Loans and Leases (Tables)

3 Months Ended

Mar. 31, 2013

Loans and Leases [Abstract]

Summary of Major Loan and Lease Categories

(Dollars in thousands)	At March 31, 2013			At December 31, 2012
Commercial, financial and agricultural	$	468,437		$	468,421
Real estate—commercial		551,761			530,122
Real estate—construction		79,285			91,250
Real estate—residential secured for business purpose		31,755			35,179
Real estate—residential secured for personal purpose		143,487			146,526
Real estate—home equity secured for personal purpose		83,399			82,727
Loans to individuals		41,781			43,780
Lease financings		87,470			83,857
Total loans and leases held for investment, net of deferred income	$	1,487,375		$	1,481,862
Unearned lease income, included in the above table	$	(12,816	)	$	(12,355	)
Net deferred costs (fees), included in the above table	$	1,648		$	1,432
Overdraft deposits included in the above table	$	135		$	128

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 March 31, 2013
Commercial, financial and agricultural	$	2,587	$	22	$	49	$	2,658	$	463,482	$	468,437	$	49
Real estate—commercial real estate and construction:
Commercial real estate		2,475		230		—		2,705		526,611		551,761		—
Construction		—		—		—		—		63,521		79,285		—
Real estate—residential and home equity:
Residential secured for business purpose		1,970		—		—		1,970		29,614		31,755		—
Residential secured for personal purpose		1,783		70		—		1,853		140,830		143,487		—
Home equity secured for personal purpose		395		64		—		459		82,917		83,399		—
Loans to individuals		366		177		223		766		40,974		41,781		223
Lease financings		998		489		94		1,581		85,510		87,470		94
Total	$	10,574	$	1,052	$	366	$	11,992	$	1,433,459	$	1,487,375	$	366

* 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, 2012
Commercial, financial and agricultural	$	416	$	95	$	—	$	511	$	464,588	$	468,421	$	—
Real estate—commercial real estate and construction:
Commercial real estate		1,173		—		—		1,173		504,086		530,122		—
Construction		306		—		—		306		74,959		91,250		—
Real estate—residential and home equity:
Residential secured for business purpose		1,663		—		—		1,663		33,344		35,179		—
Residential secured for personal purpose		1,617		152		—		1,769		143,953		146,526		—
Home equity secured for personal purpose		276		64		54		394		82,333		82,727		54
Loans to individuals		551		115		347		1,013		42,729		43,780		347
Lease financings		1,001		273		40		1,314		82,138		83,857		40
Total	$	7,003	$	699	$	441	$	8,143	$	1,428,130	$	1,481,862	$	441

* Excludes impaired loans and leases.

Nonaccrual and accruing troubled debt restructured loans and lease modifications

	At March 31, 2013						At December 31, 2012
(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*
Commercial, financial and agricultural	$	1,837	$	460	$	2,297	$	2,842	$	480	$	3,322
Real estate—commercial real estate and construction:
Commercial real estate		12,146		10,299		22,445		14,340		10,523		24,863
Construction		13,538		2,226		15,764		13,588		2,397		15,985
Real estate—residential and home equity:
Residential secured for business purpose		171		—		171		172		—		172
Residential secured for personal purpose		804		—		804		804		—		804
Home equity secured for personal purpose		23		—		23		—		—		—
Loans to individuals		2		39		41		—		38		38
Lease financings		366		13		379		386		19		405
Total	$	28,887	$	13,037	$	41,924	$	32,132	$	13,457	$	45,589

* Includes non-accrual troubled debt restructured loans and lease modifications of $572 thousand and $579 thousand at March 31, 2013 and December 31, 2012, respectively.

Credit quality indicators

	Commercial, Financial and Agricultural				Real Estate—Commercial				Real Estate—Construction				Real Estate—Residential Secured for Business Purpose
(Dollars in thousands)	At March 31, 2013		At December 31, 2012		At March 31, 2013		At December 31, 2012		At March 31, 2013		At December 31, 2012		At March 31, 2013		At December 31, 2012
Grade:
1. Cash secured/
2. Fully secured	$	2,525	$	2,263	$	—	$	—	$	—	$	—	$	—	$	—
3. Strong		7,209		5,227		9,480		9,591		6,285		3,907		—		—
4. Satisfactory		35,666		40,747		23,842		25,837		1,801		1,783		119		335
5. Acceptable		265,423		260,042		303,329		321,194		21,400		26,331		21,447		22,764
6. Pre-watch		104,615		106,436		154,423		110,476		33,017		42,190		6,486		8,458
7. Special Mention		33,447		31,825		17,993		16,187		805		548		1,084		288
8. Substandard		19,552		21,881		42,694		45,844		15,977		16,491		2,619		3,334
9. Doubtful		—		—		—		993		—		—		—		—
10. Loss		—		—		—		—		—		—		—		—
Total	$	468,437	$	468,421	$	551,761	$	530,122	$	79,285	$	91,250	$	31,755	$	35,179

