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Allowance for Loan Losses (Tables)
 12 Months Ended
Dec. 31, 2012
Allowance for Loan Losses [Abstract]  
Changes in the Allowance for Loan Losses by Classification
Changes in the allowance for loan losses were as follows:
 
 
 
Year Ended December 31,
(Dollars in thousands)
 
2012
 
2011
 
2010
Balance at the beginning of year
 
$
33,677

 
$
28,840

 
$
24,027

Provision charged to operations
 
12,405

 
14,160

 
14,959

Loans charged off
 
(13,497
)
 
(12,177
)
 
(12,330
)
Recoveries of loans previously charged off
 
3,322

 
2,854

 
2,184

Balance at the end of year
 
$
35,907

 
$
33,677

 
$
28,840
Allowance for Loan Losses by Impairment Methodology
The following table presents, as of December 31, 2012, the total allowance for loan losses, the allowance by impairment methodology (individually evaluated for impairment or collectively evaluated for impairment), the total loans and loans by impairment methodology (individually evaluated for impairment or collectively evaluated for impairment).
 
(Dollars in thousands)
 
Real Estate
Residential
Mortgage
 
Real Estate
Construction
 
Commercial,
Financial &
Agricultural
 
Equity Lines
 
Consumer
 
Consumer
Finance
 
Total
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance at the beginning of year
 
$
2,379

 
$
480

 
$
10,040

 
$
912

 
$
319

 
$
19,547

 
$
33,677

Provision charged to operations
 
737

 
(56
)
 
1,737

 
53

 
94

 
9,840

 
12,405

Loans charged off
 
(793
)
 
—

 
(2,074
)
 
(159
)
 
(337
)
 
(10,134
)
 
(13,497
)
Recoveries of loans previously charged off
 
35

 
—

 
121

 
79

 
207

 
2,880

 
3,322

Ending balance
 
$
2,358

 
$
424

 
$
9,824

 
$
885

 
$
283

 
$
22,133

 
$
35,907

Ending balance: individually evaluated for impairment
 
$
433

 
$
—

 
$
3,319

 
$
—

 
$
49

 
$
—

 
$
3,801

Ending balance: collectively evaluated for impairment
 
$
1,925

 
$
424

 
$
6,505

 
$
885

 
$
234

 
$
22,133

 
$
32,106

Loans:
 
 

 
 

 
 

 
 

 
 

 
 

 
 

Ending balance
 
$
149,257

 
$
5,062

 
$
205,052

 
$
33,324

 
$
5,309

 
$
278,186

 
$
676,190

Ending balance: individually evaluated for impairment
 
$
2,230

 
$
—

 
$
13,938

 
$
—

 
$
324

 
$
—

 
$
16,492

Ending balance: collectively evaluated for impairment
 
$
147,027

 
$
5,062

 
$
191,114

 
$
33,324

 
$
4,985

 
$
278,186

 
$
659,698

 
The following table presents, as of December 31, 2011, the total allowance for loan losses, the allowance by impairment methodology (individually evaluated for impairment or collectively evaluated for impairment), the total loans and loans by impairment methodology (individually evaluated for impairment or collectively evaluated for impairment).
 
(Dollars in thousands)
 
Real Estate
Residential
Mortgage
 
Real Estate
Construction
 
Commercial,
Financial &
Agricultural
 
Equity Lines
 
Consumer
 
Consumer
Finance
 
Total
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance at the beginning of year
 
$
1,442

 
$
581

 
$
8,688

 
$
380

 
$
307

 
$
17,442

 
$
28,840

Provision charged to operations
 
1,935

 
(101
)
 
3,745

 
572

 
209

 
7,800

 
14,160

Loans charged off
 
(1,096
)
 
—

 
(2,566
)
 
(52
)
 
(319
)
 
(8,144
)
 
