Loans and Allowance for Loan Losses (Tables)
|
12 Months Ended |
Dec. 31, 2013
|
Loans and Allowance for Loan Losses |
|
Schedule of changes in allowance for loan losses |
|
|
|
|
|
|
|
|
|
|
|
(Dollars in thousands)
|
|
Non-acquired
Loans |
|
Acquired Credit
Impaired Loans |
|
Total |
|
Year ended December 31, 2013: |
|
|
|
|
|
|
|
|
|
|
Balance at beginning of period |
|
$ |
44,378 |
|
$ |
17,218 |
|
$ |
61,596 |
|
Loans charged-off |
|
|
(15,289 |
) |
|
— |
|
|
(15,289 |
) |
Recoveries of loans previously charged off |
|
|
4,224 |
|
|
— |
|
|
4,224 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net charge-offs |
|
|
(11,065 |
) |
|
— |
|
|
(11,065 |
) |
Provision for loan losses |
|
|
1,018 |
|
|
(918 |
) |
|
100 |
|
Benefit attributable to FDIC loss share agreements |
|
|
— |
|
|
1,786 |
|
|
1,786 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total provision for loan losses charged to operations |
|
|
1,018 |
|
|
868 |
|
|
1,886 |
|
Provision for loan losses recorded through the FDIC loss share receivable |
|
|
— |
|
|
(1,786 |
) |
|
(1,786 |
) |
Reduction due to loan removals |
|
|
— |
|
|
(4,682 |
) |
|
(4,682 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at end of period |
|
$ |
34,331 |
|
$ |
11,618 |
|
$ |
45,949 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year ended December 31, 2012: |
|
|
|
|
|
|
|
|
|
|
Balance at beginning of period |
|
$ |
49,367 |
|
$ |
23,607 |
|
$ |
72,974 |
|
Loans charged-off |
|
|
(21,930 |
) |
|
— |
|
|
(21,930 |
) |
Recoveries of loans previously charged off |
|
|
3,756 |
|
|
— |
|
|
3,756 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net charge-offs |
|
|
(18,174 |
) |
|
— |
|
|
(18,174 |
) |
Provision for loan losses |
|
|
13,185 |
|
|
512 |
|
|
13,697 |
|
Benefit attributable to FDIC loss share agreements |
|
|
— |
|
|
(78 |
) |
|
(78 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total provision for loan losses charged to operations |
|
|
13,185 |
|
|
434 |
|
|
13,619 |
|
Provision for loan losses recorded through the FDIC loss share receivable |
|
|
— |
|
|
78 |
|
|
78 |
|
Reduction due to loan removals |
|
|
— |
|
|
(6,901 |
) |
|
(6,901 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at end of period |
|
$ |
44,378 |
|
$ |
17,218 |
|
$ |
61,596 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-acquired loans
|
|
Loans and Allowance for Loan Losses |
|
Schedule of changes in allowance for loan losses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Dollars in thousands)
|
|
Construction
& Land
Development |
|
Commercial
Non-owner
Occupied |
|
Commercial
Owner
Occupied |
|
Consumer
Owner
Occupied |
|
Home
Equity |
|
Commercial
& Industrial |
|
Other Income
Producing
Property |
|
Consumer |
|
Other
Loans |
|
Total |
|
Year ended December 31, 2013: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Allowance for loan losses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance, December 31, 2012 |
|
$ |
10,836 |
|
$ |
4,921 |
|
$ |
8,743 |
|
$ |
6,568 |
|
$ |
3,626 |
|
$ |
4,939 |
|
$ |
3,747 |
|
$ |
781 |
|
$ |
217 |
|
$ |
44,378 |
|
Charge-offs |
|
|
(4,656 |
) |
|
(660 |
) |
|
(2,695 |
) |
|
(1,462 |
) |
|
(1,219 |
) |
|
(1,329 |
) |
|
(816 |
) |
|
(2,452 |
) |
|
— |
|
|
(15,289 |
) |
Recoveries |
|
|
1,395 |
|
|
353 |
|
|
41 |
|
|
633 |
|
|
228 |
|
|
514 |
|
|
224 |
|
|
836 |
|
|
— |
|
|
4,224 |
|
Provision |
|
|
(786 |
) |
|
(937 |
) |
|
1,678 |
|
|
330 |
|
|
147 |
|
|
(532 |
) |
|
(646 |
) |
|
1,772 |
|
|
(8 |
) |
|
1,018 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance, December 31, 2013 |
|
$ |
6,789 |
|
$ |
3,677 |
|
$ |
7,767 |
|
$ |
6,069 |
|
$ |
2,782 |
|
$ |
3,592 |
|
$ |
2,509 |
|
$ |
937 |
|
$ |
209 |
|
$ |
34,331 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans individually evaluated for impairment |
|
$ |
704 |
|
$ |
— |
|
$ |
10 |
|
$ |
271 |
|
$ |
— |
|
$ |
— |
|
$ |
646 |
|
$ |
— |
|
$ |
— |
|
$ |
1,631 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans collectively evaluated for impairment |
|
$ |
6,085 |
|
$ |
3,677 |
|
$ |
7,757 |
|
$ |
5,798 |
|
$ |
2,782 |
|
$ |
3,592 |
|
$ |
1,863 |
|
$ |
937 |
|
$ |
209 |
|
$ |
32,700 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans individually evaluated for impairment |
|
$ |
5,739 |
|
$ |
2,681 |
|
$ |
11,560 |
|
$ |
3,013 |
|
$ |
— |
|
$ |
405 |
|
$ |
2,649 |
|
$ |
— |
|
$ |
— |
|
$ |
26,047 |
|
Loans collectively evaluated for impairment |
|
|
294,212 |
|
|
288,490 |
|
|
821,953 |
|
|
545,157 |
|
|
257,139 |
|
|
321,419 |
|
|
140,555 |
|
|
136,410 |
|
|
33,834 |
|
|
2,839,169 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total non-acquired loans |
|
$ |
299,951 |
|
$ |
291,171 |
|
$ |
833,513 |
|
$ |
548,170 |
|
$ |
257,139 |
|
$ |
321,824 |
|
$ |
143,204 |
|
$ |
136,410 |
|
$ |
33,834 |
|
$ |
2,865,216 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year ended December 31, 2012: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Allowance for loan losses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance, December 31, 2011 |
|
$ |
12,373 |
|
$ |
6,109 |
|
$ |
10,356 |
|
$ |
7,453 |
|
$ |
4,269 |
|
$ |
3,901 |
|
$ |
3,636 |
|
$ |
1,145 |
|
$ |
125 |
|
$ |
49,367 |
|
Charge-offs |
|
|
(8,454 |
) |
|
(2,348 |
) |
|
(2,781 |
) |
|
(1,850 |
) |
|
(1,394 |
) |
|
(2,033 |
) |
|
(924 |
) |
|
(2,146 |
) |
|
— |
|
|
(21,930 |
) |
Recoveries |
|
|
1,428 |
|
|
282 |
|
|
5 |
|
|
124 |
|
|
600 |
|
|
228 |
|
|
361 |
|
|
728 |
|
|
— |
|
|
3,756 |
|
Provision |
|
|
5,489 |
|
|
878 |
|
|
1,163 |
|
|
841 |
|
|
151 |
|
|
2,843 |
|
|
674 |
|
|
1,054 |
|
|
92 |
|
|
