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Allowance For Loan Losses (Tables)
 9 Months Ended
Sep. 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 nine months ended September 30, 2014 and September 30, 2013 is summarized below.
 
 
Three Months Ended
September 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
$
14,196

 
$
11,062

 
$
7,821

 
$
14,519

 
$
10,313

 
$
—

 
$
57,911

Charge-offs
874

 
463

 
11

 
623

 
2,014

 
—

 
3,985

Charge-offs upon transfer to held for sale
597

 
1,467

 
1,262

 
1,012

 
—

 
—

 
4,338

Recoveries
161

 
161

 
2,368

 
284

 
607

 
4

 
3,585

Net charge-offs/(recoveries)
1,310

 
1,769

 
(1,095
)
 
1,351

 
1,407

 
(4
)
 
4,738

Provision/(recovery)
136

 
1,136

 
(262
)
 
1,678

 
1,817

 
(4
)
 
4,501

Ending balance
$
13,022

 
$
10,429

 
$
8,654

 
$
14,846

 
$
10,723

 
$
—

 
$
57,674

 
 
Three Months Ended
September 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
$
15,391

 
$
11,025

 
$
7,132

 
$
14,647

 
$
6,916

 
$
—

 
$
55,111

Charge-offs
3,297

 
457

 
100

 
725

 
709

 
—

 
5,288

Recoveries
216

 
358

 
4,026

 
620

 
353

 
—

 
5,573

Net charge-offs/(recoveries)
3,081

 
99

 
(3,926
)
 
105

 
356

 
—

 
(285
)
Provision/(recovery)
1,741

 
4,611

 
(4,704
)
 
(942
)
 
1,792

 
—

 
2,498

Ending balance
$
14,051

 
$
15,537

 
$
6,354

 
$
13,600

 
$
8,352

 
$
—

 
$
57,894


 
Nine Months Ended
September 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
1,727

 
6,531

 
35

 
1,899

 
5,315

 
—

 
15,507

Charge-offs upon transfer to held for sale
597

 
1,467

 
1,262

 
1,012

 
—

 
—

 
4,338

Recoveries
755

 
4,074

 
8,342

 
1,877

 
1,981

 
6

 
17,035

Net charge-offs/(recoveries)
1,569

 
3,924


(7,045
)

1,034


3,334


(6
)
 
2,810

Provision/(recovery)
373

 
(1,546
)
 
(5,246
)
 
1,629

 
5,812

 
(6
)
 
1,016

Ending balance
$
13,022

 
$
10,429

 
$
8,654

 
$
14,846

 
$
10,723

 
$
—

 
$
57,674

 
 
Nine Months Ended
September 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
6,781

 
1,533

 
1,771

 
2,047

 
3,503

 
—

 
15,635

Recoveries
1,133

 
620

 
5,874

 
5,260

 
1,604

 
1

 
14,492

Net charge-offs/(recoveries)
5,648

 
913

 
(4,103
)
 
(3,213
)
 
1,899

 
(1
)
 
1,143

Provision/(recovery)
4,064

 
4,714

 
(4,590
)
 
(4,372
)
 
3,685

 
(1
)
 
3,500

Ending balance
$
14,051

 
$
15,537

 
$
6,354

 
$
13,600

 
$
8,352

 
$
—

 
$
57,894
Composition Of The Allowance For Loan Losses
The composition of the allowance for loan losses at September 30, 2014 and December 31, 2013 was as follows:
 
 
September 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
$
1,652

 
$
252

 
$
1,951

 
$
230

 
$
35

 
$
—

 
$
4,120

Collectively evaluated for impairment
11,370

 
10,177

 
6,703

 
14,616

 
10,688

 
—

 
53,554

Total ending allowance balance
$
13,022

 
$
10,429

 
$
8,654

 
$
14,846

 
$
10,723

 
$
—

 
$
57,674

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loan balance:
 

 
 

 
 

 
 

 
 

 
 

 
 

Loans individually evaluated for impairment
$
23,186

 
$
21,298

 
$
8,067

 
$
23,612

 
$
35

 
$
—

 
$
76,198

Loans collectively evaluated for impairment
786,364

 
1,051,252

 
162,319

 
1,807,508

 
883,613

 
3,179

 
4,694,235

Total ending loan balance
$
809,550

 
$
1,072,550

 
$
170,386

 
$
1,831,120

 
$
883,648

 
$
3,179

 
$
4,770,433

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan losses as a percentage of loan balance:
 

 
 

 
 

 
 

 
 

 
 

 
 

Loans individually evaluated for impairment
7.12
%
 
1.18
%
 
24.18
%
 
0.97
%
 
100.00
%
 
—

 
5.41
%
Loans collectively evaluated for impairment
1.45
%
 
0.97
%
 
4.13
%
 
0.81
%
 
1.21
%
 
—

 
1.14
%
Total
1.61
%
 
0.97
%
 
5.08
%
 
0.81
%
 
1.21
%
 
—

 
1.21
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Recorded investment:
 

 
 

 
 

 
 

 
 

 
 

 
 

Loans individually evaluated for impairment
$
23,186

 
$
21,303

 
$
8,067

 
$
23,640

 
$
35

 
$
—

 
$
76,231

Loans collectively evaluated for impairment
789,508

 
1,055,117

 
162,789

 
1,811,116

 
886,380

 
3,235

 
4,708,145

Total ending recorded investment
$
812,694

 
$
1,076,420

 
$
170,856

 
$
1,834,756

 
$
886,415

 
$
3,235

 
$
4,784,376

 
 
 
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

 
1,764,475

 
722,934

 
3,404

 
4,506,535

Total ending loan balance
 
$
825,432

 
$
1,112,273

 
$
156,116

 
$
1,797,881

 
$
723,733

 
$
3,404

 
$
4,618,839

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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

 
1,767,938

 
725,709

 
3,427

 
4,520,018

Total ending recorded investment
 
$
828,511

 
$
1,116,038

 
$
156,503

 
$
1,801,346

 
$
726,508

 
$
3,427

 
$
4,632,333