Loans and Allowance for Credit Losses (Tables)

12 Months Ended

Dec. 31, 2014

Loans and Leases Receivable Disclosure [Abstract]

The following table provides outstanding balances related to each of our loan types as of December 31:



	2014		2013
	(dollars in thousands)
Commercial, financial, agricultural and other	$	1,052,109	$	1,021,056
Real estate construction	120,785		93,289
Residential real estate	1,226,344		1,262,718
Commercial real estate	1,405,256		1,296,472
Loans to individuals	652,814		610,298
Total loans and leases net of unearned income	$	4,457,308	$	4,283,833

Credit Risk Profile by Creditworthiness

The following tables represent our credit risk profile by creditworthiness category for the years ended December 31:



	2014
	Commercial, financial, agricultural and other		Real estate construction		Residential real estate		Commercial real estate		Loans to individuals		Total
	(dollars in thousands)
Pass	$	983,357	$	112,536	$	1,214,920	$	1,353,773	$	652,596	$	4,317,182
Non-Pass
OAEM	32,563		8,013		2,315		29,479		—		72,370
Substandard	32,028		236		9,109		22,004		218		63,595
Doubtful	4,161		—		—		—		—		4,161
Total Non-Pass	68,752		8,249		11,424		51,483		218		140,126
Total	$	1,052,109	$	120,785	$	1,226,344	$	1,405,256	$	652,814	$	4,457,308



	2013
	Commercial, financial, agricultural and other		Real estate construction		Residential real estate		Commercial real estate		Loans to individuals		Total
	(dollars in thousands)
Pass	$	943,107	$	79,679	$	1,245,422	$	1,243,170	$	610,094	$	4,121,472
Non-Pass
OAEM	35,429		9,710		5,161		28,823		1		79,124
Substandard	42,520		3,900		12,135		24,479		203		83,237
Doubtful	—		—		—		—		—		—
Total Non-Pass	77,949		13,610		17,296		53,302		204		162,361
Total	$	1,021,056	$	93,289	$	1,262,718	$	1,296,472	$	610,298	$	4,283,833

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 December 31. 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.



	2014
	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	$	2,816	$	213	$	264	$	27,007	$	30,300	$	1,021,809	$	1,052,109
Real estate construction	—		1		—		236		237		120,548		120,785
Residential real estate	5,162		1,295		1,077		7,900		15,434		1,210,910		1,226,344
Commercial real estate	1,797		122		—		7,306		9,225		1,396,031		1,405,256
Loans to individuals	3,698		1,059		1,278		218		6,253		646,561		652,814
Total	$	13,473	$	2,690	$	2,619	$	42,667	$	61,449	$	4,395,859	$	4,457,308



	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	$	594	$	319	$	185	$	23,631	$	24,729	$	996,327	$	1,021,056
Real estate construction	—		—		—		2,567		2,567		90,722		93,289
Residential real estate	4,002		524		1,041		10,520		16,087		1,246,631		1,262,718
Commercial real estate	1,199		23		13		8,966		10,201		1,286,271		1,296,472
Loans to individuals	2,895		990		1,266		204		5,355		604,943		610,298
Total	$	8,690	$	1,856	$	2,505	$	45,888	$	58,939	$	4,224,894	$	4,283,833

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 December 31, 2014 and 2013. Also presented are the average recorded investment in impaired loans and the related amount of interest recognized while the loan was considered impaired for the years ended December 31, 2014, 2013 and 2012. Average balances are calculated based on month-end balances of the loans for the period reported and are included in the table below based on its period end allowance position.



