Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | NOTE 5 LOANS The loan portfolio is classified based on the underlying collateral utilized to secure each loan for financial reporting purposes. This classification is consistent with the Quarterly Report of Condition and Income filed by the Bank with the Federal Deposit Insurance Corporation (FDIC). Commercial, financial and agricultural - Real estate construction Owner-occupied commercial real estate mortgage 1 4 Other real estate mortgage Consumer not In light of the U.S. and global economic crisis brought about by the COVID- 19 500 2021, March 21, 2021, May 28, 2021, April 2020. June 30, 2021 December 31, 2020, three June 30, 2021 2020, six June 30, 2021 2020, June 30, 2021 December 31, 2020, The following table details the Company’s loans at June 30, 2021 December 31, 2020: June 30, December 31, 2021 2020 (Dollars In Thousands) Commercial, financial and agricultural $ 3,105,243 $ 3,295,900 Real estate - construction 782,305 593,614 Real estate - mortgage: Owner-occupied commercial 1,726,888 1,693,428 1-4 family mortgage 707,546 711,692 Other mortgage 2,262,231 2,106,184 Subtotal: Real estate - mortgage 4,696,665 4,511,304 Consumer 65,481 64,870 Total Loans 8,649,694 8,465,688 Less: Allowance for credit losses (104,670 ) (87,942 ) Net Loans $ 8,545,024 $ 8,377,746 Commercial, financial and agricultural 35.90 % 38.93 % Real estate - construction 9.04 % 7.01 % Real estate - mortgage: Owner-occupied commercial 19.97 % 20.00 % 1-4 family mortgage 8.18 % 8.41 % Other mortgage 26.15 % 24.89 % Subtotal: Real estate - mortgage 54.30 % 53.29 % Consumer 0.76 % 0.77 % 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 borrower (or guarantors, 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. The table below presents loan balances classified by credit quality indicator, loan type and based on year of origination as of June 30, 2021 : Revolving June 30, 2021 2021 2020 2019 2018 2017 Prior Loans Total Commercial, financial and agricultural Pass $ 696,886 $ 513,646 $ 263,641 $ 181,874 $ 132,091 $ 176,608 $ 1,068,699 $ 3,033,445 Special Mention 760 869 227 8 34 935 6,529 9,362 Substandard - 558 10,554 562 3,632 2,450 44,680 62,436 Doubtful - - - - - - - - Total Commercial, financial and agricultural $ 697,646 $ 515,073 $ 274,422 $ 182,444 $ 135,757 $ 179,993 $ 1,119,908 $ 3,105,243 Real estate - construction Pass $ 192,709 $ 272,865 $ 181,888 $ 34,403 $ 14,319 $ 18,915 $ 59,495 $ 774,594 Special Mention - - 7,476 - - - - 7,476 Substandard - - - - - 235 - 235 Doubtful - - - - - - - - Total Real estate - construction $ 192,709 $ 272,865 $ 189,364 $ 34,403 $ 14,319 $ 19,150 $ 59,495 $ 782,305 Owner-occupied commercial Pass $ 140,624 $ 358,617 $ 261,570 $ 197,714 $ 191,665 $ 512,036 $ 60,471 $ 1,722,697 Special Mention - - - - 289 1,990 - 2,279 Substandard - - - - 141 1,771 - 1,912 Doubtful - - - - - - - - Total Owner-occupied commercial $ 140,624 $ 358,617 $ 261,570 $ 197,714 $ 192,095 $ 515,797 $ 60,471 $ 1,726,888 1-4 family mortgage Pass $ 112,165 $ 144,375 $ 89,615 $ 58,027 $ 45,026 $ 50,650 $ 202,552 $ 702,410 Special Mention - 673 553 366 104 582 1,083 3,361 Substandard - 150 365 - 232 136 892 1,775 Doubtful - - - - - - - - Total 1-4 family mortgage $ 112,165 $ 145,198 $ 90,533 $ 58,393 $ 45,362 $ 51,368 $ 204,527 $ 707,546 Other mortgage Pass $ 292,546 $ 455,048 $ 472,105 $ 211,629 $ 331,739 $ 407,337 $ 67,217 $ 2,237,621 Special Mention - - - - 2,762 8,882 - 11,644 Substandard - - - 4,544 8,422 - - 12,966 Doubtful - - - - - - - - Total Other mortgage $ 292,546 $ 455,048 $ 472,105 $ 216,173 $ 342,923 $ 416,219 $ 67,217 $ 2,262,231 Consumer Pass $ 13,060 $ 5,818 $ 3,262 $ 1,166 $ 1,186 $ 4,185 $ 36,776 $ 65,453 Special Mention - - - - - 28 - 28 Substandard - - - - - - - - Doubtful - - - - - - - - Total Consumer $ 13,060 $ 5,818 $ 3,262 $ 1,166 $ 1,186 $ 4,213 $ 36,776 $ 65,481 Total Loans Pass $ 1,447,990 $ 1,750,369 $ 1,272,081 $ 684,813 $ 716,026 $ 1,169,731 $ 1,495,210 $ 8,536,220 Special Mention 760 1,542 8,256 374 3,189 12,417 7,612 34,150 Substandard - 708 10,919 5,106 12,427 4,592 45,572 79,324 Doubtful - - - - - - - - Total Loans $ 1,448,750 $ 1,752,619 $ 1,291,256 $ 690,293 $ 731,642 $ 1,186,740 $ 1,548,394 $ 8,649,694 The table below presents loan balances classified by credit quality indicator, loan type and based on year of origination as of December 31, 2020: Revolving December 31, 2020 2020 2019 2018 2017 2016 Prior Loans Total Commercial, financial and agricultural Pass $ 1,260,341 $ 332,690 $ 229,838 $ 169,616 $ 89,893 $ 137,021 $ 988,093 $ 3,207,492 Special Mention 2,551 1,404 10 253 163 281 14,948 19,610 Substandard 569 10,639 617 5,447 963 2,038 48,525 68,798 Doubtful - - - - - - - - Total Commercial, financial and agricultural $ 1,263,461 $ 344,733 $ 230,465 $ 175,316 $ 91,019 $ 139,340 $ 1,051,566 $ 3,295,900 Real estate - construction Pass $ 230,931 $ 222,357 $ 53,981 $ 16,361 $ 7,677 $ 13,816 $ 48,256 $ 593,379 Special Mention - - - - - - - - Substandard - - - - - 235 - 235 Doubtful - - - - - - - - Total Real estate - construction $ 230,931 $ 222,357 $ 53,981 $ 16,361 $ 7,677 $ 14,051 $ 48,256 $ 593,614 Owner-occupied commercial Pass $ 351,808 $ 271,645 $ 221,513 $ 198,935 $ 158,531 $ 417,743 $ 61,119 $ 1,681,294 Special Mention - - - 6,524 543 1,873 200 9,140 Substandard - - 12 780 - 1,962 240 2,994 Doubtful - - - - - - - - Total Owner-occupied commercial $ 351,808 $ 271,645 $ 221,525 $ 206,239 $ 159,074 $ 421,578 $ 61,559 $ 1,693,428 1-4 family mortgage Pass $ 179,314 $ 111,016 $ 70,381 $ 60,774 $ 27,985 $ 44,111 $ 212,616 $ 706,197 Special Mention 508 - - 105 481 - 1,112 2,206 Substandard 350 126 - 235 218 - 2,360 3,289 Doubtful - - - - - - - - Total 1-4 family mortgage $ 180,172 $ 111,142 $ 70,381 $ 61,114 $ 28,684 $ 44,111 $ 216,088 $ 711,692 Other mortgage Pass $ 470,086 $ 470,092 $ 250,945 $ 368,283 $ 180,244 $ 272,722 $ 68,721 $ 2,081,093 Special Mention - - - 2,793 541 8,566 - 11,900 Substandard - 50 4,589 8,552 - - - 13,191 Doubtful - - - - - - - - Total Other mortgage $ 470,086 $ 470,142 $ 255,534 $ 379,628 $ 180,785 $ 281,288 $ 68,721 $ 2,106,184 Consumer Pass $ 20,410 $ 4,421 $ 1,551 $ 1,671 $ 1,031 $ 3,615 $ 32,125 $ 64,824 Special Mention - - 15 - 31 - - 46 