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Loans and the Allowance for Loan Losses (Tables)
 12 Months Ended
Dec. 31, 2014
Business Acquisition [Line Items]  
Fair value of loans determined to be impaired and not to be impaired at the time of acquisition
The following table presents the fair value of loans determined to be impaired at the time of acquisition and determined not to be impaired at the time of acquisition as of the dates presented:
 

Impaired
Covered
Loans
 
Other
Covered
Loans
 
Not
Covered
Loans
 
Total
December 31, 2014
 
 
 
 
 
 
 
Contractually-required principal and interest
$
32,451

 
$
163,271

 
$
281,716

 
$
477,438

Nonaccretable difference(1)
(24,446
)
 
(25,611
)
 
(50,523
)
 
(100,580
)
Cash flows expected to be collected
8,005

 
137,660

 
231,193

 
376,858

Accretable yield(2)
(1
)
 
(2,623
)
 
(29,809
)
 
(32,433
)
Fair value
$
8,004

 
$
135,037

 
$
201,384

 
$
344,425

December 31, 2013
 
 
 
 
 
 
 
Contractually-required principal and interest
$
67,976

 
$
201,215

 
$
354,234

 
$
623,425

Nonaccretable difference(1)
(43,456
)
 
(40,301
)
 
(50,788
)
 
(134,545
)
Cash flows expected to be collected
24,520

 
160,914

 
303,446

 
488,880

Accretable yield(2)
(1
)
 
(3,759
)
 
(36,190
)
 
(39,950
)
Fair value
$
24,519

 
$
157,155

 
$
267,256

 
$
448,930

 
(1) 
Represents contractual principal cash flows of $95,081 and $125,086, respectively, and interest cash flows of $5,499 and $9,459, respectively, not expected to be collected.
(2) 
Represents contractual interest payments expected to be collected of $2,798 and $3,936, respectively, and purchase discount of $29,635 and $36,014, respectively.
Summary of loans
The following is a summary of loans at December 31: 
 
2014
 
2013
Commercial, financial, agricultural
$
483,283

 
$
468,963

Lease financing
10,427

 
53

Real estate – construction
212,061

 
161,436

Real estate – 1-4 family mortgage
1,236,360

 
1,208,233

Real estate – commercial mortgage
1,956,914

 
1,950,572

Installment loans to individuals
89,142

 
91,762

Gross loans
3,988,187

 
3,881,019

Unearned income
(313
)
 
(1
)
Loans, net of unearned income
3,987,874

 
3,881,018

Allowance for loan losses
(42,289
)
 
(47,665
)
Net loans
$
3,945,585

 
$
3,833,353
Past due and nonaccrual loans
The following table provides an aging of past due and nonaccrual loans, segregated by class, as of the dates presented:
 
 
Accruing Loans
 
Nonaccruing Loans
 
30-89 Days
Past Due
 
90 Days
or More
Past Due
 
Current
Loans
 
Total
Loans
 
30-89 Days
Past Due
 
90 Days
or More
Past Due
 
Current
Loans
 
Total
Loans
 
Total
Loans
December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial, financial, agricultural
$
1,113

 
$
636

 
$
480,332

 
$
482,081

 
$
16

 
$
820

 
$
366

 
$
1,202

 
$
483,283

Lease financing
462

 
—

 
9,965

 
10,427

 
—

 
—

 
—

 
—

 
10,427

Real estate – construction
—

 
37

 
211,860

 
211,897

 
—

 
164

 
—

 
164

 
212,061

Real estate – 1-4 family mortgage
8,398

 
2,382

 
1,212,214

 
1,222,994

 
355

 
4,604

 
8,407

 
13,366

 
1,236,360

Real estate – commercial mortgage
6,924

 
7,637

 
1,912,758

 
1,927,319

 
1,826

 
16,928

 
10,841

 
29,595

 
1,956,914

Installment loans to individuals
269

 
21

 
88,782

 
89,072

 
—

 
59

 
11

 
70

 
89,142

Unearned income
—

 
—

 
(313
)
 
(313
)
 
—

 
—

 
—

 
—

 
(313
)
Total
$
17,166

 
$
10,713

 
$
3,915,598

 
$
3,943,477

 
$
2,197

 
$
22,575

 
$
19,625

 
$
44,397

 
$
3,987,874

December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial, financial, agricultural
$
2,067

