LOANS (Tables)

3 Months Ended

Mar. 31, 2016

Schedule of Accounts Notes Loans and Financial Receivables

Balances within the major loan categories are presented in the following table:  

	March 31,		December 31,		March 31,
(Dollars in Thousands)	2016		2015		2015
Commercial, financial and agricultural	$	434,073	$	449,623	$	334,917
Real estate – construction and development		264,820		244,693		178,568
Real estate – commercial and farmland		1,154,887		1,104,991		947,274
Real estate – residential		629,138		570,430		496,043
Consumer installment		31,901		31,125		29,113
Other		13,188		6,015		13,505
	$	2,528,007	$	2,406,877	$	1,999,420

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:

	March 31,		December 31,		March 31,
(Dollars in Thousands)	2016		2015		2015
Commercial, financial and agricultural	$	4,739	$	5,546	$	20,905
Real estate – construction and development		7,205		7,612		19,519
Real estate – commercial and farmland		67,055		71,226		130,290
Real estate – residential		51,176		53,038		74,847
Consumer installment		104		107		184
	$	130,279	$	137,529	$	245,745

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 months ended March 31, 2016, the year ended December 31, 2015 and the three months ended March 31, 2015. 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
Three months ended March 31, 2016:
Balance, January 1, 2016	$	1,144	$	5,009	$	7,994	$	4,760	$	1,574	$	581	$	-	$	21,062
Provision for loan losses		788		(1,051)		(669)		25		399		828		361		681
Loans charged off		(406)		(155)		(347)		(468)		(59)		(307)		(72)		(1,814)
Recoveries of loans previously charged off		73		122		121		314		25		658		240		1,553
Balance, March 31, 2016	$	1,599	$	3,925	$	7,099	$	4,631	$	1,939	$	1,760	$	529	$	21,482
Period-end amount allocated to:
Loans individually evaluated for impairment	$	400	$	733	$	873	$	2,153	$	-	$	454	$	529	$	5,142
Loans collectively evaluated for impairment		1,199		3,192		6,226		2,478		1,939		1,306		-		16,340
Ending balance	$	1,599	$	3,925	$	7,099	$	4,631	$	1,939	$	1,760	$	529	$	21,482
Loans:
Individually evaluated for impairment	$	799	$	1,604	$	12,050	$	9,540	$	-	$	17,032	$	21,429	$	62,454
Collectively evaluated for impairment		433,274		263,216		1,142,837		619,598		45,089		1,635,551		28,937		4,168,502
Acquired with deteriorated credit quality		-		-		-		-		-		134,070		79,913		213,983
Ending balance	$	434,073	$	264,820	$	1,154,887	$	629,138	$	45,089	$	1,786,653	$	130,279	$	4,444,939

	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)
Twelve months ended December 31, 2015:
Balance, January 1, 2015	$	2,004	$	5,030	$	8,823	$	4,129	$	1,171	$	-	$	-	$	21,157
Provision for loan losses		(73)		278		1,221		2,067		676		344		751		5,264
Loans charged off		(1,438)		(622)		(2,367)		(1,587)		(410)		(950)		(1,759)		(9,133)
Recoveries of loans previously charged off		651		323		317		151		137		1,187		1,008		3,774
Balance, December 31, 2015	$	1,144	$	5,009	$	7,994	$	4,760	$	1,574	$	581	$	-	$	21,062
Period-end amount allocated to:
Loans individually evaluated for impairment	$	126	$	759	$	1,074	$	2,172	$	-	$	-	$	-	$	4,131
Loans collectively evaluated for impairment		1,018		4,250		6,920		2,588		1,574		581		-		16,931
Ending balance	$	1,144	$	5,009	$	7,994	$	4,760	$	1,574	$	581	$	-	$	21,062
Loans:
Individually evaluated for impairment	$	323	$	1,958	$	11,877	$	9,554	$	-	$	-	$	-	$	23,712
Collectively evaluated for impairment		449,300		242,735		1,093,114		560,876		37,140		1,261,821		52,451		3,697,437
Acquired with deteriorated credit quality		-		-		-		-		-		102,696		85,078		187,774
Ending balance	$	449,623	$	244,693	$	1,104,991	$	570,430	$	37,140	$	1,364,517	$	137,529	$	3,908,923

	Commercial,  financial &  agricultural		Real estate –  construction &  development		Real estate –  commercial &  farmland		Real estate -  residential		Consumer  installment  loans and  Other		Purchased  non-covered  loans		Covered  loans		Total
	(Dollars in Thousands)
Three months ended March 31, 2015:
Balance, January 1, 2015	$	2,004	$	5,030	$	8,823	$	4,129	$	1,171	$	-	$	-	$	21,157
Provision for loan losses		(498)		347		(56)		1,090		217		(432)		401		1,069
Loans charged off		(392)		(97)		(12)		(268)		(86)		(230)		(563)		(1,648)
Recoveries of loans previously charged off		285		31		15		57		62		662		162		1,274
Balance, March 31, 2015	$	1,399	$	5,311	$	8,770	$	5,008	$	1,364	$	-	$	-	$	21,852
Period-end amount allocated to:
Loans individually evaluated for impairment	$	230	$	627	$	2,123	$	1,837	$	-	$	-	$	-	$	4,817
Loans collectively evaluated for impairment		1,169		4,684		6,647		3,171		1,364		-		-		17,035
Ending balance	$	1,399	$	5,311	$	8,770	$	5,008	$	1,364	$	-	$	-	$	21,852
Loans:
Individually evaluated for impairment	$	324	$	2,982	$	14,557	$	11,124	$	-	$	-	$	-	$	28,987
Collectively evaluated for impairment		334,593		175,586		932,717		484,919		42,618		552,837		108,113		2,631,383
Acquired with deteriorated credit quality		-		-		-		-		-		90,255		137,632		227,887
Ending balance	$	334,917	$	178,568	$	947,274	$	496,043	$	42,618	$	643,092	$	245,745	$	2,888,257

