Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | NOTE 5 The following table details the Company’s loans at September 30, 2018 December 31, 2017: September 30, December 31, 2018 2017 (Dollars In Thousands) Commercial, financial and agricultural $ 2,478,788 $ 2,279,366 Real estate - construction 543,611 580,874 Real estate - mortgage: Owner-occupied commercial 1,430,111 1,328,666 1-4 family mortgage 610,460 603,063 Other mortgage 1,236,954 997,079 Subtotal: Real estate - mortgage 3,277,525 2,928,808 Consumer 63,607 62,213 Total Loans 6,363,531 5,851,261 Less: Allowance for loan losses (66,879 ) (59,406 ) Net Loans $ 6,296,652 $ 5,791,855 Commercial, financial and agricultural 38.95 % 38.96 % Real estate - construction 8.54 % 9.93 % Real estate - mortgage: Owner-occupied commercial 22.47 % 22.71 % 1-4 family mortgage 9.60 % 10.30 % Other mortgage 19.44 % 17.04 % Subtotal: Real estate - mortgage 51.51 % 50.05 % Consumer 1.00 % 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 September 30, 2018 December 31, 2017 Special September 30, 2018 Pass Mention Substandard Doubtful Total (In Thousands) Commercial, financial and agricultural $ 2,413,994 $ 41,656 $ 23,138 $ - $ 2,478,788 Real estate - construction 536,789 5,400 1,422 - 543,611 Real estate - mortgage: Owner-occupied commercial 1,396,503 30,101 3,507 - 1,430,111 1-4 family mortgage 606,509 2,600 1,351 - 610,460 Other mortgage 1,210,063 20,466 6,425 - 1,236,954 Total real estate mortgage 3,213,075 53,167 11,283 - 3,277,525 Consumer 63,555 3 49 - 63,607 Total $ 6,227,413 $ 100,226 $ 35,892 $ - $ 6,363,531 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 September 30, 2018 December 31, 2017 September 30, 2018 Performing Nonperforming Total (In Thousands) Commercial, financial and agricultural $ 2,469,980 $ 8,808 $ 2,478,788 Real estate - construction 543,611 - 543,611 Real estate - mortgage: Owner-occupied commercial 1,429,958 153 1,430,111 1-4 family mortgage 609,658 802 610,460 Other mortgage 1,231,915 5,039 1,236,954 Total real estate mortgage 3,271,531 5,994 3,277,525 Consumer 63,542 65 63,607 Total $ 6,348,664 $ 14,867 $ 6,363,531 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 September 30, 2018 December 31, 2017 September 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 $ 513 $ 9,147 $ 309 $ 9,969 $ 8,499 $ 2,460,320 $ 2,478,788 Real estate - construction 538 997 - 1,535 - 542,076 543,611 Real estate - mortgage: Owner-occupied commercial 375 3,941 - 4,316 153 1,425,642 1,430,111 1-4 family mortgage 150 970 301 1,421 501 608,538 610,460 Other mortgage - 63 5,039 5,102 - 1,231,852 1,236,954 Total real estate - mortgage 525 4,974 5,340 10,839 654 3,266,032 3,277,525 Consumer 173 24 65 262 - 63,345 63,607 Total $ 1,749 $ 15,142 $ 5,714 $ 22,605 $ 9,153 $ 6,331,773 $ 6,363,531 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 nine September 30, 2018 September 30, 2017. Commercial, financial and Real estate - Real estate - agricultural construction mortgage Consumer Total (In Thousands) Three Months Ended September 30, 2018 Allowance for loan losses: Balance at June 30, 2018 $ 36,178 $ 4,062 $ 23,438 $ 561 $ 64,239 Charge-offs (3,923 ) - (48 ) (76 ) (4,047 ) Recoveries 52 4 1 6 63 Provision 6,794 (132 ) (62 ) 24 6,624 Balance at September 30, 2018 $ 39,101 $ 3,934 $ 23,329 $ 515 $ 66,879 Three Months Ended September 30, 2017 Allowance for loan losses: Balance at June 30, 2017 $ 29,127 $ 5,138 $ 20,392 $ 402 $ 55,059 Charge-offs (924 ) (16 ) (550 ) (65 ) (1,555 ) Recoveries 67 12 59 14 152 Provision 3,431 197 1,065 110 4,803 Balance at September 30, 2017 $ 31,701 $ 5,331 $ 20,966 $ 461 $ 58,459 Nine Months Ended September 30, 2018 Allowance for loan losses: Balance at December 31, 