LOANS AND ALLOWANCE FOR LOAN LOSSES (Tables)

12 Months Ended

Dec. 31, 2015

Schedule of Accounts Notes Loans and Financial Receivables

Balances within the major loans receivable categories are presented in the following table:

	December 31,
	2015		2014
	(Dollars in Thousands)
Commercial, financial & agricultural	$	449,623	$	319,654
Real estate – construction & development		244,693		161,507
Real estate – commercial & farmland		1,104,991		907,524
Real estate – residential		570,430		456,106
Consumer installment		31,125		30,782
Other		6,015		14,308
		2,406,877		1,889,881
Allowance for loan losses		20,481		21,157
Loans, net	$	2,386,396	$	1,868,724

Summary of Covered Loans According to Loan Type

The carrying value of covered loans are shown below according to loan type as of the end of the years shown:

	2015		2014
	(Dollars in Thousands)
Commercial, financial & agricultural	$	5,546	$	21,467
Real estate – construction & development		7,612		23,447
Real estate – commercial & farmland		71,226		147,627
Real estate – residential		53,038		78,520
Consumer installment loans		107		218
	$	137,529	$	271,279

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.

	Commercial,  financial &  agricultural		Real estate –  construction &  development		Real estate –  commercial &  farmland		Real estate -  residential		Consumer  installment  loans and  Other		Purchased  non-covered  loans,  including  pools		Covered  loans		Total
	(Dollars in Thousands)
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		344		751		5,264
Loans charged off		(1,438)		(622)		(2,367)		(1,587)		(410)		(950)		(1,759)		(9,133)
Recoveries of loans previously charged off		651		323		317		151		137		1,187		1,008		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	$	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	$	323	$	1,958	$	11,877	$	9,554	$	-	$	-	$	-	$	23,712
Collectively evaluated for impairment		449,300		242,735		1,093,114		560,876		37,140		1,261,821		52,451		3,697,437
Acquired with deteriorated credit quality		-		-		-		-		-		102,696		85,078		187,774
Ending balance	$	449,623	$	244,693	$	1,104,991	$	570,430	$	37,140	$	1,364,517	$	137,529	$	3,908,923

  

	Commercial,  financial &  agricultural		Real estate –  construction &  development		Real estate –  commercial &  farmland		Real estate -  residential		Consumer  installment  loans and  Other		Purchased  non-covered  loans,  including  pools		Covered  loans		Total
	(Dollars in Thousands)
Twelve months ended December 31, 2014:
Balance, January 1, 2014	$	1,823	$	5,538	$	8,393	$	6,034	$	589	$	-	$	-	$	22,377
Provision for loan losses		1,427		(265)		3,444		(452)		567		84		843		5,648
Loans charged off		(1,567)		(592)		(3,288)		(1,707)		(471)		(84)		(1,851)		(9,560)
Recoveries of loans previously charged off		321		349		274		254		486		-		1,008		2,692
Balance, December 31, 2014	$	2,004	$	5,030	$	8,823	$	4,129	$	1,171	$	-	$	-	$	21,157
Period-end amount allocated to:
Loans individually evaluated for impairment	$	375	$	743	$	1,861	$	911	$	-	$	-	$	-	$	3,890
Loans collectively evaluated for impairment		1,629		4,287		6,962		3,218		1,171		-		-		17,267
Ending balance	$	2,004	$	5,030	$	8,823	$	4,129	$	1,171	$	-	$	-	$	21,157
Loans:
Individually evaluated for impairment	$	490	$	3,709	$	14,546	$	8,904	$	-	$	-	$	-	$	27,649
Collectively evaluated for impairment		319,164		157,798		892,978		447,202		45,090		579,172		122,248		2,563,652
Acquired with deteriorated credit quality		-		-		-		-		-		95,067		149,031		244,098
Ending balance	$	319,654	$	161,507	$	907,524	$	456,106	$	45,090	$	674,239	$	271,279	$	2,835,399

 