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:

	March 31,		December 31,		March 31,
(Dollars in Thousands)	2016		2015		2015
Commercial, financial and agricultural	$	1,266	$	1,302	$	1,015
Real estate – construction and development		1,776		1,812		3,286
Real estate – commercial and farmland		7,067		7,019		7,893
Real estate – residential		5,191		6,278		8,246
Consumer installment		400		449		401
	$	15,700	$	16,860	$	20,841

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 March 31, 2016:

	Commercial,		Real estate -		Real estate -
Risk	financial &		construction &		commercial &		Real estate -		Consumer
Grade	agricultural		development		farmland		residential		installment loans		Other		Total
	(Dollars in Thousands)
10	$	243,355	$	-	$	2,316	$	1,479	$	7,053	$	-	$	254,203
15		22,705		4,170		112,167		73,341		1,127		-		213,510
20		90,196		58,014		729,346		434,434		20,872		13,188		1,346,050
23		581		7,414		10,040		6,813		199		-		25,047
25		72,557		188,385		275,297		89,834		1,969		-		628,042
30		1,908		3,829		10,517		5,730		157		-		22,141
40		2,771		3,008		15,204		17,507		523		-		39,013
50		-		-		-		-		-		-		-
60		-		-		-		-		1		-		1
Total	$	434,073	$	264,820	$	1,154,887	$	629,138	$	31,901	$	13,188	$	2,528,007

The following table presents the loan portfolio, excluding purchased non-covered and covered loans, by risk grade as of December 31, 2015:

	Commercial,		Real estate -		Real estate -
Risk	financial &		construction &		commercial &		Real estate -		Consumer
Grade	agricultural		development		farmland		Residential		installment loans		Other		Total
	(Dollars in Thousands)
10	$	241,721	$	294	$	116	$	1,606	$	6,872	$	-	$	250,609
15		28,420		2,074		117,880		78,165		1,191		-		227,730
20		97,142		46,221		685,538		369,624		19,780		6,015		1,224,320
23		559		7,827		13,073		6,112		36		-		27,607
25		77,829		183,512		254,012		91,465		2,595		-		609,413
30		1,492		1,620		13,821		7,347		143		-		24,423
40		2,460		3,145		20,551		16,111		506		-		42,773
50		-		-		-		-		-		-		-
60		-		-		-		-		2		-		2
Total	$	449,623	$	244,693	$	1,104,991	$	570,430	$	31,125	$	6,015	$	2,406,877

The following table presents the loan portfolio, excluding purchased non-covered and covered loans, by risk grade as of March 31, 2015:

	Commercial,		Real estate -		Real estate -
Risk	financial &		construction &		commercial &		Real estate -		Consumer
Grade	agricultural		development		farmland		Residential		installment loans		Other		Total
	(Dollars in Thousands)
10	$	147,820	$	1,751	$	152	$	1,727	$	6,011	$	-	$	157,461
15		24,619		3,504		119,032		57,583		1,191		-		205,929
20		90,407		47,148		541,490		303,463		16,720		13,505		1,012,733
23		981		8,521		11,934		7,141		66		-		28,643
25		60,018		110,570		238,026		100,175		4,222		-		513,011
30		3,911		1,890		11,364		8,007		289		-		25,461
40		7,161		5,184		25,276		17,947		610		-		56,178
50		-		-		-		-		4		-		4
60		-		-		-		-		-		-		-
Total	$	334,917	$	178,568	$	947,274	$	496,043	$	29,113	$	13,505	$	1,999,420

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 nonaccrual at March 31, 2016, December 31, 2015 and March 31, 2015:

As of March 31, 2016	Accruing Loans				Non-Accruing Loans
			Balance				Balance
Loan class:	#		(in thousands)		#		(in thousands)
Commercial, financial & agricultural		5	$	279		10	$	75
Real estate – construction & development		9		476		2		30
Real estate – commercial & farmland		17		5,945		3		1,871
Real estate – residential		52		7,648		19		1,040
Consumer installment		10		37		21		87
Total		93	$	14,385		55	$	3,103

As of December 31, 2015	Accruing Loans				Non-Accruing Loans
			Balance				Balance
Loan class:	#		(in thousands)		#		(in thousands)
Commercial, financial & agricultural		4	$	240		10	$	110
Real estate – construction & development		11		792		3		63
Real estate – commercial & farmland		16		5,766		3		596
Real estate – residential		51		7,574		20		1,123
Consumer installment		12		46		23		94
Total		94	$	14,418		59	$	1,986

