LOANS AND LEASES (Tables)
|
6 Months Ended |
Jun. 30, 2012
|
LOANS AND LEASES |
|
Schedule of loans and leases, excluding loans held for sale |
|
|
June 30, |
|
December 31, |
|
|
|
2012 |
|
2011 |
|
|
|
(Dollars in thousands) |
|
|
|
|
|
|
|
Commercial, financial and agricultural |
|
$ |
197,613 |
|
$ |
180,571 |
|
Real estate: |
|
|
|
|
|
Construction |
|
106,464 |
|
161,126 |
|
Mortgage - residential |
|
977,999 |
|
896,566 |
|
Mortgage - commercial |
|
698,756 |
|
701,399 |
|
Consumer |
|
108,276 |
|
108,810 |
|
Leases |
|
13,934 |
|
17,702 |
|
|
|
2,103,042 |
|
2,066,174 |
|
Unearned income |
|
(1,879 |
) |
(1,727 |
) |
Total loans and leases |
|
$ |
2,101,163 |
|
$ |
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) |
|
June 30, 2012 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Allowance for loan and lease losses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending balance attributable to loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Individually evaluated for impairment |
|
$ |
994 |
|
$ |
3,214 |
|
$ |
847 |
|
$ |
4 |
|
$ |
— |
|
$ |
13 |
|
$ |
5,072 |
|
Collectively evaluated for impairment |
|
5,268 |
|
9,117 |
|
28,974 |
|
47,238 |
|
2,008 |
|
137 |
|
92,742 |
|
|
|
6,262 |
|
12,331 |
|
29,821 |
|
47,242 |
|
2,008 |
|
150 |
|
97,814 |
|
Unallocated |
|
|
|
|
|
|
|
|
|
|
|
|
|
6,000 |
|
Total ending balance |
|
$ |
6,262 |
|
$ |
12,331 |
|
$ |
29,821 |
|
$ |
47,242 |
|
$ |
2,008 |
|
$ |
150 |
|
$ |
103,814 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans and leases: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Individually evaluated for impairment |
|
$ |
3,870 |
|
$ |
47,598 |
|
$ |
47,634 |
|
$ |
20,390 |
|
$ |
— |
|
$ |
265 |
|
$ |
119,757 |
|
Collectively evaluated for impairment |
|
193,743 |
|
58,866 |
|
930,365 |
|
678,366 |
|
108,276 |
|
13,669 |
|
1,983,285 |
|
|
|
197,613 |
|
106,464 |
|
977,999 |
|
698,756 |
|
108,276 |
|
13,934 |
|
2,103,042 |
|
Unearned income |
|
78 |
|
1 |
|
(535 |
) |
(1,423 |
) |
— |
|
— |
|
(1,879 |
) |
Total ending balance |
|
$ |
197,691 |
|
$ |
106,465 |
|
$ |
977,464 |
|
$ |
697,333 |
|
$ |
108,276 |
|
$ |
13,934 |
|
$ |
2,101,163 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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) |
|
June 30, 2012 |
|
|
|
|
|
|
|
Impaired loans with no related allowance recorded: |
|
|
|
|
|
|
|
Commercial, financial & agricultural |
|
$ |
1,026 |
|
$ |
326 |
|
$ |
— |
|
Real estate: |
|
|
|
|
|
|
|
Construction |
|
36,450 |
|
29,881 |
|
— |
|
Mortgage - residential |
|
51,094 |
|
45,028 |
|
— |
|
Mortgage - commercial |
|
18,110 |
|
17,317 |
|
— |
|
Total impaired loans with no related allowance recorded |
|
106,680 |
|
92,552 |
|
— |
|
Impaired loans with an allowance recorded: |
|
|
|
|
|
|
|
Commercial, financial & agricultural |
|
4,919 |
|
3,544 |
|
994 |
|
Real estate: |
|
|
|
|
|
|
|
Construction |
|
22,045 |
|
17,717 |
|
3,214 |
|
Mortgage - residential |
|
2,639 |
|
2,606 |
|
847 |
|
Mortgage - commercial |
|
4,110 |
|
3,073 |
|
4 |
|
Leases |
|
265 |
|
265 |
|
13 |
|
Total impaired loans with an allowance recorded |
|
33,978 |
|
27,205 |
|
5,072 |
|
Total |
|
$ |
140,658 |
|
$ |
119,757 |
|
$ |
5,072 |
|
|
|
|
|
|
|
|
|
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 June 30, |
|
Six Months Ended June 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 |
|
$ |
4,275 |
|
$ |
26 |
|
$ |
404 |
|
$ |
— |
|
$ |
3,024 |
|
$ |
29 |
|
$ |
440 |
|
$ |
— |
|
Real estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Construction |
|
62,174 |
|
— |
|
127,344 |
|
531 |
|
63,387 |
|
645 |
|
135,674 |
|
666 |
|
Mortgage - residential |
|
48,817 |
|
121 |
|
58,801 |
|
32 |
|
49,438 |
|
178 |
|
59,509 |
|
445 |
|
