XML 49 R32.htm IDEA: XBRL DOCUMENT v2.4.0.6
Loans (Tables)
 6 Months Ended
Jun. 30, 2012
Loans and Leases Receivable Disclosure [Abstract]  
Composition Of Loan Portfolio By Class Of Loan
The composition of the loan portfolio, by class of loan, as of June 30, 2012 and December 31, 2011 was as follows:
 
 
June 30, 2012
 
 
December 31, 2011
 
Loan
balance
 
Accrued
interest
receivable
 
Recorded
investment
 
 
Loan
balance
 
Accrued
interest
receivable
 
Recorded
investment
(In thousands)
 
 
 
 
 
 
 
 
 
 
 
 
Commercial, financial and agricultural *
$
771,702

 
$
3,478

 
$
775,180

 
 
$
743,797

 
$
3,121

 
$
746,918

 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial real estate *
1,093,748

 
3,840

 
1,097,588

 
 
1,108,574

 
4,235

 
1,112,809

Construction real estate:
 

 
 

 
 

 
 
 

 
 

 
 

Vision/SEPH commercial land and development *
21,004

 
1

 
21,005

 
 
31,603

 
31

 
31,634

Remaining commercial
143,782

 
398

 
144,180

 
 
156,053

 
394

 
156,447

Mortgage
22,954

 
73

 
23,027

 
 
20,039

 
64

 
20,103

Installment
8,977

 
46

 
9,023

 
 
9,851

 
61

 
9,912

Residential real estate:
 

 
 

 
 

 
 
 

 
 

 
 

Commercial
392,547

 
758

 
393,305

 
 
395,824

 
1,105

 
396,929

Mortgage
1,039,189

 
1,660

 
1,040,849

 
 
953,758

 
1,522

 
955,280

HELOC
219,084

 
887

 
219,971

 
 
227,682

 
942

 
228,624

Installment
47,036

 
218

 
47,254

 
 
51,354

 
236

 
51,590

Consumer
623,288

 
2,704

 
625,992

 
 
616,505

 
2,930

 
619,435

Leases
3,540

 
29

 
3,569

 
 
2,059

 
43

 
2,102

Total loans
$
4,386,851

 
$
14,092

 
$
4,400,943

 
 
$
4,317,099

 
$
14,684

 
$
4,331,783

* Included within commercial, financial and agricultural loans, commercial real estate loans, and Vision/SEPH commercial land and development loans is an immaterial amount of consumer loans that are not broken out by class.
Recorded Investment In Nonaccrual Restructured And Loans Past Due 90 Days Or More And Accruing
The following tables present the recorded investment in nonaccrual, accruing restructured, and loans past due 90 days or more and still accruing by class of loan as of June 30, 2012 and December 31, 2011:
 
 
 
June 30, 2012
(In thousands)
 
Nonaccrual
loans
 
Accruing
restructured
loans
 
Loans past due
90 days or more
and accruing
 
Total
nonperforming
loans
Commercial, financial and agricultural
 
$
37,356

 
$
4,235

 
$
2

 
$
41,593

Commercial real estate
 
39,074

 
4,895

 
—

 
43,969

Construction real estate:
 
 

 
 

 
 

 
 

SEPH commercial land and development
 
18,286

 
—

 
—

 
18,286

Remaining commercial
 
16,953

 
12,609

 
—

 
29,562

Mortgage
 
—

 
61

 
86

 
147

Installment
 
133

 
—

 
8

 
141

Residential real estate:
 
 

 
 

 
 

 
 

Commercial
 
37,257

 
20

 
—

 
37,277

Mortgage
 
26,145

 
5,506

 
1,045

 
32,696

HELOC
 
1,972

 
—

 
—

 
1,972

Installment
 
1,273

 
22

 
159

 
1,454

Consumer
 
1,932

 
—

 
615

 
2,547

Leases
 
—

 
—

 
—

 
—

Total loans
 
$
180,381

 
$
27,348

 
$
1,915

 
$
209,644

 
 
 
December 31, 2011
(In thousands)
 
Nonaccrual
loans
 
Accruing
restructured
loans
 
Loans past due
90 days or more
and accruing
 
Total
nonperforming
loans
Commercial, financial and agricultural
 
$
37,797

 
$
2,848

 
$
—

 
$
40,645

Commercial real estate
 
43,704

 
8,274

 
—

 
51,978

Construction real estate:
 
 

 
 

 
 

 
 
