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Loans and Leases (Tables)
6 Months Ended
Jun. 30, 2017
Receivables [Abstract]  
Summary of Major Loan and Lease Categories
 
At June 30, 2017
(Dollars in thousands)
Originated
 
Acquired
 
Total
Commercial, financial and agricultural
$
819,487

 
$
85,680

 
$
905,167

Real estate-commercial
1,128,602

 
375,122

 
1,503,724

Real estate-construction
162,323

 
8,476

 
170,799

Real estate-residential secured for business purpose
194,369

 
99,734

 
294,103

Real estate-residential secured for personal purpose
235,782

 
70,599

 
306,381

Real estate-home equity secured for personal purpose
159,868

 
12,386

 
172,254

Loans to individuals
27,442

 
146

 
27,588

Lease financings
130,154

 

 
130,154

Total loans and leases held for investment, net of deferred income
$
2,858,027

 
$
652,143

 
$
3,510,170

Unearned lease income, included in the above table
$
(15,224
)
 
$

 
$
(15,224
)
Net deferred costs, included in the above table
4,389

 

 
4,389

Overdraft deposits included in the above table
68

 

 
68



 
At December 31, 2016
(Dollars in thousands)
Originated
 
Acquired
 
Total
Commercial, financial and agricultural
$
663,221

 
$
160,045

 
$
823,266

Real estate-commercial
909,581

 
465,368

 
1,374,949

Real estate-construction
142,891

 
31,953

 
174,844

Real estate-residential secured for business purpose
151,931

 
142,137

 
294,068

Real estate-residential secured for personal purpose
210,377

 
80,431

 
290,808

Real estate-home equity secured for personal purpose
147,982

 
14,857

 
162,839

Loans to individuals
30,110

 
263

 
30,373

Lease financings
134,739

 

 
134,739

Total loans and leases held for investment, net of deferred income
$
2,390,832

 
$
895,054

 
$
3,285,886

Unearned lease income, included in the above table
$
(15,970
)
 
$

 
$
(15,970
)
Net deferred costs, included in the above table
4,503

 

 
4,503

Overdraft deposits included in the above table
84

 

 
84

Schedule of Impaired Loans
The outstanding principal balance and carrying amount for acquired credit impaired loans at June 30, 2017 and December 31, 2016 were as follows:
(Dollars in thousands)
At June 30, 2017
 
At December 31, 2016
Outstanding principal balance
$
7,811

 
$
8,993

Carrying amount
6,485

 
7,352

Allowance for loan losses

 

The following table presents the changes in accretable yield on acquired credit impaired loans:
 
Six Months Ended June 30,
(Dollars in thousands)
2017
 
2016
Beginning of period
$
50

 
$
144

Reclassification from nonaccretable discount
279

 
133

Accretable discount amortized to interest income
(297
)
 
(184
)
Disposals
(4
)
 
(34
)
End of period
$
28

 
$
59

The following presents, by class of loans, the recorded investment and unpaid principal balance of impaired loans, the amounts of the impaired loans for which there is not a reserve for credit losses and the amounts for which there is a reserve for credit losses at June 30, 2017 and December 31, 2016. The impaired loans exclude acquired credit impaired loans.
 
At June 30, 2017
 
At December 31, 2016
(Dollars in thousands)
Recorded
Investment
 
Unpaid
Principal
Balance
 
Related
Reserve
 
Recorded
Investment
 
Unpaid
Principal
Balance
 
Related
Reserve
Impaired loans with no related reserve recorded:
 
 
 
 
 
 
 
 
 
 
 
Commercial, financial and agricultural
$
9,629

 
$
10,947

 
 
 
$
10,911

 
$
12,561

 
 
Real estate—commercial real estate
19,164

 
20,029

 
 
 
24,469

 
25,342

 
 
Real estate—construction
365

 
365

 
 
 

 

 
 
Real estate—residential secured for business purpose
4,655

 
5,673

 
 
 
5,704

 
6,253

 
 
Real estate—residential secured for personal purpose
703

 
764

 
 
 
560

 
594

 
 
Real estate—home equity secured for personal purpose
238

 
244

 
 
 
525

 
528

 
 
Total impaired loans with no related reserve recorded
$
34,754

 
$
38,022

 
 
 
$
42,169

 
$
45,278

 
 