	Commercial,  financial &  agricultural		Real estate –  construction &  development		Real estate –  commercial &  farmland		Real estate -  residential		Consumer  installment  loans and  Other		Purchased  non-covered  loans,  including  pools		Covered  loans		Total
	(Dollars in Thousands)
Twelve months ended December 31, 2013:
Balance, January 1, 2013	$	2,439	$	5,343	$	9,157	$	5,898	$	756	$	-	$	-	$	23,593
Provision for loan losses		711		1,742		2,777		4,463		254		-		1,539		11,486
Loans charged off		(1,759)		(2,020)		(3,571)		(5,215)		(719)		-		(1,539)		(14,823)
Recoveries of loans previously charged off		432		473		30		888		298		-		-		2,121
Balance, December 31, 2013	$	1,823	$	5,538	$	8,393	$	6,034	$	589	$	-	$	-	$	22,377
Period-end amount allocated to:
Loans individually evaluated for impairment	$	356	$	407	$	1,427	$	1,395	$	-	$	-	$	-	$	3,585
Loans collectively evaluated for impairment		1,467		5,131		6,966		4,639		589		-		-		18,792
Ending balance	$	1,823	$	5,538	$	8,393	$	6,034	$	589	$	-	$	-	$	22,377
Loans:
Individually evaluated for impairment	$	3,457	$	3,581	$	15,240	$	16,925	$	-	$	-	$	-	$	39,203
Collectively evaluated for impairment		240,916		142,790		793,083		349,957		52,505		381,588		173,190		2,134,029
Acquired with deteriorated credit quality		-		-		-		-		-		67,165		217,047		284,212
Ending balance	$	244,373	$	146,371	$	808,323	$	366,882	$	52,505	$	448,753	$	390,237	$	2,457,444

Summary of Changes in Related Party Loans

Changes in related party loans are summarized as follows:

	December 31,
	2015		2014
	(Dollars in Thousands)
Balance, beginning of year	$	4,403	$	5,565
Advances		162		78
Repayments		(674)		(1,240)
Transactions due to changes in related parties		(73)		-
Balance, end of year	$	3,818	$	4,403

Purchased Non Covered Loans [Member]

Summary of Carrying Value of Purchased Non-Covered Loans According to Loan Type

The carrying value of purchased non-covered loans are shown below according to loan type as of the end of the years shown:

	2015		2014
	(Dollars in Thousands)
Commercial, financial & agricultural	$	45,462	$	38,041
Real estate – construction & development		72,080		58,362
Real estate – commercial & farmland		390,755		306,706
Real estate – residential		258,153		266,342
Consumer installment loans		5,104		4,788
	$	771,554	$	674,239

Summary of Financial Receivable Nonaccrual Basis

The following table presents an analysis of purchased non-covered loans accounted for on a nonaccrual basis:

	2015		2014
	(Dollars in Thousands)
Commercial, financial & agricultural	$	1,064	$	175
Real estate – construction & development		1,106		1,119
Real estate – commercial & farmland		4,920		10,242
Real estate – residential		6,168		6,644
Consumer installment loans		72		69
	$	13,330	$	18,249

Summary of Past Due Financial Receivables

The following table presents an analysis of purchased non-covered past due loans as of December 31, 2015 and 2014.

	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
	(Dollars in Thousands)
As of December 30, 2015:
Commercial, financial & agricultural	$	248	$	13	$	846	$	1,107	$	44,355	$	45,462	$	-
Real estate – construction & development		416		687		420		1,523		70,557		72,080		-
Real estate – commercial & farmland		2,479		1,629		3,347		7,455		383,300		390,755		-
Real estate – residential		4,965		2,176		4,928		12,069		246,084		258,153		-
Consumer installment loans		31		9		70		110		4,994		5,104		-
Total	$	8,139	$	4,514	$	9,611	$	22,264	$	749,290	$	771,554	$	-

	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
	(Dollars in Thousands)
As of December 30, 2014:
Commercial, financial & agricultural	$	461	$	90	$	175	$	726	$	37,315	$	38,041	$	-
Real estate – construction & development		790		1,735		1,117		3,642		54,720		58,362		-
Real estate – commercial & farmland		2,107		1,194		9,529		12,830		293,876		306,706		-
Real estate – residential		6,907		1,401		6,369		14,677		251,665		266,342		-
Consumer installment loans		82		-		65		147		4,641		4,788		-
Total	$	10,347	$	4,420	$	17,255	$	32,022	$	642,217	$	674,239	$	-

