XML 39 R25.htm IDEA: XBRL DOCUMENT v3.8.0.1
Purchased Credit Impaired ("PCI") Loans (Tables)
 9 Months Ended
Sep. 30, 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 nine months ended September 30, 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
68,763

 
14,296

 
5,312

 
49,155

Principal reductions and interest payments
(16,319
)
 
—

 
—

 
(16,319
)
Accretion of loan discount
—

 
—

 
(5,473
)
 
5,473

Changes in contractual and expected cash flows due to remeasurement
11,110

 
(702
)
 
3,776

 
8,036

Reductions due to disposals
(6,393
)
 
(1,612
)
 
(1,595
)
 
(3,186
)
Balance September 30, 2017
$
123,164

 
$
30,884


$
15,196


$
77,084

 
 
 
 
 
 
 
 
Balance December 31, 2015
$
116,689

 
$
26,765

 
$
25,341

 
$
64,583

Principal reductions and interest payments
(20,417
)
 
—

 
—

 
(20,417
)
Accretion of loan discount
—

 
—

 
(4,984
)
 
4,984

Changes in contractual and expected cash flows due to remeasurement
9,194

 
975

 
(1,043
)
 
9,262

Reductions due to disposals
(27,888
)
 
(6,779
)
 
(3,713
)
 
(17,396
)
Balance September 30, 2016
$
77,578

 
$
20,961


$
15,601


$
41,016
Covered Loans  
Covered Loans [Line Items]  
Summary of PCI Loans by Category
Below is a summary of PCI loans by category at September 30, 2017 and December 31, 2016:
 
 
September 30, 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
6.26
$
3,676

 
5.87
$
3,523

Real estate:
 
 
 
 
 
    Commercial - investor owned
7.29
45,865

 
6.95
8,162

    Commercial - owner occupied
6.50
11,786

 
6.39
11,863

    Construction and land development
5.93
7,927

 
5.80
4,365

    Residential
6.05
12,661

 
5.64
11,792

Total real estate loans
 
78,239

 
 
36,182

Consumer and other
2.99
67

 
1.64
64

    Purchased credit impaired loans
 
$
81,982

 
 
$
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 September 30, 2017 and December 31, 2016 is shown below:

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

 
$
—

 
$
—

 
$
3,676

 
$
3,676

    Real estate:
 
 
 
 
 
 
 
 
 
       Commercial - investor owned
429

 
396

 
825

 
45,040

 
45,865

       Commercial - owner occupied
46

 
909

 
955

 
10,831

 
11,786

       Construction and land development
—

 
478

 
478

 
7,449

 
7,927

       Residential
748

 
992

 
1,740

 
10,921

 
12,661

    Consumer and other
—

 
—

 
—

 
67

 
67

          Total
$
1,223

 
$
2,775


$
3,998


$
77,984


$
81,982


 
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
Outstanding customer balances on PCI loans were $107.8 million and $54.6 million as of September 30, 2017, and December 31, 2016, respectively.