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Loans and Allowance for Loan Losses | 3 Months Ended
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Mar. 31, 2017
Receivables [Abstract] |
Loans and Allowance for Loan Losses |
(3) | LOANS AND ALLOWANCE FOR LOAN LOSSES
The following is a schedule of loans outstanding by category:
|  | March 31, 2017 |  |  | December 31, 2016 |
|  | Amount |  |  | Percent |  |  | Amount |  |  | Percent |
|  | (Dollars in thousands) |
Commercial and financial: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial |  | $ | 834,561 |  |  |  | 19.01 | % |  | $ | 828,260 |  |  |  | 18.82 | %
Oil & gas production and equipment |  |  | 84,976 |  |  |  | 1.93 |  |  |  | 84,228 |  |  |  | 1.91 |
Agriculture |  |  | 139,542 |  |  |  | 3.18 |  |  |  | 144,751 |  |  |  | 3.29 |
State and political subdivisions: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Taxable |  |  | 32,597 |  |  |  | 0.74 |  |  |  | 33,793 |  |  |  | 0.77 |
Tax-exempt |  |  | 48,313 |  |  |  | 1.10 |  |  |  | 47,283 |  |  |  | 1.07 |
Real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction |  |  | 417,148 |  |  |  | 9.50 |  |  |  | 420,884 |  |  |  | 9.57 |
Farmland |  |  | 201,450 |  |  |  | 4.59 |  |  |  | 197,872 |  |  |  | 4.50 |
One to four family residences |  |  | 843,731 |  |  |  | 19.22 |  |  |  | 846,360 |  |  |  | 19.24 |
Multifamily residential properties |  |  | 48,302 |  |  |  | 1.10 |  |  |  | 57,806 |  |  |  | 1.31 |
Commercial |  |  | 1,433,707 |  |  |  | 32.65 |  |  |  | 1,426,643 |  |  |  | 32.42 |
Consumer |  |  | 272,637 |  |  |  | 6.21 |  |  |  | 279,704 |  |  |  | 6.36 |
Other (not classified above) |  |  | 33,811 |  |  |  | 0.77 |  |  |  | 32,648 |  |  |  | 0.74 |
Total loans |  | $ | 4,390,775 |  |  |  | 100.00 | % |  | $ | 4,400,232 |  |  |  | 100.00 | %
The Company’s commercial and industrial loan category includes a small percentage of loans to companies that provide ancillary services to the oil and gas industry, such as transportation, preparation contractors and equipment manufacturers. The balance of these loans was approximately $58 million at March 31, 2017 and approximately $56 million at December 31, 2016. The Company’s loans are mostly to customers within Oklahoma and over 65% of the loans are secured by real estate. Credit risk on loans is managed through limits on amounts loaned to individual and related borrowers, underwriting standards and loan monitoring procedures. The amounts and types of collateral obtained, if any, to secure loans are based upon the Company’s underwriting standards and management’s credit evaluation. Collateral varies, but may include real estate, equipment, accounts receivable, inventory, livestock and securities. The Company’s interest in collateral is secured through filing mortgages and liens, and in some cases, by possession of the collateral. Accounting policies related to appraisals, nonaccruals and charge-offs are disclosed in Note (1) to the Company’s Annual Report on Form 10-K for the year ended December 31, 2016. Nonperforming and Restructured Assets The following is a summary of nonperforming and restructured assets:
|  | March 31, |  |  | December 31, |
|  | 2017 |  |  | 2016 |
|  | (Dollars in thousands) |
Past due 90 days or more and still accruing |  | $ | 2,024 |  |  | $ | 1,962 |
Nonaccrual |  |  | 23,694 |  |  |  | 31,798 |
Restructured |  |  | 2,203 |  |  |  | 1,713 |
Total nonperforming and restructured loans |  |  | 27,921 |  |  |  | 35,473 |
Other real estate owned and repossessed assets |  |  | 4,404 |  |  |  | 3,866 |
Total nonperforming and restructured assets |  | $ | 32,325 |  |  | $ | 39,339 |
Nonaccrual loans, accruing loans past due 90 days or more, and restructured loans are shown in the table above. Had nonaccrual loans performed in accordance with their original contractual terms, the Company would have recognized additional interest income of approximately $499,000 for the three months ended March 31, 2017 and approximately $513,000 for the three months ended March 31, 2016. The Company charges interest on principal balances outstanding on restructured loans during deferral periods. The current and future financial effects of the recorded balance of loans considered to be restructured were not considered to be material. Loans are segregated into classes based upon the nature of the collateral and the borrower. These classes are used to estimate the credit risk component in the allowance for loan losses. The following table is a summary of amounts included in nonaccrual loans, segregated by class of loans. Residential real estate refers to one-to-four family real estate.
