Document and Entity Information
Document and Entity Information - shares | 6 Months Ended | |
Jun. 30, 2016 | Aug. 05, 2016 | |
Document Document And Entity Information [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Jun. 30, 2016 | |
Document Fiscal Year Focus | 2,016 | |
Document Fiscal Period Focus | Q2 | |
Trading Symbol | NBHC | |
Entity Registrant Name | National Bank Holdings Corp | |
Entity Central Index Key | 1,475,841 | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Large Accelerated Filer | |
Entity Common Stock, Shares Outstanding | 28,636,250 | |
Entity Current Reporting Status | Yes |
Consolidated Statements of Fina
Consolidated Statements of Financial Condition (Unaudited) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 |
ASSETS | ||
Cash and due from banks | $ 147,939 | $ 155,985 |
Interest bearing bank deposits | 10,107 | |
Cash and cash equivalents | 147,939 | 166,092 |
Investment securities available-for-sale (at fair value) | 1,046,047 | 1,157,246 |
Investment securities held-to-maturity (fair value of $410,037 and $428,585 at March 31, 2016 and December 31, 2015, respectively) | 381,172 | 427,503 |
Non-marketable securities | 12,304 | 22,529 |
Loans | 2,738,504 | 2,587,673 |
Allowance for loan losses | (40,106) | (27,119) |
Loans, net | 2,698,398 | 2,560,554 |
Loans held for sale | 9,690 | 13,292 |
Other real estate owned | 23,242 | 20,814 |
Premises and equipment, net | 98,570 | 103,103 |
Goodwill | 59,630 | 59,630 |
Intangible assets, net | 9,689 | 12,429 |
Other assets | 141,139 | 140,716 |
Total assets | 4,627,820 | 4,683,908 |
Liabilities: | ||
Non-interest bearing demand deposits | 831,891 | 815,054 |
Interest bearing demand deposits | 416,192 | 436,745 |
Savings and money market | 1,378,764 | 1,394,995 |
Time deposits | 1,174,098 | 1,193,883 |
Total deposits | 3,800,945 | 3,840,677 |
Securities sold under agreements to repurchase | 126,146 | 136,523 |
Federal Home Loan Bank advances | 40,000 | 40,000 |
Other liabilities | 61,819 | 49,164 |
Total liabilities | 4,028,910 | 4,066,364 |
Shareholders' equity: | ||
Common stock, par value $0.01 per share: 400,000,000 shares authorized; 52,130,744 and 52,177,352 shares issued; 28,810,883 and 30,358,509 shares outstanding at June 30, 2016 and December 31, 2015, respectively | 514 | 513 |
Additional paid in capital | 996,855 | 997,926 |
Retained earnings | 40,419 | 38,670 |
Treasury stock of 22,534,522 and 20,982,812 shares at June 30, 2016 and December 31, 2015, respectively, at cost | (450,156) | (419,660) |
Accumulated other comprehensive income, net of tax | 11,278 | 95 |
Total shareholders' equity | 598,910 | 617,544 |
Total liabilities and shareholders' equity | $ 4,627,820 | $ 4,683,908 |
Consolidated Statements of Fin3
Consolidated Statements of Financial Condition (Unaudited) (Parenthetical) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 |
Statement of Financial Position [Abstract] | ||
Investment securities held-to-maturity, fair value | $ 388,105 | $ 428,585 |
Common Stock, par value (in dollars per share) | $ 0.01 | $ 0.01 |
Common Stock, shares authorized | 400,000,000 | 400,000,000 |
Common Stock, shares issued | 52,130,744 | 52,177,352 |
Common Stock, shares outstanding | 28,810,883 | 30,358,509 |
Treasury stock, shares | 22,489,443 | 20,982,812 |
Consolidated Statements of Oper
Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | |
Interest and dividend income: | ||||
Interest and fees on loans | $ 30,071 | $ 32,166 | $ 63,027 | $ 64,147 |
Interest and dividends on investment securities | 7,759 | 9,764 | 15,994 | 20,336 |
Dividends on non-marketable securities | 193 | 317 | 421 | 644 |
Interest on interest-bearing bank deposits | 449 | 270 | 584 | 477 |
Total interest and dividend income | 38,472 | 42,517 | 80,026 | 85,604 |
Interest expense: | ||||
Interest on deposits | 3,516 | 3,451 | 6,826 | 6,850 |
Interest on borrowings | 203 | 211 | 409 | 420 |
Total interest expense | 3,719 | 3,662 | 7,235 | 7,270 |
Net interest income before provision for loan losses | 34,753 | 38,855 | 72,791 | 78,334 |
Provision for loan losses | 6,457 | 1,858 | 17,076 | 3,311 |
Net interest income after provision for loan losses | 28,296 | 36,997 | 55,715 | 75,023 |
Non-interest income: | ||||
Service charges | 3,465 | 3,697 | 6,725 | 7,024 |
Bank card fees | 2,935 | 2,699 | 5,702 | 5,249 |
Gain on sale of mortgages, net | 534 | 546 | 1,008 | 946 |
Bank-owned life insurance income | 486 | 402 | 881 | 796 |
Other non-interest income | 2,897 | 1,360 | 3,588 | 2,190 |
OREO related write-ups and other income | 187 | 188 | 523 | 688 |
FDIC loss-sharing related | (6,145) | (14,625) | ||
Total non-interest income | 10,504 | 2,747 | 18,427 | 2,268 |
Non-interest expense: | ||||
Salaries and benefits | 19,612 | 21,156 | 40,224 | 41,233 |
Occupancy and equipment | 5,708 | 6,069 | 11,774 | 12,158 |
Telecommunications and data processing | 1,471 | 2,578 | 3,112 | 5,640 |
Marketing and business development | 689 | 1,252 | 1,115 | 2,261 |
FDIC deposit insurance | 1,064 | 1,032 | 1,985 | 2,073 |
ATM/debit card expenses | 963 | 789 | 1,876 | 1,546 |
Professional fees | 978 | 962 | 1,434 | 2,082 |
Other non-interest expense | 2,112 | 2,493 | 4,067 | 4,734 |
Problem asset workout | 958 | 1,762 | 1,932 | 3,614 |
Gain on OREO sales, net | (1,611) | (633) | (2,043) | (2,103) |
Intangible asset amortization | 1,370 | 1,336 | 2,740 | 2,672 |
Gain from the change in fair value of warrant liability | 508 | 118 | ||
Banking center consolidation related expenses | 1,089 | 1,089 | ||
Total non-interest expense | 33,314 | 40,393 | 68,216 | 77,117 |
Income before income taxes | 5,486 | (649) | 5,926 | 174 |
Income tax expense | 982 | 692 | 1,171 | 269 |
Net income | $ 4,504 | $ (1,341) | $ 4,755 | $ (95) |
Income per share-basic (in dollars per share) | $ 0.15 | $ (0.04) | $ 0.16 | $ 0 |
Income per share-diluted (in dollars per share) | $ 0.15 | $ (0.04) | $ 0.16 | $ 0 |
Weighted average number of common shares outstanding: | ||||
Basic (Shares) | 29,215,822 | 36,164,617 | 29,666,570 | 37,091,412 |
Diluted (Shares) | 29,278,759 | 36,164,617 | 29,707,379 | 37,091,412 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | |
Statement of Comprehensive Income [Abstract] | ||||
Net income (loss) | $ 4,504 | $ (1,341) | $ 4,755 | $ (95) |
Securities available-for-sale: | ||||
Net unrealized gains (losses) arising during the period, net of tax (expense) benefit of ($1,976) and $4,299 for the three months ended June 30, 2016 and 2015, respectively; and net of tax expense of ($7,487) and $0 for the six months ended, June 30, 2016 and 2015, respectively | 3,221 | (6,989) | 12,198 | |
Less: amortization of net unrealized holding gains to income, net of tax benefit of $304 and $401 for the three months ended June 30, 2016 and 2015, respectively; and net of tax benefit of $623 and $857 for the six months ended June 30, 2016 and 2015, respectively | (495) | (652) | (1,015) | (1,395) |
Other comprehensive income (loss) | 2,726 | (7,641) | 11,183 | (1,395) |
Comprehensive income (loss) | $ 7,230 | $ (8,982) | $ 15,938 | $ (1,490) |
Consolidated Statements of Com6
Consolidated Statements of Comprehensive Income (Loss) (Unaudited) (Parenthetical) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | |
Statement of Comprehensive Income [Abstract] | ||||
Tax (expense) benefit on net unrealized gains arising during the period | $ (1,976) | $ 4,299 | $ (7,487) | $ 0 |
Tax benefit of amortization of net unrealized holding gains to income | $ 304 | $ 401 | $ 623 | $ 857 |
Consolidated Statements of Chan
Consolidated Statements of Changes in Stockholders' Equity - USD ($) $ in Thousands | Common stock [Member] | Additional paid-in capital [Member] | Retained earnings [Member] | Treasury stock [Member] | Accumulated other comprehensive income, net [Member] | Total |
Balance in the beginning at Dec. 31, 2014 | $ 512 | $ 993,212 | $ 40,528 | $ (245,516) | $ 5,839 | $ 794,575 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||
Net income (loss) | (95) | (95) | ||||
Stock-based compensation | 1,510 | 1,510 | ||||
Issuance under equity compensation plan, including tax benefit of $8 | 1 | (268) | (267) | |||
Repurchase of 1,671,923 and 3,894,673 shares for the six months ended June 30, 2016 and 2015, respectively | (72,338) | (72,338) | ||||
Dividends paid ($.10 per share for the six months ended June 30, 2016 and 2015, respectively) | (3,724) | (3,724) | ||||
Other comprehensive income (loss) | (1,395) | (1,395) | ||||
Balance in the ending at Jun. 30, 2015 | 513 | 994,454 | 36,709 | (317,854) | 4,444 | 718,266 |
Balance in the beginning at Dec. 31, 2015 | 513 | 997,926 | 38,670 | (419,660) | 95 | 617,544 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||
Net income (loss) | 4,755 | 4,755 | ||||
Stock-based compensation | 1,791 | 1,791 | ||||
Issuance of stock under equity compensation and ASPP plans, including tax benefit of $39 | 1 | (2,862) | 2,422 | (439) | ||
Repurchase of 1,671,923 and 3,894,673 shares for the six months ended June 30, 2016 and 2015, respectively | (32,918) | (32,918) | ||||
Dividends paid ($.10 per share for the six months ended June 30, 2016 and 2015, respectively) | (3,006) | (3,006) | ||||
Other comprehensive income (loss) | 11,183 | 11,183 | ||||
Balance in the ending at Jun. 30, 2016 | $ 514 | $ 996,855 | $ 40,419 | $ (450,156) | $ 11,278 | $ 598,910 |
Consolidated Statements of Cha8
Consolidated Statements of Changes in Stockholders' Equity (Parenthetical) - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2016 | Jun. 30, 2015 | |
Statement of Stockholders' Equity [Abstract] | ||
Tax benefit, issuance of stock under purchase and equity compensation plans | $ 39 | $ 8 |
Gain (loss) on reissuance of treasury stock | $ (50) | |
Shares repurchased (shares) | 1,671,923 | 3,894,673 |
Dividends paid per share | $ 0.1 | $ 0.1 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2016 | Jun. 30, 2015 | |
Cash flows from operating activities: | ||
Net income | $ 4,755 | $ (95) |
Adjustments to reconcile net income to net cash provided by (used in) operating activities: | ||
Provision for loan losses | 17,076 | 3,311 |
Depreciation and amortization | 7,394 | 7,754 |
Current income tax receivable | 6,408 | 112 |
Deferred income tax asset | 3,710 | (3,111) |
Discount accretion, net of premium amortization on securities | 1,534 | 2,163 |
Loan accretion | 18,924 | 26,360 |
Net gain on sale of mortgage loans | (1,008) | (946) |
Origination of loans held for sale, net of repayments | (44,593) | (48,137) |
Proceeds from sales of loans held for sale | 46,596 | 44,192 |
Bank-owned life insurance income | (881) | (796) |
Amortization of indemnification asset | 14,953 | |
Gain on the sale of other real estate owned, net | (2,043) | (2,103) |
Impairment on other real estate owned | 104 | 757 |
Impairment on fixed assets related to banking center consolidations | 1,089 | |
Gain on sale of fixed assets | (1,839) | 6 |
Stock-based compensation | 1,791 | 1,510 |
Decrease in due to FDIC, net | (3,816) | |
Increase in other assets | (6,210) | (1,504) |
Decrease in other liabilities | 12,639 | (11,801) |
Net cash provided by (used in) operating activities | 26,509 | (22,822) |
Cash flows from investing activities: | ||
Purchase of FHLB stock | (500) | |
Payments to Acquire Federal Reserve Bank Stock | (239) | |
Proceeds from redemption of FHLB stock | 5,761 | 234 |
Proceeds from FRB stock | 4,964 | |
Proceeds from maturities of investment securities held-to-maturity | 44,442 | 55,411 |
Proceeds from maturities of investment securities available-for-sale | 134,464 | 160,542 |
Purchase of investment securities available-for-sale | (4,872) | |
Increase in securities purchased under agreement to resell | (50,000) | |
Net increase in loans | (146,274) | (153,060) |
Purchases of premises and equipment, net | 1,718 | (2,063) |
Purchase of bank-owned life insurance | (10,344) | |
Proceeds from sales of loans | 9,231 | 11,702 |
Proceeds from sales of other real estate owned | 3,165 | 11,019 |
Decrease in FDIC indemnification asset | 914 | |
Net cash provided by investing activities | 41,755 | 34,460 |
Cash flows from financing activities: | ||
Net (decrease) in deposits | (39,732) | (3,699) |
(Decrease) increase in repurchase agreements | (10,377) | 53,762 |
Issuance of stock under purchase and equity compensation plans | (485) | (420) |
Proceeds from exercise of stock options | 160 | |
Excess tax expense on stock-based compensation | 39 | 8 |
Payment of dividends | (2,944) | (3,649) |
Repurchase of shares | (32,918) | (72,338) |
Net cash (used in) provided by financing activities | (86,417) | (26,176) |
Increase in cash and cash equivalents | (18,153) | (14,538) |
Cash and cash equivalents at beginning of the year | 166,092 | 256,979 |
Cash and cash equivalents at end of period | 147,939 | 242,441 |
Supplemental disclosure of cash flow information during the period: | ||
Cash paid for interest | 7,084 | 7,228 |
Net tax refunds | (2,117) | 3,194 |
Supplemental schedule of non-cash investing activities: | ||
Loans transferred to other real estate owned at fair value | 3,654 | 920 |
FDIC submissions transferred to other liabilities | $ (2,495) | |
Loans purchased but not settled | $ 667 |
Basis of Presentation
Basis of Presentation | 6 Months Ended |
Jun. 30, 2016 | |
Accounting Policies [Abstract] | |
Basis of Presentation | Note 1 Basis of Presentation National Bank Holdings Corporation ("NBHC" or the "Company") is a bank holding company that was incorporated in the State of Delaware in June 2009 with the intent to acquire and operate financial services franchises and other complementary businesses in targeted markets. The Company is headquartered immediately south of Denver, in Greenwood Village, Colorado, and its primary operations are conducted through its wholly owned subsidiary, NBH Bank (the "Bank"), a Colorado state-chartered bank and a member of the Federal Reserve System. The Company provides a variety of banking products to both commercial and consumer clients through a network of 91 banking centers located in Colorado, the greater Kansas City area and Texas, and through on-line and mobile banking products. The accompanying interim unaudited consolidated financial statements serve to update the National Bank Holdings Corporation Annual Report on Form 10-K for the year ended December 31, 2015 and include the accounts of the Company and the Bank and its wholly owned subsidiaries. The accompanying unaudited consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) and where applicable, with general practices in the banking industry or guidelines prescribed by bank regulatory agencies. However, they may not include all information and notes necessary to constitute a complete set of financial statements under GAAP applicable to annual periods and accordingly should be read in conjunction with the financial information contained in the Company's most recent Form 10-K. The unaudited consolidated financial statements reflect all adjustments which are, in the opinion of management, necessary for a fair statement of the results presented. All such adjustments are of a normal recurring nature. All significant intercompany balances and transactions have been eliminated in consolidation. Certain reclassifications of prior years' amounts are made whenever necessary to conform to current period presentation. During the first quarter of 2016, the Company updated the loan classifications in its allowance for loan losses model. Certain loan classifications within the consolidated financial statement disclosures have been updated to reflect this change. Refer to note 4 for further discussion. The prior period presentations have been reclassified to conform to the current period presentation. The results of operations for the interim period is not necessarily indicative of the results that may be expected for the full year or any other interim period. All amounts are in thousands, except share data, or as otherwise noted. GAAP requires management to make estimates that affect the reported amounts of assets, liabilities, revenues and expenses, and disclosures of contingent assets and liabilities. By their nature, estimates are based on judgment and available information. Management has made significant estimates in certain areas, such as the amount and timing of expected cash flows from assets, the valuation of other real estate owned (“OREO”), the fair value adjustments on assets acquired and liabilities assumed, the valuation of core deposit intangible assets, the valuation of investment securities for other-than-temporary impairment (“OTTI”), the valuation of stock-based compensation, the fair values of financial instruments, the allowance for loan losses (“ALL”), and contingent liabilities. Because of the inherent uncertainties associated with any estimation process and future changes in market and economic conditions, it is possible that actual results could differ significantly from these estimates. The Company's significant accounting policies followed in the preparation of the unaudited consolidated financial statements are disclosed in note 2 of the audited financial statements and notes for the year ended December 31, 2015 and are contained in the Company's Annual Report on Form 10-K. There have not been any significant changes to the application of significant accounting policies since December 31, 2015, with the exception of the following: Loans held for sale — The Company enters into commitments to originate residential mortgage loans whereby the interest rate on the loan is determined prior to funding (i.e. interest rate lock commitments). Such interest rate lock commitments on mortgage loans to be sold in the secondary market are considered to be derivatives. To protect against the price risk inherent in residential mortgage loan commitments, the Company utilizes both "best efforts" and "mandatory delivery" forward loan sale commitments to mitigate the risk of potential increases or decreases in the values of loans that would result from the change in market rates for such loans. Under a "best efforts" contract, the Company commits to deliver an individual mortgage loan of a specified principal amount and quality to an investor and the investor commits to a price that it will purchase the loan from the Company only if the loan to the underlying borrower closes. As a result, the Company is not generally exposed to gains or losses on loans sold utilizing best efforts due to changes in underlying market interest rates between the time of the rate lock and loan sale. The market value of interest rate lock commitments and best efforts contracts are not readily ascertainable with precision because rate lock commitments and best efforts contracts are not actively traded. However, because of the high correlation between rate lock commitments and best efforts contracts offsetting market value changes, no gain or loss should occur on the interest rate lock commitments. Under a "mandatory delivery" contract, the Company commits to deliver a certain principal amount of mortgage loans to an investor at a specified price on or before a specified date. This typically happens after the loan to the underlying borrower closes. The Company manages the interest rate risk on interest rate lock commitments by entering into forward sale contracts of mortgage backed securities, whereby the Company obtains the right to deliver securities to investors in the future at a specified price. Such contracts are accounted for as derivatives and are recorded at fair value as derivative assets or liabilities. They are carried on the consolidated statements of financial condition within other assets or other liabilities and changes in fair value are recorded in other non-interest income within the consolidated statements of operations. The period of time between issuance of a loan commitment to the customer and closing of the loan to an investor generally ranges from 30 - 90 days under normal market conditions. The gross gains on loan sales are recognized based on new loan commitments with adjustment for price and pair-off activity. Commission expenses on loans held for sale are recognized based on loans closed. Income taxes — For the three and six months ended June 30, 2015, the Company utilized the discrete effective tax rate method, as allowed by Accounting Standards codification (“ASC”) 740-270-30-18, “Income Taxes-Interim Reporting,” to calculate its interim income tax provision. The discrete method is applied when the application of the estimated annual effective tax rate is impractical because it is not possible to reliably estimate the annual effective tax rate. The discrete method treats the year to date period as if it was the annual period and determines the income tax expense or benefit on that basis. The Company believed that, at that time, the use of this discrete method was more appropriate than the annual effective tax rate method as the estimated annual effective tax rate method was not reliable due to (1) the levels of tax-exempt income in relation to pre-tax income, (2) the impact of the warrant liability which is non-taxable and (3) the impact and variability of FDIC Indemnification amortization on pre-tax income. See further discussion in note 13. |
