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Loans and Allowance for Credit Losses (Tables) | 6 Months Ended
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Jun. 30, 2020
Accounts Notes And Loans Receivable [Line Items] |
Loans, Net of Unearned Income | Loans, net of unearned income, by portfolio are presented at amortized cost basis in the table below. Amortized cost does not include accrued interest, which is reflected in the accrued interest line item in the Consolidated Balance Sheets, totaling $94.6 million and $67.7 million at June 30, 2020 and December 31, 2019, respectively.
|  | June 30, |  |  | December 31, |
(in thousands) |  | 2020 |  |  | 2019 |
Commercial non-real estate |  | $ | 10,465,280 |  |  | $ | 9,166,947 |
Commercial real estate - owner occupied |  |  | 2,762,259 |  |  |  | 2,738,460 |
Total commercial and industrial |  |  | 13,227,539 |  |  |  | 11,905,407 |
Commercial real estate - income producing |  |  | 3,350,299 |  |  |  | 2,994,448 |
Construction and land development |  |  | 1,128,959 |  |  |  | 1,157,451 |
Residential mortgages |  |  | 2,877,316 |  |  |  | 2,990,631 |
Consumer |  |  | 2,044,264 |  |  |  | 2,164,818 |
Total loans |  | $ | 22,628,377 |  |  | $ | 21,212,755 |
Allowance for Credit Losses by Portfolio Class | The following tables show activity in the allowance for credit losses by portfolio class for the six months ended June 30, 2020 and 2019, as well as the corresponding recorded investment in loans at the end of each period. Effective January 1, 2020, the Company adopted the provisions of ASC 326 (CECL) using a modified retrospective basis. The difference between the December 31, 2019 incurred allowance and the CECL allowance is reflected as a cumulative effect of change in accounting principle in the table below. For further discussion of the day one impact of the CECL adoption, refer to Note 16 – Recent Accounting Pronouncements
|  |  |  |  |  | Commercial |  |  | Total |  |  | Commercial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Commercial |  |  | real estate- |  |  | commercial |  |  | real estate- |  |  | Construction |  |  |  |  |  |  |  |  |  |  |  |  |
|  | non-real |  |  | owner |  |  | and |  |  | income |  |  | and land |  |  | Residential |  |  |  |  |  |  |  |  |
(in thousands) |  | estate |  |  | occupied |  |  | industrial |  |  | producing |  |  | development |  |  | mortgages |  |  | Consumer |  |  | Total |
|  | Six Months Ended June 30, 2020 |
Allowance for credit losses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance |  | $ | 106,432 |  |  | $ | 10,977 |  |  | $ | 117,409 |  |  | $ | 20,869 |  |  | $ | 9,350 |  |  | $ | 20,331 |  |  | $ | 23,292 |  |  | $ | 191,251 |
Cumulative effect of change in accounting principle |  |  | (244 | ) |  |  | 14,877 |  |  |  | 14,633 |  |  |  | 7,287 |  |  |  | 7,478 |  |  |  | 12,921 |  |  |  | 7,092 |  |  |  | 49,411 |
Charge-offs |  |  | (339,566 | ) |  |  | (1,706 | ) |  | $ | (341,272 | ) |  |  | (1,501 | ) |  |  | (5 | ) |  |  | (141 | ) |  |  | (10,736 | ) |  |  | (353,655 | )
Recoveries |  |  | 3,299 |  |  |  | 107 |  |  | $ | 3,406 |  |  |  | 46 |  |  |  | 451 |  |  |  | 761 |  |  |  | 2,543 |  |  |  | 7,207 |
