Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | NOTE 5 – LOANS The following table details the Company’s loans at September 30, 2019 December 31, 2018: September 30, December 31, 2019 2018 (Dollars In Thousands) Commercial, financial and agricultural $ 2,653,934 $ 2,513,225 Real estate - construction 550,871 533,192 Real estate - mortgage: Owner-occupied commercial 1,526,911 1,463,887 1-4 family mortgage 632,346 621,634 Other mortgage 1,592,072 1,337,068 Subtotal: Real estate - mortgage 3,751,329 3,422,589 Consumer 65,935 64,493 Total Loans 7,022,069 6,533,499 Less: Allowance for loan losses (77,192 ) (68,600 ) Net Loans $ 6,944,877 $ 6,464,899 Commercial, financial and agricultural 37.79 % 38.47 % Real estate - construction 7.85 % 8.16 % Real estate - mortgage: Owner-occupied commercial 21.74 % 22.41 % 1-4 family mortgage 9.01 % 9.51 % Other mortgage 22.67 % 20.46 % Subtotal: Real estate - mortgage 53.42 % 52.39 % Consumer 0.94 % 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 September 30, 2019 December 31, 2018 Special September 30, 2019 Pass Mention Substandard Doubtful Total (In Thousands) Commercial, financial and agricultural $ 2,573,465 $ 58,639 $ 21,830 $ - $ 2,653,934 Real estate - construction 540,560 6,011 4,300 - 550,871 Real estate - mortgage: Owner-occupied commercial 1,492,829 12,972 21,110 - 1,526,911 1-4 family mortgage 629,806 947 1,593 - 632,346 Other mortgage 1,571,238 19,332 1,502 - 1,592,072 Total real estate mortgage 3,693,873 33,251 24,205 - 3,751,329 Consumer 65,935 - - - 65,935 Total $ 6,873,833 $ 97,901 $ 50,335 $ - $ 7,022,069 Special December 31, 2018 Pass 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 September 30, 2019 December 31, 2018 September 30, 2019 Performing Nonperforming Total (In Thousands) Commercial, financial and agricultural $ 2,637,785 $ 16,149 $ 2,653,934 Real estate - construction 549,283 1,588 550,871 Real estate - mortgage: Owner-occupied commercial 1,511,666 15,245 1,526,911 1-4 family mortgage 630,755 1,591 632,346 Other mortgage 1,585,609 6,463 1,592,072 Total real estate mortgage 3,728,030 23,299 3,751,329 Consumer 65,923 12 65,935 Total $ 6,981,020 $ 41,049 $ 7,022,069 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 September 30, 2019 December 31, 2018 September 30, 2019 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 $ 4,519 $ 1,127 $ 119 $ 5,765 $ 16,030 $ 2,632,139 $ 2,653,934 Real estate - construction 650 - - 650 1,588 548,633 550,871 Real estate - mortgage: Owner-occupied commercial 9,005 - 118 9,123 15,127 1,502,661 1,526,911 1-4 family mortgage 2,229 600 112 2,941 1,480 627,925 632,346 Other mortgage 31 375 4,956 5,362 1,507 1,585,203 1,592,072 Total real estate - mortgage 11,265 975 5,186 17,426 18,114 3,715,789 3,751,329 Consumer 31 44 12 87 - 65,848 65,935 Total $ 16,465 $ 2,146 $ 5,317 $ 23,928 $ 35,732 $ 6,962,409 $ 7,022,069 December 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 $ 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 During the third 2019, 50% not September 30, 2019, 72 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, 2019 September 30, 2018. Commercial, financial and Real estate - Real estate - agricultural construction mortgage Consumer Total (In Thousands) Three Months Ended September 30, 2019 Allowance for loan losses: Balance at June 30, 2019 $ 38,709 $ 3,419 $ 28,783 $ 475 $ 71,386 Charge-offs (3,626 ) - (4,974 ) (172 ) (8,772 ) Recoveries 126 1 - 60 187 Allocation from LGP 4,905 115 2,386 - 7,406 Provision 5,108 (343 ) 2,069 151 6,985 Balance at September 30, 2019 $ 45,222 $ 3,192 $ 28,264 $ 514 $ 77,192 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 