v3.22.4
Loans (Tables)
 12 Months Ended
Dec. 31, 2022
Receivables [Abstract]  
Loans
Year-end loans, including leases net of unearned discounts, consisted of the following:
20222021
Commercial and industrial$5,674,798 $5,364,954 
Energy:
Production696,570 878,436 
Service133,542 105,901 
Other95,617 93,455 
Total energy925,729 1,077,792 
Paycheck Protection Program34,852 428,882 
Commercial real estate:
Commercial mortgages6,168,910 5,867,062 
Construction1,477,247 1,304,271 
Land537,168 405,277 
Total commercial real estate8,183,325 7,576,610 
Consumer real estate:
Home equity lines of credit691,841 519,098 
Home equity loans449,507 324,157 
Home improvement loans577,377 428,069 
Other124,814 139,466 
Total consumer real estate1,843,539 1,410,790 
Total real estate10,026,864 8,987,400 
Consumer and other492,726 477,369 
Total loans$17,154,969 $16,336,397 
Activities in Related Party Loans Activity in related party loans during 2022 is presented in the following table. Other changes were primarily related to changes in related-party status.
Balance outstanding at December 31, 2021$350,538 
Principal additions337,700 
Principal payments(294,857)
Other changes(2,126)
Balance outstanding at December 31, 2022$391,255 
Non-Accrual Loans, Segregated by Class of Loans
Year-end non-accrual loans, segregated by class of loans, were as follows:
December 31, 2022December 31, 2021
Total Non-AccrualNon-Accrual with No Credit Loss AllowanceTotal Non-AccrualNon-Accrual with No Credit Loss Allowance
Commercial and industrial$18,130 $8,514 $22,582 $4,701 
Energy15,224 7,139 14,433 8,533 
Commercial real estate:
Buildings, land and other3,552 1,991 15,297 13,817 
Construction— — 948 — 
Consumer real estate927 927 440 138 
Consumer and other— — 13 13 
Total$37,833 $18,571 $53,713 $27,202 
Financing Receivable, Non-Accrual Loans, Segregated by Class of Loan and Year of Origination
The following tables present non-accrual loans as of December 31, 2022 and December 31, 2021 by class and year of origination.
December 31, 2022
20222021202020192018PriorRevolving LoansRevolving Loans Converted to TermTotal
Commercial and industrial$— $1,252 $1,089 $3,242 $1,197 $191 $2,973 $8,186 $18,130 
Energy4,657 — 72 1,386 10 — 7,631 1,468 15,224 
Commercial real estate:
Buildings, land and other1,644 — — 217 266 1,425 — — 3,552 
Construction— — — — — — — — — 
Consumer real estate— 258 — — — 84 — 585 927 
Consumer and other— — — — — — — — — 
Total$6,301 $1,510 $1,161 $4,845 $1,473 $1,700 $10,604 $10,239 $37,833 
December 31, 2021
20212020201920182017PriorRevolving LoansRevolving Loans Converted to TermTotal
Commercial and industrial$636 $3,856 $5,047 $1,820 $765 $353 $4,635 $5,470 $22,582 
Energy— — 5,358 1,325 — — 6,931 819 14,433 
Commercial real estate:
Buildings, land and other6,038 307 3,446 814 2,030 2,662 — — 15,297 
Construction— 948 — — — — — — 948 
Consumer real estate— — — — — 408 — 32 440 
Consumer and other13 — — — — — — — 13 
Total$6,687 $5,111 $13,851 $3,959 $2,795 $3,423 $11,566 $6,321 $53,713 
Age Analysis of Past Due Loans, Segregated by Class of Loans
An age analysis of past due loans (including both accruing and non-accruing loans), segregated by class of loans, as of December 31, 2022 is presented in the following table. Despite their past due status, Paycheck Protection Plan loans are fully guaranteed by the SBA.
