XML 37 R22.htm IDEA: XBRL DOCUMENT v2.4.0.8
Allowance for Probable Loan Losses (Tables)
 6 Months Ended
Jun. 30, 2014
Allowance for Probable Loan Losses  
Summary of the transactions in the allowance for probable loan losses by loan class

 

 

 

Quarter Ended June 30, 2014

 

 

 

 

 

Domestic

 

 

 

Foreign

 

 

 

 

 

Commercial

 

Commercial
real estate:
other
construction &
land
development

 

Commercial
real estate:
farmland &
commercial

 

Commercial
real estate:
multifamily

 

Residential:
first lien

 

Residential:
junior lien

 

Consumer

 

Foreign

 

Total

 

 

 

(Dollars in Thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at March 31,

 

$
27,923

 

$
13,475

 

$
18,934

 

$
819

 

$
3,524

 

$
3,968

 

$
748

 

$
1,017

 

$
70,408

 

Losses charge to allowance

 
(2,379

)
(399

)
(170

)

—

 
(103

)
(7

)
(222

)
(47

)
(3,327

)

Recoveries credited to allowance

 
620

 
21

 
35

 

—

 
1

 
67

 
67

 

—

 
811

 

Net (losses) gains charged to allowance

 
(1,759

)
(378

)
(135

)

—

 
(102

)
60

 
(155

)
(47

)
(2,516

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Provision (credit) charged to operations

 
1,842

 
(91

)
739

 
(33

)
299

 
708

 
113

 
68

 
3,645

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at June 30,

 

$
28,006

 

$
13,006

 

$
19,538

 

$
786

 

$
3,721

 

$
4,736

 

$
706

 

$
1,038

 

$
71,537

 

 

 

Quarter Ended June 30, 2013

 

 

 

 

 

Domestic

 

 

 

Foreign

 

 

 

 

 

Commercial

 

Commercial
real estate:
other
construction &
land
development

 

Commercial
real estate:
farmland &
commercial

 

Commercial
real estate:
multifamily

 

Residential:
first lien

 

Residential:
junior lien

 

Consumer

 

Foreign

 

Total

 

 

 

(Dollars in Thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at March 31,

 

$
20,926

 

$
11,053

 

$
20,651

 

$
609

 

$
3,868

 

$
4,011

 

$
820

 

$
1,030

 

$
62,968

 

Losses charge to allowance

 
(2,663

)
(120

)
(1

)

—

 
(27

)
(140

)
(105

)

—

 
(3,056

)

Recoveries credited to allowance

 
557

 
13

 
128

 

—

 
4

 
30

 
60

 
5

 
797

 

Net (losses) gains charged to allowance

 
(2,106

)
(107

)
127

 

—

 
(23

)
(110

)
(45

)
5

 
(2,259

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Provision (credit) charged to operations

 
1,856

 
678

 
1,605

 
14

 
10

 
146

 
22

 
11

 
4,342

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at June 30,

 

$
20,676

 

$
11,624

 

$
22,383

 

$
623

 

$
3,855

 

$
4,047

 

$
797

 

$
1,046

 

$
65,051

 

 

 

Six Months Ended June 30, 2014

 

 

 

 

 

Domestic

 

 

 

Foreign

 

 

 

 

 

Commercial

 

Commercial
real estate:
other
construction &
land
development

 

Commercial
real estate:
farmland &
commercial

 

Commercial
real estate:
multifamily

 

Residential:
first lien

 

Residential:
junior lien

 

Consumer

 

Foreign

 

Total

 

 

 

(Dollars in Thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31,

 

$
22,433

 

$
12,541

 

$
24,467

 

$
776

 

$
3,812

 

$
4,249

 

$
750

 

$
1,133

 

$
70,161

 

Losses charge to allowance

 
(4,860

)
(399

)
(170

)

—

 
(130

)
(153

)
(409

)
(50

)
(6,171

)

Recoveries credited to allowance

 
1,416

 
52

 
58

 

—

 
5

 
100

 
147

 
46

 
1,824

 

Net losses charged to allowance

 
(3,444

)
(347

)
(112

)

—

 
(125

)
(53

)
(262

)
(4

)
(4,347

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Provision (credit) charged to operations

 
9,017

 
812

 
(4,817

)
10

 
34

 
540

 
218

 
(91

)
5,723

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at June 30,

 

$
28,006

 

$
13,006

 

$
19,538

 

$
786

 

$
3,721

 

$
4,736

 

$
706

 