	2014
	Recorded investment		Unpaid principal balance		Related allowance		Average recorded investment		Interest Income Recognized
	(dollars in thousands)
With no related allowance recorded:
Commercial, financial, agricultural and other	$	9,439	$	10,937			$	11,536	$	133
Real estate construction	236		476				1,190		19
Residential real estate	10,773		12,470				11,592		210
Commercial real estate	8,768		10,178				8,830		98
Loans to individuals	288		337				308		4
Subtotal	29,504		34,398				33,456		464
With an allowance recorded:
Commercial, financial, agricultural and other	24,826		25,583		$	9,304	15,797		143
Real estate construction	—		—		—		—		—
Residential real estate	367		380		56		357		14
Commercial real estate	554		554		101		184		4
Loans to individuals	—		—		—		—		—
Subtotal	25,747		26,517		9,461		16,338		161
Total	$	55,251	$	60,915	$	9,461	$	49,794	$	625



	2013
	Recorded investment		Unpaid principal balance		Related allowance		Average recorded investment		Interest Income Recognized

With no related allowance recorded:
Commercial, financial, agricultural and other	$	6,752	$	7,649			$	14,454	$	73
Real estate construction	3,486		6,664				5,923		47
Residential real estate	9,333		9,952				9,280		211
Commercial real estate	13,606		14,719				27,881		250
Loans to individuals	289		307				255		3
Subtotal	33,466		39,291				57,793		584
With an allowance recorded:
Commercial, financial, agricultural and other	21,482		22,082		$	7,364	16,479		64
Real estate construction	414		737		94		515		—
Residential real estate	3,533		3,585		1,282		3,200		31
Commercial real estate	488		612		84		188		—
Loans to individuals	—		—		—		—		—
Subtotal	25,917		27,016		8,824		20,382		95
Total	$	59,383	$	66,307	$	8,824	$	78,175	$	679



	2012
	Average recorded investment		Interest Income Recognized
	(dollars in thousands)
With no related allowance recorded:
Commercial, financial, agricultural and other	$	9,217	$	173
Real estate construction	11,912		—
Residential real estate	8,114		72
Commercial real estate	28,574		66
Loans to individuals	103		2
Subtotal	57,920		313
With an allowance recorded:
Commercial, financial, agricultural and other	21,979		9
Real estate construction	1,457		—
Residential real estate	1,599		15
Commercial real estate	5,024		32
Loans to individuals	—		—
Subtotal	30,059		56
Total	$	87,979	$	369

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 as of December 31:



	2014		2013		2012
	(dollars in thousands)
Troubled debt restructured loans
Accrual status	$	12,584	$	13,495	$	13,037
Nonaccrual status	16,952		16,980		50,979
Total	$	29,536	$	30,475	$	64,016
Commitments
Letters of credit	$	—	$	—	$	1,574
Unused lines of credit	4,120		452		—
Total	$	4,120	$	452	$	1,574

Troubled Debt Restructurings is 90 Days or More Past Due

he following tables provide detail, including specific reserve and reasons for modification, related to loans identified as troubled debt restructurings during the years ending December 31:



	2014
		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	9	$	5,487	$	—	$	14,529	$	20,016	$	13,785	$	4,665
Residential real estate	52	—		629		1,797		2,426		2,062		—
Commercial real estate	1	—		—		8		8		6		—
Loans to individuals	15	—		103		47		150		114		—
Total	77	$	5,487	$	732	$	16,381	$	22,600	$	15,967	$	4,665



	2013
		Type of Modification
	Number of Contracts	Extend Maturity		Modify Rate		Modify Payments		Other		Total Pre-Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment		Specific Reserve
	(dollars in thousands)
Commercial, financial, agricultural and other	14	$	3,462	$	—	$	1,677	$	—	$	5,139	$	3,104	$	906
Residential real estate	46	347		418		2,116		—		2,881		2,316		161
Commercial real estate	5	571		1,499		145		—		2,215		2,184		34
Loans to individuals	17	10		101		33		—		144		109		—
Total	82	$	4,390	$	2,018	$	3,971	$	—	$	10,379	$	7,713	$	1,101



