Loans (Tables)

9 Months Ended

Sep. 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)	September 30, 2014		December 31, 2013		September 30, 2013
Commercial, financial and agricultural	$	334,783	$	244,373	$	244,991
Real estate – construction and development		154,315		146,371		132,277
Real estate – commercial and farmland		882,160		808,323		799,149
Real estate – residential		436,515		366,882		355,920
Consumer installment		31,403		34,249		36,303
Other		9,583		18,256		20,627
	$	1,848,759	$	1,618,454	$	1,589,267

Summary of Covered Loans According to Loan Type

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

(Dollars in Thousands)	September 30, 2014		December 31, 2013		September 30, 2013
Commercial, financial and agricultural	$	22,545	$	26,550	$	27,768
Real estate – construction and development		27,756		43,179		50,702
Real estate – commercial and farmland		180,566		224,451		237,086
Real estate – residential		82,445		95,173		101,146
Consumer installment		277		884		947
	$	313,589	$	390,237	$	417,649

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 periods indicated. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories.

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

	Commercial, financial & agricultural			Real estate – construction & development			Real estate – commercial & farmland			Real estate – residential			Consumer installment loans and Other			Purchased non-covered loans		Covered loans			Total
	(Dollars in Thousands)
Twelve months ended December 31, 2013:
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			—		1,539			11,486
Loans charged off		(1,759	)		(2,020	)		(3,571	)		(5,215	)		(719	)		—		(1,539	)		(14,823	)
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			381,588		173,190			2,134,029
Acquired with deteriorated credit quality		—			—			—			—			—			67,165		217,047			284,212
Ending balance	$	244,373		$	146,371		$	808,323		$	366,882		$	52,505		$	448,753	$	390,237		$	2,457,444

	Commercial, financial & agricultural			Real estate – construction & development			Real estate – commercial & farmland			Real estate – residential			Consumer installment loans and Other			Purchased non- covered loans		Covered loans			Total
	(Dollars in Thousands)
Three months ended September 30, 2013:
Balance, June 30, 2013	$	2,951		$	5,642		$	8,797		$	6,360		$	467		$	—	$	—		$	24,217
Provision for loan losses		(107	)		601			1,212			626			117			—		471			2,920
Loans charged off		(482	)		(367	)		(1,080	)		(1,323	)		(205	)		—		(471	)		(3,928	)
Recoveries of loans previously charged off		212			84			5			291			53			—		—			645
Balance, September 30, 2013	$	2,574		$	5,960		$	8,934		$	5,954		$	432		$	—	$	—		$	23,854
Nine months ended September 30, 2013:
Balance, January 1, 2013	$	2,439		$	5,343		$	9,157		$	5,898		$	756		$	—	$	—		$	23,593
Provision for loan losses		1,011			2,127			2,632			2,966			11			—		1,261			10,008
Loans charged off		(1,216	)		(1,598	)		(2,873	)		(3,430	)		(576	)		—		(1,261	)		(10,954	)
Recoveries of loans previously charged off		340			88			18			520			241			—		—			1,207
Balance, September 30, 2013	$	2,574		$	5,960		$	8,934		$	5,954		$	432		$	—	$	—		$	23,854
Period-end amount allocated to:
Loans individually evaluated for impairment	$	741		$	682		$	1,997		$	1,429		$	—		$	—	$	—		$	4,849
Loans collectively evaluated for impairment		1,833			5,278			6,937			4,525			432			—		—			19,005
Ending balance	$	2,574		$	5,960		$	8,934		$	5,954		$	432		$	—	$	—		$	23,854
Loans:
Individually evaluated for impairment	$	3,657		$	3,524		$	14,605		$	16,919		$	—		$	—	$	—		$	38,705
Collectively evaluated for impairment		241,334			128,753			784,544			339,001			56,930			—		186,060			1,736,622
Acquired with deteriorated credit quality		—			—			—			—			—			—		231,589			231,589
Ending balance	$	244,991		$	132,277		$	799,149		$	355,920		$	56,930		$	—	$	417,649		$	2,006,916