$
1,038

 

$
71,537

 

 

 

Six Months Ended June 30, 2013

 

 

 

 

 

Domestic

 

 

 

Foreign

 

 

 

 

 

Commercial

 

Commercial
real estate:
other
construction &
land
development

 

Commercial
real estate:
farmland &
commercial

 

Commercial
real estate:
multifamily

 

Residential:
first lien

 

Residential:
junior lien

 

Consumer

 

Foreign

 

Total

 

 

 

(Dollars in Thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31,

 

$
11,632

 

$
12,720

 

$
21,880

 

$
694

 

$
4,390

 

$
4,448

 

$
1,289

 

$
1,140

 

$
58,193

 

Losses charge to allowance

 
(5,326

)
(248

)
(61

)

—

 
(199

)
(395

)
(316

)
(20

)
(6,565

)

Recoveries credited to allowance

 
1,251

 
26

 
141

 

—

 
9

 
124

 
106

 
5

 
1,662

 

Net (losses) gains charged to allowance

 
(4,075

)
(222

)
80

 

—

 
(190

)
(271

)
(210

)
(15

)
(4,903

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Provision (credit) charged to operations

 
13,119

 
(874

)
423

 
(71

)
(345

)
(130

)
(282

)
(79

)
11,761

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at June 30,

 

$
20,676

 

$
11,624

 

$
22,383

 

$
623

 

$
3,855

 

$
4,047

 

$
797

 

$
1,046

 

$
65,051

 

 

Loans individually or collectively evaluated for impairment and related allowance, by loan class

 

 

 

 

June 30, 2014

 

 

 

Loans individually evaluated
for impairment

 

Loans collectively evaluated
for impairment

 

 

 

(Dollars in Thousands)

 

 

 

Recorded
Investment

 

Allowance

 

Recorded
Investment

 

Allowance

 

 

 

 

 

 

 

 

 

 

 

Domestic

 

 

 

 

 

 

 

 

 

Commercial

 

$
38,072 

 

$
16,368 

 

$
1,114,058 

 

$
11,638 

 

Commercial real estate: other construction & land development

 
11,520 

 
1,119 

 
1,312,687 

 
11,887 

 

Commercial real estate: farmland & commercial

 
14,464 

 
2,441 

 
1,729,852 

 
17,097 

 

Commercial real estate: multifamily

 
266 

 

—

 
103,715 

 
786 

 

Residential: first lien

 
5,689 

 

—

 
407,915 

 
3,721 

 

Residential: junior lien

 
3,110 

 

—

 
444,153 

 
4,736 

 

Consumer

 
1,363 

 

—

 
61,522 

 
706 

 

Foreign

 
424 

 

—

 
188,705 

 
1,038 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$
74,908 

 

$
19,928 

 

$
5,362,607 

 

$
51,609 

 

 

 

December 31, 2013

 

 

 

Loans individually evaluated
for impairment

 

Loans collectively evaluated
for impairment

 

 

 

(Dollars in Thousands)

 

 

 

Recorded
Investment

 

Allowance

 

Recorded
Investment

 

Allowance

 

 

 

 

 

 

 

 

 

 

 

Domestic

 

 

 

 

 

 

 

 

 

Commercial

 

$
34,183 

 

$
12,234 

 

$
1,008,459 

 

$
10,199 

 

Commercial real estate: other construction & land development

 
13,976 

 
852 

 
1,194,532 

 
11,689 

 

Commercial real estate: farmland & commercial

 
16,038 

 
2,916 

 
1,734,001 

 
21,551 

 

Commercial real estate: multifamily

 
295 

 

—

 
101,803 

 
776 

 

Residential: first lien

 
6,153 

 

—

 
432,309 

 
3,812 

 

Residential: junior lien

 
3,206 

 

—

 
406,024 

 
4,249 

 

Consumer

 
1,606 

 

—

 
64,808 

 
750 

 

Foreign

 
436 

 

—

 
181,406 

 
1,133 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$
75,893 

 

$
16,002 

 

$
5,123,342 

 

$
54,159 

 

 

Loans accounted on non-accrual basis, by loan class

 

 

June 30, 2014

 

December 31, 2013

 

 

 

(Dollars in Thousands)

 

 

 

 

 

 

 

Domestic

 

 

 

 

 

Commercial

 

$
38,011 

 

$
34,110 

 

Commercial real estate: other construction & land development

 
9,267 

 
11,726 

 

Commercial real estate: farmland & commercial

 
12,200 

 
13,775 

 

