XML 37 R25.htm IDEA: XBRL DOCUMENT v3.7.0.1
Purchased Credit Impaired ("PCI") Loans (Tables)
 3 Months Ended
Mar. 31, 2017
Covered Loans [Line Items]  
Rollforward of PCI Loans, Net of Allowance for Loan Losses
The following table is a rollforward of PCI loans, net of the allowance for loan losses, for the three months ended March 31, 2017 and 2016.

(in thousands)
Contractual Cashflows
 
Non-accretable Difference
 
Accretable Yield
 
Carrying Amount
Balance December 31, 2016
$
66,003

 
$
18,902

 
$
13,176

 
$
33,925

Acquisitions
70,435

 
11,669

 
8,550

 
50,216

Principal reductions and interest payments
(4,310
)
 
—

 
—

 
(4,310
)
Accretion of loan discount
—

 
—

 
(1,389
)
 
1,389

Changes in contractual and expected cash flows due to remeasurement
3,166

 
(307
)
 
1,165

 
2,308

Reductions due to disposals
(1,341
)
 
(345
)
 
(264
)
 
(732
)
Balance March 31, 2017
$
133,953

 
$
29,919


$
21,238


$
82,796

 
 
 
 
 
 
 
 
Balance December 31, 2015
$
116,689

 
$
26,765

 
$
25,341

 
$
64,583

Principal reductions and interest payments
(5,965
)
 
—

 
—

 
(5,965
)
Accretion of loan discount
—

 
—

 
(1,845
)
 
1,845

Changes in contractual and expected cash flows due to remeasurement
4,012

 
2,375

 
(1,032
)
 
2,669

Reductions due to disposals
(12,869
)
 
(2,127
)
 
(1,518
)
 
(9,224
)
Balance March 31, 2016
$
101,867

 
$
27,013


$
20,946


$
53,908
Covered Loans  
Covered Loans [Line Items]  
Summary of PCI Loans by Category
Below is a summary of PCI loans by category at March 31, 2017 and December 31, 2016:
 
 
March 31, 2017
 
December 31, 2016
(in thousands)
Weighted-
Average
Risk Rating1
Recorded
Investment
PCI Loans
 
Weighted-
Average
Risk Rating1
Recorded
Investment
PCI Loans
Commercial and industrial
5.84
$
4,335

 
5.87
$
3,523

Real estate:
 
 
 
 
 
    Commercial - investor owned
7.00
42,532

 
6.95
8,162

    Commercial - owner occupied
6.47
13,580

 
6.39
11,863

    Construction and land development
6.18
12,914

 
5.80
4,365

    Residential
6.06
14,943

 
5.64
11,792

Total real estate loans
 
83,969

 
 
36,182

Consumer and other
3.50
79

 
1.64
64

    Purchased credit impaired loans
 
$
88,383

 
 
$
39,769

1Risk ratings are based on the borrower's contractual obligation, which is not reflective of the purchase discount.
Summary of Aging of Recorded Investment in Past Due PCI Loans by Portfolio Class and Category
The aging of the recorded investment in past due PCI loans by portfolio class and category at March 31, 2017 and December 31, 2016 is shown below:

 
March 31, 2017
(in thousands)
30-89 Days
 Past Due
 
90 or More
Days
Past Due
 
Total
Past Due
 
Current
 
Total
    Commercial and industrial
$
—

 
$
21

 
$
21

 
$
4,314

 
$
4,335

    Real estate:
 
 
 
 
 
 
 
 
 
       Commercial - investor owned
—

 
—

 
—

 
42,532

 
42,532

       Commercial - owner occupied
—

 
—

 
—

 
13,580

 
13,580

       Construction and land development
—

 
—

 
—

 
12,914

 
12,914

       Residential
403

 
29

 
432

 
14,511

 
14,943

    Consumer and other
—

 
—

 
—

 
79

 
79

          Total
$
403

 
$
50


$
453


$
87,930


$
88,383


 
December 31, 2016
(in thousands)
30-89 Days
 Past Due
 
90 or More
Days
Past Due
 
Total
Past Due
 
Current
 
Total
    Commercial and industrial
$
—

 
$
—

 
$
—

 
$
3,523

 
$
3,523

    Real estate:
 
 
 
 
 
 
 
 
 
       Commercial - investor owned
—

 
—

 
—

 
8,162

 
8,162

       Commercial - owner occupied
—

 
—

 
—

 
11,863

 
11,863

       Construction and land development
—

 
—

 
—

 
4,365

 
4,365

       Residential
169

 
51

 
220

 
11,572

 
11,792

    Consumer and other
—

 
—

 
—

 
64

 
64

          Total
$
169

 
$
51


$
220


$
39,549


$
39,769
Summary of FDIC Loss Share Receivable
.