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v3.22.1

Allowance for Credit Losses (Tables) | 3 Months Ended
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Mar. 31, 2022
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, 2022 |  | December 31, 2021
Commercial, financial, agricultural(1) | $ | 1,336,239 |  |  | $ | 1,332,962 |
Lease financing | 94,954 |  |  | 80,192 |
Real estate – construction: |  |  |
Residential | 305,396 |  |  | 300,988 |
Commercial | 911,532 |  |  | 798,914 |
Total real estate – construction | 1,216,928 |  |  | 1,099,902 |
Real estate – 1-4 family mortgage: |  |  |
Primary | 1,803,750 |  |  | 1,682,050 |
Home equity | 424,426 |  |  | 423,108 |
Rental/investment | 274,117 |  |  | 268,245 |
Land development | 142,294 |  |  | 135,070 |
Total real estate – 1-4 family mortgage | 2,644,587 |  |  | 2,508,473 |
Real estate – commercial mortgage: |  |  |
Owner-occupied | 1,318,446 |  |  | 1,329,219 |
Non-owner occupied | 2,510,981 |  |  | 2,446,370 |
Land development | 116,113 |  |  | 110,395 |
Total real estate – commercial mortgage | 3,945,540 |  |  | 3,885,984 |
Installment loans to individuals | 105,754 |  |  | 107,565 |
Gross loans | 9,344,002 |  |  | 9,015,078 |
Unearned income | (5,112) |  |  | (4,067) |
Loans, net of unearned income | $ | 9,338,890 |  |  | $ | 9,011,011 |
(1)Includes Paycheck Protection Program (“PPP”) loans of $8,382 and $58,391 as of March 31, 2022 and December 31, 2021, respectively. The following is a summary of purchased loans as of the dates presented:
| March 31, 2022 |  | December 31, 2021
Commercial, financial, agricultural | $ | 109,368 |  |  | $ | 90,308 |
Real estate – construction: |  |  |
Residential | 1,259 |  |  | 1,287 |
Commercial | 3,865 |  |  | 3,707 |
Total real estate – construction | 5,124 |  |  | 4,994 |
Real estate – 1-4 family mortgage: |  |  |
Primary | 122,063 |  |  | 134,070 |
Home equity | 46,239 |  |  | 51,496 |
Rental/investment | 18,694 |  |  | 20,229 |
Land development | 9,396 |  |  | 9,978 |
Total real estate – 1-4 family mortgage | 196,392 |  |  | 215,773 |
Real estate – commercial mortgage: |  |  |
Owner-occupied | 220,247 |  |  | 234,132 |
Non-owner occupied | 396,135 |  |  | 410,577 |
Land development | 15,942 |  |  | 18,344 |
Total real estate – commercial mortgage | 632,324 |  |  | 663,053 |
Installment loans to individuals | 31,361 |  |  | 35,775 |
Loans | $ | 974,569 |  |  | $ | 1,009,903 |
The following is a summary of total non purchased and purchased loans as of the dates presented:
| March 31, 2022 |  | December 31, 2021
Commercial, financial, agricultural (1) | $ | 1,445,607 |  |  | $ | 1,423,270 |
Lease financing | 94,954 |  |  | 80,192 |
Real estate – construction: |  |  |
Residential | 306,655 |  |  | 302,275 |
Commercial | 915,397 |  |  | 802,621 |
Total real estate – construction | 1,222,052 |  |  | 1,104,896 |
Real estate – 1-4 family mortgage: |  |  |
Primary | 1,925,813 |  |  | 1,816,120 |
Home equity | 470,665 |  |  | 474,604 |
Rental/investment | 292,811 |  |  | 288,474 |
Land development | 151,690 |  |  | 145,048 |
Total real estate – 1-4 family mortgage | 2,840,979 |  |  | 2,724,246 |
Real estate – commercial mortgage: |  |  |
Owner-occupied | 1,538,693 |  |  | 1,563,351 |
Non-owner occupied | 2,907,116 |  |  | 2,856,947 |
Land development | 132,055 |  |  | 128,739 |
Total real estate – commercial mortgage | 4,577,864 |  |  | 4,549,037 |
Installment loans to individuals | 137,115 |  |  | 143,340 |
Gross loans | 10,318,571 |  |  | 10,024,981 |
Unearned income | (5,112) |  |  | (4,067) |
Loans, net of unearned income | 10,313,459 |  |  | 10,020,914 |
Allowance for credit losses on loans | (166,468) |  |  | (164,171) |
Net loans | $ | 10,146,991 |  |  | $ | 9,856,743 |
(1)Includes Paycheck Protection Program (“PPP”) loans of $8,382 and $58,391 as of March 31, 2022 and December 31, 2021, respectively.