Recent Accounting Pronouncement
Recent Accounting Pronouncements | 6 Months Ended |
Jun. 30, 2016 | |
Text Block [Abstract] | |
Recent Accounting Pronouncements | Note 2 Recent Accounting Pronouncements Revenue from Contracts with Customers — In May 2014, the FASB issued ASU 2014-09, "Revenue from Contracts with Customers." This update supersedes revenue recognition requirements in ASC Topic 605, Revenue Recognition , including most industry-specific revenue recognition guidance in the FASB Accounting Standards Codification. The new guidance stipulates that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The guidance provides specific steps that entities should apply in order to achieve this principle. The amendments are effective for interim and annual periods beginning after December 15, 2017, with early application permitted for interim and annual periods beginning after December 15, 2016. ASU No. 2014-09 allows for either full retrospective or modified retrospective adoption. The Company is in the process of evaluating the impact of the ASU's adoption on the Company's consolidated financial statements. The Company has not yet selected a transition method nor has it determined the effect of the standard on its ongoing financial reporting. Financial Instruments - Recognition and Measurement of Financial Assets and Financial Liabilities —In January 2016, the FASB issued ASU 2016-01, Financial Instruments - Recognition and Measurement of Financial Assets and Financial Liabilities (Topic 825). ASU No. 2016-01 revises the classification and measurement of investments in certain equity investments and the presentation of certain fair value changes for certain financial liabilities measured at fair value. ASU No. 2016-01 requires the change in fair value of many equity investments to be recognized in net income. ASU No. 2016-01 is effective for interim and annual periods beginning after December 15, 2017, with early adoption permitted. Adopting ASU No. 2016-01 may result in a cumulative effect adjustment to the consolidated statements of changes in shareholders’ equity as of the beginning of the year of adoption. The adoption of this ASU is not expected to have a material impact on the Company’s consolidated financial statements. Leases —In February 2016, the FASB issued ASU 2016-02, Leases. The guidance in ASU 2016-02 supersedes the lease recognition requirements in ASC Topic 840, Leases . The new standard establishes a right-of-use (ROU) model that requires a lessee to record a ROU asset and lease liability on the balance sheet for all leases with terms longer than 12 months. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the income statements. The new standard is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years, with early adoption permitted. A modified retrospective transition approach is required for lessees for capital and operating leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. Early adoption of the amendments in the update is permitted. The Company is in the process of evaluating the impact of the ASU's adoption on the Company's consolidated financial statements . Improvements to Employee Share-Based Payment Accounting —In March 2016, the FASB issued ASU 2016-09, Improvements to Employee Share-Based Payment Accounting, which amends ASC Topic 718, Compensation – Stock Compensation . ASU 2016-09 simplifies several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. ASU 2016-09 is effective for fiscal years beginning after December 15, 2016, and interim periods within those fiscal years and early adoption is permitted. The adoption of this ASU is not expected to have a material impact on the Company’s consolidated financial statements. Financial Instruments - Credit Losses — In June 2016, the FASB issued ASU 2016-13, “Measurement of Credit Losses on Financial Instruments.” This update replaces the current incurred loss methodology for recognizing credit losses with a current expected credit loss model, which requires the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. This amendment broadens the information that an entity must consider in developing its expected credit loss estimates. Additionally, the update amends the accounting for credit losses for available-for-sale debt securities and purchased financial assets with a more-than-insignificant amount of credit deterioration since origination. This update requires enhanced disclosures to help investors and other financial statement users better understand significant estimates and judgments used in estimating credit losses, as well as the credit quality and underwriting standards of a company’s loan portfolio. The amendments in this update are effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. Early adoption in fiscal years beginning after December 15, 2018 is permitted. The amendment requires the use of the modified retrospective approach for adoption. The Company is in the process of evaluating the impact of the ASU’s adoption on the Company’s consolidated financial statements. |
Investment Securities
Investment Securities | 6 Months Ended |
Jun. 30, 2016 | |
Investments, Debt and Equity Securities [Abstract] | |
Investment Securities | Note 3 Investment Securities The Company’s investment securities portfolio is comprised of available-for-sale and held-to-maturity investment securities. These investment securities totaled $1.4 billion at June 30, 2016 and were comprised of $1.0 billion of available-for-sale securities and $0.4 billion of held-to-maturity securities. At December 31, 2015, investment securities totaled $1.6 billion and were comprised of $1.2 billion of available-for-sale securities and $0.4 billion of held-to-maturity securities. Available-for-sale At June 30, 2016 and December 31, 2015, the Company held $1.0 billion and $1.2 billion of available-for-sale investment securities, respectively. Available-for-sale investment securities are summarized as follows as of the dates indicated: June 30, 2016 Amortized Gross Gross cost unrealized gains unrealized losses Fair value Mortgage-backed securities (“MBS”): Residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises $ $ $ — $ Other residential MBS issued or guaranteed by U.S. Government agencies or sponsored enterprises Municipal securities — Other securities — — Total $ $ $ $ December 31, 2015 Amortized Gross Gross cost unrealized gains unrealized losses Fair value Mortgage-backed securities (“MBS”): Residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises $ $ $ $ Other residential MBS issued or guaranteed by U.S. Government agencies or sponsored enterprises Municipal securities — — Other securities — — Total $ $ $ $ At June 30, 2016 and December 31, 2015, mortgage -backed securities represented primarily all of the Company’s available-for-sale investment portfolio and all mortgage-backed securities were backed by government sponsored enterprises (“GSE”) collateral such as Federal Home Loan Mortgage Corporation (“FHLMC”) and Federal National Mortgage Association (“FNMA”), and the government sponsored agency Government National Mortgage Association (“GNMA”). The table below summarizes the unrealized losses as of the dates shown, along with the length of the impairment period: June 30, 2016 Less than 12 months 12 months or more Total Fair Unrealized Fair Unrealized Fair Unrealized value losses value losses value losses Mortgage-backed securities (“MBS”): Other residential MBS issued or guaranteed by U.S. Government agencies or sponsored enterprises $ $ $ $ $ $ Total $ $ $ $ $ $ December 31, 2015 Less than 12 months 12 months or more Total Fair Unrealized Fair Unrealized Fair Unrealized value losses value losses value losses Mortgage-backed securities (“MBS”): Residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises $ $ $ — $ — $ $ Other residential MBS issued or guaranteed by U.S. Government agencies or sponsored enterprises Total $ $ $ $ $ $ Management evaluated all of the available-for-sale securities in an unrealized loss position and concluded that no OTTI existed at June 30, 2016 or December 31, 2015. The unrealized losses in the Company's investments issued or guaranteed by U.S. government agencies or sponsored enterprises at June 30, 2016 were caused by changes in interest rates. The portfolio included 42 securities, having an aggregate fair value of $476.8 million, which were in an unrealized loss position at June 30, 2016, compared to 66 securities, with a fair value of $752.7 million, at December 31, 2015. The Company has no intention to sell these securities before recovery of their amortized cost and believes it will not be required to sell the securities before the recovery of their amortized cost. Certain securities are pledged as collateral for public deposits, securities sold under agreements to repurchase and to secure borrowing capacity at the Federal Reserve Bank, if needed. The fair value of available-for-sale investment securities pledged as collateral totaled $309.3 million at June 30, 2016 and $335.8 million at December 31, 2015. The decrease in pledged available-for-sale investment securities was primarily attributable to a decrease in average deposit account balances and client repurchase account balances during the six months ended June 30, 2016. Certain investment securities may also be pledged as collateral for the line of credit at the Federal Home Loan Bank ("FHLB") of Topeka; at June 30, 2016, $57.6 million in investment securities were pledged for this purpose. No securities were pledged for this purpose at December 31, 2015. Mortgage-backed securities do not have a single maturity date and actual maturities may differ from contractual maturities depending on the repayment characteristics and experience of the underlying financial instruments. The estimated weighted average life of the available-for-sale mortgage-backed securities portfolio was 3.1 years as of June 30, 2016 and 3.6 years as of December 31, 2015. This estimate is based on assumptions and actual results may differ. As of June 30, 2016, municipal securities with an amortized cost and fair value of $4.2 million were due after one year through five years, while municipal securities with an amortized cost and fair value of $1.0 million were due after five years through ten years. Other securities of $0.4 million as of June 30, 2016, have no stated contractual maturity date. Held-to-maturity At June 30, 2016 and December 31, 2015, the Company held $381.2 million and $427.5 million of held-to-maturity investment securities, respectively. Held-to-maturity investment securities are summarized as follows as of the dates indicated: June 30, 2016 Gross Gross Amortized unrealized unrealized cost gains losses Fair value Mortgage-backed securities (“MBS”): Residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises $ $ $ — $ Other residential MBS issued or guaranteed by U.S. Government agencies or sponsored enterprises Total investment securities held-to-maturity $ $ $ $ December 31, 2015 Gross Gross Amortized unrealized unrealized cost gains losses Fair value Mortgage-backed securities (“MBS”): Residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises $ $ $ $ Other residential MBS issued or guaranteed by U.S. Government agencies or sponsored enterprises Total investment securities held-to-maturity $ $ $ $ The table below summarizes the unrealized losses as of the dates shown, along with the length of the impairment period: June 30, 2016 Less than 12 months 12 months or more Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses Mortgage-backed securities (“MBS”): Other residential MBS issued or guaranteed by U.S. Government agencies or sponsored enterprises $ — $ — $ $ $ $ Total $ — $ — $ $ $ $ December 31, 2015 Less than 12 months 12 months or more Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses Mortgage-backed securities (“MBS”): Residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises $ $ $ $ $ $ Other residential MBS issued or guaranteed by U.S. Government agencies or sponsored enterprises Total $ $ $ $ $ $ The portfolio included 4 securities, having an aggregate fair value of $36.9 million, which were in an unrealized loss position at June 30, 2016, compared to twelve securities, with a fair value of $109.9 million, at December 31, 2015. Management evaluated all of the held-to-maturity securities in an unrealized loss position and concluded that no OTTI existed at June 30, 2016 or December 31, 2015. The unrealized losses in the Company's investments issued or guaranteed by U.S. government agencies or sponsored enterprises at June 30, 2016 were caused by changes in interest rates. The Company has no intention to sell these securities before recovery of their amortized cost and believes it will not be required to sell the securities before the recovery of their amortized cost. The carrying value of held-to-maturity investment securities pledged as collateral totaled $233.7 million and $156.5 million at June 30, 2016 and December 31, 2015, respectively. Actual maturities of mortgage-backed securities may differ from scheduled maturities depending on the repayment characteristics and experience of the underlying financial instruments. The estimated weighted average expected life of the held-to-maturity mortgage-backed securities portfolio as of June 30, 2016 and December 31, 2015 was 3.1 years and 3.7 years, respectively. This estimate is based on assumptions and actual results may differ. |
Loans
Loans | 6 Months Ended |
Jun. 30, 2016 | |
Receivables [Abstract] | |
Loans | Note 4 Loans The loan portfolio is comprised of loans originated by the Company and loans that were acquired in connection with the Company’s acquisitions. The table below shows the loan portfolio composition including carrying value by segment of loans accounted for under ASC Topic 310-30, Receivables—Loans and Debt Securities Acquired with Deteriorated Credit Quality, and loans not accounted for under this guidance, which includes our originated loans. The carrying value of loans is net of discounts, fees and costs on loans excluded from ASC 310-30 of $7.6 million and $8.1 million as of June 30, 2016 and December 31, 2015, respectively: June 30, 2016 ASC 310-30 loans Non 310-30 loans Total loans % of total Commercial $ $ $ Commercial real estate non-owner occupied Residential real estate Consumer Total $ $ $ December 31, 2015 ASC 310-30 loans Non 310-30 loans Total loans % of total Commercial $ $ $ Commercial real estate non-owner occupied Residential real estate Consumer Total $ $ $ Delinquency for loans excluded from ASC 310-30 is shown in the following tables at June 30, 2016 and December 31, 2015, respectively: Total Loans June 30, 2016 Greater Total Loans > 90 30-59 60-89 than 90 Non days past days past days past days past Total past 310-30 due and Non- due due due due Current loans still accruing accrual Loans excluded from ASC 310-30: Commercial: Commercial and industrial $ $ $ $ $ $ $ — $ Owner occupied commercial real estate — — Agriculture — — Energy — — Total Commercial — Commercial real estate non owner-occupied: Construction — — Acquisition/development — — — — Multifamily — — — — — — Non owner-occupied — — Total commercial real estate Residential real estate: Senior lien — Junior lien Total residential real estate Consumer — — Total loans excluded from ASC 310-30 $ $ $ $ $ $ $ $ Total Loans December 31, 2015 Greater Total Loans > 90 30-59 60-89 than 90 Non days past days past days past days past Total past 310-30 due and Non- due due due due Current loans still accruing accrual Loans excluded from ASC 310-30: Commercial: Commercial and industrial $ $ $ $ $ $ $ — $ Owner occupied commercial real estate — Agriculture — Energy — — Total Commercial — Commercial real estate non owner-occupied: Construction — — Acquisition/development — — — — — — Multifamily — — Non owner-occupied — Total commercial real estate — Residential real estate: Senior lien Junior lien Total residential real estate Consumer Total loans excluded from ASC 310-30 $ $ $ $ $ $ $ $ Loans are considered past due or delinquent when the contractual principal or interest due in accordance with the terms of the loan agreement remains unpaid after the due date of the scheduled payment. Pooled loans accounted for under ASC 310-30 that are 90 days or more past due and still accreting are generally considered to be performing and are included in loans 90 days or more past due and still accruing. Non-accrual loans include troubled debt restructurings on non-accrual status. Total non-accrual loans excluded from the scope of ASC 310-30 totaled $37.4 million at June 30, 2016, increasing $11.8 million, or 45.9% from $25.6 million at December 31, 2015. The increase was primarily due to two loan relationships in the energy sector totaling $20.1 million at June 30, 2016, that were placed on non-accrual status during the first quarter of 2016, offset by one energy loan of $6.2 million that was resolved and charged-off during the second quarter of 2016, coupled with other net decreases of $2.1 million at June 30, 2016. Credit exposure for all loans as determined by the Company’s internal risk rating system was as follows as of June 30, 2016 and December 31, 2015, respectively: Total Loans June 30, 2016 Special Pass mention Substandard Doubtful Total Loans excluded from ASC 310-30: Commercial: Commercial and industrial $ $ $ $ $ Owner occupied commercial real estate — Agriculture — Energy Total Commercial Commercial real estate non owner-occupied: Construction — Acquisition/development — — Multifamily — — — Non-owner occupied — Total commercial real estate — Residential real estate: Senior lien — Junior lien — Total residential real estate — Consumer — Total loans excluded from ASC 310-30 $ $ $ $ $ Loans accounted for under ASC 310-30: Commercial $ $ $ $ — $ Commercial real estate non-owner occupied Residential real estate — Consumer — Total loans accounted for under ASC 310-30 $ $ $ $ $ Total loans $ $ $ $ $ Total Loans December 31, 2015 Special Pass mention Substandard Doubtful Total Loans excluded from ASC 310-30: Commercial: Commercial and industrial $ $ $ $ $ Owner occupied commercial real estate — Agriculture — Energy Total Commercial Commercial real estate non owner-occupied: Construction — Acquisition/development — — Multifamily — — Non-owner occupied Total commercial real estate Residential real estate: Senior lien Junior lien — Total residential real estate Consumer — Total loans excluded from ASC 310-30 $ $ $ $ $ Loans accounted for under ASC 310-30: Commercial $ $ $ $ — $ Commercial real estate non-owner occupied Residential real estate — Consumer — Total loans accounted for under ASC 310-30 $ $ $ $ $ Total loans $ $ $ $ $ The Company's energy sector substandard and doubtful loans excluded from ASC 310-30 totaled $29.3 million and $18.2 million at June 30, 2016 and December 