Cover
Cover - shares | 3 Months Ended | |
Mar. 31, 2022 | Apr. 29, 2022 | |
Cover [Abstract] | ||
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Period End Date | Mar. 31, 2022 | |
Document Transition Report | false | |
Entity File Number | 001-13253 | |
Entity Registrant Name | RENASANT CORP | |
Entity Incorporation, State or Country Code | MS | |
Entity Tax Identification Number | 64-0676974 | |
Entity Address, Address Line One | 209 Troy Street, | |
Entity Address, City or Town | Tupelo, | |
Entity Address, State or Province | MS | |
Entity Address, Postal Zip Code | 38804-4827 | |
City Area Code | 662 | |
Local Phone Number | 680-1001 | |
Title of 12(b) Security | Common stock, $5.00 par value per share | |
Trading Symbol | RNST | |
Security Exchange Name | NASDAQ | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Large Accelerated Filer | |
Entity Small Business | false | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 55,900,096 | |
Entity Central Index Key | 0000715072 | |
Amendment Flag | false | |
Document Fiscal Year Focus | 2022 | |
Document Fiscal Period Focus | Q1 | |
Current Fiscal Year End Date | --12-31 |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) $ in Thousands | Mar. 31, 2022 | Dec. 31, 2021 |
Assets | ||
Cash and due from banks | $ 230,947 | $ 182,710 |
Interest-bearing balances with banks | 1,376,546 | 1,695,255 |
Cash and cash equivalents | 1,607,493 | 1,877,965 |
Securities held to maturity (net of allowance for credit losses of $32 at each of March 31, 2022 and December 31, 2021) (fair value of $449,541 and $415,552, respectively) | 487,194 | 416,357 |
Securities available for sale, at fair value | 2,405,316 | 2,386,052 |
Loans held for sale, at fair value | 280,464 | 453,533 |
Loans, net of unearned income: | ||
Loans, net of unearned income | 10,313,459 | 10,020,914 |
Allowance for credit losses | (166,468) | (164,171) |
Loans, net | 10,146,991 | 9,856,743 |
Premises and equipment, net | 285,344 | 293,122 |
Other real estate owned: | ||
Total other real estate owned, net | 2,062 | 2,540 |
Goodwill | 946,291 | 939,683 |
Other intangible assets, net | 22,731 | 24,098 |
Bank-owned life insurance | 369,344 | 287,359 |
Mortgage servicing rights | 91,730 | 89,018 |
Other assets | 218,797 | 183,841 |
Total assets | 16,863,757 | 16,810,311 |
Deposits | ||
Noninterest-bearing | 4,706,256 | 4,718,124 |
Interest-bearing | 9,284,641 | 9,187,600 |
Total deposits | 13,990,897 | 13,905,724 |
Short-term borrowings | 111,279 | 13,947 |
Long-term debt | 435,416 | 471,209 |
Other liabilities | 188,523 | 209,578 |
Total liabilities | 14,726,115 | 14,600,458 |
Shareholders’ equity | ||
Preferred stock, $0.01 par value – 5,000,000 shares authorized; no shares issued and outstanding | 0 | 0 |
Common stock, $5.00 par value – 150,000,000 shares authorized; 59,296,725 shares issued; 55,880,666 and 55,756,233 shares outstanding, respectively | 296,483 | 296,483 |
Treasury stock, at cost – 3,416,059 and 3,540,492 shares, respectively | (114,050) | (118,027) |
Additional paid-in capital | 1,297,088 | 1,300,192 |
Retained earnings | 762,690 | 741,648 |
Accumulated other comprehensive loss, net of taxes | (104,569) | (10,443) |
Total shareholders’ equity | 2,137,642 | 2,209,853 |
Total liabilities and shareholders’ equity | 16,863,757 | 16,810,311 |
Non purchased loans and leases | ||
Loans, net of unearned income: | ||
Loans, net of unearned income | 9,338,890 | 9,011,011 |
Other real estate owned: | ||
Total other real estate owned, net | 531 | 951 |
Purchased loans | ||
Loans, net of unearned income: | ||
Loans, net of unearned income | 974,569 | 1,009,903 |
Other real estate owned: | ||
Total other real estate owned, net | $ 1,531 | $ 1,589 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parenthetical) (Unaudited) - USD ($) $ in Thousands | Mar. 31, 2022 | Dec. 31, 2021 |
Statement of Financial Position [Abstract] | ||
Allowance for credit losses - held to maturity securities | $ 32 | $ 32 |
Fair Value | $ 449,541 | $ 415,552 |
Preferred stock, par value (usd per share) | $ 0.01 | $ 0.01 |
Preferred stock, shares authorized (shares) | 5,000,000 | 5,000,000 |
Preferred stock, shares issued (shares) | 0 | 0 |
Preferred stock, shares outstanding (shares) | 0 | 0 |
Common stock, par value (usd per share) | $ 5 | $ 5 |
Common stock, shares authorized (shares) | 150,000,000 | 150,000,000 |
Common stock, shares issued (shares) | 59,296,725 | 59,296,725 |
Common stock, shares outstanding (shares) | 55,880,666 | 55,756,233 |
Treasury stock (in shares) | 3,416,059 | 3,540,492 |
Consolidated Statements of Inco
Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
Interest income | ||
Loans | $ 98,692 | $ 115,005 |
Securities | ||
Taxable | 8,934 | 4,917 |
Tax-exempt | 1,901 | 1,657 |
Other | 664 | 183 |
Total interest income | 110,191 | 121,762 |
Interest expense | ||
Deposits | 5,637 | 8,279 |
Borrowings | 4,925 | 3,835 |
Total interest expense | 10,562 | 12,114 |
Net interest income | 99,629 | 109,648 |
Provision for credit losses on loans | 1,500 | 0 |
Provision for credit losses | 1,500 | 0 |
Net interest income after provision for credit losses | 98,129 | 109,648 |
Noninterest income | ||
Service charges on deposit accounts | 9,562 | 8,023 |
Fees and commissions | 3,982 | 3,900 |
Insurance commissions | 2,554 | 2,237 |
Wealth management revenue | 5,924 | 4,792 |
Mortgage banking income | 9,633 | 50,733 |
Net gain on sales of securities | 0 | 1,357 |
BOLI income | 2,153 | 2,072 |
Other | 3,650 | 7,923 |
Total noninterest income | 37,458 | 81,037 |
Noninterest expense | ||
Salaries and employee benefits | 62,239 | 78,696 |
Data processing | 4,263 | 5,451 |
Net occupancy and equipment | 11,276 | 12,538 |
Other real estate owned | (241) | 41 |
Professional fees | 3,151 | 2,921 |
Advertising and public relations | 4,059 | 3,252 |
Intangible amortization | 1,366 | 1,598 |
Communications | 2,027 | 2,292 |
Merger and conversion related expenses | 687 | 0 |
Restructuring (benefit) charges | (455) | 292 |
Other | 5,733 | 8,854 |
Total noninterest expense | 94,105 | 115,935 |
Income (loss) before income taxes | 41,482 | 74,750 |
Income taxes | 7,935 | 16,842 |
Net income (loss) | $ 33,547 | $ 57,908 |
Basic earnings per share (usd per share) | $ 0.60 | $ 1.03 |
Diluted earnings per share (usd per share) | 0.60 | 1.02 |
Cash dividends per common share (usd per share) | $ 0.22 | $ 0.22 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
Statement of Comprehensive Income [Abstract] | ||
Net income | $ 33,547 | $ 57,908 |
Securities available for sale: | ||
Unrealized holding losses on securities | (100,462) | (14,943) |
Reclassification adjustment for gains realized in net income | 0 | (1,012) |
Amortization of unrealized holding gains on securities transferred to the held to maturity category | (74) | 0 |
Total securities available for sale | (100,536) | (15,955) |
Derivative instruments: | ||
Unrealized holding gains on derivative instruments | 6,379 | 10,984 |
Total derivative instruments | 6,379 | 10,984 |
Defined benefit pension and post-retirement benefit plans: | ||
Amortization of net actuarial loss recognized in net periodic pension cost | 31 | 42 |
Total defined benefit pension and post-retirement benefit plans | 31 | 42 |
Other comprehensive loss, net of tax | (94,126) | (4,929) |
Comprehensive (loss) income | $ (60,579) | $ 52,979 |
Consolidated Statements of Chan
Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($) $ in Thousands | Total | Common Stock | Treasury Stock | Additional Paid-In Capital | Retained Earnings | Accumulated Other Comprehensive Income (Loss) |
Beginning balance (in shares) at Dec. 31, 2020 | 56,200,487 | |||||
Beginning balance at Dec. 31, 2020 | $ 2,132,733 | $ 296,483 | $ (101,554) | $ 1,296,963 | $ 615,773 | $ 25,068 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||
Net income | 57,908 | 57,908 | ||||
Other comprehensive loss | (4,929) | (4,929) | ||||
Comprehensive (loss) income | 52,979 | |||||
Cash dividends | (12,564) | (12,564) | ||||
Issuance of common stock for stock-based compensation awards (in shares) | 93,859 | |||||
Issuance of common stock for stock-based compensation awards | (2,203) | 2,605 | (4,808) | |||
Stock-based compensation expense | 2,756 | 2,756 | ||||
Ending balance (in shares) at Mar. 31, 2021 | 56,294,346 | |||||
Ending balance at Mar. 31, 2021 | 2,173,701 | $ 296,483 | (98,949) | 1,294,911 | 661,117 | 20,139 |
Beginning balance (in shares) at Dec. 31, 2021 | 55,756,233 | |||||
Beginning balance at Dec. 31, 2021 | 2,209,853 | $ 296,483 | (118,027) | 1,300,192 | 741,648 | (10,443) |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||
Net income | 33,547 | 33,547 | ||||
Other comprehensive loss | (94,126) | (94,126) | ||||
Comprehensive (loss) income | (60,579) | |||||
Cash dividends | (12,505) | (12,505) | ||||
Issuance of common stock for stock-based compensation awards (in shares) | 124,433 | |||||
Issuance of common stock for stock-based compensation awards | (2,465) | 3,977 | (6,442) | |||
Stock-based compensation expense | 3,338 | 3,338 | ||||
Ending balance (in shares) at Mar. 31, 2022 | 55,880,666 | |||||
Ending balance at Mar. 31, 2022 | $ 2,137,642 | $ 296,483 | $ (114,050) | $ 1,297,088 | $ 762,690 | $ (104,569) |
Consolidated Statements of Ch_2
Consolidated Statements of Changes in Shareholders' Equity (Parenthetical) (Unaudited) - $ / shares | 3 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
Statement of Stockholders' Equity [Abstract] | ||
Cash dividends per common share (usd per share) | $ 0.22 | $ 0.22 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - USD ($) | 3 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
Operating activities | ||
Net income | $ 33,547,000 | $ 57,908,000 |
Adjustments to reconcile net income to net cash provided by (used in) operating activities: | ||
Provision for credit losses on loans | 1,500,000 | 0 |
Depreciation, amortization and accretion | 12,804,000 | 10,059,000 |
Deferred income tax expense | 4,649,000 | 5,542,000 |
Funding of mortgage loans held for sale | (595,046,000) | (1,143,349,000) |
Proceeds from sales of mortgage loans held for sale | 769,797,000 | 1,082,538,000 |
Gains on sales of mortgage loans held for sale | (6,047,000) | (33,901,000) |
Valuation adjustment to mortgage servicing rights | 0 | (13,561,000) |
Gains on sales of securities | 0 | (1,357,000) |
Gains on sales of premises and equipment | (3,000) | (22,000) |
Stock-based compensation expense | 3,338,000 | 2,756,000 |
Increase (decrease) in other assets | 5,746,000 | (11,800,000) |
Decrease in other liabilities | (24,469,000) | (11,601,000) |
Net cash provided by (used in) operating activities | 205,816,000 | (56,788,000) |
Investing activities | ||
Purchases of securities available for sale | (285,635,000) | (465,245,000) |
Proceeds from sales of securities available for sale | 0 | 155,391,000 |
Proceeds from call/maturities of securities available for sale | 128,155,000 | 95,382,000 |
Purchases of securities held to maturity | (79,434,000) | 0 |
Proceeds from call/maturities of securities held to maturity | 7,620,000 | 0 |
Net (increase) decrease in loans | (264,251,000) | 243,250,000 |
Purchases of premises and equipment | (2,030,000) | (2,630,000) |
Proceeds from sales of premises and equipment | 100,000 | 34,000 |
Purchase of bank-owned life insurance | (80,000,000) | 0 |
Net change in FHLB stock | (422,000) | (24,000) |
Proceeds from sales of other assets | 956,000 | 1,962,000 |
Net cash paid in acquisition of businesses | (10,066,000) | 0 |
Other, net | 207,000 | 1,346,000 |
Net cash (used in) provided by investing activities | (584,800,000) | 29,466,000 |
Financing activities | ||
Net (decrease) increase in noninterest-bearing deposits | (11,868,000) | 450,312,000 |
Net increase in interest-bearing deposits | 97,041,000 | 227,515,000 |
Net increase (decrease) in short-term borrowings | 67,852,000 | (9,186,000) |
Repayment of long-term debt | (32,008,000) | (42,000) |
Cash paid for dividends | (12,505,000) | (12,564,000) |
Net cash provided by financing activities | 108,512,000 | 656,035,000 |
Net (decrease) increase in cash and cash equivalents | (270,472,000) | 628,713,000 |
Cash and cash equivalents at beginning of period | 1,877,965,000 | 633,203,000 |
Cash and cash equivalents at end of period | 1,607,493,000 | 1,261,916,000 |
Supplemental disclosures | ||
Cash paid for interest | 10,324,000 | 15,108,000 |
Cash paid for income taxes | 6,195,000 | 18,032,000 |
Noncash transactions: | ||
Transfers of loans to other real estate owned | 200,000 | 2,039,000 |
Recognition of operating right-of-use assets | 30,000 | 3,601,000 |
Recognition of operating lease liabilities | $ 30,000 | $ 3,601,000 |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 3 Months Ended |
Mar. 31, 2022 | |
Accounting Policies [Abstract] | |
Summary of Significant Accounting Policies | Summary of Significant Accounting Policies (In Thousands) Nature of Operations : Renasant Corporation (referred to herein as the “Company”) owns and operates Renasant Bank (“Renasant Bank” or the “Bank”), Renasant Insurance, Inc., Park Place Capital Corporation and Southeastern Commercial Finance, LLC. Through its subsidiaries, the Company offers a diversified range of financial, wealth management, fiduciary and insurance services to its retail and commercial customers from full service offices located throughout Mississippi, Tennessee, Alabama, Georgia, Florida, North Carolina and South Carolina. The Company acquired Southeastern Commercial Finance, LLC, an asset-based lending company headquartered in Birmingham, Alabama, effective March 1, 2022. Basis of Presentation : The accompanying unaudited consolidated financial statements of the Company and its subsidiaries have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and in accordance with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. For further information regarding the Company’s significant accounting policies, refer to the audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021 filed with the Securities and Exchange Commission on February 25, 2022. Use of Estimates : The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates, and such differences may be material. Impact of Recently-Issued Accounting Standards and Pronouncements : In March 2022, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2022-01, “Derivatives and Hedging (Topic 815): Fair Value Hedging - Portfolio Layer Method” (“ASU 2022-01”), which expands the last-of-layer method (which previously allowed entities to hedge exposure of a closed portfolio of prepayable financial assets to fair value changes due to changes in interest rates for a portion of the portfolio that is not expected to be affected by prepayments, defaults and other events impacting the timing and amount of cash flows on only one hedged layer) to the portfolio layer method which allows for multiple hedged layers in a single closed portfolio. ASU 2022-01 also expands the scope to include non-prepayable financial assets, specifies eligible hedging instruments in a single layer hedge, provides guidance on the accounting for and disclosure of hedge basis adjustment under the portfolio layer method and specifies how hedge basis adjustments should be considered when determining credit losses for assets included in a closed portfolio. ASU 2022-01 will be effective on January 1, 2023. Early adoption is permitted, including in an interim period. ASU 2022-01 is not expected to have a significant impact on the Company’s financial statements. In March 2022, the FASB issued ASU 2022-02, “Financial Instruments - Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures” (“ASU 2022-02”) , which eliminates the accounting guidance for troubled debt restructurings in Accounting Standards Codification (“ASC”) Subtopic 310-40, “Receivables - Troubled Debt Restructurings by Creditors , ” while enhancing disclosure requirements for certain loan refinancings and restructurings by creditors when a borrower is experiencing financial difficulty. Additionally, ASU 2022-02 requires entities to disclose current-period gross write-offs by year of origination for financing receivables and net investments in leases. ASU 2022-02 will be effective on January 1, 2023. Early adoption is permitted, including in an interim period. The adoption of this accounting pronouncement will have no impact on the Company’s financial statements aside from additional and revised disclosures. |
Securities
Securities | 3 Months Ended |
Mar. 31, 2022 | |
Investments, Debt and Equity Securities [Abstract] | |
Securities | Securities (In Thousands, Except Number of Securities) The amortized cost and fair value of securities available for sale were as follows as of the dates presented in the tables below. There was no allowance for credit losses allocated to any of the Company’s available for sale securities as of March 31, 2022 or December 31, 2021. Amortized Gross Gross Fair March 31, 2022 U.S. Treasury securities $ 2,000 $ — $ — $ 2,000 Obligations of states and political subdivisions 161,565 1,117 (5,205) 157,477 Residential mortgage backed securities: Government agency mortgage backed securities 969,140 1,249 (48,493) 921,896 Government agency collateralized mortgage obligations 1,094,043 5 (83,591) 1,010,457 Commercial mortgage backed securities: Government agency mortgage backed securities 11,277 — (371) 10,906 Government agency collateralized mortgage obligations 221,955 87 (12,852) 209,190 Other debt securities 94,996 385 (1,991) 93,390 $ 2,554,976 $ 2,843 $ (152,503) $ 2,405,316 Amortized Gross Gross Fair December 31, 2021 U.S. Treasury securities $ 3,007 $ 3 $ — $ 3,010 Obligations of other U.S. Government agencies and corporations 153,847 5,532 (269) 159,110 Obligations of states and political subdivisions — — — — Residential mortgage backed securities: Government agency mortgage backed securities 967,497 7,854 (6,816) 968,535 Government agency collateralized mortgage obligations 1,008,514 457 (20,371) 988,600 Commercial mortgage backed securities: Government agency mortgage backed securities 14,717 365 (1) 15,081 Government agency collateralized mortgage obligations 216,859 812 (3,419) 214,252 Trust preferred securities — — — — Other debt securities 36,515 1,097 (148) 37,464 $ 2,400,956 $ 16,120 $ (31,024) $ 2,386,052 The amortized cost and fair value of securities held to maturity were as follows as of the dates presented: Amortized Gross Gross Fair March 31, 2022 Obligations of states and political subdivisions $ 290,588 $ — $ (26,969) $ 263,619 Residential mortgage backed securities Government agency mortgage backed securities 95,369 — (3,943) 91,426 Government agency collateralized mortgage obligations 23,403 — (1,904) 21,499 Commercial mortgage backed securities: Government agency mortgage backed securities 17,022 — (1,488) 15,534 Government agency collateralized mortgage obligations 38,906 — (2,261) 36,645 Other debt securities 21,938 — (1,120) 20,818 $ 487,226 $ — $ (37,685) $ 449,541 Allowance for credit losses - held to maturity securities (32) Held to maturity securities, net of allowance for credit losses $ 487,194 Amortized Gross Gross Fair December 31, 2021 Obligations of states and political subdivisions $ 267,641 $ 333 $ (685) $ 267,289 Residential mortgage backed securities Government agency mortgage backed securities 60,507 1 (198) 60,310 Government agency collateralized mortgage obligations 24,832 — (92) 24,740 Commercial mortgage backed securities: Government agency mortgage backed securities 1,855 — — 1,855 Government agency collateralized mortgage obligations 39,505 — (117) 39,388 Other debt securities 22,049 — (79) 21,970 $ 416,389 $ 334 $ (1,171) $ 415,552 Allowance for credit losses - held to maturity securities (32) Held to maturity securities, net of allowance for credit losses $ 416,357 There were no securities sold during the three months ended March 31, 2022. Securities sold during the three months ended March 31, 2021 were as set forth in the table below. Carrying Value Net Proceeds Gain/(Loss) Three months ended March 31, 2021 Obligations of states and political subdivisions $ 47 $ 50 $ 3 Residential mortgage backed securities: Government agency mortgage backed securities 136,340 139,735 3,395 Government agency collateralized mortgage obligations 5,626 5,646 20 Trust preferred securities 12,021 9,960 (2,061) $ 154,034 $ 155,391 $ 1,357 Gross realized gains and losses on sales of securities available for sale for the three months ended March 31, 2021 were as follows: Three Months Ended March 31, 2021 Gross gains on sales of securities available for sale $ 3,508 Gross losses on sales of securities available for sale (2,151) Gains on sales of securities available for sale, net $ 1,357 At March 31, 2022 and December 31, 2021, securities with a carrying value of $684,687 and $607,681, respectively, were pledged to secure government, public and trust deposits. Securities with a carrying value of $18,305 and $21,493 were pledged as collateral for short-term borrowings and derivative instruments at March 31, 2022 and December 31, 2021, respectively. The amortized cost and fair value of securities at March 31, 2022 by contractual maturity are shown below. Expected maturities will differ from contractual maturities because issuers may call or prepay obligations with or without call or prepayment penalties. Held to Maturity Available for Sale Amortized Fair Amortized Fair Due within one year $ 155 $ 155 $ 3,996 $ 4,003 Due after one year through five years 2,047 1,977 37,518 37,814 Due after five years through ten years 18,244 16,884 66,830 66,946 Due after ten years 270,142 244,603 88,851 84,252 Residential mortgage backed securities: Government agency mortgage backed securities 95,369 91,426 969,140 921,896 Government agency collateralized mortgage obligations 23,403 21,499 1,094,043 1,010,457 Commercial mortgage backed securities: Government agency mortgage backed securities 17,022 15,534 11,277 10,906 Government agency collateralized mortgage obligations 38,906 36,645 221,955 209,190 Other debt securities 21,938 20,818 61,366 59,852 $ 487,226 $ 449,541 $ 2,554,976 $ 2,405,316 The following tables present the age of gross unrealized losses and fair value by investment category for which an allowance for credit losses has not been recorded as of the dates presented: Less than 12 Months 12 Months or More Total # Fair Unrealized # Fair Unrealized # Fair Unrealized Available for Sale: March 31, 2022 Obligations of states and political subdivisions 41 $ 81,646 $ (4,767) 4 $ 5,805 $ (438) 45 $ 87,451 $ (5,205) Residential mortgage backed securities: Government agency mortgage backed securities 80 761,484 (43,653) 6 49,651 (4,840) 86 811,135 (48,493) Government agency collateralized mortgage obligations 61 932,820 (74,437) 4 77,376 (9,154) 65 1,010,196 (83,591) Commercial mortgage backed securities: Government agency mortgage backed securities 3 10,481 (371) 1 425 — 4 10,906 (371) Government agency collateralized mortgage obligations 24 150,009 (8,741) 7 40,496 (4,111) 31 190,505 (12,852) Other debt securities 10 51,369 (1,991) — — — 10 51,369 (1,991) Total 219 $ 1,987,809 $ (133,960) 22 $ 173,753 $ (18,543) 241 $ 2,161,562 $ (152,503) December 31, 2021 Obligations of states and political subdivisions 8 $ 34,303 $ (216) 3 $ 3,892 $ (53) 11 $ 38,195 $ (269) Residential mortgage backed securities: Government agency mortgage backed securities 41 727,546 (6,312) 1 12,305 (504) 42 739,851 (6,816) Government agency collateralized mortgage obligations 49 966,126 (20,371) — — — 49 966,126 (20,371) Commercial mortgage backed securities: Government agency mortgage backed securities 1 1,791 (1) 1 432 — 2 2,223 (1) Government agency collateralized mortgage obligations 21 160,919 (3,072) 2 9,005 (347) 23 169,924 (3,419) Trust preferred securities — — — — — — — — — Other debt securities 1 8,699 (148) — — — 1 8,699 (148) Total 121 $ 1,899,384 $ (30,120) 7 $ 25,634 $ (904) 128 $ 1,925,018 $ (31,024) Less than 12 Months 12 Months or More Total # Fair Unrealized # Fair Unrealized # Fair Unrealized Held to Maturity: March 31, 2022 Obligations of states and political subdivisions 127 $ 261,920 $ (26,786) 1 $ 1,699 $ (183) 128 $ 263,619 $ (26,969) Residential mortgage backed securities: Government agency mortgage backed securities 55 86,842 (3,599) 1 4,584 (344) 56 91,426 (3,943) Government agency collateralized mortgage obligations — — — 1 21,499 (1,904) 1 $ 21,499 $ (1,904) Commercial mortgage backed securities: Government agency mortgage backed securities 1 15,534 (1,488) — — — 1 $ 15,534 $ (1,488) Government agency collateralized mortgage obligations 6 31,380 (1,923) 1 5,265 (338) 7 $ 36,645 $ (2,261) Other debt securities 8 20,818 (1,120) — — — 8 $ 20,818 $ (1,120) Total 197 $ 416,494 $ (34,916) 4 $ 33,047 $ (2,769) 201 $ 449,541 $ (37,685) December 31, 2021 Obligations of states and political subdivisions 24 $ 62,131 $ (685) — $ — $ — 24 $ 62,131 $ (685) Residential mortgage backed securities: Government agency mortgage backed securities 50 53,560 (181) 1 5,354 (17) 51 58,914 (198) Government agency collateralized mortgage obligations 1 24,740 (92) — — — 1 24,740 (92) Commercial mortgage backed securities: Government agency collateralized mortgage obligations 7 39,388 (117) — — — 7 39,388 (117) Other debt securities 8 21,972 (79) — — — 8 21,972 (79) Total 90 $ 201,791 $ (1,154) 1 $ 5,354 $ (17) 91 $ 207,145 $ (1,171) The Company evaluates its investment portfolio for impairment related to credit losses on a quarterly basis. Impairment is assessed at the individual security level. The Company considers an investment security impaired if the fair value of the security is less than its cost or amortized cost basis. If the Company intends to sell the investment security or if the Company does not expect to recover the entire amortized cost basis of the security before the Company is required to sell the security or before the security’s maturity, the security is impaired and written down to fair value with all losses recognized in earnings. The Company does not intend to sell any securities in an unrealized loss position, and it is not more likely than not that the Company will be required to sell any such security prior to the recovery of its amortized cost basis, which may be maturity. Furthermore, even though a number of these securities have been in a continuous unrealized loss position for a period longer than twelve months, the Company is collecting principal and interest payments from the respective issuers as scheduled. Based upon its review of securities with unrealized losses as of March 31, 2022, the Company determined that all such losses resulted from factors not deemed credit related. As such, the Company did not record any impairment for the first quarter. The allowance for credit losses on held to maturity securities was $32 at March 31, 2022 and December 31, 2021. The Company monitors the credit quality of debt securities held to maturity using bond investment grades assigned by third party ratings agencies. Updated investment grades are obtained as they become available from agencies. On March 31, 2022, 99.9% of the amortized cost of debt securities held to maturity were rated A or higher by the ratings agencies. |
Non Purchased Loans
Non Purchased Loans | 3 Months Ended |
Mar. 31, 2022 | |
Receivables [Abstract] | |
Non Purchased Loans | Non Purchased Loans (In Thousands, Except Number of Loans) For purposes of this Note 3, all references to “loans” mean non purchased loans excluding loans held for sale. The following is a summary of non purchased loans and leases as of the dates presented: March 31, December 31, 2021 Commercial, financial, agricultural (1) $ 1,336,239 $ 1,332,962 Lease financing 94,954 80,192 Real estate – construction: Residential 305,396 300,988 Commercial 911,532 798,914 Total real estate – construction 1,216,928 1,099,902 Real estate – 1-4 family mortgage: Primary 1,803,750 1,682,050 Home equity 424,426 423,108 Rental/investment 274,117 268,245 Land development 142,294 135,070 Total real estate – 1-4 family mortgage 2,644,587 2,508,473 Real estate – commercial mortgage: Owner-occupied 1,318,446 1,329,219 Non-owner occupied 2,510,981 2,446,370 Land development 116,113 110,395 Total real estate – commercial mortgage 3,945,540 3,885,984 Installment loans to individuals 105,754 107,565 Gross loans 9,344,002 9,015,078 Unearned income (5,112) (4,067) Loans, net of unearned income $ 9,338,890 $ 9,011,011 (1) Includes Paycheck Protection Program (“PPP”) loans of $8,382 and $58,391 as of March 31, 2022 and December 31, 2021, respectively. Past Due and Nonaccrual Loans Loans are considered past due if the required principal and interest payments have not been received as of the date such payments were due. Generally, the recognition of interest on loans is discontinued at the time the loan is 90 days past due unless the credit is well-secured and in process of collection. Consumer and other retail loans are typically charged-off no later than the time the loan is 120 days past due. In all cases, loans are placed on nonaccrual status or charged-off at an earlier date if collection of principal or interest is considered doubtful. Loans may be placed on nonaccrual status regardless of whether or not such loans are considered past due. For loans that are placed on nonaccrual status or charged-off, all interest accrued for the current year but not collected is reversed against interest income. The interest on these loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual status. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. The following tables provide an aging of past due accruing and nonaccruing loans, segregated by class, as of the dates presented: Accruing Loans Nonaccruing Loans 30-89 Days 90 Days Current Total 30-89 Days 90 Days Current Total Total March 31, 2022 Commercial, financial, agricultural $ 1,519 $ 77 $ 1,329,682 $ 1,331,278 $ 739 $ 2,875 $ 1,347 $ 4,961 $ 1,336,239 Lease financing — — 94,954 94,954 — — — — 94,954 Real estate – construction: Residential 1,857 — 303,539 305,396 — — — — 305,396 Commercial — — 911,532 911,532 — — — — 911,532 Total real estate – construction 1,857 — 1,215,071 1,216,928 — — — — 1,216,928 Real estate – 1-4 family mortgage: Primary 16,852 — 1,771,806 1,788,658 4,018 6,812 4,262 15,092 1,803,750 Home equity 1,953 32 420,995 422,980 54 1,012 380 1,446 424,426 Rental/investment 562 100 272,736 273,398 16 438 265 719 274,117 Land development 332 — 141,441 141,773 — 333 188 521 142,294 Total real estate – 1-4 family mortgage 19,699 132 2,606,978 2,626,809 4,088 8,595 5,095 17,778 2,644,587 Real estate – commercial mortgage: Owner-occupied 2,617 — 1,312,212 1,314,829 2,809 808 — 3,617 1,318,446 Non-owner occupied 662 — 2,504,698 2,505,360 — — 5,621 5,621 2,510,981 Land development 202 — 115,582 115,784 — 292 37 329 116,113 Total real estate – commercial mortgage 3,481 — 3,932,492 3,935,973 2,809 1,100 5,658 9,567 3,945,540 Installment loans to individuals 674 — 104,813 105,487 3 20 244 267 105,754 Unearned income — — (5,112) (5,112) — — — — (5,112) Loans, net of unearned income $ 27,230 $ 209 $ 9,278,878 $ 9,306,317 $ 7,639 $ 12,590 $ 12,344 $ 32,573 $ 9,338,890 Accruing Loans Nonaccruing Loans 30-89 Days 90 Days Current Total 30-89 Days 90 Days Current Total Total December 31, 2021 Commercial, financial, agricultural $ 3,325 $ 103 $ 1,323,774 $ 1,327,202 $ 1,669 $ 2,665 $ 1,426 $ 5,760 $ 1,332,962 Lease financing — — 80,181 80,181 — 11 — 11 80,192 Real estate – construction: Residential 1,077 — 299,911 300,988 — — — — 300,988 Commercial — — 798,914 798,914 — — — — 798,914 Total real estate – construction 1,077 — 1,098,825 1,099,902 — — — — 1,099,902 Real estate – 1-4 family mortgage: Primary 14,785 389 1,652,940 1,668,114 1,920 8,195 3,821 13,936 1,682,050 Home equity 1,468 — 420,695 422,163 182 546 217 945 423,108 Rental/investment 401 445 266,353 267,199 — 771 275 1,046 268,245 Land development 431 — 134,382 134,813 — 65 192 257 135,070 Total real estate – 1-4 family mortgage 17,085 834 2,474,370 2,492,289 2,102 9,577 4,505 16,184 2,508,473 Real estate – commercial mortgage: Owner-occupied 720 36 1,325,776 1,326,532 163 822 1,702 2,687 1,329,219 Non-owner occupied 260 89 2,440,513 2,440,862 — — 5,508 5,508 2,446,370 Land development 476 — 109,575 110,051 — 292 52 344 110,395 Total real estate – commercial mortgage 1,456 125 3,875,864 3,877,445 163 1,114 7,262 8,539 3,885,984 Installment loans to individuals 978 12 106,318 107,308 30 95 132 257 107,565 Unearned income — — (4,067) (4,067) — — — — (4,067) Loans, net of unearned income $ 23,921 $ 1,074 $ 8,955,265 $ 8,980,260 $ 3,964 $ 13,462 $ 13,325 $ 30,751 $ 9,011,011 Restructured loans not performing in accordance with their restructured terms that are either contractually 90 days or more past due or placed on nonaccrual status are reported as nonperforming loans. There were no restructured loans contractually 90 days past due or more and still accruing at March 31, 2022 or March 31, 2021. The outstanding balance of restructured loans on nonaccrual status was $15,267 and $5,965 at March 31, 2022 and March 31, 2021, respectively. Restructured Loans Restructured loans are those for which concessions have been granted to the borrower due to a deterioration of the borrower’s financial condition and which are performing in accordance with the new terms. Such concessions may include reduction in interest rates or deferral of interest or principal payments. In evaluating whether to restructure a loan, management analyzes the long-term financial condition of the borrower, including guarantor and collateral support, to determine whether the proposed concessions will increase the likelihood of repayment of principal and interest. The tables below illustrate the impact of modifications classified as restructured loans which were made during the periods presented and held on the Consolidated Balance Sheets at the respective period end. Number of Pre- Post- Three months ended March 31, 2022 Real estate – 1-4 family mortgage: Primary 7 $ 865 $ 873 Real estate – commercial mortgage: Owner-occupied 1 6,500 6,500 Total 8 $ 7,365 $ 7,373 Three months ended March 31, 2021 Real estate – 1-4 family mortgage: Primary 3 $ 432 $ 435 Real estate – commercial mortgage: Non-owner occupied 1 837 810 Total 4 $ 1,269 $ 1,245 With respect to loans that were restructured during the three months ended March 31, 2022 and March 31, 2021, none have subsequently defaulted as of the date of this report. Changes in the Company’s restructured loans are set forth in the table below: Number of Recorded Totals at January 1, 2022 97 $ 14,650 Additional advances or loans with concessions 8 7,403 Reductions due to: Reclassified as nonperforming (4) (452) Paid in full (5) (530) Principal paydowns — (91) Totals at March 31, 2022 96 $ 20,980 The allowance for credit losses attributable to restructured loans was $646 and $328 at March 31, 2022 and March 31, 2021, respectively. The Company had $305 in remaining availability under commitments to lend additional funds on these restructured loans at March 31, 2022 and no remaining availability at March 31, 2021. Credit Quality For loans with a commercial purpose, internal risk-rating grades are assigned by lending, credit administration or loan review personnel, based on an analysis of the financial and collateral strength and other credit attributes underlying each loan. Management analyzes the resulting ratings, as well as other external statistics and factors such as delinquency, to track the migration performance of the portfolio balances of commercial and commercial real estate secured loans. Loan grades range between 1 and 9, with 1 being loans with the least credit risk. Loans within the “Pass” grade (reserved for loans with a risk rating between 1 and 4C) generally have a lower risk of loss and therefore a lower risk factor applied to the loan balances. The “Special Mention” grade (those with a risk rating of 4E) represents a loan where a significant adverse risk-modifying action is anticipated in the near term and, if left uncorrected, could result in deterioration of the credit quality of the loan. Loans that migrate toward the “Substandard” grade (those with a risk rating between 5 and 9) generally have a higher risk of loss and therefore a higher risk factor applied to those related loan balances. The following tables present the Company’s loan portfolio by year of origination and internal risk-rating grades as of the dates presented: Term Loans Amortized Cost Basis by Origination Year 2022 2021 2020 2019 2018 Prior Revolving Loans Revolving Loans Converted to Term Total March 31, 2022 Commercial, Financial, Agricultural $ 96,762 $ 276,836 $ 184,316 $ 105,812 $ 39,160 $ 21,356 $ 573,245 $ 4,504 $ 1,301,991 Pass 96,208 275,666 176,524 105,294 37,590 20,606 571,066 3,497 1,286,451 Special Mention 89 — — 194 272 — 601 — 1,156 Substandard 465 1,170 7,792 324 1,298 750 1,578 1,007 14,384 Lease Financing Receivables $ 19,463 $ 24,644 $ 21,969 $ 14,215 $ 6,758 $ 2,793 $ — $ — $ 89,842 Pass 19,463 24,644 21,969 14,215 6,758 2,341 — — 89,390 Special Mention — — — — — 452 — — 452 Substandard — — — — — — — — — Real Estate - Construction $ 162,809 $ 482,341 $ 318,316 $ 145,402 $ 15,525 $ — $ 6,539 $ 602 $ 1,131,534 Residential $ 61,146 $ 150,122 $ 6,025 $ — $ — $ — $ 2,107 $ 602 $ 220,002 Pass 61,146 150,122 6,025 — — — 2,107 602 220,002 Special Mention — — — — — — — — — Substandard — — — — — — — — — Commercial $ 101,663 $ 332,219 $ 312,291 $ 145,402 $ 15,525 $ — $ 4,432 $ — $ 911,532 Pass 101,663 331,298 312,291 145,402 15,525 — 4,432 — 910,611 Special Mention — 921 — — — — — — 921 Substandard — — — — — — — — — Real Estate - 1-4 Family Mortgage $ 86,992 $ 180,183 $ 67,130 $ 43,262 $ 24,115 $ 29,405 $ 26,986 $ 854 $ 458,927 Primary $ 7,747 $ 12,478 $ 6,702 $ 2,969 $ 4,159 $ 4,803 $ 6,002 $ — $ 44,860 Pass 7,538 12,478 6,702 2,848 4,159 4,436 5,991 — 44,152 Special Mention — — — — — — — — — Substandard 209 — — 121 — 367 11 — 708 Home Equity $ — $ 1,324 $ — $ 41 $ 127 $ — $ 13,817 $ 9 $ 15,318 Pass — 1,324 — 41 127 — 13,817 9 15,318 Special Mention — — — — — — — — — Substandard — — — — — — — — — Rental/Investment $ 41,987 $ 100,533 $ 51,166 $ 29,396 $ 19,608 $ 24,032 $ 6,321 $ 845 $ 273,888 Pass 41,966 100,456 50,958 28,363 19,339 23,306 6,321 845 271,554 Special Mention — — — — — — — — — Substandard 21 77 208 1,033 269 726 — — 2,334 Land Development $ 37,258 $ 65,848 $ 9,262 $ 10,856 $ 221 $ 570 $ 846 $ — $ 124,861 Pass 37,258 65,848 8,974 10,832 221 570 846 — 124,549 Special Mention — — — — — — — — — Substandard — — 288 24 — — — — 312 Real Estate - Commercial Mortgage $ 398,640 $ 1,095,513 $ 790,229 $ 608,176 $ 304,844 $ 578,577 $ 137,549 $ 19,906 $ 3,933,434 Owner-Occupied $ 121,718 $ 302,860 $ 266,970 $ 197,621 $ 146,863 $ 219,190 $ 55,759 $ 7,316 $ 1,318,297 Term Loans Amortized Cost Basis by Origination Year 2022 2021 2020 2019 2018 Prior Revolving Loans Revolving Loans Converted to Term Total Pass 121,353 301,595 265,142 196,020 145,137 203,852 55,759 6,347 1,295,205 Special Mention — 1,191 — 347 — 3,127 — 932 5,597 Substandard 365 74 1,828 1,254 1,726 12,211 — 37 17,495 Non-Owner Occupied $ 260,565 $ 749,262 $ 507,210 $ 400,465 $ 152,176 $ 356,205 $ 72,478 $ 12,590 $ 2,510,951 Pass 260,361 740,078 507,210 387,131 152,176 292,279 72,478 12,590 2,424,303 Special Mention — 9,184 — 11,322 — 24,606 — — 45,112 Substandard 204 — — 2,012 — 39,320 — — 41,536 Land Development $ 16,357 $ 43,391 $ 16,049 $ 10,090 $ 5,805 $ 3,182 $ 9,312 $ — $ 104,186 Pass 14,759 43,123 15,713 10,090 5,724 3,182 9,312 — 101,903 Special Mention — 43 — — — — — — 43 Substandard 1,598 225 336 — 81 — — — 2,240 Installment loans to individuals $ 73 $ — $ — $ 37 $ — $ — $ — $ — $ 110 Pass 73 — — 37 — — — — 110 Special Mention — — — — — — — — — Substandard — — — — — — — — — Total loans subject to risk rating $ 764,739 $ 2,059,517 $ 1,381,960 $ 916,904 $ 390,402 $ 632,131 $ 744,319 $ 25,866 $ 6,915,838 Pass 761,788 2,046,632 1,371,508 900,273 386,756 550,572 742,129 23,890 6,783,548 Special Mention 89 11,339 — 11,863 272 28,185 601 932 53,281 Substandard 2,862 1,546 10,452 4,768 3,374 53,374 1,589 1,044 79,009 Term Loans Amortized Cost Basis by Origination Year 2021 2020 2019 2018 2017 Prior Revolving Loans Revolving Loans Converted to Term Total December 31, 2021 Commercial, Financial, Agricultural $ 300,748 $ 245,940 $ 122,350 $ 44,533 $ 15,384 $ 11,103 $ 557,628 $ 2,757 $ 1,300,443 Pass 299,731 245,657 120,102 43,042 14,603 8,605 553,541 2,002 1,287,283 Special Mention — 136 1,798 281 605 1,196 651 — 4,667 Substandard 1,017 147 450 1,210 176 1,302 3,436 755 8,493 Real Estate - Construction $ 461,370 $ 371,694 $ 174,369 $ 14,813 $ — $ — $ 3,769 $ 2,428 $ 1,028,443 Residential $ 210,734 $ 12,598 $ — $ — $ — $ — $ 3,769 $ 2,428 $ 229,529 Pass 210,734 12,598 — — — — 3,769 2,428 229,529 Special Mention — — — — — — — — — Substandard — — — — — — — — — Commercial $ 250,636 $ 359,096 $ 174,369 $ 14,813 $ — $ — $ — $ — $ 798,914 Pass 250,636 359,096 174,369 14,813 — — — — 798,914 Special Mention — — — — — — — — — Substandard — — — — — — — — — Term Loans Amortized Cost Basis by Origination Year 2021 2020 2019 2018 2017 Prior Revolving Loans Revolving Loans Converted to Term Total Real Estate - 1-4 Family Mortgage $ 205,137 $ 83,038 $ 60,240 $ 30,044 $ 28,340 $ 8,846 $ 25,534 $ 941 $ 442,120 Primary $ 15,599 $ 7,698 $ 3,662 $ 5,985 $ 4,150 $ 1,066 $ 4,727 $ — $ 42,887 Pass 15,599 7,698 3,496 5,985 4,066 1,057 4,716 — 42,617 Special Mention — — — — — — — — — Substandard — — 166 — 84 9 11 — 270 Home Equity $ 1,318 $ — $ 42 $ 131 $ — $ — $ 13,615 $ 10 $ 15,116 Pass 1,318 — 42 131 — — 13,615 10 15,116 Special Mention — — — — — — — — — Substandard — — — — — — — — — Rental/Investment $ 111,006 $ 61,801 $ 33,734 $ 23,520 $ 23,890 $ 7,469 $ 5,554 $ 931 $ 267,905 Pass 110,987 60,855 32,733 23,246 23,708 7,098 5,554 931 265,112 Special Mention — 249 — — — — — — 249 Substandard 19 697 1,001 274 182 371 — — 2,544 Land Development $ 77,214 $ 13,539 $ 22,802 $ 408 $ 300 $ 311 $ 1,638 $ — $ 116,212 Pass 74,818 13,539 22,769 408 300 311 1,638 — 113,783 Special Mention 2,396 — — — — — — — 2,396 Substandard — — 33 — — — — — 33 Real Estate - Commercial Mortgage $ 1,168,118 $ 836,549 $ 680,506 $ 344,089 $ 298,644 $ 376,652 $ 147,446 $ 21,644 $ 3,873,648 Owner-Occupied $ 312,031 $ 305,686 $ 220,057 $ 164,345 $ 140,265 $ 117,767 $ 59,126 $ 9,748 $ 1,329,025 Pass 310,736 304,555 218,447 161,521 134,410 109,577 59,126 8,036 1,306,408 Special Mention 1,210 1,131 — — 1,733 328 — 1,712 6,114 Substandard 85 — 1,610 2,824 4,122 7,862 — — 16,503 Non-Owner Occupied $ 809,784 $ 511,803 $ 449,409 $ 173,123 $ 155,175 $ 256,133 $ 79,016 $ 11,896 $ 2,446,339 Pass 800,348 503,009 436,062 165,843 102,446 242,665 79,016 11,896 2,341,285 Special Mention 9,235 8,794 11,356 7,280 33,176 8,024 — — 77,865 Substandard 201 — 1,991 — 19,553 5,444 — — 27,189 Land Development $ 46,303 $ 19,060 $ 11,040 $ 6,621 $ 3,204 $ 2,752 $ 9,304 $ — $ 98,284 Pass 46,034 17,030 11,040 6,569 3,204 2,752 9,304 — 95,933 Special Mention 44 — — — — — — — 44 Substandard 225 2,030 — 52 — — — — 2,307 Installment loans to individuals $ — $ — $ 42 $ — $ — $ — $ — $ — $ 42 Pass — — 42 — — — — — 42 Special Mention — — — — — — — — — Substandard — — — — — — — — — Total loans subject to risk rating $ 2,135,373 $ 1,537,221 $ 1,037,507 $ 433,479 $ 342,368 $ 396,601 $ 734,377 $ 27,770 $ 6,644,696 Pass 2,120,941 1,524,037 1,019,102 421,558 282,737 372,065 730,279 25,303 6,496,022 Special Mention 12,885 10,310 13,154 7,561 35,514 9,548 651 1,712 91,335 Substandard 1,547 2,874 5,251 4,360 24,117 14,988 3,447 755 57,339 The following tables present the performing status of the Company’s loan portfolio not subject to risk rating as of the dates presented: Term Loans Amortized Cost Basis by Origination Year 2022 2021 2020 2019 2018 Prior Revolving Loans Revolving Loans Converted to Term Total March 31, 2022 Commercial, Financial, Agricultural $ — $ 24 $ — $ — $ — $ 4,586 $ 29,638 $ — $ 34,248 Performing Loans — 24 — — — 4,586 29,638 — 34,248 Non-Performing Loans — — — — — — — — — Real Estate - Construction $ 7,060 $ 70,624 $ 6,079 $ 1,631 $ — $ — $ — $ — $ 85,394 Residential $ 7,060 $ 70,624 $ 6,079 $ 1,631 $ — $ — $ — $ — $ 85,394 Performing Loans 7,060 70,624 6,079 1,631 — — — — 85,394 Non-Performing Loans — — — — — — — — — Commercial $ — $ — $ — $ — $ — $ — $ — $ — $ — Performing Loans — — — — — — — — — Non-Performing Loans — — — — — — — — — Real Estate - 1-4 Family Mortgage $ 202,102 $ 576,608 $ 389,909 $ 182,310 $ 142,482 $ 284,535 $ 404,747 $ 2,967 $ 2,185,660 Primary $ 199,643 $ 566,132 $ 387,647 $ 181,465 $ 140,891 $ 283,112 $ — $ — $ 1,758,890 Performing Loans 199,643 565,669 386,148 179,052 136,035 277,478 — — 1,744,025 Non-Performing Loans — 463 1,499 2,413 4,856 5,634 — — 14,865 Home Equity $ 520 $ 111 $ — $ 79 $ 224 $ 460 $ 404,747 $ 2,967 $ 409,108 Performing Loans 520 111 — 79 224 388 403,926 2,413 407,661 Non-Performing Loans — — — — — 72 821 554 1,447 Rental/Investment $ — $ — $ — $ — $ — $ 229 $ — $ — $ 229 Performing Loans — — — — — 176 — — 176 Non-Performing Loans — — — — — 53 — — 53 Land Development $ 1,939 $ 10,365 $ 2,262 $ 766 $ 1,367 $ 734 $ — $ — $ 17,433 Performing Loans 1,939 10,340 2,172 734 1,367 672 — — 17,224 Non-Performing Loans — 25 90 32 — 62 — — 209 Real Estate - Commercial Mortgage $ 1,004 $ 4,940 $ 3,204 $ 1,785 $ 748 $ 425 $ — $ — $ 12,106 Owner-Occupied $ — $ — $ 135 $ 14 $ — $ — $ — $ — $ 149 Performing Loans — — 135 14 — — — — 149 Non-Performing Loans — — — — — — — — — Non-Owner Occupied $ — $ — $ 30 $ — $ — $ — $ — $ — $ 30 Performing Loans — — 30 — — — — — 30 Non-Performing Loans — — — — — — — — — Land Development $ 1,004 $ 4,940 $ 3,039 $ 1,771 $ 748 $ 425 $ — $ — $ 11,927 Performing Loans 1,004 4,940 3,039 1,755 748 374 — — 11,860 Non-Performing Loans — — — 16 — 51 — — 67 Installment loans to individuals $ 13,094 $ 36,301 $ 11,810 $ 20,312 $ 6,858 $ 3,303 $ 13,926 $ 40 $ 105,644 Performing Loans 12,981 36,285 11,783 20,265 6,848 3,252 13,926 37 105,377 Non-Performing Loans 113 16 27 47 10 51 — 3 267 Total loans not subject to risk rating $ 223,260 $ 688,497 $ 411,002 $ 206,038 $ 150,088 $ 292,849 $ 448,311 $ 3,007 $ 2,423,052 Performing Loans 223,147 687,993 409,386 203,530 145,222 286,926 447,490 2,450 2,406,144 Non-Performing Loans 113 504 1,616 2,508 4,866 5,923 821 557 16,908 Term Loans Amortized Cost Basis by Origination Year 2021 2020 2019 2018 2017 Prior Revolving Loans Revolving Loans Converted to Term Total December 31, 2021 Commercial, Financial, Agricultural $ 71 $ — $ — $ 1 $ — $ 8,983 $ 23,464 $ — $ 32,519 Performing Loans 71 — — 1 — 8,983 23,464 — 32,519 Non-Performing Loans — — — — — — — — — Lease Financing Receivables $ 26,301 $ 23,270 $ 15,504 $ 7,713 $ 2,169 $ 1,168 $ — $ — $ 76,125 Performing Loans 26,301 23,270 15,504 7,713 2,167 1,159 — — 76,114 Non-Performing Loans — — — — 2 9 — — 11 Real Estate - Construction $ 57,283 $ 12,561 $ 1,615 $ — $ — $ — $ — $ — $ 71,459 Residential $ 57,283 $ 12,561 $ 1,615 $ — $ — $ — $ — $ — $ 71,459 Performing Loans 57,283 12,561 1,615 — — — — — 71,459 Non-Performing Loans — — — — — — — — — Commercial $ — $ — $ — $ — $ — $ — $ — $ — $ — Performing Loans — — — — — — — — — Non-Performing Loans — — — — — — — — — Real Estate - 1-4 Family Mortgage $ 554,483 $ 419,252 $ 205,014 $ 155,535 $ 117,619 $ 207,381 $ 404,293 $ 2,776 $ 2,066,353 Primary $ 542,659 $ 415,863 $ 203,739 $ 153,717 $ 116,689 $ 206,496 $ — $ — $ 1,639,163 Performing Loans 542,053 414,931 201,273 148,649 114,669 203,416 — — 1,624,991 Non-Performing Loans 606 932 2,466 5,068 2,020 3,080 — — 14,172 Home Equity $ 111 $ — $ 79 $ 225 $ — $ 508 $ 404,293 $ 2,776 $ 407,992 Performing Loans 111 — 79 225 — 435 403,598 2,599 407,047 Non-Performing Loans — — — — — 73 695 177 945 Rental/Investment $ — $ — $ 99 $ — $ 23 $ 218 $ — $ — $ 340 Performing Loans — — 99 — 23 164 — — 286 Non-Performing Loans — — — — — 54 — — 54 Land Development $ 11,713 $ 3,389 $ 1,097 $ 1,593 $ 907 $ 159 $ — $ — $ 18,858 Performing Loans 11,688 3,298 1,065 1,593 832 159 — — 18,635 Non-Performing Loans 25 91 32 — 75 — — — 223 Real Estate - Commercial Mortgage $ 5,265 $ 3,584 $ 2,082 $ 800 $ 468 $ 137 $ — $ — $ 12,336 Owner-Occupied $ — $ 136 $ 58 $ — $ — $ — $ — $ — $ 194 Performing Loans — 136 58 — — — — — 194 Non-Performing Loans — — — — — — — — — Non-Owner Occupied $ — $ 31 $ — $ — $ — $ — $ — $ — $ 31 Performing Loans — 31 — — — — — — 31 Non-Performing Loans — — — — — — — — — Land Development $ 5,265 $ 3,417 $ 2,024 $ 800 $ 468 $ 137 $ — $ — $ 12,111 Performing Loans 5,265 3,417 2,008 800 468 86 — — 12,044 Non-Performing Loans — — 16 — — 51 — — 67 Installment loans to individuals $ 44,302 $ 15,436 $ 23,114 $ 7,717 $ 1,985 $ 1,917 $ 13,016 $ 36 $ 107,523 Performing Loans 44,254 15,360 23,035 7,704 1,958 1,890 13,016 36 107,253 Non-Performing Loans 48 76 79 13 27 27 — — 270 Total loans not subject to risk rating $ 687,705 $ 474,103 $ 247,329 $ 171,766 $ 122,241 $ 219,586 $ 440,773 $ 2,812 $ 2,366,315 Performing Loans 687,026 473,004 244,736 166,685 120,117 216,292 440,078 2,635 2,350,573 Non-Performing Loans 679 1,099 2,593 5,081 2,124 3,294 695 177 15,742 (In Thousands, Except Number of Loans) For purposes of this Note 4, all references to “loans” mean purchased loans excluding loans held for sale. The following is a summary of purchased loans as of the dates presented: March 31, December 31, 2021 Commercial, financial, agricultural $ 109,368 $ 90,308 Real estate – construction: Residential 1,259 1,287 Commercial 3,865 3,707 Total real estate – construction 5,124 4,994 Real estate – 1-4 family mortgage: Primary 122,063 134,070 Home equity 46,239 51,496 Rental/investment 18,694 20,229 Land development 9,396 9,978 Total real estate – 1-4 family mortgage 196,392 215,773 Real estate – commercial mortgage: Owner-occupied 220,247 234,132 Non-owner occupied 396,135 410,577 Land development 15,942 18,344 Total real estate – commercial mortgage 632,324 663,053 Installment loans to individuals 31,361 35,775 Loans $ 974,569 $ 1,009,903 In the first quarter of 2022, the Company acquired Southeastern Commercial Finance, LLC. The acquired loans were added to the commercial, financial, and agricultural loan category at their fair value of $28,110 at the date of acquisition. The carrying amount of purchased credit deteriorated (“PCD”) loans at the acquisition date is detailed below. Carrying Amount Purchase price of loans at acquisition $ 6,543 Allowance for credit losses at acquisition 1,648 Par value of acquired loans at acquisition $ 8,191 Past Due and Nonaccrual Loans The Company’s policies with respect to placing loans on nonaccrual status or charging off loans, and its accounting for interest on any such loans, are described above in Note 3, “Non Purchased Loans.” The following tables provide an aging of past due accruing and nonaccruing loans, segregated by class, as of the dates presented: Accruing Loans Nonaccruing Loans 30-89 Days 90 Days Current Total 30-89 Days 90 Days Current Total Total March 31, 2022 Commercial, financial, agricultural $ 316 $ — $ 100,913 $ 101,229 $ 203 $ 1,996 $ 5,940 $ 8,139 $ 109,368 Real estate – construction: Residential — — 1,259 1,259 — — — — 1,259 Commercial — — 3,865 3,865 — — — — 3,865 Total real estate – construction — — 5,124 5,124 — — — — 5,124 Real estate – 1-4 family mortgage: Primary 1,224 — 115,600 116,824 981 1,706 2,552 5,239 122,063 Home equity 297 — 45,187 45,484 97 265 393 755 46,239 Rental/investment — — 18,635 18,635 — — 59 59 18,694 Land development 75 — 9,321 9,396 — — — — 9,396 Total real estate – 1-4 family mortgage 1,596 — 188,743 190,339 1,078 1,971 3,004 6,053 196,392 Real estate – commercial mortgage: Owner-occupied 314 — 217,850 218,164 — 138 1,945 2,083 220,247 Non-owner occupied 54 — 393,144 393,198 2,931 — 6 2,937 396,135 Land development — 38 15,786 15,824 — — 118 118 15,942 Total real estate – commercial mortgage 368 38 626,780 627,186 2,931 138 2,069 5,138 632,324 Installment loans to individuals 1,107 — 30,162 31,269 16 — 76 92 31,361 Loans, net of unearned income $ 3,387 $ 38 $ 951,722 $ 955,147 $ 4,228 $ 4,105 $ 11,089 $ 19,422 $ 974,569 Accruing Loans Nonaccruing Loans 30-89 Days 90 Days Current Total 30-89 Days 90 Days Current Total Total December 31, 2021 Commercial, financial, agricultural $ 122 $ — $ 82,918 $ 83,040 $ 42 $ 1,618 $ 5,608 $ 7,268 $ 90,308 Real estate – construction: Residential — — 1,287 1,287 — — — — 1,287 Commercial — — 3,707 3,707 — — — — 3,707 Total real estate – construction — — 4,994 4,994 — — — — 4,994 Real estate – 1-4 family mortgage: Primary 1,042 36 127,820 128,898 257 2,225 2,690 5,172 134,070 Home equity 149 — 50,573 50,722 — 373 401 774 51,496 Rental/investment 20 — 20,105 20,125 26 — 78 104 20,229 Land development — — 9,978 9,978 — — — — 9,978 Total real estate – 1-4 family mortgage 1,211 36 208,476 209,723 283 2,598 3,169 6,050 215,773 Real estate – commercial mortgage: Owner-occupied 1,511 323 230,305 232,139 — 289 1,704 1,993 234,132 Non-owner occupied — — 407,639 407,639 — — 2,938 2,938 410,577 Land development — — 18,218 18,218 — — 126 126 18,344 Total real estate – commercial mortgage 1,511 323 656,162 657,996 — 289 4,768 5,057 663,053 Installment loans to individuals 839 8 34,690 35,537 15 11 212 238 35,775 Loans, net of unearned income $ 3,683 $ 367 $ 987,240 $ 991,290 $ 340 $ 4,516 $ 13,757 $ 18,613 $ 1,009,903 There were no restructured loans contractually 90 days past due or more and still accruing at March 31, 2022 or March 31, 2021. The outstanding balance of restructured loans on nonaccrual status was $9,944 and 19,140 at March 31, 2022 and March 31, 2021, respectively. Restructured Loans An explanation of what constitutes a “restructured loan,” and management’s analysis in determining whether to restructure a loan, are described above in Note 3, “Non Purchased Loans.” The tables below illustrate the impact of modifications classified as restructured loans which were made during the periods presented and held on the Consolidated Balance Sheets at the respective period end. Number of Pre- Post- Three months ended March 31, 2022 Real estate – 1-4 family mortgage: Land development 3 $ 98 $ 94 Three months ended March 31, 2021 Commercial, financial, agricultural 1 $ 135 $ 135 With respect to loans that were restructured during the three months ended March 31, 2022 and March 31, 2021, none have subsequently defaulted as of the date of this report. Changes in the Company’s restructured loans are set forth in the table below: Number of Recorded Totals at January 1, 2022 38 $ 5,609 Additional advances or loans with concessions 3 110 Reclassified as performing restructured loan 3 302 Reductions due to: Reclassified to nonperforming loans (2) (41) Paid in full (2) (1,596) Charge-offs — — Principal paydowns — (44) Totals at March 31, 2022 40 $ 4,340 The allowance for credit losses attributable to restructured loans was $69 and $167 at March 31, 2022 and March 31, 2021, respectively. The Company had no remaining availability under commitments to lend additional funds on these restructured loans at March 31, 2022, as compared to $153 in remaining availability at March 31, 2021. Credit Quality A discussion of the Company’s policies regarding internal risk-rating of loans is discussed above in Note 3, “Non Purchased Loans.” The following tables present the Company’s loan portfolio by year of origination and internal risk-rating grades as of the dates presented: Term Loans Amortized Cost Basis by Origination Year 2022 2021 2020 2019 2018 Prior Revolving Loans Revolving Loans Converted to Term Total March 31, 2022 Commercial, Financial, Agricultural $ — $ — $ — $ 629 $ 6,149 $ 33,798 $ 67,658 $ 1,134 $ 109,368 Pass — — — 629 5,569 25,590 66,049 740 98,577 Special Mention — — — — 239 — — — 239 Substandard — — — — 341 8,208 1,609 394 10,552 Real Estate - Construction $ — $ — $ — $ — $ 575 $ 4,549 $ — $ — $ 5,124 Residential $ — $ — $ — $ — $ 575 $ 684 $ — $ — $ 1,259 Pass — — — — 575 684 — — 1,259 Special Mention — — — — — — — — — Substandard — — — — — — — — — Commercial $ — $ — $ — $ — $ — $ 3,865 $ — $ — $ 3,865 Pass — — — — — 3,865 — — 3,865 Special Mention — — — — — — — — — Substandard — — — — — — — — — Real Estate - 1-4 Family Mortgage $ — $ — $ — $ 152 $ 9,106 $ 32,889 $ 903 $ 191 $ 43,241 Primary $ — $ — $ — $ 35 $ 2,317 $ 12,126 $ 158 $ — $ 14,636 Pass — — — 35 2,317 9,148 158 — 11,658 Special Mention — — — — — 56 — — 56 Substandard — — — — — 2,922 — — 2,922 Home Equity $ — $ — $ — $ — $ — $ 38 $ 590 $ 191 $ 819 Pass — — — — — 38 590 — 628 Special Mention — — — — — — — — — Substandard — — — — — — — 191 191 Rental/Investment $ — $ — $ — $ 117 $ 314 $ 18,108 $ 155 $ — $ 18,694 Pass — — — 117 314 17,367 5 — 17,803 Special Mention — — — — — — — — — Substandard — — — — — 741 150 — 891 Land Development $ — $ — $ — $ — $ 6,475 $ 2,617 $ — $ — $ 9,092 Pass — — — — 6,475 1,285 — — 7,760 Special Mention — — — — — — — — — Substandard — — — — — 1,332 — — 1,332 Term Loans Amortized Cost Basis by Origination Year 2022 2021 2020 2019 2018 Prior Revolving Loans Revolving Loans Converted to Term Total Real Estate - Commercial Mortgage $ — $ — $ — $ 322 $ 49,086 $ 566,330 $ 1,758 $ 14,136 $ 631,632 Owner-Occupied $ — $ — $ — $ — $ 13,054 $ 206,267 $ 926 $ — $ 220,247 Pass — — — — 13,054 189,182 926 — 203,162 Special Mention — — — — — 1,918 — — 1,918 Substandard — — — — — 15,167 — — 15,167 Non-Owner Occupied $ — $ — $ — $ 322 $ 35,628 $ 345,803 $ 246 $ 14,136 $ 396,135 Pass — — — 322 19,250 311,334 246 4,281 335,433 Special Mention — — — — 16,372 — — — 16,372 Substandard — — — — 6 34,469 — 9,855 44,330 Land Development $ — $ — $ — $ — $ 404 $ 14,260 $ 586 $ — $ 15,250 Pass — — — — 404 8,446 586 — 9,436 Special Mention — — — — — 5,083 — — 5,083 Substandard — — — — — 731 — — 731 Installment loans to individuals $ — $ — $ — $ — $ — $ — $ — $ — $ — Pass — — — — — — — — — Special Mention — — — — — — — — — Substandard — — — — — — — — — Total loans subject to risk rating $ — $ — $ — $ 1,103 $ 64,916 $ 637,566 $ 70,319 $ 15,461 $ 789,365 Pass — — — 1,103 47,958 566,939 68,560 5,021 689,581 Special Mention — — — — 16,611 7,057 — — 23,668 Substandard — — — — 347 63,570 1,759 10,440 76,116 Term Loans Amortized Cost Basis by Origination Year 2021 2020 2019 2018 2017 Prior Revolving Loans Revolving Loans Converted to Term Total December 31, 2021 Commercial, Financial, Agricultural $ — $ — $ 646 $ 12,199 $ 12,247 $ 25,562 $ 38,328 $ 1,326 $ 90,308 Pass — — 646 11,612 8,918 18,877 37,555 899 78,507 Special Mention — — — 246 — — — — 246 Substandard — — — 341 3,329 6,685 773 427 11,555 Real Estate - Construction $ — $ — $ — $ 601 $ — $ 4,393 $ — $ — $ 4,994 Residential $ — $ — $ — $ 601 $ — $ 686 $ — $ — $ 1,287 Pass — — — 601 — 686 — — 1,287 Special Mention — — — — — — — — — Substandard — — — — — — — — — Commercial $ — $ — $ — $ — $ — $ 3,707 $ — $ — $ 3,707 Pass — — — — — 3,707 — — 3,707 Special Mention — — — — — — — — — Substandard — — — — — — — — — Term Loans Amortized Cost Basis by Origination Year 2021 2020 2019 2018 2017 Prior Revolving Loans Revolving Loans Converted to Term Total Real Estate - 1-4 Family Mortgage $ — $ — $ 152 $ 10,151 $ 2,781 $ 32,841 $ 1,476 $ 201 $ 47,602 Primary $ — $ — $ 34 $ 2,485 $ 1,367 $ 12,336 $ 161 $ — $ 16,383 Pass — — 34 2,485 1,367 9,408 161 — 13,455 Special Mention — — — — — 59 — — 59 Substandard — — — — — 2,869 — — 2,869 Home Equity $ — $ — $ — $ — $ — $ 42 $ 1,087 $ 201 $ 1,330 Pass — — — — — 42 717 — 759 Special Mention — — — — — — — — — Substandard — — — — — — 370 201 571 Rental/Investment $ — $ — $ 118 $ 804 $ 1,273 $ 17,806 $ 228 $ — $ 20,229 Pass — — 118 804 1,273 17,035 77 — 19,307 Special Mention — — — — — 38 — — 38 Substandard — — — — — 733 151 — 884 Land Development $ — $ — $ — $ 6,862 $ 141 $ 2,65 |
