Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | NOTE 5 The following table details the Company’s loans at March 31, 2020 December 31, 2019: March 31, December 31, 2020 2019 (Dollars In Thousands) Commercial, financial and agricultural $ 2,771,307 $ 2,696,210 Real estate - construction 548,578 521,392 Real estate - mortgage: Owner-occupied commercial 1,678,532 1,587,478 1-4 family mortgage 675,870 644,188 Other mortgage 1,834,137 1,747,394 Subtotal: Real estate - mortgage 4,188,539 3,979,060 Consumer 60,412 64,789 Total Loans 7,568,836 7,261,451 Less: Allowance for loan losses (85,414 ) (76,584 ) Net Loans $ 7,483,422 $ 7,184,867 Commercial, financial and agricultural 36.61 % 37.13 % Real estate - construction 7.25 % 7.18 % Real estate - mortgage: Owner-occupied commercial 22.18 % 21.86 % 1-4 family mortgage 8.93 % 8.87 % Other mortgage 24.23 % 24.07 % Subtotal: Real estate - mortgage 55.34 % 54.80 % Consumer 0.80 % 0.89 % 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, 2020 December 31, 2019 Special March 31, 2020 Pass Mention Substandard Doubtful Total (In Thousands) Commercial, financial and agricultural $ 2,708,845 $ 17,902 $ 44,560 $ - $ 2,771,307 Real estate - construction 542,659 4,136 1,783 - 548,578 Real estate - mortgage: Owner-occupied commercial 1,658,909 11,014 8,609 - 1,678,532 1-4 family mortgage 671,407 2,080 2,383 - 675,870 Other mortgage 1,824,825 7,557 1,755 - 1,834,137 Total real estate - mortgage 4,155,141 20,651 12,747 - 4,188,539 Consumer 60,403 - 9 - 60,412 Total $ 7,467,048 $ 42,689 $ 59,099 $ - $ 7,568,836 Special December 31, 2019 Pass Mention Substandard Doubtful Total (In Thousands) Commercial, financial and agricultural $ 2,629,487 $ 46,176 $ 20,547 $ - $ 2,696,210 Real estate - construction 512,373 4,731 4,288 - 521,392 Real estate - mortgage: Owner-occupied commercial 1,555,283 18,240 13,955 - 1,587,478 1-4 family mortgage 639,959 2,787 1,442 - 644,188 Other mortgage 1,735,869 10,018 1,507 - 1,747,394 Total real estate - mortgage 3,931,111 31,045 16,904 - 3,979,060 Consumer 64,789 - - - 64,789 Total $ 7,137,760 $ 81,952 $ 41,739 $ - $ 7,261,451 Loans by performance status as of March 31, 2020 December 31, 2019 March 31, 2020 Performing Nonperforming Total (In Thousands) Commercial, financial and agricultural $ 2,756,132 $ 15,175 $ 2,771,307 Real estate - construction 546,774 1,804 548,578 Real estate - mortgage: Owner-occupied commercial 1,668,297 10,235 1,678,532 1-4 family mortgage 674,134 1,736 675,870 Other mortgage 1,829,244 4,893 1,834,137 Total real estate - mortgage 4,171,675 16,864 4,188,539 Consumer 60,387 25 60,412 Total $ 7,534,968 $ 33,868 $ 7,568,836 December 31, 2019 Performing Nonperforming Total (In Thousands) Commercial, financial and agricultural $ 2,681,280 $ 14,930 $ 2,696,210 Real estate - construction 519,803 1,589 521,392 Real estate - mortgage: Owner-occupied commercial 1,576,652 10,826 1,587,478 1-4 family mortgage 641,875 2,313 644,188 Other mortgage 1,740,963 6,431 1,747,394 Total real estate - mortgage 3,959,490 19,570 3,979,060 Consumer 64,766 23 64,789 Total $ 7,225,339 $ 36,112 $ 7,261,451 Loans by past due status as of March 31, 2020 December 31, 2019 March 31, 2020 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 $ 1,859 $ 211 $ 45 $ 2,115 $ 15,130 $ 2,754,062 $ 2,771,307 Real estate - construction - - - - 1,804 546,774 548,578 Real estate - mortgage: Owner-occupied commercial 2,389 1,778 - 4,167 10,235 1,664,130 1,678,532 1-4 family mortgage 2,191 - - 2,191 1,736 671,943 675,870 Other mortgage - - 4,893 4,893 - 1,829,244 1,834,137 Total real estate - mortgage 4,580 1,778 4,893 11,251 11,971 4,165,317 4,188,539 Consumer 83 31 16 130 9 60,273 60,412 Total $ 6,522 $ 2,020 $ 4,954 $ 13,496 $ 28,914 $ 7,526,426 $ 7,568,836 December 31, 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 $ 3,135 $ 344 $ 201 $ 3,680 $ 14,729 $ 2,677,801 $ 2,696,210 Real estate - construction 830 - - 830 1,589 518,973 521,392 Real estate - mortgage: Owner-occupied commercial 917 7,242 - 8,159 10,826 1,568,493 1,587,478 1-4 family mortgage 1,638 567 873 3,078 1,440 639,670 644,188 Other mortgage - - 4,924 4,924 1,507 1,740,963 1,747,394 Total real estate - mortgage 2,555 7,809 5,797 16,161 13,773 3,949,126 3,979,060 Consumer 35 25 23 83 - 64,706 64,789 Total $ 6,555 $ 8,178 $ 6,021 $ 20,754 $ 30,091 $ 7,210,606 $ 7,261,451 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 19 March 31, 2020. 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, 2020 March 31, 2019. Commercial, financial and Real estate - Real estate - agricultural construction mortgage Consumer Total (In Thousands) Three Months Ended March 31, 2020 Allowance for loan losses: Balance at December 31, 2019 $ 43,666 $ 2,768 $ 29,653 $ 497 $ 76,584 Charge-offs (2,640 ) (454 ) (1,678 ) (58 ) (4,830 ) Recoveries 62 1 1 12 76 Provision 7,692 1,442 4,384 66 13,584 Balance at March 31, 2020 $ 48,780 $ 3,757 $ 32,360 $ 517 $ 85,414 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 As of March 31, 2020 Allowance for loan losses: Individually Evaluated for Impairment $ 8,840 $ 351 $ 931 $ - $ 10,122 Collectively Evaluated for Impairment 39,940 3,406 31,429 517 75,292 Loans: Ending Balance $ 2,771,307 $ 548,578 $ 4,188,539 $ 60,412 $ 7,568,836 Individually Evaluated for Impairment 44,868 1,834 13,815 9 60,526 Collectively Evaluated for Impairment 2,726,439 546,744 4,174,724 60,403 7,508,310 As of December 31, 2019 Allowance for loan losses: Individually Evaluated for Impairment $ 6,085 $ 86 $ 3,633 $ - $ 9,804 Collectively Evaluated for Impairment 37,581 2,682 26,020 497 66,780 Loans: Ending Balance $ 2,696,210 $ 521,392 $ 3,979,060 $ 64,789 $ 7,261,451 Individually Evaluated for Impairment 20,843 4,320 17,985 - 43,148 Collectively Evaluated for Impairment 2,675,367 517,072 3,961,075 64,789 7,218,303 The following table presents details of the Company’s impaired loans as of March 31, 2020 December 31, 2019, not March 31, 2020 For the three months ended March 31, 2020 Interest Unpaid Average Income Recorded Principal Related Recorded Recognized Investment Balance Allowance Investment in Period (In Thousands) With no allowance recorded: Commercial, financial and agricultural $ 12,360 $ 12,360 $ - $ 12,352 $ 176 Real estate - construction 30 34 - 35 - Real estate - mortgage: Owner-occupied commercial 2,195 2,291 - 2,299 33 1-4 family mortgage 717 717 - 735 1 Other mortgage 1,701 1,701 - 1,731 18 Total real estate - mortgage 4,613 4,709 - 4,765 52 Consumer 9 9 - 9 - Total with no allowance recorded 17,012 17,112 - 17,161 228 With an allowance recorded: Commercial, financial and agricultural 32,508 32,775 8,840 33,186 239 Real estate - construction 1,804 1,882 351 2,749 - Real estate - mortgage: Owner-occupied commercial 7,487 12,127 827 12,159 5 1-4 family mortgage 1,662 1,822 104 1,526 4 Other mortgage 53 53 - 156 2 Total real estate - mortgage 9,202 14,002 931 13,841 11 Consumer - - - - - Total with allowance recorded 43,514 48,659 10,122 49,776 250 Total Impaired Loans: Commercial, financial and agricultural 44,868 45,135 8,840 45,538 415 Real estate - construction 1,834 1,916 351 2,784 - Real estate - mortgage: Owner-occupied commercial 9,682 14,418 827 14,458 38 1-4 family mortgage 2,379 2,539 104 2,261 5 Other mortgage 1,754 1,754 - 1,887 20 Total real estate - mortgage 13,815 18,711 931 18,606 63 Consumer 9 9 - 9 - Total impaired loans $ 60,526 $ 65,771 $ 10,122 $ 66,937 $ 478 December 31, 2019 For the twelve months ended December 31, 2019 Interest Unpaid Average Income Recorded Principal Related Recorded Recognized Investment Balance Allowance Investment In Period (In Thousands) With no allowance recorded: Commercial, financial and agricultural $ 9,015 $ 10,563 $ - $ 11,284 $ 562 Real estate - construction 2,731 2,735 - 2,063 126 Real estate - mortgage: Owner-occupied commercial 7,150 7,246 - 7,548 618 1-4 family mortgage 287 287 - 289 2 Total real estate - mortgage 7,437 7,533 - 7,837 620 Consumer - - - - - Total with no allowance recorded 19,183 20,831 - 21,184 1,308 With an allowance recorded: Commercial, financial and agricultural 11,828 19,307 6,085 19,714 395 Real estate - construction 1,589 1,589 86 1,614 27 Real estate - mortgage: Owner-occupied commercial 7,888 11,028 2,456 13,627 301 1-4 family mortgage 1,153 1,153 176 1,157 1 Other mortgage 1,507 1,507 1,001 1,468 21 Total real estate - mortgage 10,548 13,688 3,633 16,252 323 Consumer - - - - - Total with allowance recorded 23,965 34,584 9,804 37,580 745 Total Impaired Loans: Commercial, financial and agricultural 20,843 29,870 6,085 30,998 957 Real estate - construction 4,320 4,324 86 3,677 153 Real estate - mortgage: Owner-occupied commercial 15,038 18,274 2,456 21,175 919 1-4 family mortgage 1,440 1,440 176 1,446 3 Other mortgage 1,507 1,507 1,001 1,468 21 Total real estate - mortgage 17,985 21,221 3,633 24,089 943 Total impaired loans $ 43,148 $ 55,415 $ 9,804 $ 58,764 $ 2,053 As of March 31, 2020, 19 730 five five no three not March 2020. Troubled Debt Restructurings (“TDR”) at March 31, 2020, December 31, 2019 March 31, 2019 March 31, 2020, December 31, 2019 March 31, 2019 March 31, 2020, December 31, 2019 March 31, 2019. One no three March 31, 2020. no three March 31, 2019. 2020 Pre- Post- Modification Modification Outstanding Outstanding Number of Recorded Recorded Contracts Investment Investment (In Thousands) Troubled Debt Restructurings Commercial, financial and agricultural 1 $ 350 $ 350 Real estate - construction - - - Real estate - mortgage: Owner-occupied commercial - - - 1-4 family mortgage - - - Other mortgage - - - Total real estate mortgage - - - Consumer - - - 1 $ 350 $ 350 There were no twelve twelve three March 31, 2020. two twelve three March 31, 2019. 90 |