Quarterly report pursuant to Section 13 or 15(d)

LOANS AND ALLOWANCE FOR LOAN LOSSES (Tables)

v3.20.2
LOANS AND ALLOWANCE FOR LOAN LOSSES (Tables)
9 Months Ended
Sep. 30, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]  
Loans Stated at Face Amount, Net of Unearned Income

The Company’s loans are stated at their face amount, net of deferred fees and costs, and consist of the following at September 30, 2020 and December 31, 2019 (dollars in thousands):

​

​

​

​

​

​

​

​

​

​

​

September 30, 2020

    

December 31, 2019

Construction and Land Development

​

$

1,207,190

​

$

1,250,924

Commercial Real Estate - Owner Occupied

​

 

2,107,333

​

 

2,041,243

Commercial Real Estate - Non-Owner Occupied

​

 

3,497,929

​

 

3,286,098

Multifamily Real Estate

​

 

731,582

​

 

633,743

Commercial & Industrial(1)

​

 

3,536,249

​

 

2,114,033

Residential 1-4 Family - Commercial

​

 

696,944

​

 

724,337

Residential 1-4 Family - Consumer

​

 

830,144

​

 

890,503

Residential 1-4 Family - Revolving

​

 

618,320

​

 

659,504

Auto

​

 

387,417

​

 

350,419

Consumer

​

 

276,023

​

 

372,853

Other Commercial(1)

​

 

494,084

​

 

287,279

Total loans held for investment, net of deferred fees and costs

​

​

14,383,215

​

​

12,610,936

Allowance for loan and lease losses

​

​

(174,122)

​

​

(42,294)

Total loans held for investment, net

​

$

14,209,093

​

$

12,568,642

(1)Commercial & industrial and other commercial loans include approximately $1.6 billion and $21.3 million, respectively, in new loans from the PPP loan program at September 30, 2020.

Summary of Aging of the Loan Portfolio by Class

The following table shows the aging of the Company’s loan portfolio, by class, at September 30, 2020 (dollars in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

    

​

​

    

​

​

    

​

    

Greater than

    

​

​

    

​

​

​

​

​

​

​

30-59 Days

​

60-89 Days

​

90 Days and

​

​

​

​

​

​

​

​

Current

​

Past Due

​

Past Due

​

still Accruing

​

Nonaccrual

​

Total Loans

Construction and Land Development

​

$

1,200,729

​

$

2,625

​

$

223

​

$

93

​

$

3,520

​

$

1,207,190

Commercial Real Estate - Owner Occupied

​

 

2,090,106

​

 

4,924

​

 

1,310

​

 

1,726

​

 

9,267

​

 

2,107,333

Commercial Real Estate - Non-Owner Occupied

​

 

3,493,107

​

 

1,291

​

 

1,371

​

 

168

​

 

1,992

​

 

3,497,929

Multifamily Real Estate

​

 

731,190

​

 

—

​

 

—

​

 

359

​

 

33

​

 

731,582

Commercial & Industrial

​

 

3,528,283

​

 

4,322

​

 

1,448

​

 

604

​

 

1,592

​

 

3,536,249

Residential 1-4 Family - Commercial

​

 

683,730

​

 

1,236

​

 

937

​

 

5,298

​

 

5,743

​

 

696,944

Residential 1-4 Family - Consumer

​

 

806,055

​

 

2,998

​

 

3,976

​

 

4,495

​

 

12,620

​

 

830,144

Residential 1-4 Family - Revolving

​

 

608,570

​

 

2,669

​

 

1,141

​

 

2,276

​

 

3,664

​

 

618,320

Auto

​

 

384,619

​

 

1,513

​

 

453

​

 

315

​

 

517

​

 

387,417

Consumer

​

 

273,829

​

 

1,020

​

 

772

​

 

327

​

 

75

​

 

276,023

Other Commercial

​

​

493,044

​

​

613

​

​

427

​

​

—

​

​

—

​

​

494,084

Total loans held for investment

​

$

14,293,262

​

$

23,211

​

$

12,058

​

$

15,661

​

$

39,023

​

$

14,383,215

The following table shows the aging of the Company’s loan portfolio, by class, at December 31, 2019 (dollars in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

    

​

​

    

​

​

    

Greater than

    

​

​

    

​

​

    

​

​

    

​

​

​

​

30-59 Days

​

60-89 Days

​

90 Days and

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Past Due

​

Past Due

​

still Accruing

​

PCI

​

Nonaccrual

​

Current

​

Total Loans

Construction and Land Development

​

$

4,563

​

$

482

​

$

189

​

$

10,944

​

$

3,703

​

$

1,231,043

​

$

1,250,924

Commercial Real Estate - Owner Occupied

​

 

3,482

​

 

2,184

​

 

1,062

​

 

27,438

​

 

6,003

​

 

2,001,074

​

 

2,041,243

Commercial Real Estate - Non-Owner Occupied

​

 

457

​

 

—

​

 

1,451

​

 

14,565

​

 

381

​

 

3,269,244

​

 

3,286,098

Multifamily Real Estate

​

 

223

​

 

—

​

 

474

​

 

94

​

 

—

​

 

632,952

​

 

633,743

Commercial & Industrial

​

 

8,698

​

 

1,598

​

 

449

​

 

1,579

​

 