Roll forward of the allowance for loan losses | The following tables provide 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 March 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for credit losses: |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 33,922 |  |  | $ | 16,419 |  |  | $ | 32,356 |  |  | $ | 68,940 |  |  | $ | 1,486 |  |  | $ | 11,048 |  |  | $ | 164,171 |
Impact of PCD loans acquired during the period | 1,648 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,648 |
Charge-offs | (2,102) |  |  | — |  |  | (163) |  |  | (6) |  |  | (7) |  |  | (779) |  |  | (3,057) |
Recoveries | 1,136 |  |  | — |  |  | 178 |  |  | 155 |  |  | 12 |  |  | 725 |  |  | 2,206 |
Net (charge-offs) recoveries | (966) |  |  | — |  |  | 15 |  |  | 149 |  |  | 5 |  |  | (54) |  |  | (851) |
Provision for credit losses on loans | (998) |  |  | 1,992 |  |  | 4,477 |  |  | (3,858) |  |  | 91 |  |  | (204) |  |  | 1,500 |
Ending balance | $ | 33,606 |  |  | $ | 18,411 |  |  | $ | 36,848 |  |  | $ | 65,231 |  |  | $ | 1,582 |  |  | $ | 10,790 |  |  | $ | 166,468 |
Period-End Amount Allocated to: |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated | $ | 9,225 |  |  | $ | — |  |  | $ | 396 |  |  | $ | 2,660 |  |  | $ | — |  |  | $ | 570 |  |  | $ | 12,851 |
Collectively evaluated | 24,381 |  |  | 18,411 |  |  | 36,452 |  |  | 62,571 |  |  | 1,582 |  |  | 10,220 |  |  | 153,617 |
Ending balance | $ | 33,606 |  |  | $ | 18,411 |  |  | $ | 36,848 |  |  | $ | 65,231 |  |  | $ | 1,582 |  |  | $ | 10,790 |  |  | $ | 166,468 |
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated | $ | 13,070 |  |  | $ | — |  |  | $ | 4,477 |  |  | $ | 15,464 |  |  | $ | — |  |  | $ | 570 |  |  | $ | 33,581 |
Collectively evaluated | 1,432,537 |  |  | 1,222,052 |  |  | 2,836,502 |  |  | 4,562,400 |  |  | 89,842 |  |  | 136,545 |  |  | 10,279,878 |
Ending balance | $ | 1,445,607 |  |  | $ | 1,222,052 |  |  | $ | 2,840,979 |  |  | $ | 4,577,864 |  |  | $ | 89,842 |  |  | $ | 137,115 |  |  | $ | 10,313,459 |
Nonaccruing loans with no allowance for credit losses | $ | 435 |  |  | $ | — |  |  | $ | 2,614 |  |  | $ | 5,298 |  |  | $ | — |  |  | $ | 2 |  |  | $ | 8,349 |
| 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, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for credit losses: |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 39,031 |  |  | $ | 16,047 |  |  | $ | 32,165 |  |  | $ | 76,127 |  |  | $ | 1,624 |  |  | $ | 11,150 |  |  | $ | 176,144 |
Charge-offs | (3,498) |  |  | (52) |  |  | (101) |  |  | (61) |  |  | — |  |  | (1,658) |  |  | (5,370) |
Recoveries | 289 |  |  | 13 |  |  | 261 |  |  | 171 |  |  | 11 |  |  | 1,587 |  |  | 2,332 |
Net (charge-offs) recoveries | (3,209) |  |  | (39) |  |  | 160 |  |  | 110 |  |  | 11 |  |  | (71) |  |  | (3,038) |
Provision for credit losses on loans | 1,770 |  |  | (1,031) |  |  | (631) |  |  | (12) |  |  | (89) |  |  | (7) |  |  | — |
Ending balance | $ | 37,592 |  |  | $ | 14,977 |  |  | $ | 31,694 |  |  | $ | 76,225 |  |  | $ | 1,546 |  |  | $ | 11,072 |  |  | $ | 173,106 |
Period-End Amount Allocated to: |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated | $ | 9,908 |  |  | $ | — |  |  | $ | 232 |  |  | $ | 4,846 |  |  | $ | — |  |  | $ | 607 |  |  | $ | 15,593 |
Collectively evaluated | 27,684 |  |  | 14,977 |  |  | 31,462 |  |  | 71,379 |  |  | 1,546 |  |  | 10,465 |  |  | 157,513 |
Ending balance | $ | 37,592 |  |  | $ | 14,977 |  |  | $ | 31,694 |  |  | $ | 76,225 |  |  | $ | 1,546 |  |  | $ | 11,072 |  |  | $ | 173,106 |
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated | $ | 15,435 |  |  | $ | — |  |  | $ | 6,311 |  |  | $ | 18,508 |  |  | $ | — |  |  | $ | 621 |  |  | $ | 40,875 |
Collectively evaluated | 2,233,852 |  |  | 955,918 |  |  | 2,679,750 |  |  | 4,530,519 |  |  | 75,256 |  |  | 172,238 |  |  | 10,647,533 |
Ending balance | $ | 2,249,287 |  |  | $ | 955,918 |  |  | $ | 2,686,061 |  |  | $ | 4,549,027 |  |  | $ | 75,256 |  |  | $ | 172,859 |  |  | $ | 10,688,408 |
Nonaccruing loans with no allowance for credit losses | $ | 1,848 |  |  | $ | — |  |  | $ | 4,695 |  |  | $ | 2,113 |  |  | $ | — |  |  | $ | — |  |  | $ | 8,656 |
Unfunded loan commitments, allowance for credit losses |
Three Months Ended March 31, | 2022 | 2021
Allowance for credit losses on unfunded loan commitments: |  |
Beginning balance | $ | 20,035 |  | $ | 20,535 |
(Recovery of) provision for credit losses on unfunded loan commitments (included in other noninterest expense) | (550) |  | — |
Ending balance | $ | 19,485 |  | $ | 20,535 |

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