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Loans (Tables)
 12 Months Ended
Dec. 31, 2013
Loans and Leases Receivable Disclosure [Abstract]  
Schedule of composition of loan portfolio by class of loan
The composition of the loan portfolio, by class of loan, as of December 31, 2013 and December 31, 2012 was as follows:

 
 
12/31/2013
 
 
12/31/2012
(In thousands)
 
Loan Balance
 
Accrued Interest Receivable
 
Recorded Investment
 
 
Loan Balance
 
Accrued Interest Receivable
 
Recorded Investment
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial, financial and agricultural *
 
$
825,432

 
$
3,079

 
$
828,511

 
 
$
823,927

 
$
2,976

 
$
826,903

Commercial real estate *
 
1,112,273

 
3,765

 
1,116,038

 
 
1,092,164

 
3,839

 
1,096,003

Construction real estate:
 
 
 
 
 
 
 
 
 
 
 
 
 
SEPH commercial land and development *
 
5,846

 
2

 
5,848

 
 
15,105

 
37

 
15,142

Remaining commercial
 
110,842

 
263

 
111,105

 
 
115,473

 
331

 
115,804

Mortgage
 
31,882

 
96

 
31,978

 
 
26,373

 
81

 
26,454

Installment
 
7,546

 
26

 
7,572

 
 
8,577

 
33

 
8,610

Residential real estate:
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
 
407,387

 
904

 
408,291

 
 
392,203

 
959

 
393,162

Mortgage
 
1,144,754

 
1,559

 
1,146,313

 
 
1,064,787

 
1,399

 
1,066,186

HELOC
 
213,565

 
870

 
214,435

 
 
212,905

 
892

 
213,797

Installment
 
33,841

 
132

 
33,973

 
 
43,750

 
176

 
43,926

Consumer
 
723,733

 
2,775

 
726,508

 
 
651,930

 
2,835

 
654,765

Leases
 
3,404

 
23

 
3,427

 
 
3,128

 
29

 
3,157

Total loans
 
$
4,620,505

 
$
13,494

 
$
4,633,999

 
 
$
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 were an immaterial amount of consumer loans that were not broken out by class.
Schedule of recorded investment in nonaccrual restructured and loans past due 90 days or more and accruing
The following table presents the recorded investment in nonaccrual loans, accruing troubled debt restructurings, and loans past due 90 days or more and still accruing by class of loan as of December 31, 2013 and December 31, 2012:
 


12/31/2013
(In thousands)

Nonaccrual Loans

Accruing Troubled Debt Restructurings

Loans Past Due 90 Days or More and Accruing

Total Nonperforming Loans
Commercial, financial and agricultural

$
20,633


$
107


$
80


$
20,820

Commercial real estate

39,588


2,234


2


41,824

Construction real estate:












 SEPH commercial land and development

4,777


—


—


4,777

Remaining commercial

10,476


306


—


10,782

Mortgage

87


97


—


184

Installment

39


192


—


231

Residential real estate:












Commercial

32,495


913


—


33,408

Mortgage

20,564


11,708


549


32,821

HELOC

2,129


751


—


2,880

Installment

965


885


80


1,930

Consumer

3,463


1,616


1,016


6,095

Total loans

$
135,216


$
18,809


$
1,727


$
155,752


 
 
12/31/2012
(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
Schedule of loans individually evaluated for impairment and loans collectively evaluated for impairment
The following table provides additional information regarding those nonaccrual and accruing troubled debt restructured loans that are individually evaluated for impairment and those collectively evaluated for impairment as of December 31, 2013 and December 31, 2012.
 
