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Loans (Tables)
 3 Months Ended
Mar. 31, 2013
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 March 31, 2013 and December 31, 2012 was as follows:
 
 
March 31, 2013
 
 
December 31, 2012
(In thousands)
Loan
balance
 
Accrued
interest
receivable
 
Recorded
investment
 
 
Loan
balance
 
Accrued
interest
receivable
 
Recorded
investment
Commercial, financial and agricultural *
$
796,449

 
$
3,431

 
$
799,880

 
 
$
823,927

 
$
2,976

 
$
826,903

Commercial real estate *
1,108,915

 
4,084

 
1,112,999

 
 
1,092,164

 
3,839

 
1,096,003

Construction real estate:
 

 
 

 
 

 
 
 

 
 

 
 

SEPH commercial land and development *
12,285

 
26

 
12,311

 
 
15,105

 
37

 
15,142

Remaining commercial
115,589

 
285

 
115,874

 
 
115,473

 
331

 
115,804

Mortgage
24,522

 
74

 
24,596

 
 
26,373

 
81

 
26,454

Installment
8,055

 
31

 
8,086

 
 
8,577

 
33

 
8,610

Residential real estate:
 

 
 

 
 

 
 
 

 
 

 
 

Commercial
400,400

 
1,008

 
401,408

 
 
392,203

 
959

 
393,162

Mortgage
1,064,006

 
1,884

 
1,065,890

 
 
1,064,787

 
1,399

 
1,066,186

HELOC
210,981

 
861

 
211,842

 
 
212,905

 
892

 
213,797

Installment
41,204

 
163

 
41,367

 
 
43,750

 
176

 
43,926

Consumer
657,697

 
2,643

 
660,340

 
 
651,930

 
2,835

 
654,765

Leases
3,420

 
51

 
3,471

 
 
3,128

 
29

 
3,157

Total loans
$
4,443,523

 
$
14,541

 
$
4,458,064

 
 
$
4,450,322

 
$
13,587

 
$
4,463,909

* Included within commercial, financial and agricultural loans, commercial real estate loans, and 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 March 31, 2013 and December 31, 2012:
 
 
 
March 31, 2013
(In thousands)
 
Nonaccrual
loans
 
Accruing troubled debt restructurings
 
Loans past due
90 days or more
and accruing
 
Total
nonperforming
loans
Commercial, financial and agricultural
 
$
20,339

 
$
1,414

 
$
—

 
$
21,753

Commercial real estate
 
36,724

 
3,351

 
—

 
40,075

Construction real estate:
 
 

 
 

 
 

 
 

SEPH commercial land and development
 
11,133

 
—

 
—

 
11,133

Remaining commercial
 
16,900

 
3,583

 
—

 
20,483

Mortgage
 
146

 
99

 
44

 
289

Installment
 
128

 
172

 
—

 
300

Residential real estate:
 
 

 
 

 
 

 
 

Commercial
 
35,469

 
1,253

 
—

 
36,722

Mortgage
 
23,938

 
11,126

 
544

 
35,608

HELOC
 
1,864

 
753

 
—

 
2,617

Installment
 
1,404

 
817

 
33

 
2,254

Consumer
 
3,494

 
1,789

 
768

 
6,051

Total loans
 
$
151,539

 
$
24,357

 
$
1,389

 
$
177,285

 
 
 
December 31, 2012
(In thousands)
 
Nonaccrual
loans
 
Accruing troubled debt restructurings
 
Loans past due
90 days or more
and accruing
 
Total
nonperforming
loans
Commercial, financial and agricultural
 
$
17,324

 
$
5,277

 
$
37

 
$
22,638

Commercial real estate
 
40,983

 
3,295

 
1,007

 
45,285

Construction real estate:
 
 

 
 

 
 

 
 
SEPH commercial land and development
 
13,939

 
—

 
—

 
13,939

Remaining commercial
 
14,977

 
6,597

 
—

 
21,574

Mortgage
 
158

 
100

 
—

 
258

Installment
 
149

 
175

 
—

 
324

Residential real estate:
 
 

 
 

 
 

 
 

Commercial
 
33,961

 
1,661

 
94

 
35,716

Mortgage
 
28,260

 
9,425

 
950

 
38,635

HELOC
 
1,689

 
736

 
—

 
2,425

Installment
 
1,670

 
780

 
54

 
2,504

Consumer
 
2,426

 
1,900

 
888

 
5,214

Total loans
 
$
155,536

 
$
29,946

 
$
3,030

 
$
188,512
Loans Individually And Collectively Evaluated For Impairment
The following table provides additional information regarding those nonaccrual and accruing troubled debt restructured loans that were individually evaluated for impairment and those collectively evaluated for impairment as of March 31, 2013 and December 31, 2012.
 
