Loans and Allowance for Credit Losses (Tables)

6 Months Ended

Jun. 30, 2015

Loans and Leases Receivable Disclosure [Abstract]

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



	June 30, 2015		December 31, 2014
	(dollars in thousands)
Commercial, financial, agricultural and other	$	1,098,019	$	1,052,109
Real estate construction	125,010		120,785
Residential real estate	1,204,499		1,226,344
Commercial real estate	1,416,841		1,405,256
Loans to individuals	646,485		652,814
Total loans and leases net of unearned income	$	4,490,854	$	4,457,308

Credit Risk Profile by Creditworthiness

The following tables represent our credit risk profile by creditworthiness:



	June 30, 2015
	Commercial, financial, agricultural and other		Real estate construction		Residential real estate		Commercial real estate		Loans to individuals		Total
	(dollars in thousands)
Pass	$	1,034,313	$	124,518	$	1,192,296	$	1,372,966	$	646,255	$	4,370,348
Non-Pass
OAEM	7,902		458		2,228		29,994		—		40,582
Substandard	55,804		34		9,975		13,881		230		79,924
Doubtful	—		—		—		—		—		—
Total Non-Pass	63,706		492		12,203		43,875		230		120,506
Total	$	1,098,019	$	125,010	$	1,204,499	$	1,416,841	$	646,485	$	4,490,854



	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 June 30, 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.



	June 30, 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	$	636	$	73	$	33	$	15,587	$	16,329	$	1,081,690	$	1,098,019
Real estate construction	—		—		—		34		34		124,976		125,010
Residential real estate	3,013		677		686		8,199		12,575		1,191,924		1,204,499
Commercial real estate	137		739		—		6,345		7,221		1,409,620		1,416,841
Loans to individuals	2,707		625		873		230		4,435		642,050		646,485
Total	$	6,493	$	2,114	$	1,592	$	30,395	$	40,594	$	4,450,260	$	4,490,854



	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 June 30, 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 their period-end allowance position.



	June 30, 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	$	16,809	$	24,267			$	9,439	$	10,937
Real estate construction	34		120				236		476
Residential real estate	11,277		12,861				10,773		12,470
Commercial real estate	8,534		9,402				8,768		10,178
Loans to individuals	302		360				288		337
Subtotal	36,956		47,010				29,504		34,398
With an allowance recorded:
Commercial, financial, agricultural and other	5,195		5,555		1,596		24,826		25,583		9,304
Real estate construction	—		—		—		—		—		—
Residential real estate	328		500		35		367		380		56
Commercial real estate	192		192		44		554		554		101
Loans to individuals	—		—		—		—		—		—
Subtotal	5,715		6,247		1,675		25,747		26,517		9,461
Total	$	42,671	$	53,257	$	1,675	$	55,251	$	60,915	$	9,461



	For the Six Months Ended June 30,
	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	$	21,691	$	120	$	13,841	$	32
Real estate construction	137		—		2,112		18
Residential real estate	11,025		86		10,602		124
Commercial real estate	8,760		43		8,494		55
Loans to individuals	312		2		290		2
Subtotal	41,925		251		35,339		231
With an allowance recorded:
Commercial, financial, agricultural and other	5,337		72		14,333		76
Real estate construction	—		—		—		—
Residential real estate	319				1,738		15
Commercial real estate	194		3		670		2
Loans to individuals	—		—		—		—
Subtotal	5,850		75		16,741		93
Total	$	47,775	$	326	$	52,080	$	324



	For the Three Months Ended June 30,
	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	$	18,526	$	65	$	12,658	$	14
Real estate construction	36		—		1,148		6
Residential real estate	11,302		45		9,858		75
Commercial real estate	8,682		24		7,388		22
Loans to individuals	316		1		310		1
Subtotal	38,862		135		31,362		118
With an allowance recorded:
Commercial, financial, agricultural and other	5,237		42		15,086		32
Real estate construction	—		—		—		—
Residential real estate	329		—		1,836		7
Commercial real estate	193		1		1,136		1
Loans to individuals	—		—		—		—
Subtotal	5,759		43		18,058		40
Total	$	44,621	$	178	$	49,420	$	158

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:



	June 30, 2015		December 31, 2014
	(dollars in thousands)
Troubled debt restructured loans
Accrual status	$	12,276	$	12,584
Nonaccrual status	8,619		16,952
Total	$	20,895	$	29,536
Commitments
Unused lines of credit	$	2,540	$	4,120

