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LOANS AND LEASES (Tables) | 9 Months Ended
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Sep. 30, 2012
LOANS AND LEASES |
Schedule of loans and leases, excluding loans held for sale |
|  | September 30, |  | December 31, |
|  | 2012 |  | 2011 |
|  | (Dollars in thousands) |
Commercial, financial and agricultural |  | $ | 211,424 |  | $ | 180,571 |
Real estate: |  |  |  |  |
Construction |  | 104,277 |  | 161,126 |
Mortgage - residential |  | 985,721 |  | 896,566 |
Mortgage - commercial |  | 674,854 |  | 701,399 |
Consumer |  | 123,420 |  | 108,810 |
Leases |  | 12,150 |  | 17,702 |
|  | 2,111,846 |  | 2,066,174 |
Unearned income |  | (1,683 | ) | (1,727 | )
Total loans and leases |  | $ | 2,110,163 |  | $ | 2,064,447
Schedule of balance in the allowance for loan and lease losses and the recorded investment in loans and lease based on the impairment measurement methods, by class |
|  | Commercial, |  | Real estate |  |  |  |  |  |  |
|  | financial & agricultural |  | Construction |  | Mortgage - residential |  | Mortgage - commercial |  | Consumer |  | Leases |  | Total |
|  | (Dollars in thousands) |
September 30, 2012 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for loan and lease losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending balance attributable to loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment |  | $ | 937 |  | $ | 1,582 |  | $ | 311 |  | $ | 237 |  | $ | — |  | $ | 13 |  | $ | 3,080 |
Collectively evaluated for impairment |  | 4,592 |  | 6,162 |  | 31,970 |  | 42,697 |  | 2,313 |  | 114 |  | 87,848 |
|  | 5,529 |  | 7,744 |  | 32,281 |  | 42,934 |  | 2,313 |  | 127 |  | 90,928 |
Unallocated |  |  |  |  |  |  |  |  |  |  |  |  |  | 6,000 |
Total ending balance |  | $ | 5,529 |  | $ | 7,744 |  | $ | 32,281 |  | $ | 42,934 |  | $ | 2,313 |  | $ | 127 |  | $ | 96,928 |
Loans and leases: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment |  | $ | 4,227 |  | $ | 50,524 |  | $ | 45,409 |  | $ | 17,075 |  | $ | — |  | $ | 246 |  | $ | 117,481 |
Collectively evaluated for impairment |  | 207,197 |  | 53,753 |  | 940,312 |  | 657,779 |  | 123,420 |  | 11,904 |  | 1,994,365 |
|  | 211,424 |  | 104,277 |  | 985,721 |  | 674,854 |  | 123,420 |  | 12,150 |  | 2,111,846 |
Unearned income |  | (16 | ) | 17 |  | (351 | ) | (1,333 | ) | — |  | — |  | (1,683 | )
Total ending balance |  | $ | 211,408 |  | $ | 104,294 |  | $ | 985,370 |  | $ | 673,521 |  | $ | 123,420 |  | $ | 12,150 |  | $ | 2,110,163 |
December 31, 2011 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for loan and lease losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending balance attributable to loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment |  | $ | — |  | $ | 401 |  | $ | — |  | $ | 371 |  | $ | — |  | $ | — |  | $ | 772 |
Collectively evaluated for impairment |  | 6,110 |  | 28,229 |  | 32,736 |  | 47,358 |  | 2,335 |  | 553 |  | 117,321 |
|  | 6,110 |  | 28,630 |  | 32,736 |  | 47,729 |  | 2,335 |  | 553 |  | 118,093 |
Unallocated |  |  |  |  |  |  |  |  |  |  |  |  |  | 4,000 |
Total ending balance |  | $ | 6,110 |  | $ | 28,630 |  | $ | 32,736 |  | $ | 47,729 |  | $ | 2,335 |  | $ | 553 |  | $ | 122,093 |
Loans and leases: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment |  | $ | 1,367 |  | $ | 62,569 |  | $ | 50,221 |  | $ | 18,451 |  | $ | — |  | $ | — |  | $ | 132,608 |
