Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | NOTE 5 The following table details the Company’s loans at June 30, 2017 December 31, 2016: June 30, December 31, (Dollars In Thousands) Commercial, financial and agricultural $ 2,123,498 $ 1,982,267 Real estate - construction 395,398 335,085 Real estate - mortgage: Owner-occupied commercial 1,272,659 1,171,719 1-4 family mortgage 565,121 536,805 Other mortgage 931,788 830,683 Subtotal: Real estate - mortgage 2,769,568 2,539,207 Consumer 55,224 55,211 Total Loans 5,343,688 4,911,770 Less: Allowance for loan losses (55,059 ) (51,893 ) Net Loans $ 5,288,629 $ 4,859,877 Commercial, financial and agricultural 39.74 % 40.36 % Real estate - construction 7.40 % 6.82 % Real estate - mortgage: Owner-occupied commercial 23.82 % 23.86 % 1-4 family mortgage 10.57 % 10.93 % Other mortgage 17.44 % 16.91 % Subtotal: Real estate - mortgage 51.83 % 51.70 % Consumer 1.03 % 1.12 % Total Loans 100.00 % 100.00 % The credit quality of the loan portfolio is summarized no · Pass – loans which are well protected by the current net worth and paying capacity of the obligor (or obligors, if any) or by the fair value, less cost to acquire and sell, of any underlying collateral. · Special Mention – loans with potential weakness that may, not not not · Substandard – loans that exhibit well-defined weakness or weaknesses that currently jeopardize debt repayment. These loans are characterized by the distinct possibility that the institution will sustain some loss if the weaknesses are not · Doubtful – loans that have all the weaknesses inherent in loans classified substandard, plus the added characteristic that the weaknesses make collection or liquidation in full on the basis of currently existing facts, conditions, and values highly questionable and improbable. Loans by credit quality indicator as of June 30, 2017 December 31, 2016 June 30, 2017 Pass Special Mention Substandard Doubtful Total (In Thousands) Commercial, financial and agricultural $ 2,051,745 $ 40,323 $ 31,430 $ - $ 2,123,498 Real estate - construction 384,442 7,582 3,374 - 395,398 Real estate - mortgage: Owner-occupied commercial 1,255,649 11,098 5,912 - 1,272,659 1 -4 family mortgage 559,579 1,256 4,286 - 565,121 Other mortgage 914,552 13,662 3,574 - 931,788 Total real estate mortgage 2,729,780 26,016 13,772 - 2,769,568 Consumer 55,169 55 - - 55,224 Total $ 5,221,136 $ 73,976 $ 48,576 $ - $ 5,343,688 December 31, 2016 Pass Special Substandard Doubtful Total (In Thousands) Commercial, financial and agricultural $ 1,893,664 $ 61,035 $ 27,568 $ - $ 1,982,267 Real estate - construction 324,958 5,861 4,266 - 335,085 Real estate - mortgage: Owner-occupied commercial 1,158,615 6,037 7,067 - 1,171,719 1-4 family mortgage 531,868 2,065 2,872 - 536,805 Other mortgage 818,724 11,224 735 - 830,683 Total real estate mortgage 2,509,207 19,326 10,674 - 2,539,207 Consumer 55,135 76 - - 55,211 Total $ 4,782,964 $ 86,298 $ 42,508 $ - $ 4,911,770 Loans by performance status as of June 30, 2017 December 31, 2016 June 30, 2017 Performing Nonperforming Total (In Thousands) Commercial, financial and agricultural $ 2,118,113 $ 5,385 $ 2,123,498 Real estate - construction 393,021 2,377 395,398 Real estate - mortgage: Owner-occupied commercial 1,270,411 2,248 1,272,659 1-4 family mortgage 564,200 