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Loans and Asset Quality Information (Tables)

9 Months Ended

Sep. 30, 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)		September 30, 2013								December 31, 2012								September 30, 2012
		Amount				Percentage				Amount				Percentage				Amount				Percentage
All loans (non-covered and covered):
Commercial, financial, and agricultural		$	166,044				7%				160,790				7%				161,846				7%
Real estate – construction, land development & other land loans			296,731				12%				298,458				13%				329,375				13%
Real estate – mortgage – residential (1-4 family) first mortgages			839,273				34%				815,281				34%				823,069				34%
Real estate – mortgage – home equity loans / lines of credit			229,559				9%				238,925				10%				243,556				10%
Real estate – mortgage – commercial and other			841,674				35%				789,746				33%				807,914				33%
Installment loans to individuals			67,777				3%				71,933				3%				73,833				3%
Subtotal			2,441,058				100%				2,375,133				100%				2,439,593				100%
Unamortized net deferred loan costs			1,024								1,324								1,478
Total loans		$	2,442,082								2,376,457								2,441,071

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)		September 30, 2013								December 31, 2012								September 30, 2012
		Amount				Percentage				Amount				Percentage				Amount				Percentage
Non-covered loans:
Commercial, financial, and agricultural		$	161,552				7%				155,273				7%				154,956				7%
Real estate – construction, land development & other land loans			261,457				12%				251,569				12%				273,985				13%
Real estate – mortgage – residential (1-4 family) first mortgages			722,716				33%				679,401				33%				681,168				32%
Real estate – mortgage – home equity loans / lines of credit			213,026				10%				219,443				11%				223,154				10%
Real estate – mortgage – commercial and other			788,240				35%				715,973				34%				729,310				34%
Installment loans to individuals			67,158				3%				71,160				3%				73,023				4%
Subtotal			2,214,149				100%				2,092,819				100%				2,135,596				100%
Unamortized net deferred loan costs			1,024								1,324								1,478
Total non-covered loans		$	2,215,173								2,094,143								2,137,074

Schedule of the carrying amount of the covered loans

The carrying amount of the covered loans at September 30, 2013 consisted of impaired and nonimpaired purchased loans (as determined on the date of acquisition), 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		$	68				138				4,424				5,696				4,492				5,834
Real estate – construction, land development & other land loans			298				573				34,976				57,951				35,274				58,524
Real estate – mortgage – residential (1-4 family) first mortgages			601				1,610				115,956				137,205				116,557				138,815
Real estate – mortgage – home equity loans / lines of credit			14				21				16,519				20,476				16,533				20,497
Real estate – mortgage – commercial and other			2,166				4,058				51,268				68,014				53,434				72,072
Installment loans to individuals			—				—				619				643				619				643
Total		$	3,147				6,400				223,762				289,985				226,909				296,385

The carrying amount of the covered loans at December 31, 2012 consisted of impaired and nonimpaired purchased loans (as determined on the date of acquisition), 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. The amounts include principal only and do not reflect accrued interest as of the date of the acquisition or beyond.

($ 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			(49,793	)
Transfers to foreclosed real estate			(9,529	)
Loan charge-offs			(9,000	)
Accretion of loan discount			14,595
Carrying amount of nonimpaired covered loans at September 30, 2013		$	223,762

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			(264	)			47				(311	)
Transfer to foreclosed real estate			(2,000	)			(730	)			(1,270	)
Change due to loan charge-off			(150	)			(54	)			(96	)
Other			(1	)			—				(1	)
Balance at September 30, 2013		$	6,400				3,253				3,147

Summary of nonperforming assets

Nonperforming assets are defined as nonaccrual loans, restructured loans, loans past due 90 or more days and still accruing interest, nonperforming loans held for sale, and foreclosed real estate. Nonperforming assets are summarized as follows:

ASSET QUALITY DATA ($ in thousands)		September 30, 2013				December 31, 2012				September 30, 2012
Non-covered nonperforming assets
Nonaccrual loans		$	40,711				33,034				69,413
Restructured loans - accruing			27,656				24,848				38,522
Accruing loans > 90 days past due			—				—				—
Total non-covered nonperforming loans			68,367				57,882				107,935
Nonperforming loans held for sale			—				21,938				—
Foreclosed real estate			15,098				26,285				38,065
Total non-covered nonperforming assets		$	83,465				106,105				146,000
Covered nonperforming assets
Nonaccrual loans (1)		$	47,233				33,491				37,619
Restructured loans - accruing			6,537				15,465				17,945
Accruing loans > 90 days past due			—				—				—
Total covered nonperforming loans			53,770				48,956				55,564
Foreclosed real estate			29,193				47,290				58,367
Total covered nonperforming assets		$	82,963				96,246				113,931
Total nonperforming assets		$	166,428				202,351				259,931

(1) At September 30, 2013, December 31, 2012, and September 30, 2012, the contractual balance of the nonaccrual loans covered by FDIC loss share agreements was $75.5 million, $64.4 million, and $67.9 million, respectively.

