Loans and Allowance for Loan Losses (Tables)

12 Months Ended

Dec. 31, 2013

Schedule of Accounts Notes Loans and Financial Receivables

 Balances within the major loans receivable categories are presented in the following table:

	December 31,
	2013		2012
	(Dollars in Thousands)
Commercial, financial & agricultural	$	244,373	$	174,217
Real estate – construction & development		146,371		114,199
Real estate – commercial & farmland		808,323		732,322
Real estate – residential		351,886		346,480
Consumer installment		34,249		40,178
Other		33,252		43,239
		1,618,454		1,450,635
Allowance for loan losses		22,377		23,593
Loans, net	$	1,596,077	$	1,427,042

Summary of Covered Loans According to Loan Type

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

	2013		2012
	(Dollars in Thousands)
Commercial, financial & agricultural	$	26,550	$	32,606
Real estate – construction & development		43,179		70,184
Real estate – commercial & farmland		224,451		278,506
Real estate – residential		95,173		125,056
Consumer installment loans		884		1,360
	$	390,237	$	507,712

Summary of Changes in Related Party Loans

Changes in related party loans are summarized as follows:

	December 31,
	2013			2012
	(Dollars in Thousands)
Balance, beginning of year	$	1,392		$	6,922
Advances		813			717
Repayments		(923	)		(1,041	)
Transactions due to changes in related parties		2,036			(5,206	)
Balance, end of year	$	3,318		$	1,392

Schedule of Allowances for Loan Losses by Portfolio Segment

The following table details activity in the allowance for loan losses by non-covered portfolio segment for the years ended December 31, 2013, 2012 and 2011. 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			Total
	(Dollars in thousands)
Balance, January 1, 2013	$	2,439		$	5,343		$	9,157		$	5,898		$	756		$	23,593
Provision for loan losses		711			1,742			2,777			4,463			254			9,947
Loans charged off		(1,759	)		(2,020	)		(3,571	)		(5,215	)		(719	)		(13,284	)
Recoveries of loans previously charged off		432			473			30			888			298			2,121
Balance, December 31, 2013	$	1,823		$	5,538		$	8,393		$	6,034		$	589		$	22,377
Period-end amount allocated to:
Loans individually evaluated for impairment	$	356		$	407		$	1,427		$	1,395		$	–		$	3,585
Loans collectively evaluated for impairment		1,467			5,131			6,966			4,639			589			18,792
Ending balance	$	1,823		$	5,538		$	8,393		$	6,034		$	589		$	22,377
Loans:
Individually evaluated for impairment	$	3,457		$	3,581		$	15,240		$	16,925		$	–		$	39,203
Collectively evaluated for impairment		240,916			142,790			793,083			334,961			67,501			1,579,251
Ending balance	$	244,373		$	146,371		$	808,323		$	351,886		$	67,501		$	1,618,454

	Commercial, financial & agricultural			Real estate - construction & development			Real estate - commercial & farmland			Real estate - residential			Consumer installment loans and Other			Total
	(Dollars in thousands)
Balance, January 1, 2012	$	2,918		$	9,438		$	14,226		$	8,128		$	446		$	35,156
Provision for loan losses		815			5,245			15,000			6,267			1,124			28,451
Loans charged off		(1,451	)		(9,380	)		(20,551	)		(8,722	)		(1,059	)		(41,163	)
Recoveries of loans previously charged off		157			40			482			225			245			1,149
Balance, December 31, 2012	$	2,439		$	5,343		$	9,157		$	5,898		$	756		$	23,593
Period-end amount allocated to:
Loans individually evaluated for impairment	$	659		$	611		$	2,228		$	1,056		$	–		$	4,554
Loans collectively evaluated for impairment		1,780			4,732			6,929			4,842			756			19,039
Ending balance	$	2,439		$	5,343		$	9,157		$	5,898		$	756		$	23,593
Loans:
Individually evaluated for impairment	$	3,351		$	7,617		$	21,332		$	13,020		$	–		$	45,320
Collectively evaluated for impairment		170,866			106,582			710,990			333,460			83,417			1,405,315
Ending balance	$	174,217		$	114,199		$	732,322		$	346,480		$	83,417		$	1,450,635