Net provision for loan losses |  |  | 375,050 |  |  |  | 37,211 |  |  | $ | 412,261 |  |  |  | 71,210 |  |  |  | 13,965 |  |  |  | 23,479 |  |  |  | 27,509 |  |  |  | 548,424 |
Ending balance - allowance for loan losses |  | $ | 144,971 |  |  | $ | 61,466 |  |  | $ | 206,437 |  |  | $ | 97,911 |  |  | $ | 31,239 |  |  | $ | 57,351 |  |  | $ | 49,700 |  |  | $ | 442,638 |
Reserve for unfunded lending commitments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance |  | $ | 3,974 |  |  | $ | — |  |  | $ | 3,974 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 3,974 |
Cumulative effect of change in accounting principle |  |  | 5,772 |  |  |  | 288 |  |  |  | 6,060 |  |  |  | 449 |  |  |  | 15,658 |  |  |  | 17 |  |  |  | 5,146 |  |  |  | 27,330 |
Provision for losses on unfunded commitments |  |  | (2,900 | ) |  |  | 427 |  |  |  | (2,473 | ) |  |  | 649 |  |  |  | 10,455 |  |  |  | 5 |  |  |  | (3,369 | ) |  |  | 5,267 |
Ending balance - reserve for unfunded lending commitments |  |  | 6,846 |  |  |  | 715 |  |  |  | 7,561 |  |  |  | 1,098 |  |  |  | 26,113 |  |  |  | 22 |  |  |  | 1,777 |  |  |  | 36,571 |
Total allowance for credit losses |  | $ | 151,817 |  |  | $ | 62,181 |  |  | $ | 213,998 |  |  | $ | 99,009 |  |  | $ | 57,352 |  |  | $ | 57,373 |  |  | $ | 51,477 |  |  | $ | 479,209 |
Allowance for loan losses: |  |  |
Individually evaluated |  | $ | 12,619 |  |  | $ | 1,237 |  |  | $ | 13,856 |  |  | $ | 457 |  |  | $ | 55 |  |  | $ | 477 |  |  | $ | 377 |  |  | $ | 15,222 |
Collectively evaluated |  |  | 132,352 |  |  |  | 60,229 |  |  |  | 192,581 |  |  |  | 97,454 |  |  |  | 31,184 |  |  |  | 56,874 |  |  |  | 49,323 |  |  |  | 427,416 |
Allowance for loan losses |  | $ | 144,971 |  |  | $ | 61,466 |  |  | $ | 206,437 |  |  | $ | 97,911 |  |  | $ | 31,239 |  |  | $ | 57,351 |  |  | $ | 49,700 |  |  | $ | 442,638 |
Reserve for unfunded lending commitments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated |  | $ | 751 |  |  | $ | — |  |  | $ | 751 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 751 |
Collectively evaluated |  |  | 6,095 |  |  |  | 715 |  |  |  | 6,810 |  |  |  | 1,098 |  |  |  | 26,113 |  |  |  | 22 |  |  |  | 1,777 |  |  |  | 35,820 |
Reserve for unfunded lending commitments: |  | $ | 6,846 |  |  | $ | 715 |  |  | $ | 7,561 |  |  | $ | 1,098 |  |  | $ | 26,113 |  |  | $ | 22 |  |  | $ | 1,777 |  |  | $ | 36,571 |
Total allowance for credit losses |  | $ | 151,817 |  |  | $ | 62,181 |  |  | $ | 213,998 |  |  | $ | 99,009 |  |  | $ | 57,352 |  |  | $ | 57,373 |  |  | $ | 51,477 |  |  | $ | 479,209 |
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated |  | $ | 89,314 |  |  | $ | 9,982 |  |  | $ | 99,296 |  |  | $ | 6,222 |  |  | $ | 1,007 |  |  | $ | 5,710 |  |  | $ | 3,970 |  |  | $ | 116,205 |
Collectively evaluated |  |  | 10,375,966 |  |  |  | 2,752,277 |  |  |  | 13,128,243 |  |  |  | 3,344,077 |  |  |  | 1,127,952 |  |  |  | 2,871,606 |  |  |  | 2,040,294 |  |  |  | 22,512,172 |
Total loans |  | $ | 10,465,280 |  |  | $ | 2,762,259 |  |  | $ | 13,227,539 |  |  | $ | 3,350,299 |  |  | $ | 1,128,959 |  |  | $ | 2,877,316 |  |  | $ | 2,044,264 |  |  | $ | 22,628,377 |