 
$
607

 
$
463,521

 
$
466,195

 
$
138

 
$
1,959

 
$
671

 
$
2,768

 
$
468,963

Lease financing
—

 
—

 
53

 
53

 
—

 
—

 
—

 
—

 
53

Real estate – construction
664

 
—

 
159,124

 
159,788

 
—

 
1,648

 
—

 
1,648

 
161,436

Real estate – 1-4 family mortgage
10,168

 
2,206

 
1,179,703

 
1,192,077

 
1,203

 
6,041

 
8,912

 
16,156

 
1,208,233

Real estate – commercial mortgage
8,870

 
1,286

 
1,888,745

 
1,898,901

 
966

 
37,439

 
13,266

 
51,671

 
1,950,572

Installment loans to individuals
706

 
88

 
90,880

 
91,674

 
—

 
80

 
8

 
88

 
91,762

Unearned income
—

 
—

 
(1
)
 
(1
)
 
—

 
—

 
—

 
—

 
(1
)
Total
$
22,475

 
$
4,187

 
$
3,782,025

 
$
3,808,687

 
$
2,307

 
$
47,167

 
$
22,857

 
$
72,331

 
$
3,881,018
Impaired loans
Impaired loans recognized in conformity with ASC 310, segregated by class, were as follows as of the dates and periods presented: 
 
As of December 31, 2014
 
Year Ended
December 31, 2014
 
Recorded
Investment
 
Unpaid
Principal
Balance
 
Related
Allowance
 
Average
Recorded
Investment
 
Interest
Income
Recognized
With a related allowance recorded:
 
 
 
 
 
 
 
 
 
Commercial, financial, agricultural
$
984

 
$
2,199

 
$
171

 
$
2,172

 
$
87

Lease financing
—

 
—

 
—

 
—

 
—

Real estate – construction
164

 
164

 
—

 
154

 
—

Real estate – 1-4 family mortgage
18,401

 
21,051

 
4,824

 
20,961

 
764

Real estate – commercial mortgage
29,079

 
43,331

 
5,767

 
37,305

 
1,511

Installment loans to individuals
21

 
21

 
—

 
21

 
1

Total
$
48,649

 
$
66,766

 
$
10,762

 
$
60,613

 
$
2,363

With no related allowance recorded:
 
 
 
 
 
 
 
 
 
Commercial, financial, agricultural
$
1,375

 
$
2,672

 
$
—

 
$
1,607

 
$
92

Lease financing
—

 
—

 
—

 
—

 
—

Real estate – construction
—

 
—

 
—

 
—

 
—

Real estate – 1-4 family mortgage
7,295

 
10,855

 
—

 
8,591

 
274

Real estate – commercial mortgage
28,784

 
46,865

 
—

 
36,427

 
1,762

Installment loans to individuals
51

 
376

 
—

 
93

 
10

Total
$
37,505

 
$
60,768

 
$
—

 
$
46,718

 
$
2,138

Totals
$
86,154

 
$
127,534

 
$
10,762

 
$
107,331

 
$
4,501

 
As of December 31, 2013
 
Year Ended
December 31, 2013
 
Recorded
Investment
 
Unpaid
Principal
Balance
 
Related
Allowance
 
Average
Recorded
Investment
 
Interest
Income
Recognized
With a related allowance recorded:
 
 
 
 
 
 
 
 
 
Commercial, financial, agricultural
$
743

 
$
664

 
$
260

 
$
430

 
$
1

Lease financing
—

 
—

 
—

 
—

 
—

Real estate – construction
—

 
—

 
—

 
—

 
—

Real estate – 1-4 family mortgage
25,374

 
27,659

 
7,353

 
29,247

 
682

Real estate – commercial mortgage
30,624

 
32,274

 
7,036

 
31,424

 
1,001

Installment loans to individuals
183

 
183

 
1

 
185

 
3

Total
$
56,924

 
$
60,780

 
$
14,650

 
$
61,286

 
$
1,687

With no related allowance recorded:
 
 
 
 
 
 
 
 
 