	Commercial, financial & agricultural			Real estate - construction & development			Real estate - commercial & farmland			Real estate - residential			Consumer installment loans and Other			Total
	(Dollars in thousands)
Balance, January 1, 2011	$	2,779		$	7,705		$	14,971		$	8,664		$	457		$	34,576
Provision for loan losses		5,772			11,354			7,883			4,717			615			30,341
Loans charged off		(5,807	)		(10,988	)		(8,680	)		(5,399	)		(749	)		(31,623	)
Recoveries of loans previously charged off		174			1,367			52			146			123			1,862
Balance, December 31, 2011	$	2,918		$	9,438		$	14,226		$	8,128		$	446		$	35,156
Period-end amount allocated to:
Loans individually evaluated for impairment	$	766		$	3,478		$	8,152		$	3,567		$	3		$	15,966
Loans collectively evaluated for impairment		2,152			5,960			6,074			4,561			443			19,190
Ending balance	$	2,918		$	9,438		$	14,226		$	8,128		$	446		$	35,156
Loans:
Individually evaluated for impairment	$	2,831		$	13,561		$	45,084		$	16,080		$	17		$	77,573
Collectively evaluated for impairment		140,129			116,709			627,681			314,647			55,347			1,254,513
Ending balance	$	142,960		$	130,270		$	672,765		$	330,727		$	55,364		$	1,332,086

Purchased Non-Covered Loans [Member]

Summary of Purchased Non-Covered Loans According to Loan Type

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

	2013		2012
	(Dollars in Thousands)
Commercial, financial & agricultural	$	32,141	$	-
Real estate – construction & development		31,176		-
Real estate – commercial & farmland		179,898		-
Real estate – residential		200,851		-
Consumer installment loans		4,687		-
	$	448,753	$	-

Summary of Financial Receivable Nonaccrual Basis

The following table presents an analysis of purchased non-covered loans accounted for on a nonaccrual basis:
	December 31,
	2013		2012		2011		2010		2009
	(Dollars in Thousands)
Commercial, financial & agricultural	$	11	$	-	$	-	$	-	$	-
Real estate – construction & development		325		-		-		-		-
Real estate – commercial & farmland		1,653		-		-		-		-
Real estate – residential		4,658		-		-		-		-
Consumer installment loans		12		-		-		-		-
Total	$	6,659	$	-	$	-	$	-	$	-

Summary of Past Due Financial Receivables

The following table presents an analysis of purchased non-covered past due loans as of December 31, 2013. There were no purchased non-covered loans as of December 31, 2012.
	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, 2013:
Commercial, financial & agricultural	$	370	$	70	$	11	$	451	$	31,690	$	32,141	$	-
Real estate – construction & development		1,008		89		325		1,422		29,754		31,176		-
Real estate – commercial & farmland		6,851		2,064		1,516		10,431		169,467		179,898		-
Real estate – residential		4,667		1,074		3,428		9,169		191,682		200,851		-
Consumer installment loans		7		17		9		33		4,654		4,687		-
Total	$	12,903	$	3,314	$	5,289	$	21,506	$	427,247	$	448,753	$	-

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,
	2013		2012		2011
	(Dollars in Thousands)
Nonaccrual loans	$	6,659	$	-	$	-
Troubled debt restructurings not included above		5,938		-		-
Total impaired loans	$	12,597	$	-	$	-
Impaired loans not requiring a related allowance	$	12,597	$	-	$	-
Impaired loans requiring a related allowance	$	-	$	-	$	-
Allowance related to impaired loans	$	-	$	-	$	-
Average investment in impaired loans	$	242	$	-	$	-
Interest income recognized on impaired loans	$	-	$	-	$	-
Foregone interest income on impaired loans	$	-	$	-	$	-

The following table presents an analysis of information pertaining to purchased non-covered impaired loans as of December 31, 2013. There were no purchased non-covered loans as of December 31, 2012.

