Document and Entity Information
Document and Entity Information - shares | 9 Months Ended | |
Sep. 30, 2018 | Nov. 02, 2018 | |
Document And Entity Information [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Sep. 30, 2018 | |
Document Fiscal Year Focus | 2,018 | |
Document Fiscal Period Focus | Q3 | |
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 Small Business | false | |
Entity Emerging Growth Company | false | |
Entity Common Stock, Shares Outstanding | 172,932,360 |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Assets | ||
Cash and due from banks | $ 208,681 | $ 166,915 |
Interest-bearing deposits with other banks | 323,376 | 469,018 |
Cash and cash equivalents | 532,057 | 635,933 |
Federal funds sold | 500 | 24,109 |
Investment securities - available-for-sale | 1,744,430 | 1,663,517 |
Investment securities - held-to-maturity | 199,266 | 224,756 |
Loans receivable | 10,832,815 | 10,331,188 |
Allowance for loan losses | (110,191) | (110,266) |
Loans receivable, net | 10,722,624 | 10,220,922 |
Bank premises and equipment, net | 233,652 | 237,439 |
Foreclosed assets held for sale | 13,507 | 18,867 |
Cash value of life insurance | 148,014 | 146,866 |
Accrued interest receivable | 48,909 | 45,708 |
Deferred tax asset, net | 79,548 | 76,564 |
Goodwill | 958,408 | 927,949 |
Core deposit and other intangibles | 44,484 | 49,351 |
Other assets | 187,339 | 177,779 |
Total assets | 14,912,738 | 14,449,760 |
Deposits: | ||
Demand and non-interest-bearing | 2,482,857 | 2,385,252 |
Savings and interest-bearing transaction accounts | 6,420,951 | 6,476,819 |
Time deposits | 1,720,930 | 1,526,431 |
Total deposits | 10,624,738 | 10,388,502 |
Securities sold under agreements to repurchase | 142,146 | 147,789 |
FHLB and other borrowed funds | 1,363,851 | 1,299,188 |
Accrued interest payable and other liabilities | 72,381 | 41,959 |
Subordinated debentures | 368,596 | 368,031 |
Total liabilities | 12,571,712 | 12,245,469 |
Stockholders' equity: | ||
Common stock, par value $0.01; shares authorized 200,000,000 in 2018 and 2017; shares issued and outstanding 174,134,811 in 2018 and 173,632,983 in 2017 | 1,741 | 1,736 |
Capital surplus | 1,668,106 | 1,675,318 |
Retained earnings | 701,900 | 530,658 |
Accumulated other comprehensive loss | (30,721) | (3,421) |
Total stockholders' equity | 2,341,026 | 2,204,291 |
Total liabilities and stockholders' equity | $ 14,912,738 | $ 14,449,760 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parenthetical) - $ / shares | Sep. 30, 2018 | Dec. 31, 2017 |
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 | 174,134,811 | 173,632,983 |
Common stock, shares outstanding | 174,134,811 | 173,632,983 |
Consolidated Statements of Inco
Consolidated Statements of Income - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Interest income: | ||||
Loans | $ 166,334 | $ 113,269 | $ 467,395 | $ 331,763 |
Investment securities | ||||
Taxable | 9,011 | 7,071 | 26,960 | 18,983 |
Tax-exempt | 3,427 | 3,032 | 9,801 | 8,942 |
Deposits - other banks | 1,273 | 538 | 3,408 | 1,573 |
Federal funds sold | 6 | 3 | 24 | 9 |
Total interest income | 180,051 | 123,913 | 507,588 | 361,270 |
Interest expense: | ||||
Interest on deposits | 21,412 | 8,535 | 54,382 | 20,831 |
Federal funds purchased | 1 | |||
FHLB and other borrowed funds | 7,055 | 3,408 | 15,880 | 10,707 |
Securities sold under agreements to repurchase | 472 | 232 | 1,220 | 593 |
Subordinated debentures | 5,202 | 4,969 | 15,374 | 10,203 |
Total interest expense | 34,141 | 17,144 | 86,857 | 42,334 |
Net interest income | 145,910 | 106,769 | 420,731 | 318,936 |
Provision for loan losses | 35,023 | 4,322 | 39,324 | |
Net interest income after provision for loan losses | 145,910 | 71,746 | 416,409 | 279,612 |
Non-interest income: | ||||
Trust fees | 437 | 365 | 1,262 | 1,130 |
Mortgage lending income | 3,691 | 3,172 | 9,825 | 9,713 |
Insurance commissions | 463 | 472 | 1,668 | 1,482 |
Increase in cash value of life insurance | 735 | 478 | 2,119 | 1,251 |
Dividends from FHLB, FRB, FNBB & other | 1,288 | 834 | 3,765 | 2,455 |
Gain on acquisitions | 3,807 | |||
Gain on sale of SBA loans | 47 | 163 | 491 | 738 |
Gain (loss) on sale of branches, equipment and other assets, net | (102) | (1,337) | (95) | (962) |
Gain (loss) on OREO, net | 836 | 335 | 2,287 | 849 |
Gain (loss) on securities, net | 136 | 939 | ||
Other income | 2,419 | 1,941 | 9,163 | 6,603 |
Total non-interest income | 25,847 | 21,457 | 79,325 | 72,344 |
Non-interest expense: | ||||
Salaries and employee benefits | 37,825 | 28,510 | 107,315 | 83,965 |
Occupancy and equipment | 8,148 | 7,887 | 25,650 | 21,602 |
Data processing expense | 3,461 | 2,853 | 10,786 | 8,439 |
Other operating expenses | 16,689 | 31,596 | 48,980 | 62,984 |
Total non-interest expense | 66,123 | 70,846 | 192,731 | 176,990 |
Income before income taxes | 105,634 | 22,357 | 303,003 | 174,966 |
Income tax expense | 25,350 | 7,536 | 73,630 | 63,192 |
Net income | $ 80,284 | $ 14,821 | $ 229,373 | $ 111,774 |
Basic earnings per share | $ 0.46 | $ 0.10 | $ 1.32 | $ 0.78 |
Diluted earnings per share | $ 0.46 | $ 0.10 | $ 1.32 | $ 0.78 |
Service Charges on Deposit Accounts [Member] | ||||
Non-interest income: | ||||
Service charges | $ 6,992 | $ 6,408 | $ 19,847 | $ 18,356 |
Other Service Charges and Fees [Member] | ||||
Non-interest income: | ||||
Service charges | $ 9,041 | $ 8,490 | $ 28,993 | $ 25,983 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Statement of Comprehensive Income [Abstract] | ||||
Net income | $ 80,284 | $ 14,821 | $ 229,373 | $ 111,774 |
Net unrealized gain (loss) on available-for-sale securities | (6,979) | (4,065) | (35,957) | 6,681 |
Less: reclassification adjustment for realized (gains) losses included in income | (136) | (939) | ||
Other comprehensive (loss) income, before tax effect | (6,979) | (4,201) | (35,957) | 5,742 |
Tax effect on other comprehensive income | 2,867 | 1,648 | 9,647 | (2,253) |
Other comprehensive income (loss) | (4,112) | (2,553) | (26,310) | 3,489 |
Comprehensive income | $ 76,172 | $ 12,268 | $ 203,063 | $ 115,263 |
Consolidated Statements of Stoc
Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands | Total | Giant Holdings, Inc. [Member] | Stonegate Bank [Member] | Shore Premier Finance [Member] | Common Stock [Member] | Common Stock [Member]Giant Holdings, Inc. [Member] | Common Stock [Member]Stonegate Bank [Member] | Common Stock [Member]Shore Premier Finance [Member] | Capital Surplus [Member] | Capital Surplus [Member]Giant Holdings, Inc. [Member] | Capital Surplus [Member]Stonegate Bank [Member] | Capital Surplus [Member]Shore Premier Finance [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | |
Beginning Balance at Dec. 31, 2016 | $ 1,327,490 | $ 1,405 | $ 869,737 | $ 455,948 | $ 400 | ||||||||||
Comprehensive income: | |||||||||||||||
Net income | 111,774 | 111,774 | |||||||||||||
Other comprehensive income (loss) | 3,489 | 3,489 | |||||||||||||
Net issuance of shares of common stock from exercise of stock options | 849 | 2 | 847 | ||||||||||||
Issuance of common stock | $ 77,317 | $ 741,633 | $ 27 | $ 309 | $ 77,290 | $ 741,324 | |||||||||
Repurchase of shares of common stock | (19,538) | (8) | (19,530) | ||||||||||||
Share-based compensation net issuance of shares of restricted common stock | 4,976 | 2 | 4,974 | ||||||||||||
Cash dividends - Common Stock | (41,274) | (41,274) | |||||||||||||
Ending balance at Sep. 30, 2017 | 2,206,716 | 1,737 | 1,674,642 | 526,448 | 3,889 | ||||||||||
Beginning Balance at Dec. 31, 2016 | 1,327,490 | 1,405 | 869,737 | 455,948 | 400 | ||||||||||
Comprehensive income: | |||||||||||||||
Net income | 23,309 | 23,309 | |||||||||||||
Other comprehensive income (loss) | (7,310) | (7,310) | |||||||||||||
Net issuance of shares of common stock from exercise of stock options | 233 | 233 | |||||||||||||
Repurchase of shares of common stock | (1,287) | (1) | (1,286) | ||||||||||||
Share-based compensation net issuance of shares of restricted common stock | 1,729 | 1,729 | |||||||||||||
Cash dividends - Common Stock | (19,099) | (19,099) | |||||||||||||
Ending balance at Dec. 31, 2017 | 2,204,291 | 1,736 | 1,675,318 | 530,658 | (3,421) | ||||||||||
Comprehensive income: | |||||||||||||||
Net income | 229,373 | 229,373 | |||||||||||||
Other comprehensive income (loss) | (26,310) | (26,310) | |||||||||||||
Net issuance of shares of common stock from exercise of stock options | 1,257 | 2 | 1,255 | ||||||||||||
Issuance of common stock | $ 28,201 | $ 13 | $ 28,188 | ||||||||||||
Impact of adoption of new accounting standards | [1] | 990 | (990) | ||||||||||||
Repurchase of shares of common stock | (43,170) | (19) | (43,151) | ||||||||||||
Share-based compensation net issuance of shares of restricted common stock | 6,505 | 9 | 6,496 | ||||||||||||
Cash dividends - Common Stock | (59,121) | (59,121) | |||||||||||||
Ending balance at Sep. 30, 2018 | $ 2,341,026 | $ 1,741 | $ 1,668,106 | $ 701,900 | $ (30,721) | ||||||||||
[1] | Represents the impact of adopting Accounting Standard Update ("ASU") 2016-01. See Note 1 to the consolidated financial statements for more information. |
Consolidated Statements of St_2
Consolidated Statements of Stockholders' Equity (Parenthetical) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended | |
Sep. 30, 2018 | Sep. 30, 2017 | Dec. 31, 2017 | |
Net issuance of shares of common stock from exercise of stock options | 176,821 | 160,237 | 24,879 |
Net issuance cost of common stock | $ 825 | ||
Common stock shares repurchased | 1,863,400 | 800,000 | 57,800 |
Issuance of restricted common stock | 956,125 | 231,766 | |
Common stock, cash dividends per share | $ 0.34 | $ 0.29 | $ 0.11 |
Giant Holdings, Inc. [Member] | |||
Net issuance of shares of common stock | 2,738,038 | ||
Net issuance cost of common stock | $ 195 | ||
Stonegate Bank [Member] | |||
Net issuance of shares of common stock | 30,863,658 | ||
Net issuance cost of common stock | $ 630 | ||
Shore Premier Finance [Member] | |||
Net issuance of shares of common stock | 1,250,000 | ||
Net issuance cost of common stock | $ 0 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | Dec. 31, 2017 | |
Operating Activities | |||||
Net income | $ 80,284 | $ 14,821 | $ 229,373 | $ 111,774 | $ 23,309 |
Adjustments to reconcile net income to net cash provided by (used in) operating activities: | |||||
Depreciation | 9,156 | 8,634 | |||
Investment amortization | 16,033 | 12,087 | |||
Accretion of purchased loans | (32,021) | (23,319) | |||
Share-based compensation | 6,505 | 4,976 | |||
Gain on assets | (3,436) | (1,720) | |||
Gain on acquisitions | (3,807) | ||||
Provision for loan losses | 35,023 | 4,322 | 39,324 | ||
Deferred income tax effect | 1,393 | (13,187) | 14,593 | (15,867) | |
Increase in cash value of life insurance | (735) | (478) | (2,119) | (1,251) | |
Originations of mortgage loans held for sale | (258,520) | (243,948) | |||
Proceeds from sales of mortgage loans held for sale | 262,900 | 250,784 | |||
Changes in assets and liabilities: | |||||
Accrued interest receivable | (2,377) | (1,814) | |||
Other assets | (17,485) | (22,642) | |||
Accrued interest payable and other liabilities | 28,547 | (35,436) | |||
Net cash provided by operating activities | 255,471 | 77,775 | |||
Investing Activities | |||||
Net decrease (increase) in federal funds sold | 23,609 | (1,480) | |||
Net increase in loans, excluding purchased loans | (119,723) | (92,015) | |||
Purchases of investment securities - available-for-sale | (380,847) | (522,329) | |||
Proceeds from maturities of investment securities - available-for-sale | 252,795 | 120,785 | |||
Proceeds from sale of investment securities - available-for-sale | 1,064 | 28,368 | |||
Purchases of investment securities - held-to-maturity | (219) | ||||
Proceeds from maturities of investment securities - held-to-maturity | 25,007 | 48,144 | |||
Proceeds from sale of investment securities - held-to-maturity | 491 | ||||
Proceeds from foreclosed assets held for sale | 17,744 | 13,315 | |||
Proceeds from sale of SBA Loans | 7,938 | 13,630 | |||
Purchases of premises and equipment, net | (5,070) | (4,383) | |||
Return of investment on cash value of life insurance | 1,325 | 592 | |||
Net cash (paid) proceeds received - market acquisitions | (377,411) | 227,845 | |||
Net cash used in investing activities | (553,569) | (167,256) | |||
Financing Activities | |||||
Net increase in deposits, excluding deposits acquired | 236,236 | 536,891 | |||
Net (decrease) increase in securities sold under agreements to repurchase | (5,643) | 2,078 | |||
Net increase (decrease) in FHLB and other borrowed funds | 64,663 | (350,230) | |||
Proceeds from exercise of stock options | 1,257 | 849 | |||
Proceeds from issuance of subordinated notes | 297,201 | ||||
Repurchase of common stock | (43,170) | (19,538) | |||
Common stock issuance costs - market acquisitions | (825) | ||||
Dividends paid on common stock | (59,121) | (41,274) | |||
Net cash provided by used in financing activities | 194,222 | 425,152 | |||
Net change in cash and cash equivalents | (103,876) | 335,671 | |||
Cash and cash equivalents - beginning of year | 635,933 | 216,649 | 216,649 | ||
Cash and cash equivalents - end of period | $ 532,057 | $ 552,320 | $ 532,057 | $ 552,320 | $ 635,933 |
Nature of Operations and Summar
Nature of Operations and Summary of Significant Accounting Policies | 9 Months Ended |
Sep. 30, 2018 | |
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 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 banking services and branch locations are considered by management to be aggregated into one reportable operating segment. 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 September 30, 2018 and 2017 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 2017 Form 10-K, Revenue Recognition. Accounting Standards Codification (“ASC”) Topic 606, Revenue from Contracts with Customers non-interest • Service charges on deposit accounts – These represent general service fees for monthly account maintenance and activity or transaction-based fees and consist of transaction-based revenue, time-based revenue (service period), item-based revenue or some other individual attribute-based revenue. Revenue is recognized when our performance obligation is completed which is generally monthly for account maintenance services or when a transaction has been completed (such as a wire transfer). Payment for such performance obligations are generally received at the time the performance obligations are satisfied. • Other service charges and fees – These represent credit card interchange fees and Centennial CFG loan fees. The interchange fees are recorded in the period the performance obligation is satisfied which is generally the cash basis based on agreed upon contracts. The Centennial CFG loan fees are based on loan or other negotiated agreements with customers and are accounted for under ASC Topic 310. • Mortgage lending income – This represents fee income on secondary market lending which is accounted for under ASC Topic 310 and transfer of loans based on a “bid” agreement with the investor which is accounted for under ASC Topic 860, Transfers and Servicing Earnings per Share Basic earnings per share is computed based on the weighted-average number of shares outstanding during each year. Diluted earnings per share is computed using the weighted-average shares and all potential dilutive shares outstanding during the period. The following table sets forth the computation of basic and diluted earnings per share (“EPS”) for the following periods: Three Months Ended September 30, Nine Months Ended September 30, 2018 2017 2018 2017 (In thousands) Net income $ 80,284 $ 14,821 $ 229,373 $ 111,774 Average shares outstanding 174,440 144,238 173,870 143,111 Effect of common stock options 427 749 524 728 Average diluted shares outstanding 174,867 144,987 174,394 143,839 Basic earnings per share $ 0.46 $ 0.10 $ 1.32 $ 0.78 Diluted earnings per share $ 0.46 $ 0.10 $ 1.32 $ 0.78 |
Business Combinations
Business Combinations | 9 Months Ended |
Sep. 30, 2018 | |
Business Combinations [Abstract] | |
Business Combinations | 2. Business Combinations Acquisition of Shore Premier Finance On June 30, 2018, the Company, completed the acquisition of Shore Premier Finance (“SPF”), a division of Union Bank & Trust of Richmond, Virginia, the bank subsidiary of Union Bankshares Corporation. The Company paid a purchase price of approximately $377.4 million in cash, subject to certain post-closing adjustments, and 1,250,000 shares of HBI common stock valued at approximately $28.2 million. SPF provides direct consumer financing for United States Coast Guard (“USCG”) registered high-end Including the effects of known purchase accounting adjustments, as of acquisition date, SPF had approximately $377.0 million in total assets, including $376.2 million in total loans and $1.9 million in assumed liabilities, which resulted in tentative goodwill of $30.5 million being recorded. 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 and intangible assets and to evaluate the assumed tax positions and contingencies. This portfolio of loans is now housed in a division of Centennial known as Shore Premier Finance. The SPF division of Centennial is responsible for servicing the acquired loan portfolio and originating new loan production. In connection with this acquisition and the creation of the SPF division of Centennial, Centennial has opened a new loan production office in Chesapeake, Virginia. Through this loan production office, the SPF division of Centennial will continue its vision to build out a lending platform focusing on commercial and consumer marine loans. The Company has determined that the acquisition of the net assets of SPF constitutes a business combination as defined by the ASC Topic 805. Accordingly, the assets acquired 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. Acquisition of Stonegate Bank On September 26, 2017, the Company, completed the acquisition of all of the issued and outstanding shares of common stock of Stonegate Bank (“Stonegate”), and merged Stonegate into Centennial. The Company paid a purchase price to the Stonegate shareholders of approximately $792.4 million for the Stonegate acquisition. Under the terms of the merger agreement, shareholders of Stonegate received 30,863,658 shares of HBI common stock valued at approximately $742.3 million plus approximately $50.1 million in cash in exchange for all outstanding shares of Stonegate common stock. In addition, the holders of outstanding stock options of Stonegate received approximately $27.6 million in cash in connection with the cancellation of their options immediately before the acquisition closed, for a total transaction value of approximately $820.0 million. Including the effects of the purchase accounting adjustments, as of acquisition date, Stonegate had approximately $2.89 billion in total assets, $2.37 billion in loans and $2.53 billion in customer deposits. Stonegate formerly operated its banking business from 24 locations in key Florida markets with significant presence in Broward and Sarasota counties. The Company has determined that the acquisition of the net assets of Stonegate 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: Stonegate Bank Acquired from Fair Value As Recorded by HBI (Dollars in thousands) Assets Cash and due from banks $ 100,958 $ — $ 100,958 Interest-bearing deposits with other banks 135,631 — 135,631 Federal funds sold 1,515 — 1,515 Investment securities 103,041 474 103,515 Loans receivable 2,446,149 (74,067 ) 2,372,082 Allowance for loan losses (21,507 ) 21,507 — Loans receivable, net 2,424,642 (52,560 ) 2,372,082 Bank premises and equipment, net 38,868 (3,572 ) 35,296 Foreclosed assets held for sale 4,187 (801 ) 3,386 Cash value of life insurance 48,000 — 48,000 Accrued interest receivable 7,088 — 7,088 Deferred tax asset, net 27,340 11,990 39,330 Goodwill 81,452 (81,452 ) — Core deposit and other intangibles 10,505 20,364 30,869 Other assets 9,598 255 9,853 Total assets acquired $ 2,992,825 $ (105,302 ) $ 2,887,523 Liabilities Deposits Demand and non-interest-bearing $ 585,959 $ — $ 585,959 Savings and interest-bearing transaction accounts 1,776,256 — 1,776,256 Time deposits 163,567 (85 ) 163,482 Total deposits 2,525,782 (85 ) 2,525,697 FHLB borrowed funds 32,667 184 32,851 Securities sold under agreements to repurchase 26,163 — 26,163 Accrued interest payable and other liabilities 8,100 (484 ) 7,616 Subordinated debentures 8,345 1,489 9,834 Total liabilities assumed 2,601,057 1,104 2,602,161 Equity Total equity assumed 391,768 (391,768 ) — Total liabilities and equity assumed $ 2,992,825 $ (390,664 ) 2,602,161 Net assets acquired 285,362 Purchase price 792,370 Goodwill $ 507,008 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, interest-bearing deposits with other banks and federal funds sold Investment securities Loans The Company evaluated $2.37 billion 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 Cash value of life insurance Accrued interest receivable Deferred tax asset Core deposit intangible Deposits FHLB borrowed funds Securities sold under agreements to repurchase Accrued interest payable and other liabilities Subordinated debentures The unaudited pro-forma Years Ended December 31, 2017 2016 (In thousands, except per Total interest income $ 610,697 $ 538,258 Total non-interest 107,179 95,555 Net income available to all shareholders 143,979 206,081 Basic earnings per common share $ 0.79 $ 1.20 Diluted earnings per common share 0.79 1.20 The unaudited pro-forma in-market Acquisition of The Bank of Commerce On February 28, 2017, the Company completed its acquisition of all of the issued and outstanding shares of common stock of The Bank of Commerce (“BOC”), a Florida state-chartered bank that operated in the Sarasota, Florida area, pursuant to an acquisition agreement, dated December 1, 2016, by and between HBI and Bank of Commerce Holdings, Inc. (“BCHI”), parent company of BOC. The Company 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, under which the Company submitted an initial bid to purchase the outstanding shares of BOC and was deemed to be the successful bidder after a subsequent auction was held. 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 acquisition agreement, the Company 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, net — 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 Company’s operating results for the period ended December 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 December 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 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 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 the Company’s 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, $327.8 million in loans after $8.1 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, net 2,286 1,807 4,093 Core deposit and other intangibles 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 |
Investment Securities
Investment Securities | 9 Months Ended |
Sep. 30, 2018 | |
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 September 30, 2018 Available-for-Sale Amortized Gross Gross Estimated (In thousands) U.S. government-sponsored enterprises $ 427,722 $ 138 $ (7,985 ) $ 419,875 Residential mortgage-backed securities 533,106 294 (15,386 ) 518,014 Commercial mortgage-backed securities 478,409 87 (14,636 ) 463,860 State and political subdivisions 311,117 1,235 (6,202 ) 306,150 Other securities 35,554 1,160 (183 ) 36,531 Total $ 1,785,908 $ 2,914 $ (44,392 ) $ 1,744,430 Held-to-Maturity Amortized Gross Gross Estimated (In thousands) U.S. government-sponsored enterprises $ 3,587 $ — $ (87 ) $ 3,500 Residential mortgage-backed securities 47,670 23 (1,395 ) 46,298 Commercial mortgage-backed securities 12,705 — (370 ) 12,335 State and political subdivisions 135,304 1,368 (253 ) 136,419 Total $ 199,266 $ 1,391 $ (2,105 ) $ 198,552 December 31, 2017 Available-for-Sale Amortized Gross Gross Estimated (In thousands) U.S. government-sponsored enterprises $ 407,387 $ 899 $ (1,982 ) $ 406,304 Residential mortgage-backed securities 481,981 538 (4,919 ) 477,600 Commercial mortgage-backed securities 497,870 332 (4,430 ) 493,772 State and political subdivisions 247,292 3,783 (774 ) 250,301 Other securities 34,617 1,225 (302 ) 35,540 Total $ 1,669,147 $ 6,777 $ (12,407 ) $ 1,663,517 Held-to-Maturity Amortized Gross Gross Estimated (In thousands) U.S. government-sponsored enterprises $ 5,791 $ 15 $ (15 ) $ 5,791 Residential mortgage-backed securities 56,982 107 (402 ) 56,687 Commercial mortgage-backed securities 16,625 114 (40 ) 16,699 State and political subdivisions 145,358 3,031 (27 ) 148,362 Total $ 224,756 $ 3,267 $ (484 ) $ 227,539 Assets, principally investment securities, having a carrying value of approximately $1.17 billion and $1.18 billion at September 30, 2018 and December 31, 2017, 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 $142.1 million and $147.8 million at September 30, 2018 and December 31, 2017, 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 (In thousands) Due in one year or less $ 188,664 $ 185,303 $ 64,821 $ 65,527 Due after one year through five years 997,039 975,767 89,950 89,016 Due after five years through ten years 468,969 455,579 11,773 11,472 Due after ten years 131,236 127,781 32,722 32,537 Total $ 1,785,908 $ 1,744,430 $ 199,266 $ 198,552 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 September 30, 2018, approximately $1.4 million in available-for-sale available-for-sale During the three and nine-month periods ended September 30, 2017, approximately $234,000 and $27.4 million, respectively, in available-for-sale During the three-month and nine-month periods ended September 30, 2018, no held-to-maturity held-to-maturity held-to-maturity 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 and nine-month periods ended September 30, 2018, no securities were deemed to have other-than-temporary impairment. At September 30, 2018, the Company had investment securities with approximately $26.9 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 67.7% 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 September 30, 2018 Less Than 12 Months 12 Months or More Total Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized (In thousands) U.S. government-sponsored enterprises $ 253,980 $ (3,686 ) $ 135,156 $ (4,386 ) $ 389,136 $ (8,072 ) Residential mortgage-backed securities 212,531 (4,745 ) 315,803 (12,036 ) 528,334 (16,781 ) Commercial mortgage-backed securities 233,726 (6,738 ) 226,854 (8,268 ) 460,580 (15,006 ) State and political subdivisions 174,397 (4,385 ) 42,238 (2,070 ) 216,635 (6,455 ) Other securities — — 9,792 (183 ) 9,792 (183 ) Total $ 874,634 $ (19,554 ) $ 729,843 $ (26,943 ) $ 1,604,477 $ (46,497 ) December 31, 2017 Less Than 12 Months 12 Months or More Total Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized (In thousands) U.S. government-sponsored enterprises $ 234,213 $ (1,288 ) $ 40,122 $ (709 ) $ 274,335 $ (1,997 ) Residential mortgage-backed securities 389,541 (3,656 ) 99,989 (1,665 ) 489,530 (5,321 ) Commercial mortgage-backed securities 314,301 (2,343 ) 120,365 (2,127 ) 434,666 (4,470 ) State and political subdivisions 41,299 (331 ) 20,980 (470 ) 62,279 (801 ) Other securities — — 9,852 (302 ) 9,852 (302 ) Total $ 979,354 $ (7,618 ) $ 291,308 $ (5,273 ) $ 1,270,662 $ (12,891 ) Income earned on securities for the three and nine months ended September 30, 2018 and 2017, is as follows: Three Months Ended September 30, Nine Months Ended September 30, 2018 2017 2018 2017 Taxable: (In thousands) Available-for-sale $ 8,578 $ 6,527 $ 25,571 $ 17,001 Held-to-maturity 433 544 1,389 1,982 Non-taxable: Available-for-sale 2,205 1,627 6,006 4,757 Held-to-maturity 1,222 1,405 3,795 4,185 Total $ 12,438 $ 10,103 $ 36,761 $ 27,925 |
Loans Receivable
Loans Receivable | 9 Months Ended |
Sep. 30, 2018 | |
Receivables [Abstract] | |
Loans Receivable | 4. Loans Receivable The various categories of loans receivable are summarized as follows: September 30, December 31, (In thousands) Real estate: Commercial real estate loans Non-farm/non-residential $ 4,685,827 $ 4,600,117 Construction/land development 1,550,910 1,700,491 Agricultural 72,930 82,229 Residential real estate loans Residential 1-4 1,982,666 1,970,311 Multifamily residential 608,608 441,303 Total real estate 8,900,941 8,794,451 Consumer 428,192 46,148 Commercial and industrial 1,303,841 1,297,397 Agricultural 58,644 49,815 Other 141,197 143,377 Total loans receivable $ 10,832,815 $ 10,331,188 During the three and nine-month periods ended September 30, 2018, the Company sold $836,000 and $7.4 million, respectively, of the guaranteed portion of certain SBA loans, which resulted in a gain of approximately $47,000 and $491,000, respectively. During the three and nine-month periods ended September 30, 2017, the Company sold $3.1 million and $12.9 million, respectively, of the guaranteed portion of certain SBA loans, which resulted in a gain of approximately $163,000 and $738,000, respectively. Mortgage loans held for sale of approximately $39.9 million and $44.3 million at September 30, 2018 and December 31, 2017, respectively, are included in residential 1-4 The Company had $3.08 billion of purchased loans, which includes $120.8 million of discount for credit losses on purchased loans, at September 30, 2018. The Company had $40.5 million and $80.3 million remaining of non-accretable non-accretable A description of our accounting policies for loans, impaired loans, non-accrual 10-K |
Allowance for Loan Losses, Cred
Allowance for Loan Losses, Credit Quality and Other | 9 Months Ended |
Sep. 30, 2018 | |
Text Block [Abstract] | |