Commercial real estate: multifamily

 
266 

 
295 

 

Residential: first lien

 
698 

 
1,266 

 

Residential: junior lien

 
1,554 

 
1,576 

 

Consumer

 
39 

 
75 

 

 

 

 

 

 

 

Total non-accrual loans

 

$
62,035 

 

$
62,823 

 

 

Impaired loans, by loan class

 

 

June 30, 2014

 

 

 

 

 

 

 

 

 

Quarter to Date

 

Year to Date

 

 

 

Recorded
Investment

 

Unpaid
Principal
Balance

 

Related
Allowance

 

Average
Recorded
Investment

 

Interest
Recognized

 

Average
Recorded
Investment

 

Interest
Recognized

 

 

 

(Dollars in Thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans with Related Allowance

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Domestic

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

$
17,686 

 

$
17,685 

 

$
16,368 

 

$
17,685 

 

$

—

 

$
17,486 

 

$

—

 

Commercial real estate: other construction & land development

 
6,895 

 
6,904 

 
1,119 

 
6,896 

 

—

 
6,897 

 

—

 

Commercial real estate: farmland & commercial

 
5,943 

 
6,262 

 
2,441 

 
6,374 

 
23 

 
6,499 

 
46 

 

Total impaired loans with related allowance

 

$
30,524 

 

$
30,851 

 

$
19,928 

 

$
30,955 

 

$
23 

 

$
30,882 

 

$
46 

 

 

 

June 30, 2014

 

 

 

 

 

 

 

 

 

Quarter to Date

 

Year to Date

 

 

 

Recorded
Investment

 

Unpaid
Principal
Balance

 

Average
Recorded
Investment

 

Interest
Recognized

 

Average
Recorded
Investment

 

Interest
Recognized

 

 

 

(Dollars in Thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans with No Related Allowance

 

 

 

 

 

 

 

 

 

 

 

 

 

Domestic

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

$
20,386 

 

$
20,436 

 

$
20,347 

 

$
1 

 

$
18,704 

 

$
2 

 

Commercial real estate: other construction & land development

 
4,625 

 
4,676 

 
5,226 

 
19 

 
6,014 

 
37 

 

Commercial real estate: farmland & commercial

 
8,521 

 
9,896 

 
8,854 

 

—

 
8,755 

 

—

 

Commercial real estate: multifamily

 
266 

 
266 

 
270 

 

—

 
278 

 

—

 

Residential: first lien

 
5,689 

 
5,810 

 
6,057 

 
64 

 
6,172 

 
127 

 

Residential: junior lien

 
3,110 

 
3,130 

 
3,114 

 
24 

 
3,124 

 
47 

 

Consumer

 
1,363 

 
1,365 

 
1,369 

 
1 

 
1,406 

 
2 

 

Foreign

 
424 

 
424 

 
426 

 
5 

 
429 

 
9 

 

Total impaired loans with no related allowance

 

$
44,384 

 

$
46,003 

 

$
45,663 

 

$
114 

 

$
44,882 

 

$
224 

 

 

 

December 31, 2013

 

 

 

 

 

Unpaid

 

 

 

Year to Date

 

 

 

Recorded

 

Principal

 

Related

 

Average Recorded

 

Interest

 

 

 

Investment

 

Balance

 

Allowance

 

Investment

 

Recognized

 

 

 

(Dollars in Thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans with Related Allowance

 

 

 

 

 

 

 

 

 

 

 

Domestic

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

$
17,178 

 

$
17,177 

 

$
12,234 

 

$
18,019 

 

$
38 

 

Commercial real estate: other construction & land development

 
6,818 

 
6,825 

 
852 

 
6,058 

 

—

 

Commercial real estate: farmland & commercial

 
7,259 

 
10,697 

 
2,916 

 
7,167 

 
92 

 

Total impaired loans with related allowance

 

$
31,255 

 

$
34,699 

 

$
16,002 

 

$
31,244 

 

$
130 

 

 

 

December 31, 2013

 

 

 

 

 

 

 

Year to Date

 

 

 

Recorded
Investment

 

Unpaid Principal
Balance

 

Average
Recorded
Investment

 

Interest
Recognized

 

 

 

(Dollars in Thousands)

 

 

 

 

 

 

 

 

 

 

 

Loans with No Related Allowance

 

 

 

 

 

 

 

 

 

Domestic

 

 

 

 

 

 

 

 

 

Commercial

 

$
17,005 

 

