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Allowance For Loan Losses (Tables) | 6 Months Ended
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Jun. 30, 2020
Financing Receivable, Allowance for Credit Loss, Writeoff, after Recovery [Abstract] |
Activity In The Allowance For Loan Losses | The activity in the allowance for loan losses for the three-month and six-month periods ended June 30, 2020 and June 30, 2019 is summarized in the following tables.
| Three Months Ended June 30, 2020 |  |  |  |  |  |  |  |  |  |  |  |
(In thousands) | Commercial, financial and agricultural |  | Commercial real estate |  | Construction real estate |  | Residential real estate |  | Consumer |  | Leases |  | Total
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 21,544 |  |  | $ | 11,591 |  |  | $ | 5,493 |  |  | $ | 9,017 |  |  | $ | 13,728 |  |  | $ | 130 |  |  | $ | 61,503 |
Charge-offs | 277 |  |  | — |  |  | — |  |  | 71 |  |  | 1,767 |  |  | 15 |  |  | 2,130 |
Recoveries | 180 |  |  | 343 |  |  | 363 |  |  | 172 |  |  | 821 |  |  | — |  |  | 1,879 |
Net charge-offs/(recoveries) | 97 |  |  | (343) |  |  | (363) |  |  | (101) |  |  | 946 |  |  | 15 |  |  | 251 |
Provision | 2,029 |  |  | 4,535 |  |  | 972 |  |  | 1,389 |  |  | 2,842 |  |  | 457 |  |  | 12,224 |
Ending balance | $ | 23,476 |  |  | $ | 16,469 |  |  | $ | 6,828 |  |  | $ | 10,507 |  |  | $ | 15,624 |  |  | $ | 572 |  |  | $ | 73,476 |
| Three Months Ended June 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |
(In thousands) | Commercial, financial and agricultural |  | Commercial real estate |  | Construction real estate |  | Residential real estate |  | Consumer |  | Leases |  | Total
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 17,337 |  |  | $ | 10,193 |  |  | $ | 4,564 |  |  | $ | 9,170 |  |  | $ | 12,104 |  |  | $ | — |  |  | $ | 53,368 |
Charge-offs | 715 |  |  | 339 |  |  | — |  |  | 62 |  |  | 1,812 |  |  | — |  |  | 2,928 |
Recoveries | 164 |  |  | 55 |  |  | 23 |  |  | 160 |  |  | 1,241 |  |  | 1 |  |  | 1,644 |
Net charge-offs/(recoveries) | 551 |  |  | 284 |  |  | (23) |  |  | (98) |  |  | 571 |  |  | (1) |  |  | 1,284 |
Provision/(recovery) | 584 |  |  | 468 |  |  | 478 |  |  | (399) |  |  | 732 |  |  | 56 |  |  | 1,919 |
Ending balance | $ | 17,370 |  |  | $ | 10,377 |  |  | $ | 5,065 |  |  | $ | 8,869 |  |  | $ | 12,265 |  |  | $ | 57 |  |  | $ | 54,003 |
Composition Of The Allowance For Loan Losses | The composition of the allowance for loan losses at June 30, 2020 and December 31, 2019 was as follows:
| June 30, 2020 |  |  |  |  |  |  |  |  |  |  |  |
(In thousands) | Commercial, financial and agricultural |  | Commercial real estate |  | Construction real estate |  | Residential real estate |  | Consumer |  | Leases |  | Total
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |
Ending allowance balance attributed to loans: |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment | $ | 5,239 |  |  | $ | 80 |  |  | $ | — |  |  | $ | 22 |  |  | $ | — |  |  | $ | 467 |  |  | $ | 5,808 |
Collectively evaluated for impairment | 18,196 |  |  | 16,384 |  |  | 6,828 |  |  | 10,425 |  |  | 15,624 |  |  | 105 |  |  | 67,562 |
