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v3.20.2

Allowance for Credit Losses (Tables) | 6 Months Ended
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Jun. 30, 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:
| June 30, 2020 |  | December 31, 2019
Commercial, financial, agricultural | $ | 2,416,243 |  |  | $ | 1,052,353 |
Lease financing | 84,271 |  |  | 85,700 |
Real estate – construction: |  |  |
Residential | 291,983 |  |  | 272,643 |
Commercial | 464,889 |  |  | 502,258 |
Total real estate – construction | 756,872 |  |  | 774,901 |
Real estate – 1-4 family mortgage: |  |  |
Primary | 1,476,196 |  |  | 1,449,219 |
Home equity | 440,774 |  |  | 456,265 |
Rental/investment | 277,647 |  |  | 291,931 |
Land development | 148,370 |  |  | 152,711 |
Total real estate – 1-4 family mortgage | 2,342,987 |  |  | 2,350,126 |
Real estate – commercial mortgage: |  |  |
Owner-occupied | 1,270,197 |  |  | 1,209,204 |
Non-owner occupied | 2,011,744 |  |  | 1,803,587 |
Land development | 118,777 |  |  | 116,085 |
Total real estate – commercial mortgage | 3,400,718 |  |  | 3,128,876 |
Installment loans to individuals | 208,502 |  |  | 199,843 |
Gross loans | 9,209,593 |  |  | 7,591,799 |
Unearned income | (3,492) |  |  | (3,825) |
Loans, net of unearned income | $ | 9,206,101 |  |  | $ | 7,587,974 |
The following is a summary of purchased loans as of the dates presented:
| June 30, 2020 |  | December 31, 2019
Commercial, financial, agricultural | $ | 225,355 |  |  | $ | 315,619 |
Real estate – construction: |  |  |
Residential | 3,948 |  |  | 16,407 |
Commercial | 30,288 |  |  | 35,175 |
Total real estate – construction | 34,236 |  |  | 51,582 |
Real estate – 1-4 family mortgage: |  |  |
Primary | 280,057 |  |  | 332,729 |
Home equity | 102,694 |  |  | 117,275 |
Rental/investment | 41,156 |  |  | 43,169 |
Land development | 21,619 |  |  | 23,314 |
Total real estate – 1-4 family mortgage | 445,526 |  |  | 516,487 |
Real estate – commercial mortgage: |  |  |
Owner-occupied | 390,477 |  |  | 428,077 |
Non-owner occupied | 582,569 |  |  | 647,308 |
Land development | 36,989 |  |  | 40,004 |
Total real estate – commercial mortgage | 1,010,035 |  |  | 1,115,389 |
Installment loans to individuals | 76,051 |  |  | 102,587 |
Loans, net of unearned income | $ | 1,791,203 |  |  | $ | 2,101,664 |
The following is a summary of total non purchased and purchased loans as of the dates presented:
| June 30, 2020 |  | December 31, 2019
Commercial, financial, agricultural | $ | 2,641,598 |  |  | $ | 1,367,972 |
Lease financing | 84,271 |  |  | 85,700 |
Real estate – construction: |  |  |
Residential | 295,931 |  |  | 289,050 |
Commercial | 495,177 |  |  | 537,433 |
Total real estate – construction | 791,108 |  |  | 826,483 |
Real estate – 1-4 family mortgage: |  |  |
Primary | 1,756,253 |  |  | 1,781,948 |
Home equity | 543,468 |  |  | 573,540 |
Rental/investment | 318,803 |  |  | 335,100 |
Land development | 169,989 |  |  | 176,025 |
Total real estate – 1-4 family mortgage | 2,788,513 |  |  | 2,866,613 |
Real estate – commercial mortgage: |  |  |
Owner-occupied | 1,660,674 |  |  | 1,637,281 |
Non-owner occupied | 2,594,313 |  |  | 2,450,895 |
Land development | 155,766 |  |  | 156,089 |
Total real estate – commercial mortgage | 4,410,753 |  |  | 4,244,265 |
Installment loans to individuals | 284,553 |  |  | 302,430 |
Gross loans | 11,000,796 |  |  | 9,693,463 |
Unearned income | (3,492) |  |  | (3,825) |
Loans, net of unearned income | 10,997,304 |  |  | 9,689,638 |
Allowance for credit losses on loans | (145,387) |  |  | (52,162) |
Net loans | $ | 10,851,917 |  |  | $ | 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 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 June 30, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for credit losses: |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 25,937 |  |  | $ | 10,924 |  |  | $ | 27,320 |  |  | $ | 44,237 |  |  | $ | 1,588 |  |  | $ | 10,179 |  |  | $ | 120,185 |
Charge-offs | (1,156) |  |  | (532) |  |  | (142) |  |  | — |  |  | — |  |  | (1,736) |  |  | (3,566) |
Recoveries | 108 |  |  | — |  |  | 48 |  |  | 41 |  |  | 5 |  |  | 1,666 |  |  | 1,868 |
Net (charge-offs) recoveries | (1,048) |  |  | (532) |  |  | (94) |  |  | 41 |  |  | 5 |  |  | (70) |  |  | (1,698) |
Provision for credit losses on loans | 5,796 |  |  | 2,146 |  |  | 2,175 |  |  | 15,783 |  |  | 219 |  |  | 781 |  |  | 26,900 |
