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Loans and Asset Quality Information (Tables) | 3 Months Ended
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Mar. 31, 2013
Loans And Asset Quality Information Tables |
Summary of the major categories of total loans outstanding | The following is a summary of the major categories of total loans outstanding:
($ in thousands) |  | March 31, 2013 |  |  | December 31, 2012 |  |  | March 31, 2012 |
|  | Amount |  |  | Percentage |  |  | Amount |  |  | Percentage |  |  | Amount |  |  | Percentage |
All loans (non-covered and covered): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial, financial, and agricultural |  | $ | 162,074 |  |  |  | 7% |  |  |  | 160,790 |  |  |  | 7% |  |  |  | 159,496 |  |  |  | 7% |
Real estate – construction, land development & other land loans |  |  | 293,918 |  |  |  | 12% |  |  |  | 298,458 |  |  |  | 13% |  |  |  | 355,709 |  |  |  | 15% |
Real estate – mortgage – residential (1-4 family) first mortgages |  |  | 831,467 |  |  |  | 35% |  |  |  | 815,281 |  |  |  | 34% |  |  |  | 812,878 |  |  |  | 33% |
Real estate – mortgage – home equity loans / lines of credit |  |  | 236,222 |  |  |  | 10% |  |  |  | 238,925 |  |  |  | 10% |  |  |  | 255,955 |  |  |  | 10% |
Real estate – mortgage – commercial and other |  |  | 803,875 |  |  |  | 33% |  |  |  | 789,746 |  |  |  | 33% |  |  |  | 775,610 |  |  |  | 32% |
Installment loans to individuals |  |  | 67,272 |  |  |  | 3% |  |  |  | 71,933 |  |  |  | 3% |  |  |  | 75,636 |  |  |  | 3% |
Subtotal |  |  | 2,394,828 |  |  |  | 100% |  |  |  | 2,375,133 |  |  |  | 100% |  |  |  | 2,435,284 |  |  |  | 100% |
Unamortized net deferred loan costs |  |  | 1,323 |  |  |  |  |  |  |  | 1,324 |  |  |  |  |  |  |  | 1,340 |  |  |  |  |
Total loans |  | $ | 2,396,151 |  |  |  |  |  |  |  | 2,376,457 |  |  |  |  |  |  |  | 2,436,624 |  |  |  |  |
Summary of the major categories of non-covered loans outstanding | The following is a summary of the major categories of non-covered loans outstanding:
($ in thousands) |  | March 31, 2013 |  |  | December 31, 2012 |  |  | March 31, 2012 |
|  | Amount |  |  | Percentage |  |  | Amount |  |  | Percentage |  |  | Amount |  |  | Percentage |
Non-covered loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial, financial, and agricultural |  | $ | 157,235 |  |  |  | 7% |  |  |  | 155,273 |  |  |  | 7% |  |  |  | 151,148 |  |  |  | 7% |
Real estate – construction, land development & other land loans |  |  | 253,275 |  |  |  | 12% |  |  |  | 251,569 |  |  |  | 12% |  |  |  | 287,833 |  |  |  | 14% |
Real estate – mortgage – residential (1-4 family) first mortgages |  |  | 700,429 |  |  |  | 33% |  |  |  | 679,401 |  |  |  | 33% |  |  |  | 659,946 |  |  |  | 31% |
Real estate – mortgage – home equity loans / lines of credit |  |  | 217,567 |  |  |  | 10% |  |  |  | 219,443 |  |  |  | 11% |  |  |  | 233,915 |  |  |  | 11% |
Real estate – mortgage – commercial and other |  |  | 736,314 |  |  |  | 35% |  |  |  | 715,973 |  |  |  | 34% |  |  |  | 685,734 |  |  |  | 33% |
Installment loans to individuals |  |  | 66,540 |  |  |  | 3% |  |  |  | 71,160 |  |  |  | 3% |  |  |  | 74,608 |  |  |  | 4% |
Subtotal |  |  | 2,131,360 |  |  |  | 100% |  |  |  | 2,092,819 |  |  |  | 100% |  |  |  | 2,093,184 |  |  |  | 100% |
Unamortized net deferred loan costs |  |  | 1,323 |  |  |  |  |  |  |  | 1,324 |  |  |  |  |  |  |  | 1,340 |  |  |  |  |
Total non-covered loans |  | $ | 2,132,683 |  |  |  |  |  |  |  | 2,094,143 |  |  |  |  |  |  |  | 2,094,524 |  |  |  |  |
Carrying amount of the covered loans | The carrying amount of the covered loans at March 31, 2013 consisted of impaired and nonimpaired purchased loans, as follows:
($ in thousands) |  | Impaired Purchased Loans – Carrying Value |  |  | Impaired Purchased Loans – Unpaid Principal Balance |  |  | Nonimpaired Purchased Loans – Carrying Value |  |  | Nonimpaired Purchased Loans - Unpaid Principal Balance |  |  | Total Covered Loans – Carrying Value |  |  | Total Covered Loans – Unpaid Principal Balance |
Covered loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial, financial, and agricultural |  | $ | 70 |  |  |  | 144 |  |  |  | 4,769 |  |  |  | 6,782 |  |  |  | 4,839 |  |  |  | 6,926 |
Real estate – construction, land development & other land loans |  |  | 1,571 |  |  |  | 2,587 |  |  |  | 39,072 |  |  |  | 75,283 |  |  |  | 40,643 |  |  |  | 77,870 |
Real estate – mortgage – residential (1-4 family) first mortgages |  |  | 773 |  |  |  | 1,895 |  |  |  | 130,265 |  |  |  | 155,901 |  |  |  | 131,038 |  |  |  | 157,796 |
Real estate – mortgage – home equity loans / lines of credit |  |  | 16 |  |  |  | 55 |  |  |  | 18,639 |  |  |  | 23,289 |  |  |  | 18,655 |  |  |  | 23,344 |
Real estate – mortgage – commercial and other |  |  | 2,296 |  |  |  | 4,093 |  |  |  | 65,265 |  |  |  | 87,109 |  |  |  | 67,561 |  |  |  | 91,202 |
Installment loans to individuals |  |  | — |  |  |  | — |  |  |  | 732 |  |  |  | 776 |  |  |  | 732 |  |  |  | 776 |
Total |  | $ | 4,726 |  |  |  | 8,774 |  |  |  | 258,742 |  |  |  | 349,140 |  |  |  | 263,468 |  |  |  | 357,914 |
