Loans (Tables)

6 Months Ended

Jun. 30, 2013

Schedule of Accounts Notes Loans and Financial Receivables

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

(Dollars in Thousands)	June 30, 2013		December 31, 2012		June 30, 2012
Commercial, financial and agricultural	$	208,424	$	174,217	$	174,903
Real estate – construction and development		134,607		114,199		124,556
Real estate – commercial and farmland		788,654		732,322		675,404
Real estate – residential		357,685		346,480		332,124
Consumer installment		36,923		40,178		41,431
Other		29,534		43,239		17,071
	$	1,555,827	$	1,450,635	$	1,365,489

Summary of Covered Loans According to Loan Type

Covered loans are shown below according to loan type as of the end of the periods shown:

(Dollars in Thousands)	June 30, 2013		December 31, 2012		June 30, 2012
Commercial, financial and agricultural	$	27,371	$	32,606	$	41,372
Real estate – construction and development		52,972		70,184		83,991
Real estate – commercial and farmland		255,102		278,506		322,393
Real estate – residential		107,107		125,056		150,683
Consumer installment		965		1,360		3,298
	$	443,517	$	507,712	$	601,737

Summary of Trouble Debt Restructuring by Loan Class

The following table presents the amount of troubled debt restructurings by loan class, classified separately as accrual and non-accrual at June 30, 2013, December 31, 2012 and June 30, 2012:

As of June 30, 2013	Accruing Loans				Non-Accruing Loans
Loan class:	#		Balance (in  thousands)		#		Balance (in  thousands)
Commercial, financial & agricultural		7	$	1,059		—	$	—
Real estate – construction & development		7		1,946		1		29
Real estate – commercial & farmland		16		7,529		2		1,493
Real estate – residential		30		7,468		6		1,046
Consumer installment		1		13		—		—
Total		61	$	18,015		9	$	2,568

As of December 31, 2012	Accruing Loans				Non-Accruing Loans
Loan class:	#		Balance (in  thousands)		#		Balance (in  thousands)
Commercial, financial & agricultural		5	$	802		—	$	—
Real estate – construction & development		5		1,735		—		—
Real estate – commercial & farmland		16		8,947		3		4,149
Real estate – residential		28		7,254		2		1,022
Consumer installment		1		6		—		—
Total		55	$	18,744		5	$	5,171

As of June 30, 2012	Accruing Loans				Non-Accruing Loans
Loan class:	#		Balance (in  thousands)		#		Balance (in  thousands)
Commercial, financial & agricultural		—	$	—		1	$	18
Real estate – construction & development		5		1,205		2		1,124
Real estate – commercial & farmland		16		13,293		2		2,815
Real estate – residential		24		8,472		5		1,213
Total		45	$	22,970		10	$	5,170

Summary of Troubled Debt Restructuring by Loan Class

The following table presents the amount of troubled debt restructurings by loan class, classified separately as those currently paying under restructured terms and those that have defaulted under restructured terms at June 30, 2013, December 31, 2012 and June 30, 2012:

As of June 30, 2013	Loans Currently Paying Under Restructured Terms				Loans that have Defaulted Under Restructured Terms
Loan class:	#		Balance (in  thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		7	$	1,059		—	$	—
Real estate – construction & development		7		1,946		1		29
Real estate – commercial & farmland		16		7,529		2		1,493
Real estate – residential		31		7,788		5		726
Consumer installment		1		13		—		—
Total		62	$	18,335		8	$	2,248

As of December 31, 2012	Loans Currently Paying Under Restructured Terms				Loans that have Defaulted Under Restructured Terms
Loan class:	#		Balance (in  thousands)		#		Balance (in  thousands)
Commercial, financial & agricultural		5	$	802		—	$	—
Real estate – construction & development		5		1,735		—		—
Real estate – commercial & farmland		16		8,947		3		4,149
Real estate – residential		28		7,254		2		1,022
Consumer installment		—		—		1		6
Total		54	$	18,738		6	$	5,177