Commercial, financial, agricultural
$
2,043

 
$
5,911

 
$
—

 
$
4,668

 
$
—

Lease financing
—

 
—

 
—

 
—

 
—

Real estate – construction
1,648

 
2,447

 
—

 
1,650

 
—

Real estate – 1-4 family mortgage
8,542

 
15,209

 
—

 
10,903

 
28

Real estate – commercial mortgage
38,517

 
76,688

 
—

 
44,995

 
105

Installment loans to individuals
77

 
437

 
—

 
254

 
—

Total
$
50,827

 
$
100,692

 
$
—

 
$
62,470

 
$
133

Totals
$
107,751

 
$
161,472

 
$
14,650

 
$
123,756

 
$
1,820
Restructured loans
The following table presents restructured loans segregated by class as of the dates presented:
 
 
Number of
Loans
 
Pre-Modification
Outstanding
Recorded
Investment
 
Post-Modification
Outstanding
Recorded
Investment
December 31, 2014
 
 
 
 
 
Commercial, financial, agricultural
2

 
$
507

 
$
507

Lease financing
—

 
—

 
—

Real estate – construction
—

 
—

 
—

Real estate – 1-4 family mortgage
35

 
5,212

 
4,567

Real estate – commercial mortgage
16

 
10,590

 
9,263

Installment loans to individuals
—

 
—

 
—

Total
53

 
$
16,309

 
$
14,337

December 31, 2013
 
 
 
 
 
Commercial, financial, agricultural
1

 
$
20

 
$
19

Lease financing
—

 
—

 
—

Real estate – construction
—

 
—

 
—

Real estate – 1-4 family mortgage
23

 
19,371

 
10,354

Real estate – commercial mortgage
16

 
12,785

 
10,934

Installment loans to individuals
1

 
182

 
171

Total
41

 
$
32,358

 
$
21,478
Changes in restructured loans
Changes in the Company’s restructured loans are set forth in the table below.

 
Number of
Loans
 
Recorded
Investment
Totals at January 1, 2012
36

 
$
29,436

Additional loans with concessions
13

 
4,336

Reductions due to:
 
 
 
Reclassified as nonperforming
(2
)
 
(3,227
)
Charge-offs
(3
)
 
(1,301
)
Principal paydowns
 
 
(2,025
)
Lapse of concession period
(3
)
 
(5,741
)
Totals at December 31, 2013
41

 
$
21,478

Additional loans with concessions
25

 
3,554

Reductions due to:
 
 
 
Reclassified as nonperforming
(5
)
 
(3,196
)
Paid in full
(6
)
 
(6,659
)
Charge-offs
(2
)
 
(191
)
Principal paydowns
—

 
(649
)
Totals at December 31, 2014
53

 
$
14,337
Loan portfolio by risk-rating grades
The following table presents the Company’s loan portfolio by risk-rating grades as of the dates presented:
 
 
Pass
 
Watch
 
Substandard
 
Total
December 31, 2014
 
 
 
 
 
 
 
Commercial, financial, agricultural
$
337,998

 
$
5,255

 
$
1,451

 
$
344,704

Real estate – construction
150,683

 
855

 
—

 
151,538

Real estate – 1-4 family mortgage
122,608

 
6,079

 
11,479

 
140,166

Real estate – commercial mortgage
1,389,787

 
31,109

 
33,554

 
1,454,450

Installment loans to individuals
1,402

 
—

 
—

 
1,402

Total
$
2,002,478

 
$
43,298

 
$
46,484

 
$
2,092,260

December 31, 2013
 
 
 
 
 
 
 
Commercial, financial, agricultural
$
328,959

 
$
10,588

 
$
4,266

 
$
343,813

Real estate – construction
114,428

 
588

 
—

 
115,016

Real estate – 1-4 family mortgage
126,916

 
13,864

 
23,370

 
164,150

Real estate – commercial mortgage
1,338,340

 
32,892

 
35,121

 
1,406,353

Installment loans to individuals
19

 
—

 
—

 
19

Total
$
1,908,662

 
$
57,932

 
$
62,757

 
$
2,029,351
Loan portfolio not subject to risk rating
The following table presents the performing status of the Company’s loan portfolio not subject to risk rating as of the dates presented:
 
 
Performing
 
Non-Performing
 
Total
December 31, 2014
 
 
 
 
 
Commercial, financial, agricultural
$
114,996

 
$
179

 
$
115,175

Lease financing
10,114

 
—

 
10,114

Real estate – construction
60,323

 
200

 
60,523

Real estate – 1-4 family mortgage
1,010,645

 
2,730

 
1,013,375

Real estate – commercial mortgage
266,867

 
1,352

 
268,219

Installment loans to individuals
83,744

 
39

 
83,783

Total
$
1,546,689

 
$
4,500

 
$
1,551,189

December 31, 2013
 
 
 