Schedule of nonaccrual loans

The following table presents the Company’s nonaccrual loans as of September 30, 2013.

($ in thousands)		Non-covered				Covered				Total
Commercial, financial, and agricultural:
Commercial – unsecured		$	46				107				153
Commercial – secured			2,414				119				2,533
Secured by inventory and accounts receivable			151				813				964
Real estate – construction, land development & other land loans			8,074				16,863				24,937
Real estate – residential, farmland and multi-family			16,558				16,799				33,357
Real estate – home equity lines of credit			1,927				1,083				3,010
Real estate – commercial			11,221				11,387				22,608
Consumer			320				62				382
Total		$	40,711				47,233				87,944

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 September 30, 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		$	275				16				46				35,594				35,931
Commercial - secured			938				95				2,414				119,324				122,771
Secured by inventory and accounts receivable			239				154				151				19,150				19,694
Real estate – construction, land development & other land loans			1,580				316				8,074				222,700				232,670
Real estate – residential, farmland, and multi-family			5,845				3,009				16,558				833,918				859,330
Real estate – home equity lines of credit			1,095				109				1,927				194,566				197,697
Real estate - commercial			2,297				412				11,221				681,804				695,734
Consumer			370				138				320				49,494				50,322
Total non-covered		$	12,639				4,249				40,711				2,156,550				2,214,149
Unamortized net deferred loan costs																			1,024
Total non-covered loans																		$	2,215,173
Covered loans		$	1,147				1,981				47,233				176,548				226,909
Total loans		$	13,786				6,230				87,944				2,333,098				2,442,082

The Company had no non-covered or covered loans that were past due greater than 90 days and accruing interest at September 30, 2013.

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 and nine months ended September 30, 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 September 30, 2013
Beginning balance		$	5,960				14,593				14,961				2,061				5,239				1,703				299				44,816
Charge-offs			(1,205	)			(800	)			(893	)			(200	)			(1,473	)			(593	)			—				(5,164	)
Recoveries			28				91				60				6				27				124				—				336
Provisions			1,618				(1,224	)			671				193				1,517				377				335				3,487
Ending balance		$	6,401				12,660				14,799				2,060				5,310				1,611				634				43,475
As of and for the nine months ended September 30, 2013
Beginning balance		$	4,687				12,856				14,082				1,884				5,247				1,939				948				41,643
Charge-offs			(2,589	)			(2,017	)			(2,548	)			(1,089	)			(3,920	)			(1,683	)			(659	)			(14,505	)
Recoveries			261				708				723				68				909				367				—				3,036
Provisions			4,042				1,113				2,542				1,197				3,074				988				345				13,301
Ending balance		$	6,401				12,660				14,799				2,060				5,310				1,611				634				43,475
Ending balances as of September 30, 2013:  Allowance for loan losses
Individually evaluated for impairment		$	140				329				1,298				1				700				2				—				2,470
Collectively evaluated for impairment		$	6,261				12,331				13,501				2,059				4,610				1,609				634				41,005
Loans acquired with deteriorated credit quality		$	—				—				—				—				—				—				—				—
Loans receivable as of September 30, 2013:
Ending balance – total		$	178,396				232,670				859,330				197,697				695,734				50,322				—				2,214,149
Ending balances as of September 30, 2013: Loans
Individually evaluated for impairment		$	1,295				8,069				19,903				22				21,543				14				—				50,846
Collectively evaluated for impairment		$	177,101				224,601				839,427				197,675				674,191				50,308				—				2,163,303
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		$	2				504				1,419				3				1,036				—				—				2,964
Collectively evaluated for impairment		$	4,685				12,352				12,663				1,881				4,211				1,939				948				38,679
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		$	10				5,949				18,618				43				17,524				—				—				42,144
Collectively evaluated for impairment		$	170,731				212,159				800,821				200,837				610,416				55,711				—				2,050,675
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 and nine months ended September 30, 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 September 30, 2012
Beginning balance		$	5,061				17,819				14,959				2,146				5,719				1,791				28				47,523
Charge-offs			(571	)			(4,628	)			(1,399	)			(1,098	)			(1,247	)			(307	)			—				(9,250	)
Recoveries			219				487				92				10				21				82				—				911
Provisions			468				1,109				1,731				825				1,354				315				168				5,970
Ending balance		$	5,177				14,787				15,383				1,883				5,847				1,881				196				45,154
As of and for the nine months ended September 30, 2012
Beginning balance		$	3,780				11,306				13,532				1,690				3,414				1,872				16				35,610
Charge-offs			(2,633	)			(7,480	)			(5,635	)			(1,830	)			(3,417	)			(993	)			—				(21,988	)
Recoveries			253				801				346				129				68				214				—				1,811
Provisions			3,777				10,160				7,140				1,894				5,782				788				180				29,721
Ending balance		$	5,177				14,787				15,383				1,883				5,847				1,881				196				45,154
Ending balances as of September 30, 2012:  Allowance for loan losses
Individually evaluated for impairment		$	874				908				1,911				1				1,372				—				—				5,066
Collectively evaluated for impairment		$	4,303				13,879				13,472				1,882				4,475				1,881				196				40,088
Loans acquired with deteriorated credit quality		$	—				—				—				—				—				—				—				—
Loans receivable as of September 30, 2012:
Ending balance – total		$	171,716				236,960				826,953				203,154				640,578				56,235				—				2,135,596
Ending balances as of September 30, 2012: Loans
Individually evaluated for impairment		$	969				17,078				25,454				299				32,254				—				—				76,054
Collectively evaluated for impairment		$	170,747				219,882				801,499				202,855				608,324				56,235				—				2,059,542
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 and nine months ended September 30, 2013.