 
March 31, 2013
 
 
December 31, 2012
(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
 
$
21,753

 
$
21,742

 
$
11

 
 
$
22,601

 
$
22,587

 
$
14

Commercial real estate
 
40,075

 
40,075

 
—

 
 
44,278

 
44,278

 
—

Construction real estate:
 
 

 
 

 
 

 
 
 

 
 

 
 

SEPH commercial land and development
 
11,133

 
10,482

 
651

 
 
13,939

 
13,260

 
679

Remaining commercial
 
20,483

 
20,483

 
—

 
 
21,574

 
21,574

 
—

Mortgage
 
245

 
—

 
245

 
 
258

 
—

 
258

Installment
 
300

 
—

 
300

 
 
324

 
—

 
324

Residential real estate:
 
 

 
 

 
 

 
 
 

 
 

 
 

Commercial
 
36,722

 
36,722

 
—

 
 
35,622

 
35,622

 
—

Mortgage
 
35,064

 
—

 
35,064

 
 
37,685

 
—

 
37,685

HELOC
 
2,617

 
—

 
2,617

 
 
2,425

 
—

 
2,425

Installment
 
2,221

 
—

 
2,221

 
 
2,450

 
—

 
2,450

Consumer
 
5,283

 
799

 
4,484

 
 
4,326

 
18

 
4,308

Total loans
 
$
175,896

 
$
130,303

 
$
45,593

 
 
$
185,482

 
$
137,339

 
$
48,143
Loans Individually Evaluated For Impairment By Class Of Loans
The following table presents loans individually evaluated for impairment by class of loan as of March 31, 2013 and December 31, 2012.
 
 
 
March 31, 2013
 
 
December 31, 2012
(In thousands)
 
Unpaid
principal
balance
 
Recorded
investment
 
Allowance
for loan
losses
allocated
 
 
Unpaid
principal
balance
 
Recorded
investment
 
Allowance
for loan
losses
allocated
With no related allowance recorded:
 
 

 
 

 
 

 
 
 

 
 

 
 

Commercial, financial and agricultural
 
$
22,392

 
$
13,403

 
$
—

 
 
$
23,782

 
$
14,683

 
$
—

Commercial real estate
 
58,637

 
34,750

 
—

 
 
56,258

 
35,097

 
—

Construction real estate:
 
 

 
 

 
 

 
 
 

 
 

 
 

SEPH commercial land and development
 
53,287

 
10,482

 
—

 
 
56,075

 
12,740

 
—

Remaining commercial
 
24,614

 
11,209

 
—

 
 
29,328

 
14,093

 
—

Residential real estate:
 
 

 
 

 
 

 
 
 

 
 

 
 

Commercial
 
40,341

 
32,566

 
—

 
 
39,918

 
31,957

 
—

Consumer
 
799

 
799

 
—

 
 
18

 
18

 
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
With an allowance recorded:
 
 

 
 

 
 

 
 
 

 
 

 
 

Commercial, financial and agricultural
 
12,924

 
8,339

 
3,519

 
 
12,268

 
7,904

 
3,180

Commercial real estate
 
5,667

 
5,325

 
648

 
 
11,412

 
9,181

 
1,540

Construction real estate:
 
 

 
 

 
 

 
 
 

 
 

 
 

SEPH commercial land and development
 
—

 
—

 
—

 
 
1,271

 
520

 
—

Remaining commercial
 
9,984

 
9,274

 
2,939

 
 
8,071

 
7,481

 
2,277

Residential real estate:
 
 

 
 

 
 

 
 
 

 
 

 
 

Commercial
 
4,498

 
4,156

 
1,154

 
 
3,944

 
3,665

 
1,279

Consumer
 
—

 
—

 
—

 
 
—

 
—

 
—

Total
 
$
233,143

 
$
130,303

 
$
8,260

 
 
$
242,345

 
$
137,339

 
$
8,276
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 months ended March 31, 2013 and March 31, 2012:

 
Three Months Ended
March 31, 2013
 
 
Three Months Ended
March 31, 2012
(In thousands)
Recorded investment as of March 31, 2013
 
Average
recorded
investment
 
Interest
income
recognized
 
 
Recorded investment as of March 31, 2012
 
Average
recorded
investment
 
Interest
income
recognized
Commercial, financial and agricultural
$
21,742

 
$
21,479

 
$
128

 
 
$
40,241

 
$
40,135

 
$
105

Commercial real estate
40,075

 
43,191

 
256

 
 
43,305

 
48,214

 
207

Construction real estate:
 
 
 
 
 
 
 
 
 
 
 
 
SEPH commercial land and development
10,482

 
12,082

 
—

 
 
19,433

 
21,974

 
—

   Remaining commercial
20,483

 
20,912

 
220

 
 
32,673

 
27,314

 
251

Residential real estate:
 
 
 
 
 
 
 
 
 
 
 
 
   Commercial
36,722

 
35,859

 
130

 
 
43,752

 
43,276

 
40

Consumer
799

 
204

 
—

 
 
20

 
20

 
—

Total
$
130,303

 
$
133,727

 
$
734

 
 
$
179,424

 
$
180,933

 
$
603
Aging Of Recorded Investment In Past Due Loans
The following tables present the aging of the recorded investment in past due loans as of March 31, 2013 and December 31, 2012 by class of loan.
 