|  |  |  |  |  | Commercial |  |  | Total |  |  | Commercial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Commercial |  |  | real estate- |  |  | commercial |  |  | real estate- |  |  | Construction |  |  |  |  |  |  |  |  |  |  |  |  |
|  | non-real |  |  | owner |  |  | and |  |  | income |  |  | and land |  |  | Residential |  |  |  |  |  |  |  |  |
(in thousands) |  | estate |  |  | occupied |  |  | industrial |  |  | producing |  |  | development |  |  | mortgages |  |  | Consumer |  |  | Total |
|  | Six Months Ended June 30, 2019 |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance |  | $ | 97,752 |  |  | $ | 13,757 |  |  | $ | 111,509 |  |  | $ | 17,638 |  |  | $ | 15,647 |  |  | $ | 23,782 |  |  | $ | 25,938 |  |  | $ | 194,514 |
Charge-offs |  |  | (21,653 | ) |  |  | (71 | ) |  |  | (21,724 | ) |  |  | (10 | ) |  |  | - |  |  |  | (439 | ) |  |  | (8,167 | ) |  |  | (30,340 | )
Recoveries |  |  | 2,730 |  |  |  | 221 |  |  |  | 2,951 |  |  |  | 2 |  |  |  | 97 |  |  |  | 266 |  |  |  | 2,004 |  |  |  | 5,320 |
Net provision for loan losses |  |  | 17,698 |  |  |  | 328 |  |  |  | 18,026 |  |  |  | 7,781 |  |  |  | (4,079 | ) |  |  | (551 | ) |  |  | 4,954 |  |  |  | 26,131 |
Ending balance |  | $ | 96,527 |  |  | $ | 14,235 |  |  | $ | 110,762 |  |  | $ | 25,411 |  |  | $ | 11,665 |  |  | $ | 23,058 |  |  | $ | 24,729 |  |  | $ | 195,625 |
Ending balance: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment |  | $ | 8,486 |  |  | $ | 142 |  |  | $ | 8,628 |  |  | $ | 93 |  |  | $ | 1 |  |  | $ | 146 |  |  | $ | 253 |  |  | $ | 9,121 |
Amounts related to purchased credit impaired loans |  |  | 138 |  |  |  | 172 |  |  |  | 310 |  |  |  | 105 |  |  |  | 151 |  |  |  | 8,695 |  |  |  | 313 |  |  |  | 9,574 |
Collectively evaluated for impairment |  |  | 87,903 |  |  |  | 13,921 |  |  |  | 101,824 |  |  |  | 25,213 |  |  |  | 11,513 |  |  |  | 14,217 |  |  |  | 24,163 |  |  |  | 176,930 |
Total allowance |  | $ | 96,527 |  |  | $ | 14,235 |  |  | $ | 110,762 |  |  | $ | 25,411 |  |  | $ | 11,665 |  |  | $ | 23,058 |  |  | $ | 24,729 |  |  | $ | 195,625 |
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment |  | $ | 224,603 |  |  | $ | 17,769 |  |  | $ | 242,372 |  |  | $ | 1,880 |  |  | $ | 19 |  |  | $ | 4,089 |  |  | $ | 1,521 |  |  | $ | 249,881 |
Purchased credit impaired loans |  |  | 6,313 |  |  |  | 5,581 |  |  |  | 11,894 |  |  |  | 4,702 |  |  |  | 1,482 |  |  |  | 98,472 |  |  |  | 3,444 |  |  |  | 119,994 |
Collectively evaluated for impairment |  |  | 8,328,202 |  |  |  | 2,496,620 |  |  |  | 10,824,822 |  |  |  | 2,888,886 |  |  |  | 1,142,561 |  |  |  | 2,865,710 |  |  |  | 2,083,958 |  |  |  | 19,805,937 |
Total loans |  | $ | 8,559,118 |  |  | $ | 2,519,970 |  |  | $ | 11,079,088 |  |  | $ | 2,895,468 |  |  | $ | 1,144,062 |  |  | $ | 2,968,271 |  |  | $ | 2,088,923 |  |  | $ | 20,175,812 |
Composition of Nonaccrual Loans by Portfolio Class | The following table shows the composition of nonaccrual loans by portfolio class. Prior to the adoption of CECL, purchased credit impaired loans accounted for in pools with an accretable yield were considered to be performing. Such loans totaled $17.5 million at December 31, 2019.