Impaired loans with a reserve recorded:
 
 
 
 
 
 
 
 
 
 
 
Commercial, financial and agricultural
$
165

 
$
166

 
$
10

 
$
166

 
$
166

 
$
19

Real estate—commercial real estate
1,206

 
1,206

 
59

 
597

 
597

 
25

Real estate—residential secured for business purpose
541

 
542

 
37

 
983

 
1,105

 
191

Real estate—residential secured for personal purpose
26

 
26

 
25

 

 

 

Total impaired loans with a reserve recorded
$
1,938

 
$
1,940

 
$
131

 
$
1,746

 
$
1,868

 
$
235


 
At June 30, 2017
 
At December 31, 2016
(Dollars in thousands)
Recorded
Investment
 
Unpaid
Principal
Balance
 
Related
Reserve
 
Recorded
Investment
 
Unpaid
Principal
Balance
 
Related
Reserve
Total impaired loans:
 
 
 
 
 
 
 
 
 
 
 
Commercial, financial and agricultural
$
9,794

 
$
11,113

 
$
10

 
$
11,077

 
$
12,727

 
$
19

Real estate—commercial real estate
20,370

 
21,235

 
59

 
25,066

 
25,939

 
25

Real estate—construction
365

 
365

 

 

 

 

Real estate—residential secured for business purpose
5,196

 
6,215

 
37

 
6,687

 
7,358

 
191

Real estate—residential secured for personal purpose
729

 
790

 
25

 
560

 
594

 

Real estate—home equity secured for personal purpose
238

 
244

 

 
525

 
528

 

Total impaired loans
$
36,692

 
$
39,962

 
$
131

 
$
43,915

 
$
47,146

 
$
235

Schedule of Age Analysis of Past Due Loans and Leases
The following presents, by class of loans and leases, an aging of past due loans and leases, loans and leases which are current and the recorded investment in loans and leases 90 days or more past due which are accruing interest at June 30, 2017 and December 31, 2016:
(Dollars in thousands)
30-59
Days
Past Due
 
60-89
Days
Past Due
 
90 Days
or more
Past Due
 
Total
Past Due
 
Current
 
Acquired Credit Impaired
 
Total Loans
and Leases
Held for
Investment
 
Recorded
Investment 90
Days or more
Past Due and
Accruing
Interest
At June 30, 2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial, financial and agricultural
$
987

 
$
652

 
$
1,741

 
$
3,380

 
$
901,285

 
$
502

 
$
905,167

 
$

Real estate—commercial real estate and construction:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial real estate
2,332

 
557

 
1,956

 
4,845

 
1,493,694

 
5,185

 
1,503,724

 

Construction

 

 
365

 
365

 
170,434

 

 
170,799

 

Real estate—residential and home equity:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential secured for business purpose
1,378

 
245

 
1,635

 
3,258

 
290,262

 
583

 
294,103

 

Residential secured for personal purpose
1,661

 
310

 
285

 
2,256

 
303,910

 
215

 
306,381

 
271

Home equity secured for personal purpose
308

 
100

 
104

 
512

 
171,742

 

 
172,254

 
35

Loans to individuals
215

 
106

 
130

 
451

 
27,137

 

 
27,588

 
130

Lease financings
534

 
277

 
5,797

 
6,608

 
123,546

 

 
130,154

 
136

Total
$
7,415

 
$
2,247

 
$
12,013

 
$
21,675

 
$
3,482,010

 
$
6,485

 
$
3,510,170

 
$
572

At December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial, financial and agricultural
$
1,536

 
$
256

 
$
1,335

 
$
3,127

 
$
819,550

 
$
589

 
$
823,266

 
$

Real estate—commercial real estate and construction:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial real estate
1,482

 
1,560

 
2,591

 
5,633

 
1,363,606

 
5,710

 
1,374,949

 

Construction
202

 

 

 
202

 
174,642

 

 
174,844

 

Real estate—residential and home equity:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential secured for business purpose
1,390

 
428

 
1,539

 
3,357

 
289,927

 
784

 
294,068

 

Residential secured for personal purpose
3,243

 
905

 
879

 
5,027

 
285,512

 
269

 
290,808

 
481

Home equity secured for personal purpose
717

 
142

 
521

 
1,380

 
161,459

 

