Document and Entity Information
Document and Entity Information - shares | 3 Months Ended | |
Mar. 31, 2017 | May 01, 2017 | |
Document And Entity Information [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Mar. 31, 2017 | |
Document Fiscal Year Focus | 2,017 | |
Document Fiscal Period Focus | Q1 | |
Trading Symbol | HOMB | |
Entity Registrant Name | HOME BANCSHARES INC | |
Entity Central Index Key | 1,331,520 | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Large Accelerated Filer | |
Entity Common Stock, Shares Outstanding | 143,426,576 |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Assets | ||
Cash and due from banks | $ 163,662 | $ 123,758 |
Interest-bearing deposits with other banks | 253,427 | 92,891 |
Cash and cash equivalents | 417,089 | 216,649 |
Federal funds sold | 1,700 | 1,550 |
Investment securities - available-for-sale | 1,250,590 | 1,072,920 |
Investment securities - held-to-maturity | 276,599 | 284,176 |
Loans receivable | 7,849,645 | 7,387,699 |
Allowance for loan losses | (80,311) | (80,002) |
Loans receivable, net | 7,769,334 | 7,307,697 |
Bank premises and equipment, net | 212,813 | 205,301 |
Foreclosed assets held for sale | 17,315 | 15,951 |
Cash value of life insurance | 97,223 | 86,491 |
Accrued interest receivable | 32,413 | 30,838 |
Deferred tax asset, net | 67,063 | 61,298 |
Goodwill | 420,941 | 377,983 |
Core deposit and other intangibles | 21,885 | 18,311 |
Other assets | 132,503 | 129,300 |
Total assets | 10,717,468 | 9,808,465 |
Deposits: | ||
Demand and non-interest-bearing | 1,862,996 | 1,695,184 |
Savings and interest-bearing transaction accounts | 4,274,194 | 3,963,241 |
Time deposits | 1,430,017 | 1,284,002 |
Total deposits | 7,567,207 | 6,942,427 |
Securities sold under agreements to repurchase | 123,793 | 121,290 |
FHLB and other borrowed funds | 1,455,040 | 1,305,198 |
Accrued interest payable and other liabilities | 69,125 | 51,234 |
Subordinated debentures | 60,735 | 60,826 |
Total liabilities | 9,275,900 | 8,480,975 |
Stockholders' equity: | ||
Common stock, par value $0.01; shares authorized 200,000,000 in 2017 and 2016; shares issued and outstanding 143,441,824 in 2017 and 140,472,205 in 2016 | 1,434 | 1,405 |
Capital surplus | 948,982 | 869,737 |
Retained earnings | 490,142 | 455,948 |
Accumulated other comprehensive income | 1,010 | 400 |
Total stockholders' equity | 1,441,568 | 1,327,490 |
Total liabilities and stockholders' equity | $ 10,717,468 | $ 9,808,465 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parenthetical) - $ / shares | Mar. 31, 2017 | Dec. 31, 2016 |
Statement of Financial Position [Abstract] | ||
Common stock, par value | $ 0.01 | $ 0.01 |
Common stock, shares authorized | 200,000,000 | 200,000,000 |
Common stock, shares issued | 143,441,824 | 140,472,205 |
Common stock, shares outstanding | 143,441,824 | 140,472,205 |
Consolidated Statements of Inco
Consolidated Statements of Income - USD ($) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2017 | Mar. 31, 2016 | ||
Interest income: | |||
Loans | $ 105,762 | $ 96,913 | |
Investment securities | |||
Taxable | 5,478 | 5,450 | |
Tax-exempt | 2,944 | 2,815 | |
Deposits - other banks | 308 | 102 | |
Federal funds sold | 2 | 4 | |
Total interest income | 114,494 | 105,284 | |
Interest expense: | |||
Interest on deposits | 5,486 | 3,634 | |
Federal funds purchased | 1 | ||
FHLB and other borrowed funds | 3,589 | 3,070 | |
Securities sold under agreements to repurchase | 165 | 145 | |
Subordinated debentures | 439 | 377 | |
Total interest expense | 9,679 | 7,227 | |
Net interest income | 104,815 | 98,057 | |
Provision for loan losses | 3,914 | 5,677 | |
Net interest income after provision for loan losses | 100,901 | 92,380 | |
Non-interest income: | |||
Service charges on deposit accounts | 5,982 | 5,929 | |
Other service charges and fees | 8,917 | 7,117 | |
Trust fees | 456 | 404 | |
Mortgage lending income | 2,791 | 2,863 | |
Insurance commissions | 545 | 657 | |
Increase in cash value of life insurance | 310 | 395 | |
Dividends from FHLB, FRB, Bankers' Bank & other | 1,149 | 620 | |
Gain on acquisitions | 3,807 | ||
Gain on sale of SBA loans | 188 | ||
Gain (loss) on sale of branches, equipment and other assets, net | (56) | (53) | |
Gain (loss) on OREO, net | 121 | 96 | |
Gain (loss) on securities, net | 423 | 10 | |
FDIC indemnification accretion/(amortization), net | (362) | ||
Other income | 1,837 | 1,761 | |
Total non-interest income | 26,470 | 19,437 | |
Non-interest expense: | |||
Salaries and employee benefits | 27,421 | 23,958 | |
Occupancy and equipment | 6,681 | 6,671 | |
Data processing expense | 2,723 | 2,664 | |
Other operating expenses | 18,316 | 12,355 | |
Total non-interest expense | 55,141 | 45,648 | |
Income before income taxes | 72,230 | 66,169 | |
Income tax expense | 25,374 | 24,742 | |
Net income | $ 46,856 | $ 41,427 | |
Basic earnings per share | $ 0.33 | [1] | $ 0.30 |
Diluted earnings per share | $ 0.33 | [1] | $ 0.29 |
[1] | All per share amounts have been restated to reflect the effect of the 2-for-1 stock split during June 2016. |
Consolidated Statements of Inc5
Consolidated Statements of Income (Parenthetical) | Apr. 21, 2016 | Mar. 31, 2017 |
Income Statement [Abstract] | ||
Stock split conversion ratio | 2 | 2 |
Description of stock split arrangement | Board of Directors declared a two-for-one stock split to be paid in the form of a 100% stock dividend on June 8, 2016 | All per share amounts have been restated to reflect the effect of the 2-for-1 stock split during June 2016. |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Statement of Comprehensive Income [Abstract] | ||
Net income | $ 46,856 | $ 41,427 |
Net unrealized gain (loss) on available-for-sale securities | 1,428 | 3,775 |
Less: reclassification adjustment for realized (gains) losses included in income | (423) | (10) |
Other comprehensive (loss) income, before tax effect | 1,005 | 3,765 |
Tax effect | (395) | (1,477) |
Other comprehensive income (loss) income | 610 | 2,288 |
Comprehensive income | $ 47,466 | $ 43,715 |
Consolidated Statements of Stoc
Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands | Total | Giant Holdings, Inc. [Member] | Common Stock [Member] | Common Stock [Member]Giant Holdings, Inc. [Member] | Capital Surplus [Member] | Capital Surplus [Member]Giant Holdings, Inc. [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Income (Loss) [Member] |
Beginning Balance at Dec. 31, 2015 | $ 1,199,757 | $ 701 | $ 867,981 | $ 326,898 | $ 4,177 | |||
Comprehensive income: | ||||||||
Net income | 41,427 | 41,427 | ||||||
Other comprehensive income (loss) | 2,288 | 2,288 | ||||||
Net issuance of shares of common stock from exercise of stock options plus issuance of bonus shares of unrestricted common stock | 1,143 | 2 | 1,141 | |||||
Repurchase of shares of common stock | (8,842) | (2) | (8,840) | |||||
Tax benefit from stock options exercised | 1,119 | 1,119 | ||||||
Share-based compensation net issuance of shares of restricted common stock | 1,427 | 1 | 1,426 | |||||
Cash dividends - Common Stock | (10,537) | (10,537) | ||||||
Ending balance at Mar. 31, 2016 | 1,227,782 | 702 | 862,827 | 357,788 | 6,465 | |||
Comprehensive income: | ||||||||
Net income | 135,719 | 135,719 | ||||||
Other comprehensive income (loss) | (6,065) | (6,065) | ||||||
Net issuance of shares of common stock from exercise of stock options | 352 | 1 | 351 | |||||
Repurchase of shares of common stock | (975) | (1) | (974) | |||||
Issuance of common stock - 2-for-1 stock split | 702 | (702) | ||||||
Tax benefit from stock options exercised | 3,035 | 3,035 | ||||||
Share-based compensation net issuance of shares of restricted common stock | 5,201 | 1 | 5,200 | |||||
Cash dividends - Common Stock | (37,559) | (37,559) | ||||||
Ending balance at Dec. 31, 2016 | 1,327,490 | 1,405 | 869,737 | 455,948 | 400 | |||
Comprehensive income: | ||||||||
Net income | 46,856 | 46,856 | ||||||
Other comprehensive income (loss) | 610 | 610 | ||||||
Net issuance of shares of common stock from exercise of stock options | 102 | 1 | 101 | |||||
Issuance of 2,738,038 shares of common stock from acquisition of GHI, net of issuance costs of approximately $195 | $ 77,317 | $ 27 | $ 77,290 | |||||
Share-based compensation net issuance of shares of restricted common stock | 1,855 | 1 | 1,854 | |||||
Cash dividends - Common Stock | (12,662) | (12,662) | ||||||
Ending balance at Mar. 31, 2017 | $ 1,441,568 | $ 1,434 | $ 948,982 | $ 490,142 | $ 1,010 |
Consolidated Statements of Sto8
Consolidated Statements of Stockholders' Equity (Parenthetical) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Mar. 31, 2017USD ($)$ / sharesshares | Mar. 31, 2016$ / sharesshares | Dec. 31, 2016$ / sharesshares | ||
Net issuance of shares of common stock from exercise of stock options | 91,081 | 433,816 | 58,923 | |
Issuance of bonus shares of unrestricted common stock | 10,000 | |||
Common stock shares repurchased | 461,800 | 48,808 | ||
Net issuance cost of common stock | $ | $ 195 | |||
Issuance of restricted common stock | 140,500 | 156,734 | 87,000 | |
Common stock, cash dividends per share | $ / shares | $ 0.09 | [1] | $ 0.075 | $ 0.2675 |
Stock split conversion ratio | 2 | |||
Giant Holdings, Inc. [Member] | ||||
Net issuance of shares of common stock | 2,738,038 | |||
Net issuance cost of common stock | $ | $ 195 | |||
[1] | All per share amounts have been restated to reflect the effectof the 2-for-1 stock split during June 2016. |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Operating Activities | ||
Net income | $ 46,856 | $ 41,427 |
Adjustments to reconcile net income to net cash provided by (used in) operating activities: | ||
Depreciation | 2,674 | 2,722 |
Amortization/(accretion) | 3,724 | 3,954 |
Share-based compensation | 1,855 | 1,427 |
Tax benefits from stock options exercised | (1,119) | |
(Gain) loss on assets | (833) | (53) |
Gain on acquisitions | (3,807) | |
Provision for loan losses | 3,914 | 5,677 |
Deferred income tax effect | 2,130 | 524 |
Increase in cash value of life insurance | (310) | (395) |
Originations of mortgage loans held for sale | (78,691) | (68,932) |
Proceeds from sales of mortgage loans held for sale | 84,244 | 77,188 |
Changes in assets and liabilities: | ||
Accrued interest receivable | (244) | 299 |
Indemnification and other assets | (1,645) | (5,269) |
Accrued interest payable and other liabilities | 3,012 | 18,608 |
Net cash provided by (used in) operating activities | 62,879 | 76,058 |
Investing Activities | ||
Net (increase) decrease in federal funds sold | (150) | (5,500) |
Net (increase) decrease in loans, excluding purchased loans | (29,229) | (225,784) |
Purchases of investment securities - available-for-sale | (206,216) | (67,837) |
Proceeds from maturities of investment securities - available-for-sale | 39,615 | 66,706 |
Proceeds from sale of investment securities - available-for-sale | 15,538 | 1,377 |
Purchases of investment securities - held-to-maturity | (163) | |
Proceeds from maturities of investment securities - held-to-maturity | 7,411 | 9,581 |
Proceeds from foreclosed assets held for sale | 6,165 | 3,326 |
Proceeds from sale of SBA Loans | 4,170 | |
Purchases of premises and equipment, net | (5,636) | (1,376) |
Return of investment on cash value of life insurance | 592 | |
Net cash proceeds (paid) received - market acquisitions | 41,363 | |
Net cash provided by (used in) investing activities | (126,540) | (219,507) |
Financing Activities | ||
Net increase (decrease) in deposits, excluding deposits acquired | 181,025 | 139,010 |
Net increase (decrease) in securities sold under agreements to repurchase | 2,503 | (6,483) |
Net increase (decrease) in FHLB and other borrowed funds | 93,328 | (69,712) |
Proceeds from exercise of stock options | 102 | 1,143 |
Repurchase of common stock | (8,842) | |
Common stock issuance costs - market acquisitions | (195) | |
Tax benefits from stock options exercised | 1,119 | |
Dividends paid on common stock | (12,662) | (10,537) |
Net cash provided by (used in) financing activities | 264,101 | 45,698 |
Net change in cash and cash equivalents | 200,440 | (97,751) |
Cash and cash equivalents - beginning of year | 216,649 | 255,823 |
Cash and cash equivalents - end of period | $ 417,089 | $ 158,072 |
Nature of Operations and Summar
Nature of Operations and Summary of Significant Accounting Policies | 3 Months Ended |
Mar. 31, 2017 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Nature of Operations and Summary of Significant Accounting Policies | 1. Nature of Operations and Summary of Significant Accounting Policies Nature of Operations Home BancShares, Inc. (the “Company” or “HBI”) is a bank holding company headquartered in Conway, Arkansas. The Company is primarily engaged in providing a full range of banking services to individual and corporate customers through its wholly-owned community bank subsidiary – Centennial Bank (sometimes referred to as “Centennial” or the “Bank”). The Bank has branch locations in Arkansas, Florida, South Alabama and New York City. The Company is subject to competition from other financial institutions. The Company also is subject to the regulation of certain federal and state agencies and undergoes periodic examinations by those regulatory authorities. A summary of the significant accounting policies of the Company follows: Operating Segments Operating segments are components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and in assessing performance. The Bank is the only significant subsidiary upon which management makes decisions regarding how to allocate resources and assess performance. Each of the branches of the Bank provide a group of similar community banking services, including such products and services as commercial, real estate and consumer loans, time deposits, checking and savings accounts. The individual bank branches have similar operating and economic characteristics. While the chief decision maker monitors the revenue streams of the various products, services and branch locations, operations are managed and financial performance is evaluated on a Company-wide basis. Accordingly, all of the community banking services and branch locations are considered by management to be aggregated into one reportable operating segment, community banking. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change relate to the determination of the allowance for loan losses, the valuation of investment securities, the valuation of foreclosed assets and the valuations of assets acquired and liabilities assumed in business combinations. In connection with the determination of the allowance for loan losses and the valuation of foreclosed assets, management obtains independent appraisals for significant properties. Principles of Consolidation The consolidated financial statements include the accounts of HBI and its subsidiaries. Significant intercompany accounts and transactions have been eliminated in consolidation. Reclassifications Various items within the accompanying consolidated financial statements for previous years have been reclassified to provide more comparative information. These reclassifications had no effect on net earnings or stockholders’ equity. Interim financial information The accompanying unaudited consolidated financial statements as of March 31, 2017 and 2016 have been prepared in condensed format, and therefore do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statements. The information furnished in these interim statements reflects all adjustments which are, in the opinion of management, necessary for a fair statement of the results for each respective period presented. Such adjustments are of a normal recurring nature. The results of operations in the interim statements are not necessarily indicative of the results that may be expected for any other quarter or for the full year. The interim financial information should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s 2016 Form 10-K, Earnings per Share Basic earnings per share is computed based on the weighted-average number of shares outstanding during each year, which have been restated to reflect the effect of the 2-for-1 Three Months Ended March 31, 2017 2016 (In thousands) Net income $ 46,856 $ 41,427 Average shares outstanding 141,785 140,390 Effect of common stock based compensation 707 297 Average diluted shares outstanding 142,492 140,687 Basic earnings per share $ 0.33 $ 0.30 Diluted earnings per share 0.33 0.29 |
Business Combinations
Business Combinations | 3 Months Ended |
Mar. 31, 2017 | |
Business Combinations [Abstract] | |
Business Combinations | 2. Business Combinations Acquisition of Giant Holdings, Inc. On February 23, 2017, the Company completed its acquisition of Giant Holdings, Inc. (“GHI”), parent company of Landmark Bank, N.A. (“Landmark”), pursuant to a previously announced definitive agreement and plan of merger whereby GHI merged with and into HBI and, immediately thereafter, Landmark merged with and into Centennial. The Company paid a purchase price to the GHI shareholders of approximately $96.0 million for the GHI acquisition. Under the terms of the agreement, shareholders of GHI received 2,738,038 shares of its common stock valued at approximately $77.5 million as of February 23, 2017, plus approximately $18.5 million in cash in exchange for all outstanding shares of GHI common stock. GHI formerly operated six branch locations in the Ft. Lauderdale, Florida area. Including the effects of the purchase accounting adjustments, as of acquisition date, GHI had approximately $398.1 million in total assets, $329.4 million in loans after $6.5 million of loan discounts, and $304.0 million in deposits. The Company has determined that the acquisition of the net assets of GHI constitutes a business combination as defined by the ASC Topic 805. Accordingly, the assets acquired and liabilities assumed are presented at their fair values as required. Fair values were determined based on the requirements of ASC Topic 820. In many cases, the determination of these fair values required management to make estimates about discount rates, future expected cash flows, market conditions and other future events that are highly subjective in nature and subject to change. The following schedule is a breakdown of the assets acquired and liabilities assumed as of the acquisition date: Giant Holdings, Inc. Acquired from GHI Fair Value As by HBI (Dollars in thousands) Assets Cash and due from banks $ 41,019 $ — $ 41,019 Interest-bearing deposits with other banks 4,057 1 4,058 Investment securities 1,961 (5 ) 1,956 Loans receivable 335,886 (6,517 ) 329,369 Allowance for loan losses (4,568 ) 4,568 — Loans receivable, net 331,318 (1,949 ) 329,369 Bank premises and equipment, net 2,111 608 2,719 Cash value of life insurance 10,861 — 10,861 Accrued interest receivable 850 — 850 Deferred tax asset 2,286 1,807 4,093 Core deposit intangible 172 3,238 3,410 Other assets 254 (489 ) (235 ) Total assets acquired $ 394,889 $ 3,211 $ 398,100 Liabilities Deposits Demand and non-interest-bearing $ 75,993 $ — $ 75,993 Savings and interest-bearing transaction accounts 139,459 — 139,459 Time deposits 88,219 324 88,543 Total deposits 303,671 324 303,995 FHLB borrowed funds 26,047 431 26,478 Accrued interest payable and other liabilities 14,552 18 14,570 Total liabilities assumed 344,270 773 345,043 Equity Total equity assumed 50,619 (50,619 ) — Total liabilities and equity assumed $ 394,889 $ (49,846 ) 345,043 Net assets acquired 53,057 Purchase price 96,015 Goodwill $ 42,958 The following is a description of the methods used to determine the fair values of significant assets and liabilities presented above: Cash and due from banks and interest-bearing deposits with other banks Investment securities Loans The Company evaluated $315.6 million of the loans purchased in conjunction with the acquisition in accordance with the provisions of FASB ASC Topic 310-20, Nonrefundable Fees and Other Costs, 310-30, Loans and Debt Securities Acquired with Deteriorated Credit Quality, Bank premises and equipment Cash value of life insurance Accrued interest receivable Deferred tax asset Core deposit intangible Deposits FHLB borrowed funds Accrued interest payable and other liabilities The purchase price allocation and certain fair value measurements remain preliminary due to the timing of the acquisition. The Company will continue to review the estimated fair values of loans, deposits and intangible assets, and to evaluate the assumed tax positions and contingencies. The Company’s operating results for the period ended March 31, 2017, include the operating results of the acquired assets and assumed liabilities subsequent to the acquisition date. Due to the fair value adjustments recorded and the fact GHI total assets acquired are less than 5% of total assets as of March 31, 2017 excluding GHI as recorded by HBI as of acquisition date, historical results are not believed to be material to the Company’s results, and thus no pro-forma Acquisition of The Bank of Commerce On February 28, 2017, HBI, parent company of Centennial Bank (“Centennial”), completed its previously announced acquisition of all of the issued and outstanding shares of common stock of The Bank of Commerce, a Florida state-chartered bank that operated in the Sarasota, Florida area (“BOC”), pursuant to an acquisition agreement, dated December 1, 2016, by and between HBI and Bank of Commerce Holdings, Inc. (“BCHI”), parent company of BOC. HBI merged BOC with and into Centennial effective as of the close of business on February 28, 2017. The acquisition of BOC was conducted in accordance with the provisions of Section 363 of the United States Bankruptcy Code (the “Bankruptcy Code”) pursuant to a voluntary petition for relief under Chapter 11 of the Bankruptcy Code filed by BCHI with the United States Bankruptcy Court for the Middle District of Florida (the “Bankruptcy Court”). The sale of BOC by BCHI was subject to certain bidding procedures approved by the Bankruptcy Court. On November 14, 2016, the Company submitted an initial bid to purchase the outstanding shares of BOC in accordance with the bidding procedures approved by the Bankruptcy Court. An auction was subsequently conducted on November 16, 2016, and the Company was deemed to be the successful bidder. The Bankruptcy Court entered a final order on December 9, 2016 approving the sale of BOC to the Company pursuant to and in accordance with the acquisition agreement. Under the terms of the Agreement, HBI paid an aggregate of approximately $4.2 million in cash for the acquisition, which included the purchase of all outstanding shares of BOC common stock, the discounted purchase of certain subordinated debentures issued by BOC from the existing holders of the subordinated debentures, and an expense reimbursement to BCHI for approved administrative claims in connection with the bankruptcy proceeding. BOC formerly operated three branch locations in the Sarasota, Florida area. Including the effects of the purchase accounting adjustments, as of acquisition date, BOC had approximately $178.1 million in total assets, $118.5 million in loans after $5.8 million of loan discounts, and $139.8 million in deposits. The Company has determined that the acquisition of the net assets of BOC constitutes a business combination as defined by the ASC Topic 805. Accordingly, the assets acquired and liabilities assumed are presented at their fair values as required. Fair values were determined based on the requirements of ASC Topic 820. In many cases, the determination of these fair values required management to make estimates about discount rates, future expected cash flows, market conditions and other future events that are highly subjective in nature and subject to change. The following schedule is a breakdown of the assets acquired and liabilities assumed as of the acquisition date: The Bank of Commerce Acquired from BOC Fair Value As by HBI (Dollars in thousands) Assets Cash and due from banks $ 4,610 $ — $ 4,610 Interest-bearing deposits with other banks 14,360 — 14,360 Investment securities 25,926 (113 ) 25,813 Loans receivable 124,289 (5,751 ) 118,538 Allowance for loan losses (2,037 ) 2,037 — Loans receivable, net 122,252 (3,714 ) 118,538 Bank premises and equipment, net 1,887 — 1,887 Foreclosed assets held for sale 8,523 (3,165 ) 5,358 Accrued interest receivable 481 — 481 Deferred tax asset — 4,198 4,198 Core deposit intangible — 968 968 Other assets 1,880 — 1,880 Total assets acquired $ 179,919 $ (1,826 ) $ 178,093 Liabilities Deposits Demand and non-interest-bearing $ 27,245 $ — $ 27,245 Savings and interest-bearing transaction accounts 32,300 — 32,300 Time deposits 79,945 270 80,215 Total deposits 139,490 270 139,760 FHLB borrowed funds 30,000 42 30,042 Accrued interest payable and other liabilities 564 (255 ) 309 Total liabilities assumed $ 170,054 $ 57 170,111 Net assets acquired 7,982 Purchase price 4,175 Pre-tax $ 3,807 The following is a description of the methods used to determine the fair values of significant assets and liabilities presented above: Cash and due from banks and interest-bearing deposits with other banks Investment securities Loans The Company evaluated $106.8 million of the loans purchased in conjunction with the acquisition in accordance with the provisions of FASB ASC Topic 310-20, Nonrefundable Fees and Other Costs, 310-30, Loans and Debt Securities Acquired with Deteriorated Credit Quality, Bank premises and equipment Foreclosed assets held for sale Accrued interest receivable Deferred tax asset Core deposit intangible Deposits FHLB borrowed funds Accrued interest payable and other liabilities The purchase price allocation and certain fair value measurements remain preliminary due to the timing of the acquisition. The Company will continue to review the estimated fair values of loans, deposits and intangible assets, and to evaluate the assumed tax positions and contingencies. The Company’s operating results for the period ended March 31, 2017, include the operating results of the acquired assets and assumed liabilities subsequent to the acquisition date. Due to the fair value adjustments recorded and the fact BOC total assets acquired are less than 5% of total assets as of March 31, 2017 excluding BOC as recorded by HBI as of acquisition date, historical results are not believed to be material to the Company’s results, and thus no pro-forma Future Acquisition of Stonegate Bank On March 27, 2017, Home BancShares, Inc. and its wholly-owned bank subsidiary, Centennial Bank, an Arkansas state bank (“Centennial”), entered into an acquisition with Stonegate Bank (“Stonegate”). The acquisition agreement provides that Stonegate will merge with and into Centennial (the “Merger”). Under the terms of the acquisition agreement, shareholders of Stonegate will receive, in the aggregate, proceeds from the transaction of approximately $749.8 million, consisting of $50.0 million in cash and $699.7 million of HBI common stock. In addition, the holders of outstanding stock options of Stonegate will receive approximately $28.6 million in cash in connection with the cancellation of their options immediately before the Merger, for a total transaction value of approximately $778.4 million. The number of shares of HBI common stock to be issued to Stonegate shareholders will be determined based on the volume-weighted average closing price per share of HBI common stock for the 20 consecutive trading days ending on the third trading day prior to the closing date (the “Average Closing Price”). In addition, if the Average Closing Price of HBI common stock as of the closing date is equal to $35.19 or greater or $22.52 or less, then the Average Closing Price will be fixed at $35.19 or $22.52, respectively. The acquisition is expected to close late in the fourth quarter of 2017, and is subject to the approval of the shareholders of the Company and Stonegate, regulatory approvals, and other customary conditions set forth in the agreement As of March 31, 2017, Stonegate had approximately $3.24 billion in total assets, $2.48 billion in loans and $2.72 billion in customer deposits. Stonegate is conducting banking business from 25 locations in key Florida markets with significant presence in Broward and Sarasota counties. |
Investment Securities
Investment Securities | 3 Months Ended |
Mar. 31, 2017 | |
Text Block [Abstract] | |