 
 
12/31/2013
 
 
12/31/2012
 
(In thousands)
 
Nonaccrual and accruing troubled debt restructurings
 
Loans individually evaluated for impairment
 
Loans collectively evaluated for impairment
 
 
Nonaccrual and accruing troubled debt restructurings
 
Loans individually evaluated for impairment
 
Loans collectively evaluated for impairment
Commercial, financial and agricultural
 
$
20,740

 
$
20,727

 
$
13

 
 
$
22,601

 
$
22,587

 
$
14

Commercial real estate
 
41,822

 
41,822

 
—

 
 
44,278

 
44,278

 
—

Construction real estate:
 
 
 
 
 
 
 
 
 
 
 
 
 
SEPH commercial land and development
 
4,777

 
4,777

 
—

 
 
13,939

 
13,260

 
679

Remaining commercial
 
10,782

 
10,782

 
—

 
 
21,574

 
21,574

 
—

Mortgage
 
184

 
—

 
184

 
 
258

 
—

 
258

Installment
 
231

 
—

 
231

 
 
324

 
—

 
324

Residential real estate:
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
 
33,408

 
33,408

 
—

 
 
35,622

 
35,622

 
—

Mortgage
 
32,272

 
—

 
32,272

 
 
37,685

 
—

 
37,685

HELOC
 
2,880

 
—

 
2,880

 
 
2,425

 
—

 
2,425

Installment
 
1,850

 
—

 
1,850

 
 
2,450

 
—

 
2,450

Consumer
 
5,079

 
799

 
4,280

 
 
4,326

 
18

 
4,308

Total loans
 
$
154,025

 
$
112,315

 
$
41,710

 
 
$
185,482

 
$
137,339

 
$
48,143
Schedule of loans individually evaluated for impairment by class of loan
The following table presents loans individually evaluated for impairment by class of loan as of December 31, 2013 and December 31, 2012.
 


12/31/2013
 

12/31/2012
(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

$
22,429


$
12,885


$
—

 

$
23,782


$
14,683


$
—

Commercial real estate

56,870


34,149


—

 

56,258


35,097


—

Construction real estate:









 

 
 
 
 
 
SEPH commercial land and development

23,722


4,777


—

 

57,346


13,260


—

Remaining commercial

8,429

 
6,872

 
—

 

29,328


14,093


—

Residential real estate:



 


 


 

 
 
 
 
 
Commercial

36,709

 
31,461

 
—

 

39,918


31,957


—

Consumer

799

 
799

 
—

 

18


18


—

With an allowance recorded

 
 
 
 
 
 

 
 
 
 
 
Commercial, financial and agricultural

12,616

 
7,842

 
3,268

 

12,268


7,904


3,180

Commercial real estate

7,966

 
7,673

 
5,496

 

11,412


9,181


1,540

Construction real estate:

 
 
 
 
 
 

 
 
 
 
 
Remaining commercial

3,909

 
3,910

 
1,132

 

8,071


7,481


2,277

Residential real estate:

 
 
 
 
 
 

 
 
 
 
 
Commercial

2,129

 
1,947

 
555

 

3,944


3,665


1,279

Consumer

—

 
—

 
—

 

—


—


—

Total

$
175,578


$
112,315


$
10,451

 

$
242,345


$
137,339


$
8,276
Schedule of average recorded investment and interest income recognized on loans individually evaluated for impairment
The following tables present the average recorded investment and interest income recognized on loans individually evaluated for impairment for the years ended December 31, 2013, 2012, and 2011.
  
 
 
 
 
Year ended December 31, 2013
(In thousands)
 
Recorded Investment as of December 31, 2013
 
Average recorded investment
 
Interest income recognized
Commercial, financial and agricultural
 
$
20,727

 
$
20,523

 
$
412

Commercial real estate
 
41,822

 
41,426

 
1,151

Construction real estate:
 
 
 
 
 
 
SEPH commercial land and development
 
4,777

 
8,723

 
—

   Remaining commercial
 
10,782

 
17,829

 
616

Residential real estate:
 
 
 
 
 
 
   Commercial
 
33,408

 
34,972

 
461

Consumer
 
799

 
616

 
—

Total
 
$
112,315

 
$
124,089

 
$
2,640


 
 
 
 
 
Year ended December 31, 2012
(In thousands)
 
