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Loans and Asset Quality Information (Tables)

12 Months Ended

Dec. 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)		December 31, 2013								December 31, 2012
		Amount				Percentage				Amount				Percentage
All loans (non-covered and covered):
Commercial, financial, and agricultural		$	168,469				7%			$	160,790				7%
Real estate – construction, land development & other land loans			305,246				12%				298,458				13%
Real estate – mortgage – residential (1-4 family) first mortgages			838,862				34%				815,281				34%
Real estate – mortgage – home equity loans / lines of credit			227,907				9%				238,925				10%
Real estate – mortgage – commercial and other			855,249				35%				789,746				33%
Installment loans to individuals			66,533				3%				71,933				3%
Subtotal			2,462,266				100%				2,375,133				100%
Unamortized net deferred loan costs			928								1,324
Total loans		$	2,463,194							$	2,376,457

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)		December 31, 2013								December 31, 2012
		Amount				Percentage				Amount				Percentage
Non-covered loans:
Commercial, financial, and agricultural		$	164,195				7%			$	155,273				7%
Real estate – construction, land development & other land loans			273,412				12%				251,569				12%
Real estate – mortgage – residential (1-4 family) first mortgages			730,712				32%				679,401				33%
Real estate – mortgage – home equity loans / lines of credit			213,016				10%				219,443				11%
Real estate – mortgage – commercial and other			804,621				36%				715,973				34%
Installment loans to individuals			66,001				3%				71,160				3%
Subtotal			2,251,957				100%				2,092,819				100%
Unamortized net deferred loan costs			928								1,324
Total non-covered loans		$	2,252,885							$	2,094,143

Schedule of the carrying amount of the covered loans

The carrying amount of the covered loans at December 31, 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		$	75				136				4,199				5,268				4,274				5,404
Real estate – construction, land development & other land loans			325				564				31,509				47,792				31,834				48,356
Real estate – mortgage – residential (1-4 family) first mortgages			575				1,500				107,575				126,882				108,150				128,382
Real estate – mortgage – home equity loans / lines of credit			14				21				14,877				18,318				14,891				18,339
Real estate – mortgage – commercial and other			2,153				4,042				48,475				62,630				50,628				66,672
Installment loans to individuals			—				—				532				607				532				607
Total		$	3,142				6,263				207,167				261,497				210,309				267,760

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			(63,588	)
Transfers to foreclosed real estate			(13,977	)
Loan charge-offs			(12,957	)
Accretion of loan discount			20,200
Carrying amount of nonimpaired covered loans at December 31, 2013		$	207,167

Schedule of applied cost recovery method of purchased impaired 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			(301	)			(31	)			(270	)
Transfer to foreclosed real estate			(2,100	)			(784	)			(1,316	)
Change due to loan charge-off			(150	)			(54	)			(96	)
Other			(1	)			—				(1	)
Balance at December 31, 2013		$	6,263				3,121				3,142

Summary of nonperforming assets

Nonperforming assets are summarized as follows:

ASSET QUALITY DATA ($ in thousands)		December 31, 2013				December 31, 2012
Non-covered nonperforming assets
Nonaccrual loans		$	41,938				33,034
Restructured loans – accruing			27,776				24,848
Accruing loans > 90 days past due			—				—
Total non-covered nonperforming loans			69,714				57,882
Nonperforming loans held for sale			—				21,938
Foreclosed real estate			12,251				26,285
Total non-covered nonperforming assets		$	81,965				106,105
Covered nonperforming assets
Nonaccrual loans (1)		$	37,217				33,491
Restructured loans – accruing			8,909				15,465
Accruing loans > 90 days past due			—				—
Total covered nonperforming loans			46,126				48,956
Foreclosed real estate			24,497				47,290
Total covered nonperforming assets		$	70,623				96,246
Total nonperforming assets		$	152,588				202,351

(1) At December 31, 2013 and December 31, 2012, the contractual balance of the nonaccrual loans covered by FDIC loss share agreements was $60.4 million and $64.4 million, respectively.

Schedule of nonaccrual loans

The following table presents the Company’s nonaccrual loans as of December 31, 2013.