Vision commercial land and development
 
25,761

 
—

 
—

 
25,761

Remaining commercial
 
14,021

 
11,891

 
—

 
25,912

Mortgage
 
66

 
—

 
—

 
66

Installment
 
30

 
—

 
—

 
30

Residential real estate:
 
 

 
 

 
 

 
 

Commercial
 
43,461

 
815

 
—

 
44,276

Mortgage
 
25,201

 
4,757

 
2,610

 
32,568

HELOC
 
1,412

 
—

 
—

 
1,412

Installment
 
1,777

 
98

 
58

 
1,933

Consumer
 
1,876

 
—

 
893

 
2,769

Leases
 
—

 
—

 
—

 
—

Total loans
 
$
195,106

 
$
28,683

 
$
3,561

 
$
227,350
Loans Individually And Collectively Evaluated For Impairment
The following table provides additional information regarding those nonaccrual and accruing restructured loans that were individually evaluated for impairment and those collectively evaluated for impairment as of June 30, 2012 and December 31, 2011.
 
 
June 30, 2012
 
 
December 31, 2011
(In thousands)
 
Nonaccrual
and accruing
restructured
loans
 
Loans
individually
evaluated for
impairment
 
Loans
collectively
evaluated for
impairment
 
 
Nonaccrual
and accruing
restructured
loans
 
Loans
individually
evaluated for
impairment
 
Loans
collectively
evaluated for
impairment
Commercial, financial and agricultural
 
$
41,591

 
$
41,591

 
$
—

 
 
$
40,645

 
$
40,621

 
$
24

Commercial real estate
 
43,969

 
43,969

 
—

 
 
51,978

 
51,978

 
—

Construction real estate:
 
 

 
 

 
 

 
 
 

 
 

 
 

Vision/SEPH commercial land and development
 
18,286

 
17,272

 
1,014

 
 
25,761

 
24,328

 
1,433

Remaining commercial
 
29,562

 
29,562

 
—

 
 
25,912

 
25,912

 
—

Mortgage
 
61

 
—

 
61

 
 
66

 
—

 
66

Installment
 
133

 
—

 
133

 
 
30

 
—

 
30

Residential real estate:
 
 

 
 

 
 

 
 
 

 
 

 
 

Commercial
 
37,277

 
37,277

 
—

 
 
44,276

 
44,276

 
—

Mortgage
 
31,651

 
—

 
31,651

 
 
29,958

 
—

 
29,958

HELOC
 
1,972

 
—

 
1,972

 
 
1,412

 
—

 
1,412

Installment
 
1,295

 
—

 
1,295

 
 
1,875

 
—

 
1,875

Consumer
 
1,932

 
19

 
1,913

 
 
1,876

 
20

 
1,856

Leases
 
—

 
—

 
—

 
 
—

 
—

 
—

Total loans
 
$
207,729

 
$
169,690

 
$
38,039

 
 
$
223,789

 
$
187,135

 
$
36,654
Loans Individually Evaluated For Impairment By Class Of Loans
The following table presents loans individually evaluated for impairment by class of loan as of June 30, 2012 and December 31, 2011.
 
 
 
June 30, 2012
 
 
December 31, 2011
 
 
Unpaid
principal
balance
 
Recorded
investment
 
Allowance
for loan
losses
allocated
 
 
Unpaid
principal
balance
 
Recorded
investment
 
Allowance
for loan
losses
allocated
(in thousands)
 
 
 
 
 
With no related allowance recorded
 
 

 
 

 
 

 
 
 

 
 

 
 

Commercial, financial and agricultural
 
$
36,340

 
$
27,776

 
$
—

 
 
$
23,164

 
$
18,098

 
$
—

Commercial real estate
 
57,055

 
36,255

 
—

 
 
58,242

 
41,506

 
—

Construction real estate:
 
 

 
 

 
 

 
 
 

 
 

 
 

Vision/SEPH commercial land and development
 
63,422

 
17,272

 
—

 
 
54,032

 
17,786

 
—

Remaining commercial
 
32,923

 
18,926

 
—

 
 
33,319

 
18,372

 
—

Residential real estate:
 
 

 
 

 
 

 
 
 

 
 

 
 

Commercial
 
43,612

 
33,357

 
—

 
 
49,341

 
38,686

 
—

Consumer
 
19

 
19

 
—

 
 
20

 
20

 
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
With an allowance recorded
 
 

 
 

 
 

 
 
 

 
 

 
 

Commercial, financial and agricultural
 
17,685

 
13,815

 
4,793

 
 