 
162,839

 
171

Loans to individuals
324

 
95

 
142

 
561

 
29,812

 

 
30,373

 
142

Lease financings
1,731

 
1,418

 
729

 
3,878

 
130,861

 

 
134,739

 
193

Total
$
10,625

 
$
4,804

 
$
7,736

 
$
23,165

 
$
3,255,369

 
$
7,352

 
$
3,285,886

 
$
987

Schedule of Nonperforming Loans and Leases
The following presents, by class of loans and leases, non-performing loans and leases at June 30, 2017 and December 31, 2016:
 
At June 30, 2017
 
At December 31, 2016
(Dollars in thousands)
Nonaccrual
Loans and
Leases*
 
Accruing
Troubled
Debt
Restructured
Loans and
Lease
Modifications
 
Loans and
Leases
90 Days
or more
Past Due
and
Accruing
Interest
 
Total Non-
Performing
Loans and
Leases
 
Nonaccrual
Loans and
Leases*
 
Accruing
Troubled
Debt
Restructured
Loans and
Lease
Modifications
 
Loans and
Leases
90 Days
or more
Past Due
and
Accruing
Interest
 
Total Non-
Performing
Loans and
Leases
Commercial, financial and agricultural
$
5,002

 
$
942

 
$

 
$
5,944

 
$
5,746

 
$
967

 
$

 
$
6,713

Real estate—commercial real estate and construction:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial real estate
4,681

 
10,257

 

 
14,938

 
5,651

 
1,519

 

 
7,170

Construction
365

 

 

 
365

 

 

 

 

Real estate—residential and home equity:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential secured for business purpose
3,540

 
229

 

 
3,769

 
4,898

 
766

 

 
5,664

Residential secured for personal purpose
662

 
42

 
271

 
975

 
560

 

 
481

 
1,041

Home equity secured for personal purpose
263

 

 
35

 
298

 
525

 

 
171

 
696

Loans to individuals

 

 
130

 
130

 

 

 
142

 
142

Lease financings
5,661

 

 
136

 
5,797

 
536

 

 
193

 
729

Total
$
20,174

 
$
11,470

 
$
572

 
$
32,216

 
$
17,916

 
$
3,252

 
$
987

 
$
22,155

 * Includes nonaccrual troubled debt restructured loans and lease modifications of $1.8 million and $1.8 million at June 30, 2017 and December 31, 2016, respectively.

Summary of Credit Quality Indicators
The following table presents classifications for originated loans:
(Dollars in thousands)
Real Estate—
Residential
Secured for
Personal Purpose
 
Real Estate—
Home Equity
Secured for
Personal Purpose
 
Loans to
Individuals
 
Lease
Financing
 
Total
At June 30, 2017
 
 
 
 
 
 
 
 
 
Performing
$
235,330

 
$
159,570

 
$
27,312

 
$
124,357

 
$
546,569

Nonperforming
452

 
298

 
130

 
5,797

 
6,677

Total
$
235,782

 
$
159,868

 
$
27,442

 
$
130,154

 
$
553,246

At December 31, 2016
 
 
 
 
 
 
 
 
 
Performing
$
210,208

 
$
147,286

 
$
29,968

 
$
134,010

 
$
521,472

Nonperforming
169

 
696

 
142

 
729

 
1,736

Total
$
210,377

 
$
147,982

 
$
30,110

 
$
134,739

 
$
523,208


The following table presents classifications for acquired loans:
(Dollars in thousands)
Real Estate—
Residential
Secured for
Personal Purpose
 
Real Estate—
Home Equity
Secured for
Personal Purpose
 
Loans to
Individuals
 
Lease
Financing
 
Total
At June 30, 2017
 
 
 
 
 
 
 
 
 
Performing
$
70,076

 
$
12,386

 
$
146

 
$

 
$
82,608

Nonperforming
523

 

 

 

 
523

Total
$
70,599

 
$
12,386

 
$
146

 
$

 
$
83,131

At December 31, 2016
 
 
 
 
 
 
 
 
 
Performing
$
79,559

 
$
14,857

 
$
263

 
$

 
$
94,679

Nonperforming
872

 

 

 

 
872

Total
$
80,431

 
$
14,857

 
$
263

 
$

 
$
95,551

The following tables present by class, the recorded investment in loans and leases held for investment by credit quality indicator at June 30, 2017 and December 31, 2016.
The Corporation employs a ten (10) grade risk rating system related to the credit quality of commercial loans and residential real estate loans secured for a business purpose of which the first six categories are pass categories (credits not adversely rated). The following is a description of the internal risk ratings and the likelihood of loss related to each risk rating.

