LOANS AND ALLOWANCE FOR LOAN LOSSES (Tables)

12 Months Ended

Dec. 31, 2016

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:

	December 31,
	2016		2015
	(dollars in thousands)
Commercial, financial and agricultural	$	967,138	$	449,623
Real estate – construction and development		363,045		244,693
Real estate – commercial and farmland		1,406,219		1,104,991
Real estate – residential		781,018		570,430
Consumer installment		96,915		31,125
Other		12,486		6,015
		3,626,821		2,406,877

Summary of Covered Loans According to Loan Type

The carrying value of purchased non-covered loans are shown below according to major loan type as of the end of the years shown:

	2016		2015
	(dollars in thousands)
Commercial, financial and agricultural	$	95,743	$	45,462
Real estate – construction and development		78,376		72,080
Real estate – commercial and farmland		563,438		390,755
Real estate – residential		268,888		258,153
Consumer installment		4,586		5,104
	$	1,011,031	$	771,554

Schedule of Allowances for Loan Losses by Portfolio Segment

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  and agricultural		Real estate –  construction  and  development		Real estate –  commercial  and farmland		Real estate -  residential		Consumer  installment  and Other		Purchased  non-covered  loans,  including pools		Covered  loans		Total
	(dollars in thousands)
Twelve months ended December 31, 2016
Balance, January 1, 2016	$	1,144	$	5,009	$	7,994	$	4,760	$	1,574	$	581	$	-	$	21,062
Provision for loan losses		2,647		(1,921)		107		2,757		(523)		1,981		(957)		4,091
Loans charged off		(1,999)		(588)		(708)		(1,122)		(351)		(1,066)		(493)		(6,327)
Recoveries of loans previously charged off		400		490		269		391		127		1,723		1,694		5,094
Balance, December 31, 2016	$	2,192	$	2,990	$	7,662	$	6,786	$	827	$	3,219	$	244	$	23,920
Period-end amount allocated to:
Loans individually evaluated for impairment(1)	$	120	$	266	$	1,502	$	2,893	$	-	$	1,382	$	244	$	6,407
Loans collectively evaluated for impairment		2,072		2,724		6,160		3,893		827		1,837		-		17,513
Ending balance	$	2,192	$	2,990	$	7,662	$	6,786	$	827	$	3,219	$	244	$	23,920
Loans:
Individually evaluated for impairment(1)	$	501	$	659	$	12,423	$	12,697	$	-	$	22,251	$	11,890	$	60,421
Collectively evaluated for impairment		966,637		362,386		1,393,796		768,321		109,401		1,428,680		26,150		5,055,371
Acquired with deteriorated credit quality		-		-		-		-		-		128,414		20,120		148,534
Ending balance	$	967,138	$	363,045	$	1,406,219	$	781,018	$	109,401	$	1,579,345	$	58,160	$	5,264,326

(1) At December 31, 2016, loans individually evaluated for impairment includes all nonaccrual loans greater than $100,000 and all troubled debt restructurings greater than $100,000, including all troubled debt restructurings and not only those currently classified as troubled debt restructurings.

	Commercial,  financial  and  agricultural		Real estate –  construction  and  development		Real estate –  commercial  and  farmland		Real estate - residential		Consumer  installment  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(1)	$	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(1)	$	323	$	1,958	$	11,877	$	9,554	$	-	$	22,672	$	22,317	$	68,701
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		-		-		-		-		-		80,024		62,761		142,785
Ending balance	$	449,623	$	244,693	$	1,104,991	$	570,430	$	37,140	$	1,364,517	$	137,529	$	3,908,923

(1) At December 31, 2015, loans individually evaluated for impairment includes all nonaccrual loans greater than $200,000 and all troubled debt restructurings greater than $100,000, including all troubled debt restructurings and not only those currently classified as troubled debt restructurings.

	Commercial,  financial  and  agricultural		Real estate –  construction  and  development		Real estate –  commercial  and  farmland		Real estate -  residential		Consumer installment and Other		Purchased non-covered loans, including pools		Covered  loans		Total
	(dollars in thousands)
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(1)	$	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(1)	$	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

(1) At December 31, 2014, loans individually evaluated for impairment includes all nonaccrual loans greater than $200,000 and all troubled debt restructurings greater than $100,000, including all troubled debt restructurings and not only those currently classified as troubled debt restructurings

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 December 31, 2016 and 2015.