|  | March 31, 2017 |  |  | December 31, 2016 |
|  | (Dollars in thousands) |
Real estate: |  |  |  |  |  |  |  |
Non-residential real estate owner occupied |  | $ | 599 |  |  | $ | 713 |
Non-residential real estate other |  |  | 2,087 |  |  |  | 5,688 |
Residential real estate permanent mortgage |  |  | 1,397 |  |  |  | 1,116 |
Residential real estate all other |  |  | 4,726 |  |  |  | 5,089 |
Commercial and financial: |  |  |  |  |  |  |  |
Non-consumer non-real estate |  |  | 3,643 |  |  |  | 4,464 |
Consumer non-real estate |  |  | 286 |  |  |  | 265 |
Other loans |  |  | 5,033 |  |  |  | 8,370 |
Acquired loans |  |  | 5,923 |  |  |  | 6,093 |
Total |  | $ | 23,694 |  |  | $ | 31,798 |
The following table presents an age analysis of past due loans, segregated by class of loans:
|  | Age Analysis of Past Due Loans |
|  | 30-59 Days Past Due |  |  | 60-89 Days Past Due |  |  | 90 Days and Greater |  |  | Total Past Due Loans |  |  | Current Loans |  |  | Total Loans |  |  | Accruing Loans 90 Days or More Past Due |
|  | (Dollars in thousands) |
As of March 31, 2017 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-residential real estate owner occupied |  | $ | 1,183 |  |  | $ | 526 |  |  | $ | 1,034 |  |  | $ | 2,743 |  |  | $ | 573,970 |  |  | $ | 576,713 |  |  | $ | 983 |
Non-residential real estate other |  |  | 1,985 |  |  |  | 29 |  |  |  | 250 |  |  |  | 2,264 |  |  |  | 1,125,063 |  |  |  | 1,127,327 |  |  |  | — |
Residential real estate permanent mortgage |  |  | 1,900 |  |  |  | 756 |  |  |  | 1,085 |  |  |  | 3,741 |  |  |  | 319,986 |  |  |  | 323,727 |  |  |  | 232 |
Residential real estate all other |  |  | 5,036 |  |  |  | 337 |  |  |  | 982 |  |  |  | 6,355 |  |  |  | 732,679 |  |  |  | 739,034 |  |  |  | 252 |
Commercial and financial: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-consumer non-real estate |  |  | 3,837 |  |  |  | 1,722 |  |  |  | 272 |  |  |  | 5,831 |  |  |  | 1,053,489 |  |  |  | 1,059,320 |  |  |  | 108 |
Consumer non-real estate |  |  | 1,954 |  |  |  | 595 |  |  |  | 502 |  |  |  | 3,051 |  |  |  | 273,007 |  |  |  | 276,058 |  |  |  | 384 |
Other loans |  |  | 5,143 |  |  |  | 826 |  |  |  | 4,760 |  |  |  | 10,729 |  |  |  | 131,804 |  |  |  | 142,533 |  |  |  | 51 |
Acquired loans |  |  | 1,104 |  |  |  | 20 |  |  |  | 2,537 |  |  |  | 3,661 |  |  |  | 142,402 |  |  |  | 146,063 |  |  |  | 14 |
Total |  | $ | 22,142 |  |  | $ | 4,811 |  |  | $ | 11,422 |  |  | $ | 38,375 |  |  | $ | 4,352,400 |  |  | $ | 4,390,775 |  |  | $ | 2,024 |