Investment Securities | 3. Investment Securities The amortized cost and estimated fair value of investment securities that are classified as available-for-sale held-to-maturity March 31, 2017 Available-for-Sale Amortized Gross Gross Estimated (In thousands) U.S. government-sponsored enterprises $ 317,843 $ 976 $ (1,691 ) $ 317,128 Residential mortgage-backed securities 298,033 1,260 (1,681 ) 297,612 Commercial mortgage-backed securities 370,785 771 (2,450 ) 369,106 State and political subdivisions 224,946 3,860 (1,885 ) 226,921 Other securities 37,320 2,979 (476 ) 39,823 Total $ 1,248,927 $ 9,846 $ (8,183 ) $ 1,250,590 Held-to-Maturity Amortized Gross Gross Estimated (In thousands) U.S. government-sponsored enterprises $ 6,577 $ 35 $ (35 ) $ 6,577 Residential mortgage-backed securities 68,110 266 (266 ) 68,110 Commercial mortgage-backed securities 35,424 118 (63 ) 35,479 State and political subdivisions 166,488 3,277 (125 ) 169,640 Total $ 276,599 $ 3,696 $ (489 ) $ 279,806 December 31, 2016 Available-for-Sale Amortized Gross Gross Estimated (In thousands) U.S. government-sponsored enterprises $ 237,439 $ 963 $ (1,641 ) $ 236,761 Residential mortgage-backed securities 259,037 1,226 (1,627 ) 258,636 Commercial mortgage-backed securities 322,316 845 (2,342 ) 320,819 State and political subdivisions 215,209 3,471 (2,181 ) 216,499 Other securities 38,261 2,603 (659 ) 40,205 Total $ 1,072,262 $ 9,108 $ (8,450 ) $ 1,072,920 Held-to-Maturity Amortized Gross Gross Estimated (In thousands) U.S. government-sponsored enterprises $ 6,637 $ 23 $ (32 ) $ 6,628 Residential mortgage-backed securities 71,956 267 (301 ) 71,922 Commercial mortgage-backed securities 35,863 107 (133 ) 35,837 State and political subdivisions 169,720 3,100 (169 ) 172,651 Total $ 284,176 $ 3,497 $ (635 ) $ 287,038 Assets, principally investment securities, having a carrying value of approximately $1.01 billion and $1.07 billion at March 31, 2017 and December 31, 2016, respectively, were pledged to secure public deposits and for other purposes required or permitted by law. Also, investment securities pledged as collateral for repurchase agreements totaled approximately $123.8 million and $121.3 million at March 31, 2017 and December 31, 2016, respectively. The amortized cost and estimated fair value of securities classified as available-for-sale held-to-maturity Available-for-Sale Held-to-Maturity Amortized Estimated Amortized Estimated Cost Fair Value Cost Fair Value (In thousands) Due in one year or less $ 181,428 $ 183,538 $ 77,535 $ 78,640 Due after one year through five years 771,067 772,436 120,449 122,526 Due after five years through ten years 202,619 201,299 20,202 20,251 Due after ten years 93,813 93,317 58,413 58,389 Total $ 1,248,927 $ 1,250,590 $ 276,599 $ 279,806 For purposes of the maturity tables, mortgage-backed securities, which are not due at a single maturity date, have been allocated over maturity groupings based on anticipated maturities. The mortgage-backed securities may mature earlier than their weighted-average contractual maturities because of principal prepayments. During the three-month period ended March 31, 2017, approximately $15.2 million in available-for-sale During the three-month period ended March 31, 2016, approximately $1.4 million, in available-for-sale The Company evaluates all securities quarterly to determine if any unrealized losses are deemed to be other than temporary. In completing these evaluations the Company follows the requirements of FASB ASC 320, Investments – Debt and Equity Securities. During the three-month period ended March 31, 2017, no securities were deemed to have other-than-temporary impairment. For the three months ended March 31, 2017, the Company had investment securities with approximately $1.7 million in unrealized losses, which have been in continuous loss positions for more than twelve months. Excluding impairment write downs taken in prior periods, the Company’s assessments indicated that the cause of the market depreciation was primarily the change in interest rates and not the issuer’s financial condition, or downgrades by rating agencies. In addition, approximately 75.6% of the Company’s investment portfolio matures in five years or less. As a result, the Company has the ability and intent to hold such securities until maturity. The following shows gross unrealized losses and estimated fair value of investment securities classified as available-for-sale held-to-maturity March 31, 2017 Less Than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses (In thousands) U.S. government-sponsored enterprises $ 125,871 $ (1,102 ) $ 80,096 $ (624 ) $ 205,967 $ (1,726 ) Residential mortgage-backed securities 193,650 (1,761 ) 13,695 (186 ) 207,345 (1,947 ) Commercial mortgage-backed securities 214,878 (2,024 ) 28,773 (489 ) 243,651 (2,513 ) State and political subdivisions 79,747 (2,010 ) — — 79,747 (2,010 ) Other securities 1,509 (106 ) 9,779 (370 ) 11,288 (476 ) Total $ 615,655 $ (7,003 ) $ 132,343 $ (1,669 ) $ 747,998 $ (8,672 ) December 31, 2016 Less Than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses (In thousands) U.S. government-sponsored enterprises $ 98,180 $ (1,031 ) $ 75,044 $ (642 ) $ 173,224 $ (1,673 ) Residential mortgage-backed securities 188,117 (1,742 ) 8,902 (186 ) 197,019 (1,928 ) Commercial mortgage-backed securities 202,289 (2,220 ) 21,020 (255 ) 223,309 (2,475 ) State and political subdivisions 94,309 (2,348 ) 500 (2 ) 94,809 (2,350 ) Other securities 1,540 (125 ) 12,687 (534 ) 14,227 (659 ) Total $ 584,435 $ (7,466 ) $ 118,153 $ (1,619 ) $ 702,588 $ (9,085 ) Income earned on securities for the three months ended March 31, 2017 and 2016, is as follows: Three Months Ended March 31, 2017 2016 (In thousands) Taxable: Available-for-sale $ 4,794 $ 4,567 Held-to-maturity 684 883 Non-taxable: Available-for-sale 1,547 1,574 Held-to-maturity 1,397 1,241 Total $ 8,422 $ 8,265 |
Loans Receivable
Loans Receivable | 3 Months Ended |
Mar. 31, 2017 | |
Receivables [Abstract] | |
Loans Receivable | 4. Loans Receivable The various categories of loans receivable are summarized as follows: March 31, December 31, (In thousands) Real estate: Commercial real estate loans Non-farm/non-residential $ 3,462,773 $ 3,153,121 Construction/land development 1,217,519 1,135,843 Agricultural 79,940 77,736 Residential real estate loans Residential 1-4 1,493,133 1,356,136 Multifamily residential 404,815 340,926 Total real estate 6,658,180 6,063,762 Consumer 41,893 41,745 Commercial and industrial 1,013,403 1,123,213 Agricultural 69,307 74,673 Other 66,862 84,306 Total loans receivable $ 7,849,645 $ 7,387,699 During the three-month period ended March 31, 2017, the Company sold $4.0 million of the guaranteed portion of certain SBA loans, which resulted in a gain of approximately $188,000. During the three-month period ended March 31, 2016, no SBA loans were sold. Mortgage loans held for sale of approximately $50.7 million and $56.2 million at March 31, 2017 and December 31, 2016, respectively, are included in residential 1-4 We had $1.38 billion of purchased loans, which includes $104.5 million of discount for credit losses on purchased loans, at March 31, 2017. We have $40.0 million and $64.5 million remaining of non-accretable non-accretable |
Allowance for Loan Losses, Cred
Allowance for Loan Losses, Credit Quality and Other | 3 Months Ended |
Mar. 31, 2017 | |
Text Block [Abstract] | |
Allowance for Loan Losses, Credit Quality and Other | 5. Allowance for Loan Losses, Credit Quality and Other The following table presents a summary of changes in the allowance for loan losses: Three Months Ended March 31, 2017 (In thousands) Allowance for loan losses: Beginning balance $ 80,002 Loans charged off (4,706 ) Recoveries of loans previously charged off 1,101 Net loans recovered (charged off) (3,605 ) Provision for loan losses 3,914 Balance, March 31, 2017 $ 80,311 The following tables present the balance in the allowance for loan losses for the three-month period ended March 31, 2017, and the allowance for loan losses and recorded investment in loans based on portfolio segment by impairment method as of March 31, 2017. Allocation of a portion of the allowance to one type of loans does not preclude its availability to absorb losses in other categories. Three Months Ended March 31, 2017 Construction/ Land Other Commercial Residential Real Estate Commercial & Industrial Consumer & Other Unallocated Total (In thousands) Allowance for loan losses: Beginning balance $ 11,522 $ 28,188 $ 16,517 $ 12,756 $ 4,188 $ 6,831 $ 80,002 Loans charged off (207 ) (1,464 ) (1,891 ) (645 ) (499 ) — (4,706 ) Recoveries of loans previously charged off 199 331 133 182 256 — 1,101 Net loans recovered (charged off) (8 ) (1,133 ) (1,758 ) (463 ) (243 ) — (3,605 ) Provision for loan losses 559 1,868 3,481 1,091 (575 ) (2,510 ) 3,914 Balance, March 31 $ 12,073 $ 28,923 $ 18,240 $ 13,384 $ 3,370 $ 4,321 $ 80,311 As of March 31, 2017 Construction/ Land Other Commercial Residential Real Estate Commercial & Industrial Consumer & Other Unallocated Total (In thousands) Allowance for loan losses: Period end amount allocated to: Loans individually evaluated for impairment $ 120 $ 1,227 $ 268 $ 2,665 $ — $ — $ 4,280 Loans collectively evaluated for impairment 11,911 26,554 16,810 10,524 3,356 4,321 73,476 Loans evaluated for impairment balance, March 31 12,031 27,781 17,078 13,189 3,356 4,321 77,756 Purchased credit impaired loans 42 1,142 1,162 195 14 — 2,555 Balance, March 31 $ 12,073 $ 28,923 $ 18,240 $ 13,384 $ 3,370 $ 4,321 $ 80,311 Loans receivable: Period end amount allocated to: Loans individually evaluated for impairment $ 26,280 $ 65,717 $ 26,261 $ 11,705 $ 936 $ — $ 130,899 Loans collectively evaluated for impairment 1,173,985 3,397,782 1,820,480 988,840 174,458 — 7,555,545 Loans evaluated for impairment balance, March 31 1,200,265 3,463,499 1,846,741 1,000,545 175,394 — 7,686,444 Purchased credit impaired loans 17,254 79,214 51,207 12,858 2,668 — 163,201 Balance, March 31 $ 1,217,519 $ 3,542,713 $ 1,897,948 $ 1,013,403 $ 178,062 $ — $ 7,849,645 The following tables present the balances in the allowance for loan losses for the three-month period ended March 31, 2016 and the year ended December 31, 2016, and the allowance for loan losses and recorded investment in loans receivable based on portfolio segment by impairment method as of December 31, 2016. Allocation of a portion of the allowance to one type of loans does not preclude its availability to absorb losses in other categories. Year Ended December 31, 2016 Construction/ Land Other Commercial Residential Real Estate Commercial & Industrial Consumer & Other Unallocated Total (In thousands) Allowance for loan losses: Beginning balance $ 10,782 $ 26,798 $ 14,818 $ 9,324 $ 5,016 $ 2,486 $ 69,224 Loans charged off (87 ) (1,183 ) (1,309 ) (883 ) (485 ) — (3,947 ) Recoveries of loans previously charged off 19 38 475 529 291 — 1,352 Net loans recovered (charged off) (68 ) (1,145 ) (834 ) (354 ) (194 ) — (2,595 ) Provision for loan losses 996 3,706 1,166 1,064 695 (1,950 ) 5,677 Balance, March 31 11,710 29,359 15,150 10,034 5,517 536 72,306 Loans charged off (295 ) (2,403 ) (4,288 ) (4,895 ) (1,673 ) — (13,554 ) Recoveries of loans previously charged off 1,106 819 677 5,004 713 — 8,319 Net loans recovered (charged off) 811 (1,584 ) (3,611 ) 109 (960 ) — (5,235 ) Provision for loan losses (999 ) 413 4,978 2,613 (369 ) 6,295 12,931 Balance, December 31 $ 11,522 $ 28,188 $ 16,517 $ 12,756 $ 4,188 $ 6,831 $ 80,002 As of December 31, 2016 Construction/ Land Other Commercial Residential Real Estate Commercial & Industrial Consumer & Other Unallocated Total (In thousands) Allowance for loan losses: Period end amount allocated to: Loans individually evaluated for impairment $ 15 $ 1,416 $ 103 $ 95 $ — $ — $ 1,629 Loans collectively evaluated for impairment 11,463 25,641 15,796 12,596 4,176 6,831 76,503 Loans evaluated for impairment balance, December 31 11,478 27,057 15,899 12,691 4,176 6,831 78,132 Purchased credit impaired loans 44 1,131 618 65 12 — 1,870 Balance, December 31 $ 11,522 $ 28,188 $ 16,517 $ 12,756 $ 4,188 $ 6,831 $ 80,002 Loans receivable: Period end amount allocated to: Loans individually evaluated for impairment $ 12,374 $ 74,723 $ 35,187 $ 25,873 $ 1,096 $ — $ 149,253 Loans collectively evaluated for impairment 1,105,921 3,080,201 1,608,805 1,085,891 198,064 — 7,078,882 Loans evaluated for impairment balance, December 31 1,118,295 3,154,924 1,643,992 1,111,764 199,160 — 7,228,135 Purchased credit impaired loans 17,548 75,933 53,070 11,449 1,564 — 159,564 Balance, December 31 $ 1,135,843 $ 3,230,857 $ 1,697,062 $ 1,123,213 $ 200,724 $ — $ 7,387,699 The following is an aging analysis for loans receivable as of March 31, 2017 and December 31, 2016: March 31, 2017 Loans Past Due 30-59 Days Loans Past Due 60-89 Days Loans Past Due 90 Days or More Total Past Due Current Loans Total Loans Receivable Accruing Loans Past Due 90 Days or More (In thousands) Real estate: Commercial real estate loans Non-farm/non-residential $ 2,580 $ 1,105 $ 25,591 $ 29,276 $ 3,433,497 $ 3,462,773 $ 9,009 Construction/land development 1,460 32 6,802 8,294 1,209,225 1,217,519 3,112 Agricultural — — 156 156 79,784 79,940 — Residential real estate loans Residential 1-4 6,292 595 22,000 28,887 1,464,246 1,493,133 3,118 Multifamily residential 412 — 255 667 404,148 404,815 — Total real estate 10,744 1,732 54,804 67,280 6,590,900 6,658,180 15,239 Consumer 204 57 172 433 41,460 41,893 10 Commercial and industrial 1,785 582 3,458 5,825 1,007,578 1,013,403 139 Agricultural and other 328 6 764 1,098 135,071 136,169 — Total $ 13,061 $ 2,377 $ 59,198 $ 74,636 $ 7,775,009 $ 7,849,645 $ 15,388 December 31, 2016 Loans Past Due 30-59 Days Loans Past Due 60-89 Days Loans Past Due 90 Days or More Total Past Due Current Loans Total Loans Receivable Accruing Loans Past Due 90 Days or More (In thousands) Real estate: Commercial real estate loans Non-farm/non-residential $ 2,036 $ 686 $ 27,518 $ 30,240 $ 3,122,881 $ 3,153,121 $ 9,530 Construction/land development 685 16 7,042 7,743 1,128,100 1,135,843 3,086 Agricultural — — 435 435 77,301 77,736 — Residential real estate loans Residential 1-4 6,972 1,287 23,307 31,566 1,324,570 1,356,136 2,996 Multifamily residential — — 262 262 340,664 340,926 — Total real estate 9,693 1,989 58,564 70,246 5,993,516 6,063,762 15,612 Consumer 117 66 161 344 41,401 41,745 21 Commercial and industrial 984 582 3,464 5,030 1,118,183 1,123,213 309 Agricultural and other 782 10 935 1,727 157,252 158,979 — Total $ 11,576 $ 2,647 $ 63,124 $ 77,347 $ 7,310,352 $ 7,387,699 $ 15,942 Non-accruing The following is a summary of the impaired loans as of March 31, 2017 and December 31, 2016: March 31, 2017 Three Months Ended Unpaid Total Allocation of Allowance Average Interest Recognized (In thousands) Loans without a specific valuation allowance Real estate: Commercial real estate loans Non-farm/non-residential $ — $ — $ — $ 15 $ — Construction/land development — — — — — Agricultural — — — — — Residential real estate loans Residential 1-4 — — — 116 — Multifamily residential — — — — — Total real estate — — — 131 — Consumer — — — — — Commercial and industrial — — — 62 — Agricultural and other — — — — — Total loans without a specific valuation allowance — — — 193 — Loans with a specific valuation allowance Real estate: Commercial real estate loans Non-farm/non-residential 47,046 45,004 1,223 47,679 328 Construction/land development 11,595 10,741 120 9,168 67 Agricultural 156 160 4 299 2 Residential real estate loans Residential 1-4 26,229 25,716 253 25,695 107 Multifamily residential 544 544 15 548 4 Total real estate 85,570 82,165 1,615 83,389 508 Consumer 173 172 — 166 — Commercial and industrial 8,174 8,091 2,665 7,561 6 Agricultural and other 764 764 — 850 — Total loans with a specific valuation allowance 94,681 91,192 4,280 91,966 514 Total impaired loans Real estate: Commercial real estate loans Non-farm/non-residential 47,046 45,004 1,223 47,694 328 Construction/land development 11,595 10,741 120 9,168 67 Agricultural 156 160 4 299 2 Residential real estate loans Residential 1-4 26,229 25,716 253 25,811 107 Multifamily residential 544 544 15 548 4 Total real estate 85,570 82,165 1,615 83,520 508 Consumer 173 172 — 166 — Commercial and industrial 8,174 8,091 2,665 7,623 6 Agricultural and other 764 764 — 850 — Total impaired loans $ 94,681 $ 91,192 $ 4,280 $ 92,159 $ 514 Note non-covered 310-30. non-covered non-covered December 31, 2016 Year Ended Unpaid Total Allocation of Allowance Average Interest Recognized (In thousands) Loans without a specific valuation allowance Real estate: Commercial real estate loans Non-farm/non-residential $ 29 $ 29 $ — $ 23 $ 2 Construction/land development — — — 6 — Agricultural 40 — — — 2 Residential real estate loans Residential 1-4 231 231 — 119 15 Multifamily residential — — — 19 — Total real estate 300 260 — 167 19 Consumer — — — — — Commercial and industrial 124 124 — 64 8 Agricultural and other — — — — — Total loans without a specific valuation allowance 424 384 — 231 27 Loans with a specific valuation allowance Real estate: Commercial real estate loans Non-farm/non-residential 52,477 50,355 1,414 42,979 1,335 Construction/land development 8,313 7,595 15 12,878 334 Agricultural 395 438 2 469 — Residential real estate loans Residential 1-4 26,681 25,675 95 20,239 293 Multifamily residential 552 552 8 922 9 Total real estate 88,418 84,615 1,534 77,487 1,971 Consumer 165 161 — 223 3 Commercial and industrial 7,160 7,032 95 10,630 255 Agricultural and other 935 935 — 1,037 — Total loans with a specific valuation allowance 96,678 92,743 1,629 89,377 2,229 Total impaired loans Real estate: Commercial real estate loans Non-farm/non-residential 52,506 50,384 1,414 43,002 1,337 Construction/land development 8,313 7,595 15 12,884 334 Agricultural 435 438 2 469 2 Residential real estate loans Residential 1-4 26,912 25,906 95 20,358 308 Multifamily residential 552 552 8 941 9 Total real estate 88,718 84,875 1,534 77,654 1,990 Consumer 165 161 — 223 3 Commercial and industrial 7,284 7,156 95 10,694 263 Agricultural and other 935 935 — 1,037 — Total impaired loans $ 97,102 $ 93,127 $ 1,629 $ 89,608 $ 2,256 Note 310-30. Interest recognized on impaired loans during the three months ended March 31, 2017 and 2016 was approximately $514,000 and $549,000, respectively. The amount of interest recognized on impaired loans on the cash basis is not materially different than the accrual basis. Credit Quality Indicators. on-going (iv) non-performing The Company utilizes a risk rating matrix to assign a risk rating to each of its loans. Loans are rated on a scale from 1 to 8. Descriptions of the general characteristics of the 8 risk ratings are as follows: • Risk rating 1 – Excellent. • Risk rating 2 – Good. • Risk rating 3 – Satisfactory. • Risk rating 4 – Watch. • Risk rating 5 – Other Loans Especially Mentioned (“OLEM”) • Risk rating 6 – Substandard. • Risk rating 7 – Doubtful. • Risk rating 8 – Loss. charged-off The Company’s classified loans include loans in risk ratings 6, 7 and 8. The following is a presentation of classified loans (excluding loans accounted for under ASC Topic 310-30) March 31, 2017 Risk Rated 6 Risk Rated 7 Risk Rated 8 Classified Total (In thousands) Real estate: Commercial real estate loans Non-farm/non-residential $ 33,300 $ 538 $ — $ 33,838 Construction/land development 13,662 110 — 13,772 Agricultural 474 — — 474 Residential real estate loans Residential 1-4 24,668 524 — 25,192 Multifamily residential 1,845 — — 1,845 Total real estate 73,949 1,172 — 75,121 Consumer 208 1 — 209 Commercial and industrial 15,359 174 — 15,533 Agricultural and other 774 — — 774 Total risk rated loans $ 90,290 $ 1,347 $ — $ 91,637 December 31, 2016 Risk Rated 6 Risk Rated 7 Risk Rated 8 Classified Total (In thousands) Real estate: Commercial real estate loans Non-farm/non-residential $ 43,657 $ 462 $ — $ 44,119 Construction/land development 8,619 33 — 8,652 Agricultural 759 — — 759 Residential real estate loans Residential 1-4 28,846 445 — 29,291 Multifamily residential 1,391 — — 1,391 Total real estate 83,272 940 — 84,212 Consumer 211 2 — 213 Commercial and industrial 16,991 170 — 17,161 Agricultural and other 935 — — 935 Total risk rated loans $ 101,409 $ 1,112 $ — $ 102,521 Loans may be classified, but not considered impaired, due to one of the following reasons: (1) The Company has established minimum dollar amount thresholds for loan impairment testing. All loans over $2.0 million that are rated 5 – 8 are individually assessed for impairment on a quarterly basis. Loans rated 5 – 8 that fall under the threshold amount are not individually tested for impairment and therefore are not included in impaired loans; (2) of the loans that are above the threshold amount and tested for impairment, after testing, some are considered to not be impaired and are not included in impaired loans. The following is a presentation of loans receivable by class and risk rating as of March 31, 2017 and December 31, 2016: March 31, 2017 Risk Rated 1 Risk Rated 2 Risk Rated 3 Risk Rated 4 Risk Rated 5 Classified Total Total (In thousands) Real estate: Commercial real estate loans Non-farm/non-residential $ 1,043 $ 1,744 $ 1,800,036 $ 1,510,457 $ 36,441 $ 33,838 $ 3,383,559 Construction/land development 673 1,013 211,247 958,460 15,100 13,772 1,200,265 Agricultural — 121 54,756 23,729 860 474 79,940 Residential real estate loans Residential 1-4 1,374 1,662 1,006,030 406,360 9,600 25,192 1,450,218 Multifamily residential — — 332,457 62,005 216 1,845 396,523 Total real estate 3,090 4,540 3,404,526 2,961,011 62,217 75,121 6,510,505 Consumer 14,366 160 16,945 9,049 53 209 40,782 Commercial and industrial 13,201 3,589 545,730 413,300 9,192 15,533 1,000,545 Agricultural and other 3,039 963 71,009 58,827 — 774 134,612 Total risk rated loans $ 33,696 $ 9,252 $ 4,038,210 $ 3,442,187 $ 71,462 $ 91,637 7,686,444 Purchased credit impaired loans 163,201 Total loans receivable $ 7,849,645 December 31, 2016 Risk Rated 1 Risk Rated 2 Risk Rated 3 Risk Rated 4 Risk Rated 5 Classified Total Total (In thousands) Real estate: Commercial real estate loans Non-farm/non-residential $ 1,047 $ 4,762 $ 1,568,385 $ 1,425,316 $ 33,559 $ 44,119 $ 3,077,188 Construction/land development 400 981 180,094 921,081 7,087 8,652 1,118,295 Agricultural — 157 53,753 22,238 829 759 77,736 Residential real estate loans Residential 1-4 2,336 1,683 941,760 324,045 10,360 29,291 1,309,475 Multifamily residential — — 278,514 45,742 8,870 1,391 334,517 Total real estate 3,783 7,583 3,022,506 2,738,422 60,705 84,212 5,917,211 Consumer 15,080 231 15,330 9,645 81 213 40,580 Commercial and industrial 13,117 3,644 500,220 558,413 19,209 17,161 1,111,764 Agricultural and other 3,379 976 82,641 70,649 — 935 158,580 Total risk rated loans $ 35,359 $ 12,434 $ 3,620,697 $ 3,377,129 $ 79,995 $ 102,521 7,228,135 Purchased credit impaired loans 159,564 Total loans receivable $ 7,387,699 The following is a presentation of troubled debt restructurings (“TDRs”) by class as of March 31, 2017 and December 31, 2016: March 31, 2017 Number of Loans Pre- Modification Rate Modification Term Modification Rate & Term Modification Post- (Dollars in thousands) Real estate: Commercial real estate loans Non-farm/non-residential 14 $ 17,017 $ 10,532 $ 259 $ 5,501 $ 16,292 Construction/land development 2 618 556 56 — 612 Agricultural 2 146 — 41 79 120 Residential real estate loans Residential 1-4 18 6,110 3,781 75 1,279 5,135 Multifamily residential 1 295 — — 289 289 Total real estate 37 24,186 14,869 431 7,148 22,448 Commercial and industrial 5 338 237 64 8 309 Total 42 $ 24,524 $ 15,106 $ 495 $ 7,156 $ 22,757 December 31, 2016 Number of Loans Pre- Modification Rate Modification Term Modification Rate & Term Modification Post- (Dollars in thousands) Real estate: Commercial real estate loans Non-farm/non-residential 17 $ 21,344 $ 14,600 $ 263 $ 5,542 $ 20,405 Construction/land development 1 560 556 — — 556 Agricultural 2 146 — 43 80 123 Residential real estate loans Residential 1-4 21 5,179 2,639 124 1,017 3,780 Multifamily residential 1 295 — — 290 290 Total real estate 42 27,524 17,795 430 6,929 25,154 Commercial and industrial 6 395 237 115 10 362 Total 48 $ 27,919 $ 18,032 $ 545 $ 6,939 $ 25,516 The following is a presentation of TDRs on non-accrual March 31, 2017 December 31, 2016 Number of Recorded Number of Recorded (Dollars in thousands) Real estate: Commercial real estate loans Non-farm/non-residential — $ — 2 $ 696 Agricultural 2 120 2 123 Residential real estate loans Residential 1-4 9 1,592 13 2,240 Total real estate 11 1,712 17 3,059 Total 11 $ 1,712 17 $ 3,059 The following is a presentation of total foreclosed assets as of March 31, 2017 and December 31, 2016: March 31, 2017 December 31, 2016 (In thousands) Commercial real estate loans Non-farm/non-residential $ 7,861 $ 9,423 Construction/land development 4,826 4,009 Agricultural — — Residential real estate loans Residential 1-4 3,123 2,076 Multifamily residential 1,505 443 Total foreclosed assets held for sale $ 17,315 $ 15,951 The following is a summary of the purchased credit impaired loans acquired in the GHI and BOC acquisitions during the first quarter of 2017 as of the date of acquisition: GHI BOC (In thousands) Contractually required principal and interest at acquisition $ 22,379 $ 18,586 Non-accretable 4,462 2,811 Cash flows expected to be collected at acquisition 17,917 15,775 Accretable yield 2,071 1,043 Basis in purchased credit impaired loans at acquisition $ 15,846 $ 14,732 Changes in the carrying amount of the accretable yield for purchased credit impaired loans were as follows for the three-month period ended March 31, 2017 for the Company’s acquisitions: Accretable Yield Carrying (In thousands) Balance at beginning of period $ 38,212 $ 159,564 Reforecasted future interest payments for loan pools 1,988 — Accretion recorded to interest income (4,603 ) 4,603 Acquisitions of GHI and BOC 3,114 30,578 Adjustment to yield 286 — Transfers to foreclosed assets held for sale — (278 ) Payments received, net — (31,266 ) Balance at end of period $ 38,997 $ 163,201 The loan pools were evaluated by the Company and are currently forecasted to have a slower run-off During the 2017 impairment tests on the estimated cash flows of loans, the Company established that several loan pools were determined to have a materially projected credit improvement. As a result of this improvement, the Company will recognize approximately $286,000 as an additional adjustment to yield over the weighted average life of the loans. |
Goodwill and Core Deposits and
Goodwill and Core Deposits and Other Intangibles | 3 Months Ended |
Mar. 31, 2017 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Goodwill and Core Deposits and Other Intangibles | 6. Goodwill and Core Deposits and Other Intangibles Changes in the carrying amount and accumulated amortization of the Company’s goodwill and core deposits and other intangibles at March 31, 2017 and December 31, 2016, were as follows: March 31, 2017 December 31, 2016 (In thousands) Goodwill Balance, beginning of period $ 377,983 $ 377,983 Acquisitions 42,958 — Balance, end of period $ 420,941 $ 377,983 March 31, 2017 December 31, 2016 (In thousands) Core Deposit and Other Intangibles Balance, beginning of period $ 18,311 $ 21,443 Acquisition 4,378 — Amortization expense (804 ) (845 ) Balance, March 31 $ 21,885 20,598 Acquisitions — Amortization expense (2,287 ) Balance, end of year $ 18,311 The carrying basis and accumulated amortization of core deposits and other intangibles at March 31, 2017 and December 31, 2016 were: March 31, 2017 December 31, 2016 (In thousands) Gross carrying basis $ 55,756 $ 51,378 Accumulated amortization (33,871 ) (33,067 ) Net carrying amount $ 21,885 $ 18,311 Core deposit and other intangible amortization expense was approximately $804,000 and $845,000 for the three months ended March 31, 2017 and 2016, respectively. Including all of the mergers completed as of March 31, 2017, the Company’s estimated amortization expense of core deposits and other intangibles for each of the years 2017 through 2021 is approximately: 2017 – $3.3 million; 2018 – $3.5 million; 2019 – $3.4 million; 2020 – $2.8 million; 2021 – $2.7 million. The carrying amount of the Company’s goodwill was $420.9 million and $378.0 million at March 31, 2017 and December 31, 2016. Goodwill is tested annually for impairment during the fourth quarter. If the implied fair value of goodwill is lower than its carrying amount, goodwill impairment is indicated and goodwill is written down to its implied fair value. Subsequent increases in goodwill value are not recognized in the consolidated financial statements. |
Other Assets
Other Assets | 3 Months Ended |
Mar. 31, 2017 | |
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] | |
Other Assets | 7. Other Assets Other assets consists primarily of equity securities without a readily determinable fair value and other miscellaneous assets. As of March 31, 2017 and December 31, 2016 other assets were $132.5 million and $129.3 million, respectively. The Company has equity securities without readily determinable fair values. These equity securities are outside the scope of ASC Topic 320, Investments-Debt and Equity Securities |
Deposits
Deposits | 3 Months Ended |
Mar. 31, 2017 | |
Banking and Thrift [Abstract] | |
Deposits | 8. Deposits The aggregate amount of time deposits with a minimum denomination of $250,000 was $595.5 million and $569.1 million at March 31, 2017 and December 31, 2016, respectively. The aggregate amount of time deposits with a minimum denomination of $100,000 was $907.7 million and $842.9 million at March 31, 2017 and December 31, 2016, respectively. Interest expense applicable to certificates in excess of $100,000 totaled $1.7 million and $1.4 million for the three months ended March 31, 2017 and 2016, respectively. As of March 31, 2017 and December 31, 2016, brokered deposits were $590.8 million and $502.5 million, respectively. Deposits totaling approximately $1.17 billion and $1.23 billion at March 31, 2017 and December 31, 2016, respectively, were public funds obtained primarily from state and political subdivisions in the United States. |
Securities Sold Under Agreement
Securities Sold Under Agreements to Repurchase | 3 Months Ended |
Mar. 31, 2017 | |
Brokers and Dealers [Abstract] | |
Securities Sold Under Agreements to Repurchase | 9. Securities Sold Under Agreements to Repurchase At March 31, 2017 and December 31, 2016, securities sold under agreements to repurchase totaled $123.8 million and $121.3 million, respectively. For the three-month periods ended March 31, 2017 and 2016, securities sold under agreements to repurchase daily weighted-average totaled $124.1 million and $128.9 million, respectively. The remaining contractual maturity of securities sold under agreements to repurchase in the consolidated balance sheets as of March 31, 2017 and December 31, 2016 is presented in the following tables: March 31, 2017 Overnight and Up to 30-90 Days Greater Total (In thousands) Securities sold under agreements to repurchase: U.S. government-sponsored enterprises $ 3,275 $ — $ — $ — $ 3,275 Mortgage-backed securities 16,631 — — — 16,631 State and political subdivisions 80,401 — — — 80,401 Other securities 23,486 — — — 23,486 Total borrowings $ 123,793 $ — $ — $ — $ 123,793 December 31, 2016 Overnight and Up to 30-90 Days Greater Total (In thousands) Securities sold under agreements to repurchase: U.S. government-sponsored enterprises $ 1,918 $ — $ — $ — $ 1,918 Mortgage-backed securities 22,691 — — — 22,691 State and political subdivisions 74,559 — — — 74,559 Other securities 22,122 — — — 22,122 Total borrowings $ 121,290 $ — $ — $ — $ 121,290 |
FHLB Borrowed Funds
FHLB Borrowed Funds | 3 Months Ended |
Mar. 31, 2017 | |
Banking and Thrift [Abstract] | |
FHLB Borrowed Funds | 10. FHLB Borrowed Funds The Company’s FHLB borrowed funds were $1.46 billion and $1.31 billion at March 31, 2017 and December 31, 2016, respectively. At March 31, 2017, $290.0 million and $1.17 billion of the outstanding balance were issued as short-term and long-term advances, respectively. At December 31, 2016, $40.0 million and $1.27 billion of the outstanding balance were issued as short-term and long-term advances, respectively. The FHLB advances mature from the current year to 2025 with fixed interest rates ranging from 0.58% to 5.96% and are secured by loans and investments securities. Maturities of borrowings as of March 31, 2017 include: 2017 – $680.9 million; 2018 – $459.2 million; 2019 – $143.1 million; 2020 – $146.4 million; 2021 – zero; after 2021 – $25.4 million. Expected maturities will differ from contractual maturities because FHLB may have the right to call or HBI the right to prepay certain obligations. Additionally, the Company had $521.3 million and $516.2 million at March 31, 2017 and December 31, 2016, respectively, in letters of credit under a FHLB blanket borrowing line of credit, which are used to collateralize public deposits at March 31, 2017 and December 31, 2016, respectively. |
Other Borrowings
Other Borrowings | 3 Months Ended |
Mar. 31, 2017 | |
Debt Disclosure [Abstract] | |