921 565,121 Other mortgage 931,788 - 931,788 Total real estate mortgage 2,766,399 3,169 2,769,568 Consumer 55,176 48 55,224 Total $ 5,332,709 $ 10,979 $ 5,343,688 December 31, 2016 Performing Nonperforming Total (In Thousands) Commercial, financial and agricultural $ 1,974,975 $ 7,292 $ 1,982,267 Real estate - construction 331,817 3,268 335,085 Real estate - mortgage: Owner-occupied commercial 1,165,511 6,208 1,171,719 1-4 family mortgage 536,731 74 536,805 Other mortgage 830,683 - 830,683 Total real estate mortgage 2,532,925 6,282 2,539,207 Consumer 55,166 45 55,211 Total $ 4,894,883 $ 16,887 $ 4,911,770 Loans by past due status as of June 30, 2017 December 31, 2016 June 30, 2017 Past Due Status (Accruing Loans) 30-59 Days 60-89 Days 90+ Days Total Past Non-Accrual Current Total Loans (In Thousands) Commercial, financial and agricultural $ 6,311 $ 317 $ 968 $ 7,596 $ 4,417 $ 2,111,485 $ 2,123,498 Real estate - construction - - - - 2,377 393,021 395,398 Real estate - mortgage: Owner-occupied commercial 4,498 - - 4,498 2,248 1,265,913 1,272,659 1-4 family mortgage 376 703 - 1,079 921 563,121 565,121 Other mortgage 980 - - 980 - 930,808 931,788 Total real estate - mortgage 5,854 703 - 6,557 3,169 2,759,842 2,769,568 Consumer 49 8 48 105 - 55,119 55,224 Total $ 12,214 $ 1,028 $ 1,016 $ 14,258 $ 9,963 $ 5,319,467 $ 5,343,688 December 31, 2016 Past Due Status (Accruing Loans) 30-59 Days 60-89 Days 90+ Days Total Past Non-Accrual Current Total Loans (In Thousands) Commercial, financial and agricultural $ 710 $ 40 $ 10 $ 760 $ 7,282 $ 1,974,225 $ 1,982,267 Real estate - construction 59 - - 59 3,268 331,758 335,085 Real estate - mortgage: Owner-occupied commercial - - 6,208 6,208 - 1,165,511 1,171,719 1-4 family mortgage 160 129 - 289 74 536,442 536,805 Other mortgage 95 811 - 906 - 829,777 830,683 Total real estate - mortgage 255 940 6,208 7,403 74 2,531,730 2,539,207 Consumer 52 17 45 114 - 55,097 55,211 Total $ 1,076 $ 997 $ 6,263 $ 8,336 $ 10,624 $ 4,892,810 $ 4,911,770 The allowance for loan losses is maintained at a level which, in management’s judgment, is adequate to absorb credit losses inherent in the loan portfolio. The amount of the allowance is based on management’s evaluation of the collectability of the loan portfolio, including the nature of the portfolio, credit concentrations, trends in historical loss experience, specific impaired loans, economic conditions and other risks inherent in the portfolio. Allowances for impaired loans are generally determined based on collateral values or the present value of the estimated cash flows. The allowance is increased by a provision for loan losses, which is charged to expense, and reduced by charge-offs, net of recoveries. In addition, various regulatory agencies, as an integral part of their examination process, periodically review the allowance for losses on loans. Such agencies may The methodology utilized for the calculation of the allowance for loan losses is divided into four 450 310 Non-Impaired Loans. second 5 Impaired Loans. may may External Qualitative Factors three Internal Qualitative Factors The following table presents an analysis of the allowance for loan losses by portfolio segment and changes in the allowance for loan losses for the three six June 30, 2017 June 30, 2016. Commercial Real estate - Real estate - Consumer Total (In Thousands) Three Months Ended June 30, 2017 Allowance for loan losses: Balance at March 31, 2017 $ 28,707 $ 4,825 $ 19,962 $ 398 $ 53,892 Charge-offs (3,067 ) (40 ) (106 ) (33 ) (3,246 ) Recoveries 16 14 2 - 32 Provision 3,471 339 534 37 4,381 Balance at June 30, 2017 $ 29,127 $ 5,138 $ 20,392 $ 402 $ 55,059 Three Months Ended June 30, 2016 Allowance for loan losses: Balance at March 31, 2016 $ 22,839 $ 5,005 $ 16,901 $ 400 $ 45,145 Charge-offs (1,412 ) (355 ) (191 ) (31 ) (1,989 ) Recoveries 1 39 2 - 42 Provision 2,227 590 888 95 3,800 Balance at June 30, 2016 $ 23,655 $ 5,279 $ 17,600 $ 464 $ 46,998 Six Months Ended June 30, 2017 Allowance for loan losses: Balance at December 31, 2016 $ 28,872 $ 5,125 $ 17,504 $ 392 $ 51,893 Charge-offs (5,922 ) (40 ) (372 ) (108 ) (6,442 ) Recoveries 206 30 4 1 241 Provision 5,971 23 3,256 117 9,367 Balance at June 30, 2017 $ 29,127 $ 5,138 $ 20,392 $ 402 $ 55,059 Six Months Ended June 30, 2016 Allowance for loan losses: Balance at December 31, 2015 $ 21,495 $ 5,432 $ 16,061 $ 431 $ 43,419 Charge-offs (1,462 ) (736 ) (191 ) (49 ) (2,438 ) Recoveries 4 55 99 - 158 Provision 3,618 528 1,631 82 5,859 Balance at June 30, 2016 $ 23,655 $ 5,279 $ 17,600 $ 464 $ 46,998 As of June 30, 2017 Allowance for loan losses: Individually Evaluated for Impairment $ 4,457 $ 921 $ 1,779 $ - $ 7,157 Collectively Evaluated for Impairment 24,670 4,217 18,613 402 47,902 Loans: Ending Balance $ 2,123,498 $ 395,398 $ 2,769,568 $ 55,224 $ 5,343,688 Individually Evaluated for Impairment 31,430 3,420 16,171 - 51,021 Collectively Evaluated for Impairment 2,092,068 391,978 2,753,397 55,224 5,292,667 As of December 31, 2016 Allowance for loan losses: Individually Evaluated for Impairment $ 6,607 $ 923 $ 622 $ - $ 8,152 Collectively Evaluated for Impairment 22,265 4,202 16,882 392 43,741 Loans: Ending Balance $ 1,982,267 $ 335,085 $ 2,539,207 $ 55,211 $ 4,911,770 Individually Evaluated for Impairment 27,922 4,314 13,350 3 45,589 Collectively Evaluated for Impairment 1,954,345 330,771 2,525,857 55,208 4,866,181 The following table presents details of the Company’s impaired loans as of June 30, 2017 December 31, 2016, not June 30, 2017 For the three months For the six months Recorded Unpaid Related Average Investment Interest in Period Average Investment Interest (In Thousands) With no allowance recorded: Commercial, financial and agricultural $ 6,003 $ 6,016 $ - $ 6,213 $ 66 $ 6,272 $ 137 Real estate - construction 46 48 - 49 1 49 2 Real estate - mortgage: Owner-occupied commercial 2,398 2,564 - 2,584 37 2,601 76 1-4 family mortgage 2,674 2,674 - 2,678 29 2,716 51 Other mortgage 732 732 - 733 10 734 21 Total real estate - mortgage 5,804 5,970 - 5,995 76 6,051 148 Consumer - - - - - - - Total with no allowance recorded 11,853 12,034 - 12,257 143 12,372 287 With an allowance recorded: Commercial, financial and agricultural 25,427 27,127 4,457 27,760 257 27,525 541 Real estate - construction 3,374 3,374 921 3,374 14 3,374 28 Real estate - mortgage: Owner-occupied commercial 7,774 7,774 1,205 7,774 55 7,547 134 1-4 family mortgage 1,613 1,613 260 1,617 20 1,644 42 Other mortgage 980 980 314 983 12 990 25 Total real estate - mortgage 10,367 10,367 1,779 10,374 87 10,181 201 Consumer - - - - - - - Total with allowance recorded 