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Loans and Lease Finance Receivables and Allowance for Loan Losses (Tables)

3 Months Ended

Mar. 31, 2018

Receivables [Abstract]

Summary of Components of Loans and Lease Finance Receivables, Excluding PCI Loans

The following table provides a summary of the Company’s total loans and lease finance receivables, excluding PCI loans, by type.

		March 31, 2018				December 31, 2017
		(Dollars in thousands)
Commercial and industrial		$	514,229			$	513,325
SBA			123,432				122,055
Real estate:
Commercial real estate			3,411,216				3,376,713
Construction			79,898				77,982
SFR mortgage			237,618				236,202
Dairy & livestock and agribusiness			276,379				347,289
Municipal lease finance receivables			67,892				70,243
Consumer and other loans			64,159				64,229
Gross loans, excluding PCI loans			4,774,823				4,808,038
Less: Deferred loan fees, net			(5,701	)			(6,289	)
Gross loans, excluding PCI loans, net of deferred loan fees			4,769,122				4,801,749
Less: Allowance for loan losses			(59,623	)			(59,218	)
Net loans, excluding PCI loans			4,709,499				4,742,531
PCI Loans			26,935				30,908
Discount on PCI loans			(1,074	)			(2,026	)
Less: Allowance for loan losses			(312	)			(367	)
PCI loans, net			25,549				28,515
Total loans and lease finance receivables		$	4,735,048			$	4,771,046

Summary of Loan, Excluding PCI Loans by Internal Risk Ratings

The following table summarizes loans by type, excluding PCI loans, according to our internal risk ratings for the periods presented.

		March 31, 2018
		Pass				Special Mention				Substandard				Doubtful & Loss				Total
		(Dollars in thousands)
Commercial and industrial		$	486,079			$	17,312			$	10,838			$	-			$	514,229
SBA			114,632				5,294				3,506				-				123,432
Real estate:
Commercial real estate
Owner occupied			1,017,210				73,607				4,913				-				1,095,730
Non-owner occupied			2,291,202				18,337				5,947				-				2,315,486
Construction
Speculative			63,544				-				-				-				63,544
Non-speculative			16,354				-				-				-				16,354
SFR mortgage			230,517				3,100				4,001				-				237,618
Dairy & livestock and agribusiness			253,498				12,706				10,175				-				276,379
Municipal lease finance receivables			67,324				568				-				-				67,892
Consumer and other loans			62,225				1,113				821				-				64,159
Total gross loans, excluding PCI loans		$	4,602,585			$	132,037			$	40,201			$	-			$	4,774,823
		December 31, 2017
		Pass				Special Mention				Substandard				Doubtful & Loss				Total
		(Dollars in thousands)
Commercial and industrial		$	483,641			$	19,566			$	10,118			$	-			$	513,325
SBA			112,835				5,358				3,862				-				122,055
Real estate:
Commercial real estate
Owner occupied			1,009,199				76,111				10,970				-				1,096,280
Non-owner occupied			2,257,130				16,434				6,869				-				2,280,433
Construction
Speculative			60,042				-				-				-				60,042
Non-speculative			17,940				-				-				-				17,940
SFR mortgage			229,032				3,124				4,046				-				236,202
Dairy & livestock and agribusiness			321,413				9,047				16,829				-				347,289
Municipal lease finance receivables			69,644				599				-				-				70,243
Consumer and other loans			61,715				1,255				1,259				-				64,229
Total gross loans, excluding PCI loans		$	4,622,591			$	131,494			$	53,953			$	-			$	4,808,038

Schedule of Balance and Activity Related to Allowance for Loan Losses for Held-for-Investment Loans by Type

The following tables present the balance and activity related to the allowance for loan losses for held-for-investment loans by type for the periods presented.

		For the Three Months Ended March 31, 2018
		Ending Balance December 31, 2017				Charge-offs				Recoveries				(Recapture of) Provision for Loan Losses				Ending Balance March 31, 2018
		(Dollars in thousands)
Commercial and industrial		$	7,280			$	-			$	10			$	209			$	7,499
SBA			869				-				5				10				884
Real estate:
Commercial real estate			41,722				-				-				141				41,863
Construction			984				-				1,334				(1,331	)			987
SFR mortgage			2,112				-				-				90				2,202
Dairy & livestock and agribusiness			4,647				-				-				19				4,666
Municipal lease finance receivables			851				-				-				(17	)			834
Consumer and other loans			753					(7)			8				(66	)			688
PCI loans			367				-				-				(55	)			312
Total allowance for loan losses		$	59,585			$		(7)		$	1,357			$	(1,000	)		$	59,935