 
 
Commercial, financial, agricultural
$
89,490

 
$
176

 
$
89,666

Lease financing
52

 
—

 
52

Real estate – construction
43,535

 
—

 
43,535

Real estate – 1-4 family mortgage
938,994

 
2,527

 
941,521

Real estate – commercial mortgage
242,363

 
666

 
243,029

Installment loans to individuals
84,855

 
79

 
84,934

Total
$
1,399,289

 
$
3,448

 
$
1,402,737
Loans acquired with deteriorated credit quality
Loans acquired in business combinations that exhibited, at the date of acquisition, evidence of deterioration of the credit quality since origination, such that it was probable that all contractually required payments would not be collected, were as follows as of the dates presented:
 
 
Impaired
Covered
Loans
 
Other
Covered
Loans
 
Not
Covered
Loans
 
Total
December 31, 2014
 
 
 
 
 
 
 
Commercial, financial, agricultural
$
—

 
$
6,684

 
$
16,720

 
$
23,404

Lease financing
—

 
—

 
—

 
—

Real estate – construction
—

 
—

 
—

 
—

Real estate – 1-4 family mortgage
420

 
43,597

 
38,802

 
82,819

Real estate – commercial mortgage
7,584

 
84,720

 
141,941

 
234,245

Installment loans to individuals
—

 
36

 
3,921

 
3,957

Total
$
8,004

 
$
135,037

 
$
201,384

 
$
344,425

December 31, 2013
 
 
 
 
 
 
 
Commercial, financial, agricultural
$
—

 
$
9,546

 
$
25,938

 
$
35,484

Lease financing
—

 
—

 
—

 
—

Real estate – construction
—

 
1,648

 
1,237

 
2,885

Real estate – 1-4 family mortgage
835

 
53,631

 
48,096

 
102,562

Real estate – commercial mortgage
23,684

 
92,302

 
185,204

 
301,190

Installment loans to individuals
—

 
28

 
6,781

 
6,809

Total
$
24,519

 
$
157,155

 
$
267,256

 
$
448,930
Fair value of loans determined to be impaired and not to be impaired at the time of acquisition
The following table presents the fair value of loans determined to be impaired at the time of acquisition and determined not to be impaired at the time of acquisition as of the dates presented:
 

Impaired
Covered
Loans
 
Other
Covered
Loans
 
Not
Covered
Loans
 
Total
December 31, 2014
 
 
 
 
 
 
 
Contractually-required principal and interest
$
32,451

 
$
163,271

 
$
281,716

 
$
477,438

Nonaccretable difference(1)
(24,446
)
 
(25,611
)
 
(50,523
)
 
(100,580
)
Cash flows expected to be collected
8,005

 
137,660

 
231,193

 
376,858

Accretable yield(2)
(1
)
 
(2,623
)
 
(29,809
)
 
(32,433
)
Fair value
$
8,004

 
$
135,037

 
$
201,384

 
$
344,425

December 31, 2013
 
 
 
 
 
 
 
Contractually-required principal and interest
$
67,976

 
$
201,215

 
$
354,234

 
$
623,425

Nonaccretable difference(1)
(43,456
)
 
(40,301
)
 
(50,788
)
 
(134,545
)
Cash flows expected to be collected
24,520

 
160,914

 
303,446

 
488,880

Accretable yield(2)
(1
)
 
(3,759
)
 
(36,190
)
 
(39,950
)
Fair value
$
24,519

 
$
157,155

 
$
267,256

 
$
448,930

 
(1) 
Represents contractual principal cash flows of $95,081 and $125,086, respectively, and interest cash flows of $5,499 and $9,459, respectively, not expected to be collected.
(2) 
Represents contractual interest payments expected to be collected of $2,798 and $3,936, respectively, and purchase discount of $29,635 and $36,014, respectively.
Changes in accretable yield of loans acquired with deteriorated credit quality
Changes in the accretable yield of loans acquired with deteriorated credit quality were as follows:
 
 
Impaired
Covered
Loans
 
Other
Covered
Loans
 
Not
Covered
Loans
 
Total
Balance at January 1, 2013
$
(13
)
 
$
(6,705
)
 
$
(1,130
)
 
$
(7,848
)
Additions through acquisition
—

 
—

 
(37,555
)
 
