Loans and Asset Quality Information (Tables)

3 Months Ended

Mar. 31, 2014

Loans And Asset Quality Information Tables

Summary of the major categories of total loans outstanding

The following is a summary of the major categories of total loans outstanding:

($ in thousands)	March 31, 2014				December 31, 2013				March 31, 2013
	Amount		Percentage		Amount		Percentage		Amount		Percentage
All loans (non-covered and covered):
Commercial, financial, and agricultural	$	170,209		7%	$	168,469		7%	$	162,074		7%
Real estate – construction, land development & other land loans		296,141		12%		305,246		12%		293,918		12%
Real estate – mortgage – residential (1-4 family) first mortgages		829,671		34%		838,862		34%		831,467		35%
Real estate – mortgage – home equity loans / lines of credit		229,167		9%		227,907		9%		236,222		10%
Real estate – mortgage – commercial and other		857,327		35%		855,249		35%		803,875		33%
Installment loans to individuals		64,003		3%		66,533		3%		67,272		3%
Subtotal		2,446,518		100%		2,462,266		100%		2,394,828		100%
Unamortized net deferred loan costs		759				928				1,323
Total loans	$	2,447,277			$	2,463,194			$	2,396,151

Summary of the major categories of non-covered loans outstanding

The following is a summary of the major categories of non-covered loans outstanding:

($ in thousands)	March 31, 2014				December 31, 2013				March 31, 2013
	Amount		Percentage		Amount		Percentage		Amount		Percentage
Non-covered loans:
Commercial, financial, and agricultural	$	167,443		7%	$	164,195		7%	$	157,235		7%
Real estate – construction, land development & other land loans		269,216		12%		273,412		12%		253,275		12%
Real estate – mortgage – residential (1-4 family) first mortgages		729,080		32%		730,712		32%		700,429		33%
Real estate – mortgage – home equity loans / lines of credit		215,128		10%		213,016		10%		217,567		10%
Real estate – mortgage – commercial and other		811,612		36%		804,621		36%		736,314		35%
Installment loans to individuals		63,488		3%		66,001		3%		66,540		3%
Subtotal		2,255,967		100%		2,251,957		100%		2,131,360		100%
Unamortized net deferred loan costs		759				928				1,323
Total non-covered loans	$	2,256,726			$	2,252,885			$	2,132,683

Schedule of the carrying amount of the covered loans

The carrying amount of the covered loans at March 31, 2014 consisted of impaired and nonimpaired purchased loans (as determined on the date of acquisition), as follows:

($ in thousands)	Impaired Purchased Loans – Carrying Value		Impaired Purchased Loans – Unpaid Principal Balance		Nonimpaired Purchased Loans – Carrying Value		Nonimpaired Purchased Loans - Unpaid Principal Balance		Total Covered Loans – Carrying Value		Total Covered Loans – Unpaid Principal Balance
Covered loans:
Commercial, financial, and agricultural	$	72		133		2,694		4,435		2,766		4,568
Real estate – construction, land development & other land loans		329		555		26,596		36,520		26,925		37,075
Real estate – mortgage – residential (1-4 family) first mortgages		480		1,336		100,111		117,875		100,591		119,211
Real estate – mortgage – home equity loans / lines of credit		13		20		14,026		16,923		14,039		16,943
Real estate – mortgage – commercial and other		2,394		4,147		43,321		55,179		45,715		59,326
Installment loans to individuals		—		—		515		518		515		518
Total	$	3,288		6,191		187,263		231,450		190,551		237,641

The carrying amount of the covered loans at December 31, 2013 consisted of impaired and nonimpaired purchased loans (as determined on the date of the acquisition), as follows:

($ in thousands)	Impaired Purchased Loans – Carrying Value		Impaired Purchased Loans – Unpaid Principal Balance		Nonimpaired Purchased Loans – Carrying Value		Nonimpaired Purchased Loans - Unpaid Principal Balance		Total Covered Loans – Carrying Value		Total Covered Loans – Unpaid Principal Balance
Covered loans:
Commercial, financial, and agricultural	$	75		136		4,199		5,268		4,274		5,404
Real estate – construction, land development & other land loans		325		564		31,509		47,792		31,834		48,356
Real estate – mortgage – residential (1-4 family) first mortgages		575		1,500		107,575		126,882		108,150		128,382
Real estate – mortgage – home equity loans / lines of credit		14		21		14,877		18,318		14,891		18,339
Real estate – mortgage – commercial and other		2,153		4,042		48,475		62,630		50,628		66,672
Installment loans to individuals		—		—		532		607		532		607
Total	$	3,142		6,263		207,167		261,497		210,309		267,760