As of December 31, 2016

Risk Grade	Commercial, financial and agricultural		Real estate - construction and development		Real estate - commercial and farmland		Real estate - residential		Consumer installment		Other		Total
	(dollars in thousands)
10	$	397,093	$	-	$	8,814	$	125	$	8,532	$	-	$	414,564
15		376,323		5,390		102,893		54,136		405		-		539,147
20		97,057		36,307		889,539		609,583		25,026		12,486		1,669,998
23		366		6,803		8,533		7,470		14		-		23,186
25		92,066		307,903		357,151		88,370		62,098		-		907,588
30		144		719		22,986		5,197		126		-		29,172
40		4,089		5,923		16,303		16,038		714		-		43,067
50		-		-		-		99		-		-		99
60		-		-		-		-		-		-		-
Total	$	967,138	$	363,045	$	1,406,219	$	781,018	$	96,915	$	12,486	$	3,626,821

As of December 31, 2015

Risk Grade	Commercial, financial and agricultural		Real estate - construction and development		Real estate - commercial and farmland		Real estate - residential		Consumer installment		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

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 December 31, 2016 and 2015.

As of December 31, 2016	Accruing Loans				Non-Accruing Loans
			Balance				Balance
Loan class	#		(in thousands)		#		(in thousands)
Commercial, financial and agricultural		4	$	47		15	$	114
Real estate – construction and development		8		686		2		34
Real estate – commercial and farmland		16		4,119		5		2,970
Real estate – residential		82		9,340		15		739
Consumer installment		7		17		32		130
Total		117	$	14,209		69	$	3,987

As of December 31, 2015	Accruing Loans				Non-Accruing Loans
			Balance				Balance
Loan class	#		(in thousands)		#		(in thousands)
Commercial, financial and agricultural		4	$	240		10	$	110
Real estate – construction and development		11		792		3		63
Real estate – commercial and 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

Summary of Changes in Related Party Loans

Changes in related party loans are summarized as follows:

	December 31,
	2016		2015
	(dollars in thousands)
Balance, January 1	$	3,818	$	4,403
Advances		78		162
Repayments		(729)		(674)
Transactions due to changes in related parties		-		(73)
Ending balance	$	3,167	$	3,818

Purchased Non Covered Loans [Member]

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

The carrying value of covered loans are shown below according to major loan type as of the end of the years shown:

	2016		2015
	(dollars in thousands)
Commercial, financial and agricultural	$	794	$	5,546
Real estate – construction and development		2,992		7,612
Real estate – commercial and farmland		12,917		71,226
Real estate – residential		41,389		53,038
Consumer installment		68		107
	$	58,160	$	137,529

Summary of Financial Receivable Nonaccrual Basis

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

	2016		2015
	(dollars in thousands)
Commercial, financial and agricultural	$	564	$	1,064
Real estate – construction and development		2,536		1,106
Real estate – commercial and farmland		8,698		4,920
Real estate – residential		6,609		6,168
Consumer installment		13		72
	$	18,420	$	13,330

Summary of Past Due Financial Receivables

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

	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, 2016
Commercial, financial and  agricultural	$	113	$	18	$	466	$	597	$	95,146	$	95,743	$	-
Real estate – construction and development		67		10		2,499		2,576		75,800		78,376		-
Real estate – commercial and   farmland		1,431		295		6,917		8,643		554,795		563,438		-
Real estate – residential		2,779		670		4,954		8,403		260,485		268,888		-
Consumer installment		22		-		13		35		4,551		4,586		-
Total	$	4,412	$	993	$	14,849	$	20,254	$	990,777	$	1,011,031	$	-

	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, 2015
Commercial, financial and  agricultural	$	248	$	13	$	846	$	1,107	$	44,355	$	45,462	$	-
Real estate – construction and development		416		687		420		1,523		70,557		72,080		-
Real estate – commercial and  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		31		9		70		110		4,994		5,104		-
Total	$	8,139	$	4,514	$	9,611	$	22,264	$	749,290	$	771,554	$	-

