Loans and Allowance for Loan and Lease Losses (Tables)

6 Months Ended

Jun. 30, 2018

Loans And Leases Receivable Disclosure [Abstract]

Schedule of Recorded Investment and Unpaid Principal

The following table presents the recorded investment and unpaid principal for loans:

	June 30, 2018								December 31, 2017
	Recorded			Unpaid					Recorded			Unpaid
(Dollars in thousands)	Investment			Principal		Difference			Investment			Principal		Difference
Commercial real estate	$	766,839		$	773,357	$	(6,518	)	$	745,893		$	753,803	$	(7,910	)
Construction, land development, land		147,852			150,423		(2,571	)		134,812			138,045		(3,233	)
1-4 family residential properties		122,653			123,783		(1,130	)		125,827			127,499		(1,672	)
Farmland		177,060			180,223		(3,163	)		180,141			184,006		(3,865	)
Commercial		1,006,443			1,007,769		(1,326	)		920,812			924,133		(3,321	)
Factored receivables		603,812			606,744		(2,932	)		374,410			376,046		(1,636	)
Consumer		28,775			28,787		(12	)		31,131			31,144		(13	)
Mortgage warehouse		343,028			343,574		(546	)		297,830			297,830		—
Total		3,196,462		$	3,214,660	$	(18,198	)		2,810,856		$	2,832,506	$	(21,650	)
Allowance for loan and lease losses		(24,547	)							(18,748	)
	$	3,171,915							$	2,792,108

Summary of Allowance for Loan and Lease Losses

Allowance for Loan and Lease Losses

The activity in the allowance for loan and lease losses (“ALLL”) is as follows:

(Dollars in thousands)	Beginning										Ending
Three months ended June 30, 2018	Balance		Provision			Charge-offs			Recoveries		Balance
Commercial real estate	$	3,468	$	337		$	(2	)	$	—	$	3,803
Construction, land development, land		998		25			—			2		1,025
1-4 family residential properties		248		4			(14	)		2		240
Farmland		618		91			(200	)		—		509
Commercial		9,193		964			(1	)		74		10,230
Factored receivables		4,493		3,317			(116	)		33		7,727
Consumer		719		110			(234	)		75		670
Mortgage warehouse		285		58			—			—		343
	$	20,022	$	4,906		$	(567	)	$	186	$	24,547

(Dollars in thousands)	Beginning										Ending
Three months ended June 30, 2017	Balance		Provision			Charge-offs			Recoveries		Balance
Commercial real estate	$	2,243	$	263		$	—		$	—	$	2,506
Construction, land development, land		566		512			(163	)		—		915
1-4 family residential properties		160		(25	)		—			14		149
Farmland		214		47			—			—		261
Commercial		11,177		(504	)		(226	)		156		10,603
Factored receivables		4,064		814			(386	)		15		4,507
Consumer		547		233			(308	)		155		627
Mortgage warehouse		122		107			—			—		229
	$	19,093	$	1,447		$	(1,083	)	$	340	$	19,797

(Dollars in thousands)	Beginning										Ending
Six months ended June 30, 2018	Balance		Provision			Charge-offs			Recoveries		Balance
Commercial real estate	$	3,435	$	370		$	(2	)	$	—	$	3,803
Construction, land development, land		883		132			—			10		1,025
1-4 family residential properties		293		(44	)		(14	)		5		240
Farmland		310		399			(200	)		—		509
Commercial		8,150		2,571			(627	)		136		10,230
Factored receivables		4,597		3,786			(700	)		44		7,727
Consumer		783		194			(490	)		183		670
Mortgage warehouse		297		46			—			—		343
	$	18,748	$	7,454		$	(2,033	)	$	378	$	24,547

