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LOANS AND CREDIT QUALITY (Tables)

3 Months Ended

Mar. 31, 2020

Receivables [Abstract]

Schedule of loans and leases, excluding loans held for sale

Loans, excluding loans held for sale, net of ACL under ASC 326 as of March 31, 2020 and loans, excluding loans held for sale, net of ACL under previous GAAP as of December 31, 2019 consisted of the following:

(dollars in thousands)			March 31, 2020						December 31, 2019
Commercial, financial and agricultural			$	575,169					$	570,089
Real estate:
Construction			100,959						96,139
Residential mortgage			1,628,502						1,595,801
Home equity			504,061						490,239
Commercial mortgage			1,140,611						1,124,911
Consumer			559,765						569,516
Gross loans and leases			4,509,067						4,446,695
Net deferred costs			2,931						2,845
Loans			4,511,998						4,449,540
Allowance for credit losses			(59,645)						(47,971)
Loans, net of allowance for credit losses			$	4,452,353					$	4,401,569

Financing Receivable, Purchased With Credit Deterioration

The following table presents loans purchased by class for the periods presented:

(dollars in thousands)			Consumer - Unsecured
Three Months Ended March 31, 2020
Purchases:
Outstanding balance			$	22,953
Purchase premium (discount)			(613)
Purchase price			$	22,340
Three Months Ended March 31, 2019
Purchases:
Outstanding balance			$	18,286
Purchase premium (discount)			—
Purchase price			$	18,286

Financing Receivable, Collateral-Dependent

The following table presents the amortized cost basis of collateral-dependent loans by class, which are individually evaluated to determine expected credit losses, and the related ACL allocated to these loans as of March 31, 2020:

(dollars in thousands)			Secured by 1-4 Family Residential Properties						Secured by Nonfarm Nonresidential Properties						Secured by Real Estate and Business Assets												Total						Allocated ACL
Three Months Ended March 31, 2020
Commercial, financial and agricultural			$	—					$	—					$	667											$	667					$	231
Real estate:
Residential mortgage			7,718						—						—												7,718						—
Home equity			545						—						—												545						—
Commercial mortgage			—						512						—												512						—
Total			$	8,263					$	512					$	667											$	9,442					$	231

Schedule of impaired loans, by class

																					December 31, 2019
(dollars in thousands)																					Unpaid Principal Balance						Recorded Investment						ACL Allocated
Impaired loans:
Commercial, financial and agricultural																					$	246					$	135					$	—
Real estate:
Residential mortgage																					7,230						6,516						—
Home equity																					92						92						—
Commercial mortgage																					1,839						1,839						—
Total																					9,407						8,582						—
Impaired loans with an ACL recorded:
Commercial, financial and agricultural																					467						467						218
Consumer																					17						17						17
Total																					484						484						235
Total impaired loans																					$	9,891					$	9,066					$	235

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, 2019, as determined in accordance with ASC 310 prior to the adoption of ASU 2016-13:

															Three Months Ended
															March 31, 2019
(dollars in thousands)															Average Recorded Investment						Interest Income Recognized
Commercial, financial and agricultural															$	209					$	3
Real estate:
Construction															2,233						30
Residential mortgage															9,818						106
Home equity															497						—
Commercial mortgage															2,285						23
Total															$	15,042					$	162

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, 2020 and December 31, 2019. The following tables also present the amortized cost of loans on onaccrual status for which there was no related ACL under ASC 326 as of March 31, 2020 and under previous GAAP as of December 31, 2019.

(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						Nonaccrual Loans With No ACL
March 31, 2020
Commercial, financial and agricultural			$	7,050					$	712					$	—					$	667					$	8,429					$	566,895					$	575,324					$	—
Real estate:
Construction			478						—						—						—						478						100,139						100,617						—
Residential mortgage			4,371						82						1,221						2,287						7,961						1,624,575						1,632,536						2,287
Home equity			573						—						—						545						1,118						503,568						504,686						545
Commercial mortgage			287						—						—						—						287						1,138,850						1,139,137						—
Consumer			4,739						1,167						352						48						6,306						553,392						559,698						—
Total			$	17,498					$	1,961					$	1,573					$	3,547					$	24,579					$	4,487,419					$	4,511,998					$	2,832

(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						Nonaccrual Loans With No ACL
December 31, 2019
Commercial, financial and agricultural			$	476					$	865					$	—					$	467					$	1,808					$	568,496					$	570,304					$	—
Real estate:
Construction			643						—						—						—						643						95,211						95,854						—
Residential mortgage			1,830						589						724						979						4,122						1,595,679						1,599,801						979
Home equity			759						207						—						92						1,058						489,676						490,734						92
Commercial mortgage			—						397						—						—						397						1,123,018						1,123,415						—
Consumer			3,223						943						286						17						4,469						564,963						569,432						—
Total			$	6,931					$	3,001					$	1,010					$	1,555					$	12,497					$	4,437,043					$	4,449,540					$	1,071

Schedule of information related to loans modified in a TDR, by class

No loans were modified in a TDR during the three months ended March 31, 2020 and 2019.

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

The following table presents the amortized cost basis of the Company's loans by class, credit quality indicator and origination year as of March 31, 2020. Revolving loans converted to term as of and during the three months ended March 31, 2020 were not material to the total loan portfolio.

			Amortized Cost of Term Loans by Origination Year
			2020						2019						2018						2017						2016						Prior						Amortized Cost of Revolving Loans						Total
			(dollars in thousands)
March 31, 2020
Commercial, financial and agricultural
Risk Rating
Pass			$	40,976					$	77,593					$	64,288					$	59,642					$	50,144					$	125,599					$	97,073					$	515,315
Special Mention			2,865						9,777						5,627						15,376						1,006						9,153						3,280						47,084
Substandard			—						7,497						526						1,229						2,097						1,576						—						12,925
Subtotal			43,841						94,867						70,441						76,247						53,247						136,328						100,353						575,324
Construction
Risk Rating
Pass			7,923						12,157						50,181						6,920						2,277						21,159						—						100,617
Residential mortgage
Risk Rating
Pass			80,293						364,858						186,851						201,685						227,341						566,829						—						1,627,857
Special Mention			—						—						—						—						159						835						—						994
Substandard			—						—						550						929						302						1,904						—						3,685
Subtotal			80,293						364,858						187,401						202,614						227,802						569,568						—						1,632,536
Home equity
Risk Rating
Pass			4,927						21,426						22,858						493						249						3,951						450,237						504,141
Substandard			—						—						—						—						207						338						—						545
Subtotal			4,927						21,426						22,858						493						456						4,289						450,237						504,686
Commercial mortgage
Risk Rating
Pass			36,503						153,355						170,779						172,937						118,087						396,221						17,463						1,065,345
Special Mention			—						—						2,392						12,597						13,220						32,666						—						60,875
Substandard			—						7,434						—						—						—						5,483						—						12,917
Subtotal			36,503						160,789						173,171						185,534						131,307						434,370						17,463						1,139,137
Consumer
Risk Rating
Pass			47,522						206,573						111,490						68,480						31,287						17,520						76,277						559,149
Special Mention			—						—						—						—						—						—						150						150
Substandard			—						11						26						11						—						237						—						285
Loss			—						—						—						—						—						114						—						114
Subtotal			47,522						206,584						111,516						68,491						31,287						17,871						76,427						559,698
Total			$	221,009					$	860,681					$	615,568					$	540,299					$	446,376					$	1,183,585					$	644,480					$	4,511,998

The following table presents the Company's loans by class and credit quality indicator as of December 31, 2019:

(dollars in thousands)			Pass						Special Mention						Substandard						Loss						Subtotal						Net  Deferred Costs (Income)						Total
December 31, 2019
Commercial, financial and agricultural			$	523,342					$	20,677					$	26,070					$	—					$	570,089					$	215					$	570,304
Real estate:
Construction			96,139						—						—						—						96,139						(285)						95,854
Residential mortgage			1,593,072						840						1,889						—						1,595,801						4,000						1,599,801
Home equity			490,147						—						92						—						490,239						495						490,734
Commercial mortgage			1,094,364						17,440						13,107						—						1,124,911						(1,496)						1,123,415
Consumer			569,212						—						193						111						569,516						(84)						569,432
Total			$	4,366,276					$	38,957					$	41,351					$	111					$	4,446,695					$	2,845					$	4,449,540

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Financing Receivable, Collateral-Dependent

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Financing Receivable, Purchased With Credit Deterioration

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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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