Document_and_Entity_Informatio
Document and Entity Information | 9 Months Ended | |
Sep. 30, 2013 | Oct. 31, 2013 | |
Document Documentand Entity Information [Abstract] | ' | ' |
Document Type | '10-Q | ' |
Amendment Flag | 'false | ' |
Document Period End Date | 30-Sep-13 | ' |
Document Fiscal Year Focus | '2013 | ' |
Document Fiscal Period Focus | 'Q3 | ' |
Trading Symbol | 'WTFC | ' |
Entity Registrant Name | 'WINTRUST FINANCIAL CORP | ' |
Entity Central Index Key | '0001015328 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Filer Category | 'Large Accelerated Filer | ' |
Entity Common Stock, Shares Outstanding | ' | 39,933,549 |
Consolidated_Statements_Of_Con
Consolidated Statements Of Condition (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 |
Assets | ' | ' | ' |
Cash and due from banks | $322,866,000 | $284,731,000 | $186,752,000 |
Federal funds sold and securities purchased under resale agreements | 7,771,000 | 30,297,000 | 26,062,000 |
Interest-bearing deposits with other banks | 681,834,000 | 1,035,743,000 | 934,430,000 |
Available-for-sale securities, at fair value | 1,781,883,000 | 1,796,076,000 | 1,256,768,000 |
Trading account securities | 259,000 | 583,000 | 635,000 |
Federal Home Loan Bank and Federal Reserve Bank stock | 76,755,000 | 79,564,000 | 80,687,000 |
Brokerage customer receivables | 29,253,000 | 24,864,000 | 30,633,000 |
Mortgage loans held-for-sale, at fair value | 329,186,000 | 385,033,000 | 548,300,000 |
Mortgage loans held-for-sale, at lower of cost or market | 5,159,000 | 27,167,000 | 21,685,000 |
Loans, net of unearned income, excluding covered loans | 12,581,039,000 | 11,828,943,000 | 11,489,900,000 |
Covered loans | 415,988,000 | 560,087,000 | 657,525,000 |
Total loans | 12,997,027,000 | 12,389,030,000 | 12,147,425,000 |
Less: Allowance for loan losses | 107,188,000 | 107,351,000 | 112,287,000 |
Less: Allowance for covered loan losses | 12,924,000 | 13,454,000 | 21,926,000 |
Net loans | 12,876,915,000 | 12,268,225,000 | 12,013,212,000 |
Premises and equipment, net | 517,942,000 | 501,205,000 | 461,905,000 |
FDIC Indemnification asset | 100,313,000 | 208,160,000 | 238,305,000 |
Accrued interest receivable and other assets | 576,121,000 | 511,617,000 | 557,884,000 |
Trade date securities receivable | 0 | 0 | 307,295,000 |
Goodwill | 357,309,000 | 345,401,000 | 331,634,000 |
Other intangible assets | 18,982,000 | 20,947,000 | 22,405,000 |
Total assets | 17,682,548,000 | 17,519,613,000 | 17,018,592,000 |
Liabilities and Shareholders’ Equity | ' | ' | ' |
Non-interest bearing | 2,622,518,000 | 2,396,264,000 | 2,162,215,000 |
Interest bearing | 12,024,928,000 | 12,032,280,000 | 11,685,750,000 |
Total deposits | 14,647,446,000 | 14,428,544,000 | 13,847,965,000 |
Notes payable | 1,546,000 | 2,093,000 | 2,275,000 |
Federal Home Loan Bank advances | 387,852,000 | 414,122,000 | 414,211,000 |
Other borrowings | 246,870,000 | 274,411,000 | 377,229,000 |
Secured borrowings-owed to securitization investors | 0 | 0 | 0 |
Subordinated notes | 10,000,000 | 15,000,000 | 15,000,000 |
Junior subordinated debentures | 249,493,000 | 249,493,000 | 249,493,000 |
Trade date securities payable | 0 | 0 | 412,000 |
Accrued interest payable and other liabilities | 265,775,000 | 331,245,000 | 350,707,000 |
Total liabilities | 15,808,982,000 | 15,714,908,000 | 15,257,292,000 |
Preferred stock, no par value; 20,000,000 shares authorized: | ' | ' | ' |
Common stock, no par value; $1.00 stated value; 100,000,000 shares authorized at September 30, 2013, December 31, 2012, and September 30, 2012; 39,992,300 shares issued at September 30, 2013, 37,107,684 shares issued at December 31, 2012, and 36,647,154 shares issued at September 30, 2012 | 39,992,000 | 37,108,000 | 36,647,000 |
Surplus | 1,118,550,000 | 1,036,295,000 | 1,018,417,000 |
Treasury stock, at cost, 261,257 shares at September 30, 2013, 249,329 shares at December 31, 2012, and 239,373 shares at September 30, 2012 | -8,290,000 | -7,838,000 | -7,490,000 |
Retained earnings | 643,228,000 | 555,023,000 | 527,550,000 |
Accumulated other comprehensive (loss) income | -46,414,000 | 7,711,000 | 9,805,000 |
Total shareholders' equity | 1,873,566,000 | 1,804,705,000 | 1,761,300,000 |
Total liabilities and shareholders' equity | $17,682,548,000 | $17,519,613,000 | $17,018,592,000 |
Consolidated_Statements_Of_Con1
Consolidated Statements Of Condition (Parenthetical) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 |
Series A Preferred Stock [Member] | Series A Preferred Stock [Member] | Series A Preferred Stock [Member] | Series C Preferred Stock [Member] | Series C Preferred Stock [Member] | Series C Preferred Stock [Member] | ||||
Preferred stock, no par value | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Preferred stock, 20,000,000 shares authorized | 20,000,000 | 20,000,000 | 20,000,000 | ' | ' | ' | ' | ' | ' |
Preferred stock, $1,000 liquidation value | ' | ' | ' | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 |
Preferred stock, shares issued | ' | ' | ' | 0 | 50,000 | 50,000 | 126,500 | 126,500 | 126,500 |
Preferred stock, shares outstanding | ' | ' | ' | 0 | 50,000 | 50,000 | 126,500 | 126,500 | 126,500 |
Common stock, no par value | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common stock, $1.00 stated value | $1 | $1 | $1 | ' | ' | ' | ' | ' | ' |
Common stock, 100,000,000 shares authorized | 100,000,000 | 100,000,000 | 100,000,000 | ' | ' | ' | ' | ' | ' |
Common stock, shares issued | 39,992,300 | 37,107,684 | 36,647,154 | ' | ' | ' | ' | ' | ' |
Treasury stock, shares | 261,257 | 249,329 | 239,373 | ' | ' | ' | ' | ' | ' |
Consolidated_Statements_Of_Inc
Consolidated Statements Of Income (Unaudited) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Interest income | ' | ' | ' | ' |
Interest and fees on loans | $150,810 | $149,271 | $438,907 | $436,926 |
Interest bearing deposits with banks | 229 | 362 | 1,209 | 813 |
Federal funds sold and securities purchased under resale agreements | 4 | 7 | 23 | 25 |
Securities | 9,224 | 7,691 | 27,335 | 30,048 |
Trading account securities | 14 | 3 | 27 | 22 |
Federal Home Loan Bank and Federal Reserve Bank stock | 687 | 649 | 2,064 | 1,894 |
Brokerage customer receivables | 200 | 218 | 562 | 650 |
Total interest income | 161,168 | 158,201 | 470,127 | 470,378 |
Interest expense | ' | ' | ' | ' |
Interest on deposits | 12,524 | 16,794 | 40,703 | 52,097 |
Interest on Federal Home Loan Bank advances | 2,729 | 2,817 | 8,314 | 9,268 |
Interest on notes payable and other borrowings | 910 | 2,024 | 3,196 | 7,400 |
Interest on secured borrowings-owed to securitization investors | 0 | 795 | 0 | 5,087 |
Interest on subordinated notes | 40 | 67 | 151 | 362 |
Interest on junior subordinated debentures | 3,183 | 3,129 | 9,444 | 9,424 |
Total interest expense | 19,386 | 25,626 | 61,808 | 83,638 |
Net interest income | 141,782 | 132,575 | 408,319 | 386,740 |
Provision for credit losses | 11,114 | 18,799 | 42,183 | 56,890 |
Net interest income after provision for credit losses | 130,668 | 113,776 | 366,136 | 329,850 |
Non-interest income | ' | ' | ' | ' |
Wealth management | 16,057 | 13,252 | 46,777 | 39,046 |
Mortgage banking | 25,682 | 31,127 | 87,561 | 75,268 |
Service charges on deposit accounts | 5,308 | 4,235 | 15,136 | 12,437 |
Gains on available-for-sale securities, net | 75 | 409 | 328 | 2,334 |
Fees from covered call options | 285 | 2,083 | 2,917 | 8,320 |
Gain on bargain purchases, net | 0 | 6,633 | 0 | 7,418 |
Trading (losses) gains, net | -1,655 | -998 | 1,170 | -1,780 |
Other | 8,910 | 6,204 | 22,147 | 17,860 |
Total non-interest income | 54,662 | 62,945 | 176,036 | 160,903 |
Non-interest expense | ' | ' | ' | ' |
Salaries and employee benefits | 78,007 | 75,280 | 234,745 | 212,449 |
Equipment | 6,593 | 5,888 | 19,190 | 16,754 |
Occupancy, net | 9,079 | 8,024 | 26,639 | 23,814 |
Data processing | 4,884 | 4,103 | 13,841 | 11,561 |
Advertising and marketing | 2,772 | 2,528 | 7,534 | 6,713 |
Professional fees | 3,378 | 4,653 | 10,790 | 12,104 |
Amortization of other intangible assets | 1,154 | 1,078 | 3,438 | 3,216 |
FDIC insurance | 3,245 | 3,549 | 9,692 | 10,383 |
OREO expense, net | 2,499 | 3,808 | 3,163 | 16,834 |
Other | 15,637 | 15,637 | 46,522 | 45,664 |
Total non-interest expense | 127,248 | 124,548 | 375,554 | 359,492 |
Income before taxes | 58,082 | 52,173 | 166,618 | 131,261 |
Income tax expense | 22,519 | 19,871 | 64,696 | 50,154 |
Net income | 35,563 | 32,302 | 101,922 | 81,107 |
Preferred stock dividends and discount accretion | 1,581 | 2,616 | 6,814 | 6,477 |
Net income applicable to common shares | $33,982 | $29,686 | $95,108 | $74,630 |
Net income per common share-Basic (in usd per share) | $0.86 | $0.82 | $2.51 | $2.06 |
Net income per common share-Diluted (in usd per share) | $0.71 | $0.66 | $2.05 | $1.70 |
Cash dividends declared per common share | $0.09 | $0.09 | $0.18 | $0.18 |
Weighted average common shares outstanding | 39,331 | 36,381 | 37,939 | 36,305 |
Dilutive potential common shares | 10,823 | 12,295 | 11,763 | 11,292 |
Average common shares and dilutive common shares | 50,154 | 48,676 | 49,702 | 47,597 |
Consolidated_Statements_Of_Com
Consolidated Statements Of Comprehensive Income (Unaudited) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Statement of Comprehensive Income [Abstract] | ' | ' | ' | ' |
Net income | $35,563 | $32,302 | $101,922 | $81,107 |
Unrealized (losses) gains on securities | ' | ' | ' | ' |
Before tax | -2,419 | 3,921 | -81,337 | 8,661 |
Tax effect | 959 | -1,563 | 32,106 | -3,447 |
Net of tax | -1,460 | 2,358 | -49,231 | 5,214 |
Less: Reclassification of net gains included in net income | ' | ' | ' | ' |
Before tax | 75 | 409 | 328 | 2,334 |
Tax effect | -30 | -162 | -131 | -934 |
Net of tax | 45 | 247 | 197 | 1,400 |
Net unrealized (losses) gains on securities | -1,505 | 2,111 | -49,428 | 3,814 |
Unrealized gains (losses) on derivative instruments | ' | ' | ' | ' |
Before tax | 647 | -293 | 4,290 | 1,439 |
Tax effect | -257 | 119 | -1,708 | -568 |
Net unrealized gains (losses) on derivative instruments | 390 | -174 | 2,582 | 871 |
Foreign currency translation adjustment | ' | ' | ' | ' |
Before tax | 4,970 | 8,438 | -9,575 | 11,139 |
Tax effect | -1,065 | -2,541 | 2,296 | -3,141 |
Net foreign currency translation adjustment | 3,905 | 5,897 | -7,279 | 7,998 |
Net other comprehensive income (loss) during the period, net of tax | 2,790 | 7,834 | -54,125 | 12,683 |
Comprehensive income | $38,353 | $40,136 | $47,797 | $93,790 |
Consolidated_Statements_Of_Cha
Consolidated Statements Of Changes In Shareholders Equity (Unaudited) (USD $) | Total | Series C Preferred Stock [Member] | Series A Preferred Stock [Member] | Preferred stock | Preferred stock | Preferred stock | Common stock | Common stock | Common stock | Surplus | Surplus | Surplus | Treasury stock | Treasury stock | Treasury stock | Retained earnings | Retained earnings | Retained earnings | Accumulated other comprehensive income (loss) | Accumulated other comprehensive income (loss) | Accumulated other comprehensive income (loss) |
In Thousands, unless otherwise specified | Series C Preferred Stock [Member] | Series A Preferred Stock [Member] | Series C Preferred Stock [Member] | Series A Preferred Stock [Member] | Series C Preferred Stock [Member] | Series A Preferred Stock [Member] | Series C Preferred Stock [Member] | Series A Preferred Stock [Member] | Series C Preferred Stock [Member] | Series A Preferred Stock [Member] | Series C Preferred Stock [Member] | Series A Preferred Stock [Member] | |||||||||
Balance at Dec. 31, 2011 | $1,543,533 | ' | ' | $49,768 | ' | ' | $35,982 | ' | ' | $1,001,316 | ' | ' | ($112) | ' | ' | $459,457 | ' | ' | ($2,878) | ' | ' |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net income | 81,107 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 81,107 | ' | ' | ' | ' | ' |
Other comprehensive (loss) income, net of tax | 12,683 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 12,683 | ' | ' |
Cash dividends declared on common stock | -6,537 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -6,537 | ' | ' | ' | ' | ' |
Dividends on preferred stock | -6,374 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -6,374 | ' | ' | ' | ' | ' |
Accretion on preferred stock | 0 | ' | ' | 103 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -103 | ' | ' | ' | ' | ' |
Stock-based compensation | 7,260 | ' | ' | ' | ' | ' | ' | ' | ' | 7,260 | ' | ' | 0 | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of Series C preferred stock | ' | 122,690 | ' | ' | 126,500 | ' | ' | 0 | ' | ' | -3,810 | ' | ' | 0 | ' | ' | 0 | ' | ' | 0 | ' |
Common stock issued for: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Acquisitions | 894 | ' | ' | 0 | ' | ' | 26 | ' | ' | 868 | ' | ' | 0 | ' | ' | 0 | ' | ' | 0 | ' | ' |
Exercise of stock options and warrants | 4,098 | ' | ' | ' | ' | ' | 439 | ' | ' | 10,050 | ' | ' | -6,391 | ' | ' | ' | ' | ' | ' | ' | ' |
Restricted stock awards | -1,016 | ' | ' | ' | ' | ' | 123 | ' | ' | -152 | ' | ' | -987 | ' | ' | ' | ' | ' | ' | ' | ' |
Employee stock purchase plan | 1,832 | ' | ' | ' | ' | ' | 55 | ' | ' | 1,777 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Director compensation plan | 1,130 | ' | ' | ' | ' | ' | 22 | ' | ' | 1,108 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Balance at Sep. 30, 2012 | 1,761,300 | ' | ' | 176,371 | ' | ' | 36,647 | ' | ' | 1,018,417 | ' | ' | -7,490 | ' | ' | 527,550 | ' | ' | 9,805 | ' | ' |
Balance at Dec. 31, 2012 | 1,804,705 | ' | ' | 176,406 | ' | ' | 37,108 | ' | ' | 1,036,295 | ' | ' | -7,838 | ' | ' | 555,023 | ' | ' | 7,711 | ' | ' |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net income | 101,922 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 101,922 | ' | ' | 0 | ' | ' |
Other comprehensive (loss) income, net of tax | -54,125 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -54,125 | ' | ' |
Cash dividends declared on common stock | -6,903 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -6,903 | ' | ' | ' | ' | ' |
Dividends on preferred stock | -6,744 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -6,744 | ' | ' | ' | ' | ' |
Accretion on preferred stock | 0 | ' | ' | 70 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -70 | ' | ' | ' | ' | ' |
Conversion of Series A preferred stock to common stock | ' | ' | 0 | ' | ' | -49,976 | ' | ' | 1,944 | ' | ' | 48,032 | ' | ' | 0 | ' | ' | 0 | ' | ' | 0 |
Stock-based compensation | 6,598 | ' | ' | ' | ' | ' | ' | ' | ' | 6,598 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common stock issued for: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Acquisitions | 23,070 | ' | ' | 0 | ' | ' | 648 | ' | ' | 22,422 | ' | ' | 0 | ' | ' | 0 | ' | ' | 0 | ' | ' |
Exercise of stock options and warrants | 2,026 | ' | ' | ' | ' | ' | 79 | ' | ' | 2,161 | ' | ' | -214 | ' | ' | ' | ' | ' | ' | ' | ' |
Restricted stock awards | 37 | ' | ' | ' | ' | ' | 135 | ' | ' | 140 | ' | ' | -238 | ' | ' | ' | ' | ' | ' | ' | ' |
Employee stock purchase plan | 1,848 | ' | ' | ' | ' | ' | 47 | ' | ' | 1,801 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Director compensation plan | 1,132 | ' | ' | ' | ' | ' | 31 | ' | ' | 1,101 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Balance at Sep. 30, 2013 | $1,873,566 | ' | ' | $126,500 | ' | ' | $39,992 | ' | ' | $1,118,550 | ' | ' | ($8,290) | ' | ' | $643,228 | ' | ' | ($46,414) | ' | ' |
Consolidated_Statements_Of_Cas
Consolidated Statements Of Cash Flows (Unaudited) (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Operating Activities: | ' | ' |
Net income | $101,922 | $81,107 |
Adjustments to reconcile net income to net cash provided by operating activities | ' | ' |
Provision for credit losses | 42,183 | 56,890 |
Depreciation and amortization | 21,061 | 17,624 |
Stock-based compensation expense | 6,598 | 7,260 |
Tax benefit from stock-based compensation arrangements | 188 | 1,279 |
Excess tax benefits from stock-based compensation arrangements | -349 | -868 |
Net amortization of premium on securities | 1,534 | 4,745 |
Mortgage servicing rights fair value change and amortization, net | -1,373 | -3,469 |
Originations and purchases of mortgage loans held-for-sale | -2,966,058 | -2,688,002 |
Proceeds from sales of mortgage loans held-for-sale | 3,108,405 | 2,498,525 |
Bank owned life insurance income, net of claims | -2,372 | -2,234 |
Decrease in trading securities, net | 324 | 1,855 |
Net increase in brokerage customer receivables | -4,389 | -2,708 |
Gains on mortgage loans sold | -64,492 | -59,984 |
Gains on available-for-sale securities, net | -328 | -2,334 |
Gain on bargain purchases, net | 0 | -7,418 |
(Gain) loss on sales of premises and equipment, net | -375 | 702 |
Net (gain) loss on sales and fair value adjustments of other real estate owned | -1,323 | 12,306 |
Decrease (increase) in accrued interest receivable and other assets, net | 29,542 | -13,335 |
(Decrease) increase in accrued interest payable and other liabilities, net | -50,290 | 140,857 |
Net Cash Provided by Operating Activities | 220,408 | 42,798 |
Investing Activities: | ' | ' |
Proceeds from maturities of available-for-sale securities | 169,139 | 473,331 |
Proceeds from sales of available-for-sale securities | 129,537 | 2,059,154 |
Purchases of available-for-sale securities | -240,640 | -2,079,665 |
Net cash (paid) received for acquisitions | -9,350 | 30,220 |
Divestiture of operations | -149,100 | 0 |
Proceeds from sales of other real estate owned | 76,506 | 65,902 |
Proceeds received from the FDIC related to reimbursements on covered assets | 47,408 | 152,594 |
Net decrease (increase) in interest-bearing deposits with banks | 412,638 | -113,963 |
Net increase in loans | -589,402 | -774,437 |
Purchases of premises and equipment, net | -24,239 | -45,533 |
Net Cash Used for Investing Activities | -177,503 | -232,397 |
Financing Activities: | ' | ' |
Increase in deposit accounts | 39,575 | 914,513 |
Decrease in other borrowings, net | -29,009 | -118,552 |
Decrease in Federal Home Loan Bank advances, net | -26,000 | -60,000 |
Repayment of subordinated notes | -5,000 | -20,000 |
Payoff of secured borrowing | 0 | -600,000 |
Excess tax benefits from stock-based compensation arrangements | 349 | 868 |
Net proceeds from issuance of Series C preferred stock | 0 | 122,690 |
Issuance of common shares resulting from exercise of stock options, employee stock purchase plan and conversion of common stock warrants | 5,307 | 12,143 |
Common stock repurchases | -452 | -7,378 |
Dividends paid | -12,066 | -11,575 |
Net Cash (Used for) Provided by Financing Activities | -27,296 | 232,709 |
Net Increase in Cash and Cash Equivalents | 15,609 | 43,110 |
Cash and Cash Equivalents at Beginning of Period | 315,028 | 169,704 |
Cash and Cash Equivalents at End of Period | $330,637 | $212,814 |
Basis_of_Presentation
Basis of Presentation | 9 Months Ended |
Sep. 30, 2013 | |
Accounting Policies [Abstract] | ' |
Basis of Presentation | ' |
Basis of Presentation | |
The consolidated financial statements of Wintrust Financial Corporation and Subsidiaries (“Wintrust” or “the Company”) presented herein are unaudited, but in the opinion of management reflect all necessary adjustments of a normal or recurring nature for a fair presentation of results as of the dates and for the periods covered by the consolidated financial statements. | |
The accompanying consolidated financial statements are unaudited and do not include information or footnotes necessary for a complete presentation of financial condition, results of operations or cash flows in accordance with U.S. generally accepted accounting principles ("GAAP"). The consolidated financial statements should be read in conjunction with the consolidated financial statements and notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2012 (“2012 Form 10-K”). Operating results reported for the three-month and nine-month periods are not necessarily indicative of the results which may be expected for the entire year. Reclassifications of certain prior period amounts have been made to conform to the current period presentation. | |
The preparation of the financial statements requires management to make estimates, assumptions and judgments that affect the reported amounts of assets and liabilities. Management believes that the estimates made are reasonable, however, changes in estimates may be required if economic or other conditions develop differently from management’s expectations. Certain policies and accounting principles inherently have a greater reliance on the use of estimates, assumptions and judgments and as such have a greater possibility of producing results that could be materially different than originally reported. Management views critical accounting policies to be those which are highly dependent on subjective or complex judgments, estimates and assumptions, and where changes in those estimates and assumptions could have a significant impact on the financial statements. Management currently views the determination of the allowance for loan losses, allowance for covered loan losses and the allowance for losses on lending-related commitments, loans acquired with evidence of credit quality deterioration since origination, estimations of fair value, the valuations required for impairment testing of goodwill, the valuation and accounting for derivative instruments and income taxes as the accounting areas that require the most subjective and complex judgments, and as such could be the most subject to revision as new information becomes available. Descriptions of our significant accounting policies are included in Note 1 - “Summary of Significant Accounting Policies” of the Company’s 2012 Form 10-K. |
Recent_Accounting_Developments
Recent Accounting Developments | 9 Months Ended |
Sep. 30, 2013 | |
New Accounting Pronouncements and Changes in Accounting Principles [Abstract] | ' |
New Accounting Pronouncements and Changes in Accounting Principles | ' |
Recent Accounting Developments | |
Accumulated Other Comprehensive Income Reporting by Component | |
In February 2013, the FASB issued ASU No. 2013-02, "Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income” which adds disclosures to make reporting of accumulated other comprehensive income more informative. Specifically, the new guidance requires a Company to identify amounts reclassified out of other comprehensive income by component. The guidance is effective for fiscal years beginning after December 15, 2012. The Company has included the required disclosures by disclosing the reclassification amounts related to its securities, derivatives and foreign currency translation components. Other than requiring additional disclosures, adoption of this guidance did not have a material impact on our consolidated financial statements. See Note 17 - Shareholders' Equity and Earnings Per Share, for further information. | |
Balance Sheet Offsetting | |
In January 2013, the FASB issued ASU No. 2013-01, "Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities” to address the disclosure requirements within ASU No. 2011-11, "Disclosures about Offsetting Assets and Liabilities". ASU 2011-11 requires disclosure showing the Company's gross and net positions for derivatives and financial transactions that are either offset in accordance with GAAP or are subject to a master netting or similar agreement. The guidance is effective for fiscal years beginning on or after January 1, 2013. The Company has included required disclosures for the current and comparative periods as required by the new guidance. Other than requiring additional disclosures, adoption of this guidance did not have a material impact on our consolidated financial statements. See Note 14 - Derivative Financial Instruments, for further information. |
Business_Combinations
Business Combinations | 9 Months Ended | |||||||||||||||
Sep. 30, 2013 | ||||||||||||||||
Business Combinations [Abstract] | ' | |||||||||||||||
Business Combinations | ' | |||||||||||||||
Business Combinations | ||||||||||||||||
FDIC-Assisted Transactions | ||||||||||||||||
In 2010 and 2011, the Company acquired the banking operations, including the acquisition of certain assets and the assumption of liabilities, of six financial institutions in FDIC-assisted transactions. | ||||||||||||||||
Since January 1, 2012, the Company has acquired the banking operations, including the acquisition of certain assets and the assumption of liabilities, of three financial institutions in FDIC-assisted transactions. The following table presents details related to these three transactions: | ||||||||||||||||
(Dollars in thousands) | Charter | Second Federal | First United Bank | |||||||||||||
National | ||||||||||||||||
Date of acquisition | February 10, | July 20, | September 28, | |||||||||||||
2012 | 2012 | 2012 | ||||||||||||||
Fair value of assets acquired, at the acquisition date | $ | 92,355 | $ | 171,625 | $ | 328,408 | ||||||||||
Fair value of loans acquired, at the acquisition date | 45,555 | — | 77,964 | |||||||||||||
Fair value of liabilities assumed, at the acquisition date | 91,570 | 171,582 | 321,734 | |||||||||||||
Fair value of reimbursable losses, at the acquisition date(1) | 13,164 | — | 67,190 | |||||||||||||
Gain on bargain purchase recognized | 785 | 43 | 6,675 | |||||||||||||
(1) As no assets subject to loss sharing agreements were acquired in the acquisition of Second Federal, there was no fair value of reimbursable losses. | ||||||||||||||||
Loans comprise the majority of the assets acquired in nearly all of these FDIC-assisted transactions since 2010, most of which are subject to loss sharing agreements with the FDIC whereby the FDIC has agreed to reimburse the Company for 80% of losses incurred on the purchased loans, other real estate owned (“OREO”), and certain other assets. Additionally, the loss share agreements with the FDIC require the Company to reimburse the FDIC in the event that actual losses on covered assets are lower than the original loss estimates agreed upon with the FDIC with respect of such assets in the loss share agreements. The Company refers to the loans subject to these loss-sharing agreements as “covered loans” and uses the term “covered assets” to refer to covered loans, covered OREO and certain other covered assets. The agreements with the FDIC require that the Company follow certain servicing procedures or risk losing the FDIC reimbursement of covered asset losses. | ||||||||||||||||
On their respective acquisition dates in 2012, the Company announced that its wholly-owned subsidiary banks, Old Plank Trail Community Bank, N.A. ("Old Plank Trail Bank"), Hinsdale Bank and Trust Company ("Hinsdale Bank") and Barrington Bank and Trust Company, N.A. ("Barrington Bank"), acquired certain assets and liabilities and the banking operations of First United Bank of Crete, Illinois ("First United Bank"), Second Federal Savings and Loan Association of Chicago ("Second Federal") and Charter National Bank and Trust (“Charter National”), respectively, in FDIC-assisted transactions. The loans covered by the loss sharing agreements are classified and presented as covered loans and the estimated reimbursable losses are recorded as an FDIC indemnification asset in the Consolidated Statements of Condition. The Company recorded the acquired assets and liabilities at their estimated fair values at the acquisition date. The fair value for loans reflected expected credit losses at the acquisition date. Therefore, the Company will only recognize a provision for credit losses and charge-offs on the acquired loans for any further credit deterioration subsequent to the acquisition date. See Note 7 — Allowance for Loan Losses, Allowance for Losses on Lending-Related Commitments and Impaired Loans for further discussion of the allowance on covered loans. | ||||||||||||||||
The loss share agreements with the FDIC cover realized losses on loans, foreclosed real estate and certain other assets. These loss share assets are measured separately from the loan portfolios because they are not contractually embedded in the loans and are not transferable with the loans should the Company choose to dispose of them. Fair values at the acquisition dates were estimated based on projected cash flows available for loss-share based on the credit adjustments estimated for each loan pool and the loss share percentages. The loss share assets are also separately measured from the related loans and foreclosed real estate and recorded as FDIC indemnification assets on the Consolidated Statements of Condition. Subsequent to the acquisition date, reimbursements received from the FDIC for actual incurred losses will reduce the FDIC indemnification assets. Reductions to expected losses, to the extent such reductions to expected losses are the result of an improvement to the actual or expected cash flows from the covered assets, will also reduce the FDIC indemnification assets. Although these assets are contractual receivables from the FDIC, there are no contractual interest rates. Additions to expected losses will require an increase to the allowance for loan losses and a corresponding increase to the FDIC indemnification assets. The corresponding accretion is recorded as a component of non-interest income on the Consolidated Statements of Income. | ||||||||||||||||
The following table summarizes the activity in the Company’s FDIC indemnification asset during the periods indicated: | ||||||||||||||||
Three Months Ended | Nine Months Ended | |||||||||||||||
(Dollars in thousands) | 30-Sep-13 | 30-Sep-12 | 30-Sep-13 | 30-Sep-12 | ||||||||||||
Balance at beginning of period | $ | 137,681 | $ | 222,568 | $ | 208,160 | $ | 344,251 | ||||||||
Additions from acquisitions | — | 65,100 | — | 78,264 | ||||||||||||
Additions from reimbursable expenses | 3,062 | 5,669 | 10,922 | 18,646 | ||||||||||||
Amortization | (1,763 | ) | (1,139 | ) | (5,884 | ) | (3,919 | ) | ||||||||
Changes in expected reimbursements from the FDIC for changes in expected credit losses | (12,742 | ) | (16,579 | ) | (65,477 | ) | (46,343 | ) | ||||||||
Payments received from the FDIC | (25,925 | ) | (37,314 | ) | (47,408 | ) | (152,594 | ) | ||||||||
Balance at end of period | $ | 100,313 | $ | 238,305 | $ | 100,313 | $ | 238,305 | ||||||||
Divestiture of Previous FDIC-Assisted Acquisition | ||||||||||||||||
On February 1, 2013, the Company completed the divestiture of the deposits and current banking operations of Second Federal to an unaffiliated financial institution. Through this transaction, the Company divested approximately $149 million of related deposits. | ||||||||||||||||
Other Recent Bank Acquisitions | ||||||||||||||||
On May 1, 2013, the Company completed its acquisition of First Lansing Bancorp, Inc. ("FLB"). FLB was the parent company of First National Bank of Illinois ("FNBI"), which operated seven banking locations in the south and southwest suburbs of Chicago, as well as one location in northwest Indiana. As part of this transaction, FNBI was merged into Old Plank Trail Bank. The Company acquired assets with a fair value of approximately $373.4 million, including approximately $123.0 million of loans, and assumed liabilities with a fair value of approximately $334.7 million, including approximately $331.4 million of deposits. Additionally, the Company recorded goodwill of $14.0 million on the acquisition. | ||||||||||||||||
On December 12, 2012, the Company acquired HPK Financial Corporation ("HPK"). HPK was the parent company of Hyde Park Bank & Trust Company ("Hyde Park Bank"), which operated two banking locations in the Hyde Park neighborhood of Chicago, Illinois. As part of this transaction, Hyde Park Bank was merged into the Company's wholly-owned subsidiary bank, Beverly Bank & Trust Company, N.A. ("Beverly Bank"). The Company acquired assets with a fair value of approximately $371.6 million, including approximately $118.5 million of loans, and assumed liabilities with a fair value of approximately $344.1 million, including approximately $243.8 million of deposits. Additionally, the Company recorded goodwill of $12.6 million on the acquisition. | ||||||||||||||||
On April 13, 2012, the Company acquired a branch of Suburban Bank & Trust Company (“Suburban”) located in Orland Park, Illinois. Through this transaction, the Company acquired approximately $52 million of deposits and $3 million of loans. The Company recorded goodwill of $1.5 million on the branch acquisition. | ||||||||||||||||
See Note 18—Subsequent Events for discussion regarding the Company's announcements in October 2013 of the acquisition of certain assets and assumption of certain liabilities of Surety Financial Services ("Surety") and the completion of its previously announced acquisition of Diamond Bancorp, Inc. ("Diamond"). | ||||||||||||||||
Specialty Finance Acquisition | ||||||||||||||||
On June 8, 2012, the Company completed its acquisition of Macquarie Premium Funding Inc., the Canadian insurance premium funding business of Macquarie Group. Through this transaction, the Company acquired approximately $213 million of gross premium finance receivables. The Company recorded goodwill of approximately $21.9 million at the time of the acquisition. | ||||||||||||||||
Wealth Management Acquisitions | ||||||||||||||||
On March 30, 2012, the Company’s wholly-owned subsidiary, The Chicago Trust Company, N.A. (“CTC”), acquired the trust operations of Suburban. Through this transaction, CTC acquired trust accounts having assets under administration of approximately $160 million, in addition to land trust accounts. The Company recorded goodwill of $1.8 million on the trust operations acquisition. | ||||||||||||||||
Purchased loans with evidence of credit quality deterioration since origination | ||||||||||||||||
Purchased loans acquired in a business combination are recorded at estimated fair value on their purchase date. Expected future cash flows at the purchase date in excess of the fair value of loans are recorded as interest income over the life of the loans if the timing and amount of the future cash flows is reasonably estimable (“accretable yield”). The difference between contractually required payments and the cash flows expected to be collected at acquisition is referred to as the non-accretable difference and represents probable losses in the portfolio. | ||||||||||||||||
In determining the acquisition date fair value of purchased impaired loans, and in subsequent accounting, the Company aggregates these purchased loans into pools of loans by common risk characteristics, such as credit risk rating and loan type. Subsequent to the purchase date, increases in cash flows over those expected at the purchase date are recognized as interest income prospectively. Subsequent decreases to the expected cash flows will generally result in a provision for loan losses. | ||||||||||||||||
The Company purchased a portfolio of life insurance premium finance receivables in 2009. These purchased life insurance premium finance receivables are valued on an individual basis with the accretable component being recognized into interest income using the effective yield method over the estimated remaining life of the loans. The non-accretable portion is evaluated each quarter and if the loans’ credit related conditions improve, a portion is transferred to the accretable component and accreted over future periods. In the event a specific loan prepays in whole, any remaining accretable and non-accretable discount is recognized in income immediately. If credit related conditions deteriorate, an allowance related to these loans will be established as part of the provision for credit losses. | ||||||||||||||||
See Note 6—Loans, for more information on loans acquired with evidence of credit quality deterioration since origination. |
Cash_and_Cash_Equivalents
Cash and Cash Equivalents | 9 Months Ended |
Sep. 30, 2013 | |
Cash and Cash Equivalents [Abstract] | ' |
Cash and Cash Equivalents | ' |
Cash and Cash Equivalents | |
For purposes of the Consolidated Statements of Cash Flows, the Company considers cash and cash equivalents to include cash on hand, cash items in the process of collection, non-interest bearing amounts due from correspondent banks, federal funds sold and securities purchased under resale agreements with original maturities of three months or less. |
AvailableForSale_Securities
Available-For-Sale Securities | 9 Months Ended | |||||||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||||||
Available-for-sale Securities [Abstract] | ' | |||||||||||||||||||||||
Investments in Debt and Marketable Equity Securities | ' | |||||||||||||||||||||||
Available-For-Sale Securities | ||||||||||||||||||||||||
The following tables are a summary of the available-for-sale securities portfolio as of the dates shown: | ||||||||||||||||||||||||
30-Sep-13 | ||||||||||||||||||||||||
(Dollars in thousands) | Amortized | Gross | Gross | Fair | ||||||||||||||||||||
Cost | Unrealized | Unrealized | Value | |||||||||||||||||||||
Gains | Losses | |||||||||||||||||||||||
U.S. Treasury | $ | 225,190 | $ | 150 | $ | (14,438 | ) | $ | 210,902 | |||||||||||||||
U.S. Government agencies | 954,050 | 2,213 | (43,574 | ) | 912,689 | |||||||||||||||||||
Municipal | 152,010 | 1,983 | (3,346 | ) | 150,647 | |||||||||||||||||||
Corporate notes and other: | ||||||||||||||||||||||||
Financial issuers | 132,320 | 2,252 | (2,513 | ) | 132,059 | |||||||||||||||||||
Other | 7,011 | 126 | (15 | ) | 7,122 | |||||||||||||||||||
Mortgage-backed: (1) | ||||||||||||||||||||||||
Mortgage-backed securities | 268,166 | 4,157 | (12,861 | ) | 259,462 | |||||||||||||||||||
Collateralized mortgage obligations | 60,001 | 458 | (728 | ) | 59,731 | |||||||||||||||||||
Other equity securities | 53,837 | 1,097 | (5,663 | ) | 49,271 | |||||||||||||||||||
Total available-for-sale securities | $ | 1,852,585 | $ | 12,436 | $ | (83,138 | ) | $ | 1,781,883 | |||||||||||||||
31-Dec-12 | ||||||||||||||||||||||||
Amortized | Gross | Gross | Fair | |||||||||||||||||||||
Cost | Unrealized | Unrealized | Value | |||||||||||||||||||||
(Dollars in thousands) | Gains | Losses | ||||||||||||||||||||||
U.S. Treasury | $ | 220,226 | $ | 198 | $ | (937 | ) | $ | 219,487 | |||||||||||||||
U.S. Government agencies | 986,186 | 4,839 | (986 | ) | 990,039 | |||||||||||||||||||
Municipal | 107,868 | 2,899 | (296 | ) | 110,471 | |||||||||||||||||||
Corporate notes and other: | ||||||||||||||||||||||||
Financial issuers | 142,205 | 2,452 | (3,982 | ) | 140,675 | |||||||||||||||||||
Other | 13,911 | 220 | — | 14,131 | ||||||||||||||||||||
Mortgage-backed: (1) | ||||||||||||||||||||||||
Mortgage-backed securities | 188,485 | 8,805 | (30 | ) | 197,260 | |||||||||||||||||||
Collateralized mortgage obligations | 73,386 | 928 | — | 74,314 | ||||||||||||||||||||
Other equity securities | 52,846 | 215 | (3,362 | ) | 49,699 | |||||||||||||||||||
Total available-for-sale securities | $ | 1,785,113 | $ | 20,556 | $ | (9,593 | ) | $ | 1,796,076 | |||||||||||||||
30-Sep-12 | ||||||||||||||||||||||||
Amortized | Gross | Gross | Fair | |||||||||||||||||||||
Cost | Unrealized | Unrealized | Value | |||||||||||||||||||||
(Dollars in thousands) | Gains | Losses | ||||||||||||||||||||||
U.S. Treasury | $ | 25,045 | $ | 211 | $ | — | $ | 25,256 | ||||||||||||||||
U.S. Government agencies | 626,725 | 3,833 | (2,374 | ) | 628,184 | |||||||||||||||||||
Municipal | 96,696 | 2,711 | (23 | ) | 99,384 | |||||||||||||||||||
Corporate notes and other: | ||||||||||||||||||||||||
Financial issuers | 142,158 | 2,550 | (5,170 | ) | 139,538 | |||||||||||||||||||
Other | 17,200 | 251 | — | 17,451 | ||||||||||||||||||||
Mortgage-backed: (1) | ||||||||||||||||||||||||
Mortgage-backed securities | 225,393 | 13,733 | — | 239,126 | ||||||||||||||||||||
Collateralized mortgage obligations | 66,422 | 690 | — | 67,112 | ||||||||||||||||||||
Other equity securities | 43,737 | 216 | (3,236 | ) | 40,717 | |||||||||||||||||||
Total available-for-sale securities | $ | 1,243,376 | $ | 24,195 | $ | (10,803 | ) | $ | 1,256,768 | |||||||||||||||
-1 | Consisting entirely of residential mortgage-backed securities, none of which are subprime. | |||||||||||||||||||||||
The following table presents the portion of the Company’s available-for-sale securities portfolio which has gross unrealized losses, reflecting the length of time that individual securities have been in a continuous unrealized loss position at September 30, 2013: | ||||||||||||||||||||||||
Continuous unrealized | Continuous unrealized | Total | ||||||||||||||||||||||
losses existing for | losses existing for | |||||||||||||||||||||||
less than 12 months | greater than 12 months | |||||||||||||||||||||||
(Dollars in thousands) | Fair Value | Unrealized Losses | Fair Value | Unrealized Losses | Fair Value | Unrealized Losses | ||||||||||||||||||
U.S. Treasury | $ | 185,734 | $ | (14,438 | ) | $ | — | $ | — | $ | 185,734 | $ | (14,438 | ) | ||||||||||
U.S. Government agencies | 413,113 | (37,142 | ) | 60,240 | (6,432 | ) | 473,353 | (43,574 | ) | |||||||||||||||
Municipal | 78,209 | (3,342 | ) | 696 | (4 | ) | 78,905 | (3,346 | ) | |||||||||||||||
Corporate notes and other: | ||||||||||||||||||||||||
Financial issuers | 16,530 | (232 | ) | 63,661 | (2,281 | ) | 80,191 | (2,513 | ) | |||||||||||||||
Other | 985 | (15 | ) | — | — | 985 | (15 | ) | ||||||||||||||||
Mortgage-backed: | ||||||||||||||||||||||||
Mortgage-backed securities | 175,261 | (12,861 | ) | — | — | 175,261 | (12,861 | ) | ||||||||||||||||
Collateralized mortgage obligations | 33,511 | (728 | ) | — | — | 33,511 | (728 | ) | ||||||||||||||||
Other equity securities | 14,507 | (614 | ) | 20,350 | (5,049 | ) | 34,857 | (5,663 | ) | |||||||||||||||
Total | $ | 917,850 | $ | (69,372 | ) | $ | 144,947 | $ | (13,766 | ) | $ | 1,062,797 | $ | (83,138 | ) | |||||||||
The Company conducts a regular assessment of its investment securities to determine whether securities are other-than-temporarily impaired considering, among other factors, the nature of the securities, credit ratings or financial condition of the issuer, the extent and duration of the unrealized loss, expected cash flows, market conditions and the Company’s ability to hold the securities through the anticipated recovery period. | ||||||||||||||||||||||||
The Company does not consider securities with unrealized losses at September 30, 2013 to be other-than-temporarily impaired. The Company does not intend to sell these investments and it is more likely than not that the Company will not be required to sell these investments before recovery of the amortized cost bases, which may be the maturity dates of the securities. The unrealized losses within each category have occurred as a result of changes in interest rates, market spreads and market conditions subsequent to purchase. Securities with continuous unrealized losses existing for more than twelve months were primarily corporate securities of financial issuers, agency bonds and auction rate securities included in other equity securities. The corporate securities of financial issuers in this category were comprised primarily of investment grade securities including six fixed-to-floating rate bonds and three trust-preferred securities. Additionally, a review of the issuers indicated that they all have strong capital ratios. | ||||||||||||||||||||||||
The following table provides information as to the amount of gross gains and gross losses realized and proceeds received through the sales of available-for-sale investment securities: | ||||||||||||||||||||||||
Three months ended September 30, | Nine months ended September 30, | |||||||||||||||||||||||
(Dollars in thousands) | 2013 | 2012 | 2013 | 2012 | ||||||||||||||||||||
Realized gains | $ | 118 | $ | 413 | $ | 434 | $ | 2,350 | ||||||||||||||||
Realized losses | (43 | ) | (4 | ) | (106 | ) | (16 | ) | ||||||||||||||||
Net realized gains | $ | 75 | $ | 409 | $ | 328 | $ | 2,334 | ||||||||||||||||
Other than temporary impairment charges | — | — | — | — | ||||||||||||||||||||
Gains on available-for-sale securities, net | $ | 75 | $ | 409 | $ | 328 | $ | 2,334 | ||||||||||||||||
Proceeds from sales of available-for-sale securities | $ | 45,078 | $ | 694,608 | $ | 129,537 | $ | 2,059,154 | ||||||||||||||||
The amortized cost and fair value of securities as of September 30, 2013, December 31, 2012 and September 30, 2012, by contractual maturity, are shown in the following table. Contractual maturities may differ from actual maturities as borrowers may have the right to call or repay obligations with or without call or prepayment penalties. Mortgage-backed securities are not included in the maturity categories in the following maturity summary as actual maturities may differ from contractual maturities because the underlying mortgages may be called or prepaid without penalties: | ||||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | 30-Sep-12 | ||||||||||||||||||||||
(Dollars in thousands) | Amortized Cost | Fair Value | Amortized Cost | Fair Value | Amortized Cost | Fair Value | ||||||||||||||||||
Due in one year or less | $ | 285,746 | $ | 286,066 | $ | 188,594 | $ | 189,015 | $ | 83,658 | $ | 83,863 | ||||||||||||
Due in one to five years | 316,076 | 316,474 | 419,588 | 419,654 | 471,863 | 471,747 | ||||||||||||||||||
Due in five to ten years | 344,742 | 328,895 | 361,037 | 362,135 | 135,580 | 137,116 | ||||||||||||||||||
Due after ten years | 524,017 | 481,984 | 501,177 | 503,999 | 216,723 | 217,087 | ||||||||||||||||||
Mortgage-backed | 328,167 | 319,193 | 261,871 | 271,574 | 291,815 | 306,238 | ||||||||||||||||||
Other equity securities | 53,837 | 49,271 | 52,846 | 49,699 | 43,737 | 40,717 | ||||||||||||||||||
Total available-for-sale securities | $ | 1,852,585 | $ | 1,781,883 | $ | 1,785,113 | $ | 1,796,076 | $ | 1,243,376 | $ | 1,256,768 | ||||||||||||
Securities having a carrying value of $1.2 billion at September 30, 2013 and $1.1 billion at both December 31, 2012 and September 30, 2012, were pledged as collateral for public deposits, trust deposits, FHLB advances, securities sold under repurchase agreements and derivatives. At September 30, 2013, there were no securities of a single issuer, other than U.S. Government-sponsored agency securities, which exceeded 10% of shareholders’ equity. |
Loans
Loans | 9 Months Ended | |||||||||||||||
Sep. 30, 2013 | ||||||||||||||||
Loans and Leases Receivable Disclosure [Abstract] | ' | |||||||||||||||
Loans | ' | |||||||||||||||
Loans | ||||||||||||||||
The following table shows the Company’s loan portfolio by category as of the dates shown: | ||||||||||||||||
September 30, | December 31, | September 30, | ||||||||||||||
(Dollars in thousands) | 2013 | 2012 | 2012 | |||||||||||||
Balance: | ||||||||||||||||
Commercial | $ | 3,109,121 | $ | 2,914,798 | $ | 2,771,053 | ||||||||||
Commercial real-estate | 4,146,110 | 3,864,118 | 3,699,712 | |||||||||||||
Home equity | 736,620 | 788,474 | 807,592 | |||||||||||||
Residential real-estate | 397,707 | 367,213 | 376,678 | |||||||||||||
Premium finance receivables—commercial | 2,150,481 | 1,987,856 | 1,982,945 | |||||||||||||
Premium finance receivables—life insurance | 1,869,739 | 1,725,166 | 1,665,620 | |||||||||||||
Indirect consumer | 57,236 | 77,333 | 77,378 | |||||||||||||
Consumer and other | 114,025 | 103,985 | 108,922 | |||||||||||||
Total loans, net of unearned income, excluding covered loans | $ | 12,581,039 | $ | 11,828,943 | $ | 11,489,900 | ||||||||||
Covered loans | 415,988 | 560,087 | 657,525 | |||||||||||||
Total loans | $ | 12,997,027 | $ | 12,389,030 | $ | 12,147,425 | ||||||||||
Mix: | ||||||||||||||||
Commercial | 24 | % | 24 | % | 23 | % | ||||||||||
Commercial real-estate | 32 | 31 | 30 | |||||||||||||
Home equity | 6 | 6 | 7 | |||||||||||||
Residential real-estate | 3 | 3 | 3 | |||||||||||||
Premium finance receivables—commercial | 16 | 16 | 16 | |||||||||||||
Premium finance receivables—life insurance | 14 | 14 | 14 | |||||||||||||
Indirect consumer | 1 | 1 | 1 | |||||||||||||
Consumer and other | 1 | 1 | 1 | |||||||||||||
Total loans, net of unearned income, excluding covered loans | 97 | % | 96 | % | 95 | % | ||||||||||
Covered loans | 3 | 4 | 5 | |||||||||||||
Total loans | 100 | % | 100 | % | 100 | % | ||||||||||
Certain premium finance receivables are recorded net of unearned income. The unearned income portions of such premium finance receivables were $40.6 million at September 30, 2013, $41.1 million at December 31, 2012 and $39.5 million at September 30, 2012, respectively. Certain life insurance premium finance receivables attributable to the life insurance premium finance loan acquisition in 2009 as well as the covered loans acquired in the FDIC-assisted acquisitions are recorded net of credit discounts. See “Acquired Loan Information at Acquisition” below. | ||||||||||||||||
Total loans, excluding loans acquired with evidence of credit quality deterioration since origination, include net deferred loan fees and costs and fair value purchase accounting adjustments totaling $(1.5) million at September 30, 2013, $13.2 million at December 31, 2012 and $14.3 million at September 30, 2012. The net credit balance at September 30, 2013 is primarily the result of purchase accounting adjustments related to the acquisition of FNBI during the second quarter of 2013. | ||||||||||||||||
The Company’s loan portfolio is generally comprised of loans to consumers and small to medium-sized businesses located within the geographic market areas that the banks serve. The premium finance receivables portfolios are made to customers throughout the United States and Canada and the majority of the indirect consumer loans were generated through a network of local automobile dealers. The Company strives to maintain a loan portfolio that is diverse in terms of loan type, industry, borrower and geographic concentrations. Such diversification reduces the exposure to economic downturns that may occur in different segments of the economy or in different industries. | ||||||||||||||||
It is the policy of the Company to review each prospective credit in order to determine the appropriateness and, when required, the adequacy of security or collateral necessary to obtain when making a loan. The type of collateral, when required, will vary from liquid assets to real estate. The Company seeks to ensure access to collateral, in the event of default, through adherence to state lending laws and the Company’s credit monitoring procedures. | ||||||||||||||||
Acquired Loan Information at Acquisition—Loans with evidence of credit quality deterioration since origination | ||||||||||||||||
As part of our previous acquisitions, we acquired loans for which there was evidence of credit quality deterioration since origination and we determined that it was probable that the Company would be unable to collect all contractually required principal and interest payments. | ||||||||||||||||
The following table presents the unpaid principal balance and carrying value for these acquired loans: | ||||||||||||||||
30-Sep-13 | 31-Dec-12 | |||||||||||||||
Unpaid | Carrying | Unpaid | Carrying | |||||||||||||
Principal | Principal | |||||||||||||||
(Dollars in thousands) | Balance | Value | Balance | Value | ||||||||||||
Bank acquisitions | $ | 496,355 | $ | 380,733 | $ | 674,868 | $ | 503,837 | ||||||||
Life insurance premium finance loans acquisition | 475,711 | 459,883 | 536,503 | 514,459 | ||||||||||||
For loans acquired with evidence of credit quality deterioration since origination as a result of acquisitions during the nine months ended September 30, 2013, the following table provides estimated details on these loans at the date of acquisition: | ||||||||||||||||
(Dollars in thousands) | FNBI | |||||||||||||||
Contractually required payments including interest | $ | 32,022 | ||||||||||||||
Less: Nonaccretable difference | 8,890 | |||||||||||||||
Cash flows expected to be collected (1) | 23,132 | |||||||||||||||
Less: Accretable yield | 2,055 | |||||||||||||||
Fair value of loans acquired with evidence of credit quality deterioration since origination | $ | 21,077 | ||||||||||||||
-1 | Represents undiscounted expected principal and interest cash flows at acquisition. | |||||||||||||||
See Note 7—Allowance for Loan Losses, Allowance for Losses on Lending-Related Commitments and Impaired Loans for further discussion regarding the allowance for loan losses associated with loans acquired with evidence of credit quality deterioration since origination at September 30, 2013. | ||||||||||||||||
Accretable Yield Activity | ||||||||||||||||
Changes in expected cash flows may vary from period to period as the Company periodically updates its cash flow model assumptions for loans acquired with evidence of credit quality deterioration since origination. The factors that most significantly affect the estimates of gross cash flows expected to be collected, and accordingly the accretable yield, include changes in the benchmark interest rate indices for variable-rate products and changes in prepayment assumptions and loss estimates. The following table provides activity for the accretable yield of loans acquired with evidence of credit quality deterioration since origination: | ||||||||||||||||
Three Months Ended | Three Months Ended | |||||||||||||||
30-Sep-13 | 30-Sep-12 | |||||||||||||||
(Dollars in thousands) | Bank Acquisitions | Life Insurance | Bank | Life Insurance | ||||||||||||
Premium Finance Loans | Acquisitions | Premium | ||||||||||||||
Finance Loans | ||||||||||||||||
Accretable yield, beginning balance | $ | 130,856 | $ | 10,287 | $ | 171,801 | $ | 14,626 | ||||||||
Acquisitions | — | — | 6,052 | — | ||||||||||||
Accretable yield amortized to interest income | (9,056 | ) | (1,943 | ) | (12,266 | ) | (2,309 | ) | ||||||||
Accretable yield amortized to indemnification asset (1) | (8,279 | ) | — | (16,472 | ) | — | ||||||||||
Reclassification from non-accretable difference (2) | 8,703 | 234 | 4,636 | 2,951 | ||||||||||||
(Decreases) increases in interest cash flows due to payments and changes in interest rates | (5,194 | ) | 235 | (1,951 | ) | 158 | ||||||||||
Accretable yield, ending balance (3) | $ | 117,030 | $ | 8,813 | $ | 151,800 | $ | 15,426 | ||||||||
Nine Months Ended | Nine Months Ended | |||||||||||||||
30-Sep-13 | 30-Sep-12 | |||||||||||||||
(Dollars in thousands) | Bank Acquisitions | Life Insurance | Bank | Life Insurance | ||||||||||||
Premium Finance Loans | Acquisitions | Premium | ||||||||||||||
Finance Loans | ||||||||||||||||
Accretable yield, beginning balance | $ | 143,224 | $ | 13,055 | $ | 173,120 | $ | 18,861 | ||||||||
Acquisitions | 1,977 | — | 8,340 | — | ||||||||||||
Accretable yield amortized to interest income | (27,980 | ) | (6,216 | ) | (40,545 | ) | (8,795 | ) | ||||||||
Accretable yield amortized to indemnification asset (1) | (28,891 | ) | — | (55,912 | ) | — | ||||||||||
Reclassification from non-accretable difference (2) | 44,907 | 1,241 | 53,827 | 4,096 | ||||||||||||
(Decreases) increases in interest cash flows due to payments and changes in interest rates | (16,207 | ) | 733 | 12,970 | 1,264 | |||||||||||
Accretable yield, ending balance (3) | $ | 117,030 | $ | 8,813 | $ | 151,800 | $ | 15,426 | ||||||||
-1 | Represents the portion of the current period accreted yield, resulting from lower expected losses, applied to reduce the loss share indemnification asset. | |||||||||||||||
-2 | Reclassification is the result of subsequent increases in expected principal cash flows. | |||||||||||||||
-3 | As of September 30, 2013, the Company estimates that the remaining accretable yield balance to be amortized to the indemnification asset for the bank acquisitions is $40.5 million. The remainder of the accretable yield related to bank acquisitions is expected to be amortized to interest income. |
Allowance_for_Loan_Losses_Allo
Allowance for Loan Losses, Allowance for Losses on Lending-Related Commitments and Impaired Loans | 9 Months Ended | |||||||||||||||||||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||||||||||||||||||
Loans and Leases Receivable, Allowance [Abstract] | ' | |||||||||||||||||||||||||||||||||||
Allowance for Loan Losses, Allowance for Losses on Lending-Related Commitments and Impaired Loans | ' | |||||||||||||||||||||||||||||||||||
Allowance for Loan Losses, Allowance for Losses on Lending-Related Commitments and Impaired Loans | ||||||||||||||||||||||||||||||||||||
The tables below show the aging of the Company’s loan portfolio at September 30, 2013, December 31, 2012 and September 30, 2012: | ||||||||||||||||||||||||||||||||||||
As of September 30, 2013 | 90+ days and still accruing | 60-89 days past due | 30-59 days past due | |||||||||||||||||||||||||||||||||
(Dollars in thousands) | Nonaccrual | Current | Total Loans | |||||||||||||||||||||||||||||||||
Loan Balances: | ||||||||||||||||||||||||||||||||||||
Commercial | ||||||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 15,283 | $ | 190 | $ | 3,585 | $ | 15,261 | $ | 1,688,232 | $ | 1,722,551 | ||||||||||||||||||||||||
Franchise | — | — | 113 | — | 213,215 | 213,328 | ||||||||||||||||||||||||||||||
Mortgage warehouse lines of credit | — | — | — | — | 71,383 | 71,383 | ||||||||||||||||||||||||||||||
Community Advantage—homeowners association | — | — | — | — | 90,504 | 90,504 | ||||||||||||||||||||||||||||||
Aircraft | — | — | — | — | 12,601 | 12,601 | ||||||||||||||||||||||||||||||
Asset-based lending | 2,364 | — | 693 | 3,926 | 732,585 | 739,568 | ||||||||||||||||||||||||||||||
Tax exempt | — | — | — | — | 148,103 | 148,103 | ||||||||||||||||||||||||||||||
Leases | — | — | — | — | 101,654 | 101,654 | ||||||||||||||||||||||||||||||
Other | — | — | — | — | 90 | 90 | ||||||||||||||||||||||||||||||
Purchased non-covered commercial (1) | — | 265 | — | 1,642 | 7,432 | 9,339 | ||||||||||||||||||||||||||||||
Total commercial | 17,647 | 455 | 4,391 | 20,829 | 3,065,799 | 3,109,121 | ||||||||||||||||||||||||||||||
Commercial real-estate: | ||||||||||||||||||||||||||||||||||||
Residential construction | 2,049 | 3,120 | 1,595 | 261 | 33,305 | 40,330 | ||||||||||||||||||||||||||||||
Commercial construction | 7,854 | — | — | — | 138,234 | 146,088 | ||||||||||||||||||||||||||||||
Land | 4,216 | — | — | 4,082 | 100,953 | 109,251 | ||||||||||||||||||||||||||||||
Office | 4,318 | — | 3,965 | 1,270 | 624,967 | 634,520 | ||||||||||||||||||||||||||||||
Industrial | 8,184 | — | — | 2,419 | 614,409 | 625,012 | ||||||||||||||||||||||||||||||
Retail | 11,259 | — | 271 | 7,422 | 593,263 | 612,215 | ||||||||||||||||||||||||||||||
Multi-family | 2,603 | — | — | 4,332 | 543,690 | 550,625 | ||||||||||||||||||||||||||||||
Mixed use and other | 12,240 | 269 | 2,761 | 15,371 | 1,339,029 | 1,369,670 | ||||||||||||||||||||||||||||||
Purchased non-covered commercial real-estate (1) | — | 9,607 | 3,380 | 2,702 | 42,710 | 58,399 | ||||||||||||||||||||||||||||||
Total commercial real-estate | 52,723 | 12,996 | 11,972 | 37,859 | 4,030,560 | 4,146,110 | ||||||||||||||||||||||||||||||
Home equity | 10,926 | — | 2,436 | 5,887 | 717,371 | 736,620 | ||||||||||||||||||||||||||||||
Residential real estate | 14,126 | — | 1,749 | 2,844 | 377,489 | 396,208 | ||||||||||||||||||||||||||||||
Purchased non-covered residential real estate (1) | — | 447 | 289 | 34 | 729 | 1,499 | ||||||||||||||||||||||||||||||
Premium finance receivables | ||||||||||||||||||||||||||||||||||||
Commercial insurance loans | 10,132 | 11,751 | 5,307 | 14,628 | 2,108,663 | 2,150,481 | ||||||||||||||||||||||||||||||
Life insurance loans | 14 | 592 | 6,428 | — | 1,402,822 | 1,409,856 | ||||||||||||||||||||||||||||||
Purchased life insurance loans (1) | — | — | — | — | 459,883 | 459,883 | ||||||||||||||||||||||||||||||
Indirect consumer | 80 | 100 | 97 | 231 | 56,728 | 57,236 | ||||||||||||||||||||||||||||||
Consumer and other | 1,591 | — | 319 | 445 | 111,491 | 113,846 | ||||||||||||||||||||||||||||||
Purchased non-covered consumer and other (1) | — | 28 | — | 19 | 132 | 179 | ||||||||||||||||||||||||||||||
Total loans, net of unearned income, excluding covered loans | $ | 107,239 | $ | 26,369 | $ | 32,988 | $ | 82,776 | $ | 12,331,667 | $ | 12,581,039 | ||||||||||||||||||||||||
Covered loans | 8,602 | 81,430 | 9,813 | 9,216 | 306,927 | 415,988 | ||||||||||||||||||||||||||||||
Total loans, net of unearned income | $ | 115,841 | $ | 107,799 | $ | 42,801 | $ | 91,992 | $ | 12,638,594 | $ | 12,997,027 | ||||||||||||||||||||||||
-1 | Purchased loans represent loans acquired with evidence of credit quality deterioration since origination, in accordance with ASC 310-30. Loan agings are based upon contractually required payments. | |||||||||||||||||||||||||||||||||||
As of December 31, 2012 | 90+ days and still accruing | 60-89 days past due | 30-59 days past due | |||||||||||||||||||||||||||||||||
(Dollars in thousands) | Nonaccrual | Current | Total Loans | |||||||||||||||||||||||||||||||||
Loan Balances: | ||||||||||||||||||||||||||||||||||||
Commercial | ||||||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 19,409 | $ | — | $ | 5,520 | $ | 15,410 | $ | 1,587,864 | $ | 1,628,203 | ||||||||||||||||||||||||
Franchise | 1,792 | — | — | — | 194,603 | 196,395 | ||||||||||||||||||||||||||||||
Mortgage warehouse lines of credit | — | — | — | — | 215,076 | 215,076 | ||||||||||||||||||||||||||||||
Community Advantage—homeowners association | — | — | — | — | 81,496 | 81,496 | ||||||||||||||||||||||||||||||
Aircraft | — | — | 148 | — | 17,216 | 17,364 | ||||||||||||||||||||||||||||||
Asset-based lending | 536 | — | 1,126 | 6,622 | 564,154 | 572,438 | ||||||||||||||||||||||||||||||
Tax exempt | — | — | — | — | 91,824 | 91,824 | ||||||||||||||||||||||||||||||
Leases | — | — | — | 896 | 89,547 | 90,443 | ||||||||||||||||||||||||||||||
Other | — | — | — | — | 16,549 | 16,549 | ||||||||||||||||||||||||||||||
Purchased non-covered commercial (1) | — | 496 | 432 | 7 | 4,075 | 5,010 | ||||||||||||||||||||||||||||||
Total commercial | 21,737 | 496 | 7,226 | 22,935 | 2,862,404 | 2,914,798 | ||||||||||||||||||||||||||||||
Commercial real-estate | ||||||||||||||||||||||||||||||||||||
Residential construction | 3,110 | — | 4 | 41 | 37,246 | 40,401 | ||||||||||||||||||||||||||||||
Commercial construction | 2,159 | — | 885 | 386 | 167,525 | 170,955 | ||||||||||||||||||||||||||||||
Land | 11,299 | — | 632 | 9,014 | 113,252 | 134,197 | ||||||||||||||||||||||||||||||
Office | 4,196 | — | 1,889 | 3,280 | 560,346 | 569,711 | ||||||||||||||||||||||||||||||
Industrial | 2,089 | — | 6,042 | 4,512 | 565,294 | 577,937 | ||||||||||||||||||||||||||||||
Retail | 7,792 | — | 1,372 | 998 | 558,734 | 568,896 | ||||||||||||||||||||||||||||||
Multi-family | 2,586 | — | 3,949 | 1,040 | 389,116 | 396,691 | ||||||||||||||||||||||||||||||
Mixed use and other | 16,742 | — | 6,660 | 13,349 | 1,312,503 | 1,349,254 | ||||||||||||||||||||||||||||||
Purchased non-covered commercial real-estate (1) | — | 749 | 2,663 | 2,508 | 50,156 | 56,076 | ||||||||||||||||||||||||||||||
Total commercial real-estate | 49,973 | 749 | 24,096 | 35,128 | 3,754,172 | 3,864,118 | ||||||||||||||||||||||||||||||
Home equity | 13,423 | 100 | 1,592 | 5,043 | 768,316 | 788,474 | ||||||||||||||||||||||||||||||
Residential real-estate | 11,728 | — | 2,763 | 8,250 | 343,616 | 366,357 | ||||||||||||||||||||||||||||||
Purchased non-covered residential real-estate (1) | — | — | 200 | — | 656 | 856 | ||||||||||||||||||||||||||||||
Premium finance receivables | ||||||||||||||||||||||||||||||||||||
Commercial insurance loans | 9,302 | 10,008 | 6,729 | 19,597 | 1,942,220 | 1,987,856 | ||||||||||||||||||||||||||||||
Life insurance loans | 25 | — | — | 5,531 | 1,205,151 | 1,210,707 | ||||||||||||||||||||||||||||||
Purchased life insurance loans (1) | — | — | — | — | 514,459 | 514,459 | ||||||||||||||||||||||||||||||
Indirect consumer | 55 | 189 | 51 | 442 | 76,596 | 77,333 | ||||||||||||||||||||||||||||||
Consumer and other | 1,511 | 32 | 167 | 433 | 99,010 | 101,153 | ||||||||||||||||||||||||||||||
Purchased non-covered consumer and other (1) | — | 66 | 32 | 101 | 2,633 | 2,832 | ||||||||||||||||||||||||||||||
Total loans, net of unearned income, excluding covered loans | $ | 107,754 | $ | 11,640 | $ | 42,856 | $ | 97,460 | $ | 11,569,233 | $ | 11,828,943 | ||||||||||||||||||||||||
Covered loans | 1,988 | 122,350 | 16,108 | 7,999 | 411,642 | 560,087 | ||||||||||||||||||||||||||||||
Total loans, net of unearned income | $ | 109,742 | $ | 133,990 | $ | 58,964 | $ | 105,459 | $ | 11,980,875 | $ | 12,389,030 | ||||||||||||||||||||||||
-1 | Purchased loans represent loans acquired with evidence of credit quality deterioration since origination, in accordance with ASC 310-30. Loan agings are based upon contractually required payments. | |||||||||||||||||||||||||||||||||||
As of September 30, 2012 | 90+ days and still accruing | 60-89 days past due | 30-59 days past due | |||||||||||||||||||||||||||||||||
(Dollars in thousands) | Nonaccrual | Current | Total Loans | |||||||||||||||||||||||||||||||||
Loan Balances: | ||||||||||||||||||||||||||||||||||||
Commercial | ||||||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 15,163 | $ | — | $ | 5,985 | $ | 16,631 | $ | 1,518,596 | $ | 1,556,375 | ||||||||||||||||||||||||
Franchise | 1,792 | — | — | — | 177,914 | 179,706 | ||||||||||||||||||||||||||||||
Mortgage warehouse lines of credit | — | — | — | — | 225,295 | 225,295 | ||||||||||||||||||||||||||||||
Community Advantage—homeowners association | — | — | — | — | 73,881 | 73,881 | ||||||||||||||||||||||||||||||
Aircraft | 428 | — | — | 150 | 20,866 | 21,444 | ||||||||||||||||||||||||||||||
Asset-based lending | 328 | — | 1,211 | 5,556 | 525,966 | 533,061 | ||||||||||||||||||||||||||||||
Tax exempt | — | — | — | — | 90,404 | 90,404 | ||||||||||||||||||||||||||||||
Leases | — | — | — | — | 83,351 | 83,351 | ||||||||||||||||||||||||||||||
Other | — | — | — | — | 1,576 | 1,576 | ||||||||||||||||||||||||||||||
Purchased non-covered commercial (1) | — | 499 | — | — | 5,461 | 5,960 | ||||||||||||||||||||||||||||||
Total commercial | 17,711 | 499 | 7,196 | 22,337 | 2,723,310 | 2,771,053 | ||||||||||||||||||||||||||||||
Commercial real-estate: | ||||||||||||||||||||||||||||||||||||
Residential construction | 2,141 | — | 3,008 | — | 39,106 | 44,255 | ||||||||||||||||||||||||||||||
Commercial construction | 3,315 | — | 163 | 13,072 | 152,993 | 169,543 | ||||||||||||||||||||||||||||||
Land | 10,629 | — | 3,033 | 3,017 | 116,807 | 133,486 | ||||||||||||||||||||||||||||||
Office | 6,185 | — | 5,717 | 7,237 | 565,182 | 584,321 | ||||||||||||||||||||||||||||||
Industrial | 1,885 | — | 645 | 1,681 | 570,114 | 574,325 | ||||||||||||||||||||||||||||||
Retail | 10,133 | — | 1,853 | 5,617 | 543,066 | 560,669 | ||||||||||||||||||||||||||||||
Multi-family | 3,314 | — | 3,062 | — | 357,047 | 363,423 | ||||||||||||||||||||||||||||||
Mixed use and other | 20,859 | — | 9,779 | 14,990 | 1,175,222 | 1,220,850 | ||||||||||||||||||||||||||||||
Purchased non-covered commercial real-estate (1) | — | 1,066 | 150 | 389 | 47,235 | 48,840 | ||||||||||||||||||||||||||||||
Total commercial real-estate | 58,461 | 1,066 | 27,410 | 46,003 | 3,566,772 | 3,699,712 | ||||||||||||||||||||||||||||||
Home equity | 11,504 | — | 5,905 | 5,642 | 784,541 | 807,592 | ||||||||||||||||||||||||||||||
Residential real estate | 15,393 | — | 3,281 | 2,637 | 354,711 | 376,022 | ||||||||||||||||||||||||||||||
Purchased non-covered residential real estate (1) | — | — | — | — | 656 | 656 | ||||||||||||||||||||||||||||||
Premium finance receivables | ||||||||||||||||||||||||||||||||||||
Commercial insurance loans | 7,488 | 5,533 | 5,881 | 14,369 | 1,949,674 | 1,982,945 | ||||||||||||||||||||||||||||||
Life insurance loans | 29 | — | — | — | 1,128,559 | 1,128,588 | ||||||||||||||||||||||||||||||
Purchased life insurance loans (1) | — | — | — | — | 537,032 | 537,032 | ||||||||||||||||||||||||||||||
Indirect consumer | 72 | 215 | 74 | 344 | 76,673 | 77,378 | ||||||||||||||||||||||||||||||
Consumer and other | 1,485 | — | 429 | 849 | 106,092 | 108,855 | ||||||||||||||||||||||||||||||
Purchased non-covered consumer and other (1) | — | — | — | — | 67 | 67 | ||||||||||||||||||||||||||||||
Total loans, net of unearned income, excluding covered loans | $ | 112,143 | $ | 7,313 | $ | 50,176 | $ | 92,181 | $ | 11,228,087 | $ | 11,489,900 | ||||||||||||||||||||||||
Covered loans | 910 | 129,257 | 6,521 | 14,571 | 506,266 | 657,525 | ||||||||||||||||||||||||||||||
Total loans, net of unearned income | $ | 113,053 | $ | 136,570 | $ | 56,697 | $ | 106,752 | $ | 11,734,353 | $ | 12,147,425 | ||||||||||||||||||||||||
-1 | Purchased loans represent loans acquired with evidence of credit quality deterioration since origination, in accordance with ASC 310-30. Loan agings are based upon contractually required payments. | |||||||||||||||||||||||||||||||||||
Our ability to manage credit risk depends in large part on our ability to properly identify and manage problem loans. To do so, we operate a credit risk rating system under which our credit management personnel assign a credit risk rating (1 to 10 rating) to each loan at the time of origination and review loans on a regular basis. | ||||||||||||||||||||||||||||||||||||
Each loan officer is responsible for monitoring his or her loan portfolio, recommending a credit risk rating for each loan in his or her portfolio and ensuring the credit risk ratings are appropriate. These credit risk ratings are then ratified by the bank’s chief credit officer and/or concurrence credit officer. Credit risk ratings are determined by evaluating a number of factors including: a borrower’s financial strength, cash flow coverage, collateral protection and guarantees. | ||||||||||||||||||||||||||||||||||||
The Company’s Problem Loan Reporting system automatically includes all loans with credit risk ratings of 6 through 9. This system is designed to provide an on-going detailed tracking mechanism for each problem loan. Once management determines that a loan has deteriorated to a point where it has a credit risk rating of 6 or worse, the Company’s Managed Asset Division performs an overall credit and collateral review. As part of this review, all underlying collateral is identified and the valuation methodology is analyzed and tracked. As a result of this initial review by the Company’s Managed Asset Division, the credit risk rating is reviewed and a portion of the outstanding loan balance may be deemed uncollectible or an impairment reserve may be established. The Company’s impairment analysis utilizes an independent re-appraisal of the collateral (unless such a third-party evaluation is not possible due to the unique nature of the collateral, such as a closely-held business or thinly traded securities). In the case of commercial real-estate collateral, an independent third party appraisal is ordered by the Company’s Real Estate Services Group to determine if there has been any change in the underlying collateral value. These independent appraisals are reviewed by the Real Estate Services Group and sometimes by independent third party valuation experts and may be adjusted depending upon market conditions. | ||||||||||||||||||||||||||||||||||||
Through the credit risk rating process, loans are reviewed to determine if they are performing in accordance with the original contractual terms. If the borrower has failed to comply with the original contractual terms, further action may be required by the Company, including a downgrade in the credit risk rating, movement to non-accrual status, a charge-off or the establishment of a specific impairment reserve. If we determine that a loan amount, or portion thereof, is uncollectible, the loan’s credit risk rating is immediately downgraded to an 8 or 9 and the uncollectible amount is charged-off. Any loan that has a partial charge-off continues to be assigned a credit risk rating of an 8 or 9 for the duration of time that a balance remains outstanding. The Company undertakes a thorough and ongoing analysis to determine if additional impairment and/or charge-offs are appropriate and to begin a workout plan for the credit to minimize actual losses. | ||||||||||||||||||||||||||||||||||||
If, based on current information and events, it is probable that the Company will be unable to collect all amounts due to it according to the contractual terms of the loan agreement, a specific impairment reserve is established. In determining the appropriate charge-off for collateral-dependent loans, the Company considers the results of appraisals for the associated collateral. | ||||||||||||||||||||||||||||||||||||
Non-performing loans include all non-accrual loans (8 and 9 risk ratings) as well as loans 90 days past due and still accruing interest, excluding loans acquired with evidence of credit quality deterioration since origination. The remainder of the portfolio is considered performing under the contractual terms of the loan agreement. The following table presents the recorded investment based on performance of loans by class, excluding covered loans, per the most recent analysis at September 30, 2013, December 31, 2012 and September 30, 2012: | ||||||||||||||||||||||||||||||||||||
Performing | Non-performing | Total | ||||||||||||||||||||||||||||||||||
(Dollars in thousands) | 30-Sep-13 | 31-Dec-12 | 30-Sep-12 | 30-Sep-13 | 31-Dec-12 | 30-Sep-12 | 30-Sep-13 | 31-Dec-12 | 30-Sep-12 | |||||||||||||||||||||||||||
Loan Balances: | ||||||||||||||||||||||||||||||||||||
Commercial | ||||||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 1,707,078 | $ | 1,608,794 | $ | 1,541,212 | $ | 15,473 | $ | 19,409 | $ | 15,163 | $ | 1,722,551 | $ | 1,628,203 | $ | 1,556,375 | ||||||||||||||||||
Franchise | 213,328 | 194,603 | 177,914 | — | 1,792 | 1,792 | 213,328 | 196,395 | 179,706 | |||||||||||||||||||||||||||
Mortgage warehouse lines of credit | 71,383 | 215,076 | 225,295 | — | — | — | 71,383 | 215,076 | 225,295 | |||||||||||||||||||||||||||
Community Advantage—homeowners association | 90,504 | 81,496 | 73,881 | — | — | — | 90,504 | 81,496 | 73,881 | |||||||||||||||||||||||||||
Aircraft | 12,601 | 17,364 | 21,016 | — | — | 428 | 12,601 | 17,364 | 21,444 | |||||||||||||||||||||||||||
Asset-based lending | 737,204 | 571,902 | 532,733 | 2,364 | 536 | 328 | 739,568 | 572,438 | 533,061 | |||||||||||||||||||||||||||
Tax exempt | 148,103 | 91,824 | 90,404 | — | — | — | 148,103 | 91,824 | 90,404 | |||||||||||||||||||||||||||
Leases | 101,654 | 90,443 | 83,351 | — | — | — | 101,654 | 90,443 | 83,351 | |||||||||||||||||||||||||||
Other | 90 | 16,549 | 1,576 | — | — | — | 90 | 16,549 | 1,576 | |||||||||||||||||||||||||||
Purchased non-covered commercial (1) | 9,339 | 5,010 | 5,960 | — | — | — | 9,339 | 5,010 | 5,960 | |||||||||||||||||||||||||||
Total commercial | 3,091,284 | 2,893,061 | 2,753,342 | 17,837 | 21,737 | 17,711 | 3,109,121 | 2,914,798 | 2,771,053 | |||||||||||||||||||||||||||
Commercial real-estate | ||||||||||||||||||||||||||||||||||||
Residential construction | 35,161 | 37,291 | 42,114 | 5,169 | 3,110 | 2,141 | 40,330 | 40,401 | 44,255 | |||||||||||||||||||||||||||
Commercial construction | 138,234 | 168,796 | 166,228 | 7,854 | 2,159 | 3,315 | 146,088 | 170,955 | 169,543 | |||||||||||||||||||||||||||
Land | 105,035 | 122,898 | 122,857 | 4,216 | 11,299 | 10,629 | 109,251 | 134,197 | 133,486 | |||||||||||||||||||||||||||
Office | 630,202 | 565,515 | 578,136 | 4,318 | 4,196 | 6,185 | 634,520 | 569,711 | 584,321 | |||||||||||||||||||||||||||
