Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | NOTE 5 The following table details the Company’s loans at March 31, 2018 December 31, 2017: March 31, December 31, 2018 2017 (Dollars In Thousands) Commercial, financial and agricultural $ 2,329,904 $ 2,279,366 Real estate - construction 506,050 580,874 Real estate - mortgage: Owner-occupied commercial 1,349,679 1,328,666 1-4 family mortgage 581,498 603,063 Other mortgage 1,099,482 997,079 Subtotal: Real estate - mortgage 3,030,659 2,928,808 Consumer 61,714 62,213 Total Loans 5,928,327 5,851,261 Less: Allowance for loan losses (62,050 ) (59,406 ) Net Loans $ 5,866,277 $ 5,791,855 Commercial, financial and agricultural 39.30 % 38.96 % Real estate - construction 8.54 % 9.93 % Real estate - mortgage: Owner-occupied commercial 22.77 % 22.71 % 1-4 family mortgage 9.81 % 10.30 % Other mortgage 18.54 % 17.04 % Subtotal: Real estate - mortgage 51.12 % 50.05 % Consumer 1.04 % 1.06 % 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(s) 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 presently jeopardize debt repayment. These loans are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies 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 March 31, 2018 December 31, 2017 Special March 31, 2018 Pass Mention Substandard Doubtful Total (In Thousands) Commercial, financial and agricultural $ 2,272,468 $ 32,900 $ 24,536 $ - $ 2,329,904 Real estate - construction 497,846 6,623 1,581 - 506,050 Real estate - mortgage: Owner-occupied commercial 1,338,307 7,401 3,971 - 1,349,679 1-4 family mortgage 576,792 1,599 3,107 - 581,498 Other mortgage 1,078,797 13,732 6,953 - 1,099,482 Total real estate - mortgage 2,993,896 22,732 14,031 - 3,030,659 Consumer 61,623 4 87 - 61,714 Total $ 5,825,833 $ 62,259 $ 40,235 $ - $ 5,928,327 Special December 31, 2017 Pass Mention Substandard Doubtful Total (In Thousands) Commercial, financial and agricultural $ 2,225,084 $ 27,835 $ 26,447 $ - $ 2,279,366 Real estate - construction 572,657 6,691 1,526 - 580,874 Real estate - mortgage: Owner-occupied commercial 1,317,113 7,333 4,220 - 1,328,666 1-4 family mortgage 598,222 1,599 3,242 - 603,063 Other mortgage 976,348 18,122 2,609 - 997,079 Total real estate - mortgage 2,891,683 27,054 10,071 - 2,928,808 Consumer 62,083 42 88 - 62,213 Total $ 5,751,507 $ 61,622 $ 38,132 $ - $ 5,851,261 Loans by performance status as of March 31, 2018 December 31, 2017 March 31, 2018 Performing Nonperforming Total (In Thousands) Commercial, financial and agricultural $ 2,320,887 $ 9,017 $ 2,329,904 Real estate - construction 506,050 - 506,050 Real estate - mortgage: Owner-occupied commercial 1,349,373 306 1,349,679 1-4 family mortgage 580,953 545 581,498 Other mortgage 1,099,482 - 1,099,482 Total real estate - mortgage 3,029,808 851 3,030,659 Consumer 61,633 81 61,714 Total $ 5,918,378 $ 9,949 $ 5,928,327 December 31, 2017 Performing Nonperforming Total (In Thousands) Commercial, financial and agricultural $ 2,269,642 $ 9,724 $ 2,279,366 Real estate - construction 580,874 - 580,874 Real estate - mortgage: Owner-occupied commercial 1,328,110 556 1,328,666 1-4 family mortgage 602,604 459 603,063 Other mortgage 997,079 - 997,079 Total real estate - mortgage 2,927,793 1,015 2,928,808 Consumer 62,127 86 62,213 Total $ 5,840,436 $ 