Recorded Investment as of December 31, 2012
 
Average recorded investment
 
Interest income recognized
 Commercial, financial and agricultural
 
$
22,587

 
$
35,305

 
$
529

 Commercial real estate
 
44,278

 
44,541

 
968

 Construction real estate:
 
 
 
 
 
 
SEPH commercial land and development
 
13,260

 
17,277

 
—

     Remaining commercial
 
21,574

 
27,774

 
818

 Residential real estate:
 
 
 
 
 
 
     Commercial
 
35,622

 
39,248

 
497

 Consumer
 
18

 
19

 
1

Total
 
$
137,339

 
$
164,164

 
$
2,813

 
 
 
 
Year ended
December 31, 2011
(In thousands)
 
Recorded Investment as of December 31, 2011
 
Average recorded investment
 
Interest income recognized
 Commercial, financial and agricultural
 
$
40,621

 
$
23,518

 
$
209

 Commercial real estate
 
51,978

 
49,927

 
829

 Construction real estate:
 
 
 
 
 
 
Vision commercial land and development
 
24,328

 
58,792

 
—

     Remaining commercial
 
25,912

 
29,152

 
339

 Residential real estate:
 
 
 
 
 
 
     Commercial
 
44,276

 
52,640

 
214

 Consumer
 
20

 
16

 
1

Total
 
$
187,135

 
$
214,045

 
$
1,592
Schedule of aging of the recorded investment in past due loans
The following tables present the aging of the recorded investment in past due loans as of December 31, 2013 and December 31, 2012 by class of loan.

 
 
12/31/2013
(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
 
$
1,233

 
$
13,275

 
$
14,508

 
$
814,003

 
$
828,511

Commercial real estate
 
2,168

 
18,274

 
20,442

 
1,095,596

 
1,116,038

Construction real estate:
 
 
 
 
 
 
 
 
 
 
SEPH commercial land and development
 
—

 
4,242

 
4,242

 
1,606

 
5,848

Remaining commercial
 
—

 
3,463

 
3,463

 
107,642

 
111,105

Mortgage
 
264

 
75

 
339

 
31,639

 
31,978

Installment
 
207

 
14

 
221

 
7,351

 
7,572

Residential real estate:
 
 
 
 
 
 
 
 
 
 
Commercial
 
900

 
5,659

 
6,559

 
401,732

 
408,291

Mortgage
 
13,633

 
11,829

 
25,462

 
1,120,851

 
1,146,313

HELOC
 
571

 
402

 
973

 
213,462

 
214,435

Installment
 
696

 
436

 
1,132

 
32,841

 
33,973

Consumer
 
12,143

 
3,941

 
16,084

 
710,424

 
726,508

Leases
 
—

 
—

 
—

 
3,427

 
3,427

Total loans
 
$
31,815

 
$
61,610

 
$
93,425

 
$
4,540,574

 
$
4,633,999

* Includes $1.7 million of loans past due 90 days or more and accruing. The remaining are past due, nonaccrual loans.
 
 
12/31/2012
(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
Schedule of recorded investment by loan grade
The tables below present the recorded investment by loan grade at December 31, 2013 and December 31, 2012 for all commercial loans:
 
 
 
12/31/2013
(In thousands)
 
5 Rated
 
6 Rated
 
Impaired
 
Pass Rated
 
Recorded Investment
Commercial, financial and agricultural*
 
$
6,055

 
$
532

 
$
20,740

 
$
801,184

 
$
828,511

Commercial real estate*
 
11,591

 
1,525

 
41,822

 
1,061,100

 
1,116,038

Construction real estate:
 
 
 
 
 
 
 
 
 
 
  SEPH commercial land and development*
 
354

 
—

 
4,777

 
717

 
5,848

  Remaining commercial
 
6,858

 
244

 
10,782

 
93,221

 
111,105

Residential real estate:
 
 
 
 
 
 
 
 
 
 
  Commercial
 
5,033

 
397

 
33,408

 
369,453

 
408,291

Leases
 
—

 
—

 
—

 
3,427

 
3,427

Total Commercial Loans
 
$
29,891

 
$
2,698

 
$
111,529

 
$
2,329,102

 
$
2,473,220


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

 
 
12/31/2012
(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
Schedule of troubled debt restructurings on financing receivables
The following tables detail the number of contracts modified as TDRs during the years ended December 31, 2013 and December 31, 2012 as well as the recorded investment of these contracts at December 31, 2013 and December 31, 2012. The recorded investment pre- and post-modification is generally the same.
 