Industrial | 616,828 | 575,848 | 572,440 | 8,184 | 2,089 | 1,885 | 625,012 | 577,937 | 574,325 | |||||||||||||||||||||||||||
Retail | 600,956 | 561,104 | 550,536 | 11,259 | 7,792 | 10,133 | 612,215 | 568,896 | 560,669 | |||||||||||||||||||||||||||
Multi-family | 548,022 | 394,105 | 360,109 | 2,603 | 2,586 | 3,314 | 550,625 | 396,691 | 363,423 | |||||||||||||||||||||||||||
Mixed use and other | 1,357,161 | 1,332,512 | 1,199,991 | 12,509 | 16,742 | 20,859 | 1,369,670 | 1,349,254 | 1,220,850 | |||||||||||||||||||||||||||
Purchased non-covered commercial real-estate(1) | 58,399 | 56,076 | 48,840 | — | — | — | 58,399 | 56,076 | 48,840 | |||||||||||||||||||||||||||
Total commercial real-estate | 4,089,998 | 3,814,145 | 3,641,251 | 56,112 | 49,973 | 58,461 | 4,146,110 | 3,864,118 | 3,699,712 | |||||||||||||||||||||||||||
Home equity | 725,694 | 774,951 | 796,088 | 10,926 | 13,523 | 11,504 | 736,620 | 788,474 | 807,592 | |||||||||||||||||||||||||||
Residential real-estate | 382,082 | 354,629 | 360,629 | 14,126 | 11,728 | 15,393 | 396,208 | 366,357 | 376,022 | |||||||||||||||||||||||||||
Purchased non-covered residential real-estate (1) | 1,499 | 856 | 656 | — | — | — | 1,499 | 856 | 656 | |||||||||||||||||||||||||||
Premium finance receivables | ||||||||||||||||||||||||||||||||||||
Commercial insurance loans | 2,128,598 | 1,968,546 | 1,969,924 | 21,883 | 19,310 | 13,021 | 2,150,481 | 1,987,856 | 1,982,945 | |||||||||||||||||||||||||||
Life insurance loans | 1,409,250 | 1,210,682 | 1,128,559 | 606 | 25 | 29 | 1,409,856 | 1,210,707 | 1,128,588 | |||||||||||||||||||||||||||
Purchased life insurance loans (1) | 459,883 | 514,459 | 537,032 | — | — | — | 459,883 | 514,459 | 537,032 | |||||||||||||||||||||||||||
Indirect consumer | 57,056 | 77,089 | 77,091 | 180 | 244 | 287 | 57,236 | 77,333 | 77,378 | |||||||||||||||||||||||||||
Consumer and other | 112,255 | 99,610 | 107,370 | 1,591 | 1,543 | 1,485 | 113,846 | 101,153 | 108,855 | |||||||||||||||||||||||||||
Purchased non-covered consumer and other(1) | 179 | 2,832 | 67 | — | — | — | 179 | 2,832 | 67 | |||||||||||||||||||||||||||
Total loans, net of unearned income, excluding covered loans | $ | 12,457,778 | $ | 11,710,860 | $ | 11,372,009 | $ | 123,261 | $ | 118,083 | $ | 117,891 | $ | 12,581,039 | $ | 11,828,943 | $ | 11,489,900 | ||||||||||||||||||
-1 | Purchased loans represent loans acquired with evidence of credit quality deterioration since origination, in accordance with ASC 310-30. See Note 6 - Loans for further discussion of these purchased loans. | |||||||||||||||||||||||||||||||||||
A summary of activity in the allowance for credit losses by loan portfolio (excluding covered loans) for the three and nine months ended September 30, 2013 and 2012 is as follows: | ||||||||||||||||||||||||||||||||||||
Three months ended September 30, 2013 | Commercial Real-estate | Residential Real-estate | Premium Finance Receivable | Indirect Consumer | Consumer and Other | Total, Excluding Covered Loans | ||||||||||||||||||||||||||||||
(Dollars in thousands) | Commercial | Home Equity | ||||||||||||||||||||||||||||||||||
Allowance for credit losses | ||||||||||||||||||||||||||||||||||||
Allowance for loan losses at beginning of period | $ | 28,737 | $ | 51,950 | $ | 14,205 | $ | 4,825 | $ | 5,268 | $ | 263 | $ | 1,594 | $ | 106,842 | ||||||||||||||||||||
Other adjustments | (15 | ) | (193 | ) | — | (4 | ) | 7 | — | — | (205 | ) | ||||||||||||||||||||||||
Reclassification from (to) allowance for unfunded lending-related commitments | — | 284 | — | — | — | — | — | 284 | ||||||||||||||||||||||||||||
Charge-offs | (3,281 | ) | (6,982 | ) | (711 | ) | (328 | ) | (1,297 | ) | (23 | ) | (193 | ) | (12,815 | ) | ||||||||||||||||||||
Recoveries | 756 | 272 | 43 | 64 | 316 | 12 | 39 | 1,502 | ||||||||||||||||||||||||||||
Provision for credit losses | 2,044 | 5,488 | 1,824 | 700 | 1,193 | (51 | ) | 382 | 11,580 | |||||||||||||||||||||||||||
Allowance for loan losses at period end | $ | 28,241 | $ | 50,819 | $ | 15,361 | $ | 5,257 | $ | 5,487 | $ | 201 | $ | 1,822 | $ | 107,188 | ||||||||||||||||||||
Allowance for unfunded lending-related commitments at period end | $ | — | $ | 1,267 | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 1,267 | ||||||||||||||||||||
Allowance for credit losses at period end | $ | 28,241 | $ | 52,086 | $ | 15,361 | $ | 5,257 | $ | 5,487 | $ | 201 | $ | 1,822 | $ | 108,455 | ||||||||||||||||||||
Individually evaluated for impairment | 5,498 | 5,892 | 2,447 | 886 | — | — | 252 | 14,975 | ||||||||||||||||||||||||||||
Collectively evaluated for impairment | 22,636 | 46,080 | 12,914 | 4,371 | 5,487 | 201 | 1,570 | 93,259 | ||||||||||||||||||||||||||||
Loans acquired with deteriorated credit quality | 107 | 114 | — | — | — | — | — | 221 | ||||||||||||||||||||||||||||
Loans at period end | ||||||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 24,688 | $ | 124,401 | $ | 11,152 | $ | 16,746 | $ | — | $ | 79 | $ | 1,695 | $ | 178,761 | ||||||||||||||||||||
Collectively evaluated for impairment | 3,075,094 | 3,963,310 | 725,468 | 379,462 | 3,560,337 | 57,157 | 112,151 | 11,872,979 | ||||||||||||||||||||||||||||
Loans acquired with deteriorated credit quality | 9,339 | 58,399 | — | 1,499 | 459,883 | — | 179 | 529,299 | ||||||||||||||||||||||||||||
Three months ended September 30, 2012 | Commercial Real-estate | Residential Real-estate | Premium Finance Receivable | Indirect Consumer | Consumer and Other | Total, Excluding Covered Loans | ||||||||||||||||||||||||||||||
(Dollars in thousands) | Commercial | Home Equity | ||||||||||||||||||||||||||||||||||
Allowance for credit losses | ||||||||||||||||||||||||||||||||||||
Allowance for loan losses at beginning of period | $ | 26,983 | $ | 53,801 | $ | 13,878 | $ | 6,724 | $ | 8,522 | $ | 640 | $ | 1,372 | $ | 111,920 | ||||||||||||||||||||
Other adjustments | (138 | ) | (304 | ) | (2 | ) | (90 | ) | — | — | — | (534 | ) | |||||||||||||||||||||||
Reclassification from (to) allowance for unfunded lending-related commitments | — | 626 | — | — | — | — | — | 626 | ||||||||||||||||||||||||||||
Charge-offs | (3,315 | ) | (17,000 | ) | (1,543 | ) | (1,027 | ) | (886 | ) | (73 | ) | (93 | ) | (23,937 | ) | ||||||||||||||||||||
Recoveries | 349 | 5,352 | 52 | 8 | 206 | 25 | 28 | 6,020 | ||||||||||||||||||||||||||||
Provision for credit losses | 3,862 | 12,610 | 1,215 | 1,938 | (955 | ) | (323 | ) | (155 | ) | 18,192 | |||||||||||||||||||||||||
Allowance for loan losses at period end | $ | 27,741 | $ | 55,085 | $ | 13,600 | $ | 7,553 | $ | 6,887 | $ | 269 | $ | 1,152 | $ | 112,287 | ||||||||||||||||||||
Allowance for unfunded lending-related commitments at period end | $ | — | $ | 12,627 | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 12,627 | ||||||||||||||||||||
Allowance for credit losses at period end | $ | 27,741 | $ | 67,712 | $ | 13,600 | $ | 7,553 | $ | 6,887 | $ | 269 | $ | 1,152 | $ | 124,914 | ||||||||||||||||||||
Individually evaluated for impairment | $ | 3,168 | $ | 21,998 | $ | 3,011 | $ | 3,244 | $ | — | $ | 1 | $ | 480 | $ | 31,902 | ||||||||||||||||||||
Collectively evaluated for impairment | $ | 24,573 | $ | 45,714 | $ | 10,589 | $ | 4,306 | $ | 6,887 | $ | 268 | $ | 672 | $ | 93,009 | ||||||||||||||||||||
Loans acquired with deteriorated credit quality | $ | — | $ | — | $ | — | $ | 3 | $ | — | $ | — | $ | — | $ | 3 | ||||||||||||||||||||
Loans at period end | ||||||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 38,838 | $ | 160,711 | $ | 13,118 | $ | 18,696 | $ | — | $ | 69 | $ | 1,582 | $ | 233,014 | ||||||||||||||||||||
Collectively evaluated for impairment | 2,726,255 | 3,490,161 | 794,474 | 357,326 | 3,111,533 | 77,309 | 107,273 | 10,664,331 | ||||||||||||||||||||||||||||
Loans acquired with deteriorated credit quality | 5,960 | 48,840 | — | 656 | 537,032 | — | 67 | 592,555 | ||||||||||||||||||||||||||||
Nine Months Ended September 30, 2013 | Commercial | Home | Residential | Premium | Indirect | Consumer | Total, | |||||||||||||||||||||||||||||
Real-estate | Equity | Real-estate | Finance | Consumer | and Other | Excluding | ||||||||||||||||||||||||||||||
Receivable | Covered | |||||||||||||||||||||||||||||||||||
(Dollars in thousands) | Commercial | Loans | ||||||||||||||||||||||||||||||||||
Allowance for credit losses | ||||||||||||||||||||||||||||||||||||
Allowance for loan losses at beginning of period | $ | 28,794 | $ | 52,135 | $ | 12,734 | $ | 5,560 | $ | 6,096 | $ | 267 | $ | 1,765 | $ | 107,351 | ||||||||||||||||||||
Other adjustments | (19 | ) | (621 | ) | — | (98 | ) | (5 | ) | — | — | (743 | ) | |||||||||||||||||||||||
Reclassification from (to) allowance for unfunded lending-related commitments | — | 136 | — | — | — | — | — | 136 | ||||||||||||||||||||||||||||
Charge-offs | (8,914 | ) | (25,228 | ) | (4,893 | ) | (2,573 | ) | (3,671 | ) | (71 | ) | (402 | ) | (45,752 | ) | ||||||||||||||||||||
Recoveries | 1,319 | 1,224 | 376 | 87 | 889 | 44 | 177 | 4,116 | ||||||||||||||||||||||||||||
Provision for credit losses | 7,061 | 23,173 | 7,144 | 2,281 | 2,178 | (39 | ) | 282 | 42,080 | |||||||||||||||||||||||||||
Allowance for loan losses at period end | $ | 28,241 | $ | 50,819 | $ | 15,361 | $ | 5,257 | $ | 5,487 | $ | 201 | $ | 1,822 | $ | 107,188 | ||||||||||||||||||||
Allowance for unfunded lending-related commitments at period end | $ | — | $ | 1,267 | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 1,267 | ||||||||||||||||||||
Allowance for credit losses at period end | $ | 28,241 | $ | 52,086 | $ | 15,361 | $ | 5,257 | $ | 5,487 | $ | 201 | $ | 1,822 | $ | 108,455 | ||||||||||||||||||||
Nine months ended September 30, 2012 | Commercial | Home | Residential | Premium | Indirect | Consumer | Total, | |||||||||||||||||||||||||||||
Real-estate | Equity | Real-estate | Finance | Consumer | and Other | Excluding | ||||||||||||||||||||||||||||||
Receivable | Covered | |||||||||||||||||||||||||||||||||||
(Dollars in thousands) | Commercial | Loans | ||||||||||||||||||||||||||||||||||
Allowance for credit losses | ||||||||||||||||||||||||||||||||||||
Allowance for loan losses at beginning of period | $ | 31,237 | $ | 56,405 | $ | 7,712 | $ | 5,028 | $ | 7,214 | $ | 645 | $ | 2,140 | $ | 110,381 | ||||||||||||||||||||
Other adjustments | (142 | ) | (787 | ) | (4 | ) | (111 | ) | — | — | — | (1,044 | ) | |||||||||||||||||||||||
Reclassification from (to) allowance for unfunded lending-related commitments | 45 | 908 | — | — | — | — | — | 953 | ||||||||||||||||||||||||||||
Charge-offs | (12,623 | ) | (34,455 | ) | (5,865 | ) | (1,590 | ) | (2,483 | ) | (157 | ) | (454 | ) | (57,627 | ) | ||||||||||||||||||||
Recoveries | 852 | 5,657 | 385 | 13 | 675 | 76 | 226 | 7,884 | ||||||||||||||||||||||||||||
Provision for credit losses | 8,372 | 27,357 | 11,372 | 4,213 | 1,481 | (295 | ) | (760 | ) | 51,740 | ||||||||||||||||||||||||||
Allowance for loan losses at period end | $ | 27,741 | $ | 55,085 | $ | 13,600 | $ | 7,553 | $ | 6,887 | $ | 269 | $ | 1,152 | $ | 112,287 | ||||||||||||||||||||
Allowance for unfunded lending-related commitments at period end | $ | — | $ | 12,627 | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 12,627 | ||||||||||||||||||||
Allowance for credit losses at period end | $ | 27,741 | $ | 67,712 | $ | 13,600 | $ | 7,553 | $ | 6,887 | $ | 269 | $ | 1,152 | $ | 124,914 | ||||||||||||||||||||
A summary of activity in the allowance for covered loan losses for the three and nine months ended September 30, 2013 and 2012 is as follows: | ||||||||||||||||||||||||||||||||||||
Three Months Ended | Nine Months Ended | |||||||||||||||||||||||||||||||||||
September 30, | September 30, | September 30, | September 30, | |||||||||||||||||||||||||||||||||
(Dollars in thousands) | 2013 | 2012 | 2013 | 2012 | ||||||||||||||||||||||||||||||||
Balance at beginning of period | $ | 14,429 | $ | 20,560 | $ | 13,454 | $ | 12,977 | ||||||||||||||||||||||||||||
Provision for covered loan losses before benefit attributable to FDIC loss share agreements | (2,331 | ) | 3,096 | 515 | 25,916 | |||||||||||||||||||||||||||||||
Benefit attributable to FDIC loss share agreements | 1,865 | (2,489 | ) | (412 | ) | (20,766 | ) | |||||||||||||||||||||||||||||
Net provision for covered loan losses | (466 | ) | 607 | 103 | 5,150 | |||||||||||||||||||||||||||||||
(Decrease) increase in FDIC indemnification asset | (1,865 | ) | 2,489 | 412 | 20,766 | |||||||||||||||||||||||||||||||
Loans charged-off | (3,237 | ) | (1,736 | ) | (8,294 | ) | (17,052 | ) | ||||||||||||||||||||||||||||
Recoveries of loans charged-off | 4,063 | 6 | 7,249 | 85 | ||||||||||||||||||||||||||||||||
Net recoveries (charge-offs) | 826 | (1,730 | ) | (1,045 | ) | (16,967 | ) | |||||||||||||||||||||||||||||
Balance at end of period | $ | 12,924 | $ | 21,926 | $ | 12,924 | $ | 21,926 | ||||||||||||||||||||||||||||
In conjunction with FDIC-assisted transactions, the Company entered into loss share agreements with the FDIC. Additional expected losses, to the extent such expected losses result in the recognition of an allowance for loan losses, will increase the FDIC indemnification asset. The allowance for loan losses for loans acquired in FDIC-assisted transactions is determined without giving consideration to the amounts recoverable through loss share agreements (since the loss share agreements are separately accounted for and thus presented “gross” on the balance sheet). On the Consolidated Statements of Income, the provision for credit losses related to covered loans is reported net of changes in the amount recoverable under the loss share agreements. Reductions to expected losses, to the extent such reductions to expected losses are the result of an improvement to the actual or expected cash flows from the covered assets, will reduce the FDIC indemnification asset. Additions to expected losses will require an increase to the allowance for loan losses, and a corresponding increase to the FDIC indemnification asset. See “FDIC-Assisted Transactions” within Note 3 – Business Combinations for more detail. | ||||||||||||||||||||||||||||||||||||
Impaired Loans | ||||||||||||||||||||||||||||||||||||
A summary of impaired loans, including troubled debt restructurings ("TDRs"), is as follows: | ||||||||||||||||||||||||||||||||||||
September 30, | December 31, | September 30, | ||||||||||||||||||||||||||||||||||
(Dollars in thousands) | 2013 | 2012 | 2012 | |||||||||||||||||||||||||||||||||
Impaired loans (included in non-performing and restructured loans): | ||||||||||||||||||||||||||||||||||||
Impaired loans with an allowance for loan loss required (1) | $ | 99,437 | $ | 89,983 | $ | 120,060 | ||||||||||||||||||||||||||||||
Impaired loans with no allowance for loan loss required | 76,861 | 114,562 | 112,954 | |||||||||||||||||||||||||||||||||
Total impaired loans (2) | $ | 176,298 | $ | 204,545 | $ | 233,014 | ||||||||||||||||||||||||||||||
Allowance for loan losses related to impaired loans | $ | 14,329 | $ | 13,575 | $ | 19,818 | ||||||||||||||||||||||||||||||
Troubled debt restructurings | $ | 115,003 | $ | 126,473 | $ | 147,196 | ||||||||||||||||||||||||||||||
-1 | These impaired loans require an allowance for loan losses because the estimated fair value of the loans or related collateral is less than the recorded investment in the loans. | |||||||||||||||||||||||||||||||||||
-2 | Impaired loans are considered by the Company to be non-accrual loans, TDRs or loans with principal and/or interest at risk, even if the loan is current with all payments of principal and interest. | |||||||||||||||||||||||||||||||||||
The following tables present impaired loans evaluated for impairment by loan class for the periods ended as follows: | ||||||||||||||||||||||||||||||||||||
For the Nine Months Ended | ||||||||||||||||||||||||||||||||||||
As of September 30, 2013 | 30-Sep-13 | |||||||||||||||||||||||||||||||||||
Recorded Investment | Unpaid Principal Balance | Related Allowance | Average Recorded Investment | Interest Income Recognized | ||||||||||||||||||||||||||||||||
(Dollars in thousands) | ||||||||||||||||||||||||||||||||||||
Impaired loans with a related ASC 310 allowance recorded | ||||||||||||||||||||||||||||||||||||
Commercial | ||||||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 10,599 | $ | 12,226 | $ | 3,915 | $ | 11,155 | $ | 558 | ||||||||||||||||||||||||||
Franchise | — | — | — | — | — | |||||||||||||||||||||||||||||||
Mortgage warehouse lines of credit | — | — | — | — | — | |||||||||||||||||||||||||||||||
Community Advantage—homeowners association | — | — | — | — | — | |||||||||||||||||||||||||||||||
Aircraft | — | — | — | — | — | |||||||||||||||||||||||||||||||
Asset-based lending | 2,287 | 2,296 | 1,549 | 2,299 | 86 | |||||||||||||||||||||||||||||||
Tax exempt | — | — | — | — | — | |||||||||||||||||||||||||||||||
Leases | — | — | — | — | — | |||||||||||||||||||||||||||||||
Other | — | — | — | — | — | |||||||||||||||||||||||||||||||
Commercial real-estate | ||||||||||||||||||||||||||||||||||||
Residential construction | 377 | 377 | 49 | 379 | 19 | |||||||||||||||||||||||||||||||
Commercial construction | 9,577 | 9,577 | 103 | 10,051 | 284 | |||||||||||||||||||||||||||||||
Land | 12,161 | 15,486 | 947 | 12,321 | 445 | |||||||||||||||||||||||||||||||
Office | 7,322 | 7,376 | 111 | 7,426 | 207 | |||||||||||||||||||||||||||||||
Industrial | 3,352 | 3,417 | 177 | 3,402 | 124 | |||||||||||||||||||||||||||||||
Retail | 18,583 | 18,662 | 1,942 | 18,859 | 564 | |||||||||||||||||||||||||||||||
Multi-family | 3,715 | 4,188 | 260 | 3,809 | 143 | |||||||||||||||||||||||||||||||
Mixed use and other | 19,451 | 19,711 | 1,721 | 18,569 | 669 | |||||||||||||||||||||||||||||||
Home equity | 5,347 | 5,559 | 2,447 | 5,468 | 187 | |||||||||||||||||||||||||||||||
Residential real-estate | 5,999 | 6,533 | 856 | 5,418 | 170 | |||||||||||||||||||||||||||||||
Premium finance receivables | ||||||||||||||||||||||||||||||||||||
Commercial insurance | — | — | — | — | — | |||||||||||||||||||||||||||||||
Life insurance | — | — | — | — | — | |||||||||||||||||||||||||||||||
Purchased life insurance | — | — | — | — | — | |||||||||||||||||||||||||||||||
Indirect consumer | — | — | — | — | — | |||||||||||||||||||||||||||||||
Consumer and other | 667 | 668 | 252 | 661 | 25 | |||||||||||||||||||||||||||||||
Impaired loans with no related ASC 310 allowance recorded | ||||||||||||||||||||||||||||||||||||
Commercial | ||||||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 10,858 | $ | 15,320 | $ | — | $ | 13,841 | $ | 683 | ||||||||||||||||||||||||||
Franchise | — | — | — | — | — | |||||||||||||||||||||||||||||||
Mortgage warehouse lines of credit | — | — | — | — | — | |||||||||||||||||||||||||||||||
Community Advantage—homeowners association | — | — | — | — | — | |||||||||||||||||||||||||||||||
Aircraft | — | — | — | — | — | |||||||||||||||||||||||||||||||
Asset-based lending | 76 | 1,416 | — | 87 | 57 | |||||||||||||||||||||||||||||||
Tax exempt | — | — | — | — | — | |||||||||||||||||||||||||||||||
Leases | — | — | — | — | — | |||||||||||||||||||||||||||||||
Other | — | — | — | — | — | |||||||||||||||||||||||||||||||
Commercial real-estate | ||||||||||||||||||||||||||||||||||||
Residential construction | 3,267 | 3,426 | — | 3,954 | 122 | |||||||||||||||||||||||||||||||
Commercial construction | 8,705 | 13,939 | — | 10,899 | 564 | |||||||||||||||||||||||||||||||
Land | 4,980 | 6,094 | — | 3,869 | 181 | |||||||||||||||||||||||||||||||
Office | 7,329 | 9,324 | — | 8,242 | 358 | |||||||||||||||||||||||||||||||
Industrial | 7,668 | 7,833 | — | 7,772 | 357 | |||||||||||||||||||||||||||||||
Retail | 6,230 | 6,549 | — | 6,270 | 257 | |||||||||||||||||||||||||||||||
Multi-family | 1,149 | 2,983 | — | 1,868 | 115 | |||||||||||||||||||||||||||||||
Mixed use and other | 9,205 | 11,256 | — | 8,181 | 362 | |||||||||||||||||||||||||||||||
Home equity | 5,805 | 7,215 | — | 5,568 | 221 | |||||||||||||||||||||||||||||||
Residential real-estate | 10,482 | 12,841 | — | 9,805 | 292 | |||||||||||||||||||||||||||||||
Premium finance receivables | ||||||||||||||||||||||||||||||||||||
Commercial insurance | — | — | — | — | — | |||||||||||||||||||||||||||||||
Life insurance | — | — | — | — | — | |||||||||||||||||||||||||||||||
Purchased life insurance | — | — | — | — | — | |||||||||||||||||||||||||||||||
Indirect consumer | 79 | 88 | — | 70 | 7 | |||||||||||||||||||||||||||||||
Consumer and other | 1,028 | 1,564 | — | 1,058 | 72 | |||||||||||||||||||||||||||||||
Total loans, net of unearned income, excluding covered loans | $ | 176,298 | $ | 205,924 | $ | 14,329 | $ | 181,301 | $ | 7,129 | ||||||||||||||||||||||||||
For the Twelve Months Ended | ||||||||||||||||||||||||||||||||||||
As of December 31, 2012 | 31-Dec-12 | |||||||||||||||||||||||||||||||||||
Recorded Investment | Unpaid Principal Balance | Related Allowance | Average Recorded Investment | Interest Income Recognized | ||||||||||||||||||||||||||||||||
(Dollars in thousands) | ||||||||||||||||||||||||||||||||||||
Impaired loans with a related ASC 310 allowance recorded | ||||||||||||||||||||||||||||||||||||
Commercial | ||||||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 11,010 | $ | 12,562 | $ | 1,982 | $ | 13,312 | $ | 881 | ||||||||||||||||||||||||||
Franchise | 1,792 | 1,792 | 1,259 | 1,792 | 122 | |||||||||||||||||||||||||||||||
Mortgage warehouse lines of credit | — | — | — | — | — | |||||||||||||||||||||||||||||||
Community Advantage—homeowners association | — | — | — | — | — | |||||||||||||||||||||||||||||||
Aircraft | — | — | — | — | — | |||||||||||||||||||||||||||||||
Asset-based lending | 511 | 511 | 55 | 484 | 26 | |||||||||||||||||||||||||||||||
Tax exempt | — | — | — | — | — | |||||||||||||||||||||||||||||||
Leases | — | — | — | — | — | |||||||||||||||||||||||||||||||
Other | — | — | — | — | — | |||||||||||||||||||||||||||||||
Commercial real-estate | ||||||||||||||||||||||||||||||||||||
Residential construction | 2,007 | 2,007 | 389 | 2,007 | 98 | |||||||||||||||||||||||||||||||
Commercial construction | 1,865 | 1,865 | 70 | 1,865 | 78 | |||||||||||||||||||||||||||||||
Land | 12,184 | 12,860 | 1,414 | 12,673 | 483 | |||||||||||||||||||||||||||||||
Office | 5,829 | 5,887 | 622 | 5,936 | 246 | |||||||||||||||||||||||||||||||
Industrial | 1,150 | 1,200 | 224 | 1,208 | 75 | |||||||||||||||||||||||||||||||
Retail | 13,240 | 13,314 | 343 | 13,230 | 584 | |||||||||||||||||||||||||||||||
Multi-family | 3,954 | 3,954 | 348 | 3,972 | 157 | |||||||||||||||||||||||||||||||
Mixed use and other | 22,249 | 23,166 | 2,989 | 23,185 | 1,165 | |||||||||||||||||||||||||||||||
Home equity | 7,270 | 7,313 | 2,569 | 7,282 | 271 | |||||||||||||||||||||||||||||||
Residential real-estate | 6,420 | 6,931 | 1,169 | 6,424 | 226 | |||||||||||||||||||||||||||||||
Premium finance receivables | ||||||||||||||||||||||||||||||||||||
Commercial insurance | — | — | — | — | — | |||||||||||||||||||||||||||||||
Life insurance | — | — | — | — | — | |||||||||||||||||||||||||||||||
Purchased life insurance | — | — | — | — | — | |||||||||||||||||||||||||||||||
Indirect consumer | — | — | — | — | — | |||||||||||||||||||||||||||||||
Consumer and other | 502 | 502 | 142 | 502 | 26 | |||||||||||||||||||||||||||||||
Impaired loans with no related ASC 310 allowance recorded | ||||||||||||||||||||||||||||||||||||
Commercial | ||||||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 20,270 | $ | 27,574 | $ | — | $ | 23,877 | $ | 1,259 | ||||||||||||||||||||||||||
Franchise | — | — | — | — | — | |||||||||||||||||||||||||||||||
Mortgage warehouse lines of credit | — | — | — | — | — | |||||||||||||||||||||||||||||||
Community Advantage—homeowners association | — | — | — | — | — | |||||||||||||||||||||||||||||||
Aircraft | — | — | — | — | — | |||||||||||||||||||||||||||||||
Asset-based lending | 25 | 1,362 | — | 252 | 76 | |||||||||||||||||||||||||||||||
Tax exempt | — | — | — | — | — | |||||||||||||||||||||||||||||||
Leases | — | — | — | — | — | |||||||||||||||||||||||||||||||
Other | — | — | — | — | — | |||||||||||||||||||||||||||||||
Commercial real-estate | ||||||||||||||||||||||||||||||||||||
Residential construction | 4,085 | 4,440 | — | 4,507 | 143 | |||||||||||||||||||||||||||||||
Commercial construction | 12,263 | 13,395 | — | 13,635 | 540 | |||||||||||||||||||||||||||||||
Land | 12,163 | 17,141 | — | 14,646 | 906 | |||||||||||||||||||||||||||||||
Office | 8,939 | 9,521 | — | 9,432 | 437 | |||||||||||||||||||||||||||||||
Industrial | 3,598 | 3,776 | — | 3,741 | 181 | |||||||||||||||||||||||||||||||
Retail | 18,073 | 18,997 | — | 19,067 | 892 | |||||||||||||||||||||||||||||||
Multi-family | 2,817 | 4,494 | — | 4,120 | 222 | |||||||||||||||||||||||||||||||
Mixed use and other | 15,462 | 17,210 | — | 16,122 | 912 | |||||||||||||||||||||||||||||||
Home equity | 7,320 | 8,758 | — | 8,164 | 376 | |||||||||||||||||||||||||||||||
Residential real-estate | 8,390 | 9,189 | — | 9,069 | 337 | |||||||||||||||||||||||||||||||
Premium finance receivables | ||||||||||||||||||||||||||||||||||||
Commercial insurance | — | — | — | — | — | |||||||||||||||||||||||||||||||
Life insurance | — | — | — | — | — | |||||||||||||||||||||||||||||||
Purchased life insurance | — | — | — | — | — | |||||||||||||||||||||||||||||||
Indirect consumer | 53 | 61 | — | 65 | 6 | |||||||||||||||||||||||||||||||
Consumer and other | 1,104 | 1,558 | — | 1,507 | 94 | |||||||||||||||||||||||||||||||
Total loans, net of unearned income, excluding covered loans | $ | 204,545 | $ | 231,340 | $ | 13,575 | $ | 222,076 | $ | 10,819 | ||||||||||||||||||||||||||
For the Nine Months Ended | ||||||||||||||||||||||||||||||||||||
As of September 30, 2012 | 30-Sep-12 | |||||||||||||||||||||||||||||||||||
Recorded Investment | Unpaid Principal Balance | Related Allowance | Average Recorded Investment | Interest Income Recognized | ||||||||||||||||||||||||||||||||
(Dollars in thousands) | ||||||||||||||||||||||||||||||||||||
Impaired loans with a related ASC 310 allowance recorded | ||||||||||||||||||||||||||||||||||||
Commercial | ||||||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 11,271 | $ | 13,484 | $ | 2,615 | $ | 13,623 | $ | 670 | ||||||||||||||||||||||||||
Franchise | 1,792 | 1,792 | 386 | 1,792 | 91 | |||||||||||||||||||||||||||||||
Mortgage warehouse lines of credit | — | — | — | — | — | |||||||||||||||||||||||||||||||
Community Advantage—homeowners association | — | — | — | — | — | |||||||||||||||||||||||||||||||
Aircraft | 428 | 428 | 95 | 428 | 22 | |||||||||||||||||||||||||||||||
Asset-based lending | 306 | 1,624 | 72 | 558 | 67 | |||||||||||||||||||||||||||||||
Tax exempt | — | — | — | — | — | |||||||||||||||||||||||||||||||
Leases | — | — | — | — | — | |||||||||||||||||||||||||||||||
Other | — | — | — | — | — | |||||||||||||||||||||||||||||||
Commercial real-estate | ||||||||||||||||||||||||||||||||||||
Residential construction | 2,637 | 2,712 | 540 | 2,637 | 102 | |||||||||||||||||||||||||||||||
Commercial construction | 4,184 | 4,184 | 743 | 4,160 | 153 | |||||||||||||||||||||||||||||||
Land | 13,689 | 15,459 | 1,576 | 13,986 | 460 | |||||||||||||||||||||||||||||||
Office | 7,366 | 9,851 | 802 | 7,998 | 355 | |||||||||||||||||||||||||||||||
Industrial | 752 | 804 | 295 | 778 | 34 | |||||||||||||||||||||||||||||||
Retail | 17,933 | 18,060 | 1,257 | 18,024 | 626 | |||||||||||||||||||||||||||||||
Multi-family | 5,588 | 5,588 | 859 | 5,598 | 213 | |||||||||||||||||||||||||||||||
Mixed use and other | 30,921 | 32,005 | 3,842 | 31,582 | 1,145 | |||||||||||||||||||||||||||||||
Home equity | 8,254 | 8,923 | 3,011 | 8,572 | 352 | |||||||||||||||||||||||||||||||
Residential real-estate | 13,578 | 14,220 | 3,244 | 13,507 | 448 | |||||||||||||||||||||||||||||||
Premium finance receivables | ||||||||||||||||||||||||||||||||||||
Commercial insurance | — | — | — | — | — | |||||||||||||||||||||||||||||||
Life insurance | — | — | — | — | — | |||||||||||||||||||||||||||||||
Purchased life insurance | — | — | — | — | — | |||||||||||||||||||||||||||||||
Indirect consumer | 12 | 13 | 1 | 13 | 1 | |||||||||||||||||||||||||||||||
Consumer and other | 1,349 | 1,349 | 480 | 1,351 | 64 | |||||||||||||||||||||||||||||||
Impaired loans with no related ASC 310 allowance recorded | ||||||||||||||||||||||||||||||||||||
Commercial | ||||||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 25,019 | $ | 28,581 | $ | — | $ | 27,829 | $ | 1,076 | ||||||||||||||||||||||||||
Franchise | — | — | — | — | — | |||||||||||||||||||||||||||||||
Mortgage warehouse lines of credit | — | — | — | — | — | |||||||||||||||||||||||||||||||
Community Advantage—homeowners association | — | — | — | — | — | |||||||||||||||||||||||||||||||
Aircraft | — | — | — | — | — | |||||||||||||||||||||||||||||||
Asset-based lending | 22 | 57 | — | 81 | 5 | |||||||||||||||||||||||||||||||
Tax exempt | — | — | — | — | — | |||||||||||||||||||||||||||||||
Leases | — | — | — | — | — | |||||||||||||||||||||||||||||||
Other | — | — | — | — | — | |||||||||||||||||||||||||||||||
Commercial real-estate | ||||||||||||||||||||||||||||||||||||
Residential construction | 3,603 | 3,719 | — | 4,389 | 134 | |||||||||||||||||||||||||||||||
Commercial construction | 9,868 | 10,466 | — | 10,937 | 332 | |||||||||||||||||||||||||||||||
Land | 13,330 | 17,331 | — | 15,866 | 648 | |||||||||||||||||||||||||||||||
Office | 9,463 | 10,368 | — | 9,627 | 339 | |||||||||||||||||||||||||||||||
Industrial | 3,080 | 3,164 | — | 3,115 | 107 | |||||||||||||||||||||||||||||||
Retail | 16,610 | 16,876 | — | 17,070 | 613 | |||||||||||||||||||||||||||||||
Multi-family | 1,926 | 2,672 | — | 2,371 | 87 | |||||||||||||||||||||||||||||||
Mixed use and other | 19,761 | 21,819 | — | 20,970 | 861 | |||||||||||||||||||||||||||||||
Home equity | 4,864 | 5,494 | — | 4,931 | 162 | |||||||||||||||||||||||||||||||
Residential real-estate | 5,118 | 5,374 | — | 5,392 | 118 | |||||||||||||||||||||||||||||||
Premium finance receivables | ||||||||||||||||||||||||||||||||||||
Commercial insurance | — | — | — | — | — | |||||||||||||||||||||||||||||||
Life insurance | — | — | — | — | — | |||||||||||||||||||||||||||||||
Purchased life insurance | — | — | — | — | — | |||||||||||||||||||||||||||||||
Indirect consumer | 57 | 71 | — | 67 | 5 | |||||||||||||||||||||||||||||||
Consumer and other | 233 | 237 | — | 248 | 11 | |||||||||||||||||||||||||||||||
Total loans, net of unearned income, excluding covered loans | $ | 233,014 | $ | 256,725 | $ | 19,818 | $ | 247,500 | $ | 9,301 | ||||||||||||||||||||||||||
TDRs | ||||||||||||||||||||||||||||||||||||
At September 30, 2013, the Company had $115.0 million in loans modified in TDRs. The $115.0 million in TDRs represents 161 credits in which economic concessions were granted to certain borrowers to better align the terms of their loans with their current ability to pay. | ||||||||||||||||||||||||||||||||||||
The Company’s approach to restructuring loans, excluding those acquired with evidence of credit quality deterioration since origination, is built on its credit risk rating system which requires credit management personnel to assign a credit risk rating to each loan. In each case, the loan officer is responsible for recommending a credit risk rating for each loan and ensuring the credit risk ratings are appropriate. These credit risk ratings are then reviewed and approved by the bank’s chief credit officer and/or concurrence credit officer. Credit risk ratings are determined by evaluating a number of factors including a borrower’s financial strength, cash flow coverage, collateral protection and guarantees. The Company’s credit risk rating scale is one through ten with higher scores indicating higher risk. In the case of loans rated six or worse following modification, the Company’s Managed Assets Division evaluates the loan and the credit risk rating and determines that the loan has been restructured to be reasonably assured of repayment and of performance according to the modified terms and is supported by a current, well-documented credit assessment of the borrower’s financial condition and prospects for repayment under the revised terms. | ||||||||||||||||||||||||||||||||||||
A modification of a loan, excluding those acquired with evidence of credit quality deterioration since origination, with an existing credit risk rating of six or worse or a modification of any other credit which will result in a restructured credit risk rating of six or worse, must be reviewed for possible TDR classification. In that event, our Managed Assets Division conducts an overall credit and collateral review. A modification of these loans is considered to be a TDR if both (1) the borrower is experiencing financial difficulty and (2) for economic or legal reasons, the bank grants a concession to a borrower that it would not otherwise consider. The modification of a loan, excluding those acquired with evidence of credit quality deterioration since origination, where the credit risk rating is five or better both before and after such modification is not considered to be a TDR. Based on the Company’s credit risk rating system, it considers that borrowers whose credit risk rating is five or better are not experiencing financial difficulties and therefore, are not considered TDRs. | ||||||||||||||||||||||||||||||||||||
TDRs are reviewed at the time of modification and on a quarterly basis to determine if a specific reserve is needed. The carrying amount of the loan is compared to the expected payments to be received, discounted at the loan’s original rate, or for collateral dependent loans, to the fair value of the collateral. Any shortfall is recorded as a specific reserve. | ||||||||||||||||||||||||||||||||||||
All credits determined to be a TDR will continue to be classified as a TDR in all subsequent periods, unless the borrower has been in compliance with the loan’s modified terms for a period of six months (including over a calendar year-end) and the modified interest rate represented a market rate at the time of a restructuring. The Managed Assets Division, in consultation with the respective loan officer, determines whether the modified interest rate represented a current market rate at the time of restructuring. Using knowledge of current market conditions and rates, competitive pricing on recent loan originations, and an assessment of various characteristics of the modified loan (including collateral position and payment history), an appropriate market rate for a new borrower with similar risk is determined. If the modified interest rate meets or exceeds this market rate for a new borrower with similar risk, the modified interest rate represents a market rate at the time of restructuring. Additionally, before removing a loan from TDR classification, a review of the current or previously measured impairment on the loan and any concerns related to future performance by the borrower is conducted. If concerns exist about the future ability of the borrower to meet its obligations under the loans based on a credit review by the Managed Assets Division, the TDR classification is not removed from the loan. Loans classified as TDRs that are re-modified subsequent to the initial determination will continue to be classified as TDRs following the re-modification, unless the requirements for removal from TDR classification discussed above are satisfied at the time of the re-modification. | ||||||||||||||||||||||||||||||||||||
TDRs are reviewed at the time of the modification and on a quarterly basis to determine if a specific reserve is necessary. The carrying amount of the loan is compared to the expected payments to be received, discounted at the loan's original rate, or for collateral dependent loans, to the fair value of the collateral. Any shortfall is recorded as a specific reserve. The Company, in accordance with ASC 310-10, continues to individually measure impairment of these loans after the TDR classification is removed. | ||||||||||||||||||||||||||||||||||||
Each TDR was reviewed for impairment at September 30, 2013 and approximately $4.4 million of impairment was present and appropriately reserved for through the Company’s normal reserving methodology in the Company’s allowance for loan losses. For TDRs in which impairment is calculated by the present value of future cash flows, the Company records interest income representing the decrease in impairment resulting from the passage of time during the respective period, which differs from interest income from contractually required interest on these specific loans. During the three months ended September 30, 2013 and 2012, the Company recorded $205,000 and $534,000, respectively, in interest income representing this decrease in impairment. During the nine months ended September 30, 2013 and 2012, the Company recorded $727,000 and $1.0 million, respectively, in interest income representing this decrease in impairment. | ||||||||||||||||||||||||||||||||||||
The tables below present a summary of the post-modification balance of loans restructured during the three and nine months ended September 30, 2013 and 2012, respectively, which represent TDRs: | ||||||||||||||||||||||||||||||||||||
Three months ended | Total (1)(2) | Extension at | Reduction of Interest | Modification to | Forgiveness of Debt(2) | |||||||||||||||||||||||||||||||
September 30, 2013 | Below Market | Rate (2) | Interest-only | |||||||||||||||||||||||||||||||||
Terms (2) | Payments (2) | |||||||||||||||||||||||||||||||||||
(Dollars in thousands) | Count | Balance | Count | Balance | Count | Balance | Count | Balance | Count | Balance | ||||||||||||||||||||||||||
Commercial | ||||||||||||||||||||||||||||||||||||
Commercial and industrial | — | $ | — | — | $ | — | — | $ | — | — | $ | — | — | $ | — | |||||||||||||||||||||
Commercial real-estate | ||||||||||||||||||||||||||||||||||||
Residential construction | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
Commercial construction | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
Land | 1 | 2,352 | 1 | 2,352 | — | — | — | — | — | — | ||||||||||||||||||||||||||
Office | 1 | 556 | 1 | 556 | 1 | 556 | — | — | — | — | ||||||||||||||||||||||||||
Industrial | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
Retail | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
Multi-family | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
Mixed use and other | 1 | 95 | 1 | 95 | — | — | — | — | — | — | ||||||||||||||||||||||||||
Residential real estate and other | 1 | 1,000 | 1 | 1,000 | — | — | — | — | 1 | 1,000 | ||||||||||||||||||||||||||
Total loans | 4 | $ | 4,003 | 4 | $ | 4,003 | 1 | $ | 556 | — | $ | — | 1 | $ | 1,000 | |||||||||||||||||||||
-1 | TDRs may have more than one modification representing a concession. As such, TDRs during the period may be represented in more than one of the categories noted above. | |||||||||||||||||||||||||||||||||||
-2 | Balances represent the recorded investment in the loan at the time of the restructuring. | |||||||||||||||||||||||||||||||||||
Three months ended | Total (1)(2) | Extension at | Reduction of Interest | Modification to | Forgiveness of Debt(2) | |||||||||||||||||||||||||||||||
September 30, 2012 | Below Market | Rate (2) | Interest-only | |||||||||||||||||||||||||||||||||
Terms (2) | Payments (2) | |||||||||||||||||||||||||||||||||||
(Dollars in thousands) | Count | Balance | Count | Balance | Count | Balance | Count | Balance | Count | Balance | ||||||||||||||||||||||||||
Commercial | ||||||||||||||||||||||||||||||||||||
Commercial and industrial | 3 | $ | 442 | 2 | $ | 275 | 1 | $ | 225 | 1 | $ | 167 | — | $ | — | |||||||||||||||||||||
Commercial real-estate | ||||||||||||||||||||||||||||||||||||
Residential construction | 1 | 496 | 1 | 496 | 1 | 496 | 1 | 496 | — | — | ||||||||||||||||||||||||||
Commercial construction | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
Land | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
Office | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
Industrial | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
Retail | 2 | 4,653 | 2 | 4,653 | — | — | 2 | 4,654 | — | — | ||||||||||||||||||||||||||
Multi-family | 1 | 380 | — | — | 1 | 380 | 1 | 380 | — | — | ||||||||||||||||||||||||||
Mixed use and other | 7 | 3,108 | 2 | 858 | 5 | 2,250 | 5 | 2,699 | — | — | ||||||||||||||||||||||||||
Residential real estate and other | 4 | 437 | 3 | 308 | 3 | 357 | 1 | 79 | — | — | ||||||||||||||||||||||||||
Total loans | 18 | $ | 9,516 | 10 | $ | 6,590 | 11 | $ | 3,708 | 11 | $ | 8,475 | — | $ | — | |||||||||||||||||||||
-1 | TDRs may have more than one modification representing a concession. As such, TDRs during the period may be represented in more than one of the categories noted above. | |||||||||||||||||||||||||||||||||||
-2 | Balances represent the recorded investment in the loan at the time of the restructuring. | |||||||||||||||||||||||||||||||||||
During the three months ended September 30, 2013, 4 loans totaling $4.0 million were determined to be TDRs, compared to 18 loans totaling $9.5 million in the same period of 2012. Of these loans extended at below market terms, the weighted average extension had a term of approximately 26 months during the three months ended September 30, 2013 compared to 8 months for the same period of 2012. Further, the weighted average decrease in the stated interest rate for loans with a reduction of interest rate during the period was approximately 150 basis points and 293 basis points during the three months ending September 30, 2013 and 2012, respectively. No loans were modified to interest-only payment terms during the third quarter of 2013 compared to 11 loans totaling $8.5 million in the same period of 2012. Interest-only payment terms were approximately nine months during the three months ending September 30, 2012. Additionally, $1.0 million in principal balances were forgiven in the third quarter of 2013 compared to no principal balances forgiven during the same period of 2012. | ||||||||||||||||||||||||||||||||||||
Nine months ended | Total (1)(2) | Extension at | Reduction of Interest | Modification to | Forgiveness of Debt(2) | |||||||||||||||||||||||||||||||
September 30, 2013 | Below Market | Rate (2) | Interest-only | |||||||||||||||||||||||||||||||||
Terms (2) | Payments (2) | |||||||||||||||||||||||||||||||||||
(Dollars in thousands) | Count | Balance | Count | Balance | Count | Balance | Count | Balance | Count | Balance | ||||||||||||||||||||||||||
Commercial | ||||||||||||||||||||||||||||||||||||
Commercial and industrial | 6 | $ | 708 | 5 | $ | 573 | 4 | $ | 553 | 2 | $ | 185 | — | $ | — | |||||||||||||||||||||
Commercial real-estate | ||||||||||||||||||||||||||||||||||||
Residential construction | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
Commercial construction | 3 | 6,120 | 3 | 6,120 | — | — | 3 | 6,120 | — | — | ||||||||||||||||||||||||||
Land | 3 | 2,639 | 3 | 2,639 | 2 | 287 | — | — | 1 | 73 | ||||||||||||||||||||||||||
Office | 4 | 4,021 | 4 | 4,021 | 1 | 556 | — | — | — | — | ||||||||||||||||||||||||||
Industrial | 1 | 949 | 1 | 949 | 1 | 949 | — | — | — | — | ||||||||||||||||||||||||||
Retail | 1 | 200 | 1 | 200 | 1 | 200 | — | — | — | — | ||||||||||||||||||||||||||
Multi-family | 1 | 705 | 1 | 705 | 1 | 705 | — | — | — | — | ||||||||||||||||||||||||||
Mixed use and other | 3 | 3,628 | 3 | 3,628 | 2 | 3,533 | — | — | — | — | ||||||||||||||||||||||||||
Residential real estate and other | 8 | 1,778 | 4 | 1,095 | 6 | 762 | 2 | 234 | 1 | 1,000 | ||||||||||||||||||||||||||
Total loans | 30 | $ | 20,748 | 25 | $ | 19,930 | 18 | $ | 7,545 | 7 | $ | 6,539 | 2 | $ | 1,073 | |||||||||||||||||||||
-1 | TDRs may have more than one modification representing a concession. As such, TDRs during the period may be represented in more than one of the categories noted above. | |||||||||||||||||||||||||||||||||||
-2 | Balances represent the recorded investment in the loan at the time of the restructuring. | |||||||||||||||||||||||||||||||||||
Nine months ended | Total (1)(2) | Extension at | Reduction of Interest | Modification to | Forgiveness of Debt(2) | |||||||||||||||||||||||||||||||
September 30, 2012 | Below Market | Rate (2) | Interest-only | |||||||||||||||||||||||||||||||||
Terms (2) | Payments (2) | |||||||||||||||||||||||||||||||||||
(Dollars in thousands) | Count | Balance | Count | Balance | Count | Balance | Count | Balance | Count | Balance | ||||||||||||||||||||||||||
Commercial | ||||||||||||||||||||||||||||||||||||
Commercial and industrial | 16 | $ | 13,325 | 9 | $ | 2,617 | 9 | $ | 12,705 | 7 | $ | 10,579 | 2 | $ | 1,486 | |||||||||||||||||||||
Commercial real-estate | ||||||||||||||||||||||||||||||||||||
Residential construction | 3 | 2,147 | 3 | 2,147 | 1 | 496 | 1 | 496 | — | — | ||||||||||||||||||||||||||
Commercial construction | 2 | 622 | 2 | 622 | 2 | 622 | 2 | 622 | — | — | ||||||||||||||||||||||||||
Land | 17 | 31,836 | 17 | 31,836 | 14 | 30,561 | 13 | 26,511 | — | — | ||||||||||||||||||||||||||
Office | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
Industrial | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
Retail | 7 | 13,286 | 7 | 13,286 | 5 | 8,633 | 6 | 12,897 | — | — | ||||||||||||||||||||||||||
Multi-family | 1 | 380 | — | — | 1 | 380 | 1 | 380 | — | — | ||||||||||||||||||||||||||
Mixed use and other | 13 | 6,745 | 8 | 4,495 | 9 | 5,680 | 8 | 3,974 | — | — | ||||||||||||||||||||||||||
Residential real estate and other | 9 | 1,512 | 7 | 1,264 | 5 | 504 | 3 | 924 | 1 | 29 | ||||||||||||||||||||||||||
Total loans | 68 | $ | 69,853 | 53 | $ | 56,267 | 46 | $ | 59,581 | 41 | $ | 56,383 | 3 | $ | 1,515 | |||||||||||||||||||||
-1 | TDRs may have more than one modification representing a concession. As such, TDRs during the period may be represented in more than one of the categories noted above. | |||||||||||||||||||||||||||||||||||
-2 | Balances represent the recorded investment in the loan at the time of the restructuring. | |||||||||||||||||||||||||||||||||||
During the nine months ended September 30, 2013, 30 loans totaling $20.7 million were determined to be TDRs, compared to 68 loans totaling $69.9 million in the same period of 2012. Of these loans extended at below market terms, the weighted average extension had a term of approximately 19 months during the nine months ended September 30, 2013 compared to eight months for the same period of 2012. Further, the weighted average decrease in the stated interest rate for loans with a reduction of interest rate during the period was approximately 199 basis points and 151 basis points during the nine months ending September 30, 2013 and 2012, respectively. Interest-only payment terms were approximately eleven months and five months during the nine months ending September 30, 2013 and 2012, respectively. Additionally, $1.0 million in balances were forgiven in the first nine months of 2013 compared to $420,000 balances forgiven during the same period of 2012. | ||||||||||||||||||||||||||||||||||||
The following table presents a summary of all loans restructured in TDRs during the twelve months ended September 30, 2013 and 2012, and such loans which were in payment default under the restructured terms during the respective periods below: | ||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | As of September 30, 2013 | Three Months Ended | Nine Months Ended | |||||||||||||||||||||||||||||||||
September 30, 2013 | 30-Sep-13 | |||||||||||||||||||||||||||||||||||
Total (1)(3) | Payments in Default (2)(3) | Payments in Default (2)(3) | ||||||||||||||||||||||||||||||||||
Count | Balance | Count | Balance | Count | Balance | |||||||||||||||||||||||||||||||
Commercial | ||||||||||||||||||||||||||||||||||||
Commercial and industrial | 8 | $ | 1,694 | 1 | $ | 161 | 2 | $ | 181 | |||||||||||||||||||||||||||
Commercial real-estate | ||||||||||||||||||||||||||||||||||||
Residential construction | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Commercial construction | 3 | 6,120 | — | — | — | — | ||||||||||||||||||||||||||||||
Land | 3 | 2,639 | 1 | 215 | 1 | 215 | ||||||||||||||||||||||||||||||
Office | 4 | 4,021 | 1 | 1,648 | 1 | 1,648 | ||||||||||||||||||||||||||||||
Industrial | 2 | 1,676 | 1 | 727 | 1 | 727 | ||||||||||||||||||||||||||||||
Retail | 2 | 431 | — | — | — | — | ||||||||||||||||||||||||||||||
Multi-family | 1 | 705 | — | — | 1 | 705 | ||||||||||||||||||||||||||||||
Mixed use and other | 5 | 4,217 | 1 | 95 | 2 | 368 | ||||||||||||||||||||||||||||||
Residential real estate and other | 9 | 1,904 | 1 | 126 | 1 | 126 | ||||||||||||||||||||||||||||||
Total loans | 37 | $ | 23,407 | 6 | $ | 2,972 | 9 | $ | 3,970 | |||||||||||||||||||||||||||
-1 | Total TDRs represent all loans restructured in TDRs during the previous twelve months from the date indicated. | |||||||||||||||||||||||||||||||||||
-2 | TDRs considered to be in payment default are over 30 days past-due subsequent to the restructuring. | |||||||||||||||||||||||||||||||||||
-3 | Balances represent the recorded investment in the loan at the time of the restructuring. | |||||||||||||||||||||||||||||||||||
(Dollars in thousands) | As of September 30, 2012 | Three Months Ended | Nine Months Ended | |||||||||||||||||||||||||||||||||
September 30, 2012 | 30-Sep-12 | |||||||||||||||||||||||||||||||||||
Total (1)(3) | Payments in Default (2)(3) | Payments in Default (2)(3) | ||||||||||||||||||||||||||||||||||
Count | Balance | Count | Balance | Count | Balance | |||||||||||||||||||||||||||||||
Commercial | ||||||||||||||||||||||||||||||||||||
Commercial and industrial | 21 | $ | 15,161 | 3 | $ | 351 | 3 | $ | 351 | |||||||||||||||||||||||||||
Commercial real-estate | ||||||||||||||||||||||||||||||||||||
Residential construction | 4 | 3,252 | — | — | — | — | ||||||||||||||||||||||||||||||
Commercial construction | 7 | 3,360 | 5 | 2,740 | 5 | 2,740 | ||||||||||||||||||||||||||||||
Land | 21 | 37,860 | 1 | 651 | 2 | 1,925 | ||||||||||||||||||||||||||||||
Office | 2 | 4,795 | — | — | — | — | ||||||||||||||||||||||||||||||
Industrial | 2 | 1,313 | 1 | 990 | 1 | 990 | ||||||||||||||||||||||||||||||
Retail | 15 | 28,097 | — | — | 1 | 1,605 | ||||||||||||||||||||||||||||||
Multi-family | 6 | 4,247 | 1 | 264 | 1 | 264 | ||||||||||||||||||||||||||||||
Mixed use and other | 27 | 12,342 | 2 | 914 | 5 | 3,197 | ||||||||||||||||||||||||||||||
Residential real estate and other | 16 | 3,977 | 5 | 1,931 | 6 | 2,379 | ||||||||||||||||||||||||||||||
Total loans | 121 | $ | 114,404 | 18 | $ | 7,841 | 24 | $ | 13,451 | |||||||||||||||||||||||||||
-1 | Total TDRs represent all loans restructured in TDRs during the previous twelve months from the date indicated. | |||||||||||||||||||||||||||||||||||
-2 | TDRs considered to be in payment default are over 30 days past-due subsequent to the restructuring. | |||||||||||||||||||||||||||||||||||
-3 | Balances represent the recorded investment in the loan at the time of the restructuring. |
Loan_Securitization
Loan Securitization | 9 Months Ended |
Sep. 30, 2013 | |
Transfers and Servicing [Abstract] | ' |
Transfers and Servicing of Financial Assets | ' |
Loan Securitization | |
During the third quarter of 2009, the Company entered into a revolving period securitization transaction sponsored by First Insurance Funding Corporation ("FIFC"). In connection with the securitization, premium finance receivables – commercial were transferred to FIFC Premium Funding, LLC (the “securitization entity”). Principal collections on loans in the securitization entity were used to acquire and transfer additional loans into the securitization entity during the stated revolving period. At December 31, 2011, the stated revolving period ended and the majority of collections began accumulating to pay off the issued instruments as scheduled. | |
Instruments issued by the securitization entity included $600 million Class A notes bearing an annual interest rate of one-month LIBOR plus 1.45% (the “Notes”). At the time of issuance, the Notes were eligible collateral under the Federal Reserve Bank of New York’s Term Asset-Backed Securities Loan Facility (“TALF”). Class B and Class C notes (“Subordinated securities”), which were recorded in the form of zero coupon bonds, were also issued and were retained by the Company. | |
This securitization transaction was accounted for as a secured borrowing and the securitization entity was treated as a consolidated subsidiary of the Company under ASC 810, “Consolidation”. The securitization entity’s receivables underlying third-party investors’ interests were recorded in loans, net of unearned income, excluding covered loans, an allowance for loan losses was established and the related debt issued was reported in secured borrowings—owed to securitization investors. Additionally, the Company’s retained interests in the transaction, principally consisting of subordinated securities, cash collateral, and overcollateralization of loans, constituted intercompany positions, which were eliminated in the preparation of the Company’s Consolidated Statements of Condition. | |
Upon transfer of premium finance receivables – commercial to the securitization entity, the receivables and certain cash flows derived from them became restricted for use in meeting obligations to the securitization entity’s creditors. The securitization entity had ownership of interest-bearing deposit balances that also had restrictions, the amounts of which were reported in interest-bearing deposits with other banks. With the exception of the seller’s interest in the transferred receivables, the Company’s interests in the securitization entity’s assets were generally subordinate to the interests of third-party investors. | |
During the first and second quarters of 2012, the Company purchased portions of the Notes in the open market in the amounts of $172.0 million and $67.2 million, respectively, effectively reducing the outstanding Notes, on a consolidated basis, to $360.8 million. On August 15, 2012, the securitization entity paid off the $360.8 million of Notes held by third party investors as well as the $239.2 million owed to the Company. Additionally, the Company received payment of $49.6 million related to the Subordinated securities held by the Company. The securitization entity held no loans or borrowings but retained unrestricted cash of approximately $36,000, as of September 30, 2013 and December 31, 2012, and $1.8 million as of September 30, 2012. |
Goodwill_and_Other_Intangible_
Goodwill and Other Intangible Assets | 9 Months Ended | |||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | |||||||||||||||||||
Goodwill and Other Intangible Assets | ' | |||||||||||||||||||
Goodwill and Other Intangible Assets | ||||||||||||||||||||
A summary of the Company’s goodwill assets by business segment is presented in the following table: | ||||||||||||||||||||
(Dollars in thousands) | January 1, | Goodwill | Impairment | Goodwill Adjustments | September 30, | |||||||||||||||
2013 | Acquired | Loss | 2013 | |||||||||||||||||
Community banking | $ | 274,963 | $ | 13,960 | $ | — | $ | (1,496 | ) | $ | 287,427 | |||||||||
Specialty finance | 38,574 | — | — | (556 | ) | 38,018 | ||||||||||||||
Wealth management | 31,864 | — | — | — | 31,864 | |||||||||||||||
Total | $ | 345,401 | $ | 13,960 | $ | — | $ | (2,052 | ) | $ | 357,309 | |||||||||
The community banking segment's goodwill increased $12.5 million in 2013 as a result of the acquisition of FNBI in the second quarter of 2013 and subsequent purchase adjustments related to the acquisition of Hyde Park Bank in 2012. Additionally, the specialty finance segment’s goodwill decreased $556,000 during this same period as a result of subsequent purchase adjustments and foreign currency translation adjustments related to the acquisition of Macquarie Premium Funding Inc. in 2012. | ||||||||||||||||||||
At June 30, 2013, the Company utilized a qualitative approach for its annual goodwill impairment test of the community banking segment and determined that it is not more likely than not that an impairment existed at that time. No significant events occurred during the third quarter of 2013 that would require the Company to re-evaluate that determination. The annual goodwill impairment tests of the specialty finance and wealth management segments will be conducted at December 31, 2013. | ||||||||||||||||||||
A summary of finite-lived intangible assets as of the dates shown and the expected amortization as of September 30, 2013 is as follows: | ||||||||||||||||||||
(Dollars in thousands) | September 30, | 31-Dec-12 | September 30, | |||||||||||||||||
2013 | 2012 | |||||||||||||||||||
Community banking segment: | ||||||||||||||||||||
Core deposit intangibles: | ||||||||||||||||||||
Gross carrying amount | $ | 39,350 | $ | 38,176 | $ | 38,501 | ||||||||||||||
Accumulated amortization | (28,143 | ) | (25,159 | ) | (24,178 | ) | ||||||||||||||
Net carrying amount | $ | 11,207 | $ | 13,017 | $ | 14,323 | ||||||||||||||
Specialty finance segment: | ||||||||||||||||||||
Customer list intangibles: | ||||||||||||||||||||
Gross carrying amount | $ | 1,800 | $ | 1,800 | $ | 1,800 | ||||||||||||||
Accumulated amortization | (769 | ) | (645 | ) | (603 | ) | ||||||||||||||
Net carrying amount | $ | 1,031 | $ | 1,155 | $ | 1,197 | ||||||||||||||
Wealth management segment: | ||||||||||||||||||||
Customer list and other intangibles: | ||||||||||||||||||||
Gross carrying amount | $ | 7,690 | $ | 7,390 | $ | 7,390 | ||||||||||||||
Accumulated amortization | (946 | ) | (615 | ) | (505 | ) | ||||||||||||||
Net carrying amount | $ | 6,744 | $ | 6,775 | $ | 6,885 | ||||||||||||||
Total other intangible assets, net | $ | 18,982 | $ | 20,947 | $ | 22,405 | ||||||||||||||
Estimated amortization | ||||||||||||||||||||
Actual in nine months ended September 30, 2013 | $ | 3,438 | ||||||||||||||||||
Estimated remaining in 2013 | 1,123 | |||||||||||||||||||
Estimated—2014 | 4,117 | |||||||||||||||||||
Estimated—2015 | 2,565 | |||||||||||||||||||
Estimated—2016 | 1,981 | |||||||||||||||||||
Estimated—2017 | 1,589 | |||||||||||||||||||
The increase in gross carrying amount of core deposit intangibles from 2012 was primarily from the acquisition of FNBI in the second quarter of 2013, partially offset by the divestiture of the deposits and current banking locations of Second Federal in the first quarter of 2013. The core deposit intangibles recognized in connection with these acquisitions are amortized over a ten-year period on an accelerated basis. | ||||||||||||||||||||
The customer list intangibles recognized in connection with the purchase of life insurance premium finance assets in 2009 are being amortized over an 18-year period on an accelerated basis. | ||||||||||||||||||||
The increase in intangibles within the wealth management segment was related to the Company's acquisition of the trust operations of FNBI during the second quarter of 2013. The customer list intangibles recognized in connection with this and prior acquisitions within the wealth management segment are being amortized over a ten-year period on a straight-line basis. | ||||||||||||||||||||
Total amortization expense associated with finite-lived intangibles totaled approximately $3.4 million and $3.2 million for the nine months ended September 30, 2013 and 2012, respectively. |
Deposits
Deposits | 9 Months Ended | |||||||||||
Sep. 30, 2013 | ||||||||||||
Deposits [Abstract] | ' | |||||||||||
Deposits | ' | |||||||||||
Deposits | ||||||||||||
The following table is a summary of deposits as of the dates shown: | ||||||||||||
(Dollars in thousands) | September 30, 2013 | December 31, 2012 | September 30, 2012 | |||||||||
Balance: | ||||||||||||
Non-interest bearing | $ | 2,622,518 | $ | 2,396,264 | $ | 2,162,215 | ||||||
NOW | 1,922,906 | 2,022,957 | 1,841,743 | |||||||||
Wealth management deposits | 1,099,509 | 991,902 | 979,306 | |||||||||
Money market | 3,423,413 | 2,761,498 | 2,596,702 | |||||||||
Savings | 1,318,147 | 1,275,012 | 1,156,466 | |||||||||
Time certificates of deposit | 4,260,953 | 4,980,911 | 5,111,533 | |||||||||
Total deposits | $ | 14,647,446 | $ | 14,428,544 | $ | 13,847,965 | ||||||
Mix: | ||||||||||||
Non-interest bearing | 18 | % | 17 | % | 16 | % | ||||||
NOW | 13 | 14 | 13 | |||||||||
Wealth management deposits | 8 | 7 | 7 | |||||||||
Money market | 23 | 19 | 19 | |||||||||
Savings | 9 | 9 | 8 | |||||||||
Time certificates of deposit | 29 | 34 | 37 | |||||||||
Total deposits | 100 | % | 100 | % | 100 | % | ||||||
Wealth management deposits represent deposit balances (primarily money market accounts) at the Company’s subsidiary banks from brokerage customers of Wayne Hummer Investments, trust and asset management customers of CTC and brokerage customers from unaffiliated companies. |
Notes_Payable_Federal_Home_Loa
Notes Payable, Federal Home Loan Bank Advances, Other Borrowings, Secured Borrowings and Subordinated Notes | 9 Months Ended | |||||||||||
Sep. 30, 2013 | ||||||||||||
Debt Disclosure [Abstract] | ' | |||||||||||
Notes Payable, Federal Home Loan Bank Advances, Other Borrowings, Secured Borrowings and Subordinated Notes | ' | |||||||||||
Notes Payable, Federal Home Loan Bank Advances, Other Borrowings and Subordinated Notes | ||||||||||||
The following table is a summary of notes payable, Federal Home Loan Bank advances, other borrowings and subordinated notes as of the dates shown: | ||||||||||||
(Dollars in thousands) | September 30, | 31-Dec-12 | September 30, | |||||||||
2013 | 2012 | |||||||||||
Notes payable | $ | 1,546 | $ | 2,093 | $ | 2,275 | ||||||
Federal Home Loan Bank advances | 387,852 | 414,122 | 414,211 | |||||||||
Other borrowings: | ||||||||||||
Securities sold under repurchase agreements | 223,211 | 238,401 | 337,405 | |||||||||
Other | 23,659 | 36,010 | 39,824 | |||||||||
Total other borrowings | 246,870 | 274,411 | 377,229 | |||||||||
Subordinated notes | 10,000 | 15,000 | 15,000 | |||||||||
Total notes payable, Federal Home Loan Bank advances, other borrowings and subordinated notes | $ | 646,268 | $ | 705,626 | $ | 808,715 | ||||||
At September 30, 2013, the Company had notes payable of $1.5 million. The Company had a $1.0 million outstanding balance of notes payable, with an interest rate of 4.00%, under a $101.0 million Amended and Restated Credit Agreement (“Agreement”) with unaffiliated banks. The Agreement consisted of a $100.0 million revolving credit facility, maturing on October 25, 2013, and a $1.0 million term loan maturing on June 1, 2015. At September 30, 2013, no amount was outstanding on the $100.0 million revolving credit facility. Borrowings under the Agreement that are considered “Base Rate Loans” will bear interest at a rate equal to the higher of (1) 400 basis points and (2) for the applicable period, the highest of (a) the federal funds rate plus 100 basis points, (b) the lender’s prime rate plus 50 basis points, and (c) the Eurodollar Rate (as defined below) that would be applicable for an interest period of one month plus 150 basis points. Borrowings under the Agreement that are considered “Eurodollar Rate Loans” will bear interest at a rate equal to the higher of (1) the British Bankers Association’s LIBOR rate for the applicable period plus 300 basis points (the “Eurodollar Rate”) and (2) 400 basis points. A commitment fee is payable quarterly equal to 0.50% of the actual daily amount by which the lenders’ commitment under the revolving note exceeded the amount outstanding under such facility. As more fully described in Note 18 - Subsequent Events, the Company amended the Agreement subsequent to September 30, 2013. Additionally, on November 7, 2013, the Company repaid and terminated its $1.0 million term loan. | ||||||||||||
Borrowings under the Agreement are secured by the stock of some of the banks and contain several restrictive covenants, including the maintenance of various capital adequacy levels, asset quality and profitability ratios, and certain restrictions on dividends and other indebtedness. At September 30, 2013, the Company was in compliance with all such covenants. The revolving credit facility is available to be utilized, as needed, to provide capital to fund continued growth at the Company’s banks and to serve as an interim source of funds for acquisitions, common stock repurchases or other general corporate purposes. | ||||||||||||
As a result of the acquisition of Great Lakes Advisors, the Company assumed an unsecured promissory note to a Great Lakes Advisors shareholder (“Unsecured Promissory Note”) with an outstanding balance of $546,000 as of September 30, 2013. Under the Unsecured Promissory Note, the Company will make quarterly principal payments and pay interest at a rate of the federal funds rate plus 100 basis points. As of September 30, 2013, the current interest rate was 1.25%. | ||||||||||||
Federal Home Loan Bank advances consist of obligations of the banks and are collateralized by qualifying residential real-estate and home equity loans and certain securities. FHLB advances are stated at par value of the debt adjusted for unamortized fair value adjustments recorded in connection with advances acquired through acquisitions. In order to achieve lower interest rates and to extend maturities, the Company may periodically restructure FHLB advances. The Company restructured $292.5 million of FHLB advances in the first quarter of 2012, paying $22.4 million in prepayment fees. The Company did not restructure any FHLB advances in the first nine months of 2013. These prepayment fees are classified in other assets on the Consolidated Statements of Condition and are amortized as an adjustment to interest expense using the effective interest method. | ||||||||||||
At September 30, 2013 and 2012, securities sold under repurchase agreements are comprised of $43.2 million and $70.8 million, respectively, of customer balances in sweep accounts in connection with master repurchase agreements at the banks and $180.0 million and $266.6 million, respectively, of short-term borrowings from brokers. The Company records securities sold under repurchase agreements at their gross value and does not offset positions on the Consolidated Statements of Condition. As of September 30, 2013, the Company had pledged securities related to its customer balances in sweep accounts and short-term borrowings from brokers of $63.7 million and $197.5 million, respectively, which exceed the outstanding borrowings resulting in no net credit exposure. Securities pledged for customer balances in sweep accounts and short-term borrowings from brokers are maintained under the Company’s control and consist of U.S. Government agency, mortgage-backed and corporate securities. These securities are included in the available-for-sale securities portfolio as reflected on the Company’s Consolidated Statements of Condition. | ||||||||||||
Other borrowings at September 30, 2013 and 2012 consist of the junior subordinated amortizing notes issued by the Company in connection with the issuance of Tangible Equity Units (TEUs) in December 2010 and a fixed-rate promissory note issued by the Company in August 2012 ("Fixed-rate Promissory Note") related to and secured by an office building owned by the Company. The junior subordinated notes were recorded at their initial principal balance of $44.7 million, net of issuance costs. These notes have a stated interest rate of 9.5% and require quarterly principal and interest payments of $4.3 million, with an initial payment of $4.6 million that was paid on March 15, 2011. The issuance costs are being amortized to interest expense using the effective-interest method. The scheduled final installment payment on the notes is December 15, 2013, subject to extension. At September 30, 2013, these notes had an outstanding balance of $4.2 million. See Note 17 – Shareholders’ Equity and Earnings Per Share for further discussion of the TEUs. At September 30, 2013 the Fixed-rate Promissory Note had an outstanding balance of $19.5 million. Under the Fixed-rate Promissory Note, the Company will make monthly principal payments and pay interest at a fixed rate of 3.75% until maturity on September 1, 2017. | ||||||||||||
At September 30, 2013, the Company had an obligation for one subordinated note with a remaining balance of $10.0 million. This subordinated note was issued in October 2005 (funded in May 2006). During the second quarter of 2012, two subordinated notes issued in October 2002 and April 2003 with remaining balances of $5.0 million and $10.0 million, respectively, were paid off prior to maturity. As of September 30, 2013 the remaining subordinated note requires annual principal payments of $5.0 million on May 29, 2014 and 2015. The Company may redeem the subordinated note without payment of premium or penalty at any time prior to maturity. Interest on each note is calculated at a rate equal to three-month LIBOR plus 130 basis points. On November 7, 2013, the Company repaid the subordinated note remaining balance of $10.0 million. See Note 18 - Subsequent Events. |
Junior_Subordinated_Debentures
Junior Subordinated Debentures | 9 Months Ended | ||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||
Junior Subordinated Debenture Owed to Unconsolidated Subsidiary Trust [Abstract] | ' | ||||||||||||||||||||||
Junior Subordinated Debentures | ' | ||||||||||||||||||||||
Junior Subordinated Debentures | |||||||||||||||||||||||
As of September 30, 2013, the Company owned 100% of the common securities of nine trusts, Wintrust Capital Trust III, Wintrust Statutory Trust IV, Wintrust Statutory Trust V, Wintrust Capital Trust VII, Wintrust Capital Trust VIII, Wintrust Capital Trust IX, Northview Capital Trust I, Town Bankshares Capital Trust I, and First Northwest Capital Trust I (the “Trusts”) set up to provide long-term financing. The Northview, Town and First Northwest capital trusts were acquired as part of the acquisitions of Northview Financial Corporation, Town Bankshares, Ltd., and First Northwest Bancorp, Inc., respectively. The Trusts were formed for purposes of issuing trust preferred securities to third-party investors and investing the proceeds from the issuance of the trust preferred securities and common securities solely in junior subordinated debentures issued by the Company (or assumed by the Company in connection with an acquisition), with the same maturities and interest rates as the trust preferred securities. The junior subordinated debentures are the sole assets of the Trusts. In each Trust, the common securities represent approximately 3% of the junior subordinated debentures and the trust preferred securities represent approximately 97% of the junior subordinated debentures. | |||||||||||||||||||||||
The Trusts are reported in the Company’s consolidated financial statements as unconsolidated subsidiaries. Accordingly, in the Consolidated Statements of Condition, the junior subordinated debentures issued by the Company to the Trusts are reported as liabilities and the common securities of the Trusts, all of which are owned by the Company, are included in available-for-sale securities. | |||||||||||||||||||||||
The following table provides a summary of the Company’s junior subordinated debentures as of September 30, 2013. The junior subordinated debentures represent the par value of the obligations owed to the Trusts. | |||||||||||||||||||||||
(Dollars in thousands) | Common | Trust Preferred | Junior | Rate | Contractual rate | Issue | Maturity | Earliest | |||||||||||||||
Securities | Securities | Subordinated | Structure | at 9/30/2013 | Date | Date | Redemption | ||||||||||||||||
Debentures | Date | ||||||||||||||||||||||
Wintrust Capital Trust III | $ | 774 | $ | 25,000 | $ | 25,774 | L+3.25 | 3.52 | % | Apr-03 | Apr-33 | Apr-08 | |||||||||||
Wintrust Statutory Trust IV | 619 | 20,000 | 20,619 | L+2.80 | 3.05 | % | Dec-03 | Dec-33 | Dec-08 | ||||||||||||||
Wintrust Statutory Trust V | 1,238 | 40,000 | 41,238 | L+2.60 | 2.85 | % | May-04 | May-34 | Jun-09 | ||||||||||||||
Wintrust Capital Trust VII | 1,550 | 50,000 | 51,550 | L+1.95 | 2.2 | % | Dec-04 | Mar-35 | Mar-10 | ||||||||||||||
Wintrust Capital Trust VIII | 1,238 | 40,000 | 41,238 | L+1.45 | 1.7 | % | Aug-05 | Sep-35 | Sep-10 | ||||||||||||||
Wintrust Captial Trust IX | 1,547 | 50,000 | 51,547 | L+1.63 | 1.88 | % | Sep-06 | Sep-36 | Sep-11 | ||||||||||||||
Northview Capital Trust I | 186 | 6,000 | 6,186 | L+3.00 | 3.27 | % | Aug-03 | Nov-33 | Aug-08 | ||||||||||||||
Town Bankshares Capital Trust I | 186 | 6,000 | 6,186 | L+3.00 | 3.27 | % | Aug-03 | Nov-33 | Aug-08 | ||||||||||||||
First Northwest Capital Trust I | 155 | 5,000 | 5,155 | L+3.00 | 3.25 | % | May-04 | May-34 | May-09 | ||||||||||||||
Total | $ | 249,493 | 2.44 | % | |||||||||||||||||||
The junior subordinated debentures totaled $249.5 million at September 30, 2013, December 31, 2012 and September 30, 2012. | |||||||||||||||||||||||
The interest rates on the variable rate junior subordinated debentures are based on the three-month LIBOR rate and reset on a quarterly basis. At September 30, 2013, the weighted average contractual interest rate on the junior subordinated debentures was 2.44%. The Company entered into interest rate swaps and caps with an aggregate notional value of $225 million to hedge the variable cash flows on certain junior subordinated debentures. Two of these interest rate caps, which were purchased in the second quarter of 2013 with an aggregate notional amount of $90 million, replaced two interest rate swaps that matured in September 2013. The hedge-adjusted rate on the junior subordinated debentures as of September 30, 2013, was 3.25%. Distributions on the common and preferred securities issued by the Trusts are payable quarterly at a rate per annum equal to the interest rates being earned by the Trusts on the junior subordinated debentures. Interest expense on the junior subordinated debentures is deductible for income tax purposes. | |||||||||||||||||||||||
The Company has guaranteed the payment of distributions and payments upon liquidation or redemption of the trust preferred securities, in each case to the extent of funds held by the Trusts. The Company and the Trusts believe that, taken together, the obligations of the Company under the guarantees, the junior subordinated debentures, and other related agreements provide, in the aggregate, a full, irrevocable and unconditional guarantee, on a subordinated basis, of all of the obligations of the Trusts under the trust preferred securities. Subject to certain limitations, the Company has the right to defer the payment of interest on the junior subordinated debentures at any time, or from time to time, for a period not to exceed 20 consecutive quarters. The trust preferred securities are subject to mandatory redemption, in whole or in part, upon repayment of the junior subordinated debentures at maturity or their earlier redemption. The junior subordinated debentures are redeemable in whole or in part prior to maturity at any time after the earliest redemption dates shown in the table, and earlier at the discretion of the Company if certain conditions are met, and, in any event, only after the Company has obtained Federal Reserve approval, if then required under applicable guidelines or regulations. | |||||||||||||||||||||||
The junior subordinated debentures, subject to certain limitations, qualify as Tier 1 capital of the Company for regulatory purposes. The amount of junior subordinated debentures and certain other capital elements in excess of those certain limitations could be included in Tier 2 capital, subject to restrictions. At September 30, 2013, all of the junior subordinated debentures, net of the Common Securities, were included in the Company’s Tier 1 regulatory capital. |
