Document And Entity Information
Document And Entity Information - shares | 9 Months Ended | |
Sep. 30, 2016 | Nov. 01, 2016 | |
Document Information [Line Items] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Sep. 30, 2016 | |
Document Fiscal Year Focus | 2,016 | |
Document Fiscal Period Focus | Q3 | |
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 | 34,919,974 |
CONSOLIDATED BALANCE SHEETS
CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Sep. 30, 2016 | Dec. 31, 2015 | Sep. 30, 2015 |
Assets | |||
Cash and due from banks | $ 123,270 | $ 118,518 | $ 114,396 |
Federal funds sold and interest-bearing accounts | 90,801 | 272,045 | 120,925 |
Investment securities available for sale, at fair value | 838,124 | 783,185 | 811,385 |
Other investments | 24,578 | 9,323 | 9,322 |
Mortgage loans held for sale, at fair value | 126,263 | 111,182 | 111,807 |
Loans, net of unearned income | 3,091,039 | 2,406,877 | 2,290,649 |
Purchased loans not covered by FDIC loss-share agreements ("purchased non-covered loans") | 1,067,090 | 771,554 | 767,494 |
Purchased loan pools not covered by FDIC loss-share agreements ("purchased loan pools") | 624,886 | 592,963 | 410,072 |
Purchased loans covered by FDIC loss-share agreements ("covered loans") | 62,291 | 137,529 | 191,021 |
Less: allowance for loan losses | (22,963) | (21,062) | (22,471) |
Loans, net | 4,822,343 | 3,887,861 | 3,636,765 |
Other real estate owned, net | 10,392 | 16,147 | 20,730 |
Purchased, non-covered other real estate owned, net | 14,126 | 14,333 | 11,538 |
Covered other real estate owned, net | 1,000 | 5,011 | 12,203 |
Total other real estate owned, net | 25,518 | 35,491 | 44,471 |
Premises and equipment, net | 122,191 | 121,639 | 124,756 |
FDIC loss-share receivable, net | 0 | 6,301 | 4,506 |
Other intangible assets, net | 18,472 | 17,058 | 18,218 |
Goodwill | 122,545 | 90,082 | 87,701 |
Cash value of bank owned life insurance | 77,637 | 64,251 | 59,894 |
Other assets | 101,753 | 72,004 | 72,154 |
Total assets | 6,493,495 | 5,588,940 | 5,216,300 |
Liabilities | |||
Noninterest-bearing | 1,563,316 | 1,329,857 | 1,275,800 |
Interest-bearing | 3,742,782 | 3,549,433 | 3,254,723 |
Total deposits | 5,306,098 | 4,879,290 | 4,530,523 |
Securities sold under agreements to repurchase | 42,647 | 63,585 | 51,506 |
FDIC loss-share payable, net | 7,775 | 0 | 0 |
Other borrowings | 373,461 | 39,000 | 39,000 |
Other liabilities | 37,033 | 22,432 | 23,371 |
Subordinated deferrable interest debentures | 83,898 | 69,874 | 69,600 |
Total liabilities | 5,850,912 | 5,074,181 | 4,714,000 |
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; 36,347,637; 33,625,162 and 33,609,894 issued | 36,348 | 33,625 | 33,610 |
Capital surplus | 409,630 | 337,349 | 336,599 |
Retained earnings | 199,769 | 152,820 | 140,282 |
Accumulated other comprehensive income | 10,449 | 3,353 | 4,197 |
Treasury stock, at cost, 1,456,333; 1,413,777 and 1,413,777 shares | (13,613) | (12,388) | (12,388) |
Total stockholders’ equity | 642,583 | 514,759 | 502,300 |
Total liabilities and stockholders’ equity | $ 6,493,495 | $ 5,588,940 | $ 5,216,300 |
CONSOLIDATED BALANCE SHEETS _Pa
CONSOLIDATED BALANCE SHEETS [Parenthetical] - $ / shares | Sep. 30, 2016 | Dec. 31, 2015 | Sep. 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 | 36,347,637 | 33,625,162 | 33,609,894 |
Treasury Stock, Shares | 1,456,333 | 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 | 9 Months Ended | ||
Sep. 30, 2016 | Sep. 30, 2015 | Sep. 30, 2016 | Sep. 30, 2015 | |
Interest income | ||||
Interest and fees on loans | $ 57,322 | $ 45,775 | $ 160,677 | $ 124,231 |
Interest on taxable securities | 4,336 | 4,694 | 13,476 | 11,594 |
Interest on nontaxable securities | 397 | 480 | 1,297 | 1,411 |
Interest on deposits in other banks and federal funds sold | 155 | 246 | 659 | 556 |
Total interest income | 62,210 | 51,195 | 176,109 | 137,792 |
Interest expense | ||||
Interest on deposits | 3,074 | 2,521 | 8,730 | 7,065 |
Interest on other borrowings | 2,069 | 1,275 | 5,287 | 3,808 |
Total interest expense | 5,143 | 3,796 | 14,017 | 10,873 |
Net interest income | 57,067 | 47,399 | 162,092 | 126,919 |
Provision for loan losses | 811 | 986 | 2,381 | 4,711 |
Net interest income after provision for loan losses | 56,256 | 46,413 | 159,711 | 122,208 |
Noninterest income | ||||
Service charges on deposit accounts | 11,358 | 10,766 | 31,709 | 24,346 |
Mortgage banking activity | 14,067 | 10,404 | 38,420 | 28,214 |
Other service charges, commissions and fees | 791 | 1,145 | 2,869 | 2,642 |
Gain on sale of securities | 0 | 115 | 94 | 137 |
Other noninterest income | 2,648 | 2,548 | 8,437 | 7,840 |
Total noninterest income | 28,864 | 24,978 | 81,529 | 63,179 |
Noninterest expense | ||||
Salaries and employee benefits | 27,982 | 24,934 | 81,700 | 68,031 |
Occupancy and equipment expense | 5,989 | 5,915 | 18,060 | 15,278 |
Advertising and marketing expense | 1,249 | 667 | 2,908 | 2,141 |
Amortization of intangible assets | 993 | 1,321 | 3,332 | 2,581 |
Data processing and communications costs | 6,185 | 5,329 | 18,347 | 13,803 |
Credit resolution-related expenses | 1,526 | 1,083 | 5,089 | 15,484 |
Merger and conversion charges | 0 | 446 | 6,359 | 6,173 |
Other noninterest expenses | 9,275 | 8,701 | 25,363 | 22,596 |
Total noninterest expense | 53,199 | 48,396 | 161,158 | 146,087 |
Income before income tax expense | 31,921 | 22,995 | 80,082 | 39,300 |
Income tax expense | 10,364 | 7,368 | 26,159 | 12,601 |
Net income | 21,557 | 15,627 | 53,923 | 26,699 |
Other comprehensive income (loss) | ||||
Unrealized holding gains (losses) arising during period on investment securities available for sale, net of tax (benefit) of ($1,481), $936, $4,160 and ($615) | (2,752) | 1,739 | 7,724 | (1,143) |
Reclassification adjustment for gains included in earnings, net of tax of $0, $40, $33 and $48 | 0 | (75) | (61) | (89) |
Unrealized gains (losses) on cash flow hedges arising during period, net of tax (benefit) of $130, ($290), ($306) and ($360) | 241 | (539) | (567) | (669) |
Other comprehensive income (loss) | (2,511) | 1,125 | 7,096 | (1,901) |
Total comprehensive income (loss) | $ 19,046 | $ 16,752 | $ 61,019 | $ 24,798 |
Basic earnings per common share | $ 0.62 | $ 0.49 | $ 1.58 | $ 0.84 |
Diluted earnings per common share | 0.61 | 0.48 | 1.56 | 0.84 |
Dividends declared per common share | $ 0.1 | $ 0.05 | $ 0.2 | $ 0.15 |
Weighted average common shares outstanding | ||||
Basic | 34,870 | 32,195 | 34,156 | 31,614 |
Diluted | 35,195 | 32,553 | 34,470 | 31,962 |
CONSOLIDATED STATEMENTS OF EAR5
CONSOLIDATED STATEMENTS OF EARNINGS AND COMPREHENSIVE INCOME/(LOSS) [Parenthetical] - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2016 | Sep. 30, 2015 | Sep. 30, 2016 | Sep. 30, 2015 | |
Unrealized holding gains (losses) arising during period on investment securities available for sale, net of tax (benefit) | $ (1,481) | $ 936 | $ 4,160 | $ (615) |
Reclassification adjustment for gains included in earnings, net of tax | 0 | 40 | 33 | 48 |
Unrealized gains (losses) on cash flow hedges arising during the period, net of tax (benefit) | $ 130 | $ 290 | $ 306 | $ 360 |
CONSOLIDATED STATEMENTS OF CHAN
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) | 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 | $ 28,159,000 | $ 225,015,000 | $ 118,412,000 | $ 6,098,000 | $ (11,656,000) | |
Balance at beginning of period, shares at Dec. 31, 2014 | 28,159,027 | (1,385,164) | ||||
Issuance of common stock | $ 5,320,000 | 109,569,000 | ||||
Issuance of common stock ,shares | 5,320,000 | |||||
Issuance of restricted shares | $ 71,000 | (71,000) | ||||
Issuance of restricted shares, shares | 71,000 | |||||
Cancellation of restricted shares | $ 0 | 0 | ||||
Cancellation of restricted shares, shares | 0 | |||||
Proceeds from exercise of stock options | $ 60,000 | 946,000 | ||||
Proceeds from exercise of stock options, shares | 59,867 | |||||
Stock-based compensation | 1,140,000 | |||||
Dividends on common shares | (4,829,000) | |||||
Purchase of treasury shares | $ (732,000) | |||||
Purchase of treasury shares,shares | (28,613) | |||||
Net income | $ 26,699,000 | 26,699,000 | ||||
Other comprehensive income during the period | (1,901,000) | (1,901) | ||||
Balance at end of period at Sep. 30, 2015 | 502,300,000 | $ 33,610,000 | 336,599,000 | 140,282,000 | 4,197,000 | $ (12,388,000) |
Balance at end of period, shares at Sep. 30, 2015 | 33,609,894 | (1,413,777) | ||||
Balance at beginning of period at Dec. 31, 2015 | 514,759,000 | $ 33,625,000 | 337,349,000 | 152,820,000 | 3,353,000 | $ (12,388,000) |
Balance at beginning of period, shares at Dec. 31, 2015 | 33,625,162 | (1,413,777) | ||||
Issuance of common stock | $ 2,549,000 | 69,906,000 | ||||
Issuance of common stock ,shares | 2,549,469 | |||||
Issuance of restricted shares | $ 126,000 | (126,000) | ||||
Issuance of restricted shares, shares | 125,581 | |||||
Cancellation of restricted shares | $ (7,000) | 7,000 | ||||
Cancellation of restricted shares, shares | (7,085) | |||||
Proceeds from exercise of stock options | $ 55,000 | 908,000 | ||||
Proceeds from exercise of stock options, shares | 54,510 | |||||
Stock-based compensation | 1,586,000 | |||||
Dividends on common shares | (6,974,000) | |||||
Purchase of treasury shares | $ (1,225,000) | |||||
Purchase of treasury shares,shares | (42,556) | |||||
Net income | 53,923,000 | 53,923,000 | ||||
Other comprehensive income during the period | 7,096,000 | 7,096,000 | ||||
Balance at end of period at Sep. 30, 2016 | $ 642,583,000 | $ 36,348,000 | $ 409,630,000 | $ 199,769,000 | $ 10,449,000 | $ (13,613,000) |
Balance at end of period, shares at Sep. 30, 2016 | 36,347,637 | (1,456,333) |
CONSOLIDATED STATEMENTS OF CHA7
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY [Parenthetical] - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2016 | Sep. 30, 2015 | |
Net issuance cost | $ 0 | $ 4,811 |
CONSOLIDATED STATEMENTS OF CASH
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2016 | Sep. 30, 2015 | Sep. 30, 2016 | Sep. 30, 2015 | Dec. 31, 2015 | |
Cash flows from operating activities: | |||||
Net income | $ 21,557 | $ 15,627 | $ 53,923 | $ 26,699 | |
Adjustments reconciling net income to net cash provided by operating activities: | |||||
Depreciation | 7,041 | 5,735 | |||
Amortization of intangible assets | 993 | 1,321 | 3,332 | 2,581 | |
Net amortization of investment securities available for sale | 5,086 | 4,397 | |||
Amortization Of Purchased Loan Pools | 4,149 | 0 | |||
Net Accretion Of Other Borrowings | (57) | 0 | |||
Amortization Of Subordinated Deferrable Interest Debentures | 1,123 | 769 | |||
Net gains on securities available for sale | 0 | (115) | (94) | (137) | |
Stock based compensation expense | 1,586 | 1,140 | |||
Net losses on sale or disposal of premises and equipment | 112 | 83 | |||
Net write-downs and losses on sale of other real estate owned | 1,844 | 12,193 | |||
Provision for loan losses | 811 | 986 | 2,381 | 4,711 | $ 5,264 |
Accretion of discount on covered loans | (2,855) | (8,105) | |||
Accretion of discount on purchased non-covered loans | (10,071) | (8,055) | |||
Changes in FDIC loss-share receivable/payable, net of cash payments received | 10,277 | 7,756 | |||
Increase in cash surrender value of BOLI | (1,318) | (1,027) | |||
Originations of mortgage loans held for sale | (1,051,812) | (784,548) | |||
Payments received on mortgage loans held for sale | 1,167 | 1,002 | |||
Proceeds from sales of mortgage loans held for sale | 982,898 | 747,507 | |||
Net gains on sale of mortgage loans held for sale | (41,935) | (30,427) | |||
Originations of SBA loans | (57,462) | (41,116) | |||
Proceeds from sales of SBA loans | 21,656 | 29,381 | |||
Net gains on sale of SBA loans | (3,054) | (3,158) | |||
Change attributable to other operating activities | 9,833 | 14,630 | |||
Net cash provided by (used in) operating activities | (62,250) | (17,989) | |||
Cash flows from investing activities: | |||||
Purchase of securities available for sale | (134,786) | (246,090) | |||
Proceeds from maturities of securities available for sale | 93,513 | 64,390 | |||
Proceeds from sales of securities available for sale | 53,026 | 69,208 | 72,528 | ||
Decrease (increase) in other investments, net | (13,050) | 1,825 | |||
Net increase in loans, excluding purchased non-covered and covered loans | (556,182) | (349,541) | |||
Purchases of non-covered loan pools | (151,481) | (422,956) | |||
Payments received on purchased non-covered loans | 158,700 | 123,311 | |||
Payments received on purchased loan pools | 115,409 | 12,884 | |||
Payments received on covered loans | 27,619 | 60,930 | |||
Purchases of premises and equipment | (8,250) | (11,057) | |||
Proceeds from sales of premises and equipment | 207 | 282 | |||
Proceeds from sales of other real estate owned | 18,329 | 33,460 | |||
Payments received from FDIC under loss-share agreements | 4,770 | 19,089 | |||
Net cash proceeds received (paid) from acquisitions | (7,205) | 673,840 | |||
Net cash provided by (used in) investing activities | (399,381) | 29,575 | |||
Cash flows from financing activities: | |||||
Net increase (decrease) in deposits | 25,448 | 46,315 | |||
Net decrease in securities sold under agreements to repurchase | (20,938) | (63,392) | |||
Proceeds from other borrowings | 339,500 | 0 | |||
Repayment of other borrowings | (53,513) | (39,881) | |||
Dividends paid - common stock | (5,096) | (4,829) | |||
Purchase of treasury shares | (1,225) | (732) | |||
Issuance of common stock | 0 | 114,889 | |||
Proceeds from exercise of stock options | 963 | 1,006 | |||
Net cash provided by (used in) financing activities | 285,139 | 53,376 | |||
Net increase (decrease) in cash and cash equivalents | (176,492) | 64,962 | |||
Cash and cash equivalents at beginning of period | 390,563 | 170,359 | 170,359 | ||
Cash and cash equivalents at end of period | $ 214,071 | $ 235,321 | 214,071 | 235,321 | $ 390,563 |
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION | |||||
Cash paid during the year for: Interest | 13,791 | 11,106 | |||
Cash paid during the year for: Income taxes | 30,969 | 2,739 | |||
Loans (excluding purchased non-covered and covered loans) transferred to other real estate owned | 2,101 | 9,838 | |||
Purchased non-covered loans transferred to other real estate owned | 3,871 | 2,565 | |||
Covered loans transferred to other real estate owned | 2,391 | 6,909 | |||
Loans provided for the sales of other real estate owned | 1,471 | 4,996 | |||
Change in unrealized gain on securities available for sale, net of tax | 7,724 | (1,143) | |||
Change in unrealized loss on cash flow hedge (interest rate swap), net of tax | (567) | (669) | |||
Issuance of common stock in acquisitions | $ 72,455 | $ 0 |
BASIS OF PRESENTATION AND ACCOU
BASIS OF PRESENTATION AND ACCOUNTING POLICIES | 9 Months Ended |
Sep. 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 September 30, 2016, the Bank operated 99 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 September 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. Recent Accounting Pronouncements ASU 2016-13 - Financial InstrumentsCredit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments 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 2015-02 “ Consolidation (Topic 810) - Amendments to the Consolidation Analysis . ASU 2015-01- Income Statement Extraordinary and Unusual Items ASU 2014-09 Revenue from Contracts with Customers |
BUSINESS COMBINATIONS
BUSINESS COMBINATIONS | 9 Months Ended |
Sep. 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 0.5861 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. 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 As Recorded Initial Fair Subsequent Fair As Recorded (Dollars in Thousands) JAXB Adjustments Adjustments by Ameris 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) 1,857 (j) 402,942 Less allowance for loan losses (12,613) 12,613 (c) - - Loans, net 404,218 (3,133) 1,857 402,942 Other real estate owned 2,873 (1,035) (d) - 1,838 Premises and equipment 4,798 - (31) (k) 4,767 Intangible assets 288 5,566 (e) (1,108) (l) 4,746 Other assets 14,141 23,266 (f) (1,841) (m) 35,566 Total assets $ 506,343 $ 23,722 $ (1,123) $ 528,942 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 (1,123) 63,894 Goodwill - 31,375 1,123 32,498 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. (j) Adjustment reflects additional recording of fair value adjustment of the acquired loan portfolio. (k) Adjustment reflects recording of fair value adjustment of the premises and equipment. (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. Goodwill of $ 32.5 In the acquisition, the Company purchased $ 402.9 13.9 3.33 28.3 (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 Best Estimate Gross at Acquisition Contractual Date of Amounts Contractual Fair Value of Receivable at Cash Flows Acquired Loans at Acquisition Not Expected Acquisition Date Date to be Collected (Dollars in Thousands) Acquired receivables subject to ASC 310-30 $ 28,255 $ 42,314 $ 7,877 Acquired receivables not subject to ASC 310-30 $ 374,687 $ 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 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 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. Upon consummation of the stock purchase, Merchants was merged with and into the Company, with Ameris as the surviving entity in the merger. At that time, Merchants’ wholly owned banking subsidiary, Merchants and Southern Bank, was also merged with and into the Bank. The acquisition grew the Company’s existing market presence, as Merchants and Southern Bank had a total of 13 The acquisition of Merchants 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 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 (553) (a) (639) (j) 163,229 Other investments 872 - (253) (k) 619 Loans 199,955 (8,500) (b) 91 (l) 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) (m) 3,943 Other assets 2,333 2,335 (g) (1,109) (n) 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 (o) 327,700 Total deposits 407,820 - 41,588 449,408 Federal funds purchased and securities sold under agreements to repurchase 41,588 - (41,588) (o) - 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 additional recording of fair value adjustment of the acquired loan portfolio. (m) Adjustment reflects adjustment to the core deposit intangible on the acquired core deposit accounts. (n) 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. (o) 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. 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 Nine Months Ended 2016 2015 2016 2015 Net interest income and noninterest income $ 85,931 $ 77,325 $ 247,697 $ 210,556 Net income $ 21,557 $ 17,076 $ 54,658 $ 32,621 Net income available to common stockholders $ 21,557 $ 17,076 $ 54,658 $ 32,621 Income per common share available to common stockholders basic $ 0.62 $ 0.49 $ 1.57 $ 0.95 Income per common share available to common stockholders diluted $ 0.61 $ 0.49 $ 1.56 $ 0.95 Average number of shares outstanding, basic 34,870 34,744 34,817 34,163 Average number of shares outstanding, diluted 35,195 35,102 35,131 34,511 (Dollars in Thousands) September 30, December 31, September 30, Balance, January 1 $ 771,554 $ 674,239 $ 674,239 Charge-offs, net of recoveries (904) (991) (814) Additions due to acquisitions 402,942 195,818 195,818 Accretion 10,071 10,590 8,055 Transfers to purchased non-covered other real estate owned (3,871) (4,473) (2,565) Transfer from covered loans due to loss-share expiration 45,908 50,568 15,462 Payments received (158,700) (154,666) (123,311) Other 90 469 610 Ending balance $ 1,067,090 $ 771,554 $ 767,494 (Dollars in Thousands) September December 31, September 30, Balance, January 1 $ 24,785 $ 25,716 $ 25,716 Additions due to acquisitions 9,991 5,788 4,686 Accretion (10,071) (10,590) (8,055) Transfer from covered loans due to loss-share expiration 3,457 1,665 - Accretable discounts removed due to charge-offs (161) (1,768) (1,686) Transfers between non-accretable and accretable discounts, net 2,263 3,974 (106) Ending balance $ 30,264 $ 24,785 $ 20,555 |
INVESTMENT SECURITIES
INVESTMENT SECURITIES | 9 Months Ended |
Sep. 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) September 30, 2016: U.S. government agencies $ 999 $ 29 $ (0) $ 1,028 State, county and municipal securities 150,083 5,939 (28) 155,994 Corporate debt securities 28,924 194 (20) 29,098 Mortgage-backed securities 641,404 10,917 (317) 652,004 Total debt securities $ 821,410 $ 17,079 $ (365) $ 838,124 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 September 30, 2015: U.S. government agencies $ 14,957 $ 26 $ (15) $ 14,968 State, county and municipal securities 161,509 3,875 (519) 164,865 Corporate debt securities 5,901 150 (19) 6,032 Mortgage-backed securities 622,313 5,208 (2,001) 625,520 Total debt securities $ 804,680 $ 9,259 $ (2,554) $ 811,385 Amortized Fair (Dollars in Thousands) Due in one year or less $ 5,260 $ 5,312 Due from one year to five years 63,450 65,135 Due from five to ten years 56,521 59,169 Due after ten years 54,775 56,504 Mortgage-backed securities 641,404 652,004 $ 821,410 $ 838,124 Securities with a carrying value of approximately $ 416.8 551.0 381.9 Less Than 12 Months 12 Months or More Total Description of Securities Fair Unrealized Fair Unrealized Fair Unrealized (Dollars in Thousands) September 30, 2016: U.S. government agencies $ - $ - $ - $ - $ - $ - State, county and municipal securities 4,398 (17) 1,634 (11) 6,032 (28) Corporate debt securities 3,012 (5) 487 (15) 3,499 (20) Mortgage-backed securities 66,920 (195) 12,519 (122) 79,439 (317) Total debt securities $ 74,330 $ (217) $ 14,640 $ (148) $ 88,970 $ (365) 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) September 30, 2015: U.S. government agencies $ - $ - $ 4,985 $ (15) $ 4,985 $ (15) State, county and municipal securities 28,339 (297) 10,451 (222) 38,790 (519) Corporate debt securities 894 (19) - - 894 (19) Mortgage-backed securities 213,439 (1,184) 30,708 (817) 244,147 (2,001) Total debt securities $ 242,672 $ (1,500) $ 46,144 $ (1,054) $ 288,816 $ (2,554) As of September 30, 2016, the Company’s securities portfolio consisted of 414 28 At September 30, 2016, the Company held 23 At September 30, 2016, the Company held three state, county and municipal securities and two 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 September 30, 2016. During the first nine 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 September 30, 2016, December 31, 2015 or September 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 September 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 September 30, 2016, these investments are not considered impaired on an other-than-temporary basis. At September 30, 2016, December 31, 2015 and September 30, 2015, all of the Company’s mortgage-backed securities were obligations of government-sponsored agencies. September 30, December 31, September 30, (Dollars in Thousands) Gross gains on sales of securities $ 312 $ 396 $ 396 Gross losses on sales of securities (218) (259) (259) Net realized gains on sales of securities available for sale $ 94 $ 137 $ 137 Sales proceeds $ 53,026 $ 72,528 $ 69,208 |
LOANS
LOANS | 9 Months Ended |
Sep. 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. During the third quarter of 2016, the Bank began purchasing from an unrelated third party consumer installment home improvement loans made to borrowers throughout the United States. The Bank also purchased residential mortgage 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 and municipal 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 home improvement loans, 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) September 30, December 31, September 30, Commercial, financial and agricultural $ 625,947 $ 449,623 $ 427,747 Real estate construction and development 328,308 244,693 220,798 Real estate commercial and farmland 1,297,582 1,104,991 1,067,828 Real estate residential 766,933 570,430 532,285 Consumer installment 68,305 31,125 31,299 Other 3,964 6,015 10,692 $ 3,091,039 $ 2,406,877 $ 2,290,649 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 $ 1.07 771.6 767.5 (Dollars in Thousands) September 30, December 31, September 30, Commercial, financial and agricultural $ 99,596 $ 45,462 $ 42,350 Real estate construction and development 86,099 72,080 71,109 Real estate commercial and farmland 590,388 390,755 385,032 Real estate residential 286,169 258,153 263,312 Consumer installment 4,838 5,104 5,691 $ 1,067,090 $ 771,554 $ 767,494 Purchased loan pools are defined as groups of residential mortgage loans that were not acquired in bank acquisitions or FDIC-assisted transactions. As of September 30, 2016, purchased loan pools totaled $ 624.9 614.4 10.5 593.0 580.7 12.3 410.1 402.1 8.0 864,000 2.0 581,000 402,000 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 $ 62.3 137.5 191.0 (Dollars in Thousands) September 30, December 31, September 30, Commercial, financial and agricultural $ 830 $ 5,546 $ 13,349 Real estate construction and development 3,220 7,612 14,266 Real estate commercial and farmland 13,688 71,226 103,399 Real estate residential 44,457 53,038 59,835 Consumer installment 96 107 172 $ 62,291 $ 137,529 $ 191,021 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) September 30, December 31, September 30, Commercial, financial and agricultural $ 1,313 $ 1,302 $ 1,995 Real estate construction and development 1,255 1,812 1,753 Real estate commercial and farmland 7,485 7,019 11,645 Real estate residential 5,999 6,278 4,810 Consumer installment 518 449 355 $ 16,570 $ 16,860 $ 20,558 (Dollars in Thousands) September 30, December 31, September 30, Commercial, financial and agricultural $ 744 $ 1,064 $ 214 Real estate construction and development 2,403 1,106 916 Real estate commercial and farmland 7,796 4,920 4,728 Real estate residential 7,012 6,168 5,464 Consumer installment 38 72 52 $ 17,993 $ 13,330 $ 11,374 (Dollars in Thousands) September 30, December 31, September 30, Commercial, financial and agricultural $ 128 $ 2,803 $ 7,916 Real estate construction and development 60 1,701 2,934 Real estate commercial and farmland 1,540 5,034 18,164 Real estate residential 4,078 3,663 3,979 Consumer installment 28 37 91 $ 5,834 $ 13,238 $ 33,084 The following table presents an analysis of past-due loans, excluding purchased non-covered and covered past-due loans as of September 30, 2016, December 31, 2015 and September 30, 2015: Loans Loans Loans 90 Total Current Total Loans 90 (Dollars in Thousands) As of September 30, 2016: Commercial, financial & agricultural $ 798 $ 336 $ 1,134 $ 2,268 $ 623,679 $ 625,947 $ - Real estate construction & development 5,320 177 1,136 6,633 321,675 328,308 - Real estate commercial & farmland 2,726 199 5,788 8,713 1,288,869 1,297,582 - Real estate residential 2,890 802 5,035 8,727 758,206 766,933 - Consumer installment loans 513 174 309 996 67,309 68,305 - Other - - - - 3,964 3,964 - Total $ 12,247 $ 1,688 $ 13,402 $ 27,337 $ 3,063,702 $ 3,091,039 $ - Loans Loans Loans 90 Total Current Total Loans 90 (Dollars in Thousands) As of December 31, 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 September 30, 2015: Commercial, financial & agricultural $ 781 $ 714 $ 1,799 $ 3,294 $ 424,453 $ 427,747 $ - Real estate construction & development 1,184 417 1,753 3,354 217,444 220,798 - Real estate commercial & farmland 4,275 399 8,082 12,756 1,055,072 1,067,828 - Real estate residential 6,424 1,558 4,247 12,229 520,056 532,285 - Consumer installment loans 326 82 227 635 30,664 31,299 - Other - - - - 10,692 10,692 - Total $ 12,990 $ 3,170 $ 16,108 $ 32,268 $ 2,258,381 $ 2,290,649 $ - Loans Loans Loans 90 Total Current Total Loans 90 (Dollars in