		For the Three Months Ended March 31, 2017
		Ending Balance December 31, 2016				Charge-offs				Recoveries				(Recapture of) Provision for Loan Losses				Ending Balance March 31, 2017
		(Dollars in thousands)
Commercial and industrial		$	8,154			$	-			$	52			$	(250	)		$	7,956
SBA			871				-				4				(4	)			871
Real estate:
Commercial real estate			37,443				-				-				1,543				38,986
Construction			1,096				-				2,025				(2,301	)			820
SFR mortgage			2,287				-				64				(165	)			2,186
Dairy & livestock and agribusiness			8,541				-				-				(2,699	)			5,842
Municipal lease finance receivables			941				-				-				(52	)			889
Consumer and other loans			988				(2	)			29				(78	)			937
PCI loans			1,219				-				-				(494	)			725
Total allowance for loan losses		$	61,540			$	(2	)		$	2,174			$	(4,500	)		$	59,212

Schedule of Recorded Investment in Loans Held-for-Investment and Related Allowance for Loan Losses by Loan Type

The following tables present the recorded investment in loans held-for-investment and the related allowance for loan losses by loan type, based on the Company’s methodology for determining the allowance for loan losses for the periods presented. Acquired loans are also supported by a credit discount established through the determination of fair value for the acquired loan portfolio.

		March 31, 2018
		Recorded Investment in Loans												Allowance for Loan Losses
		Individually  Evaluated for  Impairment				Collectively  Evaluated for  Impairment				Acquired with Deterioriated  Credit Quality				Individually   Evaluated for   Impairment				Collectively   Evaluated for   Impairment				Acquired with Deterioriated  Credit Quality
										(Dollars in thousands)
Commercial and industrial		$	432			$	513,797			$	-			$	-			$	7,499			$	-
SBA			1,201				122,231				-				-				884				-
Real estate:
Commercial real estate			7,992				3,403,224				-				-				41,863				-
Construction			-				79,898				-				-				987				-
SFR mortgage			3,576				234,042				-				-				2,202				-
Dairy & livestock and agribusiness			818				275,561				-				-				4,666				-
Municipal lease finance receivables			-				67,892				-				-				834				-
Consumer and other loans			438				63,721				-				-				688				-
PCI loans			-				-				25,861				-				-				312
Total		$	14,457			$	4,760,366			$	25,861			$	-			$	59,623			$	312
		March 31, 2017
		Recorded Investment in Loans												Allowance for Loan Losses
		Individually Evaluated for Impairment				Collectively Evaluated for Impairment				Acquired with Deterioriated Credit Quality				Individually Evaluated for Impairment				Collectively Evaluated for Impairment				Acquired with Deterioriated Credit Quality
										(Dollars in thousands)
Commercial and industrial		$	1,150			$	527,795			$	-			$	88			$	7,868			$	-
SBA			1,926				110,764				-				9				862				-
Real estate:
Commercial real estate			20,216				3,199,083				-				-				38,986				-
Construction			384				72,398				-				-				820				-
SFR mortgage			4,248				241,114				-				-				2,186				-
Dairy & livestock and agribusiness			1,324				242,940				-				-				5,842				-
Municipal lease finance receivables			-				62,416				-				-				889				-
Consumer and other loans			801				79,362				-				-				937				-
PCI loans			-				-				56,527				-				-				725
Total		$	30,049			$	4,535,872			$	56,527			$	97			$	58,390			$	725

Schedule of Recorded Investment in, and Aging of, Past Due and Nonaccrual Loans, Excluding PCI Loans by Class of Loans

The following tables present the recorded investment in, and the aging of, past due and nonaccrual loans, excluding PCI loans, by type of loans for the periods presented.

		March 31, 2018
		30-59 Days Past Due				60-89 Days Past Due				Total Past Due  and Accruing				Nonaccrual (1)				Current				Total Loans   and Financing   Receivables
		(Dollars in thousands)
Commercial and industrial		$	-			$	-			$	-			$	272			$	513,957			$	514,229
SBA			-				-				-				589				122,843				123,432
Real estate:
Commercial real estate
Owner occupied			-				-				-				4,332				1,091,398				1,095,730
Non-owner occupied			-				-				-				2,414				2,313,072				2,315,486
Construction
Speculative (2)			-				-				-				-				63,544				63,544
Non-speculative			-				-				-				-				16,354				16,354
SFR mortgage			680				-				680				1,309				235,629				237,618
Dairy & livestock and agribusiness			-				-				-				818				275,561				276,379
Municipal lease finance receivables			-				-				-				-				67,892				67,892
Consumer and other loans			63				-				63				438				63,658				64,159
Total gross loans, excluding PCI loans		$	743			$	-			$	743			$	10,172			$	4,763,908			$	4,774,823

(1) As of March 31, 2018, $3.6 million of nonaccruing loans were current, $431,000 were 30-59 days past due, and $6.2 million were 90+ days past due.