 
March 31, 2013
(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
$
3,891

 
$
16,030

 
$
19,921

 
$
779,959

 
$
799,880

Commercial real estate
2,502

 
23,275

 
25,777

 
1,087,222

 
1,112,999

Construction real estate:
 

 
 

 
 

 
 

 
 

SEPH commercial land and development
773

 
9,041

 
9,814

 
2,497

 
12,311

Remaining commercial
334

 
4,221

 
4,555

 
111,319

 
115,874

Mortgage
356

 
129

 
485

 
24,111

 
24,596

Installment
77

 
—

 
77

 
8,009

 
8,086

Residential real estate:
 

 
 

 
 

 
 

 
 

Commercial
937

 
4,628

 
5,565

 
395,843

 
401,408

Mortgage
11,165

 
13,366

 
24,531

 
1,041,359

 
1,065,890

HELOC
344

 
732

 
1,076

 
210,766

 
211,842

Installment
444

 
683

 
1,127

 
40,240

 
41,367

Consumer
8,313

 
3,706

 
12,019

 
648,321

 
660,340

Leases
—

 
—

 
—

 
3,471

 
3,471

Total loans
$
29,136

 
$
75,811

 
$
104,947

 
$
4,353,117

 
$
4,458,064


* Includes $1.4 million of loans past due 90 days or more and accruing. The remaining are past due, nonaccrual loans and accruing TDRs.
 
 
December 31, 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
$
6,251

 
$
11,811

 
$
18,062

 
$
808,841

 
$
826,903

Commercial real estate
2,212

 
26,355

 
28,567

 
1,067,436

 
1,096,003

Construction real estate:
 

 
 

 
 
 
 

 
 

SEPH commercial land and development
686

 
11,314

 
12,000

 
3,142

 
15,142

Remaining commercial
3,652

 
5,838

 
9,490

 
106,314

 
115,804

Mortgage
171

 
85

 
256

 
26,198

 
26,454

Installment
135

 
40

 
175

 
8,435

 
8,610

Residential real estate:
 

 
 

 
 

 
 

 
 

Commercial
1,163

 
5,917

 
7,080

 
386,082

 
393,162

Mortgage
11,948

 
17,370

 
29,318

 
1,036,868

 
1,066,186

HELOC
620

 
309

 
929

 
212,868

 
213,797

Installment
563

 
787

 
1,350

 
42,576

 
43,926

Consumer
12,924

 
2,688

 
15,612

 
639,153

 
654,765

Leases
—

 
—

 
—

 
3,157

 
3,157

Total loans
$
40,325

 
$
82,514

 
$
122,839

 
$
4,341,070

 
$
4,463,909

* Includes $3.0 million of loans past due 90 days or more and accruing. The remaining are past due, nonaccrual loans and accruing TDRs.
Recorded Investment By Loan Grade
The tables below present the recorded investment by loan grade at March 31, 2013 and December 31, 2012 for all commercial loans:
 
 
March 31, 2013
(In thousands)
5 Rated
 
6 Rated
 
Impaired
 
Pass Rated
 
Recorded
Investment
Commercial, financial and agricultural *
$
8,233

 
$
9,797

 
$
21,753

 
$
760,097

 
$
799,880

Commercial real estate *
25,402

 
3,136

 
40,075

 
1,044,386

 
1,112,999

Construction real estate:
 

 
 

 
 

 
 

 
 

SEPH commercial land and development *
400

 
—

 
11,133

 
778

 
12,311

Remaining commercial
6,556

 
—

 
20,483

 
88,835

 
115,874

Residential real estate:
 

 
 

 
 

 
 

 
 

Commercial
8,676

 
1,231

 
36,722

 
354,779

 
401,408

Leases
—

 
—

 
—

 
3,471

 
3,471

Total Commercial Loans
$
49,267

 
$
14,164

 
$
130,166

 
$
2,252,346

 
$
2,445,943

 * Included within commercial, financial and agricultural loans, commercial real estate loans, and SEPH commercial land and development loans is an immaterial amount of consumer loans that are not broken out by class.

