LOANS AND ALLOWANCE FOR LOAN LOSSES (Tables)

v3.7.0.1

LOANS AND ALLOWANCE FOR LOAN LOSSES (Tables)	6 Months Ended
	Jun. 30, 2017
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 June 30, 2017 and December 31, 2016 (dollars in thousands):   June 30, 2017   December 31, 2016 Construction and Land Development $ 799,938   $ 751,131 Commercial Real Estate - Owner Occupied 888,285   857,805 Commercial Real Estate - Non-Owner Occupied 1,698,329   1,564,295 Multifamily Real Estate 367,257   334,276 Commercial & Industrial 568,602   551,526 Residential 1-4 Family 1,066,519   1,029,547 Auto 274,162   262,071 HELOC 535,088   526,884 Consumer and all other 573,310   429,525 Total loans held for investment, net (1) $ 6,771,490   $ 6,307,060   (1) Loans, as presented, are net of deferred fees and costs totaling $898,000 and $1.8 million as of June 30, 2017 and December 31, 2016, 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 June 30, 2017 (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 $ 602   $ 26   $ 83   $ 2,694   $ 5,659   $ 790,874   $ 799,938 Commercial Real Estate - Owner Occupied 3,148   194   56   17,906   1,279   865,702   888,285 Commercial Real Estate - Non-Owner Occupied 1,530   571   298   16,308   4,765   1,674,857   1,698,329 Multifamily Real Estate 500   —   —   2,047   —   364,710   367,257 Commercial & Industrial 1,652   113   55   751   4,281   561,750   568,602 Residential 1-4 Family 2,477   5,663   2,369   15,087   6,128   1,034,795   1,066,519 Auto 1,562   240   35   —   270   272,055   274,162 HELOC 1,405   964   544   1,156   2,059   528,960   535,088 Consumer and all other 1,891   1,242   185   218   133   569,641   573,310 Total loans held for investment $ 14,767   $ 9,013   $ 3,625   $ 56,167   $ 24,574   $ 6,663,344   $ 6,771,490   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
Impaired Loans by Class	The Company measures the amount of impairment by evaluating loans either in their collective homogeneous pools or individually. The following table shows the Company’s impaired loans, excluding PCI loans, by segment at June 30, 2017 and December 31, 2016 (dollars in thousands):   June 30, 2017   December 31, 2016   Recorded Investment   Unpaid Principal Balance   Related Allowance   Recorded Investment   Unpaid Principal Balance   Related Allowance Loans without a specific allowance                       Construction and Land Development $ 10,097   $ 10,109   $ —   $ 13,877   $ 14,353   $ — Commercial Real Estate - Owner Occupied 5,810   5,981   —   5,886   6,042   — Commercial Real Estate - Non-Owner Occupied 1,671   1,671   —   1,399   1,399   — Commercial & Industrial 1,040   1,285   —   648   890   — Residential 1-4 Family 9,144   10,208   —   8,496   9,518   — HELOC 1,174   1,351   —   1,017   1,094   — Consumer and all other 605   716   —   230   427   — Total impaired loans without a specific allowance $ 29,541   $ 31,321   $ —   $ 31,553   $ 33,723   $ —                         Loans with a specific allowance                       Construction and Land Development $ 5,136   $ 5,331   $ 720   $ 1,395   $ 1,404   $ 107 Commercial Real Estate - Owner Occupied 631   631   3   646   646   4 Commercial Real Estate - Non-Owner Occupied 7,991   8,040   640   2,809   2,809   474 Commercial & Industrial 5,836   5,945   1,034   857   880   14 Residential 1-4 Family 3,834   4,071   424   3,335   3,535   200 Auto 270   393   1   169   235   1 HELOC 937   962   70   323   433   15 Consumer and all other 24   88   1   62   298   1 Total impaired loans with a specific allowance $ 24,659   $ 25,461   $ 2,893   $ 9,596   $ 10,240   $ 816 Total impaired loans $ 54,200   $ 56,782   $ 2,893   $ 41,149   $ 43,963   $ 816 The following tables show the average recorded