Ending balance | $ | 30,685 |  |  | $ | 12,538 |  |  | $ | 29,401 |  |  | $ | 60,061 |  |  | $ | 1,812 |  |  | $ | 10,890 |  |  | $ | 145,387 |
Six Months Ended June 30, 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 | (1,549) |  |  | (532) |  |  | (363) |  |  | (2,047) |  |  | — |  |  | (4,424) |  |  | (8,915) |
Recoveries | 298 |  |  | — |  |  | 136 |  |  | 1,740 |  |  | 10 |  |  | 4,222 |  |  | 6,406 |
Net (charge-offs) recoveries | (1,251) |  |  | (532) |  |  | (227) |  |  | (307) |  |  | 10 |  |  | (202) |  |  | (2,509) |
Provision for credit losses on loans | 9,927 |  |  | 4,536 |  |  | 5,500 |  |  | 31,085 |  |  | 371 |  |  | 1,831 |  |  | 53,250 |
Ending balance | $ | 30,685 |  |  | $ | 12,538 |  |  | $ | 29,401 |  |  | $ | 60,061 |  |  | $ | 1,812 |  |  | $ | 10,890 |  |  | $ | 145,387 |
Period-End Amount Allocated to: |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated | $ | 3,882 |  |  | $ | — |  |  | $ | 378 |  |  | $ | 550 |  |  | $ | — |  |  | $ | 270 |  |  | $ | 5,080 |
Collectively evaluated | 26,803 |  |  | 12,538 |  |  | 29,023 |  |  | 59,511 |  |  | 1,812 |  |  | 10,620 |  |  | 140,307 |
Ending balance | $ | 30,685 |  |  | $ | 12,538 |  |  | $ | 29,401 |  |  | $ | 60,061 |  |  | $ | 1,812 |  |  | $ | 10,890 |  |  | $ | 145,387 |
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated | $ | 9,736 |  |  | $ | — |  |  | $ | 5,142 |  |  | $ | 7,883 |  |  | $ | — |  |  | $ | 626 |  |  | $ | 23,387 |
Collectively evaluated | 2,631,862 |  |  | 791,108 |  |  | 2,783,371 |  |  | 4,402,870 |  |  | 80,779 |  |  | 283,927 |  |  | 10,973,917 |
Ending balance | $ | 2,641,598 |  |  | $ | 791,108 |  |  | $ | 2,788,513 |  |  | $ | 4,410,753 |  |  | $ | 80,779 |  |  | $ | 284,553 |  |  | $ | 10,997,304 |
Nonaccruing loans with no allowance for credit losses | $ | 720 |  |  | $ | — |  |  | $ | 2,503 |  |  | $ | 3,910 |  |  | $ | — |  |  | $ | 2 |  |  | $ | 7,135 |
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 June 30, 2019 |  |  |  |  |  |  |  |  |  |  |
Allowance for credit losses: |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 9,622 |  |  | $ | 4,778 |  |  | $ | 9,491 |  |  | $ | 24,643 |  |  | $ | 1,301 |  |  | $ | 49,835 |
Charge-offs | (694) |  |  | — |  |  | (378) |  |  | (167) |  |  | (212) |  |  | (1,451) |
Recoveries | 241 |  |  | — |  |  | 115 |  |  | 366 |  |  | 53 |  |  | 775 |
Net (charge-offs) recoveries | (453) |  |  | — |  |  | (263) |  |  | 199 |  |  | (159) |  |  | (676) |
Provision for credit losses on loans | 365 |  |  | 524 |  |  | 388 |  |  | (540) |  |  | 163 |  |  | 900 |
Ending balance | $ | 9,534 |  |  | $ | 5,302 |  |  | $ | 9,616 |  |  | $ | 24,302 |  |  | $ | 1,305 |  |  | $ | 50,059 |
Six Months Ended June 30, 2019 |  |  |  |  |  |  |  |  |  |  |
Allowance for credit losses: |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 8,269 |  |  | $ | 4,755 |  |  | $ | 10,139 |  |  | $ | 24,492 |  |  | $ | 1,371 |  |  | $ | 49,026 |
Charge-offs | (952) |  |  | — |  |  | (875) |  |  | (729) |  |  | (432) |  |  | (2,988) |
Recoveries | 615 |  |  | 7 |  |  | 312 |  |  | 611 |  |  | 76 |  |  | 1,621 |
Net (charge-offs) recoveries | (337) |  |  | 7 |  |  | (563) |  |  | (118) |  |  | (356) |  |  | (1,367) |
Provision for credit losses on loans | 1,602 |  |  | 540 |  |  | 40 |  |  | (72) |  |  | 290 |  |  | 2,400 |
Ending balance | $ | 9,534 |  |  | $ | 5,302 |  |  | $ | 9,616 |  |  | $ | 24,302 |  |  | $ | 1,305 |  |  | $ | 50,059 |
Period-End Amount Allocated to: |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment | $ | 1,191 |  |  | $ | 8 |  |  | $ | 188 |  |  | $ | 482 |  |  | $ | 4 |  |  | $ | 1,873 |
Collectively evaluated for impairment | 8,172 |  |  | 5,294 |  |  | 8,913 |  |  | 21,842 |  |  | 1,299 |  |  | 45,520 |
Purchased with deteriorated credit quality | 171 |  |  | — |  |  | 515 |  |  | 1,978 |  |  | 2 |  |  | 2,666 |
Ending balance | $ | 9,534 |  |  | $ | 5,302 |  |  | $ | 9,616 |  |  | $ | 24,302 |  |  | $ | 1,305 |  |  | $ | 50,059 |
(1)Includes lease financing receivables.
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 June 30, 2020 |
Allowance for credit losses on unfunded loan commitments: |
Beginning balance | $ | 14,735 |
Provision for credit losses on unfunded loan commitments (included in other noninterest expense) | 2,600 |
Ending balance | $ | 17,335 |
Six Months Ended June 30, 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) | 6,000 |
Ending balance | $ | 17,335 |

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