Acquired with deteriorated credit quality | 41 |  |  | 5 |  |  | — |  |  | 60 |  |  | — |  |  | — |  |  | 106 |
Total ending allowance balance | $ | 23,476 |  |  | $ | 16,469 |  |  | $ | 6,828 |  |  | $ | 10,507 |  |  | $ | 15,624 |  |  | $ | 572 |  |  | $ | 73,476 |
Loan balance: |  |  |  |  |  |  |  |  |  |  |  |  |
Loans individually evaluated for impairment | $ | 30,164 |  |  | $ | 54,031 |  |  | $ | 631 |  |  | $ | 5,257 |  |  | $ | — |  |  | $ | 1,641 |  |  | $ | 91,724 |
Loans collectively evaluated for impairment | 1,706,082 |  |  | 1,570,141 |  |  | 350,239 |  |  | 1,940,206 |  |  | 1,506,433 |  |  | 27,051 |  |  | 7,100,152 |
Loans acquired with deteriorated credit quality | 450 |  |  | 8,453 |  |  | 1,114 |  |  | 2,411 |  |  | 1 |  |  | 140 |  |  | 12,569 |
Total ending loan balance | $ | 1,736,696 |  |  | $ | 1,632,625 |  |  | $ | 351,984 |  |  | $ | 1,947,874 |  |  | $ | 1,506,434 |  |  | $ | 28,832 |  |  | $ | 7,204,445 |
Allowance for loan losses as a percentage of loan balance: |  |  |  |  |  |  |  |  |  |  |  |  |
Loans individually evaluated for impairment | 17.37 | % |  | 0.15 | % |  | — | % |  | 0.42 | % |  | — | % |  | 28.46 | % |  | 6.33 | %
Loans collectively evaluated for impairment | 1.07 | % |  | 1.04 | % |  | 1.95 | % |  | 0.54 | % |  | 1.04 | % |  | 0.39 | % |  | 0.95 | %
Loans acquired with deteriorated credit quality | 9.11 | % |  | 0.06 | % |  | — | % |  | 2.49 | % |  | — | % |  | — | % |  | 0.84 | %
Total | 1.35 | % |  | 1.01 | % |  | 1.94 | % |  | 0.54 | % |  | 1.04 | % |  | 1.98 | % |  | 1.02 | %
Recorded investment: |  |  |  |  |  |  |  |  |  |  |  |  |
Loans individually evaluated for impairment | $ | 30,183 |  |  | $ | 54,071 |  |  | $ | 631 |  |  | $ | 5,257 |  |  | $ | — |  |  | $ | 1,641 |  |  | $ | 91,783 |
Loans collectively evaluated for impairment | 1,711,373 |  |  | 1,576,837 |  |  | 351,293 |  |  | 1,944,228 |  |  | 1,511,053 |  |  | 27,064 |  |  | 7,121,848 |
Loans acquired with deteriorated credit quality | 453 |  |  | 8,547 |  |  | 1,117 |  |  | 2,423 |  |  | 1 |  |  | 140 |  |  | 12,681 |
Total ending recorded investment | $ | 1,742,009 |  |  | $ | 1,639,455 |  |  | $ | 353,041 |  |  | $ | 1,951,908 |  |  | $ | 1,511,054 |  |  | $ | 28,845 |  |  | $ | 7,226,312 |
|  | December 31, 2019 |  |  |  |  |  |  |  |  |  |  |  |
(In thousands) |  | Commercial, financial and agricultural |  | Commercial real estate |  | Construction real estate |  | Residential real estate |  | Consumer |  | Leases |  | Total
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending allowance balance attributed to loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment |  | $ | 5,104 |  |  | $ | 35 |  |  | $ | — |  |  | $ | 42 |  |  | $ | — |  |  | $ | 49 |  |  | $ | 5,230 |
Collectively evaluated for impairment |  | 14,948 |  |  | 10,187 |  |  | 5,311 |  |  | 8,458 |  |  | 12,211 |  |  | 66 |  |  | 51,181 |
Acquired with deteriorated credit quality |  | 151 |  |  | 7 |  |  | — |  |  | 110 |  |  | — |  |  | — |  |  | 268 |
Total ending allowance balance |  | $ | 20,203 |  |  | $ | 10,229 |  |  | $ | 5,311 |  |  | $ | 8,610 |  |  | $ | 12,211 |  |  | $ | 115 |  |  | $ | 56,679 |