Purchased Loans
Purchased Loans | 3 Months Ended |
Mar. 31, 2022 | |
Receivables [Abstract] | |
Purchased Loans | Non Purchased Loans (In Thousands, Except Number of Loans) For purposes of this Note 3, all references to “loans” mean non purchased loans excluding loans held for sale. The following is a summary of non purchased loans and leases as of the dates presented: March 31, December 31, 2021 Commercial, financial, agricultural (1) $ 1,336,239 $ 1,332,962 Lease financing 94,954 80,192 Real estate – construction: Residential 305,396 300,988 Commercial 911,532 798,914 Total real estate – construction 1,216,928 1,099,902 Real estate – 1-4 family mortgage: Primary 1,803,750 1,682,050 Home equity 424,426 423,108 Rental/investment 274,117 268,245 Land development 142,294 135,070 Total real estate – 1-4 family mortgage 2,644,587 2,508,473 Real estate – commercial mortgage: Owner-occupied 1,318,446 1,329,219 Non-owner occupied 2,510,981 2,446,370 Land development 116,113 110,395 Total real estate – commercial mortgage 3,945,540 3,885,984 Installment loans to individuals 105,754 107,565 Gross loans 9,344,002 9,015,078 Unearned income (5,112) (4,067) Loans, net of unearned income $ 9,338,890 $ 9,011,011 (1) Includes Paycheck Protection Program (“PPP”) loans of $8,382 and $58,391 as of March 31, 2022 and December 31, 2021, respectively. Past Due and Nonaccrual Loans Loans are considered past due if the required principal and interest payments have not been received as of the date such payments were due. Generally, the recognition of interest on loans is discontinued at the time the loan is 90 days past due unless the credit is well-secured and in process of collection. Consumer and other retail loans are typically charged-off no later than the time the loan is 120 days past due. In all cases, loans are placed on nonaccrual status or charged-off at an earlier date if collection of principal or interest is considered doubtful. Loans may be placed on nonaccrual status regardless of whether or not such loans are considered past due. For loans that are placed on nonaccrual status or charged-off, all interest accrued for the current year but not collected is reversed against interest income. The interest on these loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual status. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. The following tables provide an aging of past due accruing and nonaccruing loans, segregated by class, as of the dates presented: Accruing Loans Nonaccruing Loans 30-89 Days 90 Days Current Total 30-89 Days 90 Days Current Total Total March 31, 2022 Commercial, financial, agricultural $ 1,519 $ 77 $ 1,329,682 $ 1,331,278 $ 739 $ 2,875 $ 1,347 $ 4,961 $ 1,336,239 Lease financing — — 94,954 94,954 — — — — 94,954 Real estate – construction: Residential 1,857 — 303,539 305,396 — — — — 305,396 Commercial — — 911,532 911,532 — — — — 911,532 Total real estate – construction 1,857 — 1,215,071 1,216,928 — — — — 1,216,928 Real estate – 1-4 family mortgage: Primary 16,852 — 1,771,806 1,788,658 4,018 6,812 4,262 15,092 1,803,750 Home equity 1,953 32 420,995 422,980 54 1,012 380 1,446 424,426 Rental/investment 562 100 272,736 273,398 16 438 265 719 274,117 Land development 332 — 141,441 141,773 — 333 188 521 142,294 Total real estate – 1-4 family mortgage 19,699 132 2,606,978 2,626,809 4,088 8,595 5,095 17,778 2,644,587 Real estate – commercial mortgage: Owner-occupied 2,617 — 1,312,212 1,314,829 2,809 808 — 3,617 1,318,446 Non-owner occupied 662 — 2,504,698 2,505,360 — — 5,621 5,621 2,510,981 Land development 202 — 115,582 115,784 — 292 37 329 116,113 Total real estate – commercial mortgage 3,481 — 3,932,492 3,935,973 2,809 1,100 5,658 9,567 3,945,540 Installment loans to individuals 674 — 104,813 105,487 3 20 244 267 105,754 Unearned income — — (5,112) (5,112) — — — — (5,112) Loans, net of unearned income $ 27,230 $ 209 $ 9,278,878 $ 9,306,317 $ 7,639 $ 12,590 $ 12,344 $ 32,573 $ 9,338,890 Accruing Loans Nonaccruing Loans 30-89 Days 90 Days Current Total 30-89 Days 90 Days Current Total Total December 31, 2021 Commercial, financial, agricultural $ 3,325 $ 103 $ 1,323,774 $ 1,327,202 $ 1,669 $ 2,665 $ 1,426 $ 5,760 $ 1,332,962 Lease financing — — 80,181 80,181 — 11 — 11 80,192 Real estate – construction: Residential 1,077 — 299,911 300,988 — — — — 300,988 Commercial — — 798,914 798,914 — — — — 798,914 Total real estate – construction 1,077 — 1,098,825 1,099,902 — — — — 1,099,902 Real estate – 1-4 family mortgage: Primary 14,785 389 1,652,940 1,668,114 1,920 8,195 3,821 13,936 1,682,050 Home equity 1,468 — 420,695 422,163 182 546 217 945 423,108 Rental/investment 401 445 266,353 267,199 — 771 275 1,046 268,245 Land development 431 — 134,382 134,813 — 65 192 257 135,070 Total real estate – 1-4 family mortgage 17,085 834 2,474,370 2,492,289 2,102 9,577 4,505 16,184 2,508,473 Real estate – commercial mortgage: Owner-occupied 720 36 1,325,776 1,326,532 163 822 1,702 2,687 1,329,219 Non-owner occupied 260 89 2,440,513 2,440,862 — — 5,508 5,508 2,446,370 Land development 476 — 109,575 110,051 — 292 52 344 110,395 Total real estate – commercial mortgage 1,456 125 3,875,864 3,877,445 163 1,114 7,262 8,539 3,885,984 Installment loans to individuals 978 12 106,318 107,308 30 95 132 257 107,565 Unearned income — — (4,067) (4,067) — — — — (4,067) Loans, net of unearned income $ 23,921 $ 1,074 $ 8,955,265 $ 8,980,260 $ 3,964 $ 13,462 $ 13,325 $ 30,751 $ 9,011,011 Restructured loans not performing in accordance with their restructured terms that are either contractually 90 days or more past due or placed on nonaccrual status are reported as nonperforming loans. There were no restructured loans contractually 90 days past due or more and still accruing at March 31, 2022 or March 31, 2021. The outstanding balance of restructured loans on nonaccrual status was $15,267 and $5,965 at March 31, 2022 and March 31, 2021, respectively. Restructured Loans Restructured loans are those for which concessions have been granted to the borrower due to a deterioration of the borrower’s financial condition and which are performing in accordance with the new terms. Such concessions may include reduction in interest rates or deferral of interest or principal payments. In evaluating whether to restructure a loan, management analyzes the long-term financial condition of the borrower, including guarantor and collateral support, to determine whether the proposed concessions will increase the likelihood of repayment of principal and interest. The tables below illustrate the impact of modifications classified as restructured loans which were made during the periods presented and held on the Consolidated Balance Sheets at the respective period end. Number of Pre- Post- Three months ended March 31, 2022 Real estate – 1-4 family mortgage: Primary 7 $ 865 $ 873 Real estate – commercial mortgage: Owner-occupied 1 6,500 6,500 Total 8 $ 7,365 $ 7,373 Three months ended March 31, 2021 Real estate – 1-4 family mortgage: Primary 3 $ 432 $ 435 Real estate – commercial mortgage: Non-owner occupied 1 837 810 Total 4 $ 1,269 $ 1,245 With respect to loans that were restructured during the three months ended March 31, 2022 and March 31, 2021, none have subsequently defaulted as of the date of this report. Changes in the Company’s restructured loans are set forth in the table below: Number of Recorded Totals at January 1, 2022 97 $ 14,650 Additional advances or loans with concessions 8 7,403 Reductions due to: Reclassified as nonperforming (4) (452) Paid in full (5) (530) Principal paydowns — (91) Totals at March 31, 2022 96 $ 20,980 The allowance for credit losses attributable to restructured loans was $646 and $328 at March 31, 2022 and March 31, 2021, respectively. The Company had $305 in remaining availability under commitments to lend additional funds on these restructured loans at March 31, 2022 and no remaining availability at March 31, 2021. Credit Quality For loans with a commercial purpose, internal risk-rating grades are assigned by lending, credit administration or loan review personnel, based on an analysis of the financial and collateral strength and other credit attributes underlying each loan. Management analyzes the resulting ratings, as well as other external statistics and factors such as delinquency, to track the migration performance of the portfolio balances of commercial and commercial real estate secured loans. Loan grades range between 1 and 9, with 1 being loans with the least credit risk. Loans within the “Pass” grade (reserved for loans with a risk rating between 1 and 4C) generally have a lower risk of loss and therefore a lower risk factor applied to the loan balances. The “Special Mention” grade (those with a risk rating of 4E) represents a loan where a significant adverse risk-modifying action is anticipated in the near term and, if left uncorrected, could result in deterioration of the credit quality of the loan. Loans that migrate toward the “Substandard” grade (those with a risk rating between 5 and 9) generally have a higher risk of loss and therefore a higher risk factor applied to those related loan balances. The following tables present the Company’s loan portfolio by year of origination and internal risk-rating grades as of the dates presented: Term Loans Amortized Cost Basis by Origination Year 2022 2021 2020 2019 2018 Prior Revolving Loans Revolving Loans Converted to Term Total March 31, 2022 Commercial, Financial, Agricultural $ 96,762 $ 276,836 $ 184,316 $ 105,812 $ 39,160 $ 21,356 $ 573,245 $ 4,504 $ 1,301,991 Pass 96,208 275,666 176,524 105,294 37,590 20,606 571,066 3,497 1,286,451 Special Mention 89 — — 194 272 — 601 — 1,156 Substandard 465 1,170 7,792 324 1,298 750 1,578 1,007 14,384 Lease Financing Receivables $ 19,463 $ 24,644 $ 21,969 $ 14,215 $ 6,758 $ 2,793 $ — $ — $ 89,842 Pass 19,463 24,644 21,969 14,215 6,758 2,341 — — 89,390 Special Mention — — — — — 452 — — 452 Substandard — — — — — — — — — Real Estate - Construction $ 162,809 $ 482,341 $ 318,316 $ 145,402 $ 15,525 $ — $ 6,539 $ 602 $ 1,131,534 Residential $ 61,146 $ 150,122 $ 6,025 $ — $ — $ — $ 2,107 $ 602 $ 220,002 Pass 61,146 150,122 6,025 — — — 2,107 602 220,002 Special Mention — — — — — — — — — Substandard — — — — — — — — — Commercial $ 101,663 $ 332,219 $ 312,291 $ 145,402 $ 15,525 $ — $ 4,432 $ — $ 911,532 Pass 101,663 331,298 312,291 145,402 15,525 — 4,432 — 910,611 Special Mention — 921 — — — — — — 921 Substandard — — — — — — — — — Real Estate - 1-4 Family Mortgage $ 86,992 $ 180,183 $ 67,130 $ 43,262 $ 24,115 $ 29,405 $ 26,986 $ 854 $ 458,927 Primary $ 7,747 $ 12,478 $ 6,702 $ 2,969 $ 4,159 $ 4,803 $ 6,002 $ — $ 44,860 Pass 7,538 12,478 6,702 2,848 4,159 4,436 5,991 — 44,152 Special Mention — — — — — — — — — Substandard 209 — — 121 — 367 11 — 708 Home Equity $ — $ 1,324 $ — $ 41 $ 127 $ — $ 13,817 $ 9 $ 15,318 Pass — 1,324 — 41 127 — 13,817 9 15,318 Special Mention — — — — — — — — — Substandard — — — — — — — — — Rental/Investment $ 41,987 $ 100,533 $ 51,166 $ 29,396 $ 19,608 $ 24,032 $ 6,321 $ 845 $ 273,888 Pass 41,966 100,456 50,958 28,363 19,339 23,306 6,321 845 271,554 Special Mention — — — — — — — — — Substandard 21 77 208 1,033 269 726 — — 2,334 Land Development $ 37,258 $ 65,848 $ 9,262 $ 10,856 $ 221 $ 570 $ 846 $ — $ 124,861 Pass 37,258 65,848 8,974 10,832 221 570 846 — 124,549 Special Mention — — — — — — — — — Substandard — — 288 24 — — — — 312 Real Estate - Commercial Mortgage $ 398,640 $ 1,095,513 $ 790,229 $ 608,176 $ 304,844 $ 578,577 $ 137,549 $ 19,906 $ 3,933,434 Owner-Occupied $ 121,718 $ 302,860 $ 266,970 $ 197,621 $ 146,863 $ 219,190 $ 55,759 $ 7,316 $ 1,318,297 Term Loans Amortized Cost Basis by Origination Year 2022 2021 2020 2019 2018 Prior Revolving Loans Revolving Loans Converted to Term Total Pass 121,353 301,595 265,142 196,020 145,137 203,852 55,759 6,347 1,295,205 Special Mention — 1,191 — 347 — 3,127 — 932 5,597 Substandard 365 74 1,828 1,254 1,726 12,211 — 37 17,495 Non-Owner Occupied $ 260,565 $ 749,262 $ 507,210 $ 400,465 $ 152,176 $ 356,205 $ 72,478 $ 12,590 $ 2,510,951 Pass 260,361 740,078 507,210 387,131 152,176 292,279 72,478 12,590 2,424,303 Special Mention — 9,184 — 11,322 — 24,606 — — 45,112 Substandard 204 — — 2,012 — 39,320 — — 41,536 Land Development $ 16,357 $ 43,391 $ 16,049 $ 10,090 $ 5,805 $ 3,182 $ 9,312 $ — $ 104,186 Pass 14,759 43,123 15,713 10,090 5,724 3,182 9,312 — 101,903 Special Mention — 43 — — — — — — 43 Substandard 1,598 225 336 — 81 — — — 2,240 Installment loans to individuals $ 73 $ — $ — $ 37 $ — $ — $ — $ — $ 110 Pass 73 — — 37 — — — — 110 Special Mention — — — — — — — — — Substandard — — — — — — — — — Total loans subject to risk rating $ 764,739 $ 2,059,517 $ 1,381,960 $ 916,904 $ 390,402 $ 632,131 $ 744,319 $ 25,866 $ 6,915,838 Pass 761,788 2,046,632 1,371,508 900,273 386,756 550,572 742,129 23,890 6,783,548 Special Mention 89 11,339 — 11,863 272 28,185 601 932 53,281 Substandard 2,862 1,546 10,452 4,768 3,374 53,374 1,589 1,044 79,009 Term Loans Amortized Cost Basis by Origination Year 2021 2020 2019 2018 2017 Prior Revolving Loans Revolving Loans Converted to Term Total December 31, 2021 Commercial, Financial, Agricultural $ 300,748 $ 245,940 $ 122,350 $ 44,533 $ 15,384 $ 11,103 $ 557,628 $ 2,757 $ 1,300,443 Pass 299,731 245,657 120,102 43,042 14,603 8,605 553,541 2,002 1,287,283 Special Mention — 136 1,798 281 605 1,196 651 — 4,667 Substandard 1,017 147 450 1,210 176 1,302 3,436 755 8,493 Real Estate - Construction $ 461,370 $ 371,694 $ 174,369 $ 14,813 $ — $ — $ 3,769 $ 2,428 $ 1,028,443 Residential $ 210,734 $ 12,598 $ — $ — $ — $ — $ 3,769 $ 2,428 $ 229,529 Pass 210,734 12,598 — — — — 3,769 2,428 229,529 Special Mention — — — — — — — — — Substandard — — — — — — — — — Commercial $ 250,636 $ 359,096 $ 174,369 $ 14,813 $ — $ — $ — $ — $ 798,914 Pass 250,636 359,096 174,369 14,813 — — — — 798,914 Special Mention — — — — — — — — — Substandard — — — — — — — — — Term Loans Amortized Cost Basis by Origination Year 2021 2020 2019 2018 2017 Prior Revolving Loans Revolving Loans Converted to Term Total Real Estate - 1-4 Family Mortgage $ 205,137 $ 83,038 $ 60,240 $ 30,044 $ 28,340 $ 8,846 $ 25,534 $ 941 $ 442,120 Primary $ 15,599 $ 7,698 $ 3,662 $ 5,985 $ 4,150 $ 1,066 $ 4,727 $ — $ 42,887 Pass 15,599 7,698 3,496 5,985 4,066 1,057 4,716 — 42,617 Special Mention — — — — — — — — — Substandard — — 166 — 84 9 11 — 270 Home Equity $ 1,318 $ — $ 42 $ 131 $ — $ — $ 13,615 $ 10 $ 15,116 Pass 1,318 — 42 131 — — 13,615 10 15,116 Special Mention — — — — — — — — — Substandard — — — — — — — — — Rental/Investment $ 111,006 $ 61,801 $ 33,734 $ 23,520 $ 23,890 $ 7,469 $ 5,554 $ 931 $ 267,905 Pass 110,987 60,855 32,733 23,246 23,708 7,098 5,554 931 265,112 Special Mention — 249 — — — — — — 249 Substandard 19 697 1,001 274 182 371 — — 2,544 Land Development $ 77,214 $ 13,539 $ 22,802 $ 408 $ 300 $ 311 $ 1,638 $ — $ 116,212 Pass 74,818 13,539 22,769 408 300 311 1,638 — 113,783 Special Mention 2,396 — — — — — — — 2,396 Substandard — — 33 — — — — — 33 Real Estate - Commercial Mortgage $ 1,168,118 $ 836,549 $ 680,506 $ 344,089 $ 298,644 $ 376,652 $ 147,446 $ 21,644 $ 3,873,648 Owner-Occupied $ 312,031 $ 305,686 $ 220,057 $ 164,345 $ 140,265 $ 117,767 $ 59,126 $ 9,748 $ 1,329,025 Pass 310,736 304,555 218,447 161,521 134,410 109,577 59,126 8,036 1,306,408 Special Mention 1,210 1,131 — — 1,733 328 — 1,712 6,114 Substandard 85 — 1,610 2,824 4,122 7,862 — — 16,503 Non-Owner Occupied $ 809,784 $ 511,803 $ 449,409 $ 173,123 $ 155,175 $ 256,133 $ 79,016 $ 11,896 $ 2,446,339 Pass 800,348 503,009 436,062 165,843 102,446 242,665 79,016 11,896 2,341,285 Special Mention 9,235 8,794 11,356 7,280 33,176 8,024 — — 77,865 Substandard 201 — 1,991 — 19,553 5,444 — — 27,189 Land Development $ 46,303 $ 19,060 $ 11,040 $ 6,621 $ 3,204 $ 2,752 $ 9,304 $ — $ 98,284 Pass 46,034 17,030 11,040 6,569 3,204 2,752 9,304 — 95,933 Special Mention 44 — — — — — — — 44 Substandard 225 2,030 — 52 — — — — 2,307 Installment loans to individuals $ — $ — $ 42 $ — $ — $ — $ — $ — $ 42 Pass — — 42 — — — — — 42 Special Mention — — — — — — — — — Substandard — — — — — — — — — Total loans subject to risk rating $ 2,135,373 $ 1,537,221 $ 1,037,507 $ 433,479 $ 342,368 $ 396,601 $ 734,377 $ 27,770 $ 6,644,696 Pass 2,120,941 1,524,037 1,019,102 421,558 282,737 372,065 730,279 25,303 6,496,022 Special Mention 12,885 10,310 13,154 7,561 35,514 9,548 651 1,712 91,335 Substandard 1,547 2,874 5,251 4,360 24,117 14,988 3,447 755 57,339 The following tables present the performing status of the Company’s loan portfolio not subject to risk rating as of the dates presented: Term Loans Amortized Cost Basis by Origination Year 2022 2021 2020 2019 2018 Prior Revolving Loans Revolving Loans Converted to Term Total March 31, 2022 Commercial, Financial, Agricultural $ — $ 24 $ — $ — $ — $ 4,586 $ 29,638 $ — $ 34,248 Performing Loans — 24 — — — 4,586 29,638 — 34,248 Non-Performing Loans — — — — — — — — — Real Estate - Construction $ 7,060 $ 70,624 $ 6,079 $ 1,631 $ — $ — $ — $ — $ 85,394 Residential $ 7,060 $ 70,624 $ 6,079 $ 1,631 $ — $ — $ — $ — $ 85,394 Performing Loans 7,060 70,624 6,079 1,631 — — — — 85,394 Non-Performing Loans — — — — — — — — — Commercial $ — $ — $ — $ — $ — $ — $ — $ — $ — Performing Loans — — — — — — — — — Non-Performing Loans — — — — — — — — — Real Estate - 1-4 Family Mortgage $ 202,102 $ 576,608 $ 389,909 $ 182,310 $ 142,482 $ 284,535 $ 404,747 $ 2,967 $ 2,185,660 Primary $ 199,643 $ 566,132 $ 387,647 $ 181,465 $ 140,891 $ 283,112 $ — $ — $ 1,758,890 Performing Loans 199,643 565,669 386,148 179,052 136,035 277,478 — — 1,744,025 Non-Performing Loans — 463 1,499 2,413 4,856 5,634 — — 14,865 Home Equity $ 520 $ 111 $ — $ 79 $ 224 $ 460 $ 404,747 $ 2,967 $ 409,108 Performing Loans 520 111 — 79 224 388 403,926 2,413 407,661 Non-Performing Loans — — — — — 72 821 554 1,447 Rental/Investment $ — $ — $ — $ — $ — $ 229 $ — $ — $ 229 Performing Loans — — — — — 176 — — 176 Non-Performing Loans — — — — — 53 — — 53 Land Development $ 1,939 $ 10,365 $ 2,262 $ 766 $ 1,367 $ 734 $ — $ — $ 17,433 Performing Loans 1,939 10,340 2,172 734 1,367 672 — — 17,224 Non-Performing Loans — 25 90 32 — 62 — — 209 Real Estate - Commercial Mortgage $ 1,004 $ 4,940 $ 3,204 $ 1,785 $ 748 $ 425 $ — $ — $ 12,106 Owner-Occupied $ — $ — $ 135 $ 14 $ — $ — $ — $ — $ 149 Performing Loans — — 135 14 — — — — 149 Non-Performing Loans — — — — — — — — — Non-Owner Occupied $ — $ — $ 30 $ — $ — $ — $ — $ — $ 30 Performing Loans — — 30 — — — — — 30 Non-Performing Loans — — — — — — — — — Land Development $ 1,004 $ 4,940 $ 3,039 $ 1,771 $ 748 $ 425 $ — $ — $ 11,927 Performing Loans 1,004 4,940 3,039 1,755 748 374 — — 11,860 Non-Performing Loans — — — 16 — 51 — — 67 Installment loans to individuals $ 13,094 $ 36,301 $ 11,810 $ 20,312 $ 6,858 $ 3,303 $ 13,926 $ 40 $ 105,644 Performing Loans 12,981 36,285 11,783 20,265 6,848 3,252 13,926 37 105,377 Non-Performing Loans 113 16 27 47 10 51 — 3 267 Total loans not subject to risk rating $ 223,260 $ 688,497 $ 411,002 $ 206,038 $ 150,088 $ 292,849 $ 448,311 $ 3,007 $ 2,423,052 Performing Loans 223,147 687,993 409,386 203,530 145,222 286,926 447,490 2,450 2,406,144 Non-Performing Loans 113 504 1,616 2,508 4,866 5,923 821 557 16,908 Term Loans Amortized Cost Basis by Origination Year 2021 2020 2019 2018 2017 Prior Revolving Loans Revolving Loans Converted to Term Total December 31, 2021 Commercial, Financial, Agricultural $ 71 $ — $ — $ 1 $ — $ 8,983 $ 23,464 $ — $ 32,519 Performing Loans 71 — — 1 — 8,983 23,464 — 32,519 Non-Performing Loans — — — — — — — — — Lease Financing Receivables $ 26,301 $ 23,270 $ 15,504 $ 7,713 $ 2,169 $ 1,168 $ — $ — $ 76,125 Performing Loans 26,301 23,270 15,504 7,713 2,167 1,159 — — 76,114 Non-Performing Loans — — — — 2 9 — — 11 Real Estate - Construction $ 57,283 $ 12,561 $ 1,615 $ — $ — $ — $ — $ — $ 71,459 Residential $ 57,283 $ 12,561 $ 1,615 $ — $ — $ — $ — $ — $ 71,459 Performing Loans 57,283 12,561 1,615 — — — — — 71,459 Non-Performing Loans — — — — — — — — — Commercial $ — $ — $ — $ — $ — $ — $ — $ — $ — Performing Loans — — — — — — — — — Non-Performing Loans — — — — — — — — — Real Estate - 1-4 Family Mortgage $ 554,483 $ 419,252 $ 205,014 $ 155,535 $ 117,619 $ 207,381 $ 404,293 $ 2,776 $ 2,066,353 Primary $ 542,659 $ 415,863 $ 203,739 $ 153,717 $ 116,689 $ 206,496 $ — $ — $ 1,639,163 Performing Loans 542,053 414,931 201,273 148,649 114,669 203,416 — — 1,624,991 Non-Performing Loans 606 932 2,466 5,068 2,020 3,080 — — 14,172 Home Equity $ 111 $ — $ 79 $ 225 $ — $ 508 $ 404,293 $ 2,776 $ 407,992 Performing Loans 111 — 79 225 — 435 403,598 2,599 407,047 Non-Performing Loans — — — — — 73 695 177 945 Rental/Investment $ — $ — $ 99 $ — $ 23 $ 218 $ — $ — $ 340 Performing Loans — — 99 — 23 164 — — 286 Non-Performing Loans — — — — — 54 — — 54 Land Development $ 11,713 $ 3,389 $ 1,097 $ 1,593 $ 907 $ 159 $ — $ — $ 18,858 Performing Loans 11,688 3,298 1,065 1,593 832 159 — — 18,635 Non-Performing Loans 25 91 32 — 75 — — — 223 Real Estate - Commercial Mortgage $ 5,265 $ 3,584 $ 2,082 $ 800 $ 468 $ 137 $ — $ — $ 12,336 Owner-Occupied $ — $ 136 $ 58 $ — $ — $ — $ — $ — $ 194 Performing Loans — 136 58 — — — — — 194 Non-Performing Loans — — — — — — — — — Non-Owner Occupied $ — $ 31 $ — $ — $ — $ — $ — $ — $ 31 Performing Loans — 31 — — — — — — 31 Non-Performing Loans — — — — — — — — — Land Development $ 5,265 $ 3,417 $ 2,024 $ 800 $ 468 $ 137 $ — $ — $ 12,111 Performing Loans 5,265 3,417 2,008 800 468 86 — — 12,044 Non-Performing Loans — — 16 — — 51 — — 67 Installment loans to individuals $ 44,302 $ 15,436 $ 23,114 $ 7,717 $ 1,985 $ 1,917 $ 13,016 $ 36 $ 107,523 Performing Loans 44,254 15,360 23,035 7,704 1,958 1,890 13,016 36 107,253 Non-Performing Loans 48 76 79 13 27 27 — — 270 Total loans not subject to risk rating $ 687,705 $ 474,103 $ 247,329 $ 171,766 $ 122,241 $ 219,586 $ 440,773 $ 2,812 $ 2,366,315 Performing Loans 687,026 473,004 244,736 166,685 120,117 216,292 440,078 2,635 2,350,573 Non-Performing Loans 679 1,099 2,593 5,081 2,124 3,294 695 177 15,742 (In Thousands, Except Number of Loans) For purposes of this Note 4, all references to “loans” mean purchased loans excluding loans held for sale. The following is a summary of purchased loans as of the dates presented: March 31, December 31, 2021 Commercial, financial, agricultural $ 109,368 $ 90,308 Real estate – construction: Residential 1,259 1,287 Commercial 3,865 3,707 Total real estate – construction 5,124 4,994 Real estate – 1-4 family mortgage: Primary 122,063 134,070 Home equity 46,239 51,496 Rental/investment 18,694 20,229 Land development 9,396 9,978 Total real estate – 1-4 family mortgage 196,392 215,773 Real estate – commercial mortgage: Owner-occupied 220,247 234,132 Non-owner occupied 396,135 410,577 Land development 15,942 18,344 Total real estate – commercial mortgage 632,324 663,053 Installment loans to individuals 31,361 35,775 Loans $ 974,569 $ 1,009,903 In the first quarter of 2022, the Company acquired Southeastern Commercial Finance, LLC. The acquired loans were added to the commercial, financial, and agricultural loan category at their fair value of $28,110 at the date of acquisition. The carrying amount of purchased credit deteriorated (“PCD”) loans at the acquisition date is detailed below. Carrying Amount Purchase price of loans at acquisition $ 6,543 Allowance for credit losses at acquisition 1,648 Par value of acquired loans at acquisition $ 8,191 Past Due and Nonaccrual Loans The Company’s policies with respect to placing loans on nonaccrual status or charging off loans, and its accounting for interest on any such loans, are described above in Note 3, “Non Purchased Loans.” The following tables provide an aging of past due accruing and nonaccruing loans, segregated by class, as of the dates presented: Accruing Loans Nonaccruing Loans 30-89 Days 90 Days Current Total 30-89 Days 90 Days Current Total Total March 31, 2022 Commercial, financial, agricultural $ 316 $ — $ 100,913 $ 101,229 $ 203 $ 1,996 $ 5,940 $ 8,139 $ 109,368 Real estate – construction: Residential — — 1,259 1,259 — — — — 1,259 Commercial — — 3,865 3,865 — — — — 3,865 Total real estate – construction — — 5,124 5,124 — — — — 5,124 Real estate – 1-4 family mortgage: Primary 1,224 — 115,600 116,824 981 1,706 2,552 5,239 122,063 Home equity 297 — 45,187 45,484 97 265 393 755 46,239 Rental/investment — — 18,635 18,635 — — 59 59 18,694 Land development 75 — 9,321 9,396 — — — — 9,396 Total real estate – 1-4 family mortgage 1,596 — 188,743 190,339 1,078 1,971 3,004 6,053 196,392 Real estate – commercial mortgage: Owner-occupied 314 — 217,850 218,164 — 138 1,945 2,083 220,247 Non-owner occupied 54 — 393,144 393,198 2,931 — 6 2,937 396,135 Land development — 38 15,786 15,824 — — 118 118 15,942 Total real estate – commercial mortgage 368 38 626,780 627,186 2,931 138 2,069 5,138 632,324 Installment loans to individuals 1,107 — 30,162 31,269 16 — 76 92 31,361 Loans, net of unearned income $ 3,387 $ 38 $ 951,722 $ 955,147 $ 4,228 $ 4,105 $ 11,089 $ 19,422 $ 974,569 Accruing Loans Nonaccruing Loans 30-89 Days 90 Days Current Total 30-89 Days 90 Days Current Total Total December 31, 2021 Commercial, financial, agricultural $ 122 $ — $ 82,918 $ 83,040 $ 42 $ 1,618 $ 5,608 $ 7,268 $ 90,308 Real estate – construction: Residential — — 1,287 1,287 — — — — 1,287 Commercial — — 3,707 3,707 — — — — 3,707 Total real estate – construction — — 4,994 4,994 — — — — 4,994 Real estate – 1-4 family mortgage: Primary 1,042 36 127,820 128,898 257 2,225 2,690 5,172 134,070 Home equity 149 — 50,573 50,722 — 373 401 774 51,496 Rental/investment 20 — 20,105 20,125 26 — 78 104 20,229 Land development — — 9,978 9,978 — — — — 9,978 Total real estate – 1-4 family mortgage 1,211 36 208,476 209,723 283 2,598 3,169 6,050 215,773 Real estate – commercial mortgage: Owner-occupied 1,511 323 230,305 232,139 — 289 1,704 1,993 234,132 Non-owner occupied — — 407,639 407,639 — — 2,938 2,938 410,577 Land development — — 18,218 18,218 — — 126 126 18,344 Total real estate – commercial mortgage 1,511 323 656,162 657,996 — 289 4,768 5,057 663,053 Installment loans to individuals 839 8 34,690 35,537 15 11 212 238 35,775 Loans, net of unearned income $ 3,683 $ 367 $ 987,240 $ 991,290 $ 340 $ 4,516 $ 13,757 $ 18,613 $ 1,009,903 There were no restructured loans contractually 90 days past due or more and still accruing at March 31, 2022 or March 31, 2021. The outstanding balance of restructured loans on nonaccrual status was $9,944 and 19,140 at March 31, 2022 and March 31, 2021, respectively. Restructured Loans An explanation of what constitutes a “restructured loan,” and management’s analysis in determining whether to restructure a loan, are described above in Note 3, “Non Purchased Loans.” The tables below illustrate the impact of modifications classified as restructured loans which were made during the periods presented and held on the Consolidated Balance Sheets at the respective period end. Number of Pre- Post- Three months ended March 31, 2022 Real estate – 1-4 family mortgage: Land development 3 $ 98 $ 94 Three months ended March 31, 2021 Commercial, financial, agricultural 1 $ 135 $ 135 With respect to loans that were restructured during the three months ended March 31, 2022 and March 31, 2021, none have subsequently defaulted as of the date of this report. Changes in the Company’s restructured loans are set forth in the table below: Number of Recorded Totals at January 1, 2022 38 $ 5,609 Additional advances or loans with concessions 3 110 Reclassified as performing restructured loan 3 302 Reductions due to: Reclassified to nonperforming loans (2) (41) Paid in full (2) (1,596) Charge-offs — — Principal paydowns — (44) Totals at March 31, 2022 40 $ 4,340 The allowance for credit losses attributable to restructured loans was $69 and $167 at March 31, 2022 and March 31, 2021, respectively. The Company had no remaining availability under commitments to lend additional funds on these restructured loans at March 31, 2022, as compared to $153 in remaining availability at March 31, 2021. Credit Quality A discussion of the Company’s policies regarding internal risk-rating of loans is discussed above in Note 3, “Non Purchased Loans.” The following tables present the Company’s loan portfolio by year of origination and internal risk-rating grades as of the dates presented: Term Loans Amortized Cost Basis by Origination Year 2022 2021 2020 2019 2018 Prior Revolving Loans Revolving Loans Converted to Term Total March 31, 2022 Commercial, Financial, Agricultural $ — $ — $ — $ 629 $ 6,149 $ 33,798 $ 67,658 $ 1,134 $ 109,368 Pass — — — 629 5,569 25,590 66,049 740 98,577 Special Mention — — — — 239 — — — 239 Substandard — — — — 341 8,208 1,609 394 10,552 Real Estate - Construction $ — $ — $ — $ — $ 575 $ 4,549 $ — $ — $ 5,124 Residential $ — $ — $ — $ — $ 575 $ 684 $ — $ — $ 1,259 Pass — — — — 575 684 — — 1,259 Special Mention — — — — — — — — — Substandard — — — — — — — — — Commercial $ — $ — $ — $ — $ — $ 3,865 $ — $ — $ 3,865 Pass — — — — — 3,865 — — 3,865 Special Mention — — — — — — — — — Substandard — — — — — — — — — Real Estate - 1-4 Family Mortgage $ — $ — $ — $ 152 $ 9,106 $ 32,889 $ 903 $ 191 $ 43,241 Primary $ — $ — $ — $ 35 $ 2,317 $ 12,126 $ 158 $ — $ 14,636 Pass — — — 35 2,317 9,148 158 — 11,658 Special Mention — — — — — 56 — — 56 Substandard — — — — — 2,922 — — 2,922 Home Equity $ — $ — $ — $ — $ — $ 38 $ 590 $ 191 $ 819 Pass — — — — — 38 590 — 628 Special Mention — — — — — — — — — Substandard — — — — — — — 191 191 Rental/Investment $ — $ — $ — $ 117 $ 314 $ 18,108 $ 155 $ — $ 18,694 Pass — — — 117 314 17,367 5 — 17,803 Special Mention — — — — — — — — — Substandard — — — — — 741 150 — 891 Land Development $ — $ — $ — $ — $ 6,475 $ 2,617 $ — $ — $ 9,092 Pass — — — — 6,475 1,285 — — 7,760 Special Mention — — — — — — — — — Substandard — — — — — 1,332 — — 1,332 Term Loans Amortized Cost Basis by Origination Year 2022 2021 2020 2019 2018 Prior Revolving Loans Revolving Loans Converted to Term Total Real Estate - Commercial Mortgage $ — $ — $ — $ 322 $ 49,086 $ 566,330 $ 1,758 $ 14,136 $ 631,632 Owner-Occupied $ — $ — $ — $ — $ 13,054 $ 206,267 $ 926 $ — $ 220,247 Pass — — — — 13,054 189,182 926 — 203,162 Special Mention — — — — — 1,918 — — 1,918 Substandard — — — — — 15,167 — — 15,167 Non-Owner Occupied $ — $ — $ — $ 322 $ 35,628 $ 345,803 $ 246 $ 14,136 $ 396,135 Pass — — — 322 19,250 311,334 246 4,281 335,433 Special Mention — — — — 16,372 — — — 16,372 Substandard — — — — 6 34,469 — 9,855 44,330 Land Development $ — $ — $ — $ — $ 404 $ 14,260 $ 586 $ — $ 15,250 Pass — — — — 404 8,446 586 — 9,436 Special Mention — — — — — 5,083 — — 5,083 Substandard — — — — — 731 — — 731 Installment loans to individuals $ — $ — $ — $ — $ — $ — $ — $ — $ — Pass — — — — — — — — — Special Mention — — — — — — — — — Substandard — — — — — — — — — Total loans subject to risk rating $ — $ — $ — $ 1,103 $ 64,916 $ 637,566 $ 70,319 $ 15,461 $ 789,365 Pass — — — 1,103 47,958 566,939 68,560 5,021 689,581 Special Mention — — — — 16,611 7,057 — — 23,668 Substandard — — — — 347 63,570 1,759 10,440 76,116 Term Loans Amortized Cost Basis by Origination Year 2021 2020 2019 2018 2017 Prior Revolving Loans Revolving Loans Converted to Term Total December 31, 2021 Commercial, Financial, Agricultural $ — $ — $ 646 $ 12,199 $ 12,247 $ 25,562 $ 38,328 $ 1,326 $ 90,308 Pass — — 646 11,612 8,918 18,877 37,555 899 78,507 Special Mention — — — 246 — — — — 246 Substandard — — — 341 3,329 6,685 773 427 11,555 Real Estate - Construction $ — $ — $ — $ 601 $ — $ 4,393 $ — $ — $ 4,994 Residential $ — $ — $ — $ 601 $ — $ 686 $ — $ — $ 1,287 Pass — — — 601 — 686 — — 1,287 Special Mention — — — — — — — — — Substandard — — — — — — — — — Commercial $ — $ — $ — $ — $ — $ 3,707 $ — $ — $ 3,707 Pass — — — — — 3,707 — — 3,707 Special Mention — — — — — — — — — Substandard — — — — — — — — — Term Loans Amortized Cost Basis by Origination Year 2021 2020 2019 2018 2017 Prior Revolving Loans Revolving Loans Converted to Term Total Real Estate - 1-4 Family Mortgage $ — $ — $ 152 $ 10,151 $ 2,781 $ 32,841 $ 1,476 $ 201 $ 47,602 Primary $ — $ — $ 34 $ 2,485 $ 1,367 $ 12,336 $ 161 $ — $ 16,383 Pass — — 34 2,485 1,367 9,408 161 — 13,455 Special Mention — — — — — 59 — — 59 Substandard — — — — — 2,869 — — 2,869 Home Equity $ — $ — $ — $ — $ — $ 42 $ 1,087 $ 201 $ 1,330 Pass — — — — — 42 717 — 759 Special Mention — — — — — — — — — Substandard — — — — — — 370 201 571 Rental/Investment $ — $ — $ 118 $ 804 $ 1,273 $ 17,806 $ 228 $ — $ 20,229 Pass — — 118 804 1,273 17,035 77 — 19,307 Special Mention — — — — — 38 — — 38 Substandard — — — — — 733 151 — 884 Land Development $ — $ — $ — $ 6,862 $ 141 $ 2,65 |
Allowance for Credit Losses
Allowance for Credit Losses | 3 Months Ended |
Mar. 31, 2022 | |
Receivables [Abstract] | |
Allowance for Credit Losses | Allowance for Credit Losses (In Thousands) The following is a summary of total non purchased and purchased loans as of the dates presented: March 31, December 31, 2021 Commercial, financial, agricultural (1) $ 1,445,607 $ 1,423,270 Lease financing 94,954 80,192 Real estate – construction: Residential 306,655 302,275 Commercial 915,397 802,621 Total real estate – construction 1,222,052 1,104,896 Real estate – 1-4 family mortgage: Primary 1,925,813 1,816,120 Home equity 470,665 474,604 Rental/investment 292,811 288,474 Land development 151,690 145,048 Total real estate – 1-4 family mortgage 2,840,979 2,724,246 Real estate – commercial mortgage: Owner-occupied 1,538,693 1,563,351 Non-owner occupied 2,907,116 2,856,947 Land development 132,055 128,739 Total real estate – commercial mortgage 4,577,864 4,549,037 Installment loans to individuals 137,115 143,340 Gross loans 10,318,571 10,024,981 Unearned income (5,112) (4,067) Loans, net of unearned income 10,313,459 10,020,914 Allowance for credit losses on loans (166,468) (164,171) Net loans $ 10,146,991 $ 9,856,743 (1) Includes Paycheck Protection Program (“PPP”) loans of $8,382 and $58,391 as of March 31, 2022 and December 31, 2021, respectively. Allowance for Credit Losses on Loans The allowance for credit losses is an estimate of expected losses inherent within the Company’s loans held for investment portfolio and is maintained at a level believed adequate by management to absorb credit losses inherent in the entire loan portfolio. Management evaluates the adequacy of the allowance for credit losses on a quarterly basis. Expected credit loss inherent in non-cancellable off-balance-sheet credit exposures is accounted for as a separate liability in the Consolidated Balance Sheets. The allowance for credit losses on loans held for investment, as reported in the Company’s Consolidated Balance Sheets, is adjusted by a provision for credit losses, which is reported in earnings, and reduced by net charge-offs. Loan losses are charged against the allowance for credit losses when management believes the uncollectability of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. For more information about the Company’s policies and procedures for determining the amount of the allowance for credit losses, please refer to the discussion in Note 1, “Significant Accounting Policies,” in the Notes to the Consolidated Financial Statements in Item 8, Financial Statements and Supplementary Data, in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021. The Company has made an accounting policy election to exclude accrued interest from the measurement of the allowance for credit losses in the Company’s loan portfolio. As of March 31, 2022 and December 31, 2021, the Company had accrued interest receivable for loans of $40,409 and $41,692, respectively, which is recorded in the “Other assets” line item on the Consolidated Balance Sheets. Although the Company made the election to exclude accrued interest from the measurement of the allowance for credit losses, the Company did have an allowance for credit losses on interest deferred as part of the loan deferral program of $1,266 and $1,273, respectively, as of March 31, 2022 and December 31, 2021. The following tables provide a roll-forward of the allowance for credit losses by loan category and a breakdown of the ending balance of the allowance based on the Company’s credit loss methodology for the periods presented: Commercial Real Estate - Real Estate - Real Estate - Lease Financing Installment Total Three Months Ended March 31, 2022 Allowance for credit losses: Beginning balance $ 33,922 $ 16,419 $ 32,356 $ 68,940 $ 1,486 $ 11,048 $ 164,171 Impact of PCD loans acquired during the period 1,648 — — — — — 1,648 Charge-offs (2,102) — (163) (6) (7) (779) (3,057) Recoveries 1,136 — 178 155 12 725 2,206 Net (charge-offs) recoveries (966) — 15 149 5 (54) (851) Provision for credit losses on loans (998) 1,992 4,477 (3,858) 91 (204) 1,500 Ending balance $ 33,606 $ 18,411 $ 36,848 $ 65,231 $ 1,582 $ 10,790 $ 166,468 Period-End Amount Allocated to: Individually evaluated $ 9,225 $ — $ 396 $ 2,660 $ — $ 570 $ 12,851 Collectively evaluated 24,381 18,411 36,452 62,571 1,582 10,220 153,617 Ending balance $ 33,606 $ 18,411 $ 36,848 $ 65,231 $ 1,582 $ 10,790 $ 166,468 Loans: Individually evaluated $ 13,070 $ — $ 4,477 $ 15,464 $ — $ 570 $ 33,581 Collectively evaluated 1,432,537 1,222,052 2,836,502 4,562,400 89,842 136,545 10,279,878 Ending balance $ 1,445,607 $ 1,222,052 $ 2,840,979 $ 4,577,864 $ 89,842 $ 137,115 $ 10,313,459 Nonaccruing loans with no allowance for credit losses $ 435 $ — $ 2,614 $ 5,298 $ — $ 2 $ 8,349 Commercial Real Estate - Real Estate - Real Estate - Lease Financing Installment Loans to Individuals Total Three Months Ended March 31, 2021 Allowance for credit losses: Beginning balance $ 39,031 $ 16,047 $ 32,165 $ 76,127 $ 1,624 $ 11,150 $ 176,144 Charge-offs (3,498) (52) (101) (61) — (1,658) (5,370) Recoveries 289 13 261 171 11 1,587 2,332 Net (charge-offs) recoveries (3,209) (39) 160 110 11 (71) (3,038) Provision for credit losses on loans 1,770 (1,031) (631) (12) (89) (7) — Ending balance $ 37,592 $ 14,977 $ 31,694 $ 76,225 $ 1,546 $ 11,072 $ 173,106 Period-End Amount Allocated to: Individually evaluated $ 9,908 $ — $ 232 $ 4,846 $ — $ 607 $ 15,593 Collectively evaluated 27,684 14,977 31,462 71,379 1,546 10,465 157,513 Ending balance $ 37,592 $ 14,977 $ 31,694 $ 76,225 $ 1,546 $ 11,072 $ 173,106 Loans: Individually evaluated $ 15,435 $ — $ 6,311 $ 18,508 $ — $ 621 $ 40,875 Collectively evaluated 2,233,852 955,918 2,679,750 4,530,519 75,256 172,238 10,647,533 Ending balance $ 2,249,287 $ 955,918 $ 2,686,061 $ 4,549,027 $ 75,256 $ 172,859 $ 10,688,408 Nonaccruing loans with no allowance for credit losses $ 1,848 $ — $ 4,695 $ 2,113 $ — $ — $ 8,656 The Company recorded a provision for credit losses of $1,500 during the first quarter of 2022, as compared to no provision for credit losses recorded in the first quarter of 2021. The Company’s allowance for credit losses model considers economic projections, primarily the national unemployment rate and GDP, over a reasonable and supportable period of two years. The provision activity during the current quarter was primarily driven by strong loan growth during the quarter and the acquisition of Southeastern Commercial Finance, LLC. Allowance for Credit Losses on Unfunded Loan Commitments The Company maintains a separate allowance for credit losses on unfunded loan commitments, which is included in the “Other liabilities” line item on the Consolidated Balance Sheets. For more information about the Company’s policies and procedures for determining the amount of the allowance for credit losses on unfunded loan commitments, please refer to the discussion in Note 1, “Significant Accounting Policies,” in the Notes to the Consolidated Financial Statements in Item 8, Financial Statements and Supplementary Data, in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021. The following table provides a roll-forward of the allowance for credit losses on unfunded loan commitments for the periods presented. Three Months Ended March 31, 2022 2021 Allowance for credit losses on unfunded loan commitments: Beginning balance $ 20,035 $ 20,535 (Recovery of) provision for credit losses on unfunded loan commitments (included in other noninterest expense) (550) — Ending balance $ 19,485 $ 20,535 |
Other Real Estate Owned
Other Real Estate Owned | 3 Months Ended |
Mar. 31, 2022 | |
Real Estate [Abstract] | |
Other Real Estate Owned | Other Real Estate Owned (In Thousands) The following table provides details of the Company’s other real estate owned (“OREO”) purchased and non purchased, net of valuation allowances and direct write-downs, as of the dates presented: Purchased OREO Non Purchased OREO Total March 31, 2022 Residential real estate $ 44 $ 332 $ 376 Commercial real estate 39 136 175 Residential land development 291 4 295 Commercial land development 1,157 59 1,216 Total $ 1,531 $ 531 $ 2,062 December 31, 2021 Residential real estate $ 93 $ 166 $ 259 Commercial real estate 39 722 761 Residential land development 301 4 305 Commercial land development 1,156 59 1,215 Total $ 1,589 $ 951 $ 2,540 Changes in the Company’s purchased and non purchased OREO were as follows: Purchased Non Purchased OREO Total Balance at January 1, 2022 $ 1,589 $ 951 $ 2,540 Transfers of loans 36 164 200 Impairments (14) — (14) Dispositions (79) (586) (665) Other (1) 2 1 Balance at March 31, 2022 $ 1,531 $ 531 $ 2,062 At March 31, 2022 and December 31, 2021, the amortized cost of loans secured by Real Estate - 1-4 Family Mortgage in the process of foreclosure was $2,069 and $22, respectively. Components of the line item “Other real estate owned” in the Consolidated Statements of Income were as follows for the periods presented: Three Months Ended March 31, 2022 2021 Repairs and maintenance $ 3 $ 20 Property taxes and insurance 35 11 Impairments 14 70 Net gains on OREO sales (291) (56) Rental income (2) (4) Total $ (241) $ 41 |
Goodwill and Other Intangible A
Goodwill and Other Intangible Assets | 3 Months Ended |
Mar. 31, 2022 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Goodwill and Other Intangible Assets | Goodwill and Other Intangible Assets (In Thousands) The carrying amounts of goodwill by operating segments for the three months ended March 31, 2022 were as follows: Community Banks Insurance Total Balance at January 1, 2022 $ 936,916 $ 2,767 $ 939,683 Additions to goodwill from the Southeastern Commercial Finance, LLC acquisition 6,608 — 6,608 Balance at March 31, 2022 $ 943,524 $ 2,767 $ 946,291 The following table provides a summary of finite-lived intangible assets as of the dates presented: Gross Carrying Accumulated Net Carrying March 31, 2022 Core deposit intangibles $ 82,492 $ (60,720) $ 21,772 Customer relationship intangible 2,470 (1,511) 959 Total finite-lived intangible assets $ 84,962 $ (62,231) $ 22,731 December 31, 2021 Core deposit intangibles $ 82,492 $ (59,399) $ 23,093 Customer relationship intangible 2,470 (1,465) 1,005 Total finite-lived intangible assets $ 84,962 $ (60,864) $ 24,098 Current year amortization expense for finite-lived intangible assets is presented in the table below. Three Months Ended March 31, 2022 2021 Amortization expense for: Core deposit intangibles $ 1,321 $ 1,553 Customer relationship intangible 45 45 Total intangible amortization $ 1,366 $ 1,598 The estimated amortization expense of finite-lived intangible assets for the year ending December 31, 2022 and the succeeding four years is summarized as follows: Core Deposit Intangibles Customer Relationship Intangible Total 2022 $ 4,941 $ 181 $ 5,122 2023 4,044 181 4,225 2024 3,498 181 3,679 2025 3,102 181 3,283 2026 2,899 138 3,037 |
Mortgage Servicing Rights
Mortgage Servicing Rights | 3 Months Ended |
Mar. 31, 2022 | |
Transfers and Servicing [Abstract] | |
Mortgage Servicing Rights | Mortgage Servicing Rights (In Thousands) The Company retains the right to service certain mortgage loans that it sells to secondary market investors. These mortgage servicing rights (“MSRs”) are recognized as a separate asset on the date the corresponding mortgage loan is sold. MSRs are amortized in proportion to and over the period of estimated net servicing income. These servicing rights are carried at the lower of amortized cost or fair value. Fair value is determined using an income approach with various assumptions, including expected cash flows, prepayment speeds, market discount rates, servicing costs, and other factors, and is subject to significant fluctuation as a result of actual prepayment speeds, default rates and losses differing from estimates thereof. For example, an increase in mortgage interest rates or a decrease in actual prepayment speeds may cause positive adjustments to the valuation of the Company’s MSRs. Servicing rights are evaluated for impairment (or reversals of prior impairments) quarterly based upon the fair value of the rights as compared to the carrying amount. Impairment is recognized through a valuation allowance in the amount that unamortized cost exceeds fair value. If the Company later determines that all or a portion of the impairment no longer exists, a reduction of the valuation allowance may be recorded as an increase to income. Changes in valuation allowances related to servicing rights are reported in “Mortgage banking income” on the Consolidated Statements of Income. There was no valuation adjustment on MSRs during the three months ended March 31, 2022. During the three months ended March 31, 2021, there was a positive valuation adjustment of $13,561 which was caused primarily by an increase in mortgage interest rates and a corresponding decrease in actual prepayment speeds. Changes in the Company’s MSRs were as follows: Balance at January 1, 2022 $ 89,018 Capitalization 6,603 Amortization (3,891) Balance at March 31, 2022 $ 91,730 Data and key economic assumptions related to the Company’s MSRs are as follows as of the dates presented: March 31, 2022 December 31, 2021 Unpaid principal balance $ 8,931,901 $ 8,728,629 Weighted-average prepayment speed (CPR) 6.71 % 10.56 % Estimated impact of a 10% increase $ (5,883) $ (3,875) Estimated impact of a 20% increase (11,291) (7,464) Discount rate 9.68 % 9.82 % Estimated impact of a 10% increase $ (1,477) $ (4,153) Estimated impact of a 20% increase (3,264) (8,119) Weighted-average coupon interest rate 3.27 % 3.29 % Weighted-average servicing fee (basis points) 30.47 30.37 Weighted-average remaining maturity (in years) 8.46 6.69 |
Employee Benefit and Deferred C
Employee Benefit and Deferred Compensation Plans | 3 Months Ended |
Mar. 31, 2022 | |
Retirement Benefits [Abstract] | |
Employee Benefit and Deferred Compensation Plans | Employee Benefit and Deferred Compensation Plans (In Thousands, Except Share Data) Pension and Post-retirement Medical Plans The Company sponsors a noncontributory defined benefit pension plan, under which participation and benefit accruals ceased as of December 31, 1996, and it provides retiree medical benefits, consisting of the opportunity to purchase coverage at subsidized rates under the Company’s group medical plan. Information related to the defined benefit pension plan maintained by Renasant Bank (“Pension Benefits”) and to the post-retirement health and life plan (“Other Benefits”) as of the dates presented is as follows: Pension Benefits Other Benefits Three Months Ended Three Months Ended March 31, March 31, 2022 2021 2022 2021 Service cost $ — $ — $ 1 $ 1 Interest cost 184 166 3 4 Expected return on plan assets (421) (443) — — Recognized actuarial loss (gain) 61 54 (19) — Net periodic (return) benefit cost $ (176) $ (223) $ (15) $ 5 Incentive Compensation Plans The Company maintains a long-term equity compensation plan that provides for the grant of stock options and the award of restricted stock. There were no stock options granted, nor compensation expense associated with options recorded, during the three months ended March 31, 2022 or 2021. There were no stock options outstanding as of March 31, 2022. The Company also awards performance-based restricted stock to executives and other officers and employees and time-based restricted stock to non-employee directors, executives, and other officers and employees. The following table summarizes the changes in restricted stock as of and for the three months ended March 31, 2022: Performance-Based Restricted Stock Weighted Average Grant-Date Fair Value Time-Based Restricted Stock Weighted Average Grant-Date Fair Value Nonvested at beginning of period 146,561 $ 34.67 603,714 $ 34.48 Awarded 63,308 38.62 252,719 38.32 Vested — — (139,711) 31.08 Cancelled — — (2,000) 35.85 Nonvested at end of period 209,869 $ 35.86 714,722 $ 36.50 During the three months ended March 31, 2022, the Company reissued 124,433 shares from treasury in connection with awards of restricted stock. The Company recorded total stock-based compensation expense of $3,338 and $2,756 for the three months ended March 31, 2022 and 2021, respectively. |
Derivative Instruments
Derivative Instruments | 3 Months Ended |
Mar. 31, 2022 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Derivative Instruments | Derivative Instruments (In Thousands) The Company uses certain derivative instruments to meet the needs of customers as well as to manage the interest rate risk associated with certain transactions. Non-hedge derivatives The Company enters into derivative instruments that are not designated as hedging instruments to help its commercial customers manage their exposure to interest rate fluctuations. To mitigate the interest rate risk associated with these customer contracts, the Company enters into an offsetting derivative contract position. The Company manages its credit risk, or potential risk of default by its commercial customers, through credit limit approval and monitoring procedures. The Company enters into interest rate lock commitments with its customers to mitigate the interest rate risk associated with the commitments to fund fixed-rate residential mortgage loans. The Company also enters into forward commitments to sell residential mortgage loans to secondary market investors. The following table provides a summary of the Company’s derivatives not designated as hedging instruments as of the dates presented: Balance Sheet March 31, 2022 December 31, 2021 Location Notional Amount Fair Value Notional Amount Fair Value Derivative assets: Interest rate contracts Other Assets $ 179,648 $ 3,662 $ 185,447 $ 4,711 Interest rate lock commitments Other Assets 130,896 2,032 310,941 5,304 Forward commitments Other Assets 436,000 10,216 280,000 667 Totals $ 746,544 $ 15,910 $ 776,388 $ 10,682 Derivative liabilities: Interest rate contracts Other Liabilities $ 179,648 $ 3,662 $ 185,447 $ 4,711 Interest rate lock commitments Other Liabilities 160,820 2,594 19,961 43 Forward commitments Other Liabilities 35,000 97 320,000 736 Totals $ 375,468 $ 6,353 $ 525,408 $ 5,490 Gains and losses included in the Consolidated Statements of Income related to the Company’s derivative financial instruments were as follows as of the dates presented: Three Months Ended March 31, 2022 2021 Interest rate contracts: Included in interest income on loans $ 305 $ 370 Interest rate lock commitments: Included in mortgage banking income (5,823) (8,322) Forward commitments Included in mortgage banking income 10,188 18,803 Total $ 4,670 $ 10,851 Derivatives designated as cash flow hedges Cash flow hedge relationships mitigate exposure to the variability of future cash flow or other forecasted transactions. The Company uses interest rate swap contracts in an effort to manage future interest rate exposure on borrowings. The hedging strategy converts the LIBOR-based variable interest rate on the forecasted borrowings to a fixed interest rate. As of March 31, 2022, the Company is hedging its exposure to the variability of future cash flows through 2030 and a portion of these hedges are forward starting. The following table provides a summary of the Company’s derivatives designated as cash flow hedges as of the dates presented: Balance Sheet March 31, 2022 December 31, 2021 Location Notional Amount Fair Value Notional Amount Fair Value Derivative assets: Interest rate swaps Other Assets $ 100,000 $ 13,486 $ 100,000 $ 7,016 Derivative liabilities: Interest rate swaps Other Liabilities $ 30,000 $ 816 $ 62,000 $ 2,902 Changes in fair value of the cash flow hedges are, to the extent that the hedging relationship is effective, recorded as other comprehensive income and are subsequently recognized in earnings at the same time that the hedged item is recognized in earnings. The ineffective portions of the changes in fair value of the hedging instruments are immediately recognized in earnings. The assessment of the effectiveness of the hedging relationship is evaluated under the hypothetical derivative method. There were no ineffective portions for the three months ended March 31, 2022 or 2021. The impact on other comprehensive income for the three months ended March 31, 2022 and 2021 is discussed in Note 13, “Other Comprehensive Income (Loss).” Derivatives designated as fair value hedges Fair value hedges protect against changes in the fair value of an asset, liability, or firm commitment. The Company enters into interest rate swap agreements to manage interest rate exposure on certain of the Company’s fixed-rate subordinated notes. The agreements convert the fixed interest rates to LIBOR-based variable interest rates. The following table provides a summary of the Company's derivatives designated as fair value hedges as of the dates presented: Balance Sheet March 31, 2022 December 31, 2021 Location Notional Amount Fair Value Notional Amount Fair Value Derivative liabilities: Interest rate swaps Other Liabilities $ 100,000 $ 11,754 $ 100,000 $ 5,411 The following table presents the effects of the Company’s fair value hedge relationships on the Consolidated Statements of Income for the periods presented: Amount of Gain (Loss) Recognized in Income Income Statement Three Months Ended March 31, Location 2022 2021 Derivative liabilities: Interest rate swaps - subordinated notes Interest Expense $ (6,343) $ (7,650) Derivative liabilities - hedged items: Interest rate swaps - subordinated notes Interest Expense $ 6,343 $ 7,650 The following table presents the amounts that were recorded in the Consolidated Balance Sheets related to cumulative basis adjustments for fair value hedges as of the dates presented: Carrying Amount of the Hedged Liability Cumulative Amount of Fair Value Hedging Adjustments Included in the Carrying Amount of the Hedged Liability Balance Sheet Location March 31, 2022 December 31, 2021 March 31, 2022 December 31, 2021 Long-term debt $ 86,786 $ 93,085 $ 11,754 $ 5,411 Offsetting Certain financial instruments, including derivatives, may be eligible for offset in the consolidated balance sheet when the “right of offset” exists or when the instruments are subject to an enforceable master netting agreement, which includes the right of the non-defaulting party or non-affected party to offset recognized amounts, including collateral posted with the counterparty, to determine a net receivable or net payable upon early termination of the agreement. Certain of the Company’s derivative instruments are subject to master netting agreements; however, the Company has not elected to offset such financial instruments in the Consolidated Balance Sheets. The following table presents the Company’s gross derivative positions as recognized in the Consolidated Balance Sheets as well as the net derivative positions, including collateral pledged to the extent the application of such collateral did not reduce the net derivative liability position below zero, had the Company elected to offset those instruments subject to an enforceable master netting agreement: Offsetting Derivative Assets Offsetting Derivative Liabilities March 31, December 31, 2021 March 31, December 31, 2021 Gross amounts recognized $ 26,694 $ 8,007 $ 13,337 $ 13,436 Gross amounts offset in the Consolidated Balance Sheets — — — — Net amounts presented in the Consolidated Balance Sheets 26,694 8,007 13,337 13,436 Gross amounts not offset in the Consolidated Balance Sheets Financial instruments 12,382 7,208 12,382 7,208 Financial collateral pledged — — 955 6,228 Net amounts $ 14,312 $ 799 $ — $ — |