As of December 31, 2016 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-residential real estate owner occupied |  | $ | 2,255 |  |  | $ | 96 |  |  | $ | 150 |  |  | $ | 2,501 |  |  | $ | 569,130 |  |  | $ | 571,631 |  |  | $ | — |
Non-residential real estate other |  |  | 611 |  |  |  | 16 |  |  |  | 418 |  |  |  | 1,045 |  |  |  | 1,122,351 |  |  |  | 1,123,396 |  |  |  | — |
Residential real estate permanent mortgage |  |  | 2,742 |  |  |  | 649 |  |  |  | 1,273 |  |  |  | 4,664 |  |  |  | 320,749 |  |  |  | 325,413 |  |  |  | 513 |
Residential real estate all other |  |  | 2,559 |  |  |  | 531 |  |  |  | 1,416 |  |  |  | 4,506 |  |  |  | 743,723 |  |  |  | 748,229 |  |  |  | 369 |
Commercial and financial: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-consumer non-real estate |  |  | 1,269 |  |  |  | 1,628 |  |  |  | 741 |  |  |  | 3,638 |  |  |  | 1,047,547 |  |  |  | 1,051,185 |  |  |  | 608 |
Consumer non-real estate |  |  | 2,046 |  |  |  | 760 |  |  |  | 419 |  |  |  | 3,225 |  |  |  | 280,652 |  |  |  | 283,877 |  |  |  | 274 |
Other loans |  |  | 5,345 |  |  |  | 958 |  |  |  | 7,775 |  |  |  | 14,078 |  |  |  | 127,404 |  |  |  | 141,482 |  |  |  | 45 |
Acquired loans |  |  | 825 |  |  |  | 310 |  |  |  | 408 |  |  |  | 1,543 |  |  |  | 153,476 |  |  |  | 155,019 |  |  |  | 153 |
Total |  | $ | 17,652 |  |  | $ | 4,948 |  |  | $ | 12,600 |  |  | $ | 35,200 |  |  | $ | 4,365,032 |  |  | $ | 4,400,232 |  |  | $ | 1,962 |
Impaired Loans Loans are considered impaired when, based on current information and events, it is probable the Company will be unable to collect the full amount of scheduled principal and interest payments in accordance with the original contractual terms of the loan agreement. If a loan is impaired, a specific valuation allowance may be allocated if necessary so that the loan is reported, net of allowance for loss, at the present value of future cash flows using the loan’s existing rate, or the fair value of collateral if repayment is expected solely from the collateral. The following table presents impaired loans, segregated by class of loans. During the period ended March 31, 2017, $2.3 million of interest income was recognized on impaired loans subsequent to their classification as impaired. During previous periods no material amount of interest income was recognized on impaired loans subsequent to their classification as impaired.
