Document And Entity Information
Document And Entity Information - shares | 6 Months Ended | |
Jun. 30, 2016 | Aug. 01, 2016 | |
Document Information [Line Items] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Jun. 30, 2016 | |
Document Fiscal Year Focus | 2,016 | |
Document Fiscal Period Focus | Q2 | |
Entity Registrant Name | Ameris Bancorp | |
Entity Central Index Key | 351,569 | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Large Accelerated Filer | |
Trading Symbol | ABCB | |
Entity Common Stock, Shares Outstanding | 34,873,100 |
CONSOLIDATED BALANCE SHEETS
CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 | Jun. 30, 2015 |
Assets | |||
Cash and due from banks | $ 116,255 | $ 118,518 | $ 115,413 |
Federal funds sold and interest-bearing accounts | 68,273 | 272,045 | 239,804 |
Investment securities available for sale, at fair value | 843,646 | 783,185 | 862,154 |
Other investments | 19,125 | 9,323 | 9,322 |
Mortgage loans held for sale, at fair value | 102,757 | 111,182 | 108,829 |
Loans, net of unearned income | 2,819,071 | 2,406,877 | 2,171,600 |
Purchased loans not covered by FDIC loss-share agreements (“purchased non-covered loans”) | 1,072,217 | 771,554 | 808,313 |
Purchased loan pools not covered by FDIC loss-share agreements (“purchased loan pools”) | 610,425 | 592,963 | 268,984 |
Purchased loans covered by FDIC loss-share agreements (“covered loans”) | 121,418 | 137,529 | 209,598 |
Less: allowance for loan losses | (21,734) | (21,062) | (21,658) |
Loans, net | 4,601,397 | 3,887,861 | 3,436,837 |
Other real estate owned, net | 13,765 | 16,147 | 22,567 |
Purchased, non-covered other real estate owned, net | 13,928 | 14,333 | 13,112 |
Covered other real estate owned, net | 2,742 | 5,011 | 12,626 |
Total other real estate owned, net | 30,435 | 35,491 | 48,305 |
Premises and equipment, net | 123,978 | 121,639 | 124,916 |
FDIC loss-share receivable, net | 0 | 6,301 | 14,957 |
Other intangible assets, net | 20,574 | 17,058 | 19,189 |
Goodwill | 121,422 | 90,082 | 87,367 |
Cash value of bank owned life insurance | 77,095 | 64,251 | 59,552 |
Other assets | 96,337 | 72,004 | 79,089 |
Total assets | 6,221,294 | 5,588,940 | 5,205,734 |
Liabilities | |||
Noninterest-bearing | 1,553,972 | 1,329,857 | 1,280,174 |
Interest-bearing | 3,625,560 | 3,549,433 | 3,231,373 |
Total deposits | 5,179,532 | 4,879,290 | 4,511,547 |
Securities sold under agreements to repurchase | 37,139 | 63,585 | 75,066 |
FDIC loss-share payable, net | 1,897 | 0 | 0 |
Other borrowings | 260,191 | 39,000 | 39,000 |
Other liabilities | 33,050 | 22,432 | 24,026 |
Subordinated deferrable interest debentures | 83,570 | 69,874 | 69,325 |
Total liabilities | 5,595,379 | 5,074,181 | 4,718,964 |
Stockholders’ Equity | |||
Preferred stock, stated value $1,000; 5,000,000 shares authorized; 0 shares issued and outstanding | 0 | 0 | 0 |
Common stock, par value $1; 100,000,000 shares authorized; 36,303,163; 33,625,162 and 33,608,866 issued | 36,303 | 33,625 | 33,609 |
Capital surplus | 408,549 | 337,349 | 336,212 |
Retained earnings | 181,701 | 152,820 | 126,265 |
Accumulated other comprehensive income | 12,960 | 3,353 | 3,072 |
Treasury stock, at cost, 1,455,852; 1,413,777 and 1,413,777 shares | (13,598) | (12,388) | (12,388) |
Total stockholders’ equity | 625,915 | 514,759 | 486,770 |
Total liabilities and stockholders’ equity | $ 6,221,294 | $ 5,588,940 | $ 5,205,734 |
CONSOLIDATED BALANCE SHEETS _Pa
CONSOLIDATED BALANCE SHEETS [Parenthetical] - $ / shares | Jun. 30, 2016 | Dec. 31, 2015 | Jun. 30, 2015 |
Preferred Stock, Par or Stated Value Per Share (in dollars per share) | $ 1,000 | $ 1,000 | $ 1,000 |
Preferred Stock, Shares Authorized | 5,000,000 | 5,000,000 | 5,000,000 |
Preferred Stock, Shares Issued | 0 | 0 | 0 |
Preferred Stock, Shares Outstanding | 0 | 0 | 0 |
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ 1 | $ 1 | $ 1 |
Common Stock, Shares Authorized | 100,000,000 | 100,000,000 | 100,000,000 |
Common Stock, Shares, Issued | 36,303,163 | 33,625,162 | 33,608,866 |
Treasury Stock, Shares | 1,455,852 | 1,413,777 | 1,413,777 |
CONSOLIDATED STATEMENTS OF EARN
CONSOLIDATED STATEMENTS OF EARNINGS AND COMPREHENSIVE INCOME/(LOSS) - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | |
Interest income | ||||
Interest and fees on loans | $ 54,164 | $ 39,838 | $ 103,355 | $ 78,456 |
Interest on taxable securities | 4,554 | 3,747 | 9,140 | 6,900 |
Interest on nontaxable securities | 454 | 462 | 900 | 931 |
Interest on deposits in other banks and federal funds sold | 168 | 182 | 504 | 310 |
Total interest income | 59,340 | 44,229 | 113,899 | 86,597 |
Interest expense | ||||
Interest on deposits | 2,915 | 2,264 | 5,656 | 4,544 |
Interest on other borrowings | 1,836 | 1,277 | 3,218 | 2,533 |
Total interest expense | 4,751 | 3,541 | 8,874 | 7,077 |
Net interest income | 54,589 | 40,688 | 105,025 | 79,520 |
Provision for loan losses | 889 | 2,656 | 1,570 | 3,725 |
Net interest income after provision for loan losses | 53,700 | 38,032 | 103,455 | 75,795 |
Noninterest income | ||||
Service charges on deposit accounts | 10,436 | 7,151 | 20,351 | 13,580 |
Mortgage banking activity | 14,142 | 9,727 | 24,353 | 17,810 |
Other service charges, commissions and fees | 967 | 829 | 2,078 | 1,497 |
Gain on sale of securities | 0 | 10 | 94 | 22 |
Other noninterest income | 2,834 | 2,909 | 5,789 | 5,292 |
Total noninterest income | 28,379 | 20,626 | 52,665 | 38,201 |
Noninterest expense | ||||
Salaries and employee benefits | 27,531 | 22,465 | 53,718 | 43,097 |
Occupancy and equipment expense | 6,371 | 4,809 | 12,071 | 9,363 |
Advertising and marketing expense | 854 | 833 | 1,659 | 1,474 |
Amortization of intangible assets | 1,319 | 630 | 2,339 | 1,260 |
Data processing and communications costs | 6,049 | 4,214 | 12,162 | 8,474 |
Credit resolution-related expenses | 1,764 | 11,240 | 3,563 | 14,401 |
Merger and conversion charges | 0 | 5,712 | 6,359 | 5,727 |
Other noninterest expenses | 8,471 | 6,961 | 16,088 | 13,895 |
Total noninterest expense | 52,359 | 56,864 | 107,959 | 97,691 |
Income before income tax expense | 29,720 | 1,794 | 48,161 | 16,305 |
Income tax expense | 9,671 | 486 | 15,795 | 5,233 |
Net income | 20,049 | 1,308 | 32,366 | 11,072 |
Other comprehensive income (loss) | ||||
Unrealized holding gains (losses) arising during period on investment securities available for sale, net of tax of $3,630, $1,901, $5,641 and $1,561 | 6,742 | (3,531) | 10,476 | (2,881) |
Reclassification adjustment for gains included in earnings, net of tax of $0, $3, $33 and $8 | 0 | (6) | (61) | (14) |
Unrealized gains (losses) on cash flow hedges arising during period, net of tax of $104, $138, $435 and $70 | (193) | 256 | (808) | (131) |
Other comprehensive income during the period | 6,549 | (3,281) | 9,607 | (3,026) |
Total comprehensive income (loss) | $ 26,598 | $ (1,973) | $ 41,973 | $ 8,046 |
Basic earnings per common share | $ 0.58 | $ 0.04 | $ 0.96 | $ 0.35 |
Diluted earnings per common share | 0.57 | 0.04 | 0.95 | 0.35 |
Dividends declared per common share | $ 0.05 | $ 0.05 | $ 0.1 | $ 0.1 |
Weighted average common shares outstanding | ||||
Basic | 34,833 | 32,184 | 33,792 | 31,318 |
Diluted | 35,153 | 32,520 | 34,107 | 31,653 |
CONSOLIDATED STATEMENTS OF EAR5
CONSOLIDATED STATEMENTS OF EARNINGS AND COMPREHENSIVE INCOME/(LOSS) [Parenthetical] - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | |
Unrealized holding gains arising during period on investment securities available for sale, net of tax | $ 3,630 | $ 1,901 | $ 5,641 | $ 1,561 |
Reclassification adjustment for gains included in earnings, net of tax | 0 | 3 | 33 | 8 |
Unrealized loss on cash flow hedges arising during period, net of tax | $ 104 | $ 138 | $ 435 | $ 70 |
CONSOLIDATED STATEMENTS OF CHAN
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands | Total | Common Stock [Member] | Capital Surplus [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Income, Net of Tax [Member]Available-for-sale Securities [Member] | Treasury Stock [Member] |
Balance at beginning of period at Dec. 31, 2014 | $ 28,159 | $ 225,015 | $ 118,412 | $ 6,098 | $ (11,656) | |
Balance at beginning of period, shares at Dec. 31, 2014 | 28,159,027 | 1,385,164 | ||||
Issuance of common stock | $ 5,320 | 109,569 | ||||
Issuance of common stock ,shares | 5,320,000 | |||||
Issuance of restricted shares | $ 71 | (71) | ||||
Issuance of restricted shares, shares | 71,000 | |||||
Cancellation of restricted shares | $ 0 | 0 | ||||
Cancellation of restricted shares, shares | 0 | |||||
Exercise of stock options | $ 59 | 939 | ||||
Exercise of stock options, shares | 58,839 | |||||
Stock-based compensation | 760 | |||||
Dividends on common shares | (3,219) | |||||
Purchase of treasury shares | $ (732) | |||||
Purchase of treasury shares,shares | 28,613 | |||||
Net income | $ 11,072 | 11,072 | ||||
Other comprehensive income during the period | (3,026) | (3,026) | ||||
Balance at end of period at Jun. 30, 2015 | 486,770 | $ 33,609 | 336,212 | 126,265 | 3,072 | $ (12,388) |
Balance at end of period, shares at Jun. 30, 2015 | 33,608,866 | 1,413,777 | ||||
Balance at beginning of period at Dec. 31, 2015 | 514,759 | $ 33,625 | 337,349 | 152,820 | 3,353 | $ (12,388) |
Balance at beginning of period, shares at Dec. 31, 2015 | 33,625,162 | 1,413,777 | ||||
Issuance of common stock | $ 2,549 | 69,906 | ||||
Issuance of common stock ,shares | 2,549,469 | |||||
Issuance of restricted shares | $ 111 | (111) | ||||
Issuance of restricted shares, shares | 110,653 | |||||
Cancellation of restricted shares | $ (3) | 3 | ||||
Cancellation of restricted shares, shares | (3,085) | |||||
Exercise of stock options | $ 21 | 393 | ||||
Exercise of stock options, shares | 20,964 | |||||
Stock-based compensation | 1,009 | |||||
Dividends on common shares | (3,485) | |||||
Purchase of treasury shares | $ (1,210) | |||||
Purchase of treasury shares,shares | 42,075 | |||||
Net income | 32,366 | 32,366 | ||||
Other comprehensive income during the period | 9,607 | 9,607 | ||||
Balance at end of period at Jun. 30, 2016 | $ 625,915 | $ 36,303 | $ 408,549 | $ 181,701 | $ 12,960 | $ (13,598) |
Balance at end of period, shares at Jun. 30, 2016 | 36,303,163 | 1,455,852 |
CONSOLIDATED STATEMENTS OF CHA7
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY [Parenthetical] - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2016 | Jun. 30, 2015 | |
Net issuance cost | $ 0 | $ 4,811 |
CONSOLIDATED STATEMENTS OF CASH
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | Dec. 31, 2015 | |
Cash flows from operating activities: | |||||
Net income | $ 20,049 | $ 1,308 | $ 32,366 | $ 11,072 | |
Adjustments reconciling net income to net cash provided by operating activities: | |||||
Depreciation | 4,631 | 3,950 | |||
Amortization of intangible assets | 1,319 | 630 | 2,339 | 1,260 | |
Net amortization of investment securities available for sale | 3,113 | 2,669 | |||
Net gains on securities available for sale | 0 | (10) | (94) | (22) | |
Stock based compensation expense | 1,009 | 760 | |||
Net losses on sale or disposal of premises and equipment | 574 | 98 | |||
Net write-downs and losses on sale of other real estate owned | 1,995 | 9,779 | |||
Provision for loan losses | 889 | 2,656 | 1,570 | 3,725 | $ 5,264 |
Accretion of discount on covered loans | (2,247) | (6,251) | |||
Accretion of discount on purchased non-covered loans | (6,597) | (5,388) | |||
Changes in FDIC loss-share receivable/payable, net of cash payments received | 4,033 | 3,855 | |||
Increase in cash surrender value of BOLI | (776) | (685) | |||
Originations of mortgage loans held for sale | (641,667) | (472,660) | |||
Payments received on mortgage loans held for sale | 644 | 0 | |||
Proceeds from sales of mortgage loans held for sale | 613,430 | 449,570 | |||
Net gains on sale of mortgage loans held for sale | (25,942) | (18,244) | |||
Originations of SBA loans | (33,079) | (26,684) | |||
Proceeds from sales of SBA loans | 18,067 | 20,539 | |||
Net gains on sale of SBA loans | (1,745) | (2,290) | |||
Change attributable to other operating activities | 12,335 | 7,683 | |||
Net cash provided by (used in) operating activities | (16,041) | (17,264) | |||
Cash flows from investing activities: | |||||
Purchase of securities available for sale | (90,556) | (230,226) | |||
Proceeds from maturities of securities available for sale | 56,262 | 36,544 | |||
Proceeds from sales of securities available for sale | 46,731 | 30,113 | 72,528 | ||
Decrease (increase) in other investments, net | (7,597) | 1,825 | |||
Net increase in loans, excluding purchased non-covered and covered loans | (336,554) | (257,665) | |||
Purchases of loan pools | (94,707) | (268,984) | |||
Payments received on purchased non-covered loans | 103,985 | 80,668 | |||
Payments received on purchased pool loans | 74,652 | 0 | |||
Payments received on covered loans | 16,881 | 42,103 | |||
Purchases of premises and equipment | (6,878) | (6,595) | |||
Proceeds from sales of premises and equipment | 161 | 217 | |||
Proceeds from sales of other real estate owned | 9,818 | 27,691 | |||
Payments received from FDIC under loss-share agreements | 4,165 | 12,539 | |||
Net cash proceeds received (paid) from acquisitions | (7,205) | 673,840 | |||
Net cash provided by (used in) investing activities | (230,842) | 142,070 | |||
Cash flows from financing activities: | |||||
Net increase (decrease) in deposits | (101,118) | 27,829 | |||
Net decrease in securities sold under agreements to repurchase | (26,446) | (39,832) | |||
Proceeds from other borrowings | 172,700 | 0 | |||
Repayment of other borrowings | (7) | (39,881) | |||
Dividends paid - common stock | (3,484) | (3,220) | |||
Purchase of treasury shares | (1,211) | (731) | |||
Issuance of common stock | 0 | 114,889 | |||
Proceeds from exercise of stock options | 414 | 998 | |||
Net cash provided by (used in) financing activities | 40,848 | 60,052 | |||
Net increase (decrease) in cash and cash equivalents | (206,035) | 184,858 | |||
Cash and cash equivalents at beginning of period | 390,563 | 170,359 | 170,359 | ||
Cash and cash equivalents at end of period | $ 184,528 | $ 355,217 | 184,528 | 355,217 | $ 390,563 |
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION | |||||
Cash paid during the year for: Interest | 8,801 | 7,220 | |||
Cash paid during the year for: Income taxes | 17,395 | 2,659 | |||
Loans (excluding purchased non-covered and covered loans) transferred to other real estate owned | 1,499 | 8,636 | |||
Purchased non-covered loans transferred to other real estate owned | 2,663 | 2,039 | |||
Covered loans transferred to other real estate owned | 757 | 6,534 | |||
Loans provided for the sales of other real estate owned | 905 | 1,948 | |||
Change in unrealized gain on securities available for sale, net of tax | 10,415 | (2,895) | |||
Change in unrealized loss on cash flow hedge (interest rate swap), net of tax | (808) | (131) | |||
Issuance of common stock in acquisitions | $ 72,455 | $ 0 |
BASIS OF PRESENTATION AND ACCOU
BASIS OF PRESENTATION AND ACCOUNTING POLICIES | 6 Months Ended |
Jun. 30, 2016 | |
Accounting Policies [Abstract] | |
BASIS OF PRESENTATION AND ACCOUNTING POLICIES | NOTE 1 BASIS OF PRESENTATION AND ACCOUNTING POLICIES Ameris Bancorp (the “Company” or “Ameris”) is a financial holding company headquartered in Moultrie, Georgia. Ameris conducts substantially all of its operations through its wholly owned banking subsidiary, Ameris Bank (the “Bank”). At June 30, 2016, the Bank operated 102 branches in select markets in Georgia, Alabama, Florida and South Carolina. Our business model capitalizes on the efficiencies of a large financial services company while still providing the community with the personalized banking service expected by our customers. We manage our Bank through a balance of decentralized management responsibilities and efficient centralized operating systems, products and loan underwriting standards. The Company’s Board of Directors and senior managers establish corporate policy, strategy and administrative policies. Within our established guidelines and policies, the banker closest to the customer responds to the differing needs and demands of his or her unique market. The accompanying unaudited consolidated financial statements for Ameris have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and Regulation S-X. Accordingly, the financial statements do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statement presentation. The interim consolidated financial statements included herein are unaudited but reflect all adjustments (consisting of normal recurring accruals) which, in the opinion of management, are necessary for a fair presentation of the consolidated financial position and results of operations for the interim periods presented. All significant intercompany accounts and transactions have been eliminated in consolidation. The results of operations for the period ended June 30, 2016 are not necessarily indicative of the results to be expected for the full year. These financial statements should be read in conjunction with the financial statements and notes thereto and the report of our registered independent public accounting firm included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2015. ASU 2016-13 - Financial InstrumentsCredit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments significantly changes how entities will measure credit losses for most financial assets and certain other instruments that are not measured at fair value through net income. The standard will replace the current incurred loss approach with an expected loss model, referred to as the current expected credit loss (“CECL”) model. The new standard will apply to financial assets subject to credit losses and measured at amortized cost and certain off-balance sheet credit exposures, which include, but are not limited to, loans, leases, held-to-maturity securities, loan commitments and financial guarantees. ASU 2016-13 simplifies the accounting for purchased credit-impaired debt securities and loans and expands the disclosure requirements regarding an entity’s assumptions, models and methods for estimating the allowance for loan and lease losses. In addition, entities will need to disclose the amortized cost balance for each class of financial asset by credit quality indicator, disaggregated by the year of origination. ASU 2016-13 is effective for interim and annual reporting periods beginning after December 15, 2019. Early adoption is permitted for interim and annual reporting periods beginning after December 15, 2018. ASU 2016-09 Improvements to Employee Share-Based Payment Accounting ASU 2016-02 Leases (Topic 842) ASU 2015-16 Business Combinations (Topic 805) - Simplifying the Accounting for Measurement-Period Adjustments ASU 2015-03 Interest Imputation of Interest ASU 2015-03 . It should be applied on a retrospective basis. The adoption of this standard did not have a material effect on the Company’s ASU 2015-02 “ Consolidation (Topic 810) - Amendments to the Consolidation Analysis . ASU 2015-01- Income Statement Extraordinary and Unusual Items eliminates the concept of extraordinary items by no longer allowing companies to segregate an extraordinary item from the results of operations, separately present an extraordinary item on the income statement, or disclose income taxes or earnings-per-share data applicable to an extraordinary item. ASU 2015-01 . The adoption of this standard did not have a material effect on the Company’s results of operations, financial position or disclosures. ASU 2014-09 Revenue from Contracts with Customers |
BUSINESS COMBINATIONS
BUSINESS COMBINATIONS | 6 Months Ended |
Jun. 30, 2016 | |
Business Combinations [Abstract] | |
BUSINESS COMBINATIONS | NOTE 2 BUSINESS COMBINATIONS Jacksonville Bancorp, Inc. On March 11, 2016, the Company completed its acquisition of Jacksonville Bancorp, Inc. (“JAXB”), a bank holding company headquartered in Jacksonville, Florida. Upon consummation of the acquisition, JAXB was merged with and into the Company, with Ameris as the surviving entity in the merger. At that time, JAXB’s wholly owned banking subsidiary, The Jacksonville Bank (“Jacksonville Bank”), was also merged with and into the Bank. The acquisition expanded the Company’s existing market presence, as Jacksonville Bank had a total of eight full-service branches located in Jacksonville and Jacksonville Beach, Duval County, Florida. Under the terms of the merger, JAXB ’s common shareholders received 0. . As a result, the Company issued 2,549,469 72.5 23.9 The acquisition of JAXB was accounted for using the acquisition method of accounting in accordance with FASB ASC 805, Business Combinations (Dollars in Thousands) As Recorded by Initial Fair As Recorded Assets Cash and cash equivalents $ 9,704 $ - $ 9,704 Federal funds sold and interest-bearing balances 7,027 - 7,027 Investment securities 60,836 (942) (a) 59,894 Other investments 2,458 - 2,458 Loans 416,831 (15,746) (b) 401,085 Less allowance for loan losses (12,613) 12,613 (c) - Loans, net 404,218 (3,133) 401,085 Other real estate owned 2,873 (1,035) (d) 1,838 Premises and equipment 4,798 - 4,798 Intangible assets 288 5,566 (e) 5,854 Other assets 14,141 23,266 (f) 37,407 Total assets $ 506,343 $ 23,722 $ 530,065 Liabilities Deposits: Noninterest-bearing $ 123,399 $ - $ 123,399 Interest-bearing 277,539 421 (g) 277,960 Total deposits 400,938 421 401,359 Other borrowings 48,350 84 (h) 48,434 Other liabilities 2,354 - 2,354 Subordinated deferrable interest debentures 16,294 (3,393) (i) 12,901 Total liabilities 467,936 (2,888) 465,048 Net identifiable assets acquired over (under) liabilities assumed 38,407 26,610 65,017 Goodwill - 31,375 31,375 Net assets acquired over (under) liabilities assumed $ 38,407 $ 57,985 $ 96,392 Consideration: Ameris Bancorp common shares issued 2,549,469 Purchase price per share of the Company's common stock $ 28.42 Company common stock issued 72,455 Cash exchanged for shares 23,937 Fair value of total consideration transferred $ 96,392 Explanation of fair value adjustments (a) Adjustment reflects the fair value adjustments of the portfolio of securities available for sale as of the acquisition date. (b) Adjustment reflects the fair value adjustments based on the Company’s evaluation of the acquired loan portfolio, net of the reversal of JAXB remaining fair value adjustments from their prior acquisitions. (c) Adjustment reflects the elimination of JAXB’s allowance for loan losses. (d) Adjustment reflects the fair value adjustment based on the Company’s evaluation of the acquired OREO portfolio, which is based largely on contracted sale prices. (e) Adjustment reflects the recording of core deposit intangible on the acquired core deposit accounts. (f) Adjustment reflects the deferred taxes on the difference in the carrying values of acquired assets and assumed liabilities for financial reporting purposes and their basis for federal income tax purposes and the reversal of JAXB valuation allowance established on their deferred tax assets. (g) Adjustment reflects the fair value adjustments based on the Company’s evaluation of the acquired deposits. (h) Adjustment reflects the fair value adjustments based on the Company’s evaluation of the liability for other borrowings. (i) Adjustment reflects the fair value adjustment to the subordinated deferrable interest debentures at the acquisition date, net of the reversal of JAXB remaining fair value adjustments from their prior acquisitions. Goodwill of $ 31.4 In the acquisition, the Company purchased $ 401.1 15.7 3.78 28.3 purchased credit impaired loans. Contractually required principal and interest payments have been adjusted for estimated (Dollars in Thousands) Contractually required principal and interest $ 42,314 Non-accretable difference (7,877) Cash flows expected to be collected 34,437 Accretable yield (6,182) Total purchased credit-impaired loans acquired $ 28,255 Fair Value of Gross Best Estimate (Dollars in Thousands) Acquired receivables subject to ASC 310-30 $ 28,255 $ 42,314 $ 7,877 Acquired receivables not subject to ASC 310-30 $ 372,830 $ 488,346 $ - Branch Acquisition On June 12, 2015, the Company completed its acquisition of 18 20.0 3.00 15 4.0 10.7 The acquisition of the 18 branches was accounted for using the acquisition method of accounting in accordance with FASB ASC 805, Business Combinations (Dollars in Thousands) As Recorded by Initial Fair Value Subsequent As Recorded Assets Cash and cash equivalents $ 630,220 $ - $ - $ 630,220 Loans 4,363 - (364) (d) 3,999 Premises and equipment 10,348 1,060 (a) (755) (e) 10,653 Intangible assets - 7,651 (b) 985 (f) 8,636 Other assets 126 - - 126 Total assets $ 645,057 $ 8,711 $ (134) $ 653,634 Liabilities Deposits: Noninterest-bearing $ 149,854 $ - $ - $ 149,854 Interest-bearing 495,110 (215) (c) - 494,895 Total deposits 644,964 (215) - 644,749 Other liabilities 93 - - 93 Total liabilities 645,057 (215) - 644,842 Net identifiable assets acquired over (under) liabilities assumed - 8,926 (134) 8,792 Goodwill - 11,076 134 11,210 Net assets acquired over (under) liabilities assumed $ - $ 20,002 $ - $ 20,002 Consideration: Cash paid as deposit premium $ 20,002 Fair value of total consideration transferred $ 20,002 Explanation of fair value adjustments (a) Adjustment reflects the fair value adjustments of the premises and equipment as of the acquisition date. (b) Adjustment reflects the recording of core deposit intangible on the acquired core deposit accounts. (c) Adjustment reflects the fair value adjustments based on the Company’s evaluation of the acquired deposits. (d) Adjustment reflects the fair value adjustments based on the Company’s evaluation of the acquired loan portfolio. (e) Adjustment reflects additional recording of fair value adjustment of the premises and equipment. (f) Adjustment reflects additional recording of core deposit intangible on the acquired core deposit accounts. Goodwill of $ 11.2 In the acquisition, the Company purchased $ 4.0 364,000 Merchants & Southern Banks of Florida, Incorporated On May 22, 2015, the Company completed its acquisition of all shares of the outstanding common stock of Merchants & Southern Banks of Florida, Incorporated (“Merchants”), a bank holding company headquartered in Gainesville, Florida, for a total purchase price of $ 50,000,000 13 The acquisition of Merchants was accounted for using the acquisition method of accounting in accordance with FASB ASC 805, Business Combinations The following table presents the assets acquired and liabilities of Merchants assumed as of May 22, 2015 and their fair value estimates. (Dollars in Thousands) As Recorded by Initial Fair Subsequent As Recorded Assets Cash and cash equivalents $ 7,527 $ - $ - $ 7,527 Federal funds sold and interest-bearing balances 106,188 - - 106,188 Investment securities 164,421 (533) (a) (639) (j) 163,229 Other investments 872 - (253) (k) 619 Loans 199,955 (8,500) (b) 91 (o) 191,546 Less allowance for loan losses (3,354) 3,354 (c) - - Loans, net 196,601 (5,146) 91 191,546 Other real estate owned 4,082 (1,115) (d) - 2,967 Premises and equipment 14,614 (3,680) (e) - 10,934 Intangible assets - 4,577 (f) (634) (l) 3,943 Other assets 2,333 2,335 (g) (1,109) (m) 3,559 Total assets $ 496,638 $ (3,582) $ (2,544) $ 490,512 Liabilities Deposits: Noninterest-bearing $ 121,708 $ - $ - $ 121,708 Interest-bearing 286,112 - 41,588 (n) 327,700 Total deposits 407,820 - 41,588 449,408 Federal funds purchased and securities sold under agreements to repurchase 41,588 - (41,588) (n) - Other liabilities 2,151 81 (h) - 2,232 Subordinated deferrable interest debentures 6,186 (2,680) (i) - 3,506 Total liabilities 457,745 (2,599) - 455,146 Net identifiable assets acquired over (under) liabilities assumed 38,893 (983) (2,544) 35,366 Goodwill - 12,090 2,544 14,634 Net assets acquired over (under) liabilities assumed $ 38,893 $ 11,107 $ - $ 50,000 Consideration: Cash exchanged for shares $ 50,000 Fair value of total consideration transferred $ 50,000 Explanation of fair value adjustments (a) Adjustment reflects the fair value adjustments of the portfolio of securities available for sale as of the acquisition date. (b) Adjustment reflects the fair value adjustments based on the Company’s evaluation of the acquired loan portfolio. (c) Adjustment reflects the elimination of Merchants’ allowance for loan losses. (d) Adjustment reflects the fair value adjustment based on the Company’s evaluation of the acquired OREO portfolio. (e) Adjustment reflects the fair value adjustment based on the Company’s evaluation of the acquired premises. (f) Adjustment reflects the recording of core deposit intangible on the acquired core deposit accounts. (g) Adjustment reflects the deferred taxes on the difference in the carrying values of acquired assets and assumed liabilities for financial reporting purposes and their basis for federal income tax purposes. (h) Adjustment reflects the fair value adjustments based on the Company’s evaluation of interest rate swap liabilities. (i) Adjustment reflects the fair value adjustment to the subordinated deferrable interest debentures at the acquisition date. (j) Adjustment reflects the additional fair value adjustments of the portfolio of securities available for sale as of the acquisition date. (k) Adjustment reflects the fair value adjustments of other investments as of the acquisition date. (l) Adjustment reflects adjustment to the core deposit intangible on the acquired core deposit accounts. (m) Adjustment reflects the additional deferred taxes on the difference in the carrying values of acquired assets and assumed liabilities for financial reporting purposes and their basis for federal income tax purposes. (n) Subsequent to acquisition, the acquired securities sold under agreements to repurchase were converted to deposit accounts and are no longer reported as securities sold under agreements to repurchase on the Consolidated Balance Sheet as of December 31, 2015. (o) Adjustment reflects additional recording of fair value adjustment of the acquired loan portfolio. Goodwill of $ 14.6 In the acquisition, the Company purchased $ 191.5 8.4 4.21 11.2 (Dollars in Thousands) Contractually required principal and interest $ 17,201 Non-accretable difference (2,712) Cash flows expected to be collected 14,489 Accretable yield (3,254) Total purchased credit-impaired loans acquired $ 11,235 Fair Value of Gross Best Estimate (Dollars in Thousands) Acquired receivables subject to ASC 310-30 $ 11,235 $ 14,086 $ 2,712 Acquired receivables not subject to ASC 310-30 $ 180,311 $ 184,906 $ - The results of operations of JAXB and Merchants subsequent to the respective acquisition dates are included in the Company’s consolidated statements of operations. Three Months Ended Six Months Ended 2016 2015 2016 2015 Net interest income and noninterest income $ 82,968 $ 66,635 $ 161,766 $ 127,924 Net income $ 20,049 $ 5,086 $ 33,101 $ 16,178 Net income available to common stockholders $ 20,049 $ 5,086 $ 33,101 $ 16,178 Income per common share available to common stockholders basic $ 0.58 $ 0.15 $ 0.95 $ 0.48 Income per common share available to common stockholders diluted $ 0.57 $ 0.15 $ 0.94 $ 0.47 Average number of shares outstanding, basic 34,833 34,734 34,786 33,867 Average number of shares outstanding, diluted 35,153 35,069 35,101 34,202 (Dollars in Thousands) June 30, December 31, June 30, Balance, January 1 $ 771,554 $ 674,239 $ 674,239 Charge-offs, net of recoveries (461) (991) (470) Additions due to acquisitions 401,085 195,818 195,818 Accretion 6,597 10,590 5,388 Transfers to purchased non-covered other real estate owned (2,663) (4,473) (2,039) Transfer from covered loans due to loss-share expiration - 50,568 15,462 Payments received (103,985) (154,666) (80,085) Other 90 469 - Ending balance $ 1,072,217 $ 771,554 $ 808,313 (Dollars in Thousands) June 30, December 31, June 30, Balance, January 1 $ 24,785 $ 25,716 $ 25,716 Additions due to acquisitions 9,991 5,788 4,686 Accretion (6,597) (10,590) (5,388) Transfer from covered loans due to loss-share expiration - 1,665 - Accretable discounts removed due to charge-offs (11) (1,768) (1,685) Transfers between non-accretable and accretable discounts, net 1,914 3,974 (1,007) Ending balance $ 30,082 $ 24,785 $ 22,322 |
INVESTMENT SECURITIES
INVESTMENT SECURITIES | 6 Months Ended |
Jun. 30, 2016 | |
Investments, Debt and Equity Securities [Abstract] | |
INVESTMENT SECURITIES | NOTE 3 INVESTMENT SECURITIES The Company’s investment policy blends the Company’s liquidity needs and interest rate risk management with its desire to increase income and provide funds for expected growth in loans. The investment securities portfolio consists primarily of U.S. government-sponsored mortgage-backed securities and agencies, state, county and municipal securities and corporate debt securities. The Company’s portfolio and investing philosophy concentrate activities in obligations where the credit risk is limited. For the small portion of the Company’s portfolio found to present credit risk, the Company has reviewed the investments and financial performance of the obligors and believes the credit risk to be acceptable. Amortized Gross Gross Fair (Dollars in Thousands) June 30, 2016: U.S. government agencies $ 5,999 $ 38 $ - $ 6,037 State, county and municipal securities 151,504 6,936 (54) 158,386 Corporate debt securities 20,151 174 (22) 20,303 Mortgage-backed securities 645,045 14,053 (178) 658,920 Total debt securities $ 822,699 $ 21,201 $ (254) $ 843,646 December 31, 2015: U.S. government agencies $ 14,959 $ - $ (69) $ 14,890 State, county and municipal securities 157,681 4,046 (411) 161,316 Corporate debt securities 5,900 145 (28) 6,017 Mortgage-backed securities 599,721 3,945 (2,704) 600,962 Total debt securities $ 778,261 $ 8,136 $ (3,212) $ 783,185 June 30, 2015: U.S. government agencies $ 14,956 $ - $ (210) $ 14,746 State, county and municipal securities 165,070 3,305 (1,003) 167,372 Corporate debt securities 12,710 184 (58) 12,836 Mortgage-backed securities 665,274 4,948 (3,022) 667,200 Total debt securities $ 858,010 $ 8,437 $ (4,293) $ 862,154 Amortized Fair (Dollars in Thousands) Due in one year or less $ 4,829 $ 4,875 Due from one year to five years 60,389 62,119 Due from five to ten years 52,279 55,280 Due after ten years 60,157 62,452 Mortgage-backed securities 645,045 658,920 $ 822,699 $ 843,646 Securities with a carrying value of approximately $ 473.6 551.0 323.9 Less Than 12 Months 12 Months or More Total Description of Securities Fair Unrealized Fair Unrealized Fair Unrealized (Dollars in Thousands) June 30, 2016: U.S. government agencies $ - $ - $ - $ - $ - $ - State, county and municipal securities - - 3,862 (54) 3,862 (54) Corporate debt securities 5,683 (22) - - 5,683 (22) Mortgage-backed securities 30,187 (128) 9,411 (50) 39,598 (178) Total debt securities $ 35,870 $ (150) $ 13,273 $ (104) $ 49,143 $ (254) December 31, 2015: U.S. government agencies $ 9,932 $ (27) $ 4,958 $ (42) $ 14,890 $ (69) State, county and municipal securities 19,293 (199) 11,557 (212) 30,850 (411) Corporate debt securities 1,383 (28) - - 1,383 (28) Mortgage-backed securities 263,281 (1,950) 29,950 (754) 293,231 (2,704) Total debt securities $ 293,889 $ (2,204) $ 46,465 $ (1,008) $ 340,354 $ (3,212) June 30, 2015: U.S. government agencies $ 9,818 $ (138) $ 4,928 $ (72) $ 14,746 $ (210) State, county and municipal securities 50,294 (680) 10,404 (323) 60,698 (1,003) Corporate debt securities 7,149 (58) - - 7,149 (58) Mortgage-backed securities 238,174 (2,046) 30,672 (976) 268,846 (3,022) Total debt securities $ 305,435 $ (2,922) $ 46,004 $ (1,371) $ 351,439 $ (4,293) As of June 30, 2016, the Company’s securities portfolio consisted of 408 19 At June 30, 2016, the Company held 14 At June 30, 2016, the Company held two state, county and municipal securities and three corporate debt securities that were in an unrealized loss position. Because the decline in fair value is attributable to changes in interest rates, and not credit quality, and because the Company does not have the intent to sell these securities and it is likely that it will not be required to sell the securities before their anticipated recovery, the Company does not consider these securities to be other-than-temporarily impaired at June 30, 2016. During the first six months of 2016 and 2015, the Company received timely and current interest and principal payments on all of the securities classified as corporate debt securities, except for one security that began deferring interest during the fourth quarter of 2010. The Company’s investments in subordinated debt include investments in regional and super-regional banks on which the Company prepares regular analysis through review of financial information and credit ratings. Investments in preferred securities are also concentrated in the preferred obligations of regional and super-regional banks through non-pooled investment structures. The Company did not have investments in “pooled” trust preferred securities at June 30, 2016, December 31, 2015 or June 30, 2015. Management and the Company’s Asset and Liability Committee (the “ALCO Committee”) evaluate securities for other-than-temporary impairment at least on a quarterly basis, and more frequently when economic or market conditions warrant such evaluation. While the majority of the unrealized losses on debt securities relate to changes in interest rates, corporate debt securities have also been affected by reduced levels of liquidity and higher risk premiums. Occasionally, management engages independent third parties to evaluate the Company’s position in certain corporate debt securities to aid management and the ALCO Committee in its determination regarding the status of impairment. The Company believes that each investment poses minimal credit risk and further, that the Company does not intend to sell these investment securities at an unrealized loss position at June 30, 2016, and it is more likely than not that the Company will not be required to sell these securities prior to recovery or maturity. Therefore, at June 30, 2016, these investments are not considered impaired on an other-than-temporary basis. At June 30, 2016, December 31, 2015 and June 30, 2015, all of the Company’s mortgage-backed securities were obligations of government-sponsored agencies. June 30, 2016 December 31, 2015 June 30, 2015 (Dollars in Thousands) Gross gains on sales of securities $ 313 $ 396 $ 41 Gross losses on sales of securities (219) (259) (19) Net realized gains on sales of securities available for sale $ 94 $ 137 $ 22 Sales proceeds $ 46,731 $ 72,528 $ 30,113 |
LOANS
LOANS | 6 Months Ended |
Jun. 30, 2016 | |
Receivables [Abstract] | |
