LOANS AND ALLOWANCE FOR LOAN LOSSES (Tables)

3 Months Ended

Mar. 31, 2015

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

The following table summarizes the composition of the loan portfolio at March 31, 2015 and December 31, 2014:



(dollars in thousands)	March 31, 2015			December 31, 2014
Commercial, financial and agricultural	$	700,183		695,267
Real estate construction and development	110,705			89,851
Real estate mortgage:
One-to-four-family residential	1,030,088			1,016,710
Multi-family residential	114,288			115,434
Commercial real estate	1,174,799			1,183,042
Consumer and installment	20,956			18,950
Net deferred loan fees	(1,277		)	(1,422	)
Total loans held for portfolio	3,149,742			3,117,832
Loans held for sale	43,655			31,411
Total loans	$	3,193,397		3,149,243

Past Due Financing Receivables [Table Text Block]

The following table presents the aging of loans by loan classification at March 31, 2015 and December 31, 2014:



(dollars in thousands)	30-59 Days		60-89 Days	Recorded Investment > 90 Days Accruing	Nonaccrual	Total Past Due	Current	Total Loans
March 31, 2015:
Commercial, financial and agricultural	$	59	227	—	7,240	7,526	692,657	700,183
Real estate construction and development	781		102	—	3,308	4,191	106,514	110,705
Real estate mortgage:
Residential mortgage	3,014		952	15	10,911	14,892	613,181	628,073
Home equity	810		374	—	6,337	7,521	394,494	402,015
Multi-family residential	—		—	—	18,994	18,994	95,294	114,288
Commercial real estate	1,201		32	—	4,046	5,279	1,169,520	1,174,799
Consumer and installment and net deferred loan fees	100		18	—	4	122	19,557	19,679
Loans held for sale	—		—	—	—	—	43,655	43,655
Total	$	5,965	1,705	15	50,840	58,525	3,134,872	3,193,397

December 31, 2014:
Commercial, financial and agricultural	$	132	430	54	9,486	10,102	685,165	695,267
Real estate construction and development	431		—	—	3,393	3,824	86,027	89,851
Real estate mortgage:
Residential mortgage	2,690		986	35	13,890	17,601	603,567	621,168
Home equity	1,857		334	72	6,831	9,094	386,448	395,542
Multi-family residential	—		—	—	19,731	19,731	95,703	115,434
Commercial real estate	196		54	—	4,122	4,372	1,178,670	1,183,042
Consumer and installment and net deferred loan fees	136		33	2	23	194	17,334	17,528
Loans held for sale	—		—	—	—	—	31,411	31,411
Total	$	5,442	1,837	163	57,476	64,918	3,084,325	3,149,243

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, 2015 and December 31, 2014:



Commercial Loan Portfolio Credit Exposure by Internally Assigned Credit Grade (dollars in thousands)	Commercial and Industrial		Real Estate Construction and Development	Multi-family	Commercial Real Estate	Total
March 31, 2015:
Pass	$	663,849	106,986	88,787	1,145,244	2,004,866
Special mention	16,359		92	5,870	17,700	40,021
Substandard	12,463		—	637	7,809	20,909
Performing troubled debt restructuring	272		319	—	—	591
Nonaccrual	7,240		3,308	18,994	4,046	33,588
Total	$	700,183	110,705	114,288	1,174,799	2,099,975
December 31, 2014:
Pass	$	653,951	85,973	89,148	1,147,824	1,976,896
Special mention	18,713		143	5,945	20,691	45,492
Substandard	12,833		—	610	6,640	20,083
Performing troubled debt restructuring	284		342	—	3,765	4,391
Nonaccrual	9,486		3,393	19,731	4,122	36,732
Total	$	695,267	89,851	115,434	1,183,042	2,083,594