Segment_Information
Segment Information | 9 Months Ended | ||||||||||||||
Sep. 30, 2013 | |||||||||||||||
Segment Reporting [Abstract] | ' | ||||||||||||||
Segment Information | ' | ||||||||||||||
Segment Information | |||||||||||||||
The Company’s operations consist of three primary segments: community banking, specialty finance and wealth management. | |||||||||||||||
The three reportable segments are strategic business units that are separately managed as they offer different products and services and have different marketing strategies. In addition, each segment’s customer base has varying characteristics. The community banking segment has a different regulatory environment than the specialty finance and wealth management segments. While the Company’s management monitors each of the fifteen bank subsidiaries’ operations and profitability separately, these subsidiaries have been aggregated into one reportable operating segment due to the similarities in products and services, customer base, operations, profitability measures, and economic characteristics. | |||||||||||||||
The net interest income, net revenue and segment profit of the community banking segment includes income and related interest costs from portfolio loans that were purchased from the specialty finance segment. For purposes of internal segment profitability analysis, management reviews the results of its specialty finance segment as if all loans originated and sold to the community banking segment were retained within that segment’s operations, thereby causing inter-segment eliminations. Similarly, for purposes of analyzing the contribution from the wealth management segment, management allocates a portion of the net interest income earned by the community banking segment on deposit balances of customers of the wealth management segment to the wealth management segment. See Note 10 — Deposits, for more information on these deposits. | |||||||||||||||
The segment financial information provided in the following tables has been derived from the internal profitability reporting system used by management to monitor and manage the financial performance of the Company. The accounting policies of the segments are substantially similar to as those described in “Summary of Significant Accounting Policies” in Note 1 of the Company’s 2012 Form 10-K. The Company evaluates segment performance based on after-tax profit or loss and other appropriate profitability measures common to each segment. Certain indirect expenses have been allocated based on actual volume measurements and other criteria, as appropriate. Intersegment revenue and transfers are generally accounted for at current market prices. The parent and intersegment eliminations reflected parent company information and intersegment eliminations. | |||||||||||||||
The following is a summary of certain operating information for reportable segments: | |||||||||||||||
Three months ended September 30, | $ Change in | % Change in | |||||||||||||
(Dollars in thousands) | 2013 | 2012 | Contribution | Contribution | |||||||||||
Net interest income: | |||||||||||||||
Community banking | $ | 133,378 | $ | 124,684 | $ | 8,694 | 7 | % | |||||||
Specialty finance | 32,742 | 32,182 | 560 | 2 | |||||||||||
Wealth management | 1,624 | 524 | 1,100 | NM | |||||||||||
Parent and inter-segment eliminations | (25,962 | ) | (24,815 | ) | (1,147 | ) | (5 | ) | |||||||
Total net interest income | $ | 141,782 | $ | 132,575 | $ | 9,207 | 7 | % | |||||||
Non-interest income: | |||||||||||||||
Community banking | $ | 37,727 | $ | 48,912 | $ | (11,185 | ) | (23 | )% | ||||||
Specialty finance | 2,125 | 1,074 | 1,051 | 98 | |||||||||||
Wealth management | 19,044 | 16,115 | 2,929 | 18 | |||||||||||
Parent and inter-segment eliminations | (4,234 | ) | (3,156 | ) | (1,078 | ) | (34 | ) | |||||||
Total non-interest income | $ | 54,662 | $ | 62,945 | $ | (8,283 | ) | (13 | )% | ||||||
Net revenue: | |||||||||||||||
Community banking | $ | 171,105 | $ | 173,596 | $ | (2,491 | ) | (1 | )% | ||||||
Specialty finance | 34,867 | 33,256 | 1,611 | 5 | |||||||||||
Wealth management | 20,668 | 16,639 | 4,029 | 24 | |||||||||||
Parent and inter-segment eliminations | (30,196 | ) | (27,971 | ) | (2,225 | ) | (8 | ) | |||||||
Total net revenue | $ | 196,444 | $ | 195,520 | $ | 924 | — | % | |||||||
Segment profit: | |||||||||||||||
Community banking | $ | 36,279 | $ | 39,663 | $ | (3,384 | ) | (9 | )% | ||||||
Specialty finance | 14,826 | 12,967 | 1,859 | 14 | |||||||||||
Wealth management | 2,702 | 1,317 | 1,385 | NM | |||||||||||
Parent and inter-segment eliminations | (18,244 | ) | (21,645 | ) | 3,401 | 16 | |||||||||
Total segment profit | $ | 35,563 | $ | 32,302 | $ | 3,261 | 10 | % | |||||||
Segment assets: | |||||||||||||||
Community banking | $ | 17,375,033 | $ | 16,877,673 | $ | 497,360 | 3 | % | |||||||
Specialty finance | 4,222,537 | 3,796,745 | 425,792 | 11 | |||||||||||
Wealth management | 101,707 | 95,128 | 6,579 | 7 | |||||||||||
Parent and inter-segment eliminations | (4,016,729 | ) | (3,750,954 | ) | (265,775 | ) | (7 | ) | |||||||
Total segment assets | $ | 17,682,548 | $ | 17,018,592 | $ | 663,956 | 4 | % | |||||||
NM - Not Meaningful | |||||||||||||||
Nine months ended September 30, | $ Change in | % Change in | |||||||||||||
(Dollars in thousands) | 2013 | 2012 | Contribution | Contribution | |||||||||||
Net interest income: | |||||||||||||||
Community banking | $ | 384,327 | $ | 368,834 | $ | 15,493 | 4 | % | |||||||
Specialty finance | 95,292 | 88,462 | 6,830 | 8 | |||||||||||
Wealth management | 5,284 | 4,940 | 344 | 7 | |||||||||||
Parent and inter-segment eliminations | (76,584 | ) | (75,496 | ) | (1,088 | ) | (1 | ) | |||||||
Total net interest income | $ | 408,319 | $ | 386,740 | $ | 21,579 | 6 | % | |||||||
Non-interest income: | |||||||||||||||
Community banking | $ | 120,211 | $ | 117,717 | $ | 2,494 | 2 | % | |||||||
Specialty finance | 5,607 | 4,012 | 1,595 | 40 | |||||||||||
Wealth management | 55,971 | 47,316 | 8,655 | 18 | |||||||||||
Parent and inter-segment eliminations | (5,753 | ) | (8,142 | ) | 2,389 | 29 | |||||||||
Total non-interest income | $ | 176,036 | $ | 160,903 | $ | 15,133 | 9 | % | |||||||
Net revenue: | |||||||||||||||
Community banking | $ | 504,538 | $ | 486,551 | $ | 17,987 | 4 | % | |||||||
Specialty finance | 100,899 | 92,474 | 8,425 | 9 | |||||||||||
Wealth management | 61,255 | 52,256 | 8,999 | 17 | |||||||||||
Parent and inter-segment eliminations | (82,337 | ) | (83,638 | ) | 1,301 | 2 | |||||||||
Total net revenue | $ | 584,355 | $ | 547,643 | $ | 36,712 | 7 | % | |||||||
Segment profit: | |||||||||||||||
Community banking | $ | 104,153 | $ | 96,052 | $ | 8,101 | 8 | % | |||||||
Specialty finance | 42,438 | 36,401 | 6,037 | 17 | |||||||||||
Wealth management | 8,093 | 5,297 | 2,796 | 53 | |||||||||||
Parent and inter-segment eliminations | (52,762 | ) | (56,643 | ) | 3,881 | 7 | |||||||||
Total segment profit | $ | 101,922 | $ | 81,107 | $ | 20,815 | 26 | % | |||||||
Derivative_Financial_Instrumen
Derivative Financial Instruments | 9 Months Ended | |||||||||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||||||||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ' | |||||||||||||||||||||||||
Derivative Financial Instruments | ' | |||||||||||||||||||||||||
Derivative Financial Instruments | ||||||||||||||||||||||||||
The Company primarily enters into derivative financial instruments as part of its strategy to manage its exposure to changes in interest rates. Derivative instruments represent contracts between parties that result in one party delivering cash to the other party based on a notional amount and an underlying (such as a rate, security price or price index) as specified in the contract. The amount of cash delivered from one party to the other is determined based on the interaction of the notional amount of the contract with the underlying. Derivatives are also implicit in certain contracts and commitments. | ||||||||||||||||||||||||||
The derivative financial instruments currently used by the Company to manage its exposure to interest rate risk include: (1) interest rate swaps and caps to manage the interest rate risk of certain fixed and variable rate assets and variable rate liabilities; (2) interest rate lock commitments provided to customers to fund certain mortgage loans to be sold into the secondary market; (3) forward commitments for the future delivery of such mortgage loans to protect the Company from adverse changes in interest rates and corresponding changes in the value of mortgage loans available-for-sale; and (4) covered call options related to specific investment securities to enhance the overall yield on such securities. The Company also enters into derivatives (typically interest rate swaps) with certain qualified borrowers to facilitate the borrowers’ risk management strategies and concurrently enters into mirror-image derivatives with a third party counterparty, effectively making a market in the derivatives for such borrowers. Additionally, the Company enters into foreign currency contracts to manage foreign exchange risk associated with certain foreign currency denominated assets. | ||||||||||||||||||||||||||
As discussed within "The Current Economic Environment" section of Item 2 Management's Discussion and Analysis of Financial Condition and Results of Operations, the Company has purchased interest rate cap derivatives to hedge or manage its own risk exposures. Certain interest rate cap derivatives have been designated as cash flow hedge derivatives of the variable cash outflows associated with interest expense on the Company’s junior subordinated debentures. Other cap derivatives are not designated for hedge accounting but are economic hedges of the Company's overall portfolio, therefore any mark to market changes in the value of these caps are recognized in earnings. | ||||||||||||||||||||||||||
Below is a summary of the interest rate cap derivatives held by the Company as of September 30, 2013: | ||||||||||||||||||||||||||
(Dollars in thousands) | ||||||||||||||||||||||||||
Notional | Accounting | Fair Value as of | ||||||||||||||||||||||||
Effective Date | Maturity Date | Amount | Treatment | 30-Sep-13 | ||||||||||||||||||||||
30-Sep-11 | 30-Sep-14 | $ | 20,000 | Cash Flow Hedging | $ | — | ||||||||||||||||||||
30-Sep-11 | 30-Sep-14 | 40,000 | Cash Flow Hedging | — | ||||||||||||||||||||||
3-May-12 | 3-May-15 | 77,000 | Non-Hedge Designated | 17 | ||||||||||||||||||||||
3-May-12 | 3-May-16 | 215,000 | Non-Hedge Designated | 685 | ||||||||||||||||||||||
1-Jun-12 | 1-Apr-15 | 96,530 | Non-Hedge Designated | 20 | ||||||||||||||||||||||
29-Aug-12 | 29-Aug-16 | 216,500 | Non-Hedge Designated | 1,117 | ||||||||||||||||||||||
22-Feb-13 | 22-Aug-16 | 100,000 | Non-Hedge Designated | 602 | ||||||||||||||||||||||
21-Mar-13 | 21-Mar-17 | 100,000 | Non-Hedge Designated | 1,199 | ||||||||||||||||||||||
16-May-13 | 16-Nov-16 | 75,000 | Non-Hedge Designated | 607 | ||||||||||||||||||||||
15-Sep-13 | 15-Sep-17 | 50,000 | Cash Flow Hedging | 951 | ||||||||||||||||||||||
30-Sep-13 | 30-Sep-17 | 40,000 | Cash Flow Hedging | 787 | ||||||||||||||||||||||
$ | 1,030,030 | $ | 5,985 | |||||||||||||||||||||||
As required by ASC 815, the Company recognizes derivative financial instruments in the consolidated financial statements at fair value regardless of the purpose or intent for holding the instrument. Derivative financial instruments are included in other assets or other liabilities, as appropriate, on the Consolidated Statements of Condition. Changes in the fair value of derivative financial instruments are either recognized in income or in shareholders’ equity as a component of other comprehensive income depending on whether the derivative financial instrument qualifies for hedge accounting and, if so, whether it qualifies as a fair value hedge or cash flow hedge. Generally, changes in fair values of derivatives accounted for as fair value hedges are recorded in income in the same period and in the same income statement line as changes in the fair values of the hedged items that relate to the hedged risk(s). Changes in fair values of derivative financial instruments accounted for as cash flow hedges, to the extent they are effective hedges, are recorded as a component of other comprehensive income, net of deferred taxes, and reclassified to earnings when the hedged transaction affects earnings. Changes in fair values of derivative financial instruments not designated in a hedging relationship pursuant to ASC 815, including changes in fair value related to the ineffective portion of cash flow hedges, are reported in non-interest income during the period of the change. Derivative financial instruments are valued by a third party and are corroborated by comparison with valuations provided by the respective counterparties. Fair values of certain mortgage banking derivatives (interest rate lock commitments and forward commitments to sell mortgage loans on a best efforts basis) are estimated based on changes in mortgage interest rates from the date of the loan commitment. The fair value of foreign currency derivatives is computed based on changes in foreign currency rates stated in the contract compared to those prevailing at the measurement date. | ||||||||||||||||||||||||||
The Company records derivative assets and derivative liabilities on the Consolidated Statements of Condition within accrued interest receivable and other assets and accrued interest payable and other liabilities, respectively. The table below presents the fair value of the Company’s derivative financial instruments as of September 30, 2013, December 31, 2012 and September 30, 2012: | ||||||||||||||||||||||||||
Derivative Assets | Derivative Liabilities | |||||||||||||||||||||||||
Fair Value | Fair Value | |||||||||||||||||||||||||
(Dollars in thousands) | 30-Sep-13 | 31-Dec-12 | 30-Sep-12 | 30-Sep-13 | 31-Dec-12 | 30-Sep-12 | ||||||||||||||||||||
Derivatives designated as hedging instruments under ASC 815: | ||||||||||||||||||||||||||
Interest rate derivatives designated as Cash Flow Hedges | $ | 1,738 | $ | 2 | $ | 6 | $ | 3,444 | $ | 7,988 | $ | 9,491 | ||||||||||||||
Interest rate derivatives designated as Fair Value Hedges | $ | 82 | $ | 104 | $ | 153 | $ | 2 | $ | — | $ | — | ||||||||||||||
Total derivatives designated as hedging instruments under ASC 815 | $ | 1,820 | $ | 106 | $ | 159 | $ | 3,446 | $ | 7,988 | $ | 9,491 | ||||||||||||||
Derivatives not designated as hedging instruments under ASC 815: | ||||||||||||||||||||||||||
Interest rate derivatives | 40,125 | 47,440 | 50,190 | 35,358 | 45,767 | 48,517 | ||||||||||||||||||||
Interest rate lock commitments | 15,599 | 6,069 | 15,614 | 5,097 | 937 | 10,392 | ||||||||||||||||||||
Forward commitments to sell mortgage loans | 23 | 277 | 16 | 5,373 | 3,057 | 11,568 | ||||||||||||||||||||
Foreign exchange contracts | 6 | 14 | 11 | 26 | 2 | 9 | ||||||||||||||||||||
Total derivatives not designated as hedging instruments under ASC 815 | $ | 55,753 | $ | 53,800 | $ | 65,831 | $ | 45,854 | $ | 49,763 | $ | 70,486 | ||||||||||||||
Total derivatives | $ | 57,573 | $ | 53,906 | $ | 65,990 | $ | 49,300 | $ | 57,751 | $ | 79,977 | ||||||||||||||
Cash Flow Hedges of Interest Rate Risk | ||||||||||||||||||||||||||
The Company’s objectives in using interest rate derivatives are to add stability to net interest income and to manage its exposure to interest rate movements. To accomplish these objectives, the Company primarily uses interest rate swaps and interest rate caps as part of its interest rate risk management strategy. Interest rate swaps designated as cash flow hedges involve the receipt of variable-rate amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without the exchange of the underlying notional amount. Interest rate caps designated as cash flow hedges involve the receipt of payments at the end of each period in which the interest rate specified in the contract exceeds the agreed upon strike price. During the second quarter of 2013, the Company purchased two interest rate caps effective in September 2013 to replace interest rate swaps designated as cash flow hedges that matured in September 2013. As of September 30, 2013, the Company had two interest rate swaps and four interest rate caps with an aggregate notional amount of $225 million that were designated as cash flow hedges of interest rate risk. | ||||||||||||||||||||||||||
The table below provides details on each of these cash flow hedges as of September 30, 2013: | ||||||||||||||||||||||||||
30-Sep-13 | ||||||||||||||||||||||||||
(Dollars in thousands) | Notional | Fair Value | ||||||||||||||||||||||||
Maturity Date | Amount | Asset (Liability) | ||||||||||||||||||||||||
Interest Rate Swaps: | ||||||||||||||||||||||||||
Sep-16 | 50,000 | (2,269 | ) | |||||||||||||||||||||||
Oct-16 | 25,000 | (1,175 | ) | |||||||||||||||||||||||
Total Interest Rate Swaps | 75,000 | (3,444 | ) | |||||||||||||||||||||||
Interest Rate Caps: | ||||||||||||||||||||||||||
Sep-14 | 20,000 | — | ||||||||||||||||||||||||
Sep-14 | 40,000 | — | ||||||||||||||||||||||||
Sep-17 | 50,000 | 951 | ||||||||||||||||||||||||
Sep-17 | 40,000 | 787 | ||||||||||||||||||||||||
Total Interest Rate Caps | 150,000 | 1,738 | ||||||||||||||||||||||||
Total Cash Flow Hedges | $ | 225,000 | $ | (1,706 | ) | |||||||||||||||||||||
Since entering into these interest rate derivatives, the Company has used them to hedge the variable cash outflows associated with interest expense on the Company’s junior subordinated debentures. The effective portion of changes in the fair value of these cash flow hedges is recorded in accumulated other comprehensive income and is subsequently reclassified to interest expense as interest payments are made on the Company’s variable rate junior subordinated debentures. The changes in fair value (net of tax) are separately disclosed in the Consolidated Statements of Comprehensive Income. The ineffective portion of the change in fair value of these derivatives is recognized directly in earnings; however, no hedge ineffectiveness was recognized during the nine months ended September 30, 2013 or September 30, 2012. The Company uses the hypothetical derivative method to assess and measure effectiveness. | ||||||||||||||||||||||||||
A rollforward of the amounts in accumulated other comprehensive income related to interest rate derivatives designated as cash flow hedges follows: | ||||||||||||||||||||||||||
Three months ended September 30, | Nine months ended September 30, | |||||||||||||||||||||||||
(Dollars in thousands) | 2013 | 2012 | 2013 | 2012 | ||||||||||||||||||||||
Unrealized loss at beginning of period | $ | (5,030 | ) | $ | (9,901 | ) | $ | (8,673 | ) | $ | (11,633 | ) | ||||||||||||||
Amount reclassified from accumulated other comprehensive income to interest expense on junior subordinated debentures | 1,507 | 1,471 | 4,629 | 4,324 | ||||||||||||||||||||||
Amount of loss recognized in other comprehensive income | (859 | ) | (1,764 | ) | (338 | ) | (2,885 | ) | ||||||||||||||||||
Unrealized loss at end of period | $ | (4,382 | ) | $ | (10,194 | ) | $ | (4,382 | ) | $ | (10,194 | ) | ||||||||||||||
As of September 30, 2013, the Company estimates that during the next twelve months, $2.0 million will be reclassified from accumulated other comprehensive income as an increase to interest expense. | ||||||||||||||||||||||||||
Fair Value Hedges of Interest Rate Risk | ||||||||||||||||||||||||||
Interest rate swaps designated as fair value hedges involve the payment of fixed amounts to a counterparty in exchange for the Company receiving variable payments over the life of the agreements without the exchange of the underlying notional amount. As of September 30, 2013, the Company has three interest rate swaps with an aggregate notional amount of 6.3 million that were designated as fair value hedges associated with fixed rate commercial franchise loans. | ||||||||||||||||||||||||||
For derivatives designated and that qualify as fair value hedges, the gain or loss on the derivative as well as the offsetting loss or gain on the hedged item attributable to the hedged risk are recognized in earnings. The Company includes the gain or loss on the hedged item in the same line item as the offsetting loss or gain on the related derivatives. The Company did not recognize any net gains related to hedge ineffectiveness during the current quarter and has recognized net gains of $9,000 in other income related to hedge ineffectiveness for the nine months ended September 30, 2013. The Company also recognized net decreases in interest income of $10,000 and $17,000 for the respective three and nine month periods ended September 30, 2013 related to net settlements on the derivatives. | ||||||||||||||||||||||||||
On June 1, 2013, the Company de-designated a $96.5 million cap which was previously designated as a fair value hedge of interest rate risk associated with an embedded cap in one of the Company’s floating rate loans. The hedged loan was restructured which resulted in the interest rate cap no longer qualifying as an effective fair value hedge. As such, the interest rate cap derivative is no longer accounted for under hedge accounting and all changes in value subsequent to June 1, 2013 are recorded in earnings. Additionally, in the three and nine month periods ended September 30, 2013 the Company recorded amortization of the basis in the previously hedged item as a reduction to interest income of $43,000 and $149,000, respectively. | ||||||||||||||||||||||||||
The following table presents the gain/(loss) and hedge ineffectiveness recognized on derivative instruments and the related hedged items that are designated as a fair value hedge accounting relationship as of September 30, 2013 and 2012: | ||||||||||||||||||||||||||
(Dollars in thousands) | Location of Gain or (Loss) | Amount of Gain or (Loss) Recognized | Amount of Gain or (Loss) Recognized | Income Statement Gain/ | ||||||||||||||||||||||
Recognized in Income on | in Income on Derivative | in Income on Hedged Item | (Loss) due to Hedge | |||||||||||||||||||||||
Derivative | Three Months Ended September 30, | Three Months Ended September 30, | Ineffectiveness | |||||||||||||||||||||||
Three Months Ended | ||||||||||||||||||||||||||
Derivatives in Fair Value | September 30, | |||||||||||||||||||||||||
Hedging Relationships | 2013 | 2012 | 2013 | 2012 | 2013 | 2012 | ||||||||||||||||||||
Interest rate products | Other income | $ | (14 | ) | $ | (229 | ) | $ | 14 | $ | 266 | $ | — | $ | 37 | |||||||||||
(Dollars in thousands) | Location of Gain or (Loss) | Amount of Gain or (Loss) Recognized | Amount of Gain or (Loss) Recognized | Income Statement Gain/ | ||||||||||||||||||||||
Recognized in Income on | in Income on Derivative | in Income on Hedged Item | (Loss) due to Hedge | |||||||||||||||||||||||
Derivative | Nine Months Ended September 30, | Nine Months Ended September 30, | Ineffectiveness | |||||||||||||||||||||||
Nine Months Ended | ||||||||||||||||||||||||||
Derivatives in Fair Value | September 30, | |||||||||||||||||||||||||
Hedging Relationships | 2013 | 2012 | 2013 | 2012 | 2013 | 2012 | ||||||||||||||||||||
Interest rate products | Other income | $ | 42 | $ | (432 | ) | $ | (33 | ) | $ | 482 | $ | 9 | $ | 50 | |||||||||||
Non-Designated Hedges | ||||||||||||||||||||||||||
The Company does not use derivatives for speculative purposes. Derivatives not designated as hedges are used to manage the Company’s exposure to interest rate movements and other identified risks but do not meet the strict hedge accounting requirements of ASC 815. Changes in the fair value of derivatives not designated in hedging relationships are recorded directly in earnings. | ||||||||||||||||||||||||||
Interest Rate Derivatives—The Company has interest rate derivatives, including swaps and option products, resulting from a service the Company provides to certain qualified borrowers. The Company’s banking subsidiaries execute certain derivative products (typically interest rate swaps) directly with qualified commercial borrowers to facilitate their respective risk management strategies. For example, these arrangements allow the Company’s commercial borrowers to effectively convert a variable rate loan to a fixed rate. In order to minimize the Company’s exposure on these transactions, the Company simultaneously executes offsetting derivatives with third parties. In most cases, the offsetting derivatives have mirror-image terms, which result in the positions’ changes in fair value substantially offsetting through earnings each period. However, to the extent that the derivatives are not a mirror-image and because of differences in counterparty credit risk, changes in fair value will not completely offset resulting in some earnings impact each period. Changes in the fair value of these derivatives are included in other non-interest income. At September 30, 2013, the Company had interest rate derivative transactions with an aggregate notional amount of approximately $2.7 billion (all interest rate swaps and caps with customers and third parties) related to this program. These interest rate derivatives had maturity dates ranging from October 2013 to January 2033. | ||||||||||||||||||||||||||
Mortgage Banking Derivatives—These derivatives include interest rate lock commitments provided to customers to fund certain mortgage loans to be sold into the secondary market and forward commitments for the future delivery of such loans. It is the Company’s practice to enter into forward commitments for the future delivery of a portion of our residential mortgage loan production when interest rate lock commitments are entered into in order to economically hedge the effect of future changes in interest rates on its commitments to fund the loans as well as on its portfolio of mortgage loans held-for-sale. The Company’s mortgage banking derivatives have not been designated as being in hedge relationships. At September 30, 2013, the Company had forward commitments to sell mortgage loans with an aggregate notional amount of approximately $653.1 million and interest rate lock commitments with an aggregate notional amount of approximately $323.3 million. Additionally, the Company’s total mortgage loans held-for-sale at September 30, 2013 was $334.3 million. The fair values of these derivatives were estimated based on changes in mortgage rates from the dates of the commitments. Changes in the fair value of these mortgage banking derivatives are included in mortgage banking revenue. | ||||||||||||||||||||||||||
Foreign Currency Derivatives—These derivatives include foreign currency contracts used to manage the foreign exchange risk associated with foreign currency denominated assets and transactions. Foreign currency contracts, which include spot and forward contracts, represent agreements to exchange the currency of one country for the currency of another country at an agreed-upon price on an agreed-upon settlement date. As a result of fluctuations in foreign currencies, the U.S. dollar-equivalent value of the foreign currency denominated assets or forecasted transactions increase or decrease. Gains or losses on the derivative instruments related to these foreign currency denominated assets or forecasted transactions are expected to substantially offset this variability. As of September 30, 2013 the Company held foreign currency derivatives with an aggregate notional amount of approximately $2.6 million. | ||||||||||||||||||||||||||
Other Derivatives—Periodically, the Company will sell options to a bank or dealer for the right to purchase certain securities held within the banks’ investment portfolios (covered call options). These option transactions are designed primarily to increase the total return associated with the investment securities portfolio. These options do not qualify as hedges pursuant to ASC 815, and, accordingly, changes in fair value of these contracts are recognized as other non-interest income. There were no covered call options outstanding as of September 30, 2013, December 31, 2012 or September 30, 2012. | ||||||||||||||||||||||||||
As discussed above, the Company has entered into interest rate cap derivatives to protect the Company in a rising rate environment against increased margin compression due to the repricing of variable rate liabilities and lack of repricing of fixed rate loans and/or securities. The Company entered into three interest rate cap derivative contracts in the second quarter of 2012 (one of which was initially designated as a fair value hedge), one interest rate cap derivative contract in the third quarter of 2012, two interest rate cap derivative contracts in the first quarter of 2013 and one interest rate cap derivative contract in the second quarter of 2013 (see summary earlier in the footnote). As of September 30, 2013, the seven interest rate cap derivative contracts, which are not designated in hedge relationships, have an aggregate notional value of $880.0 million. | ||||||||||||||||||||||||||
Amounts included in the Consolidated Statements of Income related to derivative instruments not designated in hedge relationships were as follows: | ||||||||||||||||||||||||||
Three Months Ended | Nine Months Ended | |||||||||||||||||||||||||
(Dollars in thousands) | September 30, | September 30, | ||||||||||||||||||||||||
Derivative | Location in income statement | 2013 | 2012 | 2013 | 2012 | |||||||||||||||||||||
Interest rate swaps and caps | Other income | $ | (1,738 | ) | $ | (1,025 | ) | $ | 1,182 | $ | (1,822 | ) | ||||||||||||||
Mortgage banking derivatives | Mortgage banking revenue | (6,644 | ) | (295 | ) | 4,352 | 2,068 | |||||||||||||||||||
Covered call options | Fees from covered call options | 285 | 2,083 | 2,917 | 8,320 | |||||||||||||||||||||
Foreign exchange contracts | Other income | 33 | 2 | (34 | ) | 59 | ||||||||||||||||||||
Credit Risk | ||||||||||||||||||||||||||
Derivative instruments have inherent risks, primarily market risk and credit risk. Market risk is associated with changes in interest rates and credit risk relates to the risk that the counterparty will fail to perform according to the terms of the agreement. The amounts potentially subject to market and credit risks are the streams of interest payments under the contracts and the market value of the derivative instrument and not the notional principal amounts used to express the volume of the transactions. Market and credit risks are managed and monitored as part of the Company's overall asset-liability management process, except that the credit risk related to derivatives entered into with certain qualified borrowers is managed through the Company's standard loan underwriting process since these derivatives are secured through collateral provided by the loan agreements. Actual exposures are monitored against various types of credit limits established to contain risk within parameters. When deemed necessary, appropriate types and amounts of collateral are obtained to minimize credit exposure. | ||||||||||||||||||||||||||
The Company has agreements with certain of its interest rate derivative counterparties that contain cross-default provisions, which provide that if the Company defaults on any of its indebtedness, including default where repayment of the indebtedness has not been accelerated by the lender, then the Company could also be declared in default on its derivative obligations. The Company also has agreements with certain of its derivative counterparties that contain a provision allowing the counterparty to terminate the derivative positions if the Company fails to maintain its status as a well or adequately capitalized institution, which would require the Company to settle its obligations under the agreements. As of September 30, 2013 the fair value of interest rate derivatives in a net liability position, which includes accrued interest related to these agreements, was $31.7 million. | ||||||||||||||||||||||||||
The Company's is also exposed to the credit risk of its commercial borrowers who are counterparties to interest rate derivatives with the banks. This counterparty risk related to the commercial borrowers is managed and monitored through the banks' standard underwriting process applicable to loans since these derivatives are secured through collateral provided by the loan agreement. The counterparty risk associated with the mirror-image swaps executed with third parties is monitored and managed in connection with the Company's overall asset liability management process. | ||||||||||||||||||||||||||
The Company records interest rate derivatives subject to master netting agreements at their gross value and does not offset derivative assets and liabilities on the Consolidated Statements of Condition. The tables below summarize the Company's interest rate derivatives and offsetting positions as of the dates shown. | ||||||||||||||||||||||||||
Derivative Assets | Derivative Liabilities | |||||||||||||||||||||||||
Fair Value | Fair Value | |||||||||||||||||||||||||
(Dollars in thousands) | 30-Sep-13 | 31-Dec-12 | 30-Sep-12 | 30-Sep-13 | 31-Dec-12 | 30-Sep-12 | ||||||||||||||||||||
Gross Amounts Recognized | $ | 41,945 | $ | 47,546 | $ | 50,349 | $ | 38,804 | $ | 53,755 | $ | 58,008 | ||||||||||||||
Less: Amounts offset in the Statements of Financial Condition | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||
Net amount presented in the Statements of Financial Condition | $ | 41,945 | $ | 47,546 | $ | 50,349 | $ | 38,804 | $ | 53,755 | $ | 58,008 | ||||||||||||||
Gross amounts not offset in the Statements of Financial Condition | ||||||||||||||||||||||||||
Offsetting Derivative Positions | (6,362 | ) | (339 | ) | (258 | ) | (6,362 | ) | (339 | ) | (258 | ) | ||||||||||||||
Securities Collateral Posted (1) | — | — | — | (28,620 | ) | (46,811 | ) | (48,735 | ) | |||||||||||||||||
Cash Collateral Posted | — | — | — | — | (6,605 | ) | (7,138 | ) | ||||||||||||||||||
Net Credit Exposure | $ | 35,583 | $ | 47,207 | $ | 50,091 | $ | 3,822 | $ | — | $ | 1,877 | ||||||||||||||
(1) As of December 31, 2012, the Company posted securities collateral of $49.9 million which resulted in excess collateral with its counterparties. For purposes of this disclosure, the amount of posted collateral is limited to the amount offsetting the derivative liability. |
Fair_Values_of_Assets_and_Liab
Fair Values of Assets and Liabilities | 9 Months Ended | |||||||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | |||||||||||||||||||||||
Fair Values of Assets and Liabilities | ' | |||||||||||||||||||||||
Fair Values of Assets and Liabilities | ||||||||||||||||||||||||
The Company measures, monitors and discloses certain of its assets and liabilities on a fair value basis. These financial assets and financial liabilities are measured at fair value in three levels, based on the markets in which the assets and liabilities are traded and the observability of the assumptions used to determine fair value. These levels are: | ||||||||||||||||||||||||
• | Level 1—unadjusted quoted prices in active markets for identical assets or liabilities. | |||||||||||||||||||||||
• | Level 2—inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These include quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability or inputs that are derived principally from or corroborated by observable market data by correlation or other means. | |||||||||||||||||||||||
• | Level 3—significant unobservable inputs that reflect the Company’s own assumptions that market participants would use in pricing the assets or liabilities. Level 3 assets and liabilities include financial instruments whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant management judgment or estimation. | |||||||||||||||||||||||
A financial instrument’s categorization within the above valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the assets or liabilities. Following is a description of the valuation methodologies used for the Company’s assets and liabilities measured at fair value on a recurring basis. | ||||||||||||||||||||||||
Available-for-sale and trading account securities—Fair values for available-for-sale and trading securities are typically based on prices obtained from independent pricing vendors. Securities measured with these valuation techniques are generally classified as Level 2 of the fair value hierarchy. Typically, standard inputs such as benchmark yields, reported trades for similar securities, issuer spreads, benchmark securities, bids, offers and reference data including market research publications are used to fair value a security. When these inputs are not available, broker/dealer quotes may be obtained by the vendor to determine the fair value of the security. We review the vendor’s pricing methodologies to determine if observable market information is being used, versus unobservable inputs. Fair value measurements using significant inputs that are unobservable in the market due to limited activity or a less liquid market are classified as Level 3 in the fair value hierarchy. | ||||||||||||||||||||||||
The Company’s Investment Operations Department is responsible for the valuation of Level 3 available-for-sale securities. The methodology and variables used as inputs in pricing Level 3 securities are derived from a combination of observable and unobservable inputs. The unobservable inputs are determined through internal assumptions that may vary from period to period due to external factors, such as market movement and credit rating adjustments. | ||||||||||||||||||||||||
At September 30, 2013, the Company classified $32.7 million of municipal securities as Level 3. These municipal securities are bond issues for various municipal government entities, including park districts, located in the Chicago metropolitan area and southeastern Wisconsin and are privately placed, non-rated bonds without CUSIP numbers. The Company’s methodology for pricing the non-rated bonds focuses on three distinct inputs: equivalent rating, yield and other pricing terms. To determine the rating for a given non-rated municipal bond, the Investment Operations Department references a publicly issued bond by the same issuer if available. A reduction is then applied to the rating obtained from the comparable bond, as the Company believes if liquidated, a non-rated bond would be valued less than a similar bond with a verifiable rating. The reduction applied by the Company is one complete rating grade (i.e. a “AA” rating for a comparable bond would be reduced to “A” for the Company’s valuation). In the third quarter of 2013, all of the ratings derived in the above process by Investment Operations were BBB or better, for both bonds with and without comparable bond proxies. The fair value measurement of municipal bonds is sensitive to the rating input, as a higher rating typically results in an increased valuation. The remaining pricing inputs used in the bond valuation are observable. Based on the rating determined in the above process, Investment Operations obtains a corresponding current market yield curve available to market participants. Other terms including coupon, maturity date, redemption price, number of coupon payments per year, and accrual method are obtained from the individual bond term sheets. Certain municipal bonds held by the Company at September 30, 2013 have a call date that has passed, and are now continuously callable. When valuing these bonds, the fair value is capped at par value as the Company assumes a market participant would not pay more than par for a continuously callable bond. | ||||||||||||||||||||||||
At September 30, 2013, the Company held $20.4 million of other equity securities classified as Level 3. The securities in Level 3 are primarily comprised of auction rate preferred securities. The Company utilizes an independent pricing vendor to provide a fair market valuation of these securities. The vendor’s valuation methodology includes modeling the contractual cash flows of the underlying preferred securities and applying a discount to these cash flows by a credit spread derived from the market price of the securities underlying debt. At September 30, 2013, the vendor considered five different securities whose implied credit spreads were believed to provide a proxy for the Company’s auction rate preferred securities. The credit spreads ranged from 1.83%-2.71% with an average of 2.28% which was added to three-month LIBOR to be used as the discount rate input to the vendor’s model. Fair value of the securities is sensitive to the discount rate utilized as a higher discount rate results in a decreased fair value measurement. | ||||||||||||||||||||||||
Mortgage loans held-for-sale—Mortgage loans originated by Wintrust Mortgage, a division of Barrington Bank ("Wintrust Mortgage"), are carried at fair value. The fair value of mortgage loans held-for-sale is determined by reference to investor price sheets for loan products with similar characteristics. | ||||||||||||||||||||||||
Mortgage servicing rights—Fair value for mortgage servicing rights is determined utilizing a third party valuation model which stratifies the servicing rights into pools based on product type and interest rate. The fair value of each servicing rights pool is calculated based on the present value of estimated future cash flows using a discount rate commensurate with the risk associated with that pool, given current market conditions. At September 30, 2013, the Company classified $8.6 million of mortgage servicing rights as Level 3. The weighted average discount rate used as an input to value the pool of mortgage servicing rights at September 30, 2013 was 10.17% with discount rates applied ranging from 10.0%-13.5%. The higher the rate utilized to discount estimated future cash flows, the lower the fair value measurement. Additionally, fair value estimates include assumptions about prepayment speeds which ranged from 11%-17% or a weighted average prepayment speed of 13.55% used as an input to value the pool of mortgage servicing rights at September 30, 2013. Prepayment speeds are inversely related to the fair value of mortgage servicing rights as an increase in prepayment speeds results in a decreased valuation. | ||||||||||||||||||||||||
Derivative instruments—The Company’s derivative instruments include interest rate swaps and caps, commitments to fund mortgages for sale into the secondary market (interest rate locks), forward commitments to end investors for the sale of mortgage loans and foreign currency contracts. Interest rate swaps and caps are valued by a third party, using models that primarily use market observable inputs, such as yield curves, and are corroborated by comparison with valuations provided by the respective counterparties. The fair value for mortgage derivatives is based on changes in mortgage rates from the date of the commitments. The fair value of foreign currency derivatives is computed based on change in foreign currency rates stated in the contract compared to those prevailing at the measurement date. In conjunction with the FASB’s fair value measurement guidance, the Company made an accounting policy election in the first quarter of 2012 to measure the credit risk of its derivative financial instruments that are subject to master netting agreements on a net basis by counterparty portfolio. | ||||||||||||||||||||||||
Nonqualified deferred compensation assets—The underlying assets relating to the nonqualified deferred compensation plan are included in a trust and primarily consist of non-exchange traded institutional funds which are priced based by an independent third party service. | ||||||||||||||||||||||||
The following tables present the balances of assets and liabilities measured at fair value on a recurring basis for the periods presented: | ||||||||||||||||||||||||
September 30, 2013 | ||||||||||||||||||||||||
(Dollars in thousands) | Total | Level 1 | Level 2 | Level 3 | ||||||||||||||||||||
Available-for-sale securities | ||||||||||||||||||||||||
U.S. Treasury | $ | 210,902 | $ | — | $ | 210,902 | $ | — | ||||||||||||||||
U.S. Government agencies | 912,689 | — | 912,689 | — | ||||||||||||||||||||
Municipal | 150,647 | — | 117,959 | 32,688 | ||||||||||||||||||||
Corporate notes and other | 139,181 | — | 139,181 | — | ||||||||||||||||||||
Mortgage-backed | 319,193 | — | 319,193 | — | ||||||||||||||||||||
Equity securities | 49,271 | — | 28,829 | 20,442 | ||||||||||||||||||||
Trading account securities | 259 | — | 259 | — | ||||||||||||||||||||
Mortgage loans held-for-sale | 329,186 | — | 329,186 | — | ||||||||||||||||||||
Mortgage servicing rights | 8,608 | — | — | 8,608 | ||||||||||||||||||||
Nonqualified deferred compensations assets | 6,801 | — | 6,801 | — | ||||||||||||||||||||
Derivative assets | 57,573 | — | 57,573 | — | ||||||||||||||||||||
Total | $ | 2,184,310 | $ | — | $ | 2,122,572 | $ | 61,738 | ||||||||||||||||
Derivative liabilities | $ | 49,300 | $ | — | $ | 49,300 | $ | — | ||||||||||||||||
31-Dec-12 | ||||||||||||||||||||||||
(Dollars in thousands) | Total | Level 1 | Level 2 | Level 3 | ||||||||||||||||||||
Available-for-sale securities | ||||||||||||||||||||||||
U.S. Treasury | $ | 219,487 | $ | — | $ | 219,487 | $ | — | ||||||||||||||||
U.S. Government agencies | 990,039 | — | 990,039 | — | ||||||||||||||||||||
Municipal | 110,471 | — | 79,701 | 30,770 | ||||||||||||||||||||
Corporate notes and other | 154,806 | — | 154,806 | — | ||||||||||||||||||||
Mortgage-backed | 271,574 | — | 271,574 | — | ||||||||||||||||||||
Equity securities | 49,699 | — | 27,530 | 22,169 | ||||||||||||||||||||
Trading account securities | 583 | — | 583 | — | ||||||||||||||||||||
Mortgage loans held-for-sale | 385,033 | — | 385,033 | — | ||||||||||||||||||||
Mortgage servicing rights | 6,750 | — | — | 6,750 | ||||||||||||||||||||
Nonqualified deferred compensations assets | 5,532 | — | 5,532 | — | ||||||||||||||||||||
Derivative assets | 53,906 | — | 53,906 | — | ||||||||||||||||||||
Total | $ | 2,247,880 | $ | — | $ | 2,188,191 | $ | 59,689 | ||||||||||||||||
Derivative liabilities | $ | 57,751 | $ | — | $ | 57,751 | $ | — | ||||||||||||||||
30-Sep-12 | ||||||||||||||||||||||||
(Dollars in thousands) | Total | Level 1 | Level 2 | Level 3 | ||||||||||||||||||||
Available-for-sale securities | ||||||||||||||||||||||||
U.S. Treasury | $ | 25,256 | $ | — | $ | 25,256 | $ | — | ||||||||||||||||
U.S. Government agencies | 628,184 | — | 628,184 | — | ||||||||||||||||||||
Municipal | 99,384 | — | 63,629 | 35,755 | ||||||||||||||||||||
Corporate notes and other | 156,989 | — | 156,989 | — | ||||||||||||||||||||
Mortgage-backed | 306,238 | — | 306,238 | — | ||||||||||||||||||||
Equity securities | 40,717 | — | 18,462 | 22,255 | ||||||||||||||||||||
Trading account securities | 635 | — | 635 | — | ||||||||||||||||||||
Mortgage loans held-for-sale | 548,300 | — | 548,300 | — | ||||||||||||||||||||
Mortgage servicing rights | 6,276 | — | — | 6,276 | ||||||||||||||||||||
Nonqualified deferred compensations assets | 5,438 | — | 5,438 | — | ||||||||||||||||||||
Derivative assets | 65,990 | — | 65,990 | — | ||||||||||||||||||||
Total | $ | 1,883,407 | $ | — | $ | 1,819,121 | $ | 64,286 | ||||||||||||||||
Derivative liabilities | $ | 79,977 | $ | — | $ | 79,977 | $ | — | ||||||||||||||||
The aggregate remaining contractual principal balance outstanding as of September 30, 2013, December 31, 2012 and September 30, 2012 for mortgage loans held-for-sale measured at fair value under ASC 825 was $310.3 million, $379.5 million and $537.2 million, respectively, while the aggregate fair value of mortgage loans held-for-sale was $329.2 million, $385.0 million and $548.3 million, for the same respective periods, as shown in the above tables. There were no nonaccrual loans or loans past due greater than 90 days and still accruing in the mortgage loans held-for-sale portfolio measured at fair value as of September 30, 2013, December 31, 2012 and September 30, 2012. | ||||||||||||||||||||||||
The changes in Level 3 assets measured at fair value on a recurring basis during the three and nine months ended September 30, 2013 and 2012 are summarized as follows: | ||||||||||||||||||||||||
Equity securities | Mortgage | |||||||||||||||||||||||
(Dollars in thousands) | Municipal | servicing rights | ||||||||||||||||||||||
Balance at June 30, 2013 | $ | 32,432 | $ | 22,428 | $ | 8,636 | ||||||||||||||||||
Total net gains (losses) included in: | ||||||||||||||||||||||||
Net loss (1) | — | — | (28 | ) | ||||||||||||||||||||
Other comprehensive loss | (2 | ) | (1,986 | ) | — | |||||||||||||||||||
Purchases | 6,225 | — | — | |||||||||||||||||||||
Issuances | — | — | — | |||||||||||||||||||||
Sales | — | — | — | |||||||||||||||||||||
Settlements | (5,967 | ) | — | — | ||||||||||||||||||||
Net transfers into/(out of) Level 3 | — | — | — | |||||||||||||||||||||
Balance at September 30, 2013 | $ | 32,688 | $ | 20,442 | $ | 8,608 | ||||||||||||||||||
-1 | Changes in the balance of mortgage servicing rights are recorded as a component of mortgage banking revenue in non-interest income. | |||||||||||||||||||||||
Equity securities | Mortgage | |||||||||||||||||||||||
(Dollars in thousands) | Municipal | servicing rights | ||||||||||||||||||||||
Balance at January 1, 2013 | $ | 30,770 | $ | 22,169 | $ | 6,750 | ||||||||||||||||||
Total net gains (losses) included in: | ||||||||||||||||||||||||
Net income (1) | — | — | 1,858 | |||||||||||||||||||||
Other comprehensive loss | (316 | ) | (1,727 | ) | — | |||||||||||||||||||
Purchases | 8,572 | — | — | |||||||||||||||||||||
Issuances | — | — | — | |||||||||||||||||||||
Sales | — | — | — | |||||||||||||||||||||
Settlements | (6,338 | ) | — | — | ||||||||||||||||||||
Net transfers into/(out of) Level 3 | — | — | — | |||||||||||||||||||||
Balance at September 30, 2013 | $ | 32,688 | $ | 20,442 | $ | 8,608 | ||||||||||||||||||
-1 | Changes in the balance of mortgage servicing rights are recorded as a component of mortgage banking revenue in non-interest income. | |||||||||||||||||||||||
Equity securities | Mortgage | |||||||||||||||||||||||
(Dollars in thousands) | Municipal | servicing rights | ||||||||||||||||||||||
Balance at June 30, 2012 | $ | 25,537 | $ | 20,218 | $ | 6,647 | ||||||||||||||||||
Total net gains (losses) included in: | ||||||||||||||||||||||||
Net loss (1) | — | — | (371 | ) | ||||||||||||||||||||
Other comprehensive income | 14 | 2,037 | — | |||||||||||||||||||||
Purchases | 10,204 | — | — | |||||||||||||||||||||
Issuances | — | — | — | |||||||||||||||||||||
Sales | — | — | — | |||||||||||||||||||||
Settlements | — | — | — | |||||||||||||||||||||
Net transfers into/(out of) Level 3 | — | — | — | |||||||||||||||||||||
Balance at September 30, 2012 | $ | 35,755 | $ | 22,255 | $ | 6,276 | ||||||||||||||||||
-1 | Changes in the balance of mortgage servicing rights are recorded as a component of mortgage banking revenue in non-interest income. | |||||||||||||||||||||||
Equity securities | Mortgage | |||||||||||||||||||||||
(Dollars in thousands) | Municipal | servicing rights | ||||||||||||||||||||||
Balance at January 1, 2012 | $ | 24,211 | $ | 18,971 | $ | 6,700 | ||||||||||||||||||
Total net gains (losses) included in: | ||||||||||||||||||||||||
Net loss (1) | — | — | (424 | ) | ||||||||||||||||||||
Other comprehensive income | 50 | 3,284 | — | |||||||||||||||||||||
Purchases | 14,044 | — | — | |||||||||||||||||||||
Issuances | — | — | — | |||||||||||||||||||||
Sales | — | — | — | |||||||||||||||||||||
Settlements | (148 | ) | — | — | ||||||||||||||||||||
Net transfers out of Level 3 (2) | (2,402 | ) | — | — | ||||||||||||||||||||
Balance at September 30, 2012 | $ | 35,755 | $ | 22,255 | $ | 6,276 | ||||||||||||||||||
-1 | Changes in the balance of mortgage servicing rights are recorded as a component of mortgage banking revenue in non-interest income. | |||||||||||||||||||||||
-2 | During the first quarter of 2012, one municipal security was transferred out of Level 3 into Level 2 as observable market information was available that market participants would use in pricing these securities. Transfers out of Level 3 are recognized at the end of the reporting period. | |||||||||||||||||||||||
Also, the Company may be required, from time to time, to measure certain other financial assets at fair value on a nonrecurring basis in accordance with GAAP. These adjustments to fair value usually result from application of lower of cost or market accounting or impairment charges of individual assets. For assets measured at fair value on a nonrecurring basis that were still held in the balance sheet at the end of the period, the following table provides the carrying value of the related individual assets or portfolios at September 30, 2013. | ||||||||||||||||||||||||
September 30, 2013 | Three Months | Nine Months | ||||||||||||||||||||||
Ended September 30, 2013 | Ended | |||||||||||||||||||||||
Fair Value Losses Recognized | September 30, | |||||||||||||||||||||||
2013 | ||||||||||||||||||||||||
Fair Value | ||||||||||||||||||||||||
Losses | ||||||||||||||||||||||||
(Dollars in thousands) | Total | Level 1 | Level 2 | Level 3 | Recognized | |||||||||||||||||||
Impaired loans—collateral based | $ | 97,093 | $ | — | $ | — | $ | 97,093 | $ | 8,380 | $ | 24,430 | ||||||||||||
Other real estate owned, including covered other real estate owned (1) | 142,287 | — | — | 142,287 | 2,269 | 8,403 | ||||||||||||||||||
Mortgage loans held-for-sale, at lower of cost or market | 5,159 | — | 5,159 | — | — | — | ||||||||||||||||||
Total | $ | 244,539 | $ | — | $ | 5,159 | $ | 239,380 | $ | 10,649 | $ | 32,833 | ||||||||||||
-1 | Fair value losses recognized on other real estate owned include valuation adjustments and charge-offs during the respective period. | |||||||||||||||||||||||
Impaired loans—A loan is considered to be impaired when, based on current information and events, it is probable that the Company will be unable to collect all amounts due pursuant to the contractual terms of the loan agreement. A loan restructured in a troubled debt restructuring is an impaired loan according to applicable accounting guidance. Impairment is measured by estimating the fair value of the loan based on the present value of expected cash flows, the market price of the loan, or the fair value of the underlying collateral. Impaired loans are considered a fair value measurement where an allowance is established based on the fair value of collateral. Appraised values, which may require adjustments to market-based valuation inputs, are generally used on real estate collateral-dependent impaired loans. | ||||||||||||||||||||||||
The Company’s Managed Assets Division is primarily responsible for the valuation of Level 3 measurements of impaired loans. For more information on the Managed Assets Division review of impaired loans refer to Note 7 – Allowance for Loan Losses, Allowance for Losses on Lending-Related Commitments and Impaired Loans. At September 30, 2013, the Company had $176.3 million of impaired loans classified as Level 3. Of the $176.3 million of impaired loans, $97.1 million were measured at fair value based on the underlying collateral of the loan as shown in the table above. The remaining $79.2 million were valued based on discounted cash flows in accordance with ASC 310. | ||||||||||||||||||||||||
Other real estate owned (including covered other real estate owned)—Other real estate owned is comprised of real estate acquired in partial or full satisfaction of loans and is included in other assets. Other real estate owned is recorded at its estimated fair value less estimated selling costs at the date of transfer, with any excess of the related loan balance over the fair value less expected selling costs charged to the allowance for loan losses. Subsequent changes in value are reported as adjustments to the carrying amount and are recorded in other non-interest expense. Gains and losses upon sale, if any, are also charged to other non-interest expense. Fair value is generally based on third party appraisals and internal estimates and is therefore considered a Level 3 valuation. | ||||||||||||||||||||||||
The Company’s Managed Assets and Purchased Assets Divisions are primarily responsible for the valuation of Level 3 measurements for non-covered other real estate owned and covered other real estate owned, respectively. At September 30, 2013, the Company had $142.3 million of other real estate owned classified as Level 3. The unobservable input applied to other real estate owned relates to the valuation adjustment determined by the Company’s appraisals. The impairment adjustments applied to other real estate owned range from 0%-48% of the carrying value prior to impairment adjustments at September 30, 2013, with a weighted average input of 1.87%. An increased impairment adjustment applied to the carrying value results in a decreased valuation. | ||||||||||||||||||||||||
Mortgage loans held-for-sale, at lower of cost or market—Fair value is based on either quoted prices for the same or similar loans, or values obtained from third parties, or is estimated for portfolios of loans with similar financial characteristics and is therefore considered a Level 2 valuation. | ||||||||||||||||||||||||
The valuation techniques and significant unobservable inputs used to measure both recurring and non-recurring Level 3 fair value measurements at September 30, 2013 were as follows: | ||||||||||||||||||||||||
(Dollars in thousands) | ||||||||||||||||||||||||
Fair Value | Valuation Methodology | Significant Unobservable Input | Range | Weighted | Impact to valuation | |||||||||||||||||||
of Inputs | Average | from an increased or | ||||||||||||||||||||||
of Inputs | higher input value | |||||||||||||||||||||||
Measured at fair value on a recurring basis: | ||||||||||||||||||||||||
Municipal Securities | $ | 32,688 | Bond pricing | Equivalent rating | BBB-AA+ | N/A | Increase | |||||||||||||||||
Other Equity Securities | 20,442 | Discounted cash flows | Discount rate | 1.83%-2.71% | 2.28% | Decrease | ||||||||||||||||||
Mortgage Servicing Rights | 8,608 | Discounted cash flows | Discount rate | 10%-13.5% | 10.17% | Decrease | ||||||||||||||||||
Constant prepayment rate (CPR) | 11%-17% | 13.55% | Decrease | |||||||||||||||||||||
Measured at fair value on a non-recurring basis: | ||||||||||||||||||||||||
Impaired loans—collateral based | $ | 97,093 | Appraisal value | N/A | N/A | N/A | N/A | |||||||||||||||||
Other real estate owned, including covered other real estate owned | 142,287 | Appraisal value | Property specific impairment adjustment | 0%-48% | 1.87% | Decrease | ||||||||||||||||||
The Company is required under applicable accounting guidance to report the fair value of all financial instruments on the consolidated statements of condition, including those financial instruments carried at cost. The carrying amounts and estimated fair values of the Company’s financial instruments as of the dates shown: | ||||||||||||||||||||||||
At September 30, 2013 | At December 31, 2012 | At September 30, 2012 | ||||||||||||||||||||||
Carrying | Fair | Carrying | Fair | Carrying | Fair | |||||||||||||||||||
(Dollars in thousands) | Value | Value | Value | Value | Value | Value | ||||||||||||||||||
Financial Assets: | ||||||||||||||||||||||||
Cash and cash equivalents | $ | 330,637 | $ | 330,637 | $ | 315,028 | $ | 315,028 | $ | 212,814 | $ | 212,814 | ||||||||||||
Interest bearing deposits with banks | 681,834 | 681,834 | 1,035,743 | 1,035,743 | 934,430 | 934,430 | ||||||||||||||||||
Available-for-sale securities | 1,781,883 | 1,781,883 | 1,796,076 | 1,796,076 | 1,256,768 | 1,256,768 | ||||||||||||||||||
Trading account securities | 259 | 259 | 583 | 583 | 635 | 635 | ||||||||||||||||||
Brokerage customer receivables | 29,253 | 29,253 | 24,864 | 24,864 | 30,633 | 30,633 | ||||||||||||||||||
Federal Home Loan Bank and Federal Reserve Bank stock, at cost | 76,755 | 76,755 | 79,564 | 79,564 | 80,687 | 80,687 | ||||||||||||||||||
Mortgage loans held-for-sale, at fair value | 329,186 | 329,186 | 385,033 | 385,033 | 548,300 | 548,300 | ||||||||||||||||||
Mortgage loans held-for-sale, at lower of cost or market | 5,159 | 5,218 | 27,167 | 27,568 | 21,685 | 22,042 | ||||||||||||||||||
Total loans | 12,997,027 | 13,576,959 | 12,389,030 | 13,053,101 | 12,147,425 | 12,835,354 | ||||||||||||||||||
Mortgage servicing rights | 8,608 | 8,608 | 6,750 | 6,750 | 6,276 | 6,276 | ||||||||||||||||||
Nonqualified deferred compensation assets | 6,801 | 6,801 | 5,532 | 5,532 | 5,438 | 5,438 | ||||||||||||||||||
Derivative assets | 57,573 | 57,573 | 53,906 | 53,906 | 65,990 | 65,990 | ||||||||||||||||||
FDIC indemnification asset | 100,313 | 100,313 | 208,160 | 208,160 | 238,305 | 238,305 | ||||||||||||||||||
Accrued interest receivable and other | 165,209 | 165,209 | 157,157 | 157,157 | 157,923 | 157,923 | ||||||||||||||||||
Total financial assets | $ | 16,570,497 | $ | 17,150,488 | $ | 16,484,593 | $ | 17,149,065 | $ | 15,707,309 | $ | 16,395,595 | ||||||||||||
Financial Liabilities | ||||||||||||||||||||||||
Non-maturity deposits | $ | 10,386,493 | 10,386,493 | $ | 9,447,633 | $ | 9,447,633 | $ | 8,736,432 | $ | 8,736,432 | |||||||||||||
Deposits with stated maturities | 4,260,953 | 4,272,459 | 4,980,911 | 5,013,757 | 5,111,533 | 5,149,824 | ||||||||||||||||||
Notes payable | 1,546 | 1,546 | 2,093 | 2,093 | 2,275 | 2,275 | ||||||||||||||||||
Federal Home Loan Bank advances | 387,852 | 393,602 | 414,122 | 425,431 | 414,211 | 427,006 | ||||||||||||||||||
Subordinated notes | 10,000 | 10,000 | 15,000 | 15,000 | 15,000 | 15,000 | ||||||||||||||||||
Other borrowings | 246,870 | 246,870 | 274,411 | 274,411 | 377,229 | 377,229 | ||||||||||||||||||
Junior subordinated debentures | 249,493 | 250,751 | 249,493 | 250,428 | 249,493 | 250,385 | ||||||||||||||||||
Derivative liabilities | 49,300 | 49,300 | 57,751 | 57,751 | 79,977 | 79,977 | ||||||||||||||||||
Accrued interest payable and other | 7,758 | 7,758 | 11,589 | 11,589 | 11,133 | 11,133 | ||||||||||||||||||
Total financial liabilities | $ | 15,600,265 | $ | 15,618,779 | $ | 15,453,003 | $ | 15,498,093 | $ | 14,997,283 | $ | 15,049,261 | ||||||||||||
Not all the financial instruments listed in the table above are subject to the disclosure provisions of ASC Topic 820, as certain assets and liabilities result in their carrying value approximating fair value. These include cash and cash equivalents, interest bearing deposits with banks, brokerage customer receivables, FHLB and FRB stock, FDIC indemnification asset, accrued interest receivable and accrued interest payable, non-maturity deposits, notes payable, subordinated notes and other borrowings. | ||||||||||||||||||||||||
The following methods and assumptions were used by the Company in estimating fair values of financial instruments that were not previously disclosed. | ||||||||||||||||||||||||
Loans. Fair values are estimated for portfolios of loans with similar financial characteristics. Loans are analyzed by type such as commercial, residential real-estate, etc. Each category is further segmented by interest rate type (fixed and variable) and term. For variable-rate loans that reprice frequently, estimated fair values are based on carrying values. The fair value of residential loans is based on secondary market sources for securities backed by similar loans, adjusted for differences in loan characteristics. The fair value for other fixed rate loans is estimated by discounting scheduled cash flows through the estimated maturity using estimated market discount rates that reflect credit and interest rate risks inherent in the loan. The primary impact of credit risk on the present value of the loan portfolio, however, was accommodated through the use of the allowance for loan losses, which is believed to represent the current fair value of probable incurred losses for purposes of the fair value calculation. In accordance with ASC 820, the Company has categorized loans as a Level 3 fair value measurement. | ||||||||||||||||||||||||
Deposits with stated maturities. The fair value of certificates of deposit is based on the discounted value of contractual cash flows. The discount rate is estimated using the rates currently in effect for deposits of similar remaining maturities. In accordance with ASC 820, the Company has categorized deposits with stated maturities as a Level 3 fair value measurement. | ||||||||||||||||||||||||
Federal Home Loan Bank advances. The fair value of Federal Home Loan Bank advances is obtained from the Federal Home Loan Bank which uses a discounted cash flow analysis based on current market rates of similar maturity debt securities to discount cash flows. In accordance with ASC 820, the Company has categorized Federal Home Loan Bank advances as a Level 3 fair value measurement. | ||||||||||||||||||||||||
Junior subordinated debentures. The fair value of the junior subordinated debentures is based on the discounted value of contractual cash flows. In accordance with ASC 820, the Company has categorized junior subordinated debentures as a Level 3 fair value measurement. |
StockBased_Compensation_Plans
Stock-Based Compensation Plans | 9 Months Ended | |||||||||||||
Sep. 30, 2013 | ||||||||||||||
Share-based Compensation [Abstract] | ' | |||||||||||||
Stock-Based Compensation Plans | ' | |||||||||||||
Stock-Based Compensation Plans | ||||||||||||||
The 2007 Stock Incentive Plan (“the 2007 Plan”), which was approved by the Company's shareholders in January 2007, permits the grant of incentive stock options, nonqualified stock options, rights and restricted stock, as well as the conversion of outstanding options of acquired companies to Wintrust options. The 2007 Plan initially provided for the issuance of up to 500,000 shares of common stock. In May 2009 and May 2011, the Company's shareholders approved an additional 325,000 shares and 2,860,000 shares, respectively, of common stock that may be offered under the 2007 Plan. All grants made after 2006 have been made pursuant to the 2007 Plan, and as of September 30, 2013, assuming all performance-based shares will be issued at the maximum levels, 695,363 shares were available for future grants. The 2007 Plan replaced the Wintrust Financial Corporation 1997 Stock Incentive Plan (“the 1997 Plan”) which had substantially similar terms. The 2007 Plan and the 1997 Plan are collectively referred to as “the Plans.” The Plans cover substantially all employees of Wintrust. The Compensation Committee of the Board of Directors administers all stock-based compensation programs and authorizes all awards granted pursuant to the Plans. | ||||||||||||||
The Company historically awarded stock-based compensation in the form of nonqualified stock options and time-vested restricted share awards (“restricted shares”). In general, the grants of options provide for the purchase shares of Wintrust's common stock at the fair market value of the stock on the date the options are granted. Options under the 2007 Plan generally vest ratably over periods of three to five years and have a maximum term of seven years from the date of grant. Stock options granted under the 1997 Plan provided for a maximum term of 10 years. Restricted shares entitle the holders to receive, at no cost, shares of the Company’s common stock. Restricted shares generally vest over periods of one to five years from the date of grant. | ||||||||||||||
The Long-Term Incentive Program (“LTIP”), which is designed in part to align the interests of management with the interests of shareholders, foster retention, create a long-term focus based on sustainable results and provide participants a target long-term incentive opportunity, is administered under the 2007 Plan. LTIP grants to date have consisted of time vested nonqualified stock options and performance-based stock and cash awards. The first grant of these awards was made in August 2011 and subsequent grants were made in 2012 and 2013. It is anticipated that LTIP awards will be granted annually, generally in January. Stock options granted under the LTIP have a term of seven years and will generally vest equally over three years based on continued service. Performance-based stock and cash awards are contingent upon the achievement of pre-established long-term performance goals set in advance by the Compensation Committee over a three-year period with overlapping performance periods starting at the beginning of each calendar year. The actual payouts of performance-based awards will vary based on the achievement of the pre-established targets and can range from 0% to 200% of the target award. | ||||||||||||||
Holders of restricted share awards and performance-based stock awards received under the Plans are not entitled to vote or receive cash dividends (or cash payments equal to the cash dividends) on the underlying common shares until the awards are vested. Except in limited circumstances, these awards are canceled upon termination of employment without any payment of consideration by the Company. | ||||||||||||||
Stock-based compensation is measured as the fair value of an award on the date of grant, and the measured cost is recognized over the period which the recipient is required to provide service in exchange for the award. The fair values of restricted shares and performance-based stock awards are determined based on the average of the high and low trading prices on the grant date, and the fair value of stock options is estimated using a Black-Scholes option-pricing model that utilizes the assumptions outlined in the following table. Option-pricing models require the input of highly subjective assumptions and are sensitive to changes in the option's expected life and the price volatility of the underlying stock, which can materially affect the fair value estimate. Expected life has been based on historical exercise and termination behavior as well as the term of the option, but the expected life of the options granted pursuant to the LTIP awards was based on the safe harbor rule of the SEC Staff Accounting Bulletin No. 107 “Share-Based Payment” as the Company believes historical exercise data may not provide a reasonable basis to estimate the expected term of these options. Expected stock price volatility is based on historical volatility of the Company's common stock, which correlates with the expected life of the options, and the risk-free interest rate is based on comparable U.S. Treasury rates. Management reviews and adjusts the assumptions used to calculate the fair value of an option on a periodic basis to better reflect expected trends. | ||||||||||||||
The following table presents the weighted average assumptions used to determine the fair value of options granted in the nine month periods ending September 30, 2013 and 2012. | ||||||||||||||
Nine Months Ended | Nine Months Ended | |||||||||||||
September 30, | September 30, | |||||||||||||
2013 | 2012 | |||||||||||||
Expected dividend yield | 0.5 | % | 0.6 | % | ||||||||||
Expected volatility | 59.1 | % | 62.6 | % | ||||||||||
Risk-free rate | 0.7 | % | 0.7 | % | ||||||||||
Expected option life (in years) | 4.5 | 4.5 | ||||||||||||
Stock based compensation is recognized based upon the number of awards that are ultimately expected to vest. Forfeitures are estimated based on historical forfeiture experience. For performance-based awards, an estimate is made of the number of shares expected to vest as a result of projected performance against the performance criteria in the award to determine the amount of compensation expense to recognize. The estimate is reevaluated periodically and total compensation expense is adjusted for any change in estimate in the current period. | ||||||||||||||
Stock-based compensation expense recognized in the Consolidated Statements of Income was $2.0 million and $2.6 million in the third quarters of 2013 and 2012, respectively, and $6.5 million and $7.2 million for the 2013 and 2012 year-to-date periods, respectively. | ||||||||||||||
A summary of the Plans' stock option activity for the nine months ended September 30, 2013 and September 30, 2012 is presented below: | ||||||||||||||
Stock Options | Common | Weighted | Remaining | Intrinsic | ||||||||||
Shares | Average | Contractual | Value (2) | |||||||||||
Strike Price | Term (1) | $0 | ||||||||||||
Outstanding at January 1, 2013 | 1,745,427 | $ | 42.31 | |||||||||||
Granted | 235,002 | 37.97 | ||||||||||||
Exercised | (78,184 | ) | 28.5 | |||||||||||
Forfeited or canceled | (45,818 | ) | 45.18 | |||||||||||
Outstanding at September 30, 2013 | 1,856,427 | $ | 42.27 | 2.4 | $ | 6,786 | ||||||||
Exercisable at September 30, 2013 | 1,845,560 | $ | 42.32 | 2.4 | $ | 6,710 | ||||||||
Stock Options | Common | Weighted | Remaining | Intrinsic | ||||||||||
Shares | Average | Contractual | Value (2) | |||||||||||
Strike Price | Term (1) | $0 | ||||||||||||
Outstanding at January 1, 2012 | 2,064,534 | $ | 38.83 | |||||||||||
Granted | 250,997 | 31.16 | ||||||||||||
Exercised | (421,426 | ) | 20.27 | |||||||||||
Forfeited or canceled | (50,235 | ) | 36.42 | |||||||||||
Outstanding at September 30, 2012 | 1,843,870 | $ | 42.09 | 3.2 | $ | 5,029 | ||||||||
Exercisable at September 30, 2012 | 1,840,731 | $ | 42.11 | 3.2 | $ | 5,010 | ||||||||
-1 | Represents the remaining weighted average contractual life in years. | |||||||||||||
-2 | Aggregate intrinsic value represents the total pre-tax intrinsic value (i.e., the difference between the Company's average of the high and low stock price on the last trading day of the quarter and the option exercise price, multiplied by the number of shares) that would have been received by the option holders if they had exercised their options on the last day of the quarter. Options with exercise prices above the average of the high and low stock price on the last trading day of the quarter are excluded from the calculation of intrinsic value. The intrinsic value will change based on the fair market value of the Company's stock. | |||||||||||||
The weighted average grant date fair value per share of options granted during the nine months ended September 30, 2013 and September 30, 2012 was $17.49 and $14.55, respectively. The aggregate intrinsic value of options exercised during the nine months ended September 30, 2013 and 2012, was $777,000 and $4.9 million, respectively. | ||||||||||||||
A summary of the Plans' restricted share and performance-based stock award activity for the nine months ended September 30, 2013 and September 30, 2012 is presented below: | ||||||||||||||
Nine months ended September 30, 2013 | Nine months ended September 30, 2012 | |||||||||||||
Restricted Shares | Common | Weighted | Common | Weighted | ||||||||||
Shares | Average | Shares | Average | |||||||||||
Grant-Date | Grant-Date | |||||||||||||
Fair Value | Fair Value | |||||||||||||
Outstanding at January 1 | 314,226 | $ | 37.99 | 336,709 | $ | 38.29 | ||||||||
Granted | 10,617 | 40.86 | 109,557 | 32.31 | ||||||||||
Vested and issued | (135,767 | ) | 31.97 | (123,629 | ) | 34.46 | ||||||||
Forfeited | (1,236 | ) | 35.02 | (1,353 | ) | 30.99 | ||||||||
Outstanding at September 30 | 187,840 | $ | 42.51 | 321,284 | $ | 37.76 | ||||||||
Vested, but not issuable at September 30 | 85,000 | $ | 51.88 | 85,320 | $ | 51.8 | ||||||||