LOANS AND ALLOWANCE FOR LOAN LOSSES | NOTE 4 LOANS The Bank engages in a full complement of lending activities, including real estate-related loans, agriculture-related loans, commercial and financial loans and consumer installment loans within select markets in Georgia, Alabama, Florida and South Carolina. The Bank also purchased loan pools during 2015 and 2016 collateralized by properties located outside our Southeast markets, specifically in California, Washington and Illinois. The Bank concentrates the majority of its lending activities in real estate loans. While risk of loss in the Company’s portfolio is primarily tied to the credit quality of the various borrowers, risk of loss may increase due to factors beyond the Company’s control, such as local, regional and/or national economic downturns. General conditions in the real estate market may also impact the relative risk in the real estate portfolio. A substantial portion of the Bank’s loans are secured by real estate in the Bank’s primary market area. In addition, a substantial portion of the OREO is located in those same markets. Accordingly, the ultimate collectability of a substantial portion of the Bank’s loan portfolio and the recovery of a substantial portion of the carrying amount of OREO are susceptible to changes in real estate conditions in the Bank’s primary market area. Commercial, financial and agricultural loans include both secured and unsecured loans for working capital, expansion, crop production, and other business purposes, including SBA guaranteed loans. Short-term working capital loans are secured by non-real estate collateral such as accounts receivable, crops, inventory and equipment. The Bank evaluates the financial strength, cash flow, management, credit history of the borrower and the quality of the collateral securing the loan. The Bank often requires personal guarantees and secondary sources of repayment on commercial, financial and agricultural loans. Real estate loans include construction and development loans, commercial and farmland loans and residential loans. Construction and development loans include loans for the development of residential neighborhoods, one-to-four family home residential construction loans to builders and consumers, and commercial real estate construction loans, primarily for owner-occupied properties. The Company limits its construction lending risk through adherence to established underwriting procedures. Commercial real estate loans include loans secured by owner-occupied commercial buildings for office, storage, retail, farmland and warehouse space. They also include non-owner occupied commercial buildings such as leased retail and office space. Commercial real estate loans may be larger in size and may involve a greater degree of risk than one-to-four family residential mortgage loans. Payments on such loans are often dependent on successful operation or management of the properties. Residential loans represent permanent mortgage financing and are secured by residential properties located within the Bank's market areas, along with warehouse lines of credit secured by residential mortgages. Consumer installment loans and other loans include automobile loans, boat and recreational vehicle financing, and secured and unsecured personal loans. Consumer loans carry greater risks than other loans, as the collateral can consist of rapidly depreciating assets such as automobiles and equipment that may not provide an adequate source of repayment of the loan in the case of default. Loans are stated at unpaid balances, net of unearned income and deferred loan fees. (Dollars in Thousands) June 30, December 31, June 30, Commercial, financial and agricultural $ 564,343 $ 449,623 $ 373,202 Real estate construction and development 274,717 244,693 205,019 Real estate commercial and farmland 1,248,580 1,104,991 1,010,195 Real estate residential 680,233 570,430 537,201 Consumer installment 33,245 31,125 30,080 Other 17,953 6,015 15,903 $ 2,819,071 $ 2,406,877 $ 2,171,600 Purchased non-covered loans are defined as loans that were acquired in bank acquisitions that are not covered by a loss-sharing agreement with the Federal Deposit Insurance Corporation (the “FDIC”). Purchased non-covered loans totaling $ 1.1 771.6 808.3 (Dollars in Thousands) June 30, December 31, June 30, Commercial, financial and agricultural $ 101,803 $ 45,462 $ 45,337 Real estate construction and development 89,096 72,080 75,302 Real estate commercial and farmland 574,830 390,755 404,588 Real estate residential 300,898 258,153 276,798 Consumer installment 5,590 5,104 6,288 $ 1,072,217 $ 771,554 $ 808,313 Purchased loan pools are defined as groups of loans that were not acquired in bank acquisitions or FDIC-assisted transactions. As of June 30, 2016, purchased loan pools totaled $ 610.4 599.9 10.5 593.0 580.7 12.3 269.0 263.8 5.2 864,000 1.2 581,000 Covered loans are defined as loans that were acquired in FDIC-assisted transactions that are covered by a loss-sharing agreement with the FDIC. Covered loans totaling $ 121.4 137.5 209.6 Covered loans are shown below according to loan type as of the end of the periods shown: (Dollars in Thousands) June 30, December 31, June 30, Commercial, financial and agricultural $ 1,604 $ 5,546 $ 17,666 Real estate construction and development 7,168 7,612 15,002 Real estate commercial and farmland 65,091 71,226 111,772 Real estate residential 47,455 53,038 64,982 Consumer installment 100 107 176 $ 121,418 $ 137,529 $ 209,598 Nonaccrual and Past-Due Loans A loan is placed on nonaccrual status when, in management’s judgment, the collection of the interest income appears doubtful. Interest receivable that has been accrued and is subsequently determined to have doubtful collectability is charged against interest income. Interest on loans that are classified as nonaccrual is subsequently applied to principal until the loans are returned to accrual status. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. Past-due loans are loans whose principal or interest is past due 30 days or more. In some cases, where borrowers are experiencing financial difficulties, loans may be restructured to provide terms significantly different from the original contractual terms. (Dollars in Thousands) June 30, December 31, June 30, Commercial, financial and agricultural $ 1,829 $ 1,302 $ 4,067 Real estate construction and development 1,588 1,812 1,594 Real estate commercial and farmland 6,732 7,019 8,938 Real estate residential 5,434 6,278 5,650 Consumer installment 420 449 491 $ 16,003 $ 16,860 $ 20,740 (Dollars in Thousands) June 30, December 31, June 30, Commercial, financial and agricultural $ 673 $ 1,064 $ 309 Real estate construction and development 1,160 1,106 1,483 Real estate commercial and farmland 7,065 4,920 9,634 Real estate residential 6,830 6,168 5,930 Consumer installment 39 72 88 $ 15,767 $ 13,330 $ 17,444 (Dollars in Thousands) June 30, December 31, June 30, Commercial, financial and agricultural $ 127 $ 2,803 $ 7,948 Real estate construction and development 1,600 1,701 3,120 Real estate commercial and farmland 5,110 5,034 13,997 Real estate residential 4,100 3,663 3,712 Consumer installment 32 37 94 $ 10,969 $ 13,238 $ 28,871 The following table presents an analysis of past-due loans, excluding purchased non-covered and covered past-due loans as of June 30, 2016, December 31, 2015 and June 30, 2015: Loans Loans Loans 90 Total Current Total Loans 90 (Dollars in Thousands) As of June 30, 2016: Commercial, financial & agricultural $ 845 $ 297 $ 1,700 $ 2,842 $ 561,501 $ 564,343 $ - Real estate construction & development 355 153 1,527 2,035 272,682 274,717 - Real estate commercial & farmland 2,675 724 5,257 8,656 1,239,924 1,248,580 - Real estate residential 3,430 1,776 4,243 9,449 670,784 680,233 - Consumer installment loans 325 123 246 694 32,551 33,245 - Other - - - - 17,953 17,953 - Total $ 7,630 $ 3,073 $ 12,973 $ 23,676 $ 2,795,395 $ 2,819,071 $ - Loans Loans Loans 90 Total Current Total Loans 90 (Dollars in Thousands) As of December 30, 2015: Commercial, financial & agricultural $ 568 $ 271 $ 835 $ 1,674 $ 447,949 $ 449,623 $ - Real estate construction & development 1,413 261 1,739 3,413 241,280 244,693 - Real estate commercial & farmland 1,781 641 6,912 9,334 1,095,657 1,104,991 - Real estate residential 3,806 2,120 5,121 11,047 559,383 570,430 - Consumer installment loans 374 188 238 800 30,325 31,125 - Other - - - - 6,015 6,015 - Total $ 7,942 $ 3,481 $ 14,845 $ 26,268 $ 2,380,609 $ 2,406,877 $ - Loans Loans Loans 90 Total Current Total Loans 90 (Dollars in Thousands) As of June 30, 2015: Commercial, financial & agricultural $ 840 $ 888 $ 3,891 $ 5,619 $ 367,583 $ 373,202 $ - Real estate construction & development 1,201 374 1,536 3,111 201,908 205,019 - Real estate commercial & farmland 1,958 2,823 7,014 11,795 998,400 1,010,195 - Real estate residential 5,135 1,949 4,727 11,811 525,390 537,201 - Consumer installment loans 293 77 315 685 29,395 30,080 - Other - - - - 15,903 15,903 - Total $ 9,427 $ 6,111 $ 17,483 $ 33,021 $ 2,138,579 $ 2,171,600 $ - Loans Loans Loans 90 Total Current Total Loans 90 (Dollars in Thousands) As of June 30, 2016: Commercial, financial & agricultural $ 106 $ 134 $ 501 $ 741 $ 101,062 $ 101,803 $ - Real estate construction & development 764 41 789 1,594 87,502 89,096 - Real estate commercial & farmland 2,177 1,799 6,929 10,905 563,925 574,830 - Real estate residential 4,307 1,487 5,433 11,227 289,671 300,898 - Consumer installment loans 9 - 38 47 5,543 5,590 - Total $ 7,363 $ 3,461 $ 13,690 $ 24,514 $ 1,047,703 $ 1,072,217 $ - Loans Loans Loans 90 Total Current Total Loans 90 (Dollars in Thousands) As of December 30, 2015: Commercial, financial & agricultural $ 248 $ 13 $ 846 $ 1,107 $ 44,355 $ 45,462 $ - Real estate construction & development 416 687 420 1,523 70,557 72,080 - Real estate commercial & farmland 2,479 1,629 3,347 7,455 383,300 390,755 - Real estate residential 4,965 2,176 4,928 12,069 246,084 258,153 - Consumer installment loans 31 9 70 110 4,994 5,104 - Total $ 8,139 $ 4,514 $ 9,611 $ 22,264 $ 749,290 $ 771,554 $ - Loans Loans Loans 90 Total Current Total Loans 90 (Dollars in Thousands) As of June 30, 2015: Commercial, financial & agricultural $ - $ 1,101 $ 202 $ 1,303 $ 44,034 $ 45,337 $ - Real estate construction & development 245 - 1,026 1,271 74,031 75,302 - Real estate commercial & farmland 2,115 724 9,062 11,901 392,687 404,588 - Real estate residential 3,848 1,400 5,369 10,617 266,181 276,798 - Consumer installment loans 6 - 84 90 6,198 6,288 - Total $ 6,214 $ 3,225 $ 15,743 $ 25,182 $ 783,131 $ 808,313 $ - Loans Loans Loans 90 Total Current Total Loans 90 (Dollars in Thousands) As of June 30, 2016: Commercial, financial & agricultural $ 1 $ 76 $ 51 $ 128 $ 1,476 $ 1,604 $ - Real estate construction & development 108 3 1,537 1,648 5,520 7,168 - Real estate commercial & farmland 157 - 2,066 2,223 62,868 65,091 - Real estate residential 1,773 836 2,672 5,281 42,174 47,455 - Consumer installment loans - - 32 32 68 100 - Total $ 2,039 $ 915 $ 6,358 $ 9,312 $ 112,106 $ 121,418 $ - Loans Loans Loans 90 Total Current Total Loans 90 (Dollars in Thousands) As of December 30, 2015: Commercial, financial & agricultural $ - $ - $ 2,802 $ 2,802 $ 2,744 $ 5,546 $ - Real estate construction & development 96 - 1,633 1,729 5,883 7,612 - Real estate commercial & farmland 170 205 3,064 3,439 67,787 71,226 - Real estate residential 2,155 1,001 2,658 5,814 47,224 53,038 - Consumer installment loans - - 37 37 70 107 - Total $ 2,421 $ 1,206 $ 10,194 $ 13,821 $ 123,708 $ 137,529 $ - Loans Loans Loans 90 Total Current Total Loans 90 (Dollars in Thousands) As of June 30, 2015: Commercial, financial & agricultural $ 237 $ 240 $ 1,670 $ 2,147 $ 15,519 $ 17,666 $ - Real estate construction & development 292 31 3,045 3,368 11,634 15,002 143 Real estate commercial & farmland 699 81 9,396 10,176 101,596 111,772 - Real estate residential 2,690 927 2,122 5,739 59,243 64,982 - Consumer installment loans - - 50 50 126 176 - Total $ 3,918 $ 1,279 $ 16,283 $ 21,480 $ 188,118 $ 209,598 $ 143 Impaired Loans 100,000 100,000 As of and For the Period Ended June 30, December 31, June 30, (Dollars in Thousands) Nonaccrual loans $ 16,003 $ 16,860 $ 20,740 Troubled debt restructurings not included above 14,795 14,418 12,467 Total impaired loans $ 30,798 $ 31,278 $ 33,207 Quarter-to-date interest income recognized on impaired loans $ 238 $ 274 $ 192 Year-to-date interest income recognized on impaired loans $ 556 $ 909 $ 344 Quarter-to-date foregone interest income on impaired loans $ 230 $ 265 $ 311 Year-to-date foregone interest income on impaired loans $ 471 $ 1,204 $ 629 The following table presents an analysis of information pertaining to impaired loans, excluding purchased non-covered and covered loans as of June 30, 2016, December 31, 2015 and June 30, 2015: Unpaid Recorded Recorded Total Related Three Six Month (Dollars in Thousands) As of June 30, 2016: Commercial, financial & agricultural $ 3,786 $ 652 $ 1,453 $ 2,105 $ 150 $ 1,825 $ 1,731 Real estate construction & development 3,141 230 1,826 2,056 697 2,154 2,304 Real estate commercial & farmland 13,592 5,312 7,221 12,533 1,000 12,772 12,777 Real estate residential 14,460 1,329 12,331 13,660 2,369 13,249 13,450 Consumer installment loans 531 - 444 444 8 441 458 Total $ 35,510 $ 7,523 $ 23,275 $ 30,798 $ 4,224 $ 30,441 $ 30,720 Unpaid Recorded Recorded Total Related Three Twelve (Dollars in Thousands) As of December 31, 2015: Commercial, financial & agricultural $ 3,062 $ 158 $ 1,385 $ 1,543 $ 135 $ 1,887 $ 2,275 Real estate construction & development 3,581 230 2,374 2,604 774 2,598 3,228 Real estate commercial & farmland 14,385 6,702 6,083 12,785 1,067 15,074 15,105 Real estate residential 15,809 1,621 12,230 13,851 2,224 11,935 11,977 Consumer installment loans 592 - 495 495 9 461 488 Total $ 37,429 $ 8,711 $ 22,567 $ 31,278 $ 4,209 $ 31,955 $ 33,073 Unpaid Recorded Recorded Total Related Three Six Month (Dollars in Thousands) As of June 30, 2015: Commercial, financial & agricultural $ 6,004 $ 442 $ 3,903 $ 4,345 $ 458 $ 2,819 $ 2,533 Real estate construction & development 3,765 - 2,416 2,416 445 3,245 3,648 Real estate commercial & farmland 18,117 5,960 9,595 15,555 1,243 15,378 15,125 Real estate residential 11,743 1,153 9,199 10,352 1,825 11,555 12,006 Consumer installment loans 633 - 539 539 8 494 507 Total $ 40,262 $ 7,555 $ 25,652 $ 33,207 $ 3,979 $ 33,491 $ 33,819 The following is a summary of information pertaining to purchased non-covered impaired loans: As of and For the Period Ended June 30, December 31, June 30, (Dollars in Thousands) Nonaccrual loans $ 15,767 $ 13,330 $ 17,444 Troubled debt restructurings not included above 9,053 9,373 6,792 Total impaired loans $ 24,820 $ 22,703 $ 24,236 Quarter-to-date interest income recognized on impaired loans $ 189 $ 442 $ 143 Year-to-date interest income recognized on impaired loans $ 546 $ 785 $ 161 Quarter-to-date foregone interest income on impaired loans $ 264 $ 245 $ 451 Year-to-date foregone interest income on impaired loans $ 620 $ 1,365 $ 923 The following table presents an analysis of information pertaining to purchased non-covered impaired loans as of June 30, 2016, December 31, 2015 and June 30, 2015: Unpaid Recorded Recorded Total Related Three Six Month (Dollars in Thousands) As of June 30, 2016: Commercial, financial & agricultural $ 2,662 $ 675 $ - $ 675 $ - $ 669 $ 801 Real estate construction & development 3,241 340 1,340 1,680 142 1,905 1,759 Real estate commercial & farmland 16,678 2,075 10,908 12,983 492 15,078 13,764 Real estate residential 11,891 7,269 2,170 9,439 223 8,880 8,906 Consumer installment loans 56 43 - 43 - 68 71 Total $ 34,528 $ 10,402 $ 14,418 $ 24,820 $ 857 $ 26,600 $ 25,301 Unpaid Recorded Recorded Total Related Three Twelve (Dollars in Thousands) As of December 31, 2015: Commercial, financial & agricultural $ 3,103 $ 1,066 $ - $ 1,066 $ - $ 640 $ 392 Real estate construction & development 8,987 1,469 - 1,469 - 1,369 1,429 Real estate commercial & farmland 14,999 11,134 - 11,134 - 9,966 10,806 Real estate residential 14,946 8,957 - 8,957 - 8,591 8,067 Consumer installment loans 94 77 - 77 - 67 65 Total $ 42,129 $ 22,703 $ - $ 22,703 $ - $ 20,633 $ 20,759 Unpaid Recorded Recorded Total Related Three Six Month (Dollars in Thousands) As of June 30, 2015: Commercial, financial & agricultural $ 1,476 $ 309 $ - $ 309 $ - $ 254 $ 227 Real estate construction & development 9,656 1,857 - 1,857 - 1,485 1,469 Real estate commercial & farmland 17,043 13,691 - 13,691 - 11,753 11,366 Real estate residential 12,992 8,285 - 8,285 - 7,982 7,718 Consumer installment loans 111 94 - 94 - 61 64 Total $ 41,278 $ 24,236 $ - $ 24,236 $ - $ 21,535 $ 20,844 The following is a summary of information pertaining to covered impaired loans: As of and For the Period Ended June 30, December 31, June 30, (Dollars in Thousands) Nonaccrual loans $ 10,969 $ 13,238 $ 28,871 Troubled debt restructurings not included above 11,589 13,283 17,500 Total impaired loans $ 22,558 $ 26,521 $ 46,371 Quarter-to-date interest income recognized on impaired loans $ 154 $ 154 $ 219 Year-to-date interest income recognized on impaired loans $ 339 $ 886 $ 431 Quarter-to-date foregone interest income on impaired loans $ 148 $ 181 $ 409 Year-to-date foregone interest income on impaired loans $ 318 $ 1,596 $ 947 The following table presents an analysis of information pertaining to covered impaired loans as of June 30, 2016, December 31, 2015 and June 30, 2015: Unpaid Recorded Recorded Total Related Three Six Month (Dollars in Thousands) As of June 30, 2016: Commercial, financial & agricultural $ 314 $ 127 $ - $ 127 $ - $ 1,463 $ 1,909 Real estate construction & development 6,841 1,198 1,210 2,408 81 2,368 2,405 Real estate commercial & farmland 10,556 2,127 4,303 6,430 198 6,503 6,669 Real estate residential 14,890 4,830 8,724 13,554 251 13,724 13,880 Consumer installment loans 47 39 - 39 - 41 43 Total $ 32,648 $ 8,321 $ 14,237 $ 22,558 $ 530 $ 24,099 $ 24,906 Unpaid Recorded Recorded Total Related Three Twelve (Dollars in Thousands) As of December 31, 2015: Commercial, financial & agricultural $ 5,188 $ 2,802 $ - $ 2,802 $ - $ 5,360 $ 7,408 Real estate construction & development 15,119 2,480 - 2,480 - 4,130 6,906 Real estate commercial & farmland 20,508 7,001 - 7,001 - 14,133 18,504 Real estate residential 15,830 14,192 - 14,192 - 14,399 16,010 Consumer installment loans 60 46 - 46 - 69 86 Total $ 56,705 $ 26,521 $ - $ 26,521 $ - $ 38,091 $ 48,914 Unpaid Recorded Recorded Total Related Three Six Month (Dollars in Thousands) As of June 30, 2015: Commercial, financial & agricultural $ 14,260 $ 7,951 $ - $ 7,951 $ - $ 8,869 $ 8,773 Real estate construction & development 29,895 5,953 - 5,953 - 7,819 8,757 Real estate commercial & farmland 37,426 17,970 - 17,970 - 21,795 21,418 Real estate residential 18,226 14,402 - 14,402 - 16,600 17,084 Consumer installment loans 125 95 - 95 - 99 97 Total $ 99,932 $ 46,371 $ - $ 46,371 $ - $ 55,179 $ 56,129 Credit Quality Indicators The Company uses a nine category risk grading system to assign a risk grade to each loan in the portfolio. The following is a description of the general characteristics of the grades: Grade 10 Prime Credit Grade 15 Good Credit Satisfactory Credit Grade 20 Satisfactory Credit Grade 23 Performing, Under-Collateralized Credit This grade is assigned to loans that are currently performing and supported by adequate financial information that reflects repayment capacity but exhibits a loan-to-value ratio greater than 110 Grade 25 Minimum Acceptable Credit Satisfactory Credit Grade 30 Other Asset Especially Mentioned Grade 40 Substandard Grade 50 Doubtful Grade 60 Loss Risk Commercial, Real estate - Real estate - Real estate - Consumer Other Total (Dollars in Thousands) 10 $ 339,903 $ - $ 2,313 $ 99 $ 7,410 $ - $ 349,725 15 22,049 3,741 106,801 58,283 700 - 191,574 20 100,406 46,224 804,685 501,795 22,498 17,953 1,493,561 23 484 7,245 9,084 6,664 188 - 23,665 25 94,022 211,322 290,528 90,191 1,754 - 687,817 30 2,545 3,297 20,775 5,689 162 - 32,468 40 4,934 2,888 14,394 17,512 533 - 40,261 50 - - - - - - - 60 - - - - - - - Total $ 564,343 $ 274,717 $ 1,248,580 $ 680,233 $ 33,245 $ 17,953 $ 2,819,071 The following table presents the loan portfolio, excluding purchased non-covered and covered loans, by risk grade as of December 31, 2015: Risk Commercial, Real estate - Real estate - Real estate - Consumer Other Total (Dollars in Thousands) 10 $ 241,721 $ 294 $ 116 $ 1,606 $ 6,872 $ - $ 250,609 15 28,420 2,074 117,880 78,165 1,191 - 227,730 20 97,142 46,221 685,538 369,624 19,780 6,015 1,224,320 23 559 7,827 13,073 6,112 36 - 27,607 25 77,829 183,512 254,012 91,465 2,595 - 609,413 30 1,492 1,620 13,821 7,347 143 - 24,423 40 2,460 3,145 20,551 16,111 506 - 42,773 50 - - - - - - - 60 - - - - 2 - 2 Total $ 449,623 $ 244,693 $ 1,104,991 $ 570,430 $ 31,125 $ 6,015 $ 2,406,877 The following table presents the loan portfolio, excluding purchased non-covered and covered loans, by risk grade as of June 30, 2015: Risk Commercial, Real estate - Real estate - Real estate - Consumer Other Total (Dollars in Thousands) 10 $ 173,795 $ 268 $ 150 $ 1,606 $ 6,114 $ - $ 181,933 15 25,447 3,402 127,090 85,812 1,319 - 243,070 20 96,169 47,207 592,636 334,999 17,833 15,903 1,104,747 23 635 8,071 11,984 6,655 55 - 27,400 25 69,304 140,119 248,227 83,207 3,807 - 544,664 30 2,566 2,510 11,088 8,612 244 - 25,020 40 5,286 3,442 19,020 16,310 708 - 44,766 50 - - - - - - - 60 - - - - - - - Total $ 373,202 $ 205,019 $ 1,010,195 $ 537,201 $ 30,080 $ 15,903 $ 2,171,600 The following table presents the purchased non-covered loan portfolio by risk grade as of June 30, 2016: Risk Commercial, Real estate - Real estate - Real estate - Consumer Other Total (Dollars in Thousands) 10 $ 5,818 $ - $ - $ - $ 1,081 $ - $ 6,899 15 1,085 - 8,637 34,848 675 - 45,245 20 16,503 10,427 202,853 113,691 2,006 - 345,480 23 - 4,072 10,627 12,688 - - 27,387 25 71,603 64,200 305,654 114,097 1,667 - 557,221 30 4,779 7,910 28,761 11,054 32 - 52,536 40 1,983 2,487 18,298 14,520 129 - 37,417 50 30 - - - - - 30 60 2 - - - - - 2 Total $ 101,803 $ 89,096 $ 574,830 $ 300,898 $ 5,590 $ - $ 1,072,217 The following table presents the purchased non-covered loan portfolio by risk grade as of December 31, 2015: Risk Commercial, Real estate - Real estate - Real estate - Consumer Other Total (Dollars in Thousands) 10 $ 8,592 $ - $ - $ - $ 1,010 $ - $ 9,602 15 1,186 1,143 10,490 37,808 541 - 51,168 20 10,057 13,678 183,219 128,005 2,031 - 336,990 23 - 438 5,177 6,414 - - 12,029 25 17,565 47,517 162,253 66,166 1,328 - 294,829 30 6,657 4,185 14,297 5,503 51 - 30,693 40 1,373 5,119 15,319 14,257 143 - 36,211 50 30 - - - - - 30 60 2 - - - - - 2 Total $ 45,462 $ 72,080 $ 390,755 $ 258,153 $ 5,104 $ - $ 771,554 The following table presents the purchased non-covered loan portfolio by risk grade as of June 30, 2015: Risk Commercial, Real estate - Real estate - Real estate - Consumer Other Total (Dollars in Thousands) 10 $ 9,091 $ - $ 80 $ - $ 952 $ - $ 10,123 15 1,377 866 8,710 41,641 626 - 53,220 20 12,545 16,979 190,219 139,792 2,769 - 362,304 23 - 240 3,792 6,505 - - 10,537 25 18,556 49,070 165,267 65,818 1,700 - 300,411 30 2,462 3,409 19,042 9,803 63 - 34,779 40 1,276 4,738 17,478 13,217 178 - 36,887 50 30 - - 22 - - 52 60 - - - - - - - Total $ 45,337 $ 75,302 $ 404,588 $ 276,798 $ 6,288 $ - $ 808,313 The following table presents the covered loan portfolio by risk grade as of June 30, 2016: Risk Commercial, Real estate - Real estate - Real estate - Consumer Other Total (Dollars in Thousands) 10 $ - $ - $ - $ - $ - $ - $ - 15 - - - - - - - 20 32 738 10,278 8,096 - - 19,144 23 24 - 1,769 4,637 - - 6,430 25 1,417 4,436 35,031 22,371 13 - 63,268 30 3 418 4,659 3,564 47 - 8,691 40 128 1,576 13,354 8,787 40 - 23,885 50 - - - - - - - 60 - - - - - - - Total $ 1,604 $ 7,168 $ 65,091 $ 47,455 $ 100 $ - $ 121,418 The following table presents the covered loan portfolio by risk grade as of December 31, 2015: Risk Commercial, Real estate - Real estate - Real estate - Consumer Other Total (Dollars in Thousands) 10 $ - $ - $ - $ - $ - $ - $ - 15 - - - - - - - 20 93 800 11,698 10,040 - - 22,631 23 52 - 2,957 5,723 - - 8,732 25 2,594 3,907 38,741 24,345 11 - 69,598 30 5 828 2,857 4,552 - - 8,242 40 2,802 2,077 14,973 8,378 96 - 28,326 50 - - - - - - - 60 - - - - - - - Total $ 5,546 $ 7,612 $ 71,226 $ 53,038 $ 107 $ - $ 137,529 The following table presents the covered loan portfolio by risk grade as of June 30, 2015: Risk Commercial, Real estate - Real estate - Real estate - Consumer Other Total (Dollars in Thousands) 10 $ - $ - $ - $ - $ - $ - $ - 15 - - 488 125 - - 613 20 580 1,218 17,382 12,571 43 - 31,794 23 68 - 5,255 6,083 - - 11,406 25 4,089 8,142 60,682 30,870 37 - 103,820 30 4,923 2,409 4,165 5,730 - - 17,227 40 8,006 3,233 23,800 9,603 96 - 44,738 50 - - - - - - - 60 - - - - - - - Total $ 17,666 $ 15,002 $ 111,772 $ 64,982 $ 176 $ - $ 209,598 Troubled Debt Restructurings The restructuring of a loan is considered a “troubled debt restructuring” if both (i) the borrower is experiencing financial difficulties and (ii) the Company has granted a concession. Concessions may include interest rate reductions to below market interest rates, principal forgiveness, restructuring amortization schedules and other actions intended to minimize potential losses. The Company has exhibited the greatest success for rehabilitation of the loan by a reduction in the rate alone (maintaining the amortization of the debt) or a combination of a rate reduction and the forbearance of previously past due interest or principal. This has most typically been evidenced in certain commercial real estate loans whereby a disruption in the borrower’s cash flow resulted in an extended past due status, of which the borrower was unable to catch up completely as the cash flow of the property ultimately stabilized at a level lower than its original level. A reduction in rate, coupled with a forbearance of unpaid principal and/or interest, allowed the net cash flows to service the debt under the modified terms. The Company’s policy requires a restructure request to be supported by a current, well-documented credit evaluation of the borrower’s financial condition and a collateral evaluation that is no older than six months from the date of the restructure. Key factors of that evaluation include the documentation of current, recurring cash flows, support provided by the guarantor(s) and the current valuation of the collateral. If the appraisal in the file is older than six months, an evaluation must be made as to the continued reasonableness of the valuation. For certain income-producing properties, current rent rolls and/or other income information can be utilized to support the appraisal valuation, when coupled with documented cap rates within our markets and a physical inspection of the collateral to validate the current condition. The Company’s policy states that in the event a loan has been identified as a troubled debt restructuring, it should be assigned a grade of substandard and placed on nonaccrual status until such time the borrower has demonstrated the ability to service the loan payments based on the restructured terms generally defined as six months of satisfactory payment history. Missed payments under the original loan terms are not considered under the new structure; however, subsequent missed payments are considered non-performance and are not considered toward the six month required term of satisfactory payment history. The Company’s loan policy states that a nonaccrual loan may be returned to accrual status when (i) none of its principal and interest is due and unpaid, and the Company expects repayment of the remaining contractual principal and interest or (ii) it otherwise becomes well secured and in the process of collection. Restoration to accrual status on any given loan must be supported by a well-documented credit evaluation of the borrower’s financial condition and the prospects for full repayment, approved by the Company’s Chief Credit Officer. In the normal course of business, the Company renews loans with a modification of the interest rate or terms that are not deemed as troubled debt restructurings because the borrower is not experiencing financial difficulty. The Company modified loans in the first six months of 2016 and 2015 totaling $ 9.7 54.8 As of June 30, 2016, December 31, 2015 and June 30, 2015, the Company had a balance of $ 17.8 16.4 14.0 1.4 1.3 1.6 2.8 2.7 210,000 During the six months ending June 30, 2016 and 2015, the Company modified loans as troubled debt restructurings, excluding purchased non-covered and covered loans, with principal balances of $ 2.5 782,000 June 30, 2016 June 30, 2015 Balance Balance Loan class: # (in thousands) # (in thousands) Commercial, financial & agricultural 2 $ 28 3 $ 18 Real estate construction & development 1 6 2 16 Real estate commercial & farmland 4 1,666 - - Real estate residential 6 739 15 729 Consumer installment 6 26 5 19 Total 19 $ 2,465 25 $ 782 Troubled debt restructurings, excluding purchased non-covered and covered loans, with an outstanding balance of $ 494,000 2.2 June 30, 2016 June 30, 2015 Balance Balance Loan class: # (in thousands) # (in thousands) Commercial, financial & agricultural 2 $ 7 2 $ 35 Real estate construction & development - - - - Real estate commercial & farmland 2 191 5 1,274 Real estate residential 6 292 10 884 Consumer installment 1 4 6 32 Total 11 $ 494 23 $ 2,225 As of June 30, 2016 Accruing Loans Non-Accruing Loans Balance Balance Loan class: # (in thousands) # (in thousands) Commercial, financial & agricultural 5 $ 275 11 $ 86 Real estate construction & development 9 468 3 36 Real estate commercial & farmland 19 5,802 3 1,832 Real estate residential 54 8,226 20 899 Consumer installment 7 24 27 113 Total 94 $ 14,795 64 $ 2,966 As of December 31, 2015 Accruing Loans Non-Accruing Loans Balance Balance Loan class: # (in thousands) # (in thousands) Commercial, financial & agricultural 4 $ 240 10 $ 110 Real estate construction & development 11 792 3 63 Real estate commercial & farmland 16 5,766 3 596 Real estate residential 51 7,574 20 1,123 Consumer installment 12 46 23 94 Total 94 $ 14,418 59 $ 1,986 As of June 30, 2015 Accruing Loans Non-Accruing Loans Balance Balance Loan class: # (in thousands) # (in thousands) Commercial, financial & agricultural 6 $ 278 5 $ 29 Real estate construction & development 11 821 3 57 Real estate commercial & farmland 17 6,617 3 598 Real estate residential 49 4,702 15 783 Consumer installment 11 49 17 82 Total 94 $ 12,467 43 $ 1,549 As of June 30, 2016, December 31, 2015 and June 30, 2015, the Company had a balance of $ 10.0 10.0 7.0 347,000 377,000 632,000 During the six months ending June 30, 2016 and 2015, the Company modified purchased non-covered loans as troubled debt restructurings, with principal balances of $ 668,000 1.0 4.8 June 30, 2016 June 30, 2015 Balance Balance Loan class: # (in thousands) # (in thousands) Commercial, financial & agricultural - $ - - $ - Real estate construction & development - - - - Real estate commercial & farmland 1 28 - - Real estate residential 2 640 5 1,017 Consumer installment - - 1 5 Total 3 $ 668 6 $ 1,022 Troubled debt restructurings included in purchased non-covered loans with an outstanding balance of $ 402,000 65,000 June 30, 2016 June 30, 2015 Balance Balance Loan class: # (in thousands) # (in thousands) Commercial, financial & agricultural - $ - - $ - Real estate construction & development 2 402 - - Real estate commercial & farmland - - - - Real estate residential - - 1 65 Consumer installment - - - - Total 2 $ 402 1 $ 65 As of June 30, 2016 Accruing Loans Non-Accruing Loans Balance Balance Loan class: # (in thousands) # (in thousands) Commercial, financial & agricultural 1 $ 1 1 $ 17 Real estate construction & development 2 521 3 36 Real estate commercial & farmland 12 5,918 3 398 Real estate residential 14 2,609 4 448 Consumer installment 1 4 2 2 Total 30 $ 9,053 13 $ 901 As of December 31, 2015 Accruing Loans Non-Accruing Loans Balance Balance Loan class: # (in thousands) # (in thousands) Commercial, financial & agricultural 1 $ 2 2 $ 21 Real estate construction & development 1 363 3 42 Real estate commercial & farmland 14 |
ASSETS ACQUIRED IN FDIC-ASSISTE
ASSETS ACQUIRED IN FDIC-ASSISTED ACQUISITIONS | 6 Months Ended |
Jun. 30, 2016 | |
Banking and Thrift [Abstract] | |
ASSETS ACQUIRED IN FDIC-ASSISTED ACQUISITIONS | NOTE 5 ASSETS ACQUIRED IN FDIC-ASSISTED ACQUISITIONS Bank Acquired Location Branches Date Acquired American United Bank (“AUB”) Lawrenceville, Ga. 1 October 23, 2009 United Security Bank (“USB”) Sparta, Ga. 2 November 6, 2009 Satilla Community Bank (“SCB”) St. Marys, Ga. 1 May 14, 2010 First Bank of Jacksonville (“FBJ”) Jacksonville, Fl. 2 October 22, 2010 Tifton Banking Company (“TBC”) Tifton, Ga. 1 November 12, 2010 Darby Bank & Trust (“DBT”) Vidalia, Ga. 7 November 12, 2010 High Trust Bank (“HTB”) Stockbridge, Ga. 2 July 15, 2011 One Georgia Bank (“OGB”) Midtown Atlanta, Ga. 1 July 15, 2011 Central Bank of Georgia (“CBG”) Ellaville, Ga. 5 February 24, 2012 Montgomery Bank & Trust (“MBT”) Ailey, Ga. 2 July 6, 2012 The determination of the initial fair values of loans at the acquisition date and the initial fair values of the related FDIC indemnification assets involves a high degree of judgment and complexity. The carrying values of the acquired loans and the FDIC indemnification assets reflect management’s best estimate of the fair value of each of these assets as of the date of acquisition. However, the amount that the Company realizes on these assets could differ materially from the carrying values reflected in the financial statements included in this report, based upon the timing and amount of collections on the acquired loans in future periods. Because of the loss-sharing agreements with the FDIC on these assets, the Company does not expect to incur any significant losses. To the extent the actual values realized for the acquired loans are different from the estimates, the indemnification assets will generally be affected in an offsetting manner due to the loss-sharing support from the FDIC. FASB ASC 310 30, Loans and Debt Securities Acquired with Deteriorated Credit Quality Each acquisition with loss-sharing agreements has separate agreements for the single family residential assets (“SFR”) and the non-single family assets (“NSF”). The SFR agreements cover losses and recoveries for ten years. The NSF agreements are for eight years. During the first five years, losses and recoveries are covered. During the final three years, only recoveries, net of expenses, are covered. The AUB SFR agreement was terminated during 2012 and Ameris received a payment of $ 87,000 At June 30, 2016, the Company’s FDIC loss-sharing payable totaled $1.9 million, which is comprised of $ 3.2 3.5 Covered loans Less: Fair Total OREO Less: Fair Total Total FDIC loss-share As of June 30, 2016: AUB $ - $ - $ - $ - $ - $ - $ - $ 5 USB 3,423 14 3,409 - - - 3,409 (1,791) SCB 4,774 70 4,704 440 - 440 5,144 55 FBJ 4,127 507 3,620 31 - 31 3,651 (80) DBT 13,705 835 12,870 14 - 14 12,884 (3,823) TBC 1,956 8 1,948 - - - 1,948 132 HTB 42,092 3,550 38,542 586 180 406 38,948 1,789 OGB 18,663 667 17,996 136 - 136 18,132 306 CBG 40,909 2,580 38,329 1,741 26 1,715 40,044 1,510 Total $ 129,649 $ 8,231 $ 121,418 $ 2,948 $ 206 $ 2,742 $ 124,160 $ (1,897) Covered loans Less: Fair Total OREO Less: Fair Total Total FDIC loss-share As of December 31, 2015: AUB $ - $ - $ - $ - $ - $ - $ - $ 111 USB 3,639 16 3,623 165 - 165 3,788 (1,424) SCB 5,228 124 5,104 - - - 5,104 149 FBJ 4,782 562 4,220 41 - 41 4,261 252 DBT 15,934 1,131 14,803 - - - 14,803 (1,084) TBC 2,159 11 2,148 - - - 2,148 1,446 HTB 44,405 3,881 40,524 2,433 643 1,790 42,314 3,875 OGB 27,561 1,900 25,661 160 - 160 25,821 913 CBG 44,865 3,419 41,446 3,139 284 2,855 44,301 2,063 Total $ 148,573 $ 11,044 $ 137,529 $ 5,938 $ 927 $ 5,011 $ 142,540 $ 6,301 Covered loans Less: Fair Total OREO Less: Fair Total Total FDIC loss-share As of June 30, 2015: AUB $ - $ - $ - $ - $ - $ - $ - $ 187 USB 3,883 18 3,865 165 - 165 4,030 (1,232) SCB 5,318 209 5,109 95 - 95 5,204 1,300 FBJ 17,708 1,286 16,422 815 121 694 17,116 1,227 DBT 46,269 3,667 42,602 5,216 700 4,516 47,118 2,126 TBC 19,609 515 19,094 1,480 116 1,364 20,458 521 HTB 47,176 4,127 43,049 3,085 955 2,130 45,179 4,806 OGB 34,218 2,192 32,026 442 - 442 32,468 1,856 CBG 52,259 4,828 47,431 3,559 339 3,220 50,651 4,166 Total $ 226,440 $ 16,842 $ 209,598 $ 14,857 $ 2,231 $ 12,626 $ 222,224 $ 14,957 (Dollars in Thousands) June 30, December 31, June 30, Balance, January 1 $ 137,529 $ 271,279 $ 271,279 Charge-offs (720) (5,558) (7,065) Accretion 2,247 9,658 6,251 Transfer to covered other real estate owned (757) (7,910) (6,534) Transfer to purchased, non-covered loans due to loss-share expiration - (50,568) (15,462) Payments received (16,881) (79,372) (38,871) Ending balance $ 121,418 $ 137,529 $ 209,598 (Dollars in Thousands) June 30, December 31, June 30, Balance, January 1 $ 9,063 $ 15,578 $ 15,578 Accretion (2,247) (9,658) (6,251) Transfer to purchased, non-covered loans due to loss-share expiration - (1,665) (84) Transfers between non-accretable and accretable discounts, net (453) 4,808 2,817 Ending balance $ 6,363 $ 9,063 $ 12,060 The shared-loss agreements are subject to the servicing procedures as specified in the agreement with the FDIC. The expected reimbursements under the shared-loss agreements were recorded as an indemnification asset at their estimated fair values on the acquisition dates. As of June 30, 2016, December 31, 2015 and June 30, 2015, the Company has recorded a clawback liability of $ 8.6 8.2 7.3 (Dollars in Thousands) June 30, December 31, June 30, Beginning balance, January 1 $ 6,301 $ 31,351 $ 31,351 Payments received from FDIC (4,165) (19,273) (12,539) Accretion, net (2,737) (8,878) (5,393) Changes in clawback liability (345) (2,008) (1,057) Increase in receivable due to: Net charge-offs on covered loans (929) 416 1,955 Write downs of covered other real estate 774 4,752 2,206 Reimbursable expenses on covered assets 429 2,582 1,866 Other activity, net (1,225) (2,641) (3,432) Ending balance $ (1,897) $ 6,301 $ 14,957 |
OTHER REAL ESTATE OWNED
OTHER REAL ESTATE OWNED | 6 Months Ended |
Jun. 30, 2016 | |
Banking and Thrift [Abstract] | |
OTHER REAL ESTATE OWNED | NOTE 6. OTHER REAL ESTATE OWNED (Dollars in Thousands) June 30, December 31, June 30, Beginning balance, January 1 $ 16,147 $ 33,160 $ 33,160 Loans transferred to other real estate owned 1,499 11,261 8,636 Net gains (losses) on sale and write-downs (1,057) (9,971) (9,449) Sales proceeds (2,824) (18,303) (9,780) Ending balance $ 13,765 $ 16,147 $ 22,567 (Dollars in Thousands) June 30, December 31, June 30, Beginning balance, January 1 $ 14,333 $ 15,585 $ 15,585 Loans transferred to other real estate owned 2,663 4,473 2,039 Acquired in acquisitions 1,838 2,160 2,189 Transfer from covered other real estate owned due to loss-share expiration - 3,148 75 Net gains (losses) on sale and write-downs 30 201 182 Sales proceeds (4,936) (11,234) (6,958) Ending balance $ 13,928 $ 14,333 $ 13,112 (Dollars in Thousands) June 30, December 31, June 30, Beginning balance, January 1 $ 5,011 $ 19,907 $ 19,907 Loans transferred to other real estate owned 757 7,910 6,534 Transfer from covered other real estate owned due to loss-share expiration - (3,148) (75) Net gains (losses) on sale and write-downs (968) (5,926) (2,758) Sales proceeds (2,058) (13,732) (10,982) Ending balance $ 2,742 $ 5,011 $ 12,626 |
SECURITIES SOLD UNDER AGREEMENT
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE | 6 Months Ended |
Jun. 30, 2016 | |
Brokers and Dealers [Abstract] | |
SECURITIES SOLD UNDER REPURCHASE AGREEMENTS | NOTE 7 SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE The Company classifies the sales of securities under agreements to repurchase as short-term borrowings. The amounts received under these agreements are reflected as a liability in the Company’s consolidated balance sheets and the securities underlying these agreements are included in investment securities in the Company’s consolidated balance sheets. At June 30, 2016, December 31, 2015 and June 30, 2015, all securities sold under agreements to repurchase mature on a daily basis. The market value of the securities fluctuate on a daily basis due to market conditions. The Company monitors the market value of the securities underlying these agreements on a daily basis and is required to transfer additional securities if the market value of the securities fall below the repurchase agreement price. The Company maintains an unpledged securities portfolio that it believes is sufficient to protect against a decline in the market value of the securities sold under agreements to repurchase. (Dollars in Thousands) June 30, December 31, June 30, Securities sold under agreements to repurchase $ 37,139 $ 63,585 $ 75,066 At June 30, 2016, December 31, 2015 and June 30, 2015, the investment securities underlying these agreements were all mortgage-backed securities. |
OTHER BORROWINGS
OTHER BORROWINGS | 6 Months Ended |
Jun. 30, 2016 | |
Debt Disclosure [Abstract] | |
OTHER BORROWINGS | NOTE 8 OTHER BORROWINGS The Company has, from time to time, utilized certain borrowing arrangements with various financial institutions to fund growth in earning assets or provide additional liquidity when appropriate spreads can be realized. At June 30, 2016, December 31, 2015 and June 30, 2015, there were $ 260.2 39.0 39.0 (Dollars in Thousands) June 30, December 31, June 30, Daily Rate Credit from Federal Home Loan Bank with a fixed interest rate of 0.57% $ 121,700 $ - $ - Advance from Federal Home Loan Bank with a fixed interest rate of 0.40%, due July 15, 2016 75,000 $ - - Advance from Federal Home Loan Bank with a fixed interest rate of 2.81%, due July 15, 2016 2,505 $ - - Advance from Federal Home Loan Bank with a fixed interest rate of 1.40%, due January 9, 2017 4,014 $ - - Advance from Federal Home Loan Bank with a fixed interest rate of 1.23%, due May 30, 2017 5,013 $ - - Advances under revolving credit agreement with a regional bank with interest at 90-day LIBOR plus 3.50% (4.17% at June 30, 2016, 3.92% at December 31, 2015, and 3.78% at June 30, 2015) due in August 2017, secured by subsidiary bank stock 36,000 24,000 24,000 Advances under revolving credit agreement with a regional bank with a fixed interest rate of 8.00% due January 2017 869 - - Advance from correspondent bank with a fixed interest rate of 4.25%, due October 15, 2019, secured by subsidiary bank loan receivable 90 - - Subordinated debt issued by The Prosperity Banking Company due September 2016 with an interest rate of 90-day LIBOR plus 1.75% (2.40% at June 30, 2016, 2.28% at December 31, 2015 and 2.04% at June 30, 2015) 15,000 15,000 15,000 Total $ 260,191 $ 39,000 $ 39,000 The advances from the Federal Home Loan Bank (“FHLB”) are collateralized by a blanket lien on all first mortgage loans and other specific loans in addition to FHLB stock. At June 30, 2016, $ 204.4 As of June 30, 2016, the Company maintained credit arrangements with various financial institutions to purchase federal funds up to $ 67 At June 30, 2016, $ 4.0 The Company also participates in the Federal Reserve discount window borrowings. At June 30, 2016, the Company had $ 814.5 532.4 |
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES | 6 Months Ended |
Jun. 30, 2016 | |
Commitments and Contingencies Disclosure [Abstract] | |
COMMITMENTS AND CONTINGENT LIABILITIES | NOTE 9 COMMITMENTS AND CONTINGENCIES Loan Commitments The Company is a party to financial instruments with off-balance-sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit and standby letters of credit. They involve, to varying degrees, elements of credit risk and interest rate risk in excess of the amount recognized in the balance sheets. The Company’s exposure to credit loss is represented by the contractual amount of those instruments. The Company uses the same credit policies in making commitments and conditional obligations as it does for on-balance-sheet instruments. (Dollars in Thousands) June 30, December 31, June 30, Commitments to extend credit $ 669,353 $ 548,898 $ 431,678 Unused lines of credit $ 63,244 $ 52,798 $ 51,834 Financial standby letters of credit $ 15,587 $ 14,712 $ 10,535 Mortgage interest rate lock commitments $ 154,589 $ 77,710 $ 91,977 Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The amount of collateral obtained, if deemed necessary by the Company upon extension of credit, is based on management’s credit evaluation of the customer. Standby letters of credit are conditional commitments issued by the Company to guarantee the performance of a customer to a third party. Those guarantees are primarily issued to support public and private borrowing arrangements. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loans to customers. Collateral is required in instances which the Company deems necessary. Other Commitments As of June 30, 2016, a $ 75.0 Contingencies Certain conditions may exist as of the date the financial statements are issued, which may result in a loss to the Company but which will only be resolved when one or more future events occur or fail to occur. The Company’s management and its legal counsel assess such contingent liabilities, and such assessment inherently involves an exercise of judgment. In assessing loss contingencies related to legal proceedings that are pending against the Company or unasserted claims that may result in such proceedings, the Company’s legal counsel evaluates the perceived merits of any legal proceedings or unasserted claims as well as the perceived merits of the amount of relief sought or expected to be sought therein. If the assessment of a contingency indicates that it is probable that a material loss has been incurred and the amount of the liability can be estimated, then the estimated liability would be accrued in the Company’s financial statements. If the assessment indicates that a potentially material loss contingency is not probable, but is reasonably possible, or is probable but cannot be estimated, then the nature of the contingent liability, together with an estimate of the range of possible loss if determinable and material, would be disclosed. Loss contingencies considered remote are generally not disclosed unless they involve guarantees, in which case the nature of the guarantee would be disclosed. A former borrower of the Company has filed a claim related to a loan previously made by the Company asserting lender liability. The case was tried without a jury and an order was issued by the court against the Company awarding the borrower approximately $ 2.9 |
ACCUMULATED OTHER COMPREHENSIVE
ACCUMULATED OTHER COMPREHENSIVE INCOME | 6 Months Ended |
Jun. 30, 2016 | |
Equity [Abstract] | |
ACCUMULATED OTHER COMPREHENSIVE INCOME | NOTE 10 ACCUMULATED OTHER COMPREHENSIVE INCOME Accumulated other comprehensive income for the Company consists of changes in net unrealized gains and losses on investment securities available for sale and interest rate swap derivatives. (Dollars in Thousands) Unrealized Gain (Loss) Unrealized Gain (Loss) Accumulated Other Balance, January 1, 2016 $ 152 $ 3,201 $ 3,353 Reclassification for gains included in net income, net of tax - (61) (61) Current year changes, net of tax (808) 10,476 9,668 Balance, June 30, 2016 $ (656) $ 13,616 $ 12,960 (Dollars in Thousands) Unrealized Gain (Loss) Unrealized Gain (Loss) Accumulated Other Balance, January 1, 2015 $ 508 $ 5,590 $ 6,098 Reclassification for gains included in net income, net of tax - (14) (14) Current year changes, net of tax (131) (2,881) (3,012) Balance, June 30, 2015 $ 377 $ 2,695 $ 3,072 |
WEIGHTED AVERAGE SHARES OUTSTAN
WEIGHTED AVERAGE SHARES OUTSTANDING | 6 Months Ended |
Jun. 30, 2016 | |
Earnings Per Share [Abstract] | |
WEIGHTED AVERAGE SHARES OUTSTANDING | NOTE 11 WEIGHTED AVERAGE SHARES OUTSTANDING For the Three Months For the Six Months 2016 2015 2016 2015 (Share Data in (Share Data in Basic shares outstanding 34,833 32,184 33,792 31,318 Plus: Dilutive effect of ISOs 117 116 113 115 Plus: Dilutive effect of restricted share grants 203 220 202 220 Diluted shares outstanding 35,153 32,520 34,107 31,653 The Company did not exclude any potential common shares for the three-month and six-month periods ended June 30, 2016. For both the three-month and six-month periods ended June 30, 2015, the Company excluded 5,000 |
FAIR VALUE MEASURES
FAIR VALUE MEASURES | 6 Months Ended |
Jun. 30, 2016 | |
Fair Value Disclosures [Abstract] | |