10,825 $ 5,851,261 Loans by past due status as of March 31, 2018 December 31, 2017 March 31, 2018 Past Due Status (Accruing Loans) Total Past 30-59 Days 60-89 Days 90+ Days Due Non-Accrual Current Total Loans (In Thousands) Commercial, financial and agricultural $ 309 $ 10,495 $ 418 $ 11,222 $ 8,599 $ 2,310,083 $ 2,329,904 Real estate - construction - 7,619 - 7,619 - 498,431 506,050 Real estate - mortgage: Owner-occupied commercial 115 3,664 - 3,779 306 1,345,594 1,349,679 1-4 family mortgage 564 1,365 217 2,146 328 579,024 581,498 Other mortgage 381 14,827 - 15,208 - 1,084,274 1,099,482 Total real estate - mortgage 1,060 19,856 217 21,133 634 3,008,892 3,030,659 Consumer 19 24 43 86 38 61,590 61,714 Total $ 1,388 $ 37,994 $ 678 $ 40,060 $ 9,271 $ 5,878,996 $ 5,928,327 December 31, 2017 Past Due Status (Accruing Loans) Total Past 30-59 Days 60-89 Days 90+ Days Due Non-Accrual Current Total Loans (In Thousands) Commercial, financial and agricultural $ 1,410 $ 5,702 $ 12 $ 7,124 $ 9,712 $ 2,262,530 $ 2,279,366 Real estate - construction 56 997 - 1,053 - 579,821 580,874 Real estate - mortgage: Owner-occupied commercial - 3,664 - 3,664 556 1,324,446 1,328,666 1-4 family mortgage 430 850 - 1,280 459 601,324 603,063 Other mortgage 5,116 - - 5,116 - 991,963 997,079 Total real estate - mortgage 5,546 4,514 - 10,060 1,015 2,917,733 2,928,808 Consumer 131 23 48 202 38 61,973 62,213 Total $ 7,143 $ 11,236 $ 60 $ 18,439 $ 10,765 $ 5,822,057 $ 5,851,261 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 five 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 March 31, 2018 March 31, 2017. Commercial, financial and Real estate - Real estate - agricultural construction mortgage Consumer Total (In Thousands) Three Months Ended March 31, 2018 Allowance for loan losses: Balance at December 31, 2017 $ 32,880 $ 4,989 $ 21,022 $ 515 $ 59,406 Charge-offs (1,088 ) - (381 ) (88 ) (1,557 ) Recoveries 4 7 42 9 62 Provision 3,991 (858 ) 923 83 4,139 Balance at March 31, 2018 $ 35,787 $ 4,138 $ 21,606 $ 519 $ 62,050 Three Months Ended March 31, 2017 Allowance for loan losses: Balance at December 31, 2016 $ 28,872 $ 5,125 $ 17,504 $ 392 $ 51,893 Charge-offs (2,855 ) - (266 ) (75 ) (3,196 ) Recoveries 190 16 2 1 209 Provision 2,500 (316 ) 2,722 80 4,986 Balance at March 31, 2017 $ 28,707 $ 4,825 $ 19,962 $ 398 $ 53,892 As of March 31, 2018 Allowance for loan losses: Individually Evaluated for Impairment $ 5,877 $ 120 $ 432 $ 49 $ 6,478 Collectively Evaluated for Impairment 29,910 4,018 21,174 470 55,572 Loans: Ending Balance $ 2,329,904 $ 506,050 $ 3,030,659 $ 61,714 $ 5,928,327 Individually Evaluated for Impairment 24,536 1,625 16,328 87 42,576 Collectively Evaluated for Impairment 2,305,368 504,425 3,014,331 61,627 5,885,751 As of December 31, 2017 Allowance for loan losses: Individually Evaluated for Impairment $ 4,276 $ 120 $ 1,163 $ 50 $ 5,609 Collectively Evaluated for Impairment 28,604 4,869 19,859 465 53,797 Loans: Ending Balance $ 2,279,366 $ 580,874 $ 2,928,808 $ 62,213 $ 5,851,261 Individually Evaluated for Impairment 26,447 1,571 12,404 88 40,510 Collectively Evaluated for Impairment 2,252,919 579,303 2,916,404 62,125 5,810,751 The following table presents details of the Company’s impaired loans as of March 31, 2018 December 31, 2017, not March 