LOANS AND ALLOWANCE FOR LOAN LOSSES (Tables)

v3.6.0.2

LOANS AND ALLOWANCE FOR LOAN LOSSES (Tables)	12 Months Ended
	Dec. 31, 2016
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans Stated at Face Amount, Net of Unearned Income	Loans are stated at their face amount, net of deferred fees and costs, and consist of the following at December 31, 2016 and 2015 (dollars in thousands):     2016   2015 Construction and Land Development $ 751,131   $ 749,720 Commercial Real Estate - Owner Occupied 857,805   860,086 Commercial Real Estate - Non-Owner Occupied 1,564,295   1,270,480 Multifamily Real Estate 334,276   322,528 Commercial & Industrial 551,526   435,365 Residential 1-4 Family 1,029,547   978,469 Auto 262,071   234,061 HELOC 526,884   516,726 Consumer and all other 429,525   304,027 Total loans held for investment, net (1) $ 6,307,060   $ 5,671,462 (1) Loans, as presented, are net of deferred fees and costs totaling $1.8 million and $3.0 million as of December 31, 2016 and 2015, respectively.
Summary of Aging of the Loan Portfolio by Class	The following table shows the aging of the Company’s loan portfolio, by segment, at December 31, 2016 (dollars in thousands):     30-59 Days Past Due   60-89 Days Past Due   Greater than 90 Days and still Accruing   PCI   Nonaccrual   Current   Total Loans Construction and Land Development $ 1,162   $ 232   $ 76   $ 2,922   $ 2,037   $ 744,702   $ 751,131 Commercial Real Estate - Owner Occupied 1,842   109   35   18,343   794   836,682   857,805 Commercial Real Estate - Non-Owner Occupied 2,369   —   —   17,303   —   1,544,623   1,564,295 Multifamily Real Estate 147   —   —   2,066   —   332,063   334,276 Commercial & Industrial 759   858   9   1,074   124   548,702   551,526 Residential 1-4 Family 7,038   534   2,048   16,200   5,279   998,448   1,029,547 Auto 2,570   317   111   —   169   258,904   262,071 HELOC 1,836   1,140   635   1,161   1,279   520,833   526,884 Consumer and all other 2,522   1,431   91   223   291   424,967   429,525 Total loans held for investment $ 20,245   $ 4,621   $ 3,005   $ 59,292   $ 9,973   $ 6,209,924   $ 6,307,060   The following table shows the aging of the Company’s loan portfolio, by segment, at December 31, 2015 (dollars in thousands):     30-59 Days Past Due   60-89 Days Past Due   Greater than 90 Days and still Accruing   PCI   Nonaccrual   Current   Total Loans Construction and Land Development $ 3,155   $ 380   $ 128   $ 5,986   $ 2,113   $ 737,958   $ 749,720 Commercial Real Estate - Owner Occupied 1,714   118   103   27,388   3,904   826,859   860,086 Commercial Real Estate - Non-Owner Occupied 771   —   723   13,519   100   1,255,367   1,270,480 Multifamily Real Estate —   —   272   1,555   —   320,701   322,528 Commercial & Industrial 1,056   27   124   1,813   429   431,916   435,365 Residential 1-4 Family 15,023   6,774   3,638   21,159   3,563   928,312   978,469 Auto 2,312   233   60   —   192   231,264   234,061 HELOC 2,589   1,112   762   1,791   1,348   509,124   516,726 Consumer and all other 1,167   689   19   526   287   301,339   304,027 Total loans held for investment $ 27,787   $ 9,333   $ 5,829   $ 73,737   $ 11,936   $ 5,542,840   $ 5,671,462
Impaired Loans by Class	The following table shows the Company’s impaired loans, excluding PCI loans, by segment at December 31, 2016 and 2015 (dollars in thousands):    December 31, 2016   December 31, 2015   Recorded Investment   Unpaid Principal Balance   Related Allowance   Recorded Investment   Unpaid Principal Balance   Related Allowance Loans without a specific allowance                       Construction and Land Development $ 13,877   $ 14,353   $ —   $ 33,250   $ 33,731   $ — Commercial Real Estate - Owner Occupied 5,886   6,042   —   7,781   8,983   — Commercial Real Estate - Non-Owner Occupied 1,399   1,399   —   5,328   