LOANS AND ALLOWANCE FOR LOAN LOSSES (Tables)

6 Months Ended

Jun. 30, 2015

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, 2015 and December 31, 2014:

(dollars in thousands)	June 30, 2015			December 31, 2014
Commercial, financial and agricultural	$	753,277		695,267
Real estate construction and development	135,070			89,851
Real estate mortgage:
One-to-four-family residential:
Residential mortgage	687,162			621,168
Home equity	400,616			395,542
Multi-family residential	98,040			115,434
Commercial real estate	1,216,208			1,183,042
Consumer and installment	19,499			18,950
Net deferred loan fees	(1,393		)	(1,422	)
Total loans held for portfolio	3,308,479			3,117,832
Loans held for sale	36,428			31,411
Total loans	$	3,344,907		3,149,243

Past Due Financing Receivables [Table Text Block]

The following table presents the aging of loans by loan classification at June 30, 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
June 30, 2015:
Commercial, financial and agricultural	$	265	308	—	5,702	6,275	747,002	753,277
Real estate construction and development	683		—	—	3,152	3,835	131,235	135,070
Real estate mortgage:
Residential mortgage	1,614		447	27	8,103	10,191	676,971	687,162
Home equity	1,467		441	130	5,698	7,736	392,880	400,616
Multi-family residential	—		—	—	319	319	97,721	98,040
Commercial real estate	12		52	—	2,828	2,892	1,213,316	1,216,208
Consumer and installment and net deferred loan fees	87		16	—	8	111	17,995	18,106
Loans held for sale	—		—	—	—	—	36,428	36,428
Total loans	$	4,128	1,264	157	25,810	31,359	3,313,548	3,344,907
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 loans	$	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 loans held for portfolio by internally assigned credit grade and payment activity as of June 30, 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
June 30, 2015:
Pass	$	710,208	131,333	91,424	1,189,818	2,122,783
Special mention	31,393		585	5,660	17,883	55,521
Substandard	5,710		—	637	5,679	12,026
Performing troubled debt restructuring	264		—	—	—	264
Nonaccrual	5,702		3,152	319	2,828	12,001
Total	$	753,277	135,070	98,040	1,216,208	2,202,595
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
June 30, 2015:
Pass	$	599,840	392,880	17,995	1,010,715
Substandard	1,647		2,038	103	3,788
Performing troubled debt restructuring	77,572		—	—	77,572
Nonaccrual	8,103		5,698	8	13,809
Total	$	687,162	400,616	18,106	1,105,884
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 June 30, 2015 and December 31, 2014:

(dollars in thousands)	Recorded Investment		Unpaid Principal Balance	Related Allowance for Loan Losses	Average Recorded Investment	Interest Income Recognized (1)
June 30, 2015:
With No Related Allowance Recorded:
Commercial, financial and agricultural	$	2,573	3,563	—	3,342	—
Real estate construction and development	2,617		12,318	—	2,910	—
Real estate mortgage:
Residential mortgage	—		—	—	—	—
Home equity	1,322		1,527	—	1,459	—
Multi-family residential	—		—	—	—	—
Commercial real estate	687		962	—	1,195	—
Consumer and installment	—		—	—	—	—
	7,199		18,370	—	8,906	—
With A Related Allowance Recorded:
Commercial, financial and agricultural	3,393		5,861	582	4,407	6
Real estate construction and development	535		2,465	255	595	8
Real estate mortgage:
Residential mortgage	85,675		100,070	7,391	88,081	1,122
Home equity	4,376		5,302	1,443	4,830	—
Multi-family residential	319		468	24	13,015	—
Commercial real estate	2,141		3,766	214	3,725	5
Consumer and installment	8		8	1	12	—
	96,447		117,940	9,910	114,665	1,141
Total:
Commercial, financial and agricultural	5,966		9,424	582	7,749	6
Real estate construction and development	3,152		14,783	255	3,505	8
Real estate mortgage:
Residential mortgage	85,675		100,070	7,391	88,081	1,122
Home equity	5,698		6,829	1,443	6,289	—
Multi-family residential	319		468	24	13,015	—
Commercial real estate	2,828		4,728	214	4,920	5
Consumer and installment	8		8	1	12	—
	$	103,646	136,310	9,910	123,571	1,141

____________________

(1) Interest income on impaired loans recognized while on impaired status was $608,000 for the three months ended June 30, 2015.

