LOANS AND ALLOWANCE FOR LOAN LOSSES (Tables)

3 Months Ended

Mar. 31, 2014

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

The following table summarizes the composition of the loan portfolio at March 31, 2014 and December 31, 2013:



	March 31, 2014			December 31, 2013
	(dollars expressed in thousands)
Commercial, financial and agricultural	$	632,089		600,704
Real estate construction and development	121,237			121,662
Real estate mortgage:
One-to-four-family residential	910,513			921,488
Multi-family residential	125,116			121,304
Commercial real estate	1,063,813			1,048,234
Consumer and installment	17,399			18,681
Loans held for sale	21,402			25,548
Net deferred loan fees	(588		)	(526	)
Total loans	$	2,890,981		2,857,095

Past Due Financing Receivables [Table Text Block]

The following table presents the aging of loans by loan classification at March 31, 2014 and December 31, 2013:



	30-59 Days		60-89 Days	Recorded Investment > 90 Days Accruing	Nonaccrual	Total Past Due	Current	Total Loans
	(dollars expressed in thousands)
March 31, 2014:
Commercial, financial and agricultural	$	6,879	1,165	—	13,023	21,067	611,022	632,089
Real estate construction and development	—		—	—	4,642	4,642	116,595	121,237
Real estate mortgage:
Residential mortgage	5,568		2,928	21	18,566	27,083	535,087	562,170
Home equity	1,540		355	232	7,097	9,224	339,119	348,343
Multi-family residential	—		—	—	1,638	1,638	123,478	125,116
Commercial real estate	975		3	—	8,826	9,804	1,054,009	1,063,813
Consumer and installment and net deferred loan fees	82		96	—	13	191	16,620	16,811
Loans held for sale	—		—	—	—	—	21,402	21,402
Total	$	15,044	4,547	253	53,805	73,649	2,817,332	2,890,981
December 31, 2013:
Commercial, financial and agricultural	$	447	394	80	10,523	11,444	589,260	600,704
Real estate construction and development	—		—	—	4,914	4,914	116,748	121,662
Real estate mortgage:
Residential mortgage	4,262		2,637	162	20,063	27,124	545,040	572,164
Home equity	2,256		963	182	7,361	10,762	338,562	349,324
Multi-family residential	—		—	—	1,793	1,793	119,511	121,304
Commercial real estate	1,423		391	—	8,283	10,097	1,038,137	1,048,234
Consumer and installment and net deferred loan fees	87		39	—	19	145	18,010	18,155
Loans held for sale	—		—	—	—	—	25,548	25,548
Total	$	8,475	4,424	424	52,956	66,279	2,790,816	2,857,095

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, 2014 and December 31, 2013:



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, 2014:
Pass	$	593,492	43,306	95,032	1,019,458	1,751,288
Special mention	14,690		238	—	21,775	36,703
Substandard	10,884		73,051	610	9,265	93,810
Performing troubled debt restructuring	—		—	27,836	4,489	32,325
Nonaccrual	13,023		4,642	1,638	8,826	28,129
Total	$	632,089	121,237	125,116	1,063,813	1,942,255
December 31, 2013:
Pass	$	559,243	42,429	91,001	1,001,719	1,694,392
Special mention	16,211		929	—	21,714	38,854
Substandard	14,727		73,390	555	11,999	100,671
Performing troubled debt restructuring	—		—	27,955	4,519	32,474
Nonaccrual	10,523		4,914	1,793	8,283	25,513
Total	$	600,704	121,662	121,304	1,048,234	1,891,904



Consumer Loan Portfolio Credit Exposure by Payment Activity	Residential Mortgage		Home Equity	Consumer and Installment and Net Deferred Loan Fees	Total
	(dollars expressed in thousands)
March 31, 2014:
Pass	$	458,330	339,119	16,620	814,069
Substandard	5,688		2,127	178	7,993
Performing troubled debt restructuring	79,586		—	—	79,586
Nonaccrual	18,566		7,097	13	25,676
Total	$	562,170	348,343	16,811	927,324
December 31, 2013:
Pass	$	468,642	338,562	18,010	825,214
Substandard	5,306		3,401	126	8,833
Performing troubled debt restructuring	78,153		—	—	78,153
Nonaccrual	20,063		7,361	19	27,443
Total	$	572,164	349,324	18,155	939,643