(Dollars in thousands)	Beginning										Ending
Six months ended June 30, 2017	Balance		Provision			Charge-offs			Recoveries		Balance
Commercial real estate	$	1,813	$	830		$	(137	)	$	—	$	2,506
Construction, land development, land		465		1,025			(582	)		7		915
1-4 family residential properties		253		(95	)		(28	)		19		149
Farmland		170		91			—			—		261
Commercial		8,014		5,289			(3,078	)		378		10,603
Factored receivables		4,088		1,333			(966	)		52		4,507
Consumer		420		605			(607	)		209		627
Mortgage warehouse		182		47			—			—		229
	$	15,405	$	9,125		$	(5,398	)	$	665	$	19,797

Summary of Individual and Collective Allowance for Loan Losses and Loan Balances by Class

The following table presents loans individually and collectively evaluated for impairment, as well as purchased credit impaired (“PCI”) loans, and their respective ALLL allocations:

(Dollars in thousands)	Loan Evaluation								ALLL Allocations
June 30, 2018	Individually		Collectively		PCI		Total loans		Individually		Collectively		PCI		Total ALLL
Commercial real estate	$	5,874	$	751,150	$	9,815	$	766,839	$	460	$	3,343	$	—	$	3,803
Construction, land development, land		140		143,832		3,880		147,852		21		1,004		—		1,025
1-4 family residential properties		2,170		119,907		576		122,653		125		115		—		240
Farmland		3,513		173,440		107		177,060		72		437		—		509
Commercial		29,478		976,319		646		1,006,443		2,199		8,027		4		10,230
Factored receivables		4,607		599,205		—		603,812		1,535		6,192		—		7,727
Consumer		263		28,512		—		28,775		50		620		—		670
Mortgage warehouse		—		343,028		—		343,028		—		343		—		343
	$	46,045	$	3,135,393	$	15,024	$	3,196,462	$	4,462	$	20,081	$	4	$	24,547

(Dollars in thousands)	Loan Evaluation								ALLL Allocations
December 31, 2017	Individually		Collectively		PCI		Total loans		Individually		Collectively		PCI		Total ALLL
Commercial real estate	$	1,013	$	735,118	$	9,762	$	745,893	$	123	$	3,312	$	—	$	3,435
Construction, land development, land		136		130,732		3,944		134,812		—		883		—		883
1-4 family residential properties		2,638		122,093		1,096		125,827		152		141		—		293
Farmland		3,800		176,232		109		180,141		—		310		—		310
Commercial		26,616		893,509		687		920,812		1,409		6,741		—		8,150
Factored receivables		4,726		369,684		—		374,410		949		3,648		—		4,597
Consumer		384		30,747		—		31,131		80		703		—		783
Mortgage warehouse		—		297,830		—		297,830		—		297		—		297
	$	39,313	$	2,755,945	$	15,598	$	2,810,856	$	2,713	$	16,035	$	—	$	18,748

Summary of Information Pertaining to Impaired Loans

The following is a summary of information pertaining to impaired loans. PCI loans that have not deteriorated subsequent to acquisition are not considered impaired and therefore do not require an allowance and are excluded from these tables.

	Impaired Loans and Purchased Credit						Impaired Loans
	Impaired Loans With a Valuation Allowance						Without a Valuation Allowance
(Dollars in thousands)	Recorded		Unpaid		Related		Recorded		Unpaid
June 30, 2018	Investment		Principal		Allowance		Investment		Principal
Commercial real estate	$	4,755	$	4,755	$	460	$	1,119	$	1,185
Construction, land development, land		88		88		21		52		52
1-4 family residential properties		221		216		125		1,949		2,053
Farmland		914		900		72		2,599		2,881
Commercial		14,981		15,010		2,199		14,497		14,649
Factored receivables		4,607		4,607		1,535		—		—
Consumer		170		163		50		93		99
Mortgage warehouse		—		—		—		—		—
PCI		79		64		4		—		—
	$	25,815	$	25,803	$	4,466	$	20,309	$	20,919

