Annual report pursuant to Section 13 and 15(d)

Note 3 - Loans (Tables)

v3.10.0.1
Note 3 - Loans (Tables)
12 Months Ended
Dec. 31, 2018
Notes Tables  
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]
    December 31,
    2018   2017
         
    (In Thousands)
Commercial, financial and agricultural   $
2,513,225
    $
2,279,366
 
Real estate - construction    
533,192
     
580,874
 
Real estate - mortgage:                
Owner-occupied commercial    
1,463,887
     
1,328,666
 
1-4 family mortgage    
621,634
     
603,063
 
Other mortgage    
1,337,068
     
997,079
 
Total real estate - mortgage    
3,422,589
     
2,928,808
 
Consumer    
64,493
     
62,213
 
Total Loans    
6,533,499
     
5,851,261
 
Less: Allowance for loan losses    
(68,600
)    
(59,406
)
Net Loans   $
6,464,899
    $
5,791,855
 
Schedule of Allowance for Loan Losses [Table Text Block]
    Years Ended December 31,
    2018   2017   2016
             
    (In Thousands)
Balance, beginning of year   $
59,406
    $
51,893
    $
43,419
 
Loans charged off    
(12,753
)    
(16,332
)    
(5,198
)
Recoveries    
545
     
620
     
274
 
Provision for loan losses    
21,402
     
23,225
     
13,398
 
Balance, end of year   $
68,600
    $
59,406
    $
51,893
 
Allowance for Credit Losses on Financing Receivables [Table Text Block]
      Commercial,
financial and
agricultural
 
Real estate -

construction
 
Real estate -

mortgage
 
Consumer
   
Total
 
                     
    (In Thousands)
    Year Ended December 31, 2018
Allowance for loan losses:                                        
Balance at December 31, 2017   $
32,880
    $
4,989
    $
21,022
    $
515
    $
59,406
 
Charge-offs    
(11,428
)    
-
     
(1,042
)    
(283
)    
(12,753
)
Recoveries    
349
     
112
     
46
     
38
     
545
 
Provision    
17,215
     
(1,579
)    
5,482
     
284
     
21,402
 
Balance at December 31, 2018   $
39,016
    $
3,522
    $
25,508
    $
554
    $
68,600
 
                                         
   
December 31, 2018
Individually Evaluated for Impairment   $
6,066
    $
126
    $
1,887
    $
49
    $
8,128
 
Collectively Evaluated for Impairment    
32,950
     
3,396
     
23,621
     
505
     
60,472
 
                                         
Loans:                                        
Ending Balance   $
2,513,225
    $
533,192
    $
3,422,589
    $
64,493
    $
6,533,499
 
Individually Evaluated for Impairment    
18,444
     
1,461
     
18,637
     
49
     
38,591
 
Collectively Evaluated for Impairment    
2,494,781
     
531,731
     
3,403,952
     
64,444
     
6,494,908
 
                                         
   
Year Ended December 31, 2017
Allowance for loan losses:                                        
Balance at December 31, 2016   $
28,872
    $
5,125
    $
17,504
    $
392
    $
51,893
 
Charge-offs    
(13,910
)    
(56
)    
(2,056
)    
(310
)    
(16,332
)
Recoveries    
337
     
168
     
89
     
26
     
620
 
Provision    
17,581
     
(248
)    
5,485
     
407
     
23,225
 
Balance at December 31, 2017   $
32,880
    $
4,989
    $
21,022
    $
515
    $
59,406
 
                                         
   
December 31, 2017
Individually Evaluated for Impairment   $
4,276
    $
120
    $
1,163
    $
50
    $
5,609
 
Collectively Evaluated for Impairment    
28,604
     
4,869
     
19,859
     
465
     
53,797
 
                                         
Loans:                                        
Ending Balance   $
2,279,366
    $
580,874
    $
2,928,808
    $
62,213
    $
5,851,261
 
Individually Evaluated for Impairment    
26,447
     
1,571
     
12,404
     
88
     
40,510
 
Collectively Evaluated for Impairment    
2,252,919
     
579,303
     
2,916,404
     
62,125
     
5,810,751
 
Financing Receivable Credit Quality Indicators [Table Text Block]
        Special            
December 31, 2018   Pass   Mention   Substandard   Doubtful   Total
                     
