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v3.20.1

Allowance for Loan Losses (Tables) | 3 Months Ended
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Mar. 31, 2020
Receivables [Abstract] |
Summary of total non purchased and purchased loans | The following is a summary of non purchased loans and leases as of the dates presented:
| March 31, 2020 |  | December 31, 2019
Commercial, financial, agricultural | $ | 1,144,004 |  |  | $ | 1,052,353 |
Lease financing | 88,351 |  |  | 85,700 |
Real estate – construction: |  |  |
Residential | 277,551 |  |  | 272,643 |
Commercial | 467,515 |  |  | 502,258 |
Total real estate – construction | 745,066 |  |  | 774,901 |
Real estate – 1-4 family mortgage: |  |  |  |  |
Primary | 1,466,887 |  |  | 1,449,219 |
Home equity | 449,263 |  |  | 456,265 |
Rental/investment | 285,244 |  |  | 291,931 |
Land development | 155,233 |  |  | 152,711 |
Total real estate – 1-4 family mortgage | 2,356,627 |  |  | 2,350,126 |
Real estate – commercial mortgage: |  |  |
Owner-occupied | 1,244,919 |  |  | 1,209,204 |
Non-owner occupied | 1,874,559 |  |  | 1,803,587 |
Land development | 122,694 |  |  | 116,085 |
Total real estate – commercial mortgage | 3,242,172 |  |  | 3,128,876 |
Installment loans to individuals | 229,856 |  |  | 199,843 |
Gross loans | 7,806,076 |  |  | 7,591,799 |
Unearned income | (3,672 | ) |  | (3,825 | )
Loans, net of unearned income | $ | 7,802,404 |  |  | $ | 7,587,974 |
The following is a summary of purchased loans as of the dates presented:
| March 31, 2020 |  | December 31, 2019
Commercial, financial, agricultural | $ | 280,572 |  |  | $ | 315,619 |
Real estate – construction: |  |  |
Residential | 11,449 |  |  | 16,407 |
Commercial | 31,380 |  |  | 35,175 |
Total real estate – construction | 42,829 |  |  | 51,582 |
Real estate – 1-4 family mortgage: |  |  |  |  |
Primary | 309,549 |  |  | 332,729 |
Home equity | 114,463 |  |  | 117,275 |
Rental/investment | 44,222 |  |  | 43,169 |
Land development | 21,440 |  |  | 23,314 |
Total real estate – 1-4 family mortgage | 489,674 |  |  | 516,487 |
Real estate – commercial mortgage: |  |  |
Owner-occupied | 418,079 |  |  | 428,077 |
Non-owner occupied | 610,383 |  |  | 647,308 |
Land development | 38,074 |  |  | 40,004 |
Total real estate – commercial mortgage | 1,066,536 |  |  | 1,115,389 |
Installment loans to individuals | 87,362 |  |  | 102,587 |
Loans, net of unearned income | $ | 1,966,973 |  |  | $ | 2,101,664 |
The following is a summary of total non purchased and purchased loans as of the dates presented:
| March 31, 2020 |  | December 31, 2019
Commercial, financial, agricultural | $ | 1,424,576 |  |  | $ | 1,367,972 |
Lease financing | 88,351 |  |  | 85,700 |
Real estate – construction: |  |  |
Residential | 289,000 |  |  | 289,050 |
Commercial | 498,895 |  |  | 537,433 |
Total real estate – construction | 787,895 |  |  | 826,483 |
Real estate – 1-4 family mortgage: |  |  |  |  |
Primary | 1,776,436 |  |  | 1,781,948 |
Home equity | 563,726 |  |  | 573,540 |
Rental/investment | 329,466 |  |  | 335,100 |
Land development | 176,673 |  |  | 176,025 |
Total real estate – 1-4 family mortgage | 2,846,301 |  |  | 2,866,613 |
Real estate – commercial mortgage: |  |  |
