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Allowance for Credit Losses (Tables)

6 Months Ended

Jun. 30, 2021

Allowance for Credit Losses

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


		Three Months Ended June 30, 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 March 31, 2021		$	22,163		$	34,406		$	32,203		$	5,935		$	3,917		$	8,736		$	279		$	769		$	108,408
Losses charged to allowance			(1,655)			—			—			—			(117)			(21)			(55)			—			(1,848)
Recoveries credited to allowance			498			—			7			—			24			37			11			—			577
Net (losses) recoveries charged to allowance			(1,157)			—			7			—			(93)			16			(44)			—			(1,271)

Credit loss expense			2,057			(803)			2,028			(1,729)			92			(556)			33			22			1,144

Balance at June 30, 2021		$	23,063		$	33,603		$	34,238		$	4,206		$	3,916		$	8,196		$	268		$	791		$	108,281


		Three Months Ended June 30, 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 March 31, 2020		$	19,067		$	37,421		$	15,004		$	1,758		$	2,782		$	8,452		$	323		$	466		$	85,273

Losses charged to allowance			(2,142)			(19)			—			—			—			(121)			(60)			—			(2,342)
Recoveries credited to allowance			599			1			12			—			1			17			4			—			634
Net (losses) recoveries charged to allowance			(1,543)			(18)			12			—			1			(104)			(56)			—			(1,708)

Credit loss expense			2,555			3,521			3,695			106			425			616			21			50			10,989

Balance at June 30, 2020		$	20,079		$	40,924		$	18,711		$	1,864		$	3,208		$	8,964		$	288		$	516		$	94,554


		Six Months Ended June 30, 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			(3,548)			—			(356)			—			(189)			(21)			(87)			—			(4,201)
Recoveries credited to allowance			956			—			19			—			35			58			19			—			1,087
Net (losses) recoveries charged to allowance			(2,592)			—			(337)			—			(154)			37			(68)			—			(3,114)

Credit loss expense			3,747			(4,009)			4,575			(845)			196			(1,411)			45			38			2,336

Balance at June 30, 2021		$	23,063		$	33,603		$	34,238		$	4,206		$	3,916		$	8,196		$	268		$	791		$	108,281


		Six Months Ended June 30, 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			(4,961)			(19)			(55)			—			(36)			(121)			(130)			—			(5,322)
Recoveries credited to allowance			1,270			1			21			—			2			120			12			—			1,426
Net (losses) recoveries charged to allowance			(3,691)			(18)			(34)			—			(34)			(1)			(118)			—			(3,896)

Credit loss expense			8,378			9,399			6,504			433			1,060			1,859			89			103			27,825

Balance at June 30, 2020		$	20,079		$	40,924		$	18,711		$	1,864		$	3,208		$	8,964		$	288		$	516		$	94,554


		June 30, 2021
		Loans Individually						Loans Collectively
		Evaluated For						Evaluated For
		Impairment						Impairment
		Recorded						Recorded
		Investment			Allowance			Investment			Allowance

		(Dollars in Thousands)
Domestic
Commercial		$	567		$	238		$	1,706,857		$	22,825
Commercial real estate: other construction & land development			769			70			1,617,724			33,533
Commercial real estate: farmland & commercial			404			—			2,597,973			34,238
Commercial real estate: multifamily			121			—			365,246			4,206
Residential: first lien			79			—			399,092			3,916
Residential: junior lien			35			—			516,947			8,196
Consumer			—			—			40,505			268
Foreign			—			—			141,218			791

Total		$	1,975		$	308		$	7,385,562		$	107,973


		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


		June 30, 2021			December 31, 2020

		(Dollars in Thousands)
Domestic
Commercial		$	567		$	1,189
Commercial real estate: other construction & land development			769			17,496
Commercial real estate: farmland & commercial			404			439
Commercial real estate: multifamily			121			134
Residential: first lien			336			526
Residential: junior lien			35			38
Total non-accrual loans		$	2,232		$	19,822

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


		June 30, 2021			December 31, 2020

			(Dollars in Thousands)
Domestic
Residential: first lien		$	2,234		$	4,078
Residential: junior lien			265			521
Consumer			805			989
Foreign			18			233
Total troubled debt restructuring		$	3,322		$	5,821