The carrying amount of the covered loans at December 31, 2012 consisted of impaired and nonimpaired purchased loans, as follows:
($ in thousands) |  | Impaired Purchased Loans – Carrying Value |  |  | Impaired Purchased Loans – Unpaid Principal Balance |  |  | Nonimpaired Purchased Loans – Carrying Value |  |  | Nonimpaired Purchased Loans - Unpaid Principal Balance |  |  | Total Covered Loans – Carrying Value |  |  | Total Covered Loans – Unpaid Principal Balance |
Covered loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial, financial, and agricultural |  | $ | 71 |  |  |  | 148 |  |  |  | 5,446 |  |  |  | 7,009 |  |  |  | 5,517 |  |  |  | 7,157 |
Real estate – construction, land development & other land loans |  |  | 1,575 |  |  |  | 2,594 |  |  |  | 45,314 |  |  |  | 82,676 |  |  |  | 46,889 |  |  |  | 85,270 |
Real estate – mortgage – residential (1-4 family) first mortgages |  |  | 794 |  |  |  | 1,902 |  |  |  | 135,086 |  |  |  | 161,416 |  |  |  | 135,880 |  |  |  | 163,318 |
Real estate – mortgage – home equity loans / lines of credit |  |  | 16 |  |  |  | 56 |  |  |  | 19,466 |  |  |  | 24,431 |  |  |  | 19,482 |  |  |  | 24,487 |
Real estate – mortgage – commercial and other |  |  | 2,369 |  |  |  | 4,115 |  |  |  | 71,404 |  |  |  | 94,502 |  |  |  | 73,773 |  |  |  | 98,617 |
Installment loans to individuals |  |  | — |  |  |  | — |  |  |  | 773 |  |  |  | 828 |  |  |  | 773 |  |  |  | 828 |
Total |  | $ | 4,825 |  |  |  | 8,815 |  |  |  | 277,489 |  |  |  | 370,862 |  |  |  | 282,314 |  |  |  | 379,677 |
Schedule of covered purchased nonimpaired loans | The following table presents information regarding covered purchased nonimpaired loans since December 31, 2011.
($ in thousands) |  |  |
Carrying amount of nonimpaired covered loans at December 31, 2011 |  | $ | 353,370 |
Principal repayments |  |  | (51,582 | )
Transfers to foreclosed real estate |  |  | (30,181 | )
Loan charge-offs |  |  | (10,584 | )
Accretion of loan discount |  |  | 16,466 |
Carrying amount of nonimpaired covered loans at December 31, 2012 |  |  | 277,489 |
Principal repayments |  |  | (14,595 | )
Transfers to foreclosed real estate |  |  | (2,701 | )
Loan charge-offs |  |  | (5,109 | )
Accretion of loan discount |  |  | 3,658 |
Carrying amount of nonimpaired covered loans at March 31, 2013 |  | $ | 258,742 |
Schedule of purchased impaired loans | The following table presents information regarding all purchased impaired loans since December 31, 2011, substantially all of which are covered loans. The Company has applied the cost recovery method to all purchased impaired loans at their respective acquisition dates due to the uncertainty as to the timing of expected cash flows, as reflected in the following table.
($ in thousands) Purchased Impaired Loans |  | Contractual Principal Receivable |  |  | Fair Market Value Adjustment – Write Down (Nonaccretable Difference) |  |  | Carrying Amount |
Balance at December 31, 2011 |  | $ | 18,316 |  |  |  | 9,532 |  |  |  | 8,784 |
Change due to payments received |  |  | (355 | ) |  |  | 44 |  |  |  | (399 | )
Transfer to foreclosed real estate |  |  | (7,636 | ) |  |  | (3,487 | ) |  |  | (4,149 | )
Change due to loan charge-off |  |  | (359 | ) |  |  | (531 | ) |  |  | 172 |
Other |  |  | (1,151 | ) |  |  | (1,568 | ) |  |  | 417 |
Balance at December 31, 2012 |  |  | 8,815 |  |  |  | 3,990 |  |  |  | 4,825 |
Change due to payments received |  |  | (41 | ) |  |  | 58 |  |  |  | (99 | )
Balance at March 31, 2013 |  | $ | 8,774 |  |  |  | 4,048 |  |  |  | 4,726 |
Summary of nonperforming assets | Nonperforming assets are summarized as follows:
ASSET QUALITY DATA ($ in thousands) |  | March 31, 2013 |  |  | December 31, 2012 |  |  | March 31, 2012 |
Non-covered nonperforming assets |  |  |  |  |  |  |  |  |  |  |  |
Nonaccrual loans |  | $ | 38,917 |  |  |  | 33,034 |  |  |  | 69,665 |
Restructured loans - accruing |  |  | 24,378 |  |  |  | 24,848 |  |  |  | 10,619 |
Accruing loans > 90 days past due |  |  | — |  |  |  | — |  |  |  | — |
Total non-covered nonperforming loans |  |  | 63,295 |  |  |  | 57,882 |  |  |  | 80,284 |
Nonperforming loans held for sale |  |  | — |  |  |  | 21,938 |  |  |  | — |
Foreclosed real estate |  |  | 20,115 |  |  |  | 26,285 |  |  |  | 36,838 |
Total non-covered nonperforming assets |  | $ | 83,410 |  |  |  | 106,105 |  |  |  | 117,122 |
Covered nonperforming assets |  |  |  |  |  |  |  |  |  |  |  |
Nonaccrual loans (1) |  | $ | 51,221 |  |  |  | 33,491 |  |  |  | 42,369 |
Restructured loans - accruing |  |  | 10,582 |  |  |  | 15,465 |  |  |  | 13,158 |
Accruing loans > 90 days past due |  |  | — |  |  |  | — |  |  |  | — |
Total covered nonperforming loans |  |  | 61,803 |  |  |  | 48,956 |  |  |  | 55,527 |
Foreclosed real estate |  |  | 30,156 |  |  |  | 47,290 |  |  |  | 79,535 |
Total covered nonperforming assets |  | $ | 91,959 |  |  |  | 96,246 |  |  |  | 135,062 |
Total nonperforming assets |  | $ | 175,369 |  |  |  | 202,351 |  |  |  | 252,184 |
(1) At March 31, 2013, December 31, 2012, and March 31, 2012, the contractual balance of the nonaccrual loans covered by FDIC loss share agreements was $94.8 million, $64.4 million, and $68.3 million, respectively.