Performance-based Shares | ||||||||||||||
Outstanding at January 1 | 153,915 | $ | 31.78 | 72,158 | $ | 33.25 | ||||||||
Granted | 105,825 | 37.87 | 119,476 | 31.1 | ||||||||||
Vested and issued | — | — | — | — | ||||||||||
Net change due to estimated performance | (21,249 | ) | 36.05 | 19,651 | 30.55 | |||||||||
Forfeited | (6,115 | ) | 34.29 | (3,897 | ) | 32.07 | ||||||||
Outstanding at September 30 | 232,376 | $ | 34.1 | 207,388 | $ | 31.78 | ||||||||
The number of performance-based shares granted is reflected in the above table at the 100% target performance level. The actual performance-based award payouts will vary based on the achievement of the pre-established goals and can range from 0% to 200% of the target award. The outstanding number of performance-based shares reflected in the table represents the number of shares expected to be awarded based on management's current assessment of the achievement of the goals. At September 30, 2013, the maximum number of performance-based shares that could be issued based on the grants made to date is approximately 625,000 shares. | ||||||||||||||
The Company issues new shares to satisfy its obligation to issue shares granted pursuant to the Plans. |
Shareholders_Equity_and_Earnin
Shareholders' Equity and Earnings Per Share | 9 Months Ended | |||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||
Shareholders' Equity and Earnings Per Share Disclosure [Abstract] | ' | |||||||||||||||||
Shareholders' Equity and Earnings Per Share | ' | |||||||||||||||||
Shareholders’ Equity and Earnings Per Share | ||||||||||||||||||
Tangible Equity Units | ||||||||||||||||||
In December 2010, the Company sold 4.6 million 7.50% TEUs at a public offering price of $50.00 per unit. The Company received net proceeds of $222.7 million after deducting underwriting discounts and commissions and estimated offering expenses. Each tangible equity unit is composed of a prepaid common stock purchase contract and a junior subordinated amortizing note due December 15, 2013. The prepaid stock purchase contracts have been recorded as surplus (a component of shareholders’ equity), net of issuance costs, and the junior subordinated amortizing notes have been recorded as debt within other borrowings. Issuance costs associated with the debt component are recorded as a discount within other borrowings and will be amortized over the term of the instrument to December 15, 2013. The Company allocated the proceeds from the issuance of the TEU to equity and debt based on the relative fair values of the respective components of each unit. | ||||||||||||||||||
The aggregate fair values assigned to each component of the TEU offering at the issuance date were as follows: | ||||||||||||||||||
(Dollars in thousands, except per unit amounts) | Equity | Debt | TEU Total | |||||||||||||||
Component | Component | |||||||||||||||||
Units issued (1) | 4,600 | 4,600 | 4,600 | |||||||||||||||
Unit price | $ | 40.271818 | $ | 9.728182 | $ | 50 | ||||||||||||
Gross proceeds | 185,250 | 44,750 | 230,000 | |||||||||||||||
Issuance costs, including discount | 5,934 | 1,419 | 7,353 | |||||||||||||||
Net proceeds | $ | 179,316 | $ | 43,331 | $ | 222,647 | ||||||||||||
Balance sheet impact | ||||||||||||||||||
Other borrowings | — | 43,331 | 43,331 | |||||||||||||||
Surplus | 179,316 | — | 179,316 | |||||||||||||||
-1 | TEUs consist of two components: one unit of the equity component and one unit of the debt component. | |||||||||||||||||
The fair value of the debt component was determined using a discounted cash flow model using the following assumptions: (1) quarterly cash payments of 7.5%; (2) a maturity date of December 15, 2013; and (3) an assumed discount rate of 9.5%. The discount rate used for estimating the fair value was determined by obtaining yields for comparably-rated issuers trading in the market. The debt component was recorded at fair value, and the discount is being amortized using the level yield method over the term of the instrument to the settlement date of December 15, 2013. | ||||||||||||||||||
The fair value of the equity component was determined using Black-Scholes valuation models applied to the range of stock prices contemplated by the terms of the TEU and using the following assumptions: (1) risk-free interest rate of 0.95%; (2) expected stock price volatility in the range of 35%-45%; (c) dividend yield plus stock borrow cost of 0.85%; and (4) term of 3.02 years. | ||||||||||||||||||
Each junior subordinated amortizing note, which had an initial principal amount of $9.728182, is bearing interest at 9.50% per annum, and has a scheduled final installment payment date of December 15, 2013. On each March 15, June 15, September 15 and December 15, the Company will pay equal quarterly installments of $0.9375 on each amortizing note. Each payment will constitute a payment of interest and a partial repayment of principal. The Company may defer installment payments at any time and from time to time, under certain circumstances and subject to certain conditions, by extending the installment period so long as such period of time does not extend beyond December 15, 2015. | ||||||||||||||||||
Each prepaid common stock purchase contract will automatically settle on December 15, 2013 and the Company will deliver not more than 1.6666 shares and not less than 1.3333 shares of its common stock based on the applicable market value (the average of the volume weighted average price of Company common stock for the twenty (20) consecutive trading days ending on the third trading day immediately preceding December 15, 2013) as follows: | ||||||||||||||||||
Applicable market value of | Settlement Rate | |||||||||||||||||
Company common stock | ||||||||||||||||||
Less than or equal to $30.00 | 1.6666 | |||||||||||||||||
Greater than $30.00 but less than $37.50 | $50.00, divided by the applicable market value | |||||||||||||||||
Greater than or equal to $37.50 | 1.3333 | |||||||||||||||||
At any time prior to the third business day immediately preceding December 15, 2013, the holder may settle the purchase contract early and receive 1.3333 shares of Company common stock, subject to anti-dilution adjustments. Upon settlement, an amount equal to $1.00 per common share issued will be reclassified from additional paid-in capital to common stock. | ||||||||||||||||||
Series A Preferred Stock | ||||||||||||||||||
In August 2008, the Company issued and sold 50,000 shares of non-cumulative perpetual convertible preferred stock, Series A, liquidation preference $1,000 per share (the “Series A Preferred Stock”) for $50 million in a private transaction. Dividends on the Series A Preferred Stock were paid quarterly in arrears at a rate of 8.00% per annum. The Series A Preferred Stock was convertible into common stock at the option of the holder at a conversion rate of 38.88 shares of common stock per share of Series A Preferred Stock. On July 19, 2013, pursuant to such terms, the holder of the Series A Preferred Stock elected to convert all 50,000 shares of the Series A Preferred Stock into 1,944,000 shares of the Company's common stock, no par value. | ||||||||||||||||||
Series C Preferred Stock | ||||||||||||||||||
In March 2012, the Company issued and sold 126,500 shares of non-cumulative perpetual convertible preferred stock, Series C, liquidation preference $1,000 per share (the “Series C Preferred Stock”) for $126.5 million in an equity offering. If declared, dividends on the Series C Preferred Stock are payable quarterly in arrears at a rate of 5.00% per annum. The Series C Preferred Stock is convertible into common stock at the option of the holder at a conversion rate of 24.3132 shares of common stock per share of Series C Preferred Stock. On and after April 15, 2017, the Company will have the right under certain circumstances to cause the Series C Preferred Stock to be converted into common stock if the closing price of the Company’s common stock exceeds a certain amount. | ||||||||||||||||||
Common Stock Warrant | ||||||||||||||||||
Pursuant to the U.S. Department of the Treasury’s (the “U.S. Treasury”) Capital Purchase Program, on December 19, 2008, the Company issued to the U.S. Treasury, a warrant to purchase 1,643,295 shares of Wintrust common stock at a per share exercise price of $22.82 and with a term of 10 years. In February 2011, the U.S. Treasury sold all of its interest in the warrant issued to it in a secondary underwritten public offering. At September 30, 2013, the warrant to purchase 1,643,295 shares remains outstanding. | ||||||||||||||||||
The Company previously issued other warrants to acquire common stock. These warrants entitled the holders to purchase one share of the Company’s common stock at a purchase price of $30.50 per share. Of the 19,000 warrants previously outstanding, 18,000 were exercised in March 2012 and 1,000 were exercised in February 2013. As a result, there were no warrants outstanding at September 30, 2013. | ||||||||||||||||||
Other | ||||||||||||||||||
In May 2013, the Company issued 648,286 shares of its common stock in the acquisition of FNBI. In December 2012, the Company issued 372,530 shares of its common stock in the acquisition of HPK. In August 2012, the Company issued 25,493 shares of its common stock in settlement of contingent consideration related to the previously completed acquisition of Great Lakes Advisors, which is in addition to the 529,087 shares issued in July 2011 at the time of the acquisition. | ||||||||||||||||||
Accumulated Other Comprehensive (Loss) Income | ||||||||||||||||||
The following tables summarize the components of other comprehensive (loss) income, including the related income tax effects, and the related amount reclassified to net income for the periods presented (in thousands). | ||||||||||||||||||
Accumulated | Accumulated | Accumulated | Total | |||||||||||||||
Unrealized | Unrealized | Foreign | Accumulated | |||||||||||||||
Gains (Losses) on | Losses on | Currency | Other | |||||||||||||||
Securities | Derivative | Translation | Comprehensive | |||||||||||||||
Instruments | Adjustments | Income (Loss) | ||||||||||||||||
Balance at July 1, 2013 | $ | (41,213 | ) | $ | (3,100 | ) | $ | (4,891 | ) | $ | (49,204 | ) | ||||||
Other comprehensive income (loss) during the period, net of tax, before reclassifications | (1,460 | ) | (518 | ) | 3,905 | 1,927 | ||||||||||||
Amount reclassified from accumulated other comprehensive income (loss), net of tax | (45 | ) | 908 | — | 863 | |||||||||||||
Net other comprehensive income (loss) during the period, net of tax | $ | (1,505 | ) | $ | 390 | $ | 3,905 | $ | 2,790 | |||||||||
Balance at September 30, 2013 | $ | (42,718 | ) | $ | (2,710 | ) | $ | (986 | ) | $ | (46,414 | ) | ||||||
Balance at January 1, 2013 | $ | 6,710 | $ | (5,292 | ) | $ | 6,293 | $ | 7,711 | |||||||||
Other comprehensive income (loss) during the period, net of tax, before reclassifications | (49,231 | ) | (206 | ) | (7,279 | ) | (56,716 | ) | ||||||||||
Amount reclassified from accumulated other comprehensive income (loss), net of tax | (197 | ) | 2,788 | — | 2,591 | |||||||||||||
Net other comprehensive income (loss) during the period, net of tax | $ | (49,428 | ) | $ | 2,582 | $ | (7,279 | ) | $ | (54,125 | ) | |||||||
Balance at September 30, 2013 | $ | (42,718 | ) | $ | (2,710 | ) | $ | (986 | ) | $ | (46,414 | ) | ||||||
Balance at July 1, 2012 | $ | 5,907 | $ | (6,037 | ) | $ | 2,101 | $ | 1,971 | |||||||||
Other comprehensive income (loss) during the period, net of tax, before reclassifications | 2,358 | (1,055 | ) | 5,897 | 7,200 | |||||||||||||
Amount reclassified from accumulated other comprehensive income (loss), net of tax | (247 | ) | 881 | — | 634 | |||||||||||||
Net other comprehensive income (loss) during the period, net of tax | $ | 2,111 | $ | (174 | ) | $ | 5,897 | $ | 7,834 | |||||||||
Balance at September 30, 2012 | $ | 8,018 | $ | (6,211 | ) | $ | 7,998 | $ | 9,805 | |||||||||
Balance at January 1, 2012 | $ | 4,204 | $ | (7,082 | ) | $ | — | $ | (2,878 | ) | ||||||||
Other comprehensive income (loss) during the period, net of tax, before reclassifications | 5,214 | (1,718 | ) | 7,998 | 11,494 | |||||||||||||
Amount reclassified from accumulated other comprehensive income (loss), net of tax | (1,400 | ) | 2,589 | — | 1,189 | |||||||||||||
Net other comprehensive income (loss) during the period, net of tax | $ | 3,814 | $ | 871 | $ | 7,998 | $ | 12,683 | ||||||||||
Balance at September 30, 2012 | $ | 8,018 | $ | (6,211 | ) | $ | 7,998 | $ | 9,805 | |||||||||
Amount Reclassified from Accumulated Other Comprehensive Income for the | ||||||||||||||||||
Details Regarding the Component of | Three Months Ended | Nine Months Ended | Impacted Line on the | |||||||||||||||
September 30, | September 30, | |||||||||||||||||
Accumulated Other Comprehensive Income | 2013 | 2012 | 2013 | 2012 | Consolidated Statements of Income | |||||||||||||
Accumulated unrealized losses on securities | ||||||||||||||||||
Gains included in net income | $ | 75 | $ | 409 | $ | 328 | $ | 2,334 | Gains on available-for-sale securities, net | |||||||||
75 | 409 | 328 | 2,334 | Income before taxes | ||||||||||||||
Tax effect | $ | (30 | ) | $ | (162 | ) | $ | (131 | ) | $ | (934 | ) | Income tax expense | |||||
Net of tax | $ | 45 | $ | 247 | $ | 197 | $ | 1,400 | Net income | |||||||||
Accumulated unrealized losses on derivative instruments | ||||||||||||||||||
Amount reclassified to interest expense on junior subordinated debentures | $ | 1,507 | $ | 1,471 | $ | 4,629 | $ | 4,324 | Interest on junior subordinated debentures | |||||||||
(1,507 | ) | (1,471 | ) | (4,629 | ) | (4,324 | ) | Loss before taxes | ||||||||||
Tax effect | $ | 599 | $ | 590 | $ | 1,841 | $ | 1,735 | Income tax benefit | |||||||||
Net of tax | $ | (908 | ) | $ | (881 | ) | $ | (2,788 | ) | $ | (2,589 | ) | Net loss | |||||
Earnings per Share | ||||||||||||||||||
The following table shows the computation of basic and diluted earnings per share for the periods indicated: | ||||||||||||||||||
Three Months Ended | Nine Months Ended | |||||||||||||||||
September 30, | September 30, | |||||||||||||||||
(In thousands, except per share data) | 2013 | 2012 | 2013 | 2012 | ||||||||||||||
Net income | $ | 35,563 | $ | 32,302 | $ | 101,922 | $ | 81,107 | ||||||||||
Less: Preferred stock dividends and discount accretion | 1,581 | 2,616 | 6,814 | 6,477 | ||||||||||||||
Net income applicable to common shares—Basic | (A) | 33,982 | 29,686 | 95,108 | 74,630 | |||||||||||||
Add: Dividends on convertible preferred stock, if dilutive | 1,581 | 2,581 | 6,744 | 6,374 | ||||||||||||||
Net income applicable to common shares—Diluted | (B) | 35,563 | 32,267 | 101,852 | 81,004 | |||||||||||||
Weighted average common shares outstanding | (C) | 39,331 | 36,381 | 37,939 | 36,305 | |||||||||||||
Effect of dilutive potential common shares | ||||||||||||||||||
Common stock equivalents | 7,346 | 7,275 | 7,263 | 7,159 | ||||||||||||||
Convertible preferred stock, if dilutive | 3,477 | 5,020 | 4,500 | 4,133 | ||||||||||||||
Total dilutive potential common shares | 10,823 | 12,295 | 11,763 | 11,292 | ||||||||||||||
Weighted average common shares and effect of dilutive potential common shares | (D) | 50,154 | 48,676 | 49,702 | 47,597 | |||||||||||||
Net income per common share: | ||||||||||||||||||
Basic | (A/C) | $ | 0.86 | $ | 0.82 | $ | 2.51 | $ | 2.06 | |||||||||
Diluted | (B/D) | $ | 0.71 | $ | 0.66 | $ | 2.05 | $ | 1.7 | |||||||||
Potentially dilutive common shares can result from stock options, restricted stock unit awards, stock warrants, the Company’s convertible preferred stock, tangible equity unit shares and shares to be issued under the Employee Stock Purchase Plan and the Directors Deferred Fee and Stock Plan, being treated as if they had been either exercised or issued, computed by application of the treasury stock method. While potentially dilutive common shares are typically included in the computation of diluted earnings per share, potentially dilutive common shares are excluded from this computation in periods in which the effect would reduce the loss per share or increase the income per share. For diluted earnings per share, net income applicable to common shares can be affected by the conversion of the Company’s convertible preferred stock. Where the effect of this conversion would reduce the loss per share or increase the income per share, net income applicable to common shares is not adjusted by the associated preferred dividends. |
Subsequent_Events
Subsequent Events | 9 Months Ended |
Sep. 30, 2013 | |
Subsequent Events [Abstract] | ' |
Subsequent Events | ' |
Subsequent Events | |
On October 1, 2013, the Company acquired certain assets and assumed certain liabilities of the mortgage banking business of Surety of Sherman Oaks, California. Surety has five offices located in southern California, which originated approximately $1.0 billion in the twelve months prior to the acquisition date. | |
On October 18, 2013, the Company completed its previously announced acquisition of Diamond. Diamond is the parent company of Diamond Bank, FSB, which operated four banking locations in Chicago, Schaumburg, Elmhurst, and Northbrook, Illinois. Through this transaction, subject to final adjustments, the Company acquired approximately $169 million in assets and approximately $140 million in deposits. The aggregate purchase price was approximately $3 million. In the merger, outstanding shares of Diamond common stock were converted into cash. Following the acquisition, Diamond was merged into the Company's wholly-owned subsidiary, North Shore Community Bank & Trust Company ("North Shore"). | |
On October 25, 2013, the Company entered into a Sixth Amendment Agreement (the “Sixth Amendment”) to the Agreement dated as of October 30, 2009 among the Company and unaffiliated banks. The Sixth Amendment extended the maturity date of the Agreement to November 24, 2013. | |
On November 7, 2013, the Company entered into a Seventh Amendment Agreement, (the "Seventh Amendment") to the Agreement. The revolving commitment under the Agreement remained at a total revolving commitment of all lenders under the Agreement of $100.0 million and matures on November 6, 2014. Pursuant to the Seventh Amendment, borrowings under the Agreement that are considered “Base Rate Loans” will bear interest at a rate equal to the greater of (1) 350 basis points and (2) for the applicable period, the highest of (a) the federal funds rate plus 100 basis points, (b) the lender’s prime rate plus 50 basis points, and (c) the Eurodollar Rate (as defined below) that would be applicable for an interest period of one month plus 150 basis points. Borrowings under the Agreement that are considered “Eurodollar Rate Loans” will bear interest at a rate equal to the higher of (1) the LIBOR rate for the applicable period plus 250 basis points (the “Eurodollar Rate”) and (2) 350 basis points. A commitment fee is payable quarterly equal to 0.375% of the actual daily amount by which the lenders’ commitment under the revolving note exceeded the amount outstanding under such facility. | |
As of the date hereof, the Company has no outstanding balance under the revolving credit facility. Additionally on November 7, 2013 the Company repaid and terminated its $1.0 million term facility with an unaffiliated bank and repaid the remaining $10.0 million outstanding under its subordinated note agreement. |
Basis_of_Presentation_Policies
Basis of Presentation (Policies) | 9 Months Ended | |||||||||||
Sep. 30, 2013 | ||||||||||||
Accounting Policies [Abstract] | ' | |||||||||||
Business Combinations | ' | |||||||||||
Loans comprise the majority of the assets acquired in nearly all of these FDIC-assisted transactions since 2010, most of which are subject to loss sharing agreements with the FDIC whereby the FDIC has agreed to reimburse the Company for 80% of losses incurred on the purchased loans, other real estate owned (“OREO”), and certain other assets. Additionally, the loss share agreements with the FDIC require the Company to reimburse the FDIC in the event that actual losses on covered assets are lower than the original loss estimates agreed upon with the FDIC with respect of such assets in the loss share agreements. The Company refers to the loans subject to these loss-sharing agreements as “covered loans” and uses the term “covered assets” to refer to covered loans, covered OREO and certain other covered assets. The agreements with the FDIC require that the Company follow certain servicing procedures or risk losing the FDIC reimbursement of covered asset losses. | ||||||||||||
On their respective acquisition dates in 2012, the Company announced that its wholly-owned subsidiary banks, Old Plank Trail Community Bank, N.A. ("Old Plank Trail Bank"), Hinsdale Bank and Trust Company ("Hinsdale Bank") and Barrington Bank and Trust Company, N.A. ("Barrington Bank"), acquired certain assets and liabilities and the banking operations of First United Bank of Crete, Illinois ("First United Bank"), Second Federal Savings and Loan Association of Chicago ("Second Federal") and Charter National Bank and Trust (“Charter National”), respectively, in FDIC-assisted transactions. The loans covered by the loss sharing agreements are classified and presented as covered loans and the estimated reimbursable losses are recorded as an FDIC indemnification asset in the Consolidated Statements of Condition. The Company recorded the acquired assets and liabilities at their estimated fair values at the acquisition date. The fair value for loans reflected expected credit losses at the acquisition date. Therefore, the Company will only recognize a provision for credit losses and charge-offs on the acquired loans for any further credit deterioration subsequent to the acquisition date. See Note 7 — Allowance for Loan Losses, Allowance for Losses on Lending-Related Commitments and Impaired Loans for further discussion of the allowance on covered loans. | ||||||||||||
The loss share agreements with the FDIC cover realized losses on loans, foreclosed real estate and certain other assets. These loss share assets are measured separately from the loan portfolios because they are not contractually embedded in the loans and are not transferable with the loans should the Company choose to dispose of them. Fair values at the acquisition dates were estimated based on projected cash flows available for loss-share based on the credit adjustments estimated for each loan pool and the loss share percentages. The loss share assets are also separately measured from the related loans and foreclosed real estate and recorded as FDIC indemnification assets on the Consolidated Statements of Condition. Subsequent to the acquisition date, reimbursements received from the FDIC for actual incurred losses will reduce the FDIC indemnification assets. Reductions to expected losses, to the extent such reductions to expected losses are the result of an improvement to the actual or expected cash flows from the covered assets, will also reduce the FDIC indemnification assets. Although these assets are contractual receivables from the FDIC, there are no contractual interest rates. Additions to expected losses will require an increase to the allowance for loan losses and a corresponding increase to the FDIC indemnification assets. The corresponding accretion is recorded as a component of non-interest income on the Consolidated Statements of Income. | ||||||||||||
Acquired Loans with Evidence of Credit Quality Deterioration | ' | |||||||||||
Purchased loans acquired in a business combination are recorded at estimated fair value on their purchase date. Expected future cash flows at the purchase date in excess of the fair value of loans are recorded as interest income over the life of the loans if the timing and amount of the future cash flows is reasonably estimable (“accretable yield”). The difference between contractually required payments and the cash flows expected to be collected at acquisition is referred to as the non-accretable difference and represents probable losses in the portfolio. | ||||||||||||
In determining the acquisition date fair value of purchased impaired loans, and in subsequent accounting, the Company aggregates these purchased loans into pools of loans by common risk characteristics, such as credit risk rating and loan type. Subsequent to the purchase date, increases in cash flows over those expected at the purchase date are recognized as interest income prospectively. Subsequent decreases to the expected cash flows will generally result in a provision for loan losses. | ||||||||||||
The Company purchased a portfolio of life insurance premium finance receivables in 2009. These purchased life insurance premium finance receivables are valued on an individual basis with the accretable component being recognized into interest income using the effective yield method over the estimated remaining life of the loans. The non-accretable portion is evaluated each quarter and if the loans’ credit related conditions improve, a portion is transferred to the accretable component and accreted over future periods. In the event a specific loan prepays in whole, any remaining accretable and non-accretable discount is recognized in income immediately. If credit related conditions deteriorate, an allowance related to these loans will be established as part of the provision for credit losses. | ||||||||||||
See Note 6—Loans, for more information on loans acquired with evidence of credit quality deterioration since origination. | ||||||||||||
Cash and Cash Equivalents | ' | |||||||||||
For purposes of the Consolidated Statements of Cash Flows, the Company considers cash and cash equivalents to include cash on hand, cash items in the process of collection, non-interest bearing amounts due from correspondent banks, federal funds sold and securities purchased under resale agreements with original maturities of three months or less. | ||||||||||||
Loans | ' | |||||||||||
Certain life insurance premium finance receivables attributable to the life insurance premium finance loan acquisition in 2009 as well as the covered loans acquired in the FDIC-assisted acquisitions are recorded net of credit discounts. | ||||||||||||
Allowance for Loan Losses, Non-performing Loans | ' | |||||||||||
Our ability to manage credit risk depends in large part on our ability to properly identify and manage problem loans. To do so, we operate a credit risk rating system under which our credit management personnel assign a credit risk rating (1 to 10 rating) to each loan at the time of origination and review loans on a regular basis. | ||||||||||||
Each loan officer is responsible for monitoring his or her loan portfolio, recommending a credit risk rating for each loan in his or her portfolio and ensuring the credit risk ratings are appropriate. These credit risk ratings are then ratified by the bank’s chief credit officer and/or concurrence credit officer. Credit risk ratings are determined by evaluating a number of factors including: a borrower’s financial strength, cash flow coverage, collateral protection and guarantees. | ||||||||||||
The Company’s Problem Loan Reporting system automatically includes all loans with credit risk ratings of 6 through 9. This system is designed to provide an on-going detailed tracking mechanism for each problem loan. Once management determines that a loan has deteriorated to a point where it has a credit risk rating of 6 or worse, the Company’s Managed Asset Division performs an overall credit and collateral review. As part of this review, all underlying collateral is identified and the valuation methodology is analyzed and tracked. As a result of this initial review by the Company’s Managed Asset Division, the credit risk rating is reviewed and a portion of the outstanding loan balance may be deemed uncollectible or an impairment reserve may be established. The Company’s impairment analysis utilizes an independent re-appraisal of the collateral (unless such a third-party evaluation is not possible due to the unique nature of the collateral, such as a closely-held business or thinly traded securities). In the case of commercial real-estate collateral, an independent third party appraisal is ordered by the Company’s Real Estate Services Group to determine if there has been any change in the underlying collateral value. These independent appraisals are reviewed by the Real Estate Services Group and sometimes by independent third party valuation experts and may be adjusted depending upon market conditions. | ||||||||||||
Through the credit risk rating process, loans are reviewed to determine if they are performing in accordance with the original contractual terms. If the borrower has failed to comply with the original contractual terms, further action may be required by the Company, including a downgrade in the credit risk rating, movement to non-accrual status, a charge-off or the establishment of a specific impairment reserve. If we determine that a loan amount, or portion thereof, is uncollectible, the loan’s credit risk rating is immediately downgraded to an 8 or 9 and the uncollectible amount is charged-off. Any loan that has a partial charge-off continues to be assigned a credit risk rating of an 8 or 9 for the duration of time that a balance remains outstanding. The Company undertakes a thorough and ongoing analysis to determine if additional impairment and/or charge-offs are appropriate and to begin a workout plan for the credit to minimize actual losses. | ||||||||||||
If, based on current information and events, it is probable that the Company will be unable to collect all amounts due to it according to the contractual terms of the loan agreement, a specific impairment reserve is established. In determining the appropriate charge-off for collateral-dependent loans, the Company considers the results of appraisals for the associated collateral. | ||||||||||||
Non-performing loans include all non-accrual loans (8 and 9 risk ratings) as well as loans 90 days past due and still accruing interest, excluding loans acquired with evidence of credit quality deterioration since origination. The remainder of the portfolio is considered performing under the contractual terms of the loan agreement. | ||||||||||||
Loans and Leases Receivable, Allowance for Loan Losses Policy [Policy Text Block] | ' | |||||||||||
In conjunction with FDIC-assisted transactions, the Company entered into loss share agreements with the FDIC. Additional expected losses, to the extent such expected losses result in the recognition of an allowance for loan losses, will increase the FDIC indemnification asset. The allowance for loan losses for loans acquired in FDIC-assisted transactions is determined without giving consideration to the amounts recoverable through loss share agreements (since the loss share agreements are separately accounted for and thus presented “gross” on the balance sheet). On the Consolidated Statements of Income, the provision for credit losses related to covered loans is reported net of changes in the amount recoverable under the loss share agreements. Reductions to expected losses, to the extent such reductions to expected losses are the result of an improvement to the actual or expected cash flows from the covered assets, will reduce the FDIC indemnification asset. Additions to expected losses will require an increase to the allowance for loan losses, and a corresponding increase to the FDIC indemnification asset. See “FDIC-Assisted Transactions” within Note 3 – Business Combinations for more detail. | ||||||||||||
Allowance for Loan Losses, Troubled Debt Restructurings | ' | |||||||||||
The Company’s approach to restructuring loans, excluding those acquired with evidence of credit quality deterioration since origination, is built on its credit risk rating system which requires credit management personnel to assign a credit risk rating to each loan. In each case, the loan officer is responsible for recommending a credit risk rating for each loan and ensuring the credit risk ratings are appropriate. These credit risk ratings are then reviewed and approved by the bank’s chief credit officer and/or concurrence credit officer. Credit risk ratings are determined by evaluating a number of factors including a borrower’s financial strength, cash flow coverage, collateral protection and guarantees. The Company’s credit risk rating scale is one through ten with higher scores indicating higher risk. In the case of loans rated six or worse following modification, the Company’s Managed Assets Division evaluates the loan and the credit risk rating and determines that the loan has been restructured to be reasonably assured of repayment and of performance according to the modified terms and is supported by a current, well-documented credit assessment of the borrower’s financial condition and prospects for repayment under the revised terms. | ||||||||||||
A modification of a loan, excluding those acquired with evidence of credit quality deterioration since origination, with an existing credit risk rating of six or worse or a modification of any other credit which will result in a restructured credit risk rating of six or worse, must be reviewed for possible TDR classification. In that event, our Managed Assets Division conducts an overall credit and collateral review. A modification of these loans is considered to be a TDR if both (1) the borrower is experiencing financial difficulty and (2) for economic or legal reasons, the bank grants a concession to a borrower that it would not otherwise consider. The modification of a loan, excluding those acquired with evidence of credit quality deterioration since origination, where the credit risk rating is five or better both before and after such modification is not considered to be a TDR. Based on the Company’s credit risk rating system, it considers that borrowers whose credit risk rating is five or better are not experiencing financial difficulties and therefore, are not considered TDRs. | ||||||||||||
TDRs are reviewed at the time of modification and on a quarterly basis to determine if a specific reserve is needed. The carrying amount of the loan is compared to the expected payments to be received, discounted at the loan’s original rate, or for collateral dependent loans, to the fair value of the collateral. Any shortfall is recorded as a specific reserve. | ||||||||||||
All credits determined to be a TDR will continue to be classified as a TDR in all subsequent periods, unless the borrower has been in compliance with the loan’s modified terms for a period of six months (including over a calendar year-end) and the modified interest rate represented a market rate at the time of a restructuring. The Managed Assets Division, in consultation with the respective loan officer, determines whether the modified interest rate represented a current market rate at the time of restructuring. Using knowledge of current market conditions and rates, competitive pricing on recent loan originations, and an assessment of various characteristics of the modified loan (including collateral position and payment history), an appropriate market rate for a new borrower with similar risk is determined. If the modified interest rate meets or exceeds this market rate for a new borrower with similar risk, the modified interest rate represents a market rate at the time of restructuring. Additionally, before removing a loan from TDR classification, a review of the current or previously measured impairment on the loan and any concerns related to future performance by the borrower is conducted. If concerns exist about the future ability of the borrower to meet its obligations under the loans based on a credit review by the Managed Assets Division, the TDR classification is not removed from the loan. Loans classified as TDRs that are re-modified subsequent to the initial determination will continue to be classified as TDRs following the re-modification, unless the requirements for removal from TDR classification discussed above are satisfied at the time of the re-modification. | ||||||||||||
TDRs are reviewed at the time of the modification and on a quarterly basis to determine if a specific reserve is necessary. The carrying amount of the loan is compared to the expected payments to be received, discounted at the loan's original rate, or for collateral dependent loans, to the fair value of the collateral. Any shortfall is recorded as a specific reserve. The Company, in accordance with ASC 310-10, continues to individually measure impairment of these loans after the TDR classification is removed. | ||||||||||||
Each TDR was reviewed for impairment at September 30, 2013 and approximately $4.4 million of impairment was present and appropriately reserved for through the Company’s normal reserving methodology in the Company’s allowance for loan losses. For TDRs in which impairment is calculated by the present value of future cash flows, the Company records interest income representing the decrease in impairment resulting from the passage of time during the respective period, which differs from interest income from contractually required interest on these specific loans. During the three months ended September 30, 2013 and 2012, the Company recorded $205,000 and $534,000, respectively, in interest income representing this decrease in impairment. During the nine months ended September 30, 2013 and 2012, the Company recorded $727,000 and $1.0 million, respectively, in interest income representing this decrease in impairment. | ||||||||||||
Consolidation of Securitization Entity | ' | |||||||||||
This securitization transaction was accounted for as a secured borrowing and the securitization entity was treated as a consolidated subsidiary of the Company under ASC 810, “Consolidation”. The securitization entity’s receivables underlying third-party investors’ interests were recorded in loans, net of unearned income, excluding covered loans, an allowance for loan losses was established and the related debt issued was reported in secured borrowings—owed to securitization investors. Additionally, the Company’s retained interests in the transaction, principally consisting of subordinated securities, cash collateral, and overcollateralization of loans, constituted intercompany positions, which were eliminated in the preparation of the Company’s Consolidated Statements of Condition. | ||||||||||||
Goodwill Impairment Test | ' | |||||||||||
At June 30, 2013, the Company utilized a qualitative approach for its annual goodwill impairment test of the community banking segment and determined that it is not more likely than not that an impairment existed at that time. No significant events occurred during the third quarter of 2013 that would require the Company to re-evaluate that determination. The annual goodwill impairment tests of the specialty finance and wealth management segments will be conducted at December 31, 2013. | ||||||||||||
Intangibles Amortizations | ' | |||||||||||
The customer list intangibles recognized in connection with this and prior acquisitions within the wealth management segment are being amortized over a ten-year period on a straight-line basis. | ||||||||||||
The core deposit intangibles recognized in connection with these acquisitions are amortized over a ten-year period on an accelerated basis. | ||||||||||||
The customer list intangibles recognized in connection with the purchase of life insurance premium finance assets in 2009 are being amortized over an 18-year period on an accelerated basis. | ||||||||||||
Notes Payable, Federal Home Loan Bank Advances, Other Borrowings, Secured Borrowings and Subordinated Notes | ' | |||||||||||
FHLB advances are stated at par value of the debt adjusted for unamortized fair value adjustments recorded in connection with advances acquired through acquisitions. | ||||||||||||
The junior subordinated notes were recorded at their initial principal balance of $44.7 million, net of issuance costs. These notes have a stated interest rate of 9.5% and require quarterly principal and interest payments of $4.3 million, with an initial payment of $4.6 million that was paid on March 15, 2011. The issuance costs are being amortized to interest expense using the effective-interest method. | ||||||||||||
These prepayment fees are classified in other assets on the Consolidated Statements of Condition and are amortized as an adjustment to interest expense using the effective interest method. | ||||||||||||
Offsetting Assets and Liabilities | ' | |||||||||||
At September 30, 2013 and 2012, securities sold under repurchase agreements are comprised of $43.2 million and $70.8 million, respectively, of customer balances in sweep accounts in connection with master repurchase agreements at the banks and $180.0 million and $266.6 million, respectively, of short-term borrowings from brokers. The Company records securities sold under repurchase agreements at their gross value and does not offset positions on the Consolidated Statements of Condition. | ||||||||||||
Repurchase Agreements, Collateral | ' | |||||||||||
Securities pledged for customer balances in sweep accounts and short-term borrowings from brokers are maintained under the Company’s control and consist of U.S. Government agency, mortgage-backed and corporate securities. These securities are included in the available-for-sale securities portfolio as reflected on the Company’s Consolidated Statements of Condition. | ||||||||||||
Junior Subordinated Debentures | ' | |||||||||||
The Trusts are reported in the Company’s consolidated financial statements as unconsolidated subsidiaries. Accordingly, in the Consolidated Statements of Condition, the junior subordinated debentures issued by the Company to the Trusts are reported as liabilities and the common securities of the Trusts, all of which are owned by the Company, are included in available-for-sale securities. | ||||||||||||
Derivatives | ' | |||||||||||
As required by ASC 815, the Company recognizes derivative financial instruments in the consolidated financial statements at fair value regardless of the purpose or intent for holding the instrument. Derivative financial instruments are included in other assets or other liabilities, as appropriate, on the Consolidated Statements of Condition. Changes in the fair value of derivative financial instruments are either recognized in income or in shareholders’ equity as a component of other comprehensive income depending on whether the derivative financial instrument qualifies for hedge accounting and, if so, whether it qualifies as a fair value hedge or cash flow hedge. Generally, changes in fair values of derivatives accounted for as fair value hedges are recorded in income in the same period and in the same income statement line as changes in the fair values of the hedged items that relate to the hedged risk(s). Changes in fair values of derivative financial instruments accounted for as cash flow hedges, to the extent they are effective hedges, are recorded as a component of other comprehensive income, net of deferred taxes, and reclassified to earnings when the hedged transaction affects earnings. Changes in fair values of derivative financial instruments not designated in a hedging relationship pursuant to ASC 815, including changes in fair value related to the ineffective portion of cash flow hedges, are reported in non-interest income during the period of the change. Derivative financial instruments are valued by a third party and are corroborated by comparison with valuations provided by the respective counterparties. Fair values of certain mortgage banking derivatives (interest rate lock commitments and forward commitments to sell mortgage loans on a best efforts basis) are estimated based on changes in mortgage interest rates from the date of the loan commitment. The fair value of foreign currency derivatives is computed based on changes in foreign currency rates stated in the contract compared to those prevailing at the measurement date. | ||||||||||||
Offsetting of Derivative Instruments | ' | |||||||||||
The Company records interest rate derivatives subject to master netting agreements at their gross value and does not offset derivative assets and liabilities on the Consolidated Statements of Condition | ||||||||||||
Fair Value Hierarchy Transfers In/Out of Levels | ' | |||||||||||
Transfers out of Level 3 are recognized at the end of the reporting period | ||||||||||||
Fair Value Measurement | ' | |||||||||||
The Company measures, monitors and discloses certain of its assets and liabilities on a fair value basis. These financial assets and financial liabilities are measured at fair value in three levels, based on the markets in which the assets and liabilities are traded and the observability of the assumptions used to determine fair value. These levels are: | ||||||||||||
• | Level 1—unadjusted quoted prices in active markets for identical assets or liabilities. | |||||||||||
• | Level 2—inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These include quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability or inputs that are derived principally from or corroborated by observable market data by correlation or other means. | |||||||||||
• | Level 3—significant unobservable inputs that reflect the Company’s own assumptions that market participants would use in pricing the assets or liabilities. Level 3 assets and liabilities include financial instruments whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant management judgment or estimation. | |||||||||||
A financial instrument’s categorization within the above valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the assets or liabilities. | ||||||||||||
Tangible Equity Unit | ' | |||||||||||
Upon settlement, an amount equal to $1.00 per common share issued will be reclassified from additional paid-in capital to common stock. | ||||||||||||
The prepaid stock purchase contracts have been recorded as surplus (a component of shareholders’ equity), net of issuance costs, and the junior subordinated amortizing notes have been recorded as debt within other borrowings. Issuance costs associated with the debt component are recorded as a discount within other borrowings and will be amortized over the term of the instrument to December 15, 2013. The Company allocated the proceeds from the issuance of the TEU to equity and debt based on the relative fair values of the respective components of each unit. | ||||||||||||
The aggregate fair values assigned to each component of the TEU offering at the issuance date were as follows: | ||||||||||||
(Dollars in thousands, except per unit amounts) | Equity | Debt | TEU Total | |||||||||
Component | Component | |||||||||||
Units issued (1) | 4,600 | 4,600 | 4,600 | |||||||||
Unit price | $ | 40.271818 | $ | 9.728182 | $ | 50 | ||||||
Gross proceeds | 185,250 | 44,750 | 230,000 | |||||||||
Issuance costs, including discount | 5,934 | 1,419 | 7,353 | |||||||||
Net proceeds | $ | 179,316 | $ | 43,331 | $ | 222,647 | ||||||
Balance sheet impact | ||||||||||||
Other borrowings | — | 43,331 | 43,331 | |||||||||
Surplus | 179,316 | — | 179,316 | |||||||||
-1 | TEUs consist of two components: one unit of the equity component and one unit of the debt component. | |||||||||||
The fair value of the debt component was determined using a discounted cash flow model using the following assumptions: (1) quarterly cash payments of 7.5%; (2) a maturity date of December 15, 2013; and (3) an assumed discount rate of 9.5%. The discount rate used for estimating the fair value was determined by obtaining yields for comparably-rated issuers trading in the market. The debt component was recorded at fair value, and the discount is being amortized using the level yield method over the term of the instrument to the settlement date of December 15, 2013. | ||||||||||||
The fair value of the equity component was determined using Black-Scholes valuation models applied to the range of stock prices contemplated by the terms of the TEU and using the following assumptions: (1) risk-free interest rate of 0.95%; (2) expected stock price volatility in the range of 35%-45%; (c) dividend yield plus stock borrow cost of 0.85%; and (4) term of 3.02 years. | ||||||||||||
Each junior subordinated amortizing note, which had an initial principal amount of $9.728182, is bearing interest at 9.50% per annum, and has a scheduled final installment payment date of December 15, 2013. On each March 15, June 15, September 15 and December 15, the Company will pay equal quarterly installments of $0.9375 on each amortizing note. Each payment will constitute a payment of interest and a partial repayment of principal. The Company may defer installment payments at any time and from time to time, under certain circumstances and subject to certain conditions, by extending the installment period so long as such period of time does not extend beyond December 15, 2015. | ||||||||||||
Earnings Per Share | ' | |||||||||||
Potentially dilutive common shares can result from stock options, restricted stock unit awards, stock warrants, the Company’s convertible preferred stock, tangible equity unit shares and shares to be issued under the Employee Stock Purchase Plan and the Directors Deferred Fee and Stock Plan, being treated as if they had been either exercised or issued, computed by application of the treasury stock method. While potentially dilutive common shares are typically included in the computation of diluted earnings per share, potentially dilutive common shares are excluded from this computation in periods in which the effect would reduce the loss per share or increase the income per share. For diluted earnings per share, net income applicable to common shares can be affected by the conversion of the Company’s convertible preferred stock. Where the effect of this conversion would reduce the loss per share or increase the income per share, net income applicable to common shares is not adjusted by the associated preferred dividends. | ||||||||||||
Compensation Related Costs, Policy [Policy Text Block] | ' | |||||||||||
Stock-based compensation is measured as the fair value of an award on the date of grant, and the measured cost is recognized over the period which the recipient is required to provide service in exchange for the award. The fair values of restricted shares and performance-based stock awards are determined based on the average of the high and low trading prices on the grant date, and the fair value of stock options is estimated using a Black-Scholes option-pricing model that utilizes the assumptions outlined in the following table. Option-pricing models require the input of highly subjective assumptions and are sensitive to changes in the option's expected life and the price volatility of the underlying stock, which can materially affect the fair value estimate. Expected life has been based on historical exercise and termination behavior as well as the term of the option, but the expected life of the options granted pursuant to the LTIP awards was based on the safe harbor rule of the SEC Staff Accounting Bulletin No. 107 “Share-Based Payment” as the Company believes historical exercise data may not provide a reasonable basis to estimate the expected term of these options. Expected stock price volatility is based on historical volatility of the Company's common stock, which correlates with the expected life of the options, and the risk-free interest rate is based on comparable U.S. Treasury rates. Management reviews and adjusts the assumptions used to calculate the fair value of an option on a periodic basis to better reflect expected trends. |
Business_Combinations_Tables
Business Combinations (Tables) | 9 Months Ended | |||||||||||||||
Sep. 30, 2013 | ||||||||||||||||
Business Combinations [Abstract] | ' | |||||||||||||||
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | ' | |||||||||||||||
Since January 1, 2012, the Company has acquired the banking operations, including the acquisition of certain assets and the assumption of liabilities, of three financial institutions in FDIC-assisted transactions. The following table presents details related to these three transactions: | ||||||||||||||||
(Dollars in thousands) | Charter | Second Federal | First United Bank | |||||||||||||
National | ||||||||||||||||
Date of acquisition | February 10, | July 20, | September 28, | |||||||||||||
2012 | 2012 | 2012 | ||||||||||||||
Fair value of assets acquired, at the acquisition date | $ | 92,355 | $ | 171,625 | $ | 328,408 | ||||||||||
Fair value of loans acquired, at the acquisition date | 45,555 | — | 77,964 | |||||||||||||
Fair value of liabilities assumed, at the acquisition date | 91,570 | 171,582 | 321,734 | |||||||||||||
Fair value of reimbursable losses, at the acquisition date(1) | 13,164 | — | 67,190 | |||||||||||||
Gain on bargain purchase recognized | 785 | 43 | 6,675 | |||||||||||||
(1) As no assets subject to loss sharing agreements were acquired in the acquisition of Second Federal, there was no fair value of reimbursable losses. | ||||||||||||||||
FDIC Indemnification Asset Roll Forward | ' | |||||||||||||||
The following table summarizes the activity in the Company’s FDIC indemnification asset during the periods indicated: | ||||||||||||||||
Three Months Ended | Nine Months Ended | |||||||||||||||
(Dollars in thousands) | 30-Sep-13 | 30-Sep-12 | 30-Sep-13 | 30-Sep-12 | ||||||||||||
Balance at beginning of period | $ | 137,681 | $ | 222,568 | $ | 208,160 | $ | 344,251 | ||||||||
Additions from acquisitions | — | 65,100 | — | 78,264 | ||||||||||||
Additions from reimbursable expenses | 3,062 | 5,669 | 10,922 | 18,646 | ||||||||||||
Amortization | (1,763 | ) | (1,139 | ) | (5,884 | ) | (3,919 | ) | ||||||||
Changes in expected reimbursements from the FDIC for changes in expected credit losses | (12,742 | ) | (16,579 | ) | (65,477 | ) | (46,343 | ) | ||||||||
Payments received from the FDIC | (25,925 | ) | (37,314 | ) | (47,408 | ) | (152,594 | ) | ||||||||
Balance at end of period | $ | 100,313 | $ | 238,305 | $ | 100,313 | $ | 238,305 | ||||||||
AvailableForSale_Securities_Ta
Available-For-Sale Securities (Tables) | 9 Months Ended | |||||||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||||||
Available-for-sale Securities [Abstract] | ' | |||||||||||||||||||||||
Schedule Of The Available-For-Sale Securities Reconciliation | ' | |||||||||||||||||||||||
The following tables are a summary of the available-for-sale securities portfolio as of the dates shown: | ||||||||||||||||||||||||
30-Sep-13 | ||||||||||||||||||||||||
(Dollars in thousands) | Amortized | Gross | Gross | Fair | ||||||||||||||||||||
Cost | Unrealized | Unrealized | Value | |||||||||||||||||||||
Gains | Losses | |||||||||||||||||||||||
U.S. Treasury | $ | 225,190 | $ | 150 | $ | (14,438 | ) | $ | 210,902 | |||||||||||||||
U.S. Government agencies | 954,050 | 2,213 | (43,574 | ) | 912,689 | |||||||||||||||||||
Municipal | 152,010 | 1,983 | (3,346 | ) | 150,647 | |||||||||||||||||||
Corporate notes and other: | ||||||||||||||||||||||||
Financial issuers | 132,320 | 2,252 | (2,513 | ) | 132,059 | |||||||||||||||||||
Other | 7,011 | 126 | (15 | ) | 7,122 | |||||||||||||||||||
Mortgage-backed: (1) | ||||||||||||||||||||||||
Mortgage-backed securities | 268,166 | 4,157 | (12,861 | ) | 259,462 | |||||||||||||||||||
Collateralized mortgage obligations | 60,001 | 458 | (728 | ) | 59,731 | |||||||||||||||||||
Other equity securities | 53,837 | 1,097 | (5,663 | ) | 49,271 | |||||||||||||||||||
Total available-for-sale securities | $ | 1,852,585 | $ | 12,436 | $ | (83,138 | ) | $ | 1,781,883 | |||||||||||||||
31-Dec-12 | ||||||||||||||||||||||||
Amortized | Gross | Gross | Fair | |||||||||||||||||||||
Cost | Unrealized | Unrealized | Value | |||||||||||||||||||||
(Dollars in thousands) | Gains | Losses | ||||||||||||||||||||||
U.S. Treasury | $ | 220,226 | $ | 198 | $ | (937 | ) | $ | 219,487 | |||||||||||||||
U.S. Government agencies | 986,186 | 4,839 | (986 | ) | 990,039 | |||||||||||||||||||
Municipal | 107,868 | 2,899 | (296 | ) | 110,471 | |||||||||||||||||||
Corporate notes and other: | ||||||||||||||||||||||||
Financial issuers | 142,205 | 2,452 | (3,982 | ) | 140,675 | |||||||||||||||||||
Other | 13,911 | 220 | — | 14,131 | ||||||||||||||||||||
Mortgage-backed: (1) | ||||||||||||||||||||||||
Mortgage-backed securities | 188,485 | 8,805 | (30 | ) | 197,260 | |||||||||||||||||||
Collateralized mortgage obligations | 73,386 | 928 | — | 74,314 | ||||||||||||||||||||
Other equity securities | 52,846 | 215 | (3,362 | ) | 49,699 | |||||||||||||||||||
Total available-for-sale securities | $ | 1,785,113 | $ | 20,556 | $ | (9,593 | ) | $ | 1,796,076 | |||||||||||||||
30-Sep-12 | ||||||||||||||||||||||||
Amortized | Gross | Gross | Fair | |||||||||||||||||||||
Cost | Unrealized | Unrealized | Value | |||||||||||||||||||||
(Dollars in thousands) | Gains | Losses | ||||||||||||||||||||||
U.S. Treasury | $ | 25,045 | $ | 211 | $ | — | $ | 25,256 | ||||||||||||||||
U.S. Government agencies | 626,725 | 3,833 | (2,374 | ) | 628,184 | |||||||||||||||||||
Municipal | 96,696 | 2,711 | (23 | ) | 99,384 | |||||||||||||||||||
Corporate notes and other: | ||||||||||||||||||||||||
Financial issuers | 142,158 | 2,550 | (5,170 | ) | 139,538 | |||||||||||||||||||
Other | 17,200 | 251 | — | 17,451 | ||||||||||||||||||||
Mortgage-backed: (1) | ||||||||||||||||||||||||
Mortgage-backed securities | 225,393 | 13,733 | — | 239,126 | ||||||||||||||||||||
Collateralized mortgage obligations | 66,422 | 690 | — | 67,112 | ||||||||||||||||||||
Other equity securities | 43,737 | 216 | (3,236 | ) | 40,717 | |||||||||||||||||||
Total available-for-sale securities | $ | 1,243,376 | $ | 24,195 | $ | (10,803 | ) | $ | 1,256,768 | |||||||||||||||
-1 | Consisting entirely of residential mortgage-backed securities, none of which are subprime. | |||||||||||||||||||||||
Available-For-Sale Securities, Continuous Unrealized Loss Position, Fair Value | ' | |||||||||||||||||||||||
The following table presents the portion of the Company’s available-for-sale securities portfolio which has gross unrealized losses, reflecting the length of time that individual securities have been in a continuous unrealized loss position at September 30, 2013: | ||||||||||||||||||||||||
Continuous unrealized | Continuous unrealized | Total | ||||||||||||||||||||||
losses existing for | losses existing for | |||||||||||||||||||||||
less than 12 months | greater than 12 months | |||||||||||||||||||||||
(Dollars in thousands) | Fair Value | Unrealized Losses | Fair Value | Unrealized Losses | Fair Value | Unrealized Losses | ||||||||||||||||||
U.S. Treasury | $ | 185,734 | $ | (14,438 | ) | $ | — | $ | — | $ | 185,734 | $ | (14,438 | ) | ||||||||||
U.S. Government agencies | 413,113 | (37,142 | ) | 60,240 | (6,432 | ) | 473,353 | (43,574 | ) | |||||||||||||||
Municipal | 78,209 | (3,342 | ) | 696 | (4 | ) | 78,905 | (3,346 | ) | |||||||||||||||
Corporate notes and other: | ||||||||||||||||||||||||
Financial issuers | 16,530 | (232 | ) | 63,661 | (2,281 | ) | 80,191 | (2,513 | ) | |||||||||||||||
Other | 985 | (15 | ) | — | — | 985 | (15 | ) | ||||||||||||||||
Mortgage-backed: | ||||||||||||||||||||||||
Mortgage-backed securities | 175,261 | (12,861 | ) | — | — | 175,261 | (12,861 | ) | ||||||||||||||||
Collateralized mortgage obligations | 33,511 | (728 | ) | — | — | 33,511 | (728 | ) | ||||||||||||||||
Other equity securities | 14,507 | (614 | ) | 20,350 | (5,049 | ) | 34,857 | (5,663 | ) | |||||||||||||||
Total | $ | 917,850 | $ | (69,372 | ) | $ | 144,947 | $ | (13,766 | ) | $ | 1,062,797 | $ | (83,138 | ) | |||||||||
Schedule Of Realized Gain (Loss) | ' | |||||||||||||||||||||||
The following table provides information as to the amount of gross gains and gross losses realized and proceeds received through the sales of available-for-sale investment securities: | ||||||||||||||||||||||||
Three months ended September 30, | Nine months ended September 30, | |||||||||||||||||||||||
(Dollars in thousands) | 2013 | 2012 | 2013 | 2012 | ||||||||||||||||||||
Realized gains | $ | 118 | $ | 413 | $ | 434 | $ | 2,350 | ||||||||||||||||
Realized losses | (43 | ) | (4 | ) | (106 | ) | (16 | ) | ||||||||||||||||
Net realized gains | $ | 75 | $ | 409 | $ | 328 | $ | 2,334 | ||||||||||||||||
Other than temporary impairment charges | — | — | — | — | ||||||||||||||||||||
Gains on available-for-sale securities, net | $ | 75 | $ | 409 | $ | 328 | $ | 2,334 | ||||||||||||||||
Proceeds from sales of available-for-sale securities | $ | 45,078 | $ | 694,608 | $ | 129,537 | $ | 2,059,154 | ||||||||||||||||
Investments Classified by Contractual Maturity Date | ' | |||||||||||||||||||||||
The amortized cost and fair value of securities as of September 30, 2013, December 31, 2012 and September 30, 2012, by contractual maturity, are shown in the following table. Contractual maturities may differ from actual maturities as borrowers may have the right to call or repay obligations with or without call or prepayment penalties. Mortgage-backed securities are not included in the maturity categories in the following maturity summary as actual maturities may differ from contractual maturities because the underlying mortgages may be called or prepaid without penalties: | ||||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | 30-Sep-12 | ||||||||||||||||||||||
(Dollars in thousands) | Amortized Cost | Fair Value | Amortized Cost | Fair Value | Amortized Cost | Fair Value | ||||||||||||||||||
Due in one year or less | $ | 285,746 | $ | 286,066 | $ | 188,594 | $ | 189,015 | $ | 83,658 | $ | 83,863 | ||||||||||||
Due in one to five years | 316,076 | 316,474 | 419,588 | 419,654 | 471,863 | 471,747 | ||||||||||||||||||
Due in five to ten years | 344,742 | 328,895 | 361,037 | 362,135 | 135,580 | 137,116 | ||||||||||||||||||
Due after ten years | 524,017 | 481,984 | 501,177 | 503,999 | 216,723 | 217,087 | ||||||||||||||||||
Mortgage-backed | 328,167 | 319,193 | 261,871 | 271,574 | 291,815 | 306,238 | ||||||||||||||||||
Other equity securities | 53,837 | 49,271 | 52,846 | 49,699 | 43,737 | 40,717 | ||||||||||||||||||
Total available-for-sale securities | $ | 1,852,585 | $ | 1,781,883 | $ | 1,785,113 | $ | 1,796,076 | $ | 1,243,376 | $ | 1,256,768 | ||||||||||||
Loans_Tables
Loans (Tables) | 9 Months Ended | |||||||||||||||
Sep. 30, 2013 | ||||||||||||||||
Loans and Leases Receivable Disclosure [Abstract] | ' | |||||||||||||||
Summary Of Loan Portfolio | ' | |||||||||||||||
The following table shows the Company’s loan portfolio by category as of the dates shown: | ||||||||||||||||
September 30, | December 31, | September 30, | ||||||||||||||
(Dollars in thousands) | 2013 | 2012 | 2012 | |||||||||||||
Balance: | ||||||||||||||||
Commercial | $ | 3,109,121 | $ | 2,914,798 | $ | 2,771,053 | ||||||||||
Commercial real-estate | 4,146,110 | 3,864,118 | 3,699,712 | |||||||||||||
Home equity | 736,620 | 788,474 | 807,592 | |||||||||||||
Residential real-estate | 397,707 | 367,213 | 376,678 | |||||||||||||
Premium finance receivables—commercial | 2,150,481 | 1,987,856 | 1,982,945 | |||||||||||||
Premium finance receivables—life insurance | 1,869,739 | 1,725,166 | 1,665,620 | |||||||||||||
Indirect consumer | 57,236 | 77,333 | 77,378 | |||||||||||||
Consumer and other | 114,025 | 103,985 | 108,922 | |||||||||||||
Total loans, net of unearned income, excluding covered loans | $ | 12,581,039 | $ | 11,828,943 | $ | 11,489,900 | ||||||||||
Covered loans | 415,988 | 560,087 | 657,525 | |||||||||||||
Total loans | $ | 12,997,027 | $ | 12,389,030 | $ | 12,147,425 | ||||||||||
Mix: | ||||||||||||||||
Commercial | 24 | % | 24 | % | 23 | % | ||||||||||
Commercial real-estate | 32 | 31 | 30 | |||||||||||||
Home equity | 6 | 6 | 7 | |||||||||||||
Residential real-estate | 3 | 3 | 3 | |||||||||||||
Premium finance receivables—commercial | 16 | 16 | 16 | |||||||||||||
Premium finance receivables—life insurance | 14 | 14 | 14 | |||||||||||||
Indirect consumer | 1 | 1 | 1 | |||||||||||||
Consumer and other | 1 | 1 | 1 | |||||||||||||
Total loans, net of unearned income, excluding covered loans | 97 | % | 96 | % | 95 | % | ||||||||||
Covered loans | 3 | 4 | 5 | |||||||||||||
Total loans | 100 | % | 100 | % | 100 | % | ||||||||||
Schedule Of Unpaid Principal Balance And Carrying Value Of Acquired Loans Table [Text Block] | ' | |||||||||||||||
The following table presents the unpaid principal balance and carrying value for these acquired loans: | ||||||||||||||||
30-Sep-13 | 31-Dec-12 | |||||||||||||||
Unpaid | Carrying | Unpaid | Carrying | |||||||||||||
Principal | Principal | |||||||||||||||
(Dollars in thousands) | Balance | Value | Balance | Value | ||||||||||||
Bank acquisitions | $ | 496,355 | $ | 380,733 | $ | 674,868 | $ | 503,837 | ||||||||
Life insurance premium finance loans acquisition | 475,711 | 459,883 | 536,503 | 514,459 | ||||||||||||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Table Text Block] | ' | |||||||||||||||
For loans acquired with evidence of credit quality deterioration since origination as a result of acquisitions during the nine months ended September 30, 2013, the following table provides estimated details on these loans at the date of acquisition: | ||||||||||||||||
(Dollars in thousands) | FNBI | |||||||||||||||
Contractually required payments including interest | $ | 32,022 | ||||||||||||||
Less: Nonaccretable difference | 8,890 | |||||||||||||||
Cash flows expected to be collected (1) | 23,132 | |||||||||||||||
Less: Accretable yield | 2,055 | |||||||||||||||
Fair value of loans acquired with evidence of credit quality deterioration since origination | $ | 21,077 | ||||||||||||||
-1 | Represents undiscounted expected principal and interest cash flows at acquisition. | |||||||||||||||
Activity Related To Accretable Yield Of Loans Acquired With Evidence Of Credit Quality Deterioratio Since Origination | ' | |||||||||||||||
Changes in expected cash flows may vary from period to period as the Company periodically updates its cash flow model assumptions for loans acquired with evidence of credit quality deterioration since origination. The factors that most significantly affect the estimates of gross cash flows expected to be collected, and accordingly the accretable yield, include changes in the benchmark interest rate indices for variable-rate products and changes in prepayment assumptions and loss estimates. The following table provides activity for the accretable yield of loans acquired with evidence of credit quality deterioration since origination: | ||||||||||||||||
Three Months Ended | Three Months Ended | |||||||||||||||
30-Sep-13 | 30-Sep-12 | |||||||||||||||
(Dollars in thousands) | Bank Acquisitions | Life Insurance | Bank | Life Insurance | ||||||||||||
Premium Finance Loans | Acquisitions | Premium | ||||||||||||||
Finance Loans | ||||||||||||||||
Accretable yield, beginning balance | $ | 130,856 | $ | 10,287 | $ | 171,801 | $ | 14,626 | ||||||||
Acquisitions | — | — | 6,052 | — | ||||||||||||
Accretable yield amortized to interest income | (9,056 | ) | (1,943 | ) | (12,266 | ) | (2,309 | ) | ||||||||
Accretable yield amortized to indemnification asset (1) | (8,279 | ) | — | (16,472 | ) | — | ||||||||||
Reclassification from non-accretable difference (2) | 8,703 | 234 | 4,636 | 2,951 | ||||||||||||
(Decreases) increases in interest cash flows due to payments and changes in interest rates | (5,194 | ) | 235 | (1,951 | ) | 158 | ||||||||||
Accretable yield, ending balance (3) | $ | 117,030 | $ | 8,813 | $ | 151,800 | $ | 15,426 | ||||||||
Nine Months Ended | Nine Months Ended | |||||||||||||||
30-Sep-13 | 30-Sep-12 | |||||||||||||||
(Dollars in thousands) | Bank Acquisitions | Life Insurance | Bank | Life Insurance | ||||||||||||
Premium Finance Loans | Acquisitions | Premium | ||||||||||||||
Finance Loans | ||||||||||||||||
Accretable yield, beginning balance | $ | 143,224 | $ | 13,055 | $ | 173,120 | $ | 18,861 | ||||||||
Acquisitions | 1,977 | — | 8,340 | — | ||||||||||||
Accretable yield amortized to interest income | (27,980 | ) | (6,216 | ) | (40,545 | ) | (8,795 | ) | ||||||||
Accretable yield amortized to indemnification asset (1) | (28,891 | ) | — | (55,912 | ) | — | ||||||||||
Reclassification from non-accretable difference (2) | 44,907 | 1,241 | 53,827 | 4,096 | ||||||||||||
(Decreases) increases in interest cash flows due to payments and changes in interest rates | (16,207 | ) | 733 | 12,970 | 1,264 | |||||||||||
Accretable yield, ending balance (3) | $ | 117,030 | $ | 8,813 | $ | 151,800 | $ | 15,426 | ||||||||
-1 | Represents the portion of the current period accreted yield, resulting from lower expected losses, applied to reduce the loss share indemnification asset. | |||||||||||||||
-2 | Reclassification is the result of subsequent increases in expected principal cash flows. | |||||||||||||||
-3 | As of September 30, 2013, the Company estimates that the remaining accretable yield balance to be amortized to the indemnification asset for the bank acquisitions is $40.5 million. The remainder of the accretable yield related to bank acquisitions is expected to be amortized to interest income. |
Allowance_for_Loan_Losses_Allo1
Allowance for Loan Losses, Allowance for Losses on Lending-Related Commitments and Impaired Loans (Tables) | 9 Months Ended | |||||||||||||||||||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||||||||||||||||||
Loans and Leases Receivable, Allowance [Abstract] | ' | |||||||||||||||||||||||||||||||||||
Schedule Of Aging Of The Company's Loan Portfolio | ' | |||||||||||||||||||||||||||||||||||
The tables below show the aging of the Company’s loan portfolio at September 30, 2013, December 31, 2012 and September 30, 2012: | ||||||||||||||||||||||||||||||||||||
As of September 30, 2013 | 90+ days and still accruing | 60-89 days past due | 30-59 days past due | |||||||||||||||||||||||||||||||||
(Dollars in thousands) | Nonaccrual | Current | Total Loans | |||||||||||||||||||||||||||||||||
Loan Balances: | ||||||||||||||||||||||||||||||||||||
Commercial | ||||||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 15,283 | $ | 190 | $ | 3,585 | $ | 15,261 | $ | 1,688,232 | $ | 1,722,551 | ||||||||||||||||||||||||
Franchise | — | — | 113 | — | 213,215 | 213,328 | ||||||||||||||||||||||||||||||
Mortgage warehouse lines of credit | — | — | — | — | 71,383 | 71,383 | ||||||||||||||||||||||||||||||
Community Advantage—homeowners association | — | — | — | — | 90,504 | 90,504 | ||||||||||||||||||||||||||||||
Aircraft | — | — | — | — | 12,601 | 12,601 | ||||||||||||||||||||||||||||||
Asset-based lending | 2,364 | — | 693 | 3,926 | 732,585 | 739,568 | ||||||||||||||||||||||||||||||
Tax exempt | — | — | — | — | 148,103 | 148,103 | ||||||||||||||||||||||||||||||
Leases | — | — | — | — | 101,654 | 101,654 | ||||||||||||||||||||||||||||||
Other | — | — | — | — | 90 | 90 | ||||||||||||||||||||||||||||||
Purchased non-covered commercial (1) | — | 265 | — | 1,642 | 7,432 | 9,339 | ||||||||||||||||||||||||||||||
Total commercial | 17,647 | 455 | 4,391 | 20,829 | 3,065,799 | 3,109,121 | ||||||||||||||||||||||||||||||
Commercial real-estate: | ||||||||||||||||||||||||||||||||||||
Residential construction | 2,049 | 3,120 | 1,595 | 261 | 33,305 | 40,330 | ||||||||||||||||||||||||||||||
Commercial construction | 7,854 | — | — | — | 138,234 | 146,088 | ||||||||||||||||||||||||||||||
Land | 4,216 | — | — | 4,082 | 100,953 | 109,251 | ||||||||||||||||||||||||||||||
Office | 4,318 | — | 3,965 | 1,270 | 624,967 | 634,520 | ||||||||||||||||||||||||||||||
Industrial | 8,184 | — | — | 2,419 | 614,409 | 625,012 | ||||||||||||||||||||||||||||||
Retail | 11,259 | — | 271 | 7,422 | 593,263 | 612,215 | ||||||||||||||||||||||||||||||
Multi-family | 2,603 | — | — | 4,332 | 543,690 | 550,625 | ||||||||||||||||||||||||||||||
Mixed use and other | 12,240 | 269 | 2,761 | 15,371 | 1,339,029 | 1,369,670 | ||||||||||||||||||||||||||||||
Purchased non-covered commercial real-estate (1) | — | 9,607 | 3,380 | 2,702 | 42,710 | 58,399 | ||||||||||||||||||||||||||||||
Total commercial real-estate | 52,723 | 12,996 | 11,972 | 37,859 | 4,030,560 | 4,146,110 | ||||||||||||||||||||||||||||||
Home equity | 10,926 | — | 2,436 | 5,887 | 717,371 | 736,620 | ||||||||||||||||||||||||||||||
Residential real estate | 14,126 | — | 1,749 | 2,844 | 377,489 | 396,208 | ||||||||||||||||||||||||||||||
Purchased non-covered residential real estate (1) | — | 447 | 289 | 34 | 729 | 1,499 | ||||||||||||||||||||||||||||||
Premium finance receivables | ||||||||||||||||||||||||||||||||||||
Commercial insurance loans | 10,132 | 11,751 | 5,307 | 14,628 | 2,108,663 | 2,150,481 | ||||||||||||||||||||||||||||||
Life insurance loans | 14 | 592 | 6,428 | — | 1,402,822 | 1,409,856 | ||||||||||||||||||||||||||||||
Purchased life insurance loans (1) | — | — | — | — | 459,883 | 459,883 | ||||||||||||||||||||||||||||||
Indirect consumer | 80 | 100 | 97 | 231 | 56,728 | 57,236 | ||||||||||||||||||||||||||||||
Consumer and other | 1,591 | — | 319 | 445 | 111,491 | 113,846 | ||||||||||||||||||||||||||||||
Purchased non-covered consumer and other (1) | — | 28 | — | 19 | 132 | 179 | ||||||||||||||||||||||||||||||
Total loans, net of unearned income, excluding covered loans | $ | 107,239 | $ | 26,369 | $ | 32,988 | $ | 82,776 | $ | 12,331,667 | $ | 12,581,039 | ||||||||||||||||||||||||
Covered loans | 8,602 | 81,430 | 9,813 | 9,216 | 306,927 | 415,988 | ||||||||||||||||||||||||||||||
Total loans, net of unearned income | $ | 115,841 | $ | 107,799 | $ | 42,801 | $ | 91,992 | $ | 12,638,594 | $ | 12,997,027 | ||||||||||||||||||||||||
-1 | Purchased loans represent loans acquired with evidence of credit quality deterioration since origination, in accordance with ASC 310-30. Loan agings are based upon contractually required payments. | |||||||||||||||||||||||||||||||||||
As of December 31, 2012 | 90+ days and still accruing | 60-89 days past due | 30-59 days past due | |||||||||||||||||||||||||||||||||
(Dollars in thousands) | Nonaccrual | Current | Total Loans | |||||||||||||||||||||||||||||||||
Loan Balances: | ||||||||||||||||||||||||||||||||||||
Commercial | ||||||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 19,409 | $ | — | $ | 5,520 | $ | 15,410 | $ | 1,587,864 | $ | 1,628,203 | ||||||||||||||||||||||||
Franchise | 1,792 | — | — | — | 194,603 | 196,395 | ||||||||||||||||||||||||||||||
Mortgage warehouse lines of credit | — | — | — | — | 215,076 | 215,076 | ||||||||||||||||||||||||||||||
Community Advantage—homeowners association | — | — | — | — | 81,496 | 81,496 | ||||||||||||||||||||||||||||||
Aircraft | — | — | 148 | — | 17,216 | 17,364 | ||||||||||||||||||||||||||||||
Asset-based lending | 536 | — | 1,126 | 6,622 | 564,154 | 572,438 | ||||||||||||||||||||||||||||||
Tax exempt | — | — | — | — | 91,824 | 91,824 | ||||||||||||||||||||||||||||||
Leases | — | — | — | 896 | 89,547 | 90,443 | ||||||||||||||||||||||||||||||
Other | — | — | — | — | 16,549 | 16,549 | ||||||||||||||||||||||||||||||
Purchased non-covered commercial (1) | — | 496 | 432 | 7 | 4,075 | 5,010 | ||||||||||||||||||||||||||||||
Total commercial | 21,737 | 496 | 7,226 | 22,935 | 2,862,404 | 2,914,798 | ||||||||||||||||||||||||||||||
Commercial real-estate | ||||||||||||||||||||||||||||||||||||
