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LOANS AND ALLOWANCE FOR LOAN LOSSES (Tables)
 12 Months Ended
Dec. 31, 2017
Receivables [Abstract]  
Schedule of Accounts Notes Loans and Financial Receivables
Theses commercial equipment direct financing leases are presented in the following table as of December 31, 2017 and 2016.
(dollars in thousands)
2017
 
2016
Minimum lease payments receivable
$
60,365

 
$
—

Residuals
7,205

 
—

Unearned income
(4,207
)
 
—

Deferred lease origination costs
69

 
—

Direct financing leases, net of unearned income
63,432

 
—

Allowance for lease losses
(317
)
 
—

Direct financing leases, net
$
63,115

 
$
—

Loans are stated at unpaid balances, net of unearned income and deferred loan fees. Balances within the major loans receivable categories are presented in the following table, excluding purchased loans.
 
December 31,
(dollars in thousands)
2017
 
2016
Commercial, financial and agricultural
$
1,362,508

 
$
967,138

Real estate – construction and development
624,595

 
363,045

Real estate – commercial and farmland
1,535,439

 
1,406,219

Real estate – residential
1,009,461

 
781,018

Consumer installment
309,194

 
96,915

Other
15,317

 
12,486

 
$
4,856,514

 
$
3,626,821
Summary of Direct Financing Leases, Lease Receivable, Maturity
The following is a schedule of future minimum lease payments to be received on the commercial equipment direct financing leases at December 31, 2017.
(dollars in thousands)
 
2018
$
19,487

2019
19,494

2020
16,465

2021
3,482

2022
502

Thereafter
935

 
$
60,365
Summary of Purchased Loans And Major Loan Categories
The carrying value of purchased loans are shown below according to major loan type as of the end of the years shown.
(dollars in thousands)
2017
 
2016
Commercial, financial and agricultural
$
74,378

 
$
96,537

Real estate – construction and development
65,513

 
81,368

Real estate – commercial and farmland
468,246

 
576,355

Real estate – residential
250,539

 
310,277

Consumer installment
2,919

 
4,654

 
$
861,595

 
$
1,069,191
Rollforward Of Acquired Loans
A rollforward of purchased loans for the years ended December 31, 2017 and 2016 is shown below.
(dollars in thousands)
2017
 
2016
Balance, January 1
$
1,069,191

 
$
909,083

Charge-offs
(3,411
)
 
(3,576
)
Additions due to acquisitions
—

 
401,638

Accretion
11,308

 
16,637

Transfers to purchased other real estate owned
(5,023
)
 
(7,229
)
Payments received
(210,470
)
 
(247,452
)
Other
—

 
90

Ending balance
$
861,595

 
$
1,069,191
Schedule Of Changes In Accretable Discount Related To Credit Impaired Acquired Loans
The following is a summary of changes in the accretable discounts of purchased loans during years ended December 31, 2017 and 2016:
(dollars in thousands)
2017
 
2016
Balance, January 1
$
30,624

 
$
33,848

Additions due to acquisitions
—

 
11,295

Accretion
(11,308
)
 
(16,637
)
Accretable discounts removed due to charge-offs
(17
)
 
(161
)
Transfers between non-accretable and accretable discounts, net
893

 
2,279

Ending balance
$
20,192

 
$
30,624
Summary of Financial Receivable Nonaccrual Basis
The following table presents an analysis of loans accounted for on a nonaccrual basis, excluding purchased loans.
(dollars in thousands)
2017
 
2016
Commercial, financial and agricultural
$
1,306

 
$
1,814

Real estate – construction and development
554

 
547

Real estate – commercial and farmland
2,665

 
8,757

Real estate – residential
9,194

 
6,401

Consumer installment
483

 
595

 
$
14,202

 
$
18,114

The following table presents an analysis of purchased loans accounted for on a nonaccrual basis.
(dollars in thousands)
2017
 
2016
Commercial, financial and agricultural
$
813

 
$
692

Real estate – construction and development
3,139

 
2,611

Real estate – commercial and farmland
5,685

 
10,174

Real estate – residential
5,743

 
9,476

Consumer installment
48

 
13

 
$
15,428

 
$
22,966
Summary of Past Due Financial Receivables
The following table presents an analysis of purchased past due loans as of December 31, 2017 and 2016.
(dollars in thousands)
 