5,325   — Multifamily Real Estate —   —   —   3,828   3,828   — Commercial & Industrial 648   890   —   711   951   — Residential 1-4 Family 8,496   9,518   —   7,564   8,829   — Auto —   —   —   7   7   — HELOC 1,017   1,094   —   1,786   2,028   — Consumer and all other 230   427   —   211   211   — Total impaired loans without a specific allowance $ 31,553   $ 33,723   $ —   $ 60,466   $ 63,893   $ — Loans with a specific allowance                       Construction and Land Development $ 1,395   $ 1,404   $ 107   $ 3,167   $ 3,218   $ 538 Commercial Real Estate - Owner Occupied 646   646   4   3,237   3,239   358 Commercial Real Estate - Non-Owner Occupied 2,809   2,809   474   907   907   75 Commercial & Industrial 857   880   14   1,952   1,949   441 Residential 1-4 Family 3,335   3,535   200   6,065   6,153   418 Auto 169   235   1   192   199   1 HELOC 323   433   15   769   925   76 Consumer and all other 62   298   1   363   512   95 Total impaired loans with a specific allowance $ 9,596   $ 10,240   $ 816   $ 16,652   $ 17,102   $ 2,002 Total impaired loans $ 41,149   $ 43,963   $ 816   $ 77,118   $ 80,995   $ 2,002   The following table shows the average recorded investment and interest income recognized for the Company’s impaired loans, excluding PCI loans, by segment for the years ended December 31, 2016, 2015 and 2014 (dollars in thousands):   December 31, 2016   December 31, 2015   December 31, 2014   Average Investment   Interest  Income Recognized   Average Investment   Interest  Income Recognized   Average Investment   Interest  Income Recognized Construction and Land Development $ 15,346   $ 681   $ 36,441   $ 2,265   $ 56,183   $ 2,382 Commercial Real Estate - Owner Occupied 6,290   242   11,409   348   22,719   1,017 Commercial Real Estate - Non-Owner Occupied 4,188   134   6,201   250   29,136   1,292 Multifamily Real Estate —   —   3,854   244   4,657   284 Commercial & Industrial 2,800   95   3,404   139   6,426   195 Residential 1-4 Family 12,716   291   14,468   410   18,244   571 Auto 244   5   235   6   7   — HELOC 1,513   19   2,757   54   1,522   35 Consumer and all other 567   8   639   19   2,287   95 Total impaired loans $ 43,664   $ 1,475   $ 79,408   $ 3,735   $ 141,181   $ 5,871
Summary of Modified Loans that Continue to Accrue Interest Under the Terms of Restructuring Agreement	The following table provides a summary, by segment, of TDRs that continue to accrue interest under the terms of the restructuring agreement, which are considered to be performing, and TDRs that have been placed in nonaccrual status, which are considered to be nonperforming, as of December 31, 2016 and 2015 (dollars in thousands):   December 31, 2016   December 31, 2015   No. of Loans   Recorded Investment   Outstanding Commitment   No. of Loans   Recorded Investment   Outstanding Commitment Performing                       Construction and Land Development 8   $ 3,793   $ —   6   $ 3,349   $ — Commercial Real Estate - Owner Occupied 7   3,106   —   5   1,530   — Commercial Real Estate - Non-Owner Occupied 2   2,390   —   2   2,390   — Commercial & Industrial 3   533   —   5   261   — Residential 1-4 Family 28   4,145   —   27   3,173   — Consumer and all other —   —   —   1   77   — Total performing 48   $ 13,967   $ —   46   $ 10,780   $ — Nonperforming                       Construction and Land Development 2   $ 215   $ —   2   $ 321   $ — Commercial Real Estate - Owner Occupied 2   156   —   1   137   — Commercial & Industrial 1   116   —   1   2   — Residential 1-4 Family 8   948   —   6   1,142   — HELOC —   —   —   1   319   — Total nonperforming 13   $ 1,435   $ —   11   $ 1,921   $ — Total performing and nonperforming 61   $ 15,402   $ —   57   $ 12,701   $ —
