Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | NOTE 5 The following table details the Company’s loans at March 31, 2019 December 31, 2018: March 31, December 31, (Dollars In Thousands) Commercial, financial and agricultural $ 2,522,136 $ 2,513,225 Real estate - construction 556,219 533,192 Real estate - mortgage: Owner-occupied commercial 1,500,595 1,463,887 1-4 family mortgage 629,285 621,634 Other mortgage 1,394,611 1,337,068 Subtotal: Real estate - mortgage 3,524,491 3,422,589 Consumer 57,062 64,493 Total Loans 6,659,908 6,533,499 Less: Allowance for loan losses (70,207 ) (68,600 ) Net Loans $ 6,589,701 $ 6,464,899 Commercial, financial and agricultural 37.87 % 38.47 % Real estate - construction 8.35 % 8.16 % Real estate - mortgage: Owner-occupied commercial 22.53 % 22.41 % 1-4 family mortgage 9.45 % 9.51 % Other mortgage 20.94 % 20.46 % Subtotal: Real estate - mortgage 52.92 % 52.38 % Consumer 0.86 % 0.99 % 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, 2019 December 31, 2018 March 31, 2019 Pass Special Mention Substandard Doubtful Total (In Thousands) Commercial, financial and agricultural $ 2,456,885 $ 47,075 $ 18,176 $ – $ 2,522,136 Real estate - construction 548,656 6,944 619 – 556,219 Real estate - mortgage: Owner-occupied commercial 1,470,108 26,929 3,558 – 1,500,595 1-4 family mortgage 625,458 1,976 1,851 – 629,285 Other mortgage 1,368,451 14,781 11,379 – 1,394,611 Total real estate - mortgage 3,464,017 43,686 16,788 – 3,524,491 Consumer 57,013 49 – – 57,062 Total $ 6,526,571 $ 97,754 $ 35,583 $ – $ 6,659,908 December 31, 2018 Pass Special Substandard Doubtful Total (In Thousands) Commercial, financial and agricultural $ 2,447,052 $ 47,754 $ 18,419 $ – $ 2,513,225 Real estate - construction 525,021 6,749 1,422 – 533,192 Real estate - mortgage: Owner-occupied commercial 1,431,982 28,547 3,358 – 1,463,887 1-4 family mortgage 616,884 2,703 2,047 – 621,634 Other mortgage 1,309,101 16,506 11,461 – 1,337,068 Total real estate - mortgage 3,357,967 47,756 16,866 – 3,422,589 Consumer 64,444 – 49 – 64,493 Total $ 6,394,484 $ 102,259 $ 36,756 $ – $ 6,533,499 Loans by performance status as of March 31, 2019 December 31, 2018 March 31, 2019 Performing Nonperforming Total (In Thousands) Commercial, financial and agricultural $ 2,510,619 $ 11,517 $ 2,522,136 Real estate - construction 555,981 238 556,219 Real estate - mortgage: Owner-occupied commercial 1,497,037 3,558 1,500,595 1-4 family mortgage 627,435 1,850 629,285 Other mortgage 1,384,611 10,000 1,394,611 Total real estate - mortgage 3,509,083 15,408 3,524,491 Consumer 57,050 12 57,062 Total $ 6,632,733 $ 27,175 $ 6,659,908 December 31, 2018 Performing Nonperforming Total (In Thousands) Commercial, financial and agricultural $ 2,502,117 $ 11,108 $ 2,513,225 Real estate - construction 532,195 997 533,192 Real estate - mortgage: Owner-occupied commercial 1,460,529 3,358 1,463,887 1-4 family mortgage 619,465 2,169 621,634 Other mortgage 1,327,038 10,030 1,337,068 Total real estate - mortgage 3,407,032 15,557 3,422,589 Consumer 64,385 108 64,493 Total $ 6,505,729 $ 27,770 $ 6,533,499 Loans by past due status as of March 31, 2019 December 31, 2018 March 31, 2019 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 $ 6,868 $ 2,115 $ 31 $ 9,014 $ 11,486 $ 2,501,636 $ 2,522,136 Real estate - construction – – – – 238 555,981 556,219 Real estate - mortgage: Owner-occupied commercial 122 – – 122 3,558 1,496,915 1,500,595 1-4 family mortgage 600 649 – 1,249 1,850 626,186 629,285 Other mortgage 37 – 4,978 5,015 5,022 1,384,574 1,394,611 Total real estate - mortgage 759 649 4,978 6,386 10,430 3,507,675 3,524,491 Consumer 41 12 12 65 – 56,997 57,062 Total $ 7,668 $ 2,776 $ 5,021 $ 15,465 $ 22,154 $ 6,622,289 $ 6,659,908 December 31, 2018 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 $ 1,222 $ 48 $ 605 $ 1,875 $ 10,503 $ 2,500,847 $ 2,513,225 Real estate - construction – 1,352 – 1,352 997 530,843 533,192 Real estate - mortgage: Owner-occupied commercial 412 – – 412 3,358 1,460,117 1,463,887 1-4 family mortgage 534 235 123 892 2,046 618,696 621,634 Other mortgage 1,174 – 5,008 6,182 5,022 1,325,864 1,337,068 Total real estate - mortgage 2,120 235 5,131 7,486 10,426 3,404,677 3,422,589 Consumer 58 123 108 289 – 64,204 64,493 Total $ 3,400 $ 1,758 $ 5,844 $ 11,002 $ 21,926 $ 6,500,571 $ 6,533,499 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, 2019 March 31, 2018. Commercial, Real estate - construction Real estate - mortgage Consumer Total (In Thousands) Three Months