XML 36 R26.htm IDEA: XBRL DOCUMENT v3.23.2
Loans and Allowance for Credit Losses (Tables)
6 Months Ended
Jun. 30, 2023
Accounts Notes And Loans Receivable [Line Items]  
Loans, Net of Unearned Income The following table presents loans, net of unearned income, by portfolio class at June 30, 2023 and December 31, 2022.

 

 

June 30,

 

 

December 31,

 

($ in thousands)

 

2023

 

 

2022

 

Commercial non-real estate

 

$

10,113,932

 

 

$

10,146,453

 

Commercial real estate - owner occupied

 

 

3,058,829

 

 

 

3,033,058

 

Total commercial and industrial

 

 

13,172,761

 

 

 

13,179,511

 

Commercial real estate - income producing

 

 

3,762,428

 

 

 

3,560,991

 

Construction and land development

 

 

1,768,252

 

 

 

1,703,592

 

Residential mortgages

 

 

3,581,514

 

 

 

3,092,605

 

Consumer

 

 

1,504,931

 

 

 

1,577,347

 

Total loans

 

$

23,789,886

 

 

$

23,114,046

 

Allowance for Credit Losses by Portfolio Class The following tables present activity in the allowance for credit losses (ACL) by portfolio class for the six months ended June 30, 2023 and 2022, as well as the corresponding recorded investment in loans at the end of each period.

 

 

 

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, 2023

 

Allowance for credit losses

 

 

 

 

 

 

 

 

 

Allowance for loan losses:

 

 

 

 

 

 

 

 

 

Beginning balance

$

96,461

 

$

48,284

 

$

144,745

 

$

71,961

 

$

30,498

 

$

32,464

 

$

28,121

 

$

307,789

 

Charge-offs

 

(7,503

)

 

 

 

(7,503

)

 

(73

)

 

(72

)

 

(28

)

 

(6,912

)

 

(14,588

)

Recoveries

 

2,694

 

 

350

 

 

3,044

 

 

10

 

 

6

 

 

480

 

 

1,953

 

 

5,493

 

Net provision for loan losses

 

4,543

 

 

(2,339

)

 

2,204

 

 

5,243

 

 

912

 

 

3,681

 

 

3,762

 

 

15,802

 

Ending balance - allowance for loan losses

$

96,195

 

$

46,295

 

$

142,490

 

$

77,141

 

$

31,344

 

$

36,597

 

$

26,924

 

$

314,496

 

Reserve for unfunded lending commitments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

$

4,984

 

$

302

 

$

5,286

 

$

1,395

 

$

25,110

 

$

31

 

$

1,487

 

$

33,309

 

Provision for losses on unfunded commitments

 

12

 

 

27

 

 

39

 

 

28

 

 

(2,227

)

 

(8

)

 

19

 

 

(2,149

)

Ending balance - reserve for unfunded lending commitments

 

4,996

 

 

329

 

 

5,325

 

 

1,423

 

 

22,883

 

 

23

 

 

1,506

 

 

31,160

 

Total allowance for credit losses

$

101,191

 

$

46,624

 

$

147,815

 

$

78,564

 

$

54,227

 

$

36,620

 

$

28,430

 

$

345,656

 

Allowance for loan losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated

$

7,501

 

$

 

$

7,501

 

$

 

$

 

$

 

$

 

$

7,501

 

Collectively evaluated

 

88,694

 

 

46,295

 

 

134,989

 

 

77,141

 

 

31,344

 

 

36,597

 

 

26,924

 

 

306,995

 

Allowance for loan losses

$

96,195

 

$

46,295

 

$

142,490

 

$

77,141

 

$

31,344

 

$

36,597

 

$

26,924

 

$

314,496

 

Reserve for unfunded lending commitments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated

$

 

$

 

$

 

$

 

$

 

$

 

$

 

$

 

Collectively evaluated

 

4,996

 

 

329

 

 

5,325

 

 

1,423

 

 

22,883

 

 

23

 

 

1,506

 

 

31,160

 

Reserve for unfunded lending commitments:

$

4,996

 

$

329

 

$

5,325

 

$

1,423

 

$

22,883

 

$

23

 

$

1,506

 

$

31,160

 

Total allowance for credit losses

$

101,191

 

$

46,624

 