Allowance for Loan Losses, Credit Quality and Other | 5. Allowance for Loan Losses, Credit Quality and Other The Company’s allowance for loan loss as of September 30, 2018 and December 31, 2017 was significantly impacted by Hurricane Irma which made initial landfall in the Florida Keys and a second landfall just south of Naples, Florida, as a Category 4 hurricane on September 10, 2017. Based on initial assessments of the potential credit impact and damage to the approximately $2.41 billion in legacy loans receivable we have in the disaster area, the Company established a $32.9 million storm-related provision for loan losses as of December 31, 2017. As of September 30, 2018, charge-offs of $2.5 million have been taken against the storm-related provision for loan losses. The following table presents a summary of changes in the allowance for loan losses: Nine Months Ended September 30, 2018 Allowance for loan losses: (In thousands) Beginning balance $ 110,266 Loans charged off (7,173 ) Recoveries of loans previously charged off 2,776 Net loans recovered (charged off) (4,397 ) Provision for loan losses 4,322 Balance, September 30, 2018 $ 110,191 The following tables present the balance in the allowance for loan losses for the three and nine-month period ended September 30, 2018, and the allowance for loan losses and recorded investment in loans based on portfolio segment by impairment method as of September 30, 2018. 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 September 30, 2018 Construction/ Land Other Commercial Residential Real Estate Commercial & Industrial Consumer & Other Unallocated Total Allowance for loan losses: (In thousands) Beginning balance $ 20,243 $ 45,985 $ 24,205 $ 16,193 $ 3,518 $ 1,372 $ 111,516 Loans charged off (337 ) (144 ) (608 ) (744 ) (668 ) — (2,501 ) Recoveries of loans previously charged off 90 195 309 251 331 — 1,176 Net loans recovered (charged off) (247 ) 51 (299 ) (493 ) (337 ) — (1,325 ) Provision for loan losses (982 ) (683 ) 193 (1,923 ) 479 2,916 — Balance, September 30 $ 19,014 $ 45,353 $ 24,099 $ 13,777 $ 3,660 $ 4,288 $ 110,191 Nine Months Ended September 30, 2018 Construction/ Land Other Commercial Residential Real Estate Commercial & Industrial Consumer & Other Unallocated Total Allowance for loan losses: (In thousands) Beginning balance $ 20,343 $ 43,939 $ 24,506 $ 15,292 $ 3,334 $ 2,852 $ 110,266 Loans charged off (399 ) (981 ) (2,339 ) (1,816 ) (1,638 ) — (7,173 ) Recoveries of loans previously charged off 209 383 844 568 772 — 2,776 Net loans recovered (charged off) (190 ) (598 ) (1,495 ) (1,248 ) (866 ) — (4,397 ) Provision for loan losses (1,139 ) 2,012 1,088 (267 ) 1,192 1,436 4,322 Balance, September 30 $ 19,014 $ 45,353 $ 24,099 $ 13,777 $ 3,660 $ 4,288 $ 110,191 As of September 30, 2018 Construction/ Land Other Commercial Residential Real Estate Commercial & Industrial Consumer & Other Unallocated Total Allowance for loan losses: (In thousands) Period end amount allocated to: Loans individually evaluated for impairment $ 854 $ 533 $ 115 $ 9 $ — $ — $ 1,511 Loans collectively evaluated for impairment 18,150 44,590 23,355 13,672 3,660 4,288 107,715 Loans evaluated for impairment balance, September 30 19,004 45,123 23,470 13,681 3,660 4,288 109,226 Purchased credit impaired loans 10 230 629 96 — — 965 Balance, September 30 $ 19,014 $ 45,353 $ 24,099 $ 13,777 $ 3,660 $ 4,288 $ 110,191 Loans receivable: Period end amount allocated to: Loans individually evaluated for impairment $ 14,876 $ 60,572 $ 19,933 $ 30,716 $ 2,064 $ — $ 128,161 Loans collectively evaluated for impairment 1,526,689 4,613,352 2,534,630 1,256,796 623,747 — 10,555,214 Loans evaluated for impairment balance, September 30 1,541,565 4,673,924 2,554,563 1,287,512 625,811 — 10,683,375 Purchased credit impaired loans 9,345 84,833 36,711 16,329 2,222 — 149,440 Balance, September 30 $ 1,550,910 $ 4,758,757 $ 2,591,274 $ 1,303,841 $ 628,033 $ — $ 10,832,815 The following tables present the balances in the allowance for loan losses for the nine-month period ended September 30, 2017 and the year ended December 31, 2017, and the allowance for loan losses and recorded investment in loans receivable based on portfolio segment by impairment method as of December 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. Year Ended December 31, 2017 Construction/ Land Other Commercial Residential Real Estate Commercial & Industrial Consumer & Other Unallocated Total Allowance for loan losses: (In thousands) Beginning balance $ 11,522 $ 28,188 $ 16,517 $ 12,756 $ 4,188 $ 6,831 $ 80,002 Loans charged off (326 ) (1,655 ) (2,288 ) (779 ) (1,063 ) — (6,111 ) Recoveries of loans previously charged off 227 710 254 252 503 — 1,946 Net loans recovered (charged off) (99 ) (945 ) (2,034 ) (527 ) (560 ) — (4,165 ) Provision for loan losses 1,419 600 3,232 599 (565 ) (984 ) 4,301 Balance, September 30 12,842 27,843 17,715 12,828 3,063 5,847 80,138 Loans charged off (1,306 ) (2,094 ) (1,692 ) (4,799 ) (1,469 ) — (11,360 ) Recoveries of loans previously charged off 235 332 422 212 338 — 1,539 Net loans recovered (charged off) (1,071 ) (1,762 ) (1,270 ) (4,587 ) (1,131 ) — (9,821 ) Provision for loan losses 8,572 17,858 8,061 7,051 1,402 (2,995 ) 39,949 Balance, December 31 $ 20,343 $ 43,939 $ 24,506 $ 15,292 $ 3,334 $ 2,852 $ 110,266 As of December 31, 2017 Construction/ Land Other Commercial Residential Real Estate Commercial & Industrial Consumer & Other Unallocated Total Allowance for loan losses: (In thousands) Period end amount allocated to: Loans individually evaluated for impairment $ 1,378 $ 768 $ 188 $ 843 $ 7 $ — $ 3,184 Loans collectively evaluated for impairment 18,954 42,824 23,341 14,290 3,310 2,852 105,571 Loans evaluated for impairment balance, December 31 20,332 43,592 23,529 15,133 3,317 2,852 108,755 Purchased credit impaired loans 11 347 977 159 17 — 1,511 Balance, December 31 $ 20,343 $ 43,939 $ 24,506 $ 15,292 $ 3,334 $ 2,852 $ 110,266 Loans receivable: Period end amount allocated to: Loans individually evaluated for impairment $ 26,860 $ 124,124 $ 20,431 $ 21,867 $ 500 $ — $ 193,782 Loans collectively evaluated for impairment 1,658,519 4,442,201 2,341,081 1,261,161 236,392 — 9,939,354 Loans evaluated for impairment balance, December 31 1,685,379 4,566,325 2,361,512 1,283,028 236,892 — 10,133,136 Purchased credit impaired loans 15,112 116,021 50,102 14,369 2,448 — 198,052 Balance, December 31 $ 1,700,491 $ 4,682,346 $ 2,411,614 $ 1,297,397 $ 239,340 $ — $ 10,331,188 The following is an aging analysis for loans receivable as of September 30, 2018 and December 31, 2017: September 30, 2018 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 Real estate: (In thousands) Commercial real estate loans Non-farm/non-residential $ 6,496 $ 4,411 $ 22,628 $ 33,535 $ 4,652,292 $ 4,685,827 $ 11,405 Construction/land development 803 584 8,517 9,904 1,541,006 1,550,910 3,551 Agricultural — — 30 30 72,900 72,930 — Residential real estate loans Residential 1-4 9,141 2,441 15,821 27,403 1,955,263 1,982,666 1,509 Multifamily residential 482 — 983 1,465 607,143 608,608 — Total real estate 16,922 7,436 47,979 72,337 8,828,604 8,900,941 16,465 Consumer 784 73 2,004 2,861 425,331 428,192 1,796 Commercial and industrial 4,868 384 6,449 11,701 1,292,140 1,303,841 2,006 Agricultural and other 1,260 23 33 1,316 198,525 199,841 — Total $ 23,834 $ 7,916 $ 56,465 $ 88,215 $ 10,744,600 $ 10,832,815 $ 20,267 December 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 Real estate: (In thousands) Commercial real estate loans Non-farm/non-residential $ 6,331 $ 1,480 $ 12,719 $ 20,530 $ 4,579,587 $ 4,600,117 $ 3,119 Construction/land development 834 13 8,258 9,105 1,691,386 1,700,491 3,247 Agricultural — 221 19 240 81,989 82,229 — Residential real estate loans Residential 1-4 9,066 2,013 16,612 27,691 1,942,620 1,970,311 2,175 Multifamily residential — — 253 253 441,050 441,303 100 Total real estate 16,231 3,727 37,861 57,819 8,736,632 8,794,451 8,641 Consumer 252 51 171 474 45,674 46,148 26 Commercial and industrial 2,073 1,030 6,528 9,631 1,287,766 1,297,397 1,944 Agricultural and other 288 113 137 538 192,654 193,192 54 Total $ 18,844 $ 4,921 $ 44,697 $ 68,462 $ 10,262,726 $ 10,331,188 $ 10,665 Non-accruing The following is a summary of the impaired loans as of September 30, 2018 and December 31, 2017: September 30, 2018 Three Months Ended Nine Months Ended Unpaid Total Allocation of Allowance Average Interest Recognized Average Interest Recognized Loans without a specific valuation allowance (In thousands) Real estate: Commercial real estate loans Non-farm/non-residential $ 44 $ 44 $ — $ 36 $ 1 $ 33 $ 2 Construction/land development 18 18 — 18 — 30 1 Agricultural 13 13 — 14 — 16 1 Residential real estate loans Residential 1-4 286 286 — 237 5 186 14 Multifamily residential — — — — — — — Total real estate 361 361 — 305 6 265 18 Consumer 27 28 — 29 1 23 2 Commercial and industrial 202 202 — 225 3 189 8 Agricultural and other — — — — — — — Total loans without a specific valuation allowance 590 591 — 559 10 477 28 Loans with a specific valuation allowance Real estate: Commercial real estate loans Non-farm/non-residential 41,299 37,365 524 37,770 375 33,965 1,107 Construction/land development 13,509 12,446 854 12,614 75 12,398 234 Agricultural 299 303 9 410 4 412 14 Residential real estate loans Residential 1-4 19,248 17,241 67 17,678 51 18,639 429 Multifamily residential 2,405 2,405 48 2,561 16 2,116 66 Total real estate 76,760 69,760 1,502 71,033 521 67,530 1,850 Consumer 2,245 2,003 — 1,092 24 638 42 Commercial and industrial 10,269 6,619 9 8,276 35 11,361 223 Agricultural and other 33 33 — 103 — 174 3 Total loans with a specific valuation allowance 89,307 78,415 1,511 80,504 580 79,703 2,118 Total impaired loans Real estate: Commercial real estate loans Non-farm/non-residential 41,343 37,409 524 37,806 376 33,998 1,109 Construction/land development 13,527 12,464 854 12,632 75 12,428 235 Agricultural 312 316 9 424 4 428 15 Residential real estate loans Residential 1-4 19,534 17,527 67 17,915 56 18,825 443 Multifamily residential 2,405 2,405 48 2,561 16 2,116 66 Total real estate 77,121 70,121 1,502 71,338 527 67,795 1,868 Consumer 2,272 2,031 — 1,121 25 661 44 Commercial and industrial 10,471 6,821 9 8,501 38 11,550 231 Agricultural and other 33 33 — 103 — 174 3 Total impaired loans $ 89,897 $ 79,006 $ 1,511 $ 81,063 $ 590 $ 80,180 $ 2,146 Note 310-30. December 31, 2017 Year Ended Unpaid Total Allocation of Allowance Average Interest Recognized Loans without a specific valuation allowance (In thousands) Real estate: Commercial real estate loans Non-farm/non-residential $ 29 $ 29 $ — $ 23 $ 2 Construction/land development 64 64 — 31 3 Agricultural 19 — — — 1 Residential real estate loans Residential 1-4 115 115 — 135 7 Multifamily residential — — — — — Total real estate 227 208 — 189 13 Consumer 18 — — — 1 Commercial and industrial 105 105 — 85 7 Agricultural and other — — — — — Total loans without a specific valuation allowance 350 313 — 274 21 Loans with a specific valuation allowance Real estate: Commercial real estate loans Non-farm/non-residential 29,666 29,040 757 41,772 1,498 Construction/land development 12,976 12,157 1,378 10,556 262 Agricultural 281 303 11 268 11 Residential real estate loans Residential 1-4 19,770 18,689 124 22,347 363 Multifamily residential 1,627 1,627 64 1,412 81 Total real estate 64,320 61,816 2,334 76,355 2,215 Consumer 179 191 — 163 — Commercial and industrial 16,777 13,007 843 9,726 121 Agricultural and other 297 309 7 644 8 Total loans with a specific valuation allowance 81,573 75,323 3,184 86,888 2,344 Total impaired loans Real estate: Commercial real estate loans Non-farm/non-residential 29,695 29,069 757 41,795 1,500 Construction/land development 13,040 12,221 1,378 10,587 265 Agricultural 300 303 11 268 12 Residential real estate loans Residential 1-4 19,885 18,804 124 22,482 370 Multifamily residential 1,627 1,627 64 1,412 81 Total real estate 64,547 62,024 2,334 76,544 2,228 Consumer 197 191 — 163 1 Commercial and industrial 16,882 13,112 843 9,811 128 Agricultural and other 297 309 7 644 8 Total impaired loans $ 81,923 $ 75,636 $ 3,184 $ 87,162 $ 2,365 Note 310-30. Interest recognized on impaired loans during the three months ended September 30, 2018 and 2017 was approximately $590,000 and $957,000, respectively. Interest recognized on impaired loans during the nine months ended September 30, 2018 and 2017 was approximately $2.1 million and $2.0 million, 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) September 30, 2018 Risk Rated 6 Risk Rated 7 Risk Rated 8 Classified Total Real estate: (In thousands) Commercial real estate loans Non-farm/non-residential $ 41,424 $ 484 $ — $ 41,908 Construction/land development 14,502 860 — 15,362 Agricultural 315 3 — 318 Residential real estate loans Residential 1-4 23,782 253 — 24,035 Multifamily residential 983 — — 983 Total real estate 81,006 1,600 — 82,606 Consumer 1,117 1 — 1,118 Commercial and industrial 11,237 881 — 12,118 Agricultural and other 50 — — 50 Total risk rated loans $ 93,410 $ 2,482 $ — $ 95,892 December 31, 2017 Risk Rated 6 Risk Rated 7 Risk Rated 8 Classified Total Real estate: (In thousands) Commercial real estate loans Non-farm/non-residential $ 20,933 $ 518 $ — $ 21,451 Construction/land development 24,013 204 — 24,217 Agricultural 321 — — 321 Residential real estate loans Residential 1-4 23,420 564 — 23,984 Multifamily residential 939 — — 939 Total real estate 69,626 1,286 — 70,912 Consumer 159 9 — 168 Commercial and industrial 12,818 80 — 12,898 Agricultural and other 136 — — 136 Total risk rated loans $ 82,739 $ 1,375 $ — $ 84,114 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 September 30, 2018 and December 31, 2017: September 30, 2018 Risk Rated 1 Risk Rated 2 Risk Rated 3 Risk Rated 4 Risk Rated 5 Classified Total Total Real estate: (In thousands) Commercial real estate loans Non-farm/non-residential $ 993 $ 299 $ 2,660,482 $ 1,863,651 $ 33,857 $ 41,908 $ 4,601,190 Construction/land development 20 736 261,009 1,263,515 923 15,362 1,541,565 Agricultural — — 35,336 36,099 981 318 72,734 Residential real estate loans Residential 1-4 770 750 1,454,690 461,225 7,536 24,035 1,949,006 Multifamily residential — — 398,294 206,280 — 983 605,557 Total real estate 1,783 1,785 4,809,811 3,830,770 43,297 82,606 8,770,052 Consumer 13,051 995 397,060 13,617 129 1,118 425,970 Commercial and industrial 21,669 8,805 589,856 624,100 30,964 12,118 1,287,512 Agricultural and other 1,045 3,388 134,301 60,520 537 50 199,841 Total risk rated loans $ 37,548 $ 14,973 $ 5,931,028 $ 4,529,007 $ 74,927 $ 95,892 10,683,375 Purchased credit impaired loans 149,440 Total loans receivable $ 10,832,815 December 31, 2017 Risk Rated 1 Risk Rated 2 Risk Rated 3 Risk Rated 4 Risk Rated 5 Classified Total Total Real estate: (In thousands) Commercial real estate loans Non-farm/non-residential $ 1,015 $ 558 $ 2,595,844 $ 1,745,778 $ 119,656 $ 21,451 $ 4,484,302 Construction/land development 28 583 280,980 1,373,133 6,438 24,217 1,685,379 Agricultural — 19 53,018 27,515 1,150 321 82,023 Residential real estate loans Residential 1-4 1,140 969 1,414,849 475,619 11,658 23,984 1,928,219 Multifamily residential — — 329,070 103,071 213 939 433,293 Total real estate 2,183 2,129 4,673,761 3,725,116 139,115 70,912 8,613,216 Consumer 13,106 808 22,479 8,532 70 168 45,163 Commercial and industrial 20,870 7,543 627,316 592,088 22,313 12,898 1,283,028 Agricultural and other 1,986 3,914 147,323 38,370 — 136 191,729 Total risk rated loans $ 38,145 $ 14,394 $ 5,470,879 $ 4,364,106 $ 161,498 $ 84,114 10,133,136 Purchased credit impaired loans 198,052 Total loans receivable $ 10,331,188 The following is a presentation of troubled debt restructurings (“TDRs”) by class as of September 30, 2018 and December 31, 2017: September 30, 2018 Number of Loans Pre- Modification Rate Modification Term Modification Rate & Term Modification Post- Real estate: (Dollars in thousands) Commercial real estate loans Non-farm/non-residential 16 $ 16,018 $ 8,177 $ 742 $ 4,494 $ 13,413 Construction/land development 3 641 546 69 — 615 Agricultural 2 345 283 16 — 299 Residential real estate loans Residential 1-4 24 4,494 1,105 353 1,035 2,493 Multifamily residential 3 1,701 1,281 — 287 1,568 Total real estate 48 23,199 11,392 1,180 5,816 18,388 Consumer 4 36 17 11 — 28 Commercial and industrial 13 1,062 396 105 — 501 Total 65 $ 24,297 $ 11,805 $ 1,296 $ 5,816 $ 18,917 December 31, 2017 Number of Loans Pre- Modification Rate Modification Term Modification Rate & Term Modification Post- Real estate: (Dollars in thousands) Commercial real estate loans Non-farm/non-residential 16 $ 16,853 $ 8,815 $ 250 $ 5,513 $ 14,578 Construction/land development 5 782 689 75 — 764 Agricultural 2 345 282 22 — 304 Residential real estate loans Residential 1-4 21 5,607 1,926 81 1,238 3,245 Multifamily residential 3 1,701 1,340 — 287 1,627 Total real estate 47 25,288 13,052 428 7,038 20,518 Consumer 3 19 — 18 — 18 Commercial and industrial 11 951 445 50 1 496 Agricultural and other 1 166 166 — — 166 Total 62 $ 26,424 $ 13,663 $ 496 $ 7,039 $ 21,198 The following is a presentation of TDRs on non-accrual September 30, 2018 December 31, 2017 Number Recorded Number Recorded Real estate: (Dollars in thousands) Commercial real estate loans Non-farm/non-residential 3 $ 758 2 $ 1,161 Agricultural 1 16 1 22 Residential real estate loans Residential 1-4 9 787 8 850 Multifamily residential 1 146 1 153 Total real estate 14 1,707 12 2,186 Commercial and industrial 6 128 1 — Total 20 $ 1,835 13 $ 2,186 The following is a presentation of total foreclosed assets as of September 30, 2018 and December 31, 2017: September 30, December 31, (In thousands) Commercial real estate loans Non-farm/non-residential $ 5,858 $ 9,766 Construction/land development 3,539 5,920 Agriculture 155 Residential real estate loans Residential 1-4 3,885 2,654 Multifamily residential 70 527 Total foreclosed assets held for sale $ 13,507 $ 18,867 The following is a summary of the purchased credit impaired loans acquired in the SPF, GHI, BOC and Stonegate acquisitions as of the dates of acquisition: SPF GHI BOC Stonegate (In thousands) Contractually required principal and interest at acquisition $ 3,496 $ 22,379 $ 18,586 $ 98,444 Non-accretable 285 4,462 2,811 23,297 Cash flows expected to be collected at acquisition 3,211 17,917 15,775 75,147 Accretable yield 808 2,071 1,043 11,761 Basis in purchased credit impaired loans at acquisition $ 2,403 $ 15,846 $ 14,732 $ 63,386 Changes in the carrying amount of the accretable yield for purchased credit impaired loans were as follows for the nine-month period ended September 30, 2018 for the Company’s acquisitions: Accretable Carrying (In thousands) Balance at beginning of period $ 41,803 $ 198,052 Reforecasted future interest payments for loan pools (459 ) — Contractual accretion recorded to interest income (13,206 ) 13,206 Acquisitions 808 2,403 Adjustment to yield 8,519 — Transfers to foreclosed assets held for sale — (2,156 ) Payments received, net — (62,065 ) Balance at end of period $ 37,465 $ 149,440 The loan pools were evaluated by the Company and are currently forecasted to have a slower run-off During the 2018 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 $8.5 million 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 | 9 Months Ended |
Sep. 30, 2018 | |
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 September 30, 2018 and December 31, 2017, were as follows: September 30, December 31, Goodwill (In thousands) Balance, beginning of period $ 927,949 $ 377,983 Acquisitions 30,459 549,966 Balance, end of period $ 958,408 $ 927,949 September 30, December 31, Core Deposit and Other Intangibles (In thousands) Balance, beginning of period $ 49,351 $ 18,311 Acquisition — 35,247 Amortization expense (4,867 ) (2,576 ) Balance, September 30 $ 44,484 50,982 Acquisitions — Amortization expense (1,631 ) Balance, end of year $ 49,351 The carrying basis and accumulated amortization of core deposits and other intangibles at September 30, 2018 and December 31, 2017 were: September 30, December 31, (In thousands) Gross carrying basis $ 86,625 $ 86,625 Accumulated amortization (42,141 ) (37,274 ) Net carrying amount $ 44,484 $ 49,351 Core deposit and other intangible amortization expense was approximately $1.6 million and $906,000 for the three months ended September 30, 2018 and 2017, respectively. Core deposit and other intangible amortization expense was approximately $4.9 million and $2.6 million for the nine months ended September 30, 2018 and 2017, respectively. Including all of the mergers completed as of December 31, 2017, HBI’s estimated amortization expense of core deposits and other intangibles for each of the years 2018 through 2023 is approximately: 2018 – $6.6 million; 2019 – $6.5 million; 2020 – $5.9 million; 2021 – $5.7 million; 2022 – $5.7 million; 2023 – $5.5 million. The carrying amount of the Company’s goodwill was $958.4 million and $927.9 million at September 30, 2018 and December 31, 2017, respectively. 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 | 9 Months Ended |
Sep. 30, 2018 | |
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] | |
Other Assets | 7. Other Assets Other assets consist primarily of equity securities without a readily determinable fair value and other miscellaneous assets. As of September 30, 2018 and December 31, 2017, other assets were $187.3 million and $177.8 million, respectively. The Company has equity securities without readily determinable fair values such as stock holdings in the Federal Home Loan Bank (“FHLB”) and the Federal Reserve Bank (“Federal Reserve”) which are outside the scope of ASC Topic 321, Investments – Equity Securities The Company has equity securities such as stock holdings in First National Bankers’ Bank and other miscellaneous holdings which are accounted for under ASC Topic 321. These equity securities without a readily determinable fair value were $24.5 million and $23.9 million at September 30, 2018 and December 31, 2017, respectively. There were no transactions during the period that would indicate a material change in fair value. Therefore, these investments were accounted for at cost. |
Deposits
Deposits | 9 Months Ended |
Sep. 30, 2018 | |
Banking and Thrift [Abstract] | |
Deposits | 8. Deposits The aggregate amount of time deposits with a minimum denomination of $250,000 was $784.8 million and $636.9 million at September 30, 2018 and December 31, 2017, respectively. The aggregate amount of time deposits with a minimum denomination of $100,000 was $1.25 billion and $998.3 million at September 30, 2018 and December 31, 2017, respectively. Interest expense applicable to certificates in excess of $100,000 totaled $4.9 million and $2.2 million for the three months ended September 30, 2018 and 2017, respectively. Interest expense applicable to certificates in excess of $100,000 totaled $11.5 million and $5.8 million for the nine months ended September 30, 2018 and 2017, respectively. As of September 30, 2018 and December 31, 2017, brokered deposits were $591.6 million and $1.03 billion, respectively. Deposits totaling approximately $1.84 billion and $1.51 billion at September 30, 2018 and December 31, 2017, 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 | 9 Months Ended |
Sep. 30, 2018 | |
Brokers and Dealers [Abstract] | |
Securities Sold Under Agreements to Repurchase | 9. Securities Sold Under Agreements to Repurchase At September 30, 2018 and December 31, 2017, securities sold under agreements to repurchase totaled $142.1 million and $147.8 million, respectively. For the three-month periods ended September 30, 2018 and 2017, securities sold under agreements to repurchase daily weighted-average totaled $148.8 million and $135.9 million, respectively. For the nine-month periods ended September 30, 2018 and 2017, securities sold under agreements to repurchase daily weighted-average totaled $148.5 million and $129.6 million, respectively. The remaining contractual maturity of securities sold under agreements to repurchase in the consolidated balance sheets as of September 30, 2018 and December 31, 2017 is presented in the following tables: September 30, 2018 Overnight and Up to 30 30-90 Days Greater than Total (In thousands) Securities sold under agreements to repurchase: U.S. government-sponsored enterprises $ 26,134 $ — $ — $ — $ 26,134 Mortgage-backed securities 9,694 — — — 9,694 State and political subdivisions 90,715 — — — 90,715 Other securities 15,603 — — — 15,603 Total borrowings $ 142,146 $ — $ — $ — $ 142,146 December 31, 2017 Overnight and Up to 30 30-90 Days Greater than Total (In thousands) Securities sold under agreements to repurchase: U.S. government-sponsored enterprises $ 11,525 $ — $ — $ 10,000 $ 21,525 Mortgage-backed securities 21,255 — — — 21,255 State and political subdivisions 85,428 — — — 85,428 Other securities 19,581 — — — 19,581 Total borrowings $ 137,789 $ — $ — $ 10,000 $ 147,789 |
FHLB Borrowed Funds
FHLB Borrowed Funds | 9 Months Ended |
Sep. 30, 2018 | |
Banking and Thrift [Abstract] | |
FHLB Borrowed Funds | 10. FHLB Borrowed Funds The Company’s FHLB borrowed funds, which are secured by our loan portfolio, were $ 1.36 billion and $1.30 billion at September 30, 2018 and December 31, 2017, respectively. At September 30, 2018, $750.0 million and $609.9 million of the outstanding balance were issued as short-term and long-term advances, respectively. At December 31, 2017, $525.0 million and $774.2 million of the outstanding balance were issued as short-term and long-term advances, respectively. The FHLB advances mature from the current year to 2033 with fixed interest rates ranging from 1.00% to 4.80% and are secured by loans and investments securities. Maturities of borrowings as of September 30, 2018 include: 2018 – $770.0 million; 2019 – $143.0 million; 2020 – $146.4 million; 2021 – zero; 2022 – zero; 2023 – zero; after 2023 – $300.4 million. Expected maturities will differ from contractual maturities because FHLB may have the right to call or HBI the right to prepay certain obligations. $300 million of the borrowings maturing after 2023 are callable by the FHLB within one year. Additionally, the Company had $941.3 million and $695.3 million at September 30, 2018 and December 31, 2017, respectively, in letters of credit under a FHLB blanket borrowing line of credit, which are used to collateralize public deposits at September 30, 2018 and December 31, 2017, respectively. |
Other Borrowings
Other Borrowings | 9 Months Ended |
Sep. 30, 2018 | |
Debt Disclosure [Abstract] | |
Other Borrowings | 11. Other Borrowings The Company had zero other borrowings at September 30, 2018. The Parent Company took out a $20.0 million unsecured line of credit for general corporate purposes during 2015. The balance on this line of credit at September 30, 2018 and December 31, 2017 was zero. |
Subordinated Debentures
Subordinated Debentures | 9 Months Ended |
Sep. 30, 2018 | |
Brokers and Dealers [Abstract] | |
Subordinated Debentures | 12. Subordinated Debentures Subordinated debentures at September 30, 2018 and December 31, 2017 consisted of guaranteed payments on trust preferred securities with the following components: As of September 30, As of (In thousands) Trust preferred securities 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 Subordinated debentures, issued in 2005, due 2035, floating rate of 2.15% above the three-month LIBOR rate, reset quarterly, currently callable without penalty 4,341 4,304 Subordinated debentures, issued in 2006, due 2036, fixed rate of 7.38% during the first five years and at a floating rate of 1.62% above the three-month LIBOR rate, reset quarterly, thereafter, currently callable without penalty 5,638 5,569 Subordinated debt securities Subordinated notes, net of issuance costs, issued in 2017, due 2027, fixed rate of 5.625% during the first five years and at a floating rate of 3.575% above the then three-month LIBOR rate, reset quarterly, thereafter, callable in 2022 without penalty 297,791 297,332 Total $ 368,596 $ 368,031 The Company holds trust preferred securities with a face amount of $73.3 million which are currently callable without penalty based on the terms of the specific agreements. The trust preferred securities are tax-advantaged The Bank acquired $12.5 million in trust preferred securities with a carrying value of $9.9 million and $9.8 million at September 30, 2018 and December 31, 2017, respectively, from the Stonegate acquisition. The difference between the fair value purchased of $9.9 million and the $12.5 million face amount, will be amortized into interest expense over the remaining life of the debentures. The associated subordinated debentures are redeemable, in whole or in part, prior to maturity at our option on a quarterly basis when interest is due and payable and in whole at any time within 90 days following the occurrence and continuation of certain changes in the tax treatment or capital treatment of the debentures. |
Income Taxes
Income Taxes | 9 Months Ended |