Troubled Debt Restructurings is 90 days or more past due



	For the Three Months Ended June 30, 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	2	$	252	$	—	$	109	$	361	$	317	$	53
Residential real estate	11	$	—	$	45	$	485	$	530	$	525	$	7
Loans to individuals	5	—		61		—		61		56		—
Total	18	$	252	$	106	$	594	$	952	$	898	$	60



	For the Three Months Ended, June 30, 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	$	1,420	$	—	$	—	$	1,420	$	1,433	$	—
Residential real estate	8	—		120		126		246		243		2
Loans to individuals	4	—		42		7		49		42		—
Total	13	$	1,420	$	162	$	133	$	1,715	$	1,718	$	2

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



	For the Six Months Ended June 30, 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	3	$	1,751	$	—	$	109	$	1,860	$	1,812	$	53
Residential real estate	16	—		296		503		799		723		7
Commercial real estate	1	—		—		463		463		428		—
Loans to individuals	6	—		61		18		79		66		—
Total	26	$	1,751	$	357	$	1,093	$	3,201	$	3,029	$	60



	For the Six Months Ended June 30, 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	2	$	1,480	$	—	$	—	$	1,480	$	1,463	$	20
Residential real estate	21	—		291		644		935		895		48
Commercial real estate	1	—		—		12		12		7		—
Loans to individuals	10	—		73		27		100		85		—
Total	34	$	1,480	$	364	$	683	$	2,527	$	2,450	$	68

Troubled Debt Restructuring Identified During Period



	2015			2014
	Number of Contracts	Recorded Investment		Number of Contracts	Recorded Investment
	(dollars in thousands)
Residential real estate	2	$	56	2	$	51
Total	2	$	56	2	$	51

The following table provides information related to restructured loans that were considered to be in default during the three months ended June 30:



	2015			2014
	Number of Contracts	Recorded Investment		Number of Contracts	Recorded Investment
	(dollars in thousands)
Residential real estate	2	$	56	1	$	6
Total	2	$	56	1	$	6

Allowance for Credit Losses

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



	For the Six Months Ended June 30, 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	(7,940		)	—			(1,050		)	(688		)	(2,383		)	(12,061		)
Recoveries	358			84			239			153			323			1,157
Provision (credit)	1,710			(629		)	70			881			2,165			4,197
Ending Balance	$	23,755		$	1,518		$	2,923		$	12,227		$	4,921		$	45,344
Ending balance: individually evaluated for impairment	$	1,596		$	—		$	35		$	44		$	—		$	1,675
Ending balance: collectively evaluated for impairment	22,159			1,518			2,888			12,183			4,921			43,669
Loans:
Ending balance	1,098,019			125,010			1,204,499			1,416,841			646,485			4,490,854
Ending balance: individually evaluated for impairment	21,419			—			7,700			7,625			—			36,744
Ending balance: collectively evaluated for impairment	1,076,600			125,010			1,196,799			1,409,216			646,485			4,454,110



	For the Six Months Ended June 30, 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	(7,859		)	(296		)	(1,735		)	(297		)	(1,562		)	(11,749		)
Recoveries	421			337			323			255			365			1,701
Provision (credit)	6,731			(742		)	(190		)	(75		)	824			6,548
Ending Balance	$	21,956		$	5,899		$	6,125		$	11,661		$	5,084		$	50,725
Ending balance: individually evaluated for impairment	$	4,995		$	—		$	546		$	531		$	—		$	6,072
Ending balance: collectively evaluated for impairment	16,961			5,899			5,579			11,130			5,084			44,653
Loans:
Ending balance	1,062,001			100,709			1,238,791			1,306,752			625,961			4,334,214
Ending balance: individually evaluated for impairment	24,573			486			7,624			6,965			—			39,648
Ending balance: collectively evaluated for impairment	1,037,428			100,223			1,231,167			1,299,787			625,961			4,294,566




	For the Three Months Ended June 30, 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	$	24,406		$	1,528		$	3,387		$	12,487		$	4,889		$	46,697
Charge-offs	(2,860		)	—			(484		)	(486		)	(1,122		)	(4,952		)
Recoveries	158			84			143			15			161			561
Provision (credit)	2,051			(94		)	(123		)	211			993			3,038
Ending Balance	$	23,755		$	1,518		$	2,923		$	12,227		$	4,921		$	45,344




	For the Three Months Ended, June 30, 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	$	26,125		$	6,214		$	6,026		$	11,119		$	5,022		$	54,506
Charge-offs	(6,258		)	(296		)	(640		)	(157		)	(752		)	(8,103		)
Recoveries	336			168			79			235			187			1,005
Provision (credit)	1,753			(187		)	660			464			627			3,317
Ending Balance	$	21,956		$	5,899		$	6,125		$	11,661		$	5,084		$	50,725