 
December 31, 2012
(In thousands)
5 Rated
 
6 Rated
 
Impaired
 
Pass Rated
 
Recorded
Investment
Commercial, financial and agricultural *
$
9,537

 
$
10,874

 
$
22,601

 
$
783,891

 
$
826,903

Commercial real estate *
25,616

 
3,960

 
44,278

 
1,022,149

 
1,096,003

Construction real estate:
 

 
 

 
 

 
 

 
 

SEPH commercial land and development *
411

 
—

 
13,939

 
792

 
15,142

Remaining commercial
6,734

 
—

 
21,574

 
87,496

 
115,804

Residential real estate:
 

 
 

 
 

 
 

 
 

Commercial
8,994

 
2,053

 
35,622

 
346,493

 
393,162

Leases
—

 
—

 
—

 
3,157

 
3,157

Total Commercial Loans
$
51,292

 
$
16,887

 
$
138,014

 
$
2,243,978

 
$
2,450,171
TDR Number Of Contracts Modified And Recorded Investment
The following tables detail the number of contracts modified as TDRs during the three-month periods ended March 31, 2013 and March 31, 2012, as well as the recorded investment of these contracts at March 31, 2013 and March 31, 2012. The recorded investment pre- and post-modification is generally the same.

 
Three Months Ended
March 31, 2013
(In thousands)
Number of
Contracts
 
Accruing
 
Nonaccrual
 
Total
Recorded
Investment
Commercial, financial and agricultural
7

 
$
—

 
$
320

 
$
320

Commercial real estate
2

 
25

 
152

 
177

Construction real estate:
 
 
 
 
 
 
 
  SEPH commercial land and development
—

 
—

 
—

 
—

  Remaining commercial
1

 
37

 
—

 
37

  Mortgage
—

 
—

 
—

 
—

  Installment
2

 
—

 
26

 
26

Residential real estate:
 
 
 
 
 
 
 
  Commercial
6

 
493

 
1,561

 
2,054

  Mortgage
12

 
880

 
242

 
1,122

  HELOC
4

 
54

 
—

 
54

  Installment
4

 
40

 
9

 
49

Consumer
72

 
332

 
137

 
469

Total loans
110

 
$
1,861

 
$
2,447

 
$
4,308


 
 
Three Months Ended
March 31, 2012
(In thousands)
Number of
Contracts
 
Accruing
 
Nonaccrual
 
Total
Recorded
Investment
Commercial, financial and agricultural
5

 
$
1,289

 
$
750

 
$
2,039

Commercial real estate
16

 
2,212

 
2,967

 
5,179

Construction real estate:
 
 
 
 
 
 
 
  SEPH commercial land and development
4

 
—

 
894

 
894

  Remaining commercial
9

 
8,641

 
1,565

 
10,206

  Mortgage
—

 
—

 
—

 
—

  Installment
—

 
—

 
—

 
—

Residential real estate:
 
 
 
 
 
 
 
  Commercial
3

 
—

 
318

 
318

  Mortgage
9

 
111

 
1,170

 
1,281

  HELOC
—

 
—

 
—

 
—

  Installment
—

 
—

 
—

 
—

Consumer
1

 
—

 
91

 
91

Total loans
47

 
$
12,253

 
$
7,755

 
$
20,008
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-month period ended March 31, 2013 and March 31, 2012, respectively. For this table, a loan is considered to be in default when it becomes 30 days contractually past due under the modified terms. The additional allowance for loan loss resulting from the defaults on TDR loans was immaterial.
 
 
Three Months Ended
March 31, 2013
 
 
Three Months Ended
March 31, 2012
 
(In thousands)
Number of
Contracts
 
Recorded
Investment
 
 
Number of
Contracts
 
Recorded
Investment
 
Commercial, financial and agricultural
10

 
$
979

 
 
15

 
$
8,469

 
Commercial real estate
2

 
198

 
 
8

 
3,201

 
Construction real estate:
 

 
 

 
 
 
 
 
 
SEPH commercial land and development
2

 
45

 
 
3

 
659

 
Remaining commercial
3

 
506

 
 
8

 
4,155

 
Mortgage
1

 
85

 
 
—

 
—

 
Installment
1

 
12

 
 
—

 
—

 
Residential real estate:
 

 
 

 
 
 
 
 
 
Commercial
2

 
857

 
 
6

 
3,948

 
Mortgage
34

 
3,430

 
 
5

 
684

 
HELOC
2

 
77

 
 
1

 
48

 
Installment
10

 
273

 
 
—

 
—

 
Consumer
100

 
617

 
 
—

 
—

 
Leases
—

 
—

 
 
—

 
—

 
Total loans
167

 
$
7,079

 
 
46

 
$
21,164