($ in thousands)		Covered Loans
As of and for the three months ended September 30, 2013
Beginning balance		$	6,035
Charge-offs			(3,446	)
Recoveries			134
Provisions			1,493
Ending balance		$	4,216
As of and for the nine months ended September 30, 2013
Beginning balance		$	4,759
Charge-offs			(9,096	)
Recoveries			134
Provisions			8,419
Ending balance		$	4,216
Ending balances as of September 30, 2013: Allowance for loan losses
Individually evaluated for impairment		$	2,444
Collectively evaluated for impairment			1,772
Loans acquired with deteriorated credit quality			—
Loans receivable as of September 30, 2013:
Ending balance – total		$	226,909
Ending balances as of September 30, 2013: Loans
Individually evaluated for impairment		$	53,770
Collectively evaluated for impairment			173,139
Loans acquired with deteriorated credit quality			3,147

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		$	3,509
Collectively evaluated for impairment			1,250
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		$	48,956
Collectively evaluated for impairment			233,358
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 and nine months ended September 30, 2012.

($ in thousands)		Covered Loans
As of and for the three months ended September 30, 2012
Beginning balance		$	5,931
Charge-offs			(2,640	)
Recoveries			—
Provisions			1,103
Ending balance		$	4,394
As of and for the nine months ended September 30, 2012
Beginning balance		$	5,808
Charge-offs			(6,788	)
Recoveries			—
Provisions			5,374
Ending balance		$	4,394
Ending balances as of September 30, 2012:  Allowance for loan losses
Individually evaluated for impairment		$	4,074
Collectively evaluated for impairment			320
Loans acquired with deteriorated credit quality			17
Loans receivable as of September 30, 2012:
Ending balance – total		$	303,997
Ending balances as of September 30, 2012: Loans
Individually evaluated for impairment		$	55,564
Collectively evaluated for impairment			248,433
Loans acquired with deteriorated credit quality			4,745