31, 2015, respectively. The increase of $11.1 million was driven primarily by 2 loan relationships downgraded and placed on non-accrual during the first quarter of 2016. Non 310-30 special mention loans within the commercial and industrial, and owner occupied commercial real estate loan classes increased from December 31, 2015, largely due to downgrades of $15.9 million from 3 loan relationships, partially offset by an upgrade from substandard to special mention for 1 loan relationship totaling $7.2 million, during the six months ended June 30, 2016. Impaired Loans Loans are considered to be impaired when it is probable that the Company will not be able to collect all amounts due in accordance with the contractual terms of the loan agreement. Impaired loans are comprised of loans excluded from ASC 310-30 on non-accrual status, loans in bankruptcy, and troubled debt restructurings (“TDRs”) described below . If a specific allowance is warranted based on the borrower’s overall financial condition, the specific allowance is calculated based on discounted cash flows using the loan’s initial contractual effective interest rate or the fair value of the collateral less selling costs for collateral dependent loans. At June 30, 2016, the Company measured $35.1 million of impaired loans based on the fair value of the collateral less selling costs and $2.3 million of impaired loans using discounted cash flows and the loan’s initial contractual effective interest rate. Impaired loans totaling $9.1 million that individually were less than $250 thousand each, were measured through the general ALL reserves due to their relatively small size. At June 30, 2016 and December 31, 2015, the Company’s recorded investments in impaired loans were $46.8 million and $37.4 million, respectively. Impaired loans at June 30, 2016, were primarily comprised of five relationships totaling $30.5 million. Three of the relationships were in the energy sector, one of the relationships was in the agriculture sector, and one of the relationships was in the commercial and industrial sector. All five relationships were on non-accrual status at June 30, 2016. Impaired loans had a collective related allowance for loan losses allocated to them of $15.0 million and $4.4 million at June 30, 2016 and December 31, 2015, respectively. Additional information regarding impaired loans at June 30, 2016 and December 31, 2015 is set forth in the table below: Impaired Loans June 30, 2016 December 31, 2015 Allowance Allowance Unpaid for loan Unpaid for loan principal Recorded losses principal Recorded losses balance investment allocated balance investment allocated With no related allowance recorded: Commercial: Commercial and industrial $ $ $ — $ $ $ — Owner occupied commercial real estate — — Agriculture — — Energy — — — — Total commercial — — Commercial real estate non-owner occupied: Construction — — — — Acquisition/development — — — — — — Multifamily — — — — — — Non-owner occupied — — — — Total commercial real estate — — — — Residential real estate: Senior lien — — Junior lien — — Total residential real estate — — Consumer — — — — — — Total impaired loans with no related allowance recorded $ $ $ — $ $ $ — With a related allowance recorded: Commercial: Commercial and industrial $ $ $ $ $ $ Owner occupied commercial real estate Agriculture — Energy Total commercial Commercial real estate non-owner occupied: Construction — — — — — — Acquisition/development — — — — — — Multifamily — — Non-owner occupied Total commercial real estate Residential real estate: Senior lien Junior lien Total residential real estate Consumer Total impaired loans with a related allowance recorded $ $ $ $ $ $ Total impaired loans $ $ $ $ $ $ The table below shows additional information regarding the average recorded investment and interest income recognized on impaired loans for the periods presented: For six months ended June 30, 2016 June 30, 2015 Average recorded investment Interest income recognized Average recorded investment Interest income recognized With no related allowance recorded: Commercial: Commercial and industrial $ $ $ $ Owner occupied commercial real estate Agriculture — — — Energy — — — Total Commercial Commercial real estate non-owner occupied: Construction — — — — Acquisition/development — — — — Multifamily — — — — Non-owner occupied — — — — Total commercial real estate — — — — Residential real estate: Senior lien Junior lien — — Total residential real estate Consumer — — — — Total impaired loans with no related allowance recorded $ $ $ $ With a related allowance recorded: Commercial: Commercial and industrial $ $ — $ $ Owner occupied commercial real estate Agriculture Energy — — — Total Commercial Commercial real estate non-owner occupied: Construction — — — — Acquisition/development — — — — Multifamily — Non-owner occupied Total commercial real estate Residential real estate: Senior lien Junior lien Total residential real estate Consumer — — Total impaired loans with a related allowance recorded $ $ $ $ Total impaired loans $ $ $ $ Interest income recognized on impaired loans noted in the table above, primarily represents interest earned on accruing troubled debt restructurings. Interest income recognized on impaired loans using the cash-basis method of accounting during the three months ended June 30, 2016 and 2015 was immaterial. Troubled debt restructurings It is the Company’s policy to review each prospective credit in order to determine the appropriateness and the adequacy of security or collateral prior to making a loan. In the event of borrower default, the Company seeks recovery in compliance with lending laws, the respective loan agreements, and credit monitoring and remediation procedures that may include restructuring a loan to provide a concession by the Company to the borrower from their original terms due to borrower financial difficulties in order to facilitate repayment. Additionally, if a borrower’s repayment obligation has been discharged by a court, and that debt has not been reaffirmed by the borrower, regardless of past due status, the loan is considered to be a TDR. At June 30, 2016 and December 31, 2015, the Company had $5.7 million and $8.4 million, respectively, of accruing TDRs that had been restructured from the original terms in order to facilitate repayment. Non-accruing TDRs at June 30, 2016 and December 31, 2015 totaled $13.1 million and $17.8 million, respectively. During the six months ended June 30, 2016, the Company restructured twelve loans with a recorded investment of $2.7 million to facilitate repayment. Substantially all of the loan modifications were a reduction of the principal payment, a reduction in interest rate, or an extension of term. Loan modifications to loans accounted for under ASC 3 10-30 are not considered TDRs. The table below provides additional information related to accruing TDRs at June 30, 2016 and December 31, 2015: Accruing TDRs June 30, 2016 Recorded Average year-to-date Unpaid Unfunded commitments investment recorded investments principal balance to fund TDRs Commercial $ $ $ $ — Commercial real estate non-owner occupied — Residential real estate Consumer — Total $ $ $ $ Accruing TDRs December 31, 2015 Recorded Average year-to-date Unpaid Unfunded commitments investment recorded investments principal balance to fund TDRs Commercial $ $ $ $ Commercial real estate non-owner occupied — Residential real estate Consumer — Total $ $ $ $ The following table summarizes the Company’s carrying value of non-accrual TDRs as of June 30, 2016 and December 31, 2015: Non - Accruing TDRs June 30, 2016 December 31, 2015 Commercial $ $ Commercial real estate non-owner occupied — Residential real estate Consumer Total $ $ Accrual of interest is resumed on loans that were on non-accrual only after the loan has performed sufficiently. The Company had 1 TDR that was modified within the past 12 months and had defaulted on its restructured terms during the three months ended June 30, 2016, and 5 TDRs that were modified within the past 12 months and had defaulted on their restructured terms during the six months ended June 30, 2016. The defaulted TDRs consisted of 1 energy sector loans totaling $5.8 million, 2 commercial and industrial loans totaling $3.9 million, 1 residential loan totaling $0.1 million, and 1 commercial real estate loan totaling $0.2 million. The allowance for loan losses related to troubled debt restructurings on non-accrual status is determined by individual evaluation, including collateral adequacy, using the same process as loans on non-accrual status which are not classified as troubled debt restructurings. During the three and six months ended June 30, 2015, the Company had no TDRs that had been modified within the past 12 months that defaulted on their restructured terms. Loans accounted for under ASC Topic 310-30 Loan pools accounted for under ASC Topic 310-30 are periodically remeasured to determine expected future cash flows. In determining the expected cash flows, the timing of cash flows and prepayment assumptions for smaller homogeneous loans are based on statistical models that take into account factors such as the loan interest rate, credit profile of the borrowers, the years in which the loans were originated, and whether the loans are fixed or variable rate loans. Prepayments may be assumed on loans if circumstances specific to that loan warrant a prepayment assumption. The re-measurement of loans accounted for under ASC 310-30 resulted in the following changes in the carrying amount of accretable yield during the six months ended June 30, 2016 and 2015: June 30, 2016 June 30, 2015 Accretable yield beginning balance $ $ Reclassification from non-accretable difference Reclassification to non-accretable difference Accretion Accretable yield ending balance $ $ Below is the composition of the net book value for loans accounted for under ASC 310-30 at June 30, 2016 and December 31, 2015: June 30, 2016 December 31, 2015 Contractual cash flows $ $ Non-accretable difference Accretable yield Loans accounted for under ASC 310-30 $ $ |
Allowance for Loan Losses
Allowance for Loan Losses | 6 Months Ended |
Jun. 30, 2016 | |
Receivables [Abstract] | |
Allowance for Loan Losses | Note 5 Allowance for Loan Losses The tables below detail the Company’s allowance for loan losses (“ALL”) and recorded investment in loans as of and for the three and six months ended June 30, 2016 and 2015: Three months ended June 30, 2016 Non-owner occupied commercial Residential Commercial real estate real estate Consumer Total Beginning balance $ $ $ $ $ Non 310-30 beginning balance Charge-offs — Recoveries Provision Non 310-30 ending balance ASC 310-30 beginning balance Charge-offs — — — Recoveries — — — — — (Recoupment) provision ASC 310-30 ending balance — Ending balance $ $ $ $ $ Three months ended June 30, 2015 Non-owner occupied commercial Residential Commercial real estate real estate Consumer Total Beginning balance $ $ $ $ $ Non 310-30 beginning balance Charge-offs Recoveries — Provision Non 310-30 ending balance ASC 310-30 beginning balance — Charge-offs — — — Recoveries — — — — — Provision (recoupment) ASC 310-30 ending balance Ending balance $ $ $ $ $ Six months ended June 30, 2016 Non-owner occupied commercial Residential Commercial real estate real estate Consumer Total Beginning balance $ $ $ $ $ Non 310-30 beginning balance Charge-offs Recoveries Provision Non 310-30 ending balance ASC 310-30 beginning balance Charge-offs — — — Recoveries — — — — — (Recoupment) provision ASC 310-30 ending balance — Ending balance $ $ $ $ $ Ending allowance balance attributable to: Non 310-30 loans individually evaluated for impairment $ $ $ $ $ Non 310-30 loans collectively evaluated for impairment ASC 310-30 loans — Total ending allowance balance $ $ $ $ $ Loans: Non 310-30 individually evaluated for impairment $ $ $ $ $ Non 310-30 collectively evaluated for impairment ASC 310-30 loans Total loans $ $ $ $ $ Six months ended June 30, 2015 Non-owner occupied commercial Residential Commercial real estate real estate Consumer Total Beginning balance $ $ $ $ $ Non 310-30 beginning balance Charge-offs Recoveries Provision Non 310-30 ending balance ASC 310-30 beginning balance Charge-offs — — — Recoveries — — — — — Provision (recoupment) ASC 310-30 ending balance Ending balance $ $ $ $ $ Ending allowance balance attributable to: Non 310-30 loans individually evaluated for impairment $ $ $ $ — $ Non 310-30 loans collectively evaluated for impairment ASC 310-30 loans Total ending allowance balance $ $ $ $ $ Loans: Non 310-30 individually evaluated for impairment $ $ $ $ $ Non 310-30 collectively evaluated for impairment ASC 310-30 loans Total loans $ $ $ $ $ In evaluating the loan portfolio for an appropriate ALL level, non-impaired loans that were not accounted for under ASC 310-30 were grouped into segments based on broad characteristics such as primary use and underlying collateral. Within the segments, the portfolio was further disaggregated into classes of loans with similar attributes and risk characteristics for purposes of applying loss ratios and determining applicable subjective adjustments to the ALL. The application of subjective adjustments was based upon qualitative risk factors, including economic trends and conditions, industry conditions, asset quality, loss trends, lending management, portfolio growth and loan review/internal audit results. During the first quarter of 2016, the Company updated the loan classifications in its allowance for loan losses model to include owner occupied commercial real estate and agriculture within the commercial loan segment and present energy as its own loan class within the commercial segment. The prior year presentation has been reclassified to conform to the current year presentation. The Company had $3.5 million and $4.0 million net charge-offs of non 310-30 loans during the three and six months ended June 30, 2016, respectively. Credit quality remained at acceptable levels within the non 310-30 loan portfolio during the three and six months ended June 30, 2016, with the exception of the energy sector portfolio. Management's evaluation resulted in a provision for loan losses on the non 310-30 loans of $6.4 million and $17.9 million during the three and six months ended June 30, 2016, respectively. The increase in provision was driven by a net $4.3 million increase in reserves against the energy sector portfolio for the three months ended June 30, 2016 and a net $15.0 million increase for the six months ended June 30, 2016. During the six months ended June 30, 2016, the Company re-estimated the expected cash flows of the loan pools accounted for under ASC 310-30. The re-measurement resulted in a net provision of $57 thousand and a net recoupment of $805 thousand for the three and six months ended June 30, 2016, respectively, which was comprised primarily of a provision of $195 thousand in the non-owner occupied commercial real estate segment, offset by recoupments of $73 thousand and $3 thousand in the commercial real estate and residential real estate segments, respectively, for the three months ended June 30, 2016, and primarily a recoupment of $786 thousand in the commercial segment for the six months ended June 30, 2016. The Company had $0.5 million and $0.7 million net charge offs of non ASC 310-30 loans during the three and six months ended June 30, 2015, respectively. Strong credit quality trends in the non 310-30 loan portfolio continued during the three and six months ended June 30, 2015, and management’s evaluation resulted in a provision for loan losses on the non 310-30 loans of $1.9 million and $3.3 million, respectively. During the six months ended June 30, 2015, the Company re-estimated the expected cash flows of the loan pools accounted for under ASC 310-30 utilizing the same cash flow methodology used at the time of acquisition. The re-measurement resulted in a net provision of $8 thousand and $58 thousand for the three and six months ended June 30, 2015, which were comprised primarily of provision of $12 thousand and $164 thousand in the commercial segment during the three and six months ended June 30, 2015, respectively, and recoupment of $11 thousand and $96 thousand in the non-owner occupied commercial real estate segment, respectively, during the three and six months ended June 30, 2015. |
Other Real Estate Owned
Other Real Estate Owned | 6 Months Ended |
Jun. 30, 2016 | |
Banking and Thrift [Abstract] | |
Other Real Estate Owned | Note 6 Other Real Estate Owned A summary of the activity in the OREO balances during the six months ended June 30, 2016 and 2015 is as follows: For the six months ended June 30, 2016 2015 Beginning balance $ $ Transfers from loan portfolio, at fair value Impairments Sales, net Ending balance $ $ At June 30, 2016 and December 31, 2015, OREO balances excluded $1.6 million and $5.5 million, respectively, of the Company’s minority interests in OREO, which are held by outside banks where the Company was not the lead bank and does not have a controlling interest. The Company maintains a receivable in other assets for these minority interests. Included in Sales, net are net gains of $2.0 million and $2.1 million for the six months ended June 30, 2016 and 2015, respectively. |
Borrowings
Borrowings | 6 Months Ended |
Jun. 30, 2016 | |
Disclosure of Repurchase Agreements [Abstract] | |
Borrowings | Note 7 Borrowings As a member of the FHLB of Topeka, the Bank has access to term financing from the FHLB. These borrowings are secured under an advance, pledge and securities agreement, which includes primarily mortgage-backed securities. Total advances at both June 30, 2016 and December 31, 2015 were $40.0 million, with maturity dates of 2016 - 2020 and interest rates of 0.84% - 2.33% . All of the outstanding advances have fixed interest rates. Interest expense related to FHLB advances totaled $166 thousand and $332 thousand for the three and six months ended June 30, 2016. |
Regulatory Capital
Regulatory Capital | 6 Months Ended |
Jun. 30, 2016 | |
Banking and Thrift [Abstract] | |
Regulatory Capital | Note 8 Regulatory Capital As a bank holding company, the Company is subject to regulatory capital adequacy requirements implemented by the Federal Reserve. The federal banking agencies have risk-based capital adequacy regulations intended to provide a measure of capital adequacy that reflects the degree of risk associated with a banking organization’s operations. Under these regulations, assets are assigned to one of several risk categories, and nominal dollar amounts of assets and credit equivalent amounts of off-balance-sheet items are multiplied by a risk adjustment percentage for the category. The new Basel III rules, effective January 1, 2015, changed the components of regulatory capital and changed the way in which risk ratings are assigned to various categories of bank assets. Also, a new Tier I common risk-based ratio was defined. Under the Basel III requirements, at June 30, 2016, the Company and the Bank met all capital adequacy requirements and the Bank had regulatory capital ratios in excess of the levels established for well-capitalized institutions. In February 2016, the Bank received approval from the Colorado Division of Banking and the Federal Reserve Bank of Kansas City to permanently reduce the Bank's capital by $140.0 million. As a result, the Bank distributed $140.0 million cash to the Company in February 2016. At June 30, 2016 and December 31, 2015, the most recent regulatory notification categorized the Bank as “well capitalized” under the regulatory framework for prompt corrective action. To be categorized as “well-capitalized”, the Bank must maintain total risk-based, Tier 1 risk-based, and Tier 1 leverage ratios as set forth in the table below. There are no conditions or events since the notification that management believes have changed the Bank’s category. June 30, 2016 Required to be Required to be well capitalized under considered prompt corrective adequately Actual action provisions capitalized Ratio Amount Ratio Amount Ratio Amount Tier 1 leverage ratio: Consolidated $ N/A N/A $ NBH Bank $ Common equity tier 1 risk-based capital: Consolidated $ N/A N/A $ NBH Bank $ Tier 1 risk-based capital ratio: Consolidated $ N/A N/A $ NBH Bank $ Total risk-based capital ratio: Consolidated $ N/A N/A $ NBH Bank $ December 31, 2015 Required to be Required to be well capitalized under considered prompt corrective adequately Actual action provisions capitalized Ratio Amount Ratio Amount Ratio Amount Tier 1 leverage ratio: Consolidated $ N/A N/A $ NBH Bank $ Common equity tier 1 risk-based capital: Consolidated $ N/A N/A $ NBH Bank $ Tier 1 risk-based capital ratio: Consolidated $ N/A N/A $ NBH Bank $ Total risk-based capital ratio: Consolidated $ N/A N/A $ NBH Bank $ |
