Loans (Tables)

9 Months Ended

Sep. 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)	September 30, 2013		December 31, 2012		September 30, 2012
Commercial, financial and agricultural	$	244,991	$	174,217	$	189,374
Real estate – construction and development		132,277		114,199		125,315
Real estate – commercial and farmland		799,149		732,322		713,240
Real estate – residential		355,920		346,480		343,332
Consumer installment		36,303		40,178		43,441
Other		20,627		43,239		25,160
	$	1,589,267	$	1,450,635	$	1,439,862

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)	September 30, 2013		December 31, 2012		September 30, 2012
Commercial, financial and agricultural	$	27,768	$	32,606	$	37,167
Real estate – construction and development		50,702		70,184		73,356
Real estate – commercial and farmland		237,086		278,506		298,903
Real estate – residential		101,146		125,056		135,154
Consumer installment		947		1,360		1,654
	$	417,649	$	507,712	$	546,234

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 September 30, 2013, December 31, 2012 and September 30, 2012:

As of September 30, 2013	Accruing Loans			Non-Accruing Loans
		Balance			Balance
Loan class:	#	(in thousands)		#	(in thousands)
Commercial, financial & agricultural	4	$	521	3	$	533
Real estate – construction & development	8		1,926	1		29
Real estate – commercial & farmland	16		6,693	3		1,858
Real estate – residential	35		7,871	7		704
Consumer installment	1		13	2		26
Total	64	$	17,024	16	$	3,150

As of December 31, 2012	Accruing Loans			Non-Accruing Loans
		Balance			Balance
Loan class:	#	(in thousands)		#	(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 September 30, 2012	Accruing Loans			Non-Accruing Loans
		Balance			Balance
Loan class:	#	(in thousands)		#	(in thousands)
Commercial, financial & agricultural	5	$	804	—	$	—
Real estate – construction & development	4		1,481	—		—
Real estate – commercial & farmland	15		9,540	1		2,770
Real estate – residential	27		8,068	2		620
Total	51	$	19,893	3	$	3,390

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 September 30, 2013, December 31, 2012 and September 30, 2012:

As of September 30, 2013	Loans Currently Paying Under Restructured Terms			Loans that have Defaulted Under Restructured Terms
		Balance			Balance
Loan class:	#	(in thousands)		#	(in thousands)
Commercial, financial & agricultural	3	$	508	4	$	546
Real estate – construction & development	6		1,881	3		74
Real estate – commercial & farmland	14		6,550	5		2,001
Real estate – residential	31		7,282	11		1,293
Consumer installment	2		37	1		2
Total	56	$	16,258	24	$	3,916

As of December 31, 2012	Loans Currently Paying Under Restructured Terms			Loans that have Defaulted Under Restructured Terms
		Balance			Balance
Loan class:	#	(in thousands)		#	(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 September 30, 2012	Loans Currently Paying Under Restructured Terms			Loans that have Defaulted Under Restructured Terms
		Balance			Balance
Loan class:	#	(in thousands)		#	(in thousands)
Commercial, financial & agricultural	5	$	804	—	$	—
Real estate – construction & development	4		1,481	—		—
Real estate – commercial & farmland	15		9,540	1		2,770
Real estate – residential	26		8,068	3		620
Total	50	$	19,893	4	$	3,390

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 September 30, 2013, December 31, 2012 and September 30, 2012:

As of September 30, 2013	Accruing Loans			Non-Accruing Loans
		Balance			Balance
Type of concession:	#	(in thousands)		#	(in thousands)
Forbearance of interest	9	$	2,135	2	$	101
Forgiveness of principal	3		1,479	1		145
Payment modification only	2		370	—		—
Rate reduction only	14		7,146	2		496
Rate reduction, forbearance of interest	18		2,878	10		2,379
Rate reduction, forbearance of principal	18		3,016	—		—
Rate reduction, payment modification	—		—	1		29
Total	64	$	17,024	16	$	3,150

As of December 31, 2012	Accruing Loans			Non-Accruing Loans
		Balance			Balance
Type of concession:	#	(in thousands)		#	(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 September 30, 2012	Accruing Loans			Non-Accruing Loans
		Balance			Balance
Type of concession:	#	(in thousands)		#	(in thousands)
Forbearance of interest	2	$	1,902	—	$	—
Forgiveness of principal	3		1,516	1		369
Payment modification only	2		1,292	1		251
Rate reduction only	10		5,889	—		—
Rate reduction, forbearance of interest	15		4,371	1		2,770
Rate reduction, forbearance of principal	18		4,874	—		—
Rate reduction, payment modification	1		49	—		—
Total	51	$	19,893	3	$	3,390

