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Allowance for Loan Losses
 12 Months Ended
Dec. 31, 2012
Allowance For Loan Losses [Abstract]  
Allowance for Loan Losses
Allowance for Loan Losses
The allowance for loan losses is that amount management believes is adequate to absorb probable incurred credit losses in the loan portfolio based on management’s evaluation of various factors including overall growth in the loan portfolio, an analysis of individual loans, prior and current loss experience, and current economic conditions. A provision for loan losses is charged to operations based on management’s periodic evaluation of these and other pertinent factors as discussed within Note 1 of these Notes to Consolidated Financial Statements.
 
The activity in the allowance for loan losses for the years ended December 31, 2012, December 31, 2011, and December 31, 2010 is summarized in the following tables.

 
 
Year ended December 31, 2012
(In thousands)
 
Commercial, financial and agricultural
 
Commercial real estate
 
Construction real estate
 
Residential real estate
 
Consumer
 
Leases
 
Total
Allowance for credit losses:
 
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
 
$
16,950

 
$
15,539

 
$
14,433

 
$
15,692

 
$
5,830

 
$
—

 
$
68,444

     Charge-offs
 
26,847

 
10,454

 
9,985

 
8,607

 
5,375

 
—

 
61,268

  Recoveries
 
1,066

 
783

 
2,979

 
5,559

 
2,555

 
—

 
12,942

     Net Charge-offs
 
25,781

 
9,671

 
7,006

 
3,048

 
2,820

 
—

 
48,326

     Provision
 
24,466

 
5,868

 
(586
)
 
2,115

 
3,556

 
—

 
35,419

         Ending balance
 
$
15,635

 
$
11,736

 
$
6,841

 
$
14,759

 
$
6,566

 
—

 
$
55,537


 
 
 
Year ended December 31, 2011
(In thousands)
 
Commercial, financial and agricultural
 
Commercial real estate
 
Construction real estate
 
Residential real estate
 
Consumer
 
Leases
 
Total
Allowance for credit losses:
 
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
 
$
11,555

 
$
24,369

 
$
70,462

 
$
30,259

 
$
6,925

 
$
5

 
$
143,575

     Transfer of loans at fair value
 
2

 
150

 
63

 
4

 
—

 
—

 
219

     Transfer of allowance to held for sale (1)
 
1,184

 
4,327

 
1,998

 
5,450

 
141

 
—

 
13,100

     Charge-offs
 
18,350

 
23,063

 
64,166

 
20,691

 
7,612

 
—

 
133,882

  Recoveries
 
1,402

 
1,825

 
1,463

 
1,719

 
2,385

 
4

 
8,798

    Net Charge-offs
 
16,948

 
21,238

 
62,703

 
18,972

 
5,227

 
(4
)
 
125,084

     Provision
 
23,529

 
16,885

 
8,735

 
9,859

 
4,273

 
(9
)
 
63,272

        Ending balance
 
$
16,950

 
$
15,539

 
$
14,433

 
$
15,692

 
$
5,830

 
—

 
$
68,444

(1)
Transfer of allowance to held for sale was allocated on a pro-rata basis based on the outstanding balance of the loans held for sale.

 
(In thousands)
 
2010
Allowance for loan losses:
 
 
Beginning balance
 
$
116,717

Charge-offs:
 
 
Commercial, financial and agricultural
 
8,484

Commercial real estate
 
7,748

Construction real estate
 
23,308

Residential real estate
 
18,401

Consumer
 
8,373

Lease financing
 
—

Total charge-offs
 
66,314

Recoveries:
 
 
Commercial, financial and agricultural
 
1,237

Commercial real estate
 
850

Construction real estate
 
813

Residential real estate
 
1,429

Consumer
 
1,763

Lease financing
 
—

Total recoveries
 
6,092

Net charge-offs
 
60,222

Provision for loan losses
 
87,080

Ending balance
 
$
143,575


 
Loans collectively evaluated for impairment in the following tables include all performing loans at December 31, 2012 and December 31, 2011, as well as nonperforming loans internally classified as consumer loans. Nonperforming consumer loans are not typically individually evaluated for impairment, but receive a portion of the statistical allocation of the allowance for loan losses. Loans individually evaluated for impairment include all impaired loans internally classified as commercial loans at December 31, 2012 and 2011, which are evaluated for impairment in accordance with U.S. GAAP (see Note 1 of these Notes to Consolidated Financial Statements).
