Information related to impaired loans | The following table presents information related to the Company’s impaired loans.
($ in thousands) |  | As of /for the three months ended March 31, 2013 |  |  | As of /for the year ended December 31, 2012 |  |  | As of /for the three months ended March 31, 2012 |
Impaired loans at period end |  |  |  |  |  |  |  |  |  |  |  |
Non-covered |  | $ | 63,295 |  |  |  | 57,882 |  |  |  | 80,284 |
Covered |  |  | 61,803 |  |  |  | 48,956 |  |  |  | 55,527 |
Total impaired loans at period end |  | $ | 125,098 |  |  |  | 106,838 |  |  |  | 135,811 |
Average amount of impaired loans for period |  |  |  |  |  |  |  |  |  |  |  |
Non-covered |  | $ | 60,589 |  |  |  | 85,198 |  |  |  | 82,788 |
Covered |  |  | 55,380 |  |  |  | 54,773 |  |  |  | 55,609 |
Average amount of impaired loans for period – total |  | $ | 115,969 |  |  |  | 139,971 |  |  |  | 138,397 |
Allowance for loan losses related to impaired loans at period end |  |  |  |  |  |  |  |  |  |  |  |
Non-covered |  | $ | 5,920 |  |  |  | 5,051 |  |  |  | 11,662 |
Covered |  |  | 3,861 |  |  |  | 3,509 |  |  |  | 5,308 |
Allowance for loan losses related to impaired loans - total |  | $ | 9,781 |  |  |  | 8,560 |  |  |  | 16,970 |
Amount of impaired loans with no related allowance at period end |  |  |  |  |  |  |  |  |  |  |  |
Non-covered |  | $ | 8,573 |  |  |  | 12,049 |  |  |  | 16,717 |
Covered |  |  | 44,848 |  |  |  | 35,196 |  |  |  | 36,756 |
Total impaired loans with no related allowance at period end |  | $ | 53,421 |  |  |  | 47,245 |  |  |  | 53,473 |
Schedule of nonaccrual loans | The following table presents the Company’s nonaccrual loans as of March 31, 2013.
($ in thousands) |  | Non-covered |  |  | Covered |  |  | Total |
Commercial, financial, and agricultural: |  |  |  |  |  |  |  |  |  |  |  |
Commercial – unsecured |  | $ | 26 |  |  |  | 189 |  |  |  | 215 |
Commercial – secured |  |  | 2,382 |  |  |  | 3 |  |  |  | 2,385 |
Secured by inventory and accounts receivable |  |  | 23 |  |  |  | 239 |  |  |  | 262 |
Real estate – construction, land development & other land loans |  |  | 7,118 |  |  |  | 18,447 |  |  |  | 25,565 |
Real estate – residential, farmland and multi-family |  |  | 13,551 |  |  |  | 14,674 |  |  |  | 28,225 |
Real estate – home equity lines of credit |  |  | 1,479 |  |  |  | 521 |  |  |  | 2,000 |
Real estate – commercial |  |  | 13,428 |  |  |  | 17,084 |  |  |  | 30,512 |
Consumer |  |  | 910 |  |  |  | 64 |  |  |  | 974 |
Total |  | $ | 38,917 |  |  |  | 51,221 |  |  |  | 90,138 |
The following table presents the Company’s nonaccrual loans as of December 31, 2012.
($ in thousands) |  | Non-covered |  |  | Covered |  |  | Total |
Commercial, financial, and agricultural: |  |  |  |  |  |  |  |  |  |  |  |
Commercial - unsecured |  | $ | 307 |  |  |  | 150 |  |  |  | 457 |
Commercial - secured |  |  | 2,398 |  |  |  | 3 |  |  |  | 2,401 |
Secured by inventory and accounts receivable |  |  | 17 |  |  |  | 59 |  |  |  | 76 |
Real estate – construction, land development & other land loans |  |  | 6,354 |  |  |  | 11,698 |  |  |  | 18,052 |
Real estate – residential, farmland and multi-family |  |  | 9,629 |  |  |  | 10,712 |  |  |  | 20,341 |
Real estate – home equity lines of credit |  |  | 1,622 |  |  |  | 465 |  |  |  | 2,087 |
Real estate - commercial |  |  | 9,885 |  |  |  | 10,342 |  |  |  | 20,227 |
Consumer |  |  | 2,822 |  |  |  | 62 |  |  |  | 2,884 |
Total |  | $ | 33,034 |  |  |  | 33,491 |  |  |  | 66,525 |
Schedule of analysis of the payment status of loans | The following table presents an analysis of the payment status of the Company’s loans as of March 31, 2013.
