Loans and Asset Quality Information (Tables)

12 Months Ended

Dec. 31, 2015

Loans and Asset Quality Information [Abstract]

Summary of the major categories of total loans outstanding

($ in thousands)	December 31, 2015					December 31, 2014
	Amount		Percentage			Amount		Percentage
All loans (non-covered and covered):

Commercial, financial, and agricultural	$	202,671		8	%	$	160,878		7	%
Real estate – construction, land development & other land loans		308,969		12	%		288,148		12	%
Real estate – mortgage – residential (1-4 family) first mortgages		768,559		31	%		789,871		33	%
Real estate – mortgage – home equity loans / lines of credit		232,601		9	%		223,500		9	%
Real estate – mortgage – commercial and other		957,587		38	%		882,127		37	%
Installment loans to individuals		47,666		2	%		50,704		2	%
Subtotal		2,518,053		100	%		2,395,228		100	%
Unamortized net deferred loan costs		873					946
Total loans	$	2,518,926				$	2,396,174

Summary of the major categories of non-covered loans outstanding

($ in thousands)	December 31, 2015					December 31, 2014
	Amount		Percentage			Amount		Percentage
Non-covered loans:

Commercial, financial, and agricultural	$	201,798		8	%	$	159,195		7	%
Real estate – construction, land development & other land loans		305,228		13	%		282,604		13	%
Real estate – mortgage – residential (1-4 family) first mortgages		692,902		29	%		700,101		31	%
Real estate – mortgage – home equity loans / lines of credit		221,995		9	%		210,697		9	%
Real estate – mortgage – commercial and other		945,823		39	%		864,333		38	%
Installment loans to individuals		47,666		2	%		50,704		2	%
Subtotal		2,415,412		100	%		2,267,634		100	%
Unamortized net deferred loan costs		873					946
Total non-covered loans	$	2,416,285				$	2,268,580

Schedule of the carrying amount of the covered loans

($ 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	$	—		—		873		886		873		886
Real estate – construction, land development & other land loans		277		365		3,464		3,457		3,741		3,822
Real estate – mortgage – residential (1-4 family) first mortgages		102		633		75,555		88,434		75,657		89,067
Real estate – mortgage – home equity loans / lines of credit		7		14		10,599		12,099		10,606		12,113
Real estate – mortgage – commercial and other		1,003		3,136		10,761		11,458		11,764		14,594
Total	$	1,389		4,148		101,252		116,334		102,641		120,482

($ 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	$	66		123		1,617		1,661		1,683		1,784
Real estate – construction, land development & other land loans		309		534		5,235		6,471		5,544		7,005
Real estate – mortgage – residential (1-4 family) first mortgages		362		1,298		89,408		104,678		89,770		105,976
Real estate – mortgage – home equity loans / lines of credit		12		19		12,791		15,099		12,803		15,118
Real estate – mortgage – commercial and other		1,201		3,209		16,593		17,789		17,794		20,998
Total	$	1,950		5,183		125,644		145,698		127,594		150,881

Schedule of covered purchased nonimpaired loans

($ in thousands)

Carrying amount of nonimpaired covered loans at December 31, 2013	$	207,167
Principal repayments		(50,183	)
Transfers to foreclosed real estate		(5,061	)
Transfers to non-covered loans due to expiration of loss-share agreement		(38,987	)
Net loan (charge-offs) / recoveries		(3,301	)
Accretion of loan discount		16,009
Carrying amount of nonimpaired covered loans at December 31, 2014		125,644
Principal repayments		(30,238	)
Transfers to foreclosed real estate		(1,211	)
Net loan (charge-offs) / recoveries		2,306
Accretion of loan discount		4,751
Carrying amount of nonimpaired covered loans at December 31, 2015	$	101,252

Schedule of activity in purchased impaired loans

($ in thousands) Purchased Impaired Loans	Contractual Principal Receivable			Fair Market Value Adjustment – Write Down (Nonaccretable Difference)			Carrying Amount
Balance at December 31, 2013	$	6,263			3,121			3,142
Change due to payments received		(599	)		227			(826	)
Change due to loan charge-off		(2	)		29			(31	)
Other		197			(115	)		312
Balance at December 31, 2014	$	5,859			3,262			2,597
Change due to payments received		(634	)		(102	)		(532	)
Transfer to foreclosed real estate		(431	)		(336)			(95	)
Other		(3	)		(3	)		—
Balance at December 31, 2015	$	4,791			2,821			1,970