Summary of Impaired Financial Receivables

The following is a summary of information pertaining to purchased non-covered impaired loans:

	As of and For the Years Ended December 31,
	2015		2014		2013
	(Dollars in Thousands)
Nonaccrual loans	$	13,330	$	18,249	$	6,659
Troubled debt restructurings not included above		9,373		1,212		5,938
Total impaired loans	$	22,703	$	19,461	$	12,597
Interest income recognized on impaired loans	$	785	$	109	$	-
Foregone interest income on impaired loans	$	1,365	$	1,759	$	-

The following table presents an analysis of information pertaining to purchased non-covered impaired loans as of December 31, 2015 and 2014.

	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment
	(Dollars in Thousands)
As of December 31, 2015:
Commercial, financial & agricultural	$	3,103	$	1,066	$	-	$	1,066	$	-	$	392
Real estate – construction & development		8,987		1,469		-		1,469		-		1,429
Real estate – commercial & farmland		14,999		11,134		-		11,134		-		10,806
Real estate – residential		14,946		8,957		-		8,957		-		8,067
Consumer installment loans		94		77		-		77		-		65
Total	$	42,129	$	22,703	$	-	$	22,703	$	-	$	20,759

	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment
	(Dollars in Thousands)
As of December 31, 2014:
Commercial, financial & agricultural	$	499	$	175	$	-	$	175	$	-	$	165
Real estate – construction & development		2,210		1,436		-		1,436		-		1,643
Real estate – commercial & farmland		13,520		10,588		-		10,588		-		7,484
Real estate – residential		10,487		7,191		-		7,191		-		7,084
Consumer installment loans		169		71		-		71		-		68
Total	$	26,885	$	19,461	$	-	$	19,461	$	-	$	16,444

Summary of Credit Quality Indicate Financial Receivable

The following table presents the purchased non-covered loan portfolio by risk grade as of December 31, 2015 and 2014.

As of December 31, 2015:

Risk Grade	Commercial,  financial &  agricultural		Real estate - construction &  development		Real estate - commercial &  farmland		Real estate -  residential		Consumer  installment  loans		Other		Total
	(Dollars in Thousands)
10	$	8,592	$	-	$	-	$	-	$	1,010	$	-	$	9,602
15		1,186		1,143		10,490		37,808		541		-		51,168
20		10,057		13,678		183,219		128,005		2,031		-		336,990
23		-		438		5,177		6,414		-		-		12,029
25		17,565		47,517		162,253		66,166		1,328		-		294,829
30		6,657		4,185		14,297		5,503		51		-		30,693
40		1,373		5,119		15,319		14,257		143		-		36,211
50		30		-		-		-		-		-		30
60		2		-		-		-		-		-		2
Total	$	45,462	$	72,080	$	390,755	$	258,153	$	5,104	$	-	$	771,554

As of December 31, 2014:

Risk Grade	Commercial,  financial &  agricultural		Real estate -  construction &  development		Real estate -  commercial &  farmland		Real estate -  residential		Consumer installment  loans		Other		Total
	(Dollars in Thousands)
10	$	6,624	$	-	$	-	$	290	$	480	$	-	$	7,394
15		1,376		522		13,277		14,051		501		-		29,727
20		13,657		12,991		116,308		64,083		1,647		-		208,686
23		73		-		3,207		3,298		-		-		6,578
25		13,753		36,230		144,293		164,959		1,920		-		361,155
30		1,618		4,365		12,279		7,444		41		-		25,747
40		910		4,254		17,342		12,184		199		-		34,889
50		30		-		-		33		-		-		63
60		-		-		-		-		-		-		-
Total	$	38,041	$	58,362	$	306,706	$	266,342	$	4,788	$	-	$	674,239

Summary of Troubled Debt Restructurings by Loan Class

The following table presents the purchased non-covered loans by class modified as troubled debt restructurings, which occurred during the year ending December 31, 2015 and 2014. 