Summary of Impaired Financial Receivables

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

	As of and For the Years Ended December 31,
	2016		2015		2014
	(dollars in thousands)
Nonaccrual loans	$	18,420	$	13,330	$	18,249
Troubled debt restructurings not included above		11,004		9,373		1,212
Total impaired loans	$	29,424	$	22,703	$	19,461
Interest income recognized on impaired loans	$	2,070	$	785	$	109
Foregone interest income on impaired loans	$	1,175	$	1,365	$	1,759

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

	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment
	(dollars in thousands)
As of December 31, 2016
Commercial, financial and agricultural	$	4,737	$	242	$	322	$	564	$	-	$	742
Real estate – construction and development		23,581		415		2,662		3,077		151		2,257
Real estate – commercial and farmland		29,104		3,447		11,802		15,249		363		14,035
Real estate – residential		13,280		3,050		7,465		10,515		868		9,433
Consumer installment		30		19		-		19		-		55
Total	$	70,732	$	7,173	$	22,251	$	29,424	$	1,382	$	26,522

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

Summary of Credit Quality Indicate Financial Receivable

The following table presents the purchased non-covered loan portfolio by risk grade as of December 31, 2016 and 2015.

As of December 31, 2016

Risk Grade	Commercial, financial and agricultural		Real estate - construction and development		Real estate - commercial and farmland		Real estate - residential		Consumer installment		Other		Total
	(dollars in thousands)
10	$	5,722	$	-	$	-	$	-	$	814	$	-	$	6,536
15		1,266		-		7,619		31,331		570		-		40,786
20		16,181		10,245		192,173		104,656		1,583		-		324,838
23		-		3,643		9,019		11,151		-		-		23,813
25		66,506		53,910		317,782		101,951		1,259		-		541,408
30		5,072		6,927		13,191		4,416		-		-		29,606
40		996		3,651		23,654		15,383		360		-		44,044
50		-		-		-		-		-		-		-
60		-		-		-		-		-		-		-
Total	$	95,743	$	78,376	$	563,438	$	268,888	$	4,586	$	-	$	1,011,031

As of December 31, 2015

Risk Grade	Commercial, financial and agricultural		Real estate - construction  and development		Real estate - commercial  and farmland		Real estate - residential		Consumer installment		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

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 year ending December 31, 2016 and 2015. 

	December 31, 2016				December 31, 2015
			Balance				Balance
Loan class	#		(in thousands)		#		(in thousands)
Commercial, financial and agricultural		-	$	-		2	$	21
Real estate – construction and development		-		-		2		30
Real estate – commercial and farmland		5		2,321		5		1,051
Real estate – residential		15		2,218		8		1,541
Consumer installment		-		-		3		8
Total		20	$	4,539		20	$	2,651

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 year ending December 31, 2016 and 2015.

 

	December 31, 2016				December 31, 2015
			Balance				Balance
Loan class	#		(in thousands)		#		(in thousands)
Commercial, financial and agricultural		-	$	-		-	$	-
Real estate – construction and development		1		9		2		30
Real estate – commercial and farmland		-		-		2		57
Real estate – residential		1		79		6		795
Consumer installment		-		-		1		1
Total		2	$	88		11	$	883

Purchased Covered Loans [Member]

Summary of Impaired Financial Receivables

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

	As of and For the Years Ended December 31,
	2016		2015		2014
	(dollars in thousands)
Nonaccrual loans	$	4,546	$	13,238	$	35,412
Troubled debt restructurings not included above		12,539		13,283		22,619
Total impaired loans	$	17,085	$	26,521	$	58,031
Interest income recognized on impaired loans	$	685	$	886	$	1,134
Foregone interest income on impaired loans	$	462	$	1,596	$	3,123

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

	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment
	(dollars in thousands)
As of December 31, 2016
Commercial, financial and agricultural	$	294	$	128	$	-	$	128	$	-	$	1,464
Real estate – construction and development		985		78		815		893		2		2,022
Real estate – commercial and farmland		7,070		151		3,234		3,385		22		5,837
Real estate – residential		13,742		4,833		7,841		12,674		220		13,730
Consumer installment		7		5		-		5		-		41
Total	$	22,098	$	5,195	$	11,890	$	17,085	$	244	$	23,094

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

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: 

	2016		2015
	(dollars in thousands)
Commercial, financial and agricultural	$	1,814	$	1,302
Real estate – construction and development		547		1,812
Real estate – commercial and farmland		8,757		7,019
Real estate – residential		6,401		6,278
Consumer installment		595		449
	$	18,114	$	16,860