Ended March 31, 2019 Allowance for loan losses: Balance at December 31, 2018 $ 39,016 $ 3,522 $ 25,508 $ 554 $ 68,600 Charge-offs (3,037 ) – (50 ) (218 ) (3,305 ) Recoveries 12 1 7 7 27 Provision 3,468 72 1,246 99 4,885 Balance at March 31, 2019 $ 39,459 $ 3,595 $ 26,711 $ 442 $ 70,207 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 As of March 31, 2019 Allowance for loan losses: Individually Evaluated for Impairment $ 5,192 $ 110 $ 1,987 $ – $ 7,289 Collectively Evaluated for Impairment 34,267 3,485 24,724 442 62,918 Loans: Ending Balance $ 2,522,136 $ 556,219 $ 3,524,491 $ 57,062 $ 6,659,908 Individually Evaluated for Impairment 18,197 656 17,891 49 36,793 Collectively Evaluated for Impairment 2,503,939 555,563 3,506,600 57,013 6,623,115 As of December 31, 2018 Allowance for loan losses: Individually Evaluated for Impairment $ 6,066 $ 126 $ 1,887 $ 49 $ 8,128 Collectively Evaluated for Impairment 32,950 3,396 23,621 505 60,472 Loans: Ending Balance $ 2,513,225 $ 533,192 $ 3,422,589 $ 64,493 $ 6,533,499 Individually Evaluated for Impairment 18,444 1,461 18,637 49 38,591 Collectively Evaluated for Impairment 2,494,781 531,731 3,403,952 64,444 6,494,908 The following table presents details of the Company’s impaired loans as of March 31, 2019 December 31, 2018, not March 31, 2019 For the three months Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest (In Thousands) With no allowance recorded: Commercial, financial and agricultural $ 5,447 $ 5,947 $ – $ 5,947 $ 49 Real estate - construction 418 421 – 454 7 Real estate - mortgage: Owner-occupied commercial 1,096 1,192 – 1,102 16 1-4 family mortgage 597 597 – 622 (1 ) Other mortgage 4,978 4,978 – 4,992 61 Total real estate - mortgage 6,671 6,767 – 6,716 76 Consumer – – – – – Total with no allowance recorded 12,536 13,135 – 13,117 132 With an allowance recorded: Commercial, financial and agricultural 12,750 22,855 5,192 15,416 30 Real estate - construction 238 238 110 364 – Real estate - mortgage: Owner-occupied commercial 3,558 3,558 106 3,558 (1 ) 1-4 family mortgage 1,253 1,253 301 1,253 – Other mortgage 6,409 6,409 1,580 6,409 15 Total real estate - mortgage 11,220 11,220 1,987 11,220 14 Consumer 49 49 – 49 1 Total with allowance recorded 24,257 34,362 7,289 27,049 45 Total Impaired Loans: Commercial, financial and agricultural 18,197 28,802 5,192 21,363 79 Real estate - construction 656 659 110 818 7 Real estate - mortgage: Owner-occupied commercial 4,654 4,750 106 4,660 15 1-4 family mortgage 1,850 1,850 301 1,875 (1 ) Other mortgage 11,387 11,387 1,580 11,401 76 Total real estate - mortgage 17,891 17,987 1,987 17,936 90 Consumer 49 49 – 49 1 Total impaired loans $ 36,793 $ 47,497 $ 7,289 $ 40,166 $ 177 December 31, 2018 For the twelve months Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest (In Thousands) With no allowance recorded: Commercial, financial and agricultural $ 6,064 $ 6,064 $ – $ 6,142 $ 237 Real estate - construction 464 467 – 524 28 Real estate - mortgage: Owner-occupied commercial 1,763 1,947 – 2,223 120 1-4 family mortgage 1,071 1,071 – 1,088 21 Other mortgage 5,061 5,061 – 5,133 252 Total real estate - mortgage 7,895 8,079 – 8,444 393 Consumer – – – – – Total with no allowance recorded 14,423 14,610 – 15,110 658 With an allowance recorded: Commercial, financial and agricultural 12,380 20,141 6,066 15,918 462 Real estate - construction 997 997 126 997 31 Real estate - mortgage: Owner-occupied commercial 3,358 3,358 99 3,364 105 1-4 family mortgage 975 975 208 975 30 Other mortgage 6,409 6,409 1,580 6,598 217 Total real estate - mortgage 10,742 10,742 1,887 10,937 352 Consumer 49 49 49 49 3 Total with allowance recorded 24,168 31,929 8,128 27,901 848 Total Impaired Loans: Commercial, financial and agricultural 18,444 26,205 6,066 22,060 699 Real estate - construction 1,461 1,464 126 1,521 59 Real estate - mortgage: Owner-occupied commercial 5,121 5,305 99 5,587 225 1-4 family mortgage 2,046 2,046 208 2,063 51 Other mortgage 11,470 11,470 1,580 11,731 469 Total real estate - mortgage 18,637 18,821 1,887 19,381 745 Consumer 49 49 49 49 3 Total impaired loans $ 38,591 $ 46,539 $ 8,128 $ 43,011 $ 1,506 Troubled Debt Restructurings (“TDR”) at March 31, 2019, December 31, 2018 March 31, 2018 $12.3 $14.6 $18.8 March 31, 2019, December 31, 2018 March 31, 2018 $2.7 $3.1 $15.8 March 31, 2019, $2.6 $4.3 December 31, 2018 $5.1 March 31, 2018. no three March 31, 2019 2018. There were two $0.3 twelve twelve three March 31, 2019. no twelve three March 31, 2018. 90 |