Owner-occupied | 1,662,998 |  |  | 1,637,281 |
Non-owner occupied | 2,484,942 |  |  | 2,450,895 |
Land development | 160,768 |  |  | 156,089 |
Total real estate – commercial mortgage | 4,308,708 |  |  | 4,244,265 |
Installment loans to individuals | 317,218 |  |  | 302,430 |
Gross loans | 9,773,049 |  |  | 9,693,463 |
Unearned income | (3,672 | ) |  | (3,825 | )
Loans, net of unearned income | 9,769,377 |  |  | 9,689,638 |
Allowance for credit losses on loans | (120,185 | ) |  | (52,162 | )
Net loans | $ | 9,649,192 |  |  | $ | 9,637,476 |
Roll forward of the allowance for loan losses | The following table provides a roll forward of the allowance for credit losses by loan category and a breakdown of the ending balance of the allowance based on the Company’s credit loss methodology prior to the adoption of ASC 326 for the period presented:
| Commercial |  | Real Estate - Construction |  | Real Estate - 1-4 Family Mortgage |  | Real Estate - Commercial Mortgage |  | Installment and Other(1) |  | Total
Three Months Ended March 31, 2019 |  |  |  |  |  |  |  |  |  |  |
Allowance for credit losses: |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 8,269 |  |  | $ | 4,755 |  |  | $ | 10,139 |  |  | $ | 24,492 |  |  | $ | 1,371 |  |  | $ | 49,026 |
Charge-offs | (258 | ) |  | — |  |  | (497 | ) |  | (562 | ) |  | (220 | ) |  | (1,537 | )
Recoveries | 374 |  |  | 7 |  |  | 197 |  |  | 245 |  |  | 23 |  |  | 846 |
Net (charge-offs) recoveries | 116 |  |  | 7 |  |  | (300 | ) |  | (317 | ) |  | (197 | ) |  | (691 | )
Provision for credit losses on loans | 1,237 |  |  | 16 |  |  | (348 | ) |  | 468 |  |  | 127 |  |  | 1,500 |
Ending balance | $ | 9,622 |  |  | $ | 4,778 |  |  | $ | 9,491 |  |  | $ | 24,643 |  |  | $ | 1,301 |  |  | $ | 49,835 |
Period-End Amount Allocated to: |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment | $ | 1,181 |  |  | $ | 58 |  |  | $ | 127 |  |  | $ | 842 |  |  | $ | 5 |  |  | $ | 2,213 |
Collectively evaluated for impairment | 8,312 |  |  | 4,720 |  |  | 8,944 |  |  | 21,828 |  |  | 1,294 |  |  | 45,098 |
Purchased with deteriorated credit quality | 129 |  |  | — |  |  | 420 |  |  | 1,973 |  |  | 2 |  |  | 2,524 |
Ending balance | $ | 9,622 |  |  | $ | 4,778 |  |  | $ | 9,491 |  |  | $ | 24,643 |  |  | $ | 1,301 |  |  | $ | 49,835 |
(1) Includes lease financing receivables. The following table provides a roll forward of the allowance for credit losses by loan category and a breakdown of the ending balance of the allowance based on the Company’s credit loss methodology for the period presented:
| Commercial |  | Real Estate - Construction |  | Real Estate - 1-4 Family Mortgage |  | Real Estate - Commercial Mortgage |  | Lease Financing |  | Installment Loans to Individuals |  | Total
Three Months Ended March 31, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for credit losses: |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 10,658 |  |  | $ | 5,029 |  |  | $ | 9,814 |  |  | $ | 24,990 |  |  | $ | 910 |  |  | $ | 761 |  |  | $ | 52,162 |
Impact of the adoption of ASC 326 | 11,351 |  |  | 3,505 |  |  | 14,314 |  |  | 4,293 |  |  | 521 |  |  | 8,500 |  |  | 42,484 |
Charge-offs | (393 | ) |  | — |  |  | (221 | ) |  | (2,047 | ) |  | — |  |  | (2,688 | ) |  | (5,349 | )