	December 31, 2015				December 31, 2014
			Balance				Balance
Loan class:	#		(in thousands)		#		(in thousands)
Commercial, financial & agricultural		2	$	21		-	$	-
Real estate – construction & development		2		30		1		317
Real estate – commercial & farmland		5		1,051		1		346
Real estate – residential		8		1,541		7		571
Consumer installment		3		8		1		2
Total		20	$	2,651		10	$	1,236

Summary of Troubled Debt Restructuring by Loan Class, Classified Separately under Restructured Terms

The following table presents the troubled debt restructurings by class that defaulted (defined as 30 days past due) during the year ending December 31, 2015 and 2014. 

	December 31, 2015				December 31, 2014
			Balance				Balance
Loan class:	#		(in thousands)		#		(in thousands)
Commercial, financial & agricultural		-	$	-		-	$	-
Real estate – construction & development		2		30		1		317
Real estate – commercial & farmland		2		57		-		-
Real estate – residential		6		795		2		91
Consumer installment		1		1		1		2
Total		11	$	883		4	$	411

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, 2015 and 2014. 

	December 31, 2015				December 31, 2014
			Balance				Balance
Loan class:	#		(in thousands)		#		(in thousands)
Commercial, financial & agricultural		3	$	37		1	$	236
Real estate – construction & development		2		33		1		33
Real estate – commercial & farmland		3		624		2		570
Real estate – residential		20		1,493		6		314
Consumer installment		9		45		4		61
Total		37	$	2,232		14	$	1,214

Loans Excluding Purchased Non Covered And Covered Loan [Member]

Summary of Financial Receivable Nonaccrual Basis

The following table presents an analysis of loans accounted for on a nonaccrual basis, excluding purchased non-covered and covered loans:

	2015		2014
	(Dollars in Thousands)
Commercial, financial & agricultural	$	1,302	$	1,672
Real estate – construction & development		1,812		3,774
Real estate – commercial & farmland		7,019		8,141
Real estate – residential		6,278		7,663
Consumer installment loans		449		478
	$	16,860	$	21,728

Summary of Past Due Financial Receivables

The following table presents an analysis of loans, excluding purchased non-covered and covered past due loans as of December 31, 2015 and 2014.

	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
	(Dollars in Thousands)
As of December 31, 2015:
Commercial, financial & agricultural	$	568	$	271	$	835	$	1,674	$	447,949	$	449,623	$	-
Real estate – construction & development		1,413		261		1,739		3,413		241,280		244,693		-
Real estate – commercial & farmland		1,781		641		6,912		9,334		1,095,657		1,104,991		-
Real estate – residential		3,806		2,120		5,121		11,047		559,383		570,430		-
Consumer installment loans		374		188		238		800		30,325		31,125		-
Other		-		-		-		-		6,015		6,015		-
Total	$	7,942	$	3,481	$	14,845	$	26,268	$	2,380,609	$	2,406,877	$	-

	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
	(Dollars in Thousands)
As of December 31, 2014:
Commercial, financial & agricultural	$	900	$	233	$	1,577	$	2,710	$	316,944	$	319,654	$	-
Real estate – construction & development		1,382		286		3,367		5,035		156,472		161,507		-
Real estate – commercial & farmland		2,859		635		7,668		11,162		896,362		907,524		-
Real estate – residential		3,953		2,334		6,755		13,042		443,064		456,106		-
Consumer installment loans		634		158		366		1,158		29,624		30,782		1
Other		-		-		-		-		14,308		14,308		-
Total	$	9,728	$	3,646	$	19,733	$	33,107	$	1,856,774	$	1,889,881	$	1

Summary of Impaired Financial Receivables

The following is a summary of information pertaining to impaired loans, excluding purchased non-covered and covered loans:

	As of and For the Years Ended December 31,
	2015		2014		2013
	(Dollars in Thousands)
Nonaccrual loans	$	16,860	$	21,728	$	29,203
Troubled debt restructurings not included above		14,418		12,759		17,214
Total impaired loans	$	31,278	$	34,487	$	46,417
Interest income recognized on impaired loans	$	909	$	1,991	$	1,938
Foregone interest income on impaired loans	$	1,204	$	1,491	$	1,784

The following table presents an analysis of information pertaining to impaired loans, excluding purchased non-covered and covered loans as of December 31, 2015 and 2014. 

