LOANS AND ALLOWANCE FOR LOAN LOSSES (Tables)

3 Months Ended

Mar. 31, 2013

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

The following table summarizes the composition of the loan portfolio at March 31, 2013 and December 31, 2012:



	March 31, 2013			December 31, 2012
	(dollars expressed in thousands)
Commercial, financial and agricultural	$	622,008		610,301
Real estate construction and development	166,772			174,979
Real estate mortgage:
One-to-four-family residential	954,668			986,767
Multi-family residential	104,130			103,684
Commercial real estate	939,987			969,680
Consumer and installment	20,602			19,262
Loans held for sale	36,185			66,133
Net deferred loan fees	(21		)	(59	)
Total loans	$	2,844,331		2,930,747

Past Due Financing Receivables [Table Text Block]

The following table presents the aging of loans by loan classification at March 31, 2013 and December 31, 2012:



	30-59 Days		60-89 Days	Recorded Investment > 90 Days Accruing	Nonaccrual	Total Past Due	Current	Total Loans
	(dollars expressed in thousands)
March 31, 2013:
Commercial, financial and agricultural	$	1,415	89	—	15,523	17,027	604,981	622,008
Real estate construction and development	20		—	—	30,091	30,111	136,661	166,772
Real estate mortgage:
Bank portfolio	2,220		697	345	6,470	9,732	99,763	109,495
Mortgage Division portfolio	7,072		2,902	—	21,607	31,581	468,549	500,130
Home equity	3,002		553	601	6,768	10,924	334,119	345,043
Multi-family residential	—		—	445	6,884	7,329	96,801	104,130
Commercial real estate	1,051		210	—	14,856	16,117	923,870	939,987
Consumer and installment	149		103	—	22	274	20,307	20,581
Loans held for sale	—		—	—	—	—	36,185	36,185
Total	$	14,929	4,554	1,391	102,221	123,095	2,721,236	2,844,331
December 31, 2012:
Commercial, financial and agricultural	$	1,180	322	—	19,050	20,552	589,749	610,301
Real estate construction and development	93		—	—	32,152	32,245	142,734	174,979
Real estate mortgage:
Bank portfolio	1,871		1,121	874	6,910	10,776	111,562	122,338
Mortgage Division portfolio	6,264		4,375	—	19,780	30,419	479,552	509,971
Home equity	2,494		1,221	216	8,671	12,602	341,856	354,458
Multi-family residential	—		629	—	6,761	7,390	96,294	103,684
Commercial real estate	66		693	—	16,520	17,279	952,401	969,680
Consumer and installment	174		43	—	28	245	18,958	19,203
Loans held for sale	—		—	—	—	—	66,133	66,133
Total	$	12,142	8,404	1,090	109,872	131,508	2,799,239	2,930,747

Financing Receivable Credit Quality Indicators [Table Text Block]

The following tables present the credit exposure of the loan portfolio by internally assigned credit grade and payment activity as of March 31, 2013 and December 31, 2012:



Commercial Loan Portfolio Credit Exposure by Internally Assigned Credit Grade	Commercial and Industrial		Real Estate Construction and Development	Multi-family	Commercial Real Estate	Total
			(dollars expressed in thousands)
March 31, 2013:
Pass	$	586,122	43,219	68,389	843,122	1,540,852
Special mention	10,778		3,801	218	60,193	74,990
Substandard	9,585		79,630	445	11,990	101,650
Performing troubled debt restructuring	—		10,031	28,194	9,826	48,051
Nonaccrual	15,523		30,091	6,884	14,856	67,354
Total	$	622,008	166,772	104,130	939,987	1,832,897
December 31, 2012:
Pass	$	572,248	45,356	67,690	858,101	1,543,395
Special mention	10,580		6,076	220	70,450	87,326
Substandard	8,423		81,364	773	13,868	104,428
Performing troubled debt restructuring	—		10,031	28,240	10,741	49,012
Nonaccrual	19,050		32,152	6,761	16,520	74,483
Total	$	610,301	174,979	103,684	969,680	1,858,644



