XML 46 R32.htm IDEA: XBRL DOCUMENT v2.4.0.6
Loans and Allowance for Credit Losses (Tables)
 3 Months Ended
Mar. 31, 2013
Loans and Leases Receivable Disclosure [Abstract]  
Outstanding Balances of Loan
The following table provides outstanding balances related to each of our loan types:
 
 
March 31, 2013
 
December 31, 2012
 
(dollars in thousands)
Commercial, financial, agricultural and other
$
1,057,663

 
$
1,019,822

Real estate construction
70,461

 
87,438

Residential real estate
1,255,515

 
1,241,565

Commercial real estate
1,243,676

 
1,273,661

Loans to individuals
591,495

 
582,218

Total loans and leases net of unearned income
$
4,218,810

 
$
4,204,704
Credit Risk Profile by Creditworthiness
The following tables represent our credit risk profile by creditworthiness:
 
March 31, 2013
 
Commercial, financial, agricultural and other
 
Real estate construction
 
Residential real estate
 
Commercial real estate
 
Loans to individuals
 
Total
 
(dollars in thousands)
Pass
$
942,673

 
$
50,664

 
$
1,238,633

 
$
1,140,648

 
$
591,326

 
$
3,963,944

Non-Pass
 
 
 
 
 
 
 
 
 
 
 
OAEM
43,909

 
911

 
5,075

 
59,894

 
2

 
109,791

Substandard
71,081

 
15,364

 
11,807

 
43,134

 
167

 
141,553

Doubtful
—

 
3,522

 
—

 
—

 
—

 
3,522

Total Non-Pass
114,990

 
19,797

 
16,882

 
103,028

 
169

 
254,866

Total
$
1,057,663

 
$
70,461

 
$
1,255,515

 
$
1,243,676

 
$
591,495

 
$
4,218,810

 
 
December 31, 2012
 
Commercial, financial, agricultural and other
 
Real estate construction
 
Residential real estate
 
Commercial real estate
 
Loans to individuals
 
Total
 
(dollars in thousands)
Pass
$
925,868

 
$
64,353

 
$
1,224,849

 
$
1,119,093

 
$
582,039

 
$
3,916,202

Non-Pass
 
 
 
 
 
 
 
 
 
 
 
OAEM
31,049

 
925

 
5,647

 
82,581

 
3

 
120,205

Substandard
62,905

 
18,638

 
11,069

 
71,987

 
176

 
164,775

Doubtful
—

 
3,522

 
—

 
—

 
—

 
3,522

Total Non-Pass
93,954

 
23,085

 
16,716

 
154,568

 
179

 
288,502

Total
$
1,019,822

 
$
87,438

 
$
1,241,565

 
$
1,273,661

 
$
582,218

 
$
4,204,704
Age Analysis of Past Due Loans by Segment
The following tables delineate the aging analysis of the recorded investments in past due loans as of March 31, 2013 and December 31, 2012. Also included in these tables are loans that are 90 days or more past due and still accruing because they are well-secured and in the process of collection.
 
 
March 31, 2013
 
30 - 59
days
past due
 
60 - 89
days
past
due
 
90 days
and
greater
and still
accruing
 
Nonaccrual
 
Total past
due and
nonaccrual
 
Current
 
Total
 
(dollars in thousands)
Commercial, financial, agricultural and other
$
3,054

 
$
2,380

 
$
1,108

 
$
28,666

 
$
35,208

 
$
1,022,455

 
$
1,057,663

Real estate construction
206

 
15

 
500

 
7,112

 
7,833

 
62,628

 
70,461

Residential real estate
6,282

 
2,420

 
963

 
9,740

 
19,405

 
1,236,110

 
1,255,515

Commercial real estate
9,903

 
921

 
279

 
18,456

 
29,559

 
1,214,117

 
1,243,676

Loans to individuals
2,565

 
576

 
1,077

 
167

 
4,385

 
587,110

 
591,495

Total
$
22,010

 
$
6,312

 
$
3,927

 
$
64,141

 
$
96,390

 
$
4,122,420

 
$
4,218,810

 
 
December 31, 2012
 
30 - 59
days
past due
 
60 - 89
days
past
due
 
90 days
and
greater
and still
accruing
 
Nonaccrual
 
Total past
due and
nonaccrual
 
Current
 
Total
 
(dollars in thousands)
Commercial, financial, agricultural and other
$
991

 
$
620

 
$
288

 
$
29,258

 
$
31,157

 
$
988,665

 
$
1,019,822

Real estate construction
2

 
19

 
15

 
9,778

 
9,814

 
77,624

 
87,438

Residential real estate
6,597

 
2,357

 
730

 
9,283

 
18,967

 
1,222,598

 
1,241,565

Commercial real estate
3,339

 
1,389

 
195

 
46,023

 
50,946

 
1,222,715

 
1,273,661

Loans to individuals
3,140

 
934

 
1,219

 
176

 
5,469

 
576,749

 
582,218

Total
$
14,069

 
$
5,319

 
$
2,447

 
$
94,518

 
$
116,353

 
$
4,088,351

 
$
4,204,704
Recorded Investment and Unpaid Principal Balance for Impaired Loans with Associated Allowance
The following tables include the recorded investment and unpaid principal balance for impaired loans with the associated allowance amount, if applicable, as of March 31, 2013 and December 31, 2012. Also presented are the average recorded investment in impaired loans and the related amount of interest recognized while the loan was considered impaired. Average balances are calculated based on month-end balances of the loans for the period reported.
 
