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LOANS AND CREDIT QUALITY (Tables)

6 Months Ended

Jun. 30, 2022

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, 2022 and December 31, 2021 consisted of the following:

(dollars in thousands)			June 30, 2022						December 31, 2021
Commercial, financial and agricultural:
Small Business Administration Paycheck Protection Program			$	21,058					$	94,850
Other			524,613						530,383
Real estate:
Construction			145,698						123,351
Residential mortgage			1,890,337						1,875,200
Home equity			696,370						635,721
Commercial mortgage			1,305,564						1,222,138
Consumer			719,720						624,115
Gross loans			5,303,360						5,105,758
Net deferred fees			(1,727)						(4,109)
Total loans, net of deferred fees and costs			5,301,633						5,101,649
Allowance for credit losses			(65,211)						(68,097)
Total loans, net of allowance for credit losses			$	5,236,422					$	5,033,552

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, 2022
Purchases:
Outstanding balance			$	56,624					$	30,866					$	87,490
(Discount) premium			(3,043)						1,543						(1,500)
Purchase price			$	53,581					$	32,409					$	85,990
Six Months Ended June 30, 2022
Purchases:
Outstanding balance			$	104,766					$	64,890					$	169,656
(Discount) premium			(7,410)						3,457						(3,953)
Purchase price			$	97,356					$	68,347					$	165,703
Three Months Ended June 30, 2021
Purchases:
Outstanding balance			$	45,482					$	36,381					$	81,863
(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
(Discount) premium			(2,763)						3,729						966
Purchase price			$	65,253					$	53,100					$	118,353

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, 2022 and December 31, 2021:

(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, 2022
Real estate:
Residential mortgage			$	5,495					$	—					$	—											$	5,495					$	—
Home equity			592						—						—												592						—
Total			$	6,087					$	—					$	—											$	6,087					$	—

(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, 2021
Real estate:
Residential mortgage			$	8,391					$	—					$	—											$	8,391					$	—
Home equity			786						—						—												786						—
Total			$	9,177					$	—					$	—											$	9,177					$	—

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, 2022 and December 31, 2021. 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, 2022 and December 31, 2021.

(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, 2022
Commercial, financial and agricultural:
SBA PPP			$	—					$	—					$	272					$	—					$	272					$	19,909					$	20,181					$	—
Other			564						342						37						333						1,276						522,967						524,243						—
Real estate:
Construction			—						—						—						—						—						145,038						145,038						—
Residential mortgage			—						1,125						—						3,490						4,615						1,886,168						1,890,783						3,490
Home equity			1,140						104						—						592						1,836						696,373						698,209						592
Commercial mortgage			—						—						—						—						—						1,303,635						1,303,635						—
Consumer			3,743						935						842						568						6,088						713,456						719,544						—
Total			$	5,447					$	2,506					$	1,151					$	4,983					$	14,087					$	5,287,546					$	5,301,633					$	4,082

(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, 2021
Commercial, financial and agricultural:
SBA PPP			$	—					$	—					$	—					$	—					$	—					$	91,327					$	91,327					$	—
Other			970						604						945						183						2,702						527,419						530,121						—
Real estate:
Construction			638						—						—						—						638						122,229						122,867						—
Residential mortgage			5,315						—						—						4,623						9,938						1,866,042						1,875,980						4,623
Home equity			234						—						44						786						1,064						636,185						637,249						786
Commercial mortgage			—						—						—						—						—						1,220,204						1,220,204						—
Consumer			2,444						712						374						289						3,819						620,082						623,901						—
Total			$	9,601					$	1,316					$	1,363					$	5,881					$	18,161					$	5,083,488					$	5,101,649					$	5,409

Schedule Of Debt Instrument, Deferrals

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

The Company did not modify any loans during the three and six months ended June 30, 2022.