	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment
	(Dollars in Thousands)
As of December 31, 2015:
Commercial, financial & agricultural	$	3,062	$	158	$	1,385	$	1,543	$	135	$	2,275
Real estate – construction & development		3,581		230		2,374		2,604		774		3,228
Real estate – commercial & farmland		14,385		6,702		6,083		12,785		1,067		15,105
Real estate – residential		15,809		1,621		12,230		13,851		2,224		11,977
Consumer installment loans		592		-		495		495		9		488
Total	$	37,429	$	8,711	$	22,567	$	31,278	$	4,209	$	33,073

	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment
	(Dollars in Thousands)
As of December 31, 2014:
Commercial, financial & agricultural	$	3,387	$	6	$	1,956	$	1,962	$	395	$	3,021
Real estate – construction & development		8,325		448		4,005		4,453		771		5,368
Real estate – commercial & farmland		17,514		4,967		9,651		14,618		1,859		15,972
Real estate – residential		15,571		3,514		9,407		12,921		974		16,317
Consumer installment loans		618		-		533		533		9		519
Total	$	45,415	$	8,935	$	25,552	$	34,487	$	4,008	$	41,197

Summary of Troubled Debt Restructurings by Loan Class

The following table presents the loans by class modified as troubled debt restructurings, excluding purchased non-covered and covered loans, which occurred during the year ending December 31, 2015 and 2014. 

	December 31, 2015				December 31, 2014
			Balance				Balance
Loan class:	#		(in thousands)		#		(in thousands)
Commercial, financial & agricultural		7	$	80		6	$	100
Real estate – construction & development		2		15		5		264
Real estate – commercial & farmland		2		2,121		5		1,082
Real estate – residential		33		4,992		20		1,309
Consumer installment		16		61		16		67
Total		60	$	7,269		52	$	2,822

Financing Receivable Troubled Debt Restructuring [Member]

Summary of Financial Receivable Nonaccrual Basis

The following table presents the covered loans by class modified as troubled debt restructurings, which occurred during the year ending December 31, 2015 and 2014. 

	December 31, 2015				December 31, 2014
			Balance				Balance
Loan class:	#		(in thousands)		#		(in thousands)
Commercial, financial & agricultural		1	$	1		-	$	-
Real estate – construction & development		3		334		1		-
Real estate – commercial & farmland		3		1,099		7		2,489
Real estate – residential		23		745		23		1,838
Consumer installment		1		8		-		-
Total		31	$	2,187		31	$	4,327

Covered Loans [Member]

Summary of Financial Receivable Nonaccrual Basis

The following table presents an analysis of covered loans accounted for on a nonaccrual basis:

	2015		2014
	(Dollars in Thousands)
Commercial, financial & agricultural	$	2,803	$	8,541
Real estate – construction & development		1,701		7,601
Real estate – commercial & farmland		5,034		12,584
Real estate – residential		3,663		6,595
Consumer installment loans		37		91
	$	13,238	$	35,412

Summary of Past Due Financial Receivables

The following table presents an analysis of covered past due loans as of December 31, 2015 and 2014:

	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
	(Dollars in Thousands)
As of December 30, 2015:
Commercial, financial & agricultural	$	-	$	-	$	2,802	$	2,802	$	2,744	$	5,546	$	-
Real estate – construction & development		96		-		1,633		1,729		5,883		7,612		-
Real estate – commercial & farmland		170		205		3,064		3,439		67,787		71,226		-
Real estate – residential		2,155		1,001		2,658		5,814		47,224		53,038		-
Consumer installment loans		-		-		37		37		70		107		-
Total	$	2,421	$	1,206	$	10,194	$	13,821	$	123,708	$	137,529	$	-

	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
	(Dollars in Thousands)
As of December 31, 2014:
Commercial, financial & agricultural	$	451	$	136	$	1,878	$	2,465	$	19,002	$	21,467	$	-
Real estate – construction & development		238		226		6,703		7,167		16,280		23,447		-
Real estate – commercial & farmland		4,371		1,486		7,711		13,568		134,059		147,627		714
Real estate – residential		3,464		962		5,656		10,082		68,438		78,520		-
Consumer installment loans		10		-		91		101		117		218		-
Total	$	8,534	$	2,810	$	22,039	$	33,383	$	237,896	$	271,279	$	714

