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Allowance for Probable Loan Losses (Tables)

6 Months Ended

Jun. 30, 2019

Allowance for Probable Loan Losses

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


		Three Months Ended June 30, 2019
		Domestic																					Foreign
					Commercial
					Real Estate:
					Other			Commercial
					Construction &			Real Estate:			Commercial
					Land			Farmland &			Real Estate:			Residential:			Residential:
		Commercial			Development			Commercial			Multifamily			First Lien			Junior Lien			Consumer			Foreign			Total
		(Dollars in Thousands)

Balance at March 31,		$	11,412		$	14,789		$	25,880		$	2,345		$	3,546		$	7,745		$	462		$	851		$	67,030
Losses charged to allowance			(5,016)			—			(6,878)			—			(1)			(94)			(55)			—			(12,044)
Recoveries credited to allowance			408			56			15			—			10			55			8			—			552
Net (losses) recoveries charged to allowance			(4,608)			56			(6,863)			—			9			(39)			(47)			—			(11,492)

Provision charged to operations			4,976			428			(1,988)			(496)			72			(394)			73			(6)			2,665

Balance at June 30,		$	11,780		$	15,273		$	17,029		$	1,849		$	3,627		$	7,312		$	488		$	845		$	58,203


		Three Months Ended June 30, 2018
		Domestic																					Foreign
					Commercial
					Real Estate:
					Other			Commercial
					Construction &			Real Estate:			Commercial
					Land			Farmland &			Real Estate:			Residential:			Residential:
		Commercial			Development			Commercial			Multifamily			First Lien			Junior Lien			Consumer			Foreign			Total
		(Dollars in Thousands)

Balance at March 31,		$	20,691		$	11,798		$	24,803		$	947		$	3,006		$	4,689		$	437		$	783		$	67,154
Losses charged to allowance			(2,284)			—			(70)			—			(30)			(9)			(65)			—			(2,458)
Recoveries credited to allowance			447			2			192			—			1			229			15			1			887
Net (losses) recoveries charged to allowance			(1,837)			2			122			—			(29)			220			(50)			1			(1,571)

Provision charged to operations			(2,258)			2,903			(6,629)			627			614			1,884			63			66			(2,730)

Balance at June 30,		$	16,596		$	14,703		$	18,296		$	1,574		$	3,591		$	6,793		$	450		$	850		$	62,853


		Six Months Ended June 30, 2019
		Domestic																					Foreign
					Commercial
					Real Estate:
					Other			Commercial
					Construction &			Real Estate:			Commercial
					Land			Farmland &			Real Estate:			Residential:			Residential:
		Commercial			Development			Commercial			Multifamily			First Lien			Junior Lien			Consumer			Foreign			Total
		(Dollars in Thousands)

Balance at December 31,		$	12,596		$	15,123		$	19,353		$	1,808		$	3,467		$	7,719		$	447		$	871		$	61,384
Losses charged to allowance			(7,780)			—			(6,879)			—			(2)			(100)			(118)			—			(14,879)
Recoveries credited to allowance			1,046			76			298			—			11			157			25			—			1,613
Net (losses) recoveries charged to allowance			(6,734)			76			(6,581)			—			9			57			(93)			—			(13,266)

Provision charged to operations			5,918			74			4,257			41			151			(464)			134			(26)			10,085

Balance at June 30,		$	11,780		$	15,273		$	17,029		$	1,849		$	3,627		$	7,312		$	488		$	845		$	58,203


		Six Months Ended June 30, 2018
		Domestic																					Foreign
					Commercial
					Real Estate:
					Other			Commercial
					Construction &			Real Estate:			Commercial
					Land			Farmland &			Real Estate:			Residential:			Residential:
		Commercial			Development			Commercial			Multifamily			First Lien			Junior Lien			Consumer			Foreign			Total
		(Dollars in Thousands)

Balance at December 31,		$	27,905		$	11,675		$	16,663		$	1,109		$	2,950		$	6,103		$	440		$	842		$	67,687
Losses charged to allowance			(4,999)			(1)			(70)			—			(44)			(39)			(182)			—			(5,335)
Recoveries credited to allowance			1,030			4			210			—			2			295			27			1			1,569
Net (losses) recoveries charged to allowance			(3,969)			3			140			—			(42)			256			(155)			1			(3,766)

Provision charged to operations			(7,340)			3,025			1,493			465			683			434			165			7			(1,068)

Balance at June 30,		$	16,596		$	14,703		$	18,296		$	1,574		$	3,591		$	6,793		$	450		$	850		$	62,853


		June 30, 2019
		Loans Individually						Loans Collectively
		Evaluated For						Evaluated For
		Impairment						Impairment
		Recorded						Recorded
		Investment			Allowance			Investment			Allowance
		(Dollars in Thousands)
Domestic
Commercial		$	8,473		$	648		$	1,194,270		$	11,132
Commercial real estate: other construction & land development			1,924			116			2,008,274			15,157
Commercial real estate: farmland & commercial			4,160			935			2,023,836			16,094
Commercial real estate: multifamily			505			—			220,926			1,849
Residential: first lien			6,297			—			453,881			3,627
Residential: junior lien			1,023			—			724,241			7,312
Consumer			1,046			—			45,667			488
Foreign			279			—			147,899			845