1,735

​

 

2,099,974

​

 

2,114,033

Residential 1-4 Family - Commercial

​

 

1,479

​

 

2,207

​

 

674

​

 

12,205

​

 

4,301

​

 

703,471

​

 

724,337

Residential 1-4 Family - Consumer

​

 

16,244

​

 

3,072

​

 

4,515

​

 

14,713

​

 

9,292

​

 

842,667

​

 

890,503

Residential 1-4 Family - Revolving

​

 

10,190

​

 

1,784

​

 

3,357

​

 

4,127

​

 

2,080

​

 

637,966

​

 

659,504

Auto

​

 

2,525

​

 

236

​

 

272

​

 

4

​

 

563

​

 

346,819

​

 

350,419

Consumer

​

 

2,128

​

 

1,233

​

 

953

​

 

668

​

 

77

​

 

367,794

​

 

372,853

Other Commercial

​

​

464

​

​

—

​

​

—

​

​

344

​

​

97

​

​

286,374

​

​

287,279

Total loans held for investment

​

$

50,453

​

$

12,796

​

$

13,396

​

$

86,681

​

$

28,232

​

$

12,419,378

​

$

12,610,936

Summary of Loans on Nonaccrual Status

The following table shows the Company’s amortized cost basis of loans on nonaccrual status as of January 1, 2020 as well as amortized cost basis of loans on nonaccrual status and loans past due 90 days and still accruing as of September 30, 2020 (dollars in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Nonaccrual

​

​

​

​

​

​

​

​

January 1, 2020

​

September 30, 2020

​

Nonaccrual With No ALLL

​

90 Days and still Accruing

Construction and Land Development

​

$

4,060

​

$

3,520

​

$

1,985

​

$

93

Commercial Real Estate - Owner Occupied

​

​

13,889

​

​

9,267

​

​

1,994

​

​

1,726

Commercial Real Estate - Non-Owner Occupied

​

​

1,368

​

​

1,992

​

​

—

​

​

168

Multifamily Real Estate

​

​

—

​

​

33

​

​

—

​

​

359

Commercial & Industrial

​

​

3,037

​

​

1,592

​

​

—

​

​

604

Residential 1-4 Family - Commercial

​

​

6,492

​

​

5,743

​

​

1,738

​

​

5,298

Residential 1-4 Family - Consumer

​

​

13,117

​

​

12,620

​

​

1,069

​

​

4,495

Residential 1-4 Family - Revolving

​

​

2,490

​

​

3,664

​

​

60

​

​

2,276

Auto

​

​

565

​

​

517

​

​

—

​

​

315

Consumer

​

​

88

​

​

75

​

​

—

​

​

327

Other Commercial

​

​

98

​

​

—

​

​

—

​

​

—

Total loans held for investment

​

$

45,204

​

$

39,023

​

$

6,846

​

$

15,661

Impaired Loans by Class

As of December 31, 2019, the Company measured the amount of impairment by evaluating loans either in their collective homogeneous pools or individually. The following table shows the Company’s loans, excluding PCI loans, by class at December 31, 2019 (dollars in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

December 31, 2019

​

    

​

​

    

Unpaid

    

​

​

​

​

Recorded

​

Principal

​

Related

​

​

Investment

​

Balance

​

Allowance

Loans without a specific allowance

 

​

  

 

​

  

 

​

  

Construction and Land Development

​

$

5,877

​

$

7,174

​

$

—

Commercial Real Estate - Owner Occupied

​

 

8,801

​

 

9,296

​

 

—

Commercial Real Estate - Non-Owner Occupied

​

 

3,510

​

 

4,059

​

 

—

Commercial & Industrial

​

 

3,668

​

 

3,933

​

 

—

Residential 1-4 Family - Commercial

​

 

4,047

​

 

4,310

​

 

—

Residential 1-4 Family - Consumer

​

 

8,420

​

 

9,018

​

 

—

Residential 1-4 Family - Revolving

​

 

862

​

 

865

​

 

—

Total impaired loans without a specific allowance

​

$

35,185

​

$

38,655

​

$

—

Loans with a specific allowance

​

 

  

​

 

  

​

 

  

Construction and Land Development

​

$

984

​

$

1,032

​

$

49

Commercial Real Estate - Owner Occupied

​

 

2,820

​

 

3,093

​

 

146

Commercial Real Estate - Non-Owner Occupied

​

 

335

​

 

383

​

 

2

Commercial & Industrial

​

 

2,568

​

 

2,590

​

 

619

Residential 1-4 Family - Commercial

​

 

1,726

​

 

1,819

​

 

162

Residential 1-4 Family - Consumer

​

 

12,026

​

 

12,670

​

 

1,242

Residential 1-4 Family - Revolving

​

 

2,186

​

 

2,369

​

 

510

Auto

​

 

563

​

 

879

​

 

221

Consumer

​

 

168

​

 

336

​

 

46

Other Commercial

​

​

562

​

​

567

​

​

30

Total impaired loans with a specific allowance

​

$

23,938

​

$

25,738

​

$

3,027

Total impaired loans

​

$

59,123

​

$

64,393

​

$

3,027

​

The following table shows the average recorded investment and interest income recognized for the Company’s loans, excluding PCI loans, by class for the three and nine months ended September 30, 2019 (dollars in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended

​

Nine Months Ended

​

​

September 30, 2019

​

September 30, 2019

​

    

​

​

    

Interest

    

​

​

    

Interest

​

​

Average

​

Income

​

Average

​

Income

​

​

Investment

​

Recognized

​

Investment

​

Recognized

Construction and Land Development

​

$

13,581

​

$

40

​

$

13,601

​

$

351

Commercial Real Estate - Owner Occupied

​

 

13,301

​

 

85

​

 

13,436

​

 

339

Commercial Real Estate - Non-Owner Occupied

​

 

2,748

​

 

26

​

 

3,543

​

 

82

Multifamily Real Estate

​

​

1,217

​

​

15

​

​

1,234

​

​

46

Commercial & Industrial

​

 

3,986

​

 

41

​

 

4,046

​

 

129

Residential 1-4 Family - Commercial

​

 

6,334

​

 

41

​

 

6,521

​

 

125

Residential 1-4 Family - Consumer

​

 

19,802

​

 

75

​

 

20,007

​

 

264

Residential 1-4 Family - Revolving

​

 

2,125

​

 

5

​

 

2,242

​

 

31

Auto

​

 

691

​

 

—

​

 

781

​

 

9

Consumer

​

 

184

​

 

2

​

 

192

​

 

5

Other Commercial

​

​

570

​

​

7

​

​

579

​

​

21

Total impaired loans

​

$

64,539

​

$

337

​

$

66,182

​

$

1,402

Summary of Modified Loans that Continue to Accrue Interest Under the Terms of Restructuring Agreement

The following table provides a summary, by class, of TDRs that continue to accrue interest under the terms of the applicable 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 September 30, 2020 (dollars in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

September 30, 2020

​

    

No. of

    

Recorded

    

Outstanding

​

​

Loans

​

Investment

​

Commitment

Performing

 

  

 

​

  

 

​

  

Construction and Land Development

 

4

​

$

219

​

$

—

Commercial Real Estate - Owner Occupied

 

6

​

 

2,140

​

 

101

Commercial Real Estate - Non-Owner Occupied

 

1

​

 

1,089

​

 

—

Commercial & Industrial

 

5

​

 

1,117

​

 

—

Residential 1-4 Family - Commercial

 

3

​

 

247

​

 

—

Residential 1-4 Family - Consumer

 

80

​

 

9,165

​

 

—

Residential 1-4 Family - Revolving

 

2

​

 

55

​

 

—

Consumer

 

5

​

 

31

​

 

—

Other Commercial

​

1

​

​

452

​

​

—

Total performing

 

107

​

$

14,515

​

$

101

Nonperforming

 

  

​

 

  

​

 

  

Commercial Real Estate - Owner Occupied

 

2

​

$

293

​

$

—

Commercial Real Estate - Non-Owner Occupied

​

1

​

​

137

​

​

—

Commercial & Industrial

 

3

​

 

261

​

 

—

Residential 1-4 Family - Commercial

 

4

​

 

1,313

​

 

—

Residential 1-4 Family - Consumer

 

23

​

 

4,937

​

 

—

Residential 1-4 Family - Revolving

 

3

​

 

104

​

 

—

Total nonperforming

 

36

​

$

7,045

​

$

—

Total performing and nonperforming

 

143

​

$

21,560

​

$

101

The following table provides a summary, by class, of TDRs that continue to accrue interest under the terms of the applicable 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 December 31, 2019 (dollars in thousands):

​

​

​

​

​

​

​

​

​

​

​

December 31, 2019

​

    

No. of

    

Recorded

    

Outstanding

​

​

Loans

​

Investment

​

Commitment

Performing

 

  

 

​

  

 

​

  

Construction and Land Development

 

4

​

$

1,114

​

$

—

Commercial Real Estate - Owner Occupied

 

6

​

 

2,228

​

 

26

Commercial Real Estate - Non-Owner Occupied

 

1

​

 

1,089

​

 

—

Commercial & Industrial

 

4

​

 

1,020

​

 

—

Residential 1-4 Family - Commercial

 

5

​

 

290

​

 

—

Residential 1-4 Family - Consumer

 

69

​

 

9,396

​

 

—

Residential 1-4 Family - Revolving

 

2

​

 

56

​

 

—

Consumer

 

4

​

 

29

​

 

—

Other Commercial

​

1

​

​

464

​

​

—

Total performing

 

96

​

$

15,686

​

$

26

Nonperforming

 

  

​

 

  

​

 

  

Commercial Real Estate - Owner Occupied

 

2

​

$

176

​

$

—

Commercial & Industrial

 

1

​

 

55

​

 

—

Residential 1-4 Family - Consumer

 

19

​

 

3,522

​

 

—

Residential 1-4 Family - Revolving

 

2

​

 

57

​

 

—

Total nonperforming

 

24

​

$

3,810

​

$

—

Total performing and nonperforming

 

120

​

$

19,496

​

$

26

Schedule of TDR by Class and Modification Type

The following table shows, by class and modification type, TDRs that occurred during the three and nine months ended September 30, 2020 (dollars in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

All Restructurings

​

​

Three Months Ended September 30, 2020

​

Nine Months Ended September 30, 2020

​

    

​

    

Recorded

    

​

    