FAIR VALUE MEASURES | NOTE 12 FAIR VALUE MEASURES The fair value of an asset or liability is the current amount that would be exchanged between willing parties, other than in a forced liquidation. Fair value is best determined based upon quoted market prices. However, in many instances, there are no quoted market prices for the Company’s various assets and liabilities. In cases where quoted market prices are not available, fair value is based on discounted cash flows or other valuation techniques. These techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. Accordingly, the fair value estimates may not be realized in an immediate settlement of the asset or liability. The accounting standard for disclosures about fair value measures excludes certain financial instruments and all nonfinancial instruments from its disclosure requirements. Accordingly, the aggregate fair value amounts presented may not necessarily represent the underlying fair value of the Company. The Company has elected to record mortgage loans held-for-sale at fair value in order to eliminate the complexities and inherent difficulties of achieving hedge accounting and to better align reported results with the underlying economic changes in value of the loans and related hedge instruments. This election impacts the timing and recognition of origination fees and costs, as well as servicing value, which are now recognized in earnings at the time of origination. Interest income on mortgage loans held-for-sale is recorded on an accrual basis in the consolidated statement of earnings and comprehensive income under the heading “Interest income interest and fees on loans”. The servicing value is included in the fair value of the interest rate lock commitments (“IRLCs”) with borrowers. The mark to market adjustments related to loans held-for-sale and the associated economic hedges are captured in mortgage banking activities. Net gains of $ 3.9 3.2 The following table summarizes the difference between the fair value and the principal balance for mortgage loans held for sale measured at fair value as of June 30, 2016, December 31, 2015 and June 30, 2015: June 30, December 31, June 30, (Dollars in Thousands) Aggregate fair value of mortgage loans held for sale $ 102,757 $ 111,182 $ 108,829 Aggregate unpaid principal balance $ 98,769 $ 107,652 $ 105,184 Past-due loans of 90 days or more $ - $ - $ - Nonaccrual loans $ - $ - $ - The Company utilizes fair value measurements to record fair value adjustments to certain assets and liabilities and to determine fair value disclosures. Securities available for sale and derivatives are recorded at fair value on a recurring basis. From time to time, the Company may be required to record at fair value other assets on a nonrecurring basis, such as impaired loans and OREO. Additionally, the Company is required to disclose, but not record, the fair value of other financial instruments. Fair Value Hierarchy The Company groups assets and liabilities at fair value in three levels, based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value. These levels are: Level 1 - Quoted prices in active markets for identical assets or liabilities. Level 2 - Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3 - Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. The following methods and assumptions were used by the Company in estimating the fair value of assets and liabilities recorded at fair value and for estimating the fair value of its financial instruments: Cash and Due From Banks, Federal Funds Sold and Interest-Bearing Accounts: The carrying amount of cash and due from banks, federal funds sold and interest-bearing accounts approximates fair value. Investment Securities Available for Sale: The fair value of securities available for sale is determined by various valuation methodologies. Where quoted market prices are available in an active market, securities are classified within Level 1 of the valuation hierarchy. If quoted market prices are not available, then fair values are estimated by using pricing models, quoted prices of securities with similar characteristics, or discounted cash flows. Level 2 securities include mortgage-backed securities issued by government-sponsored enterprises and municipal bonds. The Level 2 fair value pricing is provided by an independent third-party and is based upon similar securities in an active market. In certain cases where Level 1 or Level 2 inputs are not available, securities are classified within Level 3 of the hierarchy and include certain residual municipal securities and other less liquid securities. Other Investments: FHLB stock is included in other investments at its original cost basis. It is not practical to determine the fair value of FHLB stock due to restrictions placed on its transferability. Mortgage Loans Held for Sale: The Company records mortgage loans held for sale at fair value. The fair value of mortgage loans held for sale is determined on outstanding commitments from third party investors in the secondary markets and is classified within Level 2 of the valuation hierarchy. Loans: The carrying amount of variable-rate loans that reprice frequently and have no significant change in credit risk approximates fair value. The fair value of fixed-rate loans is estimated based on discounted contractual cash flows, using interest rates currently being offered for loans with similar terms to borrowers with similar credit quality. The fair value of impaired loans is estimated based on discounted contractual cash flows or underlying collateral values, where applicable. A loan is determined to be impaired if the Company believes it is probable that all principal and interest amounts due according to the terms of the note will not be collected as scheduled. The fair value of impaired loans is determined in accordance with ASC 310-10, Accounting by Creditors for Impairment of a Loan Other Real Estate Owned: The fair value of other real estate owned (“OREO”) is determined using certified appraisals, internal evaluations and broker price opinions that value the property at its highest and best uses by applying traditional valuation methods common to the industry. The Company does not hold any OREO for profit purposes and all other real estate is actively marketed for sale. In most cases, management has determined that additional write-downs are required beyond what is calculable from the appraisal to carry the property at levels that would attract buyers. Because this additional write-down is not based on observable inputs, management has determined that other real estate owned should be classified as Level 3. Covered Other Real Estate Owned: Covered other real estate owned includes other real estate owned on which the majority of losses would be covered by loss-sharing agreements with the FDIC. Management initially valued these assets at fair value using mostly unobservable inputs and, as such, has classified these assets as Level 3. Intangible Assets: Intangible assets consist of core deposit premiums acquired in connection with business combinations and are based on the established value of acquired customer deposits. The core deposit premium is initially recognized based on a valuation performed as of the consummation date and is amortized over an estimated useful life of three to ten years. FDIC Loss-Share Receivable: Because the FDIC will reimburse the Company for certain acquired loans should the Company experience a loss, an indemnification asset is recorded at fair value at the acquisition date. The indemnification asset is recognized at the same time as the indemnified loans, and measured on the same basis, subject to collectability or contractual limitations. The shared loss agreements on the acquisition date reflect the reimbursements expected to be received from the FDIC, using an appropriate discount rate, which reflects counterparty credit risk and other uncertainties. The shared loss agreements continue to be measured on the same basis as the related indemnified loans, and the loss-share receivable is impacted by changes in estimated cash flows associated with these loans. Accrued Interest Receivable/Payable: The carrying amount of accrued interest receivable and accrued interest payable approximates fair value. Cash Value of Bank Owned Life Insurance: The carrying value of cash value of bank owned life insurance approximates fair value. Deposits: The carrying amount of demand deposits, savings deposits and variable-rate certificates of deposit approximates fair value. The fair value of fixed-rate certificates of deposit is estimated based on discounted contractual cash flows using interest rates currently offered for certificates with similar maturities. Securities Sold under Agreements to Repurchase and Other Borrowings: The carrying amount of variable rate borrowings and securities sold under repurchase agreements approximates fair value and are classified as Level 1. The fair value of fixed rate other borrowings is estimated based on discounted contractual cash flows using the current incremental borrowing rates for similar borrowing arrangements and are classified as Level 2. Subordinated Deferrable Interest Debentures: The fair value of the Company’s variable rate trust preferred securities is based primarily upon discounted cash flows using rates for securities with similar terms and remaining maturities and are classified as Level 2. Off-Balance-Sheet Instruments: Because commitments to extend credit and standby letters of credit are typically made using variable rates and have short maturities, the carrying value and fair value are immaterial for disclosure. Derivatives: The Company has entered into derivative financial instruments to manage interest rate risk. The valuation of these instruments is determined using widely accepted valuation techniques including discounted cash flow analysis on the expected cash flows of the derivatives. This analysis reflects the contractual terms of the derivative, including the period to maturity, and uses observable market-based inputs, including interest rate curves and implied volatilities. The fair value of the derivatives is determined using the market standard methodology of netting the discounted future fixed cash receipts and the discounted expected variable cash payments. The variable cash payments are based on an expectation of future interest rates (forward curves derived from observable market interest rate curves). The Company incorporates credit valuation adjustments to appropriately reflect both its own nonperformance risk and the respective counterparty’s nonperformance risk in the fair value measurements. In adjusting the fair value of its derivative contracts for the effect of nonperformance risk, the Company has considered the impact of netting any applicable credit enhancements such as collateral postings, thresholds, mutual puts and guarantees. Although the Company has determined that the majority of the inputs used to value its derivatives fall within Level 2 of the fair value hierarchy, the credit valuation adjustments associated with its derivatives utilize Level 3 inputs, such as estimates of current credit spreads to evaluate the likelihood of default by itself or the counterparty. However, as of June 30, 2016, December 31, 2015 and June 30, 2015, the Company has assessed the significance of the impact of the credit valuation adjustments on the overall valuation of its derivative positions and has determined that the credit valuation adjustment is not significant to the overall valuation of its derivatives. As a result, the Company has determined that its derivative valuation in its entirety is classified in Level 2 of the fair value hierarchy. The following table presents the fair value measurements of assets and liabilities measured at fair value on a recurring basis and the level within the fair value hierarchy in which the fair value measurements fall as of June 30, 2016, December 31, 2015 and June 30, 2015 (dollars in thousands): Fair Value Measurements on a Recurring Basis Fair Value Quoted Prices Significant Significant U.S. government agencies $ 6,037 $ - $ 6,037 $ - State, county and municipal securities 158,386 - 158,386 - Corporate debt securities 20,303 - 18,803 1,500 Mortgage-backed securities 658,920 - 658,920 - Mortgage loans held for sale 102,757 - 102,757 - Mortgage banking derivative instruments 5,752 - 5,752 - Total recurring assets at fair value $ 952,155 $ - $ 950,655 $ 1,500 Derivative financial instruments $ 3,535 - $ 3,535 - Mortgage banking derivative instruments $ 1,614 - 1,614 - Total recurring liabilities at fair value $ 5,149 $ - $ 5,149 $ - Fair Value Measurements on a Recurring Basis Fair Value Quoted Prices Significant Significant U.S. government agencies $ 14,890 $ - $ 14,890 $ - State, county and municipal securities 161,316 - 161,316 - Corporate debt securities 6,017 - 3,019 2,998 Mortgage-backed securities 600,962 - 600,962 - Mortgage loans held for sale 111,182 - 111,182 - Mortgage banking derivative instruments 2,687 - 2,687 - Total recurring assets at fair value $ 897,054 $ - $ 894,056 $ 2,998 Derivative financial instruments $ 1,439 $ - $ 1,439 $ - Mortgage banking derivative instruments 137 - 137 - Total recurring liabilities at fair value $ 1,576 $ - $ 1,576 $ - Fair Value Measurements on a Recurring Basis Fair Value Quoted Prices Significant Significant U.S. government agencies $ 14,746 $ - $ 14,746 $ - State, county and municipal securities 167,372 - 167,372 - Corporate debt securities 12,836 - 10,336 2,500 Mortgage-backed securities 667,200 - 667,200 - Mortgage loans held for sale 108,829 - 108,829 - Mortgage banking derivative instruments 3,775 - 3,775 - Total recurring assets at fair value $ 974,758 $ - $ 972,258 $ 2,500 Derivative financial instruments $ 1,306 $ - $ 1,306 $ - Total recurring liabilities at fair value $ 1,306 $ - $ 1,306 $ - Fair Value Measurements on a Nonrecurring Basis Fair Quoted Prices Significant Significant Impaired loans carried at fair value $ 26,574 $ - $ - $ 26,574 Other real estate owned 1,017 - - 1,017 Purchased, non-covered other real estate owned 13,928 - - 13,928 Covered other real estate owned 2,742 - - 2,742 Total nonrecurring assets at fair value $ 44,261 $ - $ - $ 44,261 Fair Value Measurements on a Nonrecurring Basis Fair Quoted Prices Significant Significant Impaired loans carried at fair value $ 27,069 $ - $ - $ 27,069 Other real estate owned 10,456 - - 10,456 Purchased, non-covered other real estate owned 14,333 - - 14,333 Covered other real estate owned 5,011 - - 5,011 Total nonrecurring assets at fair value $ 56,869 $ - $ - $ 56,869 Fair Value Measurements on a Nonrecurring Basis Fair Quoted Prices Significant Significant Impaired loans carried at fair value $ 29,228 $ - $ - $ 29,228 Other real estate owned 11,069 - - 11,069 Purchased, non-covered other real estate owned 13,112 - - 13,112 Covered other real estate owned 12,626 - - 12,626 Total nonrecurring assets at fair value $ 66,035 $ - $ - $ 66,035 The inputs used to determine estimated fair value of impaired loans and covered loans include market conditions, loan terms, underlying collateral characteristics and discount rates. The inputs used to determine fair value of other real estate owned and covered other real estate owned include market conditions, estimated marketing period or holding period, underlying collateral characteristics and discount rates. For the six months ended June 30, 2016, the year ended December 31, 2015 and the six months ended June 30, 2015, there was not a change in the methods and significant assumptions used to estimate fair value. Fair Value Valuation Technique Unobservable Inputs Range of Weighted As of June 30, 2016 Nonrecurring: Impaired loans $ 26,574 Third-party appraisals and discounted cash flows Collateral discounts and discount rates 15% - 100% 28 % Other real estate owned $ 1,017 Third-party appraisals, sales contracts, broker price opinions Collateral discounts and estimated costs to sell 10%-90% 13 % Purchased non-covered other real estate owned $ 13,928 Third-party appraisals Collateral discounts and estimated costs to sell 10% -78% 16 % Covered other real estate owned $ 2,742 Third-party appraisals Collateral discounts and estimated costs to sell 15% - 56% 16 % Recurring: Investment securities available for sale $ 1,500 Discounted par values Credit quality of underlying issuer 0% 0 % As of December 31, 2015 Nonrecurring: Impaired loans $ 27,069 Third-party appraisals and discounted cash flows Collateral discounts and discount rates 0% - 100% 29 % Other real estate owned $ 10,456 Third-party appraisals, sales contracts, broker price opinions Collateral discounts and estimated costs to sell 10% -90% 13 % Purchased non-covered other real estate owned $ 14,333 Third-party appraisals Collateral discounts and estimated costs to sell 10% -69% 19 % Covered real estate owned $ 5,011 Third-party appraisals Collateral discounts and estimated costs to sell 0% - 74% 12 % Recurring: Investment securities available for sale $ 2,998 Discounted par values Credit quality of underlying issuer 0% 0 % As of June 30, 2015 Nonrecurring: Impaired loans $ 29,228 Third-party appraisals and discounted cash flows Collateral discounts and discount rates 4% - 75% 24 % Other real estate owned $ 11,069 Third-party appraisals, sales contracts, broker price opinions Collateral discounts and estimated costs to sell 10% 10 % Purchased non-covered other real estate owned $ 13,112 Third-party appraisals Collateral discounts and estimated costs to sell 10% -85% 19 % Covered other real estate owned $ 12,626 Third-party appraisals Collateral discounts and estimated costs to sell 10% - 70% 12 % Recurring: Investment securities available for sale $ 2,500 Discounted par values Credit quality of underlying issuer 0% 0 % Fair Value Measurements at June 30, 2016 Using: Carrying Level 1 Level 2 Level 3 Total (Dollars in Thousands) Financial assets: Cash and due from banks $ 116,255 $ 116,255 $ - $ - $ 116,255 Federal funds sold and interest-bearing accounts 68,273 68,273 - - 68,273 Loans, net 4,677,580 - - 4,674,993 4,674,993 Accrued interest receivable 19,734 19,734 - - 19,734 Financial liabilities: Deposits $ 5,179,532 $ - $ 5,180,700 $ - $ 5,180,700 Securities sold under agreements to repurchase 37,139 37,139 - - 37,139 FDIC loss-share payable 1,897 - - 6,944 6,944 Other borrowings 260,191 - 260,191 - 260,191 Accrued interest payable 1,129 1,129 - - 1,129 Subordinated deferrable interest debentures 83,570 - 67,484 - 67,484 Fair Value Measurements at December 31, 2015 Using: Carrying Level 1 Level 2 Level 3 Total (Dollars in Thousands) Financial assets: Cash and due from banks $ 118,518 $ 118,518 $ - $ - $ 118,518 Federal funds sold and interest-bearing accounts 272,045 272,045 - - 272,045 Loans, net 3,971,974 - - 3,982,606 3,982,606 FDIC loss-share receivable 6,301 - - (944) (944) Accrued interest receivable 21,274 21,274 - - 21,274 Financial liabilities: Deposits $ 4,879,290 $ - $ 4,880,294 $ - $ 4,880,294 Securities sold under agreements to repurchase 63,585 63,585 - - 63,585 Other borrowings 39,000 - 39,000 - 39,000 Accrued interest payable 1,054 1,054 - - 1,054 Subordinated deferrable interest debentures 69,874 - 52,785 - 52,785 Fair Value Measurements at June 30, 2015 Using: Carrying Level 1 Level 2 Level 3 Total (Dollars in Thousands) Financial assets: Cash and due from banks $ 115,413 $ 115,413 $ - $ - $ 115,413 Federal funds sold and interest-bearing accounts 239,804 239,804 - - 239,804 Loans, net 3,407,609 - - 3,428,008 3,428,008 FDIC loss-share receivable 14,957 - - 5,295 5,295 Accrued interest receivable 17,648 17,648 - - 17,648 Financial liabilities: Deposits $ 4,511,547 $ - $ 4,513,218 $ - $ 4,513,218 Securities sold under agreements to repurchase 75,066 75,066 - - 75,066 Other borrowings 39,000 - 39,000 - 39,000 Accrued interest payable 1,239 1,239 - - 1,239 Subordinated deferrable interest debentures 69,325 - 50,924 - 50,924 |
SEGMENT REPORTING
SEGMENT REPORTING | 6 Months Ended |
Jun. 30, 2016 | |
Segment Reporting [Abstract] | |
SEGMENT REPORTING | NOTE 13 SEGMENT REPORTING Three Months Ended Banking Division Retail Mortgage Warehouse SBA Division Total (Dollars in Thousands) Interest income $ 53,534 $ 3,293 $ 1,622 $ 891 $ 59,340 Interest expense 4,594 - - 157 4,751 Net interest income 48,940 3,293 1,622 734 54,589 Provision for loan losses 733 93 - 63 889 Noninterest income 13,018 13,304 440 1,617 28,379 Noninterest expense Salaries and employee benefits 18,428 8,304 108 691 27,531 Equipment and occupancy expenses 5,901 405 1 64 6,371 Data processing and telecommunications expenses 5,685 338 25 1 6,049 Other expenses 11,071 1,133 26 178 12,408 Total noninterest expense 41,085 10,180 160 934 52,359 Income before income tax expense 20,140 6,324 1,902 1,354 29,720 Income tax expense 6,318 2,213 666 474 9,671 Net income $ 13,822 $ 4,111 $ 1,236 $ 880 $ 20,049 Total assets $ 5,691,976 $ 306,932 $ 150,823 $ 71,563 $ 6,221,294 Other intangible assets, net, $ 20,574 $ - $ - $ - $ 20,574 Goodwill $ 121,422 $ - $ - $ - $ 121,422 Three Months Ended Banking Division Retail Mortgage Warehouse SBA Division Total (Dollars in Thousands) Interest income $ 40,252 $ 1,979 $ 1,179 $ 819 $ 44,229 Interest expense 3,446 - - 95 3,541 Net interest income 36,806 1,979 1,179 724 40,688 Provision for loan losses 2,456 200 - - 2,656 Noninterest income 9,262 9,095 383 1,886 20,626 Noninterest expense Salaries and employee benefits 15,675 5,592 99 1,099 22,465 Equipment and occupancy expenses 4,376 396 1 36 4,809 Data processing and telecommunications expenses 3,913 279 20 2 4,214 Other expenses 24,048 1,150 19 159 25,376 Total noninterest expense 48,012 7,417 139 1,296 56,864 Income (loss) before income tax expense (benefit) (4,400) 3,457 1,423 1,314 1,794 Income tax expense (benefit) (1,682) 1,210 498 460 486 Net income (loss) $ (2,718) $ 2,247 $ 925 $ 854 $ 1,308 Total assets $ 4,823,335 $ 235,067 $ 82,913 $ 64,419 $ 5,205,734 Other intangible assets, net $ 19,189 $ - $ - $ - $ 19,189 Goodwill $ 87,367 $ - $ - $ - $ 87,367 The following tables present selected financial information with respect to the Company’s reportable business segments for the six months ended June 30, 2016 and 2015: Six Months Ended Banking Retail Mortgage Warehouse SBA Division Total (Dollars in Thousands) Interest income $ 103,313 $ 6,313 $ 2,641 $ 1,632 $ 113,899 Interest expense 8,572 - - 302 8,874 Net interest income 94,741 6,313 2,641 1,330 105,025 Provision for loan losses 1,414 93 - 63 1,570 Noninterest income 25,753 22,928 773 3,211 52,665 Noninterest expense Salaries and employee benefits 37,417 14,651 296 1,354 53,718 Equipment and occupancy expenses 11,051 893 2 125 12,071 Data processing and telecommunications expenses 11,505 610 45 2 12,162 Other expenses 27,507 2,089 51 361 30,008 Total noninterest expense 87,480 18,243 394 1,842 107,959 Income before income tax expense 31,600 10,905 3,020 2,636 48,161 Income tax expense 9,999 3,816 1,057 923 15,795 Net income $ 21,601 $ 7,089 $ 1,963 $ 1,713 $ 32,366 Six Months Ended Banking Division Retail Mortgage Warehouse SBA Division Total (Dollars in Thousands) Interest income $ 79,549 $ 3,524 $ 2,014 $ 1,510 $ 86,597 Interest expense 6,904 - - 173 7,077 Net interest income 72,645 3,524 2,014 1,337 79,520 Provision for loan losses 3,383 342 - - 3,725 Noninterest income 18,042 16,705 656 2,798 38,201 Noninterest expense Salaries and employee benefits 31,037 10,119 226 1,715 43,097 Equipment and occupancy expenses 8,520 776 3 64 9,363 Data processing and telecommunications expenses 7,924 491 53 6 8,474 Other expenses 34,404 2,082 55 216 36,757 Total noninterest expense 81,885 13,468 337 2,001 97,691 Income before income tax expense 5,419 6,419 2,333 2,134 16,305 Income tax expense 1,423 2,246 817 747 5,233 Net income $ 3,996 $ 4,173 $ 1,516 $ 1,387 $ 11,072 |
BASIS OF PRESENTATION AND ACC22
BASIS OF PRESENTATION AND ACCOUNTING POLICIES (Policies) | 6 Months Ended |
Jun. 30, 2016 | |
Accounting Policies [Abstract] | |
Newly Issued Accounting Pronouncements | Newly Issued Accounting Pronouncements ASU 2016-13 - Financial InstrumentsCredit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments significantly changes how entities will measure credit losses for most financial assets and certain other instruments that are not measured at fair value through net income. The standard will replace the current incurred loss approach with an expected loss model, referred to as the current expected credit loss (“CECL”) model. The new standard will apply to financial assets subject to credit losses and measured at amortized cost and certain off-balance sheet credit exposures, which include, but are not limited to, loans, leases, held-to-maturity securities, loan commitments and financial guarantees. ASU 2016-13 simplifies the accounting for purchased credit-impaired debt securities and loans and expands the disclosure requirements regarding an entity’s assumptions, models and methods for estimating the allowance for loan and lease losses. In addition, entities will need to disclose the amortized cost balance for each class of financial asset by credit quality indicator, disaggregated by the year of origination. ASU 2016-13 is effective for interim and annual reporting periods beginning after December 15, 2019. Early adoption is permitted for interim and annual reporting periods beginning after December 15, 2018. ASU 2016-09 Improvements to Employee Share-Based Payment Accounting ASU 2016-02 Leases (Topic 842) ASU 2015-16 Business Combinations (Topic 805) - Simplifying the Accounting for Measurement-Period Adjustments ASU 2015-03 Interest Imputation of Interest ASU 2015-03 . It should be applied on a retrospective basis. The adoption of this standard did not have a material effect on the Company’s ASU 2015-02 “ Consolidation (Topic 810) - Amendments to the Consolidation Analysis . ASU 2015-01- Income Statement Extraordinary and Unusual Items eliminates the concept of extraordinary items by no longer allowing companies to segregate an extraordinary item from the results of operations, separately present an extraordinary item on the income statement, or disclose income taxes or earnings-per-share data applicable to an extraordinary item. ASU 2015-01 . The adoption of this standard did not have a material effect on the Company’s results of operations, financial position or disclosures. ASU 2014-09 Revenue from Contracts with Customers |
BUSINESS COMBINATIONS (Tables)
BUSINESS COMBINATIONS (Tables) | 6 Months Ended |
Jun. 30, 2016 | |
Summary of Contractually Required Principal and Interest Cash Payment of the Loans As of Acquisition Date for Purchased Credit Impaired Loans | The table below summarizes the total contractually required principal and interest cash payments, management’s estimate of expected total cash payments and fair value of the loans as of acquisition date for purchased credit impaired loans. Contractually required principal and interest payments have been adjusted for estimated (Dollars in Thousands) Contractually required principal and interest $ 42,314 Non-accretable difference (7,877) Cash flows expected to be collected 34,437 Accretable yield (6,182) Total purchased credit-impaired loans acquired $ 28,255 |
Rollforward of Acquired Non-Covered Loans | A rollforward of purchased non-covered loans for the six months ended June 30, 2016, the year ended December 31, 2015 and the six months ended June 30, 2015 is shown below: (Dollars in Thousands) June 30, December 31, June 30, Balance, January 1 $ 771,554 $ 674,239 $ 674,239 Charge-offs, net of recoveries (461) (991) (470) Additions due to acquisitions 401,085 195,818 195,818 Accretion 6,597 10,590 5,388 Transfers to purchased non-covered other real estate owned (2,663) (4,473) (2,039) Transfer from covered loans due to loss-share expiration - 50,568 15,462 Payments received (103,985) (154,666) (80,085) Other 90 469 - Ending balance $ 1,072,217 $ 771,554 $ 808,313 |
Schedule of Changes in Accretable Discounts Related Acquired Loans | The following is a summary of changes in the accretable discounts of purchased non-covered loans during the six months ended June 30, 2016, the year ended December 31, 2015 and the six months ended June 30, 2015: (Dollars in Thousands) June 30, December 31, June 30, Balance, January 1 $ 24,785 $ 25,716 $ 25,716 Additions due to acquisitions 9,991 5,788 4,686 Accretion (6,597) (10,590) (5,388) Transfer from covered loans due to loss-share expiration - 1,665 - Accretable discounts removed due to charge-offs (11) (1,768) (1,685) Transfers between non-accretable and accretable discounts, net 1,914 3,974 (1,007) Ending balance $ 30,082 $ 24,785 $ 22,322 |
Bank Of America [Member] | |
Estimated Fair Value of Assets Acquired and Liabilities Assumed | The following table presents the assets acquired and liabilities assumed as of June 12, 2015 and their fair value estimates. (Dollars in Thousands) As Recorded by Initial Fair Value Subsequent As Recorded Assets Cash and cash equivalents $ 630,220 $ - $ - $ 630,220 Loans 4,363 - (364) (d) 3,999 Premises and equipment 10,348 1,060 (a) (755) (e) 10,653 Intangible assets - 7,651 (b) 985 (f) 8,636 Other assets 126 - - 126 Total assets $ 645,057 $ 8,711 $ (134) $ 653,634 Liabilities Deposits: Noninterest-bearing $ 149,854 $ - $ - $ 149,854 Interest-bearing 495,110 (215) (c) - 494,895 Total deposits 644,964 (215) - 644,749 Other liabilities 93 - - 93 Total liabilities 645,057 (215) - 644,842 Net identifiable assets acquired over (under) liabilities assumed - 8,926 (134) 8,792 Goodwill - 11,076 134 11,210 Net assets acquired over (under) liabilities assumed $ - $ 20,002 $ - $ 20,002 Consideration: Cash paid as deposit premium $ 20,002 Fair value of total consideration transferred $ 20,002 Explanation of fair value adjustments (a) Adjustment reflects the fair value adjustments of the premises and equipment as of the acquisition date. (b) Adjustment reflects the recording of core deposit intangible on the acquired core deposit accounts. (c) Adjustment reflects the fair value adjustments based on the Company’s evaluation of the acquired deposits. (d) Adjustment reflects the fair value adjustments based on the Company’s evaluation of the acquired loan portfolio. (e) Adjustment reflects additional recording of fair value adjustment of the premises and equipment. (f) Adjustment reflects additional recording of core deposit intangible on the acquired core deposit accounts. |
Merchants and Southern Banks of Florida [Member] | |
Estimated Fair Value of Assets Acquired and Liabilities Assumed | The following table presents the assets acquired and liabilities of Merchants assumed as of May 22, 2015 and their fair value estimates. (Dollars in Thousands) As Recorded by Initial Fair Subsequent As Recorded Assets Cash and cash equivalents $ 7,527 $ - $ - $ 7,527 Federal funds sold and interest-bearing balances 106,188 - - 106,188 Investment securities 164,421 (533) (a) (639) (j) 163,229 Other investments 872 - (253) (k) 619 Loans 199,955 (8,500) (b) 91 (o) 191,546 Less allowance for loan losses (3,354) 3,354 (c) - - Loans, net 196,601 (5,146) 91 191,546 Other real estate owned 4,082 (1,115) (d) - 2,967 Premises and equipment 14,614 (3,680) (e) - 10,934 Intangible assets - 4,577 (f) (634) (l) 3,943 Other assets 2,333 2,335 (g) (1,109) (m) 3,559 Total assets $ 496,638 $ (3,582) $ (2,544) $ 490,512 Liabilities Deposits: Noninterest-bearing $ 121,708 $ - $ - $ 121,708 Interest-bearing 286,112 - 41,588 (n) 327,700 Total deposits 407,820 - 41,588 449,408 Federal funds purchased and securities sold under agreements to repurchase 41,588 - (41,588) (n) - Other liabilities 2,151 81 (h) - 2,232 Subordinated deferrable interest debentures 6,186 (2,680) (i) - 3,506 Total liabilities 457,745 (2,599) - 455,146 Net identifiable assets acquired over (under) liabilities assumed 38,893 (983) (2,544) 35,366 Goodwill - 12,090 2,544 14,634 Net assets acquired over (under) liabilities assumed $ 38,893 $ 11,107 $ - $ 50,000 Consideration: Cash exchanged for shares $ 50,000 Fair value of total consideration transferred $ 50,000 Explanation of fair value adjustments (a) Adjustment reflects the fair value adjustments of the portfolio of securities available for sale as of the acquisition date. (b) Adjustment reflects the fair value adjustments based on the Company’s evaluation of the acquired loan portfolio. (c) Adjustment reflects the elimination of Merchants’ allowance for loan losses. (d) Adjustment reflects the fair value adjustment based on the Company’s evaluation of the acquired OREO portfolio. (e) Adjustment reflects the fair value adjustment based on the Company’s evaluation of the acquired premises. (f) Adjustment reflects the recording of core deposit intangible on the acquired core deposit accounts. (g) Adjustment reflects the deferred taxes on the difference in the carrying values of acquired assets and assumed liabilities for financial reporting purposes and their basis for federal income tax purposes. (h) Adjustment reflects the fair value adjustments based on the Company’s evaluation of interest rate swap liabilities. (i) Adjustment reflects the fair value adjustment to the subordinated deferrable interest debentures at the acquisition date. (j) Adjustment reflects the additional fair value adjustments of the portfolio of securities available for sale as of the acquisition date. (k) Adjustment reflects the fair value adjustments of other investments as of the acquisition date. (l) Adjustment reflects adjustment to the core deposit intangible on the acquired core deposit accounts. (m) Adjustment reflects the additional deferred taxes on the difference in the carrying values of acquired assets and assumed liabilities for financial reporting purposes and their basis for federal income tax purposes. (n) Subsequent to acquisition, the acquired securities sold under agreements to repurchase were converted to deposit accounts and are no longer reported as securities sold under agreements to repurchase on the Consolidated Balance Sheet as of December 31, 2015. (o) Adjustment reflects additional recording of fair value adjustment of the acquired loan portfolio. |
Pro Forma Information of Acquisitions | The following unaudited pro forma information reflects the Company’s estimated consolidated results of operations as if the acquisitions had occurred on January 1, 2015, unadjusted for potential cost savings (in thousands). Three Months Ended Six Months Ended 2016 2015 2016 2015 Net interest income and noninterest income $ 82,968 $ 66,635 $ 161,766 $ 127,924 Net income $ 20,049 $ 5,086 $ 33,101 $ 16,178 Net income available to common stockholders $ 20,049 $ 5,086 $ 33,101 $ 16,178 Income per common share available to common stockholders basic $ 0.58 $ 0.15 $ 0.95 $ 0.48 Income per common share available to common stockholders diluted $ 0.57 $ 0.15 $ 0.94 $ 0.47 Average number of shares outstanding, basic 34,833 34,734 34,786 33,867 Average number of shares outstanding, diluted 35,153 35,069 35,101 34,202 |
Summary of Contractually Required Principal and Interest Cash Payment of the Loans As of Acquisition Date for Purchased Credit Impaired Loans | The table below summarizes the total contractually required principal and interest cash payments, management’s estimate of expected total cash payments and fair value of the loans as of acquisition date for purchased credit impaired loans. Contractually required principal and interest payments have been adjusted for estimated prepayments. (Dollars in Thousands) Contractually required principal and interest $ 17,201 Non-accretable difference (2,712) Cash flows expected to be collected 14,489 Accretable yield (3,254) Total purchased credit-impaired loans acquired $ 11,235 |
Schedule of Acquired Loans | The following table presents the acquired loan data for the Merchants acquisition. Fair Value of Gross Best Estimate (Dollars in Thousands) Acquired receivables subject to ASC 310-30 $ 11,235 $ 14,086 $ 2,712 Acquired receivables not subject to ASC 310-30 $ 180,311 $ 184,906 $ - |
Jacksonville Bancorp, Inc [Member] | |
Estimated Fair Value of Assets Acquired and Liabilities Assumed | The following table presents the assets acquired and liabilities of JAXB assumed as of March 11, 2016 and their initial fair value estimates. The fair value adjustments shown in the following table continue to be evaluated by management and may be subject to further adjustment: (Dollars in Thousands) As Recorded by Initial Fair As Recorded Assets Cash and cash equivalents $ 9,704 $ - $ 9,704 Federal funds sold and interest-bearing balances 7,027 - 7,027 Investment securities 60,836 (942) (a) 59,894 Other investments 2,458 - 2,458 Loans 416,831 (15,746) (b) 401,085 Less allowance for loan losses (12,613) 12,613 (c) - Loans, net 404,218 (3,133) 401,085 Other real estate owned 2,873 (1,035) (d) 1,838 Premises and equipment 4,798 - 4,798 Intangible assets 288 5,566 (e) 5,854 Other assets 14,141 23,266 (f) 37,407 Total assets $ 506,343 $ 23,722 $ 530,065 Liabilities Deposits: Noninterest-bearing $ 123,399 $ - $ 123,399 Interest-bearing 277,539 421 (g) 277,960 Total deposits 400,938 421 401,359 Other borrowings 48,350 84 (h) 48,434 Other liabilities 2,354 - 2,354 Subordinated deferrable interest debentures 16,294 (3,393) (i) 12,901 Total liabilities 467,936 (2,888) 465,048 Net identifiable assets acquired over (under) liabilities assumed 38,407 26,610 65,017 Goodwill - 31,375 31,375 Net assets acquired over (under) liabilities assumed $ 38,407 $ 57,985 $ 96,392 Consideration: Ameris Bancorp common shares issued 2,549,469 Purchase price per share of the Company's common stock $ 28.42 Company common stock issued 72,455 Cash exchanged for shares 23,937 Fair value of total consideration transferred $ 96,392 Explanation of fair value adjustments (a) Adjustment reflects the fair value adjustments of the portfolio of securities available for sale as of the acquisition date. (b) Adjustment reflects the fair value adjustments based on the Company’s evaluation of the acquired loan portfolio, net of the reversal of JAXB remaining fair value adjustments from their prior acquisitions. (c) Adjustment reflects the elimination of JAXB’s allowance for loan losses. (d) Adjustment reflects the fair value adjustment based on the Company’s evaluation of the acquired OREO portfolio, which is based largely on contracted sale prices. (e) Adjustment reflects the recording of core deposit intangible on the acquired core deposit accounts. (f) Adjustment reflects the deferred taxes on the difference in the carrying values of acquired assets and assumed liabilities for financial reporting purposes and their basis for federal income tax purposes and the reversal of JAXB valuation allowance established on their deferred tax assets. (g) Adjustment reflects the fair value adjustments based on the Company’s evaluation of the acquired deposits. (h) Adjustment reflects the fair value adjustments based on the Company’s evaluation of the liability for other borrowings. (i) Adjustment reflects the fair value adjustment to the subordinated deferrable interest debentures at the acquisition date, net of the reversal of JAXB remaining fair value adjustments from their prior acquisitions. |
Schedule of Acquired Loans | The following table presents the acquired loan data for the JAXB acquisition. Fair Value of Gross Best Estimate (Dollars in Thousands) Acquired receivables subject to ASC 310-30 $ 28,255 $ 42,314 $ 7,877 Acquired receivables not subject to ASC 310-30 $ 372,830 $ 488,346 $ - |
INVESTMENT SECURITIES (Tables)
INVESTMENT SECURITIES (Tables) | 6 Months Ended |
Jun. 30, 2016 | |
Investments, Debt and Equity Securities [Abstract] | |
Amortized Cost and Estimated Fair Value of Investment Securities Available for Sale | The amortized cost and estimated fair value of investment securities available for sale at June 30, 2016, December 31, 2015 and June 30, 2015 are presented below: Amortized Gross Gross Fair (Dollars in Thousands) June 30, 2016: U.S. government agencies $ 5,999 $ 38 $ - $ 6,037 State, county and municipal securities 151,504 6,936 (54) 158,386 Corporate debt securities 20,151 174 (22) 20,303 Mortgage-backed securities 645,045 14,053 (178) 658,920 Total debt securities $ 822,699 $ 21,201 $ (254) $ 843,646 December 31, 2015: U.S. government agencies $ 14,959 $ - $ (69) $ 14,890 State, county and municipal securities 157,681 4,046 (411) 161,316 Corporate debt securities 5,900 145 (28) 6,017 Mortgage-backed securities 599,721 3,945 (2,704) 600,962 Total debt securities $ 778,261 $ 8,136 $ (3,212) $ 783,185 June 30, 2015: U.S. government agencies $ 14,956 $ - $ (210) $ 14,746 State, county and municipal securities 165,070 3,305 (1,003) 167,372 Corporate debt securities 12,710 184 (58) 12,836 Mortgage-backed securities 665,274 4,948 (3,022) 667,200 Total debt securities $ 858,010 $ 8,437 $ (4,293) $ 862,154 |
Amortized Cost and Fair Value of Available for Sale Securities by Contractual Maturity | The amortized cost and fair value of available-for-sale securities at June 30, 2016 by contractual maturity are summarized in the table below. Expected maturities for mortgage-backed securities may differ from contractual maturities because in certain cases borrowers can prepay obligations without prepayment penalties. Therefore, these securities are not included in the following maturity summary. Amortized Fair (Dollars in Thousands) Due in one year or less $ 4,829 $ 4,875 Due from one year to five years 60,389 62,119 Due from five to ten years 52,279 55,280 Due after ten years 60,157 62,452 Mortgage-backed securities 645,045 658,920 $ 822,699 $ 843,646 |
Schedule of Gross Unrealized Losses and Fair Value of Securities | The following table details the gross unrealized losses and fair value of securities aggregated by category and duration of continuous unrealized loss position at June 30, 2016, December 31, 2015 and June 30, 2015. Less Than 12 Months 12 Months or More Total Description of Securities Fair Unrealized Fair Unrealized Fair Unrealized (Dollars in Thousands) June 30, 2016: U.S. government agencies $ - $ - $ - $ - $ - $ - State, county and municipal securities - - 3,862 (54) 3,862 (54) Corporate debt securities 5,683 (22) - - 5,683 (22) Mortgage-backed securities 30,187 (128) 9,411 (50) 39,598 (178) Total debt securities $ 35,870 $ (150) $ 13,273 $ (104) $ 49,143 $ (254) December 31, 2015: U.S. government agencies $ 9,932 $ (27) $ 4,958 $ (42) $ 14,890 $ (69) State, county and municipal securities 19,293 (199) 11,557 (212) 30,850 (411) Corporate debt securities 1,383 (28) - - 1,383 (28) Mortgage-backed securities 263,281 (1,950) 29,950 (754) 293,231 (2,704) Total debt securities $ 293,889 $ (2,204) $ 46,465 $ (1,008) $ 340,354 $ (3,212) June 30, 2015: U.S. government agencies $ 9,818 $ (138) $ 4,928 $ (72) $ 14,746 $ (210) State, county and municipal securities 50,294 (680) 10,404 (323) 60,698 (1,003) Corporate debt securities 7,149 (58) - - 7,149 (58) Mortgage-backed securities 238,174 (2,046) 30,672 (976) 268,846 (3,022) Total debt securities $ 305,435 $ (2,922) $ 46,004 $ (1,371) $ 351,439 $ (4,293) |
Gross Realized Gains And Losses On Sales Of Available For Sale Securities | The following table is a summary of sales activities in the Company’s investment securities available for sale for the six months ended June 30, 2016, year ended December 31, 2015 and six months ended June 30, 2015: June 30, 2016 December 31, 2015 June 30, 2015 (Dollars in Thousands) Gross gains on sales of securities $ 313 $ 396 $ 41 Gross losses on sales of securities (219) (259) (19) Net realized gains on sales of securities available for sale $ 94 $ 137 $ 22 Sales proceeds $ 46,731 $ 72,528 $ 30,113 |
LOANS (Tables)
LOANS (Tables) | 6 Months Ended |
Jun. 30, 2016 | |
Schedule of Accounts Notes Loans and Financial Receivables | Balances within the major loans receivable categories are presented in the following table, excluding purchased non-covered and covered loans: (Dollars in Thousands) June 30, December 31, June 30, Commercial, financial and agricultural $ 564,343 $ 449,623 $ 373,202 Real estate construction and development 274,717 244,693 205,019 Real estate commercial and farmland 1,248,580 1,104,991 1,010,195 Real estate residential 680,233 570,430 537,201 Consumer installment 33,245 31,125 30,080 Other 17,953 6,015 15,903 $ 2,819,071 $ 2,406,877 $ 2,171,600 |
Summary of Covered Loans According to Loan Type | Purchased non-covered loans are shown below according to major loan type as of the end of the periods shown: (Dollars in Thousands) June 30, December 31, June 30, Commercial, financial and agricultural $ 101,803 $ 45,462 $ 45,337 Real estate construction and development 89,096 72,080 75,302 Real estate commercial and farmland 574,830 390,755 404,588 Real estate residential 300,898 258,153 276,798 Consumer installment 5,590 5,104 6,288 $ 1,072,217 $ 771,554 $ 808,313 |