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)	September 30, 2014		December 31, 2013		September 30, 2013
Commercial, financial and agricultural	$	38,077	$	32,141	$	—
Real estate – construction and development		60,262		31,176		—
Real estate – commercial and farmland		296,790		179,898		—
Real estate – residential		273,347		200,851		—
Consumer installment		5,248		4,687		—
	$	673,724	$	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)	September 30, 2014		December 31, 2013		September 30, 2013
Commercial, financial and agricultural	$	54	$	11	$	—
Real estate – construction and development		1,969		325		—
Real estate – commercial and farmland		8,776		1,653		—
Real estate – residential		6,132		4,658		—
Consumer installment		76		12		—
	$	17,007	$	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 September 30, 2014 and December 31, 2013. There were no purchased non-covered loans as of September 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 September 30, 2014:
Commercial, financial & agricultural	$	33	$	46	$	55	$	134	$	37,943	$	38,077	$	—
Real estate – construction & development		520		135		3,069		3,724		56,538		60,262		1,100
Real estate – commercial & farmland		3,497		1,227		8,266		12,990		283,800		296,790		258
Real estate – residential		3,915		1,440		5,929		11,284		262,063		273,347		—
Consumer installment loans		36		5		76		117		5,131		5,248		—
Total	$	8,001	$	2,853	$	17,395	$	28,249	$	645,475	$	673,724	$	1,358
	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
	September 30, 2014		December 31, 2013		September 30, 2013
	(Dollars in Thousands)
Nonaccrual loans	$	17,007	$	6,659	$	—
Troubled debt restructurings not included above		583		—		—
Total impaired loans	$	17,590	$	6,659	$	—
Quarter-to-date interest income recognized on impaired loans	$	19	$	—	$	—
Year-to-date interest income recognized on impaired loans	$	35	$	—	$	—
Quarter-to-date foregone interest income on impaired loans	$	18	$	—	$	—
Year-to-date foregone interest income on impaired loans	$	176	$	—	$	—

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

	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Three Month Average Recorded Investment		Nine Month Average Recorded Investment
	(Dollars in Thousands)
As of September 30, 2014:
Commercial, financial & agricultural	$	438	$	54	$	—	$	54	$	—	$	98	$	81
Real estate – construction & development		3,794		2,274		—		2,274		—		2,273		1,501
Real estate – commercial & farmland		12,354		8,776		—		8,776		—		7,712		5,976
Real estate – residential		9,610		6,407		—		6,407		—		6,533		6,233
Consumer installment loans		184		79		—		79		—		64		43
Total	$	26,380	$	17,590	$	—	$	17,590	$	—	$	16,680	$	13,834
	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Three Month Average Recorded Investment		Twelve Month Average Recorded Investment
	(Dollars in Thousands)
As of December 31, 2013:
Commercial, financial & agricultural	$	19	$	11	$	—	$	11	$	—	$	1	$	—
Real estate – construction & development		542		325		—		325		—		25		6
Real estate – commercial & farmland		2,673		1,653		—		1,653		—		126		32
Real estate – residential		7,712		4,658		—		4,658		—		354		90
Consumer installment loans		20		12		—		12		—		1		—
Total	$	10,996	$	6,659	$	—	$	6,659	$	—	$	507	$	128

Summary of Credit Quality Indicate Financial Receivable

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

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

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

There were no purchased non-covered loans as of September 30, 2013.

Summary of Troubled Debt Restructurings by Loan Class

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

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

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)	September 30, 2014		December 31, 2013		September 30, 2013
Commercial, financial and agricultural	$	2,695	$	4,103	$	4,198
Real estate – construction and development		3,037		3,971		4,229
Real estate – commercial and farmland		8,983		8,566		9,548
Real estate – residential		7,608		12,152		13,303
Consumer installment		487		411		442
	$	22,810	$	29,203	$	31,720

Summary of Past Due Financial Receivables

The following table presents an aging analysis of loans, excluding purchased non-covered and covered past due loans as of September 30, 2014, December 31, 2013 and September 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 September 30, 2014:
Commercial, financial & agricultural	$	271	$	400	$	2,483	$	3,154	$	331,629	$	334,783	$	—
Real estate – construction & development		1,232		285		2,899		4,416		149,899		154,315		—
Real estate – commercial & farmland		3,025		484		8,918		12,427		869,733		882,160		—
Real estate – residential		4,416		2,085		7,303		13,804		422,711		436,515		—
Consumer installment loans		333		113		396		842		30,561		31,403		—
Other		—		—		—		—		9,583		9,583		—
Total	$	9,277	$	3,367	$	21,999	$	34,643	$	1,814,116	$	1,848,759	$	—
	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 September 30, 2013:
Commercial, financial & agricultural	$	623	$	297	$	4,107	$	5,027	$	239,964	$	244,991	$	—
Real estate – construction & development		1,200		794		4,229		6,223		126,054		132,277		—
Real estate – commercial & farmland		3,883		2,458		9,523		15,864		783,285		799,149		—
Real estate – residential		5,515		3,531		11,818		20,864		335,056		355,920		—
Consumer installment loans		497		255		327		1,079		35,224		36,303		—
Other		—		—		—		—		20,627		20,627		—
Total	$	11,718	$	7,335	$	30,004	$	49,057	$	1,540,210	$	1,589,267	$	—