Stock-based Compensation and Be
Stock-based Compensation and Benefits | 6 Months Ended |
Jun. 30, 2016 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |
Stock-based Compensation and Benefits | Note 9 Stock-based Compensation and Benefits The Company provides stock-based compensation in accordance with shareholder-approved plans. During the second quarter of 2014, shareholders approved the 2014 Omnibus Incentive Plan (the "2014 Plan"). The 2014 Plan replaces the NBH Holdings Corp. 2009 Equity Incentive Plan (the "Prior Plan"), pursuant to which the Company granted equity awards prior to the approval of the 2014 Plan. Pursuant to the 2014 Plan, the Compensation Committee of the Board of Directors has the authority to grant, from time to time, awards of stock options, stock appreciation rights, restricted stock, performance stock units, market-based stock units, other stock-based awards, or any combination thereof to eligible persons. As of June 30, 2016, the aggregate number of shares of Class A common stock available for issuance under the 2014 Plan is 5,073,073 shares. Any shares that are subject to stock options or stock appreciation rights under the 2014 Plan will be counted against the amount available for issuance as one share for every one share granted, and any shares that are subject to awards under the 2014 Plan other than stock options or stock appreciation rights will be counted against the amount available for issuance as 3.25 shares for every one share granted. The 2014 Plan provides for recycling of shares from both the Prior Plan and the 2014 Plan, the terms of which are further described in the Company's Proxy Statement for its 2014 Annual Meeting of Shareholders. To date, the Company has issued stock options, restricted stock, and performance stock units under the plans. The Compensation Committee sets the option exercise price at the time of grant, but in no case is the exercise price less than the fair market value of a share of stock at the date of grant. Stock options The Company issued stock options in accordance with the 2014 Plan during the six months ended June 30, 2016. The options granted during the six months ended June 30, 2016 are time-vesting over a 3 -year period. The expense associated with the awarded stock options was measured at fair value using a Black-Scholes option-pricing model. The outstanding option awards vest on a graded basis over 1 -4 years of continuous service and have 7 -10 year contractual terms. The following table summarizes stock option activity for the six months ended June 30, 2016: Weighted Average Weighted Remaining Average Contractual Aggregate Exercise Term in Intrinsic Options Price Years Value Outstanding at December 31, 2015 $ $ Granted Forfeited Surrendered Exercised Expired Outstanding at June 30, 2016 $ $ Options exercisable at June 30, 2016 $ $ Options expected to vest $ $ Stock option expense is included in salaries and benefits in the consolidated statements of operations and totaled $0.2 million for the three months ended June 30, 2016 and 2015, and $0.4 million and $0.3 million for the six months ended June 30, 2016 and 2015, respectively. At June 30, 2016, there was $0.9 million of total unrecognized compensation cost related to non-vested stock options granted under the plans. The cost is expected to be recognized over a weighted average period of 2.3 years. Restricted stock awards During the six months ended June 30, 2016, the Company granted restricted stock awards in accordance with the 2014 Plan totaling 84,091 shares. The restricted stock awards vest over a range of a 1 - 3 year period. The fair value of restricted stock awards is determined based on the closing stock price of Company common shares on the grant date. The weighted-average grant date fair value of the restricted stock awards granted was $19.61 per share. As of June 30, 2016, the total unrecognized compensation cost related to non-vested awards totaled $2. 5 million, and is expected to be recognized over a weighted average period of approximately 1.96 years. Market-based stock awards During the six months ended June 30, 2016, the Company granted market-based stock awards of 26,594 shares in accordance with the 2014 Plan. These shares have a five -year performance period. The restricted stock shares vest upon the later of the Company’s stock price achieving an established price goal during the performance period, and the third anniversary of the date of grant. The fair value of these awards was determined using a Monte Carlo Simulation at grant date. The grant date fair value of these awards was $11.28 . As of June 30, 2016, the total unrecognized compensation cost related to non-vested awards totaled $0.2 million, and is expected to be recognized over a weighted average period of approximately 2.7 years. Performance stock units During the six months ended June 30, 2016, the Company granted 91,342 performance stock units in accordance with the 2014 Plan. These performance stock units granted represent initial target awards and do not reflect potential increases or decreases resulting from the final performance results, which are to be determined at the end of the three-year performance period. The actual number of shares to be awarded at the end of the performance period will range from 0% - 150% of the initial target awards. 60% of the award is based on the Company’s cumulative earnings per share (EPS target) during the performance period, and 40% of the award is based on the Company’s cumulative total shareholder return (TSR target), or TSR, during the performance period. The Company’s TSR will be compared to the respective TSRs of the companies comprising the KBW Regional Index to determine the shares awarded. The fair value of the EPS target portion of the award was determined based on the closing stock price of the Company’s common stock on the grant date. The fair value of the TSR target portion of the award was determined using a Monte Carlo Simulation at the grant date. The weighted-average grant date fair value per unit of the EPS target portion and the TSR target portion was $19.56 and $16.52 , respectively. As of June 30, 2016, the total unrecognized compensation cost related to non-vested units totaled $1.2 million, and is expected to be recognized over a weighted average period of approximately 2.7 years. The following table summarizes restricted stock and performance stock activity for the six months ended June 30, 2016: Weighted Weighted Restricted Average Grant- Performance Average Grant- Shares Date Fair Value Stock Units Date Fair Value Unvested at December 31, 2015 $ — $ — Vested — — Granted Forfeited Surrendered — — Unvested at June 30, 2016 $ $ Expense related to non-vested restricted awards and units totaled $0.7 million during the three months ended June 30, 2016 and 2015, and $1.4 million and $1.2 million during the six months ended June 30, 2016 and 2015, respectively, and is included in salaries and benefits in the consolidated statements of operations. Employee Stock Purchase Plan The 2014 Employee Stock Purchase Plan (“ESPP”) is intended to be a qualified plan within the meaning of Section 423 of the Internal Revenue Code of 1986 and allows eligible employees to purchase shares of common stock through payroll deductions up to a limit of $25,000 per calendar year and 2,000 shares per offering period. The price an employee pays for shares is 90.0% of the fair market value of Company common stock on the last day of the offering period. The offering periods is the six -month period commencing on March 1 and September 1 of each year and ending on August 31 and February 28 (or February 29 in the case of a leap year) of each year. There is no vesting or other restrictions on the stock purchased by employees under the ESPP. Under the ESPP, the total number of shares of common stock reserved for issuance totaled 400,000 shares. Under the ESPP, employees purchased 10,458 shares during the six months ended June 30, 2016. There were 375,057 shares available for issuance under the ESPP at June 30, 2016. |
Warrants
Warrants | 6 Months Ended |
Jun. 30, 2016 | |
Warrants and Rights Note Disclosure [Abstract] | |
Warrants | Note 10 Warrants The Company had 725,750 outstanding warrants to purchase Company stock as of June 30, 2016 and December 31, 2015, respectively. The warrants were granted to certain lead shareholders of the Company at the time of the Company’s initial capital raise (2009-2010), all with an exercise price of $20.00 per share. During December 2015, the company modified its remaining warrant agreements resulting in the reclassification of $3.1 million to additional paid-in capital included in the consolidated statements of financial condition as of June 30, 2016. The modified term of the warrants is for ten years and six months from the date of grant and the expiration dates of the warrants range from April 20, 2020 - September 23, 2020 . Prior to the warrants reclassification to additional paid-in-capital during the fourth quarter of 2015, the warrants were revalued each reporting period. Th e Company recorded an expense of $0.5 million and $0.1 million for the three and sixth months ended June 30, 2015, respectively, in the consolidated statements of operations, resulting from the change in fair value of the warrant liability. |
Common Stock
Common Stock | 6 Months Ended |
Jun. 30, 2016 | |
Equity [Abstract] | |
Common Stock | Note 11 Common Stock On January 21, 2016, the Board of Directors authorized a new share repurchase program for up to $50.0 million from time to time in either the open market or through privately negotiated transactions. The remaining authorization under this program as of June 30, 2016 provides a total $23.2 million. The Company had 28,810,883 shares of Class A common stock outstanding as of June 30, 2016, and 30,358,509 shares of Class A common stock outstanding as of December 31, 2015. Additionally, as of June 30, 2016 and December 31, 2015, the Company had 830,418 and 836,031 shares, respectively, of restricted Class A common stock issued but not yet vested under the 2014 Plan and the Prior Plan that are not included in shares outstanding until such time that they are vested; however, these shares do have voting and certain dividend rights during the vesting period. |
Income Per Share
Income Per Share | 6 Months Ended |
Jun. 30, 2016 | |
Earnings Per Share [Abstract] | |
Income Per Share | Note 12 Income Per Share The Company calculates income per share under the two-class method, as certain non-vested share awards contain non-forfeitable rights to dividends. As such, these awards are considered securities that participate in the earnings of the Company. Non-vested shares are discussed further in note 9. The Company had 28,810,883 and 35,053,339 shares outstanding (inclusive of Class A and B) as of June 30, 2016 and 2015, respectively, exclusive of issued non-vested restricted shares. Certain stock options and non-vested restricted shares are potentially dilutive securities, but are not included in the calculation of diluted earnings per share because to do so would have been anti-dilutive for the three and six months ended June 30, 2016 and 2015. The following table illustrates the computation of basic and diluted income per share for the three and six months ended June 30, 2016 and 2015: For the three months ended For the six months ended June 30, 2016 June 30, 2015 June 30, 2016 June 30, 2015 Net income (loss) $ $ $ $ Less: earnings allocated to participating securities — — Earnings (loss) allocated to common shareholders $ $ $ $ Weighted average shares outstanding for basic earnings per common share Dilutive effect of equity awards — — Dilutive effect of warrants — — Weighted average shares outstanding for diluted earnings per common share Basic earnings (loss) per share $ $ $ $ Diluted earnings (loss) per share $ $ $ $ The Company had 2,703,752 and 3,058,821 outstanding stock options to purchase common stock at weighted average exercise prices of $19.82 and $19.86 per share at June 30, 2016 and 2015, respectively, which have time-vesting criteria, and as such, any dilution is derived only for the time frame in which the vesting criteria had been met and where the inclusion of those stock options is dilutive. Additionally, the Company had outstanding warrants to purchase shares of the Company’s common stock totaling 725,750 and 830,750 as of June 30, 2016 and 2015, respectively. The warrants have an exercise price of $20.00 , which were in-the-money for purposes of dilution calculations during the three and six months ended June 30, 2016, and out-of-the-money during the three and six months ended June 30, 2015. The Company had 918,890 and 1,043,228 unvested restricted shares and units issued as of June 30, 2016 and 2015, respectively, which have performance, market and/or time-vesting criteria, and as such, any dilution is derived only for the time frame in which the vesting criteria had been met and where the inclusion of those restricted shares and units is dilutive. In accordance with ASC Topic 260, Earnings Per Share, the dilutive effect of earnings allocated to participating securities, and any potential common shares related to equity awards and warrants are excluded from the calculation of diluted earnings (loss) per share when a loss from continuing operations exists. For the three and six months ended June 30, 2015, the dilutive effect of equity awards totaling 630 shares and 276 shares, respectively, and earnings allocated to participating securities are excluded from diluted loss per share. |
Income Taxes
Income Taxes | 6 Months Ended |
Jun. 30, 2016 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | Note 13 Income Taxes The income tax rate for the three months ended June 30, 2016 and 2015 was an expense of 17.9% and 106.6% , respectively. The income tax rate for the six months ended June 30, 2016 and 2015 was an expense of 19.8% and an expense of 154.6% , respectively. The three month and six months ended June 30, 2016 rate was calculated based on a full year forecast method. The quarterly tax rate differs from the federal statutory rate primarily due to interest income from tax-exempt lending, bank-owned life insurance income, and the relationship of these items to pre-tax income. The tax rate for the three and six months ended June 30, 2016 is not comparable to the three and six months ended June 30, 2015 as the Company moved from recording income tax expense on a discrete quarter basis in 2015 to a full year forecast method in 2016. The three and six months ended June 30, 2015 included income from tax-exempt lending and bank-owned life insurance which exceeded the amount of pre-tax income and would have resulted in a net benefit, however, write-offs of deferred tax assets associated with stock based compensation forfeitures resulted in income tax expense for both periods of 2015. See management’s discussion and analysis for further information. |
Derivatives
Derivatives | 6 Months Ended |
Jun. 30, 2016 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Derivatives | Note 14 Derivatives Risk management objective of using derivatives The Company is exposed to certain risks arising from both its business operations and economic conditions. The Company has established policies that neither carrying value nor fair value at risk should exceed established guidelines. The Company has designed strategies to confine these risks within the established limits and identify appropriate trade-offs in the financial structure of its balance sheet. These strategies include the use of derivative financial instruments to help achieve the desired balance sheet repricing structure while meeting the desired objectives of its clients. Currently, the Company employs certain interest rate swaps that are designated as fair value hedges as well as economic hedges. The Company manages a matched book with respect to its derivative instruments in order to minimize its net risk exposure resulting from such transactions. Fair values of derivative instrument of the balance sheet The table below presents the fair value of the Company’s derivative financial instruments as well as their classification on the consolidated statements of financial condition as of June 30, 2016 and December 31, 2015. Information about the valuation methods used to measure fair value is provided in note 16 of the consolidated financial statements. Asset Derivatives Fair Value Liability Derivatives Fair Value Balance Sheet June 30, December 31, Balance Sheet June 30, December 31, Location 2016 2015 Location 2016 2015 Derivatives designated as hedging instruments: Interest rate products Other assets $ $ Other liabilities $ $ Forward contracts Other assets — — Other liabilities — Total derivatives designated as hedging instruments $ $ $ $ Derivatives not designated as hedging instruments: Interest rate products Other assets $ $ Other liabilities $ $ Interest rate lock commitments Other assets — Other liabilities — — Forward loan sales agreements Loans held for sale — Loans held for sale — — Total derivatives not designated as hedging instruments $ $ $ $ Fair value hedges Interest rate swaps designated as fair value hedges involve the receipt of variable-rate amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without the exchange of the underlying notional amount. As of June 30, 2016, the Company had thirty-seven interest rate swaps with a notional amount of $317.2 million that were designated as fair value hedges of interest rate risk associated with the Company’s fixed-rate loans. The Company had thirty-one outstanding interest rate swaps with a notional amount of $273.3 million that were designated as fair value hedges of interest rate risk associated with Company’s fixed-rate loans as of December 31, 2015. As part of its mortgage banking activities, the Company enters into forward contracts to hedge the change in the value of interest rate lock commitments between the time the locks are extended to borrowers and the time the loans are committed to an investor or allocated to a trade. As of June 30, 2016, the Company had twenty-three forward contracts with a notional value of $17.5 million. At December 31, 2015, the Company had no mandatory mortgage banking derivative financial instruments, and the best efforts mortgage banking derivatives were immaterial to the consolidated financial statements. For derivatives designated and that qualify as fair value hedges, the gain or loss on the derivative as well as the offsetting loss or gain on the hedged item attributable to the hedged risk are recognized in earnings. The Company includes the gain or loss on the hedged items in the same line item as the offsetting loss or gain on the related derivatives. During the three and six months ended June 30, 2016, the Company recognized a net loss of $640 thousand and $1.3 million, respectively, in non-interest income related to hedge ineffectiveness. During the three and six months ended June 30 2015, the Company recognized a net gain of $405 thousand and $266 thousand, respectively, in non-interest income related to hedge ineffectiveness. Non-designated hedges Derivatives not designated as hedges are not speculative and consist of interest rate swaps with commercial