investment and interest income recognized for the Company’s impaired loans, excluding PCI loans, by segment for the three and six months ended June 30, 2017 and 2016 (dollars in thousands):   Three Months Ended June 30, 2017   Six Months Ended June 30, 2017   Average Investment   Interest Income Recognized   Average Investment   Interest Income Recognized Construction and Land Development $ 15,111   $ 119   $ 14,939   $ 235 Commercial Real Estate - Owner Occupied 6,471   61   6,507   122 Commercial Real Estate - Non-Owner Occupied 9,675   48   9,698   139 Commercial & Industrial 6,942   41   7,212   72 Residential 1-4 Family 13,311   43   13,372   108 Auto 347   2   368   2 HELOC 2,265   1   2,273   5 Consumer and all other 564   8   405   7 Total impaired loans $ 54,686   $ 323   $ 54,774   $ 690   Three Months Ended June 30, 2016   Six Months Ended June 30, 2016   Average Investment   Interest Income Recognized   Average Investment   Interest Income Recognized Construction and Land Development $ 30,524   $ 495   $ 30,174   $ 962 Commercial Real Estate - Owner Occupied 13,567   148   13,719   292 Commercial Real Estate - Non-Owner Occupied 4,215   43   4,216   79 Multifamily Real Estate 3,791   60   3,804   120 Commercial & Industrial 2,622   31   2,861   61 Residential 1-4 Family 14,189   90   14,365   183 Auto 162   —   183   — HELOC 2,492   11   2,519   29 Consumer and all other 374   1   572   4 Total impaired loans $ 71,936   $ 879   $ 72,413   $ 1,730
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 on nonaccrual status, which are considered to be nonperforming, as of June 30, 2017 and December 31, 2016 (dollars in thousands):   June 30, 2017   December 31, 2016   No. of Loans   Recorded Investment   Outstanding Commitment   No. of Loans   Recorded Investment   Outstanding Commitment Performing                       Construction and Land Development 7   $ 3,282   $ —   8   $ 3,793   $ — Commercial Real Estate - Owner Occupied 6   2,579   —   7   3,106   — Commercial Real Estate - Non-Owner Occupied 2   1,631   —   2   2,390   — Commercial & Industrial 13   2,194   —   3   533   — Residential 1-4 Family 32   4,766   —   28   4,145   — Consumer and all other 1   495   —   —   —   — Total performing 61   $ 14,947   $ —   48   $ 13,967   $ —                         Nonperforming                       Construction and Land Development 5   $ 502   $ —   2   $ 215   $ — Commercial Real Estate - Owner Occupied 3   616   —   2   156   — Commercial Real Estate - Non-Owner Occupied 1   2,050   —   —   —   — Commercial & Industrial 1   86   —   1   116   — Residential 1-4 Family 10   1,200   —   8   948   — Total nonperforming 20   $ 4,454   $ —   13   $ 1,435   $ —                         Total performing and nonperforming 81   $ 19,401   $ —   61   $ 15,402   $ —
Schedule of TDR by Class and Modification Type	The following table shows, by segment and modification type, TDRs that occurred during the three and six months ended June 30, 2017 (dollars in thousands):   Three Months Ended June 30, 2017   Six Months Ended June 30, 2017   No. of Loans   Recorded  Investment at Period End   No. of Loans   Recorded  Investment at Period End Modified to interest only, at a market rate               Commercial & Industrial —   $ —   5   $ 661 Total interest only at market rate of interest —   $ —   5   $ 661                 Term modification, at a market rate               Construction and Land Development 3   $ 1,084   3   $ 1,084 Commercial Real Estate - Non-Owner Occupied —   —   2   1,631 Commercial & Industrial 2   157   4   973 Residential 1-4 Family 2   562   5   939 Consumer and all other 1   495   1   495 Total loan term extended at a market rate 8   $ 2,298   15   $ 5,122                 Term