Other Borrowings | 11. Other Borrowings The Company had zero other borrowings at March 31, 2017. The Company took out a $20.0 million line of credit for general corporate purposes during 2015, but the balance on this line of credit at March 31, 2017 and December 31, 2016 was zero. |
Subordinated Debentures
Subordinated Debentures | 3 Months Ended |
Mar. 31, 2017 | |
Brokers and Dealers [Abstract] | |
Subordinated Debentures | 12. Subordinated Debentures Subordinated debentures at March 31, 2017 and December 31, 2016 consisted of guaranteed payments on trust preferred securities with the following components: As of March 31, As of (In thousands) Subordinated debentures, issued in 2006, due 2036, fixed rate of 6.75% during the first five years and at a floating rate of 1.85% above the three-month LIBOR rate, reset quarterly, thereafter, currently callable without penalty $ 3,093 $ 3,093 Subordinated debentures, issued in 2004, due 2034, fixed rate of 6.00% during the first five years and at a floating rate of 2.00% above the three-month LIBOR rate, reset quarterly, thereafter, currently callable without penalty 15,464 15,464 Subordinated debentures, issued in 2005, due 2035, fixed rate of 5.84% during the first five years and at a floating rate of 1.45% above the three-month LIBOR rate, reset quarterly, thereafter, currently callable without penalty 25,774 25,774 Subordinated debentures, issued in 2004, due 2034, fixed rate of 4.29% during the first five years and at a floating rate of 2.50% above the three-month LIBOR rate, reset quarterly, thereafter, currently callable without penalty 16,495 16,495 Total $ 60,826 $ 60,826 The Company holds $60.8 million of trust preferred securities which are currently callable without penalty based on the terms of the specific agreements. The trust preferred securities are tax-advantaged |
Income Taxes
Income Taxes | 3 Months Ended |
Mar. 31, 2017 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | 13. Income Taxes The following is a summary of the components of the provision (benefit) for income taxes for the three-month periods ended March 31, 2017 and 2016: Three Months Ended March 31, 2017 2016 (In thousands) Current: Federal $ 19,392 $ 20,205 State 3,852 4,013 Total current 23,244 24,218 Deferred: Federal 1,777 437 State 353 87 Total deferred 2,130 524 Income tax expense $ 25,374 $ 24,742 The reconciliation between the statutory federal income tax rate and effective income tax rate is as follows for the three-month periods ended March 31, 2017 and 2016: Three Months Ended 2017 2016 Statutory federal income tax rate 35.00 % 35.00 % Effect of non-taxable (1.51 ) (1.62 ) Effect of gain on acquisitions (1.84 ) — Stock compensation (1.09 ) — State income taxes, net of federal benefit 3.93 4.07 Other 0.64 (0.06 ) Effective income tax rate 35.13 % 37.39 % The types of temporary differences between the tax basis of assets and liabilities and their financial reporting amounts that give rise to deferred income tax assets and liabilities, and their approximate tax effects, are as follows: March 31, 2017 December 31, 2016 (In thousands) Deferred tax assets: Allowance for loan losses $ 32,284 $ 31,381 Deferred compensation 1,894 3,925 Stock compensation 2,671 669 Real estate owned 2,538 2,296 Loan discounts 13,728 9,157 Tax basis premium/discount on acquisitions 14,270 14,757 Investments 2,187 1,957 Other 10,023 8,361 Gross deferred tax assets 79,595 72,503 Deferred tax liabilities: Accelerated depreciation on premises and equipment 1,644 2,154 Unrealized gain on securities available-for-sale 653 258 Core deposit intangibles 6,327 4,950 FHLB dividends 1,926 1,926 Other 1,982 1,917 Gross deferred tax liabilities 12,532 11,205 Net deferred tax assets $ 67,063 $ 61,298 The Company and its subsidiaries file income tax returns in the U.S. federal jurisdiction and the states of Arkansas, Alabama, Florida and New York. The Company is no longer subject to U.S. federal and state tax examinations by tax authorities for years before 2012. |
Common Stock, Compensation Plan
Common Stock, Compensation Plans and Other | 3 Months Ended |
Mar. 31, 2017 | |
Equity [Abstract] | |
Common Stock, Compensation Plans and Other | 14. Common Stock, Compensation Plans and Other Common Stock On April 21, 2016 at the Annual Meeting of Shareholders of the Company, the shareholders approved, as proposed in the Proxy Statement, an amendment to the Company’s Restated Articles of Incorporation to increase the number of authorized shares of common stock from 100,000,000 to 200,000,000. The Company also has the authority to issue up to 5,500,000 shares of preferred stock, par value $0.01 per share under the Company’s Restated Articles of Incorporation. On April 21, 2016, the Company’s Board of Directors declared a two-for-one two-for-one Stock Compensation Plans The Company has a stock option and performance incentive plan known as the Amended and Restated 2006 Stock Option and Performance Incentive Plan (the “Plan”). The purpose of the Plan is to attract and retain highly qualified officers, directors, key employees, and other persons, and to motivate those persons to improve the Company’s business results. On April 21, 2016 at the Annual Meeting of Shareholders of the Company, the shareholders approved, as proposed in the Proxy Statement, an amendment to the Plan to increase the number of shares of the Company’s common stock available for issuance under the Plan by 2,000,000 shares (split adjusted) to 11,288,000 shares (split adjusted). The Plan provides for the granting of incentive and non-qualified The intrinsic value of the stock options outstanding and stock options vested at March 31, 2017 was $26.1 million and $12.6 million, respectively. Total unrecognized compensation cost, net of income tax benefit, related to non-vested non-vested The table below summarizes the stock option transactions under the Plan at March 31, 2017 and December 31, 2016 and changes during the three-month period and year then ended: For the Three Months For the Year Ended December 31, 2016 Shares (000) Weighted- Shares (000) Weighted- Outstanding, beginning of year 2,397 $ 15.19 2,794 $ 12.71 Granted — — 140 21.25 Forfeited/Expired — — (14 ) 17.28 Exercised (109 ) 5.46 (523 ) 3.50 Outstanding, end of period 2,288 15.65 2,397 15.19 Exercisable, end of period 829 11.90 639 $ 8.88 Stock-based compensation expense for stock-based compensation awards granted is based on the grant-date fair value. For stock option awards, the fair value is estimated at the date of grant using the Black-Scholes option-pricing model. This model requires the input of highly subjective assumptions, changes to which can materially affect the fair value estimate. Additionally, there may be other factors that would otherwise have a significant effect on the value of employee stock options granted but are not considered by the model. Accordingly, while management believes that the Black-Scholes option-pricing model provides a reasonable estimate of fair value, the model does not necessarily provide the best single measure of fair value for the Company’s employee stock options. No options were granted during the three months ended March 31, 2017. The weighted-average fair value of options granted during the year ended December 31, 2016 was $5.08 per share (split adjusted). The fair value of each option granted is estimated on the date of grant using the Black-Scholes option-pricing model based on the weighted-average assumptions for expected dividend yield, expected stock price volatility, risk-free interest rate, and expected life of options granted. For the Three Months Ended For the Year Ended Expected dividend yield Not applicable 1.65 % Expected stock price volatility Not applicable 26.66 % Risk-free interest rate Not applicable 1.65 % Expected life of options Not applicable 6.5 years The following is a summary of currently outstanding and exercisable options at March 31, 2017: Options Outstanding Options Exercisable Exercise Prices Options Outstanding (000) Weighted- Average Remaining Life (in years) Weighted- Average Exercise Price Options Exercisable Shares (000) Weighted- Average Exercise Price $2.10 to $2.66 22 1.78 $ 2.51 22 $ 2.51 $4.27 to $4.62 97 0.78 4.28 97 4.28 $5.08 to $6.56 138 4.44 6.46 138 6.46 $8.62 to $9.54 284 5.93 9.09 192 9.00 $14.71 to $16.86 262 7.51 16.00 100 15.96 $17.12 to $17.40 215 7.68 17.19 62 17.26 $18.46 to $18.46 1,050 8.40 18.46 184 18.46 $20.16 to $20.58 80 8.52 20.37 14 20.34 $21.25 to $21.25 140 9.06 21.25 20 21.25 2,288 829 The table below summarized the activity for the Company’s restricted stock issued and outstanding (split adjusted) at March 31, 2017 and December 31, 2016 and changes during the period and year then ended: As of March 31, 2017 As of December 31, 2016 (In thousands) Beginning of year 958 975 Issued 141 244 Vested (43 ) (256 ) Forfeited — (5 ) End of period 1,056 958 Amount of expense for three months and twelve months ended, respectively $ 1,303 $ 4,049 Total unrecognized compensation cost, net of income tax benefit, related to non-vested |
Non-Interest Expense
Non-Interest Expense | 3 Months Ended |
Mar. 31, 2017 | |
Text Block [Abstract] | |
Non-Interest Expense | 15. Non-Interest The table below shows the components of non-interest Three Months Ended 2017 2016 (In thousands) Salaries and employee benefits $ 27,421 $ 23,958 Occupancy and equipment 6,681 6,671 Data processing expense 2,723 2,664 Other operating expenses: Advertising 698 823 Merger and acquisition expenses 6,727 — Amortization of intangibles 804 845 Electronic banking expense 1,519 1,456 Directors’ fees 313 275 Due from bank service charges 420 305 FDIC and state assessment 1,288 1,446 Insurance 578 533 Legal and accounting 627 523 Other professional fees 1,153 925 Operating supplies 467 436 Postage 286 286 Telephone 324 487 Other expense 3,112 4,015 Total other operating expenses 18,316 12,355 Total non-interest $ 55,141 $ 45,648 |
Significant Estimates and Conce
Significant Estimates and Concentrations of Credit Risks | 3 Months Ended |
Mar. 31, 2017 | |
Text Block [Abstract] | |
Significant Estimates and Concentrations of Credit Risks | 16. Significant Estimates and Concentrations of Credit Risks Accounting principles generally accepted in the United States of America require disclosure of certain significant estimates and current vulnerabilities due to certain concentrations. Estimates related to the allowance for loan losses and certain concentrations of credit risk are reflected in Note 5, while deposit concentrations are reflected in Note 8. The Company’s primary market areas are in Arkansas, Florida, South Alabama and New York. The Company primarily grants loans to customers located within these markets unless the borrower has an established relationship with the Company. The diversity of the Company’s economic base tends to provide a stable lending environment. Although the Company has a loan portfolio that is diversified in both industry and geographic area, a substantial portion of its debtors’ ability to honor their contracts is dependent upon real estate values, tourism demand and the economic conditions prevailing in its market areas. Although the Company has a diversified loan portfolio, at March 31, 2017 and December 31, 2016, commercial real estate loans represented 60.6% and 59.1% of total loans receivable, respectively, and 330.2% and 328.9% of total stockholders’ equity, respectively. Residential real estate loans represented 24.2% and 23.0% of total loans receivable and 131.7% and 127.8% of total stockholders’ equity at March 31, 2017 and December 31, 2016, respectively. Approximately 85.9% of the Company’s total loans and 86.5% of the Company’s real estate loans as of March 31, 2017, are to borrowers whose collateral is located in Alabama, Arkansas, Florida and New York, the states in which the Company has its branch locations. Although general economic conditions in our market areas have improved, both nationally and locally, over the past three years and have shown signs of continued improvement, financial institutions still face circumstances and challenges which, in some cases, have resulted and could potentially result, in large declines in the fair values of investments and other assets, constraints on liquidity and significant credit quality problems, including severe volatility in the valuation of real estate and other collateral supporting loans. The financial statements have been prepared using values and information currently available to the Company. Any future volatility in the economy could cause the values of assets and liabilities recorded in the financial statements to change rapidly, resulting in material future adjustments in asset values, the allowance for loan losses and capital that could negatively impact the Company’s ability to meet regulatory capital requirements and maintain sufficient liquidity. |
Commitments and Contingencies
Commitments and Contingencies | 3 Months Ended |
Mar. 31, 2017 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies | 17. Commitments and Contingencies In the ordinary course of business, the Company makes various commitments and incurs certain contingent liabilities to fulfill the financing needs of their customers. These commitments and contingent liabilities include lines of credit and commitments to extend credit and issue standby letters of credit. The Company applies the same credit policies and standards as they do in the lending process when making these commitments. The collateral obtained is based on the assessed creditworthiness of the borrower. At March 31, 2017 and December 31, 2016, commitments to extend credit of $1.96 billion and $1.82 billion, respectively, were outstanding. A percentage of these balances are participated out to other banks; therefore, the Company can call on the participating banks to fund future draws. Since some of these commitments are expected to expire without being drawn upon, the total commitment amount does not necessarily represent future cash requirements. Outstanding standby letters of credit are contingent commitments issued by the Company, generally to guarantee the performance of a customer in third-party borrowing arrangements. The term of the guarantee is dependent upon the creditworthiness of the borrower, some of which are long-term. The amount of collateral obtained, if deemed necessary, is based on management’s credit evaluation of the counterparty. Collateral held varies but may include accounts receivable, inventory, property, plant and equipment, commercial real estate and residential real estate. Management uses the same credit policies in granting lines of credit as it does for on-balance-sheet The Company and/or its bank subsidiary have various unrelated legal proceedings, most of which involve loan foreclosure activity pending, which, in the aggregate, are not expected to have a material adverse effect on the financial position or results of operations or cash flows of the Company and its subsidiary. |
Regulatory Matters
Regulatory Matters | 3 Months Ended |
Mar. 31, 2017 | |
Banking and Thrift [Abstract] | |
Regulatory Matters | 18. Regulatory Matters The Bank is subject to a legal limitation on dividends that can be paid to the parent company without prior approval of the applicable regulatory agencies. Arkansas bank regulators have specified that the maximum dividend limit state banks may pay to the parent company without prior approval is 75% of the current year earnings plus 75% of the retained net earnings of the preceding year. Since the Bank is also under supervision of the Federal Reserve, it is further limited if the total of all dividends declared in any calendar year by the Bank exceeds the Bank’s net profits to date for that year combined with its retained net profits for the preceding two years. During the first quarter of 2017, the Company requested approximately $12.6 million in regular dividends from its banking subsidiary. This dividend is equal to approximately 26.0% of the Company’s banking subsidiary’s first quarter 2017 earnings. The Company’s banking subsidiary is subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company’s consolidated financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company must meet specific capital guidelines that involve quantitative measures of the Company’s assets, liabilities and certain off-balance-sheet Quantitative measures established by regulation to ensure capital adequacy require the Company to maintain minimum amounts and ratios of total, common Tier 1 equity and Tier 1 capital (as defined in the regulations) to risk-weighted assets (as defined) and of Tier 1 capital (as defined) to average assets (as defined). Management believes that, as of March 31, 2017, the Company meets all capital adequacy requirements to which it is subject. The Federal Reserve Board’s risk-based capital guidelines include the definitions for (1) a well-capitalized institution, (2) an adequately-capitalized institution, and (3) an undercapitalized institution. Under Basel III, the criteria for a well-capitalized institution are now: a 6.5% “common equity Tier 1 risk-based capital” ratio, a 5% “Tier 1 leverage capital” ratio, an 8% “Tier 1 risk-based capital” ratio, and a 10% “total risk-based capital” ratio. As of March 31, 2017, the Bank met the capital standards for a well-capitalized institution. The Company’s “common equity Tier 1 risk-based capital” ratio, “Tier 1 leverage capital” ratio, “Tier 1 risk-based capital” ratio, and “total risk-based capital” ratio were 11.39%, 10.88%, 12.06%, and 12.98%, respectively, as of March 31, 2017. |
Additional Cash Flow Informatio
Additional Cash Flow Information | 3 Months Ended |
Mar. 31, 2017 | |
Supplemental Cash Flow Elements [Abstract] | |
Additional Cash Flow Information | 19. Additional Cash Flow Information In connection with the GHI acquisition, accounted for using the purchase method, the Company acquired approximately $398.1 million in assets, including $41.0 million in cash and cash equivalents, assumed $345.0 million in liabilities, issued 2,738,038 shares of its common stock valued at approximately $77.5 million as of February 23, 2017, and paid approximately $18.5 million in cash in exchange for all outstanding shares of GHI common stock. In connection with the BOC acquisition, accounted for using the purchase method, the Company acquired approximately $178.1 million in assets, including $4.6 million in cash and cash equivalents, assumed $170.1 million in liabilities, issued no equity and paid of approximately $4.2 million in cash. As a result, the Company recorded a bargain purchase gain of $3.8 million. The following is a summary of the Company’s additional cash flow information during the three-month periods ended: March 31, 2017 2016 (In thousands) Interest paid $ 2,209 $ 7,140 Income taxes paid — 1,010 Assets acquired by foreclosure 2,041 4,219 |
Financial Instruments
Financial Instruments | 3 Months Ended |
Mar. 31, 2017 | |
Fair Value Disclosures [Abstract] | |
Financial Instruments | 20. Financial Instruments Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value measurements must maximize the use of observable inputs and minimize the use of unobservable inputs. There is a hierarchy of three levels of inputs that may be used to measure fair value: Level 1 Quoted prices in active markets for identical assets or liabilities Level 2 Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities Level 3 Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities Available-for-sale The Company reviews the prices supplied by the independent pricing service, as well as their underlying pricing methodologies, for reasonableness and to ensure such prices are aligned with traditional pricing matrices. In general, the Company does not purchase investment portfolio securities with complicated structures. Pricing for the Company’s investment securities is fairly generic and is easily obtained. Impaired loans that are collateral dependent are the only material financial assets valued on a non-recurring non-accrual Foreclosed assets held for sale are the only material non-financial non-recurring Foreclosed assets held for sale with a carrying value of approximately $2.1 million were remeasured during the three months ended March 31, 2017, resulting in a write-down of approximately $812,000. Regulatory guidelines require us to reevaluate the fair value of foreclosed assets held for sale on at least an annual basis. Our policy is to comply with the regulatory guidelines. The significant unobservable (Level 3) inputs used in the fair value measurement of collateral for collateral-dependent impaired loans and foreclosed assets primarily relate to customized discounting criteria applied to the customer’s reported amount of collateral. The amount of the collateral discount depends upon the condition and marketability of the underlying collateral. As the Company’s primary objective in the event of default would be to monetize the collateral to settle the outstanding balance of the loan, less marketable collateral would receive a larger discount. During the reported periods, collateral discounts ranged from 20% to 50% for commercial and residential real estate collateral. Fair Values of Financial Instruments The following methods and assumptions were used by the Company in estimating fair values of financial instruments as disclosed in these notes: Cash and cash equivalents and federal funds sold Investment securities – held-to-maturity Loans receivable, net of impaired loans and allowance FDIC indemnification asset Accrued interest receivable – Deposits and securities sold under agreements to repurchase FHLB and other borrowed funds Accrued interest payable Subordinated debentures Commitments to extend credit, letters of credit and lines of credit The following table presents the estimated fair values of the Company’s financial instruments. The fair values of certain of these instruments were calculated by discounting expected cash flows, which involves significant judgments by management and uncertainties. Fair value is the estimated amount at which financial assets or liabilities could be exchanged in a current transaction between willing parties other than in a forced or liquidation sale. Because no market exists for certain of these financial instruments and because management does not intend to sell these financial instruments, the Company does not know whether the fair values shown below represent values at which the respective financial instruments could be sold individually or in the aggregate. March 31, 2017 Carrying Fair Value Level (In thousands) Financial assets: Cash and cash equivalents $ 417,089 $ 417,089 1 Federal funds sold 1,700 1,700 1 Investment securities – held-to-maturity 276,599 279,806 2 Loans receivable, net of impaired loans and allowance 7,682,422 7,553,996 3 Accrued interest receivable 32,413 32,413 1 Financial liabilities: Deposits: Demand and non-interest $ 1,862,996 $ 1,862,996 1 Savings and interest-bearing transaction accounts 4,274,194 4,274,194 1 Time deposits 1,430,017 1,424,517 3 Federal funds purchased — — N/A Securities sold under agreements to repurchase 123,793 123,793 1 FHLB and other borrowed funds 1,455,040 1,456,258 2 Accrued interest payable 2,209 2,209 1 Subordinated debentures 60,735 60,735 3 December 31, 2016 Carrying Amount Fair Value Level (In thousands) Financial assets: Cash and cash equivalents $ 216,649 $ 216,649 1 Federal funds sold 1,550 1,550 1 Investment securities – held-to-maturity 284,176 287,038 2 Loans receivable, net of impaired loans and allowance 7,216,199 7,131,199 3 Accrued interest receivable 30,838 30,838 1 Financial liabilities: Deposits: Demand and non-interest $ 1,695,184 $ 1,695,184 1 Savings and interest-bearing transaction accounts 3,963,241 3,963,241 1 Time deposits 1,284,002 1,275,634 3 Securities sold under agreements to repurchase 121,290 121,290 1 FHLB and other borrowed funds 1,305,198 1,311,280 2 Accrued interest payable 1,920 1,920 1 Subordinated debentures 60,826 60,826 3 |
Recent Accounting Pronouncement
Recent Accounting Pronouncements | 3 Months Ended |
Mar. 31, 2017 | |
Accounting Changes and Error Corrections [Abstract] | |
Recent Accounting Pronouncements | 21. Recent Accounting Pronouncements In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606) 2014-09 No. 2015-14, Revenue from Contracts with Customers (Topic 606) 2016-10, Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing 2014-09 2014-10’s 2014-09. 2016-12, Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients 2014-09. 2016-12’s 2014-09 The guidance issued in ASU 2014-09, 2015-14, 2016-10 2016-12 In June 2014, the FASB issued ASU 2014-12, Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period, Transfers and Servicing In February 2015, the FASB issued ASU 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis, 2015-02 In September 2015, the FASB issued ASU 2015-16, Simplifying the Accounting for Measurement-Period Adjustments 2015-16 2015-16 2015-16 In January 2016, the FASB issued ASU 2016-01, Financial Instruments – Overall (Subtopic 825-10): 2016-01 available-for-sale In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). 2016-02 2016-02 2016-02 right-of-use 10-K In March 2016, the FASB issued ASU 2016-09, Compensation – Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting 2016-09 2016-09 paid-in 2016-09. In May 2016, the FASB issued ASU 2016-11, Revenue Recognition (Topic 605) and Derivatives and Hedging (Topic 815): Rescission of SEC Guidance Because of Accounting Standards Updates 2014-09 2014-16 3, 2016 EITF Meeting (SEC Update) 2016-11 2014-09 2014-16. 2016-11 In June 2016, the FASB issued ASU 2016-13, Measurement of Credit Losses on Financial Instruments 2016-13 2016-13 2016-13 held-to-maturity available-for-sale 2016-13 in-house In August 2016, the FASB issued ASU 2016-15, Classification of Certain Cash Receipts and Cash Payments, 2016-15 2016-15’s zero-coupon 2016-15 2016-15 In October 2016, the FASB issued ASU 2016-16, Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory 2016-16 In November 2016, the FASB issued ASU 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash (a consensus of the FASB Emerging Issues Task Force) 2016-18 In January 2017, the FASB issued ASU 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business 2017-01 In January 2017, the FASB issued ASU 2017-03, Accounting Changes and Error Corrections (Topic 250) and Investments – Equity Method and Joint Ventures (Topic 323) 2016-02, Leases 2014-09, Revenue from Contracts with Customers In January 2017, the FASB issued ASU 2017-04, Intangibles – Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment more-likely-than-not In February 2017, the FASB issued ASU 2017-05, Other Income: Gains and Losses from the Derecognition of Nonfinancial Assets 610-20) in-substance 610-20-55-15 55-16. 2017-05 In March 2017, the FASB issued ASU 2017-08, Receivables – Nonrefundable Fees and Other Costs (Topic 310): Premium Amortization on Purchased Callable Debt Securities 2017-08 |
Subsequent Events
Subsequent Events | 3 Months Ended |
Mar. 31, 2017 | |
Subsequent Events [Abstract] | |
Subsequent Events | 22. Subsequent Events Subordinated Debt Issuance Fixed-to-Floating |
Nature of Operations and Summ32
Nature of Operations and Summary of Significant Accounting Policies (Policies) | 3 Months Ended |
Mar. 31, 2017 | |
Operating Segments | Operating Segments Operating segments are components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and in assessing performance. The Bank is the only significant subsidiary upon which management makes decisions regarding how to allocate resources and assess performance. Each of the branches of the Bank provide a group of similar community banking services, including such products and services as commercial, real estate and consumer loans, time deposits, checking and savings accounts. The individual bank branches have similar operating and economic characteristics. While the chief decision maker monitors the revenue streams of the various products, services and branch locations, operations are managed and financial performance is evaluated on a Company-wide basis. Accordingly, all of the community banking services and branch locations are considered by management to be aggregated into one reportable operating segment, community banking. |
Use of Estimates | Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change relate to the determination of the allowance for loan losses, the valuation of investment securities, the valuation of foreclosed assets and the valuations of assets acquired and liabilities assumed in business combinations. In connection with the determination of the allowance for loan losses and the valuation of foreclosed assets, management obtains independent appraisals for significant properties. |
Principles of Consolidation | Principles of Consolidation The consolidated financial statements include the accounts of HBI and its subsidiaries. Significant intercompany accounts and transactions have been eliminated in consolidation. |
Reclassifications | Reclassifications Various items within the accompanying consolidated financial statements for previous years have been reclassified to provide more comparative information. These reclassifications had no effect on net earnings or stockholders’ equity. |
Interim financial information | Interim financial information The accompanying unaudited consolidated financial statements as of March 31, 2017 and 2016 have been prepared in condensed format, and therefore do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statements. The information furnished in these interim statements reflects all adjustments which are, in the opinion of management, necessary for a fair statement of the results for each respective period presented. Such adjustments are of a normal recurring nature. The results of operations in the interim statements are not necessarily indicative of the results that may be expected for any other quarter or for the full year. The interim financial information should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s 2016 Form 10-K, |
Earnings per Share | Earnings per Share Basic earnings per share is computed based on the weighted-average number of shares outstanding during each year, which have been restated to reflect the effect of the 2-for-1 Three Months Ended March 31, 2017 2016 (In thousands) Net income $ 46,856 $ 41,427 Average shares outstanding 141,785 140,390 Effect of common stock based compensation 707 297 Average diluted shares outstanding 142,492 140,687 Basic earnings per share $ 0.33 $ 0.30 Diluted earnings per share 0.33 0.29 |