As of June 30, 2012	Loans Currently Paying Under Restructured Terms				Loans that have Defaulted Under Restructured Terms
Loan class:	#		Balance (in  thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		1	$	18		—	$	—
Real estate – construction & development		6		2,305		1		24
Real estate – commercial & farmland		18		16,108		—		—
Real estate – residential		25		8,529		4		1,156
Total		50	$	26,960		5	$	1,180

Summary of Troubled Debt Restructuring by Concessions Made Types

The following table presents the amount of troubled debt restructurings by types of concessions made, classified separately as accrual and non-accrual at June 30, 2013, December 31, 2012 and June 30, 2012:

As of June 30, 2013	Accruing Loans				Non-Accruing Loans
Type of concession:	#		Balance (in  thousands)		#		Balance (in  thousands)
Forbearance of interest		9	$	2,168		2	$	105
Forgiveness of principal		3		1,493		1		145
Payment modification only		2		373		—		—
Rate reduction only		12		6,924		2		496
Rate reduction, forbearance of interest		18		4,724		1		222
Rate reduction, forbearance of principal		17		2,333		2		1,571
Rate reduction, payment modification		—		—		1		29
Total		61	$	18,015		9	$	2,568

As of December 31, 2012	Accruing Loans				Non-Accruing Loans
Type of concession:	#		Balance (in  thousands)		#		Balance (in  thousands)
Forbearance of interest		2	$	1,873		—	$	—
Forgiveness of principal		3		1,518		1		372
Payment modification only		2		376		—		—
Rate reduction only		11		7,075		1		177
Rate reduction, forbearance of interest		18		4,061		2		3,420
Rate reduction, forbearance of principal		18		3,798		—		—
Rate reduction, payment modification		1		43		1		1,202
Total		55	$	18,744		5	$	5,171

As of June 30, 2012	Accruing Loans				Non-Accruing Loans
Type of concession:	#		Balance (in  thousands)		#		Balance (in  thousands)
Forbearance of interest		3	$	2,092		—	$	—
Forgiveness of principal		4		1,897		—		—
Payment modification only		1		91		1		251
Rate reduction only		8		6,141		4		929
Rate reduction, forbearance of interest		12		8,292		4		2,891
Rate reduction, forbearance of principal		16		4,401		1		1,099
Rate reduction, payment modification		1		56		—		—
Total		45	$	22,970		10	$	5,170

Summary of Troubled Debt Restructurings by Collateral Types

The following table presents the amount of troubled debt restructurings by collateral types, classified separately as accrual and non-accrual at June 30, 2013, December 31, 2012 and June 30, 2012:

As of June 30, 2013	Accruing Loans				Non-Accruing Loans
Collateral type:	#		Balance (in  thousands)		#		Balance (in  thousands)
Warehouse		2	$	345		2	$	1,493
Raw land		3		1,354		1		29
Agricultural land		1		66		—		—
Hotel & motel		3		2,233		—		—
Office		4		2,085		—		—
Retail, including strip centers		6		2,800		—		—
1-4 family residential		34		8,061		6		1,046
Life insurance policy		1		249		—		—
Automobile/equipment/inventory		5		522		—		—
Unsecured		2		300		—		—
Total		61	$	18,015		9	$	2,568

As of December 31, 2012	Accruing Loans				Non-Accruing Loans
Collateral type:	#		Balance (in  thousands)		#		Balance (in  thousands)
Warehouse		3	$	1,692		1	$	177
Raw land		2		1,337		—		—
Hotel & motel		3		2,318		—		—
Office		4		2,105		1		2,770
Retail, including strip centers		6		2,833		1		1,202
1-4 family residential		31		7,651		2		1,022
Life insurance policy		1		250		—		—
Automobile/equipment/inventory		4		508		—		—
Unsecured		1		50		—		—
Total		55	$	18,744		5	$	5,171