Thousands) As of September 30, 2016: Commercial, financial & agricultural $ 244 $ - $ 624 $ 868 $ 98,728 $ 99,596 $ - Real estate construction & development 1,082 233 2,070 3,385 82,714 86,099 - Real estate commercial & farmland 1,806 599 6,369 8,774 581,614 590,388 - Real estate residential 1,481 2,144 5,379 9,004 277,165 286,169 - Consumer installment loans 33 267 38 338 4,500 4,838 - Total $ 4,646 $ 3,243 $ 14,480 $ 22,369 $ 1,044,721 $ 1,067,090 $ - Loans Loans Loans 90 Total Current Total Loans 90 (Dollars in Thousands) As of December 31, 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 September 30, 2015: Commercial, financial & agricultural $ 140 $ 11 $ 112 $ 263 $ 42,087 $ 42,350 $ - Real estate construction & development 322 - 459 781 70,328 71,109 - Real estate commercial & farmland 2,681 613 3,391 6,685 378,347 385,032 - Real estate residential 3,822 1,672 4,901 10,395 252,917 263,312 - Consumer installment loans 5 - 49 54 5,637 5,691 - Total $ 6,970 $ 2,296 $ 8,912 $ 18,178 $ 749,316 $ 767,494 $ - Loans Loans Loans 90 Total Current Total Loans 90 (Dollars in Thousands) As of September 30, 2016: Commercial, financial & agricultural $ - $ - $ 128 $ 128 $ 702 $ 830 $ - Real estate construction & development 114 4 - 118 3,102 3,220 - Real estate commercial & farmland 906 - 1 907 12,781 13,688 - Real estate residential 1,047 943 2,589 4,579 39,878 44,457 - Consumer installment loans - - - - 96 96 - Total $ 2,067 $ 947 $ 2,718 $ 5,732 $ 56,559 $ 62,291 $ - Loans Loans Loans 90 Total Current Total Loans 90 (Dollars in Thousands) As of December 31, 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 September 30, 2015: Commercial, financial & agricultural $ 40 $ 48 $ 7,886 $ 7,974 $ 5,375 $ 13,349 $ - Real estate construction & development 1,548 68 2,408 4,024 10,242 14,266 - Real estate commercial & farmland 1,003 550 6,573 8,126 95,273 103,399 - Real estate residential 2,612 783 2,140 5,535 54,300 59,835 - Consumer installment loans - - 49 49 123 172 - Total $ 5,203 $ 1,449 $ 19,056 $ 25,708 $ 165,313 $ 191,021 $ - Impaired Loans Loans are considered impaired when, based on current information and events, it is probable the Company will be unable to collect all amounts due in accordance with the original contractual terms of the loan agreements. Impaired loans include loans on nonaccrual status and accruing troubled debt restructurings. When determining if the Company will be unable to collect all principal and interest payments due in accordance with the contractual terms of the loan agreement, the Company considers the borrower’s capacity to pay, which includes such factors as the borrower’s current financial statements, an analysis of global cash flow sufficient to pay all debt obligations and an evaluation of secondary sources of repayment, such as guarantor support and collateral value. The Company individually assesses for impairment all nonaccrual loans greater than $ 100,000 100,000 As of and For the Period Ended September 30, December 31, September 30, (Dollars in Thousands) Nonaccrual loans $ 16,570 $ 16,860 $ 20,558 Troubled debt restructurings not included above 14,013 14,418 12,075 Total impaired loans $ 30,583 $ 31,278 $ 32,633 Quarter-to-date interest income recognized on impaired loans $ 252 $ 274 $ 241 Year-to-date interest income recognized on impaired loans $ 808 $ 909 $ 635 Quarter-to-date foregone interest income on impaired loans $ 239 $ 265 $ 309 Year-to-date foregone interest income on impaired loans $ 710 $ 1,204 $ 939 The following table presents an analysis of information pertaining to impaired loans, excluding purchased non-covered and covered loans as of September 30, 2016, December 31, 2015 and September 30, 2015: Unpaid Recorded Recorded Total Related Three Nine (Dollars in Thousands) As of September 30, 2016: Commercial, financial & agricultural $ 2,568 $ 252 $ 1,114 $ 1,366 $ 118 $ 1,736 $ 1,640 Real estate construction & development 2,972 - 1,946 1,946 537 2,001 2,214 Real estate commercial & farmland 14,015 5,499 7,520 13,019 873 12,776 12,837 Real estate residential 14,350 2,046 11,667 13,713 2,648 13,686 13,516 Consumer installment loans 586 - 539 539 6 492 479 Total $ 34,491 $ 7,797 $ 22,786 $ 30,583 $ 4,182 $ 30,691 $ 30,686 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 Nine (Dollars in Thousands) As of September 30, 2015: Commercial, financial & agricultural $ 3,761 $ 471 $ 1,762 $ 2,233 $ 528 $ 3,289 $ 2,458 Real estate construction & development 3,757 230 2,361 2,591 731 2,503 3,384 Real estate commercial & farmland 18,652 5,870 11,494 17,364 1,635 16,459 15,684 Real estate residential 11,549 1,752 8,266 10,018 1,872 10,185 11,509 Consumer installment loans 524 - 426 426 7 483 487 Total $ 38,243 $ 8,323 $ 24,309 $ 32,632 $ 4,773 $ 32,919 $ 33,522 As of and For the Period Ended September 30, December 31, September 30, (Dollars in Thousands) Nonaccrual loans $ 17,993 $ 13,330 $ 11,374 Troubled debt restructurings not included above 9,294 9,373 7,188 Total impaired loans $ 27,287 $ 22,703 $ 18,562 Quarter-to-date interest income recognized on impaired loans $ 1,339 $ 442 $ 158 Year-to-date interest income recognized on impaired loans $ 1,885 $ 785 $ 342 Quarter-to-date foregone interest income on impaired loans $ 264 $ 245 $ 198 Year-to-date foregone interest income on impaired loans $ 883 $ 1,365 $ 1,121 The following table presents an analysis of information pertaining to purchased non-covered impaired loans as of September 30, 2016, December 31, 2015 and September 30, 2015: Unpaid Recorded Recorded Total Related Three Nine (Dollars in Thousands) As of September 30, 2016: Commercial, financial & agricultural $ 4,801 $ 520 $ 225 $ 745 $ - $ 710 $ 787 Real estate construction & development 23,284 233 2,699 2,932 183 2,306 2,053 Real estate commercial & farmland 34,021 1,778 11,858 13,636 380 13,310 13,732 Real estate residential 12,458 2,705 7,227 9,932 722 9,685 9,163 Consumer installment loans 55 42 - 42 - 43 64 Total $ 74,619 $ 5,278 $ 22,009 $ 27,287 $ 1,285 $ 26,054 $ 25,799 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 Nine (Dollars in Thousands) As of September 30, 2015: Commercial, financial & agricultural $ 1,137 $ 214 $ - $ 214 $ - $ 262 $ 224 Real estate construction & development 9,211 1,268 - 1,268 - 1,563 1,419 Real estate commercial & farmland 13,399 8,799 - 8,799 - 11,245 10,724 Real estate residential 12,443 8,224 - 8,224 - 8,255 7,845 Consumer installment loans 74 57 - 57 - 76 63 Total $ 36,264 $ 18,562 $ - $ 18,562 $ - $ 21,402 $ 20,275 As of and For the Period Ended September 30, December 31, September 30, (Dollars in Thousands) Nonaccrual loans $ 5,834 $ 13,238 $ 33,084 Troubled debt restructurings not included above 11,823 13,283 16,576 Total impaired loans $ 17,657 $ 26,521 $ 49,660 Quarter-to-date interest income recognized on impaired loans $ 154 $ 154 $ 268 Year-to-date interest income recognized on impaired loans $ 493 $ 886 $ 732 Quarter-to-date foregone interest income on impaired loans $ 82 $ 181 $ 468 Year-to-date foregone interest income on impaired loans $ 400 $ 1,596 $ 1,416 The following table presents an analysis of information pertaining to covered impaired loans as of September 30, 2016, December 31, 2015 and September 30, 2015: Unpaid Recorded Recorded Total Related Three Nine (Dollars in Thousands) As of September 30, 2016: Commercial, financial & agricultural $ 296 $ 128 $ - $ 128 $ - $ 128 $ 1,464 Real estate construction & development 969 63 810 873 1 1,640 2,022 Real estate commercial & farmland 7,077 83 3,258 3,341 22 4,886 5,837 Real estate residential 14,450 4,768 8,513 13,281 213 13,418 13,730 Consumer installment loans 43 34 - 34 - 37 41 Total $ 22,835 $ 5,076 $ 12,581 $ 17,657 $ 236 $ 20,109 $ 23,094 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 Nine (Dollars in Thousands) As of September 30, 2015: Commercial, financial & agricultural $ 11,794 $ 7,918 $ - $ 7,918 $ - $ 8,625 $ 8,560 Real estate construction & development 29,596 5,780 - 5,780 - 6,166 8,013 Real estate commercial & farmland 41,724 21,265 - 21,265 - 20,697 21,380 Real estate residential 18,097 14,605 - 14,605 - 14,881 16,465 Consumer installment loans 126 92 - 92 - 101 96 Total $ 101,337 $ 49,660 $ - $ 49,660 $ - $ 50,470 $ 54,514 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 $ 381,814 $ - $ 9,053 $ 127 $ 7,787 $ - $ 398,781 15 23,627 6,732 105,298 54,346 386 - 190,389 20 105,573 41,759 835,021 596,886 24,870 3,964 1,608,073 23 372 7,126 8,719 6,530 16 - 22,763 25 108,887 266,728 299,714 87,480 34,339 - 797,148 30 967 3,087 23,457 4,165 88 - 31,764 40 4,707 2,876 16,320 17,399 819 - 42,121 50 - - - - - - - 60 - - - - - - - Total $ 625,947 $ 328,308 $ 1,297,582 $ 766,933 $ 68,305 $ 3,964 $ 3,091,039 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 September 30, 2015: Risk Commercial, Real estate - Real estate - Real estate - Consumer Other Total (Dollars in Thousands) 10 $ 222,693 $ 294 $ 116 $ 1,490 $ 6,688 $ - $ 231,281 15 23,807 2,150 123,515 83,361 1,352 - 234,185 20 99,414 45,091 645,949 327,576 19,302 10,692 1,148,024 23 645 7,754 11,792 6,240 46 - 26,477 25 75,635 159,944 250,575 90,320 3,168 - 579,642 30 2,378 2,035 9,762 7,811 204 - 22,190 40 3,175 3,530 26,119 15,487 537 - 48,848 50 - - - - 2 - 2 60 - - - - - - - Total $ 427,747 $ 220,798 $ 1,067,828 $ 532,285 $ 31,299 $ 10,692 $ 2,290,649 Risk Commercial, Real estate - Real estate - Real estate - Consumer Other Total (Dollars in Thousands) 10 $ 5,676 $ - $ - $ - $ 867 $ - $ 6,543 15 1,055 - 7,842 32,763 597 - 42,257 20 16,726 7,741 196,901 108,007 1,934 - 331,309 23 - 3,677 11,925 11,902 - - 27,504 25 70,241 63,343 328,657 111,720 1,319 - 575,280 30 4,716 7,609 26,782 5,731 - - 44,838 40 1,182 3,729 18,281 16,046 121 - 39,359 50 - - - - - - - 60 - - - - - - - Total $ 99,596 $ 86,099 $ 590,388 $ 286,169 $ 4,838 $ - $ 1,067,090 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 September 30, 2015: Risk Commercial, Real estate - Real estate - Real estate - Consumer Other Total (Dollars in Thousands) 10 $ 8,741 $ - $ - $ - $ 1,060 $ - $ 9,801 15 1,229 1,805 8,440 38,643 789 - 50,906 20 10,982 13,518 187,329 133,914 2,291 - 348,034 23 - 230 4,079 6,303 - - 10,612 25 17,873 48,137 159,816 63,049 1,397 - 290,272 30 2,379 3,418 12,997 7,609 55 - 26,458 40 1,116 4,001 12,371 13,794 99 - 31,381 50 30 - - - - - 30 60 - - - - - - - Total $ 42,350 $ 71,109 $ 385,032 $ 263,312 $ 5,691 $ - $ 767,494 Risk Commercial, Real estate - Real estate - Real estate - Consumer Other Total (Dollars in Thousands) 10 $ - $ - $ - $ - $ - $ - $ - 15 - - - - - - - 20 23 551 2,203 7,458 - - 10,235 23 23 - 298 4,016 - - 4,337 25 657 2,214 5,757 20,349 15 - 28,992 30 - 357 1,825 3,625 46 - 5,853 40 127 98 3,605 9,009 35 - 12,874 50 - - - - - - - 60 - - - - - - - Total $ 830 $ 3,220 $ 13,688 $ 44,457 $ 96 $ - $ 62,291 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 September 30, 2015: Risk Commercial, Real estate - Real estate - Real estate - Consumer Other Total (Dollars in Thousands) 10 $ - $ - $ - $ - $ - $ - $ - 15 - - 478 115 - - 593 20 327 1,147 16,211 12,304 42 - 30,031 23 53 - 4,783 6,396 - - 11,232 25 4,476 8,241 53,126 27,795 37 - 93,675 30 4,060 1,965 5,539 5,481 - - 17,045 40 4,431 2,913 23,262 7,744 93 - 38,443 50 - - - - - - - 60 2 - - - - - 2 Total $ 13,349 $ 14,266 $ 103,399 $ 59,835 $ 172 $ - $ 191,021 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 nine months of 2016 and 2015 totaling $58.2 million and $ 77.4 As of September 30, 2016, December 31, 2015 and September 30, 2015, the Company had a balance of $ 17.1 16.4 13.9 1.2 1.3 1.3 2.8 2.7 183,000 During the nine months ending September 30, 2016 and 2015, the Company modified loans as troubled debt restructurings, excluding purchased non-covered and covered loans, with principal balances of $ 2.9 4.3 September 30, 2016 September 30, 2015 Balance Balance Loan class: # (in thousands) # (in thousands) Commercial, financial & agricultural 5 $ 59 4 $ 26 Real estate construction & development 2 251 2 15 Real estate commercial & farmland 4 1,658 2 2,125 Real estate residential 7 887 28 2,089 Consumer installment 9 44 13 47 Total 27 $ 2,899 49 $ 4,302 Troubled debt restructurings, excluding purchased non-covered and covered loans, with an outstanding balance of $ 793,000 2.6 September 30, 2016 September 30, 2015 Balance Balance Loan class: # (in thousands) # (in thousands) Commercial, financial & agricultural 5 $ 51 4 $ 18 Real estate construction & development - - 2 34 Real estate commercial & farmland 5 517 5 1,011 Real estate residential 3 219 18 1,473 Consumer installment 2 6 9 32 Total 15 $ 793 38 $ 2,568 As of September 30, 2016 Accruing Loans Non-Accruing Loans Balance Balance Loan class: # (in thousands) # (in thousands) Commercial, financial & agricultural 4 $ 53 14 $ 112 Real estate construction & development 8 691 2 35 Real estate commercial & farmland 17 5,535 5 2,015 Real estate residential 53 7,713 19 849 Consumer installment 7 21 29 120 Total 89 $ 14,013 69 $ 3,131 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 September 30, 2015 Accruing Loans Non-Accruing Loans Balance Balance Loan class: # (in thousands) # (in thousands) Commercial, financial & agricultural 4 $ 238 8 $ 68 Real estate construction & development 12 838 2 30 Real estate commercial & farmland 15 5,719 4 943 Real estate residential 51 5,209 16 759 Consumer installment 15 71 18 64 Total 97 $ 12,075 48 $ 1,864 As of September 30, 2016, December 31, 2015 and September 30, 2015, the Company had a balance of $ 10.4 10.0 7.7 752,000 377,000 60,000 During the nine months ending September 30, 2016 and 2015, the Company modified purchased non-covered loans as troubled debt restructurings, with principal balances of $ 1.3 2.4 September 30, 2016 September 30, 2015 Balance Balance Loan class: # (in thousands) # (in thousands) Commercial, financial & agricultural - $ - 1 $ 1 Real estate construction & development - - 2 30 Real estate commercial & farmland 2 235 3 622 Real estate residential 6 1,076 7 1,730 Consumer installment - - 3 8 Total 8 $ 1,311 16 $ 2,391 Troubled debt restructurings included in purchased non-covered loans with an outstanding balance of $ 217,000 618,000 September 30, 2016 September 30, 2015 Balance Balance Loan class: # |
ASSETS ACQUIRED IN FDIC-ASSISTE
ASSETS ACQUIRED IN FDIC-ASSISTED ACQUISITIONS | 9 Months Ended |
Sep. 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 September 30, 2016, the Company’s FDIC loss-sharing payable totaled $ 7.8 1.3 2.4 Covered loans Less: Fair Total OREO Less: Fair Total Total FDIC loss-share As of September 30, 2016: AUB $ - $ - $ - $ - $ - $ - $ - $ 12 USB 3,309 13 3,296 30 - 30 3,326 (1,682) SCB 4,475 61 4,414 - - - 4,414 89 FBJ 3,811 488 3,323 - - - 3,323 (164) DBT 12,964 690 12,274 - - - 12,274 (4,898) TBC 1,867 7 1,860 - - - 1,860 (2,727) HTB 1,926 35 1,891 - - - 1,891 1,538 OGB 1,086 32 1,054 - - - 1,054 (776) CBG 36,468 2,289 34,179 974 4 970 35,149 833 Total $ 65,906 $ 3,615 $ 62,291 $ 1,004 $ 4 $ 1,000 $ 63,291 $ (7,775) 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 September 30, 2015: AUB $ - $ - $ - $ - $ - $ - $ - $ 115 USB 3,686 17 3,669 165 - 165 3,834 (1,453) SCB 5,269 174 5,095 - - - 5,095 280 FBJ 13,826 991 12,835 984 171 813 13,648 679 DBT 44,112 3,107 41,005 5,044 624 4,420 45,425 (1,737) TBC 16,813 481 16,332 1,480 116 1,364 17,696 (2,225) HTB 45,345 3,999 41,346 2,985 955 2,030 43,376 4,108 OGB 28,309 1,971 26,338 320 39 281 26,619 1,517 CBG 48,397 3,996 44,401 3,474 344 3,130 47,531 3,222 Total $ 205,757 $ 14,736 $ 191,021 $ 14,452 $ 2,249 $ 12,203 $ 203,224 $ 4,506 (Dollars in Thousands) September 30, December 31, September 30, Balance, January 1 $ 137,529 $ 271,279 $ 271,279 Charge-offs, net of recoveries (2,218) (5,558) (5,062) Accretion 2,855 9,658 8,105 Transfer to covered other real estate owned (2,391) (7,910) (6,909) Transfer to purchased, non-covered loans due to loss-share expiration (45,908) (50,568) (15,462) Payments received (27,576) (79,372) (60,930) Ending balance $ 62,291 $ 137,529 $ 191,021 (Dollars in Thousands) September 30, December 31, September 30, Balance, January 1 $ 9,063 $ 15,578 $ 15,578 Accretion (2,855) (9,658) (8,105) Transfer to purchased, non-covered loans due to loss-share expiration (3,457) (1,665) (84) Transfers between non-accretable and accretable discounts, net 281 4,808 3,312 Ending balance $ 3,032 $ 9,063 $ 10,701 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 September 30, 2016, December 31, 2015 and September 30, 2015, the Company has recorded a clawback liability of $ 8.9 8.2 7.7 (Dollars in Thousands) September 30, December 31, September 30, Beginning balance, January 1 $ 6,301 $ 31,351 $ 31,351 Payments received from FDIC (4,770) (19,273) (19,089) Accretion, net (3,351) (8,878) (7,914) Changes in clawback liability (682) (2,008) (1,483) Increase in receivable due to: Net charge-offs on covered loans (4,118) 416 1,180 Write downs of covered other real estate owned 203 4,752 2,349 Reimbursable expenses on covered assets 604 2,582 2,312 Other activity, net (1,962) (2,641) (4,200) Ending balance $ (7,775) $ 6,301 $ 4,506 |
OTHER REAL ESTATE OWNED
OTHER REAL ESTATE OWNED | 9 Months Ended |
Sep. 30, 2016 | |
Banking and Thrift [Abstract] | |
OTHER REAL ESTATE OWNED | NOTE 6. OTHER REAL ESTATE OWNED (Dollars in Thousands) September 30, December 31, September 30, Beginning balance, January 1 $ 16,147 $ 33,160 $ 33,160 Loans transferred to other real estate owned 2,101 11,261 9,838 Net gains (losses) on sale and write-downs (1,276) (9,971) (9,583) Sales proceeds (6,580) (18,303) (12,685) Ending balance $ 10,392 $ 16,147 $ 20,730 (Dollars in Thousands) September 30, December 31, September 30, Beginning balance, January 1 $ 14,333 $ 15,585 $ 15,585 Loans transferred to other real estate owned 3,871 4,473 2,565 Acquired in acquisitions 1,838 2,160 2,189 Transfer from covered other real estate owned due to loss-share expiration 466 3,148 75 Net gains (losses) on sale and write-downs (68) 201 326 Sales proceeds (6,314) (11,234) (9,202) Ending balance $ 14,126 $ 14,333 $ 11,538 (Dollars in Thousands) September 30, December 31, September 30, Beginning balance, January 1 $ 5,011 $ 19,907 $ 19,907 Loans transferred to other real estate owned 2,391 7,910 6,909 Transfer from covered other real estate owned due to loss-share expiration (466) (3,148) (75) Net gains (losses) on sale and write-downs (500) (5,926) (2,936) Sales proceeds (5,436) (13,732) (11,602) Ending balance $ 1,000 $ 5,011 $ 12,203 |
SECURITIES SOLD UNDER AGREEMENT
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE | 9 Months Ended |
Sep. 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 September 30, 2016, December 31, 2015 and September 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) September 30, December 31, September 30, Securities sold under agreements to repurchase $ 42,647 $ 63,585 $ 51,506 At September 30, 2016, December 31, 2015 and September 30, 2015, the investment securities underlying these agreements were all mortgage-backed securities. |
OTHER BORROWINGS
OTHER BORROWINGS | 9 Months Ended |
Sep. 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 September 30, 2016, December 31, 2015 and September 30, 2015, there were $ 373.5 39.0 39.0 Other borrowings consist of the following: (Dollars in Thousands) September 30, December 31, September 30, Daily Rate Credit from Federal Home Loan Bank with a variable interest rate (0.56% at September 30, 2016) $ 227,500 $ - $ - Advance from Federal Home Loan Bank with a fixed interest rate of 0.40%, due October 14, 2016 100,000 $ - - Advance from Federal Home Loan Bank with a fixed interest rate of 1.40%, due January 9, 2017 4,008 $ - - Advance from Federal Home Loan Bank with a fixed interest rate of 1.23%, due May 30, 2017 5,009 $ - - Advances under revolving credit agreement with a regional bank with interest at 90-day LIBOR plus 3.50% (4.34% at September 30, 2016, 3.92% at December 31, 2015, and 3.78% at September 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 860 - - Advance from correspondent bank with a fixed interest rate of 4.25%, due October 15, 2019, secured by a loan receivable 84 - - Subordinated debt issued by The Prosperity Banking Company due September 2016 with an interest rate of 90-day LIBOR plus 1.75% (2.28% at December 31, 2015 and 2.09% at September 30, 2015) - 15,000 15,000 Total $ 373,461 $ 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 September 30, 2016, $ 661.5 As of September 30, 2016, the Company maintained credit arrangements with various financial institutions to purchase federal funds up to $ 67 At September 30, 2016, $ 4.0 The Company also participates in the Federal Reserve discount window borrowings. At September 30, 2016, the Company had $ 861.5 574.7 |
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES | 9 Months Ended |
Sep. 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) September 30, December 31, September 30, Commitments to extend credit $ 924,374 $ 548,898 $ 500,631 Unused lines of credit $ 62,544 $ 52,798 $ 53,465 Financial standby letters of credit $ 14,002 $ 14,712 $ 11,929 Mortgage interest rate lock commitments $ 134,619 $ 77,710 $ 79,635 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 During the third quarter of 2016, the Bank began purchasing from an unrelated third party consumer installment home improvement loans made to borrowers throughout the United States. Under the purchase agreement, the Bank has committed to increasing outstanding balances of the home improvement loans by $ 12.5 150.0 32.8 As of September 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 | 9 Months Ended |
Sep. 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 Unrealized 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 (567) 7,724 7,157 Balance, September 30, 2016 $ (415) $ 10,864 $ 10,449 (Dollars in Thousands) Unrealized Unrealized Accumulated Other Balance, January 1, 2015 $ 508 $ 5,590 $ 6,098 Reclassification for gains included in net income, net of tax - (89) (89) Current year changes, net of tax (669) (1,143) (1,812) Balance, September 30, 2015 $ (161) $ 4,358 $ 4,197 |
WEIGHTED AVERAGE SHARES OUTSTAN
WEIGHTED AVERAGE SHARES OUTSTANDING | 9 Months Ended |
Sep. 30, 2016 | |
Earnings Per Share [Abstract] | |
WEIGHTED AVERAGE SHARES OUTSTANDING | NOTE 11 WEIGHTED AVERAGE SHARES OUTSTANDING For the Three Months For the Nine Months 2016 2015 2016 2015 (Share Data in (Share Data in Basic shares outstanding 34,870 32,195 34,156 31,614 Plus: Dilutive effect of ISOs 108 126 100 118 Plus: Dilutive effect of restricted share grants 217 232 214 230 Diluted shares outstanding 35,195 32,553 34,470 31,962 For the three- and nine-month periods ended September 30, 2016 and 2015, there were no potential common shares with strike prices that would cause them to be anti-dilutive. |
FAIR VALUE MEASURES
FAIR VALUE MEASURES | 9 Months Ended |
Sep. 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 $ 4.9 3.3 September 30, December 31, September 30, (Dollars in Thousands) Aggregate fair value of mortgage loans held for sale $ 126,263 $ 111,182 $ 111,807 Aggregate unpaid principal balance $ 121,308 $ 107,652 $ 108,179 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, mortgage loans held 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 - Level 2 - Level 3 - 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: Investment Securities Available for Sale: Other Investments: Mortgage Loans Held for Sale: Loans: Accounting by Creditors for Impairment of a Loan Other Real Estate Owned: Covered Other Real Estate Owned: Intangible Assets: FDIC Loss-Share Receivable/Payable: Accrued Interest Receivable/Payable: Cash Value of Bank Owned Life Insurance: Deposits: Securities Sold under Agreements to Repurchase and Other Borrowings: Subordinated Deferrable Interest Debentures: Off-Balance-Sheet Instruments: Derivatives: 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 September 30, 2016, December 31, 2015 and September 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. Fair Value Measurements on a Recurring Basis Fair Value Quoted Prices Significant Significant U.S. government agencies $ 1,028 $ - $ 1,028 $ - State, county and municipal securities 155,994 - 155,994 - Corporate debt securities 29,098 - 27,598 1,500 Mortgage-backed securities 652,004 - 652,004 - Mortgage loans held for sale 126,263 - 126,263 - Mortgage banking derivative instruments 5,083 - 5,083 - Total recurring assets at fair value $ 969,470 $ - $ 967,970 $ 1,500 Derivative financial instruments $ 2,964 - $ 2,964 - Mortgage banking derivative instruments $ 840 - 840 - Total recurring liabilities at fair value $ 3,804 $ - $ 3,804 $ - 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 $ 14,968 $ - $ 14,968 $ - State, county and municipal securities 164,865 - 164,865 - Corporate debt securities 6,032 - 3,532 2,500 Mortgage-backed securities 625,520 - 625,520 - Mortgage loans held for sale 111,807 - 111,807 - Mortgage banking derivative instruments 3,025 - 3,025 - Total recurring assets at fair value $ 926,217 $ - $ 923,717 $ 2,500 Derivative financial instruments $ 2,028 $ - $ 2,028 $ - Total recurring liabilities at fair value $ 2,028 $ - $ 2,028 $ - Fair Value Measurements on a Nonrecurring Basis Fair Quoted Significant Significant Impaired loans carried at fair value $ 26,210 $ - $ - $ 26,210 Other real estate owned 425 - - 425 Purchased, non-covered other real estate owned 14,126 - - 14,126 Covered other real estate owned 1,000 - - 1,000 Total nonrecurring assets at fair value $ 41,761 $ - $ - $ 41,761 Fair Value Measurements on a Nonrecurring Basis Fair Quoted 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 Significant Significant Impaired loans carried at fair value $ 27,859 $ - $ - $ 27,859 Other real estate owned 5,737 - - 5,737 Purchased, non-covered other real estate owned 11,538 - - 11,538 Covered other real estate owned 12,203 - - 12,203 Total nonrecurring assets at fair value $ 57,337 $ - $ - $ 57,337 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 nine months ended September 30, 2016, the year ended December 31, 2015 and the nine months ended September 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 September 30, 2016 Nonrecurring: Impaired loans $ 26,210 Third-party appraisals and discounted cash flows Collateral discounts and discount rates 15% - 100 % 27 % Other real estate owned $ 425 Third-party appraisals, sales contracts, broker price opinions Collateral discounts and estimated costs to sell 10% - 90 % 12 % Purchased non-covered other real estate owned $ 14,126 Third-party appraisals Collateral discounts and estimated costs to sell 10% - 75 % 15 % Covered other real estate owned $ 1,000 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 other real estate $ 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 September 30, 2015 Nonrecurring: Impaired loans $ 27,859 Third-party appraisals and discounted cash flows Collateral discounts and discount rates 0% - 50 % 25 % Other real estate owned $ 5,737 Third-party appraisals, sales contracts, broker price opinions Collateral discounts and estimated costs to sell 0% - 43 % 14 % Purchased non-covered other $ 11,538 Third-party appraisals Collateral discounts and estimated costs to sell 0% -75 % 20 % Covered other real estate owned $ 12,203 Third-party appraisals Collateral discounts and estimated costs to sell 0% - 73 % 12 % Recurring: Investment securities available for sale $ 2,500 Discounted par values Credit quality of underlying issuer 0 % 0 % Fair Value Measurements at September 30, 2016 Using: Carrying Level 1 Level 2 Level 3 Total (Dollars in Thousands) Financial assets: Cash and due from banks $ 123,270 $ 123,270 $ - $ - $ 123,270 Federal funds sold and interest-bearing accounts 90,801 90,801 - - 90,801 Loans, net 4,922,395 - - 4,918,360 4,918,360 Accrued interest receivable 21,775 21,775 - - 21,775 Financial liabilities: Deposits $ 5,306,098 $ - $ 5,305,463 $ - $ 5,305,463 Securities sold under agreements to repurchase 42,647 42,647 - - 42,647 FDIC loss-share payable 7,775 - - 10,141 10,141 Other borrowings 373,461 - 373,461 - 373,461 Accrued interest payable 1,282 1,282 - - 1,282 Subordinated deferrable interest debentures 83,898 - 66,252 - 66,252 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 September 30, 2015 Using: Carrying Level 1 Level 2 Level 3 Total (Dollars in Thousands) Financial assets: Cash and due from banks $ 114,396 $ 114,396 $ - $ - $ 114,396 Federal funds sold and interest-bearing accounts 120,925 120,925 - - 120,925 Loans, net 3,720,713 - - 3,711,522 3,711,522 FDIC loss-share receivable 4,506 - - (4,042) (4,042) Accrued interest receivable 20,062 20,062 - - 20,062 Financial liabilities: Deposits $ 4,530,523 $ - $ 4,531,851 $ - $ 4,531,851 Securities sold under agreements to repurchase 51,506 51,506 - - 51,506 Other borrowings 39,000 - 39,000 - 39,000 Accrued interest payable 1,149 1,149 - - 1,149 Subordinated deferrable interest debentures 69,600 - 51,617 - 51,617 |