Schedule of covered purchased nonimpaired loans

The following table presents information regarding covered purchased nonimpaired loans since December 31, 2012. The amounts include principal only and do not reflect accrued interest as of the date of the acquisition or beyond.

($ in thousands)
Carrying amount of nonimpaired covered loans at December 31, 2012	$	277,489
Principal repayments		(63,588	)
Transfers to foreclosed real estate		(13,977	)
Loan charge-offs		(12,957	)
Accretion of loan discount		20,200
Carrying amount of nonimpaired covered loans at December 31, 2013		207,167
Principal repayments		(21,393	)
Transfers to foreclosed real estate		(1,971	)
Loan charge-offs		(2,948	)
Accretion of loan discount		6,408
Carrying amount of nonimpaired covered loans at March 31, 2014	$	187,263

Schedule of purchased impaired loans

The following table presents information regarding all purchased impaired loans since December 31, 2012, all of which are covered loans. The Company has applied the cost recovery method to all purchased impaired loans at their respective acquisition dates due to the uncertainty as to the timing of expected cash flows, as reflected in the following table.

($ in thousands) Purchased Impaired Loans	Contractual Principal Receivable			Fair Market Value Adjustment – Write Down (Nonaccretable Difference)			Carrying Amount
Balance at December 31, 2012		8,815			3,990			4,825
Change due to payments received		(301	)		(31	)		(270	)
Transfer to foreclosed real estate		(2,100	)		(784	)		(1,316	)
Change due to loan charge-off		(150	)		(54	)		(96	)
Other		(1	)		—			(1	)
Balance at December 31, 2013	$	6,263			3,121			3,142
Change due to payments received		(269	)		(103	)		(166	)
Other		197			(115	)		312
Balance at March 31, 2014	$	6,191			2,903			3,288

Summary of nonperforming assets

Nonperforming assets are defined as nonaccrual loans, restructured loans, loans past due 90 or more days and still accruing interest, nonperforming loans held for sale, and foreclosed real estate. Nonperforming assets are summarized as follows:

ASSET QUALITY DATA ($ in thousands)	March 31, 2014		December 31, 2013		March 31, 2013
Non-covered nonperforming assets
Nonaccrual loans	$	44,129	$	41,938	$	38,917
Restructured loans - accruing		26,335		27,776		24,378
Accruing loans > 90 days past due		—		—		—
Total non-covered nonperforming loans		70,464		69,714		63,295
Foreclosed real estate		11,740		12,251		20,115
Total non-covered nonperforming assets	$	82,204	$	81,965	$	83,410
Covered nonperforming assets
Nonaccrual loans (1)	$	31,986	$	37,217	$	51,221
Restructured loans - accruing		7,429		8,909		10,582
Accruing loans > 90 days past due		—		—		—
Total covered nonperforming loans		39,415		46,126		61,803
Foreclosed real estate		19,504		24,497		30,156
Total covered nonperforming assets	$	58,919	$	70,623	$	91,959
Total nonperforming assets	$	141,123	$	152,588	$	175,369

(1) At March 31, 2014, December 31, 2013, and March 31, 2013, the contractual balance of the nonaccrual loans covered by FDIC loss share agreements was $49.3 million, $60.4 million, and $94.8 million, respectively.

Schedule of nonaccrual loans

The following table presents the Company’s nonaccrual loans as of March 31, 2014.

($ in thousands)	Non-covered		Covered		Total
Commercial, financial, and agricultural:
Commercial – unsecured	$	281		113		394
Commercial – secured		4,037		111		4,148
Secured by inventory and accounts receivable		963		175		1,138
Real estate – construction, land development & other land loans		8,550		11,026		19,576
Real estate – residential, farmland and multi-family		18,648		9,843		28,491
Real estate – home equity lines of credit		2,295		351		2,646
Real estate – commercial		8,885		10,367		19,252
Consumer		470		—		470
Total	$	44,129		31,986		76,115

The following table presents the Company’s nonaccrual loans as of December 31, 2013.