Collectively evaluated for impairment |  | 179,204 |  | 98,557 |  | 846,345 |  | 682,948 |  | 108,810 |  | 17,702 |  | 1,933,566 |
|  | 180,571 |  | 161,126 |  | 896,566 |  | 701,399 |  | 108,810 |  | 17,702 |  | 2,066,174 |
Unearned income |  | 133 |  | (63 | ) | (467 | ) | (1,330 | ) | — |  | — |  | (1,727 | )
Total ending balance |  | $ | 180,704 |  | $ | 161,063 |  | $ | 896,099 |  | $ | 700,069 |  | $ | 108,810 |  | $ | 17,702 |  | $ | 2,064,447
Schedule of impaired loans, by class |
|  | Unpaid Principal Balance |  | Recorded Investment |  | Allowance Allocated |
|  | (Dollars in thousands) |
September 30, 2012 |  |  |  |  |  |  |
Impaired loans with no related allowance recorded: |  |  |  |  |  |  |
Commercial, financial & agricultural |  | $ | 1,439 |  | $ | 740 |  | $ | — |
Real estate: |  |  |  |  |  |  |
Construction |  | 53,331 |  | 38,924 |  | — |
Mortgage - residential |  | 49,884 |  | 43,906 |  | — |
Mortgage - commercial |  | 18,196 |  | 16,838 |  | — |
Total impaired loans with no related allowance recorded |  | 122,850 |  | 100,408 |  | — |
Impaired loans with an allowance recorded: |  |  |  |  |  |  |
Commercial, financial & agricultural |  | 4,862 |  | 3,487 |  | 937 |
Real estate: |  |  |  |  |  |  |
Construction |  | 13,678 |  | 11,600 |  | 1,582 |
Mortgage - residential |  | 1,967 |  | 1,503 |  | 311 |
Mortgage - commercial |  | 237 |  | 237 |  | 237 |
Leases |  | 246 |  | 246 |  | 13 |
Total impaired loans with an allowance recorded |  | 20,990 |  | 17,073 |  | 3,080 |
Total |  | $ | 143,840 |  | $ | 117,481 |  | $ | 3,080 |
December 31, 2011 |  |  |  |  |  |  |
Impaired loans with no related allowance recorded: |  |  |  |  |  |  |
Commercial, financial & agricultural |  | $ | 2,107 |  | $ | 1,367 |  | $ | — |
Real estate: |  |  |  |  |  |  |
Construction |  | 80,283 |  | 47,877 |  | — |
Mortgage - residential |  | 57,195 |  | 50,221 |  | — |
Mortgage - commercial |  | 14,084 |  | 13,756 |  | — |
Total impaired loans with no related allowance recorded |  | 153,669 |  | 113,221 |  | — |
Impaired loans with an allowance recorded: |  |  |  |  |  |  |
Real estate: |  |  |  |  |  |  |
Construction |  | 24,262 |  | 14,692 |  | 401 |
Mortgage - commercial |  | 6,188 |  | 4,695 |  | 371 |
Total impaired loans with an allowance recorded |  | 30,450 |  | 19,387 |  | 772 |
Total |  | $ | 184,119 |  | $ | 132,608 |  | $ | 772
Schedule of average recorded investment and interest income recognized on impaired loans, by class |
|  | Three Months Ended September 30, |  | Nine Months Ended September 30, |
|  | 2012 |  | 2011 |  | 2012 |  | 2011 |
|  | Average Recorded Investment |  | Interest Income Recognized |  | Average Recorded Investment |  | Interest Income Recognized |  | Average Recorded Investment |  | Interest Income Recognized |  | Average Recorded Investment |  | Interest Income Recognized |
|  | (Dollars in thousands) |
Commercial, financial & agricultural |  | $ | 3,956 |  | $ | 1 |  | $ | 331 |  | $ | — |  | $ | 3,304 |  | $ | 30 |  | $ | 407 |  | $ | — |
Real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction |  | 48,412 |  | 83 |  | 110,543 |  | 81 |  | 58,893 |  | 728 |  | 128,135 |  | 719 |
Mortgage - residential |  | 46,036 |  | 120 |  | 59,309 |  | 370 |  | 48,418 |  | 298 |  | 59,449 |  | 575 |
Mortgage - commercial |  | 17,994 |  | 162 |  | 20,615 |  | (16 | ) | 19,589 |  | 330 |  | 19,214 |  | 368 |