Income Taxes
Income Taxes | 3 Months Ended |
Mar. 31, 2022 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | Income Taxes (In Thousands) The following table is a summary of the Company’s temporary differences between the tax basis of assets and liabilities and their financial reporting amounts that give rise to deferred income tax assets and liabilities and their approximate tax effects as of the dates presented. March 31, December 31, 2022 2021 Deferred tax assets Allowance for credit losses $ 50,421 $ 50,712 Loans 2,602 2,855 Deferred compensation 10,777 14,522 Net unrealized losses on securities 35,769 3,545 Impairment of assets 394 392 Net operating loss carryforwards 1,035 1,211 Investment in partnerships 930 890 Lease liabilities under operating leases 15,423 17,106 Other 4,179 3,241 Total deferred tax assets 121,530 94,474 Deferred tax liabilities Fixed assets 5,734 5,339 Mortgage servicing rights 21,470 20,779 Junior subordinated debt 2,093 2,130 Intangibles 3,005 3,177 Lease right-of-use asset 14,696 16,209 Other 1,722 1,607 Total deferred tax liabilities 48,720 49,241 Net deferred tax assets $ 72,810 $ 45,233 For the three months ended March 31, 2022 and 2021, the Company recorded a provision for income taxes totaling $7,935 and $16,842, respectively. The provision for income taxes includes both federal and state income taxes and differs from the statutory rate due to favorable permanent differences. The Company and its subsidiaries file a consolidated U.S. federal income tax return. The Company is currently open to audit under the statute of limitations by the Internal Revenue Service and state departments of revenue for the years ending December 31, 2018 through December 31, 2020. |
Fair Value Measurements
Fair Value Measurements | 3 Months Ended |
Mar. 31, 2022 | |
Fair Value Disclosures [Abstract] | |
Fair Value Measurements | Fair Value Measurements (In Thousands) Fair Value Measurements and the Fair Level Hierarchy FASB Accounting Standards Codification Topic (“ASC”) 820, “Fair Value Measurements and Disclosures,” provides guidance for using fair value to measure assets and liabilities and establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The fair value hierarchy gives the highest priority to a valuation based on quoted prices in active markets for identical assets and liabilities (Level 1), moderate priority to a valuation based on quoted prices in active markets for similar assets and liabilities and/or based on assumptions that are observable in the market (Level 2), and the lowest priority to a valuation based on assumptions that are not observable in the market (Level 3). Recurring Fair Value Measurements The Company carries certain assets and liabilities at fair value on a recurring basis in accordance with applicable standards. The Company’s recurring fair value measurements are based on the requirement to carry such assets and liabilities at fair value or the Company’s election to carry certain eligible assets and liabilities at fair value. Assets and liabilities that are required to be carried at fair value on a recurring basis include securities available for sale and derivative instruments. The Company has elected to carry mortgage loans held for sale at fair value on a recurring basis as permitted under the guidance in ASC 825, “Financial Instruments” (“ASC 825”). The following methods and assumptions are used by the Company to estimate the fair values of the Company’s financial assets and liabilities that are measured on a recurring basis: Securities available for sale : Securities available for sale consist primarily of debt securities, such as obligations of U.S. Government agencies and corporations, obligations of states and political subdivisions and mortgage-backed securities. Where quoted market prices in active markets are available, securities are classified within Level 1 of the fair value hierarchy. If quoted prices from active markets are not available, fair values are based on quoted market prices for similar instruments traded in active markets, quoted market prices for identical or similar instruments traded in markets that are not active, or model-based valuation techniques where all significant assumptions are observable in the market. Such instruments are classified within Level 2 of the fair value hierarchy. When assumptions used in model-based valuation techniques are not observable in the market, the assumptions used by management reflect estimates of assumptions used by other market participants in determining fair value. When there is limited transparency around the inputs to the valuation, the instruments are classified within Level 3 of the fair value hierarchy. Derivative instruments : Most of the Company’s derivative contracts are extensively traded in over-the-counter markets and are valued using discounted cash flow models which incorporate observable market based inputs including current market interest rates, credit spreads, and other factors. Such instruments are categorized within Level 2 of the fair value hierarchy and include interest rate swaps and other interest rate contracts such as interest rate caps and/or floors. The Company’s interest rate lock commitments are valued using current market prices for mortgage-backed securities with similar characteristics, adjusted for certain factors including servicing and risk. The value of the Company’s forward commitments is based on current prices for securities backed by similar types of loans. Because these assumptions are observable in active markets, the Company’s interest rate lock commitments and forward commitments are categorized within Level 2 of the fair value hierarchy. Mortgage loans held for sale in loans held for sale : Mortgage loans held for sale are primarily agency loans which trade in active secondary markets. The fair value of these instruments is derived from current market pricing for similar loans, adjusted for differences in loan characteristics, including servicing and risk. Because the valuation is based on external pricing of similar instruments, mortgage loans held for sale are classified within Level 2 of the fair value hierarchy. The following tables present assets and liabilities that are measured at fair value on a recurring basis as of the dates presented: Level 1 Level 2 Level 3 Totals March 31, 2022 Financial assets: Securities available for sale $ — $ 2,405,316 $ — $ 2,405,316 Derivative instruments — 29,396 — 29,396 Mortgage loans held for sale in loans held for sale — 280,464 — 280,464 Total financial assets $ — $ 2,715,176 $ — $ 2,715,176 Financial liabilities: Derivative instruments: $ — $ 18,923 $ — $ 18,923 Level 1 Level 2 Level 3 Totals December 31, 2021 Financial assets: Securities available for sale — 2,386,052 — 2,386,052 Derivative instruments — 17,698 — 17,698 Mortgage loans held for sale in loans held for sale — 453,533 — 453,533 Total financial assets $ — $ 2,857,283 $ — $ 2,857,283 Financial liabilities: Derivative instruments $ — $ 13,803 $ — $ 13,803 The Company reviews fair value hierarchy classifications on a quarterly basis. Changes in the Company’s ability to observe inputs to the valuation may cause reclassification of certain assets or liabilities within the fair value hierarchy. Transfers between levels of the hierarchy are deemed to have occurred at the end of period. There were no such transfers between levels of the fair value hierarchy during the three months ended March 31, 2022. The following table provides a reconciliation for assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs, or Level 3 inputs, as of the dates presented: 2021 Three Months Ended March 31, 2022 Trust preferred Three Months Ended March 31, Balance at beginning of period $ 9,012 Accretion included in net income 7 Unrealized losses included in other comprehensive income 941 Realized losses 2,061 Sales (12,021) Balance at end of period $ — For each of the three months ended March 31, 2022 and 2021, respectively, there were no gains or losses included in earnings that were attributable to the change in unrealized gains or losses related to assets or liabilities held at the end of each respective period that were measured on a recurring basis using significant unobservable inputs. Nonrecurring Fair Value Measurements Certain assets and liabilities may be recorded at fair value on a nonrecurring basis. These nonrecurring fair value adjustments typically are a result of the application of the lower of cost or market accounting or a write-down occurring during the period. The following tables provide the fair value measurement for assets measured at fair value on a nonrecurring basis that were still held on the Consolidated Balance Sheets as of the dates presented and the level within the fair value hierarchy each is classified: March 31, 2022 Level 1 Level 2 Level 3 Totals Individually evaluated loans, net of allowance for credit losses $ — $ — $ 3,111 $ 3,111 OREO — — 2,062 2,062 Total $ — $ — $ 5,173 $ 5,173 December 31, 2021 Level 1 Level 2 Level 3 Totals Individually evaluated loans, net of allowance for credit losses $ — $ — $ 7,928 $ 7,928 OREO — — 2,540 2,540 Total $ — $ — $ 10,468 $ 10,468 The following methods and assumptions are used by the Company to estimate the fair values of the Company’s financial assets measured on a nonrecurring basis: Individually evaluated loans: Loans are individually evaluated for credit losses each quarter taking into account the fair value of the collateral less estimated selling costs. Collateral may be real estate and/or business assets including but not limited to equipment, inventory and accounts receivable. The fair value of real estate is determined based on appraisals by qualified licensed appraisers. The fair value of the business assets is generally based on amounts reported on the business’s financial statements. Appraised and reported values may be adjusted based on changes in market conditions from the time of valuation and management’s knowledge of the client and the client’s business. Since not all valuation inputs are observable, these nonrecurring fair value determinations are classified as Level 3. Individually evaluated loans are reviewed and evaluated on at least a quarterly basis for additional impairment and adjusted accordingly, based on the same factors previously identified. Individually evaluated loans that were measured or re-measured at fair value had a carrying value of $6,466 and $12,939 at March 31, 2022 and December 31, 2021, respectively, and a specific reserve for these loans of $3,355 and $5,011 was included in the allowance for credit losses as of such dates. Other real estate owned : OREO is comprised of commercial and residential real estate obtained in partial or total satisfaction of loan obligations. OREO acquired in settlement of indebtedness is recorded at the fair value of the real estate less estimated costs to sell. Subsequently, it may be necessary to record nonrecurring fair value adjustments for declines in fair value. Fair value, when recorded, is determined based on appraisals by qualified licensed appraisers and adjusted for management’s estimates of costs to sell. Accordingly, values for OREO are classified as Level 3. The following table presents OREO measured at fair value on a nonrecurring basis that was still held on the Consolidated Balance Sheets as of the dates presented: March 31, December 31, 2021 Carrying amount prior to remeasurement $ 2,076 $ 2,556 Impairment recognized in results of operations (14) (16) Fair value $ 2,062 $ 2,540 Mortgage servicing rights : Mortgage servicing rights are carried at the lower of amortized cost or fair value. Fair value is determined using an income approach with various assumptions including expected cash flows, market discount rates, prepayment speeds, servicing costs, and other factors. Because these factors are not all observable and include management’s assumptions, mortgage servicing rights are classified within Level 3 of the fair value hierarchy. Mortgage servicing rights were carried at amortized cost at March 31, 2022 and December 31, 2021. There were no valuation adjustments on MSRs during the three months ended March 31, 2022 and $13,561 of positive valuation adjustments recognized during the three months ended March 31, 2021. The following table presents information as of March 31, 2022 about significant unobservable inputs (Level 3) used in the valuation of assets measured at fair value on a nonrecurring basis: Financial instrument Fair Valuation Technique Significant Range of Inputs Individually evaluated loans, net of allowance for credit losses $ 3,111 Appraised value of collateral less estimated costs to sell Estimated costs to sell 4-10% OREO $ 2,062 Appraised value of property less estimated costs to sell Estimated costs to sell 4-10% Fair Value Option The Company has elected to measure all mortgage loans held for sale at fair value under the fair value option as permitted under ASC 825. Electing to measure these assets at fair value reduces certain timing differences and better matches the changes in fair value of the loans with changes in the fair value of derivative instruments used to economically hedge them. Net losses of $13,021 and $12,231 resulting from fair value changes of these mortgage loans were recorded in income during the three months ended March 31, 2022 and 2021, respectively. The amount does not reflect changes in fair values of related derivative instruments used to hedge exposure to market-related risks associated with these mortgage loans. The change in fair value of both mortgage loans held for sale and the related derivative instruments are recorded in “Mortgage banking income” in the Consolidated Statements of Income. The Company’s valuation of mortgage loans held for sale incorporates an assumption for credit risk; however, given the short-term period that the Company holds these loans, valuation adjustments attributable to instrument-specific credit risk is nominal. Interest income on mortgage loans held for sale measured at fair value is accrued as it is earned based on contractual rates and is reflected in loan interest income on the Consolidated Statements of Income. The following table summarizes the differences between the fair value and the principal balance for mortgage loans held for sale measured at fair value as of March 31, 2022 and December 31, 2021: Aggregate Aggregate Difference March 31, 2022 Mortgage loans held for sale measured at fair value $ 280,464 $ 281,669 $ (1,205) December 31, 2021 Mortgage loans held for sale measured at fair value $ 453,533 $ 441,717 $ 11,816 Fair Value of Financial Instruments The carrying amounts and estimated fair values of the Company’s financial instruments, including those assets and liabilities that are not measured and reported at fair value on a recurring basis or nonrecurring basis, were as follows as of the dates presented: Fair Value As of March 31, 2022 Carrying Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 1,607,493 $ 1,607,493 $ — $ — $ 1,607,493 Securities available for sale 2,405,316 — 2,405,316 — 2,405,316 Loans held for sale 280,464 — 280,464 — 280,464 Loans, net 10,146,991 — — 9,860,650 9,860,650 Mortgage servicing rights 91,730 — — 131,896 131,896 Derivative instruments 29,396 — 29,396 — 29,396 Financial liabilities Deposits $ 13,990,897 $ 12,650,868 $ 1,321,023 $ — $ 13,971,891 Short-term borrowings 111,279 111,279 — — 111,279 Federal Home Loan Bank advances 408 — 409 — 409 Junior subordinated debentures 111,518 — 104,427 — 104,427 Subordinated notes 323,490 — 322,900 — 322,900 Derivative instruments 18,923 — 18,923 — 18,923 Fair Value As of December 31, 2021 Carrying Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 1,877,965 $ 1,877,965 $ — $ — $ 1,877,965 Securities available for sale 2,386,052 — 2,386,052 — 2,386,052 Loans held for sale 453,533 — 453,533 — 453,533 Loans, net 9,856,743 — — 9,690,604 9,690,604 Mortgage servicing rights 89,018 — — 99,425 99,425 Derivative instruments 17,698 — 17,698 — 17,698 Financial liabilities Deposits $ 13,905,724 $ 12,494,342 $ 1,408,397 $ — $ 13,902,739 Short-term borrowings 13,947 13,947 — — 13,947 Federal Home Loan Bank advances 417 — 422 — 422 Junior subordinated debentures 111,373 — 106,682 — 106,682 Subordinated notes 359,419 — 373,950 — 373,950 Derivative instruments 13,803 — 13,803 — 13,803 |
Other Comprehensive Income (Los
Other Comprehensive Income (Loss) | 3 Months Ended |
Mar. 31, 2022 | |
Equity [Abstract] | |
Other Comprehensive Income (Loss) | Other Comprehensive Income (Loss) (In Thousands) Changes in the components of other comprehensive income, net of tax, were as follows for the periods presented: Pre-Tax Tax Expense Net of Tax Three months ended March 31, 2022 Securities available for sale: Unrealized holding losses on securities $ (134,756) $ (34,294) $ (100,462) Amortization of unrealized holding gains on securities transferred to the held to maturity category (99) (25) (74) Total securities available for sale (134,855) (34,319) (100,536) Derivative instruments: Unrealized holding gains on derivative instruments 8,556 2,177 6,379 Total derivative instruments 8,556 2,177 6,379 Defined benefit pension and post-retirement benefit plans: Amortization of net actuarial loss recognized in net periodic pension cost 42 11 31 Total defined benefit pension and post-retirement benefit plans 42 11 31 Total other comprehensive loss $ (126,257) $ (32,131) $ (94,126) Three months ended March 31, 2021 Securities available for sale: Unrealized holding losses on securities $ (20,044) $ (5,101) $ (14,943) Reclassification adjustment for gains realized in net income (1,357) (345) (1,012) Total securities available for sale (21,401) (5,446) (15,955) Derivative instruments: Unrealized holding gains on derivative instruments 14,734 3,750 10,984 Total derivative instruments 14,734 3,750 10,984 Defined benefit pension and post-retirement benefit plans: Amortization of net actuarial loss recognized in net periodic pension cost 54 12 42 Total defined benefit pension and post-retirement benefit plans 54 12 42 Total other comprehensive loss $ (6,613) $ (1,684) $ (4,929) The accumulated balances for each component of other comprehensive income, net of tax, were as follows as of the dates presented: March 31, December 31, 2021 Unrealized losses on securities $ (109,652) $ (9,116) Unrealized gains on derivative instruments 10,342 3,963 Unrecognized losses on defined benefit pension and post-retirement benefit plans obligations (5,259) (5,290) Total accumulated other comprehensive loss $ (104,569) $ (10,443) |
Net Income Per Common Share
Net Income Per Common Share | 3 Months Ended |
Mar. 31, 2022 | |
Earnings Per Share [Abstract] | |
Net Income Per Common Share | Net Income Per Common Share (In Thousands, Except Share Data) Basic net income per common share is calculated by dividing net income by the weighted-average number of common shares outstanding for the period. Diluted net income per common share reflects the pro forma dilution of shares outstanding, assuming outstanding service-based restricted stock awards fully vested, calculated in accordance with the treasury method. Basic and diluted net income per common share calculations are as follows for the periods presented: Three Months Ended March 31, 2022 2021 Basic Net income applicable to common stock $ 33,547 $ 57,908 Average common shares outstanding 55,809,192 56,240,201 Net income per common share - basic $ 0.60 $ 1.03 Diluted Net income applicable to common stock $ 33,547 $ 57,908 Average common shares outstanding 55,809,192 56,240,201 Effect of dilutive stock-based compensation 272,671 278,998 Average common shares outstanding - diluted 56,081,863 56,519,199 Net income per common share - diluted $ 0.60 $ 1.02 Stock-based compensation awards that could potentially dilute basic net income per common share in the future that were not included in the computation of diluted net income per common share due to their anti-dilutive effect were as follows for the periods presented: Three Months Ended March 31, 2022 2021 Number of shares 2,200 1,875 |
Regulatory Matters
Regulatory Matters | 3 Months Ended |
Mar. 31, 2022 | |
Banking and Thrift, Interest [Abstract] | |
Regulatory Matters | Regulatory Matters (In Thousands) The Company and the Bank are subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory, and possibly additional discretionary, actions by regulators that, if undertaken, could have a direct material effect on the Company’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company and the Bank must meet specific capital guidelines that involve quantitative measures of assets, liabilities and certain off-balance sheet items as calculated under regulatory accounting practices. Capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. The Federal Reserve, the FDIC and the Office of the Comptroller of the Currency have issued guidelines governing the levels of capital that bank holding companies and banks must maintain. Those guidelines specify capital tiers, which include the following classifications: Capital Tiers Tier 1 Capital to Common Equity Tier 1 to Tier 1 Capital to Total Capital to Well capitalized 5% or above 6.5% or above 8% or above 10% or above Adequately capitalized 4% or above 4.5% or above 6% or above 8% or above Undercapitalized Less than 4% Less than 4.5% Less than 6% Less than 8% Significantly undercapitalized Less than 3% Less than 3% Less than 4% Less than 6% Critically undercapitalized Tangible Equity / Total Assets less than 2% The following table provides the capital and risk-based capital and leverage ratios for the Company and for the Bank as of the dates presented: March 31, 2022 December 31, 2021 Amount Ratio Amount Ratio Renasant Corporation Tier 1 Capital to Average Assets (Leverage) $ 1,424,268 9.00 % $ 1,422,077 9.15 % Common Equity Tier 1 Capital to Risk-Weighted Assets 1,316,342 10.78 % 1,314,295 11.18 % Tier 1 Capital to Risk-Weighted Assets 1,424,268 11.67 % 1,422,077 12.10 % Total Capital to Risk-Weighted Assets 1,892,630 15.50 % 1,897,167 16.14 % Renasant Bank Tier 1 Capital to Average Assets (Leverage) $ 1,581,608 10.00 % $ 1,580,904 10.18 % Common Equity Tier 1 Capital to Risk-Weighted Assets 1,581,608 12.95 % 1,580,904 13.46 % Tier 1 Capital to Risk-Weighted Assets 1,581,608 12.95 % 1,580,904 13.46 % Total Capital to Risk-Weighted Assets 1,714,725 14.04 % 1,697,163 14.44 % Common equity Tier 1 capital (“CET1”) generally consists of common stock, retained earnings, accumulated other comprehensive income and certain minority interests, less certain adjustments and deductions. In addition, the Company must maintain a “capital conservation buffer,” which is a specified amount of CET1 capital in addition to the amount necessary to meet minimum risk-based capital requirements. The capital conservation buffer is designed to absorb losses during periods of economic stress. If the Company’s ratio of CET1 to risk-weighted capital is below the capital conservation buffer, the Company will face restrictions on its ability to pay dividends, repurchase outstanding stock and make certain discretionary bonus payments. The required capital conservation buffer is 2.5% of CET1 to risk-weighted assets in addition to the amount necessary to meet minimum risk-based capital requirements. As shown in the tables above, as of March 31, 2022, the Company’s CET1 capital was in excess of the capital conservation buffer. The Company has elected to take advantage of transitional relief offered by the Federal Reserve and the FDIC to delay for two years the estimated impact of Accounting Standards Codification Topic 326, “Financial Instruments - Credit Losses” |
Segment Reporting
Segment Reporting | 3 Months Ended |
Mar. 31, 2022 | |
Segment Reporting [Abstract] | |
Segment Reporting | Segment Reporting (In Thousands) The operations of the Company’s reportable segments are described as follows: • The Community Banks segment delivers a complete range of banking and financial services to individuals and small to medium-sized businesses including checking and savings accounts, business and personal loans, asset-based lending and equipment leasing, as well as safe deposit and night depository facilities. • The Insurance segment includes a full service insurance agency offering all major lines of commercial and personal insurance through major carriers. • The Wealth Management segment, through the Trust division, offers a broad range of fiduciary services including the administration (as trustee or in other fiduciary or representative capacities) of benefit plans, management of trust accounts, inclusive of personal and corporate benefit accounts, and custodial accounts, as well as accounting and money management for trust accounts. In addition, the Wealth Management segment, through the Financial Services division, provides specialized products and services to customers, which include fixed and variable annuities, mutual funds and other investment services through a third party broker-dealer. To give the Company’s divisional management a more precise indication of the income and expenses they can control, the results of operations for the Community Banks, the Insurance and the Wealth Management segments reflect the direct revenues and expenses of each respective segment. Indirect revenues and expenses, including but not limited to income from the Company’s investment portfolio as well as certain costs associated with data processing and back office functions, primarily support the operations of the community banks and, therefore, are included in the results of the Community Banks segment. Included in “Other” are the operations of the holding company and other eliminations which are necessary for purposes of reconciling to the consolidated amounts. The following tables provide financial information for the Company’s operating segments as of and for the periods presented: Community Insurance Wealth Other Consolidated Three months ended March 31, 2022 Net interest income (loss) $ 103,932 $ 93 $ 490 $ (4,886) $ 99,629 Provision for credit losses 1,500 — — — 1,500 Noninterest income (loss) 28,306 3,097 6,505 (450) 37,458 Noninterest expense 86,871 2,116 4,755 363 94,105 Income (loss) before income taxes 43,867 1,074 2,240 (5,699) 41,482 Income tax expense (benefit) 9,131 281 — (1,477) 7,935 Net income (loss) $ 34,736 $ 793 $ 2,240 $ (4,222) $ 33,547 Total assets $ 16,757,670 $ 33,794 $ 64,761 $ 7,532 $ 16,863,757 Goodwill $ 943,524 $ 2,767 $ — $ — $ 946,291 Three months ended March 31, 2021 Net interest income (loss) $ 112,948 $ 107 $ 384 $ (3,791) $ 109,648 Provision for credit losses — — — — — Noninterest income (loss) 73,070 3,248 5,171 (452) 81,037 Noninterest expense (benefit) 109,586 1,923 4,101 325 115,935 Income (loss) before income taxes 76,432 1,432 1,454 (4,568) 74,750 Income tax expense (benefit) 17,656 367 — (1,181) 16,842 Net income (loss) $ 58,776 $ 1,065 $ 1,454 $ (3,387) $ 57,908 Total assets $ 15,525,500 $ 31,004 $ 64,320 $ 1,747 $ 15,622,571 Goodwill $ 936,916 $ 2,767 $ — $ — $ 939,683 |
Summary of Significant Accoun_2
Summary of Significant Accounting Policies (Policies) | 3 Months Ended |
Mar. 31, 2022 | |
Accounting Policies [Abstract] | |
Basis of presentation | Basis of Presentation : The accompanying unaudited consolidated financial statements of the Company and its subsidiaries have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and in accordance with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. For further information regarding the Company’s significant accounting policies, refer to the audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021 filed with the Securities and Exchange Commission on February 25, 2022. |
Use of estimates | Use of Estimates : The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates, and such differences may be material. |
Impact of recently-issued accounting standards and pronouncements | Impact of Recently-Issued Accounting Standards and Pronouncements : In March 2022, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2022-01, “Derivatives and Hedging (Topic 815): Fair Value Hedging - Portfolio Layer Method” (“ASU 2022-01”), which expands the last-of-layer method (which previously allowed entities to hedge exposure of a closed portfolio of prepayable financial assets to fair value changes due to changes in interest rates for a portion of the portfolio that is not expected to be affected by prepayments, defaults and other events impacting the timing and amount of cash flows on only one hedged layer) to the portfolio layer method which allows for multiple hedged layers in a single closed portfolio. ASU 2022-01 also expands the scope to include non-prepayable financial assets, specifies eligible hedging instruments in a single layer hedge, provides guidance on the accounting for and disclosure of hedge basis adjustment under the portfolio layer method and specifies how hedge basis adjustments should be considered when determining credit losses for assets included in a closed portfolio. ASU 2022-01 will be effective on January 1, 2023. Early adoption is permitted, including in an interim period. ASU 2022-01 is not expected to have a significant impact on the Company’s financial statements. In March 2022, the FASB issued ASU 2022-02, “Financial Instruments - Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures” (“ASU 2022-02”) , which eliminates the accounting guidance for troubled debt restructurings in Accounting Standards Codification (“ASC”) Subtopic 310-40, “Receivables - Troubled Debt Restructurings by Creditors , ” while enhancing disclosure requirements for certain loan refinancings and restructurings by creditors when a borrower is experiencing financial difficulty. Additionally, ASU 2022-02 requires entities to disclose current-period gross write-offs by year of origination for financing receivables and net investments in leases. ASU 2022-02 will be effective on January 1, 2023. Early adoption is permitted, including in an interim period. The adoption of this accounting pronouncement will have no impact on the Company’s financial statements aside from additional and revised disclosures. |
Securities (Tables)
Securities (Tables) | 3 Months Ended |
Mar. 31, 2022 | |
Investments, Debt and Equity Securities [Abstract] | |
Amortized cost and fair value of securities available for sale | The amortized cost and fair value of securities available for sale were as follows as of the dates presented in the tables below. There was no allowance for credit losses allocated to any of the Company’s available for sale securities as of March 31, 2022 or December 31, 2021. Amortized Gross Gross Fair March 31, 2022 U.S. Treasury securities $ 2,000 $ — $ — $ 2,000 Obligations of states and political subdivisions 161,565 1,117 (5,205) 157,477 Residential mortgage backed securities: Government agency mortgage backed securities 969,140 1,249 (48,493) 921,896 Government agency collateralized mortgage obligations 1,094,043 5 (83,591) 1,010,457 Commercial mortgage backed securities: Government agency mortgage backed securities 11,277 — (371) 10,906 Government agency collateralized mortgage obligations 221,955 87 (12,852) 209,190 Other debt securities 94,996 385 (1,991) 93,390 $ 2,554,976 $ 2,843 $ (152,503) $ 2,405,316 Amortized Gross Gross Fair December 31, 2021 U.S. Treasury securities $ 3,007 $ 3 $ — $ 3,010 Obligations of other U.S. Government agencies and corporations 153,847 5,532 (269) 159,110 Obligations of states and political subdivisions — — — — Residential mortgage backed securities: Government agency mortgage backed securities 967,497 7,854 (6,816) 968,535 Government agency collateralized mortgage obligations 1,008,514 457 (20,371) 988,600 Commercial mortgage backed securities: Government agency mortgage backed securities 14,717 365 (1) 15,081 Government agency collateralized mortgage obligations 216,859 812 (3,419) 214,252 Trust preferred securities — — — — Other debt securities 36,515 1,097 (148) 37,464 $ 2,400,956 $ 16,120 $ (31,024) $ 2,386,052 The amortized cost and fair value of securities held to maturity were as follows as of the dates presented: Amortized Gross Gross Fair March 31, 2022 Obligations of states and political subdivisions $ 290,588 $ — $ (26,969) $ 263,619 Residential mortgage backed securities Government agency mortgage backed securities 95,369 — (3,943) 91,426 Government agency collateralized mortgage obligations 23,403 — (1,904) 21,499 Commercial mortgage backed securities: Government agency mortgage backed securities 17,022 — (1,488) 15,534 Government agency collateralized mortgage obligations 38,906 — (2,261) 36,645 Other debt securities 21,938 — (1,120) 20,818 $ 487,226 $ — $ (37,685) $ 449,541 Allowance for credit losses - held to maturity securities (32) Held to maturity securities, net of allowance for credit losses $ 487,194 Amortized Gross Gross Fair December 31, 2021 Obligations of states and political subdivisions $ 267,641 $ 333 $ (685) $ 267,289 Residential mortgage backed securities Government agency mortgage backed securities 60,507 1 (198) 60,310 Government agency collateralized mortgage obligations 24,832 — (92) 24,740 Commercial mortgage backed securities: Government agency mortgage backed securities 1,855 — — 1,855 Government agency collateralized mortgage obligations 39,505 — (117) 39,388 Other debt securities 22,049 — (79) 21,970 $ 416,389 $ 334 $ (1,171) $ 415,552 Allowance for credit losses - held to maturity securities (32) Held to maturity securities, net of allowance for credit losses $ 416,357 |
Schedule of realized gain (loss) | Securities sold during the three months ended March 31, 2021 were as set forth in the table below. Carrying Value Net Proceeds Gain/(Loss) Three months ended March 31, 2021 Obligations of states and political subdivisions $ 47 $ 50 $ 3 Residential mortgage backed securities: Government agency mortgage backed securities 136,340 139,735 3,395 Government agency collateralized mortgage obligations 5,626 5,646 20 Trust preferred securities 12,021 9,960 (2,061) $ 154,034 $ 155,391 $ 1,357 Gross realized gains and losses on sales of securities available for sale for the three months ended March 31, 2021 were as follows: Three Months Ended March 31, 2021 Gross gains on sales of securities available for sale $ 3,508 Gross losses on sales of securities available for sale (2,151) Gains on sales of securities available for sale, net $ 1,357 |
Amortized cost and fair value of securities by contractual maturity | The amortized cost and fair value of securities at March 31, 2022 by contractual maturity are shown below. Expected maturities will differ from contractual maturities because issuers may call or prepay obligations with or without call or prepayment penalties. Held to Maturity Available for Sale Amortized Fair Amortized Fair Due within one year $ 155 $ 155 $ 3,996 $ 4,003 Due after one year through five years 2,047 1,977 37,518 37,814 Due after five years through ten years 18,244 16,884 66,830 66,946 Due after ten years 270,142 244,603 88,851 84,252 Residential mortgage backed securities: Government agency mortgage backed securities 95,369 91,426 969,140 921,896 Government agency collateralized mortgage obligations 23,403 21,499 1,094,043 1,010,457 Commercial mortgage backed securities: Government agency mortgage backed securities 17,022 15,534 11,277 10,906 Government agency collateralized mortgage obligations 38,906 36,645 221,955 209,190 Other debt securities 21,938 20,818 61,366 59,852 $ 487,226 $ 449,541 $ 2,554,976 $ 2,405,316 |
Gross unrealized losses and fair value by investment category | The following tables present the age of gross unrealized losses and fair value by investment category for which an allowance for credit losses has not been recorded as of the dates presented: Less than 12 Months 12 Months or More Total # Fair Unrealized # Fair Unrealized # Fair Unrealized Available for Sale: March 31, 2022 Obligations of states and political subdivisions 41 $ 81,646 $ (4,767) 4 $ 5,805 $ (438) 45 $ 87,451 $ (5,205) Residential mortgage backed securities: Government agency mortgage backed securities 80 761,484 (43,653) 6 49,651 (4,840) 86 811,135 (48,493) Government agency collateralized mortgage obligations 61 932,820 (74,437) 4 77,376 (9,154) 65 1,010,196 (83,591) Commercial mortgage backed securities: Government agency mortgage backed securities 3 10,481 (371) 1 425 — 4 10,906 (371) Government agency collateralized mortgage obligations 24 150,009 (8,741) 7 40,496 (4,111) 31 190,505 (12,852) Other debt securities 10 51,369 (1,991) — — — 10 51,369 (1,991) Total 219 $ 1,987,809 $ (133,960) 22 $ 173,753 $ (18,543) 241 $ 2,161,562 $ (152,503) December 31, 2021 Obligations of states and political subdivisions 8 $ 34,303 $ (216) 3 $ 3,892 $ (53) 11 $ 38,195 $ (269) Residential mortgage backed securities: Government agency mortgage backed securities 41 727,546 (6,312) 1 12,305 (504) 42 739,851 (6,816) Government agency collateralized mortgage obligations 49 966,126 (20,371) — — — 49 966,126 (20,371) Commercial mortgage backed securities: Government agency mortgage backed securities 1 1,791 (1) 1 432 — 2 2,223 (1) Government agency collateralized mortgage obligations 21 160,919 (3,072) 2 9,005 (347) 23 169,924 (3,419) Trust preferred securities — — — — — — — — — Other debt securities 1 8,699 (148) — — — 1 8,699 (148) Total 121 $ 1,899,384 $ (30,120) 7 $ 25,634 $ (904) 128 $ 1,925,018 $ (31,024) Less than 12 Months 12 Months or More Total # Fair Unrealized # Fair Unrealized # Fair Unrealized Held to Maturity: March 31, 2022 Obligations of states and political subdivisions 127 $ 261,920 $ (26,786) 1 $ 1,699 $ (183) 128 $ 263,619 $ (26,969) Residential mortgage backed securities: Government agency mortgage backed securities 55 86,842 (3,599) 1 4,584 (344) 56 91,426 (3,943) Government agency collateralized mortgage obligations — — — 1 21,499 (1,904) 1 $ 21,499 $ (1,904) Commercial mortgage backed securities: Government agency mortgage backed securities 1 15,534 (1,488) — — — 1 $ 15,534 $ (1,488) Government agency collateralized mortgage obligations 6 31,380 (1,923) 1 5,265 (338) 7 $ 36,645 $ (2,261) Other debt securities 8 20,818 (1,120) — — — 8 $ 20,818 $ (1,120) Total 197 $ 416,494 $ (34,916) 4 $ 33,047 $ (2,769) 201 $ 449,541 $ (37,685) December 31, 2021 Obligations of states and political subdivisions 24 $ 62,131 $ (685) — $ — $ — 24 $ 62,131 $ (685) Residential mortgage backed securities: Government agency mortgage backed securities 50 53,560 (181) 1 5,354 (17) 51 58,914 (198) Government agency collateralized mortgage obligations 1 24,740 (92) — — — 1 24,740 (92) Commercial mortgage backed securities: Government agency collateralized mortgage obligations 7 39,388 (117) — — — 7 39,388 (117) Other debt securities 8 21,972 (79) — — — 8 21,972 (79) Total 90 $ 201,791 $ (1,154) 1 $ 5,354 $ (17) 91 $ 207,145 $ (1,171) |
Non Purchased Loans (Tables)
Non Purchased Loans (Tables) | 3 Months Ended |
Mar. 31, 2022 | |
Receivables [Abstract] | |
Summary of non-purchased loans and leases | The following is a summary of non purchased loans and leases as of the dates presented: March 31, December 31, 2021 Commercial, financial, agricultural (1) $ 1,336,239 $ 1,332,962 Lease financing 94,954 80,192 Real estate – construction: Residential 305,396 300,988 Commercial 911,532 798,914 Total real estate – construction 1,216,928 1,099,902 Real estate – 1-4 family mortgage: Primary 1,803,750 1,682,050 Home equity 424,426 423,108 Rental/investment 274,117 268,245 Land development 142,294 135,070 Total real estate – 1-4 family mortgage 2,644,587 2,508,473 Real estate – commercial mortgage: Owner-occupied 1,318,446 1,329,219 Non-owner occupied 2,510,981 2,446,370 Land development 116,113 110,395 Total real estate – commercial mortgage 3,945,540 3,885,984 Installment loans to individuals 105,754 107,565 Gross loans 9,344,002 9,015,078 Unearned income (5,112) (4,067) Loans, net of unearned income $ 9,338,890 $ 9,011,011 (1) Includes Paycheck Protection Program (“PPP”) loans of $8,382 and $58,391 as of March 31, 2022 and December 31, 2021, respectively. The following is a summary of purchased loans as of the dates presented: March 31, December 31, 2021 Commercial, financial, agricultural $ 109,368 $ 90,308 Real estate – construction: Residential 1,259 1,287 Commercial 3,865 3,707 Total real estate – construction 5,124 4,994 Real estate – 1-4 family mortgage: Primary 122,063 134,070 Home equity 46,239 51,496 Rental/investment 18,694 20,229 Land development 9,396 9,978 Total real estate – 1-4 family mortgage 196,392 215,773 Real estate – commercial mortgage: Owner-occupied 220,247 234,132 Non-owner occupied 396,135 410,577 Land development 15,942 18,344 Total real estate – commercial mortgage 632,324 663,053 Installment loans to individuals 31,361 35,775 Loans $ 974,569 $ 1,009,903 The following is a summary of total non purchased and purchased loans as of the dates presented: March 31, December 31, 2021 Commercial, financial, agricultural (1) $ 1,445,607 $ 1,423,270 Lease financing 94,954 80,192 Real estate – construction: Residential 306,655 302,275 Commercial 915,397 802,621 Total real estate – construction 1,222,052 1,104,896 Real estate – 1-4 family mortgage: Primary 1,925,813 1,816,120 Home equity 470,665 474,604 Rental/investment 292,811 288,474 Land development 151,690 145,048 Total real estate – 1-4 family mortgage 2,840,979 2,724,246 Real estate – commercial mortgage: Owner-occupied 1,538,693 1,563,351 Non-owner occupied 2,907,116 2,856,947 Land development 132,055 128,739 Total real estate – commercial mortgage 4,577,864 4,549,037 Installment loans to individuals 137,115 143,340 Gross loans 10,318,571 10,024,981 Unearned income (5,112) (4,067) Loans, net of unearned income 10,313,459 10,020,914 Allowance for credit losses on loans (166,468) (164,171) Net loans $ 10,146,991 $ 9,856,743 (1) Includes Paycheck Protection Program (“PPP”) loans of $8,382 and $58,391 as of March 31, 2022 and December 31, 2021, respectively. |
Aging of past due and nonaccrual loans | The following tables provide an aging of past due accruing and nonaccruing loans, segregated by class, as of the dates presented: Accruing Loans Nonaccruing Loans 30-89 Days 90 Days Current Total 30-89 Days 90 Days Current Total Total March 31, 2022 Commercial, financial, agricultural $ 1,519 $ 77 $ 1,329,682 $ 1,331,278 $ 739 $ 2,875 $ 1,347 $ 4,961 $ 1,336,239 Lease financing — — 94,954 94,954 — — — — 94,954 Real estate – construction: Residential 1,857 — 303,539 305,396 — — — — 305,396 Commercial — — 911,532 911,532 — — — — 911,532 Total real estate – construction 1,857 — 1,215,071 1,216,928 — — — — 1,216,928 Real estate – 1-4 family mortgage: Primary 16,852 — 1,771,806 1,788,658 4,018 6,812 4,262 15,092 1,803,750 Home equity 1,953 32 420,995 422,980 54 1,012 380 1,446 424,426 Rental/investment 562 100 272,736 273,398 16 438 265 719 274,117 Land development 332 — 141,441 141,773 — 333 188 521 142,294 Total real estate – 1-4 family mortgage 19,699 132 2,606,978 2,626,809 4,088 8,595 5,095 17,778 2,644,587 Real estate – commercial mortgage: Owner-occupied 2,617 — 1,312,212 1,314,829 2,809 808 — 3,617 1,318,446 Non-owner occupied 662 — 2,504,698 2,505,360 — — 5,621 5,621 2,510,981 Land development 202 — 115,582 115,784 — 292 37 329 116,113 Total real estate – commercial mortgage 3,481 — 3,932,492 3,935,973 2,809 1,100 5,658 9,567 3,945,540 Installment loans to individuals 674 — 104,813 105,487 3 20 244 267 105,754 Unearned income — — (5,112) (5,112) — — — — (5,112) Loans, net of unearned income $ 27,230 $ 209 $ 9,278,878 $ 9,306,317 $ 7,639 $ 12,590 $ 12,344 $ 32,573 $ 9,338,890 Accruing Loans Nonaccruing Loans 30-89 Days 90 Days Current Total 30-89 Days 90 Days Current Total Total December 31, 2021 Commercial, financial, agricultural $ 3,325 $ 103 $ 1,323,774 $ 1,327,202 $ 1,669 $ 2,665 $ 1,426 $ 5,760 $ 1,332,962 Lease financing — — 80,181 80,181 — 11 — 11 80,192 Real estate – construction: Residential 1,077 — 299,911 300,988 — — — — 300,988 Commercial — — 798,914 798,914 — — — — 798,914 Total real estate – construction 1,077 — 1,098,825 1,099,902 — — — — 1,099,902 Real estate – 1-4 family mortgage: Primary 14,785 389 1,652,940 1,668,114 1,920 8,195 3,821 13,936 1,682,050 Home equity 1,468 — 420,695 422,163 182 546 217 945 423,108 Rental/investment 401 445 266,353 267,199 — 771 275 1,046 268,245 Land development 431 — 134,382 134,813 — 65 192 257 135,070 Total real estate – 1-4 family mortgage 17,085 834 2,474,370 2,492,289 2,102 9,577 4,505 16,184 2,508,473 Real estate – commercial mortgage: Owner-occupied 720 36 1,325,776 1,326,532 163 822 1,702 2,687 1,329,219 Non-owner occupied 260 89 2,440,513 2,440,862 — — 5,508 5,508 2,446,370 Land development 476 — 109,575 110,051 — 292 52 344 110,395 Total real estate – commercial mortgage 1,456 125 3,875,864 3,877,445 163 1,114 7,262 8,539 3,885,984 Installment loans to individuals 978 12 106,318 107,308 30 95 132 257 107,565 Unearned income — — (4,067) (4,067) — — — — (4,067) Loans, net of unearned income $ 23,921 $ 1,074 $ 8,955,265 $ 8,980,260 $ 3,964 $ 13,462 $ 13,325 $ 30,751 $ 9,011,011 The following tables provide an aging of past due accruing and nonaccruing loans, segregated by class, as of the dates presented: Accruing Loans Nonaccruing Loans 30-89 Days 90 Days Current Total 30-89 Days 90 Days Current Total Total March 31, 2022 Commercial, financial, agricultural $ 316 $ — $ 100,913 $ 101,229 $ 203 $ 1,996 $ 5,940 $ 8,139 $ 109,368 Real estate – construction: Residential — — 1,259 1,259 — — — — 1,259 Commercial — — 3,865 3,865 — — — — 3,865 Total real estate – construction — — 5,124 5,124 — — — — 5,124 Real estate – 1-4 family mortgage: Primary 1,224 — 115,600 116,824 981 1,706 2,552 5,239 122,063 Home equity 297 — 45,187 45,484 97 265 393 755 46,239 Rental/investment — — 18,635 18,635 — — 59 59 18,694 Land development 75 — 9,321 9,396 — — — — 9,396 Total real estate – 1-4 family mortgage 1,596 — 188,743 190,339 1,078 1,971 3,004 6,053 196,392 Real estate – commercial mortgage: Owner-occupied 314 — 217,850 218,164 — 138 1,945 2,083 220,247 Non-owner occupied 54 — 393,144 393,198 2,931 — 6 2,937 396,135 Land development — 38 15,786 15,824 — — 118 118 15,942 Total real estate – commercial mortgage 368 38 626,780 627,186 2,931 138 2,069 5,138 632,324 Installment loans to individuals 1,107 — 30,162 31,269 16 — 76 92 31,361 Loans, net of unearned income $ 3,387 $ 38 $ 951,722 $ 955,147 $ 4,228 $ 4,105 $ 11,089 $ 19,422 $ 974,569 Accruing Loans Nonaccruing Loans 30-89 Days 90 Days Current Total 30-89 Days 90 Days Current Total Total December 31, 2021 Commercial, financial, agricultural $ 122 $ — $ 82,918 $ 83,040 $ 42 $ 1,618 $ 5,608 $ 7,268 $ 90,308 Real estate – construction: Residential — — 1,287 1,287 — — — — 1,287 Commercial — — 3,707 3,707 — — — — 3,707 Total real estate – construction — — 4,994 4,994 — — — — 4,994 Real estate – 1-4 family mortgage: Primary 1,042 36 127,820 128,898 257 2,225 2,690 5,172 134,070 Home equity 149 — 50,573 50,722 — 373 401 774 51,496 Rental/investment 20 — 20,105 20,125 26 — 78 104 20,229 Land development — — 9,978 9,978 — — — — 9,978 Total real estate – 1-4 family mortgage 1,211 36 208,476 209,723 283 2,598 3,169 6,050 215,773 Real estate – commercial mortgage: Owner-occupied 1,511 323 230,305 232,139 — 289 1,704 1,993 234,132 Non-owner occupied — — 407,639 407,639 — — 2,938 2,938 410,577 Land development — — 18,218 18,218 — — 126 126 18,344 Total real estate – commercial mortgage 1,511 323 656,162 657,996 — 289 4,768 5,057 663,053 Installment loans to individuals 839 8 34,690 35,537 15 11 212 238 35,775 Loans, net of unearned income $ 3,683 $ 367 $ 987,240 $ 991,290 $ 340 $ 4,516 $ 13,757 $ 18,613 $ 1,009,903 |
Impact of modifications classified as restructured loans | The tables below illustrate the impact of modifications classified as restructured loans which were made during the periods presented and held on the Consolidated Balance Sheets at the respective period end. Number of Pre- Post- Three months ended March 31, 2022 Real estate – 1-4 family mortgage: Primary 7 $ 865 $ 873 Real estate – commercial mortgage: Owner-occupied 1 6,500 6,500 Total 8 $ 7,365 $ 7,373 Three months ended March 31, 2021 Real estate – 1-4 family mortgage: Primary 3 $ 432 $ 435 Real estate – commercial mortgage: Non-owner occupied 1 837 810 Total 4 $ 1,269 $ 1,245 The tables below illustrate the impact of modifications classified as restructured loans which were made during the periods presented and held on the Consolidated Balance Sheets at the respective period end. Number of Pre- Post- Three months ended March 31, 2022 Real estate – 1-4 family mortgage: Land development 3 $ 98 $ 94 Three months ended March 31, 2021 Commercial, financial, agricultural 1 $ 135 $ 135 |
Changes in restructured loans | Changes in the Company’s restructured loans are set forth in the table below: Number of Recorded Totals at January 1, 2022 97 $ 14,650 Additional advances or loans with concessions 8 7,403 Reductions due to: Reclassified as nonperforming (4) (452) Paid in full (5) (530) Principal paydowns — (91) Totals at March 31, 2022 96 $ 20,980 Changes in the Company’s restructured loans are set forth in the table below: Number of Recorded Totals at January 1, 2022 38 $ 5,609 Additional advances or loans with concessions 3 110 Reclassified as performing restructured loan 3 302 Reductions due to: Reclassified to nonperforming loans (2) (41) Paid in full (2) (1,596) Charge-offs — — Principal paydowns — (44) Totals at March 31, 2022 40 $ 4,340 |
