Loans (Tables)

3 Months Ended

Mar. 31, 2015

Schedule of Accounts Notes Loans and Financial Receivables

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

(Dollars in Thousands)	March 31, 2015		December 31, 2014		March 31, 2014
Commercial, financial and agricultural	$	334,917	$	319,654	$	270,571
Real estate – construction and development		178,568		161,507		149,543
Real estate – commercial and farmland		947,274		907,524		836,230
Real estate – residential		496,043		456,106		393,001
Consumer installment		29,113		30,782		32,345
Other		13,505		14,308		13,692
	$	1,999,420	$	1,889,881	$	1,695,382

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)	March 31, 2015		December 31, 2014		March 31, 2014
Commercial, financial and agricultural	$	20,905	$	21,467	$	24,813
Real estate – construction and development		19,519		23,447		41,434
Real estate – commercial and farmland		130,290		147,627		214,649
Real estate – residential		74,847		78,520		91,372
Consumer installment		184		218		426
	$	245,745	$	271,279	$	372,694

Schedule of Allowances for Loan Losses by Portfolio Segment

The following table details activity in the allowance for loan losses by portfolio segment for the three months ended March 31, 2015, the year ended December 31, 2014 and the three months ended March 31, 2015. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories.

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

	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, 2014:
Balance, January 1, 2014	$	1,823		$	5,538		$	8,393		$	6,034		$	589		$	—		$	—		$	22,377
Provision for loan losses		1,427			(265	)		3,444			(452	)		567			84			843			5,648
Loans charged off		(1,567	)		(592	)		(3,288	)		(1,707	)		(471	)		(84	)		(1,851	)		(9,560	)
Recoveries of loans previously charged off		321			349			274			254			486			—			1,008			2,692
Balance, December 31, 2014	$	2,004		$	5,030		$	8,823		$	4,129		$	1,171		$	—		$	—		$	21,157
Period-end amount allocated to:
Loans individually evaluated for impairment	$	375		$	743		$	1,861		$	911		$	—		$	—		$	—		$	3,890
Loans collectively evaluated for impairment		1,629			4,287			6,962			3,218			1,171			—			—			17,267
Ending balance	$	2,004		$	5,030		$	8,823		$	4,129		$	1,171		$	—		$	—		$	21,157
Loans:
Individually evaluated for impairment	$	490		$	3,709		$	14,546		$	8,904		$	—		$	—		$	—		$	27,649
Collectively evaluated for impairment		319,164			157,798			892,978			447,202			45,090			579,172			122,248			2,563,652
Acquired with deteriorated credit quality		—			—			—			—			—			95,067			149,031			244,098
Ending balance	$	319,654		$	161,507		$	907,524		$	456,106		$	45,090		$	674,239		$	271,279		$	2,835,399

	Commercial, financial & agricultural			Real estate – construction & development			Real estate – commercial & farmland			Real estate - residential			Consumer installment loans and Other			Purchased non-covered loans		Covered loans			Total
	(Dollars in Thousands)
Three months ended March 31, 2014:
Balance, January 1, 2014	$	1,823		$	5,538		$	8,393		$	6,034		$	589		$	—	$	—		$	22,377
Provision for loan losses		1,090			337			622			(656	)		108			—		225			1,726
Loans charged off		(743	)		(65	)		(533	)		(181	)		(84	)		—		(498	)		(2,104	)
Recoveries of loans previously charged off		49			108			143			83			89			—		273			745
Balance, March 31, 2014	$	2,219		$	5,918		$	8,625		$	5,280		$	702		$	—	$	—		$	22,744
Period-end amount allocated to:
Loans individually evaluated for impairment	$	318		$	631		$	1,994		$	1,133		$	—		$	—	$	—		$	4,076
Loans collectively evaluated for impairment		1,901			5,287			6,631			4,147			702			—		—			18,668
Ending balance	$	2,219		$	5,918		$	8,625		$	5,280		$	702		$	—	$	—		$	22,744
Loans:
Individually evaluated for impairment	$	2,837		$	3,817		$	16,832		$	14,602		$	—		$	—	$	—		$	38,088
Collectively evaluated for impairment		267,734			145,726			819,398			378,399			46,037			383,709		167,493			2,208,496
Acquired with deteriorated credit quality		—			—			—			—			—			53,560		205,201			258,761
Ending balance	$	270,571		$	149,543		$	836,230		$	393,001		$	46,037		$	437,269	$	372,694		$	2,505,345