Schedule of impaired loans

The following table presents loans individually evaluated for impairment by class of loans as of September 30, 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			824				1,062				—				417
Secured by inventory and accounts receivable			—				—				—				—
Real estate – construction, land development & other land loans			6,824				7,210				—				4,657
Real estate – residential, farmland, and multi-family			4,643				4,855				—				1,941
Real estate – home equity lines of credit			—				—				—				—
Real estate – commercial			17,058				20,080				—				10,645
Consumer			—				—				—				—
Total non-covered impaired loans with no allowance		$	29,349				33,207				—				17,660
Total covered impaired loans with no allowance		$	43,265				71,935				—				41,754
Total impaired loans with no allowance recorded		$	72,614				105,142				—				59,414
Non-covered  loans with an allowance recorded:
Commercial, financial, and agricultural:
Commercial - unsecured		$	65				65				13				61
Commercial - secured			331				331				52				1,253
Secured by inventory and accounts receivable			75				75				75				81
Real estate – construction, land development & other land loans			1,245				1,332				329				2,516
Real estate – residential, farmland, and multi-family			15,260				15,635				1,298				12,964
Real estate – home equity lines of credit			22				22				1				791
Real estate – commercial			4,485				5,385				700				5,000
Consumer			14				37				2				579
Total non-covered impaired loans with allowance		$	21,497				22,882				2,470				23,245
Total covered impaired loans with allowance		$	10,505				11,790				2,444				13,662
Total impaired loans with an allowance recorded		$	32,002				34,672				4,914				36,907

Interest income recorded on non-covered and covered impaired loans during the nine months ended September 30, 2013 is considered insignificant.

The related allowance listed above includes both reserves on loans specifically reviewed for impairment and general reserves on impaired loans.

The following table presents loans individually evaluated for impairment by class of 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			4,276				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			7,985				8,660				—				16,414
Consumer			—				—				—				2
Total non-covered impaired loans with no allowance		$	13,858				14,583				—				27,864
Total covered impaired loans with no allowance		$	35,196				71,413				—				39,372
Total impaired loans with no allowance recorded		$	49,054				85,996				—				67,236
Non-covered  loans with an allowance recorded:
Commercial, financial, and agricultural:
Commercial - unsecured		$	—				—				—				137
Commercial - secured			10				10				2				1,428
Secured by inventory and accounts receivable			—				—				—				340
Real estate – construction, land development & other land loans			1,673				2,889				504				7,563
Real estate – residential, farmland, and multi-family			17,021				18,866				1,419				16,855
Real estate – home equity lines of credit			43				293				3				1,799
Real estate – commercial			9,539				11,328				1,036				7,975
Consumer			—				31				—				1,737
Total non-covered impaired loans with allowance		$	28,286				33,417				2,964				37,834
Total covered impaired loans with allowance		$	13,760				18,271				3,509				15,401
Total impaired loans with an allowance recorded		$	42,046				51,688				6,473				53,235

Schedule of 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 September 30, 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		$	7,569				26,298				7				1,277				734				46				35,931
Commercial - secured			30,069				77,268				866				6,983				5,171				2,414				122,771
Secured by inventory and accounts receivable			1,951				14,064				222				1,931				1,375				151				19,694
Real estate – construction, land development & other land loans			30,720				174,036				2,584				9,621				7,635				8,074				232,670
Real estate – residential, farmland, and multi-family			234,214				536,140				6,192				34,251				31,975				16,558				859,330
Real estate – home equity lines of credit			119,512				65,725				1,529				5,598				3,406				1,927				197,697
Real estate - commercial			111,667				527,868				9,288				21,107				14,583				11,221				695,734
Consumer			25,343				23,000				71				788				800				320				50,322
Total		$	561,045				1,444,399				20,759				81,556				65,679				40,711				2,214,149
Unamortized net deferred loan costs																											1,024
Total non-covered  loans																										$	2,215,173
Total covered loans		$	26,851				96,163				—				9,829				46,833				47,233				226,909
Total loans		$	587,896				1,540,562				20,759				91,385				112,512				87,944				2,442,082

At September 30, 2013, there was an insignificant amount of loans that were graded “8” with an accruing status.

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

Schedule of 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 and nine months ended September 30, 2013.

($ in thousands)		For the three months ended September 30, 2013
		Number of Contracts				Pre-Modification Restructured Balances				Post-Modification Restructured Balances
Non-covered TDRs – Accruing
Commercial, financial, and agricultural:
Commercial - unsecured			1			$	66			$	66
Commercial - secured			5				322				322
Real estate – construction, land development & other land loans			2				1,261				1,261
Real estate – residential, farmland, and multi-family			1				174				174
Real estate – commercial			4				4,933				4,933
Non-covered TDRs – Nonaccrual
Real estate – construction, land development & other land loans			3				800				800
Real estate – residential, farmland, and multi-family			3				395				395
Real estate – commercial			1				398				398
Total non-covered TDRs arising during period			20				8,349				8,349
Total covered TDRs arising during period– Accruing			—			$	—			$	—
Total covered TDRs arising during period – Nonaccrual			1				187				167
Total TDRs arising during period			21			$	8,536			$	8,516