$

147,815

 

$

78,564

 

$

54,227

 

$

36,620

 

$

28,430

 

$

345,656

 

Loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated

$

35,697

 

$

675

 

$

36,372

 

$

 

$

 

$

1,135

 

$

 

$

37,507

 

Collectively evaluated

 

10,078,235

 

 

3,058,154

 

 

13,136,389

 

 

3,762,428

 

 

1,768,252

 

 

3,580,379

 

 

1,504,931

 

 

23,752,379

 

Total loans

$

10,113,932

 

$

3,058,829

 

$

13,172,761

 

$

3,762,428

 

$

1,768,252

 

$

3,581,514

 

$

1,504,931

 

$

23,789,886

 

 

 

 

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, 2022

 

Allowance for credit losses

 

 

 

 

 

 

 

 

 

 

 

Allowance for loan losses:

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

$

95,888

 

$

53,433

 

$

149,321

 

$

108,058

 

$

22,102

 

$

30,623

 

$

31,961

 

$

342,065

 

Charge-offs

 

(3,747

)

 

(857

)

 

(4,604

)

 

(1,066

)

 

(3

)

 

(60

)

 

(5,627

)

 

(11,360

)

Recoveries

 

6,603

 

 

491

 

 

7,094

 

 

878

 

 

126

 

 

527

 

 

3,102

 

 

11,727

 

Net provision for loan losses

 

(5,925

)

 

(3,452

)

 

(9,377

)

 

(24,919

)

 

2,478

 

 

(2,506

)

 

67

 

 

(34,257

)

Ending balance - allowance for loan losses

$

92,819

 

$

49,615

 

$

142,434

 

$

82,951

 

$

24,703

 

$

28,584

 

$

29,503

 

$

308,175

 

Reserve for unfunded lending commitments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

$

4,522

 

$

323

 

$

4,845

 

$

1,694

 

$

21,907

 

$

22

 

$

866

 

$

29,334

 

Provision for losses on unfunded commitments

 

51

 

 

40

 

 

91

 

 

(274

)

 

1,598

 

 

2

 

 

552

 

 

1,969

 

Ending balance - reserve for unfunded lending commitments

 

4,573

 

 

363

 

 

4,936

 

 

1,420

 

 

23,505

 

 

24

 

 

1,418

 

 

31,303

 

Total allowance for credit losses

$

97,392

 

$

49,978

 

$

147,370

 

$

84,371

 

$

48,208

 

$

28,608

 

$

30,921

 

$

339,478

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for loan losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated

$

76

 

$

31

 

$

107

 

$

18

 

$

19

 

$

322

 

$

170

 

$

636

 

Collectively evaluated

 

92,743

 

 

49,584

 

 

142,327

 

 

82,933

 

 

24,684

 

 

28,262

 

 

29,333

 

 

307,539

 

Allowance for loan losses

$

92,819

 

$

49,615

 

$

142,434

 

$

82,951

 

$

24,703

 

$

28,584

 

$

29,503

 

$

308,175

 

Reserve for unfunded lending commitments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated

$

 

$

 

$

 

$

 

$

 

$

 

$

 

$

 

Collectively evaluated

 

4,573

 

 

363

 

 

4,936

 

 

1,420

 

 

23,505

 

 

24

 

 

1,418

 

 

31,303

 

Reserve for unfunded lending commitments:

$

4,573

 

$

363

 

$

4,936

 

$

1,420

 

$

23,505

 

$

24

 

$

1,418

 

$

31,303

 

Total allowance for credit losses

$

97,392

 

$

49,978

 

$

147,370

 

$

84,371

 

$

48,208

 

$

28,608

 

$

30,921

 

$

339,478

 

Loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated

$

1,559

 

$

937

 

$

2,496

 

$

1,289

 

$

120

 

$

3,991

 

$

905

 

$

8,801

 

Collectively evaluated

 

9,643,533

 

 

2,963,537

 

 

12,607,070

 

 

3,639,954

 

 

1,408,607

 

 

2,611,816

 

 

1,569,820

 

 

21,837,267

 

Total loans

$

9,645,092

 

$

2,964,474

 

$

12,609,566

 

$

3,641,243

 

$

1,408,727

 

$

2,615,807

 

$

1,570,725

 