1.
Cash Secured—No credit risk
2.
Fully Secured—Negligible credit risk
3.
Strong—Minimal credit risk
4.
Satisfactory—Nominal credit risk
5.
Acceptable—Moderate credit risk
6.
Pre-Watch—Marginal, but stable credit risk
7.
Special Mention—Potential weakness
8.
Substandard—Well-defined weakness
9.
Doubtful—Collection in-full improbable
10.
Loss—Considered uncollectible

Commercial Credit Exposure Credit Risk by Internally Assigned Grades
The following table presents classifications for originated loans:
(Dollars in thousands)
Commercial,
Financial and
Agricultural
 
Real Estate—
Commercial
 
Real Estate—
Construction
 
Real Estate—
Residential Secured
for Business Purpose
 
Total
At June 30, 2017
 
 
 
 
 
 
 
 
 
Grade:
 
 
 
 
 
 
 
 
 
1. Cash secured/ 2. Fully secured
$
1,755

 
$

 
$
18,890

 
$

 
$
20,645

3. Strong
13,329

 
1,976

 

 

 
15,305

4. Satisfactory
26,506

 
38,637

 

 
354

 
65,497

5. Acceptable
586,849

 
862,417

 
89,804

 
169,678

 
1,708,748

6. Pre-watch
160,548

 
180,794

 
52,380

 
16,437

 
410,159

7. Special Mention
3,949

 
11,860

 
884

 
2,205

 
18,898

8. Substandard
26,551

 
32,918

 
365

 
5,695

 
65,529

9. Doubtful

 

 

 

 

10.Loss

 

 

 

 

Total
$
819,487

 
$
1,128,602

 
$
162,323

 
$
194,369

 
$
2,304,781

At December 31, 2016
 
 
 
 
 
 
 
 
 
Grade:
 
 
 
 
 
 
 
 
 
1. Cash secured/ 2. Fully secured
$
272

 
$

 
$
13,714

 
$
162

 
$
14,148

3. Strong
14,980

 
2,045

 

 

 
17,025

4. Satisfactory
35,529

 
38,861

 

 
367

 
74,757

5. Acceptable
465,675

 
676,212

 
110,650

 
133,716

 
1,386,253

6. Pre-watch
113,499

 
128,646

 
18,213

 
12,025

 
272,383

7. Special Mention
8,820

 
22,439

 
314

 
1,199

 
32,772

8. Substandard
24,446

 
41,378

 

 
4,462

 
70,286

9. Doubtful

 

 

 

 

10.Loss

 

 

 

 

Total
$
663,221

 
$
909,581

 
$
142,891

 
$
151,931

 
$
1,867,624

The following table presents classifications for acquired loans:
(Dollars in thousands)
Commercial,
Financial and
Agricultural
 
Real Estate—
Commercial
 
Real Estate—
Construction
 
Real Estate—
Residential Secured
for Business Purpose
 
Total
At June 30, 2017
 
 
 
 
 
 
 
 
 
Grade:
 
 
 
 
 
 
 
 
 
1. Cash secured/ 2. Fully secured
$
1,110

 
$

 
$

 
$

 
$
1,110

3. Strong

 

 

 

 

4. Satisfactory
139

 
676

 

 

 
815

5. Acceptable
71,674

 
226,616

 
689

 
79,192

 
378,171

6. Pre-watch
6,770

 
132,194

 
7,787

 
16,071

 
162,822

7. Special Mention

 
2,153

 

 
1,920

 
4,073

8. Substandard
5,987

 
13,483

 

 
2,551

 
22,021

9. Doubtful

 

 

 

 

10.Loss

 

 

 

 

Total
$
85,680

 
$
375,122

 
$
8,476

 
$
99,734

 
$
569,012

December 31, 2016
 
 
 
 
 
 
 
 
 
Grade:
 
 
 
 
 
 
 
 
 
