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Loans Receivable and Allowance for Loan Losses (Tables)
 12 Months Ended
Dec. 31, 2018
Receivables [Abstract]  
Summary of Loans Receivable by Major Category
The following is a summary of loans by major category at December 31, 2018 and 2017:
 
December 31, 2018
 
December 31, 2017
Loan portfolio composition
(Dollars in thousands)
Real estate loans:
 
 
 
Residential
$
51,197

 
$
49,774

Commercial & industrial
8,395,327

 
8,142,036

Construction
275,076

 
316,412

Total real estate loans
8,721,600

 
8,508,222

Commercial business
2,127,630

 
1,780,869

Trade finance
197,190

 
166,664

Consumer and other
1,051,486

 
647,102

Total loans outstanding
12,097,906

 
11,102,857

Deferred loan costs (fees)
209

 
(282
)
 Loans receivable
12,098,115

 
11,102,575

Allowance for loan losses
(92,557
)
 
(84,541
)
Loans receivable, net of allowance for loan losses
$
12,005,558

 
$
11,018,034
Loans and Leases Acquired, Accretable Yield Movement Schedule
The following table presents changes in the accretable discount on the PCI loans for the years ended December 31, 2018 and 2017:
 
Year ended December 31,
 
2018
 
2017
 
(Dollars in thousands)
Balance at beginning of period
$
55,002

 
$
43,611

Accretion
(21,837
)
 
(21,542
)
Reclassification from nonaccretable difference
16,532

 
32,933

Balance at end of period
$
49,697

 
$
55,002
Allowance for Loan Losses by Portfolio Segment
The following tables detail the activity in the allowance for loan losses by portfolio segment for the years indicated:
 
Legacy Loans
 
Acquired Loans
 
Total
 
Real
Estate
 
Commercial Business
 
Trade Finance
 
Consumer and Other
 
Real
Estate
 
Commercial Business
 
Trade Finance
 
Consumer and Other
 
 
(Dollars in thousands)
December 31, 2018
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance, beginning of period
$
45,360

 
$
17,228

 
$
1,674

 
$
3,385

 
$
13,322

 
$
3,527

 
$
42

 
$
3

 
$
84,541

Provision (credit) for loan losses
9,334

 
3,389

 
(588
)
 
4,098

 
(5,551
)
 
3,253

 
(42
)
 
1,007

 
14,900

Loans charged off
(6,273
)
 
(1,400
)
 
(408
)
 
(1,245
)
 
(453
)
 
(1,083
)
 
—

 
(13
)
 
(10,875
)
Recoveries of charge offs
1,025

 
2,609

 
41

 
31

 
3

 
242

 
—

 
40

 
3,991

Balance, end of period
$
49,446

 
$
21,826

 
$
719

 
$
6,269

 
$
7,321

 
$
5,939

 
$
—

 
$
1,037

 
$
92,557

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance, beginning of period
$
38,956

 
$
23,430

 
$
1,897

 
$
2,116

 
$
12,791

 
$
117

 
$
—

 
$
36

 
$
79,343

Provision (credit) for loan losses
8,524

 
(1,036
)
 
1,825

 
2,207

 
1,341

 
4,500

 
42

 
(43
)
 
17,360

Loans charged off
(2,292
)
 
(9,881
)
 
(2,104
)
 
(943
)
 
(850
)
 
(1,315
)
 
—

 
(25
)
 
(17,410
)
Recoveries of charge offs
172

 
4,715

 
56

 
5

 
40

 
225

 
—

 
35

 
5,248

Balance, end of period
$
45,360

 
$
17,228

 
$
1,674

 
$
3,385

 
$
13,322

 
$
3,527

 
$
42

 
$
3

 
$
84,541

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance, beginning of period
$
42,829

 
$
16,332

 
$
3,592

 
$
556

 
$
12,823

 
$
214

 
$
—

 
$
62

 
$
76,408

Provision (credit) for loan losses
(4,896
)
 
12,928

 
(1,695
)
 
2,229

 
714

 
(248
)
 
—

 
(32
)
 
9,000

Loans charged off
(152
)
 
(7,267
)
 
—

 
(757
)
 
(758
)
 
(26
)
 
—

 
—

 
(8,960
)
Recoveries of charged offs
1,175

 
1,437

 
—

 
88

 
12

 
177

 
—

 
6

 
2,895

Balance, end of period
$
38,956

 
$
23,430

 
$
1,897

 
$
2,116

 
$
12,791

 
$
117

 
$
—

 
$
36

 
$
79,343

The following tables disaggregate the allowance for loan losses and the carrying value of loans receivables by impairment methodology at December 31, 2018 and December 31, 2017:
 
December 31, 2018
 
Legacy Loans
 
Acquired Loans
 
Total
 
Real
Estate
 
Commercial Business
 
Trade Finance
 
Consumer and Other
 
Real
Estate
 
Commercial Business
 
Trade Finance
 
Consumer and Other
 
 
(Dollars in thousands)
Allowance for loan losses:
Individually evaluated for impairment
$
176

 
$
4,221

 
$
—

 
$
3

 
$
261

 
$
130

 
$
—

 
$
—

 
$
4,791

Collectively evaluated for impairment
49,270

 
17,605

 
719

 
6,266

 
1,264

 
460

 
—

 
19

 
75,603

PCI loans
—

 
—

 
—

 
—

 
5,796

 
5,349

 
—

 
1,018

 
12,163

Total
$
49,446

 
$
21,826

 
$
719

 
$
6,269

 
$
7,321

 
$
5,939

 
$
—

 
$
1,037

 
$
92,557

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans outstanding:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
39,976