Summary of nonperforming assets

ASSET QUALITY DATA ($ in thousands)	December 31, 2015		December 31, 2014

Non-covered nonperforming assets
Nonaccrual loans	$	39,994		50,066
Restructured loans – accruing		28,011		35,493
Accruing loans > 90 days past due		—		—
Total non-covered nonperforming loans		68,005		85,559
Foreclosed real estate		9,188		9,771
Total non-covered nonperforming assets	$	77,193		95,330

Covered nonperforming assets
Nonaccrual loans (1)	$	7,816		10,508
Restructured loans – accruing		3,478		5,823
Accruing loans > 90 days past due		—		—
Total covered nonperforming loans		11,294		16,331
Foreclosed real estate		806		2,350
Total covered nonperforming assets	$	12,100		18,681

Total nonperforming assets	$	89,293		114,011

(1)	At December 31, 2015 and December 31, 2014, the contractual balance of the nonaccrual loans covered by FDIC loss share agreements was $12.3 million and $16.0 million, respectively.

Schedule of nonaccrual loans

($ in thousands)	Non-covered		Covered		Total
Commercial, financial, and agricultural:
Commercial – unsecured	$	391		22		413
Commercial – secured		2,406		—		2,406
Secured by inventory and accounts receivable		83		—		83

Real estate – construction, land development & other land loans		4,155		52		4,207

Real estate – residential, farmland and multi-family		21,964		5,201		27,165

Real estate – home equity lines of credit		2,431		361		2,792

Real estate – commercial		8,262		2,180		10,442

Consumer		302		—		302
Total	$	39,994		7,816		47,810

($ in thousands)	Non-covered		Covered		Total
Commercial, financial, and agricultural:
Commercial – unsecured	$	187		1		188
Commercial – secured		2,927		—		2,927
Secured by inventory and accounts receivable		454		103		557

Real estate – construction, land development & other land loans		7,891		1,140		9,031

Real estate – residential, farmland and multi-family		24,459		7,785		32,244

Real estate – home equity lines of credit		2,573		278		2,851

Real estate – commercial		11,070		1,201		12,271

Consumer		505		—		505
Total	$	50,066		10,508		60,574

Schedule of analysis of the payment status of loans

($ 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	$	632		—		391		50,878		51,901
Commercial - secured		344		127		2,406		111,803		114,680
Secured by inventory and accounts receivable		28		—		83		38,875		38,986

Real estate – construction, land development & other land loans		1,499		379		4,155		284,345		290,378

Real estate – residential, farmland, and multi-family		12,691		3,271		21,964		813,817		851,743

Real estate – home equity lines of credit		920		96		2,431		207,998		211,445

Real estate - commercial		5,399		864		8,262		797,855		812,380

Consumer		273		255		302		43,069		43,899
Total non-covered	$	21,786		4,992		39,994		2,348,640		2,415,412
Unamortized net deferred loan costs										873
Total non-covered loans									$	2,416,285

Covered loans	$	3,313		402		7,816		91,110		102,641

Total loans	$	25,099		5,394		47,810		2,439,750		2,518,926

($ 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	$	191		35		187		36,871		37,284
Commercial - secured		1,003		373		2,927		102,671		106,974
Secured by inventory and accounts receivable		30		225		454		21,761		22,470

Real estate – construction, land development & other land loans		1,950		139		7,891		247,535		257,515

Real estate – residential, farmland, and multi-family		11,272		3,218		24,459		807,884		846,833

Real estate – home equity lines of credit		1,585		352		2,573		194,067		198,577

Real estate - commercial		3,738		996		11,070		738,981		754,785

Consumer		695		131		505		41,865		43,196
Total non-covered	$	20,464		5,469		50,066		2,191,635		2,267,634
Unamortized net deferred loan costs										946
Total non-covered loans									$	2,268,580

