LOANS (Tables)

6 Months Ended

Jun. 30, 2014

Schedule of Accounts Notes Loans and Financial Receivables

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

(Dollars in Thousands)	June 30, 2014		December 31, 2013		June 30, 2013
Commercial, financial and agricultural	$	304,588	$	244,373	$	208,424
Real estate – construction and development		149,346		146,371		134,607
Real estate – commercial and farmland		850,000		808,323		788,654
Real estate – residential		422,731		366,882		357,685
Consumer installment		31,902		34,249		36,923
Other		11,492		18,256		29,534
	$	1,770,059	$	1,618,454	$	1,555,827

Summary of Covered Loans According to Loan Type

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

(Dollars in Thousands)	June 30, 2014		December 31, 2013		June 30, 2013
Commercial, financial and agricultural	$	25,209	$	26,550	$	27,371
Real estate – construction and development		31,600		43,179		52,972
Real estate – commercial and farmland		188,643		224,451		255,102
Real estate – residential		85,518		95,173		107,107
Consumer installment		280		884		965
	$	331,250	$	390,237	$	443,517

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 six months ended June 30, 2014, the year ended December 31, 2013 and the six months ended June 30, 2013. 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, 2014	$	1,823		$	5,538		$	8,393		$	6,034		$	589		$	22,377
Provision for loan losses		1,087			(89	)		1,074			(66	)		492			2,498
Loans charged off		(908	)		(222	)		(1,302	)		(933	)		(214	)		(3,579	)
Recoveries of loans previously charged off		183			204			152			131			288			958
Balance, June 30, 2014	$	2,185		$	5,431		$	8,317		$	5,166		$	1,155		$	22,254
Period-end amount allocated to:
Loans individually evaluated for impairment	$	282		$	710		$	1,652		$	801		$	—		$	3,445
Loans collectively evaluated for impairment		1,903			4,721			6,665			4,365			1,155			18,809
Ending balance	$	2,185		$	5,431		$	8,317		$	5,166		$	1,155		$	22,254
Loans:
Individually evaluated for impairment	$	855		$	3,264		$	16,865		$	11,538		$	—		$	32,522
Collectively evaluated for impairment		303,733			146,082			833,135			411,193			43,394			1,737,537
Ending balance	$	304,588		$	149,346		$	850,000		$	422,731		$	43,394		$	1,770,059
	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			349,957			52,505			1,579,251
Ending balance	$	244,373		$	146,371		$	808,323		$	366,882		$	52,505		$	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, 2013	$	2,439		$	5,343		$	9,157		$	5,898		$	756		$	23,593
Provision for loan losses		1,118			1,526			1,420			2,340			(106	)		6,298
Loans charged off		(734	)		(1,231	)		(1,793	)		(2,107	)		(371	)		(6,236	)
Recoveries of loans previously charged off		128			4			13			229			188			562
Balance, June 30, 2013	$	2,951		$	5,642		$	8,797		$	6,360		$	467		$	24,217
Period-end amount allocated to:
Loans individually evaluated for impairment	$	876		$	467		$	1,629		$	1,573		$	—		$	4,545
Loans collectively evaluated for impairment		2,075			5,175			7,168			4,787			467			19,672
Ending balance	$	2,951		$	5,642		$	8,797		$	6,360		$	467		$	24,217
Loans:
Individually evaluated for impairment	$	3,705		$	3,935		$	15,842		$	15,329		$	—		$	38,811
Collectively evaluated for impairment		204,719			130,672			772,812			342,356			66,457			1,517,016
Ending balance	$	208,424		$	134,607		$	788,654		$	357,685		$	66,457		$	1,555,827

Purchased Non-Covered Loans [Member]

Summary 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:

(Dollars in Thousands)	June 30, 2014		December 31, 2013		June 30, 2013
Commercial, financial and agricultural	$	41,583	$	32,141	$	—
Real estate – construction and development		64,084		31,176		—
Real estate – commercial and farmland		311,748		179,898		—
Real estate – residential		278,451		200,851		—
Consumer installment		6,265		4,687		—
	$	702,131	$	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:

(Dollars in Thousands)	June 30, 2014		December 31, 2013		June 30, 2013
Commercial, financial and agricultural	$	143	$	11	$	—
Real estate – construction and development		2,273		325		—
Real estate – commercial and farmland		6,647		1,653		—
Real estate – residential		6,658		4,658		—
Consumer installment		49		12		—
	$	15,770	$	6,659	$	—

Summary of Past Due Financial Receivables

The following table presents an aging analysis of purchased non-covered past due loans based on the recorded basis as of June 30, 2014 and December 31, 2013. There were no purchased non-covered loans as of June 30, 2013:

	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 June 30, 2014:
Commercial, financial & agricultural	$	137	$	26	$	143	$	306	$	41,277	$	41,583	$	—
Real estate – construction & development		712		168		2,165		3,045		61,039		64,084		—
Real estate – commercial & farmland		1,263		1,605		6,647		9,515		302,233		311,748		—
Real estate – residential		6,952		983		6,144		14,079		264,372		278,451		—
Consumer installment loans		23		29		47		99		6,166		6,265		—
Total	$	9,087	$	2,811	$	15,146	$	27,044	$	675,087	$	702,131	$	—
	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	$	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 Period Ended
	June 30, 2014		December 31, 2013		June 30, 2013
	(Dollars in Thousands)
Nonaccrual loans	$	15,770	$	6,659	$	—
Troubled debt restructurings not included above		—		—		—
Total impaired loans	$	15,770	$	6,659	$	—
Impaired loans not requiring a related allowance	$	15,770	$	6,659	$	—
Impaired loans requiring a related allowance	$	—	$	—	$	—
Allowance related to impaired loans	$	—	$	—	$	—
Average investment in impaired loans	$	12,582	$	128	$	—
Interest income recognized on impaired loans	$	16	$	—	$	—
Foregone interest income on impaired loans	$	158	$	—	$	—

The following table presents an analysis of information pertaining to impaired purchased non-covered loans as of June 30, 2014 and December 31, 2013. There were no purchased non-covered loans as of June 30, 2013:

	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 June 30, 2014:
Commercial, financial & agricultural	$	550	$	143	$	—	$	143	$	—	$	90
Real estate – construction & development		4,649		2,273		—		2,273		—		1,243
Real estate – commercial & farmland		9,848		6,647		—		6,647		—		5,043
Real estate – residential		10,598		6,658		—		6,658		—		6,175
Consumer installment loans		65		49		—		49		—		31
Total	$	25,710	$	15,770	$	—	$	15,770	$	—	$	12,582
	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		542		325		—		325		—		6
Real estate – commercial & farmland		2,673		1,653		—		1,653		—		32
Real estate – residential		7,712		4,658		—		4,658		—		90
Consumer installment loans		20		12		—		12		—		—
Total	$	10,996	$	6,659	$	—	$	6,659	$	—	$	128

Summary of Credit Quality Indicate Financial Receivable

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

Risk Grade	Commercial, financial & agricultural		Real estate - construction & development		Real estate - commercial & farmland		Real estate - residential		Consumer installment loans		Other		Total
	(Dollars in Thousands)
10	$	3,494	$	—	$	—	$	293	$	557	$	—	$	4,344
15		4,728		245		14,191		15,839		537		—		35,540
20		11,567		12,905		94,598		64,937		2,683		—		186,690
23		—		—		—		165		—		—		165
25		18,251		42,127		175,427		178,523		2,343		—		416,671
30		3,162		4,722		16,078		8,326		21		—		32,309
40		381		4,085		11,454		10,368		124		—		26,412
50		—		—		—		—		—		—		—
60		—		—		—		—		—		—		—
Total	$	41,583	$	64,084	$	311,748	$	278,451	$	6,265	$	—	$	702,131

The following table presents the purchased non-covered loan portfolio by risk grade 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

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:

(Dollars in Thousands)	June 30, 2014		December 31, 2013		June 30, 2013
Commercial, financial and agricultural	$	1,596	$	4,103	$	4,326
Real estate – construction and development		3,452		3,971		5,448
Real estate – commercial and farmland		8,831		8,566		8,963
Real estate – residential		7,795		12,152		12,423
Consumer installment		437		411		651
	$	22,111	$	29,203	$	31,811