(37,555
)
Reclasses from nonaccretable difference
(115
)
 
(6,741
)
 
(712
)
 
(7,568
)
Accretion
127

 
9,688

 
3,206

 
13,021

Balance at December 31, 2013
$
(1
)
 
$
(3,758
)
 
$
(36,191
)
 
$
(39,950
)
Additions through acquisition
—

 
—

 
—

 
—

Reclasses from nonaccretable difference
(104
)
 
(6,343
)
 
(683
)
 
(7,130
)
Accretion
104

 
7,478

 
6,006

 
13,588

Charge-off
—

—

—

 
1,059

 
1,059

Balance at December 31, 2014
$
(1
)
 
$
(2,623
)
 
$
(29,809
)
 
$
(32,433
)
Rollforward of the allowance for loan losses
The following table provides a rollforward of the allowance for loan losses and a breakdown of the ending balance of the allowance based on the Company’s impairment methodology for the periods presented:
 
 
Commercial
 
Real Estate  -
Construction
 
Real Estate -
1-4 Family
Mortgage
 
Real Estate  -
Commercial
Mortgage
 
Installment
and Other(1)
 
Total
Year Ended December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
$
3,090

 
$
1,091

 
$
18,629

 
$
23,688

 
$
1,167

 
$
47,665

Charge-offs
(1,516
)
 
—

 
(5,662
)
 
(6,186
)
 
(495
)
 
(13,859
)
Recoveries
455

 
33

 
1,325

 
436

 
67

 
2,316

Net charge-offs
(1,061
)
 
33

 
(4,337
)
 
(5,750
)
 
(428
)
 
(11,543
)
Provision for loan losses
1,297

 
290

 
(452
)
 
9,260

 
522

 
10,917

Benefit attributable to FDIC loss-share agreements
(204
)
 
—

 
(816
)
 
(5,258
)
 
—

 
(6,278
)
Recoveries payable to FDIC
183

 
1

 
525

 
819

 
—

 
1,528

Provision for loan losses charged to operations
1,276

 
291

 
(743
)
 
4,821

 
522

 
6,167

Ending balance
$
3,305

 
$
1,415

 
$
13,549

 
$
22,759

 
$
1,261

 
$
42,289

Period-End Amount Allocated to:
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
171

 
$
—

 
$
4,824

 
$
5,767

 
$
—

 
$
10,762

Collectively evaluated for impairment
3,134

 
1,415

 
8,725

 
16,992

 
1,261

 
31,527

Acquired with deteriorated credit quality
—

 
—

 
—

 
—

 
—

 
—

Ending balance
$
3,305

 
$
1,415

 
$
13,549

 
$
22,759

 
$
1,261

 
$
42,289

 
Commercial
 
Real Estate  -
Construction
 
Real Estate -
1-4 Family
Mortgage
 
Real Estate  -
Commercial
Mortgage
 
Installment
and Other(1)
 
Total
Year Ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
$
3,307

 
$
711

 
$
18,347

 
$
21,416

 
$
566

 
$
44,347

Charge-offs
(1,184
)
 
—

 
(3,093
)
 
(4,782
)
 
(492
)
 
(9,551
)
Recoveries
356

 
75

 
1,044

 
980

 
64

 
2,519

Net charge-offs
(828
)
 
75

 
(2,049
)
 
(3,802
)
 
(428
)
 
(7,032
)
Provision for loan losses
982

 
304

 
2,496

 
6,927

 
1,029

 
11,738

Benefit attributable to FDIC loss-share agreements
(403
)
 
—

 
(1,039
)
 
(919
)
 
—

 
(2,361
)
Recoveries payable to FDIC
32

 
1

 
874

 
66

 
—

 
973

Provision for loan losses charged to operations
611

 
305

 
2,331

 
6,074

 
1,029

 
10,350

Ending balance
$
3,090

 
$
1,091

 
$
18,629

 
$
23,688

 
$
1,167

 
$
47,665

Period-End Amount Allocated to:
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
260

 
$
—

 
$
7,353

 
$
7,036

 
$
1

 
$
14,650

Collectively evaluated for impairment
2,830

 
1,091

 
11,276

 
16,652

 
1,166

 
33,015

Acquired with deteriorated credit quality
—

 
—

 
—

 
—

 
—

 
—

Ending balance
$
3,090

 
$
1,091

 
$
18,629

 
$
23,688

 
$
1,167

 
$
47,665

Year Ended December 31, 2012
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
$
4,197