    (In Thousands)
Commercial, financial and agricultural   $
2,447,052
    $
47,754
    $
18,419
    $
-
    $
2,513,225
 
Real estate - construction    
525,021
     
6,749
     
1,422
     
-
     
533,192
 
Real estate - mortgage:                                        
Owner-occupied commercial    
1,431,982
     
28,547
     
3,358
     
-
     
1,463,887
 
1-4 family mortgage    
616,884
     
2,703
     
2,047
     
-
     
621,634
 
Other mortgage    
1,309,101
     
16,506
     
11,461
     
-
     
1,337,068
 
Total real estate - mortgage    
3,357,967
     
47,756
     
16,866
     
-
     
3,422,589
 
Consumer    
64,444
     
-
     
49
     
-
     
64,493
 
Total   $
6,394,484
    $
102,259
    $
36,756
    $
-
    $
6,533,499
 
        Special            
December 31, 2017   Pass   Mention   Substandard   Doubtful   Total
                     
    (In Thousands)
Commercial, financial and agricultural   $
2,225,084
    $
27,835
    $
26,447
    $
-
    $
2,279,366
 
Real estate - construction    
572,657
     
6,691
     
1,526
     
-
     
580,874
 
Real estate - mortgage:                                        
Owner-occupied commercial    
1,317,113
     
7,333
     
4,220
     
-
     
1,328,666
 
1-4 family mortgage    
598,222
     
1,599
     
3,242
     
-
     
603,063
 
Other mortgage    
976,348
     
18,122
     
2,609
     
-
     
997,079
 
Total real estate - mortgage    
2,891,683
     
27,054
     
10,071
     
-
     
2,928,808
 
Consumer    
62,083
     
42
     
88
     
-
     
62,213
 
Total   $
5,751,507
    $
61,622
    $
38,132
    $
-
    $
5,851,261
 
Financing Receivable, Credit Substitute, Credit Quality Indicator [Table Text Block]
December 31, 2018   Performing   Nonperforming   Total
             
    (In Thousands)
Commercial, financial and agricultural   $
2,502,117
    $
11,108
    $
2,513,225
 
Real estate - construction    
532,195
     
997
     
533,192
 
Real estate - mortgage:                        
Owner-occupied commercial    
1,460,529
     
3,358
     
1,463,887
 
1-4 family mortgage    
619,465
     
2,169
     
621,634
 
Other mortgage    
1,327,038
     
10,030
     
1,337,068
 
Total real estate - mortgage    
3,407,032
     
15,557
     
3,422,589
 
Consumer    
64,385
     
108
     
64,493
 
Total   $
6,505,729
    $
27,770
    $
6,533,499
 
December 31, 2017   Performing   Nonperforming   Total
             
    (In Thousands)
Commercial, financial and agricultural   $
2,269,642
    $
9,724
    $
2,279,366
 
Real estate - construction    
580,874
     
-
     
580,874
 
Real estate - mortgage:                        
Owner-occupied commercial    
1,328,110
     
556
     
1,328,666
 
1-4 family mortgage    
602,604
     
459
     
603,063
 
Other mortgage    
997,079
     
-
     
997,079
 
Total real estate - mortgage    
2,927,793
     
1,015
     
2,928,808
 
Consumer    
62,127
     
86
     
62,213
 
Total   $
5,840,436
    $
10,825
    $
5,851,261
 
Past Due Financing Receivables [Table Text Block]
December 31, 2018   Past Due Status (Accruing Loans)            
                Total Past            
    30-59 Days   60-89 Days   90+ Days   Due   Non-Accrual   Current   Total Loans
                             
    (In Thousands)
Commercial, financial and agricultural   $
1,222
    $
48
    $
605
    $
1,875
    $
10,503
    $
2,500,847
    $
2,513,225
 
Real estate - construction    
-
     
1,352
     
-
     
1,352
     
997
     
530,843
     
533,192
 
Real estate - mortgage:                                                        
Owner-occupied commercial    
412
     
