LOANS (Tables)

9 Months Ended

Sep. 30, 2015

Schedule of Accounts Notes Loans and Financial Receivables

Balances within the major loans receivable categories are presented in the following table, excluding purchased non-covered and covered loans:

(Dollars in Thousands)	September 30, 2015		December 31, 2014		September 30, 2014
Commercial, financial and agricultural	$	427,747	$	319,654	$	334,783
Real estate – construction and development		220,798		161,507		154,315
Real estate – commercial and farmland		1,067,828		907,524		882,160
Real estate – residential		532,285		456,106		436,515
Consumer installment		31,299		30,782		31,403
Other		10,692		14,308		9,583
	$	2,290,649	$	1,889,881	$	1,848,759

Summary of Covered Loans According to Loan Type

Covered loans are shown below according to loan type as of the end of the periods shown:

(Dollars in Thousands)	September 30, 2015		December 31, 2014		September 30, 2014
Commercial, financial and agricultural	$	13,349	$	21,467	$	22,545
Real estate – construction and development		14,266		23,447		27,756
Real estate – commercial and farmland		103,399		147,627		180,566
Real estate – residential		59,835		78,520		82,445
Consumer installment		172		218		277
	$	191,021	$	271,279	$	313,589

Schedule of Allowances for Loan Losses by Portfolio Segment

The following table details activity in the allowance for loan losses by portfolio segment for the three and nine months ended September 30, 2015, the year ended December 31, 2014 and the three and nine months ended September 30, 2014. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories.

	Commercial, financial & agricultural		Real estate – construction & development		Real estate – commercial & farmland		Real estate - residential		Consumer installment loans and Other		Purchased non-covered loans, including pools		Covered loans		Total
	(Dollars in Thousands)
Three months ended September 30, 2015:
Balance, June 30, 2015	$	1,426	$	5,365	$	8,381	$	4,805	$	1,681	$	-	$	-	$	21,658
Provision for loan losses		110		643		43		1,238		(1,386)		531		(193)		986
Loans charged off		(135)		(105)		(184)		(234)		(61)		(302)		(246)		(1,267)
Recoveries of loans previously charged off		117		6		272		54		33		173		439		1,094
Balance, September 30, 2015	$	1,518	$	5,909	$	8,512	$	5,863	$	267	$	402	$	-	$	22,471
Nine months ended September 30, 2015:
Balance, January 1, 2015	$	2,004	$	5,030	$	8,823	$	4,129	$	1,171	$	-	$	-	$	21,157
Provision for loan losses		(66)		1,030		743		2,562		(721)		219		944		4,711
Loans charged off		(937)		(465)		(1,358)		(966)		(300)		(772)		(1,661)		(6,459)
Recoveries of loans previously charged off		517		314		304		138		117		955		717		3,062
Balance, September 30, 2015	$	1,518	$	5,909	$	8,512	$	5,863	$	267	$	402	$	-	$	22,471
Period-end amount allocated to:
Loans individually evaluated for impairment	$	521	$	708	$	1,622	$	1,848	$	-	$	-	$	-	$	4,699
Loans collectively evaluated for impairment		997		5,201		6,890		4,015		267		-		-		17,370
Loan pools collectively evaluated for impairment		-		-		-		-		-		402		-		402
Ending balance	$	1,518	$	5,909	$	8,512	$	5,863	$	267	$	402	$	-	$	22,471
Loans:
Individually evaluated for impairment	$	1,286	$	1,820	$	13,306	$	8,415	$	-	$	-	$	-	$	24,827
Collectively evaluated for impairment		426,461		218,978		1,054,522		523,870		41,991		668,614		83,974		3,018,410
Acquired with deteriorated credit quality		-		-		-		-		-		98,880		107,047		205,927
Loan pools collectively evaluated for impairment		-		-		-		-		-		410,072		-		410,072
Ending balance	$	427,747	$	220,798	$	1,067,828	$	532,285	$	41,991	$	1,177,566	$	191,021	$	3,659,236

	Commercial, financial & agricultural		Real estate – construction & development		Real estate – commercial & farmland		Real estate - residential		Consumer installment loans and Other		Purchased non-covered loans, including pools		Covered loans		Total
	(Dollars in Thousands)
Three months ended December 31, 2014:
Balance, September 30, 2014	$	2,581	$	5,294	$	8,632	$	5,407	$	298	$	-	$	-	$	22,212
Provision for loan losses		(200)		(239)		1,133		(981)		937		80		158		888
Loans charged off		(468)		(74)		(1,033)		(368)		(128)		(80)		(337)		(2,488)
Recoveries of loans previously charged off		91		49		91		71		64		-		179		545
Balance, December 31, 2014	$	2,004	$	5,030	$	8,823	$	4,129	$	1,171	$	-	$	-	$	21,157
Twelve months ended December 31, 2014:
Balance, January 1, 2014	$	1,823	$	5,538	$	8,393	$	6,034	$	589	$	-	$	-	$	22,377
Provision for loan losses		1,427		(265)		3,444		(452)		567		84		843		5,648
Loans charged off		(1,567)		(592)		(3,288)		(1,707)		(471)		(84)		(1,851)		(9,560)
Recoveries of loans previously charged off		321		349		274		254		486		-		1,008		2,692
Balance, December 31, 2014	$	2,004	$	5,030	$	8,823	$	4,129	$	1,171	$	-	$	-	$	21,157
Period-end amount allocated to:
Loans individually evaluated for impairment	$	375	$	743	$	1,861	$	911	$	-	$	-	$	-	$	3,890
Loans collectively evaluated for impairment		1,629		4,287		6,962		3,218		1,171		-		-		17,267
Ending balance	$	2,004	$	5,030	$	8,823	$	4,129	$	1,171	$	-	$	-	$	21,157
Loans:
Individually evaluated for impairment	$	490	$	3,709	$	14,546	$	8,904	$	-	$	-	$	-	$	27,649
Collectively evaluated for impairment		319,164		157,798		892,978		447,202		45,090		579,172		122,248		2,563,652
Acquired with deteriorated credit quality		-		-		-		-		-		95,067		149,031		244,098
Ending balance	$	319,654	$	161,507	$	907,524	$	456,106	$	45,090	$	674,239	$	271,279	$	2,835,399