Recorded

​

​

No. of

​

Investment at

​

No. of

​

Investment at

​

​

Loans

​

Period End

​

Loans

​

Period End

Modified to interest only, at a market rate

 

  

 

​

  

 

  

 

​

  

Commercial Real Estate - Owner Occupied

​

—

​

$

—

​

1

​

$

272

Residential 1-4 Family - Commercial

​

1

​

​

652

​

1

​

​

652

Total interest only at market rate of interest

 

1

​

$

652

 

2

​

$

924

​

​

​

​

​

​

​

​

​

​

​

Term modification, at a market rate

 

  

​

 

  

 

  

​

 

  

Commercial & Industrial

 

—

​

$

—

 

3

​

$

127

Residential 1-4 Family - Commercial

 

1

​

​

299

 

1

​

​

299

Residential 1-4 Family - Consumer

 

—

​

 

—

 

4

​

 

324

Consumer

​

—

​

​

—

​

1

​

​

10

Total loan term extended at a market rate

 

1

​

$

299

 

9

​

$

760

​

​

​

​

​

​

​

​

​

​

​

Term modification, below market rate

 

  

​

 

  

 

  

​

 

  

Construction and Land Development

​

—

​

$

—

​

1

​

$

34

Commercial & Industrial

 

1

​

 

143

 

2

​

 

358

Residential 1-4 Family - Commercial

​

1

​

​

290

​

1

​

​

290

Residential 1-4 Family - Consumer

 

4

​

​

423

 

17

​

​

2,387

Residential 1-4 Family - Revolving

 

—

​

 

—

 

1

​

 

52

Total loan term extended at a below market rate

 

6

​

$

856

 

22

​

$

3,121

​

​

​

​

​

​

​

​

​

​

​

Interest rate modification, below market rate

 

  

​

 

  

 

  

​

 

  

Total interest only at below market rate of interest

 

—

​

$

—

 

—

​

$

—

​

​

​

​

​

​

​

​

​

​

​

Total

 

8

​

$

1,807

 

33

​

$

4,805

The following table shows, by class and modification type, TDRs that occurred during the three and nine months ended September 30, 2019 (dollars in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

​

All Restructurings

​

​

Three Months Ended September 30, 2019

​

Nine Months Ended September 30, 2019

​

    

​

    

Recorded

    

​

    

Recorded

​

​

No. of

​

Investment at

​

No. of

​

Investment at

​

​

Loans

​

Period End

​

Loans

​

Period End

Modified to interest only, at a market rate

 

  

 

​

  

 

  

 

​

  

Total interest only at market rate of interest

 

—

​

$

—

 

—

​

$

—

​

​

​

​

​

​

​

​

​

​

​

Term modification, at a market rate

 

  

​

 

  

 

  

​

 

  

Commercial & Industrial

​

1

​

$

376

 

1

​

$

376

Residential 1-4 Family - Commercial

 

—

​

​

—

 

1

​

​

73

Residential 1-4 Family - Consumer

 

1

​

 

461

 

4

​

 

761

Consumer

 

2

​

 

18

 

3

​

 

26

Total loan term extended at a market rate

 

4

​

$

855

 

9

​

$

1,236

​

​

​

​

​

​

​

​

​

​

​

Term modification, below market rate

 

  

​

 

  

 

  

​

 

  

Construction and Land Development

​

2

​

$

164

​

2

​

$

164

Residential 1-4 Family - Consumer

 

5

​

​

883

 

17

​

​

2,211

Consumer

​

—

​

​

—

​

1

​

​

5

Total loan term extended at a below market rate

 

7

​

$

1,047

 

20

​

$

2,380

​

​

​

​

​

​

​

​

​

​

​

Total

 

11

​

$

1,902

 

29

​

$

3,616

​

​

​

​

​

​

​

​

​

​

​

Allowance for Loan Loss Activity, by Portfolio Segment, Balances for Allowance for Credit Losses, and Loans Based on Impairment Methodology

The following tables show the ALLL activity by segment for the three and nine months ended September 30, 2020 (dollars in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

 

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

 

​

​

​

    

​

​

​

    

 

​

​

​

​

​

​

​

​

​

​

Three Months Ended September 30, 2020

​

Nine Months Ended September 30, 2020

​

​

Commercial

​

Consumer

​

Total

​

Commercial

​

Consumer

​

Total

Balance at beginning of period

​

$

111,954

​

$

58,023

​

$

169,977

​

$

30,941

​

$

11,353

​

$

42,294

Impact of ASC 326 adoption on non-PCD loans

​

 

—

​

 

—

​

 

—

​

 

4,432

​

 

40,666

​

 

45,098

Impact of ASC 326 adoption on PCD loans

​

 

—

​

 

—

​

 

—

​

 

1,752

​

 

634

​

 

2,386

Impact of adopting ASC 326

​

 

—

​

 

—

​

 

—

​

 

6,184

​

 

41,300

​

 

47,484

Loans charged-off

​

 

(995)

​

 

(1,983)

​

 

(2,978)

​

 

(5,553)

​

 

(9,253)

​

 

(14,806)

Recoveries credited to allowance

​

 

718

​

 

848

​

 

1,566

​

 

2,580

​

 

2,557

​

 

5,137

Provision charged to operations

​

 

14,978

​

 

(9,421)

​

 

5,557

​

 

92,503

​

 