modification, below market rate               Commercial Real Estate - Owner Occupied 1   $ 844   1   $ 844 Commercial & Industrial 1   85   3   195 Residential 1-4 Family 3   244   7   1,107 Total loan term extended at a below market rate 5   $ 1,173   11   $ 2,146                 Total 13   $ 3,471   31   $ 7,929 The following table shows, by segment and modification type, TDRs that occurred during the three and six months ended June 30, 2016 (dollars in thousands):   Three Months Ended June 30, 2016   Six Months Ended June 30, 2016   No. of Loans   Recorded  Investment at Period End   No. of Loans   Recorded  Investment at Period End Term modification, at a market rate               Construction and Land Development 1   $ 1,193   1   $ 1,193 Commercial Real Estate - Owner Occupied 1   38   2   743 Residential 1-4 Family 1   100   2   476 Total loan term extended at a market rate 3   $ 1,331   5   $ 2,412                 Term modification, below market rate               Residential 1-4 Family 1   $ 37   1   $ 37 Total loan term extended at a below market rate 1   $ 37   1   $ 37                 Interest rate modification, below market rate               Commercial & Industrial 1   $ 135   1   $ 135 Total interest only at below market rate of interest 1   $ 135   1   $ 135                 Total 5   $ 1,503   7   $ 2,584
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 allowance for loan losses, and loan balances based on impairment methodology by segment for the six months ended and as of June 30, 2017. The table below includes the provision for loan losses. 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 $ 10,055   $ 45   $ (253 )   $ (792 )   $ 9,055 Commercial Real Estate - Owner Occupied 3,801   65   —   (514 )   3,352 Commercial Real Estate - Non-Owner Occupied 6,622   1   (677 )   1,390   7,336 Multifamily Real Estate 1,236   —   —   (117 )   1,119 Commercial & Industrial 4,627   262   (557 )   1,282   5,614 Residential 1-4 Family 6,399   266   (466 )   49   6,248 Auto 946   249   (586 )   311   920 HELOC 1,328   202   (573 )   383   1,340 Consumer and all other 2,178   582   (1,848 )   2,318   3,230 Total $ 37,192   $ 1,672   $ (4,960 )   $ 4,310   $ 38,214     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 $ 15,233   $ 720   $ 782,011   $ 8,335   $ 2,694   $ —   $ 799,938   $ 9,055 Commercial Real Estate - Owner Occupied 6,441   3   863,938   3,349   17,906   —   888,285   3,352 Commercial Real Estate - Non-Owner Occupied 9,662   640   1,672,359   6,696   16,308   —   1,698,329   7,336 Multifamily Real Estate —   —   365,210   1,119   2,047   —   367,257   1,119 Commercial & Industrial 6,876   1,034   560,975   4,580   751   —   568,602   5,614 Residential 1-4 Family 12,978   424   1,038,454   5,824   15,087   —   1,066,519   6,248 Auto 270   1   273,892   919   —   —   274,162   920 HELOC 2,111   70   531,821   1,270   1,156   —   535,088   1,340 Consumer and all other 629   1   572,463   3,229   218   —   573,310   3,230 Total loans held for investment, net $ 54,200   $ 2,893   $ 6,661,123   $ 35,321   $ 56,167   $ —   $ 6,771,490   $ 38,214   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 six months ended and as of June 30, 2016. In addition, a $100,000 provision was recognized during the six months ended June 30, 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   $ 97   $ (859 )   $ 5,030   $ 10,308 Commercial Real Estate - Owner Occupied 4,614   62   (772 )   129   4,033 Commercial Real Estate - Non-Owner Occupied 6,929   —   —   (1,536 )   5,393 Multifamily Real Estate 1,606   —   —   (697 )   909 Commercial & Industrial 3,163   355   (1,285 )   1,793   4,026 Residential 1-4 Family 5,414   381   (295 )   600   6,100 Auto 1,703   131   (525 )   (470 )   