	Impaired Loans and Purchased Credit						Impaired Loans
	Impaired Loans With a Valuation Allowance						Without a Valuation Allowance
(Dollars in thousands)	Recorded		Unpaid		Related		Recorded		Unpaid
December 31, 2017	Investment		Principal		Allowance		Investment		Principal
Commercial real estate	$	165	$	165	$	123	$	848	$	881
Construction, land development, land		—		—		—		136		136
1-4 family residential properties		237		235		152		2,401		2,519
Farmland		—		—		—		3,800		4,071
Commercial		9,194		9,191		1,409		17,422		17,605
Factored receivables		4,726		4,726		949		—		—
Consumer		271		267		80		113		115
Mortgage warehouse		—		—		—		—		—
PCI		—		—		—		—		—
	$	14,593	$	14,584	$	2,713	$	24,720	$	25,327

The following table presents average impaired loans and interest recognized on impaired:

	Three Months Ended				Three Months Ended
	June 30, 2018				June 30, 2017
	Average		Interest		Average		Interest
(Dollars in thousands)	Impaired Loans		Recognized		Impaired Loans		Recognized
Commercial real estate	$	3,378	$	6	$	793	$	1
Construction, land development, land		140		—		275		—
1-4 family residential properties		2,251		2		1,488		6
Farmland		3,834		10		3,200		9
Commercial		29,088		174		24,023		109
Factored receivables		4,175		—		3,512		—
Consumer		346		—		122		—
Mortgage warehouse		—		—		—		—
PCI		40		—		1,494		—
	$	43,252	$	192	$	34,907	$	125

	Six Months Ended				Six Months Ended
	June 30, 2018				June 30, 2017
	Average		Interest		Average		Interest
(Dollars in thousands)	Impaired Loans		Recognized		Impaired Loans		Recognized
Commercial real estate	$	3,443	$	6	$	1,159	$	1
Construction, land development, land		138		—		248		—
1-4 family residential properties		2,404		4		1,402		7
Farmland		3,657		17		2,406		18
Commercial		28,047		664		27,960		232
Factored receivables		4,666		—		3,235		—
Consumer		323		1		89		—
Mortgage warehouse		—		—		—		—
PCI		40		—		405		—
	$	42,718	$	692	$	36,904	$	258

Summary of Contractually Past Due and Nonaccrual Loans

Past Due and Nonaccrual Loans

The following is a summary of contractually past due and nonaccrual loans:

	Past Due		Past Due 90
(Dollars in thousands)	30-89 Days		Days or More
June 30, 2018	Still Accruing		Still Accruing		Nonaccrual		Total
Commercial real estate	$	3,220	$	—	$	5,875	$	9,095
Construction, land development, land		555		—		140		695
1-4 family residential properties		970		79		2,094		3,143
Farmland		2,152		—		2,744		4,896
Commercial		5,930		313		26,400		32,643
Factored receivables		25,190		2,331		—		27,521
Consumer		739		—		270		1,009
Mortgage warehouse		—		—		—		—
PCI		—		—		2,221		2,221
	$	38,756	$	2,723	$	39,744	$	81,223

	Past Due		Past Due 90
(Dollars in thousands)	30-89 Days		Days or More
December 31, 2017	Still Accruing		Still Accruing		Nonaccrual		Total
Commercial real estate	$	1,374	$	—	$	1,012	$	2,386
Construction, land development, land		—		—		136		136
1-4 family residential properties		1,378		62		2,625		4,065
Farmland		250		109		3,412		3,771
Commercial		6,630		39		22,247		28,916
Factored receivables		20,858		1,454		—		22,312
Consumer		947		—		384		1,331
Mortgage warehouse		165		—		—		165
PCI		72		—		2,333		2,405
	$	31,674	$	1,664	$	32,149	$	65,487

Schedule of Nonperforming Loans

The following table presents information regarding nonperforming loans at the dates indicated:

(Dollars in thousands)	June 30, 2018		December 31, 2017
Nonaccrual loans⁽¹⁾	$	39,744	$	32,149
Factored receivables greater than 90 days past due		2,331		1,454
Troubled debt restructurings accruing interest		3,746		5,128
	$	45,821	$	38,731

⁽¹⁾

Includes troubled debt restructurings of $6,295,000 and $14,009,000 at June 30, 2018 and December 31, 2017, respectively.