Summary of Past Due Financial Receivables

The following table presents an aging analysis of loans, excluding purchased non-covered and covered past due loans as of June 30, 2014, December 31, 2013 and June 30, 2013:

	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 June 30, 2014:
Commercial, financial & agricultural	$	1,180	$	966	$	1,077	$	3,223	$	301,365	$	304,588	$	—
Real estate – construction & development		3,942		296		3,449		7,687		141,659		149,346		—
Real estate – commercial & farmland		4,622		1,860		7,404		13,886		836,114		850,000		—
Real estate – residential		5,806		3,829		7,197		16,832		405,899		422,731		—
Consumer installment loans		345		176		310		831		31,071		31,902		—
Other		—		—		—		—		11,492		11,492		—
Total	$	15,895	$	7,127	$	19,437	$	42,459	$	1,727,600	$	1,770,059	$	—
	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		348,138		366,882		—
Consumer installment loans		568		197		305		1,070		33,179		34,249		—
Other		—		—		—		—		18,256		18,256		—
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 June 30, 2013:
Commercial, financial & agricultural	$	1,449	$	502	$	4,013	$	5,964	$	202,460	$	208,424	$	—
Real estate – construction & development		1,638		104		5,418		7,160		127,447		134,607		—
Real estate – commercial & farmland		5,392		1,580		5,333		12,305		776,349		788,654		—
Real estate – residential		4,735		5,256		11,745		21,736		335,949		357,685		—
Consumer installment loans		432		175		548		1,155		35,768		36,923		—
Other		—		—		—		—		29,534		29,534		—
Total	$	13,646	$	7,617	$	27,057	$	48,320	$	1,507,507	$	1,555,827	$	—

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
	June 30, 2014		December 31, 2013		June 30, 2013
	(Dollars in Thousands)
Nonaccrual loans	$	22,111	$	29,203	$	31,811
Troubled debt restructurings not included above		17,337		17,214		18,015
Total impaired loans	$	39,448	$	46,417	$	49,826
Impaired loans not requiring a related allowance	$	—	$	—	$	—
Impaired loans requiring a related allowance	$	39,448	$	46,417	$	49,826
Allowance related to impaired loans	$	3,619	$	3,871	$	5,072
Average investment in impaired loans	$	43,814	$	51,721	$	54,481
Interest income recognized on impaired loans	$	42	$	522	$	451
Foregone interest income on impaired loans	$	23	$	418	$	172

The following table presents an analysis of information pertaining to impaired loans, excluding purchased non-covered and covered loans as of June 30, 2014, December 31, 2013 and June 30, 2013.

	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 June 30, 2014:
Commercial, financial & agricultural	$	3,398	$	—	$	1,852	$	1,852	$	298	$	3,397
Real estate – construction & development		9,336		—		5,532		5,532		798		5,811
Real estate – commercial & farmland		19,215		—		16,421		16,421		1,629		16,394
Real estate – residential		18,313		—		15,131		15,131		884		17,698
Consumer installment loans		638		—		512		512		10		514
Total	$	50,900	$	—	$	39,448	$	39,448	$	3,619	$	43,814

	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 June 30, 2013:
Commercial, financial & agricultural	$	7,723	$	—	$	5,384	$	5,384	$	1,018	$	4,960
Real estate – construction & development		15,324		—		7,394		7,394		687		9,894
Real estate – commercial & farmland		19,759		—		16,491		16,491		1,657		18,692
Real estate – residential		23,373		—		19,893		19,893		1,692		20,178
Consumer installment loans		808		—		664		664		18		757
Total	$	66,987	$	—	$	49,826	$	49,826	$	5,072	$	54,481

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 June 30, 2014.