13,185 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance, December 31, 2012 |
|
$ |
10,836 |
|
$ |
4,921 |
|
$ |
8,743 |
|
$ |
6,568 |
|
$ |
3,626 |
|
$ |
4,939 |
|
$ |
3,747 |
|
$ |
781 |
|
$ |
217 |
|
$ |
44,378 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans individually evaluated for impairment |
|
$ |
1,573 |
|
$ |
411 |
|
$ |
648 |
|
$ |
213 |
|
$ |
— |
|
$ |
1,030 |
|
$ |
1,004 |
|
$ |
— |
|
$ |
— |
|
$ |
4,879 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans collectively evaluated for impairment |
|
$ |
9,263 |
|
$ |
4,510 |
|
$ |
8,095 |
|
$ |
6,355 |
|
$ |
3,626 |
|
$ |
3,909 |
|
$ |
2,743 |
|
$ |
781 |
|
$ |
217 |
|
$ |
39,499 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans individually evaluated for impairment |
|
$ |
13,549 |
|
$ |
5,344 |
|
$ |
20,212 |
|
$ |
1,954 |
|
$ |
— |
|
$ |
1,783 |
|
$ |
4,393 |
|
$ |
— |
|
$ |
— |
|
$ |
47,235 |
|
Loans collectively evaluated for impairment |
|
|
259,871 |
|
|
284,727 |
|
|
763,940 |
|
|
432,549 |
|
|
255,284 |
|
|
277,980 |
|
|
129,320 |
|
|
86,934 |
|
|
33,163 |
|
|
2,523,768 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total non-acquired loans |
|
$ |
273,420 |
|
$ |
290,071 |
|
$ |
784,152 |
|
$ |
434,503 |
|
$ |
255,284 |
|
$ |
279,763 |
|
$ |
133,713 |
|
$ |
86,934 |
|
$ |
33,163 |
|
$ |
2,571,003 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Schedule of credit risk profile by risk grade of loans |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Non-acquired Loans |
|
|
|
|
|
|
|
|
|
(Dollars in thousands)
|
|
December 31,
2013 |
|
December 31,
2012 |
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
2,656,027 |
|
$ |
2,293,728 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Special mention |
|
|
126,420 |
|
|
153,142 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Substandard |
|
|
82,717 |
|
|
124,108 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Doubtful |
|
|
52 |
|
|
25 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
2,865,216 |
|
$ |
2,571,003 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Aging analysis of past due loans, segregated by class of loans |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Dollars in thousands)
|
|
30 - 59 Days
Past Due |
|
60 - 89 Days
Past Due |
|
90+ Days
Past Due |
|
Total
Past Due |
|
Current |
|
Total
Loans |
|
December 31, 2013 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Construction and land development |
|
$ |
557 |
|
$ |
476 |
|
$ |
2,707 |
|
$ |
3,740 |
|
$ |
296,211 |
|
$ |
299,951 |
|
Commercial non-owner occupied |
|
|
1,780 |
|
|
1 |
|
|
2,684 |
|
|
4,465 |
|
|
286,706 |
|
|
291,171 |
|
Commercial owner occupied |
|
|
457 |
|
|
650 |
|
|
3,601 |
|
|
4,708 |
|
|
828,805 |
|
|
833,513 |
|
Consumer real estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer owner occupied |
|
|
1,526 |
|
|
1,107 |
|
|
2,621 |
|
|
5,254 |
|
|
542,916 |
|
|
548,170 |
|
Home equity loans |
|
|
780 |
|
|
214 |
|
|
422 |
|
|
1,416 |
|
|
255,723 |
|
|
257,139 |
|
Commercial and industrial |
|
|
390 |
|
|
105 |
|
|
370 |
|
|
865 |
|
|
320,959 |
|
|
321,824 |
|
Other income producing property |
|
|
950 |
|
|
19 |
|
|
2,634 |
|
|
3,603 |
|
|
139,601 |
|
|
143,204 |
|
Consumer |
|
|
337 |
|
|
142 |
|
|
28 |
|
|
507 |
|
|
135,903 |
|
|
136,410 |
|
Other loans |
|
|
33 |
|
|
36 |
|
|
30 |
|
|
99 |
|
|
33,735 |
|
|
33,834 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
6,810 |
|
$ |
2,750 |
|
$ |
15,097 |
|
$ |
24,657 |
|
$ |
2,840,559 |
|
$ |
2,865,216 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2012 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Construction and land development |
|
$ |
812 |
|
$ |
701 |
|
$ |
10,435 |
|
$ |
11,948 |
|
$ |
261,472 |
|
$ |
273,420 |
|
Commercial non-owner occupied |
|
|
1,013 |
|
|
572 |
|
|
3,605 |
|
|
5,190 |
|
|
284,881 |
|
|
290,071 |
|
Commercial owner occupied |
|
|
1,141 |
|
|
40 |
|
|
9,827 |
|
|
11,008 |
|
|
773,144 |
|
|
784,152 |
|
Consumer real estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer owner occupied |
|
|
1,433 |
|
|
241 |
|
|
4,045 |
|
|
5,719 |
|
|
428,784 |
|
|
434,503 |
|
Home equity loans |
|
|
735 |
|
|
170 |
|
|
395 |
|
|
1,300 |
|
|
253,984 |
|
|
255,284 |
|
Commercial and industrial |
|
|
1,187 |
|
|
513 |
|
|
549 |
|
|
2,249 |
|
|
277,514 |
|
|
279,763 |
|
Other income producing property |
|
|
322 |
|
|
278 |
|
|
3,253 |
|
|
3,853 |
|
|
129,860 |
|
|
133,713 |
|
Consumer |
|
|
364 |
|
|
151 |
|
|
112 |
|
|
627 |
|
|
86,307 |
|
|
86,934 |
|
Other loans |
|
|
49 |
|
|
41 |
|
|
36 |
|
|
126 |
|
|
33,037 |
|
|
33,163 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
7,056 |
|
$ |
2,707 |
|
$ |
32,257 |
|
$ |
42,020 |
|
$ |
2,528,983 |
|
$ |
2,571,003 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Summary of information pertaining to impaired loans |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Dollars in thousands)
|
|
Unpaid
Contractual
Principal
Balance |
|
Recorded
Investment
With No
Allowance |
|
Gross
Recorded
Investment
With Allowance |
|
Total
Recorded
Investment |
|
Related
Allowance |
|
December 31, 2013 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Construction and land development |
|
$ |
7,341 |
|
$ |
3,555 |
|
$ |
2,184 |
|
$ |
5,739 |
|
$ |
704 |
|
Commercial non-owner occupied |
|
|
3,592 |
|
|
2,681 |
|
|
— |
|
|
2,681 |
|
|
— |
|
Commercial owner occupied |
|
|
14,017 |
|
|
10,441 |
|
|
1,119 |
|
|
11,560 |
|
|
10 |
|
Consumer real estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer owner occupied |
|
|
3,063 |
|
|
— |
|
|
3,013 |
|
|
3,013 |
|
|
271 |
|
Home equity loans |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
