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v3.22.2.2

Allowance for Credit Losses (Tables) | 9 Months Ended
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Sep. 30, 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:
| September 30, 2022 |  | December 31, 2021
Commercial, financial, agricultural(1) | $ | 1,435,275 |  |  | $ | 1,332,962 |
Lease financing | 108,517 |  |  | 80,192 |
Real estate – construction: |  |  |
Residential | 359,367 |  |  | 300,988 |
Commercial | 848,941 |  |  | 798,914 |
Total real estate – construction | 1,208,308 |  |  | 1,099,902 |
Real estate – 1-4 family mortgage: |  |  |
Primary | 2,041,885 |  |  | 1,682,050 |
Home equity | 456,765 |  |  | 423,108 |
Rental/investment | 306,165 |  |  | 268,245 |
Land development | 151,986 |  |  | 135,070 |
Total real estate – 1-4 family mortgage | 2,956,801 |  |  | 2,508,473 |
Real estate – commercial mortgage: |  |  |
Owner-occupied | 1,368,196 |  |  | 1,329,219 |
Non-owner occupied | 2,963,631 |  |  | 2,446,370 |
Land development | 120,026 |  |  | 110,395 |
Total real estate – commercial mortgage | 4,451,853 |  |  | 3,885,984 |
Installment loans to individuals | 104,246 |  |  | 107,565 |
Gross loans | 10,265,000 |  |  | 9,015,078 |
Unearned income | (5,160) |  |  | (4,067) |
Loans, net of unearned income | $ | 10,259,840 |  |  | $ | 9,011,011 |
(1)Includes Paycheck Protection Program (“PPP”) loans of $5,476 and $58,391 as of September 30, 2022 and December 31, 2021, respectively. The following is a summary of purchased loans as of the dates presented:
| September 30, 2022 |  | December 31, 2021
Commercial, financial, agricultural | $ | 77,816 |  |  | $ | 90,308 |
Real estate – construction: |  |  |
Residential | 387 |  |  | 1,287 |
Commercial | 6,361 |  |  | 3,707 |
Total real estate – construction | 6,748 |  |  | 4,994 |
Real estate – 1-4 family mortgage: |  |  |
Primary | 102,234 |  |  | 134,070 |
Home equity | 42,861 |  |  | 51,496 |
Rental/investment | 16,679 |  |  | 20,229 |
Land development | 9,314 |  |  | 9,978 |
Total real estate – 1-4 family mortgage | 171,088 |  |  | 215,773 |
Real estate – commercial mortgage: |  |  |
Owner-occupied | 194,756 |  |  | 234,132 |
Non-owner occupied | 356,485 |  |  | 410,577 |
Land development | 13,571 |  |  | 18,344 |
Total real estate – commercial mortgage | 564,812 |  |  | 663,053 |
Installment loans to individuals | 24,700 |  |  | 35,775 |
Loans | $ | 845,164 |  |  | $ | 1,009,903 |
The following is a summary of total non purchased and purchased loans as of the dates presented:
| September 30, 2022 |  | December 31, 2021
Commercial, financial, agricultural (1) | $ | 1,513,091 |  |  | $ | 1,423,270 |
Lease financing | 108,517 |  |  | 80,192 |
Real estate – construction: |  |  |
Residential | 359,754 |  |  | 302,275 |
Commercial | 855,302 |  |  | 802,621 |
Total real estate – construction | 1,215,056 |  |  | 1,104,896 |
Real estate – 1-4 family mortgage: |  |  |
Primary | 2,144,119 |  |  | 1,816,120 |
Home equity | 499,626 |  |  | 474,604 |
Rental/investment | 322,844 |  |  | 288,474 |
Land development | 161,300 |  |  | 145,048 |
Total real estate – 1-4 family mortgage | 3,127,889 |  |  | 2,724,246 |
Real estate – commercial mortgage: |  |  |
Owner-occupied | 1,562,952 |  |  | 1,563,351 |
Non-owner occupied | 3,320,116 |  |  | 2,856,947 |
Land development | 133,597 |  |  | 128,739 |
Total real estate – commercial mortgage | 5,016,665 |  |  | 4,549,037 |