|  | June 30, |  |  | December 31, |
(in thousands) |  | 2020 |  |  | 2019 |
Commercial non-real estate |  | $ | 93,471 |  |  | $ | 178,678 |
Commercial real estate - owner occupied |  |  | 14,120 |  |  |  | 7,708 |
Total commercial and industrial |  |  | 107,591 |  |  |  | 186,386 |
Commercial real estate - income producing |  |  | 7,180 |  |  |  | 2,594 |
Construction and land development |  |  | 2,498 |  |  |  | 1,217 |
Residential mortgages |  |  | 42,237 |  |  |  | 39,262 |
Consumer |  |  | 24,473 |  |  |  | 16,374 |
Total loans |  | $ | 183,979 |  |  | $ | 245,833 |
Troubled Debt Restructurings Modified by Portfolio Class | The tables below detail by portfolio class TDRs that were modified during the six months ended June 30, 2020 and 2019:
|  | Three Months Ended |
($ in thousands) |  | June 30, 2020 |  |  | June 30, 2019 |
|  |  |  |  |  | Pre- Modification |  |  | Post- Modification |  |  |  |  |  |  | Pre- Modification |  |  | Post- Modification |
|  | Number |  |  | Outstanding |  |  | Outstanding |  |  | Number |  |  | Outstanding |  |  | Outstanding |
|  | of |  |  | Recorded |  |  | Recorded |  |  | of |  |  | Recorded |  |  | Recorded |
Troubled Debt Restructurings: |  | Contracts |  |  | Investment |  |  | Investment |  |  | Contracts |  |  | Investment |  |  | Investment |
Commercial non-real estate |  |  | 2 |  |  | $ | 350 |  |  | $ | 350 |  |  |  | 1 |  |  | $ | 334 |  |  | $ | 334 |
Commercial real estate - owner occupied |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total commercial and industrial |  |  | 2 |  |  |  | 350 |  |  |  | 350 |  |  |  | 1 |  |  |  | 334 |  |  |  | 334 |
Commercial real estate - income producing |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Construction and land development |  |  | 1 |  |  |  | 15 |  |  |  | 15 |  |  |  | — |  |  |  | — |  |  |  | — |
Residential mortgages |  |  | 8 |  |  |  | 1,810 |  |  |  | 1,810 |  |  |  | 2 |  |  |  | 638 |  |  |  | 638 |
Consumer |  |  | 2 |  |  |  | 30 |  |  |  | 30 |  |  |  | — |  |  |  | — |  |  |  | — |
Total loans |  |  | 13 |  |  | $ | 2,205 |  |  | $ | 2,205 |  |  |  | 3 |  |  | $ | 972 |  |  | $ | 972 |
|  | Six Months Ended |
($ in thousands) |  | June 30, 2020 |  |  | June 30, 2019 |
Troubled Debt Restructurings: |  | Number of Contracts |  |  | Pre- Modification Outstanding Recorded Investment |  |  | Post- Modification Outstanding Recorded Investment |  |  | Number of Contracts |  |  | Pre- Modification Outstanding Recorded Investment |  |  | Post- Modification Outstanding Recorded Investment |
Commercial non-real estate |  |  | 3 |  |  | $ | 745 |  |  | $ | 745 |  |  |  | 8 |  |  | $ | 14,137 |  |  | $ | 14,137 |
Commercial real estate - owner occupied |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1 |  |  |  | 167 |  |  |  | 167 |
Total commercial and industrial |  |  | 3 |  |  |  | 745 |  |  |  | 745 |  |  |  | 9 |  |  |  | 14,304 |  |  |  | 14,304 |
Commercial real estate - income producing |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Construction and land development |  |  | 1 |  |  |  | 15 |  |  |  | 15 |  |  |  | — |  |  |  | — |  |  |  | — |
Residential mortgages |  |  | 9 |  |  |  | 2,066 |  |  |  | 2,066 |  |  |  | 7 |  |  |  | 1,902 |  |  |  | 1,902 |
Consumer |  |  | 5 |  |  |  | 64 |  |  |  | 64 |  |  |  | 2 |  |  |  | 46 |  |  |  | 46 |
Total loans |  |  | 18 |  |  |  | 2,890 |  |  |  | 2,890 |  |  |  | 18 |  |  | $ | 16,252 |  |  | $ | 16,252 |
Loans Individually Evaluated Disaggregated by Portfolio Class | The tables below present loans that are individually evaluated by portfolio class at June 30, 2020 and December 31, 2019. Loans individually evaluated include nonaccrual loans, TDRs and other loans that do not share common characteristics with loans evaluated on a collective basis that have aggregate relationship balances of $1 million or more.