($ in thousands) |  | 30-59 Days Past Due |  |  | 60-89 Days Past Due |  |  | Nonaccrual Loans |  |  | Current |  |  | Total Loans Receivable |
Non-covered loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial, financial, and agricultural: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial - unsecured |  | $ | 73 |  |  |  | 127 |  |  |  | 26 |  |  |  | 34,888 |  |  |  | 35,114 |
Commercial - secured |  |  | 948 |  |  |  | 242 |  |  |  | 2,382 |  |  |  | 113,026 |  |  |  | 116,598 |
Secured by inventory and accounts receivable |  |  | 141 |  |  |  | 19 |  |  |  | 23 |  |  |  | 19,826 |  |  |  | 20,009 |
Real estate – construction, land development & other land loans |  |  | 1,554 |  |  |  | 1,871 |  |  |  | 7,118 |  |  |  | 210,159 |  |  |  | 220,702 |
Real estate – residential, farmland, and multi-family |  |  | 8,158 |  |  |  | 1,343 |  |  |  | 13,551 |  |  |  | 815,221 |  |  |  | 838,273 |
Real estate – home equity lines of credit |  |  | 521 |  |  |  | 381 |  |  |  | 1,479 |  |  |  | 197,755 |  |  |  | 200,136 |
Real estate - commercial |  |  | 1,770 |  |  |  | 618 |  |  |  | 13,428 |  |  |  | 632,916 |  |  |  | 648,732 |
Consumer |  |  | 364 |  |  |  | 126 |  |  |  | 910 |  |  |  | 50,396 |  |  |  | 51,796 |
Total non-covered |  | $ | 13,529 |  |  |  | 4,727 |  |  |  | 38,917 |  |  |  | 2,074,187 |  |  |  | 2,131,360 |
Unamortized net deferred loan costs |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,323 |
Total non-covered loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 2,132,683 |
Covered loans |  | $ | 9,226 |  |  |  | 2,797 |  |  |  | 51,221 |  |  |  | 200,224 |  |  |  | 263,468 |
Total loans |  | $ | 22,755 |  |  |  | 7,524 |  |  |  | 90,138 |  |  |  | 2,274,411 |  |  |  | 2,396,151 |
The following table presents an analysis of the payment status of the Company’s loans as of December 31, 2012.
($ in thousands) |  | 30-59 Days Past Due |  |  | 60-89 Days Past Due |  |  | Nonaccrual Loans |  |  | Current |  |  | Total Loans Receivable |
Non-covered loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial, financial, and agricultural: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial - unsecured |  | $ | 91 |  |  |  | 10 |  |  |  | 307 |  |  |  | 35,278 |  |  |  | 35,686 |
Commercial - secured |  |  | 1,020 |  |  |  | 220 |  |  |  | 2,398 |  |  |  | 110,074 |  |  |  | 113,712 |
Secured by inventory and accounts receivable |  |  | 52 |  |  |  | 4 |  |  |  | 17 |  |  |  | 21,270 |  |  |  | 21,343 |
Real estate – construction, land development & other land loans |  |  | 490 |  |  |  | 263 |  |  |  | 6,354 |  |  |  | 211,001 |  |  |  | 218,108 |
Real estate – residential, farmland, and multi-family |  |  | 9,673 |  |  |  | 2,553 |  |  |  | 9,629 |  |  |  | 797,584 |  |  |  | 819,439 |
Real estate – home equity lines of credit |  |  | 976 |  |  |  | 320 |  |  |  | 1,622 |  |  |  | 197,962 |  |  |  | 200,880 |
Real estate - commercial |  |  | 4,326 |  |  |  | 1,131 |  |  |  | 9,885 |  |  |  | 612,598 |  |  |  | 627,940 |
Consumer |  |  | 462 |  |  |  | 219 |  |  |  | 2,822 |  |  |  | 52,208 |  |  |  | 55,711 |
Total non-covered |  | $ | 17,090 |  |  |  | 4,720 |  |  |  | 33,034 |  |  |  | 2,037,975 |  |  |  | 2,092,819 |
Unamortized net deferred loan costs |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,324 |
Total non-covered loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 2,094,143 |
Covered loans |  | $ | 6,564 |  |  |  | 3,417 |  |  |  | 33,491 |  |  |  | 238,842 |  |  |  | 282,314 |
Total loans |  | $ | 23,654 |  |  |  | 8,137 |  |  |  | 66,525 |  |  |  | 2,276,817 |  |  |  | 2,376,457 |
Schedule of activity in the allowance for loan losses for non-covered loans | The following table presents the activity in the allowance for loan losses for non-covered loans for the three months ended March 31, 2013.
($ in thousands) |  | Commercial, Financial, and Agricultural |  |  | Real Estate – Construction, Land Development, & Other Land Loans |  |  | Real Estate – Residential, Farmland, and Multi- family |  |  | Real Estate – Home Equity Lines of Credit |  |  | Real Estate – Commercial and Other |  |  | Consumer |  |  | Unallo- cated |  |  | Total |
As of and for the three months ended March 31, 2013
Beginning balance |  | $ | 4,687 |  |  |  | 12,856 |  |  |  | 14,082 |  |  |  | 1,884 |  |  |  | 5,247 |  |  |  | 1,939 |  |  |  | 948 |  |  |  | 41,643 |
Charge-offs |  |  | (824 | ) |  |  | (823 | ) |  |  | (797 | ) |  |  | (624 | ) |  |  | (540 | ) |  |  | (528 | ) |  |  | (659 | ) |  |  | (4,795 | )
Recoveries |  |  | 19 |  |  |  | 593 |  |  |  | 546 |  |  |  | 58 |  |  |  | 789 |  |  |  | 137 |  |  |  | — |  |  |  | 2,142 |
Provisions |  |  | 1,067 |  |  |  | 2,231 |  |  |  | 1,454 |  |  |  | 722 |  |  |  | 218 |  |  |  | 243 |  |  |  | (164 | ) |  |  | 5,771 |
Ending balance |  | $ | 4,949 |  |  |  | 14,857 |  |  |  | 15,285 |  |  |  | 2,040 |  |  |  | 5,714 |  |  |  | 1,791 |  |  |  | 125 |  |  |  | 44,761 |
Ending balances as of March 31, 2013: Allowance for loan losses
Individually evaluated for impairment |  | $ | 190 |  |  |  | 520 |  |  |  | 259 |  |  |  | — |  |  |  | 1,155 |  |  |  | — |  |  |  | — |  |  |  | 2,124 |
Collectively evaluated for impairment |  | $ | 4,759 |  |  |  | 14,337 |  |  |  | 15,026 |  |  |  | 2,040 |  |  |  | 4,559 |  |  |  | 1,791 |  |  |  | 125 |  |  |  | 42,637 |
Loans acquired with deteriorated credit quality |  | $ | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Loans receivable as of March 31, 2013:
Ending balance – total |  | $ | 171,721 |  |  |  | 220,702 |  |  |  | 838,273 |  |  |  | 200,136 |  |  |  | 648,732 |  |  |  | 51,796 |  |  |  | — |  |  |  | 2,131,360 |
Ending balances as of March 31, 2013: Loans
Individually evaluated for impairment |  | $ | 1,088 |  |  |  | 5,115 |  |  |  | 2,257 |  |  |  | — |  |  |  | 17,560 |  |  |  | — |  |  |  | — |  |  |  | 26,020 |
Collectively evaluated for impairment |  | $ | 170,633 |  |  |  | 215,587 |  |  |  | 836,016 |  |  |  | 200,136 |  |  |  | 631,172 |  |  |  | 51,796 |  |  |  | — |  |  |  | 2,105,340 |
Loans acquired with deteriorated credit quality |  | $ | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
The following table presents the activity in the allowance for loan losses for non-covered loans for the year ended December 31, 2012.