Residential construction | 3,110 | — | 4 | 41 | 37,246 | 40,401 | ||||||||||||||||||||||||||||||
Commercial construction | 2,159 | — | 885 | 386 | 167,525 | 170,955 | ||||||||||||||||||||||||||||||
Land | 11,299 | — | 632 | 9,014 | 113,252 | 134,197 | ||||||||||||||||||||||||||||||
Office | 4,196 | — | 1,889 | 3,280 | 560,346 | 569,711 | ||||||||||||||||||||||||||||||
Industrial | 2,089 | — | 6,042 | 4,512 | 565,294 | 577,937 | ||||||||||||||||||||||||||||||
Retail | 7,792 | — | 1,372 | 998 | 558,734 | 568,896 | ||||||||||||||||||||||||||||||
Multi-family | 2,586 | — | 3,949 | 1,040 | 389,116 | 396,691 | ||||||||||||||||||||||||||||||
Mixed use and other | 16,742 | — | 6,660 | 13,349 | 1,312,503 | 1,349,254 | ||||||||||||||||||||||||||||||
Purchased non-covered commercial real-estate (1) | — | 749 | 2,663 | 2,508 | 50,156 | 56,076 | ||||||||||||||||||||||||||||||
Total commercial real-estate | 49,973 | 749 | 24,096 | 35,128 | 3,754,172 | 3,864,118 | ||||||||||||||||||||||||||||||
Home equity | 13,423 | 100 | 1,592 | 5,043 | 768,316 | 788,474 | ||||||||||||||||||||||||||||||
Residential real-estate | 11,728 | — | 2,763 | 8,250 | 343,616 | 366,357 | ||||||||||||||||||||||||||||||
Purchased non-covered residential real-estate (1) | — | — | 200 | — | 656 | 856 | ||||||||||||||||||||||||||||||
Premium finance receivables | ||||||||||||||||||||||||||||||||||||
Commercial insurance loans | 9,302 | 10,008 | 6,729 | 19,597 | 1,942,220 | 1,987,856 | ||||||||||||||||||||||||||||||
Life insurance loans | 25 | — | — | 5,531 | 1,205,151 | 1,210,707 | ||||||||||||||||||||||||||||||
Purchased life insurance loans (1) | — | — | — | — | 514,459 | 514,459 | ||||||||||||||||||||||||||||||
Indirect consumer | 55 | 189 | 51 | 442 | 76,596 | 77,333 | ||||||||||||||||||||||||||||||
Consumer and other | 1,511 | 32 | 167 | 433 | 99,010 | 101,153 | ||||||||||||||||||||||||||||||
Purchased non-covered consumer and other (1) | — | 66 | 32 | 101 | 2,633 | 2,832 | ||||||||||||||||||||||||||||||
Total loans, net of unearned income, excluding covered loans | $ | 107,754 | $ | 11,640 | $ | 42,856 | $ | 97,460 | $ | 11,569,233 | $ | 11,828,943 | ||||||||||||||||||||||||
Covered loans | 1,988 | 122,350 | 16,108 | 7,999 | 411,642 | 560,087 | ||||||||||||||||||||||||||||||
Total loans, net of unearned income | $ | 109,742 | $ | 133,990 | $ | 58,964 | $ | 105,459 | $ | 11,980,875 | $ | 12,389,030 | ||||||||||||||||||||||||
-1 | Purchased loans represent loans acquired with evidence of credit quality deterioration since origination, in accordance with ASC 310-30. Loan agings are based upon contractually required payments. | |||||||||||||||||||||||||||||||||||
As of September 30, 2012 | 90+ days and still accruing | 60-89 days past due | 30-59 days past due | |||||||||||||||||||||||||||||||||
(Dollars in thousands) | Nonaccrual | Current | Total Loans | |||||||||||||||||||||||||||||||||
Loan Balances: | ||||||||||||||||||||||||||||||||||||
Commercial | ||||||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 15,163 | $ | — | $ | 5,985 | $ | 16,631 | $ | 1,518,596 | $ | 1,556,375 | ||||||||||||||||||||||||
Franchise | 1,792 | — | — | — | 177,914 | 179,706 | ||||||||||||||||||||||||||||||
Mortgage warehouse lines of credit | — | — | — | — | 225,295 | 225,295 | ||||||||||||||||||||||||||||||
Community Advantage—homeowners association | — | — | — | — | 73,881 | 73,881 | ||||||||||||||||||||||||||||||
Aircraft | 428 | — | — | 150 | 20,866 | 21,444 | ||||||||||||||||||||||||||||||
Asset-based lending | 328 | — | 1,211 | 5,556 | 525,966 | 533,061 | ||||||||||||||||||||||||||||||
Tax exempt | — | — | — | — | 90,404 | 90,404 | ||||||||||||||||||||||||||||||
Leases | — | — | — | — | 83,351 | 83,351 | ||||||||||||||||||||||||||||||
Other | — | — | — | — | 1,576 | 1,576 | ||||||||||||||||||||||||||||||
Purchased non-covered commercial (1) | — | 499 | — | — | 5,461 | 5,960 | ||||||||||||||||||||||||||||||
Total commercial | 17,711 | 499 | 7,196 | 22,337 | 2,723,310 | 2,771,053 | ||||||||||||||||||||||||||||||
Commercial real-estate: | ||||||||||||||||||||||||||||||||||||
Residential construction | 2,141 | — | 3,008 | — | 39,106 | 44,255 | ||||||||||||||||||||||||||||||
Commercial construction | 3,315 | — | 163 | 13,072 | 152,993 | 169,543 | ||||||||||||||||||||||||||||||
Land | 10,629 | — | 3,033 | 3,017 | 116,807 | 133,486 | ||||||||||||||||||||||||||||||
Office | 6,185 | — | 5,717 | 7,237 | 565,182 | 584,321 | ||||||||||||||||||||||||||||||
Industrial | 1,885 | — | 645 | 1,681 | 570,114 | 574,325 | ||||||||||||||||||||||||||||||
Retail | 10,133 | — | 1,853 | 5,617 | 543,066 | 560,669 | ||||||||||||||||||||||||||||||
Multi-family | 3,314 | — | 3,062 | — | 357,047 | 363,423 | ||||||||||||||||||||||||||||||
Mixed use and other | 20,859 | — | 9,779 | 14,990 | 1,175,222 | 1,220,850 | ||||||||||||||||||||||||||||||
Purchased non-covered commercial real-estate (1) | — | 1,066 | 150 | 389 | 47,235 | 48,840 | ||||||||||||||||||||||||||||||
Total commercial real-estate | 58,461 | 1,066 | 27,410 | 46,003 | 3,566,772 | 3,699,712 | ||||||||||||||||||||||||||||||
Home equity | 11,504 | — | 5,905 | 5,642 | 784,541 | 807,592 | ||||||||||||||||||||||||||||||
Residential real estate | 15,393 | — | 3,281 | 2,637 | 354,711 | 376,022 | ||||||||||||||||||||||||||||||
Purchased non-covered residential real estate (1) | — | — | — | — | 656 | 656 | ||||||||||||||||||||||||||||||
Premium finance receivables | ||||||||||||||||||||||||||||||||||||
Commercial insurance loans | 7,488 | 5,533 | 5,881 | 14,369 | 1,949,674 | 1,982,945 | ||||||||||||||||||||||||||||||
Life insurance loans | 29 | — | — | — | 1,128,559 | 1,128,588 | ||||||||||||||||||||||||||||||
Purchased life insurance loans (1) | — | — | — | — | 537,032 | 537,032 | ||||||||||||||||||||||||||||||
Indirect consumer | 72 | 215 | 74 | 344 | 76,673 | 77,378 | ||||||||||||||||||||||||||||||
Consumer and other | 1,485 | — | 429 | 849 | 106,092 | 108,855 | ||||||||||||||||||||||||||||||
Purchased non-covered consumer and other (1) | — | — | — | — | 67 | 67 | ||||||||||||||||||||||||||||||
Total loans, net of unearned income, excluding covered loans | $ | 112,143 | $ | 7,313 | $ | 50,176 | $ | 92,181 | $ | 11,228,087 | $ | 11,489,900 | ||||||||||||||||||||||||
Covered loans | 910 | 129,257 | 6,521 | 14,571 | 506,266 | 657,525 | ||||||||||||||||||||||||||||||
Total loans, net of unearned income | $ | 113,053 | $ | 136,570 | $ | 56,697 | $ | 106,752 | $ | 11,734,353 | $ | 12,147,425 | ||||||||||||||||||||||||
-1 | Purchased loans represent loans acquired with evidence of credit quality deterioration since origination, in accordance with ASC 310-30. Loan agings are based upon contractually required payments. | |||||||||||||||||||||||||||||||||||
Summary Of Recorded Investment Based On Performance Of Loans By Class | ' | |||||||||||||||||||||||||||||||||||
The following table presents the recorded investment based on performance of loans by class, excluding covered loans, per the most recent analysis at September 30, 2013, December 31, 2012 and September 30, 2012: | ||||||||||||||||||||||||||||||||||||
Performing | Non-performing | Total | ||||||||||||||||||||||||||||||||||
(Dollars in thousands) | 30-Sep-13 | 31-Dec-12 | 30-Sep-12 | 30-Sep-13 | 31-Dec-12 | 30-Sep-12 | 30-Sep-13 | 31-Dec-12 | 30-Sep-12 | |||||||||||||||||||||||||||
Loan Balances: | ||||||||||||||||||||||||||||||||||||
Commercial | ||||||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 1,707,078 | $ | 1,608,794 | $ | 1,541,212 | $ | 15,473 | $ | 19,409 | $ | 15,163 | $ | 1,722,551 | $ | 1,628,203 | $ | 1,556,375 | ||||||||||||||||||
Franchise | 213,328 | 194,603 | 177,914 | — | 1,792 | 1,792 | 213,328 | 196,395 | 179,706 | |||||||||||||||||||||||||||
Mortgage warehouse lines of credit | 71,383 | 215,076 | 225,295 | — | — | — | 71,383 | 215,076 | 225,295 | |||||||||||||||||||||||||||
Community Advantage—homeowners association | 90,504 | 81,496 | 73,881 | — | — | — | 90,504 | 81,496 | 73,881 | |||||||||||||||||||||||||||
Aircraft | 12,601 | 17,364 | 21,016 | — | — | 428 | 12,601 | 17,364 | 21,444 | |||||||||||||||||||||||||||
Asset-based lending | 737,204 | 571,902 | 532,733 | 2,364 | 536 | 328 | 739,568 | 572,438 | 533,061 | |||||||||||||||||||||||||||
Tax exempt | 148,103 | 91,824 | 90,404 | — | — | — | 148,103 | 91,824 | 90,404 | |||||||||||||||||||||||||||
Leases | 101,654 | 90,443 | 83,351 | — | — | — | 101,654 | 90,443 | 83,351 | |||||||||||||||||||||||||||
Other | 90 | 16,549 | 1,576 | — | — | — | 90 | 16,549 | 1,576 | |||||||||||||||||||||||||||
Purchased non-covered commercial (1) | 9,339 | 5,010 | 5,960 | — | — | — | 9,339 | 5,010 | 5,960 | |||||||||||||||||||||||||||
Total commercial | 3,091,284 | 2,893,061 | 2,753,342 | 17,837 | 21,737 | 17,711 | 3,109,121 | 2,914,798 | 2,771,053 | |||||||||||||||||||||||||||
Commercial real-estate | ||||||||||||||||||||||||||||||||||||
Residential construction | 35,161 | 37,291 | 42,114 | 5,169 | 3,110 | 2,141 | 40,330 | 40,401 | 44,255 | |||||||||||||||||||||||||||
Commercial construction | 138,234 | 168,796 | 166,228 | 7,854 | 2,159 | 3,315 | 146,088 | 170,955 | 169,543 | |||||||||||||||||||||||||||
Land | 105,035 | 122,898 | 122,857 | 4,216 | 11,299 | 10,629 | 109,251 | 134,197 | 133,486 | |||||||||||||||||||||||||||
Office | 630,202 | 565,515 | 578,136 | 4,318 | 4,196 | 6,185 | 634,520 | 569,711 | 584,321 | |||||||||||||||||||||||||||
Industrial | 616,828 | 575,848 | 572,440 | 8,184 | 2,089 | 1,885 | 625,012 | 577,937 | 574,325 | |||||||||||||||||||||||||||
Retail | 600,956 | 561,104 | 550,536 | 11,259 | 7,792 | 10,133 | 612,215 | 568,896 | 560,669 | |||||||||||||||||||||||||||
Multi-family | 548,022 | 394,105 | 360,109 | 2,603 | 2,586 | 3,314 | 550,625 | 396,691 | 363,423 | |||||||||||||||||||||||||||
Mixed use and other | 1,357,161 | 1,332,512 | 1,199,991 | 12,509 | 16,742 | 20,859 | 1,369,670 | 1,349,254 | 1,220,850 | |||||||||||||||||||||||||||
Purchased non-covered commercial real-estate(1) | 58,399 | 56,076 | 48,840 | — | — | — | 58,399 | 56,076 | 48,840 | |||||||||||||||||||||||||||
Total commercial real-estate | 4,089,998 | 3,814,145 | 3,641,251 | 56,112 | 49,973 | 58,461 | 4,146,110 | 3,864,118 | 3,699,712 | |||||||||||||||||||||||||||
Home equity | 725,694 | 774,951 | 796,088 | 10,926 | 13,523 | 11,504 | 736,620 | 788,474 | 807,592 | |||||||||||||||||||||||||||
Residential real-estate | 382,082 | 354,629 | 360,629 | 14,126 | 11,728 | 15,393 | 396,208 | 366,357 | 376,022 | |||||||||||||||||||||||||||
Purchased non-covered residential real-estate (1) | 1,499 | 856 | 656 | — | — | — | 1,499 | 856 | 656 | |||||||||||||||||||||||||||
Premium finance receivables | ||||||||||||||||||||||||||||||||||||
Commercial insurance loans | 2,128,598 | 1,968,546 | 1,969,924 | 21,883 | 19,310 | 13,021 | 2,150,481 | 1,987,856 | 1,982,945 | |||||||||||||||||||||||||||
Life insurance loans | 1,409,250 | 1,210,682 | 1,128,559 | 606 | 25 | 29 | 1,409,856 | 1,210,707 | 1,128,588 | |||||||||||||||||||||||||||
Purchased life insurance loans (1) | 459,883 | 514,459 | 537,032 | — | — | — | 459,883 | 514,459 | 537,032 | |||||||||||||||||||||||||||
Indirect consumer | 57,056 | 77,089 | 77,091 | 180 | 244 | 287 | 57,236 | 77,333 | 77,378 | |||||||||||||||||||||||||||
Consumer and other | 112,255 | 99,610 | 107,370 | 1,591 | 1,543 | 1,485 | 113,846 | 101,153 | 108,855 | |||||||||||||||||||||||||||
Purchased non-covered consumer and other(1) | 179 | 2,832 | 67 | — | — | — | 179 | 2,832 | 67 | |||||||||||||||||||||||||||
Total loans, net of unearned income, excluding covered loans | $ | 12,457,778 | $ | 11,710,860 | $ | 11,372,009 | $ | 123,261 | $ | 118,083 | $ | 117,891 | $ | 12,581,039 | $ | 11,828,943 | $ | 11,489,900 | ||||||||||||||||||
-1 | Purchased loans represent loans acquired with evidence of credit quality deterioration since origination, in accordance with ASC 310-30. See Note 6 - Loans for further discussion of these purchased loans. | |||||||||||||||||||||||||||||||||||
Summary Of Activity In The Allowance For Credit Losses By Loan Portfolio | ' | |||||||||||||||||||||||||||||||||||
A summary of activity in the allowance for credit losses by loan portfolio (excluding covered loans) for the three and nine months ended September 30, 2013 and 2012 is as follows: | ||||||||||||||||||||||||||||||||||||
Three months ended September 30, 2013 | Commercial Real-estate | Residential Real-estate | Premium Finance Receivable | Indirect Consumer | Consumer and Other | Total, Excluding Covered Loans | ||||||||||||||||||||||||||||||
(Dollars in thousands) | Commercial | Home Equity | ||||||||||||||||||||||||||||||||||
Allowance for credit losses | ||||||||||||||||||||||||||||||||||||
Allowance for loan losses at beginning of period | $ | 28,737 | $ | 51,950 | $ | 14,205 | $ | 4,825 | $ | 5,268 | $ | 263 | $ | 1,594 | $ | 106,842 | ||||||||||||||||||||
Other adjustments | (15 | ) | (193 | ) | — | (4 | ) | 7 | — | — | (205 | ) | ||||||||||||||||||||||||
Reclassification from (to) allowance for unfunded lending-related commitments | — | 284 | — | — | — | — | — | 284 | ||||||||||||||||||||||||||||
Charge-offs | (3,281 | ) | (6,982 | ) | (711 | ) | (328 | ) | (1,297 | ) | (23 | ) | (193 | ) | (12,815 | ) | ||||||||||||||||||||
Recoveries | 756 | 272 | 43 | 64 | 316 | 12 | 39 | 1,502 | ||||||||||||||||||||||||||||
Provision for credit losses | 2,044 | 5,488 | 1,824 | 700 | 1,193 | (51 | ) | 382 | 11,580 | |||||||||||||||||||||||||||
Allowance for loan losses at period end | $ | 28,241 | $ | 50,819 | $ | 15,361 | $ | 5,257 | $ | 5,487 | $ | 201 | $ | 1,822 | $ | 107,188 | ||||||||||||||||||||
Allowance for unfunded lending-related commitments at period end | $ | — | $ | 1,267 | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 1,267 | ||||||||||||||||||||
Allowance for credit losses at period end | $ | 28,241 | $ | 52,086 | $ | 15,361 | $ | 5,257 | $ | 5,487 | $ | 201 | $ | 1,822 | $ | 108,455 | ||||||||||||||||||||
Individually evaluated for impairment | 5,498 | 5,892 | 2,447 | 886 | — | — | 252 | 14,975 | ||||||||||||||||||||||||||||
Collectively evaluated for impairment | 22,636 | 46,080 | 12,914 | 4,371 | 5,487 | 201 | 1,570 | 93,259 | ||||||||||||||||||||||||||||
Loans acquired with deteriorated credit quality | 107 | 114 | — | — | — | — | — | 221 | ||||||||||||||||||||||||||||
Loans at period end | ||||||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 24,688 | $ | 124,401 | $ | 11,152 | $ | 16,746 | $ | — | $ | 79 | $ | 1,695 | $ | 178,761 | ||||||||||||||||||||
Collectively evaluated for impairment | 3,075,094 | 3,963,310 | 725,468 | 379,462 | 3,560,337 | 57,157 | 112,151 | 11,872,979 | ||||||||||||||||||||||||||||
Loans acquired with deteriorated credit quality | 9,339 | 58,399 | — | 1,499 | 459,883 | — | 179 | 529,299 | ||||||||||||||||||||||||||||
Three months ended September 30, 2012 | Commercial Real-estate | Residential Real-estate | Premium Finance Receivable | Indirect Consumer | Consumer and Other | Total, Excluding Covered Loans | ||||||||||||||||||||||||||||||
(Dollars in thousands) | Commercial | Home Equity | ||||||||||||||||||||||||||||||||||
Allowance for credit losses | ||||||||||||||||||||||||||||||||||||
Allowance for loan losses at beginning of period | $ | 26,983 | $ | 53,801 | $ | 13,878 | $ | 6,724 | $ | 8,522 | $ | 640 | $ | 1,372 | $ | 111,920 | ||||||||||||||||||||
Other adjustments | (138 | ) | (304 | ) | (2 | ) | (90 | ) | — | — | — | (534 | ) | |||||||||||||||||||||||
Reclassification from (to) allowance for unfunded lending-related commitments | — | 626 | — | — | — | — | — | 626 | ||||||||||||||||||||||||||||
Charge-offs | (3,315 | ) | (17,000 | ) | (1,543 | ) | (1,027 | ) | (886 | ) | (73 | ) | (93 | ) | (23,937 | ) | ||||||||||||||||||||
Recoveries | 349 | 5,352 | 52 | 8 | 206 | 25 | 28 | 6,020 | ||||||||||||||||||||||||||||
Provision for credit losses | 3,862 | 12,610 | 1,215 | 1,938 | (955 | ) | (323 | ) | (155 | ) | 18,192 | |||||||||||||||||||||||||
Allowance for loan losses at period end | $ | 27,741 | $ | 55,085 | $ | 13,600 | $ | 7,553 | $ | 6,887 | $ | 269 | $ | 1,152 | $ | 112,287 | ||||||||||||||||||||
Allowance for unfunded lending-related commitments at period end | $ | — | $ | 12,627 | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 12,627 | ||||||||||||||||||||
Allowance for credit losses at period end | $ | 27,741 | $ | 67,712 | $ | 13,600 | $ | 7,553 | $ | 6,887 | $ | 269 | $ | 1,152 | $ | 124,914 | ||||||||||||||||||||
Individually evaluated for impairment | $ | 3,168 | $ | 21,998 | $ | 3,011 | $ | 3,244 | $ | — | $ | 1 | $ | 480 | $ | 31,902 | ||||||||||||||||||||
Collectively evaluated for impairment | $ | 24,573 | $ | 45,714 | $ | 10,589 | $ | 4,306 | $ | 6,887 | $ | 268 | $ | 672 | $ | 93,009 | ||||||||||||||||||||
Loans acquired with deteriorated credit quality | $ | — | $ | — | $ | — | $ | 3 | $ | — | $ | — | $ | — | $ | 3 | ||||||||||||||||||||
Loans at period end | ||||||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 38,838 | $ | 160,711 | $ | 13,118 | $ | 18,696 | $ | — | $ | 69 | $ | 1,582 | $ | 233,014 | ||||||||||||||||||||
Collectively evaluated for impairment | 2,726,255 | 3,490,161 | 794,474 | 357,326 | 3,111,533 | 77,309 | 107,273 | 10,664,331 | ||||||||||||||||||||||||||||
Loans acquired with deteriorated credit quality | 5,960 | 48,840 | — | 656 | 537,032 | — | 67 | 592,555 | ||||||||||||||||||||||||||||
Nine Months Ended September 30, 2013 | Commercial | Home | Residential | Premium | Indirect | Consumer | Total, | |||||||||||||||||||||||||||||
Real-estate | Equity | Real-estate | Finance | Consumer | and Other | Excluding | ||||||||||||||||||||||||||||||
Receivable | Covered | |||||||||||||||||||||||||||||||||||
(Dollars in thousands) | Commercial | Loans | ||||||||||||||||||||||||||||||||||
Allowance for credit losses | ||||||||||||||||||||||||||||||||||||
Allowance for loan losses at beginning of period | $ | 28,794 | $ | 52,135 | $ | 12,734 | $ | 5,560 | $ | 6,096 | $ | 267 | $ | 1,765 | $ | 107,351 | ||||||||||||||||||||
Other adjustments | (19 | ) | (621 | ) | — | (98 | ) | (5 | ) | — | — | (743 | ) | |||||||||||||||||||||||
Reclassification from (to) allowance for unfunded lending-related commitments | — | 136 | — | — | — | — | — | 136 | ||||||||||||||||||||||||||||
Charge-offs | (8,914 | ) | (25,228 | ) | (4,893 | ) | (2,573 | ) | (3,671 | ) | (71 | ) | (402 | ) | (45,752 | ) | ||||||||||||||||||||
Recoveries | 1,319 | 1,224 | 376 | 87 | 889 | 44 | 177 | 4,116 | ||||||||||||||||||||||||||||
Provision for credit losses | 7,061 | 23,173 | 7,144 | 2,281 | 2,178 | (39 | ) | 282 | 42,080 | |||||||||||||||||||||||||||
Allowance for loan losses at period end | $ | 28,241 | $ | 50,819 | $ | 15,361 | $ | 5,257 | $ | 5,487 | $ | 201 | $ | 1,822 | $ | 107,188 | ||||||||||||||||||||
Allowance for unfunded lending-related commitments at period end | $ | — | $ | 1,267 | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 1,267 | ||||||||||||||||||||
Allowance for credit losses at period end | $ | 28,241 | $ | 52,086 | $ | 15,361 | $ | 5,257 | $ | 5,487 | $ | 201 | $ | 1,822 | $ | 108,455 | ||||||||||||||||||||
Nine months ended September 30, 2012 | Commercial | Home | Residential | Premium | Indirect | Consumer | Total, | |||||||||||||||||||||||||||||
Real-estate | Equity | Real-estate | Finance | Consumer | and Other | Excluding | ||||||||||||||||||||||||||||||
Receivable | Covered | |||||||||||||||||||||||||||||||||||
(Dollars in thousands) | Commercial | Loans | ||||||||||||||||||||||||||||||||||
Allowance for credit losses | ||||||||||||||||||||||||||||||||||||
Allowance for loan losses at beginning of period | $ | 31,237 | $ | 56,405 | $ | 7,712 | $ | 5,028 | $ | 7,214 | $ | 645 | $ | 2,140 | $ | 110,381 | ||||||||||||||||||||
Other adjustments | (142 | ) | (787 | ) | (4 | ) | (111 | ) | — | — | — | (1,044 | ) | |||||||||||||||||||||||
Reclassification from (to) allowance for unfunded lending-related commitments | 45 | 908 | — | — | — | — | — | 953 | ||||||||||||||||||||||||||||
Charge-offs | (12,623 | ) | (34,455 | ) | (5,865 | ) | (1,590 | ) | (2,483 | ) | (157 | ) | (454 | ) | (57,627 | ) | ||||||||||||||||||||
Recoveries | 852 | 5,657 | 385 | 13 | 675 | 76 | 226 | 7,884 | ||||||||||||||||||||||||||||
Provision for credit losses | 8,372 | 27,357 | 11,372 | 4,213 | 1,481 | (295 | ) | (760 | ) | 51,740 | ||||||||||||||||||||||||||
Allowance for loan losses at period end | $ | 27,741 | $ | 55,085 | $ | 13,600 | $ | 7,553 | $ | 6,887 | $ | 269 | $ | 1,152 | $ | 112,287 | ||||||||||||||||||||
Allowance for unfunded lending-related commitments at period end | $ | — | $ | 12,627 | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 12,627 | ||||||||||||||||||||
Allowance for credit losses at period end | $ | 27,741 | $ | 67,712 | $ | 13,600 | $ | 7,553 | $ | 6,887 | $ | 269 | $ | 1,152 | $ | 124,914 | ||||||||||||||||||||
Summary Of Activity In The Allowance For Covered Loan Losses | ' | |||||||||||||||||||||||||||||||||||
A summary of activity in the allowance for covered loan losses for the three and nine months ended September 30, 2013 and 2012 is as follows: | ||||||||||||||||||||||||||||||||||||
Three Months Ended | Nine Months Ended | |||||||||||||||||||||||||||||||||||
September 30, | September 30, | September 30, | September 30, | |||||||||||||||||||||||||||||||||
(Dollars in thousands) | 2013 | 2012 | 2013 | 2012 | ||||||||||||||||||||||||||||||||
Balance at beginning of period | $ | 14,429 | $ | 20,560 | $ | 13,454 | $ | 12,977 | ||||||||||||||||||||||||||||
Provision for covered loan losses before benefit attributable to FDIC loss share agreements | (2,331 | ) | 3,096 | 515 | 25,916 | |||||||||||||||||||||||||||||||
Benefit attributable to FDIC loss share agreements | 1,865 | (2,489 | ) | (412 | ) | (20,766 | ) | |||||||||||||||||||||||||||||
Net provision for covered loan losses | (466 | ) | 607 | 103 | 5,150 | |||||||||||||||||||||||||||||||
(Decrease) increase in FDIC indemnification asset | (1,865 | ) | 2,489 | 412 | 20,766 | |||||||||||||||||||||||||||||||
Loans charged-off | (3,237 | ) | (1,736 | ) | (8,294 | ) | (17,052 | ) | ||||||||||||||||||||||||||||
Recoveries of loans charged-off | 4,063 | 6 | 7,249 | 85 | ||||||||||||||||||||||||||||||||
Net recoveries (charge-offs) | 826 | (1,730 | ) | (1,045 | ) | (16,967 | ) | |||||||||||||||||||||||||||||
Balance at end of period | $ | 12,924 | $ | 21,926 | $ | 12,924 | $ | 21,926 | ||||||||||||||||||||||||||||
Summary Of Impaired Loans, Including Restructured Loans | ' | |||||||||||||||||||||||||||||||||||
A summary of impaired loans, including troubled debt restructurings ("TDRs"), is as follows: | ||||||||||||||||||||||||||||||||||||
September 30, | December 31, | September 30, | ||||||||||||||||||||||||||||||||||
(Dollars in thousands) | 2013 | 2012 | 2012 | |||||||||||||||||||||||||||||||||
Impaired loans (included in non-performing and restructured loans): | ||||||||||||||||||||||||||||||||||||
Impaired loans with an allowance for loan loss required (1) | $ | 99,437 | $ | 89,983 | $ | 120,060 | ||||||||||||||||||||||||||||||
Impaired loans with no allowance for loan loss required | 76,861 | 114,562 | 112,954 | |||||||||||||||||||||||||||||||||
Total impaired loans (2) | $ | 176,298 | $ | 204,545 | $ | 233,014 | ||||||||||||||||||||||||||||||
Allowance for loan losses related to impaired loans | $ | 14,329 | $ | 13,575 | $ | 19,818 | ||||||||||||||||||||||||||||||
Troubled debt restructurings | $ | 115,003 | $ | 126,473 | $ | 147,196 | ||||||||||||||||||||||||||||||
-1 | These impaired loans require an allowance for loan losses because the estimated fair value of the loans or related collateral is less than the recorded investment in the loans. | |||||||||||||||||||||||||||||||||||
-2 | Impaired loans are considered by the Company to be non-accrual loans, TDRs or loans with principal and/or interest at risk, even if the loan is current with all payments of principal and interest. | |||||||||||||||||||||||||||||||||||
Summary Of Impaired Loans Evaluated For Impairment By Loan Class | ' | |||||||||||||||||||||||||||||||||||
The following tables present impaired loans evaluated for impairment by loan class for the periods ended as follows: | ||||||||||||||||||||||||||||||||||||
For the Nine Months Ended | ||||||||||||||||||||||||||||||||||||
As of September 30, 2013 | 30-Sep-13 | |||||||||||||||||||||||||||||||||||
Recorded Investment | Unpaid Principal Balance | Related Allowance | Average Recorded Investment | Interest Income Recognized | ||||||||||||||||||||||||||||||||
(Dollars in thousands) | ||||||||||||||||||||||||||||||||||||
Impaired loans with a related ASC 310 allowance recorded | ||||||||||||||||||||||||||||||||||||
Commercial | ||||||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 10,599 | $ | 12,226 | $ | 3,915 | $ | 11,155 | $ | 558 | ||||||||||||||||||||||||||
Franchise | — | — | — | — | — | |||||||||||||||||||||||||||||||
Mortgage warehouse lines of credit | — | — | — | — | — | |||||||||||||||||||||||||||||||
Community Advantage—homeowners association | — | — | — | — | — | |||||||||||||||||||||||||||||||
Aircraft | — | — | — | — | — | |||||||||||||||||||||||||||||||
Asset-based lending | 2,287 | 2,296 | 1,549 | 2,299 | 86 | |||||||||||||||||||||||||||||||
Tax exempt | — | — | — | — | — | |||||||||||||||||||||||||||||||
Leases | — | — | — | — | — | |||||||||||||||||||||||||||||||
Other | — | — | — | — | — | |||||||||||||||||||||||||||||||
Commercial real-estate | ||||||||||||||||||||||||||||||||||||
Residential construction | 377 | 377 | 49 | 379 | 19 | |||||||||||||||||||||||||||||||
Commercial construction | 9,577 | 9,577 | 103 | 10,051 | 284 | |||||||||||||||||||||||||||||||
Land | 12,161 | 15,486 | 947 | 12,321 | 445 | |||||||||||||||||||||||||||||||
Office | 7,322 | 7,376 | 111 | 7,426 | 207 | |||||||||||||||||||||||||||||||
Industrial | 3,352 | 3,417 | 177 | 3,402 | 124 | |||||||||||||||||||||||||||||||
Retail | 18,583 | 18,662 | 1,942 | 18,859 | 564 | |||||||||||||||||||||||||||||||
Multi-family | 3,715 | 4,188 | 260 | 3,809 | 143 | |||||||||||||||||||||||||||||||
Mixed use and other | 19,451 | 19,711 | 1,721 | 18,569 | 669 | |||||||||||||||||||||||||||||||
Home equity | 5,347 | 5,559 | 2,447 | 5,468 | 187 | |||||||||||||||||||||||||||||||
Residential real-estate | 5,999 | 6,533 | 856 | 5,418 | 170 | |||||||||||||||||||||||||||||||
Premium finance receivables | ||||||||||||||||||||||||||||||||||||
Commercial insurance | — | — | — | — | — | |||||||||||||||||||||||||||||||
Life insurance | — | — | — | — | — | |||||||||||||||||||||||||||||||
Purchased life insurance | — | — | — | — | — | |||||||||||||||||||||||||||||||
Indirect consumer | — | — | — | — | — | |||||||||||||||||||||||||||||||
Consumer and other | 667 | 668 | 252 | 661 | 25 | |||||||||||||||||||||||||||||||
Impaired loans with no related ASC 310 allowance recorded | ||||||||||||||||||||||||||||||||||||
Commercial | ||||||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 10,858 | $ | 15,320 | $ | — | $ | 13,841 | $ | 683 | ||||||||||||||||||||||||||
Franchise | — | — | — | — | — | |||||||||||||||||||||||||||||||
Mortgage warehouse lines of credit | — | — | — | — | — | |||||||||||||||||||||||||||||||
Community Advantage—homeowners association | — | — | — | — | — | |||||||||||||||||||||||||||||||
Aircraft | — | — | — | — | — | |||||||||||||||||||||||||||||||
Asset-based lending | 76 | 1,416 | — | 87 | 57 | |||||||||||||||||||||||||||||||
Tax exempt | — | — | — | — | — | |||||||||||||||||||||||||||||||
Leases | — | — | — | — | — | |||||||||||||||||||||||||||||||
Other | — | — | — | — | — | |||||||||||||||||||||||||||||||
Commercial real-estate | ||||||||||||||||||||||||||||||||||||
Residential construction | 3,267 | 3,426 | — | 3,954 | 122 | |||||||||||||||||||||||||||||||
Commercial construction | 8,705 | 13,939 | — | 10,899 | 564 | |||||||||||||||||||||||||||||||
Land | 4,980 | 6,094 | — | 3,869 | 181 | |||||||||||||||||||||||||||||||
Office | 7,329 | 9,324 | — | 8,242 | 358 | |||||||||||||||||||||||||||||||
Industrial | 7,668 | 7,833 | — | 7,772 | 357 | |||||||||||||||||||||||||||||||
Retail | 6,230 | 6,549 | — | 6,270 | 257 | |||||||||||||||||||||||||||||||
Multi-family | 1,149 | 2,983 | — | 1,868 | 115 | |||||||||||||||||||||||||||||||
Mixed use and other | 9,205 | 11,256 | — | 8,181 | 362 | |||||||||||||||||||||||||||||||
Home equity | 5,805 | 7,215 | — | 5,568 | 221 | |||||||||||||||||||||||||||||||
Residential real-estate | 10,482 | 12,841 | — | 9,805 | 292 | |||||||||||||||||||||||||||||||
Premium finance receivables | ||||||||||||||||||||||||||||||||||||
Commercial insurance | — | — | — | — | — | |||||||||||||||||||||||||||||||
Life insurance | — | — | — | — | — | |||||||||||||||||||||||||||||||
Purchased life insurance | — | — | — | — | — | |||||||||||||||||||||||||||||||
Indirect consumer | 79 | 88 | — | 70 | 7 | |||||||||||||||||||||||||||||||
Consumer and other | 1,028 | 1,564 | — | 1,058 | 72 | |||||||||||||||||||||||||||||||
Total loans, net of unearned income, excluding covered loans | $ | 176,298 | $ | 205,924 | $ | 14,329 | $ | 181,301 | $ | 7,129 | ||||||||||||||||||||||||||
For the Twelve Months Ended | ||||||||||||||||||||||||||||||||||||
As of December 31, 2012 | 31-Dec-12 | |||||||||||||||||||||||||||||||||||
Recorded Investment | Unpaid Principal Balance | Related Allowance | Average Recorded Investment | Interest Income Recognized | ||||||||||||||||||||||||||||||||
(Dollars in thousands) | ||||||||||||||||||||||||||||||||||||
Impaired loans with a related ASC 310 allowance recorded | ||||||||||||||||||||||||||||||||||||
Commercial | ||||||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 11,010 | $ | 12,562 | $ | 1,982 | $ | 13,312 | $ | 881 | ||||||||||||||||||||||||||
Franchise | 1,792 | 1,792 | 1,259 | 1,792 | 122 | |||||||||||||||||||||||||||||||
Mortgage warehouse lines of credit | — | — | — | — | — | |||||||||||||||||||||||||||||||
Community Advantage—homeowners association | — | — | — | — | — | |||||||||||||||||||||||||||||||
Aircraft | — | — | — | — | — | |||||||||||||||||||||||||||||||
Asset-based lending | 511 | 511 | 55 | 484 | 26 | |||||||||||||||||||||||||||||||
Tax exempt | — | — | — | — | — | |||||||||||||||||||||||||||||||
Leases | — | — | — | — | — | |||||||||||||||||||||||||||||||
Other | — | — | — | — | — | |||||||||||||||||||||||||||||||
Commercial real-estate | ||||||||||||||||||||||||||||||||||||
Residential construction | 2,007 | 2,007 | 389 | 2,007 | 98 | |||||||||||||||||||||||||||||||
Commercial construction | 1,865 | 1,865 | 70 | 1,865 | 78 | |||||||||||||||||||||||||||||||
Land | 12,184 | 12,860 | 1,414 | 12,673 | 483 | |||||||||||||||||||||||||||||||
Office | 5,829 | 5,887 | 622 | 5,936 | 246 | |||||||||||||||||||||||||||||||
Industrial | 1,150 | 1,200 | 224 | 1,208 | 75 | |||||||||||||||||||||||||||||||
Retail | 13,240 | 13,314 | 343 | 13,230 | 584 | |||||||||||||||||||||||||||||||
Multi-family | 3,954 | 3,954 | 348 | 3,972 | 157 | |||||||||||||||||||||||||||||||
Mixed use and other | 22,249 | 23,166 | 2,989 | 23,185 | 1,165 | |||||||||||||||||||||||||||||||
Home equity | 7,270 | 7,313 | 2,569 | 7,282 | 271 | |||||||||||||||||||||||||||||||
Residential real-estate | 6,420 | 6,931 | 1,169 | 6,424 | 226 | |||||||||||||||||||||||||||||||
Premium finance receivables | ||||||||||||||||||||||||||||||||||||
Commercial insurance | — | — | — | — | — | |||||||||||||||||||||||||||||||
Life insurance | — | — | — | — | — | |||||||||||||||||||||||||||||||
Purchased life insurance | — | — | — | — | — | |||||||||||||||||||||||||||||||
Indirect consumer | — | — | — | — | — | |||||||||||||||||||||||||||||||
Consumer and other | 502 | 502 | 142 | 502 | 26 | |||||||||||||||||||||||||||||||
Impaired loans with no related ASC 310 allowance recorded | ||||||||||||||||||||||||||||||||||||
Commercial | ||||||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 20,270 | $ | 27,574 | $ | — | $ | 23,877 | $ | 1,259 | ||||||||||||||||||||||||||
Franchise | — | — | — | — | — | |||||||||||||||||||||||||||||||
Mortgage warehouse lines of credit | — | — | — | — | — | |||||||||||||||||||||||||||||||
Community Advantage—homeowners association | — | — | — | — | — | |||||||||||||||||||||||||||||||
Aircraft | — | — | — | — | — | |||||||||||||||||||||||||||||||
Asset-based lending | 25 | 1,362 | — | 252 | 76 | |||||||||||||||||||||||||||||||
Tax exempt | — | — | — | — | — | |||||||||||||||||||||||||||||||
Leases | — | — | — | — | — | |||||||||||||||||||||||||||||||
Other | — | — | — | — | — | |||||||||||||||||||||||||||||||
Commercial real-estate | ||||||||||||||||||||||||||||||||||||
Residential construction | 4,085 | 4,440 | — | 4,507 | 143 | |||||||||||||||||||||||||||||||
Commercial construction | 12,263 | 13,395 | — | 13,635 | 540 | |||||||||||||||||||||||||||||||
Land | 12,163 | 17,141 | — | 14,646 | 906 | |||||||||||||||||||||||||||||||
Office | 8,939 | 9,521 | — | 9,432 | 437 | |||||||||||||||||||||||||||||||
Industrial | 3,598 | 3,776 | — | 3,741 | 181 | |||||||||||||||||||||||||||||||
Retail | 18,073 | 18,997 | — | 19,067 | 892 | |||||||||||||||||||||||||||||||
Multi-family | 2,817 | 4,494 | — | 4,120 | 222 | |||||||||||||||||||||||||||||||
Mixed use and other | 15,462 | 17,210 | — | 16,122 | 912 | |||||||||||||||||||||||||||||||
Home equity | 7,320 | 8,758 | — | 8,164 | 376 | |||||||||||||||||||||||||||||||
Residential real-estate | 8,390 | 9,189 | — | 9,069 | 337 | |||||||||||||||||||||||||||||||
Premium finance receivables | ||||||||||||||||||||||||||||||||||||
Commercial insurance | — | — | — | — | — | |||||||||||||||||||||||||||||||
Life insurance | — | — | — | — | — | |||||||||||||||||||||||||||||||
Purchased life insurance | — | — | — | — | — | |||||||||||||||||||||||||||||||
Indirect consumer | 53 | 61 | — | 65 | 6 | |||||||||||||||||||||||||||||||
Consumer and other | 1,104 | 1,558 | — | 1,507 | 94 | |||||||||||||||||||||||||||||||
Total loans, net of unearned income, excluding covered loans | $ | 204,545 | $ | 231,340 | $ | 13,575 | $ | 222,076 | $ | 10,819 | ||||||||||||||||||||||||||
For the Nine Months Ended | ||||||||||||||||||||||||||||||||||||
As of September 30, 2012 | 30-Sep-12 | |||||||||||||||||||||||||||||||||||
Recorded Investment | Unpaid Principal Balance | Related Allowance | Average Recorded Investment | Interest Income Recognized | ||||||||||||||||||||||||||||||||
(Dollars in thousands) | ||||||||||||||||||||||||||||||||||||
Impaired loans with a related ASC 310 allowance recorded | ||||||||||||||||||||||||||||||||||||
Commercial | ||||||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 11,271 | $ | 13,484 | $ | 2,615 | $ | 13,623 | $ | 670 | ||||||||||||||||||||||||||
Franchise | 1,792 | 1,792 | 386 | 1,792 | 91 | |||||||||||||||||||||||||||||||
Mortgage warehouse lines of credit | — | — | — | — | — | |||||||||||||||||||||||||||||||
Community Advantage—homeowners association | — | — | — | — | — | |||||||||||||||||||||||||||||||
Aircraft | 428 | 428 | 95 | 428 | 22 | |||||||||||||||||||||||||||||||
Asset-based lending | 306 | 1,624 | 72 | 558 | 67 | |||||||||||||||||||||||||||||||
Tax exempt | — | — | — | — | — | |||||||||||||||||||||||||||||||
Leases | — | — | — | — | — | |||||||||||||||||||||||||||||||
Other | — | — | — | — | — | |||||||||||||||||||||||||||||||
Commercial real-estate | ||||||||||||||||||||||||||||||||||||
Residential construction | 2,637 | 2,712 | 540 | 2,637 | 102 | |||||||||||||||||||||||||||||||
Commercial construction | 4,184 | 4,184 | 743 | 4,160 | 153 | |||||||||||||||||||||||||||||||
Land | 13,689 | 15,459 | 1,576 | 13,986 | 460 | |||||||||||||||||||||||||||||||
Office | 7,366 | 9,851 | 802 | 7,998 | 355 | |||||||||||||||||||||||||||||||
Industrial | 752 | 804 | 295 | 778 | 34 | |||||||||||||||||||||||||||||||
Retail | 17,933 | 18,060 | 1,257 | 18,024 | 626 | |||||||||||||||||||||||||||||||
Multi-family | 5,588 | 5,588 | 859 | 5,598 | 213 | |||||||||||||||||||||||||||||||
Mixed use and other | 30,921 | 32,005 | 3,842 | 31,582 | 1,145 | |||||||||||||||||||||||||||||||
Home equity | 8,254 | 8,923 | 3,011 | 8,572 | 352 | |||||||||||||||||||||||||||||||
Residential real-estate | 13,578 | 14,220 | 3,244 | 13,507 | 448 | |||||||||||||||||||||||||||||||
Premium finance receivables | ||||||||||||||||||||||||||||||||||||
Commercial insurance | — | — | — | — | — | |||||||||||||||||||||||||||||||
Life insurance | — | — | — | — | — | |||||||||||||||||||||||||||||||
Purchased life insurance | — | — | — | — | — | |||||||||||||||||||||||||||||||
Indirect consumer | 12 | 13 | 1 | 13 | 1 | |||||||||||||||||||||||||||||||
Consumer and other | 1,349 | 1,349 | 480 | 1,351 | 64 | |||||||||||||||||||||||||||||||
Impaired loans with no related ASC 310 allowance recorded | ||||||||||||||||||||||||||||||||||||
Commercial | ||||||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 25,019 | $ | 28,581 | $ | — | $ | 27,829 | $ | 1,076 | ||||||||||||||||||||||||||
Franchise | — | — | — | — | — | |||||||||||||||||||||||||||||||
Mortgage warehouse lines of credit | — | — | — | — | — | |||||||||||||||||||||||||||||||
Community Advantage—homeowners association | — | — | — | — | — | |||||||||||||||||||||||||||||||
Aircraft | — | — | — | — | — | |||||||||||||||||||||||||||||||
Asset-based lending | 22 | 57 | — | 81 | 5 | |||||||||||||||||||||||||||||||
Tax exempt | — | — | — | — | — | |||||||||||||||||||||||||||||||
Leases | — | — | — | — | — | |||||||||||||||||||||||||||||||
Other | — | — | — | — | — | |||||||||||||||||||||||||||||||
Commercial real-estate | ||||||||||||||||||||||||||||||||||||
Residential construction | 3,603 | 3,719 | — | 4,389 | 134 | |||||||||||||||||||||||||||||||
Commercial construction | 9,868 | 10,466 | — | 10,937 | 332 | |||||||||||||||||||||||||||||||
Land | 13,330 | 17,331 | — | 15,866 | 648 | |||||||||||||||||||||||||||||||
Office | 9,463 | 10,368 | — | 9,627 | 339 | |||||||||||||||||||||||||||||||
Industrial | 3,080 | 3,164 | — | 3,115 | 107 | |||||||||||||||||||||||||||||||
Retail | 16,610 | 16,876 | — | 17,070 | 613 | |||||||||||||||||||||||||||||||
Multi-family | 1,926 | 2,672 | — | 2,371 | 87 | |||||||||||||||||||||||||||||||
Mixed use and other | 19,761 | 21,819 | — | 20,970 | 861 | |||||||||||||||||||||||||||||||
Home equity | 4,864 | 5,494 | — | 4,931 | 162 | |||||||||||||||||||||||||||||||
Residential real-estate | 5,118 | 5,374 | — | 5,392 | 118 | |||||||||||||||||||||||||||||||
Premium finance receivables | ||||||||||||||||||||||||||||||||||||
Commercial insurance | — | — | — | — | — | |||||||||||||||||||||||||||||||
Life insurance | — | — | — | — | — | |||||||||||||||||||||||||||||||
Purchased life insurance | — | — | — | — | — | |||||||||||||||||||||||||||||||
Indirect consumer | 57 | 71 | — | 67 | 5 | |||||||||||||||||||||||||||||||
Consumer and other | 233 | 237 | — | 248 | 11 | |||||||||||||||||||||||||||||||
Total loans, net of unearned income, excluding covered loans | $ | 233,014 | $ | 256,725 | $ | 19,818 | $ | 247,500 | $ | 9,301 | ||||||||||||||||||||||||||
Summary Of The Post-Modificatiopn Balance Of Loans Restructured | ' | |||||||||||||||||||||||||||||||||||
The tables below present a summary of the post-modification balance of loans restructured during the three and nine months ended September 30, 2013 and 2012, respectively, which represent TDRs: | ||||||||||||||||||||||||||||||||||||
Three months ended | Total (1)(2) | Extension at | Reduction of Interest | Modification to | Forgiveness of Debt(2) | |||||||||||||||||||||||||||||||
September 30, 2013 | Below Market | Rate (2) | Interest-only | |||||||||||||||||||||||||||||||||
Terms (2) | Payments (2) | |||||||||||||||||||||||||||||||||||
(Dollars in thousands) | Count | Balance | Count | Balance | Count | Balance | Count | Balance | Count | Balance | ||||||||||||||||||||||||||
Commercial | ||||||||||||||||||||||||||||||||||||
Commercial and industrial | — | $ | — | — | $ | — | — | $ | — | — | $ | — | — | $ | — | |||||||||||||||||||||
Commercial real-estate | ||||||||||||||||||||||||||||||||||||
Residential construction | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
Commercial construction | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
Land | 1 | 2,352 | 1 | 2,352 | — | — | — | — | — | — | ||||||||||||||||||||||||||
Office | 1 | 556 | 1 | 556 | 1 | 556 | — | — | — | — | ||||||||||||||||||||||||||
Industrial | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
Retail | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
Multi-family | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
Mixed use and other | 1 | 95 | 1 | 95 | — | — | — | — | — | — | ||||||||||||||||||||||||||
Residential real estate and other | 1 | 1,000 | 1 | 1,000 | — | — | — | — | 1 | 1,000 | ||||||||||||||||||||||||||
Total loans | 4 | $ | 4,003 | 4 | $ | 4,003 | 1 | $ | 556 | — | $ | — | 1 | $ | 1,000 | |||||||||||||||||||||
-1 | TDRs may have more than one modification representing a concession. As such, TDRs during the period may be represented in more than one of the categories noted above. | |||||||||||||||||||||||||||||||||||
-2 | Balances represent the recorded investment in the loan at the time of the restructuring. | |||||||||||||||||||||||||||||||||||
Three months ended | Total (1)(2) | Extension at | Reduction of Interest | Modification to | Forgiveness of Debt(2) | |||||||||||||||||||||||||||||||
September 30, 2012 | Below Market | Rate (2) | Interest-only | |||||||||||||||||||||||||||||||||
Terms (2) | Payments (2) | |||||||||||||||||||||||||||||||||||
(Dollars in thousands) | Count | Balance | Count | Balance | Count | Balance | Count | Balance | Count | Balance | ||||||||||||||||||||||||||
Commercial | ||||||||||||||||||||||||||||||||||||
Commercial and industrial | 3 | $ | 442 | 2 | $ | 275 | 1 | $ | 225 | 1 | $ | 167 | — | $ | — | |||||||||||||||||||||
Commercial real-estate | ||||||||||||||||||||||||||||||||||||
Residential construction | 1 | 496 | 1 | 496 | 1 | 496 | 1 | 496 | — | — | ||||||||||||||||||||||||||
Commercial construction | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
Land | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
Office | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
Industrial | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
Retail | 2 | 4,653 | 2 | 4,653 | — | — | 2 | 4,654 | — | — | ||||||||||||||||||||||||||
Multi-family | 1 | 380 | — | — | 1 | 380 | 1 | 380 | — | — | ||||||||||||||||||||||||||
Mixed use and other | 7 | 3,108 | 2 | 858 | 5 | 2,250 | 5 | 2,699 | — | — | ||||||||||||||||||||||||||
Residential real estate and other | 4 | 437 | 3 | 308 | 3 | 357 | 1 | 79 | — | — | ||||||||||||||||||||||||||
Total loans | 18 | $ | 9,516 | 10 | $ | 6,590 | 11 | $ | 3,708 | 11 | $ | 8,475 | — | $ | — | |||||||||||||||||||||
-1 | TDRs may have more than one modification representing a concession. As such, TDRs during the period may be represented in more than one of the categories noted above. | |||||||||||||||||||||||||||||||||||
-2 | Balances represent the recorded investment in the loan at the time of the restructuring. | |||||||||||||||||||||||||||||||||||
Nine months ended | Total (1)(2) | Extension at | Reduction of Interest | Modification to | Forgiveness of Debt(2) | |||||||||||||||||||||||||||||||
September 30, 2013 | Below Market | Rate (2) | Interest-only | |||||||||||||||||||||||||||||||||
Terms (2) | Payments (2) | |||||||||||||||||||||||||||||||||||
(Dollars in thousands) | Count | Balance | Count | Balance | Count | Balance | Count | Balance | Count | Balance | ||||||||||||||||||||||||||
Commercial | ||||||||||||||||||||||||||||||||||||
Commercial and industrial | 6 | $ | 708 | 5 | $ | 573 | 4 | $ | 553 | 2 | $ | 185 | — | $ | — | |||||||||||||||||||||
Commercial real-estate | ||||||||||||||||||||||||||||||||||||
Residential construction | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
Commercial construction | 3 | 6,120 | 3 | 6,120 | — | — | 3 | 6,120 | — | — | ||||||||||||||||||||||||||
Land | 3 | 2,639 | 3 | 2,639 | 2 | 287 | — | — | 1 | 73 | ||||||||||||||||||||||||||
Office | 4 | 4,021 | 4 | 4,021 | 1 | 556 | — | — | — | — | ||||||||||||||||||||||||||
Industrial | 1 | 949 | 1 | 949 | 1 | 949 | — | — | — | — | ||||||||||||||||||||||||||
Retail | 1 | 200 | 1 | 200 | 1 | 200 | — | — | — | — | ||||||||||||||||||||||||||
Multi-family | 1 | 705 | 1 | 705 | 1 | 705 | — | — | — | — | ||||||||||||||||||||||||||
Mixed use and other | 3 | 3,628 | 3 | 3,628 | 2 | 3,533 | — | — | — | — | ||||||||||||||||||||||||||
Residential real estate and other | 8 | 1,778 | 4 | 1,095 | 6 | 762 | 2 | 234 | 1 | 1,000 | ||||||||||||||||||||||||||
Total loans | 30 | $ | 20,748 | 25 | $ | 19,930 | 18 | $ | 7,545 | 7 | $ | 6,539 | 2 | $ | 1,073 | |||||||||||||||||||||
-1 | TDRs may have more than one modification representing a concession. As such, TDRs during the period may be represented in more than one of the categories noted above. | |||||||||||||||||||||||||||||||||||
-2 | Balances represent the recorded investment in the loan at the time of the restructuring. | |||||||||||||||||||||||||||||||||||
Nine months ended | Total (1)(2) | Extension at | Reduction of Interest | Modification to | Forgiveness of Debt(2) | |||||||||||||||||||||||||||||||
September 30, 2012 | Below Market | Rate (2) | Interest-only | |||||||||||||||||||||||||||||||||
Terms (2) | Payments (2) | |||||||||||||||||||||||||||||||||||
(Dollars in thousands) | Count | Balance | Count | Balance | Count | Balance | Count | Balance | Count | Balance | ||||||||||||||||||||||||||
Commercial | ||||||||||||||||||||||||||||||||||||
Commercial and industrial | 16 | $ | 13,325 | 9 | $ | 2,617 | 9 | $ | 12,705 | 7 | $ | 10,579 | 2 | $ | 1,486 | |||||||||||||||||||||
Commercial real-estate | ||||||||||||||||||||||||||||||||||||
Residential construction | 3 | 2,147 | 3 | 2,147 | 1 | 496 | 1 | 496 | — | — | ||||||||||||||||||||||||||
Commercial construction | 2 | 622 | 2 | 622 | 2 | 622 | 2 | 622 | — | — | ||||||||||||||||||||||||||
Land | 17 | 31,836 | 17 | 31,836 | 14 | 30,561 | 13 | 26,511 | — | — | ||||||||||||||||||||||||||
Office | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
Industrial | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
Retail | 7 | 13,286 | 7 | 13,286 | 5 | 8,633 | 6 | 12,897 | — | — | ||||||||||||||||||||||||||
Multi-family | 1 | 380 | — | — | 1 | 380 | 1 | 380 | — | — | ||||||||||||||||||||||||||
Mixed use and other | 13 | 6,745 | 8 | 4,495 | 9 | 5,680 | 8 | 3,974 | — | — | ||||||||||||||||||||||||||
Residential real estate and other | 9 | 1,512 | 7 | 1,264 | 5 | 504 | 3 | 924 | 1 | 29 | ||||||||||||||||||||||||||
Total loans | 68 | $ | 69,853 | 53 | $ | 56,267 | 46 | $ | 59,581 | 41 | $ | 56,383 | 3 | $ | 1,515 | |||||||||||||||||||||
-1 | TDRs may have more than one modification representing a concession. As such, TDRs during the period may be represented in more than one of the categories noted above. | |||||||||||||||||||||||||||||||||||
-2 | Balances represent the recorded investment in the loan at the time of the restructuring. | |||||||||||||||||||||||||||||||||||
Summary Of Loans Restuctured And Subsequently Defaulted Under The Restructured Terms | ' | |||||||||||||||||||||||||||||||||||
The following table presents a summary of all loans restructured in TDRs during the twelve months ended September 30, 2013 and 2012, and such loans which were in payment default under the restructured terms during the respective periods below: | ||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | As of September 30, 2013 | Three Months Ended | Nine Months Ended | |||||||||||||||||||||||||||||||||
September 30, 2013 | 30-Sep-13 | |||||||||||||||||||||||||||||||||||
Total (1)(3) | Payments in Default (2)(3) | Payments in Default (2)(3) | ||||||||||||||||||||||||||||||||||
Count | Balance | Count | Balance | Count | Balance | |||||||||||||||||||||||||||||||
Commercial | ||||||||||||||||||||||||||||||||||||
Commercial and industrial | 8 | $ | 1,694 | 1 | $ | 161 | 2 | $ | 181 | |||||||||||||||||||||||||||
Commercial real-estate | ||||||||||||||||||||||||||||||||||||
Residential construction | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Commercial construction | 3 | 6,120 | — | — | — | — | ||||||||||||||||||||||||||||||
Land | 3 | 2,639 | 1 | 215 | 1 | 215 | ||||||||||||||||||||||||||||||
Office | 4 | 4,021 | 1 | 1,648 | 1 | 1,648 | ||||||||||||||||||||||||||||||
Industrial | 2 | 1,676 | 1 | 727 | 1 | 727 | ||||||||||||||||||||||||||||||
Retail | 2 | 431 | — | — | — | — | ||||||||||||||||||||||||||||||
Multi-family | 1 | 705 | — | — | 1 | 705 | ||||||||||||||||||||||||||||||
Mixed use and other | 5 | 4,217 | 1 | 95 | 2 | 368 | ||||||||||||||||||||||||||||||
Residential real estate and other | 9 | 1,904 | 1 | 126 | 1 | 126 | ||||||||||||||||||||||||||||||
Total loans | 37 | $ | 23,407 | 6 | $ | 2,972 | 9 | $ | 3,970 | |||||||||||||||||||||||||||
-1 | Total TDRs represent all loans restructured in TDRs during the previous twelve months from the date indicated. | |||||||||||||||||||||||||||||||||||
-2 | TDRs considered to be in payment default are over 30 days past-due subsequent to the restructuring. | |||||||||||||||||||||||||||||||||||
-3 | Balances represent the recorded investment in the loan at the time of the restructuring. | |||||||||||||||||||||||||||||||||||
(Dollars in thousands) | As of September 30, 2012 | Three Months Ended | Nine Months Ended | |||||||||||||||||||||||||||||||||
September 30, 2012 | 30-Sep-12 | |||||||||||||||||||||||||||||||||||
Total (1)(3) | Payments in Default (2)(3) | Payments in Default (2)(3) | ||||||||||||||||||||||||||||||||||
Count | Balance | Count | Balance | Count | Balance | |||||||||||||||||||||||||||||||
Commercial | ||||||||||||||||||||||||||||||||||||
Commercial and industrial | 21 | $ | 15,161 | 3 | $ | 351 | 3 | $ | 351 | |||||||||||||||||||||||||||
Commercial real-estate | ||||||||||||||||||||||||||||||||||||
Residential construction | 4 | 3,252 | — | — | — | — | ||||||||||||||||||||||||||||||
Commercial construction | 7 | 3,360 | 5 | 2,740 | 5 | 2,740 | ||||||||||||||||||||||||||||||
Land | 21 | 37,860 | 1 | 651 | 2 | 1,925 | ||||||||||||||||||||||||||||||
Office | 2 | 4,795 | — | — | — | — | ||||||||||||||||||||||||||||||
Industrial | 2 | 1,313 | 1 | 990 | 1 | 990 | ||||||||||||||||||||||||||||||
Retail | 15 | 28,097 | — | — | 1 | 1,605 | ||||||||||||||||||||||||||||||
Multi-family | 6 | 4,247 | 1 | 264 | 1 | 264 | ||||||||||||||||||||||||||||||
Mixed use and other | 27 | 12,342 | 2 | 914 | 5 | 3,197 | ||||||||||||||||||||||||||||||
Residential real estate and other | 16 | 3,977 | 5 | 1,931 | 6 | 2,379 | ||||||||||||||||||||||||||||||
Total loans | 121 | $ | 114,404 | 18 | $ | 7,841 | 24 | $ | 13,451 | |||||||||||||||||||||||||||
-1 | Total TDRs represent all loans restructured in TDRs during the previous twelve months from the date indicated. | |||||||||||||||||||||||||||||||||||
-2 | TDRs considered to be in payment default are over 30 days past-due subsequent to the restructuring. | |||||||||||||||||||||||||||||||||||
-3 | Balances represent the recorded investment in the loan at the time of the restructuring. |
Goodwill_and_Other_Intangible_1
Goodwill and Other Intangible Assets (Tables) | 9 Months Ended | |||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | |||||||||||||||||||
Goodwill Assets By Business Segment | ' | |||||||||||||||||||
A summary of the Company’s goodwill assets by business segment is presented in the following table: | ||||||||||||||||||||
(Dollars in thousands) | January 1, | Goodwill | Impairment | Goodwill Adjustments | September 30, | |||||||||||||||
2013 | Acquired | Loss | 2013 | |||||||||||||||||
Community banking | $ | 274,963 | $ | 13,960 | $ | — | $ | (1,496 | ) | $ | 287,427 | |||||||||
Specialty finance | 38,574 | — | — | (556 | ) | 38,018 | ||||||||||||||
Wealth management | 31,864 | — | — | — | 31,864 | |||||||||||||||
Total | $ | 345,401 | $ | 13,960 | $ | — | $ | (2,052 | ) | $ | 357,309 | |||||||||
Summary Of Finite-Lived Intangible Assets | ' | |||||||||||||||||||
A summary of finite-lived intangible assets as of the dates shown and the expected amortization as of September 30, 2013 is as follows: | ||||||||||||||||||||
(Dollars in thousands) | September 30, | 31-Dec-12 | September 30, | |||||||||||||||||
2013 | 2012 | |||||||||||||||||||
Community banking segment: | ||||||||||||||||||||
Core deposit intangibles: | ||||||||||||||||||||
Gross carrying amount | $ | 39,350 | $ | 38,176 | $ | 38,501 | ||||||||||||||
Accumulated amortization | (28,143 | ) | (25,159 | ) | (24,178 | ) | ||||||||||||||
Net carrying amount | $ | 11,207 | $ | 13,017 | $ | 14,323 | ||||||||||||||
Specialty finance segment: | ||||||||||||||||||||
Customer list intangibles: | ||||||||||||||||||||
Gross carrying amount | $ | 1,800 | $ | 1,800 | $ | 1,800 | ||||||||||||||
Accumulated amortization | (769 | ) | (645 | ) | (603 | ) | ||||||||||||||
Net carrying amount | $ | 1,031 | $ | 1,155 | $ | 1,197 | ||||||||||||||
Wealth management segment: | ||||||||||||||||||||
Customer list and other intangibles: | ||||||||||||||||||||
Gross carrying amount | $ | 7,690 | $ | 7,390 | $ | 7,390 | ||||||||||||||
Accumulated amortization | (946 | ) | (615 | ) | (505 | ) | ||||||||||||||
Net carrying amount | $ | 6,744 | $ | 6,775 | $ | 6,885 | ||||||||||||||
Total other intangible assets, net | $ | 18,982 | $ | 20,947 | $ | 22,405 | ||||||||||||||
Estimated Amortization | ' | |||||||||||||||||||
Estimated amortization | ||||||||||||||||||||
Actual in nine months ended September 30, 2013 | $ | 3,438 | ||||||||||||||||||
Estimated remaining in 2013 | 1,123 | |||||||||||||||||||
Estimated—2014 | 4,117 | |||||||||||||||||||
Estimated—2015 | 2,565 | |||||||||||||||||||
Estimated—2016 | 1,981 | |||||||||||||||||||
Estimated—2017 | 1,589 | |||||||||||||||||||
Deposits_Tables
Deposits (Tables) | 9 Months Ended | |||||||||||
Sep. 30, 2013 | ||||||||||||
Deposits [Abstract] | ' | |||||||||||
Summary Of Deposits | ' | |||||||||||
The following table is a summary of deposits as of the dates shown: | ||||||||||||
(Dollars in thousands) | September 30, 2013 | December 31, 2012 | September 30, 2012 | |||||||||
Balance: | ||||||||||||
Non-interest bearing | $ | 2,622,518 | $ | 2,396,264 | $ | 2,162,215 | ||||||
NOW | 1,922,906 | 2,022,957 | 1,841,743 | |||||||||
Wealth management deposits | 1,099,509 | 991,902 | 979,306 | |||||||||
Money market | 3,423,413 | 2,761,498 | 2,596,702 | |||||||||
Savings | 1,318,147 | 1,275,012 | 1,156,466 | |||||||||
Time certificates of deposit | 4,260,953 | 4,980,911 | 5,111,533 | |||||||||
Total deposits | $ | 14,647,446 | $ | 14,428,544 | $ | 13,847,965 | ||||||
Mix: | ||||||||||||
Non-interest bearing | 18 | % | 17 | % | 16 | % | ||||||
NOW | 13 | 14 | 13 | |||||||||
Wealth management deposits | 8 | 7 | 7 | |||||||||
Money market | 23 | 19 | 19 | |||||||||
Savings | 9 | 9 | 8 | |||||||||
Time certificates of deposit | 29 | 34 | 37 | |||||||||
Total deposits | 100 | % | 100 | % | 100 | % | ||||||
Notes_Payable_Federal_Home_Loa1
Notes Payable, Federal Home Loan Bank Advances, Other Borrowings, Secured Borrowings and Subordinated Notes (Tables) | 9 Months Ended | |||||||||||
Sep. 30, 2013 | ||||||||||||
Debt Disclosure [Abstract] | ' | |||||||||||
Summary Of Notes Payable, Federal Home Loan Bank Advances, Other Borrowings, Secured Borrowings And Subordinated Notes | ' | |||||||||||
The following table is a summary of notes payable, Federal Home Loan Bank advances, other borrowings and subordinated notes as of the dates shown: | ||||||||||||
(Dollars in thousands) | September 30, | 31-Dec-12 | September 30, | |||||||||
2013 | 2012 | |||||||||||
Notes payable | $ | 1,546 | $ | 2,093 | $ | 2,275 | ||||||
Federal Home Loan Bank advances | 387,852 | 414,122 | 414,211 | |||||||||
Other borrowings: | ||||||||||||
Securities sold under repurchase agreements | 223,211 | 238,401 | 337,405 | |||||||||
Other | 23,659 | 36,010 | 39,824 | |||||||||
Total other borrowings | 246,870 | 274,411 | 377,229 | |||||||||
Subordinated notes | 10,000 | 15,000 | 15,000 | |||||||||
Total notes payable, Federal Home Loan Bank advances, other borrowings and subordinated notes | $ | 646,268 | $ | 705,626 | $ | 808,715 | ||||||
Junior_Subordinated_Debentures1
Junior Subordinated Debentures (Tables) | 9 Months Ended | ||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||
Junior Subordinated Debenture Owed to Unconsolidated Subsidiary Trust [Abstract] | ' | ||||||||||||||||||||||
Summary Of The Company's Junior Subordinated Debentures | ' | ||||||||||||||||||||||
The following table provides a summary of the Company’s junior subordinated debentures as of September 30, 2013. The junior subordinated debentures represent the par value of the obligations owed to the Trusts. | |||||||||||||||||||||||
(Dollars in thousands) | Common | Trust Preferred | Junior | Rate | Contractual rate | Issue | Maturity | Earliest | |||||||||||||||
Securities | Securities | Subordinated | Structure | at 9/30/2013 | Date | Date | Redemption | ||||||||||||||||
Debentures | Date | ||||||||||||||||||||||
Wintrust Capital Trust III | $ | 774 | $ | 25,000 | $ | 25,774 | L+3.25 | 3.52 | % | Apr-03 | Apr-33 | Apr-08 | |||||||||||
Wintrust Statutory Trust IV | 619 | 20,000 | 20,619 | L+2.80 | 3.05 | % | Dec-03 | Dec-33 | Dec-08 | ||||||||||||||
Wintrust Statutory Trust V | 1,238 | 40,000 | 41,238 | L+2.60 | 2.85 | % | May-04 | May-34 | Jun-09 | ||||||||||||||
Wintrust Capital Trust VII | 1,550 | 50,000 | 51,550 | L+1.95 | 2.2 | % | Dec-04 | Mar-35 | Mar-10 | ||||||||||||||
Wintrust Capital Trust VIII | 1,238 | 40,000 | 41,238 | L+1.45 | 1.7 | % | Aug-05 | Sep-35 | Sep-10 | ||||||||||||||
Wintrust Captial Trust IX | 1,547 | 50,000 | 51,547 | L+1.63 | 1.88 | % | Sep-06 | Sep-36 | Sep-11 | ||||||||||||||
Northview Capital Trust I | 186 | 6,000 | 6,186 | L+3.00 | 3.27 | % | Aug-03 | Nov-33 | Aug-08 | ||||||||||||||
Town Bankshares Capital Trust I | 186 | 6,000 | 6,186 | L+3.00 | 3.27 | % | Aug-03 | Nov-33 | Aug-08 | ||||||||||||||
First Northwest Capital Trust I | 155 | 5,000 | 5,155 | L+3.00 | 3.25 | % | May-04 | May-34 | May-09 | ||||||||||||||
Total | $ | 249,493 | 2.44 | % | |||||||||||||||||||
Segment_Information_Tables
Segment Information (Tables) | 9 Months Ended | ||||||||||||||
Sep. 30, 2013 | |||||||||||||||
Segment Reporting [Abstract] | ' | ||||||||||||||
Segment Information | ' | ||||||||||||||
The following is a summary of certain operating information for reportable segments: | |||||||||||||||
Three months ended September 30, | $ Change in | % Change in | |||||||||||||
(Dollars in thousands) | 2013 | 2012 | Contribution | Contribution | |||||||||||
Net interest income: | |||||||||||||||
Community banking | $ | 133,378 | $ | 124,684 | $ | 8,694 | 7 | % | |||||||
Specialty finance | 32,742 | 32,182 | 560 | 2 | |||||||||||
Wealth management | 1,624 | 524 | 1,100 | NM | |||||||||||
Parent and inter-segment eliminations | (25,962 | ) | (24,815 | ) | (1,147 | ) | (5 | ) | |||||||
Total net interest income | $ | 141,782 | $ | 132,575 | $ | 9,207 | 7 | % | |||||||
Non-interest income: | |||||||||||||||
Community banking | $ | 37,727 | $ | 48,912 | $ | (11,185 | ) | (23 | )% | ||||||
Specialty finance | 2,125 | 1,074 | 1,051 | 98 | |||||||||||
Wealth management | 19,044 | 16,115 | 2,929 | 18 | |||||||||||
Parent and inter-segment eliminations | (4,234 | ) | (3,156 | ) | (1,078 | ) | (34 | ) | |||||||
Total non-interest income | $ | 54,662 | $ | 62,945 | $ | (8,283 | ) | (13 | )% | ||||||
Net revenue: | |||||||||||||||
Community banking | $ | 171,105 | $ | 173,596 | $ | (2,491 | ) | (1 | )% | ||||||
Specialty finance | 34,867 | 33,256 | 1,611 | 5 | |||||||||||
Wealth management | 20,668 | 16,639 | 4,029 | 24 | |||||||||||
Parent and inter-segment eliminations | (30,196 | ) | (27,971 | ) | (2,225 | ) | (8 | ) | |||||||
Total net revenue | $ | 196,444 | $ | 195,520 | $ | 924 | — | % | |||||||
Segment profit: | |||||||||||||||
Community banking | $ | 36,279 | $ | 39,663 | $ | (3,384 | ) | (9 | )% | ||||||
Specialty finance | 14,826 | 12,967 | 1,859 | 14 | |||||||||||
Wealth management | 2,702 | 1,317 | 1,385 | NM | |||||||||||
Parent and inter-segment eliminations | (18,244 | ) | (21,645 | ) | 3,401 | 16 | |||||||||
Total segment profit | $ | 35,563 | $ | 32,302 | $ | 3,261 | 10 | % | |||||||
Segment assets: | |||||||||||||||
Community banking | $ | 17,375,033 | $ | 16,877,673 | $ | 497,360 | 3 | % | |||||||
Specialty finance | 4,222,537 | 3,796,745 | 425,792 | 11 | |||||||||||
Wealth management | 101,707 | 95,128 | 6,579 | 7 | |||||||||||
Parent and inter-segment eliminations | (4,016,729 | ) | (3,750,954 | ) | (265,775 | ) | (7 | ) | |||||||
Total segment assets | $ | 17,682,548 | $ | 17,018,592 | $ | 663,956 | 4 | % | |||||||
NM - Not Meaningful | |||||||||||||||
Nine months ended September 30, | $ Change in | % Change in | |||||||||||||
(Dollars in thousands) | 2013 | 2012 | Contribution | Contribution | |||||||||||
Net interest income: | |||||||||||||||
Community banking | $ | 384,327 | $ | 368,834 | $ | 15,493 | 4 | % | |||||||
Specialty finance | 95,292 | 88,462 | 6,830 | 8 | |||||||||||
Wealth management | 5,284 | 4,940 | 344 | 7 | |||||||||||
Parent and inter-segment eliminations | (76,584 | ) | (75,496 | ) | (1,088 | ) | (1 | ) | |||||||
Total net interest income | $ | 408,319 | $ | 386,740 | $ | 21,579 | 6 | % | |||||||
Non-interest income: | |||||||||||||||
Community banking | $ | 120,211 | $ | 117,717 | $ | 2,494 | 2 | % | |||||||
Specialty finance | 5,607 | 4,012 | 1,595 | 40 | |||||||||||
Wealth management | 55,971 | 47,316 | 8,655 | 18 | |||||||||||
Parent and inter-segment eliminations | (5,753 | ) | (8,142 | ) | 2,389 | 29 | |||||||||
Total non-interest income | $ | 176,036 | $ | 160,903 | $ | 15,133 | 9 | % | |||||||
Net revenue: | |||||||||||||||
Community banking | $ | 504,538 | $ | 486,551 | $ | 17,987 | 4 | % | |||||||
Specialty finance | 100,899 | 92,474 | 8,425 | 9 | |||||||||||
Wealth management | 61,255 | 52,256 | 8,999 | 17 | |||||||||||
Parent and inter-segment eliminations | (82,337 | ) | (83,638 | ) | 1,301 | 2 | |||||||||
Total net revenue | $ | 584,355 | $ | 547,643 | $ | 36,712 | 7 | % | |||||||
Segment profit: | |||||||||||||||
Community banking | $ | 104,153 | $ | 96,052 | $ | 8,101 | 8 | % | |||||||
Specialty finance | 42,438 | 36,401 | 6,037 | 17 | |||||||||||
Wealth management | 8,093 | 5,297 | 2,796 | 53 | |||||||||||
Parent and inter-segment eliminations | (52,762 | ) | (56,643 | ) | 3,881 | 7 | |||||||||
Total segment profit | $ | 101,922 | $ | 81,107 | $ | 20,815 | 26 | % | |||||||
Derivative_Financial_Instrumen1
Derivative Financial Instruments (Tables) | 9 Months Ended | |||||||||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||||||||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ' | |||||||||||||||||||||||||
Interest Rate Cap Derivative Summary | ' | |||||||||||||||||||||||||
Below is a summary of the interest rate cap derivatives held by the Company as of September 30, 2013: | ||||||||||||||||||||||||||
(Dollars in thousands) | ||||||||||||||||||||||||||
Notional | Accounting | Fair Value as of | ||||||||||||||||||||||||
Effective Date | Maturity Date | Amount | Treatment | 30-Sep-13 | ||||||||||||||||||||||
30-Sep-11 | 30-Sep-14 | $ | 20,000 | Cash Flow Hedging | $ | — | ||||||||||||||||||||
30-Sep-11 | 30-Sep-14 | 40,000 | Cash Flow Hedging | — | ||||||||||||||||||||||
3-May-12 | 3-May-15 | 77,000 | Non-Hedge Designated | 17 | ||||||||||||||||||||||
3-May-12 | 3-May-16 | 215,000 | Non-Hedge Designated | 685 | ||||||||||||||||||||||
1-Jun-12 | 1-Apr-15 | 96,530 | Non-Hedge Designated | 20 | ||||||||||||||||||||||
29-Aug-12 | 29-Aug-16 | 216,500 | Non-Hedge Designated | 1,117 | ||||||||||||||||||||||
22-Feb-13 | 22-Aug-16 | 100,000 | Non-Hedge Designated | 602 | ||||||||||||||||||||||
21-Mar-13 | 21-Mar-17 | 100,000 | Non-Hedge Designated | 1,199 | ||||||||||||||||||||||
16-May-13 | 16-Nov-16 | 75,000 | Non-Hedge Designated | 607 | ||||||||||||||||||||||
15-Sep-13 | 15-Sep-17 | 50,000 | Cash Flow Hedging | 951 | ||||||||||||||||||||||
30-Sep-13 | 30-Sep-17 | 40,000 | Cash Flow Hedging | 787 | ||||||||||||||||||||||
$ | 1,030,030 | $ | 5,985 | |||||||||||||||||||||||
Schedule Of Fair Value Of Derivative Financial Instruments | ' | |||||||||||||||||||||||||
The table below presents the fair value of the Company’s derivative financial instruments as of September 30, 2013, December 31, 2012 and September 30, 2012: | ||||||||||||||||||||||||||
Derivative Assets | Derivative Liabilities | |||||||||||||||||||||||||
Fair Value | Fair Value | |||||||||||||||||||||||||
(Dollars in thousands) | 30-Sep-13 | 31-Dec-12 | 30-Sep-12 | 30-Sep-13 | 31-Dec-12 | 30-Sep-12 | ||||||||||||||||||||
Derivatives designated as hedging instruments under ASC 815: | ||||||||||||||||||||||||||
Interest rate derivatives designated as Cash Flow Hedges | $ | 1,738 | $ | 2 | $ | 6 | $ | 3,444 | $ | 7,988 | $ | 9,491 | ||||||||||||||
Interest rate derivatives designated as Fair Value Hedges | $ | 82 | $ | 104 | $ | 153 | $ | 2 | $ | — | $ | — | ||||||||||||||
Total derivatives designated as hedging instruments under ASC 815 | $ | 1,820 | $ | 106 | $ | 159 | $ | 3,446 | $ | 7,988 | $ | 9,491 | ||||||||||||||
Derivatives not designated as hedging instruments under ASC 815: | ||||||||||||||||||||||||||
Interest rate derivatives | 40,125 | 47,440 | 50,190 | 35,358 | 45,767 | 48,517 | ||||||||||||||||||||
Interest rate lock commitments | 15,599 | 6,069 | 15,614 | 5,097 | 937 | 10,392 | ||||||||||||||||||||
Forward commitments to sell mortgage loans | 23 | 277 | 16 | 5,373 | 3,057 | 11,568 | ||||||||||||||||||||
Foreign exchange contracts | 6 | 14 | 11 | 26 | 2 | 9 | ||||||||||||||||||||
Total derivatives not designated as hedging instruments under ASC 815 | $ | 55,753 | $ | 53,800 | $ | 65,831 | $ | 45,854 | $ | 49,763 | $ | 70,486 | ||||||||||||||
Total derivatives | $ | 57,573 | $ | 53,906 | $ | 65,990 | $ | 49,300 | $ | 57,751 | $ | 79,977 | ||||||||||||||
Schedule Of Cash Flow Hedging Instruments | ' | |||||||||||||||||||||||||
The table below provides details on each of these cash flow hedges as of September 30, 2013: | ||||||||||||||||||||||||||
30-Sep-13 | ||||||||||||||||||||||||||
(Dollars in thousands) | Notional | Fair Value | ||||||||||||||||||||||||
Maturity Date | Amount | Asset (Liability) | ||||||||||||||||||||||||
Interest Rate Swaps: | ||||||||||||||||||||||||||
Sep-16 | 50,000 | (2,269 | ) | |||||||||||||||||||||||
Oct-16 | 25,000 | (1,175 | ) | |||||||||||||||||||||||
Total Interest Rate Swaps | 75,000 | (3,444 | ) | |||||||||||||||||||||||
Interest Rate Caps: | ||||||||||||||||||||||||||
Sep-14 | 20,000 | — | ||||||||||||||||||||||||
Sep-14 | 40,000 | — | ||||||||||||||||||||||||
Sep-17 | 50,000 | 951 | ||||||||||||||||||||||||
Sep-17 | 40,000 | 787 | ||||||||||||||||||||||||
Total Interest Rate Caps | 150,000 | 1,738 | ||||||||||||||||||||||||
Total Cash Flow Hedges | $ | 225,000 | $ | (1,706 | ) | |||||||||||||||||||||
Rollforward Of Amounts In Accumulated Other Comprehensive Income Related To Interest Rate Swaps Designated As Cash Flow Hedges | ' | |||||||||||||||||||||||||
A rollforward of the amounts in accumulated other comprehensive income related to interest rate derivatives designated as cash flow hedges follows: | ||||||||||||||||||||||||||
Three months ended September 30, | Nine months ended September 30, | |||||||||||||||||||||||||
(Dollars in thousands) | 2013 | 2012 | 2013 | 2012 | ||||||||||||||||||||||
Unrealized loss at beginning of period | $ | (5,030 | ) | $ | (9,901 | ) | $ | (8,673 | ) | $ | (11,633 | ) | ||||||||||||||
Amount reclassified from accumulated other comprehensive income to interest expense on junior subordinated debentures | 1,507 | 1,471 | 4,629 | 4,324 | ||||||||||||||||||||||
Amount of loss recognized in other comprehensive income | (859 | ) | (1,764 | ) | (338 | ) | (2,885 | ) | ||||||||||||||||||
Unrealized loss at end of period | $ | (4,382 | ) | $ | (10,194 | ) | $ | (4,382 | ) | $ | (10,194 | ) | ||||||||||||||
Derivatives Used To Hedge Changes In Fair Value Attributable To Interest Rate Risk | ' | |||||||||||||||||||||||||
The following table presents the gain/(loss) and hedge ineffectiveness recognized on derivative instruments and the related hedged items that are designated as a fair value hedge accounting relationship as of September 30, 2013 and 2012: | ||||||||||||||||||||||||||
(Dollars in thousands) | Location of Gain or (Loss) | Amount of Gain or (Loss) Recognized | Amount of Gain or (Loss) Recognized | Income Statement Gain/ | ||||||||||||||||||||||
Recognized in Income on | in Income on Derivative | in Income on Hedged Item | (Loss) due to Hedge | |||||||||||||||||||||||
Derivative | Three Months Ended September 30, | Three Months Ended September 30, | Ineffectiveness | |||||||||||||||||||||||
Three Months Ended | ||||||||||||||||||||||||||
Derivatives in Fair Value | September 30, | |||||||||||||||||||||||||
Hedging Relationships | 2013 | 2012 | 2013 | 2012 | 2013 | 2012 | ||||||||||||||||||||
Interest rate products | Other income | $ | (14 | ) | $ | (229 | ) | $ | 14 | $ | 266 | $ | — | $ | 37 | |||||||||||
(Dollars in thousands) | Location of Gain or (Loss) | Amount of Gain or (Loss) Recognized | Amount of Gain or (Loss) Recognized | Income Statement Gain/ | ||||||||||||||||||||||
Recognized in Income on | in Income on Derivative | in Income on Hedged Item | (Loss) due to Hedge | |||||||||||||||||||||||
Derivative | Nine Months Ended September 30, | Nine Months Ended September 30, | Ineffectiveness | |||||||||||||||||||||||
Nine Months Ended | ||||||||||||||||||||||||||
Derivatives in Fair Value | September 30, | |||||||||||||||||||||||||
Hedging Relationships | 2013 | 2012 | 2013 | 2012 | 2013 | 2012 | ||||||||||||||||||||
Interest rate products | Other income | $ | 42 | $ | (432 | ) | $ | (33 | ) | $ | 482 | $ | 9 | $ | 50 | |||||||||||
Summary Amounts Included In Consolidated Statement Of Income Related To Derivatives | ' | |||||||||||||||||||||||||
Amounts included in the Consolidated Statements of Income related to derivative instruments not designated in hedge relationships were as follows: | ||||||||||||||||||||||||||
Three Months Ended | Nine Months Ended | |||||||||||||||||||||||||
(Dollars in thousands) | September 30, | September 30, | ||||||||||||||||||||||||
Derivative | Location in income statement | 2013 | 2012 | 2013 | 2012 | |||||||||||||||||||||
Interest rate swaps and caps | Other income | $ | (1,738 | ) | $ | (1,025 | ) | $ | 1,182 | $ | (1,822 | ) | ||||||||||||||
Mortgage banking derivatives | Mortgage banking revenue | (6,644 | ) | (295 | ) | 4,352 | 2,068 | |||||||||||||||||||
Covered call options | Fees from covered call options | 285 | 2,083 | 2,917 | 8,320 | |||||||||||||||||||||
Foreign exchange contracts | Other income | 33 | 2 | (34 | ) | 59 | ||||||||||||||||||||
Derivative Asset and Liability Balance Sheet Offsetting [Table Text Block] | ' | |||||||||||||||||||||||||
The Company records interest rate derivatives subject to master netting agreements at their gross value and does not offset derivative assets and liabilities on the Consolidated Statements of Condition. The tables below summarize the Company's interest rate derivatives and offsetting positions as of the dates shown. | ||||||||||||||||||||||||||
Derivative Assets | Derivative Liabilities | |||||||||||||||||||||||||
Fair Value | Fair Value | |||||||||||||||||||||||||
(Dollars in thousands) | 30-Sep-13 | 31-Dec-12 | 30-Sep-12 | 30-Sep-13 | 31-Dec-12 | 30-Sep-12 | ||||||||||||||||||||
Gross Amounts Recognized | $ | 41,945 | $ | 47,546 | $ | 50,349 | $ | 38,804 | $ | 53,755 | $ | 58,008 | ||||||||||||||
Less: Amounts offset in the Statements of Financial Condition | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||
Net amount presented in the Statements of Financial Condition | $ | 41,945 | $ | 47,546 | $ | 50,349 | $ | 38,804 | $ | 53,755 | $ | 58,008 | ||||||||||||||
Gross amounts not offset in the Statements of Financial Condition | ||||||||||||||||||||||||||
Offsetting Derivative Positions | (6,362 | ) | (339 | ) | (258 | ) | (6,362 | ) | (339 | ) | (258 | ) | ||||||||||||||
Securities Collateral Posted (1) | — | — | — | (28,620 | ) | (46,811 | ) | (48,735 | ) | |||||||||||||||||
Cash Collateral Posted | — | — | — | — | (6,605 | ) | (7,138 | ) | ||||||||||||||||||
Net Credit Exposure | $ | 35,583 | $ | 47,207 | $ | 50,091 | $ | 3,822 | $ | — | $ | 1,877 | ||||||||||||||
(1) As of December 31, 2012, the Company posted securities collateral of $49.9 million which resulted in excess collateral with its counterparties. For purposes of this disclosure, the amount of posted collateral is limited to the amount offsetting the derivative liability. |
Fair_Values_of_Assets_and_Liab1
Fair Values of Assets and Liabilities (Tables) | 9 Months Ended | |||||||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | |||||||||||||||||||||||
Summary Of Balances Of Assets And Liabilities Measured At Fair Value On A Recurring Basis | ' | |||||||||||||||||||||||
The following tables present the balances of assets and liabilities measured at fair value on a recurring basis for the periods presented: | ||||||||||||||||||||||||
September 30, 2013 | ||||||||||||||||||||||||
(Dollars in thousands) | Total | Level 1 | Level 2 | Level 3 | ||||||||||||||||||||
Available-for-sale securities | ||||||||||||||||||||||||
U.S. Treasury | $ | 210,902 | $ | — | $ | 210,902 | $ | — | ||||||||||||||||
U.S. Government agencies | 912,689 | — | 912,689 | — | ||||||||||||||||||||
Municipal | 150,647 | — | 117,959 | 32,688 | ||||||||||||||||||||
Corporate notes and other | 139,181 | — | 139,181 | — | ||||||||||||||||||||
Mortgage-backed | 319,193 | — | 319,193 | — | ||||||||||||||||||||
Equity securities | 49,271 | — | 28,829 | 20,442 | ||||||||||||||||||||
Trading account securities | 259 | — | 259 | — | ||||||||||||||||||||
Mortgage loans held-for-sale | 329,186 | — | 329,186 | — | ||||||||||||||||||||
Mortgage servicing rights | 8,608 | — | — | 8,608 | ||||||||||||||||||||
Nonqualified deferred compensations assets | 6,801 | — | 6,801 | — | ||||||||||||||||||||
Derivative assets | 57,573 | — | 57,573 | — | ||||||||||||||||||||
Total | $ | 2,184,310 | $ | — | $ | 2,122,572 | $ | 61,738 | ||||||||||||||||
Derivative liabilities | $ | 49,300 | $ | — | $ | 49,300 | $ | — | ||||||||||||||||
31-Dec-12 | ||||||||||||||||||||||||
(Dollars in thousands) | Total | Level 1 | Level 2 | Level 3 | ||||||||||||||||||||
Available-for-sale securities | ||||||||||||||||||||||||
U.S. Treasury | $ | 219,487 | $ | — | $ | 219,487 | $ | — | ||||||||||||||||
U.S. Government agencies | 990,039 | — | 990,039 | — | ||||||||||||||||||||
Municipal | 110,471 | — | 79,701 | 30,770 | ||||||||||||||||||||
Corporate notes and other | 154,806 | — | 154,806 | — | ||||||||||||||||||||
Mortgage-backed | 271,574 | — | 271,574 | — | ||||||||||||||||||||
Equity securities | 49,699 | — | 27,530 | 22,169 | ||||||||||||||||||||
Trading account securities | 583 | — | 583 | — | ||||||||||||||||||||
Mortgage loans held-for-sale | 385,033 | — | 385,033 | — | ||||||||||||||||||||
Mortgage servicing rights | 6,750 | — | — | 6,750 | ||||||||||||||||||||
Nonqualified deferred compensations assets | 5,532 | — | 5,532 | — | ||||||||||||||||||||
Derivative assets | 53,906 | — | 53,906 | — | ||||||||||||||||||||
Total | $ | 2,247,880 | $ | — | $ | 2,188,191 | $ | 59,689 | ||||||||||||||||
Derivative liabilities | $ | 57,751 | $ | — | $ | 57,751 | $ | — | ||||||||||||||||
30-Sep-12 | ||||||||||||||||||||||||
(Dollars in thousands) | Total | Level 1 | Level 2 | Level 3 | ||||||||||||||||||||