Loan portfolio by risk-rating grades | The following tables present the Company’s loan portfolio by year of origination and internal risk-rating grades as of the dates presented: Term Loans Amortized Cost Basis by Origination Year 2022 2021 2020 2019 2018 Prior Revolving Loans Revolving Loans Converted to Term Total March 31, 2022 Commercial, Financial, Agricultural $ 96,762 $ 276,836 $ 184,316 $ 105,812 $ 39,160 $ 21,356 $ 573,245 $ 4,504 $ 1,301,991 Pass 96,208 275,666 176,524 105,294 37,590 20,606 571,066 3,497 1,286,451 Special Mention 89 — — 194 272 — 601 — 1,156 Substandard 465 1,170 7,792 324 1,298 750 1,578 1,007 14,384 Lease Financing Receivables $ 19,463 $ 24,644 $ 21,969 $ 14,215 $ 6,758 $ 2,793 $ — $ — $ 89,842 Pass 19,463 24,644 21,969 14,215 6,758 2,341 — — 89,390 Special Mention — — — — — 452 — — 452 Substandard — — — — — — — — — Real Estate - Construction $ 162,809 $ 482,341 $ 318,316 $ 145,402 $ 15,525 $ — $ 6,539 $ 602 $ 1,131,534 Residential $ 61,146 $ 150,122 $ 6,025 $ — $ — $ — $ 2,107 $ 602 $ 220,002 Pass 61,146 150,122 6,025 — — — 2,107 602 220,002 Special Mention — — — — — — — — — Substandard — — — — — — — — — Commercial $ 101,663 $ 332,219 $ 312,291 $ 145,402 $ 15,525 $ — $ 4,432 $ — $ 911,532 Pass 101,663 331,298 312,291 145,402 15,525 — 4,432 — 910,611 Special Mention — 921 — — — — — — 921 Substandard — — — — — — — — — Real Estate - 1-4 Family Mortgage $ 86,992 $ 180,183 $ 67,130 $ 43,262 $ 24,115 $ 29,405 $ 26,986 $ 854 $ 458,927 Primary $ 7,747 $ 12,478 $ 6,702 $ 2,969 $ 4,159 $ 4,803 $ 6,002 $ — $ 44,860 Pass 7,538 12,478 6,702 2,848 4,159 4,436 5,991 — 44,152 Special Mention — — — — — — — — — Substandard 209 — — 121 — 367 11 — 708 Home Equity $ — $ 1,324 $ — $ 41 $ 127 $ — $ 13,817 $ 9 $ 15,318 Pass — 1,324 — 41 127 — 13,817 9 15,318 Special Mention — — — — — — — — — Substandard — — — — — — — — — Rental/Investment $ 41,987 $ 100,533 $ 51,166 $ 29,396 $ 19,608 $ 24,032 $ 6,321 $ 845 $ 273,888 Pass 41,966 100,456 50,958 28,363 19,339 23,306 6,321 845 271,554 Special Mention — — — — — — — — — Substandard 21 77 208 1,033 269 726 — — 2,334 Land Development $ 37,258 $ 65,848 $ 9,262 $ 10,856 $ 221 $ 570 $ 846 $ — $ 124,861 Pass 37,258 65,848 8,974 10,832 221 570 846 — 124,549 Special Mention — — — — — — — — — Substandard — — 288 24 — — — — 312 Real Estate - Commercial Mortgage $ 398,640 $ 1,095,513 $ 790,229 $ 608,176 $ 304,844 $ 578,577 $ 137,549 $ 19,906 $ 3,933,434 Owner-Occupied $ 121,718 $ 302,860 $ 266,970 $ 197,621 $ 146,863 $ 219,190 $ 55,759 $ 7,316 $ 1,318,297 Term Loans Amortized Cost Basis by Origination Year 2022 2021 2020 2019 2018 Prior Revolving Loans Revolving Loans Converted to Term Total Pass 121,353 301,595 265,142 196,020 145,137 203,852 55,759 6,347 1,295,205 Special Mention — 1,191 — 347 — 3,127 — 932 5,597 Substandard 365 74 1,828 1,254 1,726 12,211 — 37 17,495 Non-Owner Occupied $ 260,565 $ 749,262 $ 507,210 $ 400,465 $ 152,176 $ 356,205 $ 72,478 $ 12,590 $ 2,510,951 Pass 260,361 740,078 507,210 387,131 152,176 292,279 72,478 12,590 2,424,303 Special Mention — 9,184 — 11,322 — 24,606 — — 45,112 Substandard 204 — — 2,012 — 39,320 — — 41,536 Land Development $ 16,357 $ 43,391 $ 16,049 $ 10,090 $ 5,805 $ 3,182 $ 9,312 $ — $ 104,186 Pass 14,759 43,123 15,713 10,090 5,724 3,182 9,312 — 101,903 Special Mention — 43 — — — — — — 43 Substandard 1,598 225 336 — 81 — — — 2,240 Installment loans to individuals $ 73 $ — $ — $ 37 $ — $ — $ — $ — $ 110 Pass 73 — — 37 — — — — 110 Special Mention — — — — — — — — — Substandard — — — — — — — — — Total loans subject to risk rating $ 764,739 $ 2,059,517 $ 1,381,960 $ 916,904 $ 390,402 $ 632,131 $ 744,319 $ 25,866 $ 6,915,838 Pass 761,788 2,046,632 1,371,508 900,273 386,756 550,572 742,129 23,890 6,783,548 Special Mention 89 11,339 — 11,863 272 28,185 601 932 53,281 Substandard 2,862 1,546 10,452 4,768 3,374 53,374 1,589 1,044 79,009 Term Loans Amortized Cost Basis by Origination Year 2021 2020 2019 2018 2017 Prior Revolving Loans Revolving Loans Converted to Term Total December 31, 2021 Commercial, Financial, Agricultural $ 300,748 $ 245,940 $ 122,350 $ 44,533 $ 15,384 $ 11,103 $ 557,628 $ 2,757 $ 1,300,443 Pass 299,731 245,657 120,102 43,042 14,603 8,605 553,541 2,002 1,287,283 Special Mention — 136 1,798 281 605 1,196 651 — 4,667 Substandard 1,017 147 450 1,210 176 1,302 3,436 755 8,493 Real Estate - Construction $ 461,370 $ 371,694 $ 174,369 $ 14,813 $ — $ — $ 3,769 $ 2,428 $ 1,028,443 Residential $ 210,734 $ 12,598 $ — $ — $ — $ — $ 3,769 $ 2,428 $ 229,529 Pass 210,734 12,598 — — — — 3,769 2,428 229,529 Special Mention — — — — — — — — — Substandard — — — — — — — — — Commercial $ 250,636 $ 359,096 $ 174,369 $ 14,813 $ — $ — $ — $ — $ 798,914 Pass 250,636 359,096 174,369 14,813 — — — — 798,914 Special Mention — — — — — — — — — Substandard — — — — — — — — — Term Loans Amortized Cost Basis by Origination Year 2021 2020 2019 2018 2017 Prior Revolving Loans Revolving Loans Converted to Term Total Real Estate - 1-4 Family Mortgage $ 205,137 $ 83,038 $ 60,240 $ 30,044 $ 28,340 $ 8,846 $ 25,534 $ 941 $ 442,120 Primary $ 15,599 $ 7,698 $ 3,662 $ 5,985 $ 4,150 $ 1,066 $ 4,727 $ — $ 42,887 Pass 15,599 7,698 3,496 5,985 4,066 1,057 4,716 — 42,617 Special Mention — — — — — — — — — Substandard — — 166 — 84 9 11 — 270 Home Equity $ 1,318 $ — $ 42 $ 131 $ — $ — $ 13,615 $ 10 $ 15,116 Pass 1,318 — 42 131 — — 13,615 10 15,116 Special Mention — — — — — — — — — Substandard — — — — — — — — — Rental/Investment $ 111,006 $ 61,801 $ 33,734 $ 23,520 $ 23,890 $ 7,469 $ 5,554 $ 931 $ 267,905 Pass 110,987 60,855 32,733 23,246 23,708 7,098 5,554 931 265,112 Special Mention — 249 — — — — — — 249 Substandard 19 697 1,001 274 182 371 — — 2,544 Land Development $ 77,214 $ 13,539 $ 22,802 $ 408 $ 300 $ 311 $ 1,638 $ — $ 116,212 Pass 74,818 13,539 22,769 408 300 311 1,638 — 113,783 Special Mention 2,396 — — — — — — — 2,396 Substandard — — 33 — — — — — 33 Real Estate - Commercial Mortgage $ 1,168,118 $ 836,549 $ 680,506 $ 344,089 $ 298,644 $ 376,652 $ 147,446 $ 21,644 $ 3,873,648 Owner-Occupied $ 312,031 $ 305,686 $ 220,057 $ 164,345 $ 140,265 $ 117,767 $ 59,126 $ 9,748 $ 1,329,025 Pass 310,736 304,555 218,447 161,521 134,410 109,577 59,126 8,036 1,306,408 Special Mention 1,210 1,131 — — 1,733 328 — 1,712 6,114 Substandard 85 — 1,610 2,824 4,122 7,862 — — 16,503 Non-Owner Occupied $ 809,784 $ 511,803 $ 449,409 $ 173,123 $ 155,175 $ 256,133 $ 79,016 $ 11,896 $ 2,446,339 Pass 800,348 503,009 436,062 165,843 102,446 242,665 79,016 11,896 2,341,285 Special Mention 9,235 8,794 11,356 7,280 33,176 8,024 — — 77,865 Substandard 201 — 1,991 — 19,553 5,444 — — 27,189 Land Development $ 46,303 $ 19,060 $ 11,040 $ 6,621 $ 3,204 $ 2,752 $ 9,304 $ — $ 98,284 Pass 46,034 17,030 11,040 6,569 3,204 2,752 9,304 — 95,933 Special Mention 44 — — — — — — — 44 Substandard 225 2,030 — 52 — — — — 2,307 Installment loans to individuals $ — $ — $ 42 $ — $ — $ — $ — $ — $ 42 Pass — — 42 — — — — — 42 Special Mention — — — — — — — — — Substandard — — — — — — — — — Total loans subject to risk rating $ 2,135,373 $ 1,537,221 $ 1,037,507 $ 433,479 $ 342,368 $ 396,601 $ 734,377 $ 27,770 $ 6,644,696 Pass 2,120,941 1,524,037 1,019,102 421,558 282,737 372,065 730,279 25,303 6,496,022 Special Mention 12,885 10,310 13,154 7,561 35,514 9,548 651 1,712 91,335 Substandard 1,547 2,874 5,251 4,360 24,117 14,988 3,447 755 57,339 The following tables present the performing status of the Company’s loan portfolio not subject to risk rating as of the dates presented: Term Loans Amortized Cost Basis by Origination Year 2022 2021 2020 2019 2018 Prior Revolving Loans Revolving Loans Converted to Term Total March 31, 2022 Commercial, Financial, Agricultural $ — $ 24 $ — $ — $ — $ 4,586 $ 29,638 $ — $ 34,248 Performing Loans — 24 — — — 4,586 29,638 — 34,248 Non-Performing Loans — — — — — — — — — Real Estate - Construction $ 7,060 $ 70,624 $ 6,079 $ 1,631 $ — $ — $ — $ — $ 85,394 Residential $ 7,060 $ 70,624 $ 6,079 $ 1,631 $ — $ — $ — $ — $ 85,394 Performing Loans 7,060 70,624 6,079 1,631 — — — — 85,394 Non-Performing Loans — — — — — — — — — Commercial $ — $ — $ — $ — $ — $ — $ — $ — $ — Performing Loans — — — — — — — — — Non-Performing Loans — — — — — — — — — Real Estate - 1-4 Family Mortgage $ 202,102 $ 576,608 $ 389,909 $ 182,310 $ 142,482 $ 284,535 $ 404,747 $ 2,967 $ 2,185,660 Primary $ 199,643 $ 566,132 $ 387,647 $ 181,465 $ 140,891 $ 283,112 $ — $ — $ 1,758,890 Performing Loans 199,643 565,669 386,148 179,052 136,035 277,478 — — 1,744,025 Non-Performing Loans — 463 1,499 2,413 4,856 5,634 — — 14,865 Home Equity $ 520 $ 111 $ — $ 79 $ 224 $ 460 $ 404,747 $ 2,967 $ 409,108 Performing Loans 520 111 — 79 224 388 403,926 2,413 407,661 Non-Performing Loans — — — — — 72 821 554 1,447 Rental/Investment $ — $ — $ — $ — $ — $ 229 $ — $ — $ 229 Performing Loans — — — — — 176 — — 176 Non-Performing Loans — — — — — 53 — — 53 Land Development $ 1,939 $ 10,365 $ 2,262 $ 766 $ 1,367 $ 734 $ — $ — $ 17,433 Performing Loans 1,939 10,340 2,172 734 1,367 672 — — 17,224 Non-Performing Loans — 25 90 32 — 62 — — 209 Real Estate - Commercial Mortgage $ 1,004 $ 4,940 $ 3,204 $ 1,785 $ 748 $ 425 $ — $ — $ 12,106 Owner-Occupied $ — $ — $ 135 $ 14 $ — $ — $ — $ — $ 149 Performing Loans — — 135 14 — — — — 149 Non-Performing Loans — — — — — — — — — Non-Owner Occupied $ — $ — $ 30 $ — $ — $ — $ — $ — $ 30 Performing Loans — — 30 — — — — — 30 Non-Performing Loans — — — — — — — — — Land Development $ 1,004 $ 4,940 $ 3,039 $ 1,771 $ 748 $ 425 $ — $ — $ 11,927 Performing Loans 1,004 4,940 3,039 1,755 748 374 — — 11,860 Non-Performing Loans — — — 16 — 51 — — 67 Installment loans to individuals $ 13,094 $ 36,301 $ 11,810 $ 20,312 $ 6,858 $ 3,303 $ 13,926 $ 40 $ 105,644 Performing Loans 12,981 36,285 11,783 20,265 6,848 3,252 13,926 37 105,377 Non-Performing Loans 113 16 27 47 10 51 — 3 267 Total loans not subject to risk rating $ 223,260 $ 688,497 $ 411,002 $ 206,038 $ 150,088 $ 292,849 $ 448,311 $ 3,007 $ 2,423,052 Performing Loans 223,147 687,993 409,386 203,530 145,222 286,926 447,490 2,450 2,406,144 Non-Performing Loans 113 504 1,616 2,508 4,866 5,923 821 557 16,908 Term Loans Amortized Cost Basis by Origination Year 2021 2020 2019 2018 2017 Prior Revolving Loans Revolving Loans Converted to Term Total December 31, 2021 Commercial, Financial, Agricultural $ 71 $ — $ — $ 1 $ — $ 8,983 $ 23,464 $ — $ 32,519 Performing Loans 71 — — 1 — 8,983 23,464 — 32,519 Non-Performing Loans — — — — — — — — — Lease Financing Receivables $ 26,301 $ 23,270 $ 15,504 $ 7,713 $ 2,169 $ 1,168 $ — $ — $ 76,125 Performing Loans 26,301 23,270 15,504 7,713 2,167 1,159 — — 76,114 Non-Performing Loans — — — — 2 9 — — 11 Real Estate - Construction $ 57,283 $ 12,561 $ 1,615 $ — $ — $ — $ — $ — $ 71,459 Residential $ 57,283 $ 12,561 $ 1,615 $ — $ — $ — $ — $ — $ 71,459 Performing Loans 57,283 12,561 1,615 — — — — — 71,459 Non-Performing Loans — — — — — — — — — Commercial $ — $ — $ — $ — $ — $ — $ — $ — $ — Performing Loans — — — — — — — — — Non-Performing Loans — — — — — — — — — Real Estate - 1-4 Family Mortgage $ 554,483 $ 419,252 $ 205,014 $ 155,535 $ 117,619 $ 207,381 $ 404,293 $ 2,776 $ 2,066,353 Primary $ 542,659 $ 415,863 $ 203,739 $ 153,717 $ 116,689 $ 206,496 $ — $ — $ 1,639,163 Performing Loans 542,053 414,931 201,273 148,649 114,669 203,416 — — 1,624,991 Non-Performing Loans 606 932 2,466 5,068 2,020 3,080 — — 14,172 Home Equity $ 111 $ — $ 79 $ 225 $ — $ 508 $ 404,293 $ 2,776 $ 407,992 Performing Loans 111 — 79 225 — 435 403,598 2,599 407,047 Non-Performing Loans — — — — — 73 695 177 945 Rental/Investment $ — $ — $ 99 $ — $ 23 $ 218 $ — $ — $ 340 Performing Loans — — 99 — 23 164 — — 286 Non-Performing Loans — — — — — 54 — — 54 Land Development $ 11,713 $ 3,389 $ 1,097 $ 1,593 $ 907 $ 159 $ — $ — $ 18,858 Performing Loans 11,688 3,298 1,065 1,593 832 159 — — 18,635 Non-Performing Loans 25 91 32 — 75 — — — 223 Real Estate - Commercial Mortgage $ 5,265 $ 3,584 $ 2,082 $ 800 $ 468 $ 137 $ — $ — $ 12,336 Owner-Occupied $ — $ 136 $ 58 $ — $ — $ — $ — $ — $ 194 Performing Loans — 136 58 — — — — — 194 Non-Performing Loans — — — — — — — — — Non-Owner Occupied $ — $ 31 $ — $ — $ — $ — $ — $ — $ 31 Performing Loans — 31 — — — — — — 31 Non-Performing Loans — — — — — — — — — Land Development $ 5,265 $ 3,417 $ 2,024 $ 800 $ 468 $ 137 $ — $ — $ 12,111 Performing Loans 5,265 3,417 2,008 800 468 86 — — 12,044 Non-Performing Loans — — 16 — — 51 — — 67 Installment loans to individuals $ 44,302 $ 15,436 $ 23,114 $ 7,717 $ 1,985 $ 1,917 $ 13,016 $ 36 $ 107,523 Performing Loans 44,254 15,360 23,035 7,704 1,958 1,890 13,016 36 107,253 Non-Performing Loans 48 76 79 13 27 27 — — 270 Total loans not subject to risk rating $ 687,705 $ 474,103 $ 247,329 $ 171,766 $ 122,241 $ 219,586 $ 440,773 $ 2,812 $ 2,366,315 Performing Loans 687,026 473,004 244,736 166,685 120,117 216,292 440,078 2,635 2,350,573 Non-Performing Loans 679 1,099 2,593 5,081 2,124 3,294 695 177 15,742 Term Loans Amortized Cost Basis by Origination Year 2022 2021 2020 2019 2018 Prior Revolving Loans Revolving Loans Converted to Term Total March 31, 2022 Commercial, Financial, Agricultural $ — $ — $ — $ 629 $ 6,149 $ 33,798 $ 67,658 $ 1,134 $ 109,368 Pass — — — 629 5,569 25,590 66,049 740 98,577 Special Mention — — — — 239 — — — 239 Substandard — — — — 341 8,208 1,609 394 10,552 Real Estate - Construction $ — $ — $ — $ — $ 575 $ 4,549 $ — $ — $ 5,124 Residential $ — $ — $ — $ — $ 575 $ 684 $ — $ — $ 1,259 Pass — — — — 575 684 — — 1,259 Special Mention — — — — — — — — — Substandard — — — — — — — — — Commercial $ — $ — $ — $ — $ — $ 3,865 $ — $ — $ 3,865 Pass — — — — — 3,865 — — 3,865 Special Mention — — — — — — — — — Substandard — — — — — — — — — Real Estate - 1-4 Family Mortgage $ — $ — $ — $ 152 $ 9,106 $ 32,889 $ 903 $ 191 $ 43,241 Primary $ — $ — $ — $ 35 $ 2,317 $ 12,126 $ 158 $ — $ 14,636 Pass — — — 35 2,317 9,148 158 — 11,658 Special Mention — — — — — 56 — — 56 Substandard — — — — — 2,922 — — 2,922 Home Equity $ — $ — $ — $ — $ — $ 38 $ 590 $ 191 $ 819 Pass — — — — — 38 590 — 628 Special Mention — — — — — — — — — Substandard — — — — — — — 191 191 Rental/Investment $ — $ — $ — $ 117 $ 314 $ 18,108 $ 155 $ — $ 18,694 Pass — — — 117 314 17,367 5 — 17,803 Special Mention — — — — — — — — — Substandard — — — — — 741 150 — 891 Land Development $ — $ — $ — $ — $ 6,475 $ 2,617 $ — $ — $ 9,092 Pass — — — — 6,475 1,285 — — 7,760 Special Mention — — — — — — — — — Substandard — — — — — 1,332 — — 1,332 Term Loans Amortized Cost Basis by Origination Year 2022 2021 2020 2019 2018 Prior Revolving Loans Revolving Loans Converted to Term Total Real Estate - Commercial Mortgage $ — $ — $ — $ 322 $ 49,086 $ 566,330 $ 1,758 $ 14,136 $ 631,632 Owner-Occupied $ — $ — $ — $ — $ 13,054 $ 206,267 $ 926 $ — $ 220,247 Pass — — — — 13,054 189,182 926 — 203,162 Special Mention — — — — — 1,918 — — 1,918 Substandard — — — — — 15,167 — — 15,167 Non-Owner Occupied $ — $ — $ — $ 322 $ 35,628 $ 345,803 $ 246 $ 14,136 $ 396,135 Pass — — — 322 19,250 311,334 246 4,281 335,433 Special Mention — — — — 16,372 — — — 16,372 Substandard — — — — 6 34,469 — 9,855 44,330 Land Development $ — $ — $ — $ — $ 404 $ 14,260 $ 586 $ — $ 15,250 Pass — — — — 404 8,446 586 — 9,436 Special Mention — — — — — 5,083 — — 5,083 Substandard — — — — — 731 — — 731 Installment loans to individuals $ — $ — $ — $ — $ — $ — $ — $ — $ — Pass — — — — — — — — — Special Mention — — — — — — — — — Substandard — — — — — — — — — Total loans subject to risk rating $ — $ — $ — $ 1,103 $ 64,916 $ 637,566 $ 70,319 $ 15,461 $ 789,365 Pass — — — 1,103 47,958 566,939 68,560 5,021 689,581 Special Mention — — — — 16,611 7,057 — — 23,668 Substandard — — — — 347 63,570 1,759 10,440 76,116 Term Loans Amortized Cost Basis by Origination Year 2021 2020 2019 2018 2017 Prior Revolving Loans Revolving Loans Converted to Term Total December 31, 2021 Commercial, Financial, Agricultural $ — $ — $ 646 $ 12,199 $ 12,247 $ 25,562 $ 38,328 $ 1,326 $ 90,308 Pass — — 646 11,612 8,918 18,877 37,555 899 78,507 Special Mention — — — 246 — — — — 246 Substandard — — — 341 3,329 6,685 773 427 11,555 Real Estate - Construction $ — $ — $ — $ 601 $ — $ 4,393 $ — $ — $ 4,994 Residential $ — $ — $ — $ 601 $ — $ 686 $ — $ — $ 1,287 Pass — — — 601 — 686 — — 1,287 Special Mention — — — — — — — — — Substandard — — — — — — — — — Commercial $ — $ — $ — $ — $ — $ 3,707 $ — $ — $ 3,707 Pass — — — — — 3,707 — — 3,707 Special Mention — — — — — — — — — Substandard — — — — — — — — — Term Loans Amortized Cost Basis by Origination Year 2021 2020 2019 2018 2017 Prior Revolving Loans Revolving Loans Converted to Term Total Real Estate - 1-4 Family Mortgage $ — $ — $ 152 $ 10,151 $ 2,781 $ 32,841 $ 1,476 $ 201 $ 47,602 Primary $ — $ — $ 34 $ 2,485 $ 1,367 $ 12,336 $ 161 $ — $ 16,383 Pass — — 34 2,485 1,367 9,408 161 — 13,455 Special Mention — — — — — 59 — — 59 Substandard — — — — — 2,869 — — 2,869 Home Equity $ — $ — $ — $ — $ — $ 42 $ 1,087 $ 201 $ 1,330 Pass — — — — — 42 717 — 759 Special Mention — — — — — — — — — Substandard — — — — — — 370 201 571 Rental/Investment $ — $ — $ 118 $ 804 $ 1,273 $ 17,806 $ 228 $ — $ 20,229 Pass — — 118 804 1,273 17,035 77 — 19,307 Special Mention — — — — — 38 — — 38 Substandard — — — — — 733 151 — 884 Land Development $ — $ — $ — $ 6,862 $ 141 $ 2,657 $ — $ — $ 9,660 Pass — — — 6,862 111 1,249 — — 8,222 Special Mention — — — — — — — — — Substandard — — — — 30 1,408 — — 1,438 Real Estate - Commercial Mortgage $ — $ — $ 325 $ 50,519 $ 123,254 $ 467,983 $ 5,912 $ 14,324 $ 662,317 Owner-Occupied $ — $ — $ — $ 13,344 $ 17,621 $ 200,111 $ 3,056 $ — $ 234,132 Pass — — — 13,344 13,888 182,779 3,056 — 213,067 Special Mention — — — — 1,553 394 — — 1,947 Substandard — — — — 2,180 16,938 — — 19,118 Non-Owner Occupied $ — $ — $ 325 $ 35,887 $ 103,739 $ 254,080 $ 2,222 $ 14,324 $ 410,577 Pass — — 325 19,510 100,682 222,048 2,222 4,418 349,205 Special Mention — — — 16,370 — 359 — — 16,729 Substandard — — — 7 3,057 31,673 — 9,906 44,643 Land Development $ — $ — $ — $ 1,288 $ 1,894 $ 13,792 $ 634 $ — $ 17,608 Pass — — — 1,288 1,894 7,904 634 — 11,720 Special Mention — — — — — 5,141 — — 5,141 Substandard — — — — — 747 — — 747 Installment loans to individuals $ — $ — $ — $ — $ — $ — $ — $ — $ — Pass — — — — — — — — — Special Mention — — — — — — — — — Substandard — — — — — — — — — Total loans subject to risk rating $ — $ — $ 1,123 $ 73,470 $ 138,282 $ 530,779 $ 45,716 $ 15,851 $ 805,221 Pass — — 1,123 56,506 128,133 463,735 44,422 5,317 699,236 Special Mention — — — 16,616 1,553 5,991 — — 24,160 Substandard — — — 348 8,596 61,053 1,294 10,534 81,825 The following tables present the performing status of the Company’s loan portfolio not subject to risk rating by origination date: Term Loans Amortized Cost Basis by Origination Year 2022 2021 2020 2019 2018 Prior Revolving Loans Revolving Loans Converted to Term Total March 31, 2022 Commercial, Financial, Agricultural $ — $ — $ — $ — $ — $ — $ — $ — $ — Performing Loans — — — — — — — — — Non-Performing Loans — — — — — — — — — Real Estate - Construction $ — $ — $ — $ — $ — $ — $ — $ — $ — Residential $ — $ — $ — $ — $ — $ — $ — $ — $ — Performing Loans — — — — — — — — — Non-Performing Loans — — — — — — — — — Commercial $ — $ — $ — $ — $ — $ — $ — $ — $ — Performing Loans — — — — — — — — — Non-Performing Loans — — — — — — — — — Real Estate - 1-4 Family Mortgage $ — $ — $ — $ 200 $ 1,079 $ 110,964 $ 39,583 $ 1,325 $ 153,151 Primary $ — $ — $ — $ 200 $ 538 $ 106,613 $ — $ 76 $ 107,427 Performing Loans — — — 200 429 101,584 — 76 102,289 Non-Performing Loans — — — — 109 5,029 — — 5,138 Home Equity $ — $ — $ — $ — $ 541 $ 4,047 $ 39,583 $ 1,249 $ 45,420 Performing Loans — — — — 541 3,994 39,011 1,120 44,666 Non-Performing Loans — — — — — 53 572 129 754 Rental/Investment $ — $ — $ — $ — $ — $ — $ — $ — $ — Performing Loans — — — — — — — — — Non-Performing Loans — — — — — — — — — Land Development $ — $ — $ — $ — $ — $ 304 $ — $ — $ 304 Performing Loans — — — — — 304 — — 304 Non-Performing Loans — — — — — — — — — Real Estate - Commercial Mortgage $ — $ — $ — $ — $ 145 $ 547 $ — $ — $ 692 Owner-Occupied $ — $ — $ — $ — $ — $ — $ — $ — $ — Performing Loans — — — — — — — — — Non-Performing Loans — — — — — — — — — Non-Owner Occupied $ — $ — $ — $ — $ — $ — $ — $ — $ — Performing Loans — — — — — — — — — Non-Performing Loans — — — — — — — — — Land Development $ — $ — $ — $ — $ 145 $ 547 $ — $ — $ 692 Performing Loans — — — — 145 547 — — 692 Non-Performing Loans — — — — — — — — — Installment loans to individuals $ — $ — $ — $ — $ 17,963 $ 11,983 $ 1,391 $ 24 $ 31,361 Performing Loans — — — — 17,959 11,912 1,378 20 31,269 Non-Performing Loans — — — — 4 71 13 4 92 Total loans not subject to risk rating $ — $ — $ — $ 200 $ 19,187 $ 123,494 $ 40,974 $ 1,349 $ 185,204 Performing Loans — — — 200 19,074 118,341 40,389 1,216 179,220 Non-Performing Loans — — — — 113 5,153 585 133 5,984 Term Loans Amortized Cost Basis by Origination Year 2021 2020 2019 2018 2017 Prior Revolving Loans Revolving Loans Converted to Term Total December 31, 2021 Commercial, Financial, Agricultural $ — $ — $ — $ — $ — $ — $ — $ — $ — Performing Loans — — — — — — — — — Non-Performing Loans — — — — — — — — — Real Estate - Construction $ — $ — $ — $ — $ — $ — $ — $ — $ — Residential $ — $ — $ — $ — $ — $ — $ — $ — $ — Performing Loans — — — — — — — — — Non-Performing Loans — — — — — — — — — Commercial $ — $ — $ — $ — $ — $ — $ — $ — $ — Performing Loans — — — — — — — — — Non-Performing Loans — — — — — — — — — Real Estate - 1-4 Family Mortgage $ — $ — $ 202 $ 1,480 $ 19,988 $ 101,060 $ 44,086 $ 1,355 $ 168,171 Primary $ — $ — $ 202 $ 938 $ 17,505 $ 98,961 $ — $ 81 $ 117,687 Performing Loans — — 202 829 16,902 94,607 — 81 112,621 Non-Performing Loans — — — 109 603 4,354 — — 5,066 Home Equity $ — $ — $ — $ 542 $ 2,441 $ 1,823 $ 44,086 $ 1,274 $ 50,166 Performing Loans — — — 542 2,441 1,769 43,700 1,141 49,593 Non-Performing Loans — — — — — 54 386 133 573 Rental/Investment $ — $ — $ — $ — $ — $ — $ — $ — $ — Performing Loans — — — — — — — — — Non-Performing Loans — — — — — — — — — Land Development $ — $ — $ — $ — $ 42 $ 276 $ — $ — $ 318 Performing Loans — — — — 42 276 — — 318 Non-Performing Loans — — — — — — — — — Real Estate - Commercial Mortgage $ — $ — $ — $ 147 $ 31 $ 558 $ — $ — $ 736 Owner-Occupied $ — $ — $ — $ — $ — $ — $ — $ — $ — Performing Loans — — — — — — — — — Non-Performing Loans — — — — — — — — — Non-Owner Occupied $ — $ — $ — $ — $ — $ — $ — $ — $ — Performing Loans — — — — — — — — — Non-Performing Loans — — — — — — — — — Land Development $ — $ — $ — $ 147 $ 31 $ 558 $ — $ — $ 736 Performing Loans — — — 147 31 558 — — 736 Non-Performing Loans — — — — — — — — — Installment loans to individuals $ — $ — $ — $ 20,581 $ 9,721 $ 3,881 $ 1,558 $ 34 $ 35,775 Performing Loans — — — 20,566 9,714 3,684 1,541 23 35,528 Non-Performing Loans — — — 15 7 197 17 11 247 Total loans not subject to risk rating $ — $ — $ 202 $ 22,208 $ 29,740 $ 105,499 $ 45,644 $ 1,389 $ 204,682 Performing Loans — — 202 22,084 29,130 100,894 45,241 1,245 198,796 Non-Performing Loans — — — 124 610 4,605 403 144 5,886 |
Purchased Loans (Tables)
Purchased Loans (Tables) | 3 Months Ended |
Mar. 31, 2022 | |
Receivables [Abstract] | |
Summary of purchased loans | The following is a summary of non purchased loans and leases as of the dates presented: March 31, December 31, 2021 Commercial, financial, agricultural (1) $ 1,336,239 $ 1,332,962 Lease financing 94,954 80,192 Real estate – construction: Residential 305,396 300,988 Commercial 911,532 798,914 Total real estate – construction 1,216,928 1,099,902 Real estate – 1-4 family mortgage: Primary 1,803,750 1,682,050 Home equity 424,426 423,108 Rental/investment 274,117 268,245 Land development 142,294 135,070 Total real estate – 1-4 family mortgage 2,644,587 2,508,473 Real estate – commercial mortgage: Owner-occupied 1,318,446 1,329,219 Non-owner occupied 2,510,981 2,446,370 Land development 116,113 110,395 Total real estate – commercial mortgage 3,945,540 3,885,984 Installment loans to individuals 105,754 107,565 Gross loans 9,344,002 9,015,078 Unearned income (5,112) (4,067) Loans, net of unearned income $ 9,338,890 $ 9,011,011 (1) Includes Paycheck Protection Program (“PPP”) loans of $8,382 and $58,391 as of March 31, 2022 and December 31, 2021, respectively. The following is a summary of purchased loans as of the dates presented: March 31, December 31, 2021 Commercial, financial, agricultural $ 109,368 $ 90,308 Real estate – construction: Residential 1,259 1,287 Commercial 3,865 3,707 Total real estate – construction 5,124 4,994 Real estate – 1-4 family mortgage: Primary 122,063 134,070 Home equity 46,239 51,496 Rental/investment 18,694 20,229 Land development 9,396 9,978 Total real estate – 1-4 family mortgage 196,392 215,773 Real estate – commercial mortgage: Owner-occupied 220,247 234,132 Non-owner occupied 396,135 410,577 Land development 15,942 18,344 Total real estate – commercial mortgage 632,324 663,053 Installment loans to individuals 31,361 35,775 Loans $ 974,569 $ 1,009,903 The following is a summary of total non purchased and purchased loans as of the dates presented: March 31, December 31, 2021 Commercial, financial, agricultural (1) $ 1,445,607 $ 1,423,270 Lease financing 94,954 80,192 Real estate – construction: Residential 306,655 302,275 Commercial 915,397 802,621 Total real estate – construction 1,222,052 1,104,896 Real estate – 1-4 family mortgage: Primary 1,925,813 1,816,120 Home equity 470,665 474,604 Rental/investment 292,811 288,474 Land development 151,690 145,048 Total real estate – 1-4 family mortgage 2,840,979 2,724,246 Real estate – commercial mortgage: Owner-occupied 1,538,693 1,563,351 Non-owner occupied 2,907,116 2,856,947 Land development 132,055 128,739 Total real estate – commercial mortgage 4,577,864 4,549,037 Installment loans to individuals 137,115 143,340 Gross loans 10,318,571 10,024,981 Unearned income (5,112) (4,067) Loans, net of unearned income 10,313,459 10,020,914 Allowance for credit losses on loans (166,468) (164,171) Net loans $ 10,146,991 $ 9,856,743 (1) Includes Paycheck Protection Program (“PPP”) loans of $8,382 and $58,391 as of March 31, 2022 and December 31, 2021, respectively. |
Carrying amount of PCD loans at the acquisition date | The carrying amount of purchased credit deteriorated (“PCD”) loans at the acquisition date is detailed below. Carrying Amount Purchase price of loans at acquisition $ 6,543 Allowance for credit losses at acquisition 1,648 Par value of acquired loans at acquisition $ 8,191 |
Aging of past due and nonaccrual loans | The following tables provide an aging of past due accruing and nonaccruing loans, segregated by class, as of the dates presented: Accruing Loans Nonaccruing Loans 30-89 Days 90 Days Current Total 30-89 Days 90 Days Current Total Total March 31, 2022 Commercial, financial, agricultural $ 1,519 $ 77 $ 1,329,682 $ 1,331,278 $ 739 $ 2,875 $ 1,347 $ 4,961 $ 1,336,239 Lease financing — — 94,954 94,954 — — — — 94,954 Real estate – construction: Residential 1,857 — 303,539 305,396 — — — — 305,396 Commercial — — 911,532 911,532 — — — — 911,532 Total real estate – construction 1,857 — 1,215,071 1,216,928 — — — — 1,216,928 Real estate – 1-4 family mortgage: Primary 16,852 — 1,771,806 1,788,658 4,018 6,812 4,262 15,092 1,803,750 Home equity 1,953 32 420,995 422,980 54 1,012 380 1,446 424,426 Rental/investment 562 100 272,736 273,398 16 438 265 719 274,117 Land development 332 — 141,441 141,773 — 333 188 521 142,294 Total real estate – 1-4 family mortgage 19,699 132 2,606,978 2,626,809 4,088 8,595 5,095 17,778 2,644,587 Real estate – commercial mortgage: Owner-occupied 2,617 — 1,312,212 1,314,829 2,809 808 — 3,617 1,318,446 Non-owner occupied 662 — 2,504,698 2,505,360 — — 5,621 5,621 2,510,981 Land development 202 — 115,582 115,784 — 292 37 329 116,113 Total real estate – commercial mortgage 3,481 — 3,932,492 3,935,973 2,809 1,100 5,658 9,567 3,945,540 Installment loans to individuals 674 — 104,813 105,487 3 20 244 267 105,754 Unearned income — — (5,112) (5,112) — — — — (5,112) Loans, net of unearned income $ 27,230 $ 209 $ 9,278,878 $ 9,306,317 $ 7,639 $ 12,590 $ 12,344 $ 32,573 $ 9,338,890 Accruing Loans Nonaccruing Loans 30-89 Days 90 Days Current Total 30-89 Days 90 Days Current Total Total December 31, 2021 Commercial, financial, agricultural $ 3,325 $ 103 $ 1,323,774 $ 1,327,202 $ 1,669 $ 2,665 $ 1,426 $ 5,760 $ 1,332,962 Lease financing — — 80,181 80,181 — 11 — 11 80,192 Real estate – construction: Residential 1,077 — 299,911 300,988 — — — — 300,988 Commercial — — 798,914 798,914 — — — — 798,914 Total real estate – construction 1,077 — 1,098,825 1,099,902 — — — — 1,099,902 Real estate – 1-4 family mortgage: Primary 14,785 389 1,652,940 1,668,114 1,920 8,195 3,821 13,936 1,682,050 Home equity 1,468 — 420,695 422,163 182 546 217 945 423,108 Rental/investment 401 445 266,353 267,199 — 771 275 1,046 268,245 Land development 431 — 134,382 134,813 — 65 192 257 135,070 Total real estate – 1-4 family mortgage 17,085 834 2,474,370 2,492,289 2,102 9,577 4,505 16,184 2,508,473 Real estate – commercial mortgage: Owner-occupied 720 36 1,325,776 1,326,532 163 822 1,702 2,687 1,329,219 Non-owner occupied 260 89 2,440,513 2,440,862 — — 5,508 5,508 2,446,370 Land development 476 — 109,575 110,051 — 292 52 344 110,395 Total real estate – commercial mortgage 1,456 125 3,875,864 3,877,445 163 1,114 7,262 8,539 3,885,984 Installment loans to individuals 978 12 106,318 107,308 30 95 132 257 107,565 Unearned income — — (4,067) (4,067) — — — — (4,067) Loans, net of unearned income $ 23,921 $ 1,074 $ 8,955,265 $ 8,980,260 $ 3,964 $ 13,462 $ 13,325 $ 30,751 $ 9,011,011 The following tables provide an aging of past due accruing and nonaccruing loans, segregated by class, as of the dates presented: Accruing Loans Nonaccruing Loans 30-89 Days 90 Days Current Total 30-89 Days 90 Days Current Total Total March 31, 2022 Commercial, financial, agricultural $ 316 $ — $ 100,913 $ 101,229 $ 203 $ 1,996 $ 5,940 $ 8,139 $ 109,368 Real estate – construction: Residential — — 1,259 1,259 — — — — 1,259 Commercial — — 3,865 3,865 — — — — 3,865 Total real estate – construction — — 5,124 5,124 — — — — 5,124 Real estate – 1-4 family mortgage: Primary 1,224 — 115,600 116,824 981 1,706 2,552 5,239 122,063 Home equity 297 — 45,187 45,484 97 265 393 755 46,239 Rental/investment — — 18,635 18,635 — — 59 59 18,694 Land development 75 — 9,321 9,396 — — — — 9,396 Total real estate – 1-4 family mortgage 1,596 — 188,743 190,339 1,078 1,971 3,004 6,053 196,392 Real estate – commercial mortgage: Owner-occupied 314 — 217,850 218,164 — 138 1,945 2,083 220,247 Non-owner occupied 54 — 393,144 393,198 2,931 — 6 2,937 396,135 Land development — 38 15,786 15,824 — — 118 118 15,942 Total real estate – commercial mortgage 368 38 626,780 627,186 2,931 138 2,069 5,138 632,324 Installment loans to individuals 1,107 — 30,162 31,269 16 — 76 92 31,361 Loans, net of unearned income $ 3,387 $ 38 $ 951,722 $ 955,147 $ 4,228 $ 4,105 $ 11,089 $ 19,422 $ 974,569 Accruing Loans Nonaccruing Loans 30-89 Days 90 Days Current Total 30-89 Days 90 Days Current Total Total December 31, 2021 Commercial, financial, agricultural $ 122 $ — $ 82,918 $ 83,040 $ 42 $ 1,618 $ 5,608 $ 7,268 $ 90,308 Real estate – construction: Residential — — 1,287 1,287 — — — — 1,287 Commercial — — 3,707 3,707 — — — — 3,707 Total real estate – construction — — 4,994 4,994 — — — — 4,994 Real estate – 1-4 family mortgage: Primary 1,042 36 127,820 128,898 257 2,225 2,690 5,172 134,070 Home equity 149 — 50,573 50,722 — 373 401 774 51,496 Rental/investment 20 — 20,105 20,125 26 — 78 104 20,229 Land development — — 9,978 9,978 — — — — 9,978 Total real estate – 1-4 family mortgage 1,211 36 208,476 209,723 283 2,598 3,169 6,050 215,773 Real estate – commercial mortgage: Owner-occupied 1,511 323 230,305 232,139 — 289 1,704 1,993 234,132 Non-owner occupied — — 407,639 407,639 — — 2,938 2,938 410,577 Land development — — 18,218 18,218 — — 126 126 18,344 Total real estate – commercial mortgage 1,511 323 656,162 657,996 — 289 4,768 5,057 663,053 Installment loans to individuals 839 8 34,690 35,537 15 11 212 238 35,775 Loans, net of unearned income $ 3,683 $ 367 $ 987,240 $ 991,290 $ 340 $ 4,516 $ 13,757 $ 18,613 $ 1,009,903 |
Impact of modifications classified as restructured loans | The tables below illustrate the impact of modifications classified as restructured loans which were made during the periods presented and held on the Consolidated Balance Sheets at the respective period end. Number of Pre- Post- Three months ended March 31, 2022 Real estate – 1-4 family mortgage: Primary 7 $ 865 $ 873 Real estate – commercial mortgage: Owner-occupied 1 6,500 6,500 Total 8 $ 7,365 $ 7,373 Three months ended March 31, 2021 Real estate – 1-4 family mortgage: Primary 3 $ 432 $ 435 Real estate – commercial mortgage: Non-owner occupied 1 837 810 Total 4 $ 1,269 $ 1,245 The tables below illustrate the impact of modifications classified as restructured loans which were made during the periods presented and held on the Consolidated Balance Sheets at the respective period end. Number of Pre- Post- Three months ended March 31, 2022 Real estate – 1-4 family mortgage: Land development 3 $ 98 $ 94 Three months ended March 31, 2021 Commercial, financial, agricultural 1 $ 135 $ 135 |
Changes in restructured loans | Changes in the Company’s restructured loans are set forth in the table below: Number of Recorded Totals at January 1, 2022 97 $ 14,650 Additional advances or loans with concessions 8 7,403 Reductions due to: Reclassified as nonperforming (4) (452) Paid in full (5) (530) Principal paydowns — (91) Totals at March 31, 2022 96 $ 20,980 Changes in the Company’s restructured loans are set forth in the table below: Number of Recorded Totals at January 1, 2022 38 $ 5,609 Additional advances or loans with concessions 3 110 Reclassified as performing restructured loan 3 302 Reductions due to: Reclassified to nonperforming loans (2) (41) Paid in full (2) (1,596) Charge-offs — — Principal paydowns — (44) Totals at March 31, 2022 40 $ 4,340 |
Loan portfolio by risk-rating grades | The following tables present the Company’s loan portfolio by year of origination and internal risk-rating grades as of the dates presented: Term Loans Amortized Cost Basis by Origination Year 2022 2021 2020 2019 2018 Prior Revolving Loans Revolving Loans Converted to Term Total March 31, 2022 Commercial, Financial, Agricultural $ 96,762 $ 276,836 $ 184,316 $ 105,812 $ 39,160 $ 21,356 $ 573,245 $ 4,504 $ 1,301,991 Pass 96,208 275,666 176,524 105,294 37,590 20,606 571,066 3,497 1,286,451 Special Mention 89 — — 194 272 — 601 — 1,156 Substandard 465 1,170 7,792 324 1,298 750 1,578 1,007 14,384 Lease Financing Receivables $ 19,463 $ 24,644 $ 21,969 $ 14,215 $ 6,758 $ 2,793 $ — $ — $ 89,842 Pass 19,463 24,644 21,969 14,215 6,758 2,341 — — 89,390 Special Mention — — — — — 452 — — 452 Substandard — — — — — — — — — Real Estate - Construction $ 162,809 $ 482,341 $ 318,316 $ 145,402 $ 15,525 $ — $ 6,539 $ 602 $ 1,131,534 Residential $ 61,146 $ 150,122 $ 6,025 $ — $ — $ — $ 2,107 $ 602 $ 220,002 Pass 61,146 150,122 6,025 — — — 2,107 602 220,002 Special Mention — — — — — — — — — Substandard — — — — — — — — — Commercial $ 101,663 $ 332,219 $ 312,291 $ 145,402 $ 15,525 $ — $ 4,432 $ — $ 911,532 Pass 101,663 331,298 312,291 145,402 15,525 — 4,432 — 910,611 Special Mention — 921 — — — — — — 921 Substandard — — — — — — — — — Real Estate - 1-4 Family Mortgage $ 86,992 $ 180,183 $ 67,130 $ 43,262 $ 24,115 $ 29,405 $ 26,986 $ 854 $ 458,927 Primary $ 7,747 $ 12,478 $ 6,702 $ 2,969 $ 4,159 $ 4,803 $ 6,002 $ — $ 44,860 Pass 7,538 12,478 6,702 2,848 4,159 4,436 5,991 — 44,152 Special Mention — — — — — — — — — Substandard 209 — — 121 — 367 11 — 708 Home Equity $ — $ 1,324 $ — $ 41 $ 127 $ — $ 13,817 $ 9 $ 15,318 Pass — 1,324 — 41 127 — 13,817 9 15,318 Special Mention — — — — — — — — — Substandard — — — — — — — — — Rental/Investment $ 41,987 $ 100,533 $ 51,166 $ 29,396 $ 19,608 $ 24,032 $ 6,321 $ 845 $ 273,888 Pass 41,966 100,456 50,958 28,363 19,339 23,306 6,321 845 271,554 Special Mention — — — — — — — — — Substandard 21 77 208 1,033 269 726 — — 2,334 Land Development $ 37,258 $ 65,848 $ 9,262 $ 10,856 $ 221 $ 570 $ 846 $ — $ 124,861 Pass 37,258 65,848 8,974 10,832 221 570 846 — 124,549 Special Mention — — — — — — — — — Substandard — — 288 24 — — — — 312 Real Estate - Commercial Mortgage $ 398,640 $ 1,095,513 $ 790,229 $ 608,176 $ 304,844 $ 578,577 $ 137,549 $ 19,906 $ 3,933,434 Owner-Occupied $ 121,718 $ 302,860 $ 266,970 $ 197,621 $ 146,863 $ 219,190 $ 55,759 $ 7,316 $ 1,318,297 Term Loans Amortized Cost Basis by Origination Year 2022 2021 2020 2019 2018 Prior Revolving Loans Revolving Loans Converted to Term Total Pass 121,353 301,595 265,142 196,020 145,137 203,852 55,759 6,347 1,295,205 Special Mention — 1,191 — 347 — 3,127 — 932 5,597 Substandard 365 74 1,828 1,254 1,726 12,211 — 37 17,495 Non-Owner Occupied $ 260,565 $ 749,262 $ 507,210 $ 400,465 $ 152,176 $ 356,205 $ 72,478 $ 12,590 $ 2,510,951 Pass 260,361 740,078 507,210 387,131 152,176 292,279 72,478 12,590 2,424,303 Special Mention — 9,184 — 11,322 — 24,606 — — 45,112 Substandard 204 — — 2,012 — 39,320 — — 41,536 Land Development $ 16,357 $ 43,391 $ 16,049 $ 10,090 $ 5,805 $ 3,182 $ 9,312 $ — $ 104,186 Pass 14,759 43,123 15,713 10,090 5,724 3,182 9,312 — 101,903 Special Mention — 43 — — — — — — 43 Substandard 1,598 225 336 — 81 — — — 2,240 Installment loans to individuals $ 73 $ — $ — $ 37 $ — $ — $ — $ — $ 110 Pass 73 — — 37 — — — — 110 Special Mention — — — — — — — — — Substandard — — — — — — — — — Total loans subject to risk rating $ 764,739 $ 2,059,517 $ 1,381,960 $ 916,904 $ 390,402 $ 632,131 $ 744,319 $ 25,866 $ 6,915,838 Pass 761,788 2,046,632 1,371,508 900,273 386,756 550,572 742,129 23,890 6,783,548 Special Mention 89 11,339 — 11,863 272 28,185 601 932 53,281 Substandard 2,862 1,546 10,452 4,768 3,374 53,374 1,589 1,044 79,009 Term Loans Amortized Cost Basis by Origination Year 2021 2020 2019 2018 2017 Prior Revolving Loans Revolving Loans Converted to Term Total December 31, 2021 Commercial, Financial, Agricultural $ 300,748 $ 245,940 $ 122,350 $ 44,533 $ 15,384 $ 11,103 $ 557,628 $ 2,757 $ 1,300,443 Pass 299,731 245,657 120,102 43,042 14,603 8,605 553,541 2,002 1,287,283 Special Mention — 136 1,798 281 605 1,196 651 — 4,667 Substandard 1,017 147 450 1,210 176 1,302 3,436 755 8,493 Real Estate - Construction $ 461,370 $ 371,694 $ 174,369 $ 14,813 $ — $ — $ 3,769 $ 2,428 $ 1,028,443 Residential $ 210,734 $ 12,598 $ — $ — $ — $ — $ 3,769 $ 2,428 $ 229,529 Pass 210,734 12,598 — — — — 3,769 2,428 229,529 Special Mention — — — — — — — — — Substandard — — — — — — — — — Commercial $ 250,636 $ 359,096 $ 174,369 $ 14,813 $ — $ — $ — $ — $ 798,914 Pass 250,636 359,096 174,369 14,813 — — — — 798,914 Special Mention — — — — — — — — — Substandard — — — — — — — — — Term Loans Amortized Cost Basis by Origination Year 2021 2020 2019 2018 2017 Prior Revolving Loans Revolving Loans Converted to Term Total Real Estate - 1-4 Family Mortgage $ 205,137 $ 83,038 $ 60,240 $ 30,044 $ 28,340 $ 8,846 $ 25,534 $ 941 $ 442,120 Primary $ 15,599 $ 7,698 $ 3,662 $ 5,985 $ 4,150 $ 1,066 $ 4,727 $ — $ 42,887 Pass 15,599 7,698 3,496 5,985 4,066 1,057 4,716 — 42,617 Special Mention — — — — — — — — — Substandard — — 166 — 84 9 11 — 270 Home Equity $ 1,318 $ — $ 42 $ 131 $ — $ — $ 13,615 $ 10 $ 15,116 Pass 1,318 — 42 131 — — 13,615 10 15,116 Special Mention — — — — — — — — — Substandard — — — — — — — — — Rental/Investment $ 111,006 $ 61,801 $ 33,734 $ 23,520 $ 23,890 $ 7,469 $ 5,554 $ 931 $ 267,905 Pass 110,987 60,855 32,733 23,246 23,708 7,098 5,554 931 265,112 Special Mention — 249 — — — — — — 249 Substandard 19 697 1,001 274 182 371 — — 2,544 Land Development $ 77,214 $ 13,539 $ 22,802 $ 408 $ 300 $ 311 $ 1,638 $ — $ 116,212 Pass 74,818 13,539 22,769 408 300 311 1,638 — 113,783 Special Mention 2,396 — — — — — — — 2,396 Substandard — — 33 — — — — — 33 Real Estate - Commercial Mortgage $ 1,168,118 $ 836,549 $ 680,506 $ 344,089 $ 298,644 $ 376,652 $ 147,446 $ 21,644 $ 3,873,648 Owner-Occupied $ 312,031 $ 305,686 $ 220,057 $ 164,345 $ 140,265 $ 117,767 $ 59,126 $ 9,748 $ 1,329,025 Pass 310,736 304,555 218,447 161,521 134,410 109,577 59,126 8,036 1,306,408 Special Mention 1,210 1,131 — — 1,733 328 — 1,712 6,114 Substandard 85 — 1,610 2,824 4,122 7,862 — — 16,503 Non-Owner Occupied $ 809,784 $ 511,803 $ 449,409 $ 173,123 $ 155,175 $ 256,133 $ 79,016 $ 11,896 $ 2,446,339 Pass 800,348 503,009 436,062 165,843 102,446 242,665 79,016 11,896 2,341,285 Special Mention 9,235 8,794 11,356 7,280 33,176 8,024 — — 77,865 Substandard 201 — 1,991 — 19,553 5,444 — — 27,189 Land Development $ 46,303 $ 19,060 $ 11,040 $ 6,621 $ 3,204 $ 2,752 $ 9,304 $ — $ 98,284 Pass 46,034 17,030 11,040 6,569 3,204 2,752 9,304 — 95,933 Special Mention 44 — — — — — — — 44 Substandard 225 2,030 — 52 — — — — 2,307 Installment loans to individuals $ — $ — $ 42 $ — $ — $ — $ — $ — $ 42 Pass — — 42 — — — — — 42 Special Mention — — — — — — — — — Substandard — — — — — — — — — Total loans subject to risk rating $ 2,135,373 $ 1,537,221 $ 1,037,507 $ 433,479 $ 342,368 $ 396,601 $ 734,377 $ 27,770 $ 6,644,696 Pass 2,120,941 1,524,037 1,019,102 421,558 282,737 372,065 730,279 25,303 6,496,022 Special Mention 12,885 10,310 13,154 7,561 35,514 9,548 651 1,712 91,335 Substandard 1,547 2,874 5,251 4,360 24,117 14,988 3,447 755 57,339 The following tables present the performing status of the Company’s loan portfolio not subject to risk rating as of the dates presented: Term Loans Amortized Cost Basis by Origination Year 2022 2021 2020 2019 2018 Prior Revolving Loans Revolving Loans Converted to Term Total March 31, 2022 Commercial, Financial, Agricultural $ — $ 24 $ — $ — $ — $ 4,586 $ 29,638 $ — $ 34,248 Performing Loans — 24 — — — 4,586 29,638 — 34,248 Non-Performing Loans — — — — — — — — — Real Estate - Construction $ 7,060 $ 70,624 $ 6,079 $ 1,631 $ — $ — $ — $ — $ 85,394 Residential $ 7,060 $ 70,624 $ 6,079 $ 1,631 $ — $ — $ — $ — $ 85,394 Performing Loans 7,060 70,624 6,079 1,631 — — — — 85,394 Non-Performing Loans — — — — — — — — — Commercial $ — $ — $ — $ — $ — $ — $ — $ — $ — Performing Loans — — — — — — — — — Non-Performing Loans — — — — — — — — — Real Estate - 1-4 Family Mortgage $ 202,102 $ 576,608 $ 389,909 $ 182,310 $ 142,482 $ 284,535 $ 404,747 $ 2,967 $ 2,185,660 Primary $ 199,643 $ 566,132 $ 387,647 $ 181,465 $ 140,891 $ 283,112 $ — $ — $ 1,758,890 Performing Loans 199,643 565,669 386,148 179,052 136,035 277,478 — — 1,744,025 Non-Performing Loans — 463 1,499 2,413 4,856 5,634 — — 14,865 Home Equity $ 520 $ 111 $ — $ 79 $ 224 $ 460 $ 404,747 $ 2,967 $ 409,108 Performing Loans 520 111 — 79 224 388 403,926 2,413 407,661 Non-Performing Loans — — — — — 72 821 554 1,447 Rental/Investment $ — $ — $ — $ — $ — $ 229 $ — $ — $ 229 Performing Loans — — — — — 176 — — 176 Non-Performing Loans — — — — — 53 — — 53 Land Development $ 1,939 $ 10,365 $ 2,262 $ 766 $ 1,367 $ 734 $ — $ — $ 17,433 Performing Loans 1,939 10,340 2,172 734 1,367 672 — — 17,224 Non-Performing Loans — 25 90 32 — 62 — — 209 Real Estate - Commercial Mortgage $ 1,004 $ 4,940 $ 3,204 $ 1,785 $ 748 $ 425 $ — $ — $ 12,106 Owner-Occupied $ — $ — $ 135 $ 14 $ — $ — $ — $ — $ 149 Performing Loans — — 135 14 — — — — 149 Non-Performing Loans — — — — — — — — — Non-Owner Occupied $ — $ — $ 30 $ — $ — $ — $ — $ — $ 30 Performing Loans — — 30 — — — — — 30 Non-Performing Loans — — — — — — — — — Land Development $ 1,004 $ 4,940 $ 3,039 $ 1,771 $ 748 $ 425 $ — $ — $ 11,927 Performing Loans 1,004 4,940 3,039 1,755 748 374 — — 11,860 Non-Performing Loans — — — 16 — 51 — — 67 Installment loans to individuals $ 13,094 $ 36,301 $ 11,810 $ 20,312 $ 6,858 $ 3,303 $ 13,926 $ 40 $ 105,644 Performing Loans 12,981 36,285 11,783 20,265 6,848 3,252 13,926 37 105,377 Non-Performing Loans 113 16 27 47 10 51 — 3 267 Total loans not subject to risk rating $ 223,260 $ 688,497 $ 411,002 $ 206,038 $ 150,088 $ 292,849 $ 448,311 $ 3,007 $ 2,423,052 Performing Loans 223,147 687,993 409,386 203,530 145,222 286,926 447,490 2,450 2,406,144 Non-Performing Loans 113 504 1,616 2,508 4,866 5,923 821 557 16,908 Term Loans Amortized Cost Basis by Origination Year 2021 2020 2019 2018 2017 Prior Revolving Loans Revolving Loans Converted to Term Total December 31, 2021 Commercial, Financial, Agricultural $ 71 $ — $ — $ 1 $ — $ 8,983 $ 23,464 $ — $ 32,519 Performing Loans 71 — — 1 — 8,983 23,464 — 32,519 Non-Performing Loans — — — — — — — — — Lease Financing Receivables $ 26,301 $ 23,270 $ 15,504 $ 7,713 $ 2,169 $ 1,168 $ — $ — $ 76,125 Performing Loans 26,301 23,270 15,504 7,713 2,167 1,159 — — 76,114 Non-Performing Loans — — — — 2 9 — — 11 Real Estate - Construction $ 57,283 $ 12,561 $ 1,615 $ — $ — $ — $ — $ — $ 71,459 Residential $ 57,283 $ 12,561 $ 1,615 $ — $ — $ — $ — $ — $ 71,459 Performing Loans 57,283 12,561 1,615 — — — — — 71,459 Non-Performing Loans — — — — — — — — — Commercial $ — $ — $ — $ — $ — $ — $ — $ — $ — Performing Loans — — — — — — — — — Non-Performing Loans — — — — — — — — — Real Estate - 1-4 Family Mortgage $ 554,483 $ 419,252 $ 205,014 $ 155,535 $ 117,619 $ 207,381 $ 404,293 $ 2,776 $ 2,066,353 Primary $ 542,659 $ 415,863 $ 203,739 $ 153,717 $ 116,689 $ 206,496 $ — $ — $ 1,639,163 Performing Loans 542,053 414,931 201,273 148,649 114,669 203,416 — — 1,624,991 Non-Performing Loans 606 932 2,466 5,068 2,020 3,080 — — 14,172 Home Equity $ 111 $ — $ 79 $ 225 $ — $ 508 $ 404,293 $ 2,776 $ 407,992 Performing Loans 111 — 79 225 — 435 403,598 2,599 407,047 Non-Performing Loans — — — — — 73 695 177 945 Rental/Investment $ — $ — $ 99 $ — $ 23 $ 218 $ — $ — $ 340 Performing Loans — — 99 — 23 164 — — 286 Non-Performing Loans — — — — — 54 — — 54 Land Development $ 11,713 $ 3,389 $ 1,097 $ 1,593 $ 907 $ 159 $ — $ — $ 18,858 Performing Loans 11,688 3,298 1,065 1,593 832 159 — — 18,635 Non-Performing Loans 25 91 32 — 75 — — — 223 Real Estate - Commercial Mortgage $ 5,265 $ 3,584 $ 2,082 $ 800 $ 468 $ 137 $ — $ — $ 12,336 Owner-Occupied $ — $ 136 $ 58 $ — $ — $ — $ — $ — $ 194 Performing Loans — 136 58 — — — — — 194 Non-Performing Loans — — — — — — — — — Non-Owner Occupied $ — $ 31 $ — $ — $ — $ — $ — $ — $ 31 Performing Loans — 31 — — — — — — 31 Non-Performing Loans — — — — — — — — — Land Development $ 5,265 $ 3,417 $ 2,024 $ 800 $ 468 $ 137 $ — $ — $ 12,111 Performing Loans 5,265 3,417 2,008 800 468 86 — — 12,044 Non-Performing Loans — — 16 — — 51 — — 67 Installment loans to individuals $ 44,302 $ 15,436 $ 23,114 $ 7,717 $ 1,985 $ 1,917 $ 13,016 $ 36 $ 107,523 Performing Loans 44,254 15,360 23,035 7,704 1,958 1,890 13,016 36 107,253 Non-Performing Loans 48 76 79 13 27 27 — — 270 Total loans not subject to risk rating $ 687,705 $ 474,103 $ 247,329 $ 171,766 $ 122,241 $ 219,586 $ 440,773 $ 2,812 $ 2,366,315 Performing Loans 687,026 473,004 244,736 166,685 120,117 216,292 440,078 2,635 2,350,573 Non-Performing Loans 679 1,099 2,593 5,081 2,124 3,294 695 177 15,742 Term Loans Amortized Cost Basis by Origination Year 2022 2021 2020 2019 2018 Prior Revolving Loans Revolving Loans Converted to Term Total March 31, 2022 Commercial, Financial, Agricultural $ — $ — $ — $ 629 $ 6,149 $ 33,798 $ 67,658 $ 1,134 $ 109,368 Pass — — — 629 5,569 25,590 66,049 740 98,577 Special Mention — — — — 239 — — — 239 Substandard — — — — 341 8,208 1,609 394 10,552 Real Estate - Construction $ — $ — $ — $ — $ 575 $ 4,549 $ — $ — $ 5,124 Residential $ — $ — $ — $ — $ 575 $ 684 $ — $ — $ 1,259 Pass — — — — 575 684 — — 1,259 Special Mention — — — — — — — — — Substandard — — — — — — — — — Commercial $ — $ — $ — $ — $ — $ 3,865 $ — $ — $ 3,865 Pass — — — — — 3,865 — — 3,865 Special Mention — — — — — — — — — Substandard — — — — — — — — — Real Estate - 1-4 Family Mortgage $ — $ — $ — $ 152 $ 9,106 $ 32,889 $ 903 $ 191 $ 43,241 Primary $ — $ — $ — $ 35 $ 2,317 $ 12,126 $ 158 $ — $ 14,636 Pass — — — 35 2,317 9,148 158 — 11,658 Special Mention — — — — — 56 — — 56 Substandard — — — — — 2,922 — — 2,922 Home Equity $ — $ — $ — $ — $ — $ 38 $ 590 $ 191 $ 819 Pass — — — — — 38 590 — 628 Special Mention — — — — — — — — — Substandard — — — — — — — 191 191 Rental/Investment $ — $ — $ — $ 117 $ 314 $ 18,108 $ 155 $ — $ 18,694 Pass — — — 117 314 17,367 5 — 17,803 Special Mention — — — — — — — — — Substandard — — — — — 741 150 — 891 Land Development $ — $ — $ — $ — $ 6,475 $ 2,617 $ — $ — $ 9,092 Pass — — — — 6,475 1,285 — — 7,760 Special Mention — — — — — — — — — Substandard — — — — — 1,332 — — 1,332 Term Loans Amortized Cost Basis by Origination Year 2022 2021 2020 2019 2018 Prior Revolving Loans Revolving Loans Converted to Term Total Real Estate - Commercial Mortgage $ — $ — $ — $ 322 $ 49,086 $ 566,330 $ 1,758 $ 14,136 $ 631,632 Owner-Occupied $ — $ — $ — $ — $ 13,054 $ 206,267 $ 926 $ — $ 220,247 Pass — — — — 13,054 189,182 926 — 203,162 Special Mention — — — — — 1,918 — — 1,918 Substandard — — — — — 15,167 — — 15,167 Non-Owner Occupied $ — $ — $ — $ 322 $ 35,628 $ 345,803 $ 246 $ 14,136 $ 396,135 Pass — — — 322 19,250 311,334 246 4,281 335,433 Special Mention — — — — 16,372 — — — 16,372 Substandard — — — — 6 34,469 — 9,855 44,330 Land Development $ — $ — $ — $ — $ 404 $ 14,260 $ 586 $ — $ 15,250 Pass — — — — 404 8,446 586 — 9,436 Special Mention — — — — — 5,083 — — 5,083 Substandard — — — — — 731 — — 731 Installment loans to individuals $ — $ — $ — $ — $ — $ — $ — $ — $ — Pass — — — — — — — — — Special Mention — — — — — — — — — Substandard — — — — — — — — — Total loans subject to risk rating $ — $ — $ — $ 1,103 $ 64,916 $ 637,566 $ 70,319 $ 15,461 $ 789,365 Pass — — — 1,103 47,958 566,939 68,560 5,021 689,581 Special Mention — — — — 16,611 7,057 — — 23,668 Substandard — — — — 347 63,570 1,759 10,440 76,116 Term Loans Amortized Cost Basis by Origination Year 2021 2020 2019 2018 2017 Prior Revolving Loans Revolving Loans Converted to Term Total December 31, 2021 Commercial, Financial, Agricultural $ — $ — $ 646 $ 12,199 $ 12,247 $ 25,562 $ 38,328 $ 1,326 $ 90,308 Pass — — 646 11,612 8,918 18,877 37,555 899 78,507 Special Mention — — — 246 — — — — 246 Substandard — — — 341 3,329 6,685 773 427 11,555 Real Estate - Construction $ — $ — $ — $ 601 $ — $ 4,393 $ — $ — $ 4,994 Residential $ — $ — $ — $ 601 $ — $ 686 $ — $ — $ 1,287 Pass — — — 601 — 686 — — 1,287 Special Mention — — — — — — — — — Substandard — — — — — — — — — Commercial $ — $ — $ — $ — $ — $ 3,707 $ — $ — $ 3,707 Pass — — — — — 3,707 — — 3,707 Special Mention — — — — — — — — — Substandard — — — — — — — — — Term Loans Amortized Cost Basis by Origination Year 2021 2020 2019 2018 2017 Prior Revolving Loans Revolving Loans Converted to Term Total Real Estate - 1-4 Family Mortgage $ — $ — $ 152 $ 10,151 $ 2,781 $ 32,841 $ 1,476 $ 201 $ 47,602 Primary $ — $ — $ 34 $ 2,485 $ 1,367 $ 12,336 $ 161 $ — $ 16,383 Pass — — 34 2,485 1,367 9,408 161 — 13,455 Special Mention — — — — — 59 — — 59 Substandard — — — — — 2,869 — — 2,869 Home Equity $ — $ — $ — $ — $ — $ 42 $ 1,087 $ 201 $ 1,330 Pass — — — — — 42 717 — 759 Special Mention — — — — — — — — — Substandard — — — — — — 370 201 571 Rental/Investment $ — $ — $ 118 $ 804 $ 1,273 $ 17,806 $ 228 $ — $ 20,229 Pass — — 118 804 1,273 17,035 77 — 19,307 Special Mention — — — — — 38 — — 38 Substandard — — — — — 733 151 — 884 Land Development $ — $ — $ — $ 6,862 $ 141 $ 2,657 $ — $ — $ 9,660 Pass — — — 6,862 111 1,249 — — 8,222 Special Mention — — — — — — — — — Substandard — — — — 30 1,408 — — 1,438 Real Estate - Commercial Mortgage $ — $ — $ 325 $ 50,519 $ 123,254 $ 467,983 $ 5,912 $ 14,324 $ 662,317 Owner-Occupied $ — $ — $ — $ 13,344 $ 17,621 $ 200,111 $ 3,056 $ — $ 234,132 Pass — — — 13,344 13,888 182,779 3,056 — 213,067 Special Mention — — — — 1,553 394 — — 1,947 Substandard — — — — 2,180 16,938 — — 19,118 Non-Owner Occupied $ — $ — $ 325 $ 35,887 $ 103,739 $ 254,080 $ 2,222 $ 14,324 $ 410,577 Pass — — 325 19,510 100,682 222,048 2,222 4,418 349,205 Special Mention — — — 16,370 — 359 — — 16,729 Substandard — — — 7 3,057 31,673 — 9,906 44,643 Land Development $ — $ — $ — $ 1,288 $ 1,894 $ 13,792 $ 634 $ — $ 17,608 Pass — — — 1,288 1,894 7,904 634 — 11,720 Special Mention — — — — — 5,141 — — 5,141 Substandard — — — — — 747 — — 747 Installment loans to individuals $ — $ — $ — $ — $ — $ — $ — $ — $ — Pass — — — — — — — — — Special Mention — — — — — — — — — Substandard — — — — — — — — — Total loans subject to risk rating $ — $ — $ 1,123 $ 73,470 $ 138,282 $ 530,779 $ 45,716 $ 15,851 $ 805,221 Pass — — 1,123 56,506 128,133 463,735 44,422 5,317 699,236 Special Mention — — — 16,616 1,553 5,991 — — 24,160 Substandard — — — 348 8,596 61,053 1,294 10,534 81,825 The following tables present the performing status of the Company’s loan portfolio not subject to risk rating by origination date: Term Loans Amortized Cost Basis by Origination Year 2022 2021 2020 2019 2018 Prior Revolving Loans Revolving Loans Converted to Term Total March 31, 2022 Commercial, Financial, Agricultural $ — $ — $ — $ — $ — $ — $ — $ — $ — Performing Loans — — — — — — — — — Non-Performing Loans — — — — — — — — — Real Estate - Construction $ — $ — $ — $ — $ — $ — $ — $ — $ — Residential $ — $ — $ — $ — $ — $ — $ — $ — $ — Performing Loans — — — — — — — — — Non-Performing Loans — — — — — — — — — Commercial $ — $ — $ — $ — $ — $ — $ — $ — $ — Performing Loans — — — — — — — — — Non-Performing Loans — — — — — — — — — Real Estate - 1-4 Family Mortgage $ — $ — $ — $ 200 $ 1,079 $ 110,964 $ 39,583 $ 1,325 $ 153,151 Primary $ — $ — $ — $ 200 $ 538 $ 106,613 $ — $ 76 $ 107,427 Performing Loans — — — 200 429 101,584 — 76 102,289 Non-Performing Loans — — — — 109 5,029 — — 5,138 Home Equity $ — $ — $ — $ — $ 541 $ 4,047 $ 39,583 $ 1,249 $ 45,420 Performing Loans — — — — 541 3,994 39,011 1,120 44,666 Non-Performing Loans — — — — — 53 572 129 754 Rental/Investment $ — $ — $ — $ — $ — $ — $ — $ — $ — Performing Loans — — — — — — — — — Non-Performing Loans — — — — — — — — — Land Development $ — $ — $ — $ — $ — $ 304 $ — $ — $ 304 Performing Loans — — — — — 304 — — 304 Non-Performing Loans — — — — — — — — — Real Estate - Commercial Mortgage $ — $ — $ — $ — $ 145 $ 547 $ — $ — $ 692 Owner-Occupied $ — $ — $ — $ — $ — $ — $ — $ — $ — Performing Loans — — — — — — — — — Non-Performing Loans — — — — — — — — — Non-Owner Occupied $ — $ — $ — $ — $ — $ — $ — $ — $ — Performing Loans — — — — — — — — — Non-Performing Loans — — — — — — — — — Land Development $ — $ — $ — $ — $ 145 $ 547 $ — $ — $ 692 Performing Loans — — — — 145 547 — — 692 Non-Performing Loans — — — — — — — — — Installment loans to individuals $ — $ — $ — $ — $ 17,963 $ 11,983 $ 1,391 $ 24 $ 31,361 Performing Loans — — — — 17,959 11,912 1,378 20 31,269 Non-Performing Loans — — — — 4 71 13 4 92 Total loans not subject to risk rating $ — $ — $ — $ 200 $ 19,187 $ 123,494 $ 40,974 $ 1,349 $ 185,204 Performing Loans — — — 200 19,074 118,341 40,389 1,216 179,220 Non-Performing Loans — — — — 113 5,153 585 133 5,984 Term Loans Amortized Cost Basis by Origination Year 2021 2020 2019 2018 2017 Prior Revolving Loans Revolving Loans Converted to Term Total December 31, 2021 Commercial, Financial, Agricultural $ — $ — $ — $ — $ — $ — $ — $ — $ — Performing Loans — — — — — — — — — Non-Performing Loans — — — — — — — — — Real Estate - Construction $ — $ — $ — $ — $ — $ — $ — $ — $ — Residential $ — $ — $ — $ — $ — $ — $ — $ — $ — Performing Loans — — — — — — — — — Non-Performing Loans — — — — — — — — — Commercial $ — $ — $ — $ — $ — $ — $ — $ — $ — Performing Loans — — — — — — — — — Non-Performing Loans — — — — — — — — — Real Estate - 1-4 Family Mortgage $ — $ — $ 202 $ 1,480 $ 19,988 $ 101,060 $ 44,086 $ 1,355 $ 168,171 Primary $ — $ — $ 202 $ 938 $ 17,505 $ 98,961 $ — $ 81 $ 117,687 Performing Loans — — 202 829 16,902 94,607 — 81 112,621 Non-Performing Loans — — — 109 603 4,354 — — 5,066 Home Equity $ — $ — $ — $ 542 $ 2,441 $ 1,823 $ 44,086 $ 1,274 $ 50,166 Performing Loans — — — 542 2,441 1,769 43,700 1,141 49,593 Non-Performing Loans — — — — — 54 386 133 573 Rental/Investment $ — $ — $ — $ — $ — $ — $ — $ — $ — Performing Loans — — — — — — — — — Non-Performing Loans — — — — — — — — — Land Development $ — $ — $ — $ — $ 42 $ 276 $ — $ — $ 318 Performing Loans — — — — 42 276 — — 318 Non-Performing Loans — — — — — — — — — Real Estate - Commercial Mortgage $ — $ — $ — $ 147 $ 31 $ 558 $ — $ — $ 736 Owner-Occupied $ — $ — $ — $ — $ — $ — $ — $ — $ — Performing Loans — — — — — — — — — Non-Performing Loans — — — — — — — — — Non-Owner Occupied $ — $ — $ — $ — $ — $ — $ — $ — $ — Performing Loans — — — — — — — — — Non-Performing Loans — — — — — — — — — Land Development $ — $ — $ — $ 147 $ 31 $ 558 $ — $ — $ 736 Performing Loans — — — 147 31 558 — — 736 Non-Performing Loans — — — — — — — — — Installment loans to individuals $ — $ — $ — $ 20,581 $ 9,721 $ 3,881 $ 1,558 $ 34 $ 35,775 Performing Loans — — — 20,566 9,714 3,684 1,541 23 35,528 Non-Performing Loans — — — 15 7 197 17 11 247 Total loans not subject to risk rating $ — $ — $ 202 $ 22,208 $ 29,740 $ 105,499 $ 45,644 $ 1,389 $ 204,682 Performing Loans — — 202 22,084 29,130 100,894 45,241 1,245 198,796 Non-Performing Loans — — — 124 610 4,605 403 144 5,886 |
Allowance for Credit Losses (Ta
Allowance for Credit Losses (Tables) | 3 Months Ended |
Mar. 31, 2022 | |
Receivables [Abstract] | |
Summary of total non purchased and purchased loans | The following is a summary of non purchased loans and leases as of the dates presented: March 31, December 31, 2021 Commercial, financial, agricultural (1) $ 1,336,239 $ 1,332,962 Lease financing 94,954 80,192 Real estate – construction: Residential 305,396 300,988 Commercial 911,532 798,914 Total real estate – construction 1,216,928 1,099,902 Real estate – 1-4 family mortgage: Primary 1,803,750 1,682,050 Home equity 424,426 423,108 Rental/investment 274,117 268,245 Land development 142,294 135,070 Total real estate – 1-4 family mortgage 2,644,587 2,508,473 Real estate – commercial mortgage: Owner-occupied 1,318,446 1,329,219 Non-owner occupied 2,510,981 2,446,370 Land development 116,113 110,395 Total real estate – commercial mortgage 3,945,540 3,885,984 Installment loans to individuals 105,754 107,565 Gross loans 9,344,002 9,015,078 Unearned income (5,112) (4,067) Loans, net of unearned income $ 9,338,890 $ 9,011,011 (1) Includes Paycheck Protection Program (“PPP”) loans of $8,382 and $58,391 as of March 31, 2022 and December 31, 2021, respectively. The following is a summary of purchased loans as of the dates presented: March 31, December 31, 2021 Commercial, financial, agricultural $ 109,368 $ 90,308 Real estate – construction: Residential 1,259 1,287 Commercial 3,865 3,707 Total real estate – construction 5,124 4,994 Real estate – 1-4 family mortgage: Primary 122,063 134,070 Home equity 46,239 51,496 Rental/investment 18,694 20,229 Land development 9,396 9,978 Total real estate – 1-4 family mortgage 196,392 215,773 Real estate – commercial mortgage: Owner-occupied 220,247 234,132 Non-owner occupied 396,135 410,577 Land development 15,942 18,344 Total real estate – commercial mortgage 632,324 663,053 Installment loans to individuals 31,361 35,775 Loans $ 974,569 $ 1,009,903 The following is a summary of total non purchased and purchased loans as of the dates presented: March 31, December 31, 2021 Commercial, financial, agricultural (1) $ 1,445,607 $ 1,423,270 Lease financing 94,954 80,192 Real estate – construction: Residential 306,655 302,275 Commercial 915,397 802,621 Total real estate – construction 1,222,052 1,104,896 Real estate – 1-4 family mortgage: Primary 1,925,813 1,816,120 Home equity 470,665 474,604 Rental/investment 292,811 288,474 Land development 151,690 145,048 Total real estate – 1-4 family mortgage 2,840,979 2,724,246 Real estate – commercial mortgage: Owner-occupied 1,538,693 1,563,351 Non-owner occupied 2,907,116 2,856,947 Land development 132,055 128,739 Total real estate – commercial mortgage 4,577,864 4,549,037 Installment loans to individuals 137,115 143,340 Gross loans 10,318,571 10,024,981 Unearned income (5,112) (4,067) Loans, net of unearned income 10,313,459 10,020,914 Allowance for credit losses on loans (166,468) (164,171) Net loans $ 10,146,991 $ 9,856,743 (1) Includes Paycheck Protection Program (“PPP”) loans of $8,382 and $58,391 as of March 31, 2022 and December 31, 2021, respectively. |
Roll forward of the allowance for loan losses | The following tables provide a roll-forward of the allowance for credit losses by loan category and a breakdown of the ending balance of the allowance based on the Company’s credit loss methodology for the periods presented: Commercial Real Estate - Real Estate - Real Estate - Lease Financing Installment Total Three Months Ended March 31, 2022 Allowance for credit losses: Beginning balance $ 33,922 $ 16,419 $ 32,356 $ 68,940 $ 1,486 $ 11,048 $ 164,171 Impact of PCD loans acquired during the period 1,648 — — — — — 1,648 Charge-offs (2,102) — (163) (6) (7) (779) (3,057) Recoveries 1,136 — 178 155 12 725 2,206 Net (charge-offs) recoveries (966) — 15 149 5 (54) (851) Provision for credit losses on loans (998) 1,992 4,477 (3,858) 91 (204) 1,500 Ending balance $ 33,606 $ 18,411 $ 36,848 $ 65,231 $ 1,582 $ 10,790 $ 166,468 Period-End Amount Allocated to: Individually evaluated $ 9,225 $ — $ 396 $ 2,660 $ — $ 570 $ 12,851 Collectively evaluated 24,381 18,411 36,452 62,571 1,582 10,220 153,617 Ending balance $ 33,606 $ 18,411 $ 36,848 $ 65,231 $ 1,582 $ 10,790 $ 166,468 Loans: Individually evaluated $ 13,070 $ — $ 4,477 $ 15,464 $ — $ 570 $ 33,581 Collectively evaluated 1,432,537 1,222,052 2,836,502 4,562,400 89,842 136,545 10,279,878 Ending balance $ 1,445,607 $ 1,222,052 $ 2,840,979 $ 4,577,864 $ 89,842 $ 137,115 $ 10,313,459 Nonaccruing loans with no allowance for credit losses $ 435 $ — $ 2,614 $ 5,298 $ — $ 2 $ 8,349 Commercial Real Estate - Real Estate - Real Estate - Lease Financing Installment Loans to Individuals Total Three Months Ended March 31, 2021 Allowance for credit losses: Beginning balance $ 39,031 $ 16,047 $ 32,165 $ 76,127 $ 1,624 $ 11,150 $ 176,144 Charge-offs (3,498) (52) (101) (61) — (1,658) (5,370) Recoveries 289 13 261 171 11 1,587 2,332 Net (charge-offs) recoveries (3,209) (39) 160 110 11 (71) (3,038) Provision for credit losses on loans 1,770 (1,031) (631) (12) (89) (7) — Ending balance $ 37,592 $ 14,977 $ 31,694 $ 76,225 $ 1,546 $ 11,072 $ 173,106 Period-End Amount Allocated to: Individually evaluated $ 9,908 $ — $ 232 $ 4,846 $ — $ 607 $ 15,593 Collectively evaluated 27,684 14,977 31,462 71,379 1,546 10,465 157,513 Ending balance $ 37,592 $ 14,977 $ 31,694 $ 76,225 $ 1,546 $ 11,072 $ 173,106 Loans: Individually evaluated $ 15,435 $ — $ 6,311 $ 18,508 $ — $ 621 $ 40,875 Collectively evaluated 2,233,852 955,918 2,679,750 4,530,519 75,256 172,238 10,647,533 Ending balance $ 2,249,287 $ 955,918 $ 2,686,061 $ 4,549,027 $ 75,256 $ 172,859 $ 10,688,408 Nonaccruing loans with no allowance for credit losses $ 1,848 $ — $ 4,695 $ 2,113 $ — $ — $ 8,656 |
Unfunded loan commitments, allowance for credit losses | Three Months Ended March 31, 2022 2021 Allowance for credit losses on unfunded loan commitments: Beginning balance $ 20,035 $ 20,535 (Recovery of) provision for credit losses on unfunded loan commitments (included in other noninterest expense) (550) — Ending balance $ 19,485 $ 20,535 |
Other Real Estate Owned (Tables
Other Real Estate Owned (Tables) | 3 Months Ended |
Mar. 31, 2022 | |
Real Estate [Abstract] | |