Installment loans to individuals | 128,946 |  |  | 143,340 |
Gross loans | 11,110,164 |  |  | 10,024,981 |
Unearned income | (5,160) |  |  | (4,067) |
Loans, net of unearned income | 11,105,004 |  |  | 10,020,914 |
Allowance for credit losses on loans | (174,356) |  |  | (164,171) |
Net loans | $ | 10,930,648 |  |  | $ | 9,856,743 |
(1)Includes Paycheck Protection Program (“PPP”) loans of $5,476 and $58,391 as of September 30, 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 September 30, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for credit losses: |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 30,193 |  |  | $ | 17,290 |  |  | $ | 41,910 |  |  | $ | 64,373 |  |  | $ | 1,802 |  |  | $ | 10,563 |  |  | $ | 166,131 |
Charge-offs | (373) |  |  | — |  |  | (208) |  |  | (1,956) |  |  | — |  |  | (722) |  |  | (3,259) |
Recoveries | 415 |  |  | — |  |  | 378 |  |  | 50 |  |  | 113 |  |  | 728 |  |  | 1,684 |
Net (charge-offs) recoveries | 42 |  |  | — |  |  | 170 |  |  | (1,906) |  |  | 113 |  |  | 6 |  |  | (1,575) |
(Recovery of) provision for credit losses on loans | 268 |  |  | 1,454 |  |  | 1,452 |  |  | 6,800 |  |  | 399 |  |  | (573) |  |  | 9,800 |
Ending balance | $ | 30,503 |  |  | $ | 18,744 |  |  | $ | 43,532 |  |  | $ | 69,267 |  |  | $ | 2,314 |  |  | $ | 9,996 |  |  | $ | 174,356 |
Nine Months Ended September 30, 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 | (4,714) |  |  | — |  |  | (532) |  |  | (2,670) |  |  | (7) |  |  | (2,351) |  |  | (10,274) |
Recoveries | 1,982 |  |  | — |  |  | 725 |  |  | 397 |  |  | 136 |  |  | 2,271 |  |  | 5,511 |
Net (charge-offs) recoveries | (2,732) |  |  | — |  |  | 193 |  |  | (2,273) |  |  | 129 |  |  | (80) |  |  | (4,763) |
(Recovery of) provision for credit losses on loans | (2,335) |  |  | 2,325 |  |  | 10,983 |  |  | 2,600 |  |  | 699 |  |  | (972) |  |  | 13,300 |
Ending balance | $ | 30,503 |  |  | $ | 18,744 |  |  | $ | 43,532 |  |  | $ | 69,267 |  |  | $ | 2,314 |  |  | $ | 9,996 |  |  | $ | 174,356 |
Period-End Amount Allocated to: |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated | $ | 4,064 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,649 |  |  | $ | — |  |  | $ | 370 |  |  | $ | 7,083 |
Collectively evaluated | 26,439 |  |  | 18,744 |  |  | 43,532 |  |  | 66,618 |  |  | 2,314 |  |  | 9,626 |  |  | 167,273 |
Ending balance | $ | 30,503 |  |  | $ | 18,744 |  |  | $ | 43,532 |  |  | $ | 69,267 |  |  | $ | 2,314 |  |  | $ | 9,996 |  |  | $ | 174,356 |
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated | $ | 9,088 |  |  | $ | 153 |  |  | $ | 5,965 |  |  | $ | 19,043 |  |  | $ | — |  |  | $ | 370 |  |  | $ | 34,619 |
Collectively evaluated | 1,504,003 |  |  | 1,214,903 |  |  | 3,121,924 |  |  | 4,997,622 |  |  | 103,357 |  |  | 128,576 |  |  | 11,070,385 |
Ending balance | $ | 1,513,091 |  |  | $ | 1,215,056 |  |  | $ | 3,127,889 |  |  | $ | 5,016,665 |  |  | $ | 103,357 |  |  | $ | 128,946 |  |  | $ | 11,105,004 |
Nonaccruing loans with no allowance for credit losses | $ | 429 |  |  | $ | 153 |  |  | $ | 5,809 |  |  | $ | 4,633 |  |  | $ | — |  |  | $ | 2 |  |  | $ | 11,026 |
| 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, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for credit losses: |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 36,994 |  |  | $ | 15,729 |  |  | $ | 31,303 |  |  | $ | 74,893 |  |  | $ | 1,511 |  |  | $ | 11,924 |  |  | $ | 172,354 |