23,719

 
22,523

 
5,819

Commercial real estate
 
9,414

 
7,714

 
1,354

 
 
12,183

 
10,472

 
4,431

Construction real estate:
 
 

 
 

 
 

 
 
 

 
 

 
 

Vision/SEPH commercial land and development
 
—

 
—

 
—

 
 
20,775

 
6,542

 
1,540

Remaining commercial
 
11,212

 
10,636

 
3,926

 
 
9,711

 
7,540

 
1,874

Residential real estate:
 
 

 
 

 
 

 
 
 

 
 

 
 

Commercial
 
5,072

 
3,920

 
873

 
 
6,402

 
5,590

 
2,271

Consumer
 
—

 
—

 
—

 
 
—

 
—

 
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total
 
$
276,754

 
$
169,690

 
$
10,946

 
 
$
290,908

 
$
187,135

 
$
15,935
Average Recorded Investment And Interest Income Recognized On Loans Individually Evaluated For Impairment
The following table presents the average recorded investment and interest income recognized on loans individually evaluated for impairment as of and for the three and six months ended June 30, 2012 and June 30, 2011:

 
Three Months Ended
June 30, 2012
 
 
Three Months Ended
June 30, 2011
(in thousands)
Recorded investment as of June 30, 2012
 
Average
recorded
investment
 
Interest
income
recognized
 
 
Recorded investment as of June 30, 2011
 
Average
recorded
investment
 
Interest
income
recognized
Commercial, financial and agricultural
$
41,591

 
$
42,056

 
$
205

 
 
$
24,008

 
$
20,688

 
$
41

Commercial real estate
43,969

 
42,689

 
287

 
 
47,243

 
51,359

 
54

Construction real estate:
 
 
 
 
 
 
 
 
 
 
 
 
   Vision/SEPH commercial land and development
17,272

 
18,412

 
—

 
 
46,847

 
71,682

 
—

   Remaining commercial
29,562

 
31,428

 
199

 
 
33,685

 
27,998

 
136

Residential real estate:
 
 
 
 
 
 
 
 
 
 
 
 
   Commercial
37,277

 
40,359

 
125

 
 
48,594

 
55,096

 
14

Consumer
19

 
19

 
1

 
 
23

 
5

 
1

 
 
 
 
 
 
 
 
 
 
 
 
 
Total
$
169,690

 
$
174,963

 
$
817

 
 
$
200,400

 
$
226,828

 
$
246


 
 
Six Months Ended
June 30, 2012
 
 
Six Months Ended
June 30, 2011
(in thousands)
Recorded investment as of June 30, 2012
 
Average
recorded
investment
 
Interest
income
recognized
 
 
Recorded investment as of June 30, 2011
 
Average
recorded
investment
 
Interest
income
recognized
Commercial, financial and agricultural
$
41,591

 
$
41,218

 
$
310

 
 
$
24,008

 
$
20,203

 
$
106

Commercial real estate
43,969

 
45,758

 
494

 
 
47,243

 
53,619

 
124

Construction real estate:
 

 
 

 
 

 
 
 

 
 

 
 

Vision/SEPH commercial land and development
17,272

 
20,302

 
—

 
 
46,847

 
77,711

 
—

Remaining commercial
29,562

 
28,899

 
450

 
 
33,685

 
27,616

 
214

Residential real estate:
 

 
 

 
 

 
 
 

 
 

 
 

Commercial
37,277

 
41,541

 
165

 
 
48,594

 
57,269

 
153

Consumer
19

 
20

 
1

 
 
23

 
12

 
1

 
 
 
 
 
 
 
 
 
 
 
 
 
Total
$
169,690

 
$
177,738

 
$
1,420

 
 
$
200,400

 
$
236,430

 
$
598
Aging Of Recorded Investment In Past Due Loans
The following tables present the aging of the recorded investment in past due loans as of June 30, 2012 and December 31, 2011 by class of loan.
 