 
$
29,624

 
$
5,887

 
$
441

 
$
18,080

 
$
5,734

 
$
3,124

 
$
1,141

 
$
104,007

Collectively evaluated for impairment
7,037,392

 
1,988,067

 
188,179

 
910,292

 
1,507,858

 
80,916

 
—

 
133,942

 
11,846,646

PCI loans
—

 
—

 
—

 
—

 
118,294

 
23,289

 
—

 
5,670

 
147,253

Total
$
7,077,368

 
$
2,017,691

 
$
194,066

 
$
910,733

 
$
1,644,232

 
$
109,939

 
$
3,124

 
$
140,753

 
$
12,097,906

 
December 31, 2017
 
Legacy Loans
 
Acquired Loans
 
Total
 
Real
Estate
 
Commercial Business
 
Trade Finance
 
Consumer and Other
 
Real
Estate
 
Commercial Business
 
Trade Finance
 
Consumer and Other
 
 
(Dollars in thousands)
Allowance for loan losses:
Individually evaluated for impairment
$
1,378

 
$
2,807

 
$
3

 
$
35

 
$
246

 
$
854

 
$
—

 
$
—

 
$
5,323

Collectively evaluated for impairment
43,982

 
14,421

 
1,671

 
3,350

 
1,036

 
2,673

 
42

 
3

 
67,178

PCI loans
—

 
—

 
—

 
—

 
12,040

 
—

 
—

 
—

 
12,040

Total
$
45,360

 
$
17,228

 
$
1,674

 
$
3,385

 
$
13,322

 
$
3,527

 
$
42

 
$
3

 
$
84,541

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans outstanding:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
41,041

 
$
31,322

 
$
3,951

 
$
908

 
$
14,239

 
$
18,733

 
$
2,984

 
$
1,171

 
$
114,349

Collectively evaluated for impairment
6,172,448

 
1,459,273

 
152,204

 
477,375

 
2,120,001

 
244,980

 
7,525

 
157,794

 
10,791,600

PCI loans
—

 
—

 
—

 
—

 
160,493

 
26,561

 
—

 
9,854

 
196,908

Total
$
6,213,489

 
$
1,490,595

 
$
156,155

 
$
478,283

 
$
2,294,733

 
$
290,274

 
$
10,509

 
$
168,819

 
$
11,102,857
Impaired Financing Receivables
The recorded investment in individually impaired loans was as follows:
 
December 31, 2018
 
December 31, 2017
 
(Dollars in thousands)
With allocated specific allowance:
 
 
 
Without charge-off
$
35,365

 
$
28,614

With charge-off
681

 
3,044

With no allocated specific allowance:
 
 
 
Without charge-off
59,607

 
77,533

With charge-off
8,354

 
5,158

Specific allowance on impaired loans
(4,791
)
 
(5,323
)
Impaired loans, net of specific allowance
$
99,216

 
$
109,026

The following tables detail the recorded investment of impaired loans (Legacy Loans and Acquired Loans that became impaired subsequent to being originated and acquired, respectfully) by portfolio segment. Loans with no related allowance for loan losses are believed by management to have adequate collateral securing their carrying value.
 
 
December 31, 2018
 
Year Ended December 31, 2018
Total Impaired Loans
 
Recorded Investment*
 
Unpaid Contractual Principal Balance
 
Related
Allowance
 
Average
Recorded Investment*
 
Interest Income Recognized during Impairment
 
 
(Dollars in thousands)
With Related Allowance:
 
 
 
 
 
 
 
 
 
 
Real estate—residential
 
$
—

 
$
—

 
$
—

 
$
50

 
$
—

Real estate—commercial
 
 
 
 
 
 
 
 
 
 
Retail
 
1,375

 
1,487

 
156

 
3,554

 
30

Hotel & motel
 
1,949

 
2,310

 
119

 
2,700

 
—

Gas station & car wash
 
—

 
—

 
—

 
—

 
—

Mixed use
 
881

 
947

 
43

 
2,032

 
6

Industrial & warehouse
 
1,305

 
2,139

 
93

 
1,579

 
70

Other
 
7,759

 
8,174

 
26

 
6,038

 
372

Real estate—construction
 
—

 
—

 
—

 
—

 
—

Commercial business
 
22,203

 
23,928

 
4,351

 
23,146

 
511

Trade finance
 
—

 
—

 
—

 
2,143

 
—

Consumer and other
 
575

 
575

 
3

 
710

 
7

Subtotal
 
$
36,047

 
$
39,560

 
$
4,791

 
$
41,952

 
$
996

With No Related Allowance:
 
 
 
 
 
 
 
 
 
 
Real estate—residential
 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

Real estate—commercial
 
 
 
 
 
 
 
 
 
 
Retail
 
8,005

 
11,234

 
—

 
9,913

 
143

Hotel & motel
 
10,877

 
22,590

 
—

 
6,085

 
—

Gas station & car wash
 
545

 
3,653

 
—

 
520

 
19

Mixed use
 
7,048

 
7,058

 
—

 
3,404

 
347

Industrial & warehouse
 
12,343

 
13,467

 
—

 
11,560

 
298

Other
 
5,969

 
7,122

 
—

 
13,107

 
106

Real estate—construction
 
—

 
—

 
—

 
520

 
—

Commercial business
 
13,155

 
17,850

 
—

 
18,041

 
531

Trade finance
 
9,011

 
9,011

 
—

 
5,405

 
487

Consumer and other
 
1,007

 
1,156

 
—

 
1,457

 
—

Subtotal
 
$
67,960

 
$
93,141

 
$
—

 
$
70,012

 
$
1,931

Total
 
$
104,007

 
$
132,701

 
$
4,791

 
$
111,964

 
$
2,927

__________________________________
*
Unpaid contractual principal balance less charge offs, interest collected applied to principal if on nonaccrual and purchase discounts.

