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v3.20.2

Allowance for Credit Losses (Tables) | 9 Months Ended
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Sep. 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:
| September 30, 2020 |  | December 31, 2019
Commercial, financial, agricultural | $ | 2,445,294 |  |  | $ | 1,052,353 |
Lease financing | 87,257 |  |  | 85,700 |
Real estate – construction: |  |  |
Residential | 261,432 |  |  | 272,643 |
Commercial | 477,441 |  |  | 502,258 |
Total real estate – construction | 738,873 |  |  | 774,901 |
Real estate – 1-4 family mortgage: |  |  |
Primary | 1,517,528 |  |  | 1,449,219 |
Home equity | 442,380 |  |  | 456,265 |
Rental/investment | 272,811 |  |  | 291,931 |
Land development | 136,573 |  |  | 152,711 |
Total real estate – 1-4 family mortgage | 2,369,292 |  |  | 2,350,126 |
Real estate – commercial mortgage: |  |  |
Owner-occupied | 1,316,408 |  |  | 1,209,204 |
Non-owner occupied | 2,176,562 |  |  | 1,803,587 |
Land development | 117,672 |  |  | 116,085 |
Total real estate – commercial mortgage | 3,610,642 |  |  | 3,128,876 |
Installment loans to individuals | 177,195 |  |  | 199,843 |
Gross loans | 9,428,553 |  |  | 7,591,799 |
Unearned income | (4,329) |  |  | (3,825) |
Loans, net of unearned income | $ | 9,424,224 |  |  | $ | 7,587,974 |
The following is a summary of purchased loans as of the dates presented:
| September 30, 2020 |  | December 31, 2019
Commercial, financial, agricultural | $ | 202,768 |  |  | $ | 315,619 |
Real estate – construction: |  |  |
Residential | 3,093 |  |  | 16,407 |
Commercial | 31,153 |  |  | 35,175 |
Total real estate – construction | 34,246 |  |  | 51,582 |
Real estate – 1-4 family mortgage: |  |  |
Primary | 245,369 |  |  | 332,729 |
Home equity | 95,235 |  |  | 117,275 |
Rental/investment | 33,567 |  |  | 43,169 |
Land development | 16,931 |  |  | 23,314 |
Total real estate – 1-4 family mortgage | 391,102 |  |  | 516,487 |
Real estate – commercial mortgage: |  |  |
Owner-occupied | 355,994 |  |  | 428,077 |
Non-owner occupied | 577,679 |  |  | 647,308 |
Land development | 32,694 |  |  | 40,004 |
Total real estate – commercial mortgage | 966,367 |  |  | 1,115,389 |
Installment loans to individuals | 66,031 |  |  | 102,587 |
Loans | $ | 1,660,514 |  |  | $ | 2,101,664 |
The following is a summary of total non purchased and purchased loans as of the dates presented:
| September 30, 2020 |  | December 31, 2019
Commercial, financial, agricultural | $ | 2,648,062 |  |  | $ | 1,367,972 |
Lease financing | 87,257 |  |  | 85,700 |
Real estate – construction: |  |  |
Residential | 264,525 |  |  | 289,050 |
Commercial | 508,594 |  |  | 537,433 |
Total real estate – construction | 773,119 |  |  | 826,483 |
Real estate – 1-4 family mortgage: |  |  |
Primary | 1,762,897 |  |  | 1,781,948 |
Home equity | 537,615 |  |  | 573,540 |
Rental/investment | 306,378 |  |  | 335,100 |
Land development | 153,504 |  |  | 176,025 |
Total real estate – 1-4 family mortgage | 2,760,394 |  |  | 2,866,613 |
Real estate – commercial mortgage: |  |  |
Owner-occupied | 1,672,402 |  |  | 1,637,281 |
Non-owner occupied | 2,754,241 |  |  | 2,450,895 |
Land development | 150,366 |  |  | 156,089 |
Total real estate – commercial mortgage | 4,577,009 |  |  | 4,244,265 |
Installment loans to individuals | 243,226 |  |  | 302,430 |
Gross loans | 11,089,067 |  |  | 9,693,463 |
Unearned income | (4,329) |  |  | (3,825) |
Loans, net of unearned income | 11,084,738 |  |  | 9,689,638 |
Allowance for credit losses on loans | (168,098) |  |  | (52,162) |
Net loans | $ | 10,916,640 |  |  | $ | 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 periods 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 September 30, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for credit losses: |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 30,685 |  |  | $ | 12,538 |  |  | $ | 29,401 |  |  | $ | 60,061 |  |  | $ | 1,812 |  |  | $ | 10,890 |  |  | $ | 145,387 |
Charge-offs | (420) |  |  | (136) |  |  | (720) |  |  | (553) |  |  | (168) |  |  | (1,579) |  |  | (3,576) |
Recoveries | 698 |  |  | 31 |  |  | 152 |  |  | 711 |  |  | 1 |  |  | 1,594 |  |  | 3,187 |
Net (charge-offs) recoveries | 278 |  |  | (105) |  |  | (568) |  |  | 158 |  |  | (167) |  |  | 15 |  |  | (389) |
Provision for credit losses on loans | 7,232 |  |  | 1,386 |  |  | 3,872 |  |  | 10,363 |  |  | 187 |  |  | 60 |  |  | 23,100 |