$
17,023 

 

$
16,778 

 

$
2 

 

Commercial real estate: other construction & land development

 
7,158 

 
7,187 

 
18,164 

 
74 

 

Commercial real estate: farmland & commercial

 
8,779 

 
9,949 

 
7,313 

 

—

 

Commercial real estate: multifamily

 
295 

 
295 

 
322 

 

—

 

Residential: first lien

 
6,153 

 
6,258 

 
4,860 

 
179 

 

Residential: junior lien

 
3,206 

 
3,226 

 
2,347 

 
99 

 

Consumer

 
1,606 

 
1,612 

 
1,380 

 
1 

 

Foreign

 
436 

 
436 

 
452 

 
19 

 

Total impaired loans with no related allowance

 

$
44,638 

 

$
45,986 

 

$
51,616 

 

$
374 

 

 

The following tables detail key information regarding the Company’s average recorded investment in impaired loans and interest recognized on impaired loans by loan class at June 30, 2013:

 

 

 

June 30, 2013

 

 

 

Quarter to Date

 

Year to Date

 

 

 

Average
Recorded
Investment

 

Interest
Recognized

 

Average
Recorded
Investment

 

Interest
Recognized

 

 

 

(Dollars in Thousands)

 

Loans with Related Allowance

 

 

 

 

 

 

 

 

 

Domestic

 

 

 

 

 

 

 

 

 

Commercial

 

$
18,174 

 

$
10 

 

$
18,184 

 

$
21 

 

Commercial real estate: other construction & land development

 
3,969 

 

—

 
4,820 

 

—

 

Commercial real estate: farmland & commercial

 
6,879 

 
23 

 
6,666 

 
46 

 

Total impaired loans with related allowance

 

$
29,022 

 

$
33 

 

$
29,670 

 

$
67 

 

 

 

 

June 30, 2013

 

 

 

Quarter to Date

 

Year to Date

 

 

 

Average
Recorded
Investment

 

Interest
Recognized

 

Average
Recorded
Investment

 

Interest
Recognized

 

 

 

(Dollars in Thousands)

 

 

 

 

 

 

 

 

 

 

 

Loans with No Related Allowance

 

 

 

 

 

 

 

 

 

Domestic

 

 

 

 

 

 

 

 

 

Commercial

 

$
17,309 

 

$

—

 

$
16,475 

 

$

—

 

Commercial real estate: other construction & land development

 
20,217 

 
18 

 
20,451 

 
37 

 

Commercial real estate: farmland & commercial

 
6,579 

 

—

 
5,793 

 

—

 

Commercial real estate: multifamily

 
329 

 

—

 
337 

 

—

 

Residential: first lien

 
4,605 

 
39 

 
4,222 

 
72 

 

Residential: junior lien

 
1,713 

 
24 

 
1,722 

 
49 

 

Consumer

 
1,236 

 

—

 
1,241 

 

—

 

Foreign

 
455 

 
5 

 
456 

 
9 

 

Total impaired loans with no related allowance

 

$
52,443 

 

$
86 

 

$
50,697 

 

$
167 

 

 

Information regarding the aging of past due loans, by loan class

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2014

 

 

 

30 – 59
Days

 

60 – 89
Days

 

90 Days or
Greater

 

90 Days
or
Greater
& Still
Accruing

 

Total
Past
Due

 

Current

 

Total
Portfolio

 

 

 

(Dollars in Thousands)

 

Domestic

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

$
14,276 

 

$
852 

 

$
42,266 

 

$
8,038 

 

$
57,394 

 

$
1,094,736 

 

$
1,152,130 

 

Commercial real estate: other construction & land development

 
1,212 

 
870 

 
8,229 

 
6 

 
10,311 

 
1,313,896 

 
1,324,207 

 

Commercial real estate: farmland & commercial

 
10,949 

 
4,628 

 
9,383 

 
1,370 

 
24,960 

 
1,719,356 

 
1,744,316 

 

Commercial real estate: multifamily

 
581 

 

—

 
266 

 

—

 
847 

 
103,134 

 
103,981 

 

Residential: first lien

 
4,425 

 
2,625 

 
2,589 

 
2,026 

 
9,639 

 
403,965 

 
413,604 

 

Residential: junior lien

 
896 

 
232 

 
2,222 

 
696 

 
3,350 

 
443,913 

 
447,263 

 

Consumer

 
941 

 
457 

 
827 

 
789 

 
2,225 

 
60,660 

 
62,885 

 

