Quarterly report pursuant to Section 13 or 15(d)

LOANS, NET (Tables)

v2.4.0.6
LOANS, NET (Tables)
 9 Months Ended
Sep. 30, 2012
Notes to Financial Statements  
Schedule of composition of the loan portfolio

               
(Dollars in Thousands)   September 30, 2012   December 31, 2011  
Commercial, Financial and Agricultural   $ 135,939   $ 130,879  
Real Estate - Construction     39,537     18,892  
Real Estate - Commercial Mortgage     609,671     639,140  
Real Estate - Residential(1)     335,149     385,621  
Real Estate - Home Equity     239,446     244,263  
Consumer     157,026     188,663  
Loans, Net of Unearned Income(2)   $ 1,516,768   $ 1,607,458  
   
(1) Includes loans in process with outstanding balances of $8.1 million and $12.5 million for September 30, 2012 and December 31, 2011, respectively.
   
   
(2) Loans held for sale are presented separately on the balance sheet and not included in the table above.
Schedule of age analysis of past due loans, segregated by class of loans
                                       
(Dollars in Thousands)   30-59
DPD		   60-89
DPD		   Over 90
DPD		   Total
Past Due		   Total
Current		   Total
Loans		  
September 30, 2012                                      
Commercial, Financial and Agricultural   $ 339   $ 120   $ —   $ 459   $ 133,961   $ 135,939  
Real Estate - Construction     155     —     —     155     37,569     43,278  
Real Estate - Commercial Mortgage     3,390     295     —     3,685     565,674     609,671  
Real Estate - Residential     3,408     1,447     —     4,855     314,681     341,044  
Real Estate - Home Equity     1,370     346     —     1,716     233,170     239,446  
Consumer     1,768     285     —     2,053     161,242     163,917  
Total Past Due Loans   $ 10,430   $ 2,493   $ —   $ 12,923   $ 1,446,297   $ 1,533,295  
                                       
December 31, 2011                                      
Commercial, Financial and Agricultural   $ 307   $ 49   $ 46   $ 402   $ 129,722   $ 130,879  
Real Estate - Construction     —     —     —     —     26,034     26,367  
Real Estate - Commercial Mortgage     3,070     646     —     3,716     592,604     639,140  
Real Estate - Residential     7,983     3,031     58     11,072     350,133     386,877  
Real Estate - Home Equity     1,139     500     95     1,734     238,246     244,263  
Consumer     2,355     345     25     2,725     197,272     201,157  
Total Past Due Loans   $ 14,854   $ 4,571   $ 224   $ 19,649   $ 1,534,011   $ 1,628,683  
Schedule of recorded investment in nonaccrual loans and loans past due over 90 days and still on accrual by class of loans
September 30, 2012   December 31, 2011  
(Dollars in Thousands)   Nonaccrual   Over 90 Days   Nonaccrual   Over 90 Days  
Commercial, Financial and Agricultural   $ 1,521   $ —   $ 755   $ 46  
Real Estate - Construction     5,554     —     334     —  
Real Estate - Commercial Mortgage     40,312     —     42,820     —  
Real Estate - Residential     21,508     —     25,671     58  
Real Estate - Home Equity     4,559     —     4,283     95  
Consumer     621     —     1,160     25  
Total Nonaccrual Loans   $ 74,075   $ —   $ 75,023   $ 224  
Schedule of loans individually evaluated for impairment by class of loans
                           
(Dollars in Thousands)   Unpaid
Principal
Balance		   Recorded
Investment
With No
Allowance		   Recorded
Investment
With
Allowance		   Related
Allowance		  
September 30, 2012                          
Commercial, Financial and Agricultural   $ 2,379   $ 910   $ 1,469   $ 453  
Real Estate - Construction     5,716     797     4,919     701  
Real Estate - Commercial Mortgage     73,859     28,956     44,903     5,566  
Real Estate - Residential     28,429     3,905     24,524     3,604  
Real Estate - Home Equity     3,380     753     2,627     858  
Consumer     112     14     98     17  
Total   $ 113,875   $ 35,335   $ 78,540   $ 11,199  
                           