($ in thousands)	Non-covered		Covered		Total
Commercial, financial, and agricultural:
Commercial – unsecured	$	222		38		260
Commercial – secured		2,662		114		2,776
Secured by inventory and accounts receivable		545		782		1,327
Real estate – construction, land development & other land loans		8,055		13,502		21,557
Real estate – residential, farmland and multi-family		17,814		12,344		30,158
Real estate – home equity lines of credit		2,200		335		2,535
Real estate – commercial		10,115		10,099		20,214
Consumer		325		3		328
Total	$	41,938		37,217		79,155

Schedule of analysis of the payment status of loans

The following table presents an analysis of the payment status of the Company’s loans as of March 31, 2014.

($ in thousands)	30-59 Days Past Due		60-89 Days Past Due		Nonaccrual Loans		Current		Total Loans Receivable
Non-covered loans
Commercial, financial, and agricultural:
Commercial - unsecured	$	218		59		281		34,338		34,896
Commercial - secured		1,478		257		4,037		122,958		128,730
Secured by inventory and accounts receivable		198		—		963		19,681		20,842
Real estate – construction, land development & other land loans		1,478		1,100		8,550		230,182		241,310
Real estate – residential, farmland, and multi-family		11,401		1,655		18,648		838,650		870,354
Real estate – home equity lines of credit		413		277		2,295		197,872		200,857
Real estate - commercial		4,550		399		8,885		698,675		712,509
Consumer		374		165		470		45,460		46,469
Total non-covered	$	20,110		3,912		44,129		2,187,816		2,255,967
Unamortized net deferred loan costs										759
Total non-covered loans									$	2,256,726
Covered loans	$	6,140		163		31,986		152,262		190,551
Total loans	$	26,250		4,075		76,115		2,340,078		2,447,277

The Company had no non-covered or covered loans that were past due greater than 90 days and accruing interest at March 31, 2014.

The following table presents an analysis of the payment status of the Company’s loans as of December 31, 2013.

($ in thousands)	30-59 Days Past Due		60-89 Days Past Due		Nonaccrual Loans		Current		Total Loans Receivable
Non-covered loans
Commercial, financial, and agricultural:
Commercial - unsecured	$	347		94		222		36,352		37,015
Commercial - secured		1,233		462		2,662		117,923		122,280
Secured by inventory and accounts receivable		438		767		545		19,426		21,176
Real estate – construction, land development & other land loans		2,304		1,391		8,055		232,920		244,670
Real estate – residential, farmland, and multi-family		11,682		2,631		17,814		837,260		869,387
Real estate – home equity lines of credit		1,465		305		2,200		194,157		198,127
Real estate - commercial		3,196		214		10,115		696,081		709,606
Consumer		494		187		325		48,690		49,696
Total non-covered	$	21,159		6,051		41,938		2,182,809		2,251,957
Unamortized net deferred loan costs										928
Total non-covered loans									$	2,252,885
Covered loans	$	5,179		768		37,217		167,145		210,309
Total loans	$	26,338		6,819		79,155		2,349,954		2,463,194

The Company had no non-covered or covered loans that were past due greater than 90 days and accruing interest at December 31, 2013.

Schedule of activity in the allowance for loan losses for non-covered loans

The following table presents the activity in the allowance for loan losses for non-covered loans for the three months ended March 31, 2014.

