Quarterly report pursuant to Section 13 or 15(d)

LOANS (Tables)

v2.4.0.6
LOANS (Tables)
 9 Months Ended 12 Months Ended
Sep. 30, 2012
Dec. 31, 2011
Details Of Loans
    September 30,   December 31,
    2012   2011
    (Dollars In Thousands)  
Commercial, financial and agricultural $ 910,220     $ 799,464  
Real estate - construction   153,351       151,218  
Real estate - mortgage:              
  Owner-occupied commercial   530,350       398,601  
  1-4 family mortgage   236,060       205,182  
  Other mortgage   288,677       235,251  
  Subtotal: Real estate - mortgage   1,055,087       839,034  
Consumer   42,472       41,026  
  Total Loans   2,161,130       1,830,742  
Less: Allowance for loan losses   (24,604)       (22,030)  
  Net Loans $ 2,136,526     $ 1,808,712  
                 
                 
Commercial, financial and agricultural   42.12 %     43.67 %
Real estate - construction   7.10 %     8.26 %
Real estate - mortgage:              
  Owner-occupied commercial   24.54 %     21.77 %
  1-4 family mortgage   10.92 %     11.21 %
  Other mortgage   13.36 %     12.85 %
  Subtotal: Real estate - mortgage   48.82 %     45.83 %
Consumer   1.96 %     2.24 %
  Total Loans   100.00 %     100.00 %
 
Loans By Credit Quality Indicator
              Special            
  September 30, 2012   Pass   Mention   Substandard   Doubtful   Total
          (In Thousands)
  Commercial, financial                              
    and agricultural   $ 893,444   $ 9,995   $ 6,781   $ -   $ 910,220
  Real estate - construction     125,589     11,756     16,006     -     153,351
  Real estate - mortgage:                              
    Owner-occupied                              
      commercial     516,073     5,149     9,128     -     530,350
    1-4 family mortgage     223,659     6,265     6,136     -     236,060
    Other mortgage     278,355     6,794     3,528     -     288,677
  Total real estate mortgage     1,018,087     18,208     18,792     -     1,055,087
  Consumer     42,063     81     328     -     42,472
      Total   $ 2,079,183   $ 40,040   $ 41,907   $ -   $ 2,161,130
                                     
              Special            
  December 31, 2011   Pass   Mention   Substandard   Doubtful   Total
          (In Thousands)
  Commercial, financial                              
    and agricultural   $ 780,270   $ 11,775   $ 7,419   $ -   $ 799,464
  Real estate - construction     117,244     14,472     19,502     -     151,218
  Real estate - mortgage:                              
    Owner-occupied                              
      commercial     385,084     7,333     6,184     -     398,601
    1-4 family mortgage     194,447     4,835     5,900     -     205,182
    Other mortgage     224,807     7,034     3,410     -     235,251
  Total real estate mortgage     804,338     19,202     15,494     -     839,034
  Consumer     40,353     96     577     -     41,026
      Total   $ 1,742,205   $ 45,545   $ 42,992   $ -   $ 1,830,742
 
Loans By Performance Status
  September 30, 2012     Performing     Nonperforming     Total  
          (In Thousands)  
  Commercial, financial                    
    and agricultural   $ 909,853   $ 367   $ 910,220  
  Real estate - construction     145,130     8,221     153,351  
  Real estate - mortgage:                    
    Owner-occupied                    
      commercial     527,393     2,957     530,350  
    1-4 family mortgage     235,591     469     236,060  
    Other mortgage     287,644     1,033     288,677  
  Total real estate mortgage     1,050,628     4,459     1,055,087  
  Consumer     42,308     164     42,472  
      Total   $ 2,147,919   $ 13,211   $ 2,161,130  
                           