(12,177
)
Recoveries of loans previously charged off
 
98

 
—

 
173

 
12

 
122

 
2,449

 
2,854

Ending balance
 
$
2,379

 
$
480

 
$
10,040

 
$
912

 
$
319

 
$
19,547

 
$
33,677

Ending balance: individually evaluated for impairment
 
$
657

 
$
—

 
$
3,274

 
$
—

 
$
49

 
$
—

 
$
3,980

Ending balance: collectively evaluated for impairment
 
$
1,722

 
$
480

 
$
6,766

 
$
912

 
$
270

 
$
19,547

 
$
29,697

Loans:
 
 

 
 

 
 

 
 

 
 

 
 

 
 

Ending balance
 
$
147,135

 
$
5,737

 
$
212,235

 
$
33,192

 
$
6,057

 
$
246,305

 
$
650,661

Ending balance: individually evaluated for impairment
 
$
3,482

 
$
—

 
$
14,288

 
$
—

 
$
324

 
$
—

 
$
18,094

Ending balance: collectively evaluated for impairment
 
$
143,653

 
$
5,737

 
$
197,947

 
$
33,192

 
$
5,733

 
$
246,305

 
$
632,567

 
Loans by Credit Quality Indicator
Loans by credit quality indicators as of December 31, 2012 were as follows:
 
(Dollars in thousands)
 
Pass
 
Special
Mention
 
Substandard
 
Substandard
Nonaccrual
 
Total1
Real estate – residential mortgage
 
$
143,947

 
$
1,374

 
$
2,131

 
$
1,805

 
$
149,257

Real estate – construction:
 
 

 
 

 
 

 
 

 
 

Construction lending
 
228

 
—

 
2,929

 
—

 
3,157

Consumer lot lending
 
1,905

 
—

 
—

 
—

 
1,905

Commercial, financial and agricultural:
 
 

 
 

 
 

 
 

 
 

Commercial real estate lending
 
102,472

 
2,776

 
10,973

 
3,426

 
119,647

Land acquisition & development lending
 
19,422

 
1,789

 
7,692

 
5,234

 
34,137

Builder line lending
 
13,469

 
1,926

 
538

 
15

 
15,948

Commercial business lending
 
32,330

 
187

 
2,044

 
759

 
35,320

Equity lines
 
31,199

 
1,327

 
767

 
31

 
33,324

Consumer
 
4,746

 
3

 
369

 
191

 
5,309

 
 
$
349,718

 
$
9,382

 
$
27,443

 
$
11,461

 
$
398,004

 
(Dollars in thousands)
 
Performing
 
Non-Performing
 
Total
Consumer finance
 
$
277,531

 
$
655

 
$
278,186

_____________
1  At December 31, 2012, the Corporation does not have any loans classified as Doubtful or Loss.
 
Loans by credit quality indicators as of December 31, 2011 were as follows:
 
(Dollars in thousands)
 
Pass
 
Special
Mention
 
Substandard
 
Substandard
Nonaccrual
 
Total1
Real estate – residential mortgage
 
$
140,304

 
$
1,261

 
$
3,130

 
$
2,440

 
$
147,135

Real estate – construction:
 
 

 
 

 
 

 
 

 
 

Construction lending
 
2,214

 
—

 
2,870

 
—

 
5,084

Consumer lot lending
 
653

 
—

 
—

 
—

 
653

Commercial, financial and agricultural:
 
 

 
 

 
 

 
 

 
 

Commercial real estate lending
 
96,773

 
5,413

 
9,493

 
5,093

 
116,772

Land acquisition & development lending
 
13,605

 
9,939

 
9,101

 
—

 
32,645

Builder line lending
 
12,480

 
1,434

 
1,420

 
2,303

 
17,637

Commercial business lending
 
41,590

 
2,001

 
917

 
673

 
45,181

Equity lines
 
31,935

 
298

 
836

 
123

 
33,192

Consumer
 
5,271

 
10

 
776

 
—

 
6,057

 
 
$
344,825

 
$
20,356

 
$
28,543

 
$
10,632

 
$
404,356

 
(Dollars in thousands)
 
Performing
 
Non-Performing
 
Total
Consumer finance
 
$
245,924

 
$
381

 
$
246,305

__________
1  At December 31, 2011, the Corporation did not have any loans classified as Doubtful or Loss.