Sep. 30, 2018 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | 13. Income Taxes On December 22, 2017, the Tax Cuts and Jobs Act (“TCJA”) was signed into law. The TCJA makes broad and complex changes to the U.S. tax code that affected our income tax rate in 2017. The TCJA reduced the U.S. federal corporate income tax rate from 35% to 21%. The TCJA also established new tax laws that will affect 2018. On December 22, 2017, the SEC issued Staff Accounting Bulletin No. 118 (“SAB 118”), which provides guidance on accounting for the tax effects of the 2017 Act. SAB 118 provides a measurement period that should not extend beyond one year from the 2017 Act enactment date for companies to complete the accounting under ASC 740, Income Taxes. As such, the company’s 2017 financial results reflect the income tax effects for the 2017 Act for which the accounting under ASC 740 is complete and provisional amounts for those specific income tax effects of the 2017 Act for which the accounting under ASC 740 is incomplete, but a reasonable estimate could be determined. The company did not identify items for which the income tax effects of the 2017 Act have not been completed and a reasonable estimate could not be determined as of December 31, 2017. The tax expense recorded in 2017 is a reasonable estimate based on published guidance available at this time and is considered provisional. The ultimate impact of the 2017 Act may differ from these estimates due to changes in interpretations and assumptions made by the Company, as well as additional regulatory guidance. Any adjustments will be reflected in the Company’s financial statements in future periods. The following is a summary of the components of the provision (benefit) for income taxes for the three and nine-month periods ended September 30, 2018 and 2017: Three Months Ended September 30, Nine Months Ended September 30, 2018 2017 2018 2017 (In thousands) Current: Federal $ 17,999 $ 17,289 $ 44,354 $ 65,958 State 5,958 3,434 14,683 13,101 Total current 23,957 20,723 59,037 79,059 Deferred: Federal 1,047 (11,002 ) 10,964 (13,238 ) State 346 (2,185 ) 3,629 (2,629 ) Total deferred 1,393 (13,187 ) 14,593 (15,867 ) Income tax expense $ 25,350 $ 7,536 $ 73,630 $ 63,192 The reconciliation between the statutory federal income tax rate and effective income tax rate is as follows for the three and nine-month periods ended September 30, 2018 and 2017: Three Months Ended Nine Months Ended 2018 2017 2018 2017 Statutory federal income tax rate 21.00 % 35.00 % 21.00 % 35.00 % Effect of non-taxable (0.84 ) (4.48 ) (0.80 ) (1.82 ) Effect of gain on acquisitions — — — (0.76 ) Stock compensation (0.12 ) (0.09 ) (0.18 ) (0.49 ) State income taxes, net of federal benefit 3.30 3.91 3.60 4.01 Other 0.66 (0.63 ) 0.68 0.18 Effective income tax rate 24.00 % 33.71 % 24.30 % 36.12 % 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: September 30, December 31, (In thousands) Deferred tax assets: Allowance for loan losses $ 30,023 $ 29,515 Deferred compensation 2,868 1,142 Stock compensation 3,674 2,731 Real estate owned 1,419 1,731 Unrealized loss on securities available-for-sale 11,118 1,471 Loan discounts 25,144 32,784 Tax basis premium/discount on acquisitions 8,387 8,802 Investments 1,008 1,155 Other 10,552 11,663 Gross deferred tax assets 94,193 90,994 Deferred tax liabilities: Accelerated depreciation on premises and equipment 1,157 291 Core deposit intangibles 10,163 11,258 FHLB dividends 1,712 1,625 Other 1,613 1,256 Gross deferred tax liabilities 14,645 14,430 Net deferred tax assets $ 79,548 $ 76,564 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 2013. |
Common Stock, Compensation Plan
Common Stock, Compensation Plans and Other | 9 Months Ended |
Sep. 30, 2018 | |
Equity [Abstract] | |
Common Stock, Compensation Plans and Other | 14. Common Stock, Compensation Plans and Other Common Stock The Company’s Restated Articles of Incorporation, as amended, authorize the issuance of up to 200,000,000 shares of common stock, par value $0.01 per share. 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. Stock Repurchases On February 21, 2018, the Company’s Board of Directors authorized the repurchase of up to an additional 5,000,000 shares of its common stock under the previously approved stock repurchase program, which brought the total amount of authorized shares to repurchase to 14,752,000 shares. During 2018, the Company utilized a portion of this stock repurchase program. During the first nine months of 2018, the Company repurchased a total of 1,863,400 shares with a weighted-average stock price of $23.14 per share. The 2018 earnings were used to fund the repurchases during the year. Shares repurchased under the program as of September 30, 2018 total 6,388,264 shares. The remaining balance available for repurchase is 8,363,736 shares at September 30, 2018. 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 19, 2018 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 to 13,288,000 shares. The Plan provides for the granting of incentive and non-qualified During the third quarter of 2018, the Company granted 1,452,000 stock options and 843,500 shares of restricted stock to certain employees under the HOMB $2.00 program (“HOMB $2.00”). The purpose of the performance-based incentive plan is to motivate employees to help the Company achieve $2.00 of diluted earnings per share over a consecutive four-quarter period. The intrinsic value of the stock options outstanding and stock options vested at September 30, 2018 was $11.0 million and $8.0 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 September 30, 2018 and December 31, 2017 and changes during the nine-month period and year then ended: For the Nine Months For the Year Ended December 31, 2017 Shares Weighted- Shares Weighted- Outstanding, beginning of year 2,274 $ 16.23 2,397 $ 15.19 Granted 1,576 23.24 80 25.96 Forfeited/Expired (37 ) 22.30 — — Exercised (177 ) 9.42 (203 ) 7.82 Outstanding, end of period 3,636 19.54 2,274 16.23 Exercisable, end of period 1,171 15.10 1,016 $ 13.55 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. The weighted-average fair value of options granted during the nine months ended September 30, 2018 was $5.58 per share. The weighted-average fair value of options granted during the year ended December 31, 2017 was $7.10 per share. 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 Nine For the Year Ended Expected dividend yield 2.05 % 1.39 % Expected stock price volatility 25.59 % 28.47 % Risk-free interest rate 2.82 % 2.06 % Expected life of options 6.5 years 6.5 years The following is a summary of currently outstanding and exercisable options at September 30, 2018: Options Outstanding Options Exercisable Exercise Prices Options Outstanding Shares (000) Weighted- Average Remaining Contractual Life (in years) Weighted- Average Exercise Price Options Exercisable Shares (000) Weighted- Average Exercise Price $2.10 to $2.66 12 0.73 2.60 12 2.60 $5.68 to $6.56 89 3.22 6.54 89 6.54 $8.62 to $9.54 259 4.41 9.04 259 9.04 $14.71 to $16.86 252 6.02 15.97 168 16.05 $17.12 to $17.40 195 6.15 17.20 118 17.22 $18.46 1,010 6.90 18.46 433 18.46 $20.16 to $20.58 68 7.02 20.41 28 20.34 $21.25 to $22.22 230 8.51 21.71 48 21.25 $22.70 to $23.51 1,441 9.81 23.32 — — $25.96 80 8.56 25.96 16 25.96 3,636 1,171 The table below summarized the activity for the Company’s restricted stock issued and outstanding at September 30, 2018 and December 31, 2017 and changes during the period and year then ended: As of September 30, As of December 31, (In thousands) Beginning of year 1,145 958 Issued 1,005 232 Vested (229 ) (45 ) Forfeited (49 ) — End of period 1,872 1,145 Amount of expense for nine months and twelve months ended, respectively $ 5,153 $ 5,237 Total unrecognized compensation cost, net of income tax benefit, related to non-vested |
Non-Interest Expense
Non-Interest Expense | 9 Months Ended |
Sep. 30, 2018 | |
Text Block [Abstract] | |
Non-Interest Expense | 15. Non-Interest The table below shows the components of non-interest Three Months Ended Nine Months Ended 2018 2017 2018 2017 (In thousands) Salaries and employee benefits $ 37,825 $ 28,510 $ 107,315 $ 83,965 Occupancy and equipment 8,148 7,887 25,650 21,602 Data processing expense 3,461 2,853 10,786 8,439 Other operating expenses: Advertising 1,154 795 3,258 2,305 Merger and acquisition expenses — 18,227 — 25,743 Amortization of intangibles 1,617 906 4,867 2,576 Electronic banking expense 1,947 1,712 5,653 4,885 Directors’ fees 314 309 962 946 Due from bank service charges 253 472 714 1,348 FDIC and state assessment 2,293 1,293 6,689 3,763 Insurance 762 577 2,363 1,698 Legal and accounting 761 698 2,397 1,799 Other professional fees 1,748 1,436 4,988 3,822 Operating supplies 510 432 1,712 1,376 Postage 311 280 978 861 Telephone 337 305 1,081 1,027 Other expense 4,682 4,154 13,318 10,835 Total other operating expenses 16,689 31,596 48,980 62,984 Total non-interest $ 66,123 $ 70,846 $ 192,731 $ 176,990 |
Significant Estimates and Conce
Significant Estimates and Concentrations of Credit Risks | 9 Months Ended |
Sep. 30, 2018 | |
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, commercial real estate loans represented 58.3% and 61.8% of total loans receivable at September 30, 2018 and December 31, 2017, respectively, and 269.5% and 289.6% of total stockholders’ equity at September 30, 2018 and December 31, 2017, respectively. Residential real estate loans represented 23.9% and 23.3% of total loans receivable and 110.7% and 109.4% of total stockholders’ equity at September 30, 2018 and December 31, 2017, respectively. Approximately 89.1% of the Company’s total loans and 91.1% of the Company’s real estate loans as of September 30, 2018, 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, in recent 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 | 9 Months Ended |
Sep. 30, 2018 | |
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 September 30, 2018 and December 31, 2017, commitments to extend credit of $2.25 billion and $2.38 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 | 9 Months Ended |
Sep. 30, 2018 | |
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 nine months of 2018, the Company requested approximately $155.5 million in regular dividends from its banking subsidiary. This dividend is equal to approximately 63.0% of the Company’s banking subsidiary’s year-to-date 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 September 30, 2018, the Company meets all capital adequacy requirements to which it is subject. In July 2013, the Federal Reserve Board and the other federal bank regulatory agencies issued a final rule to revise their risk-based and leverage capital requirements and their method for calculating risk-weighted assets to make them consistent with the agreements that were reached by the Basel Committee on Banking Supervision in “Basel III: A Global Regulatory Framework for More Resilient Banks and Banking Systems” and certain provisions of the Dodd-Frank Act (“Basel III”). Basel III applies to all depository institutions, bank holding companies with total consolidated assets of $500 million or more, and savings and loan holding companies. Basel III became effective for the Company and its bank subsidiary on January 1, 2015. The capital conservation buffer requirement began being phased in beginning January 1, 2016 at the 0.625% level and will increase by 0.625% on each subsequent January 1, until it reaches 2.5% on January 1, 2019 when the phase-in Basel III amended the prompt corrective action rules to incorporate a “common equity Tier 1 capital” requirement and to raise the capital requirements for certain capital categories. In order to be adequately capitalized for purposes of the prompt corrective action rules, a banking organization will be required to have at least a 4.5% “common equity Tier 1 risk-based capital” ratio, a 4% “Tier 1 leverage capital” ratio, a 6% “Tier 1 risk-based capital” ratio and an 8% “total risk-based capital” ratio. 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 September 30, 2018, 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 11.65%, 10.38%, 12.25%, and 15.73%, respectively, as of September 30, 2018. |
Additional Cash Flow Informatio
Additional Cash Flow Information | 9 Months Ended |
Sep. 30, 2018 | |
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 approximately $4.2 million in cash. As a result, the Company recorded a bargain purchase gain of $3.8 million. In connection with the Stonegate acquisition, accounted for using the purchase method, the Company acquired approximately $2.89 billion in assets, including $101.0 million in cash and cash equivalents, assumed $2.60 billion in liabilities, issued 30,863,658 shares of its common stock valued at approximately $742.3 million as of September 26, 2017, and paid $50.1 million in cash in exchange for all outstanding shares of Stonegate common stock. In connection with the SPF acquisition, accounted for using the purchase method, the Company acquired approximately $377.0 million in assets, including $376.2 million in loans, issued 1,250,000 shares of its common stock valued at approximately $28.2 million as of June 30, 2018, and paid $377.4 million in cash. The following is a summary of the Company’s additional cash flow information during the nine-month periods ended: September 30, 2018 2017 (In thousands) Interest paid $ 80,057 $ 34,573 Income taxes paid 47,682 117,025 Assets acquired by foreclosure 10,098 9,255 |
Financial Instruments
Financial Instruments | 9 Months Ended |
Sep. 30, 2018 | |
Fair Value Disclosures [Abstract] | |
Financial Instruments | 20. Financial Instruments Fair value is the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. There is a hierarchy of three levels of inputs that may be used to measure fair values: 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 A financial instrument’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. Transfers of financial instruments between levels within the fair value hierarchy are recognized on the date management determines that the underlying circumstances or assumptions have changed. Financial Assets and Liabilities Measured on a Recurring Basis 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. Financial Assets and Liabilities Measured on a Nonrecurring Basis Impaired loans that are collateral dependent are the only material financial assets valued on a non-recurring non-covered non-accrual non-covered non-accrual Nonfinancial Assets and Liabilities Measured on a Nonrecurring Basis Foreclosed assets held for sale are the only material non-financial non-recurring No foreclosed assets held for sale were remeasured during the nine months ended September 30, 2018. Regulatory guidelines require the Company to reevaluate the fair value of foreclosed assets held for sale on at least an annual basis. The Company’s 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 30% for commercial and residential real estate collateral. Fair Values of Financial Instruments The following table presents the estimated fair values of the Company’s financial instruments. Fair value is the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. September 30, 2018 Carrying Fair Value Level (In thousands) Financial assets: Cash and cash equivalents $ 532,057 $ 532,057 1 Federal funds sold 500 500 1 Investment securities – held-to-maturity 199,266 198,552 2 Loans receivable, net of impaired loans and allowance 10,645,129 10,429,379 3 Accrued interest receivable 48,909 48,909 1 Financial liabilities: Deposits: Demand and non-interest-bearing $ 2,482,857 $ 2,482,857 1 Savings and interest-bearing transaction accounts 6,420,951 6,420,951 1 Time deposits 1,720,930 1,696,005 3 Securities sold under agreements to repurchase 142,146 142,146 1 FHLB and other borrowed funds 1,363,851 1,291,287 2 Accrued interest payable 12,383 12,383 1 Subordinated debentures 368,596 374,338 3 December 31, 2017 Carrying Fair Value Level (In thousands) Financial assets: Cash and cash equivalents $ 635,933 $ 635,933 1 Federal funds sold 24,109 24,109 1 Investment securities – held-to-maturity 224,756 227,539 2 Loans receivable, net of impaired loans and allowance 10,148,470 10,055,901 3 Accrued interest receivable 45,708 45,708 1 Financial liabilities: Deposits: Demand and non-interest-bearing $ 2,385,252 $ 2,385,252 1 Savings and interest-bearing transaction accounts 6,476,819 6,476,819 1 Time deposits 1,526,431 1,514,670 3 Securities sold under agreements to repurchase 147,789 147,789 1 FHLB and other borrowed funds 1,299,188 1,299,961 2 Accrued interest payable 5,583 5,583 1 Subordinated debentures 368,031 379,146 3 |
Recent Accounting Pronouncement
Recent Accounting Pronouncements | 9 Months Ended |
Sep. 30, 2018 | |
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 January 2016, the FASB issued ASU 2016-01, Financial Instruments – Overall (Subtopic 825-10): 2016-01 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 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. 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 In October 2016, the FASB issued ASU 2016-16, Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory 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) In January 2017, the FASB issued ASU 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business 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. In March 2017, the FASB issued ASU 2017-08, Receivables – Nonrefundable Fees and Other Costs (Topic 310): Premium Amortization on Purchased Callable Debt Securities In May 2017, the FASB issued ASU 2017-09, Compensation – Stock Compensation (Topic 718): Scope of Modification Accounting 2017-09 2017-09 In July 2017, the FASB issued ASU 2017-11, Earnings Per Share (Topic 260), Distinguishing Liabilities from Equity (Topic 480) and Derivatives and Hedging (Topic 815): I. Accounting for Certain Financial Instruments with Down Round Features; II. Replacement of the Indefinite Deferral for Mandatorily Redeemable Financial Instruments of Certain Nonpublic Entities and Certain Mandatorily Redeemable Non-Controlling Topic 480, Distinguishing Liabilities from Equity non-controlling 2017-11 In August 2017, the FASB issued ASU 2017-12, Derivatives and Hedging (Topic 815) – Targeted Improvements to Accounting for Hedging Activities 2017-12 In February 2018, the FASB issued ASU 2018-02, Income Statement – Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income In February 2018, the FASB issued ASU 2018-03, Technical Corrections and Improvements to Financial Instruments – Overall (Subtopic 825-10): 2018-03 2016-01 • Equity securities without a readily determinable fair value – discontinuation. • Equity securities without a readily determinable fair value – adjustments. • Forward contracts and purchased options. • Presentation requirements for certain fair value option liabilities. • Fair value option liabilities denominated in a foreign currency. • Transition guidance for equity securities without a readily determinable fair value. The amendments in ASU 2018-03 2018-03 2016-01. The In March 2018, the FASB issued ASU 2018-04, Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 117 and SEC Release No. 33-9273 Investments – Debt Securities Regulated Operations 2016-01. In March 2018, the FASB issued ASU 2018-05, Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 118 Income Tax Accounting Implications of the Tax Cuts and Jobs Act In June 2018, the FASB issued ASU 2018-07, Compensation – Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting. In August 2018, the FASB issued ASU No. 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement |
Subsequent Events
Subsequent Events | 9 Months Ended |
Sep. 30, 2018 | |
Subsequent Events [Abstract] | |
Subsequent Events | 22. Subsequent Events Hurricane Michael made landfall in the Florida Panhandle as a Category 4 hurricane on October 10, 2018. The total impact of this hurricane may not be known for some time; however, the Company is currently evaluating the potential impact of this hurricane on the Company’s financial condition and results of operation for the fourth quarter of 2018. |
Nature of Operations and Summ_2
Nature of Operations and Summary of Significant Accounting Policies (Policies) | 9 Months Ended |
Sep. 30, 2018 | |
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 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 banking services and branch locations are considered by management to be aggregated into one reportable operating segment. |
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 September 30, 2018 and 2017 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 2017 Form 10-K, |
Revenue Recognition | Revenue Recognition. Accounting Standards Codification (“ASC”) Topic 606, Revenue from Contracts with Customers non-interest • Service charges on deposit accounts – These represent general service fees for monthly account maintenance and activity or transaction-based fees and consist of transaction-based revenue, time-based revenue (service period), item-based revenue or some other individual attribute-based revenue. Revenue is recognized when our performance obligation is completed which is generally monthly for account maintenance services or when a transaction has been completed (such as a wire transfer). Payment for such performance obligations are generally received at the time the performance obligations are satisfied. • Other service charges and fees – These represent credit card interchange fees and Centennial CFG loan fees. The interchange fees are recorded in the period the performance obligation is satisfied which is generally the cash basis based on agreed upon contracts. The Centennial CFG loan fees are based on loan or other negotiated agreements with customers and are accounted for under ASC Topic 310. • Mortgage lending income – This represents fee income on secondary market lending which is accounted for under ASC Topic 310 and transfer of loans based on a “bid” agreement with the investor which is accounted for under ASC Topic 860, Transfers and Servicing |
Earnings per Share | Earnings per Share Basic earnings per share is computed based on the weighted-average number of shares outstanding during each year. Diluted earnings per share is computed using the weighted-average shares and all potential dilutive shares outstanding during the period. The following table sets forth the computation of basic and diluted earnings per share (“EPS”) for the following periods: Three Months Ended September 30, Nine Months Ended September 30, 2018 2017 2018 2017 (In thousands) Net income $ 80,284 $ 14,821 $ 229,373 $ 111,774 Average shares outstanding 174,440 144,238 173,870 143,111 Effect of common stock options 427 749 524 728 Average diluted shares outstanding 174,867 144,987 174,394 143,839 Basic earnings per share $ 0.46 $ 0.10 $ 1.32 $ 0.78 Diluted earnings per share $ 0.46 $ 0.10 $ 1.32 $ 0.78 |
Fair Value Measurement | Fair value is the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. There is a hierarchy of three levels of inputs that may be used to measure fair values: 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 A financial instrument’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. Transfers of financial instruments between levels within the fair value hierarchy are recognized on the date management determines that the underlying circumstances or assumptions have changed. Financial Assets and Liabilities Measured on a Recurring Basis 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. Financial Assets and Liabilities Measured on a Nonrecurring Basis Impaired loans that are collateral dependent are the only material financial assets valued on a non-recurring non-covered non-accrual non-covered non-accrual Nonfinancial Assets and Liabilities Measured on a Nonrecurring Basis Foreclosed assets held for sale are the only material non-financial non-recurring No foreclosed assets held for sale were remeasured during the nine months ended September 30, 2018. Regulatory guidelines require the Company to reevaluate the fair value of foreclosed assets held for sale on at least an annual basis. The Company’s 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 30% for commercial and residential real estate collateral. Fair Values of Financial Instruments The following table presents the estimated fair values of the Company’s financial instruments. Fair value is the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. September 30, 2018 Carrying Fair Value Level (In thousands) Financial assets: Cash and cash equivalents $ 532,057 $ 532,057 1 Federal funds sold 500 500 1 Investment securities – held-to-maturity 199,266 198,552 2 Loans receivable, net of impaired loans and allowance 10,645,129 10,429,379 3 Accrued interest receivable 48,909 48,909 1 Financial liabilities: Deposits: Demand and non-interest-bearing $ 2,482,857 $ 2,482,857 1 Savings and interest-bearing transaction accounts 6,420,951 6,420,951 1 Time deposits 1,720,930 1,696,005 3 Securities sold under agreements to repurchase 142,146 142,146 1 FHLB and other borrowed funds 1,363,851 1,291,287 2 Accrued interest payable 12,383 12,383 1 Subordinated debentures 368,596 374,338 3 December 31, 2017 Carrying Fair Value Level (In thousands) Financial assets: Cash and cash equivalents $ 635,933 $ 635,933 1 Federal funds sold 24,109 24,109 1 Investment securities – held-to-maturity 224,756 227,539 2 Loans receivable, net of impaired loans and allowance 10,148,470 10,055,901 3 Accrued interest receivable 45,708 45,708 1 Financial liabilities: Deposits: Demand and non-interest-bearing $ 2,385,252 $ 2,385,252 1 Savings and interest-bearing transaction accounts 6,476,819 6,476,819 1 Time deposits 1,526,431 1,514,670 3 Securities sold under agreements to repurchase 147,789 147,789 1 FHLB and other borrowed funds 1,299,188 1,299,961 2 Accrued interest payable 5,583 5,583 1 Subordinated debentures 368,031 379,146 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 January 2016, the FASB issued ASU 2016-01, Financial Instruments – Overall (Subtopic 825-10): 2016-01 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 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. 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 In October 2016, the FASB issued ASU 2016-16, Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory 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) In January 2017, the FASB issued ASU 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business 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. In March 2017, the FASB issued ASU 2017-08, Receivables – Nonrefundable Fees and Other Costs (Topic 310): Premium Amortization on Purchased Callable Debt Securities In May 2017, the FASB issued ASU 2017-09, Compensation – Stock Compensation (Topic 718): Scope of Modification Accounting 2017-09 2017-09 In July 2017, the FASB issued ASU 2017-11, Earnings Per Share (Topic 260), Distinguishing Liabilities from Equity (Topic 480) and Derivatives and Hedging (Topic 815): I. Accounting for Certain Financial Instruments with Down Round Features; II. Replacement of the Indefinite Deferral for Mandatorily Redeemable Financial Instruments of Certain Nonpublic Entities and Certain Mandatorily Redeemable Non-Controlling Topic 480, Distinguishing Liabilities from Equity non-controlling 2017-11 In August 2017, the FASB issued ASU 2017-12, Derivatives and Hedging (Topic 815) – Targeted Improvements to Accounting for Hedging Activities 2017-12 In February 2018, the FASB issued ASU 2018-02, Income Statement – Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income In February 2018, the FASB issued ASU 2018-03, Technical Corrections and Improvements to Financial Instruments – Overall (Subtopic 825-10): 2018-03 2016-01 • Equity securities without a readily determinable fair value – discontinuation. • Equity securities without a readily determinable fair value – adjustments. • Forward contracts and purchased options. • Presentation requirements for certain fair value option liabilities. • Fair value option liabilities denominated in a foreign currency. • Transition guidance for equity securities without a readily determinable fair value. The amendments in ASU 2018-03 2018-03 2016-01. The In March 2018, the FASB issued ASU 2018-04, Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 117 and SEC Release No. 33-9273 Investments – Debt Securities Regulated Operations 2016-01. In March 2018, the FASB issued ASU 2018-05, Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 118 Income Tax Accounting Implications of the Tax Cuts and Jobs Act In June 2018, the FASB issued ASU 2018-07, Compensation – Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting. In August 2018, the FASB issued ASU No. 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement |
Stonegate Bank [Member] | |
Business Combinations | The Company has determined that the acquisition of the net assets of Stonegate 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 $2.37 billion 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, |
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 $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, |
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 Summ_3
Nature of Operations and Summary of Significant Accounting Policies (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
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 September 30, Nine Months Ended September 30, 2018 2017 2018 2017 (In thousands) Net income $ 80,284 $ 14,821 $ 229,373 $ 111,774 Average shares outstanding 174,440 144,238 173,870 143,111 Effect of common stock options 427 749 524 728 Average diluted shares outstanding 174,867 144,987 174,394 143,839 Basic earnings per share $ 0.46 $ 0.10 $ 1.32 $ 0.78 Diluted earnings per share $ 0.46 $ 0.10 $ 1.32 $ 0.78 |
Business Combinations (Tables)
Business Combinations (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Stonegate Bank [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: Stonegate Bank Acquired from Fair Value As Recorded by HBI (Dollars in thousands) Assets Cash and due from banks $ 100,958 $ — $ 100,958 Interest-bearing deposits with other banks 135,631 — 135,631 Federal funds sold 1,515 — 1,515 Investment securities 103,041 474 103,515 Loans receivable 2,446,149 (74,067 ) 2,372,082 Allowance for loan losses (21,507 ) 21,507 — Loans receivable, net 2,424,642 (52,560 ) 2,372,082 Bank premises and equipment, net 38,868 (3,572 ) 35,296 Foreclosed assets held for sale 4,187 (801 ) 3,386 Cash value of life insurance 48,000 — 48,000 Accrued interest receivable 7,088 — 7,088 Deferred tax asset, net 27,340 11,990 39,330 Goodwill 81,452 (81,452 ) — Core deposit and other intangibles 10,505 20,364 30,869 Other assets 9,598 255 9,853 Total assets acquired $ 2,992,825 $ (105,302 ) $ 2,887,523 Liabilities Deposits Demand and non-interest-bearing $ 585,959 $ — $ 585,959 Savings and interest-bearing transaction accounts 1,776,256 — 1,776,256 Time deposits 163,567 (85 ) 163,482 Total deposits 2,525,782 (85 ) 2,525,697 FHLB borrowed funds 32,667 184 32,851 Securities sold under agreements to repurchase 26,163 — 26,163 Accrued interest payable and other liabilities 8,100 (484 ) 7,616 Subordinated debentures 8,345 1,489 9,834 Total liabilities assumed 2,601,057 1,104 2,602,161 Equity Total equity assumed 391,768 (391,768 ) — Total liabilities and equity assumed $ 2,992,825 $ (390,664 ) 2,602,161 Net assets acquired 285,362 Purchase price 792,370 Goodwill $ 507,008 |
Schedule of Unaudited Pro Forma Combined Financial Information | The following schedule represents the unaudited pro forma combined financial information as of the years ended December 31, 2017 and 2016, assuming the acquisition was completed as of January 1, 2017 and 2016, respectively: Years Ended December 31, 2017 2016 (In thousands, except per Total interest income $ 610,697 $ 538,258 Total non-interest 107,179 95,555 Net income available to all shareholders 143,979 206,081 Basic earnings per common share $ 0.79 $ 1.20 Diluted earnings per common share 0.79 1.20 |
