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Loans and Asset Quality Information (Tables)

6 Months Ended

Jun. 30, 2017

Loans and Asset Quality Information [Abstract]

Summary of contractually required payments for Carolina Bank expected at acquisition date

The following table relates to Carolina Bank PCI loans and summarizes the contractually required payments, which includes principal and interest, expected cash flows to be collected, and the fair value of acquired PCI loans at the acquisition date.

($ in thousands)		Carolina Bank Acquisition on March 3, 2017
Contractually required payments		$	27,108
Nonaccretable difference			(4,237	)
Cash flows expected to be collected at acquisition			22,871
Accretable yield			(3,617	)
Fair value of PCI loans at acquisition date		$	19,254

Summary of contractually required payments for Carolina Bank not expected at acquisition date

The following table relates to acquired Carolina Bank purchased non-impaired loans and provides the contractually required payments, fair value, and estimate of contractual cash flows not expected to be collected at the acquisition date.

($ in thousands)		Carolina Bank Acquisition on March 3, 2017
Contractually required payments		$	569,980
Fair value of acquired loans at acquisition date			478,515
Contractual cash flows not expected to be collected			3,650

Summary of the major categories of total loans outstanding

The following is a summary of the major categories of total loans outstanding:

($ in thousands)		June 30, 2017								December 31, 2016								June 30, 2016
		Amount				Percentage				Amount				Percentage				Amount				Percentage
All  loans (non-covered and covered):
Commercial, financial, and agricultural		$	383,834				11	%		$	261,813				9	%		$	244,862				9	%
Real estate – construction, land development & other land loans			446,661				13	%			354,667				13	%			310,993				12	%
Real estate – mortgage – residential (1-4 family) first mortgages			783,759				23	%			750,679				28	%			751,446				29	%
Real estate – mortgage – home equity loans / lines of credit			320,953				10	%			239,105				9	%			238,794				9	%
Real estate – mortgage – commercial and other			1,384,569				41	%			1,049,460				39	%			1,000,578				39	%
Installment loans to individuals			57,008				2	%			55,037				2	%			50,387				2	%
Subtotal			3,376,784				100	%			2,710,761				100	%			2,597,060				100	%
Unamortized net deferred loan costs (fees)			(808	)							(49	)							1,074
Total loans		$	3,375,976							$	2,710,712							$	2,598,134

Summary of the major categories of non-covered and covered loans outstanding

The following is a summary of the major categories of loans outstanding allocated to the non-covered and covered loan portfolios for periods when the FDIC loss share agreements were in effect at June 30, 2016. There were no covered loans at June 30, 2017 or December 31, 2016.

($ in thousands)		June 30, 2016
		Non-covered				Covered				Total
Commercial, financial, and agricultural		$	244,862				—			$	244,862
Real estate – construction, land development & other land loans			310,832				161				310,993
Real estate – mortgage – residential (1-4 family) first mortgages			683,367				68,079				751,446
Real estate – mortgage – home equity loans / lines of credit			228,906				9,888				238,794
Real estate – mortgage – commercial and other			1,000,319				259				1,000,578
Installment loans to individuals			50,387				—				50,387
Subtotal			2,518,673				78,387				2,597,060
Unamortized net deferred loan costs			1,074				—				1,074
Total		$	2,519,747				78,387			$	2,598,134

Schedule of the carrying amount of the covered loans

The following presents the carrying amount of the covered loans at June 30, 2016 detailed by purchased credit impaired and purchased non-impaired loans (as determined on the date of the acquisition). There were no covered loans at June 30, 2017 or December 31, 2016.

($ 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		$	—				—				—				—				—				—
Real estate – construction, land development & other land loans			—				—				161				162				161				162
Real estate – mortgage – residential (1-4 family) first mortgages			—				33				68,079				78,940				68,079				78,973
Real estate – mortgage – home equity loans / lines of credit			6				14				9,882				11,140				9,888				11,154
Real estate – mortgage – commercial and other			—				—				259				294				259				294
Installment loans to individuals			—				—				—				—				—				—
Total		$	6				47				78,381				90,536				78,387				90,583

Schedule of activity in covered purchased nonimpaired loans

The following table presents information regarding covered purchased non-impaired loans since January 1, 2016. The amounts include principal only and do not reflect accrued interest as of the date of the acquisition or beyond. All balances of covered loans were transferred to non-covered as of the termination of the loss share agreements.