Other real estate owned (OREO) covered and not covered under a loss-share agreement, net of valuation allowances and direct write-downs | The following table provides details of the Company’s other real estate owned (“OREO”) purchased and non purchased, net of valuation allowances and direct write-downs, as of the dates presented: Purchased OREO Non Purchased OREO Total March 31, 2022 Residential real estate $ 44 $ 332 $ 376 Commercial real estate 39 136 175 Residential land development 291 4 295 Commercial land development 1,157 59 1,216 Total $ 1,531 $ 531 $ 2,062 December 31, 2021 Residential real estate $ 93 $ 166 $ 259 Commercial real estate 39 722 761 Residential land development 301 4 305 Commercial land development 1,156 59 1,215 Total $ 1,589 $ 951 $ 2,540 |
Changes in purchased and non purchased OREO | Changes in the Company’s purchased and non purchased OREO were as follows: Purchased Non Purchased OREO Total Balance at January 1, 2022 $ 1,589 $ 951 $ 2,540 Transfers of loans 36 164 200 Impairments (14) — (14) Dispositions (79) (586) (665) Other (1) 2 1 Balance at March 31, 2022 $ 1,531 $ 531 $ 2,062 |
Components of OREO in the consolidated statements of income | Components of the line item “Other real estate owned” in the Consolidated Statements of Income were as follows for the periods presented: Three Months Ended March 31, 2022 2021 Repairs and maintenance $ 3 $ 20 Property taxes and insurance 35 11 Impairments 14 70 Net gains on OREO sales (291) (56) Rental income (2) (4) Total $ (241) $ 41 |
Goodwill and Other Intangible_2
Goodwill and Other Intangible Assets (Tables) | 3 Months Ended |
Mar. 31, 2022 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Carrying amounts of goodwill by operating segments | The carrying amounts of goodwill by operating segments for the three months ended March 31, 2022 were as follows: Community Banks Insurance Total Balance at January 1, 2022 $ 936,916 $ 2,767 $ 939,683 Additions to goodwill from the Southeastern Commercial Finance, LLC acquisition 6,608 — 6,608 Balance at March 31, 2022 $ 943,524 $ 2,767 $ 946,291 |
Summary of finite-lived intangible assets | The following table provides a summary of finite-lived intangible assets as of the dates presented: Gross Carrying Accumulated Net Carrying March 31, 2022 Core deposit intangibles $ 82,492 $ (60,720) $ 21,772 Customer relationship intangible 2,470 (1,511) 959 Total finite-lived intangible assets $ 84,962 $ (62,231) $ 22,731 December 31, 2021 Core deposit intangibles $ 82,492 $ (59,399) $ 23,093 Customer relationship intangible 2,470 (1,465) 1,005 Total finite-lived intangible assets $ 84,962 $ (60,864) $ 24,098 |
Current year amortization expense for finite-lived intangible assets | Current year amortization expense for finite-lived intangible assets is presented in the table below. Three Months Ended March 31, 2022 2021 Amortization expense for: Core deposit intangibles $ 1,321 $ 1,553 Customer relationship intangible 45 45 Total intangible amortization $ 1,366 $ 1,598 |
Estimated amortization expense of finite-lived intangible assets | The estimated amortization expense of finite-lived intangible assets for the year ending December 31, 2022 and the succeeding four years is summarized as follows: Core Deposit Intangibles Customer Relationship Intangible Total 2022 $ 4,941 $ 181 $ 5,122 2023 4,044 181 4,225 2024 3,498 181 3,679 2025 3,102 181 3,283 2026 2,899 138 3,037 |
Mortgage Servicing Rights (Tabl
Mortgage Servicing Rights (Tables) | 3 Months Ended |
Mar. 31, 2022 | |
Transfers and Servicing [Abstract] | |
Changes in the company's MSRs | Changes in the Company’s MSRs were as follows: Balance at January 1, 2022 $ 89,018 Capitalization 6,603 Amortization (3,891) Balance at March 31, 2022 $ 91,730 |
Data and key economic assumptions related to the Company's MSRs | Data and key economic assumptions related to the Company’s MSRs are as follows as of the dates presented: March 31, 2022 December 31, 2021 Unpaid principal balance $ 8,931,901 $ 8,728,629 Weighted-average prepayment speed (CPR) 6.71 % 10.56 % Estimated impact of a 10% increase $ (5,883) $ (3,875) Estimated impact of a 20% increase (11,291) (7,464) Discount rate 9.68 % 9.82 % Estimated impact of a 10% increase $ (1,477) $ (4,153) Estimated impact of a 20% increase (3,264) (8,119) Weighted-average coupon interest rate 3.27 % 3.29 % Weighted-average servicing fee (basis points) 30.47 30.37 Weighted-average remaining maturity (in years) 8.46 6.69 |
Employee Benefit and Deferred_2
Employee Benefit and Deferred Compensation Plans (Tables) | 3 Months Ended |
Mar. 31, 2022 | |
Retirement Benefits [Abstract] | |
Plan expense for non-contributory benefit pension plan and post-retirement health and life plans | Information related to the defined benefit pension plan maintained by Renasant Bank (“Pension Benefits”) and to the post-retirement health and life plan (“Other Benefits”) as of the dates presented is as follows: Pension Benefits Other Benefits Three Months Ended Three Months Ended March 31, March 31, 2022 2021 2022 2021 Service cost $ — $ — $ 1 $ 1 Interest cost 184 166 3 4 Expected return on plan assets (421) (443) — — Recognized actuarial loss (gain) 61 54 (19) — Net periodic (return) benefit cost $ (176) $ (223) $ (15) $ 5 |
Summary of the changes in stock options and restricted stock | The following table summarizes the changes in restricted stock as of and for the three months ended March 31, 2022: Performance-Based Restricted Stock Weighted Average Grant-Date Fair Value Time-Based Restricted Stock Weighted Average Grant-Date Fair Value Nonvested at beginning of period 146,561 $ 34.67 603,714 $ 34.48 Awarded 63,308 38.62 252,719 38.32 Vested — — (139,711) 31.08 Cancelled — — (2,000) 35.85 Nonvested at end of period 209,869 $ 35.86 714,722 $ 36.50 |
Derivative Instruments (Tables)
Derivative Instruments (Tables) | 3 Months Ended |
Mar. 31, 2022 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Derivative financial instruments | The following table provides a summary of the Company’s derivatives not designated as hedging instruments as of the dates presented: Balance Sheet March 31, 2022 December 31, 2021 Location Notional Amount Fair Value Notional Amount Fair Value Derivative assets: Interest rate contracts Other Assets $ 179,648 $ 3,662 $ 185,447 $ 4,711 Interest rate lock commitments Other Assets 130,896 2,032 310,941 5,304 Forward commitments Other Assets 436,000 10,216 280,000 667 Totals $ 746,544 $ 15,910 $ 776,388 $ 10,682 Derivative liabilities: Interest rate contracts Other Liabilities $ 179,648 $ 3,662 $ 185,447 $ 4,711 Interest rate lock commitments Other Liabilities 160,820 2,594 19,961 43 Forward commitments Other Liabilities 35,000 97 320,000 736 Totals $ 375,468 $ 6,353 $ 525,408 $ 5,490 The following table provides a summary of the Company’s derivatives designated as cash flow hedges as of the dates presented: Balance Sheet March 31, 2022 December 31, 2021 Location Notional Amount Fair Value Notional Amount Fair Value Derivative assets: Interest rate swaps Other Assets $ 100,000 $ 13,486 $ 100,000 $ 7,016 Derivative liabilities: Interest rate swaps Other Liabilities $ 30,000 $ 816 $ 62,000 $ 2,902 The following table provides a summary of the Company's derivatives designated as fair value hedges as of the dates presented: Balance Sheet March 31, 2022 December 31, 2021 Location Notional Amount Fair Value Notional Amount Fair Value Derivative liabilities: Interest rate swaps Other Liabilities $ 100,000 $ 11,754 $ 100,000 $ 5,411 |
Gains (losses) on derivative financial instruments included in the Consolidated Statements of Income | Gains and losses included in the Consolidated Statements of Income related to the Company’s derivative financial instruments were as follows as of the dates presented: Three Months Ended March 31, 2022 2021 Interest rate contracts: Included in interest income on loans $ 305 $ 370 Interest rate lock commitments: Included in mortgage banking income (5,823) (8,322) Forward commitments Included in mortgage banking income 10,188 18,803 Total $ 4,670 $ 10,851 The following table presents the effects of the Company’s fair value hedge relationships on the Consolidated Statements of Income for the periods presented: Amount of Gain (Loss) Recognized in Income Income Statement Three Months Ended March 31, Location 2022 2021 Derivative liabilities: Interest rate swaps - subordinated notes Interest Expense $ (6,343) $ (7,650) Derivative liabilities - hedged items: Interest rate swaps - subordinated notes Interest Expense $ 6,343 $ 7,650 |
Schedule of derivatives instruments statements of financial performance and financial position, location | The following table presents the amounts that were recorded in the Consolidated Balance Sheets related to cumulative basis adjustments for fair value hedges as of the dates presented: Carrying Amount of the Hedged Liability Cumulative Amount of Fair Value Hedging Adjustments Included in the Carrying Amount of the Hedged Liability Balance Sheet Location March 31, 2022 December 31, 2021 March 31, 2022 December 31, 2021 Long-term debt $ 86,786 $ 93,085 $ 11,754 $ 5,411 |
Offsetting assets | The following table presents the Company’s gross derivative positions as recognized in the Consolidated Balance Sheets as well as the net derivative positions, including collateral pledged to the extent the application of such collateral did not reduce the net derivative liability position below zero, had the Company elected to offset those instruments subject to an enforceable master netting agreement: Offsetting Derivative Assets Offsetting Derivative Liabilities March 31, December 31, 2021 March 31, December 31, 2021 Gross amounts recognized $ 26,694 $ 8,007 $ 13,337 $ 13,436 Gross amounts offset in the Consolidated Balance Sheets — — — — Net amounts presented in the Consolidated Balance Sheets 26,694 8,007 13,337 13,436 Gross amounts not offset in the Consolidated Balance Sheets Financial instruments 12,382 7,208 12,382 7,208 Financial collateral pledged — — 955 6,228 Net amounts $ 14,312 $ 799 $ — $ — |
Offsetting liabilities | The following table presents the Company’s gross derivative positions as recognized in the Consolidated Balance Sheets as well as the net derivative positions, including collateral pledged to the extent the application of such collateral did not reduce the net derivative liability position below zero, had the Company elected to offset those instruments subject to an enforceable master netting agreement: Offsetting Derivative Assets Offsetting Derivative Liabilities March 31, December 31, 2021 March 31, December 31, 2021 Gross amounts recognized $ 26,694 $ 8,007 $ 13,337 $ 13,436 Gross amounts offset in the Consolidated Balance Sheets — — — — Net amounts presented in the Consolidated Balance Sheets 26,694 8,007 13,337 13,436 Gross amounts not offset in the Consolidated Balance Sheets Financial instruments 12,382 7,208 12,382 7,208 Financial collateral pledged — — 955 6,228 Net amounts $ 14,312 $ 799 $ — $ — |
Income Taxes (Tables)
Income Taxes (Tables) | 3 Months Ended |
Mar. 31, 2022 | |
Income Tax Disclosure [Abstract] | |
Significant components of the company's deferred tax assets and liabilities | The following table is a summary of the Company’s temporary differences between the tax basis of assets and liabilities and their financial reporting amounts that give rise to deferred income tax assets and liabilities and their approximate tax effects as of the dates presented. March 31, December 31, 2022 2021 Deferred tax assets Allowance for credit losses $ 50,421 $ 50,712 Loans 2,602 2,855 Deferred compensation 10,777 14,522 Net unrealized losses on securities 35,769 3,545 Impairment of assets 394 392 Net operating loss carryforwards 1,035 1,211 Investment in partnerships 930 890 Lease liabilities under operating leases 15,423 17,106 Other 4,179 3,241 Total deferred tax assets 121,530 94,474 Deferred tax liabilities Fixed assets 5,734 5,339 Mortgage servicing rights 21,470 20,779 Junior subordinated debt 2,093 2,130 Intangibles 3,005 3,177 Lease right-of-use asset 14,696 16,209 Other 1,722 1,607 Total deferred tax liabilities 48,720 49,241 Net deferred tax assets $ 72,810 $ 45,233 |
Fair Value Measurements (Tables
Fair Value Measurements (Tables) | 3 Months Ended |
Mar. 31, 2022 | |
Fair Value Disclosures [Abstract] | |
Assets and liabilities measured at fair value on a recurring basis | The following tables present assets and liabilities that are measured at fair value on a recurring basis as of the dates presented: Level 1 Level 2 Level 3 Totals March 31, 2022 Financial assets: Securities available for sale $ — $ 2,405,316 $ — $ 2,405,316 Derivative instruments — 29,396 — 29,396 Mortgage loans held for sale in loans held for sale — 280,464 — 280,464 Total financial assets $ — $ 2,715,176 $ — $ 2,715,176 Financial liabilities: Derivative instruments: $ — $ 18,923 $ — $ 18,923 Level 1 Level 2 Level 3 Totals December 31, 2021 Financial assets: Securities available for sale — 2,386,052 — 2,386,052 Derivative instruments — 17,698 — 17,698 Mortgage loans held for sale in loans held for sale — 453,533 — 453,533 Total financial assets $ — $ 2,857,283 $ — $ 2,857,283 Financial liabilities: Derivative instruments $ — $ 13,803 $ — $ 13,803 |
Reconciliation for assets and liabilities measured at fair value on a recurring basis | The following table provides a reconciliation for assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs, or Level 3 inputs, as of the dates presented: 2021 Three Months Ended March 31, 2022 Trust preferred Three Months Ended March 31, Balance at beginning of period $ 9,012 Accretion included in net income 7 Unrealized losses included in other comprehensive income 941 Realized losses 2,061 Sales (12,021) Balance at end of period $ — |
Assets measured at fair value on a nonrecurring basis | The following tables provide the fair value measurement for assets measured at fair value on a nonrecurring basis that were still held on the Consolidated Balance Sheets as of the dates presented and the level within the fair value hierarchy each is classified: March 31, 2022 Level 1 Level 2 Level 3 Totals Individually evaluated loans, net of allowance for credit losses $ — $ — $ 3,111 $ 3,111 OREO — — 2,062 2,062 Total $ — $ — $ 5,173 $ 5,173 December 31, 2021 Level 1 Level 2 Level 3 Totals Individually evaluated loans, net of allowance for credit losses $ — $ — $ 7,928 $ 7,928 OREO — — 2,540 2,540 Total $ — $ — $ 10,468 $ 10,468 |
OREO measured at fair value on a nonrecurring basis | The following table presents OREO measured at fair value on a nonrecurring basis that was still held on the Consolidated Balance Sheets as of the dates presented: March 31, December 31, 2021 Carrying amount prior to remeasurement $ 2,076 $ 2,556 Impairment recognized in results of operations (14) (16) Fair value $ 2,062 $ 2,540 |
Significant unobservable inputs (Level 3) used in valuation of assets and liabilities measured at fair value on non recurring basis | The following table presents information as of March 31, 2022 about significant unobservable inputs (Level 3) used in the valuation of assets measured at fair value on a nonrecurring basis: Financial instrument Fair Valuation Technique Significant Range of Inputs Individually evaluated loans, net of allowance for credit losses $ 3,111 Appraised value of collateral less estimated costs to sell Estimated costs to sell 4-10% OREO $ 2,062 Appraised value of property less estimated costs to sell Estimated costs to sell 4-10% |
Summarizes differences between fair value and principal balance for mortgage loans held for sale measure at fair value | The following table summarizes the differences between the fair value and the principal balance for mortgage loans held for sale measured at fair value as of March 31, 2022 and December 31, 2021: Aggregate Aggregate Difference March 31, 2022 Mortgage loans held for sale measured at fair value $ 280,464 $ 281,669 $ (1,205) December 31, 2021 Mortgage loans held for sale measured at fair value $ 453,533 $ 441,717 $ 11,816 |
Assets and liabilities not measured and reported at fair value on a recurring basis or nonrecurring basis | The carrying amounts and estimated fair values of the Company’s financial instruments, including those assets and liabilities that are not measured and reported at fair value on a recurring basis or nonrecurring basis, were as follows as of the dates presented: Fair Value As of March 31, 2022 Carrying Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 1,607,493 $ 1,607,493 $ — $ — $ 1,607,493 Securities available for sale 2,405,316 — 2,405,316 — 2,405,316 Loans held for sale 280,464 — 280,464 — 280,464 Loans, net 10,146,991 — — 9,860,650 9,860,650 Mortgage servicing rights 91,730 — — 131,896 131,896 Derivative instruments 29,396 — 29,396 — 29,396 Financial liabilities Deposits $ 13,990,897 $ 12,650,868 $ 1,321,023 $ — $ 13,971,891 Short-term borrowings 111,279 111,279 — — 111,279 Federal Home Loan Bank advances 408 — 409 — 409 Junior subordinated debentures 111,518 — 104,427 — 104,427 Subordinated notes 323,490 — 322,900 — 322,900 Derivative instruments 18,923 — 18,923 — 18,923 Fair Value As of December 31, 2021 Carrying Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 1,877,965 $ 1,877,965 $ — $ — $ 1,877,965 Securities available for sale 2,386,052 — 2,386,052 — 2,386,052 Loans held for sale 453,533 — 453,533 — 453,533 Loans, net 9,856,743 — — 9,690,604 9,690,604 Mortgage servicing rights 89,018 — — 99,425 99,425 Derivative instruments 17,698 — 17,698 — 17,698 Financial liabilities Deposits $ 13,905,724 $ 12,494,342 $ 1,408,397 $ — $ 13,902,739 Short-term borrowings 13,947 13,947 — — 13,947 Federal Home Loan Bank advances 417 — 422 — 422 Junior subordinated debentures 111,373 — 106,682 — 106,682 Subordinated notes 359,419 — 373,950 — 373,950 Derivative instruments 13,803 — 13,803 — 13,803 |
Other Comprehensive Income (L_2
Other Comprehensive Income (Loss) (Tables) | 3 Months Ended |
Mar. 31, 2022 | |
Equity [Abstract] | |
Changes in the components of other comprehensive income | Changes in the components of other comprehensive income, net of tax, were as follows for the periods presented: Pre-Tax Tax Expense Net of Tax Three months ended March 31, 2022 Securities available for sale: Unrealized holding losses on securities $ (134,756) $ (34,294) $ (100,462) Amortization of unrealized holding gains on securities transferred to the held to maturity category (99) (25) (74) Total securities available for sale (134,855) (34,319) (100,536) Derivative instruments: Unrealized holding gains on derivative instruments 8,556 2,177 6,379 Total derivative instruments 8,556 2,177 6,379 Defined benefit pension and post-retirement benefit plans: Amortization of net actuarial loss recognized in net periodic pension cost 42 11 31 Total defined benefit pension and post-retirement benefit plans 42 11 31 Total other comprehensive loss $ (126,257) $ (32,131) $ (94,126) Three months ended March 31, 2021 Securities available for sale: Unrealized holding losses on securities $ (20,044) $ (5,101) $ (14,943) Reclassification adjustment for gains realized in net income (1,357) (345) (1,012) Total securities available for sale (21,401) (5,446) (15,955) Derivative instruments: Unrealized holding gains on derivative instruments 14,734 3,750 10,984 Total derivative instruments 14,734 3,750 10,984 Defined benefit pension and post-retirement benefit plans: Amortization of net actuarial loss recognized in net periodic pension cost 54 12 42 Total defined benefit pension and post-retirement benefit plans 54 12 42 Total other comprehensive loss $ (6,613) $ (1,684) $ (4,929) |
Accumulated balances for each component of other comprehensive income, net of tax | The accumulated balances for each component of other comprehensive income, net of tax, were as follows as of the dates presented: March 31, December 31, 2021 Unrealized losses on securities $ (109,652) $ (9,116) Unrealized gains on derivative instruments 10,342 3,963 Unrecognized losses on defined benefit pension and post-retirement benefit plans obligations (5,259) (5,290) Total accumulated other comprehensive loss $ (104,569) $ (10,443) |
Net Income Per Common Share (Ta
Net Income Per Common Share (Tables) | 3 Months Ended |
Mar. 31, 2022 | |
Earnings Per Share [Abstract] | |
Basic and diluted net income per common share | Basic and diluted net income per common share calculations are as follows for the periods presented: Three Months Ended March 31, 2022 2021 Basic Net income applicable to common stock $ 33,547 $ 57,908 Average common shares outstanding 55,809,192 56,240,201 Net income per common share - basic $ 0.60 $ 1.03 Diluted Net income applicable to common stock $ 33,547 $ 57,908 Average common shares outstanding 55,809,192 56,240,201 Effect of dilutive stock-based compensation 272,671 278,998 Average common shares outstanding - diluted 56,081,863 56,519,199 Net income per common share - diluted $ 0.60 $ 1.02 |
Schedule of antidilutive securities | Stock-based compensation awards that could potentially dilute basic net income per common share in the future that were not included in the computation of diluted net income per common share due to their anti-dilutive effect were as follows for the periods presented: Three Months Ended March 31, 2022 2021 Number of shares 2,200 1,875 |
Regulatory Matters (Tables)
Regulatory Matters (Tables) | 3 Months Ended |
Mar. 31, 2022 | |
Banking and Thrift, Interest [Abstract] | |
Guidelines governing the classification of capital tiers | Those guidelines specify capital tiers, which include the following classifications: Capital Tiers Tier 1 Capital to Common Equity Tier 1 to Tier 1 Capital to Total Capital to Well capitalized 5% or above 6.5% or above 8% or above 10% or above Adequately capitalized 4% or above 4.5% or above 6% or above 8% or above Undercapitalized Less than 4% Less than 4.5% Less than 6% Less than 8% Significantly undercapitalized Less than 3% Less than 3% Less than 4% Less than 6% Critically undercapitalized Tangible Equity / Total Assets less than 2% |
Capital and risk-based capital and leverage ratios | The following table provides the capital and risk-based capital and leverage ratios for the Company and for the Bank as of the dates presented: March 31, 2022 December 31, 2021 Amount Ratio Amount Ratio Renasant Corporation Tier 1 Capital to Average Assets (Leverage) $ 1,424,268 9.00 % $ 1,422,077 9.15 % Common Equity Tier 1 Capital to Risk-Weighted Assets 1,316,342 10.78 % 1,314,295 11.18 % Tier 1 Capital to Risk-Weighted Assets 1,424,268 11.67 % 1,422,077 12.10 % Total Capital to Risk-Weighted Assets 1,892,630 15.50 % 1,897,167 16.14 % Renasant Bank Tier 1 Capital to Average Assets (Leverage) $ 1,581,608 10.00 % $ 1,580,904 10.18 % Common Equity Tier 1 Capital to Risk-Weighted Assets 1,581,608 12.95 % 1,580,904 13.46 % Tier 1 Capital to Risk-Weighted Assets 1,581,608 12.95 % 1,580,904 13.46 % Total Capital to Risk-Weighted Assets 1,714,725 14.04 % 1,697,163 14.44 % |
Segment Reporting (Tables)
Segment Reporting (Tables) | 3 Months Ended |
Mar. 31, 2022 | |
Segment Reporting [Abstract] | |
Financial information for the company's operating segments | The following tables provide financial information for the Company’s operating segments as of and for the periods presented: Community Insurance Wealth Other Consolidated Three months ended March 31, 2022 Net interest income (loss) $ 103,932 $ 93 $ 490 $ (4,886) $ 99,629 Provision for credit losses 1,500 — — — 1,500 Noninterest income (loss) 28,306 3,097 6,505 (450) 37,458 Noninterest expense 86,871 2,116 4,755 363 94,105 Income (loss) before income taxes 43,867 1,074 2,240 (5,699) 41,482 Income tax expense (benefit) 9,131 281 — (1,477) 7,935 Net income (loss) $ 34,736 $ 793 $ 2,240 $ (4,222) $ 33,547 Total assets $ 16,757,670 $ 33,794 $ 64,761 $ 7,532 $ 16,863,757 Goodwill $ 943,524 $ 2,767 $ — $ — $ 946,291 Three months ended March 31, 2021 Net interest income (loss) $ 112,948 $ 107 $ 384 $ (3,791) $ 109,648 Provision for credit losses — — — — — Noninterest income (loss) 73,070 3,248 5,171 (452) 81,037 Noninterest expense (benefit) 109,586 1,923 4,101 325 115,935 Income (loss) before income taxes 76,432 1,432 1,454 (4,568) 74,750 Income tax expense (benefit) 17,656 367 — (1,181) 16,842 Net income (loss) $ 58,776 $ 1,065 $ 1,454 $ (3,387) $ 57,908 Total assets $ 15,525,500 $ 31,004 $ 64,320 $ 1,747 $ 15,622,571 Goodwill $ 936,916 $ 2,767 $ — $ — $ 939,683 |
Securities - Amortized Cost and
Securities - Amortized Cost and Fair Value of Securities Available for Sale (Details) - USD ($) $ in Thousands | Mar. 31, 2022 | Dec. 31, 2021 |
Amortized cost and fair value of securities available for sale | ||
Amortized Cost | $ 2,554,976 | $ 2,400,956 |
Gross Unrealized Gains | 2,843 | 16,120 |
Gross Unrealized Losses | (152,503) | (31,024) |
Fair Value | 2,405,316 | 2,386,052 |
U.S. Treasury securities | ||
Amortized cost and fair value of securities available for sale | ||
Amortized Cost | 2,000 | 3,007 |
Gross Unrealized Gains | 0 | 3 |
Gross Unrealized Losses | 0 | 0 |
Fair Value | 2,000 | 3,010 |
Obligations of other U.S. Government agencies and corporations | ||
Amortized cost and fair value of securities available for sale | ||
Amortized Cost | 153,847 | |
Gross Unrealized Gains | 5,532 | |
Gross Unrealized Losses | (269) | |
Fair Value | 159,110 | |
Obligations of states and political subdivisions | ||
Amortized cost and fair value of securities available for sale | ||
Amortized Cost | 161,565 | 0 |
Gross Unrealized Gains | 1,117 | 0 |
Gross Unrealized Losses | (5,205) | 0 |
Fair Value | 157,477 | 0 |
Trust preferred securities | ||
Amortized cost and fair value of securities available for sale | ||
Amortized Cost | 0 | |
Gross Unrealized Gains | 0 | |
Gross Unrealized Losses | 0 | |
Fair Value | 0 | |
Other debt securities | ||
Amortized cost and fair value of securities available for sale | ||
Amortized Cost | 94,996 | 36,515 |
Gross Unrealized Gains | 385 | 1,097 |
Gross Unrealized Losses | (1,991) | (148) |
Fair Value | 93,390 | 37,464 |
Government agency mortgage backed securities | Residential mortgage backed securities: | ||
Amortized cost and fair value of securities available for sale | ||
Amortized Cost | 969,140 | 967,497 |
Gross Unrealized Gains | 1,249 | 7,854 |
Gross Unrealized Losses | (48,493) | (6,816) |
Fair Value | 921,896 | 968,535 |
Government agency mortgage backed securities | Commercial mortgage backed securities: | ||
Amortized cost and fair value of securities available for sale | ||
Amortized Cost | 11,277 | 14,717 |
Gross Unrealized Gains | 0 | 365 |
Gross Unrealized Losses | (371) | (1) |
Fair Value | 10,906 | 15,081 |
Government agency collateralized mortgage obligations | Residential mortgage backed securities: | ||
Amortized cost and fair value of securities available for sale | ||
Amortized Cost | 1,094,043 | 1,008,514 |
Gross Unrealized Gains | 5 | 457 |
Gross Unrealized Losses | (83,591) | (20,371) |
Fair Value | 1,010,457 | 988,600 |
Government agency collateralized mortgage obligations | Commercial mortgage backed securities: | ||
Amortized cost and fair value of securities available for sale | ||
Amortized Cost | 221,955 | 216,859 |
Gross Unrealized Gains | 87 | 812 |
Gross Unrealized Losses | (12,852) | (3,419) |
Fair Value | $ 209,190 | $ 214,252 |
Securities - Amortized Cost a_2
Securities - Amortized Cost and Fair Value, Held to Maturity (Details) - USD ($) $ in Thousands | Mar. 31, 2022 | Dec. 31, 2021 |
Schedule of Held-to-maturity Securities [Line Items] | ||
Amortized Cost | $ 487,226 | $ 416,389 |
Gross Unrealized Gains | 0 | 334 |
Gross Unrealized Losses | (37,685) | (1,171) |
Fair Value | 449,541 | 415,552 |
Allowance for credit losses - held to maturity securities | (32) | (32) |
Held to maturity securities, net of allowance for credit losses | 487,194 | 416,357 |
Obligations of states and political subdivisions | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Amortized Cost | 290,588 | 267,641 |
Gross Unrealized Gains | 0 | 333 |
Gross Unrealized Losses | (26,969) | (685) |
Fair Value | 263,619 | 267,289 |
Residential mortgage backed securities: | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Amortized Cost | 23,403 | 24,832 |
Gross Unrealized Gains | 0 | 0 |
Gross Unrealized Losses | (1,904) | (92) |
Fair Value | 21,499 | 24,740 |
Other debt securities | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Amortized Cost | 21,938 | 22,049 |
Gross Unrealized Gains | 0 | 0 |
Gross Unrealized Losses | (1,120) | (79) |
Fair Value | 20,818 | 21,970 |
Government agency mortgage backed securities | Residential mortgage backed securities: | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Amortized Cost | 95,369 | 60,507 |
Gross Unrealized Gains | 0 | 1 |
Gross Unrealized Losses | (3,943) | (198) |
Fair Value | 91,426 | 60,310 |
Government agency mortgage backed securities | Commercial mortgage backed securities: | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Amortized Cost | 17,022 | 1,855 |
Gross Unrealized Gains | 0 | 0 |
Gross Unrealized Losses | (1,488) | 0 |
Fair Value | 15,534 | 1,855 |
Government agency collateralized mortgage obligations | Commercial mortgage backed securities: | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Amortized Cost | 38,906 | 39,505 |
Gross Unrealized Gains | 0 | 0 |
Gross Unrealized Losses | (2,261) | (117) |
Fair Value | $ 36,645 | $ 39,388 |
Securities - Securities Sold (D
Securities - Securities Sold (Details) - USD ($) | 3 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
Debt Securities, Available-for-sale [Line Items] | ||
Carrying Value | $ 154,034,000 | |
Net Proceeds | $ 0 | 155,391,000 |
Gain/(Loss) | 1,357,000 | |
Obligations of states and political subdivisions | ||
Debt Securities, Available-for-sale [Line Items] | ||
Carrying Value | 47,000 | |
Net Proceeds | 50,000 | |
Gain/(Loss) | 3,000 | |
Residential mortgage backed securities: | Government agency mortgage backed securities | ||
Debt Securities, Available-for-sale [Line Items] | ||
Carrying Value | 136,340,000 | |
Net Proceeds | 139,735,000 | |
Gain/(Loss) | 3,395,000 | |
Residential mortgage backed securities: | Government agency collateralized mortgage obligations | ||
Debt Securities, Available-for-sale [Line Items] | ||
Carrying Value | 5,626,000 | |
Net Proceeds | 5,646,000 | |
Gain/(Loss) | 20,000 | |
Trust preferred securities | ||
Debt Securities, Available-for-sale [Line Items] | ||
Carrying Value | 12,021,000 | |
Net Proceeds | 9,960,000 | |
Gain/(Loss) | $ (2,061,000) |
Securities - Gross Realized Gai
Securities - Gross Realized Gains and Losses (Details) $ in Thousands | 3 Months Ended |
Mar. 31, 2021USD ($) | |
Investments, Debt and Equity Securities [Abstract] | |
Gross gains on sales of securities available for sale | $ 3,508 |
Gross losses on sales of securities available for sale | (2,151) |
Gains on sales of securities available for sale, net | $ 1,357 |
Securities - Narrative (Details
Securities - Narrative (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2022 | Dec. 31, 2021 | |
Debt Securities, Available-for-sale [Line Items] | ||
Allowance for credit losses - held to maturity securities | $ 32 | $ 32 |
Amortized cost of debt securities held to maturity rated A or higher by rating agencies (percent) | 99.90% | |
Secure government, public and trust deposits | ||
Debt Securities, Available-for-sale [Line Items] | ||
Available for sale securities pledged as collateral | $ 684,687 | 607,681 |
Short-term borrowings | ||
Debt Securities, Available-for-sale [Line Items] | ||
Available for sale securities pledged as collateral | $ 18,305 | $ 21,493 |
Securities - Contractual Maturi
Securities - Contractual Maturity (Details) - USD ($) $ in Thousands | Mar. 31, 2022 | Dec. 31, 2021 |
Amortized Cost | ||
Due within one year | $ 155 | |
Due after one year through five years | 2,047 | |
Due after five years through ten years | 18,244 | |
Due after ten years | 270,142 | |
Amortized Cost | 487,226 | $ 416,389 |
Fair Value | ||
Due within one year | 155 | |
Due after one year through five years | 1,977 | |
Due after five years through ten years | 16,884 | |
Due after ten years | 244,603 | |
Fair Value | 449,541 | 415,552 |
Amortized Cost | ||
Due within one year | 3,996 | |
Due after one year through five years | 37,518 | |
Due after five years through ten years | 66,830 | |
Due after ten years | 88,851 | |
Amortized Cost | 2,554,976 | 2,400,956 |
Fair Value | ||
Due within one year | 4,003 | |
Due after one year through five years | 37,814 | |
Due after five years through ten years | 66,946 | |
Due after ten years | 84,252 | |
Fair Value | 2,405,316 | 2,386,052 |
Residential mortgage backed securities: | ||
Amortized Cost | ||
Amortized Cost | 23,403 | 24,832 |
Fair Value | ||
Fair Value | 21,499 | 24,740 |
Other debt securities | ||
Amortized Cost | ||
Without single maturity date, amortized cost | 21,938 | |
Amortized Cost | 21,938 | 22,049 |
Fair Value | ||
Without single maturity date, fair value | 20,818 | |
Fair Value | 20,818 | 21,970 |
Amortized Cost | ||
Debt securities, without fixed maturity, amortized cost | 61,366 | |
Amortized Cost | 94,996 | 36,515 |
Fair Value | ||
Debt securities, without fixed maturity, fair value | 59,852 | |
Fair Value | 93,390 | 37,464 |
Government agency mortgage backed securities | Residential mortgage backed securities: | ||
Amortized Cost | ||
Without single maturity date, amortized cost | 95,369 | |
Amortized Cost | 95,369 | 60,507 |
Fair Value | ||
Without single maturity date, fair value | 91,426 | |
Fair Value | 91,426 | 60,310 |
Amortized Cost | ||
Debt securities, without fixed maturity, amortized cost | 969,140 | |
Amortized Cost | 969,140 | 967,497 |
Fair Value | ||
Debt securities, without fixed maturity, fair value | 921,896 | |
Fair Value | 921,896 | 968,535 |
Government agency mortgage backed securities | Commercial mortgage backed securities: | ||
Amortized Cost | ||
Without single maturity date, amortized cost | 17,022 | |
Amortized Cost | 17,022 | 1,855 |
Fair Value | ||
Without single maturity date, fair value | 15,534 | |
Fair Value | 15,534 | 1,855 |
Amortized Cost | ||
Debt securities, without fixed maturity, amortized cost | 11,277 | |
Amortized Cost | 11,277 | 14,717 |
Fair Value | ||
Debt securities, without fixed maturity, fair value | 10,906 | |
Fair Value | 10,906 | 15,081 |
Government agency collateralized mortgage obligations | Residential mortgage backed securities: | ||
Amortized Cost | ||
Without single maturity date, amortized cost | 23,403 | |
Fair Value | ||
Without single maturity date, fair value | 21,499 | |
Amortized Cost | ||
Debt securities, without fixed maturity, amortized cost | 1,094,043 | |
Amortized Cost | 1,094,043 | 1,008,514 |
Fair Value | ||
Debt securities, without fixed maturity, fair value | 1,010,457 | |
Fair Value | 1,010,457 | 988,600 |
Government agency collateralized mortgage obligations | Commercial mortgage backed securities: | ||
Amortized Cost | ||
Without single maturity date, amortized cost | 38,906 | |
Amortized Cost | 38,906 | 39,505 |
Fair Value | ||
Without single maturity date, fair value | 36,645 | |
Fair Value | 36,645 | 39,388 |
Amortized Cost | ||
Debt securities, without fixed maturity, amortized cost | 221,955 | |
Amortized Cost | 221,955 | 216,859 |
Fair Value | ||
Debt securities, without fixed maturity, fair value | 209,190 | |
Fair Value | $ 209,190 | $ 214,252 |
Securities - Gross Unrealized L
Securities - Gross Unrealized Losses and Fair Value by Investment Category (Details) $ in Thousands | Mar. 31, 2022USD ($)security | Dec. 31, 2021USD ($)security |
Available for Sale: | ||
Number of positions, Less than 12 Months | security | 219 | 121 |
Fair Value, Less than 12 Months | $ 1,987,809 | $ 1,899,384 |
Unrealized Losses, Less than 12 Months | $ (133,960) | $ (30,120) |
Number of positions, 12 Months or More | security | 22 | 7 |
Fair value, 12 Months or More | $ 173,753 | $ 25,634 |
Unrealized Losses, 12 Months or More | $ (18,543) | $ (904) |
Number of positions | security | 241 | 128 |
Fair Value | $ 2,161,562 | $ 1,925,018 |
Unrealized Losses | $ (152,503) | $ (31,024) |
Held to Maturity: | ||
Number of positions, Less than 12 Months | security | 197 | 90 |
Fair Value, Less than 12 Months | $ 416,494 | $ 201,791 |
Unrealized Losses, Less than 12 Months | $ (34,916) | $ (1,154) |
Number of positions, 12 Months or More | security | 4 | 1 |
Fair Value, 12 Months or More | $ 33,047 | $ 5,354 |
Unrealized Losses, 12 Months or More | $ (2,769) | $ (17) |
Number of positions | security | 201 | 91 |
Fair Value | $ 449,541 | $ 207,145 |
Unrealized Losses | $ (37,685) | $ (1,171) |
Obligations of states and political subdivisions | ||
Available for Sale: | ||
Number of positions, Less than 12 Months | security | 41 | 8 |
Fair Value, Less than 12 Months | $ 81,646 | $ 34,303 |
Unrealized Losses, Less than 12 Months | $ (4,767) | $ (216) |
Number of positions, 12 Months or More | security | 4 | 3 |
Fair value, 12 Months or More | $ 5,805 | $ 3,892 |
Unrealized Losses, 12 Months or More | $ (438) | $ (53) |
Number of positions | security | 45 | 11 |
Fair Value | $ 87,451 | $ 38,195 |
Unrealized Losses | $ (5,205) | $ (269) |
Held to Maturity: | ||
Number of positions, Less than 12 Months | security | 127 | 24 |
Fair Value, Less than 12 Months | $ 261,920 | $ 62,131 |
Unrealized Losses, Less than 12 Months | $ (26,786) | $ (685) |
Number of positions, 12 Months or More | security | 1 | 0 |
Fair Value, 12 Months or More | $ 1,699 | $ 0 |
Unrealized Losses, 12 Months or More | $ (183) | $ 0 |
Number of positions | security | 128 | 24 |
Fair Value | $ 263,619 | $ 62,131 |
Unrealized Losses | $ (26,969) | $ (685) |
Trust preferred securities | ||
Available for Sale: | ||
Number of positions, Less than 12 Months | security | 0 | |
Fair Value, Less than 12 Months | $ 0 | |
Unrealized Losses, Less than 12 Months | $ 0 | |
Number of positions, 12 Months or More | security | 0 | |
Fair value, 12 Months or More | $ 0 | |
Unrealized Losses, 12 Months or More | $ 0 | |
Number of positions | security | 0 | |
Fair Value | $ 0 | |
Unrealized Losses | $ 0 | |
Other debt securities | ||
Available for Sale: | ||
Number of positions, Less than 12 Months | security | 10 | 1 |
Fair Value, Less than 12 Months | $ 51,369 | $ 8,699 |
Unrealized Losses, Less than 12 Months | $ (1,991) | $ (148) |
Number of positions, 12 Months or More | security | 0 | 0 |
Fair value, 12 Months or More | $ 0 | $ 0 |
Unrealized Losses, 12 Months or More | $ 0 | $ 0 |
Number of positions | security | 10 | 1 |
Fair Value | $ 51,369 | $ 8,699 |
Unrealized Losses | $ (1,991) | $ (148) |
Held to Maturity: | ||
Number of positions, Less than 12 Months | security | 8 | 8 |
Fair Value, Less than 12 Months | $ 20,818 | $ 21,972 |
Unrealized Losses, Less than 12 Months | $ (1,120) | $ (79) |
Number of positions, 12 Months or More | security | 0 | 0 |
Fair Value, 12 Months or More | $ 0 | $ 0 |
Unrealized Losses, 12 Months or More | $ 0 | $ 0 |
Number of positions | security | 8 | 8 |
Fair Value | $ 20,818 | $ 21,972 |
Unrealized Losses | $ (1,120) | $ (79) |
Government agency mortgage backed securities | Residential mortgage backed securities: | ||
Available for Sale: | ||
Number of positions, Less than 12 Months | security | 80 | 41 |
Fair Value, Less than 12 Months | $ 761,484 | $ 727,546 |
Unrealized Losses, Less than 12 Months | $ (43,653) | $ (6,312) |
Number of positions, 12 Months or More | security | 6 | 1 |
Fair value, 12 Months or More | $ 49,651 | $ 12,305 |
Unrealized Losses, 12 Months or More | $ (4,840) | $ (504) |
Number of positions | security | 86 | 42 |
Fair Value | $ 811,135 | $ 739,851 |
Unrealized Losses | $ (48,493) | $ (6,816) |
Held to Maturity: | ||
Number of positions, Less than 12 Months | security | 55 | 50 |
Fair Value, Less than 12 Months | $ 86,842 | $ 53,560 |
Unrealized Losses, Less than 12 Months | $ (3,599) | $ (181) |
Number of positions, 12 Months or More | security | 1 | 1 |
Fair Value, 12 Months or More | $ 4,584 | $ 5,354 |
Unrealized Losses, 12 Months or More | $ (344) | $ (17) |
Number of positions | security | 56 | 51 |
Fair Value | $ 91,426 | $ 58,914 |
Unrealized Losses | $ (3,943) | $ (198) |
Government agency mortgage backed securities | Commercial mortgage backed securities: | ||
Available for Sale: | ||
Number of positions, Less than 12 Months | security | 3 | 1 |
Fair Value, Less than 12 Months | $ 10,481 | $ 1,791 |
Unrealized Losses, Less than 12 Months | $ (371) | $ (1) |
Number of positions, 12 Months or More | security | 1 | 1 |
Fair value, 12 Months or More | $ 425 | $ 432 |
Unrealized Losses, 12 Months or More | $ 0 | $ 0 |
Number of positions | security | 4 | 2 |
Fair Value | $ 10,906 | $ 2,223 |
Unrealized Losses | $ (371) | $ (1) |
Held to Maturity: | ||
Number of positions, Less than 12 Months | security | 1 | |
Fair Value, Less than 12 Months | $ 15,534 | |
Unrealized Losses, Less than 12 Months | $ (1,488) | |
Number of positions, 12 Months or More | security | 0 | |
Fair Value, 12 Months or More | $ 0 | |
Unrealized Losses, 12 Months or More | $ 0 | |
Number of positions | security | 1 | |
Fair Value | $ 15,534 | |
Unrealized Losses | $ (1,488) | |
Government agency collateralized mortgage obligations | Residential mortgage backed securities: | ||
Available for Sale: | ||
Number of positions, Less than 12 Months | security | 61 | 49 |
Fair Value, Less than 12 Months | $ 932,820 | $ 966,126 |
Unrealized Losses, Less than 12 Months | $ (74,437) | $ (20,371) |
Number of positions, 12 Months or More | security | 4 | 0 |
Fair value, 12 Months or More | $ 77,376 | $ 0 |
Unrealized Losses, 12 Months or More | $ (9,154) | $ 0 |
Number of positions | security | 65 | 49 |
Fair Value | $ 1,010,196 | $ 966,126 |
Unrealized Losses | $ (83,591) | $ (20,371) |
Held to Maturity: | ||
Number of positions, Less than 12 Months | security | 0 | 1 |
Fair Value, Less than 12 Months | $ 0 | $ 24,740 |
Unrealized Losses, Less than 12 Months | $ 0 | $ (92) |
Number of positions, 12 Months or More | security | 1 | 0 |
Fair Value, 12 Months or More | $ 21,499 | $ 0 |
Unrealized Losses, 12 Months or More | $ (1,904) | $ 0 |
Number of positions | security | 1 | 1 |
Fair Value | $ 21,499 | $ 24,740 |
Unrealized Losses | $ (1,904) | $ (92) |
Government agency collateralized mortgage obligations | Commercial mortgage backed securities: | ||
Available for Sale: | ||
Number of positions, Less than 12 Months | security | 24 | 21 |
Fair Value, Less than 12 Months | $ 150,009 | $ 160,919 |
Unrealized Losses, Less than 12 Months | $ (8,741) | $ (3,072) |
Number of positions, 12 Months or More | security | 7 | 2 |
Fair value, 12 Months or More | $ 40,496 | $ 9,005 |
Unrealized Losses, 12 Months or More | $ (4,111) | $ (347) |
Number of positions | security | 31 | 23 |
Fair Value | $ 190,505 | $ 169,924 |
Unrealized Losses | $ (12,852) | $ (3,419) |
Held to Maturity: | ||
Number of positions, Less than 12 Months | security | 6 | 7 |
Fair Value, Less than 12 Months | $ 31,380 | $ 39,388 |
Unrealized Losses, Less than 12 Months | $ (1,923) | $ (117) |
Number of positions, 12 Months or More | security | 1 | 0 |
Fair Value, 12 Months or More | $ 5,265 | $ 0 |
Unrealized Losses, 12 Months or More | $ (338) | $ 0 |
Number of positions | security | 7 | 7 |
Fair Value | $ 36,645 | $ 39,388 |
Unrealized Losses | $ (2,261) | $ (117) |
Non Purchased Loans - Summary o
Non Purchased Loans - Summary of Non-Purchased Loans and Leases (Details) - USD ($) $ in Thousands | Mar. 31, 2022 | Dec. 31, 2021 | Mar. 31, 2021 |
Summary of loans | |||
Gross loans | $ 10,318,571 | $ 10,024,981 | |
Unearned income | (5,112) | (4,067) | |
Loans, net of unearned income | 10,313,459 | 10,020,914 | $ 10,688,408 |
Commercial, financial, agricultural | |||
Summary of loans | |||
Gross loans | 1,445,607 | 1,423,270 | |
Loans, net of unearned income | 1,445,607 | 2,249,287 | |
Lease financing | |||
Summary of loans | |||
Gross loans | 94,954 | 80,192 | |
Loans, net of unearned income | 89,842 | 75,256 | |
Real estate – construction: | |||
Summary of loans | |||
Gross loans | 1,222,052 | 1,104,896 | |
Loans, net of unearned income | 1,222,052 | 955,918 | |
Real estate – construction: | Residential | |||
Summary of loans | |||
Gross loans | 306,655 | 302,275 | |
Real estate – construction: | Commercial | |||
Summary of loans | |||
Gross loans | 915,397 | 802,621 | |
Real estate – 1-4 family mortgage: | |||
Summary of loans | |||
Gross loans | 2,840,979 | 2,724,246 | |
Loans, net of unearned income | 2,840,979 | 2,686,061 | |
Real estate – 1-4 family mortgage: | Primary | |||
Summary of loans | |||
Gross loans | 1,925,813 | 1,816,120 | |
Real estate – 1-4 family mortgage: | Home equity | |||
Summary of loans | |||
Gross loans | 470,665 | 474,604 | |
Real estate – 1-4 family mortgage: | Rental/investment | |||
Summary of loans | |||
Gross loans | 292,811 | 288,474 | |
Real estate – 1-4 family mortgage: | Land development | |||
Summary of loans | |||
Gross loans | 151,690 | 145,048 | |
Real estate – commercial mortgage: | |||
Summary of loans | |||
Gross loans | 4,577,864 | 4,549,037 | |
Loans, net of unearned income | 4,577,864 | 4,549,027 | |
Real estate – commercial mortgage: | Land development | |||
Summary of loans | |||
Gross loans | 132,055 | 128,739 | |
Real estate – commercial mortgage: | Owner-occupied | |||
Summary of loans | |||
Gross loans | 1,538,693 | 1,563,351 | |
Real estate – commercial mortgage: | Non-owner occupied | |||
Summary of loans | |||
Gross loans | 2,907,116 | 2,856,947 | |
Installment loans to individuals | |||
Summary of loans | |||
Gross loans | 137,115 | 143,340 | |
Loans, net of unearned income | 137,115 | $ 172,859 | |
Non purchased loans and leases | |||
Summary of loans | |||
Gross loans | 9,344,002 | 9,015,078 | |
Unearned income | (5,112) | (4,067) | |
Loans, net of unearned income | 9,338,890 | 9,011,011 | |
Non purchased loans and leases | Paycheck Protection Program | |||
Summary of loans | |||
Loans, net of unearned income | 8,382 | 58,391 | |
Non purchased loans and leases | Commercial, financial, agricultural | |||
Summary of loans | |||
Gross loans | 1,336,239 | 1,332,962 | |
Non purchased loans and leases | Lease financing | |||
Summary of loans | |||
Gross loans | 94,954 | 80,192 | |
Non purchased loans and leases | Real estate – construction: | |||
Summary of loans | |||
Gross loans | 1,216,928 | 1,099,902 | |
Non purchased loans and leases | Real estate – construction: | Residential | |||
Summary of loans | |||
Gross loans | 305,396 | 300,988 | |
Non purchased loans and leases | Real estate – construction: | Commercial | |||
Summary of loans | |||
Gross loans | 911,532 | 798,914 | |
Non purchased loans and leases | Real estate – 1-4 family mortgage: | |||
Summary of loans | |||
Gross loans | 2,644,587 | 2,508,473 | |
Non purchased loans and leases | Real estate – 1-4 family mortgage: | Primary | |||
Summary of loans | |||
Gross loans | 1,803,750 | 1,682,050 | |
Non purchased loans and leases | Real estate – 1-4 family mortgage: | Home equity | |||
Summary of loans | |||
Gross loans | 424,426 | 423,108 | |
Non purchased loans and leases | Real estate – 1-4 family mortgage: | Rental/investment | |||
Summary of loans | |||
Gross loans | 274,117 | 268,245 | |
Non purchased loans and leases | Real estate – 1-4 family mortgage: | Land development | |||
Summary of loans | |||
Gross loans | 142,294 | 135,070 | |
Non purchased loans and leases | Real estate – 1-4 family mortgage: | Land development | |||
Summary of loans | |||
Gross loans | 142,294 | 135,070 | |
Non purchased loans and leases | Real estate – commercial mortgage: | |||
Summary of loans | |||
Gross loans | 3,945,540 | 3,885,984 | |
Non purchased loans and leases | Real estate – commercial mortgage: | Owner-occupied | |||
Summary of loans | |||
Gross loans | 1,318,446 | 1,329,219 | |
Non purchased loans and leases | Real estate – commercial mortgage: | Non-owner occupied | |||
Summary of loans | |||
Gross loans | 2,510,981 | 2,446,370 | |
Non purchased loans and leases | Real estate – commercial mortgage: | Land development | |||
Summary of loans | |||
Gross loans | 116,113 | 110,395 | |
Non purchased loans and leases | Installment loans to individuals | |||
Summary of loans | |||
Gross loans | $ 105,754 | $ 107,565 |
Non Purchased Loans - Narrative
Non Purchased Loans - Narrative (Details) | 3 Months Ended | |||
Mar. 31, 2022USD ($)loan | Mar. 31, 2021USD ($)loan | Dec. 31, 2021USD ($) | Dec. 31, 2020USD ($) | |
Loans and Allowance for Loan Losses (Additional Textual) [Abstract] | ||||
Outstanding balance of restructured loans | $ 10,146,991,000 | $ 9,856,743,000 | ||
Allowance for loan losses attributable to restructured loans | $ 166,468,000 | $ 173,106,000 | $ 164,171,000 | $ 176,144,000 |
Non purchased loans and leases | ||||
Loans and Allowance for Loan Losses (Additional Textual) [Abstract] | ||||
Mortgage and commercial loans discontinued past due period | 90 days | |||
Consumer and other retail loans charged-off past due period | 120 days | |||
Nonperforming loans charged-off past due period | 90 days | |||
Number of restructured loans | loan | 0 | 0 | ||
Restructured loans discontinued past due period | 90 days | 90 days | ||
Remaining availability under commitments to lend additional funds on restructured loans | $ 305,000 | $ 305,000 | ||
Number of loan modifications | loan | 8 | 4 | ||
Modified loans, balance | $ 7,365,000 | $ 1,269,000 | ||
Non purchased loans and leases | Restructured loans | ||||
Loans and Allowance for Loan Losses (Additional Textual) [Abstract] | ||||
Outstanding balance of restructured loans | 15,267,000 | 5,965,000 | ||
Allowance for loan losses attributable to restructured loans | $ 646,000 | $ 328,000 |
Non Purchased Loans - Aging of
Non Purchased Loans - Aging of Past Due and Nonaccrual Loans (Details) - USD ($) $ in Thousands | Mar. 31, 2022 | Dec. 31, 2021 | Mar. 31, 2021 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | $ 10,318,571 | $ 10,024,981 | |
Unearned income | (5,112) | (4,067) | |
Loans, net of unearned income | 10,313,459 | 10,020,914 | $ 10,688,408 |
Commercial, financial, agricultural | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 1,445,607 | 1,423,270 | |
Loans, net of unearned income | 1,445,607 | 2,249,287 | |
Lease financing | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 94,954 | 80,192 | |
Loans, net of unearned income | 89,842 | 75,256 | |
Real estate – construction: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 1,222,052 | 1,104,896 | |
Loans, net of unearned income | 1,222,052 | 955,918 | |
Real estate – 1-4 family mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 2,840,979 | 2,724,246 | |
Loans, net of unearned income | 2,840,979 | 2,686,061 | |
Real estate – commercial mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 4,577,864 | 4,549,037 | |
Loans, net of unearned income | 4,577,864 | 4,549,027 | |
Installment loans to individuals | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 137,115 | 143,340 | |
Loans, net of unearned income | 137,115 | $ 172,859 | |
Residential | Real estate – construction: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 306,655 | 302,275 | |
Commercial | Real estate – construction: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 915,397 | 802,621 | |
Primary | Real estate – 1-4 family mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 1,925,813 | 1,816,120 | |
Home equity | Real estate – 1-4 family mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 470,665 | 474,604 | |
Rental/investment | Real estate – 1-4 family mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 292,811 | 288,474 | |
Owner-occupied | Real estate – commercial mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 1,538,693 | 1,563,351 | |
Non-owner occupied | Real estate – commercial mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 2,907,116 | 2,856,947 | |
Non purchased loans and leases | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 9,344,002 | 9,015,078 | |
Unearned income | (5,112) | (4,067) | |
Loans, net of unearned income | 9,338,890 | 9,011,011 | |
Non purchased loans and leases | Commercial, financial, agricultural | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 1,336,239 | 1,332,962 | |
Non purchased loans and leases | Lease financing | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 94,954 | 80,192 | |
Non purchased loans and leases | Real estate – construction: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 1,216,928 | 1,099,902 | |
Non purchased loans and leases | Real estate – 1-4 family mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 2,644,587 | 2,508,473 | |
Non purchased loans and leases | Real estate – commercial mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 3,945,540 | 3,885,984 | |
Non purchased loans and leases | Installment loans to individuals | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 105,754 | 107,565 | |
Non purchased loans and leases | Accruing Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Unearned income | (5,112) | (4,067) | |
Loans, net of unearned income | 9,306,317 | 8,980,260 | |
Non purchased loans and leases | Accruing Loans | Commercial, financial, agricultural | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 1,331,278 | 1,327,202 | |
Non purchased loans and leases | Accruing Loans | Lease financing | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 94,954 | 80,181 | |
Non purchased loans and leases | Accruing Loans | Real estate – construction: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 1,216,928 | 1,099,902 | |
Non purchased loans and leases | Accruing Loans | Real estate – 1-4 family mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 2,626,809 | 2,492,289 | |
Non purchased loans and leases | Accruing Loans | Real estate – commercial mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 3,935,973 | 3,877,445 | |
Non purchased loans and leases | Accruing Loans | Installment loans to individuals | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 105,487 | 107,308 | |
Non purchased loans and leases | Nonaccruing Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Unearned income | 0 | ||
Loans, net of unearned income | 32,573 | 30,751 | |
Non purchased loans and leases | Nonaccruing Loans | Commercial, financial, agricultural | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 4,961 | 5,760 | |
Non purchased loans and leases | Nonaccruing Loans | Lease financing | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 0 | 11 | |
Non purchased loans and leases | Nonaccruing Loans | Real estate – construction: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 0 | 0 | |
Non purchased loans and leases | Nonaccruing Loans | Real estate – 1-4 family mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 17,778 | 16,184 | |
Non purchased loans and leases | Nonaccruing Loans | Real estate – commercial mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 9,567 | 8,539 | |
Non purchased loans and leases | Nonaccruing Loans | Installment loans to individuals | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 267 | 257 | |
Non purchased loans and leases | 30-89 Days Past Due | Accruing Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 27,230 | 23,921 | |
Non purchased loans and leases | 30-89 Days Past Due | Accruing Loans | Commercial, financial, agricultural | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 1,519 | 3,325 | |
Non purchased loans and leases | 30-89 Days Past Due | Accruing Loans | Lease financing | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 0 | 0 | |
Non purchased loans and leases | 30-89 Days Past Due | Accruing Loans | Real estate – construction: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 1,857 | 1,077 | |
Non purchased loans and leases | 30-89 Days Past Due | Accruing Loans | Real estate – 1-4 family mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 19,699 | 17,085 | |
Non purchased loans and leases | 30-89 Days Past Due | Accruing Loans | Real estate – commercial mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 3,481 | 1,456 | |
Non purchased loans and leases | 30-89 Days Past Due | Accruing Loans | Installment loans to individuals | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 674 | 978 | |
Non purchased loans and leases | 30-89 Days Past Due | Nonaccruing Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 7,639 | 3,964 | |
Non purchased loans and leases | 30-89 Days Past Due | Nonaccruing Loans | Commercial, financial, agricultural | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 739 | 1,669 | |
Non purchased loans and leases | 30-89 Days Past Due | Nonaccruing Loans | Lease financing | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 0 | 0 | |
Non purchased loans and leases | 30-89 Days Past Due | Nonaccruing Loans | Real estate – construction: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 0 | 0 | |
Non purchased loans and leases | 30-89 Days Past Due | Nonaccruing Loans | Real estate – 1-4 family mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 4,088 | 2,102 | |
Non purchased loans and leases | 30-89 Days Past Due | Nonaccruing Loans | Real estate – commercial mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 2,809 | 163 | |