	Real Estate—Residential Secured for Personal Purpose				Real Estate—Home Equity Secured for Personal Purpose				Loans to individuals				Lease Financing
(Dollars in thousands)	At March 31, 2013		At December 31, 2012		At March 31, 2013		At December 31, 2012		At March 31, 2013		At December 31, 2012		At March 31, 2013		At December 31, 2012
Performing	$	142,683	$	145,722	$	83,376	$	82,673	$	41,517	$	43,395	$	86,997	$	83,412
Nonperforming		804		804		23		54		264		385		473		445
Total	$	143,487	$	146,526	$	83,399	$	82,727	$	41,781	$	43,780	$	87,470	$	83,857

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
Three Months Ended March 31, 2013
Reserve for loan and lease losses:
Beginning balance	$	11,594		$	7,507		$	639		$	980		$	679		$	1,326		$	2,021		$	24,746
Charge-offs		(1,071	)		(382	)		(50	)		(4	)		(180	)		(159	)		N/A			(1,846	)
Recoveries		48			6			8			2			34			150			N/A			248
Provision (recovery of provision)		1,312			892			(18	)		(186	)		95			41			(62	)		2,074
Ending balance	$	11,883		$	8,023		$	579		$	792		$	628		$	1,358		$	1,959		$	25,222
Three Months Ended March 31, 2012
Reserve for loan and lease losses:
Beginning balance	$	11,262		$	13,317		$	823		$	735		$	730		$	1,344		$	1,659		$	29,870
Charge-offs		(1,707	)		(1,542	)		—			—			(121	)		(336	)		N/A			(3,706	)
Recoveries		53			96			52			2			31			99			N/A			333
Provision (recovery of provision)		2,093			1,481			73			(5	)		64			53			341			4,100
Ending balance	$	11,701		$	13,352		$	948		$	732		$	704		$	1,160		$	2,000		$	30,597

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 March 31, 2013
Reserve for loan and lease losses:
Ending balance: individually evaluated for impairment	$	252	$	—	$	—	$	—	$	—	$	—	$	N/A	$	252
Ending balance: collectively evaluated for impairment		11,631		8,023		579		792		628		1,358		1,959		24,970
Total ending balance	$	11,883	$	8,023	$	579	$	792	$	628	$	1,358	$	1,959	$	25,222
Loans and leases held for investment:
Ending balance: individually evaluated for impairment	$	2,297	$	38,209	$	171	$	827	$	41	$	—			$	41,545
Ending balance: collectively evaluated for impairment		466,140		592,837		31,584		226,059		41,740		87,470				1,445,830
Total ending balance	$	468,437	$	631,046	$	31,755	$	226,886	$	41,781	$	87,470			$	1,487,375

(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 March 31, 2012
Reserve for loan and lease losses:
Ending balance: individually evaluated for impairment	$	860	$	52	$	—	$	—	$	—	$	—	$	N/A	$	912
Ending balance: collectively evaluated for impairment		10,841		13,300		948		732		704		1,160		2,000		29,685
Total ending balance	$	11,701	$	13,352	$	948	$	732	$	704	$	1,160	$	2,000	$	30,597
Loans and leases held for investment:
Ending balance: individually evaluated for impairment	$	6,224	$	36,391	$	106	$	57	$	50	$	—			$	42,828
Ending balance: collectively evaluated for impairment		493,312		561,975		32,371		212,646		44,292		72,406				1,417,002
Total ending balance	$	499,536	$	598,366	$	32,477	$	212,703	$	44,342	$	72,406			$	1,459,830