($ in thousands)
Carrying amount of nonimpaired covered loans at January 1, 2016		$	101,252
Principal repayments			(7,997	)
Transfers to foreclosed real estate			(1,036	)
Net loan recoveries			1,784
Accretion of loan discount			1,908
Transfer to non-covered loans due to expiration of loss-share agreement, April 1, 2016			(17,530	)
Transfer to non-covered loans due to termination of loss-share agreements, September 22, 2016			(78,381	)
Carrying amount of nonimpaired covered loans at December 31, 2016		$	—

Schedule of activity in purchased credit impaired loans

The following table presents information regarding all PCI loans since January 1, 2016.

($ in thousands) Purchased Credit Impaired Loans		Accretable Yield				Carrying Amount
Balance at January 1, 2016		$	—				1,970
Change due to payments received			—				(1,386	)
Change due to loan charge-off			—				(70	)
Balance at December 31, 2016		$	—				514
Additions due to acquisition of Carolina Bank			3,617				19,254
Accretion			(871	)			871
Change due to payments received			—				(3,317	)
Transfer to foreclosed real estate			—				(69	)
Other			—				(407	)
Balance at June 30, 2017		$	2,746				16,846

Summary of nonperforming assets

Nonperforming assets are summarized as follows:

ASSET QUALITY DATA ($ in thousands)		June 30, 2017				December 31, 2016				June 30, 2016
Nonperforming assets
Nonaccrual loans		$	22,795				27,468				37,975
Restructured loans - accruing			21,019				22,138				29,271
Accruing loans > 90 days past due			—				—				—
Total nonperforming loans			43,814				49,606				67,246
Foreclosed real estate			11,196				9,532				10,606
Total nonperforming assets		$	55,010				59,138				77,852
Total covered nonperforming assets included above (1)		$	—				—				8,024
Purchased credit impaired loans not included above (2)		$	16,846				—				—

(1) All FDIC loss share agreements were terminated effective September 22, 2016 and, accordingly, assets previously covered under those agreements become non-covered on that date.

(2) In the March 3, 2017 acquisition of Carolina Bank Holdings, Inc., the Company acquired $19.3 million in purchased credit impaired loans in accordance with ASC 310-30 accounting guidance. These loans are excluded from nonperforming loans, including $0.4 million in purchased credit impaired loans at June 30, 2017 that are contractually past due 90 days or more.

Schedule of nonaccrual loans

The following is a summary of the Company’s nonaccrual loans by major categories.

($ in thousands)		June 30, 2017				December 31, 2016
Commercial, financial, and agricultural		$	1,027				1,842
Real estate – construction, land development & other land loans			1,007				2,945
Real estate – mortgage – residential (1-4 family) first mortgages			15,262				16,017
Real estate – mortgage – home equity loans / lines of credit			1,942				2,355
Real estate – mortgage – commercial and other			3,451				4,208
Installment loans to individuals			106				101
Total		$	22,795				27,468

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 June 30, 2017.

($ in thousands)		Accruing 30-59 Days Past Due				Accruing 60-89 Days Past Due				Accruing 90 Days or More Past Due				Nonaccrual Loans				Accruing Current				Total Loans Receivable
Commercial, financial, and agricultural		$	236				20				—				1,027				382,282				383,565
Real estate – construction, land development & other land loans			1,040				174				—				1,007				443,985				446,206
Real estate – mortgage – residential (1-4 family) first mortgages			2,847				2,784				—				15,262				759,414				780,307
Real estate – mortgage – home equity loans / lines of credit			1,018				54				—				1,942				317,214				320,228
Real estate – mortgage – commercial and other			1,094				72				—				3,451				1,368,065				1,372,682
Installment loans to individuals			115				85				—				106				56,644				56,950
Purchased credit impaired			132				5				430				—				16,279				16,846
Total		$	6,482				3,194				430				22,795				3,343,883				3,376,784
Unamortized net deferred loan fees																							(808	)
Total loans																						$	3,375,976

The following table presents an analysis of the payment status of the Company’s loans as of December 31, 2016.