39,168 40,868 7,157 41,508 358 41,080 770 Total Impaired Loans: Commercial, financial and agricultural 31,430 33,143 4,457 33,973 323 33,797 678 Real estate - construction 3,420 3,422 921 3,423 15 3,423 30 Real estate - mortgage: Owner-occupied commercial 10,172 10,338 1,205 10,358 92 10,148 210 1-4 family mortgage 4,287 4,287 260 4,295 49 4,360 93 Other mortgage 1,712 1,712 314 1,716 22 1,724 46 Total real estate - mortgage 16,171 16,337 1,779 16,369 163 16,232 349 Consumer - - - - - - - Total impaired loans $ 51,021 $ 52,902 $ 7,157 $ 53,765 $ 501 $ 53,452 $ 1,057 December 31, 2016 For the twelve months Recorded Unpaid Balance Related Average Investment Interest Income (In Thousands) With no allowance recorded: Commercial, financial and agricultural $ 1,003 $ 1,003 $ - $ 992 $ 64 Real estate - construction 938 1,802 - 1,159 3 Real estate - mortgage: Owner-occupied commercial 2,615 2,778 - 2,884 166 1-4 family mortgage 1,899 1,899 - 1,901 102 Other mortgage 940 940 - 965 60 Total real estate - mortgage 5,454 5,617 - 5,750 328 Consumer 3 5 - 6 - Total with no allowance recorded 7,398 8,427 - 7,907 395 With an allowance recorded: Commercial, financial and agricultural 26,919 31,728 6,607 26,955 1,162 Real estate - construction 3,376 3,376 923 3,577 68 Real estate - mortgage: Owner-occupied commercial 6,924 6,924 348 6,934 362 1-4 family mortgage 972 972 274 313 19 Other mortgage - - - - - Total real estate - mortgage 7,896 7,896 622 7,247 381 Consumer - - - - - Total with allowance recorded 38,191 43,000 8,152 37,779 1,611 Total Impaired Loans: Commercial, financial and agricultural 27,922 32,731 6,607 27,947 1,226 Real estate - construction 4,314 5,178 923 4,736 71 Real estate - mortgage: Owner-occupied commercial 9,539 9,702 348 9,818 528 1-4 family mortgage 2,871 2,871 274 2,214 121 Other mortgage 940 940 - 965 60 Total real estate - mortgage 13,350 13,513 622 12,997 709 Consumer 3 5 - 6 - Total impaired loans $ 45,589 $ 51,427 $ 8,152 $ 45,686 $ 2,006 Troubled Debt Restructurings (“TDR”) at June 30, 2017, December 31, 2016 June 30, 2016 $16.4 $7.3 $6.8 June 30, 2017, $3.1 $2.3 December 31, 2016 $1.0 June 30, 2016. three six June 30, 2017 Three Months Ended June 30, 2017 Six Months Ended June 30, 2017 Number of Pre- Post- Modification Number of Pre- Modification Post- Investment (In Thousands) Troubled Debt Restructurings Commercial, financial and agricultural 5 $ 7,205 $ 7,205 5 $ 7,205 $ 7,205 Real estate - construction 1 997 997 1 997 997 Real estate - mortgage: Owner-occupied commercial 2 3,664 3,664 2 3,664 3,664 1-4 family mortgage 1 850 850 1 850 850 Other mortgage - - - - - - Total real estate mortgage 3 4,514 4,514 3 4,514 4,514 Consumer - - - - - - 9 $ 12,716 $ 12,716 9 $ 12,716 $ 12,716 Three Months Ended June 30, 2016 Six Months Ended June 30, 2016 Number of Pre- Investment Post- Number of Pre- Post- (In Thousands) Troubled Debt Restructurings Commercial, financial and agricultural 1 $ 366 $ 366 1 $ 366 $ 366 Real estate - construction - - - - - - Real estate - mortgage: Owner-occupied commercial - - - - - - 1-4 family mortgage - - - - - - Other mortgage 1 234 234 1 234 234 Total real estate mortgage 1 234 234 1 234 234 Consumer - - - - - - 2 $ 600 $ 600 2 $ 600 $ 600 There were no three six June 30, 2017 2016, twelve twelve 90 June 30, 2017, |