1. Cash secured/ 2. Fully secured
$
583

 
$

 
$

 
$

 
$
583

3. Strong

 

 

 

 

4. Satisfactory
4,399

 
1,018

 

 

 
5,417

5. Acceptable
113,512

 
282,199

 
20,565

 
117,322

 
533,598

6. Pre-watch
31,697

 
163,623

 
11,388

 
14,405

 
221,113

7. Special Mention
73

 
7,705

 

 
6,245

 
14,023

8. Substandard
9,781

 
10,823

 

 
4,165

 
24,769

9. Doubtful

 

 

 

 

10.Loss

 

 

 

 

Total
$
160,045

 
$
465,368

 
$
31,953

 
$
142,137

 
$
799,503

Summary of Activity in the Reserve for Loan and Lease Losses
eserve for Loan and Lease Losses and Recorded Investment in Loans and Leases
The following presents, by portfolio segment, a summary of the activity in the reserve for loan and lease losses, the balance in the reserve for loan and lease losses disaggregated on the basis of impairment method and the recorded investment in loans and leases disaggregated on the basis of impairment method for the three and six months ended June 30, 2017 and 2016:
(Dollars in thousands)
Commercial,
Financial
and
Agricultural
 
Real Estate—
Commercial
and
Construction
 
Real Estate—
Residential
Secured for
Business
Purpose
 
Real Estate—
Residential
and Home
Equity
Secured for
Personal
Purpose
 
Loans to
Individuals
 
Lease
Financings
 
Unallocated
 
Total
Three Months Ended June 30, 2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Reserve for loan and lease losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
$
7,890

 
$
7,624

 
$
1,345

 
$
1,001

 
$
335

 
$
1,329

 
$
4

 
$
19,528

Charge-offs
(108
)
 
(30
)
 
(1,139
)
 

 
(114
)
 
(327
)
 
N/A

 
(1,718
)
Recoveries
210

 

 
8

 
4

 
46

 
66

 
N/A

 
334

Provision (recovery of provision)
321

 
874

 
915

 
(30
)
 
62

 
592

 
33

 
2,767

Recovery of provision for acquired credit impaired loans

 

 

 
(1
)
 

 

 

 
(1
)
Ending balance
$
8,313

 
$
8,468

 
$
1,129

 
$
974

 
$
329

 
$
1,660

 
$
37

 
$
20,910

Three Months Ended June 30, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Reserve for loan and lease losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
$
5,630

 
$
6,471

 
$
747

 
$
1,312

 
$
356

 
$
922

 
$
1,014

 
$
16,452

Charge-offs
(346
)
 
(179
)
 
(27
)
 
(10
)
 
(108
)
 
(160
)
 
N/A

 
(830
)
Recoveries
515

 
9

 
34

 
34

 
30

 
79

 
N/A

 
701

(Recovery of provision) provision
(11
)
 
1,070

 
(698
)
 
(34
)
 
133

 
280

 
(87
)
 
653

Provision (recovery of provision) for acquired credit impaired loans

 
178

 

 
(1
)
 

 

 

 
177

Ending balance
$
5,788

 
$
7,549

 
$
56

 
$
1,301

 
$
411

 
$
1,121

 
$
927

 
$
17,153

Six Months Ended June 30, 2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Reserve for loan and lease losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
$
7,037

 
$
7,505

 
$
774

 
$
993

 
$
364

 
$
788

 
$
38

 
$
17,499

Charge-offs
(286
)
 
(30
)
 
(1,181
)
 
(94
)
 
(240
)
 
(584
)
 
N/A

 
(2,415
)
Recoveries
397

 
3

 
18

 
21

 
81

 
95

 
N/A

 
615

Provision (recovery of provision)
1,165

 
990

 
1,518

 
52

 
124

 
1,361

 
(1
)
 
5,209

Provision for acquired credit impaired loans

 

 

 
2

 

 

 

 
2

Ending balance
$
8,313

 
$
8,468

 
$
1,129

 
$
974

 
$
329

 
$
1,660

 
$
37

 
$
20,910

Six Months Ended June 30, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Reserve for loan and lease losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
$
6,418

 
$
6,572

 
$
763

 
$
1,575

 
$
346

 
$
1,042

 
$
912

 
$
17,628

Charge-offs
(1,827
)
 