	Commercial, financial & agricultural		Real estate – construction & development		Real estate – commercial & farmland		Real estate - residential		Consumer installment loans and Other		Purchased non-covered loans, including pools		Covered loans		Total
	(Dollars in Thousands)
Three months ended September 30, 2014:
Balance, June 30, 2014	$	2,185	$	5,431	$	8,317	$	5,166	$	1,155	$	-	$	-	$	22,254
Provision for loan losses		540		63		1,237		595		(862)		4		92		1,669
Loans charged off		(191)		(296)		(953)		(406)		(129)		(4)		(376)		(2,355)
Recoveries of loans previously charged off		47		96		31		52		134		-		284		644
Balance, September 30, 2014	$	2,581	$	5,294	$	8,632	$	5,407	$	298	$	-	$	-	$	22,212
Nine months ended September 30, 2014:
Balance, January 1, 2014	$	1,823	$	5,538	$	8,393	$	6,034	$	589	$	-	$	-	$	22,377
Provision for loan losses		1,627		(26)		2,311		529		(370)		4		685		4,760
Loans charged off		(1,099)		(518)		(2,255)		(1,339)		(343)		(4)		(1,514)		(7,072)
Recoveries of loans previously charged off		230		300		183		183		422		-		829		2,147
Balance, September 30, 2014	$	2,581	$	5,294	$	8,632	$	5,407	$	298	$	-	$	-	$	22,212
Period-end amount allocated to:
Loans individually evaluated for impairment	$	611	$	540	$	1,682	$	1,272	$	-	$	-	$	-	$	4,105
Loans collectively evaluated for impairment		1,970		4,754		6,950		4,135		298		-		-		18,107
Ending balance	$	2,581	$	5,294	$	8,632	$	5,407	$	298	$	-	$	-	$	22,212
Loans:
Individually evaluated for impairment	$	1,549	$	3,078	$	17,129	$	11,860	$	-	$	-	$	-	$	33,616
Collectively evaluated for impairment		333,234		151,237		865,031		424,655		40,986		581,723		142,128		2,538,994
Acquired with deteriorated credit quality		-		-		-		-		-		92,001		171,461		263,462
Ending balance	$	334,783	$	154,315	$	882,160	$	436,515	$	40,986	$	673,724	$	313,589	$	2,836,072

Summary of Impaired Financial Receivables

The following is a summary of information pertaining to impaired loans, excluding purchased non-covered and covered loans:

	As of and For the Period Ended
	September 30, 2015		December 31, 2014		September 30, 2014
	(Dollars in Thousands)
Nonaccrual loans	$	20,558	$	21,728	$	22,810
Troubled debt restructurings not included above		12,075		12,759		17,261
Total impaired loans	$	32,633	$	34,487	$	40,071
Quarter-to-date interest income recognized on impaired loans	$	241	$	237	$	332
Year-to-date interest income recognized on impaired loans	$	635	$	1,991	$	1,754
Quarter-to-date foregone interest income on impaired loans	$	309	$	323	$	353
Year-to-date foregone interest income on impaired loans	$	939	$	1,491	$	1,168

The following table presents an analysis of information pertaining to impaired loans, excluding purchased non-covered and covered loans as of September 30, 2015, December 31, 2014 and September 30, 2014:

	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Three Month Average Recorded Investment		Nine Month Average Recorded Investment
	(Dollars in Thousands)
As of September 30, 2015:
Commercial, financial & agricultural	$	3,761	$	471	$	1,762	$	2,233	$	528	$	3,289	$	2,458
Real estate – construction & development		3,757		230		2,361		2,591		731		2,503		3,384
Real estate – commercial & farmland		18,652		5,870		11,494		17,364		1,635		16,459		15,684
Real estate – residential		11,549		1,752		8,266		10,018		1,872		10,185		11,509
Consumer installment loans		524		-		426		426		7		483		487
Total	$	38,243	$	8,323	$	24,309	$	32,632	$	4,773	$	32,919	$	33,522

	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Three Month Average Recorded Investment		Twelve Month Average Recorded Investment
	(Dollars in Thousands)
As of December 31, 2014:
Commercial, financial & agricultural	$	3,387	$	6	$	1,956	$	1,962	$	395	$	2,457	$	3,021
Real estate – construction & development		8,325		448		4,005		4,453		771		4,703		5,368
Real estate – commercial & farmland		17,514		4,967		9,651		14,618		1,859		15,341		15,972
Real estate – residential		15,571		3,514		9,407		12,921		974		14,244		16,317
Consumer installment loans		618		-		533		533		9		527		519
Total	$	45,415	$	8,935	$	25,552	$	34,487	$	4,008	$	37,272	$	41,197

	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Three Month Average Recorded Investment		Nine Month Average Recorded Investment
	(Dollars in Thousands)
As of September 30, 2014:
Commercial, financial & agricultural	$	4,445	$	8	$	2,943	$	2,951	$	631	$	2,402	$	3,285
Real estate – construction & development		8,824		211		4,743		4,954		612		5,243		5,596
Real estate – commercial & farmland		18,955		7,311		8,753		16,064		1,698		16,242		16,312
Real estate – residential		18,251		5,635		9,946		15,581		1,286		15,356		17,169
Consumer installment loans		606		-		521		521		10		517		516
Total	$	51,081	$	13,165	$	26,906	$	40,071	$	4,237	$	39,760	$	42,878

