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LOANS AND CREDIT QUALITY (Tables)

6 Months Ended

Jun. 30, 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 June 30, 2021 and December 31, 2020 consisted of the following:

(dollars in thousands)			June 30, 2021						December 31, 2020
Commercial, financial and agricultural:
Small Business Administration Paycheck Protection Program			$	450,471					$	425,993
Other			486,331						545,136
Real estate:
Construction			133,808						125,625
Residential mortgage			1,709,885						1,687,251
Home equity			582,143						550,216
Commercial mortgage			1,188,244						1,158,203
Consumer			541,491						479,580
Gross loans			5,092,373						4,972,004
Net deferred fees			(15,055)						(7,891)
Total loans, net of deferred fees and costs			5,077,318						4,964,113
Allowance for credit losses			(77,781)						(83,269)
Total loans, net of allowance for credit losses			$	4,999,537					$	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 June 30, 2021
Purchases:
Outstanding balance			$	45,482					$	36,381					$	81,863
Purchase (discount) premium			(2,632)						3,063						431
Purchase price			$	42,850					$	39,444					$	82,294
Six Months Ended June 30, 2021
Purchases:
Outstanding balance			$	68,016					$	49,371					$	117,387
Purchase (discount) premium			(2,763)						3,729						966
Purchase price			$	65,253					$	53,100					$	118,353
Three Months Ended June 30, 2020
Purchases:
Outstanding balance			$	11,359					$	—					$	11,359
Purchase discount			(503)						—						(503)
Purchase price			$	10,856					$	—					$	10,856
Six Months Ended June 30, 2020
Purchases:
Outstanding balance			$	34,312					$	—					$	34,312
Purchase discount			(1,116)						—						(1,116)
Purchase price			$	33,196					$	—					$	33,196

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, 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
June 30, 2021
Commercial, financial and agricultural			$	—					$	—					$	558											$	558					$	68
Real estate:
Residential mortgage			9,784						—						—												9,784						—
Home equity			434						—						—												434						—
Commercial mortgage			—						543						—												543						—
Total			$	10,218					$	543					$	558											$	11,319					$	68

(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 June 30, 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 June 30, 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
June 30, 2021
Commercial, financial and agricultural:
SBA PPP			$	—					$	—					$	—					$	—					$	—					$	434,610					$	434,610					$	—
Other			517						67						29						699						1,312						484,913						486,225						220
Real estate:
Construction			—						—						—						—						—						133,457						133,457						—
Residential mortgage			—						1,003						1,438						5,280						7,721						1,704,080						1,711,801						5,284
Home equity			331						73						—						434						838						582,592						583,430						434
Commercial mortgage			—						—						—						—						—						1,186,430						1,186,430						—
Consumer			1,345						501						100						332						2,278						539,087						541,365						—
Total			$	2,193					$	1,644					$	1,567					$	6,745					$	12,149					$	5,065,169					$	5,077,318					$	5,938

(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

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, 2021 and December 31, 2020. Revolving loans converted to term as of and during the three and six months ended June 30, 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
June 30, 2021
Commercial, financial and agricultural - SBA PPP:
Risk Rating
Pass			$	274,947					$	159,663					$	—					$	—					$	—					$	—					$	—					$	434,610
Subtotal			274,947						159,663						—						—						—						—						—						434,610
Commercial, financial and agricultural - Other:
Risk Rating
Pass			42,540						65,657						51,256						59,386						44,416						110,922						65,432						439,609
Special Mention			946						6,466						11,638						3,344						11,442						7,744						—						41,580
Substandard			200						89						739						974						347						2,687						—						5,036
Subtotal			43,686						72,212						63,633						63,704						56,205						121,353						65,432						486,225
Construction:
Risk Rating
Pass			6,806						26,915						33,143						34,288						6,262						20,765						4,349						132,528
Special Mention			—						—						—						929						—						—						—						929
Subtotal			6,806						26,915						33,143						35,217						6,262						20,765						4,349						133,457
Residential mortgage:
Risk Rating
Pass			300,519						521,905						215,065						97,573						114,308						454,665						—						1,704,035
Special Mention			—						985						—						—						—						—						—						985
Substandard			—						—						698						1,110						753						4,220						—						6,781
Subtotal			300,519						522,890						215,763						98,683						115,061						458,885						—						1,711,801
Home equity:
Risk Rating
Pass			11,579						15,258						12,325						13,048						502						27,637						502,011						582,360
Special Mention			—						250						—						—						—						—						386						636
Substandard			—						—						—						—						—						434						—						434
Subtotal			11,579						15,508						12,325						13,048						502						28,071						502,397						583,430
Commercial mortgage:
Risk Rating
Pass			46,626						143,824						149,049						136,564						161,017						448,019						15,071						1,100,170
Special Mention			—						—						7,627						20,552						4,007						24,586						—						56,772
Substandard			—						—						1,771						11,500						1,809						14,408						—						29,488
Subtotal			46,626						143,824						158,447						168,616						166,833						487,013						15,071						1,186,430
Consumer:
Risk Rating
Pass			112,023						121,960						122,660						59,031						31,465						19,816						73,976						540,931
Substandard			—						75						123						72						19						142						—						431
Loss			—						—						—						—						—						3						—						3
Subtotal			112,023						122,035						122,783						59,103						31,484						19,961						73,976						541,365
Total			$	796,186					$	1,063,047					$	606,094					$	438,371					$	376,347					$	1,136,048					$	661,225					$	5,077,318

			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 June 30, 2021 and December 31, 2020:

(dollars in thousands)			Pass						Special Mention						Substandard						Loss						Subtotal						Net  Deferred Costs (Income)						Total
June 30, 2021
Commercial, financial and agricultural: SBA PPP			$	450,471					$	—					$	—					$	—					$	450,471					$	(15,861)					$	434,610
Commercial, financial and agricultural: Other			439,715						41,580						5,036						—						486,331						(106)						486,225
Real estate:
Construction			132,879						929						—						—						133,808						(351)						133,457
Residential mortgage			1,702,119						985						6,781						—						1,709,885						1,916						1,711,801
Home equity			581,073						636						434						—						582,143						1,287						583,430
Commercial mortgage			1,101,984						56,772						29,488						—						1,188,244						(1,814)						1,186,430
Consumer			541,057						—						431						3						541,491						(126)						541,365
Total			$	4,949,298					$	100,902					$	42,170					$	3					$	5,092,373					$	(15,055)					$	5,077,318

(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 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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