banking clients that facilitate their respective risk management strategies. Interest rate swaps are simultaneously hedged by offsetting interest rate swaps that the Company executes with a third party, such that the Company minimizes its net risk exposure resulting from such transactions. As the interest rate swaps associated with this program do not meet the strict hedge accounting requirements, changes in the fair value of both the client swaps and the offsetting swaps are recognized directly in earnings. As of June 30, 2016, the Company had twenty-five matched interest rate swap transactions with an aggregate notional amount of $77.7 million related to this program. As of December 31, 2015, the Company had twenty matched interest rate swap transactions with an aggregate notional amount of $68.1 million related to this program. As part of its mortgage banking activities, the Company enters into interest rate lock commitments, which are commitments to originate loans where the interest rate on the loan is determined prior to funding and the customers have locked into that interest rate. The Company then locks in the loan and interest rate with an investor and commits to deliver the loan if settlement occurs ("best efforts") or commits to deliver the locked loan in a binding ("mandatory") delivery program with an investor. Fair value changes of certain loans under interest rate lock commitments are hedged with forward sales contracts of mortgage backed securities ("MBS"). Forward sales contracts of MBS are recorded at fair value with changes in fair value recorded in non-interest income. Interest rate lock commitments and commitments to deliver loans to investors are considered derivatives. The market value of interest rate lock commitments and best efforts contracts are not readily ascertainable with precision because they are not actively traded in stand-alone markets. The Company determines the fair value of interest rate lock commitments and delivery contracts by measuring the fair value of the underlying asset, which is impacted by current interest rates, taking into consideration the probability that the interest rate lock commitments will close or will be funded. Certain additional risks arise from these forward delivery contracts in that the counterparties to the contracts may not be able to meet the terms of the contracts. The Company does not expect any counterparty to any MBS contract to fail to meet its obligation. Additional risks inherent in mandatory delivery programs include the risk that, if the Company fails to deliver the loans subject to interest rate risk lock commitments, it will still be obligated to “pair off” MBS to the counterparty under the forward sales agreement. Should this be required, the Company could incur significant costs in acquiring replacement loans and such costs could have an adverse effect on the consolidated financial statements. The fair value of the mortgage banking derivative is recorded as a freestanding asset or liability with the change in value being recognized in current earnings during the period of change. The Company had ninety-one interest rate lock commitments with a notional value of $16.3 million at June 30, 2016. The Company had fourteen forward loan sales commitments with a notional value of $2.4 million at June 30, 2016. At December 31, 2015, the Company had no mandatory delivery interest rate lock commitments or forward loan sales commitments, and the best efforts mortgage banking derivatives were immaterial to the consolidated financial statements. Effect of derivative instruments on the consolidated statements of operations The tables below present the effect of the Company’s derivative financial instruments on the consolidated statements of operations for the three and six months ended June 30, 2016 and 2015: Location of loss Amount of loss recognized in income on derivatives Derivatives in fair value recognized in income on For the three months ended June 30, For the six months ended June 30, hedging relationships derivatives 2016 2015 2016 2015 Interest rate products Other non-interest income $ $ $ $ Forward contracts Other non-interest income — — Total derivatives in fair value hedging relationships $ $ $ $ Location of gain (loss) Amount of gain (loss) recognized in income on hedged items recognized in income on For the three months ended June 30, For the six months ended June 30, Hedged items hedged items 2016 2015 2016 2015 Interest rate products Other non-interest income $ $ $ $ Total hedged items $ $ $ $ Location of gain (loss) Amount of gain (loss) recognized in income on derivatives Derivatives not designated recognized in income on For the three months ended June 30, For the six months ended June 30, as hedging instruments derivatives 2016 2015 2016 2015 Interest rate products Other non-interest expense $ $ $ $ Interest rate lock commitments Other non-interest income — — Forward loan sales agreements Gain on sale of mortgages, net — — Total $ $ $ $ Credit-risk-related contingent features The Company has agreements with its derivative counterparties that contain a provision where if the Company defaults on any of its indebtedness for reasons other than an error or omission of an administrative or operational nature, including default where repayment of the indebtedness has not been accelerated by the lender, then the Company could also be declared in default on its derivative obligations. The Company also has agreements with certain of its derivative counterparties that contain a provision where if the Company fails to maintain its status as a well/adequately capitalized institution, then the counterparty has the right to terminate the derivative positions and the Company would be required to settle its obligations under the agreements. As of June 30, 2016 and December 31, 2015, the termination value of derivatives in a net liability position related to these agreements was $29.2 million and $9.0 million, respectively, which includes accrued interest but excludes any adjustment for nonperformance risk. The Company has minimum collateral posting thresholds with certain of its derivative counterparties and as of June 30, 2016 and December 31, 2015, the Company had posted $31.2 million and $8.2 million, respectively, in eligible collateral. If the Company had breached any of these provisions at June 30, 2016, it could have been required to settle its obligations under the agreements at the termination value. |
Commitments and Contingencies
Commitments and Contingencies | 6 Months Ended |
Jun. 30, 2016 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies | Note 15 Commitments and Contingencies In the normal course of business, the Company enters into various off-balance sheet commitments to help meet the financing needs of clients. These financial instruments include commitments to extend credit, commercial and consumer lines of credit and standby letters of credit. The same credit policies are applied to these commitments as the loans on the consolidated statements of financial condition; however, these commitments involve varying degrees of credit risk in excess of the amount recognized in the consolidated statements of financial condition. At June 30, 2016 and December 31, 2015, the Company had loan commitments totaling $542.7 million and $627.2 million, respectively, and standby letters of credit that totaled $9.6 million and $9.8 million, respectively. The total amounts of unused commitments do not necessarily represent future credit exposure or cash requirements, as commitments often expire without being drawn upon. However, the contractual amount of these commitments, offset by any additional collateral pledged, represents the Company’s potential credit loss exposure. Total unfunded commitments at June 30, 2016 and December 31, 2015 were as follows: June 30, 2016 December 31, 2015 Commitments to fund loans $ $ Credit card lines of credit — Unfunded commitments under lines of credit Commercial and standby letters of credit Total $ $ Commitments to fund loans —Commitments to fund loans are legally binding agreements to lend to clients in accordance with predetermined contractual provisions providing there have been no violations of any conditions specified in the contract. These commitments are generally at variable interest rates and are for specific periods or contain termination clauses and may require the payment of a fee. The total amounts of unused commitments are not necessarily representative of future credit exposure or cash requirements, as commitments often expire without being drawn upon. Credit card lines of credit —The Company extends lines of credit to clients through the use of credit cards issued by the Bank. These lines of credit represent the maximum amounts allowed to be funded, many of which will not exhaust the established limits, and as such, these amounts are not necessarily representations of future cash requirements or credit exposure. During the first quarter of 2016, the Company sold its credit card lines of credit and entered into a joint marketing agreement with an unrelated third-party. As a result of this action, the Company will be able to better provide small business and consumers with access to a more competitive suite of products and services that allow us more opportunity to deepen relationships with our clients and generate additional revenue. Under this agreement the Company will share in interchange fee income and receive a referral fee for each new client account. Unfunded commitments under lines of credit —In the ordinary course of business, the Company extends revolving credit to its clients. These arrangements may require the payment of a fee. Commercial and standby letters of credit —As a provider of financial services, the Company routinely issues commercial and standby letters of credit, which may be financial standby letters of credit or performance standby letters of credit. These are various forms of “back-up” commitments to guarantee the performance of a client to a third party. While these arrangements represent a potential cash outlay for the Company, the majority of these letters of credit will expire without being drawn upon. Letters of credit are subject to the same underwriting and credit approval process as traditional loans, and as such, many of them have various forms of collateral securing the commitment, which may include real estate, personal property, receivables or marketable securities. Contingencies In the ordinary course of business, the Company and the Bank may be subject to litigation. Based upon the available information and advice from the Company’s legal counsel, management does not believe that any potential, threatened or pending litigation to which it is a party will have a material adverse effect on the Company’s liquidity, financial condition or results of operations. |
Fair Value Measurements
Fair Value Measurements | 6 Months Ended |
Jun. 30, 2016 | |
Fair Value Disclosures [Abstract] | |
Fair Value Measurements | Note 16 Fair Value Measurements The Company uses fair value measurements to record fair value adjustments to certain assets and liabilities and to disclose the fair value of its financial instruments. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. For disclosure purposes, the Company groups its financial and non-financial assets and liabilities into three different levels based on the nature of the instrument and the availability and reliability of the information that is used to determine fair value. The three levels are defined as follows: · Level 1—Includes assets or liabilities in which the inputs to the valuation methodologies are based on unadjusted quoted prices in active markets for identical assets or liabilities. · Level 2—Includes assets or liabilities in which the inputs to the valuation methodologies are based on similar assets or liabilities in inactive markets, quoted prices for identical or similar assets or liabilities in inactive markets, and inputs other than quoted prices that are observable, such as interest rates, yield curves, volatilities, prepayment speeds, and other inputs obtained from observable market input. · Level 3—Includes assets or liabilities in which the inputs to the valuation methodology are based on at least one significant assumption that is not observable in the marketplace. These valuations may rely on management’s judgment and may include internally-developed model-based valuation techniques. Level 1 inputs are considered to be the most transparent and reliable and level 3 inputs are considered to be the least transparent and reliable. The Company assumes the use of the principal market to conduct a transaction of each particular asset or liability being measured and then considers the assumptions that market participants would use when pricing the asset or liability. Whenever possible, the Company first looks for quoted prices for identical assets or liabilities in active markets (level 1 inputs) to value each asset or liability. However, when inputs from identical assets or liabilities on active markets are not available, the Company utilizes market observable data for similar assets and liabilities. The Company maximizes the use of observable inputs and limits the use of unobservable inputs to occasions when observable inputs are not available. The need to use unobservable inputs generally results from the lack of market liquidity of the actual financial instrument or of the underlying collateral. Although, in some instances, third party price indications may be available, limited trading activity can challenge the observability of these quotations. Changes in the valuation inputs used for measuring the fair value of financial instruments may occur due to changes in current market conditions or other factors. Such changes may necessitate a transfer of the financial instruments to another level in the hierarchy based on the new inputs used. The Company recognizes these transfers at the end of the reporting period that the transfer occurs. During the six months ended June 30, 2016 and 2015, there were no transfers of financial instruments between the hierarchy levels. The following is a description of the valuation methodologies used for assets and liabilities measured at fair value, as well as the general classification of each instrument under the valuation hierarchy: Fair Value of Financial Instruments Measured on a Recurring Basis Investment securities available-for-sale —Investment securities available-for-sale are carried at fair value on a recurring basis. To the extent possible, observable quoted prices in an active market are used to determine fair value and, as such, these securities are classified as level 1. At June 30, 2016 and December 31, 2015, the Company did not hold any level 1 securities. When quoted market prices in active markets for identical assets or liabilities are not available, quoted prices of securities with similar characteristics, discounted cash flows or other pricing characteristics are used to estimate fair values and the securities are then classified as level 2. At June 30, 2016 and December 31, 2015, the Company’s level 2 securities included mortgage-backed securities comprised of residential mortgage pass-through securities, and other residential mortgage-backed securities. All other investment securities are classified as level 3. Interest rate swap derivatives —The Company's derivative instruments are limited to interest rate swaps that may be accounted for as fair value hedges or non-designated hedges. The fair values of the swaps incorporate credit valuation adjustments in order to appropriately reflect nonperformance risk in the fair value measurements. The credit valuation adjustment is the dollar amount of the fair value adjustment related to credit risk and utilizes a probability weighted calculation to quantify the potential loss over the life of the trade. The credit valuation adjustments are calculated by determining the total expected exposure of the derivatives (which incorporates both the current and potential future exposure) and then applying the respective counterparties’ credit spreads to the exposure offset by marketable collateral posted, if any. Certain derivative transactions are executed with counterparties who are large financial institutions ("dealers"). International Swaps and Derivative Association Master Agreements ("ISDA") and Credit Support Annexes ("CSA") are employed for all contracts with dealers. These contracts contain bilateral collateral arrangements. The fair value inputs of these financial instruments are determined using discounted cash flow analysis through the use of third-party models whose significant inputs are readily observable market parameters, primarily yield curves, with appropriate adjustments for liquidity and credit risk, and are classified as level 2. Mortgage banking derivatives —The Company relies on a third-party pricing service to value its mortgage banking derivative financial assets and liabilities, which the Company classifies as a level 3 valuation. The external valuation model to estimate the fair value of its interest rate lock commitments to originate residential mortgage loans held for sale includes grouping the interest rate lock commitments by interest rate and terms, applying an estimated pull-through rate based on historical experience, and then multiplying by quoted investor prices determined to be reasonably applicable to the loan commitment groups based on interest rate, terms, and rate lock expiration dates of the loan commitment groups. The Company also relies on an external valuation model to estimate the fair value of its forward commitments to sell residential mortgage loans (i.e., an estimate of what the Company would receive or pay to terminate the forward delivery contract based on market prices for similar financial instruments), which includes matching specific terms and maturities of the forward commitments against applicable investor pricing. The tables below present the financial instruments measured at fair value on a recurring basis as of June 30, 2016 and December 31, 2015 on the consolidated statements of financial condition utilizing the hierarchy structure described above: June 30, 2016 Level 1 Level 2 Level 3 Total Assets: Investment securities available-for-sale: Mortgage-backed securities (“MBS”): Residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises $ — $ $ — $ Other residential MBS issued or guaranteed by U.S. Government agencies or sponsored enterprises — — Municipal securities — Other securities — — Interest rate swap derivatives — — Mortgage banking derivatives — — Total assets at fair value $ — $ $ $ Liabilities: Interest rate swap derivatives $ — $ $ — $ Mortgage banking derivatives — — Total liabilities at fair value $ — $ $ $ December 31, 2015 Level 1 Level 2 Level 3 Total Assets: Investment securities available-for-sale: Mortgage-backed securities (“MBS”): Residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises $ — $ $ — $ Other residential MBS issued or guaranteed by U.S. Government agencies or sponsored enterprises — — Municipal securities — — Other securities — — Interest rate swap derivatives — — Total assets at fair value $ — $ $ $ Liabilities: Interest rate swap derivatives $ — $ $ — $ Total liabilities at fair value $ — $ $ — $ The table below details the changes in level 3 financial instruments during the six months ended June 30, 2016 and June 30, 2015: Other Municipal Mortgage banking securities securities derivatives, net Balance at December 31, 2014 $ $ — $ — Net change in Level 3 — — — Balance at June 30, 2015 $ $ — $ — Balance at December 31, 2015 $ $ $ — Gain included in earnings, net — — Net change in Level 3 — — Balance at June 30, 2016 $ $ $ Fair Value Measured on a Non-recurring Basis Certain assets may be recorded at fair value on a non-recurring basis as conditions warrant. These non-recurring fair value measurements typically result from the application of lower of cost or fair value