	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, 2013:
Commercial, financial & agricultural	$	19	$	11	$	-	$	11	$	-	$	-
Real estate – construction & development		5,719		3,690		-		3,690		-		71
Real estate – commercial & farmland		4,563		2,881		-		2,881		-		55
Real estate – residential		9,612		5,978		-		5,978		-		115
Consumer installment loans		57		37		-		37		-		1
Total	$	19,970	$	12,597	$	-	$	12,597	$	-	$	242

Summary of Credit Quality Indicate Financial Receivable

The following table presents the purchased non-covered loan portfolio by risk grade as of December 31, 2013. There were no purchased non-covered loans as of December 31, 2012.

As of December 31, 2013:

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	$	1,865	$	-	$	-	$	289	$	451	$	-	$	2,605
15		4,606		7		12,998		16,160		703		-		34,474
20		5,172		3,960		43,802		34,576		1,383		-		88,893
23		-		-		-		-		-		-		-
25		19,638		20,733		102,260		129,923		1,888		-		274,442
30		576		1,760		9,554		10,878		194		-		22,962
40		284		4,716		11,284		9,025		68		-		25,377
50		-		-		-		-		-		-		-
60		-		-		-		-		-		-		-
Total	$	32,141	$	31,176	$	179,898	$	200,851	$	4,687	$	-	$	448,753

Summary of Trouble Debt Restructuring 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, 2013.

As of December 31, 2013	Accruing Loans			Non-Accruing Loans
Loan class:	#	Balance (in thousands)		#	Balance (in thousands)
Commercial, financial & agricultural	–	$	–	1	$	6
Real estate – construction & development	10		3,364	–		–
Real estate – commercial & farmland	3		1,228	1		468
Real estate – residential	8		1,321	8		738
Consumer installment	3		25	–		–
Total	24	$	5,938	10	$	1,212

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 of purchased non-covered loans, classified separately as those currently paying under restructured terms and those that have defaulted under restructured terms at December 31, 2013.

As of December 31, 2013	Loans Currently Paying Under Restructured Terms			Loans that have Defaulted Under Restructured Terms
Loan class:	#	Balance (in thousands)		#	Balance (in thousands)
Commercial, financial & agricultural	–	$	–	1	$	6
Real estate – construction & development	1		8	2		17
Real estate – commercial & farmland	8		3,068	2		296
Real estate – residential	–		–	4		1,696
Consumer installment	7		1,153	9		906
Total	16	$	4,229	18	$	2,921

Summary of Troubled Debt Restructuring by Concessions Made Types

The following table presents the amount of troubled debt restructurings included in purchased non-covered loans, by types of concessions made, classified separately as accrual and non-accrual at December 31, 2013.

As of December 31, 2013	Accruing Loans			Non-Accruing Loans
Type of Concession:	#	Balance (in thousands)		#	Balance (in thousands)
Forbearance of Interest	1	$	300	–	$	–
Forgiveness of Principal	2		425	–		–
Payment Modification Only	2		75	–		–
Rate Reduction Only	11		2,170	8		707
Rate Reduction, Forbearance of Principal	8		2,968	2		505
Total	24	$	5,938	10	$	1,212

Summary of Troubled Debt Restructurings by Collateral Types

The following table presents the amount of troubled debt restructurings included in purchased non-covered loans, by collateral types, classified separately as accrual and non-accrual at December 31, 2013.

As of December 31, 2013	Accruing Loans			Non-Accruing Loans
Collateral type:	#	Balance (in thousands)		#	Balance (in thousands)
Warehouse	-	$	-	1	$	468
Raw Land	6		2,640	-		-
Office	1		803	-		-
Retail, including Strip Centers	2		425	-		-
1-4 Family Residential	13		2,053	8		738
Automobile/Equipment/Inventory	2		17	1		6
Total	24	$	5,938	10	$	1,212

Excluding Purchased Non-Covered and Covered Loans [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:

	December 31,
	2013		2012		2011		2010		2009
	(Dollars in Thousands)
Commercial, financial & agricultural	$	4,103	$	4,138	$	3,987	$	8,648	$	4,774
Real estate – construction & development		3,971		9,281		15,020		7,887		15,787
Real estate – commercial & farmland		8,566		11,962		35,385		55,170		67,172
Real estate – residential		12,152		12,595		15,498		6,376		6,965
Consumer installment loans		411		909		933		1,208		1,433
Total	$	29,203	$	38,885	$	70,823	$	79,289	$	96,131

Summary of Past Due Financial Receivables

The following table presents an analysis of loans, excluding purchased non-covered and covered past due loans as of December 31, 2013 and 2012.