(205
)
 
(265
)
 
(56
)
 
(184
)
 
(365
)
 
N/A

 
(2,902
)
Recoveries
965

 
16

 
53

 
51

 
63

 
123

 
N/A

 
1,271

Provision (recovery of provision)
232

 
988

 
(495
)
 
(267
)
 
186

 
321

 
15

 
980

Provision (recovery of provision) for acquired credit impaired loans

 
178

 

 
(2
)
 

 

 

 
176

Ending balance
$
5,788

 
$
7,549

 
$
56

 
$
1,301

 
$
411

 
$
1,121

 
$
927

 
$
17,153

N/A – Not applicable
(Dollars in thousands)
Commercial,
Financial
and
Agricultural
 
Real Estate—
Commercial
and
Construction
 
Real Estate—
Residential
Secured for
Business
Purpose
 
Real Estate—
Residential
and Home
Equity
Secured for
Personal
Purpose
 
Loans to
Individuals
 
Lease
Financings
 
Unallocated
 
Total
At June 30, 2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Reserve for loan and lease losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance: individually evaluated for impairment
$
10

 
$
59

 
$
37

 
$
25

 
$

 
$
886

 
N/A

 
$
1,017

Ending balance: collectively evaluated for impairment
8,303

 
8,409

 
1,092

 
949

 
329

 
774

 
37

 
19,893

Total ending balance
$
8,313

 
$
8,468

 
$
1,129

 
$
974

 
$
329

 
$
1,660

 
$
37

 
$
20,910

Loans and leases held for investment:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance: individually evaluated for impairment
$
9,794

 
$
20,735

 
$
5,196

 
$
967

 
$

 
$
5,021

 
 
 
$
41,713

Ending balance: collectively evaluated for impairment
809,693

 
1,268,132

 
189,173

 
394,683

 
27,442

 
125,133

 
 
 
2,814,256

Loans measured at fair value

 
2,058

 

 

 

 

 
 
 
2,058

Acquired non-credit impaired loans
85,178

 
378,413

 
99,151

 
82,770

 
146

 

 
 
 
645,658

Acquired credit impaired loans
502

 
5,185

 
583

 
215

 

 

 
 
 
6,485

Total ending balance
$
905,167

 
$
1,674,523

 
$
294,103

 
$
478,635

 
$
27,588

 
$
130,154

 
 
 
$
3,510,170

At June 30, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Reserve for loan and lease losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance: individually evaluated for impairment
$
390

 
$
4

 
$
16

 
$

 
$

 
$

 
N/A

 
$
410

Ending balance: collectively evaluated for impairment
5,398

 
7,545

 
40

 
1,301

 
411

 
1,121

 
927

 
16,743

Total ending balance
$
5,788

 
$
7,549

 
$
56

 
$
1,301

 
$
411

 
$
1,121

 
$
927

 
$
17,153

Loans and leases held for investment:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance: individually evaluated for impairment
$
12,472

 
$
26,761

 
$
3,772

 
$
1,029

 
$

 
$

 
 
 
$
44,034

Ending balance: collectively evaluated for impairment
546,892

 
885,131

 
118,601

 
333,887

 
30,880

 
128,796

 
 
 
2,044,187

Acquired non-credit impaired loans
20,096

 
114,965

 
107,087

 
13,420

 
306

 

 
 
 
255,874

Acquired credit impaired loans

 
180

 
762

 

 

 

 
 
 
942

Total ending balance
$
579,460

 
$
1,027,037

 
$
230,222

 
$
348,336

 
$
31,186

 
$
128,796

 
 
 
$
2,345,037


Summary of Average Recorded Investment in Impaired Loans and Leases and Analysis of Interest on Impaired Loans
The following presents by class of loans, the average recorded investment in impaired loans and an analysis of interest on impaired loans. A loan may remain on accrual status if it is in the process of collection and is either guaranteed or well secured. Therefore, interest income on accruing impaired loans is recognized using the accrual method. 
 