Leases |  | 252 |  | — |  | — |  | — |  | 135 |  | — |  | — |  | — |
Total |  | $ | 116,650 |  | $ | 366 |  | $ | 190,798 |  | $ | 435 |  | $ | 130,339 |  | $ | 1,386 |  | $ | 207,205 |  | $ | 1,662
Schedule of aging of the recorded investment in past due loans and leases, by class |
|  | Accruing Loans 30 - 59 Days Past Due |  | Accruing Loans 60 - 89 Days Past Due |  | Accruing Loans Greater than 90 Days Past Due |  | Nonaccrual Loans |  | Total Past Due and Nonaccrual |  | Loans and Leases Not Past Due |  | Total |
|  | (Dollars in thousands) |
September 30, 2012 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial, financial & agricultural |  | $ | 84 |  | $ | 17 |  | $ | 15 |  | $ | 3,604 |  | $ | 3,720 |  | $ | 207,688 |  | $ | 211,408 |
Real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction |  | — |  | — |  | — |  | 45,166 |  | 45,166 |  | 59,128 |  | 104,294 |
Mortgage - residential |  | 180 |  | 3,340 |  | 490 |  | 33,475 |  | 37,485 |  | 947,885 |  | 985,370 |
Mortgage - commercial |  | 1,135 |  | — |  | — |  | 10,440 |  | 11,575 |  | 661,946 |  | 673,521 |
Consumer |  | 341 |  | 85 |  | 7 |  | — |  | 433 |  | 122,987 |  | 123,420 |
Leases |  | — |  | — |  | 27 |  | 246 |  | 273 |  | 11,877 |  | 12,150 |
Total |  | $ | 1,740 |  | $ | 3,442 |  | $ | 539 |  | $ | 92,931 |  | $ | 98,652 |  | $ | 2,011,511 |  | $ | 2,110,163 |
December 31, 2011 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial, financial & agricultural |  | $ | 180 |  | $ | 80 |  | $ | — |  | $ | 1,367 |  | $ | 1,627 |  | $ | 179,077 |  | $ | 180,704 |
Real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction |  | — |  | 442 |  | — |  | 57,351 |  | 57,793 |  | 103,270 |  | 161,063 |
Mortgage - residential |  | 2,972 |  | 631 |  | — |  | 47,128 |  | 50,731 |  | 845,368 |  | 896,099 |
Mortgage - commercial |  | 602 |  | — |  | — |  | 15,653 |  | 16,255 |  | 683,814 |  | 700,069 |
Consumer |  | 390 |  | 79 |  | 28 |  | — |  | 497 |  | 108,313 |  | 108,810 |
Leases |  | 28 |  | — |  | — |  | — |  | 28 |  | 17,674 |  | 17,702 |
Total |  | $ | 4,172 |  | $ | 1,232 |  | $ | 28 |  | $ | 121,499 |  | $ | 126,931 |  | $ | 1,937,516 |  | $ | 2,064,447
Schedule of information related to loans modifications in a TDR, by class |
|  | Number of Contracts |  | Recorded Investment (as of period end) |  | Additional Partial Charge-offs |
|  | (Dollars in thousands) |
Three months ended September 30, 2012 |  |  |  |  |  |  |
Commercial, financial & agricultural |  | 1 |  | $ | 457 |  | $ | — |
Real estate: |  |  |  |  |  |  |
Construction |  | 4 |  | 9,838 |  | — |
Mortgage - residential |  | 3 |  | 1,226 |  | 155 |
Total |  | 8 |  | $ | 11,521 |  | $ | 155 |
Three months ended September 30, 2011 |  |  |  |  |  |  |
Real estate: |  |  |  |  |  |  |
Mortgage - residential |  | 9 |  | $ | 2,954 |  | $ | — |
Nine months ended September 30, 2012 |  |  |  |  |  |  |
Commercial, financial & agricultural |  | 4 |  | $ | 624 |  | $ | — |
Real estate: |  |  |  |  |  |  |
Construction |  | 8 |  | 11,377 |  | — |
Mortgage - residential |  | 10 |  | 4,258 |  | — |
Mortgage - commercial |  | 4 |  | 9,623 |  | — |
Total |  | 26 |  | $ | 25,882 |  | $ | — |
Nine months ended September 30, 2011 |  |  |  |  |  |  |
Real estate: |  |  |  |  |  |  |
Construction |  | 2 |  | $ | 10,593 |  | $ | 3,014 |
