Loans and Leases (Tables)

9 Months Ended

Sep. 30, 2012

Loans and Leases [Abstract]

Summary of Major Loan and Lease Categories

(Dollars in thousands)	At September 30, 2012			At December 31, 2011
Commercial, financial and agricultural	$	476,125		$	477,662
Real estate-commercial		515,743			514,953
Real estate-construction		95,245			90,397
Real estate-residential secured for business purpose		32,820			32,481
Real estate-residential secured for personal purpose		148,053			132,245
Real estate-home equity secured for personal purpose		82,337			80,478
Loans to individuals		42,626			44,965
Lease financings		76,562			73,225
Total loans and leases held for investment, net of deferred income	$	1,469,511		$	1,446,406
Unearned lease income, included in the above table	$	(11,040	)	$	(9,965	)
Net deferred costs, included in the above table	$	1,057		$	876
Overdraft deposits included in the above table	$	122		$	123

Age Analysis of Past Due Loans and Leases

(Dollars in thousands)	30-59 Days Past Due*		60-89 Days Past Due*		Greater Than 90 Days Past Due*		Total Past Due*		Current*		Total Loans and Leases Held for Investment		Recorded Investment Greater than 90 Days Past Due and Accruing Interest*
At September 30, 2012
Commercial, financial and agricultural	$	392	$	342	$	321	$	1,055	$	470,838	$	476,125	$	321
Real estate—commercial real estate and construction:
Commercial real estate		507		—		—		507		495,330		515,743		—
Construction		—		—		—		—		79,175		95,245		—
Real estate—residential and home equity:
Residential secured for business purpose		192		—		—		192		32,453		32,820		—
Residential secured for personal purpose		—		205		—		205		147,525		148,053		—
Home equity secured for personal purpose		224		80		58		362		81,975		82,337		58
Loans to individuals		252		250		289		791		41,787		42,626		289
Lease financings		813		843		22		1,678		74,329		76,562		22
Total	$	2,380	$	1,720	$	690	$	4,790	$	1,423,412	$	1,469,511	$	690

* Excludes impaired loans and leases.

(Dollars in thousands)	30-59 Days Past Due*		60-89 Days Past Due*		Greater Than 90 Days Past Due*		Total Past Due*		Current*		Total Loans and Leases Held for Investment		Recorded Investment Greater than 90 Days Past Due and Accruing Interest*
At December 31, 2011
Commercial, financial and agricultural	$	3,741	$	33	$	—	$	3,774	$	469,197	$	477,662	$	—
Real estate—commercial real estate and construction:
Commercial real estate		2,212		723		—		2,935		491,498		514,953		—
Construction		—		—		—		—		74,656		90,397		—
Real estate—residential and home equity:
Residential secured for business purpose		340		—		—		340		32,026		32,481		—
Residential secured for personal purpose		1,783		—		—		1,783		130,405		132,245		—
Home equity secured for personal purpose		298		68		117		483		79,968		80,478		117
Loans to individuals		386		236		204		826		44,089		44,965		204
Lease financings		1,203		544		44		1,791		70,535		73,225		44
Total	$	9,963	$	1,604	$	365	$	11,932	$	1,392,374	$	1,446,406	$	365

* Excludes impaired loans and leases.

Nonaccrual and Troubled Debt Restructured Loans and Lease Modifications

	At September 30, 2012						At December 31, 2011
(Dollars in thousands)	Nonaccrual Loans and Leases*		Accruing Troubled Debt Restructured Loans and Lease Modifications		Total Impaired Loans and Leases		Nonaccrual Loans and Leases*		Accruing Troubled Debt Restructured Loans and Lease Modifications		Total Impaired Loans and Leases
Loans held for sale**	$	2,599	$	—	$	2,599	$	—	$	—	$	—
Loans and leases held for investment:
Commercial, financial and agricultural		3,966		266		4,232		4,614		77		4,691
Real estate—commercial real estate and construction:
Commercial real estate		9,318		10,588		19,906		18,085		2,435		20,520
Construction		13,614		2,456		16,070		14,479		1,262		15,741
Real estate—residential and home equity:
Residential secured for business purpose		175		—		175		107		8		115
Residential secured for personal purpose		323		—		323		57		—		57
Home equity secured for personal purpose		—		—		—		27		—		27
Loans to individuals		—		48		48		—		50		50
Lease financings		530		25		555		838		61		899
Total	$	30,525	$	13,383	$	43,908	$	38,207	$	3,893	$	42,100

* Includes non-accrual troubled debt restructured loans and lease modifications of $228 thousand and $8.6 million at September 30, 2012 and December 31, 2011, respectively.

