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LOANS AND ALLOWANCE FOR LOAN LOSSES (Tables)
 6 Months Ended
Jun. 30, 2012
Receivables [Abstract]  
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

The following table summarizes the composition of the loan portfolio at June 30, 2012 and December 31, 2011:

June 30,December 31,
2012      2011
(dollars expressed in thousands)
Commercial, financial and agricultural$     636,163725,130
Real estate construction and development216,894249,987
Real estate mortgage:
       One-to-four-family residential886,650902,438
       Multi-family residential 121,879 127,356 
       Commercial real estate1,105,420      1,225,538
Consumer and installment18,78523,333
Loans held for sale46,28931,111
Net deferred loan fees(635)(942)
              Loans, net of net deferred loan fees$3,031,4453,283,951
Past Due Financing Receivables [Table Text Block]

Aging of Loans. The following table presents the aging of loans by loan classification at June 30, 2012 and December 31, 2011:

Recorded
Investment
30-5960-89> 90 DaysTotal Past
Days     Days     Accruing     Nonaccrual     Due     Current     Total Loans
(dollars expressed in thousands)
June 30, 2012:
Commercial, financial and
       agricultural$      1,5671,343—29,27732,187603,976636,163
Real estate construction and
       development65366—48,41248,843168,051216,894
One-to-four-family residential:
       Bank portfolio2,495      1,19333210,25614,276125,478139,754
       Mortgage Division portfolio5,4223,979—17,60427,005357,500384,505
       Home equity3,7702,3904456,91713,522348,869362,391
Multi-family residential451— —5,1345,585116,294121,879
Commercial real estate1,955406— 32,75335,1141,070,3061,105,420
Consumer and installment20159—1927917,87118,150
Loans held for sale—————46,28946,289
              Total$15,9269,736777      150,372      176,811      2,854,634      3,031,445
 
December 31, 2011:
Commercial, financial and
       agricultural$1,6022,0851,09555,34060,122665,008725,130
Real estate construction and
       development1703,033—71,24474,447175,540249,987
One-to-four-family residential:
       Bank portfolio4,5062,57736214,69022,135143,443165,578
       Mortgage Division portfolio5,9941,571—16,778 24,343342,572 366,915
       Home equity3,9902,1518566,94013,937 356,008369,945
Multi-family residential— 118—7,9758,093119,263127,356
Commercial real estate3,8887,09242747,26258,6691,166,8691,225,538
Consumer and installment39619242261421,77722,391
Loans held for sale —————31,11131,111
              Total$20,54618,8192,744220,251262,3603,021,5913,283,951
Financing Receivable Credit Quality Indicators [Table Text Block]

The following table presents the credit exposure of the commercial loan portfolio by internally assigned credit grade as of June 30, 2012 and December 31, 2011:

Real Estate
Construction
CommercialandCommercial
and Industrial     Development     Multi-family     Real Estate     Total
(dollars expressed in thousands)
June 30, 2012:
       Pass$570,14949,28466,138913,8041,599,375
       Special mention15,57617,43618,472115,318166,802
       Substandard17,75889,84429,00631,379167,987
       Performing troubled debt restructuring3,403 11,9183,12912,16630,616
       Nonaccrual29,27748,4125,13432,753115,576
$636,163216,894121,8791,105,4202,080,356
 
December 31, 2011:
       Pass$606,93357,59468,748973,5531,706,828
       Special mention25,74211,97718,678119,478175,875
       Substandard32,85197,15828,78960,876219,674
       Performing troubled debt restructuring 4,26412,014 3,16624,36943,813
       Nonaccrual55,34071,2447,975 47,262 181,821
$725,130249,987127,3561,225,5382,328,011
 

The following table presents the credit exposure of the one-to-four-family residential mortgage Bank portfolio and home equity portfolio by internally assigned credit grade as of June 30, 2012 and December 31, 2011:

BankHome
Portfolio     Equity     Total
(dollars expressed in thousands)
June 30, 2012:
       Pass$     110,269     351,778     462,047
       Special mention11,784446 12,230
       Substandard5,8333,2509,083
       Performing troubled debt restructuring1,612—1,612
       Nonaccrual10,2566,91717,173
$139,754362,391502,145
 
December 31, 2011:
       Pass$131,973 358,801490,774
       Special mention 12,79795413,751
       Substandard6,1183,2509,368
       Nonaccrual14,6906,94021,630
$165,578369,945535,523

 

The following table presents the credit exposure of the one-to-four-family residential Mortgage Division portfolio and consumer and installment portfolio by payment activity as of June 30, 2012 and December 31, 2011:

MortgageConsumer
Divisionand
Portfolio     Installment     Total
(dollars expressed in thousands)
June 30, 2012:
       Pass$     277,36518,131295,496
       Substandard7,496 —7,496
       Performing troubled debt restructuring82,040—82,040
       Nonaccrual17,6041917,623
$384,50518,150402,655
 
December 31, 2011:
       Pass$263,079     22,369      285,448
       Substandard4,429—4,429
       Performing troubled debt restructuring82,629—82,629
       Nonaccrual 16,7782216,800
$366,91522,391389,306
Impaired Financing Receivables [Table Text Block]

The following tables present the recorded investment, unpaid principal balance, related allowance for loan losses, average recorded investment and interest income recognized while on impaired status for impaired loans without a related allowance for loan losses and for impaired loans with a related allowance for loan losses by loan classification at June 30, 2012 and December 31, 2011:

UnpaidRelatedAverageInterest
RecordedPrincipalAllowance forRecordedIncome
Investment     Balance     Loan Losses     Investment     Recognized
(dollars expressed in thousands)
June 30, 2012:
       With No Related Allowance Recorded:
              Commercial, financial and agricultural$     16,17539,131—22,713112
              Real estate construction and development47,320102,441—55,578279
              Real estate mortgage:
                     Bank portfolio 3,6405,232— 4,0344
                     Mortgage Division portfolio8,87918,969—8,844—
                     Home equity portfolio— ————
              Multi-family residential7,4659,747—8,475 88
              Commercial real estate28,24940,962—39,890773
              Consumer and installment—————
 111,728216,482—     139,534     1,256
       With A Related Allowance Recorded:
              Commercial, financial and agricultural16,50521,922 1,55323,177—
              Real estate construction and development13,01025,2413,36415,28060
              Real estate mortgage:
                     Bank portfolio8,22810,3165459,118—
                     Mortgage Division portfolio90,76599,82811,70290,4121,044
                     Home equity portfolio6,9177,8731,3837,296—
              Multi-family residential7981,190356906—
              Commercial real estate16,67021,6603,43223,540—
              Consumer and installment1919165—
 152,912188,04922,336169,7941,104
       Total:
              Commercial, financial and agricultural32,68061,0531,55345,890112
              Real estate construction and development60,330127,6823,36470,858339
              Real estate mortgage:
                     Bank portfolio11,86815,54854513,1524
                     Mortgage Division portfolio99,644118,797     11,702     99,2561,044
                     Home equity portfolio6,9177,8731,3837,296—
              Multi-family residential8,26310,9373569,38188
              Commercial real estate44,91962,6223,43263,430773
              Consumer and installment1919165—
$264,640     404,53122,336309,3282,360
 

 

UnpaidRelatedAverageInterest
RecordedPrincipalAllowance forRecordedIncome
Investment     Balance     Loan Losses     Investment     Recognized
(dollars expressed in thousands)
December 31, 2011:
       With No Related Allowance Recorded: 
              Commercial, financial and agricultural$     20,49453,140—25,294336
              Real estate construction and development62,524113,412—80,23072
              Real estate mortgage:
                     Bank portfolio3,2745,030—3,291—
                     Mortgage Division portfolio10,25022,541—11,352—
                     Home equity portfolio196198—210—
              Multi-family residential7,9618,378—8,35892
              Commercial real estate45,45261,766—59,613435
              Consumer and installment11—2—
 150,152264,466—188,350935
       With A Related Allowance Recorded:
              Commercial, financial and agricultural39,11064,8675,47548,270—
              Real estate construction and development20,73439,8323,43226,605183
              Real estate mortgage:
                     Bank portfolio11,41612,92679611,473—
                     Mortgage Division portfolio89,15798,11815,32498,739     2,306
                     Home equity portfolio6,7447,6571,3887,212—
              Multi-family residential3,1805,2813353,339—
              Commercial real estate 26,179 34,0733,87534,335168
              Consumer and installment2121460—
196,541262,775     30,629230,033 2,657
       Total:
              Commercial, financial and agricultural59,604118,0075,47573,564336
              Real estate construction and development83,258153,2443,432     106,835255
              Real estate mortgage: 
                     Bank portfolio14,69017,956796 14,764—
                     Mortgage Division portfolio99,407     120,65915,324110,0912,306
                     Home equity portfolio6,9407,8551,3887,422—
              Multi-family residential11,14113,65933511,69792
              Commercial real estate71,63195,8393,87593,948603
              Consumer and installment2222462—
$346,693527,24130,629418,3833,592
Troubled Debt Restructurings On Performing Financing Receivables [Table Text Block]