	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, 2013:
Commercial, financial & agricultural	$	10,893	$	272	$	4,081	$	15,246	$	229,127	$	244,373	$	-
Real estate – construction & development		1,026		69		3,935		5,030		141,341		146,371		-
Real estate – commercial & farmland		3,981		1,388		7,751		13,120		795,203		808,323		-
Real estate – residential		5,422		1,735		11,587		18,744		333,142		351,886		-
Consumer installment loans		568		197		305		1,070		33,179		34,249		-
Other		-		-		-		-		33,252		33,252		-
Total	$	21,890	$	3,661	$	27,659	$	53,210	$	1,565,244	$	1,618,454	$	-

	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, 2012:
Commercial, financial & agricultural	$	258	$	312	$	3,969	$	4,539	$	169,678	$	174,217	$	-
Real estate – construction & development		347		332		8,969		9,648		104,551		114,199		-
Real estate – commercial & farmland		2,867		2,296		9,544		14,707		717,615		732,322		-
Real estate – residential		7,651		2,766		10,990		21,407		325,073		346,480		-
Consumer installment loans		702		391		815		1,908		38,270		40,178		-
Other		-		-		-		-		43,239		43,239		-
Total	$	11,825	$	6,097	$	34,287	$	52,209	$	1,398,426	$	1,450,635	$	-

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,
	2013		2012		2011
	(Dollars in Thousands)
Nonaccrual loans	$	29,203	$	38,885	$	70,823
Troubled debt restructurings not included above		17,214		18,744		17,951
Total impaired loans	$	46,417	$	57,629	$	88,774
Impaired loans not requiring a related allowance	$	-	$	-	$	-
Impaired loans requiring a related allowance	$	46,417	$	57,629	$	88,774
Allowance related to impaired loans	$	3,871	$	5,115	$	18,478
Average investment in impaired loans	$	51,721	$	70,209	$	88,320
Interest income recognized on impaired loans	$	522	$	495	$	637
Foregone interest income on impaired loans	$	418	$	718	$	613

The following table presents an analysis of information pertaining to impaired loans, excluding purchased non-covered and covered loans as of December 31, 2013 and 2012.

	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, 2013:
Commercial, financial & agricultural	$	6,240	$	-	$	4,618	$	4,618	$	435	$	4,844
Real estate – construction & development		11,363		-		5,867		5,867		512		8,341
Real estate – commercial & farmland		18,456		-		15,479		15,479		1,443		17,559
Real estate – residential		24,342		-		19,970		19,970		1,472		20,335
Consumer installment loans		623		-		483		483		9		642
Total	$	61,024	$	-	$	46,417	$	46,417	$	3,871	$	51,721

	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, 2012:
Commercial, financial & agricultural	$	8,024	$	-	$	4,940	$	4,940	$	743	$	4,968
Real estate – construction & development		20,316		-		11,016		11,016		910		11,706
Real estate – commercial & farmland		25,076		-		20,910		20,910		2,191		30,638
Real estate – residential		24,155		-		19,848		19,848		1,246		21,813
Consumer installment loans		1,187		-		915		915		25		1,084
Total	$	78,758	$	-	$	57,629	$	57,629	$	5,115	$	70,209

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, 2013 and 2012.