Loans
30-89 Days
Past Due		Loans
90 or More
Days
Past Due		Total Past
Due Loans		Current
Loans		Total LoansAccruing
Loans 90 or
More Days
Past Due
Commercial and industrial$36,167 $12,853 $49,020 $5,625,778 $5,674,798 $5,560 
Energy2,880 7,680 10,560 915,169 925,729 — 
Paycheck Protection Program5,321 13,867 19,188 15,664 34,852 13,867 
Commercial real estate:
Buildings, land and other23,561 5,869 29,430 6,676,648 6,706,078 5,664 
Construction— — — 1,477,247 1,477,247 — 
Consumer real estate7,856 2,690 10,546 1,832,993 1,843,539 2,398 
Consumer and other5,155 311 5,466 487,260 492,726 311 
Total$80,940 $43,270 $124,210 $17,030,759 $17,154,969 $27,800 
Troubled Debt Restructurings Troubled debt restructurings that occurred during 2022, 2021 and 2020 are set forth in the following table.
202220212020
Balance at
Restructure		Balance at
Year-end		Balance at
Restructure		Balance at
Year-end		Balance at
Restructure		Balance at
Year-end
Commercial and industrial$— $— $1,312 $1,162 $3,661 $192 
Energy— — 3,817 721 2,432 2,421 
Commercial real estate:
Buildings, land and other1,155 1,051 1,888 1,862 9,310 4,922 
Construction— — — — 1,017 1,017 
Consumer real estate— — — — — — 
Consumer and other— — — — 1,104 — 
$1,155 $1,051 $7,017 $3,745 $17,524 $8,552 
Restructured Loans Past Due in Excess of 90 Days on Financing Receivables
Additional information related to restructured loans was as follows:
202220212020
Restructured loans past due in excess of 90 days at period-end:
Number of loans— 2 1 
Dollar amount of loans$— $1,027 $2,008 
Restructured loans on non-accrual status at period end1,051 3,439 8,552 
Charge-offs of restructured loans:
Recognized in connection with restructuring— — 337 
Recognized on previously restructured loans723 4,278 3,894 
Proceeds from sale of restructured loans1,070 — — 
Weighted Average Risk Grades for All Commercial Loans by Class and Year of Origination
The following tables present weighted-average risk grades for all commercial loans, by class and year of origination/renewal as of December 31, 2022 and 2021. Paycheck Protection Program (“PPP”) loans are excluded as such loans are fully guaranteed by the Small Business Administration (“SBA”).
December 31, 2022
20222021202020192018PriorRevolving LoansRevolving Loans Converted to TermTotal
Commercial and industrial
Risk grades 1-8$1,667,274 $618,756 $485,908 $226,835 $123,768 $192,791 $2,068,891 $51,694 $5,435,917 
Risk grade 931,275 34,950 3,651 5,400 11,006 1,014 54,856 4,040 146,192 
Risk grade 102,294 724 845 4,713 1,341 114 23,880 3,685 37,596 
Risk grade 112,342 1,357 6,720 1,807 1,229 1,644 19,582 2,282 36,963 
Risk grade 12— 1,052 866 2,972 1,177 191 673 5,590 12,521 
Risk grade 13— 200 223 270 20 — 2,300 2,596 5,609 
$1,703,185 $657,039 $498,213 $241,997 $138,541 $195,754 $2,170,182 $69,887 $5,674,798 
W/A risk grade6.37 7.05 6.01 6.59 6.87 5.55 6.26 7.68 6.39 
Energy
Risk grades 1-8$338,050 $99,089 $4,917 $3,138 $2,020 $2,850 $393,957 $43,161 $887,182 
Risk grade 91,561 1,611 166 562 748 — 6,434 30 11,112 
Risk grade 10— — — 428 214 — — — 642 
Risk grade 117,956 162 157 3,145 86 63 — — 11,569 
Risk grade 123,995 — 72 1,386 10 — 4,571 806 10,840 
Risk grade 13662 — — — — — 3,060 662 4,384 