Consumer Loan Portfolio Credit Exposure by Payment Activity (dollars in thousands)	Residential Mortgage		Home Equity	Consumer and Installment and Net Deferred Loan Fees	Total
March 31, 2015:
Pass	$	537,729	394,494	19,557	951,780
Substandard	1,893		1,184	118	3,195
Performing troubled debt restructuring	77,540		—	—	77,540
Nonaccrual	10,911		6,337	4	17,252
Total	$	628,073	402,015	19,679	1,049,767
December 31, 2014:
Pass	$	528,388	386,448	17,334	932,170
Substandard	2,662		2,263	171	5,096
Performing troubled debt restructuring	76,228		—	—	76,228
Nonaccrual	13,890		6,831	23	20,744
Total	$	621,168	395,542	17,528	1,034,238

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, 2015 and December 31, 2014:



(dollars in thousands)	Recorded Investment		Unpaid Principal Balance	Related Allowance for Loan Losses	Average Recorded Investment	Interest Income Recognized
March 31, 2015:
With No Related Allowance Recorded:
Commercial, financial and agricultural	$	2,505	3,401	—	2,881	—
Real estate construction and development	2,622		12,318	—	2,661	—
Real estate mortgage:
Residential mortgage	—		—	—	—	—
Home equity	—		—	—	—	—
Multi-family residential	18,675		24,647	—	19,038	—
Commercial real estate	—		—	—	—	—
Consumer and installment	—		—	—	—	—
	23,802		40,366	—	24,580	—
With A Related Allowance Recorded:
Commercial, financial and agricultural	5,007		7,754	479	5,760	3
Real estate construction and development	1,005		3,259	231	1,020	4
Real estate mortgage:
Residential mortgage	88,451		104,415	6,976	89,285	521
Home equity	6,337		7,487	1,267	6,584	—
Multi-family residential	319		3,185	1,212	325	—
Commercial real estate	4,046		5,813	258	5,967	—
Consumer and installment	4		4	—	14	5
	105,169		131,917	10,423	108,955	533
Total:
Commercial, financial and agricultural	7,512		11,155	479	8,641	3
Real estate construction and development	3,627		15,577	231	3,681	4
Real estate mortgage:
Residential mortgage	88,451		104,415	6,976	89,285	521
Home equity	6,337		7,487	1,267	6,584	—
Multi-family residential	18,994		27,832	1,212	19,363	—
Commercial real estate	4,046		5,813	258	5,967	—
Consumer and installment	4		4	—	14	5
	$	128,971	172,283	10,423	133,535	533



(dollars in thousands)	Recorded Investment		Unpaid Principal Balance	Related Allowance for Loan Losses	Average Recorded Investment	Interest Income Recognized
December 31, 2014:
With No Related Allowance Recorded:
Commercial, financial and agricultural	$	1,937	2,911	—	2,278	—
Real estate construction and development	2,626		12,333	—	3,106	—
Real estate mortgage:
Residential mortgage	—		—	—	—	—
Home equity	—		—	—	—	—
Multi-family residential	19,050		24,759	—	25,234	959
Commercial real estate	4,119		4,190	—	6,063	116
Consumer and installment	—		—	—	—	—
	27,732		44,193	—	36,681	1,075
With A Related Allowance Recorded:
Commercial, financial and agricultural	7,833		22,089	1,626	9,212	6
Real estate construction and development	1,109		3,403	219	1,312	17
Real estate mortgage:
Residential mortgage	90,118		106,163	7,639	94,835	2,082
Home equity	6,831		7,988	1,366	7,056	—
Multi-family residential	681		3,581	1,157	902	—
Commercial real estate	3,768		5,619	463	5,546	21
Consumer and installment	23		23	1	14	—
	110,363		148,866	12,471	118,877	2,126
Total:
Commercial, financial and agricultural	9,770		25,000	1,626	11,490	6
Real estate construction and development	3,735		15,736	219	4,418	17
Real estate mortgage:
Residential mortgage	90,118		106,163	7,639	94,835	2,082
Home equity	6,831		7,988	1,366	7,056	—
Multi-family residential	19,731		28,340	1,157	26,136	959
Commercial real estate	7,887		9,809	463	11,609	137
Consumer and installment	23		23	1	14	—
	$	138,095	193,059	12,471	155,558	3,201

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

The following table presents the categories of performing TDRs as of March 31, 2015 and December 31, 2014:



(dollars in thousands)	March 31, 2015		December 31, 2014
Performing Troubled Debt Restructurings:
Commercial, financial and agricultural	$	272	284
Real estate construction and development	319		342
Real estate mortgage:
One-to-four-family residential	77,540		76,228
Commercial real estate	—		3,765
Total performing troubled debt restructurings	$	78,131	80,619

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, 2015 and December 31, 2014:



(dollars in thousands)	March 31, 2015		December 31, 2014
Nonperforming Troubled Debt Restructurings:
Commercial, financial and agricultural	$	35	243
Real estate construction and development	2,784		2,788
Real estate mortgage:
One-to-four-family residential	3,378		4,003
Multi-family residential	18,676		19,050
Commercial real estate	371		371
Total nonperforming troubled debt restructurings	$	25,244	26,455

Troubled Debt Restructurings on Financing Receivables [Table Text Block]

The following table presents loans classified as TDRs that were modified during the three months ended March 31, 2015 and 2014:



	Three Months Ended March 31, 2015					Three Months Ended March 31, 2014
(dollars in thousands)	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
Loan Modifications Classified as Troubled Debt Restructurings:
Real estate mortgage:
One-to-four-family residential	6	$	1,723	$	1,640	15	$	2,580	$	2,157

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 March 31, 2015 and 2014:



	Three Months Ended			Three Months Ended
	March 31, 2015			March 31, 2014
(dollars in thousands)	Number of Contracts	Recorded Investment		Number of Contracts	Recorded Investment
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]

The following table represents a summary of changes in the allowance for loan losses by portfolio segment for the three months ended March 31, 2015 and 2014:



(dollars in thousands)	Commercial and Industrial			Real Estate Construction and Development		One-to- Four-Family Residential		Multi- Family Residential		Commercial Real Estate		Consumer and Installment		Total
Three Months Ended March 31, 2015:
Allowance for loan losses:
Beginning balance	$	12,574		3,490		24,055		5,630		20,983		142		66,874
Charge-offs	(2,987		)	(40	)	(1,163	)	(189	)	(343	)	(22	)	(4,744	)
Recoveries	1,244			164		500		56		21		27		2,012
Provision (benefit) for loan losses	1,501			(860	)	(906	)	77		225		(37	)	—
Ending balance	$	12,332		2,754		22,486		5,574		20,886		110		64,142

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

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, 2015 and December 31, 2014:



(dollars in thousands)	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 Loan Fees	Total
March 31, 2015:
Allowance for loan losses:
Impaired loans individually evaluated for impairment	$	—	—	918	—	—	—	918
Impaired loans collectively evaluated for impairment	479		231	7,325	1,212	258	—	9,505
All other loans collectively evaluated for impairment	11,853		2,523	14,243	4,362	20,628	110	53,719
Total allowance for loan losses	$	12,332	2,754	22,486	5,574	20,886	110	64,142
Loans:
Impaired loans individually evaluated for impairment	$	2,505	2,622	6,899	18,676	—	—	30,702
Impaired loans collectively evaluated for impairment	5,007		1,005	87,889	318	4,046	4	98,269
All other loans collectively evaluated for impairment	692,671		107,078	935,300	95,294	1,170,753	19,675	3,020,771
Total loans	$	700,183	110,705	1,030,088	114,288	1,174,799	19,679	3,149,742

December 31, 2014:
Allowance for loan losses:
Impaired loans individually evaluated for impairment	$	1,053	—	1,184	—	—	—	2,237
Impaired loans collectively evaluated for impairment	573		219	7,821	1,157	463	1	10,234
All other loans collectively evaluated for impairment	10,948		3,271	15,050	4,473	20,520	141	54,403
Total allowance for loan losses	$	12,574	3,490	24,055	5,630	20,983	142	66,874
Loans:
Impaired loans individually evaluated for impairment	$	4,712	2,626	7,388	19,050	3,765	—	37,541
Impaired loans collectively evaluated for impairment	5,058		1,109	89,561	681	4,122	23	100,554
All other loans collectively evaluated for impairment	685,497		86,116	919,761	95,703	1,175,155	17,505	2,979,737
Total loans	$	695,267	89,851	1,016,710	115,434	1,183,042	17,528	3,117,832