($ in thousands) |  | Commercial, Financial, and Agricultural |  |  | Real Estate – Construction, Land Development, & Other Land Loans |  |  | Real Estate – Residential, Farmland, and Multi- family |  |  | Real Estate – Home Equity Lines of Credit |  |  | Real Estate – Commercial and Other |  |  | Consumer |  |  | Unallo- cated |  |  | Total |
As of and for the year ended December 31, 2012
Beginning balance |  | $ | 3,780 |  |  |  | 11,306 |  |  |  | 13,532 |  |  |  | 1,690 |  |  |  | 3,414 |  |  |  | 1,872 |  |  |  | 16 |  |  |  | 35,610 |
Charge-offs |  |  | (4,912 | ) |  |  | (19,312 | ) |  |  | (20,879 | ) |  |  | (3,287 | ) |  |  | (16,616 | ) |  |  | (1,539 | ) |  |  | — |  |  |  | (66,545 | )
Recoveries |  |  | 354 |  |  |  | 986 |  |  |  | 430 |  |  |  | 209 |  |  |  | 333 |  |  |  | 273 |  |  |  | — |  |  |  | 2,585 |
Provisions |  |  | 5,465 |  |  |  | 19,876 |  |  |  | 20,999 |  |  |  | 3,272 |  |  |  | 18,116 |  |  |  | 1,333 |  |  |  | 932 |  |  |  | 69,993 |
Ending balance |  | $ | 4,687 |  |  |  | 12,856 |  |  |  | 14,082 |  |  |  | 1,884 |  |  |  | 5,247 |  |  |  | 1,939 |  |  |  | 948 |  |  |  | 41,643 |
Ending balances as of December 31, 2012: Allowance for loan losses
Individually evaluated for impairment |  | $ | — |  |  |  | — |  |  |  | 50 |  |  |  | — |  |  |  | 957 |  |  |  | — |  |  |  | — |  |  |  | 1,007 |
Collectively evaluated for impairment |  | $ | 4,687 |  |  |  | 12,856 |  |  |  | 14,032 |  |  |  | 1,884 |  |  |  | 4,290 |  |  |  | 1,939 |  |  |  | 948 |  |  |  | 40,636 |
Loans acquired with deteriorated credit quality |  | $ | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Loans receivable as of December 31, 2012:
Ending balance – total |  | $ | 170,741 |  |  |  | 218,108 |  |  |  | 819,439 |  |  |  | 200,880 |  |  |  | 627,940 |  |  |  | 55,711 |  |  |  | — |  |  |  | 2,092,819 |
Ending balances as of December 31, 2012: Loans
Individually evaluated for impairment |  | $ | — |  |  |  | 4,276 |  |  |  | 1,705 |  |  |  | — |  |  |  | 15,040 |  |  |  | — |  |  |  | — |  |  |  | 21,021 |
Collectively evaluated for impairment |  | $ | 170,741 |  |  |  | 213,832 |  |  |  | 817,734 |  |  |  | 200,880 |  |  |  | 612,900 |  |  |  | 55,711 |  |  |  | — |  |  |  | 2,071,798 |
Loans acquired with deteriorated credit quality |  | $ | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
The following table presents the activity in the allowance for loan losses for non-covered loans for the three months ended March 31, 2012.
($ in thousands) |  | Commercial, Financial, and Agricultural |  |  | Real Estate – Construction, Land Development, & Other Land Loans |  |  | Real Estate – Residential, Farmland, and Multi- family |  |  | Real Estate – Home Equity Lines of Credit |  |  | Real Estate – Commercial and Other |  |  | Consumer |  |  | Unallo- cated |  |  | Total |
As of and for the three months ended March 31, 2012
Beginning balance |  | $ | 3,780 |  |  |  | 11,306 |  |  |  | 13,532 |  |  |  | 1,690 |  |  |  | 3,414 |  |  |  | 1,872 |  |  |  | 16 |  |  |  | 35,610 |
Charge-offs |  |  | (1,318 | ) |  |  | (2,678 | ) |  |  | (2,091 | ) |  |  | (451 | ) |  |  | (1,365 | ) |  |  | (352 | ) |  |  | — |  |  |  | (8,255 | )
Recoveries |  |  | 16 |  |  |  | 188 |  |  |  | 194 |  |  |  | 34 |  |  |  | 41 |  |  |  | 70 |  |  |  | — |  |  |  | 543 |
Provisions |  |  | 2,476 |  |  |  | 7,603 |  |  |  | 3,734 |  |  |  | 859 |  |  |  | 3,647 |  |  |  | 236 |  |  |  | 2 |  |  |  | 18,557 |
Ending balance |  | $ | 4,954 |  |  |  | 16,419 |  |  |  | 15,369 |  |  |  | 2,132 |  |  |  | 5,737 |  |  |  | 1,826 |  |  |  | 18 |  |  |  | 46,455 |
Ending balances as of March 31, 2012: Allowance for loan losses
Individually evaluated for impairment |  | $ | 869 |  |  |  | 3,473 |  |  |  | 1,926 |  |  |  | 406 |  |  |  | 1,885 |  |  |  | — |  |  |  | — |  |  |  | 8,559 |
Collectively evaluated for impairment |  | $ | 4,085 |  |  |  | 12,946 |  |  |  | 13,443 |  |  |  | 1,726 |  |  |  | 3,852 |  |  |  | 1,826 |  |  |  | 18 |  |  |  | 37,896 |
Loans acquired with deteriorated credit quality |  | $ | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Loans receivable as of March 31, 2012:
Ending balance – total |  | $ | 170,210 |  |  |  | 243,761 |  |  |  | 809,205 |  |  |  | 208,330 |  |  |  | 605,285 |  |  |  | 56,393 |  |  |  | — |  |  |  | 2,093,184 |
Ending balances as of March 31, 2012: Loans
Individually evaluated for impairment |  | $ | 1,011 |  |  |  | 24,746 |  |  |  | 14,366 |  |  |  | 1,331 |  |  |  | 25,263 |  |  |  | — |  |  |  | — |  |  |  | 66,717 |
Collectively evaluated for impairment |  | $ | 169,199 |  |  |  | 219,015 |  |  |  | 794,839 |  |  |  | 206,999 |  |  |  | 580,022 |  |  |  | 56,393 |  |  |  | — |  |  |  | 2,026,467 |
Loans acquired with deteriorated credit quality |  | $ | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Schedule of activity in the allowance for loan losses for covered loans | The following table presents the activity in the allowance for loan losses for covered loans for the three months ended March 31, 2013.