Non purchased loans and leases | 30-89 Days Past Due | Nonaccruing Loans | Installment loans to individuals | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 3 | 30 | |
Non purchased loans and leases | 90 Days or More Past Due | Accruing Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 209 | 1,074 | |
Non purchased loans and leases | 90 Days or More Past Due | Accruing Loans | Commercial, financial, agricultural | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 77 | 103 | |
Non purchased loans and leases | 90 Days or More Past Due | Accruing Loans | Lease financing | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 0 | 0 | |
Non purchased loans and leases | 90 Days or More Past Due | Accruing Loans | Real estate – construction: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 0 | 0 | |
Non purchased loans and leases | 90 Days or More Past Due | Accruing Loans | Real estate – 1-4 family mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 132 | 834 | |
Non purchased loans and leases | 90 Days or More Past Due | Accruing Loans | Real estate – commercial mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 0 | 125 | |
Non purchased loans and leases | 90 Days or More Past Due | Accruing Loans | Installment loans to individuals | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 0 | 12 | |
Non purchased loans and leases | 90 Days or More Past Due | Nonaccruing Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 12,590 | 13,462 | |
Non purchased loans and leases | 90 Days or More Past Due | Nonaccruing Loans | Commercial, financial, agricultural | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 2,875 | 2,665 | |
Non purchased loans and leases | 90 Days or More Past Due | Nonaccruing Loans | Lease financing | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 0 | 11 | |
Non purchased loans and leases | 90 Days or More Past Due | Nonaccruing Loans | Real estate – construction: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 0 | 0 | |
Non purchased loans and leases | 90 Days or More Past Due | Nonaccruing Loans | Real estate – 1-4 family mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 8,595 | 9,577 | |
Non purchased loans and leases | 90 Days or More Past Due | Nonaccruing Loans | Real estate – commercial mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 1,100 | 1,114 | |
Non purchased loans and leases | 90 Days or More Past Due | Nonaccruing Loans | Installment loans to individuals | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 20 | 95 | |
Non purchased loans and leases | Current Loans | Accruing Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Unearned income | (5,112) | (4,067) | |
Loans, net of unearned income | 9,278,878 | 8,955,265 | |
Non purchased loans and leases | Current Loans | Accruing Loans | Commercial, financial, agricultural | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 1,329,682 | 1,323,774 | |
Non purchased loans and leases | Current Loans | Accruing Loans | Lease financing | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 94,954 | 80,181 | |
Non purchased loans and leases | Current Loans | Accruing Loans | Real estate – construction: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 1,215,071 | 1,098,825 | |
Non purchased loans and leases | Current Loans | Accruing Loans | Real estate – 1-4 family mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 2,606,978 | 2,474,370 | |
Non purchased loans and leases | Current Loans | Accruing Loans | Real estate – commercial mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 3,932,492 | 3,875,864 | |
Non purchased loans and leases | Current Loans | Accruing Loans | Installment loans to individuals | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 104,813 | 106,318 | |
Non purchased loans and leases | Current Loans | Nonaccruing Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 12,344 | 13,325 | |
Non purchased loans and leases | Current Loans | Nonaccruing Loans | Commercial, financial, agricultural | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 1,347 | 1,426 | |
Non purchased loans and leases | Current Loans | Nonaccruing Loans | Lease financing | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 0 | 0 | |
Non purchased loans and leases | Current Loans | Nonaccruing Loans | Real estate – construction: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 0 | 0 | |
Non purchased loans and leases | Current Loans | Nonaccruing Loans | Real estate – 1-4 family mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 5,095 | 4,505 | |
Non purchased loans and leases | Current Loans | Nonaccruing Loans | Real estate – commercial mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 5,658 | 7,262 | |
Non purchased loans and leases | Current Loans | Nonaccruing Loans | Installment loans to individuals | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 244 | 132 | |
Non purchased loans and leases | Residential | Real estate – construction: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 305,396 | 300,988 | |
Non purchased loans and leases | Residential | Accruing Loans | Real estate – construction: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 305,396 | 300,988 | |
Non purchased loans and leases | Residential | Nonaccruing Loans | Real estate – construction: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 0 | 0 | |
Non purchased loans and leases | Residential | 30-89 Days Past Due | Accruing Loans | Real estate – construction: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 1,857 | 1,077 | |
Non purchased loans and leases | Residential | 30-89 Days Past Due | Nonaccruing Loans | Real estate – construction: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 0 | 0 | |
Non purchased loans and leases | Residential | 90 Days or More Past Due | Accruing Loans | Real estate – construction: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 0 | 0 | |
Non purchased loans and leases | Residential | 90 Days or More Past Due | Nonaccruing Loans | Real estate – construction: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 0 | 0 | |
Non purchased loans and leases | Residential | Current Loans | Accruing Loans | Real estate – construction: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 303,539 | 299,911 | |
Non purchased loans and leases | Residential | Current Loans | Nonaccruing Loans | Real estate – construction: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 0 | 0 | |
Non purchased loans and leases | Commercial | Real estate – construction: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 911,532 | 798,914 | |
Non purchased loans and leases | Commercial | Accruing Loans | Real estate – construction: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 911,532 | 798,914 | |
Non purchased loans and leases | Commercial | Nonaccruing Loans | Real estate – construction: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 0 | 0 | |
Non purchased loans and leases | Commercial | 30-89 Days Past Due | Accruing Loans | Real estate – construction: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 0 | 0 | |
Non purchased loans and leases | Commercial | 30-89 Days Past Due | Nonaccruing Loans | Real estate – construction: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 0 | 0 | |
Non purchased loans and leases | Commercial | 90 Days or More Past Due | Accruing Loans | Real estate – construction: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 0 | 0 | |
Non purchased loans and leases | Commercial | 90 Days or More Past Due | Nonaccruing Loans | Real estate – construction: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 0 | 0 | |
Non purchased loans and leases | Commercial | Current Loans | Accruing Loans | Real estate – construction: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 911,532 | 798,914 | |
Non purchased loans and leases | Commercial | Current Loans | Nonaccruing Loans | Real estate – construction: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 0 | 0 | |
Non purchased loans and leases | Primary | Real estate – 1-4 family mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 1,803,750 | 1,682,050 | |
Non purchased loans and leases | Primary | Accruing Loans | Real estate – 1-4 family mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 1,788,658 | 1,668,114 | |
Non purchased loans and leases | Primary | Nonaccruing Loans | Real estate – 1-4 family mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 15,092 | 13,936 | |
Non purchased loans and leases | Primary | 30-89 Days Past Due | Accruing Loans | Real estate – 1-4 family mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 16,852 | 14,785 | |
Non purchased loans and leases | Primary | 30-89 Days Past Due | Nonaccruing Loans | Real estate – 1-4 family mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 4,018 | 1,920 | |
Non purchased loans and leases | Primary | 90 Days or More Past Due | Accruing Loans | Real estate – 1-4 family mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 0 | 389 | |
Non purchased loans and leases | Primary | 90 Days or More Past Due | Nonaccruing Loans | Real estate – 1-4 family mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 6,812 | 8,195 | |
Non purchased loans and leases | Primary | Current Loans | Accruing Loans | Real estate – 1-4 family mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 1,771,806 | 1,652,940 | |
Non purchased loans and leases | Primary | Current Loans | Nonaccruing Loans | Real estate – 1-4 family mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 4,262 | 3,821 | |
Non purchased loans and leases | Home equity | Real estate – 1-4 family mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 424,426 | 423,108 | |
Non purchased loans and leases | Home equity | Accruing Loans | Real estate – 1-4 family mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 422,980 | 422,163 | |
Non purchased loans and leases | Home equity | Nonaccruing Loans | Real estate – 1-4 family mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 1,446 | 945 | |
Non purchased loans and leases | Home equity | 30-89 Days Past Due | Accruing Loans | Real estate – 1-4 family mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 1,953 | 1,468 | |
Non purchased loans and leases | Home equity | 30-89 Days Past Due | Nonaccruing Loans | Real estate – 1-4 family mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 54 | 182 | |
Non purchased loans and leases | Home equity | 90 Days or More Past Due | Accruing Loans | Real estate – 1-4 family mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 32 | 0 | |
Non purchased loans and leases | Home equity | 90 Days or More Past Due | Nonaccruing Loans | Real estate – 1-4 family mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 1,012 | 546 | |
Non purchased loans and leases | Home equity | Current Loans | Accruing Loans | Real estate – 1-4 family mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 420,995 | 420,695 | |
Non purchased loans and leases | Home equity | Current Loans | Nonaccruing Loans | Real estate – 1-4 family mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 380 | 217 | |
Non purchased loans and leases | Rental/investment | Real estate – 1-4 family mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 274,117 | 268,245 | |
Non purchased loans and leases | Rental/investment | Accruing Loans | Real estate – 1-4 family mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 273,398 | 267,199 | |
Non purchased loans and leases | Rental/investment | Nonaccruing Loans | Real estate – 1-4 family mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 719 | 1,046 | |
Non purchased loans and leases | Rental/investment | 30-89 Days Past Due | Accruing Loans | Real estate – 1-4 family mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 562 | 401 | |
Non purchased loans and leases | Rental/investment | 30-89 Days Past Due | Nonaccruing Loans | Real estate – 1-4 family mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 16 | 0 | |
Non purchased loans and leases | Rental/investment | 90 Days or More Past Due | Accruing Loans | Real estate – 1-4 family mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 100 | 445 | |
Non purchased loans and leases | Rental/investment | 90 Days or More Past Due | Nonaccruing Loans | Real estate – 1-4 family mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 438 | 771 | |
Non purchased loans and leases | Rental/investment | Current Loans | Accruing Loans | Real estate – 1-4 family mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 272,736 | 266,353 | |
Non purchased loans and leases | Rental/investment | Current Loans | Nonaccruing Loans | Real estate – 1-4 family mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 265 | 275 | |
Non purchased loans and leases | Land development | Real estate – 1-4 family mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 142,294 | 135,070 | |
Non purchased loans and leases | Land development | Real estate – commercial mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 116,113 | 110,395 | |
Non purchased loans and leases | Land development | Accruing Loans | Real estate – 1-4 family mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 141,773 | 134,813 | |
Non purchased loans and leases | Land development | Accruing Loans | Real estate – commercial mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 115,784 | 110,051 | |
Non purchased loans and leases | Land development | Nonaccruing Loans | Real estate – 1-4 family mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 521 | 257 | |
Non purchased loans and leases | Land development | Nonaccruing Loans | Real estate – commercial mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 329 | 344 | |
Non purchased loans and leases | Land development | 30-89 Days Past Due | Accruing Loans | Real estate – 1-4 family mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 332 | 431 | |
Non purchased loans and leases | Land development | 30-89 Days Past Due | Accruing Loans | Real estate – commercial mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 202 | 476 | |
Non purchased loans and leases | Land development | 30-89 Days Past Due | Nonaccruing Loans | Real estate – 1-4 family mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 0 | 0 | |
Non purchased loans and leases | Land development | 30-89 Days Past Due | Nonaccruing Loans | Real estate – commercial mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 0 | 0 | |
Non purchased loans and leases | Land development | 90 Days or More Past Due | Accruing Loans | Real estate – 1-4 family mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 0 | 0 | |
Non purchased loans and leases | Land development | 90 Days or More Past Due | Accruing Loans | Real estate – commercial mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 0 | 0 | |
Non purchased loans and leases | Land development | 90 Days or More Past Due | Nonaccruing Loans | Real estate – 1-4 family mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 333 | 65 | |
Non purchased loans and leases | Land development | 90 Days or More Past Due | Nonaccruing Loans | Real estate – commercial mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 292 | 292 | |
Non purchased loans and leases | Land development | Current Loans | Accruing Loans | Real estate – 1-4 family mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 141,441 | 134,382 | |
Non purchased loans and leases | Land development | Current Loans | Accruing Loans | Real estate – commercial mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 115,582 | 109,575 | |
Non purchased loans and leases | Land development | Current Loans | Nonaccruing Loans | Real estate – 1-4 family mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 188 | 192 | |
Non purchased loans and leases | Land development | Current Loans | Nonaccruing Loans | Real estate – commercial mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 37 | 52 | |
Non purchased loans and leases | Owner-occupied | Real estate – commercial mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 1,318,446 | 1,329,219 | |
Non purchased loans and leases | Owner-occupied | Accruing Loans | Real estate – commercial mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 1,314,829 | 1,326,532 | |
Non purchased loans and leases | Owner-occupied | Nonaccruing Loans | Real estate – commercial mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 3,617 | 2,687 | |
Non purchased loans and leases | Owner-occupied | 30-89 Days Past Due | Accruing Loans | Real estate – commercial mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 2,617 | 720 | |
Non purchased loans and leases | Owner-occupied | 30-89 Days Past Due | Nonaccruing Loans | Real estate – commercial mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 2,809 | 163 | |
Non purchased loans and leases | Owner-occupied | 90 Days or More Past Due | Accruing Loans | Real estate – commercial mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 0 | 36 | |
Non purchased loans and leases | Owner-occupied | 90 Days or More Past Due | Nonaccruing Loans | Real estate – commercial mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 808 | 822 | |
Non purchased loans and leases | Owner-occupied | Current Loans | Accruing Loans | Real estate – commercial mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 1,312,212 | 1,325,776 | |
Non purchased loans and leases | Owner-occupied | Current Loans | Nonaccruing Loans | Real estate – commercial mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 0 | 1,702 | |
Non purchased loans and leases | Non-owner occupied | Real estate – commercial mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 2,510,981 | 2,446,370 | |
Non purchased loans and leases | Non-owner occupied | Accruing Loans | Real estate – commercial mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 2,505,360 | 2,440,862 | |
Non purchased loans and leases | Non-owner occupied | Nonaccruing Loans | Real estate – commercial mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 5,621 | 5,508 | |
Non purchased loans and leases | Non-owner occupied | 30-89 Days Past Due | Accruing Loans | Real estate – commercial mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 662 | 260 | |
Non purchased loans and leases | Non-owner occupied | 30-89 Days Past Due | Nonaccruing Loans | Real estate – commercial mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 0 | 0 | |
Non purchased loans and leases | Non-owner occupied | 90 Days or More Past Due | Accruing Loans | Real estate – commercial mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 0 | 89 | |
Non purchased loans and leases | Non-owner occupied | 90 Days or More Past Due | Nonaccruing Loans | Real estate – commercial mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 0 | 0 | |
Non purchased loans and leases | Non-owner occupied | Current Loans | Accruing Loans | Real estate – commercial mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | 2,504,698 | 2,440,513 | |
Non purchased loans and leases | Non-owner occupied | Current Loans | Nonaccruing Loans | Real estate – commercial mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans | $ 5,621 | $ 5,508 |
Non Purchased Loans - Impact of
Non Purchased Loans - Impact of Modifications Classified as Restructured Loans (Details) - Non purchased loans and leases $ in Thousands | 3 Months Ended | |
Mar. 31, 2022USD ($)loan | Mar. 31, 2021USD ($)loan | |
Restructured loans | ||
Number of Loans | loan | 8 | 4 |
Pre- Modification Amortized Cost | $ 7,365 | $ 1,269 |
Post- Modification Amortized Cost | $ 7,373 | $ 1,245 |
Real estate – 1-4 family mortgage: | Primary | ||
Restructured loans | ||
Number of Loans | loan | 7 | 3 |
Pre- Modification Amortized Cost | $ 865 | $ 432 |
Post- Modification Amortized Cost | $ 873 | $ 435 |
Real estate – commercial mortgage: | Owner-occupied | ||
Restructured loans | ||
Number of Loans | loan | 1 | |
Pre- Modification Amortized Cost | $ 6,500 | |
Post- Modification Amortized Cost | $ 6,500 | |
Real estate – commercial mortgage: | Non-owner occupied | ||
Restructured loans | ||
Number of Loans | loan | 1 | |
Pre- Modification Amortized Cost | $ 837 | |
Post- Modification Amortized Cost | $ 810 |
Non Purchased Loans - Changes i
Non Purchased Loans - Changes in Restructured Loans (Details) - Non purchased loans and leases $ in Thousands | 3 Months Ended |
Mar. 31, 2022USD ($)loan | |
Changes in restructured loans [Roll Forward] | |
Total, beginning balance | loan | 97 |
Additional advances or loans with concessions | loan | 8 |
Reductions due to: | |
Reclassified as nonperforming | loan | (4) |
Paid in full | loan | (5) |
Principal paydowns | loan | 0 |
Total, ending balance | loan | 96 |
Recorded Investment | |
Total, beginning balance | $ | $ 14,650 |
Additional advances or loans with concessions | $ | 7,403 |
Reductions due to: | |
Reclassified as nonperforming | $ | (452) |
Paid in full | $ | (530) |
Principal paydowns | $ | (91) |
Total, ending balance | $ | $ 20,980 |
Non Purchased Loans - Loan Port
Non Purchased Loans - Loan Portfolio by Risk-Rating Grades (Details) - USD ($) $ in Thousands | Mar. 31, 2022 | Dec. 31, 2021 | Mar. 31, 2021 |
Loan portfolio by risk-rating grades | |||
Loans, net of unearned income | $ 10,313,459 | $ 10,020,914 | $ 10,688,408 |
Commercial, financial, agricultural | |||
Loan portfolio by risk-rating grades | |||
Loans, net of unearned income | 1,445,607 | 2,249,287 | |
Lease Financing Receivables | |||
Loan portfolio by risk-rating grades | |||
Loans, net of unearned income | 89,842 | 75,256 | |
Real estate – construction: | |||
Loan portfolio by risk-rating grades | |||
Loans, net of unearned income | 1,222,052 | 955,918 | |
Real estate – 1-4 family mortgage: | |||
Loan portfolio by risk-rating grades | |||
Loans, net of unearned income | 2,840,979 | 2,686,061 | |
Real estate – commercial mortgage: | |||
Loan portfolio by risk-rating grades | |||
Loans, net of unearned income | 4,577,864 | 4,549,027 | |
Installment loans to individuals | |||
Loan portfolio by risk-rating grades | |||
Loans, net of unearned income | 137,115 | $ 172,859 | |
Non purchased loans and leases | |||
Loan portfolio by risk-rating grades | |||
Loans, net of unearned income | 9,338,890 | 9,011,011 | |
Non purchased loans and leases | Subject to Credit Risk Assessment | |||
Loan portfolio by risk-rating grades | |||
Current year | 764,739 | 2,135,373 | |
Prior year | 2,059,517 | 1,537,221 | |
Two years prior | 1,381,960 | 1,037,507 | |
Three years prior | 916,904 | 433,479 | |
Four years prior | 390,402 | 342,368 | |
Prior | 632,131 | 396,601 | |
Revolving Loans | 744,319 | 734,377 | |
Revolving Loans Converted to Term | 25,866 | 27,770 | |
Loans, net of unearned income | 6,915,838 | 6,644,696 | |
Non purchased loans and leases | Pass | |||
Loan portfolio by risk-rating grades | |||
Current year | 761,788 | 2,120,941 | |
Prior year | 2,046,632 | 1,524,037 | |
Two years prior | 1,371,508 | 1,019,102 | |
Three years prior | 900,273 | 421,558 | |
Four years prior | 386,756 | 282,737 | |
Prior | 550,572 | 372,065 | |
Revolving Loans | 742,129 | 730,279 | |
Revolving Loans Converted to Term | 23,890 | 25,303 | |
Loans, net of unearned income | 6,783,548 | 6,496,022 | |
Non purchased loans and leases | Special Mention | |||
Loan portfolio by risk-rating grades | |||
Current year | 89 | 12,885 | |
Prior year | 11,339 | 10,310 | |
Two years prior | 0 | 13,154 | |
Three years prior | 11,863 | 7,561 | |
Four years prior | 272 | 35,514 | |
Prior | 28,185 | 9,548 | |
Revolving Loans | 601 | 651 | |
Revolving Loans Converted to Term | 932 | 1,712 | |
Loans, net of unearned income | 53,281 | 91,335 | |
Non purchased loans and leases | Substandard | |||
Loan portfolio by risk-rating grades | |||
Current year | 2,862 | 1,547 | |
Prior year | 1,546 | 2,874 | |
Two years prior | 10,452 | 5,251 | |
Three years prior | 4,768 | 4,360 | |
Four years prior | 3,374 | 24,117 | |
Prior | 53,374 | 14,988 | |
Revolving Loans | 1,589 | 3,447 | |
Revolving Loans Converted to Term | 1,044 | 755 | |
Loans, net of unearned income | 79,009 | 57,339 | |
Non purchased loans and leases | Not Subject to Credit Risk Assessment | |||
Loan portfolio by risk-rating grades | |||
Current year | 223,260 | 687,705 | |
Prior year | 688,497 | 474,103 | |
Two years prior | 411,002 | 247,329 | |
Three years prior | 206,038 | 171,766 | |
Four years prior | 150,088 | 122,241 | |
Prior | 292,849 | 219,586 | |
Revolving Loans | 448,311 | 440,773 | |
Revolving Loans Converted to Term | 3,007 | 2,812 | |
Loans, net of unearned income | 2,423,052 | 2,366,315 | |
Non purchased loans and leases | Performing Loans | Not Subject to Credit Risk Assessment | |||
Loan portfolio by risk-rating grades | |||
Current year | 223,147 | 687,026 | |
Prior year | 687,993 | 473,004 | |
Two years prior | 409,386 | 244,736 | |
Three years prior | 203,530 | 166,685 | |
Four years prior | 145,222 | 120,117 | |
Prior | 286,926 | 216,292 | |
Revolving Loans | 447,490 | 440,078 | |
Revolving Loans Converted to Term | 2,450 | 2,635 | |
Loans, net of unearned income | 2,406,144 | 2,350,573 | |
Non purchased loans and leases | Non-Performing Loans | Not Subject to Credit Risk Assessment | |||
Loan portfolio by risk-rating grades | |||
Current year | 113 | 679 | |
Prior year | 504 | 1,099 | |
Two years prior | 1,616 | 2,593 | |
Three years prior | 2,508 | 5,081 | |
Four years prior | 4,866 | 2,124 | |
Prior | 5,923 | 3,294 | |
Revolving Loans | 821 | 695 | |
Revolving Loans Converted to Term | 557 | 177 | |
Loans, net of unearned income | 16,908 | 15,742 | |
Non purchased loans and leases | Commercial | Not Subject to Credit Risk Assessment | |||
Loan portfolio by risk-rating grades | |||
Current year | 0 | ||
Prior year | 0 | ||
Two years prior | 0 | ||
Three years prior | 0 | ||
Four years prior | 0 | ||
Prior | 0 | ||
Revolving Loans | 0 | ||
Revolving Loans Converted to Term | 0 | ||
Loans, net of unearned income | 0 | ||
Non purchased loans and leases | Commercial | Performing Loans | Not Subject to Credit Risk Assessment | |||
Loan portfolio by risk-rating grades | |||
Current year | 0 | ||
Prior year | 0 | ||
Two years prior | 0 | ||
Three years prior | 0 | ||
Four years prior | 0 | ||
Prior | 0 | ||
Revolving Loans | 0 | ||
Revolving Loans Converted to Term | 0 | ||
Loans, net of unearned income | 0 | ||
Non purchased loans and leases | Commercial | Non-Performing Loans | Not Subject to Credit Risk Assessment | |||
Loan portfolio by risk-rating grades | |||
Current year | 0 | ||
Prior year | 0 | ||
Two years prior | 0 | ||
Three years prior | 0 | ||
Four years prior | 0 | ||
Prior | 0 | ||
Revolving Loans | 0 | ||
Revolving Loans Converted to Term | 0 | ||
Loans, net of unearned income | 0 | ||
Non purchased loans and leases | Commercial, financial, agricultural | Subject to Credit Risk Assessment | |||
Loan portfolio by risk-rating grades | |||
Current year | 96,762 | 300,748 | |
Prior year | 276,836 | 245,940 | |
Two years prior | 184,316 | 122,350 | |
Three years prior | 105,812 | 44,533 | |
Four years prior | 39,160 | 15,384 | |
Prior | 21,356 | 11,103 | |
Revolving Loans | 573,245 | 557,628 | |
Revolving Loans Converted to Term | 4,504 | 2,757 | |
Loans, net of unearned income | 1,301,991 | 1,300,443 | |
Non purchased loans and leases | Commercial, financial, agricultural | Pass | |||
Loan portfolio by risk-rating grades | |||
Current year | 96,208 | 299,731 | |
Prior year | 275,666 | 245,657 | |
Two years prior | 176,524 | 120,102 | |
Three years prior | 105,294 | 43,042 | |
Four years prior | 37,590 | 14,603 | |
Prior | 20,606 | 8,605 | |
Revolving Loans | 571,066 | 553,541 | |
Revolving Loans Converted to Term | 3,497 | 2,002 | |
Loans, net of unearned income | 1,286,451 | 1,287,283 | |
Non purchased loans and leases | Commercial, financial, agricultural | Special Mention | |||
Loan portfolio by risk-rating grades | |||
Current year | 89 | 0 | |
Prior year | 0 | 136 | |
Two years prior | 0 | 1,798 | |
Three years prior | 194 | 281 | |
Four years prior | 272 | 605 | |
Prior | 0 | 1,196 | |
Revolving Loans | 601 | 651 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 1,156 | 4,667 | |
Non purchased loans and leases | Commercial, financial, agricultural | Substandard | |||
Loan portfolio by risk-rating grades | |||
Current year | 465 | 1,017 | |
Prior year | 1,170 | 147 | |
Two years prior | 7,792 | 450 | |
Three years prior | 324 | 1,210 | |
Four years prior | 1,298 | 176 | |
Prior | 750 | 1,302 | |
Revolving Loans | 1,578 | 3,436 | |
Revolving Loans Converted to Term | 1,007 | 755 | |
Loans, net of unearned income | 14,384 | 8,493 | |
Non purchased loans and leases | Commercial, financial, agricultural | Not Subject to Credit Risk Assessment | |||
Loan portfolio by risk-rating grades | |||
Current year | 0 | 71 | |
Prior year | 24 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 1 | |
Four years prior | 0 | 0 | |
Prior | 4,586 | 8,983 | |
Revolving Loans | 29,638 | 23,464 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 34,248 | 32,519 | |
Non purchased loans and leases | Commercial, financial, agricultural | Performing Loans | Not Subject to Credit Risk Assessment | |||
Loan portfolio by risk-rating grades | |||
Current year | 0 | 71 | |
Prior year | 24 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 1 | |
Four years prior | 0 | 0 | |
Prior | 4,586 | 8,983 | |
Revolving Loans | 29,638 | 23,464 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 34,248 | 32,519 | |
Non purchased loans and leases | Commercial, financial, agricultural | Non-Performing Loans | Not Subject to Credit Risk Assessment | |||
Loan portfolio by risk-rating grades | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 0 | |
Four years prior | 0 | 0 | |
Prior | 0 | 0 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 0 | 0 | |
Non purchased loans and leases | Lease Financing Receivables | Subject to Credit Risk Assessment | |||
Loan portfolio by risk-rating grades | |||
Current year | 19,463 | ||
Prior year | 24,644 | ||
Two years prior | 21,969 | ||
Three years prior | 14,215 | ||
Four years prior | 6,758 | ||
Prior | 2,793 | ||
Revolving Loans | 0 | ||
Revolving Loans Converted to Term | 0 | ||
Loans, net of unearned income | 89,842 | ||
Non purchased loans and leases | Lease Financing Receivables | Pass | |||
Loan portfolio by risk-rating grades | |||
Current year | 19,463 | ||
Prior year | 24,644 | ||
Two years prior | 21,969 | ||
Three years prior | 14,215 | ||
Four years prior | 6,758 | ||
Prior | 2,341 | ||
Revolving Loans | 0 | ||
Revolving Loans Converted to Term | 0 | ||
Loans, net of unearned income | 89,390 | ||
Non purchased loans and leases | Lease Financing Receivables | Special Mention | |||
Loan portfolio by risk-rating grades | |||
Current year | 0 | ||
Prior year | 0 | ||
Two years prior | 0 | ||
Three years prior | 0 | ||
Four years prior | 0 | ||
Prior | 452 | ||
Revolving Loans | 0 | ||
Revolving Loans Converted to Term | 0 | ||
Loans, net of unearned income | 452 | ||
Non purchased loans and leases | Lease Financing Receivables | Substandard | |||
Loan portfolio by risk-rating grades | |||
Current year | 0 | ||
Prior year | 0 | ||
Two years prior | 0 | ||
Three years prior | 0 | ||
Four years prior | 0 | ||
Prior | 0 | ||
Revolving Loans | 0 | ||
Revolving Loans Converted to Term | 0 | ||
Loans, net of unearned income | 0 | ||
Non purchased loans and leases | Lease Financing Receivables | Not Subject to Credit Risk Assessment | |||
Loan portfolio by risk-rating grades | |||
Current year | 26,301 | ||
Prior year | 23,270 | ||
Two years prior | 15,504 | ||
Three years prior | 7,713 | ||
Four years prior | 2,169 | ||
Prior | 1,168 | ||
Revolving Loans | 0 | ||
Revolving Loans Converted to Term | 0 | ||
Loans, net of unearned income | 76,125 | ||
Non purchased loans and leases | Lease Financing Receivables | Performing Loans | Not Subject to Credit Risk Assessment | |||
Loan portfolio by risk-rating grades | |||
Current year | 26,301 | ||
Prior year | 23,270 | ||
Two years prior | 15,504 | ||
Three years prior | 7,713 | ||
Four years prior | 2,167 | ||
Prior | 1,159 | ||
Revolving Loans | 0 | ||
Revolving Loans Converted to Term | 0 | ||
Loans, net of unearned income | 76,114 | ||
Non purchased loans and leases | Lease Financing Receivables | Non-Performing Loans | Not Subject to Credit Risk Assessment | |||
Loan portfolio by risk-rating grades | |||
Current year | 0 | ||
Prior year | 0 | ||
Two years prior | 0 | ||
Three years prior | 0 | ||
Four years prior | 2 | ||
Prior | 9 | ||
Revolving Loans | 0 | ||
Revolving Loans Converted to Term | 0 | ||
Loans, net of unearned income | 11 | ||
Non purchased loans and leases | Real estate – construction: | Subject to Credit Risk Assessment | |||
Loan portfolio by risk-rating grades | |||
Current year | 162,809 | 461,370 | |
Prior year | 482,341 | 371,694 | |
Two years prior | 318,316 | 174,369 | |
Three years prior | 145,402 | 14,813 | |
Four years prior | 15,525 | 0 | |
Prior | 0 | 0 | |
Revolving Loans | 6,539 | 3,769 | |
Revolving Loans Converted to Term | 602 | 2,428 | |
Loans, net of unearned income | 1,131,534 | 1,028,443 | |
Non purchased loans and leases | Real estate – construction: | Not Subject to Credit Risk Assessment | |||
Loan portfolio by risk-rating grades | |||
Current year | 7,060 | 57,283 | |
Prior year | 70,624 | 12,561 | |
Two years prior | 6,079 | 1,615 | |
Three years prior | 1,631 | 0 | |
Four years prior | 0 | 0 | |
Prior | 0 | 0 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 85,394 | 71,459 | |
Non purchased loans and leases | Real estate – construction: | Residential | Subject to Credit Risk Assessment | |||
Loan portfolio by risk-rating grades | |||
Current year | 61,146 | 210,734 | |
Prior year | 150,122 | 12,598 | |
Two years prior | 6,025 | 0 | |
Three years prior | 0 | 0 | |
Four years prior | 0 | 0 | |
Prior | 0 | 0 | |
Revolving Loans | 2,107 | 3,769 | |
Revolving Loans Converted to Term | 602 | 2,428 | |
Loans, net of unearned income | 220,002 | 229,529 | |
Non purchased loans and leases | Real estate – construction: | Residential | Pass | |||
Loan portfolio by risk-rating grades | |||
Current year | 61,146 | 210,734 | |
Prior year | 150,122 | 12,598 | |
Two years prior | 6,025 | 0 | |
Three years prior | 0 | 0 | |
Four years prior | 0 | 0 | |
Prior | 0 | 0 | |
Revolving Loans | 2,107 | 3,769 | |
Revolving Loans Converted to Term | 602 | 2,428 | |
Loans, net of unearned income | 220,002 | 229,529 | |
Non purchased loans and leases | Real estate – construction: | Residential | Special Mention | |||
Loan portfolio by risk-rating grades | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 0 | |
Four years prior | 0 | 0 | |
Prior | 0 | 0 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 0 | 0 | |
Non purchased loans and leases | Real estate – construction: | Residential | Substandard | |||
Loan portfolio by risk-rating grades | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 0 | |
Four years prior | 0 | 0 | |
Prior | 0 | 0 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 0 | 0 | |
Non purchased loans and leases | Real estate – construction: | Residential | Not Subject to Credit Risk Assessment | |||
Loan portfolio by risk-rating grades | |||
Current year | 7,060 | 57,283 | |
Prior year | 70,624 | 12,561 | |
Two years prior | 6,079 | 1,615 | |
Three years prior | 1,631 | 0 | |
Four years prior | 0 | 0 | |
Prior | 0 | 0 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 85,394 | 71,459 | |
Non purchased loans and leases | Real estate – construction: | Residential | Performing Loans | Not Subject to Credit Risk Assessment | |||
Loan portfolio by risk-rating grades | |||
Current year | 7,060 | 57,283 | |
Prior year | 70,624 | 12,561 | |
Two years prior | 6,079 | 1,615 | |
Three years prior | 1,631 | 0 | |
Four years prior | 0 | 0 | |
Prior | 0 | 0 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 85,394 | 71,459 | |
Non purchased loans and leases | Real estate – construction: | Residential | Non-Performing Loans | Not Subject to Credit Risk Assessment | |||
Loan portfolio by risk-rating grades | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 0 | |
Four years prior | 0 | 0 | |
Prior | 0 | 0 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 0 | 0 | |
Non purchased loans and leases | Real estate – construction: | Commercial | Subject to Credit Risk Assessment | |||
Loan portfolio by risk-rating grades | |||
Current year | 101,663 | 250,636 | |
Prior year | 332,219 | 359,096 | |
Two years prior | 312,291 | 174,369 | |
Three years prior | 145,402 | 14,813 | |
Four years prior | 15,525 | 0 | |
Prior | 0 | 0 | |
Revolving Loans | 4,432 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 911,532 | 798,914 | |
Non purchased loans and leases | Real estate – construction: | Commercial | Pass | |||
Loan portfolio by risk-rating grades | |||
Current year | 101,663 | 250,636 | |
Prior year | 331,298 | 359,096 | |
Two years prior | 312,291 | 174,369 | |
Three years prior | 145,402 | 14,813 | |
Four years prior | 15,525 | 0 | |
Prior | 0 | 0 | |
Revolving Loans | 4,432 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 910,611 | 798,914 | |
Non purchased loans and leases | Real estate – construction: | Commercial | Special Mention | |||
Loan portfolio by risk-rating grades | |||
Current year | 0 | 0 | |
Prior year | 921 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 0 | |
Four years prior | 0 | 0 | |
Prior | 0 | 0 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 921 | 0 | |
Non purchased loans and leases | Real estate – construction: | Commercial | Substandard | |||
Loan portfolio by risk-rating grades | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 0 | |
Four years prior | 0 | 0 | |
Prior | 0 | 0 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 0 | 0 | |
Non purchased loans and leases | Real estate – construction: | Commercial | Not Subject to Credit Risk Assessment | |||
Loan portfolio by risk-rating grades | |||
Current year | 0 | ||
Prior year | 0 | ||
Two years prior | 0 | ||
Three years prior | 0 | ||
Four years prior | 0 | ||
Prior | 0 | ||
Revolving Loans | 0 | ||
Revolving Loans Converted to Term | 0 | ||
Loans, net of unearned income | 0 | ||
Non purchased loans and leases | Real estate – construction: | Commercial | Performing Loans | Not Subject to Credit Risk Assessment | |||
Loan portfolio by risk-rating grades | |||
Current year | 0 | ||
Prior year | 0 | ||
Two years prior | 0 | ||
Three years prior | 0 | ||
Four years prior | 0 | ||
Prior | 0 | ||
Revolving Loans | 0 | ||
Revolving Loans Converted to Term | 0 | ||
Loans, net of unearned income | 0 | ||
Non purchased loans and leases | Real estate – construction: | Commercial | Non-Performing Loans | Not Subject to Credit Risk Assessment | |||
Loan portfolio by risk-rating grades | |||
Current year | 0 | ||
Prior year | 0 | ||
Two years prior | 0 | ||
Three years prior | 0 | ||
Four years prior | 0 | ||
Prior | 0 | ||
Revolving Loans | 0 | ||
Revolving Loans Converted to Term | 0 | ||
Loans, net of unearned income | 0 | ||
Non purchased loans and leases | Real estate – 1-4 family mortgage: | Subject to Credit Risk Assessment | |||
Loan portfolio by risk-rating grades | |||
Current year | 86,992 | 205,137 | |
Prior year | 180,183 | 83,038 | |
Two years prior | 67,130 | 60,240 | |
Three years prior | 43,262 | 30,044 | |
Four years prior | 24,115 | 28,340 | |
Prior | 29,405 | 8,846 | |
Revolving Loans | 26,986 | 25,534 | |
Revolving Loans Converted to Term | 854 | 941 | |
Loans, net of unearned income | 458,927 | 442,120 | |
Non purchased loans and leases | Real estate – 1-4 family mortgage: | Not Subject to Credit Risk Assessment | |||
Loan portfolio by risk-rating grades | |||
Current year | 202,102 | 554,483 | |
Prior year | 576,608 | 419,252 | |
Two years prior | 389,909 | 205,014 | |
Three years prior | 182,310 | 155,535 | |
Four years prior | 142,482 | 117,619 | |
Prior | 284,535 | 207,381 | |
Revolving Loans | 404,747 | 404,293 | |
Revolving Loans Converted to Term | 2,967 | 2,776 | |
Loans, net of unearned income | 2,185,660 | 2,066,353 | |
Non purchased loans and leases | Real estate – 1-4 family mortgage: | Primary | Subject to Credit Risk Assessment | |||
Loan portfolio by risk-rating grades | |||
Current year | 7,747 | 15,599 | |
Prior year | 12,478 | 7,698 | |
Two years prior | 6,702 | 3,662 | |
Three years prior | 2,969 | 5,985 | |
Four years prior | 4,159 | 4,150 | |
Prior | 4,803 | 1,066 | |
Revolving Loans | 6,002 | 4,727 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 44,860 | 42,887 | |
Non purchased loans and leases | Real estate – 1-4 family mortgage: | Primary | Pass | |||
Loan portfolio by risk-rating grades | |||
Current year | 7,538 | 15,599 | |
Prior year | 12,478 | 7,698 | |
Two years prior | 6,702 | 3,496 | |
Three years prior | 2,848 | 5,985 | |
Four years prior | 4,159 | 4,066 | |
Prior | 4,436 | 1,057 | |
Revolving Loans | 5,991 | 4,716 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 44,152 | 42,617 | |
Non purchased loans and leases | Real estate – 1-4 family mortgage: | Primary | Special Mention | |||
Loan portfolio by risk-rating grades | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 0 | |
Four years prior | 0 | 0 | |
Prior | 0 | 0 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 0 | 0 | |
Non purchased loans and leases | Real estate – 1-4 family mortgage: | Primary | Substandard | |||
Loan portfolio by risk-rating grades | |||
Current year | 209 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 166 | |
Three years prior | 121 | 0 | |
Four years prior | 0 | 84 | |
Prior | 367 | 9 | |
Revolving Loans | 11 | 11 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 708 | 270 | |
Non purchased loans and leases | Real estate – 1-4 family mortgage: | Primary | Not Subject to Credit Risk Assessment | |||
Loan portfolio by risk-rating grades | |||
Current year | 199,643 | 542,659 | |
Prior year | 566,132 | 415,863 | |
Two years prior | 387,647 | 203,739 | |
Three years prior | 181,465 | 153,717 | |
Four years prior | 140,891 | 116,689 | |
Prior | 283,112 | 206,496 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 1,758,890 | 1,639,163 | |
Non purchased loans and leases | Real estate – 1-4 family mortgage: | Primary | Performing Loans | Not Subject to Credit Risk Assessment | |||
Loan portfolio by risk-rating grades | |||
Current year | 199,643 | 542,053 | |
Prior year | 565,669 | 414,931 | |
Two years prior | 386,148 | 201,273 | |
Three years prior | 179,052 | 148,649 | |
Four years prior | 136,035 | 114,669 | |
Prior | 277,478 | 203,416 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 1,744,025 | 1,624,991 | |
Non purchased loans and leases | Real estate – 1-4 family mortgage: | Primary | Non-Performing Loans | Not Subject to Credit Risk Assessment | |||
Loan portfolio by risk-rating grades | |||
Current year | 0 | 606 | |
Prior year | 463 | 932 | |
Two years prior | 1,499 | 2,466 | |
Three years prior | 2,413 | 5,068 | |
Four years prior | 4,856 | 2,020 | |
Prior | 5,634 | 3,080 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 14,865 | 14,172 | |
Non purchased loans and leases | Real estate – 1-4 family mortgage: | Home equity | Subject to Credit Risk Assessment | |||
Loan portfolio by risk-rating grades | |||
Current year | 0 | 1,318 | |
Prior year | 1,324 | 0 | |
Two years prior | 0 | 42 | |
Three years prior | 41 | 131 | |
Four years prior | 127 | 0 | |
Prior | 0 | 0 | |
Revolving Loans | 13,817 | 13,615 | |
Revolving Loans Converted to Term | 9 | 10 | |
Loans, net of unearned income | 15,318 | 15,116 | |
Non purchased loans and leases | Real estate – 1-4 family mortgage: | Home equity | Pass | |||
Loan portfolio by risk-rating grades | |||
Current year | 0 | 1,318 | |
Prior year | 1,324 | 0 | |
Two years prior | 0 | 42 | |
Three years prior | 41 | 131 | |
Four years prior | 127 | 0 | |
Prior | 0 | 0 | |
Revolving Loans | 13,817 | 13,615 | |
Revolving Loans Converted to Term | 9 | 10 | |
Loans, net of unearned income | 15,318 | 15,116 | |
Non purchased loans and leases | Real estate – 1-4 family mortgage: | Home equity | Special Mention | |||
Loan portfolio by risk-rating grades | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 0 | |
Four years prior | 0 | 0 | |
Prior | 0 | 0 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 0 | 0 | |
Non purchased loans and leases | Real estate – 1-4 family mortgage: | Home equity | Substandard | |||
Loan portfolio by risk-rating grades | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 0 | |
Four years prior | 0 | 0 | |
Prior | 0 | 0 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 0 | 0 | |
Non purchased loans and leases | Real estate – 1-4 family mortgage: | Home equity | Not Subject to Credit Risk Assessment | |||
Loan portfolio by risk-rating grades | |||
Current year | 520 | 111 | |
Prior year | 111 | 0 | |
Two years prior | 0 | 79 | |
Three years prior | 79 | 225 | |
Four years prior | 224 | 0 | |
Prior | 460 | 508 | |
Revolving Loans | 404,747 | 404,293 | |
Revolving Loans Converted to Term | 2,967 | 2,776 | |
Loans, net of unearned income | 409,108 | 407,992 | |
Non purchased loans and leases | Real estate – 1-4 family mortgage: | Home equity | Performing Loans | Not Subject to Credit Risk Assessment | |||
Loan portfolio by risk-rating grades | |||
Current year | 520 | 111 | |
Prior year | 111 | 0 | |
Two years prior | 0 | 79 | |
Three years prior | 79 | 225 | |
Four years prior | 224 | 0 | |
Prior | 388 | 435 | |
Revolving Loans | 403,926 | 403,598 | |
Revolving Loans Converted to Term | 2,413 | 2,599 | |
Loans, net of unearned income | 407,661 | 407,047 | |
Non purchased loans and leases | Real estate – 1-4 family mortgage: | Home equity | Non-Performing Loans | Not Subject to Credit Risk Assessment | |||
Loan portfolio by risk-rating grades | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 0 | |
Four years prior | 0 | 0 | |
Prior | 72 | 73 | |
Revolving Loans | 821 | 695 | |
Revolving Loans Converted to Term | 554 | 177 | |
Loans, net of unearned income | 1,447 | 945 | |
Non purchased loans and leases | Real estate – 1-4 family mortgage: | Rental/investment | Subject to Credit Risk Assessment | |||
Loan portfolio by risk-rating grades | |||
Current year | 41,987 | 111,006 | |
Prior year | 100,533 | 61,801 | |
Two years prior | 51,166 | 33,734 | |
Three years prior | 29,396 | 23,520 | |
Four years prior | 19,608 | 23,890 | |
Prior | 24,032 | 7,469 | |
Revolving Loans | 6,321 | 5,554 | |
Revolving Loans Converted to Term | 845 | 931 | |
Loans, net of unearned income | 273,888 | 267,905 | |
Non purchased loans and leases | Real estate – 1-4 family mortgage: | Rental/investment | Pass | |||
Loan portfolio by risk-rating grades | |||
Current year | 41,966 | 110,987 | |
Prior year | 100,456 | 60,855 | |
Two years prior | 50,958 | 32,733 | |
Three years prior | 28,363 | 23,246 | |
Four years prior | 19,339 | 23,708 | |
Prior | 23,306 | 7,098 | |
Revolving Loans | 6,321 | 5,554 | |
Revolving Loans Converted to Term | 845 | 931 | |
Loans, net of unearned income | 271,554 | 265,112 | |
Non purchased loans and leases | Real estate – 1-4 family mortgage: | Rental/investment | Special Mention | |||
Loan portfolio by risk-rating grades | |||
Current year | 0 | 0 | |
Prior year | 0 | 249 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 0 | |
Four years prior | 0 | 0 | |
Prior | 0 | 0 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 0 | 249 | |
Non purchased loans and leases | Real estate – 1-4 family mortgage: | Rental/investment | Substandard | |||
Loan portfolio by risk-rating grades | |||
Current year | 21 | 19 | |
Prior year | 77 | 697 | |
Two years prior | 208 | 1,001 | |
Three years prior | 1,033 | 274 | |
Four years prior | 269 | 182 | |
Prior | 726 | 371 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 2,334 | 2,544 | |
Non purchased loans and leases | Real estate – 1-4 family mortgage: | Rental/investment | Not Subject to Credit Risk Assessment | |||
Loan portfolio by risk-rating grades | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 99 | |
Three years prior | 0 | 0 | |
Four years prior | 0 | 23 | |
Prior | 229 | 218 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 229 | 340 | |
Non purchased loans and leases | Real estate – 1-4 family mortgage: | Rental/investment | Performing Loans | Not Subject to Credit Risk Assessment | |||
Loan portfolio by risk-rating grades | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 99 | |
Three years prior | 0 | 0 | |
Four years prior | 0 | 23 | |
Prior | 176 | 164 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 176 | 286 | |
Non purchased loans and leases | Real estate – 1-4 family mortgage: | Rental/investment | Non-Performing Loans | Not Subject to Credit Risk Assessment | |||
Loan portfolio by risk-rating grades | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 0 | |
Four years prior | 0 | 0 | |
Prior | 53 | 54 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 53 | 54 | |
Non purchased loans and leases | Real estate – 1-4 family mortgage: | Land development | Subject to Credit Risk Assessment | |||
Loan portfolio by risk-rating grades | |||
Current year | 37,258 | 77,214 | |
Prior year | 65,848 | 13,539 | |
Two years prior | 9,262 | 22,802 | |
Three years prior | 10,856 | 408 | |
Four years prior | 221 | 300 | |
Prior | 570 | 311 | |
Revolving Loans | 846 | 1,638 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 124,861 | 116,212 | |
Non purchased loans and leases | Real estate – 1-4 family mortgage: | Land development | Pass | |||
Loan portfolio by risk-rating grades | |||
Current year | 37,258 | 74,818 | |
Prior year | 65,848 | 13,539 | |
Two years prior | 8,974 | 22,769 | |
Three years prior | 10,832 | 408 | |
Four years prior | 221 | 300 | |
Prior | 570 | 311 | |
Revolving Loans | 846 | 1,638 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 124,549 | 113,783 | |
Non purchased loans and leases | Real estate – 1-4 family mortgage: | Land development | Special Mention | |||
Loan portfolio by risk-rating grades | |||
Current year | 0 | 2,396 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 0 | |
Four years prior | 0 | 0 | |
Prior | 0 | 0 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 0 | 2,396 | |
Non purchased loans and leases | Real estate – 1-4 family mortgage: | Land development | Substandard | |||
Loan portfolio by risk-rating grades | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 288 | 33 | |
Three years prior | 24 | 0 | |
Four years prior | 0 | 0 | |
Prior | 0 | 0 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 312 | 33 | |
Non purchased loans and leases | Real estate – 1-4 family mortgage: | Land development | Not Subject to Credit Risk Assessment | |||
Loan portfolio by risk-rating grades | |||
Current year | 1,939 | 11,713 | |
Prior year | 10,365 | 3,389 | |
Two years prior | 2,262 | 1,097 | |
Three years prior | 766 | 1,593 | |
Four years prior | 1,367 | 907 | |
Prior | 734 | 159 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 17,433 | 18,858 | |
Non purchased loans and leases | Real estate – 1-4 family mortgage: | Land development | Performing Loans | Not Subject to Credit Risk Assessment | |||
Loan portfolio by risk-rating grades | |||
Current year | 1,939 | 11,688 | |
Prior year | 10,340 | 3,298 | |
Two years prior | 2,172 | 1,065 | |
Three years prior | 734 | 1,593 | |
Four years prior | 1,367 | 832 | |
Prior | 672 | 159 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 17,224 | 18,635 | |
Non purchased loans and leases | Real estate – 1-4 family mortgage: | Land development | Non-Performing Loans | Not Subject to Credit Risk Assessment | |||
Loan portfolio by risk-rating grades | |||
Current year | 0 | 25 | |
Prior year | 25 | 91 | |
Two years prior | 90 | 32 | |
Three years prior | 32 | 0 | |
Four years prior | 0 | 75 | |
Prior | 62 | 0 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 209 | 223 | |
Non purchased loans and leases | Real estate – commercial mortgage: | Subject to Credit Risk Assessment | |||
Loan portfolio by risk-rating grades | |||
Current year | 398,640 | 1,168,118 | |
Prior year | 1,095,513 | 836,549 | |
Two years prior | 790,229 | 680,506 | |
Three years prior | 608,176 | 344,089 | |
Four years prior | 304,844 | 298,644 | |
Prior | 578,577 | 376,652 | |
Revolving Loans | 137,549 | 147,446 | |
Revolving Loans Converted to Term | 19,906 | 21,644 | |
Loans, net of unearned income | 3,933,434 | 3,873,648 | |
Non purchased loans and leases | Real estate – commercial mortgage: | Not Subject to Credit Risk Assessment | |||
Loan portfolio by risk-rating grades | |||
Current year | 1,004 | 5,265 | |
Prior year | 4,940 | 3,584 | |
Two years prior | 3,204 | 2,082 | |
Three years prior | 1,785 | 800 | |
Four years prior | 748 | 468 | |
Prior | 425 | 137 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 12,106 | 12,336 | |
Non purchased loans and leases | Real estate – commercial mortgage: | Land development | Subject to Credit Risk Assessment | |||
Loan portfolio by risk-rating grades | |||
Current year | 16,357 | 46,303 | |
Prior year | 43,391 | 19,060 | |
Two years prior | 16,049 | 11,040 | |
Three years prior | 10,090 | 6,621 | |
Four years prior | 5,805 | 3,204 | |
Prior | 3,182 | 2,752 | |
Revolving Loans | 9,312 | 9,304 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 104,186 | 98,284 | |
Non purchased loans and leases | Real estate – commercial mortgage: | Land development | Pass | |||
Loan portfolio by risk-rating grades | |||
Current year | 14,759 | 46,034 | |
Prior year | 43,123 | 17,030 | |
Two years prior | 15,713 | 11,040 | |
Three years prior | 10,090 | 6,569 | |
Four years prior | 5,724 | 3,204 | |
Prior | 3,182 | 2,752 | |
Revolving Loans | 9,312 | 9,304 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 101,903 | 95,933 | |
Non purchased loans and leases | Real estate – commercial mortgage: | Land development | Special Mention | |||
Loan portfolio by risk-rating grades | |||
Current year | 0 | 44 | |
Prior year | 43 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 0 | |
Four years prior | 0 | 0 | |
Prior | 0 | 0 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 43 | 44 | |
Non purchased loans and leases | Real estate – commercial mortgage: | Land development | Substandard | |||
Loan portfolio by risk-rating grades | |||
Current year | 1,598 | 225 | |
Prior year | 225 | 2,030 | |
Two years prior | 336 | 0 | |
Three years prior | 0 | 52 | |
Four years prior | 81 | 0 | |
Prior | 0 | 0 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 2,240 | 2,307 | |
Non purchased loans and leases | Real estate – commercial mortgage: | Land development | Not Subject to Credit Risk Assessment | |||
Loan portfolio by risk-rating grades | |||
Current year | 1,004 | 5,265 | |
Prior year | 4,940 | 3,417 | |
Two years prior | 3,039 | 2,024 | |
Three years prior | 1,771 | 800 | |
Four years prior | 748 | 468 | |
Prior | 425 | 137 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 11,927 | 12,111 | |
Non purchased loans and leases | Real estate – commercial mortgage: | Land development | Performing Loans | Not Subject to Credit Risk Assessment | |||
Loan portfolio by risk-rating grades | |||
Current year | 1,004 | 5,265 | |
Prior year | 4,940 | 3,417 | |
Two years prior | 3,039 | 2,008 | |
Three years prior | 1,755 | 800 | |
Four years prior | 748 | 468 | |
Prior | 374 | 86 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 11,860 | 12,044 | |
Non purchased loans and leases | Real estate – commercial mortgage: | Land development | Non-Performing Loans | Not Subject to Credit Risk Assessment | |||
Loan portfolio by risk-rating grades | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 16 | |
Three years prior | 16 | 0 | |
Four years prior | 0 | 0 | |
Prior | 51 | 51 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 67 | 67 | |
Non purchased loans and leases | Real estate – commercial mortgage: | Owner-occupied | Subject to Credit Risk Assessment | |||
Loan portfolio by risk-rating grades | |||
Current year | 121,718 | 312,031 | |
Prior year | 302,860 | 305,686 | |
Two years prior | 266,970 | 220,057 | |
Three years prior | 197,621 | 164,345 | |
Four years prior | 146,863 | 140,265 | |
Prior | 219,190 | 117,767 | |
Revolving Loans | 55,759 | 59,126 | |
Revolving Loans Converted to Term | 7,316 | 9,748 | |
Loans, net of unearned income | 1,318,297 | 1,329,025 | |
Non purchased loans and leases | Real estate – commercial mortgage: | Owner-occupied | Pass | |||
Loan portfolio by risk-rating grades | |||
Current year | 121,353 | 310,736 | |
Prior year | 301,595 | 304,555 | |
Two years prior | 265,142 | 218,447 | |
Three years prior | 196,020 | 161,521 | |
Four years prior | 145,137 | 134,410 | |
Prior | 203,852 | 109,577 | |
Revolving Loans | 55,759 | 59,126 | |
Revolving Loans Converted to Term | 6,347 | 8,036 | |
Loans, net of unearned income | 1,295,205 | 1,306,408 | |
Non purchased loans and leases | Real estate – commercial mortgage: | Owner-occupied | Special Mention | |||
Loan portfolio by risk-rating grades | |||
Current year | 0 | 1,210 | |
Prior year | 1,191 | 1,131 | |
Two years prior | 0 | 0 | |
Three years prior | 347 | 0 | |
Four years prior | 0 | 1,733 | |
Prior | 3,127 | 328 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 932 | 1,712 | |
