Loans and Allowance for Credit Losses (Tables)

6 Months Ended

Jun. 30, 2012

Loans and Allowance for Credit Losses [Abstract]

Outstanding Balances of Loan

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

	June 30, 2012		December 31, 2011
	(dollars in thousands)
Commercial, financial, agricultural and other	$	1,059,675	$	996,739
Real estate construction		77,442		76,564
Residential real estate		1,213,610		1,137,059
Commercial real estate		1,232,270		1,267,432
Loans to individuals		576,534		565,849
Total loans and leases net of unearned income	$	4,159,531	$	4,043,643

Credit risk profile by creditworthiness

The following tables represent our credit risk profile by creditworthiness:

	June 30, 2012
	Commercial, financial, agricultural and other		Real estate construction		Residential real estate		Commercial real estate		Loans to individuals		Total
	(dollars in thousands)
Pass	$	955,231	$	50,028	$	1,202,163	$	1,103,062	$	576,530	$	3,887,014
Non-Pass
OAEM		27,384		699		5,668		68,925		4		102,680
Substandard		77,060		21,004		5,779		60,283		0		164,126
Doubtful		0		5,711		0		0		0		5,711
Total Non-Pass		104,444		27,414		11,447		129,208		4		272,517
Total	$	1,059,675	$	77,442	$	1,213,610	$	1,232,270	$	576,534	$	4,159,531

	December 31, 2011
	Commercial, financial, agricultural and other		Real estate construction		Residential real estate		Commercial real estate		Loans to individuals		Total
	(dollars in thousands)
Pass	$	904,057	$	44,914	$	1,126,143	$	1,110,664	$	565,842	$	3,751,620
Non-Pass
OAEM		27,627		4,238		5,484		61,855		7		99,211
Substandard		60,114		21,701		5,432		94,913		0		182,160
Doubtful		4,941		5,711		0		0		0		10,652
Total Non-Pass		92,682		31,650		10,916		156,768		7		292,023
Total	$	996,739	$	76,564	$	1,137,059	$	1,267,432	$	565,849	$	4,043,643

Age analysis of past due loans by segment

	June 30, 2012
	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	$	9,148	$	4,101	$	3,604	$	27,758	$	44,611	$	1,015,064	$	1,059,675
Real estate construction		16		0		469		15,060		15,545		61,897		77,442
Residential real estate		6,555		1,852		4,961		3,923		17,291		1,196,319		1,213,610
Commercial real estate		1,497		431		305		31,951		34,184		1,198,086		1,232,270
Loans to individuals		2,384		875		1,248		0		4,507		572,027		576,534
Total	$	19,600	$	7,259	$	10,587	$	78,692	$	116,138	$	4,043,393	$	4,159,531
	December 31, 2011
	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	$	5,433	$	824	$	287	$	33,459	$	40,003	$	956,736	$	996,739
Real estate construction		0		180		0		14,911		15,091		61,473		76,564
Residential real estate		7,144		2,100		8,767		3,153		21,164		1,115,895		1,137,059
Commercial real estate		3,671		1,241		157		26,953		32,022		1,235,410		1,267,432
Loans to individuals		2,952		962		1,804		0		5,718		560,131		565,849
Total	$	19,200	$	5,307	$	11,015	$	78,476	$	113,998	$	3,929,645	$	4,043,643

Recorded investment and unpaid principal balance for impaired loans with the associated allowance

	June 30, 2012						December 31, 2011
	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	$	6,003	$	7,034	$	0	$	2,010	$	3,418	$	0
Real estate construction		4,132		10,281		0		10,814		20,161		0
Residential real estate		3,050		3,498		0		3,125		3,513		0
Commercial real estate		30,303		31,888		0		36,777		41,974		0
Loans to individuals		0		0		0		0		0		0
Subtotal		43,488		52,701		0		52,726		69,066		0
With an allowance recorded:
Commercial, financial, agricultural and other		25,972		26,685		8,046		34,056		34,341		9,069
Real estate construction		10,928		31,827		2,747		6,298		21,402		2,960
Residential real estate		1,820		1,820		431		955		955		93
Commercial real estate		2,735		2,939		510		4,717		4,863		1,114
Loans to individuals		0		0		0		0		0		0
Subtotal		41,455		63,271		11,734		46,026		61,561		13,236
Total	$	84,943	$	115,972	$	11,734	$	98,752	$	130,627	$	13,236