Summary of Past Due Financial Receivables

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

	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, 2016
Commercial, financial and agricultural	$	565	$	82	$	1,293	$	1,940	$	965,198	$	967,138	$	-
Real estate – construction and development		908		446		439		1,793		361,252		363,045		-
Real estate – commercial and farmland		6,329		1,711		6,945		14,985		1,391,234		1,406,219		-
Real estate – residential		6,354		1,282		5,302		12,938		768,080		781,018		-
Consumer installment		624		263		350		1,237		95,678		96,915		-
Other		-		-		-		-		12,486		12,486		-
Total	$	14,780	$	3,784	$	14,329	$	32,893	$	3,593,928	$	3,626,821	$	-

	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, 2015
Commercial, financial and agricultural	$	568	$	271	$	835	$	1,674	$	447,949	$	449,623	$	-
Real estate – construction and development		1,413		261		1,739		3,413		241,280		244,693		-
Real estate – commercial and 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		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	$	-

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 year ending December 31, 2016 and 2015.

	December 31, 2016				December 31, 2015
			Balance				Balance
Loan class	#		(in thousands)		#		(in thousands)
Commercial, financial and agricultural		6	$	58		7	$	80
Real estate – construction and development		2		250		2		15
Real estate – commercial and farmland		4		1,656		2		2,121
Real estate – residential		34		2,495		33		4,992
Consumer installment		12		63		16		61
Total		58	$	4,522		60	$	7,269

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 year ending December 31, 2016 and 2015. 

	December 31, 2016				December 31, 2015
			Balance				Balance
Loan class	#		(in thousands)		#		(in thousands)
Commercial, financial and agricultural		5	$	51		3	$	37
Real estate – construction and development		1		5		2		33
Real estate – commercial and farmland		5		2,970		3		624
Real estate – residential		5		460		20		1,493
Consumer installment		6		38		9		45
Total		22	$	3,524		37	$	2,232

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, which occurred during the year ending December 31, 2016 and 2015.

	December 31, 2016				December 31, 2015
			Balance				Balance
Loan class	#		(in thousands)		#		(in thousands)
Commercial, financial and agricultural		1	$	76		1	$	1
Real estate – construction and development		-		-		3		334
Real estate – commercial and farmland		1		468		3		1,099
Real estate – residential		13		873		23		745
Consumer installment		-		-		1		8
Total		15	$	1,417		31	$	2,187

Covered Loans [Member]

Summary of Financial Receivable Nonaccrual Basis

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

	2016		2015
	(dollars in thousands)
Commercial, financial and agricultural	$	128	$	2,803
Real estate – construction and development		75		1,701
Real estate – commercial and farmland		1,476		5,034
Real estate – residential		2,867		3,663
Consumer installment		-		37
	$	4,546	$	13,238

Summary of Past Due Financial Receivables

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

	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, 2016
Commercial, financial and  agricultural	$	-	$	-	$	127	$	127	$	667	$	794	$	-
Real estate – construction and development		94		1		19		114		2,878		2,992		-
Real estate – commercial and  farmland		603		31		235		869		12,048		12,917		-
Real estate – residential		1,787		28		1,881		3,696		37,693		41,389		-
Consumer installment		-		-		-		-		68		68		-
Total	$	2,484	$	60	$	2,262	$	4,806	$	53,354	$	58,160	$	-

	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, 2015
Commercial, financial and  agricultural	$	-	$	-	$	2,802	$	2,802	$	2,744	$	5,546	$	-
Real estate – construction and development		96		-		1,633		1,729		5,883		7,612		-
Real estate – commercial and  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		-		-		37		37		70		107		-
Total	$	2,421	$	1,206	$	10,194	$	13,821	$	123,708	$	137,529	$	-

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 Years Ended December 31,
	2016		2015		2014
	(dollars in thousands)
Nonaccrual loans	$	18,114	$	16,860	$	21,728
Troubled debt restructurings not included above		14,209		14,418		12,759
Total impaired loans	$	32,323	$	31,278	$	34,487
Interest income recognized on impaired loans	$	1,033	$	909	$	1,991
Foregone interest income on impaired loans	$	977	$	1,204	$	1,491