Risk Grade	Commercial, financial & agricultural		Real estate - construction & development		Real estate - commercial & farmland		Real estate - residential		Consumer installment loans		Other		Total
	(Dollars in Thousands)
10	$	103,726	$	—	$	255	$	505	$	6,356	$	—	$	110,842
15		24,620		4,678		141,846		54,388		1,120		—		226,652
20		102,278		48,008		460,715		226,149		17,714		11,492		866,356
23		123		9,215		9,318		9,479		294		—		28,429
25		65,882		77,973		197,381		103,846		5,281		—		450,363
30		4,004		2,680		12,914		13,568		194		—		33,360
40		3,955		6,792		27,571		14,786		943		—		54,047
50		—		—		—		10		—		—		10
60		—		—		—		—		—		—		—
Total	$	304,588	$	149,346	$	850,000	$	422,731	$	31,902	$	11,492	$	1,770,059

The following table presents the loan portfolio, excluding purchased non-covered and covered loans, by risk grade 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	$	—	$	74,381
15		24,789		4,655		147,157		52,335		1,276		—		230,212
20		93,852		45,195		431,790		165,339		18,619		18,256		773,051
23		127		8,343		10,219		12,641		274		—		31,604
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	$	366,882	$	34,249	$	18,256	$	1,618,454

The following table presents the loan portfolio, excluding purchased non-covered and covered loans, by risk grade as of June 30, 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	$	37,173	$	—	$	298	$	498	$	6,883	$	—	$	44,852
15		17,783		4,934		154,369		63,078		1,527		—		241,691
20		82,636		36,654		402,677		137,518		19,586		29,534		708,605
23		108		6,878		9,575		13,104		165		—		29,830
25		60,981		75,273		189,109		110,244		7,497		—		443,104
30		3,154		3,183		12,104		10,666		159		—		29,266
40		5,991		7,685		20,522		22,577		1,104		—		57,879
50		598		—		—		—		—		—		598
60		—		—		—		—		2		—		2
Total	$	208,424	$	134,607	$	788,654	$	357,685	$	36,923	$	29,534	$	1,555,827

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 June 30, 2014, December 31, 2013 and June 30, 2013:

As of June 30, 2014	Accruing Loans				Non-Accruing Loans
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		3	$	257		3	$	465
Real estate – construction & development		12		2,080		2		32
Real estate – commercial & farmland		19		7,590		4		2,151
Real estate – residential		38		7,335		8		1,044
Consumer installment		14		75		5		51
Total		86	$	17,337		22	$	3,743
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 June 30, 2013	Accruing Loans				Non-Accruing Loans
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		7	$	1,059		—	$	—
Real estate – construction & development		7		1,946		1		29
Real estate – commercial & farmland		16		7,529		2		1,493
Real estate – residential		30		7,468		6		1,046
Consumer installment		1		13		—		—
Total		61	$	18,015		9	$	2,568

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 (defined as 30 days past due) under restructured terms at June 30, 2014, December 31, 2013 and June 30, 2013:

As of June 30, 2014	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	$	272		1	$	449
Real estate – construction & development		10		2,042		4		69
Real estate – commercial & farmland		20		7,895		3		1,846
Real estate – residential		34		6,582		12		1,798
Consumer installment		14		92		5		35
Total		83	$	16,883		25	$	4,197
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 June 30, 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		7	$	1,059		—	$	—
Real estate – construction & development		7		1,946		1		29
Real estate – commercial & farmland		16		7,529		2		1,493
Real estate – residential		31		7,788		5		726
Consumer installment		1		13		—		—
Total		62	$	18,335		8	$	2,248

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 June 30, 2014, December 31, 2013 and June 30, 2013:

As of June 30, 2014	Accruing Loans				Non-Accruing Loans
Type of concession:	#		Balance (in thousands)		#		Balance (in thousands)
Forbearance of interest		12	$	2,145		—	$	—
Forgiveness of principal		5		2,448		—		—
Rate reduction only		14		6,842		5		1,176
Rate reduction, forbearance of interest		38		3,204		14		2,522
Rate reduction, forbearance of principal		17		2,698		2		16
Rate reduction, payment modification		—		—		1		29
Total		86	$	17,337		22	$	3,743
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 June 30, 2013	Accruing Loans				Non-Accruing Loans
Type of concession:	#		Balance (in thousands)		#		Balance (in thousands)
Forbearance of interest		9	$	2,168		2	$	105
Forgiveness of principal		3		1,493		1		145
Payment modification only		2		373		—		—
Rate reduction only		12		6,924		2		496
Rate reduction, forbearance of interest		18		4,724		1		222
Rate reduction, forbearance of principal		17		2,333		2		1,571
Rate reduction, payment modification		—		—		1		29
Total		61	$	18,015		9	$	2,568

