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Loans and Allowance for Credit Losses (Tables)
 3 Months Ended
Mar. 31, 2016
Troubled Debt Restructuring Subsequent Default [Line Items]  
Troubled Debt Restructuring Subsequent Default [Table Text Block]
A troubled debt restructuring is considered to be in default when a restructured loan is 90 days or more past due. The following table provides information related to restructured loans that were considered to be in default during the three months ended March 31:
 
2016
 
2015
 
Number of
Contracts
 
Recorded
Investment
 
Number of
Contracts
 
Recorded
Investment
 
(dollars in thousands)
Residential real estate
2

 
$
70

 
—

 
$
—

Total
2

 
$
70

 
—

 
$
—
Outstanding Balances of Loan
The following table provides outstanding balances related to each of our loan types:
 
 
March 31, 2016
 
December 31, 2015
 
(dollars in thousands)
Commercial, financial, agricultural and other
$
1,190,384

 
$
1,150,906

Real estate construction
256,856

 
220,736

Residential real estate
1,212,962

 
1,224,465

Commercial real estate
1,552,904

 
1,479,000

Loans to individuals
585,649

 
608,643

Total loans
$
4,798,755

 
$
4,683,750
Credit Risk Profile by Creditworthiness
The following tables represent our credit risk profile by creditworthiness:
 
March 31, 2016
 
Commercial, financial, agricultural and other
 
Real estate construction
 
Residential real estate
 
Commercial real estate
 
Loans to individuals
 
Total
 
(dollars in thousands)
Pass
$
1,085,770

 
$
256,423

 
$
1,198,103

 
$
1,530,565

 
$
585,269

 
$
4,656,130

Non-Pass
 
 
 
 
 
 
 
 
 
 
 
OAEM
18,522

 
433

 
5,178

 
7,676

 
—

 
31,809

Substandard
86,092

 
—

 
9,681

 
14,663

 
380

 
110,816

Doubtful
—

 
—

 
—

 
—

 
—

 
—

Total Non-Pass
104,614

 
433

 
14,859

 
22,339

 
380

 
142,625

Total
$
1,190,384

 
$
256,856

 
$
1,212,962

 
$
1,552,904

 
$
585,649

 
$
4,798,755

 
 
December 31, 2015
 
Commercial, financial, agricultural and other
 
Real estate construction
 
Residential real estate
 
Commercial real estate
 
Loans to individuals
 
Total
 
(dollars in thousands)
Pass
$
1,074,858

 
$
220,267

 
$
1,209,606

 
$
1,436,714

 
$
608,342

 
$
4,549,787

Non-Pass
 
 
 
 
 
 
 
 
 
 
 
OAEM
11,825

 
442

 
5,244

 
30,012

 
—

 
47,523

Substandard
64,223

 
27

 
9,615

 
12,274

 
301

 
86,440

Doubtful
—

 
—

 
—

 
—

 
—

 
—

Total Non-Pass
76,048

 
469

 
14,859

 
42,286

 
301

 
133,963

Total
$
1,150,906

 
$
220,736

 
$
1,224,465

 
$
1,479,000

 
$
608,643

 
$
4,683,750
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, 2016 and December 31, 2015. 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, 2016
 
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
$
277

 
$
92

 
$
130

 
$
34,851

 
$
35,350

 
$
1,155,034

 
$
1,190,384

Real estate construction
—

 
—

 
86

 
—

 
86

 
256,770

 
256,856

Residential real estate
3,639

 
1,308

 
205

 
6,642

 
11,794

 
1,201,168

 
1,212,962

Commercial real estate
1,270

 
—

 
—

 
4,963

 
6,233

 
1,546,671

 
1,552,904

Loans to individuals
1,732

 
548

 
909

 
380

 
3,569

 
582,080

 
585,649

Total
$
6,918

 
$
1,948

 
$
1,330

 
$
46,836

 
$
57,032

 
$
4,741,723

 
$
4,798,755

 
 
December 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
$
364

 
$
49

 
$
129

 
$
23,653

 
$
24,195

 
$
1,126,711

 
$
1,150,906

Real estate construction
280

 
—

 
—

 
28

 
308

 
220,428

 
220,736

Residential real estate
4,175

 
1,055

 
1,315

 
6,500

 
13,045

 
1,211,420

 
1,224,465

Commercial real estate
781

 
—

 
65

 
6,223

 
7,069

 
1,471,931

 
1,479,000

Loans to individuals
2,998

 
774

 
946

 
301

 
5,019

 
603,624

 
608,643

Total
$
8,598

 
$
1,878

 
$
2,455

 
$
36,705

 
$
49,636

 
$
4,634,114

 
$
4,683,750
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, 2016 and December 31, 2015. 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.
 