Loans 30-59 Days
Past Due
 
Loans 60-89 Days
Past Due
 
Loans 90 or More Days
Past Due
 
Total Loans Past Due
 
Current Loans
 
Total Loans
 
Loans 90 Days or More
Past Due and
Still Accruing
As of December 31, 2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial, financial and agricultural
 
$
—

 
$
33

 
$
760

 
$
793

 
$
73,585

 
$
74,378

 
$
—

Real estate – construction and development
 
87

 
31

 
2,517

 
2,635

 
62,878

 
65,513

 
—

Real estate – commercial and farmland
 
1,190

 
701

 
2,724

 
4,615

 
463,631

 
468,246

 
—

Real estate – residential
 
2,722

 
1,585

 
2,320

 
6,627

 
243,912

 
250,539

 
—

Consumer installment
 
57

 
4

 
43

 
104

 
2,815

 
2,919

 
—

Total
 
$
4,056

 
$
2,354

 
$
8,364

 
$
14,774

 
$
846,821

 
$
861,595

 
$
—


(dollars in thousands)
 
Loans 30-59 Days
Past Due
 
Loans 60-89 Days
Past Due
 
Loans 90 or More Days
Past Due
 
Total Loans Past Due
 
Current Loans
 
Total Loans
 
Loans 90 Days or More
Past Due and
Still Accruing
As of December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial, financial and agricultural
 
$
113

 
$
18

 
$
593

 
$
724

 
$
95,813

 
$
96,537

 
$
—

Real estate – construction and development
 
161

 
11

 
2,518

 
2,690

 
78,678

 
81,368

 
—

Real estate – commercial and farmland
 
2,034

 
326

 
7,152

 
9,512

 
566,843

 
576,355

 
—

Real estate – residential
 
4,566

 
698

 
6,835

 
12,099

 
298,178

 
310,277

 
—

Consumer installment
 
22

 
—

 
13

 
35

 
4,619

 
4,654

 
—

Total
 
$
6,896

 
$
1,053

 
$
17,111

 
$
25,060

 
$
1,044,131

 
$
1,069,191

 
$
—

The following table presents an analysis of past due loans, excluding purchased loans as of December 31, 2017 and 2016.
(dollars in thousands)
 
Loans 30-59 Days
Past Due
 
Loans 60-89 Days
Past Due
 
Loans 90 or More Days
Past Due
 
Total Loans Past Due
 
Current Loans
 
Total Loans
 
Loans 90 Days or More
Past Due and
Still Accruing
As of December 31, 2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial, financial and agricultural
 
$
8,124

 
$
3,285

 
$
6,978

 
$
18,387

 
$
1,344,121

 
$
1,362,508

 
$
5,991

Real estate – construction and development
 
810

 
23

 
288

 
1,121

 
623,474

 
624,595

 
—

Real estate – commercial and farmland
 
869

 
787

 
1,940

 
3,596

 
1,531,843

 
1,535,439

 
—

Real estate – residential
 
8,772

 
2,941

 
7,041

 
18,754

 
990,707

 
1,009,461

 
—

Consumer installment
 
1,556

 
472

 
329

 
2,357

 
306,837

 
309,194

 
—

Other
 
—

 
—

 
—

 
—

 
15,317

 
15,317

 
—

Total
 
$
20,131

 
$
7,508

 
$
16,576

 
$
44,215

 
$
4,812,299

 
$
4,856,514

 
$
5,991


(dollars in thousands)
 
Loans 30-59 Days
Past Due
 
Loans 60-89 Days
Past Due
 
Loans 90 or More Days
Past Due
 
Total Loans Past Due
 
Current Loans
 
Total Loans
 
Loans 90 Days or More
Past Due and
Still Accruing
As of December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial, financial and agricultural
 