 
 
December 31, 2018
 
Year Ended December 31, 2018
Impaired acquired loans
 
Recorded Investment*
 
Unpaid
Contractual Principal
Balance
 
Related
Allowance
 
Average
Recorded Investment*
 
Interest Income Recognized during Impairment
 
 
(Dollars in thousands)
With Related Allowance:
 
 
 
 
 
 
 
 
 
 
Real estate—residential
 
$
—

 
$
—

 
$
—

 
$
50

 
$
—

Real estate—commercial
 
 
 
 
 
 
 
 
 
 
Retail
 
198

 
220

 
118

 
510

 
—

Hotel & motel
 
72

 
345

 
4

 
78

 
—

Gas station & car wash
 
—

 
—

 
—

 
—

 
—

Mixed use
 
312

 
312

 
38

 
1,813

 
6

Industrial & warehouse
 
230

 
1,050

 
88

 
246

 
—

Other
 
3,454

 
3,454

 
13

 
2,133

 
221

Real estate—construction
 
—

 
—

 
—

 
—

 
—

Commercial business
 
4,064

 
5,041

 
130

 
5,380

 
162

Trade finance
 
—

 
—

 
—

 
—

 
—

Consumer and other
 
144

 
144

 
—

 
89

 
7

Subtotal
 
$
8,474

 
$
10,566

 
$
391

 
$
10,299

 
$
396

With No Related Allowance:
 
 
 
 
 
 
 
 
 
 
Real estate—residential
 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

Real estate—commercial
 
 
 
 
 
 
 
 
 
 
Retail
 
3,285

 
4,151

 
—

 
3,202

 
123

Hotel & motel
 
5,428

 
6,874

 
—

 
2,685

 
—

Gas station & car wash
 
247

 
2,673

 
—

 
176

 
—

Mixed use
 
3,722

 
3,726

 
—

 
789

 
148

Industrial & warehouse
 
119

 
894

 
—

 
253

 
—

Other
 
1,013

 
1,326

 
—

 
4,662

 
39

Real estate—construction
 
—

 
—

 
—

 
—

 
—

Commercial business
 
1,670

 
2,681

 
—

 
4,658

 
92

Trade finance
 
3,124

 
3,124

 
—

 
3,134

 
189

Consumer and other
 
997

 
1,144

 
—

 
1,298

 
—

Subtotal
 
$
19,605

 
$
26,593

 
$
—

 
$
20,857

 
$
591

Total
 
$
28,079

 
$
37,159

 
$
391

 
$
31,156

 
$
987


__________________________________
*
Unpaid contractual principal balance less charge offs, interest collected applied to principal if on nonaccrual and purchase discounts.

 
 
December 31, 2017
 
Year Ended December 31, 2017
Total Impaired Loans
 
Recorded Investment*
 
Unpaid
Contractual Principal
Balance
 
Related
Allowance
 
Average
Recorded Investment*
 
Interest Income Recognized during Impairment
 
 
(Dollars in thousands)
With Related Allowance:
 
 
 
 
 
 
 
 
 
 
Real estate—residential
 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

Real estate—commercial
 
 
 
 
 
 
 
 
 
 
Retail
 
532

 
531

 
131

 
1,120

 
—

Hotel & motel
 
2,931

 
5,090

 
284

 
4,050

 
67

Gas station & car wash
 
—

 
—

 
—

 
43

 
—

Mixed use
 
312

 
958

 
4

 
245

 
6

Industrial & warehouse
 
772

 
1,482

 
96

 
1,135

 
—

Other
 
4,397

 
4,401

 
1,109

 
11,707

 
237

Real estate—construction
 
—

 
—

 
—

 
—

 
—

Commercial business
 
18,330

 
22,757

 
3,661

 
23,695

 
631

Trade finance
 
3,861

 
3,861

 
3

 
2,842

 
217

Consumer and other
 
523

 
524

 
35

 
240

 
4

Subtotal
 
$
31,658

 
$
39,604

 
$
5,323

 
$
45,077

 
$
1,162

With No Related Allowance:
 
 
 
 
 
 
 
 
 
 
Real estate—residential
 
$
—

 
$
—

 
$
—

 
$
1,105

 
$
—

Real estate—commercial
 
 
 
 
 
 
 
 
 
 
Retail
 
11,792

 
13,923

 
—

 
12,288

 
434

Hotel & motel
 
2,841

 
5,288

 
—

 
7,245

 
—

Gas station & car wash
 
591

 
1,764

 
—

 
3,168

 
—

Mixed use
 
1,101

 
3,490

 
—

 
3,496

 
—

Industrial & warehouse
 
8,429

 
8,525

 
—

 
8,676

 
262

Other
 
20,282

 
24,412

 
—

 
17,116

 
608

Real estate—construction
 
1,300

 
1,441

 
—

 
1,611

 
—

Commercial business
 
31,725

 
33,207

 
—

 
16,312

 
697

Trade finance
 
3,074

 
3,091

 
—

 
2,994

 
253

Consumer and other
 
1,556

 
1,676

 
—

 
1,225

 
25

Subtotal
 
$
82,691

 
$
96,817

 
$
—

 
$
75,236

 
$
2,279

Total
 
$
114,349

 
$
136,421

 
$
5,323

 
$
120,313

 
$
3,441

__________________________________
*
Unpaid contractual principal balance less charge offs, interest collected applied to principal if on nonaccrual and purchase discounts.




 
 
December 31, 2017
 
Year Ended December 31, 2017
Impaired acquired loans
 
Recorded Investment*
 
Unpaid
Contractual Principal
Balance
 
Related
Allowance
 
Average
Recorded Investment*
 
Interest Income Recognized during Impairment
 
 
(Dollars in thousands)
With Related Allowance:
 
 
 
 
 
 
 
 
 
 
Real estate—residential
 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

Real estate—commercial
 
 
 
 
 
 
 
 
 
 
Retail
 
262

 
261

 
126

 
851

 
—

Hotel & motel
 
85

 
86

 
2

 
105

 
—

Gas station & car wash
 
—

 
—

 
—

 
—

 
—

Mixed use
 
129

 
129

 
1

 
179

 
6

Industrial & warehouse
 
221

 
896

 
96

 
225

 
—

Other
 
319

 
323

 
21

 
319

 
17

Real estate—construction
 
—

 
—

 
—

 
—

 
—

Commercial business
 
1,987

 
2,903

 
854

 
1,111

 
47

Trade finance
 
—

 
—

 
—

 
—

 
—

Consumer and other
 
—

 
—

 
—

 
—

 
—

Subtotal
 
$
3,003

 
$
4,598

 
$
1,100

 
$
2,790

 
$
70

With No Related Allowance:
 
 
 
 
 
 
 
 
 