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


		June 30, 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		$	2,171		$	286		$	1,646		$	1,646		$	4,103		$	1,703,321		$	1,707,424
Commercial real estate: other construction & land development			10,669			51			4,217			3,557			14,937			1,603,556			1,618,493
Commercial real estate: farmland & commercial			3,763			185			4			4			3,952			2,594,425			2,598,377
Commercial real estate: multifamily			—			—			—			—			—			365,367			365,367
Residential: first lien			1,967			749			6,582			6,451			9,298			389,873			399,171
Residential: junior lien			1,141			184			780			745			2,105			514,877			516,982
Consumer			211			79			14			14			304			40,201			40,505
Foreign			479			—			466			466			945			140,273			141,218
Total past due loans		$	20,401		$	1,534		$	13,709		$	12,883		$	35,644		$	7,351,893		$	7,387,537


		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 June 30, 2021
Domestic
Commercial
Pass		$	648,779		$	585,815		$	151,781		$	115,209		$	73,253		$	15,095		$	1,589,932
Special Review			1,528			74,697			—			—			—			1			76,226
Watch List - Pass			—			36,371			—			—			—			12			36,383
Watch List - Substandard			3,123			287			845			61			—			—			4,316
Watch List - Doubtful			320			144			—			—			103			—			567
Total Commercial		$	653,750		$	697,314		$	152,626		$	115,270		$	73,356		$	15,108		$	1,707,424
Commercial real estate: other construction & land development
Pass		$	367,161		$	515,464		$	522,601		$	134,382		$	15,864		$	8,702		$	1,564,174
Special Review			30,398			—			—			—			—			—			30,398
Watch List - Pass			—			23,101			—			51			—			—			23,152
Watch List - Doubtful			—			769			—			—			—			—			769
Total Commercial real estate: other construction & land development		$	397,559		$	539,334		$	522,601		$	134,433		$	15,864		$	8,702		$	1,618,493
Commercial real estate: farmland & commercial
Pass		$	464,047		$	752,584		$	340,132		$	445,558		$	203,489		$	258,935		$	2,464,745
Special Review			2,154			1,335			921			4,170			64			912			9,556
Watch List - Pass			17,228			44,226			—			277			97			—			61,828
Watch List - Substandard			—			54,661			4,497			—			2,220			466			61,844
Watch List - Doubtful			—			219			185			—			—			—			404
Total Commercial real estate: farmland & commercial		$	483,429		$	853,025		$	345,735		$	450,005		$	205,870		$	260,313		$	2,598,377
Commercial real estate: multifamily
Pass		$	25,734		$	81,249		$	102,969		$	77,220		$	69,377		$	8,697		$	365,246
Watch List - Doubtful			—			121			—			—			—			—			121
Total Commercial real estate: multifamily		$	25,734		$	81,370		$	102,969		$	77,220		$	69,377		$	8,697		$	365,367
Residential: first lien
Pass		$	67,108		$	68,283		$	70,479		$	56,313		$	34,787		$	102,064		$	399,034
Watch List - Substandard			58			—			—			—			—			—			58
Watch List - Doubtful			—			79			—			—			—			—			79
Total Residential: first lien		$	67,166		$	68,362		$	70,479		$	56,313		$	34,787		$	102,064		$	399,171
Residential: junior lien
Pass		$	67,010		$	165,589		$	81,771		$	42,997		$	53,410		$	106,170		$	516,947
Watch List- Doubtful			—			35			—			—			—			—			35
Total Residential: junior lien		$	67,010		$	165,624		$	81,771		$	42,997		$	53,410		$	106,170		$	516,982
Residential: junior lien
Consumer
Pass		$	18,941		$	16,290		$	3,172		$	428		$	85		$	1,589		$	40,505
Total Consumer		$	18,941		$	16,290		$	3,172		$	428		$	85		$	1,589		$	40,505
Foreign
Pass		$	48,504		$	60,159		$	11,376		$	10,049		$	5,524		$	5,606		$	141,218
Total Foreign		$	48,504		$	60,159		$	11,376		$	10,049		$	5,524		$	5,606		$	141,218
Total Loans		$	1,762,093		$	2,481,478		$	1,290,729		$	886,715		$	458,273		$	508,249		$	7,387,537



			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