(2) Speculative construction loans are generally for properties where there is no identified buyer or renter.

		December 31, 2017
		30-59 Days Past Due				60-89 Days Past Due				Total Past Due  and Accruing				Nonaccrual (1)				Current				Total Loans   and Financing   Receivables
		(Dollars in thousands)
Commercial and industrial		$	768			$	-			$	768			$	250			$	512,307			$	513,325
SBA			403				-				403				906				120,746				122,055
Real estate:
Commercial real estate
Owner occupied			-				-				-				4,365				1,091,915				1,096,280
Non-owner occupied			-				-				-				2,477				2,277,956				2,280,433
Construction
Speculative (2)			-				-				-				-				60,042				60,042
Non-speculative			-				-				-				-				17,940				17,940
SFR mortgage			-				-				-				1,337				234,865				236,202
Dairy & livestock and agribusiness			-				-				-				829				346,460				347,289
Municipal lease finance receivables			-				-				-				-				70,243				70,243
Consumer and other loans			1				-				1				552				63,676				64,229
Total gross loans, excluding PCI loans		$	1,172			$	-			$	1,172			$	10,716			$	4,796,150			$	4,808,038

(1) As of December 31, 2017, $3.6 million of nonaccruing loans were current, $376,000 were 60-89 days past due and $6.8 million were 90+ days past due.

(2) Speculative construction loans are generally for properties where there is no identified buyer or renter.

Schedule of Held-for-Investment Loans, Excluding PCI Loans, Individually Evaluated for Impairment by Class of Loans

The following tables present information for held-for-investment loans, excluding PCI loans, individually evaluated for impairment by type of loans, as and for the periods presented.

		As of and For the Three Months Ended
		March 31, 2018
		Recorded Investment				Unpaid Principal Balance				Related Allowance				Average Recorded Investment				Interest Income Recognized
		(Dollars in thousands)
With no related allowance recorded:
Commercial and industrial		$	432			$	986			$	-			$	461			$	2
SBA			1,201				1,327				-				1,220				12
Real estate:
Commercial real estate
Owner occupied			4,332				4,755				-				4,348				-
Non-owner occupied			3,660				5,033				-				3,715				22
Construction
Speculative			-				-				-				-				-
Non-speculative			-				-				-				-				-
SFR mortgage			3,576				4,236				-				3,599				25
Dairy & livestock and agribusiness			818				1,091				-				826				-
Municipal lease finance receivables			-				-				-				-				-
Consumer and other loans			438				640				-				519				-
Total			14,457				18,068				-				14,688				61
With a related allowance recorded:
Commercial and industrial			-				-				-				-				-
SBA			-				-				-				-				-
Real estate:
Commercial real estate
Owner occupied			-				-				-				-				-
Non-owner occupied			-				-				-				-				-
Construction
Speculative			-				-				-				-				-
Non-speculative			-				-				-				-				-
SFR mortgage			-				-				-				-				-
Dairy & livestock and agribusiness			-				-				-				-				-
Municipal lease finance receivables			-				-				-				-				-
Consumer and other loans			-				-				-				-				-
Total			-				-				-				-				-
Total impaired loans		$	14,457			$	18,068			$	-			$	14,688			$	61
		As of and For the Three Months Ended
		March 31, 2017
		Recorded Investment				Unpaid Principal Balance				Related Allowance				Average Recorded Investment				Interest Income Recognized
		(Dollars in thousands)
With no related allowance recorded:
Commercial and industrial		$	1,015			$	1,985			$	-			$	1,045			$	6
SBA			1,917				2,272				-				1,960				16
Real estate:
Commercial real estate
Owner occupied			6,669				7,081				-				6,434				32
Non-owner occupied			13,547				16,198				-				13,479				401
Construction
Speculative			384				402				-				384				-
Non-speculative			-				-				-				-				-
SFR mortgage			4,248				5,024				-				4,259				34
Dairy & livestock and agribusiness			1,324				1,610				-				1,839				1
Municipal lease finance receivables			-				-				-				-				-
Consumer and other loans			801				1,379				-				809				5
Total			29,905				35,951				-				30,209				495
With a related allowance recorded:
Commercial and industrial			135				136				88				152				2
SBA			9				25				9				10				-
Real estate:
Commercial real estate
Owner occupied			-				-				-				-				-
Non-owner occupied			-				-				-				-				-
Construction
Speculative			-				-				-				-				-
Non-speculative			-				-				-				-				-
SFR mortgage			-				-				-				-				-
Dairy & livestock and agribusiness			-				-				-				-				-
Municipal lease finance receivables			-				-				-				-				-
Consumer and other loans			-				-				-				-				-
Total			144				161				97				162				2
Total impaired loans		$	30,049			$	36,112			$	97			$	30,371			$	497