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 September 30, 2013, December 31, 2012 and September 30, 2012:

As of September 30, 2013	Accruing Loans			Non-Accruing Loans
		Balance			Balance
Collateral type:	#	(in thousands)		#	(in thousands)
Warehouse	3	$	1,065	1	$	176
Raw land	3		1,337	1		29
Agricultural land	2		380	—		—
Hotel & motel	3		2,219	—		—
Office	4		1,924	—		—
Retail, including strip centers	4		1,105	2		1,682
1-4 family residential	40		8,460	7		704
Life insurance policy	1		250	—		—
Automobile/equipment/inventory	3		36	4		509
Unsecured	1		248	1		50
Total	64	$	17,024	16	$	3,150

As of December 31, 2012	Accruing Loans			Non-Accruing Loans
		Balance			Balance
Collateral type:	#	(in thousands)		#	(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 September 30, 2012	Accruing Loans			Non-Accruing Loans
		Balance			Balance
Collateral type:	#	(in thousands)		#	(in thousands)
Warehouse	3	$	1,621	—	$	—
Raw land	2		1,349	—		—
Hotel & motel	3		2,362	—		—
Office	2		1,503	1		2,770
Retail, including strip centers	7		4,054	—		—
1-4 family residential	30		8,216	2		620
Inventory	1		450	—		—
Equipment	1		38	—		—
Unsecured	2		300	—		—
Total	51	$	19,893	3	$	3,390

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 nine months ended September 30, 2013, the year ended December 31, 2012 and the nine months ended September 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		1,011			2,127			2,632			2,966			11			8,747
Loans charged off		(1,216	)		(1,598	)		(2,873	)		(3,430	)		(576	)		(9,693	)
Recoveries of loans previously charged off		340			88			18			520			241			1,207
Balance, September 30, 2013	$	2,574		$	5,960		$	8,934		$	5,954		$	432		$	23,854
Period-end amount allocated to:
Loans individually evaluated for impairment	$	741		$	682		$	1,997		$	1,429		$	—		$	4,849
Loans collectively evaluated for impairment		1,833			5,278			6,937			4,525			432			19,005
Ending balance	$	2,574		$	5,960		$	8,934		$	5,954		$	432		$	23,854
Loans:
Individually evaluated for impairment	$	3,657		$	3,524		$	14,605		$	16,919		$	—		$	38,705
Collectively evaluated for impairment		241,334			128,753			784,544			339,001			56,930			1,550,562
Ending balance	$	244,991		$	132,277		$	799,149		$	355,920		$	56,930		$	1,589,267

	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		677			4,954			13,087			4,936			706			24,360
Loans charged off		(889	)		(7,819	)		(18,199	)		(6,642	)		(618	)		(34,167	)
Recoveries of loans previously charged off		101			23			32			199			197			552
Balance, September 30, 2012	$	2,807		$	6,596		$	9,146		$	6,621		$	731		$	25,901
Period-end amount allocated to:
Loans individually evaluated for impairment	$	610		$	526		$	2,315		$	2,105		$	—		$	5,556
Loans collectively evaluated for impairment		2,197			6,070			6,831			4,516			731			20,345
Ending balance	$	2,807		$	6,596		$	9,146		$	6,621		$	731		$	25,901
Loans:
Individually evaluated for impairment	$	2,748		$	5,510		$	21,552		$	15,178		$	—		$	44,988
Collectively evaluated for impairment		186,626			119,805			691,688			328,154			68,601			1,394,874
Ending balance	$	189,374		$	125,315		$	713,240		$	343,332		$	68,601		$	1,439,862

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)	September 30, 2013		December 31, 2012		September 30, 2012
Commercial, financial and agricultural	$	4,198	$	4,138	$	4,285
Real estate – construction and development		4,229		9,281		8,201
Real estate – commercial and farmland		9,548		11,962		11,408
Real estate – residential		13,303		12,595		13,236
Consumer installment		442		909		1,095
	$	31,720	$	38,885	$	38,225

Summary of Past Due Financial Receivables

The following table presents an aging analysis of non-covered loans as of September 30, 2013, December 31, 2012 and September 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 September 30, 2013:
Commercial, financial & agricultural	$	623	$	297	$	4,107	$	5,027	$	239,964	$	244,991	$	—
Real estate – construction & development		1,200		794		4,229		6,223		126,054		132,277		—
Real estate – commercial & farmland		3,883		2,458		9,523		15,864		783,285		799,149		—
Real estate – residential		5,515		3,531		11,818		20,864		335,056		355,920		—
Consumer installment loans		497		255		327		1,079		35,224		36,303		—
Other		—		—		—		—		20,627		20,627		—
Total	$	11,718	$	7,335	$	30,004	$	49,057	$	1,540,210	$	1,589,267	$	—