Recoveries | 190 |  |  | — |  |  | 88 |  |  | 1,699 |  |  | 5 |  |  | 2,556 |  |  | 4,538 |
Net (charge-offs) recoveries | (203 | ) |  | — |  |  | (133 | ) |  | (348 | ) |  | 5 |  |  | (132 | ) |  | (811 | )
Provision for credit losses on loans | 4,131 |  |  | 2,390 |  |  | 3,325 |  |  | 15,302 |  |  | 152 |  |  | 1,050 |  |  | 26,350 |
Ending balance | $ | 25,937 |  |  | $ | 10,924 |  |  | $ | 27,320 |  |  | $ | 44,237 |  |  | $ | 1,588 |  |  | $ | 10,179 |  |  | $ | 120,185 |
Period-End Amount Allocated to: |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated | $ | 3,653 |  |  | $ | — |  |  | $ | 370 |  |  | $ | 856 |  |  | $ | — |  |  | $ | 270 |  |  | $ | 5,149 |
Collectively evaluated | 22,284 |  |  | 10,924 |  |  | 26,950 |  |  | 43,381 |  |  | 1,588 |  |  | 9,909 |  |  | 115,036 |
Ending balance | $ | 25,937 |  |  | $ | 10,924 |  |  | $ | 27,320 |  |  | $ | 44,237 |  |  | $ | 1,588 |  |  | $ | 10,179 |  |  | $ | 120,185 |
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated | $ | 10,460 |  |  | $ | 2,728 |  |  | $ | 5,865 |  |  | $ | 7,508 |  |  | $ | — |  |  | $ | 625 |  |  | $ | 27,186 |
Collectively evaluated | 1,414,116 |  |  | 785,167 |  |  | 2,840,436 |  |  | 4,301,200 |  |  | 84,679 |  |  | 316,593 |  |  | 9,742,191 |
Ending balance | $ | 1,424,576 |  |  | $ | 787,895 |  |  | $ | 2,846,301 |  |  | $ | 4,308,708 |  |  | $ | 84,679 |  |  | $ | 317,218 |  |  | $ | 9,769,377 |
Nonaccruing loans with no allowance for credit losses | $ | 4,224 |  |  | $ | 2,728 |  |  | $ | 3,309 |  |  | $ | 2,594 |  |  | $ | — |  |  | $ | — |  |  | $ | 12,855 |
Investment in loans, net of unearned income on impairment methodology |
| Commercial |  | Real Estate - Construction |  | Real Estate - 1-4 Family Mortgage |  | Real Estate - Commercial Mortgage |  | Installment and Other(1) |  | Total
December 31, 2019 |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment | $ | 8,460 |  |  | $ | 12,416 |  |  | $ | 20,262 |  |  | $ | 9,550 |  |  | $ | 491 |  |  | $ | 51,179 |
Collectively evaluated for impairment | 1,329,974 |  |  | 813,204 |  |  | 2,810,808 |  |  | 4,131,582 |  |  | 380,627 |  |  | 9,466,195 |
Purchased with deteriorated credit quality | 29,538 |  |  | 863 |  |  | 35,543 |  |  | 103,133 |  |  | 3,187 |  |  | 172,264 |
Ending balance | $ | 1,367,972 |  |  | $ | 826,483 |  |  | $ | 2,866,613 |  |  | $ | 4,244,265 |  |  | $ | 384,305 |  |  | $ | 9,689,638 |
(1) Includes lease financing receivables.
Unfunded Loan Commitments, Allowance for Credit Losses |
Three Months Ended March 31, 2020 |
Allowance for credit losses on unfunded loan commitments: |
Beginning balance | $ | 946 |
Impact of the adoption of ASC 326 | 10,389 |
Provision for credit losses on unfunded loan commitments (included in other noninterest expense) | 3,400 |
Ending balance | $ | 14,735 |

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- Definition Tabular disclosure of allowance for credit loss on financing receivable. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -URI http://asc.fasb.org/extlink&oid=118936363&loc=SL6953423-111524 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=119407570&loc=SL82919249-210447 + Details
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