Available-for-sale securities | ||||||||||||||||||||||||
U.S. Treasury | $ | 25,256 | $ | — | $ | 25,256 | $ | — | ||||||||||||||||
U.S. Government agencies | 628,184 | — | 628,184 | — | ||||||||||||||||||||
Municipal | 99,384 | — | 63,629 | 35,755 | ||||||||||||||||||||
Corporate notes and other | 156,989 | — | 156,989 | — | ||||||||||||||||||||
Mortgage-backed | 306,238 | — | 306,238 | — | ||||||||||||||||||||
Equity securities | 40,717 | — | 18,462 | 22,255 | ||||||||||||||||||||
Trading account securities | 635 | — | 635 | — | ||||||||||||||||||||
Mortgage loans held-for-sale | 548,300 | — | 548,300 | — | ||||||||||||||||||||
Mortgage servicing rights | 6,276 | — | — | 6,276 | ||||||||||||||||||||
Nonqualified deferred compensations assets | 5,438 | — | 5,438 | — | ||||||||||||||||||||
Derivative assets | 65,990 | — | 65,990 | — | ||||||||||||||||||||
Total | $ | 1,883,407 | $ | — | $ | 1,819,121 | $ | 64,286 | ||||||||||||||||
Derivative liabilities | $ | 79,977 | $ | — | $ | 79,977 | $ | — | ||||||||||||||||
Summary Of Changes In Level 3 Assets And Liabilities Measured At Fair Value On A Recurring Basis | ' | |||||||||||||||||||||||
The changes in Level 3 assets measured at fair value on a recurring basis during the three and nine months ended September 30, 2013 and 2012 are summarized as follows: | ||||||||||||||||||||||||
Equity securities | Mortgage | |||||||||||||||||||||||
(Dollars in thousands) | Municipal | servicing rights | ||||||||||||||||||||||
Balance at June 30, 2013 | $ | 32,432 | $ | 22,428 | $ | 8,636 | ||||||||||||||||||
Total net gains (losses) included in: | ||||||||||||||||||||||||
Net loss (1) | — | — | (28 | ) | ||||||||||||||||||||
Other comprehensive loss | (2 | ) | (1,986 | ) | — | |||||||||||||||||||
Purchases | 6,225 | — | — | |||||||||||||||||||||
Issuances | — | — | — | |||||||||||||||||||||
Sales | — | — | — | |||||||||||||||||||||
Settlements | (5,967 | ) | — | — | ||||||||||||||||||||
Net transfers into/(out of) Level 3 | — | — | — | |||||||||||||||||||||
Balance at September 30, 2013 | $ | 32,688 | $ | 20,442 | $ | 8,608 | ||||||||||||||||||
-1 | Changes in the balance of mortgage servicing rights are recorded as a component of mortgage banking revenue in non-interest income. | |||||||||||||||||||||||
Equity securities | Mortgage | |||||||||||||||||||||||
(Dollars in thousands) | Municipal | servicing rights | ||||||||||||||||||||||
Balance at January 1, 2013 | $ | 30,770 | $ | 22,169 | $ | 6,750 | ||||||||||||||||||
Total net gains (losses) included in: | ||||||||||||||||||||||||
Net income (1) | — | — | 1,858 | |||||||||||||||||||||
Other comprehensive loss | (316 | ) | (1,727 | ) | — | |||||||||||||||||||
Purchases | 8,572 | — | — | |||||||||||||||||||||
Issuances | — | — | — | |||||||||||||||||||||
Sales | — | — | — | |||||||||||||||||||||
Settlements | (6,338 | ) | — | — | ||||||||||||||||||||
Net transfers into/(out of) Level 3 | — | — | — | |||||||||||||||||||||
Balance at September 30, 2013 | $ | 32,688 | $ | 20,442 | $ | 8,608 | ||||||||||||||||||
-1 | Changes in the balance of mortgage servicing rights are recorded as a component of mortgage banking revenue in non-interest income. | |||||||||||||||||||||||
Equity securities | Mortgage | |||||||||||||||||||||||
(Dollars in thousands) | Municipal | servicing rights | ||||||||||||||||||||||
Balance at June 30, 2012 | $ | 25,537 | $ | 20,218 | $ | 6,647 | ||||||||||||||||||
Total net gains (losses) included in: | ||||||||||||||||||||||||
Net loss (1) | — | — | (371 | ) | ||||||||||||||||||||
Other comprehensive income | 14 | 2,037 | — | |||||||||||||||||||||
Purchases | 10,204 | — | — | |||||||||||||||||||||
Issuances | — | — | — | |||||||||||||||||||||
Sales | — | — | — | |||||||||||||||||||||
Settlements | — | — | — | |||||||||||||||||||||
Net transfers into/(out of) Level 3 | — | — | — | |||||||||||||||||||||
Balance at September 30, 2012 | $ | 35,755 | $ | 22,255 | $ | 6,276 | ||||||||||||||||||
-1 | Changes in the balance of mortgage servicing rights are recorded as a component of mortgage banking revenue in non-interest income. | |||||||||||||||||||||||
Equity securities | Mortgage | |||||||||||||||||||||||
(Dollars in thousands) | Municipal | servicing rights | ||||||||||||||||||||||
Balance at January 1, 2012 | $ | 24,211 | $ | 18,971 | $ | 6,700 | ||||||||||||||||||
Total net gains (losses) included in: | ||||||||||||||||||||||||
Net loss (1) | — | — | (424 | ) | ||||||||||||||||||||
Other comprehensive income | 50 | 3,284 | — | |||||||||||||||||||||
Purchases | 14,044 | — | — | |||||||||||||||||||||
Issuances | — | — | — | |||||||||||||||||||||
Sales | — | — | — | |||||||||||||||||||||
Settlements | (148 | ) | — | — | ||||||||||||||||||||
Net transfers out of Level 3 (2) | (2,402 | ) | — | — | ||||||||||||||||||||
Balance at September 30, 2012 | $ | 35,755 | $ | 22,255 | $ | 6,276 | ||||||||||||||||||
-1 | Changes in the balance of mortgage servicing rights are recorded as a component of mortgage banking revenue in non-interest income. | |||||||||||||||||||||||
-2 | During the first quarter of 2012, one municipal security was transferred out of Level 3 into Level 2 as observable market information was available that market participants would use in pricing these securities. Transfers out of Level 3 are recognized at the end of the reporting period. | |||||||||||||||||||||||
Summary Of Assets Measured At Fair Value On A Nonrecurring Basis | ' | |||||||||||||||||||||||
For assets measured at fair value on a nonrecurring basis that were still held in the balance sheet at the end of the period, the following table provides the carrying value of the related individual assets or portfolios at September 30, 2013. | ||||||||||||||||||||||||
September 30, 2013 | Three Months | Nine Months | ||||||||||||||||||||||
Ended September 30, 2013 | Ended | |||||||||||||||||||||||
Fair Value Losses Recognized | September 30, | |||||||||||||||||||||||
2013 | ||||||||||||||||||||||||
Fair Value | ||||||||||||||||||||||||
Losses | ||||||||||||||||||||||||
(Dollars in thousands) | Total | Level 1 | Level 2 | Level 3 | Recognized | |||||||||||||||||||
Impaired loans—collateral based | $ | 97,093 | $ | — | $ | — | $ | 97,093 | $ | 8,380 | $ | 24,430 | ||||||||||||
Other real estate owned, including covered other real estate owned (1) | 142,287 | — | — | 142,287 | 2,269 | 8,403 | ||||||||||||||||||
Mortgage loans held-for-sale, at lower of cost or market | 5,159 | — | 5,159 | — | — | — | ||||||||||||||||||
Total | $ | 244,539 | $ | — | $ | 5,159 | $ | 239,380 | $ | 10,649 | $ | 32,833 | ||||||||||||
-1 | Fair value losses recognized on other real estate owned include valuation adjustments and charge-offs during the respective period. | |||||||||||||||||||||||
Schedule Of Valuation Techniques And Significant Unobservable Inputs Used To Measure Both Recurring And Non-Recurring | ' | |||||||||||||||||||||||
The valuation techniques and significant unobservable inputs used to measure both recurring and non-recurring Level 3 fair value measurements at September 30, 2013 were as follows: | ||||||||||||||||||||||||
(Dollars in thousands) | ||||||||||||||||||||||||
Fair Value | Valuation Methodology | Significant Unobservable Input | Range | Weighted | Impact to valuation | |||||||||||||||||||
of Inputs | Average | from an increased or | ||||||||||||||||||||||
of Inputs | higher input value | |||||||||||||||||||||||
Measured at fair value on a recurring basis: | ||||||||||||||||||||||||
Municipal Securities | $ | 32,688 | Bond pricing | Equivalent rating | BBB-AA+ | N/A | Increase | |||||||||||||||||
Other Equity Securities | 20,442 | Discounted cash flows | Discount rate | 1.83%-2.71% | 2.28% | Decrease | ||||||||||||||||||
Mortgage Servicing Rights | 8,608 | Discounted cash flows | Discount rate | 10%-13.5% | 10.17% | Decrease | ||||||||||||||||||
Constant prepayment rate (CPR) | 11%-17% | 13.55% | Decrease | |||||||||||||||||||||
Measured at fair value on a non-recurring basis: | ||||||||||||||||||||||||
Impaired loans—collateral based | $ | 97,093 | Appraisal value | N/A | N/A | N/A | N/A | |||||||||||||||||
Other real estate owned, including covered other real estate owned | 142,287 | Appraisal value | Property specific impairment adjustment | 0%-48% | 1.87% | Decrease | ||||||||||||||||||
Summary Of Carrying Amounts And Estimated Fair Values Of Financial Instruments | ' | |||||||||||||||||||||||
The carrying amounts and estimated fair values of the Company’s financial instruments as of the dates shown: | ||||||||||||||||||||||||
At September 30, 2013 | At December 31, 2012 | At September 30, 2012 | ||||||||||||||||||||||
Carrying | Fair | Carrying | Fair | Carrying | Fair | |||||||||||||||||||
(Dollars in thousands) | Value | Value | Value | Value | Value | Value | ||||||||||||||||||
Financial Assets: | ||||||||||||||||||||||||
Cash and cash equivalents | $ | 330,637 | $ | 330,637 | $ | 315,028 | $ | 315,028 | $ | 212,814 | $ | 212,814 | ||||||||||||
Interest bearing deposits with banks | 681,834 | 681,834 | 1,035,743 | 1,035,743 | 934,430 | 934,430 | ||||||||||||||||||
Available-for-sale securities | 1,781,883 | 1,781,883 | 1,796,076 | 1,796,076 | 1,256,768 | 1,256,768 | ||||||||||||||||||
Trading account securities | 259 | 259 | 583 | 583 | 635 | 635 | ||||||||||||||||||
Brokerage customer receivables | 29,253 | 29,253 | 24,864 | 24,864 | 30,633 | 30,633 | ||||||||||||||||||
Federal Home Loan Bank and Federal Reserve Bank stock, at cost | 76,755 | 76,755 | 79,564 | 79,564 | 80,687 | 80,687 | ||||||||||||||||||
Mortgage loans held-for-sale, at fair value | 329,186 | 329,186 | 385,033 | 385,033 | 548,300 | 548,300 | ||||||||||||||||||
Mortgage loans held-for-sale, at lower of cost or market | 5,159 | 5,218 | 27,167 | 27,568 | 21,685 | 22,042 | ||||||||||||||||||
Total loans | 12,997,027 | 13,576,959 | 12,389,030 | 13,053,101 | 12,147,425 | 12,835,354 | ||||||||||||||||||
Mortgage servicing rights | 8,608 | 8,608 | 6,750 | 6,750 | 6,276 | 6,276 | ||||||||||||||||||
Nonqualified deferred compensation assets | 6,801 | 6,801 | 5,532 | 5,532 | 5,438 | 5,438 | ||||||||||||||||||
Derivative assets | 57,573 | 57,573 | 53,906 | 53,906 | 65,990 | 65,990 | ||||||||||||||||||
FDIC indemnification asset | 100,313 | 100,313 | 208,160 | 208,160 | 238,305 | 238,305 | ||||||||||||||||||
Accrued interest receivable and other | 165,209 | 165,209 | 157,157 | 157,157 | 157,923 | 157,923 | ||||||||||||||||||
Total financial assets | $ | 16,570,497 | $ | 17,150,488 | $ | 16,484,593 | $ | 17,149,065 | $ | 15,707,309 | $ | 16,395,595 | ||||||||||||
Financial Liabilities | ||||||||||||||||||||||||
Non-maturity deposits | $ | 10,386,493 | 10,386,493 | $ | 9,447,633 | $ | 9,447,633 | $ | 8,736,432 | $ | 8,736,432 | |||||||||||||
Deposits with stated maturities | 4,260,953 | 4,272,459 | 4,980,911 | 5,013,757 | 5,111,533 | 5,149,824 | ||||||||||||||||||
Notes payable | 1,546 | 1,546 | 2,093 | 2,093 | 2,275 | 2,275 | ||||||||||||||||||
Federal Home Loan Bank advances | 387,852 | 393,602 | 414,122 | 425,431 | 414,211 | 427,006 | ||||||||||||||||||
Subordinated notes | 10,000 | 10,000 | 15,000 | 15,000 | 15,000 | 15,000 | ||||||||||||||||||
Other borrowings | 246,870 | 246,870 | 274,411 | 274,411 | 377,229 | 377,229 | ||||||||||||||||||
Junior subordinated debentures | 249,493 | 250,751 | 249,493 | 250,428 | 249,493 | 250,385 | ||||||||||||||||||
Derivative liabilities | 49,300 | 49,300 | 57,751 | 57,751 | 79,977 | 79,977 | ||||||||||||||||||
Accrued interest payable and other | 7,758 | 7,758 | 11,589 | 11,589 | 11,133 | 11,133 | ||||||||||||||||||
Total financial liabilities | $ | 15,600,265 | $ | 15,618,779 | $ | 15,453,003 | $ | 15,498,093 | $ | 14,997,283 | $ | 15,049,261 | ||||||||||||
StockBased_Compensation_Plans_
Stock-Based Compensation Plans (Tables) | 9 Months Ended | |||||||||||||
Sep. 30, 2013 | ||||||||||||||
Share-based Compensation [Abstract] | ' | |||||||||||||
Weighted Average Assumptions Used To Determine The Options Fair Value | ' | |||||||||||||
The following table presents the weighted average assumptions used to determine the fair value of options granted in the nine month periods ending September 30, 2013 and 2012. | ||||||||||||||
Nine Months Ended | Nine Months Ended | |||||||||||||
September 30, | September 30, | |||||||||||||
2013 | 2012 | |||||||||||||
Expected dividend yield | 0.5 | % | 0.6 | % | ||||||||||
Expected volatility | 59.1 | % | 62.6 | % | ||||||||||
Risk-free rate | 0.7 | % | 0.7 | % | ||||||||||
Expected option life (in years) | 4.5 | 4.5 | ||||||||||||
Summary Of Stock Option Activity | ' | |||||||||||||
A summary of the Plans' stock option activity for the nine months ended September 30, 2013 and September 30, 2012 is presented below: | ||||||||||||||
Stock Options | Common | Weighted | Remaining | Intrinsic | ||||||||||
Shares | Average | Contractual | Value (2) | |||||||||||
Strike Price | Term (1) | $0 | ||||||||||||
Outstanding at January 1, 2013 | 1,745,427 | $ | 42.31 | |||||||||||
Granted | 235,002 | 37.97 | ||||||||||||
Exercised | (78,184 | ) | 28.5 | |||||||||||
Forfeited or canceled | (45,818 | ) | 45.18 | |||||||||||
Outstanding at September 30, 2013 | 1,856,427 | $ | 42.27 | 2.4 | $ | 6,786 | ||||||||
Exercisable at September 30, 2013 | 1,845,560 | $ | 42.32 | 2.4 | $ | 6,710 | ||||||||
Stock Options | Common | Weighted | Remaining | Intrinsic | ||||||||||
Shares | Average | Contractual | Value (2) | |||||||||||
Strike Price | Term (1) | $0 | ||||||||||||
Outstanding at January 1, 2012 | 2,064,534 | $ | 38.83 | |||||||||||
Granted | 250,997 | 31.16 | ||||||||||||
Exercised | (421,426 | ) | 20.27 | |||||||||||
Forfeited or canceled | (50,235 | ) | 36.42 | |||||||||||
Outstanding at September 30, 2012 | 1,843,870 | $ | 42.09 | 3.2 | $ | 5,029 | ||||||||
Exercisable at September 30, 2012 | 1,840,731 | $ | 42.11 | 3.2 | $ | 5,010 | ||||||||
-1 | Represents the remaining weighted average contractual life in years. | |||||||||||||
-2 | ||||||||||||||
Summary Of Plans' Restricted Share And Performance-Vested Stock Award Activity | ' | |||||||||||||
A summary of the Plans' restricted share and performance-based stock award activity for the nine months ended September 30, 2013 and September 30, 2012 is presented below: | ||||||||||||||
Nine months ended September 30, 2013 | Nine months ended September 30, 2012 | |||||||||||||
Restricted Shares | Common | Weighted | Common | Weighted | ||||||||||
Shares | Average | Shares | Average | |||||||||||
Grant-Date | Grant-Date | |||||||||||||
Fair Value | Fair Value | |||||||||||||
Outstanding at January 1 | 314,226 | $ | 37.99 | 336,709 | $ | 38.29 | ||||||||
Granted | 10,617 | 40.86 | 109,557 | 32.31 | ||||||||||
Vested and issued | (135,767 | ) | 31.97 | (123,629 | ) | 34.46 | ||||||||
Forfeited | (1,236 | ) | 35.02 | (1,353 | ) | 30.99 | ||||||||
Outstanding at September 30 | 187,840 | $ | 42.51 | 321,284 | $ | 37.76 | ||||||||
Vested, but not issuable at September 30 | 85,000 | $ | 51.88 | 85,320 | $ | 51.8 | ||||||||
Performance-based Shares | ||||||||||||||
Outstanding at January 1 | 153,915 | $ | 31.78 | 72,158 | $ | 33.25 | ||||||||
Granted | 105,825 | 37.87 | 119,476 | 31.1 | ||||||||||
Vested and issued | — | — | — | — | ||||||||||
Net change due to estimated performance | (21,249 | ) | 36.05 | 19,651 | 30.55 | |||||||||
Forfeited | (6,115 | ) | 34.29 | (3,897 | ) | 32.07 | ||||||||
Outstanding at September 30 | 232,376 | $ | 34.1 | 207,388 | $ | 31.78 | ||||||||
Shareholders_Equity_and_Earnin1
Shareholders' Equity and Earnings Per Share (Tables) | 9 Months Ended | |||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||
Shareholders' Equity and Earnings Per Share Disclosure [Abstract] | ' | |||||||||||||||||
Aggregate Fair Values Assigned To Each Component Of Tangible Equity Units Offering | ' | |||||||||||||||||
The aggregate fair values assigned to each component of the TEU offering at the issuance date were as follows: | ||||||||||||||||||
(Dollars in thousands, except per unit amounts) | Equity | Debt | TEU Total | |||||||||||||||
Component | Component | |||||||||||||||||
Units issued (1) | 4,600 | 4,600 | 4,600 | |||||||||||||||
Unit price | $ | 40.271818 | $ | 9.728182 | $ | 50 | ||||||||||||
Gross proceeds | 185,250 | 44,750 | 230,000 | |||||||||||||||
Issuance costs, including discount | 5,934 | 1,419 | 7,353 | |||||||||||||||
Net proceeds | $ | 179,316 | $ | 43,331 | $ | 222,647 | ||||||||||||
Balance sheet impact | ||||||||||||||||||
Other borrowings | — | 43,331 | 43,331 | |||||||||||||||
Surplus | 179,316 | — | 179,316 | |||||||||||||||
-1 | TEUs consist of two components: one unit of the equity component and one unit of the debt component. | |||||||||||||||||
Market Value Of Company Common Stock And Settlement Rate | ' | |||||||||||||||||
Each prepaid common stock purchase contract will automatically settle on December 15, 2013 and the Company will deliver not more than 1.6666 shares and not less than 1.3333 shares of its common stock based on the applicable market value (the average of the volume weighted average price of Company common stock for the twenty (20) consecutive trading days ending on the third trading day immediately preceding December 15, 2013) as follows: | ||||||||||||||||||
Applicable market value of | Settlement Rate | |||||||||||||||||
Company common stock | ||||||||||||||||||
Less than or equal to $30.00 | 1.6666 | |||||||||||||||||
Greater than $30.00 but less than $37.50 | $50.00, divided by the applicable market value | |||||||||||||||||
Greater than or equal to $37.50 | 1.3333 | |||||||||||||||||
Components Of Other Comprehensive Income (Loss) | ' | |||||||||||||||||
The following tables summarize the components of other comprehensive (loss) income, including the related income tax effects, and the related amount reclassified to net income for the periods presented (in thousands). | ||||||||||||||||||
Accumulated | Accumulated | Accumulated | Total | |||||||||||||||
Unrealized | Unrealized | Foreign | Accumulated | |||||||||||||||
Gains (Losses) on | Losses on | Currency | Other | |||||||||||||||
Securities | Derivative | Translation | Comprehensive | |||||||||||||||
Instruments | Adjustments | Income (Loss) | ||||||||||||||||
Balance at July 1, 2013 | $ | (41,213 | ) | $ | (3,100 | ) | $ | (4,891 | ) | $ | (49,204 | ) | ||||||
Other comprehensive income (loss) during the period, net of tax, before reclassifications | (1,460 | ) | (518 | ) | 3,905 | 1,927 | ||||||||||||
Amount reclassified from accumulated other comprehensive income (loss), net of tax | (45 | ) | 908 | — | 863 | |||||||||||||
Net other comprehensive income (loss) during the period, net of tax | $ | (1,505 | ) | $ | 390 | $ | 3,905 | $ | 2,790 | |||||||||
Balance at September 30, 2013 | $ | (42,718 | ) | $ | (2,710 | ) | $ | (986 | ) | $ | (46,414 | ) | ||||||
Balance at January 1, 2013 | $ | 6,710 | $ | (5,292 | ) | $ | 6,293 | $ | 7,711 | |||||||||
Other comprehensive income (loss) during the period, net of tax, before reclassifications | (49,231 | ) | (206 | ) | (7,279 | ) | (56,716 | ) | ||||||||||
Amount reclassified from accumulated other comprehensive income (loss), net of tax | (197 | ) | 2,788 | — | 2,591 | |||||||||||||
Net other comprehensive income (loss) during the period, net of tax | $ | (49,428 | ) | $ | 2,582 | $ | (7,279 | ) | $ | (54,125 | ) | |||||||
Balance at September 30, 2013 | $ | (42,718 | ) | $ | (2,710 | ) | $ | (986 | ) | $ | (46,414 | ) | ||||||
Balance at July 1, 2012 | $ | 5,907 | $ | (6,037 | ) | $ | 2,101 | $ | 1,971 | |||||||||
Other comprehensive income (loss) during the period, net of tax, before reclassifications | 2,358 | (1,055 | ) | 5,897 | 7,200 | |||||||||||||
Amount reclassified from accumulated other comprehensive income (loss), net of tax | (247 | ) | 881 | — | 634 | |||||||||||||
Net other comprehensive income (loss) during the period, net of tax | $ | 2,111 | $ | (174 | ) | $ | 5,897 | $ | 7,834 | |||||||||
Balance at September 30, 2012 | $ | 8,018 | $ | (6,211 | ) | $ | 7,998 | $ | 9,805 | |||||||||
Balance at January 1, 2012 | $ | 4,204 | $ | (7,082 | ) | $ | — | $ | (2,878 | ) | ||||||||
Other comprehensive income (loss) during the period, net of tax, before reclassifications | 5,214 | (1,718 | ) | 7,998 | 11,494 | |||||||||||||
Amount reclassified from accumulated other comprehensive income (loss), net of tax | (1,400 | ) | 2,589 | — | 1,189 | |||||||||||||
Net other comprehensive income (loss) during the period, net of tax | $ | 3,814 | $ | 871 | $ | 7,998 | $ | 12,683 | ||||||||||
Balance at September 30, 2012 | $ | 8,018 | $ | (6,211 | ) | $ | 7,998 | $ | 9,805 | |||||||||
Other Comprehensive Income Reclassified from AOCI [Table Text Block] | ' | |||||||||||||||||
Amount Reclassified from Accumulated Other Comprehensive Income for the | ||||||||||||||||||
Details Regarding the Component of | Three Months Ended | Nine Months Ended | Impacted Line on the | |||||||||||||||
September 30, | September 30, | |||||||||||||||||
Accumulated Other Comprehensive Income | 2013 | 2012 | 2013 | 2012 | Consolidated Statements of Income | |||||||||||||
Accumulated unrealized losses on securities | ||||||||||||||||||
Gains included in net income | $ | 75 | $ | 409 | $ | 328 | $ | 2,334 | Gains on available-for-sale securities, net | |||||||||
75 | 409 | 328 | 2,334 | Income before taxes | ||||||||||||||
Tax effect | $ | (30 | ) | $ | (162 | ) | $ | (131 | ) | $ | (934 | ) | Income tax expense | |||||
Net of tax | $ | 45 | $ | 247 | $ | 197 | $ | 1,400 | Net income | |||||||||
Accumulated unrealized losses on derivative instruments | ||||||||||||||||||
Amount reclassified to interest expense on junior subordinated debentures | $ | 1,507 | $ | 1,471 | $ | 4,629 | $ | 4,324 | Interest on junior subordinated debentures | |||||||||
(1,507 | ) | (1,471 | ) | (4,629 | ) | (4,324 | ) | Loss before taxes | ||||||||||
Tax effect | $ | 599 | $ | 590 | $ | 1,841 | $ | 1,735 | Income tax benefit | |||||||||
Net of tax | $ | (908 | ) | $ | (881 | ) | $ | (2,788 | ) | $ | (2,589 | ) | Net loss | |||||
Computation Of Basic And Diluted Earnings Per Common Share | ' | |||||||||||||||||
The following table shows the computation of basic and diluted earnings per share for the periods indicated: | ||||||||||||||||||
Three Months Ended | Nine Months Ended | |||||||||||||||||
September 30, | September 30, | |||||||||||||||||
(In thousands, except per share data) | 2013 | 2012 | 2013 | 2012 | ||||||||||||||
Net income | $ | 35,563 | $ | 32,302 | $ | 101,922 | $ | 81,107 | ||||||||||
Less: Preferred stock dividends and discount accretion | 1,581 | 2,616 | 6,814 | 6,477 | ||||||||||||||
Net income applicable to common shares—Basic | (A) | 33,982 | 29,686 | 95,108 | 74,630 | |||||||||||||
Add: Dividends on convertible preferred stock, if dilutive | 1,581 | 2,581 | 6,744 | 6,374 | ||||||||||||||
Net income applicable to common shares—Diluted | (B) | 35,563 | 32,267 | 101,852 | 81,004 | |||||||||||||
Weighted average common shares outstanding | (C) | 39,331 | 36,381 | 37,939 | 36,305 | |||||||||||||
Effect of dilutive potential common shares | ||||||||||||||||||
Common stock equivalents | 7,346 | 7,275 | 7,263 | 7,159 | ||||||||||||||
Convertible preferred stock, if dilutive | 3,477 | 5,020 | 4,500 | 4,133 | ||||||||||||||
Total dilutive potential common shares | 10,823 | 12,295 | 11,763 | 11,292 | ||||||||||||||
Weighted average common shares and effect of dilutive potential common shares | (D) | 50,154 | 48,676 | 49,702 | 47,597 | |||||||||||||
Net income per common share: | ||||||||||||||||||
Basic | (A/C) | $ | 0.86 | $ | 0.82 | $ | 2.51 | $ | 2.06 | |||||||||
Diluted | (B/D) | $ | 0.71 | $ | 0.66 | $ | 2.05 | $ | 1.7 | |||||||||
Business_Combinations_FDIC_Ass
Business Combinations (FDIC Assisted Transactions) (Detail) (USD $) | 3 Months Ended | 9 Months Ended | 0 Months Ended | |||||||||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Jun. 30, 2013 | Dec. 31, 2012 | Mar. 31, 2012 | Dec. 31, 2011 | Feb. 10, 2012 | Jul. 20, 2012 | Sep. 28, 2012 | ||
Charter National [Member] | Second Federal [Member] | First United Bank [Member] | ||||||||||
Business Acquisition [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |
Date of acquisition | ' | ' | ' | ' | ' | ' | ' | ' | 10-Feb-12 | 20-Jul-12 | 28-Sep-12 | |
Fair value of assets acquired, at the acquisition date | ' | ' | ' | ' | ' | ' | ' | ' | $92,355,000 | $171,625,000 | $328,408,000 | |
Fair value of loans acquired, at the acquisition date | ' | ' | ' | ' | ' | ' | ' | ' | 45,555,000 | 0 | 77,964,000 | |
Fair value of liabilities assumed, at the acquisition date | ' | ' | ' | ' | ' | ' | ' | ' | 91,570,000 | 171,582,000 | 321,734,000 | |
Fair value of reimbursable losses, at the acquisition date | 100,313,000 | 238,305,000 | 100,313,000 | 238,305,000 | 137,681,000 | 208,160,000 | 222,568,000 | 344,251,000 | 13,164,000 | 0 | [1] | 67,190,000 |
Gain on bargain purchase recognized | 0 | 6,633,000 | 0 | 7,418,000 | ' | ' | ' | ' | 785,000 | 43,000 | 6,675,000 | |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets Subject to Loss Sharing | ' | ' | ' | ' | ' | ' | ' | ' | ' | $0 | ' | |
[1] | As no assets subject to loss sharing agreements were acquired in the acquisition of Second Federal, there was no fair value of reimbursable losses. |
Business_Combinations_Summary_
Business Combinations (Summary Of FDIC Indemnification Asset) (Detail) (USD $) | 3 Months Ended | 9 Months Ended | |||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Mar. 31, 2012 |
FDIC Indemnification Asset [Roll Forward] | ' | ' | ' | ' | ' |
Balance at beginning of period | $137,681 | ' | $208,160 | $344,251 | $222,568 |
Additions from acquisitions | 0 | 65,100 | 0 | 78,264 | ' |
Additions from reimbursable expenses | 3,062 | 5,669 | 10,922 | 18,646 | ' |
Amortization | -1,763 | -1,139 | -5,884 | -3,919 | ' |
Changes in expected reimbursements from the FDIC for changes in expected credit losses | -12,742 | -16,579 | -65,477 | -46,343 | ' |
Payments received from the FDIC | -25,925 | -37,314 | -47,408 | -152,594 | ' |
Balance at end of period | $100,313 | $238,305 | $100,313 | $238,305 | $222,568 |
Business_Combinations_All_Othe
Business Combinations (All Other Acquisitions) (Detail) (USD $) | 9 Months Ended | 21 Months Ended | 24 Months Ended | 0 Months Ended | ||||||||
Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2011 | Jul. 20, 2012 | 1-May-13 | Dec. 12, 2012 | Apr. 13, 2012 | Mar. 30, 2012 | Jun. 08, 2012 | 1-May-13 | 1-May-13 | Feb. 01, 2013 | |
financial_institution | financial_institution | Second Federal [Member] | First Lansing Bancorp, Inc. [Member] | HPK Financial Corporation [Member] | Suburban Bank & Trust Company [Member] | Suburban Bank & Trust Company [Member] | Macquarie Premium Funding Inc [Member] | Chicago, Illinois [Member] | Northwest Indiana [Member] | Second Federal [Member] | ||
locations | First Lansing Bancorp, Inc. [Member] | First Lansing Bancorp, Inc. [Member] | ||||||||||
locations | locations | |||||||||||
Business Acquisition [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of FDIC assisted banks acquired | ' | 3 | 6 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
FDIC loss sharing percentage on purchased loans, OREO, and certain other assets | 80.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Divestiture of businesses, deposits disposed | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $149,000,000 |
Effective date of acquisition | ' | ' | ' | 20-Jul-12 | 1-May-13 | 12-Dec-12 | 13-Apr-12 | 30-Mar-12 | 8-Jun-12 | ' | ' | ' |
Number of locations | ' | ' | ' | ' | ' | 2 | ' | ' | ' | 7 | 1 | ' |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets | ' | ' | ' | 171,625,000 | 373,400,000 | 371,600,000 | ' | ' | ' | ' | ' | ' |
Business acquisition, loans acquired | ' | ' | ' | 0 | 123,000,000 | 118,500,000 | 3,000,000 | ' | 213,000,000 | ' | ' | ' |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities | ' | ' | ' | 171,582,000 | 334,700,000 | 344,100,000 | ' | ' | ' | ' | ' | ' |
Assumed deposits | ' | ' | ' | ' | 331,400,000 | 243,800,000 | 52,000,000 | ' | ' | ' | ' | ' |
Additional goodwill recorded on acquisition | 13,960,000 | ' | ' | ' | 14,000,000 | 12,600,000 | 1,500,000 | 1,800,000 | 21,900,000 | ' | ' | ' |
Assets under administration | ' | ' | ' | ' | ' | ' | ' | $160,000,000 | ' | ' | ' | ' |
AvailableForSale_Securities_Sc
Available-For-Sale Securities (Schedule Of Available-For-Sale Securities Reconciliation) (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | |||
In Thousands, unless otherwise specified | ||||||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | |||
Amortized cost | $1,852,585 | $1,785,113 | $1,243,376 | |||
Gross unrealized gains | 12,436 | 20,556 | 24,195 | |||
Gross unrealized losses | -83,138 | -9,593 | -10,803 | |||
Available-for-sale securities, at fair value | 1,781,883 | 1,796,076 | 1,256,768 | |||
US Treasury [Member] | ' | ' | ' | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | |||
Amortized cost | 225,190 | 220,226 | 25,045 | |||
Gross unrealized gains | 150 | 198 | 211 | |||
Gross unrealized losses | -14,438 | -937 | 0 | |||
Available-for-sale securities, at fair value | 210,902 | 219,487 | 25,256 | |||
U.S. Government Agencies [Member] | ' | ' | ' | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | |||
Amortized cost | 954,050 | 986,186 | 626,725 | |||
Gross unrealized gains | 2,213 | 4,839 | 3,833 | |||
Gross unrealized losses | -43,574 | -986 | -2,374 | |||
Available-for-sale securities, at fair value | 912,689 | 990,039 | 628,184 | |||
Municipal [Member] | ' | ' | ' | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | |||
Amortized cost | 152,010 | 107,868 | 96,696 | |||
Gross unrealized gains | 1,983 | 2,899 | 2,711 | |||
Gross unrealized losses | -3,346 | -296 | -23 | |||
Available-for-sale securities, at fair value | 150,647 | 110,471 | 99,384 | |||
Corporate Notes and Other, Financial Issuers [Member] | ' | ' | ' | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | |||
Amortized cost | 132,320 | 142,205 | 142,158 | |||
Gross unrealized gains | 2,252 | 2,452 | 2,550 | |||
Gross unrealized losses | -2,513 | -3,982 | -5,170 | |||
Available-for-sale securities, at fair value | 132,059 | 140,675 | 139,538 | |||
Corporate Notes and Other, Other [Member] | ' | ' | ' | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | |||
Amortized cost | 7,011 | 13,911 | 17,200 | |||
Gross unrealized gains | 126 | 220 | 251 | |||
Gross unrealized losses | -15 | 0 | 0 | |||
Available-for-sale securities, at fair value | 7,122 | 14,131 | 17,451 | |||
Mortgage-Backed Securities [Member] | ' | ' | ' | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | |||
Amortized cost | 268,166 | [1] | 188,485 | [1] | 225,393 | [1] |
Gross unrealized gains | 4,157 | [1] | 8,805 | [1] | 13,733 | [1] |
Gross unrealized losses | -12,861 | [1] | -30 | [1] | 0 | [1] |
Available-for-sale securities, at fair value | 259,462 | [1] | 197,260 | [1] | 239,126 | [1] |
Mortgage-Backed, Collateralized Mortgage Obligations [Member] | ' | ' | ' | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | |||
Amortized cost | 60,001 | [1] | 73,386 | [1] | 66,422 | [1] |
Gross unrealized gains | 458 | [1] | 928 | [1] | 690 | [1] |
Gross unrealized losses | -728 | [1] | 0 | [1] | 0 | [1] |
Available-for-sale securities, at fair value | 59,731 | [1] | 74,314 | [1] | 67,112 | [1] |
Other Equity Securities [Member] | ' | ' | ' | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | |||
Amortized cost | 53,837 | 52,846 | 43,737 | |||
Gross unrealized gains | 1,097 | 215 | 216 | |||
Gross unrealized losses | -5,663 | -3,362 | -3,236 | |||
Available-for-sale securities, at fair value | $49,271 | $49,699 | $40,717 | |||
[1] | Consisting entirely of residential mortgage-backed securities, none of which are subprime. |
AvailableForSale_Securities_Av
Available-For-Sale Securities (Available-For-Sale Securities, Continuous Unrealized Loss Position, Fair Value) (Detail) (USD $) | Sep. 30, 2013 |
In Thousands, unless otherwise specified | |
Schedule of Available-for-sale Securities [Line Items] | ' |
Continuous unrealized losses existing for less than 12 months, Fair value | $917,850 |
Continuous unrealized losses existing for less than 12 months, Unrealized losses | -69,372 |
Continuous unrealized losses existing for greater than 12 months, Fair value | 144,947 |
Continuous unrealized losses existing for greater than 12 months, Unrealized losses | -13,766 |
Total, Fair value | 1,062,797 |
Total, Unrealized losses | -83,138 |
US Treasury [Member] | ' |
Schedule of Available-for-sale Securities [Line Items] | ' |
Continuous unrealized losses existing for less than 12 months, Fair value | 185,734 |
Continuous unrealized losses existing for less than 12 months, Unrealized losses | -14,438 |
Continuous unrealized losses existing for greater than 12 months, Fair value | 0 |
Continuous unrealized losses existing for greater than 12 months, Unrealized losses | 0 |
Total, Fair value | 185,734 |
Total, Unrealized losses | -14,438 |
U.S. Government Agencies [Member] | ' |
Schedule of Available-for-sale Securities [Line Items] | ' |
Continuous unrealized losses existing for less than 12 months, Fair value | 413,113 |
Continuous unrealized losses existing for less than 12 months, Unrealized losses | -37,142 |
Continuous unrealized losses existing for greater than 12 months, Fair value | 60,240 |
Continuous unrealized losses existing for greater than 12 months, Unrealized losses | -6,432 |
Total, Fair value | 473,353 |
Total, Unrealized losses | -43,574 |
Municipal [Member] | ' |
Schedule of Available-for-sale Securities [Line Items] | ' |
Continuous unrealized losses existing for less than 12 months, Fair value | 78,209 |
Continuous unrealized losses existing for less than 12 months, Unrealized losses | -3,342 |
Continuous unrealized losses existing for greater than 12 months, Fair value | 696 |
Continuous unrealized losses existing for greater than 12 months, Unrealized losses | -4 |
Total, Fair value | 78,905 |
Total, Unrealized losses | -3,346 |
Corporate Notes and Other, Financial Issuers [Member] | ' |
Schedule of Available-for-sale Securities [Line Items] | ' |
Continuous unrealized losses existing for less than 12 months, Fair value | 16,530 |
Continuous unrealized losses existing for less than 12 months, Unrealized losses | -232 |
Continuous unrealized losses existing for greater than 12 months, Fair value | 63,661 |
Continuous unrealized losses existing for greater than 12 months, Unrealized losses | -2,281 |
Total, Fair value | 80,191 |
Total, Unrealized losses | -2,513 |
Corporate Notes and Other, Other [Member] | ' |
Schedule of Available-for-sale Securities [Line Items] | ' |
Continuous unrealized losses existing for less than 12 months, Fair value | 985 |
Continuous unrealized losses existing for less than 12 months, Unrealized losses | -15 |
Continuous unrealized losses existing for greater than 12 months, Fair value | 0 |
Continuous unrealized losses existing for greater than 12 months, Unrealized losses | 0 |
Total, Fair value | 985 |
Total, Unrealized losses | -15 |
Mortgage-Backed Securities [Member] | ' |
Schedule of Available-for-sale Securities [Line Items] | ' |
Continuous unrealized losses existing for less than 12 months, Fair value | 175,261 |
Continuous unrealized losses existing for less than 12 months, Unrealized losses | -12,861 |
Continuous unrealized losses existing for greater than 12 months, Fair value | 0 |
Continuous unrealized losses existing for greater than 12 months, Unrealized losses | 0 |
Total, Fair value | 175,261 |
Total, Unrealized losses | -12,861 |
Mortgage-Backed, Collateralized Mortgage Obligations [Member] | ' |
Schedule of Available-for-sale Securities [Line Items] | ' |
Continuous unrealized losses existing for less than 12 months, Fair value | 33,511 |
Continuous unrealized losses existing for less than 12 months, Unrealized losses | -728 |
Continuous unrealized losses existing for greater than 12 months, Fair value | 0 |
Continuous unrealized losses existing for greater than 12 months, Unrealized losses | 0 |
Total, Fair value | 33,511 |
Total, Unrealized losses | -728 |
Other Equity Securities [Member] | ' |
Schedule of Available-for-sale Securities [Line Items] | ' |
Continuous unrealized losses existing for less than 12 months, Fair value | 14,507 |
Continuous unrealized losses existing for less than 12 months, Unrealized losses | -614 |
Continuous unrealized losses existing for greater than 12 months, Fair value | 20,350 |
Continuous unrealized losses existing for greater than 12 months, Unrealized losses | -5,049 |
Total, Fair value | 34,857 |
Total, Unrealized losses | ($5,663) |
AvailableForSale_Securities_Sc1
Available-For-Sale Securities (Schedule Of Realized Gain (Loss)) (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Available-for-sale Securities [Abstract] | ' | ' | ' | ' |
Realized gains | $118 | $413 | $434 | $2,350 |
Realized losses | -43 | -4 | -106 | -16 |
Net realized gains | 75 | 409 | 328 | 2,334 |
Other than temporary impairment charges | 0 | 0 | 0 | 0 |
Gains on available- for-sale securities, net | 75 | 409 | 328 | 2,334 |
Proceeds from sales of available-for-sale securities | $45,078 | $694,608 | $129,537 | $2,059,154 |
AvailableForSale_Securities_In
Available-For-Sale Securities (Investments Classified by Contractual Maturity Date) (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 |
In Thousands, unless otherwise specified | |||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Due in one year or less, Amortized Cost | $285,746 | $188,594 | $83,658 |
Due in one to five years, Amortized Cost | 316,076 | 419,588 | 471,863 |
Due in five to ten years, Amortized Cost | 344,742 | 361,037 | 135,580 |
Due after ten years, Amortized Cost | 524,017 | 501,177 | 216,723 |
Total available-for-sale securities, Amortized Cost | 1,852,585 | 1,785,113 | 1,243,376 |
Due in one year or less, Fair Value | 286,066 | 189,015 | 83,863 |
Due in one to five years, Fair Value | 316,474 | 419,654 | 471,747 |
Due in five to ten years, Fair Value | 328,895 | 362,135 | 137,116 |
Due after ten years, Fair Value | 481,984 | 503,999 | 217,087 |
Available-for-sale securities, at fair value | 1,781,883 | 1,796,076 | 1,256,768 |
Asset-backed Securities [Member] | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Total available-for-sale securities, Amortized Cost | 328,167 | 261,871 | 291,815 |
Available-for-sale securities, at fair value | 319,193 | 271,574 | 306,238 |
Other Equity Securities [Member] | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Total available-for-sale securities, Amortized Cost | 53,837 | 52,846 | 43,737 |
Available-for-sale securities, at fair value | $49,271 | $49,699 | $40,717 |
AvailableForSale_Securities_Na
Available-For-Sale Securities (Narrative) (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 |
In Billions, unless otherwise specified | securities | ||
bonds | |||
Available-for-sale Securities [Abstract] | ' | ' | ' |
Number of bonds in a continuous unrealized loss position, twelve months or longer | 6 | ' | ' |
Number of trust preferred securities in a continuous unrealized loss position, twelve months or longer | 3 | ' | ' |
Securities, carrying value | $1.20 | $1.10 | $1.10 |
Number of securities by a single non-goverment sponsored issuer exceeding 10% of shareholders' equity | 0 | ' | ' |
Loans_Summary_Of_Loan_Portfoli
Loans (Summary Of Loan Portfolio) (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 |
In Thousands, unless otherwise specified | |||
Loans [Line Items] | ' | ' | ' |
Loans, net of unearned income, excluding covered loans | $12,581,039 | $11,828,943 | $11,489,900 |
Covered loans | 415,988 | 560,087 | 657,525 |
Total loans | 12,997,027 | 12,389,030 | 12,147,425 |
Total loans, percentage | 97.00% | 96.00% | 95.00% |
Covered loans, percentage | 3.00% | 4.00% | 5.00% |
Percentage of Loans Net of Unearned Income Including Covered Loans | 100.00% | 100.00% | 100.00% |
Commercial | ' | ' | ' |
Loans [Line Items] | ' | ' | ' |
Loans, net of unearned income, excluding covered loans | 3,109,121 | 2,914,798 | 2,771,053 |
Total loans, percentage | 24.00% | 24.00% | 23.00% |
Commercial real-estate | ' | ' | ' |
Loans [Line Items] | ' | ' | ' |
Loans, net of unearned income, excluding covered loans | 4,146,110 | 3,864,118 | 3,699,712 |
Total loans, percentage | 32.00% | 31.00% | 30.00% |
Home equity | ' | ' | ' |
Loans [Line Items] | ' | ' | ' |
Loans, net of unearned income, excluding covered loans | 736,620 | 788,474 | 807,592 |
Total loans, percentage | 6.00% | 6.00% | 7.00% |
Residential real-estate | ' | ' | ' |
Loans [Line Items] | ' | ' | ' |
Loans, net of unearned income, excluding covered loans | 397,707 | 367,213 | 376,678 |
Total loans, percentage | 3.00% | 3.00% | 3.00% |
Premium finance receivables | Commercial insurance loans | ' | ' | ' |
Loans [Line Items] | ' | ' | ' |
Loans, net of unearned income, excluding covered loans | 2,150,481 | 1,987,856 | 1,982,945 |
Total loans, percentage | 16.00% | 16.00% | 16.00% |
Premium finance receivables | Premium Finance Receivables Life Insurance [Member] | ' | ' | ' |
Loans [Line Items] | ' | ' | ' |
Loans, net of unearned income, excluding covered loans | 1,869,739 | 1,725,166 | 1,665,620 |
Total loans, percentage | 14.00% | 14.00% | 14.00% |
Indirect consumer | ' | ' | ' |
Loans [Line Items] | ' | ' | ' |
Loans, net of unearned income, excluding covered loans | 57,236 | 77,333 | 77,378 |
Total loans, percentage | 1.00% | 1.00% | 1.00% |
Consumer and other | ' | ' | ' |
Loans [Line Items] | ' | ' | ' |
Loans, net of unearned income, excluding covered loans | $114,025 | $103,985 | $108,922 |
Total loans, percentage | 1.00% | 1.00% | 1.00% |
Loans_Unpaid_Principal_Balance
Loans (Unpaid Principal Balance And Carrying Value Of Acquired Loans) (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Bank Acquisitions [Member] | ' | ' |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | ' | ' |
Unpaid Principal Balance | $496,355 | $674,868 |
Carrying Value | 380,733 | 503,837 |
Life Insurance Premium Finance Acquisition [Member] | ' | ' |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | ' | ' |
Unpaid Principal Balance | 475,711 | 536,503 |
Carrying Value | $459,883 | $514,459 |
Loans_Loans_Acquired_with_Evid
Loans Loans Acquired with Evidence of Deterioration (Detail) (USD $) | Sep. 30, 2013 | 1-May-13 | |
First Lansing Bancorp, Inc. [Member] | |||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | ' | ' | |
Certain Loans Acquired In Transfer Not Accounted fo as Debt Securities, Accretable Yield, To Be Amortized To Indem Asset | $40,500,000 | ' | |
Contractually required payments including interest | ' | 32,022,000 | |
Less: Nonaccretable difference | ' | 8,890,000 | |
Cash flows expected to be collected | ' | 23,132,000 | [1] |
Less: Accretable yield | ' | 2,055,000 | |
Fair value of loans acquired with evidence of credit quality deterioration since origination | ' | $21,077,000 | |
[1] | Represents undiscounted expected principal and interest cash flows at acquisition. |
Loans_Activity_Related_To_Accr
Loans (Activity Related To Accretable Yield Of Loans Acquired With Evidence Of Credit Quality Deterioration Since Origination) (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||||||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | ||||
Bank Acquisitions [Member] | ' | ' | ' | ' | ||||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement Schedule [Roll Forward] | ' | ' | ' | ' | ||||
Accretable yield, beginning balance | $130,856 | $171,801 | $143,224 | $173,120 | ||||
Acquisitions | 0 | 6,052 | 1,977 | 8,340 | ||||
Accretable yield amortized to interest income | -9,056 | -12,266 | -27,980 | -40,545 | ||||
Accretable yield amortized to indemnification asset | -8,279 | [1] | -16,472 | [1] | -28,891 | [1] | -55,912 | [1] |
Reclassification from non-accretable difference | 8,703 | [2] | 4,636 | [2] | 44,907 | [2] | 53,827 | [2] |
(Decreases) increases in interest cash flows due to payments and changes in interest rates | -5,194 | -1,951 | -16,207 | 12,970 | ||||
Accretable yield, ending balance | 117,030 | [3] | 151,800 | [3] | 117,030 | [3] | 151,800 | [3] |
Life Insurance Premium Finance Loans [Member] | ' | ' | ' | ' | ||||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement Schedule [Roll Forward] | ' | ' | ' | ' | ||||
Accretable yield, beginning balance | 10,287 | 14,626 | 13,055 | 18,861 | ||||
Acquisitions | 0 | 0 | 0 | 0 | ||||
Accretable yield amortized to interest income | -1,943 | -2,309 | -6,216 | -8,795 | ||||
Accretable yield amortized to indemnification asset | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] |
Reclassification from non-accretable difference | 234 | [2] | 2,951 | [2] | 1,241 | [2] | 4,096 | [2] |
(Decreases) increases in interest cash flows due to payments and changes in interest rates | 235 | 158 | 733 | 1,264 | ||||
Accretable yield, ending balance | $8,813 | [3] | $15,426 | [3] | $8,813 | [3] | $15,426 | [3] |
[1] | Represents the portion of the current period accreted yield, resulting from lower expected losses, applied to reduce the loss share indemnification asset. | |||||||
[2] | Reclassification is the result of subsequent increases in expected principal cash flows. | |||||||
[3] | As of September 30, 2013, the Company estimates that the remaining accretable yield balance to be amortized to the indemnification asset for the bank acquisitions is $40.5 million. The remainder of the accretable yield related to bank acquisitions is expected to be amortized to interest income. |
Loans_Narrative_Detail
Loans (Narrative) (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 |
In Millions, unless otherwise specified | |||
Loans and Leases Receivable Disclosure [Abstract] | ' | ' | ' |
Deferred Discounts, Finance Charges and Interest Included in Receivables | $40.60 | $41.10 | $39.50 |
Loans and Leases Receivable, Deferred Income | ($1.50) | $13.20 | $14.30 |
Allowance_for_Loan_Losses_Allo2
Allowance for Loan Losses, Allowance for Losses on Lending-Related Commitments and Impaired Loans (Schedule Of Aging Of The Company's Loan Portfolio) (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | |||
In Thousands, unless otherwise specified | ||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' | |||
Nonaccrual | $115,841 | $109,742 | $113,053 | |||
90+ days and still accruing | 107,799 | 133,990 | 136,570 | |||
60-89 days past due | 42,801 | 58,964 | 56,697 | |||
30-59 days past due | 91,992 | 105,459 | 106,752 | |||
Current | 12,638,594 | 11,980,875 | 11,734,353 | |||
Loans, net of unearned income, excluding covered loans | 12,581,039 | 11,828,943 | 11,489,900 | |||
Nonaccrual | 107,239 | 107,754 | 112,143 | |||
90+ days and still accruing | 26,369 | 11,640 | 7,313 | |||
60-89 days past due | 32,988 | 42,856 | 50,176 | |||
30-59 days past due | 82,776 | 97,460 | 92,181 | |||
Current | 12,331,667 | 11,569,233 | 11,228,087 | |||
Covered loans, Nonaccrual | 8,602 | 1,988 | 910 | |||
Covered loans, 90 plus days and still accruing | 81,430 | 122,350 | 129,257 | |||
Covered loans, 60-89 days past due | 9,813 | 16,108 | 6,521 | |||
Covered loans, 30-59 days past due | 9,216 | 7,999 | 14,571 | |||
Covered loans, Current | 306,927 | 411,642 | 506,266 | |||
Covered loans | 415,988 | 560,087 | 657,525 | |||
Total loans | 12,997,027 | 12,389,030 | 12,147,425 | |||
Commercial | ' | ' | ' | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' | |||
Nonaccrual | 17,647 | 21,737 | 17,711 | |||
90+ days and still accruing | 455 | 496 | 499 | |||
60-89 days past due | 4,391 | 7,226 | 7,196 | |||
30-59 days past due | 20,829 | 22,935 | 22,337 | |||
Current | 3,065,799 | 2,862,404 | 2,723,310 | |||
Loans, net of unearned income, excluding covered loans | 3,109,121 | 2,914,798 | 2,771,053 | |||
Commercial | Commercial and industrial | ' | ' | ' | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' | |||
Nonaccrual | 15,283 | 19,409 | 15,163 | |||
90+ days and still accruing | 190 | 0 | 0 | |||
60-89 days past due | 3,585 | 5,520 | 5,985 | |||
30-59 days past due | 15,261 | 15,410 | 16,631 | |||
Current | 1,688,232 | 1,587,864 | 1,518,596 | |||
Loans, net of unearned income, excluding covered loans | 1,722,551 | 1,628,203 | 1,556,375 | |||
Commercial | Franchise | ' | ' | ' | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' | |||
Nonaccrual | 0 | 1,792 | 1,792 | |||
90+ days and still accruing | 0 | 0 | 0 | |||
60-89 days past due | 113 | 0 | 0 | |||
30-59 days past due | 0 | 0 | 0 | |||
Current | 213,215 | 194,603 | 177,914 | |||
Loans, net of unearned income, excluding covered loans | 213,328 | 196,395 | 179,706 | |||
Commercial | Mortgage warehouse line of credit | ' | ' | ' | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' | |||
Nonaccrual | 0 | 0 | 0 | |||
90+ days and still accruing | 0 | 0 | 0 | |||
60-89 days past due | 0 | 0 | 0 | |||
30-59 days past due | 0 | 0 | 0 | |||
Current | 71,383 | 215,076 | 225,295 | |||
Loans, net of unearned income, excluding covered loans | 71,383 | 215,076 | 225,295 | |||
Commercial | Community Advantage - homeowners association | ' | ' | ' | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' | |||
Nonaccrual | 0 | 0 | 0 | |||
90+ days and still accruing | 0 | 0 | 0 | |||
60-89 days past due | 0 | 0 | 0 | |||
30-59 days past due | 0 | 0 | 0 | |||
Current | 90,504 | 81,496 | 73,881 | |||
Loans, net of unearned income, excluding covered loans | 90,504 | 81,496 | 73,881 | |||
Commercial | Aircraft | ' | ' | ' | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' | |||
Nonaccrual | 0 | 0 | 428 | |||
90+ days and still accruing | 0 | 0 | 0 | |||
60-89 days past due | 0 | 148 | 0 | |||
30-59 days past due | 0 | 0 | 150 | |||
Current | 12,601 | 17,216 | 20,866 | |||
Loans, net of unearned income, excluding covered loans | 12,601 | 17,364 | 21,444 | |||
Commercial | Asset-based lending | ' | ' | ' | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' | |||
Nonaccrual | 2,364 | 536 | 328 | |||
90+ days and still accruing | 0 | 0 | 0 | |||
60-89 days past due | 693 | 1,126 | 1,211 | |||
30-59 days past due | 3,926 | 6,622 | 5,556 | |||
Current | 732,585 | 564,154 | 525,966 | |||
Loans, net of unearned income, excluding covered loans | 739,568 | 572,438 | 533,061 | |||
Commercial | Tax exempt | ' | ' | ' | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' | |||
Nonaccrual | 0 | 0 | 0 | |||
90+ days and still accruing | 0 | 0 | 0 | |||
60-89 days past due | 0 | 0 | 0 | |||
30-59 days past due | 0 | 0 | 0 | |||
Current | 148,103 | 91,824 | 90,404 | |||
Loans, net of unearned income, excluding covered loans | 148,103 | 91,824 | 90,404 | |||
Commercial | Leases | ' | ' | ' | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' | |||
Nonaccrual | 0 | 0 | 0 | |||
90+ days and still accruing | 0 | 0 | 0 | |||
60-89 days past due | 0 | 0 | 0 | |||
30-59 days past due | 0 | 896 | 0 | |||
Current | 101,654 | 89,547 | 83,351 | |||
Loans, net of unearned income, excluding covered loans | 101,654 | 90,443 | 83,351 | |||
Commercial | Other | ' | ' | ' | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' | |||
Nonaccrual | 0 | 0 | 0 | |||
90+ days and still accruing | 0 | 0 | 0 | |||
60-89 days past due | 0 | 0 | 0 | |||
30-59 days past due | 0 | 0 | 0 | |||
Current | 90 | 16,549 | 1,576 | |||
Loans, net of unearned income, excluding covered loans | 90 | 16,549 | 1,576 | |||
Commercial | Purchased non-covered commercial | ' | ' | ' | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' | |||
Nonaccrual | 0 | [1] | 0 | [1] | 0 | [1] |
90+ days and still accruing | 265 | [1] | 496 | [1] | 499 | [1] |
60-89 days past due | 0 | [1] | 432 | [1] | 0 | [1] |
30-59 days past due | 1,642 | [1] | 7 | [1] | 0 | [1] |
Current | 7,432 | [1] | 4,075 | [1] | 5,461 | [1] |
Loans, net of unearned income, excluding covered loans | 9,339 | [1],[2] | 5,010 | [1],[2] | 5,960 | [1],[2] |
Commercial real-estate | ' | ' | ' | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' | |||
Nonaccrual | 52,723 | 49,973 | 58,461 | |||
90+ days and still accruing | 12,996 | 749 | 1,066 | |||
60-89 days past due | 11,972 | 24,096 | 27,410 | |||
30-59 days past due | 37,859 | 35,128 | 46,003 | |||
Current | 4,030,560 | 3,754,172 | 3,566,772 | |||
Loans, net of unearned income, excluding covered loans | 4,146,110 | 3,864,118 | 3,699,712 | |||
Commercial real-estate | Residential construction | ' | ' | ' | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' | |||
Nonaccrual | 2,049 | 3,110 | 2,141 | |||
90+ days and still accruing | 3,120 | 0 | 0 | |||
60-89 days past due | 1,595 | 4 | 3,008 | |||
30-59 days past due | 261 | 41 | 0 | |||
Current | 33,305 | 37,246 | 39,106 | |||
Loans, net of unearned income, excluding covered loans | 40,330 | 40,401 | 44,255 | |||
Commercial real-estate | Commercial construction | ' | ' | ' | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' | |||
Nonaccrual | 7,854 | 2,159 | 3,315 | |||
90+ days and still accruing | 0 | 0 | 0 | |||
60-89 days past due | 0 | 885 | 163 | |||
30-59 days past due | 0 | 386 | 13,072 | |||
Current | 138,234 | 167,525 | 152,993 | |||
Loans, net of unearned income, excluding covered loans | 146,088 | 170,955 | 169,543 | |||
Commercial real-estate | Land | ' | ' | ' | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' | |||
Nonaccrual | 4,216 | 11,299 | 10,629 | |||
90+ days and still accruing | 0 | 0 | 0 | |||
60-89 days past due | 0 | 632 | 3,033 | |||
30-59 days past due | 4,082 | 9,014 | 3,017 | |||
Current | 100,953 | 113,252 | 116,807 | |||
Loans, net of unearned income, excluding covered loans | 109,251 | 134,197 | 133,486 | |||
Commercial real-estate | Office | ' | ' | ' | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' | |||
Nonaccrual | 4,318 | 4,196 | 6,185 | |||
90+ days and still accruing | 0 | 0 | 0 | |||
60-89 days past due | 3,965 | 1,889 | 5,717 | |||
30-59 days past due | 1,270 | 3,280 | 7,237 | |||
Current | 624,967 | 560,346 | 565,182 | |||
Loans, net of unearned income, excluding covered loans | 634,520 | 569,711 | 584,321 | |||
Commercial real-estate | Industrial | ' | ' | ' | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' | |||
Nonaccrual | 8,184 | 2,089 | 1,885 | |||
90+ days and still accruing | 0 | 0 | 0 | |||
60-89 days past due | 0 | 6,042 | 645 | |||
30-59 days past due | 2,419 | 4,512 | 1,681 | |||
Current | 614,409 | 565,294 | 570,114 | |||
Loans, net of unearned income, excluding covered loans | 625,012 | 577,937 | 574,325 | |||
Commercial real-estate | Retail | ' | ' | ' | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' | |||
Nonaccrual | 11,259 | 7,792 | 10,133 | |||
90+ days and still accruing | 0 | 0 | 0 | |||
60-89 days past due | 271 | 1,372 | 1,853 | |||
30-59 days past due | 7,422 | 998 | 5,617 | |||
Current | 593,263 | 558,734 | 543,066 | |||
Loans, net of unearned income, excluding covered loans | 612,215 | 568,896 | 560,669 | |||
Commercial real-estate | Multi-family | ' | ' | ' | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' | |||
Nonaccrual | 2,603 | 2,586 | 3,314 | |||
90+ days and still accruing | 0 | 0 | 0 | |||
60-89 days past due | 0 | 3,949 | 3,062 | |||
30-59 days past due | 4,332 | 1,040 | 0 | |||
Current | 543,690 | 389,116 | 357,047 | |||
Loans, net of unearned income, excluding covered loans | 550,625 | 396,691 | 363,423 | |||
Commercial real-estate | Mixed use and other | ' | ' | ' | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' | |||
Nonaccrual | 12,240 | 16,742 | 20,859 | |||
90+ days and still accruing | 269 | 0 | 0 | |||
60-89 days past due | 2,761 | 6,660 | 9,779 | |||
30-59 days past due | 15,371 | 13,349 | 14,990 | |||
Current | 1,339,029 | 1,312,503 | 1,175,222 | |||
Loans, net of unearned income, excluding covered loans | 1,369,670 | 1,349,254 | 1,220,850 | |||
Commercial real-estate | Purchased non-covered commercial real-estate | ' | ' | ' | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' | |||
Nonaccrual | 0 | [1] | 0 | [1] | 0 | [1] |
90+ days and still accruing | 9,607 | [1] | 749 | [1] | 1,066 | [1] |
60-89 days past due | 3,380 | [1] | 2,663 | [1] | 150 | [1] |
30-59 days past due | 2,702 | [1] | 2,508 | [1] | 389 | [1] |
Current | 42,710 | [1] | 50,156 | [1] | 47,235 | [1] |
Loans, net of unearned income, excluding covered loans | 58,399 | [1],[2] | 56,076 | [1],[2] | 48,840 | [1],[2] |
Home equity | ' | ' | ' | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' | |||
Nonaccrual | 10,926 | 13,423 | 11,504 | |||
90+ days and still accruing | 0 | 100 | 0 | |||
60-89 days past due | 2,436 | 1,592 | 5,905 | |||
30-59 days past due | 5,887 | 5,043 | 5,642 | |||
Current | 717,371 | 768,316 | 784,541 | |||
Loans, net of unearned income, excluding covered loans | 736,620 | 788,474 | 807,592 | |||
Residential real-estate | ' | ' | ' | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 397,707 | 367,213 | 376,678 | |||
Residential real-estate | Residential real estate | ' | ' | ' | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' | |||
Nonaccrual | 14,126 | 11,728 | 15,393 | |||
90+ days and still accruing | 0 | 0 | 0 | |||
60-89 days past due | 1,749 | 2,763 | 3,281 | |||
30-59 days past due | 2,844 | 8,250 | 2,637 | |||
Current | 377,489 | 343,616 | 354,711 | |||
Loans, net of unearned income, excluding covered loans | 396,208 | 366,357 | 376,022 | |||
Residential real-estate | Purchased non-covered residential real estate | ' | ' | ' | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' | |||
Nonaccrual | 0 | [1] | 0 | [1] | 0 | [1] |
90+ days and still accruing | 447 | [1] | 0 | [1] | 0 | [1] |
60-89 days past due | 289 | [1] | 200 | [1] | 0 | [1] |
30-59 days past due | 34 | [1] | 0 | [1] | 0 | [1] |
Current | 729 | [1] | 656 | [1] | 656 | [1] |
Loans, net of unearned income, excluding covered loans | 1,499 | [1],[2] | 856 | [1],[2] | 656 | [1],[2] |
Premium finance receivables | Commercial insurance loans | ' | ' | ' | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' | |||
Nonaccrual | 10,132 | 9,302 | 7,488 | |||
90+ days and still accruing | 11,751 | 10,008 | 5,533 | |||
60-89 days past due | 5,307 | 6,729 | 5,881 | |||
30-59 days past due | 14,628 | 19,597 | 14,369 | |||
Current | 2,108,663 | 1,942,220 | 1,949,674 | |||
Loans, net of unearned income, excluding covered loans | 2,150,481 | 1,987,856 | 1,982,945 | |||
Premium finance receivables | Life insurance loans | ' | ' | ' | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' | |||
Nonaccrual | 14 | 25 | 29 | |||
90+ days and still accruing | 592 | 0 | 0 | |||
60-89 days past due | 6,428 | 0 | 0 | |||
30-59 days past due | 0 | 5,531 | 0 | |||
Current | 1,402,822 | 1,205,151 | 1,128,559 | |||
Loans, net of unearned income, excluding covered loans | 1,409,856 | 1,210,707 | 1,128,588 | |||
Premium finance receivables | Purchased life insurance loans | ' | ' | ' | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' | |||
Nonaccrual | 0 | [1] | 0 | [1] | 0 | [1] |
90+ days and still accruing | 0 | [1] | 0 | [1] | 0 | [1] |
60-89 days past due | 0 | [1] | 0 | [1] | 0 | [1] |
30-59 days past due | 0 | [1] | 0 | [1] | 0 | [1] |
Current | 459,883 | [1] | 514,459 | [1] | 537,032 | [1] |
Loans, net of unearned income, excluding covered loans | 459,883 | [1],[2] | 514,459 | [1],[2] | 537,032 | [1],[2] |
Indirect consumer | ' | ' | ' | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' | |||
Nonaccrual | 80 | 55 | 72 | |||
90+ days and still accruing | 100 | 189 | 215 | |||
60-89 days past due | 97 | 51 | 74 | |||
30-59 days past due | 231 | 442 | 344 | |||
Current | 56,728 | 76,596 | 76,673 | |||
Loans, net of unearned income, excluding covered loans | 57,236 | 77,333 | 77,378 | |||
Consumer and other | ' | ' | ' | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 114,025 | 103,985 | 108,922 | |||
Consumer and other | Consumer and other | ' | ' | ' | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' | |||
Nonaccrual | 1,591 | 1,511 | 1,485 | |||
90+ days and still accruing | 0 | 32 | 0 | |||
60-89 days past due | 319 | 167 | 429 | |||
30-59 days past due | 445 | 433 | 849 | |||
Current | 111,491 | 99,010 | 106,092 | |||
Loans, net of unearned income, excluding covered loans | 113,846 | 101,153 | 108,855 | |||
Consumer and other | Purchased non-covered consumer and other | ' | ' | ' | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' | |||
Nonaccrual | 0 | [1] | 0 | [1] | 0 | [1] |
90+ days and still accruing | 28 | [1] | 66 | [1] | 0 | [1] |
60-89 days past due | 0 | [1] | 32 | [1] | 0 | [1] |
30-59 days past due | 19 | [1] | 101 | [1] | 0 | [1] |
Current | 132 | [1] | 2,633 | [1] | 67 | [1] |
Loans, net of unearned income, excluding covered loans | $179 | [1],[2] | $2,832 | [1],[2] | $67 | [1],[2] |
[1] | Purchased loans represent loans acquired with evidence of credit quality deterioration since origination, in accordance with ASC 310-30. Loan agings are based upon contractually required payments. | |||||
[2] | Purchased loans represent loans acquired with evidence of credit quality deterioration since origination, in accordance with ASC 310-30. See Note 6 - Loans for further discussion of these purchased loans. |
Allowance_for_Loan_Losses_Allo3
Allowance for Loan Losses, Allowance for Losses on Lending-Related Commitments and Impaired Loans (Summary Of Recorded Investment Based On Performance Of Loans By Class) (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | |||
In Thousands, unless otherwise specified | ||||||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | $12,581,039 | $11,828,943 | $11,489,900 | |||
Performing Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 12,457,778 | 11,710,860 | 11,372,009 | |||
Nonperforming Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 123,261 | 118,083 | 117,891 | |||
Commercial | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 3,109,121 | 2,914,798 | 2,771,053 | |||
Commercial | Performing Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 3,091,284 | 2,893,061 | 2,753,342 | |||
Commercial | Nonperforming Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 17,837 | 21,737 | 17,711 | |||
Commercial | Commercial and industrial | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 1,722,551 | 1,628,203 | 1,556,375 | |||
Commercial | Commercial and industrial | Performing Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 1,707,078 | 1,608,794 | 1,541,212 | |||
Commercial | Commercial and industrial | Nonperforming Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 15,473 | 19,409 | 15,163 | |||
Commercial | Franchise | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 213,328 | 196,395 | 179,706 | |||
Commercial | Franchise | Performing Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 213,328 | 194,603 | 177,914 | |||
Commercial | Franchise | Nonperforming Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | ' | 1,792 | 1,792 | |||
Commercial | Mortgage warehouse line of credit | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 71,383 | 215,076 | 225,295 | |||
Commercial | Mortgage warehouse line of credit | Performing Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 71,383 | 215,076 | 225,295 | |||
Commercial | Mortgage warehouse line of credit | Nonperforming Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 0 | 0 | 0 | |||
Commercial | Community Advantage - homeowners association | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 90,504 | 81,496 | 73,881 | |||
Commercial | Community Advantage - homeowners association | Performing Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 90,504 | 81,496 | 73,881 | |||
Commercial | Community Advantage - homeowners association | Nonperforming Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 0 | 0 | 0 | |||
Commercial | Aircraft | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 12,601 | 17,364 | 21,444 | |||
Commercial | Aircraft | Performing Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 12,601 | 17,364 | 21,016 | |||
Commercial | Aircraft | Nonperforming Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 0 | 0 | 428 | |||
Commercial | Asset-based lending | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 739,568 | 572,438 | 533,061 | |||
Commercial | Asset-based lending | Performing Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 737,204 | 571,902 | 532,733 | |||
Commercial | Asset-based lending | Nonperforming Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 2,364 | 536 | 328 | |||
Commercial | Tax exempt | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 148,103 | 91,824 | 90,404 | |||
Commercial | Tax exempt | Performing Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 148,103 | 91,824 | 90,404 | |||
Commercial | Tax exempt | Nonperforming Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 0 | 0 | 0 | |||
Commercial | Leases | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 101,654 | 90,443 | 83,351 | |||
Commercial | Leases | Performing Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 101,654 | 90,443 | 83,351 | |||
Commercial | Leases | Nonperforming Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 0 | 0 | 0 | |||
Commercial | Other | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 90 | 16,549 | 1,576 | |||
Commercial | Other | Performing Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 90 | 16,549 | 1,576 | |||
Commercial | Other | Nonperforming Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 0 | 0 | 0 | |||
Commercial | Purchased non-covered commercial | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 9,339 | [1],[2] | 5,010 | [1],[2] | 5,960 | [1],[2] |
Commercial | Purchased non-covered commercial | Performing Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 9,339 | [2] | 5,010 | [2] | 5,960 | [2] |
Commercial | Purchased non-covered commercial | Nonperforming Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 0 | [2] | 0 | [2] | 0 | [2] |
Commercial real-estate | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 4,146,110 | 3,864,118 | 3,699,712 | |||
Commercial real-estate | Performing Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 4,089,998 | 3,814,145 | 3,641,251 | |||
Commercial real-estate | Nonperforming Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 56,112 | 49,973 | 58,461 | |||
Commercial real-estate | Residential construction | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 40,330 | 40,401 | 44,255 | |||
Commercial real-estate | Residential construction | Performing Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 35,161 | 37,291 | 42,114 | |||
Commercial real-estate | Residential construction | Nonperforming Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 5,169 | 3,110 | 2,141 | |||
Commercial real-estate | Commercial construction | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 146,088 | 170,955 | 169,543 | |||
Commercial real-estate | Commercial construction | Performing Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 138,234 | 168,796 | 166,228 | |||
Commercial real-estate | Commercial construction | Nonperforming Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 7,854 | 2,159 | 3,315 | |||
Commercial real-estate | Land | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 109,251 | 134,197 | 133,486 | |||
Commercial real-estate | Land | Performing Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 105,035 | 122,898 | 122,857 | |||
Commercial real-estate | Land | Nonperforming Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 4,216 | 11,299 | 10,629 | |||
Commercial real-estate | Office | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 634,520 | 569,711 | 584,321 | |||
Commercial real-estate | Office | Performing Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 630,202 | 565,515 | 578,136 | |||
Commercial real-estate | Office | Nonperforming Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 4,318 | 4,196 | 6,185 | |||
Commercial real-estate | Industrial | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 625,012 | 577,937 | 574,325 | |||
Commercial real-estate | Industrial | Performing Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 616,828 | 575,848 | 572,440 | |||
Commercial real-estate | Industrial | Nonperforming Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 8,184 | 2,089 | 1,885 | |||
Commercial real-estate | Retail | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 612,215 | 568,896 | 560,669 | |||
Commercial real-estate | Retail | Performing Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 600,956 | 561,104 | 550,536 | |||
Commercial real-estate | Retail | Nonperforming Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 11,259 | 7,792 | 10,133 | |||
Commercial real-estate | Multi-family | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 550,625 | 396,691 | 363,423 | |||
Commercial real-estate | Multi-family | Performing Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 548,022 | 394,105 | 360,109 | |||
Commercial real-estate | Multi-family | Nonperforming Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 2,603 | 2,586 | 3,314 | |||
Commercial real-estate | Mixed use and other | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 1,369,670 | 1,349,254 | 1,220,850 | |||
Commercial real-estate | Mixed use and other | Performing Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 1,357,161 | 1,332,512 | 1,199,991 | |||
Commercial real-estate | Mixed use and other | Nonperforming Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 12,509 | 16,742 | 20,859 | |||
Commercial real-estate | Purchased non-covered commercial real-estate | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 58,399 | [1],[2] | 56,076 | [1],[2] | 48,840 | [1],[2] |
Commercial real-estate | Purchased non-covered commercial real-estate | Performing Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 58,399 | [2] | 56,076 | [2] | 48,840 | [2] |
Commercial real-estate | Purchased non-covered commercial real-estate | Nonperforming Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 0 | [2] | 0 | [2] | 0 | [2] |
Home equity | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 736,620 | 788,474 | 807,592 | |||
Home equity | Performing Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 725,694 | 774,951 | 796,088 | |||
Home equity | Nonperforming Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 10,926 | 13,523 | 11,504 | |||
Residential real-estate | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 397,707 | 367,213 | 376,678 | |||
Residential real-estate | Residential real estate | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 396,208 | 366,357 | 376,022 | |||
Residential real-estate | Residential real estate | Performing Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 382,082 | 354,629 | 360,629 | |||
Residential real-estate | Residential real estate | Nonperforming Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 14,126 | 11,728 | 15,393 | |||
Residential real-estate | Purchased non-covered residential real estate | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 1,499 | [1],[2] | 856 | [1],[2] | 656 | [1],[2] |
Residential real-estate | Purchased non-covered residential real estate | Performing Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 1,499 | [2] | 856 | [2] | 656 | [2] |
Residential real-estate | Purchased non-covered residential real estate | Nonperforming Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 0 | [2] | 0 | [2] | 0 | [2] |
Premium finance receivables | Commercial insurance loans | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 2,150,481 | 1,987,856 | 1,982,945 | |||
Premium finance receivables | Commercial insurance loans | Performing Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 2,128,598 | 1,968,546 | 1,969,924 | |||
Premium finance receivables | Commercial insurance loans | Nonperforming Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 21,883 | 19,310 | 13,021 | |||
Premium finance receivables | Life insurance loans | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 1,409,856 | 1,210,707 | 1,128,588 | |||
Premium finance receivables | Life insurance loans | Performing Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 1,409,250 | 1,210,682 | 1,128,559 | |||
Premium finance receivables | Life insurance loans | Nonperforming Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 606 | 25 | 29 | |||
Premium finance receivables | Purchased life insurance loans | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 459,883 | [1],[2] | 514,459 | [1],[2] | 537,032 | [1],[2] |
Premium finance receivables | Purchased life insurance loans | Performing Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 459,883 | [2] | 514,459 | [2] | 537,032 | [2] |
Premium finance receivables | Purchased life insurance loans | Nonperforming Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 0 | [2] | 0 | [2] | 0 | [2] |
Indirect consumer | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 57,236 | 77,333 | 77,378 | |||
Indirect consumer | Performing Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 57,056 | 77,089 | 77,091 | |||
Indirect consumer | Nonperforming Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 180 | 244 | 287 | |||
Consumer and other | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 114,025 | 103,985 | 108,922 | |||
Consumer and other | Consumer and other | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 113,846 | 101,153 | 108,855 | |||
Consumer and other | Consumer and other | Performing Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 112,255 | 99,610 | 107,370 | |||
Consumer and other | Consumer and other | Nonperforming Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 1,591 | 1,543 | 1,485 | |||
Consumer and other | Purchased non-covered consumer and other | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 179 | [1],[2] | 2,832 | [1],[2] | 67 | [1],[2] |
Consumer and other | Purchased non-covered consumer and other | Performing Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | 179 | [2] | 2,832 | [2] | 67 | [2] |
Consumer and other | Purchased non-covered consumer and other | Nonperforming Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | |||
Loans, net of unearned income, excluding covered loans | $0 | [2] | $0 | [2] | $0 | [2] |
[1] | Purchased loans represent loans acquired with evidence of credit quality deterioration since origination, in accordance with ASC 310-30. Loan agings are based upon contractually required payments. | |||||
[2] | Purchased loans represent loans acquired with evidence of credit quality deterioration since origination, in accordance with ASC 310-30. See Note 6 - Loans for further discussion of these purchased loans. |
Allowance_for_Loan_Losses_Allo4
Allowance for Loan Losses, Allowance for Losses on Lending-Related Commitments and Impaired Loans (Summary Of Activity In The Allowance For Credit Losses By Loan Portfolio) (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ' | ' | ' | ' |
Allowance for loan losses at beginning of period | $106,842 | $111,920 | $107,351 | $110,381 |
Other adjustments | -205 | -534 | -743 | -1,044 |
Reclassification from (to) allowance for unfunded lending-related commitments | 284 | 626 | 136 | 953 |
Charge-offs | -12,815 | -23,937 | -45,752 | -57,627 |
Recoveries | 1,502 | 6,020 | 4,116 | 7,884 |
Provision for credit losses | 11,580 | 18,192 | 42,080 | 51,740 |
Allowance for loan losses at period end | 107,188 | 112,287 | 107,188 | 112,287 |
Allowance for unfunded lending-related commitments at period end | 1,267 | 12,627 | 1,267 | 12,627 |
Allowance for credit losses at period end | 108,455 | 124,914 | 108,455 | 124,914 |