	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 September 30, 2012:
Commercial, financial & agricultural	$	1,192	$	639	$	3,786	$	5,617	$	183,757	$	189,374	$	—
Real estate – construction & development		518		152		8,180		8,850		116,465		125,315		—
Real estate – commercial & farmland		3,507		812		11,402		15,721		697,519		713,240		—
Real estate – residential		7,200		2,346		12,372		21,918		321,414		343,332		—
Consumer installment loans		687		284		993		1,964		41,477		43,441		—
Other		—		—		—		—		25,160		25,160		—
Total	$	13,104	$	4,233	$	36,733	$	54,070	$	1,385,792	$	1,439,862	$	—

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
	September 30, 2013		December 31, 2012		September 30, 2012
	(Dollars in Thousands)
Nonaccrual loans	$	31,720	$	38,885	$	38,225
Troubled debt restructurings not included above		17,024		18,744		19,893
Total impaired loans	$	48,744	$	57,629	$	58,118
Impaired loans not requiring a related allowance	$	—	$	—	$	—
Impaired loans requiring a related allowance	$	48,744	$	57,629	$	58,118
Allowance related to impaired loans	$	5,180	$	5,115	$	7,681
Average investment in impaired loans	$	53,047	$	70,209	$	73,353
Interest income recognized on impaired loans	$	468	$	495	$	376
Foregone interest income on impaired loans	$	388	$	718	$	491

The following table presents an analysis of information pertaining to non-covered impaired loans as of September 30, 2013, December 31, 2012 and September 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 September 30, 2013:
Commercial, financial & agricultural	$	7,401	$	—	$	4,719	$	4,719	$	820	$	4,900
Real estate – construction & development		14,299		—		6,155		6,155		821		8,960
Real estate – commercial & farmland		18,628		—		16,241		16,241		1,999		18,079
Real estate – residential		24,701		—		21,174		21,174		1,530		20,427
Consumer installment loans		565		—		455		455		10		681
Total	$	65,594	$	—	$	48,744	$	48,744	$	5,180	$	53,047

	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 September 30, 2012:
Commercial, financial & agricultural	$	8,261	$	—	$	5,089	$	5,089	$	876	$	4,974
Real estate – construction & development		19,583		—		9,682		9,682		1,253		11,879
Real estate – commercial & farmland		25,346		—		20,948		20,948		2,907		33,070
Real estate – residential		24,993		—		21,304		21,304		2,616		22,303
Consumer installment loans		1,220		—		1,095		1,095		29		1,127
Total	$	79,403	$	—	$	58,118	$	58,118	$	7,681	$	73,353

Summary of Credit Quality Indicate Financial Receivable

The following table presents the non-covered loan portfolio by risk grade as of September 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	$	65,033	$	—	$	278	$	420	$	7,028	$	—	$	72,759
15		20,668		5,080		147,355		56,464		1,243		—		230,810
20		89,216		37,765		421,669		142,186		19,691		20,627		731,154
23		97		7,085		10,054		13,275		218		—		30,729
25		60,407		72,942		183,371		109,604		7,034		—		433,358
30		3,019		2,264		12,089		11,427		153		—		28,952
40		6,326		7,141		24,333		22,534		936		—		61,270
50		225		—		—		10		—		—		235
60		—		—		—		—		—		—		—
Total	$	244,991	$	132,277	$	799,149	$	355,920	$	36,303	$	20,627	$	1,589,267

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 September 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	$	26,291	$	—	$	220	$	411	$	7,887	$	—	$	34,809
15		11,816		4,532		152,678		74,040		1,400		—		244,466
20		80,681		33,603		324,270		105,531		23,038		25,160		592,283
23		5		7,667		8,773		13,650		81		—		30,176
25		62,377		59,013		184,146		113,560		8,502		—		427,598
30		1,508		7,948		14,742		10,535		745		—		35,478
40		6,436		12,396		28,411		25,583		1,780		—		74,606
50		260		156		—		22		8		—		446
60		—		—		—		—		—		—		—
Total	$	189,374	$	125,315	$	713,240	$	343,332	$	43,441	$	25,160	$	1,439,862

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)	September 30, 2013		December 31, 2012		September 30, 2012
Commercial, financial and agricultural	$	7,872	$	10,765	$	11,938
Real estate – construction and development		16,582		20,027		21,971
Real estate – commercial and farmland		37,079		55,946		58,377
Real estate – residential		13,028		28,672		31,189
Consumer installment		350		302		426
	$	74,911	$	115,712	$	123,901