 
Real estate—residential
 
$
—

 
$
—

 
$
—

 
$
235

 
$
—

Real estate—commercial
 
 
 
 
 
 
 
 
 
 
Retail
 
3,412

 
4,099

 
—

 
2,866

 
141

Hotel & motel
 
482

 
1,887

 
—

 
3,086

 
—

Gas station & car wash
 
1

 
28

 
—

 
619

 
—

Mixed use
 
152

 
2,240

 
—

 
2,191

 
—

Industrial & warehouse
 
45

 
45

 
—

 
59

 
3

Other
 
9,131

 
9,951

 
—

 
5,190

 
340

Real estate—construction
 
—

 
—

 
—

 
—

 
—

Commercial business
 
16,746

 
16,926

 
—

 
5,794

 
182

Trade finance
 
2,984

 
3,001

 
—

 
1,274

 
248

Consumer and other
 
1,171

 
1,291

 
—

 
645

 
7

Subtotal
 
$
34,124

 
$
39,468

 
$
—

 
$
21,959

 
$
921

Total
 
$
37,127

 
$
44,066

 
$
1,100

 
$
24,749

 
$
991


__________________________________
*
Unpaid contractual principal balance less charge offs, interest collected applied to principal if on nonaccrual and purchase discounts.



 
 
Year Ended December 31, 2016
Total Impaired Loans
 
Average
Recorded Investment*
 
Interest Income Recognized during Impairment
 
 
(Dollars in thousands)
With Related Allowance:
 
 
 
 
Real estate—residential
 
$
—

 
$
—

Real estate—commercial
 
 
 
 
Retail
 
1,788

 
—

Hotel & motel
 
3,650

 
332

Gas station & car wash
 
884

 
—

Mixed use
 
350

 
7

Industrial & warehouse
 
547

 
23

Other
 
23,690

 
1,033

Real estate—construction
 
—

 
—

Commercial business
 
32,626

 
988

Trade finance
 
7,134

 
25

Consumer and other
 
289

 
4

Subtotal
 
$
70,958

 
$
2,412

With No Related Allowance:
 
 
 
 
Real estate—residential
 
$
712

 
$
119

Real estate—commercial
 
 
 
 
Retail
 
10,745

 
451

Hotel & motel
 
8,275

 
14

Gas station & car wash
 
4,817

 
39

Mixed use
 
3,284

 
282

Industrial & warehouse
 
10,252

 
350

Other
 
13,086

 
479

Real estate—construction
 
1,322

 
—

Commercial business
 
10,559

 
203

Trade finance
 
1,674

 
208

Consumer and other
 
1,026

 
29

Subtotal
 
$
65,752

 
$
2,174

Total
 
$
136,710

 
$
4,586


__________________________________
*
Unpaid contractual principal balance less charge offs, interest collected applied to principal if on nonaccrual and purchase discounts.

 
 
Year Ended December 31, 2016
Impaired acquired loans
 
Average
Recorded Investment*
 
Interest Income Recognized during Impairment
 
 
(Dollars in thousands)
With Related Allowance:
 
 
 
 
Real estate—residential
 
$
—

 
$
—

Real estate—commercial
 
 
 
 
Retail
 
1,387

 
—

Hotel & motel
 
—

 
—

Gas station & car wash
 
203

 
—

Mixed use
 
280

 
7

Industrial & warehouse
 
—

 
—

Other
 
327

 
18

Real estate—construction
 
—

 
—

Commercial business
 
448

 
5

Trade finance
 
—

 
—

Consumer and other
 
32

 
—

Subtotal
 
$
2,677

 
$
30

With No Related Allowance:
 
 
 
 
Real estate—residential
 
$
136

 
$
—

Real estate—commercial
 
 
 
 
Retail
 
2,496

 
152

Hotel & motel
 
5,700

 
14

Gas station & car wash
 
1,506

 
39

Mixed use
 
1,238

 
245

Industrial & warehouse
 
873

 
3

Other
 
4,021

 
177

Real estate—construction
 
—

 
—

Commercial business
 
580

 
2

Trade finance
 
—

 
—

Consumer and other
 
453

 
9

Subtotal
 
$
17,003

 
$
641

Total
 
$
19,680

 
$
671

__________________________________
*
Unpaid contractual principal balance less charge offs, interest collected applied to principal if on nonaccrual and purchase discounts.
Aging of Past Due Loans

Generally, loans are placed on nonaccrual status if the principal and/or interest payments become 90 days or more past due and/or management deems the collectability of the principal and/or interest to be in question, as well as when required by regulatory requirements. Loans to customers whose financial condition has deteriorated are considered for nonaccrual status whether or not the loan is 90 days or more past due. Generally, payments received on nonaccrual loans are recorded as principal reductions. Loans are returned to accrual status only when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. The Company did not recognize any cash basis interest income for the twelve months ended December 31, 2018 or 2017.
The following table represent the recorded investment of nonaccrual loans and loans past due 90 or more days and still on accrual status by class of loans as of December 31, 2018 or 2017.
 
Nonaccrual Loans(1)
 
Accruing Loans Past Due 90 or More Days
 
December 31, 2018
 
December 31, 2017
 
December 31, 2018
 
December 31, 2017
 
(Dollars in thousands)
Legacy Loans:
 
 
 
 
 
 
 
Real estate—residential
$
—

 
$
—

 
$
—

 
$
—

Real estate—commercial
 
 
 
 
 
 
 
Retail
5,153

 
3,179

 
—

 
—

Hotel & motel
7,325

 
3,931

 
—

 
—

Gas station & car wash
31

 
590

 
—

 
—

Mixed use
749

 
1,132

 
—

 
—

Industrial & warehouse
6,111

 
3,403

 
—

 
—

Other
5,940

 
5,689

 
—

 
—

Real estate—construction
—

 
1,300

 
—

 
—

Commercial business
14,837

 
8,540

 
—

 
—

Trade finance
1,661

 
—

 
—

 
—

Consumer and other
441

 
471

 
243

 
407

Subtotal
$
42,248

 
$
28,235

 
$
243

 
$
407

Acquired Loans: (2)
 

 
 

 
 
 
 