Covered loans	$	4,385		964		10,508		111,737		127,594

Total loans	$	24,849		6,433		60,574		2,303,372		2,396,174

Schedule of activity in the allowance for loan losses for non-covered loans

($ 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, 2015

Beginning balance	$	8,391			6,470			9,720			3,731			9,045			841			147		38,345
Charge-offs		(3,684	)		(2,647	)		(5,682	)		(826	)		(2,639	)		(1,637	)		—		(17,115	)
Recoveries		876			993			321			100			888			368			—		3,546
Provisions		(825	)		(1,406	)		4,795			(264	)		(2,307	)		1,466			549		2,008
Ending balance	$	4,758			3,410			9,154			2,741			4,987			1,038			696		26,784

Ending balances as of December 31, 2015: Allowance for loan losses

Individually evaluated for impairment	$	190			213			1,478			313			333			160			—		2,687

Collectively evaluated for impairment	$	4,568			3,197			7,676			2,428			4,654			878			696		24,097

Loans acquired with deteriorated credit quality	$	—			—			—			—			—			—			—		—

Loans receivable as of December 31, 2015:

Ending balance	$	205,567			290,378			851,743			211,445			812,380			43,899			—		2,415,412
Unamortized net deferred loan costs																						873




Total non-covered loans																						2,416,285

Ending balances as of December 31, 2015: Loans

Individually evaluated for impairment	$	907			4,554			23,839			376			14,818			160			—		44,654

Collectively evaluated for impairment	$	204,660			285,824			827,904			211,069			796,981			43,739			—		2,370,177

Loans acquired with deteriorated credit quality	$	—			—			—			—			581			—			—		581

($ 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, 2014

Beginning balance	$	7,432			12,966			15,142			1,838			5,524			1,513			(152	)		44,263
Charge-offs		(4,039	)		(2,148	)		(4,417	)		(912	)		(3,048	)		(1,724	)		—			(16,288	)
Recoveries		140			398			331			45			181			451			—			1,546
Transfer from covered category		36			813			51			—			833			4			—			1,737
Provisions		4,822			(5,559	)		(1,387	)		2,760			5,555			597			299			7,087
Ending balance	$	8,391			6,470			9,720			3,731			9,045			841			147			38,345

Ending balances as of December 31, 2014: Allowance for loan losses

Individually evaluated for impairment	$	211			415			1,686			—			165			—			—			2,477

Collectively evaluated for impairment	$	8,180			6,055			8,034			3,731			8,880			841			147			35,868

Loans acquired with deteriorated credit quality	$	—			—			—			—			—			—			—			—

Loans receivable as of December 31, 2014:

Ending balance	$	166,728			257,515			846,833			198,577			754,785			43,196			—			2,267,634
Unamortized net deferred loan costs																							946


Total non-covered loans																							2,268,580

Ending balances as of December 31, 2014: Loans

Individually evaluated for impairment	$	784			7,991			24,010			476			20,263			7			—			53,531

Collectively evaluated for impairment	$	165,944			249,524			822,823			198,101			733,875			43,189			—			2,213,456

Loans acquired with deteriorated credit quality	$	—			—			—			—			647			—			—			647

Schedule of activity in the allowance for loan losses for covered loans

($ in thousands)	Covered Loans

As of and for the year ended December 31, 2015
Beginning balance	$	2,281
Charge-offs		(1,316	)
Recoveries		3,622
Provision (reversal) for loan losses		(2,788	)
Ending balance	$	1,799

Ending balances as of December 31, 2015: Allowance for loan losses

Individually evaluated for impairment	$	554
Collectively evaluated for impairment		1,175
Loans acquired with deteriorated credit quality		70

Loans receivable as of December 31, 2015:

Ending balance – total	$	102,641

Ending balances as of December 31, 2015: Loans

Individually evaluated for impairment	$	7,055
Collectively evaluated for impairment		94,197
Loans acquired with deteriorated credit quality		1,389

($ in thousands)	Covered Loans

As of and for the year ended December 31, 2014
Beginning balance	$	4,242
Charge-offs		(6,948	)
Recoveries		3,616
Transferred to non-covered		(1,737	)
Provision for loan losses		3,108
Ending balance	$	2,281

Ending balances as of December 31, 2014: Allowance for loan losses

Individually evaluated for impairment	$	1,161
Collectively evaluated for impairment		1,046
Loans acquired with deteriorated credit quality		74