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 June 30, 2014, December 31, 2013 and June 30, 2013:

As of June 30, 2014	Accruing Loans				Non-Accruing Loans
Collateral type:	#		Balance (in thousands)		#		Balance (in thousands)
Warehouse		4	$	1,385		2	$	469
Raw land		5		1,279		1		29
Agricultural land		2		374		—		—
Hotel & motel		3		2,101		—		—
Office		4		1,644		—		—
Retail, including strip centers		5		1,722		2		1,682
1-4 family residential		46		8,144		10		1,063
Church		1		364		—		—
Automobile/equipment/inventory		15		84		7		500
Unsecured		1		240		—		—
Total		86	$	17,337		22	$	3,743
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 June 30, 2013	Accruing Loans				Non-Accruing Loans
Collateral type:	#		Balance (in thousands)		#		Balance (in thousands)
Warehouse		2	$	345		2	$	1,493
Raw land		3		1,354		1		29
Agricultural land		1		66		—		—
Hotel & motel		3		2,233		—		—
Office		4		2,085		—		—
Retail, including strip centers		6		2,800		—		—
1-4 family residential		34		8,061		6		1,046
Life insurance policy		1		249		—		—
Automobile/equipment/inventory		5		522		—		—
Unsecured		2		300		—		—
Total		61	$	18,015		9	$	2,568

Covered Loans [Member]

Summary of Financial Receivable Nonaccrual Basis

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

(Dollars in Thousands)	June 30, 2014		December 31, 2013		June 30, 2013
Commercial, financial and agricultural	$	12,254	$	7,257	$	8,729
Real estate – construction and development		8,028		14,781		17,039
Real estate – commercial and farmland		17,027		33,495		47,427
Real estate – residential		8,702		13,278		15,459
Consumer installment		127		341		285
	$	46,138	$	69,152	$	88,939

Summary of Past Due Financial Receivables

The following table presents an aging analysis of covered loans as of June 30, 2014, December 31, 2013 and June 30, 2013:

	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 June 30, 2014:
Commercial, financial & agricultural	$	16	$	467	$	6,909	$	7,392	$	17,817	$	25,209	$	—
Real estate – construction & development		551		459		7,708		8,718		22,882		31,600		—
Real estate – commercial & farmland		6,399		139		10,443		16,981		171,662		188,643		—
Real estate – residential		2,490		690		5,939		9,119		76,399		85,518		—
Consumer installment loans		—		49		56		105		175		280		—
Total	$	9,456	$	1,804	$	31,055	$	42,315	$	288,935	$	331,250	$	—
	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	$	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 June 30, 2013:
Commercial, financial & agricultural	$	529	$	441	$	7,333	$	8,303	$	19,068	$	27,371	$	63
Real estate – construction & development		2,672		743		15,911		19,326		33,646		52,972		348
Real estate – commercial & farmland		4,020		3,929		41,250		49,199		205,903		255,102		636
Real estate – residential		6,283		772		12,155		19,210		87,897		107,107		60
Consumer installment loans		68		6		255		329		636		965		—
Total	$	13,572	$	5,891	$	76,904	$	96,367	$	347,150	$	443,517	$	1,107

Summary of Impaired Financial Receivables

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

	As of and For the Period Ended
	June 30, 2014		December 31, 2013		June 30, 2013
	(Dollars in Thousands)
Nonaccrual loans	$	46,138	$	69,152	$	88,939
Troubled debt restructurings not included above		9,221		8,409		10,253
Total impaired loans	$	55,359	$	77,561	$	99,192
Impaired loans not requiring a related allowance	$	55,359	$	77,561	$	99,192
Impaired loans requiring a related allowance	$	—	$	—	$	—
Allowance related to impaired loans	$	—	$	—	$	—
Average investment in impaired loans	$	70,932	$	94,873	$	104,473
Interest income recognized on impaired loans	$	214	$	968	$	784
Foregone interest income on impaired loans	$	94	$	330	$	242