Schedule of TDR by Class and Modification Type	The following table shows, by segment and modification type, TDRs that occurred during the years ended December 31, 2016 and 2015 (dollars in thousands):   2016   2015   No. of Loans   Recorded Investment at Period End   No. of Loans   Recorded Investment at Period End Modified to interest only, at a market rate               Construction and Land Development 2   $ 325   —   $ — Commercial Real Estate - Owner Occupied 2   483   —   — Commercial & Industrial 1   34   1   19 Residential 1-4 Family 1   158   1   21 Total interest only at market rate of interest 6   $ 1,000   2   $ 40                 Term modification, at a market rate               Construction and Land Development 2   $ 1,444   —   $ — Commercial Real Estate - Owner Occupied 3   1,326   3   282 Commercial & Industrial 1   444   2   162 Residential 1-4 Family 6   980   11   936 Consumer and all other —   —   1   77 Total loan term extended at a market rate 12   $ 4,194   17   $ 1,457                 Term modification, below market rate               Construction and Land Development —   $ —   1   $ 400 Commercial Real Estate - Owner Occupied —   —   1   866 Residential 1-4 Family 7   1,309   7   1,039 Total loan term extended at a below market rate 7   $ 1,309   9   $ 2,305                 Interest rate modification, below market rate               Commercial & Industrial 1   $ 116   —   $ —         Total interest only at below market rate of interest 1   $ 116   —   $ —                 Total 26   $ 6,619   28   $ 3,802
Allowance for Loan Loss Activity, by Portfolio Segment, Balances for Allowance for Credit Losses, and Loans Based on Impairment Methodology	The following table shows the allowance for loan loss activity, balances for ALL, and loan balances based on impairment methodology by segment for the year ended and as of December 31, 2016. The table below includes the provision for loan losses. As discussed in Note 1 “Summary of Significant Accounting Policies,” the Company enhanced its loan segmentation for purposes of the allowance calculation as well as its disclosures. The impact of this enhancement is reflected in the provision amounts in the table below. In addition, a $425,000 provision was recognized during the year ended December 31, 2016 for unfunded loan commitments for which the reserves are recorded as a component of “Other Liabilities” on the Company’s Consolidated Balance Sheets. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories (dollars in thousands):   Allowance for loan losses   Balance, beginning of the year   Recoveries credited to allowance   Loans charged off   Provision charged to operations   Balance, end of period Construction and Land Development $ 6,040   $ 505   $ (958 )   $ 4,468   $ 10,055 Commercial Real Estate - Owner Occupied 4,614   152   (809 )   (156 )   3,801 Commercial Real Estate - Non-Owner Occupied 6,929   80   (1 )   (386 )   6,622 Multifamily Real Estate 1,606   —   —   (370 )   1,236 Commercial & Industrial 3,163   483   (1,920 )   2,901   4,627 Residential 1-4 Family 5,414   585   (900 )   1,300   6,399 Auto 1,703   327   (1,052 )   (32 )   946 HELOC 2,934   459   (1,457 )   (608 )   1,328 Consumer and all other 1,644   434   (1,458 )   1,558   2,178 Total $ 34,047   $ 3,025   $ (8,555 )   $ 8,675   $ 37,192   Loans individually evaluated for impairment   Loans collectively evaluated for impairment   Loans acquired with deteriorated credit quality   Total   Loans   ALL   Loans   ALL   Loans   ALL   Loans   ALL Construction and Land Development $ 15,272   $ 107   $ 732,937   $ 9,948   $ 2,922   $ —   $ 751,131   $ 10,055 Commercial Real Estate - Owner Occupied 6,532   4   832,930   3,797   18,343   —   857,805   3,801 Commercial Real Estate - Non-Owner Occupied 4,208   474   1,542,784   6,148   17,303   —   1,564,295   6,622 Multifamily Real Estate —   —   332,210   1,236   2,066   —   334,276   