$
565

 
$
82

 
$
1,293

 
$
1,940

 
$
965,198

 
$
967,138

 
$
—

Real estate – construction and development
 
908

 
446

 
439

 
1,793

 
361,252

 
363,045

 
—

Real estate – commercial and farmland
 
6,329

 
1,711

 
6,945

 
14,985

 
1,391,234

 
1,406,219

 
—

Real estate – residential
 
6,354

 
1,282

 
5,302

 
12,938

 
768,080

 
781,018

 
—

Consumer installment
 
624

 
263

 
350

 
1,237

 
95,678

 
96,915

 
—

Other
 
—

 
—

 
—

 
—

 
12,486

 
12,486

 
—

Total
 
$
14,780

 
$
3,784

 
$
14,329

 
$
32,893

 
$
3,593,928

 
$
3,626,821

 
$
—
Summary of Impaired Financial Receivables
The following is a summary of information pertaining to purchased impaired loans:
 
As of and For the Years Ended
December 31,
(dollars in thousands)
2017
 
2016
 
2015
Nonaccrual loans
$
15,428

 
$
22,966

 
$
26,568

Troubled debt restructurings not included above
20,472

 
23,543

 
22,656

Total impaired loans
$
35,900

 
$
46,509

 
$
49,224

 
 
 
 
 
 
Interest income recognized on impaired loans
$
1,625

 
$
2,755

 
$
1,671

Foregone interest income on impaired loans
$
1,239

 
$
1,637

 
$
2,961


The following table presents an analysis of information pertaining to purchased impaired loans as of December 31, 2017 and 2016.
(dollars in thousands)
 
Unpaid Contractual Principal Balance
 
Recorded Investment With No Allowance
 
Recorded Investment With Allowance
 
Total Recorded Investment
 
Related Allowance
 
Average Recorded Investment
As of December 31, 2017
 
 
 
 
 
 
 
 
 
 
 
 
Commercial, financial and agricultural
 
$
4,170

 
$
70

 
$
744

 
$
814

 
$
400

 
$
827

Real estate – construction and development
 
9,060

 
282

 
3,875

 
4,157

 
1,114

 
3,877

Real estate – commercial and farmland
 
14,596

 
1,224

 
11,173

 
12,397

 
906

 
15,329

Real estate – residential
 
20,867

 
6,574

 
11,910

 
18,484

 
821

 
20,743

Consumer installment
 
57

 
48

 
—

 
48

 
—

 
41

Total
 
$
48,750

 
$
8,198

 
$
27,702

 
$
35,900

 
$
3,241

 
$
40,817


(dollars in thousands)
 
Unpaid Contractual Principal Balance
 
Recorded Investment With No Allowance
 
Recorded Investment With Allowance
 
Total Recorded Investment
 
Related Allowance
 
Average Recorded Investment
As of December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
Commercial, financial and agricultural
 
$
5,031

 
$
370

 
$
322

 
$
692

 
$
—

 
$
2,206

Real estate – construction and development
 
24,566

 
493

 
3,477

 
3,970

 
153

 
4,279

Real estate – commercial and farmland
 
36,174

 
3,598

 
15,036

 
18,634

 
385

 
19,872

Real estate – residential
 
27,022

 
7,883

 
15,306

 
23,189

 
1,088

 
23,163

Consumer installment
 
37

 
24

 
—

 
24

 
—

 
96

Total
 
$
92,830

 
$
12,368

 
$
34,141

 
$
46,509

 
$
1,626

 
$
49,616

The following is a summary of information pertaining to impaired loans, excluding purchased loans:
 
As of and For the Years Ended
December 31,
(dollars in thousands)
2017
 
2016
 
2015
Nonaccrual loans
$
14,202

 
$
18,114

 
$
16,860

Troubled debt restructurings not included above
13,599

 
14,209

 
14,418

Total impaired loans
$
27,801

 
$
32,323

 
$
31,278

 
 
 
 
 
 
Interest income recognized on impaired loans
$
1,867

 
$
1,033

 
$
909

Foregone interest income on impaired loans
$
950

 
$
977

 
$
1,204


The following table presents an analysis of information pertaining to impaired loans, excluding purchased loans as of December 31, 2017 and 2016.
(dollars in thousands)
 
Unpaid Contractual Principal Balance
 
Recorded Investment With No Allowance
 
Recorded Investment With Allowance
 
Total Recorded Investment
 
Related Allowance
 
Average Recorded Investment
As of December 31, 2017
 
 
 
 
 