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, 2014 and December 31, 2013:



	Recorded Investment		Unpaid Principal Balance	Related Allowance for Loan Losses	Average Recorded Investment	Interest Income Recognized
	(dollars expressed in thousands)
March 31, 2014:
With No Related Allowance Recorded:
Commercial, financial and agricultural	$	5,833	8,852	—	5,273	—
Real estate construction and development	3,085		12,851	—	3,175	—
Real estate mortgage:
Residential mortgage	—		—	—	—	—
Home equity	—		—	—	—	—
Multi-family residential	442		709	—	444	—
Commercial real estate	6,809		9,157	—	6,678	29
Consumer and installment	—		—	—	—	—
	16,169		31,569	—	15,570	29
With A Related Allowance Recorded:
Commercial, financial and agricultural	7,190		21,094	678	6,500	—
Real estate construction and development	1,557		3,881	242	1,603	—
Real estate mortgage:
Residential mortgage	98,152		116,685	8,860	98,184	521
Home equity	7,097		8,027	1,419	7,229	—
Multi-family residential	29,032		29,177	2,342	29,167	297
Commercial real estate	6,506		10,100	994	6,381	6
Consumer and installment	13		13	—	16	—
	149,547		188,977	14,535	149,080	824
Total:
Commercial, financial and agricultural	13,023		29,946	678	11,773	—
Real estate construction and development	4,642		16,732	242	4,778	—
Real estate mortgage:
Residential mortgage	98,152		116,685	8,860	98,184	521
Home equity	7,097		8,027	1,419	7,229	—
Multi-family residential	29,474		29,886	2,342	29,611	297
Commercial real estate	13,315		19,257	994	13,059	35
Consumer and installment	13		13	—	16	—
	$	165,716	220,546	14,535	164,650	853



	Recorded Investment		Unpaid Principal Balance	Related Allowance for Loan Losses	Average Recorded Investment	Interest Income Recognized
	(dollars expressed in thousands)
December 31, 2013:
With No Related Allowance Recorded:
Commercial, financial and agricultural	$	3,119	4,342	—	4,270	1
Real estate construction and development	3,172		12,931	—	17,152	418
Real estate mortgage:
Residential mortgage	—		—	—	—	—
Home equity	596		632	—	564	—
Multi-family residential	443		709	—	474	—
Commercial real estate	6,884		9,221	—	11,636	273
Consumer and installment	—		—	—	—	—
	14,214		27,835	—	34,096	692
With A Related Allowance Recorded:
Commercial, financial and agricultural	7,404		21,565	497	10,136	—
Real estate construction and development	1,742		4,326	294	9,419	—
Real estate mortgage:
Residential mortgage	98,216		118,305	9,740	102,775	2,043
Home equity	6,765		7,637	1,472	6,406	—
Multi-family residential	29,305		29,322	2,438	31,377	1,226
Commercial real estate	5,918		9,468	990	10,003	26
Consumer and installment	19		19	—	22	—
	149,369		190,642	15,431	170,138	3,295
Total:
Commercial, financial and agricultural	10,523		25,907	497	14,406	1
Real estate construction and development	4,914		17,257	294	26,571	418
Real estate mortgage:
Residential mortgage	98,216		118,305	9,740	102,775	2,043
Home equity	7,361		8,269	1,472	6,970	—
Multi-family residential	29,748		30,031	2,438	31,851	1,226
Commercial real estate	12,802		18,689	990	21,639	299
Consumer and installment	19		19	—	22	—
	$	163,583	218,477	15,431	204,234	3,987

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

The following table presents the categories of performing TDRs as of March 31, 2014 and December 31, 2013:



	March 31, 2014		December 31, 2013
	(dollars expressed in thousands)
Performing Troubled Debt Restructurings:
Real estate mortgage:
One-to-four-family residential	$	79,586	78,153
Multi-family residential	27,836		27,955
Commercial real estate	4,489		4,519
Total performing troubled debt restructurings	$	111,911	110,627