Loan balance: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans individually evaluated for impairment |  | $ | 33,077 |  |  | $ | 41,770 |  |  | $ | 453 |  |  | $ | 2,025 |  |  | $ | — |  |  | $ | 134 |  |  | $ | 77,459 |
Loans collectively evaluated for impairment |  | 1,151,073 |  |  | 1,558,550 |  |  | 330,106 |  |  | 1,888,088 |  |  | 1,452,373 |  |  | 29,424 |  |  | 6,409,614 |
Loans acquired with deteriorated credit quality (1) |  | 960 |  |  | 9,093 |  |  | 1,140 |  |  | 2,613 |  |  | 2 |  |  | 523 |  |  | 14,331 |
Total ending loan balance |  | $ | 1,185,110 |  |  | $ | 1,609,413 |  |  | $ | 331,699 |  |  | $ | 1,892,726 |  |  | $ | 1,452,375 |  |  | $ | 30,081 |  |  | $ | 6,501,404 |
Allowance for loan losses as a percentage of loan balance: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans individually evaluated for impairment |  | 15.43 | % |  | 0.08 | % |  | — | % |  | 2.07 | % |  | — | % |  | 36.57 | % |  | 6.75 | %
Loans collectively evaluated for impairment |  | 1.30 | % |  | 0.65 | % |  | 1.61 | % |  | 0.45 | % |  | 0.84 | % |  | 0.22 | % |  | 0.80 | %
Loans acquired with deteriorated credit quality |  | 15.73 | % |  | 0.08 | % |  | — | % |  | 4.21 | % |  | — | % |  | — | % |  | 1.87 | %
Total |  | 1.70 | % |  | 0.64 | % |  | 1.60 | % |  | 0.45 | % |  | 0.84 | % |  | 0.38 | % |  | 0.87 | %
Recorded investment: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans individually evaluated for impairment |  | $ | 33,088 |  |  | $ | 41,791 |  |  | $ | 453 |  |  | $ | 2,025 |  |  | $ | — |  |  | $ | 134 |  |  | $ | 77,491 |
Loans collectively evaluated for impairment |  | 1,155,449 |  |  | 1,564,011 |  |  | 331,161 |  |  | 1,891,941 |  |  | 1,456,687 |  |  | 29,444 |  |  | 6,428,693 |
Loans acquired with deteriorated credit quality (1) |  | 966 |  |  | 9,182 |  |  | 1,143 |  |  | 2,625 |  |  | 2 |  |  | 523 |  |  | 14,441 |
Total ending recorded investment |  | $ | 1,189,503 |  |  | $ | 1,614,984 |  |  | $ | 332,757 |  |  | $ | 1,896,591 |  |  | $ | 1,456,689 |  |  | $ | 30,101 |  |  | $ | 6,520,625 |
(1) Excludes loans acquired with deteriorated credit quality which were individually evaluated for impairment due to additional credit deterioration or modification post acquisition. These loans had a balance of $5,000, a recorded investment of $6,000, and no allowance as of December 31, 2019.
Schedule of High Risk Industries Additional Reserves | A breakout of the pass-rated balances and additional reserve related to these portfolios is detailed in the following table.
| June 30, 2020 |  |  |  |  |  |
(in thousands) | Pass-Rated Balance |  | Pass-Rated Balance - Originated |  | Pass-Rated Balance - Purchased |  | Additional Reserve
Hotels and accommodations | $ | 149,163 |  |  | $ | 138,322 |  |  | $ | 10,841 |  |  | $ | 1,988 |
Restaurants and food service | 49,571 |  |  | 42,856 |  |  | 6,715 |  |  | 973 |
Strip shopping centers | 218,133 |  |  | 181,003 |  |  | 37,130 |  |  | 2,066 |
Total | $ | 416,867 |  |  | $ | 362,181 |  |  | $ | 54,686 |  |  | $ | 5,027 |

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