($ in thousands)	Commercial, Financial, and Agricultural			Real Estate – Construction, Land Development, & Other Land Loans			Real Estate – Residential, Farmland, and Multi- family			Real Estate – Home Equity Lines of Credit			Real Estate – Commercial and Other			Consumer			Unallo- cated			Total
As of and for the three months ended March 31, 2014
Beginning balance	$	7,432			12,966			15,142			1,838			5,524			1,513			(152	)		44,263
Charge-offs		(625	)		(927	)		(770	)		(106	)		(612	)		(428	)		—			(3,468	)
Recoveries		28			236			65			5			95			117			—			546
Provisions		2,054			(3,625	)		(1,704	)		1,925			4,368			(172	)		519			3,365
Ending balance	$	8,889			8,650			12,733			3,662			9,375			1,030			367			44,706
Ending balances as of March 31, 2014:  Allowance for loan losses
Individually evaluated for impairment	$	197			466			2,285			—			571			—			—			3,519
Collectively evaluated for impairment	$	8,692			8,184			10,448			3,662			8,804			1,030			367			41,187
Loans acquired with deteriorated credit quality	$	—			—			—			—			—			—			—			—
Loans receivable as of March 31, 2014:
Ending balance – total	$	184,468			241,310			870,354			200,857			712,509			46,469			—			2,255,967
Ending balances as of March 31, 2014: Loans
Individually evaluated for impairment	$	1,093			7,411			21,110			499			16,050			11			—			46,174
Collectively evaluated for impairment	$	183,375			233,899			849,244			200,358			696,459			46,458			—			2,209,793
Loans acquired with deteriorated credit quality	$	—			—			—			—			—			—			—			—

The following table presents the activity in the allowance for loan losses for non-covered loans for the year ended December 31, 2013.

($ in thousands)	Commercial, Financial, and Agricultural			Real Estate – Construction, Land Development, & Other Land Loans			Real Estate – Residential, Farmland, and Multi-family			Real Estate – Home Equity Lines of Credit			Real Estate – Commercial and Other			Consumer			Unallo- cated			Total
As of and for the year ended December 31, 2013
Beginning balance	$	4,687			12,856			14,082			1,884			5,247			1,939			948			41,643
Charge-offs		(4,418	)		(2,739	)		(3,732	)		(1,314	)		(4,346	)		(2,174	)		(660	)		(19,383	)
Recoveries		299			743			753			87			1,381			474			—			3,737
Provisions		6,864			2,106			4,039			1,181			3,242			1,274			(440	)		18,266
Ending balance	$	7,432			12,966			15,142			1,838			5,524			1,513			(152	)		44,263
Ending balances as of December 31, 2013:  Allowance for loan losses
Individually evaluated for impairment	$	202			544			1,162			1			649			1			—			2,559
Collectively evaluated for impairment	$	7,230			12,422			13,980			1,837			4,875			1,512			(152	)		41,704
Loans acquired with deteriorated credit quality	$	—			—			—			—			—			—			—			—
Loans receivable as of December 31, 2013:
Ending balance – total	$	180,471			244,670			869,387			198,127			709,606			49,696			—			2,251,957
Ending balances as of December 31, 2013: Loans
Individually evaluated for impairment	$	582			8,027			19,111			22			16,894			13			—			44,649
Collectively evaluated for impairment	$	179,889			236,643			850,276			198,105			692,712			49,683			—			2,207,308
Loans acquired with deteriorated credit quality	$	—			—			—			—			—			—			—			—

The following table presents the activity in the allowance for loan losses for non-covered loans for the three months ended March 31, 2013.

($ in thousands)	Commercial, Financial, and Agricultural			Real Estate – Construction, Land Development, & Other Land Loans			Real Estate – Residential, Farmland, and Multi- family			Real Estate – Home Equity Lines of Credit			Real Estate – Commercial and Other			Consumer			Unallo- cated			Total
As of and for the three months ended March 31, 2013
Beginning balance	$	4,687			12,856			14,082			1,884			5,247			1,939			948			41,643
Charge-offs		(824	)		(823	)		(797	)		(624	)		(540	)		(528	)		(659	)		(4,795	)
Recoveries		19			593			546			58			789			137			—			2,142
Provisions		1,067			2,231			1,454			722			218			243			(164	)		5,771
Ending balance	$	4,949			14,857			15,285			2,040			5,714			1,791			125			44,761
Ending balances as of March 31, 2013:  Allowance for loan losses
Individually evaluated for impairment	$	192			1,085			1,664			1			1,271			2			—			4,215
Collectively evaluated for impairment	$	4,757			13,772			13,621			2,039			4,443			1,789			125			40,546
Loans acquired with deteriorated credit quality	$	—			—			—			—			—			—			—			—
Loans receivable as of March 31, 2013:
Ending balance – total	$	171,721			220,702			838,273			200,136			648,732			51,796			—			2,131,360
Ending balances as of March 31, 2013: Loans
Individually evaluated for impairment	$	1,098			7,001			19,725			22			21,375			14			—			49,235
Collectively evaluated for impairment	$	170,623			213,701			818,548			200,114			627,357			51,782			—			2,082,125
Loans acquired with deteriorated credit quality	$	—			—			—			—			—			—			—			—