1,510

​

 

94,013

Balance at end of period

​

$

126,655

​

$

47,467

​

$

174,122

​

$

126,655

​

$

47,467

​

$

174,122

The following table shows the ALLL activity by class for the nine months ended September 30, 2019. 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):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Nine Months Ended September 30, 2019

​

​

Allowance for loan losses

​

    

Balance,

    

Recoveries

    

Loans

    

Provision

    

Balance,

​

​

beginning of

​

credited to

​

charged

​

charged to

​

end of

​

​

the year

​

allowance

​

off

​

operations

​

period

Construction and Land Development

​

$

6,803

​

$

269

​

$

(4,028)

​

$

2,863

​

$

5,907

Commercial Real Estate - Owner Occupied

​

 

4,023

​

 

118

​

 

(483)

​

 

361

​

 

4,019

Commercial Real Estate - Non-Owner Occupied

​

 

8,865

​

 

95

​

 

(270)

​

 

996

​

 

9,686

Multifamily Real Estate

​

 

649

​

 

85

​

 

—

​

 

46

​

 

780

Commercial & Industrial

​

 

7,636

​

 

936

​

 

(2,162)

​

 

2,739

​

 

9,149

Residential 1-4 Family - Commercial

​

 

1,692

​

 

244

​

 

(397)

​

 

50

​

 

1,589

Residential 1-4 Family - Consumer

​

 

1,492

​

 

256

​

 

(108)

​

 

158

​

 

1,798

Residential 1-4 Family - Revolving

​

 

1,297

​

 

589

​

 

(570)

​

 

(179)

​

 

1,137

Auto

​

 

1,443

​

 

452

​

 

(957)

​

 

614

​

 

1,552

Consumer and all other(1)

​

 

7,145

​

 

1,896

​

 

(12,215)

​

 

11,377

​

 

8,203

Total

​

$

41,045

​

$

4,940

​

$

(21,190)

​

$

19,025

​

$

43,820

(1)Consumer and Other Commercial are grouped together as Consumer and all other for reporting purposes.

​

The following tables show the loan and ALLL balances based on impairment methodology by class as of December 31, 2019 (dollars in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

December 31, 2019

​

​

Loans individually

​

Loans collectively

​

Loans acquired with

​

​

​

​

​

​

​

​

evaluated for

​

evaluated for

​

deteriorated credit

​

​

​

​

​

​

​

​

impairment

​

impairment

​

quality

​

Total

​

    

Loans

    

ALL

    

Loans

    

ALL

    

Loans

    

ALL

    

Loans

    

ALL

Construction and Land Development

​

$

6,861

​

$

49

​

$

1,233,119

​

$

5,709

​

$

10,944

​

$

—

​

$

1,250,924

​

$

5,758

Commercial Real Estate - Owner Occupied

​

 

11,621

​

 

146

​

 

2,002,184

​

 

3,773

​

 

27,438

​

 

—

​

 

2,041,243

​

 

3,919

Commercial Real Estate - Non-Owner Occupied

​

 

3,845

​

 

2

​

 

3,267,688

​

 

9,541

​

 

14,565

​

 

—

​

 

3,286,098

​

 

9,543

Multifamily Real Estate

​

 

—

​

 

—

​

 

633,649

​

 

632

​

 

94

​

 

—

​

 

633,743

​

 

632

Commercial & Industrial

​

 

6,236

​

 

619

​

 

2,106,218

​

 

7,768

​

 

1,579

​

 

217

​

 

2,114,033

​

 

8,604

Residential 1-4 Family - Commercial

​

 

5,773

​

 

162

​

 

706,359

​

 

1,203

​

 

12,205

​

 

—

​

 

724,337

​

 

1,365

Residential 1-4 Family - Consumer

​

 

20,446

​

 

1,242

​

 

855,344

​

 

771

​

 

14,713

​

 

—

​

 

890,503

​

 

2,013

Residential 1-4 Family - Revolving

​

 

3,048

​

 

510

​

 

652,329

​

 

813

​

 

4,127

​

 

—

​

 

659,504

​

 

1,323

Auto

​

 

563

​

 

221

​

 

349,852

​

 

1,232

​

 

4

​

 

—

​

 

350,419

​

 

1,453

Consumer and all other(1)

​

 

730

​

 

76

​

 

658,390

​

 

7,608

​

 

1,012

​

 

—

​

 

660,132

​

 

7,684

Total loans held for investment, net

​

$

59,123

​

$

3,027

​

$

12,465,132

​

$

39,050

​

$

86,681

​

$

217

​

$

12,610,936

​

$

42,294

(1)Consumer and Other Commercial are grouped together as Consumer and all other for reporting purposes.