Summary of Past Due Financial Receivables

The following table presents an aging analysis of covered loans as of September 30, 2013, December 31, 2012 and September 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 September 30, 2013:
Commercial, financial & agricultural	$	319	$	50	$	6,695	$	7,064	$	20,704	$	27,768	$	—
Real estate – construction & development		2,831		658		15,781		19,270		31,432		50,702		266
Real estate – commercial & farmland		7,365		5,350		30,503		43,218		193,868		237,086		568
Real estate – residential		2,980		1,727		11,078		15,785		85,361		101,146		823
Consumer installment loans		49		—		311		360		587		947		—
Total	$	13,544	$	7,785	$	64,368	$	85,697	$	331,952	$	417,649	$	1,657

	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 September 30, 2012:
Commercial, financial & agricultural	$	1,384	$	788	$	11,315	$	13,487	$	23,680	$	37,167	$	—
Real estate – construction & development		3,611		1,663		22,194		27,468		45,888		73,356		2,312
Real estate – commercial & farmland		7,072		6,559		51,382		65,013		233,890		298,903		808
Real estate – residential		4,702		3,349		28,559		36,610		98,544		135,154		1,018
Consumer installment loans		56		92		255		403		1,251		1,654		—
Total	$	16,825	$	12,451	$	113,705	$	142,981	$	403,253	$	546,234	$	4,138

Summary of Impaired Financial Receivables

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

	As of and For the Period Ended
	September 30, 2013		December 31, 2012		September 30, 2012
	(Dollars in Thousands)
Nonaccrual loans	$	74,911	$	115,712	$	123,901
Troubled debt restructurings not included above		21,184		19,194		25,926
Total impaired loans	$	96,095	$	134,906	$	149,827
Impaired loans not requiring a related allowance	$	96,095	$	134,906	$	149,827
Impaired loans requiring a related allowance	$	—	$	—	$	—
Allowance related to impaired loans	$	—	$	—	$	—
Average investment in impaired loans	$	115,689	$	163,825	$	171,055
Interest income recognized on impaired loans	$	793	$	849	$	1,319
Foregone interest income on impaired loans	$	286	$	491	$	554

The following table presents an analysis of information pertaining to impaired covered loans as of September 30, 2013, December 31, 2012 and September 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 September 30, 2013:
Commercial, financial & agricultural	$	10,645	$	7,884	$	—	$	7,884	$	—	$	9,052
Real estate – construction & development		25,401		20,890		—		20,890		—		22,734
Real estate – commercial & farmland		51,105		43,279		—		43,279		—		54,292
Real estate – residential		28,078		23,692		—		23,692		—		29,316
Consumer installment loans		404		350		—		350		—		295
Total	$	115,633	$	96,095	$	—	$	96,095	$	—	$	115,689

	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 September 30, 2012:
Commercial, financial & agricultural	$	17,833	$	11,976	$	—	$	11,976	$	—	$	12,932
Real estate – construction & development		34,787		23,833		—		23,833		—		31,653
Real estate – commercial & farmland		98,909		72,802		—		72,802		—		82,430
Real estate – residential		54,020		40,790		—		40,790		—		43,492
Consumer installment loans		890		426		—		426		—		548
Total	$	206,439	$	149,827	$	—	$	149,827	$	—	$	171,055

Summary of Credit Quality Indicate Financial Receivable

The following table presents the covered loan portfolio by risk grade as of September 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		—		22		1,098		641		—		—		1,761
20		2,697		11,347		34,252		22,545		208		—		71,049
23		135		1,080		16,708		2,902		51		—		20,876
25		7,609		7,360		108,886		39,632		250		—		163,737
30		1,485		5,505		24,790		9,196		14		—		40,990
40		15,842		25,388		51,352		26,230		424		—		119,236
50		—		—		—		—		—		—		—
60		—		—		—		—		—		—		—
Total	$	27,768	$	50,702	$	237,086	$	101,146	$	947	$	—	$	417,649

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 September 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	$	—	$	8	$	—	$	853	$	—	$	—	$	861
15		91		44		1,673		708		—		—		2,516
20		4,970		13,950		40,912		34,397		319		—		94,548
23		30		1,226		4,638		1,889		—		—		7,783
25		11,986		18,921		130,155		44,999		721		—		206,782
30		4,063		7,494		35,764		9,016		64		—		56,401
40		16,027		31,713		85,761		43,292		550		—		177,343
50		—		—		—		—		—		—		—
60		—		—		—		—		—		—		—
Total	$	37,167	$	73,356	$	298,903	$	135,154	$	1,654	$	—	$	546,234