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, net — 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 |
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, net 2,286 1,807 4,093 Core deposit and other intangibles 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 |
Investment Securities (Tables)
Investment Securities (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
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 September 30, 2018 Available-for-Sale Amortized Gross Gross Estimated (In thousands) U.S. government-sponsored enterprises $ 427,722 $ 138 $ (7,985 ) $ 419,875 Residential mortgage-backed securities 533,106 294 (15,386 ) 518,014 Commercial mortgage-backed securities 478,409 87 (14,636 ) 463,860 State and political subdivisions 311,117 1,235 (6,202 ) 306,150 Other securities 35,554 1,160 (183 ) 36,531 Total $ 1,785,908 $ 2,914 $ (44,392 ) $ 1,744,430 December 31, 2017 Available-for-Sale Amortized Gross Gross Estimated (In thousands) U.S. government-sponsored enterprises $ 407,387 $ 899 $ (1,982 ) $ 406,304 Residential mortgage-backed securities 481,981 538 (4,919 ) 477,600 Commercial mortgage-backed securities 497,870 332 (4,430 ) 493,772 State and political subdivisions 247,292 3,783 (774 ) 250,301 Other securities 34,617 1,225 (302 ) 35,540 Total $ 1,669,147 $ 6,777 $ (12,407 ) $ 1,663,517 |
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 $ 3,587 $ — $ (87 ) $ 3,500 Residential mortgage-backed securities 47,670 23 (1,395 ) 46,298 Commercial mortgage-backed securities 12,705 — (370 ) 12,335 State and political subdivisions 135,304 1,368 (253 ) 136,419 Total $ 199,266 $ 1,391 $ (2,105 ) $ 198,552 Held-to-Maturity Amortized Gross Gross Estimated (In thousands) U.S. government-sponsored enterprises $ 5,791 $ 15 $ (15 ) $ 5,791 Residential mortgage-backed securities 56,982 107 (402 ) 56,687 Commercial mortgage-backed securities 16,625 114 (40 ) 16,699 State and political subdivisions 145,358 3,031 (27 ) 148,362 Total $ 224,756 $ 3,267 $ (484 ) $ 227,539 |
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 (In thousands) Due in one year or less $ 188,664 $ 185,303 $ 64,821 $ 65,527 Due after one year through five years 997,039 975,767 89,950 89,016 Due after five years through ten years 468,969 455,579 11,773 11,472 Due after ten years 131,236 127,781 32,722 32,537 Total $ 1,785,908 $ 1,744,430 $ 199,266 $ 198,552 |
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 September 30, 2018 Less Than 12 Months 12 Months or More Total Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized (In thousands) U.S. government-sponsored enterprises $ 253,980 $ (3,686 ) $ 135,156 $ (4,386 ) $ 389,136 $ (8,072 ) Residential mortgage-backed securities 212,531 (4,745 ) 315,803 (12,036 ) 528,334 (16,781 ) Commercial mortgage-backed securities 233,726 (6,738 ) 226,854 (8,268 ) 460,580 (15,006 ) State and political subdivisions 174,397 (4,385 ) 42,238 (2,070 ) 216,635 (6,455 ) Other securities — — 9,792 (183 ) 9,792 (183 ) Total $ 874,634 $ (19,554 ) $ 729,843 $ (26,943 ) $ 1,604,477 $ (46,497 ) December 31, 2017 Less Than 12 Months 12 Months or More Total Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized (In thousands) U.S. government-sponsored enterprises $ 234,213 $ (1,288 ) $ 40,122 $ (709 ) $ 274,335 $ (1,997 ) Residential mortgage-backed securities 389,541 (3,656 ) 99,989 (1,665 ) 489,530 (5,321 ) Commercial mortgage-backed securities 314,301 (2,343 ) 120,365 (2,127 ) 434,666 (4,470 ) State and political subdivisions 41,299 (331 ) 20,980 (470 ) 62,279 (801 ) Other securities — — 9,852 (302 ) 9,852 (302 ) Total $ 979,354 $ (7,618 ) $ 291,308 $ (5,273 ) $ 1,270,662 $ (12,891 ) |
Schedule of Income Earned on Securities | Income earned on securities for the three and nine months ended September 30, 2018 and 2017, is as follows: Three Months Ended September 30, Nine Months Ended September 30, 2018 2017 2018 2017 Taxable: (In thousands) Available-for-sale $ 8,578 $ 6,527 $ 25,571 $ 17,001 Held-to-maturity 433 544 1,389 1,982 Non-taxable: Available-for-sale 2,205 1,627 6,006 4,757 Held-to-maturity 1,222 1,405 3,795 4,185 Total $ 12,438 $ 10,103 $ 36,761 $ 27,925 |
Loans Receivable (Tables)
Loans Receivable (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Receivables [Abstract] | |
Summary of Various Categories of Loans Receivable | The various categories of loans receivable are summarized as follows: September 30, December 31, (In thousands) Real estate: Commercial real estate loans Non-farm/non-residential $ 4,685,827 $ 4,600,117 Construction/land development 1,550,910 1,700,491 Agricultural 72,930 82,229 Residential real estate loans Residential 1-4 1,982,666 1,970,311 Multifamily residential 608,608 441,303 Total real estate 8,900,941 8,794,451 Consumer 428,192 46,148 Commercial and industrial 1,303,841 1,297,397 Agricultural 58,644 49,815 Other 141,197 143,377 Total loans receivable $ 10,832,815 $ 10,331,188 |
Allowance for Loan Losses, Cr_2
Allowance for Loan Losses, Credit Quality and Other (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
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: Nine Months Ended September 30, 2018 Allowance for loan losses: (In thousands) Beginning balance $ 110,266 Loans charged off (7,173 ) Recoveries of loans previously charged off 2,776 Net loans recovered (charged off) (4,397 ) Provision for loan losses 4,322 Balance, September 30, 2018 $ 110,191 |
Balance of Allowance for Loan Losses | The following tables present the balance in the allowance for loan losses for the three and nine-month period ended September 30, 2018, and the allowance for loan losses and recorded investment in loans based on portfolio segment by impairment method as of September 30, 2018. 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 September 30, 2018 Construction/ Land Other Commercial Residential Real Estate Commercial & Industrial Consumer & Other Unallocated Total Allowance for loan losses: (In thousands) Beginning balance $ 20,243 $ 45,985 $ 24,205 $ 16,193 $ 3,518 $ 1,372 $ 111,516 Loans charged off (337 ) (144 ) (608 ) (744 ) (668 ) — (2,501 ) Recoveries of loans previously charged off 90 195 309 251 331 — 1,176 Net loans recovered (charged off) (247 ) 51 (299 ) (493 ) (337 ) — (1,325 ) Provision for loan losses (982 ) (683 ) 193 (1,923 ) 479 2,916 — Balance, September 30 $ 19,014 $ 45,353 $ 24,099 $ 13,777 $ 3,660 $ 4,288 $ 110,191 Nine Months Ended September 30, 2018 Construction/ Land Other Commercial Residential Real Estate Commercial & Industrial Consumer & Other Unallocated Total Allowance for loan losses: (In thousands) Beginning balance $ 20,343 $ 43,939 $ 24,506 $ 15,292 $ 3,334 $ 2,852 $ 110,266 Loans charged off (399 ) (981 ) (2,339 ) (1,816 ) (1,638 ) — (7,173 ) Recoveries of loans previously charged off 209 383 844 568 772 — 2,776 Net loans recovered (charged off) (190 ) (598 ) (1,495 ) (1,248 ) (866 ) — (4,397 ) Provision for loan losses (1,139 ) 2,012 1,088 (267 ) 1,192 1,436 4,322 Balance, September 30 $ 19,014 $ 45,353 $ 24,099 $ 13,777 $ 3,660 $ 4,288 $ 110,191 As of September 30, 2018 Construction/ Land Other Commercial Residential Real Estate Commercial & Industrial Consumer & Other Unallocated Total Allowance for loan losses: (In thousands) Period end amount allocated to: Loans individually evaluated for impairment $ 854 $ 533 $ 115 $ 9 $ — $ — $ 1,511 Loans collectively evaluated for impairment 18,150 44,590 23,355 13,672 3,660 4,288 107,715 Loans evaluated for impairment balance, September 30 19,004 45,123 23,470 13,681 3,660 4,288 109,226 Purchased credit impaired loans 10 230 629 96 — — 965 Balance, September 30 $ 19,014 $ 45,353 $ 24,099 $ 13,777 $ 3,660 $ 4,288 $ 110,191 Loans receivable: Period end amount allocated to: Loans individually evaluated for impairment $ 14,876 $ 60,572 $ 19,933 $ 30,716 $ 2,064 $ — $ 128,161 Loans collectively evaluated for impairment 1,526,689 4,613,352 2,534,630 1,256,796 623,747 — 10,555,214 Loans evaluated for impairment balance, September 30 1,541,565 4,673,924 2,554,563 1,287,512 625,811 — 10,683,375 Purchased credit impaired loans 9,345 84,833 36,711 16,329 2,222 — 149,440 Balance, September 30 $ 1,550,910 $ 4,758,757 $ 2,591,274 $ 1,303,841 $ 628,033 $ — $ 10,832,815 The following tables present the balances in the allowance for loan losses for the nine-month period ended September 30, 2017 and the year ended December 31, 2017, and the allowance for loan losses and recorded investment in loans receivable based on portfolio segment by impairment method as of December 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. Year Ended December 31, 2017 Construction/ Land Other Commercial Residential Real Estate Commercial & Industrial Consumer & Other Unallocated Total Allowance for loan losses: (In thousands) Beginning balance $ 11,522 $ 28,188 $ 16,517 $ 12,756 $ 4,188 $ 6,831 $ 80,002 Loans charged off (326 ) (1,655 ) (2,288 ) (779 ) (1,063 ) — (6,111 ) Recoveries of loans previously charged off 227 710 254 252 503 — 1,946 Net loans recovered (charged off) (99 ) (945 ) (2,034 ) (527 ) (560 ) — (4,165 ) Provision for loan losses 1,419 600 3,232 599 (565 ) (984 ) 4,301 Balance, September 30 12,842 27,843 17,715 12,828 3,063 5,847 80,138 Loans charged off (1,306 ) (2,094 ) (1,692 ) (4,799 ) (1,469 ) — (11,360 ) Recoveries of loans previously charged off 235 332 422 212 338 — 1,539 Net loans recovered (charged off) (1,071 ) (1,762 ) (1,270 ) (4,587 ) (1,131 ) — (9,821 ) Provision for loan losses 8,572 17,858 8,061 7,051 1,402 (2,995 ) 39,949 Balance, December 31 $ 20,343 $ 43,939 $ 24,506 $ 15,292 $ 3,334 $ 2,852 $ 110,266 As of December 31, 2017 Construction/ Land Other Commercial Residential Real Estate Commercial & Industrial Consumer & Other Unallocated Total Allowance for loan losses: (In thousands) Period end amount allocated to: Loans individually evaluated for impairment $ 1,378 $ 768 $ 188 $ 843 $ 7 $ — $ 3,184 Loans collectively evaluated for impairment 18,954 42,824 23,341 14,290 3,310 2,852 105,571 Loans evaluated for impairment balance, December 31 20,332 43,592 23,529 15,133 3,317 2,852 108,755 Purchased credit impaired loans 11 347 977 159 17 — 1,511 Balance, December 31 $ 20,343 $ 43,939 $ 24,506 $ 15,292 $ 3,334 $ 2,852 $ 110,266 Loans receivable: Period end amount allocated to: Loans individually evaluated for impairment $ 26,860 $ 124,124 $ 20,431 $ 21,867 $ 500 $ — $ 193,782 Loans collectively evaluated for impairment 1,658,519 4,442,201 2,341,081 1,261,161 236,392 — 9,939,354 Loans evaluated for impairment balance, December 31 1,685,379 4,566,325 2,361,512 1,283,028 236,892 — 10,133,136 Purchased credit impaired loans 15,112 116,021 50,102 14,369 2,448 — 198,052 Balance, December 31 $ 1,700,491 $ 4,682,346 $ 2,411,614 $ 1,297,397 $ 239,340 $ — $ 10,331,188 |
Summary of Aging Analysis for Loans Receivable | The following is an aging analysis for loans receivable as of September 30, 2018 and December 31, 2017: September 30, 2018 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 Real estate: (In thousands) Commercial real estate loans Non-farm/non-residential $ 6,496 $ 4,411 $ 22,628 $ 33,535 $ 4,652,292 $ 4,685,827 $ 11,405 Construction/land development 803 584 8,517 9,904 1,541,006 1,550,910 3,551 Agricultural — — 30 30 72,900 72,930 — Residential real estate loans Residential 1-4 9,141 2,441 15,821 27,403 1,955,263 1,982,666 1,509 Multifamily residential 482 — 983 1,465 607,143 608,608 — Total real estate 16,922 7,436 47,979 72,337 8,828,604 8,900,941 16,465 Consumer 784 73 2,004 2,861 425,331 428,192 1,796 Commercial and industrial 4,868 384 6,449 11,701 1,292,140 1,303,841 2,006 Agricultural and other 1,260 23 33 1,316 198,525 199,841 — Total $ 23,834 $ 7,916 $ 56,465 $ 88,215 $ 10,744,600 $ 10,832,815 $ 20,267 December 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 Real estate: (In thousands) Commercial real estate loans Non-farm/non-residential $ 6,331 $ 1,480 $ 12,719 $ 20,530 $ 4,579,587 $ 4,600,117 $ 3,119 Construction/land development 834 13 8,258 9,105 1,691,386 1,700,491 3,247 Agricultural — 221 19 240 81,989 82,229 — Residential real estate loans Residential 1-4 9,066 2,013 16,612 27,691 1,942,620 1,970,311 2,175 Multifamily residential — — 253 253 441,050 441,303 100 Total real estate 16,231 3,727 37,861 57,819 8,736,632 8,794,451 8,641 Consumer 252 51 171 474 45,674 46,148 26 Commercial and industrial 2,073 1,030 6,528 9,631 1,287,766 1,297,397 1,944 Agricultural and other 288 113 137 538 192,654 193,192 54 Total $ 18,844 $ 4,921 $ 44,697 $ 68,462 $ 10,262,726 $ 10,331,188 $ 10,665 |
Summary of Impaired Loans | The following is a summary of the impaired loans as of September 30, 2018 and December 31, 2017: September 30, 2018 Three Months Ended Nine Months Ended Unpaid Total Allocation of Allowance Average Interest Recognized Average Interest Recognized Loans without a specific valuation allowance (In thousands) Real estate: Commercial real estate loans Non-farm/non-residential $ 44 $ 44 $ — $ 36 $ 1 $ 33 $ 2 Construction/land development 18 18 — 18 — 30 1 Agricultural 13 13 — 14 — 16 1 Residential real estate loans Residential 1-4 286 286 — 237 5 186 14 Multifamily residential — — — — — — — Total real estate 361 361 — 305 6 265 18 Consumer 27 28 — 29 1 23 2 Commercial and industrial 202 202 — 225 3 189 8 Agricultural and other — — — — — — — Total loans without a specific valuation allowance 590 591 — 559 10 477 28 Loans with a specific valuation allowance Real estate: Commercial real estate loans Non-farm/non-residential 41,299 37,365 524 37,770 375 33,965 1,107 Construction/land development 13,509 12,446 854 12,614 75 12,398 234 Agricultural 299 303 9 410 4 412 14 Residential real estate loans Residential 1-4 19,248 17,241 67 17,678 51 18,639 429 Multifamily residential 2,405 2,405 48 2,561 16 2,116 66 Total real estate 76,760 69,760 1,502 71,033 521 67,530 1,850 Consumer 2,245 2,003 — 1,092 24 638 42 Commercial and industrial 10,269 6,619 9 8,276 35 11,361 223 Agricultural and other 33 33 — 103 — 174 3 Total loans with a specific valuation allowance 89,307 78,415 1,511 80,504 580 79,703 2,118 Total impaired loans Real estate: Commercial real estate loans Non-farm/non-residential 41,343 37,409 524 37,806 376 33,998 1,109 Construction/land development 13,527 12,464 854 12,632 75 12,428 235 Agricultural 312 316 9 424 4 428 15 Residential real estate loans Residential 1-4 19,534 17,527 67 17,915 56 18,825 443 Multifamily residential 2,405 2,405 48 2,561 16 2,116 66 Total real estate 77,121 70,121 1,502 71,338 527 67,795 1,868 Consumer 2,272 2,031 — 1,121 25 661 44 Commercial and industrial 10,471 6,821 9 8,501 38 11,550 231 Agricultural and other 33 33 — 103 — 174 3 Total impaired loans $ 89,897 $ 79,006 $ 1,511 $ 81,063 $ 590 $ 80,180 $ 2,146 Note 310-30. December 31, 2017 Year Ended Unpaid Total Allocation of Allowance Average Interest Recognized Loans without a specific valuation allowance (In thousands) Real estate: Commercial real estate loans Non-farm/non-residential $ 29 $ 29 $ — $ 23 $ 2 Construction/land development 64 64 — 31 3 Agricultural 19 — — — 1 Residential real estate loans Residential 1-4 115 115 — 135 7 Multifamily residential — — — — — Total real estate 227 208 — 189 13 Consumer 18 — — — 1 Commercial and industrial 105 105 — 85 7 Agricultural and other — — — — — Total loans without a specific valuation allowance 350 313 — 274 21 Loans with a specific valuation allowance Real estate: Commercial real estate loans Non-farm/non-residential 29,666 29,040 757 41,772 1,498 Construction/land development 12,976 12,157 1,378 10,556 262 Agricultural 281 303 11 268 11 Residential real estate loans Residential 1-4 19,770 18,689 124 22,347 363 Multifamily residential 1,627 1,627 64 1,412 81 Total real estate 64,320 61,816 2,334 76,355 2,215 Consumer 179 191 — 163 — Commercial and industrial 16,777 13,007 843 9,726 121 Agricultural and other 297 309 7 644 8 Total loans with a specific valuation allowance 81,573 75,323 3,184 86,888 2,344 Total impaired loans Real estate: Commercial real estate loans Non-farm/non-residential 29,695 29,069 757 41,795 1,500 Construction/land development 13,040 12,221 1,378 10,587 265 Agricultural 300 303 11 268 12 Residential real estate loans Residential 1-4 19,885 18,804 124 22,482 370 Multifamily residential 1,627 1,627 64 1,412 81 Total real estate 64,547 62,024 2,334 76,544 2,228 Consumer 197 191 — 163 1 Commercial and industrial 16,882 13,112 843 9,811 128 Agricultural and other 297 309 7 644 8 Total impaired loans $ 81,923 $ 75,636 $ 3,184 $ 87,162 $ 2,365 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) September 30, 2018 Risk Rated 6 Risk Rated 7 Risk Rated 8 Classified Total Real estate: (In thousands) Commercial real estate loans Non-farm/non-residential $ 41,424 $ 484 $ — $ 41,908 Construction/land development 14,502 860 — 15,362 Agricultural 315 3 — 318 Residential real estate loans Residential 1-4 23,782 253 — 24,035 Multifamily residential 983 — — 983 Total real estate 81,006 1,600 — 82,606 Consumer 1,117 1 — 1,118 Commercial and industrial 11,237 881 — 12,118 Agricultural and other 50 — — 50 Total risk rated loans $ 93,410 $ 2,482 $ — $ 95,892 December 31, 2017 Risk Rated 6 Risk Rated 7 Risk Rated 8 Classified Total Real estate: (In thousands) Commercial real estate loans Non-farm/non-residential $ 20,933 $ 518 $ — $ 21,451 Construction/land development 24,013 204 — 24,217 Agricultural 321 — — 321 Residential real estate loans Residential 1-4 23,420 564 — 23,984 Multifamily residential 939 — — 939 Total real estate 69,626 1,286 — 70,912 Consumer 159 9 — 168 Commercial and industrial 12,818 80 — 12,898 Agricultural and other 136 — — 136 Total risk rated loans $ 82,739 $ 1,375 $ — $ 84,114 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 September 30, 2018 and December 31, 2017: September 30, 2018 Risk Rated 1 Risk Rated 2 Risk Rated 3 Risk Rated 4 Risk Rated 5 Classified Total Total Real estate: (In thousands) Commercial real estate loans Non-farm/non-residential $ 993 $ 299 $ 2,660,482 $ 1,863,651 $ 33,857 $ 41,908 $ 4,601,190 Construction/land development 20 736 261,009 1,263,515 923 15,362 1,541,565 Agricultural — — 35,336 36,099 981 318 72,734 Residential real estate loans Residential 1-4 770 750 1,454,690 461,225 7,536 24,035 1,949,006 Multifamily residential — — 398,294 206,280 — 983 605,557 Total real estate 1,783 1,785 4,809,811 3,830,770 43,297 82,606 8,770,052 Consumer 13,051 995 397,060 13,617 129 1,118 425,970 Commercial and industrial 21,669 8,805 589,856 624,100 30,964 12,118 1,287,512 Agricultural and other 1,045 3,388 134,301 60,520 537 50 199,841 Total risk rated loans $ 37,548 $ 14,973 $ 5,931,028 $ 4,529,007 $ 74,927 $ 95,892 10,683,375 Purchased credit impaired loans 149,440 Total loans receivable $ 10,832,815 December 31, 2017 Risk Rated 1 Risk Rated 2 Risk Rated 3 Risk Rated 4 Risk Rated 5 Classified Total Total Real estate: (In thousands) Commercial real estate loans Non-farm/non-residential $ 1,015 $ 558 $ 2,595,844 $ 1,745,778 $ 119,656 $ 21,451 $ 4,484,302 Construction/land development 28 583 280,980 1,373,133 6,438 24,217 1,685,379 Agricultural — 19 53,018 27,515 1,150 321 82,023 Residential real estate loans Residential 1-4 1,140 969 1,414,849 475,619 11,658 23,984 1,928,219 Multifamily residential — — 329,070 103,071 213 939 433,293 Total real estate 2,183 2,129 4,673,761 3,725,116 139,115 70,912 8,613,216 Consumer 13,106 808 22,479 8,532 70 168 45,163 Commercial and industrial 20,870 7,543 627,316 592,088 22,313 12,898 1,283,028 Agricultural and other 1,986 3,914 147,323 38,370 — 136 191,729 Total risk rated loans $ 38,145 $ 14,394 $ 5,470,879 $ 4,364,106 $ 161,498 $ 84,114 10,133,136 Purchased credit impaired loans 198,052 Total loans receivable $ 10,331,188 |
Presentation of Troubled Debt Restructurings ("TDRs") by Class | The following is a presentation of troubled debt restructurings (“TDRs”) by class as of September 30, 2018 and December 31, 2017: September 30, 2018 Number of Loans Pre- Modification Rate Modification Term Modification Rate & Term Modification Post- Real estate: (Dollars in thousands) Commercial real estate loans Non-farm/non-residential 16 $ 16,018 $ 8,177 $ 742 $ 4,494 $ 13,413 Construction/land development 3 641 546 69 — 615 Agricultural 2 345 283 16 — 299 Residential real estate loans Residential 1-4 24 4,494 1,105 353 1,035 2,493 Multifamily residential 3 1,701 1,281 — 287 1,568 Total real estate 48 23,199 11,392 1,180 5,816 18,388 Consumer 4 36 17 11 — 28 Commercial and industrial 13 1,062 396 105 — 501 Total 65 $ 24,297 $ 11,805 $ 1,296 $ 5,816 $ 18,917 December 31, 2017 Number of Loans Pre- Modification Rate Modification Term Modification Rate & Term Modification Post- Real estate: (Dollars in thousands) Commercial real estate loans Non-farm/non-residential 16 $ 16,853 $ 8,815 $ 250 $ 5,513 $ 14,578 Construction/land development 5 782 689 75 — 764 Agricultural 2 345 282 22 — 304 Residential real estate loans Residential 1-4 21 5,607 1,926 81 1,238 3,245 Multifamily residential 3 1,701 1,340 — 287 1,627 Total real estate 47 25,288 13,052 428 7,038 20,518 Consumer 3 19 — 18 — 18 Commercial and industrial 11 951 445 50 1 496 Agricultural and other 1 166 166 — — 166 Total 62 $ 26,424 $ 13,663 $ 496 $ 7,039 $ 21,198 |
Presentation of TDR's on Non-Accrual Status | The following is a presentation of TDRs on non-accrual September 30, 2018 December 31, 2017 Number Recorded Number Recorded Real estate: (Dollars in thousands) Commercial real estate loans Non-farm/non-residential 3 $ 758 2 $ 1,161 Agricultural 1 16 1 22 Residential real estate loans Residential 1-4 9 787 8 850 Multifamily residential 1 146 1 153 Total real estate 14 1,707 12 2,186 Commercial and industrial 6 128 1 — Total 20 $ 1,835 13 $ 2,186 |
Summary of Total Foreclosed Assets | The following is a presentation of total foreclosed assets as of September 30, 2018 and December 31, 2017: September 30, December 31, (In thousands) Commercial real estate loans Non-farm/non-residential $ 5,858 $ 9,766 Construction/land development 3,539 5,920 Agriculture 155 Residential real estate loans Residential 1-4 3,885 2,654 Multifamily residential 70 527 Total foreclosed assets held for sale $ 13,507 $ 18,867 |
Summary of Purchased Credit Impaired Loans Acquired | The following is a summary of the purchased credit impaired loans acquired in the SPF, GHI, BOC and Stonegate acquisitions as of the dates of acquisition: SPF GHI BOC Stonegate (In thousands) Contractually required principal and interest at acquisition $ 3,496 $ 22,379 $ 18,586 $ 98,444 Non-accretable 285 4,462 2,811 23,297 Cash flows expected to be collected at acquisition 3,211 17,917 15,775 75,147 Accretable yield 808 2,071 1,043 11,761 Basis in purchased credit impaired loans at acquisition $ 2,403 $ 15,846 $ 14,732 $ 63,386 |
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 nine-month period ended September 30, 2018 for the Company’s acquisitions: Accretable Carrying (In thousands) Balance at beginning of period $ 41,803 $ 198,052 Reforecasted future interest payments for loan pools (459 ) — Contractual accretion recorded to interest income (13,206 ) 13,206 Acquisitions 808 2,403 Adjustment to yield 8,519 — Transfers to foreclosed assets held for sale — (2,156 ) Payments received, net — (62,065 ) Balance at end of period $ 37,465 $ 149,440 |
Goodwill and Core Deposits an_2
Goodwill and Core Deposits and Other Intangibles (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
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 September 30, 2018 and December 31, 2017, were as follows: September 30, December 31, Goodwill (In thousands) Balance, beginning of period $ 927,949 $ 377,983 Acquisitions 30,459 549,966 Balance, end of period $ 958,408 $ 927,949 September 30, December 31, Core Deposit and Other Intangibles (In thousands) Balance, beginning of period $ 49,351 $ 18,311 Acquisition — 35,247 Amortization expense (4,867 ) (2,576 ) Balance, September 30 $ 44,484 50,982 Acquisitions — Amortization expense (1,631 ) Balance, end of year $ 49,351 |
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 September 30, 2018 and December 31, 2017 were: September 30, December 31, (In thousands) Gross carrying basis $ 86,625 $ 86,625 Accumulated amortization (42,141 ) (37,274 ) Net carrying amount $ 44,484 $ 49,351 |
Securities Sold Under Agreeme_2
Securities Sold Under Agreements to Repurchase (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
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 September 30, 2018 and December 31, 2017 is presented in the following tables: September 30, 2018 Overnight and Up to 30 30-90 Days Greater than Total (In thousands) Securities sold under agreements to repurchase: U.S. government-sponsored enterprises $ 26,134 $ — $ — $ — $ 26,134 Mortgage-backed securities 9,694 — — — 9,694 State and political subdivisions 90,715 — — — 90,715 Other securities 15,603 — — — 15,603 Total borrowings $ 142,146 $ — $ — $ — $ 142,146 December 31, 2017 Overnight and Up to 30 30-90 Days Greater than Total (In thousands) Securities sold under agreements to repurchase: U.S. government-sponsored enterprises $ 11,525 $ — $ — $ 10,000 $ 21,525 Mortgage-backed securities 21,255 — — — 21,255 State and political subdivisions 85,428 — — — 85,428 Other securities 19,581 — — — 19,581 Total borrowings $ 137,789 $ — $ — $ 10,000 $ 147,789 |
Subordinated Debentures (Tables
Subordinated Debentures (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Brokers and Dealers [Abstract] | |
Preferred Trust Securities and Subordinated Debentures | Subordinated debentures at September 30, 2018 and December 31, 2017 consisted of guaranteed payments on trust preferred securities with the following components: As of September 30, As of (In thousands) Trust preferred securities 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 Subordinated debentures, issued in 2005, due 2035, floating rate of 2.15% above the three-month LIBOR rate, reset quarterly, currently callable without penalty 4,341 4,304 Subordinated debentures, issued in 2006, due 2036, fixed rate of 7.38% during the first five years and at a floating rate of 1.62% above the three-month LIBOR rate, reset quarterly, thereafter, currently callable without penalty 5,638 5,569 Subordinated debt securities Subordinated notes, net of issuance costs, issued in 2017, due 2027, fixed rate of 5.625% during the first five years and at a floating rate of 3.575% above the then three-month LIBOR rate, reset quarterly, thereafter, callable in 2022 without penalty 297,791 297,332 Total $ 368,596 $ 368,031 |
Income Taxes (Tables)
Income Taxes (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
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 and nine-month periods ended September 30, 2018 and 2017: Three Months Ended September 30, Nine Months Ended September 30, 2018 2017 2018 2017 (In thousands) Current: Federal $ 17,999 $ 17,289 $ 44,354 $ 65,958 State 5,958 3,434 14,683 13,101 Total current 23,957 20,723 59,037 79,059 Deferred: Federal 1,047 (11,002 ) 10,964 (13,238 ) State 346 (2,185 ) 3,629 (2,629 ) Total deferred 1,393 (13,187 ) 14,593 (15,867 ) Income tax expense $ 25,350 $ 7,536 $ 73,630 $ 63,192 |
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 and nine-month periods ended September 30, 2018 and 2017: Three Months Ended Nine Months Ended 2018 2017 2018 2017 Statutory federal income tax rate 21.00 % 35.00 % 21.00 % 35.00 % Effect of non-taxable (0.84 ) (4.48 ) (0.80 ) (1.82 ) Effect of gain on acquisitions — — — (0.76 ) Stock compensation (0.12 ) (0.09 ) (0.18 ) (0.49 ) State income taxes, net of federal benefit 3.30 3.91 3.60 4.01 Other 0.66 (0.63 ) 0.68 0.18 Effective income tax rate 24.00 % 33.71 % 24.30 % 36.12 % |
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: September 30, December 31, (In thousands) Deferred tax assets: Allowance for loan losses $ 30,023 $ 29,515 Deferred compensation 2,868 1,142 Stock compensation 3,674 2,731 Real estate owned 1,419 1,731 Unrealized loss on securities available-for-sale 11,118 1,471 Loan discounts 25,144 32,784 Tax basis premium/discount on acquisitions 8,387 8,802 Investments 1,008 1,155 Other 10,552 11,663 Gross deferred tax assets 94,193 90,994 Deferred tax liabilities: Accelerated depreciation on premises and equipment 1,157 291 Core deposit intangibles 10,163 11,258 FHLB dividends 1,712 1,625 Other 1,613 1,256 Gross deferred tax liabilities 14,645 14,430 Net deferred tax assets $ 79,548 $ 76,564 |
Common Stock, Compensation Pl_2
Common Stock, Compensation Plans and Other (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Equity [Abstract] | |
Summary of Stock Option Transactions under Incentive Plan (Split Adjusted) | The table below summarizes the stock option transactions under the Plan at September 30, 2018 and December 31, 2017 and changes during the nine-month period and year then ended: For the Nine Months For the Year Ended December 31, 2017 Shares Weighted- Shares Weighted- Outstanding, beginning of year 2,274 $ 16.23 2,397 $ 15.19 Granted 1,576 23.24 80 25.96 Forfeited/Expired (37 ) 22.30 — — Exercised (177 ) 9.42 (203 ) 7.82 Outstanding, end of period 3,636 19.54 2,274 16.23 Exercisable, end of period 1,171 15.10 1,016 $ 13.55 |
Summary of Stock Options on Valuation Assumptions | 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 Nine For the Year Ended Expected dividend yield 2.05 % 1.39 % Expected stock price volatility 25.59 % 28.47 % Risk-free interest rate 2.82 % 2.06 % Expected life of options 6.5 years 6.5 years |
Summary of Currently Outstanding and Exercisable Options (Split Adjusted) | The following is a summary of currently outstanding and exercisable options at September 30, 2018: Options Outstanding Options Exercisable Exercise Prices Options Outstanding Shares (000) Weighted- Average Remaining Contractual Life (in years) Weighted- Average Exercise Price Options Exercisable Shares (000) Weighted- Average Exercise Price $2.10 to $2.66 12 0.73 2.60 12 2.60 $5.68 to $6.56 89 3.22 6.54 89 6.54 $8.62 to $9.54 259 4.41 9.04 259 9.04 $14.71 to $16.86 252 6.02 15.97 168 16.05 $17.12 to $17.40 195 6.15 17.20 118 17.22 $18.46 1,010 6.90 18.46 433 18.46 $20.16 to $20.58 68 7.02 20.41 28 20.34 $21.25 to $22.22 230 8.51 21.71 48 21.25 $22.70 to $23.51 1,441 9.81 23.32 — — $25.96 80 8.56 25.96 16 25.96 3,636 1,171 |