accounting or a write-down occurring during the period. The Company records collateral dependent loans that are considered to be impaired at their estimated fair value. A loan is considered impaired when it is probable that the Company will be unable to collect all contractual amounts due in accordance with the terms of the loan agreement. Collateral dependent impaired loans are measured based on the fair value of the collateral. The Company relies on third-party appraisals and internal assessments in determining the estimated fair values of these loans. The inputs used to determine the fair values of loans are considered level 3 inputs in the fair value hierarchy. During the six months ended June 30, 2016, the Company measured six loans not accounted for under ASC 310-30 at fair value on a non-recurring basis. These loans carried specific reserves totaling $14.9 million at June 30, 2016. During the six months ended June 30, 2016, the Company added specific reserves of $13.2 million for three loans with carrying balances of $28.9 million at June 30, 2016. The Company also decreased specific reserves of $2.7 million for five loans during the six months ended June 30, 2016. The Company may be required to record fair value adjustments on loans held-for-sale on a non-recurring basis. The non-recurring fair value adjustments could involve lower of cost or fair value accounting and may include write-downs. OREO is recorded at the lower of the cost basis or the fair value of the collateral less estimated selling costs. The estimated fair values of OREO are updated periodically and further write-downs may be taken to reflect a new basis. The Company recognized $0.1 million and $0.8 million of OREO impairments in its consolidated statements of operations during the six months ended June 30, 2016 and 2015, respectively. The fair values of OREO are derived from third party price opinions or appraisals that generally use an income approach or a market value approach. If reasonable comparable appraisals are not available, then the Company may use internally developed models to determine fair values. The inputs used to determine the fair values of OREO are considered level 3 inputs in the fair value hierarchy. The table below provides information regarding the assets recorded at fair value on a non-recurring basis during the six months ended June 30, 2016 and 2015: June 30, 2016 Total Losses from fair value changes Other real estate owned $ $ Impaired loans June 30, 2015 Total Losses from fair value changes Other real estate owned $ $ Impaired loans Premise and Equipment The Company did not record any liabilities for which the fair value was made on a non-recurring basis during the six months ended June 30, 2016. The following table provides information about the valuation techniques and unobservable inputs used in the valuation of financial instruments falling within level 3 of the fair value hierarchy as of June 30, 2016. The table below excludes non-recurring fair value measurements of collateral value used for impairment measures for OREO and premise and equipment. These valuations utilize third party appraisal or broker price opinions, and are classified as level 3 due to the significant judgment involved: Fair value at June 30, 2016 Valuation Technique Unobservable Input Qualitative Measures Other available-for-sale securities $ Par value Par value Municipal securities Par value Par value Impaired loans Appraised value Appraised values Discount rate 0% - 25% |
Fair Value of Financial Instrum
Fair Value of Financial Instruments | 6 Months Ended |
Jun. 30, 2016 | |
Fair Value Disclosures [Abstract] | |
Fair Value of Financial Instruments | Note 17 Fair Value of Financial Instruments The fair value of a financial instrument is the amount that would be exchanged between willing parties, other than in a forced liquidation. Fair value is determined based upon quoted market prices to the extent possible; however, in many instances, there are no quoted market prices for the Company’s various financial instruments. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques that may be significantly impacted by the assumptions used, including the discount rate and estimates of future cash flows. Changes in any of these assumptions could significantly affect the fair value estimates. The fair value of the financial instruments listed below does not reflect a premium or discount that could result from offering all of the Company’s holdings of financial instruments at one time, nor does it reflect the underlying value of the Company, as ASC Topic 825 excludes certain financial instruments and all non-financial instruments from its disclosure requirements. The fair value of financial instruments at June 30, 2016 and December 31, 2015, including methods and assumptions utilized for determining fair value of financial instruments, are set forth below: Level in fair value June 30, 2016 December 31, 2015 measurement Carrying Estimated Carrying Estimated hierarchy amount fair value amount fair value ASSETS Cash and cash equivalents Level 1 $ $ $ $ Mortgage-backed securities—residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises available-for-sale Level 2 Mortgage-backed securities—other residential mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored enterprises available-for-sale Level 2 Municipal securities Level 2 — — Municipal securities Level 3 Other available-for-sale securities Level 3 Mortgage-backed securities—residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises held-to-maturity Level 2 Mortgage-backed securities—other residential mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored enterprises held-to-maturity Level 2 Non-marketable securities Level 2 Loans receivable, net Level 3 Loans held-for-sale Level 2 Accrued interest receivable Level 2 Interest rate swap derivatives Level 2 Mortgage banking derivatives Level 3 — — LIABILITIES Deposit transaction accounts Level 2 Time deposits Level 2 Securities sold under agreements to repurchase Level 2 Federal Home Loan Bank advances Level 2 Accrued interest payable Level 2 Interest rate swap derivatives Level 2 Mortgage banking derivatives Level 3 — — Cash and cash equivalents Cash and cash equivalents have a short-term nature and the estimated fair value is equal to the carrying value. S ecurities purchased under agreements to resell The fair value of securities purchased under agreements to resell is estimated by discounting contractual maturities utilizing current market rates for similar instruments. Investment securities The estimated fair value of investment securities is based on quoted market prices or bid quotations received from securities dealers. Other investment securities, including securities that are held for regulatory purposes are carried at cost, less any other- than-temporary impairment. Loans receivable The estimated fair value of the loan portfolio is estimated using a discounted cash flow analysis using a discount rate based on interest rates offered at the respective measurement dates for loans with similar terms to borrowers of similar credit quality. The allowance for loan losses is considered a reasonable estimate of any required adjustment to fair value to reflect the impact of credit risk. The estimates of fair value do not incorporate the exit-price concept prescribed by ASC Topic 820, Fair Value Measurements and Disclosures . Loans held-for-sale Loans held-for-sale are carried at the lower of aggregate cost or estimated fair value. The portfolio consists primarily of fixed rate residential mortgage loans that are sold within 45 days. The estimated fair value is based on quoted market prices for similar loans in the secondary market and is classified as level 2. Accrued interest receivable Accrued interest receivable has a short-term nature and the estimated fair value is equal to the carrying value. Deposits The estimated fair value of deposits with no stated maturity, such as non-interest bearing demand deposits, savings, NOW accounts, and money market accounts, is equal to the amount payable on demand. The fair value of interest-bearing time deposits is based on the discounted value of contractual cash flows of such deposits, taking into account the option for early withdrawal. The discount rate is estimated using the current market rates offered by the Company, at the respective measurement dates, for deposits of similar remaining maturities. Derivative assets and liabilities Fair values for derivative assets and liabilities are fully described in note 16 of the consolidated financial statements. Securities sold under agreements to repurchase The vast majority of the Company’s repurchase agreements are overnight transactions that mature the day after the transaction, and as a result of this short-term nature, the estimated fair value is equal to the carrying value. Accrued interest payable Accrued interest payable has a short-term nature and the estimated fair value is equal to the carrying value. |
Subsequent Event
Subsequent Event | 6 Months Ended |
Jun. 30, 2016 | |
Subsequent Events [Abstract] | |
Subsequent Events | Note 18 Subsequent Event On August 5, 2016, the Company’s Board of Directors authorized a new program to repurchase up to $50.0 million of the Company’s common stock from time to time either in the open market or in privately negotiated transactions in accordance with applicable regulations of the Securities and Exchange Commission. This authorization is in addition to the share repurchase authority that was previously authorized by the Company’s Board of Directors on January 21, 2016. |
Recent Accounting Pronounceme28
Recent Accounting Pronouncements (Policies) | 6 Months Ended |
Jun. 30, 2016 | |
Accounting Policies [Abstract] | |
Loans held for sale | Loans held for sale — The Company enters into commitments to originate residential mortgage loans whereby the interest rate on the loan is determined prior to funding (i.e. interest rate lock commitments). Such interest rate lock commitments on mortgage loans to be sold in the secondary market are considered to be derivatives. To protect against the price risk inherent in residential mortgage loan commitments, the Company utilizes both "best efforts" and "mandatory delivery" forward loan sale commitments to mitigate the risk of potential increases or decreases in the values of loans that would result from the change in market rates for such loans. Under a "best efforts" contract, the Company commits to deliver an individual mortgage loan of a specified principal amount and quality to an investor and the investor commits to a price that it will purchase the loan from the Company only if the loan to the underlying borrower closes. As a result, the Company is not generally exposed to gains or losses on loans sold utilizing best efforts due to changes in underlying market interest rates between the time of the rate lock and loan sale. The market value of interest rate lock commitments and best efforts contracts are not readily ascertainable with precision because rate lock commitments and best efforts contracts are not actively traded. However, because of the high correlation between rate lock commitments and best efforts contracts offsetting market value changes, no gain or loss should occur on the interest rate lock commitments. Under a "mandatory delivery" contract, the Company commits to deliver a certain principal amount of mortgage loans to an investor at a specified price on or before a specified date. This typically happens after the loan to the underlying borrower closes. The Company manages the interest rate risk on interest rate lock commitments by entering into forward sale contracts of mortgage backed securities, whereby the Company obtains the right to deliver securities to investors in the future at a specified price. Such contracts are accounted for as derivatives and are recorded at fair value as derivative assets or liabilities. They are carried on the consolidated statements of financial condition within other assets or other liabilities and changes in fair value are recorded in other non-interest income within the consolidated statements of operations. The period of time between issuance of a loan commitment to the customer and closing of the loan to an investor generally ranges from 30 - 90 days under normal market conditions. The gross gains on loan sales are recognized based on new loan commitments with adjustment for price and pair-off activity. Commission expenses on loans held for sale are recognized based on loans closed. Income taxes |
Recent Accounting Pronouncements | Revenue from Contracts with Customers — In May 2014, the FASB issued ASU 2014-09, "Revenue from Contracts with Customers." This update supersedes revenue recognition requirements in ASC Topic 605, Revenue Recognition , including most industry-specific revenue recognition guidance in the FASB Accounting Standards Codification. The new guidance stipulates that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The guidance provides specific steps that entities should apply in order to achieve this principle. The amendments are effective for interim and annual periods beginning after December 15, 2017, with early application permitted for interim and annual periods beginning after December 15, 2016. ASU No. 2014-09 allows for either full retrospective or modified retrospective adoption. The Company is in the process of evaluating the impact of the ASU's adoption on the Company's consolidated financial statements. The Company has not yet selected a transition method nor has it determined the effect of the standard on its ongoing financial reporting. Financial Instruments - Recognition and Measurement of Financial Assets and Financial Liabilities —In January 2016, the FASB issued ASU 2016-01, Financial Instruments - Recognition and Measurement of Financial Assets and Financial Liabilities (Topic 825). ASU No. 2016-01 revises the classification and measurement of investments in certain equity investments and the presentation of certain fair value changes for certain financial liabilities measured at fair value. ASU No. 2016-01 requires the change in fair value of many equity investments to be recognized in net income. ASU No. 2016-01 is effective for interim and annual periods beginning after December 15, 2017, with early adoption permitted. Adopting ASU No. 2016-01 may result in a cumulative effect adjustment to the consolidated statements of changes in shareholders’ equity as of the beginning of the year of adoption. The adoption of this ASU is not expected to have a material impact on the Company’s consolidated financial statements. Leases —In February 2016, the FASB issued ASU 2016-02, Leases. The guidance in ASU 2016-02 supersedes the lease recognition requirements in ASC Topic 840, Leases . The new standard establishes a right-of-use (ROU) model that requires a lessee to record a ROU asset and lease liability on the balance sheet for all leases with terms longer than 12 months. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the income statements. The new standard is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years, with early adoption permitted. A modified retrospective transition approach is required for lessees for capital and operating leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. Early adoption of the amendments in the update is permitted. The Company is in the process of evaluating the impact of the ASU's adoption on the Company's consolidated financial statements . Improvements to Employee Share-Based Payment Accounting —In March 2016, the FASB issued ASU 2016-09, Improvements to Employee Share-Based Payment Accounting, which amends ASC Topic 718, Compensation – Stock Compensation . ASU 2016-09 simplifies several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. ASU 2016-09 is effective for fiscal years beginning after December 15, 2016, and interim periods within those fiscal years and early adoption is permitted. The adoption of this ASU is not expected to have a material impact on the Company’s consolidated financial statements. Financial Instruments - Credit Losses — |
Investment Securities - (Tables
Investment Securities - (Tables) | 6 Months Ended |
Jun. 30, 2016 | |
Investments, Debt and Equity Securities [Abstract] | |
Available-for-sale Securities | At June 30, 2016 and December 31, 2015, the Company held $1.0 billion and $1.2 billion of available-for-sale investment securities, respectively. Available-for-sale investment securities are summarized as follows as of the dates indicated: June 30, 2016 Amortized Gross Gross cost unrealized gains unrealized losses Fair value Mortgage-backed securities (“MBS”): Residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises $ $ $ — $ Other residential MBS issued or guaranteed by U.S. Government agencies or sponsored enterprises Municipal securities — Other securities — — Total $ $ $ $ December 31, 2015 Amortized Gross Gross cost unrealized gains unrealized losses Fair value Mortgage-backed securities (“MBS”): Residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises $ $ $ $ Other residential MBS issued or guaranteed by U.S. Government agencies or sponsored enterprises Municipal securities — — Other securities — — Total $ $ $ $ |
Summary of unrealized losses for available-for-sale securities | The table below summarizes the unrealized losses as of the dates shown, along with the length of the impairment period: June 30, 2016 Less than 12 months 12 months or more Total Fair Unrealized Fair Unrealized Fair Unrealized value losses value losses value losses Mortgage-backed securities (“MBS”): Other residential MBS issued or guaranteed by U.S. Government agencies or sponsored enterprises $ $ $ $ $ $ Total $ $ $ $ $ $ December 31, 2015 Less than 12 months 12 months or more Total Fair Unrealized Fair Unrealized Fair Unrealized value losses value losses value losses Mortgage-backed securities (“MBS”): Residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises $ $ $ — $ — $ $ Other residential MBS issued or guaranteed by U.S. Government agencies or sponsored enterprises Total $ $ $ $ $ $ |
Held-to-maturity Securities | Held-to-maturity investment securities are summarized as follows as of the dates indicated: June 30, 2016 Gross Gross Amortized unrealized unrealized cost gains losses Fair value Mortgage-backed securities (“MBS”): Residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises $ $ $ — $ Other residential MBS issued or guaranteed by U.S. Government agencies or sponsored enterprises Total investment securities held-to-maturity $ $ $ $ December 31, 2015 Gross Gross Amortized unrealized unrealized cost gains losses Fair value Mortgage-backed securities (“MBS”): Residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises $ $ $ $ Other residential MBS issued or guaranteed by U.S. Government agencies or sponsored enterprises Total investment securities held-to-maturity $ $ $ $ |
Summary of unrealized losses for held-to-maturity securities | The table below summarizes the unrealized losses as of the dates shown, along with the length of the impairment period: June 30, 2016 Less than 12 months 12 months or more Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses Mortgage-backed securities (“MBS”): Other residential MBS issued or guaranteed by U.S. Government agencies or sponsored enterprises $ — $ — $ $ $ $ Total $ — $ — $ $ $ $ December 31, 2015 Less than 12 months 12 months or more Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses Mortgage-backed securities (“MBS”): Residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises $ $ $ $ $ $ Other residential MBS issued or guaranteed by U.S. Government agencies or sponsored enterprises Total $ $ $ $ $ $ |
Loans - (Tables)
Loans - (Tables) | 6 Months Ended |
Jun. 30, 2016 | |
Receivables [Abstract] | |