One-to-Four-Family Residential Mortgage Bank and Home Equity Loan Portfolio Credit Exposure by Internally Assigned Credit Grade	Bank Portfolio		Home Equity	Total
	(dollars expressed in thousands)
March 31, 2013:
Pass	$	93,585	334,424	428,009
Special mention	6,428		601	7,029
Substandard	1,401		3,250	4,651
Performing troubled debt restructuring	1,611		—	1,611
Nonaccrual	6,470		6,768	13,238
Total	$	109,495	345,043	454,538
December 31, 2012:
Pass	$	107,625	342,321	449,946
Special mention	4,405		216	4,621
Substandard	1,787		3,250	5,037
Performing troubled debt restructuring	1,611		—	1,611
Nonaccrual	6,910		8,671	15,581
Total	$	122,338	354,458	476,796



One-to-Four-Family Residential Mortgage Division and Consumer and Installment Loan Portfolio Credit Exposure by Payment Activity	Mortgage Division Portfolio		Consumer and Installment	Total
	(dollars expressed in thousands)
March 31, 2013:
Pass	$	395,749	20,559	416,308
Substandard	5,834		—	5,834
Performing troubled debt restructuring	76,940		—	76,940
Nonaccrual	21,607		22	21,629
Total	$	500,130	20,581	520,711
December 31, 2012:
Pass	$	405,270	19,175	424,445
Substandard	6,627		—	6,627
Performing troubled debt restructuring	78,294		—	78,294
Nonaccrual	19,780		28	19,808
Total	$	509,971	19,203	529,174

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 March 31, 2013 and December 31, 2012:



	Recorded Investment		Unpaid Principal Balance	Related Allowance for Loan Losses	Average Recorded Investment	Interest Income Recognized
	(dollars expressed in thousands)
March 31, 2013:
With No Related Allowance Recorded:
Commercial, financial and agricultural	$	5,080	8,498	—	5,657	—
Real estate construction and development	37,023		69,313	—	37,974	138
Real estate mortgage:
Bank portfolio	1,611		1,690	—	1,655	13
Mortgage Division portfolio	9,686		20,859	—	9,663	—
Home equity	1,382		1,507	—	1,576	—
Multi-family residential	33,050		35,015	—	33,014	295
Commercial real estate	17,992		23,852	—	18,932	121
Consumer and installment	—		—	—	—	—
	105,824		160,734	—	108,471	567
With A Related Allowance Recorded:
Commercial, financial and agricultural	10,443		26,644	368	11,630	—
Real estate construction and development	3,099		7,411	1,149	3,179	—
Real estate mortgage:
Bank portfolio	6,470		8,174	209	6,646	—
Mortgage Division portfolio	88,861		98,202	12,444	88,648	479
Home equity	5,386		6,256	1,354	6,144	—
Multi-family residential	2,028		3,764	947	2,026	—
Commercial real estate	6,690		9,675	607	7,040	—
Consumer and installment	22		22	1	25	—
	122,999		160,148	17,079	125,338	479
Total:
Commercial, financial and agricultural	15,523		35,142	368	17,287	—
Real estate construction and development	40,122		76,724	1,149	41,153	138
Real estate mortgage:
Bank portfolio	8,081		9,864	209	8,301	13
Mortgage Division portfolio	98,547		119,061	12,444	98,311	479
Home equity	6,768		7,763	1,354	7,720	—
Multi-family residential	35,078		38,779	947	35,040	295
Commercial real estate	24,682		33,527	607	25,972	121
Consumer and installment	22		22	1	25	—
	$	228,823	320,882	17,079	233,809	1,046