Schedule of activity in the allowance for loan losses for covered loans

The following table presents the activity in the allowance for loan losses for covered loans for the three months ended March 31, 2014.

($ in thousands)	Covered Loans
As of and for the three months ended March 31, 2014
Beginning balance	$	4,242
Charge-offs		(2,948	)
Recoveries		1,917
Provisions		210
Ending balance	$	3,421
Ending balances as of March 31, 2014:  Allowance for loan losses
Individually evaluated for impairment	$	629
Collectively evaluated for impairment		2,792
Loans acquired with deteriorated credit quality		12
Loans receivable as of March 31, 2014:
Ending balance – total	$	190,551
Ending balances as of March 31, 2014: Loans
Individually evaluated for impairment	$	31,547
Collectively evaluated for impairment		159,004
Loans acquired with deteriorated credit quality		3,288

The following table presents the activity in the allowance for loan losses for covered loans for the year ended December 31, 2013.

($ in thousands)	Covered Loans
As of and for the year ended December 31, 2013
Beginning balance	$	4,759
Charge-offs		(13,053	)
Recoveries		186
Provisions		12,350
Ending balance	$	4,242
Ending balances as of December 31, 2013:  Allowance for loan losses
Individually evaluated for impairment	$	3,133
Collectively evaluated for impairment		1,109
Loans acquired with deteriorated credit quality		25
Loans receivable as of December 31, 2013:
Ending balance – total	$	210,309
Ending balances as of December 31, 2013: Loans
Individually evaluated for impairment	$	46,126
Collectively evaluated for impairment		164,183
Loans acquired with deteriorated credit quality		3,142

The following table presents the activity in the allowance for loan losses for covered loans for the three months ended March 31, 2013.

($ in thousands)	Covered Loans
As of and for the three months ended March 31, 2013
Beginning balance	$	4,759
Charge-offs		(5,109	)
Recoveries		—
Provisions		5,378
Ending balance	$	5,028
Ending balances as of March 31, 2013:  Allowance for loan losses
Individually evaluated for impairment	$	3,862
Collectively evaluated for impairment		1,166
Loans acquired with deteriorated credit quality		17
Loans receivable as of March 31, 2013:
Ending balance – total	$	263,468
Ending balances as of March 31, 2013: Loans
Individually evaluated for impairment	$	61,803
Collectively evaluated for impairment		201,665
Loans acquired with deteriorated credit quality		4,726

Schedule of impaired loans

The following table presents the Company’s impaired loans as of March 31, 2014.

($ in thousands)	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment
Non-covered loans with no related allowance recorded:
Commercial, financial, and agricultural:
Commercial - unsecured	$	65		65		—		33
Commercial - secured		332		334		—		166
Secured by inventory and accounts receivable		—		—		—		—
Real estate – construction, land development & other land loans		5,848		6,715		—		6,123
Real estate – residential, farmland, and multi-family		6,884		7,736		—		5,384
Real estate – home equity lines of credit		499		499		—		250
Real estate – commercial		8,647		10,485		—		7,986
Consumer		11		13		—		6
Total non-covered impaired loans with no allowance	$	22,286		25,847		—		19,948
Total covered impaired loans with no allowance	$	26,074		40,664		—		27,566
Total impaired loans with no allowance recorded	$	48,360		66,511		—		47,514
Non-covered  loans with an allowance recorded:
Commercial, financial, and agricultural:
Commercial - unsecured	$	115		116		115		115
Commercial - secured		581		581		82		487
Secured by inventory and accounts receivable		—		—		—		38
Real estate – construction, land development & other land loans		1,563		1,787		466		1,596
Real estate – residential, farmland, and multi-family		14,226		14,408		2,285		14,727
Real estate – home equity lines of credit		—		—		—		11
Real estate – commercial		7,403		7,811		571		8,487
Consumer		—		—		—		7
Total non-covered impaired loans with allowance	$	23,888		24,703		3,519		25,468
Total covered impaired loans with allowance	$	5,473		6,080		629		11,271
Total impaired loans with an allowance recorded	$	29,361		30,783		4,148		36,739

Interest income recorded on non-covered and covered impaired loans during the three months ended March 31, 2014 is considered insignificant.