Purchased Non-Covered Loans [Member]

Summary of Purchased Non-Covered Loans According to Major 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)	March 31, 2015		December 31, 2014		March 31, 2014
Commercial, financial and agricultural	$	36,258	$	38,041	$	30,810
Real estate – construction and development		53,668		58,362		31,820
Real estate – commercial and farmland		291,760		306,706		174,281
Real estate – residential		257,216		266,342		196,078
Consumer installment		4,190		4,788		4,280
	$	643,092	$	674,239	$	437,269

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)	March 31, 2015		December 31, 2014		March 31, 2014
Commercial, financial and agricultural	$	198	$	175	$	117
Real estate – construction and development		785		1,119		1,131
Real estate – commercial and farmland		9,096		10,242		6,829
Real estate – residential		7,202		6,644		7,208
Consumer installment		27		69		33
	$	17,308	$	18,249	$	15,318

Summary of Past Due Financial Receivables

The following table presents an analysis of purchased non-covered past due loans as of March 31, 2015, December 31, 2014 and March 31, 2014:

	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 March 31, 2015:
Commercial, financial & agricultural	$	216	$	—	$	85	$	301	$	35,957	$	36,258	$	—
Real estate – construction & development		393		17		766		1,176		52,492		53,668		—
Real estate – commercial & farmland		1,611		831		8,495		10,937		280,823		291,760		—
Real estate – residential		3,113		2,454		6,490		12,057		245,159		257,216		—
Consumer installment loans		100		—		19		119		4,071		4,190		—
Total	$	5,433	$	3,302	$	15,855	$	24,590	$	618,502	$	643,092	$	—
	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, 2014:
Commercial, financial & agricultural	$	461	$	90	$	175	$	726	$	37,315	$	38,041	$	—
Real estate – construction & development		790		1,735		1,117		3,642		54,720		58,362		—
Real estate – commercial & farmland		2,107		1,194		9,529		12,830		293,876		306,706		—
Real estate – residential		6,907		1,401		6,369		14,677		251,665		266,342		—
Consumer installment loans		82		—		65		147		4,641		4,788		—
Total	$	10,347	$	4,420	$	17,255	$	32,022	$	642,217	$	674,239	$	—
	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 March 31, 2014:
Commercial, financial & agricultural	$	291	$	—	$	117	$	408	$	30,402	$	30,810	$	—
Real estate – construction & development		680		661		867		2,208		29,612		31,820		—
Real estate – commercial & farmland		3,956		5,126		2,550		11,632		162,649		174,281		—
Real estate – residential		5,187		1,816		6,503		13,506		182,572		196,078		—
Consumer installment loans		12		11		30		53		4,227		4,280		—
Total	$	10,126	$	7,614	$	10,067	$	27,807	$	409,462	$	437,269	$	—

Summary of Impaired Financial Receivables

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

	As of and For the Period Ended
	March 31, 2015		December 31, 2014		March 31, 2014
	(Dollars in Thousands)
Nonaccrual loans	$	17,308	$	18,249	$	15,318
Troubled debt restructurings not included above		1,526		1,212		5,191
Total impaired loans	$	18,834	$	19,461	$	20,509
Interest income recognized on impaired loans	$	18	$	360	$	74
Foregone interest income on impaired loans	$	21	$	237	$	563

The following table presents an analysis of information pertaining to impaired purchased non-covered loans as of March 31, 2015, December 31, 2014 and March 31, 2014:

	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 March 31, 2015:
Commercial, financial & agricultural	$	1,331	$	198	$	—	$	198	$	—	$	187
Real estate – construction & development		2,153		1,113		—		1,113		—		1,275
Real estate – commercial & farmland		13,911		9,816		—		9,816		—		10,202
Real estate – residential		12,183		7,679		—		7,679		—		7,435
Consumer installment loans		38		28		—		28		—		50
Total	$	29,616	$	18,834	$	—	$	18,834	$	—	$	19,148