Summary of Risk Category of Loans

As of June 30, 2018 and December 31, 2017, based on the most recent analysis performed, the risk category of loans is as follows:

(Dollars in thousands)
June 30, 2018	Pass		Substandard		Doubtful		PCI		Total
Commercial real estate	$	752,953	$	4,071	$	—	$	9,815	$	766,839
Construction, land development, land		143,832		140		—		3,880		147,852
1-4 family residential		119,900		2,177		—		576		122,653
Farmland		171,272		5,681		—		107		177,060
Commercial		972,695		33,102		—		646		1,006,443
Factored receivables		599,564		3,412		836		—		603,812
Consumer		28,498		277		—		—		28,775
Mortgage warehouse		343,028		—		—		—		343,028
	$	3,131,742	$	48,860	$	836	$	15,024	$	3,196,462

(Dollars in thousands)
December 31, 2017	Pass		Substandard		Doubtful		PCI		Total
Commercial real estate	$	732,175	$	3,956	$	—	$	9,762	$	745,893
Construction, land development, land		130,732		136		—		3,944		134,812
1-4 family residential		122,044		2,687		—		1,096		125,827
Farmland		171,017		9,015		—		109		180,141
Commercial		878,957		41,168		—		687		920,812
Factored receivables		370,839		2,325		1,246		—		374,410
Consumer		30,739		392		—		—		31,131
Mortgage warehouse		297,830		—		—		—		297,830
	$	2,734,333	$	59,679	$	1,246	$	15,598	$	2,810,856

Schedule of Loans Modified as Troubled Debt Restructurings

The following table presents loans modified as troubled debt restructurings that occurred during the six months ended June 30, 2018 and 2017:

			Pre-Modification		Post-Modification
			Outstanding		Outstanding
(Dollars in thousands)	Number of		Recorded		Recorded
June 30, 2018	Loans		Investment		Investment
1-4 family residential properties		3	$	111	$	111
Commercial		2	$	75	$	75
Total		5	$	186	$	186

Pre-Modification

Post-Modification

Outstanding

(Dollars in thousands)

Number of

Recorded

June 30, 2017

Loans

Investment

Commercial

186

Schedule of Outstanding Contractually Required Principal and Interest and Carrying Amount of PCI Loans Receivable

The outstanding contractually required principal and interest and the carrying amount of these loans included in the balance sheet amounts of loans at June 30, 2018 and December 31, 2017, are as follows:

	June 30,		December 31,
	2018		2017
Contractually required principal and interest:
Real estate loans	$	15,217	$	16,360
Commercial loans		3,191		3,501
Outstanding contractually required principal and interest	$	18,408	$	19,861
Gross carrying amount included in loans receivable	$	15,024	$	15,598

Schedule of Changes in Accretable Yield for the PCI Loans

The changes in accretable yield during the three and six months ended June 30, 2018 and 2017 in regard to loans transferred at acquisition for which it was probable that all contractually required payments would not be collected are as follows:

	Three Months Ended June 30,						Six Months Ended June 30,
	2018			2017			2018			2017
Accretable yield, beginning balance	$	2,442		$	3,432		$	2,793		$	4,261
Additions		—			—			—			—
Accretion		(354	)		(2,234	)		(738	)		(2,706	)
Reclassification from nonaccretable to accretable yield		17			1,928			50			2,011
Disposals		—			—			—			(440	)
Accretable yield, ending balance	$	2,105		$	3,126		$	2,105		$	3,126