Summary of Company's Restricted Stock Issued and Outstanding | The table below summarized the activity for the Company’s restricted stock issued and outstanding at September 30, 2018 and December 31, 2017 and changes during the period and year then ended: As of September 30, As of December 31, (In thousands) Beginning of year 1,145 958 Issued 1,005 232 Vested (229 ) (45 ) Forfeited (49 ) — End of period 1,872 1,145 Amount of expense for nine months and twelve months ended, respectively $ 5,153 $ 5,237 |
Non-Interest Expense (Tables)
Non-Interest Expense (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Text Block [Abstract] | |
Components of Non-Interest Expense | The table below shows the components of non-interest Three Months Ended Nine Months Ended 2018 2017 2018 2017 (In thousands) Salaries and employee benefits $ 37,825 $ 28,510 $ 107,315 $ 83,965 Occupancy and equipment 8,148 7,887 25,650 21,602 Data processing expense 3,461 2,853 10,786 8,439 Other operating expenses: Advertising 1,154 795 3,258 2,305 Merger and acquisition expenses — 18,227 — 25,743 Amortization of intangibles 1,617 906 4,867 2,576 Electronic banking expense 1,947 1,712 5,653 4,885 Directors’ fees 314 309 962 946 Due from bank service charges 253 472 714 1,348 FDIC and state assessment 2,293 1,293 6,689 3,763 Insurance 762 577 2,363 1,698 Legal and accounting 761 698 2,397 1,799 Other professional fees 1,748 1,436 4,988 3,822 Operating supplies 510 432 1,712 1,376 Postage 311 280 978 861 Telephone 337 305 1,081 1,027 Other expense 4,682 4,154 13,318 10,835 Total other operating expenses 16,689 31,596 48,980 62,984 Total non-interest $ 66,123 $ 70,846 $ 192,731 $ 176,990 |
Additional Cash Flow Informat_2
Additional Cash Flow Information (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
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 nine-month periods ended: September 30, 2018 2017 (In thousands) Interest paid $ 80,057 $ 34,573 Income taxes paid 47,682 117,025 Assets acquired by foreclosure 10,098 9,255 |
Financial Instruments (Tables)
Financial Instruments (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Fair Value Disclosures [Abstract] | |
Estimated Fair Values of Financial Instruments | The following table presents the estimated fair values of the Company’s financial instruments. Fair value is the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. September 30, 2018 Carrying Fair Value Level (In thousands) Financial assets: Cash and cash equivalents $ 532,057 $ 532,057 1 Federal funds sold 500 500 1 Investment securities – held-to-maturity 199,266 198,552 2 Loans receivable, net of impaired loans and allowance 10,645,129 10,429,379 3 Accrued interest receivable 48,909 48,909 1 Financial liabilities: Deposits: Demand and non-interest-bearing $ 2,482,857 $ 2,482,857 1 Savings and interest-bearing transaction accounts 6,420,951 6,420,951 1 Time deposits 1,720,930 1,696,005 3 Securities sold under agreements to repurchase 142,146 142,146 1 FHLB and other borrowed funds 1,363,851 1,291,287 2 Accrued interest payable 12,383 12,383 1 Subordinated debentures 368,596 374,338 3 December 31, 2017 Carrying Fair Value Level (In thousands) Financial assets: Cash and cash equivalents $ 635,933 $ 635,933 1 Federal funds sold 24,109 24,109 1 Investment securities – held-to-maturity 224,756 227,539 2 Loans receivable, net of impaired loans and allowance 10,148,470 10,055,901 3 Accrued interest receivable 45,708 45,708 1 Financial liabilities: Deposits: Demand and non-interest-bearing $ 2,385,252 $ 2,385,252 1 Savings and interest-bearing transaction accounts 6,476,819 6,476,819 1 Time deposits 1,526,431 1,514,670 3 Securities sold under agreements to repurchase 147,789 147,789 1 FHLB and other borrowed funds 1,299,188 1,299,961 2 Accrued interest payable 5,583 5,583 1 Subordinated debentures 368,031 379,146 3 |
Nature of Operations and Summ_4
Nature of Operations and Summary of Significant Accounting Policies - Additional Information (Detail) | 9 Months Ended |
Sep. 30, 2018Segments | |
Accounting Policies [Abstract] | |
Number of Reportable Segments | 1 |
Nature of Operations and Summ_5
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 | 12 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | Dec. 31, 2017 | |
Earnings Per Share [Abstract] | |||||
Net income | $ 80,284 | $ 14,821 | $ 229,373 | $ 111,774 | $ 23,309 |
Average shares outstanding | 174,440 | 144,238 | 173,870 | 143,111 | |
Effect of common stock options | 427 | 749 | 524 | 728 | |
Average diluted shares outstanding | 174,867 | 144,987 | 174,394 | 143,839 | |
Basic earnings per share | $ 0.46 | $ 0.10 | $ 1.32 | $ 0.78 | |
Diluted earnings per share | $ 0.46 | $ 0.10 | $ 1.32 | $ 0.78 |
Business Combinations - Acquisi
Business Combinations - Acquisition of Shore Premier Finance - Additional Information (Detail) - USD ($) $ in Thousands | Jun. 30, 2018 | Sep. 30, 2018 | Dec. 31, 2017 |
Business Acquisition [Line Items] | |||
Goodwill | $ 30,459 | $ 549,966 | |
Shore Premier Finance [Member] | |||
Business Acquisition [Line Items] | |||
Business acquisition date | Jun. 30, 2018 | ||
Business combination consideration paid | $ 377,400 | ||
Business combination, common stock issued, shares | 1,250,000 | ||
Business combination, common stock issued, value | $ 28,200 | ||
Business combination, recognized identifiable assets acquired, Total Assets | 377,000 | ||
Business combination, recognized identifiable liabilities assumed, Loans | 376,200 | ||
Business combination, recognized identifiable assets acquired, Total Liabilities | 1,900 | ||
Goodwill | $ 30,500 |
Business Combinations - Acqui_2
Business Combinations - Acquisition of Stonegate Bank - Additional Information (Detail) $ in Thousands | Sep. 26, 2017USD ($)BankingCentersshares | Sep. 30, 2018USD ($) | Dec. 31, 2017USD ($) |
Business Acquisition [Line Items] | |||
Loans purchased | $ 3,080,000 | $ 3,460,000 | |
Amount of discount on purchased loans | $ 120,800 | $ 146,600 | |
Stonegate Bank [Member] | |||
Business Acquisition [Line Items] | |||
Business combination consideration paid | $ 792,370 | ||
Business combination, common stock issued, shares | shares | 30,863,658 | ||
Business combination, common stock issued, value | $ 742,300 | ||
Business combination consideration paid in cash | 50,100 | ||
Business combination, recognized identifiable assets acquired, Total Assets | 2,887,523 | ||
Business acquisition of investment securities | 103,515 | ||
Loans purchased | 2,370,000 | ||
Loan discounts | 73,300 | ||
Amount of discount on purchased loans | 22,600 | ||
Business acquisition of bank premises and equipment | $ 3,600 | ||
Effective tax rates | 39.225% | ||
Core deposit intangible | $ 30,869 | ||
Customer deposits assumed pursuant to agreement | 2,525,697 | ||
Stonegate Bank [Member] | Credit Impaired Loans [Member] | |||
Business Acquisition [Line Items] | |||
Loans purchased | 74,300 | ||
Loan discounts | 23,300 | ||
Stonegate Bank [Member] | Florida [Member] | |||
Business Acquisition [Line Items] | |||
Business combination, recognized identifiable assets acquired, Total Assets | 2,890,000 | ||
Business combination, recognized identifiable liabilities assumed, Loans | 2,370,000 | ||
Business combination, recognized identifiable assets acquired, Deposits | $ 2,530,000 | ||
Number of banking locations | BankingCenters | 24 | ||
Stonegate Bank [Member] | Fair Value Adjustments [Member] | |||
Business Acquisition [Line Items] | |||
Business combination, recognized identifiable assets acquired, Total Assets | $ (105,302) | ||
Business acquisition of investment securities | 474 | ||
Core deposit intangible | 20,364 | ||
Customer deposits assumed pursuant to agreement | $ (85) | ||
Stonegate Bank [Member] | Shareholders [Member] | |||
Business Acquisition [Line Items] | |||
Business acquisition date | Sep. 26, 2017 | ||
Business combination consideration paid | $ 792,400 | ||
Business combination, common stock issued, shares | shares | 30,863,658 | ||
Business combination, common stock issued, value | $ 742,300 | ||
Business combination consideration paid in cash | 50,100 | ||
Stonegate Bank [Member] | Optionholders [Member] | |||
Business Acquisition [Line Items] | |||
Business combination consideration paid | 820,000 | ||
Business combination consideration paid in cash | $ 27,600 |
Business Combinations - Breakdo
Business Combinations - Breakdown of Assets Acquired and Liabilities Assumed (Detail) - USD ($) | Sep. 26, 2017 | Feb. 28, 2017 | Feb. 23, 2017 | Sep. 30, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
Assets | ||||||
Goodwill | $ 958,408,000 | $ 927,949,000 | $ 377,983,000 | |||
Equity | ||||||
Goodwill | 958,408,000 | 927,949,000 | 377,983,000 | |||
Goodwill | $ 958,408,000 | $ 927,949,000 | $ 377,983,000 | |||
Stonegate Bank [Member] | ||||||
Assets | ||||||
Cash and due from banks | $ 100,958,000 | |||||
Interest-bearing deposits with other banks | 135,631,000 | |||||
Federal funds sold | 1,515,000 | |||||
Investment securities | 103,515,000 | |||||
Loans receivable | 2,372,082,000 | |||||
Loans receivable, net | 2,372,082,000 | |||||
Bank premises and equipment, net | 35,296,000 | |||||
Foreclosed assets held for sale | 3,386,000 | |||||
Cash value of life insurance | 48,000,000 | |||||
Accrued interest receivable | 7,088,000 | |||||
Deferred tax asset, net | 39,330,000 | |||||
Goodwill | 507,008,000 | |||||
Core deposit and other intangibles | 30,869,000 | |||||
Other assets | 9,853,000 | |||||
Total assets acquired | 2,887,523,000 | |||||
Deposits | ||||||
Demand and non-interest-bearing | 585,959,000 | |||||
Savings and interest-bearing transaction accounts | 1,776,256,000 | |||||
Time deposits | 163,482,000 | |||||
Total deposits | 2,525,697,000 | |||||
FHLB borrowed funds | 32,851,000 | |||||
Securities sold under agreements to repurchase | 26,163,000 | |||||
Accrued interest payable and other liabilities | 7,616,000 | |||||
Subordinated debentures | 9,834,000 | |||||
Total liabilities assumed | 2,602,161,000 | |||||
Equity | ||||||
Total liabilities and equity assumed | 2,602,161,000 | |||||
Net assets acquired | 285,362,000 | |||||
Purchase price | 792,370,000 | |||||
Goodwill | 507,008,000 | |||||
Goodwill | 507,008,000 | |||||
Giant Holdings, Inc. [Member] | ||||||
Assets | ||||||
Cash and due from banks | $ 41,019,000 | |||||
Interest-bearing deposits with other banks | 4,058,000 | |||||
Investment securities | 1,956,000 | |||||
Loans receivable | 329,369,000 | |||||
Loans receivable, net | 329,369,000 | |||||
Bank premises and equipment, net | 2,719,000 | |||||
Cash value of life insurance | 10,861,000 | |||||
Accrued interest receivable | 850,000 | |||||
Deferred tax asset, net | 4,093,000 | |||||
Goodwill | 42,958,000 | |||||
Core deposit and other intangibles | 3,410,000 | |||||
Other assets | (235,000) | |||||
Total assets acquired | 398,100,000 | |||||
Deposits | ||||||
Demand and non-interest-bearing | 75,993,000 | |||||
Savings and interest-bearing transaction accounts | 139,459,000 | |||||
Time deposits | 88,543,000 | |||||
Total deposits | 303,995,000 | |||||
FHLB borrowed funds | 26,478,000 | |||||
Accrued interest payable and other liabilities | 14,570,000 | |||||
Total liabilities assumed | 345,043,000 | |||||
Equity | ||||||
Total liabilities and equity assumed | 345,043,000 | |||||
Net assets acquired | 53,057,000 | |||||
Purchase price | 96,015,000 | |||||
Goodwill | 42,958,000 | |||||
Goodwill | 42,958,000 | |||||
The Bank of Commerce [Member] | ||||||
Assets | ||||||
Cash and due from banks | $ 4,610,000 | |||||
Interest-bearing deposits with other banks | 14,360,000 | |||||
Investment securities | 25,813,000 | |||||
Loans receivable | 118,538,000 | |||||
Loans receivable, net | 118,538,000 | |||||
Bank premises and equipment, net | 1,887,000 | |||||
Foreclosed assets held for sale | 5,358,000 | |||||
Accrued interest receivable | 481,000 | |||||
Deferred tax asset, net | 4,198,000 | |||||
Core deposit and other intangibles | 968,000 | |||||
Other assets | 1,880,000 | |||||
Total assets acquired | 178,093,000 | |||||
Deposits | ||||||
Demand and non-interest-bearing | 27,245,000 | |||||
Savings and interest-bearing transaction accounts | 32,300,000 | |||||
Time deposits | 80,215,000 | |||||
Total deposits | 139,760,000 | |||||
FHLB borrowed funds | 30,042,000 | |||||
Accrued interest payable and other liabilities | 309,000 | |||||
Total liabilities assumed | 170,111,000 | |||||
Equity | ||||||
Total equity assumed | 0 | |||||
Net assets acquired | 7,982,000 | |||||
Purchase price | 4,175,000 | |||||
Pre-tax gain on acquisition | 3,807,000 | |||||
Acquired from Acquisition [Member] | Stonegate Bank [Member] | ||||||
Assets | ||||||
Cash and due from banks | 100,958,000 | |||||
Interest-bearing deposits with other banks | 135,631,000 | |||||
Federal funds sold | 1,515,000 | |||||
Investment securities | 103,041,000 | |||||
Loans receivable | 2,446,149,000 | |||||
Allowance for loan losses | (21,507,000) | |||||
Loans receivable, net | 2,424,642,000 | |||||
Bank premises and equipment, net | 38,868,000 | |||||
Foreclosed assets held for sale | 4,187,000 | |||||
Cash value of life insurance | 48,000,000 | |||||
Accrued interest receivable | 7,088,000 | |||||
Deferred tax asset, net | 27,340,000 | |||||
Goodwill | 81,452,000 | |||||
Core deposit and other intangibles | 10,505,000 | |||||
Other assets | 9,598,000 | |||||
Total assets acquired | 2,992,825,000 | |||||
Deposits | ||||||
Demand and non-interest-bearing | 585,959,000 | |||||
Savings and interest-bearing transaction accounts | 1,776,256,000 | |||||
Time deposits | 163,567,000 | |||||
Total deposits | 2,525,782,000 | |||||
FHLB borrowed funds | 32,667,000 | |||||
Securities sold under agreements to repurchase | 26,163,000 | |||||
Accrued interest payable and other liabilities | 8,100,000 | |||||
Subordinated debentures | 8,345,000 | |||||
Total liabilities assumed | 2,601,057,000 | |||||
Equity | ||||||
Total equity assumed | 391,768,000 | |||||
Total liabilities and equity assumed | 2,992,825,000 | |||||
Goodwill | 81,452,000 | |||||
Goodwill | 81,452,000 | |||||
Acquired from Acquisition [Member] | Giant Holdings, Inc. [Member] | ||||||
Assets | ||||||
Cash and due from banks | 41,019,000 | |||||
Interest-bearing deposits with other banks | 4,057,000 | |||||
Investment securities | 1,961,000 | |||||
Loans receivable | 335,886,000 | |||||
Allowance for loan losses | (4,568,000) | |||||
Loans receivable, net | 331,318,000 | |||||
Bank premises and equipment, net | 2,111,000 | |||||
Cash value of life insurance | 10,861,000 | |||||
Accrued interest receivable | 850,000 | |||||
Deferred tax asset, net | 2,286,000 | |||||
Core deposit and other intangibles | 172,000 | |||||
Other assets | 254,000 | |||||
Total assets acquired | 394,889,000 | |||||
Deposits | ||||||
Demand and non-interest-bearing | 75,993,000 | |||||
Savings and interest-bearing transaction accounts | 139,459,000 | |||||
Time deposits | 88,219,000 | |||||
Total deposits | 303,671,000 | |||||
FHLB borrowed funds | 26,047,000 | |||||
Accrued interest payable and other liabilities | 14,552,000 | |||||
Total liabilities assumed | 344,270,000 | |||||
Equity | ||||||
Total equity assumed | 50,619,000 | |||||
Total liabilities and equity assumed | 394,889,000 | |||||
Acquired from Acquisition [Member] | The Bank of Commerce [Member] | ||||||
Assets | ||||||
Cash and due from banks | 4,610,000 | |||||
Interest-bearing deposits with other banks | 14,360,000 | |||||
Investment securities | 25,926,000 | |||||
Loans receivable | 124,289,000 | |||||
Allowance for loan losses | (2,037,000) | |||||
Loans receivable, net | 122,252,000 | |||||
Bank premises and equipment, net | 1,887,000 | |||||
Foreclosed assets held for sale | 8,523,000 | |||||
Accrued interest receivable | 481,000 | |||||
Other assets | 1,880,000 | |||||
Total assets acquired | 179,919,000 | |||||
Deposits | ||||||
Demand and non-interest-bearing | 27,245,000 | |||||
Savings and interest-bearing transaction accounts | 32,300,000 | |||||
Time deposits | 79,945,000 | |||||
Total deposits | 139,490,000 | |||||
FHLB borrowed funds | 30,000,000 | |||||
Accrued interest payable and other liabilities | 564,000 | |||||
Total liabilities assumed | 170,054,000 | |||||
Fair Value Adjustments [Member] | Stonegate Bank [Member] | ||||||
Assets | ||||||
Investment securities | 474,000 | |||||
Loans receivable | (74,067,000) | |||||
Allowance for loan losses | 21,507,000 | |||||
Loans receivable, net | (52,560,000) | |||||
Bank premises and equipment, net | (3,572,000) | |||||
Foreclosed assets held for sale | (801,000) | |||||
Deferred tax asset, net | 11,990,000 | |||||
Goodwill | (81,452,000) | |||||
Core deposit and other intangibles | 20,364,000 | |||||
Other assets | 255,000 | |||||
Total assets acquired | (105,302,000) | |||||
Deposits | ||||||
Time deposits | (85,000) | |||||
Total deposits | (85,000) | |||||
FHLB borrowed funds | 184,000 | |||||
Accrued interest payable and other liabilities | (484,000) | |||||
Subordinated debentures | 1,489,000 | |||||
Total liabilities assumed | 1,104,000 | |||||
Equity | ||||||
Total equity assumed | (391,768,000) | |||||
Total liabilities and equity assumed | (390,664,000) | |||||
Goodwill | (81,452,000) | |||||
Goodwill | $ (81,452,000) | |||||
Fair Value Adjustments [Member] | Giant Holdings, Inc. [Member] | ||||||
Assets | ||||||
Interest-bearing deposits with other banks | 1,000 | |||||
Investment securities | (5,000) | |||||
Loans receivable | (6,517,000) | |||||
Allowance for loan losses | 4,568,000 | |||||
Loans receivable, net | (1,949,000) | |||||
Bank premises and equipment, net | 608,000 | |||||
Deferred tax asset, net | 1,807,000 | |||||
Core deposit and other intangibles | 3,238,000 | |||||
Other assets | (489,000) | |||||
Total assets acquired | 3,211,000 | |||||
Deposits | ||||||
Time deposits | 324,000 | |||||
Total deposits | 324,000 | |||||
FHLB borrowed funds | 431,000 | |||||
Accrued interest payable and other liabilities | 18,000 | |||||
Total liabilities assumed | 773,000 | |||||
Equity | ||||||
Total equity assumed | (50,619,000) | |||||
Total liabilities and equity assumed | $ (49,846,000) | |||||
Fair Value Adjustments [Member] | The Bank of Commerce [Member] | ||||||
Assets | ||||||
Investment securities | (113,000) | |||||
Loans receivable | (5,751,000) | |||||
Allowance for loan losses | 2,037,000 | |||||
Loans receivable, net | (3,714,000) | |||||
Foreclosed assets held for sale | (3,165,000) | |||||
Deferred tax asset, net | 4,198,000 | |||||
Core deposit and other intangibles | 968,000 | |||||
Total assets acquired | (1,826,000) | |||||
Deposits | ||||||
Time deposits | 270,000 | |||||
Total deposits | 270,000 | |||||
FHLB borrowed funds | 42,000 | |||||
Accrued interest payable and other liabilities | (255,000) | |||||
Total liabilities assumed | $ 57,000 |
Business Combinations - Schedul
Business Combinations - Schedule of Unaudited Pro Forma Combined Financial Information (Detail) - Stonegate Bank [Member] - USD ($) $ / shares in Units, $ in Thousands | 12 Months Ended | |
Dec. 31, 2017 | Dec. 31, 2016 | |
Business Acquisition [Line Items] | ||
Total interest income | $ 610,697 | $ 538,258 |
Total non-interest income | 107,179 | 95,555 |
Net income available to all shareholders | $ 143,979 | $ 206,081 |
Basic earnings per common share | $ 0.79 | $ 1.20 |
Diluted earnings per common share | $ 0.79 | $ 1.20 |
Business Combinations - Acqui_3
Business Combinations - Acquisition of The Bank of Commerce - Additional Information (Detail) | Feb. 28, 2017USD ($)BankingCenters | Sep. 30, 2017 | Sep. 30, 2018USD ($) | Dec. 31, 2017USD ($) |
Business Acquisition [Line Items] | ||||
Loans purchased | $ 3,080,000,000 | $ 3,460,000,000 | ||
The Bank of Commerce [Member] | ||||
Business Acquisition [Line Items] | ||||
Business acquisition date | Feb. 28, 2017 | |||
Cash paid for acquisition | $ 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 | |||
Maximum [Member] | The Bank of Commerce [Member] | ||||
Business Acquisition [Line Items] | ||||
Percentage of total assets | 5.00% | |||
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 |
Business Combinations - Acqui_4
Business Combinations - Acquisition of Giant Holdings, Inc. - Additional Information (Detail) | Feb. 23, 2017USD ($)BankingCentersshares | Sep. 30, 2018USD ($) | Dec. 31, 2017USD ($) |
Business Acquisition [Line Items] | |||
Loans purchased | $ 3,080,000,000 | $ 3,460,000,000 | |
Amount of discount on purchased loans | $ 120,800,000 | $ 146,600,000 | |
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 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] | 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 | 327,800,000 | ||
Business combination, recognized identifiable assets acquired, Deposits | 304,000,000 | ||
Loan discounts | $ 8,100,000 |
Investment Securities - Amortiz
Investment Securities - Amortized Cost and Estimated Fair Value of Investment Securities Classified as Available-for-Sale (Detail) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | $ 1,785,908 | $ 1,669,147 |
Gross Unrealized Gains | 2,914 | 6,777 |
Gross Unrealized (Losses) | (44,392) | (12,407) |
Estimated Fair Value | 1,744,430 | 1,663,517 |
U.S. Government-Sponsored Enterprises [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 427,722 | 407,387 |
Gross Unrealized Gains | 138 | 899 |
Gross Unrealized (Losses) | (7,985) | (1,982) |
Estimated Fair Value | 419,875 | 406,304 |
Residential Mortgage-Backed Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 533,106 | 481,981 |
Gross Unrealized Gains | 294 | 538 |
Gross Unrealized (Losses) | (15,386) | (4,919) |
Estimated Fair Value | 518,014 | 477,600 |
Commercial Mortgage-Backed Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 478,409 | 497,870 |
Gross Unrealized Gains | 87 | 332 |
Gross Unrealized (Losses) | (14,636) | (4,430) |
Estimated Fair Value | 463,860 | 493,772 |
State and Political Subdivisions [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 311,117 | 247,292 |
Gross Unrealized Gains | 1,235 | 3,783 |
Gross Unrealized (Losses) | (6,202) | (774) |
Estimated Fair Value | 306,150 | 250,301 |
Other Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 35,554 | 34,617 |
Gross Unrealized Gains | 1,160 | 1,225 |
Gross Unrealized (Losses) | (183) | (302) |
Estimated Fair Value | $ 36,531 | $ 35,540 |
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 | Sep. 30, 2018 | Dec. 31, 2017 |
Schedule of Held-to-maturity Securities [Line Items] | ||
Estimated Fair Value | $ 199,266 | $ 224,756 |
Held-to-Maturity [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Amortized Cost | 199,266 | 224,756 |
Gross Unrealized Gains | 1,391 | 3,267 |
Gross Unrealized (Losses) | (2,105) | (484) |
Estimated Fair Value | 198,552 | 227,539 |
U.S. Government-Sponsored Enterprises [Member] | Held-to-Maturity [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Amortized Cost | 3,587 | 5,791 |
Gross Unrealized Gains | 15 | |
Gross Unrealized (Losses) | (87) | (15) |
Estimated Fair Value | 3,500 | 5,791 |
Residential Mortgage-Backed Securities [Member] | Held-to-Maturity [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Amortized Cost | 47,670 | 56,982 |
Gross Unrealized Gains | 23 | 107 |
Gross Unrealized (Losses) | (1,395) | (402) |
Estimated Fair Value | 46,298 | 56,687 |
Commercial Mortgage-Backed Securities [Member] | Held-to-Maturity [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Amortized Cost | 12,705 | 16,625 |
Gross Unrealized Gains | 114 | |
Gross Unrealized (Losses) | (370) | (40) |
Estimated Fair Value | 12,335 | 16,699 |
State and Political Subdivisions [Member] | Held-to-Maturity [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Amortized Cost | 135,304 | 145,358 |
Gross Unrealized Gains | 1,368 | 3,031 |
Gross Unrealized (Losses) | (253) | (27) |
Estimated Fair Value | $ 136,419 | $ 148,362 |
Investment Securities - Additio
Investment Securities - Additional Information (Detail) - USD ($) | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | Dec. 31, 2017 | |
Debt Securities, Available-for-sale [Abstract] | |||||
Carrying value of investment securities | $ 1,170,000,000 | $ 1,170,000,000 | $ 1,180,000,000 | ||
Investment securities pledged as collateral | 142,100,000 | 142,100,000 | 147,800,000 | ||
Available for sale securities sold | 1,400,000 | $ 234,000 | 2,100,000 | $ 27,400,000 | |
Gross realized gains on sale | $ 0 | $ 136,000 | $ 0 | $ 1,100,000 | |
Income tax expense benefit to net security gains and losses | 26.135% | 39.225% | 26.135% | 39.225% | |
Gross realized loss on sale | $ 127,000 | ||||
Held-to-maturity securities sold | $ 0 | $ 0 | 483,000 | ||
Gross realized loss on sale of held-to-maturity | $ 7,000 | ||||
Other-than-temporary impairment of securities | 0 | 0 | |||
Fair value of unrealized losses | $ 26,943,000 | $ 26,943,000 | $ 5,273,000 | ||
Percentage of Company's investment portfolio | 67.70% | ||||
Maturity description of investment portfolio | Five years or less |
Investment Securities - Amort_2
Investment Securities - Amortized Cost and Estimated Fair Value of Securities Contractual Maturity (Detail) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Available-for-Sale Securities, Amortized Cost | ||
Due in one year or less, Amortized Cost | $ 188,664 | |
Due after one year through five years, Amortized Cost | 997,039 | |
Due after five years through ten years, Amortized Cost | 468,969 | |
Due after ten years, Amortized Cost | 131,236 | |
Total, Amortized Cost | 1,785,908 | |
Available-for-Sale Securities, Estimated Fair Value | ||
Due in one year or less, Estimated Fair Value | 185,303 | |
Due after one year through five years, Estimated Fair Value | 975,767 | |
Due after five years through ten years, Estimated Fair Value | 455,579 | |
Due after ten years, Estimated Fair Value | 127,781 | |
Total, Estimated Fair Value | 1,744,430 | $ 1,663,517 |
Held-to-Maturity Securities, Amortized Cost | ||
Due in one year or less, Held to Maturity Amortized Cost | 64,821 | |
Due after one year through five years, Held to Maturity Amortized Cost | 89,950 | |
Due after five years through ten years, Held to Maturity Amortized Cost | 11,773 | |
Due after ten years, Held to Maturity Amortized Cost | 32,722 | |
Total, Held to Maturity Amortized Cost | 199,266 | $ 224,756 |
Held-to-Maturity Securities, Estimated Fair Value | ||
Due in one year or less, Held to Maturity Estimated Fair Value | 65,527 | |
Due after one year through five years, Held to Maturity Estimated Fair Value | 89,016 | |
Due after five years through ten years, Held to Maturity Estimated Fair Value | 11,472 | |
Due after ten years, Held to Maturity Estimated Fair Value | 32,537 | |
Total, Held to Maturity Estimated Fair Value | $ 198,552 |
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 | Sep. 30, 2018 | Dec. 31, 2017 |
Schedule of Available-for-sale Securities [Line Items] | ||
Fair Value of Available-for-Sale Securities, Less Than 12 Months | $ 874,634 | $ 979,354 |
Unrealized Losses of Available-for-Sale Securities, Less Than 12 Months | (19,554) | (7,618) |
Fair Value of Available-for-Sale Securities, 12 Months or More | 729,843 | 291,308 |
Unrealized Losses of Available-for-Sale Securities, 12 Months or More | (26,943) | (5,273) |
Fair Value of Available-for-Sale Securities, Total | 1,604,477 | 1,270,662 |
Unrealized Losses of Available-for-Sale Securities, Total | (46,497) | (12,891) |
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 | 253,980 | 234,213 |
Unrealized Losses of Available-for-Sale Securities, Less Than 12 Months | (3,686) | (1,288) |
Fair Value of Available-for-Sale Securities, 12 Months or More | 135,156 | 40,122 |
Unrealized Losses of Available-for-Sale Securities, 12 Months or More | (4,386) | (709) |
Fair Value of Available-for-Sale Securities, Total | 389,136 | 274,335 |
Unrealized Losses of Available-for-Sale Securities, Total | (8,072) | (1,997) |
Residential Mortgage-Backed Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Fair Value of Available-for-Sale Securities, Less Than 12 Months | 212,531 | 389,541 |
Unrealized Losses of Available-for-Sale Securities, Less Than 12 Months | (4,745) | (3,656) |
Fair Value of Available-for-Sale Securities, 12 Months or More | 315,803 | 99,989 |
Unrealized Losses of Available-for-Sale Securities, 12 Months or More | (12,036) | (1,665) |
Fair Value of Available-for-Sale Securities, Total | 528,334 | 489,530 |
Unrealized Losses of Available-for-Sale Securities, Total | (16,781) | (5,321) |
Commercial Mortgage-Backed Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Fair Value of Available-for-Sale Securities, Less Than 12 Months | 233,726 | 314,301 |
Unrealized Losses of Available-for-Sale Securities, Less Than 12 Months | (6,738) | (2,343) |
Fair Value of Available-for-Sale Securities, 12 Months or More | 226,854 | 120,365 |
Unrealized Losses of Available-for-Sale Securities, 12 Months or More | (8,268) | (2,127) |
Fair Value of Available-for-Sale Securities, Total | 460,580 | 434,666 |
Unrealized Losses of Available-for-Sale Securities, Total | (15,006) | (4,470) |
State and Political Subdivisions [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Fair Value of Available-for-Sale Securities, Less Than 12 Months | 174,397 | 41,299 |
Unrealized Losses of Available-for-Sale Securities, Less Than 12 Months | (4,385) | (331) |
Fair Value of Available-for-Sale Securities, 12 Months or More | 42,238 | 20,980 |
Unrealized Losses of Available-for-Sale Securities, 12 Months or More | (2,070) | (470) |
Fair Value of Available-for-Sale Securities, Total | 216,635 | 62,279 |
Unrealized Losses of Available-for-Sale Securities, Total | (6,455) | (801) |
Other Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Fair Value of Available-for-Sale Securities, 12 Months or More | 9,792 | 9,852 |
Unrealized Losses of Available-for-Sale Securities, 12 Months or More | (183) | (302) |
