Loans (Tables)

12 Months Ended

Dec. 31, 2016

Summary of Loans, Net of Unearned Income

The following table presents loans, net of unearned income with non-covered loans and by loan class, as of the dates indicated:


	December 31,
	2016					2015
(Amounts in thousands)	Amount		Percent			Amount		Percent
Non-covered loans held for investment
Commercial loans
Construction, development, and other land	$	56,948		3.07	%	$	48,896		2.86	%
Commercial and industrial		92,204		4.98	%		88,903		5.21	%
Multi-family residential		134,228		7.24	%		95,026		5.57	%
Single family non-owner occupied		142,965		7.72	%		149,351		8.75	%
Non-farm, non-residential		598,674		32.31	%		485,460		28.45	%
Agricultural		6,003		0.32	%		2,911		0.17	%
Farmland		31,729		1.71	%		27,540		1.61	%

Total commercial loans		1,062,751		57.35	%		898,087		52.62	%
Consumer real estate loans
Home equity lines		106,361		5.74	%		107,367		6.29	%
Single family owner occupied		500,891		27.03	%		495,209		29.02	%
Owner occupied construction		44,535		2.41	%		43,505		2.55	%

Total consumer real estate loans		651,787		35.18	%		646,081		37.86	%
Consumer and other loans
Consumer loans		77,445		4.18	%		72,000		4.22	%
Other		3,971		0.21	%		7,338		0.43	%

Total consumer and other loans		81,416		4.39	%		79,338		4.65	%

Total non-covered loans		1,795,954		96.92	%		1,623,506		95.13	%
Total covered loans		56,994		3.08	%		83,035		4.87	%

Total loans held for investment, net of unearned income	$	1,852,948		100.00	%	$	1,706,541		100.00	%

Covered Loan Portfolio, by Loan Class

The following table presents the covered loan portfolio, by loan class, as of the dates indicated:


	December 31,
(Amounts in thousands)	2016		2015
Covered loans
Commercial loans
Construction, development, and other land	$	4,570	$	6,303
Commercial and industrial		895		1,170
Multi-family residential		8		640
Single family non-owner occupied		962		2,674
Non-farm, non-residential		7,512		14,065
Agricultural		25		34
Farmland		397		643

Total commercial loans		14,369		25,529
Consumer real estate loans
Home equity lines		35,817		48,565
Single family owner occupied		6,729		8,595
Owner occupied construction		—		262

Total consumer real estate loans		42,546		57,422
Consumer and other loans
Consumer loans		79		84

Total covered loans	$	56,994	$	83,035

Recorded Investment and Contractual Unpaid Principal Balance of PCI Loans, by Acquisition

The following table presents the recorded investment and contractual unpaid principal balance of PCI loans, by acquisition, as of the dates indicated:


	December 31,
	2016				2015
(Amounts in thousands)	Recorded Investment		Unpaid Principal Balance		Recorded Investment		Unpaid Principal Balance
PCI Loans, by acquisition
Peoples	$	5,576	$	9,397	$	6,681	$	11,249
Waccamaw		21,758		45,030		34,707		63,151
Other acquired		1,095		1,121		1,254		1,297

Total PCI Loans	$	28,429	$	55,548	$	42,642	$	75,697

Changes in Accretable Yield Related on PCI loans, by Acquisition

The following table presents the changes in the accretable yield on PCI loans, by acquisition, during the periods indicated:


(Amounts in thousands)	Peoples			Waccamaw			Other			Total
Balance January 1, 2014	$	5,294		$	10,338		$	8		$	15,640
Additions		267			26			—			293
Accretion		(2,147	)		(6,118	)		(37	)		(8,302	)
Reclassifications from nonaccretable difference		1,912			16,400			29			18,341
Other changes, net		(581	)		(1,598	)		—			(2,179	)

Balance December 31, 2014	$	4,745		$	19,048		$	—		$	23,793

Balance January 1, 2015	$	4,745		$	19,048		$	—		$	23,793
Additions		—			2			—			2
Accretion		(2,712	)		(6,459	)		—			(9,171	)
Reclassifications from nonaccretable difference		1,283			6,564			—			7,847
Other changes, net		273			6,954			—			7,227

Balance December 31, 2015	$	3,589		$	26,109		$	—		$	29,698

Balance January 1, 2016	$	3,589		$	26,109		$	—		$	29,698
Accretion		(1,237	)		(5,380	)		—			(6,617	)
Reclassifications from nonaccretable difference		287			1,620			—			1,907
Other changes, net		1,753			(515	)		—			1,238

Balance December 31, 2016	$	4,392		$	21,834		$	—		$	26,226