The composition of the allowance for loan losses at December 31, 2012 and 2011 was as follows: 
 
 
December 31, 2012
(In thousands)
 
Commercial, financial, and agricultural
 
Commercial real estate
 
Construction real estate
 
Residential real estate
 
Consumer
 
Leases
 
Total
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
 
   Ending allowance balance attributed to loans
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      Individually evaluated for impairment
 
$
3,180

 
$
1,540

 
$
2,277

 
$
1,279

 
$
—

 
$
—

 
$
8,276

      Collectively evaluated for impairment
 
12,455

 
10,196

 
4,564

 
13,480

 
6,566

 
—

 
47,261

    Total ending allowance balance
 
$
15,635

 
$
11,736

 
$
6,841

 
$
14,759

 
$
6,566

 
$
—

 
$
55,537

Loan Balance:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
    Loans individually evaluated for impairment
 
$
22,523

 
$
44,267

 
$
34,814

 
$
35,616

 
$
18

 
$
—

 
$
137,238

    Loans collectively evaluated for impairment
 
801,404

 
1,047,897

 
130,714

 
1,678,029

 
651,912

 
3,128

 
4,313,084

Total ending loan balance
 
$
823,927

 
$
1,092,164

 
$
165,528

 
$
1,713,645

 
$
651,930

 
$
3,128

 
$
4,450,322

Allowance for loan losses as a percentage of loan balance:
 
 
 
 
 
 
 
 
    Loans individually evaluated for impairment
 
14.12
%
 
3.48
%
 
6.54
%
 
3.59
%
 
—
%
 
—
%
 
6.03
%
    Loans collectively evaluated for impairment
 
1.55
%
 
0.97
%
 
3.49
%
 
0.80
%
 
1.01
%
 
—
%
 
1.10
%
Total ending loan balance
 
1.90
%
 
1.07
%
 
4.13
%
 
0.86
%
 
1.01
%
 
—
%
 
1.25
%
Recorded Investment:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
    Loans individually evaluated for impairment
 
$
22,587

 
$
44,278

 
$
34,834

 
$
35,622

 
$
18

 
$
—

 
$
137,339

    Loans collectively evaluated for impairment
 
804,316

 
1,051,725

 
131,176

 
1,681,449

 
654,747

 
3,157

 
4,326,570

Total ending loan balance
 
$
826,903

 
$
1,096,003

 
$
166,010

 
$
1,717,071

 
$
654,765

 
$
3,157

 
$
4,463,909

 
 
 
 
December 31, 2011
(In thousands)
 
Commercial, financial, and agricultural
 
Commercial real estate
 
Construction real estate
 
Residential real estate
 
Consumer
 
Leases
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
 
   Ending allowance balance attributed to loans
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      Individually evaluated for impairment
 
$
5,819

 
$
4,431

 
$
3,414

 
$
2,271

 
$
—

 
$
—

 
$
15,935

      Collectively evaluated for impairment
 
11,131

 
11,108

 
11,019

 
13,421

 
5,830

 
—

 
52,509

    Total ending allowance balance
 
$
16,950

 
$
15,539

 
$
14,433

 
$
15,692

 
$
5,830

 
$
—

 
$
68,444

Loan Balance:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
    Loans individually evaluated for impairment
 
$
40,621

 
$
51,978

 
$
50,240

 
$
44,276

 
$
20

 
$
—

 
$
187,135

    Loans collectively evaluated for impairment
 
703,176

 
1,056,596

 
167,306

 
1,584,342

 
616,485

 
2,059

 
4,129,964

Total ending loan balance
 
$
743,797

 
$
1,108,574

 
$
217,546

 
$
1,628,618

 
$
616,505

 
$
2,059

 
$
4,317,099

Allowance for loan losses as a percentage of loan balance:
 
 
 
 
 
 
 
 
    Loans individually evaluated for impairment
 
14.33
%
 
8.52
%
 
6.80
%
 
5.13
%
 
—
%
 
—
%
 
8.52
%
    Loans collectively evaluated for impairment
 
1.58
%
 
1.05
%
 
6.59
%
 
0.85
%
 
0.95
%
 
—
%
 
1.27
%
Total ending loan balance
 
2.28
%
 
1.40
%
 
6.63
%
 
0.96
%
 
0.95
%
 
—
%
 
1.59
%
Recorded Investment:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
    Loans individually evaluated for impairment
 
$
40,621

 
$
51,978

 
$
50,240

 
$
44,276

 
$
20

 
$
—

 
$
187,135

    Loans collectively evaluated for impairment
 
706,297

 
1,060,831

 
167,856

 
1,588,147

 
619,415

 
2,102

 
4,144,648

Total ending loan balance
 
$
746,918

 
$
1,112,809

 
$
218,096

 
$
1,632,423

 
$
619,435

 
$
2,102

 
$
4,331,783