-
     
-
     
412
     
3,358
     
1,460,117
     
1,463,887
 
1-4 family mortgage    
534
     
235
     
123
     
892
     
2,046
     
618,696
     
621,634
 
Other mortgage    
1,174
     
-
     
5,008
     
6,182
     
5,022
     
1,325,864
     
1,337,068
 
Total real estate - mortgage    
2,120
     
235
     
5,131
     
7,486
     
10,426
     
3,404,677
     
3,422,589
 
Consumer    
58
     
123
     
108
     
289
     
-
     
64,204
     
64,493
 
Total   $
3,400
    $
1,758
    $
5,844
    $
11,002
    $
21,926
    $
6,500,571
    $
6,533,499
 
December 31, 2017   Past Due Status (Accruing Loans)            
                Total Past            
    30-59 Days   60-89 Days   90+ Days   Due   Non-Accrual   Current   Total Loans
                             
    (In Thousands)
Commercial, financial and agricultural   $
1,410
    $
5,702
    $
12
    $
7,124
    $
9,712
    $
2,262,530
    $
2,279,366
 
Real estate - construction    
56
     
997
     
-
     
1,053
     
-
     
579,821
     
580,874
 
Real estate - mortgage:                                                        
Owner-occupied commercial    
-
     
3,664
     
-
     
3,664
     
556
     
1,324,446
     
1,328,666
 
1-4 family mortgage    
430
     
850
     
-
     
1,280
     
459
     
601,324
     
603,063
 
Other mortgage    
5,116
     
-
     
-
     
5,116
     
-
     
991,963
     
997,079
 
Total real estate - mortgage    
5,546
     
4,514
     
-
     
10,060
     
1,015
     
2,917,733
     
2,928,808
 
Consumer    
131
     
23
     
48
     
202
     
38
     
61,973
     
62,213
 
Total   $
7,143
    $
11,236
    $
60
    $
18,439
    $
10,765
    $
5,822,057
    $
5,851,261
 
Impaired Financing Receivables [Table Text Block]
        Unpaid       Average   Interest Income
   
Recorded
 
Principal
 
Related
 
Recorded
 
Recognized
   
Investment
 
Balance
 
Allowance
 
Investment
 
in Period
                     
    (In Thousands)
With no allowance recorded:                                        
Commercial, financial and agricultural   $
6,064
 
  $
6,064
 
  $
-
 
  $
6,142
 
  $
237
 
Real estate - construction    
464
 
   
467
 
   
-
 
   
524
 
   
28
 
Real estate - mortgage:                                        
Owner-occupied commercial    
1,763
 
   
1,947
 
   
-
 
   
2,223
 
   
120
 
1-4 family mortgage    
1,071
 
   
1,071
 
   
-
 
   
1,088
 
   
21
 
Other mortgage    
5,061
 
   
5,061
 
   
-
 
   
5,133
 
   
252
 
Total real estate - mortgage    
7,895
 
   
8,079
 
   
-
 
   
8,444
 
   
393
 
Consumer    
-
 
   
-
 
   
-
 
   
-
 
   
-
 
Total with no allowance recorded    
14,423
 
   
14,610
 
   
-
 
   
15,110
 
   
658
 
                                         
With an allowance recorded:                                        
Commercial, financial and agricultural    
12,380
 
   
20,141
 
   
6,066
 
   
15,918
 
   
462
 
Real estate - construction    
997
 
   
997
 
   
126
 
   
997
 
   
31
 
Real estate - mortgage:                                        
Owner-occupied commercial    
3,358
 
   
3,358
 
   
99
 
   
3,364
 
   
105
 
1-4 family mortgage    
975
 
   
975
 
   
208
 
   
975
 
   
30
 
Other mortgage    
6,409
 
   
6,409
 
   
1,580
 
   
6,598
 
   
217
 
Total real estate - mortgage    
10,742
 
   
10,742
 
   
1,887
 
   
10,937
 
   
352
 
Consumer    
49
 
   
49
 
   
49
 
   
49
 
   
3
 
Total with allowance recorded    
24,168
 
   
31,929
 
   
8,128
 
   
27,901
 
   
848
 
                                         
Total Impaired Loans:                                        
Commercial, financial and agricultural    
18,444
 
   
26,205
 
   
6,066
 
   
22,060
 
   
699
 
Real estate - construction    
1,461
 
   
1,464
 
   
126
 
   
1,521
 
   
59
 
Real estate - mortgage:                                        
Owner-occupied commercial    
5,121
 