As of June 30, 2012	Accruing Loans				Non-Accruing Loans
Collateral type:	#		Balance (in  thousands)		#		Balance (in  thousands)
Warehouse		1	$	1,341		—	$	—
Raw land		5		2,878		—		—
Hotel & motel		3		2,406		—		—
Office		2		1,513		1		2,770
Retail, including strip centers		8		6,228		1		45
1-4 family residential		26		8,604		8		2,355
Total		45	$	22,970		10	$	5,170

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 six months ended June 30, 2013, the year ended December 31, 2012 and the six months ended June 30, 2012. 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			Total
	(Dollars in Thousands)
Balance, January 1, 2013	$	2,439		$	5,343		$	9,157		$	5,898		$	756		$	23,593
Provision for loan losses		1,118			1,526			1,420			2,340			(106	)		6,298
Loans charged off		(734	)		(1,231	)		(1,793	)		(2,107	)		(371	)		(6,236	)
Recoveries of loans previously charged off		128			4			13			229			188			562
Balance, June 31, 2013	$	2,951		$	5,642		$	8,797		$	6,360		$	467		$	24,217
Period-end amount allocated to:
Loans individually evaluated for impairment	$	876		$	467		$	1,629		$	1,573		$	—		$	4,545
Loans collectively evaluated for impairment		2,075			5,175			7,168			4,787			467			19,672
Ending balance	$	2,951		$	5,642		$	8,797		$	6,360		$	467		$	24,217
Loans:
Individually evaluated for impairment	$	3,705		$	3,935		$	15,842		$	15,329		$	—		$	38,811
Collectively evaluated for impairment		204,719			130,672			772,812			342,356			66,457			1,517,016
Ending balance	$	208,424		$	134,607		$	788,654		$	357,685		$	66,457		$	1,555,827

	Commercial, financial & agricultural			Real estate - construction & development			Real estate - commercial & farmland			Real estate - residential			Consumer installment loans and Other			Total
	(Dollars in Thousands)
Balance, January 1, 2012	$	2,918		$	9,438		$	14,226		$	8,128		$	446		$	35,156
Provision for loan losses		815			5,245			15,000			6,267			1,124			28,451
Loans charged off		(1,451	)		(9,380	)		(20,551	)		(8,722	)		(1,059	)		(41,163	)
Recoveries of loans previously charged off		157			40			482			225			245			1,149
Balance, December 31, 2012	$	2,439		$	5,343		$	9,157		$	5,898		$	756		$	23,593
Period-end amount allocated to:
Loans individually evaluated for impairment	$	659		$	611		$	2,228		$	1,056		$	—		$	4,554
Loans collectively evaluated for impairment		1,780			4,732			6,929			4,842			756			19,039
Ending balance	$	2,439		$	5,343		$	9,157		$	5,898		$	756		$	23,593
Loans:
Individually evaluated for impairment	$	3,351		$	7,617		$	21,332		$	13,020		$	—		$	45,320
Collectively evaluated for impairment		170,866			106,582			710,990			333,460			83,417			1,405,315
Ending balance	$	174,217		$	114,199		$	732,322		$	346,480		$	83,417		$	1,450,635