Schedule of Allowances for Loan Losses by Portfolio Segment | The following table details activity in the allowance for loan losses by portfolio segment for the six months ended June 30, 2016, the year ended December 31, 2015 and the six months ended June 30, 2015. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories. Commercial, Real estate Real estate Real estate - Consumer Purchased Covered Total (Dollars in Thousands) Three months ended June 30, 2016: Balance, March 31, 2016 $ 1,599 $ 3,925 $ 7,099 $ 4,631 $ 2,922 $ 1,306 $ - $ 21,482 Provision for loan losses 522 (438) 664 (259) (719) 653 466 889 Loans charged off (541) (109) (361) (123) (59) (111) (72) (1,376) Recoveries of loans previously charged off 87 221 57 14 16 208 136 739 Balance, June 30, 2016 $ 1,667 $ 3,599 $ 7,459 $ 4,263 $ 2,160 $ 2,056 $ 530 $ 21,734 Six months ended June 30, 2016: Balance, January 1, 2016 $ 1,144 $ 5,009 $ 7,994 $ 4,760 $ 1,574 $ 581 $ - $ 21,062 Provision for loan losses 1,310 (1,489) (5) (234) 663 1,027 298 1,570 Loans charged off (947) (264) (708) (591) (118) (418) (144) (3,190) Recoveries of loans previously charged off 160 343 178 328 41 866 376 2,292 Balance, June 30, 2016 $ 1,667 $ 3,599 $ 7,459 $ 4,263 $ 2,160 $ 2,056 $ 530 $ 21,734 Period-end amount allocated to: Loans individually evaluated for impairment (1) $ 137 $ 690 $ 997 $ 2,339 $ - $ 857 $ 530 $ 5,550 Loans collectively evaluated for impairment 1,530 2,909 6,462 1,924 2,160 1,199 - 16,184 Ending balance $ 1,667 $ 3,599 $ 7,459 $ 4,263 $ 2,160 $ 2,056 $ 530 $ 21,734 Loans: Individually evaluated for impairment (1) $ 819 $ 1,465 $ 11,870 $ 10,345 $ - $ 24,126 $ 17,625 $ 66,250 Collectively evaluated for impairment 563,524 273,252 1,236,710 669,888 51,198 1,546,707 41,853 4,383,132 Acquired with deteriorated credit quality - - - - - 111,809 61,940 173,749 Ending balance $ 564,343 $ 274,717 $ 1,248,580 $ 680,233 $ 51,198 $ 1,682,642 $ 121,418 $ 4,623,131 (1) At June 30, 2016, loans individually evaluated for impairment includes all nonaccrual loans greater than $100,000 and all troubled debt restructurings greater than $100,000, including all troubled debt restructurings and not only those currently classified as troubled debt restructurings. Commercial, Real estate Real estate Real estate - Consumer Purchased Covered Total (Dollars in Thousands) Twelve months ended December 31, 2015: Balance, January 1, 2015 $ 2,004 $ 5,030 $ 8,823 $ 4,129 $ 1,171 $ - $ - $ 21,157 Provision for loan losses (73) 278 1,221 2,067 676 344 751 5,264 Loans charged off (1,438) (622) (2,367) (1,587) (410) (950) (1,759) (9,133) Recoveries of loans previously charged off 651 323 317 151 137 1,187 1,008 3,774 Balance, December 31, 2015 $ 1,144 $ 5,009 $ 7,994 $ 4,760 $ 1,574 $ 581 $ - $ 21,062 Period-end amount allocated to: Loans individually evaluated for impairment (1) $ 126 $ 759 $ 1,074 $ 2,172 $ - $ - $ - $ 4,131 Loans collectively evaluated for impairment 1,018 4,250 6,920 2,588 1,574 581 - 16,931 Ending balance $ 1,144 $ 5,009 $ 7,994 $ 4,760 $ 1,574 $ 581 $ - $ 21,062 Loans: Individually evaluated for impairment (1) $ 323 $ 1,958 $ 11,877 $ 9,554 $ - $ 22,672 $ 22,317 $ 68,701 Collectively evaluated for impairment 449,300 242,735 1,093,114 560,876 37,140 1,261,821 52,451 3,697,437 Acquired with deteriorated credit quality - - - - - 80,024 62,761 142,785 Ending balance $ 449,623 $ 244,693 $ 1,104,991 $ 570,430 $ 37,140 $ 1,364,517 $ 137,529 $ 3,908,923 (1) At December 31, 2015, loans individually evaluated for impairment includes all nonaccrual loans greater than $200,000 and all troubled debt restructurings greater than $100,000, including all troubled debt restructurings and not only those currently classified as troubled debt restructurings. Commercial, Real estate Real estate Real estate - Consumer Purchased Covered Total (Dollars in Thousands) Three months ended June 30, 2015: Balance, March 31, 2015 $ 1,399 $ 5,311 $ 8,770 $ 5,008 $ 1,364 $ - $ - $ 21,852 Provision for loan losses 322 40 756 234 448 121 735 2,656 Loans charged off (410) (263) (1,162) (464) (153) (240) (850) (3,542) Recoveries of loans previously charged off 115 277 17 27 22 119 115 692 Balance, June 30, 2015 $ 1,426 $ 5,365 $ 8,381 $ 4,805 $ 1,681 $ - $ - $ 21,658 Six months ended June 30, 2015: Balance, January 1, 2015 $ 2,004 $ 5,030 $ 8,823 $ 4,129 $ 1,171 $ - $ - $ 21,157 Provision for loan losses (176) 387 700 1,324 665 (311) 1,136 3,725 Loans charged off (802) (360) (1,174) (732) (239) (470) (1,413) (5,190) Recoveries of loans previously charged off 400 308 32 84 84 781 277 1,966 Balance, June 30, 2015 $ 1,426 $ 5,365 $ 8,381 $ 4,805 $ 1,681 $ - $ - $ 21,658 Period-end amount allocated to: Loans individually evaluated for impairment (1) $ 450 $ 414 $ 1,242 $ 1,786 $ - $ - $ - $ 3,892 Loans collectively evaluated for impairment 976 4,951 7,139 3,019 1,681 - - 17,766 Ending balance $ 1,426 $ 5,365 $ 8,381 $ 4,805 $ 1,681 $ - $ - $ 21,658 Loans: Individually evaluated for impairment (1) $ 3,351 $ 1,437 $ 15,028 $ 8,069 $ - $ - $ - $ 27,885 Collectively evaluated for impairment 369,851 203,582 995,167 529,132 45,983 967,052 91,188 3,201,955 Acquired with deteriorated credit quality - - - - - 110,245 118,410 228,655 Ending balance $ 373,202 $ 205,019 $ 1,010,195 $ 537,201 $ 45,983 $ 1,077,297 $ 209,598 $ 3,458,495 (1) At June 30, 2015, loans individually evaluated for impairment includes all nonaccrual loans greater than $200,000 and all troubled debt restructurings greater than $100,000, including all troubled debt restructurings and not only those currently classified as troubled debt restructurings. |
Summary of Financial Receivable Nonaccrual Basis | The following table presents an analysis of loans accounted for on a nonaccrual basis, excluding purchased non-covered and covered loans: (Dollars in Thousands) June 30, December 31, June 30, Commercial, financial and agricultural $ 1,829 $ 1,302 $ 4,067 Real estate construction and development 1,588 1,812 1,594 Real estate commercial and farmland 6,732 7,019 8,938 Real estate residential 5,434 6,278 5,650 Consumer installment 420 449 491 $ 16,003 $ 16,860 $ 20,740 |
Summary of Credit Quality Indicate Financial Receivable | The following table presents the loan portfolio, excluding purchased non-covered and covered loans, by risk grade as of June 30, 2016: Risk Commercial, Real estate - Real estate - Real estate - Consumer Other Total (Dollars in Thousands) 10 $ 339,903 $ - $ 2,313 $ 99 $ 7,410 $ - $ 349,725 15 22,049 3,741 106,801 58,283 700 - 191,574 20 100,406 46,224 804,685 501,795 22,498 17,953 1,493,561 23 484 7,245 9,084 6,664 188 - 23,665 25 94,022 211,322 290,528 90,191 1,754 - 687,817 30 2,545 3,297 20,775 5,689 162 - 32,468 40 4,934 2,888 14,394 17,512 533 - 40,261 50 - - - - - - - 60 - - - - - - - Total $ 564,343 $ 274,717 $ 1,248,580 $ 680,233 $ 33,245 $ 17,953 $ 2,819,071 The following table presents the loan portfolio, excluding purchased non-covered and covered loans, by risk grade as of December 31, 2015: Risk Commercial, Real estate - Real estate - Real estate - Consumer Other Total (Dollars in Thousands) 10 $ 241,721 $ 294 $ 116 $ 1,606 $ 6,872 $ - $ 250,609 15 28,420 2,074 117,880 78,165 1,191 - 227,730 20 97,142 46,221 685,538 369,624 19,780 6,015 1,224,320 23 559 7,827 13,073 6,112 36 - 27,607 25 77,829 183,512 254,012 91,465 2,595 - 609,413 30 1,492 1,620 13,821 7,347 143 - 24,423 40 2,460 3,145 20,551 16,111 506 - 42,773 50 - - - - - - - 60 - - - - 2 - 2 Total $ 449,623 $ 244,693 $ 1,104,991 $ 570,430 $ 31,125 $ 6,015 $ 2,406,877 The following table presents the loan portfolio, excluding purchased non-covered and covered loans, by risk grade as of June 30, 2015: Risk Commercial, Real estate - Real estate - Real estate - Consumer Other Total (Dollars in Thousands) 10 $ 173,795 $ 268 $ 150 $ 1,606 $ 6,114 $ - $ 181,933 15 25,447 3,402 127,090 85,812 1,319 - 243,070 20 96,169 47,207 592,636 334,999 17,833 15,903 1,104,747 23 635 8,071 11,984 6,655 55 - 27,400 25 69,304 140,119 248,227 83,207 3,807 - 544,664 30 2,566 2,510 11,088 8,612 244 - 25,020 40 5,286 3,442 19,020 16,310 708 - 44,766 50 - - - - - - - 60 - - - - - - - Total $ 373,202 $ 205,019 $ 1,010,195 $ 537,201 $ 30,080 $ 15,903 $ 2,171,600 |
Summary of Troubled Debt Restructuring by Loan Class, Classified Separately under Restructured Terms | The following table presents the amount of troubled debt restructurings by loan class, excluding purchased non-covered and covered loans, classified separately as accrual and nonaccrual at June 30, 2016, December 31, 2015 and June 30, 2015: As of June 30, 2016 Accruing Loans Non-Accruing Loans Balance Balance Loan class: # (in thousands) # (in thousands) Commercial, financial & agricultural 5 $ 275 11 $ 86 Real estate construction & development 9 468 3 36 Real estate commercial & farmland 19 5,802 3 1,832 Real estate residential 54 8,226 20 899 Consumer installment 7 24 27 113 Total 94 $ 14,795 64 $ 2,966 As of December 31, 2015 Accruing Loans Non-Accruing Loans Balance Balance Loan class: # (in thousands) # (in thousands) Commercial, financial & agricultural 4 $ 240 10 $ 110 Real estate construction & development 11 792 3 63 Real estate commercial & farmland 16 5,766 3 596 Real estate residential 51 7,574 20 1,123 Consumer installment 12 46 23 94 Total 94 $ 14,418 59 $ 1,986 As of June 30, 2015 Accruing Loans Non-Accruing Loans Balance Balance Loan class: # (in thousands) # (in thousands) Commercial, financial & agricultural 6 $ 278 5 $ 29 Real estate construction & development 11 821 3 57 Real estate commercial & farmland 17 6,617 3 598 Real estate residential 49 4,702 15 783 Consumer installment 11 49 17 82 Total 94 $ 12,467 43 $ 1,549 |
Troubled Debt Restructurings On Financing Receivables Payment Default | The following table presents the troubled debt restructurings by class that defaulted (defined as 30 days past due) during the six months ending June 30, 2016 and 2015: June 30, 2016 June 30, 2015 Balance Balance Loan class: # (in thousands) # (in thousands) Commercial, financial & agricultural 2 $ 7 2 $ 35 Real estate construction & development - - - - Real estate commercial & farmland 2 191 5 1,274 Real estate residential 6 292 10 884 Consumer installment 1 4 6 32 Total 11 $ 494 23 $ 2,225 |
Purchased Non Covered Loans [Member] | |
Summary of Carrying Value of Purchased Non-Covered Loans According to Loan Type | (Dollars in Thousands) June 30, December 31, June 30, Commercial, financial and agricultural $ 101,803 $ 45,462 $ 45,337 Real estate construction and development 89,096 72,080 75,302 Real estate commercial and farmland 574,830 390,755 404,588 Real estate residential 300,898 258,153 276,798 Consumer installment 5,590 5,104 6,288 $ 1,072,217 $ 771,554 $ 808,313 |
Summary of Financial Receivable Nonaccrual Basis | The following table presents an analysis of purchased non-covered loans accounted for on a nonaccrual basis: (Dollars in Thousands) June 30, December 31, June 30, Commercial, financial and agricultural $ 673 $ 1,064 $ 309 Real estate construction and development 1,160 1,106 1,483 Real estate commercial and farmland 7,065 4,920 9,634 Real estate residential 6,830 6,168 5,930 Consumer installment 39 72 88 $ 15,767 $ 13,330 $ 17,444 |
Summary of Past Due Financial Receivables | The following table presents an analysis of purchased non-covered past-due loans as of June 30, 2016, December 31, 2015 and June 30, 2015: Loans Loans Loans 90 Total Current Total Loans 90 (Dollars in Thousands) As of June 30, 2016: Commercial, financial & agricultural $ 106 $ 134 $ 501 $ 741 $ 101,062 $ 101,803 $ - Real estate construction & development 764 41 789 1,594 87,502 89,096 - Real estate commercial & farmland 2,177 1,799 6,929 10,905 563,925 574,830 - Real estate residential 4,307 1,487 5,433 11,227 289,671 300,898 - Consumer installment loans 9 - 38 47 5,543 5,590 - Total $ 7,363 $ 3,461 $ 13,690 $ 24,514 $ 1,047,703 $ 1,072,217 $ - Loans Loans Loans 90 Total Current Total Loans 90 (Dollars in Thousands) As of December 30, 2015: Commercial, financial & agricultural $ 248 $ 13 $ 846 $ 1,107 $ 44,355 $ 45,462 $ - Real estate construction & development 416 687 420 1,523 70,557 72,080 - Real estate commercial & farmland 2,479 1,629 3,347 7,455 383,300 390,755 - Real estate residential 4,965 2,176 4,928 12,069 246,084 258,153 - Consumer installment loans 31 9 70 110 4,994 5,104 - Total $ 8,139 $ 4,514 $ 9,611 $ 22,264 $ 749,290 $ 771,554 $ - Loans Loans Loans 90 Total Current Total Loans 90 (Dollars in Thousands) As of June 30, 2015: Commercial, financial & agricultural $ - $ 1,101 $ 202 $ 1,303 $ 44,034 $ 45,337 $ - Real estate construction & development 245 - 1,026 1,271 74,031 75,302 - Real estate commercial & farmland 2,115 724 9,062 11,901 392,687 404,588 - Real estate residential 3,848 1,400 5,369 10,617 266,181 276,798 - Consumer installment loans 6 - 84 90 6,198 6,288 - Total $ 6,214 $ 3,225 $ 15,743 $ 25,182 $ 783,131 $ 808,313 $ - |
Summary of Impaired Financial Receivables | The following is a summary of information pertaining to purchased non-covered impaired loans: As of and For the Period Ended June 30, December 31, June 30, (Dollars in Thousands) Nonaccrual loans $ 15,767 $ 13,330 $ 17,444 Troubled debt restructurings not included above 9,053 9,373 6,792 Total impaired loans $ 24,820 $ 22,703 $ 24,236 Quarter-to-date interest income recognized on impaired loans $ 189 $ 442 $ 143 Year-to-date interest income recognized on impaired loans $ 546 $ 785 $ 161 Quarter-to-date foregone interest income on impaired loans $ 264 $ 245 $ 451 Year-to-date foregone interest income on impaired loans $ 620 $ 1,365 $ 923 The following table presents an analysis of information pertaining to purchased non-covered impaired loans as of June 30, 2016, December 31, 2015 and June 30, 2015: Unpaid Recorded Recorded Total Related Three Six Month (Dollars in Thousands) As of June 30, 2016: Commercial, financial & agricultural $ 2,662 $ 675 $ - $ 675 $ - $ 669 $ 801 Real estate construction & development 3,241 340 1,340 1,680 142 1,905 1,759 Real estate commercial & farmland 16,678 2,075 10,908 12,983 492 15,078 13,764 Real estate residential 11,891 7,269 2,170 9,439 223 8,880 8,906 Consumer installment loans 56 43 - 43 - 68 71 Total $ 34,528 $ 10,402 $ 14,418 $ 24,820 $ 857 $ 26,600 $ 25,301 Unpaid Recorded Recorded Total Related Three Twelve (Dollars in Thousands) As of December 31, 2015: Commercial, financial & agricultural $ 3,103 $ 1,066 $ - $ 1,066 $ - $ 640 $ 392 Real estate construction & development 8,987 1,469 - 1,469 - 1,369 1,429 Real estate commercial & farmland 14,999 11,134 - 11,134 - 9,966 10,806 Real estate residential 14,946 8,957 - 8,957 - 8,591 8,067 Consumer installment loans 94 77 - 77 - 67 65 Total $ 42,129 $ 22,703 $ - $ 22,703 $ - $ 20,633 $ 20,759 Unpaid Recorded Recorded Total Related Three Six Month (Dollars in Thousands) As of June 30, 2015: Commercial, financial & agricultural $ 1,476 $ 309 $ - $ 309 $ - $ 254 $ 227 Real estate construction & development 9,656 1,857 - 1,857 - 1,485 1,469 Real estate commercial & farmland 17,043 13,691 - 13,691 - 11,753 11,366 Real estate residential 12,992 8,285 - 8,285 - 7,982 7,718 Consumer installment loans 111 94 - 94 - 61 64 Total $ 41,278 $ 24,236 $ - $ 24,236 $ - $ 21,535 $ 20,844 |
Summary of Credit Quality Indicate Financial Receivable | The following table presents the purchased non-covered loan portfolio by risk grade as of June 30, 2016: Risk Commercial, Real estate - Real estate - Real estate - Consumer Other Total (Dollars in Thousands) 10 $ 5,818 $ - $ - $ - $ 1,081 $ - $ 6,899 15 1,085 - 8,637 34,848 675 - 45,245 20 16,503 10,427 202,853 113,691 2,006 - 345,480 23 - 4,072 10,627 12,688 - - 27,387 25 71,603 64,200 305,654 114,097 1,667 - 557,221 30 4,779 7,910 28,761 11,054 32 - 52,536 40 1,983 2,487 18,298 14,520 129 - 37,417 50 30 - - - - - 30 60 2 - - - - - 2 Total $ 101,803 $ 89,096 $ 574,830 $ 300,898 $ 5,590 $ - $ 1,072,217 The following table presents the purchased non-covered loan portfolio by risk grade as of December 31, 2015: Risk Commercial, Real estate - Real estate - Real estate - Consumer Other Total (Dollars in Thousands) 10 $ 8,592 $ - $ - $ - $ 1,010 $ - $ 9,602 15 1,186 1,143 10,490 37,808 541 - 51,168 20 10,057 13,678 183,219 128,005 2,031 - 336,990 23 - 438 5,177 6,414 - - 12,029 25 17,565 47,517 162,253 66,166 1,328 - 294,829 30 6,657 4,185 14,297 5,503 51 - 30,693 40 1,373 5,119 15,319 14,257 143 - 36,211 50 30 - - - - - 30 60 2 - - - - - 2 Total $ 45,462 $ 72,080 $ 390,755 $ 258,153 $ 5,104 $ - $ 771,554 The following table presents the purchased non-covered loan portfolio by risk grade as of June 30, 2015: Risk Commercial, Real estate - Real estate - Real estate - Consumer Other Total (Dollars in Thousands) 10 $ 9,091 $ - $ 80 $ - $ 952 $ - $ 10,123 15 1,377 866 8,710 41,641 626 - 53,220 20 12,545 16,979 190,219 139,792 2,769 - 362,304 23 - 240 3,792 6,505 - - 10,537 25 18,556 49,070 165,267 65,818 1,700 - 300,411 30 2,462 3,409 19,042 9,803 63 - 34,779 40 1,276 4,738 17,478 13,217 178 - 36,887 50 30 - - 22 - - 52 60 - - - - - - - Total $ 45,337 $ 75,302 $ 404,588 $ 276,798 $ 6,288 $ - $ 808,313 |
Summary of Troubled Debt Restructurings by Loan Class | The following table presents the purchased non-covered loans by class modified as troubled debt restructurings, which occurred during the six months ending June 30, 2016 and 2015: June 30, 2016 June 30, 2015 Balance Balance Loan class: # (in thousands) # (in thousands) Commercial, financial & agricultural - $ - - $ - Real estate construction & development - - - - Real estate commercial & farmland 1 28 - - Real estate residential 2 640 5 1,017 Consumer installment - - 1 5 Total 3 $ 668 6 $ 1,022 |
Summary of Troubled Debt Restructuring by Loan Class, Classified Separately under Restructured Terms | The following table presents the troubled debt restructurings by class that defaulted (defined as 30 days past due) during the six months ending June 30, 2016 and 2015: June 30, 2016 June 30, 2015 Balance Balance Loan class: # (in thousands) # (in thousands) Commercial, financial & agricultural - $ - - $ - Real estate construction & development 2 402 - - Real estate commercial & farmland - - - - Real estate residential - - 1 65 Consumer installment - - - - Total 2 $ 402 1 $ 65 |
Loans Excluding Purchased Non Covered And Covered Loan [Member] | |
Summary of Past Due Financial Receivables | Loans Loans Loans 90 Total Current Total Loans 90 (Dollars in Thousands) As of June 30, 2016: Commercial, financial & agricultural $ 845 $ 297 $ 1,700 $ 2,842 $ 561,501 $ 564,343 $ - Real estate construction & development 355 153 1,527 2,035 272,682 274,717 - Real estate commercial & farmland 2,675 724 5,257 8,656 1,239,924 1,248,580 - Real estate residential 3,430 1,776 4,243 9,449 670,784 680,233 - Consumer installment loans 325 123 246 694 32,551 33,245 - Other - - - - 17,953 17,953 - Total $ 7,630 $ 3,073 $ 12,973 $ 23,676 $ 2,795,395 $ 2,819,071 $ - Loans Loans Loans 90 Total Current Total Loans 90 (Dollars in Thousands) As of December 30, 2015: Commercial, financial & agricultural $ 568 $ 271 $ 835 $ 1,674 $ 447,949 $ 449,623 $ - Real estate construction & development 1,413 261 1,739 3,413 241,280 244,693 - Real estate commercial & farmland 1,781 641 6,912 9,334 1,095,657 1,104,991 - Real estate residential 3,806 2,120 5,121 11,047 559,383 570,430 - Consumer installment loans 374 188 238 800 30,325 31,125 - Other - - - - 6,015 6,015 - Total $ 7,942 $ 3,481 $ 14,845 $ 26,268 $ 2,380,609 $ 2,406,877 $ - Loans Loans Loans 90 Total Current Total Loans 90 (Dollars in Thousands) As of June 30, 2015: Commercial, financial & agricultural $ 840 $ 888 $ 3,891 $ 5,619 $ 367,583 $ 373,202 $ - Real estate construction & development 1,201 374 1,536 3,111 201,908 205,019 - Real estate commercial & farmland 1,958 2,823 7,014 11,795 998,400 1,010,195 - Real estate residential 5,135 1,949 4,727 11,811 525,390 537,201 - Consumer installment loans 293 77 315 685 29,395 30,080 - Other - - - - 15,903 15,903 - Total $ 9,427 $ 6,111 $ 17,483 $ 33,021 $ 2,138,579 $ 2,171,600 $ - |
Summary of Impaired Financial Receivables | The following is a summary of information pertaining to impaired loans, excluding purchased non-covered and covered loans: As of and For the Period Ended June 30, December 31, June 30, (Dollars in Thousands) Nonaccrual loans $ 16,003 $ 16,860 $ 20,740 Troubled debt restructurings not included above 14,795 14,418 12,467 Total impaired loans $ 30,798 $ 31,278 $ 33,207 Quarter-to-date interest income recognized on impaired loans $ 238 $ 274 $ 192 Year-to-date interest income recognized on impaired loans $ 556 $ 909 $ 344 Quarter-to-date foregone interest income on impaired loans $ 230 $ 265 $ 311 Year-to-date foregone interest income on impaired loans $ 471 $ 1,204 $ 629 The following table presents an analysis of information pertaining to impaired loans, excluding purchased non-covered and covered loans as of June 30, 2016, December 31, 2015 and June 30, 2015: Unpaid Recorded Recorded Total Related Three Six Month (Dollars in Thousands) As of June 30, 2016: Commercial, financial & agricultural $ 3,786 $ 652 $ 1,453 $ 2,105 $ 150 $ 1,825 $ 1,731 Real estate construction & development 3,141 230 1,826 2,056 697 2,154 2,304 Real estate commercial & farmland 13,592 5,312 7,221 12,533 1,000 12,772 12,777 Real estate residential 14,460 1,329 12,331 13,660 2,369 13,249 13,450 Consumer installment loans 531 - 444 444 8 441 458 Total $ 35,510 $ 7,523 $ 23,275 $ 30,798 $ 4,224 $ 30,441 $ 30,720 Unpaid Recorded Recorded Total Related Three Twelve (Dollars in Thousands) As of December 31, 2015: Commercial, financial & agricultural $ 3,062 $ 158 $ 1,385 $ 1,543 $ 135 $ 1,887 $ 2,275 Real estate construction & development 3,581 230 2,374 2,604 774 2,598 3,228 Real estate commercial & farmland 14,385 6,702 6,083 12,785 1,067 15,074 15,105 Real estate residential 15,809 1,621 12,230 13,851 2,224 11,935 11,977 Consumer installment loans 592 - 495 495 9 461 488 Total $ 37,429 $ 8,711 $ 22,567 $ 31,278 $ 4,209 $ 31,955 $ 33,073 Unpaid Recorded Recorded Total Related Three Six Month (Dollars in Thousands) As of June 30, 2015: Commercial, financial & agricultural $ 6,004 $ 442 $ 3,903 $ 4,345 $ 458 $ 2,819 $ 2,533 Real estate construction & development 3,765 - 2,416 2,416 445 3,245 3,648 Real estate commercial & farmland 18,117 5,960 9,595 15,555 1,243 15,378 15,125 Real estate residential 11,743 1,153 9,199 10,352 1,825 11,555 12,006 Consumer installment loans 633 - 539 539 8 494 507 Total $ 40,262 $ 7,555 $ 25,652 $ 33,207 $ 3,979 $ 33,491 $ 33,819 |
Summary of Troubled Debt Restructurings by Loan Class | The following table presents the loans by class modified as troubled debt restructurings, excluding purchased non-covered and covered loans, which occurred during the six months ending June 30, 2016 and 2015: June 30, 2016 June 30, 2015 Balance Balance Loan class: # (in thousands) # (in thousands) Commercial, financial & agricultural 2 $ 28 3 $ 18 Real estate construction & development 1 6 2 16 Real estate commercial & farmland 4 1,666 - - Real estate residential 6 739 15 729 Consumer installment 6 26 5 19 Total 19 $ 2,465 25 $ 782 |
Financing Receivable Troubled Debt Restructuring [Member] | |
Summary of Financial Receivable Nonaccrual Basis | The following table presents the covered loans by class modified as troubled debt restructurings during the six months ending June 30, 2016 and 2015: June 30, 2016 June 30, 2015 Balance Balance Loan class: # (in thousands) # (in thousands) Commercial, financial & agricultural 1 $ 76 1 $ 1 Real estate construction & development - - 2 34 Real estate commercial & farmland 1 464 4 796 Real estate residential 1 22 6 376 Consumer installment - - 2 5 Total 3 $ 562 15 $ 1,212 |
Covered Loans [Member] | |
Summary of Financial Receivable Nonaccrual Basis | The following table presents an analysis of covered loans accounted for on a nonaccrual basis: (Dollars in Thousands) June 30, December 31, June 30, Commercial, financial and agricultural $ 127 $ 2,803 $ 7,948 Real estate construction and development 1,600 1,701 3,120 Real estate commercial and farmland 5,110 5,034 13,997 Real estate residential 4,100 3,663 3,712 Consumer installment 32 37 94 $ 10,969 $ 13,238 $ 28,871 |
Summary of Past Due Financial Receivables | The following table presents an analysis of covered past-due loans as of June 30, 2016, December 31, 2015 and June 30, 2015: Loans Loans Loans 90 Total Current Total Loans 90 (Dollars in Thousands) As of June 30, 2016: Commercial, financial & agricultural $ 1 $ 76 $ 51 $ 128 $ 1,476 $ 1,604 $ - Real estate construction & development 108 3 1,537 1,648 5,520 7,168 - Real estate commercial & farmland 157 - 2,066 2,223 62,868 65,091 - Real estate residential 1,773 836 2,672 5,281 42,174 47,455 - Consumer installment loans - - 32 32 68 100 - Total $ 2,039 $ 915 $ 6,358 $ 9,312 $ 112,106 $ 121,418 $ - Loans Loans Loans 90 Total Current Total Loans 90 (Dollars in Thousands) As of December 30, 2015: Commercial, financial & agricultural $ - $ - $ 2,802 $ 2,802 $ 2,744 $ 5,546 $ - Real estate construction & development 96 - 1,633 1,729 5,883 7,612 - Real estate commercial & farmland 170 205 3,064 3,439 67,787 71,226 - Real estate residential 2,155 1,001 2,658 5,814 47,224 53,038 - Consumer installment loans - - 37 37 70 107 - Total $ 2,421 $ 1,206 $ 10,194 $ 13,821 $ 123,708 $ 137,529 $ - Loans Loans Loans 90 Total Current Total Loans 90 (Dollars in Thousands) As of June 30, 2015: Commercial, financial & agricultural $ 237 $ 240 $ 1,670 $ 2,147 $ 15,519 $ 17,666 $ - Real estate construction & development 292 31 3,045 3,368 11,634 15,002 143 Real estate commercial & farmland 699 81 9,396 10,176 101,596 111,772 - Real estate residential 2,690 927 2,122 5,739 59,243 64,982 - Consumer installment loans - - 50 50 126 176 - Total $ 3,918 $ 1,279 $ 16,283 $ 21,480 $ 188,118 $ 209,598 $ 143 |
Summary of Impaired Financial Receivables | The following is a summary of information pertaining to covered impaired loans: As of and For the Period Ended June 30, December 31, June 30, (Dollars in Thousands) Nonaccrual loans $ 10,969 $ 13,238 $ 28,871 Troubled debt restructurings not included above 11,589 13,283 17,500 Total impaired loans $ 22,558 $ 26,521 $ 46,371 Quarter-to-date interest income recognized on impaired loans $ 154 $ 154 $ 219 Year-to-date interest income recognized on impaired loans $ 339 $ 886 $ 431 Quarter-to-date foregone interest income on impaired loans $ 148 $ 181 $ 409 Year-to-date foregone interest income on impaired loans $ 318 $ 1,596 $ 947 The following table presents an analysis of information pertaining to covered impaired loans as of June 30, 2016, December 31, 2015 and June 30, 2015: Unpaid Recorded Recorded Total Related Three Six Month (Dollars in Thousands) As of June 30, 2016: Commercial, financial & agricultural $ 314 $ 127 $ - $ 127 $ - $ 1,463 $ 1,909 Real estate construction & development 6,841 1,198 1,210 2,408 81 2,368 2,405 Real estate commercial & farmland 10,556 2,127 4,303 6,430 198 6,503 6,669 Real estate residential 14,890 4,830 8,724 13,554 251 13,724 13,880 Consumer installment loans 47 39 - 39 - 41 43 Total $ 32,648 $ 8,321 $ 14,237 $ 22,558 $ 530 $ 24,099 $ 24,906 Unpaid Recorded Recorded Total Related Three Twelve Month (Dollars in Thousands) As of December 31, 2015: Commercial, financial & agricultural $ 5,188 $ 2,802 $ - $ 2,802 $ - $ 5,360 $ 7,408 Real estate construction & development 15,119 2,480 - 2,480 - 4,130 6,906 Real estate commercial & farmland 20,508 7,001 - 7,001 - 14,133 18,504 Real estate residential 15,830 14,192 - 14,192 - 14,399 16,010 Consumer installment loans 60 46 - 46 - 69 86 Total $ 56,705 $ 26,521 $ - $ 26,521 $ - $ 38,091 $ 48,914 Unpaid Recorded Recorded Total Related Three Six Month (Dollars in Thousands) As of June 30, 2015: Commercial, financial & agricultural $ 14,260 $ 7,951 $ - $ 7,951 $ - $ 8,869 $ 8,773 Real estate construction & development 29,895 5,953 - 5,953 - 7,819 8,757 Real estate commercial & farmland 37,426 17,970 - 17,970 - 21,795 21,418 Real estate residential 18,226 14,402 - 14,402 - 16,600 17,084 Consumer installment loans 125 95 - 95 - 99 97 Total $ 99,932 $ 46,371 $ - $ 46,371 $ - $ 55,179 $ 56,129 |
Summary of Credit Quality Indicate Financial Receivable | The following table presents the covered loan portfolio by risk grade as of June 30, 2016: Risk Commercial, Real estate - Real estate - Real estate - Consumer Other Total (Dollars in Thousands) 10 $ - $ - $ - $ - $ - $ - $ - 15 - - - - - - - 20 32 738 10,278 8,096 - - 19,144 23 24 - 1,769 4,637 - - 6,430 25 1,417 4,436 35,031 22,371 13 - 63,268 30 3 418 4,659 3,564 47 - 8,691 40 128 1,576 13,354 8,787 40 - 23,885 50 - - - - - - - 60 - - - - - - - Total $ 1,604 $ 7,168 $ 65,091 $ 47,455 $ 100 $ - $ 121,418 The following table presents the covered loan portfolio by risk grade as of December 31, 2015: Risk Commercial, Real estate - Real estate - Real estate - Consumer Other Total (Dollars in Thousands) 10 $ - $ - $ - $ - $ - $ - $ - 15 - - - - - - - 20 93 800 11,698 10,040 - - 22,631 23 52 - 2,957 5,723 - - 8,732 25 2,594 3,907 38,741 24,345 11 - 69,598 30 5 828 2,857 4,552 - - 8,242 40 2,802 2,077 14,973 8,378 96 - 28,326 50 - - - - - - - 60 - - - - - - - Total $ 5,546 $ 7,612 $ 71,226 $ 53,038 $ 107 $ - $ 137,529 The following table presents the covered loan portfolio by risk grade as of June 30, 2015: Risk Commercial, Real estate - Real estate - Real estate - Consumer Other Total (Dollars in Thousands) 10 $ - $ - $ - $ - $ - $ - $ - 15 - - 488 125 - - 613 20 580 1,218 17,382 12,571 43 - 31,794 23 68 - 5,255 6,083 - - 11,406 25 4,089 8,142 60,682 30,870 37 - 103,820 30 4,923 2,409 4,165 5,730 - - 17,227 40 8,006 3,233 23,800 9,603 96 - 44,738 50 - - - - - - - 60 - - - - - - - Total $ 17,666 $ 15,002 $ 111,772 $ 64,982 $ 176 $ - $ 209,598 |
Summary of Troubled Debt Restructurings by Loan Class | The following table presents the amount of troubled debt restructurings by loan class of covered loans, classified separately as accrual and nonaccrual at June 30, 2016, December 31, 2015 and June 30, 2015: As of June 30, 2016 Accruing Loans Non-Accruing Loans Balance Balance Loan class: # (in thousands) # (in thousands) Commercial, financial & agricultural - $ - 3 $ 76 Real estate construction & development 4 808 - - Real estate commercial & farmland 3 1,319 5 2,078 Real estate residential 92 9,455 27 1,342 Consumer installment 1 7 - - Total 100 $ 11,589 35 $ 3,496 As of December 31, 2015 Accruing Loans Non-Accruing Loans Balance Balance Loan class: # (in thousands) # (in thousands) Commercial, financial & agricultural - $ - 2 $ 1 Real estate construction & development 4 779 - - Real estate commercial & farmland 4 1,967 3 1,067 Real estate residential 97 10,529 26 1,116 Consumer installment 2 8 - - Total 107 $ 13,283 31 $ 2,184 As of June 30, 2015 Accruing Loans Non-Accruing Loans Balance Balance Loan class: # (in thousands) # (in thousands) Commercial, financial & agricultural 1 $ 3 2 $ - Real estate construction & development 3 2,832 1 13 Real estate commercial & farmland 11 3,973 3 1,105 Real estate residential 95 10,690 14 941 Consumer installment 1 2 - - Total 111 $ 17,500 20 $ 2,059 |
Summary of Troubled Debt Restructuring by Loan Class, Classified Separately under Restructured Terms | The following table presents the troubled debt restructurings by class that defaulted (defined as 30 days past due) during the six months ending June 30, 2016 and 2015: June 30, 2016 June 30, 2015 Balance Balance Loan class: # (in thousands) # (in thousands) Commercial, financial & agricultural 2 $ 76 - $ - Real estate construction & development - - - - Real estate commercial & farmland - - 1 21 Real estate residential 6 919 5 276 Consumer installment - - - - Total 8 $ 995 6 $ 297 |
Accrual And Non Accrual [Member] | Purchased Non Covered Loans [Member] | |
Summary of Troubled Debt Restructurings by Loan Class | The following table presents the amount of troubled debt restructurings by loan class of purchased non-covered loans, classified separately as accrual and nonaccrual at June 30, 2016, December 31, 2015 and June 30, 2015: As of June 30, 2016 Accruing Loans Non-Accruing Loans Balance Balance Loan class: # (in thousands) # (in thousands) Commercial, financial & agricultural 1 $ 1 1 $ 17 Real estate construction & development 2 521 3 36 Real estate commercial & farmland 12 5,918 3 398 Real estate residential 14 2,609 4 448 Consumer installment 1 4 2 2 Total 30 $ 9,053 13 $ 901 As of December 31, 2015 Accruing Loans Non-Accruing Loans Balance Balance Loan class: # (in thousands) # (in thousands) Commercial, financial & agricultural 1 $ 2 2 $ 21 Real estate construction & development 1 363 3 42 Real estate commercial & farmland 14 6,214 3 412 Real estate residential 13 2,789 4 180 Consumer installment 2 5 2 3 Total 31 $ 9,373 14 $ 658 As of June 30, 2015 Accruing Loans Non-Accruing Loans Balance Balance Loan class: # (in thousands) # (in thousands) Commercial, financial & agricultural - $ - 1 $ 1 Real estate construction & development 3 374 - - Real estate commercial & farmland 7 4,058 1 69 Real estate residential 12 2,354 2 91 Consumer installment 2 6 2 5 Total 24 $ 6,792 6 $ 166 |
ASSETS ACQUIRED IN FDIC-ASSIS26
ASSETS ACQUIRED IN FDIC-ASSISTED ACQUISITIONS (Tables) | 6 Months Ended |
Jun. 30, 2016 | |
Schedule of Acquisition Details | From October 2009 through July 2012, the Company participated in ten FDIC-assisted acquisitions whereby the Company purchased certain failed institutions out of the FDIC’s receivership. These institutions include the following: Bank Acquired Location Branches Date Acquired American United Bank (“AUB”) Lawrenceville, Ga. 1 October 23, 2009 United Security Bank (“USB”) Sparta, Ga. 2 November 6, 2009 Satilla Community Bank (“SCB”) St. Marys, Ga. 1 May 14, 2010 First Bank of Jacksonville (“FBJ”) Jacksonville, Fl. 2 October 22, 2010 Tifton Banking Company (“TBC”) Tifton, Ga. 1 November 12, 2010 Darby Bank & Trust (“DBT”) Vidalia, Ga. 7 November 12, 2010 High Trust Bank (“HTB”) Stockbridge, Ga. 2 July 15, 2011 One Georgia Bank (“OGB”) Midtown Atlanta, Ga. 1 July 15, 2011 Central Bank of Georgia (“CBG”) Ellaville, Ga. 5 February 24, 2012 Montgomery Bank & Trust (“MBT”) Ailey, Ga. 2 July 6, 2012 |
Components of Covered Assets | The following table summarizes components of all covered assets at June 30, 2016, December 31, 2015 and June 30, 2015 and their origin (dollars in thousands): Covered loans Less: Fair Total OREO Less: Fair Total Total FDIC loss-share As of June 30, 2016: AUB $ - $ - $ - $ - $ - $ - $ - $ 5 USB 3,423 14 3,409 - - - 3,409 (1,791) SCB 4,774 70 4,704 440 - 440 5,144 55 FBJ 4,127 507 3,620 31 - 31 3,651 (80) DBT 13,705 835 12,870 14 - 14 12,884 (3,823) TBC 1,956 8 1,948 - - - 1,948 132 HTB 42,092 3,550 38,542 586 180 406 38,948 1,789 OGB 18,663 667 17,996 136 - 136 18,132 306 CBG 40,909 2,580 38,329 1,741 26 1,715 40,044 1,510 Total $ 129,649 $ 8,231 $ 121,418 $ 2,948 $ 206 $ 2,742 $ 124,160 $ (1,897) Covered loans Less: Fair Total OREO Less: Fair Total Total FDIC loss-share As of December 31, 2015: AUB $ - $ - $ - $ - $ - $ - $ - $ 111 USB 3,639 16 3,623 165 - 165 3,788 (1,424) SCB 5,228 124 5,104 - - - 5,104 149 FBJ 4,782 562 4,220 41 - 41 4,261 252 DBT 15,934 1,131 14,803 - - - 14,803 (1,084) TBC 2,159 11 2,148 - - - 2,148 1,446 HTB 44,405 3,881 40,524 2,433 643 1,790 42,314 3,875 OGB 27,561 1,900 25,661 160 - 160 25,821 913 CBG 44,865 3,419 41,446 3,139 284 2,855 44,301 2,063 Total $ 148,573 $ 11,044 $ 137,529 $ 5,938 $ 927 $ 5,011 $ 142,540 $ 6,301 Covered loans Less: Fair Total OREO Less: Fair Total Total FDIC loss-share As of June 30, 2015: AUB $ - $ - $ - $ - $ - $ - $ - $ 187 USB 3,883 18 3,865 165 - 165 4,030 (1,232) SCB 5,318 209 5,109 95 - 95 5,204 1,300 FBJ 17,708 1,286 16,422 815 121 694 17,116 1,227 DBT 46,269 3,667 42,602 5,216 700 4,516 47,118 2,126 TBC 19,609 515 19,094 1,480 116 1,364 20,458 521 HTB 47,176 4,127 43,049 3,085 955 2,130 45,179 4,806 OGB 34,218 2,192 32,026 442 - 442 32,468 1,856 CBG 52,259 4,828 47,431 3,559 339 3,220 50,651 4,166 Total $ 226,440 $ 16,842 $ 209,598 $ 14,857 $ 2,231 $ 12,626 $ 222,224 $ 14,957 |
Rollforward of Acquired Covered Loans | A rollforward of acquired covered loans for the six months ended June 30, 2016, the year ended December 31, 2015 and the six months ended June 30, 2015 is shown below: (Dollars in Thousands) June 30, December 31, June 30, Balance, January 1 $ 137,529 $ 271,279 $ 271,279 Charge-offs (720) (5,558) (7,065) Accretion 2,247 9,658 6,251 Transfer to covered other real estate owned (757) (7,910) (6,534) Transfer to purchased, non-covered loans due to loss-share expiration - (50,568) (15,462) Payments received (16,881) (79,372) (38,871) Ending balance $ 121,418 $ 137,529 $ 209,598 |
Schedule Of Changes In Accretable Discounts Of Acquired Loans | The following is a summary of changes in the accretable discounts of acquired loans during the six months ended June 30, 2016, the year ended December 31, 2015 and the six months ended June 30, 2015: (Dollars in Thousands) June 30, December 31, June 30, Balance, January 1 $ 9,063 $ 15,578 $ 15,578 Accretion (2,247) (9,658) (6,251) Transfer to purchased, non-covered loans due to loss-share expiration - (1,665) (84) Transfers between non-accretable and accretable discounts, net (453) 4,808 2,817 Ending balance $ 6,363 $ 9,063 $ 12,060 |
Changes in FDIC Shared-Loss Receivable | Changes in the FDIC shared-loss receivable (payable) for the six months ended June 30, 2016, for the year ended December 31, 2015 and for the six months ended June 30, 2015 are as follows: (Dollars in Thousands) June 30, December 31, June 30, Beginning balance, January 1 $ 6,301 $ 31,351 $ 31,351 Payments received from FDIC (4,165) (19,273) (12,539) Accretion, net (2,737) (8,878) (5,393) Changes in clawback liability (345) (2,008) (1,057) Increase in receivable due to: Net charge-offs on covered loans (929) 416 1,955 Write downs of covered other real estate 774 4,752 2,206 Reimbursable expenses on covered assets 429 2,582 1,866 Other activity, net (1,225) (2,641) (3,432) Ending balance $ (1,897) $ 6,301 $ 14,957 |
OTHER REAL ESTATE OWNED (Tables
OTHER REAL ESTATE OWNED (Tables) | 6 Months Ended |
Jun. 30, 2016 | |
Banking and Thrift [Abstract] | |
Summary of Activity in Other Real Estate Owned | The following is a summary of the activity in other real estate owned during the six months ended June 30, 2016, the year ended December 31, 2015 and the six months ended June 30, 2015: (Dollars in Thousands) June 30, December 31, June 30, Beginning balance, January 1 $ 16,147 $ 33,160 $ 33,160 Loans transferred to other real estate owned 1,499 11,261 8,636 Net gains (losses) on sale and write-downs (1,057) (9,971) (9,449) Sales proceeds (2,824) (18,303) (9,780) Ending balance $ 13,765 $ 16,147 $ 22,567 |
Summary of Activity in Purchased Non-Covered Other Real Estate Owned | The following is a summary of the activity in purchased, non-covered other real estate owned during the six months ended June 30, 2016, the year ended December 31, 2015 and the six months ended June 30, 2015: (Dollars in Thousands) June 30, December 31, June 30, Beginning balance, January 1 $ 14,333 $ 15,585 $ 15,585 Loans transferred to other real estate owned 2,663 4,473 2,039 Acquired in acquisitions 1,838 2,160 2,189 Transfer from covered other real estate owned due to loss-share expiration - 3,148 75 Net gains (losses) on sale and write-downs 30 201 182 Sales proceeds (4,936) (11,234) (6,958) Ending balance $ 13,928 $ 14,333 $ 13,112 |
Summary of Activity in Covered Other Real Estate Owned | The following is a summary of the activity in covered other real estate owned during the six months ended June 30, 2016, the year ended December 31, 2015 and the six months ended June 30, 2015: (Dollars in Thousands) June 30, December 31, June 30, Beginning balance, January 1 $ 5,011 $ 19,907 $ 19,907 Loans transferred to other real estate owned 757 7,910 6,534 Transfer from covered other real estate owned due to loss-share expiration - (3,148) (75) Net gains (losses) on sale and write-downs (968) (5,926) (2,758) Sales proceeds (2,058) (13,732) (10,982) Ending balance $ 2,742 $ 5,011 $ 12,626 |
SECURITIES SOLD UNDER AGREEME28
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE (Tables) | 6 Months Ended |
Jun. 30, 2016 | |
Brokers and Dealers [Abstract] | |
Summary of Securities Sold Under Repurchase Agreements | The following is a summary of the Company’s securities sold under agreements to repurchase at June 30, 2016, December 31, 2015 and June 30, 2015: (Dollars in Thousands) June 30, December 31, June 30, Securities sold under agreements to repurchase $ 37,139 $ 63,585 $ 75,066 |
OTHER BORROWINGS (Tables)
OTHER BORROWINGS (Tables) | 6 Months Ended |
Jun. 30, 2016 | |
Debt Disclosure [Abstract] | |
OTHER BORROWINGS | Other borrowings consist of the following: (Dollars in Thousands) June 30, December 31, June 30, Daily Rate Credit from Federal Home Loan Bank with a fixed interest rate of 0.57% $ 121,700 $ - $ - Advance from Federal Home Loan Bank with a fixed interest rate of 0.40%, due July 15, 2016 75,000 $ - - Advance from Federal Home Loan Bank with a fixed interest rate of 2.81%, due July 15, 2016 2,505 $ - - Advance from Federal Home Loan Bank with a fixed interest rate of 1.40%, due January 9, 2017 4,014 $ - - Advance from Federal Home Loan Bank with a fixed interest rate of 1.23%, due May 30, 2017 5,013 $ - - Advances under revolving credit agreement with a regional bank with interest at 90-day LIBOR plus 3.50% (4.17% at June 30, 2016, 3.92% at December 31, 2015, and 3.78% at June 30, 2015) due in August 2017, secured by subsidiary bank stock 36,000 24,000 24,000 Advances under revolving credit agreement with a regional bank with a fixed interest rate of 8.00% due January 2017 869 - - Advance from correspondent bank with a fixed interest rate of 4.25%, due October 15, 2019, secured by subsidiary bank loan receivable 90 - - Subordinated debt issued by The Prosperity Banking Company due September 2016 with an interest rate of 90-day LIBOR plus 1.75% (2.40% at June 30, 2016, 2.28% at December 31, 2015 and 2.04% at June 30, 2015) 15,000 15,000 15,000 Total $ 260,191 $ 39,000 $ 39,000 |
COMMITMENTS AND CONTINGENCIES (
COMMITMENTS AND CONTINGENCIES (Tables) | 6 Months Ended |
Jun. 30, 2016 | |
Commitments and Contingencies Disclosure [Abstract] | |
Schedule of Guarantor Obligations | A summary of the Company’s commitments is as follows: (Dollars in Thousands) June 30, December 31, June 30, Commitments to extend credit $ 669,353 $ 548,898 $ 431,678 Unused lines of credit $ 63,244 $ 52,798 $ 51,834 Financial standby letters of credit $ 15,587 $ 14,712 $ 10,535 Mortgage interest rate lock commitments $ 154,589 $ 77,710 $ 91,977 |
ACCUMULATED OTHER COMPREHENSI31
ACCUMULATED OTHER COMPREHENSIVE INCOME (Tables) | 6 Months Ended |
Jun. 30, 2016 | |
Equity [Abstract] | |
Summary of Accumulated Other Comprehensive Income | The following tables present a summary of the accumulated other comprehensive income balances, net of tax, as of June 30, 2016 and 2015: (Dollars in Thousands) Unrealized Gain (Loss) Unrealized Gain (Loss) Accumulated Other Balance, January 1, 2016 $ 152 $ 3,201 $ 3,353 Reclassification for gains included in net income, net of tax - (61) (61) Current year changes, net of tax (808) 10,476 9,668 Balance, June 30, 2016 $ (656) $ 13,616 $ 12,960 (Dollars in Thousands) Unrealized Gain (Loss) Unrealized Gain (Loss) Accumulated Other Balance, January 1, 2015 $ 508 $ 5,590 $ 6,098 Reclassification for gains included in net income, net of tax - (14) (14) Current year changes, net of tax (131) (2,881) (3,012) Balance, June 30, 2015 $ 377 $ 2,695 $ 3,072 |
WEIGHTED AVERAGE SHARES OUTST32
WEIGHTED AVERAGE SHARES OUTSTANDING (Tables) | 6 Months Ended |
Jun. 30, 2016 | |
Earnings Per Share [Abstract] | |
Summary of Weighted Average Number of Shares | Earnings per share have been computed based on the following weighted average number of common shares outstanding: For the Three Months For the Six Months 2016 2015 2016 2015 (Share Data in (Share Data in Basic shares outstanding 34,833 32,184 33,792 31,318 Plus: Dilutive effect of ISOs 117 116 113 115 Plus: Dilutive effect of restricted share grants 203 220 202 220 Diluted shares outstanding 35,153 32,520 34,107 31,653 |
FAIR VALUE MEASURES (Tables)
FAIR VALUE MEASURES (Tables) | 6 Months Ended |
Jun. 30, 2016 | |
Fair Value Disclosures [Abstract] | |
Difference Between Fair Value and Principal Balance for Mortgage Loans Held for Sale Measured at Fair Value | The following table summarizes the difference between the fair value and the principal balance for mortgage loans held for sale measured at fair value as of June 30, 2016, December 31, 2015 and June 30, 2015: June 30, December 31, June 30, (Dollars in Thousands) Aggregate fair value of mortgage loans held for sale $ 102,757 $ 111,182 $ 108,829 Aggregate unpaid principal balance $ 98,769 $ 107,652 $ 105,184 Past-due loans of 90 days or more $ - $ - $ - Nonaccrual loans $ - $ - $ - |
Fair Value Measurements of Assets and Liabilities Measured on Recurring Basis | Fair Value Measurements on a Recurring Basis Fair Value Quoted Prices Significant Significant U.S. government agencies $ 6,037 $ - $ 6,037 $ - State, county and municipal securities 158,386 - 158,386 - Corporate debt securities 20,303 - 18,803 1,500 Mortgage-backed securities 658,920 - 658,920 - Mortgage loans held for sale 102,757 - 102,757 - Mortgage banking derivative instruments 5,752 - 5,752 - Total recurring assets at fair value $ 952,155 $ - $ 950,655 $ 1,500 Derivative financial instruments $ 3,535 - $ 3,535 - Mortgage banking derivative instruments $ 1,614 - 1,614 - Total recurring liabilities at fair value $ 5,149 $ - $ 5,149 $ - Fair Value Measurements on a Recurring Basis Fair Value Quoted Prices Significant Significant U.S. government agencies $ 14,890 $ - $ 14,890 $ - State, county and municipal securities 161,316 - 161,316 - Corporate debt securities 6,017 - 3,019 2,998 Mortgage-backed securities 600,962 - 600,962 - Mortgage loans held for sale 111,182 - 111,182 - Mortgage banking derivative instruments 2,687 - 2,687 - Total recurring assets at fair value $ 897,054 $ - $ 894,056 $ 2,998 Derivative financial instruments $ 1,439 $ - $ 1,439 $ - Mortgage banking derivative instruments 137 - 137 - Total recurring liabilities at fair value $ 1,576 $ - $ 1,576 $ - Fair Value Measurements on a Recurring Basis Fair Value Quoted Prices Significant Significant U.S. government agencies $ 14,746 $ - $ 14,746 $ - State, county and municipal securities 167,372 - 167,372 - Corporate debt securities 12,836 - 10,336 2,500 Mortgage-backed securities 667,200 - 667,200 - Mortgage loans held for sale 108,829 - 108,829 - Mortgage banking derivative instruments 3,775 - 3,775 - Total recurring assets at fair value $ 974,758 $ - $ 972,258 $ 2,500 Derivative financial instruments $ 1,306 $ - $ 1,306 $ - Total recurring liabilities at fair value $ 1,306 $ - $ 1,306 $ - |