Summary of Credit Quality Indicate Financial Receivable

The following table presents the loan portfolio, excluding purchased non-covered and covered loans, by risk grade as of September 30, 2015:

Risk Grade	Commercial, financial & agricultural		Real estate - construction & development		Real estate - commercial & farmland		Real estate - residential		Consumer installment loans		Other		Total
	(Dollars in Thousands)
10	$	222,693	$	294	$	116	$	1,490	$	6,688	$	-	$	231,281
15		23,807		2,150		123,515		83,361		1,352		-		234,185
20		99,414		45,091		645,949		327,576		19,302		10,692		1,148,024
23		645		7,754		11,792		6,240		46		-		26,477
25		75,635		159,944		250,575		90,320		3,168		-		579,642
30		2,378		2,035		9,762		7,811		204		-		22,190
40		3,175		3,530		26,119		15,487		537		-		48,848
50		-		-		-		-		2		-		2
60		-		-		-		-		-		-		-
Total	$	427,747	$	220,798	$	1,067,828	$	532,285	$	31,299	$	10,692	$	2,290,649

The following table presents the loan portfolio, excluding purchased non-covered and covered loans, by risk grade as of December 31, 2014:

Risk Grade	Commercial, financial & agricultural		Real estate - construction & development		Real estate - commercial & farmland		Real estate - residential		Consumer installment loans		Other		Total
	(Dollars in Thousands)
10	$	121,355	$	268	$	155	$	226	$	6,573	$	-	$	128,577
15		25,318		4,010		128,170		59,301		1,005		-		217,804
20		100,599		47,541		511,198		256,758		17,544		14,308		947,948
23		56		8,933		10,507		9,672		37		-		29,205
25		62,519		93,514		224,464		102,998		4,692		-		488,187
30		3,758		1,474		13,035		7,459		257		-		25,983
40		6,049		5,767		19,995		19,692		673		-		52,176
50		-		-		-		-		1		-		1
60		-		-		-		-		-		-		-
Total	$	319,654	$	161,507	$	907,524	$	456,106	$	30,782	$	14,308	$	1,889,881

The following table presents the loan portfolio, excluding purchased non-covered and covered loans, by risk grade as of September 30, 2014:

Risk Grade	Commercial, financial & agricultural		Real estate - construction & development		Real estate - commercial & farmland		Real estate - residential		Consumer installment loans		Other		Total
	(Dollars in Thousands)
10	$	114,298	$	171	$	251	$	479	$	6,287	$	-	$	121,486
15		29,665		4,114		136,303		51,508		1,124		-		222,714
20		110,337		50,427		478,551		241,457		17,700		9,583		908,055
23		186		9,292		9,574		9,469		305		-		28,826
25		73,251		83,245		217,226		105,635		4,842		-		484,199
30		3,438		1,781		16,217		10,060		254		-		31,750
40		3,608		5,285		23,950		17,907		890		-		51,640
50		-		-		88		-		-		-		88
60		-		-		-		-		1		-		1
Total	$	334,783	$	154,315	$	882,160	$	436,515	$	31,403	$	9,583	$	1,848,759

Summary of Troubled Debt Restructuring by Loan Class, Classified Separately under Restructured Terms

The following table presents the amount of troubled debt restructurings by loan class, excluding purchased non-covered and covered loans, classified separately as accrual and non-accrual at September 30, 2015, December 31, 2014 and September 30, 2014:

As of September 30, 2015	Accruing Loans				Non-Accruing Loans
			Balance				Balance
Loan class:	#		(in thousands)		#		(in thousands)
Commercial, financial & agricultural		4	$	238		8	$	68
Real estate – construction & development		12		838		2		30
Real estate – commercial & farmland		15		5,719		4		943
Real estate – residential		51		5,209		16		759
Consumer installment		15		71		18		64
Total		97	$	12,075		48	$	1,864

As of December 31, 2014	Accruing Loans				Non-Accruing Loans
			Balance				Balance
Loan class:	#		(in thousands)		#		(in thousands)
Commercial, financial & agricultural		6	$	290		2	$	13
Real estate – construction & development		9		679		5		228
Real estate – commercial & farmland		19		6,477		3		724
Real estate – residential		47		5,258		11		1,485
Consumer installment		11		55		11		73
Total		92	$	12,759		32	$	2,523

As of September 30, 2014	Accruing Loans				Non-Accruing Loans
			Balance				Balance
Loan class:	#		(in thousands)		#		(in thousands)
Commercial, financial & agricultural		4	$	257		4	$	507
Real estate – construction & development		11		1,917		4		196
Real estate – commercial & farmland		21		7,080		2		1,672
Real estate – residential		43		7,973		10		759
Consumer installment		9		34		12		93
Total		88	$	17,261		32	$	3,227

Troubled Debt Restructurings On Financing Receivables Payment Default

The following table presents the troubled debt restructurings by class that defaulted (defined as 30 days past due) during the nine months ending September 30, 2015 and 2014:

 

	September 30, 2015				September 30, 2014
			Balance				Balance
Loan class:	#		(in thousands)		#		(in thousands)
Commercial, financial & agricultural		4	$	18		-	$	-
Real estate – construction & development		2		34		1		33
Real estate – commercial & farmland		5		1,011		1		65
Real estate – residential		18		1,473		5		289
Consumer installment		9		32		4		62
Total		38	$	2,568		11	$	449

Purchased Non Covered Loans [Member]