N/A – Not applicable

Impaired Loans

	At March 31, 2013						At December 31, 2012
(Dollars in thousands)	Recorded Investment		Unpaid Principal Balance		Related Allowance		Recorded Investment		Unpaid Principal Balance		Related Allowance
Impaired loans with no related allowance recorded:
Commercial, financial and agricultural	$	1,637	$	3,222			$	2,646	$	4,504
Real estate—commercial real estate		22,445		28,217				24,863		30,991
Real estate—construction		15,764		17,785				15,985		17,959
Real estate—residential secured for business purpose		171		182				172		184
Real estate—residential secured for personal purpose		804		804				804		804
Real estate—home equity secured for personal purpose		23		23				—		—
Loans to individuals		41		57				38		55
Total impaired loans with no related allowance recorded	$	40,885	$	50,290			$	44,508	$	54,497
Impaired loans with an allowance recorded:
Commercial, financial and agricultural	$	660	$	713	$	252	$	676	$	717	$	208
Total impaired loans with an allowance recorded	$	660	$	713	$	252	$	676	$	717	$	208
Total impaired loans:
Commercial, financial and agricultural	$	2,297	$	3,935	$	252	$	3,322	$	5,221	$	208
Real estate—commercial real estate		22,445		28,217		—		24,863		30,991		—
Real estate—construction		15,764		17,785		—		15,985		17,959		—
Real estate—residential secured for business purpose		171		182		—		172		184		—
Real estate—residential secured for personal purpose		804		804		—		804		804		—
Real estate—home equity secured for personal purpose		23		23		—		—		—		—
Loans to individuals		41		57		—		38		55		—
Total impaired loans	$	41,545	$	51,003	$	252	$	45,184	$	55,214	$	208

Average recorded investment in impaired loans and leases and an analysis of interest on impaired loans

	Three Months Ended March 31, 2013						Three Months Ended March 31, 2012
(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
Commercial, financial and agricultural	$	2,884	$	8	$	39	$	5,337	$	2	$	92
Real estate—commercial real estate		23,958		155		225		20,814		43		269
Real estate—construction		15,844		28		184		15,956		17		195
Real estate—residential secured for business purpose		184		—		3		110		—		1
Real estate—residential secured for personal purpose		803		—		12		57		—		1
Real estate—home equity secured for personal purpose		6		—		—		7		—		—
Loans to individuals		46		1		—		50		1		—
Total	$	43,725	$	192	$	463	$	42,331	$	63	$	558

* Includes interest income recognized on accruing troubled debt restructured loans of $186 thousand and $58 thousand for the three months ended March 31, 2013 and 2012, respectively.

Troubled debt restructured loans

	Three Months Ended March 31, 2013								Three Months Ended March 31 , 2012
(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		—	$	—	$	—	$	—		7	$	1,537	$	1,537	$	—
Real estate—commercial real estate		—		—		—		—		3		834		834		—
Real estate—construction		—		—		—		—		2		1,330		1,330		—
Total		—	$	—	$	—	$	—		12	$	3,701	$	3,701	$	—
Nonaccrual Troubled Debt Restructured Loans
Commercial, financial and agricultural		—	$	—	$	—	$	—		2	$	448	$	448	$	—
Real estate—commercial real estate		—		—		—		—		1		124		124		—
Total		—	$	—	$	—	$	—		3	$	572	$	572	$	—

Concessions granted on accruing and non-accrual loans restructured

	Three Months Ended March 31, 2012
	Interest Only Terms Extension				Temporary Payment Reduction				Temporary Payment Suspension				Total Concessions Granted
(Dollars in thousands)	No. of Loans		Amount		No. of Loans		Amount		No. of Loans		Amount		No. of Loans		Amount
Accruing Troubled Debt Restructured Loans:
Commercial, financial and agricultural		4	$	1,316		3	$	221		—	$	—		7	$	1,537
Real estate—commercial real estate		2		647		1		187		—		—		3		834
Real estate—construction		2		1,330		—		—		—		—		2		1,330
Total		8	$	3,293		4	$	408		—	$	—		12	$	3,701
Nonaccrual Troubled Debt Restructured Loans:
Commercial, financial and agricultural		—	$	—		—	$	—		2	$	448		2	$	448
Real estate—commercial real estate		—		—		—		—		1		124		1		124
Total		—	$	—		—	$	—		3	$	572		3	$	572

Accruing and nonaccrual troubled debt restructured loans with payment default

	Three Months Ended				Three Months Ended
	March 31, 2013				March 31, 2012
(Dollars in thousands)	Number of Loans		Recorded Investment		Number of Loans		Recorded Investment
Accruing Troubled Debt Restructured Loans:
Commercial, financial and agricultural		3	$	230		—	$	—
Total		3	$	230		—	$	—
Nonaccrual Troubled Debt Restructured Loans:
Total		—	$	—		—	$	—