Loans and Allowance for Credit Losses (Tables)

9 Months Ended

Sep. 30, 2015

Loans and Leases Receivable Disclosure [Abstract]

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



	September 30, 2015		December 31, 2014
	(dollars in thousands)
Commercial, financial, agricultural and other	$	1,126,881	$	1,052,109
Real estate construction	179,710		120,785
Residential real estate	1,204,220		1,226,344
Commercial real estate	1,435,954		1,405,256
Loans to individuals	628,970		652,814
Total loans and leases net of unearned income	$	4,575,735	$	4,457,308

Credit Risk Profile by Creditworthiness

The following tables represent our credit risk profile by creditworthiness:



	September 30, 2015
	Commercial, financial, agricultural and other		Real estate construction		Residential real estate		Commercial real estate		Loans to individuals		Total
	(dollars in thousands)
Pass	$	1,043,458	$	179,229	$	1,192,888	$	1,394,506	$	628,735	$	4,438,816
Non-Pass
OAEM	22,447		450		2,926		29,373		—		55,196
Substandard	60,976		31		8,406		12,075		235		81,723
Doubtful	—		—		—		—		—		—
Total Non-Pass	83,423		481		11,332		41,448		235		136,919
Total	$	1,126,881	$	179,710	$	1,204,220	$	1,435,954	$	628,970	$	4,575,735



	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 September 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.



	September 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	$	3,817	$	59	$	149	$	17,334	$	21,359	$	1,105,522	$	1,126,881
Real estate construction	—		—		—		31		31		179,679		179,710
Residential real estate	3,562		1,187		618		6,563		11,930		1,192,290		1,204,220
Commercial real estate	35		442		331		4,640		5,448		1,430,506		1,435,954
Loans to individuals	2,624		756		956		235		4,571		624,399		628,970
Total	$	10,038	$	2,444	$	2,054	$	28,803	$	43,339	$	4,532,396	$	4,575,735



	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 September 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.



	September 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	$	10,581	$	15,618			$	9,439	$	10,937
Real estate construction	31		119				236		476
Residential real estate	9,778		11,399				10,773		12,470
Commercial real estate	6,885		7,862				8,768		10,178
Loans to individuals	296		358				288		337
Subtotal	27,571		35,356				29,504		34,398
With an allowance recorded:
Commercial, financial, agricultural and other	12,812		13,254		4,202		24,826		25,583		9,304
Real estate construction	—		—		—		—		—		—
Residential real estate	364		556		20		367		380		56
Commercial real estate	80		80		33		554		554		101
Loans to individuals	—		—		—		—		—		—
Subtotal	13,256		13,890		4,255		25,747		26,517		9,461
Total	$	40,827	$	49,246	$	4,255	$	55,251	$	60,915	$	9,461



	For the Nine Months Ended September 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	$	19,199	$	161	$	15,209	$	77
Real estate construction	102		—		1,506		19
Residential real estate	10,987		118		11,047		167
Commercial real estate	8,545		69		9,007		78
Loans to individuals	312		14		309		3
Subtotal	39,145		362		37,078		344
With an allowance recorded:
Commercial, financial, agricultural and other	6,125		100		11,944		125
Real estate construction	—		—		—		—
Residential real estate	275		—		1,178		12
Commercial real estate	83		4		90		3
Loans to individuals	—		—		—		—
Subtotal	6,483		104		13,212		140
Total	$	45,628	$	466	$	50,290	$	484



	For the Three Months Ended September 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	$	14,215	$	40	$	10,973	$	39
Real estate construction	32		—		295		1
Residential real estate	10,748		39		10,590		38
Commercial real estate	7,894		26		8,873		24
Loans to individuals	314		5		346		1
Subtotal	33,203		110		31,077		103
With an allowance recorded:
Commercial, financial, agricultural and other	7,700		29		14,140		48
Real estate construction	—		—		—		—
Residential real estate	351		—		1,406		3
Commercial real estate	81		1		88		2
Loans to individuals	—		—		—		—
Subtotal	8,132		30		15,634		53
Total	$	41,335	$	140	$	46,711	$	156

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:



	September 30, 2015		December 31, 2014
	(dollars in thousands)
Troubled debt restructured loans
Accrual status	$	12,024	$	12,584
Nonaccrual status	8,583		16,952
Total	$	20,607	$	29,536
Commitments
Unused lines of credit	$	1,162	$	4,120