Allowance for Credit Losses on Financing Receivables

Purchased non-covered loans are shown below according to major loan type as of the end of the periods shown:

(Dollars in Thousands)	September 30, 2015		December 31, 2014		September 30, 2014
Commercial, financial and agricultural	$	42,350	$	38,041	$	38,077
Real estate – construction and development		71,109		58,362		60,262
Real estate – commercial and farmland		385,032		306,706		296,790
Real estate – residential		263,312		266,342		273,347
Consumer installment		5,691		4,788		5,248
	$	767,494	$	674,239	$	673,724

Summary of Financial Receivable Nonaccrual Basis

The following table presents an analysis of purchased non-covered loans accounted for on a nonaccrual basis:

(Dollars in Thousands)	September 30, 2015		December 31, 2014		September 30, 2014
Commercial, financial and agricultural	$	214	$	175	$	54
Real estate – construction and development		916		1,119		1,969
Real estate – commercial and farmland		4,728		10,242		8,776
Real estate – residential		5,464		6,644		6,132
Consumer installment		52		69		76
	$	11,374	$	18,249	$	17,007

Summary of Past Due Financial Receivables

The following table presents an analysis of purchased non-covered past due loans as of September 30, 2015, December 31, 2014 and September 30, 2014:

	Loans 30-59 Days Past Due		Loans 60-89 Days Past Due		Loans 90 or More Days Past Due		Total Loans Past Due		Current Loans		Total Loans		Loans 90 Days or More Past Due  and Still Accruing
	(Dollars in Thousands)
As of September 30, 2015:
Commercial, financial & agricultural	$	140	$	11	$	112	$	263	$	42,087	$	42,350	$	-
Real estate – construction & development		322		-		459		781		70,328		71,109		-
Real estate – commercial & farmland		2,681		613		3,391		6,685		378,347		385,032		-
Real estate – residential		3,822		1,672		4,901		10,395		252,917		263,312		-
Consumer installment loans		5		-		49		54		5,637		5,691		-
Total	$	6,970	$	2,296	$	8,912	$	18,178	$	749,316	$	767,494	$	-

	Loans 30-59 Days Past Due		Loans 60-89 Days Past Due		Loans 90 or More Days Past Due		Total Loans Past Due		Current Loans		Total Loans		Loans 90 Days or More Past Due and Still Accruing
	(Dollars in Thousands)
As of December 30, 2014:
Commercial, financial & agricultural	$	461	$	90	$	175	$	726	$	37,315	$	38,041	$	-
Real estate – construction & development		790		1,735		1,117		3,642		54,720		58,362		-
Real estate – commercial & farmland		2,107		1,194		9,529		12,830		293,876		306,706		-
Real estate – residential		6,907		1,401		6,369		14,677		251,665		266,342		-
Consumer installment loans		82		-		65		147		4,641		4,788		-
Total	$	10,347	$	4,420	$	17,255	$	32,022	$	642,217	$	674,239	$	-

	Loans 30-59 Days Past Due		Loans 60-89 Days Past Due		Loans 90 or More Days Past Due		Total Loans Past Due		Current Loans		Total Loans		Loans 90 Days or More Past Due and Still Accruing
	(Dollars in Thousands)
As of September 30, 2014:
Commercial, financial & agricultural	$	33	$	46	$	55	$	134	$	37,943	$	38,077	$	-
Real estate – construction & development		520		135		3,069		3,724		56,538		60,262		1,100
Real estate – commercial & farmland		3,497		1,227		8,266		12,990		283,800		296,790		258
Real estate – residential		3,915		1,440		5,929		11,284		262,063		273,347		-
Consumer installment loans		36		5		76		117		5,131		5,248		-
Total	$	8,001	$	2,853	$	17,395	$	28,249	$	645,475	$	673,724	$	1,358

Summary of Impaired Financial Receivables

The following is a summary of information pertaining to purchased non-covered impaired loans:

	As of and For the Period Ended
	September 30, 2015		December 31, 2014		September 30, 2014
	(Dollars in Thousands)
Nonaccrual loans	$	11,374	$	18,249	$	17,007
Troubled debt restructurings not included above		7,188		1,212		583
Total impaired loans	$	18,562	$	19,461	$	17,590
Quarter-to-date interest income recognized on impaired loans	$	158	$	64	$	27
Year-to-date interest income recognized on impaired loans	$	342	$	132	$	68
Quarter-to-date foregone interest income on impaired loans	$	198	$	521	$	587
Year-to-date foregone interest income on impaired loans	$	1,121	$	1,759	$	1,239

The following table presents an analysis of information pertaining to purchased non-covered impaired loans as of September 30, 2015, December 31, 2014 and September 30, 2014:

	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Three Month Average Recorded Investment		Nine Month Average Recorded Investment
	(Dollars in Thousands)
As of September 30, 2015:
Commercial, financial & agricultural	$	1,137	$	214	$	-	$	214	$	-	$	262	$	224
Real estate – construction & development		9,211		1,268		-		1,268		-		1,563		1,419
Real estate – commercial & farmland		13,399		8,799		-		8,799		-		11,245		10,724
Real estate – residential		12,443		8,224		-		8,224		-		8,255		7,845
Consumer installment loans		74		57		-		57		-		76		63
Total	$	36,264	$	18,562	$	-	$	18,562	$	-	$	21,402	$	20,275

	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Three Month Average Recorded Investment		Twelve Month Average Recorded Investment
	(Dollars in Thousands)
As of December 31, 2014:
Commercial, financial & agricultural	$	1,366	$	175	$	-	$	175	$	-	$	277	$	165
Real estate – construction & development		5,161		1,436		-		1,436		-		2,242		1,643
Real estate – commercial & farmland		15,007		10,588		-		10,588		-		11,148		7,484
Real estate – residential		12,283		7,191		-		7,191		-		8,447		7,084
Consumer installment loans		172		71		-		71		-		124		68
Total	$	33,989	$	19,461	$	-	$	19,461	$	-	$	22,238	$	16,444