The following table presents an analysis of information pertaining to impaired covered loans as of June 30, 2014, December 31, 2013 and June 30, 2013:

	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 June 30, 2014:
Commercial, financial & agricultural	$	14,617	$	12,254	$	—	$	12,254	$	—	$	10,525
Real estate – construction & development		9,780		8,028		—		8,028		—		13,380
Real estate – commercial & farmland		21,236		18,093		—		18,093		—		27,174
Real estate – residential		18,662		16,857		—		16,857		—		19,641
Consumer installment loans		161		127		—		127		—		212
Total	$	64,456	$	55,359	$	—	$	55,359	$	—	$	70,932
	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	$	9,598	$	7,257	$	—	$	7,257	$	—	$	8,676
Real estate – construction & development		17,540		14,781		—		14,781		—		17,909
Real estate – commercial & farmland		39,056		34,074		—		34,074		—		44,652
Real estate – residential		24,819		21,108		—		21,108		—		23,332
Consumer installment loans		394		341		—		341		—		304
Total	$	91,407	$	77,561	$	—	$	77,561	$	—	$	94,873
	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 June 30, 2013:
Commercial, financial & agricultural	$	12,151	$	8,769	$	—	$	8,769	$	—	$	9,417
Real estate – construction & development		24,044		19,198		—		19,198		—		19,394
Real estate – commercial & farmland		58,538		48,000		—		48,000		—		50,508
Real estate – residential		27,794		22,940		—		22,940		—		24,877
Consumer installment loans		340		285		—		285		—		277
Total	$	122,867	$	99,192	$	—	$	99,192	$	—	$	104,473

Summary of Credit Quality Indicate Financial Receivable

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

Risk Grade	Commercial, financial & agricultural		Real estate - construction & development		Real estate - commercial & farmland		Real estate - residential		Consumer installment loans		Other		Total
	(Dollars in Thousands)
10	$	—	$	—	$	—	$	—	$	—	$	—	$	—
15		—		2		822		629		—		—		1,453
20		1,133		5,524		33,050		17,143		68		—		56,918
23		124		555		15,528		5,557		—		—		21,764
25		6,569		9,251		94,504		36,507		40		—		146,871
30		4,398		4,802		9,959		8,326		2		—		27,487
40		12,985		11,466		34,780		17,356		170		—		76,757
50		—		—		—		—		—		—		—
60		—		—		—		—		—		—		—
Total	$	25,209	$	31,600	$	188,643	$	85,518	$	280	$	—	$	331,250

The following table presents the covered loan portfolio by risk grade 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

The following table presents the covered loan portfolio by risk grade as of June 30, 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		—		27		1,571		634		—		—		2,232
20		2,815		10,533		36,360		25,277		231		—		75,216
23		69		1,666		11,323		2,671		—		—		15,729
25		8,469		11,574		118,867		41,408		348		—		180,666
30		1,999		3,505		26,144		9,175		25		—		40,848
40		14,019		25,667		60,837		27,942		361		—		128,826
50		—		—		—		—		—		—		—
60		—		—		—		—		—		—		—
Total	$	27,371	$	52,972	$	255,102	$	107,107	$	965	$	—	$	443,517

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 June 30, 2014, December 31, 2013 and June 30, 2013:

As of June 30, 2014	Accruing Loans				Non-Accruing Loans
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		—	$	—		1	$	24
Real estate – construction & development		—		—		1		14
Real estate – commercial & farmland		5		1,066		2		152
Real estate – residential		82		8,155		7		403
Consumer installment		—		—		1		4
Total		87	$	9,221		12	$	597
As of December 31, 2013	Accruing Loans				Non-Accruing Loans
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		—	$	—		2	$	67
Real estate – construction & development		—		—		1		16
Real estate – commercial & farmland		4		579		1		134
Real estate – residential		72		7,830		6		464
Consumer installment		—		—		1		5
Total		76	$	8,409		11	$	686
As of June 30, 2013	Accruing Loans				Non-Accruing Loans
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		1	$	40		—	$	—
Real estate – construction & development		2		2,159		1		10
Real estate – commercial & farmland		4		573		1		19
Real estate – residential		63		7,481		2		122
Consumer installment		—		—		—		—
Total		70	$	10,253		4	$	151