1,236 Commercial & Industrial 1,505   14   548,947   4,613   1,074   —   551,526   4,627 Residential 1-4 Family 11,831   200   1,001,516   6,199   16,200   —   1,029,547   6,399 Auto 169   1   261,902   945   —   —   262,071   946 HELOC 1,340   15   524,383   1,313   1,161   —   526,884   1,328 Consumer and all other 292   1   429,010   2,177   223   —   429,525   2,178 Total loans held for investment, net $ 41,149   $ 816   $ 6,206,619   $ 36,376   $ 59,292   $ —   $ 6,307,060   $ 37,192     The following table shows the allowance for loan loss activity, balances for allowance for loan losses, and loan balances based on impairment methodology by segment for the year ended and as of December 31, 2015. In addition, a $300,000 provision was recognized during the year ended December 31, 2015 for unfunded loan commitments. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories (dollars in thousands):   Allowance for loan losses   Balance, beginning of the year   Recoveries credited to allowance   Loans charged off   Provision charged to operations   Balance, end of period Construction and Land Development $ 4,856   $ 720   $ (650 )   $ 1,114   $ 6,040 Commercial Real Estate - Owner Occupied 4,640   143   (481 )   312   4,614 Commercial Real Estate - Non-Owner Occupied 7,256   239   (3,137 )   2,571   6,929 Multifamily Real Estate 1,374   200   —   32   1,606 Commercial & Industrial 2,610   958   (2,361 )   1,956   3,163 Residential 1-4 Family 5,607   554   (1,789 )   1,042   5,414 Auto 1,297   290   (768 )   884   1,703 HELOC 2,675   298   (1,100 )   1,061   2,934 Consumer and all other 2,069   525   (1,249 )   299   1,644 Total $ 32,384   $ 3,927   $ (11,535 )   $ 9,271   $ 34,047   Loans individually evaluated for impairment   Loans collectively evaluated for impairment   Loans acquired with deteriorated credit quality   Total   Loans   ALL   Loans   ALL   Loans   ALL   Loans   ALL Construction and Land Development $ 36,417   $ 538   $ 707,317   $ 5,502   $ 5,986   $ —   $ 749,720   $ 6,040 Commercial Real Estate - Owner Occupied 11,018   358   821,680   4,256   27,388   —   860,086   4,614 Commercial Real Estate - Non-Owner Occupied 6,235   75   1,250,726   6,854   13,519   —   1,270,480   6,929 Multifamily Real Estate 3,828   —   317,145   1,606   1,555   —   322,528   1,606 Commercial & Industrial 2,663   441   430,889   2,722   1,813   —   435,365   3,163 Residential 1-4 Family 13,150   418   944,160   4,996   21,159   —   978,469   5,414 Auto 199   1   233,862   1,702   —   —   234,061   1,703 HELOC 2,478   76   512,457   2,858   1,791   —   516,726   2,934 Consumer and all other 574   95   302,927   1,549   526   —   304,027   1,644 Total loans held for investment, net $ 76,562   $ 2,002   $ 5,521,163   $ 32,045   $ 73,737   $ —   $ 5,671,462   $ 34,047     The following table shows the allowance for loan loss activity, balances for allowance for loan losses, and loan balances based on impairment methodology by segment for the year ended and as of December 31, 2014. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories (dollars in thousands):   Allowance for loan losses   Balance, beginning of the year   Recoveries credited to allowance   Loans charged off   Provision charged to operations   Balance, end of period Construction and Land Development $ 4,387   $ 150   $ (1,095 )   $ 1,414   $ 4,856 Commercial Real Estate - Owner Occupied 4,716   247   (643 )   320   4,640 Commercial Real Estate - Non-Owner Occupied 5,285   41   (282 )   2,212   7,256 Multifamily Real Estate 1,227   4   (3 )   146   1,374 Commercial & Industrial 2,021   316   (1,557 )   1,830   2,610 Residential 1-4 Family 6,272   1,753   (2,856 )   438   5,607 Auto 1,414   325   (596 )   154   1,297 HELOC 2,697   113   (976 )   841   2,675 Consumer and all other 2,116   520   (1,012 )   445   