Summary of Fair Value Measurements of Assets Measured at Fair Value on Non-Recurring Basis | The following table presents the fair value measurements of assets measured at fair value on a non-recurring basis, as well as the general classification of such instruments pursuant to the valuation hierarchy as of June 30, 2016, December 31, 2015 and June 30, 2015 (dollars in thousands): Fair Value Measurements on a Nonrecurring Basis Fair Quoted Prices Significant Significant Impaired loans carried at fair value $ 26,574 $ - $ - $ 26,574 Other real estate owned 1,017 - - 1,017 Purchased, non-covered other real estate owned 13,928 - - 13,928 Covered other real estate owned 2,742 - - 2,742 Total nonrecurring assets at fair value $ 44,261 $ - $ - $ 44,261 Fair Value Measurements on a Nonrecurring Basis Fair Quoted Prices Significant Significant Impaired loans carried at fair value $ 27,069 $ - $ - $ 27,069 Other real estate owned 10,456 - - 10,456 Purchased, non-covered other real estate owned 14,333 - - 14,333 Covered other real estate owned 5,011 - - 5,011 Total nonrecurring assets at fair value $ 56,869 $ - $ - $ 56,869 Fair Value Measurements on a Nonrecurring Basis Fair Quoted Prices Significant Significant Impaired loans carried at fair value $ 29,228 $ - $ - $ 29,228 Other real estate owned 11,069 - - 11,069 Purchased, non-covered other real estate owned 13,112 - - 13,112 Covered other real estate owned 12,626 - - 12,626 Total nonrecurring assets at fair value $ 66,035 $ - $ - $ 66,035 |
Summary of Significant Unobservable Inputs Used in Fair Value Measurement of Level 3 Assets and Liabilities | The following table shows significant unobservable inputs used in the fair value measurement of Level 3 assets and liabilities (dollars in thousands): Fair Value Valuation Technique Unobservable Inputs Range of Weighted As of June 30, 2016 Nonrecurring: Impaired loans $ 26,574 Third-party appraisals and discounted cash flows Collateral discounts and discount rates 15% - 100% 28 % Other real estate owned $ 1,017 Third-party appraisals, sales contracts, broker price opinions Collateral discounts and estimated costs to sell 10%-90% 13 % Purchased non-covered other real estate owned $ 13,928 Third-party appraisals Collateral discounts and estimated costs to sell 10% -78% 16 % Covered other real estate owned $ 2,742 Third-party appraisals Collateral discounts and estimated costs to sell 15% - 56% 16 % Recurring: Investment securities available for sale $ 1,500 Discounted par values Credit quality of underlying issuer 0% 0 % As of December 31, 2015 Nonrecurring: Impaired loans $ 27,069 Third-party appraisals and discounted cash flows Collateral discounts and discount rates 0% - 100% 29 % Other real estate owned $ 10,456 Third-party appraisals, sales contracts, broker price opinions Collateral discounts and estimated costs to sell 10% -90% 13 % Purchased non-covered other real estate owned $ 14,333 Third-party appraisals Collateral discounts and estimated costs to sell 10% -69% 19 % Covered real estate owned $ 5,011 Third-party appraisals Collateral discounts and estimated costs to sell 0% - 74% 12 % Recurring: Investment securities available for sale $ 2,998 Discounted par values Credit quality of underlying issuer 0% 0 % As of June 30, 2015 Nonrecurring: Impaired loans $ 29,228 Third-party appraisals and discounted cash flows Collateral discounts and discount rates 4% - 75% 24 % Other real estate owned $ 11,069 Third-party appraisals, sales contracts, broker price opinions Collateral discounts and estimated costs to sell 10% 10 % Purchased non-covered other real estate owned $ 13,112 Third-party appraisals Collateral discounts and estimated costs to sell 10% -85% 19 % Covered other real estate owned $ 12,626 Third-party appraisals Collateral discounts and estimated costs to sell 10% - 70% 12 % Recurring: Investment securities available for sale $ 2,500 Discounted par values Credit quality of underlying issuer 0% 0 % |
Carrying Amount and Estimated Fair Value of Financial Instruments | The carrying amount and estimated fair value of the Company’s financial instruments, not shown elsewhere in these financial statements, were as follows: Fair Value Measurements at June 30, 2016 Using: Carrying Level 1 Level 2 Level 3 Total (Dollars in Thousands) Financial assets: Cash and due from banks $ 116,255 $ 116,255 $ - $ - $ 116,255 Federal funds sold and interest-bearing accounts 68,273 68,273 - - 68,273 Loans, net 4,677,580 - - 4,674,993 4,674,993 Accrued interest receivable 19,734 19,734 - - 19,734 Financial liabilities: Deposits $ 5,179,532 $ - $ 5,180,700 $ - $ 5,180,700 Securities sold under agreements to repurchase 37,139 37,139 - - 37,139 FDIC loss-share payable 1,897 - - 6,944 6,944 Other borrowings 260,191 - 260,191 - 260,191 Accrued interest payable 1,129 1,129 - - 1,129 Subordinated deferrable interest debentures 83,570 - 67,484 - 67,484 Fair Value Measurements at December 31, 2015 Using: Carrying Level 1 Level 2 Level 3 Total (Dollars in Thousands) Financial assets: Cash and due from banks $ 118,518 $ 118,518 $ - $ - $ 118,518 Federal funds sold and interest-bearing accounts 272,045 272,045 - - 272,045 Loans, net 3,971,974 - - 3,982,606 3,982,606 FDIC loss-share receivable 6,301 - - (944) (944) Accrued interest receivable 21,274 21,274 - - 21,274 Financial liabilities: Deposits $ 4,879,290 $ - $ 4,880,294 $ - $ 4,880,294 Securities sold under agreements to repurchase 63,585 63,585 - - 63,585 Other borrowings 39,000 - 39,000 - 39,000 Accrued interest payable 1,054 1,054 - - 1,054 Subordinated deferrable interest debentures 69,874 - 52,785 - 52,785 Fair Value Measurements at June 30, 2015 Using: Carrying Level 1 Level 2 Level 3 Total (Dollars in Thousands) Financial assets: Cash and due from banks $ 115,413 $ 115,413 $ - $ - $ 115,413 Federal funds sold and interest-bearing accounts 239,804 239,804 - - 239,804 Loans, net 3,407,609 - - 3,428,008 3,428,008 FDIC loss-share receivable 14,957 - - 5,295 5,295 Accrued interest receivable 17,648 17,648 - - 17,648 Financial liabilities: Deposits $ 4,511,547 $ - $ 4,513,218 $ - $ 4,513,218 Securities sold under agreements to repurchase 75,066 75,066 - - 75,066 Other borrowings 39,000 - 39,000 - 39,000 Accrued interest payable 1,239 1,239 - - 1,239 Subordinated deferrable interest debentures 69,325 - 50,924 - 50,924 |
SEGMENT REPORTING (Tables)
SEGMENT REPORTING (Tables) | 6 Months Ended |
Jun. 30, 2016 | |
Segment Reporting [Abstract] | |
Schedule of Financial Information with Respect to Company's Reportable Business Segments | The following tables present selected financial information with respect to the Company’s reportable business segments for the three months ended June 30, 2016 and 2015: Three Months Ended Banking Division Retail Mortgage Warehouse SBA Division Total (Dollars in Thousands) Interest income $ 53,534 $ 3,293 $ 1,622 $ 891 $ 59,340 Interest expense 4,594 - - 157 4,751 Net interest income 48,940 3,293 1,622 734 54,589 Provision for loan losses 733 93 - 63 889 Noninterest income 13,018 13,304 440 1,617 28,379 Noninterest expense Salaries and employee benefits 18,428 8,304 108 691 27,531 Equipment and occupancy expenses 5,901 405 1 64 6,371 Data processing and telecommunications expenses 5,685 338 25 1 6,049 Other expenses 11,071 1,133 26 178 12,408 Total noninterest expense 41,085 10,180 160 934 52,359 Income before income tax expense 20,140 6,324 1,902 1,354 29,720 Income tax expense 6,318 2,213 666 474 9,671 Net income $ 13,822 $ 4,111 $ 1,236 $ 880 $ 20,049 Total assets $ 5,691,976 $ 306,932 $ 150,823 $ 71,563 $ 6,221,294 Other intangible assets, net, $ 20,574 $ - $ - $ - $ 20,574 Goodwill $ 121,422 $ - $ - $ - $ 121,422 Three Months Ended Banking Division Retail Mortgage Warehouse SBA Division Total (Dollars in Thousands) Interest income $ 40,252 $ 1,979 $ 1,179 $ 819 $ 44,229 Interest expense 3,446 - - 95 3,541 Net interest income 36,806 1,979 1,179 724 40,688 Provision for loan losses 2,456 200 - - 2,656 Noninterest income 9,262 9,095 383 1,886 20,626 Noninterest expense Salaries and employee benefits 15,675 5,592 99 1,099 22,465 Equipment and occupancy expenses 4,376 396 1 36 4,809 Data processing and telecommunications expenses 3,913 279 20 2 4,214 Other expenses 24,048 1,150 19 159 25,376 Total noninterest expense 48,012 7,417 139 1,296 56,864 Income (loss) before income tax expense (benefit) (4,400) 3,457 1,423 1,314 1,794 Income tax expense (benefit) (1,682) 1,210 498 460 486 Net income (loss) $ (2,718) $ 2,247 $ 925 $ 854 $ 1,308 Total assets $ 4,823,335 $ 235,067 $ 82,913 $ 64,419 $ 5,205,734 Other intangible assets, net $ 19,189 $ - $ - $ - $ 19,189 Goodwill $ 87,367 $ - $ - $ - $ 87,367 The following tables present selected financial information with respect to the Company’s reportable business segments for the six months ended June 30, 2016 and 2015: Six Months Ended Banking Retail Mortgage Warehouse SBA Division Total (Dollars in Thousands) Interest income $ 103,313 $ 6,313 $ 2,641 $ 1,632 $ 113,899 Interest expense 8,572 - - 302 8,874 Net interest income 94,741 6,313 2,641 1,330 105,025 Provision for loan losses 1,414 93 - 63 1,570 Noninterest income 25,753 22,928 773 3,211 52,665 Noninterest expense Salaries and employee benefits 37,417 14,651 296 1,354 53,718 Equipment and occupancy expenses 11,051 893 2 125 12,071 Data processing and telecommunications expenses 11,505 610 45 2 12,162 Other expenses 27,507 2,089 51 361 30,008 Total noninterest expense 87,480 18,243 394 1,842 107,959 Income before income tax expense 31,600 10,905 3,020 2,636 48,161 Income tax expense 9,999 3,816 1,057 923 15,795 Net income $ 21,601 $ 7,089 $ 1,963 $ 1,713 $ 32,366 Six Months Ended Banking Division Retail Mortgage Warehouse SBA Division Total (Dollars in Thousands) Interest income $ 79,549 $ 3,524 $ 2,014 $ 1,510 $ 86,597 Interest expense 6,904 - - 173 7,077 Net interest income 72,645 3,524 2,014 1,337 79,520 Provision for loan losses 3,383 342 - - 3,725 Noninterest income 18,042 16,705 656 2,798 38,201 Noninterest expense Salaries and employee benefits 31,037 10,119 226 1,715 43,097 Equipment and occupancy expenses 8,520 776 3 64 9,363 Data processing and telecommunications expenses 7,924 491 53 6 8,474 Other expenses 34,404 2,082 55 216 36,757 Total noninterest expense 81,885 13,468 337 2,001 97,691 Income before income tax expense 5,419 6,419 2,333 2,134 16,305 Income tax expense 1,423 2,246 817 747 5,233 Net income $ 3,996 $ 4,173 $ 1,516 $ 1,387 $ 11,072 |
BUSINESS COMBINATIONS (Details)
BUSINESS COMBINATIONS (Details) - USD ($) $ / shares in Units, $ in Thousands | Mar. 11, 2016 | Jun. 12, 2015 | May 22, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | Dec. 31, 2015 | |
Deposits: | |||||||
Federal funds purchased and securities sold under agreements to repurchase | $ 3,200 | ||||||
Goodwill | 121,422 | $ 87,367 | $ 90,082 | ||||
Consideration: | |||||||
Company common stock issued | $ 72,455 | $ 0 | |||||
Bank Of America [Member] | |||||||
Assets | |||||||
Cash and cash equivalents | $ 630,220 | ||||||
Loans | 4,363 | ||||||
Premises and equipment | 10,348 | ||||||
Intangible assets | 0 | ||||||
Other assets | 126 | ||||||
Total assets | 645,057 | ||||||
Deposits: | |||||||
Noninterest-bearing | 149,854 | ||||||
Interest-bearing | 495,110 | ||||||
Total deposits | 644,964 | ||||||
Other liabilities | 93 | ||||||
Total liabilities | 645,057 | ||||||
Net identifiable assets acquired over (under) liabilities assumed | 0 | ||||||
Goodwill | 0 | ||||||
Net assets acquired over (under) liabilities assumed | 0 | ||||||
Consideration: | |||||||
Cash exchanged for shares | 20,000 | ||||||
Cash paid as deposit premium | 20,002 | ||||||
Fair value of total consideration transferred | 20,002 | ||||||
Bank Of America [Member] | Subsequent Fair Value Adjustments [Member] | |||||||
Assets | |||||||
Cash and cash equivalents | 0 | ||||||
Loans | [1] | (364) | |||||
Premises and equipment | [2] | (755) | |||||
Intangible assets | [3] | 985 | |||||
Other assets | 0 | ||||||
Total assets | (134) | ||||||
Deposits: | |||||||
Noninterest-bearing | 0 | ||||||
Interest-bearing | 0 | ||||||
Total deposits | 0 | ||||||
Other liabilities | 0 | ||||||
Total liabilities | 0 | ||||||
Net identifiable assets acquired over (under) liabilities assumed | (134) | ||||||
Goodwill | 134 | ||||||
Net assets acquired over (under) liabilities assumed | 0 | ||||||
Bank Of America [Member] | Initial Fair Value Adjustments [Member] | |||||||
Assets | |||||||
Cash and cash equivalents | 0 | ||||||
Loans | 0 | ||||||
Premises and equipment | [4] | 1,060 | |||||
Intangible assets | [5] | 7,651 | |||||
Total assets | 8,711 | ||||||
Deposits: | |||||||
Noninterest-bearing | 0 | ||||||
Interest-bearing | [6] | (215) | |||||
Total deposits | (215) | ||||||
Other liabilities | 0 | ||||||
Total liabilities | (215) | ||||||
Net identifiable assets acquired over (under) liabilities assumed | 8,926 | ||||||
Goodwill | 11,076 | ||||||
Net assets acquired over (under) liabilities assumed | 20,002 | ||||||
Bank Of America [Member] | As Recorded by Ameris [Member] | |||||||
Assets | |||||||
Cash and cash equivalents | 630,220 | ||||||
Loans | 3,999 | ||||||
Premises and equipment | 10,653 | ||||||
Intangible assets | 8,636 | ||||||
Other assets | 126 | ||||||
Total assets | 653,634 | ||||||
Deposits: | |||||||
Noninterest-bearing | 149,854 | ||||||
Interest-bearing | 494,895 | ||||||
Total deposits | 644,749 | ||||||
Other liabilities | 93 | ||||||
Total liabilities | 644,842 | ||||||
Net identifiable assets acquired over (under) liabilities assumed | 8,792 | ||||||
Goodwill | 11,210 | ||||||
Net assets acquired over (under) liabilities assumed | $ 20,002 | ||||||
Merchants and Southern Banks of Florida [Member] | |||||||
Assets | |||||||
Cash and cash equivalents | $ 7,527 | ||||||
Federal funds sold and interest-bearing balances | 106,188 | ||||||
Investment securities | 164,421 | ||||||
Other investments | 872 | ||||||
Loans | 199,955 | ||||||
Less allowance for loan losses | (3,354) | ||||||
Loans, net | 196,601 | ||||||
Other real estate owned | 4,082 | ||||||
Premises and equipment | 14,614 | ||||||
Intangible assets | 0 | ||||||
Other assets | 2,333 | ||||||
Total assets | 496,638 | ||||||
Deposits: | |||||||
Noninterest-bearing | 121,708 | ||||||
Interest-bearing | 286,112 | ||||||
Total deposits | 407,820 | ||||||
Federal funds purchased and securities sold under agreements to repurchase | 41,588 | ||||||
Other liabilities | 2,151 | ||||||
Subordinated deferrable interest debentures | 6,186 | ||||||
Total liabilities | 457,745 | ||||||
Net identifiable assets acquired over (under) liabilities assumed | 38,893 | ||||||
Goodwill | 0 | ||||||
Net assets acquired over (under) liabilities assumed | 38,893 | ||||||
Consideration: | |||||||
Cash exchanged for shares | 50,000 | ||||||
Fair value of total consideration transferred | 50,000 | ||||||
Merchants and Southern Banks of Florida [Member] | Subsequent Fair Value Adjustments [Member] | |||||||
Assets | |||||||
Cash and cash equivalents | 0 | ||||||
Federal funds sold and interest-bearing balances | 0 | ||||||
Investment securities | [7] | (639) | |||||
Other investments | [8] | (253) | |||||
Loans | [9] | 91 | |||||
Less allowance for loan losses | 0 | ||||||
Loans, net | 91 | ||||||
Other real estate owned | 0 | ||||||
Premises and equipment | 0 | ||||||
Intangible assets | [10] | (634) | |||||
Other assets | [11] | (1,109) | |||||
Total assets | (2,544) | ||||||
Deposits: | |||||||
Noninterest-bearing | 0 | ||||||
Interest-bearing | [12] | 41,588 | |||||
Total deposits | 41,588 | ||||||
Federal funds purchased and securities sold under agreements to repurchase | [12] | (41,588) | |||||
Other liabilities | 0 | ||||||
Subordinated deferrable interest debentures | 0 | ||||||
Total liabilities | 0 | ||||||
Net identifiable assets acquired over (under) liabilities assumed | (2,544) | ||||||
Goodwill | 2,544 | ||||||
Net assets acquired over (under) liabilities assumed | 0 | ||||||
Merchants and Southern Banks of Florida [Member] | Initial Fair Value Adjustments [Member] | |||||||
Assets | |||||||
Cash and cash equivalents | 0 | ||||||
Federal funds sold and interest-bearing balances | 0 | ||||||
Investment securities | [13] | (533) | |||||
Other investments | 0 | ||||||
Loans | [1] | (8,500) | |||||
Less allowance for loan losses | [14] | 3,354 | |||||
Loans, net | (5,146) | ||||||
Other real estate owned | [15] | (1,115) | |||||
Premises and equipment | [5],[16] | (3,680) | |||||
Intangible assets | [17] | 4,577 | |||||
Other assets | 2,335 | ||||||
Total assets | (3,582) | ||||||
Deposits: | |||||||
Noninterest-bearing | 0 | ||||||
Interest-bearing | 0 | ||||||
Total deposits | 0 | ||||||
Federal funds purchased and securities sold under agreements to repurchase | 0 | ||||||
Other liabilities | [18] | 81 | |||||
Subordinated deferrable interest debentures | [19] | (2,680) | |||||
Total liabilities | (2,599) | ||||||
Net identifiable assets acquired over (under) liabilities assumed | (983) | ||||||
Goodwill | 12,090 | ||||||
Net assets acquired over (under) liabilities assumed | 11,107 | ||||||
Merchants and Southern Banks of Florida [Member] | As Recorded by Ameris [Member] | |||||||
Assets | |||||||
Cash and cash equivalents | 7,527 | ||||||
Federal funds sold and interest-bearing balances | 106,188 | ||||||
Investment securities | 163,229 | ||||||
Other investments | 619 | ||||||
Loans | 191,546 | ||||||
Less allowance for loan losses | 0 | ||||||
Loans, net | 191,546 | ||||||
Other real estate owned | 2,967 | ||||||
Premises and equipment | 10,934 | ||||||
Intangible assets | 3,943 | ||||||
Other assets | 3,559 | ||||||
Total assets | 490,512 | ||||||
Deposits: | |||||||
Noninterest-bearing | 121,708 | ||||||
Interest-bearing | 327,700 | ||||||
Total deposits | 449,408 | ||||||
Federal funds purchased and securities sold under agreements to repurchase | 0 | ||||||
Other liabilities | 2,232 | ||||||
Subordinated deferrable interest debentures | 3,506 | ||||||
Total liabilities | 455,146 | ||||||
Net identifiable assets acquired over (under) liabilities assumed | 35,366 | ||||||
Goodwill | 14,634 | ||||||
Net assets acquired over (under) liabilities assumed | $ 50,000 | ||||||
Jacksonville Bancorp, Inc [Member] | |||||||
Assets | |||||||
Cash and cash equivalents | $ 9,704 | ||||||
Federal funds sold and interest-bearing balances | 7,027 | ||||||
Investment securities | 59,894 | ||||||
Other investments | 2,458 | ||||||
Loans | 401,085 | ||||||
Less allowance for loan losses | 0 | ||||||
Loans, net | 401,085 | ||||||
Other real estate owned | 1,838 | ||||||
Premises and equipment | 4,798 | ||||||
Intangible assets | 5,854 | ||||||
Other assets | 37,407 | ||||||
Total assets | 530,065 | ||||||
Deposits: | |||||||
Noninterest-bearing | 123,399 | ||||||
Interest-bearing | 277,960 | ||||||
Total deposits | 401,359 | ||||||
Other borrowings | 48,434 | ||||||
Other liabilities | 2,354 | ||||||
Subordinated deferrable interest debentures | 12,901 | ||||||
Total liabilities | 465,048 | ||||||
Net identifiable assets acquired over (under) liabilities assumed | 65,017 | ||||||
Goodwill | 31,375 | ||||||
Net assets acquired over (under) liabilities assumed | $ 96,392 | ||||||
Consideration: | |||||||
Ameris Bancorp common shares issued | 2,549,469 | ||||||
Company common stock issued | $ 72,500 | ||||||
Cash exchanged for shares | 23,900 | ||||||
Jacksonville Bancorp, Inc [Member] | Initial Fair Value Adjustments [Member] | |||||||
Assets | |||||||
Cash and cash equivalents | 0 | ||||||
Federal funds sold and interest-bearing balances | 0 | ||||||
Investment securities | [13] | (942) | |||||
Other investments | 0 | ||||||
Loans | [20] | (15,746) | |||||
Less allowance for loan losses | [21] | 12,613 | |||||
Loans, net | (3,133) | ||||||
Other real estate owned | [22] | (1,035) | |||||
Premises and equipment | 0 | ||||||
Intangible assets | [5] | 5,566 | |||||
Other assets | [23] | 23,266 | |||||
Total assets | 23,722 | ||||||
Deposits: | |||||||
Noninterest-bearing | 0 | ||||||
Interest-bearing | [6] | 421 | |||||
Total deposits | 421 | ||||||
Other borrowings | [24] | 84 | |||||
Other liabilities | 0 | ||||||
Subordinated deferrable interest debentures | [25] | (3,393) | |||||
Total liabilities | (2,888) | ||||||
Net identifiable assets acquired over (under) liabilities assumed | 26,610 | ||||||
Goodwill | 31,375 | ||||||
Net assets acquired over (under) liabilities assumed | 57,985 | ||||||
Jacksonville Bancorp, Inc [Member] | As Recorded by Ameris [Member] | |||||||
Assets | |||||||
Cash and cash equivalents | 9,704 | ||||||
Federal funds sold and interest-bearing balances | 7,027 | ||||||
Investment securities | 60,836 | ||||||
Other investments | 2,458 | ||||||
Loans | 416,831 | ||||||
Less allowance for loan losses | (12,613) | ||||||
Loans, net | 404,218 | ||||||
Other real estate owned | 2,873 | ||||||
Premises and equipment | 4,798 | ||||||
Intangible assets | 288 | ||||||
Other assets | 14,141 | ||||||
Total assets | 506,343 | ||||||
Deposits: | |||||||
Noninterest-bearing | 123,399 | ||||||
Interest-bearing | 277,539 | ||||||
Total deposits | 400,938 | ||||||
Other borrowings | 48,350 | ||||||
Other liabilities | 2,354 | ||||||
Subordinated deferrable interest debentures | 16,294 | ||||||
Total liabilities | 467,936 | ||||||
Net identifiable assets acquired over (under) liabilities assumed | 38,407 | ||||||
Goodwill | 0 | ||||||
Net assets acquired over (under) liabilities assumed | $ 38,407 | ||||||
Consideration: | |||||||
Ameris Bancorp common shares issued | 2,549,469 | ||||||
Purchase price per share of the Company’s common stock | $ 28.42 | ||||||
Company common stock issued | $ 72,455 | ||||||
Cash exchanged for shares | 23,937 | ||||||
Fair value of total consideration transferred | $ 96,392 | ||||||
[1] | Adjustment reflects the fair value adjustments based on the Company’s evaluation of the acquired loan portfolio. | ||||||
[2] | Adjustment reflects additional recording of fair value adjustment of the premises and equipment. | ||||||
[3] | Adjustment reflects additional recording of core deposit intangible on the acquired core deposit accounts. | ||||||
[4] | Adjustment reflects the fair value adjustments of the premises and equipment as of the acquisition date. | ||||||
[5] | Adjustment reflects the recording of core deposit intangible on the acquired core deposit accounts. | ||||||
[6] | Adjustment reflects the fair value adjustments based on the Company’s evaluation of the acquired deposits. | ||||||
[7] | Adjustment reflects the additional fair value adjustments of the portfolio of securities available for sale as of the acquisition date. | ||||||
[8] | Adjustment reflects the fair value adjustments of other investments as of the acquisition date. | ||||||
[9] | Adjustment reflects additional recording of fair value adjustment of the acquired loan portfolio. | ||||||
[10] | Adjustment reflects adjustment to the core deposit intangible on the acquired core deposit accounts. | ||||||
[11] | Adjustment reflects the additional deferred taxes on the difference in the carrying values of acquired assets and assumed liabilities for financial reporting purposes and their basis for federal income tax purposes. | ||||||
[12] | Subsequent to acquisition, the acquired securities sold under agreements to repurchase were converted to deposit accounts and are no longer reported as securities sold under agreements to repurchase on the Consolidated Balance Sheet as of December 31, 2015. | ||||||
[13] | Adjustment reflects the fair value adjustments of the portfolio of securities available for sale as of the acquisition date. | ||||||
[14] | Adjustment reflects the elimination of Merchants’ allowance for loan losses. | ||||||
[15] | Adjustment reflects the fair value adjustment based on the Company’s evaluation of the acquired OREO portfolio. | ||||||
[16] | Adjustment reflects the fair value adjustment based on the Company’s evaluation of the acquired premises. | ||||||
[17] | Adjustment reflects the deferred taxes on the difference in the carrying values of acquired assets and assumed liabilities for financial reporting purposes and their basis for federal income tax purposes. | ||||||
[18] | Adjustment reflects the fair value adjustments based on the Company’s evaluation of interest rate swap liabilities. | ||||||
[19] | Adjustment reflects the fair value adjustment to the subordinated deferrable interest debentures at the acquisition date. | ||||||
[20] | Adjustment reflects the fair value adjustments based on the Company’s evaluation of the acquired loan portfolio, net of the reversal of JAXB remaining fair value adjustments from their prior acquisitions. | ||||||
[21] | Adjustment reflects the elimination of JAXB’s allowance for loan losses. | ||||||
[22] | Adjustment reflects the fair value adjustment based on the Company’s evaluation of the acquired OREO portfolio, which is based largely on contracted sale prices. | ||||||
[23] | Adjustment reflects the deferred taxes on the difference in the carrying values of acquired assets and assumed liabilities for financial reporting purposes and their basis for federal income tax purposes and the reversal of JAXB valuation allowance established on their deferred tax assets. | ||||||
[24] | Adjustment reflects the fair value adjustments based on the Company's evaluation of the liability for other borrowings. | ||||||
[25] | Adjustment reflects the fair value adjustment to the subordinated deferrable interest debentures at the acquisition date, net of the reversal of JAXB remaining fair value adjustments from their prior acquisitions. |
BUSINESS COMBINATIONS (Details
BUSINESS COMBINATIONS (Details 1) $ in Thousands | Jun. 30, 2016USD ($) |
Merchants and Southern Banks of Florida [Member] | |
Contractually required principal and interest | $ 17,201 |
Non-accretable difference | (2,712) |
Cash flows expected to be collected | 14,489 |
Accretable yield | (3,254) |
Total purchased credit-impaired loans acquired | 11,235 |
Jacksonville Bancorp, Inc [Member] | |
Contractually required principal and interest | 42,314 |
Non-accretable difference | (7,877) |
Cash flows expected to be collected | 34,437 |
Accretable yield | (6,182) |
Total purchased credit-impaired loans acquired | $ 28,255 |
BUSINESS COMBINATIONS (Detail37
BUSINESS COMBINATIONS (Details 2) - USD ($) $ in Thousands | Mar. 11, 2016 | Mar. 22, 2015 |
Merchants and Southern Banks of Florida [Member] | ||
Acquired receivables subject to ASC 310-30, Fair Value of Acquired Loans at Acquisition Date | $ 11,235 | |
Acquired receivables subject to ASC 310-30, Gross Contractual Amounts Receivable at Acquisition Date | 14,086 | |
Acquired receivables subject to ASC 310-30, Best Estimate at Acquisition Date of Contractual Cash Flows Not Expected to be Collected | 2,712 | |
Acquired receivables not subject to ASC 310-30, Fair Value of Acquired Loans at Acquisition Date | 180,311 | |
Acquired receivables not subject to ASC 310-30, Gross Contractual Amounts Receivable at Acquisition Date | 184,906 | |
Acquired receivables not subject to ASC 310-30, Best Estimate at Acquisition Date of Contractual Cash Flows Not Expected to be Collected | $ 0 | |
Jacksonville Bancorp, Inc [Member] | ||
Acquired receivables subject to ASC 310-30, Fair Value of Acquired Loans at Acquisition Date | $ 28,255 | |
Acquired receivables subject to ASC 310-30, Gross Contractual Amounts Receivable at Acquisition Date | 42,314 | |
Acquired receivables subject to ASC 310-30, Best Estimate at Acquisition Date of Contractual Cash Flows Not Expected to be Collected | 7,877 | |
Acquired receivables not subject to ASC 310-30, Fair Value of Acquired Loans at Acquisition Date | 372,830 | |
Acquired receivables not subject to ASC 310-30, Gross Contractual Amounts Receivable at Acquisition Date | 488,346 | |
Acquired receivables not subject to ASC 310-30, Best Estimate at Acquisition Date of Contractual Cash Flows Not Expected to be Collected | $ 0 |
BUSINESS COMBINATIONS (Detail38
BUSINESS COMBINATIONS (Details 3) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | |
Net income available to common stockholders | $ 20,049 | $ 5,086 | $ 33,101 | $ 16,178 |
Coastal Bankshares, Inc. [Member] | ||||
Net interest income and noninterest income | 82,968 | 66,635 | 161,766 | 127,924 |
Net income | $ 20,049 | $ 5,086 | $ 33,101 | $ 16,178 |
Income per common share available to common stockholders - basic | $ 0.58 | $ 0.15 | $ 0.95 | $ 0.48 |
Income per common share available to common stockholders - diluted | $ 0.57 | $ 0.15 | $ 0.94 | $ 0.47 |
Average number of shares outstanding, basic | 34,833 | 34,734 | 34,786 | 33,867 |
Average number of shares outstanding, diluted | 35,153 | 35,069 | 35,101 | 34,202 |
BUSINESS COMBINATIONS (Detail39
BUSINESS COMBINATIONS (Details 4) - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended | |
Jun. 30, 2016 | Jun. 30, 2015 | Dec. 31, 2015 | |
Balance, beginning of year | $ 9,063 | $ 15,578 | $ 15,578 |
Accretion | 2,247 | 6,251 | 9,658 |
Transfers to purchased non-covered other real estate owned | (2,663) | (2,039) | |
Transfer from covered loans due to loss-share expiration | 0 | 84 | 1,665 |
Balance, ending of year | 6,363 | 12,060 | 9,063 |
Non Covered Loan [Member] | |||
Balance, beginning of year | 771,554 | 674,239 | 674,239 |
Charge-offs, net of recoveries | (461) | (470) | (991) |
Additions due to acquisitions | 401,085 | 195,818 | 195,818 |
Accretion | 6,597 | 5,388 | 10,590 |
Transfers to purchased non-covered other real estate owned | (2,663) | (2,039) | (4,473) |
Transfer from covered loans due to loss-share expiration | 0 | 15,462 | 50,568 |
Payments received | (103,985) | (80,085) | (154,666) |
Other | 90 | 0 | 469 |
Balance, ending of year | $ 1,072,217 | $ 808,313 | $ 771,554 |
BUSINESS COMBINATIONS (Detail40
BUSINESS COMBINATIONS (Details 5) - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended | |
Jun. 30, 2016 | Jun. 30, 2015 | Dec. 31, 2015 | |
Schedule Of Covered Loans Acquired Accretable Discounts [Line Items] | |||
Balance, beginning of year | $ 9,063 | $ 15,578 | $ 15,578 |
Accretion | (6,597) | (5,388) | |
Transfer from covered loans due to loss-share expiration | 0 | 84 | 1,665 |
Transfers between non-accretable and accretable discounts, net | (453) | 2,817 | 4,808 |
Balance, ending of year | 6,363 | 12,060 | 9,063 |
Non Covered Loan [Member] | |||
Schedule Of Covered Loans Acquired Accretable Discounts [Line Items] | |||
Balance, beginning of year | 771,554 | 674,239 | 674,239 |
Additions due to acquisitions | 401,085 | 195,818 | 195,818 |
Transfer from covered loans due to loss-share expiration | 0 | 15,462 | 50,568 |
Balance, ending of year | 1,072,217 | 808,313 | 771,554 |
Discount Accretion [Member] | Non Covered Loan [Member] | |||
Schedule Of Covered Loans Acquired Accretable Discounts [Line Items] | |||
Balance, beginning of year | 24,785 | 25,716 | 25,716 |
Additions due to acquisitions | 9,991 | 4,686 | 5,788 |
Accretion | (6,597) | (5,388) | (10,590) |
Transfer from covered loans due to loss-share expiration | 0 | 0 | 1,665 |
Accretable discounts removed due to charge-offs | (11) | (1,685) | (1,768) |
Transfers between non-accretable and accretable discounts, net | 1,914 | (1,007) | 3,974 |
Balance, ending of year | $ 30,082 | $ 22,322 | $ 24,785 |
BUSINESS COMBINATIONS (Detail41
BUSINESS COMBINATIONS (Details Textual) | Mar. 11, 2016USD ($)shares | Jun. 12, 2015USD ($) | May 22, 2015USD ($) | Jun. 30, 2016USD ($) | Jun. 30, 2015USD ($) | Dec. 31, 2015USD ($) |
Goodwill, excess of the merger consideration over fair value of net assets | $ 121,422,000 | $ 87,367,000 | $ 90,082,000 | |||
Description of Merger Agreement | Under the terms of the merger, JAXB’s common shareholders received 0.5861 shares of Ameris common stock or $16.50 in cash for each share of JAXB common stock or nonvoting common stock they previously held, subject to the total consideration being allocated 75% stock and 25% cash | |||||
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable | 72,455,000 | $ 0 | ||||
Merchants and Southern Banks of Florida [Member] | ||||||
Number of banking locations | 13 | |||||
Goodwill, excess of the merger consideration over fair value of net assets | $ 0 | |||||
Fair value of loans acquired | 191,500,000 | |||||
Net of loans acquired | $ 8,400,000 | |||||
Estimated discount | 4.21% | |||||
Accretable yield | $ 11,200,000 | |||||
Payments to Acquire Businesses, Gross | 50,000,000 | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment | 14,614,000 | |||||
Purchase price | 50,000,000 | |||||
Merchants and Southern Banks of Florida [Member] | As Recorded by Acquired Bank [Member] | ||||||
Goodwill, excess of the merger consideration over fair value of net assets | 14,634,000 | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment | $ 10,934,000 | |||||
Bank Of America [Member] | ||||||
Goodwill, excess of the merger consideration over fair value of net assets | $ 0 | |||||
Fair value of loans acquired | 4,000,000 | |||||
Net of loans acquired | 4,000,000 | |||||
Accretable yield | $ 364,000 | |||||
Number Of Bank Branches | 18 | |||||
Deposit Premium On Deposits Assumed | 3.00% | |||||
Average Daily Deposits Period | 15 days | |||||
Payments to Acquire Businesses, Gross | $ 20,000,000 | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment | 10,348,000 | |||||
Purchase price | 20,002,000 | |||||
Bank Of America [Member] | As Recorded by Acquired Bank [Member] | ||||||
Goodwill, excess of the merger consideration over fair value of net assets | 11,210,000 | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment | $ 10,653,000 | |||||
Jacksonville Bancorp, Inc [Member] | ||||||
Goodwill, excess of the merger consideration over fair value of net assets | $ 31,375,000 | |||||
Issuance of common stock, shares | shares | 2,549,469 | |||||
Accretable yield | 28,300,000 | |||||
Payments to Acquire Businesses, Gross | $ 23,900,000 | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment | 4,798,000 | |||||
Discount on loans acquired | $ 15,700,000 | |||||
Percentage of discount on loans acquired | 3.78% | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-term Debt | $ 401,100,000 | |||||
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable | 72,500,000 | |||||
Jacksonville Bancorp, Inc [Member] | As Recorded by Acquired Bank [Member] | ||||||
Goodwill, excess of the merger consideration over fair value of net assets | $ 0 | |||||
Issuance of common stock, shares | shares | 2,549,469 | |||||
Payments to Acquire Businesses, Gross | $ 23,937,000 | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment | 4,798,000 | |||||
Purchase price | 96,392,000 | |||||
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable | $ 72,455,000 |
INVESTMENT SECURITIES (Details)
INVESTMENT SECURITIES (Details) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 | Jun. 30, 2015 |
Schedule of Available-for-sale Securities [Line Items] | |||
Amortized Cost | $ 822,699 | $ 778,261 | $ 858,010 |
Gross Unrealized Gains | 21,201 | 8,136 | 8,437 |
Gross Unrealized Losses | (254) | (3,212) | (4,293) |
Fair Value | 843,646 | 783,185 | 862,154 |
U.S. government sponsored agencies [Member] | |||
Schedule of Available-for-sale Securities [Line Items] | |||
Amortized Cost | 5,999 | 14,959 | 14,956 |
Gross Unrealized Gains | 38 | 0 | 0 |
Gross Unrealized Losses | 0 | (69) | (210) |
Fair Value | 6,037 | 14,890 | 14,746 |
State, county and municipal securities [Member] | |||
Schedule of Available-for-sale Securities [Line Items] | |||
Amortized Cost | 151,504 | 157,681 | 165,070 |
Gross Unrealized Gains | 6,936 | 4,046 | 3,305 |
Gross Unrealized Losses | (54) | (411) | (1,003) |
Fair Value | 158,386 | 161,316 | 167,372 |
Corporate Debt Securities [Member] | |||
Schedule of Available-for-sale Securities [Line Items] | |||
Amortized Cost | 20,151 | 5,900 | 12,710 |
Gross Unrealized Gains | 174 | 145 | 184 |
Gross Unrealized Losses | (22) | (28) | (58) |
Fair Value | 20,303 | 6,017 | 12,836 |
Mortgage-backed securities [Member] | |||
Schedule of Available-for-sale Securities [Line Items] | |||
Amortized Cost | 645,045 | 599,721 | 665,274 |
Gross Unrealized Gains | 14,053 | 3,945 | 4,948 |
Gross Unrealized Losses | (178) | (2,704) | (3,022) |
Fair Value | $ 658,920 | $ 600,962 | $ 667,200 |
INVESTMENT SECURITIES (Details
INVESTMENT SECURITIES (Details 1) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 | Jun. 30, 2015 |
Schedule of Available-for-sale Securities [Line Items] | |||
Due in one year or less, Amortized Cost | $ 4,829 | ||
Due from one year to five years, Amortized Cost | 60,389 | ||
Due from five to ten years, Amortized Cost | 52,279 | ||
Due after ten years, Amortized Cost | 60,157 | ||
Mortgage-backed Securities, Amortized Cost | 645,045 | ||
Amortized Cost | 822,699 | $ 778,261 | $ 858,010 |
Due in one year or less,Fair Value | 4,875 | ||
Due from one year to five years, Fair Value | 62,119 | ||
Due from five to ten years, Fair Value | 55,280 | ||
Due after ten years, Fair Value | 62,452 | ||
Mortgage-backed securities, Fair Value | 658,920 | ||
Total Fair Value | $ 843,646 | $ 783,185 | $ 862,154 |
INVESTMENT SECURITIES (Detail44
INVESTMENT SECURITIES (Details 2) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 | Jun. 30, 2015 |
Schedule of Available-for-sale Securities [Line Items] | |||
Less Than 12 Months, Fair Value | $ 35,870 | $ 293,889 | $ 305,435 |
12 Months or More, Fair Value | 13,273 | 46,465 | 46,004 |
Total Fair Value | 49,143 | 340,354 | 351,439 |
Less Than 12 Months, Unrealized Losses | (150) | (2,204) | (2,922) |
12 Months or More, Unrealized Losses | (104) | (1,008) | (1,371) |
Total Unrealized Losses | (254) | (3,212) | (4,293) |
US Government Agencies [Member] | |||
Schedule of Available-for-sale Securities [Line Items] | |||
Less Than 12 Months, Fair Value | 0 | 9,932 | 9,818 |
12 Months or More, Fair Value | 0 | 4,958 | 4,928 |
Total Fair Value | 0 | 14,890 | 14,746 |
Less Than 12 Months, Unrealized Losses | 0 | (27) | (138) |
12 Months or More, Unrealized Losses | 0 | (42) | (72) |
Total Unrealized Losses | 0 | (69) | (210) |
State, county and municipal securities [Member] | |||
Schedule of Available-for-sale Securities [Line Items] | |||
Less Than 12 Months, Fair Value | 0 | 19,293 | 50,294 |
12 Months or More, Fair Value | 3,862 | 11,557 | 10,404 |
Total Fair Value | 3,862 | 30,850 | 60,698 |
Less Than 12 Months, Unrealized Losses | 0 | (199) | (680) |
12 Months or More, Unrealized Losses | (54) | (212) | (323) |
Total Unrealized Losses | (54) | (411) | (1,003) |
Corporate Debt Securities [Member] | |||
Schedule of Available-for-sale Securities [Line Items] | |||
Less Than 12 Months, Fair Value | 5,683 | 1,383 | 7,149 |
12 Months or More, Fair Value | 0 | 0 | 0 |
Total Fair Value | 5,683 | 1,383 | 7,149 |
Less Than 12 Months, Unrealized Losses | (22) | (28) | (58) |
12 Months or More, Unrealized Losses | 0 | 0 | 0 |
Total Unrealized Losses | (22) | (28) | (58) |
Mortgage-Backed Securities [Member] | |||
Schedule of Available-for-sale Securities [Line Items] | |||
Less Than 12 Months, Fair Value | 30,187 | 263,281 | 238,174 |
12 Months or More, Fair Value | 9,411 | 29,950 | 30,672 |
Total Fair Value | 39,598 | 293,231 | 268,846 |
Less Than 12 Months, Unrealized Losses | (128) | (1,950) | (2,046) |
12 Months or More, Unrealized Losses | (50) | (754) | (976) |
Total Unrealized Losses | $ (178) | $ (2,704) | $ (3,022) |
INVESTMENT SECURITIES (Detail45
INVESTMENT SECURITIES (Details 3) - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended | |
Jun. 30, 2016 | Jun. 30, 2015 | Dec. 31, 2015 | |
Schedule of Available-for-sale Securities [Line Items] | |||
Gross gains on sales of securities | $ 313 | $ 41 | $ 396 |
Gross losses on sales of securities | (219) | (19) | (259) |
Net realized gains on sales of securities available for sale | 94 | 22 | 137 |
Sales proceeds | $ 46,731 | $ 30,113 | $ 72,528 |
INVESTMENT SECURITIES (Detail46
INVESTMENT SECURITIES (Details Textual) $ in Millions | Jun. 30, 2016USD ($) | Dec. 31, 2015USD ($) | Jun. 30, 2015USD ($) |
Schedule of Available-for-sale Securities [Line Items] | |||
Pledged Securities, carrying value | $ 473.6 | $ 551 | $ 323.9 |
Debt Securities [Member] | |||
Schedule of Available-for-sale Securities [Line Items] | |||
Number Of Securities In Security Portfolio | 408 | ||
Number of securities in unrealized loss position | 19 | ||
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | |||
Schedule of Available-for-sale Securities [Line Items] | |||
Number of securities in unrealized loss position | 14 | ||
State, County and Municipal Securities [Member] | |||
Schedule of Available-for-sale Securities [Line Items] | |||
Number of securities in unrealized loss position | 2 | ||
Corporate Debt Securities [Member] | |||
Schedule of Available-for-sale Securities [Line Items] | |||
Number of securities in unrealized loss position | 3 |
LOANS (Details)
LOANS (Details) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 | Jun. 30, 2015 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans and Leases Receivable, Net of Deferred Income | $ 2,819,071 | $ 2,406,877 | $ 2,171,600 |
Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans and Leases Receivable, Net of Deferred Income | 2,819,071 | 2,406,877 | 2,171,600 |
Commercial, financial & agricultural [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans and Leases Receivable, Net of Deferred Income | 564,343 | 449,623 | 373,202 |
Real Estate - construction & development [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans and Leases Receivable, Net of Deferred Income | 274,717 | 244,693 | 205,019 |
Real Estate - Commercial & Farmland [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans and Leases Receivable, Net of Deferred Income | 1,248,580 | 1,104,991 | 1,010,195 |
Real Estate - Residential [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans and Leases Receivable, Net of Deferred Income | 680,233 | 570,430 | 537,201 |
Consumer installment [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans and Leases Receivable, Net of Deferred Income | 33,245 | 31,125 | 30,080 |
Other [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans and Leases Receivable, Net of Deferred Income | $ 17,953 | $ 6,015 | $ 15,903 |
LOANS (Details 1)
LOANS (Details 1) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 | Jun. 30, 2015 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total non-covered loans | $ 21,734 | $ 21,062 | $ 21,658 |
Purchased Non-Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total non-covered loans | 1,072,217 | 771,554 | 808,313 |
Purchased Non-Covered Loans [Member] | Commercial, financial & agricultural [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total non-covered loans | 101,803 | 45,462 | 45,337 |
Purchased Non-Covered Loans [Member] | Real Estate - construction & development [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total non-covered loans | 89,096 | 72,080 | 75,302 |
Purchased Non-Covered Loans [Member] | Real Estate - Commercial & Farmland [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total non-covered loans | 574,830 | 390,755 | 404,588 |
Purchased Non-Covered Loans [Member] | Real Estate - Residential [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total non-covered loans | 300,898 | 258,153 | 276,798 |
Purchased Non-Covered Loans [Member] | Consumer installment [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total non-covered loans | $ 5,590 | $ 5,104 | $ 6,288 |
LOANS (Details 2)
LOANS (Details 2) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 | Jun. 30, 2015 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Covered Loans | $ 121,418 | $ 137,529 | $ 209,598 |
Commercial, financial & agricultural [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Covered Loans | 1,604 | 5,546 | 17,666 |
Real Estate - construction & development [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Covered Loans | 7,168 | 7,612 | 15,002 |