Real estate—residential
$
—

 
$
—

 
$
—

 
$
—

Real estate—commercial
 
 
 
 
 
 
 
Retail
829

 
638

 
—

 
—

Hotel & motel
5,500

 
568

 
1,286

 
—

Gas station & car wash
247

 
1

 
—

 
—

Mixed use
1,224

 
152

 
—

 
—

Industrial & warehouse
349

 
221

 
—

 
—

Other
259

 
1,389

 
—

 
—

Real estate—construction
—

 
—

 
—

 
—

Commercial business
1,632

 
14,560

 
—

 
—

Trade finance
—

 
—

 
—

 
—

Consumer and other
998

 
1,011

 
—

 
—

Subtotal
$
11,038

 
$
18,540

 
$
1,286

 
$
—

Total
$
53,286

 
$
46,775

 
$
1,529

 
$
407

__________________________________
(1) 
Total nonaccrual loans exclude guaranteed portion of delinquent SBA loans that are in liquidation totaling $29.2 million and $22.1 million, at December 31, 2018 and December 31, 2017, respectively.
(2) 
Acquired Loans exclude PCI loans.

The following tables present the recorded investment of past due loans, including nonaccrual loans past due 30 or more days, by the number of days past due as of December 31, 2018 and December 31, 2017 by class of loans:
 
As of December 31, 2018
 
As of December 31, 2017
 
30-59 Days
Past Due 
 
60-89 Days 
Past Due
 
90 or More Days
Past Due 
 
Total
Past Due
 
30-59 Days
Past Due 
 
60-89 Days 
Past Due
 
90 or More Days
Past Due 
 
Total
Past Due
 
(Dollars in thousands)
Legacy Loans:
 
 
 
 
 
 
 
 
 
Real estate—residential
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

Real estate—commercial
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Retail
733

 
—

 
809

 
1,542

 
3,239

 
—

 
285

 
3,524

Hotel & motel
153

 
—

 
5,215

 
5,368

 
1,884

 
1,172

 
2,635

 
5,691

Gas station & car wash
—

 
—

 
31

 
31

 
956

 
—

 
435

 
1,391

Mixed use
—

 
—

 
—

 
—

 
129

 
—

 
952

 
1,081

Industrial & warehouse
1,465

 
—

 
1,922

 
3,387

 
1,121

 
99

 
2,473

 
3,693

Other
1,837

 
—

 
2,405

 
4,242

 
1,409

 
—

 
5,425

 
6,834

Real estate—construction
—

 
—

 
—

 
—

 
—

 
—

 
1,300

 
1,300

Commercial business
5,500

 
435

 
7,003

 
12,938

 
698

 
516

 
2,508

 
3,722

Trade finance
1,036

 
—

 
1,661

 
2,697

 
—

 
—

 
—

 
—

Consumer and other
16,413

 
140

 
247

 
16,800

 
7,512

 
97

 
494

 
8,103

Subtotal
$
27,137

 
$
575

 
$
19,293

 
$
47,005

 
$
16,948

 
$
1,884

 
$
16,507

 
$
35,339

Acquired Loans: (1)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Real estate—residential
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

Real estate—commercial
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Retail
347

 
—

 
602

 
949

 
81

 
216

 
386

 
683

Hotel & motel
—

 
—

 
5,206

 
5,206

 
—

 
1,219

 
—

 
1,219

Gas station & car wash
154

 
—

 
221

 
375

 
1,161

 
41

 
1

 
1,203

Mixed use
107

 
—

 
1,034

 
1,141

 
151

 
—

 
152

 
303

Industrial & warehouse
142

 
—

 
119

 
261

 
804

 
264

 
221

 
1,289

Other
183

 
219

 
—

 
402

 
275

 
—

 
—

 
275

Real estate—construction
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Commercial business
397

 
613

 
253

 
1,263

 
1,088

 
256

 
885

 
2,229

Trade finance
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Consumer and other
—

 
—

 
334

 
334

 
957

 
270

 
181

 
1,408

Subtotal
$
1,330

 
$
832

 
$
7,769

 
$
9,931

 
$
4,517

 
$
2,266

 
$
1,826

 
$
8,609

Total Past Due
$
28,467

 
$
1,407

 
$
27,062

 
$
56,936

 
$
21,465

 
$
4,150

 
$
18,333

 
$
43,948

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
__________________________________
(1) 
Acquired Loans exclude PCI loans.
The following table represent the recorded investment of nonaccrual loans and loans past due 90 or more days and still on accrual status by class of loans as of December 31, 2018 or 2017.
 
Nonaccrual Loans(1)
 
Accruing Loans Past Due 90 or More Days
 
December 31, 2018
 
December 31, 2017
 
December 31, 2018
 
December 31, 2017
 
(Dollars in thousands)
Legacy Loans:
 
 
 
 
 
 
 
Real estate—residential
$
—

 
$
—

 
$
—

 
$
—

Real estate—commercial
 
 
 
 
 
 
 
Retail
5,153

 
3,179

 
—

 
—

Hotel & motel
7,325

 
3,931

 
—

 
—

Gas station & car wash
31

 
590

 
—

 
—

Mixed use
749

 
1,132

 
—

 
—

Industrial & warehouse
6,111

 
3,403

 
—

 
—

Other
5,940

 
5,689

 
—

 
—

Real estate—construction
—

 
1,300

 
—

 
—

Commercial business
14,837

 
8,540

 
—

 
—

Trade finance
1,661

 
—

 
—

 
—

Consumer and other
441

 
471

 
243

 
407

Subtotal
$
42,248

 
$
28,235

 
$
243

 
$
407

Acquired Loans: (2)
 

 
 

 
 
 
 
Real estate—residential
$
—

 
$
—

 
$
—

 
$
—

Real estate—commercial
 
 
 
 
 
 
 