 
March 31, 2013
 
December 31, 2012
 
Recorded
investment
 
Unpaid
principal
balance
 
Related
allowance
 
Recorded
investment
 
Unpaid
principal
balance
 
Related
allowance
 
(dollars in thousands)
With no related allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
Commercial, financial, agricultural and other
$
8,649

 
$
9,601

 
$
—

 
$
8,080

 
$
8,983

 
$
—

Real estate construction
6,122

 
27,005

 
—

 
8,491

 
35,555

 
—

Residential real estate
8,666

 
9,269

 
—

 
7,928

 
8,401

 
—

Commercial real estate
16,711

 
23,250

 
—

 
33,259

 
35,401

 
—

Loans to individuals
240

 
247

 
—

 
256

 
256

 
—

Subtotal
40,388

 
69,372

 
—

 
58,014

 
88,596

 
—

With an allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
Commercial, financial, agricultural and other
25,702

 
26,655

 
9,846

 
26,532

 
27,412

 
10,331

Real estate construction
2,860

 
3,169

 
503

 
2,756

 
3,087

 
300

Residential real estate
2,663

 
2,666

 
1,091

 
2,695

 
2,696

 
780

Commercial real estate
6,668

 
7,263

 
1,249

 
17,558

 
17,896

 
6,367

Loans to individuals
—

 
—

 
—

 
—

 
—

 
—

Subtotal
37,893

 
39,753

 
12,689

 
49,541

 
51,091

 
17,778

Total
$
78,281

 
$
109,125

 
$
12,689

 
$
107,555

 
$
139,687

 
$
17,778

 
 
For the Three-Months Ended March 31,
 
2013
 
2012
 
Average
recorded
investment
 
Interest
Income
Recognized
 
Average
recorded
investment
 
Interest
Income
Recognized
 
(dollars in thousands)
With no related allowance recorded:
 
 
 
 
 
 
 
Commercial, financial, agricultural and other
$
8,592

 
$
51

 
$
3,258

 
$
18

Real estate construction
7,877

 
—

 
3,646

 
—

Residential real estate
8,516

 
37

 
3,354

 
5

Commercial real estate
33,978

 
11

 
24,275

 
23

Loans to individuals
247

 
1

 
—

 
—

Subtotal
59,210

 
100

 
34,533

 
46

With an allowance recorded:
 
 
 
 
 
 
 
Commercial, financial, agricultural and other
25,803

 
19

 
30,350

 
3

Real estate construction
2,685

 
13

 
10,432

 
—

Residential real estate
2,457

 
4

 
952

 
7

Commercial real estate
6,704

 
25

 
5,889

 
9

Loans to individuals
—

 
—

 
—

 
—

Subtotal
37,649

 
61

 
47,623

 
19

Total
$
96,859

 
$
161

 
$
82,156

 
$
65

 
 
 
 
 
 
 
 
Troubled Debt Restructured Loans and Commitments
The following table provides detail as to the total troubled debt restructured loans and total commitments outstanding on troubled debt restructured loans:
 
March 31, 2013
 
December 31, 2012
 
(dollars in thousands)
Troubled debt restructured loans
 
 
 
Accrual status
$
14,140

 
$
13,037

Nonaccrual status
32,565

 
50,979

Total
$
46,705

 
$
64,016

Commitments
 
 
 
Letters of credit
$
—

 
$
1,574

Unused lines of credit
1,083

 
—

Total
$
1,083

 
$
1,574
Troubled Debt Restructurings is 90 days or more past due
The following tables provide detail, including specific reserve and reasons for modification, related to loans identified as troubled debt restructurings:
 
For the Three-Months Ended March 31, 2013
 
 
 
Type of Modification
 
 
 
 
 
 
 
Number
of
Contracts
 
Extend
Maturity
 
Modify
Rate
 
Modify
Payments
 
Total
Pre-Modification
Outstanding
Recorded
Investment
 
Post-
Modification
Outstanding
Recorded
Investment
 
Specific
Reserve
 
(dollars in thousands)
Commercial, financial, agricultural and other
2

 
$
426

 
$
—

 
$
12

 
$
438

 
$
377

 
$
—

Residential real estate
9

 
7

 
214

 
514

 
735

 
677

 
—

Commercial real estate
1

 
—

 
244

 
—

 
244

 
242

 
—

Loans to individuals
4

 
—

 
23

 
4

 
27

 
25

 
 