Commercial and industrial |
|
|
477 |
|
|
405 |
|
|
— |
|
|
405 |
|
|
— |
|
Other income producing property |
|
|
2,794 |
|
|
554 |
|
|
2,095 |
|
|
2,649 |
|
|
646 |
|
Consumer |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
Other loans |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total impaired loans |
|
$ |
31,284 |
|
$ |
17,636 |
|
$ |
8,411 |
|
$ |
26,047 |
|
$ |
1,631 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2012 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Construction and land development |
|
$ |
21,350 |
|
$ |
8,659 |
|
$ |
4,890 |
|
$ |
13,549 |
|
$ |
1,573 |
|
Commercial non-owner occupied |
|
|
7,564 |
|
|
3,148 |
|
|
2,196 |
|
|
5,344 |
|
|
411 |
|
Commercial owner occupied |
|
|
23,566 |
|
|
15,698 |
|
|
4,514 |
|
|
20,212 |
|
|
648 |
|
Consumer real estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer owner occupied |
|
|
2,040 |
|
|
— |
|
|
1,954 |
|
|
1,954 |
|
|
213 |
|
Home equity loans |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
Commercial and industrial |
|
|
2,595 |
|
|
464 |
|
|
1,319 |
|
|
1,783 |
|
|
1,030 |
|
Other income producing property |
|
|
4,656 |
|
|
1,382 |
|
|
3,011 |
|
|
4,393 |
|
|
1,004 |
|
Consumer |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
Other loans |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total impaired loans |
|
$ |
61,771 |
|
$ |
29,351 |
|
$ |
17,884 |
|
$ |
47,235 |
|
$ |
4,879 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Summary of average investment in impaired loans and interest income recognized on impaired loans |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Years Ended December 31, |
|
|
|
2013 |
|
2012 |
|
(Dollars in thousands)
|
|
Average
Investment in
Impaired Loans |
|
Interest Income
Recognized |
|
Average
Investment in
Impaired Loans |
|
Interest Income
Recognized |
|
Commercial real estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Construction and land development |
|
$ |
10,589 |
|
$ |
98 |
|
$ |
18,048 |
|
$ |
114 |
|
Commercial non-owner occupied |
|
|
4,030 |
|
|
— |
|
|
7,503 |
|
|
85 |
|
Commercial owner occupied |
|
|
15,170 |
|
|
106 |
|
|
17,460 |
|
|
347 |
|
Consumer real estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer owner occupied |
|
|
845 |
|
|
154 |
|
|
2,223 |
|
|
65 |
|
Home equity loans |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
Commercial and industrial |
|
|
1,234 |
|
|
— |
|
|
921 |
|
|
23 |
|
Other income producing property |
|
|
3,463 |
|
|
35 |
|
|
3,171 |
|
|
117 |
|
Consumer |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
Other loans |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Impaired Loans |
|
$ |
35,331 |
|
$ |
393 |
|
$ |
49,326 |
|
$ |
751 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Summary of information pertaining to non-acquired nonaccrual loans by class |
|
|
|
|
|
|
|
|
|
|
December 31, |
|
(Dollars in thousands)
|
|
2013 |
|
2012 |
|
Commercial non-owner occupied real estate: |
|
|
|
|
|
|
|
Construction and land development |
|
$ |
5,819 |
|
$ |
11,961 |
|
Commercial non-owner occupied |
|
|
2,912 |
|
|
4,780 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total commercial non-owner occupied real estate |
|
|
8,731 |
|
|
16,741 |
|
Consumer real estate: |
|
|
|
|
|
|
|
Consumer owner occupied |
|
|
8,382 |
|
|
8,025 |
|
Home equity loans |
|
|
1,128 |
|
|
1,835 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total consumer real estate |
|
|
9,510 |
|
|
9,860 |
|
Commercial owner occupied real estate |
|
|
7,753 |
|
|
14,146 |
|
Commercial and industrial |
|
|
586 |
|
|
2,152 |
|
Other income producing property |
|
|
4,704 |
|
|
5,405 |
|
Consumer |
|
|
49 |
|
|
83 |
|
Other loans |
|
|
— |
|
|
— |
|
Restructured loans |
|
|
10,690 |
|
|
13,151 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total loans on nonaccrual status |
|
$ |
42,023 |
|
$ |
61,538 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Schedule of restructured loans segregated by class and type of concession |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Years Ended December 31, |
|
|
|
2013 |
|
2012 |
|
2011 |
|
(Dollars in thousands)
|
|
Number
of
loans |
|
Pre-
Modification
Outstanding
Recorded
Investment |
|
Post-
Modification
Outstanding
Recorded
Investment |
|
Number
of
loans |
|
Pre-
Modification
Outstanding
Recorded
Investment |
|
Post-
Modification
Outstanding
Recorded
Investment |
|
Number
of
loans |
|
Pre-
Modification
Outstanding
Recorded
Investment |
|
Post-
Modification
Outstanding
Recorded
Investment |
|
Interest rate modification |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Construction and land development |
|
|
1 |
|
$ |
120 |
|
$ |
120 |
|
|
1 |
|
$ |
165 |
|
$ |
156 |
|
|
15 |
|
$ |
3,595 |
|
$ |
3,194 |
|
Commercial non-owner occupied |
|
|
1 |
|
|
246 |
|
|
233 |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
Commercial owner occupied |
|
|
1 |
|
|
750 |
|
|
747 |
|
|
4 |
|
|
5,355 |
|
|
5,215 |
|
|
2 |
|
|
1,334 |
|
|
1,286 |
|
Consumer owner occupied |
|
|
1 |
|
|
124 |
|
|
116 |
|
|
— |
|
|
— |
|
|
— |
|
|
2 |
|
|
759 |
|
|
737 |
|
Commercial and industrial |
|
|
— |
|
|
— |
|
|
— |
|
|
1 |
|
|
474 |
|
|
464 |
|
|
— |
|
|
— |
|
|
— |
|
Other income producting property |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
2 |
|
|
409 |
|
|
404 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total interest rate modifications |
|
|
4 |
|
$ |
1,240 |
|
$ |
1,216 |
|
|
6 |
|
$ |
5,994 |
|
$ |
5,835 |
|
|
21 |
|
$ |
6,097 |
|
$ |