$

21,846,068

 

Composition of Nonaccrual Loans and Without an Allowance for Loan Loss by Portfolio Class

The following table shows the composition of nonaccrual loans and those without an allowance for loan loss, by portfolio class.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2023

 

 

 

December 31, 2022

 

($ in thousands)

 

 

Total nonaccrual

 

 

 

Nonaccrual without allowance for loan loss

 

 

 

Total nonaccrual

 

 

 

Nonaccrual without allowance for loan loss

 

Commercial non-real estate

 

$

 

40,268

 

 

$

 

10,256

 

 

$

 

4,020

 

 

$

 

941

 

Commercial real estate - owner occupied

 

 

 

2,295

 

 

 

 

675

 

 

 

 

1,461

 

 

 

 

692

 

Total commercial and industrial

 

 

 

42,563

 

 

 

 

10,931

 

 

 

 

5,481

 

 

 

 

1,633

 

Commercial real estate - income producing

 

 

 

356

 

 

 

 

 

 

 

 

1,240

 

 

 

 

1,174

 

Construction and land development

 

 

 

370

 

 

 

 

 

 

 

 

309

 

 

 

 

 

Residential mortgages

 

 

 

27,458

 

 

 

 

1,135

 

 

 

 

25,269

 

 

 

 

1,884

 

Consumer

 

 

 

7,473

 

 

 

 

 

 

 

 

6,692

 

 

 

 

 

Total loans

 

$

 

78,220

 

 

$

 

12,066

 

 

$

 

38,991

 

 

 

 

4,691

 

Provides Detail by Portfolio Class for Reportable MEFDs

The tables below provides detail by portfolio class for reportable MEFDs entered into during the three and six months ended June 30, 2023.

 

 

 

 

 

 

Three Months Ended June 30, 2023

 

 

 

Term extension

 

 

Payment delay

 

 

Term extensions and payment delay

 

($ in thousands)

 

Balance

 

 

Percentage of portfolio

 

 

Balance

 

 

Percentage of portfolio

 

 

Balance

 

 

Percentage of portfolio

 

Commercial non-real estate

 

$

900

 

 

 

0.01

%

 

$

100

 

 

 

0.00

%

 

$

907

 

 

 

0.01

%

Commercial real estate - owner occupied

 

 

 

 

 

 

 

 

 

 

 

 

 

 

675

 

 

 

0.02

%

Total commercial and industrial

 

 

900

 

 

 

0.01

%

 

 

100

 

 

 

0.00

%

 

 

1,582

 

 

 

0.01

%

Commercial real estate - income producing

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Construction and land development

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential mortgages

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total reportable modified loans

 

$

900

 

 

 

0.00

%

 

$

100

 

 

 

0.00

%

 

$

1,582

 

 

 

0.01

%

 

 

 

 

 

 

 

Six Months Ended June 30, 2023

 

 

 

Term extension

 

 

Payment delay

 

 

Term extensions and payment delay

 

($ in thousands)

 

Balance

 

 

Percentage of portfolio

 

 

Balance

 

 

Percentage of portfolio

 

 

Balance

 

 

Percentage of portfolio

 

Commercial non-real estate

 

$

909

 

 

 

0.01

%

 

$

100

 

 

 

0.00

%

 

$

907

 

 

 

0.01

%

Commercial real estate - owner occupied

 

 

 

 

 

 

 

 

 

 

 

 

 

 

675

 

 

 

0.02

%

Total commercial and industrial

 

 

909

 

 

 

0.01

%

 

 

100

 

 

 

0.00

%

 

 

1,582

 

 

 

0.01

%

Commercial real estate - income producing

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Construction and land development

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential mortgages

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total reportable modified loans

 

$

909

 

 

 

0.00

%

 

$

100

 

 

 

0.00

%

 

$

1,582

 

 

 

0.01

%

 

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, 2023 and December 31, 2022.