Total		$	23,707		$	1,699		$	6,818,994		$	56,504


		December 31, 2018
		Loans Individually						Loans Collectively
		Evaluated For						Evaluated For
		Impairment						Impairment
		Recorded						Recorded
		Investment			Allowance			Investment			Allowance
		(Dollars in Thousands)
Domestic
Commercial		$	9,179		$	656		$	1,119,790		$	11,940
Commercial real estate: other construction & land development			2,092			116			1,884,139			15,007
Commercial real estate: farmland & commercial			3,509			—			1,946,389			19,353
Commercial real estate: multifamily			507			—			225,750			1,808
Residential: first lien			6,244			—			439,556			3,467
Residential: junior lien			901			—			726,400			7,719
Consumer			1,175			—			45,141			447
Foreign			293			—			150,224			871

Total		$	23,900		$	772		$	6,537,389		$	60,612

Loans accounted on non-accrual basis, by loan class


		June 30, 2019			December 31, 2018
		(Dollars in Thousands)
Domestic
Commercial		$	8,440		$	9,143
Commercial real estate: other construction & land development			1,924			2,092
Commercial real estate: farmland & commercial			4,160			3,509
Commercial real estate: multifamily			505			507
Residential: first lien			391			347
Residential: junior lien			289			171
Consumer			9			22
Total non-accrual loans		$	15,718		$	15,791

Impaired loans, by loan class


		June 30, 2019
											Quarter to Date						Year to Date
					Unpaid						Average						Average
		Recorded			Principal			Related			Recorded			Interest			Recorded			Interest
		Investment			Balance			Allowance			Investment			Recognized			Investment			Recognized
		(Dollars in Thousands)
Loans with Related Allowance
Domestic
Commercial		$	1,309		$	1,904		$	648		$	1,316		$	—		$	1,322		$	—
Commercial real estate: other construction & land development			131			169			116			132			—			133			—
Commercial real estate: farmland & commercial			2,369			2,399			935			2,369			—			2,369			—
Total impaired loans with related allowance		$	3,809		$	4,472		$	1,699		$	3,817		$	—		$	3,824		$	—


		June 30, 2019
								Quarter to Date						Year to Date
					Unpaid			Average						Average
		Recorded			Principal			Recorded			Interest			Recorded			Interest
		Investment			Balance			Investment			Recognized			Investment			Recognized
		(Dollars in Thousands)
Loans with No Related Allowance
Domestic
Commercial		$	7,163		$	7,294		$	16,788		$	1		$	17,078		$	1
Commercial real estate: other construction & land development			1,793			2,078			1,792			—			1,813			—
Commercial real estate: farmland & commercial			1,792			2,382			14,203			—			20,551			—
Commercial real estate: multifamily			505			536			507			—			507			—
Residential: first lien			6,297			6,459			6,480			78			6,579			153
Residential: junior lien			1,023			1,032			1,028			11			1,033			22
Consumer			1,046			1,046			1,046			—			1,063			—
Foreign			279			279			281			3			285			6
Total impaired loans with no related allowance		$	19,898		$	21,106		$	42,125		$	93		$	48,909		$	182


		December 31, 2018
					Unpaid						Average
		Recorded			Principal			Related			Recorded			Interest
		Investment			Balance			Allowance			Investment			Recognized
		(Dollars in Thousands)
Loans with Related Allowance
Domestic
Commercial		$	1,563		$	2,161		$	656		$	1,741		$	—
Commercial real estate: other construction & land development			135			169			116			141			—
Total impaired loans with related allowance		$	1,698		$	2,330		$	772		$	1,882		$	—


		December 31, 2018
					Unpaid			Average
		Recorded			Principal			Recorded			Interest
		Investment			Balance			Investment			Recognized
		(Dollars in Thousands)
Loans with No Related Allowance
Domestic
Commercial		$	7,616		$	7,730		$	16,194		$	3
Commercial real estate: other construction & land development			1,957			2,205			2,151			—
Commercial real estate: farmland & commercial			3,509			4,031			36,632			—
Commercial real estate: multifamily			507			538			565			—
Residential: first lien			6,244			6,386			7,136			305
Residential: junior lien			901			911			976			44
Consumer			1,175			1,190			1,211			2
Foreign			293			293			327			14
Total impaired loans with no related allowance		$	22,202		$	23,284		$	65,192		$	368

The following table details key information regarding our impaired loans by loan class at June 30, 2018:


		June 30, 2018
		Quarter to Date							Year to Date
		Average						Average
		Recorded			Interest			Recorded			Interest
		Investment			Recognized			Investment			Recognized
		(Dollars in Thousands)
Loans with Related Allowance
Domestic
Commercial		$	1,604		$	—		$	1,661		$	—
Commercial real estate: other construction & land development			143			—			144			—
Total impaired loans with related allowance		$	1,747		$	—		$	1,805		$	—