The Company did not modify any loans during the three months ended June 30, 2021. The Company modified one commercial, financial and agricultural loan totaling $0.6 million during the three months ended March 31,2021. The loan was paid off during the three months ended June 30, 2021.

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

The following tables present the amortized cost basis of the Company's loans by class, credit quality indicator and origination year as of June 30, 2022 and December 31, 2021. Revolving loans converted to term as of and during the three and six months ended June 30, 2022 and 2021 were not material to the total loan portfolio.

			Amortized Cost of Term Loans by Origination Year
(dollars in thousands)			2022						2021						2020						2019						2018						Prior						Amortized Cost of Revolving Loans						Total
June 30, 2022
Commercial, financial and agricultural - SBA PPP:
Risk Rating
Pass			$	—					$	19,607					$	574					$	—					$	—					$	—					$	—					$	20,181
Subtotal			—						19,607						574						—						—						—						—						20,181
Commercial, financial and agricultural - Other:
Risk Rating
Pass			45,181						104,671						47,314						54,475						36,037						124,122						88,025						499,825
Special Mention			2,057						583						242						2,421						510						14,352						750						20,915
Substandard			—						—						1,233						231						576						1,391						72						3,503
Subtotal			47,238						105,254						48,789						57,127						37,123						139,865						88,847						524,243
Construction:
Risk Rating
Pass			11,358						48,869						34,319						3,146						26,524						18,834						1,082						144,132
Special Mention			—						—						—						—						906						—						—						906
Subtotal			11,358						48,869						34,319						3,146						27,430						18,834						1,082						145,038
Residential mortgage:
Risk Rating
Pass			152,888						653,965						448,393						162,543						63,935						404,609						—						1,886,333
Substandard			—						—						961						—						—						3,489						—						4,450
Subtotal			152,888						653,965						449,354						162,543						63,935						408,098						—						1,890,783
Home equity:
Risk Rating
Pass			27,050						24,737						12,965						7,937						7,660						10,784						606,287						697,420
Special Mention			—						—						—						—						—						—						197						197
Substandard			—						—						—						—						78						514						—						592
Subtotal			27,050						24,737						12,965						7,937						7,738						11,298						606,484						698,209
Commercial mortgage:
Risk Rating
Pass			128,529						224,352						121,754						129,686						134,198						494,827						9,683						1,243,029
Special Mention			—						1,166						—						17,523						9,063						18,160						—						45,912
Substandard			—						—						—						1,721						2,163						10,810						—						14,694
Subtotal			128,529						225,518						121,754						148,930						145,424						523,797						9,683						1,303,635
Consumer:
Risk Rating
Pass			189,764						286,308						75,080						67,196						29,113						18,214						52,314						717,989
Special Mention			—						—						—						145						—						—						—						145
Substandard			15						151						22						247						107						498						10						1,050
Loss			—						—						—						—						—						360						—						360
Subtotal			189,779						286,459						75,102						67,588						29,220						19,072						52,324						719,544
Total			$	556,842					$	1,364,409					$	742,857					$	447,271					$	310,870					$	1,120,964					$	758,420					$	5,301,633