Loan Portfolio Composition Including Carrying Value by Segment of Loans Accounted for under ASC Topic 310-30 and Loans Covered by the FDIC Loss Sharing Agreements | The carrying value of loans is net of discounts, fees and costs on loans excluded from ASC 310-30 of $7.6 million and $8.1 million as of June 30, 2016 and December 31, 2015, respectively: June 30, 2016 ASC 310-30 loans Non 310-30 loans Total loans % of total Commercial $ $ $ Commercial real estate non-owner occupied Residential real estate Consumer Total $ $ $ December 31, 2015 ASC 310-30 loans Non 310-30 loans Total loans % of total Commercial $ $ $ Commercial real estate non-owner occupied Residential real estate Consumer Total $ $ $ |
Past Due Financing Receivables | Delinquency for loans excluded from ASC 310-30 is shown in the following tables at June 30, 2016 and December 31, 2015, respectively: Total Loans June 30, 2016 Greater Total Loans > 90 30-59 60-89 than 90 Non days past days past days past days past Total past 310-30 due and Non- due due due due Current loans still accruing accrual Loans excluded from ASC 310-30: Commercial: Commercial and industrial $ $ $ $ $ $ $ — $ Owner occupied commercial real estate — — Agriculture — — Energy — — Total Commercial — Commercial real estate non owner-occupied: Construction — — Acquisition/development — — — — Multifamily — — — — — — Non owner-occupied — — Total commercial real estate Residential real estate: Senior lien — Junior lien Total residential real estate Consumer — — Total loans excluded from ASC 310-30 $ $ $ $ $ $ $ $ Total Loans December 31, 2015 Greater Total Loans > 90 30-59 60-89 than 90 Non days past days past days past days past Total past 310-30 due and Non- due due due due Current loans still accruing accrual Loans excluded from ASC 310-30: Commercial: Commercial and industrial $ $ $ $ $ $ $ — $ Owner occupied commercial real estate — Agriculture — Energy — — Total Commercial — Commercial real estate non owner-occupied: Construction — — Acquisition/development — — — — — — Multifamily — — Non owner-occupied — Total commercial real estate — Residential real estate: Senior lien Junior lien Total residential real estate Consumer Total loans excluded from ASC 310-30 $ $ $ $ $ $ $ $ |
Credit Exposure for Loans as Determined by Company's Internal Risk Rating System | Credit exposure for all loans as determined by the Company’s internal risk rating system was as follows as of June 30, 2016 and December 31, 2015, respectively: Total Loans June 30, 2016 Special Pass mention Substandard Doubtful Total Loans excluded from ASC 310-30: Commercial: Commercial and industrial $ $ $ $ $ Owner occupied commercial real estate — Agriculture — Energy Total Commercial Commercial real estate non owner-occupied: Construction — Acquisition/development — — Multifamily — — — Non-owner occupied — Total commercial real estate — Residential real estate: Senior lien — Junior lien — Total residential real estate — Consumer — Total loans excluded from ASC 310-30 $ $ $ $ $ Loans accounted for under ASC 310-30: Commercial $ $ $ $ — $ Commercial real estate non-owner occupied Residential real estate — Consumer — Total loans accounted for under ASC 310-30 $ $ $ $ $ Total loans $ $ $ $ $ Total Loans December 31, 2015 Special Pass mention Substandard Doubtful Total Loans excluded from ASC 310-30: Commercial: Commercial and industrial $ $ $ $ $ Owner occupied commercial real estate — Agriculture — Energy Total Commercial Commercial real estate non owner-occupied: Construction — Acquisition/development — — Multifamily — — Non-owner occupied Total commercial real estate Residential real estate: Senior lien Junior lien — Total residential real estate Consumer — Total loans excluded from ASC 310-30 $ $ $ $ $ Loans accounted for under ASC 310-30: Commercial $ $ $ $ — $ Commercial real estate non-owner occupied Residential real estate — Consumer — Total loans accounted for under ASC 310-30 $ $ $ $ $ Total loans $ $ $ $ $ |
Schedule Of Impaired Financing Receivable With And Without Related Allowance | Additional information regarding impaired loans at June 30, 2016 and December 31, 2015 is set forth in the table below: Impaired Loans June 30, 2016 December 31, 2015 Allowance Allowance Unpaid for loan Unpaid for loan principal Recorded losses principal Recorded losses balance investment allocated balance investment allocated With no related allowance recorded: Commercial: Commercial and industrial $ $ $ — $ $ $ — Owner occupied commercial real estate — — Agriculture — — Energy — — — — Total commercial — — Commercial real estate non-owner occupied: Construction — — — — Acquisition/development — — — — — — Multifamily — — — — — — Non-owner occupied — — — — Total commercial real estate — — — — Residential real estate: Senior lien — — Junior lien — — Total residential real estate — — Consumer — — — — — — Total impaired loans with no related allowance recorded $ $ $ — $ $ $ — With a related allowance recorded: Commercial: Commercial and industrial $ $ $ $ $ $ Owner occupied commercial real estate Agriculture — Energy Total commercial Commercial real estate non-owner occupied: Construction — — — — — — Acquisition/development — — — — — — Multifamily — — Non-owner occupied Total commercial real estate Residential real estate: Senior lien Junior lien Total residential real estate Consumer Total impaired loans with a related allowance recorded $ $ $ $ $ $ Total impaired loans $ $ $ $ $ $ |
Schedule of Impaired Financing Receivable, Average Recorded Investment and Interest Income Recognized | The table below shows additional information regarding the average recorded investment and interest income recognized on impaired loans for the periods presented: For six months ended June 30, 2016 June 30, 2015 Average recorded investment Interest income recognized Average recorded investment Interest income recognized With no related allowance recorded: Commercial: Commercial and industrial $ $ $ $ Owner occupied commercial real estate Agriculture — — — Energy — — — Total Commercial Commercial real estate non-owner occupied: Construction — — — — Acquisition/development — — — — Multifamily — — — — Non-owner occupied — — — — Total commercial real estate — — — — Residential real estate: Senior lien Junior lien — — Total residential real estate Consumer — — — — Total impaired loans with no related allowance recorded $ $ $ $ With a related allowance recorded: Commercial: Commercial and industrial $ $ — $ $ Owner occupied commercial real estate Agriculture Energy — — — Total Commercial Commercial real estate non-owner occupied: Construction — — — — Acquisition/development — — — — Multifamily — Non-owner occupied Total commercial real estate Residential real estate: Senior lien Junior lien Total residential real estate Consumer — — Total impaired loans with a related allowance recorded $ $ $ $ Total impaired loans $ $ $ $ |
Additional Information Related to Accruing TDR's | The table below provides additional information related to accruing TDRs at June 30, 2016 and December 31, 2015: Accruing TDRs June 30, 2016 Recorded Average year-to-date Unpaid Unfunded commitments investment recorded investments principal balance to fund TDRs Commercial $ $ $ $ — Commercial real estate non-owner occupied — Residential real estate Consumer — Total $ $ $ $ Accruing TDRs December 31, 2015 Recorded Average year-to-date Unpaid Unfunded commitments investment recorded investments principal balance to fund TDRs Commercial $ $ $ $ Commercial real estate non-owner occupied — Residential real estate Consumer — Total $ $ $ $ |
Summary of Company's Carrying Value of Non-Accrual TDR's | The following table summarizes the Company’s carrying value of non-accrual TDRs as of June 30, 2016 and December 31, 2015: Non - Accruing TDRs June 30, 2016 December 31, 2015 Commercial $ $ Commercial real estate non-owner occupied — Residential real estate Consumer Total $ $ |
Re-Measurement of Loans Accounted for Under ASC Topic 310-30 Resulting in Changes in Carrying Amount of Accretable Yield | The re-measurement of loans accounted for under ASC 310-30 resulted in the following changes in the carrying amount of accretable yield during the six months ended June 30, 2016 and 2015: June 30, 2016 June 30, 2015 Accretable yield beginning balance $ $ Reclassification from non-accretable difference Reclassification to non-accretable difference Accretion Accretable yield ending balance $ $ |
Composition of Net Book Value for Loans Accounted for under ASC Topic 310-30 | Below is the composition of the net book value for loans accounted for under ASC 310-30 at June 30, 2016 and December 31, 2015: June 30, 2016 December 31, 2015 Contractual cash flows $ $ Non-accretable difference Accretable yield Loans accounted for under ASC 310-30 $ $ |
Allowance for Loan Losses - (Ta
Allowance for Loan Losses - (Tables) | 6 Months Ended |
Jun. 30, 2016 | |
Receivables [Abstract] | |
Summary of Company's Allowance for Loan Losses ("ALL") and Recorded Investment in Loans | The tables below detail the Company’s allowance for loan losses (“ALL”) and recorded investment in loans as of and for the three and six months ended June 30, 2016 and 2015: Three months ended June 30, 2016 Non-owner occupied commercial Residential Commercial real estate real estate Consumer Total Beginning balance $ $ $ $ $ Non 310-30 beginning balance Charge-offs — Recoveries Provision Non 310-30 ending balance ASC 310-30 beginning balance Charge-offs — — — Recoveries — — — — — (Recoupment) provision ASC 310-30 ending balance — Ending balance $ $ $ $ $ Three months ended June 30, 2015 Non-owner occupied commercial Residential Commercial real estate real estate Consumer Total Beginning balance $ $ $ $ $ Non 310-30 beginning balance Charge-offs Recoveries — Provision Non 310-30 ending balance ASC 310-30 beginning balance — Charge-offs — — — Recoveries — — — — — Provision (recoupment) ASC 310-30 ending balance Ending balance $ $ $ $ $ Six months ended June 30, 2016 Non-owner occupied commercial Residential Commercial real estate real estate Consumer Total Beginning balance $ $ $ $ $ Non 310-30 beginning balance Charge-offs Recoveries Provision Non 310-30 ending balance ASC 310-30 beginning balance Charge-offs — — — Recoveries — — — — — (Recoupment) provision ASC 310-30 ending balance — Ending balance $ $ $ $ $ Ending allowance balance attributable to: Non 310-30 loans individually evaluated for impairment $ $ $ $ $ Non 310-30 loans collectively evaluated for impairment ASC 310-30 loans — Total ending allowance balance $ $ $ $ $ Loans: Non 310-30 individually evaluated for impairment $ $ $ $ $ Non 310-30 collectively evaluated for impairment ASC 310-30 loans Total loans $ $ $ $ $ Six months ended June 30, 2015 Non-owner occupied commercial Residential Commercial real estate real estate Consumer Total Beginning balance $ $ $ $ $ Non 310-30 beginning balance Charge-offs Recoveries Provision Non 310-30 ending balance ASC 310-30 beginning balance Charge-offs — — — Recoveries — — — — — Provision (recoupment) ASC 310-30 ending balance Ending balance $ $ $ $ $ Ending allowance balance attributable to: Non 310-30 loans individually evaluated for impairment $ $ $ $ — $ Non 310-30 loans collectively evaluated for impairment ASC 310-30 loans Total ending allowance balance $ $ $ $ $ Loans: Non 310-30 individually evaluated for impairment $ $ $ $ $ Non 310-30 collectively evaluated for impairment ASC 310-30 loans Total loans $ $ $ $ $ |
Other Real Estate Owned - (Tabl
Other Real Estate Owned - (Tables) | 6 Months Ended |
Jun. 30, 2016 | |
Banking and Thrift [Abstract] | |
Summary of Activity in OREO Balances | A summary of the activity in the OREO balances during the six months ended June 30, 2016 and 2015 is as follows: For the six months ended June 30, 2016 2015 Beginning balance $ $ Transfers from loan portfolio, at fair value Impairments Sales, net Ending balance $ $ |
Regulatory Capital - (Tables)
Regulatory Capital - (Tables) | 6 Months Ended |
Jun. 30, 2016 | |
Banking and Thrift [Abstract] | |
Capital Ratio Requirements under Prompt Corrective Action or Other Regulatory Requirements | At June 30, 2016 and December 31, 2015, the most recent regulatory notification categorized the Bank as “well capitalized” under the regulatory framework for prompt corrective action. To be categorized as “well-capitalized”, the Bank must maintain total risk-based, Tier 1 risk-based, and Tier 1 leverage ratios as set forth in the table below. There are no conditions or events since the notification that management believes have changed the Bank’s category. June 30, 2016 Required to be Required to be well capitalized under considered prompt corrective adequately Actual action provisions capitalized Ratio Amount Ratio Amount Ratio Amount Tier 1 leverage ratio: Consolidated $ N/A N/A $ NBH Bank $ Common equity tier 1 risk-based capital: Consolidated $ N/A N/A $ NBH Bank $ Tier 1 risk-based capital ratio: Consolidated $ N/A N/A $ NBH Bank $ Total risk-based capital ratio: Consolidated $ N/A N/A $ NBH Bank $ December 31, 2015 Required to be Required to be well capitalized under considered prompt corrective adequately Actual action provisions capitalized Ratio Amount Ratio Amount Ratio Amount Tier 1 leverage ratio: Consolidated $ N/A N/A $ NBH Bank $ Common equity tier 1 risk-based capital: Consolidated $ N/A N/A $ NBH Bank $ Tier 1 risk-based capital ratio: Consolidated $ N/A N/A $ NBH Bank $ Total risk-based capital ratio: Consolidated $ N/A N/A $ NBH Bank $ |
Stock-based Compensation and 34
Stock-based Compensation and Benefits - (Tables) | 6 Months Ended |
Jun. 30, 2016 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |
Summary of Option Activity | The following table summarizes stock option activity for the six months ended June 30, 2016: Weighted Average Weighted Remaining Average Contractual Aggregate Exercise Term in Intrinsic Options Price Years Value Outstanding at December 31, 2015 $ $ Granted Forfeited Surrendered Exercised Expired Outstanding at June 30, 2016 $ $ Options exercisable at June 30, 2016 $ $ Options expected to vest $ $ |
Summary of Restricted Stock Activity | The following table summarizes restricted stock and performance stock activity for the six months ended June 30, 2016: Weighted Weighted Restricted Average Grant- Performance Average Grant- Shares Date Fair Value Stock Units Date Fair Value Unvested at December 31, 2015 $ — $ — Vested — — Granted Forfeited Surrendered — — Unvested at June 30, 2016 $ $ |
Income Per Share - (Tables)
Income Per Share - (Tables) | 6 Months Ended |
Jun. 30, 2016 | |
Earnings Per Share [Abstract] | |
Schedule of Computation of Basic and Diluted Income (Loss) Per Share | The following table illustrates the computation of basic and diluted income per share for the three and six months ended June 30, 2016 and 2015: For the three months ended For the six months ended June 30, 2016 June 30, 2015 June 30, 2016 June 30, 2015 Net income (loss) $ $ $ $ Less: earnings allocated to participating securities — — Earnings (loss) allocated to common shareholders $ $ $ $ Weighted average shares outstanding for basic earnings per common share Dilutive effect of equity awards — — Dilutive effect of warrants — — Weighted average shares outstanding for diluted earnings per common share Basic earnings (loss) per share $ $ $ $ Diluted earnings (loss) per share $ $ $ $ |
Derivatives - (Tables)
Derivatives - (Tables) | 6 Months Ended |
Jun. 30, 2016 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value | Information about the valuation methods used to measure fair value is provided in note 16 of the consolidated financial statements. Asset Derivatives Fair Value Liability Derivatives Fair Value Balance Sheet June 30, December 31, Balance Sheet June 30, December 31, Location 2016 2015 Location 2016 2015 Derivatives designated as hedging instruments: Interest rate products Other assets $ $ Other liabilities $ $ Forward contracts Other assets — — Other liabilities — Total derivatives designated as hedging instruments $ $ $ $ Derivatives not designated as hedging instruments: Interest rate products Other assets $ $ Other liabilities $ $ Interest rate lock commitments Other assets — Other liabilities — — Forward loan sales agreements Loans held for sale — Loans held for sale — — Total derivatives not designated as hedging instruments $ $ $ $ |
Derivative Instruments, Gain (Loss) | The tables below present the effect of the Company’s derivative financial instruments on the consolidated statements of operations for the three and six months ended June 30, 2016 and 2015: Location of loss Amount of loss recognized in income on derivatives Derivatives in fair value recognized in income on For the three months ended June 30, For the six months ended June 30, hedging relationships derivatives 2016 2015 2016 2015 Interest rate products Other non-interest income $ $ $ $ Forward contracts Other non-interest income — — Total derivatives in fair value hedging relationships $ $ $ $ Location of gain (loss) Amount of gain (loss) recognized in income on hedged items recognized in income on For the three months ended June 30, For the six months ended June 30, Hedged items hedged items 2016 2015 2016 2015 Interest rate products Other non-interest income $ $ $ $ Total hedged items $ $ $ $ Location of gain (loss) Amount of gain (loss) recognized in income on derivatives Derivatives not designated recognized in income on For the three months ended June 30, For the six months ended June 30, as hedging instruments derivatives 2016 2015 2016 2015 Interest rate products Other non-interest expense $ $ $ $ Interest rate lock commitments Other non-interest income — — Forward loan sales agreements Gain on sale of mortgages, net — — Total $ $ $ $ |
Commitments and Contingencies (
Commitments and Contingencies (Tables) | 6 Months Ended |
Jun. 30, 2016 | |
Commitments and Contingencies Disclosure [Abstract] | |
Schedule of Total Unfunded Commitments | Total unfunded commitments at June 30, 2016 and December 31, 2015 were as follows: June 30, 2016 December 31, 2015 Commitments to fund loans $ $ Credit card lines of credit — Unfunded commitments under lines of credit Commercial and standby letters of credit Total $ $ |
Fair Value Measurements - (Tabl
Fair Value Measurements - (Tables) | 6 Months Ended |
Jun. 30, 2016 | |
Fair Value Disclosures [Abstract] | |
Tables of Financial Instruments Measured At Fair Value on Recurring Basis | The tables below present the financial instruments measured at fair value on a recurring basis as of June 30, 2016 and December 31, 2015 on the consolidated statements of financial condition utilizing the hierarchy structure described above: June 30, 2016 Level 1 Level 2 Level 3 Total Assets: Investment securities available-for-sale: Mortgage-backed securities (“MBS”): Residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises $ — $ $ — $ Other residential MBS issued or guaranteed by U.S. Government agencies or sponsored enterprises — — Municipal securities — Other securities — — Interest rate swap derivatives — — Mortgage banking derivatives — — Total assets at fair value $ — $ $ $ Liabilities: Interest rate swap derivatives $ — $ $ — $ Mortgage banking derivatives — — Total liabilities at fair value $ — $ $ $ December 31, 2015 Level 1 Level 2 Level 3 Total Assets: Investment securities available-for-sale: Mortgage-backed securities (“MBS”): Residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises $ — $ $ — $ Other residential MBS issued or guaranteed by U.S. Government agencies or sponsored enterprises — — Municipal securities — — Other securities — — Interest rate swap derivatives — — Total assets at fair value $ — $ $ $ Liabilities: Interest rate swap derivatives $ — $ $ — $ Total liabilities at fair value $ — $ $ — $ |
Table of Changes in Level 3 Financial Instruments | The table below details the changes in level 3 financial instruments during the six months ended June 30, 2016 and June 30, 2015: Other Municipal Mortgage banking securities securities derivatives, net Balance at December 31, 2014 $ $ — $ — Net change in Level 3 — — — Balance at June 30, 2015 $ $ — $ — Balance at December 31, 2015 $ $ $ — Gain included in earnings, net — — Net change in Level 3 — — Balance at June 30, 2016 $ $ $ |