($ in thousands) |  | Covered Loans |
As of and for the three months ended March 31, 2013
Beginning balance |  | $ | 4,759 |
Charge-offs |  |  | (5,109 | )
Recoveries |  |  | — |
Provisions |  |  | 5,378 |
Ending balance |  | $ | 5,028 |
Ending balances as of March 31, 2013: Allowance for loan losses
Individually evaluated for impairment |  | $ | 4,656 |
Collectively evaluated for impairment |  |  | 372 |
Loans acquired with deteriorated credit quality |  |  | 17 |
Loans receivable as of March 31, 2013:
Ending balance – total |  | $ | 263,468 |
Ending balances as of March 31, 2013: Loans
Individually evaluated for impairment |  | $ | 87,661 |
Collectively evaluated for impairment |  |  | 175,807 |
Loans acquired with deteriorated credit quality |  |  | 4,726 |
The following table presents the activity in the allowance for loan losses for covered loans for the year ended December 31, 2012.
($ in thousands) |  | Covered Loans |
As of and for the year ended December 31, 2012
Beginning balance |  | $ | 5,808 |
Charge-offs |  |  | (10,728 | )
Recoveries |  |  | — |
Provisions |  |  | 9,679 |
Ending balance |  | $ | 4,759 |
Ending balances as of December 31, 2012: Allowance for loan losses
Individually evaluated for impairment |  | $ | 4,459 |
Collectively evaluated for impairment |  |  | 300 |
Loans acquired with deteriorated credit quality |  |  | 17 |
Loans receivable as of December 31, 2012:
Ending balance – total |  | $ | 282,314 |
Ending balances as of December 31, 2012: Loans
Individually evaluated for impairment |  | $ | 74,914 |
Collectively evaluated for impairment |  |  | 207,400 |
Loans acquired with deteriorated credit quality |  |  | 4,825 |
The following table presents the activity in the allowance for loan losses for covered loans for the three months ended March 31, 2012.
($ in thousands) |  | Covered Loans |
As of and for the three months ended March, 31 2012
Beginning balance |  | $ | 5,808 |
Charge-offs |  |  | (2,434 | )
Recoveries |  |  | — |
Provisions |  |  | 2,998 |
Ending balance |  | $ | 6,372 |
Ending balances as of March 31, 2012: Allowance for loan losses
Individually evaluated for impairment |  | $ | 6,372 |
Collectively evaluated for impairment |  |  | — |
Loans acquired with deteriorated credit quality |  |  | 98 |
Loans receivable as of March 31, 2012:
Ending balance – total |  | $ | 342,100 |
Ending balances as of March 31, 2012: Loans
Individually evaluated for impairment |  | $ | 49,244 |
Collectively evaluated for impairment |  |  | 292,856 |
Loans acquired with deteriorated credit quality |  |  | 5,202 |
Schedule of impaired loans | The following table presents the Company’s impaired loans as of March 31, 2013.
($ in thousands) |  | Recorded Investment |  |  | Unpaid Principal Balance |  |  | Related Allowance |  |  | Average Recorded Investment |
Non-covered loans with no related allowance recorded:
Commercial, financial, and agricultural: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial - unsecured |  | $ | — |  |  |  | — |  |  |  | — |  |  |  | — |
Commercial - secured |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Secured by inventory and accounts receivable |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Real estate – construction, land development & other land loans |  |  | 1,550 |  |  |  | 1,552 |  |  |  | — |  |  |  | 2,914 |
Real estate – residential, farmland, and multi-family |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 799 |
Real estate – home equity lines of credit |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Real estate – commercial |  |  | 7,023 |  |  |  | 8,062 |  |  |  | — |  |  |  | 6,598 |
Consumer |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total non-covered impaired loans with no allowance |  | $ | 8,573 |  |  |  | 9,614 |  |  |  | — |  |  |  | 10,311 |
Total covered impaired loans with no allowance |  | $ | 44,848 |  |  |  | 89,224 |  |  |  | — |  |  |  | 40,022 |
Total impaired loans with no allowance recorded |  | $ | 53,421 |  |  |  | 98,838 |  |  |  | — |  |  |  | 50,333 |
Non-covered loans with an allowance recorded:
Commercial, financial, and agricultural: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial - unsecured |  | $ | 26 |  |  |  | 27 |  |  |  | 5 |  |  |  | 167 |
Commercial - secured |  |  | 2,382 |  |  |  | 2,761 |  |  |  | 368 |  |  |  | 2,390 |
Secured by inventory and accounts receivable |  |  | 23 |  |  |  | 49 |  |  |  | 6 |  |  |  | 20 |
Real estate – construction, land development & other land loans |  |  | 7,764 |  |  |  | 9,631 |  |  |  | 1,790 |  |  |  | 5,849 |
Real estate – residential, farmland, and multi-family |  |  | 28,334 |  |  |  | 28,668 |  |  |  | 2,283 |  |  |  | 26,096 |
Real estate – home equity lines of credit |  |  | 1,501 |  |  |  | 1,984 |  |  |  | 90 |  |  |  | 1,573 |
Real estate – commercial |  |  | 13,782 |  |  |  | 15,851 |  |  |  | 1,239 |  |  |  | 12,317 |
Consumer |  |  | 910 |  |  |  | 1,257 |  |  |  | 139 |  |  |  | 1,866 |
Total non-covered impaired loans with allowance |  | $ | 54,722 |  |  |  | 60,228 |  |  |  | 5,920 |  |  |  | 50,278 |
Total covered impaired loans with allowance |  | $ | 16,955 |  |  |  | 21,499 |  |  |  | 3,861 |  |  |  | 15,358 |
Total impaired loans with an allowance recorded |  | $ | 71,677 |  |  |  | 81,727 |  |  |  | 9,781 |  |  |  | 65,636 |
The following table presents the Company’s impaired loans as of December 31, 2012.