Allowance for credit losses at period end, Individually evaluated for impairment | 14,975 | 31,902 | 14,975 | 31,902 |
Allowance for credit losses at period end, Collectively evaluated for impairment | 93,259 | 93,009 | 93,259 | 93,009 |
Allowance for credit losses at period end, Loans acquired with deteriorated credit quality | 221 | 3 | 221 | 3 |
Loans at period end, Individually evaluated for impairment | 178,761 | 233,014 | 178,761 | 233,014 |
Loans at period end, Collectively evaluated for impairment | 11,872,979 | 10,664,331 | 11,872,979 | 10,664,331 |
Loans at period end, Loans acquired with deteriorated credit quality | 529,299 | 592,555 | 529,299 | 592,555 |
Commercial | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ' | ' | ' | ' |
Allowance for loan losses at beginning of period | 28,737 | 26,983 | 28,794 | 31,237 |
Other adjustments | -15 | -138 | -19 | -142 |
Reclassification from (to) allowance for unfunded lending-related commitments | 0 | 0 | 0 | 45 |
Charge-offs | -3,281 | -3,315 | -8,914 | -12,623 |
Recoveries | 756 | 349 | 1,319 | 852 |
Provision for credit losses | 2,044 | 3,862 | 7,061 | 8,372 |
Allowance for loan losses at period end | 28,241 | 27,741 | 28,241 | 27,741 |
Allowance for unfunded lending-related commitments at period end | 0 | 0 | 0 | 0 |
Allowance for credit losses at period end | 28,241 | 27,741 | 28,241 | 27,741 |
Allowance for credit losses at period end, Individually evaluated for impairment | 5,498 | 3,168 | 5,498 | 3,168 |
Allowance for credit losses at period end, Collectively evaluated for impairment | 22,636 | 24,573 | 22,636 | 24,573 |
Allowance for credit losses at period end, Loans acquired with deteriorated credit quality | 107 | 0 | 107 | 0 |
Loans at period end, Individually evaluated for impairment | 24,688 | 38,838 | 24,688 | 38,838 |
Loans at period end, Collectively evaluated for impairment | 3,075,094 | 2,726,255 | 3,075,094 | 2,726,255 |
Loans at period end, Loans acquired with deteriorated credit quality | 9,339 | 5,960 | 9,339 | 5,960 |
Commercial real-estate | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ' | ' | ' | ' |
Allowance for loan losses at beginning of period | 51,950 | 53,801 | 52,135 | 56,405 |
Other adjustments | -193 | -304 | -621 | -787 |
Reclassification from (to) allowance for unfunded lending-related commitments | 284 | 626 | 136 | 908 |
Charge-offs | -6,982 | -17,000 | -25,228 | -34,455 |
Recoveries | 272 | 5,352 | 1,224 | 5,657 |
Provision for credit losses | 5,488 | 12,610 | 23,173 | 27,357 |
Allowance for loan losses at period end | 50,819 | 55,085 | 50,819 | 55,085 |
Allowance for unfunded lending-related commitments at period end | 1,267 | 12,627 | 1,267 | 12,627 |
Allowance for credit losses at period end | 52,086 | 67,712 | 52,086 | 67,712 |
Allowance for credit losses at period end, Individually evaluated for impairment | 5,892 | 21,998 | 5,892 | 21,998 |
Allowance for credit losses at period end, Collectively evaluated for impairment | 46,080 | 45,714 | 46,080 | 45,714 |
Allowance for credit losses at period end, Loans acquired with deteriorated credit quality | 114 | 0 | 114 | 0 |
Loans at period end, Individually evaluated for impairment | 124,401 | 160,711 | 124,401 | 160,711 |
Loans at period end, Collectively evaluated for impairment | 3,963,310 | 3,490,161 | 3,963,310 | 3,490,161 |
Loans at period end, Loans acquired with deteriorated credit quality | 58,399 | 48,840 | 58,399 | 48,840 |
Home equity | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ' | ' | ' | ' |
Allowance for loan losses at beginning of period | 14,205 | 13,878 | 12,734 | 7,712 |
Other adjustments | 0 | -2 | 0 | -4 |
Reclassification from (to) allowance for unfunded lending-related commitments | 0 | 0 | 0 | 0 |
Charge-offs | -711 | -1,543 | -4,893 | -5,865 |
Recoveries | 43 | 52 | 376 | 385 |
Provision for credit losses | 1,824 | 1,215 | 7,144 | 11,372 |
Allowance for loan losses at period end | 15,361 | 13,600 | 15,361 | 13,600 |
Allowance for unfunded lending-related commitments at period end | 0 | 0 | 0 | 0 |
Allowance for credit losses at period end | 15,361 | 13,600 | 15,361 | 13,600 |
Allowance for credit losses at period end, Individually evaluated for impairment | 2,447 | 3,011 | 2,447 | 3,011 |
Allowance for credit losses at period end, Collectively evaluated for impairment | 12,914 | 10,589 | 12,914 | 10,589 |
Allowance for credit losses at period end, Loans acquired with deteriorated credit quality | 0 | 0 | 0 | 0 |
Loans at period end, Individually evaluated for impairment | 11,152 | 13,118 | 11,152 | 13,118 |
Loans at period end, Collectively evaluated for impairment | 725,468 | 794,474 | 725,468 | 794,474 |
Loans at period end, Loans acquired with deteriorated credit quality | 0 | 0 | 0 | 0 |
Residential real-estate | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ' | ' | ' | ' |
Allowance for loan losses at beginning of period | 4,825 | 6,724 | 5,560 | 5,028 |
Other adjustments | -4 | -90 | -98 | -111 |
Reclassification from (to) allowance for unfunded lending-related commitments | 0 | 0 | 0 | 0 |
Charge-offs | -328 | -1,027 | -2,573 | -1,590 |
Recoveries | 64 | 8 | 87 | 13 |
Provision for credit losses | 700 | 1,938 | 2,281 | 4,213 |
Allowance for loan losses at period end | 5,257 | 7,553 | 5,257 | 7,553 |
Allowance for unfunded lending-related commitments at period end | 0 | 0 | 0 | 0 |
Allowance for credit losses at period end | 5,257 | 7,553 | 5,257 | 7,553 |
Allowance for credit losses at period end, Individually evaluated for impairment | 886 | 3,244 | 886 | 3,244 |
Allowance for credit losses at period end, Collectively evaluated for impairment | 4,371 | 4,306 | 4,371 | 4,306 |
Allowance for credit losses at period end, Loans acquired with deteriorated credit quality | 0 | 3 | 0 | 3 |
Loans at period end, Individually evaluated for impairment | 16,746 | 18,696 | 16,746 | 18,696 |
Loans at period end, Collectively evaluated for impairment | 379,462 | 357,326 | 379,462 | 357,326 |
Loans at period end, Loans acquired with deteriorated credit quality | 1,499 | 656 | 1,499 | 656 |
Premium finance receivables | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ' | ' | ' | ' |
Allowance for loan losses at beginning of period | 5,268 | 8,522 | 6,096 | 7,214 |
Other adjustments | 7 | 0 | -5 | 0 |
Reclassification from (to) allowance for unfunded lending-related commitments | 0 | 0 | 0 | 0 |
Charge-offs | -1,297 | -886 | -3,671 | -2,483 |
Recoveries | 316 | 206 | 889 | 675 |
Provision for credit losses | 1,193 | -955 | 2,178 | 1,481 |
Allowance for loan losses at period end | 5,487 | 6,887 | 5,487 | 6,887 |
Allowance for unfunded lending-related commitments at period end | 0 | 0 | 0 | 0 |
Allowance for credit losses at period end | 5,487 | 6,887 | 5,487 | 6,887 |
Allowance for credit losses at period end, Individually evaluated for impairment | 0 | 0 | 0 | 0 |
Allowance for credit losses at period end, Collectively evaluated for impairment | 5,487 | 6,887 | 5,487 | 6,887 |
Allowance for credit losses at period end, Loans acquired with deteriorated credit quality | 0 | 0 | 0 | 0 |
Loans at period end, Individually evaluated for impairment | 0 | 0 | 0 | 0 |
Loans at period end, Collectively evaluated for impairment | 3,560,337 | 3,111,533 | 3,560,337 | 3,111,533 |
Loans at period end, Loans acquired with deteriorated credit quality | 459,883 | 537,032 | 459,883 | 537,032 |
Indirect consumer | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ' | ' | ' | ' |
Allowance for loan losses at beginning of period | 263 | 640 | 267 | 645 |
Other adjustments | 0 | 0 | 0 | 0 |
Reclassification from (to) allowance for unfunded lending-related commitments | 0 | 0 | 0 | 0 |
Charge-offs | -23 | -73 | -71 | -157 |
Recoveries | 12 | 25 | 44 | 76 |
Provision for credit losses | -51 | -323 | -39 | -295 |
Allowance for loan losses at period end | 201 | 269 | 201 | 269 |
Allowance for unfunded lending-related commitments at period end | 0 | 0 | 0 | 0 |
Allowance for credit losses at period end | 201 | 269 | 201 | 269 |
Allowance for credit losses at period end, Individually evaluated for impairment | 0 | 1 | 0 | 1 |
Allowance for credit losses at period end, Collectively evaluated for impairment | 201 | 268 | 201 | 268 |
Allowance for credit losses at period end, Loans acquired with deteriorated credit quality | 0 | 0 | 0 | 0 |
Loans at period end, Individually evaluated for impairment | 79 | 69 | 79 | 69 |
Loans at period end, Collectively evaluated for impairment | 57,157 | 77,309 | 57,157 | 77,309 |
Loans at period end, Loans acquired with deteriorated credit quality | 0 | 0 | 0 | 0 |
Consumer and other | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ' | ' | ' | ' |
Allowance for loan losses at beginning of period | 1,594 | 1,372 | 1,765 | 2,140 |
Other adjustments | 0 | 0 | 0 | 0 |
Reclassification from (to) allowance for unfunded lending-related commitments | 0 | 0 | 0 | 0 |
Charge-offs | -193 | -93 | -402 | -454 |
Recoveries | 39 | 28 | 177 | 226 |
Provision for credit losses | 382 | -155 | 282 | -760 |
Allowance for loan losses at period end | 1,822 | 1,152 | 1,822 | 1,152 |
Allowance for unfunded lending-related commitments at period end | 0 | 0 | 0 | 0 |
Allowance for credit losses at period end | 1,822 | 1,152 | 1,822 | 1,152 |
Allowance for credit losses at period end, Individually evaluated for impairment | 252 | 480 | 252 | 480 |
Allowance for credit losses at period end, Collectively evaluated for impairment | 1,570 | 672 | 1,570 | 672 |
Allowance for credit losses at period end, Loans acquired with deteriorated credit quality | 0 | 0 | 0 | 0 |
Loans at period end, Individually evaluated for impairment | 1,695 | 1,582 | 1,695 | 1,582 |
Loans at period end, Collectively evaluated for impairment | 112,151 | 107,273 | 112,151 | 107,273 |
Loans at period end, Loans acquired with deteriorated credit quality | $179 | $67 | $179 | $67 |
Allowance_for_Loan_Losses_Allo5
Allowance for Loan Losses, Allowance for Losses on Lending-Related Commitments and Impaired Loans (Summary Of Activity In The Allowance For Covered Loan Losses) (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Allowance for Covered Loan Losses [Roll Forward] | ' | ' | ' | ' |
Balance at beginning of period | $14,429 | $20,560 | $13,454 | $12,977 |
Provision for covered loan losses before benefit attributable to FDIC loss share agreements | -2,331 | 3,096 | 515 | 25,916 |
Benefit attributable to FDIC loss share agreements | 1,865 | -2,489 | -412 | -20,766 |
Net provision for covered loan losses | -466 | 607 | 103 | 5,150 |
(Decrease) increase in FDIC indemnification asset | -1,865 | 2,489 | 412 | 20,766 |
Loans charged-off | -3,237 | -1,736 | -8,294 | -17,052 |
Recoveries of loans charged-off | 4,063 | 6 | 7,249 | 85 |
Net recoveries (charge-offs) | 826 | -1,730 | -1,045 | -16,967 |
Balance at end of period | $12,924 | $21,926 | $12,924 | $21,926 |
Allowance_for_Loan_Losses_Allo6
Allowance for Loan Losses, Allowance for Losses on Lending-Related Commitments and Impaired Loans (Summary Of Impaired Loans, Including Restructured Loans) (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | |||
In Thousands, unless otherwise specified | ||||||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | |||
Total impaired loans | $176,298 | $204,545 | $233,014 | |||
Allowance for loan losses related to impaired loans | 14,329 | ' | ' | |||
Financing Receivable [Member] | ' | ' | ' | |||
Financing Receivable, Impaired [Line Items] | ' | ' | ' | |||
Impaired loans with an allowance for loan loss required | 99,437 | [1] | 89,983 | [1] | 120,060 | [1] |
Impaired loans with no allowance for loan loss required | 76,861 | 114,562 | 112,954 | |||
Total impaired loans | 176,298 | [2] | 204,545 | [2] | 233,014 | [2] |
Allowance for loan losses related to impaired loans | 4,400 | 13,575 | 19,818 | |||
Troubled debt restructurings | $115,003 | $126,473 | $147,196 | |||
[1] | These impaired loans require an allowance for loan losses because the estimated fair value of the loans or related collateral is less than the recorded investment in the loans. | |||||
[2] | Impaired loans are considered by the Company to be non-accrual loans, TDRs or loans with principal and/or interest at risk, even if the loan is current with all payments of principal and interest. |
Allowance_for_Loan_Losses_Allo7
Allowance for Loan Losses, Allowance for Losses on Lending-Related Commitments and Impaired Loans (Summary Of Impaired Loans Evaluated For Impairment By Loan Class) (Detail) (USD $) | 9 Months Ended | 12 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Related Allowance | $14,329 | ' | ' |
Recorded Investment | 176,298 | 233,014 | 204,545 |
Unpaid Principal Balance | 205,924 | 256,725 | 231,340 |
Average Recorded Investment | 181,301 | 247,500 | 222,076 |
Interest Income Recognized | 7,129 | 9,301 | 10,819 |
Home equity | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 5,347 | 8,254 | 7,270 |
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 5,559 | 8,923 | 7,313 |
Related Allowance | 2,447 | 3,011 | 2,569 |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 5,468 | 8,572 | 7,282 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 187 | 352 | 271 |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 5,805 | 4,864 | 7,320 |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 7,215 | 5,494 | 8,758 |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 5,568 | 4,931 | 8,164 |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 221 | 162 | 376 |
Residential real-estate | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 5,999 | 13,578 | 6,420 |
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 6,533 | 14,220 | 6,931 |
Related Allowance | 856 | 3,244 | 1,169 |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 5,418 | 13,507 | 6,424 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 170 | 448 | 226 |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 10,482 | 5,118 | 8,390 |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 12,841 | 5,374 | 9,189 |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 9,805 | 5,392 | 9,069 |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 292 | 118 | 337 |
Indirect consumer | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 0 | 12 | 0 |
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 0 | 13 | 0 |
Related Allowance | 0 | 1 | 0 |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 0 | 13 | 0 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 0 | 1 | 0 |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 79 | 57 | 53 |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 88 | 71 | 61 |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 70 | 67 | 65 |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 7 | 5 | 6 |
Consumer and other | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 667 | 1,349 | 502 |
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 668 | 1,349 | 502 |
Related Allowance | 252 | 480 | 142 |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 661 | 1,351 | 502 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 25 | 64 | 26 |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 1,028 | 233 | 1,104 |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 1,564 | 237 | 1,558 |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 1,058 | 248 | 1,507 |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 72 | 11 | 94 |
Commercial and industrial | Commercial | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 10,599 | 11,271 | 11,010 |
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 12,226 | 13,484 | 12,562 |
Related Allowance | 3,915 | 2,615 | 1,982 |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 11,155 | 13,623 | 13,312 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 558 | 670 | 881 |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 10,858 | 25,019 | 20,270 |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 15,320 | 28,581 | 27,574 |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 13,841 | 27,829 | 23,877 |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 683 | 1,076 | 1,259 |
Franchise | Commercial | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 0 | 1,792 | 1,792 |
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 0 | 1,792 | 1,792 |
Related Allowance | 0 | 386 | 1,259 |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 0 | 1,792 | 1,792 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 0 | 91 | 122 |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 0 | 0 | 0 |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 0 | 0 | 0 |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 0 | 0 | 0 |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 |
Mortgage warehouse line of credit | Commercial | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 0 | 0 | 0 |
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 0 | 0 | 0 |
Related Allowance | 0 | 0 | 0 |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 0 | 0 | 0 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 0 | 0 | 0 |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 0 | 0 | 0 |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 0 | 0 | 0 |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 |
Community Advantage - homeowners association | Commercial | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 0 | 0 | 0 |
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 0 | 0 | 0 |
Related Allowance | 0 | 0 | 0 |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 0 | 0 | 0 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 0 | 0 | 0 |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 0 | 0 | 0 |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 0 | 0 | 0 |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 |
Aircraft | Commercial | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 0 | 428 | 0 |
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 0 | 428 | 0 |
Related Allowance | 0 | 95 | 0 |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 0 | 428 | 0 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 0 | 22 | 0 |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 0 | 0 | 0 |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 0 | 0 | 0 |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 0 | 0 | 0 |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 |
Asset-based lending | Commercial | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 2,287 | 306 | 511 |
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 2,296 | 1,624 | 511 |
Related Allowance | 1,549 | 72 | 55 |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 2,299 | 558 | 484 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 86 | 67 | 26 |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 76 | 22 | 25 |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 1,416 | 57 | 1,362 |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 87 | 81 | 252 |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 57 | 5 | 76 |
Tax exempt | Commercial | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 0 | 0 | 0 |
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 0 | 0 | 0 |
Related Allowance | 0 | 0 | 0 |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 0 | 0 | 0 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 0 | 0 | 0 |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 0 | 0 | 0 |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 0 | 0 | 0 |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 |
Leases | Commercial | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 0 | 0 | 0 |
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 0 | 0 | 0 |
Related Allowance | 0 | 0 | 0 |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 0 | 0 | 0 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 0 | 0 | 0 |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 0 | 0 | 0 |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 0 | 0 | 0 |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 |
Other | Commercial | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 0 | 0 | 0 |
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 0 | 0 | 0 |
Related Allowance | 0 | 0 | 0 |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 0 | 0 | 0 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 0 | 0 | 0 |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 0 | 0 | 0 |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 0 | 0 | 0 |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 |
Residential construction | Commercial real-estate | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 377 | 2,637 | 2,007 |
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 377 | 2,712 | 2,007 |
Related Allowance | 49 | 540 | 389 |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 379 | 2,637 | 2,007 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 19 | 102 | 98 |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 3,267 | 3,603 | 4,085 |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 3,426 | 3,719 | 4,440 |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 3,954 | 4,389 | 4,507 |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 122 | 134 | 143 |
Commercial construction | Commercial real-estate | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 9,577 | 4,184 | 1,865 |
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 9,577 | 4,184 | 1,865 |
Related Allowance | 103 | 743 | 70 |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 10,051 | 4,160 | 1,865 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 284 | 153 | 78 |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 8,705 | 9,868 | 12,263 |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 13,939 | 10,466 | 13,395 |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 10,899 | 10,937 | 13,635 |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 564 | 332 | 540 |
Land | Commercial real-estate | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 12,161 | 13,689 | 12,184 |
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 15,486 | 15,459 | 12,860 |
Related Allowance | 947 | 1,576 | 1,414 |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 12,321 | 13,986 | 12,673 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 445 | 460 | 483 |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 4,980 | 13,330 | 12,163 |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 6,094 | 17,331 | 17,141 |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 3,869 | 15,866 | 14,646 |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 181 | 648 | 906 |
Office | Commercial real-estate | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 7,322 | 7,366 | 5,829 |
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 7,376 | 9,851 | 5,887 |
Related Allowance | 111 | 802 | 622 |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 7,426 | 7,998 | 5,936 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 207 | 355 | 246 |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 7,329 | 9,463 | 8,939 |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 9,324 | 10,368 | 9,521 |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 8,242 | 9,627 | 9,432 |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 358 | 339 | 437 |
Industrial | Commercial real-estate | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 3,352 | 752 | 1,150 |
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 3,417 | 804 | 1,200 |
Related Allowance | 177 | 295 | 224 |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 3,402 | 778 | 1,208 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 124 | 34 | 75 |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 7,668 | 3,080 | 3,598 |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 7,833 | 3,164 | 3,776 |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 7,772 | 3,115 | 3,741 |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 357 | 107 | 181 |
Retail | Commercial real-estate | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 18,583 | 17,933 | 13,240 |
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 18,662 | 18,060 | 13,314 |
Related Allowance | 1,942 | 1,257 | 343 |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 18,859 | 18,024 | 13,230 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 564 | 626 | 584 |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 6,230 | 16,610 | 18,073 |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 6,549 | 16,876 | 18,997 |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 6,270 | 17,070 | 19,067 |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 257 | 613 | 892 |
Multi-family | Commercial real-estate | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 3,715 | 5,588 | 3,954 |
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 4,188 | 5,588 | 3,954 |
Related Allowance | 260 | 859 | 348 |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 3,809 | 5,598 | 3,972 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 143 | 213 | 157 |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 1,149 | 1,926 | 2,817 |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 2,983 | 2,672 | 4,494 |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 1,868 | 2,371 | 4,120 |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 115 | 87 | 222 |
Mixed use and other | Commercial real-estate | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 19,451 | 30,921 | 22,249 |
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 19,711 | 32,005 | 23,166 |
Related Allowance | 1,721 | 3,842 | 2,989 |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 18,569 | 31,582 | 23,185 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 669 | 1,145 | 1,165 |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 9,205 | 19,761 | 15,462 |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 11,256 | 21,819 | 17,210 |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 8,181 | 20,970 | 16,122 |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 362 | 861 | 912 |
Commercial insurance loans | Premium finance receivables | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 0 | 0 | 0 |
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 0 | 0 | 0 |
Related Allowance | 0 | 0 | 0 |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 0 | 0 | 0 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 0 | 0 | 0 |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 0 | 0 | 0 |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 0 | 0 | 0 |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 |
Life insurance loans | Premium finance receivables | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 0 | 0 | 0 |
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 0 | 0 | 0 |
Related Allowance | 0 | 0 | 0 |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 0 | 0 | 0 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 0 | 0 | 0 |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 0 | 0 | 0 |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 0 | 0 | 0 |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 |
Purchased life insurance loans | Premium finance receivables | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 0 | 0 | 0 |
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 0 | 0 | 0 |
Related Allowance | 0 | 0 | 0 |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 0 | 0 | 0 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 0 | 0 | 0 |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 0 | 0 | 0 |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 0 | 0 | 0 |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | $0 | $0 | $0 |
Allowance_for_Loan_Losses_Allo8
Allowance for Loan Losses, Allowance for Losses on Lending-Related Commitments and Impaired Loans (Summary Of The Post-Modification Balance Of Loans Restructured) (Detail) (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | ||||||
Loan | Loan | Loan | Loan | Loan | Loan | |||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | $4,003 | [1],[2] | $9,516 | [1],[2] | $20,748 | [1],[2] | $69,853 | [1],[2] | $23,407 | [1],[3] | $114,404 | [1],[3] |
Troubled debt restructuring modifications, number of count | 4 | [1],[2] | 18 | [1],[2] | 30 | [1],[2] | 68 | [1],[2] | 37 | [1],[3] | 121 | [1],[3] |
Residential real estate and other | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 1,000 | [1],[2] | 437 | [1],[2] | 1,778 | [1],[2] | 1,512 | [1],[2] | 1,904 | [1],[3] | 3,977 | [1],[3] |
Troubled debt restructuring modifications, number of count | 1 | [1],[2] | 4 | [1],[2] | 8 | [1],[2] | 9 | [1],[2] | 9 | [1],[3] | 16 | [1],[3] |
Extension at Below Market Terms [Member] | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 4,003 | [1] | 6,590 | [1] | 19,930 | [1] | 56,267 | [1] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 4 | [1] | 10 | [1] | 25 | [1] | 53 | [1] | ' | ' | ||
Extension at Below Market Terms [Member] | Residential real estate and other | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 1,000 | [1] | 308 | [1] | 1,095 | [1] | 1,264 | [1] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 1 | [1] | 3 | [1] | 4 | [1] | 7 | [1] | ' | ' | ||
Reduction of Interest Rate [Member] | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 556 | [1] | 3,708 | [1] | 7,545 | [1] | 59,581 | [1] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 1 | [1] | 11 | [1] | 18 | [1] | 46 | [1] | ' | ' | ||
Reduction of Interest Rate [Member] | Residential real estate and other | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 0 | [1] | 357 | [1] | 762 | [1] | 504 | [1] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 0 | [1] | 3 | [1] | 6 | [1] | 5 | [1] | ' | ' | ||
Modification to Interest Only Payments [Member] | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 0 | [1] | 8,475 | [1] | 6,539 | [1] | 56,383 | [1] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 0 | [1] | 11 | [1] | 7 | [1] | 41 | [1] | ' | ' | ||
Modification to Interest Only Payments [Member] | Residential real estate and other | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 0 | [1] | 79 | [1] | 234 | [1] | 924 | [1] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 0 | [1] | 1 | [1] | 2 | [1] | 3 | [1] | ' | ' | ||
Forgiveness of Debt [Member] | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 1,000 | [1] | 0 | [1] | 1,073 | [1] | 1,515 | [1] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 1 | [1] | 0 | [1] | 2 | [1] | 3 | [1] | ' | ' | ||
Forgiveness of Debt [Member] | Residential real estate and other | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 1,000 | [1] | 0 | [1] | 1,000 | [1] | 29 | [1] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 1 | [1] | 0 | [1] | 1 | [1] | 1 | [1] | ' | ' | ||
Commercial and industrial | Commercial | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 0 | [1],[2] | 442 | [1],[2] | 708 | [1],[2] | 13,325 | [1],[2] | 1,694 | [1],[3] | 15,161 | [1],[3] |
Troubled debt restructuring modifications, number of count | 0 | [1],[2] | 3 | [1],[2] | 6 | [1],[2] | 16 | [1],[2] | 8 | [1],[3] | 21 | [1],[3] |
Commercial and industrial | Extension at Below Market Terms [Member] | Commercial | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 0 | [1] | 275 | [1] | 573 | [1] | 2,617 | [1] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 0 | [1] | 2 | [1] | 5 | [1] | 9 | [1] | ' | ' | ||
Commercial and industrial | Reduction of Interest Rate [Member] | Commercial | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 0 | [1] | 225 | [1] | 553 | [1] | 12,705 | [1] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 0 | [1] | 1 | [1] | 4 | [1] | 9 | [1] | ' | ' | ||
Commercial and industrial | Modification to Interest Only Payments [Member] | Commercial | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 0 | [1] | 167 | [1] | 185 | [1] | 10,579 | [1] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 0 | [1] | 1 | [1] | 2 | [1] | 7 | [1] | ' | ' | ||
Commercial and industrial | Forgiveness of Debt [Member] | Commercial | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 0 | [1] | 0 | [1] | 0 | [1] | 1,486 | [1] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 0 | [1] | 0 | [1] | 0 | [1] | 2 | [1] | ' | ' | ||
Residential construction | Commercial real-estate | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 0 | [1],[2] | 496 | [1],[2] | 0 | [1],[2] | 2,147 | [1],[2] | 0 | [1],[3] | 3,252 | [1],[3] |
Troubled debt restructuring modifications, number of count | 0 | [1],[2] | 1 | [1],[2] | 0 | [1],[2] | 3 | [1],[2] | 0 | [1],[3] | 4 | [1],[3] |
Residential construction | Extension at Below Market Terms [Member] | Commercial real-estate | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 0 | [1] | 496 | [1] | 0 | [1] | 2,147 | [1] | ' | ' | ||
Troubled debt restructuring modifications, number of count | ' | [1] | 1 | [1] | 0 | [1] | 3 | [1] | ' | ' | ||
Residential construction | Reduction of Interest Rate [Member] | Commercial real-estate | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 0 | [1] | 496 | [1] | 0 | [1] | 496 | [1] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 0 | [1] | 1 | [1] | 0 | [1] | 1 | [1] | ' | ' | ||
Residential construction | Modification to Interest Only Payments [Member] | Commercial real-estate | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 0 | [1] | 496 | [1] | 0 | [1] | 496 | [1] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 0 | [1] | 1 | [1] | 0 | [1] | 1 | [1] | ' | ' | ||
Residential construction | Forgiveness of Debt [Member] | Commercial real-estate | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] | ' | ' | ||
Commercial construction | Commercial real-estate | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 0 | [1],[2] | 0 | [1],[2] | 6,120 | [1],[2] | 622 | [1],[2] | 6,120 | [1],[3] | 3,360 | [1],[3] |
Troubled debt restructuring modifications, number of count | 0 | [1],[2] | 0 | [1],[2] | 3 | [1],[2] | 2 | [1],[2] | 3 | [1],[3] | 7 | [1],[3] |
Commercial construction | Extension at Below Market Terms [Member] | Commercial real-estate | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 0 | [1] | 0 | [1] | 6,120 | [1] | 622 | [1] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 0 | [1] | 0 | [1] | 3 | [1] | 2 | [1] | ' | ' | ||
Commercial construction | Reduction of Interest Rate [Member] | Commercial real-estate | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 0 | [1] | 0 | [1] | 0 | [1] | 622 | [1] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 0 | [1] | 0 | [1] | 0 | [1] | 2 | [1] | ' | ' | ||
Commercial construction | Modification to Interest Only Payments [Member] | Commercial real-estate | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 0 | [1] | 0 | [1] | 6,120 | [1] | 622 | [1] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 0 | [1] | 0 | [1] | 3 | [1] | 2 | [1] | ' | ' | ||
Commercial construction | Forgiveness of Debt [Member] | Commercial real-estate | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] | ' | ' | ||
Land | Commercial real-estate | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 2,352 | [1],[2] | 0 | [1],[2] | 2,639 | [1],[2] | 31,836 | [1],[2] | 2,639 | [1],[3] | 37,860 | [1],[3] |
Troubled debt restructuring modifications, number of count | 1 | [1],[2] | 0 | [1],[2] | 3 | [1],[2] | 17 | [1],[2] | 3 | [1],[3] | 21 | [1],[3] |
Land | Extension at Below Market Terms [Member] | Commercial real-estate | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 2,352 | [1] | 0 | [1] | 2,639 | [1] | 31,836 | [1] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 1 | [1] | 0 | [1] | 3 | [1] | 17 | [1] | ' | ' | ||
Land | Reduction of Interest Rate [Member] | Commercial real-estate | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 0 | [1] | 0 | [1] | 287 | [1] | 30,561 | [1] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 0 | [1] | 0 | [1] | 2 | [1] | 14 | [1] | ' | ' | ||
Land | Modification to Interest Only Payments [Member] | Commercial real-estate | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 0 | [1] | 0 | [1] | 0 | [1] | 26,511 | [1] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 0 | [1] | 0 | [1] | 0 | [1] | 13 | [1] | ' | ' | ||
Land | Forgiveness of Debt [Member] | Commercial real-estate | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 0 | [1] | 0 | [1] | 73 | [1] | 0 | [1] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 0 | [1] | 0 | [1] | 1 | [1] | 0 | [1] | ' | ' | ||
Office | Commercial real-estate | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 556 | [1],[2] | 0 | [1],[2] | 4,021 | [1],[2] | 0 | [1],[2] | 4,021 | [1],[3] | 4,795 | [1],[3] |
Troubled debt restructuring modifications, number of count | 1 | [1],[2] | 0 | [1],[2] | 4 | [1],[2] | 0 | [1],[2] | 4 | [1],[3] | 2 | [1],[3] |
Office | Extension at Below Market Terms [Member] | Commercial real-estate | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 556 | [1] | 0 | [1] | 4,021 | [1] | 0 | [1] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 1 | [1] | 0 | [1] | 4 | [1] | 0 | [1] | ' | ' | ||
Office | Reduction of Interest Rate [Member] | Commercial real-estate | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 556 | [1] | 0 | [1] | 556 | [1] | 0 | [1] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 1 | [1] | 0 | [1] | 1 | [1] | 0 | [1] | ' | ' | ||
Office | Modification to Interest Only Payments [Member] | Commercial real-estate | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] | ' | ' | ||
Office | Forgiveness of Debt [Member] | Commercial real-estate | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] | ' | ' | ||
Industrial | Commercial real-estate | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 0 | [1],[2] | 0 | [1],[2] | 949 | [1],[2] | 0 | [1],[2] | 1,676 | [1],[3] | 1,313 | [1],[3] |
Troubled debt restructuring modifications, number of count | 0 | [1],[2] | 0 | [1],[2] | 1 | [1],[2] | 0 | [1],[2] | 2 | [1],[3] | 2 | [1],[3] |
Industrial | Extension at Below Market Terms [Member] | Commercial real-estate | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 0 | [1] | 0 | [1] | 949 | [1] | 0 | [1] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 0 | [1] | 0 | [1] | 1 | [1] | 0 | [1] | ' | ' | ||
Industrial | Reduction of Interest Rate [Member] | Commercial real-estate | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 0 | [1] | 0 | [1] | 949 | [1] | 0 | [1] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 0 | [1] | 0 | [1] | 1 | [1] | 0 | [1] | ' | ' | ||
Industrial | Modification to Interest Only Payments [Member] | Commercial real-estate | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] | ' | ' | ||
Industrial | Forgiveness of Debt [Member] | Commercial real-estate | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] | ' | ' | ||
Retail | Commercial real-estate | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 0 | [1],[2] | 4,653 | [1],[2] | 200 | [1],[2] | 13,286 | [1],[2] | 431 | [1],[3] | 28,097 | [1],[3] |
Troubled debt restructuring modifications, number of count | 0 | [1],[2] | 2 | [1],[2] | 1 | [1],[2] | 7 | [1],[2] | 2 | [1],[3] | 15 | [1],[3] |
Retail | Extension at Below Market Terms [Member] | Commercial real-estate | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 0 | [1] | 4,653 | [1] | 200 | [1] | 13,286 | [1] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 0 | [1] | 2 | [1] | 1 | [1] | 7 | [1] | ' | ' | ||
Retail | Reduction of Interest Rate [Member] | Commercial real-estate | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 0 | [1] | 0 | [1] | 200 | [1] | 8,633 | [1] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 0 | [1] | 0 | [1] | 1 | [1] | 5 | [1] | ' | ' | ||
Retail | Modification to Interest Only Payments [Member] | Commercial real-estate | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 0 | [1] | 4,654 | [1] | 0 | [1] | 12,897 | [1] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 0 | [1] | 2 | [1] | 0 | [1] | 6 | [1] | ' | ' | ||
Retail | Forgiveness of Debt [Member] | Commercial real-estate | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] | ' | ' | ||
Multi-family | Commercial real-estate | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 0 | [1],[2] | 380 | [1],[2] | 705 | [1],[2] | 380 | [1],[2] | 705 | [1],[3] | 4,247 | [1],[3] |
Troubled debt restructuring modifications, number of count | 0 | [1],[2] | 1 | [1],[2] | 1 | [1],[2] | 1 | [1],[2] | 1 | [1],[3] | 6 | [1],[3] |
Multi-family | Extension at Below Market Terms [Member] | Commercial real-estate | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 0 | [1] | 0 | [1] | 705 | [1] | 0 | [1] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 0 | [1] | 0 | [1] | 1 | [1] | 0 | [1] | ' | ' | ||
Multi-family | Reduction of Interest Rate [Member] | Commercial real-estate | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 0 | [1] | 380 | [1] | 705 | [1] | 380 | [1] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 0 | [1] | 1 | [1] | 1 | [1] | 1 | [1] | ' | ' | ||
Multi-family | Modification to Interest Only Payments [Member] | Commercial real-estate | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 0 | [1] | 380 | [1] | 0 | [1] | 380 | [1] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 0 | [1] | 1 | [1] | 0 | [1] | 1 | [1] | ' | ' | ||
Multi-family | Forgiveness of Debt [Member] | Commercial real-estate | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] | ' | ' | ||
Mixed use and other | Commercial real-estate | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 95 | [1],[2] | 3,108 | [1],[2] | 3,628 | [1],[2] | 6,745 | [1],[2] | 4,217 | [1],[3] | 12,342 | [1],[3] |
Troubled debt restructuring modifications, number of count | 1 | [1],[2] | 7 | [1],[2] | 3 | [1],[2] | 13 | [1],[2] | 5 | [1],[3] | 27 | [1],[3] |
Mixed use and other | Extension at Below Market Terms [Member] | Commercial real-estate | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 95 | [1] | 858 | [1] | 3,628 | [1] | 4,495 | [1] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 1 | [1] | 2 | [1] | 3 | [1] | 8 | [1] | ' | ' | ||
Mixed use and other | Reduction of Interest Rate [Member] | Commercial real-estate | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 0 | [1] | 2,250 | [1] | 3,533 | [1] | 5,680 | [1] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 0 | [1] | 5 | [1] | 2 | [1] | 9 | [1] | ' | ' | ||
Mixed use and other | Modification to Interest Only Payments [Member] | Commercial real-estate | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | 0 | [1] | 2,699 | [1] | 0 | [1] | 3,974 | [1] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 0 | [1] | 5 | [1] | 0 | [1] | 8 | [1] | ' | ' | ||
Mixed use and other | Forgiveness of Debt [Member] | Commercial real-estate | ' | ' | ' | ' | ' | ' | ||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Restructured loans | $0 | [1] | $0 | [1] | $0 | [1] | $0 | [1] | ' | ' | ||
Troubled debt restructuring modifications, number of count | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] | ' | ' | ||
[1] | Balances represent the recorded investment in the loan at the time of the restructuring. | |||||||||||
[2] | TDRs may have more than one modification representing a concession. As such, TDRs during the period may be represented in more than one of the categories noted above. | |||||||||||
[3] | Total TDRs represent all loans restructured in TDRs during the previous twelve months from the date indicated. |
Allowance_for_Loan_Losses_Allo9
Allowance for Loan Losses, Allowance for Losses on Lending-Related Commitments and Impaired Loans (Summary Of Loans Restructured And Subsequently Defaulted Under The Restructured Terms) (Detail) (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | ||||||
Loan | Loan | Loan | Loan | Loan | Loan | |||||||
Troubled Debt Restructuring, Debtor, Subsequent Periods [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Total, Count | 4 | [1],[2] | 18 | [1],[2] | 30 | [1],[2] | 68 | [1],[2] | 37 | [1],[3] | 121 | [1],[3] |
Total, Balance | $4,003 | [1],[2] | $9,516 | [1],[2] | $20,748 | [1],[2] | $69,853 | [1],[2] | $23,407 | [1],[3] | $114,404 | [1],[3] |
Payments in Default, Count | 6 | [1],[4] | 18 | [1],[4] | 9 | [1],[4] | 24 | [1],[4] | ' | ' | ||
Payments in Default, Balance | 2,972 | [1],[4] | 7,841 | [1],[4] | 3,970 | [1],[4] | 13,451 | [1],[4] | ' | ' | ||
Commercial | Commercial and industrial | ' | ' | ' | ' | ' | ' | ||||||
Troubled Debt Restructuring, Debtor, Subsequent Periods [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Total, Count | 0 | [1],[2] | 3 | [1],[2] | 6 | [1],[2] | 16 | [1],[2] | 8 | [1],[3] | 21 | [1],[3] |
Total, Balance | 0 | [1],[2] | 442 | [1],[2] | 708 | [1],[2] | 13,325 | [1],[2] | 1,694 | [1],[3] | 15,161 | [1],[3] |
Payments in Default, Count | 1 | [1],[4] | 3 | [1],[4] | 2 | [1],[4] | 3 | [1],[4] | ' | ' | ||
Payments in Default, Balance | 161 | [1],[4] | 351 | [1],[4] | 181 | [1],[4] | 351 | [1],[4] | ' | ' | ||
Commercial real-estate | Residential construction | ' | ' | ' | ' | ' | ' | ||||||
Troubled Debt Restructuring, Debtor, Subsequent Periods [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Total, Count | 0 | [1],[2] | 1 | [1],[2] | 0 | [1],[2] | 3 | [1],[2] | 0 | [1],[3] | 4 | [1],[3] |
Total, Balance | 0 | [1],[2] | 496 | [1],[2] | 0 | [1],[2] | 2,147 | [1],[2] | 0 | [1],[3] | 3,252 | [1],[3] |
Payments in Default, Count | 0 | [1],[4] | 0 | [1],[4] | 0 | [1],[4] | 0 | [1],[4] | ' | ' | ||
Payments in Default, Balance | 0 | [1],[4] | 0 | [1],[4] | 0 | [1],[4] | 0 | [1],[4] | ' | ' | ||
Commercial real-estate | Commercial construction | ' | ' | ' | ' | ' | ' | ||||||
Troubled Debt Restructuring, Debtor, Subsequent Periods [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Total, Count | 0 | [1],[2] | 0 | [1],[2] | 3 | [1],[2] | 2 | [1],[2] | 3 | [1],[3] | 7 | [1],[3] |
Total, Balance | 0 | [1],[2] | 0 | [1],[2] | 6,120 | [1],[2] | 622 | [1],[2] | 6,120 | [1],[3] | 3,360 | [1],[3] |
Payments in Default, Count | 0 | [1],[4] | 5 | [1],[4] | 0 | [1],[4] | 5 | [1],[4] | ' | ' | ||
Payments in Default, Balance | 0 | [1],[4] | 2,740 | [1],[4] | 0 | [1],[4] | 2,740 | [1],[4] | ' | ' | ||
Commercial real-estate | Land | ' | ' | ' | ' | ' | ' | ||||||
Troubled Debt Restructuring, Debtor, Subsequent Periods [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Total, Count | 1 | [1],[2] | 0 | [1],[2] | 3 | [1],[2] | 17 | [1],[2] | 3 | [1],[3] | 21 | [1],[3] |
Total, Balance | 2,352 | [1],[2] | 0 | [1],[2] | 2,639 | [1],[2] | 31,836 | [1],[2] | 2,639 | [1],[3] | 37,860 | [1],[3] |
Payments in Default, Count | 1 | [1],[4] | 1 | [1],[4] | 1 | [1],[4] | 2 | [1],[4] | ' | ' | ||
Payments in Default, Balance | 215 | [1],[4] | 651 | [1],[4] | 215 | [1],[4] | 1,925 | [1],[4] | ' | ' | ||
Commercial real-estate | Office | ' | ' | ' | ' | ' | ' | ||||||
Troubled Debt Restructuring, Debtor, Subsequent Periods [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Total, Count | 1 | [1],[2] | 0 | [1],[2] | 4 | [1],[2] | 0 | [1],[2] | 4 | [1],[3] | 2 | [1],[3] |
Total, Balance | 556 | [1],[2] | 0 | [1],[2] | 4,021 | [1],[2] | 0 | [1],[2] | 4,021 | [1],[3] | 4,795 | [1],[3] |
Payments in Default, Count | 1 | [1],[4] | 0 | [1],[4] | 1 | [1],[4] | 0 | [1],[4] | ' | ' | ||
Payments in Default, Balance | 1,648 | [1],[4] | 0 | [1],[4] | 1,648 | [1],[4] | 0 | [1],[4] | ' | ' | ||
Commercial real-estate | Industrial | ' | ' | ' | ' | ' | ' | ||||||
Troubled Debt Restructuring, Debtor, Subsequent Periods [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Total, Count | 0 | [1],[2] | 0 | [1],[2] | 1 | [1],[2] | 0 | [1],[2] | 2 | [1],[3] | 2 | [1],[3] |
Total, Balance | 0 | [1],[2] | 0 | [1],[2] | 949 | [1],[2] | 0 | [1],[2] | 1,676 | [1],[3] | 1,313 | [1],[3] |
Payments in Default, Count | 1 | [1],[4] | 1 | [1],[4] | 1 | [1],[4] | 1 | [1],[4] | ' | ' | ||
Payments in Default, Balance | 727 | [1],[4] | 990 | [1],[4] | 727 | [1],[4] | 990 | [1],[4] | ' | ' | ||
Commercial real-estate | Retail | ' | ' | ' | ' | ' | ' | ||||||
Troubled Debt Restructuring, Debtor, Subsequent Periods [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Total, Count | 0 | [1],[2] | 2 | [1],[2] | 1 | [1],[2] | 7 | [1],[2] | 2 | [1],[3] | 15 | [1],[3] |
Total, Balance | 0 | [1],[2] | 4,653 | [1],[2] | 200 | [1],[2] | 13,286 | [1],[2] | 431 | [1],[3] | 28,097 | [1],[3] |
Payments in Default, Count | 0 | [1],[4] | 0 | [1],[4] | 0 | [1],[4] | 1 | [1],[4] | ' | ' | ||
Payments in Default, Balance | 0 | [1],[4] | 0 | [1],[4] | 0 | [1],[4] | 1,605 | [1],[4] | ' | ' | ||
Commercial real-estate | Multi-family | ' | ' | ' | ' | ' | ' | ||||||
Troubled Debt Restructuring, Debtor, Subsequent Periods [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Total, Count | 0 | [1],[2] | 1 | [1],[2] | 1 | [1],[2] | 1 | [1],[2] | 1 | [1],[3] | 6 | [1],[3] |
Total, Balance | 0 | [1],[2] | 380 | [1],[2] | 705 | [1],[2] | 380 | [1],[2] | 705 | [1],[3] | 4,247 | [1],[3] |
Payments in Default, Count | 0 | [1],[4] | 1 | [1],[4] | 1 | [1],[4] | 1 | [1],[4] | ' | ' | ||
Payments in Default, Balance | 0 | [1],[4] | 264 | [1],[4] | 705 | [1],[4] | 264 | [1],[4] | ' | ' | ||
Commercial real-estate | Mixed use and other | ' | ' | ' | ' | ' | ' | ||||||
Troubled Debt Restructuring, Debtor, Subsequent Periods [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Total, Count | 1 | [1],[2] | 7 | [1],[2] | 3 | [1],[2] | 13 | [1],[2] | 5 | [1],[3] | 27 | [1],[3] |
Total, Balance | 95 | [1],[2] | 3,108 | [1],[2] | 3,628 | [1],[2] | 6,745 | [1],[2] | 4,217 | [1],[3] | 12,342 | [1],[3] |
Payments in Default, Count | 1 | [1],[4] | 2 | [1],[4] | 2 | [1],[4] | 5 | [1],[4] | ' | ' | ||
Payments in Default, Balance | 95 | [1],[4] | 914 | [1],[4] | 368 | [1],[4] | 3,197 | [1],[4] | ' | ' | ||
Residential real estate and other | ' | ' | ' | ' | ' | ' | ||||||
Troubled Debt Restructuring, Debtor, Subsequent Periods [Line Items] | ' | ' | ' | ' | ' | ' | ||||||
Total, Count | 1 | [1],[2] | 4 | [1],[2] | 8 | [1],[2] | 9 | [1],[2] | 9 | [1],[3] | 16 | [1],[3] |
Total, Balance | 1,000 | [1],[2] | 437 | [1],[2] | 1,778 | [1],[2] | 1,512 | [1],[2] | 1,904 | [1],[3] | 3,977 | [1],[3] |
Payments in Default, Count | 1 | [1],[4] | 5 | [1],[4] | 1 | [1],[4] | 6 | [1],[4] | ' | ' | ||
Payments in Default, Balance | $126 | [1],[4] | $1,931 | [1],[4] | $126 | [1],[4] | $2,379 | [1],[4] | ' | ' | ||
[1] | Balances represent the recorded investment in the loan at the time of the restructuring. | |||||||||||
[2] | TDRs may have more than one modification representing a concession. As such, TDRs during the period may be represented in more than one of the categories noted above. | |||||||||||
[3] | Total TDRs represent all loans restructured in TDRs during the previous twelve months from the date indicated. | |||||||||||
[4] | TDRs considered to be in payment default are over 30 days past-due subsequent to the restructuring. |
Recovered_Sheet1
Allowance for Loan Losses, Allowance for Losses on Lending-Related Commitments and Impaired Loans (Narrative) (Detail) (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | ||||||||||||||||||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | |||||||||||
Loan | Loan | Loan | Loan | Loan | Loan | Financing Receivable [Member] | Financing Receivable [Member] | Financing Receivable [Member] | Financing Receivable [Member] | Financing Receivable [Member] | Modification to Interest Only Payments [Member] | Modification to Interest Only Payments [Member] | Modification to Interest Only Payments [Member] | Modification to Interest Only Payments [Member] | |||||||||||
credits | Loan | Loan | Loan | Loan | |||||||||||||||||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||
Restructured loans | ' | ' | ' | ' | ' | ' | $115,003,000 | $147,196,000 | $115,003,000 | $147,196,000 | $126,473,000 | ' | ' | ' | ' | ||||||||||
Troubled debt restructuring modifications, number of count | 4 | [1],[2] | 18 | [1],[2] | 30 | [1],[2] | 68 | [1],[2] | 37 | [1],[3] | 121 | [1],[3] | ' | ' | 161 | ' | ' | 0 | [1] | 11 | [1] | 7 | [1] | 41 | [1] |
Allowance for loan losses related to impaired loans | 14,329,000 | ' | 14,329,000 | ' | 14,329,000 | ' | 4,400,000 | 19,818,000 | 4,400,000 | 19,818,000 | 13,575,000 | ' | ' | ' | ' | ||||||||||
Interest income | ' | ' | ' | ' | ' | ' | 205,000 | 534,000 | 727,000 | 1,000,000 | ' | ' | ' | ' | ' | ||||||||||
Restructured loans | 4,003,000 | [1],[2] | 9,516,000 | [1],[2] | 20,748,000 | [1],[2] | 69,853,000 | [1],[2] | 23,407,000 | [1],[3] | 114,404,000 | [1],[3] | ' | ' | ' | ' | ' | 0 | [1] | 8,475,000 | [1] | 6,539,000 | [1] | 56,383,000 | [1] |
Weighted average extension term | '26 months | '8 months | '19 months | '8 months | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||
Weighted average interest only term | ' | '9 months | '11 months | '5 months | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||
Loan forgiveness | $1,000,000 | $0 | $1,000,000 | $420,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||
Weighted average stated interest rate, basis points | 1.50% | 2.93% | 1.99% | 1.51% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||
[1] | Balances represent the recorded investment in the loan at the time of the restructuring. | ||||||||||||||||||||||||
[2] | TDRs may have more than one modification representing a concession. As such, TDRs during the period may be represented in more than one of the categories noted above. | ||||||||||||||||||||||||
[3] | Total TDRs represent all loans restructured in TDRs during the previous twelve months from the date indicated. |
Loan_Securitization_Narrative_
Loan Securitization (Narrative) (Detail) (USD $) | 3 Months Ended | 0 Months Ended | 3 Months Ended | 0 Months Ended | ||||||||
Jun. 30, 2012 | Mar. 31, 2012 | Sep. 30, 2009 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Aug. 15, 2012 | Sep. 30, 2009 | Aug. 15, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | |
Class A [Member] | Class A [Member] | Class B and C [Member] | Securitization Entity [Member] | Securitization Entity [Member] | Securitization Entity [Member] | |||||||
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Instruments issued by the securitization entity | ' | ' | ' | ' | ' | ' | ' | $600,000,000 | ' | ' | ' | ' |
Debt Instrument, Description of Variable Rate Basis | ' | ' | 'One-month LIBOR | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Incremental interest rate over base rate | ' | ' | ' | ' | ' | ' | ' | 1.45% | ' | ' | ' | ' |
Company repurchased notes | 67,200,000 | 172,000,000 | ' | ' | ' | ' | 360,800,000 | ' | 49,600,000 | ' | ' | ' |
Total loans | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Secured borrowings-owed to securitization investors | 360,800,000 | ' | ' | 0 | 0 | 0 | ' | ' | ' | ' | ' | ' |
Proceeds from Secured Debt Intercompany | ' | ' | ' | ' | ' | ' | 239,200,000 | ' | ' | ' | ' | ' |
Cash | ' | ' | ' | ' | ' | ' | ' | ' | ' | 36,000 | 36,000 | 1,800,000 |
Other borrowings | ' | ' | ' | $246,870,000 | $274,411,000 | $377,229,000 | ' | ' | ' | $0 | $0 | $0 |
Recovered_Sheet2
Goodwill And Other Intangible Assets (Goodwill Assets By Business Segment) (Detail) (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Goodwill [Roll Forward] | ' | ' |
Beginning balance | $345,401 | $331,634 |
Goodwill Acquired | 13,960 | ' |
Impairment Loss | 0 | ' |
Goodwill Adjustments | -2,052 | ' |
Ending balance | 357,309 | 331,634 |
Community banking | ' | ' |
Goodwill [Roll Forward] | ' | ' |
Beginning balance | 274,963 | ' |
Goodwill Acquired | 13,960 | ' |
Impairment Loss | 0 | ' |
Goodwill Adjustments | -1,496 | ' |
Ending balance | 287,427 | ' |
Specialty finance | ' | ' |
Goodwill [Roll Forward] | ' | ' |
Beginning balance | 38,574 | ' |
Goodwill Acquired | 0 | ' |
Impairment Loss | 0 | ' |
Goodwill Adjustments | -556 | ' |
Ending balance | 38,018 | ' |
Wealth management | ' | ' |
Goodwill [Roll Forward] | ' | ' |
Beginning balance | 31,864 | ' |
Goodwill Acquired | 0 | ' |
Impairment Loss | 0 | ' |
Goodwill Adjustments | 0 | ' |
Ending balance | $31,864 | ' |
Recovered_Sheet3
Goodwill And Other Intangible Assets (Summary of Finite-Lived Intangible Assets) (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 |
In Thousands, unless otherwise specified | |||
Finite-Lived Intangible Assets [Line Items] | ' | ' | ' |
Other intangible assets | $18,982 | $20,947 | $22,405 |
Core deposit intangibles | Community banking | ' | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' | ' |
Gross carrying amount | 39,350 | 38,176 | 38,501 |
Accumulated amortization | -28,143 | -25,159 | -24,178 |
Net carrying amount | 11,207 | 13,017 | 14,323 |
Customer list intangibles | Specialty finance | ' | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' | ' |
Gross carrying amount | 1,800 | 1,800 | 1,800 |
Accumulated amortization | -769 | -645 | -603 |
Net carrying amount | 1,031 | 1,155 | 1,197 |
Customer list and other intangibles | Wealth management | ' | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' | ' |
Gross carrying amount | 7,690 | 7,390 | 7,390 |
Accumulated amortization | -946 | -615 | -505 |
Net carrying amount | $6,744 | $6,775 | $6,885 |
Goodwill_And_Other_Intangible_2
Goodwill And Other Intangible Assets (Estimated Amortization) (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Goodwill and Intangible Assets Disclosure [Abstract] | ' | ' | ' | ' |
Actual in nine months ended September 30, 2013 | $1,154 | $1,078 | $3,438 | $3,216 |
Estimated remaining in 2013 | 1,123 | ' | 1,123 | ' |
Estimated-2014 | 4,117 | ' | 4,117 | ' |
Estimated-2015 | 2,565 | ' | 2,565 | ' |
Estimated-2016 | 1,981 | ' | 1,981 | ' |
Estimated-2017 | $1,589 | ' | $1,589 | ' |
Goodwill_And_Other_Intangible_3
Goodwill And Other Intangible Assets (Narrative) (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | |
Indefinite-lived Intangible Assets [Line Items] | ' | ' | ' | ' |
Amortization of other intangible assets | $1,154,000 | $1,078,000 | $3,438,000 | $3,216,000 |
Community banking | ' | ' | ' | ' |
Indefinite-lived Intangible Assets [Line Items] | ' | ' | ' | ' |
Goodwill, Period Increase (Decrease) | ' | ' | 12,500,000 | ' |
Community banking | Core deposit intangibles | ' | ' | ' | ' |
Indefinite-lived Intangible Assets [Line Items] | ' | ' | ' | ' |
Amortization period in years, core deposit intangibles | ' | ' | '10 years | ' |
Specialty finance | ' | ' | ' | ' |
Indefinite-lived Intangible Assets [Line Items] | ' | ' | ' | ' |
Goodwill, Period Increase (Decrease) | ' | ' | $556,000 | ' |
Specialty finance | Customer list intangibles | ' | ' | ' | ' |
Indefinite-lived Intangible Assets [Line Items] | ' | ' | ' | ' |
Amortization period in years, core deposit intangibles | ' | ' | '18 years | ' |
Wealth management | Customer list intangibles | ' | ' | ' | ' |
Indefinite-lived Intangible Assets [Line Items] | ' | ' | ' | ' |
Amortization period in years, core deposit intangibles | ' | ' | '10 years | ' |
Deposits_Summary_Of_Deposits_D
Deposits (Summary Of Deposits) (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 |
In Thousands, unless otherwise specified | |||
Deposits [Abstract] | ' | ' | ' |
Non-interest bearing | $2,622,518 | $2,396,264 | $2,162,215 |
NOW | 1,922,906 | 2,022,957 | 1,841,743 |
Wealth management deposits | 1,099,509 | 991,902 | 979,306 |
Money market | 3,423,413 | 2,761,498 | 2,596,702 |
Savings | 1,318,147 | 1,275,012 | 1,156,466 |
Time certificates of deposit | 4,260,953 | 4,980,911 | 5,111,533 |
Total deposits | $14,647,446 | $14,428,544 | $13,847,965 |
Non-interest bearing, Mix | 18.00% | 17.00% | 16.00% |
NOW, Mix | 13.00% | 14.00% | 13.00% |
Wealth management deposits, Mix | 8.00% | 7.00% | 7.00% |
Money market, Mix | 23.00% | 19.00% | 19.00% |
Savings, Mix | 9.00% | 9.00% | 8.00% |
Time certificates of deposit, Mix | 29.00% | 34.00% | 37.00% |
Total deposits, Mix | 100.00% | 100.00% | 100.00% |
Notes_Payable_Federal_Home_Loa2
Notes Payable, Federal Home Loan Bank Advances, Other Borrowings, Secured Borrowings And Subordinated Notes (Summary Of Notes Payable, Federal Home Loan Bank Advances, Other Borrowings, Secured Borrowings And Subordinated Notes) (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 |
In Thousands, unless otherwise specified | |||
Debt Disclosure [Abstract] | ' | ' | ' |
Notes payable | $1,546 | $2,093 | $2,275 |
Federal Home Loan Bank advances | 387,852 | 414,122 | 414,211 |
Securities sold under repurchase agreements | 223,211 | 238,401 | 337,405 |
Other | 23,659 | 36,010 | 39,824 |
Total other borrowings | 246,870 | 274,411 | 377,229 |
Subordinated notes | 10,000 | 15,000 | 15,000 |
Total notes payable, Federal Home Loan Bank advances, other borrowings and subordinated notes | $646,268 | $705,626 | $808,715 |
Notes_Payable_Federal_Home_Loa3
Notes Payable, Federal Home Loan Bank Advances, Other Borrowings, Secured Borrowings And Subordinated Notes (Narrative) (Detail) (USD $) | 3 Months Ended | 12 Months Ended | 9 Months Ended | 0 Months Ended | 9 Months Ended | 3 Months Ended | 0 Months Ended | 9 Months Ended | |||||||||||||||||||
Mar. 31, 2012 | Dec. 31, 2010 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Mar. 15, 2011 | Sep. 30, 2013 | Dec. 07, 2010 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2012 | Nov. 07, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | |
Subordinated Debt [Member] | Notes Payable to Banks [Member] | Unsecured Debt [Member] | Securities Sold under Agreements to Repurchase [Member] | Securities Sold under Agreements to Repurchase [Member] | Borrowings From Banks And Brokers [Member] | Borrowings From Banks And Brokers [Member] | Junior Subordinated Debt [Member] | Junior Subordinated Debt [Member] | Junior Subordinated Debt [Member] | Fixed Rate Promissory Note [Member] | Subordinated Note Due October Twenty Nine Two Thousand And Twelve [Member] | Subordinated Note Due May One Two Thousand And Thirteen [Member] | Subordinated Note Due May Twenty Nine Two Thousand And Fifteen [Member] | Subordinated Note Due May Twenty Nine Two Thousand And Fifteen [Member] | Base Rate Loan [Member] | Base Rate Loan [Member] | Base Rate Loan [Member] | Eurodollar Rate Loan [Member] | Eurodollar Rate Loan [Member] | Revolving Credit Facility [Member] | |||||||
Eurodollar Rate [Member] | Federal Funds Rate [Member] | Base Rate [Member] | London Interbank Offered Rate (LIBOR) [Member] | Base Rate [Member] | |||||||||||||||||||||||
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage Rate Range, Minimum | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4.00% | ' | 4.00% | ' |
Notes payable | ' | ' | $1,546,000 | $2,093,000 | $2,275,000 | ' | ' | $1,000,000 | $546,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loan agreement with unaffiliated banks, amount | ' | ' | 101,000,000 | ' | ' | ' | ' | 1,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loan agreement with unaffiliated banks, amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100,000,000 |
Maturity date | ' | 15-Dec-13 | ' | ' | ' | ' | ' | 1-Jun-15 | ' | ' | ' | ' | ' | ' | 15-Dec-13 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 25-Oct-13 |
Line of credit facility, amount outstanding | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 |
Percentage of commitment fee payment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.50% |
Federal Home Loan Bank advances, restructured advances | 292,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Federal Home Loan Bank advances, prepayment fees | 22,400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Securities sold under repurchase agreements | ' | ' | 223,211,000 | 238,401,000 | 337,405,000 | ' | ' | ' | ' | 43,200,000 | 70,800,000 | 180,000,000 | 266,600,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Pledged Financial Instruments, Not Separately Reported, Securities for Repurchase Agreements | ' | ' | ' | ' | ' | ' | ' | ' | ' | 63,700,000 | ' | 197,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Other | ' | ' | 23,659,000 | 36,010,000 | 39,824,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,200,000 | ' | 19,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Junior subordinated notes | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 44,700,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Contractual rate | ' | ' | ' | ' | ' | ' | ' | 4.00% | 1.25% | ' | ' | ' | ' | ' | 9.50% | ' | 3.75% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Quarterly principal and interest payments | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,300,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Initial Payment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,600,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Secured borrowings-owed to securitization investors | ' | ' | 0 | 0 | 0 | 360,800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Incremental interest rate over base rate | ' | ' | ' | ' | ' | ' | 1.30% | ' | 1.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.50% | 1.00% | ' | 3.00% | ' | ' |
Subordinated notes | ' | ' | 10,000,000 | 15,000,000 | 15,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Early Repayment of Subordinated Debt | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5,000,000 | 10,000,000 | 10,000,000 | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Frequency of Periodic Payment | ' | ' | ' | ' | ' | ' | ' | ' | 'quarterly | ' | ' | ' | ' | ' | 'quarterly | ' | ' | ' | ' | ' | 'annual | ' | ' | ' | ' | ' | ' |
Subordinated debt, annual principal payment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5,000,000 | ' | ' | ' | ' | ' | ' |
Notes payable | ' | ' | ' | ' | ' | ' | ' | $1,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Junior_Subordinated_Debentures2
Junior Subordinated Debentures (Summary Of The Company's Junior Subordinated Debentures) (Detail) (USD $) | 12 Months Ended | 9 Months Ended | |||||||||||
In Thousands, unless otherwise specified | Dec. 31, 2010 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 |
Wintrust Capital Trust III | Wintrust Statutory Trust IV | Wintrust Statutory Trust V | Wintrust Capital Trust VII | Wintrust Capital Trust VIII | Wintrust Capital Trust IX | Northview Capital Trust I | Town Bankshares Capital Trust I | First Northwest Capital Trust I | |||||
Subordinated Borrowing [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common Securities | ' | ' | ' | ' | $774 | $619 | $1,238 | $1,550 | $1,238 | $1,547 | $186 | $186 | $155 |
Trust Preferred Securities | ' | ' | ' | ' | 25,000 | 20,000 | 40,000 | 50,000 | 40,000 | 50,000 | 6,000 | 6,000 | 5,000 |
Junior subordinated debentures | ' | $249,493 | $249,493 | $249,493 | $25,774 | $20,619 | $41,238 | $51,550 | $41,238 | $51,547 | $6,186 | $6,186 | $5,155 |
Rate Structure | ' | ' | ' | ' | 'L+3.25 | 'L+2.80 | 'L+2.60 | 'L+1.95 | 'L+1.45 | 'L+1.63 | 'L+3.00 | 'L+3.00 | 'L+3.00 |
Incremental interest rate over base rate | ' | ' | ' | ' | 3.25% | 2.80% | 2.60% | 1.95% | 1.45% | 1.63% | 3.00% | 3.00% | 3.00% |
Contractual rate | ' | ' | ' | ' | 3.52% | 3.05% | 2.85% | 2.20% | 1.70% | 1.88% | 3.27% | 3.27% | 3.25% |
Debt, Weighted Average Interest Rate | ' | 2.44% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issue Date | ' | ' | ' | ' | 30-Apr-03 | 31-Dec-03 | 31-May-04 | 31-Dec-04 | 31-Aug-05 | 30-Sep-06 | 31-Aug-03 | 31-Aug-03 | 31-May-04 |
Maturity Date | 15-Dec-13 | ' | ' | ' | 30-Apr-33 | 31-Dec-33 | 31-May-34 | 31-Mar-35 | 30-Sep-35 | 30-Sep-36 | 30-Nov-33 | 30-Nov-33 | 31-May-34 |
Earliest Redemption Date | ' | ' | ' | ' | 30-Apr-08 | 31-Dec-08 | 30-Jun-09 | 31-Mar-10 | 30-Sep-10 | 30-Sep-11 | 31-Aug-08 | 31-Aug-08 | 31-May-09 |
Junior_Subordinated_Debentures3
Junior Subordinated Debentures (Narrative) (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | Forward Starting Interest Rate Cap [Member] | |||
Subordinated Borrowing [Line Items] | ' | ' | ' | ' |
Percentage ownership interest in subsidiary trusts | 100.00% | ' | ' | ' |
Common securities, approximate percentage of junior subordinated debentures | 3.00% | ' | ' | ' |
Trust preferred securities, approximate percentage of junior subordinated debentures | 97.00% | ' | ' | ' |
Junior subordinated debentures | $249,493 | $249,493 | $249,493 | ' |
Debt, Weighted Average Interest Rate | 2.44% | ' | ' | ' |
Notional Amount | $225,000 | ' | ' | $90,000 |
Debt, Hedge Adjusted Weighted Average Interest Rate | 3.25% | ' | ' | ' |
Number of Derivative Contracts | ' | ' | ' | 2 |
Consecutive quarters of deferred payment | 20 | ' | ' | ' |
Segment_Information_Summary_Of
Segment Information (Summary Of Certain Operating Information For Reportable Segments) (Detail) (USD $) | 3 Months Ended | 9 Months Ended | |||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Total net interest income | $141,782 | $132,575 | $408,319 | $386,740 | ' |
Total net interest income, Change in Contribution | 9,207 | ' | 21,579 | ' | ' |
Total net interest income, Change in Contribution Percentage | 7.00% | ' | 6.00% | ' | ' |
Total non-interest income | 54,662 | 62,945 | 176,036 | 160,903 | ' |
Total non-interest income, Change in Contribution | -8,283 | ' | 15,133 | ' | ' |
Total non-interest income, Change in Contribution Percentage | -13.00% | ' | 9.00% | ' | ' |
Total net revenue | 196,444 | 195,520 | 584,355 | 547,643 | ' |
Total net revenue, Change in Contribution | 924 | ' | 36,712 | ' | ' |
Total net revenue, Change in Contribution Percentage | 0.00% | ' | 7.00% | ' | ' |
Total segment profit | 35,563 | 32,302 | 101,922 | 81,107 | ' |
Total segment profit, Change in Contribution | 3,261 | ' | 20,815 | ' | ' |
Total segment profit, Change in Contribution Percentage | 10.00% | ' | 26.00% | ' | ' |
Total assets | 17,682,548 | 17,018,592 | 17,682,548 | 17,018,592 | 17,519,613 |
Total segment assets, Change in Contribution | 663,956 | ' | ' | ' | ' |
Total segment assets, Change in Contribution Percentage | 4.00% | ' | ' | ' | ' |
Operating Segments [Member] | Community banking | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Total net interest income | 133,378 | 124,684 | 384,327 | 368,834 | ' |
Total net interest income, Change in Contribution | 8,694 | ' | 15,493 | ' | ' |
Total net interest income, Change in Contribution Percentage | 7.00% | ' | 4.00% | ' | ' |
Total non-interest income | 37,727 | 48,912 | 120,211 | 117,717 | ' |
Total non-interest income, Change in Contribution | -11,185 | ' | 2,494 | ' | ' |
Total non-interest income, Change in Contribution Percentage | -23.00% | ' | 2.00% | ' | ' |
Total net revenue | 171,105 | 173,596 | 504,538 | 486,551 | ' |
Total net revenue, Change in Contribution | -2,491 | ' | 17,987 | ' | ' |
Total net revenue, Change in Contribution Percentage | -1.00% | ' | 4.00% | ' | ' |
Total segment profit | 36,279 | 39,663 | 104,153 | 96,052 | ' |
Total segment profit, Change in Contribution | -3,384 | ' | 8,101 | ' | ' |
Total segment profit, Change in Contribution Percentage | -9.00% | ' | 8.00% | ' | ' |
Total assets | 17,375,033 | 16,877,673 | 17,375,033 | 16,877,673 | ' |
Total segment assets, Change in Contribution | 497,360 | ' | ' | ' | ' |
Total segment assets, Change in Contribution Percentage | 3.00% | ' | ' | ' | ' |
Operating Segments [Member] | Specialty finance | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Total net interest income | 32,742 | 32,182 | 95,292 | 88,462 | ' |
Total net interest income, Change in Contribution | 560 | ' | 6,830 | ' | ' |
Total net interest income, Change in Contribution Percentage | 2.00% | ' | 8.00% | ' | ' |
Total non-interest income | 2,125 | 1,074 | 5,607 | 4,012 | ' |
Total non-interest income, Change in Contribution | 1,051 | ' | 1,595 | ' | ' |
Total non-interest income, Change in Contribution Percentage | 98.00% | ' | 40.00% | ' | ' |
Total net revenue | 34,867 | 33,256 | 100,899 | 92,474 | ' |
Total net revenue, Change in Contribution | 1,611 | ' | 8,425 | ' | ' |
Total net revenue, Change in Contribution Percentage | 5.00% | ' | 9.00% | ' | ' |
Total segment profit | 14,826 | 12,967 | 42,438 | 36,401 | ' |
Total segment profit, Change in Contribution | 1,859 | ' | 6,037 | ' | ' |
Total segment profit, Change in Contribution Percentage | 14.00% | ' | 17.00% | ' | ' |
Total assets | 4,222,537 | 3,796,745 | 4,222,537 | 3,796,745 | ' |
Total segment assets, Change in Contribution | 425,792 | ' | ' | ' | ' |
Total segment assets, Change in Contribution Percentage | 11.00% | ' | ' | ' | ' |
Operating Segments [Member] | Wealth management | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Total net interest income | 1,624 | 524 | 5,284 | 4,940 | ' |
Total net interest income, Change in Contribution | 1,100 | ' | 344 | ' | ' |
Net Interest income Not Meaningful Variance | 'NM | ' | ' | ' | ' |
Total net interest income, Change in Contribution Percentage | ' | ' | 7.00% | ' | ' |
Total non-interest income | 19,044 | 16,115 | 55,971 | 47,316 | ' |
Total non-interest income, Change in Contribution | 2,929 | ' | 8,655 | ' | ' |
Total non-interest income, Change in Contribution Percentage | 18.00% | ' | 18.00% | ' | ' |
Total net revenue | 20,668 | 16,639 | 61,255 | 52,256 | ' |
Total net revenue, Change in Contribution | 4,029 | ' | 8,999 | ' | ' |
Total net revenue, Change in Contribution Percentage | 24.00% | ' | 17.00% | ' | ' |
Total segment profit | 2,702 | 1,317 | 8,093 | 5,297 | ' |
Total segment profit, Change in Contribution | 1,385 | ' | 2,796 | ' | ' |
Operating Income Loss Not Meaningful Variance | 'NM | ' | ' | ' | ' |
Total segment profit, Change in Contribution Percentage | ' | ' | 53.00% | ' | ' |
Total assets | 101,707 | 95,128 | 101,707 | 95,128 | ' |
Total segment assets, Change in Contribution | 6,579 | ' | ' | ' | ' |
Total segment assets, Change in Contribution Percentage | 7.00% | ' | ' | ' | ' |
Intersegment Eliminations [Member] | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Total net interest income | -25,962 | -24,815 | -76,584 | -75,496 | ' |
Total net interest income, Change in Contribution | -1,147 | ' | -1,088 | ' | ' |
Total net interest income, Change in Contribution Percentage | -5.00% | ' | -1.00% | ' | ' |
Total non-interest income | -4,234 | -3,156 | -5,753 | -8,142 | ' |
Total non-interest income, Change in Contribution | -1,078 | ' | 2,389 | ' | ' |
Total non-interest income, Change in Contribution Percentage | -34.00% | ' | 29.00% | ' | ' |
Total net revenue | -30,196 | -27,971 | -82,337 | -83,638 | ' |
Total net revenue, Change in Contribution | -2,225 | ' | 1,301 | ' | ' |
Total net revenue, Change in Contribution Percentage | -8.00% | ' | 2.00% | ' | ' |
Total segment profit | -18,244 | -21,645 | -52,762 | -56,643 | ' |
Total segment profit, Change in Contribution | 3,401 | ' | 3,881 | ' | ' |
Total segment profit, Change in Contribution Percentage | 16.00% | ' | 7.00% | ' | ' |
Total assets | -4,016,729 | -3,750,954 | -4,016,729 | -3,750,954 | ' |
Total segment assets, Change in Contribution | ($265,775) | ' | ' | ' | ' |
Total segment assets, Change in Contribution Percentage | -7.00% | ' | ' | ' | ' |
Derivative_Financial_Instrumen2
Derivative Financial Instruments (Interest Rate Cap Derivative Summary) (Detail) (USD $) | Sep. 30, 2013 |
In Thousands, unless otherwise specified | |
Interest Rate Cap Derivative Summary [Line Items] | ' |
Notional Amount | $225,000 |
Interest Rate Cap Seventy Seven Million Notional May Two Thousand Fifteen Maturity [Member] | Not Designated as Hedging Instrument [Member] | ' |
Interest Rate Cap Derivative Summary [Line Items] | ' |
Notional Amount | 77,000 |
Fair Value as of End of Period | 17 |
Interest Rate Cap Two Hundred Fifteen Million Notional May Two Thousand Sixteen Maturity [Member] | Not Designated as Hedging Instrument [Member] | ' |
Interest Rate Cap Derivative Summary [Line Items] | ' |
Notional Amount | 215,000 |
Fair Value as of End of Period | 685 |