Nine Months Ended September 30, 2019 Allowance for loan losses: Balance at December 31, 2018 $ 39,016 $ 3,522 $ 25,508 $ 554 $ 68,600 Charge-offs (10,273 ) - (5,193 ) (453 ) (15,919 ) Recoveries 255 2 11 83 351 Allocation from LGP 4,905 115 2,386 - 7,406 Provision 11,319 (447 ) 5,552 330 16,754 Balance at September 30, 2019 $ 45,222 $ 3,192 $ 28,264 $ 514 $ 77,192 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 As of September 30, 2019 Allowance for loan losses: Individually Evaluated for Impairment $ 7,165 $ 110 $ 2,013 $ - $ 9,288 Collectively Evaluated for Impairment 38,057 3,082 26,251 514 67,904 Loans: Ending Balance $ 2,653,934 $ 550,871 $ 3,751,329 $ 65,935 $ 7,022,069 Individually Evaluated for Impairment 21,855 4,332 25,306 - 51,493 Collectively Evaluated for Impairment 2,632,079 546,539 3,726,023 65,935 6,970,576 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 September 30, 2019 December 31, 2018, not For the three months For the nine months ended September 30, ended September 30, September 30, 2019 2019 2019 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 $ 2,705 $ 4,308 $ - $ 3,186 $ 50 $ 3,799 $ 129 Real estate - construction 2,744 2,747 - 2,423 39 1,834 80 Real estate - mortgage: Owner-occupied commercial 7,341 7,436 - 7,414 120 7,625 506 1-4 family mortgage 298 298 - 315 - 321 2 Other mortgage - - - - - - - Total real estate - mortgage 7,639 7,734 - 7,729 120 7,946 508 Consumer - - - - - - - Total with no allowance recorded 13,088 14,789 - 13,338 209 13,579 717 With an allowance recorded: Commercial, financial and agricultural 19,150 26,551 7,165 21,260 15 22,568 467 Real estate - construction 1,588 1,588 110 1,588 (14 ) 1,623 27 Real estate - mortgage: Owner-occupied commercial 14,867 18,173 1,159 19,664 61 19,850 548 1-4 family mortgage 1,293 1,293 204 1,293 1 1,296 3 Other mortgage 1,507 1,507 650 1,507 (23 ) 1,456 21 Total real estate - mortgage 17,667 20,973 2,013 22,464 39 22,602 572 Consumer - - - - - - - Total with allowance recorded 38,405 49,112 9,288 45,312 40 46,793 1,066 Total Impaired Loans: Commercial, financial and agricultural 21,855 30,859 7,165 24,446 65 26,367 596 Real estate - construction 4,332 4,335 110 4,011 25 3,457 107 Real estate - mortgage: Owner-occupied commercial 22,208 25,609 1,159 27,078 181 27,475 1,054 1-4 family mortgage 1,591 1,591 204 1,608 1 1,617 5 Other mortgage 1,507 1,507 650 1,507 (23 ) 1,456 21 Total real estate - mortgage 25,306 28,707 2,013 30,193 159 30,548 1,080 Consumer - - - - - - - Total impaired loans $ 51,493 $ 63,901 $ 9,288 $ 58,650 $ 249 $ 60,372 $ 1,783 December 31, 2018 For the twelve months ended December 31, 2018 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 $ 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 September 30, 2019, December 31, 2018 September 30, 2018 September 30, 2019, December 31, 2018 September 30, 2018. three nine September 30, 2019 2018 Three Months Ended September 30, 2019 Nine Months Ended September 30, 2019 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 - $ - $ - 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 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 The following table presents TDRs by portfolio segment which defaulted during the three nine September 30, 2019 2018, twelve twelve 90 September 30, 2019, Three Months Ended September 30, Nine Months Ended September 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 $ - $ - $ 325 $ 268 Real estate - construction - - - - Real estate - mortgage: Owner-occupied commercial - - - - 1-4 family mortgage - - - - Other mortgage - - - - Total real estate mortgage - - - - Consumer - - - - $ - $ - $ 325 $ 268 |