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LOANS AND CREDIT QUALITY (Tables)

3 Months Ended

Mar. 31, 2021

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, 2021 and December 31, 2020 consisted of the following:

(dollars in thousands)			March 31, 2021						December 31, 2020
Commercial, financial and agricultural:
Small Business Administration Paycheck Protection Program			$	618,104					$	425,993
Other			514,303						545,136
Real estate:
Construction			138,284						125,625
Residential mortgage			1,684,936						1,687,251
Home equity			558,348						550,216
Commercial mortgage			1,166,175						1,158,203
Consumer			476,591						479,580
Gross loans			5,156,741						4,972,004
Net deferred (fees) costs			(18,892)						(7,891)
Total loans, net of deferred fees and costs			5,137,849						4,964,113
Allowance for credit losses			(81,553)						(83,269)
Total loans, net of allowance for credit losses			$	5,056,296					$	4,880,844

Financing Receivable, Purchased With Credit Deterioration

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

(dollars in thousands)			U.S. Mainland Consumer - Unsecured						U.S. Mainland Consumer - Automobile						Total
Three Months Ended March 31, 2021
Purchases:
Outstanding balance			$	22,534					$	12,990					$	35,524
Purchase premium (discount)			(131)						666						535
Purchase price			$	22,403					$	13,656					$	36,059
Three Months Ended March 31, 2020
Purchases:
Outstanding balance			$	22,953					$	—					$	22,953
Purchase premium (discount)			(613)						—						(613)
Purchase price			$	22,340					$	—					$	22,340
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 March 31, 2021 and December 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
March 31, 2021
Commercial, financial and agricultural			$	—					$	—					$	636											$	636					$	160
Real estate:
Residential mortgage			10,141						—						—												10,141						—
Home equity			439						—						—												439						—
Commercial mortgage			—						584						—												584						—
Total			$	10,580					$	584					$	636											$	11,800					$	160

(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
December 31, 2020
Commercial, financial and agricultural			$	—					$	—					$	676											$	676					$	209
Real estate:
Residential mortgage			9,833						—						—												9,833						—
Home equity			524						—						—												524						—
Commercial mortgage			—						626						—												626						—
Total			$	10,357					$	626					$	676											$	11,659					$	209

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 as of March 31, 2021 and December 31, 2020. 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 March 31, 2021 and December 31, 2020.

(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, 2021
Commercial, financial and agricultural:
SBA PPP			$	—					$	—					$	—					$	—					$	—					$	597,819					$	597,819					$	—
Other			279						54						—						1,412						1,745						512,444						514,189						—
Real estate:
Construction			—						—						—						—						—						137,976						137,976						—
Residential mortgage			2,122						272						4,522						4,553						11,469						1,676,044						1,687,513						4,553
Home equity			—						135						—						439						574						558,940						559,514						439
Commercial mortgage			—						—						—						—						—						1,164,338						1,164,338						—
Consumer			1,550						670						262						790						3,272						473,228						476,500						—
Total			$	3,951					$	1,131					$	4,784					$	7,194					$	17,060					$	5,120,789					$	5,137,849					$	4,992

(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, 2020
Commercial, financial and agricultural:
SBA PPP			$	—					$	—					$	—					$	—					$	—					$	416,375					$	416,375					$	—
Other			613						350						—						1,461						2,424						542,667						545,091						—
Real estate:
Construction			—						—						—						—						—						125,407						125,407						—
Residential mortgage			2,832						689						567						4,115						8,203						1,682,009						1,690,212						4,115
Home equity			273						3						—						524						800						550,466						551,266						524
Commercial mortgage			—						—						—						—						—						1,156,328						1,156,328						—
Consumer			2,725						906						240						92						3,963						475,471						479,434						—
Total			$	6,443					$	1,948					$	807					$	6,192					$	15,390					$	4,948,723					$	4,964,113					$	4,639

Schedule Of Debt Instrument, Deferrals

The following table sets forth loans on active payment forbearance or deferral as of March 31, 2021:

			Loans on Active Forbearance or Deferral
(dollars in thousands)			Loan Count						Balance						Accrued Interest Receivable						Total Loans						% of Asset Class						Total Loans, Excl. PPP						% of Asset Class, Excl. PPP
Commercial, financial and agricultural			—						$	—					$	—					$	1,112,008					—		%				$	514,189					—		%
Real estate:
Construction			—						—						—						137,976						—		%				137,976						—		%
Residential mortgage			88						38,571						984						1,687,513						2.3		%				1,687,513						2.3		%
Home equity			—						—						—						559,514						—		%				559,514						—		%
Commercial mortgage			—						—						—						1,164,338						—		%				1,164,338						—		%
Consumer			83						928						—						476,500						0.2		%				476,500						0.2		%
Total loans			171						$	39,499					$	984					$	5,137,849					0.8		%				$	4,540,030					0.9		%

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 months ended March 31, 2021:

(dollars in thousands)			Number of Contracts						Recorded Investment (as of Period End)						Increase in the ACL
Three Months Ended March 31, 2021
Commercial, financial and agricultural - Other			1						$	560					$	—
Total			1						$	560					$	—

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, 2021 and 2020. Revolving loans converted to term as of and during the three months ended March 31, 2021 and 2020 were not material to the total loan portfolio.

			Amortized Cost of Term Loans by Origination Year
(dollars in thousands)			2021						2020						2019						2018						2017						Prior						Amortized Cost of Revolving Loans						Total
March 31, 2021
Commercial, financial and agricultural - SBA PPP:
Risk Rating
Pass			$	278,212					$	319,607					$	—					$	—					$	—					$	—					$	—					$	597,819
Subtotal			278,212						319,607						—						—						—						—						—						597,819
Commercial, financial and agricultural - Other:
Risk Rating
Pass			26,676						75,241						53,756						61,131						39,649						124,952						74,084						455,489
Special Mention			978						6,823						12,354						2,904						20,107						8,409						1,001						52,576
Substandard			—						262						820						1,061						951						3,030						—						6,124
Subtotal			27,654						82,326						66,930						65,096						60,707						136,391						75,085						514,189
Construction:
Risk Rating
Pass			4,854						29,053						34,004						33,818						8,143						20,865						4,070						134,807
Special Mention			—						—						—						3,169						—						—						—						3,169
Subtotal			4,854						29,053						34,004						36,987						8,143						20,865						4,070						137,976
Residential mortgage:
Risk Rating
Pass			148,010						534,754						235,514						113,088						120,950						525,067						—						1,677,383
Special Mention			—						991						—						—						—						—						—						991
Substandard			—						1,218						393						805						2,079						4,644						—						9,139
Subtotal			148,010						536,963						235,907						113,893						123,029						529,711						—						1,687,513
Home equity:
Risk Rating
Pass			5,288						16,899						13,330						13,820						716						5,693						502,628						558,374
Special Mention			—						—						—						—						—						—						701						701
Substandard			—						—						—						—						—						439						—						439
Subtotal			5,288						16,899						13,330						13,820						716						6,132						503,329						559,514
Commercial mortgage:
Risk Rating
Pass			17,839						134,944						144,012						124,952						163,055						455,960						16,029						1,056,791
Special Mention			—						—						2,018						30,564						4,742						33,038						—						70,362
Substandard			—						—						1,788						18,964						1,873						14,560						—						37,185
Subtotal			17,839						134,944						147,818						174,480						169,670						503,558						16,029						1,164,338
Consumer:
Risk Rating
Pass			36,826						100,204						126,940						70,102						38,443						33,193						69,739						475,447
Substandard			—						166						441						267						87						65						—						1,026
Loss			—						—						—						—						16						11						—						27
Subtotal			36,826						100,370						127,381						70,369						38,546						33,269						69,739						476,500
Total			$	518,683					$	1,220,162					$	625,370					$	474,645					$	400,811					$	1,229,926					$	668,252					$	5,137,849