|  | Impaired Loans |
|  | Unpaid Principal Balance |  |  | Recorded Investment with Allowance |  |  | Related Allowance |  |  | Average Recorded Investment |
|  | (Dollars in thousands) |
As of March 31, 2017 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-residential real estate owner occupied |  | $ | 1,766 |  |  | $ | 1,672 |  |  | $ | 73 |  |  | $ | 1,026 |
Non-residential real estate other |  |  | 2,175 |  |  |  | 2,087 |  |  |  | 448 |  |  |  | 4,809 |
Residential real estate permanent mortgage |  |  | 1,884 |  |  |  | 1,682 |  |  |  | 129 |  |  |  | 1,808 |
Residential real estate all other |  |  | 5,364 |  |  |  | 5,123 |  |  |  | 1,513 |  |  |  | 5,388 |
Commercial and financial: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-consumer non-real estate |  |  | 11,474 |  |  |  | 5,461 |  |  |  | 1,486 |  |  |  | 5,882 |
Consumer non-real estate |  |  | 814 |  |  |  | 777 |  |  |  | 141 |  |  |  | 776 |
Other loans |  |  | 6,606 |  |  |  | 5,084 |  |  |  | 673 |  |  |  | 5,276 |
Acquired loans |  |  | 8,196 |  |  |  | 6,186 |  |  |  | — |  |  |  | 6,472 |
Total |  | $ | 38,279 |  |  | $ | 28,072 |  |  | $ | 4,463 |  |  | $ | 31,437 |
As of December 31, 2016 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-residential real estate owner occupied |  | $ | 894 |  |  | $ | 806 |  |  | $ | 101 |  |  | $ | 825 |
Non-residential real estate other |  |  | 7,742 |  |  |  | 5,688 |  |  |  | 574 |  |  |  | 5,854 |
Residential real estate permanent mortgage |  |  | 1,878 |  |  |  | 1,683 |  |  |  | 124 |  |  |  | 1,612 |
Residential real estate all other |  |  | 5,871 |  |  |  | 5,614 |  |  |  | 1,538 |  |  |  | 5,445 |
Commercial and financial: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-consumer non-real estate |  |  | 12,015 |  |  |  | 6,272 |  |  |  | 1,457 |  |  |  | 6,478 |
Consumer non-real estate |  |  | 686 |  |  |  | 650 |  |  |  | 133 |  |  |  | 788 |
Other loans |  |  | 9,799 |  |  |  | 8,415 |  |  |  | 1,870 |  |  |  | 8,062 |
Acquired loans |  |  | 8,780 |  |  |  | 6,581 |  |  |  | — |  |  |  | 6,041 |
Total |  | $ | 47,665 |  |  | $ | 35,709 |  |  | $ | 5,797 |  |  | $ | 35,105 |
Credit Risk Monitoring and Loan Grading The Company considers various factors to monitor the credit risk in the loan portfolio including volume and severity of loan delinquencies, nonaccrual loans, internal grading of loans, historical loan loss experience and economic conditions. An internal risk grading system is used to indicate the credit risk of loans. The loan grades used by the Company are for internal risk identification purposes and do not directly correlate to regulatory classification categories or any financial reporting definitions. The general characteristics of the risk grades are disclosed in Note (5) to the Company’s Annual Report on Form 10-K for the year ended December 31, 2016. The following table presents internal loan grading by class of loans:
|  | Internal Loan Grading |
|  | Grade |
|  |  | 1 |  |  |  | 2 |  |  |  | 3 |  |  |  | 4 |  |  |  | 5 |  |  | Total |