	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Three Month Average Recorded Investment		Nine Month Average Recorded Investment
	(Dollars in Thousands)
As of September 30, 2014:
Commercial, financial & agricultural	$	438	$	54	$	-	$	54	$	-	$	98	$	81
Real estate – construction & development		3,794		2,274		-		2,274		-		2,273		1,501
Real estate – commercial & farmland		12,354		8,776		-		8,776		-		7,712		5,976
Real estate – residential		9,610		6,407		-		6,407		-		6,533		6,233
Consumer installment loans		184		79		-		79		-		64		43
Total	$	26,380	$	17,590	$	-	$	17,590	$	-	$	16,680	$	13,834

Summary of Credit Quality Indicate Financial Receivable

The following table presents the purchased non-covered loan portfolio by risk grade as of September 30, 2015:

Risk Grade	Commercial, financial & agricultural		Real estate - construction & development		Real estate - commercial & farmland		Real estate - residential		Consumer installment loans		Other		Total
	(Dollars in Thousands)
10	$	8,741	$	-	$	-	$	-	$	1,060	$	-	$	9,801
15		1,229		1,805		8,440		38,643		789		-		50,906
20		10,982		13,518		187,329		133,914		2,291		-		348,034
23		-		230		4,079		6,303		-		-		10,612
25		17,873		48,137		159,816		63,049		1,397		-		290,272
30		2,379		3,418		12,997		7,609		55		-		26,458
40		1,116		4,001		12,371		13,794		99		-		31,381
50		30		-		-		-		-		-		30
60		-		-		-		-		-		-		-
Total	$	42,350	$	71,109	$	385,032	$	263,312	$	5,691	$	-	$	767,494

The following table presents the purchased non-covered loan portfolio by risk grade as of December 31, 2014:

Risk Grade	Commercial, financial & agricultural		Real estate - construction & development		Real estate - commercial & farmland		Real estate - residential		Consumer installment loans		Other		Total
	(Dollars in Thousands)
10	$	6,624	$	-	$	-	$	290	$	480	$	-	$	7,394
15		1,376		552		13,277		14,051		501		-		29,727
20		13,657		12,991		116,308		64,083		1,647		-		208,686
23		73		-		3,207		3,298		-		-		6,578
25		13,753		36,230		144,293		164,959		1,920		-		361,155
30		1,618		4,365		12,279		7,444		41		-		25,747
40		910		4,254		17,342		12,184		199		-		34,889
50		30		-		-		33		-		-		63
60		-		-		-		-		-		-		-
Total	$	38,041	$	58,362	$	306,706	$	266,342	$	4,788	$	-	$	674,239

The following table presents the purchased non-covered loan portfolio by risk grade as of September 30, 2014:

Risk Grade	Commercial, financial & agricultural		Real estate - construction & development		Real estate - commercial & farmland		Real estate - residential		Consumer installment loans		Other		Total
	(Dollars in Thousands)
10	$	3,187	$	-	$	-	$	292	$	486	$	-	$	3,965
15		5,023		447		14,136		15,336		519		-		35,461
20		11,230		12,345		90,915		64,178		2,034		-		180,702
23		8		-		-		1,208		-		-		1,216
25		16,467		38,426		167,458		175,313		2,065		-		399,729
30		1,494		2,164		9,300		7,071		19		-		20,048
40		668		6,880		14,981		9,915		121		-		32,565
50		-		-		-		34		4		-		38
60		-		-		-		-		-		-		-
Total	$	38,077	$	60,262	$	296,790	$	273,347	$	5,248	$	-	$	673,724

Summary of Troubled Debt Restructurings by Loan Class

The following table presents the purchased non-covered loans by class modified as troubled debt restructurings, which occurred during the nine months ending September 30, 2015 and 2014:

	September 30, 2015				September 30, 2014
			Balance				Balance
Loan class:	#		(in thousands)		#		(in thousands)
Commercial, financial & agricultural		1	$	1		-	$	-
Real estate – construction & development		2		30		1		305
Real estate – commercial & farmland		3		622		-		-
Real estate – residential		7		1,730		6		522
Consumer installment		3		8		1		3
Total		16	$	2,391		8	$	830

Summary of Troubled Debt Restructuring by Loan Class, Classified Separately under Restructured Terms

The following table presents the troubled debt restructurings by class that defaulted (defined as 30 days past due) during the nine months ending September 30, 2015 and 2014: 

	September 30, 2015				September 30, 2014
			Balance				Balance
Loan class:	#		(in thousands)		#		(in thousands)
Commercial, financial & agricultural		-	$	-		-	$	-
Real estate – construction & development		-		-		-		-
Real estate – commercial & farmland		-		-		-		-
Real estate – residential		2		618		-		-
Consumer installment		-		-		-		-
Total		2	$	618		-	$	-

Loans Excluding Purchased Non Covered And Covered Loan [Member]

Summary of Financial Receivable Nonaccrual Basis

The following table presents an analysis of loans accounted for on a nonaccrual basis, excluding purchased non-covered and covered loans:

(Dollars in Thousands)	September 30, 2015		December 31, 2014		September 30, 2014
Commercial, financial and agricultural	$	1,995	$	1,672	$	2,695
Real estate – construction and development		1,753		3,774		3,037
Real estate – commercial and farmland		11,645		8,141		8,983
Real estate – residential		4,810		7,663		7,608
Consumer installment		355		478		487
	$	20,558	$	21,728	$	22,810