As of March 31, 2015	Accruing Loans				Non-Accruing Loans
			Balance				Balance
Loan class:	#		(in thousands)		#		(in thousands)
Commercial, financial & agricultural		5	$	277		3	$	17
Real estate – construction & development		9		789		4		90
Real estate – commercial & farmland		20		7,309		1		64
Real estate – residential		42		4,513		11		736
Consumer installment		10		47		15		90
Total		86	$	12,935		34	$	997

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 three months ending March 31, 2016 and 2015:

	March 31, 2016				March 31, 2015
			Balance				Balance
Loan class:	#		(in thousands)		#		(in thousands)
Commercial, financial & agricultural		2	$	7		1	$	5
Real estate – construction & development		1		18		-		-
Real estate – commercial & farmland		1		194		3		746
Real estate – residential		9		563		6		748
Consumer installment		1		11		4		20
Total		14	$	793		14	$	1,519

Purchased Non Covered Loans [Member]

Summary of Carrying Value of Purchased Non-Covered Loans According to Loan Type

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

	March 31,		December 31,		March 31,
(Dollars in Thousands)	2016		2015		2015
Commercial, financial and agricultural	$	111,537	$	45,462	$	36,258
Real estate – construction and development		103,753		72,080		53,668
Real estate – commercial and farmland		598,935		390,755		291,760
Real estate – residential		309,770		258,153		257,216
Consumer installment		5,924		5,104		4,190
	$	1,129,919	$	771,554	$	643,092

Summary of Financial Receivable Nonaccrual Basis

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

	March 31,		December 31,		March 31,
(Dollars in Thousands)	2016		2015		2015
Commercial, financial and agricultural	$	660	$	1,064	$	198
Real estate – construction and development		1,620		1,106		785
Real estate – commercial and farmland		10,895		4,920		9,096
Real estate – residential		5,925		6,168		7,202
Consumer installment		87		72		27
	$	19,187	$	13,330	$	17,308

Summary of Past Due Financial Receivables

The following table presents an analysis of purchased non-covered past-due loans as of March 31, 2016, December 31, 2015 and March 31, 2015:

													Loans 90
													Days or
	Loans		Loans		Loans 90								More Past
	30-59		60-89		or More		Total						Due  and
	Days Past		Days		Days Past		Loans		Current		Total		Still
	Due		Past Due		Due		Past Due		Loans		Loans		Accruing
	(Dollars in Thousands)
As of March 31, 2016:
Commercial, financial & agricultural	$	172	$	73	$	445	$	690	$	110,847	$	111,537	$	-
Real estate – construction & development		1,481		32		1,149		2,662		101,091		103,753		-
Real estate – commercial & farmland		2,204		488		9,126		11,818		587,117		598,935		-
Real estate – residential		2,951		2,172		4,652		9,775		299,995		309,770		-
Consumer installment loans		4		-		66		70		5,854		5,924		-
Total	$	6,812	$	2,765	$	15,438	$	25,015	$	1,104,904	$	1,129,919	$	-

													Loans 90
													Days or
	Loans		Loans		Loans 90								More Past
	30-59		60-89		or More		Total						Due  and
	Days Past		Days		Days Past		Loans		Current		Total		Still
	Due		Past Due		Due		Past Due		Loans		Loans		Accruing
	(Dollars in Thousands)
As of December 30, 2015:
Commercial, financial & agricultural	$	248	$	13	$	846	$	1,107	$	44,355	$	45,462	$	-
Real estate – construction & development		416		687		420		1,523		70,557		72,080		-
Real estate – commercial & farmland		2,479		1,629		3,347		7,455		383,300		390,755		-
Real estate – residential		4,965		2,176		4,928		12,069		246,084		258,153		-
Consumer installment loans		31		9		70		110		4,994		5,104		-
Total	$	8,139	$	4,514	$	9,611	$	22,264	$	749,290	$	771,554	$	-

													Loans 90
													Days or
	Loans		Loans		Loans 90								More Past
	30-59		60-89		or More		Total						Due and
	Days Past		Days		Days Past		Loans		Current		Total		Still
	Due		Past Due		Due		Past Due		Loans		Loans		Accruing
	(Dollars in Thousands)
As of March 31, 2015:
Commercial, financial & agricultural	$	216	$	-	$	85	$	301	$	35,957	$	36,258	$	-
Real estate – construction & development		393		17		766		1,176		52,492		53,668		-
Real estate – commercial & farmland		1,611		831		8,495		10,937		280,823		291,760		-
Real estate – residential		3,113		2,454		6,490		12,057		245,159		257,216		-
Consumer installment loans		100		-		19		119		4,071		4,190		-
Total	$	5,433	$	3,302	$	15,855	$	24,590	$	618,502	$	643,092	$	-

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
	March 31,		December 31,		March 31,
	2016		2015		2015
	(Dollars in Thousands)
Nonaccrual loans	$	19,187	$	13,330	$	17,308
Troubled debt restructurings not included above		9,193		9,373		1,526
Total impaired loans	$	28,380	$	22,703	$	18,834
Interest income recognized on impaired loans	$	357	$	785	$	18
Foregone interest income on impaired loans	$	356	$	1,365	$	21