5,621 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Term modification |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Construction and land development |
|
|
— |
|
|
— |
|
|
— |
|
|
2 |
|
|
835 |
|
|
824 |
|
|
2 |
|
|
2,938 |
|
|
2,929 |
|
Commercial non-owner occupied |
|
|
— |
|
|
— |
|
|
— |
|
|
1 |
|
|
700 |
|
|
700 |
|
|
— |
|
|
— |
|
|
— |
|
Commercial owner occupied |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
2 |
|
|
928 |
|
|
864 |
|
Consumer owner occupied |
|
|
1 |
|
|
2,442 |
|
|
2,442 |
|
|
— |
|
|
— |
|
|
— |
|
|
1 |
|
|
605 |
|
|
591 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total term modifications |
|
|
1 |
|
$ |
2,442 |
|
$ |
2,442 |
|
|
3 |
|
$ |
1,535 |
|
$ |
1,524 |
|
|
5 |
|
$ |
4,471 |
|
$ |
4,384 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5 |
|
$ |
3,682 |
|
$ |
3,658 |
|
|
9 |
|
$ |
7,529 |
|
$ |
7,359 |
|
|
26 |
|
$ |
10,568 |
|
$ |
10,005 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Schedule of changes in status of loans restructured within the previous 12 months |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Paying Under
Restructured Terms |
|
Converted to
Nonaccrual |
|
Foreclosures and
Defaults |
|
(Dollars in thousands)
|
|
Number
of Loans |
|
Recorded
Investment |
|
Number
of Loans |
|
Recorded
Investment |
|
Number
of Loans |
|
Recorded
Investment |
|
Interest rate modification |
|
|
4 |
|
$ |
1,216 |
|
|
— |
|
$ |
— |
|
|
— |
|
$ |
— |
|
Term modification |
|
|
1 |
|
|
2,442 |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5 |
|
$ |
3,658 |
|
|
— |
|
$ |
— |
|
|
— |
|
$ |
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Summary of loans |
|
|
|
|
|
|
|
|
|
|
December 31, |
|
(Dollars in thousands)
|
|
2013 |
|
2012 |
|
Non-acquired loans: |
|
|
|
|
|
|
|
Commercial non-owner occupied real estate: |
|
|
|
|
|
|
|
Construction and land development |
|
$ |
299,951 |
|
$ |
273,420 |
|
Commercial non-owner occupied |
|
|
291,171 |
|
|
290,071 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total commercial non-owner occupied real estate |
|
|
591,122 |
|
|
563,491 |
|
Consumer real estate: |
|
|
|
|
|
|
|
Consumer owner occupied |
|
|
548,170 |
|
|
434,503 |
|
Home equity loans |
|
|
257,139 |
|
|
255,284 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total consumer real estate |
|
|
805,309 |
|
|
689,787 |
|
Commercial owner occupied real estate |
|
|
833,513 |
|
|
784,152 |
|
Commercial and industrial |
|
|
321,824 |
|
|
279,763 |
|
Other income producing property |
|
|
143,204 |
|
|
133,713 |
|
Consumer |
|
|
136,410 |
|
|
86,934 |
|
Other loans |
|
|
33,834 |
|
|
33,163 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total non-acquired loans |
|
|
2,865,216 |
|
|
2,571,003 |
|
Less allowance for loan losses |
|
|
(34,331 |
) |
|
(44,378 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-acquired loans, net |
|
$ |
2,830,885 |
|
$ |
2,526,625 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Non-acquired loans | Commercial loans
|
|
Loans and Allowance for Loan Losses |
|
Schedule of credit risk profile by risk grade of loans |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Construction & Development |
|
Commercial Non-owner
Occupied |
|
Commercial Owner Occupied |
|
(Dollars in thousands)
|
|
December 31,
2013 |
|
December 31,
2012 |
|
December 31,
2013 |
|
December 31,
2012 |
|
December 31,
2013 |
|
December 31,
2012 |
|
Pass |
|
$ |
263,698 |
|
$ |
215,793 |
|
$ |
259,120 |
|
$ |
232,714 |
|
$ |
785,406 |
|
$ |
716,578 |
|
Special mention |
|
|
20,814 |
|
|
31,670 |
|
|
24,779 |
|
|
38,473 |
|
|
26,148 |
|
|
31,800 |
|
Substandard |
|
|
15,439 |
|
|
25,957 |
|
|
7,272 |
|
|
18,884 |
|
|
21,959 |
|
|
35,774 |
|
Doubtful |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
299,951 |
|
$ |
273,420 |
|
$ |
291,171 |
|
$ |
290,071 |
|
$ |
833,513 |
|
$ |
784,152 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial & Industrial |
|
Other Income Producing
Property |
|
Commercial Total |
|
|
|
December 31,
2013 |
|
December 31,
2012 |
|
December 31,
2013 |
|
December 31,
2012 |
|
December 31,
2013 |
|
December 31,
2012 |
|
Pass |
|
$ |
309,360 |
|
$ |
265,148 |
|
$ |
124,519 |
|
$ |
114,809 |
|
$ |
1,742,103 |
|
$ |
1,545,042 |
|
Special mention |
|
|
10,376 |
|
|
8,626 |
|
|
9,903 |
|
|
9,324 |
|
|
92,020 |
|
|
119,893 |
|
Substandard |
|
|
2,088 |
|
|
5,989 |
|
|
8,753 |
|
|
9,580 |
|
|
55,511 |
|
|
96,184 |
|
Doubtful |
|
|
— |
|
|
— |
|
|
29 |
|
|
— |
|
|
29 |
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
321,824 |
|
$ |
279,763 |
|
$ |
143,204 |
|
$ |
133,713 |
|
$ |
1,889,663 |
|
$ |
1,761,119 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-acquired loans | Consumer loans
|
|
Loans and Allowance for Loan Losses |
|
Schedule of credit risk profile by risk grade of loans |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer Owner Occupied |
|
Home Equity |
|
Consumer |
|
(Dollars in thousands)
|
|
December 31,
2013 |
|
December 31,
2012 |
|
December 31,
2013 |
|
December 31,
2012 |
|
December 31,
2013 |
|
December 31,
2012 |
|
Pass |
|
$ |
500,999 |
|
$ |
388,822 |
|
$ |
243,615 |
|
$ |
241,184 |
|
$ |
135,476 |
|
$ |
85,517 |
|
Special mention |
|
|
25,317 |
|
|
24,515 |
|
|
8,437 |
|
|
7,837 |
|
|
646 |
|
|
897 |
|
Substandard |
|
|
21,854 |
|
|
21,166 |
|
|
5,064 |
|
|
6,239 |
|
|
288 |
|
|
519 |
|
Doubtful |
|
|
— |
|
|
— |
|
|
23 |
|
|
24 |
|
|
— |
|
|
1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
548,170 |
|
$ |
434,503 |
|
$ |
257,139 |
|
$ |
255,284 |
|
$ |
136,410 |
|
$ |
86,934 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other |
|
Consumer Total |
|
|
|
|
|
|
|
December 31, 2013 |
|
December 31, 2012 |