Substandard - - - - - - - - Doubtful - - - - - - - - Total Consumer $ 20,410 $ 4,421 $ 1,566 $ 1,671 $ 1,062 $ 3,615 $ 32,125 $ 64,870 Total Loans Pass $ 2,512,890 $ 1,412,221 $ 828,209 $ 815,640 $ 465,361 $ 889,028 $ 1,410,930 $ 8,334,279 Special Mention 3,059 1,404 25 9,675 1,759 10,720 16,260 42,902 Substandard 919 10,815 5,218 15,014 1,181 4,235 51,125 88,507 Doubtful - - - - - - - - Total Loans $ 2,516,868 $ 1,424,440 $ 833,452 $ 840,329 $ 468,301 $ 903,983 $ 1,478,315 $ 8,465,688 Loans by performance status as of June 30, 2021 December 31, 2020 June 30, 2021 Performing Nonperforming Total (In Thousands) Commercial, financial and agricultural $ 3,095,238 $ 10,005 $ 3,105,243 Real estate - construction 782,071 234 782,305 Real estate - mortgage: Owner-occupied commercial 1,725,686 1,202 1,726,888 1-4 family mortgage 706,534 1,012 707,546 Other mortgage 2,257,504 4,727 2,262,231 Total real estate mortgage 4,689,724 6,941 4,696,665 Consumer 65,472 9 65,481 Total $ 8,632,505 $ 17,189 $ 8,649,694 December 31, 2020 Performing Nonperforming Total (In Thousands) Commercial, financial and agricultural $ 3,284,180 $ 11,720 $ 3,295,900 Real estate - construction 593,380 234 593,614 Real estate - mortgage: Owner-occupied commercial 1,692,169 1,259 1,693,428 1-4 family mortgage 710,817 875 711,692 Other mortgage 2,101,379 4,805 2,106,184 Total real estate mortgage 4,504,365 6,939 4,511,304 Consumer 64,809 61 64,870 Total $ 8,446,734 $ 18,954 $ 8,465,688 Loans by past due status as of June 30, 2021 December 31, 2020 June 30, 2021 Past Due Status (Accruing Loans) Total Past Total Nonaccrual 30-59 Days 60-89 Days 90+ Days Due Nonaccrual Current Total Loans With no ACL (In Thousands) Commercial, financial and agricultural $ 535 $ 7 $ 31 $ 573 $ 9,974 $ 3,094,696 $ 3,105,243 $ 3,706 Real estate - construction - - - - 234 782,071 782,305 - Real estate - mortgage: Owner-occupied commercial 255 - - 255 1,202 1,725,431 1,726,888 1,061 1-4 family mortgage 471 504 121 1,096 891 705,559 707,546 375 Other mortgage 12 - 4,727 4,739 - 2,257,492 2,262,231 - Total real estate - mortgage 738 504 4,848 6,090 2,093 4,688,482 4,696,665 1,436 Consumer 32 58 9 99 - 65,382 65,481 - Total $ 1,305 $ 569 $ 4,888 $ 6,762 $ 12,301 $ 8,630,631 $ 8,649,694 $ 5,142 December 31, 2020 Past Due Status (Accruing Loans) Total Past Total Nonaccrual 30-59 Days 60-89 Days 90+ Days Due Nonaccrual Current Total Loans With no ACL (In Thousands) Commercial, financial and agricultural $ 92 $ 1,738 $ 11 $ 1,841 $ 11,709 $ 3,282,350 $ 3,295,900 $ 5,101 Real estate - construction - - - - 234 593,380 593,614 - Real estate - mortgage: Owner-occupied commercial - 995 - 995 1,259 1,691,174 1,693,428 467 1-4 family mortgage 61 1,073 104 1,238 771 709,683 711,692 512 Other mortgage 18 - 4,805 4,823 - 2,101,361 2,106,184 - Total real estate - mortgage 79 2,068 4,909 7,056 2,030 4,502,218 4,511,304 979 Consumer 64 13 61 138 - 64,732 64,870 - Total $ 235 $ 3,819 $ 4,981 $ 9,035 $ 13,973 $ 8,442,680 $ 8,465,688 $ 6,080 As described in Note 9 2016 13 January 1, 2020, not not The Company uses the discounted cash flow (“DCF”) method to estimate ACL