  December 31, 2011     Performing     Nonperforming     Total  
          (In Thousands)  
  Commercial, financial                    
    and agricultural   $ 798,285   $ 1,179   $ 799,464  
  Real estate - construction     141,155     10,063     151,218  
  Real estate - mortgage:                    
    Owner-occupied                    
      commercial     397,809     792     398,601  
    1-4 family mortgage     204,512     670     205,182  
    Other mortgage     234,558     693     235,251  
  Total real estate mortgage     836,879     2,155     839,034  
  Consumer     40,651     375     41,026  
      Total   $ 1,816,970   $ 13,772   $ 1,830,742  
 
Loans By Past Due Status
September 30, 2012     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   $ 757   $ 371   $ -   $ 1,128   $ 367   $ 908,725   $ 910,220
Real estate - construction     -     32     -     32     8,221     145,098     153,351
Real estate - mortgage:                                          
  Owner-occupied                                          
    commercial     1,555     -     -     1,555     2,957     525,838     530,350
  1-4 family mortgage     242     -     -     242     469     235,349     236,060
  Other mortgage     1,000     -     -     1,000     1,033     286,644     288,677
  Total real estate -                                          
    mortgage     2,797     -     -     2,797     4,459     1,047,831     1,055,087
Consumer     216     20     38     274     126     42,072     42,472
Total     $ 3,770   $ 423   $ 38   $ 4,231   $ 13,173   $ 2,143,726   $ 2,161,130
                                               
December 31, 2011     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   $ -   $ -   $ -   $ -   $ 1,179   $ 798,285   $ 799,464
Real estate - construction     2,234     -     -     2,234     10,063     138,921     151,218
Real estate - mortgage:                                          
  Owner-occupied                                          
    commercial     -     -     -     -     792     397,809     398,601
  1-4 family mortgage     2,107     -     -     2,107     670     202,405     205,182
  Other mortgage     -     -     -     -     693     234,558     235,251
  Total real estate -                                          
    mortgage     2,107     -     -     2,107     2,155     834,772     839,034
Consumer     -     84     -     84     375     40,567     41,026
Total     $ 4,341   $ 84   $ -   $ 4,425   $ 13,772   $ 1,812,545   $ 1,830,742
 
Details Of Company's Impaired Loans
      Commercial,                              
      financial and   Real estate -   Real estate -                  
      agricultural   construction   mortgage   Consumer   Unallocated   Total
      (In Thousands)
      Three Months Ended September 30, 2012
Allowance for loan losses:                                    
Balance at June 30, 2012   $ 6,511   $ 7,582   $ 3,640   $ 285   $ 5,221   $ 23,239
  Charge-offs     (349)     (16)     (30)     (79)     -     (474)
  Recoveries     24     47     582     1     -     654
  Provision     1,090     (1,560)     615     96     944     1,185
Balance at September 30, 2012   $ 7,276   $ 6,053   $ 4,807   $ 303   $ 6,165   $ 24,604
                                       
      Three Months Ended September 30, 2011
Allowance for loan losses:                                    
Balance at June 30, 2011   $ 5,822   $ 6,468   $ 3,187   $ 551   $ 3,488   $ 19,516
  Charge-offs     (37)     (678)     (88)     (11)     -     (814)
  Recoveries     12     10     1     1     -     24
  Provision     464     479     964     482     351     2,740
Balance at September 30, 2011   $ 6,261   $ 6,279   $ 4,064   $ 1,023   $ 3,839   $ 21,466
                                       
      Nine Months Ended September 30, 2012
Allowance for loan losses:                                    
Balance at December 31, 2011   $ 6,627   $ 6,542   $ 3,295   $ 531   $ 5,035   $ 22,030
  Charge-offs     (898)     (2,935)     (311)     (707)     -     (4,851)
  Recoveries     124     55     588     7     -     774
  Provision     1,423     2,391     1,235     472     1,130     6,651
Balance at September 30, 2012   $ 7,276   $ 6,053   $ 4,807   $ 303   $ 6,165   $ 24,604
                                       