Foreign

 
3,326 

 
55 

 
158 

 
158 

 
3,539 

 
185,590 

 
189,129 

 

Total past due loans

 

$
36,606 

 

$
9,719 

 

$
65,940 

 

$
13,083 

 

$
112,265 

 

$
5,325,250 

 

$
5,437,515 

 

 

 

December 31, 2013

 

 

 

30 – 59
Days

 

60 – 89
Days

 

90 Days or
Greater

 

90 Days
or
Greater
& Still
Accruing

 

Total
Past
Due

 

Current

 

Total
Portfolio

 

 

 

(Dollars in Thousands)

 

Domestic

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

$
4,240 

 

$
538 

 

$
36,066 

 

$
2,051 

 

$
40,844 

 

$
1,001,798 

 

$
1,042,642 

 

Commercial real estate: other construction & land development

 
1,042 

 

—

 
9,942 

 
62 

 
10,984 

 
1,197,524 

 
1,208,508 

 

Commercial real estate: farmland & commercial

 
6,216 

 
520 

 
6,990 

 
417 

 
13,726 

 
1,736,313 

 
1,750,039 

 

Commercial real estate: multifamily

 
39 

 
142 

 
295 

 

—

 
476 

 
101,622 

 
102,098 

 

Residential: first lien

 
4,758 

 
3,046 

 
4,541 

 
3,518 

 
12,345 

 
426,117 

 
438,462 

 

Residential: junior lien

 
606 

 
198 

 
1,900 

 
368 

 
2,704 

 
406,526 

 
409,230 

 

Consumer

 
1,523 

 
469 

 
803 

 
781 

 
2,795 

 
63,619 

 
66,414 

 

Foreign

 
1,467 

 
417 

 

—

 

—

 
1,884 

 
179,958 

 
181,842 

 

Total past due loans

 

$
19,891 

 

$
5,330 

 

$
60,537 

 

$
7,197 

 

$
85,758 

 

$
5,113,477 

 

$
5,199,235 

 

 

Summary of the loan portfolio by credit quality indicator, by loan class

 

 

 

 

June 30, 2014

 

 

 

Pass

 

Special
Review

 

Watch List
- Pass

 

Watch List -
Substandard

 

Watch List -
Impaired

 

 

 

(Dollars in Thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

Domestic

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

$
1,058,402 

 

$
1,017 

 

$
2,270 

 

$
52,369 

 

$
38,072 

 

Commercial real estate: other construction & land development

 
1,257,444 

 
344 

 
10,835 

 
44,064 

 
11,520 

 

Commercial real estate: farmland & commercial

 
1,627,979 

 
9,264 

 
20,646 

 
71,963 

 
14,464 

 

Commercial real estate: multifamily

 
102,887 

 

—

 

—

 
828 

 
266 

 

Residential: first lien

 
407,780 

 
114 

 

—

 
21 

 
5,689 

 

Residential: junior lien

 
443,702 

 

—

 

—

 
451 

 
3,110 

 

Consumer

 
61,522 

 

—

 

—

 

—

 
1,363 

 

Foreign

 
188,399 

 

—

 

—

 
306 

 
424 

 

Total

 

$
5,148,115 

 

$
10,739 

 

$
33,751 

 

$
170,002 

 

$
74,908 

 

 

 

 

 

 

December 31, 2013

 

 

 

Pass

 

Special
Review

 

Watch List
- Pass

 

Watch List -
Substandard

 

Watch List -
Impaired

 

 

 

(Dollars in Thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

Domestic

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

$
955,522 

 

$
2,270 

 

$
4,389 

 

$
46,278 

 

$
34,183 

 

Commercial real estate: other construction & land development

 
1,167,295 

 
14,247 

 
9,318 

 
3,672 

 
13,976 

 

Commercial real estate: farmland & commercial

 
1,635,179 

 
56,438 

 
21,912 

 
20,472 

 
16,038 

 

Commercial real estate: multifamily

 
100,948 

 

—

 

—

 
855 

 
295 

 

Residential: first lien

 
432,067 

 
122 

 

—

 
120 

 
6,153 

 

Residential: junior lien

 
405,731 

 

—

 

—

 
293 

 
3,206 

 

Consumer

 
64,808 

 

—

 

—

 

—

 
1,606 

 

Foreign

 
180,837 

 

—

 

—

 
569 

 
436 

 

Total

 

$
4,942,387 

 

$
73,077 

 

$
35,619 

 

$
72,259 

 

$
75,893