Mortgage - residential |  | 26 |  | 9,635 |  | 447 |
Total |  | 28 |  | $ | 20,228 |  | $ | 3,461
Schedule of loans modified as a TDR within the previous twelve months that subsequently defaulted, by class |
|  | Three Months Ended September 30, |  | Nine Months Ended September 30, |
|  | 2012 |  | 2011 |  | 2012 |  | 2011 |
|  | Number of Contracts |  | Recorded Investment (as of period end) |  | Number of Contracts |  | Recorded Investment (as of period end) |  | Number of Contracts |  | Recorded Investment as of period end) |  | Number of Contracts |  | Recorded Investment as of period end) |
|  | (Dollars in thousands) |
Real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction |  | 3 |  | $ | 4,668 |  | — |  | $ | — |  | 7 |  | $ | 6,207 |  | 1 |  | $ | 5,332 |
Mortgage - residential |  | 1 |  | 93 |  | 1 |  | 347 |  | 4 |  | 878 |  | 37 |  | 13,503 |
Mortgage - commercial |  |  |  |  |  | — |  | — |  | 2 |  | 6,212 |  | — |  | — |
Total |  | 4 |  | $ | 4,761 |  | 1 |  | $ | 347 |  | 13 |  | $ | 13,297 |  | 38 |  | $ | 18,835
Schedule of recorded investment in the loans and leases, by class and credit indicator |
|  | Pass |  | Special Mention |  | Substandard |  | Doubtful |  | Loss |  | Not Rated |  | Less: Unearned Income |  | Total |
|  | (Dollars in thousands) |
September 30, 2012 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial, financial & agricultural |  | $ | 151,970 |  | $ | 6,186 |  | $ | 8,354 |  | $ | — |  | $ | — |  | $ | 44,914 |  | $ | 16 |  | $ | 211,408 |
Real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction |  | 39,106 |  | 12,389 |  | 50,189 |  | — |  | — |  | 2,593 |  | (17 | ) | 104,294 |
Mortgage - residential |  | 81,532 |  | 3,023 |  | 37,005 |  | — |  | — |  | 864,161 |  | 351 |  | 985,370 |
Mortgage - commercial |  | 547,668 |  | 77,826 |  | 32,086 |  | — |  | — |  | 17,274 |  | 1,333 |  | 673,521 |
Consumer |  | 10,296 |  | — |  | 76 |  | — |  | — |  | 113,048 |  | — |  | 123,420 |
Leases |  | 11,167 |  | 297 |  | 686 |  | — |  | — |  | — |  | — |  | 12,150 |
Total |  | $ | 841,739 |  | $ | 99,721 |  | $ | 128,396 |  | $ | — |  | $ | — |  | $ | 1,041,990 |  | $ | 1,683 |  | $ | 2,110,163 |
December 31, 2011 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial, financial & agricultural |  | $ | 107,419 |  | $ | 6,087 |  | $ | 15,389 |  | $ | — |  | $ | — |  | $ | 51,676 |  | $ | (133 | ) | $ | 180,704 |
Real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction |  | 52,882 |  | 18,808 |  | 84,716 |  | — |  | — |  | 4,720 |  | 63 |  | 161,063 |
Mortgage - residential |  | 62,314 |  | 3,823 |  | 55,017 |  | — |  | — |  | 775,412 |  | 467 |  | 896,099 |
Mortgage - commercial |  | 557,494 |  | 54,170 |  | 58,599 |  | — |  | — |  | 31,136 |  | 1,330 |  | 700,069 |
Consumer |  | 4,659 |  | — |  | 79 |  | — |  | — |  | 104,072 |  | — |  | 108,810 |
Leases |  | 16,111 |  | 327 |  | 1,264 |  | — |  | — |  | — |  | — |  | 17,702 |
Total |  | $ | 800,879 |  | $ | 83,215 |  | $ | 215,064 |  | $ | — |  | $ | — |  | $ | 967,016 |  | $ | 1,727 |  | $ | 2,064,447

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- Definition Tabular disclosure of financing receivables that have been modified by trouble debt restructurings within the previous twelve months and for which there was a payment default. + References No definition available. + Details
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