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LOANS AND LEASES (Tables)

9 Months Ended

Sep. 30, 2015

Receivables [Abstract]

Schedule of loans and leases, excluding loans held for sale

Loans and leases, excluding loans held for sale, consisted of the following:

(dollars in thousands)	September 30, 2015				December 31, 2014
Commercial, financial and agricultural	$	505,907			$	463,070
Real estate:
Construction	75,632				115,023
Mortgage - residential	1,382,835				1,280,089
Mortgage - commercial	737,816				704,099
Consumer	396,670				365,662
Leases	1,123				3,140
	3,099,983				2,931,083
Net deferred costs	1,480				1,115
Total loans and leases	$	3,101,463			$	2,932,198

Schedule of balance in the allowance for loan and lease losses and the recorded investment in loans and leases based on the impairment measurement methods, by class

The following table presents by class, the balance in the allowance for loan and lease losses and the recorded investment in loans and leases based on the Company’s impairment measurement method as of September 30, 2015 and December 31, 2014:

					Real Estate
(dollars in thousands)	Commercial, Financial & Agricultural				Construction				Mortgage -Residential				Mortgage -Commercial				Consumer				Leases				Total
September 30, 2015
Allowance for loan and lease losses:
Ending balance attributable to loans:
Individually evaluated for impairment	$	—			$	—			$	—			$	—			$	—			$	—			$	—
Collectively evaluated for impairment	7,610				8,251				17,973				21,565				7,745								63,144
	7,610				8,251				17,973				21,565				7,745				—				63,144
Unallocated																									3,500
Total ending balance	$	7,610			$	8,251			$	17,973			$	21,565			$	7,745			$	—			$	66,644
Loans and leases:
Individually evaluated for impairment	$	3,384			$	4,251			$	24,079			$	4,984			$	—			$	—			$	36,698
Collectively evaluated for impairment	502,523				71,381				1,358,756				732,832				396,670				1,123				3,063,285
	505,907				75,632				1,382,835				737,816				396,670				1,123				3,099,983
Net deferred costs (income)	636				(252		)		2,451				(831		)		(524		)		—				1,480
Total ending balance	$	506,543			$	75,380			$	1,385,286			$	736,985			$	396,146			$	1,123			$	3,101,463
December 31, 2014
Allowance for loan and lease losses:
Ending balance attributable to loans:
Individually evaluated for impairment	$	1,533			$	—			$	—			$	—			$	—			$	—			$	1,533
Collectively evaluated for impairment	7,421				14,969				17,927				20,869				7,314				7				68,507
	8,954				14,969				17,927				20,869				7,314				7				70,040
Unallocated																									4,000
Total ending balance	$	8,954			$	14,969			$	17,927			$	20,869			$	7,314			$	7			$	74,040
Loans and leases:
Individually evaluated for impairment	$	13,369			$	4,888			$	30,893			$	23,126			$	—			$	—			$	72,276
Collectively evaluated for impairment	449,701				110,135				1,249,196				680,973				365,662				3,140				2,858,807
	463,070				115,023				1,280,089				704,099				365,662				3,140				2,931,083
Net deferred costs (income)	693				(469		)		2,235				(826		)		(518		)		—				1,115
Total ending balance	$	463,763			$	114,554			$	1,282,324			$	703,273			$	365,144			$	3,140			$	2,932,198

Schedule of impaired loans, by class

The following table presents by class, impaired loans as of September 30, 2015 and December 31, 2014:

(dollars in thousands)	Unpaid Principal Balance				Recorded Investment				Allowance Allocated
September 30, 2015
Impaired loans with no related allowance recorded:
Commercial, financial & agricultural	$	5,023			$	3,384			$	—
Real estate:
Construction	10,596				4,251				—
Mortgage - residential	26,213				24,079				—
Mortgage - commercial	4,984				4,984				—
Total impaired loans with no related allowance recorded	46,816				36,698				—
Impaired loans with an allowance recorded:
Commercial, financial & agricultural	—				—				—
Total impaired loans with an allowance recorded	—				—				—
Total	$	46,816			$	36,698			$	—
December 31, 2014
Impaired loans with no related allowance recorded:
Commercial, financial & agricultural	$	738			$	738			$	—
Real estate:
Construction	11,275				4,888				—
Mortgage - residential	34,131				30,893				—
Mortgage - commercial	30,249				23,126				—
Total impaired loans with no related allowance recorded	76,393				59,645				—
Impaired loans with an allowance recorded:
Commercial, financial & agricultural	16,630				12,631				1,533
Total impaired loans with an allowance recorded	16,630				12,631				1,533
Total	$	93,023			$	72,276			$	1,533

Schedule of average recorded investment and interest income recognized on impaired loans, by class

The following table presents by class, the average recorded investment and interest income recognized on impaired loans for the three and nine months ended September 30, 2015 and 2014:

	Three Months Ended																Nine Months Ended
	September 30, 2015								September 30, 2014								September 30, 2015								September 30, 2014
(dollars in thousands)	Average Recorded Investment				Interest Income Recognized				Average Recorded Investment				Interest Income Recognized				Average Recorded Investment				Interest Income Recognized				Average Recorded Investment				Interest Income Recognized
Commercial, financial & agricultural	$	3,444			$	4			$	16,377			$	6			$	8,000			$	14			$	14,031			$	17
Real estate:
Construction	4,325				40				5,088				43				4,514				152				5,712				119
Mortgage - residential	25,466				87				31,460				85				27,245				81				33,762				522
Mortgage - commercial	8,464				15				19,195				137				15,884				354				17,147				252
Total	$	41,699			$	146			$	72,120			$	271			$	55,643			$	601			$	70,652			$	910

Schedule of aging of the recorded investment in past due loans and leases, by class

For all loan types, the Company determines delinquency status by considering the number of days full payments required by the contractual terms of the loan are past due. The following table presents by class, the aging of the recorded investment in past due loans and leases as of September 30, 2015 and December 31, 2014:

(dollars in thousands)	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
September 30, 2015
Commercial, financial & agricultural	$	183			$	544			$	—			$	3,056			$	3,783			$	502,760			$	506,543
Real estate:
Construction	—				—				—				—				—				75,380				75,380
Mortgage - residential	463				249				—				6,301				7,013				1,378,273				1,385,286
Mortgage - commercial	—				59				—				2,731				2,790				734,195				736,985
Consumer	1,049				381				130				—				1,560				394,586				396,146
Leases	—				—				—				—				—				1,123				1,123
Total	$	1,695			$	1,233			$	130			$	12,088			$	15,146			$	3,086,317			$	3,101,463
December 31, 2014
Commercial, financial & agricultural	$	183			$	85			$	—			$	13,007			$	13,275			$	450,488			$	463,763
Real estate:
Construction	—				—				—				310				310				114,244				114,554
Mortgage - residential	3,078				379				—				13,048				16,505				1,265,819				1,282,324
Mortgage - commercial	68				—				—				12,722				12,790				690,483				703,273
Consumer	1,500				417				77				—				1,994				363,150				365,144
Leases	—				—				—				—				—				3,140				3,140
Total	$	4,829			$	881			$	77			$	39,087			$	44,874			$	2,887,324			$	2,932,198

Schedule of information related to loans modified in a TDR, by class

The following table presents by class, information related to loans modified in a TDR during the nine months ended September 30, 2015 and the three and nine months ended September 30, 2014. No loans were modified in a TDR during the three months ended September 31, 2015.

(dollars in thousands)	Number of Contracts			Recorded Investment (as of Period End)				Increase in the Allowance
Nine Months Ended September 30, 2015
Commercial, financial & agricultural	1			$	512			$	—
Real estate: Mortgage - residential	1			957				—
Total	2			$	1,469			$	—
Three Months Ended September 30, 2014
Real estate: Mortgage - residential	3			$	220			$	—
Nine Months Ended September 30, 2014
Real estate: Mortgage - residential	12			$	806			$	—

Schedule of recorded investment in loans and leases, by class and credit indicator

Loans and leases not meeting the criteria above are considered to be pass-rated. The following table presents by class and credit indicator, the recorded investment in the Company’s loans and leases as of September 30, 2015 and December 31, 2014:

(dollars in thousands)	Pass				Special Mention				Substandard				Loss				Subtotal				Net  Deferred Costs (Income)				Total
September 30, 2015
Commercial, financial & agricultural	$	495,865			$	3,700			$	6,342			$	—			$	505,907			$	636			$	506,543
Real estate:
Construction	73,515				1,304				813				—				75,632				(252		)		75,380
Mortgage - residential	1,376,321				—				6,514				—				1,382,835				2,451				1,385,286
Mortgage - commercial	706,215				17,869				13,732				—				737,816				(831		)		736,985
Consumer	396,441				100				94				35				396,670				(524		)		396,146
Leases	1,123				—				—				—				1,123				—				1,123
Total	$	3,049,480			$	22,973			$	27,495			$	35			$	3,099,983			$	1,480			$	3,101,463
December 31, 2014
Commercial, financial & agricultural	$	432,892			$	14,655			$	15,523			$	—			$	463,070			$	693			$	463,763
Real estate:
Construction	111,370				—				3,653				—				115,023				(469		)		114,554
Mortgage - residential	1,265,470				352				14,267				—				1,280,089				2,235				1,282,324
Mortgage - commercial	660,492				10,498				33,109				—				704,099				(826		)		703,273
Consumer	365,332				294				36				—				365,662				(518		)		365,144
Leases	3,140				—				—				—				3,140				—				3,140
Total	$	2,838,696			$	25,799			$	66,588			$	—			$	2,931,083			$	1,115			$	2,932,198

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