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LOANS AND LEASES (Tables)

9 Months Ended

Sep. 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)	September 30, 2016				December 31, 2015
Commercial, financial and agricultural	$	507,573			$	520,457
Real estate:
Construction	108,457				85,196
Residential mortgage	1,157,914				1,131,882
Home equity	351,258				301,980
Commercial mortgage	863,680				761,566
Consumer:
Automobiles	217,526				190,202
Other consumer	230,789				217,822
Leases	756				1,028
Gross loans and leases	3,437,953				3,210,133
Net deferred costs	1,701				1,399
Total loans and leases, net of deferred costs	$	3,439,654			$	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 (the "Allowance") and the recorded investment in loans and leases based on the Company’s impairment measurement method as of September 30, 2016 and December 31, 2015:

					Real Estate
(dollars in thousands)	Comml, Fin & Ag				Constr				Resi Mortgage				Home Equity				Comml Mortgage				Consumer - Auto				Consumer - Other				Leases				Unallocated				Total
September 30, 2016
Allowance for loan and lease losses attributable to loans:
Individually evaluated for impairment	$	5			$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	5
Collectively evaluated for impairment	4,547				2,386				13,914				4,012				26,370				2,937				3,213				—				—				57,379
Subtotal	4,552				2,386				13,914				4,012				26,370				2,937				3,213				—				—				57,384
Unallocated	—				—				—				—				—				—				—				—				2,000				2,000
Total ending balance	$	4,552			$	2,386			$	13,914			$	4,012			$	26,370			$	2,937			$	3,213			$	—			$	2,000			$	59,384
Loans and leases:
Individually evaluated for impairment	$	2,004			$	3,046			$	21,481			$	573			$	7,952			$	—			$	—			$	—			$	—			$	35,056
Collectively evaluated for impairment	505,569				105,411				1,136,433				350,685				855,728				217,526				230,789				756				—				3,402,897
Subtotal	507,573				108,457				1,157,914				351,258				863,680				217,526				230,789				756				—				3,437,953
Net deferred costs (income)	411				(229		)		2,827				(2		)		(963		)		—				(343		)		—				—				1,701
Total loans and leases, net of deferred costs (income)	$	507,984			$	108,228			$	1,160,741			$	351,256			$	862,717			$	217,526			$	230,446			$	756			$	—			$	3,439,654

					Real Estate
(dollars in thousands)	Comml, Fin & Ag				Constr				Resi Mortgage				Home Equity				Comml Mortgage				Consumer - Auto				Consumer - Other				Leases				Unallocated				Total
December 31, 2015
Allowance for loan and lease losses attributable to loans:
Individually evaluated for impairment	$	—			$	—			$	—			$	—			$	51			$	—			$	—			$	—			$	—			$	51
Collectively evaluated for impairment	6,905				8,454				14,642				3,096				21,796				2,891				3,339				—				—				61,123
Subtotal	6,905				8,454				14,642				3,096				21,847				2,891				3,339				—				—				61,174
Unallocated	—				—				—				—				—				—				—				—				2,140				2,140
Total ending balance	$	6,905			$	8,454			$	14,642			$	3,096			$	21,847			$	2,891			3,339				$	—			$	2,140			$	63,314
Loans and leases:
Individually evaluated for impairment	$	1,044			$	4,126			$	21,940			$	776			$	10,318			$	—			$	—			$	—			$	—			$	38,204
Collectively evaluated for impairment	519,413				81,070				1,109,942				301,204				751,248				190,202				217,822				1,028				—				3,171,929
Subtotal	520,457				85,196				1,131,882				301,980				761,566				190,202				217,822				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			$	1,134,325			$	301,980			$	760,749			$	190,202			217,277				$	1,028			$	—			$	3,211,532

Schedule of impaired loans, by class

The following tables present by class, information related to impaired loans as of September 30, 2016 and December 31, 2015:

(dollars in thousands)	Unpaid Principal Balance				Recorded Investment				Allowance Allocated
September 30, 2016
Impaired loans with no related allowance recorded:
Commercial, financial & agricultural	$	943			$	832			$	—
Real estate:
Construction	9,310				3,046				—
Residential mortgage	23,260				21,481				—
Home equity	573				573				—
Commercial mortgage	8,810				7,952				—
Total impaired loans with no related allowance recorded	42,896				33,884				—
Impaired loans with an allowance recorded:
Commercial, financial & agricultural	1,172				1,172				5
Total impaired loans with an allowance recorded	1,172				1,172				5
Total	$	44,068			$	35,056			$	5