   
5,305
 
   
99
 
   
5,587
 
   
225
 
1-4 family mortgage    
2,046
 
   
2,046
 
   
208
 
   
2,063
 
   
51
 
Other mortgage    
11,470
 
   
11,470
 
   
1,580
 
   
11,731
 
   
469
 
Total real estate - mortgage    
18,637
 
   
18,821
 
   
1,887
 
   
19,381
 
   
745
 
Consumer    
49
 
   
49
 
   
49
 
   
49
 
   
3
 
Total impaired loans   $
38,591
 
  $
46,539
 
  $
8,128
 
  $
43,011
 
  $
1,506
 
        Unpaid       Average   Interest Income
   
Recorded
 
Principal
 
Related
 
Recorded
 
Recognized in
   
Investment
 
Balance
 
Allowance
 
Investment
 
Period
                     
    (In Thousands)
With no allowance recorded:                                        
Commercial, financial and agricultural   $
10,036
 
  $
16,639
 
  $
-
 
  $
16,417
 
  $
571
 
Real estate - construction    
574
 
   
577
 
   
-
 
   
663
 
   
31
 
Real estate - mortgage:                                        
Owner-occupied commercial    
2,640
 
   
2,806
 
   
-
 
   
2,875
 
   
159
 
1-4 family mortgage    
2,262
 
   
2,262
 
   
-
 
   
2,289
 
   
93
 
Other mortgage    
746
 
   
746
 
   
-
 
   
727
 
   
44
 
Total real estate - mortgage    
5,648
 
   
5,814
 
   
-
 
   
5,891
 
   
296
 
Consumer    
38
 
   
39
 
   
-
 
   
42
 
   
3
 
Total with no allowance recorded    
16,296
 
   
23,069
 
   
-
 
   
23,013
 
   
901
 
                                         
With an allowance recorded:                                        
Commercial, financial and agricultural    
16,411
 
   
16,992
 
   
4,276
 
   
17,912
 
   
651
 
Real estate - construction    
997
 
   
997
 
   
120
 
   
997
 
   
56
 
Real estate - mortgage:                                        
Owner-occupied commercial    
3,914
 
   
3,914
 
   
601
 
   
3,801
 
   
215
 
1-4 family mortgage    
980
 
   
980
 
   
281
 
   
1,113
 
   
54
 
Other mortgage    
1,862
 
   
1,862
 
   
281
 
   
1,862
 
   
80
 
Total real estate - mortgage    
6,756
 
   
6,756
 
   
1,163
 
   
6,776
 
   
349
 
Consumer    
50
 
   
50
 
   
50
 
   
42
 
   
3
 
Total with allowance recorded    
24,214
 
   
24,795
 
   
5,609
 
   
25,727
 
   
1,059
 
                                         
Total Impaired Loans:                                        
Commercial, financial and agricultural    
26,447
 
   
33,631
 
   
4,276
 
   
34,329
 
   
1,222
 
Real estate - construction    
1,571
 
   
1,574
 
   
120
 
   
1,660
 
   
87
 
Real estate - mortgage:                                        
Owner-occupied commercial    
6,554
 
   
6,720
 
   
601
 
   
6,676
 
   
374
 
1-4 family mortgage    
3,242
 
   
3,242
 
   
281
 
   
3,402
 
   
147
 
Other mortgage    
2,608
 
   
2,608
 
   
281
 
   
2,589
 
   
124
 
Total real estate - mortgage    
12,404
 
   
12,570
 
   
1,163
 
   
12,667
 
   
645
 
Consumer    
88
 
   
89
 
   
50
 
   
84
 
   
6
 
Total impaired loans   $
40,510
 
  $
47,864
 
  $
5,609
 
  $
48,740
 
  $
1,960
 
Troubled Debt Restructurings on Financing Receivables [Table Text Block]
    Year Ended December 31, 2018
        Pre-   Post-
        Modification   Modification
        Outstanding   Outstanding
   
Number of
 
Recorded
 
Recorded
   
Contracts
 
Investment
 
Investment
             
    (In Thousands)
Troubled Debt Restructurings                        
Commercial, financial and agricultural    
6
 