SEGMENT REPORTING
SEGMENT REPORTING | 9 Months Ended |
Sep. 30, 2016 | |
Segment Reporting [Abstract] | |
SEGMENT REPORTING | NOTE 13 SEGMENT REPORTING Three Months Ended Banking Retail Warehouse SBA Total (Dollars in Thousands) Interest income $ 55,369 $ 3,679 $ 2,073 $ 1,089 $ 62,210 Interest expense 4,995 - - 148 5,143 Net interest income 50,374 3,679 2,073 941 57,067 Provision for loan losses 57 447 94 213 811 Noninterest income 13,949 13,198 555 1,162 28,864 Noninterest expense Salaries and employee benefits 18,323 8,940 103 616 27,982 Equipment and occupancy expenses 5,490 433 1 65 5,989 Data processing and telecommunications expenses 5,794 364 26 1 6,185 Other expenses 11,533 1,303 26 181 13,043 Total noninterest expense 41,140 11,040 156 863 53,199 Income before income tax expense 23,126 5,390 2,378 1,027 31,921 Income tax expense 7,286 1,887 832 359 10,364 Net income $ 15,840 $ 3,503 $ 1,546 $ 668 $ 21,557 Total assets $ 5,841,207 $ 356,755 $ 203,334 $ 92,199 $ 6,493,495 Other intangible assets, net , $ 18,472 $ - $ - $ - $ 18,472 Goodwill $ 122,545 $ - $ - $ - $ 122,545 Three Months Ended Banking Retail Warehouse SBA Total (Dollars in Thousands) Interest income $ 46,734 $ 2,485 $ 1,128 $ 848 $ 51,195 Interest expense 3,690 - - 106 3,796 Net interest income $ 43,044 $ 2,485 $ 1,128 $ 742 $ 47,399 Provision for loan losses 960 26 - - 986 Noninterest income 13,470 9,827 372 1,309 24,978 Noninterest expense Salaries and employee benefits 17,921 6,138 137 738 24,934 Equipment and occupancy expenses 5,444 397 1 73 5,915 Data processing and telecommunications expenses 4,998 308 22 1 5,329 Other expenses 11,379 662 40 137 12,218 Total noninterest expense 39,742 7,505 200 949 48,396 Income before income tax expense 15,812 4,781 1,300 1,102 22,995 Income tax expense 4,854 1,673 455 386 7,368 Net income $ 10,958 $ 3,108 $ 845 $ 716 $ 15,627 Total assets $ 4,805,387 $ 216,640 $ 92,398 $ 101,875 $ 5,216,300 Other intangible assets, net $ 18,218 $ - $ - $ - $ 18,218 Goodwill $ 87,701 $ - $ - $ - $ 87,701 The following tables present selected financial information with respect to the Company’s reportable business segments for the nine months ended September 30, 2016 and 2015: Nine Months Ended Banking Retail Warehouse SBA Total (Dollars in Thousands) Interest income $ 158,682 $ 9,992 $ 4,714 $ 2,721 $ 176,109 Interest expense 13,567 - - 450 14,017 Net interest income 145,115 9,992 4,714 2,271 162,092 Provision for loan losses 1,471 540 94 276 2,381 Noninterest income 39,702 36,126 1,328 4,373 81,529 Noninterest expense Salaries and employee benefits 55,740 23,591 399 1,970 81,700 Equipment and occupancy expenses 16,541 1,326 3 190 18,060 Data processing and telecommunications expenses 17,299 974 71 3 18,347 Other expenses 39,040 3,392 77 542 43,051 Total noninterest expense 128,620 29,283 550 2,705 161,158 Income before income tax expense 54,726 16,295 5,398 3,663 80,082 Income tax expense 17,285 5,703 1,889 1,282 26,159 Net income $ 37,441 $ 10,592 $ 3,509 $ 2,381 $ 53,923 Nine Months Ended Banking Retail Warehouse SBA Total (Dollars in Thousands) Interest income $ 126,283 $ 6,009 $ 3,142 $ 2,358 $ 137,792 Interest expense 10,594 - - 279 10,873 Net interest income $ 115,689 $ 6,009 $ 3,142 $ 2,079 $ 126,919 Provision for loan losses 4,343 368 - - 4,711 Noninterest income 31,512 26,532 1,028 4,107 63,179 Noninterest expense Salaries and employee benefits 48,958 16,257 363 2,453 68,031 Equipment and occupancy expenses 13,964 1,173 4 137 15,278 Data processing and telecommunications expenses 12,922 799 75 7 13,803 Other expenses 45,783 2,744 95 353 48,975 Total noninterest expense 121,627 20,973 537 2,950 146,087 Income before income tax expense 21,231 11,200 3,633 3,236 39,300 Income tax expense 6,277 3,920 1,272 1,133 12,601 Net income 14,954 7,280 2,361 2,103 26,699 |
BUSINESS COMBINATIONS (Tables)
BUSINESS COMBINATIONS (Tables) | 9 Months Ended |
Sep. 30, 2016 | |
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 Nine Months Ended 2016 2015 2016 2015 Net interest income and noninterest income $ 85,931 $ 77,325 $ 247,697 $ 210,556 Net income $ 21,557 $ 17,076 $ 54,658 $ 32,621 Net income available to common stockholders $ 21,557 $ 17,076 $ 54,658 $ 32,621 Income per common share available to common stockholders basic $ 0.62 $ 0.49 $ 1.57 $ 0.95 Income per common share available to common stockholders diluted $ 0.61 $ 0.49 $ 1.56 $ 0.95 Average number of shares outstanding, basic 34,870 34,744 34,817 34,163 Average number of shares outstanding, diluted 35,195 35,102 35,131 34,511 |
Rollforward of Acquired Non-Covered Loans | A rollforward of purchased non-covered loans for the nine months ended September 30, 2016, the year ended December 31, 2015 and the nine months ended September 30, 2015 is shown below: (Dollars in Thousands) September 30, December 31, September 30, Balance, January 1 $ 771,554 $ 674,239 $ 674,239 Charge-offs, net of recoveries (904) (991) (814) Additions due to acquisitions 402,942 195,818 195,818 Accretion 10,071 10,590 8,055 Transfers to purchased non-covered other real estate owned (3,871) (4,473) (2,565) Transfer from covered loans due to loss-share expiration 45,908 50,568 15,462 Payments received (158,700) (154,666) (123,311) Other 90 469 610 Ending balance $ 1,067,090 $ 771,554 $ 767,494 |
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 nine months ended September 30, 2016, the year ended December 31, 2015 and the nine months ended September 30, 2015: (Dollars in Thousands) September December 31, September 30, Balance, January 1 $ 24,785 $ 25,716 $ 25,716 Additions due to acquisitions 9,991 5,788 4,686 Accretion (10,071) (10,590) (8,055) Transfer from covered loans due to loss-share expiration 3,457 1,665 - Accretable discounts removed due to charge-offs (161) (1,768) (1,686) Transfers between non-accretable and accretable discounts, net 2,263 3,974 (106) Ending balance $ 30,264 $ 24,785 $ 20,555 |
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 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 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 Value 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 (553) (a) (639) (j) 163,229 Other investments 872 - (253) (k) 619 Loans 199,955 (8,500) (b) 91 (l) 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) (m) 3,943 Other assets 2,333 2,335 (g) (1,109) (n) 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 (o) 327,700 Total deposits 407,820 - 41,588 449,408 Federal funds purchased and securities sold under agreements to repurchase 41,588 - (41,588) (o) - 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 additional recording of fair value adjustment of the acquired loan portfolio. (m) Adjustment reflects adjustment to the core deposit intangible on the acquired core deposit accounts. (n) 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. (o) 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. |
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: As Recorded by Initial Fair Value Subsequent Fair Value As Recorded (Dollars in Thousands) JAXB Adjustments Adjustments by Ameris 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) 1,857 (j) 402,942 Less allowance for loan losses (12,613) 12,613 (c) - - Loans, net 404,218 (3,133) 1,857 402,942 Other real estate owned 2,873 (1,035 )(d) - 1,838 Premises and equipment 4,798 - (31 )(k) 4,767 Intangible assets 288 5,566 (e) (1,108 )(l) 4,746 Other assets 14,141 23,266 (f) (1,841 )(m) 35,566 Total assets $ 506,343 $ 23,722 $ (1,123) $ 528,942 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 (1,123) 63,894 Goodwill - 31,375 1,123 32,498 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. (j) Adjustment reflects additional recording of fair value adjustment of the acquired loan portfolio. (k) Adjustment reflects additional recording of fair value adjustment of the premises and equipment. (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. |
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 $ 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 |
Schedule of Acquired Loans | The following table presents the acquired loan data for the JAXB acquisition. Best Estimate Gross at Acquisition Contractual Date of Amounts Contractual Fair Value of Receivable at Cash Flows Acquired Loans at Acquisition Not Expected Acquisition Date Date to be Collected (Dollars in Thousands) Acquired receivables subject to ASC 310-30 $ 28,255 $ 42,314 $ 7,877 Acquired receivables not subject to ASC 310-30 $ 374,687 $ 488,346 $ - |
INVESTMENT SECURITIES (Tables)
INVESTMENT SECURITIES (Tables) | 9 Months Ended |
Sep. 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 September 30, 2016, December 31, 2015 and September 30, 2015 are presented below: Amortized Gross Gross Fair (Dollars in Thousands) September 30, 2016: U.S. government agencies $ 999 $ 29 $ (0) $ 1,028 State, county and municipal securities 150,083 5,939 (28) 155,994 Corporate debt securities 28,924 194 (20) 29,098 Mortgage-backed securities 641,404 10,917 (317) 652,004 Total debt securities $ 821,410 $ 17,079 $ (365) $ 838,124 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 September 30, 2015: U.S. government agencies $ 14,957 $ 26 $ (15) $ 14,968 State, county and municipal securities 161,509 3,875 (519) 164,865 Corporate debt securities 5,901 150 (19) 6,032 Mortgage-backed securities 622,313 5,208 (2,001) 625,520 Total debt securities $ 804,680 $ 9,259 $ (2,554) $ 811,385 |
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 September 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 $ 5,260 $ 5,312 Due from one year to five years 63,450 65,135 Due from five to ten years 56,521 59,169 Due after ten years 54,775 56,504 Mortgage-backed securities 641,404 652,004 $ 821,410 $ 838,124 |
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 September 30, 2016, December 31, 2015 and September 30, 2015. Less Than 12 Months 12 Months or More Total Description of Securities Fair Unrealized Fair Unrealized Fair Unrealized (Dollars in Thousands) September 30, 2016: U.S. government agencies $ - $ - $ - $ - $ - $ - State, county and municipal securities 4,398 (17) 1,634 (11) 6,032 (28) Corporate debt securities 3,012 (5) 487 (15) 3,499 (20) Mortgage-backed securities 66,920 (195) 12,519 (122) 79,439 (317) Total debt securities $ 74,330 $ (217) $ 14,640 $ (148) $ 88,970 $ (365) 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) September 30, 2015: U.S. government agencies $ - $ - $ 4,985 $ (15) $ 4,985 $ (15) State, county and municipal securities 28,339 (297) 10,451 (222) 38,790 (519) Corporate debt securities 894 (19) - - 894 (19) Mortgage-backed securities 213,439 (1,184) 30,708 (817) 244,147 (2,001) Total debt securities $ 242,672 $ (1,500) $ 46,144 $ (1,054) $ 288,816 $ (2,554) |
Gross Realized Gains And Losses On Sales Of Available For Sale Securities | September 30, December 31, September 30, (Dollars in Thousands) Gross gains on sales of securities $ 312 $ 396 $ 396 Gross losses on sales of securities (218) (259) (259) Net realized gains on sales of securities available for sale $ 94 $ 137 $ 137 Sales proceeds $ 53,026 $ 72,528 $ 69,208 |
LOANS (Tables)
LOANS (Tables) | 9 Months Ended |
Sep. 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) September 30, December 31, September 30, Commercial, financial and agricultural $ 625,947 $ 449,623 $ 427,747 Real estate construction and development 328,308 244,693 220,798 Real estate commercial and farmland 1,297,582 1,104,991 1,067,828 Real estate residential 766,933 570,430 532,285 Consumer installment 68,305 31,125 31,299 Other 3,964 6,015 10,692 $ 3,091,039 $ 2,406,877 $ 2,290,649 |
Summary of Covered Loans According to Loan Type | Covered loans are shown below according to loan type as of the end of the periods shown: (Dollars in Thousands) September 30, December 31, September 30, Commercial, financial and agricultural $ 830 $ 5,546 $ 13,349 Real estate construction and development 3,220 7,612 14,266 Real estate commercial and farmland 13,688 71,226 103,399 Real estate residential 44,457 53,038 59,835 Consumer installment 96 107 172 $ 62,291 $ 137,529 $ 191,021 |
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 nine months ended September 30, 2016, the year ended December 31, 2015 and the nine months ended September 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 September 30, 2016: Balance, June 30, 2016 $ 1,667 $ 3,599 $ 7,459 $ 4,263 $ 2,160 $ 2,056 $ 530 $ 21,734 Provision for loan losses 677 (521) (554) 2,649 (1,595) 1,247 (1,092) 811 Loans charged off (326) (60) - (292) (74) (408) (291) (1,451) Recoveries of loans previously charged off 119 131 13 40 78 399 1,089 1,869 Balance, September 30, 2016 $ 2,137 $ 3,149 $ 6,918 $ 6,660 $ 569 $ 3,294 $ 236 $ 22,963 Nine months ended September 30, 2016: Balance, January 1, 2016 $ 1,144 $ 5,009 $ 7,994 $ 4,760 $ 1,574 $ 581 $ - $ 21,062 Provision for loan losses 1,987 (2,010) (559) 2,415 (932) 2,274 (794) 2,381 Loans charged off (1,273) (324) (708) (883) (192) (826) (435) (4,641) Recoveries of loans previously charged off 279 474 191 368 119 1,265 1,465 4,161 Balance, September 30, 2016 $ 2,137 $ 3,149 $ 6,918 $ 6,660 $ 569 $ 3,294 $ 236 $ 22,963 Period-end amount allocated to: Loans individually evaluated for impairment (1) $ 107 $ 529 $ 883 $ 2,629 $ - $ 1,286 $ 236 $ 5,670 Loans collectively evaluated for impairment 2,030 2,620 6,035 4,031 569 2,008 - 17,293 Ending balance $ 2,137 $ 3,149 $ 6,918 $ 6,660 $ 569 $ 3,294 $ 236 $ 22,963 Loans: Individually evaluated for impairment (1) $ 424 $ 1,154 $ 11,699 $ 11,571 $ - $ 22,173 $ 12,818 $ 59,839 Collectively evaluated for impairment 625,523 327,154 1,285,883 755,362 72,269 1,536,176 27,953 4,630,320 Acquired with deteriorated credit quality - - - - - 133,627 21,520 155,147 Ending balance $ 625,947 $ 328,308 $ 1,297,582 $ 766,933 $ 72,269 $ 1,691,976 $ 62,291 $ 4,845,306 (1) At September 30, 2016, loans individually evaluated for impairment includes all nonaccrual loans greater than $ 100,000 100,000 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 $ 200,000 100,000 Commercial, Real estate Real estate Real estate - Consumer Purchased Covered Total (Dollars in Thousands) Three months ended September 30, 2015: Balance, June 30, 2015 $ 1,426 $ 5,365 $ 8,381 $ 4,805 $ 1,681 $ - $ - $ 21,658 Provision for loan losses 110 643 43 1,238 (1,386) 531 (193) 986 Loans charged off (135) (105) (184) (234) (61) (302) (246) (1,267) Recoveries of loans previously charged off 117 6 272 54 33 173 439 1,094 Balance, September 30, 2015 $ 1,518 $ 5,909 $ 8,512 $ 5,863 $ 267 $ 402 $ - $ 22,471 Nine months ended September 30, 2015: Balance, January 1, 2015 $ 2,004 $ 5,030 $ 8,823 $ 4,129 $ 1,171 $ - $ - $ 21,157 Provision for loan losses (66) 1,030 743 2,562 (721) 219 944 4,711 Loans charged off (937) (465) (1,358) (966) (300) (772) (1,661) (6,459) Recoveries of loans previously charged off 517 314 304 138 117 955 717 3,062 Balance, September 30, 2015 $ 1,518 $ 5,909 $ 8,512 $ 5,863 $ 267 $ 402 $ - $ 22,471 Period-end amount allocated to: Loans individually evaluated for impairment (1) $ 521 $ 708 $ 1,622 $ 1,848 $ - $ - $ - $ 4,699 Loans collectively evaluated for impairment 997 5,201 6,890 4,015 267 402 - 17,772 Ending balance $ 1,518 $ 5,909 $ 8,512 $ 5,863 $ 267 $ 402 $ - $ 22,471 Loans: Individually evaluated for impairment (1) $ 1,286 $ 1,820 $ 13,306 $ 8,415 $ - $ - $ - $ 24,827 Collectively evaluated for impairment 426,461 218,978 1,054,522 523,870 41,991 1,078,686 83,974 3,428,482 Acquired with deteriorated credit quality - - - - - 98,880 107,047 205,927 Ending balance $ 427,747 $ 220,798 $ 1,067,828 $ 532,285 $ 41,991 $ 1,177,566 $ 191,021 $ 3,659,236 (1) At September 30, 2015, loans individually evaluated for impairment includes all nonaccrual loans greater than $ 200,000 100,000 |
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) September 30, December 31, September 30, Commercial, financial and agricultural $ 1,313 $ 1,302 $ 1,995 Real estate construction and development 1,255 1,812 1,753 Real estate commercial and farmland 7,485 7,019 11,645 Real estate residential 5,999 6,278 4,810 Consumer installment 518 449 355 $ 16,570 $ 16,860 $ 20,558 |
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 September 30, 2016: Risk Commercial, Real estate - Real estate - Real estate - Consumer Other Total (Dollars in Thousands) 10 $ 381,814 $ - $ 9,053 $ 127 $ 7,787 $ - $ 398,781 15 23,627 6,732 105,298 54,346 386 - 190,389 20 105,573 41,759 835,021 596,886 24,870 3,964 1,608,073 23 372 7,126 8,719 6,530 16 - 22,763 25 108,887 266,728 299,714 87,480 34,339 - 797,148 30 967 3,087 23,457 4,165 88 - 31,764 40 4,707 2,876 16,320 17,399 819 - 42,121 50 - - - - - - - 60 - - - - - - - Total $ 625,947 $ 328,308 $ 1,297,582 $ 766,933 $ 68,305 $ 3,964 $ 3,091,039 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 September 30, 2015: Risk Commercial, Real estate - Real estate - Real estate - Consumer Other Total (Dollars in Thousands) 10 $ 222,693 $ 294 $ 116 $ 1,490 $ 6,688 $ - $ 231,281 15 23,807 2,150 123,515 83,361 1,352 - 234,185 20 99,414 45,091 645,949 327,576 19,302 10,692 1,148,024 23 645 7,754 11,792 6,240 46 - 26,477 25 75,635 159,944 250,575 90,320 3,168 - 579,642 30 2,378 2,035 9,762 7,811 204 - 22,190 40 3,175 3,530 26,119 15,487 537 - 48,848 50 - - - - 2 - 2 60 - - - - - - - Total $ 427,747 $ 220,798 $ 1,067,828 $ 532,285 $ 31,299 $ 10,692 $ 2,290,649 |
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 September 30, 2016, December 31, 2015 and September 30, 2015: As of September 30, 2016 Accruing Loans Non-Accruing Loans Balance Balance Loan class: # (in thousands) # (in thousands) Commercial, financial & agricultural 4 $ 53 14 $ 112 Real estate construction & development 8 691 2 35 Real estate commercial & farmland 17 5,535 5 2,015 Real estate residential 53 7,713 19 849 Consumer installment 7 21 29 120 Total 89 $ 14,013 69 $ 3,131 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 September 30, 2015 Accruing Loans Non-Accruing Loans Balance Balance Loan class: # (in thousands) # (in thousands) Commercial, financial & agricultural 4 $ 238 8 $ 68 Real estate construction & development 12 838 2 30 Real estate commercial & farmland 15 5,719 4 943 Real estate residential 51 5,209 16 759 Consumer installment 15 71 18 64 Total 97 $ 12,075 48 $ 1,864 |
Purchased Non Covered Loans [Member] | |
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) September 30, December 31, September 30, Commercial, financial and agricultural $ 99,596 $ 45,462 $ 42,350 Real estate construction and development 86,099 72,080 71,109 Real estate commercial and farmland 590,388 390,755 385,032 Real estate residential 286,169 258,153 263,312 Consumer installment 4,838 5,104 5,691 $ 1,067,090 $ 771,554 $ 767,494 |
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) September 30, December 31, September 30, Commercial, financial and agricultural $ 744 $ 1,064 $ 214 Real estate construction and development 2,403 1,106 916 Real estate commercial and farmland 7,796 4,920 4,728 Real estate residential 7,012 6,168 5,464 Consumer installment 38 72 52 $ 17,993 $ 13,330 $ 11,374 |
Summary of Past Due Financial Receivables | The following table presents an analysis of purchased non-covered past-due loans as of September 30, 2016, December 31, 2015 and September 30, 2015: Loans Loans Loans 90 Total Current Total Loans 90 (Dollars in Thousands) As of September 30, 2016: Commercial, financial & agricultural $ 244 $ - $ 624 $ 868 $ 98,728 $ 99,596 $ - Real estate construction & development 1,082 233 2,070 3,385 82,714 86,099 - Real estate commercial & farmland 1,806 599 6,369 8,774 581,614 590,388 - Real estate residential 1,481 2,144 5,379 9,004 277,165 286,169 - Consumer installment loans 33 267 38 338 4,500 4,838 - Total $ 4,646 $ 3,243 $ 14,480 $ 22,369 $ 1,044,721 $ 1,067,090 $ - Loans Loans Loans 90 Total Current Total Loans 90 (Dollars in Thousands) As of December 31, 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 September 30, 2015: Commercial, financial & agricultural $ 140 $ 11 $ 112 $ 263 $ 42,087 $ 42,350 $ - Real estate construction & development 322 - 459 781 70,328 71,109 - Real estate commercial & farmland 2,681 613 3,391 6,685 378,347 385,032 - Real estate residential 3,822 1,672 4,901 10,395 252,917 263,312 - Consumer installment loans 5 - 49 54 5,637 5,691 - Total $ 6,970 $ 2,296 $ 8,912 $ 18,178 $ 749,316 $ 767,494 $ - |
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 September 30, December 31, September 30, (Dollars in Thousands) Nonaccrual loans $ 17,993 $ 13,330 $ 11,374 Troubled debt restructurings not included above 9,294 9,373 7,188 Total impaired loans $ 27,287 $ 22,703 $ 18,562 Quarter-to-date interest income recognized on impaired loans $ 1,339 $ 442 $ 158 Year-to-date interest income recognized on impaired loans $ 1,885 $ 785 $ 342 Quarter-to-date foregone interest income on impaired loans $ 264 $ 245 $ 198 Year-to-date foregone interest income on impaired loans $ 883 $ 1,365 $ 1,121 The following table presents an analysis of information pertaining to purchased non-covered impaired loans as of September 30, 2016, December 31, 2015 and September 30, 2015: Unpaid Recorded Recorded Total Related Three Nine (Dollars in Thousands) As of September 30, 2016: Commercial, financial & agricultural $ 4,801 $ 520 $ 225 $ 745 $ - $ 710 $ 787 Real estate construction & development 23,284 233 2,699 2,932 183 2,306 2,053 Real estate commercial & farmland 34,021 1,778 11,858 13,636 380 13,310 13,732 Real estate residential 12,458 2,705 7,227 9,932 722 9,685 9,163 Consumer installment loans 55 42 - 42 - 43 64 Total $ 74,619 $ 5,278 $ 22,009 $ 27,287 $ 1,285 $ 26,054 $ 25,799 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 Nine (Dollars in Thousands) As of September 30, 2015: Commercial, financial & agricultural $ 1,137 $ 214 $ - $ 214 $ - $ 262 $ 224 Real estate construction & development 9,211 1,268 - 1,268 - 1,563 1,419 Real estate commercial & farmland 13,399 8,799 - 8,799 - 11,245 10,724 Real estate residential 12,443 8,224 - 8,224 - 8,255 7,845 Consumer installment loans 74 57 - 57 - 76 63 Total $ 36,264 $ 18,562 $ - $ 18,562 $ - $ 21,402 $ 20,275 |
Summary of Credit Quality Indicate Financial Receivable | The following table presents the purchased non-covered loan portfolio by risk grade as of September 30, 2016: Risk Commercial, Real estate - Real estate - Real estate - Consumer Other Total (Dollars in Thousands) 10 $ 5,676 $ - $ - $ - $ 867 $ - $ 6,543 15 1,055 - 7,842 32,763 597 - 42,257 20 16,726 7,741 196,901 108,007 1,934 - 331,309 23 - 3,677 11,925 11,902 - - 27,504 25 70,241 63,343 328,657 111,720 1,319 - 575,280 30 4,716 7,609 26,782 5,731 - - 44,838 40 1,182 3,729 18,281 16,046 121 - 39,359 50 - - - - - - - 60 - - - - - - - Total $ 99,596 $ 86,099 $ 590,388 $ 286,169 $ 4,838 $ - $ 1,067,090 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 September 30, 2015: Risk Commercial, Real estate - Real estate - Real estate - Consumer Other Total (Dollars in Thousands) 10 $ 8,741 $ - $ - $ - $ 1,060 $ - $ 9,801 15 1,229 1,805 8,440 38,643 789 - 50,906 20 10,982 13,518 187,329 133,914 2,291 - 348,034 23 - 230 4,079 6,303 - - 10,612 25 17,873 48,137 159,816 63,049 1,397 - 290,272 30 2,379 3,418 12,997 7,609 55 - 26,458 40 1,116 4,001 12,371 13,794 99 - 31,381 50 30 - - - - - 30 60 - - - - - - - Total $ 42,350 $ 71,109 $ 385,032 $ 263,312 $ 5,691 $ - $ 767,494 |
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 nine months ending September 30, 2016 and 2015: September 30, 2016 September 30, 2015 Balance Balance Loan class: # (in thousands) # (in thousands) Commercial, financial & agricultural - $ - 1 $ 1 Real estate construction & development - - 2 30 Real estate commercial & farmland 2 235 3 622 Real estate residential 6 1,076 7 1,730 Consumer installment - - 3 8 Total 8 $ 1,311 16 $ 2,391 |
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 nine months ending September 30, 2016 and 2015: September 30, 2016 September 30, 2015 Balance Balance Loan class: # (in thousands) # (in thousands) Commercial, financial & agricultural - $ - - $ - Real estate construction & development 1 10 - - Real estate commercial & farmland 1 207 - - Real estate residential - - 2 618 Consumer installment - - - - Total 2 $ 217 2 $ 618 |
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 September 30, 2016: Commercial, financial & agricultural $ 798 $ 336 $ 1,134 $ 2,268 $ 623,679 $ 625,947 $ - Real estate construction & development 5,320 177 1,136 6,633 321,675 328,308 - Real estate commercial & farmland 2,726 199 5,788 8,713 1,288,869 1,297,582 - Real estate residential 2,890 802 5,035 8,727 758,206 766,933 - Consumer installment loans 513 174 309 996 67,309 68,305 - Other - - - - 3,964 3,964 - Total $ 12,247 $ 1,688 $ 13,402 $ 27,337 $ 3,063,702 $ 3,091,039 $ - Loans Loans Loans 90 Total Current Total Loans 90 (Dollars in Thousands) As of December 31, 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 September 30, 2015: Commercial, financial & agricultural $ 781 $ 714 $ 1,799 $ 3,294 $ 424,453 $ 427,747 $ - Real estate construction & development 1,184 417 1,753 3,354 217,444 220,798 - Real estate commercial & farmland 4,275 399 8,082 12,756 1,055,072 1,067,828 - Real estate residential 6,424 1,558 4,247 12,229 520,056 532,285 - Consumer installment loans 326 82 227 635 30,664 31,299 - Other - - - - 10,692 10,692 - Total $ 12,990 $ 3,170 $ 16,108 $ 32,268 $ 2,258,381 $ 2,290,649 $ - |
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 September 30, December 31, September 30, (Dollars in Thousands) Nonaccrual loans $ 16,570 $ 16,860 $ 20,558 Troubled debt restructurings not included above 14,013 14,418 12,075 Total impaired loans $ 30,583 $ 31,278 $ 32,633 Quarter-to-date interest income recognized on impaired loans $ 252 $ 274 $ 241 Year-to-date interest income recognized on impaired loans $ 808 $ 909 $ 635 Quarter-to-date foregone interest income on impaired loans $ 239 $ 265 $ 309 Year-to-date foregone interest income on impaired loans $ 710 $ 1,204 $ 939 The following table presents an analysis of information pertaining to impaired loans, excluding purchased non-covered and covered loans as of September 30, 2016, December 31, 2015 and September 30, 2015: Unpaid Recorded Recorded Total Related Three Nine (Dollars in Thousands) As of September 30, 2016: Commercial, financial & agricultural $ 2,568 $ 252 $ 1,114 $ 1,366 $ 118 $ 1,736 $ 1,640 Real estate construction & development 2,972 - 1,946 1,946 537 2,001 2,214 Real estate commercial & farmland 14,015 5,499 7,520 13,019 873 12,776 12,837 Real estate residential 14,350 2,046 11,667 13,713 2,648 13,686 13,516 Consumer installment loans 586 - 539 539 6 492 479 Total $ 34,491 $ 7,797 $ 22,786 $ 30,583 $ 4,182 $ 30,691 $ 30,686 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 Nine (Dollars in Thousands) As of September 30, 2015: Commercial, financial & agricultural $ 3,761 $ 471 $ 1,762 $ 2,233 $ 528 $ 3,289 $ 2,458 Real estate construction & development 3,757 230 2,361 2,591 731 2,503 3,384 Real estate commercial & farmland 18,652 5,870 11,494 17,364 1,635 16,459 15,684 Real estate residential 11,549 1,752 8,266 10,018 1,872 10,185 11,509 Consumer installment loans 524 - 426 426 7 483 487 Total $ 38,243 $ 8,323 $ 24,309 $ 32,632 $ 4,773 $ 32,919 $ 33,522 |