 
June 30, 2012
(in thousands)
Accruing loans
past due 30-89
days
 
Past due 
nonaccrual
loans and loans past
due 90 days or
more and 
accruing*
 
Total past due
 
Total current
 
Total recorded
investment
Commercial, financial and agricultural
$
1,936

 
$
27,719

 
$
29,655

 
$
745,525

 
$
775,180

Commercial real estate
3,144

 
16,456

 
19,600

 
1,077,988

 
1,097,588

Construction real estate:
 

 
 

 
 

 
 

 
 

SEPH commercial land and development
—

 
14,820

 
14,820

 
6,185

 
21,005

Remaining commercial
147

 
4,991

 
5,138

 
139,042

 
144,180

Mortgage
61

 
86

 
147

 
22,880

 
23,027

Installment
172

 
24

 
196

 
8,827

 
9,023

Residential real estate:
 

 
 

 
 

 
 

 
 

Commercial
1,326

 
8,228

 
9,554

 
383,751

 
393,305

Mortgage
14,575

 
16,805

 
31,380

 
1,009,469

 
1,040,849

HELOC
635

 
351

 
986

 
218,985

 
219,971

Installment
756

 
578

 
1,334

 
45,920

 
47,254

Consumer
8,986

 
1,854

 
10,840

 
615,152

 
625,992

Leases
—

 
10

 
10

 
3,559

 
3,569

Total loans
$
31,738

 
$
91,922

 
$
123,660

 
$
4,277,283

 
$
4,400,943


* Includes $1.9 million of loans past due 90 days or more and accruing. The remaining are past due, nonaccrual loans.
 
 
December 31, 2011
(in thousands)
Accruing loans
past due 30-89
days
 
Past due
nonaccrual 
loans and loans past
due 90 days or
more and
accruing*
 
Total past due
 
Total current
 
Total recorded
investment
Commercial, financial and agricultural
$
3,106

 
$
11,308

 
$
14,414

 
$
732,504

 
$
746,918

Commercial real estate
2,632

 
21,798

 
24,430

 
1,088,379

 
1,112,809

Construction real estate:
 

 
 

 
 
 
 

 
 

Vision commercial land and development
—

 
19,235

 
19,235

 
12,399

 
31,634

Remaining commercial
99

 
7,839

 
7,938

 
148,509

 
156,447

Mortgage
76

 
—

 
76

 
20,027

 
20,103

Installment
421

 
8

 
429

 
9,483

 
9,912

Residential real estate:
 

 
 

 
 

 
 

 
 

Commercial
1,545

 
10,097

 
11,642

 
385,287

 
396,929

Mortgage
15,879

 
20,614

 
36,493

 
918,787

 
955,280

HELOC
1,015

 
436

 
1,451

 
227,173

 
228,624

Installment
1,549

 
1,136

 
2,685

 
48,905

 
51,590

Consumer
11,195

 
2,192

 
13,387

 
606,048

 
619,435

Leases
—

 
—

 
—

 
2,102

 
2,102

Total loans
$
37,517

 
$
94,663

 
$
132,180

 
$
4,199,603

 
$
4,331,783

* Includes $3.6 million of loans past due 90 days or more and accruing.
Recorded Investment By Loan Grade
The tables below present the recorded investment by loan grade at June 30, 2012 and December 31, 2011 for all commercial loans:
 
 
June 30, 2012
(in thousands)
5 Rated
 
6 Rated
 
Impaired
 
Pass Rated
 
Recorded
Investment
Commercial, financial and agricultural
$
7,485

 
$
1,790

 
$
41,591

 
$
724,314

 
$
775,180

 
 
 
 
 
 
 
 
 
 
Commercial real estate
34,413

 
6,551

 
43,969

 
1,012,655

 
1,097,588

 
 
 
 
 
 
 
 
 
 
Construction real estate:
 

 
 

 
 

 
 

 
 

SEPH commercial land and development
1,935

 
—

 
18,286

 
784

 
21,005

Remaining commercial
8,462

 
232

 
29,562

 
105,924

 
144,180

 
 
 
 
 
 
 
 
 
 
Residential real estate:
 

 
 

 
 

 
 

 
 

Commercial
13,510

 
1,748

 
37,277

 
340,770

 
393,305

 
 
 
 
 
 
 
 
 
 
Leases
—

 
—

 
—

 
3,569

 
3,569

 
 
 
 
 
 
 
 
 
 
Total Commercial Loans
$
65,805

 
$
10,321

 
$
170,685

 
$
2,188,016

 
$
2,434,827

 
 
December 31, 2011
(in thousands)
5 Rated
 
6 Rated
 
Impaired
 
Pass Rated
 
Recorded
Investment
Commercial, financial and agricultural
$
11,785

 
$
7,628

 
$
40,645

 
$
686,860

 
$
746,918

 
 
 
 
 
 
 
 
 
 
Commercial real estate
37,445

 
10,460

 
51,978

 
1,012,926

 
1,112,809

 
 
 
 
 
 
 
 
 
 
Construction real estate:
 

 
 

 
 

 
 

 
 

