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Allowance for Credit Losses (Tables)

3 Months Ended

Mar. 31, 2021

Allowance for Credit Losses

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


		Three Months Ended March 31, 2021
		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, 2020		$	21,908		$	37,612		$	30,000		$	5,051		$	3,874		$	9,570		$	291		$	753		$	109,059
Losses charged to allowance			(1,893)			—			(356)			—			(72)			—			(32)			—			(2,353)
Recoveries credited to allowance			458			—			12			—			11			21			8			—			510
Net (losses) recoveries charged to allowance			(1,435)			—			(344)			—			(61)			21			(24)			—			(1,843)

Credit loss expense			1,690			(3,206)			2,547			884			104			(855)			12			16			1,192

Balance at March 31, 2021		$	22,163		$	34,406		$	32,203		$	5,935		$	3,917		$	8,736		$	279		$	769		$	108,408


		Three Months Ended March 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, 2019		$	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 charged to allowance			(2,819)			—			(55)			—			(36)			—			(70)			—			(2,980)
Recoveries credited to allowance			671			—			9			—			1			103			8			—			792
Net (losses) recoveries charged to allowance			(2,148)			—			(46)			—			(35)			103			(62)			—			(2,188)

Credit loss expense			5,823			5,878			2,809			327			635			1,243			68			53			16,836

Balance at March 31, 2020		$	19,067		$	37,421		$	15,004		$	1,758		$	2,782		$	8,452		$	323		$	466		$	85,273


		March 31, 2021
		Loans Individually						Loans Collectively
		Evaluated For						Evaluated For
		Impairment						Impairment
		Recorded						Recorded
		Investment			Allowance			Investment			Allowance

		(Dollars in Thousands)
Domestic
Commercial		$	1,055		$	209		$	1,739,552		$	21,954
Commercial real estate: other construction & land development			892			70			1,652,526			34,336
Commercial real estate: farmland & commercial			422			—			2,420,870			32,203
Commercial real estate: multifamily			127			—			518,857			5,935
Residential: first lien			147			—			401,549			3,917
Residential: junior lien			38			—			549,048			8,736
Consumer			—			—			39,743			279
Foreign			—			—			137,532			769

Total		$	2,681		$	279		$	7,459,677		$	108,129


		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

Loans accounted on non-accrual basis, by loan class


		March 31, 2021			December 31, 2020

		(Dollars in Thousands)
Domestic
Commercial		$	1,055		$	1,189
Commercial real estate: other construction & land development			892			17,496
Commercial real estate: farmland & commercial			422			439
Commercial real estate: multifamily			127			134
Residential: first lien			361			526
Residential: junior lien			38			38
Total non-accrual loans		$	2,895		$	19,822

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


		March 31, 2021			December 31, 2020

			(Dollars in Thousands)
Domestic
Residential: first lien		$	6,869		$	4,078
Residential: junior lien			469			521
Consumer			938			989
Foreign			637			233
Total troubled debt restructuring		$	8,913		$	5,821

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


		March 31, 2021
											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		$	4,060		$	344		$	963		$	492		$	5,367		$	1,735,239		$	1,740,606
Commercial real estate: other construction & land development			1,651			—			1			1			1,652			1,651,766			1,653,418
Commercial real estate: farmland & commercial			3,004			3,854			72			72			6,930			2,414,362			2,421,292
Commercial real estate: multifamily			—			—			—			—			—			518,985			518,985
Residential: first lien			3,530			638			7,257			7,061			11,425			390,272			401,697
Residential: junior lien			925			1,349			952			915			3,226			545,859			549,085
Consumer			289			14			31			31			334			39,409			39,743
Foreign			2,967			938			533			533			4,438			133,094			137,532
Total past due loans		$	16,426		$	7,137		$	9,809		$	9,105		$	33,372		$	7,428,986		$	7,462,358


		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

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



			2021		2020			2019			2018			2017			Prior			Total

		(Dollars in Thousands)
Balance at March 31, 2021
Domestic
Commercial
Pass		$	307,767		$	862,330		$	215,227		$	140,577		$	77,456		$	18,898		$	1,622,255
Special Review			1,179			74,698			—			—			—			—			75,877
Watch List - Pass			—			37,037			—			—			3			14			37,054
Watch List - Substandard			3,027			310			920			108			—			—			4,365
Watch List - Doubtful			—			477			5			164			103			306			1,055
Total Commercial		$	311,973		$	974,852		$	216,152		$	140,849		$	77,562		$	19,218		$	1,740,606
Commercial real estate: other construction & land development
Pass		$	140,264		$	673,184		$	548,745		$	157,473		$	67,581		$	11,950		$	1,599,197
Special Review			30,179			—			—			—			—			—			30,179
Watch List - Pass			—			23,101			—			49			—			—			23,150
Watch List - Doubtful			—			892			—			—			—			—			892
Total Commercial real estate: other construction & land development		$	170,443		$	697,177		$	548,745		$	157,522		$	67,581		$	11,950		$	1,653,418
Commercial real estate: farmland & commercial
Pass		$	221,824		$	776,277		$	355,776		$	457,828		$	176,206		$	296,816		$	2,284,727
Special Review			2,070			1,357			931			4,598			161			3,203			12,320
Watch List - Pass			17,229			44,351			—			277			96			—			61,953
Watch List - Substandard			—			54,409			4,745			—			2,245			471			61,870
Watch List - Doubtful			—			228			194			—			—			—			422
Total Commercial real estate: farmland & commercial		$	241,123		$	876,622		$	361,646		$	462,703		$	178,708		$	300,490		$	2,421,292
Commercial real estate: multifamily
Pass		$	17,769		$	96,046		$	216,507		$	115,126		$	63,659		$	9,751		$	518,858
Watch List - Doubtful			—			127			—			—			—			—			127
Total Commercial real estate: multifamily		$	17,769		$	96,173		$	216,507		$	115,126		$	63,659		$	9,751		$	518,985
Residential: first lien
Pass		$	41,581		$	73,963		$	76,843		$	61,176		$	37,745		$	110,193		$	401,501
Watch List - Substandard			—			—			—			—			—			49			49
Watch List - Doubtful			—			82			—			—			—			65			147
Total Residential: first lien		$	41,581		$	74,045		$	76,843		$	61,176		$	37,745		$	110,307		$	401,697
Residential: junior lien
Pass		$	28,850		$	181,957		$	96,296		$	51,223		$	63,242		$	125,927		$	547,495
Special Review			—			740			—			—			812			—			1,552
Watch List- Doubtful			—			—			—			38			—			—			38
Total Residential: junior lien		$	28,850		$	182,697		$	96,296		$	51,261		$	64,054		$	125,927		$	549,085
Residential: junior lien
Consumer
Pass		$	8,044		$	24,735		$	4,683		$	598		$	156		$	1,527		$	39,743
Total Consumer		$	8,044		$	24,735		$	4,683		$	598		$	156		$	1,527		$	39,743
Foreign
Pass		$	17,169		$	84,251		$	12,559		$	10,684		$	5,810		$	7,059		$	137,532
Total Foreign		$	17,169		$	84,251		$	12,559		$	10,684		$	5,810		$	7,059		$	137,532
Total Loans		$	836,952		$	3,010,552		$	1,533,431		$	999,919		$	495,275		$	586,229		$	7,462,358



			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
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