The following table presents the Company’s impaired loans as of December 31, 2013.

($ in thousands)	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment
Non-covered loans with no related allowance recorded:
Commercial, financial, and agricultural:
Commercial - unsecured	$	—		—		—		—
Commercial - secured		—		—		—		334
Secured by inventory and accounts receivable		—		—		—		—
Real estate – construction, land development & other land loans		6,398		6,907		—		5,005
Real estate – residential, farmland, and multi-family		3,883		4,429		—		2,329
Real estate – home equity lines of credit		—		—		—		—
Real estate – commercial		7,324		9,008		—		9,981
Consumer		—		—		—		—
Total non-covered impaired loans with no allowance	$	17,605		20,344		—		17,649
Total covered impaired loans with no allowance	$	29,058		48,785		—		39,215
Total impaired loans with no allowance recorded	$	46,663		69,129		—		56,864
Non-covered  loans with an allowance recorded:
Commercial, financial, and agricultural:
Commercial - unsecured	$	115		115		63		72
Commercial - secured		392		394		64		1,081
Secured by inventory and accounts receivable		75		75		75		80
Real estate – construction, land development & other land loans		1,629		2,148		544		2,339
Real estate – residential, farmland, and multi-family		15,228		15,642		1,162		13,417
Real estate – home equity lines of credit		22		22		1		637
Real estate – commercial		9,570		10,873		649		5,914
Consumer		13		35		1		466
Total non-covered impaired loans with allowance	$	27,044		29,304		2,559		24,006
Total covered impaired loans with allowance	$	17,068		22,367		3,133		14,343
Total impaired loans with an allowance recorded	$	44,112		51,671		5,692		38,349

Schedule of recorded investment in loans by credit quality indicators

The following table presents the Company’s recorded investment in loans by credit quality indicators as of March 31, 2014.

($ in thousands)	Credit Quality Indicator (Grouped by Internally Assigned Grade)
	Pass (Grades 1, 2, & 3)		Weak Pass (Grade 4)		Watch or Standard Loans (Grade 9)		Special Mention Loans (Grade 5)		Classified Loans (Grades 6, 7, & 8)		Nonaccrual Loans		Total
Non-covered loans:
Commercial, financial, and agricultural:
Commercial - unsecured	$	9,173		21,607		7		1,563		2,265		281		34,896
Commercial - secured		33,729		80,771		98		4,512		5,583		4,037		128,730
Secured by inventory and accounts receivable		5,306		12,189		—		1,108		1,276		963		20,842
Real estate – construction, land development & other land loans		46,739		161,944		2,309		11,135		10,633		8,550		241,310
Real estate – residential, farmland, and multi-family		224,433		540,190		5,343		41,802		39,938		18,648		870,354
Real estate – home equity lines of credit		122,366		63,737		1,492		5,223		5,744		2,295		200,857
Real estate - commercial		122,674		527,655		8,944		28,457		15,894		8,885		712,509
Consumer		24,389		19,836		54		663		1,057		470		46,469
Total	$	588,809		1,427,929		18,247		94,463		82,390		44,129		2,255,967
Unamortized net deferred loan costs														759
Total non-covered  loans													$	2,256,726
Total covered loans	$	18,501		98,742		—		12,209		29,113		31,986		190,551
Total loans	$	607,310		1,526,671		18,247		106,672		111,503		76,115		2,447,277

At March 31, 2014, there was an insignificant amount of loans that were graded “8” with an accruing status.

The following table presents the Company’s recorded investment in loans by credit quality indicators as of December 31, 2013.