Summary of Impaired Financial Receivables

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

	As of and For the Period Ended
	September 30, 2014		December 31, 2013		September 30, 2013
	(Dollars in Thousands)
Nonaccrual loans	$	22,810	$	29,203	$	31,720
Troubled debt restructurings not included above		17,261		17,214		17,024
Total impaired loans	$	40,071	$	46,417	$	48,744
Quarter-to-date interest income recognized on impaired loans	$	117	$	54	$	17
Year-to-date interest income recognized on impaired loans	$	799	$	522	$	468
Quarter-to-date foregone interest income on impaired loans	$	138	$	30	$	216
Year-to-date foregone interest income on impaired loans	$	161	$	418	$	388

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

	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Three Month Average Recorded Investment		Nine Month Average Recorded Investment
	(Dollars in Thousands)
As of September 30, 2014:
Commercial, financial & agricultural	$	4,445	$	8	$	2,943	$	2,951	$	631	$	2,402	$	3,285
Real estate – construction & development		8,824		211		4,743		4,954		612		5,243		5,596
Real estate – commercial & farmland		18,955		7,311		8,753		16,064		1,698		16,242		16,312
Real estate – residential		18,251		5,635		9,946		15,581		1,286		15,356		17,169
Consumer installment loans		606		—		521		521		10		517		516
Total	$	51,081	$	13,165	$	26,906	$	40,071	$	4,237	$	39,760	$	42,878
	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Three Month Average Recorded Investment		Twelve Month Average Recorded Investment
	(Dollars in Thousands)
As of December 31, 2013:
Commercial, financial & agricultural	$	6,240	$	—	$	4,618	$	4,618	$	435	$	4,669	$	4,844
Real estate – construction & development		11,363		—		5,867		5,867		512		6,011		8,341
Real estate – commercial & farmland		18,456		—		15,479		15,479		1,443		15,860		17,559
Real estate – residential		24,342		—		19,970		19,970		1,472		20,571		20,335
Consumer installment loans		623		—		483		483		9		469		642
Total	$	61,024	$	—	$	46,417	$	46,417	$	3,871	$	47,580	$	51,721

	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Three Month Average Recorded Investment		Twelve Month Average Recorded Investment
	(Dollars in Thousands)
As of September 30, 2013:
Commercial, financial & agricultural	$	7,401	$	—	$	4,719	$	4,719	$	820	$	5,052	$	4,900
Real estate – construction & development		14,299		—		6,155		6,155		821		6,775		8,960
Real estate – commercial & farmland		18,628		—		16,241		16,241		1,999		16,366		18,079
Real estate – residential		24,701		—		21,174		21,174		1,530		20,533		20,427
Consumer installment loans		565		—		455		455		10		559		681
Total	$	65,594	$	—	$	48,744	$	48,744	$	5,180	$	49,285	$	53,047

Summary of Credit Quality Indicate Financial Receivable

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

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

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 September 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	$	65,033	$	—	$	278	$	420	$	7,028	$	—	$	72,759
15		20,668		5,080		147,355		56,464		1,243		—		230,810
20		89,216		37,765		421,669		142,186		19,691		20,627		731,154
23		97		7,085		10,054		13,275		218		—		30,729
25		60,407		72,942		183,371		109,604		7,034		—		433,358
30		3,019		2,264		12,089		11,427		153		—		28,952
40		6,326		7,141		24,333		22,534		936		—		61,270
50		225		—		—		10		—		—		235
60		—		—		—		—		—		—		—
Total	$	244,991	$	132,277	$	799,149	$	355,920	$	36,303	$	20,627	$	1,589,267

Summary of Troubled Debt Restructurings 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 September 30, 2014, December 31, 2013 and September 30, 2013:

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

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 September 30, 2013	Accruing Loans				Non-Accruing Loans
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		4	$	521		3	$	533
Real estate – construction & development		8		1,926		1		29
Real estate – commercial & farmland		16		6,693		3		1,858
Real estate – residential		35		7,871		7		704
Consumer installment		1		13		2		26
Total		64	$	17,024		16	$	3,150

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 accrual and non-accrual at September 30, 2014, December 31, 2013 and September 30, 2013:

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

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 September 30, 2013	Accruing Loans				Non-Accruing Loans
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		1	$	12		3	$	40
Real estate – construction & development		5		4,308		4		690
Real estate – commercial & farmland		11		6,200		7		4,805
Real estate – residential		79		10,461		11		1,874
Consumer installment		—		—		1		5
Total		96	$	20,981		26	$	7,414

Covered Loans [Member]

Summary of Financial Receivable Nonaccrual Basis

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

(Dollars in Thousands)	September 30, 2014		December 31, 2013		September 30, 2013
Commercial, financial and agricultural	$	8,441	$	7,257	$	7,872
Real estate – construction and development		8,896		14,781		16,582
Real estate – commercial and farmland		14,617		33,495		37,079
Real estate – residential		7,227		13,278		13,028
Consumer installment		102		341		350
	$	39,283	$	69,152	$	74,911