Loans, net of unearned income | 5,597 | 6,114 | |
Non purchased loans and leases | Real estate – commercial mortgage: | Owner-occupied | Substandard | |||
Loan portfolio by risk-rating grades | |||
Current year | 365 | 85 | |
Prior year | 74 | 0 | |
Two years prior | 1,828 | 1,610 | |
Three years prior | 1,254 | 2,824 | |
Four years prior | 1,726 | 4,122 | |
Prior | 12,211 | 7,862 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 37 | 0 | |
Loans, net of unearned income | 17,495 | 16,503 | |
Non purchased loans and leases | Real estate – commercial mortgage: | Owner-occupied | Not Subject to Credit Risk Assessment | |||
Loan portfolio by risk-rating grades | |||
Current year | 0 | 0 | |
Prior year | 0 | 136 | |
Two years prior | 135 | 58 | |
Three years prior | 14 | 0 | |
Four years prior | 0 | 0 | |
Prior | 0 | 0 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 149 | 194 | |
Non purchased loans and leases | Real estate – commercial mortgage: | Owner-occupied | Performing Loans | Not Subject to Credit Risk Assessment | |||
Loan portfolio by risk-rating grades | |||
Current year | 0 | 0 | |
Prior year | 0 | 136 | |
Two years prior | 135 | 58 | |
Three years prior | 14 | 0 | |
Four years prior | 0 | 0 | |
Prior | 0 | 0 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 149 | 194 | |
Non purchased loans and leases | Real estate – commercial mortgage: | Owner-occupied | Non-Performing Loans | Not Subject to Credit Risk Assessment | |||
Loan portfolio by risk-rating grades | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 0 | |
Four years prior | 0 | 0 | |
Prior | 0 | 0 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 0 | 0 | |
Non purchased loans and leases | Real estate – commercial mortgage: | Non-owner occupied | Subject to Credit Risk Assessment | |||
Loan portfolio by risk-rating grades | |||
Current year | 260,565 | 809,784 | |
Prior year | 749,262 | 511,803 | |
Two years prior | 507,210 | 449,409 | |
Three years prior | 400,465 | 173,123 | |
Four years prior | 152,176 | 155,175 | |
Prior | 356,205 | 256,133 | |
Revolving Loans | 72,478 | 79,016 | |
Revolving Loans Converted to Term | 12,590 | 11,896 | |
Loans, net of unearned income | 2,510,951 | 2,446,339 | |
Non purchased loans and leases | Real estate – commercial mortgage: | Non-owner occupied | Pass | |||
Loan portfolio by risk-rating grades | |||
Current year | 260,361 | 800,348 | |
Prior year | 740,078 | 503,009 | |
Two years prior | 507,210 | 436,062 | |
Three years prior | 387,131 | 165,843 | |
Four years prior | 152,176 | 102,446 | |
Prior | 292,279 | 242,665 | |
Revolving Loans | 72,478 | 79,016 | |
Revolving Loans Converted to Term | 12,590 | 11,896 | |
Loans, net of unearned income | 2,424,303 | 2,341,285 | |
Non purchased loans and leases | Real estate – commercial mortgage: | Non-owner occupied | Special Mention | |||
Loan portfolio by risk-rating grades | |||
Current year | 0 | 9,235 | |
Prior year | 9,184 | 8,794 | |
Two years prior | 0 | 11,356 | |
Three years prior | 11,322 | 7,280 | |
Four years prior | 0 | 33,176 | |
Prior | 24,606 | 8,024 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 45,112 | 77,865 | |
Non purchased loans and leases | Real estate – commercial mortgage: | Non-owner occupied | Substandard | |||
Loan portfolio by risk-rating grades | |||
Current year | 204 | 201 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 1,991 | |
Three years prior | 2,012 | 0 | |
Four years prior | 0 | 19,553 | |
Prior | 39,320 | 5,444 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 41,536 | 27,189 | |
Non purchased loans and leases | Real estate – commercial mortgage: | Non-owner occupied | Not Subject to Credit Risk Assessment | |||
Loan portfolio by risk-rating grades | |||
Current year | 0 | 0 | |
Prior year | 0 | 31 | |
Two years prior | 30 | 0 | |
Three years prior | 0 | 0 | |
Four years prior | 0 | 0 | |
Prior | 0 | 0 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 30 | 31 | |
Non purchased loans and leases | Real estate – commercial mortgage: | Non-owner occupied | Performing Loans | Not Subject to Credit Risk Assessment | |||
Loan portfolio by risk-rating grades | |||
Current year | 0 | 0 | |
Prior year | 0 | 31 | |
Two years prior | 30 | 0 | |
Three years prior | 0 | 0 | |
Four years prior | 0 | 0 | |
Prior | 0 | 0 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 30 | 31 | |
Non purchased loans and leases | Real estate – commercial mortgage: | Non-owner occupied | Non-Performing Loans | Not Subject to Credit Risk Assessment | |||
Loan portfolio by risk-rating grades | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 0 | |
Four years prior | 0 | 0 | |
Prior | 0 | 0 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 0 | 0 | |
Non purchased loans and leases | Installment loans to individuals | Subject to Credit Risk Assessment | |||
Loan portfolio by risk-rating grades | |||
Current year | 73 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 42 | |
Three years prior | 37 | 0 | |
Four years prior | 0 | 0 | |
Prior | 0 | 0 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 110 | 42 | |
Non purchased loans and leases | Installment loans to individuals | Pass | |||
Loan portfolio by risk-rating grades | |||
Current year | 73 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 42 | |
Three years prior | 37 | 0 | |
Four years prior | 0 | 0 | |
Prior | 0 | 0 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 110 | 42 | |
Non purchased loans and leases | Installment loans to individuals | Special Mention | |||
Loan portfolio by risk-rating grades | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 0 | |
Four years prior | 0 | 0 | |
Prior | 0 | 0 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 0 | 0 | |
Non purchased loans and leases | Installment loans to individuals | Substandard | |||
Loan portfolio by risk-rating grades | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 0 | |
Four years prior | 0 | 0 | |
Prior | 0 | 0 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 0 | 0 | |
Non purchased loans and leases | Installment loans to individuals | Not Subject to Credit Risk Assessment | |||
Loan portfolio by risk-rating grades | |||
Current year | 13,094 | 44,302 | |
Prior year | 36,301 | 15,436 | |
Two years prior | 11,810 | 23,114 | |
Three years prior | 20,312 | 7,717 | |
Four years prior | 6,858 | 1,985 | |
Prior | 3,303 | 1,917 | |
Revolving Loans | 13,926 | 13,016 | |
Revolving Loans Converted to Term | 40 | 36 | |
Loans, net of unearned income | 105,644 | 107,523 | |
Non purchased loans and leases | Installment loans to individuals | Performing Loans | Not Subject to Credit Risk Assessment | |||
Loan portfolio by risk-rating grades | |||
Current year | 12,981 | 44,254 | |
Prior year | 36,285 | 15,360 | |
Two years prior | 11,783 | 23,035 | |
Three years prior | 20,265 | 7,704 | |
Four years prior | 6,848 | 1,958 | |
Prior | 3,252 | 1,890 | |
Revolving Loans | 13,926 | 13,016 | |
Revolving Loans Converted to Term | 37 | 36 | |
Loans, net of unearned income | 105,377 | 107,253 | |
Non purchased loans and leases | Installment loans to individuals | Non-Performing Loans | Not Subject to Credit Risk Assessment | |||
Loan portfolio by risk-rating grades | |||
Current year | 113 | 48 | |
Prior year | 16 | 76 | |
Two years prior | 27 | 79 | |
Three years prior | 47 | 13 | |
Four years prior | 10 | 27 | |
Prior | 51 | 27 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 3 | 0 | |
Loans, net of unearned income | $ 267 | $ 270 |
Purchased Loans - Summary of Pu
Purchased Loans - Summary of Purchased Loans (Details) - USD ($) $ in Thousands | Mar. 31, 2022 | Dec. 31, 2021 | Mar. 31, 2021 |
Summary of loans | |||
Gross loans | $ 10,313,459 | $ 10,020,914 | $ 10,688,408 |
Commercial, financial, agricultural | |||
Summary of loans | |||
Gross loans | 1,445,607 | 2,249,287 | |
Real estate – construction: | |||
Summary of loans | |||
Gross loans | 1,222,052 | 955,918 | |
Real estate – 1-4 family mortgage: | |||
Summary of loans | |||
Gross loans | 2,840,979 | 2,686,061 | |
Real estate – commercial mortgage: | |||
Summary of loans | |||
Gross loans | 4,577,864 | 4,549,027 | |
Installment loans to individuals | |||
Summary of loans | |||
Gross loans | 137,115 | $ 172,859 | |
Purchased loans | |||
Summary of loans | |||
Gross loans | 974,569 | 1,009,903 | |
Purchased loans | Commercial, financial, agricultural | |||
Summary of loans | |||
Gross loans | 109,368 | 90,308 | |
Purchased loans | Real estate – construction: | |||
Summary of loans | |||
Gross loans | 5,124 | 4,994 | |
Purchased loans | Real estate – construction: | Residential | |||
Summary of loans | |||
Gross loans | 1,259 | 1,287 | |
Purchased loans | Real estate – construction: | Commercial | |||
Summary of loans | |||
Gross loans | 3,865 | 3,707 | |
Purchased loans | Real estate – 1-4 family mortgage: | |||
Summary of loans | |||
Gross loans | 196,392 | 215,773 | |
Purchased loans | Real estate – 1-4 family mortgage: | Primary | |||
Summary of loans | |||
Gross loans | 122,063 | 134,070 | |
Purchased loans | Real estate – 1-4 family mortgage: | Home equity | |||
Summary of loans | |||
Gross loans | 46,239 | 51,496 | |
Purchased loans | Real estate – 1-4 family mortgage: | Rental/investment | |||
Summary of loans | |||
Gross loans | 18,694 | 20,229 | |
Purchased loans | Real estate – 1-4 family mortgage: | Land development | |||
Summary of loans | |||
Gross loans | 9,396 | 9,978 | |
Purchased loans | Real estate – commercial mortgage: | |||
Summary of loans | |||
Gross loans | 632,324 | 663,053 | |
Purchased loans | Real estate – commercial mortgage: | Land development | |||
Summary of loans | |||
Gross loans | 15,942 | 18,344 | |
Purchased loans | Real estate – commercial mortgage: | Owner-occupied | |||
Summary of loans | |||
Gross loans | 220,247 | 234,132 | |
Purchased loans | Real estate – commercial mortgage: | Non-owner occupied | |||
Summary of loans | |||
Gross loans | 396,135 | 410,577 | |
Purchased loans | Real estate – commercial mortgage: | Land development | |||
Summary of loans | |||
Gross loans | 15,942 | 18,344 | |
Purchased loans | Installment loans to individuals | |||
Summary of loans | |||
Gross loans | $ 31,361 | $ 35,775 |
Purchased Loans - Carrying amou
Purchased Loans - Carrying amount of PCD loans at the acquisition date (Details) $ in Thousands | 3 Months Ended |
Mar. 31, 2022USD ($) | |
Receivables [Abstract] | |
Purchase price of loans at acquisition | $ 6,543 |
Allowance for credit losses at acquisition | 1,648 |
Par value of acquired loans at acquisition | $ 8,191 |
Purchased Loans - Aging of Past
Purchased Loans - Aging of Past Due and Nonaccrual Loans (Details) - USD ($) $ in Thousands | Mar. 31, 2022 | Dec. 31, 2021 | Mar. 31, 2021 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | $ 10,313,459 | $ 10,020,914 | $ 10,688,408 |
Commercial, financial, agricultural | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 1,445,607 | 2,249,287 | |
Real estate – construction: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 1,222,052 | 955,918 | |
Real estate – 1-4 family mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 2,840,979 | 2,686,061 | |
Real estate – commercial mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 4,577,864 | 4,549,027 | |
Installment loans to individuals | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 137,115 | $ 172,859 | |
Purchased loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 974,569 | 1,009,903 | |
Purchased loans | Accruing Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 955,147 | 991,290 | |
Purchased loans | Accruing Loans | 30-89 Days Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 3,387 | 3,683 | |
Purchased loans | Accruing Loans | 90 Days or More Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 38 | 367 | |
Purchased loans | Accruing Loans | Current Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 951,722 | 987,240 | |
Purchased loans | Nonaccruing Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 19,422 | 18,613 | |
Purchased loans | Nonaccruing Loans | 30-89 Days Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 4,228 | 340 | |
Purchased loans | Nonaccruing Loans | 90 Days or More Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 4,105 | 4,516 | |
Purchased loans | Nonaccruing Loans | Current Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 11,089 | 13,757 | |
Purchased loans | Commercial, financial, agricultural | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 109,368 | 90,308 | |
Purchased loans | Commercial, financial, agricultural | Accruing Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 101,229 | 83,040 | |
Purchased loans | Commercial, financial, agricultural | Accruing Loans | 30-89 Days Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 316 | 122 | |
Purchased loans | Commercial, financial, agricultural | Accruing Loans | 90 Days or More Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 0 | 0 | |
Purchased loans | Commercial, financial, agricultural | Accruing Loans | Current Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 100,913 | 82,918 | |
Purchased loans | Commercial, financial, agricultural | Nonaccruing Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 8,139 | 7,268 | |
Purchased loans | Commercial, financial, agricultural | Nonaccruing Loans | 30-89 Days Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 203 | 42 | |
Purchased loans | Commercial, financial, agricultural | Nonaccruing Loans | 90 Days or More Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 1,996 | 1,618 | |
Purchased loans | Commercial, financial, agricultural | Nonaccruing Loans | Current Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 5,940 | 5,608 | |
Purchased loans | Real estate – construction: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 5,124 | 4,994 | |
Purchased loans | Real estate – construction: | Accruing Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 5,124 | 4,994 | |
Purchased loans | Real estate – construction: | Accruing Loans | 30-89 Days Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 0 | 0 | |
Purchased loans | Real estate – construction: | Accruing Loans | 90 Days or More Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 0 | 0 | |
Purchased loans | Real estate – construction: | Accruing Loans | Current Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 5,124 | 4,994 | |
Purchased loans | Real estate – construction: | Nonaccruing Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 0 | 0 | |
Purchased loans | Real estate – construction: | Nonaccruing Loans | 30-89 Days Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 0 | 0 | |
Purchased loans | Real estate – construction: | Nonaccruing Loans | 90 Days or More Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 0 | 0 | |
Purchased loans | Real estate – construction: | Nonaccruing Loans | Current Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 0 | 0 | |
Purchased loans | Real estate – 1-4 family mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 196,392 | 215,773 | |
Purchased loans | Real estate – 1-4 family mortgage: | Accruing Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 190,339 | 209,723 | |
Purchased loans | Real estate – 1-4 family mortgage: | Accruing Loans | 30-89 Days Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 1,596 | 1,211 | |
Purchased loans | Real estate – 1-4 family mortgage: | Accruing Loans | 90 Days or More Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 0 | 36 | |
Purchased loans | Real estate – 1-4 family mortgage: | Accruing Loans | Current Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 188,743 | 208,476 | |
Purchased loans | Real estate – 1-4 family mortgage: | Nonaccruing Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 6,053 | 6,050 | |
Purchased loans | Real estate – 1-4 family mortgage: | Nonaccruing Loans | 30-89 Days Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 1,078 | 283 | |
Purchased loans | Real estate – 1-4 family mortgage: | Nonaccruing Loans | 90 Days or More Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 1,971 | 2,598 | |
Purchased loans | Real estate – 1-4 family mortgage: | Nonaccruing Loans | Current Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 3,004 | 3,169 | |
Purchased loans | Real estate – commercial mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 632,324 | 663,053 | |
Purchased loans | Real estate – commercial mortgage: | Accruing Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 627,186 | 657,996 | |
Purchased loans | Real estate – commercial mortgage: | Accruing Loans | 30-89 Days Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 368 | 1,511 | |
Purchased loans | Real estate – commercial mortgage: | Accruing Loans | 90 Days or More Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 38 | 323 | |
Purchased loans | Real estate – commercial mortgage: | Accruing Loans | Current Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 626,780 | 656,162 | |
Purchased loans | Real estate – commercial mortgage: | Nonaccruing Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 5,138 | 5,057 | |
Purchased loans | Real estate – commercial mortgage: | Nonaccruing Loans | 30-89 Days Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 2,931 | 0 | |
Purchased loans | Real estate – commercial mortgage: | Nonaccruing Loans | 90 Days or More Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 138 | 289 | |
Purchased loans | Real estate – commercial mortgage: | Nonaccruing Loans | Current Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 2,069 | 4,768 | |
Purchased loans | Installment loans to individuals | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 31,361 | 35,775 | |
Purchased loans | Installment loans to individuals | Accruing Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 31,269 | 35,537 | |
Purchased loans | Installment loans to individuals | Accruing Loans | 30-89 Days Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 1,107 | 839 | |
Purchased loans | Installment loans to individuals | Accruing Loans | 90 Days or More Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 0 | 8 | |
Purchased loans | Installment loans to individuals | Accruing Loans | Current Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 30,162 | 34,690 | |
Purchased loans | Installment loans to individuals | Nonaccruing Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 92 | 238 | |
Purchased loans | Installment loans to individuals | Nonaccruing Loans | 30-89 Days Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 16 | 15 | |
Purchased loans | Installment loans to individuals | Nonaccruing Loans | 90 Days or More Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 0 | 11 | |
Purchased loans | Installment loans to individuals | Nonaccruing Loans | Current Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 76 | 212 | |
Purchased loans | Residential | Real estate – construction: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 1,259 | 1,287 | |
Purchased loans | Residential | Real estate – construction: | Accruing Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 1,259 | 1,287 | |
Purchased loans | Residential | Real estate – construction: | Accruing Loans | 30-89 Days Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 0 | 0 | |
Purchased loans | Residential | Real estate – construction: | Accruing Loans | 90 Days or More Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 0 | 0 | |
Purchased loans | Residential | Real estate – construction: | Accruing Loans | Current Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 1,259 | 1,287 | |
Purchased loans | Residential | Real estate – construction: | Nonaccruing Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 0 | 0 | |
Purchased loans | Residential | Real estate – construction: | Nonaccruing Loans | 30-89 Days Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 0 | 0 | |
Purchased loans | Residential | Real estate – construction: | Nonaccruing Loans | 90 Days or More Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 0 | 0 | |
Purchased loans | Residential | Real estate – construction: | Nonaccruing Loans | Current Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 0 | 0 | |
Purchased loans | Commercial | Real estate – construction: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 3,865 | 3,707 | |
Purchased loans | Commercial | Real estate – construction: | Accruing Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 3,865 | 3,707 | |
Purchased loans | Commercial | Real estate – construction: | Accruing Loans | 30-89 Days Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 0 | 0 | |
Purchased loans | Commercial | Real estate – construction: | Accruing Loans | 90 Days or More Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 0 | 0 | |
Purchased loans | Commercial | Real estate – construction: | Accruing Loans | Current Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 3,865 | 3,707 | |
Purchased loans | Commercial | Real estate – construction: | Nonaccruing Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 0 | 0 | |
Purchased loans | Commercial | Real estate – construction: | Nonaccruing Loans | 30-89 Days Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 0 | 0 | |
Purchased loans | Commercial | Real estate – construction: | Nonaccruing Loans | 90 Days or More Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 0 | 0 | |
Purchased loans | Commercial | Real estate – construction: | Nonaccruing Loans | Current Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 0 | 0 | |
Purchased loans | Primary | Real estate – 1-4 family mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 122,063 | 134,070 | |
Purchased loans | Primary | Real estate – 1-4 family mortgage: | Accruing Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 116,824 | 128,898 | |
Purchased loans | Primary | Real estate – 1-4 family mortgage: | Accruing Loans | 30-89 Days Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 1,224 | 1,042 | |
Purchased loans | Primary | Real estate – 1-4 family mortgage: | Accruing Loans | 90 Days or More Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 0 | 36 | |
Purchased loans | Primary | Real estate – 1-4 family mortgage: | Accruing Loans | Current Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 115,600 | 127,820 | |
Purchased loans | Primary | Real estate – 1-4 family mortgage: | Nonaccruing Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 5,239 | 5,172 | |
Purchased loans | Primary | Real estate – 1-4 family mortgage: | Nonaccruing Loans | 30-89 Days Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 981 | 257 | |
Purchased loans | Primary | Real estate – 1-4 family mortgage: | Nonaccruing Loans | 90 Days or More Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 1,706 | 2,225 | |
Purchased loans | Primary | Real estate – 1-4 family mortgage: | Nonaccruing Loans | Current Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 2,552 | 2,690 | |
Purchased loans | Home equity | Real estate – 1-4 family mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 46,239 | 51,496 | |
Purchased loans | Home equity | Real estate – 1-4 family mortgage: | Accruing Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 45,484 | 50,722 | |
Purchased loans | Home equity | Real estate – 1-4 family mortgage: | Accruing Loans | 30-89 Days Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 297 | 149 | |
Purchased loans | Home equity | Real estate – 1-4 family mortgage: | Accruing Loans | 90 Days or More Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 0 | 0 | |
Purchased loans | Home equity | Real estate – 1-4 family mortgage: | Accruing Loans | Current Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 45,187 | 50,573 | |
Purchased loans | Home equity | Real estate – 1-4 family mortgage: | Nonaccruing Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 755 | 774 | |
Purchased loans | Home equity | Real estate – 1-4 family mortgage: | Nonaccruing Loans | 30-89 Days Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 97 | 0 | |
Purchased loans | Home equity | Real estate – 1-4 family mortgage: | Nonaccruing Loans | 90 Days or More Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 265 | 373 | |
Purchased loans | Home equity | Real estate – 1-4 family mortgage: | Nonaccruing Loans | Current Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 393 | 401 | |
Purchased loans | Rental/investment | Real estate – 1-4 family mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 18,694 | 20,229 | |
Purchased loans | Rental/investment | Real estate – 1-4 family mortgage: | Accruing Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 18,635 | 20,125 | |
Purchased loans | Rental/investment | Real estate – 1-4 family mortgage: | Accruing Loans | 30-89 Days Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 0 | 20 | |
Purchased loans | Rental/investment | Real estate – 1-4 family mortgage: | Accruing Loans | 90 Days or More Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 0 | 0 | |
Purchased loans | Rental/investment | Real estate – 1-4 family mortgage: | Accruing Loans | Current Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 18,635 | 20,105 | |
Purchased loans | Rental/investment | Real estate – 1-4 family mortgage: | Nonaccruing Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 59 | 104 | |
Purchased loans | Rental/investment | Real estate – 1-4 family mortgage: | Nonaccruing Loans | 30-89 Days Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 0 | 26 | |
Purchased loans | Rental/investment | Real estate – 1-4 family mortgage: | Nonaccruing Loans | 90 Days or More Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 0 | 0 | |
Purchased loans | Rental/investment | Real estate – 1-4 family mortgage: | Nonaccruing Loans | Current Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 59 | 78 | |
Purchased loans | Land development | Real estate – 1-4 family mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 9,396 | 9,978 | |
Purchased loans | Land development | Real estate – 1-4 family mortgage: | Accruing Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 9,396 | 9,978 | |
Purchased loans | Land development | Real estate – 1-4 family mortgage: | Accruing Loans | 30-89 Days Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 75 | 0 | |
Purchased loans | Land development | Real estate – 1-4 family mortgage: | Accruing Loans | 90 Days or More Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 0 | 0 | |
Purchased loans | Land development | Real estate – 1-4 family mortgage: | Accruing Loans | Current Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 9,321 | 9,978 | |
Purchased loans | Land development | Real estate – 1-4 family mortgage: | Nonaccruing Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 0 | 0 | |
Purchased loans | Land development | Real estate – 1-4 family mortgage: | Nonaccruing Loans | 30-89 Days Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 0 | 0 | |
Purchased loans | Land development | Real estate – 1-4 family mortgage: | Nonaccruing Loans | 90 Days or More Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 0 | 0 | |
Purchased loans | Land development | Real estate – 1-4 family mortgage: | Nonaccruing Loans | Current Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 0 | 0 | |
Purchased loans | Land development | Real estate – commercial mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 15,942 | 18,344 | |
Purchased loans | Land development | Real estate – commercial mortgage: | Accruing Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 15,824 | 18,218 | |
Purchased loans | Land development | Real estate – commercial mortgage: | Accruing Loans | 30-89 Days Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 0 | 0 | |
Purchased loans | Land development | Real estate – commercial mortgage: | Accruing Loans | 90 Days or More Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 38 | 0 | |
Purchased loans | Land development | Real estate – commercial mortgage: | Accruing Loans | Current Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 15,786 | 18,218 | |
Purchased loans | Land development | Real estate – commercial mortgage: | Nonaccruing Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 118 | 126 | |
Purchased loans | Land development | Real estate – commercial mortgage: | Nonaccruing Loans | 30-89 Days Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 0 | 0 | |
Purchased loans | Land development | Real estate – commercial mortgage: | Nonaccruing Loans | 90 Days or More Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 0 | 0 | |
Purchased loans | Land development | Real estate – commercial mortgage: | Nonaccruing Loans | Current Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 118 | 126 | |
Purchased loans | Owner-occupied | Real estate – commercial mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 220,247 | 234,132 | |
Purchased loans | Owner-occupied | Real estate – commercial mortgage: | Accruing Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 218,164 | 232,139 | |
Purchased loans | Owner-occupied | Real estate – commercial mortgage: | Accruing Loans | 30-89 Days Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 314 | 1,511 | |
Purchased loans | Owner-occupied | Real estate – commercial mortgage: | Accruing Loans | 90 Days or More Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 0 | 323 | |
Purchased loans | Owner-occupied | Real estate – commercial mortgage: | Accruing Loans | Current Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 217,850 | 230,305 | |
Purchased loans | Owner-occupied | Real estate – commercial mortgage: | Nonaccruing Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 2,083 | 1,993 | |
Purchased loans | Owner-occupied | Real estate – commercial mortgage: | Nonaccruing Loans | 30-89 Days Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 0 | 0 | |
Purchased loans | Owner-occupied | Real estate – commercial mortgage: | Nonaccruing Loans | 90 Days or More Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 138 | 289 | |
Purchased loans | Owner-occupied | Real estate – commercial mortgage: | Nonaccruing Loans | Current Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 1,945 | 1,704 | |
Purchased loans | Non-owner occupied | Real estate – commercial mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 396,135 | 410,577 | |
Purchased loans | Non-owner occupied | Real estate – commercial mortgage: | Accruing Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 393,198 | 407,639 | |
Purchased loans | Non-owner occupied | Real estate – commercial mortgage: | Accruing Loans | 30-89 Days Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 54 | 0 | |
Purchased loans | Non-owner occupied | Real estate – commercial mortgage: | Accruing Loans | 90 Days or More Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 0 | 0 | |
Purchased loans | Non-owner occupied | Real estate – commercial mortgage: | Accruing Loans | Current Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 393,144 | 407,639 | |
Purchased loans | Non-owner occupied | Real estate – commercial mortgage: | Nonaccruing Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 2,937 | 2,938 | |
Purchased loans | Non-owner occupied | Real estate – commercial mortgage: | Nonaccruing Loans | 30-89 Days Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 2,931 | 0 | |
Purchased loans | Non-owner occupied | Real estate – commercial mortgage: | Nonaccruing Loans | 90 Days or More Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 0 | 0 | |
Purchased loans | Non-owner occupied | Real estate – commercial mortgage: | Nonaccruing Loans | Current Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | $ 6 | $ 2,938 |
Purchased Loans - Narrative (De
Purchased Loans - Narrative (Details) | 3 Months Ended | |||
Mar. 31, 2022USD ($)loan | Mar. 31, 2021USD ($)loan | Dec. 31, 2021USD ($) | Dec. 31, 2020USD ($) | |
Loans and Allowance for Loan Losses (Textual) [Abstract] | ||||
Acquisition, at fair value | $ 28,110,000 | |||
Outstanding balance of restructured loans | 10,146,991,000 | $ 9,856,743,000 | ||
Troubled debt restructured that has subsequently defaulted | 0 | $ 0 | ||
Allowance for loan losses attributable to restructured loans | $ 166,468,000 | $ 173,106,000 | $ 164,171,000 | $ 176,144,000 |
Purchased loans | ||||
Loans and Allowance for Loan Losses (Textual) [Abstract] | ||||
Number of restructured loans | loan | 0 | 0 | ||
Restructured loans discontinued past due period | 90 days | 90 days | ||
Remaining availability under commitments to lend additional funds on restructured loans | $ 0 | $ 153,000 | ||
Purchased loans | Restructured loans | ||||
Loans and Allowance for Loan Losses (Textual) [Abstract] | ||||
Outstanding balance of restructured loans | 9,944,000 | 19,140,000 | ||
Allowance for loan losses attributable to restructured loans | $ 69,000 | $ 167,000 |
Purchased Loans - Impact of Mod
Purchased Loans - Impact of Modifications Classified as Restructured Loans (Details) - Purchased loans $ in Thousands | 3 Months Ended | |
Mar. 31, 2022USD ($)loan | Mar. 31, 2021USD ($)loan | |
Real estate – 1-4 family mortgage: | Land development | ||
Restructured loans | ||
Number of Loans | loan | 3 | |
Pre- Modification Outstanding Recorded Investment | $ 98 | |
Post- Modification Outstanding Recorded Investment | $ 94 | |
Commercial, financial, agricultural | ||
Restructured loans | ||
Number of Loans | loan | 1 | |
Pre- Modification Outstanding Recorded Investment | $ 135 | |
Post- Modification Outstanding Recorded Investment | $ 135 |
Purchased Loans - Changes in Re
Purchased Loans - Changes in Restructured Loans (Details) - Purchased loans $ in Thousands | 3 Months Ended |
Mar. 31, 2022USD ($)loan | |
Number of Loans | |
Total, beginning balance | loan | 38 |
Additional advances or loans with concessions | loan | 3 |
Reclassified as performing restructured loan | loan | 3 |
Reclassified to nonperforming loans | loan | (2) |
Paid in full | loan | (2) |
Charge-offs | loan | 0 |
Principal paydowns | loan | 0 |
Total, ending balance | loan | 40 |
Recorded Investment | |
Total, beginning balance | $ | $ 5,609 |
Additional advances or loans with concessions | $ | 110 |
Reclassified as performing restructured loan | $ | 302 |
Reclassified to nonperforming loans | $ | (41) |
Paid in full | $ | (1,596) |
Charge-offs | $ | 0 |
Principal paydowns | $ | (44) |
Total, ending balance | $ | $ 4,340 |
Purchased Loans - Loan Portfoli
Purchased Loans - Loan Portfolio by Risk-Rating Grades (Details) - USD ($) $ in Thousands | Mar. 31, 2022 | Dec. 31, 2021 | Mar. 31, 2021 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | $ 10,313,459 | $ 10,020,914 | $ 10,688,408 |
Commercial, financial, agricultural | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 1,445,607 | 2,249,287 | |
Real estate – construction: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 1,222,052 | 955,918 | |
Real estate – 1-4 family mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 2,840,979 | 2,686,061 | |
Real estate – commercial mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 4,577,864 | 4,549,027 | |
Installment loans to individuals | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 137,115 | $ 172,859 | |
Purchased loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 974,569 | 1,009,903 | |
Purchased loans | Subject to Credit Risk Assessment | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 1,123 | |
Three years prior | 1,103 | 73,470 | |
Four years prior | 64,916 | 138,282 | |
Prior | 637,566 | 530,779 | |
Revolving Loans | 70,319 | 45,716 | |
Revolving Loans Converted to Term | 15,461 | 15,851 | |
Loans, net of unearned income | 789,365 | 805,221 | |
Purchased loans | Pass | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 1,123 | |
Three years prior | 1,103 | 56,506 | |
Four years prior | 47,958 | 128,133 | |
Prior | 566,939 | 463,735 | |
Revolving Loans | 68,560 | 44,422 | |
Revolving Loans Converted to Term | 5,021 | 5,317 | |
Loans, net of unearned income | 689,581 | 699,236 | |
Purchased loans | Special Mention | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 16,616 | |
Four years prior | 16,611 | 1,553 | |
Prior | 7,057 | 5,991 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 23,668 | 24,160 | |
Purchased loans | Substandard | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 348 | |
Four years prior | 347 | 8,596 | |
Prior | 63,570 | 61,053 | |
Revolving Loans | 1,759 | 1,294 | |
Revolving Loans Converted to Term | 10,440 | 10,534 | |
Loans, net of unearned income | 76,116 | 81,825 | |
Purchased loans | Not Subject to Credit Risk Assessment | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 202 | |
Three years prior | 200 | 22,208 | |
Four years prior | 19,187 | 29,740 | |
Prior | 123,494 | 105,499 | |
Revolving Loans | 40,974 | 45,644 | |
Revolving Loans Converted to Term | 1,349 | 1,389 | |
Loans, net of unearned income | 185,204 | 204,682 | |
Purchased loans | Not Subject to Credit Risk Assessment | Performing Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 202 | |
Three years prior | 200 | 22,084 | |
Four years prior | 19,074 | 29,130 | |
Prior | 118,341 | 100,894 | |
Revolving Loans | 40,389 | 45,241 | |
Revolving Loans Converted to Term | 1,216 | 1,245 | |
Loans, net of unearned income | 179,220 | 198,796 | |
Purchased loans | Not Subject to Credit Risk Assessment | Non-Performing Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 124 | |
Four years prior | 113 | 610 | |
Prior | 5,153 | 4,605 | |
Revolving Loans | 585 | 403 | |
Revolving Loans Converted to Term | 133 | 144 | |
Loans, net of unearned income | 5,984 | 5,886 | |
Purchased loans | Commercial, financial, agricultural | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 109,368 | 90,308 | |
Purchased loans | Commercial, financial, agricultural | Subject to Credit Risk Assessment | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 646 | |
Three years prior | 629 | 12,199 | |
Four years prior | 6,149 | 12,247 | |
Prior | 33,798 | 25,562 | |
Revolving Loans | 67,658 | 38,328 | |
Revolving Loans Converted to Term | 1,134 | 1,326 | |
Loans, net of unearned income | 109,368 | 90,308 | |
Purchased loans | Commercial, financial, agricultural | Pass | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 646 | |
Three years prior | 629 | 11,612 | |
Four years prior | 5,569 | 8,918 | |
Prior | 25,590 | 18,877 | |
Revolving Loans | 66,049 | 37,555 | |
Revolving Loans Converted to Term | 740 | 899 | |
Loans, net of unearned income | 98,577 | 78,507 | |
Purchased loans | Commercial, financial, agricultural | Special Mention | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 246 | |
Four years prior | 239 | 0 | |
Prior | 0 | 0 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 239 | 246 | |
Purchased loans | Commercial, financial, agricultural | Substandard | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 341 | |
Four years prior | 341 | 3,329 | |
Prior | 8,208 | 6,685 | |
Revolving Loans | 1,609 | 773 | |
Revolving Loans Converted to Term | 394 | 427 | |
Loans, net of unearned income | 10,552 | 11,555 | |
Purchased loans | Commercial, financial, agricultural | Not Subject to Credit Risk Assessment | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 0 | |
Four years prior | 0 | 0 | |
Prior | 0 | 0 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 0 | 0 | |
Purchased loans | Commercial, financial, agricultural | Not Subject to Credit Risk Assessment | Performing Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 0 | |
Four years prior | 0 | 0 | |
Prior | 0 | 0 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 0 | 0 | |
Purchased loans | Commercial, financial, agricultural | Not Subject to Credit Risk Assessment | Non-Performing Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 0 | |
Four years prior | 0 | 0 | |
Prior | 0 | 0 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 0 | 0 | |
Purchased loans | Real estate – construction: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 5,124 | 4,994 | |
Purchased loans | Real estate – construction: | Subject to Credit Risk Assessment | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 601 | |
Four years prior | 575 | 0 | |
Prior | 4,549 | 4,393 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 5,124 | 4,994 | |
Purchased loans | Real estate – construction: | Not Subject to Credit Risk Assessment | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 0 | |
Four years prior | 0 | 0 | |
Prior | 0 | 0 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 0 | 0 | |
Purchased loans | Real estate – construction: | Residential | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 1,259 | 1,287 | |
Purchased loans | Real estate – construction: | Residential | Subject to Credit Risk Assessment | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 601 | |
Four years prior | 575 | 0 | |
Prior | 684 | 686 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 1,259 | 1,287 | |
Purchased loans | Real estate – construction: | Residential | Pass | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 601 | |
Four years prior | 575 | 0 | |
Prior | 684 | 686 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 1,259 | 1,287 | |
Purchased loans | Real estate – construction: | Residential | Special Mention | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 0 | |
Four years prior | 0 | 0 | |
Prior | 0 | 0 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 0 | 0 | |
Purchased loans | Real estate – construction: | Residential | Substandard | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 0 | |
Four years prior | 0 | 0 | |
Prior | 0 | 0 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 0 | 0 | |
Purchased loans | Real estate – construction: | Residential | Not Subject to Credit Risk Assessment | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 0 | |
Four years prior | 0 | 0 | |
Prior | 0 | 0 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 0 | 0 | |
Purchased loans | Real estate – construction: | Residential | Not Subject to Credit Risk Assessment | Performing Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 0 | |
Four years prior | 0 | 0 | |
Prior | 0 | 0 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 0 | 0 | |
Purchased loans | Real estate – construction: | Residential | Not Subject to Credit Risk Assessment | Non-Performing Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 0 | |
Four years prior | 0 | 0 | |
Prior | 0 | 0 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 0 | 0 | |
Purchased loans | Real estate – construction: | Commercial | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 3,865 | 3,707 | |
Purchased loans | Real estate – construction: | Commercial | Subject to Credit Risk Assessment | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 0 | |
Four years prior | 0 | 0 | |
Prior | 3,865 | 3,707 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 3,865 | 3,707 | |
Purchased loans | Real estate – construction: | Commercial | Pass | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 0 | |
Four years prior | 0 | 0 | |
Prior | 3,865 | 3,707 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 3,865 | 3,707 | |
Purchased loans | Real estate – construction: | Commercial | Special Mention | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 0 | |
Four years prior | 0 | 0 | |
Prior | 0 | 0 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 0 | 0 | |
Purchased loans | Real estate – construction: | Commercial | Substandard | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 0 | |
Four years prior | 0 | 0 | |
Prior | 0 | 0 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 0 | 0 | |
Purchased loans | Real estate – construction: | Commercial | Not Subject to Credit Risk Assessment | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 0 | |
Four years prior | 0 | 0 | |
Prior | 0 | 0 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 0 | 0 | |
Purchased loans | Real estate – construction: | Commercial | Not Subject to Credit Risk Assessment | Performing Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 0 | |
Four years prior | 0 | 0 | |
Prior | 0 | 0 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 0 | 0 | |
Purchased loans | Real estate – construction: | Commercial | Not Subject to Credit Risk Assessment | Non-Performing Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 0 | |
Four years prior | 0 | 0 | |
Prior | 0 | 0 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 0 | 0 | |
Purchased loans | Real estate – 1-4 family mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 196,392 | 215,773 | |
Purchased loans | Real estate – 1-4 family mortgage: | Subject to Credit Risk Assessment | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 152 | |
Three years prior | 152 | 10,151 | |
Four years prior | 9,106 | 2,781 | |
Prior | 32,889 | 32,841 | |
Revolving Loans | 903 | 1,476 | |
Revolving Loans Converted to Term | 191 | 201 | |
Loans, net of unearned income | 43,241 | 47,602 | |
Purchased loans | Real estate – 1-4 family mortgage: | Not Subject to Credit Risk Assessment | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 202 | |
Three years prior | 200 | 1,480 | |
Four years prior | 1,079 | 19,988 | |
Prior | 110,964 | 101,060 | |
Revolving Loans | 39,583 | 44,086 | |
Revolving Loans Converted to Term | 1,325 | 1,355 | |
Loans, net of unearned income | 153,151 | 168,171 | |
Purchased loans | Real estate – 1-4 family mortgage: | Primary | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 122,063 | 134,070 | |
Purchased loans | Real estate – 1-4 family mortgage: | Primary | Subject to Credit Risk Assessment | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 34 | |
Three years prior | 35 | 2,485 | |
Four years prior | 2,317 | 1,367 | |
Prior | 12,126 | 12,336 | |
Revolving Loans | 158 | 161 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 14,636 | 16,383 | |
Purchased loans | Real estate – 1-4 family mortgage: | Primary | Pass | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 34 | |
Three years prior | 35 | 2,485 | |
Four years prior | 2,317 | 1,367 | |
Prior | 9,148 | 9,408 | |
Revolving Loans | 158 | 161 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 11,658 | 13,455 | |
Purchased loans | Real estate – 1-4 family mortgage: | Primary | Special Mention | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 0 | |
Four years prior | 0 | 0 | |
Prior | 56 | 59 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 56 | 59 | |
Purchased loans | Real estate – 1-4 family mortgage: | Primary | Substandard | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 0 | |
Four years prior | 0 | 0 | |
Prior | 2,922 | 2,869 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 2,922 | 2,869 | |
Purchased loans | Real estate – 1-4 family mortgage: | Primary | Not Subject to Credit Risk Assessment | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 202 | |
Three years prior | 200 | 938 | |
Four years prior | 538 | 17,505 | |
Prior | 106,613 | 98,961 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 76 | 81 | |
Loans, net of unearned income | 107,427 | 117,687 | |
Purchased loans | Real estate – 1-4 family mortgage: | Primary | Not Subject to Credit Risk Assessment | Performing Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 202 | |
Three years prior | 200 | 829 | |
Four years prior | 429 | 16,902 | |
Prior | 101,584 | 94,607 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 76 | 81 | |
Loans, net of unearned income | 102,289 | 112,621 | |
Purchased loans | Real estate – 1-4 family mortgage: | Primary | Not Subject to Credit Risk Assessment | Non-Performing Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 109 | |
Four years prior | 109 | 603 | |
Prior | 5,029 | 4,354 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 5,138 | 5,066 | |
Purchased loans | Real estate – 1-4 family mortgage: | Home equity | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 46,239 | 51,496 | |
Purchased loans | Real estate – 1-4 family mortgage: | Home equity | Subject to Credit Risk Assessment | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 0 | |
Four years prior | 0 | 0 | |
Prior | 38 | 42 | |
Revolving Loans | 590 | 1,087 | |
Revolving Loans Converted to Term | 191 | 201 | |
Loans, net of unearned income | 819 | 1,330 | |
Purchased loans | Real estate – 1-4 family mortgage: | Home equity | Pass | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 0 | |
Four years prior | 0 | 0 | |
Prior | 38 | 42 | |
Revolving Loans | 590 | 717 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 628 | 759 | |
Purchased loans | Real estate – 1-4 family mortgage: | Home equity | Special Mention | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 0 | |
Four years prior | 0 | 0 | |
Prior | 0 | 0 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 0 | 0 | |
Purchased loans | Real estate – 1-4 family mortgage: | Home equity | Substandard | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 0 | |
Four years prior | 0 | 0 | |
Prior | 0 | 0 | |
Revolving Loans | 0 | 370 | |
Revolving Loans Converted to Term | 191 | 201 | |
Loans, net of unearned income | 191 | 571 | |
Purchased loans | Real estate – 1-4 family mortgage: | Home equity | Not Subject to Credit Risk Assessment | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 542 | |
Four years prior | 541 | 2,441 | |
Prior | 4,047 | 1,823 | |
Revolving Loans | 39,583 | 44,086 | |
Revolving Loans Converted to Term | 1,249 | 1,274 | |
Loans, net of unearned income | 45,420 | 50,166 | |
Purchased loans | Real estate – 1-4 family mortgage: | Home equity | Not Subject to Credit Risk Assessment | Performing Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 542 | |
Four years prior | 541 | 2,441 | |
Prior | 3,994 | 1,769 | |
Revolving Loans | 39,011 | 43,700 | |
Revolving Loans Converted to Term | 1,120 | 1,141 | |
Loans, net of unearned income | 44,666 | 49,593 | |
Purchased loans | Real estate – 1-4 family mortgage: | Home equity | Not Subject to Credit Risk Assessment | Non-Performing Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 0 | |
Four years prior | 0 | 0 | |
Prior | 53 | 54 | |
Revolving Loans | 572 | 386 | |
Revolving Loans Converted to Term | 129 | 133 | |
Loans, net of unearned income | 754 | 573 | |
Purchased loans | Real estate – 1-4 family mortgage: | Rental/investment | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 18,694 | 20,229 | |
Purchased loans | Real estate – 1-4 family mortgage: | Rental/investment | Subject to Credit Risk Assessment | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 118 | |
Three years prior | 117 | 804 | |
Four years prior | 314 | 1,273 | |
Prior | 18,108 | 17,806 | |
Revolving Loans | 155 | 228 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 18,694 | 20,229 | |
Purchased loans | Real estate – 1-4 family mortgage: | Rental/investment | Pass | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 118 | |
Three years prior | 117 | 804 | |
Four years prior | 314 | 1,273 | |
Prior | 17,367 | 17,035 | |
Revolving Loans | 5 | 77 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 17,803 | 19,307 | |
Purchased loans | Real estate – 1-4 family mortgage: | Rental/investment | Special Mention | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 0 | |
Four years prior | 0 | 0 | |
Prior | 0 | 38 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 0 | 38 | |
Purchased loans | Real estate – 1-4 family mortgage: | Rental/investment | Substandard | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 0 | |
Four years prior | 0 | 0 | |
Prior | 741 | 733 | |
Revolving Loans | 150 | 151 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 891 | 884 | |
Purchased loans | Real estate – 1-4 family mortgage: | Rental/investment | Not Subject to Credit Risk Assessment | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 0 | |
Four years prior | 0 | 0 | |
Prior | 0 | 0 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 0 | 0 | |
Purchased loans | Real estate – 1-4 family mortgage: | Rental/investment | Not Subject to Credit Risk Assessment | Performing Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 0 | |
Four years prior | 0 | 0 | |
Prior | 0 | 0 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 0 | 0 | |
Purchased loans | Real estate – 1-4 family mortgage: | Rental/investment | Not Subject to Credit Risk Assessment | Non-Performing Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 0 | |
Four years prior | 0 | 0 | |
Prior | 0 | 0 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 0 | 0 | |
Purchased loans | Real estate – 1-4 family mortgage: | Land development | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 9,396 | 9,978 | |
Purchased loans | Real estate – 1-4 family mortgage: | Land development | Subject to Credit Risk Assessment | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 6,862 | |
Four years prior | 6,475 | 141 | |
Prior | 2,617 | 2,657 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 9,092 | 9,660 | |
Purchased loans | Real estate – 1-4 family mortgage: | Land development | Pass | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 6,862 | |
Four years prior | 6,475 | 111 | |
Prior | 1,285 | 1,249 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 7,760 | 8,222 | |
Purchased loans | Real estate – 1-4 family mortgage: | Land development | Special Mention | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 0 | |
Four years prior | 0 | 0 | |
Prior | 0 | 0 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 0 | 0 | |
Purchased loans | Real estate – 1-4 family mortgage: | Land development | Substandard | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 0 | |
Four years prior | 0 | 30 | |
Prior | 1,332 | 1,408 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 1,332 | 1,438 | |
Purchased loans | Real estate – 1-4 family mortgage: | Land development | Not Subject to Credit Risk Assessment | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 0 | |
Four years prior | 0 | 42 | |
Prior | 304 | 276 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 304 | 318 | |
Purchased loans | Real estate – 1-4 family mortgage: | Land development | Not Subject to Credit Risk Assessment | Performing Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 0 | |
Four years prior | 0 | 42 | |
Prior | 304 | 276 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 304 | 318 | |
Purchased loans | Real estate – 1-4 family mortgage: | Land development | Not Subject to Credit Risk Assessment | Non-Performing Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 0 | |
Four years prior | 0 | 0 | |
Prior | 0 | 0 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 0 | 0 | |
Purchased loans | Real estate – commercial mortgage: | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 632,324 | 663,053 | |
Purchased loans | Real estate – commercial mortgage: | Subject to Credit Risk Assessment | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 325 | |
Three years prior | 322 | 50,519 | |
Four years prior | 49,086 | 123,254 | |
Prior | 566,330 | 467,983 | |
Revolving Loans | 1,758 | 5,912 | |
Revolving Loans Converted to Term | 14,136 | 14,324 | |
Loans, net of unearned income | 631,632 | 662,317 | |
Purchased loans | Real estate – commercial mortgage: | Not Subject to Credit Risk Assessment | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 147 | |
Four years prior | 145 | 31 | |
Prior | 547 | 558 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 692 | 736 | |
Purchased loans | Real estate – commercial mortgage: | Land development | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 15,942 | 18,344 | |
Purchased loans | Real estate – commercial mortgage: | Land development | Subject to Credit Risk Assessment | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 1,288 | |
Four years prior | 404 | 1,894 | |
Prior | 14,260 | 13,792 | |
Revolving Loans | 586 | 634 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 15,250 | 17,608 | |
Purchased loans | Real estate – commercial mortgage: | Land development | Pass | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 1,288 | |
Four years prior | 404 | 1,894 | |
Prior | 8,446 | 7,904 | |
Revolving Loans | 586 | 634 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 9,436 | 11,720 | |
Purchased loans | Real estate – commercial mortgage: | Land development | Special Mention | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 0 | |
Four years prior | 0 | 0 | |
Prior | 5,083 | 5,141 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 5,083 | 5,141 | |
Purchased loans | Real estate – commercial mortgage: | Land development | Substandard | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 0 | |
Four years prior | 0 | 0 | |
Prior | 731 | 747 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 731 | 747 | |
Purchased loans | Real estate – commercial mortgage: | Land development | Not Subject to Credit Risk Assessment | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 147 | |
Four years prior | 145 | 31 | |
Prior | 547 | 558 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 692 | 736 | |
Purchased loans | Real estate – commercial mortgage: | Land development | Not Subject to Credit Risk Assessment | Performing Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 147 | |
Four years prior | 145 | 31 | |
