Loans and Allowance for Credit Losses (Tables)

3 Months Ended

Mar. 31, 2015

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, 2015		December 31, 2014
	(dollars in thousands)
Commercial, financial, agricultural and other	$	1,066,788	$	1,052,109
Real estate construction	107,882		120,785
Residential real estate	1,210,511		1,226,344
Commercial real estate	1,400,276		1,405,256
Loans to individuals	652,144		652,814
Total loans and leases net of unearned income	$	4,437,601	$	4,457,308

Credit Risk Profile by Creditworthiness

The following tables represent our credit risk profile by creditworthiness:

	March 31, 2015
	Commercial, financial, agricultural and other		Real estate construction		Residential real estate		Commercial real estate		Loans to individuals		Total
	(dollars in thousands)
Pass	$	1,006,516	$	107,180	$	1,198,876	$	1,350,930	$	651,883	$	4,315,385
Non-Pass
OAEM	31,642		466		1,661		30,054		—		63,823
Substandard	28,630		236		9,974		19,292		261		58,393
Doubtful	—		—		—		—		—		—
Total Non-Pass	60,272		702		11,635		49,346		261		122,216
Total	$	1,066,788	$	107,882	$	1,210,511	$	1,400,276	$	652,144	$	4,437,601

	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

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, 2015 and December 31, 2014. 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, 2015
	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	$	292	$	320	$	149	$	18,654	$	19,415	$	1,047,373	$	1,066,788
Real estate construction	—		—		—		236		236		107,646		107,882
Residential real estate	3,815		1,054		2,438		7,583		14,890		1,195,621		1,210,511
Commercial real estate	1,283		124		382		6,831		8,620		1,391,656		1,400,276
Loans to individuals	2,692		612		1,276		261		4,841		647,303		652,144
Total	$	8,082	$	2,110	$	4,245	$	33,565	$	48,002	$	4,389,599	$	4,437,601

	December 31, 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

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, 2015 and December 31, 2014. 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 using month-end balances of the loans for the period reported and are included in the table below based on its period-end allowance position.

	March 31, 2015						December 31, 2014
	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	$	14,650	$	20,137			$	9,439	$	10,937
Real estate construction	236		479				236		476
Residential real estate	9,901		11,749				10,773		12,470
Commercial real estate	7,958		9,317				8,768		10,178
Loans to individuals	318		383				288		337
Subtotal	33,063		42,065				29,504		34,398
With an allowance recorded:
Commercial, financial, agricultural and other	10,829		10,942		3,397		24,826		25,583		9,304
Real estate construction	—		—		—		—		—		—
Residential real estate	992		1,105		165		367		380		56
Commercial real estate	1,311		1,341		267		554		554		101
Loans to individuals	—		—		—		—		—		—
Subtotal	13,132		13,388		3,829		25,747		26,517		9,461
Total	$	46,195	$	55,453	$	3,829	$	55,251	$	60,915	$	9,461

	For the Three Months Ended March 31,
	2015				2014
	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	$	19,375	$	57	$	10,953	$	17
Real estate construction	239		—		2,438		12
Residential real estate	10,155		38		9,825		49
Commercial real estate	7,711		20		9,498		33
Loans to individuals	307		1		271		1
Subtotal	37,787		116		32,985		112
With an allowance recorded:
Commercial, financial, agricultural and other	10,917		28		17,649		45
Real estate construction	—		—		638		—
Residential real estate	901		3		3,161		8
Commercial real estate	1,323		1		307		1
Loans to individuals	—		—		—		—
Subtotal	13,141		32		21,755		54
Total	$	50,928	$	148	$	54,740	$	166

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, 2015		December 31, 2014
	(dollars in thousands)
Troubled debt restructured loans
Accrual status	$	12,630	$	12,584
Nonaccrual status	8,978		16,952
Total	$	21,608	$	29,536
Commitments
Unused lines of credit	$	391	$	4,120

Troubled Debt Restructurings is 90 days or more past due

The following tables provide detail, including specific reserves and reasons for modification, related to loans identified as troubled debt restructurings:

	For the Three Months Ended March 31, 2015
		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	1	$	1,498	$	—	$	—	$	1,498	$	1,476	$	—
Residential real estate	5	—		252		17		269		203		—
Commercial real estate	1	—		—		464		464		449		—
Loans to individuals	1	—		—		18		18		11		—
Total	8	$	1,498	$	252	$	499	$	2,249	$	2,139	$	—

	For the Three Months Ended March 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	1	$	60	$	—	$	—	$	60	$	60	$	29
Residential real estate	13	—		172		517		689		676		5
Commercial real estate	1	—		—		12		12		8		—
Loans to individuals	6	—		31		20		51		47		—
Total	21	$	60	$	203	$	549	$	812	$	791	$	34

Troubled Debt Restructuring Identified During Period

Allowance for Credit Losses

The following tables provide detail related to the allowance for credit losses:

	For the Three Months Ended March 31, 2015
	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	$	29,627		$	2,063		$	3,664		$	11,881		$	4,816		$	52,051
Charge-offs	(5,080		)	—			(566		)	(202		)	(1,261		)	(7,109		)
Recoveries	200			—			96			138			162			596
Provision (credit)	(341		)	(535		)	193			670			1,172			1,159
Ending Balance	$	24,406		$	1,528		$	3,387		$	12,487		$	4,889		$	46,697
Ending balance: individually evaluated for impairment	$	3,397		$	—		$	165		$	267		$	—		$	3,829
Ending balance: collectively evaluated for impairment	21,009			1,528			3,222			12,220			4,889			42,868
Loans:
Ending balance	1,066,788			107,882			1,210,511			1,400,276			652,144			4,437,601
Ending balance: individually evaluated for impairment	24,586			199			7,071			7,803			—			39,659
Ending balance: collectively evaluated for impairment	1,042,202			107,683			1,203,440			1,392,473			652,144			4,397,942

	For the Three Months Ended March 31, 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	(1,601		)	—			(1,095		)	(140		)	(810		)	(3,646		)
Recoveries	85			169			244			20			178			696
Provision (credit)	4,978			(555		)	(850		)	(539		)	197			3,231
Ending Balance	$	26,125		$	6,214		$	6,026		$	11,119		$	5,022		$	54,506
Ending balance: individually evaluated for impairment	$	9,886		$	74		$	496		$	47		$	—		$	10,503
Ending balance: collectively evaluated for impairment	16,239			6,140			5,530			11,072			5,022			44,003
Loans:
Ending balance	1,017,412			95,110			1,240,169			1,290,852			608,670			4,252,213
Ending balance: individually evaluated for impairment	31,730			2,797			9,103			5,773			—			49,403
Ending balance: collectively evaluated for impairment	985,682			92,313			1,231,066			1,285,079			608,670			4,202,810