ALLOWANCE FOR LOAN LOSSES

 v2.3.0.11

ALLOWANCE FOR LOAN LOSSES	6 Months Ended
	Jun. 30, 2011
ALLOWANCE FOR LOAN LOSSES [Abstract]
ALLOWANCE FOR LOAN LOSSES	NOTE 4 - ALLOWANCE FOR LOAN LOSSES An analysis of the changes in the allowance for loan losses for the three month periods ended June 30 was as follows: (Dollars in Thousands) 2011     2010   Balance, Beginning of Year $ 35,436     $ 43,999   Provision for Loan Losses   7,678       14,373   Recoveries on Loans Previously Charged-Off   1,226       2,129   Loans Charged-Off   (13,260 )     (22,059 ) Balance, End of Period $ 31,080     $ 38,442   The following table presents the balance in the allowance for loan losses and the recorded investment in loans by portfolio class based on impairment method as of June 30, 2011 and December 31, 2010: June 30, 2011 (Dollars in Thousands) Commercial, Financial, Agricultural Real Estate Construction Real Estate  Commercial  Mortgage Real Estate  Residential   Real Estate  Home Equity     Consumer     Unallocated     Total Allowance Allocated to:                                     Loans Individually Evaluated for Impairment   $   591     487       3,582     5,800       506     41   -   $   11,007 Loans Collectively Evaluated for Impairment         1,193       1,258         4,979       8,147         1,742       1,754     1,000       20,073 Total   $ 1,784   1,745     8,561   13,947     2,248   1,795 1,000 $ 31,080                                                                             Total Loans:                                     Individually Evaluated for Impairment   $   1,730     1,311       42,531     29,829       2,351     79   -   $   77,831 Collectively Evaluated for Impairment         148,100       29,556         617,526       365,297         245,878       203,414     -       1,609,771 Total   $ 149,830   30,867     660,057   395,126     248,229   203,493 - $ 1,687,602 December 31, 2010 (Dollars in Thousands)   Commercial, Financial, Agricultural  Real Estate Construction  Real Estate  Commercial  Mortgage  Real Estate Residential  Real Estate  Home Equity   Consumer   Unallocated  Total  Allowance Allocated to:                              Loans Individually  Evaluated for Impairment   $   252       413     $   4,640       7,965     $   1,389     $   71   -   $   14,730    Loans Collectively  Evaluated for Impairment         1,292         1,647         4,005         9,081         1,133         2,541     1,007       20,706 Total   $ 1,544     2,060     8,645     17,046     2,522     2,612 1,007 $ 35,436                                                                                         Total Loans:                                           Individually Evaluated for Impairment   $   1,685       2,533     $   42,369       37,779     $   3,278     $   144   -   $   87,788   Collectively Evaluated for Impairment         155,709         40,706         629,333         392,762         248,287         204,086     -       1,670,883 Total   $ 157,394     43,239     671,702     430,541     251,565     204,230 -   1,758,671 Impaired Loans. Loans are deemed to be impaired when, based on current information and events, it is probable that the Company will not be able to collect all amounts due (principal and interest payments), according to the contractual terms of the loan agreement.  Loans, for which the terms have been modified, and for which the borrower is experiencing financial difficulties, are considered troubled debt restructurings and classified as impaired.  Interest income recognized on impaired loans was approximately $1.2 million for the six month periods ended June 30, 2011 and June 30, 2010, respectively. The following table presents loans individually evaluated for impairment by class of loans as of June 30, 2011 and December 31, 2010:   (Dollars in Thousands)   Unpaid Principal  Balance       Recorded  Investment  With No Allowance         Recorded  Investment With Allowance           Related  Allowance           Average Recorded Investment   June 30, 2011:                               Commercial, Financial and Agricultural   $ 1,730     $ 273     $ 1,458     $ 591     $ 1,563   Real Estate - Construction     1,311       10,557       1,311       487       1,950   Real Estate - Commercial Mortgage     42,531       4,746       31,974       3,582       46,145   Real Estate -  Residential     29,829       522       25,083       5,800       30,782   Real Estate - Home Equity     2,351       4       1,829       506       2,844   Consumer     79       -       74       41       108   Total   $ 77,831     $ 16,102     $ 61,729     $ 11,007     $ 83,392                                                                                       December 31, 2010:                                         Commercial, Financial and Agricultural   $ 1,684     $ 389     $ 1,295     $ 252     $ 2,768   Real Estate - Construction     2,533       -       2,533       413       5,801   Real Estate - Commercial Mortgage     42,370       9,030       33,340       4,640       48,820   Real Estate -  Residential     37,780       3,295       34,485       7,965       41,958   Real Estate - Home Equity     3,278       375       2,903       1,389       3,087   Consumer     143       -       143       71       172   Total   $ 87,788     $ 13,089     $ 74,699     $ 14,730     $ 102,606