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Allowance for Loan Losses (Tables)
 12 Months Ended
Dec. 31, 2018
Allowance For Loan Losses [Abstract]  
Schedule of the activity in the allowance for loan losses
The activity in the allowance for loan losses for the years ended December 31, 2018, 2017, and 2016 is summarized in the following tables.

 
 
Year ended December 31, 2018
(In thousands)
 
Commercial, financial and agricultural
 
Commercial real estate
 
Construction real estate
 
Residential real estate
 
Consumer
 
Leases
 
Total
Allowance for credit losses:
 
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
 
$
15,022

 
$
9,601

 
$
4,430

 
$
9,321

 
$
11,614

 
$
—

 
$
49,988

     Charge-offs
 
2,796

 
281

 
72

 
441

 
9,962

 
—

 
13,552

  Recoveries
 
(1,221
)
 
(272
)
 
(712
)
 
(844
)
 
(4,078
)
 
(4
)
 
(7,131
)
Net charge-offs (recoveries)
 
1,575

 
9

 
(640
)
 
(403
)
 
5,884

 
(4
)
 
6,421

Provision (Recovery)
 
3,330

 
176

 
(607
)
 
(993
)
 
6,043

 
(4
)
 
7,945

         Ending balance
 
$
16,777

 
$
9,768

 
$
4,463

 
$
8,731

 
$
11,773

 
—

 
$
51,512

 
 
 
Year ended December 31, 2017
(In thousands)
 
Commercial, financial and agricultural
 
Commercial real estate
 
Construction real estate
 
Residential real estate
 
Consumer
 
Leases
 
Total
Allowance for credit losses:
 
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
 
$
13,434

 
$
10,432

 
$
5,247

 
$
10,958

 
$
10,553

 
$
—

 
$
50,624

     Charge-offs
 
6,017

 
1,798

 
105

 
1,208

 
10,275

 
—

 
19,403

  Recoveries
 
(809
)
 
(810
)
 
(2,124
)
 
(1,863
)
 
(4,603
)
 
(1
)
 
(10,210
)
Net charge-offs (recoveries)
 
5,208

 
988

 
(2,019
)
 
(655
)
 
5,672

 
(1
)
 
9,193

Provision (Recovery)
 
6,796

 
157

 
(2,836
)
 
(2,292
)
 
6,733

 
(1
)
 
8,557

        Ending balance
 
$
15,022

 
$
9,601

 
$
4,430

 
$
9,321

 
$
11,614

 
$
—

 
$
49,988



 
 
Year ended December 31, 2016
(In thousands)
 
Commercial, financial and agricultural
 
Commercial real estate
 
Construction real estate
 
Residential real estate
 
Consumer
 
Leases
 
Total
Allowance for credit losses:
 
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
 
$
13,694

 
$
9,197

 
$
8,564

 
$
13,514

 
$
11,524

 
$
1

 
$
56,494

Charge-offs
 
5,786

 
412

 
1,436

 
3,014

 
10,151

 
—

 
20,799

Recoveries
 
(1,259
)
 
(3,671
)
 
(8,559
)
 
(2,446
)
 
(4,094
)
 
(1
)
 
(20,030
)
Net charge-offs (recoveries)
 
4,527

 
(3,259
)
 
(7,123
)
 
568

 
6,057

 
(1
)
 
769

Provision (Recovery)
 
4,267

 
(2,024
)
 
(10,440
)
 
(1,988
)
 
5,086

 
(2
)
 
(5,101
)
Ending balance
 
$
13,434

 
$
10,432

 
$
5,247

 
$
10,958

 
$
10,553

 
$
—

 
$
50,624
Schedule of the composition of the allowance for loan losses
The composition of the allowance for loan losses at December 31, 2018 and 2017 was as follows: 

 
December 31, 2018
(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
$
2,169

 
$
86

 
$
—

 
$
18

 
$
—

 
$
—

 
$
2,273

Collectively evaluated for impairment
14,608

 
9,682

 
4,463

 
8,713

 
11,773

 
—

 
49,239

Acquired with deteriorated credit quality
—

 
—

 
—

 
—

 
—

 
—

 
—

Total ending allowance balance
$
16,777

 
$
9,768

 
$
4,463

 
$
8,731

 
$
11,773

 
$
—

 
$
51,512

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loan balance:
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans individually evaluated for impairment
$
15,119