	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, 2014:
Commercial, financial & agricultural	$	1,366	$	175	$	—	$	175	$	—	$	165
Real estate – construction & development		5,161		1,436		—		1,436		—		1,643
Real estate – commercial & farmland		15,007		10,588		—		10,588		—		7,484
Real estate – residential		12,283		7,191		—		7,191		—		7,084
Consumer installment loans		172		71		—		71		—		68
Total	$	33,989	$	19,461	$	—	$	19,461	$	—	$	16,444
	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 March 31, 2014:
Commercial, financial & agricultural	$	233	$	117	$	—	$	117	$	—	$	64
Real estate – construction & development		6,173		3,574		—		3,574		—		3,631
Real estate – commercial & farmland		12,966		7,790		—		7,790		—		5,336
Real estate – residential		15,524		8,987		—		8,987		—		7,483
Consumer installment loans		240		41		—		41		—		39
Total	$	35,136	$	20,509	$	—	$	20,509	$	—	$	16,553

Summary of Credit Quality Indicate Financial Receivable

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

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	$	6,696	$	—	$	—	$	289	$	459	$	—	$	7,444
15		995		641		9,396		12,136		472		—		23,640
20		13,751		13,746		115,359		62,056		1,568		—		206,480
23		73		—		3,174		6,777		—		—		10,024
25		12,585		31,512		136,581		155,187		1,521		—		337,386
30		958		3,564		9,404		8,332		65		—		22,323
40		1,170		4,205		17,846		12,417		105		—		35,743
50		30		—		—		22		—		—		52
60		—		—		—		—		—		—		—
Total	$	36,258	$	53,668	$	291,760	$	257,216	$	4,190	$	—	$	643,092

The following table presents the purchased non-covered loan portfolio by risk grade as of December 31, 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	$	6,624	$	—	$	—	$	290	$	480	$	—	$	7,394
15		1,376		552		13,277		14,051		501		—		29,727
20		13,657		12,991		116,308		64,083		1,647		—		208,686
23		73		—		3,207		3,298		—		—		6,578
25		13,753		36,230		144,293		164,959		1,920		—		361,155
30		1,618		4,365		12,279		7,444		41		—		25,747
40		910		4,254		17,342		12,184		199		—		34,889
50		30		—		—		33		—		—		63
60		—		—		—		—		—		—		—
Total	$	38,041	$	58,362	$	306,706	$	266,342	$	4,788	$	—	$	674,239

The following table presents the purchased non-covered loan portfolio by risk grade as of March 31, 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	$	1,932	$	—	$	—	$	287	$	328	$	—	$	2,547
15		4,408		52		12,422		14,231		679		—		31,792
20		4,596		3,907		43,132		33,553		1,218		—		86,406
23		—		—		—		—		—		—		—
25		19,213		22,780		102,918		134,653		1,965		—		281,529
30		235		697		3,387		2,660		20		—		6,999
40		426		4,384		12,422		10,694		70		—		27,996
50		—		—		—		—		—		—		—
60		—		—		—		—		—		—		—
Total	$	30,810	$	31,820	$	174,281	$	196,078	$	4,280	$	—	$	437,269

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 March 31, 2015, December 31, 2014 and March 31, 2014:

As of March 31, 2015	Accruing Loans				Non-Accruing Loans
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		—	$	—		1	$	1
Real estate – construction & development		1		328		—		—
Real estate – commercial & farmland		3		720		1		69
Real estate – residential		5		477		2		93
Consumer installment		1		1		1		4
Total		10	$	1,526		5	$	167
As of December 31, 2014	Accruing Loans				Non-Accruing Loans
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		—	$	—		—	$	—
Real estate – construction & development		1		317		—		—
Real estate – commercial & farmland		1		346		—		—
Real estate – residential		6		547		1		25
Consumer installment		1		2		—		—
Total		9	$	1,212		1	$	25
As of March 31, 2014	Accruing Loans				Non-Accruing Loans
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		—	$	—		1	$	6
Real estate – construction & development		7		2,443		2		264
Real estate – commercial & farmland		2		961		2		726
Real estate – residential		12		1,779		4		255
Consumer installment		1		8		2		17
Total		22	$	5,191		11	$	1,268