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, 2019 (dollars in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

    

Pass

    

Watch & Special Mention

    

Substandard

    

Doubtful

    

Total

Construction and Land Development

​

$

1,197,066

​

$

37,182

​

$

5,732

​

$

—

​

$

1,239,980

Commercial Real Estate - Owner Occupied

​

 

1,916,492

​

 

87,004

​

 

10,309

​

 

—

​

 

2,013,805

Commercial Real Estate - Non-Owner Occupied

​

 

3,205,463

​

 

62,368

​

 

3,608

​

 

94

​

 

3,271,533

Multifamily Real Estate

​

 

613,844

​

 

19,396

​

 

409

​

 

—

​

 

633,649

Commercial & Industrial

​

 

2,043,903

​

 

60,495

​

 

8,048

​

 

8

​

 

2,112,454

Residential 1-4 Family - Commercial

​

 

680,894

​

 

24,864

​

 

6,374

​

 

—

​

 

712,132

Residential 1-4 Family - Consumer

​

 

841,408

​

 

13,592

​

 

20,534

​

 

256

​

 

875,790

Residential 1-4 Family - Revolving

​

 

641,069

​

 

6,373

​

 

7,935

​

 

—

​

 

655,377

Auto

​

 

345,960

​

 

2,630

​

 

1,825

​

 

—

​

 

350,415

Consumer

​

 

371,315

​

 

550

​

 

320

​

 

—

​

 

372,185

Other Commercial

​

 

284,914

​

 

1,863

​

 

158

​

 

—

​

 

286,935

Total

​

$

12,142,328

​

$

316,317

​

$

65,252

​

$

358

​

$

12,524,255

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, as of September 30, 2019 (dollars in thousands):

​

​

​

​

​

​

For the Nine Months Ended September 30, 

​

    

2019

Balance at beginning of period

​

$

31,201

Additions

​

 

2,432

Accretion

​

 

(9,830)

Reclass of nonaccretable difference due to improvement in expected cash flows

​

 

1,372

Measurement period adjustment

​

 

2,629

Other, net (1)

​

 

5,083

Balance at end of period

​

$

32,887

(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 class and their delinquency status, at December 31, 2019 (dollars in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

    

30-89 Days

    

Greater than

    

​

​

    

​

​

​

​

Past Due

​

90 Days

​

Current

​

Total

Construction and Land Development

​

$

136

​

$

343

​

$

10,465

​

$

10,944

Commercial Real Estate - Owner Occupied

​

 

480

​

 

6,884

​

 

20,074

​

 

27,438

Commercial Real Estate - Non-Owner Occupied

​

 

848

​

 

987

​

 

12,730

​

 

14,565

Multifamily Real Estate

​

 

—

​

 

—

​

 

94

​

 

94

Commercial & Industrial

​

 

—

​

 

989

​

 

590

​

 

1,579

Residential 1-4 Family - Commercial

​

 

543

​

 

1,995

​

 

9,667

​

 

12,205

Residential 1-4 Family - Consumer

​

 

927

​

 

1,781

​

 

12,005

​

 

14,713

Residential 1-4 Family - Revolving

​

 

287

​

 

205

​

 

3,635

​

 

4,127

Auto

​

​

—

​

​

—

​

​

4

​

​

4

Consumer

​

​

—

​

​

9

​

​

659

​

​

668

Other Commercial

​

 

—

​

 

—

​

 

344

​

 

344

Total

​

$

3,221

​

$

13,193

​

$

70,267

​

$

86,681

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, 2019 (dollars in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

    

Pass

    

Watch & Special Mention

    

Substandard

    

Doubtful

    

Total

Construction and Land Development

​

$

1,092

​

$

3,692

​

$

6,160

​

$

—

​

$

10,944

Commercial Real Estate - Owner Occupied

​

 

8,264

​

 

10,524

​

 

8,650

​

 

—

​

 

27,438

Commercial Real Estate - Non-Owner Occupied

​

 

3,826

​

 

9,415

​

 

1,324

​

 

—

​

 

14,565

Multifamily Real Estate

​

 

—

​

 

94

​

 

—

​

 

—

​

 

94

Commercial & Industrial

​

 

127

​

 

25

​

 

1,427

​

 

—

​

 

1,579

Residential 1-4 Family - Commercial

​

 

6,000

​

 

2,693

​

 

3,512

​

 

—

​

 

12,205

Residential 1-4 Family - Consumer

​

 

9,947

​

 

557

​

 

4,209

​

 

—

​

 

14,713

Residential 1-4 Family - Revolving

​

 

2,887

​

 

707

​

 

533

​

 

—

​

 

4,127

Auto

​

​

2

​

​

—

​

​

2

​

​

—

​

​

4

Consumer

​

 

657

​

 

—

​

 

11

​

 

—

​

 

668

Other Commercial

​

​

120

​

​

224

​

​

—

​

​

—

​

​

344

Total

​

$

32,922

​

$

27,931

​

$

25,828

​

$

—

​

$

86,681

Commercial Portfolio  
Accounts, Notes, Loans and Financing Receivable [Line Items]  
Loans Receivables Related Risk Rating

The table below details the amortized cost of the classes of loans within the Commercial segment by risk level and year of origination as of September 30, 2020 (dollars in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

September 30, 2020

​

​

​

Term Loans Amortized Cost Basis by Origination Year

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

2020

​

2019

​

2018

​

2017

​

2016

​

Prior

​

Revolving Loans

​

Total

Construction and Land Development

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Pass

​

$

236,949

​

$

346,840

​

$

304,768

​

$

41,015

​

$

42,268

​

$

63,632

​

$

29,674

​

$

1,065,146

Watch & Special Mention

​

​

2,268

​

​

67,572

​

​

40,714

​

​

347

​

​

5,863

​

​

16,549

​

​

1,645

​

​

134,958

Substandard

​

​

—

​

​

—

​

​

368

​

​

710

​

​

2,040

​

​

3,968

​

​

—

​

​

7,086

Total Construction and Land Development

​

$

239,217

​

$

414,412

​

$

345,850

​

$

42,072

​

$

50,171

​

$

84,149

​

$

31,319

​

$

1,207,190

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Commercial Real Estate - Owner Occupied