($ in thousands)		Non-covered				Covered				Total
Commercial, financial, and agricultural:
Commercial – unsecured		$	222				38				260
Commercial – secured			2,662				114				2,776
Secured by inventory and accounts receivable			545				782				1,327
Real estate – construction, land development & other land loans			8,055				13,502				21,557
Real estate – residential, farmland and multi-family			17,814				12,344				30,158
Real estate – home equity lines of credit			2,200				335				2,535
Real estate – commercial			10,115				10,099				20,214
Consumer			325				3				328
Total		$	41,938				37,217				79,155

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 December 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		$	347				94				222				36,352				37,015
Commercial - secured			1,233				462				2,662				117,923				122,280
Secured by inventory and accounts receivable			438				767				545				19,426				21,176
Real estate – construction, land development & other land loans			2,304				1,391				8,055				232,920				244,670
Real estate – residential, farmland, and multi-family			11,682				2,631				17,814				837,260				869,387
Real estate – home equity lines of credit			1,465				305				2,200				194,157				198,127
Real estate - commercial			3,196				214				10,115				696,081				709,606
Consumer			494				187				325				48,690				49,696
Total non-covered		$	21,159				6,051				41,938				2,182,809				2,251,957
Unamortized net deferred loan costs																			928
Total non-covered loans																		$	2,252,885
Covered loans		$	5,179				768				37,217				167,145				210,309
Total loans		$	26,338				6,819				79,155				2,349,954				2,463,194

The Company had no non-covered or covered loans that were past due greater than 90 days and accruing interest at December 31, 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 year ended December 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 year ended December 31, 2013
Beginning balance		$	4,687				12,856				14,082				1,884				5,247				1,939				948				41,643
Charge-offs			(4,418	)			(2,739	)			(3,732	)			(1,314	)			(4,346	)			(2,174	)			(660	)			(19,383	)
Recoveries			299				743				753				87				1,381				474				—				3,737
Provisions			6,864				2,106				4,039				1,181				3,242				1,274				(440	)			18,266
Ending balance		$	7,432				12,966				15,142				1,838				5,524				1,513				(152	)			44,263
Ending balances as of December 31, 2013:  Allowance for loan losses
Individually evaluated for impairment		$	202				544				1,162				1				649				1				—				2,559
Collectively evaluated for impairment		$	7,230				12,422				13,980				1,837				4,875				1,512				(152	)			41,704
Loans acquired with deteriorated credit quality		$	—				—				—				—				—				—				—				—
Loans receivable as of December 31, 2013:
Ending balance – total		$	180,471				244,670				869,387				198,127				709,606				49,696				—				2,251,957
Ending balances as of December 31, 2013: Loans
Individually evaluated for impairment		$	582				8,027				19,111				22				16,894				13				—				44,649
Collectively evaluated for impairment		$	179,889				236,643				850,276				198,105				692,712				49,683				—				2,207,308
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		$	—				—				—				—				—				—				—				—

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 year ended December 31, 2013.

($ in thousands)		Covered Loans
As of and for the year ended December 31, 2013
Beginning balance		$	4,759
Charge-offs			(13,053	)
Recoveries			186
Provisions			12,350
Ending balance		$	4,242
Ending balances as of December 31, 2013:  Allowance for loan losses
Individually evaluated for impairment		$	3,133
Collectively evaluated for impairment			1,109
Loans acquired with deteriorated credit quality			25
Loans receivable as of December 31, 2013:
Ending balance – total		$	210,309
Ending balances as of December 31, 2013: Loans
Individually evaluated for impairment		$	46,126
Collectively evaluated for impairment			164,183
Loans acquired with deteriorated credit quality			3,142