June 30, 2023

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

$

26,086

 

$

15,244

 

$

29,531

 

$

70,861

 

$

10,043,071

 

$

10,113,932

 

$

742

 

Commercial real estate - owner occupied

 

2,448

 

 

21,404

 

 

3,332

 

 

27,184

 

 

3,031,645

 

 

3,058,829

 

 

2,966

 

Total commercial and industrial

 

28,534

 

 

36,648

 

 

32,863

 

 

98,045

 

 

13,074,716

 

 

13,172,761

 

 

3,708

 

Commercial real estate - income producing

 

18,104

 

 

172

 

 

1,535

 

 

19,811

 

 

3,742,617

 

 

3,762,428

 

 

1,237

 

Construction and land development

 

666

 

 

375

 

 

184

 

 

1,225

 

 

1,767,027

 

 

1,768,252

 

 

53

 

Residential mortgages

 

6,046

 

 

9,231

 

 

19,920

 

 

35,197

 

 

3,546,317

 

 

3,581,514

 

 

1,538

 

Consumer

 

9,797

 

 

3,036

 

 

4,462

 

 

17,295

 

 

1,487,636

 

 

1,504,931

 

 

1,016

 

Total

$

63,147

 

$

49,462

 

$

58,964

 

$

171,573

 

$

23,618,313

 

$

23,789,886

 

$

7,552

 

 

December 31, 2022

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

$

4,050

 

$

21,329

 

$

3,418

 

$

28,797

 

$

10,117,656

 

$

10,146,453

 

$

996

 

Commercial real estate - owner occupied

 

19,069

 

 

3,346

 

 

1,894

 

 

24,309

 

 

3,008,749

 

 

3,033,058

 

 

1,623

 

Total commercial and industrial

 

23,119

 

 

24,675

 

 

5,312

 

 

53,106

 

 

13,126,405

 

 

13,179,511

 

 

2,619

 

Commercial real estate - income producing

 

879

 

 

 

 

1,174

 

 

2,053

 

 

3,558,938

 

 

3,560,991

 

 

 

Construction and land development

 

4,029

 

 

242

 

 

133

 

 

4,404

 

 

1,699,188

 

 

1,703,592

 

 

54

 

Residential mortgages

 

28,208

 

 

11,056

 

 

17,346

 

 

56,610

 

 

3,035,995

 

 

3,092,605

 

 

293

 

Consumer

 

8,845

 

 

2,806

 

 

4,407

 

 

16,058

 

 

1,561,289

 

 

1,577,347

 

 

1,619

 

Total

$

65,080

 

$

38,779

 

$

28,372

 

$

132,231

 

$

22,981,815

 

$

23,114,046

 

$

4,585

 

 

Credit Quality Indicators by Segment and Portfolio Class

The following tables present credit quality disclosures of amortized cost by portfolio class and vintage for term loans and by revolving and revolving converted to amortizing at June 30, 2023 and December 31, 2022. The Company defines vintage as the later of origination, renewal or modification date. The gross charge-offs presented in the table are for the six months ended June 30, 2023.

 

Term Loans

 

 

 

Revolving Loans

 

 

 

June 30, 2023

Amortized Cost Basis by Origination Year

 

Revolving

 

Converted to

 

 

 

 ($ in thousands)

2023

 

2022

 

2021

 

2020

 

2019

 

Prior

 

Loans

 

Term Loans

 

Total

 

Commercial Non-Real Estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

$

933,613

 

$

2,143,997

 

$

1,279,430

 

$

574,614

 

$

459,156

 

$

984,492

 

$

3,189,964

 

$

76,321

 

$

9,641,587

 

Pass-Watch

 

25,996

 

 

43,916

 

 

31,946

 

 

8,621

 

 

5,795

 

 

50,105

 

 

76,553

 

 

11,610

 

 

254,542

 

Special Mention

 

374

 

 

9,178

 

 

13,290

 

 

1,494

 

 

3,503

 

 

928

 

 

15,551

 

 

5,346

 

 

49,664

 

Substandard

 

25,344

 

 

16,040

 

 

13,076

 

 

29,987

 

 

20,553

 

 

11,815

 

 

46,867

 

 

4,457

 

 

168,139

 

Doubtful

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

985,327

 

$

2,213,131

 

$

1,337,742

 

$

614,716

 

$

489,007

 

$

1,047,340

 

$

3,328,935

 

$

97,734

 

$

10,113,932

 

Gross Charge-offs

$

123

 

$

765

 

$

365

 

$

560

 

$

52

 

$

75

 

$

4,401

 

$

1,162

 

$

7,503

 

Commercial Real Estate - Owner Occupied:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