Fair Value of Available-for-Sale Securities, Total | 9,792 | 9,852 |
Unrealized Losses of Available-for-Sale Securities, Total | $ (183) | $ (302) |
Investment Securities - Sched_2
Investment Securities - Schedule of Income Earned on Securities (Detail) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Investment Income [Line Items] | ||||
Income earned on securities, taxable | $ 9,011 | $ 7,071 | $ 26,960 | $ 18,983 |
Income earned on securities, Non-taxable | 3,427 | 3,032 | 9,801 | 8,942 |
Income earned on securities, total | 12,438 | 10,103 | 36,761 | 27,925 |
Available-for-sale [Member] | ||||
Investment Income [Line Items] | ||||
Income earned on securities, taxable | 8,578 | 6,527 | 25,571 | 17,001 |
Income earned on securities, Non-taxable | 2,205 | 1,627 | 6,006 | 4,757 |
Held-to-Maturity [Member] | ||||
Investment Income [Line Items] | ||||
Income earned on securities, taxable | 433 | 544 | 1,389 | 1,982 |
Income earned on securities, Non-taxable | $ 1,222 | $ 1,405 | $ 3,795 | $ 4,185 |
Loans Receivable - Summary of V
Loans Receivable - Summary of Various Categories of Loans Receivable (Detail) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans receivable | $ 10,832,815 | $ 10,331,188 |
Multifamily Residential [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans receivable | 608,608 | 441,303 |
Commercial Real Estate Non Farm Nonresidential [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans receivable | 4,685,827 | 4,600,117 |
Commercial Real Estate Construction Land Development Loan [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans receivable | 1,550,910 | 1,700,491 |
Agricultural [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans receivable | 72,930 | 82,229 |
Residential 1-4 Family [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans receivable | 1,982,666 | 1,970,311 |
Residential and Commercial Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans receivable | 8,900,941 | 8,794,451 |
Agricultural [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans receivable | 58,644 | 49,815 |
Other [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans receivable | 141,197 | 143,377 |
Consumer [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans receivable | 428,192 | 46,148 |
Commercial and Industrial [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans receivable | $ 1,303,841 | $ 1,297,397 |
Loans Receivable - Additional I
Loans Receivable - Additional Information (Detail) - USD ($) | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | Dec. 31, 2017 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Mortgage loans held for sale | $ 39,900,000 | $ 39,900,000 | $ 44,300,000 | ||
Purchased loans | 3,080,000,000 | 3,080,000,000 | 3,460,000,000 | ||
Amount of discount for credit losses on purchased loans | 120,800,000 | 120,800,000 | 146,600,000 | ||
Non-accretable discount for credit losses on purchased loans | 40,500,000 | 40,500,000 | 51,900,000 | ||
Accretable discount for credit losses on purchased loans | 80,300,000 | 80,300,000 | $ 94,700,000 | ||
SBA Loans [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Loans sold during period | 836,000 | $ 3,100,000 | 7,400,000 | $ 12,900,000 | |
Gain on sale of guaranteed portion of loans | $ 47,000 | $ 163,000 | $ 491,000 | $ 738,000 |
Allowance for Loan Losses, Cr_3
Allowance for Loan Losses, Credit Quality and Other - Additional Information (Detail) | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2018USD ($) | Sep. 30, 2017USD ($) | Sep. 30, 2018USD ($) | Sep. 30, 2017USD ($) | Dec. 31, 2017USD ($)Rating | |
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Non-accruing loans | $ 36,200,000 | $ 36,200,000 | $ 34,000,000 | ||
Interest recognized on impaired loans | $ 590,000 | $ 957,000 | 2,146,000 | $ 2,000,000 | $ 2,365,000 |
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 | $ 459,000,000 | ||||
Adjustment to yield over the weighted average life of the loans | 8,519,000 | ||||
Hurricane Irma [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Credit impact and damage to legacy loans receivable | 2,410,000,000 | ||||
Storm-related provision for loan losses | $ 32,900,000 | ||||
Charge-offs against storm-related provision for loan losses | $ 2,500,000 |
Allowance for Loan Losses, Cr_4
Allowance for Loan Losses, Credit Quality and Other - Summary of Changes in Allowance for Loan Losses (Detail) $ in Thousands | 9 Months Ended |
Sep. 30, 2018USD ($) | |
Receivables [Abstract] | |
Beginning balance | $ 110,266 |
Loans charged off | (7,173) |
Recoveries of loans previously charged off | 2,776 |
Net loans recovered (charged off) | (4,397) |
Provision for loan losses | 4,322 |
Ending balance | $ 110,191 |
Allowance for Loan Losses, Cr_5
Allowance for Loan Losses, Credit Quality and Other - Allowance for Loan Losses for the Roll Forwards (Detail) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | 12 Months Ended | |
Sep. 30, 2018 | Sep. 30, 2018 | Sep. 30, 2017 | Dec. 31, 2017 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Beginning balance | $ 110,266 | |||
Loans charged off | (7,173) | |||
Recoveries of loans previously charged off | 2,776 | |||
Net loans recovered (charged off) | (4,397) | |||
Provision for loan losses | 4,322 | |||
Ending balance | $ 110,191 | 110,191 | $ 110,266 | |
Loans Receivable [Member] | Allowance for Loan Losses [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Beginning balance | 111,516 | 110,266 | $ 80,002 | 80,002 |
Loans charged off | (2,501) | (7,173) | (6,111) | (11,360) |
Recoveries of loans previously charged off | 1,176 | 2,776 | 1,946 | 1,539 |
Net loans recovered (charged off) | (1,325) | (4,397) | (4,165) | (9,821) |
Provision for loan losses | 4,322 | 4,301 | 39,949 | |
Ending balance | 110,191 | 110,191 | 80,138 | 110,266 |
Loans Receivable [Member] | Residential Real Estate Loans [Member] | Allowance for Loan Losses [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Beginning balance | 24,205 | 24,506 | 16,517 | 16,517 |
Loans charged off | (608) | (2,339) | (2,288) | (1,692) |
Recoveries of loans previously charged off | 309 | 844 | 254 | 422 |
Net loans recovered (charged off) | (299) | (1,495) | (2,034) | (1,270) |
Provision for loan losses | 193 | 1,088 | 3,232 | 8,061 |
Ending balance | 24,099 | 24,099 | 17,715 | 24,506 |
Loans Receivable [Member] | Commercial and Industrial [Member] | Allowance for Loan Losses [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Beginning balance | 16,193 | 15,292 | 12,756 | 12,756 |
Loans charged off | (744) | (1,816) | (779) | (4,799) |
Recoveries of loans previously charged off | 251 | 568 | 252 | 212 |
Net loans recovered (charged off) | (493) | (1,248) | (527) | (4,587) |
Provision for loan losses | (1,923) | (267) | 599 | 7,051 |
Ending balance | 13,777 | 13,777 | 12,828 | 15,292 |
Loans Receivable [Member] | Unallocated [Member] | Allowance for Loan Losses [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Beginning balance | 1,372 | 2,852 | 6,831 | 6,831 |
Provision for loan losses | 2,916 | 1,436 | (984) | (2,995) |
Ending balance | 4,288 | 4,288 | 5,847 | 2,852 |
Construction/Land Development [Member] | Loans Receivable [Member] | Allowance for Loan Losses [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Beginning balance | 20,243 | 20,343 | 11,522 | 11,522 |
Loans charged off | (337) | (399) | (326) | (1,306) |
Recoveries of loans previously charged off | 90 | 209 | 227 | 235 |
Net loans recovered (charged off) | (247) | (190) | (99) | (1,071) |
Provision for loan losses | (982) | (1,139) | 1,419 | 8,572 |
Ending balance | 19,014 | 19,014 | 12,842 | 20,343 |
Other Commercial Real Estate [Member] | Loans Receivable [Member] | Allowance for Loan Losses [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Beginning balance | 45,985 | 43,939 | 28,188 | 28,188 |
Loans charged off | (144) | (981) | (1,655) | (2,094) |
Recoveries of loans previously charged off | 195 | 383 | 710 | 332 |
Net loans recovered (charged off) | 51 | (598) | (945) | (1,762) |
Provision for loan losses | (683) | 2,012 | 600 | 17,858 |
Ending balance | 45,353 | 45,353 | 27,843 | 43,939 |
Consumer & Other [Member] | Loans Receivable [Member] | Allowance for Loan Losses [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Beginning balance | 3,518 | 3,334 | 4,188 | 4,188 |
Loans charged off | (668) | (1,638) | (1,063) | (1,469) |
Recoveries of loans previously charged off | 331 | 772 | 503 | 338 |
Net loans recovered (charged off) | (337) | (866) | (560) | (1,131) |
Provision for loan losses | 479 | 1,192 | (565) | 1,402 |
Ending balance | $ 3,660 | $ 3,660 | $ 3,063 | $ 3,334 |
Allowance for Loan Losses, Cr_6
Allowance for Loan Losses, Credit Quality and Other - Recorded Investment in Loans Based on Portfolio Segment by Impairment Method (Detail) - USD ($) $ in Thousands | Sep. 30, 2018 | Jun. 30, 2018 | Dec. 31, 2017 | Sep. 30, 2017 | Dec. 31, 2016 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Loans individually evaluated for impairment | $ 0 | $ 0 | |||
Purchased credit impaired loans | 120,800 | 146,600 | |||
Allowance for loan losses | 110,191 | 110,266 | |||
Loans evaluated for impairment, ending balance | 10,683,375 | 10,133,136 | |||
Purchased credit impaired loans | 149,440 | 198,052 | |||
Total Loans Receivable | 10,832,815 | 10,331,188 | |||
Commercial and Industrial [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Loans evaluated for impairment, ending balance | 1,287,512 | 1,283,028 | |||
Total Loans Receivable | 1,303,841 | 1,297,397 | |||
Loans Receivable [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Total Loans Receivable | 10,832,815 | 10,331,188 | |||
Loans Receivable [Member] | Allowance for Loan Losses [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Loans individually evaluated for impairment | 1,511 | 3,184 | |||
Loans collectively evaluated for impairment | 107,715 | 105,571 | |||
Loans evaluated for impairment, ending balance | 109,226 | 108,755 | |||
Purchased credit impaired loans | 965 | 1,511 | |||
Allowance for loan losses | 110,191 | $ 111,516 | 110,266 | $ 80,138 | $ 80,002 |
Loans individually evaluated for impairment | 128,161 | 193,782 | |||
Loans collectively evaluated for impairment | 10,555,214 | 9,939,354 | |||
Loans evaluated for impairment, ending balance | 10,683,375 | 10,133,136 | |||
Purchased credit impaired loans | 149,440 | 198,052 | |||
Total Loans Receivable | 10,832,815 | 10,331,188 | |||
Loans Receivable [Member] | Residential Real Estate Loans [Member] | Allowance for Loan Losses [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Loans individually evaluated for impairment | 115 | 188 | |||
Loans collectively evaluated for impairment | 23,355 | 23,341 | |||
Loans evaluated for impairment, ending balance | 23,470 | 23,529 | |||
Purchased credit impaired loans | 629 | 977 | |||
Allowance for loan losses | 24,099 | 24,205 | 24,506 | 17,715 | 16,517 |
Loans individually evaluated for impairment | 19,933 | 20,431 | |||
Loans collectively evaluated for impairment | 2,534,630 | 2,341,081 | |||
Loans evaluated for impairment, ending balance | 2,554,563 | 2,361,512 | |||
Purchased credit impaired loans | 36,711 | 50,102 | |||
Total Loans Receivable | 2,591,274 | 2,411,614 | |||
Loans Receivable [Member] | Commercial and Industrial [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Total Loans Receivable | 1,303,841 | 1,297,397 | |||
Loans Receivable [Member] | Commercial and Industrial [Member] | Allowance for Loan Losses [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Loans individually evaluated for impairment | 9 | 843 | |||
Loans collectively evaluated for impairment | 13,672 | 14,290 | |||
Loans evaluated for impairment, ending balance | 13,681 | 15,133 | |||
Purchased credit impaired loans | 96 | 159 | |||
Allowance for loan losses | 13,777 | 16,193 | 15,292 | 12,828 | 12,756 |
Loans individually evaluated for impairment | 30,716 | 21,867 | |||
Loans collectively evaluated for impairment | 1,256,796 | 1,261,161 | |||
Loans evaluated for impairment, ending balance | 1,287,512 | 1,283,028 | |||
Purchased credit impaired loans | 16,329 | 14,369 | |||
Total Loans Receivable | 1,303,841 | 1,297,397 | |||
Loans Receivable [Member] | Unallocated [Member] | Allowance for Loan Losses [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Loans collectively evaluated for impairment | 4,288 | 2,852 | |||
Loans evaluated for impairment, ending balance | 4,288 | 2,852 | |||
Allowance for loan losses | 4,288 | 1,372 | 2,852 | 5,847 | 6,831 |
Construction/Land Development [Member] | Loans Receivable [Member] | Allowance for Loan Losses [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Loans individually evaluated for impairment | 854 | 1,378 | |||
Loans collectively evaluated for impairment | 18,150 | 18,954 | |||
Loans evaluated for impairment, ending balance | 19,004 | 20,332 | |||
Purchased credit impaired loans | 10 | 11 | |||
Allowance for loan losses | 19,014 | 20,243 | 20,343 | 12,842 | 11,522 |
Loans individually evaluated for impairment | 14,876 | 26,860 | |||
Loans collectively evaluated for impairment | 1,526,689 | 1,658,519 | |||
Loans evaluated for impairment, ending balance | 1,541,565 | 1,685,379 | |||
Purchased credit impaired loans | 9,345 | 15,112 | |||
Total Loans Receivable | 1,550,910 | 1,700,491 | |||
Other Commercial Real Estate [Member] | Loans Receivable [Member] | Allowance for Loan Losses [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Loans individually evaluated for impairment | 533 | 768 | |||
Loans collectively evaluated for impairment | 44,590 | 42,824 | |||
Loans evaluated for impairment, ending balance | 45,123 | 43,592 | |||
Purchased credit impaired loans | 230 | 347 | |||
Allowance for loan losses | 45,353 | 45,985 | 43,939 | 27,843 | 28,188 |
Loans individually evaluated for impairment | 60,572 | 124,124 | |||
Loans collectively evaluated for impairment | 4,613,352 | 4,442,201 | |||
Loans evaluated for impairment, ending balance | 4,673,924 | 4,566,325 | |||
Purchased credit impaired loans | 84,833 | 116,021 | |||
Total Loans Receivable | 4,758,757 | 4,682,346 | |||
Consumer & Other [Member] | Loans Receivable [Member] | Allowance for Loan Losses [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Loans individually evaluated for impairment | 7 | ||||
Loans collectively evaluated for impairment | 3,660 | 3,310 | |||
Loans evaluated for impairment, ending balance | 3,660 | 3,317 | |||
Purchased credit impaired loans | 17 | ||||
Allowance for loan losses | 3,660 | $ 3,518 | 3,334 | $ 3,063 | $ 4,188 |
Loans individually evaluated for impairment | 2,064 | 500 | |||
Loans collectively evaluated for impairment | 623,747 | 236,392 | |||
Loans evaluated for impairment, ending balance | 625,811 | 236,892 | |||
Purchased credit impaired loans | 2,222 | 2,448 | |||
Total Loans Receivable | $ 628,033 | $ 239,340 |
Allowance for Loan Losses, Cr_7
Allowance for Loan Losses, Credit Quality and Other - Summary of Aging Analysis for Loans Receivable (Detail) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Loans Receivable | $ 10,832,815 | $ 10,331,188 |
Multifamily Residential [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Loans Receivable | 608,608 | 441,303 |
Consumer [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Loans Receivable | 428,192 | 46,148 |
Commercial and Industrial [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Loans Receivable | 1,303,841 | 1,297,397 |
Loans Receivable [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 88,215 | 68,462 |
Current Loans | 10,744,600 | 10,262,726 |
Total Loans Receivable | 10,832,815 | 10,331,188 |
Accruing Loans Past Due 90 Days or More | 20,267 | 10,665 |
Loans Receivable [Member] | Multifamily Residential [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 1,465 | 253 |
Current Loans | 607,143 | 441,050 |
Total Loans Receivable | 608,608 | 441,303 |
Accruing Loans Past Due 90 Days or More | 100 | |
Loans Receivable [Member] | Consumer [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 2,861 | 474 |
Current Loans | 425,331 | 45,674 |
Total Loans Receivable | 428,192 | 46,148 |
Accruing Loans Past Due 90 Days or More | 1,796 | 26 |
Loans Receivable [Member] | Commercial and Industrial [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 11,701 | 9,631 |
Current Loans | 1,292,140 | 1,287,766 |
Total Loans Receivable | 1,303,841 | 1,297,397 |
Accruing Loans Past Due 90 Days or More | 2,006 | 1,944 |
Loans Receivable [Member] | Agricultural and Other [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 1,316 | 538 |
Current Loans | 198,525 | 192,654 |
Total Loans Receivable | 199,841 | 193,192 |
Accruing Loans Past Due 90 Days or More | 54 | |
Loans Past Due 30-59 Days [Member] | Loans Receivable [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 23,834 | 18,844 |
Loans Past Due 30-59 Days [Member] | Loans Receivable [Member] | Multifamily Residential [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 482 | |
Loans Past Due 30-59 Days [Member] | Loans Receivable [Member] | Consumer [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 784 | 252 |
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 | 4,868 | 2,073 |
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 | 1,260 | 288 |
Loans Past Due 60-89 Days [Member] | Loans Receivable [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 7,916 | 4,921 |
Loans Past Due 60-89 Days [Member] | Loans Receivable [Member] | Consumer [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 73 | 51 |
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 | 384 | 1,030 |
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 | 23 | 113 |
Loans Past Due 90 Days or More [Member] | Loans Receivable [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 56,465 | 44,697 |
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 | 983 | 253 |
Loans Past Due 90 Days or More [Member] | Loans Receivable [Member] | Consumer [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 2,004 | 171 |
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 | 6,449 | 6,528 |
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 | 33 | 137 |
Commercial Real Estate Non Farm Nonresidential [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Loans Receivable | 4,685,827 | 4,600,117 |
Commercial Real Estate Non Farm Nonresidential [Member] | Loans Receivable [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 33,535 | 20,530 |
Current Loans | 4,652,292 | 4,579,587 |
Total Loans Receivable | 4,685,827 | 4,600,117 |
Accruing Loans Past Due 90 Days or More | 11,405 | 3,119 |
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 | 6,496 | 6,331 |
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 | 4,411 | 1,480 |
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 | 22,628 | 12,719 |
Commercial Real Estate Construction Land Development Loan [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Loans Receivable | 1,550,910 | 1,700,491 |
Commercial Real Estate Construction Land Development Loan [Member] | Loans Receivable [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 9,904 | 9,105 |
Current Loans | 1,541,006 | 1,691,386 |
Total Loans Receivable | 1,550,910 | 1,700,491 |
Accruing Loans Past Due 90 Days or More | 3,551 | 3,247 |
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 | 803 | 834 |
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 | 584 | 13 |
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 | 8,517 | 8,258 |
Agricultural [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Loans Receivable | 72,930 | 82,229 |
Agricultural [Member] | Loans Receivable [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 30 | 240 |
Current Loans | 72,900 | 81,989 |
Total Loans Receivable | 72,930 | 82,229 |
Agricultural [Member] | Loans Past Due 60-89 Days [Member] | Loans Receivable [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 221 | |
Agricultural [Member] | Loans Past Due 90 Days or More [Member] | Loans Receivable [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 30 | 19 |
Residential 1-4 Family [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Loans Receivable | 1,982,666 | 1,970,311 |
Residential 1-4 Family [Member] | Loans Receivable [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 27,403 | 27,691 |
Current Loans | 1,955,263 | 1,942,620 |
Total Loans Receivable | 1,982,666 | 1,970,311 |
Accruing Loans Past Due 90 Days or More | 1,509 | 2,175 |
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 | 9,141 | 9,066 |
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 | 2,441 | 2,013 |
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 | 15,821 | 16,612 |
Residential and Commercial Real Estate [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Loans Receivable | 8,900,941 | 8,794,451 |
Residential and Commercial Real Estate [Member] | Loans Receivable [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 72,337 | 57,819 |
Current Loans | 8,828,604 | 8,736,632 |
Total Loans Receivable | 8,900,941 | 8,794,451 |
Accruing Loans Past Due 90 Days or More | 16,465 | 8,641 |
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 | 16,922 | 16,231 |
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 | 7,436 | 3,727 |
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 | $ 47,979 | $ 37,861 |
Allowance for Loan Losses, Cr_8
Allowance for Loan Losses, Credit Quality and Other - Summary of Impaired Loans (Detail) - USD ($) | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | Dec. 31, 2017 | |
Financing Receivable, Impaired [Line Items] | |||||
Unpaid Contractual Principal Balance | $ 590,000 | $ 590,000 | $ 350,000 | ||
Total Recorded Investment | 591,000 | 591,000 | 313,000 | ||
Allocation of Allowance for Loan Losses | 0 | 0 | 0 | ||
Average Recorded Investment | 559,000 | 477,000 | 274,000 | ||
Interest Recognized | 10,000 | 28,000 | 21,000 | ||
Unpaid Contractual Principal Balance | 89,307,000 | 89,307,000 | 81,573,000 | ||
Total Recorded Investment | 78,415,000 | 78,415,000 | 75,323,000 | ||
Allocation of Allowance for Loan Losses | 1,511,000 | 1,511,000 | 3,184,000 | ||
Average Recorded Investment | 80,504,000 | 79,703,000 | 86,888,000 | ||
Interest Recognized | 580,000 | 2,118,000 | 2,344,000 | ||
Unpaid Contractual Principal Balance | 89,897,000 | 89,897,000 | 81,923,000 | ||
Total Recorded Investment | 79,006,000 | 79,006,000 | 75,636,000 | ||
Allocation of Allowance for Loan Losses | 1,511,000 | 1,511,000 | 3,184,000 | ||
Average Recorded Investment | 81,063,000 | 80,180,000 | 87,162,000 | ||
Interest Recognized | 590,000 | $ 957,000 | 2,146,000 | $ 2,000,000 | 2,365,000 |
Commercial Real Estate Non Farm Nonresidential [Member] | |||||
Financing Receivable, Impaired [Line Items] | |||||
Unpaid Contractual Principal Balance | 44,000 | 44,000 | 29,000 | ||
Total Recorded Investment | 44,000 | 44,000 | 29,000 | ||
Allocation of Allowance for Loan Losses | 0 | 0 | 0 | ||
Average Recorded Investment | 36,000 | 33,000 | 23,000 | ||
Interest Recognized | 1,000 | 2,000 | 2,000 | ||
Unpaid Contractual Principal Balance | 41,299,000 | 41,299,000 | 29,666,000 | ||
Total Recorded Investment | 37,365,000 | 37,365,000 | 29,040,000 | ||
Allocation of Allowance for Loan Losses | 524,000 | 524,000 | 757,000 | ||
Average Recorded Investment | 37,770,000 | 33,965,000 | 41,772,000 | ||
Interest Recognized | 375,000 | 1,107,000 | 1,498,000 | ||
Unpaid Contractual Principal Balance | 41,343,000 | 41,343,000 | 29,695,000 | ||
Total Recorded Investment | 37,409,000 | 37,409,000 | 29,069,000 | ||
Allocation of Allowance for Loan Losses | 524,000 | 524,000 | 757,000 | ||
Average Recorded Investment | 37,806,000 | 33,998,000 | 41,795,000 | ||
Interest Recognized | 376,000 | 1,109,000 | 1,500,000 | ||
Commercial Real Estate Construction Land Development Loan [Member] | |||||
Financing Receivable, Impaired [Line Items] | |||||
Unpaid Contractual Principal Balance | 18,000 | 18,000 | 64,000 | ||
Total Recorded Investment | 18,000 | 18,000 | 64,000 | ||
Allocation of Allowance for Loan Losses | 0 | 0 | 0 | ||
Average Recorded Investment | 18,000 | 30,000 | 31,000 | ||
Interest Recognized | 1,000 | 3,000 | |||
Unpaid Contractual Principal Balance | 13,509,000 | 13,509,000 | 12,976,000 | ||
Total Recorded Investment | 12,446,000 | 12,446,000 | 12,157,000 | ||
Allocation of Allowance for Loan Losses | 854,000 | 854,000 | 1,378,000 | ||
Average Recorded Investment | 12,614,000 | 12,398,000 | 10,556,000 | ||
Interest Recognized | 75,000 | 234,000 | 262,000 | ||
Unpaid Contractual Principal Balance | 13,527,000 | 13,527,000 | 13,040,000 | ||
Total Recorded Investment | 12,464,000 | 12,464,000 | 12,221,000 | ||
Allocation of Allowance for Loan Losses | 854,000 | 854,000 | 1,378,000 | ||
Average Recorded Investment | 12,632,000 | 12,428,000 | 10,587,000 | ||
Interest Recognized | 75,000 | 235,000 | 265,000 | ||
Agricultural [Member] | |||||
Financing Receivable, Impaired [Line Items] | |||||
Unpaid Contractual Principal Balance | 13,000 | 13,000 | 19,000 | ||
Total Recorded Investment | 13,000 | 13,000 | |||
Allocation of Allowance for Loan Losses | 0 | 0 | 0 | ||
Average Recorded Investment | 14,000 | 16,000 | |||
Interest Recognized | 1,000 | 1,000 | |||
Unpaid Contractual Principal Balance | 299,000 | 299,000 | 281,000 | ||
Total Recorded Investment | 303,000 | 303,000 | 303,000 | ||
Allocation of Allowance for Loan Losses | 9,000 | 9,000 | 11,000 | ||
Average Recorded Investment | 410,000 | 412,000 | 268,000 | ||
Interest Recognized | 4,000 | 14,000 | 11,000 | ||
Unpaid Contractual Principal Balance | 312,000 | 312,000 | 300,000 | ||
Total Recorded Investment | 316,000 | 316,000 | 303,000 | ||
Allocation of Allowance for Loan Losses | 9,000 | 9,000 | 11,000 | ||
Average Recorded Investment | 424,000 | 428,000 | 268,000 | ||
Interest Recognized | 4,000 | 15,000 | 12,000 | ||
Residential 1-4 Family [Member] | |||||
Financing Receivable, Impaired [Line Items] | |||||
Unpaid Contractual Principal Balance | 286,000 | 286,000 | 115,000 | ||
Total Recorded Investment | 286,000 | 286,000 | 115,000 | ||
Allocation of Allowance for Loan Losses | 0 | 0 | 0 | ||
Average Recorded Investment | 237,000 | 186,000 | 135,000 | ||
Interest Recognized | 5,000 | 14,000 | 7,000 | ||
Unpaid Contractual Principal Balance | 19,248,000 | 19,248,000 | 19,770,000 | ||
Total Recorded Investment | 17,241,000 | 17,241,000 | 18,689,000 | ||
Allocation of Allowance for Loan Losses | 67,000 | 67,000 | 124,000 | ||
Average Recorded Investment | 17,678,000 | 18,639,000 | 22,347,000 | ||
Interest Recognized | 51,000 | 429,000 | 363,000 | ||
Unpaid Contractual Principal Balance | 19,534,000 | 19,534,000 | 19,885,000 | ||
Total Recorded Investment | 17,527,000 | 17,527,000 | 18,804,000 | ||
Allocation of Allowance for Loan Losses | 67,000 | 67,000 | 124,000 | ||
Average Recorded Investment | 17,915,000 | 18,825,000 | 22,482,000 | ||
Interest Recognized | 56,000 | 443,000 | 370,000 | ||
Residential and Commercial Real Estate [Member] | |||||
Financing Receivable, Impaired [Line Items] | |||||
Unpaid Contractual Principal Balance | 361,000 | 361,000 | 227,000 | ||
Total Recorded Investment | 361,000 | 361,000 | 208,000 | ||
Allocation of Allowance for Loan Losses | 0 | 0 | 0 | ||
Average Recorded Investment | 305,000 | 265,000 | 189,000 | ||
Interest Recognized | 6,000 | 18,000 | 13,000 | ||
Unpaid Contractual Principal Balance | 76,760,000 | 76,760,000 | 64,320,000 | ||
Total Recorded Investment | 69,760,000 | 69,760,000 | 61,816,000 | ||
Allocation of Allowance for Loan Losses | 1,502,000 | 1,502,000 | 2,334,000 | ||
Average Recorded Investment | 71,033,000 | 67,530,000 | 76,355,000 | ||
Interest Recognized | 521,000 | 1,850,000 | 2,215,000 | ||
Unpaid Contractual Principal Balance | 77,121,000 | 77,121,000 | 64,547,000 | ||
Total Recorded Investment | 70,121,000 | 70,121,000 | 62,024,000 | ||
Allocation of Allowance for Loan Losses | 1,502,000 | 1,502,000 | 2,334,000 | ||
Average Recorded Investment | 71,338,000 | 67,795,000 | 76,544,000 | ||
Interest Recognized | 527,000 | 1,868,000 | 2,228,000 | ||
Commercial and Industrial [Member] | |||||
Financing Receivable, Impaired [Line Items] | |||||
Unpaid Contractual Principal Balance | 202,000 | 202,000 | 105,000 | ||
Total Recorded Investment | 202,000 | 202,000 | 105,000 | ||
Allocation of Allowance for Loan Losses | 0 | 0 | 0 | ||
Average Recorded Investment | 225,000 | 189,000 | 85,000 | ||
Interest Recognized | 3,000 | 8,000 | 7,000 | ||
Unpaid Contractual Principal Balance | 10,269,000 | 10,269,000 | 16,777,000 | ||
Total Recorded Investment | 6,619,000 | 6,619,000 | 13,007,000 | ||
Allocation of Allowance for Loan Losses | 9,000 | 9,000 | 843,000 | ||
Average Recorded Investment | 8,276,000 | 11,361,000 | 9,726,000 | ||
Interest Recognized | 35,000 | 223,000 | 121,000 | ||
Unpaid Contractual Principal Balance | 10,471,000 | 10,471,000 | 16,882,000 | ||
Total Recorded Investment | 6,821,000 | 6,821,000 | 13,112,000 | ||
Allocation of Allowance for Loan Losses | 9,000 | 9,000 | 843,000 | ||
Average Recorded Investment | 8,501,000 | 11,550,000 | 9,811,000 | ||
Interest Recognized | 38,000 | 231,000 | 128,000 | ||
Agricultural and Other [Member] | |||||
Financing Receivable, Impaired [Line Items] | |||||
Allocation of Allowance for Loan Losses | 0 | 0 | 0 | ||
Unpaid Contractual Principal Balance | 33,000 | 33,000 | 297,000 | ||
Total Recorded Investment | 33,000 | 33,000 | 309,000 | ||
Allocation of Allowance for Loan Losses | 7,000 | ||||
Average Recorded Investment | 103,000 | 174,000 | 644,000 | ||
Interest Recognized | 3,000 | 8,000 | |||
Unpaid Contractual Principal Balance | 33,000 | 33,000 | 297,000 | ||
Total Recorded Investment | 33,000 | 33,000 | 309,000 | ||
Allocation of Allowance for Loan Losses | 7,000 | ||||
Average Recorded Investment | 103,000 | 174,000 | 644,000 | ||
Interest Recognized | 3,000 | 8,000 | |||
Consumer [Member] | |||||
Financing Receivable, Impaired [Line Items] | |||||
Unpaid Contractual Principal Balance | 27,000 | 27,000 | 18,000 | ||
Total Recorded Investment | 28,000 | 28,000 | |||
Allocation of Allowance for Loan Losses | 0 | 0 | 0 | ||
Average Recorded Investment | 29,000 | 23,000 | |||
Interest Recognized | 1,000 | 2,000 | 1,000 | ||
Unpaid Contractual Principal Balance | 2,245,000 | 2,245,000 | 179,000 | ||