	Commercial, financial & agricultural			Real estate - construction & development			Real estate - commercial & farmland			Real estate - residential			Consumer installment loans and Other			Total
	(Dollars in Thousands)
Balance, January 1, 2012	$	2,918		$	9,438		$	14,226		$	8,128		$	446		$	35,156
Provision for loan losses		425			1,795			11,153			3,751			1,546			18,670
Loans charged off		(654	)		(5,211	)		(17,484	)		(4,374	)		(352	)		(28,075	)
Recoveries of loans previously charged off		78			19			24			162			164			447
Balance, June 30, 2012	$	2,767		$	6,041		$	7,919		$	7,667		$	1,804		$	26,198
Period-end amount allocated to:
Loans individually evaluated for impairment	$	623		$	898		$	1,999		$	3,109		$	3		$	6,632
Loans collectively evaluated for impairment		2,144			5,143			5,920			4,558			1,801			19,566
Ending balance	$	2,767		$	6,041		$	7,919		$	7,667		$	1,804		$	26,198
Loans:
Individually evaluated for impairment	$	2,776		$	7,173		$	24,838		$	19,088		$	16		$	53,891
Collectively evaluated for impairment		172,127			117,383			650,566			313,036			58,486			1,311,598
Ending balance	$	174,903		$	124,556		$	675,404		$	332,124		$	58,502		$	1,365,489

Non-Covered Loan [Member]

Summary of Financial Receivable Nonaccrual Basis

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

(Dollars in Thousands)	June 30, 2013		December 31, 2012		June 30, 2012
Commercial, financial and agricultural	$	4,326	$	4,138	$	4,968
Real estate – construction and development		5,448		9,281		8,979
Real estate – commercial and farmland		8,963		11,962		13,728
Real estate – residential		12,423		12,595		15,542
Consumer installment		651		909		1,204
	$	31,811	$	38,885	$	44,421

Summary of Past Due Financial Receivables

The following table presents an aging analysis of non-covered loans as of June 30, 2013, December 31, 2012 and June 30, 2012.

	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 June 30, 2013:
Commercial, financial & agricultural	$	1,449	$	502	$	4,013	$	5,964	$	202,460	$	208,424	$	—
Real estate – construction & development		1,638		104		5,418		7,160		127,447		134,607		—
Real estate – commercial & farmland		5,392		1,580		5,333		12,305		776,349		788,654		—
Real estate – residential		4,735		5,256		11,745		21,736		335,949		357,685		—
Consumer installment loans		432		175		548		1,155		35,768		36,923		—
Other		—		—		—		—		29,534		29,534		—
Total	$	13,646	$	7,617	$	27,057	$	48,320	$	1,507,507	$	1,555,827	$	—

	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, 2012:
Commercial, financial & agricultural	$	258	$	312	$	3,969	$	4,539	$	169,678	$	174,217	$	—
Real estate – construction & development		347		332		8,969		9,648		104,551		114,199		—
Real estate – commercial & farmland		2,867		2,296		9,544		14,707		717,615		732,322		—
Real estate – residential		7,651		2,766		10,990		21,407		325,073		346,480		—
Consumer installment loans		702		391		815		1,908		38,270		40,178		—
Other		—		—		—		—		43,239		43,239		—
Total	$	11,825	$	6,097	$	34,287	$	52,209	$	1,398,426	$	1,450,635	$	—

	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 June 30, 2012:
Commercial, financial & agricultural	$	531	$	701	$	4,371	$	5,603	$	169,300	$	174,903	$	—
Real estate – construction & development		1,986		2,119		7,855		11,960		112,596		124,556		—
Real estate – commercial & farmland		5,282		6,930		8,597		20,809		654,595		675,404		—
Real estate – residential		5,665		3,885		14,782		24,332		307,792		332,124		—
Consumer installment loans		545		221		1,117		1,883		39,548		41,431		1
Other		—		—		—		—		17,071		17,071		—
Total	$	14,009	$	13,856	$	36,722	$	64,587	$	1,300,902	$	1,365,489	$	1

Summary of Impaired Financial Receivables

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

	As of and For the Period Ended
	June 30, 2013		December 31, 2012		June 30, 2012
	(Dollars in Thousands)
Nonaccrual loans	$	31,811	$	38,885	$	44,421
Troubled debt restructurings not included above		18,015		18,744		22,970
Total impaired loans	$	49,826	$	57,629	$	67,391
Impaired loans not requiring a related allowance	$	—	$	—	$	—
Impaired loans requiring a related allowance	$	49,826	$	57,629	$	67,391
Allowance related to impaired loans	$	5,072	$	5,115	$	7,136
Average investment in impaired loans	$	54,481	$	70,209	$	78,432
Interest income recognized on impaired loans	$	451	$	495	$	153
Foregone interest income on impaired loans	$	172	$	718	$	332

The following table presents an analysis of information pertaining to non-covered impaired loans as of June 30, 2013, December 31, 2012 and June 30, 2012.