Retail
829

 
638

 
—

 
—

Hotel & motel
5,500

 
568

 
1,286

 
—

Gas station & car wash
247

 
1

 
—

 
—

Mixed use
1,224

 
152

 
—

 
—

Industrial & warehouse
349

 
221

 
—

 
—

Other
259

 
1,389

 
—

 
—

Real estate—construction
—

 
—

 
—

 
—

Commercial business
1,632

 
14,560

 
—

 
—

Trade finance
—

 
—

 
—

 
—

Consumer and other
998

 
1,011

 
—

 
—

Subtotal
$
11,038

 
$
18,540

 
$
1,286

 
$
—

Total
$
53,286

 
$
46,775

 
$
1,529

 
$
407

__________________________________
(1) 
Total nonaccrual loans exclude guaranteed portion of delinquent SBA loans that are in liquidation totaling $29.2 million and $22.1 million, at December 31, 2018 and December 31, 2017, respectively.
(2) 
Acquired Loans exclude PCI loans.
Risk Category of Loans by Class of Loans
The following tables present the risk rating for Legacy Loans and Acquired Loans as of December 31, 2018 and December 31, 2017 by class of loans:
 
December 31, 2018
 
Pass/
Not Rated
 
Special
Mention
 
Substandard
 
Doubtful
 
Total
 
(Dollars in thousands)
Legacy Loans:
 
 
 
Real estate—residential
$
44,066

 
$
—

 
$
546

 
$
—

 
$
44,612

Real estate—commercial
 
 
 
 
 
 
 
 

Retail
1,815,170

 
18,072

 
30,686

 
—

 
1,863,928

Hotel & motel
1,389,349

 
21,932

 
15,869

 
—

 
1,427,150

Gas station & car wash
814,291

 
2,810

 
2,464

 
—

 
819,565

Mixed use
510,021

 
12,480

 
13,292

 
—

 
535,793

Industrial & warehouse
711,236

 
1,665

 
38,332

 
—

 
751,233

Other
1,326,795

 
35,539

 
34,618

 
—

 
1,396,952

Real estate—construction
227,231

 
10,904

 
—

 
—

 
238,135

Commercial business
1,944,783

 
18,220

 
54,688

 
—

 
2,017,691

Trade finance
191,508

 
—

 
2,558

 
—

 
194,066

Consumer and other
910,292

 
—

 
441

 
—

 
910,733

Subtotal
$
9,884,742

 
$
121,622

 
$
193,494

 
$
—

 
$
10,199,858

Acquired Loans:
 
 
 
 
 
 
 
 
 
Real estate—residential
$
5,812

 
$
393

 
$
380

 
$
—

 
$
6,585

Real estate—commercial
 
 
 
 
 
 
 
 
 
Retail
483,939

 
4,651

 
17,332

 
35

 
505,957

Hotel & motel
186,761

 
807

 
19,472

 
—

 
207,040

Gas station & car wash
148,702

 
274

 
6,032

 
—

 
155,008

Mixed use
77,100

 
3,986

 
8,151

 
—

 
89,237

Industrial & warehouse
171,574

 
9,451

 
18,071

 
223

 
199,319

Other
402,247

 
12,902

 
28,996

 
—

 
444,145

Real estate—construction
29,058

 
7,883

 
—

 
—

 
36,941

Commercial business
89,611

 
1,083

 
19,237

 
8

 
109,939

Trade finance
—

 
—

 
3,124

 
—

 
3,124

Consumer and other
136,944

 
37

 
3,626

 
146

 
140,753

Subtotal
$
1,731,748

 
$
41,467

 
$
124,421

 
$
412

 
$
1,898,048

Total
$
11,616,490

 
$
163,089

 
$
317,915

 
$
412

 
$
12,097,906


 
December 31, 2017
 
Pass/
Not Rated
 
Special
Mention
 
Substandard
 
Doubtful
 
Total
 
(Dollars in thousands)
Legacy Loans:
 
 
 
Real estate—residential
$
33,557

 
$
1,147

 
$
1,439

 
$
—

 
$
36,143

Real estate—commercial
 
 
 
 
 
 
 
 
 
Retail
1,640,809

 
32,723

 
17,856

 
—

 
1,691,388

Hotel & motel
1,224,597

 
19,358

 
8,877

 
—

 
1,252,832

Gas station & car wash
737,485

 
9,013

 
590

 
—

 
747,088

Mixed use
421,755

 
4,581

 
1,477

 
—

 
427,813

Industrial & warehouse
577,344

 
16,716

 
24,317

 
—

 
618,377

Other
1,133,188

 
30,030

 
53,995

 
—

 
1,217,213

Real estate—construction
219,583

 
—

 
3,052

 
—

 
222,635

Commercial business
1,389,043

 
35,640

 
65,912

 
—

 
1,490,595

Trade finance
152,583

 
2,200

 
1,372

 
—

 
156,155

Consumer and other
477,370

 
5

 
908

 
—

 
478,283

Subtotal
$
8,007,314

 
$
151,413

 
$
179,795

 
$
—

 
$
8,338,522

Acquired Loans:
 
 
 
Real estate—residential
$
13,369

 
$
262

 
$
—

 
$
—

 
$
13,631

Real estate—commercial
 
 
 
 
 
 
 
 
 
Retail
630,555

 
6,921

 
20,797

 
—

 
658,273

Hotel & motel
275,191

 
4,247

 
24,987

 
—

 
304,425

Gas station & car wash
194,063

 
2,872

 
8,992

 
—

 
205,927

Mixed use
94,864

 
5,725

 
14,738

 
—

 
115,327

Industrial & warehouse
250,049

 
14,973

 
16,358

 
265

 
281,645

Other
568,545

 
19,848

 
33,335

 
—

 
621,728

Real estate—construction
93,777

 
—

 
—

 
—

 
93,777

Commercial business
236,705

 
8,593

 
44,964

 
12

 
290,274

Trade finance
7,455

 
—

 
3,054

 
—

 
10,509

Consumer and other
162,495

 
37

 
6,202

 
85

 
168,819

Subtotal
$
2,527,068

 
$
63,478

 
$
173,427

 
$
362

 
$
2,764,335

Total
$
10,534,382

 
$
214,891

 
$
353,222

 
$
362

 
$
11,102,857
Loans Sold From Loans Held For Investment
The breakdown of loans by type that were reclassified from held for investment to held for sale for the year ended December 31, 2018 and 2017 by portfolio segment is presented in the table below.
 