As of December 31, 2013:

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	$	66,983	$	-	$	265	$	419	$	6,714	$	-	$	74,382
15		24,789		4,655		147,157		52,335		1,276		-		230,212
20		93,852		45,195		431,790		150,343		18,619		33,252		773,049
23		127		8,343		10,219		12,641		274		-		31,605
25		50,373		78,736		181,645		103,427		6,310		-		420,491
30		2,111		2,876		11,849		13,558		197		-		30,591
40		6,011		6,566		25,398		19,153		859		-		57,987
50		127		-		-		10		-		-		137
60		-		-		-		-		-		-		-
Total	$	244,373	$	146,371	$	808,323	$	351,886	$	34,249	$	33,252	$	1,618,454

As of December 31, 2012:

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	$	24,623	$	–	$	309	$	464	$	7,597	$	-	$	32,993
15		11,316		4,373		147,966		71,254		1,591		-		236,500
20		79,522		31,413		351,997		114,418		21,361		43,239		641,950
23		42		8,521		9,012		13,788		70		-		31,433
25		49,071		52,577		176,395		113,591		7,576		-		399,210
30		2,343		3,394		19,401		9,672		488		-		35,298
40		7,200		13,765		27,242		23,292		1,495		-		72,994
50		100		156		-		1		-		-		257
60		-		-		-		-		-		-		-
Total	$	174,217	$	114,199	$	732,322	$	346,480	$	40,178	$	43,239	$	1,450,635

Summary of Trouble Debt Restructuring by Loan Class

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, 2013 and 2012.

As of December 31, 2013	Accruing Loans			Non-Accruing Loans
Loan class:	#	Balance (in thousands)		#	Balance (in thousands)
Commercial, financial & agricultural	4	$	515	3	$	525
Real estate – construction & development	8		1,896	2		32
Real estate – commercial & farmland	17		6,913	4		2,273
Real estate – residential	37		7,818	8		834
Consumer installment	6		72	3		19
Total	72	$	17,214	20	$	3,683

As of December 31, 2012	Accruing Loans			Non-Accruing Loans
Loan class:	#	Balance (in thousands)		#	Balance (in thousands)
Commercial, financial & agricultural	5	$	802	–	$	–
Real estate – construction & development	5		1,735	–		–
Real estate – commercial & farmland	16		8,947	3		4,149
Real estate – residential	28		7,254	2		1,022
Consumer installment	1		6	–		–
Total	55	$	18,744	5	$	5,171

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 those currently paying under restructured terms and those that have defaulted under restructured terms at December 31, 2013 and 2012.

As of December 31, 2013	Loans Currently Paying Under Restructured Terms			Loans that have Defaulted Under Restructured Terms
Loan class:	#	Balance (in thousands)		#	Balance (in thousands)
Commercial, financial & agricultural	4	$	515	3	$	525
Real estate – construction & development	8		1,896	2		32
Real estate – commercial & farmland	16		6,396	5		2,789
Real estate – residential	32		6,699	13		1,953
Consumer installment	7		90	2		2
Total	67	$	15,596	25	$	5,301

As of December 31, 2012	Loans Currently Paying Under Restructured Terms			Loans that have Defaulted Under Restructured Terms
Loan class:	#	Balance (in thousands)		#	Balance (in thousands)
Commercial, financial & agricultural	5	$	802	–	$	–
Real estate – construction & development	5		1,735	–		–
Real estate – commercial & farmland	16		8,947	3		4,149
Real estate – residential	28		7,254	2		1,022
Consumer installment	–		–	1		6
Total	54	$	18,738	6	$	5,177

Summary of Troubled Debt Restructuring by Concessions Made Types

The following table presents the amount of troubled debt restructurings, excluding purchased non-covered and covered loans, by types of concessions made, classified separately as accrual and non-accrual at December 31, 2013 and 2012.

As of December 31, 2013	Accruing Loans			Non-Accruing Loans
Type of Concession:	#	Balance (in thousands)		#	Balance (in thousands)
Forbearance of Interest	10	$	2,170	2	$	97
Forgiveness of Principal	3		1,467	1		145
Payment Modification Only	1		280	1		88
Rate Reduction Only	14		7,069	3		913
Rate Reduction, Forbearance of Interest	26		3,252	12		2,411
Rate Reduction, Forbearance of Principal	18		2,976	-		-
Rate Reduction, Payment Modification	-		-	1		29
Total	72	$	17,214	20	$	3,683

