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LOANS AND LEASES (Tables)

12 Months Ended

Dec. 31, 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:

	December 31,
	2015				2014
	(Dollars in thousands)
Commercial, financial & agricultural	$	520,457			$	463,070
Real estate:
Construction	85,196				115,023
Mortgage - residential	1,433,862				1,280,089
Mortgage - commercial	761,566				704,099
Consumer	408,024				365,662
Leases	1,028				3,140
	3,210,133				2,931,083
Net deferred costs	1,399				1,115
Total loans and leases	$	3,211,532			$	2,932,198

Schedule of activity of loans made to certain directors, executive officers and their affiliates

In the normal course of business, our bank makes loans to certain directors, executive officers and their affiliates. An analysis of the activity of such loans follows:

	December 31,
	2015				2014
	(Dollars in thousands)
Balance, beginning of year	$	29,231			$	12,942
Additions	10,392				19,448
Repayments	(20,863		)		(3,159		)
Other changes	$	(8,285	)		$	—
Balance, end of year	$	10,475			$	29,231

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

The following table presents by class, the balance in the Allowance and the recorded investment in loans and leases based on the Company’s impairment method as of December 31, 2015 and 2014:

	Commercial,				Real estate
	Financial & Agricultural				Construction				Mortgage - Residential				Mortgage - Commercial				Consumer				Leases				Total
	(Dollars in thousands)
December 31, 2015
Allowance for loan and lease losses:
Ending balance attributable to loans:
Individually evaluated for impairment	$	—			$	—			$	—			$	51			$	—			$	—			$	51
Collectively evaluated for impairment	6,905				8,454				17,738				21,796				6,230				—				61,123
	6,905				8,454				17,738				21,847				6,230				—				61,174
Unallocated																									2,140
Total ending balance	$	6,905			$	8,454			$	17,738			$	21,847			$	6,230			$	—			$	63,314
Loans and leases:
Individually evaluated for impairment	$	1,044			$	4,126			$	22,716			$	10,318			$	—			$	—			$	38,204
Collectively evaluated for impairment	519,413				81,070				1,411,146				751,248				408,024				1,028				3,171,929
	520,457				85,196				1,433,862				761,566				408,024				1,028				3,210,133
Net deferred costs (income)	629				(311		)		2,443				(817		)		(545		)		—				1,399
Total ending balance	$	521,086			$	84,885			$	1,436,305			$	760,749			$	407,479			$	1,028			$	3,211,532
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 December 31, 2015 and 2014:

	Unpaid Principal Balance				Recorded Investment				Allowance Allocated
	(Dollars in thousands)
December 31, 2015
Impaired loans with no related allowance recorded:
Commercial, financial & agricultural	$	1,155			$	1,044			$	—
Real estate:
Construction	10,472				4,126				—
Mortgage - residential	24,792				22,716				—
Mortgage - commercial	10,010				9,152				—
Total impaired loans with no related allowance recorded	46,429				37,038				—
Impaired loans with an allowance recorded:
Real estate: Mortgage - commercial	1,166				1,166				51
Total impaired loans with an allowance recorded	1,166				1,166				51
Total	$	47,595			$	38,204			$	51
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 as of December 31, 2015, 2014 and 2013:

	Average Recorded Investment				Interest Income Recognized
	(Dollars in thousands)
December 31, 2015
Commercial, financial & agricultural	$	6,273			$	17
Real estate:
Construction	4,428				190
Mortgage - residential	26,101				78
Mortgage - commercial	14,240				373
Total	$	51,042			$	658
December 31, 2014
Commercial, financial & agricultural	$	14,303			$	22
Real estate:
Construction	5,517				163
Mortgage - residential	33,102				627
Mortgage - commercial	18,692				397
Total	$	71,614			$	1,209
December 31, 2013
Commercial, financial & agricultural	$	4,138			$	24
Real estate:
Construction	24,545				1,442
Mortgage - residential	38,325				586
Mortgage - commercial	21,160				833
Leases	33				—
Total	$	88,201			$	2,885

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

The following table presents by class, the aging of the recorded investment in past due loans and leases as of December 31, 2015 and 2014:

	30 - 59 Days Past Due				60 - 89 Days Past Due				Accruing Loans Greater Than 90 Days Past Due				Nonaccrual Loans				Total Past Due				Loans and Leases Not Past Due				Total
	(Dollars in thousands)
December 31, 2015
Commercial, financial & agricultural	$	276			$	140			$	—			$	1,044			$	1,460			$	519,626			$	521,086
Real estate:
Construction	—				—				—				—				—				84,885				84,885
Mortgage - residential	3,834				545				—				6,130				10,509				1,425,796				1,436,305
Mortgage - commercial	54				—				—				7,094				7,148				753,601				760,749
Consumer	1,443				521				273				—				2,237				405,242				407,479
Leases	—				—				—				—				—				1,028				1,028
Total	$	5,607			$	1,206			$	273			$	14,268			$	21,354			$	3,190,178			$	3,211,532
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 modifications in a TDR, by class

The following table presents by class, information related to loans modified in a TDR during the years ended December 31, 2015 and 2014:

	Number of Contracts			Recorded Investment (as of period end)				Increase in the Allowance
	(Dollars in thousands)
Year ended December 31, 2015
Commercial, financial & agricultural	1			$	488			$	—
Real estate: mortgage - residential	3			4,131				—
	4			4,619				—
Year ended December 31, 2014
Real estate: mortgage - residential	12			$	790			$	—

Schedule of loans modified as a TDR within the previous twelve months that subsequently defaulted, by class

The following table presents by class, loans modified as a TDR within the previous twelve months that subsequently defaulted during the years ended December 31, 2015 and 2014:

	Year Ended December 31,
	2015							2014
	Number of Contracts			Recorded Investment (as of period end)				Number of Contracts			Recorded Investment (as of period end)
	(Dollars in thousands)
Real estate: mortgage - residential	—			$	—			1			$	25
Total	—			$	—			1			$	25

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

The following table presents by class and credit indicator, the recorded investment in the Company’s loans and leases as of December 31, 2015 and 2014:

	Pass				Special Mention				Substandard				Subtotal				Net Deferred Costs (Income)				Total
	(Dollars in thousands)
December 31, 2015
Commercial, financial & agricultural	$	514,971			$	2,168			$	3,318			$	520,457			$	629			$	521,086
Real estate:
Construction	83,601				808				787				85,196				(311		)		84,885
Mortgage - residential	1,427,732				—				6,130				1,433,862				2,443				1,436,305
Mortgage - commercial	705,520				41,335				14,711				761,566				(817		)		760,749
Consumer	407,778				95				151				408,024				(545		)		407,479
Leases	1,028				—				—				1,028				—				1,028
Total	$	3,140,630			$	44,406			$	25,097			$	3,210,133			$	1,399			$	3,211,532
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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Tabular disclosure of the average recorded investment and interest income recognized on the accrual and cash basis for impaired financing receivables by class of financing receivable.

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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.

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-Name Accounting Standards Codification
-Topic 310
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Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics.

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-Publisher FASB
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