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

$