The following table presents an analysis of information pertaining to impaired purchased non-covered loans as of March 31, 2016, December 31, 2015 and March 31, 2015:

	Unpaid		Recorded		Recorded
	Contractual		Investment		Investment		Total				Average
	Principal		With No		With		Recorded		Related		Recorded
	Balance		Allowance		Allowance		Investment		Allowance		Investment
	(Dollars in Thousands)
As of March 31, 2016:
Commercial, financial & agricultural	$	2,632	$	236	$	426	$	662	$	-	$	864
Real estate – construction & development		3,599		892		1,237		2,129		2		1,799
Real estate – commercial & farmland		15,358		8,480		8,694		17,174		182		14,154
Real estate – residential		9,774		1,648		6,675		8,323		270		8,640
Consumer installment loans		87		92		-		92		-		85
Total	$	31,450	$	11,348	$	17,032	$	28,380	$	454	$	25,542

	Unpaid		Recorded		Recorded
	Contractual		Investment		Investment		Total				Average
	Principal		With No		With		Recorded		Related		Recorded
	Balance		Allowance		Allowance		Investment		Allowance		Investment
	(Dollars in Thousands)
As of December 31, 2015:
Commercial, financial & agricultural	$	3,103	$	1,066	$	-	$	1,066	$	-	$	392
Real estate – construction & development		8,987		1,469		-		1,469		-		1,429
Real estate – commercial & farmland		14,999		11,134		-		11,134		-		10,806
Real estate – residential		14,946		8,957		-		8,957		-		8,067
Consumer installment loans		94		77		-		77		-		65
Total	$	42,129	$	22,703	$	-	$	22,703	$	-	$	20,759

	Unpaid		Recorded		Recorded
	Contractual		Investment		Investment		Total				Average
	Principal		With No		With		Recorded		Related		Recorded
	Balance		Allowance		Allowance		Investment		Allowance		Investment
	(Dollars in Thousands)
As of March 31, 2015:
Commercial, financial & agricultural	$	1,331	$	198	$	-	$	198	$	-	$	187
Real estate – construction & development		2,153		1,113		-		1,113		-		1,275
Real estate – commercial & farmland		13,911		9,816		-		9,816		-		10,202
Real estate – residential		12,183		7,679		-		7,679		-		7,435
Consumer installment loans		38		28		-		28		-		50
Total	$	29,616	$	18,834	$	-	$	18,834	$	-	$	19,148

Summary of Credit Quality Indicate Financial Receivable

The following table presents the purchased non-covered loan portfolio by risk grade as of March 31, 2016:

	Commercial,		Real estate -		Real estate -
Risk	financial &		construction &		commercial &		Real estate -		Consumer
Grade	agricultural		development		farmland		residential		installment loans		Other		Total
	(Dollars in Thousands)
10	$	9,306	$	-	$	-	$	138	$	1,061	$	-	$	10,505
15		1,206		1,135		9,302		35,904		682		-		48,229
20		20,666		13,477		188,912		119,213		2,211		-		344,479
23		-		4,334		9,773		13,338		-		-		27,445
25		73,016		73,700		343,928		115,422		1,772		-		607,838
30		5,308		7,948		25,615		11,613		33		-		50,517
40		2,003		3,159		21,405		14,142		165		-		40,874
50		30		-		-		-		-		-		30
60		2		-		-		-		-		-		2
Total	$	111,537	$	103,753	$	598,935	$	309,770	$	5,924	$	-	$	1,129,919

The following table presents the purchased non-covered loan portfolio by risk grade as of December 31, 2015:

	Commercial,		Real estate -		Real estate -
Risk	financial &		construction &		commercial &		Real estate -		Consumer
Grade	agricultural		development		farmland		residential		installment loans		Other		Total
	(Dollars in Thousands)
10	$	8,592	$	-	$	-	$	-	$	1,010	$	-	$	9,602
15		1,186		1,143		10,490		37,808		541		-		51,168
20		10,057		13,678		183,219		128,005		2,031		-		336,990
23		-		438		5,177		6,414		-		-		12,029
25		17,565		47,517		162,253		66,166		1,328		-		294,829
30		6,657		4,185		14,297		5,503		51		-		30,693
40		1,373		5,119		15,319		14,257		143		-		36,211
50		30		-		-		-		-		-		30
60		2		-		-		-		-		-		2
Total	$	45,462	$	72,080	$	390,755	$	258,153	$	5,104	$	-	$	771,554

The following table presents the purchased non-covered loan portfolio by risk grade as of March 31, 2015:

	Commercial,		Real estate -		Real estate -
Risk	financial &		construction &		commercial &		Real estate -		Consumer
Grade	agricultural		development		farmland		residential		installment loans		Other		Total
	(Dollars in Thousands)
10	$	6,696	$	-	$	-	$	289	$	459	$	-	$	7,444
15		995		641		9,396		12,136		472		-		23,640
20		13,751		13,746		115,359		62,056		1,568		-		206,480
23		73		-		3,174		6,777		-		-		10,024
25		12,585		31,512		136,581		155,187		1,521		-		337,386
30		958		3,564		9,404		8,332		65		-		22,323
40		1,170		4,205		17,846		12,417		105		-		35,743
50		30		-		-		22		-		-		52
60		-		-		-		-		-		-		-
Total	$	36,258	$	53,668	$	291,760	$	257,216	$	4,190	$	-	$	643,092