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)	March 31, 2015		December 31, 2014		March 31, 2014
Commercial, financial and agricultural	$	1,015	$	1,672	$	3,008
Real estate – construction and development		3,286		3,774		4,080
Real estate – commercial and farmland		7,893		8,141		8,550
Real estate – residential		8,246		7,663		10,631
Consumer installment		401		478		460
	$	20,841	$	21,728	$	26,729

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 March 31, 2015, December 31, 2014 and March 31, 2014:

	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 March 31, 2015:
Commercial, financial & agricultural	$	1,258	$	2,821	$	984	$	5,063	$	329,854	$	334,917	$	—
Real estate – construction & development		404		240		3,205		3,849		174,719		178,568		—
Real estate – commercial & farmland		6,398		1,285		7,732		15,415		931,859		947,274		—
Real estate – residential		4,430		1,879		7,569		13,878		482,165		496,043		—
Consumer installment loans		367		136		256		759		28,354		29,113		—
Other		—		—		—		—		13,505		13,505		—
Total	$	12,857	$	6,361	$	19,746	$	38,964	$	1,960,456	$	1,999,420	$	—
	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, 2014:
Commercial, financial & agricultural	$	900	$	233	$	1,577	$	2,710	$	316,944	$	319,654	$	—
Real estate – construction & development		1,382		286		3,367		5,035		156,472		161,507		—
Real estate – commercial & farmland		2,859		635		7,668		11,162		896,362		907,524		—
Real estate – residential		3,953		2,334		6,755		13,042		443,064		456,106		—
Consumer installment loans		634		158		366		1,158		29,624		30,782		1
Other		—		—		—		—		14,308		14,308		—
Total	$	9,728	$	3,646	$	19,733	$	33,107	$	1,856,774	$	1,889,881	$	1
	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 March 31, 2014:
Commercial, financial & agricultural	$	1,083	$	386	$	2,956	$	4,425	$	266,146	$	270,571	$	—
Real estate – construction & development		1,304		249		3,919		5,472		144,071		149,543		—
Real estate – commercial & farmland		2,255		1,650		7,622		11,527		824,703		836,230		—
Real estate – residential		3,657		1,541		10,298		15,496		377,505		393,001		—
Consumer installment loans		474		68		345		887		31,458		32,345		—
Other		—		—		—		—		13,692		13,692		—
Total	$	8,773	$	3,894	$	25,140	$	37,807	$	1,657,575	$	1,695,382	$	—

Summary of Impaired Financial Receivables

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

	As of and For the Period Ended
	March 31, 2015		December 31, 2014		March 31, 2014
	(Dollars in Thousands)
Nonaccrual loans	$	20,841	$	21,728	$	26,729
Troubled debt restructurings not included above		12,935		12,759		18,848
Total impaired loans	$	33,776	$	34,487	$	45,577
Interest income recognized on impaired loans	$	168	$	1,991	$	246
Foregone interest income on impaired loans	$	109	$	155	$	246

The following table presents an analysis of information pertaining to impaired loans, excluding purchased non-covered and covered loans as of March 31, 2015, December 31, 2014 and March 31, 2014:

	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 March 31, 2015:
Commercial, financial & agricultural	$	2,378	$	5	$	1,287	$	1,292	$	240	$	1,627
Real estate – construction & development		7,397		274		3,801		4,075		667		4,264
Real estate – commercial & farmland		16,980		3,280		11,922		15,202		2,127		14,909
Real estate – residential		14,181		1,592		11,166		12,758		1,869		12,833
Consumer installment loans		548		—		449		449		6		491
Total	$	41,484	$	5,151	$	28,625	$	33,776	$	4,909	$	34,124
	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, 2014:
Commercial, financial & agricultural	$	3,387	$	6	$	1,956	$	1,962	$	395	$	3,021
Real estate – construction & development		8,325		448		4,005		4,453		771		5,368
Real estate – commercial & farmland		17,514		4,967		9,651		14,618		1,859		15,972
Real estate – residential		15,571		3,514		9,407		12,921		974		16,317
Consumer installment loans		618		—		533		533		9		519
Total	$	45,415	$	8,935	$	25,552	$	34,487	$	4,008	$	41,197
	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 March 31, 2014:
Commercial, financial & agricultural	$	5,421	$	—	$	3,719	$	3,719	$	394	$	4,169
Real estate – construction & development		10,636		—		6,033		6,033		736		5,950
Real estate – commercial & farmland		19,983		—		17,282		17,282		1,972		16,380
Real estate – residential		21,307		—		17,996		17,996		1,211		18,983
Consumer installment loans		688		—		547		547		11		515
Total	$	58,035	$	—	$	45,577	$	45,577	$	4,324	$	45,997