Real Estate - commercial & farmland [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Covered Loans | 65,091 | 71,226 | 111,772 |
Real Estate - residential [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Covered Loans | 47,455 | 53,038 | 64,982 |
Consumer installment [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Covered Loans | $ 100 | $ 107 | $ 176 |
LOANS (Details 3)
LOANS (Details 3) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 | Jun. 30, 2015 |
Excluding Purchased Non-Covered and Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans | $ 16,003 | $ 16,860 | $ 20,740 |
Purchased Non-Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans | 15,767 | 13,330 | 17,444 |
Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans | 10,969 | 13,238 | 28,871 |
Commercial, financial & agricultural [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans | 1,829 | 1,302 | 4,067 |
Commercial, financial & agricultural [Member] | Purchased Non-Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans | 673 | 1,064 | 309 |
Commercial, financial & agricultural [Member] | Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans | 127 | 2,803 | 7,948 |
Real Estate - construction & development [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans | 1,588 | 1,812 | 1,594 |
Real Estate - construction & development [Member] | Purchased Non-Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans | 1,160 | 1,106 | 1,483 |
Real Estate - construction & development [Member] | Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans | 1,600 | 1,701 | 3,120 |
Real Estate - Commercial & Farmland [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans | 6,732 | 7,019 | 8,938 |
Real Estate - Commercial & Farmland [Member] | Purchased Non-Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans | 7,065 | 4,920 | 9,634 |
Real Estate - Commercial & Farmland [Member] | Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans | 5,110 | 5,034 | 13,997 |
Real Estate - Residential [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans | 5,434 | 6,278 | 5,650 |
Real Estate - Residential [Member] | Purchased Non-Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans | 6,830 | 6,168 | 5,930 |
Real Estate - Residential [Member] | Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans | 4,100 | 3,663 | 3,712 |
Consumer installment [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans | 420 | 449 | 491 |
Consumer installment [Member] | Purchased Non-Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans | 39 | 72 | 88 |
Consumer installment [Member] | Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans | $ 32 | $ 37 | $ 94 |
LOANS (Details 4)
LOANS (Details 4) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 | Jun. 30, 2015 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | $ 9,700 | $ 54,800 | |
Total Loans | 2,819,071 | $ 2,406,877 | 2,171,600 |
Excluding Purchased Non-Covered and Covered Loans [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 23,676 | 26,268 | 33,021 |
Current Loans | 2,795,395 | 2,380,609 | 2,138,579 |
Total Loans | 2,819,071 | 2,406,877 | 2,171,600 |
Loans 90 Days or More Past Due and Still Accruing | 0 | 0 | 0 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 7,630 | 7,942 | 9,427 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 3,073 | 3,481 | 6,111 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 12,973 | 14,845 | 17,483 |
Commercial Financial And Agricultural [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 2,842 | 1,674 | 5,619 |
Current Loans | 561,501 | 447,949 | 367,583 |
Total Loans | 564,343 | 449,623 | 373,202 |
Loans 90 Days or More Past Due and Still Accruing | 0 | 0 | 0 |
Commercial Financial And Agricultural [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 845 | 568 | 840 |
Commercial Financial And Agricultural [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 297 | 271 | 888 |
Commercial Financial And Agricultural [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 1,700 | 835 | 3,891 |
Real Estate Construction And Development [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 2,035 | 3,413 | 3,111 |
Current Loans | 272,682 | 241,280 | 201,908 |
Total Loans | 274,717 | 244,693 | 205,019 |
Loans 90 Days or More Past Due and Still Accruing | 0 | 0 | 0 |
Real Estate Construction And Development [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 355 | 1,413 | 1,201 |
Real Estate Construction And Development [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 153 | 261 | 374 |
Real Estate Construction And Development [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 1,527 | 1,739 | 1,536 |
Commercial And Farmland [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 8,656 | 9,334 | 11,795 |
Current Loans | 1,239,924 | 1,095,657 | 998,400 |
Total Loans | 1,248,580 | 1,104,991 | 1,010,195 |
Loans 90 Days or More Past Due and Still Accruing | 0 | 0 | 0 |
Commercial And Farmland [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 2,675 | 1,781 | 1,958 |
Commercial And Farmland [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 724 | 641 | 2,823 |
Commercial And Farmland [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 5,257 | 6,912 | 7,014 |
Real Estate - Residential [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 9,449 | 11,047 | 11,811 |
Current Loans | 670,784 | 559,383 | 525,390 |
Total Loans | 680,233 | 570,430 | 537,201 |
Loans 90 Days or More Past Due and Still Accruing | 0 | 0 | 0 |
Real Estate - Residential [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 3,430 | 3,806 | 5,135 |
Real Estate - Residential [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 1,776 | 2,120 | 1,949 |
Real Estate - Residential [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 4,243 | 5,121 | 4,727 |
Consumer Installment [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 694 | 800 | 685 |
Current Loans | 32,551 | 30,325 | 29,395 |
Total Loans | 33,245 | 31,125 | 30,080 |
Loans 90 Days or More Past Due and Still Accruing | 0 | 0 | 0 |
Consumer Installment [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 325 | 374 | 293 |
Consumer Installment [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 123 | 188 | 77 |
Consumer Installment [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 246 | 238 | 315 |
Other [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 0 | 0 | 0 |
Current Loans | 17,953 | 6,015 | 15,903 |
Total Loans | 17,953 | 6,015 | 15,903 |
Loans 90 Days or More Past Due and Still Accruing | 0 | 0 | 0 |
Other [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 0 | 0 | 0 |
Other [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 0 | 0 | 0 |
Other [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | $ 0 | $ 0 | $ 0 |
LOANS (Details 5)
LOANS (Details 5) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 | Jun. 30, 2015 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | $ 9,700 | $ 54,800 | |
Total Loans | 2,819,071 | $ 2,406,877 | 2,171,600 |
Purchased Non Covered Loans [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 24,514 | 22,264 | 25,182 |
Current Loans | 1,047,703 | 749,290 | 783,131 |
Total Loans | 1,072,217 | 771,554 | 808,313 |
Loans 90 Days or More Past Due and Still Accruing | 0 | 0 | 0 |
Purchased Non Covered Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 7,363 | 8,139 | 6,214 |
Purchased Non Covered Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 3,461 | 4,514 | 3,225 |
Purchased Non Covered Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 13,690 | 9,611 | 15,743 |
Commercial Financial And Agricultural [Member] | Purchased Non Covered Loans [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 741 | 1,107 | 1,303 |
Current Loans | 101,062 | 44,355 | 44,034 |
Total Loans | 101,803 | 45,462 | 45,337 |
Loans 90 Days or More Past Due and Still Accruing | 0 | 0 | 0 |
Commercial Financial And Agricultural [Member] | Purchased Non Covered Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 106 | 248 | 0 |
Commercial Financial And Agricultural [Member] | Purchased Non Covered Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 134 | 13 | 1,101 |
Commercial Financial And Agricultural [Member] | Purchased Non Covered Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 501 | 846 | 202 |
Real Estate Construction And Development [Member] | Purchased Non Covered Loans [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 1,594 | 1,523 | 1,271 |
Current Loans | 87,502 | 70,557 | 74,031 |
Total Loans | 89,096 | 72,080 | 75,302 |
Loans 90 Days or More Past Due and Still Accruing | 0 | 0 | 0 |
Real Estate Construction And Development [Member] | Purchased Non Covered Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 764 | 416 | 245 |
Real Estate Construction And Development [Member] | Purchased Non Covered Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 41 | 687 | 0 |
Real Estate Construction And Development [Member] | Purchased Non Covered Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 789 | 420 | 1,026 |
Commercial And Farmland [Member] | Purchased Non Covered Loans [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 10,905 | 7,455 | 11,901 |
Current Loans | 563,925 | 383,300 | 392,687 |
Total Loans | 574,830 | 390,755 | 404,588 |
Loans 90 Days or More Past Due and Still Accruing | 0 | 0 | 0 |
Commercial And Farmland [Member] | Purchased Non Covered Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 2,177 | 2,479 | 2,115 |
Commercial And Farmland [Member] | Purchased Non Covered Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 1,799 | 1,629 | 724 |
Commercial And Farmland [Member] | Purchased Non Covered Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 6,929 | 3,347 | 9,062 |
Residential Real Estate [Member] | Purchased Non Covered Loans [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 11,227 | 12,069 | 10,617 |
Current Loans | 289,671 | 246,084 | 266,181 |
Total Loans | 300,898 | 258,153 | 276,798 |
Loans 90 Days or More Past Due and Still Accruing | 0 | 0 | 0 |
Residential Real Estate [Member] | Purchased Non Covered Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 4,307 | 4,965 | 3,848 |
Residential Real Estate [Member] | Purchased Non Covered Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 1,487 | 2,176 | 1,400 |
Residential Real Estate [Member] | Purchased Non Covered Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 5,433 | 4,928 | 5,369 |
Consumer Installment [Member] | Purchased Non Covered Loans [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 47 | 110 | 90 |
Current Loans | 5,543 | 4,994 | 6,198 |
Total Loans | 5,590 | 5,104 | 6,288 |
Loans 90 Days or More Past Due and Still Accruing | 0 | 0 | 0 |
Consumer Installment [Member] | Purchased Non Covered Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 9 | 31 | 6 |
Consumer Installment [Member] | Purchased Non Covered Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 0 | 9 | 0 |
Consumer Installment [Member] | Purchased Non Covered Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | $ 38 | $ 70 | $ 84 |
LOANS (Details 6)
LOANS (Details 6) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 | Jun. 30, 2015 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans Past Due | $ 9,700 | $ 54,800 | |
Total Loans | 2,819,071 | $ 2,406,877 | 2,171,600 |
Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans Past Due | 9,312 | 13,821 | 21,480 |
Current Loans | 112,106 | 123,708 | 188,118 |
Total Loans | 121,418 | 137,529 | 209,598 |
Loans 90 Days or More Past Due and Still Accruing | 0 | 0 | 143 |
Covered Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans Past Due | 2,039 | 2,421 | 3,918 |
Covered Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans Past Due | 915 | 1,206 | 1,279 |
Covered Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans Past Due | 6,358 | 10,194 | 16,283 |
Commercial, financial & agricultural [Member] | Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans Past Due | 128 | 2,802 | 2,147 |
Current Loans | 1,476 | 2,744 | 15,519 |
Total Loans | 1,604 | 5,546 | 17,666 |
Loans 90 Days or More Past Due and Still Accruing | 0 | 0 | 0 |
Commercial, financial & agricultural [Member] | Covered Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans Past Due | 1 | 0 | 237 |
Commercial, financial & agricultural [Member] | Covered Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans Past Due | 76 | 0 | 240 |
Commercial, financial & agricultural [Member] | Covered Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans Past Due | 51 | 2,802 | 1,670 |
Real Estate - construction & development [Member] | Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans Past Due | 1,648 | 1,729 | 3,368 |
Current Loans | 5,520 | 5,883 | 11,634 |
Total Loans | 7,168 | 7,612 | 15,002 |
Loans 90 Days or More Past Due and Still Accruing | 0 | 0 | 143 |
Real Estate - construction & development [Member] | Covered Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans Past Due | 108 | 96 | 292 |
Real Estate - construction & development [Member] | Covered Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans Past Due | 3 | 0 | 31 |
Real Estate - construction & development [Member] | Covered Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans Past Due | 1,537 | 1,633 | 3,045 |
Commercial And Farmland [Member] | Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans Past Due | 2,223 | 3,439 | 10,176 |
Current Loans | 62,868 | 67,787 | 101,596 |
Total Loans | 65,091 | 71,226 | 111,772 |
Loans 90 Days or More Past Due and Still Accruing | 0 | 0 | 0 |
Commercial And Farmland [Member] | Covered Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans Past Due | 157 | 170 | 699 |
Commercial And Farmland [Member] | Covered Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans Past Due | 0 | 205 | 81 |
Commercial And Farmland [Member] | Covered Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans Past Due | 2,066 | 3,064 | 9,396 |
Residential Real Estate [Member] | Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans Past Due | 5,281 | 5,814 | 5,739 |
Current Loans | 42,174 | 47,224 | 59,243 |
Total Loans | 47,455 | 53,038 | 64,982 |
Loans 90 Days or More Past Due and Still Accruing | 0 | 0 | 0 |
Residential Real Estate [Member] | Covered Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans Past Due | 1,773 | 2,155 | 2,690 |
Residential Real Estate [Member] | Covered Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans Past Due | 836 | 1,001 | 927 |
Residential Real Estate [Member] | Covered Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans Past Due | 2,672 | 2,658 | 2,122 |
Consumer installment [Member] | Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans Past Due | 32 | 37 | 50 |
Current Loans | 68 | 70 | 126 |
Total Loans | 100 | 107 | 176 |
Loans 90 Days or More Past Due and Still Accruing | 0 | 0 | 0 |
Consumer installment [Member] | Covered Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans Past Due | 0 | 0 | 0 |
Consumer installment [Member] | Covered Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans Past Due | 0 | 0 | 0 |
Consumer installment [Member] | Covered Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans Past Due | $ 32 | $ 37 | $ 50 |
LOANS (Details 7)
LOANS (Details 7) - Loans Excluding Purchased Non Covered And Covered Loan [Member] - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||
Jun. 30, 2016 | Dec. 31, 2015 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | Dec. 31, 2015 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Nonaccrual loans | $ 16,003 | $ 16,860 | $ 20,740 | $ 16,003 | $ 20,740 | $ 16,860 |
Troubled debt restructurings not included above | 14,795 | 14,418 | 12,467 | 14,795 | 12,467 | 14,418 |
Total impaired loans | 30,798 | 31,278 | 33,207 | 30,798 | 33,207 | 31,278 |
Interest income recognized on impaired loans | 238 | 274 | 192 | 556 | 344 | 909 |
Foregone interest income on impaired loans | $ 230 | $ 265 | $ 311 | $ 471 | $ 629 | $ 1,204 |
LOANS (Details 8)
LOANS (Details 8) - Loans Excluding Purchased Non Covered And Covered Loan [Member] - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||
Jun. 30, 2016 | Dec. 31, 2015 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | Dec. 31, 2015 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Unpaid Contractual Principal Balance | $ 35,510 | $ 37,429 | $ 40,262 | $ 35,510 | $ 40,262 | $ 37,429 |
Recorded Investment With No Allowance | 7,523 | 8,711 | 7,555 | 7,523 | 7,555 | 8,711 |
Recorded Investment With Allowance | 23,275 | 22,567 | 25,652 | 23,275 | 25,652 | 22,567 |
Total impaired loans | 30,798 | 31,278 | 33,207 | 30,798 | 33,207 | 31,278 |
Related Allowance | 4,224 | 4,209 | 3,979 | 4,224 | 3,979 | 4,209 |
Average Recorded Investment | 30,441 | 31,955 | 33,491 | 30,720 | 33,819 | 33,073 |
Commercial, financial & agricultural [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Unpaid Contractual Principal Balance | 3,786 | 3,062 | 6,004 | 3,786 | 6,004 | 3,062 |
Recorded Investment With No Allowance | 652 | 158 | 442 | 652 | 442 | 158 |
Recorded Investment With Allowance | 1,453 | 1,385 | 3,903 | 1,453 | 3,903 | 1,385 |
Total impaired loans | 2,105 | 1,543 | 4,345 | 2,105 | 4,345 | 1,543 |
Related Allowance | 150 | 135 | 458 | 150 | 458 | 135 |
Average Recorded Investment | 1,825 | 1,887 | 2,819 | 1,731 | 2,533 | 2,275 |
Real Estate - construction & development [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Unpaid Contractual Principal Balance | 3,141 | 3,581 | 3,765 | 3,141 | 3,765 | 3,581 |
Recorded Investment With No Allowance | 230 | 230 | 0 | 230 | 0 | 230 |
Recorded Investment With Allowance | 1,826 | 2,374 | 2,416 | 1,826 | 2,416 | 2,374 |
Total impaired loans | 2,056 | 2,604 | 2,416 | 2,056 | 2,416 | 2,604 |
Related Allowance | 697 | 774 | 445 | 697 | 445 | 774 |
Average Recorded Investment | 2,154 | 2,598 | 3,245 | 2,304 | 3,648 | 3,228 |
Commercial And Farmland [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Unpaid Contractual Principal Balance | 13,592 | 14,385 | 18,117 | 13,592 | 18,117 | 14,385 |
Recorded Investment With No Allowance | 5,312 | 6,702 | 5,960 | 5,312 | 5,960 | 6,702 |
Recorded Investment With Allowance | 7,221 | 6,083 | 9,595 | 7,221 | 9,595 | 6,083 |
Total impaired loans | 12,533 | 12,785 | 15,555 | 12,533 | 15,555 | 12,785 |
Related Allowance | 1,000 | 1,067 | 1,243 | 1,000 | 1,243 | 1,067 |
Average Recorded Investment | 12,772 | 15,074 | 15,378 | 12,777 | 15,125 | 15,105 |
Residential Real Estate [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Unpaid Contractual Principal Balance | 14,460 | 15,809 | 11,743 | 14,460 | 11,743 | 15,809 |
Recorded Investment With No Allowance | 1,329 | 1,621 | 1,153 | 1,329 | 1,153 | 1,621 |
Recorded Investment With Allowance | 12,331 | 12,230 | 9,199 | 12,331 | 9,199 | 12,230 |
Total impaired loans | 13,660 | 13,851 | 10,352 | 13,660 | 10,352 | 13,851 |
Related Allowance | 2,369 | 2,224 | 1,825 | 2,369 | 1,825 | 2,224 |
Average Recorded Investment | 13,249 | 11,935 | 11,555 | 13,450 | 12,006 | 11,977 |
Consumer installment [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Unpaid Contractual Principal Balance | 531 | 592 | 633 | 531 | 633 | 592 |
Recorded Investment With No Allowance | 0 | 0 | 0 | 0 | 0 | 0 |
Recorded Investment With Allowance | 444 | 495 | 539 | 444 | 539 | 495 |
Total impaired loans | 444 | 495 | 539 | 444 | 539 | 495 |
Related Allowance | 8 | 9 | 8 | 8 | 8 | 9 |
Average Recorded Investment | $ 441 | $ 461 | $ 494 | $ 458 | $ 507 | $ 488 |
LOANS (Details 9)
LOANS (Details 9) - Purchased Non Covered Loans [Member] - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||
Jun. 30, 2016 | Dec. 31, 2015 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | Dec. 31, 2015 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Nonaccrual loans | $ 15,767 | $ 13,330 | $ 17,444 | $ 15,767 | $ 17,444 | $ 13,330 |
Troubled debt restructurings not included above | 9,053 | 9,373 | 6,792 | 9,053 | 6,792 | 9,373 |
Total impaired loans | 24,820 | 22,703 | 24,236 | 24,820 | 24,236 | 22,703 |
Impaired Financing Receivable, Interest Income, Accrual Method | 189 | 442 | 143 | 546 | 161 | 785 |
Loans and Leases Receivable, Impaired, Interest Lost on Nonaccrual Loans | $ 264 | $ 245 | $ 451 | $ 620 | $ 923 | $ 1,365 |
LOANS (Details 10)
LOANS (Details 10) - Purchased Non Covered Loans [Member] - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||
Jun. 30, 2016 | Dec. 31, 2015 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | Dec. 31, 2015 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Unpaid Contractual Principal Balance | $ 34,528 | $ 42,129 | $ 41,278 | $ 34,528 | $ 41,278 | $ 42,129 |
Recorded Investment With No Allowance | 10,402 | 22,703 | 24,236 | 10,402 | 24,236 | 22,703 |
Recorded Investment With Allowance | 14,418 | 0 | 0 | 14,418 | 0 | 0 |
Total Recorded Investment | 24,820 | 22,703 | 24,236 | 24,820 | 24,236 | 22,703 |
Related Allowance | 857 | 0 | 0 | 857 | 0 | 0 |
Average Recorded Investment | 26,600 | 20,633 | 21,535 | 25,301 | 20,844 | 20,759 |
Commercial Financial And Agricultural [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Unpaid Contractual Principal Balance | 2,662 | 3,103 | 1,476 | 2,662 | 1,476 | 3,103 |
Recorded Investment With No Allowance | 675 | 1,066 | 309 | 675 | 309 | 1,066 |
Recorded Investment With Allowance | 0 | 0 | 0 | 0 | 0 | 0 |
Total Recorded Investment | 675 | 1,066 | 309 | 675 | 309 | 1,066 |
Related Allowance | 0 | 0 | 0 | 0 | 0 | 0 |
Average Recorded Investment | 669 | 640 | 254 | 801 | 227 | 392 |
Real Estate Construction And Development [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Unpaid Contractual Principal Balance | 3,241 | 8,987 | 9,656 | 3,241 | 9,656 | 8,987 |
Recorded Investment With No Allowance | 340 | 1,469 | 1,857 | 340 | 1,857 | 1,469 |
Recorded Investment With Allowance | 1,340 | 0 | 0 | 1,340 | 0 | 0 |
Total Recorded Investment | 1,680 | 1,469 | 1,857 | 1,680 | 1,857 | 1,469 |
Related Allowance | 142 | 0 | 0 | 142 | 0 | 0 |
Average Recorded Investment | 1,905 | 1,369 | 1,485 | 1,759 | 1,469 | 1,429 |
Commercial And Farmland [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Unpaid Contractual Principal Balance | 16,678 | 14,999 | 17,043 | 16,678 | 17,043 | 14,999 |
Recorded Investment With No Allowance | 2,075 | 11,134 | 13,691 | 2,075 | 13,691 | 11,134 |
Recorded Investment With Allowance | 10,908 | 0 | 0 | 10,908 | 0 | 0 |
Total Recorded Investment | 12,983 | 11,134 | 13,691 | 12,983 | 13,691 | 11,134 |
Related Allowance | 492 | 0 | 0 | 492 | 0 | 0 |
Average Recorded Investment | 15,078 | 9,966 | 11,753 | 13,764 | 11,366 | 10,806 |
Residential Real Estate [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Unpaid Contractual Principal Balance | 11,891 | 14,946 | 12,992 | 11,891 | 12,992 | 14,946 |
Recorded Investment With No Allowance | 7,269 | 8,957 | 8,285 | 7,269 | 8,285 | 8,957 |
Recorded Investment With Allowance | 2,170 | 0 | 0 | 2,170 | 0 | 0 |
Total Recorded Investment | 9,439 | 8,957 | 8,285 | 9,439 | 8,285 | 8,957 |
Related Allowance | 223 | 0 | 0 | 223 | 0 | 0 |
Average Recorded Investment | 8,880 | 8,591 | 7,982 | 8,906 | 7,718 | 8,067 |
Consumer installment [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Unpaid Contractual Principal Balance | 56 | 94 | 111 | 56 | 111 | 94 |
Recorded Investment With No Allowance | 43 | 77 | 94 | 43 | 94 | 77 |
Recorded Investment With Allowance | 0 | 0 | 0 | 0 | 0 | 0 |
Total Recorded Investment | 43 | 77 | 94 | 43 | 94 | 77 |
Related Allowance | 0 | 0 | 0 | 0 | 0 | 0 |
Average Recorded Investment | $ 68 | $ 67 | $ 61 | $ 71 | $ 64 | $ 65 |
LOANS (Details 11)
LOANS (Details 11) - Impaired Covered Loans [Member] - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||
Jun. 30, 2016 | Dec. 31, 2015 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | Dec. 31, 2015 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Nonaccrual loans | $ 10,969 | $ 13,238 | $ 28,871 | $ 10,969 | $ 28,871 | $ 13,238 |
Troubled debt restructurings not included above | 11,589 | 13,283 | 17,500 | 11,589 | 17,500 | 13,283 |
Total impaired loans | 22,558 | 26,521 | 46,371 | 22,558 | 46,371 | 26,521 |
Interest income recognized on impaired loans | 154 | 154 | 219 | 339 | 431 | 886 |
Foregone interest income on impaired loans | $ 148 | $ 181 | $ 409 | $ 318 | $ 947 | $ 1,596 |
LOANS (Details 12)
LOANS (Details 12) - Covered Loans [Member] - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||
Jun. 30, 2016 | Dec. 31, 2015 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | Dec. 31, 2015 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Unpaid Contractual Principal Balance | $ 32,648 | $ 56,705 | $ 99,932 | $ 32,648 | $ 99,932 | $ 56,705 |
Recorded Investment With No Allowance | 8,321 | 26,521 | 46,371 | 8,321 | 46,371 | 26,521 |
Recorded Investment With Allowance | 14,237 | 0 | 0 | 14,237 | 0 | 0 |
Total Recorded Investment | 22,558 | 26,521 | 46,371 | 22,558 | 46,371 | 26,521 |
Related Allowance | 530 | 0 | 0 | 530 | 0 | 0 |
Average Recorded Investment | 24,099 | 38,091 | 55,179 | 24,906 | 56,129 | 48,914 |
Commercial, financial & agricultural [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Unpaid Contractual Principal Balance | 314 | 5,188 | 14,260 | 314 | 14,260 | 5,188 |
Recorded Investment With No Allowance | 127 | 2,802 | 7,951 | 127 | 7,951 | 2,802 |
Recorded Investment With Allowance | 0 | 0 | 0 | 0 | 0 | 0 |
Total Recorded Investment | 127 | 2,802 | 7,951 | 127 | 7,951 | 2,802 |
Related Allowance | 0 | 0 | 0 | 0 | 0 | 0 |
Average Recorded Investment | 1,463 | 5,360 | 8,869 | 1,909 | 8,773 | 7,408 |
Real Estate - construction & development [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Unpaid Contractual Principal Balance | 6,841 | 15,119 | 29,895 | 6,841 | 29,895 | 15,119 |
Recorded Investment With No Allowance | 1,198 | 2,480 | 5,953 | 1,198 | 5,953 | 2,480 |
Recorded Investment With Allowance | 1,210 | 0 | 0 | 1,210 | 0 | 0 |
Total Recorded Investment | 2,408 | 2,480 | 5,953 | 2,408 | 5,953 | 2,480 |
Related Allowance | 81 | 0 | 0 | 81 | 0 | 0 |
Average Recorded Investment | 2,368 | 4,130 | 7,819 | 2,405 | 8,757 | 6,906 |
Real Estate - Commercial & Farmland [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Unpaid Contractual Principal Balance | 10,556 | 20,508 | 37,426 | 10,556 | 37,426 | 20,508 |
Recorded Investment With No Allowance | 2,127 | 7,001 | 17,970 | 2,127 | 17,970 | 7,001 |
Recorded Investment With Allowance | 4,303 | 0 | 0 | 4,303 | 0 | 0 |
Total Recorded Investment | 6,430 | 7,001 | 17,970 | 6,430 | 17,970 | 7,001 |
Related Allowance | 198 | 0 | 0 | 198 | 0 | 0 |
Average Recorded Investment | 6,503 | 14,133 | 21,795 | 6,669 | 21,418 | 18,504 |
Residential Real Estate [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Unpaid Contractual Principal Balance | 14,890 | 15,830 | 18,226 | 14,890 | 18,226 | 15,830 |
Recorded Investment With No Allowance | 4,830 | 14,192 | 14,402 | 4,830 | 14,402 | 14,192 |
Recorded Investment With Allowance | 8,724 | 0 | 0 | 8,724 | 0 | 0 |
Total Recorded Investment | 13,554 | 14,192 | 14,402 | 13,554 | 14,402 | 14,192 |
Related Allowance | 251 | 0 | 0 | 251 | 0 | 0 |
Average Recorded Investment | 13,724 | 14,399 | 16,600 | 13,880 | 17,084 | 16,010 |
Consumer Installment [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Unpaid Contractual Principal Balance | 47 | 60 | 125 | 47 | 125 | 60 |
Recorded Investment With No Allowance | 39 | 46 | 95 | 39 | 95 | 46 |
Recorded Investment With Allowance | 0 | 0 | 0 | 0 | 0 | 0 |
Total Recorded Investment | 39 | 46 | 95 | 39 | 95 | 46 |
Related Allowance | 0 | 0 | 0 | 0 | 0 | 0 |
Average Recorded Investment | $ 41 | $ 69 | $ 99 | $ 43 | $ 97 | $ 86 |
LOANS (Details 13)
LOANS (Details 13) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 | Jun. 30, 2015 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | $ 2,819,071 | $ 2,406,877 | $ 2,171,600 |
Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 2,819,071 | 2,406,877 | 2,171,600 |
Commercial, financial & agricultural [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 564,343 | 449,623 | 373,202 |
Real Estate - construction & development [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 274,717 | 244,693 | 205,019 |
Real Estate - Commercial & Farmland [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 1,248,580 | 1,104,991 | 1,010,195 |
Real estate - residential [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 680,233 | 570,430 | 537,201 |
Consumer installment [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 33,245 | 31,125 | 30,080 |
Other [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 17,953 | 6,015 | 15,903 |
10 [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 349,725 | 250,609 | 181,933 |
10 [Member] | Commercial, financial & agricultural [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 339,903 | 241,721 | 173,795 |
10 [Member] | Real Estate - construction & development [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 294 | 268 |
10 [Member] | Real Estate - Commercial & Farmland [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 2,313 | 116 | 150 |
10 [Member] | Real estate - residential [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 99 | 1,606 | 1,606 |
10 [Member] | Consumer installment [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 7,410 | 6,872 | 6,114 |
10 [Member] | Other [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
15 [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 191,574 | 227,730 | 243,070 |
15 [Member] | Commercial, financial & agricultural [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 22,049 | 28,420 | 25,447 |
15 [Member] | Real Estate - construction & development [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 3,741 | 2,074 | 3,402 |
15 [Member] | Real Estate - Commercial & Farmland [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 106,801 | 117,880 | 127,090 |
15 [Member] | Real estate - residential [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 58,283 | 78,165 | 85,812 |
15 [Member] | Consumer installment [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 700 | 1,191 | 1,319 |
15 [Member] | Other [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
20 [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 1,493,561 | 1,224,320 | 1,104,747 |
20 [Member] | Commercial, financial & agricultural [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 100,406 | 97,142 | 96,169 |
20 [Member] | Real Estate - construction & development [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 46,224 | 46,221 | 47,207 |
20 [Member] | Real Estate - Commercial & Farmland [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 804,685 | 685,538 | 592,636 |
20 [Member] | Real estate - residential [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 501,795 | 369,624 | 334,999 |
20 [Member] | Consumer installment [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 22,498 | 19,780 | 17,833 |
20 [Member] | Other [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 17,953 | 6,015 | 15,903 |
23 [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 23,665 | 27,607 | 27,400 |
23 [Member] | Commercial, financial & agricultural [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 484 | 559 | 635 |
23 [Member] | Real Estate - construction & development [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 7,245 | 7,827 | 8,071 |
23 [Member] | Real Estate - Commercial & Farmland [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 9,084 | 13,073 | 11,984 |
23 [Member] | Real estate - residential [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 6,664 | 6,112 | 6,655 |
23 [Member] | Consumer installment [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 188 | 36 | 55 |
23 [Member] | Other [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
25 [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 687,817 | 609,413 | 544,664 |
25 [Member] | Commercial, financial & agricultural [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 94,022 | 77,829 | 69,304 |
25 [Member] | Real Estate - construction & development [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 211,322 | 183,512 | 140,119 |
25 [Member] | Real Estate - Commercial & Farmland [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 290,528 | 254,012 | 248,227 |
25 [Member] | Real estate - residential [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 90,191 | 91,465 | 83,207 |
25 [Member] | Consumer installment [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 1,754 | 2,595 | 3,807 |
25 [Member] | Other [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
30 [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 32,468 | 24,423 | 25,020 |
30 [Member] | Commercial, financial & agricultural [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 2,545 | 1,492 | 2,566 |
30 [Member] | Real Estate - construction & development [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 3,297 | 1,620 | 2,510 |
30 [Member] | Real Estate - Commercial & Farmland [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 20,775 | 13,821 | 11,088 |
30 [Member] | Real estate - residential [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 5,689 | 7,347 | 8,612 |
30 [Member] | Consumer installment [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 162 | 143 | 244 |
30 [Member] | Other [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
40 [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 40,261 | 42,773 | 44,766 |
40 [Member] | Commercial, financial & agricultural [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 4,934 | 2,460 | 5,286 |
40 [Member] | Real Estate - construction & development [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 2,888 | 3,145 | 3,442 |
40 [Member] | Real Estate - Commercial & Farmland [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 14,394 | 20,551 | 19,020 |
40 [Member] | Real estate - residential [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 17,512 | 16,111 | 16,310 |
40 [Member] | Consumer installment [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 533 | 506 | 708 |
40 [Member] | Other [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
50 [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
50 [Member] | Commercial, financial & agricultural [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
50 [Member] | Real Estate - construction & development [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
50 [Member] | Real Estate - Commercial & Farmland [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
50 [Member] | Real estate - residential [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
50 [Member] | Consumer installment [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
50 [Member] | Other [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
60 [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 2 | 0 |
60 [Member] | Commercial, financial & agricultural [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
60 [Member] | Real Estate - construction & development [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
60 [Member] | Real Estate - Commercial & Farmland [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
60 [Member] | Real estate - residential [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
60 [Member] | Consumer installment [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 2 | 0 |
60 [Member] | Other [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | $ 0 | $ 0 | $ 0 |
LOANS (Details 14)
LOANS (Details 14) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 | Jun. 30, 2015 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | $ 2,819,071 | $ 2,406,877 | $ 2,171,600 |
Purchased Non Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 1,072,217 | 771,554 | 808,313 |
Purchased Non Covered Loans [Member] | 10 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 6,899 | 9,602 | 10,123 |
Purchased Non Covered Loans [Member] | 15 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 45,245 | 51,168 | 53,220 |
Purchased Non Covered Loans [Member] | 20 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 345,480 | 336,990 | 362,304 |
Purchased Non Covered Loans [Member] | 23 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 27,387 | 12,029 | 10,537 |
Purchased Non Covered Loans [Member] | 25 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 557,221 | 294,829 | 300,411 |
Purchased Non Covered Loans [Member] | 30 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 52,536 | 30,693 | 34,779 |
Purchased Non Covered Loans [Member] | 40 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 37,417 | 36,211 | 36,887 |
Purchased Non Covered Loans [Member] | 50 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 30 | 30 | 52 |
Purchased Non Covered Loans [Member] | 60 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 2 | 2 | 0 |
Purchased Non Covered Loans [Member] | Commercial Financial And Agricultural [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 101,803 | 45,462 | 45,337 |
Purchased Non Covered Loans [Member] | Commercial Financial And Agricultural [Member] | 10 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 5,818 | 8,592 | 9,091 |
Purchased Non Covered Loans [Member] | Commercial Financial And Agricultural [Member] | 15 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 1,085 | 1,186 | 1,377 |
Purchased Non Covered Loans [Member] | Commercial Financial And Agricultural [Member] | 20 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 16,503 | 10,057 | 12,545 |
Purchased Non Covered Loans [Member] | Commercial Financial And Agricultural [Member] | 23 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Purchased Non Covered Loans [Member] | Commercial Financial And Agricultural [Member] | 25 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 71,603 | 17,565 | 18,556 |
Purchased Non Covered Loans [Member] | Commercial Financial And Agricultural [Member] | 30 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 4,779 | 6,657 | 2,462 |
Purchased Non Covered Loans [Member] | Commercial Financial And Agricultural [Member] | 40 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 1,983 | 1,373 | 1,276 |
Purchased Non Covered Loans [Member] | Commercial Financial And Agricultural [Member] | 50 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 30 | 30 | 30 |
Purchased Non Covered Loans [Member] | Commercial Financial And Agricultural [Member] | 60 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 2 | 2 | 0 |
Purchased Non Covered Loans [Member] | Real Estate Construction And Development [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 89,096 | 72,080 | 75,302 |
Purchased Non Covered Loans [Member] | Real Estate Construction And Development [Member] | 10 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Purchased Non Covered Loans [Member] | Real Estate Construction And Development [Member] | 15 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 1,143 | 866 |
Purchased Non Covered Loans [Member] | Real Estate Construction And Development [Member] | 20 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 10,427 | 13,678 | 16,979 |
Purchased Non Covered Loans [Member] | Real Estate Construction And Development [Member] | 23 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 4,072 | 438 | 240 |
Purchased Non Covered Loans [Member] | Real Estate Construction And Development [Member] | 25 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 64,200 | 47,517 | 49,070 |
Purchased Non Covered Loans [Member] | Real Estate Construction And Development [Member] | 30 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 7,910 | 4,185 | 3,409 |
Purchased Non Covered Loans [Member] | Real Estate Construction And Development [Member] | 40 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 2,487 | 5,119 | 4,738 |
Purchased Non Covered Loans [Member] | Real Estate Construction And Development [Member] | 50 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Purchased Non Covered Loans [Member] | Real Estate Construction And Development [Member] | 60 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Purchased Non Covered Loans [Member] | Commercial And Farmland [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 574,830 | 390,755 | 404,588 |
Purchased Non Covered Loans [Member] | Commercial And Farmland [Member] | 10 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 80 |
Purchased Non Covered Loans [Member] | Commercial And Farmland [Member] | 15 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 8,637 | 10,490 | 8,710 |
Purchased Non Covered Loans [Member] | Commercial And Farmland [Member] | 20 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 202,853 | 183,219 | 190,219 |
Purchased Non Covered Loans [Member] | Commercial And Farmland [Member] | 23 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 10,627 | 5,177 | 3,792 |
Purchased Non Covered Loans [Member] | Commercial And Farmland [Member] | 25 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 305,654 | 162,253 | 165,267 |
Purchased Non Covered Loans [Member] | Commercial And Farmland [Member] | 30 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 28,761 | 14,297 | 19,042 |
Purchased Non Covered Loans [Member] | Commercial And Farmland [Member] | 40 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 18,298 | 15,319 | 17,478 |
Purchased Non Covered Loans [Member] | Commercial And Farmland [Member] | 50 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Purchased Non Covered Loans [Member] | Commercial And Farmland [Member] | 60 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Purchased Non Covered Loans [Member] | Residential Real Estate [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 300,898 | 258,153 | 276,798 |
Purchased Non Covered Loans [Member] | Residential Real Estate [Member] | 10 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Purchased Non Covered Loans [Member] | Residential Real Estate [Member] | 15 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 34,848 | 37,808 | 41,641 |
Purchased Non Covered Loans [Member] | Residential Real Estate [Member] | 20 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 113,691 | 128,005 | 139,792 |
Purchased Non Covered Loans [Member] | Residential Real Estate [Member] | 23 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 12,688 | 6,414 | 6,505 |
Purchased Non Covered Loans [Member] | Residential Real Estate [Member] | 25 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 114,097 | 66,166 | 65,818 |
Purchased Non Covered Loans [Member] | Residential Real Estate [Member] | 30 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 11,054 | 5,503 | 9,803 |
Purchased Non Covered Loans [Member] | Residential Real Estate [Member] | 40 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 14,520 | 14,257 | 13,217 |
Purchased Non Covered Loans [Member] | Residential Real Estate [Member] | 50 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 22 |
Purchased Non Covered Loans [Member] | Residential Real Estate [Member] | 60 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Purchased Non Covered Loans [Member] | Consumer installment [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 5,590 | 5,104 | 6,288 |
Purchased Non Covered Loans [Member] | Consumer installment [Member] | 10 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 1,081 | 1,010 | 952 |
Purchased Non Covered Loans [Member] | Consumer installment [Member] | 15 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 675 | 541 | 626 |
Purchased Non Covered Loans [Member] | Consumer installment [Member] | 20 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 2,006 | 2,031 | 2,769 |
Purchased Non Covered Loans [Member] | Consumer installment [Member] | 23 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Purchased Non Covered Loans [Member] | Consumer installment [Member] | 25 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 1,667 | 1,328 | 1,700 |
Purchased Non Covered Loans [Member] | Consumer installment [Member] | 30 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 32 | 51 | 63 |
Purchased Non Covered Loans [Member] | Consumer installment [Member] | 40 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 129 | 143 | 178 |