	For the Six-Months Ended June 30,
	2012				2011
	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	$	10,291	$	21	$	3,167	$	5
Real estate construction		7,268		0		12,727		2
Residential real estate		9,219		11		2,005		2
Commercial real estate		26,529		53		29,407		18
Loans to individuals		0		0		16		0
Subtotal		53,307		85		47,322		27
With an allowance recorded:
Commercial, financial, agricultural and other		19,101		6		27,026		76
Real estate construction		6,865		0		31,124		2
Residential real estate		797		14		506		0
Commercial real estate		2,028		0		29,292		177
Loans to individuals		0		0		0		0
Subtotal		28,791		20		87,948		255
Total	$	82,098	$	105	$	135,270	$	282

	For the Three-Months Ended June 30,
	2012				2011
	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	$	7,735	$	3	$	2,297	$	2
Real estate construction		10,118		0		10,204		2
Residential real estate		15,082		6		1,987		1
Commercial real estate		25,696		19		26,255		7
Loans to individuals		0		0		7		0
Subtotal		58,631		28		40,750		12
With an allowance recorded:
Commercial, financial, agricultural and other		17,441		3		30,770		74
Real estate construction		4,068		0		31,701		1
Residential real estate		644		7		722		0
Commercial real estate		1,253		0		39,912		164
Loans to individuals		0		0		0		0
Subtotal		23,406		10		103,105		239
Total	$	82,037	$	38	$	143,855	$	251

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, 2012		December 31, 2011
	(dollars in thousands)
Troubled debt restructured loans
Accrual status	$	6,251	$	20,276
Nonaccrual status		45,235		44,841
Total	$	51,486	$	65,117
Commitments
Letters of credit	$	0	$	12,580
Unused lines of credit		55		42
Total	$	55	$	12,622

Troubled debt restructurings identified during the period

	2012				2011
	Number of Contracts		Recorded Investment		Number of Contracts		Recorded Investment
	(dollars in thousands)
Commercial, financial, agricultural and other		0	$	0		1	$	150
Real estate construction		0		0		1		88
Total		0	$	0		2	$	238

Troubled debt restructuring is 90 days or more past due

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

	For the Six-Months Ended June 30, 2012
			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	$	447	$	18	$	6,029	$	6,494	$	6,494	$	2,760
Real estate construction		1		823		0		0		823		815		0
Residential real estate		3		0		97		83		180		133		0
Total		8	$	1,270	$	115	$	6,112	$	7,497	$	7,442	$	2,760

	For the Six-Months Ended June 30, 2011
			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		9	$	100	$	105	$	2,168	$	2,373	$	2,370	$	720
Real estate construction		4		354		0		0		354		371		15
Residential real estate		3		0		27		75		102		101		0
Commercial real estate		15		17,163		199		1,497		18,859		18,758		1,743
Total		31	$	17,617	$	331	$	3,740	$	21,688	$	21,600	$	2,478

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

	For the Three-Months Ended June 30, 2012
			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	$	447	$	18	$	6,029	$	6,494	$	6,494	$	2,760
Real estate construction		1		823		0		0		823		815		0
Residential real estate		1		0		0		83		83		82		0
Total		6	$	1,270	$	18	$	6,112	$	7,400	$	7,391	$	2,760

	For the Three-Months Ended June 30, 2011
			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		0	$	0	$	0	$	0	$	0	$	0	$	0
Real estate construction		1		0		0		0		0		0		0
Residential real estate		2		0		15		75		90		90		0
Commercial real estate		4		10,033		0		849		10,882		10,839		250
Total		7	$	10,033	$	15	$	924	$	10,972	$	10,929	$	250