|  | (Dollars in thousands) |
As of March 31, 2017 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-residential real estate owner occupied |  | $ | 469,833 |  |  | $ | 91,517 |  |  | $ | 14,764 |  |  | $ | 599 |  |  | $ | — |  |  | $ | 576,713 |
Non-residential real estate other |  |  | 931,160 |  |  |  | 179,042 |  |  |  | 15,038 |  |  |  | 2,087 |  |  |  | — |  |  |  | 1,127,327 |
Residential real estate permanent mortgage |  |  | 281,991 |  |  |  | 33,986 |  |  |  | 6,121 |  |  |  | 1,629 |  |  |  | — |  |  |  | 323,727 |
Residential real estate all other |  |  | 601,273 |  |  |  | 121,042 |  |  |  | 11,756 |  |  |  | 4,963 |  |  |  | — |  |  |  | 739,034 |
Commercial and financial: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-consumer non-real estate |  |  | 830,209 |  |  |  | 203,922 |  |  |  | 21,216 |  |  |  | 3,973 |  |  |  | — |  |  |  | 1,059,320 |
Consumer non-real estate |  |  | 255,874 |  |  |  | 17,116 |  |  |  | 2,367 |  |  |  | 701 |  |  |  | — |  |  |  | 276,058 |
Other loans |  |  | 135,396 |  |  |  | 5,678 |  |  |  | 1,365 |  |  |  | 94 |  |  |  | — |  |  |  | 142,533 |
Acquired loans |  |  | 87,373 |  |  |  | 39,256 |  |  |  | 13,310 |  |  |  | 6,124 |  |  |  | — |  |  |  | 146,063 |
Total |  | $ | 3,593,109 |  |  | $ | 691,559 |  |  | $ | 85,937 |  |  | $ | 20,170 |  |  | $ | — |  |  | $ | 4,390,775 |
As of December 31, 2016 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-residential real estate owner occupied |  | $ | 464,504 |  |  | $ | 89,978 |  |  | $ | 16,220 |  |  | $ | 929 |  |  | $ | — |  |  | $ | 571,631 |
Non-residential real estate other |  |  | 933,743 |  |  |  | 169,561 |  |  |  | 14,404 |  |  |  | 5,688 |  |  |  | — |  |  |  | 1,123,396 |
Residential real estate permanent mortgage |  |  | 284,893 |  |  |  | 32,889 |  |  |  | 5,987 |  |  |  | 1,644 |  |  |  | — |  |  |  | 325,413 |
Residential real estate all other |  |  | 614,338 |  |  |  | 119,018 |  |  |  | 9,382 |  |  |  | 5,491 |  |  |  | — |  |  |  | 748,229 |
Commercial and financial: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-consumer non-real estate |  |  | 856,318 |  |  |  | 170,865 |  |  |  | 19,101 |  |  |  | 4,901 |  |  |  | — |  |  |  | 1,051,185 |
Consumer non-real estate |  |  | 263,442 |  |  |  | 17,154 |  |  |  | 2,640 |  |  |  | 641 |  |  |  | — |  |  |  | 283,877 |
Other loans |  |  | 132,254 |  |  |  | 5,376 |  |  |  | 1,514 |  |  |  | 2,338 |  |  |  | — |  |  |  | 141,482 |
Acquired loans |  |  | 92,946 |  |  |  | 42,668 |  |  |  | 12,888 |  |  |  | 6,517 |  |  |  | — |  |  |  | 155,019 |
Total |  | $ | 3,642,438 |  |  | $ | 647,509 |  |  | $ | 82,136 |  |  | $ | 28,149 |  |  | $ | — |  |  | $ | 4,400,232 |
Allowance for Loan Losses Methodology The allowance for loan losses (“ALL”) methodology is disclosed in Note (5) to the Company’s Annual Report on Form 10-K for the year ended December 31, 2016. The following table details activity in the ALL by class of loans for the period presented. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories.