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 three months ending March 31, 2016 and 2015:

	March 31, 2016				March 31, 2015
			Balance				Balance
Loan class:	#		(in thousands)		#		(in thousands)
Commercial, financial & agricultural		-	$	-		1	$	1
Real estate – construction & development		-		-		-		-
Real estate – commercial & farmland		1		29		-		-
Real estate – residential		1		465		-		-
Consumer installment		-		-		1		4
Total		2	$	494		2	$	5

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 three months ending March 31, 2016 and 2015:

	March 31, 2016				March 31, 2015
			Balance				Balance
Loan class:	#		(in thousands)		#		(in thousands)
Commercial, financial & agricultural		-	$	-		-	$	-
Real estate – construction & development		1		12		1		328
Real estate – commercial & farmland		-		-		-		-
Real estate – residential		-		-		-		-
Consumer installment		-		-		1		1
Total		1	$	12		2	$	329

Loans Excluding Purchased Non Covered And Covered Loan [Member]

Summary of Past Due Financial Receivables

The following table presents an analysis of past due loans, excluding purchased non-covered and covered loans, as of March 31, 2016, December 31, 2015 and March 31, 2015:

													Loans 90
													Days or
	Loans		Loans		Loans 90								More Past
	30-59		60-89		or More		Total						Due  and
	Days Past		Days		Days Past		Loans		Current		Total		Still
	Due		Past Due		Due		Past Due		Loans		Loans		Accruing
	(Dollars in Thousands)
As of March 31, 2016:
Commercial, financial & agricultural	$	1,161	$	633	$	870	$	2,664	$	431,409	$	434,073	$	-
Real estate – construction & development		793		709		1,476		2,978		261,842		264,820		-
Real estate – commercial & farmland		1,015		539		6,955		8,509		1,146,378		1,154,887		-
Real estate – residential		6,078		1,084		4,176		11,338		617,800		629,138		-
Consumer installment loans		399		92		291		782		31,119		31,901		-
Other		-		-		-		-		13,188		13,188		-
Total	$	9,446	$	3,057	$	13,768	$	26,271	$	2,501,736	$	2,528,007	$	-

													Loans 90
													Days or
	Loans		Loans		Loans 90								More Past
	30-59		60-89		or More		Total						Due  and
	Days Past		Days		Days Past		Loans		Current		Total		Still
	Due		Past Due		Due		Past Due		Loans		Loans		Accruing
	(Dollars in Thousands)
As of December 30, 2015:
Commercial, financial & agricultural	$	568	$	271	$	835	$	1,674	$	447,949	$	449,623	$	-
Real estate – construction & development		1,413		261		1,739		3,413		241,280		244,693		-
Real estate – commercial & farmland		1,781		641		6,912		9,334		1,095,657		1,104,991		-
Real estate – residential		3,806		2,120		5,121		11,047		559,383		570,430		-
Consumer installment loans		374		188		238		800		30,325		31,125		-
Other		-		-		-		-		6,015		6,015		-
Total	$	7,942	$	3,481	$	14,845	$	26,268	$	2,380,609	$	2,406,877	$	-

													Loans 90
													Days or
	Loans		Loans		Loans 90								More Past
	30-59		60-89		or More		Total						Due and
	Days Past		Days		Days Past		Loans		Current		Total		Still
	Due		Past Due		Due		Past Due		Loans		Loans		Accruing
	(Dollars in Thousands)
As of March 31, 2015:
Commercial, financial & agricultural	$	1,258	$	2,821	$	984	$	5,063	$	329,854	$	334,917	$	-
Real estate – construction & development		404		240		3,205		3,849		174,719		178,568		-
Real estate – commercial & farmland		6,398		1,285		7,732		15,415		931,859		947,274		-
Real estate – residential		4,430		1,879		7,569		13,878		482,165		496,043		-
Consumer installment loans		367		136		256		759		28,354		29,113		-
Other		-		-		-		-		13,505		13,505		-
Total	$	12,857	$	6,361	$	19,746	$	38,964	$	1,960,456	$	1,999,420	$	-

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
	March 31,		December 31,		March 31,
	2016		2015		2015
	(Dollars in Thousands)
Nonaccrual loans	$	15,700	$	16,860	$	20,841
Troubled debt restructurings not included above		14,385		14,418		12,935
Total impaired loans	$	30,085	$	31,278	$	33,776
Interest income recognized on impaired loans	$	318	$	909	$	168
Foregone interest income on impaired loans	$	242	$	1,204	$	109

The following table presents an analysis of information pertaining to impaired loans, excluding purchased non-covered and covered loans as of March 31, 2016, December 31, 2015 and March 31, 2015:

	Unpaid		Recorded		Recorded
	Contractual		Investment		Investment		Total				Average
	Principal		With No		With		Recorded		Related		Recorded
	Balance		Allowance		Allowance		Investment		Allowance		Investment
	(Dollars in Thousands)
As of March 31, 2016:
Commercial, financial & agricultural	$	3,150	$	339	$	1,206	$	1,545	$	408	$	1,544
Real estate – construction & development		3,278		230		2,022		2,252		742		2,428
Real estate – commercial & farmland		14,530		5,142		7,870		13,012		874		12,898
Real estate – residential		13,976		1,662		11,177		12,839		2,223		13,345
Consumer installment loans		519		-		437		437		7		466
Total	$	35,453	$	7,373	$	22,712	$	30,085	$	4,254	$	30,681

	Unpaid		Recorded		Recorded
	Contractual		Investment		Investment		Total				Average
	Principal		With No		With		Recorded		Related		Recorded
	Balance		Allowance		Allowance		Investment		Allowance		Investment
	(Dollars in Thousands)
As of December 31, 2015:
Commercial, financial & agricultural	$	3,062	$	158	$	1,385	$	1,543	$	135	$	2,275
Real estate – construction & development		3,581		230		2,374		2,604		774		3,228
Real estate – commercial & farmland		14,385		6,702		6,083		12,785		1,067		15,105
Real estate – residential		15,809		1,621		12,230		13,851		2,224		11,977
Consumer installment loans		592		-		495		495		9		488
Total	$	37,429	$	8,711	$	22,567	$	31,278	$	4,209	$	33,073

	Unpaid		Recorded		Recorded
	Contractual		Investment		Investment		Total				Average
	Principal		With No		With		Recorded		Related		Recorded
	Balance		Allowance		Allowance		Investment		Allowance		Investment
	(Dollars in Thousands)
As of March 31, 2015:
Commercial, financial & agricultural	$	2,378	$	5	$	1,287	$	1,292	$	240	$	1,627
Real estate – construction & development		7,397		274		3,801		4,075		667		4,264
Real estate – commercial & farmland		16,980		3,280		11,922		15,202		2,127		14,909
Real estate – residential		14,181		1,592		11,166		12,758		1,869		12,833
Consumer installment loans		548		-		449		449		6		491
Total	$	41,484	$	5,151	$	28,625	$	33,776	$	4,909	$	34,124

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 three months ending March 31, 2016 and 2015:

	March 31, 2016				March 31, 2015
			Balance				Balance
Loan class:	#		(in thousands)		#		(in thousands)
Commercial, financial & agricultural		1	$	12		-	$	-
Real estate – construction & development		-		-		-		-
Real estate – commercial & farmland		2		1,605		2		2,015
Real estate – residential		1		60		7		666
Consumer installment		-		-		3		17
Total		4	$	1,676		12	$	2,698

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 three months ending March 31, 2016 and 2015:

	March 31, 2016				March 31, 2015
			Balance				Balance
Loan class:	#		(in thousands)		#		(in thousands)
Commercial, financial & agricultural		1	$	76		-	$	-
Real estate – construction & development		-		-		-		-
Real estate – commercial & farmland		1		475		-		-
Real estate – residential		1		23		2		115
Consumer installment		-		-		-		-
Total		3	$	574		2	$	115

Covered Loans [Member]

Summary of Financial Receivable Nonaccrual Basis

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

	March 31,		December 31,		March 31,
(Dollars in Thousands)	2016		2015		2015
Commercial, financial and agricultural	$	2,799	$	2,803	$	8,404
Real estate – construction and development		1,537		1,701		6,262
Real estate – commercial and farmland		5,265		5,034		17,000
Real estate – residential		3,694		3,663		6,606
Consumer installment		36		37		87
	$	13,331	$	13,238	$	38,359

Summary of Past Due Financial Receivables

The following table presents an analysis of covered past-due loans as of March 31, 2016, December 31, 2015 and March 31, 2015:

													Loans 90
													Days or
	Loans		Loans		Loans 90								More Past
	30-59		60-89		or More		Total						Due  and
	Days Past		Days		Days Past		Loans		Current		Total		Still
	Due		Past Due		Due		Past Due		Loans		Loans		Accruing
	(Dollars in Thousands)
As of March 31, 2016:
Commercial, financial & agricultural	$	75	$	-	$	2,757	$	2,832	$	1,907	$	4,739	$	-
Real estate – construction & development		87		-		1,471		1,558		5,647		7,205		-
Real estate – commercial & farmland		744		50		2,736		3,530		63,525		67,055		-
Real estate – residential		1,532		805		2,580		4,917		46,259		51,176		-
Consumer installment loans		-		-		36		36		68		104		-
Total	$	2,438	$	855	$	9,580	$	12,873	$	117,406	$	130,279	$	-

													Loans 90
													Days or
	Loans		Loans		Loans 90								More Past
	30-59		60-89		or More		Total						Due  and
	Days Past		Days		Days Past		Loans		Current		Total		Still
	Due		Past Due		Due		Past Due		Loans		Loans		Accruing
	(Dollars in Thousands)
As of December 30, 2015:
Commercial, financial & agricultural	$	-	$	-	$	2,802	$	2,802	$	2,744	$	5,546	$	-
Real estate – construction & development		96		-		1,633		1,729		5,883		7,612		-
Real estate – commercial & farmland		170		205		3,064		3,439		67,787		71,226		-
Real estate – residential		2,155		1,001		2,658		5,814		47,224		53,038		-
Consumer installment loans		-		-		37		37		70		107		-
Total	$	2,421	$	1,206	$	10,194	$	13,821	$	123,708	$	137,529	$	-