|  | June 30, 2020 |
(in thousands) |  | Recorded investment without an allowance |  |  | Recorded investment with an allowance |  |  | Unpaid principal balance |  |  | Related allowance for loan loss |
Commercial non-real estate |  | $ | 42,426 |  |  | $ | 46,888 |  |  | $ | 150,630 |  |  | $ | 12,619 |
Commercial real estate - owner occupied |  |  | 3,177 |  |  |  | 6,805 |  |  |  | 12,764 |  |  |  | 1,237 |
Total commercial and industrial |  |  | 45,603 |  |  |  | 53,693 |  |  |  | 163,394 |  |  |  | 13,856 |
Commercial real estate - income producing |  |  | 1,332 |  |  |  | 4,890 |  |  |  | 7,018 |  |  |  | 457 |
Construction and land development |  |  | 667 |  |  |  | 340 |  |  |  | 1,007 |  |  |  | 55 |
Residential mortgages |  |  | 1,921 |  |  |  | 3,789 |  |  |  | 6,251 |  |  |  | 477 |
Consumer |  |  | 1,567 |  |  |  | 2,403 |  |  |  | 3,970 |  |  |  | 377 |
Total loans |  | $ | 51,090 |  |  | $ | 65,115 |  |  | $ | 181,640 |  |  | $ | 15,222 |
|  | December 31, 2019 |
(in thousands) |  | Recorded investment without an allowance |  |  | Recorded investment with an allowance |  |  | Unpaid principal balance |  |  | Related allowance for loan loss |
Commercial non-real estate |  | $ | 134,191 |  |  | $ | 98,247 |  |  | $ | 270,078 |  |  | $ | 21,733 |
Commercial real estate - owner occupied |  |  | 2,665 |  |  |  | 1,716 |  |  |  | 7,793 |  |  |  | 104 |
Total commercial and industrial |  |  | 136,856 |  |  |  | 99,963 |  |  |  | 277,871 |  |  |  | 21,837 |
Commercial real estate - income producing |  |  | 373 |  |  |  | 1,525 |  |  |  | 1,959 |  |  |  | 18 |
Construction and land development |  |  | — |  |  |  | 277 |  |  |  | 322 |  |  |  | 21 |
Residential mortgages |  |  | 3,383 |  |  |  | 1,791 |  |  |  | 5,709 |  |  |  | 217 |
Consumer |  |  | 479 |  |  |  | 1,004 |  |  |  | 1,906 |  |  |  | 292 |
Total loans |  | $ | 141,091 |  |  | $ | 104,560 |  |  | $ | 287,767 |  |  | $ | 22,385 |
The tables below present the average balances and interest income for individually evaluated loans for the six months ended June 30, 2020 and 2019. Interest income recognized represents interest on accruing loans modified in a TDR.
|  | Three Months Ended |
|  | June 30, 2020 |  |  | June 30, 2019 |
(in thousands) |  | Average Recorded Investment |  |  | Interest Income Recognized |  |  | Average Recorded Investment |  |  | Interest Income Recognized |
Commercial non-real estate |  | $ | 247,526 |  |  | $ | 217 |  |  | $ | 228,055 |  |  | $ | 1,444 |
Commercial real estate - owner occupied |  |  | 7,083 |  |  |  | — |  |  |  | 17,371 |  |  |  | 71 |
Total commercial and industrial |  |  | 254,609 |  |  |  | 217 |  |  |  | 245,426 |  |  |  | 1,515 |
Commercial real estate - income producing |  |  | 6,761 |  |  |  | 6 |  |  |  | 2,274 |  |  |  | 7 |
Construction and land development |  |  | 2,179 |  |  |  | 2 |  |  |  | 19 |  |  |  | — |
Residential mortgages |  |  | 5,168 |  |  |  | 17 |  |  |  | 4,743 |  |  |  | 2 |
Consumer |  |  | 2,625 |  |  |  | 23 |  |  |  | 1,515 |  |  |  | 18 |
Total loans |  | $ | 271,342 |  |  | $ | 265 |  |  | $ | 253,977 |  |  | $ | 1,542 |
|  | Six Months Ended
|  | June 30, 2020 |  |  | June 30, 2019
(in thousands) |  | Average Recorded Investment |  |  | Interest Income Recognized |  |  | Average Recorded Investment |  |  | Interest Income Recognized
Commercial non-real estate |  | $ | 245,320 |  |  | $ | 739 |  |  | $ | 231,750 |  |  | $ | 3,140
Commercial real estate - owner occupied |  |  | 5,683 |  |  |  | - |  |  |  | 18,346 |  |  |  | 151
Total commercial and industrial |  |  | 251,003 |  |  |  | 739 |  |  |  | 250,096 |  |  |  | 3,291
Commercial real estate - income producing |  |  | 5,680 |  |  |  | 12 |  |  |  | 2,480 |  |  |  | 14
Construction and land development |  |  | 1,996 |  |  |  | 4 |  |  |  | 45 |  |  |  | —
Residential mortgages |  |  | 5,034 |  |  |  | 21 |  |  |  | 4,690 |  |  |  | 7
Consumer |  |  | 2,004 |  |  |  | 46 |  |  |  | 1,386 |  |  |  | 34
Total loans |  | $ | 265,717 |  |  | $ | 822 |  |  | $ | 258,697 |  |  | $ | 3,346
Aging Analysis of Past Due Loans by Portfolio Class | The tables below present the aging analysis of past due loans by portfolio class at June 30, 2020 and December 31, 2019. Prior to the adoption of CECL, purchased credit impaired loans accounted for in pools under ASC 310-30 with an accretable yield were considered to be current in the table below as of December 31, 2019. These loans totaled $6.1 million for 30-59 days past due, $2.0 million for 60-89 days past due and $8.3 million for both greater than 90 days past due and greater than 90 days past due and still accruing at December 31, 2019.