Charge-offs | (1,225) |  |  | — |  |  | (276) |  |  | (184) |  |  | (13) |  |  | (1,281) |  |  | (2,979) |
Recoveries | 418 |  |  | — |  |  | 193 |  |  | 190 |  |  | 11 |  |  | 1,051 |  |  | 1,863 |
Net (charge-offs) recoveries | (807) |  |  | — |  |  | (83) |  |  | 6 |  |  | (2) |  |  | (230) |  |  | (1,116) |
(Recovery of) Provision for credit losses on loans | (1,210) |  |  | 440 |  |  | 961 |  |  | (1,004) |  |  | 61 |  |  | (448) |  |  | (1,200) |
Ending balance | $ | 34,977 |  |  | $ | 16,169 |  |  | $ | 32,181 |  |  | $ | 73,895 |  |  | $ | 1,570 |  |  | $ | 11,246 |  |  | $ | 170,038 |
Nine Months Ended September 30, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for credit losses: |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 39,031 |  |  | $ | 16,047 |  |  | $ | 32,165 |  |  | $ | 76,127 |  |  | $ | 1,624 |  |  | $ | 11,150 |  |  | $ | 176,144 |
Charge-offs | (5,907) |  |  | (52) |  |  | (529) |  |  | (416) |  |  | (13) |  |  | (4,286) |  |  | (11,203) |
Recoveries | 940 |  |  | 13 |  |  | 855 |  |  | 504 |  |  | 36 |  |  | 3,949 |  |  | 6,297 |
Net (charge-offs) recoveries | (4,967) |  |  | (39) |  |  | 326 |  |  | 88 |  |  | 23 |  |  | (337) |  |  | (4,906) |
(Recovery of) Provision for credit losses on loans | 913 |  |  | 161 |  |  | (310) |  |  | (2,320) |  |  | (77) |  |  | 433 |  |  | (1,200) |
Ending balance | $ | 34,977 |  |  | $ | 16,169 |  |  | $ | 32,181 |  |  | $ | 73,895 |  |  | $ | 1,570 |  |  | $ | 11,246 |  |  | $ | 170,038 |
Period-End Amount Allocated to: |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated | $ | 9,717 |  |  | $ | — |  |  | $ | 206 |  |  | $ | 5,968 |  |  | $ | — |  |  | $ | 607 |  |  | $ | 16,498 |
Collectively evaluated | 25,260 |  |  | 16,169 |  |  | 31,975 |  |  | 67,927 |  |  | 1,570 |  |  | 10,639 |  |  | 153,540 |
Ending balance | $ | 34,977 |  |  | $ | 16,169 |  |  | $ | 32,181 |  |  | $ | 73,895 |  |  | $ | 1,570 |  |  | $ | 11,246 |  |  | $ | 170,038 |
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated | $ | 15,193 |  |  | $ | — |  |  | $ | 5,311 |  |  | $ | 19,120 |  |  | $ | — |  |  | $ | 617 |  |  | $ | 40,241 |
Collectively evaluated | 1,420,826 |  |  | 1,091,296 |  |  | 2,719,432 |  |  | 4,516,610 |  |  | 79,215 |  |  | 149,204 |  |  | 9,976,583 |
Ending balance | $ | 1,436,019 |  |  | $ | 1,091,296 |  |  | $ | 2,724,743 |  |  | $ | 4,535,730 |  |  | $ | 79,215 |  |  | $ | 149,821 |  |  | $ | 10,016,824 |
Nonaccruing loans with no allowance for credit losses | $ | 2,658 |  |  | $ | — |  |  | $ | 3,039 |  |  | $ | 2,865 |  |  | $ | — |  |  | $ | 10 |  |  | $ | 8,572 |
Unfunded loan commitments, allowance for credit losses | The following table provides a roll-forward of the allowance for credit losses on unfunded loan commitments for the periods presented.
Three Months Ended September 30, | 2022 | 2021
Allowance for credit losses on unfunded loan commitments: |  |
Beginning balance | $ | 19,935 |  | $ | 20,535 |
Provision for (recovery of provision for) credit losses on unfunded loan commitments (included in other noninterest expense) | — |  | (200) |
Ending balance | $ | 19,935 |  | $ | 20,335 |
Nine Months Ended September 30, | 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) | (100) |  | (200) |
Ending balance | $ | 19,935 |  | $ | 20,335 |

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