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LOANS AND LEASES (Tables)

6 Months Ended

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 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 (examples of financing receivables include loans, trade accounts receivable and notes receivable) and activity in the allowance for credit losses account.

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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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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.

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