|  | ALL |
|  | Balance at beginning of period |  |  | Charge- offs |  |  | Recoveries |  |  | Net charge-offs |  |  | Provisions charged to operations |  |  | Balance at end of period |
|  | (Dollars in thousands) |
Three Months Ended March 31, 2017 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-residential real estate owner occupied |  | $ | 5,602 |  |  | $ | (32 | ) |  | $ | 1 |  |  | $ | (31 | ) |  | $ | (9 | ) |  | $ | 5,562 |
Non-residential real estate other |  |  | 10,793 |  |  |  | (1 | ) |  |  | 1 |  |  |  | — |  |  |  | (5 | ) |  |  | 10,788 |
Residential real estate permanent mortgage |  |  | 3,129 |  |  |  | (120 | ) |  |  | 1 |  |  |  | (119 | ) |  |  | 120 |  |  |  | 3,130 |
Residential real estate all other |  |  | 8,622 |  |  |  | (57 | ) |  |  | 11 |  |  |  | (46 | ) |  |  | 83 |  |  |  | 8,659 |
Commercial and financial: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-consumer non-real estate |  |  | 12,421 |  |  |  | (206 | ) |  |  | 918 |  |  |  | 712 |  |  |  | (323 | ) |  |  | 12,810 |
Consumer non-real estate |  |  | 2,804 |  |  |  | (234 | ) |  |  | 51 |  |  |  | (183 | ) |  |  | 104 |  |  |  | 2,725 |
Other loans |  |  | 4,045 |  |  |  | (1,218 | ) |  |  | 4 |  |  |  | (1,214 | ) |  |  | 127 |  |  |  | 2,958 |
Acquired loans |  |  | 1,277 |  |  |  | (13 | ) |  |  | 50 |  |  |  | 37 |  |  |  | (25 | ) |  |  | 1,289 |
Total |  | $ | 48,693 |  |  | $ | (1,881 | ) |  | $ | 1,037 |  |  | $ | (844 | ) |  | $ | 72 |  |  | $ | 47,921 |
|  | ALL |
|  | Balance at beginning of period |  |  | Charge- offs |  |  | Recoveries |  |  | Net charge-offs |  |  | Provisions charged to operations |  |  | Balance at end of period |
|  | (Dollars in thousands) |
Three Months Ended March 31, 2016 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-residential real estate owner occupied |  | $ | 4,661 |  |  | $ | (1 | ) |  | $ | — |  |  | $ | (1 | ) |  | $ | 172 |  |  | $ | 4,832 |
Non-residential real estate other |  |  | 9,921 |  |  |  | (1 | ) |  |  | 1 |  |  |  | — |  |  |  | 290 |  |  |  | 10,211 |
Residential real estate permanent mortgage |  |  | 3,148 |  |  |  | (50 | ) |  |  | 17 |  |  |  | (33 | ) |  |  | 49 |  |  |  | 3,164 |
Residential real estate all other |  |  | 6,725 |  |  |  | (67 | ) |  |  | 4 |  |  |  | (63 | ) |  |  | 1,327 |  |  |  | 7,989 |
Commercial and financial: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-consumer non-real estate |  |  | 11,754 |  |  |  | (803 | ) |  |  | 11 |  |  |  | (792 | ) |  |  | 1,851 |  |  |  | 12,813 |
Consumer non-real estate |  |  | 2,642 |  |  |  | (221 | ) |  |  | 38 |  |  |  | (183 | ) |  |  | 94 |  |  |  | 2,553 |
Other loans |  |  | 2,648 |  |  |  | (133 | ) |  |  | 6 |  |  |  | (127 | ) |  |  | 269 |  |  |  | 2,790 |
Acquired loans |  |  | 167 |  |  |  | (4 | ) |  |  | 5 |  |  |  | 1 |  |  |  | 51 |  |  |  | 219 |
Total |  | $ | 41,666 |  |  | $ | (1,280 | ) |  | $ | 82 |  |  | $ | (1,198 | ) |  | $ | 4,103 |  |  | $ | 44,571 |
The following table details the amount of ALL by class of loans for the period presented, detailed on the basis of the impairment methodology used by the Company.