$

202,261

 

$

669,168

 

$

622,617

 

$

521,183

 

$

301,412

 

$

584,480

 

$

31,077

 

$

12,671

 

$

2,944,869

 

Pass-Watch

 

3,561

 

 

7,360

 

 

4,715

 

 

2,850

 

 

18,987

 

 

17,091

 

 

860

 

 

 

 

55,424

 

Special Mention

 

574

 

 

 

 

 

 

665

 

 

 

 

3,961

 

 

375

 

 

 

 

5,575

 

Substandard

 

18,630

 

 

7,127

 

 

636

 

 

7,364

 

 

4,663

 

 

13,337

 

 

1,204

 

 

 

 

52,961

 

Doubtful

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

225,026

 

$

683,655

 

$

627,968

 

$

532,062

 

$

325,062

 

$

618,869

 

$

33,516

 

$

12,671

 

$

3,058,829

 

Gross Charge-offs

$

 

$

 

$

 

$

 

$

 

$

 

$

 

$

 

$

 

Commercial Real Estate - Income Producing:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

$

257,809

 

$

885,797

 

$

921,288

 

$

672,062

 

$

369,717

 

$

416,420

 

$

64,297

 

$

50,589

 

$

3,637,979

 

Pass-Watch

 

12,061

 

 

2,308

 

 

347

 

 

59,456

 

 

22,591

 

 

2,564

 

 

300

 

 

400

 

 

100,027

 

Special Mention

 

18,054

 

 

 

 

 

 

 

 

 

 

368

 

 

 

 

 

 

18,422

 

Substandard

 

3,652

 

 

378

 

 

298

 

 

1,237

 

 

8

 

 

427

 

 

 

 

 

 

6,000

 

Doubtful

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

291,576

 

$

888,483

 

$

921,933

 

$

732,755

 

$

392,316

 

$

419,779

 

$

64,597

 

$

50,989

 

$

3,762,428

 

Gross Charge-offs

$

73

 

$

 

$

 

$

 

$

 

$

 

$

 

$

 

$

73

 

Construction and Land Development:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

$

225,757

 

$

837,674

 

$

461,103

 

$

89,496

 

$

6,823

 

$

22,374

 

$

109,044

 

$

5,252

 

$

1,757,523

 

Pass-Watch

 

4,967

 

 

1,343

 

 

1,455

 

 

95

 

 

480

 

 

556

 

 

384

 

 

 

 

9,280

 

Special Mention

 

703

 

 

 

 

 

 

 

 

187

 

 

 

 

 

 

 

 

890

 

Substandard

 

 

 

51

 

 

46

 

 

 

 

11

 

 

451

 

 

 

 

 

 

559

 

Doubtful

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

231,427

 

$

839,068

 

$

462,604

 

$

89,591

 

$

7,501

 

$

23,381

 

$

109,428

 

$

5,252

 

$

1,768,252

 

Gross Charge-offs

$

 

$

7

 

$

54

 

$

 

$

 

$

11

 

$

 

$

 

$

72

 

Residential Mortgage:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Performing

$

339,250

 

$

695,785

 

$

870,203

 

$

508,117

 

$

184,657

 

$

952,450

 

$

3,594

 

 

 

$

3,554,056

 

Nonperforming

 

84

 

 

1,789

 

 

3,592

 

 

104

 

 

1,407

 

 

20,482

 

 

 

 

 

 

27,458

 

Total

$

339,334

 

$

697,574

 

$

873,795

 

$

508,221

 

$

186,064

 

$

972,932

 

$

3,594

 

$

 

$

3,581,514

 

Gross Charge-offs

$

 

$

 

$

 

$

 

$

 

$

28

 

$

 

$

 

$

28

 

Consumer Loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Performing

$

49,014

 

$

74,332

 

$

47,360

 

$

36,171

 

$

44,841

 

$

57,928

 

$

1,180,993

 

$

6,819

 

$

1,497,458

 

Nonperforming

 

71

 

 

183

 

 

337

 

 

575

 

 

542

 

 

3,987

 

 

341

 

 

1,437

 

 

7,473

 

Total

$

49,085

 

$

74,515

 

$

47,697

 

$

36,746

 

$

45,383

 

$

61,915

 

$

1,181,334

 

$

8,256

 