Fair Value Measurement | Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value measurements must maximize the use of observable inputs and minimize the use of unobservable inputs. There is a hierarchy of three levels of inputs that may be used to measure fair value: Level 1 Quoted prices in active markets for identical assets or liabilities Level 2 Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities Level 3 Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities Available-for-sale The Company reviews the prices supplied by the independent pricing service, as well as their underlying pricing methodologies, for reasonableness and to ensure such prices are aligned with traditional pricing matrices. In general, the Company does not purchase investment portfolio securities with complicated structures. Pricing for the Company’s investment securities is fairly generic and is easily obtained. Impaired loans that are collateral dependent are the only material financial assets valued on a non-recurring non-accrual Foreclosed assets held for sale are the only material non-financial non-recurring Foreclosed assets held for sale with a carrying value of approximately $2.1 million were remeasured during the three months ended March 31, 2017, resulting in a write-down of approximately $812,000. Regulatory guidelines require us to reevaluate the fair value of foreclosed assets held for sale on at least an annual basis. Our policy is to comply with the regulatory guidelines. The significant unobservable (Level 3) inputs used in the fair value measurement of collateral for collateral-dependent impaired loans and foreclosed assets primarily relate to customized discounting criteria applied to the customer’s reported amount of collateral. The amount of the collateral discount depends upon the condition and marketability of the underlying collateral. As the Company’s primary objective in the event of default would be to monetize the collateral to settle the outstanding balance of the loan, less marketable collateral would receive a larger discount. During the reported periods, collateral discounts ranged from 20% to 50% for commercial and residential real estate collateral. Fair Values of Financial Instruments The following methods and assumptions were used by the Company in estimating fair values of financial instruments as disclosed in these notes: Cash and cash equivalents and federal funds sold Investment securities – held-to-maturity Loans receivable, net of impaired loans and allowance FDIC indemnification asset Accrued interest receivable – Deposits and securities sold under agreements to repurchase FHLB and other borrowed funds Accrued interest payable Subordinated debentures Commitments to extend credit, letters of credit and lines of credit The following table presents the estimated fair values of the Company’s financial instruments. The fair values of certain of these instruments were calculated by discounting expected cash flows, which involves significant judgments by management and uncertainties. Fair value is the estimated amount at which financial assets or liabilities could be exchanged in a current transaction between willing parties other than in a forced or liquidation sale. Because no market exists for certain of these financial instruments and because management does not intend to sell these financial instruments, the Company does not know whether the fair values shown below represent values at which the respective financial instruments could be sold individually or in the aggregate. March 31, 2017 Carrying Fair Value Level (In thousands) Financial assets: Cash and cash equivalents $ 417,089 $ 417,089 1 Federal funds sold 1,700 1,700 1 Investment securities – held-to-maturity 276,599 279,806 2 Loans receivable, net of impaired loans and allowance 7,682,422 7,553,996 3 Accrued interest receivable 32,413 32,413 1 Financial liabilities: Deposits: Demand and non-interest $ 1,862,996 $ 1,862,996 1 Savings and interest-bearing transaction accounts 4,274,194 4,274,194 1 Time deposits 1,430,017 1,424,517 3 Federal funds purchased — — N/A Securities sold under agreements to repurchase 123,793 123,793 1 FHLB and other borrowed funds 1,455,040 1,456,258 2 Accrued interest payable 2,209 2,209 1 Subordinated debentures 60,735 60,735 3 December 31, 2016 Carrying Amount Fair Value Level (In thousands) Financial assets: Cash and cash equivalents $ 216,649 $ 216,649 1 Federal funds sold 1,550 1,550 1 Investment securities – held-to-maturity 284,176 287,038 2 Loans receivable, net of impaired loans and allowance 7,216,199 7,131,199 3 Accrued interest receivable 30,838 30,838 1 Financial liabilities: Deposits: Demand and non-interest $ 1,695,184 $ 1,695,184 1 Savings and interest-bearing transaction accounts 3,963,241 3,963,241 1 Time deposits 1,284,002 1,275,634 3 Securities sold under agreements to repurchase 121,290 121,290 1 FHLB and other borrowed funds 1,305,198 1,311,280 2 Accrued interest payable 1,920 1,920 1 Subordinated debentures 60,826 60,826 3 |
Recent Accounting Pronouncements | In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606) 2014-09 No. 2015-14, Revenue from Contracts with Customers (Topic 606) 2016-10, Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing 2014-09 2014-10’s 2014-09. 2016-12, Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients 2014-09. 2016-12’s 2014-09 The guidance issued in ASU 2014-09, 2015-14, 2016-10 2016-12 In June 2014, the FASB issued ASU 2014-12, Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period, Transfers and Servicing In February 2015, the FASB issued ASU 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis, 2015-02 In September 2015, the FASB issued ASU 2015-16, Simplifying the Accounting for Measurement-Period Adjustments 2015-16 2015-16 2015-16 In January 2016, the FASB issued ASU 2016-01, Financial Instruments – Overall (Subtopic 825-10): 2016-01 available-for-sale In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). 2016-02 2016-02 2016-02 right-of-use 10-K In March 2016, the FASB issued ASU 2016-09, Compensation – Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting 2016-09 2016-09 paid-in 2016-09. In May 2016, the FASB issued ASU 2016-11, Revenue Recognition (Topic 605) and Derivatives and Hedging (Topic 815): Rescission of SEC Guidance Because of Accounting Standards Updates 2014-09 2014-16 3, 2016 EITF Meeting (SEC Update) 2016-11 2014-09 2014-16. 2016-11 In June 2016, the FASB issued ASU 2016-13, Measurement of Credit Losses on Financial Instruments 2016-13 2016-13 2016-13 held-to-maturity available-for-sale 2016-13 in-house In August 2016, the FASB issued ASU 2016-15, Classification of Certain Cash Receipts and Cash Payments, 2016-15 2016-15’s zero-coupon 2016-15 2016-15 In October 2016, the FASB issued ASU 2016-16, Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory 2016-16 In November 2016, the FASB issued ASU 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash (a consensus of the FASB Emerging Issues Task Force) 2016-18 In January 2017, the FASB issued ASU 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business 2017-01 In January 2017, the FASB issued ASU 2017-03, Accounting Changes and Error Corrections (Topic 250) and Investments – Equity Method and Joint Ventures (Topic 323) 2016-02, Leases 2014-09, Revenue from Contracts with Customers In January 2017, the FASB issued ASU 2017-04, Intangibles – Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment more-likely-than-not In February 2017, the FASB issued ASU 2017-05, Other Income: Gains and Losses from the Derecognition of Nonfinancial Assets 610-20) in-substance 610-20-55-15 55-16. 2017-05 In March 2017, the FASB issued ASU 2017-08, Receivables – Nonrefundable Fees and Other Costs (Topic 310): Premium Amortization on Purchased Callable Debt Securities 2017-08 |
Giant Holdings, Inc. [Member] | |
Business Combinations | The Company has determined that the acquisition of the net assets of GHI constitutes a business combination as defined by the ASC Topic 805. Accordingly, the assets acquired and liabilities assumed are presented at their fair values as required. Fair values were determined based on the requirements of ASC Topic 820. In many cases, the determination of these fair values required management to make estimates about discount rates, future expected cash flows, market conditions and other future events that are highly subjective in nature and subject to change. |
Nonrefundable Fees and Other Costs | The Company evaluated $106.8 million of the loans purchased in conjunction with the acquisition in accordance with the provisions of FASB ASC Topic 310-20, Nonrefundable Fees and Other Costs, |
The Bank of Commerce [Member] | |
Business Combinations | The Company has determined that the acquisition of the net assets of BOC constitutes a business combination as defined by the ASC Topic 805. Accordingly, the assets acquired and liabilities assumed are presented at their fair values as required. Fair values were determined based on the requirements of ASC Topic 820. In many cases, the determination of these fair values required management to make estimates about discount rates, future expected cash flows, market conditions and other future events that are highly subjective in nature and subject to change. |
Nonrefundable Fees and Other Costs | The Company evaluated $106.8 million of the loans purchased in conjunction with the acquisition in accordance with the provisions of FASB ASC Topic 310-20, Nonrefundable Fees and Other Costs, |
Nature of Operations and Summ33
Nature of Operations and Summary of Significant Accounting Policies (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Computation of Basic and Diluted Earnings per Common Share (EPS) | The following table sets forth the computation of basic and diluted earnings per share (“EPS”) for the following periods: Three Months Ended March 31, 2017 2016 (In thousands) Net income $ 46,856 $ 41,427 Average shares outstanding 141,785 140,390 Effect of common stock based compensation 707 297 Average diluted shares outstanding 142,492 140,687 Basic earnings per share $ 0.33 $ 0.30 Diluted earnings per share 0.33 0.29 |
Business Combinations (Tables)
Business Combinations (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Giant Holdings, Inc. [Member] | |
Breakdown of Assets Acquired and Liabilities Assumed | The following schedule is a breakdown of the assets acquired and liabilities assumed as of the acquisition date: Giant Holdings, Inc. Acquired from GHI Fair Value As by HBI (Dollars in thousands) Assets Cash and due from banks $ 41,019 $ — $ 41,019 Interest-bearing deposits with other banks 4,057 1 4,058 Investment securities 1,961 (5 ) 1,956 Loans receivable 335,886 (6,517 ) 329,369 Allowance for loan losses (4,568 ) 4,568 — Loans receivable, net 331,318 (1,949 ) 329,369 Bank premises and equipment, net 2,111 608 2,719 Cash value of life insurance 10,861 — 10,861 Accrued interest receivable 850 — 850 Deferred tax asset 2,286 1,807 4,093 Core deposit intangible 172 3,238 3,410 Other assets 254 (489 ) (235 ) Total assets acquired $ 394,889 $ 3,211 $ 398,100 Liabilities Deposits Demand and non-interest-bearing $ 75,993 $ — $ 75,993 Savings and interest-bearing transaction accounts 139,459 — 139,459 Time deposits 88,219 324 88,543 Total deposits 303,671 324 303,995 FHLB borrowed funds 26,047 431 26,478 Accrued interest payable and other liabilities 14,552 18 14,570 Total liabilities assumed 344,270 773 345,043 Equity Total equity assumed 50,619 (50,619 ) — Total liabilities and equity assumed $ 394,889 $ (49,846 ) 345,043 Net assets acquired 53,057 Purchase price 96,015 Goodwill $ 42,958 |
The Bank of Commerce [Member] | |
Breakdown of Assets Acquired and Liabilities Assumed | The following schedule is a breakdown of the assets acquired and liabilities assumed as of the acquisition date: The Bank of Commerce Acquired from BOC Fair Value As by HBI (Dollars in thousands) Assets Cash and due from banks $ 4,610 $ — $ 4,610 Interest-bearing deposits with other banks 14,360 — 14,360 Investment securities 25,926 (113 ) 25,813 Loans receivable 124,289 (5,751 ) 118,538 Allowance for loan losses (2,037 ) 2,037 — Loans receivable, net 122,252 (3,714 ) 118,538 Bank premises and equipment, net 1,887 — 1,887 Foreclosed assets held for sale 8,523 (3,165 ) 5,358 Accrued interest receivable 481 — 481 Deferred tax asset — 4,198 4,198 Core deposit intangible — 968 968 Other assets 1,880 — 1,880 Total assets acquired $ 179,919 $ (1,826 ) $ 178,093 Liabilities Deposits Demand and non-interest-bearing $ 27,245 $ — $ 27,245 Savings and interest-bearing transaction accounts 32,300 — 32,300 Time deposits 79,945 270 80,215 Total deposits 139,490 270 139,760 FHLB borrowed funds 30,000 42 30,042 Accrued interest payable and other liabilities 564 (255 ) 309 Total liabilities assumed $ 170,054 $ 57 170,111 Net assets acquired 7,982 Purchase price 4,175 Pre-tax $ 3,807 |
Investment Securities (Tables)
Investment Securities (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Text Block [Abstract] | |
Amortized Cost and Estimated Fair Value of Investment Securities Classified as Available-for-Sale | The amortized cost and estimated fair value of investment securities that are classified as available-for-sale held-to-maturity March 31, 2017 Available-for-Sale Amortized Gross Gross Estimated (In thousands) U.S. government-sponsored enterprises $ 317,843 $ 976 $ (1,691 ) $ 317,128 Residential mortgage-backed securities 298,033 1,260 (1,681 ) 297,612 Commercial mortgage-backed securities 370,785 771 (2,450 ) 369,106 State and political subdivisions 224,946 3,860 (1,885 ) 226,921 Other securities 37,320 2,979 (476 ) 39,823 Total $ 1,248,927 $ 9,846 $ (8,183 ) $ 1,250,590 December 31, 2016 Available-for-Sale Amortized Gross Gross Estimated (In thousands) U.S. government-sponsored enterprises $ 237,439 $ 963 $ (1,641 ) $ 236,761 Residential mortgage-backed securities 259,037 1,226 (1,627 ) 258,636 Commercial mortgage-backed securities 322,316 845 (2,342 ) 320,819 State and political subdivisions 215,209 3,471 (2,181 ) 216,499 Other securities 38,261 2,603 (659 ) 40,205 Total $ 1,072,262 $ 9,108 $ (8,450 ) $ 1,072,920 |
Schedule of Amortized Cost and Estimated Fair Value of Investment Securities Classified as Held-to-Maturity | The amortized cost and estimated fair value of investment securities that are classified as available-for-sale held-to-maturity Held-to-Maturity Amortized Gross Gross Estimated (In thousands) U.S. government-sponsored enterprises $ 6,577 $ 35 $ (35 ) $ 6,577 Residential mortgage-backed securities 68,110 266 (266 ) 68,110 Commercial mortgage-backed securities 35,424 118 (63 ) 35,479 State and political subdivisions 166,488 3,277 (125 ) 169,640 Total $ 276,599 $ 3,696 $ (489 ) $ 279,806 Held-to-Maturity Amortized Gross Gross Estimated (In thousands) U.S. government-sponsored enterprises $ 6,637 $ 23 $ (32 ) $ 6,628 Residential mortgage-backed securities 71,956 267 (301 ) 71,922 Commercial mortgage-backed securities 35,863 107 (133 ) 35,837 State and political subdivisions 169,720 3,100 (169 ) 172,651 Total $ 284,176 $ 3,497 $ (635 ) $ 287,038 |
Amortized Cost and Estimated Fair Value of Securities Contractual Maturity | The amortized cost and estimated fair value of securities classified as available-for-sale held-to-maturity Available-for-Sale Held-to-Maturity Amortized Estimated Amortized Estimated Cost Fair Value Cost Fair Value (In thousands) Due in one year or less $ 181,428 $ 183,538 $ 77,535 $ 78,640 Due after one year through five years 771,067 772,436 120,449 122,526 Due after five years through ten years 202,619 201,299 20,202 20,251 Due after ten years 93,813 93,317 58,413 58,389 Total $ 1,248,927 $ 1,250,590 $ 276,599 $ 279,806 |
Unrealized Losses and Estimated Fair Value of Investment Securities Available for Sale and Held to Maturity | The following shows gross unrealized losses and estimated fair value of investment securities classified as available-for-sale held-to-maturity March 31, 2017 Less Than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses (In thousands) U.S. government-sponsored enterprises $ 125,871 $ (1,102 ) $ 80,096 $ (624 ) $ 205,967 $ (1,726 ) Residential mortgage-backed securities 193,650 (1,761 ) 13,695 (186 ) 207,345 (1,947 ) Commercial mortgage-backed securities 214,878 (2,024 ) 28,773 (489 ) 243,651 (2,513 ) State and political subdivisions 79,747 (2,010 ) — — 79,747 (2,010 ) Other securities 1,509 (106 ) 9,779 (370 ) 11,288 (476 ) Total $ 615,655 $ (7,003 ) $ 132,343 $ (1,669 ) $ 747,998 $ (8,672 ) December 31, 2016 Less Than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses (In thousands) U.S. government-sponsored enterprises $ 98,180 $ (1,031 ) $ 75,044 $ (642 ) $ 173,224 $ (1,673 ) Residential mortgage-backed securities 188,117 (1,742 ) 8,902 (186 ) 197,019 (1,928 ) Commercial mortgage-backed securities 202,289 (2,220 ) 21,020 (255 ) 223,309 (2,475 ) State and political subdivisions 94,309 (2,348 ) 500 (2 ) 94,809 (2,350 ) Other securities 1,540 (125 ) 12,687 (534 ) 14,227 (659 ) Total $ 584,435 $ (7,466 ) $ 118,153 $ (1,619 ) $ 702,588 $ (9,085 ) |
Schedule of Income Earned on Securities | Income earned on securities for the three months ended March 31, 2017 and 2016, is as follows: Three Months Ended March 31, 2017 2016 (In thousands) Taxable: Available-for-sale $ 4,794 $ 4,567 Held-to-maturity 684 883 Non-taxable: Available-for-sale 1,547 1,574 Held-to-maturity 1,397 1,241 Total $ 8,422 $ 8,265 |
Loans Receivable (Tables)
Loans Receivable (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Receivables [Abstract] | |
Summary of Various Categories of Loans Receivable | The various categories of loans receivable are summarized as follows: March 31, December 31, (In thousands) Real estate: Commercial real estate loans Non-farm/non-residential $ 3,462,773 $ 3,153,121 Construction/land development 1,217,519 1,135,843 Agricultural 79,940 77,736 Residential real estate loans Residential 1-4 1,493,133 1,356,136 Multifamily residential 404,815 340,926 Total real estate 6,658,180 6,063,762 Consumer 41,893 41,745 Commercial and industrial 1,013,403 1,123,213 Agricultural 69,307 74,673 Other 66,862 84,306 Total loans receivable $ 7,849,645 $ 7,387,699 |
Allowance for Loan Losses, Cr37
Allowance for Loan Losses, Credit Quality and Other (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Text Block [Abstract] | |
Summary of Changes in Allowance for Loan Losses | The following table presents a summary of changes in the allowance for loan losses: Three Months Ended March 31, 2017 (In thousands) Allowance for loan losses: Beginning balance $ 80,002 Loans charged off (4,706 ) Recoveries of loans previously charged off 1,101 Net loans recovered (charged off) (3,605 ) Provision for loan losses 3,914 Balance, March 31, 2017 $ 80,311 |
Balance of Allowance for Loan Losses | The following tables present the balance in the allowance for loan losses for the three-month period ended March 31, 2017, and the allowance for loan losses and recorded investment in loans based on portfolio segment by impairment method as of March 31, 2017. Allocation of a portion of the allowance to one type of loans does not preclude its availability to absorb losses in other categories. Three Months Ended March 31, 2017 Construction/ Land Other Commercial Residential Real Estate Commercial & Industrial Consumer & Other Unallocated Total (In thousands) Allowance for loan losses: Beginning balance $ 11,522 $ 28,188 $ 16,517 $ 12,756 $ 4,188 $ 6,831 $ 80,002 Loans charged off (207 ) (1,464 ) (1,891 ) (645 ) (499 ) — (4,706 ) Recoveries of loans previously charged off 199 331 133 182 256 — 1,101 Net loans recovered (charged off) (8 ) (1,133 ) (1,758 ) (463 ) (243 ) — (3,605 ) Provision for loan losses 559 1,868 3,481 1,091 (575 ) (2,510 ) 3,914 Balance, March 31 $ 12,073 $ 28,923 $ 18,240 $ 13,384 $ 3,370 $ 4,321 $ 80,311 As of March 31, 2017 Construction/ Land Other Commercial Residential Real Estate Commercial & Industrial Consumer & Other Unallocated Total (In thousands) Allowance for loan losses: Period end amount allocated to: Loans individually evaluated for impairment $ 120 $ 1,227 $ 268 $ 2,665 $ — $ — $ 4,280 Loans collectively evaluated for impairment 11,911 26,554 16,810 10,524 3,356 4,321 73,476 Loans evaluated for impairment balance, March 31 12,031 27,781 17,078 13,189 3,356 4,321 77,756 Purchased credit impaired loans 42 1,142 1,162 195 14 — 2,555 Balance, March 31 $ 12,073 $ 28,923 $ 18,240 $ 13,384 $ 3,370 $ 4,321 $ 80,311 Loans receivable: Period end amount allocated to: Loans individually evaluated for impairment $ 26,280 $ 65,717 $ 26,261 $ 11,705 $ 936 $ — $ 130,899 Loans collectively evaluated for impairment 1,173,985 3,397,782 1,820,480 988,840 174,458 — 7,555,545 Loans evaluated for impairment balance, March 31 1,200,265 3,463,499 1,846,741 1,000,545 175,394 — 7,686,444 Purchased credit impaired loans 17,254 79,214 51,207 12,858 2,668 — 163,201 Balance, March 31 $ 1,217,519 $ 3,542,713 $ 1,897,948 $ 1,013,403 $ 178,062 $ — $ 7,849,645 The following tables present the balances in the allowance for loan losses for the three-month period ended March 31, 2016 and the year ended December 31, 2016, and the allowance for loan losses and recorded investment in loans receivable based on portfolio segment by impairment method as of December 31, 2016. Allocation of a portion of the allowance to one type of loans does not preclude its availability to absorb losses in other categories. Year Ended December 31, 2016 Construction/ Land Other Commercial Residential Real Estate Commercial & Industrial Consumer & Other Unallocated Total (In thousands) Allowance for loan losses: Beginning balance $ 10,782 $ 26,798 $ 14,818 $ 9,324 $ 5,016 $ 2,486 $ 69,224 Loans charged off (87 ) (1,183 ) (1,309 ) (883 ) (485 ) — (3,947 ) Recoveries of loans previously charged off 19 38 475 529 291 — 1,352 Net loans recovered (charged off) (68 ) (1,145 ) (834 ) (354 ) (194 ) — (2,595 ) Provision for loan losses 996 3,706 1,166 1,064 695 (1,950 ) 5,677 Balance, March 31 11,710 29,359 15,150 10,034 5,517 536 72,306 Loans charged off (295 ) (2,403 ) (4,288 ) (4,895 ) (1,673 ) — (13,554 ) Recoveries of loans previously charged off 1,106 819 677 5,004 713 — 8,319 Net loans recovered (charged off) 811 (1,584 ) (3,611 ) 109 (960 ) — (5,235 ) Provision for loan losses (999 ) 413 4,978 2,613 (369 ) 6,295 12,931 Balance, December 31 $ 11,522 $ 28,188 $ 16,517 $ 12,756 $ 4,188 $ 6,831 $ 80,002 As of December 31, 2016 Construction/ Land Other Commercial Residential Real Estate Commercial & Industrial Consumer & Other Unallocated Total (In thousands) Allowance for loan losses: Period end amount allocated to: Loans individually evaluated for impairment $ 15 $ 1,416 $ 103 $ 95 $ — $ — $ 1,629 Loans collectively evaluated for impairment 11,463 25,641 15,796 12,596 4,176 6,831 76,503 Loans evaluated for impairment balance, December 31 11,478 27,057 15,899 12,691 4,176 6,831 78,132 Purchased credit impaired loans 44 1,131 618 65 12 — 1,870 Balance, December 31 $ 11,522 $ 28,188 $ 16,517 $ 12,756 $ 4,188 $ 6,831 $ 80,002 Loans receivable: Period end amount allocated to: Loans individually evaluated for impairment $ 12,374 $ 74,723 $ 35,187 $ 25,873 $ 1,096 $ — $ 149,253 Loans collectively evaluated for impairment 1,105,921 3,080,201 1,608,805 1,085,891 198,064 — 7,078,882 Loans evaluated for impairment balance, December 31 1,118,295 3,154,924 1,643,992 1,111,764 199,160 — 7,228,135 Purchased credit impaired loans 17,548 75,933 53,070 11,449 1,564 — 159,564 Balance, December 31 $ 1,135,843 $ 3,230,857 $ 1,697,062 $ 1,123,213 $ 200,724 $ — $ 7,387,699 |
Summary of Aging Analysis for Loans Receivable | The following is an aging analysis for loans receivable as of March 31, 2017 and December 31, 2016: March 31, 2017 Loans Past Due 30-59 Days Loans Past Due 60-89 Days Loans Past Due 90 Days or More Total Past Due Current Loans Total Loans Receivable Accruing Loans Past Due 90 Days or More (In thousands) Real estate: Commercial real estate loans Non-farm/non-residential $ 2,580 $ 1,105 $ 25,591 $ 29,276 $ 3,433,497 $ 3,462,773 $ 9,009 Construction/land development 1,460 32 6,802 8,294 1,209,225 1,217,519 3,112 Agricultural — — 156 156 79,784 79,940 — Residential real estate loans Residential 1-4 6,292 595 22,000 28,887 1,464,246 1,493,133 3,118 Multifamily residential 412 — 255 667 404,148 404,815 — Total real estate 10,744 1,732 54,804 67,280 6,590,900 6,658,180 15,239 Consumer 204 57 172 433 41,460 41,893 10 Commercial and industrial 1,785 582 3,458 5,825 1,007,578 1,013,403 139 Agricultural and other 328 6 764 1,098 135,071 136,169 — Total $ 13,061 $ 2,377 $ 59,198 $ 74,636 $ 7,775,009 $ 7,849,645 $ 15,388 December 31, 2016 Loans Past Due 30-59 Days Loans Past Due 60-89 Days Loans Past Due 90 Days or More Total Past Due Current Loans Total Loans Receivable Accruing Loans Past Due 90 Days or More (In thousands) Real estate: Commercial real estate loans Non-farm/non-residential $ 2,036 $ 686 $ 27,518 $ 30,240 $ 3,122,881 $ 3,153,121 $ 9,530 Construction/land development 685 16 7,042 7,743 1,128,100 1,135,843 3,086 Agricultural — — 435 435 77,301 77,736 — Residential real estate loans Residential 1-4 6,972 1,287 23,307 31,566 1,324,570 1,356,136 2,996 Multifamily residential — — 262 262 340,664 340,926 — Total real estate 9,693 1,989 58,564 70,246 5,993,516 6,063,762 15,612 Consumer 117 66 161 344 41,401 41,745 21 Commercial and industrial 984 582 3,464 5,030 1,118,183 1,123,213 309 Agricultural and other 782 10 935 1,727 157,252 158,979 — Total $ 11,576 $ 2,647 $ 63,124 $ 77,347 $ 7,310,352 $ 7,387,699 $ 15,942 |
Summary of Impaired Loans | The following is a summary of the impaired loans as of March 31, 2017 and December 31, 2016: March 31, 2017 Three Months Ended Unpaid Total Allocation of Allowance Average Interest Recognized (In thousands) Loans without a specific valuation allowance Real estate: Commercial real estate loans Non-farm/non-residential $ — $ — $ — $ 15 $ — Construction/land development — — — — — Agricultural — — — — — Residential real estate loans Residential 1-4 — — — 116 — Multifamily residential — — — — — Total real estate — — — 131 — Consumer — — — — — Commercial and industrial — — — 62 — Agricultural and other — — — — — Total loans without a specific valuation allowance — — — 193 — Loans with a specific valuation allowance Real estate: Commercial real estate loans Non-farm/non-residential 47,046 45,004 1,223 47,679 328 Construction/land development 11,595 10,741 120 9,168 67 Agricultural 156 160 4 299 2 Residential real estate loans Residential 1-4 26,229 25,716 253 25,695 107 Multifamily residential 544 544 15 548 4 Total real estate 85,570 82,165 1,615 83,389 508 Consumer 173 172 — 166 — Commercial and industrial 8,174 8,091 2,665 7,561 6 Agricultural and other 764 764 — 850 — Total loans with a specific valuation allowance 94,681 91,192 4,280 91,966 514 Total impaired loans Real estate: Commercial real estate loans Non-farm/non-residential 47,046 45,004 1,223 47,694 328 Construction/land development 11,595 10,741 120 9,168 67 Agricultural 156 160 4 299 2 Residential real estate loans Residential 1-4 26,229 25,716 253 25,811 107 Multifamily residential 544 544 15 548 4 Total real estate 85,570 82,165 1,615 83,520 508 Consumer 173 172 — 166 — Commercial and industrial 8,174 8,091 2,665 7,623 6 Agricultural and other 764 764 — 850 — Total impaired loans $ 94,681 $ 91,192 $ 4,280 $ 92,159 $ 514 Note non-covered 310-30. non-covered non-covered December 31, 2016 Year Ended Unpaid Total Allocation of Allowance Average Interest Recognized (In thousands) Loans without a specific valuation allowance Real estate: Commercial real estate loans Non-farm/non-residential $ 29 $ 29 $ — $ 23 $ 2 Construction/land development — — — 6 — Agricultural 40 — — — 2 Residential real estate loans Residential 1-4 231 231 — 119 15 Multifamily residential — — — 19 — Total real estate 300 260 — 167 19 Consumer — — — — — Commercial and industrial 124 124 — 64 8 Agricultural and other — — — — — Total loans without a specific valuation allowance 424 384 — 231 27 Loans with a specific valuation allowance Real estate: Commercial real estate loans Non-farm/non-residential 52,477 50,355 1,414 42,979 1,335 Construction/land development 8,313 7,595 15 12,878 334 Agricultural 395 438 2 469 — Residential real estate loans Residential 1-4 26,681 25,675 95 20,239 293 Multifamily residential 552 552 8 922 9 Total real estate 88,418 84,615 1,534 77,487 1,971 Consumer 165 161 — 223 3 Commercial and industrial 7,160 7,032 95 10,630 255 Agricultural and other 935 935 — 1,037 — Total loans with a specific valuation allowance 96,678 92,743 1,629 89,377 2,229 Total impaired loans Real estate: Commercial real estate loans Non-farm/non-residential 52,506 50,384 1,414 43,002 1,337 Construction/land development 8,313 7,595 15 12,884 334 Agricultural 435 438 2 469 2 Residential real estate loans Residential 1-4 26,912 25,906 95 20,358 308 Multifamily residential 552 552 8 941 9 Total real estate 88,718 84,875 1,534 77,654 1,990 Consumer 165 161 — 223 3 Commercial and industrial 7,284 7,156 95 10,694 263 Agricultural and other 935 935 — 1,037 — Total impaired loans $ 97,102 $ 93,127 $ 1,629 $ 89,608 $ 2,256 Note 310-30. |