($ in thousands)	Credit Quality Indicator (Grouped by Internally Assigned Grade)
	Pass (Grades 1, 2, & 3)		Weak Pass (Grade 4)		Watch or Standard Loans (Grade 9)		Special Mention Loans (Grade 5)		Classified Loans (Grades 6, 7, & 8)		Nonaccrual Loans		Total
Non-covered loans:
Commercial, financial, and agricultural:
Commercial - unsecured	$	8,495		24,415		7		1,509		2,367		222		37,015
Commercial - secured		31,494		77,441		100		5,597		4,986		2,662		122,280
Secured by inventory and accounts receivable		4,098		12,800		—		2,022		1,711		545		21,176
Real estate – construction, land development & other land loans		31,221		181,050		2,365		11,646		10,333		8,055		244,670
Real estate – residential, farmland, and multi-family		227,053		540,349		5,062		41,583		37,526		17,814		869,387
Real estate – home equity lines of credit		120,205		63,400		1,499		5,699		5,124		2,200		198,127
Real estate - commercial		115,397		533,680		10,014		24,557		15,843		10,115		709,606
Consumer		25,703		21,790		54		829		995		325		49,696
Total	$	563,666		1,454,925		19,101		93,442		78,885		41,938		2,251,957
Unamortized net deferred loan costs														928
Total non-covered  loans													$	2,252,885
Total covered loans	$	25,078		92,147		—		8,857		47,010		37,217		210,309
Total loans	$	588,744		1,547,072		19,101		102,299		125,895		79,155		2,463,194

Schedule of information related to loans modified in a troubled debt restructuring

The following table presents information related to loans modified in a troubled debt restructuring during the three months ended March 31, 2014 and 2013.

($ in thousands)	For the three months ended March 31, 2014
	Number of Contracts		Pre-Modification Restructured Balances		Post-Modification Restructured Balances
Non-covered TDRs – Accruing
Real estate – residential, farmland, and multi-family		1	$	266	$	266
Non-covered TDRs - Nonaccrual
Real estate – residential, farmland, and multi-family		2		106		106
Total non-covered TDRs arising during period		3		372		372
Total covered TDRs arising during period– Accruing		—	$	—	$	—
Total covered TDRs arising during period – Nonaccrual		5		710		682
Total TDRs arising during period		8	$	1,082	$	1,054

($ in thousands)	For the three months ended March 31, 2013
	Number of Contracts		Pre-Modification Restructured Balances		Post-Modification Restructured Balances
Non-covered TDRs – Accruing
Real estate – residential, farmland, and multi-family		6	$	508	$	508
Real estate – commercial		1		61		61
Consumer		1		14		14
Non-covered TDRs - Nonaccrual
Real estate – residential, farmland, and multi-family		3		209		209
Total non-covered TDRs arising during period		11		792		792
Total covered TDRs arising during period– Accruing		1	$	47	$	40
Total covered TDRs arising during period – Nonaccrual		—		—		—
Total TDRs arising during period		12	$	839	$	832

Schedule od accruing restructured loans that defaulted in the period

Accruing restructured loans that were modified in the previous 12 months and that defaulted during the three months ended March 31, 2014 are presented in the table below. The Company considers a loan to have defaulted when it becomes 90 or more days delinquent under the modified terms, has been transferred to nonaccrual status, or has been transferred to foreclosed real estate.

($ in thousands)	For the three months ended March 31, 2014
	Number of Contracts		Recorded Investment
Non-covered accruing TDRs that subsequently defaulted
Real estate – construction, land development & other land loans		1	$	5
Real estate – commercial		1		71
Total non-covered TDRs that subsequently defaulted		2	$	76
Total accruing covered TDRs that subsequently defaulted		—	$	—
Total accruing TDRs that subsequently defaulted		2	$	76

Accruing restructured loans that were modified in the previous 12 months and that defaulted during the three months ended March 31, 2013 are presented in the table below.

($ in thousands)	For the three months ended March 31, 2013
	Number of Contracts		Recorded Investment
Non-covered accruing TDRs that subsequently defaulted
Real estate – residential, farmland, and multi-family		1	$	252
Total non-covered TDRs that subsequently defaulted		1	$	252
Total accruing covered TDRs that subsequently defaulted		1	$	3,501
Total accruing TDRs that subsequently defaulted		2	$	3,753