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 nine months ending September 30, 2016 and 2015: September 30, 2016 September 30, 2015 Balance Balance Loan class: # (in thousands) # (in thousands) Commercial, financial & agricultural 5 $ 59 4 $ 26 Real estate construction & development 2 251 2 15 Real estate commercial & farmland 4 1,658 2 2,125 Real estate residential 7 887 28 2,089 Consumer installment 9 44 13 47 Total 27 $ 2,899 49 $ 4,302 |
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 nine months ending September 30, 2016 and 2015: September 30, 2016 September 30, 2015 Balance Balance Loan class: # (in thousands) # (in thousands) Commercial, financial & agricultural 5 $ 51 4 $ 18 Real estate construction & development - - 2 34 Real estate commercial & farmland 5 517 5 1,011 Real estate residential 3 219 18 1,473 Consumer installment 2 6 9 32 Total 15 $ 793 38 $ 2,568 |
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 nine months ending September 30, 2016 and 2015: September 30, 2016 September 30, 2015 Balance Balance Loan class: # (in thousands) # (in thousands) Commercial, financial & agricultural 1 $ 76 1 $ - Real estate construction & development - - 2 312 Real estate commercial & farmland 1 473 5 1,492 Real estate residential 2 54 12 679 Consumer installment - - - - Total 4 $ 603 20 $ 2,483 |
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) September 30, December 31, September 30, Commercial, financial and agricultural $ 128 $ 2,803 $ 7,916 Real estate construction and development 60 1,701 2,934 Real estate commercial and farmland 1,540 5,034 18,164 Real estate residential 4,078 3,663 3,979 Consumer installment 28 37 91 $ 5,834 $ 13,238 $ 33,084 |
Summary of Past Due Financial Receivables | The following table presents an analysis of covered past-due loans as of September 30, 2016, December 31, 2015 and September 30, 2015: Loans Loans Loans 90 Total Current Total Loans 90 (Dollars in Thousands) As of September 30, 2016: Commercial, financial & agricultural $ - $ - $ 128 $ 128 $ 702 $ 830 $ - Real estate construction & development 114 4 - 118 3,102 3,220 - Real estate commercial & farmland 906 - 1 907 12,781 13,688 - Real estate residential 1,047 943 2,589 4,579 39,878 44,457 - Consumer installment loans - - - - 96 96 - Total $ 2,067 $ 947 $ 2,718 $ 5,732 $ 56,559 $ 62,291 $ - Loans Loans Loans 90 Total Current Total Loans 90 (Dollars in Thousands) As of December 31, 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 September 30, 2015: Commercial, financial & agricultural $ 40 $ 48 $ 7,886 $ 7,974 $ 5,375 $ 13,349 $ - Real estate construction & development 1,548 68 2,408 4,024 10,242 14,266 - Real estate commercial & farmland 1,003 550 6,573 8,126 95,273 103,399 - Real estate residential 2,612 783 2,140 5,535 54,300 59,835 - Consumer installment loans - - 49 49 123 172 - Total $ 5,203 $ 1,449 $ 19,056 $ 25,708 $ 165,313 $ 191,021 $ - |
Summary of Impaired Financial Receivables | The following is a summary of information pertaining to covered impaired loans: As of and For the Period Ended September 30, December 31, September 30, (Dollars in Thousands) Nonaccrual loans $ 5,834 $ 13,238 $ 33,084 Troubled debt restructurings not included above 11,823 13,283 16,576 Total impaired loans $ 17,657 $ 26,521 $ 49,660 Quarter-to-date interest income recognized on impaired loans $ 154 $ 154 $ 268 Year-to-date interest income recognized on impaired loans $ 493 $ 886 $ 732 Quarter-to-date foregone interest income on impaired loans $ 82 $ 181 $ 468 Year-to-date foregone interest income on impaired loans $ 400 $ 1,596 $ 1,416 The following table presents an analysis of information pertaining to covered impaired loans as of September 30, 2016, December 31, 2015 and September 30, 2015: Unpaid Recorded Recorded Total Related Three Nine (Dollars in Thousands) As of September 30, 2016: Commercial, financial & agricultural $ 296 $ 128 $ - $ 128 $ - $ 128 $ 1,464 Real estate construction & development 969 63 810 873 1 1,640 2,022 Real estate commercial & farmland 7,077 83 3,258 3,341 22 4,886 5,837 Real estate residential 14,450 4,768 8,513 13,281 213 13,418 13,730 Consumer installment loans 43 34 - 34 - 37 41 Total $ 22,835 $ 5,076 $ 12,581 $ 17,657 $ 236 $ 20,109 $ 23,094 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 Nine (Dollars in Thousands) As of September 30, 2015: Commercial, financial & agricultural $ 11,794 $ 7,918 $ - $ 7,918 $ - $ 8,625 $ 8,560 Real estate construction & development 29,596 5,780 - 5,780 - 6,166 8,013 Real estate commercial & farmland 41,724 21,265 - 21,265 - 20,697 21,380 Real estate residential 18,097 14,605 - 14,605 - 14,881 16,465 Consumer installment loans 126 92 - 92 - 101 96 Total $ 101,337 $ 49,660 $ - $ 49,660 $ - $ 50,470 $ 54,514 |
Summary of Credit Quality Indicate Financial Receivable | The following table presents the covered loan portfolio by risk grade as of September 30, 2016: Risk Commercial, Real estate - Real estate - Real estate - Consumer Other Total (Dollars in Thousands) 10 $ - $ - $ - $ - $ - $ - $ - 15 - - - - - - - 20 23 551 2,203 7,458 - - 10,235 23 23 - 298 4,016 - - 4,337 25 657 2,214 5,757 20,349 15 - 28,992 30 - 357 1,825 3,625 46 - 5,853 40 127 98 3,605 9,009 35 - 12,874 50 - - - - - - - 60 - - - - - - - Total $ 830 $ 3,220 $ 13,688 $ 44,457 $ 96 $ - $ 62,291 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 September 30, 2015: Risk Commercial, Real estate - Real estate - Real estate - Consumer Other Total (Dollars in Thousands) 10 $ - $ - $ - $ - $ - $ - $ - 15 - - 478 115 - - 593 20 327 1,147 16,211 12,304 42 - 30,031 23 53 - 4,783 6,396 - - 11,232 25 4,476 8,241 53,126 27,795 37 - 93,675 30 4,060 1,965 5,539 5,481 - - 17,045 40 4,431 2,913 23,262 7,744 93 - 38,443 50 - - - - - - - 60 2 - - - - - 2 Total $ 13,349 $ 14,266 $ 103,399 $ 59,835 $ 172 $ - $ 191,021 |
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 September 30, 2016, December 31, 2015 and September 30, 2015: As of September 30, 2016 Accruing Loans Non-Accruing Loans Balance Balance Loan class: # (in thousands) # (in thousands) Commercial, financial & agricultural - $ - 3 $ 76 Real estate construction & development 4 813 - - Real estate commercial & farmland 4 1,801 2 680 Real estate residential 88 9,203 27 1,287 Consumer installment 1 6 - - Total 97 $ 11,823 32 $ 2,043 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 September 30, 2015 Accruing Loans Non-Accruing Loans Balance Balance Loan class: # (in thousands) # (in thousands) Commercial, financial & agricultural 1 $ 2 2 $ - Real estate construction & development 3 2,847 3 325 Real estate commercial & farmland 9 3,101 8 2,449 Real estate residential 96 10,625 17 1,167 Consumer installment 1 1 - - Total 110 $ 16,576 30 $ 3,941 |
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 nine months ending September 30, 2016 and 2015: September 30, 2016 September 30, 2015 Balance Balance Loan class: # (in thousands) # (in thousands) Commercial, financial & agricultural 2 $ 76 - $ - Real estate construction & development - - - - Real estate commercial & farmland - - 3 177 Real estate residential 11 440 9 1,088 Consumer installment - - - - Total 13 $ 516 12 $ 1,265 |
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 September 30, 2016, December 31, 2015 and September 30, 2015: As of September 30, 2016 Accruing Loans Non-Accruing Loans Balance Balance Loan class: # (in thousands) # (in thousands) Commercial, financial & agricultural 1 $ 1 1 $ 16 Real estate construction & development 2 529 3 33 Real estate commercial & farmland 13 5,840 3 566 Real estate residential 16 2,919 5 486 Consumer installment 1 4 2 1 Total 33 $ 9,293 14 $ 1,102 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 September 30, 2015 Accruing Loans Non-Accruing Loans Balance Balance Loan class: # (in thousands) # (in thousands) Commercial, financial & agricultural - $ - 1 $ 1 Real estate construction & development 1 351 2 30 Real estate commercial & farmland 6 4,071 1 36 Real estate residential 13 2,761 3 397 Consumer installment 2 5 2 3 Total 22 $ 7,188 9 $ 467 |
ASSETS ACQUIRED IN FDIC-ASSIS25
ASSETS ACQUIRED IN FDIC-ASSISTED ACQUISITIONS (Tables) | 9 Months Ended |
Sep. 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 | Covered loans Less: Fair Total OREO Less: Fair Total Total FDIC loss-share As of September 30, 2016: AUB $ - $ - $ - $ - $ - $ - $ - $ 12 USB 3,309 13 3,296 30 - 30 3,326 (1,682) SCB 4,475 61 4,414 - - - 4,414 89 FBJ 3,811 488 3,323 - - - 3,323 (164) DBT 12,964 690 12,274 - - - 12,274 (4,898) TBC 1,867 7 1,860 - - - 1,860 (2,727) HTB 1,926 35 1,891 - - - 1,891 1,538 OGB 1,086 32 1,054 - - - 1,054 (776) CBG 36,468 2,289 34,179 974 4 970 35,149 833 Total $ 65,906 $ 3,615 $ 62,291 $ 1,004 $ 4 $ 1,000 $ 63,291 $ (7,775) 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 September 30, 2015: AUB $ - $ - $ - $ - $ - $ - $ - $ 115 USB 3,686 17 3,669 165 - 165 3,834 (1,453) SCB 5,269 174 5,095 - - - 5,095 280 FBJ 13,826 991 12,835 984 171 813 13,648 679 DBT 44,112 3,107 41,005 5,044 624 4,420 45,425 (1,737) TBC 16,813 481 16,332 1,480 116 1,364 17,696 (2,225) HTB 45,345 3,999 41,346 2,985 955 2,030 43,376 4,108 OGB 28,309 1,971 26,338 320 39 281 26,619 1,517 CBG 48,397 3,996 44,401 3,474 344 3,130 47,531 3,222 Total $ 205,757 $ 14,736 $ 191,021 $ 14,452 $ 2,249 $ 12,203 $ 203,224 $ 4,506 |
Rollforward of Acquired Covered Loans | A rollforward of acquired covered loans for the nine months ended September 30, 2016, the year ended December 31, 2015 and the nine months ended September 30, 2015 is shown below: (Dollars in Thousands) September 30, December 31, September 30, Balance, January 1 $ 137,529 $ 271,279 $ 271,279 Charge-offs, net of recoveries (2,218) (5,558) (5,062) Accretion 2,855 9,658 8,105 Transfer to covered other real estate owned (2,391) (7,910) (6,909) Transfer to purchased, non-covered loans due to loss-share expiration (45,908) (50,568) (15,462) Payments received (27,576) (79,372) (60,930) Ending balance $ 62,291 $ 137,529 $ 191,021 |
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 nine months ended September 30, 2016, the year ended December 31, 2015 and the nine months ended September 30, 2015: (Dollars in Thousands) September 30, December 31, September 30, Balance, January 1 $ 9,063 $ 15,578 $ 15,578 Accretion (2,855) (9,658) (8,105) Transfer to purchased, non-covered loans due to loss-share expiration (3,457) (1,665) (84) Transfers between non-accretable and accretable discounts, net 281 4,808 3,312 Ending balance $ 3,032 $ 9,063 $ 10,701 |
Changes in FDIC Shared-Loss Receivable | Changes in the FDIC shared-loss receivable (payable) for the nine months ended September 30, 2016, for the year ended December 31, 2015 and for the nine months ended September 30, 2015 are as follows: (Dollars in Thousands) September 30, December 31, September 30, Beginning balance, January 1 $ 6,301 $ 31,351 $ 31,351 Payments received from FDIC (4,770) (19,273) (19,089) Accretion, net (3,351) (8,878) (7,914) Changes in clawback liability (682) (2,008) (1,483) Increase in receivable due to: Net charge-offs on covered loans (4,118) 416 1,180 Write downs of covered other real estate owned 203 4,752 2,349 Reimbursable expenses on covered assets 604 2,582 2,312 Other activity, net (1,962) (2,641) (4,200) Ending balance $ (7,775) $ 6,301 $ 4,506 |
OTHER REAL ESTATE OWNED (Tables
OTHER REAL ESTATE OWNED (Tables) | 9 Months Ended |
Sep. 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 nine months ended September 30, 2016, the year ended December 31, 2015 and the nine months ended September 30, 2015: (Dollars in Thousands) September 30, December 31, September 30, Beginning balance, January 1 $ 16,147 $ 33,160 $ 33,160 Loans transferred to other real estate owned 2,101 11,261 9,838 Net gains (losses) on sale and write-downs (1,276) (9,971) (9,583) Sales proceeds (6,580) (18,303) (12,685) Ending balance $ 10,392 $ 16,147 $ 20,730 |
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 nine months ended September 30, 2016, the year ended December 31, 2015 and the nine months ended September 30, 2015: (Dollars in Thousands) September 30, December 31, September 30, Beginning balance, January 1 $ 14,333 $ 15,585 $ 15,585 Loans transferred to other real estate owned 3,871 4,473 2,565 Acquired in acquisitions 1,838 2,160 2,189 Transfer from covered other real estate owned due to loss-share expiration 466 3,148 75 Net gains (losses) on sale and write-downs (68) 201 326 Sales proceeds (6,314) (11,234) (9,202) Ending balance $ 14,126 $ 14,333 $ 11,538 |
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 nine months ended September 30, 2016, the year ended December 31, 2015 and the nine months ended September 30, 2015: (Dollars in Thousands) September 30, December 31, September 30, Beginning balance, January 1 $ 5,011 $ 19,907 $ 19,907 Loans transferred to other real estate owned 2,391 7,910 6,909 Transfer from covered other real estate owned due to loss-share expiration (466) (3,148) (75) Net gains (losses) on sale and write-downs (500) (5,926) (2,936) Sales proceeds (5,436) (13,732) (11,602) Ending balance $ 1,000 $ 5,011 $ 12,203 |
SECURITIES SOLD UNDER AGREEME27
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE (Tables) | 9 Months Ended |
Sep. 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 September 30, 2016, December 31, 2015 and September 30, 2015: (Dollars in Thousands) September 30, December 31, September 30, Securities sold under agreements to repurchase $ 42,647 $ 63,585 $ 51,506 |
OTHER BORROWINGS (Tables)
OTHER BORROWINGS (Tables) | 9 Months Ended |
Sep. 30, 2016 | |
Debt Disclosure [Abstract] | |
OTHER BORROWINGS | Other borrowings consist of the following: (Dollars in Thousands) September 30, December 31, September 30, Daily Rate Credit from Federal Home Loan Bank with a variable interest rate (0.56% at September 30, 2016) $ 227,500 $ - $ - Advance from Federal Home Loan Bank with a fixed interest rate of 0.40%, due October 14, 2016 100,000 $ - - Advance from Federal Home Loan Bank with a fixed interest rate of 1.40%, due January 9, 2017 4,008 $ - - Advance from Federal Home Loan Bank with a fixed interest rate of 1.23%, due May 30, 2017 5,009 $ - - Advances under revolving credit agreement with a regional bank with interest at 90-day LIBOR plus 3.50% (4.34% at September 30, 2016, 3.92% at December 31, 2015, and 3.78% at September 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 860 - - Advance from correspondent bank with a fixed interest rate of 4.25%, due October 15, 2019, secured by a loan receivable 84 - - Subordinated debt issued by The Prosperity Banking Company due September 2016 with an interest rate of 90-day LIBOR plus 1.75% (2.28% at December 31, 2015 and 2.09% at September 30, 2015) - 15,000 15,000 Total $ 373,461 $ 39,000 $ 39,000 |
COMMITMENTS AND CONTINGENCIES (
COMMITMENTS AND CONTINGENCIES (Tables) | 9 Months Ended |
Sep. 30, 2016 | |
Commitments and Contingencies Disclosure [Abstract] | |
Schedule of Guarantor Obligations | A summary of the Company’s commitments is as follows: (Dollars in Thousands) September 30, December 31, September 30, Commitments to extend credit $ 924,374 $ 548,898 $ 500,631 Unused lines of credit $ 62,544 $ 52,798 $ 53,465 Financial standby letters of credit $ 14,002 $ 14,712 $ 11,929 Mortgage interest rate lock commitments $ 134,619 $ 77,710 $ 79,635 |
ACCUMULATED OTHER COMPREHENSI30
ACCUMULATED OTHER COMPREHENSIVE INCOME (Tables) | 9 Months Ended |
Sep. 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 September 30, 2016 and 2015: (Dollars in Thousands) Unrealized Unrealized 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 (567) 7,724 7,157 Balance, September 30, 2016 $ (415) $ 10,864 $ 10,449 (Dollars in Thousands) Unrealized Unrealized Accumulated Other Balance, January 1, 2015 $ 508 $ 5,590 $ 6,098 Reclassification for gains included in net income, net of tax - (89) (89) Current year changes, net of tax (669) (1,143) (1,812) Balance, September 30, 2015 $ (161) $ 4,358 $ 4,197 |
WEIGHTED AVERAGE SHARES OUTST31
WEIGHTED AVERAGE SHARES OUTSTANDING (Tables) | 9 Months Ended |
Sep. 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 Nine Months 2016 2015 2016 2015 (Share Data in (Share Data in Basic shares outstanding 34,870 32,195 34,156 31,614 Plus: Dilutive effect of ISOs 108 126 100 118 Plus: Dilutive effect of restricted share grants 217 232 214 230 Diluted shares outstanding 35,195 32,553 34,470 31,962 |
FAIR VALUE MEASURES (Tables)
FAIR VALUE MEASURES (Tables) | 9 Months Ended |
Sep. 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 September 30, 2016, December 31, 2015 and September 30, 2015: September 30, December 31, September 30, (Dollars in Thousands) Aggregate fair value of mortgage loans held for sale $ 126,263 $ 111,182 $ 111,807 Aggregate unpaid principal balance $ 121,308 $ 107,652 $ 108,179 Past-due loans of 90 days or more $ - $ - $ - Nonaccrual loans $ - $ - $ - |
Fair Value Measurements of Assets and Liabilities Measured on Recurring Basis | 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 September 30, 2016, December 31, 2015 and September 30, 2015 (dollars in thousands): Fair Value Measurements on a Recurring Basis Fair Value Quoted Prices Significant Significant U.S. government agencies $ 1,028 $ - $ 1,028 $ - State, county and municipal securities 155,994 - 155,994 - Corporate debt securities 29,098 - 27,598 1,500 Mortgage-backed securities 652,004 - 652,004 - Mortgage loans held for sale 126,263 - 126,263 - Mortgage banking derivative instruments 5,083 - 5,083 - Total recurring assets at fair value $ 969,470 $ - $ 967,970 $ 1,500 Derivative financial instruments $ 2,964 - $ 2,964 - Mortgage banking derivative instruments $ 840 - 840 - Total recurring liabilities at fair value $ 3,804 $ - $ 3,804 $ - 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 $ 14,968 $ - $ 14,968 $ - State, county and municipal securities 164,865 - 164,865 - Corporate debt securities 6,032 - 3,532 2,500 Mortgage-backed securities 625,520 - 625,520 - Mortgage loans held for sale 111,807 - 111,807 - Mortgage banking derivative instruments 3,025 - 3,025 - Total recurring assets at fair value $ 926,217 $ - $ 923,717 $ 2,500 Derivative financial instruments $ 2,028 $ - $ 2,028 $ - Total recurring liabilities at fair value $ 2,028 $ - $ 2,028 $ - |
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 September 30, 2016, December 31, 2015 and September 30, 2015 (dollars in thousands): Fair Value Measurements on a Nonrecurring Basis Fair Quoted Significant Significant Impaired loans carried at fair value $ 26,210 $ - $ - $ 26,210 Other real estate owned 425 - - 425 Purchased, non-covered other real estate owned 14,126 - - 14,126 Covered other real estate owned 1,000 - - 1,000 Total nonrecurring assets at fair value $ 41,761 $ - $ - $ 41,761 Fair Value Measurements on a Nonrecurring Basis Fair Quoted 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 Significant Significant Impaired loans carried at fair value $ 27,859 $ - $ - $ 27,859 Other real estate owned 5,737 - - 5,737 Purchased, non-covered other real estate owned 11,538 - - 11,538 Covered other real estate owned 12,203 - - 12,203 Total nonrecurring assets at fair value $ 57,337 $ - $ - $ 57,337 |
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 September 30, 2016 Nonrecurring: Impaired loans $ 26,210 Third-party appraisals and discounted cash flows Collateral discounts and discount rates 15% - 100 % 27 % Other real estate owned $ 425 Third-party appraisals, sales contracts, broker price opinions Collateral discounts and estimated costs to sell 10% - 90 % 12 % Purchased non-covered other real estate owned $ 14,126 Third-party appraisals Collateral discounts and estimated costs to sell 10% - 75 % 15 % Covered other real estate owned $ 1,000 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 other real estate $ 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 September 30, 2015 Nonrecurring: Impaired loans $ 27,859 Third-party appraisals and discounted cash flows Collateral discounts and discount rates 0% - 50 % 25 % Other real estate owned $ 5,737 Third-party appraisals, sales contracts, broker price opinions Collateral discounts and estimated costs to sell 0% - 43 % 14 % Purchased non-covered other $ 11,538 Third-party appraisals Collateral discounts and estimated costs to sell 0% -75 % 20 % Covered other real estate owned $ 12,203 Third-party appraisals Collateral discounts and estimated costs to sell 0% - 73 % 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 September 30, 2016 Using: Carrying Level 1 Level 2 Level 3 Total (Dollars in Thousands) Financial assets: Cash and due from banks $ 123,270 $ 123,270 $ - $ - $ 123,270 Federal funds sold and interest-bearing accounts 90,801 90,801 - - 90,801 Loans, net 4,922,395 - - 4,918,360 4,918,360 Accrued interest receivable 21,775 21,775 - - 21,775 Financial liabilities: Deposits $ 5,306,098 $ - $ 5,305,463 $ - $ 5,305,463 Securities sold under agreements to repurchase 42,647 42,647 - - 42,647 FDIC loss-share payable 7,775 - - 10,141 10,141 Other borrowings 373,461 - 373,461 - 373,461 Accrued interest payable 1,282 1,282 - - 1,282 Subordinated deferrable interest debentures 83,898 - 66,252 - 66,252 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 September 30, 2015 Using: Carrying Level 1 Level 2 Level 3 Total (Dollars in Thousands) Financial assets: Cash and due from banks $ 114,396 $ 114,396 $ - $ - $ 114,396 Federal funds sold and interest-bearing accounts 120,925 120,925 - - 120,925 Loans, net 3,720,713 - - 3,711,522 3,711,522 FDIC loss-share receivable 4,506 - - (4,042) (4,042) Accrued interest receivable 20,062 20,062 - - 20,062 Financial liabilities: Deposits $ 4,530,523 $ - $ 4,531,851 $ - $ 4,531,851 Securities sold under agreements to repurchase 51,506 51,506 - - 51,506 Other borrowings 39,000 - 39,000 - 39,000 Accrued interest payable 1,149 1,149 - - 1,149 Subordinated deferrable interest debentures 69,600 - 51,617 - 51,617 |
SEGMENT REPORTING (Tables)
SEGMENT REPORTING (Tables) | 9 Months Ended |
Sep. 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 September 30, 2016 and 2015: Three Months Ended Banking Retail Warehouse SBA Total (Dollars in Thousands) Interest income $ 55,369 $ 3,679 $ 2,073 $ 1,089 $ 62,210 Interest expense 4,995 - - 148 5,143 Net interest income 50,374 3,679 2,073 941 57,067 Provision for loan losses 57 447 94 213 811 Noninterest income 13,949 13,198 555 1,162 28,864 Noninterest expense Salaries and employee benefits 18,323 8,940 103 616 27,982 Equipment and occupancy expenses 5,490 433 1 65 5,989 Data processing and telecommunications expenses 5,794 364 26 1 6,185 Other expenses 11,533 1,303 26 181 13,043 Total noninterest expense 41,140 11,040 156 863 53,199 Income before income tax expense 23,126 5,390 2,378 1,027 31,921 Income tax expense 7,286 1,887 832 359 10,364 Net income $ 15,840 $ 3,503 $ 1,546 $ 668 $ 21,557 Total assets $ 5,841,207 $ 356,755 $ 203,334 $ 92,199 $ 6,493,495 Other intangible assets, net , $ 18,472 $ - $ - $ - $ 18,472 Goodwill $ 122,545 $ - $ - $ - $ 122,545 Three Months Ended Banking Retail Warehouse SBA Total (Dollars in Thousands) Interest income $ 46,734 $ 2,485 $ 1,128 $ 848 $ 51,195 Interest expense 3,690 - - 106 3,796 Net interest income $ 43,044 $ 2,485 $ 1,128 $ 742 $ 47,399 Provision for loan losses 960 26 - - 986 Noninterest income 13,470 9,827 372 1,309 24,978 Noninterest expense Salaries and employee benefits 17,921 6,138 137 738 24,934 Equipment and occupancy expenses 5,444 397 1 73 5,915 Data processing and telecommunications expenses 4,998 308 22 1 5,329 Other expenses 11,379 662 40 137 12,218 Total noninterest expense 39,742 7,505 200 949 48,396 Income before income tax expense 15,812 4,781 1,300 1,102 22,995 Income tax expense 4,854 1,673 455 386 7,368 Net income $ 10,958 $ 3,108 $ 845 $ 716 $ 15,627 Total assets $ 4,805,387 $ 216,640 $ 92,398 $ 101,875 $ 5,216,300 Other intangible assets, net $ 18,218 $ - $ - $ - $ 18,218 Goodwill $ 87,701 $ - $ - $ - $ 87,701 The following tables present selected financial information with respect to the Company’s reportable business segments for the nine months ended September 30, 2016 and 2015: Nine Months Ended Banking Retail Warehouse SBA Total (Dollars in Thousands) Interest income $ 158,682 $ 9,992 $ 4,714 $ 2,721 $ 176,109 Interest expense 13,567 - - 450 14,017 Net interest income 145,115 9,992 4,714 2,271 162,092 Provision for loan losses 1,471 540 94 276 2,381 Noninterest income 39,702 36,126 1,328 4,373 81,529 Noninterest expense Salaries and employee benefits 55,740 23,591 399 1,970 81,700 Equipment and occupancy expenses 16,541 1,326 3 190 18,060 Data processing and telecommunications expenses 17,299 974 71 3 18,347 Other expenses 39,040 3,392 77 542 43,051 Total noninterest expense 128,620 29,283 550 2,705 161,158 Income before income tax expense 54,726 16,295 5,398 3,663 80,082 Income tax expense 17,285 5,703 1,889 1,282 26,159 Net income $ 37,441 $ 10,592 $ 3,509 $ 2,381 $ 53,923 Nine Months Ended Banking Retail Warehouse SBA Total (Dollars in Thousands) Interest income $ 126,283 $ 6,009 $ 3,142 $ 2,358 $ 137,792 Interest expense 10,594 - - 279 10,873 Net interest income $ 115,689 $ 6,009 $ 3,142 $ 2,079 $ 126,919 Provision for loan losses 4,343 368 - - 4,711 Noninterest income 31,512 26,532 1,028 4,107 63,179 Noninterest expense Salaries and employee benefits 48,958 16,257 363 2,453 68,031 Equipment and occupancy expenses 13,964 1,173 4 137 15,278 Data processing and telecommunications expenses 12,922 799 75 7 13,803 Other expenses 45,783 2,744 95 353 48,975 Total noninterest expense 121,627 20,973 537 2,950 146,087 Income before income tax expense 21,231 11,200 3,633 3,236 39,300 Income tax expense 6,277 3,920 1,272 1,133 12,601 Net income 14,954 7,280 2,361 2,103 26,699 |
BUSINESS COMBINATIONS (Details)
BUSINESS COMBINATIONS (Details) - USD ($) $ / shares in Units, $ in Thousands | Mar. 11, 2016 | Jun. 12, 2015 | May 22, 2015 | Sep. 30, 2016 | Sep. 30, 2015 | Dec. 31, 2015 | |
Deposits: | |||||||
Goodwill | $ 122,545 | $ 87,701 | $ 90,082 | ||||
Consideration: | |||||||
Company common stock issued | $ 72,455 | $ 0 | |||||
As Recorded by Ameris [Member] | |||||||
Assets | |||||||
Other assets | $ 35,566 | ||||||
Total assets | 528,942 | ||||||
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 | [3] | (634) | |||||
Other assets | [10] | (1,109) | |||||
Total assets | (2,544) | ||||||
Deposits: | |||||||
Noninterest-bearing | 0 | ||||||
Interest-bearing | [11] | 41,588 | |||||
Total deposits | 41,588 | ||||||
Federal funds purchased and securities sold under agreements to repurchase | [11] | (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 | [12] | (553) | |||||
Other investments | 0 | ||||||
Loans | [1] | (8,500) | |||||
Less allowance for loan losses | [13] | 3,354 | |||||
Loans, net | (5,146) | ||||||