839 HELOC 2,934   132   (800 )   (948 )   1,318 Consumer and all other 1,644   330   (729 )   903   2,148 Total $ 34,047   $ 1,488   $ (5,265 )   $ 4,804   $ 35,074     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 $ 31,710   $ 64   $ 729,274   $ 10,244   $ 5,013   $ —   $ 765,997   $ 10,308 Commercial Real Estate - Owner Occupied 13,492   49   797,696   3,984   20,692   —   831,880   4,033 Commercial Real Estate - Non-Owner Occupied 4,260   1   1,348,188   5,392   18,297   —   1,370,745   5,393 Multifamily Real Estate 3,777   —   331,854   909   2,092   —   337,723   909 Commercial & Industrial 2,488   47   465,212   3,979   1,354   —   469,054   4,026 Residential 1-4 Family 13,945   345   960,707   5,755   17,805   —   992,457   6,100 Auto 140   1   244,435   838   —   —   244,575   839 HELOC 2,337   81   515,342   1,237   1,517   —   519,196   1,318 Consumer and all other 326   1   408,745   2,147   400   —   409,471   2,148 Total loans held for investment, net $ 72,475   $ 589   $ 5,801,453   $ 34,485   $ 67,170   $ —   $ 5,941,098   $ 35,074
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 June 30, 2017 (dollars in thousands):     Pass   Special Mention   Substandard   Doubtful   Total Construction and Land Development $ 726,106   $ 58,155   $ 12,883   $ 100   $ 797,244 Commercial Real Estate - Owner Occupied 824,793   41,397   4,189   —   870,379 Commercial Real Estate - Non-Owner Occupied 1,648,876   23,666   9,479   —   1,682,021 Multifamily Real Estate 358,597   6,613   —   —   365,210 Commercial & Industrial 543,951   18,291   5,609   —   567,851 Residential 1-4 Family 1,021,053   22,903   4,995   2,481   1,051,432 Auto 271,701   2,254   77   130   274,162 HELOC 528,606   3,501   1,245   580   533,932 Consumer and all other 570,248   2,226   509   109   573,092 Total $ 6,493,931   $ 179,006   $ 38,986   $ 3,400   $ 6,715,323   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
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 Six Months Ended June 30,   2017   2016 Balance at beginning of period $ 19,739   $ 22,139 Accretion (3,188 )   (2,792 ) Reclass of nonaccretable difference due to improvement in expected cash flows 2,072   3,450 Other, net (1) (875 )   (2,139 ) Balance at end of period $ 17,748   $ 20,658   (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 quarter.
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 June 30, 2017 (dollars in thousands):     30-89 Days Past Due   Greater than 90 Days   Current   Total Construction and Land Development $ 67   $ —   $ 2,627   $ 2,694 Commercial Real Estate - Owner Occupied 339   650   16,917   17,906 Commercial Real Estate - Non-Owner Occupied 1,195   76   15,037   16,308 Multifamily Real Estate —   —   2,047   2,047 Commercial & Industrial 109   —   642   751 Residential 1-4 Family 1,138   903   13,046   15,087 HELOC 221   127   808   1,156 Consumer and all other 35   —   183   218 Total $ 3,104   $ 1,756   $ 51,307   $ 56,167   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
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 June 30, 2017 (dollars in thousands):     Pass   Special Mention   Substandard   Doubtful   Total Construction and Land Development $ 1,121   $ 1,297   $ 276   $ —   $ 2,694 Commercial Real Estate - Owner Occupied 5,617   8,337   3,952   —   17,906 Commercial Real Estate - Non-Owner Occupied 12,807   2,230   1,271   —   16,308 Multifamily Real Estate 338   1,709   —   —   2,047 Commercial & Industrial 105   368   278   —   751 Residential 1-4 Family 7,735   4,624   1,850   878   15,087 HELOC 808   221   11   116   1,156 Consumer and all other 158   49   11   —   218 Total $ 28,689   $ 18,835   $ 7,649   $ 994   $ 56,167   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