	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 June 30, 2013:
Commercial, financial & agricultural	$	7,723	$	—	$	5,384	$	5,384	$	1,018	$	4,960
Real estate – construction & development		15,324		—		7,394		7,394		687		9,894
Real estate – commercial & farmland		19,759		—		16,491		16,491		1,657		18,692
Real estate – residential		23,373		—		19,893		19,893		1,692		20,178
Consumer installment loans		808		—		664		664		18		757
Total	$	66,987	$	—	$	49,826	$	49,826	$	5,072	$	54,481

	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, 2012:
Commercial, financial & agricultural	$	8,024	$	—	$	4,940	$	4,940	$	743	$	4,968
Real estate – construction & development		20,316		—		11,016		11,016		910		11,706
Real estate – commercial & farmland		25,076		—		20,910		20,910		2,191		30,638
Real estate – residential		24,155		—		19,848		19,848		1,246		21,813
Consumer installment loans		1,187		—		915		915		25		1,084
Total	$	78,758	$	—	$	57,629	$	57,629	$	5,115	$	70,209
	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 June 30, 2012:
Commercial, financial & agricultural	$	8,116	$	—	$	4,968	$	4,968	$	692	$	4,936
Real estate – construction & development		18,805		—		10,184		10,184		1,070		12,611
Real estate – commercial & farmland		32,265		—		27,021		27,021		2,081		37,111
Real estate – residential		27,069		—		24,014		24,014		3,254		22,637
Consumer installment loans		1,331		—		1,204		1,204		39		1,137
Total	$	87,586	$	—	$	67,391	$	67,391	$	7,136	$	78,432

Summary of Credit Quality Indicate Financial Receivable

The following table presents the non-covered loan portfolio by risk grade as of June 30, 2013.

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	$	37,173	$	—	$	298	$	498	$	6,883	$	—	$	44,852
15		17,783		4,934		154,369		63,078		1,527		—		241,691
20		82,636		36,654		402,677		137,518		19,586		29,534		708,605
23		108		6,878		9,575		13,104		165		—		29,830
25		60,981		75,273		189,109		110,244		7,497		—		443,104
30		3,154		3,183		12,104		10,666		159		—		29,266
40		5,991		7,685		20,522		22,577		1,104		—		57,879
50		598		—		—		—		—		—		598
60		—		—		—		—		2		—		2
Total	$	208,424	$	134,607	$	788,654	$	357,685	$	36,923	$	29,534	$	1,555,827

The following table presents the non-covered loan portfolio by risk grade as of December 31, 2012.

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	$	24,623	$	—	$	309	$	464	$	7,597	$	—	$	32,993
15		11,316		4,373		147,966		71,254		1,591		—		236,500
20		79,522		31,413		351,997		114,418		21,361		43,239		641,950
23		42		8,521		9,012		13,788		70		—		31,433
25		49,071		52,577		176,395		113,591		7,576		—		399,210
30		2,343		3,394		19,401		9,672		488		—		35,298
40		7,200		13,765		27,242		23,292		1,495		—		72,994
50		100		156		—		1		—		—		257
60		—		—		—		—		—		—		—
Total	$	174,217	$	114,199	$	732,322	$	346,480	$	40,178	$	43,239	$	1,450,635

The following table presents the non-covered loan portfolio by risk grade as of June 30, 2012.