Summary of Past Due Financial Receivables

The following table presents an aging analysis of loans, excluding purchased non-covered and covered past due loans as of September 30, 2015, December 31, 2014 and September 30, 2014:

	Loans 30-59 Days Past Due		Loans 60-89 Days Past Due		Loans 90 or More Days Past Due		Total Loans Past Due		Current Loans		Total Loans		Loans 90 Days or More Past Due and Still Accruing
	(Dollars in Thousands)
As of September 30, 2015:
Commercial, financial & agricultural	$	781	$	714	$	1,799	$	3,294	$	424,453	$	427,747	$	-
Real estate – construction & development		1,184		417		1,753		3,354		217,444		220,798		-
Real estate – commercial & farmland		4,275		399		8,082		12,756		1,055,072		1,067,828		-
Real estate – residential		6,424		1,558		4,247		12,229		520,056		532,285		-
Consumer installment loans		326		82		227		635		30,664		31,299		-
Other		-		-		-		-		10,692		10,692		-
Total	$	12,990	$	3,170	$	16,108	$	32,268	$	2,258,381	$	2,290,649	$	-

	Loans 30-59 Days Past Due		Loans 60-89 Days Past Due		Loans 90 or More Days Past Due		Total Loans Past Due		Current Loans		Total Loans		Loans 90 Days or More Past Due and Still Accruing
	(Dollars in Thousands)
As of December 31, 2014:
Commercial, financial & agricultural	$	900	$	233	$	1,577	$	2,710	$	316,944	$	319,654	$	-
Real estate – construction & development		1,382		286		3,367		5,035		156,472		161,507		-
Real estate – commercial & farmland		2,859		635		7,668		11,162		896,362		907,524		-
Real estate – residential		3,953		2,334		6,755		13,042		443,064		456,106		-
Consumer installment loans		634		158		366		1,158		29,624		30,782		1
Other		-		-		-		-		14,308		14,308		-
Total	$	9,728	$	3,646	$	19,733	$	33,107	$	1,856,774	$	1,889,881	$	1

	Loans 30-59 Days Past Due		Loans 60-89 Days Past Due		Loans 90 or More Days Past Due		Total Loans Past Due		Current Loans		Total Loans		Loans 90 Days or More Past Due and Still Accruing
	(Dollars in Thousands)
As of September 30, 2014:
Commercial, financial & agricultural	$	271	$	400	$	2,483	$	3,154	$	331,629	$	334,783	$	-
Real estate – construction & development		1,232		285		2,899		4,416		149,899		154,315		-
Real estate – commercial & farmland		3,025		484		8,918		12,427		869,733		882,160		-
Real estate – residential		4,416		2,085		7,303		13,804		422,711		436,515		-
Consumer installment loans		333		113		396		842		30,561		31,403		-
Other		-		-		-		-		9,583		9,583		-
Total	$	9,277	$	3,367	$	21,999	$	34,643	$	1,814,116	$	1,848,759	$	-

Summary of Troubled Debt Restructurings by Loan Class

The following table presents the loans by class modified as troubled debt restructurings, excluding purchased non-covered and covered loans, which occurred during the nine months ending September 30, 2015 and 2014: 

	September 30, 2015				September 30, 2014
			Balance				Balance
Loan class:	#		(in thousands)		#		(in thousands)
Commercial, financial & agricultural		4	$	26		4	$	62
Real estate – construction & development		2		15		5		264
Real estate – commercial & farmland		2		2,125		4		1,036
Real estate – residential		28		2,089		14		985
Consumer installment		13		47		13		50
Total		49	$	4,302		40	$	2,397

Covered Loans [Member]

Summary of Financial Receivable Nonaccrual Basis

The following table presents an analysis of covered loans accounted for on a nonaccrual basis:

(Dollars in Thousands)	September 30, 2015		December 31, 2014		September 30, 2014
Commercial, financial and agricultural	$	7,916	$	8,541	$	8,441
Real estate – construction and development		2,934		7,601		8,896
Real estate – commercial and farmland		18,164		12,584		14,617
Real estate – residential		3,979		6,595		7,227
Consumer installment		91		91		102
	$	33,084	$	35,412	$	39,283

Summary of Past Due Financial Receivables

The following table presents an aging analysis of covered loans as of September 30, 2015, December 31, 2014 and September 30, 2014:

	Loans 30-59 Days Past Due		Loans 60-89 Days Past Due		Loans 90 or More Days Past Due		Total Loans Past Due		Current Loans		Total Loans		Loans 90 Days or More Past Due and Still Accruing
	(Dollars in Thousands)
As of September 30, 2015:
Commercial, financial & agricultural	$	40	$	48	$	7,886	$	7,974	$	5,375	$	13,349	$	-
Real estate – construction & development		1,548		68		2,408		4,024		10,242		14,266		-
Real estate – commercial & farmland		1,003		550		6,573		8,126		95,273		103,399		-
Real estate – residential		2,612		783		2,140		5,535		54,300		59,835		-
Consumer installment loans		-		-		49		49		123		172		-
Total	$	5,203	$	1,449	$	19,056	$	25,708	$	165,313	$	191,021	$	-

	Loans 30-59 Days Past Due		Loans 60-89 Days Past Due		Loans 90 or More Days Past Due		Total Loans Past Due		Current Loans		Total Loans		Loans 90 Days or More Past Due and Still Accruing
	(Dollars in Thousands)
As of December 31, 2014:
Commercial, financial & agricultural	$	451	$	136	$	1,878	$	2,465	$	19,002	$	21,467	$	-
Real estate – construction & development		238		226		6,703		7,167		16,280		23,447		-
Real estate – commercial & farmland		4,371		1,486		7,711		13,568		134,059		147,627		714
Real estate – residential		3,464		962		5,656		10,082		68,438		78,520		-
Consumer installment loans		10		-		91		101		117		218		-
Total	$	8,534	$	2,810	$	22,039	$	33,383	$	237,896	$	271,279	$	714