Allowance for credit losses

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

	For the Six-Months Ended June 30, 2012
	Commercial, financial, agricultural and other			Real estate construction			Residential real estate			Commercial real estate			Loans to individuals			Unallocated		Total
	(dollars in thousands)
Allowance for credit losses:
Beginning Balance	$	18,200		$	6,756		$	8,237		$	18,961		$	4,244		$	4,836	$	61,234
Charge-offs		(3,668	)		(340	)		(2,454	)		(541	)		(1,738	)		0		(8,741	)
Recoveries		275			92			282			186			264			0		1,099
Provision		4,495			1,493			554			(968	)		1,439			1,071		8,084
Ending Balance	$	19,302		$	8,001		$	6,619		$	17,638		$	4,209		$	5,907	$	61,676
Ending balance: individually evaluated for impaired	$	8,046		$	2,747		$	431		$	510		$	0		$	0	$	11,734
Ending balance: collectively evaluated for impaired		11,256			5,254			6,188			17,128			4,209			5,907		49,942
Loans:
Ending balance		1,059,675			77,442			1,213,610			1,232,270			576,534					4,159,531
Ending balance: individually evaluated for impaired		31,271			14,915			2,911			31,493			0					80,590
Ending balance: collectively evaluated for impaired		1,028,404			62,527			1,210,699			1,200,777			576,534					4,078,941

	For the Six-Months Ended June 30, 2011
	Commercial, financial, agricultural and other			Real estate construction			Residential real estate			Commercial real estate			Loans to individuals			Unallocated			Total
	(dollars in thousands)
Allowance for credit losses:
Beginning Balance	$	21,700		$	18,002		$	5,454		$	16,913		$	4,215		$	4,945		$	71,229
Charge-offs		(2,957	)		(8,048	)		(1,700	)		(5,575	)		(1,522	)		0			(19,802	)
Recoveries		261			0			96			164			289			0			810
Provision		4,171			7,747			3,020			7,278			888			(175	)		22,929
Ending Balance	$	23,175		$	17,701		$	6,870		$	18,780		$	3,870		$	4,770		$	75,166
Ending balance: individually evaluated for impaired	$	12,717		$	14,222		$	216		$	7,711		$	0		$	0		$	34,866
Ending balance: collectively evaluated for impaired		10,458			3,479			6,654			11,069			3,870			4,770			40,300
Loans:
Ending balance		943,186			146,113			1,101,859			1,270,797			530,103						3,992,058
Ending balance: individually evaluated for impaired		40,447			37,087			2,174			63,743			0						143,451
Ending balance: collectively evaluated for impaired		902,739			109,026			1,099,685			1,207,054			530,103						3,848,607

	For the Three-Months Ended June 30, 2012
	Commercial, financial, agricultural and other			Real estate construction			Residential real estate			Commercial real estate			Loans to individuals			Unallocated			Total
	(dollars in thousands)
Allowance for credit losses:
Beginning Balance	$	18,143		$	6,427		$	6,702		$	19,371		$	4,252		$	5,837		$	60,732
Charge-offs		(1,754	)		(150	)		(742	)		(306	)		(797	)		0			(3,749	)
Recoveries		37			36			149			28			146			0			396
Provision		2,876			1,688			510			(1,455	)		608			70			4,297
Ending Balance	$	19,302		$	8,001		$	6,619		$	17,638		$	4,209		$	5,907		$	61,676
	For the Three-Months Ended June 30, 2011
	Commercial, financial, agricultural and other			Real estate construction			Residential real estate			Commercial real estate			Loans to individuals			Unallocated			Total
	(dollars in thousands)
Allowance for credit losses:
Beginning Balance	$	22,436		$	18,779		$	6,682		$	20,174		$	3,861		$	4,860		$	76,792
Charge-offs		(1,997	)		(3,049	)		(596	)		(4,809	)		(743	)		0			(11,194	)
Recoveries		157			0			77			88			134			0			456
Provision		2,579			1,971			707			3,327			618			(90	)		9,112
Ending Balance	$	23,175		$	17,701		$	6,870		$	18,780		$	3,870		$	4,770		$	75,166