 
 
 
 
 
 
 
Commercial, financial and agricultural
 
$
1,453

 
$
734

 
$
613

 
$
1,347

 
$
145

 
$
2,173

Real estate – construction and development
 
1,467

 
471

 
500

 
971

 
48

 
1,122

Real estate – commercial and farmland
 
10,646

 
729

 
8,873

 
9,602

 
1,047

 
11,053

Real estate – residential
 
17,416

 
4,828

 
10,565

 
15,393

 
1,005

 
14,930

Consumer installment
 
523

 
488

 
—

 
488

 
—

 
541

Total
 
$
31,505

 
$
7,250

 
$
20,551

 
$
27,801

 
$
2,245

 
$
29,819


(dollars in thousands)
 
Unpaid Contractual Principal Balance
 
Recorded Investment With No Allowance
 
Recorded Investment With Allowance
 
Total Recorded Investment
 
Related Allowance
 
Average Recorded Investment
As of December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
Commercial, financial and agricultural
 
$
3,068

 
$
204

 
$
1,656

 
$
1,860

 
$
134

 
$
1,684

Real estate – construction and development
 
2,047

 
—

 
1,233

 
1,233

 
273

 
2,018

Real estate – commercial and farmland
 
13,906

 
6,811

 
6,065

 
12,876

 
1,503

 
12,845

Real estate – residential
 
15,482

 
2,238

 
13,503

 
15,741

 
3,080

 
14,453

Consumer installment
 
671

 
—

 
613

 
613

 
5

 
506

Total
 
$
35,174

 
$
9,253

 
$
23,070

 
$
32,323

 
$
4,995

 
$
31,506
Summary of Credit Quality Indicate Financial Receivable
The following table presents the purchased loan portfolio by risk grade as of December 31, 2017 and 2016 (in thousands).

As of December 31, 2017
Risk Grade
 
Commercial, Financial and Agricultural
 
Real Estate - Construction and Development
 
Real Estate - Commercial
and Farmland
 
Real Estate - Residential
 
Consumer Installment
 
Other
 
Total
10
 
$
3,358

 
$
—

 
$
—

 
$
—

 
$
606

 
$
—

 
$
3,964

15
 
4,541

 
—

 
5,047

 
91,270

 
240

 
—

 
101,098

20
 
8,517

 
13,014

 
186,187

 
50,988

 
1,166

 
—

 
259,872

23
 
—

 
2,306

 
6,081

 
11,349

 
—

 
—

 
19,736

25
 
43,085

 
39,877

 
230,570

 
70,837

 
711

 
—

 
385,080

30
 
13,718

 
4,076

 
13,637

 
5,637

 
53

 
—

 
37,121

40
 
1,159

 
6,240

 
26,724

 
20,458

 
143

 
—

 
54,724

50
 
—

 
—

 
—

 
—

 
—

 
—

 
—

60
 
—

 
—

 
—

 
—

 
—

 
—

 
—

Total
 
$
74,378

 
$
65,513

 
$
468,246

 
$
250,539

 
$
2,919

 
$
—

 
$
861,595


As of December 31, 2016
Risk Grade
 
Commercial, Financial and Agricultural
 
Real Estate - Construction and Development
 
Real Estate - Commercial
and Farmland
 
Real Estate - Residential
 
Consumer Installment
 
Other
 
Total
10
 
$
5,722

 
$
—

 
$
—

 
$
—

 
$
814

 
$
—

 
$
6,536

15
 
1,266

 
—

 
7,619

 
31,331

 
570

 
—

 
40,786

20
 
16,204

 
10,686

 
194,168

 
111,712

 
1,583

 
—

 
334,353

23
 
22

 
3,643

 
9,019

 
14,791

 
—

 
—

 
27,475

25
 
67,123

 
56,006

 
323,242

 
121,379

 
1,276

 
—

 
569,026

30
 
5,072

 
7,271

 
15,039

 
7,605

 
45

 
—

 
35,032

40
 
1,128

 
3,762

 
27,268

 
23,459

 
366

 
—

 
55,983

50
 
—

 
—

 
—

 
—

 
—

 
—

 
—

60
 
—

 
—

 
—

 
—

 
—

 
—

 
—

Total
 
$
96,537

 
$
81,368

 
$
576,355

 
$
310,277

 
$
4,654

 
$
—

 
$
1,069,191

The following table presents the loan portfolio, excluding purchased loans, by risk grade as of December 31, 2017 and 2016 (in thousands).