		As of December 31, 2017
		Recorded Investment				Unpaid Principal Balance				Related Allowance
		(Dollars in thousands)
With no related allowance recorded:
Commercial and industrial		$	440			$	980			$	-
SBA			1,530				1,699				-
Real estate:
Commercial real estate
Owner occupied			4,365				4,763				-
Non-owner occupied			3,768				5,107				-
Construction
Speculative			-				-				-
Non-speculative			-				-				-
SFR mortgage			4,040				4,692				-
Dairy & livestock and agribusiness			829				1,091				-
Municipal lease finance receivables			-				-				-
Consumer and other loans			174				370				-
Total			15,146				18,702				-
With a related allowance recorded:
Commercial and industrial			-				-				-
SBA			1				18				1
Real estate:
Commercial real estate
Owner occupied			-				-				-
Non-owner occupied			-				-				-
Construction
Speculative			-				-				-
Non-speculative			-				-				-
SFR mortgage			-				-				-
Dairy & livestock and agribusiness			-				-				-
Municipal lease finance receivables			-				-				-
Consumer and other loans			378				391				74
Total			379				409				75
Total impaired loans		$	15,525			$	19,111			$	75

Summary of Activity Related to Troubled Debt Restructurings

The following table provides a summary of the activity related to TDRs for the periods presented.

		For the Three Months Ended
		March 31,
		2018				2017
		(Dollars in thousands)
Performing TDRs:
Beginning balance		$	4,809			$	19,233
New modifications			-				3,143
Payoffs/payments, net and other			(524	)			(3,003	)
TDRs returned to accrual status			-				329
TDRs placed on nonaccrual status			-				-
Ending balance		$	4,285			$	19,702
Nonperforming TDRs:
Beginning balance		$	4,200			$	1,626
New modifications			-				2,066
Charge-offs			-				-
Payoffs/payments, net and other			(291	)			(1,956	)
TDRs returned to accrual status			-				(329	)
TDRs placed on nonaccrual status			-				-
Ending balance		$	3,909			$	1,407
Total TDRs		$	8,194			$	21,109

Summary of Loans Modified as Troubled Debt Restructurings

The following table summarizes loans modified as troubled debt restructurings for the period presented.

Modifications (1)
		For the Three Months Ended March 31, 2017
		Number of Loans				Pre-Modification Outstanding Recorded Investment				Post-Modification Outstanding Recorded Investment				Outstanding Recorded Investment at March 31, 2017				Financial Effect Resulting From Modifications (2)
		(Dollars in thousands)
Commercial and industrial:
Interest rate reduction			-			$	-			$	-			$	-			$	-
Change in amortization period or maturity			-				-				-				-				-
SBA:
Interest rate reduction			-				-				-				-				-
Change in amortization period or maturity			-				-				-				-				-
Real estate:
Commercial real estate:
Owner occupied
Interest rate reduction			-				-				-				-				-
Change in amortization period or maturity			1				3,143				3,143				3,143				-
Non-owner occupied
Interest rate reduction			-				-				-				-				-
Change in amortization period or maturity			-				-				-				-				-
Dairy & livestock and agribusiness:
Interest rate reduction			-				-				-				-				-
Change in amortization period or maturity			1				1,984				1,984				78				-
Consumer:
Interest rate reduction			-				-				-				-				-
Change in amortization period or maturity			1				82				82				80				-
Total loans			3			$	5,209			$	5,209			$	3,301			$	-

(1) The tables above exclude modified loans that were paid off prior to the end of the period.

(2) Financial effects resulting from modifications represent charge-offs and specific allowance recorded at modification date.

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Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 55
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-URI http://asc.fasb.org/extlink&oid=82894031&loc=SL6953803-111525

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-Publisher FASB
-Name Accounting Standards Codification
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Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.3,4)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

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- Definition

Tabular disclosure of financing receivables and troubled debt restructurings.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 33
-URI http://asc.fasb.org/extlink&oid=84173941&loc=SL6953676-111524

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=84173941&loc=SL6953682-111524

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