Purchased Non Covered Loans [Member] | Consumer installment [Member] | 50 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Purchased Non Covered Loans [Member] | Consumer installment [Member] | 60 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Purchased Non Covered Loans [Member] | Other [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Purchased Non Covered Loans [Member] | Other [Member] | 10 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Purchased Non Covered Loans [Member] | Other [Member] | 15 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Purchased Non Covered Loans [Member] | Other [Member] | 20 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Purchased Non Covered Loans [Member] | Other [Member] | 23 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Purchased Non Covered Loans [Member] | Other [Member] | 25 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Purchased Non Covered Loans [Member] | Other [Member] | 30 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Purchased Non Covered Loans [Member] | Other [Member] | 40 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Purchased Non Covered Loans [Member] | Other [Member] | 50 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Purchased Non Covered Loans [Member] | Other [Member] | 60 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | $ 0 | $ 0 | $ 0 |
LOANS (Details 15)
LOANS (Details 15) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 | Jun. 30, 2015 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | $ 2,819,071 | $ 2,406,877 | $ 2,171,600 |
Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 121,418 | 137,529 | 209,598 |
Covered Loans [Member] | 10 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Covered Loans [Member] | 15 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 613 |
Covered Loans [Member] | 20 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 19,144 | 22,631 | 31,794 |
Covered Loans [Member] | 23 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 6,430 | 8,732 | 11,406 |
Covered Loans [Member] | 25 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 63,268 | 69,598 | 103,820 |
Covered Loans [Member] | 30 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 8,691 | 8,242 | 17,227 |
Covered Loans [Member] | 40 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 23,885 | 28,326 | 44,738 |
Covered Loans [Member] | 50 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Covered Loans [Member] | 60 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Covered Loans [Member] | Commercial Financial And Agricultural [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 1,604 | 5,546 | 17,666 |
Covered Loans [Member] | Commercial Financial And Agricultural [Member] | 10 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Covered Loans [Member] | Commercial Financial And Agricultural [Member] | 15 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Covered Loans [Member] | Commercial Financial And Agricultural [Member] | 20 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 32 | 93 | 580 |
Covered Loans [Member] | Commercial Financial And Agricultural [Member] | 23 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 24 | 52 | 68 |
Covered Loans [Member] | Commercial Financial And Agricultural [Member] | 25 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 1,417 | 2,594 | 4,089 |
Covered Loans [Member] | Commercial Financial And Agricultural [Member] | 30 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 3 | 5 | 4,923 |
Covered Loans [Member] | Commercial Financial And Agricultural [Member] | 40 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 128 | 2,802 | 8,006 |
Covered Loans [Member] | Commercial Financial And Agricultural [Member] | 50 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Covered Loans [Member] | Commercial Financial And Agricultural [Member] | 60 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Covered Loans [Member] | Real Estate Construction And Development [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 7,168 | 7,612 | 15,002 |
Covered Loans [Member] | Real Estate Construction And Development [Member] | 10 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Covered Loans [Member] | Real Estate Construction And Development [Member] | 15 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Covered Loans [Member] | Real Estate Construction And Development [Member] | 20 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 738 | 800 | 1,218 |
Covered Loans [Member] | Real Estate Construction And Development [Member] | 23 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Covered Loans [Member] | Real Estate Construction And Development [Member] | 25 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 4,436 | 3,907 | 8,142 |
Covered Loans [Member] | Real Estate Construction And Development [Member] | 30 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 418 | 828 | 2,409 |
Covered Loans [Member] | Real Estate Construction And Development [Member] | 40 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 1,576 | 2,077 | 3,233 |
Covered Loans [Member] | Real Estate Construction And Development [Member] | 50 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Covered Loans [Member] | Real Estate Construction And Development [Member] | 60 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Covered Loans [Member] | Real estate - commercial & farmland [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 65,091 | 71,226 | 111,772 |
Covered Loans [Member] | Real estate - commercial & farmland [Member] | 10 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Covered Loans [Member] | Real estate - commercial & farmland [Member] | 15 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 488 |
Covered Loans [Member] | Real estate - commercial & farmland [Member] | 20 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 10,278 | 11,698 | 17,382 |
Covered Loans [Member] | Real estate - commercial & farmland [Member] | 23 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 1,769 | 2,957 | 5,255 |
Covered Loans [Member] | Real estate - commercial & farmland [Member] | 25 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 35,031 | 38,741 | 60,682 |
Covered Loans [Member] | Real estate - commercial & farmland [Member] | 30 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 4,659 | 2,857 | 4,165 |
Covered Loans [Member] | Real estate - commercial & farmland [Member] | 40 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 13,354 | 14,973 | 23,800 |
Covered Loans [Member] | Real estate - commercial & farmland [Member] | 50 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Covered Loans [Member] | Real estate - commercial & farmland [Member] | 60 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Covered Loans [Member] | Real estate - residential [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 47,455 | 53,038 | 64,982 |
Covered Loans [Member] | Real estate - residential [Member] | 10 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Covered Loans [Member] | Real estate - residential [Member] | 15 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 125 |
Covered Loans [Member] | Real estate - residential [Member] | 20 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 8,096 | 10,040 | 12,571 |
Covered Loans [Member] | Real estate - residential [Member] | 23 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 4,637 | 5,723 | 6,083 |
Covered Loans [Member] | Real estate - residential [Member] | 25 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 22,371 | 24,345 | 30,870 |
Covered Loans [Member] | Real estate - residential [Member] | 30 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 3,564 | 4,552 | 5,730 |
Covered Loans [Member] | Real estate - residential [Member] | 40 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 8,787 | 8,378 | 9,603 |
Covered Loans [Member] | Real estate - residential [Member] | 50 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Covered Loans [Member] | Real estate - residential [Member] | 60 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Covered Loans [Member] | Consumer installment [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 100 | 107 | 176 |
Covered Loans [Member] | Consumer installment [Member] | 10 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Covered Loans [Member] | Consumer installment [Member] | 15 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Covered Loans [Member] | Consumer installment [Member] | 20 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 43 |
Covered Loans [Member] | Consumer installment [Member] | 23 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Covered Loans [Member] | Consumer installment [Member] | 25 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 13 | 11 | 37 |
Covered Loans [Member] | Consumer installment [Member] | 30 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 47 | 0 | 0 |
Covered Loans [Member] | Consumer installment [Member] | 40 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 40 | 96 | 96 |
Covered Loans [Member] | Consumer installment [Member] | 50 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Covered Loans [Member] | Consumer installment [Member] | 60 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Covered Loans [Member] | Other [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Covered Loans [Member] | Other [Member] | 10 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Covered Loans [Member] | Other [Member] | 15 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Covered Loans [Member] | Other [Member] | 20 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Covered Loans [Member] | Other [Member] | 23 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Covered Loans [Member] | Other [Member] | 25 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Covered Loans [Member] | Other [Member] | 30 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Covered Loans [Member] | Other [Member] | 40 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Covered Loans [Member] | Other [Member] | 50 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Covered Loans [Member] | Other [Member] | 60 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | $ 0 | $ 0 | $ 0 |
LOANS (Details 16)
LOANS (Details 16) $ in Thousands | Jun. 30, 2016USD ($)Contract | Dec. 31, 2015USD ($) | Jun. 30, 2015USD ($)Contract |
Non Covered Loan [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 3 | 6 | |
Troubled debt restructuring loans | $ | $ 668 | $ 1,022 | |
Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 19 | 25 | |
Troubled debt restructuring loans | $ | $ 14,795 | $ 14,418 | $ 12,467 |
Purchased Non Covered Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 3 | 15 | |
Troubled debt restructuring loans | $ | $ 562 | $ 1,212 | |
Commercial, financial & agricultural [Member] | Non Covered Loan [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 0 | 0 | |
Troubled debt restructuring loans | $ | $ 0 | $ 0 | |
Commercial, financial & agricultural [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 2 | 3 | |
Troubled debt restructuring loans | $ | $ 28 | $ 18 | |
Commercial, financial & agricultural [Member] | Purchased Non Covered Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 1 | 1 | |
Troubled debt restructuring loans | $ | $ 76 | $ 1 | |
Real Estate - construction & development [Member] | Non Covered Loan [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 0 | 0 | |
Troubled debt restructuring loans | $ | $ 0 | $ 0 | |
Real Estate - construction & development [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 1 | 2 | |
Troubled debt restructuring loans | $ | $ 6 | $ 16 | |
Real Estate - construction & development [Member] | Purchased Non Covered Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 0 | 2 | |
Troubled debt restructuring loans | $ | $ 0 | $ 34 | |
Real estate - commercial & farmland [Member] | Non Covered Loan [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 1 | 0 | |
Troubled debt restructuring loans | $ | $ 28 | $ 0 | |
Real estate - commercial & farmland [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 4 | 0 | |
Troubled debt restructuring loans | $ | $ 1,666 | $ 0 | |
Real estate - commercial & farmland [Member] | Purchased Non Covered Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 1 | 4 | |
Troubled debt restructuring loans | $ | $ 464 | $ 796 | |
Real estate - residential [Member] | Non Covered Loan [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 2 | 5 | |
Troubled debt restructuring loans | $ | $ 640 | $ 1,017 | |
Real estate - residential [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 6 | 15 | |
Troubled debt restructuring loans | $ | $ 739 | $ 729 | |
Real estate - residential [Member] | Purchased Non Covered Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 1 | 6 | |
Troubled debt restructuring loans | $ | $ 22 | $ 376 | |
Consumer installment [Member] | Non Covered Loan [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 0 | 1 | |
Troubled debt restructuring loans | $ | $ 0 | $ 5 | |
Consumer installment [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 6 | 5 | |
Troubled debt restructuring loans | $ | $ 26 | $ 19 | |
Consumer installment [Member] | Purchased Non Covered Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 0 | 2 | |
Troubled debt restructuring loans | $ | $ 0 | $ 5 |
LOANS (Details 17)
LOANS (Details 17) $ in Thousands | Jun. 30, 2016USD ($)Contract | Dec. 31, 2015USD ($) | Jun. 30, 2015USD ($)Contract |
Excluding Purchased Non-Covered and Covered Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 19 | 25 | |
Troubled debt restructuring loans | $ 14,795 | $ 14,418 | $ 12,467 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Financing Receivables, 30 Days Past Due [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 11 | 23 | |
Troubled debt restructuring loans | $ 494 | $ 2,225 | |
Covered Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Troubled debt restructuring loans | $ 15,100 | 15,500 | $ 19,600 |
Covered Loans [Member] | Financing Receivables, 30 Days Past Due [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 8 | 6 | |
Troubled debt restructuring loans | $ 995 | $ 297 | |
Purchased Non Covered Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Troubled debt restructuring loans | $ 9,053 | 9,373 | $ 6,792 |
Purchased Non Covered Loans [Member] | Financing Receivables, 30 Days Past Due [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 2 | 1 | |
Troubled debt restructuring loans | $ 402 | $ 65 | |
Commercial Financial And Agricultural [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 2 | 3 | |
Troubled debt restructuring loans | $ 28 | $ 18 | |
Commercial Financial And Agricultural [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | Financing Receivables, 30 Days Past Due [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 2 | 2 | |
Troubled debt restructuring loans | $ 7 | $ 35 | |
Commercial Financial And Agricultural [Member] | Covered Loans [Member] | Financing Receivables, 30 Days Past Due [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 2 | 0 | |
Troubled debt restructuring loans | $ 76 | $ 0 | |
Commercial Financial And Agricultural [Member] | Purchased Non Covered Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Troubled debt restructuring loans | $ 21 | $ 1 | |
Commercial Financial And Agricultural [Member] | Purchased Non Covered Loans [Member] | Financing Receivables, 30 Days Past Due [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 0 | 0 | |
Troubled debt restructuring loans | $ 0 | $ 0 | |
Real Estate Construction And Development [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 1 | 2 | |
Troubled debt restructuring loans | $ 6 | $ 16 | |
Real Estate Construction And Development [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | Financing Receivables, 30 Days Past Due [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 0 | 0 | |
Troubled debt restructuring loans | $ 0 | $ 0 | |
Real Estate Construction And Development [Member] | Covered Loans [Member] | Financing Receivables, 30 Days Past Due [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 0 | 0 | |
Troubled debt restructuring loans | $ 0 | $ 0 | |
Real Estate Construction And Development [Member] | Purchased Non Covered Loans [Member] | Financing Receivables, 30 Days Past Due [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 2 | 0 | |
Troubled debt restructuring loans | $ 402 | $ 0 | |
Commercial And Farmland [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 4 | 0 | |
Troubled debt restructuring loans | $ 1,666 | $ 0 | |
Commercial And Farmland [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | Financing Receivables, 30 Days Past Due [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 2 | 5 | |
Troubled debt restructuring loans | $ 191 | $ 1,274 | |
Commercial And Farmland [Member] | Covered Loans [Member] | Financing Receivables, 30 Days Past Due [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 0 | 1 | |
Troubled debt restructuring loans | $ 0 | $ 21 | |
Commercial And Farmland [Member] | Purchased Non Covered Loans [Member] | Financing Receivables, 30 Days Past Due [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 0 | 0 | |
Troubled debt restructuring loans | $ 0 | $ 0 | |
Residential Real Estate [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 6 | 15 | |
Troubled debt restructuring loans | $ 739 | $ 729 | |
Residential Real Estate [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | Financing Receivables, 30 Days Past Due [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 6 | 10 | |
Troubled debt restructuring loans | $ 292 | $ 884 | |
Residential Real Estate [Member] | Covered Loans [Member] | Financing Receivables, 30 Days Past Due [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 6 | 5 | |
Troubled debt restructuring loans | $ 919 | $ 276 | |
Residential Real Estate [Member] | Purchased Non Covered Loans [Member] | Financing Receivables, 30 Days Past Due [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 0 | 1 | |
Troubled debt restructuring loans | $ 0 | $ 65 | |
Consumer installment [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 6 | 5 | |
Troubled debt restructuring loans | $ 26 | $ 19 | |
Consumer installment [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | Financing Receivables, 30 Days Past Due [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 1 | 6 | |
Troubled debt restructuring loans | $ 4 | $ 32 | |
Consumer installment [Member] | Covered Loans [Member] | Financing Receivables, 30 Days Past Due [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 0 | 0 | |
Troubled debt restructuring loans | $ 0 | $ 0 | |
Consumer installment [Member] | Purchased Non Covered Loans [Member] | Financing Receivables, 30 Days Past Due [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 0 | 0 | |
Troubled debt restructuring loans | $ 0 | $ 0 |
LOANS (Details 18)
LOANS (Details 18) $ in Thousands | Jun. 30, 2016USD ($)Contract | Dec. 31, 2015USD ($)Contract | Jun. 30, 2015USD ($)Contract |
Purchased Non Covered Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Troubled debt restructuring loans | $ 9,053 | $ 9,373 | $ 6,792 |
Purchased Non Covered Loans [Member] | Non-Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 13 | 14 | 6 |
Troubled debt restructuring loans | $ 901 | $ 658 | $ 166 |
Purchased Non Covered Loans [Member] | Financing Receivables, 30 Days Past Due [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 2 | 1 | |
Troubled debt restructuring loans | $ 402 | $ 65 | |
Purchased Non Covered Loans [Member] | Financing Receivables, 30 Days Past Due [Member] | Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 30 | 31 | 24 |
Troubled debt restructuring loans | $ 9,053 | $ 9,373 | $ 6,792 |
Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 19 | 25 | |
Troubled debt restructuring loans | $ 14,795 | $ 14,418 | $ 12,467 |
Loans Excluding Purchased Non Covered And Covered Loan [Member] | Non-Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 64 | ||
Troubled debt restructuring loans | $ 2,966 | ||
Loans Excluding Purchased Non Covered And Covered Loan [Member] | Financing Receivables, 30 Days Past Due [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 11 | 23 | |
Troubled debt restructuring loans | $ 494 | $ 2,225 | |
Loans Excluding Purchased Non Covered And Covered Loan [Member] | Financing Receivables, 30 Days Past Due [Member] | Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 94 | 94 | 94 |
Troubled debt restructuring loans | $ 14,795 | $ 14,418 | $ 12,467 |
Loans Excluding Purchased Non Covered And Covered Loan [Member] | Financing Receivables, 30 Days Past Due [Member] | Non-Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 59 | 43 | |
Troubled debt restructuring loans | $ 1,986 | $ 1,549 | |
Covered Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Troubled debt restructuring loans | $ 15,100 | $ 15,500 | $ 19,600 |
Covered Loans [Member] | Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 100 | 107 | 111 |
Troubled debt restructuring loans | $ 11,589 | $ 13,283 | $ 17,500 |
Covered Loans [Member] | Non-Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 35 | 31 | 20 |
Troubled debt restructuring loans | $ 3,496 | $ 2,184 | $ 2,059 |
Covered Loans [Member] | Financing Receivables, 30 Days Past Due [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 8 | 6 | |
Troubled debt restructuring loans | $ 995 | $ 297 | |
Commercial, financial & agricultural [Member] | Purchased Non Covered Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Troubled debt restructuring loans | $ 21 | $ 1 | |
Commercial, financial & agricultural [Member] | Purchased Non Covered Loans [Member] | Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 1 | 1 | 0 |
Troubled debt restructuring loans | $ 1 | $ 2 | $ 0 |
Commercial, financial & agricultural [Member] | Purchased Non Covered Loans [Member] | Non-Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 1 | 2 | 1 |
Troubled debt restructuring loans | $ 17 | ||
Commercial, financial & agricultural [Member] | Purchased Non Covered Loans [Member] | Financing Receivables, 30 Days Past Due [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 0 | 0 | |
Troubled debt restructuring loans | $ 0 | $ 0 | |
Commercial, financial & agricultural [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 2 | 3 | |
Troubled debt restructuring loans | $ 28 | $ 18 | |
Commercial, financial & agricultural [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | Financing Receivables, 30 Days Past Due [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 2 | 2 | |
Troubled debt restructuring loans | $ 7 | $ 35 | |
Commercial, financial & agricultural [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | Financing Receivables, 30 Days Past Due [Member] | Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 5 | 4 | 6 |
Troubled debt restructuring loans | $ 275 | $ 240 | $ 278 |
Commercial, financial & agricultural [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | Financing Receivables, 30 Days Past Due [Member] | Non-Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 11 | 10 | 5 |
Troubled debt restructuring loans | $ 86 | $ 110 | $ 29 |
Commercial, financial & agricultural [Member] | Covered Loans [Member] | Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 0 | 0 | 1 |
Troubled debt restructuring loans | $ 0 | $ 0 | $ 3 |
Commercial, financial & agricultural [Member] | Covered Loans [Member] | Non-Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 3 | 2 | 2 |
Troubled debt restructuring loans | $ 76 | $ 1 | $ 0 |
Commercial, financial & agricultural [Member] | Covered Loans [Member] | Financing Receivables, 30 Days Past Due [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 2 | 0 | |
Troubled debt restructuring loans | $ 76 | $ 0 | |
Real Estate - construction & development [Member] | Purchased Non Covered Loans [Member] | Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 2 | 1 | 3 |
Troubled debt restructuring loans | $ 521 | $ 363 | $ 374 |
Real Estate - construction & development [Member] | Purchased Non Covered Loans [Member] | Non-Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 3 | 3 | 0 |
Troubled debt restructuring loans | $ 36 | $ 42 | $ 0 |
Real Estate - construction & development [Member] | Purchased Non Covered Loans [Member] | Financing Receivables, 30 Days Past Due [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 2 | 0 | |
Troubled debt restructuring loans | $ 402 | $ 0 | |
Real Estate - construction & development [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 1 | 2 | |
Troubled debt restructuring loans | $ 6 | $ 16 | |
Real Estate - construction & development [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | Financing Receivables, 30 Days Past Due [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 0 | 0 | |
Troubled debt restructuring loans | $ 0 | $ 0 | |
Real Estate - construction & development [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | Financing Receivables, 30 Days Past Due [Member] | Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 9 | 11 | 11 |
Troubled debt restructuring loans | $ 468 | $ 792 | $ 821 |
Real Estate - construction & development [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | Financing Receivables, 30 Days Past Due [Member] | Non-Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 3 | 3 | 3 |
Troubled debt restructuring loans | $ 36 | $ 63 | $ 57 |
Real Estate - construction & development [Member] | Covered Loans [Member] | Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 4 | 4 | 3 |
Troubled debt restructuring loans | $ 808 | $ 779 | $ 2,832 |
Real Estate - construction & development [Member] | Covered Loans [Member] | Non-Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 0 | 0 | 1 |
Troubled debt restructuring loans | $ 0 | $ 0 | $ 13 |
Real Estate - construction & development [Member] | Covered Loans [Member] | Financing Receivables, 30 Days Past Due [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 0 | 0 | |
Troubled debt restructuring loans | $ 0 | $ 0 | |
Real estate - commercial & farmland [Member] | Purchased Non Covered Loans [Member] | Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 12 | 14 | 7 |
Troubled debt restructuring loans | $ 5,918 | $ 6,214 | $ 4,058 |
Real estate - commercial & farmland [Member] | Purchased Non Covered Loans [Member] | Non-Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 3 | 3 | 1 |
Troubled debt restructuring loans | $ 398 | $ 412 | $ 69 |
Real estate - commercial & farmland [Member] | Purchased Non Covered Loans [Member] | Financing Receivables, 30 Days Past Due [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 0 | 0 | |
Troubled debt restructuring loans | $ 0 | $ 0 | |
Real estate - commercial & farmland [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 4 | 0 | |
Troubled debt restructuring loans | $ 1,666 | $ 0 | |
Real estate - commercial & farmland [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | Financing Receivables, 30 Days Past Due [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 2 | 5 | |
Troubled debt restructuring loans | $ 191 | $ 1,274 | |
Real estate - commercial & farmland [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | Financing Receivables, 30 Days Past Due [Member] | Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 19 | 16 | 17 |
Troubled debt restructuring loans | $ 5,802 | $ 5,766 | $ 6,617 |
Real estate - commercial & farmland [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | Financing Receivables, 30 Days Past Due [Member] | Non-Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 3 | 3 | 3 |
Troubled debt restructuring loans | $ 1,832 | $ 596 | $ 598 |
Real estate - commercial & farmland [Member] | Covered Loans [Member] | Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 3 | 4 | 11 |
Troubled debt restructuring loans | $ 1,319 | $ 1,967 | $ 3,973 |
Real estate - commercial & farmland [Member] | Covered Loans [Member] | Non-Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 5 | 3 | 3 |
Troubled debt restructuring loans | $ 2,078 | $ 1,067 | $ 1,105 |
Real estate - commercial & farmland [Member] | Covered Loans [Member] | Financing Receivables, 30 Days Past Due [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 0 | 1 | |
Troubled debt restructuring loans | $ 0 | $ 21 | |
Real Estate - Residential [Member] | Purchased Non Covered Loans [Member] | Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 14 | 13 | 12 |
Troubled debt restructuring loans | $ 2,609 | $ 2,789 | $ 2,354 |
Real Estate - Residential [Member] | Purchased Non Covered Loans [Member] | Non-Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 4 | 4 | 2 |
Troubled debt restructuring loans | $ 448 | $ 180 | $ 91 |
Real Estate - Residential [Member] | Purchased Non Covered Loans [Member] | Financing Receivables, 30 Days Past Due [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 0 | 1 | |
Troubled debt restructuring loans | $ 0 | $ 65 | |
Real Estate - Residential [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 6 | 15 | |
Troubled debt restructuring loans | $ 739 | $ 729 | |
Real Estate - Residential [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | Financing Receivables, 30 Days Past Due [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 6 | 10 | |
Troubled debt restructuring loans | $ 292 | $ 884 | |
Real Estate - Residential [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | Financing Receivables, 30 Days Past Due [Member] | Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 54 | 51 | 49 |
Troubled debt restructuring loans | $ 8,226 | $ 7,574 | $ 4,702 |
Real Estate - Residential [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | Financing Receivables, 30 Days Past Due [Member] | Non-Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 20 | 20 | 15 |
Troubled debt restructuring loans | $ 899 | $ 1,123 | $ 783 |
Real Estate - Residential [Member] | Covered Loans [Member] | Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 92 | 97 | 95 |
Troubled debt restructuring loans | $ 9,455 | $ 10,529 | $ 10,690 |
Real Estate - Residential [Member] | Covered Loans [Member] | Non-Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 27 | 26 | 14 |
Troubled debt restructuring loans | $ 1,342 | $ 1,116 | $ 941 |
Real Estate - Residential [Member] | Covered Loans [Member] | Financing Receivables, 30 Days Past Due [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 6 | 5 | |
Troubled debt restructuring loans | $ 919 | $ 276 | |
Consumer installment [Member] | Purchased Non Covered Loans [Member] | Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 1 | 2 | 2 |
Troubled debt restructuring loans | $ 4 | $ 5 | $ 6 |
Consumer installment [Member] | Purchased Non Covered Loans [Member] | Non-Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 2 | 2 | 2 |
Troubled debt restructuring loans | $ 2 | $ 3 | $ 5 |
Consumer installment [Member] | Purchased Non Covered Loans [Member] | Financing Receivables, 30 Days Past Due [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 0 | 0 | |
Troubled debt restructuring loans | $ 0 | $ 0 | |
Consumer installment [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 6 | 5 | |
Troubled debt restructuring loans | $ 26 | $ 19 | |
Consumer installment [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | Financing Receivables, 30 Days Past Due [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 1 | 6 | |
Troubled debt restructuring loans | $ 4 | $ 32 | |
Consumer installment [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | Financing Receivables, 30 Days Past Due [Member] | Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 7 | 12 | 11 |
Troubled debt restructuring loans | $ 24 | $ 46 | $ 49 |
Consumer installment [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | Financing Receivables, 30 Days Past Due [Member] | Non-Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 27 | 23 | 17 |
Troubled debt restructuring loans | $ 113 | $ 94 | $ 82 |
Consumer installment [Member] | Covered Loans [Member] | Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 1 | 2 | 1 |
Troubled debt restructuring loans | $ 7 | $ 8 | $ 2 |
Consumer installment [Member] | Covered Loans [Member] | Non-Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 0 | 0 | 0 |
Troubled debt restructuring loans | $ 0 | $ 0 | $ 0 |
Consumer installment [Member] | Covered Loans [Member] | Financing Receivables, 30 Days Past Due [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 0 | 0 | |
Troubled debt restructuring loans | $ 0 | $ 0 |
LOANS (Details 19)
LOANS (Details 19) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||||||||
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | Dec. 31, 2015 | Jun. 30, 2016 | Dec. 31, 2015 | Jun. 30, 2015 | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||||||||
Balance, Allowance | $ 21,482 | $ 21,852 | $ 21,062 | $ 21,157 | $ 21,157 | ||||||
Provision for loan losses | 889 | 2,656 | 1,570 | 3,725 | 5,264 | ||||||
Loans charged off | (1,376) | (3,542) | (3,190) | (5,190) | (9,133) | ||||||
Recoveries of loans previously charged off | 739 | 692 | 2,292 | 1,966 | 3,774 | ||||||
Balance, Allowance | 21,734 | 21,658 | 21,734 | 21,658 | 21,062 | ||||||
Loans individually evaluated for impairment, Allowance | $ 5,550 | [1] | $ 4,131 | [2] | $ 3,892 | [3] | |||||
Loans collectively evaluated for impairment, Allowance | 16,184 | 16,931 | 17,766 | ||||||||
Balance, Allowance | 21,482 | 21,852 | 21,734 | 21,157 | 21,157 | 21,734 | 21,062 | 21,658 | |||
Individually evaluated for impairment, Loan | 66,250 | [1] | 68,701 | [2] | 27,885 | [3] | |||||
Collectively evaluated for impairment, Loan | 4,383,132 | 3,697,437 | 3,201,955 | ||||||||
Acquired with deteriorated credit quality, Loan | 173,749 | 142,785 | 228,655 | ||||||||
Ending balance, Loan | 1,072,217 | 771,554 | 808,313 | ||||||||
Commercial Financial And Agricultural [Member] | |||||||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||||||||
Balance, Allowance | 1,599 | 1,399 | 1,144 | 2,004 | 2,004 | ||||||
Provision for loan losses | 522 | 322 | 1,310 | (176) | (73) | ||||||
Loans charged off | (541) | (410) | (947) | (802) | (1,438) | ||||||
Recoveries of loans previously charged off | 87 | 115 | 160 | 400 | 651 | ||||||
Balance, Allowance | 1,667 | 1,426 | 1,667 | 1,426 | 1,144 | ||||||
Loans individually evaluated for impairment, Allowance | 137 | [1] | 126 | [2] | 450 | [3] | |||||
Loans collectively evaluated for impairment, Allowance | 1,530 | 1,018 | 976 | ||||||||
Balance, Allowance | 1,599 | 1,399 | 1,667 | 2,004 | 2,004 | 1,667 | 1,144 | 1,426 | |||
Individually evaluated for impairment, Loan | 819 | [1] | 323 | [2] | 3,351 | [3] | |||||
Collectively evaluated for impairment, Loan | 563,524 | 449,300 | 369,851 | ||||||||
Acquired with deteriorated credit quality, Loan | 0 | 0 | 0 | ||||||||
Ending balance, Loan | 564,343 | 449,623 | 373,202 | ||||||||
Real Estate Construction And Development [Member] | |||||||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||||||||
Balance, Allowance | 3,925 | 5,311 | 5,009 | 5,030 | 5,030 | ||||||
Provision for loan losses | (438) | 40 | (1,489) | 387 | 278 | ||||||
Loans charged off | (109) | (263) | (264) | (360) | (622) | ||||||
Recoveries of loans previously charged off | 221 | 277 | 343 | 308 | 323 | ||||||
Balance, Allowance | 3,599 | 5,365 | 3,599 | 5,365 | 5,009 | ||||||
Loans individually evaluated for impairment, Allowance | 690 | [1] | 759 | [2] | 414 | [3] | |||||
Loans collectively evaluated for impairment, Allowance | 2,909 | 4,250 | 4,951 | ||||||||
Balance, Allowance | 3,925 | 5,311 | 3,599 | 5,030 | 5,030 | 3,599 | 5,009 | 5,365 | |||
Individually evaluated for impairment, Loan | 1,465 | [1] | 1,958 | [2] | 1,437 | [3] | |||||
Collectively evaluated for impairment, Loan | 273,252 | 242,735 | 203,582 | ||||||||
Acquired with deteriorated credit quality, Loan | 0 | 0 | 0 | ||||||||
Ending balance, Loan | 274,717 | 244,693 | 205,019 | ||||||||
Real estate - commercial & farmland [Member] | |||||||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||||||||
Balance, Allowance | 7,099 | 8,770 | 7,994 | 8,823 | 8,823 | ||||||
Provision for loan losses | 664 | 756 | (5) | 700 | 1,221 | ||||||
Loans charged off | (361) | (1,162) | (708) | (1,174) | (2,367) | ||||||
Recoveries of loans previously charged off | 57 | 17 | 178 | 32 | 317 | ||||||
Balance, Allowance | 7,459 | 8,381 | 7,459 | 8,381 | 7,994 | ||||||
Loans individually evaluated for impairment, Allowance | 997 | [1] | 1,074 | [2] | 1,242 | [3] | |||||
Loans collectively evaluated for impairment, Allowance | 6,462 | 6,920 | 7,139 | ||||||||
Balance, Allowance | 7,099 | 8,770 | 7,459 | 8,823 | 8,823 | 7,459 | 7,994 | 8,381 | |||
Individually evaluated for impairment, Loan | 11,870 | [1] | 11,877 | [2] | 15,028 | [3] | |||||
Collectively evaluated for impairment, Loan | 1,236,710 | 1,093,114 | 995,167 | ||||||||
Acquired with deteriorated credit quality, Loan | 0 | 0 | 0 | ||||||||
Ending balance, Loan | 1,248,580 | 1,104,991 | 1,010,195 | ||||||||
Residential Real Estate [Member] | |||||||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||||||||
Balance, Allowance | 4,631 | 5,008 | 4,760 | 4,129 | 4,129 | ||||||
Provision for loan losses | (259) | 234 | (234) | 1,324 | 2,067 | ||||||
Loans charged off | (123) | (464) | (591) | (732) | (1,587) | ||||||
Recoveries of loans previously charged off | 14 | 27 | 328 | 84 | 151 | ||||||
Balance, Allowance | 4,263 | 4,805 | 4,263 | 4,805 | 4,760 | ||||||
Loans individually evaluated for impairment, Allowance | 2,339 | [1] | 2,172 | [2] | 1,786 | [3] | |||||
Loans collectively evaluated for impairment, Allowance | 1,924 | 2,588 | 3,019 | ||||||||
Balance, Allowance | 4,631 | 5,008 | 4,263 | 4,129 | 4,129 | 4,263 | 4,760 | 4,805 | |||
Individually evaluated for impairment, Loan | 10,345 | [1] | 9,554 | [2] | 8,069 | [3] | |||||
Collectively evaluated for impairment, Loan | 669,888 | 560,876 | 529,132 | ||||||||
Acquired with deteriorated credit quality, Loan | 0 | 0 | 0 | ||||||||
Ending balance, Loan | 680,233 | 570,430 | 537,201 | ||||||||
Consumer installment loans and Other [Member] | |||||||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||||||||
Balance, Allowance | 2,922 | 1,364 | 1,574 | 1,171 | 1,171 | ||||||
Provision for loan losses | (719) | 448 | 663 | 665 | 676 | ||||||
Loans charged off | (59) | (153) | (118) | (239) | (410) | ||||||
Recoveries of loans previously charged off | 16 | 22 | 41 | 84 | 137 | ||||||
Balance, Allowance | 2,160 | 1,681 | 2,160 | 1,681 | 1,574 | ||||||
Loans individually evaluated for impairment, Allowance | 0 | [1] | 0 | [2] | 0 | [3] | |||||
Loans collectively evaluated for impairment, Allowance | 2,160 | 1,574 | 1,681 | ||||||||
Balance, Allowance | 2,922 | 1,364 | 2,160 | 1,171 | 1,171 | 2,160 | 1,574 | 1,681 | |||
Individually evaluated for impairment, Loan | 0 | [1] | 0 | [2] | 0 | [3] | |||||
Collectively evaluated for impairment, Loan | 51,198 | 37,140 | 45,983 | ||||||||
Acquired with deteriorated credit quality, Loan | 0 | 0 | 0 | ||||||||
Ending balance, Loan | 51,198 | 37,140 | 45,983 | ||||||||
Covered Loans [Member] | |||||||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||||||||
Balance, Allowance | 0 | 0 | 0 | 0 | 0 | ||||||
Provision for loan losses | 466 | 735 | 298 | 1,136 | 751 | ||||||
Loans charged off | (72) | (850) | (144) | (1,413) | (1,759) | ||||||
Recoveries of loans previously charged off | 136 | 115 | 376 | 277 | 1,008 | ||||||
Balance, Allowance | 530 | 0 | 530 | 0 | 0 | ||||||
Loans individually evaluated for impairment, Allowance | 530 | [1] | 0 | [2] | 0 | [3] | |||||
Loans collectively evaluated for impairment, Allowance | 0 | 0 | 0 | ||||||||
Balance, Allowance | 0 | 0 | 530 | 0 | 0 | 530 | 0 | 0 | |||
Individually evaluated for impairment, Loan | 17,625 | [1] | 22,317 | [2] | 0 | [3] | |||||
Collectively evaluated for impairment, Loan | 41,853 | 52,451 | 91,188 | ||||||||
Acquired with deteriorated credit quality, Loan | 61,940 | 62,761 | 118,410 | ||||||||
Ending balance, Loan | 121,418 | 137,529 | 209,598 | ||||||||
Purchased Non Covered Loans [Member] | |||||||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||||||||
Balance, Allowance | 1,306 | 0 | 581 | 0 | 0 | ||||||
Provision for loan losses | 653 | 121 | 1,027 | (311) | 344 | ||||||
Loans charged off | (111) | (240) | (418) | (470) | (950) | ||||||
Recoveries of loans previously charged off | 208 | 119 | 866 | 781 | 1,187 | ||||||
Balance, Allowance | 2,056 | 0 | 2,056 | 0 | 581 | ||||||
Loans individually evaluated for impairment, Allowance | 857 | [1] | 0 | [2] | 0 | [3] | |||||
Loans collectively evaluated for impairment, Allowance | 1,199 | 581 | 0 | ||||||||
Balance, Allowance | $ 1,306 | $ 0 | $ 2,056 | $ 0 | $ 0 | 2,056 | 581 | 0 | |||
Individually evaluated for impairment, Loan | 24,126 | [1] | 22,672 | [2] | 0 | [3] | |||||
Collectively evaluated for impairment, Loan | 1,546,707 | 1,261,821 | 967,052 | ||||||||
Acquired with deteriorated credit quality, Loan | 111,809 | 80,024 | 110,245 | ||||||||
Ending balance, Loan | $ 1,682,642 | $ 1,364,517 | $ 1,077,297 | ||||||||
[1] | At June 30, 2016, loans individually evaluated for impairment includes all nonaccrual loans greater than $100,000 and all troubled debt restructurings greater than $100,000, including all troubled debt restructurings and not only those currently classified as troubled debt restructurings. | ||||||||||
[2] | At December 31, 2015, loans individually evaluated for impairment includes all nonaccrual loans greater than $200,000 and all troubled debt restructurings greater than $100,000, including all troubled debt restructurings and not only those currently classified as troubled debt restructurings. | ||||||||||
[3] | At June 30, 2015, loans individually evaluated for impairment includes all nonaccrual loans greater than $200,000 and all troubled debt restructurings greater than $100,000, including all troubled debt restructurings and not only those currently classified as troubled debt restructurings. |
LOANS (Details Textual)
LOANS (Details Textual) - USD ($) | 1 Months Ended | 6 Months Ended | 12 Months Ended | |
Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | Dec. 31, 2015 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Covered Loans Acquired | $ 121,400,000 | $ 209,600,000 | $ 137,500,000 | |
Troubled debt restructurings, previous charge-offs | 1,400,000 | 1,600,000 | 1,300,000 | |
Allowance for loan losses allocated to troubled debt restructurings | $ 210,000 | 2,800,000 | 210,000 | 2,700,000 |
Purchased Loan Pools | 268,984,000 | 610,425,000 | 268,984,000 | 592,963,000 |
Mortgage Loans on Real Estate, Face Amount of Mortgages | 263,800,000 | 599,900,000 | 263,800,000 | 580,700,000 |
Purchase Premium Paid At Acquisition | 5,200,000 | 10,500,000 | 12,300,000 | |
Residential mortgages on properties principal balances | 263,800,000 | 599,900,000 | 263,800,000 | 580,700,000 |
Allowance for Loan and Lease Losses, Loans Acquired | 1,200,000 | 581,000 | ||
Troubled Debt Restructurings Excluding Purchased Non-covered And Covered Loans | 14,000,000 | 17,800,000 | 14,000,000 | 16,400,000 |
Loans and Leases Receivable, Allowance | 21,658,000 | 21,734,000 | 21,658,000 | 21,062,000 |
Modified Loans Value | 54,800,000 | 9,700,000 | 54,800,000 | |
Purchased Non Covered Loans [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Nonaccrual loans | 17,444,000 | 15,767,000 | 17,444,000 | 13,330,000 |
Troubled debt restructurings, previous charge-offs | 347,000 | 632,000 | 377,000 | |
Troubled debt restructurings principal balances | 4,800,000 | |||
Troubled debt restructuring loans | 6,792,000 | 9,053,000 | 6,792,000 | 9,373,000 |
Troubled debt restructurings, provision for loan loss expense | 402,000 | 65,000 | ||
Financing Receivable, Modifications, Post-Modification Recorded Investment | 668,000 | 1,000,000 | ||
Loans and Leases Receivable, Allowance | 808,313,000 | 1,072,217,000 | 808,313,000 | 771,554,000 |
Modified Loans Value | 25,182,000 | 24,514,000 | 25,182,000 | 22,264,000 |
Non-Accural Purchased Loan Pools | 864,000 | |||
Covered Loans [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Nonaccrual loans | 28,871,000 | 10,969,000 | 28,871,000 | 13,238,000 |
Troubled debt restructurings, previous charge-offs | 1,500,000 | 42,000 | 1,200,000 | |
Troubled debt restructuring loans | 19,600,000 | 15,100,000 | 19,600,000 | 15,500,000 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | 995,000 | 297,000 | ||
Modified Loans Value | 21,480,000 | 9,312,000 | 21,480,000 | 13,821,000 |
Loans Excluding Purchased Non Covered And Covered Loan [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Nonaccrual loans | 20,740,000 | 16,003,000 | 20,740,000 | 16,860,000 |
Troubled debt restructurings principal balances | 2,500,000 | 782,000 | ||
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 494,000 | 2,200,000 | ||
Troubled debt restructuring loans | 12,467,000 | 14,795,000 | 12,467,000 | 14,418,000 |
Modified Loans Value | 33,021,000 | 23,676,000 | 33,021,000 | $ 26,268,000 |