	Loans 30-59 Days Past Due		Loans 60-89 Days Past Due		Loans 90 or More Days Past Due		Total Loans Past Due		Current Loans		Total Loans		Loans 90 Days or More Past Due and Still Accruing
	(Dollars in Thousands)
As of September 30, 2014:
Commercial, financial & agricultural	$	568	$	188	$	1,978	$	2,734	$	19,811	$	22,545	$	-
Real estate – construction & development		632		72		8,659		9,363		18,393		27,756		-
Real estate – commercial & farmland		7,100		322		8,930		16,352		164,214		180,566		305
Real estate – residential		2,694		1,473		5,563		9,730		72,715		82,445		65
Consumer installment loans		2		7		101		110		167		277		-
Total	$	10,996	$	2,062	$	25,231	$	38,289	$	275,300	$	313,589	$	370

Summary of Impaired Financial Receivables

The following is a summary of information pertaining to covered impaired loans:

	As of and For the Period Ended
	September 30, 2015		December 31, 2014		September 30, 2014
	(Dollars in Thousands)
Nonaccrual loans	$	33,084	$	35,412	$	39,283
Troubled debt restructurings not included above		16,576		22,619		22,757
Total impaired loans	$	49,660	$	58,031	$	62,040
Quarter-to-date interest income recognized on impaired loans	$	268	$	443	$	420
Year-to-date interest income recognized on impaired loans	$	732	$	2,057	$	1,614
Quarter-to-date foregone interest income on impaired loans	$	468	$	571	$	660
Year-to-date foregone interest income on impaired loans	$	1,416	$	3,123	$	2,552

The following table presents an analysis of information pertaining to covered impaired loans as of September 30, 2015, December 31, 2014 and September 30, 2014:

	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Three Month Average Recorded Investment		Nine Month Average Recorded Investment
	(Dollars in Thousands)
As of September 30, 2015:
Commercial, financial & agricultural	$	11,794	$	7,918	$	-	$	7,918	$	-	$	8,625	$	8,560
Real estate – construction & development		29,596		5,780		-		5,780		-		6,166		8,013
Real estate – commercial & farmland		41,724		21,265		-		21,265		-		20,697		21,380
Real estate – residential		18,097		14,605		-		14,605		-		14,881		16,465
Consumer installment loans		126		92		-		92		-		101		96
Total	$	101,337	$	49,660	$	-	$	49,660	$	-	$	50,470	$	54,514

	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Three Month Average Recorded Investment		Twelve Month Average Recorded Investment
	(Dollars in Thousands)
As of December 31, 2014:
Commercial, financial & agricultural	$	14,385	$	8,582	$	-	$	8,582	$	-	$	8,525	$	9,325
Real estate – construction & development		27,289		10,638		-		10,638		-		11,279		13,935
Real estate – commercial & farmland		31,309		20,663		-		20,663		-		21,890		28,057
Real estate – residential		22,860		18,054		-		18,054		-		18,242		20,776
Consumer installment loans		124		94		-		94		-		100		160
Total	$	95,967	$	58,031	$	-	$	58,031	$	-	$	60,036	$	72,253

	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Three Month Average Recorded Investment		Nine Month Average Recorded Investment
	(Dollars in Thousands)
As of September 30, 2014:
Commercial, financial & agricultural	$	11,356	$	8,467	$	-	$	8,467	$	-	$	10,367	$	9,511
Real estate – construction & development		13,268		11,920		-		11,920		-		11,484		14,760
Real estate – commercial & farmland		26,624		23,118		-		23,118		-		23,562		29,904
Real estate – residential		20,331		18,430		-		18,430		-		19,112		21,456
Consumer installment loans		134		105		-		105		-		116		177
Total	$	71,713	$	62,040	$	-	$	62,040	$	-	$	64,641	$	75,808

Summary of Credit Quality Indicate Financial Receivable

The following table presents the covered loan portfolio by risk grade as of September 30, 2015:

Risk Grade	Commercial, financial & agricultural		Real estate - construction & development		Real estate - commercial & farmland		Real estate - residential		Consumer installment loans		Other		Total
	(Dollars in Thousands)
10	$	-	$	-	$	-	$	-	$	-	$	-	$	-
15		-		-		478		115		-		-		593
20		327		1,147		16,211		12,304		42		-		30,031
23		53		-		4,783		6,396		-		-		11,232
25		4,476		8,241		53,126		27,795		37		-		93,675
30		4,060		1,965		5,539		5,481		-		-		17,045
40		4,431		2,913		23,262		7,744		93		-		38,443
50		-		-		-		-		-		-		-
60		2		-		-		-		-		-		2
Total	$	13,349	$	14,266	$	103,399	$	59,835	$	172	$	-	$	191,021

The following table presents the covered loan portfolio by risk grade as of December 31, 2014:

Risk Grade	Commercial, financial & agricultural		Real estate - construction & development		Real estate - commercial & farmland		Real estate - residential		Consumer installment loans		Other		Total
	(Dollars in Thousands)
10	$	-	$	-	$	-	$	-	$	-	$	-	$	-
15		-		1		761		525		-		-		1,287
20		917		3,184		23,167		14,089		77		-		41,434
23		164		537		11,404		6,642		-		-		18,747
25		5,181		9,406		80,334		33,124		37		-		128,082
30		4,808		2,753		5,302		8,050		-		-		20,913
40		10,397		7,566		26,659		16,090		104		-		60,816
50		-		-		-		-		-		-		-
60		-		-		-		-		-		-		-
Total	$	21,467	$	23,447	$	147,627	$	78,520	$	218	$	-	$	271,279