As of December 31, 2017
Risk Grade
 
Commercial, Financial and Agricultural
 
Real Estate - Construction and Development
 
Real Estate - Commercial and Farmland
 
Real Estate - Residential
 
Consumer Installment
 
Other
 
Total
10
 
$
539,899

 
$
—

 
$
5,790

 
$
47

 
$
9,243

 
$
—

 
$
554,979

15
 
568,557

 
1,005

 
68,507

 
49,742

 
670

 
—

 
688,481

20
 
125,740

 
59,318

 
966,391

 
843,178

 
24,035

 
15,317

 
2,033,979

23
 
330

 
4,474

 
6,408

 
5,781

 
3

 
—

 
16,996

25
 
117,358

 
552,918

 
454,506

 
88,537

 
274,462

 
—

 
1,487,781

30
 
5,236

 
4,207

 
15,108

 
5,339

 
185

 
—

 
30,075

40
 
5,381

 
2,673

 
18,729

 
16,837

 
596

 
—

 
44,216

50
 
7

 
—

 
—

 
—

 
—

 
—

 
7

60
 
—

 
—

 
—

 
—

 
—

 
—

 
—

Total
 
$
1,362,508

 
$
624,595

 
$
1,535,439

 
$
1,009,461

 
$
309,194

 
$
15,317

 
$
4,856,514


As of December 31, 2016
Risk Grade
 
Commercial, Financial and Agricultural
 
Real Estate - Construction and Development
 
Real Estate - Commercial
 and Farmland
 
Real Estate - Residential
 
Consumer Installment
 
Other
 
Total
10
 
$
397,093

 
$
—

 
$
8,814

 
$
125

 
$
8,532

 
$
—

 
$
414,564

15
 
376,323

 
5,390

 
102,893

 
54,136

 
405

 
—

 
539,147

20
 
97,057

 
36,307

 
889,539

 
609,583

 
25,026

 
12,486

 
1,669,998

23
 
366

 
6,803

 
8,533

 
7,470

 
14

 
—

 
23,186

25
 
92,066

 
307,903

 
357,151

 
88,370

 
62,098

 
—

 
907,588

30
 
144

 
719

 
22,986

 
5,197

 
126

 
—

 
29,172

40
 
4,089

 
5,923

 
16,303

 
16,038

 
714

 
—

 
43,067

50
 
—

 
—

 
—

 
99

 
—

 
—

 
99

60
 
—

 
—

 
—

 
—

 
—

 
—

 
—

Total
 
$
967,138

 
$
363,045

 
$
1,406,219

 
$
781,018

 
$
96,915

 
$
12,486

 
$
3,626,821
Summary of Troubled Debt Restructurings by Loan Class
The following table presents the loans by class modified as troubled debt restructurings, excluding purchased loans, which occurred during the year ending December 31, 2017 and 2016.

 
 
December 31, 2017
 
December 31, 2016
Loan Class
 
#
 
Balance
(in thousands)
 
#
 
Balance
(in thousands)
Commercial, financial and agricultural
 
2
 
$
7

 
6
 
$
58

Real estate – construction and development
 
—
 
—

 
2
 
250

Real estate – commercial and farmland
 
7
 
3,516

 
4
 
1,656

Real estate – residential
 
12
 
656

 
34
 
2,495

Consumer installment
 
11
 
33

 
12
 
63

Total
 
32
 
$
4,212

 
58
 
$
4,522

The following table presents the purchased loans by class modified as troubled debt restructurings, which occurred during the year ending December 31, 2017 and 2016.
 
