LOANS AND ALLOWANCE FOR LOAN LOSSES (Tables)

6 Months Ended

Jun. 30, 2014

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

The following table summarizes the composition of the loan portfolio at June 30, 2014 and December 31, 2013:



	June 30, 2014			December 31, 2013
	(dollars expressed in thousands)
Commercial, financial and agricultural	$	639,741		600,704
Real estate construction and development	123,509			121,662
Real estate mortgage:
One-to-four-family residential	936,580			921,488
Multi-family residential	116,815			121,304
Commercial real estate	1,090,146			1,048,234
Consumer and installment	18,501			18,681
Loans held for sale	27,576			25,548
Net deferred loan fees	(749		)	(526	)
Total loans	$	2,952,119		2,857,095

Past Due Financing Receivables [Table Text Block]

The following table presents the aging of loans by loan classification at June 30, 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)
June 30, 2014:
Commercial, financial and agricultural	$	260	361	15	12,339	12,975	626,766	639,741
Real estate construction and development	—		95	—	4,242	4,337	119,172	123,509
Real estate mortgage:
Residential mortgage	3,341		3,003	139	17,173	23,656	548,891	572,547
Home equity	2,294		493	720	7,011	10,518	353,515	364,033
Multi-family residential	—		—	—	1,164	1,164	115,651	116,815
Commercial real estate	577		4,238	228	6,036	11,079	1,079,067	1,090,146
Consumer and installment and net deferred loan fees	137		23	—	13	173	17,579	17,752
Loans held for sale	—		—	—	—	—	27,576	27,576
Total	$	6,609	8,213	1,102	47,978	63,902	2,888,217	2,952,119

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 June 30, 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)
June 30, 2014:
Pass	$	593,976	45,980	90,070	1,048,970	1,778,996
Special mention	21,203		141	—	20,808	42,152
Substandard	12,223		73,146	611	9,883	95,863
Performing troubled debt restructuring	—		—	24,970	4,449	29,419
Nonaccrual	12,339		4,242	1,164	6,036	23,781
Total	$	639,741	123,509	116,815	1,090,146	1,970,211
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)
June 30, 2014:
Pass	$	472,488	353,516	17,579	843,583
Substandard	5,421		3,506	160	9,087
Performing troubled debt restructuring	77,465		—	—	77,465
Nonaccrual	17,173		7,011	13	24,197
Total	$	572,547	364,033	17,752	954,332
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 June 30, 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)
June 30, 2014:
With No Related Allowance Recorded:
Commercial, financial and agricultural	$	3,929	5,762	—	3,809	—
Real estate construction and development	3,038		12,833	—	3,294	—
Real estate mortgage:
Residential mortgage	—		—	—	—	—
Home equity	—		—	—	—	—
Multi-family residential	420		709	—	457	—
Commercial real estate	5,866		7,912	—	6,826	58
Consumer and installment	—		—	—	—	—
	13,253		27,216	—	14,386	58
With A Related Allowance Recorded:
Commercial, financial and agricultural	8,410		22,520	766	8,153	—
Real estate construction and development	1,204		3,541	226	1,305	—
Real estate mortgage:
Residential mortgage	94,638		112,767	8,177	97,002	1,038
Home equity	7,011		7,915	1,402	7,156	—
Multi-family residential	25,714		28,636	3,353	27,995	586
Commercial real estate	4,619		6,602	847	5,375	13
Consumer and installment	13		13	1	15	—
	141,609		181,994	14,772	147,001	1,637
Total:
Commercial, financial and agricultural	12,339		28,282	766	11,962	—
Real estate construction and development	4,242		16,374	226	4,599	—
Real estate mortgage:
Residential mortgage	94,638		112,767	8,177	97,002	1,038
Home equity	7,011		7,915	1,402	7,156	—
Multi-family residential	26,134		29,345	3,353	28,452	586
Commercial real estate	10,485		14,514	847	12,201	71
Consumer and installment	13		13	1	15	—
	$	154,862	209,210	14,772	161,387	1,695



	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 June 30, 2014 and December 31, 2013:



	June 30, 2014		December 31, 2013
	(dollars expressed in thousands)
Performing Troubled Debt Restructurings:
Real estate mortgage:
One-to-four-family residential	$	77,465	78,153
Multi-family residential	24,970		27,955
Commercial real estate	4,449		4,519
Total performing troubled debt restructurings	$	106,884	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 June 30, 2014 and December 31, 2013:



	June 30, 2014		December 31, 2013
	(dollars expressed in thousands)
Nonperforming Troubled Debt Restructurings:
Commercial, financial and agricultural	$	478	711
Real estate construction and development	3,496		3,605
Real estate mortgage:
One-to-four-family residential	5,470		6,266
Total nonperforming troubled debt restructurings	$	9,444	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 and six months ended June 30, 2014 and 2013:



	Three Months Ended June 30, 2014					Three Months Ended June 30, 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	$	156	$	156
Real estate mortgage:
One-to-four-family residential	12	1,467		1,177		10	2,647		2,644



	Six Months Ended June 30, 2014					Six Months Ended June 30, 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	—	$	—	$	—	2	$	246	$	201
Real estate mortgage:
One-to-four-family residential	27	4,047		3,334		20	4,870		4,542

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 and six months ended June 30, 2014 and 2013:



	Three Months Ended			Three Months Ended
	June 30, 2014			June 30, 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	5	$	764	1	$	83



	Six Months Ended			Six Months Ended
	June 30, 2014			June 30, 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	6	$	1,202	1	$	83

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

Changes in the allowance for loan losses for the three and six months ended June 30, 2014 and 2013 were as follows:



	Three Months Ended					Six Months Ended
	June 30,					June 30,
	2014			2013		2014		2013
	(dollars expressed in thousands)
Balance, beginning of period	$	79,831		88,170		81,033		91,602
Loans charged-off	(6,240		)	(6,871	)	(9,687	)	(13,754	)
Recoveries of loans previously charged-off	4,427			4,334		6,672		7,785
Net loans charged-off	(1,813		)	(2,537	)	(3,015	)	(5,969	)
Provision for loan losses	—			—		—		—
Balance, end of period	$	78,018		85,633		78,018		85,633

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, 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 June 30, 2014:
Allowance for loan losses:
Beginning balance	$	13,871		7,086		31,220		5,269		22,043		342		79,831
Charge-offs	(994		)	(35	)	(2,201	)	(2,952	)	(21	)	(37	)	(6,240	)
Recoveries	1,263			756		1,478		2		915		13		4,427
Provision (benefit) for loan losses	(409		)	(1,207	)	(1,352	)	5,055		(2,117	)	30		—
Ending balance	$	13,731		6,600		29,145		7,374		20,820		348		78,018

Six Months Ended June 30, 2014:
Allowance for loan losses:
Beginning balance	$	13,401		7,407		32,619		5,249		22,052		305		81,033
Charge-offs	(2,616		)	(65	)	(3,627	)	(3,084	)	(209	)	(86	)	(9,687	)
Recoveries	2,015			1,356		2,269		9		972		51		6,672
Provision (benefit) for loan losses	931			(2,098	)	(2,116	)	5,200		(1,995	)	78		—
Ending balance	$	13,731		6,600		29,145		7,374		20,820		348		78,018

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, 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 June 30, 2013:
Allowance for loan losses:
Beginning balance	$	14,168		13,003		36,660		4,202		19,720		417		88,170
Charge-offs	(1,010		)	(166	)	(4,338	)	(159	)	(1,156	)	(42	)	(6,871	)
Recoveries	1,023			1,321		1,288		141		522		39		4,334
Provision (benefit) for loan losses	(215		)	(2,746	)	1,656		(62	)	1,487		(120	)	—
Ending balance	$	13,966		11,412		35,266		4,122		20,573		294		85,633

Six Months Ended June 30, 2013:
Allowance for loan losses:
Beginning balance	$	13,572		14,434		38,897		4,252		20,048		399		91,602
Charge-offs	(1,686		)	(448	)	(8,727	)	(162	)	(2,633	)	(98	)	(13,754	)
Recoveries	2,090			1,716		2,519		141		1,240		79		7,785
Provision (benefit) for loan losses	(10		)	(4,290	)	2,577		(109	)	1,918		(86	)	—
Ending balance	$	13,966		11,412		35,266		4,122		20,573		294		85,633

Impairment Method by Loan Category [Table Text Block]

The following table represents a summary of the impairment method used by loan category at June 30, 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)
June 30, 2014:
Allowance for loan losses:
Impaired loans individually evaluated for impairment	$	108	—	1,221	1,960	288	—	3,577
Impaired loans collectively evaluated for impairment	658		226	8,358	1,393	559	1	11,195
All other loans collectively evaluated for impairment	12,965		6,374	19,566	4,021	19,973	347	63,246
Total allowance for loan losses	$	13,731	6,600	29,145	7,374	20,820	348	78,018
Loans:
Impaired loans individually evaluated for impairment	$	5,794	2,870	9,866	25,558	6,149	—	50,237
Impaired loans collectively evaluated for impairment	6,545		1,372	91,783	576	4,336	13	104,625
All other loans collectively evaluated for impairment	627,402		119,267	834,931	90,681	1,079,661	17,739	2,769,681
Total loans	$	639,741	123,509	936,580	116,815	1,090,146	17,752	2,924,543

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