(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				—
Residential mortgage	24,016				21,940				—
Home equity	776				776				—
Commercial mortgage	10,010				9,152				—
Total impaired loans with no related allowance recorded	46,429				37,038				—
Impaired loans with an allowance recorded:
Commercial mortgage	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 nine months ended September 30, 2016 and 2015:

	Three Months Ended																Nine Months Ended
	September 30, 2016								September 30, 2015								September 30, 2016								September 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	$	2,047			$	—			$	3,444			$	4			$	1,882			$	10			$	8,000			$	14
Real estate:
Construction	3,101				31				4,325				40				3,688				101				4,514				152
Residential mortgage	22,299				201				24,946				78				22,272				195				26,695				64
Home equity	659				5				520				9				630				18				550				17
Commercial mortgage	8,091				51				8,464				15				9,006				122				15,884				354
Total	$	36,197			$	288			$	41,699			$	146			$	37,478			$	446			$	55,643			$	601

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 September 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
September 30, 2016
Commercial, financial & agricultural	$	486			$	115			$	—			$	2,005			$	2,606			$	505,378			$	507,984
Real estate:
Construction	—				—				—				—				—				108,228				108,228
Residential mortgage	—				578				200				5,424				6,202				1,154,539				1,160,741
Home equity	33				1,182				—				479				1,694				349,562				351,256
Commercial mortgage	972				—				—				2,967				3,939				858,778				862,717
Consumer:
Automobiles	696				273				131				—				1,100				216,426				217,526
Other consumer	491				324				106				—				921				229,525				230,446
Leases	—				—				—				—				—				756				756
Total	$	2,678			$	2,472			$	437			$	10,875			$	16,462			$	3,423,192			$	3,439,654

(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
Residential mortgage	3,134				325				—				5,464				8,923				1,125,402				1,134,325
Home equity	700				220				—				666				1,586				300,394				301,980
Commercial mortgage	54				—				—				7,094				7,148				753,601				760,749
Consumer:
Automobiles	912				168				151				—				1,231				188,971				190,202
Other consumer	531				353				122				—				1,006				216,271				217,277
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 periods presented. No loans were modified in a TDR during the three months ended September 30, 2015.

(dollars in thousands)	Number of Contracts			Recorded Investment (as of Period End)				Increase in the Allowance
Three Months Ended September 30, 2016
Real estate: Residential mortgage	3			289				—
Nine Months Ended September 30, 2016
Real estate: Residential mortgage	3			289				—
Nine Months Ended September 30, 2015
Commercial, financial & agricultural	1			$	512			$	—
Real estate: Commercial mortgage	1			957				—
Total	2			$	1,469			$	—

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 September 30, 2016 and December 31, 2015:

(dollars in thousands)	Pass				Special Mention				Substandard				Loss				Subtotal				Net  Deferred Costs (Income)				Total
September 30, 2016
Commercial, financial & agricultural	$	501,119			$	3,765			$	2,689			$	—			$	507,573			$	411			$	507,984
Real estate:
Construction	98,740				9,670				47				—				108,457				(229		)		108,228
Residential mortgage	1,152,179				111				5,624				—				1,157,914				2,827				1,160,741
Home equity	348,079				2,700				479				—				351,258				(2		)		351,256
Commercial mortgage	827,005				20,569				16,106				—				863,680				(963		)		862,717
Consumer:
Automobiles	217,289				—				131				106				217,526				—				217,526
Other consumer	230,707				—				82				—				230,789				(343		)		230,446
Leases	756				—				—				—				756				—				756
Total	$	3,375,874			$	36,815			$	25,158			$	106			$	3,437,953			$	1,701			$	3,439,654
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
Residential mortgage	1,126,418				—				5,464				—				1,131,882				2,443				1,134,325
Home equity	301,314				—				666				—				301,980				—				301,980
Commercial mortgage	705,520				41,335				14,711				—				761,566				(817		)		760,749
Consumer:
Automobiles	190,051				—				151				—				190,202				—				190,202
Other consumer	217,727				95				—				—				217,822				(545		)		217,277
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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