Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | NOTE 5 The following table details the Company’s loans at June 30, 2018 December 31, 2017: June 30, December 31, 2018 2017 (Dollars In Thousands) Commercial, financial and agricultural $ 2,345,879 $ 2,279,366 Real estate - construction 522,788 580,874 Real estate - mortgage: Owner-occupied commercial 1,383,882 1,328,666 1-4 family mortgage 584,133 603,063 Other mortgage 1,225,906 997,079 Subtotal: Real estate - mortgage 3,193,921 2,928,808 Consumer 67,061 62,213 Total Loans 6,129,649 5,851,261 Less: Allowance for loan losses (64,239 ) (59,406 ) Net Loans $ 6,065,410 $ 5,791,855 Commercial, financial and agricultural 38.27 % 38.96 % Real estate - construction 8.53 % 9.93 % Real estate - mortgage: Owner-occupied commercial 22.58 % 22.71 % 1-4 family mortgage 9.53 % 10.30 % Other mortgage 20.00 % 17.04 % Subtotal: Real estate - mortgage 52.11 % 50.05 % Consumer 1.09 % 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 (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, 2018 December 31, 2017 Special June 30, 2018 Pass Mention Substandard Doubtful Total (In Thousands) Commercial, financial and agricultural $ 2,289,789 $ 36,027 $ 20,063 $ - $ 2,345,879 Real estate - construction 515,543 5,664 1,581 - 522,788 Real estate - mortgage: Owner-occupied commercial 1,369,814 10,042 4,026 - 1,383,882 1-4 family mortgage 579,288 1,350 3,495 - 584,133 Other mortgage 1,203,952 15,497 6,457 - 1,225,906 Total real estate mortgage 3,153,054 26,889 13,978 - 3,193,921 Consumer 67,009 3 49 - 67,061 Total $ 6,025,395 $ 68,583 $ 35,671 $ - $ 6,129,649 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 June 30, 2018 December 31, 2017 June 30, 2018 Performing Nonperforming Total (In Thousands) Commercial, financial and agricultural $ 2,338,563 $ 7,316 $ 2,345,879 Real estate - construction 522,788 - 522,788 Real estate - mortgage: Owner-occupied commercial 1,383,210 672 1,383,882 1-4 family mortgage 583,130 1,003 584,133 Other mortgage 1,220,835 5,071 1,225,906 Total real estate mortgage 3,187,175 6,746 3,193,921 Consumer 67,020 41 67,061 Total $ 6,115,546 $ 14,103 $ 6,129,649 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 June 30, 2018 December 31, 2017 June 30, 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 $ 7,259 $ 1,554 $ 431 $ 9,244 $ 6,885 $ 2,329,750 $ 2,345,879 Real estate - construction 2,097 3,182 - 5,279 - 517,509 522,788 Real estate - mortgage: Owner-occupied commercial 3,365 591 250 4,206 422 1,379,254 1,383,882 1-4 family mortgage 919 263 288 1,470 715 581,948 584,133 Other mortgage 1,203 12,941 5,071 19,215 - 1,206,691 1,225,906 Total real estate - mortgage 5,487 13,795 5,609 24,891 1,137 3,167,893 3,193,921 Consumer 316 49 41 406 - 66,655 67,061 Total $ 15,159 $ 18,580 $ 6,081 $ 39,820 $ 8,022 $ 6,081,807 $ 6,129,649 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 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, 2018 June 30, 2017. Commercial, financial and Real estate - Real estate - agricultural construction mortgage Consumer Total (In Thousands) Three Months Ended June 30, 2018 Allowance for loan losses: Balance at March 31, 2018 $ 35,787 $ 4,138 $ 21,606 $ 519 $ 62,050 Charge-offs (1,732 ) - (440 ) (47 ) (2,219 ) Recoveries 173 97 2 15 287 Provision 1,950 (173 ) 2,270 74 4,121 Balance at June 30, 2018 $ 36,178 $ 4,062 $ 23,438 $ 561 $ 64,239 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 Six Months Ended June 30, 2018 Allowance for loan losses: Balance at December 31, 2017 $ 32,880 $ 4,989 $ 21,022 $ 515 $ 59,406 Charge-offs (2,820 ) - (821 ) (135 ) (3,776 ) Recoveries 177 104 44 24 349 Provision 5,941 (1,031 ) 3,193 157 8,260 Balance at June 30, 2018 $ 36,178 $ 4,062 $ 23,438 $ 561 $ 64,239 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 As of June 30, 2018 Allowance for loan losses: Individually Evaluated for Impairment $ 5,423 $ 120 $ 285 $ 49 $ 5,877 Collectively Evaluated for Impairment 30,755 3,942 23,153 512 58,362 Loans: Ending Balance $ 2,345,879 $ 522,788 $ 3,193,921 $ 67,061 $ 6,129,649 Individually Evaluated for Impairment 20,063 1,623 16,240 49 37,975 Collectively Evaluated for Impairment 2,325,816 521,165 3,177,681 67,012 6,091,674 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 June 30, 2018 December 31, 2017, not For the three months For the six months ended June 30, ended June 30, June 30, 2018 2018 2018 Interest Interest Unpaid Average Income Average Income Recorded Principal Related Recorded Recognized Recorded Recognized Investment Balance Allowance Investment in Period Investment in Period (In Thousands) With no allowance recorded: Commercial, financial and agricultural $ 4,842 $ 5,733 $ - $ 5,257 $ 53 $ 5,611 $ 113 Real estate - construction 626 629 - 629 8 630 16 Real estate - mortgage: Owner-occupied commercial 2,512 2,679 - 2,836 42 2,910 86 1-4 family mortgage 2,258 2,258 - 2,255 23 2,255 48 Other mortgage 5,071 5,071 - 5,082 62 5,098 125 Total real estate - mortgage 9,841 10,008 - 10,173 127 10,263 259 Consumer - - - - - - - Total with no allowance recorded 15,309 16,370 - 16,059 188 16,504 388 With an allowance recorded: Commercial, financial and agricultural 15,221 22,044 5,423 15,200 121 15,542 245 Real estate - construction 997 997 120 997 14 997 28 Real estate - mortgage: Owner-occupied commercial 3,776 3,776 27 3,775 46 3,775 94 1-4 family mortgage 1,237 1,237 178 1,240 12 1,240 26 Other mortgage 1,386 1,386 80 1,540 16 1,700 36 Total real estate - mortgage 6,399 6,399 285 6,555 74 6,715 156 Consumer 49 49 49 49 1 49 1 Total with allowance recorded 22,666 29,489 5,877 22,801 210 23,303 430 Total Impaired Loans: Commercial, financial and agricultural 20,063 27,777 5,423 20,457 174 21,153 358 Real estate - construction 1,623 1,626 120 1,626 22 1,627 44 Real estate - mortgage: Owner-occupied commercial 6,288 6,455 27 6,611 88 6,685 180 1-4 family mortgage 3,495 3,495 178 3,495 35 3,495 74 Other mortgage 6,457 6,457 80 6,622 78 6,798 161 Total real estate - mortgage 16,240 16,407 285 16,728 201 16,978 415 Consumer 49 49 49 49 1 49 1 Total impaired loans $ 37,975 $ 45,859 $ 5,877 $ 38,860 $ 398 $ 39,807 $ 818 December 31, 2017 For the twelve months ended December 31, 2017 Unpaid Average Interest Income Recorded Principal Related Recorded Recognized in Investment Balance Allowance Investment 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 June 30, 2018, December 31, 2017 June 30, 2017 $17.3 $20.6 $16.4 June 30, 2018, $3.6 $4.3 December 31, 2017 $3.1 June 30, 2017. no three six June 30, 2018. three six June 30, 2017 Three Months Ended June 30, 2017 Six Months Ended June 30, 2017 Pre- Post- Pre- Post- Modification Modification Modification Modification Outstanding Outstanding Outstanding Outstanding Number of Recorded Recorded Number of Recorded Recorded Contracts Investment Investment Contracts Investment 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 One commercial TDR loan totaling $0.3 twelve twelve three six June 30, 2018. No twelve three six June 30, 2017. 90 June 30, 2018, |