Total Recorded Investment | 2,003,000 | 2,003,000 | 191,000 | ||
Average Recorded Investment | 1,092,000 | 638,000 | 163,000 | ||
Interest Recognized | 24,000 | 42,000 | |||
Unpaid Contractual Principal Balance | 2,272,000 | 2,272,000 | 197,000 | ||
Total Recorded Investment | 2,031,000 | 2,031,000 | 191,000 | ||
Average Recorded Investment | 1,121,000 | 661,000 | 163,000 | ||
Interest Recognized | 25,000 | 44,000 | 1,000 | ||
Multifamily Residential [Member] | |||||
Financing Receivable, Impaired [Line Items] | |||||
Allocation of Allowance for Loan Losses | 0 | 0 | 0 | ||
Unpaid Contractual Principal Balance | 2,405,000 | 2,405,000 | 1,627,000 | ||
Total Recorded Investment | 2,405,000 | 2,405,000 | 1,627,000 | ||
Allocation of Allowance for Loan Losses | 48,000 | 48,000 | 64,000 | ||
Average Recorded Investment | 2,561,000 | 2,116,000 | 1,412,000 | ||
Interest Recognized | 16,000 | 66,000 | 81,000 | ||
Unpaid Contractual Principal Balance | 2,405,000 | 2,405,000 | 1,627,000 | ||
Total Recorded Investment | 2,405,000 | 2,405,000 | 1,627,000 | ||
Allocation of Allowance for Loan Losses | 48,000 | 48,000 | 64,000 | ||
Average Recorded Investment | 2,561,000 | 2,116,000 | 1,412,000 | ||
Interest Recognized | $ 16,000 | $ 66,000 | $ 81,000 |
Allowance for Loan Losses, Cr_9
Allowance for Loan Losses, Credit Quality and Other - Presentation of Classified Loans by Class and Risk Rating (Detail) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | $ 10,683,375 | $ 10,133,136 |
Purchased credit impaired loans acquired | 149,440 | 198,052 |
Loans receivable | 10,832,815 | 10,331,188 |
Commercial Real Estate Non Farm Nonresidential [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 4,601,190 | 4,484,302 |
Loans receivable | 4,685,827 | 4,600,117 |
Commercial Real Estate Construction Land Development Loan [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 1,541,565 | 1,685,379 |
Loans receivable | 1,550,910 | 1,700,491 |
Agricultural [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 72,734 | 82,023 |
Loans receivable | 72,930 | 82,229 |
Residential 1-4 Family [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 1,949,006 | 1,928,219 |
Loans receivable | 1,982,666 | 1,970,311 |
Residential and Commercial Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 8,770,052 | 8,613,216 |
Loans receivable | 8,900,941 | 8,794,451 |
Agricultural and Other [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 199,841 | 191,729 |
Loans Receivable [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 10,832,815 | 10,331,188 |
Loans Receivable [Member] | Commercial Real Estate Non Farm Nonresidential [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 4,685,827 | 4,600,117 |
Loans Receivable [Member] | Commercial Real Estate Construction Land Development Loan [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 1,550,910 | 1,700,491 |
Loans Receivable [Member] | Agricultural [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 72,930 | 82,229 |
Loans Receivable [Member] | Residential 1-4 Family [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 1,982,666 | 1,970,311 |
Loans Receivable [Member] | Residential and Commercial Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 8,900,941 | 8,794,451 |
Consumer [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 425,970 | 45,163 |
Loans receivable | 428,192 | 46,148 |
Consumer [Member] | Loans Receivable [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 428,192 | 46,148 |
Commercial and Industrial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 1,287,512 | 1,283,028 |
Loans receivable | 1,303,841 | 1,297,397 |
Commercial and Industrial [Member] | Loans Receivable [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 1,303,841 | 1,297,397 |
Agricultural and Other [Member] | Loans Receivable [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 199,841 | 193,192 |
Multifamily Residential [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 605,557 | 433,293 |
Loans receivable | 608,608 | 441,303 |
Multifamily Residential [Member] | Loans Receivable [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 608,608 | 441,303 |
Risk Rated 1 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 37,548 | 38,145 |
Risk Rated 1 [Member] | Commercial Real Estate Non Farm Nonresidential [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 993 | 1,015 |
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 | 20 | 28 |
Risk Rated 1 [Member] | Residential 1-4 Family [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 770 | 1,140 |
Risk Rated 1 [Member] | Residential and Commercial Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 1,783 | 2,183 |
Risk Rated 1 [Member] | Agricultural and Other [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 1,045 | 1,986 |
Risk Rated 1 [Member] | Consumer [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 13,051 | 13,106 |
Risk Rated 1 [Member] | Commercial and Industrial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 21,669 | 20,870 |
Risk Rated 2 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 14,973 | 14,394 |
Risk Rated 2 [Member] | Commercial Real Estate Non Farm Nonresidential [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 299 | 558 |
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 | 736 | 583 |
Risk Rated 2 [Member] | Agricultural [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 19 | |
Risk Rated 2 [Member] | Residential 1-4 Family [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 750 | 969 |
Risk Rated 2 [Member] | Residential and Commercial Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 1,785 | 2,129 |
Risk Rated 2 [Member] | Agricultural and Other [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 3,388 | 3,914 |
Risk Rated 2 [Member] | Consumer [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 995 | 808 |
Risk Rated 2 [Member] | Commercial and Industrial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 8,805 | 7,543 |
Risk Rated 3 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 5,931,028 | 5,470,879 |
Risk Rated 3 [Member] | Commercial Real Estate Non Farm Nonresidential [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 2,660,482 | 2,595,844 |
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 | 261,009 | 280,980 |
Risk Rated 3 [Member] | Agricultural [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 35,336 | 53,018 |
Risk Rated 3 [Member] | Residential 1-4 Family [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 1,454,690 | 1,414,849 |
Risk Rated 3 [Member] | Residential and Commercial Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 4,809,811 | 4,673,761 |
Risk Rated 3 [Member] | Agricultural and Other [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 134,301 | 147,323 |
Risk Rated 3 [Member] | Consumer [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 397,060 | 22,479 |
Risk Rated 3 [Member] | Commercial and Industrial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 589,856 | 627,316 |
Risk Rated 3 [Member] | Multifamily Residential [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 398,294 | 329,070 |
Risk Rated 4 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 4,529,007 | 4,364,106 |
Risk Rated 4 [Member] | Commercial Real Estate Non Farm Nonresidential [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 1,863,651 | 1,745,778 |
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 | 1,263,515 | 1,373,133 |
Risk Rated 4 [Member] | Agricultural [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 36,099 | 27,515 |
Risk Rated 4 [Member] | Residential 1-4 Family [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 461,225 | 475,619 |
Risk Rated 4 [Member] | Residential and Commercial Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 3,830,770 | 3,725,116 |
Risk Rated 4 [Member] | Agricultural and Other [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 60,520 | 38,370 |
Risk Rated 4 [Member] | Consumer [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 13,617 | 8,532 |
Risk Rated 4 [Member] | Commercial and Industrial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 624,100 | 592,088 |
Risk Rated 4 [Member] | Multifamily Residential [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 206,280 | 103,071 |
Risk Rated 5 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 74,927 | 161,498 |
Risk Rated 5 [Member] | Commercial Real Estate Non Farm Nonresidential [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 33,857 | 119,656 |
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 | 923 | 6,438 |
Risk Rated 5 [Member] | Agricultural [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 981 | 1,150 |
Risk Rated 5 [Member] | Residential 1-4 Family [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 7,536 | 11,658 |
Risk Rated 5 [Member] | Residential and Commercial Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 43,297 | 139,115 |
Risk Rated 5 [Member] | Agricultural and Other [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 537 | |
Risk Rated 5 [Member] | Consumer [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 129 | 70 |
Risk Rated 5 [Member] | Commercial and Industrial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 30,964 | 22,313 |
Risk Rated 5 [Member] | Multifamily Residential [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 213 | |
Classified Total [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 95,892 | 84,114 |
Classified Total [Member] | Commercial Real Estate Non Farm Nonresidential [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 41,908 | 21,451 |
Classified Total [Member] | Commercial Real Estate Construction Land Development Loan [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 15,362 | 24,217 |
Classified Total [Member] | Agricultural [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 318 | 321 |
Classified Total [Member] | Residential 1-4 Family [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 24,035 | 23,984 |
Classified Total [Member] | Residential and Commercial Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 82,606 | 70,912 |
Classified Total [Member] | Agricultural and Other [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 50 | 136 |
Classified Total [Member] | Loans Receivable [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 95,892 | 84,114 |
Classified Total [Member] | Loans Receivable [Member] | Commercial Real Estate Non Farm Nonresidential [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 41,908 | 21,451 |
Classified Total [Member] | Loans Receivable [Member] | Commercial Real Estate Construction Land Development Loan [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 15,362 | 24,217 |
Classified Total [Member] | Loans Receivable [Member] | Agricultural [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 318 | 321 |
Classified Total [Member] | Loans Receivable [Member] | Residential 1-4 Family [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 24,035 | 23,984 |
Classified Total [Member] | Loans Receivable [Member] | Residential and Commercial Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 82,606 | 70,912 |
Classified Total [Member] | Consumer [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 1,118 | 168 |
Classified Total [Member] | Consumer [Member] | Loans Receivable [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 1,118 | 168 |
Classified Total [Member] | Commercial and Industrial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 12,118 | 12,898 |
Classified Total [Member] | Commercial and Industrial [Member] | Loans Receivable [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 12,118 | 12,898 |
Classified Total [Member] | Agricultural and Other [Member] | Loans Receivable [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 50 | 136 |
Classified Total [Member] | Multifamily Residential [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable not covered by loss share | 983 | 939 |
Classified Total [Member] | Multifamily Residential [Member] | Loans Receivable [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 983 | 939 |
Risk Rated 6 [Member] | Loans Receivable [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 93,410 | 82,739 |
Risk Rated 6 [Member] | Loans Receivable [Member] | Commercial Real Estate Non Farm Nonresidential [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 41,424 | 20,933 |
Risk Rated 6 [Member] | Loans Receivable [Member] | Commercial Real Estate Construction Land Development Loan [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 14,502 | 24,013 |
Risk Rated 6 [Member] | Loans Receivable [Member] | Agricultural [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 315 | 321 |
Risk Rated 6 [Member] | Loans Receivable [Member] | Residential 1-4 Family [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 23,782 | 23,420 |
Risk Rated 6 [Member] | Loans Receivable [Member] | Residential and Commercial Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 81,006 | 69,626 |
Risk Rated 6 [Member] | Consumer [Member] | Loans Receivable [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 1,117 | 159 |
Risk Rated 6 [Member] | Commercial and Industrial [Member] | Loans Receivable [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 11,237 | 12,818 |
Risk Rated 6 [Member] | Agricultural and Other [Member] | Loans Receivable [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 50 | 136 |
Risk Rated 6 [Member] | Multifamily Residential [Member] | Loans Receivable [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 983 | 939 |
Risk Rated 7 [Member] | Loans Receivable [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 2,482 | 1,375 |
Risk Rated 7 [Member] | Loans Receivable [Member] | Commercial Real Estate Non Farm Nonresidential [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 484 | 518 |
Risk Rated 7 [Member] | Loans Receivable [Member] | Commercial Real Estate Construction Land Development Loan [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 860 | 204 |
Risk Rated 7 [Member] | Loans Receivable [Member] | Agricultural [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 3 | |
Risk Rated 7 [Member] | Loans Receivable [Member] | Residential 1-4 Family [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 253 | 564 |
Risk Rated 7 [Member] | Loans Receivable [Member] | Residential and Commercial Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 1,600 | 1,286 |
Risk Rated 7 [Member] | Consumer [Member] | Loans Receivable [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 1 | 9 |
Risk Rated 7 [Member] | Commercial and Industrial [Member] | Loans Receivable [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | $ 881 | $ 80 |
Allowance for Loan Losses, C_10
Allowance for Loan Losses, Credit Quality and Other - Presentation of Troubled Debt Restructurings ("TDRs") by Class (Detail) - Loans Receivable [Member] $ in Thousands | 9 Months Ended | 12 Months Ended |
Sep. 30, 2018USD ($)Contracts | Dec. 31, 2017USD ($)Contracts | |
Financing Receivable, Modifications [Line Items] | ||
Number of Loans | Contracts | 65 | 62 |
Pre-Modification Outstanding Balance | $ 24,297 | $ 26,424 |
Post-Modification Outstanding Balance | $ 18,917 | $ 21,198 |
Commercial Real Estate Non Farm Nonresidential [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Loans | Contracts | 16 | 16 |
Pre-Modification Outstanding Balance | $ 16,018 | $ 16,853 |
Post-Modification Outstanding Balance | $ 13,413 | $ 14,578 |
Commercial Real Estate Construction Land Development Loan [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Loans | Contracts | 3 | 5 |
Pre-Modification Outstanding Balance | $ 641 | $ 782 |
Post-Modification Outstanding Balance | $ 615 | $ 764 |
Agricultural [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Loans | Contracts | 2 | 2 |
Pre-Modification Outstanding Balance | $ 345 | $ 345 |
Post-Modification Outstanding Balance | $ 299 | $ 304 |
Residential 1-4 Family [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Loans | Contracts | 24 | 21 |
Pre-Modification Outstanding Balance | $ 4,494 | $ 5,607 |
Post-Modification Outstanding Balance | $ 2,493 | $ 3,245 |
Residential and Commercial Real Estate [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Loans | Contracts | 48 | 47 |
Pre-Modification Outstanding Balance | $ 23,199 | $ 25,288 |
Post-Modification Outstanding Balance | $ 18,388 | $ 20,518 |
Agricultural and Other [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Loans | Contracts | 1 | |
Pre-Modification Outstanding Balance | $ 166 | |
Post-Modification Outstanding Balance | $ 166 | |
Consumer [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Loans | Contracts | 4 | 3 |
Pre-Modification Outstanding Balance | $ 36 | $ 19 |
Post-Modification Outstanding Balance | $ 28 | $ 18 |
Commercial and Industrial [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Loans | Contracts | 13 | 11 |
Pre-Modification Outstanding Balance | $ 1,062 | $ 951 |
Post-Modification Outstanding Balance | 501 | 496 |
Rate Modification [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Post-Modification Outstanding Balance | 11,805 | 13,663 |
Rate Modification [Member] | Commercial Real Estate Non Farm Nonresidential [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Post-Modification Outstanding Balance | 8,177 | 8,815 |
Rate Modification [Member] | Commercial Real Estate Construction Land Development Loan [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Post-Modification Outstanding Balance | 546 | 689 |
Rate Modification [Member] | Agricultural [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Post-Modification Outstanding Balance | 283 | 282 |
Rate Modification [Member] | Residential 1-4 Family [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Post-Modification Outstanding Balance | 1,105 | 1,926 |
Rate Modification [Member] | Residential and Commercial Real Estate [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Post-Modification Outstanding Balance | 11,392 | 13,052 |
Rate Modification [Member] | Agricultural and Other [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Post-Modification Outstanding Balance | 166 | |
Rate Modification [Member] | Consumer [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Post-Modification Outstanding Balance | 17 | |
Rate Modification [Member] | Commercial and Industrial [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Post-Modification Outstanding Balance | 396 | 445 |
Term Modification [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Post-Modification Outstanding Balance | 1,296 | 496 |
Term Modification [Member] | Commercial Real Estate Non Farm Nonresidential [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Post-Modification Outstanding Balance | 742 | 250 |
Term Modification [Member] | Commercial Real Estate Construction Land Development Loan [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Post-Modification Outstanding Balance | 69 | 75 |
Term Modification [Member] | Agricultural [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Post-Modification Outstanding Balance | 16 | 22 |
Term Modification [Member] | Residential 1-4 Family [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Post-Modification Outstanding Balance | 353 | 81 |
Term Modification [Member] | Residential and Commercial Real Estate [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Post-Modification Outstanding Balance | 1,180 | 428 |
Term Modification [Member] | Consumer [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Post-Modification Outstanding Balance | 11 | 18 |
Term Modification [Member] | Commercial and Industrial [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Post-Modification Outstanding Balance | 105 | 50 |
Rate and Term Modification [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Post-Modification Outstanding Balance | 5,816 | 7,039 |
Rate and Term Modification [Member] | Commercial Real Estate Non Farm Nonresidential [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Post-Modification Outstanding Balance | 4,494 | 5,513 |
Rate and Term Modification [Member] | Residential 1-4 Family [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Post-Modification Outstanding Balance | 1,035 | 1,238 |
Rate and Term Modification [Member] | Residential and Commercial Real Estate [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Post-Modification Outstanding Balance | $ 5,816 | 7,038 |
Rate and Term Modification [Member] | Commercial and Industrial [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Post-Modification Outstanding Balance | $ 1 | |
Multifamily Residential [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Loans | Contracts | 3 | 3 |
Pre-Modification Outstanding Balance | $ 1,701 | $ 1,701 |
Post-Modification Outstanding Balance | 1,568 | 1,627 |
Multifamily Residential [Member] | Rate Modification [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Post-Modification Outstanding Balance | 1,281 | 1,340 |
Multifamily Residential [Member] | Rate and Term Modification [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Post-Modification Outstanding Balance | $ 287 | $ 287 |
Allowance for Loan Losses, C_11
Allowance for Loan Losses, Credit Quality and Other - Presentation of TDR's on Non-Accrual Status (Detail) $ in Thousands | 9 Months Ended | 12 Months Ended |
Sep. 30, 2018USD ($)Contracts | Dec. 31, 2017USD ($)Contracts | |
Financing Receivable, Modifications [Line Items] | ||
Number of Loans | Contracts | 20 | 13 |
Recorded Balance | $ | $ 1,835 | $ 2,186 |
Multifamily Residential [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Loans | Contracts | 1 | 1 |
Recorded Balance | $ | $ 146 | $ 153 |
Commercial Real Estate Non Farm Nonresidential [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Loans | Contracts | 3 | 2 |
Recorded Balance | $ | $ 758 | $ 1,161 |
Agricultural [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Loans | Contracts | 1 | 1 |
Recorded Balance | $ | $ 16 | $ 22 |
Residential 1-4 Family [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Loans | Contracts | 9 | 8 |
Recorded Balance | $ | $ 787 | $ 850 |
Residential and Commercial Real Estate [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Loans | Contracts | 14 | 12 |
Recorded Balance | $ | $ 1,707 | $ 2,186 |
Commercial and Industrial [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Loans | Contracts | 6 | 1 |
Recorded Balance | $ | $ 128 |
Allowance for Loan Losses, C_12
Allowance for Loan Losses, Credit Quality and Other - Summary of Total Foreclosed Assets (Detail) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Schedule Of Foreclosed Assets Activity [Line Items] | ||
Total foreclosed assets held for sale | $ 13,507 | $ 18,867 |
Commercial Real Estate Non Farm Nonresidential [Member] | ||
Schedule Of Foreclosed Assets Activity [Line Items] | ||
Total foreclosed assets held for sale | 5,858 | 9,766 |
Commercial Real Estate Construction Land Development Loan [Member] | ||
Schedule Of Foreclosed Assets Activity [Line Items] | ||
Total foreclosed assets held for sale | 3,539 | 5,920 |
Residential 1-4 Family [Member] | ||
Schedule Of Foreclosed Assets Activity [Line Items] | ||
Total foreclosed assets held for sale | 3,885 | 2,654 |
Commercial Real Estate Agriculture [Member] | ||
Schedule Of Foreclosed Assets Activity [Line Items] | ||
Total foreclosed assets held for sale | 155 | |
Multifamily Residential [Member] | ||
Schedule Of Foreclosed Assets Activity [Line Items] | ||
Total foreclosed assets held for sale | $ 70 | $ 527 |
Allowance for Loan Losses, C_13
Allowance for Loan Losses, Credit Quality and Other - Summary of Purchased Credit Impaired Loans Acquired (Detail) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | ||
Non-accretable difference (expected losses and foregone interest) | $ 40,500 | $ 51,900 |
Accretable yield | 80,300 | $ 94,700 |
Shore Premier Finance [Member] | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | ||
Contractually required principal and interest at acquisition | 3,496 | |
Non-accretable difference (expected losses and foregone interest) | 285 | |
Cash flows expected to be collected at acquisition | 3,211 | |
Cash flows expected to be collected at acquisition | 3,211 | |
Accretable yield | 808 | |
Basis in purchased credit impaired loans at acquisition | 2,403 | |
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 | |
Stonegate Bank [Member] | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | ||
Contractually required principal and interest at acquisition | 98,444 | |
Non-accretable difference (expected losses and foregone interest) | 23,297 | |
Cash flows expected to be collected at acquisition | 75,147 | |
Cash flows expected to be collected at acquisition | 75,147 | |
Accretable yield | 11,761 | |
Basis in purchased credit impaired loans at acquisition | $ 63,386 |
Allowance for Loan Losses, C_14
Allowance for Loan Losses, Credit Quality and Other - Changes in Carrying Amount of Accretable Yield for Purchased Credit Impaired Loans (Detail) $ in Thousands | 9 Months Ended |
Sep. 30, 2018USD ($) | |
Receivables [Abstract] | |
Balance at beginning of period, Accretable Yield | $ 41,803 |
Reforecasted future interest payments for loan pools, Accretable Yield | (459) |
Contractual accretion recorded to interest income | (13,206) |
Acquisitions, Accretable Yield | 808 |
Adjustment to yield, Accretable Yield | 8,519 |
Transfers to foreclosed assets held for sale, Accretable Yield | 0 |
Payments received, net, Accretable Yield | 0 |
Balance at end of period, Accretable Yield | 37,465 |
Balance at beginning of period, Carrying Amount of Loans | 198,052 |
Reforecasted future interest payments for loan pools, Carrying Amount of Loans | 0 |
Contractual accretion recorded to interest income | 13,206 |
Acquisitions, Carrying Amount of Loans | 2,403 |
Adjustment to yield, Carrying Amount of Loans | 0 |
Transfers to foreclosed assets held for sale | (2,156) |
Payments received, net, Carrying Amount of Loans | (62,065) |
Balance at end of period, Carrying Amount of Loans | $ 149,440 |
Goodwill and Core Deposits an_3
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 | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | Dec. 31, 2017 | |
Goodwill | |||||
Balance, beginning of period | $ 927,949 | $ 377,983 | $ 377,983 | ||
Acquisitions | 30,459 | 549,966 | |||
Balance, end of period | $ 958,408 | 958,408 | 927,949 | ||
Core Deposit and Other Intangibles | |||||
Balance, beginning of period | 49,351 | 18,311 | 18,311 | ||
Acquisitions | 35,247 | ||||
Amortization expense | (1,617) | $ (906) | (4,867) | (2,576) | (1,631) |
Balance, end of period | $ 44,484 | $ 50,982 | $ 44,484 | $ 50,982 | $ 49,351 |
Goodwill and Core Deposits an_4
Goodwill and Core Deposits and Other Intangibles - Summary of Carrying Amount and Accumulated Amortization of Core Deposits and Other Intangibles (Detail) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 | Sep. 30, 2017 | Dec. 31, 2016 |
Goodwill and Intangible Assets Disclosure [Abstract] | ||||
Gross carrying basis | $ 86,625 | $ 86,625 | ||
Accumulated amortization | (42,141) | (37,274) | ||
Net carrying amount | $ 44,484 | $ 49,351 | $ 50,982 | $ 18,311 |
Goodwill and Core Deposits an_5
Goodwill and Core Deposits and Other Intangibles - Additional Information (Detail) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | Dec. 31, 2017 | Dec. 31, 2016 | |
Goodwill and Intangible Assets Disclosure [Abstract] | ||||||
Core deposit and other intangible amortization | $ 1,617 | $ 906 | $ 4,867 | $ 2,576 | $ 1,631 | |
Amortization expense for year 2018 | 6,600 | 6,600 | ||||
Amortization expense for year 2019 | 6,500 | 6,500 | ||||
Amortization expense for year 2020 | 5,900 | 5,900 | ||||
Amortization expense for year 2021 | 5,700 | 5,700 | ||||
Amortization expense for year 2022 | 5,700 | 5,700 | ||||
Amortization expense for year 2023 | 5,500 | 5,500 | ||||
Carrying amount of Company's goodwill | $ 958,408 | $ 958,408 | $ 927,949 | $ 377,983 |
Other Assets - Additional Infor
Other Assets - Additional Information (Detail) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Schedule Of Other Assets [Line Items] | ||
Other assets | $ 187,339 | $ 177,779 |
Federal Home Loan Bank ("FHLB") and Federal Reserve Bank ("Federal Reserve") [Member] | ||
Schedule Of Other Assets [Line Items] | ||
Fair value of equity securities | 134,100 | 132,100 |
First National Bankers' Bank and Other Miscellaneous Holdings [Member] | ||
Schedule Of Other Assets [Line Items] | ||
Fair value of equity securities | $ 24,500 | $ 23,900 |
Deposits - Additional Informati
Deposits - Additional Information (Detail) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | Dec. 31, 2017 | |
Deposits [Line Items] | |||||
Time deposits with a minimum denomination of $250,000 | $ 784,800 | $ 784,800 | $ 636,900 | ||
Time deposits with a minimum denomination of $100,000 | 1,250,000 | 1,250,000 | 998,300 | ||
Interest expense applicable to certificate | 4,900 | $ 2,200 | 11,500 | $ 5,800 | |
Brokered deposits | 591,600 | 591,600 | 1,030,000 | ||
Total deposits | 10,624,738 | 10,624,738 | 10,388,502 | ||
State and Political Subdivisions [Member] | |||||
Deposits [Line Items] | |||||
Total deposits | $ 1,840,000 | $ 1,840,000 | $ 1,510,000 |
Securities Sold Under Agreeme_3
Securities Sold Under Agreements to Repurchase - Additional Information (Detail) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | Dec. 31, 2017 | |
Securities Sold under Agreements to Repurchase [Abstract] | |||||
Securities sold under agreements to repurchase | $ 142,146 | $ 142,146 | $ 147,789 | ||
Securities sold under agreements to repurchase daily weighted average | $ 148,800 | $ 135,900 | $ 148,500 | $ 129,600 |
Securities Sold Under Agreeme_4
Securities Sold Under Agreements to Repurchase - Summary of Remaining Contractual Maturity of Securities Sold Under Agreements to Repurchase (Detail) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Assets Sold under Agreements to Repurchase [Line Items] | ||
Total borrowings | $ 142,146 | $ 147,789 |
U.S. Government-Sponsored Enterprises [Member] | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Total borrowings | 26,134 | 21,525 |