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

Schedule of impaired loans

The following table presents loans individually evaluated for impairment by class of loans as of December 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			—				—				—				334
Secured by inventory and accounts receivable			—				—				—				—
Real estate – construction, land development & other land loans			6,398				6,907				—				5,005
Real estate – residential, farmland, and multi-family			3,883				4,429				—				2,329
Real estate – home equity lines of credit			—				—				—				—
Real estate – commercial			7,324				9,008				—				9,981
Consumer			—				—				—				—
Total non-covered impaired loans with no allowance		$	17,605				20,344				—				17,649
Total covered impaired loans with no allowance		$	29,058				48,785				—				39,215
Total impaired loans with no allowance recorded		$	46,663				69,129				—				56,864
Non-covered  loans with an allowance recorded:
Commercial, financial, and agricultural:
Commercial - unsecured		$	115				115				63				72
Commercial - secured			392				394				64				1,081
Secured by inventory and accounts receivable			75				75				75				80
Real estate – construction, land development & other land loans			1,629				2,148				544				2,339
Real estate – residential, farmland, and multi-family			15,228				15,642				1,162				13,417
Real estate – home equity lines of credit			22				22				1				637
Real estate – commercial			9,570				10,873				649				5,914
Consumer			13				35				1				466
Total non-covered impaired loans with allowance		$	27,044				29,304				2,559				24,006
Total covered impaired loans with allowance		$	17,068				22,367				3,133				14,343
Total impaired loans with an allowance recorded		$	44,112				51,671				5,692				38,349

Interest income recorded on non-covered and covered impaired loans during the year ended December 31, 2013 was insignificant.

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 December 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		$	8,495				24,415				7				1,509				2,367				222				37,015
Commercial - secured			31,494				77,441				100				5,597				4,986				2,662				122,280
Secured by inventory and accounts receivable			4,098				12,800				—				2,022				1,711				545				21,176
Real estate – construction, land development & other land loans			31,221				181,050				2,365				11,646				10,333				8,055				244,670
Real estate – residential, farmland, and multi-family			227,053				540,349				5,062				41,583				37,526				17,814				869,387
Real estate – home equity lines of credit			120,205				63,400				1,499				5,699				5,124				2,200				198,127
Real estate - commercial			115,397				533,680				10,014				24,557				15,843				10,115				709,606
Consumer			25,703				21,790				54				829				995				325				49,696
Total		$	563,666				1,454,925				19,101				93,442				78,885				41,938				2,251,957
Unamortized net deferred loan costs																											928
Total non-covered  loans																										$	2,252,885
Total covered loans		$	25,078				92,147				—				8,857				47,010				37,217				210,309
Total loans		$	588,744				1,547,072				19,101				102,299				125,895				79,155				2,463,194

At December 31, 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 years ended December 31, 2013 and 2012.

($ in thousands)		For the year ended December 31, 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			6				391				391
Real estate – construction, land development & other land loans			3				1,786				1,786
Real estate – residential, farmland, and multi-family			10				1,256				1,258
Real estate – commercial			8				5,721				5,721
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			9				878				878
Real estate – commercial			1				398				398
Total non-covered TDRs arising during period			42				11,310				11,312
Total covered TDRs arising during period– Accruing			10			$	1,758			$	1,811
Total covered TDRs arising during period – Nonaccrual			1				187				167
Total TDRs arising during period			53			$	13,255			$	13,290

($ in thousands)		For the year ended December 31, 2012
		Number of Contracts				Pre-Modification Restructured Balances				Post-Modification Restructured Balances
Non-covered TDRs – Accruing
Real estate – construction, land development & other land loans			2			$	642			$	642
Real estate – residential, farmland, and multi-family			8				1,653				1,653
Real estate – commercial			—				—				—
Non-covered TDRs - Nonaccrual
Commercial, financial, and agricultural:
Commercial – secured			1				11				11
Real estate – construction, land development & other land loans			2				332				332
Real estate – residential, farmland, and multi-family			17				3,736				3,736
Real estate – home equity lines of credit			1				123				123
Real estate – commercial			5				1,082				1,082
Total non-covered TDRs arising during period			36				7,579				7,579
Total covered TDRs arising during period– Accruing			6			$	7,526			$	7,526
Total covered TDRs arising during period – Nonaccrual			4				1,230				1,231
Total TDRs arising during period			46			$	16,335			$	16,336

Schedule od accruing restructured loans that defaulted in the period

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 year ended December, 2013								For the year ended December 31, 2012
		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				3			$	440
Total accruing TDRs that subsequently defaulted			3			$	4,095				—			$	440

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