Other real estate owned | [14] | (1,115) | |||||
Premises and equipment | [15] | (3,680) | |||||
Intangible assets | [5] | 4,577 | |||||
Other assets | [16] | 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 | [17] | 81 | |||||
Subordinated deferrable interest debentures | [18] | (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 | 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 | ||||||
Jacksonville Bancorp, Inc [Member] | Subsequent Fair Value Adjustments [Member] | |||||||
Assets | |||||||
Cash and cash equivalents | 0 | ||||||
Federal funds sold and interest-bearing balances | 0 | ||||||
Investment securities | 0 | ||||||
Other investments | 0 | ||||||
Loans | [9] | 1,857 | |||||
Less allowance for loan losses | 0 | ||||||
Loans, net | 1,857 | ||||||
Other real estate owned | 0 | ||||||
Premises and equipment | [2] | (31) | |||||
Intangible assets | [19] | (1,108) | |||||
Other assets | [10] | (1,841) | |||||
Total assets | (1,123) | ||||||
Deposits: | |||||||
Noninterest-bearing | 0 | ||||||
Interest-bearing | 0 | ||||||
Total deposits | 0 | ||||||
Other borrowings | 0 | ||||||
Other liabilities | 0 | ||||||
Subordinated deferrable interest debentures | 0 | ||||||
Total liabilities | 0 | ||||||
Net identifiable assets acquired over (under) liabilities assumed | (1,123) | ||||||
Goodwill | 1,123 | ||||||
Net assets acquired over (under) liabilities assumed | 0 | ||||||
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 | [12] | (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 | 59,894 | ||||||
Other investments | 2,458 | ||||||
Loans | 402,942 | ||||||
Less allowance for loan losses | 0 | ||||||
Loans, net | 402,942 | ||||||
Other real estate owned | 1,838 | ||||||
Premises and equipment | 4,767 | ||||||
Intangible assets | 4,746 | ||||||
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 | 63,894 | ||||||
Goodwill | 32,498 | ||||||
Net assets acquired over (under) liabilities assumed | $ 96,392 | ||||||
Consideration: | |||||||
Ameris Bancorp common shares issued | 2,549,469 | ||||||
[1] | Adjustment reflects the fair value adjustments based on the Company’s evaluation of the acquired loan portfolio. | ||||||
[2] | Adjustment reflects 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 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. | ||||||
[11] | 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. | ||||||
[12] | Adjustment reflects the fair value adjustments of the portfolio of securities available for sale as of the acquisition date. | ||||||
[13] | Adjustment reflects the elimination of Merchants’ allowance for loan losses. | ||||||
[14] | Adjustment reflects the fair value adjustment based on the Company’s evaluation of the acquired OREO portfolio. | ||||||
[15] | Adjustment reflects the fair value adjustment based on the Company’s evaluation of the acquired premises. | ||||||
[16] | 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. | ||||||
[17] | Adjustment reflects the fair value adjustments based on the Company’s evaluation of interest rate swap liabilities. | ||||||
[18] | Adjustment reflects the fair value adjustment to the subordinated deferrable interest debentures at the acquisition date. | ||||||
[19] | Adjustment reflects adjustment to the core deposit intangible on the acquired core deposit accounts. | ||||||
[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 | Sep. 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 (Detail36
BUSINESS COMBINATIONS (Details 2) - USD ($) $ in Thousands | Mar. 11, 2016 | May 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 | 374,687 | |
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 (Detail37
BUSINESS COMBINATIONS (Details 3) - Coastal Bankshares, Inc. [Member] - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2016 | Sep. 30, 2015 | Sep. 30, 2016 | Sep. 30, 2015 | |
Net interest income and noninterest income | $ 85,931 | $ 77,325 | $ 247,697 | $ 210,556 |
Net income | 21,557 | 17,076 | 54,658 | 32,621 |
Net income available to common stockholders | $ 21,557 | $ 17,076 | $ 54,658 | $ 32,621 |
Income per common share available to common stockholders - basic | $ 0.62 | $ 0.49 | $ 1.57 | $ 0.95 |
Income per common share available to common stockholders - diluted | $ 0.61 | $ 0.49 | $ 1.56 | $ 0.95 |
Average number of shares outstanding, basic | 34,870 | 34,744 | 34,817 | 34,163 |
Average number of shares outstanding, diluted | 35,195 | 35,102 | 35,131 | 34,511 |
BUSINESS COMBINATIONS (Detail38
BUSINESS COMBINATIONS (Details 4) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended | |
Sep. 30, 2016 | Sep. 30, 2015 | Dec. 31, 2015 | |
Transfers to purchased non-covered other real estate owned | $ (3,871) | $ (2,565) | |
Non Covered Loan [Member] | |||
Balance, beginning of year | 771,554 | 674,239 | $ 674,239 |
Charge-offs, net of recoveries | (904) | (814) | (991) |
Additions due to acquisitions | 402,942 | 195,818 | 195,818 |
Accretion | 10,071 | 8,055 | 10,590 |
Transfers to purchased non-covered other real estate owned | (3,871) | (2,565) | (4,473) |
Transfer from covered loans due to loss-share expiration | 45,908 | 15,462 | 50,568 |
Payments received | (158,700) | (123,311) | (154,666) |
Other | 90 | 610 | 469 |
Balance, ending of year | $ 1,067,090 | $ 767,494 | $ 771,554 |
BUSINESS COMBINATIONS (Detail39
BUSINESS COMBINATIONS (Details 5) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended | |
Sep. 30, 2016 | Sep. 30, 2015 | Dec. 31, 2015 | |
Schedule Of Covered Loans Acquired Accretable Discounts [Line Items] | |||
Accretion | $ (10,071) | $ (8,055) | |
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 | 402,942 | 195,818 | 195,818 |
Transfer from covered loans due to loss-share expiration | 45,908 | 15,462 | 50,568 |
Balance, ending of year | 1,067,090 | 767,494 | 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 | (10,071) | (8,055) | (10,590) |
Transfer from covered loans due to loss-share expiration | 3,457 | 0 | 1,665 |
Accretable discounts removed due to charge-offs | (161) | (1,686) | (1,768) |
Transfers between non-accretable and accretable discounts, net | 2,263 | (106) | 3,974 |
Balance, ending of year | $ 30,264 | $ 20,555 | $ 24,785 |
BUSINESS COMBINATIONS (Detail40
BUSINESS COMBINATIONS (Details Textual) | Mar. 11, 2016USD ($)shares | Jun. 12, 2015USD ($) | May 22, 2015USD ($) | Sep. 30, 2016USD ($) | Sep. 30, 2015USD ($) | Dec. 31, 2015USD ($) |
Goodwill, excess of the merger consideration over fair value of net assets | $ 122,545,000 | $ 87,701,000 | $ 90,082,000 | |||
Description of Merger Agreement | Under the terms of the merger, JAXBs 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 years | |||||
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 | $ 0 | |||||
Issuance of common stock, shares | shares | 2,549,469 | |||||
Accretable yield | $ 28,300,000 | |||||
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 | |||||
Discount on loans acquired | $ 13,900,000 | |||||
Percentage of discount on loans acquired | 3.33% | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-term Debt | $ 402,900,000 | |||||
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable | 72,455,000 | |||||
Jacksonville Bancorp, Inc [Member] | As Recorded by Acquired Bank [Member] | ||||||
Goodwill, excess of the merger consideration over fair value of net assets | $ 32,498,000 | |||||
Issuance of common stock, shares | shares | 2,549,469 | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment | $ 4,767,000 |
INVESTMENT SECURITIES (Details)
INVESTMENT SECURITIES (Details) - USD ($) $ in Thousands | Sep. 30, 2016 | Dec. 31, 2015 | Sep. 30, 2015 |
Schedule of Available-for-sale Securities [Line Items] | |||
Amortized Cost | $ 821,410 | $ 778,261 | $ 804,680 |
Gross Unrealized Gains | 17,079 | 8,136 | 9,259 |
Gross Unrealized Losses | (365) | (3,212) | (2,554) |
Fair Value | 838,124 | 783,185 | 811,385 |
U.S. government sponsored agencies [Member] | |||
Schedule of Available-for-sale Securities [Line Items] | |||
Amortized Cost | 999 | 14,959 | 14,957 |
Gross Unrealized Gains | 29 | 0 | 26 |
Gross Unrealized Losses | 0 | (69) | (15) |
Fair Value | 1,028 | 14,890 | 14,968 |
State, county and municipal securities [Member] | |||
Schedule of Available-for-sale Securities [Line Items] | |||
Amortized Cost | 150,083 | 157,681 | 161,509 |
Gross Unrealized Gains | 5,939 | 4,046 | 3,875 |
Gross Unrealized Losses | (28) | (411) | (519) |
Fair Value | 155,994 | 161,316 | 164,865 |
Corporate Debt Securities [Member] | |||
Schedule of Available-for-sale Securities [Line Items] | |||
Amortized Cost | 28,924 | 5,900 | 5,901 |
Gross Unrealized Gains | 194 | 145 | 150 |
Gross Unrealized Losses | (20) | (28) | (19) |
Fair Value | 29,098 | 6,017 | 6,032 |
Mortgage-backed securities [Member] | |||
Schedule of Available-for-sale Securities [Line Items] | |||
Amortized Cost | 641,404 | 599,721 | 622,313 |
Gross Unrealized Gains | 10,917 | 3,945 | 5,208 |
Gross Unrealized Losses | (317) | (2,704) | (2,001) |
Fair Value | $ 652,004 | $ 600,962 | $ 625,520 |
INVESTMENT SECURITIES (Details
INVESTMENT SECURITIES (Details 1) - USD ($) $ in Thousands | Sep. 30, 2016 | Dec. 31, 2015 | Sep. 30, 2015 |
Schedule of Available-for-sale Securities [Line Items] | |||
Due in one year or less, Amortized Cost | $ 5,260 | ||
Due from one year to five years, Amortized Cost | 63,450 | ||
Due from five to ten years, Amortized Cost | 56,521 | ||
Due after ten years, Amortized Cost | 54,775 | ||
Mortgage-backed Securities, Amortized Cost | 641,404 | ||
Amortized Cost | 821,410 | $ 778,261 | $ 804,680 |
Due in one year or less,Fair Value | 5,312 | ||
Due from one year to five years, Fair Value | 65,135 | ||
Due from five to ten years, Fair Value | 59,169 | ||
Due after ten years, Fair Value | 56,504 | ||
Mortgage-backed securities, Fair Value | 652,004 | ||
Total Fair Value | $ 838,124 | $ 783,185 | $ 811,385 |
INVESTMENT SECURITIES (Detail43
INVESTMENT SECURITIES (Details 2) - USD ($) $ in Thousands | Sep. 30, 2016 | Dec. 31, 2015 | Sep. 30, 2015 |
Schedule of Available-for-sale Securities [Line Items] | |||
Less Than 12 Months, Fair Value | $ 74,330 | $ 293,889 | $ 242,672 |
12 Months or More, Fair Value | 14,640 | 46,465 | 46,144 |
Total Fair Value | 88,970 | 340,354 | 288,816 |
Less Than 12 Months, Unrealized Losses | (217) | (2,204) | (1,500) |
12 Months or More, Unrealized Losses | (148) | (1,008) | (1,054) |
Total Unrealized Losses | (365) | (3,212) | (2,554) |
US Government Agencies [Member] | |||
Schedule of Available-for-sale Securities [Line Items] | |||
Less Than 12 Months, Fair Value | 0 | 9,932 | 0 |
12 Months or More, Fair Value | 0 | 4,958 | 4,985 |
Total Fair Value | 0 | 14,890 | 4,985 |
Less Than 12 Months, Unrealized Losses | 0 | (27) | 0 |
12 Months or More, Unrealized Losses | 0 | (42) | (15) |
Total Unrealized Losses | 0 | (69) | (15) |
State, county and municipal securities [Member] | |||
Schedule of Available-for-sale Securities [Line Items] | |||
Less Than 12 Months, Fair Value | 4,398 | 19,293 | 28,339 |
12 Months or More, Fair Value | 1,634 | 11,557 | 10,451 |
Total Fair Value | 6,032 | 30,850 | 38,790 |
Less Than 12 Months, Unrealized Losses | (17) | (199) | (297) |
12 Months or More, Unrealized Losses | (11) | (212) | (222) |
Total Unrealized Losses | (28) | (411) | (519) |
Corporate Debt Securities [Member] | |||
Schedule of Available-for-sale Securities [Line Items] | |||
Less Than 12 Months, Fair Value | 3,012 | 1,383 | 894 |
12 Months or More, Fair Value | 487 | 0 | 0 |
Total Fair Value | 3,499 | 1,383 | 894 |
Less Than 12 Months, Unrealized Losses | (5) | (28) | (19) |
12 Months or More, Unrealized Losses | (15) | 0 | 0 |
Total Unrealized Losses | (20) | (28) | (19) |
Mortgage-Backed Securities [Member] | |||
Schedule of Available-for-sale Securities [Line Items] | |||
Less Than 12 Months, Fair Value | 66,920 | 263,281 | 213,439 |
12 Months or More, Fair Value | 12,519 | 29,950 | 30,708 |
Total Fair Value | 79,439 | 293,231 | 244,147 |
Less Than 12 Months, Unrealized Losses | (195) | (1,950) | (1,184) |
12 Months or More, Unrealized Losses | (122) | (754) | (817) |
Total Unrealized Losses | $ (317) | $ (2,704) | $ (2,001) |
INVESTMENT SECURITIES (Detail44
INVESTMENT SECURITIES (Details 3) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended | |
Sep. 30, 2016 | Sep. 30, 2015 | Dec. 31, 2015 | |
Schedule of Available-for-sale Securities [Line Items] | |||
Gross gains on sales of securities | $ 312 | $ 396 | $ 396 |
Gross losses on sales of securities | (218) | (259) | (259) |
Net realized gains on sales of securities available for sale | 94 | 137 | 137 |
Sales proceeds | $ 53,026 | $ 69,208 | $ 72,528 |
INVESTMENT SECURITIES (Detail45
INVESTMENT SECURITIES (Details Textual) $ in Millions | Sep. 30, 2016USD ($) | Dec. 31, 2015USD ($) | Sep. 30, 2015USD ($) |
Schedule of Available-for-sale Securities [Line Items] | |||
Pledged Securities, carrying value | $ 416.8 | $ 551 | $ 381.9 |
Debt Securities [Member] | |||
Schedule of Available-for-sale Securities [Line Items] | |||
Number Of Securities In Security Portfolio | 414 | ||
Number of securities in unrealized loss position | 28 | ||
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 | 23 | ||
State, County and Municipal Securities [Member] | |||
Schedule of Available-for-sale Securities [Line Items] | |||
Number of securities in unrealized loss position | 3 | ||
Corporate Debt Securities [Member] | |||
Schedule of Available-for-sale Securities [Line Items] | |||
Number of securities in unrealized loss position | 2 |
LOANS (Details)
LOANS (Details) - USD ($) $ in Thousands | Sep. 30, 2016 | Dec. 31, 2015 | Sep. 30, 2015 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans and Leases Receivable, Net of Deferred Income | $ 3,091,039 | $ 2,406,877 | $ 2,290,649 |
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 | 3,091,039 | 2,406,877 | 2,290,649 |
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 | 625,947 | 449,623 | 427,747 |
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 | 328,308 | 244,693 | 220,798 |
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 | 1,297,582 | 1,104,991 | 1,067,828 |
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 | 766,933 | 570,430 | 532,285 |
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 | 68,305 | 31,125 | 31,299 |
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 | $ 3,964 | $ 6,015 | $ 10,692 |
LOANS (Details 1)
LOANS (Details 1) - USD ($) $ in Thousands | Sep. 30, 2016 | Dec. 31, 2015 | Sep. 30, 2015 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total non-covered loans | $ 22,963 | $ 21,062 | $ 22,471 |
Purchased Non-Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total non-covered loans | 1,067,090 | 771,554 | 767,494 |
Purchased Non-Covered Loans [Member] | Commercial, financial & agricultural [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total non-covered loans | 99,596 | 45,462 | 42,350 |
Purchased Non-Covered Loans [Member] | Real Estate - construction & development [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total non-covered loans | 86,099 | 72,080 | 71,109 |
Purchased Non-Covered Loans [Member] | Real Estate - Commercial & Farmland [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total non-covered loans | 590,388 | 390,755 | 385,032 |
Purchased Non-Covered Loans [Member] | Real Estate - Residential [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total non-covered loans | 286,169 | 258,153 | 263,312 |
Purchased Non-Covered Loans [Member] | Consumer installment [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total non-covered loans | $ 4,838 | $ 5,104 | $ 5,691 |
LOANS (Details 2)
LOANS (Details 2) - USD ($) $ in Thousands | Sep. 30, 2016 | Dec. 31, 2015 | Sep. 30, 2015 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Covered Loans | $ 62,291 | $ 137,529 | $ 191,021 |
Commercial, financial & agricultural [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Covered Loans | 830 | 5,546 | 13,349 |
Real Estate - construction & development [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Covered Loans | 3,220 | 7,612 | 14,266 |
Real Estate - commercial & farmland [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Covered Loans | 13,688 | 71,226 | 103,399 |
Real Estate - residential [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Covered Loans | 44,457 | 53,038 | 59,835 |
Consumer installment [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Covered Loans | $ 96 | $ 107 | $ 172 |
LOANS (Details 3)
LOANS (Details 3) - USD ($) $ in Thousands | Sep. 30, 2016 | Dec. 31, 2015 | Sep. 30, 2015 |
Excluding Purchased Non-Covered and Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans | $ 16,570 | $ 16,860 | $ 20,558 |
Purchased Non-Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans | 17,993 | 13,330 | 11,374 |
Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans | 5,834 | 13,238 | 33,084 |
Commercial, financial & agricultural [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans | 1,313 | 1,302 | 1,995 |
Commercial, financial & agricultural [Member] | Purchased Non-Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans | 744 | 1,064 | 214 |
Commercial, financial & agricultural [Member] | Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans | 128 | 2,803 | 7,916 |
Real Estate - construction & development [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans | 1,255 | 1,812 | 1,753 |
Real Estate - construction & development [Member] | Purchased Non-Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans | 2,403 | 1,106 | 916 |
Real Estate - construction & development [Member] | Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans | 60 | 1,701 | 2,934 |
Real Estate - Commercial & Farmland [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans | 7,485 | 7,019 | 11,645 |
Real Estate - Commercial & Farmland [Member] | Purchased Non-Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans | 7,796 | 4,920 | 4,728 |
Real Estate - Commercial & Farmland [Member] | Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans | 1,540 | 5,034 | 18,164 |
Real Estate - Residential [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans | 5,999 | 6,278 | 4,810 |
Real Estate - Residential [Member] | Purchased Non-Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans | 7,012 | 6,168 | 5,464 |
Real Estate - Residential [Member] | Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans | 4,078 | 3,663 | 3,979 |
Consumer installment [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans | 518 | 449 | 355 |
Consumer installment [Member] | Purchased Non-Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans | 38 | 72 | 52 |
Consumer installment [Member] | Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans | $ 28 | $ 37 | $ 91 |
LOANS (Details 4)
LOANS (Details 4) - USD ($) $ in Thousands | Sep. 30, 2016 | Dec. 31, 2015 | Sep. 30, 2015 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | $ 58,200 | $ 77,400 | |
Total Loans | 3,091,039 | $ 2,406,877 | 2,290,649 |
Excluding Purchased Non-Covered and Covered Loans [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 27,337 | 26,268 | 32,268 |
Current Loans | 3,063,702 | 2,380,609 | 2,258,381 |
Total Loans | 3,091,039 | 2,406,877 | 2,290,649 |
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 | 12,247 | 7,942 | 12,990 |
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 | 1,688 | 3,481 | 3,170 |
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 | 13,402 | 14,845 | 16,108 |
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 | 2,268 | 1,674 | 3,294 |
Current Loans | 623,679 | 447,949 | 424,453 |
Total Loans | 625,947 | 449,623 | 427,747 |
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 | 798 | 568 | 781 |
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 | 336 | 271 | 714 |
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 | 1,134 | 835 | 1,799 |
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 | 6,633 | 3,413 | 3,354 |
Current Loans | 321,675 | 241,280 | 217,444 |
Total Loans | 328,308 | 244,693 | 220,798 |
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 | 5,320 | 1,413 | 1,184 |
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 | 177 | 261 | 417 |
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 | 1,136 | 1,739 | 1,753 |
Commercial And Farmland [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 8,713 | 9,334 | 12,756 |
Current Loans | 1,288,869 | 1,095,657 | 1,055,072 |
Total Loans | 1,297,582 | 1,104,991 | 1,067,828 |
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 | 2,726 | 1,781 | 4,275 |
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 | 199 | 641 | 399 |
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 | 5,788 | 6,912 | 8,082 |
Real Estate - Residential [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 8,727 | 11,047 | 12,229 |
Current Loans | 758,206 | 559,383 | 520,056 |
Total Loans | 766,933 | 570,430 | 532,285 |
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 | 2,890 | 3,806 | 6,424 |
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 | 802 | 2,120 | 1,558 |
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 | 5,035 | 5,121 | 4,247 |
Consumer Installment [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 996 | 800 | 635 |
Current Loans | 67,309 | 30,325 | 30,664 |
Total Loans | 68,305 | 31,125 | 31,299 |
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 | 513 | 374 | 326 |
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 | 174 | 188 | 82 |
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 | 309 | 238 | 227 |
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 | 3,964 | 6,015 | 10,692 |
Total Loans | 3,964 | 6,015 | 10,692 |
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 | Sep. 30, 2016 | Dec. 31, 2015 | Sep. 30, 2015 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | $ 58,200 | $ 77,400 | |
Total Loans | 3,091,039 | $ 2,406,877 | 2,290,649 |
Purchased Non Covered Loans [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 22,369 | 22,264 | 18,178 |
Current Loans | 1,044,721 | 749,290 | 749,316 |
Total Loans | 1,067,090 | 771,554 | 767,494 |
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 | 4,646 | 8,139 | 6,970 |
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 | 3,243 | 4,514 | 2,296 |
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 | 14,480 | 9,611 | 8,912 |
Commercial Financial And Agricultural [Member] | Purchased Non Covered Loans [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 868 | 1,107 | 263 |
Current Loans | 98,728 | 44,355 | 42,087 |
Total Loans | 99,596 | 45,462 | 42,350 |
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 | 244 | 248 | 140 |
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 | 0 | 13 | 11 |
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 | 624 | 846 | 112 |
Real Estate Construction And Development [Member] | Purchased Non Covered Loans [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 3,385 | 1,523 | 781 |
Current Loans | 82,714 | 70,557 | 70,328 |
Total Loans | 86,099 | 72,080 | 71,109 |
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 | 1,082 | 416 | 322 |
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 | 233 | 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 | 2,070 | 420 | 459 |
Commercial And Farmland [Member] | Purchased Non Covered Loans [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 8,774 | 7,455 | 6,685 |
Current Loans | 581,614 | 383,300 | 378,347 |
Total Loans | 590,388 | 390,755 | 385,032 |
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 | 1,806 | 2,479 | 2,681 |
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 | 599 | 1,629 | 613 |
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 | 6,369 | 3,347 | 3,391 |
Residential Real Estate [Member] | Purchased Non Covered Loans [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 9,004 | 12,069 | 10,395 |
Current Loans | 277,165 | 246,084 | 252,917 |
Total Loans | 286,169 | 258,153 | 263,312 |
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 | 1,481 | 4,965 | 3,822 |
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 | 2,144 | 2,176 | 1,672 |
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 | 5,379 | 4,928 | 4,901 |
Consumer Installment [Member] | Purchased Non Covered Loans [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 338 | 110 | 54 |
Current Loans | 4,500 | 4,994 | 5,637 |
Total Loans | 4,838 | 5,104 | 5,691 |
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 | 33 | 31 | 5 |
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 | 267 | 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 | $ 49 |
LOANS (Details 6)
LOANS (Details 6) - USD ($) $ in Thousands | Sep. 30, 2016 | Dec. 31, 2015 | Sep. 30, 2015 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans Past Due | $ 58,200 | $ 77,400 | |
Total Loans | 3,091,039 | $ 2,406,877 | 2,290,649 |
Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans Past Due | 5,732 | 13,821 | 25,708 |
Current Loans | 56,559 | 123,708 | 165,313 |
Total Loans | 62,291 | 137,529 | 191,021 |
Loans 90 Days or More Past Due and Still Accruing | 0 | 0 | 0 |
Covered Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans Past Due | 2,067 | 2,421 | 5,203 |
Covered Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans Past Due | 947 | 1,206 | 1,449 |
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 | 2,718 | 10,194 | 19,056 |
Commercial, financial & agricultural [Member] | Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans Past Due | 128 | 2,802 | 7,974 |
Current Loans | 702 | 2,744 | 5,375 |
Total Loans | 830 | 5,546 | 13,349 |
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 | 0 | 0 | 40 |
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 | 0 | 0 | 48 |
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 | 128 | 2,802 | 7,886 |
Real Estate - construction & development [Member] | Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans Past Due | 118 | 1,729 | 4,024 |
Current Loans | 3,102 | 5,883 | 10,242 |
Total Loans | 3,220 | 7,612 | 14,266 |
Loans 90 Days or More Past Due and Still Accruing | 0 | 0 | 0 |
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 | 114 | 96 | 1,548 |
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 | 4 | 0 | 68 |
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 | 0 | 1,633 | 2,408 |
Commercial And Farmland [Member] | Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans Past Due | 907 | 3,439 | 8,126 |
Current Loans | 12,781 | 67,787 | 95,273 |
Total Loans | 13,688 | 71,226 | 103,399 |
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 | 906 | 170 | 1,003 |
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 | 550 |
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 | 1 | 3,064 | 6,573 |
Residential Real Estate [Member] | Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans Past Due | 4,579 | 5,814 | 5,535 |
Current Loans | 39,878 | 47,224 | 54,300 |
Total Loans | 44,457 | 53,038 | 59,835 |
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 | 1,047 | 2,155 | 2,612 |
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 | 943 | 1,001 | 783 |
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 | 2,589 | 2,658 | 2,140 |
Consumer installment [Member] | Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans Past Due | 0 | 37 | 49 |
Current Loans | 96 | 70 | 123 |
Total Loans | 96 | 107 | 172 |
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 | $ 0 | $ 37 | $ 49 |
LOANS (Details 7)
LOANS (Details 7) - Loans Excluding Purchased Non Covered And Covered Loan [Member] - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||
Sep. 30, 2016 | Dec. 31, 2015 | Sep. 30, 2015 | Sep. 30, 2016 | Sep. 30, 2015 | Dec. 31, 2015 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Nonaccrual loans | $ 16,570 | $ 16,860 | $ 20,558 | $ 16,570 | $ 20,558 | $ 16,860 |