$

1,504,931

 

Gross Charge-offs

$

85

 

$

980

 

$

650

 

$

68

 

$

314

 

$

394

 

$

3,694

 

$

727

 

$

6,912

 

 

 

Term Loans

 

 

 

Revolving Loans

 

 

 

December 31, 2022

Amortized Cost Basis by Origination Year

 

Revolving

 

Converted to

 

 

 

 ($ in thousands)

2022

 

2021

 

2020

 

2019

 

2018

 

Prior

 

Loans

 

Term Loans

 

Total

 

Commercial Non-Real Estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

$

2,600,656

 

$

1,450,689

 

$

679,355

 

$

569,842

 

$

267,025

 

$

763,122

 

$

3,193,769

 

$

116,659

 

$

9,641,117

 

Pass-Watch

 

68,307

 

 

38,949

 

 

31,841

 

 

11,757

 

 

8,237

 

 

49,577

 

 

66,339

 

 

9,836

 

 

284,843

 

Special Mention

 

30,276

 

 

13,625

 

 

2,443

 

 

4,406

 

 

322

 

 

1,654

 

 

25,184

 

 

2,070

 

 

79,980

 

Substandard

 

29,667

 

 

13,807

 

 

11,766

 

 

21,667

 

 

12,792

 

 

1,250

 

 

39,213

 

 

10,351

 

 

140,513

 

Doubtful

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

2,728,906

 

$

1,517,070

 

$

725,405

 

$

607,672

 

$

288,376

 

$

815,603

 

$

3,324,505

 

$

138,916

 

$

10,146,453

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial Real Estate - Owner Occupied:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

$

630,121

 

$

650,742

 

$

537,849

 

$

328,364

 

$

265,437

 

$

447,707

 

$

46,730

 

$

5,107

 

$

2,912,057

 

Pass-Watch

 

7,129

 

 

5,299

 

 

3,743

 

 

13,301

 

 

10,872

 

 

7,706

 

 

893

 

 

150

 

 

49,093

 

Special Mention

 

 

 

 

 

544

 

 

822

 

 

1,231

 

 

3,670

 

 

 

 

 

 

6,267

 

Substandard

 

19,899

 

 

547

 

 

6,715

 

 

7,663

 

 

7,543

 

 

21,465

 

 

1,000

 

 

809

 

 

65,641

 

Doubtful

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

657,149

 

$

656,588

 

$

548,851

 

$

350,150

 

$

285,083

 

$

480,548

 

$

48,623

 

$

6,066

 

$

3,033,058

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial Real Estate - Income Producing:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

$

894,522

 

$

795,378

 

$

660,235

 

$

420,435

 

$

232,145

 

$

317,446

 

$

113,487

 

$

7,000

 

$

3,440,648

 

Pass-Watch

 

1,027

 

 

18,070

 

 

58,256

 

 

20,865

 

 

12,066

 

 

836

 

 

467

 

 

 

 

111,587

 

Special Mention

 

235

 

 

 

 

708

 

 

2,325

 

 

166

 

 

376

 

 

 

 

 

 

3,810

 

Substandard

 

415

 

 

 

 

2,785

 

 

8

 

 

1,240

 

 

498

 

 

 

 

 

 

4,946

 

Doubtful

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

896,199

 

$

813,448

 

$

721,984

 

$

443,633

 

$

245,617

 

$

319,156

 

$

113,954

 

$

7,000

 

$

3,560,991

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Construction and Land Development:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pass

$

663,735

 

$

711,731

 

$

148,579

 

$

9,198

 

$

15,360

 

$

10,854

 

$

128,842

 

$

2,457

 

$

1,690,756

 

Pass-Watch

 

8,233

 

 

1,944

 

 

643

 

 

559

 

 

199

 

 

450

 

 

69

 

 

 

 

12,097

 

Special Mention

 

 

 

 

 

 

 

196

 

 

 

 

 

 

 

 

 

 

196

 

Substandard

 

35

 

 

55

 

 

 

 

12

 

 

61

 

 

380

 

 

 

 

 

 

543

 

Doubtful

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

672,003

 

$

713,730

 

$

149,222

 

$

9,965

 

$

15,620

 

$

11,684

 

$

128,911

 

$

2,457

 

