XML 80 R27.htm IDEA: XBRL DOCUMENT v2.4.0.6
LOANS AND LEASES (Tables)
 9 Months Ended
Sep. 30, 2012
LOANS AND LEASES  
Schedule of loans and leases, excluding loans held for sale

 

 

 

 

September 30,

 

December 31,

 

 

 

2012

 

2011

 

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

Commercial, financial and agricultural

 

$

211,424

 

$

180,571

 

Real estate:

 

 

 

 

 

Construction

 

104,277

 

161,126

 

Mortgage - residential

 

985,721

 

896,566

 

Mortgage - commercial

 

674,854

 

701,399

 

Consumer

 

123,420

 

108,810

 

Leases

 

12,150

 

17,702

 

 

 

2,111,846

 

2,066,174

 

Unearned income

 

(1,683

)

(1,727

)

Total loans and leases

 

$

2,110,163

 

$

2,064,447
Schedule of balance in the allowance for loan and lease losses and the recorded investment in loans and lease based on the impairment measurement methods, by class

 

 

 

 

Commercial,

 

Real estate

 

 

 

 

 

 

 

 

 

financial &
agricultural

 

Construction

 

Mortgage -
 residential

 

Mortgage -
 commercial

 

Consumer

 

Leases

 

Total

 

 

 

(Dollars in thousands)

 

September 30, 2012

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for loan and lease losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance attributable to loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated for impairment

 

$

937

 

$

1,582

 

$

311

 

$

237

 

$

—

 

$

13

 

$

3,080

 

Collectively evaluated for impairment

 

4,592

 

6,162

 

31,970

 

42,697

 

2,313

 

114

 

87,848

 

 

 

5,529

 

7,744

 

32,281

 

42,934

 

2,313

 

127

 

90,928

 

Unallocated

 

 

 

 

 

 

 

 

 

 

 

 

 

6,000

 

Total ending balance

 

$

5,529

 

$

7,744

 

$

32,281

 

$

42,934

 

$

2,313

 

$

127

 

$

96,928

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans and leases:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated for impairment

 

$

4,227

 

$

50,524

 

$

45,409

 

$

17,075

 

$

—

 

$

246

 

$

117,481

 

Collectively evaluated for impairment

 

207,197

 

53,753

 

940,312

 

657,779

 

123,420

 

11,904

 

1,994,365

 

 

 

211,424

 

104,277

 

985,721

 

674,854

 

123,420

 

12,150

 

2,111,846

 

Unearned income

 

(16

)

17

 

(351

)

(1,333

)

—

 

—

 

(1,683

)

Total ending balance

 

$

211,408

 

$

104,294

 

$

985,370

 

$

673,521

 

$

123,420

 

$

12,150

 

$

2,110,163

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2011

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for loan and lease losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance attributable to loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated for impairment

 

$

—

 

$

401

 

$

—

 

$

371

 

$

—

 

$

—

 

$

772

 

Collectively evaluated for impairment

 

6,110

 

28,229

 

32,736

 

47,358

 

2,335

 

553

 

117,321

 

 

 

6,110

 

28,630

 

32,736

 

47,729

 

2,335

 

553

 

118,093

 

Unallocated

 

 

 

 

 

 

 

 

 

 

 

 

 

4,000

 

Total ending balance

 

$

6,110

 

$

28,630

 

$

32,736

 

$

47,729

 

$

2,335

 

$

553

 

$

122,093

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans and leases:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated for impairment

 

$

1,367

 

$

62,569

 

$

50,221

 

$

18,451

 

$

—

 

$

—

 

$

132,608

 

Collectively evaluated for impairment

 

179,204

 

98,557

 

846,345

 

682,948

 

108,810

 

17,702

 

1,933,566

 

 

 

180,571

 

161,126

 

896,566

 

701,399

 

108,810

 

17,702

 

2,066,174

 

Unearned income

 

133

 

(63

)

(467

)

(1,330

)

—

 

—

 

(1,727

)

Total ending balance

 

$

180,704

 

$

161,063

 

$

896,099

 

$

700,069

 

$

108,810

 

$

17,702

 

$

2,064,447
Schedule of impaired loans, by class

 

 

 

 

Unpaid Principal
Balance

 

Recorded
Investment

 

Allowance
Allocated

 

 

 

(Dollars in thousands)

 

September 30, 2012

 

 

 

 

 

 

 

Impaired loans with no related allowance recorded:

 

 

 

 

 

 

 

Commercial, financial & agricultural

 

$

1,439

 

$

740

 

$

—

 

Real estate:

 

 

 

 

 

 

 

Construction

 

53,331

 

38,924

 

—

 

Mortgage - residential

 

49,884

 

43,906

 

—

 

Mortgage - commercial

 

18,196

 

16,838

 

—

 

Total impaired loans with no related allowance recorded

 

122,850

 

100,408

 

—

 

Impaired loans with an allowance recorded:

 

 

 

 

 

 

 

Commercial, financial & agricultural

 

4,862

 