|
December 31, 2013 |
|
December 31, 2012 |
|
|
|
|
|
Pass |
|
$ |
33,834 |
|
$ |
33,163 |
|
$ |
913,924 |
|
$ |
748,686 |
|
|
|
|
|
|
|
Special mention |
|
|
— |
|
|
— |
|
|
34,400 |
|
|
33,249 |
|
|
|
|
|
|
|
Substandard |
|
|
— |
|
|
— |
|
|
27,206 |
|
|
27,924 |
|
|
|
|
|
|
|
Doubtful |
|
|
— |
|
|
— |
|
|
23 |
|
|
25 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
33,834 |
|
$ |
33,163 |
|
$ |
975,553 |
|
$ |
809,884 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Acquired loans
|
|
Loans and Allowance for Loan Losses |
|
Schedule of contractual loan payments receivable, estimates of amounts not expected to be collected, other fair value adjustments and the resulting fair values of acquired loans impaired and non-impaired at the acquisition date |
|
|
|
|
|
|
|
|
|
|
December 31, |
|
(Dollars in thousands)
|
|
2013 |
|
2012 |
|
Contractual principal and interest |
|
$ |
1,700,129 |
|
$ |
1,288,133 |
|
Non-accretable difference |
|
|
(222,091 |
) |
|
(140,671 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash flows expected to be collected |
|
|
1,478,038 |
|
|
1,147,462 |
|
Accretable difference |
|
|
(250,340 |
) |
|
(160,849 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Carrying value |
|
$ |
1,227,698 |
|
$ |
986,613 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Allowance for acquired loan losses |
|
$ |
(11,618 |
) |
$ |
(17,218 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Schedule of changes in the carrying value of FASB ASC Topic 310-30 |
|
|
|
|
|
|
|
|
|
|
Years Ended December 31, |
|
(Dollars in thousands)
|
|
2013 |
|
2012 |
|
Balance at beginning of period |
|
$ |
969,395 |
|
$ |
370,581 |
|
Fair value of acquired loans |
|
|
591,951 |
|
|
766,087 |
|
Net reductions for payments, foreclosures, and accretion |
|
|
(344,348 |
) |
|
(166,761 |
) |
Change in the allowance for loan losses on acquired loans |
|
|
(918 |
) |
|
(512 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at end of period, net of allowance for loan losses on acquired loans |
|
$ |
1,216,080 |
|
$ |
969,395 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Schedule of changes in the carrying amount of accretable yield for purchased impaired and non-impaired loans |
|
|
|
|
|
|
|
|
|
|
Years Ended
December 31, |
|
(Dollars in thousands)
|
|
2013 |
|
2012 |
|
Balance at beginning of period |
|
$ |
160,849 |
|
$ |
94,600 |
|
Addition from the First Financial acquisition |
|
|
130,780 |
|
|
— |
|
Addition from the Peoples acquisition |
|
|
— |
|
|
34,921 |
|
Addition from the Savannah acquisition |
|
|
— |
|
|
60,081 |
|
Interest income |
|
|
(104,705 |
) |
|
(52,628 |
) |
Reclass of nonaccretable difference due to improvement in expected cash flows |
|
|
71,136 |
|
|
35,739 |
|
Other changes, net |
|
|
(7,720 |
) |
|
(11,864 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at end of period |
|
$ |
250,340 |
|
$ |
160,849 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Schedule of changes in allowance for loan losses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Dollars in thousands)
|
|
Commercial
Loans Greater
Than or Equal
to $1 Million-CBT |
|
Commercial
Real Estate |
|
Commercial
Real Estate-
Construction and
Development |
|
Residential
Real Estate |
|
Consumer |
|
Commercial
and Industrial |
|
Single Pay |
|
Total |
|
Year ended December 31, 2013: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Allowance for loan losses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance, December 31, 2012 |
|
$ |
5,337 |
|
$ |
1,517 |
|
$ |
1,628 |
|
$ |
4,207 |
|
$ |
96 |
|
$ |
4,139 |
|
$ |
294 |
|
$ |
17,218 |
|
Provision for loan losses before benefit attributable to FDIC loss share agreements |
|
|
(3,109 |
) |
|
299 |
|
|
2,347 |
|
|
1,057 |
|
|
442 |
|
|
(1,786 |
) |
|
(168 |
) |
|
(918 |
) |
Benefit attributable to FDIC loss share agreements |
|
|
2,934 |
|
|
(456 |
) |
|
(1,645 |
) |
|
(520 |
) |
|
(412 |
) |
|
1,719 |
|
|
166 |
|
|
1,786 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total provision for loan losses charged to operations |
|
|
(175 |
) |
|
(157 |
) |
|
702 |
|
|
537 |
|
|
30 |
|
|
(67 |
) |
|
(2 |
) |
|
868 |
|
Provision for loan losses recorded through the FDIC loss share receivable |
|
|
(2,934 |
) |
|
456 |
|
|
1,645 |
|
|
520 |
|
|
412 |
|
|
(1,719 |
) |
|
(166 |
) |
|
(1,786 |
) |
Reduction due to loan removals |
|
|
(1,925 |
) |
|
— |
|
|
(1,731 |
) |
|
(132 |
) |
|
— |
|
|
(872 |
) |
|
(22 |
) |
|
(4,682 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance, December 31, 2013 |
|
$ |
303 |
|
$ |
1,816 |
|
$ |
2,244 |
|
$ |
5,132 |
|
$ |
538 |
|
$ |
1,481 |
|
$ |
104 |
|
$ |
11,618 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans individually evaluated for impairment |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans collectively evaluated for impairment |
|
$ |
303 |
|
$ |
1,816 |
|
$ |
2,244 |
|
$ |
5,132 |
|
$ |
538 |
|
$ |
1,481 |
|
$ |
104 |
|
$ |
11,618 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans:* |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans individually evaluated for impairment |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
Loans collectively evaluated for impairment |
|
|
24,109 |
|
|
439,785 |
|
|
114,126 |
|
|
476,689 |
|
|
103,998 |
|
|
68,862 |
|
|
129 |
|
|
1,227,698 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total acquired credit impaired loans |
|
$ |
24,109 |
|
$ |
439,785 |
|
$ |
114,126 |
|
$ |
476,689 |
|
$ |
103,998 |
|
$ |
68,862 |
|
$ |
129 |
|
$ |
