LOANS (Tables)

3 Months Ended

Mar. 31, 2020

The following tables summarize by class our loans classified as past due in excess of 30 days or more in addition to those loans classified as nonaccrual including PCI loans.


	March 31, 2020
			Past Due
	Past Due		90 Days						Total
	30 to 89		or More						Past Due,
	Days and		and Still		Non				Non accrual		Total
($ in thousands)	Accruing		Accruing		accrual		PCI		and PCI		Loans
Commercial, financial and agriculture	$	1,385	$	23	$	1,989	$	80	$	3,477	$	327,979
Commercial real estate		9,664		582		22,123		3,498		35,867		1,388,925
Consumer real estate		10,960		1,772		2,128		7,704		22,564		821,432
Consumer installment		328		15		224		5		572		42,208
Lease financing receivable		—		—		—		—		—		3,526
Obligations of states and subdivisions		—		—		—		—		—		18,218
Total	$	22,337	$	2,392	$	26,464	$	11,287	$	62,480	$	2,602,288


	December 31, 2019
			Past Due
			90 Days						Total
	Past Due		or More						Past Due,
	30 to 89		and Still		Non				Non accrual		Total
($ in thousands)	Days		Accruing		accrual		PCI		and PCI		Loans
Commercial, financial and agriculture	$	515	$	61	$	2,137	$	97	$	2,810	$	332,600
Commercial real estate		2,447		1,046		22,441		3,844		29,778		1,387,207
Consumer real estate		4,569		1,608		1,902		8,148		16,227		814,282
Consumer installment		226		—		260		6		492		42,458
Lease financing receivable		—		—		—		—		—		3,095
Obligations of states and subdivisions		—		—		—		—		—		20,716
Total	$	7,757	$	2,715	$	26,740	$	12,095	$	49,307	$	2,600,358

The following table presents loans by class modified as troubled debt restructurings for which there was a payment default within twelve months following the modification ($ in thousands, except for number of loans).


	March 31, 2020			March 31, 2019
Troubled Debt Restructurings	Number of	Recorded		Number of	Recorded
That Subsequently Defaulted:	Loans	Investment		Loans	Investment

Commercial, financial and agriculture	10	$	15,841	13	$	4,339

The following tables represents the Company’s TDRs at March 31, 2020 and December 31, 2019:


					Past Due 90
March 31, 2020	Current		Past Due		days and still
($in thousands)	Loans		30-89		accruing		Nonaccrual		Total
Commercial, financial and agriculture	$	129	$	454	$	—	$	1,494	$	2,077
Commercial real estate		4,314		99		109		19,569		24,091
Consumer real estate		1,693		274		58		2,864		4,889
Consumer installment		35		—		—		—		35
Total	$	6,171	$	827	$	167	$	23,927	$	31,092
Allowance for loan losses	$	124	$	—	$	—	$	2,247	$	2,371


					Past Due 90
December 31, 2019	Current		Past Due		days and still
($in thousands)	Loans		30-89		accruing		Nonaccrual		Total
Commercial, financial and agriculture	$	583	$	64	$	—	$	1,062	$	1,709
Commercial real estate		4,299		809		109		19,991		25,208
Consumer real estate		1,905		112		58		2,940		5,015
Consumer installment		37		—		—		—		37
Total	$	6,824	$	985	$	167	$	23,993	$	31,969
Allowance for loan losses	$	128	$	—	$	—	$	1,997	$	2,125

Schedule of Payments receivable


($ in thousands)	FPB		FFB		Total
Contractually required payments at acquisition	$	4,715	$	947	$	5,662
Cash flows expected to be collected at acquisition		4,295		955		5,250
Fair value of loans at acquisition		3,916		809		4,725

Schedule of credit impaired loans

Changes in the carrying amount and accretable yield for purchased credit impaired loans were as follows at March 31, 2020 and 2019 ($ in thousands):


	March 31, 2020		March 31, 2019
	Accretable		Accretable
	Yield		Yield
Balance at beginning of period	$	3,417	$	3,835
Additions, including transfers from non-accretable		337		427
Accretion		(148)		(275)
Balance at end of period	$	3,606	$	3,987

Schedule of impaired loans

The following tables provide detail of impaired loans broken out according to class as of March 31, 2020 and December 31, 2019. The following tables do not include PCI loans. The recorded investment included in the following table represents customer balances net of any partial charge-offs recognized on the loans, net of any deferred fees and costs. Recorded investment excludes any insignificant amount of accrued interest receivable on loans 90-days or more past due and still accruing. The unpaid balance represents the recorded balance prior to any partial charge-offs.

