Loans and Allowance for Credit Losses (Tables)

9 Months Ended

Sep. 30, 2012

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


	September 30, 2012		December 31, 2011
	September 30, 2012		December 31, 2011
	(dollars in thousands)
Commercial, financial, agricultural and other	$	1,087,019	$	996,739
Real estate construction		95,425		76,564
Residential real estate		1,228,328		1,137,059
Commercial real estate		1,217,249		1,267,432
Loans to individuals		586,278		565,849

Total loans and leases net of unearned income		4,214,299	$	4,043,643

Credit Risk Profile by Creditworthiness

The following tables represent our credit risk profile by creditworthiness:


	September 30, 2012
	Commercial, financial, agricultural and other		Real estate construction		Residential real estate		Commercial real estate		Loans to individuals		Total
	(dollars in thousands)
Pass	$	987,376	$	71,995	$	1,212,272	$	1,087,424	$	586,191	$	3,945,258
Non-Pass
OAEM		27,334		939		5,568		63,563		3		97,407
Substandard		72,309		18,205		10,488		66,262		84		167,348
Doubtful		0		4,286		0		0		0		4,286

Total Non-Pass		99,643		23,430		16,056		129,825		87		269,041

Total	$	1,087,019	$	95,425	$	1,228,328	$	1,217,249	$	586,278	$	4,214,299


	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

The following tables delineate the aging analysis of the recorded investments in past due loans as of September 30, 2012 and December 31, 2011. 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, 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	$	1,440	$	679	$	221	$	28,827	$	31,167	$	1,055,852	$	1,087,019
Real estate construction		235		0		152		11,569		11,956		83,469		95,425
Residential real estate		7,642		1,986		1,277		8,910		19,815		1,208,513		1,228,328
Commercial real estate		6,651		169		162		37,340		44,322		1,172,927		1,217,249
Loans to individuals		2,684		820		1,186		84		4,774		581,504		586,278

Total	$	18,652	$	3,654	$	2,998	$	86,730	$	112,034	$	4,102,265	$	4,214,299

	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 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, 2012 and December 31, 2011. 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 based on month-end balances of the loans of the period reported.


	September 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	$	6,762	$	7,716	$	0	$	2,010	$	3,418	$	0
Real estate construction		4,087		7,424		0		10,814		20,161		0
Residential real estate		7,087		7,556		0		3,125		3,513		0
Commercial real estate		29,394		31,055		0		36,777		41,974		0
Loans to individuals		84		84		0		0		0		0

Subtotal		47,414		53,835		0		52,726		69,066		0
With an allowance recorded:
Commercial, financial, agricultural and other		26,719		27,558		7,306		34,056		34,341		9,069
Real estate construction		7,482		30,312		973		6,298		21,402		2,960
Residential real estate		2,752		2,752		719		955		955		93
Commercial real estate		9,539		9,752		3,916		4,717		4,863		1,114
Loans to individuals		0		0		0		0		0		0

Subtotal		46,492		70,374		12,914		46,026		61,561		13,236

Total	$	93,906	$	124,209	$	12,914	$	98,752	$	130,627	$	13,236


	For the Nine-Months Ended September 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	$	9,281	$	116	$	3,695	$	11
Real estate construction		6,641		0		21,611		1
Residential real estate		7,604		17		2,519		4
Commercial real estate		27,869		50		27,322		246
Loans to individuals		9		0		13		0

Subtotal		51,404		183		55,160		262
With an allowance recorded:
Commercial, financial, agricultural and other		21,025		5		29,614		126
Real estate construction		7,381		0		19,858		0
Residential real estate		1,532		20		422		1
Commercial real estate		2,713		11		35,595		301
Loans to individuals		0		0		0		0

Subtotal		32,651		36		85,489		428

Total	$	84,055	$	219	$	140,649	$	690


	For the Three-Months Ended September 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	$	6,664	$	94	$	1,989	$	6
Real estate construction		4,954		0		16,465		(1	)
Residential real estate		4,374		6		3,131		3
Commercial real estate		29,878		14		19,676		228
Loans to individuals		28		0		7		0

Subtotal		45,898		114		41,268		236
With an allowance recorded:
Commercial, financial, agricultural and other		25,469		2		37,552		50
Real estate construction		8,848		0		20,237		(2	)
Residential real estate		2,130		6		669		1
Commercial real estate		4,754		11		51,677		124
Loans to individuals		0		0		0		0

Subtotal		41,201		19		110,135		173

Total	$	87,099	$	133	$	151,403	$	409

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, 2012		December 31, 2011
	(dollars in thousands)
Troubled debt restructured loans
Accrual status	$	7,176	$	20,276
Nonaccrual status		46,026		44,841