 
December 31, 2017
 
December 31, 2016
Loan Class
 
#
 
Balance
(in thousands)
 
#
 
Balance
(in thousands)
Commercial, financial and agricultural
 
1
 
$
5

 
1
 
$
76

Real estate – construction and development
 
—
 
—

 
—
 
—

Real estate – commercial and farmland
 
4
 
1,311

 
6
 
2,789

Real estate – residential
 
18
 
2,319

 
28
 
3,091

Consumer installment
 
—
 
—

 
—
 
—

Total
 
23
 
$
3,635

 
35
 
$
5,956

The following table presents the amount of troubled debt restructurings by loan class of purchased loans, classified separately as accrual and non-accrual at December 31, 2017 and 2016.
As of December 31, 2017
 
Accruing Loans
 
Non-Accruing Loans
Loan Class
 
#
 
Balance
(in thousands)
 
#
 
Balance
(in thousands)
Commercial, financial and agricultural
 
—
 
$
—

 
3
 
$
16

Real estate – construction and development
 
3
 
1,018

 
6
 
340

Real estate – commercial and farmland
 
14
 
6,713

 
10
 
2,582

Real estate – residential
 
117
 
12,741

 
25
 
1,462

Consumer installment
 
—
 
—

 
2
 
5

Total
 
134
 
$
20,472

 
46
 
$
4,405


As of December 31, 2016
 
Accruing Loans
 
Non-Accruing Loans
Loan Class
 
#
 
Balance
(in thousands)
 
#
 
Balance
(in thousands)
Commercial, financial and agricultural
 
1
 
$
1

 
4
 
$
91

Real estate – construction and development
 
6
 
1,358

 
3
 
30

Real estate – commercial and farmland
 
20
 
8,460

 
5
 
2,402

Real estate – residential
 
123
 
13,713

 
33
 
2,077

Consumer installment
 
3
 
11

 
1
 
—

Total
 
153
 
$
23,543

 
46
 
$
4,600
Troubled Debt Restructurings On Financing Receivables Payment Default
The following table presents the troubled debt restructurings by class that defaulted (defined as 30 days past due) during the year ending December 31, 2017 and 2016.

 
 
December 31, 2017
 
December 31, 2016
Loan Class
 
#
 
Balance
(in thousands)
 
#
 
Balance
(in thousands)
Commercial, financial and agricultural
 
2
 
$
47

 
5
 
$
51

Real estate – construction and development
 
2
 
261

 
1
 
5

Real estate – commercial and farmland
 
4
 
419

 
5
 
2,970

Real estate – residential
 
12
 
838

 
5
 
460

Consumer installment
 
7
 
22

 
6
 
38

Total
 
27
 
$
1,587

 
22
 
$
3,524
Summary of Troubled Debt Restructuring by Loan Class, Classified Separately under Restructured Terms
The following table presents the amount of troubled debt restructurings by loan class, excluding purchased loans, classified separately as accrual and non-accrual at December 31, 2017 and 2016.
As of December 31, 2017
 
Accruing Loans
 
Non-Accruing Loans
Loan Class
 
#
 
Balance
(in thousands)
 
#
 
Balance
(in thousands)
Commercial, financial and agricultural
 
4
 
$
41

 
12
 
$
120

Real estate – construction and development
 
6
 
417

 
2
 
34

Real estate – commercial and farmland
 
17
 
6,937

 
5
 
204

Real estate – residential
 
74
 
6,199

 
18
 
1,508

Consumer installment
 
4
 
5

 
33
 
98

Total
 
105
 
$
13,599

 
70
 
$
1,964


As of December 31, 2016
 
Accruing Loans
 
Non-Accruing Loans
Loan Class
 
#
 
Balance
(in thousands)
 
#
 
Balance
(in thousands)
Commercial, financial and agricultural
 
4
 
$
47

 
15
 
$
114

Real estate – construction and development
 
8
 
686

 
2
 
34

Real estate – commercial and farmland
 
16
 
4,119

 
5
 
2,970

Real estate – residential
 
82
 
9,340

 
15
 
739

Consumer installment
 
7
 
17

 
32
 
130

Total
 
117
 
$
14,209

 
69
 
$
3,987

The following table presents the troubled debt restructurings by class that defaulted (defined as 30 days past due) during the year ending December 31, 2017 and 2016.
 