($ in thousands)		Accruing 30-59 Days Past Due				Accruing 60-89 Days Past Due				Accruing 90 Days or More Past Due				Nonaccrual Loans				Accruing Current				Total Loans Receivable
Commercial, financial, and agricultural		$	92				—				—				1,842				259,879				261,813
Real estate – construction, land development & other land loans			473				168				—				2,945				351,081				354,667
Real estate – mortgage – residential (1-4 family) first mortgages			4,487				443				—				16,017				729,732				750,679
Real estate – mortgage – home equity loans / lines of credit			1,751				178				—				2,355				234,821				239,105
Real estate – mortgage – commercial and other			1,482				449				—				4,208				1,042,807				1,048,946
Installment loans to individuals			186				193				—				101				54,557				55,037
Purchased credit impaired			—				—				—				—				514				514
Total		$	8,471				1,431				—				27,468				2,673,391				2,710,761
Unamortized net deferred loan fees																							(49	)
Total loans																						$	2,710,712

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

The following table presents the activity in the allowance for loan losses for all loans for the three and six months ended June 30, 2017.

($ in thousands)		Commercial, Financial, and Agricultural				Real Estate – Construction, Land Development & Other Land Loans				Real Estate – Residential (1-4 Family) First Mortgages				Real Estate – Mortgage – Home Equity Lines of Credit				Real Estate – Mortgage – Commercial and Other				Installment Loans to Individuals				Unallo- cated				Total
As of and for the three months ended June 30, 2017
Beginning balance		$	3,792				2,764				7,376				2,138				5,979				1,067				430				23,546
Charge-offs			(814	)			(92	)			(353	)			(347	)			(88	)			(172	)			—				(1,866	)
Recoveries			220				981				440				65				555				84				—				2,345
Provisions			232				(977	)			(378	)			201				(293	)			95				1,120				—
Ending balance		$	3,430				2,676				7,085				2,057				6,153				1,074				1,550				24,025
As of and for the six months ended June 30, 2017
Beginning balance		$	3,829				2,691				7,704				2,420				5,098				1,145				894				23,781
Charge-offs			(1,204	)			(269	)			(1,247	)			(578	)			(414	)			(359	)			—				(4,071	)
Recoveries			518				1,471				636				130				698				139				—				3,592
Provisions			287				(1,217	)			(8	)			85				771				149				656				723
Ending balance		$	3,430				2,676				7,085				2,057				6,153				1,074				1,550				24,025
Ending balances as of June 30, 2017:  Allowance for loan losses
Individually evaluated for impairment		$	8				182				1,304				—				424				—				—				1,918
Collectively evaluated for impairment		$	3,422				2,494				5,781				2,057				5,729				1,074				1,550				22,107
Purchased credit impaired		$	—				—				—				—				—				—				—				—
Loans receivable as of June 30, 2017:
Ending balance – total		$	383,834				446,661				783,759				320,953				1,384,569				57,008				—				3,376,784
Unamortized net deferred loan fees																															(808	)
Total loans																														$	3,375,976
Ending balances as of June 30, 2017: Loans
Individually evaluated for impairment		$	235				3,250				17,083				54				9,053				—				—				29,675
Collectively evaluated for impairment		$	383,330				442,956				763,224				320,174				1,363,629				56,950				—				3,330,263
Purchased credit impaired		$	269				455				3,452				725				11,887				58				—				16,846

The following table presents the activity in the allowance for loan losses for the year ended December 31, 2016. There were no covered loans at December 31, 2016 and all reserves associated with previously covered loans have been transferred to the non-covered allowance.

