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LOANS AND LEASES (Tables) | 6 Months Ended
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Jun. 30, 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) | June 30, 2016 |  | December 31, 2015
Commercial, financial and agricultural | $ | 503,580 |  |  | $ | 520,457 |
Real estate: |  |  |  |
Construction | 98,687 |  |  | 85,196 |
Mortgage - residential | 1,499,156 |  |  | 1,433,862 |
Mortgage - commercial | 843,601 |  |  | 761,566 |
Consumer | 456,669 |  |  | 408,024 |
Leases | 843 |  |  | 1,028 |
Gross loans and leases | 3,402,536 |  |  | 3,210,133 |
Net deferred costs | 1,411 |  |  | 1,399 |
Total loans and leases, net of deferred costs | $ | 3,403,947 |  |  | $ | 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 June 30, 2016 and December 31, 2015:
|  |  | Real Estate |  |  |  |  |  |  |  |
(dollars in thousands) | Commercial, Financial & Agricultural |  | Construction |  | Mortgage -Residential |  | Mortgage -Commercial |  | Consumer |  | Leases |  | Unallocated |  | Total
June 30, 2016 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for loan and lease losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending balance attributable to loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 39 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 39 |
Collectively evaluated for impairment | 4,442 |  |  | 3,823 |  |  | 17,638 |  |  | 27,409 |  |  | 5,413 |  |  | — |  |  | — |  |  | 58,725 |
Subtotal | 4,442 |  |  | 3,823 |  |  | 17,638 |  |  | 27,448 |  |  | 5,413 |  |  | — |  |  | — |  |  | 58,764 |
Unallocated | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 2,000 |  |  | 2,000 |
Total ending balance | $ | 4,442 |  |  | $ | 3,823 |  |  | $ | 17,638 |  |  | $ | 27,448 |  |  | $ | 5,413 |  |  | $ | — |  |  | $ | 2,000 |  |  | $ | 60,764 |
Loans and leases: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment | $ | 2,132 |  |  | $ | 3,876 |  |  | $ | 24,745 |  |  | $ | 8,172 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 38,925 |
Collectively evaluated for impairment | 501,448 |  |  | 94,811 |  |  | 1,474,411 |  |  | 835,429 |  |  | 456,669 |  |  | 843 |  |  | — |  |  | 3,363,611 |
Subtotal | 503,580 |  |  | 98,687 |  |  | 1,499,156 |  |  | 843,601 |  |  | 456,669 |  |  | 843 |  |  | — |  |  | 3,402,536 |
Net deferred costs (income) | 487 |  |  | (259 | ) |  | 2,619 |  |  | (1,017 | ) |  | (419 | ) |  | — |  |  | — |  |  | 1,411 |
Total loans and leases, net of deferred costs (income) | $ | 504,067 |  |  | $ | 98,428 |  |  | $ | 1,501,775 |  |  | $ | 842,584 |  |  | $ | 456,250 |  |  | $ | 843 |  |  | $ | — |  |  | $ | 3,403,947 |
|  |  | Real Estate |  |  |  |  |  |  |  |
(dollars in thousands) | Commercial, Financial & Agricultural |  | Construction |  | Mortgage -Residential |  | Mortgage -Commercial |  | Consumer |  | Leases |  | Unallocated |  | 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 |
Subtotal | 6,905 |  |  | 8,454 |  |  | 17,738 |  |  | 21,847 |  |  | 6,230 |  |  | — |  |  | — |  |  | 61,174 |
Unallocated | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 2,140 |  |  | 2,140 |
Total ending balance | $ | 6,905 |  |  | $ | 8,454 |  |  | $ | 17,738 |  |  | $ | 21,847 |  |  | $ | 6,230 |  |  | $ | — |  |  | $ | 2,140 |  |  | $ | 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 |
Subtotal | 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 June 30, 2016 and December 31, 2015:
(dollars in thousands) | Unpaid Principal Balance |  | Recorded Investment |  | Allowance Allocated
June 30, 2016 |  |  |  |  |  |  |  |
Impaired loans with no related allowance recorded: |  |  |  |  |  |  |  |
Commercial, financial & agricultural | $ | 2,242 |  |  | $ | 2,132 |  |  | $ | — |
Real estate: |  |  |  |  |
Construction | 10,222 |  |  | 3,876 |  |  | — |
Mortgage - residential | 26,624 |  |  | 24,745 |  |  | — |
Mortgage - commercial | 7,985 |  |  | 7,127 |  |  | — |
Total impaired loans with no related allowance recorded | 47,073 |  |  | 37,880 |  |  | — |
Impaired loans with an allowance recorded: |  |  |  |  |  |  |  |
Real estate: |  |  |  |  |
Mortgage - commercial | 1,045 |  |  | 1,045 |  |  | 39 |
Total impaired loans with an allowance recorded | 1,045 |  |  | 1,045 |  |  | 39 |
Total | $ | 48,118 |  |  | $ | 38,925 |  |  | $ | 39 |
(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 and six months ended June 30, 2016 and 2015:
| Three Months Ended |  | Six Months Ended
| June 30, 2016 |  | June 30, 2015 |  | June 30, 2016 |  | June 30, 2015
(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 | $ | 2,176 |  |  | $ | 10 |  |  | $ | 6,911 |  |  | $ | 5 |  |  | $ | 1,799 |  |  | $ | 10 |  |  | $ | 10,278 |  |  | $ | 10 |
Real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction | 3,917 |  |  | 34 |  |  | 4,518 |  |  | 26 |  |  | 3,982 |  |  | 70 |  |  | 4,608 |  |  | 112 |