			Amortized Cost of Term Loans by Origination Year
(dollars in thousands)			2020						2019						2018						2017						2016						Prior						Amortized Cost of Revolving Loans						Total
December 31, 2020
Commercial, financial and agricultural - SBA PPP:
Risk Rating
Pass			$	416,375					$	—					$	—					$	—					$	—					$	—					$	—					$	416,375
Subtotal			416,375						—						—						—						—						—						—						416,375
Commercial, financial and agricultural - Other:
Risk Rating
Pass			$	86,456					$	55,660					$	61,314					$	47,672					$	39,337					$	98,136					$	82,465					$	471,040
Special Mention			9,690						16,120						6,293						26,109						1,556						6,989						420						67,177
Substandard			200						839						1,043						1,045						2,570						1,177						—						6,874
Subtotal			96,346						72,619						68,650						74,826						43,463						106,302						82,885						545,091
Construction:
Risk Rating
Pass			22,491						29,518						36,790						9,365						2,163						19,138						3,099						122,564
Special Mention			—						—						2,843						—						—						—						—						2,843
Subtotal			22,491						29,518						39,633						9,365						2,163						19,138						3,099						125,407
Residential mortgage:
Risk Rating
Pass			556,479						276,645						127,490						136,307						180,782						406,020						—						1,683,723
Special Mention			997						—						—						597						142						—						—						1,736
Substandard			—						—						537						785						1,381						2,050						—						4,753
Subtotal			557,476						276,645						128,027						137,689						182,305						408,070						—						1,690,212
Home equity:
Risk Rating
Pass			17,582						15,851						15,567						679						1,023						4,592						494,741						550,035
Special Mention			—						—						—						—						—						—						707						707
Substandard			—						—						—						—						200						324						—						524
Subtotal			17,582						15,851						15,567						679						1,223						4,916						495,448						551,266
Commercial mortgage:
Risk Rating
Pass			130,448						144,244						123,519						166,618						104,381						363,837						16,200						1,049,247
Special Mention			—						2,021						31,647						2,919						13,546						19,653						—						69,786
Substandard			—						1,791						19,000						1,934						—						14,570						—						37,295
Subtotal			130,448						148,056						174,166						171,471						117,927						398,060						16,200						1,156,328
Consumer:
Risk Rating
Pass			112,955						147,940						78,486						44,571						17,445						4,032						73,423						478,852
Special Mention			—						—						—						—						—						—						250						250
Substandard			—						138						102						22						—						22						—						284
Loss			—						16						—						26						2						4						—						48
Subtotal			112,955						148,094						78,588						44,619						17,447						4,058						73,673						479,434
Total			$	1,353,673					$	690,783					$	504,631					$	438,649					$	364,528					$	940,544					$	671,305					$	4,964,113

The following tables present the Company's loans by class and credit quality indicator as of March 31, 2021 and December 31, 2020:

(dollars in thousands)			Pass						Special Mention						Substandard						Loss						Subtotal						Net  Deferred Costs (Income)						Total
March 31, 2021
Commercial, financial and agricultural: SBA PPP			$	618,104					$	—					$	—					$	—					$	618,104					$	(20,285)					$	597,819
Commercial, financial and agricultural: Other			455,603						52,576						6,124						—						514,303						(114)						514,189
Real estate:
Construction			135,115						3,169						—						—						138,284						(308)						137,976
Residential mortgage			1,674,806						991						9,139						—						1,684,936						2,577						1,687,513
Home equity			557,208						701						439						—						558,348						1,166						559,514
Commercial mortgage			1,058,628						70,362						37,185						—						1,166,175						(1,837)						1,164,338
Consumer			475,538						—						1,026						27						476,591						(91)						476,500
Total			$	4,975,002					$	127,799					$	53,913					$	27					$	5,156,741					$	(18,892)					$	5,137,849

(dollars in thousands)			Pass						Special Mention						Substandard						Loss						Subtotal						Net  Deferred Costs (Income)						Total
December 31, 2020
Commercial, financial and agricultural: SBA PPP			$	425,993					$	—					$	—					$	—					$	425,993					$	(9,618)					$	416,375
Commercial, financial and agricultural: Other			471,085						67,177						6,874						—						545,136						(45)						545,091
Real estate:
Construction			122,782						2,843						—						—						125,625						(218)						125,407
Residential mortgage			1,680,762						1,736						4,753						—						1,687,251						2,961						1,690,212
Home equity			548,985						707						524						—						550,216						1,050						551,266
Commercial mortgage			1,051,122						69,786						37,295						—						1,158,203						(1,875)						1,156,328
Consumer			478,998						250						284						48						479,580						(146)						479,434
Total			$	4,779,727					$	142,499					$	49,730					$	48					$	4,972,004					$	(7,891)					$	4,964,113

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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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Tabular disclosure of aging analysis for financing receivable.

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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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Tabular disclosure of financing receivable modified as troubled debt restructuring.

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