Troubled Debt Restructurings is 90 days or more past due




	For the Three Months Ended September 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	1	$	—	$	—	$	543	$	543	$	525	$	—
Residential real estate	8	$	—	$	—	$	455	$	455	$	455	$	—
Loans to individuals	2	—		—		18		18		16		—
Total	11	$	—	$	—	$	1,016	$	1,016	$	996	$	—



	For the Three Months Ended, September 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)
Residential real estate	24	—		164		1,116		1,280		1,233		2
Loans to individuals	3	—		8		15		23		20		—
Total	27	$	—	$	172	$	1,131	$	1,303	$	1,253	$	2

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



	For the Nine Months Ended September 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	4	$	1,751	$	—	$	652	$	2,403	$	2,314	$	52
Residential real estate	24	—		296		958		1,254		1,165		—
Commercial real estate	1	—		—		464		464		407		—
Loans to individuals	8	—		61		35		96		77		—
Total	37	$	1,751	$	357	$	2,109	$	4,217	$	3,963	$	52



	For the Nine Months Ended September 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	$	1,505	$	—	$	—	$	1,505	$	1,648	$	27
Residential real estate	44	—		468		1,767		2,235		2,091		22
Commercial real estate	1	—		—		8		8		6		—
Loans to individuals	13	—		81		42		123		101		—
Total	60	$	1,505	$	549	$	1,817	$	3,871	$	3,846	$	49

Troubled Debt Restructuring Identified During Period



	2015			2014
	Number of Contracts	Recorded Investment		Number of Contracts	Recorded Investment
	(dollars in thousands)
Residential real estate	3	$	108	3	$	18
Total	3	$	108	3	$	18

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



	2015			2014
	Number of Contracts	Recorded Investment		Number of Contracts	Recorded Investment
	(dollars in thousands)
Residential real estate	2	$	105	1	$	5
Total	2	$	105	1	$	5

Allowance for Credit Losses

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



	For the Nine Months Ended September 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	(8,579		)	—			(1,351		)	(1,249		)	(3,283		)	(14,462		)
Recoveries	922			84			417			186			502			2,111
Provision (credit)	5,230			(554		)	(54		)	1,584			2,612			8,818
Ending Balance	$	27,200		$	1,593		$	2,676		$	12,402		$	4,647		$	48,518
Ending balance: individually evaluated for impairment	$	4,202		$	—		$	20		$	33		$	—		$	4,255
Ending balance: collectively evaluated for impairment	22,998			1,593			2,656			12,369			4,647			44,263
Loans:
Ending balance	1,126,881			179,710			1,204,220			1,435,954			628,970			4,575,735
Ending balance: individually evaluated for impairment	22,852			—			6,037			5,706			—			34,595
Ending balance: collectively evaluated for impairment	1,104,029			179,710			1,198,183			1,430,248			628,970			4,541,140



	For the Nine Months Ended September 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	(8,357		)	(296		)	(2,286		)	(1,109		)	(2,581		)	(14,629		)
Recoveries	625			469			420			432			621			2,567
Provision (credit)	4,773			1,331			(407		)	1,453			1,471			8,621
Ending Balance	$	19,704		$	8,104		$	5,454		$	12,554		$	4,968		$	50,784
Ending balance: individually evaluated for impairment	$	4,271		$	—		$	332		$	29		$	—		$	4,632
Ending balance: collectively evaluated for impairment	15,433			8,104			5,122			12,525			4,968			46,152
Loans:
Ending balance	1,071,531			115,788			1,234,842			1,345,302			644,018			4,411,481
Ending balance: individually evaluated for impairment	23,773			199			6,854			6,890			—			37,716
Ending balance: collectively evaluated for impairment	1,047,758			115,589			1,227,988			1,338,412			644,018			4,373,765




	For the Three Months Ended September 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	$	23,755		$	1,518	$	2,923		$	12,227		$	4,921		$	45,344
Charge-offs	(639		)	—		(301		)	(561		)	(900		)	(2,401		)
Recoveries	564			—		178			33			179			954
Provision (credit)	3,520			75		(124		)	703			447			4,621
Ending Balance	$	27,200		$	1,593	$	2,676		$	12,402		$	4,647		$	48,518




	For the Three Months Ended, September 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	$	21,956		$	5,899	$	6,125		$	11,661		$	5,084		$	50,725
Charge-offs	(498		)	—		(551		)	(812		)	(1,019		)	(2,880		)
Recoveries	204			132		97			177			256			866
Provision (credit)	(1,958		)	2,073		(217		)	1,528			647			2,073
Ending Balance	$	19,704		$	8,104	$	5,454		$	12,554		$	4,968		$	50,784