Mortgage - residential | 23,441 |  |  | 9 |  |  | 27,312 |  |  | (7 | ) |  | 22,874 |  |  | 7 |  |  | 28,134 |  |  | (6 | )
Mortgage - commercial | 8,786 |  |  | 37 |  |  | 16,438 |  |  | 175 |  |  | 9,463 |  |  | 71 |  |  | 19,595 |  |  | 339 |
Total | $ | 38,320 |  |  | $ | 90 |  |  | $ | 55,179 |  |  | $ | 199 |  |  | $ | 38,118 |  |  | $ | 158 |  |  | $ | 62,615 |  |  | $ | 455 |
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 June 30, 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
June 30, 2016 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial, financial & agricultural | $ | 678 |  |  | $ | 162 |  |  | $ | — |  |  | $ | 2,132 |  |  | $ | 2,972 |  |  | $ | 501,095 |  |  | $ | 504,067 |
Real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 98,428 |  |  | 98,428 |
Mortgage - residential | 448 |  |  | 570 |  |  | 135 |  |  | 8,670 |  |  | 9,823 |  |  | 1,491,952 |  |  | 1,501,775 |
Mortgage - commercial | — |  |  | — |  |  | — |  |  | 3,073 |  |  | 3,073 |  |  | 839,511 |  |  | 842,584 |
Consumer | 1,344 |  |  | 593 |  |  | 134 |  |  | — |  |  | 2,071 |  |  | 454,179 |  |  | 456,250 |
Leases | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 843 |  |  | 843 |
Total | $ | 2,470 |  |  | $ | 1,325 |  |  | $ | 269 |  |  | $ | 13,875 |  |  | $ | 17,939 |  |  | $ | 3,386,008 |  |  | $ | 3,403,947 |
(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 and six months ended June 30, 2015. No loans were modified in a TDR during the three and six months ended June 30, 2016.
(dollars in thousands) | Number of Contracts |  | Recorded Investment (as of Period End) |  | Increase in the Allowance
Three Months Ended June 30, 2015 |  |  |  |  |  |  |  |
Commercial, financial & agricultural | 1 |  |  | $ | 535 |  |  | $ | — |
Six Months Ended June 30, 2015 |  |  |  |  |  |  |  |
Commercial, financial & agricultural | 1 |  |  | $ | 535 |  |  | $ | — |
Real estate: Mortgage - commercial | 1 |  |  | 964 |  |  | — |
Total | 2 |  |  | $ | 1,499 |  |  | $ | — |
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 June 30, 2016 and December 31, 2015:
(dollars in thousands) | Pass |  | Special Mention |  | Substandard |  | Loss |  | Subtotal |  | Net Deferred Costs (Income) |  | Total
June 30, 2016 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial, financial & agricultural | $ | 498,041 |  |  | $ | 3,121 |  |  | $ | 2,418 |  |  | $ | — |  |  | $ | 503,580 |  |  | $ | 487 |  |  | $ | 504,067 |
Real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction | 89,676 |  |  | 8,218 |  |  | 793 |  |  | — |  |  | 98,687 |  |  | (259 | ) |  | 98,428 |
Mortgage - residential | 1,490,237 |  |  | 114 |  |  | 8,805 |  |  | — |  |  | 1,499,156 |  |  | 2,619 |  |  | 1,501,775 |
Mortgage - commercial | 785,582 |  |  | 42,500 |  |  | 15,519 |  |  | — |  |  | 843,601 |  |  | (1,017 | ) |  | 842,584 |
Consumer | 456,498 |  |  | — |  |  | 95 |  |  | 76 |  |  | 456,669 |  |  | (419 | ) |  | 456,250 |
Leases | 843 |  |  | — |  |  | — |  |  | — |  |  | 843 |  |  | — |  |  | 843 |
Total | $ | 3,320,877 |  |  | $ | 53,953 |  |  | $ | 27,630 |  |  | $ | 76 |  |  | $ | 3,402,536 |  |  | $ | 1,411 |  |  | $ | 3,403,947 |
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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- Definition Tabular disclosure of financing receivables (examples of financing receivables include loans, trade accounts receivable and notes receivable) and activity in the allowance for credit losses account. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -URI http://asc.fasb.org/extlink&oid=49124121&loc=SL6953423-111524 + Details
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- Definition 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. + References 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=32702940&loc=SL6953803-111525 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=49124121&loc=SL6953659-111524 + Details
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- Definition Tabular disclosure of financing receivables that are past due but not impaired, financing receivables that are 90 days past due and still accruing, and financing receivables on nonaccrual status. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=49124121&loc=d3e5111-111524 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 7A -URI http://asc.fasb.org/extlink&oid=49124121&loc=SL6953401-111524 + Details
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- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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- Definition Tabular disclosure of financing receivables and troubled debt restructurings. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=49124121&loc=SL6953676-111524 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=49124121&loc=SL6953682-111524 + Details
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