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

	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment
	(dollars in thousands)
As of December 31, 2016
Commercial, financial and agricultural	$	3,068	$	204	$	1,656	$	1,860	$	134	$	1,684
Real estate – construction and development		2,047		-		1,233		1,233		273		2,018
Real estate – commercial and farmland		13,906		6,811		6,065		12,876		1,503		12,845
Real estate – residential		15,482		2,238		13,503		15,741		3,080		14,453
Consumer installment		671		-		613		613		5		506
Total	$	35,174	$	9,253	$	23,070	$	32,323	$	4,995	$	31,506

	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment
	(dollars in thousands)
As of December 31, 2015
Commercial, financial and agricultural	$	3,062	$	158	$	1,385	$	1,543	$	135	$	2,275
Real estate – construction and development		3,581		230		2,374		2,604		774		3,228
Real estate – commercial and 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		592		-		495		495		9		488
Total	$	37,429	$	8,711	$	22,567	$	31,278	$	4,209	$	33,073

Summary of Credit Quality Indicate Financial Receivable

The following table presents the covered loan portfolio by risk grade as of December 31, 2016 and 2015.

As of December 31, 2016

Risk Grade	Commercial, financial and agricultural		Real estate - construction  and  development		Real estate - commercial  and farmland		Real estate - residential		Consumer installment		Other		Total
	(dollars in thousands)
10	$	-	$	-	$	-	$	-	$	-	$	-	$	-
15		-		-		-		-		-		-		-
20		23		441		1,995		7,056		-		-		9,515
23		22		-		-		3,640		-		-		3,662
25		617		2,096		5,460		19,428		17		-		27,618
30		-		344		1,848		3,189		45		-		5,426
40		132		111		3,614		8,076		6		-		11,939
50		-		-		-		-		-		-		-
60		-		-		-		-		-		-		-
Total	$	794	$	2,992	$	12,917	$	41,389	$	68	$	-	$	58,160

 As of December 31, 2015

Risk Grade	Commercial, financial and agricultural		Real estate - construction  and development		Real estate - commercial and farmland		Real estate - residential		Consumer installment		Other		Total
	(dollars in thousands)
10	$	-	$	-	$	-	$	-	$	-	$	-	$	-
15		-		-		-		-		-		-		-
20		93		800		11,698		10,040		-		-		22,631
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

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 December 31, 2016 and 2015.

As of December 31, 2016	Accruing Loans				Non-Accruing Loans
			Balance				Balance
Loan class	#		(in thousands)		#		(in thousands)
Commercial, financial and agricultural		-	$	-		3	$	76
Real estate – construction and development		4		818		-		-
Real estate – commercial and farmland		5		1,909		1		558
Real estate – residential		98		9,807		27		1,415
Consumer installment		1		5		-		-
Total		108	$	12,539		31	$	2,049

As of December 31, 2015	Accruing Loans				Non-Accruing Loans
			Balance				Balance
Loan class	#		(in thousands)		#		(in thousands)
Commercial, financial and agricultural		-	$	-		2	$	1
Real estate – construction and development		4		779		-		-
Real estate – commercial and 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

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 year ending December 31, 2016 and 2015.

 

	December 31, 2016				December 31, 2015
			Balance				Balance
Loan class	#		(in thousands)		#		(in thousands)
Commercial, financial and agricultural		2	$	76		-	$	-
Real estate – construction and development		-		-		-		-
Real estate – commercial and farmland		-		-		2		145
Real estate – residential		17		831		16		1,190
Consumer installment		-		-		-		-
Total		19	$	907		18	$	1,335

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 December 31, 2016 and 2015.

As of December 31, 2016	Accruing Loans				Non-Accruing Loans
			Balance				Balance
Loan class	#		(in thousands)		#		(in thousands)
Commercial, financial and agricultural		1	$	1		1	$	15
Real estate – construction and development		2		540		3		30
Real estate – commercial and farmland		15		6,551		4		1,844
Real estate – residential		25		3,906		6		662
Consumer installment		2		6		1		-
Total		45	$	11,004		15	$	2,551

As of December 31, 2015	Accruing Loans				Non-Accruing Loans
			Balance				Balance
Loan class	#		(in thousands)		#		(in thousands)
Commercial, financial and agricultural		1	$	2		2	$	21
Real estate – construction and development		1		363		3		42
Real estate – commercial and 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