As of December 31, 2012	Accruing Loans			Non-Accruing Loans
Type of Concession:	#	Balance (in thousands)		#	Balance (in thousands)
Forbearance of Interest	2	$	1,873	-	$	-
Forgiveness of Principal	3		1,518	1		372
Payment Modification Only	2		376	-		-
Rate Reduction Only	11		7,075	1		177
Rate Reduction, Forbearance of Interest	18		4,061	2		3,420
Rate Reduction, Forbearance of Principal	18		3,798	-		-
Rate Reduction, Payment Modification	1		43	1		1,202
Total	55	$	18,744	5	$	5,171

Summary of Troubled Debt Restructurings by Collateral Types

The following table presents the amount of troubled debt restructurings, excluding purchased non-covered and covered loans, by collateral types, classified separately as accrual and non-accrual at December 31, 2013 and 2012.

As of December 31, 2013	Accruing Loans			Non-Accruing Loans
Collateral type:	#	Balance (in thousands)		#	Balance (in thousands)
Warehouse	4	$	1,346	2	$	592
Raw Land	11		2,345	2		32
Hotel & Motel	3		2,185	-		-
Office	4		1,909	-		-
Retail, including Strip Centers	4		1,095	2		1,680
1-4 Family Residential	36		7,747	9		852
Life Insurance Policy	1		250	-		-
Automobile/Equipment/Inventory	8		92	4		479
Unsecured	1		245	1		48
Total	72	$	17,214	20	$	3,683

As of December 31, 2012	Accruing Loans			Non-Accruing Loans
Collateral type:	#	Balance (in thousands)		#	Balance (in thousands)
Warehouse	3	$	1,692	1	$	177
Raw Land	2		1,337	-		-
Hotel & Motel	3		2,318	-		-
Office	4		2,105	1		2,770
Retail, including Strip Centers	6		2,833	1		1,202
1-4 Family Residential	31		7,651	2		1,022
Life Insurance Policy	1		250	-		-
Automobile/Equipment/Inventory	4		508	-		-
Unsecured	1		50	-		-
Total	55	$	18,744	5	$	5,171

Covered Loans [Member]

Summary of Financial Receivable Nonaccrual Basis

The following table presents an analysis of covered loans accounted for on a nonaccrual basis:
	December 31,
	2013		2012		2011		2010		2009
	(Dollars in Thousands)
Commercial, financial & agricultural	$	7,257	$	10,765	$	11,952	$	5,756	$	1,398
Real estate – construction & development		14,781		20,027		30,977		25,810		9,155
Real estate – commercial & farmland		33,495		55,946		75,458		29,519		8,109
Real estate – residential		13,278		28,672		41,139		25,946		4,602
Consumer installment loans		341		302		473		1,122		2,527
Total	$	69,152	$	115,712	$	159,999	$	88,153	$	25,791

Summary of Past Due Financial Receivables

The following table presents an analysis of covered past due loans as of December 31, 2013 and 2012:

	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, 2013:
Commercial, financial & agricultural	$	3,966	$	12	$	6,165	$	10,143	$	16,407	$	26,550	$	-
Real estate – construction & development		843		144		14,055		15,042		28,137		43,179		-
Real estate – commercial & farmland		8,482		4,350		26,428		39,260		185,191		224,451		346
Real estate – residential		7,648		1,914		10,244		19,806		75,367		95,173		-
Consumer installment loans		51		14		305		370		514		884		-
Total	$	20,990	$	6,434	$	57,197	$	84,621	$	305,616	$	390,237	$	346
	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, 2012:
Commercial, financial & agricultural	$	2,390	$	1,105	$	10,612	$	14,107	$	18,499	$	32,606	$	98
Real estate – construction & development		1,584		2,592		19,656		23,832		46,352		70,184		1,077
Real estate – commercial & farmland		11,451		7,373		52,570		71,394		207,112		278,506		1,347
Real estate – residential		6,066		3,396		24,976		34,438		90,618		125,056		779
Consumer installment loans		45		13		258		316		1,044		1,360		-
Total	$	21,536	$	14,479	$	108,072	$	144,087	$	363,625	$	507,712	$	3,301