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	$	20,395	$	17	$	230	$	414	$	7,226	$	—	$	28,282
15		11,909		3,628		158,608		75,752		1,260		—		251,157
20		79,985		39,077		287,874		93,018		23,537		17,071		540,562
23		—		6,691		9,578		13,839		23		—		30,131
25		54,072		57,266		170,342		109,269		7,035		—		397,984
30		1,404		4,018		17,870		12,461		554		—		36,307
40		7,137		13,703		30,902		27,306		1,776		—		80,824
50		1		156		—		65		20		—		242
60		—		—		—		—		—		—		—
Total	$	174,903	$	124,556	$	675,404	$	332,124	$	41,431	$	17,071	$	1,365,489

Covered Loans [Member]

Summary of Financial Receivable Nonaccrual Basis

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

(Dollars in Thousands)	June 30, 2013		December 31, 2012		June 30, 2012
Commercial, financial and agricultural	$	8,729	$	10,765	$	13,406
Real estate – construction and development		17,039		20,027		28,225
Real estate – commercial and farmland		47,427		55,946		71,271
Real estate – residential		15,459		28,672		37,669
Consumer installment		285		302		654
	$	88,939	$	115,712	$	151,225

Summary of Past Due Financial Receivables

The following table presents an aging analysis of covered loans as of June 30, 2013, December 31, 2012 and June 30, 2012.

	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 June 30, 2013:
Commercial, financial & agricultural	$	529	$	441	$	7,333	$	8,303	$	19,068	$	27,371	$	63
Real estate – construction & development		2,672		743		15,911		19,326		33,646		52,972		348
Real estate – commercial & farmland		4,020		3,929		41,250		49,199		205,903		255,102		636
Real estate – residential		6,283		772		12,155		19,210		87,897		107,107		60
Consumer installment loans		68		6		255		329		636		965		—
Total	$	13,572	$	5,891	$	76,904	$	96,367	$	347,150	$	443,517	$	1,107

	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, 2012:
Commercial, financial & agricultural	$	2,390	$	1,105	$	10,612	$	14,107	$	18,499	$	32,606	$	98
Real estate – construction & development		1,584		2,592		19,656		23,832		46,352		70,184		1,077
Real estate – commercial & farmland		11,451		7,373		52,570		71,394		207,112		278,506		1,347
Real estate – residential		6,066		3,396		24,976		34,438		90,618		125,056		779
Consumer installment loans		45		13		258		316		1,044		1,360		—
Total	$	21,536	$	14,479	$	108,072	$	144,087	$	363,625	$	507,712	$	3,301

	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 June 30, 2012:
Commercial, financial & agricultural	$	851	$	754	$	12,703	$	14,308	$	27,064	$	41,372	$	298
Real estate – construction & development		2,688		3,007		25,021		30,716		53,275		83,991		—
Real estate – commercial & farmland		12,452		7,656		60,879		80,987		241,406		322,393		891
Real estate – residential		5,366		3,180		31,607		40,153		110,530		150,683		78
Consumer installment loans		70		40		430		540		2,758		3,298		—
Total	$	21,427	$	14,637	$	130,640	$	166,704	$	435,033	$	601,737	$	1,267

Summary of Impaired Financial Receivables

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

	As of and For the Period Ended
	June 30, 2013		December 31, 2012		June 30, 2012
	(Dollars in Thousands)
Nonaccrual loans	$	88,939	$	115,712	$	151,225
Troubled debt restructurings not included above		22,709		19,194		14,842
Total impaired loans	$	111,648	$	134,906	$	166,067
Impaired loans not requiring a related allowance	$	111,648	$	134,906	$	166,067
Impaired loans requiring a related allowance	$	—	$	—	$	—
Allowance related to impaired loans	$	—	$	—	$	—
Average investment in impaired loans	$	122,220	$	163,825	$	178,130
Interest income recognized on impaired loans	$	784	$	849	$	628
Foregone interest income on impaired loans	$	242	$	491	$	482

The following table presents an analysis of information pertaining to impaired covered loans as of June 30, 2013, December 31, 2012 and June 30, 2012.