March 31, 2020


							Average		Interest
							Recorded		Income
	Recorded		Unpaid		Related		Investment		Recognized
($ in thousands)	Investment		Balance		Allowance		YTD		YTD

Impaired loans with no related allowance:
Commercial, financial and agriculture	$	262	$	265	$	—	$	160	$	—
Commercial real estate		13,089		13,210		—		13,322		1
Consumer real estate		704		760		—		623		2
Consumer installment		12		12		—		17		—
Total	$	14,067	$	14,247	$	—	$	14,122	$	3

Impaired loans with a related allowance:
Commercial, financial and agriculture	$	2,238	$	2,238	$	1,011	$	2,336	$	5
Commercial real estate		12,007		12,076		2,845		12,217		30
Consumer real estate		682		707		114		661		4
Consumer installment		232		232		65		246		—
Total	$	15,159	$	15,253	$	4,035	$	15,460	$	39

Total impaired loans:
Commercial, financial and agriculture	$	2,500	$	2,503	$	1,011	$	2,496	$	5
Commercial real estate		25,096		25,286		2,845		25,539		31
Consumer real estate		1,386		1,467		114		1,284		6
Consumer installment		244		244		65		263		—
Total Impaired Loans	$	29,226	$	29,500	$	4,035	$	29,582	$	42

December 31, 2019


							Average		Interest
							Recorded		Income
	Recorded		Unpaid		Related		Investment		Recognized
($ in thousands)	Investment		Balance		Allowance		YTD		YTD

Impaired loans with no related allowance:
Commercial, financial and agriculture	$	59	$	62	$	—	$	294	$	7
Commercial real estate		13,556		13,671		—		10,473		591
Consumer real estate		542		594		—		2,173		—
Consumer installment		21		21		—		23		—
Total	$	14,178	$	14,348	$	—	$	12,963	$	598

Impaired loans with a related allowance:
Commercial, financial and agriculture	$	2,434	$	2,434	$	1,182	$	2,039	$	13
Commercial real estate		12,428		12,563		3,021		10,026		49
Consumer real estate		639		657		141		560		3
Consumer installment		260		260		80		164		2
Total	$	15,761	$	15,914	$	4,424	$	12,789	$	67

Total impaired loans:
Commercial, financial and agriculture	$	2,493	$	2,496	$	1,182	$	2,333	$	20
Commercial real estate		25,984		26,234		3,021		20,499		640
Consumer real estate		1,181		1,251		141		2,733		3
Consumer installment		281		281		80		187		2
Total Impaired Loans	$	29,939	$	30,262	$	4,424	$	25,752	$	665

Schedule of troubled debt restructurings

The following table presents loans by class modified as troubled debt restructurings (TDRs) that occurred during the three months ended March 31, 2020 and 2019 ($ in thousands, except for number of loans).


	Three Months Ended March 31,
		Outstanding		Outstanding
		Recorded		Recorded
	Number of	Investment		Investment
2020	Loans	Pre-Modification		Post-Modification
Commercial, financial and agriculture	1	$	12	$	12
Commercial real estate	2		738		734
Residential real estate	—		—		—
Consumer installment	—		—		—
Total	3	$	750	$	746


2019
Commercial, financial and agriculture	1	$	175	$	175
Commercial real estate	1		10		10
Residential real estate	1		81		80
Consumer installment	—		—		—
Total	3	$	266	$	265

Schedule of risk category of loans by class of loans

As of March 31, 2020 and December 31, 2019, and based on the most recent analysis performed, the risk category of loans by class of loans (excluding mortgage loans held for sale) was as follows:


	March 31, 2020
	Commercial,		Commercial		Consumer
	Financial and		Real		Real		Consumer
($ in thousands)	Agriculture		Estate		Estate		Installment		Total
Pass	$	330,739	$	1,646,868	$	496,926	$	36,033	$	2,510,566
Special Mention		3,351		11,399		1,001		19		15,770
Substandard		10,499		53,517		13,052		379		77,447
Doubtful		13		75		-		-		88
Subtotal	$	344,602	$	1,711,859	$	510,979	$	36,431	$	2,603,871
Less:
Unearned Discount		—		1,583		—		—		1,583
Loans, net of unearned discount	$	344,602	$	1,710,276	$	510,979	$	36,431	$	2,602,288


	December 31, 2019
	Commercial,		Commercial		Consumer
	Financial and		Real		Real		Consumer
($ in thousands)	Agriculture		Estate		Estate		Installment		Total
Pass	$	327,205	$	1,645,496	$	499,426	$	41,008	$	2,513,135
Special Mention		3,493		8,876		1,194		21		13,584
Substandard		10,972		50,554		13,244		397		75,167
Doubtful		16		77		-		-		93
Subtotal	$	341,686	$	1,705,003	$	513,864	$	41,426	$	2,601,979
Less:
Unearned Discount		—		1,621		—		—		1,621
Loans, net of unearned discount	$	341,686	$	1,703,382	$	513,864	$	41,426	$	2,600,358

Schedule of allowance for loan and losses

The following table presents the activity in the allowance for loan losses by portfolio segment for the quarter ended March 31, 2020 and 2019:


	Three months ended March 31, 2020
	Commercial,		Commercial		Consumer		Installment
	Financial and		Real		Real		and
($ in thousands)	Agriculture		Estate		Estate		Other		Unallocated		Total
Allowance for loan losses:
Beginning balance	$	3,043	$	8,836	$	1,694	$	296	$	39	$	13,908
Provision for loan losses		1,446		4,523		1,106		66		(39)		7,102
Loans charged-off		(99)		(333)		(9)		(59)		—		(500)
Recoveries		76		69		49		100		—		294
Total ending allowance balance	$	4,466	$	13,095	$	2,840	$	403	$	—	$	20,804


	Three months ended March 31, 2019
	Commercial,		Commercial		Consumer		Installment
	Financial and		Real		Real		and
($ in thousands)	Agriculture		Estate		Estate		Other		Unallocated		Total
Allowance for loan losses:
Beginning balance	$	2,060	$	6,258	$	1,743	$	201	$	(197)	$	10,065
Provision for loan losses		(490)		1,003		(1,516)		1,929		197		1,123
Loans charged-off		(4)		—		(42)		(29)		—		(75)
Recoveries		13		10		19		80		—		122
Total ending allowance balance	$	1,579	$	7,271	$	204	$	2,181	$	—	$	11,235

Schedule of loans and allowance for loan losses

March 31, 2020,


	Commercial
	Financial						Installment
	and		Commercial		Consumer		and
	Agriculture		Real Estate		Real Estate		Other		Unallocated		Total
Loans
Individually evaluated	$	2,500	$	25,095	$	1,386	$	244	$	—	$	29,225
Collectively evaluated		341,933		1,729,239		449,052		36,156		—		2,556,380
PCI Loans		169		9,575		6,908		31		—		16,683
Total	$	344,602	$	1,763,909	$	457,346	$	36,431	$	—	$	2,602,288

Allowance for Loan Losses
Individually evaluated	$	1,010	$	2,845	$	114	$	65	$	—	$	4,034
Collectively evaluated		3,456		10,250		2,726		338		—		16,770
Total	$	4,466	$	13,095	$	2,840	$	403	$	—	$	20,804

December 31, 2019,


	Commercial
	Financial						Installment
	and		Commercial		Consumer		and
	Agriculture		Real Estate		Real Estate		Other		Unallocated		Total
Loans
Individually evaluated	$	2,493	$	25,984	$	1,181	$	281	$	—	$	29,939
Collectively evaluated		339,003		1,773,934		398,471		41,112		—		2,552,520
PCI Loans		191		10,471		7,204		33		—		17,899
Total	$	341,687	$	1,810,389	$	406,856	$	41,426	$	—	$	2,600,358

Allowance for Loan Losses
Individually evaluated	$	1,182	$	3,021	$	141	$	80	$	—	$	4,424
Collectively evaluated		1,861		5,815		1,553		216		39		9,484
Total	$	3,043	$	8,836	$	1,694	$	296	$	39	$	13,908