XML 53 R37.htm IDEA: XBRL DOCUMENT v3.20.4
Allowance for Credit Losses (Tables)
12 Months Ended
Dec. 31, 2020
Loans individually or collectively evaluated for their impairment and related allowance, by loan class

December 31, 2020

 

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,

    

$

11,145

$

18,152

$

16,533

$

1,786

$

3,762

$

7,535

$

542

$

823

$

60,278

Adoption of ASU 2016-13

4,247

13,391

(4,292)

(355)

(1,580)

(429)

(225)

(410)

10,347

Losses charge to allowance

 

(8,936)

 

(19)

(55)

 

 

(160)

 

(124)

 

(280)

 

 

(9,574)

Recoveries credited to allowance

 

2,191

 

35

 

117

 

 

21

 

186

 

69

 

10

 

2,629

Net losses charged to allowance

 

(6,745)

 

16

 

62

 

 

(139)

 

62

 

(211)

 

10

 

(6,945)

Provision (credit) charged to operations

 

13,261

6,053

 

17,697

 

3,620

 

1,831

 

2,402

 

185

 

330

 

45,379

Balance at December 31,

$

21,908

$

37,612

$

30,000

$

5,051

$

3,874

$

9,570

$

291

$

753

$

109,059

December 31, 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 charge to allowance

 

(14,412)

 

(39)

 

(7,353)

 

 

(201)

 

(435)

 

(487)

 

(1)

 

(22,928)

Recoveries credited to allowance

 

2,196

 

113

 

318

 

 

26

 

286

 

40

 

 

2,979

Net losses charged to allowance

 

(12,216)

 

74

 

(7,035)

 

 

(175)

 

(149)

 

(447)

 

(1)

 

(19,949)

Provision (credit) charged to operations

 

10,765

 

2,955

 

4,215

 

(22)

 

470

 

(35)

 

542

 

(47)

 

18,843

Balance at December 31,

$

11,145

$

18,152

$

16,533

$

1,786

$

3,762

$

7,535

$

542

$

823

$

60,278

December 31, 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 charge to allowance

 

(14,220)

 

(1)

 

(70)

 

 

(122)

 

(347)

 

(362)

 

(3)

 

(15,125)

Recoveries credited to allowance

 

1,981

 

25

 

246

 

 

36

 

369

 

43

 

10

 

2,710

Net losses charged to allowance

 

(12,239)

 

24

 

176

 

 

(86)

 

22

 

(319)

 

7

 

(12,415)

Provision (credit) charged to operations

 

(3,070)

 

3,424

 

2,514

 

699

 

603

 

1,594

 

326

 

22

 

6,112

Balance at December 31,

$

12,596

$

15,123

$

19,353

$

1,808

$

3,467

$

7,719

$

447

$

871

$

61,384

December 31, 2020

Loans Individually

Loans Collectively

Evaluated For

Evaluated For

Impairment

Impairment

Recorded

Recorded

Investment

Allowance

Investment

Allowance

(Dollars in Thousands)

Domestic

Commercial

    

$

1,189

    

$

209

    

$

1,784,747

    

$

21,699

Commercial real estate: other construction & land development

 

17,496

 

70

 

1,829,261

 

37,542

Commercial real estate: farmland & commercial

 

439

 

 

2,288,869

 

30,000

Commercial real estate: multifamily

 

134

 

 

440,910

 

5,051

Residential: first lien

 

151

 

 

404,968

 

3,874

Residential: junior lien

 

38

 

 

593,987

 

9,570

Consumer

 

 

 

40,595

 

291

Foreign

 

 

 

138,970

 

753

Total

$

19,447

$

279

$

7,522,307

$

108,780

December 31, 2019

Loans Individually

Loans Collectively

Evaluated For

Evaluated For

Impairment

Impairment

Recorded

Recorded

Investment

Allowance

Investment

Allowance

(Dollars in Thousands)

Domestic

Commercial

    

$

1,935

    

$

249

    

$

1,290,725

    

$

10,895

Commercial real estate: other construction & land development

 

938

 

116

 

2,184,945

 

18,037

Commercial real estate: farmland & commercial

 

1,208

 

 

1,895,539

 

16,533

Commercial real estate: multifamily

 

165

 

 

190,265

 

1,786

Residential: first lien

 

6,278

 

 

427,623

 

3,762

Residential: junior lien

 

692

 

 

705,784

 

7,535

Consumer

 

1,195

 

 

46,605

 

542

Foreign

 