December 31, 2011                          
Commercial, Financial and Agricultural   $ 1,653   $ 671   $ 982   $ 311  
Real Estate - Construction     511     —     511     68  
Real Estate - Commercial Mortgage     65,624     19,987     45,637     5,828  
Real Estate - Residential     36,324     6,897     29,427     4,702  
Real Estate - Home Equity     3,527     645     2,882     239  
Consumer     143     90     53     26  
Total   $ 107,782   $ 28,290   $ 79,492   $ 11,174  
Schedule of Average recorded investment and interest income recognized by class of impaired loans
                                                   
    Three Months Ended September 30,   Nine Months Ended September 30,  
    2012   2011   2012   2011  
(Dollars in Thousands)   Average
Recorded
Investment		   Total
Interest
Income		   Average
Recorded
Investment		   Total
Interest
Income		   Average
Recorded
Investment		   Total
Interest
Income		   Average
Recorded
Investment		   Total
Interest
Income		  
Commercial, Financial and Agricultural   $ 1,969     48   $ 1,582     5   $ 2,016     90   $ 1,520     52  
Real Estate - Construction     6,138     21     2,000     106     3,114     91     2,197     116  
Real Estate - Commercial Mortgage     68,202     1,051     43,721     805     69,741     2,221     45,733     1,436  
Real Estate - Residential     28,850     332     27,946     215     32,377     828     29,209     650  
Real Estate - Home Equity     3,474     71     2,053     67     3,453     133     2,482     102  
Consumer     91     9     39     21     128     33     72     41  
Total   $ 108,724     1,532   $ 77,341     1,219   $ 110,829     3,396   $ 81,213     2,397  
Schedule of troubled debt restructurings loans
    Three Months Ended September 30,   Nine Months Ended September 30,  
    2012   2012  
(Dollars in Thousands)   Number
of
Contracts		   Pre-
Modified
Recorded
Investment		   Post-
Modified
Recorded
Investment		   Number
of
Contracts		   Pre-
Modified
Recorded
Investment		   Post-
Modified
Recorded
Investment		  
Commercial, Financial and Agricultural     1   $ 215   $ 215     5   $ 871   $ 875  
Real Estate - Construction     2     162     162     6     969     976  
Real Estate - Commercial Mortgage     18     5,255     5,360     45     13,799     14,104  
Real Estate - Residential     34     2,950     2,860     54     5,445     5,418  
Real Estate - Home Equity     16     611     610     16     611     610  
Consumer     57     568     591     59     586     635  
Total TDRs     128   $ 9,761   $ 9,798     185   $ 22,281   $ 22,618  
Schedule of loans classified as troubled debt in which modifications made
                                       
    Three Months Ended September 30,   Nine Months Ended September 30,  
    2012   2012  
(Dollars in Thousands)   Number
of
Contracts		   Pre-
Modified
Recorded
Investment		   Post-
Modified
Recorded
Investment		   Number
of
Contracts		   Pre-
Modified
Recorded
Investment		   Post-
Modified
Recorded
Investment		  
Commercial, Financial and Agricultural     1   $ 215   $ 215     5   $ 871   $ 875  
Real Estate - Construction     2     162     162     6     969     976  
Real Estate - Commercial Mortgage     18     5,255     5,360     45     13,799     14,104  
Real Estate - Residential     34     2,950     2,860     54     5,445     5,418  
Real Estate - Home Equity     16     611     610     16     611     610  
Consumer     57     568     591     59     586     635  
Total TDRs     128   $ 9,761   $ 9,798     185   $ 22,281   $ 22,618  

 

 

                                       
    Three Months Ended September 30,   Nine Months Ended September 30,  
    2011   2011  
(Dollars in Thousands)   Number of Contracts   Pre-Modified
Recorded
Investment		   Post-Modified
Recorded
Investment		   Number of Contracts   Pre-Modified
Recorded
Investment		   Post-Modified
Recorded
Investment		  
Commercial, Financial and Agricultural     3   $ 338   $ 318     7   $ 568   $ 547  
Real Estate - Construction     2     1,176     1,175     3     1,352     1,330  
Real Estate - Commercial Mortgage     16     5,093     5,347     39     13,658     13,768  
Real Estate - Residential     22     5,355     5,325     70     10,540     10,824  
Real Estate - Home Equity     5     462     472     9     639     660  
Consumer     —     —     —     2     24     23  
Total TDRs     48   $ 12,424   $ 12,637     130   $ 26,781   $ 27,152  
Schedule of loans classified as troubled debt subsequently defaulted
                           
