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Allowance For Loan Losses | 12 Months Ended
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Dec. 31, 2010
Allowance For Loan Losses [Abstract] |
Allowance For Loan Losses | 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).

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- Definition Includes disclosure of claims held for amounts due a company. Examples include trade accounts receivables, notes receivables, loans receivables. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph k -Article 4 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 3, 4 -Article 5 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 7 -Article 9 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Statement of Position (SOP) -Number 01-6 -Paragraph 13 -Subparagraph d + Details
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