264

 

 

140,785

 

823

Total

$

12,675

$

365

$

6,882,271

$

59,913

Loans accounted on non-accrual basis, by loan class

December 31, 2020

December 31, 2019

(Dollars in Thousands)

Domestic

Commercial

    

$

1,189

    

$

1,901

Commercial real estate: other construction & land development

 

17,496

 

938

Commercial real estate: farmland & commercial

 

439

 

1,208

Commercial real estate: multifamily

 

134

 

165

Residential: first lien

 

526

 

670

Residential: junior lien

 

38

 

Consumer

 

 

4

Total non-accrual loans

$

19,822

$

4,886

Impaired loans, by loan class

December 31, 2019

Unpaid

Average

Recorded

Principal

Related

Recorded

Interest

Investment

Balance

Allowance

Investment

Recognized

(Dollars in Thousands)

Loans with Related Allowance

    

    

    

    

    

    

    

    

Domestic

Commercial

$

510

$

516

$

249

$

514

$

Commercial real estate: other construction & land development

126

169

116

 

131

 

Total impaired loans with related allowance

$

636

$

685

$

365

$

645

$

December 31, 2019

Unpaid

Average

 

Recorded

Principal

Recorded

Interest

 

Investment

Balance

Investment

Recognized

 

(Dollars in Thousands)

Loans with No Related Allowance

Domestic

Commercial

    

$

1,425

$

1,516

$

18,794

$

2

Commercial real estate: other construction & land development

 

812

 

1,133

 

1,737

 

Commercial real estate: farmland & commercial

 

1,208

 

1,841

 

22,357

 

Commercial real estate: multifamily

 

165

 

168

 

651

 

Residential: first lien

 

6,278

 

6,445

 

6,988

 

309

Residential: junior lien

 

692

 

692

 

1,023

 

42

Consumer

 

1,195

 

1,196

 

1,117

 

Foreign

 

264

 

264

 

278

 

12

Total impaired loans with no related allowance

$

12,039

$

13,255

$

52,945

$

365

Loans accounted for as trouble debt restructuring, by Watch List Doubtful loans

    

December 31, 2020

    

December 31, 2019

(Dollars in Thousands)

Domestic

Commercial

 

$

 

$

32

Residential: first lien

4,078

5,608

Residential: junior lien

521

692

Consumer

989

1,192

Foreign

233

264

Total troubled debt restructuring

$

5,821

$

7,788

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

December 31, 2020

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

    

$

1,931

    

$

1,109

    

$

563

    

$

318

    

$

3,603

    

$

1,782,333

    

$

1,785,936

Commercial real estate: other construction & land development

 

1,059

 

854

 

16,587

 

 

18,500

 

1,828,257

 

1,846,757

Commercial real estate: farmland & commercial

 

2,435

 

219

 

186

 

186

 

2,840

 

2,286,468

 

2,289,308

Commercial real estate: multifamily

 

126

 

 

 

 

126

 

440,918

 

441,044

Residential: first lien

 

2,399

 

926

 

6,165

 

5,890

 

9,490

 

395,629

 

405,119

Residential: junior lien

 

561

 

247

 

1,197

 

1,197

 

2,005

 

592,020

 

594,025

Consumer

 

318

 

71

 

79

 

79

 

468

 

40,127

 

40,595

Foreign

 

478

 

180

 

568

 

568

 

1,226

 

137,744

 

138,970

Total past due loans

$

9,307

$

3,606

$

25,345

$

8,238

$

38,258

$

7,503,496

$

7,541,754

December 31, 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

$

3,134

    

$

626

    

$

1,292

    

$

421

    

$

5,052

    

$

1,287,608

    

$

1,292,660

Commercial real estate: other construction & land development

 

509

 

55

 

 

 

564

 

2,185,319

 

2,185,883

Commercial real estate: farmland & commercial

 

8,058

 

2,031

 

54,928

 

54,878

 

65,017

 

1,831,730

 

1,896,747

Commercial real estate: multifamily

 

313

 

 

165

 

 

478

 

189,952

 

190,430

Residential: first lien

 

3,229

 

1,670

 

3,660

 

3,107

 

8,559

 

425,342

 

433,901

Residential: junior lien

 

1,112

 

477

 

1,200

 

1,200

 

2,789

 

703,687

 

706,476

Consumer

 

467

 

75

 

88

 

88

 

630

 

47,170

 

47,800

Foreign

 

1,347

 

3

 

11

 

11

 