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

The following table presents the categories of loans considered nonperforming TDRs as of March 31, 2014 and December 31, 2013:



	March 31, 2014		December 31, 2013
	(dollars expressed in thousands)
Nonperforming Troubled Debt Restructurings:
Commercial, financial and agricultural	$	484	711
Real estate construction and development	3,531		3,605
Real estate mortgage:
One-to-four-family residential	5,147		6,266
Total nonperforming troubled debt restructurings	$	9,162	10,582

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, 2014 and 2013:



	Three Months Ended March 31, 2014					Three Months Ended March 31, 2013
	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 mortgage:
One-to-four-family residential	15	2,580		2,157		10	2,223		1,898

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, 2014 and 2013:



	Three Months Ended			Three Months Ended
	March 31, 2014			March 31, 2013
	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	1	$	438	—	—

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

Changes in the allowance for loan losses for the three months ended March 31, 2014 and 2013 were as follows:



	Three Months Ended
	March 31,
	2014			2013
	(dollars expressed in thousands)
Balance, beginning of period	$	81,033		91,602
Loans charged-off	(3,447		)	(6,883	)
Recoveries of loans previously charged-off	2,245			3,451
Net loans charged-off	(1,202		)	(3,432	)
Provision for loan losses	—			—
Balance, end of period	$	79,831		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, 2014:



	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, 2014:
Allowance for loan losses:
Beginning balance	$	13,401		7,407		32,619		5,249		22,052		305		81,033
Charge-offs	(1,622		)	(30	)	(1,426	)	(132	)	(188	)	(49	)	(3,447	)
Recoveries	752			600		791		7		57		38		2,245
Provision (benefit) for loan losses	1,340			(891	)	(764	)	145		122		48		—
Ending balance	$	13,871		7,086		31,220		5,269		22,043		342		79,831

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

Impairment Method by Loan Category [Table Text Block]

The following table represents a summary of the impairment method used by loan category at March 31, 2014 and December 31, 2013:



	Commercial and Industrial		Real Estate Construction and Development	One-to- Four-Family Residential	Multi- Family Residential	Commercial Real Estate	Consumer and Installment and Net Deferred Loans Fees	Total
	(dollars expressed in thousands)
March 31, 2014:
Allowance for loan losses:
Impaired loans individually evaluated for impairment	$	—	—	1,421	808	301	—	2,530
Impaired loans collectively evaluated for impairment	678		242	8,858	1,534	693	—	12,005
All other loans collectively evaluated for impairment	13,193		6,844	20,941	2,927	21,049	342	65,296
Total allowance for loan losses	$	13,871	7,086	31,220	5,269	22,043	342	79,831
Loans:
Impaired loans individually evaluated for impairment	$	6,190	2,881	10,515	28,483	9,012	—	57,081
Impaired loans collectively evaluated for impairment	6,833		1,761	94,734	991	4,303	13	108,635
All other loans collectively evaluated for impairment	619,066		116,595	805,264	95,642	1,050,498	16,798	2,703,863
Total loans	$	632,089	121,237	910,513	125,116	1,063,813	16,811	2,869,579

December 31, 2013:
Allowance for loan losses:
Impaired loans individually evaluated for impairment	$	—	62	2,275	1,034	385	—	3,756
Impaired loans collectively evaluated for impairment	497		232	8,937	1,404	605	—	11,675
All other loans collectively evaluated for impairment	12,904		7,113	21,407	2,811	21,062	305	65,602
Total allowance for loan losses	$	13,401	7,407	32,619	5,249	22,052	305	81,033
Loans:
Impaired loans individually evaluated for impairment	$	3,480	3,440	12,276	28,641	9,168	—	57,005
Impaired loans collectively evaluated for impairment	7,043		1,474	93,301	1,107	3,634	19	106,578
All other loans collectively evaluated for impairment	590,181		116,748	815,911	91,556	1,035,432	18,136	2,667,964
Total loans	$	600,704	121,662	921,488	121,304	1,048,234	18,155	2,831,547