Three Months Ended June 30, 2017
 
Three Months Ended June 30, 2016
(Dollars in thousands)
Average
Recorded
Investment
 
Interest
Income
Recognized*
 
Additional
Interest Income
That Would
Have Been
Recognized
Under Original
Terms
 
Average
Recorded
Investment
 
Interest
Income
Recognized*
 
Additional
Interest Income
That Would
Have Been
Recognized
Under Original
Terms
Commercial, financial and agricultural
$
11,470

 
$
64

 
$
86

 
$
13,387

 
$
74

 
$
78

Real estate—commercial real estate
20,777

 
184

 
81

 
27,691

 
281

 
58

Real estate—construction
274

 

 
10

 

 

 

Real estate—residential secured for business purpose
4,184

 
21

 
61

 
3,740

 
9

 
60

Real estate—residential secured for personal purpose
699

 
1

 
15

 
392

 

 
5

Real estate—home equity secured for personal purpose
354

 

 
5

 
431

 

 
9

Total
$
37,758

 
$
270

 
$
258

 
$
45,641

 
$
364

 
$
210

*
Includes interest income recognized on a cash basis for nonaccrual loans of $3 thousand and $0 thousand for the three months ended June 30, 2017 and 2016, respectively and interest income recognized on the accrual method for accruing impaired loans of $268 thousand and $364 thousand for the three months ended June 30, 2017 and 2016, respectively.
 
Six Months Ended June 30, 2017
 
Six Months Ended June 30, 2016
(Dollars in thousands)
Average
Recorded
Investment
 
Interest
Income
Recognized*
 
Additional
Interest Income
That Would
Have Been
Recognized
Under Original
Terms
 
Average
Recorded
Investment
 
Interest
Income
Recognized*
 
Additional
Interest Income
That Would
Have Been
Recognized
Under Original
Terms
Commercial, financial and agricultural
$
11,506

 
$
110

 
$
171

 
$
13,421

 
$
142

 
$
173

Real estate—commercial real estate
22,464

 
417

 
154

 
28,389

 
586

 
128

Real estate—construction
156

 

 
10

 

 

 

Real estate—residential secured for business purpose
4,302

 
37

 
105

 
4,120

 
36

 
107

Real estate—residential secured for personal purpose
636

 
1

 
23

 
496

 
2

 
9

Real estate—home equity secured for personal purpose
431

 

 
10

 
329

 

 
11

Total
$
39,495

 
$
565

 
$
473

 
$
46,755

 
$
766

 
$
428

Schedule of Troubled Debt Restructured Loans
The Corporation held no foreclosed consumer residential real estate property at June 30, 2017 and December 31, 2016.
 
 
 
 
The following presents, by class of loans, information regarding consumer mortgages collateralized by residential real estate property that are in the process of foreclosure at June 30, 2017 and December 31, 2016:
(Dollars in thousands)
At June 30, 2017
 
At December 31, 2016
Real estate-home equity secured for personal purpose
$

 
$
180

Total
$

 
$
180

The following presents, by class of loans, information regarding accruing and nonaccrual loans that were restructured:
 
Three Months Ended June 30, 2017
 
Three Months Ended June 30, 2016
(Dollars in thousands)
Number
of
Loans
 
Pre-
Restructuring
Outstanding
Recorded
Investment
 
Post-
Restructuring
Outstanding
Recorded
Investment
 
Related
Reserve
 
Number
of
Loans
 
Pre-
Restructuring
Outstanding
Recorded
Investment
 
Post-
Restructuring
Outstanding
Recorded
Investment
 
Related
Reserve
Accruing Troubled Debt Restructured Loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Real estate—commercial real estate
3

 
$
9,206

 
$
9,206

 
$

 

 
$

 
$

 
$

Real estate—residential secured for business purpose

 

 

 

 
1

 
415

 
415

 

Total
3

 
$
9,206

 
$
9,206

 
$

 
1

 
$
415

 
$
415

 
$

Nonaccrual Troubled Debt Restructured Loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Real estate—commercial real estate
1

 
$
328

 
$
328

 
$

 

 
$

 
$

 
$

Total
1

 
$
328

 
$
328

 
$

 

 
$

 
$

 
$

 
Six Months Ended June 30, 2017
 
Six Months Ended June 30, 2016
(Dollars in thousands)
Number
of
Loans
 
Pre-
Restructuring
Outstanding
Recorded
Investment
 
Post-
Restructuring
Outstanding
Recorded
Investment
 
Related
Allowance
 
Number
of
Loans
 
Pre-
Restructuring
Outstanding
Recorded
Investment
 
Post-
Restructuring
Outstanding
Recorded
Investment
 
Related
Allowance
Accruing Troubled Debt Restructured Loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial, financial and agricultural