2,069 Total $ 30,135   $ 3,469   $ (9,020 )   $ 7,800   $ 32,384   Loans individually evaluated for impairment   Loans collectively evaluated for impairment   Loans acquired with deteriorated credit quality   Total   Loans   ALL   Loans   ALL   Loans   ALL   Loans   ALL Construction and Land Development $ 51,342   $ 266   $ 593,148   $ 4,590   $ 11,890   $ —   $ 656,380   $ 4,856 Commercial Real Estate - Owner Occupied 21,673   355   816,360   4,285   31,167   —   869,200   4,640 Commercial Real Estate - Non-Owner Occupied 28,648   2,017   1,129,032   5,239   25,834   —   1,183,514   7,256 Multifamily Real Estate 4,608   —   289,764   1,374   2,994   —   297,366   1,374 Commercial & Industrial 5,813   570   364,843   2,040   3,440   —   374,096   2,610 Residential 1-4 Family 14,905   1,210   941,550   4,397   26,619   —   983,074   5,607 Auto 2   —   207,811   1,297   —   —   207,813   1,297 HELOC 1,325   12   520,016   2,663   2,000   —   523,341   2,675 Consumer and all other 2,097   101   247,271   1,968   1,844   —   251,212   2,069 Total loans held for investment, net $ 130,413   $ 4,531   $ 5,109,795   $ 27,853   $ 105,788   $ —   $ 5,345,996   $ 32,384
Loans Receivables Related Risk Rating	The following table shows the recorded investment in all loans, excluding PCI loans, by segment with their related risk level as of December 31, 2016 (dollars in thousands):   Pass   Special Mention   Substandard   Doubtful   Total Construction and Land Development $ 667,018   $ 69,311   $ 11,857   $ 23   $ 748,209 Commercial Real Estate - Owner Occupied 801,565   32,364   5,533   —   839,462 Commercial Real Estate - Non-Owner Occupied 1,505,153   37,631   4,208   —   1,546,992 Multifamily Real Estate 312,711   19,499   —   —   332,210 Commercial & Industrial 539,999   9,391   1,062   —   550,452 Residential 1-4 Family 986,973   18,518   4,813   3,043   1,013,347 Auto 258,188   3,648   135   100   262,071 HELOC 519,928   4,225   969   601   525,723 Consumer and all other 425,520   3,491   40   251   429,302 Total $ 6,017,055   $ 198,078   $ 28,617   $ 4,018   $ 6,247,768 The following table shows the recorded investment in all loans, excluding PCI loans, by segment with their related risk level as of December 31, 2015 (dollars in thousands):   Pass   Special Mention   Substandard   Doubtful   Total Construction and Land Development $ 663,067   $ 52,650   $ 27,980   $ 37   $ 743,734 Commercial Real Estate - Owner Occupied 800,979   20,856   8,931   1,932   832,698 Commercial Real Estate - Non-Owner Occupied 1,228,956   22,341   5,664   —   1,256,961 Multifamily Real Estate 315,128   2,017   3,828   —   320,973 Commercial & Industrial 414,333   16,724   2,396   99   433,552 Residential 1-4 Family 912,839   34,728   8,037   1,706   957,310 Auto 230,670   3,109   194   88   234,061 HELOC 507,514   4,801   1,611   1,009   514,935 Consumer and all other 299,014   3,996   231   260   303,501 Total $ 5,372,500   $ 161,222   $ 58,872   $ 5,131   $ 5,597,725
Schedule of Acquired Loan Portfolio and Accretable Yield	The following shows changes in the accretable yield for loans accounted for under ASC 310-30, Receivables – Loans and Debt Securities Acquired with Deteriorated Credit Quality, for the periods presented (dollars in thousands):   For the year ended December 31,   2016   2015 Balance at beginning of period $ 22,139   $ 28,956 Accretion (5,611 )   (6,084 ) Reclass of nonaccretable difference due to improvement in expected cash flows 5,089   3,886 Other, net (1) (1,878 )   (4,619 ) Balance at end of period $ 19,739   $ 22,139   (1) This line item represents changes in the cash flows expected to be collected due to the impact of non-credit changes such as prepayment assumptions, changes in interest rates on variable rate PCI loans, and discounted payoffs that occurred in the year.