Troubled debt restructurings not included above | 14,013 | 14,418 | 12,075 | 14,013 | 12,075 | 14,418 |
Total impaired loans | 30,583 | 31,278 | 32,633 | 30,583 | 32,633 | 31,278 |
Interest income recognized on impaired loans | 252 | 274 | 241 | 808 | 635 | 909 |
Foregone interest income on impaired loans | $ 239 | $ 265 | $ 309 | $ 710 | $ 939 | $ 1,204 |
LOANS (Details 8)
LOANS (Details 8) - Loans Excluding Purchased Non Covered And Covered Loan [Member] - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||
Sep. 30, 2016 | Dec. 31, 2015 | Sep. 30, 2015 | Sep. 30, 2016 | Sep. 30, 2015 | Dec. 31, 2015 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Unpaid Contractual Principal Balance | $ 34,491 | $ 37,429 | $ 38,243 | $ 34,491 | $ 38,243 | $ 37,429 |
Recorded Investment With No Allowance | 7,797 | 8,711 | 8,323 | 7,797 | 8,323 | 8,711 |
Recorded Investment With Allowance | 22,786 | 22,567 | 24,309 | 22,786 | 24,309 | 22,567 |
Total impaired loans | 30,583 | 31,278 | 32,633 | 30,583 | 32,633 | 31,278 |
Related Allowance | 4,182 | 4,209 | 4,773 | 4,182 | 4,773 | 4,209 |
Average Recorded Investment | 30,691 | 31,955 | 32,919 | 30,686 | 33,522 | 33,073 |
Commercial, financial & agricultural [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Unpaid Contractual Principal Balance | 2,568 | 3,062 | 3,761 | 2,568 | 3,761 | 3,062 |
Recorded Investment With No Allowance | 252 | 158 | 471 | 252 | 471 | 158 |
Recorded Investment With Allowance | 1,114 | 1,385 | 1,762 | 1,114 | 1,762 | 1,385 |
Total impaired loans | 1,366 | 1,543 | 2,233 | 1,366 | 2,233 | 1,543 |
Related Allowance | 118 | 135 | 528 | 118 | 528 | 135 |
Average Recorded Investment | 1,736 | 1,887 | 3,289 | 1,640 | 2,458 | 2,275 |
Real Estate - construction & development [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Unpaid Contractual Principal Balance | 2,972 | 3,581 | 3,757 | 2,972 | 3,757 | 3,581 |
Recorded Investment With No Allowance | 0 | 230 | 230 | 0 | 230 | 230 |
Recorded Investment With Allowance | 1,946 | 2,374 | 2,361 | 1,946 | 2,361 | 2,374 |
Total impaired loans | 1,946 | 2,604 | 2,591 | 1,946 | 2,591 | 2,604 |
Related Allowance | 537 | 774 | 731 | 537 | 731 | 774 |
Average Recorded Investment | 2,001 | 2,598 | 2,503 | 2,214 | 3,384 | 3,228 |
Commercial And Farmland [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Unpaid Contractual Principal Balance | 14,015 | 14,385 | 18,652 | 14,015 | 18,652 | 14,385 |
Recorded Investment With No Allowance | 5,499 | 6,702 | 5,870 | 5,499 | 5,870 | 6,702 |
Recorded Investment With Allowance | 7,520 | 6,083 | 11,494 | 7,520 | 11,494 | 6,083 |
Total impaired loans | 13,019 | 12,785 | 17,364 | 13,019 | 17,364 | 12,785 |
Related Allowance | 873 | 1,067 | 1,635 | 873 | 1,635 | 1,067 |
Average Recorded Investment | 12,776 | 15,074 | 16,459 | 12,837 | 15,684 | 15,105 |
Residential Real Estate [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Unpaid Contractual Principal Balance | 14,350 | 15,809 | 11,549 | 14,350 | 11,549 | 15,809 |
Recorded Investment With No Allowance | 2,046 | 1,621 | 1,752 | 2,046 | 1,752 | 1,621 |
Recorded Investment With Allowance | 11,667 | 12,230 | 8,266 | 11,667 | 8,266 | 12,230 |
Total impaired loans | 13,713 | 13,851 | 10,018 | 13,713 | 10,018 | 13,851 |
Related Allowance | 2,648 | 2,224 | 1,872 | 2,648 | 1,872 | 2,224 |
Average Recorded Investment | 13,686 | 11,935 | 10,185 | 13,516 | 11,509 | 11,977 |
Consumer installment [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Unpaid Contractual Principal Balance | 586 | 592 | 524 | 586 | 524 | 592 |
Recorded Investment With No Allowance | 0 | 0 | 0 | 0 | 0 | 0 |
Recorded Investment With Allowance | 539 | 495 | 426 | 539 | 426 | 495 |
Total impaired loans | 539 | 495 | 426 | 539 | 426 | 495 |
Related Allowance | 6 | 9 | 7 | 6 | 7 | 9 |
Average Recorded Investment | $ 492 | $ 461 | $ 483 | $ 479 | $ 487 | $ 488 |
LOANS (Details 9)
LOANS (Details 9) - Purchased Non Covered Loans [Member] - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||
Sep. 30, 2016 | Dec. 31, 2015 | Sep. 30, 2015 | Sep. 30, 2016 | Sep. 30, 2015 | Dec. 31, 2015 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Nonaccrual loans | $ 17,993 | $ 13,330 | $ 11,374 | $ 17,993 | $ 11,374 | $ 13,330 |
Troubled debt restructurings not included above | 9,294 | 9,373 | 7,188 | 9,294 | 7,188 | 9,373 |
Total impaired loans | 27,287 | 22,703 | 18,562 | 27,287 | 18,562 | 22,703 |
Interest income recognized on impaired loans | 1,339 | 442 | 158 | 1,885 | 342 | 785 |
Forgone interest income on impaired loans | $ 264 | $ 245 | $ 198 | $ 883 | $ 1,121 | $ 1,365 |
LOANS (Details 10)
LOANS (Details 10) - Purchased Non Covered Loans [Member] - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||
Sep. 30, 2016 | Dec. 31, 2015 | Sep. 30, 2015 | Sep. 30, 2016 | Sep. 30, 2015 | Dec. 31, 2015 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Unpaid Contractual Principal Balance | $ 74,619 | $ 42,129 | $ 36,264 | $ 74,619 | $ 36,264 | $ 42,129 |
Recorded Investment With No Allowance | 5,278 | 22,703 | 18,562 | 5,278 | 18,562 | 22,703 |
Recorded Investment With Allowance | 22,009 | 0 | 0 | 22,009 | 0 | 0 |
Total Recorded Investment | 27,287 | 22,703 | 18,562 | 27,287 | 18,562 | 22,703 |
Related Allowance | 1,285 | 0 | 0 | 1,285 | 0 | 0 |
Average Recorded Investment | 26,054 | 20,633 | 21,402 | 25,799 | 20,275 | 20,759 |
Commercial Financial And Agricultural [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Unpaid Contractual Principal Balance | 4,801 | 3,103 | 1,137 | 4,801 | 1,137 | 3,103 |
Recorded Investment With No Allowance | 520 | 1,066 | 214 | 520 | 214 | 1,066 |
Recorded Investment With Allowance | 225 | 0 | 0 | 225 | 0 | 0 |
Total Recorded Investment | 745 | 1,066 | 214 | 745 | 214 | 1,066 |
Related Allowance | 0 | 0 | 0 | 0 | 0 | 0 |
Average Recorded Investment | 710 | 640 | 262 | 787 | 224 | 392 |
Real Estate Construction And Development [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Unpaid Contractual Principal Balance | 23,284 | 8,987 | 9,211 | 23,284 | 9,211 | 8,987 |
Recorded Investment With No Allowance | 233 | 1,469 | 1,268 | 233 | 1,268 | 1,469 |
Recorded Investment With Allowance | 2,699 | 0 | 0 | 2,699 | 0 | 0 |
Total Recorded Investment | 2,932 | 1,469 | 1,268 | 2,932 | 1,268 | 1,469 |
Related Allowance | 183 | 0 | 0 | 183 | 0 | 0 |
Average Recorded Investment | 2,306 | 1,369 | 1,563 | 2,053 | 1,419 | 1,429 |
Commercial And Farmland [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Unpaid Contractual Principal Balance | 34,021 | 14,999 | 13,399 | 34,021 | 13,399 | 14,999 |
Recorded Investment With No Allowance | 1,778 | 11,134 | 8,799 | 1,778 | 8,799 | 11,134 |
Recorded Investment With Allowance | 11,858 | 0 | 0 | 11,858 | 0 | 0 |
Total Recorded Investment | 13,636 | 11,134 | 8,799 | 13,636 | 8,799 | 11,134 |
Related Allowance | 380 | 0 | 0 | 380 | 0 | 0 |
Average Recorded Investment | 13,310 | 9,966 | 11,245 | 13,732 | 10,724 | 10,806 |
Residential Real Estate [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Unpaid Contractual Principal Balance | 12,458 | 14,946 | 12,443 | 12,458 | 12,443 | 14,946 |
Recorded Investment With No Allowance | 2,705 | 8,957 | 8,224 | 2,705 | 8,224 | 8,957 |
Recorded Investment With Allowance | 7,227 | 0 | 0 | 7,227 | 0 | 0 |
Total Recorded Investment | 9,932 | 8,957 | 8,224 | 9,932 | 8,224 | 8,957 |
Related Allowance | 722 | 0 | 0 | 722 | 0 | 0 |
Average Recorded Investment | 9,685 | 8,591 | 8,255 | 9,163 | 7,845 | 8,067 |
Consumer installment [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Unpaid Contractual Principal Balance | 55 | 94 | 74 | 55 | 74 | 94 |
Recorded Investment With No Allowance | 42 | 77 | 57 | 42 | 57 | 77 |
Recorded Investment With Allowance | 0 | 0 | 0 | 0 | 0 | 0 |
Total Recorded Investment | 42 | 77 | 57 | 42 | 57 | 77 |
Related Allowance | 0 | 0 | 0 | 0 | 0 | 0 |
Average Recorded Investment | $ 43 | $ 67 | $ 76 | $ 64 | $ 63 | $ 65 |
LOANS (Details 11)
LOANS (Details 11) - Impaired Covered Loans [Member] - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||
Sep. 30, 2016 | Dec. 31, 2015 | Sep. 30, 2015 | Sep. 30, 2016 | Sep. 30, 2015 | Dec. 31, 2015 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Nonaccrual loans | $ 5,834 | $ 13,238 | $ 33,084 | $ 5,834 | $ 33,084 | $ 13,238 |
Troubled debt restructurings not included above | 11,823 | 13,283 | 16,576 | 11,823 | 16,576 | 13,283 |
Total impaired loans | 17,657 | 26,521 | 49,660 | 17,657 | 49,660 | 26,521 |
Interest income recognized on impaired loans | 154 | 154 | 268 | 493 | 732 | 886 |
Foregone interest income on impaired loans | $ 82 | $ 181 | $ 468 | $ 400 | $ 1,416 | $ 1,596 |
LOANS (Details 12)
LOANS (Details 12) - Covered Loans [Member] - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||
Sep. 30, 2016 | Dec. 31, 2015 | Sep. 30, 2015 | Sep. 30, 2016 | Sep. 30, 2015 | Dec. 31, 2015 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Unpaid Contractual Principal Balance | $ 22,835 | $ 56,705 | $ 101,337 | $ 22,835 | $ 101,337 | $ 56,705 |
Recorded Investment With No Allowance | 5,076 | 26,521 | 49,660 | 5,076 | 49,660 | 26,521 |
Recorded Investment With Allowance | 12,581 | 0 | 0 | 12,581 | 0 | 0 |
Total Recorded Investment | 17,657 | 26,521 | 49,660 | 17,657 | 49,660 | 26,521 |
Related Allowance | 236 | 0 | 0 | 236 | 0 | 0 |
Average Recorded Investment | 20,109 | 38,091 | 50,470 | 23,094 | 54,514 | 48,914 |
Commercial, financial & agricultural [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Unpaid Contractual Principal Balance | 296 | 5,188 | 11,794 | 296 | 11,794 | 5,188 |
Recorded Investment With No Allowance | 128 | 2,802 | 7,918 | 128 | 7,918 | 2,802 |
Recorded Investment With Allowance | 0 | 0 | 0 | 0 | 0 | 0 |
Total Recorded Investment | 128 | 2,802 | 7,918 | 128 | 7,918 | 2,802 |
Related Allowance | 0 | 0 | 0 | 0 | 0 | 0 |
Average Recorded Investment | 128 | 5,360 | 8,625 | 1,464 | 8,560 | 7,408 |
Real Estate - construction & development [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Unpaid Contractual Principal Balance | 969 | 15,119 | 29,596 | 969 | 29,596 | 15,119 |
Recorded Investment With No Allowance | 63 | 2,480 | 5,780 | 63 | 5,780 | 2,480 |
Recorded Investment With Allowance | 810 | 0 | 0 | 810 | 0 | 0 |
Total Recorded Investment | 873 | 2,480 | 5,780 | 873 | 5,780 | 2,480 |
Related Allowance | 1 | 0 | 0 | 1 | 0 | 0 |
Average Recorded Investment | 1,640 | 4,130 | 6,166 | 2,022 | 8,013 | 6,906 |
Real Estate - Commercial & Farmland [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Unpaid Contractual Principal Balance | 7,077 | 20,508 | 41,724 | 7,077 | 41,724 | 20,508 |
Recorded Investment With No Allowance | 83 | 7,001 | 21,265 | 83 | 21,265 | 7,001 |
Recorded Investment With Allowance | 3,258 | 0 | 0 | 3,258 | 0 | 0 |
Total Recorded Investment | 3,341 | 7,001 | 21,265 | 3,341 | 21,265 | 7,001 |
Related Allowance | 22 | 0 | 0 | 22 | 0 | 0 |
Average Recorded Investment | 4,886 | 14,133 | 20,697 | 5,837 | 21,380 | 18,504 |
Residential Real Estate [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Unpaid Contractual Principal Balance | 14,450 | 15,830 | 18,097 | 14,450 | 18,097 | 15,830 |
Recorded Investment With No Allowance | 4,768 | 14,192 | 14,605 | 4,768 | 14,605 | 14,192 |
Recorded Investment With Allowance | 8,513 | 0 | 0 | 8,513 | 0 | 0 |
Total Recorded Investment | 13,281 | 14,192 | 14,605 | 13,281 | 14,605 | 14,192 |
Related Allowance | 213 | 0 | 0 | 213 | 0 | 0 |
Average Recorded Investment | 13,418 | 14,399 | 14,881 | 13,730 | 16,465 | 16,010 |
Consumer Installment [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Unpaid Contractual Principal Balance | 43 | 60 | 126 | 43 | 126 | 60 |
Recorded Investment With No Allowance | 34 | 46 | 92 | 34 | 92 | 46 |
Recorded Investment With Allowance | 0 | 0 | 0 | 0 | 0 | 0 |
Total Recorded Investment | 34 | 46 | 92 | 34 | 92 | 46 |
Related Allowance | 0 | 0 | 0 | 0 | 0 | 0 |
Average Recorded Investment | $ 37 | $ 69 | $ 101 | $ 41 | $ 96 | $ 86 |
LOANS (Details 13)
LOANS (Details 13) - USD ($) $ in Thousands | Sep. 30, 2016 | Dec. 31, 2015 | Sep. 30, 2015 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | $ 3,091,039 | $ 2,406,877 | $ 2,290,649 |
Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 3,091,039 | 2,406,877 | 2,290,649 |
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 | 625,947 | 449,623 | 427,747 |
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 | 328,308 | 244,693 | 220,798 |
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 | 1,297,582 | 1,104,991 | 1,067,828 |
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 | 766,933 | 570,430 | 532,285 |
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 | 68,305 | 31,125 | 31,299 |
Other [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 3,964 | 6,015 | 10,692 |
10 [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 398,781 | 250,609 | 231,281 |
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 | 381,814 | 241,721 | 222,693 |
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 | 294 |
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 | 9,053 | 116 | 116 |
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 | 127 | 1,606 | 1,490 |
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 | 7,787 | 6,872 | 6,688 |
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 | 190,389 | 227,730 | 234,185 |
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 | 23,627 | 28,420 | 23,807 |
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 | 6,732 | 2,074 | 2,150 |
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 | 105,298 | 117,880 | 123,515 |
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 | 54,346 | 78,165 | 83,361 |
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 | 386 | 1,191 | 1,352 |
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 | 1,608,073 | 1,224,320 | 1,148,024 |
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 | 105,573 | 97,142 | 99,414 |
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 | 41,759 | 46,221 | 45,091 |
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 | 835,021 | 685,538 | 645,949 |
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 | 596,886 | 369,624 | 327,576 |
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 | 24,870 | 19,780 | 19,302 |
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 | 3,964 | 6,015 | 10,692 |
23 [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 22,763 | 27,607 | 26,477 |
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 | 372 | 559 | 645 |
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 | 7,126 | 7,827 | 7,754 |
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 | 8,719 | 13,073 | 11,792 |
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 | 6,530 | 6,112 | 6,240 |
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 | 16 | 36 | 46 |
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 | 797,148 | 609,413 | 579,642 |
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 | 108,887 | 77,829 | 75,635 |
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 | 266,728 | 183,512 | 159,944 |
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 | 299,714 | 254,012 | 250,575 |
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 | 87,480 | 91,465 | 90,320 |
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 | 34,339 | 2,595 | 3,168 |
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 | 31,764 | 24,423 | 22,190 |
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 | 967 | 1,492 | 2,378 |
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 | 3,087 | 1,620 | 2,035 |
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 | 23,457 | 13,821 | 9,762 |
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 | 4,165 | 7,347 | 7,811 |
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 | 88 | 143 | 204 |
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 | 42,121 | 42,773 | 48,848 |
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 | 4,707 | 2,460 | 3,175 |
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 | 2,876 | 3,145 | 3,530 |
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 | 16,320 | 20,551 | 26,119 |
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 | 17,399 | 16,111 | 15,487 |
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 | 819 | 506 | 537 |
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 | 2 |
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 | 2 |
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 | Sep. 30, 2016 | Dec. 31, 2015 | Sep. 30, 2015 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | $ 3,091,039 | $ 2,406,877 | $ 2,290,649 |
Purchased Non Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 1,067,090 | 771,554 | 767,494 |
Purchased Non Covered Loans [Member] | 10 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 6,543 | 9,602 | 9,801 |
Purchased Non Covered Loans [Member] | 15 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 42,257 | 51,168 | 50,906 |
Purchased Non Covered Loans [Member] | 20 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 331,309 | 336,990 | 348,034 |
Purchased Non Covered Loans [Member] | 23 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 27,504 | 12,029 | 10,612 |
Purchased Non Covered Loans [Member] | 25 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 575,280 | 294,829 | 290,272 |
Purchased Non Covered Loans [Member] | 30 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 44,838 | 30,693 | 26,458 |
Purchased Non Covered Loans [Member] | 40 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 39,359 | 36,211 | 31,381 |
Purchased Non Covered Loans [Member] | 50 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 30 | 30 |
Purchased Non Covered Loans [Member] | 60 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 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 | 99,596 | 45,462 | 42,350 |
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 | 5,676 | 8,592 | 8,741 |
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 | 1,055 | 1,186 | 1,229 |
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 | 16,726 | 10,057 | 10,982 |
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 | 70,241 | 17,565 | 17,873 |
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 | 4,716 | 6,657 | 2,379 |
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 | 1,182 | 1,373 | 1,116 |
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 | 0 | 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 | 0 | 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 | 86,099 | 72,080 | 71,109 |
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 | 1,805 |
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 | 7,741 | 13,678 | 13,518 |
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 | 3,677 | 438 | 230 |
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 | 63,343 | 47,517 | 48,137 |
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 | 7,609 | 4,185 | 3,418 |
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 | 3,729 | 5,119 | 4,001 |
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 | 590,388 | 390,755 | 385,032 |
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 | 0 |
Purchased Non Covered Loans [Member] | Commercial And Farmland [Member] | 15 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 7,842 | 10,490 | 8,440 |
Purchased Non Covered Loans [Member] | Commercial And Farmland [Member] | 20 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 196,901 | 183,219 | 187,329 |
Purchased Non Covered Loans [Member] | Commercial And Farmland [Member] | 23 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 11,925 | 5,177 | 4,079 |
Purchased Non Covered Loans [Member] | Commercial And Farmland [Member] | 25 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 328,657 | 162,253 | 159,816 |
Purchased Non Covered Loans [Member] | Commercial And Farmland [Member] | 30 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 26,782 | 14,297 | 12,997 |
Purchased Non Covered Loans [Member] | Commercial And Farmland [Member] | 40 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 18,281 | 15,319 | 12,371 |
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 | 286,169 | 258,153 | 263,312 |
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 | 32,763 | 37,808 | 38,643 |
Purchased Non Covered Loans [Member] | Residential Real Estate [Member] | 20 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 108,007 | 128,005 | 133,914 |
Purchased Non Covered Loans [Member] | Residential Real Estate [Member] | 23 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 11,902 | 6,414 | 6,303 |
Purchased Non Covered Loans [Member] | Residential Real Estate [Member] | 25 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 111,720 | 66,166 | 63,049 |
Purchased Non Covered Loans [Member] | Residential Real Estate [Member] | 30 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 5,731 | 5,503 | 7,609 |
Purchased Non Covered Loans [Member] | Residential Real Estate [Member] | 40 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 16,046 | 14,257 | 13,794 |
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 | 0 |
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 | 4,838 | 5,104 | 5,691 |
Purchased Non Covered Loans [Member] | Consumer installment [Member] | 10 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 867 | 1,010 | 1,060 |
Purchased Non Covered Loans [Member] | Consumer installment [Member] | 15 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 597 | 541 | 789 |
Purchased Non Covered Loans [Member] | Consumer installment [Member] | 20 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 1,934 | 2,031 | 2,291 |
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 | 1,319 | 1,328 | 1,397 |
Purchased Non Covered Loans [Member] | Consumer installment [Member] | 30 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 51 | 55 |
Purchased Non Covered Loans [Member] | Consumer installment [Member] | 40 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 121 | 143 | 99 |
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 | Sep. 30, 2016 | Dec. 31, 2015 | Sep. 30, 2015 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | $ 3,091,039 | $ 2,406,877 | $ 2,290,649 |
Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 62,291 | 137,529 | 191,021 |
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 | 593 |
Covered Loans [Member] | 20 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 10,235 | 22,631 | 30,031 |
Covered Loans [Member] | 23 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 4,337 | 8,732 | 11,232 |
Covered Loans [Member] | 25 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 28,992 | 69,598 | 93,675 |
Covered Loans [Member] | 30 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 5,853 | 8,242 | 17,045 |
Covered Loans [Member] | 40 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 12,874 | 28,326 | 38,443 |
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 | 2 |
Covered Loans [Member] | Commercial Financial And Agricultural [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 830 | 5,546 | 13,349 |
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 | 23 | 93 | 327 |
Covered Loans [Member] | Commercial Financial And Agricultural [Member] | 23 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 23 | 52 | 53 |
Covered Loans [Member] | Commercial Financial And Agricultural [Member] | 25 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 657 | 2,594 | 4,476 |
Covered Loans [Member] | Commercial Financial And Agricultural [Member] | 30 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 5 | 4,060 |
Covered Loans [Member] | Commercial Financial And Agricultural [Member] | 40 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 127 | 2,802 | 4,431 |
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 | 2 |
Covered Loans [Member] | Real Estate Construction And Development [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 3,220 | 7,612 | 14,266 |
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 | 551 | 800 | 1,147 |
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 | 2,214 | 3,907 | 8,241 |
Covered Loans [Member] | Real Estate Construction And Development [Member] | 30 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 357 | 828 | 1,965 |
Covered Loans [Member] | Real Estate Construction And Development [Member] | 40 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 98 | 2,077 | 2,913 |
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 | 13,688 | 71,226 | 103,399 |
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 | 478 |
Covered Loans [Member] | Real estate - commercial & farmland [Member] | 20 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 2,203 | 11,698 | 16,211 |
Covered Loans [Member] | Real estate - commercial & farmland [Member] | 23 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 298 | 2,957 | 4,783 |
Covered Loans [Member] | Real estate - commercial & farmland [Member] | 25 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 5,757 | 38,741 | 53,126 |
Covered Loans [Member] | Real estate - commercial & farmland [Member] | 30 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 1,825 | 2,857 | 5,539 |
Covered Loans [Member] | Real estate - commercial & farmland [Member] | 40 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 3,605 | 14,973 | 23,262 |
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 | 44,457 | 53,038 | 59,835 |
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 | 115 |
Covered Loans [Member] | Real estate - residential [Member] | 20 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 7,458 | 10,040 | 12,304 |
Covered Loans [Member] | Real estate - residential [Member] | 23 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 4,016 | 5,723 | 6,396 |
Covered Loans [Member] | Real estate - residential [Member] | 25 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 20,349 | 24,345 | 27,795 |
Covered Loans [Member] | Real estate - residential [Member] | 30 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 3,625 | 4,552 | 5,481 |
Covered Loans [Member] | Real estate - residential [Member] | 40 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 9,009 | 8,378 | 7,744 |
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 | 96 | 107 | 172 |
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 | 42 |
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 | 15 | 11 | 37 |
Covered Loans [Member] | Consumer installment [Member] | 30 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 46 | 0 | 0 |
Covered Loans [Member] | Consumer installment [Member] | 40 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 35 | 96 | 93 |
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 | Sep. 30, 2016USD ($)Contract | Dec. 31, 2015USD ($) | Sep. 30, 2015USD ($)Contract |
Non Covered Loan [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 8 | 16 | |
Troubled debt restructuring loans | $ | $ 1,311 | $ 2,391 | |
Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 27 | 49 | |
Troubled debt restructuring loans | $ | $ 14,013 | $ 14,418 | $ 12,075 |
Commercial, financial & agricultural [Member] | Non Covered Loan [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 0 | 1 | |
Troubled debt restructuring loans | $ | $ 0 | $ 1 | |
Commercial, financial & agricultural [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 5 | 4 | |
Troubled debt restructuring loans | $ | $ 59 | $ 26 | |
Real Estate - construction & development [Member] | Non Covered Loan [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 0 | 2 | |
Troubled debt restructuring loans | $ | $ 0 | $ 30 | |
Real Estate - construction & development [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 2 | 2 | |
Troubled debt restructuring loans | $ | $ 251 | $ 15 | |
