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LOANS AND CREDIT QUALITY (Tables)

6 Months Ended

Jun. 30, 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 June 30, 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)			June 30, 2020						December 31, 2019
Commercial, financial and agricultural:
Small Business Administration Paycheck Protection Program			$	543,653					$	—
Other			547,768						570,089
Real estate:
Construction			103,826						96,139
Residential mortgage			1,653,632						1,595,801
Home equity			510,188						490,239
Commercial mortgage			1,131,959						1,124,911
Consumer			527,100						569,516
Gross loans and leases			5,018,126						4,446,695
Net deferred (fees) costs			(14,688)						2,845
Total loans, net of deferred fees and costs			5,003,438						4,449,540
Allowance for credit losses			(67,339)						(47,971)
Total loans, net of allowance for credit losses			$	4,936,099					$	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 June 30, 2020
Purchases:
Outstanding balance			$	11,359
Purchase premium (discount)			(503)
Purchase price			$	10,856
Six Months Ended June 30, 2020
Purchases:
Outstanding balance			$	34,312
Purchase premium (discount)			(1,116)
Purchase price			$	33,196
Three Months Ended June 30, 2019
Purchases:
Outstanding balance			$	31,041
Purchase premium (discount)			—
Purchase price			$	31,041
Six Months Ended June 30, 2019
Purchases:
Outstanding balance			$	49,327
Purchase premium (discount)			—
Purchase price			$	49,327
Note: Purchases of unsecured consumer loans were made under forward flow purchase agreements.

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 June 30, 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
June 30, 2020
Commercial, financial and agricultural			$	—					$	—					$	736											$	736					$	223
Real estate:
Residential mortgage			8,504						—						—												8,504						—
Home equity			538						—						—												538						—
Commercial mortgage			—						711						—												711						—
Total			$	9,042					$	711					$	736											$	10,489					$	223

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 and six months ended June 30, 2019, as determined in accordance with ASC 310 prior to the adoption of ASU 2016-13:

															Three Months Ended																														Six Months Ended
															June 30, 2019																														June 30, 2019
(dollars in thousands)															Average Recorded Investment						Interest Income Recognized																		Average Recorded Investment						Interest Income Recognized
Commercial, financial and agricultural															$	185					$	2																	$	199					$	5
Real estate:
Construction															1,434						32																		1,890						62
Residential mortgage															8,583						607																		9,289						713
Home equity															254						13																		393						13
Commercial mortgage															2,138						23																		2,222						46
Total															$	12,594					$	677																	$	13,993					$	839

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, 2020 and December 31, 2019. The following tables also present the amortized cost of loans on nonaccrual status for which there was no related ACL under ASC 326 as of June 30, 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
June 30, 2020
Commercial, financial and agricultural - SBA PPP			$	—					$	—					$	—					$	—					$	—					$	526,408					$	526,408					$	—
Commercial, financial and agricultural - Other			979						176						—						934						2,089						545,769						547,858						—
Real estate:
Construction			—						—						—						—						—						103,518						103,518						—
Residential mortgage			—						1,375						726						3,215						5,316						1,652,242						1,657,558						3,215
Home equity			366						—						—						538						904						510,058						510,962						538
Commercial mortgage			—						—						—						—						—						1,130,169						1,130,169						—
Consumer			1,673						964						444						54						3,135						523,830						526,965						—
Total			$	3,018					$	2,515					$	1,170					$	4,741					$	11,444					$	4,991,994					$	5,003,438					$	3,753

(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

The following table presents by class, information related to loans modified in a TDR during the three and six months ended June 30, 2020:

(dollars in thousands)			Number of Contracts						Recorded Investment (as of Period End)						Increase in the ACL
Three Months Ended June 30, 2020
Real estate: Commercial mortgage			1						$	285					$	—
Consumer			9						145						—
Total			10						$	430					$	—
Six Months Ended June 30, 2020
Real estate: Commercial mortgage			1						$	285					$	—
Consumer			9						145
Total			10						$	430					$	—

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 June 30, 2020. Revolving loans converted to term as of and during the three and six months ended June 30, 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)
June 30, 2020
Commercial, financial and agricultural - SBA PPP:
Risk Rating
Pass			$	526,408					$	—					$	—					$	—					$	—					$	—					$	—					$	526,408
Commercial, financial and agricultural - Other:
Risk Rating
Pass			73,563						70,052						64,647						53,927						46,574						99,703						82,204						490,670
Special Mention			2,740						8,796						5,490						15,034						550						9,632						1,520						43,762
Substandard			—						7,362						595						1,220						2,407						1,842						—						13,426
Subtotal			76,303						86,210						70,732						70,181						49,531						111,177						83,724						547,858
Construction:
Risk Rating
Pass			12,308						15,026						46,092						7,164						2,239						20,689						—						103,518
Residential mortgage:
Risk Rating
Pass			252,833						335,607						163,136						181,703						210,585						506,943						—						1,650,807
Special Mention			—						—						—						1,437						153						1,145						—						2,735
Substandard			—						—						545						895						888						1,688						—						4,016
Subtotal			252,833						335,607						163,681						184,035						211,626						509,776						—						1,657,558
Home equity:
Risk Rating
Pass			9,200						18,464						19,080						457						298						4,923						457,792						510,214
Special Mention			—						—						—						—						—						—						210						210
Substandard			—						—						—						—						206						332						—						538
Subtotal			9,200						18,464						19,080						457						504						5,255						458,002						510,962
Commercial mortgage:
Risk Rating
Pass			42,505						149,625						155,100						171,513						113,485						383,327						17,363						1,032,918
Special Mention			—						2,602						18,508						12,718						10,369						24,984						—						69,181
Substandard			—						4,593						—						—						4,513						18,964						—						28,070
Subtotal			42,505						156,820						173,608						184,231						128,367						427,275						17,363						1,130,169
Consumer:
Risk Rating
Pass			61,790						136,956						73,808						57,622						25,622						99,447						71,221						526,466
Substandard			11						27						14						48						4						256						—						360
Loss			—						—						—						79						45						15						—						139
Subtotal			61,801						136,983						73,822						57,749						25,671						99,718						71,221						526,965
Total			$	981,358					$	749,110					$	547,015					$	503,817					$	417,938					$	1,173,890					$	630,310					$	5,003,438

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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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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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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