Mortgage - commercial |
|
22,766 |
|
146 |
|
20,042 |
|
116 |
|
20,272 |
|
168 |
|
18,613 |
|
116 |
|
Leases |
|
199 |
|
— |
|
— |
|
— |
|
85 |
|
— |
|
— |
|
— |
|
Total |
|
$ |
138,231 |
|
$ |
293 |
|
$ |
206,591 |
|
$ |
679 |
|
$ |
136,206 |
|
$ |
1,020 |
|
$ |
214,236 |
|
$ |
1,227 |
|
| |
|
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) |
|
June 30, 2012 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial, financial & agricultural |
|
$ |
120 |
|
$ |
43 |
|
$ |
— |
|
$ |
3,698 |
|
$ |
3,861 |
|
$ |
193,830 |
|
$ |
197,691 |
|
Real estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Construction |
|
— |
|
1,546 |
|
319 |
|
47,598 |
|
49,463 |
|
57,002 |
|
106,465 |
|
Mortgage - residential |
|
15 |
|
583 |
|
156 |
|
42,199 |
|
42,953 |
|
934,511 |
|
977,464 |
|
Mortgage - commercial |
|
— |
|
— |
|
— |
|
16,805 |
|
16,805 |
|
680,528 |
|
697,333 |
|
Consumer |
|
410 |
|
533 |
|
3 |
|
— |
|
946 |
|
107,330 |
|
108,276 |
|
Leases |
|
— |
|
12 |
|
27 |
|
264 |
|
303 |
|
13,631 |
|
13,934 |
|
Total |
|
$ |
545 |
|
$ |
2,717 |
|
$ |
505 |
|
$ |
110,564 |
|
$ |
114,331 |
|
$ |
1,986,832 |
|
$ |
2,101,163 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 June 30, 2012 |
|
|
|
|
|
|
|
Real estate: |
|
|
|
|
|
|
|
Construction |
|
4 |
|
$ |
1,603 |
|
$ |
— |
|
Mortgage - residential |
|
1 |
|
351 |
|
— |
|
Mortgage - commercial |
|
2 |
|
3,438 |
|
— |
|
Total |
|
7 |
|
$ |
5,392 |
|
$ |
— |
|
|
|
|
|
|
|
|
|
Three months ended June 30, 2011 |
|
|
|
|
|
|
|
Real estate: |
|
|
|
|
|
|
|
Construction |
|
1 |
|
$ |
5,413 |
|
$ |
— |
|
Mortgage - residential |
|
14 |
|
6,065 |
|
27 |
|
Total |
|
15 |
|
$ |
11,478 |
|
$ |
27 |
|
|
|
|
|
|
|
|
|
Six months ended June 30, 2012 |
|
|
|
|
|
|
|
Real estate: |
|
|
|
|
|
|
|
Construction |
|
4 |
|
$ |
1,603 |
|
$ |
— |
|
Mortgage - residential |
|
7 |
|
3,560 |
|
— |
|
Mortgage - commercial |
|
4 |
|
10,214 |
|
— |
|
Total |
|
15 |
|
$ |
15,377 |
|
$ |
— |
|
|
|
|
|
|
|
|
|
Six months ended June 30, 2011 |
|
|
|
|
|
|
|
Real estate: |
|
|
|
|
|
|
|
Construction |
|
2 |
|
$ |
10,841 |
|
$ |
3,014 |
|
Mortgage - residential |
|
22 |
|
8,010 |
|
447 |
|
Total |
|
24 |
|
$ |
18,851 |
|
$ |
3,461 |
|
| |
|
Schedule of loans modified as a TDR within the previous twelve months that subsequently defaulted, by class |
|
|
Three Months Ended June 30, |
|
Six Months Ended June 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 |
|
4 |
|
$ |
1,603 |
|
1 |
|
$ |
5,242 |
|
4 |
|
$ |
1,603 |
|
1 |
|
$ |
5,242 |
|
Mortgage - residential |
|
1 |
|
351 |
|
10 |
|
5,113 |
|
3 |
|
796 |
|
17 |
|
6,830 |
|
Mortgage - commercial |
|
1 |
|
3,307 |
|
— |
|
— |
|
2 |
|
6,465 |
|
— |
|
— |
|
Total |
|
6 |
|
$ |
5,261 |
|
11 |
|
$ |
10,355 |
|
9 |
|
$ |
8,864 |
|
18 |
|
$ |
12,072 |
|
| |
|
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) |
|
June 30, 2012 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial, financial & agricultural |
|
$ |
129,218 |
|
$ |
6,965 |
|
$ |
9,334 |
|
$ |
— |
|
$ |
— |
|
$ |
52,096 |
|
$ |
(78 |
) |
$ |
197,691 |
|
Real estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Construction |
|
37,931 |
|
16,503 |
|
48,594 |
|
— |
|
— |
|
3,436 |
|
(1 |
) |
106,465 |
|
Mortgage - residential |
|
81,036 |
|
1,628 |
|
46,966 |
|
— |
|
— |
|
848,369 |
|
535 |
|
977,464 |
|
Mortgage - commercial |
|
569,172 |
|
71,892 |
|
32,916 |
|
— |
|
— |
|
24,776 |
|
1,423 |
|
697,333 |
|
Consumer |
|
9,931 |
|
— |
|
— |
|
— |
|
— |
|
98,345 |
|
— |
|
108,276 |
|
Leases |
|
12,911 |
|
241 |
|
782 |
|
— |
|
— |
|
— |
|
— |
|
13,934 |
|
Total |
|
$ |
840,199 |
|
$ |
97,229 |
|
$ |
138,592 |
|
$ |
— |
|
$ |
— |
|
$ |
1,027,022 |
|
$ |
1,879 |
|
$ |
2,101,163 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 |
|
| |
|