Summary of Credit Quality Indicate Financial Receivable

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

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	$	147,820	$	1,751	$	152	$	1,727	$	6,011	$	—	$	157,461
15		24,619		3,504		119,032		57,583		1,191		—		205,929
20		90,407		47,148		541,490		303,463		16,720		13,505		1,012,733
23		981		8,521		11,934		7,141		66		—		28,643
25		60,018		110,570		238,026		100,175		4,222		—		513,011
30		3,911		1,890		11,364		8,007		289		—		25,461
40		7,161		5,184		25,276		17,947		610		—		56,178
50		—		—		—		—		4		—		4
60		—		—		—		—		—		—		—
Total	$	334,917	$	178,568	$	947,274	$	496,043	$	29,113	$	13,505	$	1,999,420

The following table presents the loan portfolio, excluding purchased non-covered and covered loans, by risk grade as of December 31, 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	$	121,355	$	268	$	155	$	226	$	6,573	$	—	$	128,577
15		25,318		4,010		128,170		59,301		1,005		—		217,804
20		100,599		47,541		511,198		256,758		17,544		14,308		947,948
23		56		8,933		10,507		9,672		37		—		29,205
25		62,519		93,514		224,464		102,998		4,692		—		488,187
30		3,758		1,474		13,035		7,459		257		—		25,983
40		6,049		5,767		19,995		19,692		673		—		52,176
50		—		—		—		—		1		—		1
60		—		—		—		—		—		—		—
Total	$	319,654	$	161,507	$	907,524	$	456,106	$	30,782	$	14,308	$	1,889,881

The following table presents the loan portfolio, excluding purchased non-covered and covered loans, by risk grade as of March 31, 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	$	86,688	$	—	$	259	$	478	$	6,380	$	—	$	93,805
15		26,730		5,483		153,285		57,119		1,346		—		243,963
20		90,692		48,872		454,292		192,492		17,678		13,692		817,718
23		120		9,111		9,784		11,765		276		—		31,056
25		55,827		76,962		178,174		100,634		5,580		—		417,177
30		5,386		2,889		15,324		14,440		201		—		38,240
40		5,001		6,226		25,112		16,063		884		—		53,286
50		127		—		—		10		—		—		137
60		—		—		—		—		—		—		—
Total	$	270,571	$	149,543	$	836,230	$	393,001	$	32,345	$	13,692	$	1,695,382

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 March 31, 2015, December 31, 2014 and March 31, 2014:

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

As of December 31, 2014	Accruing Loans				Non-Accruing Loans
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		6	$	290		2	$	13
Real estate – construction & development		9		679		5		228
Real estate – commercial & farmland		19		6,477		3		724
Real estate – residential		47		5,258		11		1,485
Consumer installment		11		55		11		73
Total		92	$	12,759		32	$	2,523

As of March 31, 2014	Accruing Loans				Non-Accruing Loans
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		4	$	711		2	$	40
Real estate – construction & development		11		1,953		1		29
Real estate – commercial & farmland		19		8,733		5		1,316
Real estate – residential		35		7,364		8		961
Consumer installment		11		87		2		19
Total		80	$	18,848		18	$	2,365

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 March 31, 2015, December 31, 2014 and March 31, 2014:

As of March 31, 2015	Accruing Loans				Non-Accruing Loans
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		1	$	3		2	$	—
Real estate – construction & development		3		2,819		1		13
Real estate – commercial & farmland		13		6,461		2		1,736
Real estate – residential		97		11,436		10		821
Consumer installment		1		2		—		—
Total		115	$	20,721		15	$	2,570
As of December 31, 2014	Accruing Loans				Non-Accruing Loans
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		2	$	40		2	$	—
Real estate – construction & development		4		3,037		2		29
Real estate – commercial & farmland		14		8,079		5		1,082
Real estate – residential		96		11,460		8		831
Consumer installment		1		3		—		—
Total		117	$	22,619		17	$	1,942
As of March 31, 2014	Accruing Loans				Non-Accruing Loans
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		1	$	14		5	$	68
Real estate – construction & development		3		3,254		5		49
Real estate – commercial & farmland		14		7,461		7		3,872
Real estate – residential		85		12,046		9		1,031
Consumer installment		—		—		1		5
Total		103	$	22,775		27	$	5,025

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)	March 31, 2015		December 31, 2014		March 31, 2014
Commercial, financial and agricultural	$	8,404	$	8,541	$	10,025
Real estate – construction and development		6,262		7,601		14,780
Real estate – commercial and farmland		17,000		12,584		24,285
Real estate – residential		6,606		6,595		10,558
Consumer installment		87		91		133
	$	38,359	$	35,412	$	59,781

Summary of Past Due Financial Receivables

The following table presents an analysis of covered past due loans as of March 31, 2015, December 31, 2014 and March 31, 2014:

	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 March 31, 2015:
Commercial, financial & agricultural	$	165	$	225	$	1,776	$	2,166	$	18,739	$	20,905	$	—
Real estate – construction & development		455		—		5,605		6,060		13,459		19,519		—
Real estate – commercial & farmland		2,364		1,150		11,063		14,577		115,713		130,290		—
Real estate – residential		2,293		1,019		4,999		8,310		66,536		74,847		—
Consumer installment loans		—		—		87		87		97		184		—
Total	$	5,277	$	2,394	$	23,530	$	31,201	$	214,544	$	245,745	$	—
	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, 2014:
Commercial, financial & agricultural	$	451	$	136	$	1,878	$	2,465	$	19,002	$	21,467	$	—
Real estate – construction & development		238		226		6,703		7,167		16,280		23,447		—
Real estate – commercial & farmland		4,371		1,486		7,711		13,568		134,059		147,627		714
Real estate – residential		3,464		962		5,656		10,082		68,438		78,520		—
Consumer installment loans		10		—		91		101		117		218		—
Total	$	8,534	$	2,810	$	22,039	$	33,383	$	237,896	$	271,279	$	714
	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 March 31, 2014:
Commercial, financial & agricultural	$	688	$	55	$	8,976	$	9,719	$	15,094	$	24,813	$	—
Real estate – construction & development		4,248		302		14,472		19,022		22,412		41,434		—
Real estate – commercial & farmland		15,732		3,722		17,680		37,134		177,515		214,649		—
Real estate – residential		3,579		1,585		9,752		14,916		76,456		91,372		1,396
Consumer installment loans		2		50		103		155		271		426		—
Total	$	24,249	$	5,714	$	50,983	$	80,946	$	291,748	$	372,694	$	1,396

Summary of Impaired Financial Receivables

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

	As of and For the Period Ended
	March 31, 2015		December 31, 2014		March 31, 2014
	(Dollars in Thousands)
Nonaccrual loans	$	38,359	$	35,412	$	59,781
Troubled debt restructurings not included above		20,721		22,619		22,775
Total impaired loans	$	59,080	$	58,031	$	82,556
Interest income recognized on impaired loans	$	220	$	2,057	$	387
Foregone interest income on impaired loans	$	130	$	109	$	10

The following table presents an analysis of information pertaining to impaired covered loans as of March 31, 2015, December 31, 2014 and March 31, 2014:

	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 March 31, 2015:
Commercial, financial & agricultural	$	13,512	$	8,407	$	—	$	8,407	$	—	$	8,495
Real estate – construction & development		24,503		9,080		—		9,080		—		9,859
Real estate – commercial & farmland		35,493		23,462		—		23,462		—		22,062
Real estate – residential		23,585		18,042		—		18,042		—		18,048
Consumer installment loans		119		89		—		89		—		92
Total	$	97,212	$	59,080	$	—	$	59,080	$	—	$	58,556
	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, 2014:
Commercial, financial & agricultural	$	14,385	$	8,582	$	—	$	8,582	$	—	$	9,777
Real estate – construction & development		27,289		10,638		—		10,638		—		14,132
Real estate – commercial & farmland		31,309		20,663		—		20,663		—		28,594
Real estate – residential		22,860		18,054		—		18,054		—		21,091
Consumer installment loans		124		94		—		94		—		163
Total	$	95,967	$	58,031	$	—	$	58,031	$	—	$	73,757
	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 March 31, 2014:
Commercial, financial & agricultural	$	16,020	$	10,039	$	—	$	10,039	$	—	$	8,655
Real estate – construction & development		50,876		18,034		—		18,034		—		18,036
Real estate – commercial & farmland		66,557		31,746		—		31,746		—		36,247
Real estate – residential		30,824		22,604		—		22,604		—		23,801
Consumer installment loans		190		133		—		133		—		237
Total	$	164,467	$	82,556	$	—	$	82,556	$	—	$	86,976

Summary of Credit Quality Indicate Financial Receivable

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

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		667		1,847		734		522		—		—		3,770
20		75		458		21,010		13,353		51		—		34,947
23		4,481		8,567		6,382		6,130		—		—		25,560
25		5,094		2,594		69,536		36,510		37		—		113,771
30		10,588		6,053		4,053		5,893		9		—		26,596
40		—		—		28,575		12,439		87		—		41,101
50		—		—		—		—		—		—		—
60		—		—		—		—		—		—		—
Total	$	20,905	$	19,519	$	130,290	$	74,847	$	184	$	—	$	245,745

The following table presents the covered loan portfolio by risk grade as of December 31, 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		—		1		761		525		—		—		1,287
20		917		3,184		23,167		14,089		77		—		41,434
23		164		537		11,404		6,642		—		—		18,747
25		5,181		9,406		80,334		33,124		37		—		128,082
30		4,808		2,753		5,302		8,050		—		—		20,913
40		10,397		7,566		26,659		16,090		104		—		60,816
50		—		—		—		—		—		—		—
60		—		—		—		—		—		—		—
Total	$	21,467	$	23,447	$	147,627	$	78,520	$	218	$	—	$	271,279

The following table presents the covered loan portfolio by risk grade as of March 31, 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		—		10		1,024		650		—		—		1,684
20		1,769		7,760		35,625		19,613		151		—		64,918
23		139		978		17,416		4,870		51		—		23,454
25		6,921		9,182		101,948		38,140		42		—		156,233
30		5,106		1,185		17,625		7,025		3		—		30,944
40		10,878		22,319		41,011		21,074		179		—		95,461
50		—		—		—		—		—		—		—
60		—		—		—		—		—		—		—
Total	$	24,813	$	41,434	$	214,649	$	91,372	$	426	$	—	$	372,694

Financing Receivable Troubled Debt Restructuring [Member]

Summary of Troubled Debt Restructurings by Loan Class

The following table presents the loans by class modified as troubled debt restructurings that occurred during the three months ending March 31, 2015 and 2014:

	March 31, 2015				March 31, 2014
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		—	$	—		1	$	7
Real estate – construction & development		—		—		2		79
Real estate – commercial & farmland		2		2,015		3		1,052
Real estate – residential		7		666		1		21
Consumer installment		3		17		5		21
Total		12	$	2,698		12	$	1,180

Summary of Troubled Debt Restructuring by Loan Class, Defaulted under Restructured Terms

The following table presents the troubled debt restructurings by class that defaulted during the three months ending March 31, 2015 and 2014:

	March 31, 2015				March 31, 2014
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		1	$	5		—	$	—
Real estate – construction & development		—		—		2		40
Real estate – commercial & farmland		3		746		4		1,897
Real estate – residential		6		748		3		280
Consumer installment		4		20		1		24
Total		14	$	1,519		10	$	2,241