Loans receivable as of December 31, 2014:

Ending balance – total	$	127,594

Ending balances as of December 31, 2014: Loans

Individually evaluated for impairment	$	11,484
Collectively evaluated for impairment		114,160
Loans acquired with deteriorated credit quality		1,950

Schedule of impaired loans individually evaluated

($ 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	$	234	276	—	128
Commercial - secured		128	151	—	70
Secured by inventory and accounts receivable		—	—	—	—

Real estate – construction, land development & other land loans		3,922	7,397	—	4,557

Real estate – residential, farmland, and multi-family		10,423	12,109	—	9,723

Real estate – home equity lines of credit		—	—	—	95

Real estate – commercial		9,992	11,022	—	14,585

Consumer		—	—	—	1
Total non-covered impaired loans with no allowance	$	24,699	30,955	—	29,159

Total covered impaired loans with no allowance	$	5,231	8,529	—	5,607

Total impaired loans with no allowance recorded	$	29,930	39,484	—	34,766

Non-covered loans with an allowance recorded:
Commercial, financial, and agricultural:
Commercial - unsecured	$	129	140	77	137
Commercial - secured		416	443	113	513
Secured by inventory and accounts receivable		—	—	—	—

Real estate – construction, land development & other land loans		632	640	213	1,217

Real estate – residential, farmland, and multi-family		13,416	13,586	1,478	14,039

Real estate – home equity lines of credit		376	376	313	75

Real estate – commercial		5,407	5,592	333	3,968

Consumer		160	160	160	32
Total non-covered impaired loans with allowance	$	20,536	20,937	2,687	19,981

Total covered impaired loans with allowance	$	3,213	3,476	624	3,742

Total impaired loans with an allowance recorded	$	23,749	24,413	3,311	23,723

($ 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	$	33	35	—	20
Commercial - secured		5	6	—	95
Secured by inventory and accounts receivable		—	—	—	—

Real estate – construction, land development & other land loans		6,877	7,944	—	6,430

Real estate – residential, farmland, and multi-family		9,165	10,225	—	7,776

Real estate – home equity lines of credit		476	498	—	388

Real estate – commercial		17,409	20,786	—	11,911

Consumer		7	10	—	7
Total non-covered impaired loans with no allowance	$	33,972	39,504	—	26,627

Total covered impaired loans with no allowance	$	8,097	12,081	—	16,986

Total impaired loans with no allowance recorded	$	42,069	51,585	—	43,613

Non-covered loans with an allowance recorded:
Commercial, financial, and agricultural:
Commercial - unsecured	$	140	143	47	142
Commercial - secured		606	612	164	550
Secured by inventory and accounts receivable		—	—	—	15

Real estate – construction, land development & other land loans		1,114	3,243	415	1,487

Real estate – residential, farmland, and multi-family		14,845	15,257	1,686	14,418

Real estate – home equity lines of credit		—	—	—	4

Real estate – commercial		3,501	3,530	165	6,420

Consumer		—	—	—	8
Total non-covered impaired loans with allowance	$	20,206	22,785	2,477	23,044

Total covered impaired loans with allowance	$	5,220	5,719	1,229	8,513

Total impaired loans with an allowance recorded	$	25,426	28,504	3,706	31,557

Schedule of recorded investment in loans by credit quality indicators

($ in thousands)	Credit Quality Indicator (Grouped by Internally Assigned Grade)
		Pass (Grades 1, 2, & 3)	Pass – Acceptable/ Average (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	$	26,978	22,276	—	1,196	1,060	391		51,901
Commercial - secured		56,428	51,464	32	2,478	1,872	2,406		114,680
Secured by inventory and accounts receivable		18,955	19,120	—	252	576	83		38,986

Real estate – construction, land development & other land loans		106,881	158,563	578	11,545	8,656	4,155		290,378

Real estate – residential, farmland, and multi-family		216,549	532,859	4,083	43,654	32,634	21,964		851,743

Real estate – home equity lines of credit		135,828	62,638	1,544	5,232	3,772	2,431		211,445

Real estate - commercial		292,433	464,824	7,605	26,339	12,917	8,262		812,380

Consumer		29,617	13,194	51	303	432	302		43,899
Total	$	883,669	1,324,938	13,893	90,999	61,919	39,994		2,415,412
Unamortized net deferred loan costs									873
Total non-covered loans								$	2,416,285