$352,224 $100,862 $5,312 $8,659 $3,078 $2,913 $408,022 $44,659 $925,729 
W/A risk grade6.09 5.65 7.65 9.64 8.02 6.59 5.18 5.69 5.67 
Commercial real estate:
Buildings, land, other
Risk grades 1-8$1,811,069 $1,484,811 $956,567 $708,942 $360,154 $800,944 $111,778 $105,763 $6,340,028 
Risk grade 952,288 13,139 36,264 22,086 17,699 45,590 652 2,210 189,928 
Risk grade 1026,688 11,150 3,735 9,008 29,683 5,221 5,535 — 91,020 
Risk grade 1110,199 19,073 12,631 4,778 2,525 28,841 2,993 510 81,550 
Risk grade 121,049 — — 217 266 1,425 — — 2,957 
Risk grade 13595 — — — — — — — 595 
$1,901,888 $1,528,173 $1,009,197 $745,031 $410,327 $882,021 $120,958 $108,483 $6,706,078 
W/A risk grade7.01 7.26 7.14 7.01 7.33 6.94 7.38 6.43 7.09 
Construction
Risk grades 1-8$640,948 $489,391 $128,788 $2,236 $486 $1,726 $163,293 $3,144 $1,430,012 
Risk grade 912,865 2,100 2,100 — — — 17,887 — 34,952 
Risk grade 10859 72 — — — — — — 931 
Risk grade 1111,352 — — — — — — — 11,352 
Risk grade 12— — — — — — — — — 
Risk grade 13— — — — — — — — — 
$666,024 $491,563 $130,888 $2,236 $486 $1,726 $181,180 $3,144 $1,477,247 
W/A risk grade7.29 7.03 6.43 7.04 6.00 6.76 7.23 5.03 7.12 
Total commercial real estate$2,567,912 $2,019,736 $1,140,085 $747,267 $410,813 $883,747 $302,138 $111,627 $8,183,325 
W/A risk grade7.08 7.20 7.06 7.01 7.33 6.94 7.29 6.39 7.10 
December 31, 2021
20212020201920182017PriorRevolving LoansRevolving Loans Converted to TermTotal
Commercial and industrial
Risk grades 1-8$1,567,883 $657,529 $350,563 $179,209 $146,064 $131,201 $1,987,061 $44,337 $5,063,847 
Risk grade 932,866 21,094 24,683 26,327 612 11,419 65,131 5,738 187,870 
Risk grade 1027,961 6,273 4,047 4,357 1,021 98 14,091 1,289 59,137 
Risk grade 111,178 4,572 8,068 2,450 2,460 221 4,714 7,855 31,518 
Risk grade 12456 2,495 3,828 1,756 347 353 613 2,687 12,535 
Risk grade 13180 1,361 1,219 64 418 — 4,022 2,783 10,047 
$1,630,524 $693,324 $392,408 $214,163 $150,922 $143,292 $2,075,632 $64,689 $5,364,954 
W/A risk grade5.91 6.30 6.89 7.06 5.91 5.80 6.21 8.04 6.22 
Energy
Risk grades 1-8$445,489 $8,075 $9,259 $6,441 $3,110 $4,368 $464,454 $67,174 $1,008,370 
Risk grade 919,274 611 1,775 187 — 724 11,635 2,416 36,622 
Risk grade 10— 101 631 511 — — — 530 1,773 
Risk grade 1110,260 752 3,968 1,016 — 546 — 52 16,594 
Risk grade 12— — 3,888 246 — — 4,000 819 8,953 
Risk grade 13— — 1,470 1,079 — — 2,931 — 5,480 
$475,023 $9,539 $20,991 $9,480 $3,110 $5,638 $483,020 $70,991 $1,077,792 
W/A risk grade6.21 7.81 9.34 8.60 7.12 7.63 5.61 6.46 6.06 
Commercial real estate:
Buildings, land, other
Risk grades 1-8$1,707,550 $1,096,274 $874,130 $533,362 $492,492 $713,268 $52,150 $105,696 $5,574,922 
Risk grade 916,302 145,340 52,427 43,806 27,188 27,767 4,445 4,258 321,533 
Risk grade 1028,209 13,813 69,643 46,250 64,950 46,582 — — 269,447 
Risk grade 113,455 1,321 8,720 7,788 26,107 34,970 3,000 5,779 91,140 
Risk grade 125,838 307 3,446 814 2,030 2,662 — — 15,097 
Risk grade 13200 — — — — — — — 200 
$1,761,554 $1,257,055 $1,008,366 $632,020 $612,767 $825,249 $59,595 $115,733 $6,272,339 
W/A risk grade7.19 7.18 7.35 7.39 7.34 7.01 7.06 7.02 7.22 
Construction
Risk grades 1-8$657,471 $262,176 $178,226 $2,339 $38 $1,930 $160,020 $— $1,262,200 