	2012
		Type of Modification
	Number of Contracts	Extend Maturity		Modify Rate		Modify Payments		Other		Total Pre-Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment		Specific Reserve
	(dollars in thousands)
Commercial, financial, agricultural and other	12	$	1,599	$	187	$	9,476	$	—	$	11,262	$	11,335	$	4,237
Real estate construction	2	1,697		—		—		—		1,697		2,133		200
Residential real estate	25	200		132		697		48		1,077		973		69
Commercial real estate	4	3,280		4,308		71		—		7,659		7,607		409
Loans to individuals	17	—		97		88		6		191		173		—
Total	60	$	6,776	$	4,724	$	10,332	$	54	$	21,886	$	22,221	$	4,915

Allowance for Credit Losses

The following tables provide detail related to the allowance for credit losses for the years ended December 31. During 2013, the negative $5.9 million provision for credit losses related to the unallocated portion of the allowance is a result of it no longer being treated as a separate component of the allowance but instead is now incorporated into the reserve provided for each loan category. This portion of the allowance for credit losses reflects the qualitative or environmental factors that are likely to cause estimated credit losses to differ from historical loss experience.



	2014
	Commercial, financial, agricultural and other			Real estate construction			Residential real estate			Commercial real estate			Loans to individuals			Total
	(dollars in thousands)
Allowance for credit losses:
Beginning Balance	$	22,663		$	6,600		$	7,727		$	11,778		$	5,457		$	54,225
Charge-offs	(8,911		)	(296		)	(3,153		)	(1,148		)	(3,964		)	(17,472		)
Recoveries	734			1,340			650			612			766			4,102
Provision (credit)	15,141			(5,581		)	(1,560		)	639			2,557			11,196
Ending Balance	$	29,627		$	2,063		$	3,664		$	11,881		$	4,816		$	52,051
Ending balance: individually evaluated for impairment	$	9,304		$	—		$	56		$	101		$	—		$	9,461
Ending balance: collectively evaluated for impairment	20,323			2,063			3,608			11,780			4,816			42,590
Loans:
Ending balance	1,052,109			120,785			1,226,344			1,405,256			652,814			4,457,308
Ending balance: individually evaluated for impairment	33,332			193			7,127			7,790			—			48,442
Ending balance: collectively evaluated for impairment	1,018,777			120,592			1,219,217			1,397,466			652,814			4,408,866



	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	(18,399		)	(773		)	(1,814		)	(10,513		)	(3,679		)	—			(35,178		)
Recoveries	455			501			1,264			136			633			—			2,989
Provision	20,755			(2,056		)	2,369			(286		)	4,371			(5,926		)	19,227
Ending Balance	$	22,663		$	6,600		$	7,727		$	11,778		$	5,457		$	—		$	54,225
Ending balance: individually evaluated for impairment	$	7,364		$	94		$	1,282		$	84		$	—		$	—		$	8,824
Ending balance: collectively evaluated for impairment	15,299			6,506			6,445			11,694			5,457			—			45,401
Loans:
Ending balance	1,021,056			93,289			1,262,718			1,296,472			610,298						4,283,833
Ending balance: individually evaluated for impairment	27,251			3,844			9,349			12,151			—						52,595
Ending balance: collectively evaluated for impairment	993,805			89,445			1,253,369			1,284,321			610,298						4,231,238



	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	(5,207		)	(3,601		)	(3,828		)	(851		)	(3,482		)	—		(16,969		)
Recoveries	443			582			422			410			521			—		2,378
Provision (credit)	6,416			5,191			1,077			3,921			2,849			1,090		20,544
Ending Balance	$	19,852		$	8,928		$	5,908		$	22,441		$	4,132		$	5,926	$	67,187
Ending balance: individually evaluated for impairment	$	10,331		$	300		$	780		$	6,367		$	—		$	—	$	17,778
Ending balance: collectively evaluated for impairment	9,521			8,628			5,128			16,074			4,132			5,926		49,409
Loans:
Ending balance	1,019,822			87,438			1,241,565			1,273,661			582,218					4,204,704
Ending balance: individually evaluated for impairment	33,443			11,177			6,444			49,123			—					100,187
Ending balance: collectively evaluated for impairment	986,379			76,261			1,235,121			1,224,538			582,218					4,104,517