3,487

 

937

 

Real estate:

 

 

 

 

 

 

 

Construction

 

13,678

 

11,600

 

1,582

 

Mortgage - residential

 

1,967

 

1,503

 

311

 

Mortgage - commercial

 

237

 

237

 

237

 

Leases

 

246

 

246

 

13

 

Total impaired loans with an allowance recorded

 

20,990

 

17,073

 

3,080

 

Total

 

$

143,840

 

$

117,481

 

$

3,080

 

 

 

 

 

 

 

 

 

December 31, 2011

 

 

 

 

 

 

 

Impaired loans with no related allowance recorded:

 

 

 

 

 

 

 

Commercial, financial & agricultural

 

$

2,107

 

$

1,367

 

$

—

 

Real estate:

 

 

 

 

 

 

 

Construction

 

80,283

 

47,877

 

—

 

Mortgage - residential

 

57,195

 

50,221

 

—

 

Mortgage - commercial

 

14,084

 

13,756

 

—

 

Total impaired loans with no related allowance recorded

 

153,669

 

113,221

 

—

 

Impaired loans with an allowance recorded:

 

 

 

 

 

 

 

Real estate:

 

 

 

 

 

 

 

Construction

 

24,262

 

14,692

 

401

 

Mortgage - commercial

 

6,188

 

4,695

 

371

 

Total impaired loans with an allowance recorded

 

30,450

 

19,387

 

772

 

Total

 

$

184,119

 

$

132,608

 

$

772
Schedule of average recorded investment and interest income recognized on impaired loans, by class

 

 

 

 

Three Months Ended September 30,

 

Nine Months Ended September 30,

 

 

 

2012

 

2011

 

2012

 

2011

 

 

 

Average
Recorded
Investment

 

Interest
Income
Recognized

 

Average
Recorded
Investment

 

Interest
Income
Recognized

 

Average
Recorded
Investment

 

Interest
Income
Recognized

 

Average
Recorded
Investment

 

Interest
Income
Recognized

 

 

 

(Dollars in thousands)

 

Commercial, financial & agricultural

 

$

3,956

 

$

1

 

$

331

 

$

—

 

$

3,304

 

$

30

 

$

407

 

$

—

 

Real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Construction

 

48,412

 

83

 

110,543

 

81

 

58,893

 

728

 

128,135

 

719

 

Mortgage - residential

 

46,036

 

120

 

59,309

 

370

 

48,418

 

298

 

59,449

 

575

 

Mortgage - commercial

 

17,994

 

162

 

20,615

 

(16

)

19,589

 

330

 

19,214

 

368

 

Leases

 

252

 

—

 

—

 

—

 

135

 

—

 

—

 

—

 

Total

 

$

116,650

 

$

366

 

$

190,798

 

$

435

 

$

130,339

 

$

1,386

 

$

207,205

 

$

1,662
Schedule of aging of the recorded investment in past due loans and leases, by class

 

 

 

 

Accruing Loans
30 - 59 Days Past
Due

 

Accruing Loans
60 - 89 Days Past
Due

 

Accruing
Loans Greater
than 90 Days
Past Due

 

Nonaccrual
Loans

 

Total Past Due
and Nonaccrual

 

Loans and
Leases Not Past
Due

 

Total

 

 

 

(Dollars in thousands)

 

September 30, 2012

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial, financial & agricultural

 

$

84

 

$

17

 

$

15

 

$

3,604

 

$

3,720

 

$

207,688

 

$

211,408

 

Real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Construction

 

—

 

—

 

—

 

45,166

 

45,166

 

59,128

 

104,294

 

Mortgage - residential

 

180

 

3,340

 

490

 

33,475

 

37,485

 

947,885

 

985,370

 

Mortgage - commercial

 

1,135

 

—

 

—

 

10,440

 

11,575

 

661,946

 

673,521

 

Consumer

 

341

 

85

 

7

 

—

 

433

 

122,987

 

123,420

 

Leases

 

—

 

—

 

27

 

246

 

273

 

11,877

 

12,150

 

Total

 

$

1,740

 

$

3,442

 

$

539

 

$

92,931

 

$

98,652

 

$

2,011,511

 

$

2,110,163

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2011

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial, financial & agricultural

 

$

180

 

$

80

 

$

—

 

$

1,367

 

$

1,627

 

$

179,077

 

$

180,704

 

Real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Construction

 

—

 

442

 

—

 

57,351

 

57,793

 

103,270

 

161,063

 

Mortgage - residential

 

2,972

 

631

 

—

 

47,128

 

50,731

 

845,368

 

896,099

 

Mortgage - commercial

 

602

 

—

 

—

 

15,653

 

16,255

 

683,814

 

700,069

 

Consumer

 

390

 

79

 

28

 

—

 

497

 

108,313

 

108,810

 

Leases

 

28

 

—

 

—

 

—

 

28

 

17,674

 

17,702

 

Total

 

$

4,172

 

$

1,232

 

$

28

 

$

121,499

 

$

126,931

 

$

1,937,516

 