 
$
28,418

 
$
1,866

 
$
2,732

 
$
—

 
$
—

 
$
48,135

Loans collectively evaluated for impairment
1,057,520

 
1,251,579

 
245,909

 
1,790,637

 
1,292,136

 
2,273

 
5,640,054

Loans acquired with deteriorated credit quality (1)
147

 
3,048

 
499

 
249

 
—

 
—

 
3,943

Total ending loan balance
$
1,072,786

 
$
1,283,045

 
$
248,274

 
$
1,793,618

 
$
1,292,136

 
$
2,273

 
$
5,692,132

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan losses as a percentage of loan balance:
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans individually evaluated for impairment
14.35
%
 
0.30
%
 
—
%
 
0.66
%
 
—
%
 
—
%
 
4.72
%
Loans collectively evaluated for impairment
1.38
%
 
0.77
%
 
1.81
%
 
0.49
%
 
0.91
%
 
—
%
 
0.87
%
Loans acquired with deteriorated credit quality
—
%
 
—
%
 
—
%
 
—
%
 
—
%
 
—
%
 
—
%
Total
1.56
%
 
0.76
%
 
1.80
%
 
0.49
%
 
0.91
%
 
—
%
 
0.90
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Recorded investment:
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans individually evaluated for impairment
$
15,120

 
$
28,426

 
$
1,866

 
$
2,732

 
$
—

 
$
—

 
$
48,144

Loans collectively evaluated for impairment
1,062,121

 
1,256,310

 
246,864

 
1,794,207

 
1,295,892

 
2,299

 
5,657,693

Loans acquired with deteriorated credit quality (1)
148

 
3,059

 
503

 
251

 
—

 
—

 
3,961

Total ending recorded investment
$
1,077,389

 
$
1,287,795

 
$
249,233

 
$
1,797,190

 
$
1,295,892

 
$
2,299

 
$
5,709,798

 (1) Excludes loans acquired with deteriorated credit quality which are individually evaluated for impairment due to additional credit deterioration post acquisition. These loans had a balance of $475,000, a recorded investment of $475,000, and zero allowance as of December 31, 2018.
 
December 31, 2017
(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
$
681

 
$
2

 
$
—

 
$
1

 
$
—

 
$
—

 
$
684

Collectively evaluated for impairment
14,341

 
9,599

 
4,430

 
9,320

 
11,614

 
—

 
49,304

Total ending allowance balance
$
15,022

 
$
9,601

 
$
4,430

 
$
9,321

 
$
11,614

 
$
—

 
$
49,988

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loan balance:
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans individually evaluated for impairment
$
18,034

 
$
18,131

 
$
1,322

 
$
19,058

 
$
—

 
$
—

 
$
56,545

Loans collectively evaluated for impairment
1,035,419

 
1,149,476

 
180,148

 
1,706,166

 
1,241,736

 
2,993

 
5,315,938

Total ending loan balance
$
1,053,453

 
$
1,167,607

 
$
181,470

 
$
1,725,224

 
$
1,241,736

 
$
2,993

 
$
5,372,483

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan losses as a percentage of loan balance:
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans individually evaluated for impairment
3.78
%
 
0.01
%
 
—
%
 
0.01
%
 
—
%
 
—
%
 
1.21
%
Loans collectively evaluated for impairment
1.39
%
 
0.84
%
 
2.46
%
 
0.55
%
 
0.94
%
 
—
%
 
0.93
%
Total
1.43
%
 
0.82
%
 
2.44
%
 
0.54
%
 
0.94
%
 
—
%
 
0.93
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Recorded investment:
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans individually evaluated for impairment
$
18,039

 
$
18,142

 
$
1,324

 
$
19,059

 
$
—

 
$
—

 
$
56,564

Loans collectively evaluated for impairment
1,039,827

 
1,153,748

 
180,693

 
1,709,737

 
1,245,544

 
3,029

 
5,332,578

Total ending recorded investment
$
1,057,866

 
$
1,171,890

 
$
182,017

 
$
1,728,796

 
$
1,245,544

 
$
3,029

 
$
5,389,142