Real estate - commercial & farmland [Member] | Non Covered Loan [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 2 | 3 | |
Troubled debt restructuring loans | $ | $ 235 | $ 622 | |
Real estate - commercial & farmland [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 4 | 2 | |
Troubled debt restructuring loans | $ | $ 1,658 | $ 2,125 | |
Real estate - residential [Member] | Non Covered Loan [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 6 | 7 | |
Troubled debt restructuring loans | $ | $ 1,076 | $ 1,730 | |
Real estate - residential [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 7 | 28 | |
Troubled debt restructuring loans | $ | $ 887 | $ 2,089 | |
Consumer installment [Member] | Non Covered Loan [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 0 | 3 | |
Troubled debt restructuring loans | $ | $ 0 | $ 8 | |
Consumer installment [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 9 | 13 | |
Troubled debt restructuring loans | $ | $ 44 | $ 47 |
LOANS (Details 17)
LOANS (Details 17) $ in Thousands | Sep. 30, 2016USD ($)Contract | Dec. 31, 2015USD ($) | Sep. 30, 2015USD ($)Contract |
Excluding Purchased Non-Covered and Covered Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 27 | 49 | |
Troubled debt restructuring loans | $ 14,013 | $ 14,418 | $ 12,075 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Financing Receivables, 30 Days Past Due [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 15 | 38 | |
Troubled debt restructuring loans | $ 793 | $ 2,568 | |
Covered Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Troubled debt restructuring loans | $ 13,900 | 15,500 | $ 20,500 |
Covered Loans [Member] | Financing Receivables, 30 Days Past Due [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 13 | 12 | |
Troubled debt restructuring loans | $ 516 | $ 1,265 | |
Purchased Non Covered Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 4 | 20 | |
Troubled debt restructuring loans | $ 9,294 | 9,373 | $ 7,188 |
Purchased Non 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 | $ 217 | $ 618 | |
Commercial Financial And Agricultural [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 5 | 4 | |
Troubled debt restructuring loans | $ 59 | $ 26 | |
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 | 5 | 4 | |
Troubled debt restructuring loans | $ 51 | $ 18 | |
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] | |||
Number of contracts | Contract | 1 | 1 | |
Troubled debt restructuring loans | $ 76 | $ 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 | 2 | 2 | |
Troubled debt restructuring loans | $ 251 | $ 15 | |
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 | 2 | |
Troubled debt restructuring loans | $ 0 | $ 34 | |
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 Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 0 | 2 | |
Troubled debt restructuring loans | $ 0 | $ 312 | |
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 | 1 | 0 | |
Troubled debt restructuring loans | $ 10 | $ 0 | |
Commercial And Farmland [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 4 | 2 | |
Troubled debt restructuring loans | $ 1,658 | $ 2,125 | |
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 | 5 | 5 | |
Troubled debt restructuring loans | $ 517 | $ 1,011 | |
Commercial And Farmland [Member] | Covered Loans [Member] | Financing Receivables, 30 Days Past Due [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 0 | 3 | |
Troubled debt restructuring loans | $ 0 | $ 177 | |
Commercial And Farmland [Member] | Purchased Non Covered Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 1 | 5 | |
Troubled debt restructuring loans | $ 473 | $ 1,492 | |
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 | 1 | 0 | |
Troubled debt restructuring loans | $ 207 | $ 0 | |
Residential Real Estate [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 7 | 28 | |
Troubled debt restructuring loans | $ 887 | $ 2,089 | |
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 | 3 | 18 | |
Troubled debt restructuring loans | $ 219 | $ 1,473 | |
Residential Real Estate [Member] | Covered Loans [Member] | Financing Receivables, 30 Days Past Due [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 11 | 9 | |
Troubled debt restructuring loans | $ 440 | $ 1,088 | |
Residential Real Estate [Member] | Purchased Non Covered Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 2 | 12 | |
Troubled debt restructuring loans | $ 54 | $ 679 | |
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 | 2 | |
Troubled debt restructuring loans | $ 0 | $ 618 | |
Consumer installment [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 9 | 13 | |
Troubled debt restructuring loans | $ 44 | $ 47 | |
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 | 2 | 9 | |
Troubled debt restructuring loans | $ 6 | $ 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 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 | Sep. 30, 2016USD ($)Contract | Dec. 31, 2015USD ($)Contract | Sep. 30, 2015USD ($)ContractNumber |
Purchased Non Covered Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 4 | 20 | |
Troubled debt restructuring loans | $ 9,294 | $ 9,373 | $ 7,188 |
Purchased Non Covered Loans [Member] | Non-Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 14 | 14 | 9 |
Troubled debt restructuring loans | $ 1,102 | $ 658 | $ 467 |
Purchased Non 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 | $ 217 | $ 618 | |
Purchased Non Covered Loans [Member] | Financing Receivables, 30 Days Past Due [Member] | Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 33 | 31 | 22 |
Troubled debt restructuring loans | $ 9,293 | $ 9,373 | $ 7,188 |
Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 27 | 49 | |
Troubled debt restructuring loans | $ 14,013 | $ 14,418 | $ 12,075 |
Loans Excluding Purchased Non Covered And Covered Loan [Member] | Non-Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 69 | ||
Troubled debt restructuring loans | $ 3,131 | ||
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 | 15 | 38 | |
Troubled debt restructuring loans | $ 793 | $ 2,568 | |
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 | 89 | 94 | 97 |
Troubled debt restructuring loans | $ 14,013 | $ 14,418 | $ 12,075 |
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 | 48 | |
Troubled debt restructuring loans | $ 1,986 | $ 1,864 | |
Covered Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Troubled debt restructuring loans | $ 13,900 | $ 15,500 | $ 20,500 |
Covered Loans [Member] | Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | 97 | 107 | 110 |
Troubled debt restructuring loans | $ 11,823 | $ 13,283 | $ 16,576 |
Covered Loans [Member] | Non-Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | 32 | 31 | 30 |
Troubled debt restructuring loans | $ 2,043 | $ 2,184 | $ 3,941 |
Covered Loans [Member] | Financing Receivables, 30 Days Past Due [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 13 | 12 | |
Troubled debt restructuring loans | $ 516 | $ 1,265 | |
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 | $ 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 | $ 16 | ||
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 | 5 | 4 | |
Troubled debt restructuring loans | $ 59 | $ 26 | |
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 | 5 | 4 | |
Troubled debt restructuring loans | $ 51 | $ 18 | |
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 | 4 | 4 | 4 |
Troubled debt restructuring loans | $ 53 | $ 240 | $ 238 |
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 | 14 | 10 | 8 |
Troubled debt restructuring loans | $ 112 | $ 110 | $ 68 |
Commercial, financial & agricultural [Member] | Covered Loans [Member] | Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | 0 | 0 | 1 |
Troubled debt restructuring loans | $ 0 | $ 0 | $ 2 |
Commercial, financial & agricultural [Member] | Covered Loans [Member] | Non-Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | 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] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 0 | 2 | |
Troubled debt restructuring loans | $ 0 | $ 312 | |
Real Estate - construction & development [Member] | Purchased Non Covered Loans [Member] | Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 2 | 1 | 1 |
Troubled debt restructuring loans | $ 529 | $ 363 | $ 351 |
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 | 2 |
Troubled debt restructuring loans | $ 33 | $ 42 | $ 30 |
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 | 1 | 0 | |
Troubled debt restructuring loans | $ 10 | $ 0 | |
Real Estate - construction & development [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 2 | 2 | |
Troubled debt restructuring loans | $ 251 | $ 15 | |
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 | 2 | |
Troubled debt restructuring loans | $ 0 | $ 34 | |
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 | 8 | 11 | 12 |
Troubled debt restructuring loans | $ 691 | $ 792 | $ 838 |
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 | 2 | 3 | 2 |
Troubled debt restructuring loans | $ 35 | $ 63 | $ 30 |
Real Estate - construction & development [Member] | Covered Loans [Member] | Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | 4 | 4 | 3 |
Troubled debt restructuring loans | $ 813 | $ 779 | $ 2,847 |
Real Estate - construction & development [Member] | Covered Loans [Member] | Non-Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | 0 | 0 | 3 |
Troubled debt restructuring loans | $ 0 | $ 0 | $ 325 |
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] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 1 | 5 | |
Troubled debt restructuring loans | $ 473 | $ 1,492 | |
Real estate - commercial & farmland [Member] | Purchased Non Covered Loans [Member] | Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 13 | 14 | 6 |
Troubled debt restructuring loans | $ 5,840 | $ 6,214 | $ 4,071 |
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 | $ 566 | $ 412 | $ 36 |
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 | 1 | 0 | |
Troubled debt restructuring loans | $ 207 | $ 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 | 2 | |
Troubled debt restructuring loans | $ 1,658 | $ 2,125 | |
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 | 5 | 5 | |
Troubled debt restructuring loans | $ 517 | $ 1,011 | |
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 | 17 | 16 | 15 |
Troubled debt restructuring loans | $ 5,535 | $ 5,766 | $ 5,719 |
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 | 5 | 3 | 4 |
Troubled debt restructuring loans | $ 2,015 | $ 596 | $ 943 |
Real estate - commercial & farmland [Member] | Covered Loans [Member] | Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | 4 | 4 | 9 |
Troubled debt restructuring loans | $ 1,801 | $ 1,967 | $ 3,101 |
Real estate - commercial & farmland [Member] | Covered Loans [Member] | Non-Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | 2 | 3 | 8 |
Troubled debt restructuring loans | $ 680 | $ 1,067 | $ 2,449 |
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 | 3 | |
Troubled debt restructuring loans | $ 0 | $ 177 | |
Real Estate - Residential [Member] | Purchased Non Covered Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 2 | 12 | |
Troubled debt restructuring loans | $ 54 | $ 679 | |
Real Estate - Residential [Member] | Purchased Non Covered Loans [Member] | Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 16 | 13 | 13 |
Troubled debt restructuring loans | $ 2,919 | $ 2,789 | $ 2,761 |
Real Estate - Residential [Member] | Purchased Non Covered Loans [Member] | Non-Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 5 | 4 | 3 |
Troubled debt restructuring loans | $ 486 | $ 180 | $ 397 |
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 | 2 | |
Troubled debt restructuring loans | $ 0 | $ 618 | |
Real Estate - Residential [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 7 | 28 | |
Troubled debt restructuring loans | $ 887 | $ 2,089 | |
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 | 3 | 18 | |
Troubled debt restructuring loans | $ 219 | $ 1,473 | |
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 | 53 | 51 | 51 |
Troubled debt restructuring loans | $ 7,713 | $ 7,574 | $ 5,209 |
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 | 19 | 20 | 16 |
Troubled debt restructuring loans | $ 849 | $ 1,123 | $ 759 |
Real Estate - Residential [Member] | Covered Loans [Member] | Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | 88 | 97 | 96 |
Troubled debt restructuring loans | $ 9,203 | $ 10,529 | $ 10,625 |
Real Estate - Residential [Member] | Covered Loans [Member] | Non-Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | 27 | 26 | 17 |
Troubled debt restructuring loans | $ 1,287 | $ 1,116 | $ 1,167 |
Real Estate - Residential [Member] | Covered Loans [Member] | Financing Receivables, 30 Days Past Due [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 11 | 9 | |
Troubled debt restructuring loans | $ 440 | $ 1,088 | |
Consumer installment [Member] | Purchased Non Covered Loans [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] | Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 1 | 2 | 2 |
Troubled debt restructuring loans | $ 4 | $ 5 | $ 5 |
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 | $ 1 | $ 3 | $ 3 |
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 | 9 | 13 | |
Troubled debt restructuring loans | $ 44 | $ 47 | |
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 | 2 | 9 | |
Troubled debt restructuring loans | $ 6 | $ 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 | 15 |
Troubled debt restructuring loans | $ 21 | $ 46 | $ 71 |
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 | 29 | 23 | 18 |
Troubled debt restructuring loans | $ 120 | $ 94 | $ 64 |
Consumer installment [Member] | Covered Loans [Member] | Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | 1 | 2 | 1 |
Troubled debt restructuring loans | $ 6 | $ 8 | $ 1 |
Consumer installment [Member] | Covered Loans [Member] | Non-Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | 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 | 9 Months Ended | 12 Months Ended | ||||||||
Sep. 30, 2016 | Sep. 30, 2015 | Sep. 30, 2016 | Sep. 30, 2015 | Dec. 31, 2015 | Sep. 30, 2016 | Dec. 31, 2015 | Sep. 30, 2015 | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||||||||
Balance, Allowance | $ 21,734 | $ 21,658 | $ 21,062 | $ 21,157 | $ 21,157 | ||||||
Provision for loan losses | 811 | 986 | 2,381 | 4,711 | 5,264 | ||||||
Loans charged off | (1,451) | (1,267) | (4,641) | (6,459) | (9,133) | ||||||
Recoveries of loans previously charged off | 1,869 | 1,094 | 4,161 | 3,062 | 3,774 | ||||||
Balance, Allowance | 22,963 | 22,471 | 22,963 | 22,471 | 21,062 | ||||||
Loans individually evaluated for impairment, Allowance | $ 5,670 | [1] | $ 4,131 | [2] | $ 4,699 | [3] | |||||
Loans collectively evaluated for impairment, Allowance | 17,293 | 16,931 | 17,772 | ||||||||
Balance, Allowance | 21,734 | 21,658 | 22,963 | 21,157 | 21,062 | 22,963 | 21,062 | 22,471 | |||
Individually evaluated for impairment, Loan | 59,839 | [1] | 68,701 | [2] | 24,827 | [3] | |||||
Collectively evaluated for impairment, Loan | 4,630,320 | 3,697,437 | 3,428,482 | ||||||||
Acquired with deteriorated credit quality, Loan | 155,147 | 142,785 | 205,927 | ||||||||
Ending balance, Loan | 1,067,090 | 771,554 | 767,494 | ||||||||
Commercial Financial And Agricultural [Member] | |||||||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||||||||
Balance, Allowance | 1,667 | 1,426 | 1,144 | 2,004 | 2,004 | ||||||
Provision for loan losses | 677 | 110 | 1,987 | (66) | (73) | ||||||
Loans charged off | (326) | (135) | (1,273) | (937) | (1,438) | ||||||
Recoveries of loans previously charged off | 119 | 117 | 279 | 517 | 651 | ||||||
Balance, Allowance | 2,137 | 1,518 | 2,137 | 1,518 | 1,144 | ||||||
Loans individually evaluated for impairment, Allowance | 107 | [1] | 126 | [2] | 521 | [3] | |||||
Loans collectively evaluated for impairment, Allowance | 2,030 | 1,018 | 997 | ||||||||
Balance, Allowance | 1,667 | 1,426 | 2,137 | 2,004 | 1,144 | 2,137 | 1,144 | 1,518 | |||
Individually evaluated for impairment, Loan | 424 | [1] | 323 | [2] | 1,286 | [3] | |||||
Collectively evaluated for impairment, Loan | 625,523 | 449,300 | 426,461 | ||||||||
Acquired with deteriorated credit quality, Loan | 0 | 0 | 0 | ||||||||
Ending balance, Loan | 625,947 | 449,623 | 427,747 | ||||||||
Real Estate Construction And Development [Member] | |||||||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||||||||
Balance, Allowance | 3,599 | 5,365 | 5,009 | 5,030 | 5,030 | ||||||
Provision for loan losses | (521) | 643 | (2,010) | 1,030 | 278 | ||||||
Loans charged off | (60) | (105) | (324) | (465) | (622) | ||||||
Recoveries of loans previously charged off | 131 | 6 | 474 | 314 | 323 | ||||||
Balance, Allowance | 3,149 | 5,909 | 3,149 | 5,909 | 5,009 | ||||||
Loans individually evaluated for impairment, Allowance | 529 | [1] | 759 | [2] | 708 | [3] | |||||
Loans collectively evaluated for impairment, Allowance | 2,620 | 4,250 | 5,201 | ||||||||
Balance, Allowance | 3,599 | 5,365 | 3,149 | 5,030 | 5,009 | 3,149 | 5,009 | 5,909 | |||
Individually evaluated for impairment, Loan | 1,154 | [1] | 1,958 | [2] | 1,820 | [3] | |||||
Collectively evaluated for impairment, Loan | 327,154 | 242,735 | 218,978 | ||||||||
Acquired with deteriorated credit quality, Loan | 0 | 0 | 0 | ||||||||
Ending balance, Loan | 328,308 | 244,693 | 220,798 | ||||||||
Real estate - commercial & farmland [Member] | |||||||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||||||||
Balance, Allowance | 7,459 | 8,381 | 7,994 | 8,823 | 8,823 | ||||||
Provision for loan losses | (554) | 43 | (559) | 743 | 1,221 | ||||||
Loans charged off | 0 | (184) | (708) | (1,358) | (2,367) | ||||||
Recoveries of loans previously charged off | 13 | 272 | 191 | 304 | 317 | ||||||
Balance, Allowance | 6,918 | 8,512 | 6,918 | 8,512 | 7,994 | ||||||
Loans individually evaluated for impairment, Allowance | 883 | [1] | 1,074 | [2] | 1,622 | [3] | |||||
Loans collectively evaluated for impairment, Allowance | 6,035 | 6,920 | 6,890 | ||||||||
Balance, Allowance | 7,459 | 8,381 | 6,918 | 8,823 | 7,994 | 6,918 | 7,994 | 8,512 | |||
Individually evaluated for impairment, Loan | 11,699 | [1] | 11,877 | [2] | 13,306 | [3] | |||||
Collectively evaluated for impairment, Loan | 1,285,883 | 1,093,114 | 1,054,522 | ||||||||
Acquired with deteriorated credit quality, Loan | 0 | 0 | 0 | ||||||||
Ending balance, Loan | 1,297,582 | 1,104,991 | 1,067,828 | ||||||||
Residential Real Estate [Member] | |||||||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||||||||
Balance, Allowance | 4,263 | 4,805 | 4,760 | 4,129 | 4,129 | ||||||
Provision for loan losses | 2,649 | 1,238 | 2,415 | 2,562 | 2,067 | ||||||
Loans charged off | (292) | (234) | (883) | (966) | (1,587) | ||||||
Recoveries of loans previously charged off | 40 | 54 | 368 | 138 | 151 | ||||||
Balance, Allowance | 6,660 | 5,863 | 6,660 | 5,863 | 4,760 | ||||||
Loans individually evaluated for impairment, Allowance | 2,629 | [1] | 2,172 | [2] | 1,848 | [3] | |||||
Loans collectively evaluated for impairment, Allowance | 4,031 | 2,588 | 4,015 | ||||||||
Balance, Allowance | 4,263 | 4,805 | 6,660 | 4,129 | 4,760 | 6,660 | 4,760 | 5,863 | |||
Individually evaluated for impairment, Loan | 11,571 | [1] | 9,554 | [2] | 8,415 | [3] | |||||
Collectively evaluated for impairment, Loan | 755,362 | 560,876 | 523,870 | ||||||||
Acquired with deteriorated credit quality, Loan | 0 | 0 | 0 | ||||||||
Ending balance, Loan | 766,933 | 570,430 | 532,285 | ||||||||
Consumer installment loans and Other [Member] | |||||||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||||||||
Balance, Allowance | 2,160 | 1,681 | 1,574 | 1,171 | 1,171 | ||||||
Provision for loan losses | (1,595) | (1,386) | (932) | (721) | 676 | ||||||
Loans charged off | (74) | (61) | (192) | (300) | (410) | ||||||
Recoveries of loans previously charged off | 78 | 33 | 119 | 117 | 137 | ||||||
Balance, Allowance | 569 | 267 | 569 | 267 | 1,574 | ||||||
Loans individually evaluated for impairment, Allowance | 0 | [1] | 0 | [2] | 0 | [3] | |||||
Loans collectively evaluated for impairment, Allowance | 569 | 1,574 | 267 | ||||||||
Balance, Allowance | 2,160 | 1,681 | 569 | 1,171 | 1,574 | 569 | 1,574 | 267 | |||
Individually evaluated for impairment, Loan | 0 | [1] | 0 | [2] | 0 | [3] | |||||
Collectively evaluated for impairment, Loan | 72,269 | 37,140 | 41,991 | ||||||||
Acquired with deteriorated credit quality, Loan | 0 | 0 | 0 | ||||||||
Ending balance, Loan | 72,269 | 37,140 | 41,991 | ||||||||
Covered Loans [Member] | |||||||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||||||||
Balance, Allowance | 530 | 0 | 0 | 0 | 0 | ||||||
Provision for loan losses | (1,092) | (193) | (794) | 944 | 751 | ||||||
Loans charged off | (291) | (246) | (435) | (1,661) | (1,759) | ||||||
Recoveries of loans previously charged off | 1,089 | 439 | 1,465 | 717 | 1,008 | ||||||
Balance, Allowance | 236 | 0 | 236 | 0 | 0 | ||||||
Loans individually evaluated for impairment, Allowance | 236 | [1] | 0 | [2] | 0 | [3] | |||||
Loans collectively evaluated for impairment, Allowance | 0 | 0 | 0 | ||||||||
Balance, Allowance | 530 | 0 | 236 | 0 | 0 | 236 | 0 | 0 | |||
Individually evaluated for impairment, Loan | 12,818 | [1] | 22,317 | [2] | 0 | [3] | |||||
Collectively evaluated for impairment, Loan | 27,953 | 52,451 | 83,974 | ||||||||
Acquired with deteriorated credit quality, Loan | 21,520 | 62,761 | 107,047 | ||||||||
Ending balance, Loan | 62,291 | 137,529 | 191,021 | ||||||||
Purchased Non Covered Loans [Member] | |||||||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||||||||
Balance, Allowance | 2,056 | 0 | 581 | 0 | 0 | ||||||
Provision for loan losses | 1,247 | 531 | 2,274 | 219 | 344 | ||||||
Loans charged off | (408) | (302) | (826) | (772) | (950) | ||||||
Recoveries of loans previously charged off | 399 | 173 | 1,265 | 955 | 1,187 | ||||||
Balance, Allowance | 3,294 | 402 | 3,294 | 402 | 581 | ||||||
Loans individually evaluated for impairment, Allowance | 1,286 | [1] | 0 | [2] | 0 | [3] | |||||
Loans collectively evaluated for impairment, Allowance | 2,008 | 581 | 402 | ||||||||
Balance, Allowance | $ 2,056 | $ 0 | $ 3,294 | $ 0 | $ 581 | 3,294 | 581 | 402 | |||
Individually evaluated for impairment, Loan | 22,173 | [1] | 22,672 | [2] | 0 | [3] | |||||
Collectively evaluated for impairment, Loan | 1,536,176 | 1,261,821 | 1,078,686 | ||||||||
Acquired with deteriorated credit quality, Loan | 133,627 | 80,024 | 98,880 | ||||||||
Ending balance, Loan | $ 1,691,976 | $ 1,364,517 | $ 1,177,566 | ||||||||
[1] | At September 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 September 30, 2015, loans individually evaluated for impairment includes all nonaccrual loans greater than $200,000 and all troubled debt restructurings greater than $100,000, including all troubled debt restructurings and not only those currently classified as troubled debt restructurings. |
LOANS (Details Textual)
LOANS (Details Textual) - USD ($) | 9 Months Ended | 12 Months Ended | |
Sep. 30, 2016 | Sep. 30, 2015 | Dec. 31, 2015 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans And Leases Receivable Gross Carrying Amount Non Covered Loans | $ 1,070,000,000 | ||
Covered Loans Acquired | 62,300,000 | $ 191,000,000 | $ 137,500,000 |
Troubled debt restructurings, previous charge-offs | 1,200,000 | 1,300,000 | 1,300,000 |
Allowance for loan losses allocated to troubled debt restructurings | 2,800,000 | 183,000 | 2,700,000 |
Purchased Loan Pools | 624,886,000 | 410,072,000 | 592,963,000 |
Mortgage Loans on Real Estate, Face Amount of Mortgages | 614,400,000 | 402,100,000 | 580,700,000 |
Purchase Premium Paid At Acquisition | 10,500,000 | 8,000,000 | 12,300,000 |
Residential mortgages on properties principal balances | 614,400,000 | 402,100,000 | 580,700,000 |
Allowance for Loan and Lease Losses, Loans Acquired | 2,000,000 | 402,000 | 581,000 |
Troubled Debt Restructurings Excluding Purchased Non-covered And Covered Loans | 17,100,000 | 13,900,000 | 16,400,000 |
Loans and Leases Receivable, Allowance | 22,963,000 | 22,471,000 | 21,062,000 |
Modified Loans Value | 58,200,000 | 77,400,000 | |
Purchased Non Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans | 17,993,000 | 11,374,000 | 13,330,000 |
Troubled debt restructuring loans | 9,294,000 | 7,188,000 | 9,373,000 |
Troubled debt restructurings, provision for loan loss expense | 217,000 | 618,000 | |
Loans and Leases Receivable, Allowance | 1,067,090,000 | 767,494,000 | 771,554,000 |
Modified Loans Value | 22,369,000 | 18,178,000 | 22,264,000 |
Non Accrual Purchased Loans Pools | 864,000 | ||
Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans | 5,834,000 | 33,084,000 | 13,238,000 |
Troubled debt restructurings, previous charge-offs | 791,000 | 1,400,000 | 1,200,000 |
Troubled debt restructurings principal balances | 1,300,000 | ||
Troubled debt restructuring loans | 13,900,000 | 20,500,000 | 15,500,000 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | 516,000 | ||
Modified Loans Value | 5,732,000 | 25,708,000 | 13,821,000 |
Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans | 16,570,000 | 20,558,000 | 16,860,000 |
Troubled debt restructurings principal balances | 2,900,000 | ||
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 793,000 | 2,600,000 | |
Troubled debt restructuring loans | 14,013,000 | 12,075,000 | 14,418,000 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | 4,300,000 | ||
Modified Loans Value | 27,337,000 | 32,268,000 | 26,268,000 |
Purchased Non Covered Loans 1 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans | 10,400,000 | 7,700,000 | 10,000,000 |
Troubled debt restructurings, previous charge-offs | 752,000 | 60,000 | 377,000 |
Troubled debt restructurings principal balances | 4,100,000 | ||
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 1,300,000 | 2,400,000 | |
Troubled debt restructuring loans | 603,000 | 2,500,000 | |
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 | 200,000 | 200,000 |
Troubled debt restructuring loans | 100,000 | $ 100,000 | $ 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-ASSIS67
ASSETS ACQUIRED IN FDIC-ASSISTED ACQUISITIONS (Details) | 9 Months Ended |
Sep. 30, 2016 | |
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-ASSIS68
ASSETS ACQUIRED IN FDIC-ASSISTED ACQUISITIONS (Details 1) - USD ($) $ in Thousands | Sep. 30, 2016 | Dec. 31, 2015 | Sep. 30, 2015 |
Covered Assets [Line Items] | |||
Covered loans | $ 65,906 | $ 148,573 | $ 205,757 |
Less: Fair value adjustments | 3,615 | 11,044 | 14,736 |
Total covered loans | 62,291 | 137,529 | 191,021 |
OREO | 1,004 | 5,938 | 14,452 |
Less: Fair value adjustments | 4 | 927 | 2,249 |
Total covered OREO | 1,000 | 5,011 | 12,203 |
Total covered assets | 63,291 | 142,540 | 203,224 |
FDIC loss-share receivable | 0 | 6,301 | 4,506 |
FDIC loss-share payable | (7,775) | 0 | 0 |
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 | 12 | 111 | 115 |
United Security Bank [Member] | |||
Covered Assets [Line Items] | |||
Covered loans | 3,309 | 3,639 | 3,686 |
Less: Fair value adjustments | 13 | 16 | 17 |
Total covered loans | 3,296 | 3,623 | 3,669 |
OREO | 30 | 165 | 165 |
Less: Fair value adjustments | 0 | 0 | 0 |
Total covered OREO | 30 | 165 | 165 |
Total covered assets | 3,326 | 3,788 | 3,834 |
FDIC loss-share payable | (1,682) | (1,424) | (1,453) |
Satilla Community Bank [Member] | |||
Covered Assets [Line Items] | |||
Covered loans | 4,475 | 5,228 | 5,269 |
Less: Fair value adjustments | 61 | 124 | 174 |
Total covered loans | 4,414 | 5,104 | 5,095 |
OREO | 0 | 0 | 0 |
Less: Fair value adjustments | 0 | 0 | 0 |