$

1,703,592

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential Mortgage:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Performing

$

631,339

 

$

694,104

 

$

518,705

 

$

192,431

 

$

107,675

 

$

918,918

 

$

3,147

 

$

 

$

3,066,319

 

Nonperforming

 

1,058

 

 

2,434

 

 

716

 

 

1,196

 

 

2,080

 

 

18,802

 

 

 

 

 

 

26,286

 

Total

$

632,397

 

$

696,538

 

$

519,421

 

$

193,627

 

$

109,755

 

$

937,720

 

$

3,147

 

$

 

$

3,092,605

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer Loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Performing

$

103,742

 

$

58,248

 

$

45,641

 

$

62,715

 

$

41,559

 

$

40,489

 

$

1,212,958

 

$

4,834

 

$

1,570,186

 

Nonperforming

 

193

 

 

198

 

 

228

 

 

758

 

 

381

 

 

3,341

 

 

459

 

 

1,603

 

 

7,161

 

Total

$

103,935

 

$

58,446

 

$

45,869

 

$

63,473

 

$

41,940

 

$

43,830

 

$

1,213,417

 

$

6,437

 

$

1,577,347

 

Total Commercial [Member]  
Accounts Notes And Loans Receivable [Line Items]  
Credit Quality Indicators by Segment and Portfolio Class

The following tables present the credit quality indicators by segment and portfolio class of loans at June 30, 2023 and December 31, 2022. The Company routinely assesses the ratings of loans in its portfolio through an established and comprehensive portfolio management process.

 

 

June 30, 2023

 

($ 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

 

$

9,641,587

 

 

$

2,944,869

 

 

$

12,586,456

 

 

$

3,637,979

 

 

$

1,757,523

 

 

$

17,981,958

 

Pass-Watch

 

 

254,542

 

 

 

55,424

 

 

 

309,966

 

 

 

100,027

 

 

 

9,280

 

 

 

419,273

 

Special Mention

 

 

49,664

 

 

 

5,575

 

 

 

55,239

 

 

 

18,422

 

 

 

890

 

 

 

74,551

 

Substandard

 

 

168,139

 

 

 

52,961

 

 

 

221,100

 

 

 

6,000

 

 

 

559

 

 

 

227,659

 

Doubtful

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

10,113,932

 

 

$

3,058,829

 

 

$

13,172,761

 

 

$

3,762,428

 

 

$

1,768,252

 

 

$

18,703,441

 

 

 

 

December 31, 2022

 

($ 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

 

$

9,641,117

 

 

$

2,912,057

 

 

$

12,553,174

 

 

$

3,440,648

 

 

$

1,690,756

 

 

$

17,684,578

 

Pass-Watch

 

 

284,843

 

 

 

49,093

 

 

 

333,936

 

 

 

111,587

 

 

 

12,097

 

 

 

457,620

 

Special Mention

 

 

79,980

 

 

 

6,267

 

 

 

86,247

 

 

 

3,810

 

 

 

196

 

 

 

90,253

 

Substandard

 

 

140,513

 

 

 

65,641

 

 

 

206,154

 

 

 

4,946

 

 

 

543

 

 

 

211,643

 

Doubtful

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

10,146,453

 

 

$

3,033,058

 

 

$

13,179,511

 

 

$

3,560,991

 

 

$

1,703,592

 

 

$

18,444,094

 

Residential Mortgage and Consumer [Member]  
Accounts Notes And Loans Receivable [Line Items]  
Credit Quality Indicators by Segment and Portfolio Class

 

 

June 30, 2023

 

 

December 31, 2022

 

($ in thousands)

 

Residential
mortgage

 

 

Consumer

 

 

Total

 

 

Residential
mortgage

 

 

Consumer

 

 

Total

 

Performing

 

$

3,554,056

 

 

$

1,497,458

 

 

$

5,051,514

 

 

$

3,066,319

 

 

$

1,570,186

 

 

$

4,636,505

 

Nonperforming

 

 

27,458

 

 

 

7,473

 

 

 

34,931

 

 

 

26,286

 

 

 

7,161

 

 

 

33,447

 

Total

 

$

3,581,514

 

 

$

1,504,931

 

 

$

5,086,445

 

 

$

3,092,605

 

 

$

1,577,347

 

 

$

4,669,952