(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 June 30, 2015 and December 31, 2014:

(dollars in thousands)	June 30, 2015		December 31, 2014
Performing Troubled Debt Restructurings:
Commercial, financial and agricultural	$	264	284
Real estate construction and development	—		342
Real estate mortgage:
One-to-four-family residential	77,572		76,228
Commercial real estate	—		3,765
Total performing troubled debt restructurings	$	77,836	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 June 30, 2015 and December 31, 2014:

(dollars in thousands)	June 30, 2015		December 31, 2014
Nonperforming Troubled Debt Restructurings:
Commercial, financial and agricultural	$	35	243
Real estate construction and development	2,779		2,788
Real estate mortgage:
One-to-four-family residential	2,852		4,003
Multi-family residential	—		19,050
Commercial real estate	—		371
Total nonperforming troubled debt restructurings	$	5,666	26,455

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, 2015 and 2014:

	Three Months Ended June 30, 2015					Three Months Ended June 30, 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	$	669	$	626	12	$	1,467	$	1,177

	Six Months Ended June 30, 2015					Six Months Ended June 30, 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	12	$	2,392	$	2,266	27	$	4,047	$	3,334

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, 2015 and 2014:

	Three Months Ended			Three Months Ended
	June 30, 2015			June 30, 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	—	$	—	5	$	764

	Six Months Ended			Six Months Ended
	June 30, 2015			June 30, 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	—	$	—	6	$	1,202

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

The following tables represent a summary of changes in the allowance for loan losses by portfolio segment for the three and six months ended June 30, 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 June 30, 2015:
Allowance for loan losses:
Beginning balance	$	12,332		2,754		22,486		5,574		20,886		110		64,142
Charge-offs	(1,117		)	(138	)	(564	)	(9	)	(502	)	(21	)	(2,351	)
Recoveries	1,181			138		913		2,177		100		16		4,525
Provision (benefit) for loan losses	(1,075		)	(523	)	(432	)	(4,312	)	(1,135	)	(23	)	(7,500	)
Ending balance	$	11,321		2,231		22,403		3,430		19,349		82		58,816
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

(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
Six months ended June 30, 2015:
Allowance for loan losses:
Beginning balance	$	12,574		3,490		24,055		5,630		20,983		142		66,874
Charge-offs	(4,104		)	(178	)	(1,727	)	(198	)	(845	)	(43	)	(7,095	)
Recoveries	2,425			302		1,413		2,233		121		43		6,537
Provision (benefit) for loan losses	426			(1,383	)	(1,338	)	(4,235	)	(910	)	(60	)	(7,500	)
Ending balance	$	11,321		2,231		22,403		3,430		19,349		82		58,816
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

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, 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
June 30, 2015:
Allowance for loan losses:
Impaired loans individually evaluated for impairment	$	130	16	3,822	—	—	—	3,968
Impaired loans collectively evaluated for impairment	452		239	5,012	24	214	1	5,942
All other loans collectively evaluated for impairment	10,739		1,976	13,569	3,406	19,135	81	48,906
Total allowance for loan losses	$	11,321	2,231	22,403	3,430	19,349	82	58,816
Loans:
Impaired loans individually evaluated for impairment	$	1,955	2,877	41,321	—	687	—	46,840
Impaired loans collectively evaluated for impairment	4,011		275	50,052	319	2,141	8	56,806
All other loans collectively evaluated for impairment	747,311		131,918	996,405	97,721	1,213,380	18,098	3,204,833
Total loans held for portfolio	$	753,277	135,070	1,087,778	98,040	1,216,208	18,106	3,308,479
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 held for portfolio	$	695,267	89,851	1,016,710	115,434	1,183,042	17,528	3,117,832