($ in thousands)		For the nine months ended September 30, 2013
		Number of Contracts				Pre-Modification Restructured Balances				Post-Modification Restructured Balances
Non-covered TDRs – Accruing
Commercial, financial, and agricultural:
Commercial - unsecured			1			$	66			$	66
Commercial - secured			5				322				322
Real estate – construction, land development & other land loans			2				1,261				1,261
Real estate – residential, farmland, and multi-family			10				1,256				1,258
Real estate – commercial			6				5,097				5,097
Consumer			1				14				14
Non-covered TDRs – Nonaccrual
Real estate – construction, land development & other land loans			3				800				800
Real estate – residential, farmland, and multi-family			6				604				604
Real estate – commercial			1				398				398
Total non-covered TDRs arising during period			35				9,818				9,820
Total covered TDRs arising during period– Accruing			4			$	359			$	351
Total covered TDRs arising during period – Nonaccrual			1				187				167
Total TDRs arising during period			40			$	10,364			$	10,338

The following table presents information related to loans modified in a troubled debt restructuring during the three and nine months ended September 30, 2012.

($ in thousands)		For the three months ended September 30, 2012
		Number of Contracts				Pre-Modification Restructured Balances				Post-Modification Restructured Balances
Non-covered TDRs – Accruing
Real estate – residential, farmland, and multi-family			6			$	1,205			$	1,205
Non-covered TDRs – Nonaccrual
Real estate – residential, farmland, and multi-family			5				705				705
Real estate – commercial			2				372				372
Total non-covered TDRs arising during period			13				2,282				2,282
Total covered TDRs arising during period– Accruing			—			$	—			$	—
Total covered TDRs arising during period – Nonaccrual			1				1				1
Total TDRs arising during period			14			$	2,283			$	2,283

($ in thousands)		For the nine months ended September 30, 2012
		Number of Contracts				Pre-Modification Restructured Balances				Post-Modification Restructured Balances
Non-covered TDRs – Accruing
Real estate – construction, land development & other land loans			1			$	300			$	300
Real estate – residential, farmland, and multi-family			7				1,508				1,508
Non-covered TDRs – Nonaccrual
Real estate – construction, land development & other land loans			1				238				238
Real estate – residential, farmland, and multi-family			5				705				705
Real estate – commercial			2				372				372
Total non-covered TDRs arising during period			16				3,123				3,123
Total covered TDRs arising during period– Accruing			6			$	7,526			$	7,526
Total covered TDRs arising during period – Nonaccrual			1				1				1
Total TDRs arising during period			23			$	10,650			$	10,650

Schedule od accruing restructured loans that defaulted in the period

Accruing restructured loans that were modified in the previous 12 months and that defaulted during the three and nine months ended September 30, 2013 are presented in the table below. The Company considers a loan to have defaulted when it becomes 90 or more days delinquent under the modified terms, has been transferred to nonaccrual status, or has been transferred to foreclosed real estate.

($ in thousands)		For the three months ended September 30, 2013								For the nine months ended September 30, 2013
		Number of Contracts				Recorded Investment				Number of Contracts				Recorded Investment
Non-covered accruing TDRs that subsequently defaulted
Real estate – construction, land development & other land loans			—			$	—				1			$	342
Real estate – residential, farmland, and multi-family			—				—				1				252
Total non-covered TDRs that subsequently defaulted			—			$	—				2			$	594
Total accruing covered TDRs that subsequently defaulted			—			$	—				1			$	3,501
Total accruing TDRs that subsequently defaulted			—			$	—				3			$	4,095

Accruing restructured loans that were modified in the previous 12 months and that defaulted during the three and nine months ended September 30, 2012 are presented in the table below.

($ in thousands)		For the three months ended September 30, 2012								For the nine months ended September 30, 2012
		Number of Contracts				Recorded Investment				Number of Contracts				Recorded Investment
Non-covered accruing TDRs that subsequently defaulted			—			$	—				—			$	—
Total non-covered TDRs that subsequently defaulted			—			$	—				—			$	—
Total accruing covered TDRs that subsequently defaulted			2			$	1				3			$	440
Total accruing TDRs that subsequently defaulted			2			$	1				3			$	440

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