June 30, 2020 |  | 30-59 days past due |  |  | 60-89 days past due |  |  | Greater than 90 days past due |  |  | Total past due |  |  | Current |  |  | Total Loans |  |  | Recorded investment > 90 days and still accruing |
(in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial non-real estate |  | $ | 3,940 |  |  | $ | 3,079 |  |  | $ | 80,668 |  |  | $ | 87,687 |  |  | $ | 10,377,593 |  |  | $ | 10,465,280 |  |  | $ | 2,497 |
Commercial real estate - owner occupied |  |  | 1,265 |  |  |  | 1,012 |  |  |  | 12,409 |  |  |  | 14,686 |  |  |  | 2,747,573 |  |  |  | 2,762,259 |  |  |  | 117 |
Total commercial and industrial |  |  | 5,205 |  |  |  | 4,091 |  |  |  | 93,077 |  |  |  | 102,373 |  |  |  | 13,125,166 |  |  |  | 13,227,539 |  |  |  | 2,614 |
Commercial real estate - income producing |  |  | 1,519 |  |  |  | 593 |  |  |  | 7,720 |  |  |  | 9,832 |  |  |  | 3,340,467 |  |  |  | 3,350,299 |  |  |  | 663 |
Construction and land development |  |  | 476 |  |  |  | 2,060 |  |  |  | 2,338 |  |  |  | 4,874 |  |  |  | 1,124,085 |  |  |  | 1,128,959 |  |  |  | 406 |
Residential mortgages |  |  | 3,942 |  |  |  | 11,119 |  |  |  | 30,769 |  |  |  | 45,830 |  |  |  | 2,831,486 |  |  |  | 2,877,316 |  |  |  | 626 |
Consumer |  |  | 9,245 |  |  |  | 5,874 |  |  |  | 14,712 |  |  |  | 29,831 |  |  |  | 2,014,433 |  |  |  | 2,044,264 |  |  |  | 921 |
Total |  | $ | 20,387 |  |  | $ | 23,737 |  |  | $ | 148,616 |  |  | $ | 192,740 |  |  | $ | 22,435,637 |  |  | $ | 22,628,377 |  |  | $ | 5,230 |
December 31, 2019 |  | 30-59 days past due |  |  | 60-89 days past due |  |  | Greater than 90 days past due |  |  | Total past due |  |  | Current |  |  | Total Loans |  |  | Recorded investment > 90 days and still accruing |
(in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial non-real estate |  | $ | 20,893 |  |  | $ | 13,445 |  |  | $ | 100,806 |  |  | $ | 135,144 |  |  | $ | 9,031,803 |  |  |  | 9,166,947 |  |  | $ | 1,537 |
Commercial real estate - owner occupied |  |  | 4,862 |  |  |  | 556 |  |  |  | 7,268 |  |  |  | 12,686 |  |  |  | 2,725,774 |  |  |  | 2,738,460 |  |  |  | 830 |
Total commercial and industrial |  |  | 25,755 |  |  |  | 14,001 |  |  |  | 108,074 |  |  |  | 147,830 |  |  |  | 11,757,577 |  |  |  | 11,905,407 |  |  |  | 2,367 |
Commercial real estate - income producing |  |  | 738 |  |  |  | 703 |  |  |  | 2,910 |  |  |  | 4,351 |  |  |  | 2,990,097 |  |  |  | 2,994,448 |  |  |  | 450 |
Construction and land development |  |  | 5,747 |  |  |  | 680 |  |  |  | 2,480 |  |  |  | 8,907 |  |  |  | 1,148,544 |  |  |  | 1,157,451 |  |  |  | 2,042 |
Residential mortgages |  |  | 32,867 |  |  |  | 8,584 |  |  |  | 23,577 |  |  |  | 65,028 |  |  |  | 2,925,603 |  |  |  | 2,990,631 |  |  |  | 85 |
Consumer |  |  | 18,586 |  |  |  | 6,215 |  |  |  | 9,901 |  |  |  | 34,702 |  |  |  | 2,130,116 |  |  |  | 2,164,818 |  |  |  | 1,638 |
Total |  | $ | 83,693 |  |  | $ | 30,183 |  |  | $ | 146,942 |  |  | $ | 260,818 |  |  | $ | 20,951,937 |  |  | $ | 21,212,755 |  |  | $ | 6,582 |
Credit Quality Indicators by Segments and Portfolio Class | The following table presents credit quality disclosures of amortized cost by class and vintage for term loans and by revolving and revolving converted to amortizing at June 30, 2020. We define vintage as the later of origination, renewal or restructure date.