	Recorded Investment		Unpaid Principal Balance	Related Allowance for Loan Losses	Average Recorded Investment	Interest Income Recognized
	(dollars expressed in thousands)
December 31, 2012:
With No Related Allowance Recorded:
Commercial, financial and agricultural	$	6,451	24,287	—	12,369	215
Real estate construction and development	39,706		74,044	—	59,094	561
Real estate mortgage:
Bank portfolio	1,611		1,690	—	2,166	32
Mortgage Division portfolio	10,255		22,102	—	10,308	—
Home equity	1,382		1,507	—	1,232	—
Multi-family residential	33,709		37,206	—	13,682	280
Commercial real estate	18,808		24,279	—	35,959	1,160
Consumer and installment	—		—	—	—	—
	111,922		185,115	—	134,810	2,248
With A Related Allowance Recorded:
Commercial, financial and agricultural	12,599		19,255	676	24,157	—
Real estate construction and development	2,477		10,221	1,452	3,687	114
Real estate mortgage:
Bank portfolio	6,910		8,655	284	9,288	—
Mortgage Division portfolio	87,819		96,931	11,574	88,277	2,050
Home equity	7,289		8,188	1,784	6,500	—
Multi-family residential	1,292		1,403	1,138	524	—
Commercial real estate	8,453		12,909	1,043	16,161	11
Consumer and installment	28		28	1	51	—
	126,867		157,590	17,952	148,645	2,175
Total:
Commercial, financial and agricultural	19,050		43,542	676	36,526	215
Real estate construction and development	42,183		84,265	1,452	62,781	675
Real estate mortgage:
Bank portfolio	8,521		10,345	284	11,454	32
Mortgage Division portfolio	98,074		119,033	11,574	98,585	2,050
Home equity	8,671		9,695	1,784	7,732	—
Multi-family residential	35,001		38,609	1,138	14,206	280
Commercial real estate	27,261		37,188	1,043	52,120	1,171
Consumer and installment	28		28	1	51	—
	$	238,789	342,705	17,952	283,455	4,423

Troubled Debt Restructurings On Performing Financing Receivables [Table Text Block]

The following table presents the categories of performing TDRs as of March 31, 2013 and December 31, 2012:



	March 31, 2013		December 31, 2012
	(dollars expressed in thousands)
Performing Troubled Debt Restructurings:
Real estate construction and development	$	10,031	10,031
Real estate mortgage:
One-to-four-family residential	78,551		79,905
Multi-family residential	28,194		28,240
Commercial real estate	9,826		10,741
Total performing troubled debt restructurings	$	126,602	128,917

Troubled Debt Restructurings On Non Performing Financing Receivables [Table Text Block]

The following table presents the categories of loans considered nonperforming TDRs as of March 31, 2013 and December 31, 2012:



	March 31, 2013		December 31, 2012
	(dollars expressed in thousands)
Nonperforming Troubled Debt Restructurings:
Commercial, financial and agricultural	$	1,018	1,004
Real estate construction and development	25,097		26,557
Real estate mortgage:
One-to-four-family residential	7,526		7,105
Multi-family residential	2,415		2,482
Commercial real estate	2,189		2,862
Total nonperforming troubled debt restructurings	$	38,245	40,010

Troubled Debt Restructurings on Financing Receivables [Table Text Block]

The following tables present loans classified as TDRs that were modified during the three months ended March 31, 2013 and 2012:



	Three Months Ended March 31, 2013					Three Months Ended March 31, 2012
	Number of Contracts	Pre- Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment		Number of Contracts	Pre- Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment
	(dollars expressed in thousands)
Loan Modifications Classified as Troubled Debt Restructurings:
Commercial, financial and agricultural	1	$	90	$	45	—	$	—	$	—
Real estate construction and development	—	—		—		2	803		390
Real estate mortgage:
One-to-four-family residential	10	2,223		1,898		14	2,604		2,561
Commercial real estate	—	—		—		1	5,018		5,018

Troubled Debt Restructurings That Subsequently Defaulted On Financing Receivables [Table Text Block]

The following tables present TDRs that defaulted within 12 months of modification during the three months ended March 31, 2013 and 2012:

Three Months Ended

March 31, 2013

March 31, 2012

Number of

Contracts

Recorded

Investment

Number of

Contracts

Recorded

Investment

(dollars expressed in thousands)

Troubled Debt Restructurings That Subsequently Defaulted:

Real estate mortgage:

One-to-four-family residential

2,396

2,307

Allowance for Credit Losses on Financing Receivables [Table Text Block]

Changes in the allowance for loan losses for the three months ended March 31, 2013 and 2012 were as follows:



	Three Months Ended
	March 31,
	2013			2012
	(dollars expressed in thousands)
Balance, beginning of period	$	91,602		137,710
Loans charged-off	(6,883		)	(16,453	)
Recoveries of loans previously charged-off	3,451			7,091
Net loans charged-off	(3,432		)	(9,362	)
Provision for loan losses	—			2,000
Balance, end of period	$	88,170		130,348

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 months ended March 31, 2013:



	Commercial and Industrial			Real Estate Construction and Development		One-to- Four-Family Residential		Multi- Family Residential		Commercial Real Estate		Consumer and Installment		Total
	(dollars expressed in thousands)
Three Months Ended March 31, 2013:
Allowance for loan losses:
Beginning balance	$	13,572		14,434		38,897		4,252		20,048		399		91,602
Charge-offs	(676		)	(282	)	(4,389	)	(3	)	(1,477	)	(56	)	(6,883	)
Recoveries	1,067			395		1,231		—		718		40		3,451
Provision (benefit) for loan losses	205			(1,544	)	921		(47	)	431		34		—
Ending balance	$	14,168		13,003		36,660		4,202		19,720		417		88,170

The following table represents a summary of changes in the allowance for loan losses by portfolio segment for the three months ended March 31, 2012:



	Commercial and Industrial			Real Estate Construction and Development		One-to- Four-Family Residential		Multi- Family Residential		Commercial Real Estate		Consumer and Installment		Total
	(dollars expressed in thousands)
Three Months Ended March 31, 2012:
Allowance for loan losses:
Beginning balance	$	27,243		24,868		50,864		4,851		29,448		436		137,710
Charge-offs	(5,081		)	(3,084	)	(3,928	)	(932	)	(3,353	)	(75	)	(16,453	)
Recoveries	3,058			733		1,252		11		1,988		49		7,091
Provision (benefit) for loan losses	(438		)	2,001		(1,518	)	749		1,190		16		2,000
Ending balance	$	24,782		24,518		46,670		4,679		29,273		426		130,348

The following table represents a summary of the impairment method used by loan category at March 31, 2013 and December 31, 2012:



	Commercial and Industrial		Real Estate Construction and Development	One-to- Four-Family Residential	Multi- Family Residential	Commercial Real Estate	Consumer and Installment	Total
	(dollars expressed in thousands)
March 31, 2013:
Allowance for loan losses:
Impaired loans individually evaluated for impairment	$	—	199	3,343	116	23	—	3,681
Impaired loans collectively evaluated for impairment	368		950	10,664	831	584	1	13,398
All other loans collectively evaluated for impairment	13,800		11,854	22,653	3,255	19,113	416	71,091
Total	$	14,168	13,003	36,660	4,202	19,720	417	88,170
Financing receivables:
Impaired loans individually evaluated for impairment	$	5,462	38,283	18,021	33,977	18,335	—	114,078
Impaired loans collectively evaluated for impairment	10,061		1,839	95,375	1,101	6,347	22	114,745
All other loans collectively evaluated for impairment	606,485		126,650	841,272	69,052	915,305	20,559	2,579,323
Total	$	622,008	166,772	954,668	104,130	939,987	20,581	2,808,146

December 31, 2012:
Allowance for loan losses:
Impaired loans individually evaluated for impairment	$	75	121	3,187	33	182	—	3,598
Impaired loans collectively evaluated for impairment	601		1,331	10,455	1,105	861	1	14,354
All other loans collectively evaluated for impairment	12,896		12,982	25,255	3,114	19,005	398	73,650
Total	$	13,572	14,434	38,897	4,252	20,048	399	91,602
Financing receivables:
Impaired loans individually evaluated for impairment	$	7,884	39,155	16,843	34,636	20,965	—	119,483
Impaired loans collectively evaluated for impairment	11,166		3,028	98,423	365	6,296	28	119,306
All other loans collectively evaluated for impairment	591,251		132,796	871,501	68,683	942,419	19,175	2,625,825
Total	$	610,301	174,979	986,767	103,684	969,680	19,203	2,864,614