1,227,698 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year ended December 31, 2012: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Allowance for loan losses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance, December 31, 2011 |
|
$ |
12,417 |
|
$ |
1,318 |
|
$ |
— |
|
$ |
5,332 |
|
$ |
— |
|
$ |
4,564 |
|
$ |
(24 |
) |
$ |
23,607 |
|
Provision for loan losses before benefit attributable to FDIC loss share agreements |
|
|
(1,298 |
) |
|
199 |
|
|
1,628 |
|
|
(855 |
) |
|
96 |
|
|
(259 |
) |
|
1,001 |
|
|
512 |
|
Benefit attributable to FDIC loss share agreements |
|
|
1,233 |
|
|
(30 |
) |
|
(1,319 |
) |
|
813 |
|
|
(88 |
) |
|
264 |
|
|
(951 |
) |
|
(78 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total provision for loan losses charged to operations |
|
|
(65 |
) |
|
169 |
|
|
309 |
|
|
(42 |
) |
|
8 |
|
|
5 |
|
|
50 |
|
|
434 |
|
Provision for loan losses recorded through the FDIC loss share receivable |
|
|
(1,233 |
) |
|
30 |
|
|
1,319 |
|
|
(813 |
) |
|
88 |
|
|
(264 |
) |
|
951 |
|
|
78 |
|
Reduction due to loan removals |
|
|
(5,782 |
) |
|
— |
|
|
— |
|
|
(270 |
) |
|
— |
|
|
(166 |
) |
|
(683 |
) |
|
(6,901 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance, December 31, 2012 |
|
$ |
5,337 |
|
$ |
1,517 |
|
$ |
1,628 |
|
$ |
4,207 |
|
$ |
96 |
|
$ |
4,139 |
|
$ |
294 |
|
$ |
17,218 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans individually evaluated for impairment |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans collectively evaluated for impairment |
|
$ |
5,337 |
|
$ |
1,517 |
|
$ |
1,628 |
|
$ |
4,207 |
|
$ |
96 |
|
$ |
4,139 |
|
$ |
294 |
|
$ |
17,218 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans:* |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans individually evaluated for impairment |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
Loans collectively evaluated for impairment |
|
|
39,661 |
|
|
372,924 |
|
|
130,451 |
|
|
354,718 |
|
|
15,685 |
|
|
72,718 |
|
|
456 |
|
|
986,613 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total acquired credit impaired loans |
|
$ |
39,661 |
|
$ |
372,924 |
|
$ |
130,451 |
|
$ |
354,718 |
|
$ |
15,685 |
|
$ |
72,718 |
|
$ |
456 |
|
$ |
986,613 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
*—The carrying value of acquired credit impaired loans includes a non-accretable difference which is primarily associated with the assessment of credit quality of acquired loans.
|
Acquired loans | FFCH
|
|
Loans and Allowance for Loan Losses |
|
Schedule of contractual loan payments receivable, estimates of amounts not expected to be collected, other fair value adjustments and the resulting fair values of acquired loans impaired and non-impaired at the acquisition date |
|
|
|
|
|
|
|
|
|
|
|
|
|
July 26, 2013 |
|
(Dollars in thousands)
|
|
Loans Impaired
at Acquisition |
|
Loans
Not Impaired
at Acquisition |
|
Total |
|
Contractual principal and interest |
|
$ |
650,331 |
|
$ |
222,820 |
|
$ |
873,151 |
|
Non-accretable difference |
|
|
(125,701 |
) |
|
(24,719 |
) |
|
(150,420 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash flows expected to be collected |
|
|
524,630 |
|
|
198,101 |
|
|
722,731 |
|
Accretable difference |
|
|
(102,260 |
) |
|
(28,520 |
) |
|
(130,780 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Carrying value |
|
$ |
422,370 |
|
$ |
169,581 |
|
$ |
591,951 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Acquired loans | Savannah Bancorp ("SAVB")
|
|
Loans and Allowance for Loan Losses |
|
Schedule of contractual loan payments receivable, estimates of amounts not expected to be collected, other fair value adjustments and the resulting fair values of acquired loans impaired and non-impaired at the acquisition date |
|
|
|
|
|
|
|
|
|
|
|
|
|
December 13, 2012 |
|
(Dollars in thousands)
|
|
Loans Impaired
at Acquisition |
|
Loans
Not Impaired
at Acquisition |
|
Total |
|
Contractual principal and interest |
|
$ |
155,582 |
|
$ |
483,293 |
|
$ |
638,875 |
|
Non-accretable difference |
|
|
(37,492 |
) |
|
(9,460 |
) |
|
(46,952 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash flows expected to be collected |
|
|
118,090 |
|
|
473,833 |
|
|
591,923 |
|
Accretable difference |
|
|
(8,615 |
) |
|
(51,466 |
) |
|
(60,081 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Carrying value |
|
$ |
109,475 |
|
$ |
422,367 |
|
$ |
531,842 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Acquired loans | Peoples
|
|
Loans and Allowance for Loan Losses |
|
Schedule of contractual loan payments receivable, estimates of amounts not expected to be collected, other fair value adjustments and the resulting fair values of acquired loans impaired and non-impaired at the acquisition date |
|
|
|
|
|
|
|
|
|
|
|
|
|
April 24, 2012 |
|
(Dollars in thousands)
|
|
Loans Impaired
at Acquisition |
|
Loans
Not Impaired
at Acquisition |
|
Total |
|
Contractual principal and interest |
|
$ |
56,940 |
|
$ |
250,023 |
|
$ |
306,963 |
|
Non-accretable difference |
|
|
(21,237 |
) |
|
(16,560 |
) |
|
(37,797 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash flows expected to be collected |
|
|
35,703 |
|
|
233,463 |
|
|
269,166 |
|
Accretable difference |
|
|
(4,968 |
) |
|
(29,953 |
) |
|
(34,921 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Carrying value |
|
$ |
30,735 |
|
$ |
203,510 |
|
$ |
234,245 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Acquired loans | Total FASB ASC Topic 310-20 acquired loans (non-covered)
|
|
Loans and Allowance for Loan Losses |
|
Aging analysis of past due loans, segregated by class of loans |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Dollars in thousands)
|
|
