Allowance for Loan Losses (Tables)

12 Months Ended

Dec. 31, 2019

Allowance For Loan Losses [Abstract]

Financing Receivable, Current, Allowance for Credit Loss [Table Text Block]

The activity in the allowance for loan losses for the years ended December 31, 2019, 2018, and 2017 is summarized in the following tables.


	Year ended December 31, 2019
(In thousands)	Commercial, financial and agricultural		Commercial real estate		Construction real estate		Residential real estate		Consumer		Leases		Total
Allowance for credit losses:
Beginning balance	$	16,777	$	9,768	$	4,463	$	8,731	$	11,773	$	—	$	51,512
Charge-offs	2,231		400		—		239		8,307		—		11,177
Recoveries	(1,241)		(720)		(2,682)		(787)		(4,742)		(1)		(10,173)
Net charge-offs (recoveries)	990		(320)		(2,682)		(548)		3,565		(1)		1,004
Provision (Recovery)	4,416		141		(1,834)		(669)		4,003		114		6,171
Ending balance	$	20,203	$	10,229	$	5,311	$	8,610	$	12,211	115		$	56,679


	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

Schedule of the composition of the allowance for loan losses

The composition of the allowance for loan losses at December 31, 2019 and 2018 was as follows:


	December 31, 2019
(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	$	5,104		$	35		$	—		$	42		$	—		$	49		$	5,230
Collectively evaluated for impairment	14,948			10,187			5,311			8,458			12,211			66			51,181
Acquired with deteriorated credit quality	151			7			—			110			—			—			268
Total ending allowance balance	$	20,203		$	10,229		$	5,311		$	8,610		$	12,211		$	115		$	56,679

Loan balance:
Loans individually evaluated for impairment	$	33,077		$	41,770		$	453		$	2,025		$	—		$	134		$	77,459
Loans collectively evaluated for impairment	1,151,073			1,558,550			330,106			1,888,088			1,452,373			29,424			6,409,614
Loans acquired with deteriorated credit quality ⁽¹⁾	960			9,093			1,140			2,613			2			523			14,331
Total ending loan balance	$	1,185,110		$	1,609,413		$	331,699		$	1,892,726		$	1,452,375		$	30,081		$	6,501,404

Allowance for loan losses as a percentage of loan balance:
Loans individually evaluated for impairment	15.43		%	0.08		%	—		%	2.07		%	—		%	36.57		%	6.75		%
Loans collectively evaluated for impairment	1.30		%	0.65		%	1.61		%	0.45		%	0.84		%	0.22		%	0.80		%
Loans acquired with deteriorated credit quality	15.73		%	0.08		%	—		%	4.21		%	—		%	—		%	1.87		%
Total	1.70		%	0.64		%	1.60		%	0.45		%	0.84		%	0.38		%	0.87		%

Recorded investment:
Loans individually evaluated for impairment	$	33,088		$	41,791		$	453		$	2,025		$	—		$	134		$	77,491
Loans collectively evaluated for impairment	1,155,449			1,564,011			331,161			1,891,941			1,456,687			29,444			6,428,693
Loans acquired with deteriorated credit quality ⁽¹⁾	966			9,182			1,143			2,625			2			523			14,441
Total ending recorded investment	$	1,189,503		$	1,614,984		$	332,757		$	1,896,591		$	1,456,689		$	30,101		$	6,520,625

⁽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 $5,000, a recorded investment of $6,000, and zero allowance as of December 31, 2019.


	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.