    Three Months Ended September 30,   Nine Months Ended September 30,  
    2012   2012  
(Dollars in Thousands)   Number of
Contracts		   Post-Modified
Recorded
Investment		   Number of
Contracts		   Post-Modified
Recorded
Investment		  
Commercial, Financial and Agricultural     —   $ —     —   $ —  
Real Estate - Construction     —     —     —     —  
Real Estate - Commercial Mortgage     2     282     4     1,721  
Real Estate - Residential     4     751     7     1,710  
Real Estate - Home Equity     —     —     —     —  
Consumer     —     —     —     —  
Total TDRs     6   $ 1,033     11   $ 3,431  
                           
                           
                           
    Three Months Ended September 30,   Nine Months Ended September 30,  
    2011   2011  
(Dollars in Thousands)   Number of
Contracts		   Post-Modified
Recorded
Investment		   Number of
Contracts		   Post-Modified
Recorded
Investment		  
Commercial, Financial and Agricultural     —   $ —     2   $ 161  
Real Estate - Construction     —     —     —     —  
Real Estate - Commercial Mortgage     3     851     7     2,323  
Real Estate - Residential     6     988     9     1,967  
Real Estate - Home Equity     —     —     —     —  
Consumer     —     —     —     —  
Total TDRs     9   $ 1,839     18   $ 4,451  
Schedule of risk category of loans by segment
                           
(Dollars in Thousands)   Commercial,
Financial,
Agriculture		   Real Estate   Consumer   Total  
September 30, 2012                          
Special Mention   $ 5,363   $ 48,974   $ 38   $ 54,375  
Substandard     11,026     199,854     1,218     212,098  
Doubtful     160     1,879     —     2,039  
Total Criticized Loans   $ 16,549   $ 250,707   $ 1,256   $ 268,512  
                           
December 31, 2011                          
Special Mention   $ 4,883   $ 43,787   $ 79   $ 48,749  
Substandard     9,804     202,734     1,699     214,237  
Doubtful     111     7,763     —     7,874  
Total Criticized Loans   $ 14,798   $ 254,284   $ 1,778   $ 270,860  
Schedule of activity in the allowance for loan losses by portfolio class
                                                   
(Dollars in Thousands)   Commercial, Financial, Agricultural   Real Estate Construction   Real Estate Commercial Mortgage   Real Estate Residential   Real Estate Home Equity   Consumer   Unallocated   Total  
Three Months Ended September 30, 2012                                                  
Beginning Balance   $ 1,320   $ 2,703   $ 8,550   $ 12,085   $ 2,830   $ 1,441   $ 1,000   $ 29,929  
Provision for Loan Losses     572     329     1,788     (792 )   1,130     (130 )   (33 )   2,864  
Charge-Offs     (331 )   (127 )   (512 )   (981 )   (834 )   (355 )   —     (3,140 )
Recoveries     53     9     34     76     15     382     —     569  
Net Charge-Offs     (278 )   (118 )   (478 )   (905 )   (819 )   27     —     (2,571 )
Ending Balance   $ 1,614   $ 2,914   $ 9,860   $ 10,388   $ 3,141   $ 1,338   $ 967   $ 30,222  
                                                   
Nine Months Ended                                                  
September 30, 2012                                                  
Beginning Balance   $ 1,534   $ 1,133   $ 10,660   $ 12,518   $ 2,392   $ 1,887   $ 911   $ 31,035  
Provision for Loan Losses     534     2,147     4,548     3,505     2,752     (142 )   56     13,400  
Charge-Offs     (657 )   (402 )   (5,562 )   (6,843 )   (2,152 )   (1,635 )   —     (17,251 )
Recoveries     203     36     214     1,208     149     1,228     —     3,038  
Net Charge-Offs     (454 )   (366 )   (5,348 )   (5,635 )   (2,003 )   (407 )   —     (14,213 )
Ending Balance   $ 1,614   $ 2,914   $ 9,860   $ 10,388   $ 3,141   $ 1,338   $ 967   $ 30,222  
                                                   