  $
7,242
 
  $
7,242
 
Real estate - construction    
1
 
   
997
 
   
997
 
Real estate - mortgage:                        
Owner-occupied commercial    
2
 
   
3,664
 
   
3,664
 
1-4 family mortgage    
1
 
   
850
 
   
850
 
Other mortgage    
-
 
   
-
 
   
-
 
Total real estate - mortgage    
3
 
   
4,514
 
   
4,514
 
Consumer    
-
 
   
-
 
   
-
 
     
10
 
  $
12,753
 
  $
12,753
 
    Year ended December 31, 2017
        Pre-   Post-
        Modification   Modification
        Outstanding   Outstanding
   
Number of
 
Recorded
 
Recorded
   
Contracts
 
Investment
 
Investment
             
Commercial, financial and agricultural    
6
 
  $
11,438
 
  $
11,438
 
Real estate - construction    
1
 
   
997
 
   
997
 
Real estate - mortgage:                        
Owner-occupied commercial    
2
 
   
3,664
 
   
3,664
 
1-4 family mortgage    
1
 
   
850
 
   
850
 
Other mortgage    
-
 
   
-
 
   
-
 
Total real estate - mortgage    
3
 
   
4,514
 
   
4,514
 
Consumer    
-
 
   
-
 
   
-
 
     
10
 
  $
16,949
 
  $
16,949
 
    Year Ended December 31,
    2018   2017
Defaulted during the period, where modified in a TDR twelve months prior to default        
Commercial, financial and agricultural   $
6,900
    $
-
 
Real estate - construction    
997
     
-
 
Real estate - mortgage:                
Owner occupied commercial    
3,664
     
-
 
1-4 family mortgage    
850
     
-
 
Other mortgage    
-
     
-
 
Total real estate - mortgage    
4,514
     
-
 
Consumer    
-
     
-
 
    $
12,411
    $
-
 
Schedule of Changes in Related Party Loans [Table Text Block] <div style="display: inline; font-family: times new roman; font-size: 10pt"><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin-left: 0.5in; min-; min-width: 700px;"> <tr style="vertical-align: bottom"> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; padding-bottom: 1pt"> </td> <td colspan="7" style="font-size: 10pt; text-align: center; border-bottom: Black 1pt solid">Years Ended December 31,</td> </tr> <tr style="vertical-align: bottom"> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; padding-bottom: 1pt"> </td> <td colspan="3" style="font-size: 10pt; text-align: center; border-bottom: Black 1pt solid">2018</td> <td style="font-size: 10pt; padding-bottom: 1pt"> </td> <td colspan="3" style="font-size: 10pt; text-align: center; border-bottom: Black 1pt solid">2017</td> </tr> <tr style="vertical-align: bottom"> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt"> </td> <td colspan="3" style="font-size: 10pt; text-align: center"> </td> <td style="font-size: 10pt"> </td> <td colspan="3" style="font-size: 10pt; text-align: center"> </td> </tr> <tr style="vertical-align: bottom"> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt"> </td> <td colspan="7" style="font-size: 10pt; text-align: center">(In Thousands)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 74%; font-size: 10pt; text-align: left">Balance, beginning of year</td> <td style="width: 1%; font-size: 10pt"> </td> <td style="width: 1%; font-size: 10pt; text-align: left">$</td> <td style="width: 10%; font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">8,440</div></td> <td style="width: 1%; font-size: 10pt; text-align: left"> </td> <td style="width: 1%; font-size: 10pt"> </td> <td style="width: 1%; font-size: 10pt; text-align: left">$</td> <td style="width: 10%; font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">10,806</div></td> <td style="width: 1%; font-size: 10pt; text-align: left"> </td> </tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-size: 10pt; text-indent: 10pt">Additions</td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">4,174</div></td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td style="font-size: 10pt; text-align: left"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-size: 10pt; text-indent: 10pt">Advances</td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">3,657</div></td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">7,351</div></td> <td style="font-size: 10pt; text-align: left"> </td> </tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-size: 10pt; padding-bottom: 1pt; text-indent: 10pt">Repayments</td> <td style="font-size: 10pt; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(10,843</div></td> <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">)</td> <td style="font-size: 10pt; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(9,717</div></td> <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-size: 10pt; text-align: left; padding-bottom: 2.5pt">Balance, end of year</td> <td style="font-size: 10pt; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">5,428</div></td> <td style="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">8,440</div></td> <td style="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: left"> </td> </tr> </table></div>