| Term Loans |  |  |  |  |  |  |  |  |  |  |
| Amortized Cost Basis by Origination Year |  |  |  |  |  |  |  |  |  |  |
|  | 2020 |  |  | 2019 |  |  | 2018 |  |  | 2017 |  |  | 2016 |  |  | Prior |  |  | Revolving Loans |  |  | Revolving Loans Converted to Term Loans |  |  | Total |
Commercial Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 4,296,564 |  |  | $ | 3,327,755 |  |  | $ | 2,146,064 |  |  | $ | 1,672,980 |  |  | $ | 1,187,467 |  |  | $ | 1,605,845 |  |  | $ | 2,518,581 |  |  | $ | 100,625 |  |  | $ | 16,855,881 |
Pass-Watch |  |  | 52,823 |  |  |  | 53,406 |  |  |  | 64,528 |  |  |  | 86,433 |  |  |  | 45,023 |  |  |  | 85,315 |  |  |  | 102,437 |  |  |  | 12,810 |  |  |  | 502,775 |
Special Mention |  |  | 1,598 |  |  |  | 4,372 |  |  |  | 5,798 |  |  |  | 26,179 |  |  |  | 13,687 |  |  |  | 16,091 |  |  |  | 11,882 |  |  |  | 1,242 |  |  |  | 80,849 |
Substandard |  |  | 32,647 |  |  |  | 36,746 |  |  |  | 56,298 |  |  |  | 15,284 |  |  |  | 19,411 |  |  |  | 42,952 |  |  |  | 51,322 |  |  |  | 12,632 |  |  |  | 267,292 |
Doubtful |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total Commercial Loans |  | $ | 4,383,632 |  |  | $ | 3,422,279 |  |  | $ | 2,272,688 |  |  | $ | 1,800,876 |  |  | $ | 1,265,588 |  |  | $ | 1,750,203 |  |  | $ | 2,684,222 |  |  | $ | 127,309 |  |  | $ | 17,706,797 |
Residential Mortgage and Consumer Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  | $ | 277,534 |  |  | $ | 506,177 |  |  | $ | 531,553 |  |  | $ | 698,878 |  |  | $ | 583,723 |  |  | $ | 1,004,835 |  |  | $ | 1,242,586 |  |  | $ | 5,459 |  |  |  | 4,850,745 |
Nonperforming |  |  | 954 |  |  |  | 4,275 |  |  |  | 6,360 |  |  |  | 10,315 |  |  |  | 5,546 |  |  |  | 35,972 |  |  |  | 3,409 |  |  |  | 4,004 |  |  |  | 70,835 |
Total Consumer Loans |  | $ | 278,488 |  |  | $ | 510,452 |  |  | $ | 537,913 |  |  | $ | 709,193 |  |  | $ | 589,269 |  |  | $ | 1,040,807 |  |  | $ | 1,245,995 |  |  | $ | 9,463 |  |  | $ | 4,921,580 |
Changes in Carrying Amount of Purchased Credit Impaired Loans and Related Accretable Yield | Changes in the carrying amount of purchased credit impaired loans and related accretable yield are presented in the following table for the year ended December 31, 2019.