($ in thousands)		Commercial, Financial, and Agricultural				Real Estate – Construction, Land Development & Other Land Loans				Real Estate – Residential (1-4 Family) First Mortgages				Real Estate – Mortgage – Home Equity Lines of Credit				Real Estate – Mortgage – Commercial and Other				Installment Loans to Individuals				Unallo- cated				Covered				Total
As of and for the year ended December 31, 2016
Beginning balance		$	4,742				3,754				7,832				2,893				5,816				1,051				696				1,799				28,583
Charge-offs			(2,271	)			(1,101	)			(3,815	)			(969	)			(1,005	)			(1,008	)			(1	)			(244	)			(10,414	)
Recoveries			805				1,422				1,060				250				836				354				—				1,958				6,685
Transfer from covered status			56				65				839				293				127				—				1				(1,381	)			—
Removed due to branch loan sale			(263	)			(39	)			(347	)			(110	)			(228	)			(63	)			—				—				(1,050	)
Provisions			760				(1,410	)			2,135				63				(448	)			811				198				(2,132	)			(23	)
Ending balance		$	3,829				2,691				7,704				2,420				5,098				1,145				894				—				23,781
Ending balances as of December 31, 2016:  Allowance for loan losses
Individually evaluated for impairment		$	7				184				1,339				5				105				—				—				—				1,640
Collectively evaluated for impairment		$	3,822				2,507				6,365				2,415				4,993				1,145				894				—				22,141
Purchased credit impaired		$	—				—				—				—				—				—				—				—				—
Loans receivable as of December 31, 2016:
Ending balance – total		$	261,813				354,667				750,679				239,105				1,049,460				55,037				—				—				2,710,761
Unamortized net deferred loan fees																																			(49	)
Total loans																																		$	2,710,712
Ending balances as of December 31, 2016: Loans
Individually evaluated for impairment		$	644				4,001				20,807				280				6,494				—				—				—				32,226
Collectively evaluated for impairment		$	261,169				350,666				729,872				238,825				1,042,452				55,037				—				—				2,678,021
Purchased credit impaired		$	—				—				—				—				514				—				—				—				514

The following table presents the activity in the allowance for loan losses for all loans for the three and six months ended June 30, 2016.

($ in thousands)		Commercial, Financial, and Agricultural				Real Estate – Construction, Land Development & Other Land Loans				Real Estate – Residential (1-4 Family) First Mortgages				Real Estate – Mortgage – Home Equity Lines of Credit				Real Estate – Mortgage – Commercial and Other				Installment Loans to Individuals				Unallo -cated				Covered				Total
As of and for the three month ended June 30, 2016
Beginning balance		$	4,679				3,345				7,374				2,267				5,940				1,202				442				1,399				26,648
Charge-offs			(57	)			(137	)			(740	)			(285	)			(396	)			(238	)			—				(4	)			(1,857	)
Recoveries			216				121				61				64				155				140				—				756				1,513
Transfer from covered category			56				62				51				12				126				—				—				(307	)			—
Provisions			(612	)			(492	)			1,114				227				(254	)			376				130				(770	)			(281	)
Ending balance		$	4,282				2,899				7,860				2,285				5,571				1,480				572				1,074				26,023
As of and for the six month ended June 30, 2016
Beginning balance		$	4,742				3,754				7,832				2,893				5,816				1,051				696				1,799				28,583
Charge-offs			(734	)			(477	)			(2,691	)			(734	)			(562	)			(518	)			—				(245	)			(5,961	)
Recoveries			302				211				295				119				285				253				—				1,959				3,424
Transfer from covered category			56				62				51				12				126				—				—				(307	)			—
Provisions			(84	)			(651	)			2,373				(5	)			(94	)			694				(124	)			(2,132	)			(23	)
Ending balance		$	4,282				2,899				7,860				2,285				5,571				1,480				572				1,074				26,023
Ending balances as of June 30, 2016:  Allowance for loan losses
Individually evaluated for impairment		$	14				172				1,263				11				478				70				—				443				2,451
Collectively evaluated for impairment		$	4,268				2,727				6,597				2,274				5,093				1,410				572				631				23,572
Purchased credit impaired		$	—				—				—				—				—				—				—				—				—
Loans receivable as of June 30, 2016:
Ending balance – total		$	244,862				310,832				683,367				228,906				1,000,319				50,387				—				78,387				2,597,060
Unamortized net deferred loan costs																																			1,074
Total loans																																		$	2,598,134
Ending balances as of June 30, 2016: Loans
Individually evaluated for impairment		$	859				4,614				20,201				383				12,845				72				—				5,500				44,474
Collectively evaluated for impairment		$	244,003				306,218				662,959				228,523				986,926				50,315				—				72,881				2,551,825
Purchased credit impaired		$	—				—				207				—				548				—				—				6				761

Schedule of impaired loans individually evaluated

The following table presents loans individually evaluated for impairment by class of loans, excluding PCI loans, as of June 30, 2017.

