |  | (521 | ) |  | 250 |  |  | 246 |  |  | 1,590 |  |  | 2,650 |
Charge-offs | (8,491 | ) |  | (5,400 | ) |  | — |  |  | (431 | ) |  | (4,274 | ) |  | (18,596 | )
Recoveries | 684 |  |  | 53 |  |  | 36 |  |  | 43 |  |  | 2,482 |  |  | 3,298 |
Net charge-offs | (7,807 | ) |  | (5,347 | ) |  | 36 |  |  | (388 | ) |  | (1,792 | ) |  | (15,298 | )
Ending balance | $ | 50,991 |  |  | $ | 31,445 |  |  | $ | 39,204 |  |  | $ | 6,194 |  |  | $ | 9,744 |  |  | $ | 137,578 |
Nine months ended: |  |  |  |  |  |  |  |  |  |  |
September 30, 2019 |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 48,580 |  |  | $ | 29,052 |  |  | $ | 38,777 |  |  | $ | 6,103 |  |  | $ | 9,620 |  |  | $ | 132,132 |
Provision for loan losses | 9,999 |  |  | 7,478 |  |  | (2,972 | ) |  | 859 |  |  | 10,040 |  |  | 25,404 |
Charge-offs | (8,782 | ) |  | (4,000 | ) |  | (617 | ) |  | (2,936 | ) |  | (17,157 | ) |  | (33,492 | )
Recoveries | 2,870 |  |  | 816 |  |  | 165 |  |  | 858 |  |  | 7,806 |  |  | 12,515 |
Net charge-offs | (5,912 | ) |  | (3,184 | ) |  | (452 | ) |  | (2,078 | ) |  | (9,351 | ) |  | (20,977 | )
Ending balance | $ | 52,667 |  |  | $ | 33,346 |  |  | $ | 35,353 |  |  | $ | 4,884 |  |  | $ | 10,309 |  |  | $ | 136,559 |
September 30, 2018 |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 59,614 |  |  | $ | 51,528 |  |  | $ | 30,948 |  |  | $ | 5,657 |  |  | $ | 7,617 |  |  | $ | 155,364 |
Provision for loan losses | 10,407 |  |  | (9,811 | ) |  | 8,533 |  |  | 1,615 |  |  | 7,102 |  |  | 17,846 |
Charge-offs | (21,896 | ) |  | (10,939 | ) |  | (619 | ) |  | (1,632 | ) |  | (12,240 | ) |  | (47,326 | )
Recoveries | 2,866 |  |  | 667 |  |  | 342 |  |  | 554 |  |  | 7,265 |  |  | 11,694 |
Net charge-offs | (19,030 | ) |  | (10,272 | ) |  | (277 | ) |  | (1,078 | ) |  | (4,975 | ) |  | (35,632 | )
Ending balance | $ | 50,991 |  |  | $ | 31,445 |  |  | $ | 39,204 |  |  | $ | 6,194 |  |  | $ | 9,744 |  |  | $ | 137,578 |

X
- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=84173941&loc=d3e5074-111524 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(4)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(5)) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=84173941&loc=d3e5162-111524 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=84173941&loc=d3e5066-111524 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(3)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(7)) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-04(6)) -URI http://asc.fasb.org/extlink&oid=6488278&loc=d3e603758-122996 + Details
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