Total covered OREO | 0 | 0 | 0 |
Total covered assets | 4,414 | 5,104 | 5,095 |
FDIC loss-share receivable | 89 | 149 | 280 |
First Bank of Jacksonville [Member] | |||
Covered Assets [Line Items] | |||
Covered loans | 3,811 | 4,782 | 13,826 |
Less: Fair value adjustments | 488 | 562 | 991 |
Total covered loans | 3,323 | 4,220 | 12,835 |
OREO | 0 | 41 | 984 |
Less: Fair value adjustments | 0 | 0 | 171 |
Total covered OREO | 0 | 41 | 813 |
Total covered assets | 3,323 | 4,261 | 13,648 |
FDIC loss-share receivable | 252 | 679 | |
FDIC loss-share payable | (164) | ||
Darby Bank and Trust [Member] | |||
Covered Assets [Line Items] | |||
Covered loans | 12,964 | 15,934 | 44,112 |
Less: Fair value adjustments | 690 | 1,131 | 3,107 |
Total covered loans | 12,274 | 14,803 | 41,005 |
OREO | 0 | 0 | 5,044 |
Less: Fair value adjustments | 0 | 0 | 624 |
Total covered OREO | 0 | 0 | 4,420 |
Total covered assets | 12,274 | 14,803 | 45,425 |
FDIC loss-share payable | (4,898) | (1,084) | (1,737) |
Tifton Banking Company [Member] | |||
Covered Assets [Line Items] | |||
Covered loans | 1,867 | 2,159 | 16,813 |
Less: Fair value adjustments | 7 | 11 | 481 |
Total covered loans | 1,860 | 2,148 | 16,332 |
OREO | 0 | 0 | 1,480 |
Less: Fair value adjustments | 0 | 0 | 116 |
Total covered OREO | 0 | 0 | 1,364 |
Total covered assets | 1,860 | 2,148 | 17,696 |
FDIC loss-share receivable | 1,446 | ||
FDIC loss-share payable | (2,727) | (2,225) | |
High Trust Bank [Member] | |||
Covered Assets [Line Items] | |||
Covered loans | 1,926 | 44,405 | 45,345 |
Less: Fair value adjustments | 35 | 3,881 | 3,999 |
Total covered loans | 1,891 | 40,524 | 41,346 |
OREO | 0 | 2,433 | 2,985 |
Less: Fair value adjustments | 0 | 643 | 955 |
Total covered OREO | 0 | 1,790 | 2,030 |
Total covered assets | 1,891 | 42,314 | 43,376 |
FDIC loss-share receivable | 1,538 | 3,875 | 4,108 |
One Georgia Bank [Member] | |||
Covered Assets [Line Items] | |||
Covered loans | 1,086 | 27,561 | 28,309 |
Less: Fair value adjustments | 32 | 1,900 | 1,971 |
Total covered loans | 1,054 | 25,661 | 26,338 |
OREO | 0 | 160 | 320 |
Less: Fair value adjustments | 0 | 0 | 39 |
Total covered OREO | 0 | 160 | 281 |
Total covered assets | 1,054 | 25,821 | 26,619 |
FDIC loss-share receivable | 913 | 1,517 | |
FDIC loss-share payable | (776) | ||
Central Bank of Georgia [Member] | |||
Covered Assets [Line Items] | |||
Covered loans | 36,468 | 44,865 | 48,397 |
Less: Fair value adjustments | 2,289 | 3,419 | 3,996 |
Total covered loans | 34,179 | 41,446 | 44,401 |
OREO | 974 | 3,139 | 3,474 |
Less: Fair value adjustments | 4 | 284 | 344 |
Total covered OREO | 970 | 2,855 | 3,130 |
Total covered assets | 35,149 | 44,301 | 47,531 |
FDIC loss-share receivable | $ 833 | $ 2,063 | $ 3,222 |
ASSETS ACQUIRED IN FDIC-ASSIS69
ASSETS ACQUIRED IN FDIC-ASSISTED ACQUISITIONS (Details 2) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended | |
Sep. 30, 2016 | Sep. 30, 2015 | Dec. 31, 2015 | |
Covered Loans [Line Items] | |||
Transfer to covered other real estate owned | $ (3,871) | $ (2,565) | |
Loans with Deterioration of Credit Quality [Member] | |||
Covered Loans [Line Items] | |||
Balance, beginning of year | 137,529 | 271,279 | $ 271,279 |
Charge-offs, net of recoveries | (2,218) | (5,062) | (5,558) |
Accretion | 2,855 | 8,105 | 9,658 |
Transfer to covered other real estate owned | (2,391) | (6,909) | (7,910) |
Transfer to purchased, non-covered loans due to loss-share expiration | (45,908) | (15,462) | (50,568) |
Payments received | (27,576) | (60,930) | (79,372) |
Balance, ending of year | $ 62,291 | $ 191,021 | $ 137,529 |
ASSETS ACQUIRED IN FDIC-ASSIS70
ASSETS ACQUIRED IN FDIC-ASSISTED ACQUISITIONS (Details 3) - Accretable Discount for Covered Loans [Member] - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended | |
Sep. 30, 2016 | Sep. 30, 2015 | Dec. 31, 2015 | |
Business Combinations | |||
Balance, beginning of year | $ 9,063 | $ 15,578 | $ 15,578 |
Accretion | (2,855) | (8,105) | (9,658) |
Transfer to purchased, non-covered loans due to loss-share expiration | (3,457) | (84) | (1,665) |
Transfers between non-accretable and accretable discounts, net | 281 | 3,312 | 4,808 |
Balance, ending of year | $ 3,032 | $ 10,701 | $ 9,063 |
ASSETS ACQUIRED IN FDIC-ASSIS71
ASSETS ACQUIRED IN FDIC-ASSISTED ACQUISITIONS (Details 4) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended | |
Sep. 30, 2016 | Sep. 30, 2015 | Dec. 31, 2015 | |
Business Combinations [Abstract] | |||
Beginning balance | $ 6,301 | $ 31,351 | $ 31,351 |
Payments received from FDIC | (4,770) | (19,089) | (19,273) |
Amortization, net | (3,351) | (7,914) | (8,878) |
Changes in clawback liability | (682) | (1,483) | (2,008) |
Net charge-offs on covered loans | (4,118) | 1,180 | 416 |
Write downs of covered other real estate owned | 203 | 2,349 | 4,752 |
Reimbursable expenses on covered assets | 604 | 2,312 | 2,582 |
Other activity, net | (1,962) | (4,200) | (2,641) |
Ending balance | $ (7,775) | $ 4,506 | $ 6,301 |
ASSETS ACQUIRED IN FDIC-ASSIS72
ASSETS ACQUIRED IN FDIC-ASSISTED ACQUISITIONS (Details Textual) - USD ($) | 12 Months Ended | |||
Dec. 31, 2012 | Sep. 30, 2016 | Dec. 31, 2015 | Sep. 30, 2015 | |
Business Combinations [Abstract] | ||||
Current Activity Incurred | $ 1,300,000 | |||
Clawback Liability | 8,900,000 | $ 8,200,000 | $ 7,700,000 | |
Reimbursement Revenue | $ 87,000 | |||
FDIC loss-sharing payable | 7,800,000 | |||
Remaining Indemnification | $ 2,400,000 |
OTHER REAL ESTATE OWNED (Detail
OTHER REAL ESTATE OWNED (Details) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended | |
Sep. 30, 2016 | Sep. 30, 2015 | Dec. 31, 2015 | |
Beginning balance, January 1 | $ 16,147 | $ 33,160 | $ 33,160 |
Loans transferred to other real estate owned | 2,101 | 9,838 | 11,261 |
Net gains (losses) on sale and write-downs | (1,276) | (9,583) | (9,971) |
Sales proceeds | (6,580) | (12,685) | (18,303) |
Ending balance | $ 10,392 | $ 20,730 | $ 16,147 |
OTHER REAL ESTATE OWNED (Deta74
OTHER REAL ESTATE OWNED (Details 1) - Purchased Non-Covered Other Real Estate Owned [Member] - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended | |
Sep. 30, 2016 | Sep. 30, 2015 | Dec. 31, 2015 | |
Balance, January 1 | $ 14,333 | $ 15,585 | $ 15,585 |
Loans transferred to other real estate owned | 3,871 | 2,565 | 4,473 |
Acquired in acquisitions | 1,838 | 2,189 | 2,160 |
Transfer from covered other real estate owned due to loss-share expiration | 466 | 75 | 3,148 |
Net gains (losses) on sale and write-downs | (68) | 326 | 201 |
Sales proceeds | (6,314) | (9,202) | (11,234) |
Ending balance | $ 14,126 | $ 11,538 | $ 14,333 |
OTHER REAL ESTATE OWNED (Deta75
OTHER REAL ESTATE OWNED (Details 2) - Covered Other Real Estate Owned [Member] - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended | |
Sep. 30, 2016 | Sep. 30, 2015 | Dec. 31, 2015 | |
Beginning balance, January 1 | $ 5,011 | $ 19,907 | $ 19,907 |
Loans transferred to other real estate owned | 2,391 | 6,909 | 7,910 |
Transfer from covered other real estate owned due to loss-share expiration | (466) | (75) | (3,148) |
Net gains (losses) on sale and write-downs | (500) | (2,936) | (5,926) |
Sales proceeds | (5,436) | (11,602) | (13,732) |
Ending balance | $ 1,000 | $ 12,203 | $ 5,011 |
SECURITIES SOLD UNDER AGREEME76
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE (Details) - USD ($) $ in Thousands | Sep. 30, 2016 | Dec. 31, 2015 | Sep. 30, 2015 |
Disclosure of Repurchase Agreements [Abstract] | |||
Securities sold under agreements to repurchase | $ 42,647 | $ 63,585 | $ 51,506 |
OTHER BORROWINGS (Details)
OTHER BORROWINGS (Details) - USD ($) $ in Thousands | Sep. 30, 2016 | Dec. 31, 2015 | Sep. 30, 2015 |
Other Borrowings [Line Items] | |||
Other borrowings | $ 373,461 | $ 39,000 | $ 39,000 |
Daily Rate Credit From Federal Home Loan Bank [Member] | |||
Other Borrowings [Line Items] | |||
Advance from correspondent bank | 227,500 | 0 | 0 |
Fixed Rate Advance [Member] | |||
Other Borrowings [Line Items] | |||
Advance from correspondent bank | 100,000 | 0 | 0 |
Fixed Rate Advance One [Member] | |||
Other Borrowings [Line Items] | |||
Advance from correspondent bank | 4,008 | 0 | 0 |
Fixed Rate Advance Two [Member] | |||
Other Borrowings [Line Items] | |||
Advance from correspondent bank | 5,009 | 0 | 0 |
Revolving Credit Facility One [Member] | |||
Other Borrowings [Line Items] | |||
Long-term Line of Credit | 860 | 0 | 0 |
Revolving Credit Facility [Member] | |||
Other Borrowings [Line Items] | |||
Long-term Line of Credit | 36,000 | 24,000 | 24,000 |
Correspondent Bank Advances [Member] | |||
Other Borrowings [Line Items] | |||
Other borrowings | 84 | 0 | 0 |
Subordinated Debt One [Member] | |||
Other Borrowings [Line Items] | |||
Subordinated debt issued | $ 0 | $ 15,000 | $ 15,000 |
OTHER BORROWINGS _Parenthetical
OTHER BORROWINGS [Parenthetical] (Details) | 9 Months Ended | ||
Sep. 30, 2016 | Dec. 31, 2015 | Sep. 30, 2015 | |
Daily Rate Credit From Federal Home Loan Bank [Member] | |||
Other Borrowings [Line Items] | |||
Debt Instrument, Interest Rate, Effective Percentage | 0.56% | ||
Revolving Credit Facility [Member] | |||
Other Borrowings [Line Items] | |||
Debt Instrument, Interest Rate, Effective Percentage | 8.00% | ||
Debt instrument, maturity period | January 2,017 | ||
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% (4.34% at September 30, 2016, 3.92% at December 31, 2015, and 3.78% at September 30, 2015) due in August 2017, secured by subsidiary bank stock | ||
Debt Instrument, Interest Rate, Effective Percentage | 4.34% | 3.92% | 3.78% |
Debt instrument, maturity period | August 2,017 | ||
Correspondent Bank Advances [Member] | |||
Other Borrowings [Line Items] | |||
Debt Instrument, Interest Rate, Effective Percentage | 4.25% | ||
Debt instrument, maturity period | October 15, 2019 | ||
Fixed Rate Advance One [Member] | |||
Other Borrowings [Line Items] | |||
Debt Instrument, Interest Rate, Effective Percentage | 1.40% | ||
Debt instrument, maturity period | January 9, 2017 | ||
Fixed Rate Advance Two [Member] | |||
Other Borrowings [Line Items] | |||
Debt Instrument, Interest Rate, Effective Percentage | 1.23% | ||
Debt instrument, maturity period | 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% (2.28% at December 31, 2015 and 2.09% at September 30, 2015) | ||
Debt Instrument, Interest Rate, Effective Percentage | 2.28% | 2.09% | |
Fixed Rate Advance [Member] | |||
Other Borrowings [Line Items] | |||
Debt Instrument, Interest Rate, Effective Percentage | 0.40% | ||
Debt instrument, maturity period | October 14, 2016 |
OTHER BORROWINGS (Details Textu
OTHER BORROWINGS (Details Textual) - USD ($) $ in Thousands | Sep. 30, 2016 | Dec. 31, 2015 | Sep. 30, 2015 |
Other borrowings | $ 373,461 | $ 39,000 | $ 39,000 |
Federal Home Loan Bank, Advances, General Debt Obligations, Amount of Available, Unused Funds | 661,500 | ||
Credit arrangements for federal funds purchase | 67,000 | ||
Pledged Assets Separately Reported, Loans Pledged for Federal Reserve Bank, at Fair Value | 861,500 | ||
Line of Credit Facility, Remaining Borrowing Capacity | 4,000 | ||
Loans pledged at federal reserve discount window available for borrowing | $ 574,700 |
COMMITMENTS AND CONTINGENCIES80
COMMITMENTS AND CONTINGENCIES (Details) - USD ($) $ in Thousands | Sep. 30, 2016 | Dec. 31, 2015 | Sep. 30, 2015 |
Commitments to extend credit | $ 924,374 | $ 548,898 | $ 500,631 |
Unused lines of credit | 62,544 | 52,798 | 53,465 |
Financial standby letters of credit | 14,002 | 14,712 | 11,929 |
Mortgage interest rate lock commitments | $ 134,619 | $ 77,710 | $ 79,635 |
COMMITMENTS AND CONTINGENCIES81
COMMITMENTS AND CONTINGENCIES (Details Textual) - USD ($) $ in Millions | Aug. 08, 2013 | Sep. 30, 2016 |
Litigation Settlement, Amount | $ 2.9 | |
Letters of Credit Outstanding, Amount | $ 75 | |
Consumer Installment Home Improvement Loans [Member] | ||
Amount Committed to Increase Home Improvement Loans (Per Month) | 12.5 | |
Aggregate Purchase Commitment for Home Improvement Loans | 150 | |
Home Improvement Loans, Carrying Value | $ 32.8 |
ACCUMULATED OTHER COMPREHENSI82
ACCUMULATED OTHER COMPREHENSIVE INCOME (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2016 | Sep. 30, 2015 | Sep. 30, 2016 | Sep. 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 | $ (75) | (61) | (89) |
Current year changes, net of tax | 7,157 | (1,812) | ||
Ending Balance | 10,449 | 4,197 | 10,449 | 4,197 |
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 | (567) | (669) | ||
Ending Balance | (415) | (161) | (415) | (161) |
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) | (89) | ||
Current year changes, net of tax | 7,724 | (1,143) | ||
Ending Balance | $ 10,864 | $ 4,358 | $ 10,864 | $ 4,358 |
WEIGHTED AVERAGE SHARES OUTST83
WEIGHTED AVERAGE SHARES OUTSTANDING (Details) - shares shares in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2016 | Sep. 30, 2015 | Sep. 30, 2016 | Sep. 30, 2015 | |
Basic shares outstanding | 34,870 | 32,195 | 34,156 | 31,614 |
Plus: Dilutive effect of ISOs | 108 | 126 | 100 | 118 |
Plus: Dilutive effect of restricted share grants | 217 | 232 | 214 | 230 |
Diluted shares outstanding | 35,195 | 32,553 | 34,470 | 31,962 |
WEIGHTED AVERAGE SHARES OUTST84
WEIGHTED AVERAGE SHARES OUTSTANDING (Details Textual) - shares | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2016 | Sep. 30, 2015 | Sep. 30, 2016 | Sep. 30, 2015 | |
Anti-dilutive common shares excluded | 0 | 0 | 0 | 0 |
FAIR VALUE MEASURES (Details)
FAIR VALUE MEASURES (Details) - Mortgage Loans Held for Sale [Member] - USD ($) $ in Thousands | Sep. 30, 2016 | Dec. 31, 2015 | Sep. 30, 2015 |
Assets And Liabilities Carrying Value And Fair Value [Line Items] | |||
Aggregate fair value of mortgage loans held for sale | $ 126,263 | $ 111,182 | $ 111,807 |
Aggregate unpaid principal balance | 121,308 | 107,652 | 108,179 |
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 | Sep. 30, 2016 | Dec. 31, 2015 | Sep. 30, 2015 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Recurring assets at fair value | $ 969,470 | $ 897,054 | $ 926,217 |
Recurring liabilities at fair value | 3,804 | 1,576 | 2,028 |
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 | 967,970 | 894,056 | 923,717 |
Recurring liabilities at fair value | 3,804 | 1,576 | 2,028 |
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 | 1,028 | 14,890 | 14,968 |
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 | 1,028 | 14,890 | 14,968 |
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 | 155,994 | 161,316 | 164,865 |
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 | 155,994 | 161,316 | 164,865 |
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 | 29,098 | 6,017 | 6,032 |
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 | 27,598 | 3,019 | 3,532 |
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 | 652,004 | 600,962 | 625,520 |
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 | 652,004 | 600,962 | 625,520 |
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 | 126,263 | 111,182 | 111,807 |
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 | 126,263 | 111,182 | 111,807 |
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 | 5,083 | 2,687 | 3,025 |
Recurring liabilities at fair value | 840 | 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 | 5,083 | 2,687 | 3,025 |
Recurring liabilities at fair value | 840 | 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 | 2,964 | 1,439 | 2,028 |
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 | 2,964 | 1,439 | 2,028 |
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 | Sep. 30, 2016 | Dec. 31, 2015 | Sep. 30, 2015 |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Nonrecurring assets at fair value | $ 41,761 | $ 56,869 | $ 57,337 |
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 | 41,761 | 56,869 | 57,337 |
Impaired loans carried at fair value [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Nonrecurring assets at fair value | 26,210 | 27,069 | 27,859 |
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 | 26,210 | 27,069 | 27,859 |
Other real estate owned [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Nonrecurring assets at fair value | 425 | 10,456 | 5,737 |
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 | 425 | 10,456 | 5,737 |
Purchased, non-covered other real estate owned [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Nonrecurring assets at fair value | 14,126 | 14,333 | 11,538 |
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 | 14,126 | 14,333 | 11,538 |
Covered other real estate owned [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Nonrecurring assets at fair value | 1,000 | 5,011 | 12,203 |
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 | $ 1,000 | $ 5,011 | $ 12,203 |
FAIR VALUE MEASURES (Details 3)
FAIR VALUE MEASURES (Details 3) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended | |
Sep. 30, 2016 | Sep. 30, 2015 | Dec. 31, 2015 | |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Fair Value Disclosure, Nonrecurring | $ 41,761 | $ 57,337 | $ 56,869 |
Assets, Fair Value Disclosure, Recurring | 969,470 | 926,217 | 897,054 |
Level 3 [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Fair Value Disclosure, Nonrecurring | 41,761 | 57,337 | 56,869 |
Assets, Fair Value Disclosure, 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] | |||
Assets, Fair Value Disclosure, 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 | $ 26,210 | $ 27,859 | $ 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% | 50.00% | 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% | 0.00% | 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 | 27.00% | 25.00% | 29.00% |
Other real estate owned [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Fair Value Disclosure, Nonrecurring | $ 425 | $ 5,737 | $ 10,456 |
Other real estate owned [Member] | Level 3 [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Fair Value Disclosure, Nonrecurring | 425 | 5,737 | 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 | $ 425 | $ 5,737 | $ 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 |
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% | 43.00% | 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% | 0.00% | 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 | 12.00% | 14.00% | 13.00% |
Purchased, non-covered other real estate owned [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Fair Value Disclosure, Nonrecurring | $ 14,126 | $ 11,538 | $ 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 | 14,126 | 11,538 | 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 | $ 14,126 | $ 11,538 | $ 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 | 75.00% | 75.00% | 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% | 0.00% | 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 | 15.00% | 20.00% | 19.00% |
Covered other real estate owned [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Fair Value Disclosure, Nonrecurring | $ 1,000 | $ 12,203 | $ 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 | 1,000 | 12,203 | 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 | $ 1,000 | $ 12,203 | $ 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% | 73.00% | 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% | 0.00% | 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 | Sep. 30, 2016 | Dec. 31, 2015 | Sep. 30, 2015 |
Financial assets: | |||
Cash and due from banks | $ 123,270 | $ 118,518 | $ 114,396 |
Federal funds sold and interest-bearing accounts | 90,801 | 272,045 | 120,925 |
Loans, net | 4,922,395 | 3,971,974 | 3,720,713 |
FDIC loss-share receivable | 0 | 6,301 | 4,506 |
Accrued interest receivable | 21,775 | 21,274 | 20,062 |
Financial liabilities: | |||
Deposits | 5,306,098 | 4,879,290 | 4,530,523 |
Securities sold under agreements to repurchase | 42,647 | 63,585 | 51,506 |
FDIC loss-share payable | 7,775 | 0 | 0 |
Other borrowings | 373,461 | 39,000 | 39,000 |
Accrued interest payable | 1,282 | 1,054 | 1,149 |
Subordinated deferrable interest debentures | 83,898 | 69,874 | 69,600 |
Fair Value [Member] | |||
Financial assets: | |||
Cash and due from banks | 123,270 | 118,518 | 114,396 |
Federal funds sold and interest-bearing accounts | 90,801 | 272,045 | 120,925 |
Loans, net | 4,918,360 | 3,982,606 | 3,711,522 |
FDIC loss-share receivable | (944) | (4,042) | |
Accrued interest receivable | 21,775 | 21,274 | 20,062 |
Financial liabilities: | |||
Deposits | 5,305,463 | 4,880,294 | 4,531,851 |
Securities sold under agreements to repurchase | 42,647 | 63,585 | 51,506 |
FDIC loss-share payable | 10,141 | ||
Other borrowings | 373,461 | 39,000 | 39,000 |
Accrued interest payable | 1,282 | 1,054 | 1,149 |
Subordinated deferrable interest debentures | 66,252 | 52,785 | 51,617 |
Fair Value [Member] | Fair Value, Inputs, Level 1 [Member] | |||
Financial assets: | |||
Cash and due from banks | 123,270 | 118,518 | 114,396 |
Federal funds sold and interest-bearing accounts | 90,801 | 272,045 | 120,925 |
Loans, net | 0 | 0 | 0 |
FDIC loss-share receivable | 0 | 0 | |
Accrued interest receivable | 21,775 | 21,274 | 20,062 |
Financial liabilities: | |||
Deposits | 0 | 0 | 0 |
Securities sold under agreements to repurchase | 42,647 | 63,585 | 51,506 |
FDIC loss-share payable | 0 | ||
Other borrowings | 0 | 0 | 0 |
Accrued interest payable | 1,282 | 1,054 | 1,149 |
Subordinated deferrable interest debentures | 0 | 0 | 0 |
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: | |||
Deposits | 5,305,463 | 4,880,294 | 4,531,851 |
Securities sold under agreements to repurchase | 0 | 0 | 0 |
FDIC loss-share payable | 0 | ||
Other borrowings | 373,461 | 39,000 | 39,000 |
Accrued interest payable | 0 | 0 | 0 |
Subordinated deferrable interest debentures | 66,252 | 52,785 | 51,617 |
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 | 4,918,360 | 3,982,606 | 3,711,522 |
FDIC loss-share receivable | (944) | (4,042) | |
Accrued interest receivable | 0 | 0 | 0 |
Financial liabilities: | |||
Deposits | 0 | 0 | 0 |
Securities sold under agreements to repurchase | 0 | 0 | 0 |
FDIC loss-share payable | 10,141 | ||
Other borrowings | 0 | 0 | 0 |
Accrued interest payable | 0 | 0 | 0 |
Subordinated deferrable interest debentures | $ 0 | $ 0 | $ 0 |
FAIR VALUE MEASURES (Details Te
FAIR VALUE MEASURES (Details Textual) - USD ($) $ in Millions | 9 Months Ended | |
Sep. 30, 2016 | Sep. 30, 2015 | |
Net Gains (Losses) From Change In Fair Value Of Mortgages Loans Held For Sale | $ 4.9 | $ 3.3 |
SEGMENT REPORTING (Details)
SEGMENT REPORTING (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2016 | Sep. 30, 2015 | Sep. 30, 2016 | Sep. 30, 2015 | Dec. 31, 2015 | |
Segment Reporting Information [Line Items] | |||||
Interest income | $ 62,210 | $ 51,195 | $ 176,109 | $ 137,792 | |
Interest expense | 5,143 | 3,796 | 14,017 | 10,873 | |
Net interest income | 57,067 | 47,399 | 162,092 | 126,919 | |
Provision for loan losses | 811 | 986 | 2,381 | 4,711 | $ 5,264 |
Noninterest income | 28,864 | 24,978 | 81,529 | 63,179 | |
Noninterest expense | |||||
Salaries and employee benefits | 27,982 | 24,934 | 81,700 | 68,031 | |
Equipment and occupancy expenses | 5,989 | 5,915 | 18,060 | 15,278 | |
Data processing and telecommunications expenses | 6,185 | 5,329 | 18,347 | 13,803 | |
Other expenses | 13,043 | 12,218 | 43,051 | 48,975 | |
Total noninterest expense | 53,199 | 48,396 | 161,158 | 146,087 | |
Income before income tax expense | 31,921 | 22,995 | 80,082 | 39,300 | |
Income tax expense | 10,364 | 7,368 | 26,159 | 12,601 | |
Net income | 21,557 | 15,627 | 53,923 | 26,699 | |
Total assets | 6,493,495 | 5,216,300 | 6,493,495 | 5,216,300 | 5,588,940 |
Other intangible assets, net | 18,472 | 18,218 | 18,472 | 18,218 | 17,058 |
Goodwill | 122,545 | 87,701 | 122,545 | 87,701 | $ 90,082 |
Banking Division [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Interest income | 55,369 | 46,734 | 158,682 | 126,283 | |
Interest expense | 4,995 | 3,690 | 13,567 | 10,594 | |
Net interest income | 50,374 | 43,044 | 145,115 | 115,689 | |
Provision for loan losses | 57 | 960 | 1,471 | 4,343 | |
Noninterest income | 13,949 | 13,470 | 39,702 | 31,512 | |
Noninterest expense | |||||
Salaries and employee benefits | 18,323 | 17,921 | 55,740 | 48,958 | |
Equipment and occupancy expenses | 5,490 | 5,444 | 16,541 | 13,964 | |
Data processing and telecommunications expenses | 5,794 | 4,998 | 17,299 | 12,922 | |
Other expenses | 11,533 | 11,379 | 39,040 | 45,783 | |
Total noninterest expense | 41,140 | 39,742 | 128,620 | 121,627 | |
Income before income tax expense | 23,126 | 15,812 | 54,726 | 21,231 | |
Income tax expense | 7,286 | 4,854 | 17,285 | 6,277 | |
Net income | 15,840 | 10,958 | 37,441 | 14,954 | |
Total assets | 5,841,207 | 4,805,387 | 5,841,207 | 4,805,387 | |
Other intangible assets, net | 18,472 | 18,218 | 18,472 | 18,218 | |
Goodwill | 122,545 | 87,701 | 122,545 | 87,701 | |
Retail Mortgage Division [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Interest income | 3,679 | 2,485 | 9,992 | 6,009 | |
Interest expense | 0 | 0 | 0 | 0 | |
Net interest income | 3,679 | 2,485 | 9,992 | 6,009 | |
Provision for loan losses | 447 | 26 | 540 | 368 | |
Noninterest income | 13,198 | 9,827 | 36,126 | 26,532 | |
Noninterest expense | |||||
Salaries and employee benefits | 8,940 | 6,138 | 23,591 | 16,257 | |
Equipment and occupancy expenses | 433 | 397 | 1,326 | 1,173 | |
Data processing and telecommunications expenses | 364 | 308 | 974 | 799 | |
Other expenses | 1,303 | 662 | 3,392 | 2,744 | |
Total noninterest expense | 11,040 | 7,505 | 29,283 | 20,973 | |
Income before income tax expense | 5,390 | 4,781 | 16,295 | 11,200 | |
Income tax expense | 1,887 | 1,673 | 5,703 | 3,920 | |
Net income | 3,503 | 3,108 | 10,592 | 7,280 | |
Total assets | 356,755 | 216,640 | 356,755 | 216,640 | |
Other intangible assets, net | 0 | 0 | 0 | 0 | |
Goodwill | 0 | 0 | 0 | 0 | |
Warehouse Lending Division [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Interest income | 2,073 | 1,128 | 4,714 | 3,142 | |
Interest expense | 0 | 0 | 0 | 0 | |
Net interest income | 2,073 | 1,128 | 4,714 | 3,142 | |
Provision for loan losses | 94 | 0 | 94 | 0 | |
Noninterest income | 555 | 372 | 1,328 | 1,028 | |
Noninterest expense | |||||
Salaries and employee benefits | 103 | 137 | 399 | 363 | |
Equipment and occupancy expenses | 1 | 1 | 3 | 4 | |
Data processing and telecommunications expenses | 26 | 22 | 71 | 75 | |
Other expenses | 26 | 40 | 77 | 95 | |
Total noninterest expense | 156 | 200 | 550 | 537 | |
Income before income tax expense | 2,378 | 1,300 | 5,398 | 3,633 | |
Income tax expense | 832 | 455 | 1,889 | 1,272 | |
Net income | 1,546 | 845 | 3,509 | 2,361 | |
Total assets | 203,334 | 92,398 | 203,334 | 92,398 | |
Other intangible assets, net | 0 | 0 | 0 | 0 | |
Goodwill | 0 | 0 | 0 | 0 | |
SBA Division [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Interest income | 1,089 | 848 | 2,721 | 2,358 | |
Interest expense | 148 | 106 | 450 | 279 | |
Net interest income | 941 | 742 | 2,271 | 2,079 | |
Provision for loan losses | 213 | 0 | 276 | 0 | |
Noninterest income | 1,162 | 1,309 | 4,373 | 4,107 | |
Noninterest expense | |||||
Salaries and employee benefits | 616 | 738 | 1,970 | 2,453 | |
Equipment and occupancy expenses | 65 | 73 | 190 | 137 | |
Data processing and telecommunications expenses | 1 | 1 | 3 | 7 | |
Other expenses | 181 | 137 | 542 | 353 | |
Total noninterest expense | 863 | 949 | 2,705 | 2,950 | |
Income before income tax expense | 1,027 | 1,102 | 3,663 | 3,236 | |
Income tax expense | 359 | 386 | 1,282 | 1,133 | |
Net income | 668 | 716 | 2,381 | 2,103 | |
Total assets | 92,199 | 101,875 | 92,199 | 101,875 | |
Other intangible assets, net | 0 | 0 | 0 | 0 | |
Goodwill | $ 0 | $ 0 | $ 0 | $ 0 |