Presentation of Classified Loans by Class and Risk Rating | The Company’s classified loans include loans in risk ratings 6, 7 and 8. The following is a presentation of classified loans (excluding loans accounted for under ASC Topic 310-30) March 31, 2017 Risk Rated 6 Risk Rated 7 Risk Rated 8 Classified Total (In thousands) Real estate: Commercial real estate loans Non-farm/non-residential $ 33,300 $ 538 $ — $ 33,838 Construction/land development 13,662 110 — 13,772 Agricultural 474 — — 474 Residential real estate loans Residential 1-4 24,668 524 — 25,192 Multifamily residential 1,845 — — 1,845 Total real estate 73,949 1,172 — 75,121 Consumer 208 1 — 209 Commercial and industrial 15,359 174 — 15,533 Agricultural and other 774 — — 774 Total risk rated loans $ 90,290 $ 1,347 $ — $ 91,637 December 31, 2016 Risk Rated 6 Risk Rated 7 Risk Rated 8 Classified Total (In thousands) Real estate: Commercial real estate loans Non-farm/non-residential $ 43,657 $ 462 $ — $ 44,119 Construction/land development 8,619 33 — 8,652 Agricultural 759 — — 759 Residential real estate loans Residential 1-4 28,846 445 — 29,291 Multifamily residential 1,391 — — 1,391 Total real estate 83,272 940 — 84,212 Consumer 211 2 — 213 Commercial and industrial 16,991 170 — 17,161 Agricultural and other 935 — — 935 Total risk rated loans $ 101,409 $ 1,112 $ — $ 102,521 Loans may be classified, but not considered impaired, due to one of the following reasons: (1) The Company has established minimum dollar amount thresholds for loan impairment testing. All loans over $2.0 million that are rated 5 – 8 are individually assessed for impairment on a quarterly basis. Loans rated 5 – 8 that fall under the threshold amount are not individually tested for impairment and therefore are not included in impaired loans; (2) of the loans that are above the threshold amount and tested for impairment, after testing, some are considered to not be impaired and are not included in impaired loans. The following is a presentation of loans receivable by class and risk rating as of March 31, 2017 and December 31, 2016: March 31, 2017 Risk Rated 1 Risk Rated 2 Risk Rated 3 Risk Rated 4 Risk Rated 5 Classified Total Total (In thousands) Real estate: Commercial real estate loans Non-farm/non-residential $ 1,043 $ 1,744 $ 1,800,036 $ 1,510,457 $ 36,441 $ 33,838 $ 3,383,559 Construction/land development 673 1,013 211,247 958,460 15,100 13,772 1,200,265 Agricultural — 121 54,756 23,729 860 474 79,940 Residential real estate loans Residential 1-4 1,374 1,662 1,006,030 406,360 9,600 25,192 1,450,218 Multifamily residential — — 332,457 62,005 216 1,845 396,523 Total real estate 3,090 4,540 3,404,526 2,961,011 62,217 75,121 6,510,505 Consumer 14,366 160 16,945 9,049 53 209 40,782 Commercial and industrial 13,201 3,589 545,730 413,300 9,192 15,533 1,000,545 Agricultural and other 3,039 963 71,009 58,827 — 774 134,612 Total risk rated loans $ 33,696 $ 9,252 $ 4,038,210 $ 3,442,187 $ 71,462 $ 91,637 7,686,444 Purchased credit impaired loans 163,201 Total loans receivable $ 7,849,645 December 31, 2016 Risk Rated 1 Risk Rated 2 Risk Rated 3 Risk Rated 4 Risk Rated 5 Classified Total Total (In thousands) Real estate: Commercial real estate loans Non-farm/non-residential $ 1,047 $ 4,762 $ 1,568,385 $ 1,425,316 $ 33,559 $ 44,119 $ 3,077,188 Construction/land development 400 981 180,094 921,081 7,087 8,652 1,118,295 Agricultural — 157 53,753 22,238 829 759 77,736 Residential real estate loans Residential 1-4 2,336 1,683 941,760 324,045 10,360 29,291 1,309,475 Multifamily residential — — 278,514 45,742 8,870 1,391 334,517 Total real estate 3,783 7,583 3,022,506 2,738,422 60,705 84,212 5,917,211 Consumer 15,080 231 15,330 9,645 81 213 40,580 Commercial and industrial 13,117 3,644 500,220 558,413 19,209 17,161 1,111,764 Agricultural and other 3,379 976 82,641 70,649 — 935 158,580 Total risk rated loans $ 35,359 $ 12,434 $ 3,620,697 $ 3,377,129 $ 79,995 $ 102,521 7,228,135 Purchased credit impaired loans 159,564 Total loans receivable $ 7,387,699 |
Presentation of Troubled Debt Restructurings ("TDRs") by Class | The following is a presentation of troubled debt restructurings (“TDRs”) by class as of March 31, 2017 and December 31, 2016: March 31, 2017 Number of Loans Pre- Modification Rate Modification Term Modification Rate & Term Modification Post- (Dollars in thousands) Real estate: Commercial real estate loans Non-farm/non-residential 14 $ 17,017 $ 10,532 $ 259 $ 5,501 $ 16,292 Construction/land development 2 618 556 56 — 612 Agricultural 2 146 — 41 79 120 Residential real estate loans Residential 1-4 18 6,110 3,781 75 1,279 5,135 Multifamily residential 1 295 — — 289 289 Total real estate 37 24,186 14,869 431 7,148 22,448 Commercial and industrial 5 338 237 64 8 309 Total 42 $ 24,524 $ 15,106 $ 495 $ 7,156 $ 22,757 December 31, 2016 Number of Loans Pre- Modification Rate Modification Term Modification Rate & Term Modification Post- (Dollars in thousands) Real estate: Commercial real estate loans Non-farm/non-residential 17 $ 21,344 $ 14,600 $ 263 $ 5,542 $ 20,405 Construction/land development 1 560 556 — — 556 Agricultural 2 146 — 43 80 123 Residential real estate loans Residential 1-4 21 5,179 2,639 124 1,017 3,780 Multifamily residential 1 295 — — 290 290 Total real estate 42 27,524 17,795 430 6,929 25,154 Commercial and industrial 6 395 237 115 10 362 Total 48 $ 27,919 $ 18,032 $ 545 $ 6,939 $ 25,516 |
Presentation of TDR's on Non-Accrual Status | The following is a presentation of TDRs on non-accrual March 31, 2017 December 31, 2016 Number of Recorded Number of Recorded (Dollars in thousands) Real estate: Commercial real estate loans Non-farm/non-residential — $ — 2 $ 696 Agricultural 2 120 2 123 Residential real estate loans Residential 1-4 9 1,592 13 2,240 Total real estate 11 1,712 17 3,059 Total 11 $ 1,712 17 $ 3,059 |
Summary of Total Foreclosed Assets | The following is a presentation of total foreclosed assets as of March 31, 2017 and December 31, 2016: March 31, 2017 December 31, 2016 (In thousands) Commercial real estate loans Non-farm/non-residential $ 7,861 $ 9,423 Construction/land development 4,826 4,009 Agricultural — — Residential real estate loans Residential 1-4 3,123 2,076 Multifamily residential 1,505 443 Total foreclosed assets held for sale $ 17,315 $ 15,951 |
Summary of Purchased Credit Impaired Loans Acquired | The following is a summary of the purchased credit impaired loans acquired in the GHI and BOC acquisitions during the first quarter of 2017 as of the date of acquisition: GHI BOC (In thousands) Contractually required principal and interest at acquisition $ 22,379 $ 18,586 Non-accretable 4,462 2,811 Cash flows expected to be collected at acquisition 17,917 15,775 Accretable yield 2,071 1,043 Basis in purchased credit impaired loans at acquisition $ 15,846 $ 14,732 |
Changes in Carrying Amount of Accretable Yield for Purchased Credit Impaired Loans | Changes in the carrying amount of the accretable yield for purchased credit impaired loans were as follows for the three-month period ended March 31, 2017 for the Company’s acquisitions: Accretable Yield Carrying (In thousands) Balance at beginning of period $ 38,212 $ 159,564 Reforecasted future interest payments for loan pools 1,988 — Accretion recorded to interest income (4,603 ) 4,603 Acquisitions of GHI and BOC 3,114 30,578 Adjustment to yield 286 — Transfers to foreclosed assets held for sale — (278 ) Payments received, net — (31,266 ) Balance at end of period $ 38,997 $ 163,201 |
Goodwill and Core Deposits an38
Goodwill and Core Deposits and Other Intangibles (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Summary of Changes in Carrying Amount and Accumulated Amortization of Company's Goodwill and Core Deposits and Other Intangibles | Changes in the carrying amount and accumulated amortization of the Company’s goodwill and core deposits and other intangibles at March 31, 2017 and December 31, 2016, were as follows: March 31, 2017 December 31, 2016 (In thousands) Goodwill Balance, beginning of period $ 377,983 $ 377,983 Acquisitions 42,958 — Balance, end of period $ 420,941 $ 377,983 March 31, 2017 December 31, 2016 (In thousands) Core Deposit and Other Intangibles Balance, beginning of period $ 18,311 $ 21,443 Acquisition 4,378 — Amortization expense (804 ) (845 ) Balance, March 31 $ 21,885 20,598 Acquisitions — Amortization expense (2,287 ) Balance, end of year $ 18,311 |
Summary of Carrying Amount and Accumulated Amortization of Core Deposits and Other Intangibles | The carrying basis and accumulated amortization of core deposits and other intangibles at March 31, 2017 and December 31, 2016 were: March 31, 2017 December 31, 2016 (In thousands) Gross carrying basis $ 55,756 $ 51,378 Accumulated amortization (33,871 ) (33,067 ) Net carrying amount $ 21,885 $ 18,311 |
Securities Sold Under Agreeme39
Securities Sold Under Agreements to Repurchase (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Brokers and Dealers [Abstract] | |
Summary of Remaining Contractual Maturity of Securities Sold Under Agreements to Repurchase | The remaining contractual maturity of securities sold under agreements to repurchase in the consolidated balance sheets as of March 31, 2017 and December 31, 2016 is presented in the following tables: March 31, 2017 Overnight and Up to 30-90 Days Greater Total (In thousands) Securities sold under agreements to repurchase: U.S. government-sponsored enterprises $ 3,275 $ — $ — $ — $ 3,275 Mortgage-backed securities 16,631 — — — 16,631 State and political subdivisions 80,401 — — — 80,401 Other securities 23,486 — — — 23,486 Total borrowings $ 123,793 $ — $ — $ — $ 123,793 December 31, 2016 Overnight and Up to 30-90 Days Greater Total (In thousands) Securities sold under agreements to repurchase: U.S. government-sponsored enterprises $ 1,918 $ — $ — $ — $ 1,918 Mortgage-backed securities 22,691 — — — 22,691 State and political subdivisions 74,559 — — — 74,559 Other securities 22,122 — — — 22,122 Total borrowings $ 121,290 $ — $ — $ — $ 121,290 |
Subordinated Debentures (Tables
Subordinated Debentures (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Brokers and Dealers [Abstract] | |
Preferred Trust Securities and Subordinated Debentures | Subordinated debentures at March 31, 2017 and December 31, 2016 consisted of guaranteed payments on trust preferred securities with the following components: As of March 31, As of (In thousands) Subordinated debentures, issued in 2006, due 2036, fixed rate of 6.75% during the first five years and at a floating rate of 1.85% above the three-month LIBOR rate, reset quarterly, thereafter, currently callable without penalty $ 3,093 $ 3,093 Subordinated debentures, issued in 2004, due 2034, fixed rate of 6.00% during the first five years and at a floating rate of 2.00% above the three-month LIBOR rate, reset quarterly, thereafter, currently callable without penalty 15,464 15,464 Subordinated debentures, issued in 2005, due 2035, fixed rate of 5.84% during the first five years and at a floating rate of 1.45% above the three-month LIBOR rate, reset quarterly, thereafter, currently callable without penalty 25,774 25,774 Subordinated debentures, issued in 2004, due 2034, fixed rate of 4.29% during the first five years and at a floating rate of 2.50% above the three-month LIBOR rate, reset quarterly, thereafter, currently callable without penalty 16,495 16,495 Total $ 60,826 $ 60,826 |
Income Taxes (Tables)
Income Taxes (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Income Tax Disclosure [Abstract] | |
Summary of Components of Provision (Benefit) for Income Taxes | The following is a summary of the components of the provision (benefit) for income taxes for the three-month periods ended March 31, 2017 and 2016: Three Months Ended March 31, 2017 2016 (In thousands) Current: Federal $ 19,392 $ 20,205 State 3,852 4,013 Total current 23,244 24,218 Deferred: Federal 1,777 437 State 353 87 Total deferred 2,130 524 Income tax expense $ 25,374 $ 24,742 |
Reconciliation between Statutory Federal Income Tax Rate and Effective Income Tax Rate | The reconciliation between the statutory federal income tax rate and effective income tax rate is as follows for the three-month periods ended March 31, 2017 and 2016: Three Months Ended 2017 2016 Statutory federal income tax rate 35.00 % 35.00 % Effect of non-taxable (1.51 ) (1.62 ) Effect of gain on acquisitions (1.84 ) — Stock compensation (1.09 ) — State income taxes, net of federal benefit 3.93 4.07 Other 0.64 (0.06 ) Effective income tax rate 35.13 % 37.39 % |
Differences between Tax Basis of Assets and Liabilities | The types of temporary differences between the tax basis of assets and liabilities and their financial reporting amounts that give rise to deferred income tax assets and liabilities, and their approximate tax effects, are as follows: March 31, 2017 December 31, 2016 (In thousands) Deferred tax assets: Allowance for loan losses $ 32,284 $ 31,381 Deferred compensation 1,894 3,925 Stock compensation 2,671 669 Real estate owned 2,538 2,296 Loan discounts 13,728 9,157 Tax basis premium/discount on acquisitions 14,270 14,757 Investments 2,187 1,957 Other 10,023 8,361 Gross deferred tax assets 79,595 72,503 Deferred tax liabilities: Accelerated depreciation on premises and equipment 1,644 2,154 Unrealized gain on securities available-for-sale 653 258 Core deposit intangibles 6,327 4,950 FHLB dividends 1,926 1,926 Other 1,982 1,917 Gross deferred tax liabilities 12,532 11,205 Net deferred tax assets $ 67,063 $ 61,298 |
Common Stock, Compensation Pl42
Common Stock, Compensation Plans and Other (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Equity [Abstract] | |
Summary of Stock Option Transactions under Incentive Plan (Split Adjusted) | The table below summarizes the stock option transactions under the Plan at March 31, 2017 and December 31, 2016 and changes during the three-month period and year then ended: For the Three Months For the Year Ended December 31, 2016 Shares (000) Weighted- Shares (000) Weighted- Outstanding, beginning of year 2,397 $ 15.19 2,794 $ 12.71 Granted — — 140 21.25 Forfeited/Expired — — (14 ) 17.28 Exercised (109 ) 5.46 (523 ) 3.50 Outstanding, end of period 2,288 15.65 2,397 15.19 Exercisable, end of period 829 11.90 639 $ 8.88 |
Summary of Stock Options on Valuation Assumptions | For the Three Months Ended For the Year Ended Expected dividend yield Not applicable 1.65 % Expected stock price volatility Not applicable 26.66 % Risk-free interest rate Not applicable 1.65 % Expected life of options Not applicable 6.5 years |
Summary of Currently Outstanding and Exercisable Options (Split Adjusted) | The following is a summary of currently outstanding and exercisable options at March 31, 2017: Options Outstanding Options Exercisable Exercise Prices Options Outstanding (000) Weighted- Average Remaining Life (in years) Weighted- Average Exercise Price Options Exercisable Shares (000) Weighted- Average Exercise Price $2.10 to $2.66 22 1.78 $ 2.51 22 $ 2.51 $4.27 to $4.62 97 0.78 4.28 97 4.28 $5.08 to $6.56 138 4.44 6.46 138 6.46 $8.62 to $9.54 284 5.93 9.09 192 9.00 $14.71 to $16.86 262 7.51 16.00 100 15.96 $17.12 to $17.40 215 7.68 17.19 62 17.26 $18.46 to $18.46 1,050 8.40 18.46 184 18.46 $20.16 to $20.58 80 8.52 20.37 14 20.34 $21.25 to $21.25 140 9.06 21.25 20 21.25 2,288 829 |
Summary of Company's Restricted Stock Issued and Outstanding (Split Adjusted) | The table below summarized the activity for the Company’s restricted stock issued and outstanding (split adjusted) at March 31, 2017 and December 31, 2016 and changes during the period and year then ended: As of March 31, 2017 As of December 31, 2016 (In thousands) Beginning of year 958 975 Issued 141 244 Vested (43 ) (256 ) Forfeited — (5 ) End of period 1,056 958 Amount of expense for three months and twelve months ended, respectively $ 1,303 $ 4,049 |
Non-Interest Expense (Tables)
Non-Interest Expense (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Text Block [Abstract] | |
Components of Non-Interest Expense | The table below shows the components of non-interest Three Months Ended 2017 2016 (In thousands) Salaries and employee benefits $ 27,421 $ 23,958 Occupancy and equipment 6,681 6,671 Data processing expense 2,723 2,664 Other operating expenses: Advertising 698 823 Merger and acquisition expenses 6,727 — Amortization of intangibles 804 845 Electronic banking expense 1,519 1,456 Directors’ fees 313 275 Due from bank service charges 420 305 FDIC and state assessment 1,288 1,446 Insurance 578 533 Legal and accounting 627 523 Other professional fees 1,153 925 Operating supplies 467 436 Postage 286 286 Telephone 324 487 Other expense 3,112 4,015 Total other operating expenses 18,316 12,355 Total non-interest $ 55,141 $ 45,648 |
Additional Cash Flow Informat44
Additional Cash Flow Information (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Supplemental Cash Flow Elements [Abstract] | |
Summary of Additional Cash Flow Information | The following is a summary of the Company’s additional cash flow information during the three-month periods ended: March 31, 2017 2016 (In thousands) Interest paid $ 2,209 $ 7,140 Income taxes paid — 1,010 Assets acquired by foreclosure 2,041 4,219 |
Financial Instruments (Tables)
Financial Instruments (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Fair Value Disclosures [Abstract] | |
Estimated Fair Values of Financial Instruments | The following table presents the estimated fair values of the Company’s financial instruments. The fair values of certain of these instruments were calculated by discounting expected cash flows, which involves significant judgments by management and uncertainties. Fair value is the estimated amount at which financial assets or liabilities could be exchanged in a current transaction between willing parties other than in a forced or liquidation sale. Because no market exists for certain of these financial instruments and because management does not intend to sell these financial instruments, the Company does not know whether the fair values shown below represent values at which the respective financial instruments could be sold individually or in the aggregate. March 31, 2017 Carrying Fair Value Level (In thousands) Financial assets: Cash and cash equivalents $ 417,089 $ 417,089 1 Federal funds sold 1,700 1,700 1 Investment securities – held-to-maturity 276,599 279,806 2 Loans receivable, net of impaired loans and allowance 7,682,422 7,553,996 3 Accrued interest receivable 32,413 32,413 1 Financial liabilities: Deposits: Demand and non-interest $ 1,862,996 $ 1,862,996 1 Savings and interest-bearing transaction accounts 4,274,194 4,274,194 1 Time deposits 1,430,017 1,424,517 3 Federal funds purchased — — N/A Securities sold under agreements to repurchase 123,793 123,793 1 FHLB and other borrowed funds 1,455,040 1,456,258 2 Accrued interest payable 2,209 2,209 1 Subordinated debentures 60,735 60,735 3 December 31, 2016 Carrying Amount Fair Value Level (In thousands) Financial assets: Cash and cash equivalents $ 216,649 $ 216,649 1 Federal funds sold 1,550 1,550 1 Investment securities – held-to-maturity 284,176 287,038 2 Loans receivable, net of impaired loans and allowance 7,216,199 7,131,199 3 Accrued interest receivable 30,838 30,838 1 Financial liabilities: Deposits: Demand and non-interest $ 1,695,184 $ 1,695,184 1 Savings and interest-bearing transaction accounts 3,963,241 3,963,241 1 Time deposits 1,284,002 1,275,634 3 Securities sold under agreements to repurchase 121,290 121,290 1 FHLB and other borrowed funds 1,305,198 1,311,280 2 Accrued interest payable 1,920 1,920 1 Subordinated debentures 60,826 60,826 3 |
Nature of Operations and Summ46
Nature of Operations and Summary of Significant Accounting Policies - Additional Information (Detail) | Apr. 21, 2016 | Mar. 31, 2017Segments |
Accounting Policies [Abstract] | ||
Number of Reportable Segments | 1 | |
Stock split conversion ratio | 2 | 2 |
Nature of Operations and Summ47
Nature of Operations and Summary of Significant Accounting Policies - Computation of Basic and Diluted Earnings per Common Share (EPS) (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Mar. 31, 2017 | Mar. 31, 2016 | Dec. 31, 2016 | ||
Earnings Per Share [Abstract] | ||||
Net income | $ 46,856 | $ 41,427 | $ 135,719 | |
Average shares outstanding | 141,785 | 140,390 | ||
Effect of common stock based compensation | 707 | 297 | ||
Average diluted shares outstanding | 142,492 | 140,687 | ||
Basic earnings per share | $ 0.33 | [1] | $ 0.30 | |
Diluted earnings per share | $ 0.33 | [1] | $ 0.29 | |
[1] | All per share amounts have been restated to reflect the effect of the 2-for-1 stock split during June 2016. |
Business Combinations - Acquisi
Business Combinations - Acquisition of Giant Holdings, Inc. - Additional Information (Detail) | Mar. 27, 2017USD ($) | Feb. 23, 2017USD ($)BankingCentersshares | Mar. 31, 2017USD ($) | Dec. 31, 2016USD ($) |
Business Acquisition [Line Items] | ||||
Loans purchased | $ 1,380,000,000 | $ 1,130,000,000 | ||
Amount of discount for credit losses on purchased loans | $ 104,500,000 | $ 100,100,000 | ||
Maximum [Member] | ||||
Business Acquisition [Line Items] | ||||
Business combination consideration paid | $ 35.19 | |||
Giant Holdings, Inc. [Member] | ||||
Business Acquisition [Line Items] | ||||
Business acquisition date | Feb. 23, 2017 | |||
Business combination consideration paid | $ 96,015,000 | |||
Business combination, common stock issued, shares | shares | 2,738,038 | |||
Business combination, common stock issued, value | $ 77,500,000 | |||
Business combination consideration paid in cash | 18,500,000 | |||
Business combination, recognized identifiable assets acquired, Total Assets | 398,100,000 | |||
Loan discounts | 3,600,000 | |||
Business acquisition of investment securities | 1,956,000 | |||
Loans purchased | 315,600,000 | |||
Amount of discount for credit losses on purchased loans | 1,600,000 | |||
Business acquisition of bank premises and equipment | 608,000 | |||
Effective tax rates | 39.225% | |||
Core deposit intangible | 3,410,000 | |||
Customer deposits assumed pursuant to agreement | 303,995,000 | |||
Giant Holdings, Inc. [Member] | Maximum [Member] | ||||
Business Acquisition [Line Items] | ||||
Percentage of total assets | 5.00% | |||
Giant Holdings, Inc. [Member] | Credit Impaired Loans [Member] | ||||
Business Acquisition [Line Items] | ||||
Loan discounts | 4,500,000 | |||
Loans purchased | 20,300,000 | |||
Giant Holdings, Inc. [Member] | Fair Value Adjustments [Member] | ||||
Business Acquisition [Line Items] | ||||
Business combination, recognized identifiable assets acquired, Total Assets | 3,211,000 | |||
Business acquisition of investment securities | (5,000) | |||
Core deposit intangible | 3,238,000 | |||
Customer deposits assumed pursuant to agreement | $ 324,000 | |||
Giant Holdings, Inc. [Member] | Florida [Member] | ||||
Business Acquisition [Line Items] | ||||
Number of banking locations | BankingCenters | 6 | |||
Business combination, recognized identifiable assets acquired, Total Assets | $ 398,100,000 | |||
Business combination, recognized identifiable liabilities assumed, Loans | 329,400,000 | |||
Business combination, recognized identifiable assets acquired, Deposits | 304,000,000 | |||
Loan discounts | $ 6,500,000 |
Business Combinations - Breakdo
Business Combinations - Breakdown of Assets Acquired and Liabilities Assumed (Detail) - USD ($) $ in Thousands | Feb. 28, 2017 | Feb. 23, 2017 | Mar. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 |
Equity | |||||
Goodwill | $ 420,941 | $ 377,983 | $ 377,983 | ||
Giant Holdings, Inc. [Member] | |||||
Assets | |||||
Cash and due from banks | $ 41,019 | ||||
Interest-bearing deposits with other banks | 4,058 | ||||
Investment securities | 1,956 | ||||
Loans receivable | 329,369 | ||||
Loans receivable, net | 329,369 | ||||
Bank premises and equipment, net | 2,719 | ||||
Cash value of life insurance | 10,861 | ||||
Accrued interest receivable | 850 | ||||
Deferred tax asset | 4,093 | ||||
Core deposit intangible | 3,410 | ||||
Other assets | (235) | ||||
Total assets acquired | 398,100 | ||||
Deposits | |||||
Demand and non-interest-bearing | 75,993 | ||||
Savings and interest-bearing transaction accounts | 139,459 | ||||
Time deposits | 88,543 | ||||
Total deposits | 303,995 | ||||
FHLB borrowed funds | 26,478 | ||||
Accrued interest payable and other liabilities | 14,570 | ||||
Total liabilities assumed | 345,043 | ||||
Equity | |||||
Total liabilities and equity assumed | 345,043 | ||||
Net assets acquired | 53,057 | ||||
Purchase price | 96,015 | ||||
Goodwill | 42,958 | ||||
The Bank of Commerce [Member] | |||||
Assets | |||||
Cash and due from banks | $ 4,610 | ||||
Interest-bearing deposits with other banks | 14,360 | ||||
Investment securities | 25,813 | ||||
Loans receivable | 118,538 | ||||
Loans receivable, net | 118,538 | ||||
Bank premises and equipment, net | 1,887 | ||||
Foreclosed assets held for sale | 5,358 | ||||
Accrued interest receivable | 481 | ||||
Deferred tax asset | 4,198 | ||||
Core deposit intangible | 968 | ||||
Other assets | 1,880 | ||||
Total assets acquired | 178,093 | ||||
Deposits | |||||
Demand and non-interest-bearing | 27,245 | ||||
Savings and interest-bearing transaction accounts | 32,300 | ||||
Time deposits | 80,215 | ||||
Total deposits | 139,760 | ||||
FHLB borrowed funds | 30,042 | ||||
Accrued interest payable and other liabilities | 309 | ||||
Total liabilities assumed | 170,111 | ||||
Equity | |||||
Total equity assumed | 0 | ||||
Net assets acquired | 7,982 | ||||
Purchase price | 4,175 | ||||
Pre-tax gain on acquisition | 3,807 | ||||
Acquired from Acquisition [Member] | Giant Holdings, Inc. [Member] | |||||
Assets | |||||
Cash and due from banks | 41,019 | ||||
Interest-bearing deposits with other banks | 4,057 | ||||
Investment securities | 1,961 | ||||
Loans receivable | 335,886 | ||||
Allowance for loan losses | (4,568) | ||||
Loans receivable, net | 331,318 | ||||
Bank premises and equipment, net | 2,111 | ||||
Cash value of life insurance | 10,861 | ||||
Accrued interest receivable | 850 | ||||
Deferred tax asset | 2,286 | ||||
Core deposit intangible | 172 | ||||
Other assets | 254 | ||||
Total assets acquired | 394,889 | ||||
Deposits | |||||
Demand and non-interest-bearing | 75,993 | ||||
Savings and interest-bearing transaction accounts | 139,459 | ||||
Time deposits | 88,219 | ||||
Total deposits | 303,671 | ||||
FHLB borrowed funds | 26,047 | ||||
Accrued interest payable and other liabilities | 14,552 | ||||
Total liabilities assumed | 344,270 | ||||
Equity | |||||
Total equity assumed | 50,619 | ||||
Total liabilities and equity assumed | 394,889 | ||||
Acquired from Acquisition [Member] | The Bank of Commerce [Member] | |||||
Assets | |||||
Cash and due from banks | 4,610 | ||||
Interest-bearing deposits with other banks | 14,360 | ||||
Investment securities | 25,926 | ||||
Loans receivable | 124,289 | ||||
Allowance for loan losses | (2,037) | ||||
Loans receivable, net | 122,252 | ||||
Bank premises and equipment, net | 1,887 | ||||
Foreclosed assets held for sale | 8,523 | ||||
Accrued interest receivable | 481 | ||||
Other assets | 1,880 | ||||
Total assets acquired | 179,919 | ||||
Deposits | |||||
Demand and non-interest-bearing | 27,245 | ||||
Savings and interest-bearing transaction accounts | 32,300 | ||||
Time deposits | 79,945 | ||||
Total deposits | 139,490 | ||||
FHLB borrowed funds | 30,000 | ||||
Accrued interest payable and other liabilities | 564 | ||||
Total liabilities assumed | 170,054 | ||||
Fair Value Adjustments [Member] | Giant Holdings, Inc. [Member] | |||||
Assets | |||||
Interest-bearing deposits with other banks | 1 | ||||
Investment securities | (5) | ||||
Loans receivable | (6,517) | ||||
Allowance for loan losses | 4,568 | ||||
Loans receivable, net | (1,949) | ||||
Bank premises and equipment, net | 608 | ||||
Deferred tax asset | 1,807 | ||||
Core deposit intangible | 3,238 | ||||
Other assets | (489) | ||||
Total assets acquired | 3,211 | ||||
Deposits | |||||
Time deposits | 324 | ||||
Total deposits | 324 | ||||
FHLB borrowed funds | 431 | ||||
Accrued interest payable and other liabilities | 18 | ||||
Total liabilities assumed | 773 | ||||
Equity | |||||
Total equity assumed | (50,619) | ||||
Total liabilities and equity assumed | $ (49,846) | ||||
Fair Value Adjustments [Member] | The Bank of Commerce [Member] | |||||
Assets | |||||
Investment securities | (113) | ||||
Loans receivable | (5,751) | ||||
Allowance for loan losses | 2,037 | ||||
Loans receivable, net | (3,714) | ||||
Foreclosed assets held for sale | (3,165) | ||||
Deferred tax asset | 4,198 | ||||
Core deposit intangible | 968 | ||||
Total assets acquired | (1,826) | ||||
Deposits | |||||
Time deposits | 270 | ||||
Total deposits | 270 | ||||
FHLB borrowed funds | 42 | ||||
Accrued interest payable and other liabilities | (255) | ||||
Total liabilities assumed | $ 57 |
Business Combinations - Acqui50
Business Combinations - Acquisition of The Bank of Commerce - Additional Information (Detail) | Mar. 27, 2017USD ($)$ / shares | Feb. 28, 2017USD ($)BankingCenters | Mar. 31, 2017USD ($)BankingCenters | Dec. 31, 2016USD ($) |
Business Acquisition [Line Items] | ||||
Loans purchased | $ 1,380,000,000 | $ 1,130,000,000 | ||
Number of trading days | 20 days | |||
The Bank of Commerce [Member] | ||||
Business Acquisition [Line Items] | ||||
Business acquisition date | Feb. 28, 2017 | |||
Business combination consideration paid | $ 4,175,000 | |||
Business combination, recognized identifiable assets acquired, Total Assets | 178,093,000 | |||
Loan discounts | 3,000,000 | |||
Business acquisition of investment securities | 25,813,000 | |||
Loans purchased | 106,800,000 | |||
Effective tax rates | 39.225% | |||
Core deposit intangible | 968,000 | |||
Customer deposits assumed pursuant to agreement | $ 139,760,000 | |||
The Bank of Commerce [Member] | Florida [Member] | ||||
Business Acquisition [Line Items] | ||||
Number of banking locations | BankingCenters | 3 | |||
Business combination, recognized identifiable assets acquired, Total Assets | $ 178,100,000 | |||
Business combination, recognized identifiable liabilities assumed, Loans | 118,500,000 | |||
Business combination, recognized identifiable assets acquired, Deposits | 139,800,000 | |||
Loan discounts | 5,800,000 | |||
The Bank of Commerce [Member] | Credit Impaired Loans [Member] | ||||
Business Acquisition [Line Items] | ||||
Loan discounts | 2,800,000 | |||
Loans purchased | 17,500,000 | |||
Stonegate Bank [Member] | Florida [Member] | ||||
Business Acquisition [Line Items] | ||||
Number of banking locations | BankingCenters | 25 | |||
Business combination, recognized identifiable assets acquired, Total Assets | $ 3,240,000,000 | |||
Business combination, recognized identifiable liabilities assumed, Loans | 2,480,000,000 | |||
Business combination, recognized identifiable assets acquired, Deposits | $ 2,720,000,000 | |||
Stonegate Bank [Member] | Shareholders [Member] | ||||
Business Acquisition [Line Items] | ||||
Business combination consideration paid | $ 749,800,000 | |||
Business combination consideration paid in cash | 50,000,000 | |||
Business combination, common stock issued, value | 699,700,000 | |||
Stonegate Bank [Member] | Optionholders [Member] | ||||
Business Acquisition [Line Items] | ||||
Business combination consideration paid in cash | 28,600,000 | |||
Maximum [Member] | ||||
Business Acquisition [Line Items] | ||||
Business combination consideration paid | $ 35.19 | |||
Average closing price | $ / shares | $ 35.19 | |||
Maximum [Member] | The Bank of Commerce [Member] | ||||
Business Acquisition [Line Items] | ||||
Percentage of total assets | 5.00% | |||
Minimum [Member] | ||||
Business Acquisition [Line Items] | ||||
Business combination consideration paid | $ 22.52 | |||
Average closing price | $ / shares | $ 22.52 | |||
Fair Value Adjustments [Member] | The Bank of Commerce [Member] | ||||
Business Acquisition [Line Items] | ||||
Business combination, recognized identifiable assets acquired, Total Assets | (1,826,000) | |||
Business acquisition of investment securities | (113,000) | |||
Core deposit intangible | 968,000 | |||
Customer deposits assumed pursuant to agreement | $ 270,000 |
Investment Securities - Amortiz
Investment Securities - Amortized Cost and Estimated Fair Value of Investment Securities Classified as Available-for-Sale (Detail) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | $ 1,248,927 | $ 1,072,262 |
Gross Unrealized Gains | 9,846 | 9,108 |
Gross Unrealized (Losses) | (8,183) | (8,450) |
Estimated Fair Value | 1,250,590 | 1,072,920 |
U.S. Government-Sponsored Enterprises [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 317,843 | 237,439 |