Mortgage-Backed Securities [Member] | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Total borrowings | 9,694 | 21,255 |
State and Political Subdivisions [Member] | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Total borrowings | 90,715 | 85,428 |
Other Securities [Member] | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Total borrowings | 15,603 | 19,581 |
Overnight and Continuous [Member] | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Total borrowings | 142,146 | 137,789 |
Overnight and Continuous [Member] | U.S. Government-Sponsored Enterprises [Member] | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Total borrowings | 26,134 | 11,525 |
Overnight and Continuous [Member] | Mortgage-Backed Securities [Member] | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Total borrowings | 9,694 | 21,255 |
Overnight and Continuous [Member] | State and Political Subdivisions [Member] | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Total borrowings | 90,715 | 85,428 |
Overnight and Continuous [Member] | Other Securities [Member] | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Total borrowings | $ 15,603 | 19,581 |
Greater than 90 Days [Member] | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Total borrowings | 10,000 | |
Greater than 90 Days [Member] | U.S. Government-Sponsored Enterprises [Member] | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Total borrowings | $ 10,000 |
FHLB Borrowed Funds - Additiona
FHLB Borrowed Funds - Additional Information (Detail) - USD ($) $ in Millions | Sep. 30, 2018 | Dec. 31, 2017 |
Borrowed Funds [Line Items] | ||
FHLB borrowed funds | $ 1,360 | $ 1,300 |
Maturity of FHLB advances | 2,033 | |
Short-term advances | $ 750 | 525 |
Long-term advances | 609.9 | 774.2 |
Line of credit | 941.3 | $ 695.3 |
Maturities of Borrowings, remainder of 2018 | 770 | |
Maturities of Borrowings, 2019 | 143 | |
Maturities of Borrowings, 2020 | 146.4 | |
Maturities of Borrowings, 2021 | 0 | |
Maturities of Borrowings, 2022 | 0 | |
Maturities of Borrowings, after 2023 | 300.4 | |
Callable by FHLB [Member] | ||
Borrowed Funds [Line Items] | ||
Maturities of Borrowings, after 2023 | $ 300 | |
Minimum [Member] | ||
Borrowed Funds [Line Items] | ||
FHLB interest rate | 1.00% | |
Maximum [Member] | ||
Borrowed Funds [Line Items] | ||
FHLB interest rate | 4.80% |
Other Borrowings - Additional I
Other Borrowings - Additional Information (Detail) - USD ($) | Sep. 30, 2018 | Dec. 31, 2017 |
Line of Credit Facility [Line Items] | ||
Unsecured line of credit | $ 941,300,000 | $ 695,300,000 |
Other borrowings | 0 | |
Line of Credit [Member] | ||
Line of Credit Facility [Line Items] | ||
Credit facility, maximum borrowing capacity | 20,000,000 | |
Unsecured line of credit | $ 0 | $ 0 |
Subordinated Debentures - Prefe
Subordinated Debentures - Preferred Trust Securities and Subordinated Debentures (Detail) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Debt Instrument [Line Items] | ||
Subordinated debentures, issued | $ 368,596 | $ 368,031 |
Due 2036, fixed rate of 6.75% during the first five years and at a floating rate of 1.85% [Member] | Trust Preferred Securities [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] | Trust Preferred Securities [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] | Trust Preferred Securities [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] | Trust Preferred Securities [Member] | ||
Debt Instrument [Line Items] | ||
Subordinated debentures, issued | 16,495 | 16,495 |
Due 2035, floating rate 2.15% [Member] | Trust Preferred Securities [Member] | ||
Debt Instrument [Line Items] | ||
Subordinated debentures, issued | 4,341 | 4,304 |
Due 2036, fixed Rate 7.38% during the first five years and at a floating rate of 1.62% [Member] | Trust Preferred Securities [Member] | ||
Debt Instrument [Line Items] | ||
Subordinated debentures, issued | 5,638 | 5,569 |
Due 2027, Fixed Rate of 5.625% During the First Five Years and at a Floating Rate of 3.575% [Member] | Subordinated Debt [Member] | ||
Debt Instrument [Line Items] | ||
Subordinated debentures, issued | $ 297,791 | $ 297,332 |
Subordinated Debentures - Pre_2
Subordinated Debentures - Preferred Trust Securities and Subordinated Debentures (Parenthetical) (Detail) | 9 Months Ended | 12 Months Ended |
Sep. 30, 2018 | Dec. 31, 2017 | |
Due 2036, fixed rate of 6.75% during the first five years and at a floating rate of 1.85% [Member] | Trust Preferred Securities [Member] | ||
Debt Instrument [Line Items] | ||
Subordinated debentures, issued date | Dec. 31, 2006 | Dec. 31, 2006 |
Subordinated debentures, due date | Dec. 31, 2036 | Dec. 31, 2036 |
Fixed rate for first five years | 6.75% | 6.75% |
Due 2036, fixed rate of 6.75% during the first five years and at a floating rate of 1.85% [Member] | Trust Preferred Securities [Member] | LIBOR [Member] | ||
Debt Instrument [Line Items] | ||
Floating rate above three-month LIBOR rate | 1.85% | 1.85% |
Due 2034, fixed rate of 6.00% during the first five years and at a floating rate of 2.00% [Member] | Trust Preferred Securities [Member] | ||
Debt Instrument [Line Items] | ||
Subordinated debentures, issued date | Dec. 31, 2004 | Dec. 31, 2004 |
Subordinated debentures, due date | Dec. 31, 2034 | Dec. 31, 2034 |
Fixed rate for first five years | 6.00% | 6.00% |
Due 2034, fixed rate of 6.00% during the first five years and at a floating rate of 2.00% [Member] | Trust Preferred Securities [Member] | LIBOR [Member] | ||
Debt Instrument [Line Items] | ||
Floating rate above three-month LIBOR rate | 2.00% | 2.00% |
Due 2035, fixed rate of 5.84% during the first five years and at a floating rate of 1.45% [Member] | Trust Preferred Securities [Member] | ||
Debt Instrument [Line Items] | ||
Subordinated debentures, issued date | Dec. 31, 2005 | Dec. 31, 2005 |
Subordinated debentures, due date | Dec. 31, 2035 | Dec. 31, 2035 |
Fixed rate for first five years | 5.84% | 5.84% |
Due 2035, fixed rate of 5.84% during the first five years and at a floating rate of 1.45% [Member] | Trust Preferred Securities [Member] | LIBOR [Member] | ||
Debt Instrument [Line Items] | ||
Floating rate above three-month LIBOR rate | 1.45% | 1.45% |
Due 2034, fixed rate of 4.29% during the first five years and at a floating rate of 2.50% [Member] | Trust Preferred Securities [Member] | ||
Debt Instrument [Line Items] | ||
Subordinated debentures, issued date | Dec. 31, 2004 | Dec. 31, 2004 |
Subordinated debentures, due date | Dec. 31, 2034 | Dec. 31, 2034 |
Fixed rate for first five years | 4.29% | 4.29% |
Due 2034, fixed rate of 4.29% during the first five years and at a floating rate of 2.50% [Member] | Trust Preferred Securities [Member] | LIBOR [Member] | ||
Debt Instrument [Line Items] | ||
Floating rate above three-month LIBOR rate | 2.50% | 2.50% |
Due 2035, floating rate 2.15% [Member] | Trust Preferred Securities [Member] | ||
Debt Instrument [Line Items] | ||
Subordinated debentures, issued date | Dec. 31, 2005 | Dec. 31, 2005 |
Subordinated debentures, due date | Dec. 31, 2035 | Dec. 31, 2035 |
Due 2035, floating rate 2.15% [Member] | Trust Preferred Securities [Member] | LIBOR [Member] | ||
Debt Instrument [Line Items] | ||
Floating rate above three-month LIBOR rate | 2.15% | 2.15% |
Due 2036, fixed Rate 7.38% during the first five years and at a floating rate of 1.62% [Member] | Trust Preferred Securities [Member] | ||
Debt Instrument [Line Items] | ||
Subordinated debentures, issued date | Dec. 31, 2006 | Dec. 31, 2006 |
Subordinated debentures, due date | Dec. 31, 2036 | Dec. 31, 2036 |
Fixed rate for first five years | 7.38% | 7.38% |
Due 2036, fixed Rate 7.38% during the first five years and at a floating rate of 1.62% [Member] | Trust Preferred Securities [Member] | LIBOR [Member] | ||
Debt Instrument [Line Items] | ||
Floating rate above three-month LIBOR rate | 1.62% | 1.62% |
Due 2027, Fixed Rate of 5.625% During the First Five Years and at a Floating Rate of 3.575% [Member] | Subordinated Debt [Member] | ||
Debt Instrument [Line Items] | ||
Subordinated debentures, issued date | Sep. 30, 2017 | Sep. 30, 2017 |
Subordinated debentures, due date | Sep. 30, 2027 | Dec. 31, 2027 |
Fixed rate for first five years | 5.625% | 5.625% |
Due 2027, Fixed Rate of 5.625% During the First Five Years and at a Floating Rate of 3.575% [Member] | Subordinated Debt [Member] | LIBOR [Member] | ||
Debt Instrument [Line Items] | ||
Floating rate above three-month LIBOR rate | 3.575% | 3.575% |
Subordinated debentures, callable year | 2,022 |
Subordinated Debentures - Addit
Subordinated Debentures - Additional Information (Detail) - USD ($) $ in Millions | 9 Months Ended | |
Sep. 30, 2018 | Dec. 31, 2017 | |
Trust Preferred Securities [Member] | Stonegate Bank [Member] | ||
Debt Instrument [Line Items] | ||
Trust preferred securities, face amount | $ 12.5 | |
Trust preferred securities, fair value | 9.9 | |
Trust preferred securities, carrying value | $ 9.9 | $ 9.8 |
Debt instrument, redemption description | The associated subordinated debentures are redeemable, in whole or in part, prior to maturity at our option on a quarterly basis when interest is due and payable and in whole at any time within 90 days following the occurrence and continuation of certain changes in the tax treatment or capital treatment of the debentures. | |
Trust Preferred Securities [Member] | ||
Debt Instrument [Line Items] | ||
Face value of company held trust preferred securities | $ 73.3 |
Income Taxes - Additional infor
Income Taxes - Additional information (Detail) | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | Dec. 31, 2017 | |
Income Tax Disclosure [Abstract] | |||||
Statutory federal income tax rate | 21.00% | 35.00% | 21.00% | 35.00% | 35.00% |
Income Taxes - Summary of Compo
Income Taxes - Summary of Components of Provision (Benefit) for Income Taxes (Detail) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Current: | ||||
Federal | $ 17,999 | $ 17,289 | $ 44,354 | $ 65,958 |
State | 5,958 | 3,434 | 14,683 | 13,101 |
Total current | 23,957 | 20,723 | 59,037 | 79,059 |
Deferred: | ||||
Federal | 1,047 | (11,002) | 10,964 | (13,238) |
State | 346 | (2,185) | 3,629 | (2,629) |
Total deferred | 1,393 | (13,187) | 14,593 | (15,867) |
Income tax expense | $ 25,350 | $ 7,536 | $ 73,630 | $ 63,192 |
Income Taxes - Reconciliation b
Income Taxes - Reconciliation between Statutory Federal Income Tax Rate and Effective Income Tax Rate (Detail) | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | Dec. 31, 2017 | |
Effective Income Tax Rate Reconciliation, Percent [Abstract] | |||||
Statutory federal income tax rate | 21.00% | 35.00% | 21.00% | 35.00% | 35.00% |
Effect of non-taxable interest income | (0.84%) | (4.48%) | (0.80%) | (1.82%) | |
Effect of gain on acquisitions | (0.76%) | ||||
Stock compensation | (0.12%) | (0.09%) | (0.18%) | (0.49%) | |
State income taxes, net of federal benefit | 3.30% | 3.91% | 3.60% | 4.01% | |
Other | 0.66% | (0.63%) | 0.68% | 0.18% | |
Effective income tax rate | 24.00% | 33.71% | 24.30% | 36.12% |
Income Taxes - Differences Betw
Income Taxes - Differences Between Tax Basis of Assets and Liabilities (Detail) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Deferred tax assets: | ||
Allowance for loan losses | $ 30,023 | $ 29,515 |
Deferred compensation | 2,868 | 1,142 |
Stock compensation | 3,674 | 2,731 |
Real estate owned | 1,419 | 1,731 |
Unrealized loss on securities available-for-sale | 11,118 | 1,471 |
Loan discounts | 25,144 | 32,784 |
Tax basis premium/discount on acquisitions | 8,387 | 8,802 |
Investments | 1,008 | 1,155 |
Other | 10,552 | 11,663 |
Gross deferred tax assets | 94,193 | 90,994 |
Deferred tax liabilities: | ||
Accelerated depreciation on premises and equipment | 1,157 | 291 |
Core deposit intangibles | 10,163 | 11,258 |
FHLB dividends | 1,712 | 1,625 |
Other | 1,613 | 1,256 |
Gross deferred tax liabilities | 14,645 | 14,430 |
Net deferred tax assets | $ 79,548 | $ 76,564 |
Common Stock, Compensation Pl_3
Common Stock, Compensation Plans and Other - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Millions | Feb. 21, 2018 | Sep. 30, 2018 | Sep. 30, 2018 | Sep. 30, 2017 | Dec. 31, 2017 |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||
Common stock, shares authorized | 200,000,000 | 200,000,000 | 200,000,000 | ||
Common stock, par value | $ 0.01 | $ 0.01 | $ 0.01 | ||
Preferred stock, shares authorized | 5,500,000 | 5,500,000 | |||
Preferred stock, par value | $ 0.01 | $ 0.01 | |||
Number of additional shares authorized to repurchase | 5,000,000 | ||||
Number of shares authorized to be repurchased, total | 14,752,000 | ||||
Number of shares repurchased during period | 1,863,400 | 800,000 | 57,800 | ||
Weighted average stock price | $ 23.14 | ||||
Repurchase of combining of all the shares | 6,388,264 | ||||
Remaining balance available for repurchase | 8,363,736 | 8,363,736 | |||
Remaining shares of common stock available for future grants | 1,841,443 | 1,841,443 | |||
Shares of common stock reserved for issuance | 5,477,700 | 5,477,700 | |||
Stock options granted | 1,576,000 | 80,000 | |||
Stock options granted | 1,005,000 | 232,000 | |||
Intrinsic value of stock options outstanding | $ 11 | $ 11 | |||
Intrinsic value of stock options vested | 8 | 8 | |||
Share-based compensation expenses related to non-vested awards | 1.4 | ||||
Unrecognized compensation cost net of income tax benefit, related to non-vested stock option awards | $ 13.3 | $ 13.3 | |||
Weighted average fair value of options granted (split adjusted) | $ 5.58 | $ 7.10 | |||
Unrecognized compensation cost weighted-average remaining contractual life | 7 years 9 months 18 days | ||||
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 | 13,288,000 | 13,288,000 | |||
2006 Stock Option and Performance Incentive Plan [Member] | Scenario, Plan [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||
Maximum number of shares available for grants under the plan | 13,288,000 | 13,288,000 | |||
Increase in number of shares available for grants under the plan | 2,000,000 | ||||
HOMB $2.00 Program [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||
Stock options granted | 1,452,000 | ||||
Target diluted earnings per share | $ 2 | ||||
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 | $ 30.2 | $ 30.2 | |||
Restricted Shares [Member] | HOMB $2.00 Program [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||
Stock options granted | 843,500 |
Common Stock, Compensation Pl_4
Common Stock, Compensation Plans and Other - Summary of Stock Option Transactions under Incentive Plan (Split Adjusted) (Detail) | 9 Months Ended | 12 Months Ended |
Sep. 30, 2018$ / sharesshares | Dec. 31, 2017$ / sharesshares | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ||
Outstanding Shares, beginning of year | shares | 2,274,000 | 2,397,000 |
Granted Shares | shares | 1,576,000 | 80,000 |
Forfeited/Expired Shares | shares | (37,000) | |
Exercised Shares | shares | (177,000) | (203,000) |
Outstanding, end of period | shares | 3,636,000 | 2,274,000 |
Exercisable, end of period | shares | 1,171,000 | 1,016,000 |
Outstanding Weighted Average Exercisable Price, beginning of year | $ / shares | $ 16.23 | $ 15.19 |
Weighted Average Exercisable Price, Granted | $ / shares | 23.24 | 25.96 |
Weighted Average Exercisable Price, Forfeited/Expired | $ / shares | 22.30 | |
Weighted Average Exercisable Price, Exercised | $ / shares | 9.42 | 7.82 |
Outstanding, end of period | $ / shares | 19.54 | 16.23 |
Exercisable, end of period | $ / shares | $ 15.10 | $ 13.55 |
Common Stock, Compensation Pl_5
Common Stock, Compensation Plans and Other - Summary of Stock Options on Valuation Assumptions (Detail) | 9 Months Ended | 12 Months Ended |
Sep. 30, 2018 | Dec. 31, 2017 | |
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract] | ||
Expected dividend yield | 2.05% | 1.39% |
Expected stock price volatility | 25.59% | 28.47% |
Risk-free interest rate | 2.82% | 2.06% |
Expected life of options | 6 years 6 months | 6 years 6 months |
Common Stock, Compensation Pl_6
Common Stock, Compensation Plans and Other - Summary of Currently Outstanding and Exercisable Options (Split Adjusted) (Detail) | 9 Months Ended |
Sep. 30, 2018$ / sharesshares | |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | |
Options Outstanding Shares | shares | 3,636,000 |
Options Exercisable Shares | shares | 1,171,000 |
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 | 12,000 |
Options Exercisable Shares | shares | 12,000 |
Options Outstanding Weighted- Average Remaining Contractual Life (in years) | 8 months 23 days |
Options outstanding Weighted- Average Exercise Price | $ 2.60 |
Options Exercisable Weighted- Average Exercise Price | 2.60 |
Exercise Prices Range $5.68 to $6.56 [Member] | |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | |
Exercise Prices, Lower Range Limit | 5.68 |
Exercise Prices, Upper Range Limit | $ 6.56 |
Options Outstanding Shares | shares | 89,000 |
Options Exercisable Shares | shares | 89,000 |
Options Outstanding Weighted- Average Remaining Contractual Life (in years) | 3 years 2 months 19 days |
Options outstanding Weighted- Average Exercise Price | $ 6.54 |
Options Exercisable Weighted- Average Exercise Price | 6.54 |
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 | 259,000 |
Options Exercisable Shares | shares | 259,000 |
Options Outstanding Weighted- Average Remaining Contractual Life (in years) | 4 years 4 months 28 days |
Options outstanding Weighted- Average Exercise Price | $ 9.04 |
Options Exercisable Weighted- Average Exercise Price | 9.04 |
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 | 252,000 |
Options Exercisable Shares | shares | 168,000 |
Options Outstanding Weighted- Average Remaining Contractual Life (in years) | 6 years 7 days |
Options outstanding Weighted- Average Exercise Price | $ 15.97 |
Options Exercisable Weighted- Average Exercise Price | 16.05 |
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 | 195,000 |
Options Exercisable Shares | shares | 118,000 |
Options Outstanding Weighted- Average Remaining Contractual Life (in years) | 6 years 1 month 24 days |
Options outstanding Weighted- Average Exercise Price | $ 17.20 |
Options Exercisable Weighted- Average Exercise Price | 17.22 |
Exercise Price 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 Range $18.46 to $18.46 [Member] | |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | |
Options Outstanding Shares | shares | 1,010,000 |
Options Exercisable Shares | shares | 433,000 |
Options Outstanding Weighted- Average Remaining Contractual Life (in years) | 6 years 10 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 | 68,000 |
Options Exercisable Shares | shares | 28,000 |
Options Outstanding Weighted- Average Remaining Contractual Life (in years) | 7 years 7 days |
Options outstanding Weighted- Average Exercise Price | $ 20.41 |
Options Exercisable Weighted- Average Exercise Price | 20.34 |
Exercise Prices Range $21.25 to $22.22 [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 | $ 22.22 |
Options Outstanding Shares | shares | 230,000 |
Options Exercisable Shares | shares | 48,000 |
Options Outstanding Weighted- Average Remaining Contractual Life (in years) | 8 years 6 months 3 days |
Options outstanding Weighted- Average Exercise Price | $ 21.71 |
Options Exercisable Weighted- Average Exercise Price | 21.25 |
Exercise Price 25.96 [Member] | |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | |
Exercise Prices, Lower Range Limit | 25.96 |
Exercise Prices Range $22.70 to $23.51 [Member] | |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | |
Exercise Prices, Lower Range Limit | 22.70 |
Exercise Prices, Upper Range Limit | $ 23.51 |
Options Outstanding Shares | shares | 1,441,000 |
Options Outstanding Weighted- Average Remaining Contractual Life (in years) | 9 years 9 months 21 days |
Options outstanding Weighted- Average Exercise Price | $ 23.32 |
Exercise Prices Range $25.96 to $25.96 [Member] | |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | |
Options Outstanding Shares | shares | 80,000 |
Options Exercisable Shares | shares | 16,000 |
Options Outstanding Weighted- Average Remaining Contractual Life (in years) | 8 years 6 months 21 days |
Options outstanding Weighted- Average Exercise Price | $ 25.96 |
Options Exercisable Weighted- Average Exercise Price | $ 25.96 |
Common Stock, Compensation Pl_7
Common Stock, Compensation Plans and Other - Summary of Company's Restricted Stock Issued and Outstanding (Detail) - USD ($) shares in Thousands, $ in Thousands | 9 Months Ended | 12 Months Ended |
Sep. 30, 2018 | Dec. 31, 2017 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ||
Beginning of year | 1,145 | 958 |
Issued | 1,005 | 232 |
Vested | (229) | (45) |
Forfeited | (49) | |
End of period | 1,872 | 1,145 |
Amount of expense for nine months and twelve months ended, respectively | $ 5,153 | $ 5,237 |
Non-Interest Expense - Componen
Non-Interest Expense - Components of Non-Interest Expense (Detail) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | Dec. 31, 2017 | |
Noninterest Expense [Abstract] | |||||
Salaries and employee benefits | $ 37,825 | $ 28,510 | $ 107,315 | $ 83,965 | |
Occupancy and equipment | 8,148 | 7,887 | 25,650 | 21,602 | |
Data processing expense | 3,461 | 2,853 | 10,786 | 8,439 | |
Other operating expenses: | |||||
Advertising | 1,154 | 795 | 3,258 | 2,305 | |
Merger and acquisition expenses | 18,227 | 25,743 | |||
Amortization of intangibles | 1,617 | 906 | 4,867 | 2,576 | $ 1,631 |
Electronic banking expense | 1,947 | 1,712 | 5,653 | 4,885 | |
Directors' fees | 314 | 309 | 962 | 946 | |
Due from bank service charges | 253 | 472 | 714 | 1,348 | |
FDIC and state assessment | 2,293 | 1,293 | 6,689 | 3,763 | |
Insurance | 762 | 577 | 2,363 | 1,698 | |
Legal and accounting | 761 | 698 | 2,397 | 1,799 | |
Other professional fees | 1,748 | 1,436 | 4,988 | 3,822 | |
Operating supplies | 510 | 432 | 1,712 | 1,376 | |
Postage | 311 | 280 | 978 | 861 | |
Telephone | 337 | 305 | 1,081 | 1,027 | |
Other expense | 4,682 | 4,154 | 13,318 | 10,835 | |
Total other operating expenses | 16,689 | 31,596 | 48,980 | 62,984 | |
Total non-interest expense | $ 66,123 | $ 70,846 | $ 192,731 | $ 176,990 |
Significant Estimates and Con_2
Significant Estimates and Concentrations of Credit Risks - Additional Information (Detail) | 9 Months Ended | 12 Months Ended |
Sep. 30, 2018 | Dec. 31, 2017 | |
Loans Receivable [Member] | Geographic Concentration [Member] | South Alabama, Arkansas, Florida and New York City [Member] | ||
Commitment And Contingencies [Line Items] | ||
Concentration percentage | 89.10% | |
Loans Receivable [Member] | Commercial Real Estate [Member] | Credit Concentration [Member] | ||
Commitment And Contingencies [Line Items] | ||
Concentration percentage | 58.30% | 61.80% |
Loans Receivable [Member] | Residential Real Estate [Member] | Credit Concentration [Member] | ||
Commitment And Contingencies [Line Items] | ||
Concentration percentage | 23.90% | 23.30% |
Total Stockholders' Equity [Member] | Commercial Real Estate [Member] | Credit Concentration [Member] | ||
Commitment And Contingencies [Line Items] | ||
Concentration percentage | 269.50% | 289.60% |
Total Stockholders' Equity [Member] | Residential Real Estate [Member] | Credit Concentration [Member] | ||
Commitment And Contingencies [Line Items] | ||
Concentration percentage | 110.70% | 109.40% |
Residential Real Estate Loans [Member] | Geographic Concentration [Member] | South Alabama, Arkansas, Florida and New York City [Member] | ||
Commitment And Contingencies [Line Items] | ||
Concentration percentage | 91.10% |
Commitments and Contingencies -
Commitments and Contingencies - Additional Information (Detail) - USD ($) | Sep. 30, 2018 | Dec. 31, 2017 |
Commitments and Contingencies Disclosure [Abstract] | ||
Commitments to extend credit outstanding | $ 2,250,000,000 | $ 2,380,000,000 |
Maximum amount of future payments by the company | $ 55,000,000 | $ 70,500,000 |
Regulatory Matters - Additional
Regulatory Matters - Additional Information (Detail) - USD ($) $ in Millions | 9 Months Ended | ||||
Sep. 30, 2018 | Jan. 01, 2019 | Jan. 01, 2017 | Jan. 01, 2016 | Jul. 31, 2013 | |
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 | $ 155.5 | ||||
Dividend equal to percentage of banking subsidiary's earnings | 63.00% | ||||
Basel III [Member] | |||||
Regulatory Matters [Line Items] | |||||
Consolidated risk weighted asset | $ 500 | ||||
Capital conservation buffer, percentage | 0.625% | ||||
Increase in capital conservation buffer | 0.625% | ||||
Capital conservation buffer phase in period start date | Jan. 1, 2016 | ||||
Capital conservation buffer phase in period end date | Jan. 1, 2019 | ||||
Basel III [Member] | Scenario, Forecast [Member] | |||||
Regulatory Matters [Line Items] | |||||
Capital requirement, Ratio | 2.50% | ||||
Criteria 2 [Member] | Basel III [Member] | |||||
Regulatory Matters [Line Items] | |||||
Risk-based capital ratio | 15.73% | ||||
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 | 11.65% | ||||
Tier 1 leverage capital ratio | 10.38% | ||||
Tier 1 risk-based capital ratio | 12.25% | ||||
Criteria 1 [Member] | Basel III [Member] | |||||
Regulatory Matters [Line Items] | |||||
Tier 1 leverage capital ratio | 4.00% | ||||
Tier 1 risk-based capital ratio | 4.50% | ||||
Risk-based capital ratio | 6.00% | ||||
Risk-based capital ratio | 8.00% |
Additional Cash Flow Informat_3
Additional Cash Flow Information - Additional Information (Detail) - USD ($) $ in Thousands | Jun. 30, 2018 | Sep. 26, 2017 | 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 | |||
Stonegate Bank [Member] | ||||
Supplemental Cash Flow Information [Line Items] | ||||
Business combination, common stock issued, shares | 30,863,658 | |||
Business combination, common stock issued, value | $ 742,300 | |||
Business combination consideration paid in cash | 50,100 | |||
Business combination, recognized identifiable assets acquired, Total Assets | 2,887,523 | |||
Business combination, recognized identifiable assets acquired, cash and cash equivalents | 100,958 | |||
Assets acquired and liabilities assumed net | 2,602,161 | |||
Cash paid for acquisition | $ 792,370 | |||
Shore Premier Finance [Member] | ||||
Supplemental Cash Flow Information [Line Items] | ||||
Business combination, common stock issued, shares | 1,250,000 | |||
Business combination, common stock issued, value | $ 28,200 | |||
Business combination, recognized identifiable assets acquired, Total Assets | 377,000 | |||
Assets acquired and liabilities assumed net | 1,900 | |||
Cash paid for acquisition | 377,400 | |||
Business combination, recognized identifiable liabilities assumed, Loans | $ 376,200 |
Additional Cash Flow Informat_4
Additional Cash Flow Information - Summary of Additional Cash Flow Information (Detail) - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2018 | Sep. 30, 2017 | |
Additional Cash Flow Elements and Supplemental Cash Flow Information [Abstract] | ||
Interest paid | $ 80,057 | $ 34,573 |
Income taxes paid | 47,682 | 117,025 |
Assets acquired by foreclosure | $ 10,098 | $ 9,255 |
Financial Instruments - Additio
Financial Instruments - Additional Information (Detail) - USD ($) | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | Dec. 31, 2017 | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Carrying value of foreclosed assets held for sale | $ 0 | $ 0 | |||
Fair Value, Level 3 Inputs [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Fair value of loans with specific allocated losses | 77,500,000 | 77,500,000 | $ 72,500,000 | ||
Accrued interest receivable reversed | 164,000 | $ 314,000 | 728,000 | $ 523,000 | |
Fair value of foreclosed assets held for sale | $ 13,500,000 | $ 13,500,000 | $ 18,900,000 | ||
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 | 30.00% |
Financial Instruments - Estimat
Financial Instruments - Estimated Fair Values of Financial Instruments (Detail) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Federal funds sold | $ 500 | $ 24,109 |
Investment securities - held-to-maturity | 199,266 | 224,756 |
Carrying Amount [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Cash and cash equivalents | 532,057 | 635,933 |
Federal funds sold | 500 | 24,109 |
Accrued interest receivable | 48,909 | 45,708 |
Demand and non-interest-bearing | 2,482,857 | 2,385,252 |
Savings and interest-bearing transaction accounts | 6,420,951 | 6,476,819 |
Securities sold under agreements to repurchase | 142,146 | 147,789 |
Accrued interest payable | 12,383 | 5,583 |
Carrying Amount [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Investment securities - held-to-maturity | 199,266 | 224,756 |
FHLB and other borrowed funds | 1,363,851 | 1,299,188 |
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 | 10,645,129 | 10,148,470 |
Time deposits | 1,720,930 | 1,526,431 |
Subordinated debentures | 368,596 | 368,031 |
Fair Value [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Cash and cash equivalents | 532,057 | 635,933 |
Federal funds sold | 500 | 24,109 |
Accrued interest receivable | 48,909 | 45,708 |
Demand and non-interest-bearing | 2,482,857 | 2,385,252 |
Savings and interest-bearing transaction accounts | 6,420,951 | 6,476,819 |
Securities sold under agreements to repurchase | 142,146 | 147,789 |
Accrued interest payable | 12,383 | 5,583 |
Fair Value [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Investment securities - held-to-maturity | 198,552 | 227,539 |
FHLB and other borrowed funds | 1,291,287 | 1,299,961 |
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 | 10,429,379 | 10,055,901 |
Time deposits | 1,696,005 | 1,514,670 |
Subordinated debentures | $ 374,338 | $ 379,146 |
Recent Accounting Pronounceme_2
Recent Accounting Pronouncements - Additional Information (Detail) - USD ($) | Jan. 01, 2018 | Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | Dec. 31, 2017 |
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | ||||||
Cumulative-effect adjustment to retained earnings | $ 990,000 | |||||
Federal income tax rate | 21.00% | 35.00% | 21.00% | 35.00% | 35.00% | |
Accounting Standards Update 2018-02 [Member] | ||||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | ||||||
Stranded tax effects within other comprehensive income | $ 534,000 |