      Nine Months Ended September 30, 2011
Allowance for loan losses:                                    
Balance at December 31, 2010   $ 5,348   $ 6,373   $ 2,443   $ 749   $ 3,164   $ 18,077
  Charge-offs     (897)     (1,999)     (103)     (340)     -     (3,339)
  Recoveries     12     174     2     75     -     263
  Provision     1,798     1,731     1,722     539     675     6,465
Balance at September 30, 2011   $ 6,261   $ 6,279   $ 4,064   $ 1,023   $ 3,839   $ 21,466
                                       
      As of September 30, 2012
                                       
Allowance for loan losses:                                    
Ending Balance   $ 7,276   $ 6,053   $ 4,807   $ 303   $ 6,165   $ 24,604
Individually Evaluated for Impairment     714     1,177     1,953     81     -     3,925
Collectively Evaluated for Impairment     6,562     4,876     2,854     222     6,165     20,679
                                       
Loans:                                    
Ending Balance   $ 910,220   $ 153,351   $ 1,055,087   $ 42,472   $ -   $ 2,161,130
Individually Evaluated for Impairment     4,063     16,006     18,353     328     -     38,750
Collectively Evaluated for Impairment     906,157     137,345     1,036,734     42,144     -     2,122,380
                                       
      As of December 31, 2011
                                       
Allowance for loan losses:                                    
Ending Balance   $ 6,627   $ 6,542   $ 3,295   $ 531   $ 5,035   $ 22,030
Individually Evaluated for Impairment     1,382     1,533     941     325     -     4,181
Collectively Evaluated for Impairment     5,245     5,009     2,354     206     5,035     17,849
                                       
Loans:                                    
Ending Balance   $ 799,464   $ 151,218   $ 839,034   $ 41,026   $ -   $ 1,830,742
Individually Evaluated for Impairment     5,578     16,262     14,866     547     -     37,253
Collectively Evaluated for Impairment     793,886     134,956     824,168     40,479     -     1,793,489

                        For the three months   For the nine months
                        ended September 30,   ended September 30,
      September 30, 2012   2012   2012
                              Interest         Interest
            Unpaid       Average   Income   Average   Income
      Recorded   Principal   Related   Recorded   Recognized   Recorded   Recognized
      Investment   Balance   Allowance   Investment   in Period   Investment   in Period
      (In Thousands)
With no allowance recorded:                                        
  Commercial, financial                                        
    and agricultural $ 2,085   $ 2,338   $ -   $ 1,856   $ 73   $ 1,289   $ 119
  Real estate - construction   5,805     6,350     -     5,833     42     5,733     159
  Real estate - mortgage:                                        
    Owner-occupied commercial   5,228     5,539     -     5,550     68     5,367     182
    1-4 family mortgage   1,925     2,147     -     1,872     14     1,999     56
    Other mortgage   2,886     2,886     -     2,885     31     2,855     96
  Total real estate - mortgage   10,039     10,572     -     10,307     113     10,221     334
  Consumer   36     610     -     36     -     183     -
  Total with no allowance recorded   17,965     19,870     -     18,032     228     17,426     612
                                             
With an allowance recorded:                                        
  Commercial, financial                                        
    and agricultural   1,978     1,978     714     1,956     29     1,954     89
  Real estate - construction   10,201     11,712     1,177     10,949     4     11,686     134
  Real estate - mortgage:                                        
    Owner-occupied commercial   3,671     3,671     804     3,675     26     3,794     81
    1-4 family mortgage   4,001     4,001     894     4,001     38     4,000     103
    Other mortgage   642     642     255     642     4     648     22
  Total real estate - mortgage   8,314     8,314     1,953     8,318     68     8,442     206
  Consumer   292     344     81     344     3     268     7
  Total with allowance recorded   20,785     22,348     3,925     21,567     104     22,350     436
                                             