 
December 31, 2017
 
December 31, 2016
Loan Class
 
#
 
Balance
(in thousands)
 
#
 
Balance
(in thousands)
Commercial, financial and agricultural
 
1
 
$
5

 
2
 
$
76

Real estate – construction and development
 
—
 
—

 
1
 
9

Real estate – commercial and farmland
 
2
 
282

 
—
 
—

Real estate – residential
 
9
 
452

 
18
 
910

Consumer installment
 
1
 
3

 
—
 
—

Total
 
13
 
$
742

 
21
 
$
995
Summary of Changes in Related Party Loans
Changes in related party loans are summarized as follows:
 
December 31,
(dollars in thousands)
2017
 
2016
Balance, January 1
$
3,167

 
$
3,818

Advances
654

 
78

Repayments
(1,676
)
 
(729
)
Transactions due to changes in related parties
—

 
—

Ending balance
$
2,145

 
$
3,167
Schedule of Allowances for Loan Losses by Portfolio Segment
The following table details activity in the allowance for loan losses by portfolio segment for the periods indicated. 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)
 
Commercial, Financial and Agricultural
 
Real Estate –
Construction and
Development
 
Real Estate – Commercial and Farmland
 
Real Estate - Residential
 
Consumer Installment and Other
 
Purchased Loans
 
Purchased Loan Pools
 
Total
Twelve months ended December 31, 2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance, January 1, 2017
 
$
2,192

 
$
2,990

 
$
7,662

 
$
6,786

 
$
827

 
$
1,626

 
$
1,837

 
$
23,920

Provision for loan losses
 
3,019

 
488

 
508

 
(86
)
 
2,591

 
2,606

 
(762
)
 
8,364

Loans charged off
 
(2,850
)
 
(95
)
 
(853
)
 
(2,151
)
 
(1,618
)
 
(2,900
)
 
—

 
(10,467
)
Recoveries of loans previously charged off
 
1,270

 
246

 
184

 
237

 
116

 
1,921

 
—

 
3,974

Balance, December 31, 2017
 
$
3,631

 
$
3,629

 
$
7,501

 
$
4,786

 
$
1,916

 
$
3,253

 
$
1,075

 
$
25,791

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period-end amount allocated to:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans individually evaluated for impairment(1)
 
$
465

 
$
48

 
$
1,047

 
$
1,028

 
$
—

 
$
3,253

 
$
177

 
$
6,018

Loans collectively evaluated for impairment
 
3,166

 
3,581

 
6,454

 
3,758

 
1,916

 
—

 
898

 
19,773

Ending balance
 
$
3,631

 
$
3,629

 
$
7,501

 
$
4,786

 
$
1,916

 
$
3,253

 
$
1,075

 
$
25,791

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment(1)
 
$
2,971

 
$
500

 
$
8,873

 
$
10,818

 
$
—

 
$
28,165

 
$
904

 
$
52,231

Collectively evaluated for impairment
 
1,359,537

 
624,095

 
1,526,566

 
998,643

 
324,511

 
718,447

 
327,342

 
5,879,141

Acquired with deteriorated credit quality
 
—

 
—

 
—

 
—

 
—

 
114,983

 
—

 
114,983

Ending balance
 
$
1,362,508

 
$
624,595

 
$
1,535,439

 
$
1,009,461

 
$
324,511

 
$
861,595

 
$
328,246

 
$
6,046,355


(1)
At December 31, 2017, loans individually evaluated for impairment includes all nonaccrual loans greater than $100,000 and all troubled debt restructurings greater than $100,000, including all troubled debt restructurings and not only those currently classified as troubled debt restructurings.

(dollars in thousands)
 
Commercial, Financial and Agricultural
 
Real Estate –
Construction and
Development
 
Real Estate – Commercial and Farmland
 
Real Estate - Residential
 
Consumer Installment and Other
 
Purchased Loans
 
Purchased
Loan
Pools
 
Total
Twelve months ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance, January 1, 2016
 
$
1,144

 
$
5,009

 
$
7,994

 
$
4,760

 
$
1,574

 
$
—

 
$
581

 
$
21,062

Provision for loan losses
 
2,647

 
(1,921
)
 
107

 
2,757

 
(523
)
 
(232
)
 
1,256

 
4,091

Loans charged off
 
(1,999
)
 
(588
)
 
(708
)
 
(1,122
)
 
(351
)
 
(1,559
)
 