	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 June 30, 2013:
Commercial, financial & agricultural	$	12,150	$	8,769	$	—	$	8,769	$	—	$	9,442
Real estate – construction & development		28,494		22,830		—		22,830		—		23,348
Real estate – commercial & farmland		65,516		53,837		—		53,837		—		57,962
Real estate – residential		31,535		25,927		—		25,927		—		31,191
Consumer installment loans		340		285		—		285		—		277
Total	$	138,035	$	111,648	$	—	$	111,648	$	—	$	122,220
	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, 2012:
Commercial, financial & agricultural	$	27,060	$	10,802	$	—	$	10,802	$	—	$	12,506
Real estate – construction & development		85,279		23,236		—		23,236		—		29,970
Real estate – commercial & farmland		159,493		64,231		—		64,231		—		78,790
Real estate – residential		63,559		36,335		—		36,335		—		42,061
Consumer installment loans		393		302		—		302		—		498
Total	$	335,784	$	134,906	$	—	$	134,906	$	—	$	163,825
	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 June 30, 2012:
Commercial, financial & agricultural	$	22,616	$	13,464	$	—	$	13,464	$	—	$	13,250
Real estate – construction & development		46,439		30,586		—		30,586		—		34,260
Real estate – commercial & farmland		110,388		81,330		—		81,330		—		85,639
Real estate – residential		58,645		40,033		—		40,033		—		44,393
Consumer installment loans		1,034		654		—		654		—		588
Total	$	239,122	$	166,067	$	—	$	166,067	$	—	$	178,130

Covered Loans [Member]

Summary of Credit Quality Indicate Financial Receivable

The following table presents the covered loan portfolio by risk grade as of June 30, 2013.

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	$	—	$	—	$	—	$	—	$	—	$	—	$	—
15		—		27		1,571		634		—		—		2,232
20		2,815		10,533		36,360		25,277		231		—		75,216
23		69		1,666		11,323		2,671		—		—		15,729
25		8,469		11,574		118,867		41,408		348		—		180,666
30		1,999		3,505		26,144		9,175		25		—		40,848
40		14,019		25,667		60,837		27,942		361		—		128,826
50		—		—		—		—		—		—		—
60		—		—		—		—		—		—		—
Total	$	27,371	$	52,972	$	255,102	$	107,107	$	965	$	—	$	443,517

The following table presents the covered loan portfolio by risk grade as of December 31, 2012.

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	$	—	$	—	$	—	$	—	$	—	$	—	$	—
15		—		39		1,640		644		—		—		2,323
20		3,997		12,194		37,098		31,337		292		—		84,918
23		28		1,174		9,576		2,052		—		—		12,830
25		10,013		19,216		114,849		40,194		558		—		184,830
30		4,294		7,214		38,665		11,883		50		—		62,106
40		14,274		30,347		76,678		38,946		460		—		160,705
50		—		—		—		—		—		—		—
60		—		—		—		—		—		—		—
Total	$	32,606	$	70,184	$	278,506	$	125,056	$	1,360	$	—	$	507,712

The following table presents the covered loan portfolio by risk grade as of June 30, 2012.

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	$	172	$	9	$	—	$	857	$	412	$	—	$	1,450
15		115		47		1,717		560		10		—		2,449
20		5,963		15,440		37,729		38,108		745		—		97,985
23		11		1,602		3,784		1,840		—		—		7,237
25		13,545		19,814		139,886		49,254		1,254		—		223,753
30		4,544		9,843		38,306		10,873		89		—		63,655
40		17,017		37,236		100,971		49,080		788		—		205,092
50		5		—		—		111		—		—		116
60		—		—		—		—		—		—		—
Total	$	41,372	$	83,991	$	322,393	$	150,683	$	3,298	$	—	$	601,737