for all loan pools except for commercial revolving lines of credit and credit cards. For all loan pools utilizing the DCF method, the Company utilizes and forecasts national unemployment rate as a loss driver. The Company also utilizes and forecasts GDP growth as a second June 30, 2021 December 31, 2020, twelve six The Company uses a loss-rate method to estimate expected credit losses for its commercial revolving lines of credit and credit card pools. The commercial revolving lines of credit pool incorporates a probability of default (“PD”) and loss given default (“LGD”) modeling approach. This approach involves estimating the pool average life and then using historical correlations of default and loss experience over time to calculate the lifetime PD and LGD. These two Each loan pool is adjusted for qualitative factors not Inherent risks in the loan portfolio will differ based on type of loan. Specific risk characteristics by loan portfolio segment are listed below: Commercial and industrial loans may may Real estate construction loans Real estate mortgage loans may Consumer loans The following table presents changes in the allowance for credit losses, and allowance for loan losses, segregated by loan type, for the three six June 30, 2021 June 30, 2020. Commercial, financial and Real estate - Real estate - agricultural construction mortgage Consumer Total (In Thousands) Three Months Ended June 30, 2021 Allowance for credit losses: Balance at March 31, 2021 $ 38,232 $ 19,391 $ 35,607 $ 1,676 $ 94,906 Charge-offs (150 ) - (59 ) (54 ) (263 ) Recoveries 298 2 62 13 375 Provision 4,053 3,020 2,920 (341 ) 9,652 Balance at June 30, 2021 $ 42,433 $ 22,413 $ 38,530 $ 1,294 $ 104,670 Three Months Ended June 30, 2020 Allowance for loan losses: Balance at March 31, 2020 $ 48,780 $ 3,757 $ 32,360 $ 517 $ 85,414 Charge-offs (1,358 ) (376 ) (2,520 ) (62 ) (4,316 ) Recoveries 84 1 13 28 126 Provision 480 1,149 8,546 108 10,283 Balance at June 30, 2020 $ 47,986 $ 4,531 $ 38,399 $ 591 $ 91,507 Six Months Ended June 30, 2021 Allowance for credit losses: Balance at December 31, 2020 $ 36,370 $ 16,057 $ 33,722 $ 1,793 $ 87,942 Charge-offs (627 ) - (71 ) (141 ) (839 ) Recoveries 324 52 64 24 464 Provision 6,366 6,304 4,815 (382 ) 17,103 Balance at June 30, 2021 $ 42,433 $ 22,413 $ 38,530 $ 1,294 $ 104,670 Six Months Ended June 30, 2020 Allowance for loan losses: Balance at December 31, 2019 $ 43,666 $ 2,768 $ 29,653 $ 497 $ 76,584 Charge-offs (3,998 ) (830 ) (4,198 ) (120 ) (9,146 ) Recoveries 146 2 14 40 202 Provision 8,172 2,591 12,930 174 23,867 Balance at June 30, 2020 $ 47,986 $ 4,531 $ 38,399 $ 591 $ 91,507 The following table details the allowance for loan losses and recorded investment in loans by impairment evaluation method as of June 30, 2020, 310 2016 13: Commercial, financial and Real estate - Real estate - agricultural construction mortgage Consumer Total (In Thousands) Allowance for loan losses: Individually Evaluated for Impairment $ 63,531 $ 616 $ 8,004 $ 9 $ 72,160 Collectively Evaluated for Impairment 3,435,096 543,970 4,203,758 60,391 8,243,215 Loans: Ending Balance $ 3,498,627 $ 