Purchased Non Covered Loans 1 [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Troubled debt restructuring loans | $ 1,200,000 | 562,000 | $ 1,200,000 | |
Substandard [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Nonaccrual loans | $ 100,000 | |||
Minimum [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loan To Value Ratio | 110.00% | |||
Minimum [Member] | Substandard [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Nonaccrual loans | $ 100,000 | |||
Minimum [Member] | Independent Third Party Loan Review [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Amount Of Loan Relationship With Risk Ratings Sample Reviewed Annually | 250,000 | |||
Minimum [Member] | Internal Loan Review Department [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Amount of Loan Relationship With Risk Ratings Reviewed Annually | $ 1,000,000 |
ASSETS ACQUIRED IN FDIC-ASSIS68
ASSETS ACQUIRED IN FDIC-ASSISTED ACQUISITIONS (Details) | 6 Months Ended |
Jun. 30, 2016Number | |
American United Bank (AUB) [Member] | |
Business Acquisition [Line Items] | |
Bank Acquired | American United Bank (“AUB”) |
Branches | 1 |
Date Acquired | Oct. 23, 2009 |
United Security Bank (USB) [Member] | |
Business Acquisition [Line Items] | |
Bank Acquired | United Security Bank (“USB”) |
Branches | 2 |
Date Acquired | Nov. 6, 2009 |
Satilla Community Bank (SCB) [Member] | |
Business Acquisition [Line Items] | |
Bank Acquired | Satilla Community Bank (“SCB”) |
Branches | 1 |
Date Acquired | May 14, 2010 |
First Bank of Jacksonville (FBJ) [Member] | |
Business Acquisition [Line Items] | |
Bank Acquired | First Bank of Jacksonville (“FBJ”) |
Branches | 2 |
Date Acquired | Oct. 22, 2010 |
Tifton Banking Company (TBC) [Member] | |
Business Acquisition [Line Items] | |
Bank Acquired | Tifton Banking Company (“TBC”) |
Branches | 1 |
Date Acquired | Nov. 12, 2010 |
Darby Bank & Trust (DBT) [Member] | |
Business Acquisition [Line Items] | |
Bank Acquired | Darby Bank & Trust (“DBT”) |
Branches | 7 |
Date Acquired | Nov. 12, 2010 |
High Trust Bank (HTB) [Member] | |
Business Acquisition [Line Items] | |
Bank Acquired | High Trust Bank (“HTB”) |
Branches | 2 |
Date Acquired | Jul. 15, 2011 |
One Georgia Bank (OGB) [Member] | |
Business Acquisition [Line Items] | |
Bank Acquired | One Georgia Bank (“OGB”) |
Branches | 1 |
Date Acquired | Jul. 15, 2011 |
Central Bank of Georgia (CBG) [Member] | |
Business Acquisition [Line Items] | |
Bank Acquired | Central Bank of Georgia (“CBG”) |
Branches | 5 |
Date Acquired | Feb. 24, 2012 |
Montgomery Bank & Trust (MBT) [Member] | |
Business Acquisition [Line Items] | |
Bank Acquired | Montgomery Bank & Trust (“MBT”) |
Branches | 2 |
Date Acquired | Jul. 6, 2012 |
ASSETS ACQUIRED IN FDIC-ASSIS69
ASSETS ACQUIRED IN FDIC-ASSISTED ACQUISITIONS (Details 1) - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2016 | Jun. 30, 2015 | Dec. 31, 2015 | Dec. 31, 2014 | |
Covered Assets [Line Items] | ||||
Covered loans | $ 129,649 | $ 226,440 | $ 148,573 | |
Less: Fair value adjustments | 8,231 | 16,842 | 11,044 | |
Total covered loans | 121,418 | 209,598 | 137,529 | |
OREO | 2,948 | 14,857 | 5,938 | |
Less: Fair value adjustments | 206 | 2,231 | 927 | |
Total covered OREO | 2,742 | 12,626 | 5,011 | |
Total covered assets | 124,160 | 222,224 | 142,540 | |
FDIC loss-share receivable (payable) | 0 | 14,957 | 6,301 | $ 31,351 |
American United Bank [Member] | ||||
Covered Assets [Line Items] | ||||
Covered loans | 0 | 0 | 0 | |
Less: Fair value adjustments | 0 | 0 | 0 | |
Total covered loans | 0 | 0 | 0 | |
OREO | 0 | 0 | 0 | |
Less: Fair value adjustments | 0 | 0 | 0 | |
Total covered OREO | 0 | 0 | 0 | |
Total covered assets | 0 | 0 | 0 | |
FDIC loss-share receivable (payable) | 5 | 187 | 111 | |
United Security Bank [Member] | ||||
Covered Assets [Line Items] | ||||
Covered loans | 3,423 | 3,883 | 3,639 | |
Less: Fair value adjustments | 14 | 18 | 16 | |
Total covered loans | 3,409 | 3,865 | 3,623 | |
OREO | 0 | 165 | 165 | |
Less: Fair value adjustments | 0 | 0 | 0 | |
Total covered OREO | 0 | 165 | 165 | |
Total covered assets | 3,409 | 4,030 | 3,788 | |
FDIC loss-share receivable (payable) | (1,791) | (1,232) | (1,424) | |
Satilla Community Bank [Member] | ||||
Covered Assets [Line Items] | ||||
Covered loans | 4,774 | 5,318 | 5,228 | |
Less: Fair value adjustments | 70 | 209 | 124 | |
Total covered loans | 4,704 | 5,109 | 5,104 | |
OREO | 440 | 95 | 0 | |
Less: Fair value adjustments | 0 | 0 | 0 | |
Total covered OREO | 440 | 95 | 0 | |
Total covered assets | 5,144 | 5,204 | 5,104 | |
FDIC loss-share receivable (payable) | 55 | 1,300 | 149 | |
First Bank of Jacksonville [Member] | ||||
Covered Assets [Line Items] | ||||
Covered loans | 4,127 | 17,708 | 4,782 | |
Less: Fair value adjustments | 507 | 1,286 | 562 | |
Total covered loans | 3,620 | 16,422 | 4,220 | |
OREO | 31 | 815 | 41 | |
Less: Fair value adjustments | 0 | 121 | 0 | |
Total covered OREO | 31 | 694 | 41 | |
Total covered assets | 3,651 | 17,116 | 4,261 | |
FDIC loss-share receivable (payable) | (80) | 1,227 | 252 | |
Darby Bank and Trust [Member] | ||||
Covered Assets [Line Items] | ||||
Covered loans | 13,705 | 46,269 | 15,934 | |
Less: Fair value adjustments | 835 | 3,667 | 1,131 | |
Total covered loans | 12,870 | 42,602 | 14,803 | |
OREO | 14 | 5,216 | 0 | |
Less: Fair value adjustments | 0 | 700 | 0 | |
Total covered OREO | 14 | 4,516 | 0 | |
Total covered assets | 12,884 | 47,118 | 14,803 | |
FDIC loss-share receivable (payable) | (3,823) | 2,126 | (1,084) | |
Tifton Banking Company [Member] | ||||
Covered Assets [Line Items] | ||||
Covered loans | 1,956 | 19,609 | 2,159 | |
Less: Fair value adjustments | 8 | 515 | 11 | |
Total covered loans | 1,948 | 19,094 | 2,148 | |
OREO | 0 | 1,480 | 0 | |
Less: Fair value adjustments | 0 | 116 | 0 | |
Total covered OREO | 0 | 1,364 | 0 | |
Total covered assets | 1,948 | 20,458 | 2,148 | |
FDIC loss-share receivable (payable) | 132 | 521 | 1,446 | |
High Trust Bank [Member] | ||||
Covered Assets [Line Items] | ||||
Covered loans | 42,092 | 47,176 | 44,405 | |
Less: Fair value adjustments | 3,550 | 4,127 | 3,881 | |
Total covered loans | 38,542 | 43,049 | 40,524 | |
OREO | 586 | 3,085 | 2,433 | |
Less: Fair value adjustments | 180 | 955 | 643 | |
Total covered OREO | 406 | 2,130 | 1,790 | |
Total covered assets | 38,948 | 45,179 | 42,314 | |
FDIC loss-share receivable (payable) | 1,789 | 4,806 | 3,875 | |
One Georgia Bank [Member] | ||||
Covered Assets [Line Items] | ||||
Covered loans | 18,663 | 34,218 | 27,561 | |
Less: Fair value adjustments | 667 | 2,192 | 1,900 | |
Total covered loans | 17,996 | 32,026 | 25,661 | |
OREO | 136 | 442 | 160 | |
Less: Fair value adjustments | 0 | 0 | 0 | |
Total covered OREO | 136 | 442 | 160 | |
Total covered assets | 18,132 | 32,468 | 25,821 | |
FDIC loss-share receivable (payable) | 306 | 1,856 | 913 | |
Central Bank of Georgia [Member] | ||||
Covered Assets [Line Items] | ||||
Covered loans | 40,909 | 52,259 | 44,865 | |
Less: Fair value adjustments | 2,580 | 4,828 | 3,419 | |
Total covered loans | 38,329 | 47,431 | 41,446 | |
OREO | 1,741 | 3,559 | 3,139 | |
Less: Fair value adjustments | 26 | 339 | 284 | |
Total covered OREO | 1,715 | 3,220 | 2,855 | |
Total covered assets | 40,044 | 50,651 | 44,301 | |
FDIC loss-share receivable (payable) | $ 1,510 | $ 4,166 | $ 2,063 |
ASSETS ACQUIRED IN FDIC-ASSIS70
ASSETS ACQUIRED IN FDIC-ASSISTED ACQUISITIONS (Details 2) - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended | |
Jun. 30, 2016 | Jun. 30, 2015 | Dec. 31, 2015 | |
Covered Loans [Line Items] | |||
Balance, beginning of year | $ 9,063 | $ 15,578 | $ 15,578 |
Accretion | 2,247 | 6,251 | 9,658 |
Transfer to covered other real estate owned | (2,663) | (2,039) | |
Transfer to purchased, non-covered loans due to loss-share expiration | 0 | (84) | (1,665) |
Balance, ending of year | 6,363 | 12,060 | 9,063 |
Loans with Deterioration of Credit Quality [Member] | |||
Covered Loans [Line Items] | |||
Balance, beginning of year | 137,529 | 271,279 | 271,279 |
Charge-offs | (720) | (7,065) | (5,558) |
Accretion | 2,247 | 6,251 | 9,658 |
Transfer to covered other real estate owned | (757) | (6,534) | (7,910) |
Transfer to purchased, non-covered loans due to loss-share expiration | 0 | (15,462) | (50,568) |
Payments received | (16,881) | (38,871) | (79,372) |
Balance, ending of year | $ 121,418 | $ 209,598 | $ 137,529 |
ASSETS ACQUIRED IN FDIC-ASSIS71
ASSETS ACQUIRED IN FDIC-ASSISTED ACQUISITIONS (Details 3) - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended | |
Jun. 30, 2016 | Jun. 30, 2015 | Dec. 31, 2015 | |
Business Combinations | |||
Balance, beginning of year | $ 9,063 | $ 15,578 | $ 15,578 |
Accretion | (2,247) | (6,251) | (9,658) |
Transfer to purchased, non-covered loans due to loss-share expiration | 0 | (84) | (1,665) |
Transfers between non-accretable and accretable discounts, net | (453) | 2,817 | 4,808 |
Balance, ending of year | $ 6,363 | $ 12,060 | $ 9,063 |
ASSETS ACQUIRED IN FDIC-ASSIS72
ASSETS ACQUIRED IN FDIC-ASSISTED ACQUISITIONS (Details 4) - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended | |
Jun. 30, 2016 | Jun. 30, 2015 | Dec. 31, 2015 | |
Business Combinations [Abstract] | |||
Beginning balance | $ 6,301 | $ 31,351 | $ 31,351 |
Payments received from FDIC | (4,165) | (12,539) | (19,273) |
Amortization, net | (2,737) | (5,393) | (8,878) |
Changes in clawback liability | (345) | (1,057) | (2,008) |
Net charge-offs on covered loans | (929) | 1,955 | 416 |
Write downs of covered other real estate | 774 | 2,206 | 4,752 |
Reimbursable expenses on covered assets | 429 | 1,866 | 2,582 |
Other activity, net | (1,225) | (3,432) | (2,641) |
Ending balance | $ 0 | $ 14,957 | $ 6,301 |
ASSETS ACQUIRED IN FDIC-ASSIS73
ASSETS ACQUIRED IN FDIC-ASSISTED ACQUISITIONS (Details Textual) - USD ($) | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2016 | Dec. 31, 2014 | Dec. 31, 2015 | Jun. 30, 2015 | |
Business Combinations [Abstract] | ||||
FDIC Indemnification Asset | $ 0 | $ 31,351,000 | $ 6,301,000 | $ 14,957,000 |
Federal funds purchased and securities sold under agreements to repurchase | 3,200,000 | |||
Business Combination, Acquisition Related Costs | 3,500,000 | |||
Clawback Liability | $ 8,600,000 | $ 8,200,000 | $ 7,300,000 | |
Reimbursement Revenue | $ 87,000 |
OTHER REAL ESTATE OWNED (Detail
OTHER REAL ESTATE OWNED (Details) - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended | |
Jun. 30, 2016 | Jun. 30, 2015 | Dec. 31, 2015 | |
Beginning balance, January 1 | $ 16,147 | $ 33,160 | $ 33,160 |
Loans transferred to other real estate owned | 1,499 | 8,636 | 11,261 |
Net gains (losses) on sale and write-downs | (1,057) | (9,449) | (9,971) |
Sales proceeds | (2,824) | (9,780) | (18,303) |
Ending balance | $ 13,765 | $ 22,567 | $ 16,147 |
OTHER REAL ESTATE OWNED (Deta75
OTHER REAL ESTATE OWNED (Details 1) - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended | |
Jun. 30, 2016 | Jun. 30, 2015 | Dec. 31, 2015 | |
Balance, January 1 | $ 14,333 | $ 15,585 | $ 15,585 |
Loans transferred to other real estate owned | 2,663 | 2,039 | 4,473 |
Acquired in acquisitions | 1,838 | 2,189 | 2,160 |
Transfer from covered other real estate owned due to loss-share expiration | 0 | 75 | 3,148 |
Net gains (losses) on sale and write-downs | 30 | 182 | 201 |
Sales proceeds | (4,936) | (6,958) | (11,234) |
Ending balance | $ 13,928 | $ 13,112 | $ 14,333 |
OTHER REAL ESTATE OWNED (Deta76
OTHER REAL ESTATE OWNED (Details 2) - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended | |
Jun. 30, 2016 | Jun. 30, 2015 | Dec. 31, 2015 | |
Beginning balance, January 1 | $ 5,011 | $ 19,907 | $ 19,907 |
Loans transferred to other real estate owned | 757 | 6,534 | 7,910 |
Transfer from covered other real estate owned due to loss-share expiration | 0 | (75) | (3,148) |
Net gains (losses) on sale and write-downs | (968) | (2,758) | (5,926) |
Sales proceeds | (2,058) | (10,982) | (13,732) |
Ending balance | $ 2,742 | $ 12,626 | $ 5,011 |
SECURITIES SOLD UNDER AGREEME77
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE (Details) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 | Jun. 30, 2015 |
Disclosure of Repurchase Agreements [Abstract] | |||
Securities sold under agreements to repurchase | $ 37,139 | $ 63,585 | $ 75,066 |
OTHER BORROWINGS (Details)
OTHER BORROWINGS (Details) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 | Jun. 30, 2015 |
Other Borrowings [Line Items] | |||
Other borrowings | $ 260,191 | $ 39,000 | $ 39,000 |
Daily Rate Credit From Federal Home Loan Bank [Member] | |||
Other Borrowings [Line Items] | |||
Advance from correspondent bank | 121,700 | 0 | 0 |
Fixed Rate Advance [Member] | |||
Other Borrowings [Line Items] | |||
Advance from correspondent bank | 75,000 | 0 | 0 |
Fixed Rate Advance One [Member] | |||
Other Borrowings [Line Items] | |||
Advance from correspondent bank | 2,505 | 0 | 0 |
Fixed Rate Advance Two [Member] | |||
Other Borrowings [Line Items] | |||
Advance from correspondent bank | 4,014 | 0 | 0 |
Fixed Rate Advance Three [Member] | |||
Other Borrowings [Line Items] | |||
Advance from correspondent bank | 5,013 | 0 | 0 |
Revolving Credit Facility One [Member] | |||
Other Borrowings [Line Items] | |||
Long-term Line of Credit | 36,000 | 24,000 | 24,000 |
Revolving Credit Facility Two [Member] | |||
Other Borrowings [Line Items] | |||
Long-term Line of Credit | 869 | 0 | 0 |
Correspondent Bank Advances [Member] | |||
Other Borrowings [Line Items] | |||
Other borrowings | 90 | 0 | 0 |
Subordinated Debt One [Member] | |||
Other Borrowings [Line Items] | |||
Subordinated debt issued | $ 15,000 | $ 15,000 | $ 15,000 |
OTHER BORROWINGS _Parenthetical
OTHER BORROWINGS [Parenthetical] (Details) | 6 Months Ended | ||
Jun. 30, 2016 | Dec. 31, 2015 | Jun. 30, 2015 | |
Daily Rate Credit From Federal Home Loan Bank [Member] | |||
Other Borrowings [Line Items] | |||
Debt Instrument, Interest Rate, Effective Percentage | 0.57% | ||
Revolving Credit Facility [Member] | |||
Other Borrowings [Line Items] | |||
Debt Instrument, Interest Rate, Effective Percentage | 8.00% | ||
Debt instrument, maturity period | January 31, 2017 | ||
Revolving Credit Facility One [Member] | |||
Other Borrowings [Line Items] | |||
Debt Instrument, Description of Variable Rate Basis | Advances under revolving credit agreement with a regional bank with interest at 90-day LIBOR plus 3.50% (4.17% at June 30, 2016, 3.92% at December 31, 2015, and 3.78% at June 30, 2015) due in August 2017, secured by subsidiary bank stock | ||
Debt Instrument, Interest Rate, Effective Percentage | 4.17% | 3.92% | 3.78% |
Debt instrument, maturity period | August 31, 2017 | ||
Correspondent Bank Advances [Member] | |||
Other Borrowings [Line Items] | |||
Debt Instrument, Interest Rate, Effective Percentage | 4.25% | ||
Maturity period of advances | Oct. 15, 2019 | ||
Fixed Rate Advance One [Member] | |||
Other Borrowings [Line Items] | |||
Debt Instrument, Interest Rate, Effective Percentage | 2.81% | ||
Maturity period of advances | Jul. 15, 2016 | ||
Fixed Rate Advance Two [Member] | |||
Other Borrowings [Line Items] | |||
Debt Instrument, Interest Rate, Effective Percentage | 1.40% | ||
Maturity period of advances | Jan. 9, 2017 | ||
Fixed Rate Advance Three [Member] | |||
Other Borrowings [Line Items] | |||
Debt Instrument, Interest Rate, Effective Percentage | 1.23% | ||
Maturity period of advances | May 30, 2017 | ||
Subordinated Debt [Member] | |||
Other Borrowings [Line Items] | |||
Debt Instrument, Description of Variable Rate Basis | Subordinated debt issued by The Prosperity Banking Company due September 2016 with an interest rate of 90-day LIBOR plus 1.75% (2.40% at June 30, 2016, 2.28% at December 31, 2015 and 2.04% at June 30, 2015) | ||
Debt Instrument, Interest Rate, Effective Percentage | 2.40% | 2.28% | 2.04% |
Fixed Rate Advance [Member] | |||
Other Borrowings [Line Items] | |||
Debt Instrument, Interest Rate, Effective Percentage | 0.40% | ||
Maturity period of advances | Jul. 15, 2016 |
OTHER BORROWINGS (Details Textu
OTHER BORROWINGS (Details Textual) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 | Jun. 30, 2015 |
Other borrowings | $ 260,191 | $ 39,000 | $ 39,000 |
Federal Home Loan Bank, Advances, General Debt Obligations, Amount of Available, Unused Funds | 204,400 | ||
Credit arrangements for federal funds purchase | 67,000 | ||
Pledged Assets Separately Reported, Loans Pledged for Federal Reserve Bank, at Fair Value | 814,500 | ||
Line of Credit Facility, Remaining Borrowing Capacity | 4,000 | ||
Borrowing Capacity Available Based On Pledged Collateral | $ 532,400 |
COMMITMENTS AND CONTINGENCIES81
COMMITMENTS AND CONTINGENCIES (Details) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 | Jun. 30, 2015 |
Commitments to extend credit | $ 669,353 | $ 548,898 | $ 431,678 |
Unused lines of credit | 63,244 | 52,798 | 51,834 |
Financial standby letters of credit | 15,587 | 14,712 | 10,535 |
Mortgage interest rate lock commitments | $ 154,589 | $ 77,710 | $ 91,977 |
COMMITMENTS AND CONTINGENCIES82
COMMITMENTS AND CONTINGENCIES (Details Textual) - USD ($) $ in Millions | Aug. 08, 2013 | Jun. 30, 2016 |
Litigation Settlement, Amount | $ 2.9 | |
Letters of Credit Outstanding, Amount | $ 75 |
ACCUMULATED OTHER COMPREHENSI83
ACCUMULATED OTHER COMPREHENSIVE INCOME (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Beginning Balance | $ 3,353 | $ 6,098 | ||
Reclassification for gains included in net income, net of tax | $ 0 | $ (6) | (61) | (14) |
Current year changes, net of tax | 9,668 | (3,012) | ||
Ending Balance | 12,960 | 3,072 | 12,960 | 3,072 |
Unrealized Gain (Loss) on Derivatives [Member] | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Beginning Balance | 152 | 508 | ||
Reclassification for gains included in net income, net of tax | 0 | 0 | ||
Current year changes, net of tax | (808) | (131) | ||
Ending Balance | (656) | 377 | (656) | 377 |
Unrealized Gain (Loss) on Securities [Member] | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Beginning Balance | 3,201 | 5,590 | ||
Reclassification for gains included in net income, net of tax | (61) | (14) | ||
Current year changes, net of tax | 10,476 | (2,881) | ||
Ending Balance | $ 13,616 | $ 2,695 | $ 13,616 | $ 2,695 |
WEIGHTED AVERAGE SHARES OUTST84
WEIGHTED AVERAGE SHARES OUTSTANDING (Details) - shares shares in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | |
Basic shares outstanding | 34,833 | 32,184 | 33,792 | 31,318 |
Plus: Dilutive effect of ISOs | 117 | 116 | 113 | 115 |
Plus: Dilutive effect of restricted share grants | 203 | 220 | 202 | 220 |
Diluted shares outstanding | 35,153 | 32,520 | 34,107 | 31,653 |
WEIGHTED AVERAGE SHARES OUTST85
WEIGHTED AVERAGE SHARES OUTSTANDING (Details Textual) - shares | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | |
Anti-dilutive common shares excluded | 0 | 5,000 | 0 | 5,000 |
FAIR VALUE MEASURES (Details)
FAIR VALUE MEASURES (Details) - Mortgage Loans Held for Sale [Member] - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 | Jun. 30, 2015 |
Assets And Liabilities Carrying Value And Fair Value [Line Items] | |||
Aggregate fair value of mortgage loans held for sale | $ 102,757 | $ 111,182 | $ 108,829 |
Aggregate unpaid principal balance | 98,769 | 107,652 | 105,184 |
Past-due loans of 90 days or more | 0 | 0 | 0 |
Nonaccrual loans | $ 0 | $ 0 | $ 0 |
FAIR VALUE MEASURES (Details 1)
FAIR VALUE MEASURES (Details 1) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 | Jun. 30, 2015 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Recurring assets at fair value | $ 952,155 | $ 897,054 | $ 974,758 |
Recurring liabilities at fair value | 5,149 | 1,576 | 1,306 |
Level 1 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Recurring assets at fair value | 0 | 0 | 0 |
Recurring liabilities at fair value | 0 | 0 | 0 |
Level 2 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Recurring assets at fair value | 950,655 | 894,056 | 972,258 |
Recurring liabilities at fair value | 5,149 | 1,576 | 1,306 |
Level 3 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Recurring assets at fair value | 1,500 | 2,998 | 2,500 |
Recurring liabilities at fair value | 0 | 0 | 0 |
U.S. government sponsored agencies [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Recurring assets at fair value | 6,037 | 14,890 | 14,746 |
U.S. government sponsored agencies [Member] | Level 1 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Recurring assets at fair value | 0 | 0 | 0 |
U.S. government sponsored agencies [Member] | Level 2 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Recurring assets at fair value | 6,037 | 14,890 | 14,746 |
U.S. government sponsored agencies [Member] | Level 3 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Recurring assets at fair value | 0 | 0 | 0 |
State, county and municipal securities [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Recurring assets at fair value | 158,386 | 161,316 | 167,372 |
State, county and municipal securities [Member] | Level 1 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Recurring assets at fair value | 0 | 0 | 0 |
State, county and municipal securities [Member] | Level 2 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Recurring assets at fair value | 158,386 | 161,316 | 167,372 |
State, county and municipal securities [Member] | Level 3 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Recurring assets at fair value | 0 | 0 | 0 |
Corporate debt securities [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Recurring assets at fair value | 20,303 | 6,017 | 12,836 |
Corporate debt securities [Member] | Level 1 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Recurring assets at fair value | 0 | 0 | 0 |
Corporate debt securities [Member] | Level 2 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Recurring assets at fair value | 18,803 | 3,019 | 10,336 |
Corporate debt securities [Member] | Level 3 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Recurring assets at fair value | 1,500 | 2,998 | 2,500 |
Mortgage-backed securities [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Recurring assets at fair value | 658,920 | 600,962 | 667,200 |
Mortgage-backed securities [Member] | Level 1 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Recurring assets at fair value | 0 | 0 | 0 |
Mortgage-backed securities [Member] | Level 2 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Recurring assets at fair value | 658,920 | 600,962 | 667,200 |
Mortgage-backed securities [Member] | Level 3 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Recurring assets at fair value | 0 | 0 | 0 |
Mortgage loans held for sale [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Recurring assets at fair value | 102,757 | 111,182 | 108,829 |
Mortgage loans held for sale [Member] | Level 1 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Recurring assets at fair value | 0 | 0 | 0 |
Mortgage loans held for sale [Member] | Level 2 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Recurring assets at fair value | 102,757 | 111,182 | 108,829 |
Mortgage loans held for sale [Member] | Level 3 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Recurring assets at fair value | 0 | 0 | 0 |
Mortgage banking derivative instruments [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Recurring assets at fair value | 5,752 | 2,687 | 3,775 |
Recurring liabilities at fair value | 1,614 | 137 | |
Mortgage banking derivative instruments [Member] | Level 1 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Recurring assets at fair value | 0 | 0 | 0 |
Recurring liabilities at fair value | 0 | 0 | |
Mortgage banking derivative instruments [Member] | Level 2 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Recurring assets at fair value | 5,752 | 2,687 | 3,775 |
Recurring liabilities at fair value | 1,614 | 137 | |
Mortgage banking derivative instruments [Member] | Level 3 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Recurring assets at fair value | 0 | 0 | 0 |
Recurring liabilities at fair value | 0 | 0 | |
Derivative financial instruments [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Recurring liabilities at fair value | 3,535 | 1,439 | 1,306 |
Derivative financial instruments [Member] | Level 1 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Recurring liabilities at fair value | 0 | 0 | 0 |
Derivative financial instruments [Member] | Level 2 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Recurring liabilities at fair value | 3,535 | 1,439 | 1,306 |
Derivative financial instruments [Member] | Level 3 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Recurring liabilities at fair value | $ 0 | $ 0 | $ 0 |
FAIR VALUE MEASURES (Details 2)
FAIR VALUE MEASURES (Details 2) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 | Jun. 30, 2015 |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Nonrecurring assets at fair value | $ 44,261 | $ 56,869 | $ 66,035 |
Level 1 [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Nonrecurring assets at fair value | 0 | 0 | 0 |
Level 2 [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Nonrecurring assets at fair value | 0 | 0 | 0 |
Level 3 [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Nonrecurring assets at fair value | 44,261 | 56,869 | 66,035 |
Impaired loans carried at fair value [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Nonrecurring assets at fair value | 26,574 | 27,069 | 29,228 |
Impaired loans carried at fair value [Member] | Level 1 [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Nonrecurring assets at fair value | 0 | 0 | 0 |
Impaired loans carried at fair value [Member] | Level 2 [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Nonrecurring assets at fair value | 0 | 0 | 0 |
Impaired loans carried at fair value [Member] | Level 3 [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Nonrecurring assets at fair value | 26,574 | 27,069 | 29,228 |
Other real estate owned [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Nonrecurring assets at fair value | 1,017 | 10,456 | 11,069 |
Other real estate owned [Member] | Level 1 [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Nonrecurring assets at fair value | 0 | 0 | 0 |
Other real estate owned [Member] | Level 2 [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Nonrecurring assets at fair value | 0 | 0 | 0 |
Other real estate owned [Member] | Level 3 [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Nonrecurring assets at fair value | 1,017 | 10,456 | 11,069 |
Purchased, non-covered other real estate owned [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Nonrecurring assets at fair value | 13,928 | 14,333 | 13,112 |
Purchased, non-covered other real estate owned [Member] | Level 1 [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Nonrecurring assets at fair value | 0 | 0 | 0 |
Purchased, non-covered other real estate owned [Member] | Level 2 [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Nonrecurring assets at fair value | 0 | 0 | 0 |
Purchased, non-covered other real estate owned [Member] | Level 3 [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Nonrecurring assets at fair value | 13,928 | 14,333 | 13,112 |
Covered other real estate owned [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Nonrecurring assets at fair value | 2,742 | 5,011 | 12,626 |
Covered other real estate owned [Member] | Level 1 [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Nonrecurring assets at fair value | 0 | 0 | 0 |
Covered other real estate owned [Member] | Level 2 [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Nonrecurring assets at fair value | 0 | 0 | 0 |
Covered other real estate owned [Member] | Level 3 [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Nonrecurring assets at fair value | $ 2,742 | $ 5,011 | $ 12,626 |
FAIR VALUE MEASURES (Details 3)
FAIR VALUE MEASURES (Details 3) - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended | |
Jun. 30, 2016 | Jun. 30, 2015 | Dec. 31, 2015 | |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Fair Value Disclosure, Nonrecurring | $ 44,261 | $ 66,035 | $ 56,869 |
Investment securities available for sale, Recurring | 952,155 | 974,758 | 897,054 |
Level 3 [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Fair Value Disclosure, Nonrecurring | 44,261 | 66,035 | 56,869 |
Investment securities available for sale, Recurring | 1,500 | 2,500 | 2,998 |
Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Investment securities available for sale, Recurring | $ 1,500 | $ 2,500 | $ 2,998 |
Valuation Technique | Discounted par values | Discounted par values | Discounted par values |
Fair Value Measurements Unobservable Inputs | Credit quality of underlying issuer | Credit quality of underlying issuer | Credit quality of underlying issuer |
Fair value inputs discount rate range | 0.00% | 0.00% | 0.00% |
Fair Value, Measurements, Recurring [Member] | Weighted Average Daily Balance [Member] | Level 3 [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Fair value inputs discount rate range | 0.00% | 0.00% | 0.00% |
Impaired Loans Carried At Fair Value [Member] | Fair Value, Measurements, Nonrecurring [Member] | Level 3 [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Fair Value Disclosure, Nonrecurring | $ 26,574 | $ 29,228 | $ 27,069 |
Valuation Technique | Third-party appraisals and discounted cash flows | Third-party appraisals and discounted cash flows | Third-party appraisals and discounted cash flows |
Fair Value Measurements Unobservable Inputs | Collateral discounts and discount rates | Collateral discounts and discount rates | Collateral discounts and discount rates |
Impaired Loans Carried At Fair Value [Member] | Fair Value, Measurements, Nonrecurring [Member] | Maximum [Member] | Level 3 [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Fair value inputs discount rate range | 100.00% | 75.00% | 100.00% |
Impaired Loans Carried At Fair Value [Member] | Fair Value, Measurements, Nonrecurring [Member] | Minimum [Member] | Level 3 [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Fair value inputs discount rate range | 15.00% | 4.00% | 0.00% |
Impaired Loans Carried At Fair Value [Member] | Fair Value, Measurements, Nonrecurring [Member] | Weighted Average Daily Balance [Member] | Level 3 [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Fair value inputs discount rate range | 28.00% | 24.00% | 29.00% |
Other real estate owned [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Fair Value Disclosure, Nonrecurring | $ 1,017 | $ 11,069 | $ 10,456 |
Other real estate owned [Member] | Level 3 [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Fair Value Disclosure, Nonrecurring | 1,017 | 11,069 | 10,456 |
Other real estate owned [Member] | Fair Value, Measurements, Nonrecurring [Member] | Level 3 [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Fair Value Disclosure, Nonrecurring | $ 1,017 | $ 11,069 | $ 10,456 |
Valuation Technique | Third-party appraisals, sales contracts, broker price opinions | Third-party appraisals, sales contracts, broker price opinions | Third-party appraisals, sales contracts, broker price opinions |
Fair Value Measurements Unobservable Inputs | Collateral discounts and estimated costs to sell | Collateral discounts and estimated costs to sell | Collateral discounts and estimated costs to sell |
Fair value inputs discount rate range | 10.00% | ||
Other real estate owned [Member] | Fair Value, Measurements, Nonrecurring [Member] | Maximum [Member] | Level 3 [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Fair value inputs discount rate range | 90.00% | 90.00% | |
Other real estate owned [Member] | Fair Value, Measurements, Nonrecurring [Member] | Minimum [Member] | Level 3 [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Fair value inputs discount rate range | 10.00% | 10.00% | |
Other real estate owned [Member] | Fair Value, Measurements, Nonrecurring [Member] | Weighted Average Daily Balance [Member] | Level 3 [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Fair value inputs discount rate range | 13.00% | 10.00% | 13.00% |
Purchased, non-covered other real estate owned [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Fair Value Disclosure, Nonrecurring | $ 13,928 | $ 13,112 | $ 14,333 |
Purchased, non-covered other real estate owned [Member] | Level 3 [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Fair Value Disclosure, Nonrecurring | 13,928 | 13,112 | 14,333 |
Purchased, non-covered other real estate owned [Member] | Fair Value, Measurements, Nonrecurring [Member] | Level 3 [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Fair Value Disclosure, Nonrecurring | $ 13,928 | $ 13,112 | $ 14,333 |
Valuation Technique | Third-party appraisals | Third-party appraisals | Third-party appraisals |
Fair Value Measurements Unobservable Inputs | Collateral discounts and estimated costs to sell | Collateral discounts and estimated costs to sell | Collateral discounts and estimated costs to sell |
Purchased, non-covered other real estate owned [Member] | Fair Value, Measurements, Nonrecurring [Member] | Maximum [Member] | Level 3 [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Fair value inputs discount rate range | 78.00% | 85.00% | 69.00% |
Purchased, non-covered other real estate owned [Member] | Fair Value, Measurements, Nonrecurring [Member] | Minimum [Member] | Level 3 [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Fair value inputs discount rate range | 10.00% | 10.00% | 10.00% |
Purchased, non-covered other real estate owned [Member] | Fair Value, Measurements, Nonrecurring [Member] | Weighted Average Daily Balance [Member] | Level 3 [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Fair value inputs discount rate range | 16.00% | 19.00% | 19.00% |
Covered other real estate owned [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Fair Value Disclosure, Nonrecurring | $ 2,742 | $ 12,626 | $ 5,011 |
Covered other real estate owned [Member] | Level 3 [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Fair Value Disclosure, Nonrecurring | 2,742 | 12,626 | 5,011 |
Covered other real estate owned [Member] | Fair Value, Measurements, Nonrecurring [Member] | Level 3 [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Fair Value Disclosure, Nonrecurring | $ 2,742 | $ 12,626 | $ 5,011 |
Valuation Technique | Third-party appraisals | Third-party appraisals | Third-party appraisals |
Fair Value Measurements Unobservable Inputs | Collateral discounts and estimated costs to sell | Collateral discounts and estimated costs to sell | Collateral discounts and estimated costs to sell |
Covered other real estate owned [Member] | Fair Value, Measurements, Nonrecurring [Member] | Maximum [Member] | Level 3 [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Fair value inputs discount rate range | 56.00% | 70.00% | 74.00% |
Covered other real estate owned [Member] | Fair Value, Measurements, Nonrecurring [Member] | Minimum [Member] | Level 3 [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Fair value inputs discount rate range | 15.00% | 10.00% | 0.00% |
Covered other real estate owned [Member] | Fair Value, Measurements, Nonrecurring [Member] | Weighted Average Daily Balance [Member] | Level 3 [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Fair value inputs discount rate range | 16.00% | 12.00% | 12.00% |
FAIR VALUE MEASURES (Details 4)
FAIR VALUE MEASURES (Details 4) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 | Jun. 30, 2015 | Dec. 31, 2014 |
Financial assets: | ||||
Cash and due from banks | $ 116,255 | $ 118,518 | $ 115,413 | |
Federal funds sold and interest-bearing accounts | 68,273 | 272,045 | 239,804 | |
FDIC loss-share receivable | 0 | 6,301 | 14,957 | $ 31,351 |
Financial liabilities: | ||||
Subordinated deferrable interest debentures | 83,570 | 69,874 | 69,325 | |
FDIC loss-share payable | 1,897 | 0 | 0 | |
Other borrowings | 260,191 | 39,000 | 39,000 | |
Carrying Value [Member] | ||||
Financial assets: | ||||
Cash and due from banks | 116,255 | 118,518 | 115,413 | |
Federal funds sold and interest-bearing accounts | 68,273 | 272,045 | 239,804 | |
Loans, net | 4,677,580 | 3,971,974 | 3,407,609 | |
FDIC loss-share receivable | 6,301 | 14,957 | ||
Accrued interest receivable | 19,734 | 21,274 | 17,648 | |
Financial liabilities: | ||||
Subordinated deferrable interest debentures | 83,570 | 69,874 | 69,325 | |
Deposits | 5,179,532 | 4,879,290 | 4,511,547 | |
Securities sold under agreements to repurchase | 37,139 | 63,585 | 75,066 | |
FDIC loss-share payable | 1,897 | |||
Other borrowings | 260,191 | 39,000 | 39,000 | |
Accrued interest payable | 1,129 | 1,054 | 1,239 | |
Fair Value [Member] | ||||
Financial assets: | ||||
Cash and due from banks | 116,255 | 118,518 | 115,413 | |
Federal funds sold and interest-bearing accounts | 68,273 | 272,045 | 239,804 | |
Loans, net | 4,674,993 | 3,982,606 | 3,428,008 | |
FDIC loss-share receivable | (944) | 5,295 | ||
Accrued interest receivable | 19,734 | 21,274 | 17,648 | |
Financial liabilities: | ||||
Subordinated deferrable interest debentures | 67,484 | 52,785 | 50,924 | |
Deposits | 5,180,700 | 4,880,294 | 4,513,218 | |
Securities sold under agreements to repurchase | 37,139 | 63,585 | 75,066 | |
FDIC loss-share payable | 6,944 | |||
Other borrowings | 260,191 | 39,000 | 39,000 | |
Accrued interest payable | 1,129 | 1,054 | 1,239 | |
Fair Value [Member] | Fair Value, Inputs, Level 1 [Member] | ||||
Financial assets: | ||||
Cash and due from banks | 116,255 | 118,518 | 115,413 | |
Federal funds sold and interest-bearing accounts | 68,273 | 272,045 | 239,804 | |
Loans, net | 0 | 0 | 0 | |
FDIC loss-share receivable | 0 | 0 | ||
Accrued interest receivable | 19,734 | 21,274 | 17,648 | |
Financial liabilities: | ||||
Subordinated deferrable interest debentures | 0 | 0 | 0 | |
Deposits | 0 | 0 | 0 | |
Securities sold under agreements to repurchase | 37,139 | 63,585 | 75,066 | |
FDIC loss-share payable | 0 | |||
Other borrowings | 0 | 0 | 0 | |
Accrued interest payable | 1,129 | 1,054 | 1,239 | |
Fair Value [Member] | Fair Value, Inputs, Level 2 [Member] | ||||
Financial assets: | ||||
Cash and due from banks | 0 | 0 | 0 | |
Federal funds sold and interest-bearing accounts | 0 | 0 | 0 | |
Loans, net | 0 | 0 | 0 | |
FDIC loss-share receivable | 0 | 0 | ||
Accrued interest receivable | 0 | 0 | 0 | |
Financial liabilities: | ||||
Subordinated deferrable interest debentures | 67,484 | 52,785 | 50,924 | |
Deposits | 5,180,700 | 4,880,294 | 4,513,218 | |
Securities sold under agreements to repurchase | 0 | 0 | 0 | |
FDIC loss-share payable | 0 | |||
Other borrowings | 260,191 | 39,000 | 39,000 | |
Accrued interest payable | 0 | 0 | 0 | |
Fair Value [Member] | Fair Value, Inputs, Level 3 [Member] | ||||
Financial assets: | ||||
Cash and due from banks | 0 | 0 | 0 | |
Federal funds sold and interest-bearing accounts | 0 | 0 | 0 | |
Loans, net | 4,674,993 | 3,982,606 | 3,428,008 | |
FDIC loss-share receivable | (944) | 5,295 | ||
Accrued interest receivable | 0 | 0 | 0 | |
Financial liabilities: | ||||
Subordinated deferrable interest debentures | 0 | 0 | 0 | |
Deposits | 0 | 0 | 0 | |
Securities sold under agreements to repurchase | 0 | 0 | 0 | |
FDIC loss-share payable | 6,944 | |||
Other borrowings | 0 | 0 | 0 | |
Accrued interest payable | $ 0 | $ 0 | $ 0 |
FAIR VALUE MEASURES (Details Te
FAIR VALUE MEASURES (Details Textual) - USD ($) $ in Millions | 6 Months Ended | |
Jun. 30, 2016 | Jun. 30, 2015 | |
Net Gains Losses From Change In Fair Value Of Mortgages Loans Held For Sale | $ 3.9 | $ 3.2 |
SEGMENT REPORTING (Details)
SEGMENT REPORTING (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | Dec. 31, 2015 | |
Segment Reporting Information [Line Items] | |||||
Interest income | $ 59,340 | $ 44,229 | $ 113,899 | $ 86,597 | |
Interest expense | 4,751 | 3,541 | 8,874 | 7,077 | |
Net interest income | 54,589 | 40,688 | 105,025 | 79,520 | |
Provision for loan losses | 889 | 2,656 | 1,570 | 3,725 | $ 5,264 |
Noninterest income | 28,379 | 20,626 | 52,665 | 38,201 | |
Noninterest expense | |||||
Salaries and employee benefits | 27,531 | 22,465 | 53,718 | 43,097 | |
Equipment and occupancy expenses | 6,371 | 4,809 | 12,071 | 9,363 | |
Data processing and telecommunications expenses | 6,049 | 4,214 | 12,162 | 8,474 | |
Other expenses | 12,408 | 25,376 | 30,008 | 36,757 | |
Total noninterest expense | 52,359 | 56,864 | 107,959 | 97,691 | |
Income before income tax expense | 29,720 | 1,794 | 48,161 | 16,305 | |
Income tax expense | 9,671 | 486 | 15,795 | 5,233 | |
Net income | 20,049 | 1,308 | 32,366 | 11,072 | |
Total assets | 6,221,294 | 5,205,734 | 6,221,294 | 5,205,734 | 5,588,940 |
Other intangible assets, net | 20,574 | 19,189 | 20,574 | 19,189 | 17,058 |
Goodwill | 121,422 | 87,367 | 121,422 | 87,367 | $ 90,082 |
Banking Division [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Interest income | 53,534 | 40,252 | 103,313 | 79,549 | |
Interest expense | 4,594 | 3,446 | 8,572 | 6,904 | |
Net interest income | 48,940 | 36,806 | 94,741 | 72,645 | |
Provision for loan losses | 733 | 2,456 | 1,414 | 3,383 | |
Noninterest income | 13,018 | 9,262 | 25,753 | 18,042 | |
Noninterest expense | |||||
Salaries and employee benefits | 18,428 | 15,675 | 37,417 | 31,037 | |
Equipment and occupancy expenses | 5,901 | 4,376 | 11,051 | 8,520 | |
Data processing and telecommunications expenses | 5,685 | 3,913 | 11,505 | 7,924 | |
Other expenses | 11,071 | 24,048 | 27,507 | 34,404 | |
Total noninterest expense | 41,085 | 48,012 | 87,480 | 81,885 | |
Income before income tax expense | 20,140 | (4,400) | 31,600 | 5,419 | |
Income tax expense | 6,318 | (1,682) | 9,999 | 1,423 | |
Net income | 13,822 | (2,718) | 21,601 | 3,996 | |
Total assets | 5,691,976 | 4,823,335 | 5,691,976 | 4,823,335 | |
Other intangible assets, net | 20,574 | 19,189 | 20,574 | 19,189 | |
Goodwill | 121,422 | 87,367 | 121,422 | 87,367 | |
Retail Mortgage Division [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Interest income | 3,293 | 1,979 | 6,313 | 3,524 | |
Interest expense | 0 | 0 | 0 | 0 | |
Net interest income | 3,293 | 1,979 | 6,313 | 3,524 | |
Provision for loan losses | 93 | 200 | 93 | 342 | |
Noninterest income | 13,304 | 9,095 | 22,928 | 16,705 | |
Noninterest expense | |||||
Salaries and employee benefits | 8,304 | 5,592 | 14,651 | 10,119 | |
Equipment and occupancy expenses | 405 | 396 | 893 | 776 | |
Data processing and telecommunications expenses | 338 | 279 | 610 | 491 | |
Other expenses | 1,133 | 1,150 | 2,089 | 2,082 | |
Total noninterest expense | 10,180 | 7,417 | 18,243 | 13,468 | |
Income before income tax expense | 6,324 | 3,457 | 10,905 | 6,419 | |
Income tax expense | 2,213 | 1,210 | 3,816 | 2,246 | |
Net income | 4,111 | 2,247 | 7,089 | 4,173 | |
Total assets | 306,932 | 235,067 | 306,932 | 235,067 | |
Other intangible assets, net | 0 | 0 | 0 | 0 | |
Goodwill | 0 | 0 | 0 | 0 | |
Warehouse Lending Division [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Interest income | 1,622 | 1,179 | 2,641 | 2,014 | |
Interest expense | 0 | 0 | 0 | 0 | |
Net interest income | 1,622 | 1,179 | 2,641 | 2,014 | |
Provision for loan losses | 0 | 0 | 0 | 0 | |
Noninterest income | 440 | 383 | 773 | 656 | |
Noninterest expense | |||||
Salaries and employee benefits | 108 | 99 | 296 | 226 | |
Equipment and occupancy expenses | 1 | 1 | 2 | 3 | |
Data processing and telecommunications expenses | 25 | 20 | 45 | 53 | |
Other expenses | 26 | 19 | 51 | 55 | |
Total noninterest expense | 160 | 139 | 394 | 337 | |
Income before income tax expense | 1,902 | 1,423 | 3,020 | 2,333 | |
Income tax expense | 666 | 498 | 1,057 | 817 | |
Net income | 1,236 | 925 | 1,963 | 1,516 | |
Total assets | 150,823 | 82,913 | 150,823 | 82,913 | |
Other intangible assets, net | 0 | 0 | 0 | 0 | |
Goodwill | 0 | 0 | 0 | 0 | |
SBA Division [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Interest income | 891 | 819 | 1,632 | 1,510 | |
Interest expense | 157 | 95 | 302 | 173 | |
Net interest income | 734 | 724 | 1,330 | 1,337 | |
Provision for loan losses | 63 | 0 | 63 | 0 | |
Noninterest income | 1,617 | 1,886 | 3,211 | 2,798 | |
Noninterest expense | |||||
Salaries and employee benefits | 691 | 1,099 | 1,354 | 1,715 | |
Equipment and occupancy expenses | 64 | 36 | 125 | 64 | |
Data processing and telecommunications expenses | 1 | 2 | 2 | 6 | |
Other expenses | 178 | 159 | 361 | 216 | |
Total noninterest expense | 934 | 1,296 | 1,842 | 2,001 | |
Income before income tax expense | 1,354 | 1,314 | 2,636 | 2,134 | |
Income tax expense | 474 | 460 | 923 | 747 | |
Net income | 880 | 854 | 1,713 | 1,387 | |
Total assets | 71,563 | 64,419 | 71,563 | 64,419 | |
Other intangible assets, net | 0 | 0 | 0 | 0 | |
Goodwill | $ 0 | $ 0 | $ 0 | $ 0 |