 
$

 
$

 
$

 
1

 
$
1,545

 
$
1,545

 
$

Real estate—commercial real estate
3

 
9,206

 
9,206

 

 

 

 

 

Real estate—residential secured for business purpose

 

 

 

 
1

 
415

 
415

 

Total
3

 
$
9,206

 
$
9,206

 
$

 
2

 
$
1,960

 
$
1,960

 
$

Nonaccrual Troubled Debt Restructured Loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Real estate—commercial real estate
1

 
$
328

 
$
328

 
$

 

 
$

 
$

 
$

Total
1

 
$
328

 
$
328

 
$

 

 
$

 
$

 
$

Summary of Concessions Granted on Restructured Loans
The following presents, by class of loans, information regarding the types of concessions granted on accruing and nonaccrual loans that were restructured during the three and six months ended June 30, 2017 and 2016.
 
Interest Only Term
Extension
 
Maturity Date
Extension
 
Amortization Period Extension
 
Total Concessions
Granted
(Dollars in thousands)
No. of
Loans
 
Amount
 
No. of
Loans
 
Amount
 
No. of
Loans
 
Amount
 
No. of
Loans
 
Amount
Three Months Ended June 30, 2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Accruing Troubled Debt Restructured Loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Real estate—commercial real estate

 
$

 

 
$

 
3

 
$
9,206

 
3

 
$
9,206

Total

 
$

 

 
$

 
3

 
$
9,206

 
3

 
$
9,206

Nonaccrual Troubled Debt Restructured Loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Real estate—commercial real estate

 
$

 
1

 
$
328

 

 
$

 
1

 
$
328

Real estate—residential secured for personal purpose

 

 

 

 

 

 

 

Total

 
$

 
1

 
$
328

 

 
$

 
1

 
$
328

Three Months Ended June 30, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Accruing Troubled Debt Restructured Loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Real estate—residential secured for business purpose
1

 
$
415

 

 
$

 

 
$

 
1

 
$
415

Total
1

 
$
415

 

 
$

 

 
$

 
1

 
$
415

Nonaccrual Troubled Debt Restructured Loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total

 
$

 

 
$

 

 
$

 

 
$

Six Months Ended June 30, 2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Accruing Troubled Debt Restructured Loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Real estate—commercial real estate

 
$

 

 
$

 
3

 
$
9,206

 
3

 
$
9,206

Total

 
$

 

 
$

 
3

 
$
9,206

 
3

 
$
9,206

Nonaccrual Troubled Debt Restructured Loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Real estate—commercial real estate

 
$

 
1

 
$
328

 

 
$

 
1

 
$
328

Total

 
$

 
1

 
$
328

 

 
$

 
1

 
$
328

Six Months Ended June 30, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Accruing Troubled Debt Restructured Loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial, financial and agricultural

 
$

 

 
$

 
1

 
$
1,545

 
1

 
$
1,545

Real estate—residential secured for business purpose
1

 
415

 

 

 

 

 
1

 
415

Total
1

 
$
415

 

 
$

 
1

 
$
1,545

 
2

 
$
1,960

Nonaccrual Troubled Debt Restructured Loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total

 
$

 

 
$

 

 
$

 

 
$

Schedule of Accruing and Nonaccruing Troubled Debt Restructured Loans
The following presents, by class of loans, information regarding accruing and nonaccrual troubled debt restructured loans, for which there were payment defaults within twelve months of the restructuring date:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2017
 
2016
 
2017
 
2016
(Dollars in thousands)
Number
of Loans
 
Recorded
Investment
 
Number
of Loans
 
Recorded
Investment
 
Number
of Loans
 
Recorded
Investment
 
Number
of Loans
 
Recorded
Investment
Accruing Troubled Debt Restructured Loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total

 
$

 

 
$

 

 
$

 

 
$

Nonaccrual Troubled Debt Restructured Loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial, financial and agricultural

 
$

 

 
$

 

 
$

 
1

 
$
50

Total

 
$

 

 
$

 

 
$

 
1

 
$
50