Interest Rate Cap Ninety Six Million Five Hundred Thirty Thousand Notional April Two Thousand Fifteen Maturity [Member] | Not Designated as Hedging Instrument [Member] | ' |
Interest Rate Cap Derivative Summary [Line Items] | ' |
Notional Amount | 96,530 |
Fair Value as of End of Period | 20 |
Interest Rate Cap Two Hundred Sixteen Million Five Hundred Thousand Notional August Two Thousand Sixteen Maturity [Member] | Not Designated as Hedging Instrument [Member] | ' |
Interest Rate Cap Derivative Summary [Line Items] | ' |
Notional Amount | 216,500 |
Fair Value as of End of Period | 1,117 |
Interest Rate Cap One Hundred Million Notional August Two Thousand Sixteen Maturity [Member] | Not Designated as Hedging Instrument [Member] | ' |
Interest Rate Cap Derivative Summary [Line Items] | ' |
Notional Amount | 100,000 |
Fair Value as of End of Period | 602 |
Interest Rate Cap One Hundred Million Notional March Two Thousand Seventeen Maturity [Member] | Not Designated as Hedging Instrument [Member] | ' |
Interest Rate Cap Derivative Summary [Line Items] | ' |
Notional Amount | 100,000 |
Fair Value as of End of Period | 1,199 |
Interest Rate Cap Seventy Five Million Notional November Two Thousand Sixteen Maturity [Member] | Not Designated as Hedging Instrument [Member] | ' |
Interest Rate Cap Derivative Summary [Line Items] | ' |
Notional Amount | 75,000 |
Fair Value as of End of Period | 607 |
Total Interest Rate Cap [Member] | ' |
Interest Rate Cap Derivative Summary [Line Items] | ' |
Notional Amount | 1,030,030 |
Fair Value as of End of Period | 5,985 |
Cash Flow Hedging [Member] | Interest Rate Cap Twenty Million Notional September Two Thousand Fourteen Maturity [Member] | Designated as Hedging Instrument [Member] | ' |
Interest Rate Cap Derivative Summary [Line Items] | ' |
Notional Amount | 20,000 |
Fair Value as of End of Period | 0 |
Cash Flow Hedging [Member] | Interest Rate Cap Forty Million Notional September Two Thousand Fourteen Maturity [Member] | Designated as Hedging Instrument [Member] | ' |
Interest Rate Cap Derivative Summary [Line Items] | ' |
Notional Amount | 40,000 |
Fair Value as of End of Period | 0 |
Cash Flow Hedging [Member] | Interest Rate Cap Fifty Million Notional September Two Thousand Seventeen Maturity [Member] | Designated as Hedging Instrument [Member] | ' |
Interest Rate Cap Derivative Summary [Line Items] | ' |
Notional Amount | 50,000 |
Fair Value as of End of Period | 951 |
Cash Flow Hedging [Member] | Interest Rate Cap Forty Million Notional September Two Thousand Seventeen Maturity [Member] | Designated as Hedging Instrument [Member] | ' |
Interest Rate Cap Derivative Summary [Line Items] | ' |
Notional Amount | 40,000 |
Fair Value as of End of Period | 787 |
Cash Flow Hedging [Member] | Total Interest Rate Cap [Member] | Designated as Hedging Instrument [Member] | ' |
Interest Rate Cap Derivative Summary [Line Items] | ' |
Notional Amount | 150,000 |
Fair Value as of End of Period | $1,738 |
Derivative_Financial_Instrumen3
Derivative Financial Instruments (Schedule Of Fair Value Of Derivative Financial Instruments) (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 |
In Thousands, unless otherwise specified | |||
Derivative [Line Items] | ' | ' | ' |
Derivative Assets, Fair Value, Amount not Offset Against Collateral | $41,945 | $47,546 | $50,349 |
Derivative Liabilities, Fair Value, Amount Not Offset Against Collateral | 38,804 | 53,755 | 58,008 |
Other Assets [Member] | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' |
Derivative Assets, Fair Value, Amount not Offset Against Collateral | 57,573 | 53,906 | 65,990 |
Other Assets [Member] | Designated as Hedging Instrument [Member] | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' |
Derivative Assets, Fair Value, Amount not Offset Against Collateral | 1,820 | 106 | 159 |
Other Assets [Member] | Not Designated as Hedging Instrument [Member] | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' |
Derivative Assets, Fair Value, Amount not Offset Against Collateral | 55,753 | 53,800 | 65,831 |
Other Liabilities [Member] | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' |
Derivative Liabilities, Fair Value, Amount Not Offset Against Collateral | 49,300 | 57,751 | 79,977 |
Other Liabilities [Member] | Designated as Hedging Instrument [Member] | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' |
Derivative Liabilities, Fair Value, Amount Not Offset Against Collateral | 3,446 | 7,988 | 9,491 |
Other Liabilities [Member] | Not Designated as Hedging Instrument [Member] | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' |
Derivative Liabilities, Fair Value, Amount Not Offset Against Collateral | 45,854 | 49,763 | 70,486 |
Interest Rate Contract [Member] | Other Assets [Member] | Not Designated as Hedging Instrument [Member] | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' |
Derivative Assets, Fair Value, Amount not Offset Against Collateral | 40,125 | 47,440 | 50,190 |
Interest Rate Contract [Member] | Other Liabilities [Member] | Not Designated as Hedging Instrument [Member] | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' |
Derivative Liabilities, Fair Value, Amount Not Offset Against Collateral | 35,358 | 45,767 | 48,517 |
Interest Rate Lock Commitments [Member] | Other Assets [Member] | Not Designated as Hedging Instrument [Member] | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' |
Derivative Assets, Fair Value, Amount not Offset Against Collateral | 15,599 | 6,069 | 15,614 |
Interest Rate Lock Commitments [Member] | Other Liabilities [Member] | Not Designated as Hedging Instrument [Member] | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' |
Derivative Liabilities, Fair Value, Amount Not Offset Against Collateral | 5,097 | 937 | 10,392 |
Forward Commitments to Sell Mortgage Loans [Member] | Other Assets [Member] | Not Designated as Hedging Instrument [Member] | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' |
Derivative Assets, Fair Value, Amount not Offset Against Collateral | 23 | 277 | 16 |
Forward Commitments to Sell Mortgage Loans [Member] | Other Liabilities [Member] | Not Designated as Hedging Instrument [Member] | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' |
Derivative Liabilities, Fair Value, Amount Not Offset Against Collateral | 5,373 | 3,057 | 11,568 |
Foreign Exchange Contract [Member] | Other Assets [Member] | Not Designated as Hedging Instrument [Member] | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' |
Derivative Assets, Fair Value, Amount not Offset Against Collateral | 6 | 14 | 11 |
Foreign Exchange Contract [Member] | Other Liabilities [Member] | Not Designated as Hedging Instrument [Member] | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' |
Derivative Liabilities, Fair Value, Amount Not Offset Against Collateral | 26 | 2 | 9 |
Cash Flow Hedging [Member] | Interest Rate Contract [Member] | Other Assets [Member] | Designated as Hedging Instrument [Member] | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' |
Derivative Assets, Fair Value, Amount not Offset Against Collateral | 1,738 | 2 | 6 |
Cash Flow Hedging [Member] | Interest Rate Contract [Member] | Other Liabilities [Member] | Designated as Hedging Instrument [Member] | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' |
Derivative Liabilities, Fair Value, Amount Not Offset Against Collateral | 3,444 | 7,988 | 9,491 |
Fair Value Hedging [Member] | Interest Rate Contract [Member] | Other Assets [Member] | Designated as Hedging Instrument [Member] | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' |
Derivative Assets, Fair Value, Amount not Offset Against Collateral | 82 | 104 | 153 |
Fair Value Hedging [Member] | Interest Rate Contract [Member] | Other Liabilities [Member] | Designated as Hedging Instrument [Member] | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' |
Derivative Liabilities, Fair Value, Amount Not Offset Against Collateral | $2 | $0 | $0 |
Derivative_Financial_Instrumen4
Derivative Financial Instruments (Schedule Of Cash Flow Hedging Instruments) (Detail) (USD $) | Sep. 30, 2013 |
In Thousands, unless otherwise specified | |
Derivative [Line Items] | ' |
Notional Amount | $225,000 |
Total Interest Rate Cap [Member] | ' |
Derivative [Line Items] | ' |
Notional Amount | 1,030,030 |
Fair Value Asset (Liability) | 5,985 |
Cash Flow Hedging [Member] | Interest Rate Swap Fifty Million Notional September Two Thousand Sixteen Maturity [Member] | Designated as Hedging Instrument [Member] | ' |
Derivative [Line Items] | ' |
Notional Amount | 50,000 |
Fair Value Asset (Liability) | -2,269 |
Cash Flow Hedging [Member] | Interest Rate Swap Twenty Five Million Notional October Two Thousand Sixteen Maturity [Member] | Designated as Hedging Instrument [Member] | ' |
Derivative [Line Items] | ' |
Notional Amount | 25,000 |
Fair Value Asset (Liability) | -1,175 |
Cash Flow Hedging [Member] | Total Interest Rate Swap [Member] | Designated as Hedging Instrument [Member] | ' |
Derivative [Line Items] | ' |
Notional Amount | 75,000 |
Fair Value Asset (Liability) | -3,444 |
Cash Flow Hedging [Member] | Interest Rate Cap Twenty Million Notional September Two Thousand Fourteen Maturity [Member] | Designated as Hedging Instrument [Member] | ' |
Derivative [Line Items] | ' |
Notional Amount | 20,000 |
Fair Value Asset (Liability) | 0 |
Cash Flow Hedging [Member] | Interest Rate Cap Forty Million Notional September Two Thousand Fourteen Maturity [Member] | Designated as Hedging Instrument [Member] | ' |
Derivative [Line Items] | ' |
Notional Amount | 40,000 |
Fair Value Asset (Liability) | 0 |
Cash Flow Hedging [Member] | Interest Rate Cap Fifty Million Notional September Two Thousand Seventeen Maturity [Member] | Designated as Hedging Instrument [Member] | ' |
Derivative [Line Items] | ' |
Notional Amount | 50,000 |
Fair Value Asset (Liability) | 951 |
Cash Flow Hedging [Member] | Interest Rate Cap Forty Million Notional September Two Thousand Seventeen Maturity [Member] | Designated as Hedging Instrument [Member] | ' |
Derivative [Line Items] | ' |
Notional Amount | 40,000 |
Fair Value Asset (Liability) | 787 |
Cash Flow Hedging [Member] | Total Interest Rate Cap [Member] | Designated as Hedging Instrument [Member] | ' |
Derivative [Line Items] | ' |
Notional Amount | 150,000 |
Fair Value Asset (Liability) | 1,738 |
Cash Flow Hedging [Member] | Interest Rate Swaps and Caps [Member] | Designated as Hedging Instrument [Member] | ' |
Derivative [Line Items] | ' |
Notional Amount | 225,000 |
Fair Value Asset (Liability) | ($1,706) |
Derivative_Financial_Instrumen5
Derivative Financial Instruments (Rollforward Of Amounts In Accumulated Other Comprehensive Income Related To Interest Rate Derivatives Designated As Cash Flow Hedges) (Detail) (Interest Rate Contract [Member], USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Interest Rate Contract [Member] | ' | ' | ' | ' |
Rollforward of AOCI from Cash Flow Hedging Derivatives [Roll Forward] | ' | ' | ' | ' |
Unrealized loss at beginning of period | ($5,030) | ($9,901) | ($8,673) | ($11,633) |
Amount reclassified from accumulated other comprehensive income to interest expense on junior subordinated debentures | 1,507 | 1,471 | 4,629 | 4,324 |
Amount of loss recognized in other comprehensive income | -859 | -1,764 | -338 | -2,885 |
Unrealized loss at end of period | ($4,382) | ($10,194) | ($4,382) | ($10,194) |
Derivative_Financial_Instrumen6
Derivative Financial Instruments (Derivatives Used To Hedge Changes In Fair Value Attributable To Interest Rate Risk) (Detail) (Fair Value Hedging [Member], Designated as Hedging Instrument [Member], Interest Rate Contract [Member], USD $) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | |
Fair Value Hedging [Member] | Designated as Hedging Instrument [Member] | Interest Rate Contract [Member] | ' | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' | ' |
Amount of Gain or (Loss) Recognized in Income on Derivative | ($14,000) | ($229,000) | $42,000 | ($432,000) |
Amount of Gain or (Loss) Recognized in Income on Hedged Item | 14,000 | 266,000 | -33,000 | 482,000 |
Income Statement Gain/(Loss) due to Hedge Ineffectiveness | $0 | $37,000 | $9,000 | $50,000 |
Derivative_Financial_Instrumen7
Derivative Financial Instruments (Summary Amounts Included In Consolidated Statement Of Income Related To Derivatives) (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Interest Rate Swaps and Caps [Member] | Other Income [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Derivative, Gain (Loss) on Derivative, Net | ($1,738) | ($1,025) | $1,182 | ($1,822) |
Mortgage Banking Derivatives [Member] | Mortgage Banking Revenue [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Derivative, Gain (Loss) on Derivative, Net | -6,644 | -295 | 4,352 | 2,068 |
Covered Call Options [Member] | Fees From Covered Call Options [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Derivative, Gain (Loss) on Derivative, Net | 285 | 2,083 | 2,917 | 8,320 |
Foreign Exchange Contract [Member] | Other Income [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Derivative, Gain (Loss) on Derivative, Net | $33 | $2 | ($34) | $59 |
Derivative_Financial_Instrumen8
Derivative Financial Instruments (Derivative Asset and Liability Balance Sheet Offsetting) (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | |||
In Thousands, unless otherwise specified | ||||||
Derivative Assets | ' | ' | ' | |||
Gross Amounts Recognized | $41,945 | $47,546 | $50,349 | |||
Less: Amounts offset in the Statements of Financial Condition | 0 | 0 | 0 | |||
Net amount presented in the Statements of Financial Condition | 41,945 | 47,546 | 50,349 | |||
Offsetting Derivative Positions | -6,362 | -339 | -258 | |||
Securities Collateral Posted | 0 | [1] | 0 | [1] | 0 | [1] |
Cash Collateral Posted | 0 | 0 | 0 | |||
Net Credit Exposure | 35,583 | 47,207 | 50,091 | |||
Derivative Liabilities | ' | ' | ' | |||
Gross Amounts Recognized | 38,804 | 53,755 | 58,008 | |||
Less: Amounts offset in the Statements of Financial Condition | 0 | 0 | 0 | |||
Net amount presented in the Statements of Financial Condition | 38,804 | 53,755 | 58,008 | |||
Offsetting Derivative Positions | -6,362 | -339 | -258 | |||
Securities Collateral Posted | -28,620 | [1] | -46,811 | [1] | -48,735 | [1] |
Cash Collateral Posted | 0 | -6,605 | -7,138 | |||
Net Credit Exposure | $3,822 | $0 | $1,877 | |||
[1] | As of December 31, 2012, the Company posted securities collateral of $49.9 million which resulted in excess collateral with its counterparties. For purposes of this disclosure, the amount of posted collateral is limited to the amount offsetting the derivative liability. |
Derivative_Financial_Instrumen9
Derivative Financial Instruments (Narrative) (Detail) (USD $) | 3 Months Ended | 9 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | |||||||||||||||||
Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | |
Interest Rate Cap [Member] | Interest Rate Cap [Member] | Interest Rate Contract [Member] | Forward Commitments to Sell Mortgage Loans [Member] | Interest Rate Lock Commitments [Member] | Foreign Exchange Contract [Member] | Call Options Written [Member] | Call Options Written [Member] | Call Options Written [Member] | Minimum [Member] | Maximum [Member] | Cash Flow Hedging [Member] | Cash Flow Hedging [Member] | Cash Flow Hedging [Member] | Fair Value Hedging [Member] | Fair Value Hedging [Member] | Fair Value Hedging [Member] | Fair Value Hedging [Member] | Fair Value Hedging [Member] | ||||
De-designated Hedge [Member] | Not Designated as Hedging Instrument [Member] | Not Designated as Hedging Instrument [Member] | derivative_instruments | derivative_instruments | derivative_instruments | Interest Rate Swap [Member] | Interest Rate Cap [Member] | Interest Rate Swaps and Caps [Member] | Interest Rate Swap [Member] | Interest Rate Contract [Member] | Interest Rate Contract [Member] | Interest Rate Contract [Member] | Interest Rate Contract [Member] | |||||||||
contracts | Designated as Hedging Instrument [Member] | Designated as Hedging Instrument [Member] | Designated as Hedging Instrument [Member] | Designated as Hedging Instrument [Member] | Designated as Hedging Instrument [Member] | Designated as Hedging Instrument [Member] | Designated as Hedging Instrument [Member] | Designated as Hedging Instrument [Member] | ||||||||||||||
derivative_instruments | derivative_instruments | derivative_instruments | ||||||||||||||||||||
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of Interest Rate Derivatives Held | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | ' | ' | 2 | 4 | ' | 3 | ' | ' | ' | ' |
Derivative, Number of Instruments Held | ' | ' | ' | ' | 7 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Notional Amount | $225,000,000 | $225,000,000 | ' | $96,500,000 | $880,000,000 | $2,700,000,000 | $653,100,000 | $323,300,000 | $2,600,000 | ' | ' | ' | ' | ' | ' | ' | $225,000,000 | $6,300,000 | ' | ' | ' | ' |
Amount reclassified from accumulated other comprehensive income to interest expense | ' | 2,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Income Statement Gain/(Loss) due to Hedge Ineffectiveness | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 37,000 | 9,000 | 50,000 |
Fair value hedges recognized interest income | 10,000 | 17,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Basis Amortization of Hedged item no longer in a Hedging Relationship | 43,000 | 149,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Derivative, Maturity Date | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 31-Oct-13 | 31-Jan-33 | ' | ' | ' | ' | ' | ' | ' | ' |
Mortgage loans held-for-sale | 334,300,000 | 334,300,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Derivative, Net Liability Position, Aggregate Fair Value | 31,700,000 | 31,700,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Security Owned and Pledged as Collateral, Fair Value | ' | ' | $49,900,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Recovered_Sheet4
Fair Values Of Assets And Liabilities (Summary Of Balances Of Assets And Liabilities Measured At Fair Value On A Recurring Basis) (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 |
In Thousands, unless otherwise specified | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities | $1,781,883 | $1,796,076 | $1,256,768 |
Trading account securities | 259 | 583 | 635 |
Derivative assets | 41,945 | 47,546 | 50,349 |
Derivative liabilities | 38,804 | 53,755 | 58,008 |
US Treasury Securities [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities | 210,902 | 219,487 | 25,256 |
U.S. Government Agencies Debt Securities [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities | 912,689 | 990,039 | 628,184 |
Municipal Bonds [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities | 150,647 | 110,471 | 99,384 |
Asset-backed Securities [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities | 319,193 | 271,574 | 306,238 |
Equity Securities [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities | 49,271 | 49,699 | 40,717 |
Fair Value, Measurements, Recurring [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Trading account securities | 259 | 583 | 635 |
Mortgage loans held-for-sale | 329,186 | 385,033 | 548,300 |
Mortgage servicing rights | 8,608 | 6,750 | 6,276 |
Nonqualified deferred compensation assets | 6,801 | 5,532 | 5,438 |
Derivative assets | 57,573 | 53,906 | 65,990 |
Total | 2,184,310 | 2,247,880 | 1,883,407 |
Derivative liabilities | 49,300 | 57,751 | 79,977 |
Fair Value, Measurements, Recurring [Member] | US Treasury Securities [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities | 210,902 | 219,487 | 25,256 |
Fair Value, Measurements, Recurring [Member] | U.S. Government Agencies Debt Securities [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities | 912,689 | 990,039 | 628,184 |
Fair Value, Measurements, Recurring [Member] | Municipal Bonds [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities | 150,647 | 110,471 | 99,384 |
Fair Value, Measurements, Recurring [Member] | Corporate Notes And Other [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities | 139,181 | 154,806 | 156,989 |
Fair Value, Measurements, Recurring [Member] | Asset-backed Securities [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities | 319,193 | 271,574 | 306,238 |
Fair Value, Measurements, Recurring [Member] | Equity Securities [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities | 49,271 | 49,699 | 40,717 |
Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Trading account securities | ' | ' | ' |
Mortgage loans held-for-sale | ' | ' | ' |
Mortgage servicing rights | ' | ' | ' |
Nonqualified deferred compensation assets | ' | ' | ' |
Derivative assets | ' | ' | ' |
Total | ' | ' | ' |
Derivative liabilities | ' | ' | ' |
Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | US Treasury Securities [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities | ' | ' | ' |
Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | U.S. Government Agencies Debt Securities [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities | ' | ' | ' |
Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | Municipal Bonds [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities | ' | ' | ' |
Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | Corporate Notes And Other [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities | ' | ' | ' |
Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | Asset-backed Securities [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities | ' | ' | ' |
Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | Equity Securities [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities | ' | ' | ' |
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Trading account securities | 259 | 583 | 635 |
Mortgage loans held-for-sale | 329,186 | 385,033 | 548,300 |
Mortgage servicing rights | 0 | 0 | 0 |
Nonqualified deferred compensation assets | 6,801 | 5,532 | 5,438 |
Derivative assets | 57,573 | 53,906 | 65,990 |
Total | 2,122,572 | 2,188,191 | 1,819,121 |
Derivative liabilities | 49,300 | 57,751 | 79,977 |
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | US Treasury Securities [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities | 210,902 | 219,487 | 25,256 |
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | U.S. Government Agencies Debt Securities [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities | 912,689 | 990,039 | 628,184 |
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | Municipal Bonds [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities | 117,959 | 79,701 | 63,629 |
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | Corporate Notes And Other [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities | 139,181 | 154,806 | 156,989 |
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | Asset-backed Securities [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities | 319,193 | 271,574 | 306,238 |
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | Equity Securities [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities | 28,829 | 27,530 | 18,462 |
Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Trading account securities | 0 | 0 | 0 |
Mortgage loans held-for-sale | 0 | 0 | 0 |
Mortgage servicing rights | 8,608 | 6,750 | 6,276 |
Nonqualified deferred compensation assets | 0 | 0 | 0 |
Derivative assets | 0 | 0 | 0 |
Total | 61,738 | 59,689 | 64,286 |
Derivative liabilities | 0 | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | US Treasury Securities [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities | 0 | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | U.S. Government Agencies Debt Securities [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities | 0 | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | Municipal Bonds [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities | 32,688 | 30,770 | 35,755 |
Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | Corporate Notes And Other [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities | 0 | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | Asset-backed Securities [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities | 0 | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | Equity Securities [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities | $20,442 | $22,169 | $22,255 |
Recovered_Sheet5
Fair Values Of Assets And Liabilities (Summary Of Changes In Level 3 Assets And Liabilities Measured At Fair Value On A Recurring Basis) (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||||||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | ||||
Mortgage Servicing Rights [Member] | ' | ' | ' | ' | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ' | ' | ' | ' | ||||
Beginning Balance | $8,636 | $6,647 | $6,750 | $6,700 | ||||
Total net gains (losses) included in Net income | -28 | [1] | -371 | [1] | 1,858 | [1] | -424 | [1] |
Total net gains (losses) included in Other comprehensive income | ' | ' | ' | ' | ||||
Purchases | ' | ' | ' | ' | ||||
issuances | ' | ' | ' | ' | ||||
Sales | ' | ' | ' | ' | ||||
Settlements | ' | ' | ' | ' | ||||
Net transfers into Level 3 | ' | ' | ' | ' | ||||
Ending Balance | 8,608 | 6,276 | 8,608 | 6,276 | ||||
Municipal Bonds [Member] | ' | ' | ' | ' | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ' | ' | ' | ' | ||||
Beginning Balance | 32,432 | 25,537 | 30,770 | 24,211 | ||||
Total net gains (losses) included in Net income | ' | ' | ' | ' | ||||
Total net gains (losses) included in Other comprehensive income | -2 | 14 | -316 | 50 | ||||
Purchases | 6,225 | 10,204 | 8,572 | 14,044 | ||||
issuances | ' | ' | ' | ' | ||||
Sales | ' | ' | ' | ' | ||||
Settlements | -5,967 | 0 | -6,338 | -148 | ||||
Net transfers into Level 3 | ' | 0 | [2] | ' | -2,402 | [2] | ||
Ending Balance | 32,688 | 35,755 | 32,688 | 35,755 | ||||
Equity Securities [Member] | ' | ' | ' | ' | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ' | ' | ' | ' | ||||
Beginning Balance | 22,428 | 20,218 | 22,169 | 18,971 | ||||
Total net gains (losses) included in Net income | ' | ' | ' | ' | ||||
Total net gains (losses) included in Other comprehensive income | -1,986 | 2,037 | -1,727 | 3,284 | ||||
Purchases | ' | ' | ' | ' | ||||
issuances | ' | ' | ' | ' | ||||
Sales | ' | ' | ' | ' | ||||
Settlements | ' | ' | ' | ' | ||||
Net transfers into Level 3 | ' | ' | ' | ' | ||||
Ending Balance | $20,442 | $22,255 | $20,442 | $22,255 | ||||
[1] | Changes in the balance of mortgage servicing rights are recorded as a component of mortgage banking revenue in non-interest income. | |||||||
[2] | Equity securitiesB Mortgageservicing rights(Dollars in thousands)Municipal Balance at January 1, 2012$24,211B $18,971B $6,700Total net gains (losses) included in: Net loss (1)bB bB (424)Other comprehensive income50B 3,284B bPurchases14,044B bB bIssuancesbB bB bSalesbB bB bSettlements(148)B bB bNet transfers out of Level 3 (2)(2,402)B bB bBalance at September 30, 2012$35,755B $22,255B $6,276 |
Fair_Values_Of_Assets_And_Liab2
Fair Values Of Assets And Liabilities (Summary Of Assets Measured At Fair Value On A Nonrecurring Basis) (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2013 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Mortgage loans held-for-sale, at lower of cost or market | $334,300 | $334,300 | ||
Fair Value Losses Recognized, Impaired loansbcollateral based | 8,380 | 24,430 | ||
Fair Value Losses Recognized, Other real estate owned | 2,269 | [1] | 8,403 | [1] |
Fair Value Losses Recognized, Mortgage loans held-for-sale, at lower of cost or market | 0 | 0 | ||
Fair Value Losses Recognized, Total | 10,649 | 32,833 | ||
Fair Value, Measurements, Nonrecurring [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Impaired loans - collateral based | 97,093 | 97,093 | ||
Other real estate owned | 142,287 | 142,287 | ||
Mortgage loans held-for-sale, at lower of cost or market | 5,159 | 5,159 | ||
Total | 244,539 | 244,539 | ||
Fair Value, Measurements, Nonrecurring [Member] | Level 1 [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Impaired loans - collateral based | 0 | 0 | ||
Other real estate owned | 0 | 0 | ||
Mortgage loans held-for-sale, at lower of cost or market | 0 | 0 | ||
Total | 0 | 0 | ||
Fair Value, Measurements, Nonrecurring [Member] | Level 2 [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Impaired loans - collateral based | 0 | 0 | ||
Other real estate owned | 0 | 0 | ||
Mortgage loans held-for-sale, at lower of cost or market | 5,159 | 5,159 | ||
Total | 5,159 | 5,159 | ||
Fair Value, Measurements, Nonrecurring [Member] | Level 3 [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Impaired loans - collateral based | 97,093 | 97,093 | ||
Other real estate owned | 142,287 | 142,287 | ||
Mortgage loans held-for-sale, at lower of cost or market | 0 | 0 | ||
Total | $239,380 | $239,380 | ||
[1] | Fair value losses recognized on other real estate owned include valuation adjustments and charge-offs during the respective period. |
Fair_Value_Of_Assets_and_Liabi
Fair Value Of Assets and Liabilities (Schedule Of Valuation Techniques And Significant Unobservable Inputs Used To Measure Both Recurring And Non-Recurring) (Detail) (USD $) | 3 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ' | ' | ' |
Available-for-sale securities | $1,781,883 | $1,796,076 | $1,256,768 |
Fair Value, Measurements, Recurring [Member] | ' | ' | ' |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ' | ' | ' |
Mortgage servicing rights | 8,608 | 6,750 | 6,276 |
Fair Value, Measurements, Nonrecurring [Member] | ' | ' | ' |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ' | ' | ' |
Impaired loans - collateral based | 97,093 | ' | ' |
Other real estate owned | 142,287 | ' | ' |
Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' | ' |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ' | ' | ' |
Mortgage servicing rights | 8,608 | 6,750 | 6,276 |
Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ' | ' | ' |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ' | ' | ' |
Impaired loans - collateral based | 97,093 | ' | ' |
Other real estate owned | 142,287 | ' | ' |
Impaired Loans [Member] | Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ' | ' | ' |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ' | ' | ' |
Valuation Methodology | 'Appraisal value | ' | ' |
Other Real Estate Owned [Member] | Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ' | ' | ' |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ' | ' | ' |
Valuation Methodology | 'Appraisal value | ' | ' |
Significant Unobservable Input | 'Property specific impairment adjustment | ' | ' |
Level 3 Fair Value Measurements Range of Inputs | '0%-48% | ' | ' |
Weighted Average of Inputs | 1.87% | ' | ' |
Impact to valuation from an increased or higher input value | 'Decrease | ' | ' |
Municipal Bonds [Member] | ' | ' | ' |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ' | ' | ' |
Available-for-sale securities | 150,647 | 110,471 | 99,384 |
Municipal Bonds [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' | ' |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ' | ' | ' |
Available-for-sale securities | 150,647 | 110,471 | 99,384 |
Municipal Bonds [Member] | Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' | ' |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ' | ' | ' |
Available-for-sale securities | 32,688 | 30,770 | 35,755 |
Valuation Methodology | 'Bond pricing | ' | ' |
Significant Unobservable Input | 'Equivalent rating | ' | ' |
Level 3 Fair Value Measurements Range of Inputs | 'BBB-AA+ | ' | ' |
Impact to valuation from an increased or higher input value | 'Increase | ' | ' |
Equity Securities [Member] | ' | ' | ' |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ' | ' | ' |
Available-for-sale securities | 49,271 | 49,699 | 40,717 |
Equity Securities [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' | ' |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ' | ' | ' |
Available-for-sale securities | 49,271 | 49,699 | 40,717 |
Equity Securities [Member] | Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' | ' |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ' | ' | ' |
Available-for-sale securities | $20,442 | $22,169 | $22,255 |
Valuation Methodology | 'Discounted cash flows | ' | ' |
Significant Unobservable Input | 'Discount rate | ' | ' |
Level 3 Fair Value Measurements Range of Inputs | '1.83%-2.71% | ' | ' |
Weighted Average of Inputs | 2.28% | ' | ' |
Impact to valuation from an increased or higher input value | 'Decrease | ' | ' |
Minimum [Member] | Other Real Estate Owned [Member] | Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ' | ' | ' |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ' | ' | ' |
Fair Value Inputs, Discount Rate | 0.00% | ' | ' |
Minimum [Member] | Equity Securities [Member] | Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' | ' |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ' | ' | ' |
Fair Value Inputs, Discount Rate | 1.83% | ' | ' |
Maximum [Member] | Other Real Estate Owned [Member] | Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ' | ' | ' |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ' | ' | ' |
Fair Value Inputs, Discount Rate | 48.00% | ' | ' |
Maximum [Member] | Equity Securities [Member] | Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' | ' |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ' | ' | ' |
Fair Value Inputs, Discount Rate | 2.71% | ' | ' |
Mortgage Servicing Rights [Member] | Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' | ' |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ' | ' | ' |
Valuation Methodology | 'Discounted cash flows | ' | ' |
Mortgage Servicing Rights [Member] | Minimum [Member] | Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' | ' |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ' | ' | ' |
Fair Value Inputs, Discount Rate | 10.00% | ' | ' |
Fair Value Inputs, Prepayment Rate | 11.00% | ' | ' |
Mortgage Servicing Rights [Member] | Maximum [Member] | Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' | ' |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ' | ' | ' |
Fair Value Inputs, Discount Rate | 13.50% | ' | ' |
Fair Value Inputs, Prepayment Rate | 17.00% | ' | ' |
Mortgage Servicing Rights Discount Rate Input [Member] | Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' | ' |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ' | ' | ' |
Significant Unobservable Input | 'Discount rate | ' | ' |
Level 3 Fair Value Measurements Range of Inputs | '10%-13.5% | ' | ' |
Weighted Average of Inputs | 10.17% | ' | ' |
Impact to valuation from an increased or higher input value | 'Decrease | ' | ' |
Mortgage Servicing Rights Prepayment Rate Input [Member] | Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' | ' |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ' | ' | ' |
Significant Unobservable Input | 'Constant prepayment rate (CPR) | ' | ' |
Level 3 Fair Value Measurements Range of Inputs | '11%-17% | ' | ' |
Weighted Average of Inputs | 13.55% | ' | ' |
Impact to valuation from an increased or higher input value | 'Decrease | ' | ' |
Recovered_Sheet6
Fair Value Of Assets And Liabilities (Summary Of Carrying Amounts And Estimated Fair Values Of Financial Instruments) (Detail) (USD $) | Sep. 30, 2013 | Jun. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2011 |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' | ' |
Interest bearing deposits with banks | $681,834,000 | ' | $1,035,743,000 | $934,430,000 | ' | ' |
Available-for-sale securities | 1,781,883,000 | ' | 1,796,076,000 | 1,256,768,000 | ' | ' |
Trading account securities | 259,000 | ' | 583,000 | 635,000 | ' | ' |
Brokerage customer receivables | 29,253,000 | ' | 24,864,000 | 30,633,000 | ' | ' |
Mortgage loans held-for-sale, at lower of cost or market | 5,159,000 | ' | 27,167,000 | 21,685,000 | ' | ' |
FDIC Indemnification asset | 100,313,000 | 137,681,000 | 208,160,000 | 238,305,000 | 222,568,000 | 344,251,000 |
Federal Home Loan Bank advances | 387,852,000 | ' | 414,122,000 | 414,211,000 | ' | ' |
Subordinated notes | 10,000,000 | ' | 15,000,000 | 15,000,000 | ' | ' |
Other borrowings | 246,870,000 | ' | 274,411,000 | 377,229,000 | ' | ' |
Junior subordinated debentures | 249,493,000 | ' | 249,493,000 | 249,493,000 | ' | ' |
Carrying Value [Member] | ' | ' | ' | ' | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' | ' |
Cash and cash equivalents | 330,637,000 | ' | 315,028,000 | 212,814,000 | ' | ' |
Interest bearing deposits with banks | 681,834,000 | ' | 1,035,743,000 | 934,430,000 | ' | ' |
Available-for-sale securities | 1,781,883,000 | ' | 1,796,076,000 | 1,256,768,000 | ' | ' |
Trading account securities | 259,000 | ' | 583,000 | 635,000 | ' | ' |
Brokerage customer receivables | 29,253,000 | ' | 24,864,000 | 30,633,000 | ' | ' |
Federal Home Loan Bank and Federal Reserve Bank stock, at cost | 76,755,000 | ' | 79,564,000 | 80,687,000 | ' | ' |
Mortgage loans held-for-sale, at fair value | 329,186,000 | ' | 385,033,000 | 548,300,000 | ' | ' |
Mortgage loans held-for-sale, at lower of cost or market | 5,159,000 | ' | 27,167,000 | 21,685,000 | ' | ' |
Total loans | 12,997,027,000 | ' | 12,389,030,000 | 12,147,425,000 | ' | ' |
Mortgage servicing rights | 8,608,000 | ' | 6,750,000 | 6,276,000 | ' | ' |
Nonqualified deferred compensation assets | 6,801,000 | ' | 5,532,000 | 5,438,000 | ' | ' |
Derivative assets | 57,573,000 | ' | 53,906,000 | 65,990,000 | ' | ' |
FDIC Indemnification asset | 100,313,000 | ' | 208,160,000 | 238,305,000 | ' | ' |
Accrued interest receivable and other | 165,209,000 | ' | 157,157,000 | 157,923,000 | ' | ' |
Total financial assets | 16,570,497,000 | ' | 16,484,593,000 | 15,707,309,000 | ' | ' |
Non-maturity deposits | 10,386,493,000 | ' | 9,447,633,000 | 8,736,432,000 | ' | ' |
Deposits with stated maturities | 4,260,953,000 | ' | 4,980,911,000 | 5,111,533,000 | ' | ' |
Notes payable | 1,546,000 | ' | 2,093,000 | 2,275,000 | ' | ' |
Federal Home Loan Bank advances | 387,852,000 | ' | 414,122,000 | 414,211,000 | ' | ' |
Subordinated notes | 10,000,000 | ' | 15,000,000 | 15,000,000 | ' | ' |
Other borrowings | 246,870,000 | ' | 274,411,000 | 377,229,000 | ' | ' |
Junior subordinated debentures | 249,493,000 | ' | 249,493,000 | 249,493,000 | ' | ' |
Derivative liabilities | 49,300,000 | ' | 57,751,000 | 79,977,000 | ' | ' |
Accrued interest payable and other | 7,758,000 | ' | 11,589,000 | 11,133,000 | ' | ' |
Total financial liabilities | 15,600,265,000 | ' | 15,453,003,000 | 14,997,283,000 | ' | ' |
Estimate of Fair Value Measurement [Member] | ' | ' | ' | ' | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' | ' |
Cash and cash equivalents | 330,637,000 | ' | 315,028,000 | 212,814,000 | ' | ' |
Interest bearing deposits with banks | 681,834,000 | ' | 1,035,743,000 | 934,430,000 | ' | ' |
Available-for-sale securities | 1,781,883,000 | ' | 1,796,076,000 | 1,256,768,000 | ' | ' |
Trading account securities | 259,000 | ' | 583,000 | 635,000 | ' | ' |
Brokerage customer receivables | 29,253,000 | ' | 24,864,000 | 30,633,000 | ' | ' |
Federal Home Loan Bank and Federal Reserve Bank stock, at cost | 76,755,000 | ' | 79,564,000 | 80,687,000 | ' | ' |
Mortgage loans held-for-sale, at fair value | 329,186,000 | ' | 385,033,000 | 548,300,000 | ' | ' |
Mortgage loans held-for-sale, at lower of cost or market | 5,218,000 | ' | 27,568,000 | 22,042,000 | ' | ' |
Total loans | 13,576,959,000 | ' | 13,053,101,000 | 12,835,354,000 | ' | ' |
Mortgage servicing rights | 8,608,000 | ' | 6,750,000 | 6,276,000 | ' | ' |
Nonqualified deferred compensation assets | 6,801,000 | ' | 5,532,000 | 5,438,000 | ' | ' |
Derivative assets | 57,573,000 | ' | 53,906,000 | 65,990,000 | ' | ' |
FDIC Indemnification asset | 100,313,000 | ' | 208,160,000 | 238,305,000 | ' | ' |
Accrued interest receivable and other | 165,209,000 | ' | 157,157,000 | 157,923,000 | ' | ' |
Total financial assets | 17,150,488,000 | ' | 17,149,065,000 | 16,395,595,000 | ' | ' |
Non-maturity deposits | 10,386,493,000 | ' | 9,447,633,000 | 8,736,432,000 | ' | ' |
Deposits with stated maturities | 4,272,459,000 | ' | 5,013,757,000 | 5,149,824,000 | ' | ' |
Notes payable | 1,546,000 | ' | 2,093,000 | 2,275,000 | ' | ' |
Federal Home Loan Bank advances | 393,602,000 | ' | 425,431,000 | 427,006,000 | ' | ' |
Subordinated notes | 10,000,000 | ' | 15,000,000 | 15,000,000 | ' | ' |
Other borrowings | 246,870,000 | ' | 274,411,000 | 377,229,000 | ' | ' |
Junior subordinated debentures | 250,751,000 | ' | 250,428,000 | 250,385,000 | ' | ' |
Derivative liabilities | 49,300,000 | ' | 57,751,000 | 79,977,000 | ' | ' |
Accrued interest payable and other | 7,758,000 | ' | 11,589,000 | 11,133,000 | ' | ' |
Total financial liabilities | $15,618,779,000 | ' | $15,498,093,000 | $15,049,261,000 | ' | ' |
Fair_Values_Of_Assets_And_Liab3
Fair Values Of Assets And Liabilities (Narrative) (Detail) (USD $) | 3 Months Ended | ||
Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities | $1,781,883,000 | $1,796,076,000 | $1,256,768,000 |
Mortgages held for sale, past due 90 days and accruing | 0 | 0 | 0 |
Total impaired loans | 176,298,000 | 204,545,000 | 233,014,000 |
Municipal Bonds [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities | 150,647,000 | 110,471,000 | 99,384,000 |
Equity Securities [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities | 49,271,000 | 49,699,000 | 40,717,000 |
Fair Value, Measurements, Recurring [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Mortgage servicing rights | 8,608,000 | 6,750,000 | 6,276,000 |
Mortgage loans held-for-sale | 329,186,000 | 385,033,000 | 548,300,000 |
Fair Value, Measurements, Recurring [Member] | Municipal Bonds [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities | 150,647,000 | 110,471,000 | 99,384,000 |
Fair Value, Measurements, Recurring [Member] | Equity Securities [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities | 49,271,000 | 49,699,000 | 40,717,000 |
Fair Value, Measurements, Nonrecurring [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Impaired Loans Fair Value Disclosure | 97,093,000 | ' | ' |
Other real estate owned | 142,287,000 | ' | ' |
Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Mortgage servicing rights | 8,608,000 | 6,750,000 | 6,276,000 |
Mortgage loans held-for-sale | 0 | 0 | 0 |
Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Municipal Bonds [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities | 32,688,000 | 30,770,000 | 35,755,000 |
Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Equity Securities [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Available-for-sale securities | 20,442,000 | 22,169,000 | 22,255,000 |
Level Three Fair Value Measurements Weighted Average Percentage | 2.28% | ' | ' |
Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Equity Securities [Member] | Minimum [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Fair Value Inputs, Discount Rate | 1.83% | ' | ' |
Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Equity Securities [Member] | Maximum [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Fair Value Inputs, Discount Rate | 2.71% | ' | ' |
Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Equity Securities [Member] | Weighted Average [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Fair Value Inputs, Discount Rate | 2.28% | ' | ' |
Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Impaired Loans Fair Value Disclosure | 97,093,000 | ' | ' |
Other real estate owned | 142,287,000 | ' | ' |
Level 3 [Member] | Other Real Estate Owned [Member] | Fair Value, Measurements, Nonrecurring [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Level Three Fair Value Measurements Weighted Average Percentage | 1.87% | ' | ' |
Level 3 [Member] | Other Real Estate Owned [Member] | Fair Value, Measurements, Nonrecurring [Member] | Minimum [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Fair Value Inputs, Discount Rate | 0.00% | ' | ' |
Level 3 [Member] | Other Real Estate Owned [Member] | Fair Value, Measurements, Nonrecurring [Member] | Maximum [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Fair Value Inputs, Discount Rate | 48.00% | ' | ' |
Estimate of Fair Value Measurement [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Remaining contractual principal balance outstanding, mortgage loans held-for-sale | 310,300,000 | 379,500,000 | 537,200,000 |
Valued Using Discounted Cash Flow Model [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Total impaired loans | $79,200,000 | ' | ' |
Mortgage Servicing Rights [Member] | Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Minimum [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Fair Value Inputs, Discount Rate | 10.00% | ' | ' |
Fair Value Inputs, Prepayment Rate | 11.00% | ' | ' |
Mortgage Servicing Rights [Member] | Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Maximum [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Fair Value Inputs, Discount Rate | 13.50% | ' | ' |
Fair Value Inputs, Prepayment Rate | 17.00% | ' | ' |
Mortgage Servicing Rights [Member] | Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Weighted Average [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Fair Value Inputs, Discount Rate | 10.17% | ' | ' |
Fair Value Inputs, Prepayment Rate | 13.55% | ' | ' |
StockBased_Compensation_Plans_1
Stock-Based Compensation Plans (Weighted Average Assumptions Used To Determine The Options Fair Value) (Detail) | 9 Months Ended | |
Sep. 30, 2013 | Sep. 30, 2012 | |
Share-based Compensation [Abstract] | ' | ' |
Expected dividend yield | 0.50% | 0.60% |
Expected volatility | 59.10% | 62.60% |
Risk-free rate | 0.70% | 0.70% |
Expected option life (in years) | '4 years 6 months | '4 years 6 months |
StockBased_Compensation_Plans_2
Stock-Based Compensation Plans (Summary Of Stock Option Activity) (Detail) (USD $) | 9 Months Ended | |||
In Thousands, except Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward] | ' | ' | ||
Common Shares, Outstanding at beginning of the period | 1,745,427 | 2,064,534 | ||
Common Shares, Granted | 235,002 | 250,997 | ||
Common Shares, Exercised | -78,184 | -421,426 | ||
Common Shares, Forfeited or canceled | -45,818 | -50,235 | ||
Common Shares, Outstanding at end of the period | 1,856,427 | 1,843,870 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Roll Forward] | ' | ' | ||
Weighted Average Strike Price, Outstanding at beginning of period | $42.31 | $38.83 | ||
Weighted Average Strike Price, Granted | $37.97 | $31.16 | ||
Weighted Average Strike Price, Exercised | $28.50 | $20.27 | ||
Weighted Average Strike Price, Forfeited or canceled | $45.18 | $36.42 | ||
Weighted Average Strike Price, Outstanding at end of period | $42.27 | $42.09 | ||
Stock Options, Exercisable | 1,845,560 | 1,840,731 | ||
Stock Options, Weighted Average Strike Price, Exercisable | $42.32 | $42.11 | ||
Stock Options, Remaining Contractual Term, Outstanding, Years | '2 years 4 months 24 days | [1] | '3 years 2 months 12 days | [1] |
Stock Options, Remaining Contractual Term, Exercisable, Years | '2 years 4 months 24 days | [1] | '3 years 2 months 12 days | [1] |
Stock Options, Intrinsic Value, Outstanding | $6,786 | [2] | $5,029 | [2] |
Stock Options, Intrinsic Value, Exercisable | $6,710 | [2] | $5,010 | [2] |
[1] | Represents the remaining weighted average contractual life in years. | |||
[2] |
StockBased_Compensation_Plans_3
Stock-Based Compensation Plans (Summary Of Plans' Restricted Share And Performance-Vested Stock Award Activity) (Detail) (USD $) | 9 Months Ended | |||
Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Dec. 31, 2011 | |
Restricted Stock [Member] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward] | ' | ' | ' | ' |
Shares, Beginning of the Period | 314,226 | 336,709 | ' | ' |
Shares, Granted | 10,617 | 109,557 | ' | ' |
Shares, Vested and issued | -135,767 | -123,629 | ' | ' |
Shares, Forfeited | -1,236 | -1,353 | ' | ' |
Shares, Outstanding, End of the Period | 187,840 | 321,284 | ' | ' |
Shares, Vested, but not issuable | 85,000 | 85,320 | ' | ' |
Weighted Average Grant-Date Fair Value | $42.51 | $37.76 | $37.99 | $38.29 |
Weighted Average Grant-Date Fair Value, Granted | $40.86 | $32.31 | ' | ' |
Weighted Average Grant-Date Fair Value, Vested and issued | $31.97 | $34.46 | ' | ' |
Weighted Average Grant-Date Fair Value, Forfeited | $35.02 | $30.99 | ' | ' |
Weighted Average Grant-Date Fair Value, Vested, but not issuable | $51.88 | $51.80 | ' | ' |
Performance Shares [Member] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward] | ' | ' | ' | ' |
Shares, Beginning of the Period | 153,915 | 72,158 | ' | ' |
Shares, Granted | 105,825 | 119,476 | ' | ' |
Shares, Vested and issued | 0 | 0 | ' | ' |
Net change due to estimated performance | 21,249 | -19,651 | ' | ' |
Shares, Forfeited | -6,115 | -3,897 | ' | ' |
Shares, Outstanding, End of the Period | 232,376 | 207,388 | ' | ' |
Weighted Average Grant-Date Fair Value | $34.10 | $31.78 | $31.78 | $33.25 |
Weighted Average Grant-Date Fair Value, Granted | $37.87 | $31.10 | ' | ' |
Weighted Average Grant-Date Fair Value, Vested and issued | $0 | $0 | ' | ' |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options, Net Decrease Due To Estimated Performance In Period Weighted Average Grant Date Fair Value | $36.05 | $30.55 | ' | ' |
Weighted Average Grant-Date Fair Value, Forfeited | $34.29 | $32.07 | ' | ' |
StockBased_Compensation_Plans_4
Stock-Based Compensation Plans (Narrative) (Detail) (USD $) | 3 Months Ended | 9 Months Ended | 9 Months Ended | 9 Months Ended | ||||||||||||||||||||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | 31-May-11 | 31-May-09 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Dec. 31, 2011 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Dec. 31, 2011 | Sep. 30, 2013 | |
Two Thousand And Seven Plan [Member] | Two Thousand And Seven Plan [Member] | Two Thousand And Seven Plan [Member] | Two Thousand And Seven Plan [Member] | Two Thousand And Seven Plan [Member] | Nineteen Ninety Seven Plan [Member] | Restricted Stock [Member] | Restricted Stock [Member] | Restricted Stock [Member] | Restricted Stock [Member] | Restricted Stock [Member] | Restricted Stock [Member] | Ltip Awards [Member] | Ltip Awards [Member] | Ltip Awards [Member] | Performance Shares [Member] | Performance Shares [Member] | Performance Shares [Member] | Performance Shares [Member] | Performance Shares [Member] | |||||
Minimum [Member] | Maximum [Member] | Minimum [Member] | Maximum [Member] | Minimum [Member] | Maximum [Member] | Maximum [Member] | ||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Shares approved for issuance | ' | ' | ' | ' | 500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Shares additionally approved for issuance | ' | ' | ' | ' | ' | 2,860,000 | 325,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Shares available for future grants | ' | ' | ' | ' | 695,363 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Award vesting period, maximum, years | ' | ' | ' | ' | ' | ' | ' | '3 years | '5 years | ' | ' | ' | ' | ' | '1 year | '5 years | '3 years | ' | ' | ' | ' | ' | ' | ' |
Share based payment award options term | ' | ' | ' | ' | '7 years | ' | ' | ' | ' | '10 years | ' | ' | ' | ' | ' | ' | '7 years | ' | ' | ' | ' | ' | ' | ' |
Percentage of performance based award payouts | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.00% | 200.00% | ' | ' | ' | ' | ' |
Allocated Share-based Compensation Expense | $2,000,000 | $2,600,000 | $6,500,000 | $7,200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Weighted average grant date fair value per share of options granted | $17.49 | $14.55 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Aggregate intrinsic value of options exercised | ' | $4,900,000 | $777,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Maximum number of performance-vested shares that could be issued | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 187,840 | 314,226 | 321,284 | 336,709 | ' | ' | ' | ' | ' | 232,376 | 153,915 | 207,388 | 72,158 | 625,000 |
Recovered_Sheet7
Shareholders' Equity And Earnings Per Share (Aggregate Fair Values Assigned To Each Component Of Tangible Equity Units Offering) (Detail) (USD $) | 12 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2010 | Dec. 07, 2010 | |
DisclosureShareholdersEquityAndEarningsPerShareAggregateFairValuesAssignedToEachComponent [Line Items] | ' | ' | |
Units issued | ' | 4,600 | [1] |
Unit price | ' | $50 | |
Gross proceeds | ' | $230,000 | |
Issuance costs, including discount | ' | 7,353 | |
Net proceeds | 222,647 | ' | |
Equity Component | ' | ' | |
DisclosureShareholdersEquityAndEarningsPerShareAggregateFairValuesAssignedToEachComponent [Line Items] | ' | ' | |
Units issued | ' | 4,600 | [1] |
Unit price | ' | $40.27 | |
Gross proceeds | ' | 185,250 | |
Issuance costs, including discount | ' | 5,934 | |
Net proceeds | 179,316 | ' | |
Debt Component | ' | ' | |
DisclosureShareholdersEquityAndEarningsPerShareAggregateFairValuesAssignedToEachComponent [Line Items] | ' | ' | |
Units issued | ' | 4,600 | [1] |
Unit price | ' | $9.73 | |
Gross proceeds | ' | 44,750 | |
Issuance costs, including discount | ' | 1,419 | |
Net proceeds | 43,331 | ' | |
Other borrowings | ' | ' | |
DisclosureShareholdersEquityAndEarningsPerShareAggregateFairValuesAssignedToEachComponent [Line Items] | ' | ' | |
Net proceeds | 43,331 | ' | |
Other borrowings | Equity Component | ' | ' | |
DisclosureShareholdersEquityAndEarningsPerShareAggregateFairValuesAssignedToEachComponent [Line Items] | ' | ' | |
Net proceeds | 0 | ' | |
Other borrowings | Debt Component | ' | ' | |
DisclosureShareholdersEquityAndEarningsPerShareAggregateFairValuesAssignedToEachComponent [Line Items] | ' | ' | |
Net proceeds | 43,331 | ' | |
Surplus | ' | ' | |
DisclosureShareholdersEquityAndEarningsPerShareAggregateFairValuesAssignedToEachComponent [Line Items] | ' | ' | |
Net proceeds | 179,316 | ' | |
Surplus | Equity Component | ' | ' | |
DisclosureShareholdersEquityAndEarningsPerShareAggregateFairValuesAssignedToEachComponent [Line Items] | ' | ' | |
Net proceeds | 179,316 | ' | |
Surplus | Debt Component | ' | ' | |
DisclosureShareholdersEquityAndEarningsPerShareAggregateFairValuesAssignedToEachComponent [Line Items] | ' | ' | |
Net proceeds | $0 | ' | |
[1] | TEUs consist of two components: one unit of the equity component and one unit of the debt component. |
Recovered_Sheet8
Shareholders' Equity And Earnings Per Share (Market Value Of Company Common Stock And Settlement Rate) (Detail) (USD $) | 9 Months Ended |
Sep. 30, 2013 | |
Applicable market value of Company common stock - Less than or equal to thirty dollars | ' |
Financial Instruments Subject to Mandatory Redemption by Settlement Terms [Line Items] | ' |
Settlement Rate, per share | 1.6666 |
Applicable market value of Company common stock - Greater than thirty dollars but less than thirty seven point five zero dollars | ' |
Financial Instruments Subject to Mandatory Redemption by Settlement Terms [Line Items] | ' |
Settlement Rate, Market Value | 50 |
Applicable market value of Company common stock - Greater than or equal to thirty seven point five zero dollars | ' |
Financial Instruments Subject to Mandatory Redemption by Settlement Terms [Line Items] | ' |
Settlement Rate, per share | 1.3333 |
Minimum [Member] | ' |
Financial Instruments Subject to Mandatory Redemption by Settlement Terms [Line Items] | ' |
Settlement Rate, per share | 1.3333 |
Minimum [Member] | Applicable market value of Company common stock - Less than or equal to thirty dollars | ' |
Financial Instruments Subject to Mandatory Redemption by Settlement Terms [Line Items] | ' |
Applicable market value of Company common stock | 30 |
Minimum [Member] | Applicable market value of Company common stock - Greater than thirty dollars but less than thirty seven point five zero dollars | ' |
Financial Instruments Subject to Mandatory Redemption by Settlement Terms [Line Items] | ' |
Applicable market value of Company common stock | 30 |
Minimum [Member] | Applicable market value of Company common stock - Greater than or equal to thirty seven point five zero dollars | ' |
Financial Instruments Subject to Mandatory Redemption by Settlement Terms [Line Items] | ' |
Settlement Rate, per share | 1.3333 |
Maximum [Member] | ' |
Financial Instruments Subject to Mandatory Redemption by Settlement Terms [Line Items] | ' |
Settlement Rate, per share | 1.6666 |
Maximum [Member] | Applicable market value of Company common stock - Less than or equal to thirty dollars | ' |
Financial Instruments Subject to Mandatory Redemption by Settlement Terms [Line Items] | ' |
Settlement Rate, per share | 1.6666 |
Maximum [Member] | Applicable market value of Company common stock - Greater than thirty dollars but less than thirty seven point five zero dollars | ' |
Financial Instruments Subject to Mandatory Redemption by Settlement Terms [Line Items] | ' |
Applicable market value of Company common stock | 37.5 |
Maximum [Member] | Applicable market value of Company common stock - Greater than or equal to thirty seven point five zero dollars | ' |
Financial Instruments Subject to Mandatory Redemption by Settlement Terms [Line Items] | ' |
Applicable market value of Company common stock | 37.5 |
Shareholders_Equity_And_Earnin2
Shareholders' Equity And Earnings Per Share (Components Of Other Comprehensive Income (Loss)) (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Activity Accumulated Other Comprehensive Income [Roll Forward] | ' | ' | ' | ' |
Balance at beginning of period | ($49,204) | $1,971 | $7,711 | ($2,878) |
Other comprehensive income (loss) during the period, net of tax, before reclassifications | 1,927 | 7,200 | -56,716 | 11,494 |
Amount reclassified from accumulated other comprehensive income (loss), net of tax | 863 | 634 | 2,591 | 1,189 |
Net other comprehensive income (loss) during the period, net of tax | 2,790 | 7,834 | -54,125 | 12,683 |
Balance at end of period | -46,414 | 9,805 | -46,414 | 9,805 |
Accumulated Unrealized Gains (Losses) on Securities | ' | ' | ' | ' |
Activity Accumulated Other Comprehensive Income [Roll Forward] | ' | ' | ' | ' |
Balance at beginning of period | -41,213 | 5,907 | 6,710 | 4,204 |
Other comprehensive income (loss) during the period, net of tax, before reclassifications | -1,460 | 2,358 | -49,231 | 5,214 |
Amount reclassified from accumulated other comprehensive income (loss), net of tax | -45 | -247 | -197 | -1,400 |
Net other comprehensive income (loss) during the period, net of tax | -1,505 | 2,111 | -49,428 | 3,814 |
Balance at end of period | -42,718 | 8,018 | -42,718 | 8,018 |
Accumulated Unrealized Losses on Derivative Instruments | ' | ' | ' | ' |
Activity Accumulated Other Comprehensive Income [Roll Forward] | ' | ' | ' | ' |
Balance at beginning of period | -3,100 | -6,037 | -5,292 | -7,082 |
Other comprehensive income (loss) during the period, net of tax, before reclassifications | -518 | -1,055 | -206 | -1,718 |
Amount reclassified from accumulated other comprehensive income (loss), net of tax | 908 | 881 | 2,788 | 2,589 |
Net other comprehensive income (loss) during the period, net of tax | 390 | -174 | 2,582 | 871 |
Balance at end of period | -2,710 | -6,211 | -2,710 | -6,211 |
Accumulated Foreign Currency Translation Adjustment | ' | ' | ' | ' |
Activity Accumulated Other Comprehensive Income [Roll Forward] | ' | ' | ' | ' |
Balance at beginning of period | -4,891 | 2,101 | 6,293 | 0 |
Other comprehensive income (loss) during the period, net of tax, before reclassifications | 3,905 | 5,897 | -7,279 | 7,998 |
Amount reclassified from accumulated other comprehensive income (loss), net of tax | 0 | 0 | 0 | 0 |
Net other comprehensive income (loss) during the period, net of tax | 3,905 | 5,897 | -7,279 | 7,998 |
Balance at end of period | ($986) | $7,998 | ($986) | $7,998 |
Recovered_Sheet9
Shareholders' Equity and Earnings Per Share Shareholders' Equity And Earnings Per Share (Other Comprehensive Income Reclassified from AOCI) (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||||||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Jun. 30, 2013 | Dec. 31, 2012 | Jun. 30, 2012 | Dec. 31, 2011 |
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Accumulated other comprehensive (loss) income | ($46,414) | $9,805 | ($46,414) | $9,805 | ($49,204) | $7,711 | $1,971 | ($2,878) |
Gains on available-for-sale securities, net | 75 | 409 | 328 | 2,334 | ' | ' | ' | ' |
Interest on junior subordinated debentures | 3,183 | 3,129 | 9,444 | 9,424 | ' | ' | ' | ' |
Income before taxes | 58,082 | 52,173 | 166,618 | 131,261 | ' | ' | ' | ' |
Income tax expense | -22,519 | -19,871 | -64,696 | -50,154 | ' | ' | ' | ' |
Net income | 35,563 | 32,302 | 101,922 | 81,107 | ' | ' | ' | ' |
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent | 1,927 | 7,200 | -56,716 | 11,494 | ' | ' | ' | ' |
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | -863 | -634 | -2,591 | -1,189 | ' | ' | ' | ' |
Other Comprehensive Income (Loss), Net of Tax | 2,790 | 7,834 | -54,125 | 12,683 | ' | ' | ' | ' |
Accumulated Unrealized Gains (Losses) on Securities | ' | ' | ' | ' | ' | ' | ' | ' |
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Accumulated other comprehensive (loss) income | -42,718 | 8,018 | -42,718 | 8,018 | -41,213 | 6,710 | 5,907 | 4,204 |
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent | -1,460 | 2,358 | -49,231 | 5,214 | ' | ' | ' | ' |
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | 45 | 247 | 197 | 1,400 | ' | ' | ' | ' |
Other Comprehensive Income (Loss), Net of Tax | -1,505 | 2,111 | -49,428 | 3,814 | ' | ' | ' | ' |
Accumulated Unrealized Gains (Losses) on Securities | Reclassification Out of Accumulated Other Comprehensive Income [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Gains on available-for-sale securities, net | 75 | 409 | 328 | 2,334 | ' | ' | ' | ' |
Income before taxes | 75 | 409 | 328 | 2,334 | ' | ' | ' | ' |
Income tax expense | -30 | -162 | -131 | -934 | ' | ' | ' | ' |
Net income | 45 | 247 | 197 | 1,400 | ' | ' | ' | ' |
Accumulated Unrealized Losses on Derivative Instruments | ' | ' | ' | ' | ' | ' | ' | ' |
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Accumulated other comprehensive (loss) income | -2,710 | -6,211 | -2,710 | -6,211 | -3,100 | -5,292 | -6,037 | -7,082 |
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent | -518 | -1,055 | -206 | -1,718 | ' | ' | ' | ' |
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | -908 | -881 | -2,788 | -2,589 | ' | ' | ' | ' |
Other Comprehensive Income (Loss), Net of Tax | 390 | -174 | 2,582 | 871 | ' | ' | ' | ' |
Accumulated Unrealized Losses on Derivative Instruments | Reclassification Out of Accumulated Other Comprehensive Income [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Interest on junior subordinated debentures | 1,507 | 1,471 | 4,629 | 4,324 | ' | ' | ' | ' |
Income before taxes | -1,507 | -1,471 | -4,629 | -4,324 | ' | ' | ' | ' |
Income tax expense | 599 | 590 | 1,841 | 1,735 | ' | ' | ' | ' |
Net income | -908 | -881 | -2,788 | -2,589 | ' | ' | ' | ' |
Accumulated Foreign Currency Translation Adjustment | ' | ' | ' | ' | ' | ' | ' | ' |
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Accumulated other comprehensive (loss) income | -986 | 7,998 | -986 | 7,998 | -4,891 | 6,293 | 2,101 | 0 |
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent | 3,905 | 5,897 | -7,279 | 7,998 | ' | ' | ' | ' |
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | 0 | 0 | 0 | 0 | ' | ' | ' | ' |
Other Comprehensive Income (Loss), Net of Tax | $3,905 | $5,897 | ($7,279) | $7,998 | ' | ' | ' | ' |
Shareholders_Equity_And_Earnin3
Shareholders' Equity And Earnings Per Share (Computation Of Basic And Diluted Earnings Per Common Share) (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Shareholders' Equity and Earnings Per Share Disclosure [Abstract] | ' | ' | ' | ' |
Net income | $35,563 | $32,302 | $101,922 | $81,107 |
Less: Preferred stock dividends and discount accretion | 1,581 | 2,616 | 6,814 | 6,477 |
Net income applicable to common shares | 33,982 | 29,686 | 95,108 | 74,630 |
Add: Dividends on convertible preferred stock, if dilutive | 1,581 | 2,581 | 6,744 | 6,374 |
Net income applicable to common shares-Diluted | $35,563 | $32,267 | $101,852 | $81,004 |
Weighted average common shares outstanding | 39,331 | 36,381 | 37,939 | 36,305 |
Effect of dilutive potential common shares | ' | ' | ' | ' |
Common stock equivalents | 7,346 | 7,275 | 7,263 | 7,159 |
Convertible preferred stock, if dilutive | 3,477 | 5,020 | 4,500 | 4,133 |
Total dilutive potential common shares | 10,823 | 12,295 | 11,763 | 11,292 |
Average common shares and dilutive common shares | 50,154 | 48,676 | 49,702 | 47,597 |
Net income per common share-Basic | $0.86 | $0.82 | $2.51 | $2.06 |
Net income per common share-Diluted | $0.71 | $0.66 | $2.05 | $1.70 |
Shareholders_Equity_And_Earnin4
Shareholders' Equity And Earnings Per Share (Narrative) (Detail) (USD $) | 0 Months Ended | 1 Months Ended | 9 Months Ended | 12 Months Ended | 1 Months Ended | 1 Months Ended | 9 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 0 Months Ended | 1 Months Ended | |||||||||||||||||||
Dec. 19, 2008 | Feb. 28, 2013 | Mar. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2010 | Jul. 19, 2013 | Dec. 31, 2012 | Dec. 07, 2010 | Jul. 19, 2013 | Aug. 31, 2008 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Mar. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2010 | Sep. 30, 2013 | Dec. 31, 2010 | Dec. 07, 2010 | 1-May-13 | Dec. 31, 2012 | Aug. 31, 2012 | Jul. 31, 2011 | |
Series A Preferred Stock [Member] | Series A Preferred Stock [Member] | Series A Preferred Stock [Member] | Series A Preferred Stock [Member] | Series A Preferred Stock [Member] | Series C Preferred Stock [Member] | Series C Preferred Stock [Member] | Series C Preferred Stock [Member] | Series C Preferred Stock [Member] | Applicable market value of Company common stock - Greater than thirty dollars but less than thirty seven point five zero dollars | Applicable market value of Company common stock - Greater than thirty dollars but less than thirty seven point five zero dollars | Maximum [Member] | Maximum [Member] | Minimum [Member] | Minimum [Member] | Equity Component | Junior Subordinated Debt [Member] | Junior Subordinated Debt [Member] | Junior Subordinated Debt [Member] | First Lansing Bancorp, Inc. [Member] | HPK Financial Corporation [Member] | Great Lakes Advisors, Inc [Member] | Great Lakes Advisors, Inc [Member] | ||||||||||
Applicable market value of Company common stock - Greater than thirty dollars but less than thirty seven point five zero dollars | Applicable market value of Company common stock - Greater than thirty dollars but less than thirty seven point five zero dollars | |||||||||||||||||||||||||||||||
Temporary Equity [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Frequency of Periodic Payment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'quarterly | 'quarterly | ' | ' | ' | ' | ' |
Tangible equity unit, proceeds | ' | ' | ' | ' | ' | ' | ' | ' | 4,600,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Rate on tangible equity units | ' | ' | ' | ' | ' | ' | ' | ' | 7.50% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Tangible equity unit public offering price per unit | ' | ' | ' | ' | ' | ' | ' | ' | $50 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net proceeds on sale of tangible equity units | ' | ' | ' | ' | ' | $222,700,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Maturity Date | ' | ' | ' | ' | ' | 15-Dec-13 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 15-Dec-13 | ' | ' | ' | ' | ' |
Percentage of fair value of debt component quarterly cash payments | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 7.50% | ' | ' | ' | ' | ' |
Discount rate on debt component | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 9.50% | ' | ' | ' | ' |
Risk-free rate | ' | ' | ' | 0.70% | 0.70% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.95% | ' | ' | ' | ' | ' | ' | ' |
Expected stock price volatility minimum | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 35.00% | ' | ' | ' | ' | ' | ' | ' |
Expected stock price volatility maximum | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 45.00% | ' | ' | ' | ' | ' | ' | ' |
Percent of dividend yield plus stock borrow cost | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.85% | ' | ' | ' | ' | ' | ' | ' |
Equity term, years | ' | ' | ' | '4 years 6 months | '4 years 6 months | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '3 years 7 days | ' | ' | ' | ' | ' | ' | ' |
Junior subordinated amortizing note, initial principal amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 9.728182 | ' | ' | ' | ' |
Contractual rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 9.50% | ' | ' | ' | ' | ' | ' |
Quarterly installments on amortizing note | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.9375 | ' | ' | ' | ' | ' |
Extended installment period on amortizing note | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 15-Dec-15 | ' | ' | ' | ' | ' | ' |
Settlement rate, shares | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.6666 | ' | 1.3333 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Applicable market value of Company common stock | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $37.50 | ' | $30 | ' | ' | ' | ' | ' | ' | ' | ' |
Amount Reclassifed from Additional Paid in Capital to Common Stock Per Share | ' | ' | ' | $1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number Of Consecutive Trading Days | ' | ' | ' | '20 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Preferred stock, liquidation value per share | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Preferred stock, value | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 50,000,000 | 0 | 49,906,000 | 49,871,000 | ' | 126,500,000 | 126,500,000 | 126,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Liquidation of preference shares, equity offering | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $126,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Preferred stock, dividend rate, percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 8.00% | ' | ' | ' | 5.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Convertible preferred stock conversion rate of common stock to Series A preferred stock | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 38.88 | ' | ' | ' | 24.3132 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Preferred stock, shares issued | ' | ' | ' | ' | ' | ' | ' | ' | ' | 50,000 | 50,000 | 0 | 50,000 | 50,000 | 126,500 | 126,500 | 126,500 | 126,500 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock Issued During Period, Shares, Conversion of Convertible Securities | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,944,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common stock, no par value | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 1,643,295 | ' | ' | 1,643,295 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Investment Warrants, Exercise Price | $22.82 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Warrant Termination Period | '10 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common stock, shares issued | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 648,286 | 372,530 | 25,493 | 529,087 |
Warrants holders common stock purchase price per share | ' | ' | ' | $30.50 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Warrants exercised | ' | 1,000 | 18,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Warrants outstanding | ' | ' | 19,000 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Warrants expiration date | ' | ' | ' | 1-Feb-13 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Settlement Rate, Market Value | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 50 | 50 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Subsequent_Events_Detail
Subsequent Events (Detail) (USD $) | 12 Months Ended | 9 Months Ended | 0 Months Ended | 0 Months Ended | 9 Months Ended | 0 Months Ended | 9 Months Ended | 0 Months Ended | 9 Months Ended | 0 Months Ended | 9 Months Ended | 0 Months Ended | 9 Months Ended | 0 Months Ended | |||||||
Sep. 30, 2013 | Oct. 01, 2013 | Oct. 18, 2013 | Sep. 30, 2013 | Nov. 07, 2013 | Oct. 25, 2013 | Nov. 07, 2013 | Nov. 07, 2013 | Sep. 30, 2013 | Nov. 07, 2013 | Sep. 30, 2013 | Nov. 07, 2013 | Nov. 07, 2013 | Sep. 30, 2013 | Nov. 07, 2013 | Sep. 30, 2013 | Nov. 07, 2013 | Sep. 30, 2013 | Nov. 07, 2013 | Sep. 30, 2013 | Nov. 07, 2013 | |
Surety Financial Services [Member] | Surety Financial Services [Member] | Diamond Bancorp, Inc [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Subordinated Note Due May Twenty Nine Two Thousand And Fifteen [Member] | Subordinated Note Due May Twenty Nine Two Thousand And Fifteen [Member] | Notes Payable to Banks [Member] | Notes Payable to Banks [Member] | Base Rate Loan [Member] | Base Rate Loan [Member] | Base Rate Loan [Member] | Base Rate Loan [Member] | Base Rate Loan [Member] | Base Rate Loan [Member] | Base Rate Loan [Member] | Eurodollar Rate Loan [Member] | Eurodollar Rate Loan [Member] | Eurodollar Rate Loan [Member] | Eurodollar Rate Loan [Member] | |
Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Base Rate [Member] | Base Rate [Member] | Prime Rate [Member] | Eurodollar Rate [Member] | Eurodollar Rate [Member] | Federal Funds Rate [Member] | Federal Funds Rate [Member] | Base Rate [Member] | Base Rate [Member] | London Interbank Offered Rate (LIBOR) [Member] | London Interbank Offered Rate (LIBOR) [Member] | ||||
locations | locations | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | ||||||||||||||
Subsequent Event [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage Rate Range, Minimum | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4.00% | 3.50% | ' | ' | ' | ' | ' | 4.00% | 3.50% | ' | ' |
Number of locations | ' | 5 | 4 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Mortgage Loan Originations | $1,000,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fair value of assets acquired, at the acquisition date | ' | ' | 169,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Assumed deposits | ' | ' | 140,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Business Combination, Aggregate Purchase Price | ' | ' | 3,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line of Credit Facility, Expiration Date | ' | ' | ' | ' | 6-Nov-14 | 24-Nov-13 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loan agreement with unaffiliated banks, amount | ' | ' | ' | 100,000,000 | 100,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of commitment fee payment | ' | ' | ' | 0.50% | 0.38% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line of credit facility, amount outstanding | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Incremental interest rate over base rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.50% | 1.50% | 1.50% | 1.00% | 1.00% | ' | ' | 3.00% | 2.50% |
Notes payable | ' | ' | ' | ' | ' | ' | ' | ' | 1,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Repayments of Debt | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Early Repayment of Subordinated Debt | ' | ' | ' | ' | ' | ' | $10,000,000 | $10,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |