Allowance for Loan Losses (Tables)

12 Months Ended

Dec. 31, 2016

Allowance for Loan Losses, by Loan Segment

The following tables present the changes in the allowance for loan losses, by loan segment, during the periods indicated:


	Year Ended December 31, 2016
(Amounts in thousands)	Commercial			Consumer Real Estate			Consumer and Other			Total Allowance
Allowance, excluding PCI
Beginning balance	$	13,133		$	6,356		$	690		$	20,179
Provision for loan losses charged to operations		30			385			881			1,296
Charge-offs		(2,392	)		(1,612	)		(1,172	)		(5,176	)
Recoveries		919			358			360			1,637

Net charge-offs		(1,473	)		(1,254	)		(812	)		(3,539	)

Ending balance	$	11,690		$	5,487		$	759		$	17,936

PCI allowance
Beginning balance	$	—		$	54		$	—		$	54
Recovery of loan losses		—			(42	)		—			(42	)
Benefit attributable to the FDIC indemnification asset		—			1			—			1

Recovery of loan losses charged to operations		—			(41	)		—			(41	)
Recovery of loan losses recorded through the FDIC indemnification asset		—			(1	)		—			(1	)

Ending balance	$	—		$	12		$	—		$	12

Total allowance
Beginning balance	$	13,133		$	6,410		$	690		$	20,233
Provision for loan losses		30			343			881			1,254
Benefit attributable to the FDIC indemnification asset		—			1			—			1

Provision for loan losses charged to operations		30			344			881			1,255
Recovery of loan losses recorded through the FDIC indemnification asset		—			(1	)		—			(1	)
Charge-offs		(2,392	)		(1,612	)		(1,172	)		(5,176	)
Recoveries		919			358			360			1,637

Net charge-offs		(1,473	)		(1,254	)		(812	)		(3,539	)

Ending balance	$	11,690		$	5,499		$	759		$	17,948


	Year Ended December 31, 2015
(Amounts in thousands)	Commercial			Consumer Real Estate			Consumer and Other			Total Allowance
Allowance, excluding PCI
Beginning balance	$	13,010		$	6,489		$	670		$	20,169
Provision for loan losses charged to operations		931			95			1,140			2,166
Charge-offs		(1,282	)		(906	)		(1,557	)		(3,745	)
Recoveries		474			678			437			1,589

Net charge-offs		(808	)		(228	)		(1,120	)		(2,156	)

Ending balance	$	13,133		$	6,356		$	690		$	20,179

PCI allowance
Beginning balance	$	37		$	21		$	—		$	58
(Recovery of) provision for loan losses		(37	)		33			—			(4	)
Benefit attributable to the FDIC indemnification asset		29			—			—			29

(Recovery of) provision for loan losses charged to operations		(8	)		33			—			25
Recovery of loan losses recorded through the FDIC indemnification asset		(29	)		—			—			(29	)

Ending balance	$	—		$	54		$	—		$	54

Total allowance
Beginning balance	$	13,047		$	6,510		$	670		$	20,227
Provision for loan losses		894			128			1,140			2,162
Benefit attributable to the FDIC indemnification asset		29			—			—			29

Provision for loan losses charged to operations		923			128			1,140			2,191
Recovery of loan losses recorded through the FDIC indemnification asset		(29	)		—			—			(29	)
Charge-offs		(1,282	)		(906	)		(1,557	)		(3,745	)
Recoveries		474			678			437			1,589

Net charge-offs		(808	)		(228	)		(1,120	)		(2,156	)

Ending balance	$	13,133		$	6,410		$	690		$	20,233

Allowance for Loan Losses and Recorded Investment in Loans, Evaluated for Impairment Excluding PCI Loans, by Loan Class

The following tables present the allowance for loan losses and recorded investment in loans evaluated for impairment, excluding PCI loans, by loan class, as of the dates indicated:


	December 31, 2016
(Amounts in thousands)	Loans Individually Evaluated for Impairment		Allowance for Loans Individually Evaluated		Loans Collectively Evaluated for Impairment		Allowance for Loans Collectively Evaluated
Commercial loans
Construction, development, and other land	$	—	$	—	$	60,281	$	889
Commercial and industrial		—		—		93,099		495
Multi-family residential		281		—		133,947		1,157
Single family non-owner occupied		1,910		31		139,711		2,721
Non-farm, non-residential		1,454		—		600,915		6,185
Agricultural		—		—		6,028		43
Farmland		981		18		31,145		151

Total commercial loans		4,626		49		1,065,126		11,641
Consumer real estate loans
Home equity lines		—		—		122,000		895
Single family owner occupied		5,120		770		501,617		3,594
Owner occupied construction		336		—		44,199		228

Total consumer real estate loans		5,456		770		667,816		4,717
Consumer and other loans
Consumer loans		—		—		77,524		759
Other		—		—		3,971		—

Total consumer and other loans		—		—		81,495		759

Total loans, excluding PCI loans	$	10,082	$	819	$	1,814,437	$	17,117


	December 31, 2015
(Amounts in thousands)	Loans Individually Evaluated for Impairment		Allowance for Loans Individually Evaluated		Loans Collectively Evaluated for Impairment		Allowance for Loans Collectively Evaluated
Commercial loans
Construction, development, and other land	$	—	$	—	$	53,437	$	1,119
Commercial and industrial		—		—		89,885		504
Multi-family residential		—		—		95,486		1,535
Single family non-owner occupied		1,401		124		147,209		3,245
Non-farm, non-residential		14,094		1,568		478,839		4,825
Agricultural		—		—		2,945		22
Farmland		—		—		28,183		190

Total commercial loans		15,495		1,692		895,984		11,440
Consumer real estate loans
Home equity lines		—		—		126,691		1,091
Single family owner occupied		6,874		672		495,761		4,297
Owner occupied construction		349		7		43,323		290

Total consumer real estate loans		7,223		679		665,775		5,678
Consumer and other loans
Consumer loans		—		—		72,084		690
Other		—		—		7,338		—

Total consumer and other loans		—		—		79,422		690

Total loans, excluding PCI loans	$	22,718	$	2,371	$	1,641,181	$	17,808

Purchased Credit Impaired

Allowance for Loan Losses on PCI Loans and Recorded Investment in Loans

The following table presents the allowance for loan losses on PCI loans and recorded investment in PCI loans, by loan pool, as of the dates indicated:


	December 31, 2016				December 31, 2015
(Amounts in thousands)	Recorded Investment		Allowance for Loan Pools With Impairment		Recorded Investment		Allowance for Loan Pools With Impairment
Commercial loans
Waccamaw commercial	$	260	$	—	$	3,788	$	—
Peoples commercial		4,491		—		5,525		—
Other		1,095		—		1,254		—

Total commercial loans		5,846		—		10,567		—
Consumer real estate loans
Waccamaw serviced home equity lines		20,178		—		29,241		—
Waccamaw residential		1,320		—		1,678		1
Peoples residential		1,085		12		1,156		53

Total consumer real estate loans		22,583		12		32,075		54

Total PCI loans	$	28,429	$	12	$	42,642	$	54