Total Impaired Loans:                                        
  Commercial, financial                                        
    and agricultural   4,063     4,316     714     3,812     102     3,243     208
  Real estate - construction   16,006     18,062     1,177     16,782     46     17,419     293
  Real estate - mortgage:                                        
    Owner-occupied commercial   8,899     9,210     804     9,225     94     9,161     263
    1-4 family mortgage   5,926     6,148     894     5,873     52     5,999     159
    Other mortgage   3,528     3,528     255     3,527     35     3,503     118
  Total real estate - mortgage   18,353     18,886     1,953     18,625     181     18,663     540
  Consumer   328     954     81     380     3     451     7
  Total impaired loans $ 38,750   $ 42,218   $ 3,925   $ 39,599   $ 332   $ 39,776   $ 1,048
December 31, 2011  
                                   
            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 $ 1,264   $ 1,264   $ -   $ 1,501   $ 74  
  Real estate - construction   11,583     12,573     -     10,406     226  
    Owner-occupied commercial   2,493     2,493     -     2,523     153  
    1-4 family mortgage   1,293     1,293     -     1,241     44  
    Other mortgage   2,837     2,837     -     2,746     162  
  Total real estate - mortgage   6,623     6,623     -     6,510     359  
  Consumer   173     173     -     173     6  
  Total with no allowance recorded   19,643     20,633     -     18,590     665  
                                   
With an allowance recorded:                              
  Commercial, financial                              
    and agricultural   4,314     4,314     1,382     4,156     226  
  Real estate - construction   4,679     4,679     1,482     3,987     94  
  Real estate - mortgage:                              
    Owner-occupied commercial   3,515     3,515     88     3,504     365  
    1-4 family mortgage   4,397     4,397     904     4,484     198  
    Other mortgage   331     331     -     337     22  
  Total real estate - mortgage   8,243     8,243     992     8,325     585  
  Consumer   374     624     325     425     -  
  Total with allowance recorded   17,610     17,860     4,181     16,893     905  
                                   
Total Impaired Loans:                              
  Commercial, financial                              
    and agricultural   5,578     5,578     1,382     5,657     300  
  Real estate - construction   16,262     17,252     1,482     14,393     320  
  Real estate - mortgage:                              
    Owner-occupied commercial   6,008     6,008     88     6,027     518  
    1-4 family mortgage   5,690     5,690     904     5,725     242  
    Other mortgage   3,168     3,168     -     3,083     184  
  Total real estate - mortgage   14,866     14,866     992     14,835     944  
  Consumer   547     797     325     598     6  
  Total impaired loans $ 37,253   $ 38,493   $ 4,181   $ 35,483   $ 1,570  
Analysis Of Troubled Debt Restructuring
        September 30, 2012   September 30, 2011
            Pre-   Post-       Pre-   Post-
            Modification   Modification       Modification   Modification
            Outstanding   Outstanding       Outstanding   Outstanding
        Number of   Recorded   Recorded   Number of   Recorded   Recorded
        Contracts   Investment   Investment   Contracts   Investment   Investment
        (In Thousands)
Troubled Debt Restructurings                                
  Commercial, financial and                                
    agricultural   2   $ 1,216   $ 1,216   5   $ 1,831   $ 1,831
  Real estate - construction   15     2,899     2,899   -     -     -
  Real estate - mortgage:                                
    Owner-occupied                                
    commercial   6     5,907     5,907   1     2,357     2,357
    1-4 family mortgage   5     1,709     1,709   -     -     -
    Other mortgage   1     304     304   1     334     334
  Total real estate mortgage   12     7,920     7,920   2     2,691     2,691
  Consumer   -     -     -   -     -     -
        29   $ 12,035   $ 12,035   7   $ 4,522   $ 4,522
                                     
        Number of     Recorded       Number of     Recorded    
        Contracts     Investment       Contracts     Investment    
                                     
Troubled Debt Restructurings                                
That Subsequently Defaulted                                
  Commercial, financial and                                
    agricultural   -   $ -         -   $ -      
  Real estate - construction   -     -         -     -      
  Real estate - mortgage:                                
    Owner-occupied                                
    commercial   3     2,786         -     -      
    1-4 family mortgage   -     -         -     -      
    Other mortgage   -     -         -     -      
  Total real estate - mortgage   3     2,786         -     -      
  Consumer   -     -         -     -      
        3   $ 2,786         -   $ -