Risk grade 935,721 4,956 — — 446 — — — 41,123 
Risk grade 10— — — — — — — — — 
Risk grade 11— — — — — — — — — 
Risk grade 12— 748 — — — — — — 748 
Risk grade 13— 200 — — — — — — 200 
$693,192 $268,080 $178,226 $2,339 $484 $1,930 $160,020 $— $1,304,271 
W/A risk grade7.17 6.56 7.60 7.51 8.92 6.73 6.79 — 7.06 
Total commercial real estate$2,454,746 $1,525,135 $1,186,592 $634,359 $613,251 $827,179 $219,615 $115,733 $7,576,610 
W/A risk grade7.18 7.07 7.39 7.39 7.34 7.00 6.86 7.02 7.19 
Age analysis of Past Due Consumer Loans by Class and Year of Origination
Information about the payment status of consumer loans, segregated by portfolio segment and year of origination, as of December 31, 2022 and December 31, 2021 was as follows:
December 31, 2022
20222021202020192018PriorRevolving LoansRevolving Loans Converted to TermTotal
Consumer real estate:
Past due 30-89 days$793 $1,125 $645 $936 $503 $2,087 $565 $1,202 $7,856 
Past due 90 or more days95 258 28 — 129 919 347 914 2,690 
Total past due888 1,383 673 936 632 3,006 912 2,116 10,546 
Current loans403,587 313,222 194,900 70,723 38,904 122,585 678,418 10,654 1,832,993 
Total$404,475 $314,605 $195,573 $71,659 $39,536 $125,591 $679,330 $12,770 $1,843,539 
Consumer and other:
Past due 30-89 days$2,673 $511 $128 $51 $4 $31 $314 $1,443 $5,155 
Past due 90 or more days77 2 — 13 — — 25 194 311 
Total past due2,750 513 128 64 4 31 339 1,637 5,466 
Current loans59,886 20,887 6,475 2,897 1,271 1,632 372,117 22,095 487,260 
Total$62,636 $21,400 $6,603 $2,961 $1,275 $1,663 $372,456 $23,732 $492,726 
December 31, 2021
20212020201920182017PriorRevolving LoansRevolving Loans Converted to TermTotal
Consumer real estate:
Past due 30-89 days$280 $204 $406 $489 $296 $1,344 $126 $1,732 $4,877 
Past due 90 or more days— — — 154 355 828 991 185 2,513 
Total past due280 204 406 643 651 2,172 1,117 1,917 7,390 
Current loans319,042 251,160 95,900 55,893 48,841 116,423 505,333 10,808 1,403,400 
Total$319,322 $251,364 $96,306 $56,536 $49,492 $118,595 $506,450 $12,725 $1,410,790 
Consumer and other:
Past due 30-89 days$1,600 $91 $120 $38 $51 $17 $325 $1,943 $4,185 
Past due 90 or more days548 — 45 — — — 34 449 1,076 
Total past due2,148 91 165 38 51 17 359 2,392 5,261 
Current loans46,708 17,843 6,215 2,684 1,708 1,158 371,866 23,926 472,108 
Total$48,856 $17,934 $6,380 $2,722 $1,759 $1,175 $372,225 $26,318 $477,369 
Financing Receivable Revolving Loans Converted to Term
Revolving loans that converted to term during 2022 and 2021 were as follows:
20222021
Commercial and industrial$34,247 $40,099 
Energy3,295 54,996 
Commercial real estate:
Buildings, land and other12,174 68,337 
Construction3,144 — 
Consumer real estate5,381 1,156 
Consumer and other9,200 8,367 
Total$67,441 $172,955 
Financing Receivable, Allowance for Credit Loss By Loan Class Calculated in Accordance With CECL Methodology
The following table presents details of the allowance for credit losses on loans segregated by loan portfolio segment as of December 31, 2022 and 2021, calculated in accordance with the CECL methodology described above. No allowance for credit losses has been recognized for PPP loans as such loans are fully guaranteed by the SBA.