** Includes commercial, financial and agricultural loans of $447 thousand and commercial real estate loans of $2.2 million at September 30, 2012.

Credit Quality Indicators

	Commercial, Financial and Agricultural				Real Estate—Commercial				Real Estate—Construction				Real Estate—Residential Secured for Business Purpose
(Dollars in thousands)	At September  30, 2012		At December 31, 2011		At September  30, 2012		At December 31, 2011		At September  30, 2012		At December 31, 2011		At September  30, 2012		At December 31, 2011
Grade:
1. Cash secured/ 2. Fully secured	$	2,125	$	2,426	$	—	$	—	$	—	$	—	$	—	$	—
3. Strong		4,387		4,441		9,347		9,365		485		1,124		—		—
4. Satisfactory		41,583		32,730		22,595		28,517		3,121		89		342		1,309
5. Acceptable		272,942		289,835		285,506		296,499		31,994		35,207		19,411		18,990
6. Pre-watch		92,646		79,402		126,515		100,581		42,429		33,993		10,146		8,853
7. Special Mention		33,580		26,162		28,161		29,055		477		1,715		288		663
8. Substandard		27,289		40,634		42,626		49,943		16,739		18,269		2,633		2,666
9. Doubtful		1,573		2,032		993		993		—		—		—		—
10. Loss		—		—		—		—		—		—		—		—
Total	$	476,125	$	477,662	$	515,743	$	514,953	$	95,245	$	90,397	$	32,820	$	32,481

	Real Estate—Residential Secured for Personal Purpose				Real Estate—Home Equity Secured for Personal Purpose				Loans to individuals				Lease Financing
(Dollars in thousands)	At September  30, 2012		At December 31, 2011		At September  30, 2012		At December 31, 2011		At September  30, 2012		At December 31, 2011		At September  30, 2012		At December 31, 2011
Performing	$	147,730	$	132,188	$	82,279	$	80,334	$	42,289	$	44,711	$	75,985	$	72,282
Nonperforming		323		57		58		144		337		254		577		943
Total	$	148,053	$	132,245	$	82,337	$	80,478	$	42,626	$	44,965	$	76,562	$	73,225

Reserve for Loan and Lease Losses and Recorded Investment in Loans and Leases

(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
For the Three Months Ended September 30, 2012
Reserve for loan and lease losses:
Beginning balance	$	12,021		$	12,316		$	834		$	884		$	719		$	1,161		$	2,567		$	30,502
Charge-offs*		(4,143	)		(1,318	)		—			—			(168	)		(203	)		N/A			(5,832	)
Recoveries		33			4			4			—			43			132			N/A			216
Provision (recovery of provision)		3,344			(763	)		(154	)		62			12			94			(385	)		2,210
Ending balance	$	11,255		$	10,239		$	684		$	946		$	606		$	1,184		$	2,182		$	27,096
For the Three Months Ended September 30, 2011
Reserve for loan and lease losses:
Beginning balance	$	10,877		$	16,092		$	1,019		$	696		$	695		$	1,912		$	1,310		$	32,601
Charge-offs		(160	)		(4,661	)		(120	)		—			(209	)		(310	)		N/A			(5,460	)
Recoveries		28			35			4			4			65			76			N/A			212
Provision (recovery of provision)		(1,021	)		4,259			(47	)		(4	)		79			(66	)		449			3,649
Ending balance	$	9,724		$	15,725		$	856		$	696		$	630		$	1,612		$	1,759		$	31,002

(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
For the Nine Months Ended September 30, 2012
Reserve for loan and lease losses:
Beginning balance	$	11,262		$	13,317		$	823		$	735		$	730		$	1,344		$	1,659	$	29,870
Charge-offs*		(7,308	)		(2,993	)		—			(2	)		(408	)		(849	)		N/A		(11,560	)
Recoveries		448			144			59			3			100			379			N/A		1,133
Provision (recovery of provision)		6,853			(229	)		(198	)		210			184			310			523		7,653
Ending balance	$	11,255		$	10,239		$	684		$	946		$	606		$	1,184		$	2,182	$	27,096
For the Nine Months Ended September 30, 2011
Reserve for loan and lease losses:
Beginning balance	$	9,630		$	15,288		$	1,333		$	544		$	734		$	1,950		$	1,419	$	30,898
Charge-offs		(2,934	)		(9,724	)		(314	)		(38	)		(806	)		(1,169	)		N/A		(14,985	)
Recoveries		209			115			10			7			143			266			N/A		750
Provision (recovery of provision)		2,819			10,046			(173	)		183			559			565			340		14,339
Ending balance	$	9,724		$	15,725		$	856		$	696		$	630		$	1,612		$	1,759	$	31,002

* Includes charge-offs of $1.3 million on commercial real estate loans which were subsequently transferred to loans held for sale at September 2012.