Year ended December 31,
 
2018
 
2017
 
2016
 
(Dollars in thousands)
Transfer of loans held for investment to held for sale
 
 
 
Real Estate - Commercial
$
—

 
$
429

 
$
5,920

Commercial Business
—

 
—

 
3,457

Consumer
21,581

 
—

 
2,508

     Total
$
21,581

 
$
429

 
$
11,885
Allowance for Loan Losses and Impaired Loans, Qualitative and Quantitative Analysis
 The following table presents loans by portfolio segment and impairment method at December 31, 2018 and December 31, 2017:
 
December 31, 2018
 
Real Estate -
Residential
 
Real Estate -
Commercial
 
Real Estate -
Construction
 
Commercial
Business
 
Trade
Finance
 
Consumer
and Other
 
Total
 
(Dollars in thousands)
Impaired loans
(recorded investment)
$
—

 
$
58,056

 
$
—

 
$
35,358

 
$
9,011

 
$
1,582

 
$
104,007

Specific allowance
$
—

 
$
437

 
$
—

 
$
4,351

 
$
—

 
$
3

 
$
4,791

Specific allowance to impaired loans
N/A

 
0.75
%
 
N/A

 
12.31
%
 
0.00
%
 
0.19
%
 
4.61
%
Other loans
$
51,197

 
$
8,337,271

 
$
275,076

 
$
2,092,272

 
$
188,179

 
$
1,049,904

 
$
11,993,899

General allowance
$
112

 
$
55,453

 
$
765

 
$
23,414

 
$
719

 
$
7,303

 
$
87,766

General allowance to other loans
0.22
%
 
0.67
%
 
0.28
%
 
1.12
%
 
0.38
%
 
0.70
%
 
0.73
%
Total loans outstanding
$
51,197


$
8,395,327


$
275,076

 
$
2,127,630

 
$
197,190

 
$
1,051,486

 
$
12,097,906

Total allowance for loan losses
$
112

 
$
55,890

 
$
765

 
$
27,765

 
$
719

 
$
7,306

 
$
92,557

Total allowance to total loans
0.22
%
 
0.67
%
 
0.28
%
 
1.30
%
 
0.36
%
 
0.69
%
 
0.77
%
 
December 31, 2017
 
Real Estate -
Residential
 
Real Estate -
Commercial
 
Real Estate -
Construction
 
Commercial
Business
 
Trade
Finance
 
Consumer
and Other
 
Total
 
(Dollars in thousands)
Impaired loans
(recorded investment)
$
—

 
$
53,980

 
$
1,300

 
$
50,055

 
$
6,935

 
$
2,079

 
$
114,349

Specific allowance
$
—

 
$
1,624

 
$
—

 
$
3,661

 
$
3

 
$
35

 
$
5,323

Specific allowance to impaired loans
N/A

 
3.01
%
 
N/A

 
7.31
%
 
0.04
%
 
1.68
%
 
4.66
%
Other loans
$
49,774

 
$
8,088,056

 
$
315,112

 
$
1,730,814

 
$
159,729

 
$
645,023

 
$
10,988,508

General allowance
$
88

 
$
56,040

 
$
930

 
$
17,094

 
$
1,713

 
$
3,353

 
$
79,218

General allowance to other loans
0.18
%
 
0.69
%
 
0.30
%
 
0.99
%
 
1.07
%
 
0.52
%
 
0.72
%
Total loans outstanding
$
49,774

 
$
8,142,036

 
$
316,412

 
$
1,780,869

 
$
166,664

 
$
647,102

 
$
11,102,857

Total allowance for loan losses
$
88

 
$
57,664

 
$
930

 
$
20,755

 
$
1,716

 
$
3,388

 
$
84,541

Total allowance to total loans
0.18
%
 
0.71
%
 
0.29
%
 
1.17
%
 
1.03
%
 
0.52
%
 
0.76
%
Troubled Debt Restructurings
A summary of TDRs on accrual and nonaccrual by type of concession as of December 31, 2018 and December 31, 2017 are presented below:
 
December 31, 2018
 
TDRs on Accrual Status
 
TDRs on Nonaccrual Status
 
Total TDRs
 
Real Estate
 
Commercial
Business
 
Other
 
Total
 
Real Estate
 
Commercial
Business
 
Other
 
Total
 
 
(Dollars in thousands)
Payment concession
$
5,142

 
$
961

 
$
—

 
$
6,103

 
$
2,216

 
$
746

 
$
—

 
$
2,962

 
$
9,065

Maturity / amortization concession
14,012

 
17,257

 
7,391

 
38,660

 
—

 
10,166

 
73

 
10,239

 
48,899

Rate concession
4,872

 
672

 
103

 
5,647

 
401

 
—

 
—

 
401

 
6,048

Total
$
24,026

 
$
18,890

 
$
7,494

 
$
50,410

 
$
2,617

 
$
10,912

 
$
73

 
$
13,602

 
$
64,012

 
December 31, 2017
 
TDRs on Accrual Status

TDRs on Nonaccrual Status

Total TDRs
 
Real Estate

Commercial
Business

Other

Total

Real Estate

Commercial
Business

Other

Total

 
(Dollars in thousands)
Payment concession
$
22,550

 
$
376

 
$
—

 
$
22,926

 
$
3,071

 
$
170

 
$
—

 
$
3,241

 
$
26,167

Maturity / amortization concession
4,768

 
25,584

 
7,442

 
37,794

 
1,536

 
5,264

 
98

 
6,898

 
44,692

Rate concession
5,444

 
996

 
90

 
6,530

 
1,083

 
18

 
—

 
1,101

 
7,631

Total
$
32,762

 
$
26,956

 
$
7,532

 
$
67,250

 
$
5,690

 
$
5,452

 
$
98

 
$
11,240

 
$
78,490

The following table presents loans by class modified as TDRs that occurred during the years ended December 31, 2018, 2017, and 2016:
 
