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LOANS AND CREDIT QUALITY (Tables)

6 Months Ended

Jun. 30, 2023

Receivables [Abstract]

Schedule of loans and leases, excluding loans held for sale

The following table presents loans by class, excluding loans held for sale, net of ACL as of June 30, 2023 and December 31, 2022:

(dollars in thousands)			June 30, 2023						December 31, 2022
Commercial, financial and agricultural:
SBA PPP			$	1,615					$	2,654
Other			543,775						544,495
Real estate:
Construction			201,426						167,366
Residential mortgage			1,942,272						1,940,456
Home equity			748,704						737,386
Commercial mortgage			1,369,329						1,364,998
Consumer			713,630						798,957
Gross loans			5,520,751						5,556,312
Net deferred fees and costs			(68)						(846)
Total loans, net of deferred fees and costs			5,520,683						5,555,466
Allowance for credit losses			(63,849)						(63,738)
Total loans, net of allowance for credit losses			$	5,456,834					$	5,491,728

Financing Receivable, Purchased With Credit Deterioration

The following tables present loans purchased by class during the periods presented:

			Three Months Ended June 30, 2023																		Three Months Ended June 30, 2022
(dollars in thousands)			U.S. Mainland Consumer - Unsecured						U.S. Mainland Consumer - Automobile						Total						U.S. Mainland Consumer - Unsecured						U.S. Mainland Consumer - Automobile						Total
Purchases:
Outstanding balance			$	152					$	—					$	152					$	56,624					$	30,866					$	87,490
(Discount) premium			—						—						—						(3,043)						1,543						(1,500)
Purchase price			$	152					$	—					$	152					$	53,581					$	32,409					$	85,990

			Six Months Ended June 30, 2023																		Six Months Ended June 30, 2022
			U.S. Mainland Consumer - Unsecured						U.S. Mainland Consumer - Automobile						Total						U.S. Mainland Consumer - Unsecured						U.S. Mainland Consumer - Automobile						Total
Purchases:
Outstanding balance			$	3,932					$	15,159					$	19,091					$	104,766					$	64,890					$	169,656
(Discount) premium			—						568						568						(7,410)						3,457						(3,953)
Purchase price			$	3,932					$	15,727					$	19,659					$	97,356					$	68,347					$	165,703

Schedule of aging of the recorded investment in past due loans and leases, by class

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, 2023 and December 31, 2022.

(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 Not Past Due						Total Loans						Nonaccrual Loans With No ACL
June 30, 2023
Commercial, financial and agricultural:
SBA PPP			$	5					$	—					$	—					$	—					$	5					$	1,560					$	1,565					$	—
Other			454						98						—						319						871						542,722						543,593						—
Real estate:
Construction			—						—						—						4,851						4,851						195,968						200,819						4,851
Residential mortgage			—						2,941						959						4,385						8,285						1,934,621						1,942,906						4,385
Home equity			1,623						178						133						797						2,731						748,029						750,760						797
Commercial mortgage			—						—						—						77						77						1,367,485						1,367,562						77
Consumer			4,124						1,546						2,207						632						8,509						704,969						713,478						—
Total			$	6,206					$	4,763					$	3,299					$	11,061					$	25,329					$	5,495,354					$	5,520,683					$	10,110

(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 Not Past Due						Total Loans						Nonaccrual Loans With No ACL
December 31, 2022
Commercial, financial and agricultural:
SBA PPP			$	471					$	37					$	13					$	—					$	521					$	2,034					$	2,555					$	—
Other			546						131						26						297						1,000						542,947						543,947						—
Real estate:
Construction			—						—						—						—						—						166,723						166,723						—
Residential mortgage			303						—						559						3,808						4,670						1,936,329						1,940,999						3,808
Home equity			1,540						—						—						570						2,110						737,270						739,380						570
Commercial mortgage			160						—						—						—						160						1,362,915						1,363,075						—
Consumer			5,173						1,921						1,240						576						8,910						789,877						798,787						—
Total			$	8,193					$	2,089					$	1,838					$	5,251					$	17,371					$	5,538,095					$	5,555,466					$	4,378

Schedule of balance in the allowance for loan and lease losses and the recorded investment in loans and leases based on the impairment measurement methods, by class

The following tables

present 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, 2023 and December 31, 2022:

(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, 2023
Real estate:
Construction			$	—					$	4,851					$	—											$	4,851					$	—
Residential mortgage			5,832						—						—												5,832						—
Home equity			797						—						—												797						—
Commercial mortgage			—						77						—												77						—
Total			$	6,629					$	4,928					$	—											$	11,557					$	—

(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, 2022
Real estate:
Residential mortgage			$	5,653					$	—					$	—											$	5,653					$	—
Home equity			570						—						—												570						—
Total			$	6,223					$	—					$	—											$	6,223					$	—

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, 2023 and December 31, 2022. Revolving loans converted to term as of and during the three and six months ended June 30, 2023 and 2022 were not material to the total loan portfolio. In addition, the following table includes gross charge-offs of loans by origination year in the six months ended June 30, 2023.

