Loans and Allowance for Credit Losses (Tables)

9 Months Ended

Sep. 30, 2016

Loans and Leases Receivable Disclosure [Abstract]

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



	September 30, 2016		December 31, 2015
	(dollars in thousands)
Commercial, financial, agricultural and other	$	1,207,447	$	1,150,906
Real estate construction	229,375		220,736
Residential real estate	1,185,759		1,224,465
Commercial real estate	1,683,015		1,479,000
Loans to individuals	555,056		608,643
Total loans	$	4,860,652	$	4,683,750

Credit Risk Profile by Creditworthiness

The following tables represent our credit risk profile by creditworthiness:



	September 30, 2016
	Commercial, financial, agricultural and other		Real estate construction		Residential real estate		Commercial real estate		Loans to individuals		Total
	(dollars in thousands)
Pass	$	1,105,422	$	229,092	$	1,172,174	$	1,661,908	$	554,792	$	4,723,388
Non-Pass
OAEM	26,758		283		5,962		7,002		—		40,005
Substandard	75,267		—		7,623		14,105		264		97,259
Doubtful	—		—		—		—		—		—
Total Non-Pass	102,025		283		13,585		21,107		264		137,264
Total	$	1,207,447	$	229,375	$	1,185,759	$	1,683,015	$	555,056	$	4,860,652



	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 September 30, 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.



	September 30, 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	$	780	$	37	$	826	$	30,868	$	32,511	$	1,174,936	$	1,207,447
Real estate construction	—		—		—		—		—		229,375		229,375
Residential real estate	3,736		878		527		6,031		11,172		1,174,587		1,185,759
Commercial real estate	785		73		195		3,377		4,430		1,678,585		1,683,015
Loans to individuals	2,038		615		795		264		3,712		551,344		555,056
Total	$	7,339	$	1,603	$	2,343	$	40,540	$	51,825	$	4,808,827	$	4,860,652



	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 September 30, 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.



	September 30, 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	$	17,948	$	27,205			$	11,344	$	15,673
Real estate construction	—		—				28		117
Residential real estate	11,506		13,513				9,952		11,819
Commercial real estate	6,045		7,244				7,562		9,449
Loans to individuals	377		444				421		507
Subtotal	35,876		48,406				29,307		37,565
With an allowance recorded:
Commercial, financial, agricultural and other	18,238		20,748		7,739		20,132		22,590		6,952
Real estate construction	—		—		—		—		—		—
Residential real estate	175		215		6		461		672		51
Commercial real estate	537		537		430		944		1,008		42
Loans to individuals	—		—		—		—		—		—
Subtotal	18,950		21,500		8,175		21,537		24,270		7,045
Total	$	54,826	$	69,906	$	8,175	$	50,844	$	61,835	$	7,045



	For the Nine Months Ended September 30,
	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	$	24,020	$	421	$	19,199	$	161
Real estate construction	6		44		102		—
Residential real estate	11,546		232		10,987		118
Commercial real estate	7,143		140		8,545		69
Loans to individuals	423		10		312		14
Subtotal	43,138		847		39,145		362
With an allowance recorded:
Commercial, financial, agricultural and other	15,310		77		6,125		100
Real estate construction	—		—		—		—
Residential real estate	111		—		275		—
Commercial real estate	524		18		83		4
Loans to individuals	—		—		—		—
Subtotal	15,945		95		6,483		104
Total	$	59,083	$	942	$	45,628	$	466



	For the Three Months Ended September 30,
	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	$	24,674	$	128	$	14,215	$	40
Real estate construction	—		—		32		—
Residential real estate	11,636		94		10,748		39
Commercial real estate	6,463		73		7,894		26
Loans to individuals	384		7		314		5
Subtotal	43,157		302		33,203		110
With an allowance recorded:
Commercial, financial, agricultural and other	17,207		22		7,700		29
Real estate construction	—		—		—		—
Residential real estate	174		—		351		—
Commercial real estate	547		7		81		1
Loans to individuals	—		—		—		—
Subtotal	17,928		29		8,132		30
Total	$	61,085	$	331	$	41,335	$	140

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, 2016		December 31, 2015
	(dollars in thousands)
Troubled debt restructured loans
Accrual status	$	14,286	$	14,139
Nonaccrual status	12,723		12,360
Total	$	27,009	$	26,499
Commitments
Unused lines of credit	$	349	$	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 September 30, 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	1	$	—	$	—	$	3,853	$	3,853	$	3,853	$	1,612
Residential real estate	11	—		100		373		473		441		—
Commercial real estate	1	85		—		—		85		85		—
Loans to individuals	4	—		42		10		52		45		—
Total	17	$	85	$	142	$	4,236	$	4,463	$	4,424	$	1,612



	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	$	—

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, 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	5	$	93	$	4,009	$	3,853	$	7,955	$	7,281	$	1,612
Residential real estate	35	—		214		2,548		2,762		2,620		—
Commercial real estate	7	1,348		—		25		1,373		1,285		68
Loans to individuals	10	—		71		25		96		76		—
Total	57	$	1,441	$	4,294	$	6,451	$	12,186	$	11,262	$	1,680



	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

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 nine months ended September 30:



	2016			2015
	Number of Contracts	Recorded Investment		Number of Contracts	Recorded Investment
	(dollars in thousands)
Residential real estate	—	$	—	3	$	108
Total	—	$	—	3	$	108

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



	2016			2015
	Number of Contracts	Recorded Investment		Number of Contracts	Recorded Investment
	(dollars in thousands)
Residential real estate	—	$	—	2	$	105
Total	—	$	—	2	$	105

Allowance for Credit Losses

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



	For the Nine Months Ended September 30, 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	(13,308		)	—			(976		)	(418		)	(3,751		)	(18,453		)
Recoveries	261			227			407			803			371			2,069
Provision (credit)	23,935			(638		)	330			(6,725		)	3,404			20,306
Ending Balance	$	41,923		$	476		$	2,367		$	5,584		$	4,384		$	54,734
Ending balance: individually evaluated for impairment	$	7,739		$	—		$	6		$	430		$	—		$	8,175
Ending balance: collectively evaluated for impairment	34,184			476			2,361			5,154			4,384			46,559
Loans:
Ending balance	1,207,447			229,375			1,185,759			1,683,015			555,056			4,860,652
Ending balance: individually evaluated for impairment	35,501			—			5,670			5,081			—			46,252
Ending balance: collectively evaluated for impairment	1,171,946			229,375			1,180,089			1,677,934			555,056			4,814,400



	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 Three Months Ended September 30, 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	$	46,357		$	480		$	2,605		$	5,862		$	4,517		$	59,821
Charge-offs	(7,163		)	—			(374		)	(10		)	(1,260		)	(8,807		)
Recoveries	63			—			147			20			82			312
Provision (credit)	2,666			(4		)	(11		)	(288		)	1,045			3,408
Ending Balance	$	41,923		$	476		$	2,367		$	5,584		$	4,384		$	54,734



	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