Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | NOTE 5 – LOANS The following table details the Company’s loans at June 30, 2019 December 31, 2018: June 30, 2019 December 31, 2018 (Dollars In Thousands) Commercial, financial and agricultural $ 2,633,529 $ 2,513,225 Real estate - construction 603,779 533,192 Real estate - mortgage: Owner-occupied commercial 1,538,279 1,463,887 1-4 family mortgage 630,963 621,634 Other mortgage 1,496,512 1,337,068 Subtotal: Real estate - mortgage 3,665,754 3,422,589 Consumer 64,824 64,493 Total Loans 6,967,886 6,533,499 Less: Allowance for loan losses (71,386 ) (68,600 ) Net Loans $ 6,896,500 $ 6,464,899 Commercial, financial and agricultural 37.79 % 38.47 % Real estate - construction 8.67 % 8.16 % Real estate - mortgage: Owner-occupied commercial 22.08 % 22.41 % 1-4 family mortgage 9.05 % 9.51 % Other mortgage 21.48 % 20.46 % Subtotal: Real estate - mortgage 52.61 % 52.39 % Consumer 0.93 % 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 (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, 2019 December 31, 2018 June 30, 2019 Pass Special Mention Substandard Doubtful Total (In Thousands) Commercial, financial and agricultural $ 2,560,336 $ 53,434 $ 19,759 $ - $ 2,633,529 Real estate - construction 596,007 5,802 1,970 - 603,779 Real estate - mortgage: Owner-occupied commercial 1,512,146 11,818 14,315 - 1,538,279 1-4 family mortgage 627,829 1,191 1,943 - 630,963 Other mortgage 1,472,083 17,904 6,525 - 1,496,512 Total real estate mortgage 3,612,058 30,913 22,783 - 3,665,754 Consumer 64,775 49 - - 64,824 Total $ 6,833,176 $ 90,198 $ 44,512 $ - $ 6,967,886 December 31, 2018 Pass Special Mention 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 June 30, 2019 December 31, 2018 June 30, 2019 Performing Nonperforming Total (In Thousands) Commercial, financial and agricultural $ 2,617,692 $ 15,837 $ 2,633,529 Real estate - construction 603,541 238 603,779 Real estate - mortgage: Owner-occupied commercial 1,534,721 3,558 1,538,279 1-4 family mortgage 628,494 2,469 630,963 Other mortgage 1,486,500 10,012 1,496,512 Total real estate mortgage 3,649,715 16,039 3,665,754 Consumer 64,799 25 64,824 Total $ 6,935,747 $ 32,139 $ 6,967,886 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 June 30, 2019 December 31, 2018 June 30, 2019 Past Due Status (Accruing Loans) 30-59 Days 60-89 Days 90+ Days Total Past Due Non-Accrual Current Total Loans (In Thousands) Commercial, financial and agricultural $ 69 $ 75 $ 4,756 $ 4,900 $ 11,081 $ 2,617,548 $ 2,633,529 Real estate - construction - - - - 238 603,541 603,779 Real estate - mortgage: Owner-occupied commercial 15,350 929 - 16,279 3,558 1,518,442 1,538,279 1-4 family mortgage 549 125 528 1,202 1,941 627,820 630,963 Other mortgage 1,543 - 4,990 6,533 5,022 1,484,957 1,496,512 Total real estate - mortgage 17,442 1,054 5,518 24,014 10,521 3,631,219 3,665,754 Consumer 24 4 25 53 - 64,771 64,824 Total $ 17,535 $ 1,133 $ 10,299 $ 28,967 $ 21,840 $ 6,917,079 $ 6,967,886 December 31, 2018 Past Due Status (Accruing Loans) 30-59 Days 60-89 Days 90+ Days Total Past Due 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 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, 2019 June 30, 2018. Commercial, financial and agricultural Real estate - construction Real estate - mortgage Consumer Total (In Thousands) Three Months Ended June 30, 2019 Allowance for loan losses: Balance at March 31, 2019 $ 39,459 $ 3,595 $ 26,711 $ 442 $ 70,207 Charge-offs (3,610 ) - (169 ) (63 ) (3,842 ) Recoveries 117 - 4 16 137 Provision 2,743 (176 ) 2,237 80 4,884 Balance at June 30, 2019 $ 38,709 $ 3,419 $ 28,783 $ 475 $ 71,386 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 Six Months Ended June 30, 2019 Allowance for loan losses: Balance at December 31, 2018 $ 39,016 $ 3,522 $ 25,508 $ 554 $ 68,600 Charge-offs (6,647 ) - (219 ) (281 ) (7,147 ) Recoveries 129 1 11 23 164 Provision 6,211 (104 ) 3,483 179 9,769 Balance at June 30, 2019 $ 38,709 $ 3,419 $ 28,783 $ 475 $ 71,386 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 As of June 30, 2019 Allowance for loan losses: Individually Evaluated for Impairment $ 5,201 $ 110 $ 4,805 $ - $ 10,116 Collectively Evaluated for Impairment 33,508 3,309 23,978 475 61,270 Loans: Ending Balance $ 2,633,529 $ 603,779 $ 3,665,754 $ 64,824 $ 6,967,886 Individually Evaluated for Impairment 19,783 2,004 23,903 - 45,690 Collectively Evaluated for Impairment 2,613,746 601,775 3,641,851 64,824 6,922,196 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 June 30, 2019 December 31, 2018, not June 30, 2019 For the three months ended June 30, 2019 For the six months ended June 30, 2019 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized in Period Average Recorded Investment Interest Income Recognized in Period (In Thousands) With no allowance recorded: Commercial, financial and agricultural $ 1,769 $ 1,769 $ - $ 1,769 $ 20 $ 1,769 $ 52 Real estate - construction 416 420 - 420 6 437 13 Real estate - mortgage: Owner-occupied commercial 1,083 1,179 - 1,184 16 1,143 33 1-4 family mortgage 472 472 - 475 - 487 - Other mortgage - - - - - - - Total real estate - mortgage 1,555 1,651 - 1,659 16 1,630 33 Consumer - - - - - - - Total with no allowance recorded 3,740 3,840 - 3,848 42 3,836 98 With an allowance recorded: Commercial, financial and agricultural 18,014 23,761 5,201 20,253 71 21,520 234 Real estate - construction 1,588 1,588 110 1,588 20 1,640 40 Real estate - mortgage: Owner-occupied commercial 14,349 14,349 2,402 13,208 207 13,724 425 1-4 family mortgage 1,469 1,469 196 1,473 (1 ) 1,475 1 Other mortgage 6,530 6,530 2,207 6,530 23 6,452 44 Total real estate - mortgage 22,348 22,348 4,805 21,211 229 21,651 470 Consumer - - - - - - - Total with allowance recorded 41,950 47,697 10,116 43,052 320 44,811 744 Total Impaired Loans: Commercial, financial and agricultural 19,783 25,530 5,201 22,022 91 23,289 286 Real estate - construction 2,004 2,008 110 2,008 26 2,077 53 Real estate - mortgage: Owner-occupied commercial 15,432 15,528 2,402 14,392 223 14,867 458 1-4 family mortgage 1,941 1,941 196 1,948 (1 ) 1,962 1 Other mortgage 6,530 6,530 2,207 6,530 23 6,452 44 Total real estate - mortgage 23,903 23,999 4,805 22,870 245 23,281 503 Consumer - - - - - - - Total impaired loans $ 45,690 $ 51,537 $ 10,116 $ 46,900 $ 362 $ 48,647 $ 842 December 31, 2018 For the twelve months ended December 31, 2018 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized in Period (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 June 30, 2019, December 31, 2018 June 30, 2018 June 30, 2019, December 31, 2018 June 30, 2018. three six June 30, 2019 three six June 30, 2018. Three Months Ended June 30, 2019 Six Months Ended June 30, 2019 Number of Contracts Pre- Modification Outstanding Recorded Investment Post- Modification Outstanding Recorded Investment Number of Contracts Pre- Modification Outstanding Recorded Investment Post- Modification Outstanding Recorded Investment (In Thousands) Troubled Debt Restructurings Commercial, financial and agricultural 1 $ 2,742 $ 2,742 1 $ 2,742 $ 2,742 Real estate - construction - - - - - - Real estate - mortgage: Owner-occupied commercial - - - - - - 1-4 family mortgage - - - - - - Other mortgage - - - - - - Total real estate mortgage - - - - - - Consumer - - - - - - 1 $ 2,742 $ 2,742 1 $ 2,742 $ 2,742 The following table presents TDRs by portfolio segment which defaulted during the three six June 30, 2019 2018, twelve twelve 90 June 30, 2019, Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 (In thousands) Defaulted during the period, where modified in a TDR twelve months prior to default Commercial, financial and agricultural $ - $ 268 $ 325 $ 268 Real estate - construction - - - - Real estate - mortgage: Owner-occupied commercial - - - - 1-4 family mortgage - - - - Other mortgage - - - - Total real estate mortgage - - - - Consumer - - - - $ - $ 268 $ 325 $ 268 |