31, 2018 For the three months ended March 31, 2018 Interest Unpaid Average Income Recorded Principal Related Recorded Recognized Investment Balance Allowance Investment in Period (In Thousands) With no allowance recorded: Commercial, financial and agricultural $ 6,176 $ 6,953 $ - $ 6,165 $ 71 Real estate - construction 628 631 - 632 8 Real estate - mortgage: Owner-occupied commercial 2,604 2,771 - 2,789 38 1-4 family mortgage 2,258 2,258 - 2,256 25 Other mortgage 5,090 5,090 - 5,114 63 Total real estate - mortgage 9,952 10,119 - 10,159 126 Consumer 38 38 - 39 1 Total with no allowance recorded 16,794 17,741 - 16,995 206 With an allowance recorded: Commercial, financial and agricultural 18,360 25,182 5,877 19,809 147 Real estate - construction 997 997 120 997 14 Real estate - mortgage: Owner-occupied commercial 3,664 3,664 - 3,664 50 1-4 family mortgage 850 850 151 850 12 Other mortgage 1,862 1,862 281 1,862 20 Total real estate - mortgage 6,376 6,376 432 6,376 82 Consumer 49 49 49 50 1 Total with allowance recorded 25,782 32,604 6,478 27,232 244 Total Impaired Loans: Commercial, financial and agricultural 24,536 32,135 5,877 25,974 218 Real estate - construction 1,625 1,628 120 1,629 22 Real estate - mortgage: Owner-occupied commercial 6,268 6,435 - 6,453 88 1-4 family mortgage 3,108 3,108 151 3,106 37 Other mortgage 6,952 6,952 281 6,976 83 Total real estate - mortgage 16,328 16,495 432 16,535 208 Consumer 87 87 49 89 2 Total impaired loans $ 42,576 $ 50,345 $ 6,478 $ 44,227 $ 450 December 31, 2017 For the twelve months ended December 31, 2017 Interest Unpaid Average Income Recorded Principal Related Recorded Recognized Investment Balance Allowance Investment In Period (In Thousands) With no allowance recorded: Commercial, financial and agricultural $ 10,036 $ 16,639 $ - $ 16,417 $ 571 Real estate - construction 574 577 - 663 31 Real estate - mortgage: Owner-occupied commercial 2,640 2,806 - 2,875 159 1-4 family mortgage 2,262 2,262 - 2,289 93 Other mortgage 746 746 - 727 44 Total real estate - mortgage 5,648 5,814 - 5,891 296 Consumer 38 39 - 42 3 Total with no allowance recorded 16,296 23,069 - 23,013 901 With an allowance recorded: Commercial, financial and agricultural 16,411 16,992 4,276 17,912 651 Real estate - construction 997 997 120 997 56 Real estate - mortgage: Owner-occupied commercial 3,914 3,914 601 3,801 215 1-4 family mortgage 980 980 281 1,113 54 Other mortgage 1,862 1,862 281 1,862 80 Total real estate - mortgage 6,756 6,756 1,163 6,776 349 Consumer 50 50 50 42 3 Total with allowance recorded 24,214 24,795 5,609 25,727 1,059 Total Impaired Loans: Commercial, financial and agricultural 26,447 33,631 4,276 34,329 1,222 Real estate - construction 1,571 1,574 120 1,660 87 Real estate - mortgage: Owner-occupied commercial 6,554 6,720 601 6,676 374 1-4 family mortgage 3,242 3,242 281 3,402 147 Other mortgage 2,608 2,608 281 2,589 124 Total real estate - mortgage 12,404 12,570 1,163 12,667 645 Consumer 88 89 50 84 6 Total impaired loans $ 40,510 $ 47,864 $ 5,609 $ 48,740 $ 1,960 Troubled Debt Restructurings (“TDR”) at March 31, 2018, December 31, 2017 March 31, 2017 $18.8 $20.6 $7.3 March 31, 2018, $5.1 $4.3 December 31, 2017 $2.3 March 31, 2017. no three March 31, 2018 2017. No twelve twelve three March 31, 2018 2017. 90 |