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Pass

​

$

226,090

​

$

369,661

​

$

304,296

​

$

243,299

​

$

143,786

​

$

616,113

​

$

23,577

​

$

1,926,822

Watch & Special Mention

​

​

2,002

​

​

17,684

​

​

23,479

​

​

17,770

​

​

31,406

​

​

64,728

​

​

2,599

​

​

159,668

Substandard

​

​

—

​

​

118

​

​

1,099

​

​

1,113

​

​

1,039

​

​

17,175

​

​

299

​

​

20,843

Total Commercial Real Estate - Owner Occupied

​

$

228,092

​

$

387,463

​

$

328,874

​

$

262,182

​

$

176,231

​

$

698,016

​

$

26,475

​

$

2,107,333

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Commercial Real Estate - Non-Owner Occupied

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Pass

​

$

275,008

​

$

439,081

​

$

401,551

​

$

442,151

​

$

356,256

​

$

862,293

​

$

24,467

​

$

2,800,807

Watch & Special Mention

​

​

27,599

​

​

104,352

​

​

97,973

​

​

71,618

​

​

107,934

​

​

259,591

​

​

18,318

​

​

687,385

Substandard

​

​

—

​

​

—

​

​

6,464

​

​

—

​

​

25

​

​

3,248

​

​

—

​

​

9,737

Total Commercial Real Estate - Non-Owner Occupied

​

$

302,607

​

$

543,433

​

$

505,988

​

$

513,769

​

$

464,215

​

$

1,125,132

​

$

42,785

​

$

3,497,929

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Commercial & Industrial

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Pass

​

$

1,979,209

​

$

401,385

​

$

221,417

​

$

79,734

​

$

76,145

​

$

149,692

​

$

524,960

​

$

3,432,542

Watch & Special Mention

​

​

5,081

​

​

29,405

​

​

16,889

​

​

4,163

​

​

5,170

​

​

6,443

​

​

28,156

​

​

95,307

Substandard

​

​

37

​

​

928

​

​

396

​

​

129

​

​

623

​

​

2,710

​

​

3,577

​

​

8,400

Total Commercial & Industrial

​

$

1,984,327

​

$

431,718

​

$

238,702

​

$

84,026

​

$

81,938

​

$

158,845

​

$

556,693

​

$

3,536,249

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Multifamily Real Estate

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Pass

​

$

131,434

​

$

80,234

​

$

69,881

​

$

120,758

​

$

70,127

​

$

239,525

​

$

2,499

​

$

714,458

Watch & Special Mention

​

​

2,283

​

​

1,018

​

​

4,894

​

​

2,490

​

​

621

​

​

5,427

​

​

—

​

​

16,733

Substandard

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

391

​

​

—

​

​

391

Total Multifamily Real Estate

​

$

133,717

​

$

81,252

​

$

74,775

​

$

123,248

​

$

70,748

​

$

245,343

​

$

2,499

​

$

731,582

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Residential 1-4 Family - Commercial

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Pass

​

$

78,631

​

$

100,919

​

$

76,284

​

$

87,277

​

$

76,710

​

$

226,118

​

$

1,251

​

$

647,190

Watch & Special Mention

​

​

592

​

​

4,625

​

​

8,739

​

​

4,420

​

​

4,186

​

​

15,798

​

​

—

​

​

38,360

Substandard

​

​

652

​

​

810

​

​

272

​

​

2,060

​

​

993

​

​

6,119

​

​

488

​

​

11,394

Total Residential 1-4 Family - Commercial

​

$

79,875

​

$

106,354

​

$

85,295

​

$

93,757

​

$

81,889

​

$

248,035

​

$

1,739

​

$

696,944

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Other Commercial

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Pass

​

$

221,801

​

$

115,346

​

$

9,972

​

$

39,542

​

$

16,602

​

$

47,858

​

$

31,730

​

$

482,851

Watch & Special Mention

​

​

22

​

​

—

​

​

621

​

​

1,312

​

​

927

​

​

8,351

​

​

—

​

​

11,233

Total Other Commercial

​

$

221,823

​

$

115,346

​

$

10,593

​

$

40,854

​

$

17,529

​

$

56,209

​

$

31,730

​

$

494,084

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Total Commercial

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Pass

​

$

3,149,122

​

$

1,853,466

​

$

1,388,169

​

$

1,053,776

​

$

781,894

​

$

2,205,231

​

$

638,158

​

$

11,069,816

Watch & Special Mention(1)

​

​

39,847

​

​

224,656

​

​

193,309

​

​

102,120

​

​

156,107

​

​

376,887

​

​

50,718

​

​

1,143,644

Substandard

​

​

689

​

​

1,856

​

​

8,599

​

​

4,012

​

​

4,720

​

​

33,611

​

​

4,364

​

​

57,851

Total Commercial

​

$

3,189,658

​

$

2,079,978

​

$

1,590,077

​

$

1,159,908

​

$

942,721

​

$

2,615,729

​

$

693,240

​

$

12,271,311

Consumer Portfolio  
Accounts, Notes, Loans and Financing Receivable [Line Items]  
Loans Receivables Related Risk Rating