(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 September 30, 2012
Reserve for loan and lease losses:
Ending balance: individually evaluated for impairment	$	428	$	262	$	—	$	—	$	—	$	—	$	N/A	$	690
Ending balance: collectively evaluated for impairment		10,827		9,977		684		946		606		1,184		2,182		26,406
Total ending balance	$	11,255	$	10,239	$	684	$	946	$	606	$	1,184	$	2,182	$	27,096
Loans and leases held for investment:
Ending balance: individually evaluated for impairment	$	4,232	$	35,976	$	175	$	323	$	48	$	—			$	40,754
Ending balance: collectively evaluated for impairment		471,893		575,012		32,645		230,067		42,578		76,562				1,428,757
Total ending balance	$	476,125	$	610,988	$	32,820	$	230,390	$	42,626	$	76,562			$	1,469,511

(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 September 30, 2011
Reserve for loan and lease losses:
Ending balance: individually evaluated for impairment	$	374	$	1,784	$	—	$	—	$	—	$	—	$	N/A	$	2,158
Ending balance: collectively evaluated for impairment		9,350		13,941		856		696		630		1,612		1,759		28,844
Total ending balance	$	9,724	$	15,725	$	856	$	696	$	630	$	1,612	$	1,759	$	31,002
Loans and leases held for investment:
Ending balance: individually evaluated for impairment	$	5,861	$	34,886	$	215	$	250	$	50	$	—			$	41,262
Ending balance: collectively evaluated for impairment		461,389		567,209		32,442		218,329		42,240		83,402				1,405,011
Total ending balance	$	467,250	$	602,095	$	32,657	$	218,579	$	42,290	$	83,402			$	1,446,273

Impaired Loans

	At September 30, 2012						At December 31, 2011
(Dollars in thousands)	Recorded Investment		Unpaid Principal Balance		Related Allowance		Recorded Investment		Unpaid Principal Balance		Related Allowance
Impaired loans with no related allowance recorded:
Loans held for sale	$	2,599	$	6,621			$	—	$	—
Loans held for investment:
Commercial, financial and agricultural		3,262		7,815				3,384		4,422
Real estate—commercial real estate		17,767		23,476				19,453		27,146
Real estate—construction		16,070		18,044				15,741		17,268
Real estate—residential secured for business purpose		175		186				115		631
Real estate—residential secured for personal purpose		323		323				57		57
Real estate—home equity secured for personal purpose		—		—				27		27
Loans to individuals		48		57				50		58
Total impaired loans with no related allowance recorded:	$	40,244	$	56,522			$	38,827	$	49,609
Impaired loans with an allowance recorded:
Commercial, financial and agricultural	$	970	$	1,347	$	428	$	1,307	$	1,700	$	510
Real estate—commercial real estate		2,139		2,331		262		1,067		1,067		743
Total impaired loan with an allowance recorded	$	3,109	$	3,678	$	690	$	2,374	$	2,767	$	1,253

	At September 30, 2012						At December 31, 2011
(Dollars in thousands)	Recorded Investment		Unpaid Principal Balance		Related Allowance		Recorded Investment		Unpaid Principal Balance		Related Allowance
Total impaired loans:
Loans held for sale	$	2,599	$	6,621	$	—	$	—	$	—	$	—
Loans held for investment:
Commercial, financial and agricultural		4,232		9,162		428		4,691		6,122		510
Real estate—commercial real estate		19,906		25,807		262		20,520		28,213		743
Real estate—construction		16,070		18,044		—		15,741		17,268		—
Real estate—residential secured for business purpose		175		186		—		115		631		—
Real estate—residential secured for personal purpose		323		323		—		57		57		—
Real estate—home equity secured for personal purpose		—		—		—		27		27		—
Loans to individuals		48		57		—		50		58		—
Total impaired loans:	$	43,353	$	60,200	$	690	$	41,201	$	52,376	$	1,253

	Three Months Ended September 30, 2012						Three Months Ended September 30, 2011
(Dollars in thousands)	Average Recorded Investment		Interest Income Recognized*		Interest Income That Would Have Been Recognized Under Original Terms		Average Recorded Investment		Interest Income Recognized*		Interest Income That Would Have Been Recognized Under Original Terms
Loans held for sale	$	650	$	—	$	—	$	—	$	—	$	—
Loans held for investment:
Commercial, financial and agricultural		5,474		23		71		5,924		—		77
Real estate—commercial real estate		20,525		69		257		21,497		39		463
Real estate—construction		16,324		33		190		17,746		20		223
Real estate—residential secured for business purpose		176		—		2		247		2		4
Real estate—residential secured for personal purpose		320		—		5		219		—		3
Real estate—home equity secured for personal purpose		—		—		—		31		—		—
Loans to individuals		48		1		—		51		1		—
Total	$	43,517	$	126	$	525	$	45,715	$	62	$	770

* Includes interest income recognized on accruing troubled debt restructured loans of $126 thousand and $60 thousand for the three months ended September 30, 2012 and 2011, respectively.