For The Years Ended December 31,
 
2018
 
2017
 
2016
 
Number of Loans 
 
Pre-Modification
 
Post-Modification 
 
Number of Loans 
 
Pre-Modification
 
Post-Modification 
 
Number of Loans 
 
Pre-Modification
 
Post-Modification 
 
(Dollars in thousands)
Legacy Loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Real Estate - Residential
—
 
$
—

 
$
—

 
—
 
$
—

 
$
—

 
—
 
$
—

 
$
—

Real Estate - Commercial
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Retail
2
 
53

 
53

 
2
 
1,082

 
1,082

 
—
 
—

 
—

Hotel & Motel
—
 
—

 
—

 
1
 
1,044

 
1,044

 
—
 
—

 
—

Gas Station & Car Wash
—
 
—

 
—

 
—
 
—

 
—

 
—
 
—

 
—

Mixed Use
—
 
—

 
—

 
—
 
—

 
—

 
—
 
—

 
—

Industrial & Warehouse
1
 
2,070

 
2,070

 
1
 
465

 
465

 
—
 
—

 
—

Other
1
 
1,215

 
1,215

 
—
 
—

 
—

 
3
 
1,675

 
6,824

Real Estate - Construction
—
 
—

 
—

 
—
 
—

 
—

 
—
 
—

 
—

Commercial business
18
 
10,972

 
10,972

 
14
 
8,507

 
8,507

 
12
 
12,311

 
7,413

Trade Finance
1
 
898

 
898

 
—
 
—

 
—

 
—
 
—

 
—

Consumer and Other
1
 
63

 
63

 
—
 
—

 
—

 
1
 
—

 
91

Subtotal
24
 
$
15,271

 
$
15,271

 
18
 
$
11,098

 
$
11,098

 
16
 
$
13,986

 
$
14,328

Acquired Loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Real Estate - Residential
—
 
—

 
—

 
—
 
—

 
—

 
—
 
—

 
—

Real Estate - Commercial
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Retail
—
 
—

 
—

 
3
 
1,642

 
1,642

 
1
 
1,377

 
1,335

Hotel & Motel
—
 
—

 
—

 
1
 
482

 
482

 
—
 
—

 
—

Gas Station & Car Wash
—
 
—

 
—

 
—
 
—

 
—

 
—
 
—

 
—

Mixed Use
1
 
73

 
73

 
—
 
—

 
—

 
—
 
—

 
—

Industrial & Warehouse
—
 
—

 
—

 
—
 
—

 
—

 
—
 
—

 
—

Other
1
 
2,688

 
2,688

 
2
 
6,946

 
6,946

 
—
 
—

 
—

Real Estate - Construction
1
 
230

 
230

 
—
 
—

 
—

 
—
 
—

 
—

Commercial business
—
 
—

 
—

 
8
 
4,224

 
4,224

 
1
 
13

 
11

Trade Finance
—
 
—

 
—

 
1
 
2,983

 
2,983

 
—
 
—

 
—

Consumer and Other
8
 
1,764

 
1,764

 
—
 
—

 
—

 
1
 
30

 
25

Subtotal
11
 
$
4,755

 
$
4,755

 
15
 
$
16,277

 
$
16,277

 
3
 
$
1,420

 
$
1,371

Total
35
 
$
20,026

 
$
20,026

 
33
 
$
27,375

 
$
27,375

 
19
 
$
15,406

 
$
15,699
Summary of Troubled Debt Restructurings with Subsequent Payment Default
$4 thousand.
The following table presents loans by class for TDRs that have been modified during the twelve months ended December 31, 2018, 2017, and 2016, and have subsequently had a payment default during the years ended December 31, 2018, 2017, and 2016, respectively:
 
For The Years Ended December 31,
 
2018
 
2017
 
2016
 
Number of
Loans
 
Balance
 
Number of
Loans
 
Balance
 
Number of
Loans
 
Balance
 
(Dollars in thousands)
Legacy Loans:
 
 
 
 
 
 
 
 
 
 
 
Real Estate - Residential
—
 
$
—

 
—
 
$
—

 
—
 
$
—

Real Estate - Commercial
 
 
 
 
 
 
 
 
 
 
 
Retail
1
 
53

 
—
 
—

 
—
 
—

Hotel & Motel
1
 
734

 
—
 
—

 
—
 
—

Gas Station & Car Wash
—
 
—

 
—
 
—

 
—
 
—

Mixed Use
—
 
—

 
—
 
—

 
—
 
—

Industrial & Warehouse
1
 
2,070

 
—
 
—

 
—
 
—

Other
1
 
1,215

 
—
 
—

 
—
 
—

Real Estate - Construction
—
 
—

 
—
 
—

 
—
 
—

Commercial Business
2
 
886

 
2
 
178

 
4
 
580

Trade Finance
—
 
—

 
—
 
—

 
—
 
—

Consumer and Other
—
 
—

 
—
 
—

 
—
 
—

Subtotal
6
 
$
4,958

 
2
 
$
178

 
4
 
$
580

Acquired Loans:
 
 
 
 
 
 
 
 
 
 
 
Real Estate - Residential
—
 
—

 
—
 
—

 
—
 
—

Real Estate - Commercial
 
 
 
 
 
 
 
 
 
 
 
Retail
—
 
—

 
—
 
—

 
—
 
—

Hotel & Motel
—
 
—

 
1
 
482

 
—
 
—

Mixed Use
—
 
—

 
—
 
—

 
—
 
—

Gas Station & Car Wash
—
 
—

 
—
 
—

 
—
 
—

Industrial & Warehouse
1
 
230

 
—
 
—

 
—
 
—

Other
—
 
—

 
1
 
2,977

 
—
 
—

Real Estate - Construction
—
 
—

 
—
 
—

 
—
 
—

Commercial Business
3
 
189

 
1
 
40

 
1
 
11

Trade Finance
—
 
—

 
—
 
—

 
—
 
—

Consumer and Other
—
 
—

 
—
 
—

 
1
 
25

Subtotal
4
 
$
419

 
3
 
$
3,499

 
2
 
$
36

Total
10
 
$
5,377

 
5
 
$
3,677

 
6
 
$
616