Summary of Impaired Financial Receivables

The following is a summary of information pertaining to impaired loans, excluding purchased non-covered and covered loans:

	As of and For the Years Ended December 31,
	2015		2014		2013
	(Dollars in Thousands)
Nonaccrual loans	$	16,860	$	21,728	$	29,203
Troubled debt restructurings not included above		14,418		12,759		17,214
Total impaired loans	$	31,278	$	34,487	$	46,417
Interest income recognized on impaired loans	$	909	$	1,991	$	1,938
Foregone interest income on impaired loans	$	1,204	$	1,491	$	1,784

The following table presents an analysis of information pertaining to impaired loans, excluding purchased non-covered and covered loans as of December 31, 2015 and 2014. 

	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment
	(Dollars in Thousands)
As of December 31, 2015:
Commercial, financial & agricultural	$	3,062	$	158	$	1,385	$	1,543	$	135	$	2,275
Real estate – construction & development		3,581		230		2,374		2,604		774		3,228
Real estate – commercial & farmland		14,385		6,702		6,083		12,785		1,067		15,105
Real estate – residential		15,809		1,621		12,230		13,851		2,224		11,977
Consumer installment loans		592		-		495		495		9		488
Total	$	37,429	$	8,711	$	22,567	$	31,278	$	4,209	$	33,073

	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment
	(Dollars in Thousands)
As of December 31, 2014:
Commercial, financial & agricultural	$	3,387	$	6	$	1,956	$	1,962	$	395	$	3,021
Real estate – construction & development		8,325		448		4,005		4,453		771		5,368
Real estate – commercial & farmland		17,514		4,967		9,651		14,618		1,859		15,972
Real estate – residential		15,571		3,514		9,407		12,921		974		16,317
Consumer installment loans		618		-		533		533		9		519
Total	$	45,415	$	8,935	$	25,552	$	34,487	$	4,008	$	41,197

Summary of Credit Quality Indicate Financial Receivable

The following table presents the loan portfolio, excluding purchased non-covered and covered loans, by risk grade as of December 31, 2015 and 2014.

As of December 31, 2015:

Risk Grade	Commercial, financial & agricultural		Real estate - construction & development		Real estate - commercial & farmland		Real estate -  residential		Consumer  installment  loans		Other		Total
	(Dollars in Thousands)
10	$	241,721	$	294	$	116	$	1,606	$	6,872	$	-	$	250,609
15		28,420		2,074		117,880		78,165		1,191		-		227,730
20		97,142		46,221		685,538		369,624		19,780		6,015		1,224,320
23		559		7,827		13,073		6,112		36		-		27,607
25		77,829		183,512		254,012		91,465		2,595		-		609,413
30		1,492		1,620		13,821		7,347		143		-		24,423
40		2,460		3,145		20,551		16,111		506		-		42,773
50		-		-		-		-		-		-		-
60		-		-		-		-		2		-		2
Total	$	449,623	$	244,693	$	1,104,991	$	570,430	$	31,125	$	6,015	$	2,406,877

As of December 31, 2014:

Risk Grade	Commercial, financial & agricultural		Real estate -  construction &  development		Real estate -  commercial &  farmland		Real estate -  residential		Consumer  installment  loans		Other		Total
	(Dollars in Thousands)
10	$	121,355	$	268	$	155	$	226	$	6,573	$	-	$	128,577
15		25,318		4,010		128,170		59,301		1,005		-		217,804
20		100,599		47,541		511,198		256,758		17,544		14,308		947,948
23		56		8,933		10,507		9,672		37		-		29,205
25		62,519		93,514		224,464		102,998		4,692		-		488,187
30		3,758		1,474		13,035		7,459		257		-		25,983
40		6,049		5,767		19,995		19,692		673		-		52,176
50		-		-		-		-		1		-		1
60		-		-		-		-		-		-		-
Total	$	319,654	$	161,507	$	907,524	$	456,106	$	30,782	$	14,308	$	1,889,881

Summary of Troubled Debt Restructurings by Loan Class

The following table presents the amount of troubled debt restructurings by loan class of covered loans, classified separately as accrual and non-accrual at December 31, 2015 and 2014.