30 - 59 Days
Past Due |
|
60 - 89 Days
Past Due |
|
90+ Days
Past Due |
|
Total
Past Due |
|
Current |
|
Total
Loans |
|
December 31, 2013 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Construction and land development |
|
$ |
371 |
|
$ |
— |
|
$ |
464 |
|
$ |
835 |
|
$ |
57,561 |
|
$ |
58,396 |
|
Commercial non-owner occupied |
|
|
105 |
|
|
— |
|
|
17 |
|
|
122 |
|
|
58,476 |
|
|
58,598 |
|
Commercial owner occupied |
|
|
— |
|
|
71 |
|
|
272 |
|
|
343 |
|
|
73,371 |
|
|
73,714 |
|
Consumer real estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer owner occupied |
|
|
3,368 |
|
|
393 |
|
|
1,196 |
|
|
4,957 |
|
|
737,640 |
|
|
742,597 |
|
Home equity loans |
|
|
857 |
|
|
67 |
|
|
625 |
|
|
1,549 |
|
|
262,601 |
|
|
264,150 |
|
Commercial and industrial |
|
|
827 |
|
|
894 |
|
|
282 |
|
|
2,003 |
|
|
56,770 |
|
|
58,773 |
|
Other income producing property |
|
|
431 |
|
|
— |
|
|
— |
|
|
431 |
|
|
74,135 |
|
|
74,566 |
|
Consumer |
|
|
291 |
|
|
213 |
|
|
154 |
|
|
658 |
|
|
266,599 |
|
|
267,257 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
6,250 |
|
$ |
1,638 |
|
$ |
3,010 |
|
$ |
10,898 |
|
$ |
1,587,153 |
|
$ |
1,598,051 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2012 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Construction and land development |
|
$ |
— |
|
$ |
— |
|
$ |
43 |
|
$ |
43 |
|
$ |
796 |
|
$ |
839 |
|
Commercial non-owner occupied |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
2,877 |
|
|
2,877 |
|
Commercial owner occupied |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
12,141 |
|
|
12,141 |
|
Consumer real estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer owner occupied |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
Home equity loans |
|
|
242 |
|
|
111 |
|
|
105 |
|
|
458 |
|
|
35,681 |
|
|
36,139 |
|
Commercial and industrial |
|
|
11 |
|
|
— |
|
|
— |
|
|
11 |
|
|
17,520 |
|
|
17,531 |
|
Other income producing property |
|
|
135 |
|
|
— |
|
|
— |
|
|
135 |
|
|
3,553 |
|
|
3,688 |
|
Consumer |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
Other loans |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
388 |
|
$ |
111 |
|
$ |
148 |
|
$ |
647 |
|
$ |
72,568 |
|
$ |
73,215 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Summary of loans |
|
|
|
|
|
|
|
|
|
|
December 31, |
|
(Dollars in thousands)
|
|
2013 |
|
2012 |
|
Acquired non-credit impaired loans: |
|
|
|
|
|
|
|
Commercial non-owner occupied real estate: |
|
|
|
|
|
|
|
Construction and land development |
|
$ |
58,396 |
|
$ |
839 |
|
Commercial non-owner occupied |
|
|
58,598 |
|
|
2,877 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total commercial non-owner occupied real estate |
|
|
116,994 |
|
|
3,716 |
|
Consumer real estate: |
|
|
|
|
|
|
|
Consumer owner occupied |
|
|
742,597 |
|
|
— |
|
Home equity loans |
|
|
264,150 |
|
|
36,139 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total consumer real estate |
|
|
1,006,747 |
|
|
36,139 |
|
Commercial owner occupied real estate |
|
|
73,714 |
|
|
12,141 |
|
Commercial and industrial |
|
|
58,773 |
|
|
17,531 |
|
Other income producing property |
|
|
74,566 |
|
|
3,688 |
|
Consumer |
|
|
267,257 |
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total acquired non-credit impaired loans |
|
$ |
1,598,051 |
|
$ |
73,215 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Acquired loans | Total FASB ASC Topic 310-20 acquired loans (non-covered) | Commercial loans
|
|
Loans and Allowance for Loan Losses |
|
Schedule of credit risk profile by risk grade of loans |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Construction & Development |
|
Commercial Non-owner
Occupied |
|
Commercial Owner Occupied |
|
(Dollars in thousands)
|
|
December 31,
2013 |
|
December 31,
2012 |
|
December 31,
2013 |
|
December 31,
2012 |
|
December 31,
2013 |
|
December 31,
2012 |
|
Pass |
|
$ |
57,389 |
|
$ |
796 |
|
$ |
56,539 |
|
$ |
2,877 |
|
$ |
71,984 |
|
$ |
11,977 |
|
Special mention |
|
|
109 |
|
|
— |
|
|
1,565 |
|
|
— |
|
|
318 |
|
|
164 |
|
Substandard |
|
|
898 |
|
|
43 |
|
|
494 |
|
|
— |
|
|
1,412 |
|
|
— |
|
Doubtful |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
58,396 |
|
$ |
839 |
|
$ |
58,598 |
|
$ |
2,877 |
|
$ |
73,714 |
|
$ |
12,141 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial & Industrial |
|
Other Income Producing
Property |
|
|
|
|
|
|
|
December 31,
2013 |
|
December 31,
2012 |
|
December 31,
2013 |
|
December 31,
2012 |
|
|
|
|
|
Pass |
|
$ |
56,777 |
|
$ |
17,515 |
|
$ |
70,812 |
|
$ |
3,352 |
|
|
|
|
|
|
|
Special mention |
|
|
924 |
|
|
— |
|
|
2,177 |
|
|
244 |
|
|
|
|
|
|
|
Substandard |
|
|
1,072 |
|
|
16 |
|
|
1,577 |
|
|
92 |
|
|
|
|
|
|
|
Doubtful |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
58,773 |
|
$ |
17,531 |
|
$ |
74,566 |
|
$ |
3,688 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Acquired loans | Total FASB ASC Topic 310-20 acquired loans (non-covered) | Consumer loans
|
|
Loans and Allowance for Loan Losses |
|
Schedule of credit risk profile by risk grade of loans |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer Owner Occupied |
|
Home Equity |
|
Consumer |
|
(Dollars in thousands)
|
|
December 31, 2013 |
|
December 31,
2012 |
|
December 31,
2013 |
|
December 31,
2012 |
|
December 31,
2013 |
|
December 31,
2012 |
|
Pass |
|
$ |
739,894 |
|
$ |
— |
|
$ |
246,274 |
|
$ |
34,656 |
|
$ |
266,645 |
|
$ |
— |
|
Special mention |
|
|
417 |
|
|
— |
|
|
6,733 |
|
|
167 |
|
|
127 |
|
|
— |
|
Substandard |
|
|
2,286 |
|
|
— |
|
|
11,143 |
|
|
1,316 |
|
|
485 |
|
|
— |
|
Doubtful |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