			Amortized Cost of Term Loans by Origination Year
(dollars in thousands)			2021						2020						2019						2018						2017						Prior						Amortized Cost of Revolving Loans						Total
December 31, 2021
Commercial, financial and agricultural - SBA PPP:
Risk Rating
Pass			$	84,254					$	7,073					$	—					$	—					$	—					$	—					$	—					$	91,327
Subtotal			84,254						7,073						—						—						—						—						—						91,327
Commercial, financial and agricultural - Other:
Risk Rating
Pass			$	122,729					$	68,021					$	56,531					$	52,375					$	31,817					$	93,957					$	79,131					$	504,561
Special Mention			1,441						1,278						2,443						96						8,671						354						—						14,283
Substandard			—						982						393						682						6,623						1,847						750						11,277
Subtotal			124,170						70,281						59,367						53,153						47,111						96,158						79,881						530,121
Construction:
Risk Rating
Pass			35,236						25,430						3,196						28,333						288						20,090						9,376						121,949
Substandard			—						—						—						918						—						—						—						918
Subtotal			35,236						25,430						3,196						29,251						288						20,090						9,376						122,867
Residential mortgage:
Risk Rating
Pass			670,011						478,891						180,687						75,820						92,394						372,539						42						1,870,384
Special Mention			—						973						—						—						—						—						—						973
Substandard			—						—						—						577						881						3,165						—						4,623
Subtotal			670,011						479,864						180,687						76,397						93,275						375,704						42						1,875,980
Home equity:
Risk Rating
Pass			26,479						13,008						10,329						10,593						480						7,743						567,600						636,232
Special Mention			—						—						—						—						—						—						187						187
Substandard			—						176						—						79						—						575						—						830
Subtotal			26,479						13,184						10,329						10,672						480						8,318						567,787						637,249
Commercial mortgage:
Risk Rating
Pass			229,108						126,169						146,584						126,014						153,041						387,751						9,472						1,178,139
Special Mention			—						—						3,106						3,219						283						9,455						—						16,063
Substandard			—						—						1,760						8,050						1,784						14,408						—						26,002
Subtotal			229,108						126,169						151,450						137,283						155,108						411,614						9,472						1,220,204
Consumer:
Risk Rating
Pass			308,326						96,066						91,194						41,995						20,719						9,446						55,311						623,057
Special Mention			—						—						181						—						10						7						—						198
Substandard			10						35						128						80						19						221						—						493
Loss			—						—						—						—						—						153						—						153
Subtotal			308,336						96,101						91,503						42,075						20,748						9,827						55,311						623,901
Total			$	1,477,594					$	818,102					$	496,532					$	348,831					$	317,010					$	921,711					$	721,869					$	5,101,649

The following tables present the Company's loans by class and credit quality indicator as of June 30, 2022 and December 31, 2021:

(dollars in thousands)			Pass						Special Mention						Substandard						Loss						Subtotal						Net Deferred Fees and Costs						Total
June 30, 2022
Commercial, financial and agricultural: SBA PPP			$	21,058					$	—					$	—					$	—					$	21,058					$	(877)					$	20,181
Commercial, financial and agricultural: Other			500,195						20,915						3,503						—						524,613						(370)						524,243
Real estate:
Construction			144,792						906						—						—						145,698						(660)						145,038
Residential mortgage			1,885,887						—						4,450						—						1,890,337						446						1,890,783
Home equity			695,581						197						592						—						696,370						1,839						698,209
Commercial mortgage			1,244,958						45,912						14,694						—						1,305,564						(1,929)						1,303,635
Consumer			718,165						145						1,050						360						719,720						(176)						719,544
Total			$	5,210,636					$	68,075					$	24,289					$	360					$	5,303,360					$	(1,727)					$	5,301,633

(dollars in thousands)			Pass						Special Mention						Substandard						Loss						Subtotal						Net Deferred Fees and Costs						Total
December 31, 2021
Commercial, financial and agricultural: SBA PPP			$	94,850					$	—					$	—					$	—					$	94,850					$	(3,523)					$	91,327
Commercial, financial and agricultural: Other			504,823						14,283						11,277						—						530,383						(262)						530,121
Real estate:
Construction			122,433						—						918						—						123,351						(484)						122,867
Residential mortgage			1,869,604						973						4,623						—						1,875,200						780						1,875,980
Home equity			634,704						187						830						—						635,721						1,528						637,249
Commercial mortgage			1,180,074						16,062						26,002						—						1,222,138						(1,934)						1,220,204
Consumer			623,271						181						510						153						624,115						(214)						623,901
Total			$	5,029,759					$	31,686					$	44,160					$	153					$	5,105,758					$	(4,109)					$	5,101,649

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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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-Publisher FASB
-Name Accounting Standards Codification
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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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