Gross Unrealized Gains | 976 | 963 |
Gross Unrealized (Losses) | (1,691) | (1,641) |
Estimated Fair Value | 317,128 | 236,761 |
Residential Mortgage-Backed Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 298,033 | 259,037 |
Gross Unrealized Gains | 1,260 | 1,226 |
Gross Unrealized (Losses) | (1,681) | (1,627) |
Estimated Fair Value | 297,612 | 258,636 |
Commercial Mortgage-Backed Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 370,785 | 322,316 |
Gross Unrealized Gains | 771 | 845 |
Gross Unrealized (Losses) | (2,450) | (2,342) |
Estimated Fair Value | 369,106 | 320,819 |
State and Political Subdivisions [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 224,946 | 215,209 |
Gross Unrealized Gains | 3,860 | 3,471 |
Gross Unrealized (Losses) | (1,885) | (2,181) |
Estimated Fair Value | 226,921 | 216,499 |
Other Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 37,320 | 38,261 |
Gross Unrealized Gains | 2,979 | 2,603 |
Gross Unrealized (Losses) | (476) | (659) |
Estimated Fair Value | $ 39,823 | $ 40,205 |
Investment Securities - Schedul
Investment Securities - Schedule of Amortized Cost and Estimated Fair Value of Investment Securities Classified as Held-to-Maturity (Detail) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Schedule of Held-to-maturity Securities [Line Items] | ||
Estimated Fair Value | $ 276,599 | $ 284,176 |
Held-to-Maturity [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Amortized Cost | 276,599 | 284,176 |
Gross Unrealized Gains | 3,696 | 3,497 |
Gross Unrealized (Losses) | (489) | (635) |
Estimated Fair Value | 279,806 | 287,038 |
U.S. Government-Sponsored Enterprises [Member] | Held-to-Maturity [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Amortized Cost | 6,577 | 6,637 |
Gross Unrealized Gains | 35 | 23 |
Gross Unrealized (Losses) | (35) | (32) |
Estimated Fair Value | 6,577 | 6,628 |
Residential Mortgage-Backed Securities [Member] | Held-to-Maturity [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Amortized Cost | 68,110 | 71,956 |
Gross Unrealized Gains | 266 | 267 |
Gross Unrealized (Losses) | (266) | (301) |
Estimated Fair Value | 68,110 | 71,922 |
Commercial Mortgage-Backed Securities [Member] | Held-to-Maturity [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Amortized Cost | 35,424 | 35,863 |
Gross Unrealized Gains | 118 | 107 |
Gross Unrealized (Losses) | (63) | (133) |
Estimated Fair Value | 35,479 | 35,837 |
State and Political Subdivisions [Member] | Held-to-Maturity [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Amortized Cost | 166,488 | 169,720 |
Gross Unrealized Gains | 3,277 | 3,100 |
Gross Unrealized (Losses) | (125) | (169) |
Estimated Fair Value | $ 169,640 | $ 172,651 |
Investment Securities - Additio
Investment Securities - Additional Information (Detail) - USD ($) | 3 Months Ended | ||
Mar. 31, 2017 | Mar. 31, 2016 | Dec. 31, 2016 | |
Available-for-sale Securities [Abstract] | |||
Carrying value of investment securities | $ 1,010,000,000 | $ 1,070,000,000 | |
Investment securities pledged as collateral | 123,800,000 | 121,300,000 | |
Available for sale securities sold | 15,538,000 | $ 1,377,000 | |
Gross realized gains on sale | $ 423,000 | $ 10,000 | |
Income tax expense benefit to net security gains and losses | 39.225% | 39.225% | |
Other-than-temporary impairment of securities | $ 0 | ||
Fair value of unrealized losses on investment securities | $ 1,669,000 | $ 1,619,000 | |
Percentage of Company's investment portfolio | 75.60% | ||
Maturity description of investment portfolio | Five years or less |
Investment Securities - Amort54
Investment Securities - Amortized Cost and Estimated Fair Value of Securities Contractual Maturity (Detail) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Available-for-Sale Securities, Amortized Cost | ||
Due in one year or less, Amortized Cost | $ 181,428 | |
Due after one year through five years, Amortized Cost | 771,067 | |
Due after five years through ten years, Amortized Cost | 202,619 | |
Due after ten years, Amortized Cost | 93,813 | |
Total, Amortized Cost | 1,248,927 | |
Available-for-Sale Securities, Estimated Fair Value | ||
Due in one year or less, Estimated Fair Value | 183,538 | |
Due after one year through five years, Estimated Fair Value | 772,436 | |
Due after five years through ten years, Estimated Fair Value | 201,299 | |
Due after ten years, Estimated Fair Value | 93,317 | |
Total, Estimated Fair Value | 1,250,590 | $ 1,072,920 |
Held-to-Maturity Securities, Amortized Cost | ||
Due in one year or less, Held to Maturity Amortized Cost | 77,535 | |
Due after one year through five years, Held to Maturity Amortized Cost | 120,449 | |
Due after five years through ten years, Held to Maturity Amortized Cost | 20,202 | |
Due after ten years, Held to Maturity Amortized Cost | 58,413 | |
Total, Held to Maturity Amortized Cost | 276,599 | $ 284,176 |
Held-to-Maturity Securities, Estimated Fair Value | ||
Due in one year or less, Held to Maturity Estimated Fair Value | 78,640 | |
Due after one year through five years, Held to Maturity Estimated Fair Value | 122,526 | |
Due after five years through ten years, Held to Maturity Estimated Fair Value | 20,251 | |
Due after ten years, Held to Maturity Estimated Fair Value | 58,389 | |
Total, Held to Maturity Estimated Fair Value | $ 279,806 |
Investment Securities - Unreali
Investment Securities - Unrealized Losses and Estimated Fair Value of Investment Securities Available for Sale and Held to Maturity (Detail) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Schedule of Available-for-sale Securities [Line Items] | ||
Fair Value of Available-for-Sale Securities, Less Than 12 Months | $ 615,655 | $ 584,435 |
Unrealized Losses of Available-for-Sale Securities, Less Than 12 Months | (7,003) | (7,466) |
Fair Value of Available-for-Sale Securities, 12 Months or More | 132,343 | 118,153 |
Unrealized Losses of Available-for-Sale Securities, 12 Months or More | (1,669) | (1,619) |
Fair Value of Available-for-Sale Securities, Total | 747,998 | 702,588 |
Unrealized Losses of Available-for-Sale Securities, Total | (8,672) | (9,085) |
U.S. Government-Sponsored Enterprises [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Fair Value of Available-for-Sale Securities, Less Than 12 Months | 125,871 | 98,180 |
Unrealized Losses of Available-for-Sale Securities, Less Than 12 Months | (1,102) | (1,031) |
Fair Value of Available-for-Sale Securities, 12 Months or More | 80,096 | 75,044 |
Unrealized Losses of Available-for-Sale Securities, 12 Months or More | (624) | (642) |
Fair Value of Available-for-Sale Securities, Total | 205,967 | 173,224 |
Unrealized Losses of Available-for-Sale Securities, Total | (1,726) | (1,673) |
Residential Mortgage-Backed Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Fair Value of Available-for-Sale Securities, Less Than 12 Months | 193,650 | 188,117 |
Unrealized Losses of Available-for-Sale Securities, Less Than 12 Months | (1,761) | (1,742) |
Fair Value of Available-for-Sale Securities, 12 Months or More | 13,695 | 8,902 |
Unrealized Losses of Available-for-Sale Securities, 12 Months or More | (186) | (186) |
Fair Value of Available-for-Sale Securities, Total | 207,345 | 197,019 |
Unrealized Losses of Available-for-Sale Securities, Total | (1,947) | (1,928) |
Commercial Mortgage-Backed Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Fair Value of Available-for-Sale Securities, Less Than 12 Months | 214,878 | 202,289 |
Unrealized Losses of Available-for-Sale Securities, Less Than 12 Months | (2,024) | (2,220) |
Fair Value of Available-for-Sale Securities, 12 Months or More | 28,773 | 21,020 |
Unrealized Losses of Available-for-Sale Securities, 12 Months or More | (489) | (255) |
Fair Value of Available-for-Sale Securities, Total | 243,651 | 223,309 |
Unrealized Losses of Available-for-Sale Securities, Total | (2,513) | (2,475) |
State and Political Subdivisions [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Fair Value of Available-for-Sale Securities, Less Than 12 Months | 79,747 | 94,309 |
Unrealized Losses of Available-for-Sale Securities, Less Than 12 Months | (2,010) | (2,348) |
Fair Value of Available-for-Sale Securities, 12 Months or More | 500 | |
Unrealized Losses of Available-for-Sale Securities, 12 Months or More | (2) | |
Fair Value of Available-for-Sale Securities, Total | 79,747 | 94,809 |
Unrealized Losses of Available-for-Sale Securities, Total | (2,010) | (2,350) |
Other Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Fair Value of Available-for-Sale Securities, Less Than 12 Months | 1,509 | 1,540 |
Unrealized Losses of Available-for-Sale Securities, Less Than 12 Months | (106) | (125) |
Fair Value of Available-for-Sale Securities, 12 Months or More | 9,779 | 12,687 |
Unrealized Losses of Available-for-Sale Securities, 12 Months or More | (370) | (534) |
Fair Value of Available-for-Sale Securities, Total | 11,288 | 14,227 |
Unrealized Losses of Available-for-Sale Securities, Total | $ (476) | $ (659) |
Investment Securities - Sched56
Investment Securities - Schedule of Income Earned on Securities (Detail) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Investment Income [Line Items] | ||
Income earned on securities, taxable | $ 5,478 | $ 5,450 |
Income earned on securities, Non-taxable | 2,944 | 2,815 |
Income earned on securities, total | 8,422 | 8,265 |
Available-for-sale [Member] | ||
Investment Income [Line Items] | ||
Income earned on securities, taxable | 4,794 | 4,567 |
Income earned on securities, Non-taxable | 1,547 | 1,574 |
Held-to-Maturity [Member] | ||
Investment Income [Line Items] | ||
Income earned on securities, taxable | 684 | 883 |
Income earned on securities, Non-taxable | $ 1,397 | $ 1,241 |
Loans Receivable - Summary of V
Loans Receivable - Summary of Various Categories of Loans Receivable (Detail) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans receivable | $ 7,849,645 | $ 7,387,699 |
Multifamily Residential [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans receivable | 404,815 | 340,926 |
Commercial Real Estate Non Farm Nonresidential [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans receivable | 3,462,773 | 3,153,121 |
Commercial Real Estate Construction Land Development Loan [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans receivable | 1,217,519 | 1,135,843 |
Agricultural [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans receivable | 79,940 | 77,736 |
Residential 1-4 Family [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans receivable | 1,493,133 | 1,356,136 |
Residential and Commercial Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans receivable | 6,658,180 | 6,063,762 |
Agricultural [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans receivable | 69,307 | 74,673 |
Other [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans receivable | 66,862 | 84,306 |
Consumer [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans receivable | 41,893 | 41,745 |
Commercial and Industrial [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans receivable | $ 1,013,403 | $ 1,123,213 |
Loans Receivable - Additional I
Loans Receivable - Additional Information (Detail) - USD ($) | 3 Months Ended | ||
Mar. 31, 2017 | Mar. 31, 2016 | Dec. 31, 2016 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Mortgage loans held for sale | $ 50,700,000 | $ 56,200,000 | |
Purchased loans | 1,380,000,000 | 1,130,000,000 | |
Amount of discount for credit losses on purchased loans | 104,500,000 | 100,100,000 | |
Non-accretable discount for credit losses on purchased loans | 40,000,000 | 35,300,000 | |
Accretable discount for credit losses on purchased loans | 64,500,000 | $ 64,900,000 | |
SBA Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans sold during period | 4,000,000 | $ 0 | |
Gain on sale of guaranteed portion of loans | $ 188,000 |
Allowance for Loan Losses, Cr59
Allowance for Loan Losses, Credit Quality and Other - Summary of Changes in Allowance for Loan Losses (Detail) $ in Thousands | 3 Months Ended |
Mar. 31, 2017USD ($) | |
Receivables [Abstract] | |
Beginning balance | $ 80,002 |
Loans charged off | (4,706) |
Recoveries of loans previously charged off | 1,101 |
Net loans recovered (charged off) | (3,605) |
Provision for loan losses | 3,914 |
Ending balance | $ 80,311 |
Allowance for Loan Losses, Cr60
Allowance for Loan Losses, Credit Quality and Other - Balance of Allowance for Loan Losses (Detail) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |||
Mar. 31, 2017 | Mar. 31, 2016 | Dec. 31, 2016 | Mar. 31, 2017 | Dec. 31, 2016 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Beginning balance | $ 80,002 | ||||
Loans charged off | (4,706) | ||||
Recoveries of loans previously charged off | 1,101 | ||||
Net loans recovered (charged off) | 3,605 | ||||
Provision for loan losses | 3,914 | ||||
Ending balance | 80,311 | $ 80,002 | |||
Allowance for loan losses | 80,311 | 80,002 | $ 80,311 | $ 80,002 | |
Loans individually evaluated for impairment | 0 | 0 | |||
Purchased credit impaired loans | 104,500 | 100,100 | |||
Allowance for loan losses | 80,311 | 80,002 | 80,311 | 80,002 | |
Loans evaluated for impairment, ending balance | 7,686,444 | 7,228,135 | |||
Purchased credit impaired loans | 163,201 | 159,564 | |||
Total Loans Receivable | 7,849,645 | 7,387,699 | |||
Commercial and Industrial [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Loans evaluated for impairment, ending balance | 1,000,545 | 1,111,764 | |||
Total Loans Receivable | 1,013,403 | 1,123,213 | |||
Loans Receivable [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Total Loans Receivable | 7,849,645 | 7,387,699 | |||
Loans Receivable [Member] | Allowance for Loan Losses [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Beginning balance | 80,002 | $ 69,224 | 69,224 | ||
Loans charged off | (4,706) | (3,947) | (13,554) | ||
Recoveries of loans previously charged off | 1,101 | 1,352 | 8,319 | ||
Net loans recovered (charged off) | 3,605 | (2,595) | 5,235 | ||
Provision for loan losses | 3,914 | (5,677) | 12,931 | ||
Ending balance | 80,311 | 72,306 | 80,002 | ||
Allowance for loan losses | 80,311 | 72,306 | 69,224 | 80,311 | 80,002 |
Loans individually evaluated for impairment | 4,280 | 1,629 | |||
Loans collectively evaluated for impairment | 73,476 | 76,503 | |||
Loans evaluated for impairment, ending balance | 77,756 | 78,132 | |||
Purchased credit impaired loans | 2,555 | 1,870 | |||
Allowance for loan losses | 80,311 | 72,306 | 69,224 | 80,311 | 80,002 |
Loans Receivable [Member] | Loans Receivable [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Loans individually evaluated for impairment | 130,899 | 149,253 | |||
Loans collectively evaluated for impairment | 7,555,545 | 7,078,882 | |||
Loans evaluated for impairment, ending balance | 7,686,444 | 7,228,135 | |||
Purchased credit impaired loans | 163,201 | 159,564 | |||
Total Loans Receivable | 7,849,645 | 7,387,699 | |||
Loans Receivable [Member] | Residential Real Estate Loans [Member] | Allowance for Loan Losses [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Beginning balance | 16,517 | 14,818 | 14,818 | ||
Loans charged off | (1,891) | (1,309) | (4,288) | ||
Recoveries of loans previously charged off | 133 | 475 | 677 | ||
Net loans recovered (charged off) | 1,758 | (834) | 3,611 | ||
Provision for loan losses | 3,481 | (1,166) | 4,978 | ||
Ending balance | 18,240 | 15,150 | 16,517 | ||
Allowance for loan losses | 18,240 | 15,150 | 14,818 | 18,240 | 16,517 |
Loans individually evaluated for impairment | 268 | 103 | |||
Loans collectively evaluated for impairment | 16,810 | 15,796 | |||
Loans evaluated for impairment, ending balance | 17,078 | 15,899 | |||
Purchased credit impaired loans | 1,162 | 618 | |||
Allowance for loan losses | 18,240 | 15,150 | 14,818 | 18,240 | 16,517 |
Loans Receivable [Member] | Residential Real Estate Loans [Member] | Loans Receivable [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Loans individually evaluated for impairment | 26,261 | 35,187 | |||
Loans collectively evaluated for impairment | 1,820,480 | 1,608,805 | |||
Loans evaluated for impairment, ending balance | 1,846,741 | 1,643,992 | |||
Purchased credit impaired loans | 51,207 | 53,070 | |||
Total Loans Receivable | 1,897,948 | 1,697,062 | |||
Loans Receivable [Member] | Commercial and Industrial [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Total Loans Receivable | 1,013,403 | 1,123,213 | |||
Loans Receivable [Member] | Commercial and Industrial [Member] | Allowance for Loan Losses [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Beginning balance | 12,756 | 9,324 | 9,324 | ||
Loans charged off | (645) | (883) | (4,895) | ||
Recoveries of loans previously charged off | 182 | 529 | 5,004 | ||
Net loans recovered (charged off) | 463 | (354) | (109) | ||
Provision for loan losses | 1,091 | (1,064) | 2,613 | ||
Ending balance | 13,384 | 10,034 | 12,756 | ||
Allowance for loan losses | 13,384 | 10,034 | 9,324 | 13,384 | 12,756 |
Loans individually evaluated for impairment | 2,665 | 95 | |||
Loans collectively evaluated for impairment | 10,524 | 12,596 | |||
Loans evaluated for impairment, ending balance | 13,189 | 12,691 | |||
Purchased credit impaired loans | 195 | 65 | |||
Allowance for loan losses | 13,384 | 10,034 | 9,324 | 13,384 | 12,756 |
Loans Receivable [Member] | Commercial and Industrial [Member] | Loans Receivable [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Loans individually evaluated for impairment | 11,705 | 25,873 | |||
Loans collectively evaluated for impairment | 988,840 | 1,085,891 | |||
Loans evaluated for impairment, ending balance | 1,000,545 | 1,111,764 | |||
Purchased credit impaired loans | 12,858 | 11,449 | |||
Total Loans Receivable | 1,013,403 | 1,123,213 | |||
Loans Receivable [Member] | Unallocated [Member] | Allowance for Loan Losses [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Beginning balance | 6,831 | 2,486 | 2,486 | ||
Provision for loan losses | (2,510) | 1,950 | 6,295 | ||
Ending balance | 4,321 | 536 | 6,831 | ||
Allowance for loan losses | 4,321 | 536 | 2,486 | 4,321 | 6,831 |
Loans collectively evaluated for impairment | 4,321 | 6,831 | |||
Loans evaluated for impairment, ending balance | 4,321 | 6,831 | |||
Allowance for loan losses | 4,321 | 536 | 2,486 | 4,321 | 6,831 |
Construction/Land Development [Member] | Loans Receivable [Member] | Allowance for Loan Losses [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Beginning balance | 11,522 | 10,782 | 10,782 | ||
Loans charged off | (207) | (87) | (295) | ||
Recoveries of loans previously charged off | 199 | 19 | 1,106 | ||
Net loans recovered (charged off) | 8 | (68) | (811) | ||
Provision for loan losses | 559 | (996) | (999) | ||
Ending balance | 12,073 | 11,710 | 11,522 | ||
Allowance for loan losses | 12,073 | 11,710 | 10,782 | 12,073 | 11,522 |
Loans individually evaluated for impairment | 120 | 15 | |||
Loans collectively evaluated for impairment | 11,911 | 11,463 | |||
Loans evaluated for impairment, ending balance | 12,031 | 11,478 | |||
Purchased credit impaired loans | 42 | 44 | |||
Allowance for loan losses | 12,073 | 11,710 | 10,782 | 12,073 | 11,522 |
Construction/Land Development [Member] | Loans Receivable [Member] | Loans Receivable [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Loans individually evaluated for impairment | 26,280 | 12,374 | |||
Loans collectively evaluated for impairment | 1,173,985 | 1,105,921 | |||
Loans evaluated for impairment, ending balance | 1,200,265 | 1,118,295 | |||
Purchased credit impaired loans | 17,254 | 17,548 | |||
Total Loans Receivable | 1,217,519 | 1,135,843 | |||
Other Commercial Real Estate [Member] | Loans Receivable [Member] | Allowance for Loan Losses [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Beginning balance | 28,188 | 26,798 | 26,798 | ||
Loans charged off | (1,464) | (1,183) | (2,403) | ||
Recoveries of loans previously charged off | 331 | 38 | 819 | ||
Net loans recovered (charged off) | 1,133 | (1,145) | 1,584 | ||
Provision for loan losses | 1,868 | (3,706) | 413 | ||
Ending balance | 28,923 | 29,359 | 28,188 | ||
Allowance for loan losses | 28,923 | 29,359 | 26,798 | 28,923 | 28,188 |
Loans individually evaluated for impairment | 1,227 | 1,416 | |||
Loans collectively evaluated for impairment | 26,554 | 25,641 | |||
Loans evaluated for impairment, ending balance | 27,781 | 27,057 | |||
Purchased credit impaired loans | 1,142 | 1,131 | |||
Allowance for loan losses | 28,923 | 29,359 | 26,798 | 28,923 | 28,188 |
Other Commercial Real Estate [Member] | Loans Receivable [Member] | Loans Receivable [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Loans individually evaluated for impairment | 65,717 | 74,723 | |||
Loans collectively evaluated for impairment | 3,397,782 | 3,080,201 | |||
Loans evaluated for impairment, ending balance | 3,463,499 | 3,154,924 | |||
Purchased credit impaired loans | 79,214 | 75,933 | |||
Total Loans Receivable | 3,542,713 | 3,230,857 | |||
Consumer & Other [Member] | Loans Receivable [Member] | Allowance for Loan Losses [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Beginning balance | 4,188 | 5,016 | 5,016 | ||
Loans charged off | (499) | (485) | (1,673) | ||
Recoveries of loans previously charged off | 256 | 291 | 713 | ||
Net loans recovered (charged off) | 243 | (194) | 960 | ||
Provision for loan losses | (575) | (695) | (369) | ||
Ending balance | 3,370 | 5,517 | 4,188 | ||
Allowance for loan losses | 3,370 | 5,517 | 5,016 | 3,370 | 4,188 |
Loans collectively evaluated for impairment | 3,356 | 4,176 | |||
Loans evaluated for impairment, ending balance | 3,356 | 4,176 | |||
Purchased credit impaired loans | 14 | 12 | |||
Allowance for loan losses | $ 3,370 | $ 5,517 | $ 5,016 | 3,370 | 4,188 |
Consumer & Other [Member] | Loans Receivable [Member] | Loans Receivable [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Loans individually evaluated for impairment | 936 | 1,096 | |||
Loans collectively evaluated for impairment | 174,458 | 198,064 | |||
Loans evaluated for impairment, ending balance | 175,394 | 199,160 | |||
Purchased credit impaired loans | 2,668 | 1,564 | |||
Total Loans Receivable | $ 178,062 | $ 200,724 |
Allowance for Loan Losses, Cr61
Allowance for Loan Losses, Credit Quality and Other - Summary of Aging Analysis for Loans Receivable (Detail) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Loans Receivable | $ 7,849,645 | $ 7,387,699 |
Multifamily Residential [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Loans Receivable | 404,815 | 340,926 |
Consumer [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Loans Receivable | 41,893 | 41,745 |
Commercial and Industrial [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Loans Receivable | 1,013,403 | 1,123,213 |
Loans Receivable [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 74,636 | 77,347 |
Current Loans | 7,775,009 | 7,310,352 |
Total Loans Receivable | 7,849,645 | 7,387,699 |
Accruing Loans Past Due 90 Days or More | 15,388 | 15,942 |
Loans Receivable [Member] | Multifamily Residential [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 667 | 262 |
Current Loans | 404,148 | 340,664 |
Total Loans Receivable | 404,815 | 340,926 |
Loans Receivable [Member] | Consumer [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 433 | 344 |
Current Loans | 41,460 | 41,401 |
Total Loans Receivable | 41,893 | 41,745 |
Accruing Loans Past Due 90 Days or More | 10 | 21 |
Loans Receivable [Member] | Commercial and Industrial [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 5,825 | 5,030 |
Current Loans | 1,007,578 | 1,118,183 |
Total Loans Receivable | 1,013,403 | 1,123,213 |
Accruing Loans Past Due 90 Days or More | 139 | 309 |
Loans Receivable [Member] | Agricultural and Other [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 1,098 | 1,727 |
Current Loans | 135,071 | 157,252 |
Total Loans Receivable | 136,169 | 158,979 |
Loans Past Due 30-59 Days [Member] | Loans Receivable [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 13,061 | 11,576 |
Loans Past Due 30-59 Days [Member] | Loans Receivable [Member] | Multifamily Residential [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 412 | |
Loans Past Due 30-59 Days [Member] | Loans Receivable [Member] | Consumer [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 204 | 117 |
Loans Past Due 30-59 Days [Member] | Loans Receivable [Member] | Commercial and Industrial [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 1,785 | 984 |
Loans Past Due 30-59 Days [Member] | Loans Receivable [Member] | Agricultural and Other [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 328 | 782 |
Loans Past Due 60-89 Days [Member] | Loans Receivable [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 2,377 | 2,647 |
Loans Past Due 60-89 Days [Member] | Loans Receivable [Member] | Consumer [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 57 | 66 |
Loans Past Due 60-89 Days [Member] | Loans Receivable [Member] | Commercial and Industrial [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 582 | 582 |
Loans Past Due 60-89 Days [Member] | Loans Receivable [Member] | Agricultural and Other [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 6 | 10 |
Loans Past Due 90 Days or More [Member] | Loans Receivable [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 59,198 | 63,124 |
Loans Past Due 90 Days or More [Member] | Loans Receivable [Member] | Multifamily Residential [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 255 | 262 |
Loans Past Due 90 Days or More [Member] | Loans Receivable [Member] | Consumer [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 172 | 161 |
Loans Past Due 90 Days or More [Member] | Loans Receivable [Member] | Commercial and Industrial [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 3,458 | 3,464 |
Loans Past Due 90 Days or More [Member] | Loans Receivable [Member] | Agricultural and Other [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 764 | 935 |
Commercial Real Estate Non Farm Nonresidential [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Loans Receivable | 3,462,773 | 3,153,121 |
Commercial Real Estate Non Farm Nonresidential [Member] | Loans Receivable [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 29,276 | 30,240 |
Current Loans | 3,433,497 | 3,122,881 |
Total Loans Receivable | 3,462,773 | 3,153,121 |
Accruing Loans Past Due 90 Days or More | 9,009 | 9,530 |
Commercial Real Estate Non Farm Nonresidential [Member] | Loans Past Due 30-59 Days [Member] | Loans Receivable [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 2,580 | 2,036 |
Commercial Real Estate Non Farm Nonresidential [Member] | Loans Past Due 60-89 Days [Member] | Loans Receivable [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 1,105 | 686 |
Commercial Real Estate Non Farm Nonresidential [Member] | Loans Past Due 90 Days or More [Member] | Loans Receivable [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 25,591 | 27,518 |
Commercial Real Estate Construction Land Development Loan [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Loans Receivable | 1,217,519 | 1,135,843 |
Commercial Real Estate Construction Land Development Loan [Member] | Loans Receivable [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 8,294 | 7,743 |
Current Loans | 1,209,225 | 1,128,100 |
Total Loans Receivable | 1,217,519 | 1,135,843 |
Accruing Loans Past Due 90 Days or More | 3,112 | 3,086 |
Commercial Real Estate Construction Land Development Loan [Member] | Loans Past Due 30-59 Days [Member] | Loans Receivable [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 1,460 | 685 |
Commercial Real Estate Construction Land Development Loan [Member] | Loans Past Due 60-89 Days [Member] | Loans Receivable [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 32 | 16 |
Commercial Real Estate Construction Land Development Loan [Member] | Loans Past Due 90 Days or More [Member] | Loans Receivable [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 6,802 | 7,042 |
Agricultural [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Loans Receivable | 79,940 | 77,736 |
Agricultural [Member] | Loans Receivable [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 156 | 435 |
Current Loans | 79,784 | 77,301 |
Total Loans Receivable | 79,940 | 77,736 |
Agricultural [Member] | Loans Past Due 90 Days or More [Member] | Loans Receivable [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 156 | 435 |
Residential 1-4 Family [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Loans Receivable | 1,493,133 | 1,356,136 |
Residential 1-4 Family [Member] | Loans Receivable [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 28,887 | 31,566 |
Current Loans | 1,464,246 | 1,324,570 |
Total Loans Receivable | 1,493,133 | 1,356,136 |
Accruing Loans Past Due 90 Days or More | 3,118 | 2,996 |
Residential 1-4 Family [Member] | Loans Past Due 30-59 Days [Member] | Loans Receivable [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 6,292 | 6,972 |
Residential 1-4 Family [Member] | Loans Past Due 60-89 Days [Member] | Loans Receivable [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 595 | 1,287 |
Residential 1-4 Family [Member] | Loans Past Due 90 Days or More [Member] | Loans Receivable [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 22,000 | 23,307 |
Residential and Commercial Real Estate [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Loans Receivable | 6,658,180 | 6,063,762 |
Residential and Commercial Real Estate [Member] | Loans Receivable [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 67,280 | 70,246 |
Current Loans | 6,590,900 | 5,993,516 |
Total Loans Receivable | 6,658,180 | 6,063,762 |
Accruing Loans Past Due 90 Days or More | 15,239 | 15,612 |
Residential and Commercial Real Estate [Member] | Loans Past Due 30-59 Days [Member] | Loans Receivable [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 10,744 | 9,693 |
Residential and Commercial Real Estate [Member] | Loans Past Due 60-89 Days [Member] | Loans Receivable [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 1,732 | 1,989 |
Residential and Commercial Real Estate [Member] | Loans Past Due 90 Days or More [Member] | Loans Receivable [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | $ 54,804 | $ 58,564 |
Allowance for Loan Losses, Cr62
Allowance for Loan Losses, Credit Quality and Other - Additional Information (Detail) | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2017USD ($)Rating | Mar. 31, 2016USD ($) | Dec. 31, 2016USD ($) | |
Receivables [Abstract] | |||
Non-accruing loans | $ 43,800,000 | $ 47,200,000 | |
Interest recognized on impaired loans | $ 514,000 | $ 549,000 | $ 2,256,000 |
Risk rating scale of loan | Loans are rated on a scale from 1 to 8. | ||
Amount of loan assessed for impairment on a quarterly basis | $ 2,000,000 | ||
Over $2,000,000 assessed minimum rated | Rating | 5 | ||
