6. ALLOWANCE FOR LOAN LOSSES

Activity in the allowance for loan losses is summarized as follows:

(In thousands)	2010 (Restated)			2009			2008
Average loans	$	4,642,478		$	4,594,436		$	4,354,520
Allowance for loan losses:
Beginning balance	$	116,717		$	100,088		$	87,102
Charge-offs:
Commercial, financial and agricultural		8,484			10,047			2,953
Commercial real estate		7,748			5,662			4,126
Construction real estate		23,308			21,956			34,052
Residential real estate		18,401			11,765			12,600
Consumer		8,373			9,583			9,181
Lease financing		—			9			4
Total charge-offs		66,314			59,022			62,916
Recoveries:
Commercial, financial and agricultural		1,237			1,010			861
Commercial real estate		850			771			451
Construction real estate		813			1,322			137
Residential real estate		1,429			1,723			1,128
Consumer		1,763			2,001			2,807
Lease financing		—			3			31
Total recoveries		6,092			6,830			5,415
Net charge-offs		60,222			52,192			57,501
Provision for loan losses		87,080			68,821			70,487
Ending balance	$	143,575		$	116,717		$	100,088
Ratio of net charge-offs to average loans		1.30	%		1.14	%		1.32	%
Ratio of allowance for loan losses to end of period loans		3.03	%		2.52	%		2.23	%

The composition of the allowance for loan losses at December 31, 2010, as restated, was as follows:

(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	$	3,028		$	12,652		$	45,312		$	5,912		$	-		$	-		$	66,904
Collectively evaluated for impairment		8,527			11,717			25,150			24,347			6,925			5			76,671
Total ending ALLL balance	$	11,555		$	24,369		$	70,462		$	30,259		$	6,925		$	5		$	143,575

Loan Balance:
Loans individually evaluated for impairment	$	19,205		$	57,930		$	113,571		$	60,227		$	-		$	-		$	250,933
Loans collectively evaluated for impairment		718,697			1,168,686			292,909			1,631,982			666,871			2,607			4,481,752
Total ending loan balance	$	737,902		$	1,226,616		$	406,480		$	1,692,209		$	666,871		$	2,607		$	4,732,685

Allowance for loan losses as a percentage of loan balance:
Loans individually evaluated for impairment		15.77	%		21.84	%		39.90	%		9.82	%		-			-			26.66	%
Loans collectively evaluated for impairment		1.19	%		1.00	%		8.59	%		1.49	%		1.04	%		0.19	%		1.71	%
Total ending balance		1.57	%		1.99	%		17.33	%		1.79	%		1.04	%		0.19	%		3.03	%

Recorded Investment:
Loans individually evaluated for impairment	$	19,205		$	57,930		$	113,571		$	60,227		$	-		$	-		$	250,933
Loans collectively evaluated for impairment		721,583			1,173,490			293,962			1,637,443			670,116			2,663			4,499,257
Total ending loan balance	$	740,788		$	1,231,420		$	407,533		$	1,697,670		$	670,116		$	2,663		$	4,750,190

The composition of the allowance for loan losses at December 31, 2009 was as follows:

	Outstanding		Allowance		ALL as a % of
(In thousands)	Loan Balance		for Loan Losses		Loan Balance
Loans collectively evaluated for impairment	$	4,439,289	$	79,996		1.80	%
Loans indivdually evaluated for impairment		201,143		36,721		18.26	%
Total loans and allowance for loan losses	$	4,640,432	$	116,717		2.52	%

Loans collectively evaluated for impairment above include all performing loans at December 31, 2010 and 2009, as well as nonperforming loans internally classified as consumer loans. Nonperforming consumer loans are not typically evaluated for impairment, but receive a portion of the statistical allocation of the allowance for loan losses. Loans individually evaluated for impairment above include all impaired loans internally classified as commercial loans at December 31, 2010 and 2009, which are evaluated for impairment in accordance with GAAP (see Note 1 of these Notes to Consolidated Financial Statements).