($ in thousands) |  | Recorded Investment |  |  | Unpaid Principal Balance |  |  | Related Allowance |  |  | Average Recorded Investment |
Non-covered loans with no related allowance recorded: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial, financial, and agricultural: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial – unsecured |  | $ | — |  |  |  | — |  |  |  | — |  |  |  | — |
Commercial - secured |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 87 |
Secured by inventory and accounts receivable |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 5 |
Real estate – construction, land development & other land loans |  |  | 4,277 |  |  |  | 4,305 |  |  |  | — |  |  |  | 8,600 |
Real estate – residential, farmland, and multi-family |  |  | 1,597 |  |  |  | 1,618 |  |  |  | — |  |  |  | 2,692 |
Real estate – home equity lines of credit |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 64 |
Real estate – commercial |  |  | 6,175 |  |  |  | 6,851 |  |  |  | — |  |  |  | 12,724 |
Consumer |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 2 |
Total non-covered impaired loans with no allowance |  | $ | 12,049 |  |  |  | 12,774 |  |  |  | — |  |  |  | 24,174 |
Total covered impaired loans with no allowance |  | $ | 35,196 |  |  |  | 71,413 |  |  |  | — |  |  |  | 39,372 |
Total impaired loans with no allowance recorded |  | $ | 47,245 |  |  |  | 84,187 |  |  |  | — |  |  |  | 63,546 |
Non-covered loans with an allowance recorded:
Commercial, financial, and agricultural: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial - unsecured |  | $ | 307 |  |  |  | 386 |  |  |  | 58 |  |  |  | 221 |
Commercial - secured |  |  | 2,398 |  |  |  | 2,762 |  |  |  | 436 |  |  |  | 2,304 |
Secured by inventory and accounts receivable |  |  | 17 |  |  |  | 43 |  |  |  | 4 |  |  |  | 548 |
Real estate – construction, land development & other land loans |  |  | 3,934 |  |  |  | 5,730 |  |  |  | 1,213 |  |  |  | 12,199 |
Real estate – residential, farmland, and multi-family |  |  | 23,859 |  |  |  | 25,844 |  |  |  | 1,955 |  |  |  | 27,186 |
Real estate – home equity lines of credit |  |  | 1,645 |  |  |  | 2,120 |  |  |  | 96 |  |  |  | 2,901 |
Real estate – commercial |  |  | 10,851 |  |  |  | 13,048 |  |  |  | 936 |  |  |  | 12,863 |
Consumer |  |  | 2,822 |  |  |  | 2,858 |  |  |  | 353 |  |  |  | 2,802 |
Total non-covered impaired loans with allowance |  | $ | 45,833 |  |  |  | 52,791 |  |  |  | 5,051 |  |  |  | 61,024 |
Total covered impaired loans with allowance |  | $ | 13,760 |  |  |  | 18,271 |  |  |  | 3,509 |  |  |  | 15,401 |
Total impaired loans with an allowance recorded |  | $ | 59,593 |  |  |  | 71,062 |  |  |  | 8,560 |  |  |  | 76,425 |
Recorded investment in loans by credit quality indicators | The following table presents the Company’s recorded investment in loans by credit quality indicators as of March 31, 2013.
($ in thousands) |  | Credit Quality Indicator (Grouped by Internally Assigned Grade) |
|  | Pass (Grades 1, 2, & 3) |  |  | Weak Pass (Grade 4) |  |  | Watch or Standard Loans (Grade 9) |  |  | Special Mention Loans (Grade 5) |  |  | Classified Loans (Grades 6, 7, & 8) |  |  | Nonaccrual Loans |  |  | Total |
Non-covered loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial, financial, and agricultural: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial - unsecured |  | $ | 6,305 |  |  |  | 26,924 |  |  |  | 10 |  |  |  | 1,031 |  |  |  | 818 |  |  |  | 26 |  |  |  | 35,114 |
Commercial - secured |  |  | 29,627 |  |  |  | 76,964 |  |  |  | 599 |  |  |  | 4,026 |  |  |  | 3,000 |  |  |  | 2,382 |  |  |  | 116,598 |
Secured by inventory and accounts receivable |  |  | 2,161 |  |  |  | 15,527 |  |  |  | 239 |  |  |  | 1,944 |  |  |  | 115 |  |  |  | 23 |  |  |  | 20,009 |
Real estate – construction, land development & other land loans |  |  | 28,271 |  |  |  | 163,409 |  |  |  | 2,071 |  |  |  | 12,048 |  |  |  | 7,785 |  |  |  | 7,118 |  |  |  | 220,702 |
Real estate – residential, farmland, and multi-family |  |  | 247,629 |  |  |  | 508,051 |  |  |  | 5,706 |  |  |  | 37,949 |  |  |  | 25,387 |  |  |  | 13,551 |  |  |  | 838,273 |
Real estate – home equity lines of credit |  |  | 123,195 |  |  |  | 65,816 |  |  |  | 1,710 |  |  |  | 5,583 |  |  |  | 2,353 |  |  |  | 1,479 |  |  |  | 200,136 |
Real estate - commercial |  |  | 100,279 |  |  |  | 482,189 |  |  |  | 17,008 |  |  |  | 23,591 |  |  |  | 12,237 |  |  |  | 13,428 |  |  |  | 648,732 |
Consumer |  |  | 25,619 |  |  |  | 23,544 |  |  |  | 73 |  |  |  | 1,021 |  |  |  | 629 |  |  |  | 910 |  |  |  | 51,796 |
Total |  | $ | 563,086 |  |  |  | 1,362,424 |  |  |  | 27,416 |  |  |  | 87,193 |  |  |  | 52,324 |  |  |  | 38,917 |  |  |  | 2,131,360 |
Unamortized net deferred loan costs |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,323 |
Total non-covered loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 2,132,683 |
Total covered loans |  | $ | 37,521 |  |  |  | 105,397 |  |  |  | — |  |  |  | 9,375 |  |  |  | 59,954 |  |  |  | 51,221 |  |  |  | 263,468 |
Total loans |  | $ | 600,607 |  |  |  | 1,467,821 |  |  |  | 27,416 |  |  |  | 96,568 |  |  |  | 112,278 |  |  |  | 90,138 |  |  |  | 2,396,151 |
The following table presents the Company’s recorded investment in loans by credit quality indicators as of December 31, 2012.