Summary of Past Due Financial Receivables

The following table presents an aging analysis of covered loans as of September 30, 2014, December 31, 2013 and September 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 September 30, 2014:
Commercial, financial & agricultural	$	568	$	188	$	1,978	$	2,734	$	19,811	$	22,545	$	—
Real estate – construction & development		632		72		8,659		9,363		18,393		27,756		—
Real estate – commercial & farmland		7,100		322		8,930		16,352		164,214		180,566		305
Real estate – residential		2,694		1,473		5,563		9,730		72,715		82,445		65
Consumer installment loans		2		7		101		110		167		277		—
Total	$	10,996	$	2,062	$	25,231	$	38,289	$	275,300	$	313,589	$	370
	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 September 30, 2013:
Commercial, financial & agricultural	$	319	$	50	$	6,695	$	7,064	$	20,704	$	27,768	$	—
Real estate – construction & development		2,831		658		15,781		19,270		31,432		50,702		266
Real estate – commercial & farmland		7,365		5,350		30,503		43,218		193,868		237,086		568
Real estate – residential		2,980		1,727		11,078		15,785		85,361		101,146		823
Consumer installment loans		49		—		311		360		587		947		—
Total	$	13,544	$	7,785	$	64,368	$	85,697	$	331,952	$	417,649	$	1,657

Summary of Impaired Financial Receivables

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

	As of and For the Period Ended
	September 30, 2014		December 31, 2013		September 30, 2013
	(Dollars in Thousands)
Nonaccrual loans	$	39,283	$	69,152	$	74,911
Troubled debt restructurings not included above		22,757		22,243		21,184
Total impaired loans	$	62,040	$	91,395	$	96,095
Quarter-to-date interest income recognized on impaired loans	$	176	$	175	$	9
Year-to-date interest income recognized on impaired loans	$	1,115	$	968	$	793
Quarter-to-date foregone interest income on impaired loans	$	—	$	44	$	44
Year-to-date foregone interest income on impaired loans	$	94	$	330	$	286

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

	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Three Month Average Recorded Investment		Nine Month Average Recorded Investment
	(Dollars in Thousands)
As of September 30, 2014:
Commercial, financial & agricultural	$	11,356	$	8,467	$	—	$	8,467	$	—	$	10,367	$	9,511
Real estate – construction & development		13,268		11,920		—		11,920		—		11,484		14,760
Real estate – commercial & farmland		26,624		23,118		—		23,118		—		23,562		29,904
Real estate – residential		20,331		18,430		—		18,430		—		19,112		21,456
Consumer installment loans		134		105		—		105		—		116		177
Total	$	71,713	$	62,040	$	—	$	62,040	$	—	$	64,641	$	75,808
	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Three Month Average Recorded Investment		Twelve Month Average Recorded Investment
	(Dollars in Thousands)
As of December 31, 2013:
Commercial, financial & agricultural	$	9,680	$	7,270	$	—	$	7,270	$	—	$	7,577	$	8,696
Real estate – construction & development		20,915		18,037		—		18,037		—		19,464		21,794
Real estate – commercial & farmland		46,612		40,749		—		40,749		—		42,014		51,584
Real estate – residential		29,089		24,998		—		24,998		—		24,345		28,452
Consumer installment loans		394		341		—		341		—		346		304
Total	$	106,690	$	91,395	$	—	$	91,395	$	—	$	93,745	$	110,830
	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Three Month Average Recorded Investment		Nine Month Average Recorded Investment
	(Dollars in Thousands)
As of September 30, 2013:
Commercial, financial & agricultural	$	10,645	$	7,884	$	—	$	7,884	$	—	$	8,327	$	9,052
Real estate – construction & development		25,401		20,890		—		20,890		—		21,860		22,734
Real estate – commercial & farmland		51,105		43,279		—		43,279		—		48,558		54,292
Real estate – residential		28,078		23,692		—		23,692		—		24,810		29,316
Consumer installment loans		404		350		—		350		—		318		295
Total	$	115,633	$	96,095	$	—	$	96,095	$	—	$	103,872	$	115,689

Summary of Credit Quality Indicate Financial Receivable

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

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

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 September 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		—		22		1,098		641		—		—		1,761
20		2,697		11,347		34,252		22,545		208		—		71,049
23		135		1,080		16,708		2,902		51		—		20,876
25		7,609		7,360		108,886		39,632		250		—		163,737
30		1,485		5,505		24,790		9,196		14		—		40,990
40		15,842		25,388		51,352		26,230		424		—		119,236
50		—		—		—		—		—		—		—
60		—		—		—		—		—		—		—
Total	$	27,768	$	50,702	$	237,086	$	101,146	$	947	$	—	$	417,649