Over $2,000,000 assessed maximum rated | Rating | 8 | ||
Reforecasted future interest payments for loan pools, Accretable Yield | $ 2,000,000 | ||
Adjustment to yield over the weighted average life of the loans | $ 286,000 |
Allowance for Loan Losses, Cr63
Allowance for Loan Losses, Credit Quality and Other - Summary of Impaired Loans (Detail) - USD ($) | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | Dec. 31, 2016 | |
Financing Receivable, Impaired [Line Items] | |||
Unpaid Contractual Principal Balance | $ 424,000 | ||
Total Recorded Investment | 384,000 | ||
Allocation of Allowance for Loan Losses | $ 0 | 0 | |
Average Recorded Investment | 193,000 | 231,000 | |
Interest Recognized | 27,000 | ||
Unpaid Contractual Principal Balance | 94,681,000 | 96,678,000 | |
Total Recorded Investment | 91,192,000 | 92,743,000 | |
Allocation of Allowance for Loan Losses | 4,280,000 | 1,629,000 | |
Average Recorded Investment | 91,966,000 | 89,377,000 | |
Interest Recognized | 514,000 | 2,229,000 | |
Unpaid Contractual Principal Balance | 94,681,000 | 97,102,000 | |
Total Recorded Investment | 91,192,000 | 93,127,000 | |
Allocation of Allowance for Loan Losses | 4,280,000 | 1,629,000 | |
Average Recorded Investment | 92,159,000 | 89,608,000 | |
Interest Recognized | 514,000 | $ 549,000 | 2,256,000 |
Commercial Real Estate Non Farm Nonresidential [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Unpaid Contractual Principal Balance | 29,000 | ||
Total Recorded Investment | 29,000 | ||
Allocation of Allowance for Loan Losses | 0 | 0 | |
Average Recorded Investment | 15,000 | 23,000 | |
Interest Recognized | 2,000 | ||
Unpaid Contractual Principal Balance | 47,046,000 | 52,477,000 | |
Total Recorded Investment | 45,004,000 | 50,355,000 | |
Allocation of Allowance for Loan Losses | 1,223,000 | 1,414,000 | |
Average Recorded Investment | 47,679,000 | 42,979,000 | |
Interest Recognized | 328,000 | 1,335,000 | |
Unpaid Contractual Principal Balance | 47,046,000 | 52,506,000 | |
Total Recorded Investment | 45,004,000 | 50,384,000 | |
Allocation of Allowance for Loan Losses | 1,223,000 | 1,414,000 | |
Average Recorded Investment | 47,694,000 | 43,002,000 | |
Interest Recognized | 328,000 | 1,337,000 | |
Commercial Real Estate Construction Land Development Loan [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Allocation of Allowance for Loan Losses | 0 | 0 | |
Average Recorded Investment | 6,000 | ||
Unpaid Contractual Principal Balance | 11,595,000 | 8,313,000 | |
Total Recorded Investment | 10,741,000 | 7,595,000 | |
Allocation of Allowance for Loan Losses | 120,000 | 15,000 | |
Average Recorded Investment | 9,168,000 | 12,878,000 | |
Interest Recognized | 67,000 | 334,000 | |
Unpaid Contractual Principal Balance | 11,595,000 | 8,313,000 | |
Total Recorded Investment | 10,741,000 | 7,595,000 | |
Allocation of Allowance for Loan Losses | 120,000 | 15,000 | |
Average Recorded Investment | 9,168,000 | 12,884,000 | |
Interest Recognized | 67,000 | 334,000 | |
Agricultural [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Unpaid Contractual Principal Balance | 40,000 | ||
Allocation of Allowance for Loan Losses | 0 | 0 | |
Interest Recognized | 2,000 | ||
Unpaid Contractual Principal Balance | 156,000 | 395,000 | |
Total Recorded Investment | 160,000 | 438,000 | |
Allocation of Allowance for Loan Losses | 4,000 | 2,000 | |
Average Recorded Investment | 299,000 | 469,000 | |
Interest Recognized | 2,000 | ||
Unpaid Contractual Principal Balance | 156,000 | 435,000 | |
Total Recorded Investment | 160,000 | 438,000 | |
Allocation of Allowance for Loan Losses | 4,000 | 2,000 | |
Average Recorded Investment | 299,000 | 469,000 | |
Interest Recognized | 2,000 | 2,000 | |
Residential 1-4 Family [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Unpaid Contractual Principal Balance | 231,000 | ||
Total Recorded Investment | 231,000 | ||
Allocation of Allowance for Loan Losses | 0 | 0 | |
Average Recorded Investment | 116,000 | 119,000 | |
Interest Recognized | 15,000 | ||
Unpaid Contractual Principal Balance | 26,229,000 | 26,681,000 | |
Total Recorded Investment | 25,716,000 | 25,675,000 | |
Allocation of Allowance for Loan Losses | 253,000 | 95,000 | |
Average Recorded Investment | 25,695,000 | 20,239,000 | |
Interest Recognized | 107,000 | 293,000 | |
Unpaid Contractual Principal Balance | 26,229,000 | 26,912,000 | |
Total Recorded Investment | 25,716,000 | 25,906,000 | |
Allocation of Allowance for Loan Losses | 253,000 | 95,000 | |
Average Recorded Investment | 25,811,000 | 20,358,000 | |
Interest Recognized | 107,000 | 308,000 | |
Residential and Commercial Real Estate [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Unpaid Contractual Principal Balance | 300,000 | ||
Total Recorded Investment | 260,000 | ||
Allocation of Allowance for Loan Losses | 0 | 0 | |
Average Recorded Investment | 131,000 | 167,000 | |
Interest Recognized | 19,000 | ||
Unpaid Contractual Principal Balance | 85,570,000 | 88,418,000 | |
Total Recorded Investment | 82,165,000 | 84,615,000 | |
Allocation of Allowance for Loan Losses | 1,615,000 | 1,534,000 | |
Average Recorded Investment | 83,389,000 | 77,487,000 | |
Interest Recognized | 508,000 | 1,971,000 | |
Unpaid Contractual Principal Balance | 85,570,000 | 88,718,000 | |
Total Recorded Investment | 82,165,000 | 84,875,000 | |
Allocation of Allowance for Loan Losses | 1,615,000 | 1,534,000 | |
Average Recorded Investment | 83,520,000 | 77,654,000 | |
Interest Recognized | 508,000 | 1,990,000 | |
Commercial and Industrial [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Unpaid Contractual Principal Balance | 124,000 | ||
Total Recorded Investment | 124,000 | ||
Allocation of Allowance for Loan Losses | 0 | 0 | |
Average Recorded Investment | 62,000 | 64,000 | |
Interest Recognized | 8,000 | ||
Unpaid Contractual Principal Balance | 8,174,000 | 7,160,000 | |
Total Recorded Investment | 8,091,000 | 7,032,000 | |
Allocation of Allowance for Loan Losses | 2,665,000 | 95,000 | |
Average Recorded Investment | 7,561,000 | 10,630,000 | |
Interest Recognized | 6,000 | 255,000 | |
Unpaid Contractual Principal Balance | 8,174,000 | 7,284,000 | |
Total Recorded Investment | 8,091,000 | 7,156,000 | |
Allocation of Allowance for Loan Losses | 2,665,000 | 95,000 | |
Average Recorded Investment | 7,623,000 | 10,694,000 | |
Interest Recognized | 6,000 | 263,000 | |
Agricultural and Other [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Allocation of Allowance for Loan Losses | 0 | 0 | |
Unpaid Contractual Principal Balance | 764,000 | 935,000 | |
Total Recorded Investment | 764,000 | 935,000 | |
Average Recorded Investment | 850,000 | 1,037,000 | |
Unpaid Contractual Principal Balance | 764,000 | 935,000 | |
Total Recorded Investment | 764,000 | 935,000 | |
Average Recorded Investment | 850,000 | 1,037,000 | |
Consumer [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Allocation of Allowance for Loan Losses | 0 | 0 | |
Unpaid Contractual Principal Balance | 173,000 | 165,000 | |
Total Recorded Investment | 172,000 | 161,000 | |
Average Recorded Investment | 166,000 | 223,000 | |
Interest Recognized | 3,000 | ||
Unpaid Contractual Principal Balance | 173,000 | 165,000 | |
Total Recorded Investment | 172,000 | 161,000 | |
Average Recorded Investment | 166,000 | 223,000 | |
Interest Recognized | 3,000 | ||
Multifamily Residential [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Allocation of Allowance for Loan Losses | 0 | 0 | |
Average Recorded Investment | 19,000 | ||
Unpaid Contractual Principal Balance | 544,000 | 552,000 | |
Total Recorded Investment | 544,000 | 552,000 | |
Allocation of Allowance for Loan Losses | 15,000 | 8,000 | |
Average Recorded Investment | 548,000 | 922,000 | |
Interest Recognized | 4,000 | 9,000 | |
Unpaid Contractual Principal Balance | 544,000 | 552,000 | |
Total Recorded Investment | 544,000 | 552,000 | |
Allocation of Allowance for Loan Losses | 15,000 | 8,000 | |
Average Recorded Investment | 548,000 | 941,000 | |
Interest Recognized | $ 4,000 | $ 9,000 |
Allowance for Loan Losses, Cr64
Allowance for Loan Losses, Credit Quality and Other - Presentation of Classified Loans by Class and Risk Rating (Detail) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | $ 7,686,444 | $ 7,228,135 |
Purchased credit impaired loans acquired | 163,201 | 159,564 |
Loans receivable | 7,849,645 | 7,387,699 |
Commercial Real Estate Non Farm Nonresidential [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 3,383,559 | 3,077,188 |
Loans receivable | 3,462,773 | 3,153,121 |
Commercial Real Estate Construction Land Development Loan [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 1,200,265 | 1,118,295 |
Loans receivable | 1,217,519 | 1,135,843 |
Agricultural [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 79,940 | 77,736 |
Loans receivable | 79,940 | 77,736 |
Residential 1-4 Family [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 1,450,218 | 1,309,475 |
Loans receivable | 1,493,133 | 1,356,136 |
Residential and Commercial Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 6,510,505 | 5,917,211 |
Loans receivable | 6,658,180 | 6,063,762 |
Agricultural and Other [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 134,612 | 158,580 |
Loans Receivable [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 7,849,645 | 7,387,699 |
Loans Receivable [Member] | Commercial Real Estate Non Farm Nonresidential [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 3,462,773 | 3,153,121 |
Loans Receivable [Member] | Commercial Real Estate Construction Land Development Loan [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 1,217,519 | 1,135,843 |
Loans Receivable [Member] | Agricultural [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 79,940 | 77,736 |
Loans Receivable [Member] | Residential 1-4 Family [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 1,493,133 | 1,356,136 |
Loans Receivable [Member] | Residential and Commercial Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 6,658,180 | 6,063,762 |
Consumer [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 40,782 | 40,580 |
Loans receivable | 41,893 | 41,745 |
Consumer [Member] | Loans Receivable [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 41,893 | 41,745 |
Commercial and Industrial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 1,000,545 | 1,111,764 |
Loans receivable | 1,013,403 | 1,123,213 |
Commercial and Industrial [Member] | Loans Receivable [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 1,013,403 | 1,123,213 |
Agricultural and Other [Member] | Loans Receivable [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 136,169 | 158,979 |
Multifamily Residential [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 396,523 | 334,517 |
Loans receivable | 404,815 | 340,926 |
Multifamily Residential [Member] | Loans Receivable [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 404,815 | 340,926 |
Risk Rated 1 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 33,696 | 35,359 |
Risk Rated 1 [Member] | Commercial Real Estate Non Farm Nonresidential [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 1,043 | 1,047 |
Risk Rated 1 [Member] | Commercial Real Estate Construction Land Development Loan [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 673 | 400 |
Risk Rated 1 [Member] | Residential 1-4 Family [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 1,374 | 2,336 |
Risk Rated 1 [Member] | Residential and Commercial Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 3,090 | 3,783 |
Risk Rated 1 [Member] | Agricultural and Other [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 3,039 | 3,379 |
Risk Rated 1 [Member] | Consumer [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 14,366 | 15,080 |
Risk Rated 1 [Member] | Commercial and Industrial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 13,201 | 13,117 |
Risk Rated 2 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 9,252 | 12,434 |
Risk Rated 2 [Member] | Commercial Real Estate Non Farm Nonresidential [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 1,744 | 4,762 |
Risk Rated 2 [Member] | Commercial Real Estate Construction Land Development Loan [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 1,013 | 981 |
Risk Rated 2 [Member] | Agricultural [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 121 | 157 |
Risk Rated 2 [Member] | Residential 1-4 Family [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 1,662 | 1,683 |
Risk Rated 2 [Member] | Residential and Commercial Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 4,540 | 7,583 |
Risk Rated 2 [Member] | Agricultural and Other [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 963 | 976 |
Risk Rated 2 [Member] | Consumer [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 160 | 231 |
Risk Rated 2 [Member] | Commercial and Industrial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 3,589 | 3,644 |
Risk Rated 3 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 4,038,210 | 3,620,697 |
Risk Rated 3 [Member] | Commercial Real Estate Non Farm Nonresidential [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 1,800,036 | 1,568,385 |
Risk Rated 3 [Member] | Commercial Real Estate Construction Land Development Loan [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 211,247 | 180,094 |
Risk Rated 3 [Member] | Agricultural [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 54,756 | 53,753 |
Risk Rated 3 [Member] | Residential 1-4 Family [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 1,006,030 | 941,760 |
Risk Rated 3 [Member] | Residential and Commercial Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 3,404,526 | 3,022,506 |
Risk Rated 3 [Member] | Agricultural and Other [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 71,009 | 82,641 |
Risk Rated 3 [Member] | Consumer [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 16,945 | 15,330 |
Risk Rated 3 [Member] | Commercial and Industrial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 545,730 | 500,220 |
Risk Rated 3 [Member] | Multifamily Residential [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 332,457 | 278,514 |
Risk Rated 4 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 3,442,187 | 3,377,129 |
Risk Rated 4 [Member] | Commercial Real Estate Non Farm Nonresidential [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 1,510,457 | 1,425,316 |
Risk Rated 4 [Member] | Commercial Real Estate Construction Land Development Loan [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 958,460 | 921,081 |
Risk Rated 4 [Member] | Agricultural [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 23,729 | 22,238 |
Risk Rated 4 [Member] | Residential 1-4 Family [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 406,360 | 324,045 |
Risk Rated 4 [Member] | Residential and Commercial Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 2,961,011 | 2,738,422 |
Risk Rated 4 [Member] | Agricultural and Other [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 58,827 | 70,649 |
Risk Rated 4 [Member] | Consumer [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 9,049 | 9,645 |
Risk Rated 4 [Member] | Commercial and Industrial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 413,300 | 558,413 |
Risk Rated 4 [Member] | Multifamily Residential [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 62,005 | 45,742 |
Risk Rated 5 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 71,462 | 79,995 |
Risk Rated 5 [Member] | Commercial Real Estate Non Farm Nonresidential [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 36,441 | 33,559 |
Risk Rated 5 [Member] | Commercial Real Estate Construction Land Development Loan [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 15,100 | 7,087 |
Risk Rated 5 [Member] | Agricultural [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 860 | 829 |
Risk Rated 5 [Member] | Residential 1-4 Family [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 9,600 | 10,360 |
Risk Rated 5 [Member] | Residential and Commercial Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 62,217 | 60,705 |
Risk Rated 5 [Member] | Consumer [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 53 | 81 |
Risk Rated 5 [Member] | Commercial and Industrial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 9,192 | 19,209 |
Risk Rated 5 [Member] | Multifamily Residential [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 216 | 8,870 |
Classified Total [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 91,637 | 102,521 |
Classified Total [Member] | Commercial Real Estate Non Farm Nonresidential [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 33,838 | 44,119 |
Classified Total [Member] | Commercial Real Estate Construction Land Development Loan [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 13,772 | 8,652 |
Classified Total [Member] | Agricultural [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 474 | 759 |
Classified Total [Member] | Residential 1-4 Family [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 25,192 | 29,291 |
Classified Total [Member] | Residential and Commercial Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 75,121 | 84,212 |
Classified Total [Member] | Agricultural and Other [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 774 | 935 |
Classified Total [Member] | Loans Receivable [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 91,637 | 102,521 |
Classified Total [Member] | Loans Receivable [Member] | Commercial Real Estate Non Farm Nonresidential [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 33,838 | 44,119 |
Classified Total [Member] | Loans Receivable [Member] | Commercial Real Estate Construction Land Development Loan [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 13,772 | 8,652 |
Classified Total [Member] | Loans Receivable [Member] | Agricultural [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 474 | 759 |
Classified Total [Member] | Loans Receivable [Member] | Residential 1-4 Family [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 25,192 | 29,291 |
Classified Total [Member] | Loans Receivable [Member] | Residential and Commercial Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 75,121 | 84,212 |
Classified Total [Member] | Consumer [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 209 | 213 |
Classified Total [Member] | Consumer [Member] | Loans Receivable [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 209 | 213 |
Classified Total [Member] | Commercial and Industrial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 15,533 | 17,161 |
Classified Total [Member] | Commercial and Industrial [Member] | Loans Receivable [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 15,533 | 17,161 |
Classified Total [Member] | Agricultural and Other [Member] | Loans Receivable [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 774 | 935 |
Classified Total [Member] | Multifamily Residential [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 1,845 | 1,391 |
Classified Total [Member] | Multifamily Residential [Member] | Loans Receivable [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 1,845 | 1,391 |
Risk Rated 6 [Member] | Loans Receivable [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 90,290 | 101,409 |
Risk Rated 6 [Member] | Loans Receivable [Member] | Commercial Real Estate Non Farm Nonresidential [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 33,300 | 43,657 |
Risk Rated 6 [Member] | Loans Receivable [Member] | Commercial Real Estate Construction Land Development Loan [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 13,662 | 8,619 |
Risk Rated 6 [Member] | Loans Receivable [Member] | Agricultural [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 474 | 759 |
Risk Rated 6 [Member] | Loans Receivable [Member] | Residential 1-4 Family [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 24,668 | 28,846 |
Risk Rated 6 [Member] | Loans Receivable [Member] | Residential and Commercial Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 73,949 | 83,272 |
Risk Rated 6 [Member] | Consumer [Member] | Loans Receivable [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 208 | 211 |
Risk Rated 6 [Member] | Commercial and Industrial [Member] | Loans Receivable [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 15,359 | 16,991 |
Risk Rated 6 [Member] | Agricultural and Other [Member] | Loans Receivable [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 774 | 935 |
Risk Rated 6 [Member] | Multifamily Residential [Member] | Loans Receivable [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 1,845 | 1,391 |
Risk Rated 7 [Member] | Loans Receivable [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 1,347 | 1,112 |
Risk Rated 7 [Member] | Loans Receivable [Member] | Commercial Real Estate Non Farm Nonresidential [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 538 | 462 |
Risk Rated 7 [Member] | Loans Receivable [Member] | Commercial Real Estate Construction Land Development Loan [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 110 | 33 |
Risk Rated 7 [Member] | Loans Receivable [Member] | Residential 1-4 Family [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 524 | 445 |
Risk Rated 7 [Member] | Loans Receivable [Member] | Residential and Commercial Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 1,172 | 940 |
Risk Rated 7 [Member] | Consumer [Member] | Loans Receivable [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 1 | 2 |
Risk Rated 7 [Member] | Commercial and Industrial [Member] | Loans Receivable [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | $ 174 | $ 170 |
Allowance for Loan Losses, Cr65
Allowance for Loan Losses, Credit Quality and Other - Presentation of Troubled Debt Restructurings ("TDRs") by Class (Detail) - Loans Receivable [Member] $ in Thousands | 3 Months Ended | 12 Months Ended |
Mar. 31, 2017USD ($)Contracts | Dec. 31, 2016USD ($)Contracts | |
Financing Receivable, Modifications [Line Items] | ||
Number of Loans | Contracts | 42 | 48 |
Pre-Modification Outstanding Balance | $ 24,524 | $ 27,919 |
Post-Modification Outstanding Balance | $ 22,757 | $ 25,516 |
Commercial Real Estate Non Farm Nonresidential [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Loans | Contracts | 14 | 17 |
Pre-Modification Outstanding Balance | $ 17,017 | $ 21,344 |
Post-Modification Outstanding Balance | $ 16,292 | $ 20,405 |
Commercial Real Estate Construction Land Development Loan [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Loans | Contracts | 2 | 1 |
Pre-Modification Outstanding Balance | $ 618 | $ 560 |
Post-Modification Outstanding Balance | $ 612 | $ 556 |
Agricultural [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Loans | Contracts | 2 | 2 |
Pre-Modification Outstanding Balance | $ 146 | $ 146 |
Post-Modification Outstanding Balance | $ 120 | $ 123 |
Residential 1-4 Family [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Loans | Contracts | 18 | 21 |
Pre-Modification Outstanding Balance | $ 6,110 | $ 5,179 |
Post-Modification Outstanding Balance | $ 5,135 | $ 3,780 |
Residential and Commercial Real Estate [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Loans | Contracts | 37 | 42 |
Pre-Modification Outstanding Balance | $ 24,186 | $ 27,524 |
Post-Modification Outstanding Balance | $ 22,448 | $ 25,154 |
Commercial and Industrial [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Loans | Contracts | 5 | 6 |
Pre-Modification Outstanding Balance | $ 338 | $ 395 |
Post-Modification Outstanding Balance | 309 | 362 |
Rate Modification [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Post-Modification Outstanding Balance | 15,106 | 18,032 |
Rate Modification [Member] | Commercial Real Estate Non Farm Nonresidential [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Post-Modification Outstanding Balance | 10,532 | 14,600 |
Rate Modification [Member] | Commercial Real Estate Construction Land Development Loan [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Post-Modification Outstanding Balance | 556 | 556 |
Rate Modification [Member] | Residential 1-4 Family [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Post-Modification Outstanding Balance | 3,781 | 2,639 |
Rate Modification [Member] | Residential and Commercial Real Estate [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Post-Modification Outstanding Balance | 14,869 | 17,795 |
Rate Modification [Member] | Commercial and Industrial [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Post-Modification Outstanding Balance | 237 | 237 |
Term Modification [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Post-Modification Outstanding Balance | 495 | 545 |
Term Modification [Member] | Commercial Real Estate Non Farm Nonresidential [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Post-Modification Outstanding Balance | 259 | 263 |
Term Modification [Member] | Commercial Real Estate Construction Land Development Loan [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Post-Modification Outstanding Balance | 56 | |
Term Modification [Member] | Agricultural [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Post-Modification Outstanding Balance | 41 | 43 |
Term Modification [Member] | Residential 1-4 Family [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Post-Modification Outstanding Balance | 75 | 124 |
Term Modification [Member] | Residential and Commercial Real Estate [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Post-Modification Outstanding Balance | 431 | 430 |
Term Modification [Member] | Commercial and Industrial [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Post-Modification Outstanding Balance | 64 | 115 |
Rate and Term Modification [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Post-Modification Outstanding Balance | 7,156 | 6,939 |
Rate and Term Modification [Member] | Commercial Real Estate Non Farm Nonresidential [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Post-Modification Outstanding Balance | 5,501 | 5,542 |
Rate and Term Modification [Member] | Agricultural [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Post-Modification Outstanding Balance | 79 | 80 |
Rate and Term Modification [Member] | Residential 1-4 Family [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Post-Modification Outstanding Balance | 1,279 | 1,017 |
Rate and Term Modification [Member] | Residential and Commercial Real Estate [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Post-Modification Outstanding Balance | 7,148 | 6,929 |
Rate and Term Modification [Member] | Commercial and Industrial [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Post-Modification Outstanding Balance | $ 8 | $ 10 |
Multifamily Residential [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Loans | Contracts | 1 | 1 |
Pre-Modification Outstanding Balance | $ 295 | $ 295 |
Post-Modification Outstanding Balance | 289 | 290 |
Multifamily Residential [Member] | Rate and Term Modification [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Post-Modification Outstanding Balance | $ 289 | $ 290 |
Allowance for Loan Losses, Cr66
Allowance for Loan Losses, Credit Quality and Other - Presentation of TDR's on Non-Accrual Status (Detail) $ in Thousands | 3 Months Ended | 12 Months Ended |
Mar. 31, 2017USD ($)Contracts | Dec. 31, 2016USD ($)Contracts | |
Financing Receivable, Modifications [Line Items] | ||
Number of Loans | Contracts | 11 | 17 |
Recorded Balance | $ | $ 1,712 | $ 3,059 |
Commercial Real Estate Non Farm Nonresidential [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Loans | Contracts | 2 | |
Recorded Balance | $ | $ 696 | |
Agricultural [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Loans | Contracts | 2 | 2 |
Recorded Balance | $ | $ 120 | $ 123 |
Residential 1-4 Family [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Loans | Contracts | 9 | 13 |
Recorded Balance | $ | $ 1,592 | $ 2,240 |
Residential and Commercial Real Estate [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Loans | Contracts | 11 | 17 |
Recorded Balance | $ | $ 1,712 | $ 3,059 |
Allowance for Loan Losses, Cr67
Allowance for Loan Losses, Credit Quality and Other - Summary of Total Foreclosed Assets (Detail) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Schedule Of Foreclosed Assets Activity [Line Items] | ||
Total foreclosed assets held for sale | $ 17,315 | $ 15,951 |
Commercial Real Estate Non Farm Nonresidential [Member] | ||
Schedule Of Foreclosed Assets Activity [Line Items] | ||
Total foreclosed assets held for sale | 7,861 | 9,423 |
Commercial Real Estate Construction Land Development Loan [Member] | ||
Schedule Of Foreclosed Assets Activity [Line Items] | ||
Total foreclosed assets held for sale | 4,826 | 4,009 |
Residential 1-4 Family [Member] | ||
Schedule Of Foreclosed Assets Activity [Line Items] | ||
Total foreclosed assets held for sale | 3,123 | 2,076 |
Multifamily Residential [Member] | ||
Schedule Of Foreclosed Assets Activity [Line Items] | ||
Total foreclosed assets held for sale | $ 1,505 | $ 443 |
Allowance for Loan Losses, Cr68
Allowance for Loan Losses, Credit Quality and Other - Summary of Purchased Credit Impaired Loans Acquired (Detail) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | ||
Non-accretable difference (expected losses and foregone interest) | $ 40,000 | $ 35,300 |
Accretable yield | 64,500 | $ 64,900 |
Giant Holdings, Inc. [Member] | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | ||
Contractually required principal and interest at acquisition | 22,379 | |
Non-accretable difference (expected losses and foregone interest) | 4,462 | |
Cash flows expected to be collected at acquisition | 17,917 | |
Cash flows expected to be collected at acquisition | 17,917 | |
Accretable yield | 2,071 | |
Basis in purchased credit impaired loans at acquisition | 15,846 | |
The Bank of Commerce [Member] | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | ||
Contractually required principal and interest at acquisition | 18,586 | |
Non-accretable difference (expected losses and foregone interest) | 2,811 | |
Cash flows expected to be collected at acquisition | 15,775 | |
Cash flows expected to be collected at acquisition | 15,775 | |
Accretable yield | 1,043 | |
Basis in purchased credit impaired loans at acquisition | $ 14,732 |
Allowance for Loan Losses, Cr69
Allowance for Loan Losses, Credit Quality and Other - Changes in Carrying Amount of Accretable Yield for Purchased Credit Impaired Loans Acquired (Detail) $ in Thousands | 3 Months Ended |
Mar. 31, 2017USD ($) | |
Receivables [Abstract] | |
Balance at beginning of period, Accretable Yield | $ 38,212 |
Reforecasted future interest payments for loan pools, Accretable Yield | 1,988 |
Accretion recorded to interest income, Accretable Yield | (4,603) |
Acquisitions of GHI and BOC, Accretable Yield | 3,114 |
Adjustment to yield, Accretable Yield | 286 |
Transfers to foreclosed assets held for sale, Accretable Yield | 0 |