Three Months Ended September 30, 2011                                                  
Beginning Balance   $ 1,784   $ 1,745   $ 8,561   $ 13,947   $ 2,248   $ 1,795   $ 1,000   $ 31,080  
Provision for Loan Losses     (17 )   (530 )   3,187     557     356     165     —     3,718  
Charge-Offs     (186 )   (75 )   (1,031 )   (3,287 )   (580 )   (832 )   —     (5,991 )
Recoveries     33     —     37     271     108     402     —     851  
Net Charge-Offs     (153 )   (75 )   (994 )   (3,016 )   (472 )   (430 )   —     (5,140 )
Ending Balance   $ 1,614   $ 1,140   $ 10,754   $ 11,488   $ 2,132   $ 1,530   $ 1,000   $ 29,658  
                                                   
Nine Months Ended September 30, 2011                                                  
Beginning Balance   $ 1,544   $ 2,060   $ 8,645   $ 17,046   $ 2,522   $ 2,612   $ 1,007   $ 35,436  
Provision for Loan Losses     1,133     (845 )   6,215     3,113     1,922     (135 )   (7 )   11,396  
Charge-Offs     (1,208 )   (90 )   (4,270 )   (9,115 )   (2,513 )   (2,055 )   —     (19,251 )
Recoveries     145     15     164     444     201     1,108     —     2,077  
Net Charge-Offs     (1,063 )   (75 )   (4,106 )   (8,671 )   (2,312 )   (947 )   —     (17,174 )
Ending Balance   $ 1,614   $ 1,140   $ 10,754   $ 11,488   $ 2,132   $ 1,530   $ 1,000   $ 29,658  
Schedule of allowance for loan losses by portfolio class and disaggregated on the basis of the impairment methodology

                                                   
(Dollars in Thousands)   Commercial, Financial, Agricultural   Real Estate Construction   Real Estate Commercial Mortgage   Real Estate Residential   Real Estate Home Equity   Consumer   Unallocated   Total  
September 30, 2012                                                  
Period-end amount allocated to:                                                  
Loans Individually Evaluated for Impairment   $ 453   $ 700   $ 5,566   $ 3,604   $ 858   $ 18   $ —   $ 11,199  
Loans Collectively Evaluated for Impairment     1,161     2,214     4,294     6,784     2,283     1,320     967     19,023  
Ending Balance   $ 1,614   $ 2,914   $ 9,860   $ 10,388   $ 3,141   $ 1,338   $ 967   $ 30,222  
                                                   
September 30, 2011                                                  
Period-end amount allocated to:                                                  
Loans Individually Evaluated for Impairment   $ 419   $ 484   $ 5,931   $ 4,062   $ 103   $ —   $ —   $ 10,999  
Loans Collectively Evaluated for Impairment     1,195     656     4,823     7,426     2,029     1,530     1,000     18,659  

Ending Balance

 

   $ 1,614   $ 1,140   $ 10,754   $ 11,488   $ 2,132   $ 1,530   $ 1,000   $ 29,658  
Schedule of allowance for loan losses by portfolio class

                                                   
(Dollars in Thousands)   Commercial, Financial, Agricultural   Real Estate Construction   Real Estate Commercial Mortgage   Real Estate Residential   Real Estate Home Equity   Consumer   Unallocated   Total  
September 30, 2012                                                  
Allowance Allocated to:                                                  
Individually Evaluated for Impairment   $ 2,379   $ 5,716   $ 75,707   $ 28,592   $ 3,380   $ 112   $ —   $ 115,886  
Collectively Evaluated for Impairment     133,560     37,562     533,964     312,452     236,066     163,805     —     1,417,409  
Total   $ 135,939   $ 43,278   $ 609,671   $ 341,044   $ 239,446   $ 163,917   $ —   $ 1,533,295  
                                                   
September 30, 2011                                                  
Total Loans:                                                  
Individually Evaluated for Impairment   $ 1,435   $ 2,690   $ 44,911   $ 26,063   $ 1,756   $ —   $ —   $ 76,855  
Collectively Evaluated for Impairment     141,076     29,301     599,217     376,343     243,682     191,225     —     1,580,844  
Total   $ 142,511   $ 31,991   $ 644,128   $ 402,406   $ 245,438   $ 191,225   $ —   $ 1,657,699