($ in thousands)		Recorded Investment				Unpaid Principal Balance				Related Allowance				Average Recorded Investment
Impaired loans with no related allowance recorded:
Commercial, financial, and agricultural		$	188				426				—				337
Real estate – mortgage – construction, land development & other land loans			2,711				3,881				—				2,883
Real estate – mortgage – residential (1-4 family) first mortgages			6,682				7,424				—				7,890
Real estate – mortgage –home equity loans / lines of credit			54				80				—				76
Real estate – mortgage –commercial and other			2,302				2,528				—				3,496
Installment loans to individuals			—				—				—				1
Total impaired loans with no allowance		$	11,937				14,339				—				14,683
Impaired loans with an allowance recorded:
Commercial, financial, and agricultural		$	47				47				8				124
Real estate – mortgage – construction, land development & other land loans			539				557				182				682
Real estate – mortgage – residential (1-4 family) first mortgages			10,401				10,622				1,304				10,755
Real estate – mortgage –home equity loans / lines of credit			—				—				—				110
Real estate – mortgage –commercial and other			6,751				6,776				424				4,711
Installment loans to individuals			—				—				—				—
Total impaired loans with allowance		$	17,738				18,002				1,918				16,382

Interest income on impaired loans recognized during the six months ended June 30, 2017 was insignificant.

The following table presents loans individually evaluated for impairment by class of loans, excluding PCI loans, as of December 31, 2016.

($ in thousands)		Recorded Investment				Unpaid Principal Balance				Related Allowance				Average Recorded Investment
Impaired loans with no related allowance recorded:
Commercial, financial, and agricultural		$	593				706				—				816
Real estate – mortgage – construction, land development & other land loans			3,221				4,558				—				3,641
Real estate – mortgage – residential (1-4 family) first mortgages			10,035				12,220				—				11,008
Real estate – mortgage –home equity loans / lines of credit			114				146				—				139
Real estate – mortgage –commercial and other			4,598				5,112				—				8,165
Installment loans to individuals			—				2				—				1
Total impaired loans with no allowance		$	18,561				22,744				—				23,770
Impaired loans with an allowance recorded:
Commercial, financial, and agricultural		$	51				51				7				202
Real estate – mortgage – construction, land development & other land loans			780				798				184				844
Real estate – mortgage – residential (1-4 family) first mortgages			10,772				11,007				1,339				13,314
Real estate – mortgage –home equity loans / lines of credit			166				166				5				324
Real estate – mortgage –commercial and other			1,896				1,929				105				4,912
Installment loans to individuals			—				—				—				49
Total impaired loans with allowance		$	13,665				13,951				1,640				19,645

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 June 30, 2017.

($ in thousands)
		Pass				Special Mention Loans				Classified Accruing Loans				Classified Nonaccrual Loans				Total
Commercial, financial, and agricultural		$	372,670				8,517				1,351				1,027				383,565
Real estate – construction, land development & other land loans			430,501				7,365				7,333				1,007				446,206
Real estate – mortgage – residential (1-4 family) first mortgages			715,645				14,401				34,999				15,262				780,307
Real estate – mortgage – home equity loans / lines of credit			308,378				1,415				8,493				1,942				320,228
Real estate – mortgage – commercial and other			1,333,782				23,728				11,721				3,451				1,372,682
Installment loans to individuals			56,238				227				379				106				56,950
Purchased credit impaired			6,953				5,257				4,636				—				16,846
Total		$	3,224,167				60,910				68,912				22,795				3,376,784
Unamortized net deferred loan fees																			(808	)
Total loans																			3,375,976

The following table presents the Company’s recorded investment in loans by credit quality indicators as of December 31, 2016.

($ in thousands)
		Pass				Special Mention Loans				Classified Accruing Loans				Classified Nonaccrual Loans				Total
Commercial, financial, and agricultural		$	247,451				10,560				1,960				1,842				261,813
Real estate – construction, land development & other land loans			335,068				8,762				7,892				2,945				354,667
Real estate – mortgage – residential (1-4 family) first mortgages			678,878				16,998				38,786				16,017				750,679
Real estate – mortgage – home equity loans / lines of credit			226,159				1,436				9,155				2,355				239,105
Real estate – mortgage – commercial and other			1,005,687				26,032				13,019				4,208				1,048,946
Installment loans to individuals			54,421				256				259				101				55,037
Purchased credit impaired			—				514				—				—				514
Total		$	2,547,664				64,558				71,071				27,468				2,710,761
Unamortized net deferred loan fees																			(49	)
Total loans																			2,710,712

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 months ended June 30, 2017 and 2016.