 
$
1,073

 
$
17,191

 
$
20,979

 
$
900

 
$
44,340

Charge-offs
(4,923
)
 
(187
)
 
(9,231
)
 
(5,828
)
 
(386
)
 
(20,555
)
Recoveries
531

 
34

 
1,330

 
455

 
87

 
2,437

Net charge-offs
(4,392
)
 
(153
)
 
(7,901
)
 
(5,373
)
 
(299
)
 
(18,118
)
Provision for loan losses
4,274

 
(121
)
 
13,201

 
10,938

 
(20
)
 
28,272

Benefit attributable to FDIC loss-share agreements
(777
)
 
(88
)
 
(4,326
)
 
(5,202
)
 
(15
)
 
(10,408
)
Recoveries payable to FDIC
5

 
—

 
182

 
74

 
—

 
261

Provision for loan losses charged to operations
$
3,502

 
$
(209
)
 
$
9,057

 
$
5,810

 
$
(35
)
 
$
18,125

Ending balance
$
3,307

 
$
711

 
$
18,347

 
$
21,416

 
$
566

 
$
44,347

Period-End Amount Allocated to:


 


 


 


 


 


Individually evaluated for impairment
$
708

 
$
—

 
$
9,201

 
$
7,688

 
$
—

 
$
17,597

Collectively evaluated for impairment
2,599

 
711

 
9,146

 
13,728

 
566

 
26,750

Acquired with deteriorated credit quality
—

 
—

 
—

 
—

 
—

 
—

Ending balance
$
3,307

 
$
711

 
$
18,347

 
$
21,416

 
$
566

 
$
44,347

(1) 
 Includes lease financing receivables.
Investment in loans, net of unearned income on impairment methodology
The following table provides the recorded investment in loans, net of unearned income, based on the Company’s impairment methodology as of the dates presented:
 
 
Commercial
 
Real Estate  -
Construction
 
Real Estate -
1-4 Family
Mortgage
 
Real Estate  -
Commercial
Mortgage
 
Installment
and Other(1)
 
Total
December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
984

 
$
164

 
$
18,401

 
$
29,079

 
$
21

 
$
48,649

Collectively evaluated for impairment
458,895

 
211,897

 
1,135,140

 
1,693,590

 
95,278

 
3,594,800

Acquired with deteriorated credit quality
23,404

 
—

 
82,819

 
234,245

 
3,957

 
344,425

Ending balance
$
483,283

 
$
212,061

 
$
1,236,360

 
$
1,956,914

 
$
99,256

 
$
3,987,874

December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
743

 
$
—

 
$
25,374

 
$
30,624

 
$
183

 
$
56,924

Collectively evaluated for impairment
432,736

 
158,551

 
1,080,297

 
1,618,758

 
84,822

 
3,375,164

Acquired with deteriorated credit quality
35,484

 
2,885

 
102,562

 
301,190

 
6,809

 
448,930

Ending balance
$
468,963

 
$
161,436

 
$
1,208,233

 
$
1,950,572

 
$
91,814

 
$
3,881,018

 
(1) 
Includes lease financing receivables.
Related Party Loans
A summary of the changes in related party loans follows:
 
Loans at December 31, 2013
$
34,758

New loans and advances
2,443

Payments received
(12,900
)
Changes in related parties
(6,272
)
Loans at December 31, 2014
$
18,029
First M&F  
Business Acquisition [Line Items]  
Fair value of loans determined to be impaired and not to be impaired at the time of acquisition
The following table presents the fair value of loans acquired from First M&F as of the September 1, 2013 acquisition date.
At acquisition date:
 
September 1, 2013
  Contractually-required principal and interest
 
1,112,979

  Nonaccretable difference
 
70,334

  Cash flows expected to be collected
 
1,042,645

  Accretable yield
 
143,409

      Fair value
 
899,236
Fair value of loans determined to be impaired and not to be impaired at the time of acquisition
The following table presents the fair value of loans acquired from First M&F as of the September 1, 2013 acquisition date.
At acquisition date:
 
September 1, 2013
  Contractually-required principal and interest
 
1,112,979

  Nonaccretable difference
 
70,334

  Cash flows expected to be collected
 
1,042,645

  Accretable yield
 
143,409

      Fair value
 
899,236