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LOANS AND LEASES (Tables)

3 Months Ended

Mar. 31, 2016

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)	March 31, 2016				December 31, 2015
Commercial, financial and agricultural	$	534,562			$	520,457
Real estate:
Construction	101,663				85,196
Mortgage - residential	1,456,715				1,433,862
Mortgage - commercial	773,828				761,566
Consumer	439,824				408,024
Leases	936				1,028
	3,307,528				3,210,133
Net deferred costs	1,440				1,399
Total loans and leases, net of deferred costs	$	3,308,968			$	3,211,532

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 tables present 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 March 31, 2016 and December 31, 2015:

					Real Estate
(dollars in thousands)	Commercial, Financial & Agricultural				Construction				Mortgage -Residential				Mortgage -Commercial				Consumer				Leases				Total
March 31, 2016
Allowance for loan and lease losses:
Ending balance attributable to loans:
Individually evaluated for impairment	$	500			$	—			$	—			$	46			$	—			$	—			$	546
Collectively evaluated for impairment	6,500				4,128				18,005				25,127				5,843				—				59,603
	7,000				4,128				18,005				25,173				5,843				—				60,149
Unallocated																									2,000
Total ending balance	$	7,000			$	4,128			$	18,005			$	25,173			$	5,843			$	—			$	62,149
Loans and leases:
Individually evaluated for impairment	$	2,244			$	4,001			$	22,078			$	10,041			$	—			$	—			$	38,364
Collectively evaluated for impairment	532,318				97,662				1,434,637				763,787				439,824				936				3,269,164
	534,562				101,663				1,456,715				773,828				439,824				936				3,307,528
Net deferred costs (income)	529				(309		)		2,487				(792		)		(475		)		—				1,440
Total loans and leases, net of deferred costs (income)	$	535,091			$	101,354			$	1,459,202			$	773,036			$	439,349			$	936			$	3,308,968

					Real Estate
(dollars in thousands)	Commercial, Financial & Agricultural				Construction				Mortgage -Residential				Mortgage -Commercial				Consumer				Leases				Total
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 loans and leases, net of deferred costs (income)	$	521,086			$	84,885			$	1,436,305			$	760,749			$	407,479			$	1,028			$	3,211,532

Schedule of impaired loans, by class

The following tables present by class, information related to impaired loans as of March 31, 2016 and December 31, 2015:

(dollars in thousands)	Unpaid Principal Balance				Recorded Investment				Allowance Allocated
March 31, 2016
Impaired loans with no related allowance recorded:
Commercial, financial & agricultural	$	1,854			$	1,744			$	—
Real estate:
Construction	10,346				4,001				—
Mortgage - residential	24,040				22,078				—
Mortgage - commercial	9,793				8,935				—
Total impaired loans with no related allowance recorded	46,033				36,758				—
Impaired loans with an allowance recorded:
Commercial, financial & agricultural	500				500				500
Real estate:
Mortgage - commercial	1,106				1,106				46
Total impaired loans with an allowance recorded	1,606				1,606				546
Total	$	47,639			$	38,364			$	546

(dollars in thousands)	Unpaid Principal Balance				Recorded Investment				Allowance Allocated
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

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 months ended March 31, 2016 and 2015:

	Three Months Ended
	March 31, 2016								March 31, 2015
(dollars in thousands)	Average Recorded Investment				Interest Income Recognized				Average Recorded Investment				Interest Income Recognized
Commercial, financial & agricultural	$	1,423			$	—			$	13,646			$	5
Real estate:
Construction	4,046				36				4,699				86
Mortgage - residential	22,308				(2		)		28,954				1
Mortgage - commercial	10,140				34				22,751				164
Total	$	37,917			$	68			$	70,050			$	256

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

The following tables present by class, the aging of the recorded investment in past due loans and leases as of March 31, 2016 and December 31, 2015:

(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
March 31, 2016
Commercial, financial & agricultural	$	297			$	356			$	—			$	2,244			$	2,897			$	532,194			$	535,091
Real estate:
Construction	95				—				—				—				95				101,259				101,354
Mortgage - residential	4,554				—				656				5,527				10,737				1,448,465				1,459,202
Mortgage - commercial	—				—				—				6,913				6,913				766,123				773,036
Consumer	960				372				125				—				1,457				437,892				439,349
Leases	—				—				—				—				—				936				936
Total	$	5,906			$	728			$	781			$	14,684			$	22,099			$	3,286,869			$	3,308,968

(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
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

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 three months ended March 31, 2015. No loans were modified in a TDR during the three months ended March 31, 2016.

(dollars in thousands)	Number of Contracts			Recorded Investment (as of Period End)				Increase in the Allowance
Three Months Ended March 31, 2015
Real estate: Mortgage - commercial	11			$	910			$	—

Schedule of recorded investment in 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 March 31, 2016 and December 31, 2015:

(dollars in thousands)	Pass				Special Mention				Substandard				Loss				Subtotal				Net  Deferred Costs (Income)				Total
March 31, 2016
Commercial, financial & agricultural	$	529,448			$	2,033			$	3,081			$	—			$	534,562			$	529			$	535,091
Real estate:
Construction	97,915				2,914				834				—				101,663				(309		)		101,354
Mortgage - residential	1,450,416				116				6,183				—				1,456,715				2,487				1,459,202
Mortgage - commercial	715,337				40,655				17,836				—				773,828				(792		)		773,036
Consumer	439,608				—				163				53				439,824				(475		)		439,349
Leases	936				—				—				—				936				—				936
Total	$	3,233,660			$	45,718			$	28,097			$	53			$	3,307,528			$	1,440			$	3,308,968
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

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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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-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
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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
-Name Accounting Standards Codification
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