Vision commercial land and development
3,102

 
—

 
25,761

 
2,771

 
31,634

Remaining commercial
6,982

 
8,311

 
25,912

 
115,242

 
156,447

 
 
 
 
 
 
 
 
 
 
Residential real estate:
 

 
 

 
 

 
 

 
 

Commercial
17,120

 
3,785

 
44,276

 
331,748

 
396,929

Leases
—

 
—

 
—

 
2,102

 
2,102

 
 
 
 
 
 
 
 
 
 
Total Commercial Loans
$
76,434

 
$
30,184

 
$
188,572

 
$
2,151,649

 
$
2,446,839
TDR Number Of Contracts Modified And Recorded Investment
The following tables detail the number of contracts modified as TDRs during the three and six month periods ended June 30, 2012 as well as the recorded investment of these contracts at June 30, 2012. The recorded investment pre- and post-modification is generally the same.

 
Three Months Ended
June 30, 2012
 
Number of
Contracts
 
Accruing
 
Nonaccrual
 
Total
Recorded
Investment
(In thousands)
 
 
 
 
 
 
 
Commercial, financial and agricultural
11

 
$
175

 
$
2,692

 
$
2,867

Commercial real estate
4

 
—

 
1,739

 
1,739

Construction real estate:
 
 
 
 
 
 
 
  SEPH commercial land and development
—

 
—

 
—

 
—

  Remaining commercial
1

 
—

 
258

 
258

  Mortgage
—

 
—

 
—

 
—

  Installment
—

 
—

 
—

 
—

Residential real estate:
 
 
 
 
 
 
 
  Commercial
2

 
—

 
675

 
675

  Mortgage
6

 
—

 
1,338

 
1,338

  HELOC
—

 
—

 
—

 
—

  Installment
3

 
—

 
169

 
169

Consumer
—

 
—

 
—

 
—

Leases
—

 
—

 
—

 
—

Total loans
27

 
$
175

 
$
6,871

 
$
7,046


 
 
Six Months Ended
June 30, 2012
 
Number of
Contracts
 
Accruing
 
Nonaccrual
 
Total
Recorded
Investment
(In thousands)
 
 
 
 
 
 
 
Commercial, financial and agricultural
16

 
$
1,862

 
$
3,428

 
$
5,290

Commercial real estate
20

 
1,836

 
4,677

 
6,513

Construction real estate:
 

 
 

 
 

 
 

SEPH commercial land and development
4

 
—

 
862

 
862

Remaining commercial
10

 
3,776

 
6,575

 
10,351

Mortgage
—

 
—

 
—

 
—

Installment
—

 
—

 
—

 
—

Residential real estate:
 

 
 

 
 

 
 

Commercial
5

 
—

 
814

 
814

Mortgage
15

 
222

 
2,379

 
2,601

HELOC
—

 
—

 
—

 
—

Installment
3

 
—

 
170

 
170

Consumer
1

 
—

 
91

 
91

Leases
—

 
—

 
—

 
—

Total loans
74

 
$
7,696

 
$
18,996

 
$
26,692
Recorded Investment In Financing Receivable Modified As TDR Within 12 Months
The following table presents the recorded investment in financing receivables which were modified as TDRs within the previous 12 months and for which there was a payment default during the three and/or six month period ended June 30, 2012. For this table, a loan is considered to be in default when it becomes 30 days contractually past due under the modified terms.
 
 
Three Months Ended
June 30, 2012
 
 
Six Months Ended
June 30, 2012
 
Number of
Contracts
 
Recorded
Investment
 
 
Number of
Contracts
 
Recorded
Investment
(In thousands)
 
 
 
 
 
 
 
 
Commercial, financial and agricultural
6

 
$
6,546

 
 
9

 
$
6,786

Commercial real estate
7

 
1,820

 
 
7

 
1,820

Construction real estate:
 

 
 

 
 
 

 
 

SEPH commercial land and development
3

 
639

 
 
3

 
639

Remaining commercial
4

 
3,267

 
 
7

 
4,699

Mortgage
—

 
—

 
 
—

 
—

Installment
—

 
—

 
 
—

 
—

Residential real estate:
 

 
 

 
 
 

 
 

Commercial
6

 
1,626

 
 
6

 
1,626

Mortgage
9

 
830

 
 
11

 
1,165

HELOC
1

 
46

 
 
1

 
46

Installment
2

 
169

 
 
2

 
169

Consumer
—

 
—

 
 
—

 
—

Leases
—

 
—

 
 
—

 
—

Total loans
38

 
$
14,943

 
 
46

 
$
16,950