($ in thousands)		For three months ended June 30, 2017												For the three months ended June 30, 2016
		Number of Contracts				Pre- Modification Restructured Balances				Post- Modification Restructured Balances				Number of Contracts				Pre- Modification Restructured Balances				Post- Modification Restructured Balances
TDRs – Accruing
Commercial, financial, and agricultural			—			$	—			$	—				—			$	—			$	—
Real estate – construction, land development & other land loans			—				—				—				—				—				—
Real estate – mortgage – residential (1-4 family) first mortgages			—				—				—				—				—				—
Real estate – mortgage – home equity loans / lines of credit			—				—				—				—				—				—
Real estate – mortgage – commercial and other			3				1,000				1,000				—				—				—
Installment loans to individuals			—				—				—				—				—				—
TDRs – Nonaccrual
Commercial, financial, and agricultural			—				—				—				—				—				—
Real estate – construction, land development & other land loans			1				32				32				—				—				—
Real estate – mortgage – residential (1-4 family) first mortgages			1				215				215				—				—				—
Real estate – mortgage – home equity loans / lines of credit			—				—				—				—				—				—
Real estate – mortgage – commercial and other			—				—				—				—				—				—
Installment loans to individuals			—				—				—				—				—				—
Total TDRs arising during period			5			$	1,247			$	1,247				—			$	—			$	—
Total covered TDRs arising during period included above			—			$	—			$	—				—			$	—			$	—

The following table presents information related to loans modified in a troubled debt restructuring during the six months ended June 30, 2017 and 2016.

($ in thousands)		For six months ended June 30, 2017												For the six months ended June 30, 2016
		Number of Contracts				Pre- Modification Restructured Balances				Post- Modification Restructured Balances				Number of Contracts				Pre- Modification Restructured Balances				Post- Modification Restructured Balances
TDRs – Accruing
Commercial, financial, and agricultural			—			$	—			$	—				—			$	—			$	—
Real estate – construction, land development & other land loans			—				—				—				—				—				—
Real estate – mortgage – residential (1-4 family) first mortgages			—				—				—				—				—				—
Real estate – mortgage – home equity loans / lines of credit			—				—				—				—				—				—
Real estate – mortgage – commercial and other			5				3,550				3,525				—				—				—
Installment loans to individuals			—				—				—				—				—				—
TDRs – Nonaccrual
Commercial, financial, and agricultural			—				—				—				—				—				—
Real estate – construction, land development & other land loans			1				32				32				—				—				—
Real estate – mortgage – residential (1-4 family) first mortgages			1				215				215				—				—				—
Real estate – mortgage – home equity loans / lines of credit			—				—				—				—				—				—
Real estate – mortgage – commercial and other			—				—				—				—				—				—
Installment loans to individuals			—				—				—				—				—				—
Total TDRs arising during period			7			$	3,797			$	3,772				—			$	—			$	—
Total covered TDRs arising during period included above			—			$	—			$	—				—			$	—			$	—

Schedule of 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 months ended June 30, 2017 and 2016 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 June 30, 2017								For the three months ended June 30, 2016
		Number of Contracts				Recorded Investment				Number of Contracts				Recorded Investment
Accruing TDRs that subsequently defaulted
Real estate – mortgage – residential (1-4 family) first mortgages			1			$	254				—			$	—
Total accruing TDRs that subsequently defaulted			1			$	254				—			$	—
Total covered accruing TDRs that subsequently defaulted included above			—			$	—				—			$	—

Accruing restructured loans that were modified in the previous 12 months and that defaulted during the six months ended June 30, 2017 and 2016 are presented in the table below.

($ in thousands)		For the six months ended June 30, 2017								For the six months ended June 30, 2016
		Number of Contracts				Recorded Investment				Number of Contracts				Recorded Investment
Accruing TDRs that subsequently defaulted
Commercial, financial, and agricultural			—			$	—				1			$	44
Real estate – mortgage – residential (1-4 family) first mortgages			2				880				—				—
Real estate – mortgage – commercial and other			—				—				1				21
Total accruing TDRs that subsequently defaulted			2			$	880				2			$	65
Total covered accruing TDRs that subsequently defaulted included above			—			$	—				1			$	44

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Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 55
-Paragraph 19
-URI http://asc.fasb.org/extlink&oid=82894031&loc=SL6953803-111525

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