		June 30, 2018
		Quarter to Date						Year to Date
		Average						Average
		Recorded			Interest			Recorded			Interest
		Investment			Recognized			Investment			Recognized
		(Dollars in Thousands)
Loans with No Related Allowance
Domestic
Commercial		$	16,594		$	1		$	16,738		$	1
Commercial real estate: other construction & land development			2,148			—			2,216			—
Commercial real estate: farmland & commercial			36,790			—			36,686			—
Commercial real estate: multifamily			664			—			568			—
Residential: first lien			6,426			76			6,864			152
Residential: junior lien			803			12			811			22
Consumer			1,145			1			1,179			2
Foreign			333			4			337			7
Total impaired loans with no related allowance		$	64,903		$	94		$	65,399		$	184

Loans accounted for as trouble debt restructuring, by loan class


		June 30, 2019			December 31, 2018
			(Dollars in Thousands)
Domestic
Commercial		$	34		$	35
Residential: first lien			5,905			5,947
Residential: junior lien			734			730
Consumer			1,037			1,153
Foreign			279			293

Total troubled debt restructuring		$	7,989		$	8,158

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


		June 30, 2019
											90 Days or			Total
		30 - 59			60 - 89			90 Days or			greater &			Past						Total
		Days			Days			Greater			still accruing			Due			Current			Portfolio
		(Dollars in Thousands)
Domestic
Commercial		$	3,160		$	696		$	8,840		$	1,312		$	12,696		$	1,190,047		$	1,202,743
Commercial real estate: other construction & land development			308			—			1,030			206			1,338			2,008,860			2,010,198
Commercial real estate: farmland & commercial			1,534			4,844			767			325			7,145			2,020,851			2,027,996
Commercial real estate: multifamily			—			155			505			—			660			220,771			221,431
Residential: first lien			2,632			1,419			4,312			3,948			8,363			451,815			460,178
Residential: junior lien			633			374			1,360			1,070			2,367			722,897			725,264
Consumer			742			111			28			24			881			45,832			46,713
Foreign			1,867			638			167			167			2,672			145,506			148,178
Total past due loans		$	10,876		$	8,237		$	17,009		$	7,052		$	36,122		$	6,806,579		$	6,842,701


		December 31, 2018
											90 Days or			Total
		30 - 59			60 - 89			90 Days or			greater &			Past						Total
		Days			Days			Greater			still accruing			Due			Current			Portfolio
			(Dollars in Thousands)
Domestic
Commercial		$	4,651		$	1,089		$	19,851		$	10,890		$	25,591		$	1,103,378		$	1,128,969
Commercial real estate: other construction & land development			727			1,707			922			16			3,356			1,882,875			1,886,231
Commercial real estate: farmland & commercial			2,928			784			27,239			24,910			30,951			1,918,947			1,949,898
Commercial real estate: multifamily			927			—			578			71			1,505			224,752			226,257
Residential: first lien			3,998			1,677			3,362			3,079			9,037			436,763			445,800
Residential: junior lien			1,155			618			1,108			937			2,881			724,420			727,301
Consumer			486			19			45			32			550			45,766			46,316
Foreign			1,106			117			739			739			1,962			148,555			150,517
Total past due loans		$	15,978		$	6,011		$	53,844		$	40,674		$	75,833		$	6,485,456		$	6,561,289

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


					June 30, 2019
					Special			Watch			Watch List—			Watch List—
		Pass			Review			List—Pass			Substandard			Impaired
					(Dollars in Thousands)
Domestic
Commercial		$	1,141,456		$	19		$	1,694		$	51,101		$	8,473
Commercial real estate: other construction & land development			1,942,982			—			9,310			55,982			1,924
Commercial real estate: farmland & commercial			1,834,448			56,158			34,394			98,836			4,160
Commercial real estate: multifamily			220,023			—			—			903			505
Residential: first lien			452,493			—			143			1,245			6,297
Residential: junior lien			723,385			—			856			—			1,023
Consumer			45,667			—			—			—			1,046
Foreign			147,899			—			—			—			279
Total		$	6,508,353		$	56,177		$	46,397		$	208,067		$	23,707


					December 31, 2018
					Special			Watch			Watch List—			Watch List—
		Pass			Review			List—Pass			Substandard			Impaired
					(Dollars in Thousands)
Domestic
Commercial		$	998,625		$	441		$	44,544		$	76,180		$	9,179
Commercial real estate: other construction & land development			1,817,098			1,648			9,055			56,338			2,092
Commercial real estate: farmland & commercial			1,726,711			62,046			38,373			119,259			3,509
Commercial real estate: multifamily			224,823			—			—			927			507
Residential: first lien			438,773			—			142			641			6,244
Residential: junior lien			725,538			—			862			—			901
Consumer			45,141			—			—			—			1,175
Foreign			150,224			—			—			—			293
Total		$	6,126,933		$	64,135		$	92,976		$	253,345		$	23,900