	Nine Months Ended September 30, 2012						Nine Months Ended September 30, 2011
(Dollars in thousands)	Average Recorded Investment		Interest Income Recognized*		Interest Income That Would Have Been Recognized Under Original Terms		Average Recorded Investment		Interest Income Recognized*		Interest Income That Would Have Been Recognized Under Original Terms
Loans held for sale	$	260	$	—	$	—	$	—	$	—	$	—
Loans held for investment:
Commercial, financial and agricultural		5,542		56		223		6,498		14		270
Real estate—commercial real estate		20,417		156		783		18,535		91		1,024
Real estate—construction		16,238		85		575		17,104		48		681
Real estate—residential secured for business purpose		150		—		5		343		5		13
Real estate—residential secured for personal purpose		188		—		9		590		19		23
Real estate—home equity secured for personal purpose		3		—		—		18		—		—
Loans to individuals		49		4		—		59		4		1
Total	$	42,847	$	301	$	1,595	$	43,147	$	181	$	2,012

* Includes interest income recognized on accruing troubled debt restructured loans of $293 thousand and $139 thousand for the nine months ended September 30, 2012 and 2011, respectively.

Troubled Debt Restructured Loans

	Three Months Ended September 30, 2012								Three Months Ended September 30, 2011
(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		2	$	1,731	$	1,731	$	—		—	$	—	$	—	$	—
Real estate—commercial real estate		1		1,621		1,621		—		—		—		—		—
Total		3	$	3,352	$	3,352	$	—		—	$	—	$	—	$	—
Nonaccrual Troubled Debt Restructured Loans
Real estate—commercial real estate		—	$	—	$	—	$	—		1	$	6,667	$	6,667	$	—
Total		—	$	—	$	—	$	—		1	$	6,667	$	6,667	$	—
	Nine Months Ended September 30, 2012								Nine Months Ended September 30, 2011
(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		10	$	3,404	$	3,404	$	—		—	$	—	$	—	$	—
Real estate—commercial real estate		5		2,630		2,630		—		5		2,438		2,435		—
Real estate—construction		2		1,330		1,330		—		5		2,182		2,182		—
Real estate—residential secured for business purpose		—		—		—		—		1		98		98		—
Real estate—residential secured for personal purpose		—		—		—		—		1		156		156		—
Real estate—home equity secured for personal purpose		—		—		—		—		1		31		31		—
Total		17	$	7,364	$	7,364	$	—		13	$	4,905	$	4,902	$	—
Nonaccrual Troubled Debt Restructured Loans
Commercial, financial and agricultural		2	$	448	$	448	$	—		—	$	—	$	—	$	—
Real estate—commercial real estate		1		124		124		—		2		9,432		9,432		—
Total		3	$	572	$	572	$	—		2	$	9,432	$	9,432	$	—

Accruing and nonaccrual troubled debt restructured loans with payment default

	Three Months Ended September 30, 2012				Three Months Ended September 30, 2011
(Dollars in thousands)	Number of Loans		Recorded Investment		Number of Loans		Recorded Investment
Accruing Troubled Debt Restructured Loans:
Real estate—residential secured for personal purpose		—	$	—		1	$	158
Real estate—home equity secured for personal purpose		—		—		1		31
Total		—	$	—		2	$	189
Nonaccrual Troubled Debt Restructured Loans:
Real estate—commercial real estate		—	$	—		1	$	2,761
Total		—	$	—		1	$	2,761
	Nine Months Ended September 30, 2012				Nine Months Ended September 30, 2011
(Dollars in thousands)	Number of Loans		Recorded Investment		Number of Loans		Recorded Investment
Accruing Troubled Debt Restructured Loans:
Real estate—residential secured for personal purpose		—	$	—		1	$	158
Real estate—home equity secured for personal purpose		—		—		1		31
Total		—	$	—		2	$	189
Nonaccrual Troubled Debt Restructured Loans:
Real estate—commercial real estate		—	$	—		1	$	2,761
Total		—	$	—		1	$	2,761