Total covered loans	$	11,537	59,611	250	7,423	16,004	7,816	$	102,641

Total loans	$	895,206	1,384,549	14,143	98,422	77,923	47,810	$	2,518,926

($ in thousands)	Credit Quality Indicator (Grouped by Internally Assigned Grade)
		Pass (Grades 1, 2, & 3)	Pass – Acceptable/ Average (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	$	17,856	15,649	5	1,356	2,231	187		37,284
Commercial - secured		32,812	62,361	62	4,481	4,331	2,927		106,974
Secured by inventory and accounts receivable		10,815	9,928	—	767	506	454		22,470

Real estate – construction, land development & other land loans		87,806	135,072	771	13,066	12,909	7,891		257,515

Real estate – residential, farmland, and multi-family		221,581	520,790	4,536	40,993	34,474	24,459		846,833

Real estate – home equity lines of credit		122,528	62,642	1,135	5,166	4,533	2,573		198,577

Real estate - commercial		223,197	465,395	9,057	30,318	15,748	11,070		754,785

Consumer		25,520	15,614	54	855	648	505		43,196
Total	$	742,115	1,287,451	15,620	97,002	75,380	50,066		2,267,634
Unamortized net deferred loan costs									946
Total non-covered loans								$	2,268,580

Total covered loans	$	14,349	70,989	632	10,503	20,613	10,508	$	127,594

Total loans	$	756,464	1,358,440	16,252	107,505	95,993	60,574	$	2,396,174

Schedule of information related to loans modified in a troubled debt restructuring

($ in thousands)	For the year ended December 31, 2015						For the year ended December 31, 2014
	Number of Contracts		Pre- Modification Restructured Balances		Post- Modification Restructured Balances		Number of Contracts		Pre- Modification Restructured Balances		Post- Modification Restructured Balances
Non-covered TDRs – Accruing
Commercial, financial, and agricultural:
Commercial – unsecured		1	$	8	$	8		—	$	—	$	—
Commercial – secured		—		—		—		—		—		—
Secured by inventory and accounts receivable		—		—		—		—		—		—
Real estate – construction, land development & other land loans		1		235		235		—		—		—
Real estate – residential, farmland, and multi-family		3		286		286		11		2,571		2,571
Real estate – home equity lines of credit		—		—		—		—		—		—
Real estate – commercial		2		441		441		2		2,416		2,415
Consumer		—		—		—		—		—		—

Non-covered TDRs – Nonaccrual
Commercial, financial, and agricultural:
Commercial – unsecured		—		—		—		—		—		—
Commercial – secured		1		5		5		1		15		15
Secured by inventory and accounts receivable		—		—		—		—		—		—
Real estate – construction, land development & other land loans		2		495		495		—		—		—
Real estate – residential, farmland, and multi-family		5		400		400		8		770		769
Real estate – home equity lines of credit		—		—		—		—		—		—
Real estate – commercial		—		—		—		2		98		98
Consumer		—		—		—		—		—		—

Total non-covered TDRs arising during period		15		1,870		1,870		24		5,870		5,868

Total covered TDRs arising during period– Accruing		2	$	139	$	139		5	$	944	$	927
Total covered TDRs arising during period – Nonaccrual		—		—		—		8		966		933

Total TDRs arising during period		17	$	2,009	$	2,009		37	$	7,780	$	7,728

Schedule od accruing restructured loans that defaulted in the period

($ in thousands)	For the year ended December 31, 2015				For the year ended December 31, 2014
	Number of Contracts		Recorded Investment		Number of Contracts		Recorded Investment

Non-covered accruing TDRs that subsequently defaulted
Commercial, financial, and agricultural:
Commercial - unsecured	1		$	7	—		$	—
Real estate – construction, land development & other land loans		—		—		1		5
Real estate – residential, farmland, and multi-family		4		352		—		—
Real estate – commercial		—		—		1		71

Total non-covered TDRs that subsequently defaulted		5	$	359		2	$	76

Total accruing covered TDRs that subsequently defaulted		—	$	—		1	$	353

Total accruing TDRs that subsequently defaulted		5	$	359		3	$	429