1,361

 

139,688

 

141,049

Total past due loans

$

18,169

$

4,937

$

61,344

$

59,705

$

84,450

$

6,810,496

$

6,894,946

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

    

2020

    

2019

    

2018

    

2017

    

2016

    

Prior

    

Total

(Dollars in Thousands)

Balance at December 31, 2020

Domestic

Commercial

    

Pass

$

1,168,671

$

240,869

$

145,670

$

85,434

$

13,901

$

10,000

$

1,664,545

Special Review

75,638

75,638

Watch List - Pass

39,886

11

3

17

39,917

Watch List - Substandard

3,360

683

289

315

4,647

Watch List - Doubtful

777

161

92

159

1,189

Total Commercial

$

1,288,332

$

241,724

$

146,051

$

85,596

$

14,216

$

10,017

$

1,785,936

Commercial real estate: other construction & land development

Pass

$

773,165

$

576,707

$

320,308

$

78,174

$

10,534

$

3,343

$

1,762,231

Special Review

20,828

21,650

42,478

Watch List - Pass

23,101

1,451

24,552

Watch List - Doubtful

16,702

794

17,496

Total Commercial real estate: other construction & land development

$

833,796

$

600,602

$

320,308

$

78,174

$

10,534

$

3,343

$

1,846,757

Commercial real estate: farmland & commercial

 

Pass

$

884,070

$

373,993

$

386,268

$

189,639

$

202,500

$

116,729

$

2,153,199

Special Review

3,041

4,758

177

3,218

11,194

Watch List - Pass

61,637

942

277

80

62,936

Watch List - Substandard

53,809

4,986

2,269

475

1

61,540

Watch List - Doubtful

202

237

439

Total Commercial real estate: farmland & commercial

$

1,002,557

$

380,123

$

391,303

$

192,165

$

206,193

$

116,967

$

2,289,308

Commercial real estate: multifamily

 

Pass

$

74,577

$

208,356

$

82,818

$

64,110

$

6,801

$

4,248

$

440,910

Watch List - Doubtful

134

134

Total Commercial real estate: multifamily

$

74,711

$

208,356

$

82,818

$

64,110

$

6,801

$

4,248

$

441,044

Residential: first lien

Pass

$

81,004

$

62,165

$

72,299

$

54,593

$

29,250

$

105,463

$

404,774

Watch List - Pass

14

131

145

Watch List - Substandard

49

49

Watch List - Doubtful

86

65

151

Total Residential: first lien

$

81,090

$

62,179

$

72,430

$

54,593

$

29,299

$

105,528

$

405,119

Residential: junior lien

Pass

$

196,308

$

108,276

$

61,636

$

75,056

$

56,705

$

94,454

$

592,435

Special Review

740

812

1,552

Watch List- Doubtful

38

38

Total Residential: junior lien

$

197,048

$

108,276

$

61,674

$

75,868

$

56,705

$

94,454

$

594,025

Consumer

Pass

$

30,910

$

7,159

$

875

$

225

$

55

$

1,371

$

40,595

Total Consumer

$

30,910

$

7,159

$

875

$

225

$

55

$

1,371

$

40,595

Foreign

 

Pass

$

93,236

$

19,092

$

11,572

$

6,192

$

3,533

$

5,345

$

138,970

Total Foreign

$

93,236

$

19,092

$

11,572

$

6,192

$

3,533

$

5,345

$

138,970

Total Loans

$

3,601,680

$

1,627,511

$

1,087,031

$

556,923

$

327,336

$

341,273

$

7,541,754

December 31, 2019

Special

Watch

Watch List—

Watch List—

Pass

Review

List—Pass

Substandard

Impaired

(Dollars in Thousands)

Domestic

Commercial

    

$

1,228,110

    

$

569

    

$

39

    

$

62,007

    

$

1,935

Commercial real estate: other construction & land development

 

2,090,370

 

18,721

 

41,949

 

33,905

 

938

Commercial real estate: farmland & commercial

 

1,710,446

 

13,184

 

20,183

 

151,726

 

1,208

Commercial real estate: multifamily

 

190,265

 

 

 

 

165

Residential: first lien

 

426,546

 

253

 

144

 

680

 

6,278

Residential: junior lien

 

704,958

 

826

 

 

 

692

Consumer

 

46,605

 

 

 

 

1,195

Foreign

 

140,785

 

 

 

 

264

Total

$

6,538,085

$

33,553

$

62,315

$

248,318

$

12,675