As of December 31, 2015	Accruing Loans				Non-Accruing Loans
			Balance				Balance
Loan class:	#		(in thousands)		#		(in thousands)
Commercial, financial & agricultural		-	$	-		2	$	1
Real estate – construction & development		4		779		-		-
Real estate – commercial & farmland		4		1,967		3		1,067
Real estate – residential		97		10,529		26		1,116
Consumer installment		2		8		-		-
Total		107	$	13,283		31	$	2,184

As of December 31, 2014	Accruing Loans				Non-Accruing Loans
			Balance				Balance
Loan class:	#		(in thousands)		#		(in thousands)
Commercial, financial & agricultural		2	$	40		2	$	-
Real estate – construction & development		4		3,037		2		29
Real estate – commercial & farmland		14		8,079		5		1,082
Real estate – residential		96		11,460		8		831
Consumer installment		1		3		-		-
Total		117	$	22,619		17	$	1,942

Summary of Troubled Debt Restructuring by Loan Class, Classified Separately under Restructured Terms

The following table presents the troubled debt restructurings by class that defaulted (defined as 30 days past due) during the year ending December 31, 2015 and 2014.

 

	December 31, 2015				December 31, 2014
			Balance				Balance
Loan class:	#		(in thousands)		#		(in thousands)
Commercial, financial & agricultural		3	$	37		1	$	236
Real estate – construction & development		2		33		1		33
Real estate – commercial & farmland		3		624		2		570
Real estate – residential		20		1,493		6		314
Consumer installment		9		45		4		61
Total		37	$	2,232		14	$	1,214

Accrual And Non Accrual [Member] | Purchased Non Covered Loans [Member]

Summary of Troubled Debt Restructurings by Loan Class

The following table presents the amount of troubled debt restructurings by loan class of purchased non-covered loans, classified separately as accrual and non-accrual at December 31, 2015 and 2014.

As of December 31, 2015	Accruing Loans				Non-Accruing Loans
			Balance				Balance
Loan class:	#		(in thousands)		#		(in thousands)
Commercial, financial & agricultural		1	$	2		2	$	21
Real estate – construction & development		1		363		3		42
Real estate – commercial & farmland		14		6,214		3		412
Real estate – residential		13		2,789		4		180
Consumer installment		2		5		2		3
Total		31	$	9,373		14	$	658

As of December 31, 2014	Accruing Loans				Non-Accruing Loans
			Balance				Balance
Loan class:	#		(in thousands)		#		(in thousands)
Commercial, financial & agricultural		-	$	-		-	$	-
Real estate – construction & development		1		317		-		-
Real estate – commercial & farmland		1		346		-		-
Real estate – residential		6		547		1		25
Consumer installment		1		2		-		-
Total		9	$	1,212		1	$	25

Accrual And Non Accrual [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member]

Summary of Troubled Debt Restructurings by Loan Class

The following table presents the amount of troubled debt restructurings by loan class, excluding purchased non-covered and covered loans, classified separately as accrual and non-accrual at December 31, 2015 and 2014.

As of December 31, 2015	Accruing Loans				Non-Accruing Loans
			Balance				Balance
Loan class:	#		(in thousands)		#		(in thousands)
Commercial, financial & agricultural		4	$	240		10	$	110
Real estate – construction & development		11		792		3		63
Real estate – commercial & farmland		16		5,766		3		596
Real estate – residential		51		7,574		20		1,123
Consumer installment		12		46		23		94
Total		94	$	14,418		59	$	1,986

As of December 31, 2014	Accruing Loans				Non-Accruing Loans
			Balance				Balance
Loan class:	#		(in thousands)		#		(in thousands)
Commercial, financial & agricultural		6	$	290		2	$	13
Real estate – construction & development		9		679		5		228
Real estate – commercial & farmland		19		6,477		3		724
Real estate – residential		47		5,258		11		1,485
Consumer installment		11		55		11		73
Total		92	$	12,759		32	$	2,523