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,
	2013		2012		2011
	(Dollars in Thousands)
Nonaccrual loans	$	69,152	$	115,712	$	159,999
Troubled debt restructurings not included above		22,243		17,090		19,884
Total impaired loans	$	91,395	$	132,802	$	179,883
Impaired loans not requiring a related allowance	$	91,395	$	132,802	$	179,883
Impaired loans requiring a related allowance	$	-	$	-	$	-
Allowance related to impaired loans	$	-	$	-	$	-
Average investment in impaired loans	$	110,830	$	163,825	$	138,950
Interest income recognized on impaired loans	$	968	$	849	$	526
Foregone interest income on impaired loans	$	330	$	491	$	202

The following table presents an analysis of information pertaining to covered impaired loans as of December 31, 2013 and 2012.

	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, 2013:
Commercial, financial & agricultural	$	9,680	$	7,270	$	-	$	7,270	$	-	$	8,696
Real estate – construction & development		20,915		18,037		-		18,037		-		21,794
Real estate – commercial & farmland		46,612		40,749		-		40,749		-		51,584
Real estate – residential		29,089		24,998		-		24,998		-		28,452
Consumer installment loans		394		341		-		341		-		304
Total	$	106,690	$	91,395	$	-	$	91,395	$	-	$	110,830

	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, 2012:
Commercial, financial & agricultural	$	15,888	$	10,802	$	-	$	10,802	$	-	$	12,506
Real estate – construction & development		30,979		22,948		-		22,948		-		29,970
Real estate – commercial & farmland		84,124		62,415		-		62,415		-		78,790
Real estate – residential		45,464		36,335		-		36,335		-		42,061
Consumer installment loans		373		302		-		302		-		498
Total	$	176,828	$	132,802	$	-	$	132,802	$	-	$	163,825

Summary of Credit Quality Indicate Financial Receivable

The following table presents the covered loan portfolio by risk grade as of December 31, 2013 and 2012.

As of December 31, 2013:

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		-		16		1,048		638		-		-		1,702
20		2,184		8,549		34,674		21,363		193		-		66,963
23		134		1,085		17,037		4,748		51		-		23,055
25		7,508		9,611		101,657		38,427		235		-		157,438
30		5,125		2,006		21,297		6,979		17		-		35,424
40		11,599		21,912		48,738		23,018		388		-		105,655
50		-		-		-		-		-		-		-
60		-		-		-		-		-		-		-
Total	$	26,550	$	43,179	$	224,451	$	95,173	$	884	$	-	$	390,237

As of December 31, 2012:

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		-		39		1,640		644		-		-		2,323
20		3,997		12,194		37,098		31,337		292		-		84,918
23		28		1,174		9,576		2,052		-		-		12,830
25		10,013		19,216		114,849		40,194		558		-		184,830
30		4,294		7,214		38,665		11,883		50		-		62,106
40		14,274		30,347		76,678		38,946		460		-		160,705
50		-		-		-		-		-		-		-
60		-		-		-		-		-		-		-
Total	$	32,606	$	70,184	$	278,506	$	125,056	$	1,360	$	-	$	507,712

Summary of Trouble Debt Restructuring 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 December 31, 2013 and 2012.

As of December 31, 2013	Accruing Loans			Non-Accruing Loans
Loan class:	#	Balance (in thousands)		#	Balance (in thousands)
Commercial, financial & agricultural	1	$	13	5	$	71
Real estate – construction & development	3		3,256	4		52
Real estate – commercial & farmland	13		7,255	5		3,946
Real estate – residential	83		11,719	8		942
Consumer installment	-		-	2		10
Total	100	$	22,243	24	$	5,021

As of December 31, 2012	Accruing Loans			Non-Accruing Loans
Loan class:	#	Balance (in thousands)		#	Balance (in thousands)
Commercial, financial & agricultural	1	$	37	1	$	-
Real estate – construction & development	6		2,921	4		806
Real estate – commercial & farmland	9		6,469	8		7,574
Real estate – residential	46		7,663	8		1,892
Consumer installment	-		-	-		-
Total	62	$	17,090	21	$	10,272

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 of covered loans, classified separately as those currently paying under restructured terms and those that have defaulted under restructured terms at December 31, 2013 and 2012.