The following table presents the categories of performing TDRs as of June 30, 2012 and December 31, 2011:

June 30,December 31,
2012     2011
(dollars expressed in thousands)
Performing Troubled Debt Restructurings:
Commercial, financial and agricultural$      3,4034,264
Real estate construction and development11,91812,014
Real estate mortgage:
       One-to-four-family residential83,65282,629
       Multi-family residential3,129 3,166
       Commercial real estate12,16624,369
              Total performing troubled debt restructurings$114,268      126,442
Troubled Debt Restructurings On Non Performing Financing Receivables [Table Text Block]

The following table presents the categories of loans considered nonperforming TDRs as of June 30, 2012 and December 31, 2011:

June 30,December 31,
2012      2011
(dollars expressed in thousands)
Nonperforming Troubled Debt Restructurings:
Commercial, financial and agricultural$235 1,344
Real estate construction and development 24,05425,603
Real estate mortgage:
       One-to-four-family residential5,1906,205
       Commercial real estate4,3467,605
              Total nonperforming troubled debt restructurings$33,82540,757
Troubled Debt Restructurings on Financing Receivables [Table Text Block]

The following table presents loans classified as TDRs that were modified during the three and six months ended June 30, 2012 and 2011:

Three Months Ended June 30, 2012Three Months Ended June 30, 2011
Pre-Post-Pre-Post-
ModificationModificationModificationModification
NumberOutstandingOutstandingNumberOutstandingOutstanding
ofRecordedRecordedofRecordedRecorded
Contracts     Investment     Investment     Contracts     Investment     Investment
(dollars expressed in thousands)
Loan Modifications as Troubled Debt
       Restructurings:
Commercial, financial and agricultural— $     — $     — 2 $     640 $     640
Real estate mortgage:
       One-to-four-family residential152,8232,817275,7955,670
       Commercial real estate———28,9875,772
 
 

The following table presents loans classified as TDRs that were modified during the six months ended June 30, 2012 and 2011:

Six Months Ended June 30, 2012Six Months Ended June 30, 2011
Pre-Post-Pre-Post-
ModificationModificationModificationModification
NumberOutstandingOutstandingNumberOutstandingOutstanding
ofRecordedRecordedofRecordedRecorded
Contracts    Investment    Investment    Contracts    Investment    Investment
(dollars expressed in thousands)
Loan Modifications as Troubled Debt
      Restructurings:
Commercial, financial and agricultural—$— $— 3 $1,945 $1,945
Real estate construction and development2  803390———
Real estate mortgage:
      One-to-four-family residential295,4275,3787212,81412,164
      Commercial real estate15,0185,01828,9875,772
Troubled Debt Restructurings That Subsequently Defaulted On Financing Receivables [Table Text Block]

The following table presents TDRs that defaulted within 12 months of modification during the three months ended June 30, 2012 and 2011:

Three Months EndedThree Months Ended
June 30, 2012June 30, 2011
Number ofRecordedNumber ofRecorded
Contracts     Investment     Contracts     Investment
(dollars expressed in thousands)
Troubled Debt Restructurings That Subsequently Defaulted:
Real estate construction and development3 $    1,364—  $    —
Real estate mortgage: 
       One-to-four-family residential163,587122,868
 

The following table presents TDRs that defaulted within 12 months of modification during the six months ended June 30, 2012 and 2011:

Six Months EndedSix Months Ended
June 30, 2012June 30, 2011
Number ofRecordedNumber ofRecorded
Contracts     Investment     Contracts     Investment
(dollars expressed in thousands)
Troubled Debt Restructurings That Subsequently Defaulted:
Real estate construction and development3 $     1,364—  $     —
Real estate mortgage:
       One-to-four-family residential285,894225,605
Allowance for Credit Losses on Financing Receivables [Table Text Block]

Allowance for Loan Losses. Changes in the allowance for loan losses for the three and six months ended June 30, 2012 and 2011 were as follows:

Three Months EndedSix Months Ended
June 30,June 30,
2012     2011     2012     2011
(dollars expressed in thousands)
Balance, beginning of period$     130,348     183,973     137,710      201,033
Loans charged-off(17,947) (49,258)(34,400)(86,163)
Recoveries of loans previously charged-off7,8263,47114,91713,316
       Net loans charged-off(10,121)(45,787) (19,483)(72,847)
Provision for loan losses —23,000 2,000 33,000
Balance, end of period$120,227161,186120,227161,186
Allowance For Credit Losses On Financing Receivables By Portfolio Segments [Table Text Block]