|  | ALL |
|  | March 31, 2017 |  |  | December 31, 2016 |
|  | Individually evaluated for impairment |  |  | Collectively evaluated for impairment |  |  | Individually evaluated for impairment |  |  | Collectively evaluated for impairment |
|  | (Dollars in thousands) |
Real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-residential real estate owner occupied. |  | $ | 614 |  |  | $ | 4,948 |  |  | $ | 716 |  |  | $ | 4,886 |
Non-residential real estate other |  |  | 1,011 |  |  |  | 9,777 |  |  |  | 1,119 |  |  |  | 9,674 |
Residential real estate permanent mortgage |  |  | 433 |  |  |  | 2,697 |  |  |  | 422 |  |  |  | 2,707 |
Residential real estate all other |  |  | 2,275 |  |  |  | 6,384 |  |  |  | 2,160 |  |  |  | 6,462 |
Commercial and financial: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-consumer non-real estate |  |  | 3,517 |  |  |  | 9,293 |  |  |  | 3,317 |  |  |  | 9,104 |
Consumer non-real estate |  |  | 459 |  |  |  | 2,266 |  |  |  | 478 |  |  |  | 2,326 |
Other loans |  |  | 658 |  |  |  | 2,300 |  |  |  | 1,812 |  |  |  | 2,233 |
Acquired loans |  |  | 10 |  |  |  | 1,279 |  |  |  | 495 |  |  |  | 782 |
Total |  | $ | 8,977 |  |  | $ | 38,944 |  |  | $ | 10,519 |  |  | $ | 38,174 |
The following table details the loans outstanding by class of loans for the period presented, on the basis of the impairment methodology used by the Company.
|  | Loans |
|  | March 31, 2017 |  |  | December 31, 2016 |
|  | Individually evaluated for impairment |  |  | Collectively evaluated for impairment |  |  | Loans acquired with deteriorated credit quality |  |  | Individually evaluated for impairment |  |  | Collectively evaluated for impairment |  |  | Loans acquired with deteriorated credit quality |
|  | (Dollars in thousands) |
Real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-residential real estate owner occupied |  | $ | 15,363 |  |  | $ | 561,350 |  |  | $ | — |  |  | $ | 17,149 |  |  | $ | 554,482 |  |  | $ | — |
Non-residential real estate other |  |  | 17,125 |  |  |  | 1,110,202 |  |  |  | — |  |  |  | 20,092 |  |  |  | 1,103,304 |  |  |  | — |
Residential real estate permanent mortgage |  |  | 7,750 |  |  |  | 315,977 |  |  |  | — |  |  |  | 7,631 |  |  |  | 317,782 |  |  |  | — |
Residential real estate all other |  |  | 16,719 |  |  |  | 722,315 |  |  |  | — |  |  |  | 14,873 |  |  |  | 733,356 |  |  |  | — |
Commercial and financial: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-consumer non-real estate |  |  | 25,189 |  |  |  | 1,034,131 |  |  |  | — |  |  |  | 24,002 |  |  |  | 1,027,183 |  |  |  | — |
Consumer non-real estate |  |  | 3,068 |  |  |  | 272,990 |  |  |  | — |  |  |  | 3,203 |  |  |  | 280,674 |  |  |  | — |
Other loans |  |  | 2,338 |  |  |  | 140,195 |  |  |  | — |  |  |  | 2,254 |  |  |  | 139,228 |  |  |  | — |
Acquired loans |  |  | 13,651 |  |  |  | 126,630 |  |  |  | 5,782 |  |  |  | 13,459 |  |  |  | 135,616 |  |  |  | 5,944 |
Total |  | $ | 101,203 |  |  | $ | 4,283,790 |  |  | $ | 5,782 |  |  | $ | 102,663 |  |  | $ | 4,291,625 |  |  | $ | 5,944 |
Transfers from Loans Transfers from loans to other real estate owned and repossessed assets are non-cash transactions, and are not included in the statements of cash flow. Transfers from loans to other real estate owned and repossessed assets during the periods presented, are summarized as follows:
|  | Three Months Ended March 31, |
|  | 2017 |  |  | 2016 |
|  | (Dollars in thousands) |
Other real estate owned |  | $ | 901 |  |  | $ | 344 |
Repossessed assets |  |  | 363 |  |  |  | 404 |
Total |  | $ | 1,264 |  |  | $ | 748 |
During the quarter ended March 31, 2016, the Company had gains on the sale of other real estate owned totaling $1.2 million that is included in net expense from other real estate owned on the consolidated statements of comprehensive income.

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