Payments received, net, Accretable Yield | 0 |
Balance at end of period, Accretable Yield | 38,997 |
Balance at beginning of period, Carrying Amount of Loans | 159,564 |
Reforecasted future interest payments for loan pools, Carrying Amount of Loans | 0 |
Accretion recorded to interest income, Carrying Amount of Loans | 4,603 |
Acquisitions of GHI and BOC, Carrying Amount of Loans | 30,578 |
Adjustment to yield, Carrying Amount of Loans | 0 |
Transfers to foreclosed assets held for sale | (278) |
Payments received, net, Carrying Amount of Loans | (31,266) |
Balance at end of period, Carrying Amount of Loans | $ 163,201 |
Goodwill and Core Deposits an70
Goodwill and Core Deposits and Other Intangibles - Summary of Changes in Carrying Amount and Accumulated Amortization of Company's Goodwill and Core Deposits and Other Intangibles (Detail) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | Dec. 31, 2016 | |
Goodwill | |||
Balance, beginning of period | $ 377,983 | $ 377,983 | $ 377,983 |
Acquisitions | 42,958 | ||
Balance, end of period | 420,941 | 377,983 | |
Core Deposit and Other Intangibles | |||
Balance, beginning of period | 18,311 | 21,443 | 21,443 |
Acquisitions | 4,378 | ||
Amortization expense | (804) | (845) | (2,287) |
Balance, end of year | $ 21,885 | $ 20,598 | $ 18,311 |
Goodwill and Core Deposits an71
Goodwill and Core Deposits and Other Intangibles - Summary of Carrying Amount and Accumulated Amortization of Core Deposits and Other Intangibles (Detail) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 | Mar. 31, 2016 | Dec. 31, 2015 |
Goodwill and Intangible Assets Disclosure [Abstract] | ||||
Gross carrying basis | $ 55,756 | $ 51,378 | ||
Accumulated amortization | (33,871) | (33,067) | ||
Net carrying amount | $ 21,885 | $ 18,311 | $ 20,598 | $ 21,443 |
Goodwill and Core Deposits an72
Goodwill and Core Deposits and Other Intangibles - Additional Information (Detail) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | ||
Mar. 31, 2017 | Mar. 31, 2016 | Dec. 31, 2016 | Dec. 31, 2015 | |
Goodwill and Intangible Assets Disclosure [Abstract] | ||||
Core deposit and other intangible amortization | $ 804 | $ 845 | $ 2,287 | |
Amortization expense for year 2017 | 3,300 | |||
Amortization expense for year 2018 | 3,500 | |||
Amortization expense for year 2019 | 3,400 | |||
Amortization expense for year 2020 | 2,800 | |||
Amortization expense for year 2021 | 2,700 | |||
Carrying amount of Company's goodwill | $ 420,941 | $ 377,983 | $ 377,983 |
Other Assets - Additional Infor
Other Assets - Additional Information (Detail) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Other Assets [Abstract] | ||
Other assets | $ 132,503 | $ 129,300 |
Fair value of equity securities | $ 114,300 | $ 112,400 |
Deposits - Additional Informati
Deposits - Additional Information (Detail) - USD ($) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2017 | Mar. 31, 2016 | Dec. 31, 2016 | |
Deposits [Line Items] | |||
Time deposits with a minimum denomination of $100,000 | $ 907,700 | $ 842,900 | |
Time deposits with a minimum denomination of $250,000 | 595,500 | 569,100 | |
Interest expense applicable to certificate | 1,700 | $ 1,400 | |
Brokered deposits | 590,800 | 502,500 | |
Total deposits | 7,567,207 | 6,942,427 | |
State and Political Subdivisions [Member] | |||
Deposits [Line Items] | |||
Total deposits | $ 1,170,000 | $ 1,230,000 |
Securities Sold Under Agreeme75
Securities Sold Under Agreements to Repurchase - Additional Information (Detail) - USD ($) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2017 | Mar. 31, 2016 | Dec. 31, 2016 | |
Securities Sold under Agreements to Repurchase [Abstract] | |||
Securities sold under agreements to repurchase | $ 123,793 | $ 121,290 | |
Securities sold under agreements to repurchase daily weighted average | $ 124,100 | $ 128,900 |
Securities Sold Under Agreeme76
Securities Sold Under Agreements to Repurchase - Summary of Remaining Contractual Maturity of Securities Sold Under Agreements to Repurchase (Detail) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Assets Sold under Agreements to Repurchase [Line Items] | ||
Total borrowings | $ 123,793 | $ 121,290 |
U.S. Government-Sponsored Enterprises [Member] | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Total borrowings | 3,275 | 1,918 |
Mortgage-Backed Securities [Member] | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Total borrowings | 16,631 | 22,691 |
State and Political Subdivisions [Member] | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Total borrowings | 80,401 | 74,559 |
Other Securities [Member] | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Total borrowings | 23,486 | 22,122 |
Overnight and Continuous [Member] | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Total borrowings | 123,793 | 121,290 |
Overnight and Continuous [Member] | U.S. Government-Sponsored Enterprises [Member] | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Total borrowings | 3,275 | 1,918 |
Overnight and Continuous [Member] | Mortgage-Backed Securities [Member] | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Total borrowings | 16,631 | 22,691 |
Overnight and Continuous [Member] | State and Political Subdivisions [Member] | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Total borrowings | 80,401 | 74,559 |
Overnight and Continuous [Member] | Other Securities [Member] | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Total borrowings | $ 23,486 | $ 22,122 |
FHLB Borrowed Funds - Additiona
FHLB Borrowed Funds - Additional Information (Detail) - USD ($) $ in Millions | Mar. 31, 2017 | Dec. 31, 2016 |
Borrowed Funds [Line Items] | ||
FHLB borrowed funds | $ 1,460 | $ 1,310 |
Short-term advances | 290 | 40 |
Long-term advances | $ 1,170 | 1,270 |
Maturity of FHLB advances | 2,025 | |
Line of credit | $ 521.3 | $ 516.2 |
Maturities of Borrowings, remainder of 2017 | 680.9 | |
Maturities of Borrowings, 2018 | 459.2 | |
Maturities of Borrowings, 2019 | 143.1 | |
Maturities of Borrowings, 2020 | 146.4 | |
Maturities of Borrowings, 2021 | 0 | |
Maturities of Borrowings, after 2021 | $ 25.4 | |
Minimum [Member] | ||
Borrowed Funds [Line Items] | ||
FHLB interest rate | 0.58% | |
Maximum [Member] | ||
Borrowed Funds [Line Items] | ||
FHLB interest rate | 5.96% |
Other Borrowings - Additional I
Other Borrowings - Additional Information (Detail) - USD ($) | Mar. 31, 2017 | Dec. 31, 2016 |
Line of Credit Facility [Line Items] | ||
Balance of line of credit | $ 521,300,000 | $ 516,200,000 |
Other borrowings | 0 | |
Line of Credit [Member] | ||
Line of Credit Facility [Line Items] | ||
Credit facility, maximum borrowing capacity | 20,000,000 | |
Balance of line of credit | $ 0 | $ 0 |
Subordinated Debentures - Prefe
Subordinated Debentures - Preferred Trust Securities and Subordinated Debentures (Detail) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Debt Instrument [Line Items] | ||
Subordinated debentures, issued | $ 60,735 | $ 60,826 |
Subordinated Debt [Member] | ||
Debt Instrument [Line Items] | ||
Subordinated debentures, issued | 60,735 | 60,826 |
Due 2036, fixed rate of 6.75% during the first five years and at a floating rate of 1.85% [Member] | Subordinated Debt [Member] | ||
Debt Instrument [Line Items] | ||
Subordinated debentures, issued | 3,093 | 3,093 |
Due 2034, fixed rate of 6.00% during the first five years and at a floating rate of 2.00% [Member] | Subordinated Debt [Member] | ||
Debt Instrument [Line Items] | ||
Subordinated debentures, issued | 15,464 | 15,464 |
Due 2035, fixed rate of 5.84% during the first five years and at a floating rate of 1.45% [Member] | Subordinated Debt [Member] | ||
Debt Instrument [Line Items] | ||
Subordinated debentures, issued | 25,774 | 25,774 |
Due 2034, fixed rate of 4.29% during the first five years and at a floating rate of 2.50% [Member] | Subordinated Debt [Member] | ||
Debt Instrument [Line Items] | ||
Subordinated debentures, issued | $ 16,495 | $ 16,495 |
Subordinated Debentures - Pre80
Subordinated Debentures - Preferred Trust Securities and Subordinated Debentures (Parenthetical) (Detail) - Subordinated Debt [Member] | 3 Months Ended |
Mar. 31, 2017 | |
Due 2036, fixed rate of 6.75% during the first five years and at a floating rate of 1.85% [Member] | |
Debt Instrument [Line Items] | |
Subordinated debentures, issued date | Dec. 31, 2006 |
Subordinated debentures, due date | Dec. 31, 2036 |
Fixed rate for first five years | 6.75% |
Due 2036, fixed rate of 6.75% during the first five years and at a floating rate of 1.85% [Member] | LIBOR [Member] | |
Debt Instrument [Line Items] | |
Floating rate above three-month LIBOR rate | 1.85% |
Due 2034, fixed rate of 6.00% during the first five years and at a floating rate of 2.00% [Member] | |
Debt Instrument [Line Items] | |
Subordinated debentures, issued date | Dec. 31, 2004 |
Subordinated debentures, due date | Dec. 31, 2034 |
Fixed rate for first five years | 6.00% |
Due 2034, fixed rate of 6.00% during the first five years and at a floating rate of 2.00% [Member] | LIBOR [Member] | |
Debt Instrument [Line Items] | |
Floating rate above three-month LIBOR rate | 2.00% |
Due 2035, fixed rate of 5.84% during the first five years and at a floating rate of 1.45% [Member] | |
Debt Instrument [Line Items] | |
Subordinated debentures, issued date | Dec. 31, 2005 |
Subordinated debentures, due date | Dec. 31, 2035 |
Fixed rate for first five years | 5.84% |
Due 2035, fixed rate of 5.84% during the first five years and at a floating rate of 1.45% [Member] | LIBOR [Member] | |
Debt Instrument [Line Items] | |
Floating rate above three-month LIBOR rate | 1.45% |
Due 2034, fixed rate of 4.29% during the first five years and at a floating rate of 2.50% [Member] | |
Debt Instrument [Line Items] | |
Subordinated debentures, issued date | Dec. 31, 2004 |
Subordinated debentures, due date | Dec. 31, 2034 |
Fixed rate for first five years | 4.29% |
Due 2034, fixed rate of 4.29% during the first five years and at a floating rate of 2.50% [Member] | LIBOR [Member] | |
Debt Instrument [Line Items] | |
Floating rate above three-month LIBOR rate | 2.50% |
Subordinated Debentures - Addit
Subordinated Debentures - Additional Information (Detail) $ in Millions | Mar. 31, 2017USD ($) |
Trust Preferred Securities [Member] | |
Debt Instrument [Line Items] | |
Company currently holds of trust preferred securities | $ 60.8 |
Income Taxes - Summary of Compo
Income Taxes - Summary of Components of Provision (Benefit) for Income Taxes (Detail) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Current: | ||
Federal | $ 19,392 | $ 20,205 |
State | 3,852 | 4,013 |
Total current | 23,244 | 24,218 |
Deferred: | ||
Federal | 1,777 | 437 |
State | 353 | 87 |
Total deferred | 2,130 | 524 |
Income tax expense | $ 25,374 | $ 24,742 |
Income Taxes - Reconciliation b
Income Taxes - Reconciliation between Statutory Federal Income Tax Rate and Effective Income Tax Rate (Detail) | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Effective Income Tax Rate Reconciliation, Percent [Abstract] | ||
Statutory federal income tax rate | 35.00% | 35.00% |
Effect of non-taxable interest income | (1.51%) | (1.62%) |
Effect of gain on acquisitions | (1.84%) | |
Stock compensation | (1.09%) | |
State income taxes, net of federal benefit | 3.93% | 4.07% |
Other | 0.64% | (0.06%) |
Effective income tax rate | 35.13% | 37.39% |
Income Taxes - Differences Betw
Income Taxes - Differences Between Tax Basis of Assets and Liabilities (Detail) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Deferred tax assets: | ||
Allowance for loan losses | $ 32,284 | $ 31,381 |
Deferred compensation | 1,894 | 3,925 |
Stock compensation | 2,671 | 669 |
Real estate owned | 2,538 | 2,296 |
Loan discounts | 13,728 | 9,157 |
Tax basis premium/discount on acquisitions | 14,270 | 14,757 |
Investments | 2,187 | 1,957 |
Other | 10,023 | 8,361 |
Gross deferred tax assets | 79,595 | 72,503 |
Deferred tax liabilities: | ||
Accelerated depreciation on premises and equipment | 1,644 | 2,154 |
Unrealized gain on securities available-for-sale | 653 | 258 |
Core deposit intangibles | 6,327 | 4,950 |
FHLB dividends | 1,926 | 1,926 |
Other | 1,982 | 1,917 |
Gross deferred tax liabilities | 12,532 | 11,205 |
Net deferred tax assets | $ 67,063 | $ 61,298 |
Common Stock, Compensation Pl85
Common Stock, Compensation Plans and Other - Additional Information (Detail) | Apr. 21, 2016$ / sharesshares | Mar. 31, 2017USD ($)shares | Mar. 31, 2016USD ($)shares | Dec. 31, 2016$ / sharesshares |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Common stock, shares authorized | 200,000,000 | 200,000,000 | 100,000,000 | 200,000,000 |
Preferred stock, shares authorized | 5,500,000 | |||
Preferred stock, par value | $ / shares | $ 0.01 | |||
Percentage of stock dividend from stock split | 100.00% | |||
Stock split conversion ratio | 2 | 2 | ||
Description of stock split arrangement | Board of Directors declared a two-for-one stock split to be paid in the form of a 100% stock dividend on June 8, 2016 | All per share amounts have been restated to reflect the effect of the 2-for-1 stock split during June 2016. | ||
Stock dividend, date declared | Apr. 21, 2016 | |||
Stock dividend, date of record | May 18, 2016 | |||
Remaining shares of common stock available for future grants | 2,490,000 | |||
Shares of common stock reserved for issuance | 4,778,000 | |||
Number of additional shares associated to increase in shares authorized | 2,000,000 | |||
Intrinsic value of stock options outstanding | $ | $ 26,100,000 | |||
Intrinsic value of stock options vested | $ | 12,600,000 | |||
Share-based compensation expenses related to non-vested awards | $ | $ 559,000 | |||
Unrecognized compensation cost net of income tax benefit, related to non-vested stock option awards | $ | $ 5,900,000 | |||
Weighted average fair value of options granted (split adjusted) | $ / shares | $ 5.08 | |||
Options granted | 0 | 140,000 | ||
Restricted Shares [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Unrecognized compensation cost net of income tax benefit, related to non-vested stock option awards | $ | $ 14,500,000 | |||
2006 Stock Option and Performance Incentive Plan [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Maximum number of shares available for grants under the plan | 11,288,000 |
Common Stock, Compensation Pl86
Common Stock, Compensation Plans and Other - Summary of Stock Option Transactions under Incentive Plan (Split Adjusted) (Detail) - $ / shares | 3 Months Ended | 12 Months Ended |
Mar. 31, 2017 | Dec. 31, 2016 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ||
Outstanding Shares, beginning of year | 2,397,000 | 2,794,000 |
Granted Shares | 0 | 140,000 |
Forfeited/Expired Shares | (14,000) | |
Exercised Shares | (109,000) | (523,000) |
Outstanding Shares, end of period | 2,288,000 | 2,397,000 |
Exercisable Shares, end of period | 829,000 | 639,000 |
Outstanding Weighted Average Exercisable Price, beginning of year | $ 15.19 | $ 12.71 |
Weighted Average Exercisable Price, Granted | 21.25 | |
Weighted Average Exercisable Price, Forfeited/Expired | 17.28 | |
Weighted Average Exercisable Price, Exercised | 5.46 | 3.50 |
Outstanding, end of period | 15.65 | 15.19 |
Exercisable, end of period | $ 11.90 | $ 8.88 |
Common Stock, Compensation Pl87
Common Stock, Compensation Plans and Other - Summary of Stock Options on Valuation Assumptions (Detail) | 3 Months Ended | 12 Months Ended |
Mar. 31, 2017 | Dec. 31, 2016 | |
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract] | ||
Expected dividend yield | 1.65% | |
Expected stock price volatility | 26.66% | |
Risk-free interest rate | 1.65% | |
Expected life of options | 0 years | 6 years 6 months |
Common Stock, Compensation Pl88
Common Stock, Compensation Plans and Other - Summary of Currently Outstanding and Exercisable Options (Split Adjusted) (Detail) | 3 Months Ended |
Mar. 31, 2017$ / sharesshares | |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | |
Options Outstanding Shares | shares | 2,288,000 |
Options Exercisable Shares | shares | 829,000 |
Exercise Prices Range $2.10 to $2.66 [Member] | |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | |
Exercise Prices, Lower Range Limit | $ 2.10 |
Exercise Prices, Upper Range Limit | $ 2.66 |
Options Outstanding Shares | shares | 22,000 |
Options Exercisable Shares | shares | 22,000 |
Options Outstanding Weighted- Average Remaining Contractual Life (in years) | 1 year 9 months 11 days |
Options outstanding Weighted- Average Exercise Price | $ 2.51 |
Options Exercisable Weighted- Average Exercise Price | 2.51 |
Exercise Prices Range $4.27 to $4.62 [Member] | |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | |
Exercise Prices, Lower Range Limit | 4.27 |
Exercise Prices, Upper Range Limit | $ 4.62 |
Options Outstanding Shares | shares | 97,000 |
Options Exercisable Shares | shares | 97,000 |
Options Outstanding Weighted- Average Remaining Contractual Life (in years) | 9 months 11 days |
Options outstanding Weighted- Average Exercise Price | $ 4.28 |
Options Exercisable Weighted- Average Exercise Price | 4.28 |
Exercise Prices Range $5.08 to $6.56 [Member] | |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | |
Exercise Prices, Lower Range Limit | 5.08 |
Exercise Prices, Upper Range Limit | $ 6.56 |
Options Outstanding Shares | shares | 138,000 |
Options Exercisable Shares | shares | 138,000 |
Options Outstanding Weighted- Average Remaining Contractual Life (in years) | 4 years 5 months 9 days |
Options outstanding Weighted- Average Exercise Price | $ 6.46 |
Options Exercisable Weighted- Average Exercise Price | 6.46 |
Exercise Prices Range $8.62 to $9.54 [Member] | |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | |
Exercise Prices, Lower Range Limit | 8.62 |
Exercise Prices, Upper Range Limit | $ 9.54 |
Options Outstanding Shares | shares | 284,000 |
Options Exercisable Shares | shares | 192,000 |
Options Outstanding Weighted- Average Remaining Contractual Life (in years) | 5 years 11 months 5 days |
Options outstanding Weighted- Average Exercise Price | $ 9.09 |
Options Exercisable Weighted- Average Exercise Price | 9 |
Exercise Prices Range $14.71 to $16.86 [Member] | |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | |
Exercise Prices, Lower Range Limit | 14.71 |
Exercise Prices, Upper Range Limit | $ 16.86 |
Options Outstanding Shares | shares | 262,000 |
Options Exercisable Shares | shares | 100,000 |
Options Outstanding Weighted- Average Remaining Contractual Life (in years) | 7 years 6 months 4 days |
Options outstanding Weighted- Average Exercise Price | $ 16 |
Options Exercisable Weighted- Average Exercise Price | 15.96 |
Exercise Prices Range $17.12 to $17.40 [Member] | |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | |
Exercise Prices, Lower Range Limit | 17.12 |
Exercise Prices, Upper Range Limit | $ 17.40 |
Options Outstanding Shares | shares | 215,000 |
Options Exercisable Shares | shares | 62,000 |
Options Outstanding Weighted- Average Remaining Contractual Life (in years) | 7 years 8 months 5 days |
Options outstanding Weighted- Average Exercise Price | $ 17.19 |
Options Exercisable Weighted- Average Exercise Price | 17.26 |
Exercise Prices Range $18.46 to $18.46 [Member] | |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | |
Exercise Prices, Lower Range Limit | 18.46 |
Exercise Prices, Upper Range Limit | $ 18.46 |
Options Outstanding Shares | shares | 1,050,000 |
Options Exercisable Shares | shares | 184,000 |
Options Outstanding Weighted- Average Remaining Contractual Life (in years) | 8 years 4 months 24 days |
Options outstanding Weighted- Average Exercise Price | $ 18.46 |
Options Exercisable Weighted- Average Exercise Price | 18.46 |
Exercise Prices Range $20.16 to $20.58 [Member] | |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | |
Exercise Prices, Lower Range Limit | 20.16 |
Exercise Prices, Upper Range Limit | $ 20.58 |
Options Outstanding Shares | shares | 80,000 |
Options Exercisable Shares | shares | 14,000 |
Options Outstanding Weighted- Average Remaining Contractual Life (in years) | 8 years 6 months 7 days |
Options outstanding Weighted- Average Exercise Price | $ 20.37 |
Options Exercisable Weighted- Average Exercise Price | 20.34 |
Exercise Prices Range $21.25 to $21.25 [Member] | |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | |
Exercise Prices, Lower Range Limit | 21.25 |
Exercise Prices, Upper Range Limit | $ 21.25 |
Options Outstanding Shares | shares | 140,000 |
Options Exercisable Shares | shares | 20,000 |
Options Outstanding Weighted- Average Remaining Contractual Life (in years) | 9 years 22 days |
Options outstanding Weighted- Average Exercise Price | $ 21.25 |
Options Exercisable Weighted- Average Exercise Price | $ 21.25 |
Common Stock, Compensation Pl89
Common Stock, Compensation Plans and Other - Summary of Company's Restricted Stock Issued and Outstanding (Split Adjusted) (Detail) - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 12 Months Ended |
Mar. 31, 2017 | Dec. 31, 2016 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ||
Beginning of year | 958 | 975 |
Issued | 141 | 244 |
Vested | (43) | (256) |
Forfeited | (5) | |
End of period | 1,056 | 958 |
Amount of expense for three months and twelve months ended, respectively | $ 1,303 | $ 4,049 |
Non-Interest Expense - Componen
Non-Interest Expense - Components of Non-Interest Expense (Detail) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | Dec. 31, 2016 | |
Noninterest Expense [Abstract] | |||
Salaries and employee benefits | $ 27,421 | $ 23,958 | |
Occupancy and equipment | 6,681 | 6,671 | |
Data processing expense | 2,723 | 2,664 | |
Other operating expenses: | |||
Advertising | 698 | 823 | |
Merger and acquisition expenses | 6,727 | ||
Amortization of intangibles | 804 | 845 | $ 2,287 |
Electronic banking expense | 1,519 | 1,456 | |
Directors' fees | 313 | 275 | |
Due from bank service charges | 420 | 305 | |
FDIC and state assessment | 1,288 | 1,446 | |
Insurance | 578 | 533 | |
Legal and accounting | 627 | 523 | |
Other professional fees | 1,153 | 925 | |
Operating supplies | 467 | 436 | |
Postage | 286 | 286 | |
Telephone | 324 | 487 | |
Other expense | 3,112 | 4,015 | |
Total other operating expenses | 18,316 | 12,355 | |
Total non-interest expense | $ 55,141 | $ 45,648 |
Significant Estimates and Con91
Significant Estimates and Concentrations of Credit Risks - Additional Information (Detail) | 3 Months Ended | 12 Months Ended |
Mar. 31, 2017 | Dec. 31, 2016 | |
Loans Receivable [Member] | Geographic Concentration [Member] | South Alabama, Arkansas, Florida and New York City [Member] | ||
Commitment And Contingencies [Line Items] | ||
Concentration percentage | 85.90% | |
Loans Receivable [Member] | Commercial Real Estate [Member] | Credit Concentration [Member] | ||
Commitment And Contingencies [Line Items] | ||
Concentration percentage | 60.60% | 59.10% |
Loans Receivable [Member] | Residential Real Estate [Member] | Credit Concentration [Member] | ||
Commitment And Contingencies [Line Items] | ||
Concentration percentage | 24.20% | 23.00% |
Total Stockholders' Equity [Member] | Commercial Real Estate [Member] | Credit Concentration [Member] | ||
Commitment And Contingencies [Line Items] | ||
Concentration percentage | 330.20% | 328.90% |
Total Stockholders' Equity [Member] | Residential Real Estate [Member] | Credit Concentration [Member] | ||
Commitment And Contingencies [Line Items] | ||
Concentration percentage | 131.70% | 127.80% |
Residential Real Estate Loans [Member] | Geographic Concentration [Member] | South Alabama, Arkansas, Florida and New York City [Member] | ||
Commitment And Contingencies [Line Items] | ||
Concentration percentage | 86.50% |
Commitments and Contingencies -
Commitments and Contingencies - Additional Information (Detail) - USD ($) | Mar. 31, 2017 | Dec. 31, 2016 |
Commitments and Contingencies Disclosure [Abstract] | ||
Commitments to extend credit outstanding | $ 1,960,000,000 | $ 1,820,000,000 |
Maximum amount of future payments by the company | $ 43,600,000 | $ 41,100,000 |
Regulatory Matters - Additional
Regulatory Matters - Additional Information (Detail) $ in Millions | 3 Months Ended |
Mar. 31, 2017USD ($) | |
Regulatory Matters [Line Items] | |
Percentage of retained earnings plus current year earnings to be paid as maximum dividend | 75.00% |
Requested dividend by the company from its subsidiary | $ 12.6 |
Dividend equal to percentage of banking subsidiary's earnings | 26.00% |
Criteria 2 [Member] | Basel III [Member] | |
Regulatory Matters [Line Items] | |
Common equity Tier 1 risk-based capital ratio | 6.50% |
Tier 1 leverage capital ratio | 5.00% |
Tier 1 risk-based capital ratio | 8.00% |
Total risk-based capital ratio | 10.00% |
Common equity Tier 1 risk-based capital ratio | 11.39% |
Tier 1 leverage capital ratio | 10.88% |
Tier 1 risk-based capital ratio | 12.06% |
Risk-based capital ratio | 12.98% |
Additional Cash Flow Informat94
Additional Cash Flow Information - Additional Information (Detail) - USD ($) $ in Thousands | Feb. 28, 2017 | Feb. 23, 2017 |
Giant Holdings, Inc. [Member] | ||
Supplemental Cash Flow Information [Line Items] | ||
Business combination, common stock issued, shares | 2,738,038 | |
Business combination, common stock issued, value | $ 77,500 | |
Business combination consideration paid in cash | 18,500 | |
Business combination, recognized identifiable assets acquired, Total Assets | 398,100 | |
Business combination, recognized identifiable assets acquired, cash and cash equivalents | 41,019 | |
Assets acquired and liabilities assumed net | 345,043 | |
Cash paid for acquisition | $ 96,015 | |
The Bank of Commerce [Member] | ||
Supplemental Cash Flow Information [Line Items] | ||
Business combination, recognized identifiable assets acquired, Total Assets | $ 178,093 | |
Business combination, recognized identifiable assets acquired, cash and cash equivalents | 4,610 | |
Assets acquired and liabilities assumed net | 170,111 | |
Equity issued | 0 | |
Cash paid for acquisition | 4,175 | |
Bargain purchase gain | $ 3,807 |
Additional Cash Flow Informat95
Additional Cash Flow Information - Summary of Additional Cash Flow Information (Detail) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Additional Cash Flow Elements and Supplemental Cash Flow Information [Abstract] | ||
Interest paid | $ 2,209 | $ 7,140 |
Income taxes paid | 1,010 | |
Assets acquired by foreclosure | $ 2,041 | $ 4,219 |
Financial Instruments - Additio
Financial Instruments - Additional Information (Detail) - USD ($) | 3 Months Ended | 12 Months Ended |
Mar. 31, 2017 | Dec. 31, 2016 | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Carrying value of foreclosed assets held for sale | $ 2,100,000 | |
Write-down foreclosed assets | 812,000 | |
Fair Value, Level 3 Inputs [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Material transfers between hierarchy levels | 0 | $ 0 |
Fair value of loans with specific allocated losses | 86,900,000 | 91,500,000 |
Accrued interest receivable reversed | 165,000 | 68,000 |
Fair value of foreclosed assets held for sale | $ 17,300,000 | $ 16,000,000 |
Minimum [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Percentage of Collateral discount | 20.00% | |
Maximum [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Percentage of Collateral discount | 50.00% |
Financial Instruments - Estimat
Financial Instruments - Estimated Fair Values of Financial Instruments (Detail) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Investment securities - held-to-maturity | $ 276,599 | $ 284,176 |
Carrying Amount [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Federal funds purchased | 0 | |
Carrying Amount [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Cash and cash equivalents | 417,089 | 216,649 |
Federal funds sold | 1,700 | 1,550 |
Accrued interest receivable | 32,413 | 30,838 |
Demand and non-interest bearing | 1,862,996 | 1,695,184 |
Savings and interest-bearing transaction accounts | 4,274,194 | 3,963,241 |
Securities sold under agreements to repurchase | 123,793 | 121,290 |
Accrued interest payable | 2,209 | 1,920 |
Carrying Amount [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Investment securities - held-to-maturity | 276,599 | 284,176 |
FHLB and other borrowed funds | 1,455,040 | 1,305,198 |
Carrying Amount [Member] | Fair Value, Level 3 Inputs [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Loans receivable, net of impaired loans and allowance | 7,682,422 | 7,216,199 |
Time deposits | 1,430,017 | 1,284,002 |
Subordinated debentures | 60,735 | 60,826 |
Fair Value [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Federal funds purchased | 0 | |
Fair Value [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Cash and cash equivalents | 417,089 | 216,649 |
Federal funds sold | 1,700 | 1,550 |
Accrued interest receivable | 32,413 | 30,838 |
Demand and non-interest bearing | 1,862,996 | 1,695,184 |
Savings and interest-bearing transaction accounts | 4,274,194 | 3,963,241 |
Securities sold under agreements to repurchase | 123,793 | 121,290 |
Accrued interest payable | 2,209 | 1,920 |
Fair Value [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Investment securities - held-to-maturity | 279,806 | 287,038 |
FHLB and other borrowed funds | 1,456,258 | 1,311,280 |
Fair Value [Member] | Fair Value, Level 3 Inputs [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Loans receivable, net of impaired loans and allowance | 7,553,996 | 7,131,199 |
Time deposits | 1,424,517 | 1,275,634 |
Subordinated debentures | $ 60,735 | $ 60,826 |
Subsequent Events - Additional
Subsequent Events - Additional Information (Detail) - 5.625% Fixed-to-Floating Rate Subordinated Notes due 2027 [Member] - USD ($) $ in Millions | Apr. 03, 2017 | Mar. 31, 2017 |
Subsequent Event [Line Items] | ||
Subordinated debt issuance date | Apr. 3, 2017 | |
Notes issued, Interest rate terms | From and including the date of issuance to, but excluding April 15, 2022, the Notes will bear interest at an initial rate of 5.625% per annum. From and including April 15, 2022 to, but excluding the maturity date or earlier redemption, the Notes will bear interest at a floating rate equal to three-month LIBOR as calculated on each applicable date of determination plus 3.575%; provided, however, that in the event three-month LIBOR is less than zero, then three-month LIBOR shall be deemed to be zero. | |
Subsequent Event [Member] | ||
Subsequent Event [Line Items] | ||
Aggregate principal amount of notes issued | $ 300 | |
Subordinated notes, Interest rate | 5.625% | |
Net proceeds from subordinated debt issuance, after underwriting discounts | $ 297.2 | |
Notes issued percentage of par | 99.997% | |
Subordinated notes, Maturity date | Apr. 15, 2027 | |
LIBOR [Member] | Subsequent Event [Member] | ||
Subsequent Event [Line Items] | ||
LIBOR plus rate, Percentage | 3.575% |