Total	$	53,202	$	65,117

Commitments
Letters of credit	$	0	$	12,580
Unused lines of credit		1,342		42

Total	$	1,342	$	12,622

Troubled Debt Restructurings 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 Nine-Months Ended September 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		10	$	1,599	$	187	$	7,538	$	9,324	$	8,885	$	3,140
Real estate construction		1		823		0		0		823		791		0
Residential real estate		3		0		97		83		180		131		0
Commercial real estate		1		0		516		0		516		529		98

Total		15	$	2,422	$	800	$	7,621	$	10,843	$	10,336	$	3,238


	For the Nine-Months Ended September 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		10	$	100	$	105	$	2,218	$	2,423	$	2,402	$	606
Real estate construction		4		354		0		0		354		506		0
Residential real estate		5		0		100		179		279		274		7
Commercial real estate		18		17,202		199		1,978		19,379		19,237		1,551

Total		37	$	17,656	$	404	$	4,375	$	22,435	$	22,419	$	2,164

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 September 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		6	$	1,153	$	169	$	1,509	$	2,831	$	3,004	$	746
Real estate construction		0		0		0		0		0		0		0
Residential real estate		0		0		0		0		0		0		0
Commercial real estate		1		0		516		0		516		529		98

Total		7	$	1,153	$	685	$	1,509	$	3,347	$	3,533	$	844


	For the Three-Months Ended September 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		1	$	0	$	0	$	50	$	50	$	46	$	0
Real estate construction		0		0		0		0		0		0		0
Residential real estate		2		0		73		104		177		175		7
Commercial real estate		3		39		0		481		520		517		0

Total		6	$	39	$	73	$	635	$	747	$	738	$	7

Troubled Debt Restructuring Identified During Period

The following provides information related to restructured loans that were considered to default during the nine-months ended September 30:


	2012				2011
	Number of Contracts		Recorded Investment		Number of Contracts		Recorded Investment
	(dollars in thousands)
Real estate construction		0	$	0		1	$	88

Total		0	$	0		1	$	88

Allowance for Credit Losses

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


	For the Nine-Months Ended September 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		(4,939	)		(2,356	)		(2,984	)		(638	)		(2,494	)		0		(13,411	)
Recoveries		349			121			331			256			396			0		1,453
Provision		4,470			4,341			1,120			1,855			2,074			978		14,838

Ending Balance	$	18,080		$	8,862		$	6,704		$	20,434		$	4,220		$	5,814	$	64,114

Ending balance: individually evaluated for impaired	$	7,306		$	973		$	719		$	3,916		$	0		$	0	$	12,914
Ending balance: collectively evaluated for impaired		10,774			7,889			5,985			16,518			4,220			5,814		51,200
Loans:
Ending balance		1,087,019			95,425			1,228,328			1,217,249			586,278					4,214,299
Ending balance: individually evaluated for impaired		32,833			11,427			7,224			37,369			0					88,853
Ending balance: collectively evaluated for impaired		1,054,186			83,998			1,221,104			1,179,880			586,278					4,125,446


	For the Nine-Months Ended September 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		(3,642	)		(14,570	)		(2,686	)		(6,918	)		(2,332	)		0			(30,148	)
Recoveries		335			0			118			239			440			0			1,132
Provision		196			11,984			3,770			12,443			1,708			(197	)		29,904

Ending Balance	$	18,589		$	15,416		$	6,656		$	22,677		$	4,031		$	4,748		$	72,117

Ending balance: individually evaluated for impaired	$	10,503		$	12,551		$	171		$	11,674		$	0		$	0		$	34,899
Ending balance: collectively evaluated for impaired		8,086			2,865			6,485			11,003			4,031			4,748			37,218
Loans:
Ending balance		950,547			97,354			1,096,339			1,284,720			544,763						3,973,723
Ending balance: individually evaluated for impaired		37,738			35,957			2,290			81,375			0						157,360
Ending balance: collectively evaluated for impaired		912,809			61,397			1,094,049			1,203,345			544,763						3,816,363


	For the Three-Months Ended September 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	$	19,302		$	8,001		$	6,619		$	17,638		$	4,209		$	5,907		$	61,676
Charge-offs		(1,271	)		(2,016	)		(530	)		(97	)		(756	)		0			(4,670	)
Recoveries		74			29			49			70			132			0			354
Provision		(25	)		2,848			566			2,823			635			(93	)		6,754

Ending Balance	$	18,080		$	8,862		$	6,704		$	20,434		$	4,220		$	5,814		$	64,114


	For the Three-Months Ended September 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	$	23,175		$	17,701		$	6,870		$	18,780		$	3,870		$	4,770		$	75,166
Charge-offs		(685	)		(6,522	)		(986	)		(1,343	)		(810	)		0			(10,346	)
Recoveries		74			0			22			75			151			0			322
Provision		(3,975	)		4,237			750			5,165			820			(22	)		6,975

Ending Balance	$	18,589		$	15,416		$	6,656		$	22,677		$	4,031		$	4,748		$	72,117