|  | December 31, 2019 |
(in thousands) |  | Carrying Amount of Loans |  |  | Accretable Yield |
Balance at beginning of period |  | $ | 129,596 |  |  | $ | 37,294 |
Additions |  |  | 120,562 |  |  |  | 6,246 |
Payments received, net |  |  | (48,076 | ) |  |  | (4,601 | )
Accretion |  |  | 13,163 |  |  |  | (13,163 | )
Decrease in expected cash flows based on actual cash flows and changes in cash flow assumptions |  |  | — |  |  |  | 4,170 |
Balance at end of period |  | $ | 215,245 |  |  | $ | 29,946 |
Total Commercial [Member] |
Accounts Notes And Loans Receivable [Line Items] |
Credit Quality Indicators by Segments and Portfolio Class | The following tables present the credit quality indicators by segments and portfolio class of loans held for investment at June 30, 2020 and December 31, 2019. The Company routinely assesses the ratings of loans in its portfolio through an established and comprehensive portfolio management process. In addition, the Company often looks at portfolios of loans to determine if there are areas of risk not specifically identified in its loan by loan approach. As a result, several loans were downgraded to pass-watch in 2020 in reaction to economic downturn caused by the pandemic and other environmental factors. In alignment with regulatory guidance, the Company has been working with its customers to manage through this period of severe uncertainty and economic stress, including providing various types of loan deferrals. As these deferrals expire and more information becomes available concerning individual borrower circumstances, further risk rating adjustments may be required.
|  | June 30, 2020 |
(in thousands) |  | Commercial non-real estate |  |  | Commercial real estate - owner- occupied |  |  | Total commercial and industrial |  |  | Commercial real estate - income producing |  |  | Construction and land development |  |  | Total commercial |
Grade: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 9,954,470 |  |  | $ | 2,564,962 |  |  | $ | 12,519,432 |  |  | $ | 3,239,192 |  |  | $ | 1,097,257 |  |  | $ | 16,855,881 |
Pass-Watch |  |  | 263,198 |  |  |  | 136,658 |  |  |  | 399,856 |  |  |  | 78,302 |  |  |  | 24,617 |  |  |  | 502,775 |
Special Mention |  |  | 60,022 |  |  |  | 9,160 |  |  |  | 69,182 |  |  |  | 10,079 |  |  |  | 1,588 |  |  |  | 80,849 |
Substandard |  |  | 187,590 |  |  |  | 51,479 |  |  |  | 239,069 |  |  |  | 22,726 |  |  |  | 5,497 |  |  |  | 267,292 |
Doubtful |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total |  | $ | 10,465,280 |  |  | $ | 2,762,259 |  |  | $ | 13,227,539 |  |  | $ | 3,350,299 |  |  | $ | 1,128,959 |  |  | $ | 17,706,797 |
|  | December 31, 2019 |
(in thousands) |  | Commercial non-real estate |  |  | Commercial real estate - owner- occupied |  |  | Total commercial and industrial |  |  | Commercial real estate - income producing |  |  | Construction and land development |  |  | Total commercial |
Grade: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 8,492,113 |  |  | $ | 2,517,448 |  |  | $ | 11,009,561 |  |  |  | 2,883,553 |  |  | $ | 1,120,997 |  |  | $ | 15,014,111 |
Pass-Watch |  |  | 220,850 |  |  |  | 146,266 |  |  |  | 367,116 |  |  |  | 69,765 |  |  |  | 25,621 |  |  |  | 462,502 |
Special Mention |  |  | 71,654 |  |  |  | 14,651 |  |  |  | 86,305 |  |  |  | 14,995 |  |  |  | 283 |  |  |  | 101,583 |
Substandard |  |  | 382,330 |  |  |  | 60,095 |  |  |  | 442,425 |  |  |  | 26,135 |  |  |  | 10,550 |  |  |  | 479,110 |
Doubtful |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total |  | $ | 9,166,947 |  |  | $ | 2,738,460 |  |  | $ | 11,905,407 |  |  | $ | 2,994,448 |  |  | $ | 1,157,451 |  |  | $ | 16,057,306 |
Residential Mortgage and Consumer [Member] |
Accounts Notes And Loans Receivable [Line Items] |
Credit Quality Indicators by Segments and Portfolio Class |
|  | June 30, 2020 |  |  | December 31, 2019 |
(in thousands) |  | Residential mortgage |  |  | Consumer |  |  | Total |  |  | Residential mortgage |  |  | Consumer |  |  | Total |
Performing |  | $ | 2,832,131 |  |  | $ | 2,018,614 |  |  | $ | 4,850,745 |  |  | $ | 2,950,854 |  |  | $ | 2,147,312 |  |  | $ | 5,098,166 |
Nonperforming |  |  | 45,185 |  |  |  | 25,650 |  |  |  | 70,835 |  |  |  | 39,777 |  |  |  | 17,506 |  |  |  | 57,283 |
Total |  | $ | 2,877,316 |  |  | $ | 2,044,264 |  |  | $ | 4,921,580 |  |  | $ | 2,990,631 |  |  | $ | 2,164,818 |  |  | $ | 5,155,449 |

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