Purchased Impaired
Accounts, Notes, Loans and Financing Receivable [Line Items]
Summary of Aging of the Loan Portfolio by Class	The following table shows the PCI loan portfolios, by segment and their delinquency status, at December 31, 2016 (dollars in thousands):    30-89 Days Past Due   Greater than 90 Days   Current   Total Construction and Land Development $ —   $ 84   $ 2,838   $ 2,922 Commercial Real Estate - Owner Occupied 271   519   17,553   18,343 Commercial Real Estate - Non-Owner Occupied 409   126   16,768   17,303 Multifamily Real Estate —   —   2,066   2,066 Commercial & Industrial 44   56   974   1,074 Residential 1-4 Family 1,298   945   13,957   16,200 HELOC 175   121   865   1,161 Consumer and all other —   —   223   223 Total $ 2,197   $ 1,851   $ 55,244   $ 59,292   The following table shows the PCI loan portfolios, by segment and their delinquency status, at December 31, 2015 (dollars in thousands):   30-89 Days Past Due   Greater than 90 Days   Current   Total Construction and Land Development $ 369   $ 241   $ 5,376   $ 5,986 Commercial Real Estate - Owner Occupied 1,139   1,412   24,837   27,388 Commercial Real Estate - Non-Owner Occupied 755   202   12,562   13,519 Multifamily Real Estate —   —   1,555   1,555 Commercial & Industrial 209   21   1,583   1,813 Residential 1-4 Family 2,143   1,923   17,093   21,159 HELOC 410   458   923   1,791 Consumer and all other —   —   526   526 Total $ 5,025   $ 4,257   $ 64,455   $ 73,737
Loans Receivables Related Risk Rating	The following table shows the recorded investment in only PCI loans by segment with their related risk level as of December 31, 2016 (dollars in thousands):   Pass   Special Mention   Substandard   Doubtful   Total Construction and Land Development $ 1,092   $ 1,432   $ 398   $ —   $ 2,922 Commercial Real Estate - Owner Occupied 5,520   8,889   3,934   —   18,343 Commercial Real Estate - Non-Owner Occupied 10,927   4,638   1,738   —   17,303 Multifamily Real Estate 343   1,723   —   —   2,066 Commercial & Industrial 107   480   487   —   1,074 Residential 1-4 Family 8,557   4,455   2,672   516   16,200 HELOC 857   183   7   114   1,161 Consumer and all other 166   37   20   —   223 Total $ 27,569   $ 21,837   $ 9,256   $ 630   $ 59,292 The following table shows the recorded investment in only PCI loans by segment with their related risk level as of December 31, 2015 (dollars in thousands):   Pass   Special Mention   Substandard   Doubtful   Total Construction and Land Development $ 2,059   $ 1,778   $ 1,908   $ 241   $ 5,986 Commercial Real Estate - Owner Occupied 5,260   15,530   6,598   —   27,388 Commercial Real Estate - Non-Owner Occupied 4,442   7,827   1,250   —   13,519 Multifamily Real Estate 356   1,199   —   —   1,555 Commercial & Industrial 144   359   1,289   21   1,813 Residential 1-4 Family 9,098   6,380   4,605   1,076   21,159 HELOC 923   410   20   438   1,791 Consumer and all other 57   379   90   —   526 Total $ 22,339   $ 33,862   $ 15,760   $ 1,776   $ 73,737