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 June 30, 2014, December 31, 2013 and June 30, 2013:

As of June 30, 2014	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	$	24		—	$	—
Real estate – construction & development		—		—		1		14
Real estate – commercial & farmland		7		1,217		—		—
Real estate – residential		76		7,297		13		1,262
Consumer installment		1		4		—		—
Total		85	$	8,542		14	$	1,276
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	$	27		1	$	40
Real estate – construction & development		1		16		—		—
Real estate – commercial & farmland		5		713		—		—
Real estate – residential		58		5,830		20		2,463
Consumer installment		1		6		—		—
Total		66	$	6,592		21	$	2,503
As of June 30, 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	$	40		—	$	—
Real estate – construction & development		2		2,159		1		11
Real estate – commercial & farmland		5		592		—		—
Real estate – residential		57		5,808		8		1,794
Consumer installment		—		—		—		—
Total		65	$	8,599		9	$	1,805

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 June 30, 2014, December 31, 2013 and June 30, 2013:

As of June 30, 2014	Accruing Loans				Non-Accruing Loans
Type of Concession:	#		Balance (in thousands)		#		Balance (in thousands)
Forbearance of Interest		—	$	—		1	$	24
Forbearance of Principal		—		—		1		26
Rate Reduction Only		78		7,835		6		374
Rate Reduction, Forbearance of Interest		3		88		3		45
Rate Reduction, Forbearance of Principal		6		1,298		1		128
Total		87	$	9,221		12	$	597
As of December 31, 2013	Accruing Loans				Non-Accruing Loans
Type of Concession:	#		Balance (in thousands)		#		Balance (in thousands)
Rate Reduction Only		68	$	7,510		6	$	457
Rate Reduction, Forbearance of Interest		3		88		4		96
Rate Reduction, Forbearance of Principal		5		811		1		133
Total		76	$	8,409		11	$	686
As of June 30, 2013	Accruing Loans				Non-Accruing Loans
Type of Concession:	#		Balance (in thousands)		#		Balance (in thousands)
Forbearance of Interest		4	$	260		1	$	11
Rate Reduction Only		57		9,051		3		140
Rate Reduction, Forbearance of Interest		4		129		—		—
Rate Reduction, Forbearance of Principal		5		813		—		—
Total		70	$	10,253		4	$	151

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 June 30, 2014, December 31, 2013 and June 30, 2013:

As of June 30, 2014	Accruing Loans				Non-Accruing Loans
Collateral type:	#		Balance (in thousands)		#		Balance (in thousands)
Raw Land		—	$	—		2	$	38
Hotel & Motel		1		175		—		—
Office		1		488		—		—
Retail, including Strip Centers		2		280		1		128
1-4 Family Residential		83		8,278		8		407
Automobile/Equipment/Inventory		—		—		1		24
Total		87	$	9,221		12	$	597
As of December 31, 2013	Accruing Loans				Non-Accruing Loans
Collateral type:	#		Balance (in thousands)		#		Balance (in thousands)
Raw Land		—	$	—		1	$	16
Hotel & Motel		1		172		—		—
Retail, including Strip Centers		2		283		1		134
1-4 Family Residential		73		7,954		7		469
Automobile/Equipment/Inventory		—		—		2		67
Total		76	$	8,409		11	$	686
As of June 30, 2013	Accruing Loans				Non-Accruing Loans
Collateral type:	#		Balance (in thousands)		#		Balance (in thousands)
Raw Land		1	$	366		1	$	10
Hotel & Motel		1		170		—		—
Retail, including Strip Centers		2		277		1		19
1-4 Family Residential		65		9,400		2		122
Automobile/Equipment/Inventory		1		40		—		—
Total		70	$	10,253		4	$	151