The following table represents a summary of changes in the allowance for loan losses by portfolio segment for the three and six months ended June 30, 2012:

Real Estate
CommercialConstructionOne-to-Multi-Consumer
andandFour-FamilyFamilyCommercialand
Industrial    Development    Residential    Residential    Real Estate    Installment    Total
(dollars expressed in thousands)
Three Months Ended June 30, 2012:
Allowance for loan losses:
Beginning balance$     24,78224,51846,6704,67929,273426130,348
       Charge-offs(5,152)(3,339)(4,988)(237)(4,037)(194)(17,947)
       Recoveries2,6862,9861,22332858417,826
       Provision (benefit) for loan losses(301)(2,336)7973421,377121—
Ending balance$22,015     21,829     43,7024,81627,471394120,227
 
Six Months Ended June 30, 2012:
Allowance for loan losses:
Beginning balance$27,24324,86850,864 4,851     29,448436     137,710
       Charge-offs (10,233) (6,423) (8,916)      (1,169)(7,390)     (269)(34,400)
       Recoveries5,7443,7192,47543 2,846 9014,917
       Provision (benefit) for loan losses(739)(335)(721)1,091 2,567137  2,000
Ending balance$22,01521,82943,7024,81627,471394120,227
 

The following table represents a summary of changes in the allowance for loan losses by portfolio segment for the three and six months ended June 30, 2011:

Real Estate
CommercialConstructionOne-to-Multi-Consumer
andandFour-FamilyFamilyCommercialand
Industrial    Development    Residential    Residential    Real Estate    Installment    Total
(dollars expressed in thousands)
Three Months Ended June 30, 2011:
Allowance for loan losses:
Beginning balance$     26,57152,334     55,7298,52040,123696183,973
       Charge-offs(17,190)(9,372) (6,762)     (2,930)     (12,927)(77)(49,258)
       Recoveries1,0765131,339433851153,471
       Provision (benefit) for loan losses18,481(7,707)2,303(346)10,480     (211)23,000
Ending balance$28,938     35,76852,6095,28738,061523     161,186
 
Six Months Ended June 30, 2011:
Allowance for loan losses:
Beginning balance$28,000  58,439 60,7625,15847,880 794201,033
       Charge-offs(22,744)(19,686)(16,487)(2,930)(24,021)(295)(86,163)
       Recoveries 3,9664,3832,621 43  2,104 199 13,316
       Provision (benefit) for loan losses19,716(7,368)5,7133,01612,098(175)33,000
Ending balance$28,93835,76852,6095,28738,061523161,186
 
 

The following table represents a summary of the impairment method used by loan category at June 30, 2012 and December 31, 2011:

Real Estate
CommercialConstructionOne-to-Multi-Consumer
andandFour-FamilyFamilyCommercialand
     Industrial     Development     Residential     Residential     Real Estate     Installment     Total
     (dollars expressed in thousands)
June 30, 2012:
Allowance for loan losses:
Ending balance: impaired loans
       individually evaluated for impairment$     143     762     3,767—     1,495—6,167
Ending balance: impaired loans
       collectively evaluated for impairment$1,4102,6029,8633561,937116,169
Ending balance: all other loans collectively
       evaluated for impairment$20,46218,46530,0724,46024,03939397,891
Financing receivables:
       Ending balance$636,163     216,894     886,650     121,879     1,105,420     18,150     2,985,156
       Ending balance: impaired loans
              individually evaluated for
              impairment$17,95856,35716,9217,93836,544—135,718
       Ending balance: impaired loans
              collectively evaluated for
              impairment$14,7223,973101,5083258,37519128,922
       Ending balance: all other loans
              collectively evaluated for
              impairment$603,483156,564768,221113,6161,060,50118,1312,720,516
 
December 31, 2011:
Allowance for loan losses:
Ending balance: impaired loans
       individually evaluated for impairment$4,2761,7523,1701102,430—11,738
Ending balance: impaired loans
       collectively evaluated for impairment$1,1991,68014,3382251,445418,891
Ending balance: all other loans collectively
       evaluated for impairment$21,76821,43633,3564,51625,573432107,081
Financing receivables:  
       Ending balance$725,130249,987902,438127,3561,225,53822,3913,252,840
       Ending balance: impaired loans   
              individually evaluated for 
              impairment$40,52776,47516,83611,14164,190—209,169
       Ending balance: impaired loans 
              collectively evaluated for    
              impairment$19,0776,783104,201—7,44122137,524
       Ending balance: all other loans 
              collectively evaluated for
              impairment$665,526166,729781,401116,2151,153,90722,3692,906,147