Total
16

 
$
433

 
$
481

 
$
530

 
$
1,444

 
$
1,321

 
$
—

 
For the Three-Months Ended March 31, 2012
 
 
 
Type of Modification
 
 
 
 
 
 
 
Number
of
Contracts
 
Extend
Maturity
 
Modify
Rate
 
Modify
Payments
 
Total
Pre-Modification
Outstanding
Recorded
Investment
 
Post-
Modification
Outstanding
Recorded
Investment
 
Specific
Reserve
 
(dollars in thousands)
Residential real estate
2

 
$
—

 
$
97

 
$
—

 
$
97

 
$
53

 
$
—
Troubled Debt Restructuring Identified During Period
The following provides information related to restructured loans that were considered to default during the three-months ended March 31,:
 
 
2013
 
2012
 
Number of
Contracts
 
Recorded
Investment
 
Number of
Contracts
 
Recorded
Investment
 
(dollars in thousands)
Residential real estate
1

 
10

 
—

 
—

Commercial real estate
—

 
$
—

 
2

 
$
980

Loans to individuals
1

 
6

 
—

 
—

Total
2

 
$
16

 
2

 
$
980
Allowance for Credit Losses
The following tables provide detail related to the allowance for credit losses:
 
For the Three-Months Ended March 31, 2013
 
Commercial,
financial,
agricultural
and other
 
Real estate
construction
 
Residential
real estate
 
Commercial
real estate
 
Loans to
individuals
 
Unallocated
 
Total
 
(dollars in thousands)
Allowance for credit losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning Balance
$
19,852

 
$
8,928

 
$
5,908

 
$
22,441

 
$
4,132

 
$
5,926

 
$
67,187

Charge-offs
(538
)
 
(84
)
 
(322
)
 
(8,544
)
 
(988
)
 
—

 
(10,476
)
Recoveries
128

 
12

 
723

 
97

 
94

 
—

 
1,054

Provision (credit)
833

 
(1,123
)
 
(560
)
 
4,476

 
901

 
(30
)
 
4,497

Ending Balance
$
20,275

 
$
7,733

 
$
5,749

 
$
18,470

 
$
4,139

 
$
5,896

 
$
62,262

Ending balance: individually evaluated for impaired
$
9,846

 
$
503

 
$
1,091

 
$
1,249

 
$
—

 
$
—

 
$
12,689

Ending balance: collectively evaluated for impaired
10,429

 
7,230

 
4,658

 
17,221

 
4,139

 
5,896

 
49,573

Loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance
1,057,663

 
70,461

 
1,255,515

 
1,243,676

 
591,495

 
 
 
4,218,810

Ending balance: individually evaluated for impaired
33,322

 
8,917

 
7,813

 
21,369

 
—

 
 
 
71,421

Ending balance: collectively evaluated for impaired
1,024,341

 
61,544

 
1,247,702

 
1,222,307

 
591,495

 
 
 
4,147,389

 
 
For the Three-Months Ended March 31, 2012
 
Commercial,
financial,
agricultural
and other
 
Real estate
construction
 
Residential
real estate
 
Commercial
real estate
 
Loans to
individuals
 
Unallocated
 
Total
 
(dollars in thousands)
Allowance for credit losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning Balance
$
18,200

 
$
6,756

 
$
8,237

 
$
18,961

 
$
4,244

 
$
4,836

 
$
61,234

Charge-offs
(1,914
)
 
(190
)
 
(1,712
)
 
(235
)
 
(941
)
 
—

 
(4,992
)
Recoveries
238

 
56

 
133

 
158

 
118

 
—

 
703

Provision (credit)
1,619

 
(195
)
 
44

 
487

 
831

 
1,001

 
3,787

Ending Balance
$
18,143

 
$
6,427

 
$
6,702

 
$
19,371

 
$
4,252

 
$
5,837

 
$
60,732

Ending balance: individually evaluated for impaired
$
7,555

 
$
2,891

 
$
553

 
$
921

 
$
—

 
$
—

 
$
11,920

Ending balance: collectively evaluated for impaired
10,588

 
3,536

 
6,149

 
18,450

 
4,252

 
5,837

 
48,812

Loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance
1,051,209

 
64,158

 
1,174,572

 
1,264,060

 
574,589

 
 
 
4,128,588

Ending balance: individually evaluated for impaired
31,599

 
13,800

 
3,217

 
28,874

 
—

 
 
 
77,490

Ending balance: collectively evaluated for impaired
1,019,610

 
50,358

 
1,171,355

 
1,235,186

 
574,589

 
 
 
4,051,098