2017 $ 32,880 $ 4,989 $ 21,022 $ 515 $ 59,406 Charge-offs (6,743 ) - (869 ) (211 ) (7,823 ) Recoveries 229 108 44 31 412 Provision 12,735 (1,163 ) 3,132 180 14,884 Balance at September 30, 2018 $ 39,101 $ 3,934 $ 23,329 $ 515 $ 66,879 Nine Months Ended September 30, 2017 Allowance for loan losses: Balance at December 31, 2016 $ 28,872 $ 5,125 $ 17,504 $ 392 $ 51,893 Charge-offs (6,846 ) (56 ) (922 ) (173 ) (7,997 ) Recoveries 273 42 62 16 393 Provision 9,402 220 4,322 226 14,170 Balance at September 30, 2017 $ 31,701 $ 5,331 $ 20,966 $ 461 $ 58,459 As of September 30, 2018 Allowance for loan losses: Individually Evaluated for Impairment $ 6,297 $ 181 $ 274 $ 49 $ 6,801 Collectively Evaluated for Impairment 32,804 3,753 23,055 466 60,078 Loans: Ending Balance $ 2,478,788 $ 543,611 $ 3,277,525 $ 63,607 $ 6,363,531 Individually Evaluated for Impairment 23,138 1,463 13,083 49 37,733 Collectively Evaluated for Impairment 2,455,650 542,148 3,264,442 63,558 6,325,798 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 September 30, 2018 December 31, 2017, not For the three months For the nine months ended September 30, ended September 30, September 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 $ 4,611 $ 5,502 $ - $ 4,694 $ 50 $ 5,259 $ 162 Real estate - construction 466 469 - 481 7 543 21 Real estate - mortgage: Owner-occupied commercial 1,800 1,982 - 2,008 16 2,311 91 1-4 family mortgage 501 501 - 501 (4 ) 501 1 Other mortgage 5,039 5,039 - 5,052 62 5,083 187 Total real estate - mortgage 7,340 7,522 - 7,561 74 7,895 279 Consumer - - - - - - - Total with no allowance recorded 12,417 13,493 - 12,736 131 13,697 462 With an allowance recorded: Commercial, financial and agricultural 18,527 25,946 6,297 19,041 136 19,035 478 Real estate - construction 997 997 181 997 14 997 42 Real estate - mortgage: Owner-occupied commercial 3,507 3,507 34 3,507 46 3,507 142 1-4 family mortgage 850 850 160 850 12 850 35 Other mortgage 1,386 1,386 80 1,386 15 1,595 51 Total real estate - mortgage 5,743 5,743 274 5,743 73 5,952 228 Consumer 49 49 49 49 1 49 2 Total with allowance recorded 25,316 32,735 6,801 25,830 224 26,033 750 Total Impaired Loans: Commercial, financial and agricultural 23,138 31,448 6,297 23,735 186 24,294 640 Real estate - construction 1,463 1,466 181 1,478 21 1,540 63 Real estate - mortgage: Owner-occupied commercial 5,307 5,489 34 5,515 62 5,818 233 1-4 family mortgage 1,351 1,351 160 1,351 8 1,351 36 Other mortgage 6,425 6,425 80 6,438 77 6,678 238 Total real estate - mortgage 13,083 13,265 274 13,304 147 13,847 507 Consumer 49 49 49 49 1 49 2 Total impaired loans $ 37,733 $ 46,228 $ 6,801 $ 38,566 $ 355 $ 39,730 $ 1,212 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 September 30, 2018, December 31, 2017 September 30, 2017 $16.6 $20.6 $16.4 September 30, 2018, $3.7 $4.3 December 31, 2017 $4.0 September 30, 2017. three nine September 30, 2018 2017 Three Months Ended September 30, 2018 Nine Months Ended September 30, 2018 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 6 $ 7,242 $ 7,242 6 $ 7,242 $ 7,242 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 - - - - - - 10 $ 12,753 $ 12,753 10 $ 12,753 $ 12,753 Three Months Ended September 30, 2017 Nine Months Ended September 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 Real estate - construction - - - 1 997 997 Real estate - mortgage: Owner-occupied commercial - - - 2 3,664 3,664 1-4 family mortgage - - - 1 850 850 Other mortgage - - - - - - Total real estate mortgage - - - 3 4,514 4,514 Consumer - - - - - - - $ - $ - 9 $ 12,716 $ 12,716 There were no twelve twelve three September 30, 2018 one $0.3 nine September 30, 2018. No twelve three nine September 30, 2017. 90 September 30, 2018, |