For Consumer loans, the Company evaluates credit quality based on the delinquency status of the loan. The following table details the amortized cost of the classes of loans within the Consumer segment based on their delinquency status and year of origination as of September 30, 2020 (dollars in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

September 30, 2020

​

​

​

Term Loans Amortized Cost Basis by Origination Year

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

2020

​

2019

​

2018

​

2017

​

2016

​

Prior

​

Revolving Loans

​

Total

Residential 1-4 Family - Consumer

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Current

​

$

143,716

​

$

83,309

​

$

78,957

​

$

77,910

​

$

111,043

​

$

311,108

​

$

12

​

$

806,055

30-59 Days Past Due

​

​

—

​

​

156

​

​

1,648

​

​

43

​

​

263

​

​

888

​

​

—

​

​

2,998

60-89 Days Past Due

​

​

—

​

​

—

​

​

708

​

​

1,138

​

​

67

​

​

2,063

​

​

—

​

​

3,976

90+ Days Past Due

​

​

646

​

​

1,574

​

​

—

​

​

313

​

​

388

​

​

1,574

​

​

—

​

​

4,495

Nonaccrual

​

​

—

​

​

—

​

​

708

​

​

870

​

​

774

​

​

10,268

​

​

—

​

​

12,620

Total Residential 1-4 Family - Consumer

​

$

144,362

​

$

85,039

​

$

82,021

​

$

80,274

​

$

112,535

​

$

325,901

​

$

12

​

$

830,144

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Residential 1-4 Family - Revolving

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Current

​

$

11,456

​

$

4,160

​

$

2,019

​

$

—

​

$

—

​

$

644

​

$

590,291

​

$

608,570

30-59 Days Past Due

​

​

—

​

​

36

​

​

—

​

​

—

​

​

—

​

​

—

​

​

2,633

​

​

2,669

60-89 Days Past Due

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

1,141

​

​

1,141

90+ Days Past Due

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

2,276

​

​

2,276

Nonaccrual

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

314

​

​

3,350

​

​

3,664

Total Residential 1-4 Family - Revolving

​

$

11,456

​

$

4,196

​

$

2,019

​

$

—

​

$

—

​

$

958

​

$

599,691

​

$

618,320

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Consumer

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Current

​

$

26,520

​

$

79,119

​

$

79,878

​

$

25,836

​

$

11,163

​

$

18,017

​

$

33,296

​

$

273,829

30-59 Days Past Due

​

​

37

​

​

261

​

​

444

​

​

87

​

​

24

​

​

41

​

​

126

​

​

1,020

60-89 Days Past Due

​

​

38

​

​

126

​

​

273

​

​

20

​

​

25

​

​

186

​

​

104

​

​

772

90+ Days Past Due

​

​

—

​

​

19

​

​

253

​

​

32

​

​

21

​

​

—

​

​

2

​

​

327

Nonaccrual

​

​

—

​

​

—

​

​

—

​

​

—

​

​

1

​

​

74

​

​

—

​

​

75

Total Consumer

​

$

26,595

​

$

79,525

​

$

80,848

​

$

25,975

​

$

11,234

​

$

18,318

​

$

33,528

​

$

276,023

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Auto

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Current

​

$

129,176

​

$

126,243

​

$

62,569

​

$

37,390

​

$

20,505

​

$

8,736

​

$

—

​

$

384,619

30-59 Days Past Due

​

​

145

​

​

490

​

​

265

​

​

288

​

​

195

​

​

130

​

​

—

​

​

1,513

60-89 Days Past Due

​

​

39

​

​

132

​

​

118

​

​

116

​

​

26

​

​

22

​

​

—

​

​

453

90+ Days Past Due

​

​

29

​

​

99

​

​

62

​

​

45

​

​

53

​

​

27

​

​

—

​

​

315

Nonaccrual

​

​

33

​

​

128

​

​

61

​

​

107

​

​

111

​

​

77

​

​

—

​

​

517

Total Auto

​

$

129,422

​

$

127,092

​

$

63,075

​

$

37,946

​

$

20,890

​

$

8,992

​

$

—

​

$

387,417

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Total Consumer

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Current

​

$

310,868

​

$

292,831

​

$

223,423

​

$

141,136

​

$

142,711

​

$

338,505

​

$

623,599

​

$

2,073,073

30-59 Days Past Due

​

​

182

​

​

943

​

​

2,357

​

​

418

​

​

482

​

​

1,059

​

​

2,759

​

​

8,200

60-89 Days Past Due

​

​

77

​

​

258

​

​

1,099

​

​

1,274

​

​

118

​

​

2,271

​

​

1,245

​

​

6,342

90+ Days Past Due

​

​

675

​

​

1,692

​

​

315

​

​

390

​

​

462

​

​

1,601

​

​

2,278

​

​

7,413

Nonaccrual

​

​

33

​

​

128

​

​

769

​

​

977

​

​

886

​

​

10,733

​

​

3,350

​

​

16,876

Total Consumer

​

$

311,835

​

$

295,852

​

$

227,963

​

$

144,195

​

$

144,659

​

$

354,169

​

$

633,231

​

$

2,111,904