Commercial
and
Industrial		EnergyCommercial
Real Estate		Consumer
Real Estate		Consumer
and Other		Total
December 31, 2022
Modeled expected credit losses$61,918 $8,531 $27,013 $7,847 $4,983 $110,292 
Q-Factor and other qualitative adjustments36,237 5,148 61,572 157 2,034 105,148 
Specific allocations6,082 4,383 1,716 — — 12,181 
Total$104,237 $18,062 $90,301 $8,004 $7,017 $227,621 
December 31, 2021
Modeled expected credit losses$46,946 $6,363 $16,676 $6,484 $6,397 $82,866 
Q-Factor and other qualitative adjustments14,609 5,374 127,860 65 1,440 149,348 
Specific allocations10,536 5,480 400 36 — 16,452 
Total$72,091 $17,217 $144,936 $6,585 $7,837 $248,666 
Activity in Allowance for Loan Losses by Portfolio Segment
The following table details activity in the allowance for credit losses on loans by portfolio segment for 2022, 2021 and 2020. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories. No allowance for credit losses has been recognized for PPP loans as such loans are fully guaranteed by the SBA.
Commercial
and
Industrial		EnergyCommercial
Real Estate		Consumer
Real Estate		Consumer
and Other		Total
2022
Beginning balance$72,091 $17,217 $144,936 $6,585 $7,837 $248,666 
Credit loss expense (benefit)34,479 (313)(54,775)1,813 13,517 (5,279)
Charge-offs(6,575)(371)(702)(912)(24,388)(32,948)
Recoveries4,242 1,529 842 518 10,051 17,182 
Net (charge-offs) recoveries(2,333)1,158 140 (394)(14,337)(15,766)
Ending balance$104,237 $18,062 $90,301 $8,004 $7,017 $227,621 
2021
Beginning balance$73,843 $39,553 $134,892 $7,926 $6,963 $263,177 
Credit loss expense (benefit)(2,160)(19,207)8,101 (3,061)10,230 (6,097)
Charge-offs(5,513)(5,331)(399)(829)(18,614)(30,686)
Recoveries5,921 2,202 2,342 2,549 9,258 22,272 
Net (charge-offs) recoveries408 (3,129)1,943 1,720 (9,356)(8,414)
Ending balance$72,091 $17,217 $144,936 $6,585 $7,837 $248,666 
2020
Beginning balance$51,593 $37,382 $31,037 $4,113 $8,042 $132,167 
Impacting of adopting ASC 32621,263 (10,453)(13,519)2,392 (2,248)(2,565)
Credit loss expense (benefit)15,156 85,889 124,427 1,906 9,632 237,010 
Charge-offs(18,908)(76,107)(7,499)(2,186)(17,830)(122,530)
Recoveries4,739 2,842 446 1,701 9,367 19,095 
Net (charge-offs) recoveries(14,169)(73,265)(7,053)(485)(8,463)(103,435)
Ending balance$73,843 $39,553 $134,892 $7,926 $6,963 $263,177 
Investment in Loans Related to the Allowance for Loan Losses by Portfolio Segment Disaggregated Based on Impairment Methodology
The following table presents loans that were evaluated for expected credit losses on an individual basis and the related specific allocations, by loan portfolio segment as of December 31, 2022 and December 31, 2021.
December 31, 2022December 31, 2021
Loan
Balance		Specific AllocationsLoan
Balance		Specific Allocations
Commercial and industrial$18,980 $6,082 $24,523 $10,536 
Energy15,058 4,383 16,393 5,480 
Paycheck Protection Program— — — — 
Commercial real estate:
Buildings, land and other17,711 1,716 24,670 200 
Construction— — 948 200 
Consumer real estate827 — 303 36 
Consumer and other— — — — 
Total$52,576 $12,181 $66,837 $16,452