													Loans 90
													Days or
	Loans		Loans		Loans 90								More Past
	30-59		60-89		or More		Total						Due and
	Days Past		Days		Days Past		Loans		Current		Total		Still
	Due		Past Due		Due		Past Due		Loans		Loans		Accruing
	(Dollars in Thousands)
As of March 31, 2015:
Commercial, financial & agricultural	$	165	$	225	$	1,776	$	2,166	$	18,739	$	20,905	$	-
Real estate – construction & development		455		-		5,605		6,060		13,459		19,519		-
Real estate – commercial & farmland		2,364		1,150		11,063		14,577		115,713		130,290		-
Real estate – residential		2,293		1,019		4,999		8,310		66,536		74,847		-
Consumer installment loans		-		-		87		87		97		184		-
Total	$	5,277	$	2,394	$	23,530	$	31,201	$	214,544	$	245,745	$	-

Summary of Impaired Financial Receivables

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

	As of and For the Period Ended
	March 31,		December 31,		March 31,
	2016		2015		2015
	(Dollars in Thousands)
Nonaccrual loans	$	13,331	$	13,238	$	38,359
Troubled debt restructurings not included above		12,308		13,283		20,721
Total impaired loans	$	25,639	$	26,521	$	59,080
Interest income recognized on impaired loans	$	185	$	886	$	220
Foregone interest income on impaired loans	$	170	$	1,596	$	130

The following table presents an analysis of information pertaining to impaired covered loans as of March 31, 2016, December 31, 2015 and March 31, 2015:

	Unpaid		Recorded		Recorded
	Contractual		Investment		Investment		Total				Average
	Principal		With No		With		Recorded		Related		Recorded
	Balance		Allowance		Allowance		Investment		Allowance		Investment
	(Dollars in Thousands)
As of March 31, 2016:
Commercial, financial & agricultural	$	4,842	$	-	$	3,107	$	3,107	$	111	$	2,801
Real estate – construction & development		8,347		-		2,354		2,354		84		2,403
Real estate – commercial & farmland		10,264		-		6,712		6,712		168		6,789
Real estate – residential		15,457		4,167		9,256		13,423		166		14,042
Consumer installment loans		51		43		-		43		-		45
Total	$	38,961	$	4,210	$	21,429	$	25,639	$	529	$	26,080

	Unpaid		Recorded		Recorded
	Contractual		Investment		Investment		Total				Average
	Principal		With No		With		Recorded		Related		Recorded
	Balance		Allowance		Allowance		Investment		Allowance		Investment
	(Dollars in Thousands)
As of December 31, 2015:
Commercial, financial & agricultural	$	5,188	$	2,802	$	-	$	2,802	$	-	$	7,408
Real estate – construction & development		15,119		2,480		-		2,480		-		6,906
Real estate – commercial & farmland		20,508		7,001		-		7,001		-		18,504
Real estate – residential		15,830		14,192		-		14,192		-		16,010
Consumer installment loans		60		46		-		46		-		86
Total	$	56,705	$	26,521	$	-	$	26,521	$	-	$	48,914

	Unpaid		Recorded		Recorded
	Contractual		Investment		Investment		Total				Average
	Principal		With No		With		Recorded		Related		Recorded
	Balance		Allowance		Allowance		Investment		Allowance		Investment
	(Dollars in Thousands)
As of March 31, 2015:
Commercial, financial & agricultural	$	13,512	$	8,407	$	-	$	8,407	$	-	$	8,495
Real estate – construction & development		24,503		9,080		-		9,080		-		9,859
Real estate – commercial & farmland		35,493		23,462		-		23,462		-		22,062
Real estate – residential		23,585		18,042		-		18,042		-		18,048
Consumer installment loans		119		89		-		89		-		92
Total	$	97,212	$	59,080	$	-	$	59,080	$	-	$	58,556

Summary of Credit Quality Indicate Financial Receivable

The following table presents the covered loan portfolio by risk grade as of March 31, 2016:

	Commercial,		Real estate -		Real estate -
Risk	financial &		construction &		commercial &		Real estate -		Consumer
Grade	agricultural		development		farmland		residential		installment loans		Other		Total
	(Dollars in Thousands)
10	$	-	$	-	$	-	$	-	$	-	$	-	$	-
15		-		-		-		-		-		-		-
20		47		770		10,443		9,635		-		-		20,895
23		25		-		1,797		5,024		-		-		6,846
25		1,932		3,704		37,276		23,388		11		-		66,311
30		4		823		3,003		4,338		48		-		8,216
40		2,731		1,908		14,536		8,791		45		-		28,011
50		-		-		-		-		-		-		-
60		-		-		-		-		-		-		-
Total	$	4,739	$	7,205	$	67,055	$	51,176	$	104	$	-	$	130,279