Ending balance | $ | 38,195 |  |  | $ | 13,819 |  |  | $ | 32,705 |  |  | $ | 70,582 |  |  | $ | 1,832 |  |  | $ | 10,965 |  |  | $ | 168,098 |
Nine Months Ended September 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 | (1,969) |  |  | (668) |  |  | (1,083) |  |  | (2,600) |  |  | (168) |  |  | (6,003) |  |  | (12,491) |
Recoveries | 996 |  |  | 31 |  |  | 288 |  |  | 2,451 |  |  | 11 |  |  | 5,816 |  |  | 9,593 |
Net (charge-offs) recoveries | (973) |  |  | (637) |  |  | (795) |  |  | (149) |  |  | (157) |  |  | (187) |  |  | (2,898) |
Provision for credit losses on loans | 17,159 |  |  | 5,922 |  |  | 9,372 |  |  | 41,448 |  |  | 558 |  |  | 1,891 |  |  | 76,350 |
Ending balance | $ | 38,195 |  |  | $ | 13,819 |  |  | $ | 32,705 |  |  | $ | 70,582 |  |  | $ | 1,832 |  |  | $ | 10,965 |  |  | $ | 168,098 |
Period-End Amount Allocated to: |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated | $ | 10,211 |  |  | $ | — |  |  | $ | 275 |  |  | $ | 380 |  |  | $ | — |  |  | $ | 270 |  |  | $ | 11,136 |
Collectively evaluated | 27,984 |  |  | 13,819 |  |  | 32,430 |  |  | 70,202 |  |  | 1,832 |  |  | 10,695 |  |  | 156,962 |
Ending balance | $ | 38,195 |  |  | $ | 13,819 |  |  | $ | 32,705 |  |  | $ | 70,582 |  |  | $ | 1,832 |  |  | $ | 10,965 |  |  | $ | 168,098 |
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated | $ | 17,670 |  |  | $ | — |  |  | $ | 4,718 |  |  | $ | 6,596 |  |  | $ | — |  |  | $ | 618 |  |  | $ | 29,602 |
Collectively evaluated | 2,630,392 |  |  | 773,119 |  |  | 2,755,676 |  |  | 4,570,413 |  |  | 82,928 |  |  | 242,608 |  |  | 11,055,136 |
Ending balance | $ | 2,648,062 |  |  | $ | 773,119 |  |  | $ | 2,760,394 |  |  | $ | 4,577,009 |  |  | $ | 82,928 |  |  | $ | 243,226 |  |  | $ | 11,084,738 |
Nonaccruing loans with no allowance for credit losses | $ | 589 |  |  | $ | — |  |  | $ | 4,147 |  |  | $ | 3,644 |  |  | $ | — |  |  | $ | — |  |  | $ | 8,380 |
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 September 30, 2019 |  |  |  |  |  |  |  |  |  |  |
Allowance for credit losses: |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 9,534 |  |  | $ | 5,302 |  |  | $ | 9,616 |  |  | $ | 24,302 |  |  | $ | 1,305 |  |  | $ | 50,059 |
Charge-offs | (757) |  |  | — |  |  | (268) |  |  | (677) |  |  | (3,263) |  |  | (4,965) |
Recoveries | 761 |  |  | — |  |  | 219 |  |  | 33 |  |  | 3,007 |  |  | 4,020 |
Net (charge-offs) recoveries | 4 |  |  | — |  |  | (49) |  |  | (644) |  |  | (256) |  |  | (945) |
Provision for credit losses on loans | 750 |  |  | (175) |  |  | 282 |  |  | 381 |  |  | 462 |  |  | 1,700 |
Ending balance | $ | 10,288 |  |  | $ | 5,127 |  |  | $ | 9,849 |  |  | $ | 24,039 |  |  | $ | 1,511 |  |  | $ | 50,814 |
Nine Months Ended September 30, 2019 |  |  |  |  |  |  |  |  |  |  |
Allowance for credit losses: |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 8,269 |  |  | $ | 4,755 |  |  | $ | 10,139 |  |  | $ | 24,492 |  |  | $ | 1,371 |  |  | $ | 49,026 |
Charge-offs | (1,709) |  |  | — |  |  | (1,143) |  |  | (1,406) |  |  | (3,695) |  |  | (7,953) |
Recoveries | 1,376 |  |  | 7 |  |  | 531 |  |  | 644 |  |  | 3,083 |  |  | 5,641 |
Net (charge-offs) recoveries | (333) |  |  | 7 |  |  | (612) |  |  | (762) |  |  | (612) |  |  | (2,312) |
Provision for credit losses on loans | 2,352 |  |  | 365 |  |  | 322 |  |  | 309 |  |  | 752 |  |  | 4,100 |
Ending balance | $ | 10,288 |  |  | $ | 5,127 |  |  | $ | 9,849 |  |  | $ | 24,039 |  |  | $ | 1,511 |  |  | $ | 50,814 |
Period-End Amount Allocated to: |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment | $ | 1,382 |  |  | $ | 24 |  |  | $ | 186 |  |  | $ | 450 |  |  | $ | 3 |  |  | $ | 2,045 |
Collectively evaluated for impairment | 8,778 |  |  | 5,103 |  |  | 9,313 |  |  | 21,521 |  |  | 1,506 |  |  | 46,221 |
Purchased with deteriorated credit quality | 128 |  |  | — |  |  | 350 |  |  | 2,068 |  |  | 2 |  |  | 2,548 |
Ending balance | $ | 10,288 |  |  | $ | 5,127 |  |  | $ | 9,849 |  |  | $ | 24,039 |  |  | $ | 1,511 |  |  | $ | 50,814 |
(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 September 30, 2020 |
Allowance for credit losses on unfunded loan commitments: |
Beginning balance | $ | 17,335 |
Provision for credit losses on unfunded loan commitments (included in other noninterest expense) | 2,700 |
Ending balance | $ | 20,035 |
Nine Months Ended September 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) | 8,700 |
Ending balance | $ | 20,035 |

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