742,597 |
|
$ |
— |
|
$ |
264,150 |
|
$ |
36,139 |
|
$ |
267,257 |
|
$ |
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Acquired loans | Total FASB ASC Topic 310-30 acquired loans
|
|
Loans and Allowance for Loan Losses |
|
Schedule of credit risk profile by risk grade of loans |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial Loans Greater
Than or Equal to
$1 million-CBT |
|
Commercial Real Estate |
|
Commercial Real Estate—
Construction and
Development |
|
(Dollars in thousands)
|
|
December 31,
2013 |
|
December 31,
2012 |
|
December 31,
2013 |
|
December 31,
2012 |
|
December 31,
2013 |
|
December 31,
2012 |
|
Pass |
|
$ |
12,047 |
|
$ |
13,384 |
|
$ |
244,293 |
|
$ |
297,408 |
|
$ |
38,748 |
|
$ |
87,142 |
|
Special mention |
|
|
2,513 |
|
|
3,098 |
|
|
46,159 |
|
|
22,279 |
|
|
13,762 |
|
|
7,742 |
|
Substandard |
|
|
9,549 |
|
|
23,179 |
|
|
149,333 |
|
|
53,072 |
|
|
61,616 |
|
|
34,754 |
|
Doubtful |
|
|
— |
|
|
— |
|
|
— |
|
|
165 |
|
|
— |
|
|
813 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
24,109 |
|
$ |
39,661 |
|
$ |
439,785 |
|
$ |
372,924 |
|
$ |
114,126 |
|
$ |
130,451 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential Real Estate |
|
Consumer |
|
Commercial & Industrial |
|
|
|
December 31,
2013 |
|
December 31,
2012 |
|
December 31,
2013 |
|
December 31,
2012 |
|
December 31,
2013 |
|
December 31,
2012 |
|
Pass |
|
$ |
198,738 |
|
$ |
254,837 |
|
$ |
8,804 |
|
$ |
12,927 |
|
$ |
38,450 |
|
$ |
54,013 |
|
Special mention |
|
|
91,468 |
|
|
38,211 |
|
|
38,322 |
|
|
783 |
|
|
3,968 |
|
|
5,282 |
|
Substandard |
|
|
186,405 |
|
|
61,644 |
|
|
56,872 |
|
|
1,974 |
|
|
26,444 |
|
|
13,393 |
|
Doubtful |
|
|
78 |
|
|
26 |
|
|
— |
|
|
1 |
|
|
— |
|
|
30 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
476,689 |
|
$ |
354,718 |
|
$ |
103,998 |
|
$ |
15,685 |
|
$ |
68,862 |
|
$ |
72,718 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Single Pay |
|
|
|
|
|
|
|
|
|
|
|
December 31,
2013 |
|
December 31,
2012 |
|
|
|
|
|
|
|
|
|
Pass |
|
$ |
52 |
|
$ |
58 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Special mention |
|
|
— |
|
|
52 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Substandard |
|
|
77 |
|
|
346 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Doubtful |
|
|
— |
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
129 |
|
$ |
456 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Aging analysis of past due loans, segregated by class of loans |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Dollars in thousands)
|
|
30 - 59 Days
Past Due |
|
60 - 89 Days
Past Due |
|
90+ Days
Past Due |
|
Total
Past Due |
|
Current |
|
Total
Loans |
|
December 31, 2013 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial loans greater than or equal to $1 million-CBT |
|
$ |
— |
|
$ |
— |
|
$ |
7,217 |
|
$ |
7,217 |
|
$ |
16,892 |
|
$ |
24,109 |
|
Commercial real estate |
|
|
4,493 |
|
|
3,728 |
|
|
24,362 |
|
|
32,583 |
|
|
407,202 |
|
|
439,785 |
|
Commercial real estate—construction and development |
|
|
4,847 |
|
|
9,166 |
|
|
17,567 |
|
|
31,580 |
|
|
82,546 |
|
|
114,126 |
|
Residential real estate |
|
|
13,794 |
|
|
3,792 |
|
|
27,061 |
|
|
44,647 |
|
|
432,042 |
|
|
476,689 |
|
Consumer |
|
|
2,390 |
|
|
552 |
|
|
2,050 |
|
|
4,992 |
|
|
99,006 |
|
|
103,998 |
|
Commercial and industrial |
|
|
3,875 |
|
|
634 |
|
|
3,829 |
|
|
8,338 |
|
|
60,524 |
|
|
68,862 |
|
Single pay |
|
|
— |
|
|
— |
|
|
46 |
|
|
46 |
|
|
83 |
|
|
129 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
29,399 |
|
$ |
17,872 |
|
$ |
82,132 |
|
$ |
129,403 |
|
$ |
1,098,295 |
|
$ |
1,227,698 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2012 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial loans greater than or equal to $1 million-CBT |
|
$ |
923 |
|
$ |
993 |
|
$ |
15,810 |
|
$ |
17,726 |
|
$ |
21,935 |
|
$ |
39,661 |
|
Commercial real estate |
|
|
5,866 |
|
|
2,306 |
|
|
17,488 |
|
|
25,660 |
|
|
347,264 |
|
|
372,924 |
|
Commercial real estate—construction and development |
|
|
2,976 |
|
|
1,573 |
|
|
18,718 |
|
|
23,267 |
|
|
107,184 |
|
|
130,451 |
|
Residential real estate |
|
|
7,610 |
|
|
4,828 |
|
|
18,151 |
|
|
30,589 |
|
|
324,129 |
|
|
354,718 |
|
Consumer |
|
|
181 |
|
|
76 |
|
|
736 |
|
|
993 |
|
|
14,692 |
|
|
15,685 |
|
Commercial and industrial |
|
|
1,255 |
|
|
285 |
|
|
5,069 |
|
|
6,609 |
|
|
66,109 |
|
|
72,718 |
|
Single pay |
|
|
1 |
|
|
201 |
|
|
62 |
|
|
264 |
|
|
192 |
|
|
456 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
18,812 |
|
$ |
10,262 |
|
$ |
76,034 |
|
$ |
105,108 |
|
$ |
881,505 |
|
$ |
986,613 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Summary of loans |
|
|
|
|
|
|
|
|
|
|
December 31, |
|
(Dollars in thousands)
|
|
2013 |
|
2012 |
|
Acquired credit impaired loans: |
|
|
|
|
|
|
|
Commercial loans greater than or equal to $1 million-CBT |
|
$ |
24,109 |
|
$ |
39,661 |
|
Commercial real estate |
|
|
439,785 |
|
|
372,924 |
|
Commercial real estate—construction and development |
|
|
114,126 |
|
|
130,451 |
|
Residential real estate |
|
|
476,689 |
|
|
354,718 |
|
Consumer |
|
|
103,998 |
|
|
15,685 |
|
Commercial and industrial |
|
|
68,862 |
|
|
72,718 |
|
Single pay |
|
|
129 |
|
|
456 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total acquired credit impaired loans |
|
|
1,227,698 |
|
|
986,613 |
|
Less allowance for loan losses |
|
|
(11,618 |
) |
|
(17,218 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Acquired credit impaired loans, net |
|
$ |
1,216,080 |
|
$ |
969,395 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|