Prior | 547 | 558 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 692 | 736 | |
Purchased loans | Real estate – commercial mortgage: | Land development | Not Subject to Credit Risk Assessment | Non-Performing Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 0 | |
Four years prior | 0 | 0 | |
Prior | 0 | 0 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 0 | 0 | |
Purchased loans | Real estate – commercial mortgage: | Owner-occupied | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 220,247 | 234,132 | |
Purchased loans | Real estate – commercial mortgage: | Owner-occupied | Subject to Credit Risk Assessment | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 13,344 | |
Four years prior | 13,054 | 17,621 | |
Prior | 206,267 | 200,111 | |
Revolving Loans | 926 | 3,056 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 220,247 | 234,132 | |
Purchased loans | Real estate – commercial mortgage: | Owner-occupied | Pass | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 13,344 | |
Four years prior | 13,054 | 13,888 | |
Prior | 189,182 | 182,779 | |
Revolving Loans | 926 | 3,056 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 203,162 | 213,067 | |
Purchased loans | Real estate – commercial mortgage: | Owner-occupied | Special Mention | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 0 | |
Four years prior | 0 | 1,553 | |
Prior | 1,918 | 394 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 1,918 | 1,947 | |
Purchased loans | Real estate – commercial mortgage: | Owner-occupied | Substandard | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 0 | |
Four years prior | 0 | 2,180 | |
Prior | 15,167 | 16,938 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 15,167 | 19,118 | |
Purchased loans | Real estate – commercial mortgage: | Owner-occupied | Not Subject to Credit Risk Assessment | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 0 | |
Four years prior | 0 | 0 | |
Prior | 0 | 0 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 0 | 0 | |
Purchased loans | Real estate – commercial mortgage: | Owner-occupied | Not Subject to Credit Risk Assessment | Performing Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 0 | |
Four years prior | 0 | 0 | |
Prior | 0 | 0 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 0 | 0 | |
Purchased loans | Real estate – commercial mortgage: | Owner-occupied | Not Subject to Credit Risk Assessment | Non-Performing Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 0 | |
Four years prior | 0 | 0 | |
Prior | 0 | 0 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 0 | 0 | |
Purchased loans | Real estate – commercial mortgage: | Non-owner occupied | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 396,135 | 410,577 | |
Purchased loans | Real estate – commercial mortgage: | Non-owner occupied | Subject to Credit Risk Assessment | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 325 | |
Three years prior | 322 | 35,887 | |
Four years prior | 35,628 | 103,739 | |
Prior | 345,803 | 254,080 | |
Revolving Loans | 246 | 2,222 | |
Revolving Loans Converted to Term | 14,136 | 14,324 | |
Loans, net of unearned income | 396,135 | 410,577 | |
Purchased loans | Real estate – commercial mortgage: | Non-owner occupied | Pass | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 325 | |
Three years prior | 322 | 19,510 | |
Four years prior | 19,250 | 100,682 | |
Prior | 311,334 | 222,048 | |
Revolving Loans | 246 | 2,222 | |
Revolving Loans Converted to Term | 4,281 | 4,418 | |
Loans, net of unearned income | 335,433 | 349,205 | |
Purchased loans | Real estate – commercial mortgage: | Non-owner occupied | Special Mention | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 16,370 | |
Four years prior | 16,372 | 0 | |
Prior | 0 | 359 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 16,372 | 16,729 | |
Purchased loans | Real estate – commercial mortgage: | Non-owner occupied | Substandard | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 7 | |
Four years prior | 6 | 3,057 | |
Prior | 34,469 | 31,673 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 9,855 | 9,906 | |
Loans, net of unearned income | 44,330 | 44,643 | |
Purchased loans | Real estate – commercial mortgage: | Non-owner occupied | Not Subject to Credit Risk Assessment | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 0 | |
Four years prior | 0 | 0 | |
Prior | 0 | 0 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 0 | 0 | |
Purchased loans | Real estate – commercial mortgage: | Non-owner occupied | Not Subject to Credit Risk Assessment | Performing Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 0 | |
Four years prior | 0 | 0 | |
Prior | 0 | 0 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 0 | 0 | |
Purchased loans | Real estate – commercial mortgage: | Non-owner occupied | Not Subject to Credit Risk Assessment | Non-Performing Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 0 | |
Four years prior | 0 | 0 | |
Prior | 0 | 0 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 0 | 0 | |
Purchased loans | Installment loans to individuals | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans, net of unearned income | 31,361 | 35,775 | |
Purchased loans | Installment loans to individuals | Subject to Credit Risk Assessment | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 0 | |
Four years prior | 0 | 0 | |
Prior | 0 | 0 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 0 | 0 | |
Purchased loans | Installment loans to individuals | Pass | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 0 | |
Four years prior | 0 | 0 | |
Prior | 0 | 0 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 0 | 0 | |
Purchased loans | Installment loans to individuals | Special Mention | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 0 | |
Four years prior | 0 | 0 | |
Prior | 0 | 0 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 0 | 0 | |
Purchased loans | Installment loans to individuals | Substandard | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 0 | |
Four years prior | 0 | 0 | |
Prior | 0 | 0 | |
Revolving Loans | 0 | 0 | |
Revolving Loans Converted to Term | 0 | 0 | |
Loans, net of unearned income | 0 | 0 | |
Purchased loans | Installment loans to individuals | Not Subject to Credit Risk Assessment | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 20,581 | |
Four years prior | 17,963 | 9,721 | |
Prior | 11,983 | 3,881 | |
Revolving Loans | 1,391 | 1,558 | |
Revolving Loans Converted to Term | 24 | 34 | |
Loans, net of unearned income | 31,361 | 35,775 | |
Purchased loans | Installment loans to individuals | Not Subject to Credit Risk Assessment | Performing Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 20,566 | |
Four years prior | 17,959 | 9,714 | |
Prior | 11,912 | 3,684 | |
Revolving Loans | 1,378 | 1,541 | |
Revolving Loans Converted to Term | 20 | 23 | |
Loans, net of unearned income | 31,269 | 35,528 | |
Purchased loans | Installment loans to individuals | Not Subject to Credit Risk Assessment | Non-Performing Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Current year | 0 | 0 | |
Prior year | 0 | 0 | |
Two years prior | 0 | 0 | |
Three years prior | 0 | 15 | |
Four years prior | 4 | 7 | |
Prior | 71 | 197 | |
Revolving Loans | 13 | 17 | |
Revolving Loans Converted to Term | 4 | 11 | |
Loans, net of unearned income | $ 92 | $ 247 |
Allowance for Credit Losses - S
Allowance for Credit Losses - Summary of Total Non Purchased and Purchased Loans (Details) - USD ($) $ in Thousands | Mar. 31, 2022 | Dec. 31, 2021 | Mar. 31, 2021 | Dec. 31, 2020 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Gross loans | $ 10,318,571 | $ 10,024,981 | ||
Unearned income | (5,112) | (4,067) | ||
Loans, net of unearned income | 10,313,459 | 10,020,914 | $ 10,688,408 | |
Allowance for credit losses | (166,468) | (164,171) | (173,106) | $ (176,144) |
Loans, net | 10,146,991 | 9,856,743 | ||
Non purchased loans and leases | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Gross loans | 9,344,002 | 9,015,078 | ||
Unearned income | (5,112) | (4,067) | ||
Loans, net of unearned income | 9,338,890 | 9,011,011 | ||
Non purchased loans and leases | Paycheck Protection Program | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans, net of unearned income | 8,382 | 58,391 | ||
Commercial, financial, agricultural | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Gross loans | 1,445,607 | 1,423,270 | ||
Loans, net of unearned income | 1,445,607 | 2,249,287 | ||
Allowance for credit losses | (33,606) | (33,922) | (37,592) | (39,031) |
Commercial, financial, agricultural | Non purchased loans and leases | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Gross loans | 1,336,239 | 1,332,962 | ||
Lease financing | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Gross loans | 94,954 | 80,192 | ||
Loans, net of unearned income | 89,842 | 75,256 | ||
Allowance for credit losses | (1,582) | (1,486) | (1,546) | (1,624) |
Lease financing | Non purchased loans and leases | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Gross loans | 94,954 | 80,192 | ||
Real estate – construction: | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Gross loans | 1,222,052 | 1,104,896 | ||
Loans, net of unearned income | 1,222,052 | 955,918 | ||
Allowance for credit losses | (18,411) | (16,419) | (14,977) | (16,047) |
Real estate – construction: | Non purchased loans and leases | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Gross loans | 1,216,928 | 1,099,902 | ||
Real estate – construction: | Residential | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Gross loans | 306,655 | 302,275 | ||
Real estate – construction: | Residential | Non purchased loans and leases | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Gross loans | 305,396 | 300,988 | ||
Real estate – construction: | Commercial | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Gross loans | 915,397 | 802,621 | ||
Real estate – construction: | Commercial | Non purchased loans and leases | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Gross loans | 911,532 | 798,914 | ||
Real estate – 1-4 family mortgage: | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Gross loans | 2,840,979 | 2,724,246 | ||
Loans, net of unearned income | 2,840,979 | 2,686,061 | ||
Allowance for credit losses | (36,848) | (32,356) | (31,694) | (32,165) |
Real estate – 1-4 family mortgage: | Non purchased loans and leases | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Gross loans | 2,644,587 | 2,508,473 | ||
Real estate – 1-4 family mortgage: | Primary | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Gross loans | 1,925,813 | 1,816,120 | ||
Real estate – 1-4 family mortgage: | Primary | Non purchased loans and leases | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Gross loans | 1,803,750 | 1,682,050 | ||
Real estate – 1-4 family mortgage: | Home equity | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Gross loans | 470,665 | 474,604 | ||
Real estate – 1-4 family mortgage: | Home equity | Non purchased loans and leases | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Gross loans | 424,426 | 423,108 | ||
Real estate – 1-4 family mortgage: | Rental/investment | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Gross loans | 292,811 | 288,474 | ||
Real estate – 1-4 family mortgage: | Rental/investment | Non purchased loans and leases | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Gross loans | 274,117 | 268,245 | ||
Real estate – 1-4 family mortgage: | Land development | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Gross loans | 151,690 | 145,048 | ||
Real estate – 1-4 family mortgage: | Land development | Non purchased loans and leases | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Gross loans | 142,294 | 135,070 | ||
Real estate – commercial mortgage: | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Gross loans | 4,577,864 | 4,549,037 | ||
Loans, net of unearned income | 4,577,864 | 4,549,027 | ||
Allowance for credit losses | (65,231) | (68,940) | (76,225) | (76,127) |
Real estate – commercial mortgage: | Non purchased loans and leases | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Gross loans | 3,945,540 | 3,885,984 | ||
Real estate – commercial mortgage: | Land development | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Gross loans | 132,055 | 128,739 | ||
Real estate – commercial mortgage: | Owner-occupied | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Gross loans | 1,538,693 | 1,563,351 | ||
Real estate – commercial mortgage: | Owner-occupied | Non purchased loans and leases | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Gross loans | 1,318,446 | 1,329,219 | ||
Real estate – commercial mortgage: | Non-owner occupied | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Gross loans | 2,907,116 | 2,856,947 | ||
Real estate – commercial mortgage: | Non-owner occupied | Non purchased loans and leases | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Gross loans | 2,510,981 | 2,446,370 | ||
Installment loans to individuals | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Gross loans | 137,115 | 143,340 | ||
Loans, net of unearned income | 137,115 | 172,859 | ||
Allowance for credit losses | (10,790) | (11,048) | $ (11,072) | $ (11,150) |
Installment loans to individuals | Non purchased loans and leases | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Gross loans | $ 105,754 | $ 107,565 |
Allowance for Credit Losses - A
Allowance for Credit Losses - Additional Information (Details) - USD ($) $ in Thousands | 3 Months Ended | |||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | Dec. 31, 2021 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Interest receivable | $ 40,409 | $ 41,692 | ||
Deferred interest, allowance for credit loss | 1,266 | $ 1,273 | ||
Provision for credit losses on loans | $ 1,500 | $ 0 | $ 0 | |
Supportable period | 2 years | |||
Real estate – construction: | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Provision for credit losses on loans | $ 1,992 | (1,031) | ||
Lease financing | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Provision for credit losses on loans | $ 91 | $ (89) |
Allowance for Credit Losses - R
Allowance for Credit Losses - Roll Forward Of the Allowance for Loan Losses (Details) - USD ($) $ in Thousands | 3 Months Ended | |||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | Dec. 31, 2021 | |
Allowance for loan losses: | ||||
Beginning balance | $ 164,171 | $ 176,144 | ||
Charge-offs | (3,057) | (5,370) | ||
Recoveries | 2,206 | 2,332 | ||
Net (charge-offs) recoveries | (851) | (3,038) | ||
Provision for credit losses on loans | 1,500 | 0 | $ 0 | |
Ending balance | 166,468 | 173,106 | ||
Individually evaluated | 12,851 | 15,593 | ||
Collectively evaluated | 153,617 | 157,513 | ||
Loans: | ||||
Individually evaluated | 33,581 | 40,875 | ||
Collectively evaluated | 10,279,878 | 10,647,533 | ||
Gross loans | 10,313,459 | 10,688,408 | $ 10,020,914 | |
Nonaccruing loans with no allowance for credit losses | 8,349 | 8,656 | ||
Commercial, financial, agricultural | ||||
Allowance for loan losses: | ||||
Beginning balance | 33,922 | 39,031 | ||
Charge-offs | (2,102) | (3,498) | ||
Recoveries | 1,136 | 289 | ||
Net (charge-offs) recoveries | (966) | (3,209) | ||
Provision for credit losses on loans | (998) | 1,770 | ||
Ending balance | 33,606 | 37,592 | ||
Individually evaluated | 9,225 | 9,908 | ||
Collectively evaluated | 24,381 | 27,684 | ||
Loans: | ||||
Individually evaluated | 13,070 | 15,435 | ||
Collectively evaluated | 1,432,537 | 2,233,852 | ||
Gross loans | 1,445,607 | 2,249,287 | ||
Nonaccruing loans with no allowance for credit losses | 435 | 1,848 | ||
Real estate – construction: | ||||
Allowance for loan losses: | ||||
Beginning balance | 16,419 | 16,047 | ||
Charge-offs | 0 | (52) | ||
Recoveries | 0 | 13 | ||
Net (charge-offs) recoveries | 0 | (39) | ||
Provision for credit losses on loans | 1,992 | (1,031) | ||
Ending balance | 18,411 | 14,977 | ||
Individually evaluated | 0 | 0 | ||
Collectively evaluated | 18,411 | 14,977 | ||
Loans: | ||||
Individually evaluated | 0 | 0 | ||
Collectively evaluated | 1,222,052 | 955,918 | ||
Gross loans | 1,222,052 | 955,918 | ||
Nonaccruing loans with no allowance for credit losses | 0 | 0 | ||
Real estate – 1-4 family mortgage: | ||||
Allowance for loan losses: | ||||
Beginning balance | 32,356 | 32,165 | ||
Charge-offs | (163) | (101) | ||
Recoveries | 178 | 261 | ||
Net (charge-offs) recoveries | 15 | 160 | ||
Provision for credit losses on loans | 4,477 | (631) | ||
Ending balance | 36,848 | 31,694 | ||
Individually evaluated | 396 | 232 | ||
Collectively evaluated | 36,452 | 31,462 | ||
Loans: | ||||
Individually evaluated | 4,477 | 6,311 | ||
Collectively evaluated | 2,836,502 | 2,679,750 | ||
Gross loans | 2,840,979 | 2,686,061 | ||
Nonaccruing loans with no allowance for credit losses | 2,614 | 4,695 | ||
Real estate – commercial mortgage: | ||||
Allowance for loan losses: | ||||
Beginning balance | 68,940 | 76,127 | ||
Charge-offs | (6) | (61) | ||
Recoveries | 155 | 171 | ||
Net (charge-offs) recoveries | 149 | 110 | ||
Provision for credit losses on loans | (3,858) | (12) | ||
Ending balance | 65,231 | 76,225 | ||
Individually evaluated | 2,660 | 4,846 | ||
Collectively evaluated | 62,571 | 71,379 | ||
Loans: | ||||
Individually evaluated | 15,464 | 18,508 | ||
Collectively evaluated | 4,562,400 | 4,530,519 | ||
Gross loans | 4,577,864 | 4,549,027 | ||
Nonaccruing loans with no allowance for credit losses | 5,298 | 2,113 | ||
Lease financing | ||||
Allowance for loan losses: | ||||
Beginning balance | 1,486 | 1,624 | ||
Charge-offs | (7) | 0 | ||
Recoveries | 12 | 11 | ||
Net (charge-offs) recoveries | 5 | 11 | ||
Provision for credit losses on loans | 91 | (89) | ||
Ending balance | 1,582 | 1,546 | ||
Individually evaluated | 0 | 0 | ||
Collectively evaluated | 1,582 | 1,546 | ||
Loans: | ||||
Individually evaluated | 0 | 0 | ||
Collectively evaluated | 89,842 | 75,256 | ||
Gross loans | 89,842 | 75,256 | ||
Nonaccruing loans with no allowance for credit losses | 0 | 0 | ||
Installment Loans to Individuals | ||||
Allowance for loan losses: | ||||
Beginning balance | 11,048 | 11,150 | ||
Charge-offs | (779) | (1,658) | ||
Recoveries | 725 | 1,587 | ||
Net (charge-offs) recoveries | (54) | (71) | ||
Provision for credit losses on loans | (204) | (7) | ||
Ending balance | 10,790 | 11,072 | ||
Individually evaluated | 570 | 607 | ||
Collectively evaluated | 10,220 | 10,465 | ||
Loans: | ||||
Individually evaluated | 570 | 621 | ||
Collectively evaluated | 136,545 | 172,238 | ||
Gross loans | 137,115 | 172,859 | ||
Nonaccruing loans with no allowance for credit losses | 2 | $ 0 | ||
Cumulative Effect, Period Of Adoption, Adjustment | ||||
Allowance for loan losses: | ||||
Beginning balance | 1,648 | |||
Cumulative Effect, Period Of Adoption, Adjustment | Commercial, financial, agricultural | ||||
Allowance for loan losses: | ||||
Beginning balance | 1,648 | |||
Cumulative Effect, Period Of Adoption, Adjustment | Real estate – construction: | ||||
Allowance for loan losses: | ||||
Beginning balance | 0 | |||
Cumulative Effect, Period Of Adoption, Adjustment | Real estate – 1-4 family mortgage: | ||||
Allowance for loan losses: | ||||
Beginning balance | 0 | |||
Cumulative Effect, Period Of Adoption, Adjustment | Real estate – commercial mortgage: | ||||
Allowance for loan losses: | ||||
Beginning balance | 0 | |||
Cumulative Effect, Period Of Adoption, Adjustment | Lease financing | ||||
Allowance for loan losses: | ||||
Beginning balance | 0 | |||
Cumulative Effect, Period Of Adoption, Adjustment | Installment Loans to Individuals | ||||
Allowance for loan losses: | ||||
Beginning balance | $ 0 |
Allowance for Credit Losses - U
Allowance for Credit Losses - Unfunded Loan Commitments (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
Allowance for loan losses: | ||
Beginning balance | $ 20,035 | $ 20,535 |
(Recovery of) provision for credit losses on unfunded loan commitments (included in other noninterest expense) | (550) | 0 |
Ending balance | $ 19,485 | $ 20,535 |
Other Real Estate Owned - Cover
Other Real Estate Owned - Covered and Not Covered Under a Loss-Share Agreement, Net of Valuation Allowances and Direct Write-Downs (Details) - USD ($) $ in Thousands | Mar. 31, 2022 | Dec. 31, 2021 |
Other real estate owned ("OREO") covered and not covered under a loss-share agreement, net of valuation allowances and direct write-downs | ||
Purchased OREO | $ 1,531 | $ 1,589 |
Non Purchased OREO | 531 | 951 |
Total OREO | 2,062 | 2,540 |
Residential real estate | ||
Other real estate owned ("OREO") covered and not covered under a loss-share agreement, net of valuation allowances and direct write-downs | ||
Purchased OREO | 44 | 93 |
Non Purchased OREO | 332 | 166 |
Total OREO | 376 | 259 |
Commercial real estate | ||
Other real estate owned ("OREO") covered and not covered under a loss-share agreement, net of valuation allowances and direct write-downs | ||
Purchased OREO | 39 | 39 |
Non Purchased OREO | 136 | 722 |
Total OREO | 175 | 761 |
Residential land development | ||
Other real estate owned ("OREO") covered and not covered under a loss-share agreement, net of valuation allowances and direct write-downs | ||
Purchased OREO | 291 | 301 |
Non Purchased OREO | 4 | 4 |
Total OREO | 295 | 305 |
Commercial land development | ||
Other real estate owned ("OREO") covered and not covered under a loss-share agreement, net of valuation allowances and direct write-downs | ||
Purchased OREO | 1,157 | 1,156 |
Non Purchased OREO | 59 | 59 |
Total OREO | $ 1,216 | $ 1,215 |
Other Real Estate Owned - Chang
Other Real Estate Owned - Changes in Purchased and Non-Purchased OREO (Details) $ in Thousands | 3 Months Ended |
Mar. 31, 2022USD ($) | |
Purchased OREO | |
Balance at January 1, 2022 | $ 1,589 |
Transfers of loans | 36 |
Impairments | (14) |
Dispositions | (79) |
Other | (1) |
Balance at March 31, 2022 | 1,531 |
Non Purchased OREO | |
Balance at January 1, 2022 | 951 |
Transfers of loans | 164 |
Impairments | 0 |
Dispositions | (586) |
Other | 2 |
Balance at March 31, 2022 | 531 |
Total OREO | |
Balance at January 1, 2022 | 2,540 |
Transfers of loans | 200 |
Impairments | (14) |
Dispositions | (665) |
Other | 1 |
Balance at March 31, 2022 | $ 2,062 |
Other Real Estate Owned - Compo
Other Real Estate Owned - Components of OREO in the Consolidated Statements of Income (Details) - USD ($) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Dec. 31, 2021 | |
Real Estate Properties [Line Items] | |||
Repairs and maintenance | $ 3 | $ 20 | |
Property taxes and insurance | 35 | 11 | |
Impairments | 14 | 70 | |
Net gains on OREO sales | (291) | (56) | |
Rental income | (2) | (4) | |
Total | (241) | $ 41 | |
Residential | |||
Real Estate Properties [Line Items] | |||
Amortized cost of loans in foreclosure | $ 2,069 | $ 22 |
Goodwill and Other Intangible_3
Goodwill and Other Intangible Assets - Carrying Amounts of Goodwill by Operating Segments (Details) $ in Thousands | 3 Months Ended |
Mar. 31, 2022USD ($) | |
Goodwill [Roll Forward] | |
Balance at January 1, 2022 | $ 939,683 |
Additions to goodwill from the Southeastern Commercial Finance, LLC acquisition | 6,608 |
Balance at March 31, 2022 | 946,291 |
Community Banks | |
Goodwill [Roll Forward] | |
Balance at January 1, 2022 | 936,916 |
Additions to goodwill from the Southeastern Commercial Finance, LLC acquisition | 6,608 |
Balance at March 31, 2022 | 943,524 |
Insurance | |
Goodwill [Roll Forward] | |
Balance at January 1, 2022 | 2,767 |
Additions to goodwill from the Southeastern Commercial Finance, LLC acquisition | 0 |
Balance at March 31, 2022 | $ 2,767 |
Goodwill and Other Intangible_4
Goodwill and Other Intangible Assets - Summary of Finite-Lived Intangible Assets (Details) - USD ($) $ in Thousands | Mar. 31, 2022 | Dec. 31, 2021 |
Finite-Lived Intangible Assets, Net [Abstract] | ||
Gross Carrying Amount | $ 84,962 | $ 84,962 |
Accumulated Amortization | (62,231) | (60,864) |
Net Carrying Amount | 22,731 | 24,098 |
Core deposit intangibles | ||
Finite-Lived Intangible Assets, Net [Abstract] | ||
Gross Carrying Amount | 82,492 | 82,492 |
Accumulated Amortization | (60,720) | (59,399) |
Net Carrying Amount | 21,772 | 23,093 |
Customer relationship intangible | ||
Finite-Lived Intangible Assets, Net [Abstract] | ||
Gross Carrying Amount | 2,470 | 2,470 |
Accumulated Amortization | (1,511) | (1,465) |
Net Carrying Amount | $ 959 | $ 1,005 |
Goodwill and Other Intangible_5
Goodwill and Other Intangible Assets - Current Year Amortization Expense for Finite-Lived Intangible Assets (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
Finite-Lived Intangible Assets [Line Items] | ||
Total intangible amortization | $ 1,366 | $ 1,598 |
Core deposit intangibles | ||
Finite-Lived Intangible Assets [Line Items] | ||
Total intangible amortization | 1,321 | 1,553 |
Customer relationship intangible | ||
Finite-Lived Intangible Assets [Line Items] | ||
Total intangible amortization | $ 45 | $ 45 |
Goodwill and Other Intangible_6
Goodwill and Other Intangible Assets - Estimated Amortization Expense of Finite-Lived Intangible Assets (Details) $ in Thousands | Mar. 31, 2022USD ($) |
Finite-Lived Intangible Assets [Line Items] | |
2022 | $ 5,122 |
2023 | 4,225 |
2024 | 3,679 |
2025 | 3,283 |
2026 | 3,037 |
Core Deposit Intangibles | |
Finite-Lived Intangible Assets [Line Items] | |
2022 | 4,941 |
2023 | 4,044 |
2024 | 3,498 |
2025 | 3,102 |
2026 | 2,899 |
Customer relationship intangible | |
Finite-Lived Intangible Assets [Line Items] | |
2022 | 181 |
2023 | 181 |
2024 | 181 |
2025 | 181 |
2026 | $ 138 |
Mortgage Servicing Rights - Nar
Mortgage Servicing Rights - Narrative (Details) - USD ($) | 3 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
Disaggregation of Revenue [Line Items] | ||
(Positive) negative valuation adjustment to MSR | $ 0 | $ (13,561,000) |
Bank Servicing | ||
Disaggregation of Revenue [Line Items] | ||
Revenue | $ 4,423,000 | $ 4,071,000 |
Mortgage Servicing Rights - Cha
Mortgage Servicing Rights - Changes in the Company's MSRs (Details) $ in Thousands | 3 Months Ended |
Mar. 31, 2022USD ($) | |
Changes in mortgage servicing rights | |
Balance at January 1, 2022 | $ 89,018 |
Capitalization | 6,603 |
Amortization | (3,891) |
Balance at March 31, 2022 | $ 91,730 |
Mortgage Servicing Rights - Dat
Mortgage Servicing Rights - Data and Key Economic Assumptions Related to the Company's MRSs (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended |
Mar. 31, 2022 | Dec. 31, 2021 | |
Data and key economic assumptions related to mortgage servicing rights | ||
Unpaid principal balance | $ 8,931,901 | $ 8,728,629 |
Weighted-average prepayment speed (CPR) | 6.71% | 10.56% |
Estimated impact of a 10% increase | $ (5,883) | $ (3,875) |
Estimated impact of a 20% increase | $ (11,291) | $ (7,464) |
Discount rate | 9.68% | 9.82% |
Estimated impact of a 10% increase | $ (1,477) | $ (4,153) |
Estimated impact of a 20% increase | $ (3,264) | $ (8,119) |
Weighted-average coupon interest rate | 3.27% | 3.29% |
Weighted-average servicing fee (basis points) | 30.47% | 30.37% |
Weighted-average remaining maturity (in years) | 8 years 5 months 15 days | 6 years 8 months 8 days |
Employee Benefit and Deferred_3
Employee Benefit and Deferred Compensation Plans - Plan Expense for Non-Contributory Benefit Pension Plan and Post-Retirement Health and Life Plans (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
Pension Benefits | ||
Plan expense for noncontributory benefit pension plan and post-retirement health and life plans | ||
Service cost | $ 0 | $ 0 |
Interest cost | 184 | 166 |
Expected return on plan assets | (421) | (443) |
Recognized actuarial loss (gain) | 61 | 54 |
Net periodic (return) benefit cost | (176) | (223) |
Other Benefits | ||
Plan expense for noncontributory benefit pension plan and post-retirement health and life plans | ||
Service cost | 1 | 1 |
Interest cost | 3 | 4 |
Expected return on plan assets | 0 | 0 |
Recognized actuarial loss (gain) | (19) | 0 |
Net periodic (return) benefit cost | $ (15) | $ 5 |
Employee Benefit and Deferred_4
Employee Benefit and Deferred Compensation Plans - Narrative (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
Retirement Benefits [Abstract] | ||
Stock options granted (in shares) | 0 | 0 |
Share outstanding (in shares) | 0 | |
Treasury shares reissued (in shares) | 124,433 | |
Total stock-based compensation expense | $ 3,338 | $ 2,756 |
Employee Benefit and Deferred_5
Employee Benefit and Deferred Compensation Plans - Summary of the Changes in Restricted Stock (Details) | 3 Months Ended |
Mar. 31, 2022$ / sharesshares | |
Performance shares | |
Performance-Based Restricted Stock | |
Nonvested at beginning of period (shares) | shares | 146,561 |
Awarded (shares) | shares | 63,308 |
Vested (shares) | shares | 0 |
Cancelled (shares) | shares | 0 |
Nonvested at end of period (shares) | shares | 209,869 |
Weighted Average Grant-Date Fair Value | |
Nonvested at beginning balance (usd per share) | $ / shares | $ 34.67 |
Awarded (usd per share) | $ / shares | 38.62 |
Vested (usd per share) | $ / shares | 0 |
Cancelled (usd per share) | $ / shares | 0 |
Nonvested at end balance (usd per share) | $ / shares | $ 35.86 |
Restricted stock | |
Performance-Based Restricted Stock | |
Nonvested at beginning of period (shares) | shares | 603,714 |
Awarded (shares) | shares | 252,719 |
Vested (shares) | shares | (139,711) |
Cancelled (shares) | shares | (2,000) |
Nonvested at end of period (shares) | shares | 714,722 |
Weighted Average Grant-Date Fair Value | |
Nonvested at beginning balance (usd per share) | $ / shares | $ 34.48 |
Awarded (usd per share) | $ / shares | 38.32 |
Vested (usd per share) | $ / shares | 31.08 |
Cancelled (usd per share) | $ / shares | 35.85 |
Nonvested at end balance (usd per share) | $ / shares | $ 36.50 |
Derivative Instruments - Schedu
Derivative Instruments - Schedule of Notional and Fair Value of Derivative Instruments (Details) - USD ($) $ in Thousands | Mar. 31, 2022 | Dec. 31, 2021 |
Derivatives, Fair Value [Line Items] | ||
Derivative assets, fair value | $ 26,694 | $ 8,007 |
Derivative liabilities, fair value | 13,337 | 13,436 |
Not Designated as Hedging Instrument | ||
Derivatives, Fair Value [Line Items] | ||
Derivative assets, notional amount | 746,544 | 776,388 |
Derivative assets, fair value | 15,910 | 10,682 |
Derivative liabilities, notional amount | 375,468 | 525,408 |
Derivative liabilities, fair value | 6,353 | 5,490 |
Other Assets | Not Designated as Hedging Instrument | Interest Rate Contract | ||
Derivatives, Fair Value [Line Items] | ||
Derivative assets, notional amount | 179,648 | 185,447 |
Derivative assets, fair value | 3,662 | 4,711 |
Other Assets | Not Designated as Hedging Instrument | Interest Rate Lock Commitments | ||
Derivatives, Fair Value [Line Items] | ||
Derivative assets, notional amount | 130,896 | 310,941 |
Derivative assets, fair value | 2,032 | 5,304 |
Other Assets | Not Designated as Hedging Instrument | Forward Commitments | ||
Derivatives, Fair Value [Line Items] | ||
Derivative assets, notional amount | 436,000 | 280,000 |
Derivative assets, fair value | 10,216 | 667 |
Other Assets | Designated as Hedging Instrument | Interest Rate Swap | Cash Flow Hedging | ||
Derivatives, Fair Value [Line Items] | ||
Derivative assets, notional amount | 100,000 | 100,000 |
Derivative assets, fair value | 13,486 | 7,016 |
Other Liabilities | Not Designated as Hedging Instrument | Interest Rate Contract | ||
Derivatives, Fair Value [Line Items] | ||
Derivative liabilities, notional amount | 179,648 | 185,447 |
Derivative liabilities, fair value | 3,662 | 4,711 |
Other Liabilities | Not Designated as Hedging Instrument | Interest Rate Lock Commitments | ||
Derivatives, Fair Value [Line Items] | ||
Derivative liabilities, notional amount | 160,820 | 19,961 |
Derivative liabilities, fair value | 2,594 | 43 |
Other Liabilities | Not Designated as Hedging Instrument | Forward Commitments | ||
Derivatives, Fair Value [Line Items] | ||
Derivative liabilities, notional amount | 35,000 | 320,000 |
Derivative liabilities, fair value | 97 | 736 |
Other Liabilities | Designated as Hedging Instrument | Interest Rate Swap | Cash Flow Hedging | ||
Derivatives, Fair Value [Line Items] | ||
Derivative liabilities, notional amount | 30,000 | 62,000 |
Derivative liabilities, fair value | 816 | 2,902 |
Other Liabilities | Designated as Hedging Instrument | Interest Rate Swap | Fair Value Hedging | ||
Derivatives, Fair Value [Line Items] | ||
Derivative liabilities, notional amount | 100,000 | 100,000 |
Derivative liabilities, fair value | $ 11,754 | $ 5,411 |
Derivative Instruments - Gains
Derivative Instruments - Gains (Losses) of Derivative Instruments (Details) - Not Designated as Hedging Instrument - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
Gains (losses) on derivatives financial instruments included in the Consolidated Statements of Income | ||
Gains (losses) on derivative financial instruments | $ 4,670 | $ 10,851 |
Interest Income | Interest Rate Contract | ||
Gains (losses) on derivatives financial instruments included in the Consolidated Statements of Income | ||
Gains (losses) on derivative financial instruments | 305 | 370 |
Mortgage Banking Income | Interest Rate Lock Commitments | ||
Gains (losses) on derivatives financial instruments included in the Consolidated Statements of Income | ||
Gains (losses) on derivative financial instruments | (5,823) | (8,322) |
Mortgage Banking Income | Forward Commitments | ||
Gains (losses) on derivatives financial instruments included in the Consolidated Statements of Income | ||
Gains (losses) on derivative financial instruments | $ 10,188 | $ 18,803 |
Derivative Instruments - Fair V
Derivative Instruments - Fair Value Hedge Impact on Statement of Income (Details) - Interest Rate Swap - Designated as Hedging Instrument - Interest Expense - Fair Value Hedging - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
Derivative [Line Items] | ||
Change in unrealized gain (loss) on fair value hedging instruments | $ (6,343) | $ (7,650) |
Change in unrealized gain (loss) on hedged item in fair value hedge | $ 6,343 | $ 7,650 |
Derivative Instruments - Fair_2
Derivative Instruments - Fair Value Hedge Impact on Balance Sheet (Details) - Long-term Debt - USD ($) $ in Thousands | Mar. 31, 2022 | Dec. 31, 2021 |
Derivative [Line Items] | ||
Carrying Amount of the Hedged Liability | $ 86,786 | $ 93,085 |
Cumulative Amount of Fair Value Hedging Adjustments Included in the Carrying Amount of the Hedged Liability | $ 11,754 | $ 5,411 |
Derivative Instruments - Offset
Derivative Instruments - Offsetting Derivatives (Details) - USD ($) $ in Thousands | Mar. 31, 2022 | Dec. 31, 2021 |
Offsetting Derivative Assets | ||
Gross amounts recognized | $ 26,694 | $ 8,007 |
Gross amounts offset in the Consolidated Balance Sheets | 0 | 0 |
Net amounts presented in the Consolidated Balance Sheets | 26,694 | 8,007 |
Financial instruments | 12,382 | 7,208 |
Financial collateral pledged | 0 | 0 |
Net amounts | 14,312 | 799 |
Offsetting Derivative Liabilities | ||
Gross amounts recognized | 13,337 | 13,436 |
Gross amounts offset in the Consolidated Balance Sheets | 0 | 0 |
Net amounts presented in the Consolidated Balance Sheets | 13,337 | 13,436 |
Financial instruments | 12,382 | 7,208 |
Financial collateral pledged | 955 | 6,228 |
Net amounts | $ 0 | $ 0 |
Income Taxes - Significant Comp
Income Taxes - Significant Components of The Company's Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands | Mar. 31, 2022 | Dec. 31, 2021 |
Deferred tax assets | ||
Allowance for credit losses | $ 50,421 | $ 50,712 |
Loans | 2,602 | 2,855 |
Deferred compensation | 10,777 | 14,522 |
Net unrealized losses on securities | 35,769 | 3,545 |
Impairment of assets | 394 | 392 |
Net operating loss carryforwards | 1,035 | 1,211 |
Investment in partnerships | 930 | 890 |
Lease liabilities under operating leases | 15,423 | 17,106 |
Other | 4,179 | 3,241 |
Total deferred tax assets | 121,530 | 94,474 |
Deferred tax liabilities | ||
Fixed assets | 5,734 | 5,339 |
Mortgage servicing rights | 21,470 | 20,779 |
Junior subordinated debt | 2,093 | 2,130 |
Intangibles | 3,005 | 3,177 |
Lease right-of-use asset | 14,696 | 16,209 |
Other | 1,722 | 1,607 |
Total deferred tax liabilities | 48,720 | 49,241 |
Net deferred tax assets | $ 72,810 | $ 45,233 |
Income Taxes - Narrative (Detai
Income Taxes - Narrative (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
Income Tax Disclosure [Abstract] | ||
Income taxes | $ 7,935 | $ 16,842 |
Fair Value Measurements - Asset
Fair Value Measurements - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands | Mar. 31, 2022 | Dec. 31, 2021 |
Financial assets: | ||
Securities available for sale, at fair value | $ 2,405,316 | $ 2,386,052 |
Derivative instruments | 26,694 | 8,007 |
Financial liabilities: | ||
Derivative instruments | 13,337 | 13,436 |
Recurring | ||
Financial assets: | ||
Derivative instruments | 29,396 | 17,698 |
Mortgage loans held for sale in loans held for sale | 280,464 | 453,533 |
Total financial assets | 2,715,176 | 2,857,283 |
Financial liabilities: | ||
Derivative instruments | 18,923 | 13,803 |
Recurring | Securities available for sale | ||
Financial assets: | ||
Securities available for sale, at fair value | 2,405,316 | 2,386,052 |
Recurring | Level 1 | ||
Financial assets: | ||
Derivative instruments | 0 | 0 |
Mortgage loans held for sale in loans held for sale | 0 | 0 |
Total financial assets | 0 | 0 |
Financial liabilities: | ||
Derivative instruments | 0 | 0 |
Recurring | Level 1 | Securities available for sale | ||
Financial assets: | ||
Securities available for sale, at fair value | 0 | 0 |
Recurring | Level 2 | ||
Financial assets: | ||
Derivative instruments | 29,396 | 17,698 |
Mortgage loans held for sale in loans held for sale | 280,464 | 453,533 |
Total financial assets | 2,715,176 | 2,857,283 |
Financial liabilities: | ||
Derivative instruments | 18,923 | 13,803 |
Recurring | Level 2 | Securities available for sale | ||
Financial assets: | ||
Securities available for sale, at fair value | 2,405,316 | 2,386,052 |
Recurring | Level 3 | ||
Financial assets: | ||
Derivative instruments | 0 | 0 |
Mortgage loans held for sale in loans held for sale | 0 | 0 |
Total financial assets | 0 | 0 |
Financial liabilities: | ||
Derivative instruments | 0 | 0 |
Recurring | Level 3 | Securities available for sale | ||
Financial assets: | ||
Securities available for sale, at fair value | $ 0 | $ 0 |
Fair Value Measurements - Recon
Fair Value Measurements - Reconciliation for Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - Trust preferred securities $ in Thousands | 3 Months Ended |
Mar. 31, 2021USD ($) | |
Reconciliation for assets and liabilities measured at fair value on a recurring basis | |
Beginning balance | $ 9,012 |
Accretion included in net income | 7 |
Unrealized losses included in other comprehensive income | 941 |
Realized losses | 2,061 |
Sales | (12,021) |
Ending balance | $ 0 |
Fair Value Measurements - Ass_2
Fair Value Measurements - Assets Measured at Fair Value on a Nonrecurring Basis (Details) - Fair Value, measurements, nonrecurring - USD ($) $ in Thousands | Mar. 31, 2022 | Dec. 31, 2021 |
Impaired loans measured at fair value on a nonrecurring basis | ||
Individually evaluated loans, net of allowance for credit losses | $ 3,111 | $ 7,928 |
OREO | 2,062 | 2,540 |
Total financial assets | 5,173 | 10,468 |
Level 1 | ||
Impaired loans measured at fair value on a nonrecurring basis | ||
Individually evaluated loans, net of allowance for credit losses | 0 | 0 |
OREO | 0 | 0 |
Total financial assets | 0 | 0 |
Level 2 | ||
Impaired loans measured at fair value on a nonrecurring basis | ||
Individually evaluated loans, net of allowance for credit losses | 0 | 0 |
OREO | 0 | 0 |
Total financial assets | 0 | 0 |
Level 3 | ||
Impaired loans measured at fair value on a nonrecurring basis | ||
Individually evaluated loans, net of allowance for credit losses | 3,111 | 7,928 |
OREO | 2,062 | 2,540 |
Total financial assets | $ 5,173 | $ 10,468 |
Fair Value Measurements - Narra
Fair Value Measurements - Narrative (Details) - USD ($) | 3 Months Ended | |||
Mar. 31, 2022 | Mar. 31, 2021 | Dec. 31, 2021 | Dec. 31, 2020 | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Impaired loans not covered under loss-share agreements | $ 6,466,000 | $ 12,939,000 | ||
Specific reserve included in allowance for loan losses | 166,468,000 | $ 173,106,000 | 164,171,000 | $ 176,144,000 |
Valuation adjustment | 0 | (13,561,000) | ||
Changes in fair value, gain (loss) | (13,021,000) | $ 12,231,000 | ||
Impaired Loans, not covered | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Specific reserve included in allowance for loan losses | $ 3,355,000 | $ 5,011,000 |
Fair Value Measurements - OREO
Fair Value Measurements - OREO Measured at Fair Value on a Nonrecurring Basis (Details) - Level 3 - Fair Value, measurements, nonrecurring - USD ($) $ in Thousands | Mar. 31, 2022 | Dec. 31, 2021 |
OREO measured at fair value on a nonrecurring basis | ||
Carrying amount prior to remeasurement | $ 2,076 | $ 2,556 |
Impairment recognized in results of operations | (14) | (16) |
Fair value | $ 2,062 | $ 2,540 |
Fair Value Measurements - Signi
Fair Value Measurements - Significant Unobservable Inputs (Level 3) Used in Valuation of Assets and Liabilities Measured at Fair Value on Non-Recurring Basis (Details) - Level 3 $ in Thousands | Mar. 31, 2022USD ($) |
Individually evaluated loans, net of allowance for credit losses | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Abstract] | |
Fair Value | $ 3,111 |
OREO | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Abstract] | |
Fair Value | $ 2,062 |
Measurement input, price volatility | Minimum | Individually evaluated loans, net of allowance for credit losses | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Abstract] | |
Debt instrument, measurement input range | 0.04 |
Measurement input, price volatility | Minimum | OREO | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Abstract] | |
OREO, measurement input range | 0.04 |
Measurement input, price volatility | Maximum | Individually evaluated loans, net of allowance for credit losses | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Abstract] | |
Debt instrument, measurement input range | 0.10 |
Measurement input, price volatility | Maximum | OREO | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Abstract] | |
OREO, measurement input range | 0.10 |
Fair Value Measurements - Summa
Fair Value Measurements - Summarizes Differences Between Fair Value and Principal Balance for Mortgage Loans Held for Sale Measure at Fair Value (Details) - USD ($) $ in Thousands | Mar. 31, 2022 | Dec. 31, 2021 |
Aggregate Fair Value | ||
Summarizes differences between fair value and principal balance for mortgage loans held for sale measure at fair value | ||
Mortgage loans held for sale measured at fair value | $ 280,464 | $ 453,533 |
Aggregate Unpaid Principal Balance | ||
Summarizes differences between fair value and principal balance for mortgage loans held for sale measure at fair value | ||
Mortgage loans held for sale measured at fair value | 281,669 | 441,717 |
Difference | ||
Summarizes differences between fair value and principal balance for mortgage loans held for sale measure at fair value | ||
Mortgage loans held for sale measured at fair value | $ (1,205) | $ 11,816 |
Fair Value Measurements - Ass_3
Fair Value Measurements - Assets and Liabilities Not Measured and Reported at Fair Value on a Recurring Basis or Nonrecurring Basis (Details) - USD ($) $ in Thousands | Mar. 31, 2022 | Dec. 31, 2021 |
Financial assets | ||
Securities available for sale | $ 2,405,316 | $ 2,386,052 |
Loans held for sale | 280,464 | 453,533 |
Loans, net | 10,146,991 | 9,856,743 |
Mortgage servicing rights | 91,730 | 89,018 |
Derivative instruments | 26,694 | 8,007 |
Financial liabilities | ||
Derivative instruments | 13,337 | 13,436 |
Carrying Value | ||
Financial assets | ||
Cash and cash equivalents | 1,607,493 | 1,877,965 |
Securities available for sale | 2,405,316 | 2,386,052 |
Loans held for sale | 280,464 | 453,533 |
Loans, net | 10,146,991 | 9,856,743 |
Mortgage servicing rights | 91,730 | 89,018 |
Derivative instruments | 29,396 | 17,698 |
Financial liabilities | ||
Deposits | 13,990,897 | 13,905,724 |
Short-term borrowings | 111,279 | 13,947 |
Federal Home Loan Bank advances | 408 | 417 |
Junior subordinated debentures | 111,518 | 111,373 |
Subordinated notes | 323,490 | 359,419 |
Derivative instruments | 18,923 | 13,803 |
Fair Value | ||
Financial assets | ||
Cash and cash equivalents | 1,607,493 | 1,877,965 |
Securities available for sale | 2,405,316 | 2,386,052 |
Loans held for sale | 280,464 | 453,533 |
Loans, net | 9,860,650 | 9,690,604 |
Mortgage servicing rights | 131,896 | 99,425 |
Derivative instruments | 29,396 | 17,698 |
Financial liabilities | ||
Deposits | 13,971,891 | 13,902,739 |
Short-term borrowings | 111,279 | 13,947 |
Federal Home Loan Bank advances | 409 | 422 |
Junior subordinated debentures | 104,427 | 106,682 |
Subordinated notes | 322,900 | 373,950 |
Derivative instruments | 18,923 | 13,803 |
Fair Value | Level 1 | ||
Financial assets | ||
Cash and cash equivalents | 1,607,493 | 1,877,965 |
Securities available for sale | 0 | 0 |
Loans held for sale | 0 | 0 |
Loans, net | 0 | 0 |
Mortgage servicing rights | 0 | 0 |
Derivative instruments | 0 | 0 |
Financial liabilities | ||
Deposits | 12,650,868 | 12,494,342 |
Short-term borrowings | 111,279 | 13,947 |
Federal Home Loan Bank advances | 0 | 0 |
Junior subordinated debentures | 0 | 0 |
Subordinated notes | 0 | 0 |
Derivative instruments | 0 | 0 |
Fair Value | Level 2 | ||
Financial assets | ||
Cash and cash equivalents | 0 | 0 |
Securities available for sale | 2,405,316 | 2,386,052 |
Loans held for sale | 280,464 | 453,533 |
Loans, net | 0 | 0 |
Mortgage servicing rights | 0 | 0 |
Derivative instruments | 29,396 | 17,698 |
Financial liabilities | ||
Deposits | 1,321,023 | 1,408,397 |
Short-term borrowings | 0 | 0 |
Federal Home Loan Bank advances | 409 | 422 |
Junior subordinated debentures | 104,427 | 106,682 |
Subordinated notes | 322,900 | 373,950 |
Derivative instruments | 18,923 | 13,803 |
Fair Value | Level 3 | ||
Financial assets | ||
Cash and cash equivalents | 0 | 0 |
Securities available for sale | 0 | 0 |
Loans held for sale | 0 | 0 |
Loans, net | 9,860,650 | 9,690,604 |
Mortgage servicing rights | 131,896 | 99,425 |
Derivative instruments | 0 | 0 |
Financial liabilities | ||
Deposits | 0 | 0 |
Short-term borrowings | 0 | 0 |
Federal Home Loan Bank advances | 0 | 0 |
Junior subordinated debentures | 0 | 0 |
Subordinated notes | 0 | 0 |
Derivative instruments | $ 0 | $ 0 |
Other Comprehensive Income (L_3
Other Comprehensive Income (Loss) - Changes in the Components of Other Comprehensive Income (Loss), Net of Tax (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Total other comprehensive income (loss), pre-tax | $ (126,257) | $ (6,613) |
Total other comprehensive income (loss), tax expense (benefit) | (32,131) | (1,684) |
Other comprehensive loss, net of tax | (94,126) | (4,929) |
Securities available for sale: | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Other comprehensive income (loss), before reclassifications, pre-tax | (134,756) | (20,044) |
Other comprehensive income (loss) before reclassifications, tax expense (benefit) | (34,294) | (5,101) |
Other comprehensive income (loss), before reclassifications, net of tax | (100,462) | (14,943) |
Reclassification from AOCI, pre-tax | (1,357) | |
Reclassification from AOCI, tax expense (benefit) | (345) | |
Reclassification from AOCI, net of tax | (1,012) | |
Total other comprehensive income (loss), pre-tax | (134,855) | (21,401) |
Total other comprehensive income (loss), tax expense (benefit) | (34,319) | (5,446) |
Other comprehensive loss, net of tax | (100,536) | (15,955) |
Amortization of unrealized holding gains on securities transferred to the held to maturity category | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Reclassification from AOCI, pre-tax | 99 | |
Reclassification from AOCI, tax expense (benefit) | 25 | |
Reclassification from AOCI, net of tax | 74 | |
Derivative instruments: | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Other comprehensive income (loss), before reclassifications, pre-tax | 8,556 | 14,734 |
Other comprehensive income (loss) before reclassifications, tax expense (benefit) | 2,177 | 3,750 |
Other comprehensive income (loss), before reclassifications, net of tax | 6,379 | 10,984 |
Total other comprehensive income (loss), pre-tax | 8,556 | 14,734 |
Total other comprehensive income (loss), tax expense (benefit) | 2,177 | 3,750 |
Other comprehensive loss, net of tax | 6,379 | 10,984 |
Amortization of net actuarial loss recognized in net periodic pension cost | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Reclassification from AOCI, pre-tax | 42 | 54 |
Reclassification from AOCI, tax expense (benefit) | 11 | 12 |
Reclassification from AOCI, net of tax | 31 | 42 |
Total defined benefit pension and post-retirement benefit plans | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Total other comprehensive income (loss), pre-tax | 42 | 54 |
Total other comprehensive income (loss), tax expense (benefit) | 11 | 12 |
Other comprehensive loss, net of tax | $ 31 | $ 42 |
Other Comprehensive Income (L_4
Other Comprehensive Income (Loss) - Accumulated Balances for Each Component of Other Comprehensive Income (Loss), Net of Tax (Details) - USD ($) $ in Thousands | Mar. 31, 2022 | Dec. 31, 2021 |
Accumulated balances for component of other comprehensive income, net of tax | ||
Unrealized losses on securities | $ (109,652) | $ (9,116) |
Unrealized gains on derivative instruments | 10,342 | 3,963 |
Unrecognized losses on defined benefit pension and post-retirement benefit plans obligations | (5,259) | (5,290) |
Total accumulated other comprehensive loss | $ (104,569) | $ (10,443) |
Net Income Per Common Share - B
Net Income Per Common Share - Basic and Diluted Net Income Per Common Share (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
Basic | ||
Net income applicable to common stock | $ 33,547 | $ 57,908 |
Average common shares outstanding (shares) | 55,809,192 | 56,240,201 |
Net income per common share - basic (usd per share) | $ 0.60 | $ 1.03 |
Diluted | ||
Net income applicable to common stock | $ 33,547 | $ 57,908 |
Average common shares outstanding (shares) | 55,809,192 | 56,240,201 |
Effect of dilutive stock-based compensation (shares) | 272,671 | 278,998 |
Average common shares outstanding - diluted (shares) | 56,081,863 | 56,519,199 |
Net income per common share - diluted (usd per share) | $ 0.60 | $ 1.02 |
Net Income Per Common Share - A
Net Income Per Common Share - Antidilutive Securities (Details) - shares | 3 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
Employee stock option | ||
Schedule of antidilutive securities excluded from computation of earnings per share | ||
Number of shares (in shares) | 2,200 | 1,875 |
Regulatory Matters - Guidelines
Regulatory Matters - Guidelines Governing the Classification of Capital Tiers (Details) | Mar. 31, 2022 |
Banking and Thrift, Interest [Abstract] | |
Tier 1 Capital to Average Assets (Leverage), Well capitalized | 0.05 |
Tier 1 Capital to Average Assets (Leverage), Adequately capitalized | 0.04 |
Tier 1 Capital to Average Assets (Leverage), Undercapitalized | 4.00% |
Tier 1 Capital to Average Assets (Leverage), Significantly undercapitalized | 3.00% |
Common Equity Tier 1 to Risk-Weighted Assets, Well capitalized | 6.50% |
Common Equity Tier 1 to Risk-Weighted Assets, Adequately capitalized | 4.50% |
Common Equity Tier 1 to Risk-Weighted Assets, Undercapitalized | 4.50% |
Common Equity Tier 1 to Risk-Weighted Assets, Significantly undercapitalized | 3.00% |
Tier 1 Capital to Risk-Weighted Assets, Well capitalized | 0.08 |
Tier 1 Capital to Risk-Weighted Assets, Adequately capitalized | 0.06 |
Tier 1 Capital to Risk-Weighted Assets, Undercapitalized | 6.00% |
Tier 1 Capital to Risk-Weighted Assets, Significantly undercapitalized | 4.00% |
Total Capital to Risk-Weighted Assets, Well capitalized | 0.10 |
Total Capital to Risk-Weighted Assets, Adequately capitalized | 0.08 |
Total Capital to Risk-Weighted Assets, Undercapitalized | 8.00% |
Total Capital to Risk-Weighted Assets, Significantly undercapitalized | 6.00% |
Critically undercapitalized | 2.00% |
Regulatory Matters - Capital an
Regulatory Matters - Capital and Risk-Based Capital and Leverage Ratios (Details) $ in Thousands | Mar. 31, 2022USD ($) | Dec. 31, 2021USD ($) |
Renasant corporation | ||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ||
Tier 1 Capital to Average Assets (Leverage) - Amount | $ 1,424,268 | $ 1,422,077 |
Tier 1 Capital to Average Assets (Leverage) - Ratio | 0.0900 | 0.0915 |
Common Equity Tier 1 Capital to Risk-Weighted Assets - Amount | $ 1,316,342 | $ 1,314,295 |
Common Equity Tier 1 Capital to Risk-Weighted Assets - Ratio | 10.78% | 11.18% |
Tier 1 Capital to Risk-Weighted Assets - Amount | $ 1,424,268 | $ 1,422,077 |
Tier 1 Capital to Risk-Weighted Assets - Ratio | 0.1167 | 0.1210 |
Total Capital to Risk-Weighted Assets - Amount | $ 1,892,630 | $ 1,897,167 |
Total Capital to Risk-Weighted Assets - Ratio | 0.1550 | 0.1614 |
Renasant bank | ||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ||
Tier 1 Capital to Average Assets (Leverage) - Amount | $ 1,581,608 | $ 1,580,904 |
Tier 1 Capital to Average Assets (Leverage) - Ratio | 0.1000 | 0.1018 |
Common Equity Tier 1 Capital to Risk-Weighted Assets - Amount | $ 1,581,608 | $ 1,580,904 |
Common Equity Tier 1 Capital to Risk-Weighted Assets - Ratio | 12.95% | 13.46% |
Tier 1 Capital to Risk-Weighted Assets - Amount | $ 1,581,608 | $ 1,580,904 |
Tier 1 Capital to Risk-Weighted Assets - Ratio | 0.1295 | 0.1346 |
Total Capital to Risk-Weighted Assets - Amount | $ 1,714,725 | $ 1,697,163 |
Total Capital to Risk-Weighted Assets - Ratio | 0.1404 | 0.1444 |
Regulatory Matters-Narrative (D
Regulatory Matters-Narrative (Details) | Jan. 01, 2022 |
Banking and Thrift, Interest [Abstract] | |
Regulatory capital, transitional period to phase out capital benefit | 3 years |
Segment Reporting - Financial I
Segment Reporting - Financial Information for Operating Segments (Details) - USD ($) $ in Thousands | 3 Months Ended | |||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | Dec. 31, 2021 | |
Financial information for the Company's operating segments | ||||
Net interest income (loss) | $ 99,629 | $ 109,648 | ||
Provision for credit losses | 1,500 | 0 | $ 0 | |
Noninterest income (loss) | 37,458 | 81,037 | ||
Noninterest expense | 94,105 | 115,935 | ||
Income (loss) before income taxes | 41,482 | 74,750 | ||
Income tax expense (benefit) | 7,935 | 16,842 | ||
Net income (loss) | 33,547 | 57,908 | ||
Total assets | 16,863,757 | 15,622,571 | $ 16,810,311 | |
Goodwill | 946,291 | 939,683 | 939,683 | |
Community Banks | ||||
Financial information for the Company's operating segments | ||||
Goodwill | 943,524 | 936,916 | ||
Insurance | ||||
Financial information for the Company's operating segments | ||||
Goodwill | 2,767 | $ 2,767 | ||
Operating segments | Community Banks | ||||
Financial information for the Company's operating segments | ||||
Net interest income (loss) | 103,932 | 112,948 | ||
Provision for credit losses | 1,500 | 0 | ||
Noninterest income (loss) | 28,306 | 73,070 | ||
Noninterest expense | 86,871 | 109,586 | ||
Income (loss) before income taxes | 43,867 | 76,432 | ||
Income tax expense (benefit) | 9,131 | 17,656 | ||
Net income (loss) | 34,736 | 58,776 | ||
Total assets | 16,757,670 | 15,525,500 | ||
Goodwill | 943,524 | 936,916 | ||
Operating segments | Insurance | ||||
Financial information for the Company's operating segments | ||||
Net interest income (loss) | 93 | 107 | ||
Provision for credit losses | 0 | 0 | ||
Noninterest income (loss) | 3,097 | 3,248 | ||
Noninterest expense | 2,116 | 1,923 | ||
Income (loss) before income taxes | 1,074 | 1,432 | ||
Income tax expense (benefit) | 281 | 367 | ||
Net income (loss) | 793 | 1,065 | ||
Total assets | 33,794 | 31,004 | ||
Goodwill | 2,767 | 2,767 | ||
Operating segments | Wealth Management | ||||
Financial information for the Company's operating segments | ||||
Net interest income (loss) | 490 | 384 | ||
Provision for credit losses | 0 | 0 | ||
Noninterest income (loss) | 6,505 | 5,171 | ||
Noninterest expense | 4,755 | 4,101 | ||
Income (loss) before income taxes | 2,240 | 1,454 | ||
Income tax expense (benefit) | 0 | 0 | ||
Net income (loss) | 2,240 | 1,454 | ||
Total assets | 64,761 | 64,320 | ||
Goodwill | 0 | 0 | ||
Other | ||||
Financial information for the Company's operating segments | ||||
Net interest income (loss) | (4,886) | (3,791) | ||
Provision for credit losses | 0 | 0 | ||
Noninterest income (loss) | (450) | (452) | ||
Noninterest expense | 363 | 325 | ||
Income (loss) before income taxes | (5,699) | (4,568) | ||
Income tax expense (benefit) | (1,477) | (1,181) | ||
Net income (loss) | (4,222) | (3,387) | ||
Total assets | 7,532 | 1,747 | ||
Goodwill | $ 0 | $ 0 |