The following table presents the covered loan portfolio by risk grade as of September 30, 2014:

Risk Grade	Commercial, financial & agricultural		Real estate - construction & development		Real estate - commercial & farmland		Real estate - residential		Consumer installment loans		Other		Total
	(Dollars in Thousands)
10	$	-	$	-	$	-	$	-	$	-	$	-	$	-
15		-		2		795		531		-		-		1,328
20		1,302		3,380		33,200		15,957		71		-		53,910
23		145		547		14,640		5,815		-		-		21,147
25		5,687		11,725		89,201		35,344		41		-		141,998
30		4,827		3,006		8,808		8,649		43		-		25,333
40		10,584		9,096		33,922		16,149		122		-		69,873
50		-		-		-		-		-		-		-
60		-		-		-		-		-		-		-
Total	$	22,545	$	27,756	$	180,566	$	82,445	$	277	$	-	$	313,589

Summary of Troubled Debt Restructurings by Loan Class

The following table presents the amount of troubled debt restructurings by loan class of covered loans, classified separately as accrual and non-accrual at September 30, 2015, December 31, 2014 and September 30, 2014:

As of September 30, 2015	Accruing Loans				Non-Accruing Loans
			Balance					Balance
Loan class:	#		(in thousands)			#		(in thousands)
Commercial, financial & agricultural		1	$	2			2	$	-
Real estate – construction & development		3		2,847			3		325
Real estate – commercial & farmland		9		3,101			8		2,449
Real estate – residential		96		10,625			17		1,167
Consumer installment		1		1			-		-
Total		110	$	16,576			30	$	3,941

As of December 31, 2014	Accruing Loans				Non-Accruing Loans
			Balance				Balance
Loan class:	#		(in thousands)		#		(in thousands)
Commercial, financial & agricultural		2	$	40		2	$	-
Real estate – construction & development		4		3,037		2		29
Real estate – commercial & farmland		14		8,079		5		1,082
Real estate – residential		96		11,460		8		831
Consumer installment		1		3		-		-
Total		117	$	22,619		17	$	1,942

As of September 30, 2014	Accruing Loans				Non-Accruing Loans
			Balance				Balance
Loan class:	#		(in thousands)		#		(in thousands)
Commercial, financial & agricultural		1	$	26		1	$	3
Real estate – construction & development		3		3,024		3		56
Real estate – commercial & farmland		15		8,501		6		1,225
Real estate – residential		94		11,202		13		965
Consumer installment		1		4		-		-
Total		114	$	22,757		23	$	2,249

Summary of Troubled Debt Restructuring by Loan Class, Classified Separately under Restructured Terms

The following table presents the troubled debt restructurings by class that defaulted (defined as 30 days past due) during the nine months ending September 30, 2015 and 2014:

	September 30, 2015				September 30, 2014
			Balance				Balance
Loan class:	#		(in thousands)		#		(in thousands)
Commercial, financial & agricultural		-	$	-		-	$	-
Real estate – construction & development		-		-		1		14
Real estate – commercial & farmland		3		177		2		227
Real estate – residential		9		1,088		12		1,060
Consumer installment		-		-		-		-
Total		12	$	1,265		15	$	1,301

Financing Receivable Troubled Debt Restructuring [Member]

Summary of Financial Receivable Nonaccrual Basis

The following table presents the covered loans by class modified as troubled debt restructurings, during the nine months ending September 30, 2015 and 2014: 

	September 30, 2015				September 30, 2014
			Balance				Balance
Loan class:	#		(in thousands)		#		(in thousands)
Commercial, financial & agricultural		1	$	-		-	$	-
Real estate – construction & development		2		312		2		26
Real estate – commercial & farmland		5		1,492		7		2,550
Real estate – residential		12		679		26		1,677
Consumer installment		-		-		-		-
Total		20	$	2,483		35	$	4,253

Accrual And Non Accrual [Member] | Purchased Non Covered Loans [Member]

Summary of Troubled Debt Restructurings by Loan Class

The following table presents the amount of troubled debt restructurings by loan class of purchased non-covered loans, classified separately as accrual and non-accrual at September 30, 2015, December 31, 2014 and September 30, 2014:

As of September 30, 2015	Accruing Loans				Non-Accruing Loans
			Balance				Balance
Loan class:	#		(in thousands)		#		(in thousands)
Commercial, financial & agricultural		-	$	-		1	$	1
Real estate – construction & development		1		351		2		30
Real estate – commercial & farmland		6		4,071		1		36
Real estate – residential		13		2,761		3		397
Consumer installment		2		5		2		3
Total		22	$	7,188		9	$	467

As of December 31, 2014	Accruing Loans				Non-Accruing Loans
			Balance				Balance
Loan class:	#		(in thousands)		#		(in thousands)
Commercial, financial & agricultural		-	$	-		-	$	-
Real estate – construction & development		1		317		-		-
Real estate – commercial & farmland		1		346		-		-
Real estate – residential		6		547		1		25
Consumer installment		1		2		-		-
Total		9	$	1,212		1	$	25

As of September 30, 2014	Accruing Loans				Non-Accruing Loans
			Balance				Balance
Loan class:	#		(in thousands)		#		(in thousands)
Commercial, financial & agricultural		-	$	-		-	$	-
Real estate – construction & development		1		305		-		-
Real estate – commercial & farmland		-		-		-		-
Real estate – residential		4		275		2		247
Consumer installment		1		3		-		-
Total		6	$	583		2	$	247