($ in thousands) |  | Credit Quality Indicator (Grouped by Internally Assigned Grade) |
|  | Pass (Grades 1, 2, & 3) |  |  | Weak Pass (Grade 4) |  |  | Watch or Standard Loans (Grade 9) |  |  | Special Mention Loans (Grade 5) |  |  | Classified Loans (Grades 6, 7, & 8) |  |  | Nonaccrual Loans |  |  | Total |
Non-covered loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial, financial, and agricultural: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial - unsecured |  | $ | 10,283 |  |  |  | 24,031 |  |  |  | 10 |  |  |  | 472 |  |  |  | 583 |  |  |  | 307 |  |  |  | 35,686 |
Commercial - secured |  |  | 32,196 |  |  |  | 72,838 |  |  |  | 1,454 |  |  |  | 3,676 |  |  |  | 1,150 |  |  |  | 2,398 |  |  |  | 113,712 |
Secured by inventory and accounts receivable |  |  | 2,344 |  |  |  | 18,126 |  |  |  | 248 |  |  |  | 491 |  |  |  | 117 |  |  |  | 17 |  |  |  | 21,343 |
Real estate – construction, land development & other land loans |  |  | 31,582 |  |  |  | 163,588 |  |  |  | 3,830 |  |  |  | 9,045 |  |  |  | 3,709 |  |  |  | 6,354 |  |  |  | 218,108 |
Real estate – residential, farmland, and multi-family |  |  | 249,313 |  |  |  | 499,922 |  |  |  | 7,154 |  |  |  | 29,091 |  |  |  | 24,330 |  |  |  | 9,629 |  |  |  | 819,439 |
Real estate – home equity lines of credit |  |  | 125,310 |  |  |  | 66,412 |  |  |  | 2,160 |  |  |  | 3,526 |  |  |  | 1,850 |  |  |  | 1,622 |  |  |  | 200,880 |
Real estate - commercial |  |  | 123,814 |  |  |  | 449,316 |  |  |  | 21,801 |  |  |  | 14,050 |  |  |  | 9,074 |  |  |  | 9,885 |  |  |  | 627,940 |
Consumer |  |  | 27,826 |  |  |  | 23,403 |  |  |  | 77 |  |  |  | 954 |  |  |  | 629 |  |  |  | 2,822 |  |  |  | 55,711 |
Total |  | $ | 602,668 |  |  |  | 1,317,636 |  |  |  | 36,734 |  |  |  | 61,305 |  |  |  | 41,442 |  |  |  | 33,034 |  |  |  | 2,092,819 |
Unamortized net deferred loan costs |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,324 |
Total non-covered loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 2,094,143 |
Total covered loans |  | $ | 42,935 |  |  |  | 124,451 |  |  |  | — |  |  |  | 7,569 |  |  |  | 73,868 |  |  |  | 33,491 |  |  |  | 282,314 |
Total loans |  | $ | 645,603 |  |  |  | 1,442,087 |  |  |  | 36,734 |  |  |  | 68,874 |  |  |  | 115,310 |  |  |  | 66,525 |  |  |  | 2,376,457 |
Information related to loans modified in a troubled debt restructuring | The following table presents information related to loans modified in a troubled debt restructuring during the three months ended March 31, 2013 and 2012.
($ in thousands) |  | For the three months ended March 31, 2013 |
|  | Number of Contracts |  |  | Pre-Modification Restructured Balances |  |  | Post-Modification Restructured Balances |
Non-covered TDRs – Accruing |  |  |  |  |  |  |  |  |  |  |  |
Real estate – residential, farmland, and multi-family |  |  | 6 |  |  | $ | 508 |  |  | $ | 508 |
Real estate – commercial |  |  | 1 |  |  |  | 61 |  |  |  | 61 |
Consumer |  |  | 1 |  |  |  | 14 |  |  |  | 14 |
Non-covered TDRs - Nonaccrual |  |  |  |  |  |  |  |  |  |  |  |
Real estate – residential, farmland, and multi-family |  |  | 3 |  |  |  | 209 |  |  |  | 209 |
Total non-covered TDRs arising during period |  |  | 11 |  |  |  | 792 |  |  |  | 792 |
Total covered TDRs arising during period– Accruing |  |  | 1 |  |  | $ | 47 |  |  | $ | 40 |
Total covered TDRs arising during period – Nonaccrual |  |  | — |  |  |  | — |  |  |  | — |
Total TDRs arising during period |  |  | 12 |  |  | $ | 839 |  |  | $ | 832 |
($ in thousands) |  | For the three months ended March 31, 2012 |
|  | Number of Contracts |  |  | Pre-Modification Restructured Balances |  |  | Post-Modification Restructured Balances |
Non-covered TDRs – Accruing |  |  | — |  |  |  | — |  |  |  | — |
Non-covered TDRs - Nonaccrual |  |  | — |  |  |  | — |  |  |  | — |
Total non-covered TDRs arising during period |  |  | — |  |  |  | — |  |  |  | — |
Total covered TDRs arising during period– Accruing |  |  | 3 |  |  | $ | 2,098 |  |  | $ | 2,098 |
Total covered TDRs arising during period – Nonaccrual |  |  | — |  |  |  | — |  |  |  | — |
Total TDRs arising during period |  |  | 3 |  |  | $ | 2,098 |  |  | $ | 2,098 |

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