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>