—

 
(6,327
)
Recoveries of loans previously charged off
 
400

 
490

 
269

 
391

 
127

 
3,417

 
—

 
5,094

Balance, December 31, 2016
 
$
2,192

 
$
2,990

 
$
7,662

 
$
6,786

 
$
827

 
$
1,626

 
$
1,837

 
$
23,920

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period-end amount allocated to:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans individually evaluated for impairment(1)
 
$
120

 
$
266

 
$
1,502

 
$
2,893

 
$
—

 
$
1,626

 
$
—

 
$
6,407

Loans collectively evaluated for impairment
 
2,072

 
2,724

 
6,160

 
3,893

 
827

 
—

 
1,837

 
17,513

Ending balance
 
$
2,192

 
$
2,990

 
$
7,662

 
$
6,786

 
$
827

 
$
1,626

 
$
1,837

 
$
23,920

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment(1)
 
$
501

 
$
659

 
$
12,423

 
$
12,697

 
$
—

 
$
34,141

 
$
—

 
$
60,421

Collectively evaluated for impairment
 
966,637

 
362,386

 
1,393,796

 
768,321

 
109,401

 
886,516

 
568,314

 
5,055,371

Acquired with deteriorated credit quality
 
—

 
—

 
—

 
—

 
—

 
148,534

 
—

 
148,534

Ending balance
 
$
967,138

 
$
363,045

 
$
1,406,219

 
$
781,018

 
$
109,401

 
$
1,069,191

 
$
568,314

 
$
5,264,326


(1)
At December 31, 2016, loans individually evaluated for impairment includes all nonaccrual loans greater than $100,000 and all troubled debt restructurings greater than $100,000, including all troubled debt restructurings and not only those currently classified as troubled debt restructurings.
(dollars in thousands)
 
Commercial, Financial and Agricultural
 
Real Estate –
Construction and
Development
 
Real Estate – Commercial and Farmland
 
Real Estate - Residential
 
Consumer Installment and Other
 
Purchased Loans
 
Purchased
Loan
Pools
 
Total
Twelve months ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance, January 1, 2015
 
$
2,004

 
$
5,030

 
$
8,823

 
$
4,129

 
$
1,171

 
$
—

 
$
—

 
$
21,157

Provision for loan losses
 
(73
)
 
278

 
1,221

 
2,067

 
676

 
514

 
581

 
5,264

Loans charged off
 
(1,438
)
 
(622
)
 
(2,367
)
 
(1,587
)
 
(410
)
 
(2,709
)
 
—

 
(9,133
)
Recoveries of loans previously charged off
 
651

 
323

 
317

 
151

 
137

 
2,195

 
—

 
3,774

Balance, December 31, 2015
 
$
1,144

 
$
5,009

 
$
7,994

 
$
4,760

 
$
1,574

 
$
—

 
$
581

 
$
21,062

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period-end amount allocated to:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans individually evaluated for impairment(1)
 
$
126

 
$
759

 
$
1,074

 
$
2,172

 
$
—

 
$
—

 
$
—

 
$
4,131

Loans collectively evaluated for impairment
 
1,018

 
4,250

 
6,920

 
2,588

 
1,574

 
—

 
581

 
16,931

Ending balance
 
$
1,144

 
$
5,009

 
$
7,994

 
$
4,760

 
$
1,574

 
$
—

 
$
581

 
$
21,062

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment(1)
 
$
323

 
$
1,958

 
$
11,877

 
$
9,554

 
$
—

 
$
44,989

 
$
—

 
$
68,701

Collectively evaluated for impairment
 
449,300

 
242,735

 
1,093,114

 
560,876

 
37,140

 
721,309

 
592,963

 
3,697,437

Acquired with deteriorated credit quality
 
—

 
—

 
—

 
—

 
—

 
142,785

 
—

 
142,785

Ending balance
 
$
449,623

 
$
244,693

 
$
1,104,991

 
$
570,430

 
$
37,140

 
$
909,083

 
$
592,963

 
$
3,908,923


(1)
At December 31, 2015, loans individually evaluated for impairment includes all nonaccrual loans greater than $200,000 and all troubled debt restructurings greater than $100,000, including all troubled debt restructurings and not only those currently classified as troubled debt restructurings