(dollars in thousands)						Amortized Cost of Term Loans by Year of Origination																																				Amortized Cost of Revolving Loans
June 30, 2023						2023						2022						2021						2020						2019						Prior												Total
Commercial, financial and agricultural - SBA PPP:
Risk Rating
Pass						$	—					$	—					$	1,558					$	7					$	—					$	—					$	—					$	1,565
Subtotal						—						—						1,558						7						—						—						—						1,565
Commercial, financial and agricultural - Other:
Risk Rating
Pass						28,074						88,909						96,370						36,582						45,644						164,349						71,833						531,761
Special Mention						—						1,025						933						389						763						1						—						3,111
Substandard						—						194						364						740						213						7,115						95						8,721
Subtotal						28,074						90,128						97,667						37,711						46,620						171,465						71,928						543,593
Construction:
Risk Rating
Pass						3,392						54,815						71,645						17,343						2,339						31,491						13,854						194,879
Substandard						—						—						5,260						—						680						—						—						5,940
Subtotal						3,392						54,815						76,905						17,343						3,019						31,491						13,854						200,819
Residential mortgage:
Risk Rating
Pass						56,266						273,298						626,257						424,951						148,026						407,541						—						1,936,339
Special Mention						—						—						—						—						—						288						—						288
Substandard						—						1,077						—						935						822						3,445						—						6,279
Subtotal						56,266						274,375						626,257						425,886						148,848						411,274						—						1,942,906
Home equity:
Risk Rating
Pass						6,159						33,821						22,328						9,767						6,632						17,969						653,154						749,830
Substandard						—						—						—						—						73						857						—						930
Subtotal						6,159						33,821						22,328						9,767						6,705						18,826						653,154						750,760
Commercial mortgage:
Risk Rating
Pass						30,227						237,434						204,823						117,919						113,677						608,900						8,356						1,321,336
Special Mention						—						—						—						—						10,950						11,690						—						22,640
Substandard						—						—						11,627						—						1,677						10,282						—						23,586
Subtotal						30,227						237,434						216,450						117,919						126,304						630,872						8,356						1,367,562
Consumer:
Risk Rating
Pass						39,595						317,273						194,537						46,587						38,114						18,684						55,851						710,641
Substandard						4						103						148						161						163						1,161						3						1,743
Loss						—						—						—						—						—						1,094						—						1,094
Subtotal						39,599						317,376						194,685						46,748						38,277						20,939						55,854						713,478
Total						$	163,717					$	1,007,949					$	1,235,850					$	655,381					$	369,773					$	1,284,867					$	803,146					$	5,520,683

(dollars in thousands)						Gross Charge-Offs by Year of Origination																																				Amortized Cost of Revolving Loans
Six Months Ended June 30, 2023						2023						2022						2021						2020						2019						Prior												Total
Commercial, financial and agricultural:
Other						$	—					$	212					$	88					$	—					$	207					$	634					$	—					$	1,141
Consumer						—						2,745						2,730						345						409						330						—						6,559
Year-to-date gross charge-offs						$	—					$	2,957					$	2,818					$	345					$	616					$	964					$	—					$	7,700

(dollars in thousands)						Amortized Cost of Term Loans by Year of Origination																																				Amortized Cost of Revolving Loans
December 31, 2022						2022						2021						2020						2019						2018						Prior												Total
Commercial, financial and agricultural - SBA PPP:
Risk Rating
Pass						$	—					$	2,546					$	9					$	—					$	—					$	—					$	—					$	2,555
Subtotal						—						2,546						9						—						—						—						—						2,555
Commercial, financial and agricultural - Other:
Risk Rating
Pass						77,550						101,595						41,358						53,241						39,106						141,950						76,466						531,266
Special Mention						2,206						350						172						1,011						29						—						99						3,867
Substandard						188						176						833						256						116						7,215						30						8,814
Subtotal						79,944						102,121						42,363						54,508						39,251						149,165						76,595						543,947
Construction:
Risk Rating
Pass						25,663						61,027						23,384						2,387						14,309						18,048						15,044						159,862
Special Mention						—						417						—						—						898						—						—						1,315
Substandard						—						4,850						—						696						—						—						—						5,546
Subtotal						25,663						66,294						23,384						3,083						15,207						18,048						15,044						166,723
Residential mortgage:
Risk Rating
Pass						279,146						636,756						434,928						154,906						58,431						371,517						—						1,935,684
Substandard						—						—						948						—						503						3,864						—						5,315
Subtotal						279,146						636,756						435,876						154,906						58,934						375,381						—						1,940,999
Home equity:
Risk Rating
Pass						34,973						23,772						10,520						7,463						6,880						11,727						643,277						738,612
Special Mention						—						—						—						—						—						—						198						198
Substandard						—						—						—						—						78						453						39						570
Subtotal						34,973						23,772						10,520						7,463						6,958						12,180						643,514						739,380
Commercial mortgage:
Risk Rating
Pass						226,137						208,230						119,531						129,950						145,932						472,267						11,473						1,313,520
Special Mention						—						—						—						11,388						—						16,082						—						27,470
Substandard						—						10,149						—						1,700						2,133						8,103						—						22,085
Consumer:
Risk Rating
Pass						358,609						242,942						59,352						50,899						20,065						10,958						54,038						796,863
Special Mention						—						—						—						113						—						—						—						113
Substandard						1						261						91						126						42						790						—						1,311
Loss						—						—						—						—						—						500						—						500
Subtotal						358,610						243,203						59,443						51,138						20,107						12,248						54,038						798,787
Total						$	1,004,473					$	1,293,071					$	691,126					$	414,136					$	288,522					$	1,063,474					$	800,664					$	5,555,466

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Financing Receivable, Purchased With Credit Deterioration

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Tabular disclosure of allowance for credit loss on financing receivable.

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Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479319/326-20-50-13

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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.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
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-URI https://asc.fasb.org//1943274/2147479319/326-20-50-5

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Tabular disclosure of aging analysis for financing receivable.

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Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479319/326-20-50-14

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-Topic 326
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481962/310-10-50-7

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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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-Name Accounting Standards Codification
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