544,586 $ 4,211,762 $ 60,400 $ 8,315,375 Individually Evaluated for Impairment 63,531 616 8,004 9 72,160 Collectively Evaluated for Impairment 3,435,096 543,970 4,203,758 60,391 8,243,215 We maintain an allowance for credit losses on unfunded lending commitments and letters of credit to provide for the risk of loss inherent in these arrangements. The allowance is computed using a methodology similar to that used to determine the allowance for credit losses for loans, modified to take into account the probability of a drawdown on the commitment. The allowance for credit losses on unfunded loan commitments is classified as a liability account on the balance sheet within other liabilities, while the corresponding provision for these credit losses is recorded as a component of other expense. The allowance for credit losses on unfunded commitments was $3.3 million at June 30, 2021 December 31, 2020. three six June 30, 2021 2020. January 1, 2020, 2020 not Loans that no Accounts ACL June 30, 2021 Real Estate Receivable Equipment Other Total Allocation (In Thousands) Commercial, financial and agricultural $ 13,994 $ 25,879 $ 17,006 $ 5,558 $ 62,437 $ 10,001 Real estate - construction 235 - - - 235 1 Real estate - mortgage: Owner-occupied commercial 1,199 714 - - 1,913 592 1-4 family mortgage 1,700 - - 25 1,725 67 Other mortgage 13,014 - - - 13,014 - Total real estate - mortgage 15,913 714 - 25 16,652 659 Consumer - - - - - - Total $ 30,142 $ 26,593 $ 17,006 $ 5,583 $ 79,324 $ 10,661 Accounts ACL December 31, 2020 Real Estate Receivable Equipment Other Total Allocation (In Thousands) Commercial, financial and agricultural $ 19,373 $ 27,952 $ 16,877 $ 4,594 $ 68,796 $ 7,142 Real estate - construction 235 - - - 235 1 Real estate - mortgage: Owner-occupied commercial 2,012 971 - 12 2,995 499 1-4 family mortgage 3,264 - - 24 3,288 48 Other mortgage 13,191 - - - 13,191 - Total real estate - mortgage 18,467 971 - 36 19,474 547 Consumer - - - - - - Total $ 38,075 $ 28,923 $ 16,877 $ 4,630 $ 88,505 $ 7,690 On March 22, 2020, may 19. 4013 March 1, 2020 December 31, 2020 60 19 April 2020 4013 December 27, 2020, 2021, 4013 January 1, 2022 60 19 19 not 180 June 30, 2021, 19 19 June 30, 2021. Troubled Debt Restructurings (“TDR”) at June 30, 2021, December 31, 2020 June 30, 2020 $2.9 June 30, 2021, December 31, 2020 June 30, 2020 June 30, 2021, December 31, 2020 June 30, 2020. three six June 30, 2021 June 30, 2020 Three Months Ended June 30, 2021 Six Months Ended June 30, 2021 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 2 $ 1,155 $ 1,155 2 $ 1,155 $ 1,155 Real estate - construction - - - - - - Real estate - mortgage: Owner-occupied commercial 1 991 991 1 991 991 1-4 family mortgage - - - - - - Other mortgage - - - - - - Total real estate mortgage 1 991 991 1 991 991 Consumer - - - - - - 3 $ 2,146 $ 2,146 3 $ 2,146 $ 2,146 Three Months Ended June 30, 2020 Six Months Ended June 30, 2020 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 $ 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 loans which were modified in the previous twelve twelve three six June 30, 2021 June 30, 2020, 90 |