$

2,064,447
Schedule of information related to loans modifications in a TDR, by class

 

 

 

 

Number of
Contracts

 

Recorded
Investment (as of
period end)

 

Additional
Partial
Charge-offs

 

 

 

(Dollars in thousands)

 

Three months ended September 30, 2012

 

 

 

 

 

 

 

Commercial, financial & agricultural

 

1

 

$

457

 

$

—

 

Real estate:

 

 

 

 

 

 

 

Construction

 

4

 

9,838

 

—

 

Mortgage - residential

 

3

 

1,226

 

155

 

Total

 

8

 

$

11,521

 

$

155

 

 

 

 

 

 

 

 

 

Three months ended September 30, 2011

 

 

 

 

 

 

 

Real estate:

 

 

 

 

 

 

 

Mortgage - residential

 

9

 

$

2,954

 

$

—

 

 

 

 

 

 

 

 

 

Nine months ended September 30, 2012

 

 

 

 

 

 

 

Commercial, financial & agricultural

 

4

 

$

624

 

$

—

 

Real estate:

 

 

 

 

 

 

 

Construction

 

8

 

11,377

 

—

 

Mortgage - residential

 

10

 

4,258

 

—

 

Mortgage - commercial

 

4

 

9,623

 

—

 

Total

 

26

 

$

25,882

 

$

—

 

 

 

 

 

 

 

 

 

Nine months ended September 30, 2011

 

 

 

 

 

 

 

Real estate:

 

 

 

 

 

 

 

Construction

 

2

 

$

10,593

 

$

3,014

 

Mortgage - residential

 

26

 

9,635

 

447

 

Total

 

28

 

$

20,228

 

$

3,461
Schedule of loans modified as a TDR within the previous twelve months that subsequently defaulted, by class

 

 

 

 

Three Months Ended September 30,

 

Nine Months Ended September 30,

 

 

 

2012

 

2011

 

2012

 

2011

 

 

 

Number of
Contracts

 

Recorded
Investment
(as of period
end)

 

Number of
Contracts

 

Recorded
Investment
(as of period
end)

 

Number of
Contracts

 

Recorded
Investment
as of period
end)

 

Number of
Contracts

 

Recorded
Investment
as of period
end)

 

 

 

(Dollars in thousands)

 

Real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Construction

 

3

 

$

4,668

 

—

 

$

—

 

7

 

$

6,207

 

1

 

$

5,332

 

Mortgage - residential

 

1

 

93

 

1

 

347

 

4

 

878

 

37

 

13,503

 

Mortgage - commercial

 

 

 

 

 

—

 

—

 

2

 

6,212

 

—

 

—

 

Total

 

4

 

$

4,761

 

1

 

$

347

 

13

 

$

13,297

 

38

 

$

18,835
Schedule of recorded investment in the loans and leases, by class and credit indicator

 

 

 

 

Pass

 

Special
Mention

 

Substandard

 

Doubtful

 

Loss

 

Not Rated

 

Less:
Unearned
Income

 

Total

 

 

 

(Dollars in thousands)

 

September 30, 2012

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial, financial & agricultural

 

$

151,970

 

$

6,186

 

$

8,354

 

$

—

 

$

—

 

$

44,914

 

$

16

 

$

211,408

 

Real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Construction

 

39,106

 

12,389

 

50,189

 

—

 

—

 

2,593

 

(17

)

104,294

 

Mortgage - residential

 

81,532

 

3,023

 

37,005

 

—

 

—

 

864,161

 

351

 

985,370

 

Mortgage - commercial

 

547,668

 

77,826

 

32,086

 

—

 

—

 

17,274

 

1,333

 

673,521

 

Consumer

 

10,296

 

—

 

76

 

—

 

—

 

113,048

 

—

 

123,420

 

Leases

 

11,167

 

297

 

686

 

—

 

—

 

—

 

—

 

12,150

 

Total

 

$

841,739

 

$

99,721

 

$

128,396

 

$

—

 

$

—

 

$

1,041,990

 

$

1,683

 

$

2,110,163

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2011

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial, financial & agricultural

 

$

107,419

 

$

6,087

 

$

15,389

 

$

—

 

$

—

 

$

51,676

 

$

(133

)

$

180,704

 

Real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Construction

 

52,882

 

18,808

 

84,716

 

—

 

—

 

4,720

 

63

 

161,063

 

Mortgage - residential

 

62,314

 

3,823

 

55,017

 

—

 

—

 

775,412

 

467

 

896,099

 

Mortgage - commercial

 

557,494

 

54,170

 

58,599

 

—

 

—

 

31,136

 

1,330

 

700,069

 

Consumer

 

4,659

 

—

 

79

 

—

 

—

 

104,072

 

—

 

108,810

 

Leases

 

16,111

 

327

 

1,264

 

—

 

—

 

—

 

—

 

17,702

 

Total

 

$

800,879

 

$

83,215

 

$

215,064

 

$

—

 

$

—

 

$

967,016

 

$

1,727

 

$

2,064,447