 
March 31, 2016
 
December 31, 2015
 
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
$
18,120

 
$
23,975

 


 
$
11,344

 
$
15,673

 


Real estate construction
—

 
—

 


 
28

 
117

 


Residential real estate
10,848

 
12,893

 


 
9,952

 
11,819

 


Commercial real estate
6,805

 
8,474

 


 
7,562

 
9,449

 


Loans to individuals
498

 
615

 


 
421

 
507

 


Subtotal
36,271

 
45,957

 


 
29,307

 
37,565

 


With an allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
Commercial, financial, agricultural and other
24,526

 
24,701

 
12,900

 
20,132

 
22,590

 
6,952

Real estate construction
—

 
—

 
—

 
—

 
—

 
—

Residential real estate
496

 
728

 
75

 
461

 
672

 
51

Commercial real estate
522

 
525

 
420

 
944

 
1,008

 
42

Loans to individuals
—

 
—

 
—

 
—

 
—

 
—

Subtotal
25,544

 
25,954

 
13,395

 
21,537

 
24,270

 
7,045

Total
$
61,815

 
$
71,911

 
$
13,395

 
$
50,844

 
$
61,835

 
$
7,045

 
 
For the Three Months Ended March 31,
 
2016
 
2015
 
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
$
17,298

 
$
152

 
$
19,375

 
$
57

Real estate construction
17

 
44

 
239

 
—

Residential real estate
10,724

 
47

 
10,155

 
38

Commercial real estate
7,658

 
38

 
7,711

 
20

Loans to individuals
480

 
1

 
307

 
1

Subtotal
36,177

 
282

 
37,787

 
116

With an allowance recorded:
 
 
 
 
 
 
 
Commercial, financial, agricultural and other
17,027

 
28

 
10,917

 
28

Real estate construction
—

 
—

 
—

 
—

Residential real estate
497

 
—

 
901

 
3

Commercial real estate
529

 
5

 
1,323

 
1

Loans to individuals
—

 
—

 
—

 
—

Subtotal
18,053

 
33

 
13,141

 
32

Total
$
54,230

 
$
315

 
$
50,928

 
$
148

 
 
 
 
 
 
 
 
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, 2016
 
December 31, 2015
 
(dollars in thousands)
Troubled debt restructured loans
 
 
 
Accrual status
$
14,979

 
$
14,139

Nonaccrual status
13,366

 
12,360

Total
$
28,345

 
$
26,499

Commitments
 
 
 
Unused lines of credit
$
1,367

 
$
3,252

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, 2016
 
 
 
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

 
$
—

 
$
3,769

 
$
—

 
$
3,769

 
$
3,749

 
$
—

Residential real estate
8

 
—

 
114

 
874

 
988

 
910

 
—

Commercial real estate
3

 
65

 
—

 
133

 
198

 
169

 
—

Loans to individuals
3

 
—

 
18

 
5

 
23

 
16

 
—

Total
16

 
$
65

 
$
3,901

 
$
1,012

 
$
4,978

 
$
4,844

 
$
—


 
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

 
$
—
Allowance for Credit Losses
he following tables provide detail related to the allowance for credit losses:
 
For the Three Months Ended March 31, 2016
 
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
$
31,035

 
$
887

 
$
2,606

 
$
11,924

 
$
4,360

 
$
50,812

Charge-offs
(1,392
)
 
—

 
(382
)
 
(265
)
 
(1,469
)
 
(3,508
)
Recoveries
134

 
223

 
118

 
756

 
161

 
1,392

Provision (credit)
11,944

 
(209
)
 
286

 
(6,932
)
 
1,437

 
6,526

Ending Balance
$
41,721

 
$
901

 
$
2,628

 
$
5,483

 
$
4,489

 
$
55,222

Ending balance: individually evaluated for impairment
$
12,900

 
$
—

 
$
75

 
$
420

 
$
—

 
$
13,395

Ending balance: collectively evaluated for impairment
28,821

 
901

 
2,553

 
5,063

 
4,489

 
41,827

Loans:
 
 
 
 
 
 
 
 
 
 
 
Ending balance
1,190,384

 
256,856

 
1,212,962

 
1,552,904

 
585,649

 
4,798,755

Ending balance: individually evaluated for impairment
42,016

 
—

 
6,246

 
5,934

 
—

 
54,196

Ending balance: collectively evaluated for impairment
1,148,368

 
256,856

 
1,206,716

 
1,546,970

 
585,649

 
4,744,559

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
 
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