As of December 31, 2013	Loans Currently Paying Under Restructured Terms			Loans that have Defaulted Under Restructured Terms
Loan class:	#	Balance (in thousands)		#	Balance (in thousands)
Commercial, financial & agricultural	5	$	45	1	$	40
Real estate – construction & development	5		3,273	2		34
Real estate – commercial & farmland	15		7,543	3		3,658
Real estate – residential	68		9,206	23		3,455
Consumer installment	2		10	-		-
Total	95	$	20,077	29	$	7,187

As of December 31, 2012	Loans Currently Paying Under Restructured Terms			Loans that have Defaulted Under Restructured Terms
Loan class:	#	Balance (in thousands)		#	Balance (in thousands)
Commercial, financial & agricultural	2	$	37	-	$	-
Real estate – construction & development	5		2,908	5		819
Real estate – commercial & farmland	7		4,964	10		9,079
Real estate – residential	42		7,522	12		2,034
Consumer installment	-		-	-		-
Total	56	$	15,430	27	$	11,932

Summary of Troubled Debt Restructuring by Concessions Made Types

The following table presents the amount of troubled debt restructurings included in covered loans, by types of concessions made, classified separately as accrual and non-accrual at December 31, 2013 and 2012.

As of December 31, 2013	Accruing Loans			Non-Accruing Loans
Type of Concession:	#	Balance (in thousands)		#	Balance (in thousands)
Forbearance of Interest	-	$	-	3	$	98
Forgiveness of Principal	-		-	-		-
Payment Modification Only	-		-	-		-
Rate Reduction Only	89		18,687	9		953
Rate Reduction, Forbearance of Interest	3		88	8		478
Rate Reduction, Forbearance of Principal	7		2,613	4		3,492
Rate Reduction, Payment Modification	1		855	-		-
Total	100	$	22,243	24	$	5,021

As of December 31, 2012	Accruing Loans			Non-Accruing Loans
Type of Concession:	#	Balance (in thousands)		#	Balance (in thousands)
Forbearance of Interest	3	$	245	5	$	1,074
Forgiveness of Principal	-		-	1		1,876
Payment Modification Only	-		-	-		-
Rate Reduction Only	51		14,402	11		2,497
Rate Reduction, Forbearance of Interest	4		461	2		1,369
Rate Reduction, Forbearance of Principal	4		1,982	2		3,456
Rate Reduction, Payment Modification	-		-	-		-
Total	62	$	17,090	21	$	10,272

Summary of Troubled Debt Restructurings by Collateral Types

The following table presents the amount of troubled debt restructurings included in covered loans, by collateral types, classified separately as accrual and non-accrual at December 31, 2013 and 2012.

As of December 31, 2013	Accruing Loans			Non-Accruing Loans
Collateral type:	#	Balance (in thousands)		#	Balance (in thousands)
Warehouse	-	$	-	1	$	377
Raw Land	1		375	3		37
Hotel & Motel	6		5,118	1		155
Office	1		855	1		78
Retail, including Strip Centers	6		3,853	2		3,337
1-4 Family Residential	85		12,029	11		966
Life Insurance Policy	-		-	-		-
Automobile/Equipment/Inventory	-		-	5		71
Unsecured	1		13	-		-
Total	100	$	22,243	24	$	5,021

As of December 31, 2012	Accruing Loans			Non-Accruing Loans
Collateral type:	#	Balance (in thousands)		#	Balance (in thousands)
Warehouse	1	$	382	-	$	-
Raw Land	3		2,489	3		791
Hotel & Motel	5		2,667	-		-
Office	-		-	1		90
Retail, including Strip Centers	4		3,652	7		7,484
1-4 Family Residential	47		7,845	9		1,907
Life Insurance Policy	-		-	-		-
Automobile/Equipment/Inventory	1		37	1		-
Unsecured	1		18	-		-
Total	62	$	17,090	21	$	10,272