The following table presents the covered loan portfolio by risk grade as of December 31, 2015:

	Commercial,		Real estate -		Real estate -
Risk	financial &		construction &		commercial &		Real estate -		Consumer
Grade	agricultural		development		farmland		residential		installment loans		Other		Total
	(Dollars in Thousands)
10	$	-	$	-	$	-	$	-	$	-	$	-	$	-
15		-		-		-		-		-		-		-
20		93		800		11,698		10,040		-		-		23,631
23		52		-		2,957		5,723		-		-		8,732
25		2,594		3,907		38,741		24,345		11		-		69,598
30		5		828		2,857		4,552		-		-		8,242
40		2,802		2,077		14,973		8,378		96		-		28,326
50		-		-		-		-		-		-		-
60		-		-		-		-		-		-		-
Total	$	5,546	$	7,612	$	71,226	$	53,038	$	107	$	-	$	137,529

The following table presents the covered loan portfolio by risk grade as of March 31, 2015:

	Commercial,		Real estate -		Real estate -
Risk	financial &		construction &		commercial &		Real estate -		Consumer
Grade	agricultural		development		farmland		residential		installment loans		Other		Total
	(Dollars in Thousands)
10	$	-	$	-	$	-	$	-	$	-	$	-	$	-
15		667		1,847		734		522		-		-		3,770
20		75		458		21,010		13,353		51		-		34,947
23		4,481		8,567		6,382		6,130		-		-		25,560
25		5,094		2,594		69,536		36,510		37		-		113,771
30		10,588		6,053		4,053		5,893		9		-		26,596
40		-		-		28,575		12,439		87		-		41,101
50		-		-		-		-		-		-		-
60		-		-		-		-		-		-		-
Total	$	20,905	$	19,519	$	130,290	$	74,847	$	184	$	-	$	245,745

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 nonaccrual at March 31, 2016, December 31, 2015 and March 31, 2015:

As of March 31, 2016	Accruing Loans				Non-Accruing Loans
			Balance				Balance
Loan class:	#		(in thousands)		#		(in thousands)
Commercial, financial & agricultural		-	$	-		3	$	77
Real estate – construction & development		4		790		-		-
Real estate – commercial & farmland		3		1,311		5		2,133
Real estate – residential		96		10,200		26		1,224
Consumer installment		1		7		-		-
Total		104	$	12,308		34	$	3,434

As of December 31, 2015	Accruing Loans				Non-Accruing Loans
			Balance				Balance
Loan class:	#		(in thousands)		#		(in thousands)
Commercial, financial & agricultural		-	$	-		2	$	1
Real estate – construction & development		4		779		-		-
Real estate – commercial & farmland		4		1,967		3		1,067
Real estate – residential		97		10,529		26		1,116
Consumer installment		2		8		-		-
Total		107	$	13,283		31	$	2,184

As of March 31, 2015	Accruing Loans				Non-Accruing Loans
			Balance				Balance
Loan class:	#		(in thousands)		#		(in thousands)
Commercial, financial & agricultural		1	$	3		2	$	-
Real estate – construction & development		3		2,819		1		13
Real estate – commercial & farmland		13		6,461		2		1,736
Real estate – residential		97		11,436		10		821
Consumer installment		1		2		-		-
Total		115	$	20,721		15	$	2,570

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 three months ending March 31, 2016 and 2015:

	March 31, 2016				March 31, 2015
			Balance				Balance
Loan class:	#		(in thousands)		#		(in thousands)
Commercial, financial & agricultural		-	$	-		-	$	-
Real estate – construction & development		-		-		-		-
Real estate – commercial & farmland		1		613		2		1,728
Real estate – residential		7		489		5		362
Consumer installment		-		-		-		-
Total		8	$	1,102		7	$	2,090

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 nonaccrual at March 31, 2016, December 31, 2015 and March 31, 2015:

As of March 31, 2016	Accruing Loans				Non-Accruing Loans
			Balance				Balance
Loan class:	#		(in thousands)		#		(in thousands)
Commercial, financial & agricultural		1	$	2		2	$	19
Real estate – construction & development		2		510		3		39
Real estate – commercial & farmland		12		6,003		4		431
Real estate – residential		12		2,397		5		486
Consumer installment		2		5		2		2
Total		29	$	8,917		16	$	977

As of December 31, 2015	Accruing Loans				Non-Accruing Loans
			Balance				Balance
Loan class:	#		(in thousands)		#		(in thousands)
Commercial, financial & agricultural		1	$	2		2	$	21
Real estate – construction & development		1		363		3		42
Real estate – commercial & farmland		14		6,214		3		412
Real estate – residential		13		2,789		4		180
Consumer installment		2		5		2		3
Total		31	$	9,373		14	$	658

As of March 31, 2015	Accruing Loans				Non-Accruing Loans
			Balance				Balance
Loan class:	#		(in thousands)		#		(in thousands)
Commercial, financial & agricultural		-	$	-		1	$	1
Real estate – construction & development		1		328		-		-
Real estate – commercial & farmland		3		720		1		69
Real estate – residential		5		477		2		93
Consumer installment		1		1		1		4
Total		10	$	1,526		5	$	167