 
Year ended
December 31, 2013
(In thousands)
 
Number of Contracts
 
Accruing
 
Nonaccrual
 
Recorded Investment
Commercial, financial and agricultural
 
34

 
$
7

 
$
1,334

 
$
1,341

Commercial real estate
 
22

 
—

 
8,563

 
8,563

Construction real estate:
 
 
 
 
 
 
 
 
SEPH commercial land and development
 
—

 
—

 
—

 
—

Remaining commercial
 
3

 
—

 
98

 
98

Mortgage
 
—

 
—

 
—

 
—

Installment
 
4

 
26

 
25

 
51

Residential real estate:
 
 
 
 
 
 
 
 
Commercial
 
15

 
—

 
2,552

 
2,552

Mortgage
 
62

 
1,967

 
2,278

 
4,245

HELOC
 
16

 
175

 
—

 
175

Installment
 
13

 
113

 
179

 
292

Consumer
 
327

 
805

 
345

 
1,150

Total loans
 
496

 
$
3,093

 
$
15,374

 
$
18,467

 
 
Year ended
December 31, 2012
(In thousands)
 
Number of Contracts
 
Accruing
 
Nonaccrual
 
Recorded Investment
Commercial, financial and agricultural
 
44

 
$
2,843

 
$
1,499

 
$
4,342

Commercial real estate
 
25

 
2,648

 
3,611

 
6,259

Construction real estate:
 
 
 
 
 
 
 
 
SEPH commercial land and development
 
12

 
—

 
1,301

 
1,301

Remaining commercial
 
15

 
531

 
6,579

 
7,110

Mortgage
 
2

 
99

 
85

 
184

Installment
 
6

 
175

 
78

 
253

Residential real estate:
 
 
 
 
 
 
 
 
Commercial
 
18

 
1,139

 
1,842

 
2,981

Mortgage
 
129

 
4,279

 
5,776

 
10,055

HELOC
 
46

 
736

 
58

 
794

Installment
 
57

 
761

 
508

 
1,269

Consumer
 
600

 
1,899

 
670

 
2,569

Total loans
 
954

 
$
15,110

 
$
22,007

 
$
37,117
Schedule recorded investment in financing receivables which were modified as troubled debt restructurings within the previous 12 months and for which there was a payment default during the 12 month
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 year ended December 31, 2013 and December 31, 2012. For this table, a loan is considered to be in default when it becomes 30 days contractually past due under modified terms. The additional allowance for loan loss resulting from the defaults on TDR loans was immaterial.
 
 
 
Year ended
December 31, 2013
 
Year ended
December 31, 2012
(In thousands)
 
Number of Contracts
 
Recorded Investment
 
Number of Contracts
 
Recorded Investment
Commercial, financial and agricultural
 
11

 
$
771

 
8

 
$
244

Commercial real estate
 
11

 
2,839

 
10

 
2,113

Construction real estate:
 
 
 
 
 
 
 
 
SEPH commercial land and development
 
—

 
—

 
7

 
970

Remaining commercial
 
—

 
—

 
4

 
1,476

Mortgage
 
—

 
—

 
1

 
85

Installment
 
1

 
10

 
1

 
27

Residential real estate:
 
 
 
 
 
 
 
 
Commercial
 
4

 
1,683

 
1

 
16

Mortgage
 
26

 
1,533

 
39

 
2,863

HELOC
 
—

 
—

 
5

 
70

Installment
 
5

 
72

 
9

 
272

Consumer
 
74

 
471

 
123

 
743

Leases
 
—

 
—

 
—

 
—

Total loans
 
132

 
$
7,379

 
$
208

 
$
8,879