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Allowance For Loan Losses (Tables)
 6 Months Ended
Jun. 30, 2014
Loans and Leases Receivable, Allowance [Abstract]  
Activity In The Allowance For Loan Losses
The activity in the allowance for loan losses for the three and six months ended June 30, 2014 and June 30, 2013 is summarized below.
 
 
Three Months Ended
June 30, 2014
(In thousands)
Commercial,
financial and
agricultural
 
Commercial
real estate
 
Construction
real estate
 
Residential
real estate
 
Consumer
 
Leases
 
Total
Allowance for loan losses:
 

 
 

 
 

 
 

 
 

 
 

 
 

Beginning balance
$
13,762

 
$
15,754

 
$
8,121

 
$
14,207

 
$
8,413

 
$
—

 
$
60,257

Charge-offs
214

 
5,274

 
21

 
680

 
1,506

 
—

 
7,695

Recoveries
347

 
2,177

 
3,023

 
356

 
705

 
1

 
6,609

Net charge-offs/(recoveries)
(133
)
 
3,097

 
(3,002
)
 
324

 
801

 
(1
)
 
1,086

Provision/(recovery)
301

 
(1,595
)
 
(3,302
)
 
636

 
2,701

 
(1
)
 
(1,260
)
Ending balance
$
14,196

 
$
11,062

 
$
7,821

 
$
14,519

 
$
10,313

 
$
—

 
$
57,911

 
 
Three Months Ended
June 30, 2013
(In thousands)
Commercial,
financial and
agricultural
 
Commercial
real estate
 
Construction
real estate
 
Residential
real estate
 
Consumer
 
Leases
 
Total
Allowance for loan losses:
 

 
 

 
 

 
 

 
 

 
 

 
 

Beginning balance
$
15,417

 
$
11,070

 
$
7,556

 
$
14,634

 
$
6,638

 
$
—

 
$
55,315

Charge-offs
776

 
742

 
153

 
648

 
1,520

 
—

 
3,839

Recoveries
728

 
222

 
421

 
1,142

 
448

 
1

 
2,962

Net charge-offs/(recoveries)
48

 
520

 
(268
)
 
(494
)
 
1,072

 
(1
)
 
877

Provision / (recovery)
22

 
475

 
(692
)
 
(481
)
 
1,350

 
(1
)
 
673

Ending balance
$
15,391

 
$
11,025

 
$
7,132

 
$
14,647

 
$
6,916

 
$
—

 
$
55,111


 
Six Months Ended
June 30, 2014
(In thousands)
Commercial,
financial and
agricultural
 
Commercial
real estate
 
Construction
real estate
 
Residential
real estate
 
Consumer
 
Leases
 
Total
Allowance for loan losses:
 

 
 

 
 

 
 

 
 

 
 

 
 

Beginning balance
$
14,218

 
$
15,899

 
$
6,855

 
$
14,251

 
$
8,245

 
$
—

 
$
59,468

Charge-offs
853

 
6,068

 
24

 
1,276

 
3,301

 
—

 
11,522

Recoveries
594

 
3,913

 
5,974

 
1,593

 
1,374

 
2

 
13,450

Net charge-offs/(recoveries)
259

 
2,155

 
(5,950
)
 
(317
)
 
1,927

 
(2
)
 
(1,928
)
Provision/(recovery)
237

 
(2,682
)
 
(4,984
)
 
(49
)
 
3,995

 
(2
)
 
(3,485
)
Ending balance
$
14,196

 
$
11,062

 
$
7,821

 
$
14,519

 
$
10,313

 
$
—

 
$
57,911

 
 
Six Months Ended
June 30, 2013
(In thousands)
Commercial,
financial and
agricultural
 
Commercial
real estate
 
Construction
real estate
 
Residential
real estate
 
Consumer
 
Leases
 
Total
Allowance for loan losses:
 

 
 

 
 

 
 

 
 

 
 

 
 

Beginning balance
$
15,635

 
$
11,736

 
$
6,841

 
$
14,759

 
$
6,566

 
$
—

 
$
55,537

Charge-offs
3,484

 
1,076

 
1,671

 
1,322

 
2,794

 
—

 
10,347

Recoveries
917

 
262

 
1,848

 
4,640

 
1,251

 
1

 
8,919

Net charge-offs
2,567

 
814

 
(177
)
 
(3,318
)
 
1,543

 
(1
)
 
1,428

Provision/(recovery)
2,323

 
103

 
114

 
(3,430
)
 
1,893

 
(1
)
 
1,002

Ending balance
$
15,391

 
$
11,025

 
$
7,132

 
$
14,647

 
$
6,916

 
$
—

 
$
55,111
Composition Of The Allowance For Loan Losses
The composition of the allowance for loan losses at June 30, 2014 and December 31, 2013 was as follows:
 
 
June 30, 2014
(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
$
2,860

 
$
781

 
$
2,174

 
$
447

 
$
81

 
$
—

 
$
6,343

Collectively evaluated for impairment
11,336

 
10,281

 
5,647

 
14,072

 
10,232

 
—

 
51,568

Total ending allowance balance
$
14,196

 
$
11,062

 
$
7,821

 
$
14,519

 
$
10,313

 
$
—

 
$
57,911

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loan balance:
 

 
 

 
 

 
 

 
 

 
 

 
 

Loans individually evaluated for impairment
$
17,628

 
$
35,135

 
$
14,336

 
$
28,743

 
$
132

 
$
—

 
$
95,974

Loans collectively evaluated for impairment
800,266

 
1,064,641

 
140,656

 
1,799,406

 
831,322

 
3,222

 
4,639,513

Total ending loan balance
$
817,894

 
$
1,099,776

 
$
154,992

 
$
1,828,149

 
$
831,454

 
$
3,222

 
$
4,735,487

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan losses as a percentage of loan balance:
 

 
 

 
 

 
 

 
 

 
 

 
 

Loans individually evaluated for impairment
16.22
%
 
2.22
%
 
15.16
%
 
1.56
%
 
61.36
%
 
—

 
6.61
%
Loans collectively evaluated for impairment
1.42
%
 
0.97
%
 
4.01
%
 
0.78
%
 
1.23
%
 
—

 
1.11
%
Total
1.74
%
 
1.01
%
 
5.05
%
 
0.79
%
 
1.24
%
 
—

 
1.22
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Recorded investment:
 

 
 

 
 

 
 

 
 

 
 

 
 

Loans individually evaluated for impairment
$
17,628

 
$
35,138

 
$
14,332

 
$
28,775

 
$
132

 
$
—

 
$
96,005

Loans collectively evaluated for impairment
803,206

 
1,067,973

 
141,060

 
1,802,999

 
834,101

 
3,254

 
4,652,593

Total ending recorded investment
$
820,834

 
$
1,103,111

 
$
155,392

 
$
1,831,774

 
$
834,233

 
$
3,254

 
$
4,748,598

 
 
 
December 31, 2013
(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
 
$
3,268

 
$
5,496

 
$
1,132

 
$
555

 
$
—

 
$
—

 
$
10,451

Collectively evaluated for impairment
 
10,950

 
10,403

 
5,723

 
13,696

 
8,245

 
—

 
49,017

Total ending allowance balance
 
$
14,218

 
$
15,899

 
$
6,855

 
$
14,251

 
$
8,245

 
$
—

 
$
59,468

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loan balance:
 
 

 
 

 
 

 
 

 
 

 
 

 
 

Loans individually evaluated for impairment
 
$
20,724

 
$
41,816

 
$
15,559

 
$
33,406

 
$
799

 
$
—

 
$
112,304

Loans collectively evaluated for impairment
 
804,708

 
1,070,457

 
140,557

 
1,766,141

 
722,934

 
3,404

 
4,508,201

Total ending loan balance
 
$
825,432

 
$
1,112,273

 
$
156,116

 
$
1,799,547

 
$
723,733

 
$
3,404

 
$
4,620,505

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan losses as a percentage of loan balance:
 
 

 
 

 
 

 
 

 
 

 
 

 
 

Loans individually evaluated for impairment
 
15.77
%
 
13.14
%
 
7.28
%
 
1.66
%
 
—

 
—

 
9.31
%
Loans collectively evaluated for impairment
 
1.36
%
 
0.97
%
 
4.07
%
 
0.78
%
 
1.14
%
 
—

 
1.09
%
Total
 
1.72
%
 
1.43
%
 
4.39
%
 
0.79
%
 
1.14
%
 
—

 
1.29
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Recorded investment:
 
 

 
 

 
 

 
 

 
 

 
 

 
 

Loans individually evaluated for impairment
 
$
20,727

 
$
41,822

 
$
15,559

 
$
33,408

 
$
799

 
$
—

 
$
112,315

Loans collectively evaluated for impairment
 
807,784

 
1,074,216

 
140,944

 
1,769,604

 
725,709

 
3,427

 
4,521,684

Total ending recorded investment
 
$
828,511

 
$
1,116,038

 
$
156,503

 
$
1,803,012

 
$
726,508

 
$
3,427

 
$
4,633,999