Table of assets recorded at fair value on a non-recurring basis | The table below provides information regarding the assets recorded at fair value on a non-recurring basis during the six months ended June 30, 2016 and 2015: June 30, 2016 Total Losses from fair value changes Other real estate owned $ $ Impaired loans June 30, 2015 Total Losses from fair value changes Other real estate owned $ $ Impaired loans Premise and Equipment |
Table of Valuation Techniques and Unobservable Inputs Used in Valuation of Financial Instruments Falling Within Level 3 of Fair Value Hierarchy | These valuations utilize third party appraisal or broker price opinions, and are classified as level 3 due to the significant judgment involved: Fair value at June 30, 2016 Valuation Technique Unobservable Input Qualitative Measures Other available-for-sale securities $ Par value Par value Municipal securities Par value Par value Impaired loans Appraised value Appraised values Discount rate 0% - 25% |
Fair Value of Financial Instr39
Fair Value of Financial Instruments - (Tables) | 6 Months Ended |
Jun. 30, 2016 | |
Fair Value Disclosures [Abstract] | |
Fair Value of Financial Instruments | The fair value of financial instruments at June 30, 2016 and December 31, 2015, including methods and assumptions utilized for determining fair value of financial instruments, are set forth below: Level in fair value June 30, 2016 December 31, 2015 measurement Carrying Estimated Carrying Estimated hierarchy amount fair value amount fair value ASSETS Cash and cash equivalents Level 1 $ $ $ $ Mortgage-backed securities—residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises available-for-sale Level 2 Mortgage-backed securities—other residential mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored enterprises available-for-sale Level 2 Municipal securities Level 2 — — Municipal securities Level 3 Other available-for-sale securities Level 3 Mortgage-backed securities—residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises held-to-maturity Level 2 Mortgage-backed securities—other residential mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored enterprises held-to-maturity Level 2 Non-marketable securities Level 2 Loans receivable, net Level 3 Loans held-for-sale Level 2 Accrued interest receivable Level 2 Interest rate swap derivatives Level 2 Mortgage banking derivatives Level 3 — — LIABILITIES Deposit transaction accounts Level 2 Time deposits Level 2 Securities sold under agreements to repurchase Level 2 Federal Home Loan Bank advances Level 2 Accrued interest payable Level 2 Interest rate swap derivatives Level 2 Mortgage banking derivatives Level 3 — — |
Basis of Presentation - (Detail
Basis of Presentation - (Details) | 6 Months Ended |
Jun. 30, 2016item | |
Number of full service banking offices | 91 |
Minimum | |
Residential mortgage loans held for sale period | 30 days |
Maximum | |
Residential mortgage loans held for sale period | 90 days |
Investment Securities - (Narrat
Investment Securities - (Narrative) (Details) $ in Thousands | 6 Months Ended | 12 Months Ended |
Jun. 30, 2016USD ($)security | Dec. 31, 2015USD ($)security | |
Investment securities total | $ 1,400,000 | $ 1,600,000 |
Amortized cost | 1,036,935 | 1,167,819 |
Available-for-sale securities | 1,046,047 | 1,157,246 |
Held-to-maturity securities | $ 381,172 | $ 427,503 |
Mortgage-backed securities as percentage of available-for-sale investment portfolio | 100.00% | 100.00% |
Number of securities | security | 42 | 66 |
Fair value of available-for-sale securities in an unrealized loss position | $ 476,781 | $ 752,663 |
Pledged as collateral for line of credit at the Federal Home Loan Bank | 57,600 | 0 |
Fair value of available-for-sale investment securities pledged as collateral | $ 309,300 | $ 335,800 |
Estimated weighted average life of the available-for-sale mortgage-backed securities portfolio | 3 years 1 month 6 days | 3 years 7 months 6 days |
Other securities having no contractual maturity date | $ 400 | |
Number of held-to-maturity securities in unrealized loss positions | security | 4 | 12 |
Fair value of held-to-maturity securities in an unrealized loss position | $ 36,935 | $ 109,856 |
Held-to-maturity investment securities pledged as collateral | $ 233,700 | $ 156,500 |
Estimated weighted average expected life of the held-to-maturity mortgage-backed securities portfolio | 3 years 1 month 6 days | 3 years 8 months 12 days |
Municipal securities maturing within one to five years [Member] | ||
Amortized cost | $ 4,200 | |
Available-for-sale securities | 4,200 | |
Municipal securities due within five to ten years [Member] | ||
Amortized cost | 1,000 | |
Available-for-sale securities | $ 1,000 |
Investment Securities - (Summar
Investment Securities - (Summary of Available-for-Sale Investment Securities) (Details) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 |
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized cost | $ 1,036,935 | $ 1,167,819 |
Gross unrealized gains | 12,822 | 9,359 |
Gross unrealized losses | (3,710) | (19,932) |
Investment securities available-for-sale (at fair value) | 1,046,047 | 1,157,246 |
Residential Mortgage Pass-Through Securities Issued or Guaranteed by U.S. Government Agencies or Sponsored Enterprises [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized cost | 265,667 | 305,773 |
Gross unrealized gains | 8,575 | 5,721 |
Gross unrealized losses | (516) | |
Investment securities available-for-sale (at fair value) | 274,242 | 310,978 |
Other Residential MBS Issued or Guaranteed by U.S. Government Agencies or Sponsored Enterprises [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized cost | 765,669 | 861,321 |
Gross unrealized gains | 4,235 | 3,638 |
Gross unrealized losses | (3,710) | (19,416) |
Investment securities available-for-sale (at fair value) | 766,194 | 845,543 |
Municipal [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized cost | 5,180 | |
Gross unrealized gains | 12 | |
Investment securities available-for-sale (at fair value) | 5,192 | |
Other Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized cost | 419 | 419 |
Investment securities available-for-sale (at fair value) | $ 419 | $ 419 |
Investment Securities - (Summ43
Investment Securities - (Summary of Unrealized Losses) (Details) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 |
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 months Fair Value | $ 15,714 | $ 176,709 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | (30) | (920) |
12 months or more, Fair Value | 461,067 | 575,954 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | (3,680) | (19,012) |
Total, Fair Value | 476,781 | 752,663 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | (3,710) | (19,932) |
Residential Mortgage Pass-Through Securities Issued or Guaranteed by U.S. Government Agencies or Sponsored Enterprises [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 months Fair Value | 109,182 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | (516) | |
Total, Fair Value | 109,182 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | (516) | |
Other Residential MBS Issued or Guaranteed by U.S. Government Agencies or Sponsored Enterprises [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 months Fair Value | 15,714 | 67,527 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | (30) | (404) |
12 months or more, Fair Value | 461,067 | 575,954 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | (3,680) | (19,012) |
Total, Fair Value | 476,781 | 643,481 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | $ (3,710) | $ (19,416) |
Investment Securities - (Summ44
Investment Securities - (Summary of Held-to-maturity Investment Securities) (Details) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 |
Schedule of Held-to-maturity Securities [Line Items] | ||
Held-to-maturity Securities | $ 381,172 | $ 427,503 |
Held-to-maturity Securities, Accumulated Unrecognized Holding Gain | 7,252 | 2,946 |
Held-to-maturity Securities, Accumulated Unrecognized Holding Loss | (319) | (1,864) |
Fair value | 388,105 | 428,585 |
Residential Mortgage Pass-Through Securities Issued or Guaranteed by U.S. Government Agencies or Sponsored Enterprises [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Held-to-maturity Securities | 302,852 | 340,131 |
Held-to-maturity Securities, Accumulated Unrecognized Holding Gain | 6,746 | 2,911 |
Held-to-maturity Securities, Accumulated Unrecognized Holding Loss | (230) | |
Fair value | 309,598 | 342,812 |
Other Residential MBS Issued or Guaranteed by U.S. Government Agencies or Sponsored Enterprises [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Held-to-maturity Securities | 78,320 | 87,372 |
Held-to-maturity Securities, Accumulated Unrecognized Holding Gain | 506 | 35 |
Held-to-maturity Securities, Accumulated Unrecognized Holding Loss | (319) | (1,634) |
Fair value | $ 78,507 | $ 85,773 |
Investment Securities - (Summ45
Investment Securities - (Summary of Held-to-Maturity Securities, Unrealized Losses) (Details) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 |
Schedule of Held-to-maturity Securities [Line Items] | ||
Fair Value, Less than 12 months | $ 63,131 | |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | (385) | |
Fair Value, 12 months or more | $ 36,935 | 46,725 |
Held-to-maturity Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | (319) | (1,479) |
Total Fair Value | 36,935 | 109,856 |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Accumulated Loss | (319) | (1,864) |
Residential Mortgage Pass-Through Securities Issued or Guaranteed by U.S. Government Agencies or Sponsored Enterprises [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Fair Value, Less than 12 months | 34,641 | |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | (205) | |
Fair Value, 12 months or more | 853 | |
Held-to-maturity Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | (25) | |
Total Fair Value | 35,494 | |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Accumulated Loss | (230) | |
Other Residential MBS Issued or Guaranteed by U.S. Government Agencies or Sponsored Enterprises [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Fair Value, Less than 12 months | 28,490 | |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | (180) | |
Fair Value, 12 months or more | 36,935 | 45,872 |
Held-to-maturity Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | (319) | (1,454) |
Total Fair Value | 36,935 | 74,362 |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Accumulated Loss | $ (319) | $ (1,634) |
Loans - Narrative Section (Deta
Loans - Narrative Section (Details) $ in Thousands | 6 Months Ended | ||
Jun. 30, 2016USD ($)loan | Dec. 31, 2015USD ($) | Jun. 30, 2015USD ($) | |
Debt Instrument [Line Items] | |||
Fees and cost related to loans | $ 7,600 | $ 8,100 | |
Carrying amount of loan investments | 2,738,504 | 2,587,673 | $ 2,328,524 |
Commercial Loan [Member] | |||
Debt Instrument [Line Items] | |||
Carrying amount of loan investments | 1,490,749 | 1,427,420 | |
Non Accrual [Member] | |||
Debt Instrument [Line Items] | |||
Recorded investment, non-accrual status | 37,400 | 25,600 | |
Increase (decrease) in non-accrual loans | $ 11,800 | ||
Percentage increase (decrease) in past due loans | 45.90% | ||
Non Accrual [Member] | Energy Loans [Member] | |||
Debt Instrument [Line Items] | |||
Number of loan relationships | loan | 2 | ||
Increase (decrease) in non-accrual loans | $ 20,100 | ||
Number of loans resolved and/or charged-off | loan | 1 | ||
Decrease related to loans resolved and/or charged-off | $ 6,200 | ||
Non Accrual [Member] | Other | |||
Debt Instrument [Line Items] | |||
Increase (decrease) in non-accrual loans | (2,100) | ||
Non ASC 310-30 [Member] | |||
Debt Instrument [Line Items] | |||
Carrying amount of loan investments | 2,569,222 | 2,384,843 | |
Non ASC 310-30 [Member] | Commercial Loan [Member] | |||
Debt Instrument [Line Items] | |||
Carrying amount of loan investments | 1,443,874 | 1,369,946 | |
ASC 310-30 [Member] | |||
Debt Instrument [Line Items] | |||
Carrying amount of loan investments | 169,282 | 202,830 | |
ASC 310-30 [Member] | Commercial Loan [Member] | |||
Debt Instrument [Line Items] | |||
Carrying amount of loan investments | 46,875 | 57,474 | |
Total Loans [Member] | |||
Debt Instrument [Line Items] | |||
Carrying amount of loan investments | 2,738,504 | 2,587,673 | |
Total Loans [Member] | Non ASC 310-30 [Member] | |||
Debt Instrument [Line Items] | |||
Carrying amount of loan investments | 2,569,222 | 2,384,843 | |
Recorded investment, non-accrual status | 37,428 | 25,647 | |
Total past due loans | 23,444 | 20,042 | |
Total Loans [Member] | Non ASC 310-30 [Member] | Energy Loans [Member] | |||
Debt Instrument [Line Items] | |||
Carrying amount of loan investments | 104,663 | 146,880 | |
Recorded investment, non-accrual status | 25,850 | 12,008 | |
Total past due loans | 12,222 | 5,804 | |
Total Loans [Member] | Non ASC 310-30 [Member] | Commercial Loan [Member] | |||
Debt Instrument [Line Items] | |||
Carrying amount of loan investments | 1,443,874 | 1,369,946 | |
Recorded investment, non-accrual status | 32,897 | 20,095 | |
Total past due loans | 18,069 | 10,611 | |
Total Loans [Member] | Non ASC 310-30 [Member] | Owner-Occupied [Member] | |||
Debt Instrument [Line Items] | |||
Carrying amount of loan investments | 191,668 | 184,619 | |
Recorded investment, non-accrual status | 906 | 1,273 | |
Total past due loans | 1,286 | 547 | |
Total Loans [Member] | Non ASC 310-30 [Member] | Non Owner-Occupied [Member] | |||
Debt Instrument [Line Items] | |||
Carrying amount of loan investments | 321,310 | 276,121 | |
Recorded investment, non-accrual status | 71 | 1,013 | |
Total past due loans | 747 | 3,490 | |
Total Loans [Member] | ASC 310-30 [Member] | |||
Debt Instrument [Line Items] | |||
Carrying amount of loan investments | 169,282 | 202,830 | |
Total Loans [Member] | ASC 310-30 [Member] | Commercial Loan [Member] | |||
Debt Instrument [Line Items] | |||
Carrying amount of loan investments | 46,875 | 57,474 | |
Total Loans [Member] | Substandard [Member] | |||
Debt Instrument [Line Items] | |||
Carrying amount of loan investments | 117,549 | 152,911 | |
Total Loans [Member] | Substandard [Member] | Non ASC 310-30 [Member] | |||
Debt Instrument [Line Items] | |||
Carrying amount of loan investments | 45,134 | 61,144 | |
Total Loans [Member] | Substandard [Member] | Non ASC 310-30 [Member] | Energy Loans [Member] | |||
Debt Instrument [Line Items] | |||
Carrying amount of loan investments | 16,588 | 16,098 | |
Total Loans [Member] | Substandard [Member] | Non ASC 310-30 [Member] | Commercial Loan [Member] | |||
Debt Instrument [Line Items] | |||
Carrying amount of loan investments | 33,471 | 48,451 | |
Total Loans [Member] | Substandard [Member] | Non ASC 310-30 [Member] | Owner-Occupied [Member] | |||
Debt Instrument [Line Items] | |||
Carrying amount of loan investments | 4,837 | 4,916 | |
Total Loans [Member] | Substandard [Member] | Non ASC 310-30 [Member] | Non Owner-Occupied [Member] | |||
Debt Instrument [Line Items] | |||
Carrying amount of loan investments | 4,683 | 5,722 | |
Total Loans [Member] | Substandard [Member] | ASC 310-30 [Member] | |||
Debt Instrument [Line Items] | |||
Carrying amount of loan investments | 72,415 | 91,767 | |
Total Loans [Member] | Substandard [Member] | ASC 310-30 [Member] | Commercial Loan [Member] | |||
Debt Instrument [Line Items] | |||
Carrying amount of loan investments | 15,180 | 21,303 | |
Total Loans [Member] | Substandard and Doubtful | Non ASC 310-30 [Member] | Energy Loans [Member] | |||
Debt Instrument [Line Items] | |||
Carrying amount of loan investments | $ 29,300 | 18,200 | |
Number of commercial substandard loans | loan | 2 | ||
Increase (decrease) in loan investments | $ 11,100 | ||
Total Loans [Member] | Special Mention [Member] | |||
Debt Instrument [Line Items] | |||
Carrying amount of loan investments | 70,185 | 69,888 | |
Total Loans [Member] | Special Mention [Member] | Non ASC 310-30 [Member] | |||
Debt Instrument [Line Items] | |||
Carrying amount of loan investments | 67,783 | 67,051 | |
Total Loans [Member] | Special Mention [Member] | Non ASC 310-30 [Member] | Energy Loans [Member] | |||
Debt Instrument [Line Items] | |||
Carrying amount of loan investments | 15,746 | 36,503 | |
Total Loans [Member] | Special Mention [Member] | Non ASC 310-30 [Member] | Commercial Loan [Member] | |||
Debt Instrument [Line Items] | |||
Carrying amount of loan investments | $ 54,662 | 52,901 | |
Number of commercial substandard loans | loan | 3 | ||
Increase (decrease) in loan investments | $ 15,900 | ||
Total Loans [Member] | Special Mention [Member] | Non ASC 310-30 [Member] | Owner-Occupied [Member] | |||
Debt Instrument [Line Items] | |||
Carrying amount of loan investments | $ 14,531 | 5,595 | |
Number of commercial substandard loans | loan | 1 | ||
Increase (decrease) in loan investments | $ (7,200) | ||
Total Loans [Member] | Special Mention [Member] | Non ASC 310-30 [Member] | Non Owner-Occupied [Member] | |||
Debt Instrument [Line Items] | |||
Carrying amount of loan investments | 7,507 | 8,091 | |
Total Loans [Member] | Special Mention [Member] | ASC 310-30 [Member] | |||
Debt Instrument [Line Items] | |||
Carrying amount of loan investments | 2,402 | 2,837 | |
Total Loans [Member] | Special Mention [Member] | ASC 310-30 [Member] | Commercial Loan [Member] | |||
Debt Instrument [Line Items] | |||
Carrying amount of loan investments | $ 462 | $ 787 |
Loans - Impaired Loans Narrativ
Loans - Impaired Loans Narrative (Details) $ in Thousands | 6 Months Ended | ||
Jun. 30, 2016USD ($)loan | Dec. 31, 2015USD ($) | Jun. 30, 2015USD ($) | |
Debt Instrument [Line Items] | |||
Carrying amount of loan investments | $ 2,738,504 | $ 2,587,673 | $ 2,328,524 |
Recorded investment of impaired loans | $ 46,815 | 37,363 | |
Number of loans resulting in increase to impaired loans | loan | 5 | ||
Loans impaired in period | $ 30,500 | ||
Collective related allowance for loan losses for impaired loans | 14,975 | 4,388 | |
Fair Value Of Collateral Pledged [Member] | |||
Debt Instrument [Line Items] | |||
Impaired loans | 35,100 | ||
Discounted Cash Flows [Member] | |||
Debt Instrument [Line Items] | |||
Impaired loans | 2,300 | ||
General Reserve [Member] | |||
Debt Instrument [Line Items] | |||
Impaired loans | 9,100 | ||
Individual loan amount of impaired loans | 250 | ||
Commercial Loan [Member] | |||
Debt Instrument [Line Items] | |||
Carrying amount of loan investments | $ 1,490,749 | $ 1,427,420 | |
Number of loans resulting in increase to impaired loans | loan | 1 |
Loans - (Loan Portfolio Composi
Loans - (Loan Portfolio Composition Including Carrying Value by Segment of Loans Accounted for under ASC Topic 310-30) (Details) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 | Jun. 30, 2015 |
Loans [Line Items] | |||
Total Loans | $ 2,738,504 | $ 2,587,673 | $ 2,328,524 |
% of Total | 100.00% | 100.00% | |
Commercial Loan [Member] | |||
Loans [Line Items] | |||
Total Loans | $ 1,490,749 | $ 1,427,420 | |
% of Total | 54.40% | 55.20% | |
Commercial Real Estate [Member] | |||
Loans [Line Items] | |||
Total Loans | $ 525,739 | $ 442,885 | |
% of Total | 19.20% | 17.10% | |
Residential Real Estate Segment [Member] | |||
Loans [Line Items] | |||
Total Loans | $ 694,171 | $ 684,002 | |
% of Total | 25.40% | 26.40% | |
Consumer [Member] | |||
Loans [Line Items] | |||
Total Loans | $ 27,845 | $ 33,366 | |
% of Total | 1.00% | 1.30% | |
ASC 310-30 [Member] | |||
Loans [Line Items] | |||
Total Loans | $ 169,282 | $ 202,830 | |
ASC 310-30 [Member] | Commercial Loan [Member] | |||
Loans [Line Items] | |||
Total Loans | 46,875 | 57,474 | |
ASC 310-30 [Member] | Commercial Real Estate [Member] | |||
Loans [Line Items] | |||
Total Loans | 101,719 | 121,173 | |
ASC 310-30 [Member] | Residential Real Estate Segment [Member] | |||
Loans [Line Items] | |||
Total Loans | 19,341 | 21,452 | |
ASC 310-30 [Member] | Consumer [Member] | |||
Loans [Line Items] | |||
Total Loans | 1,347 | 2,731 | |
Non ASC 310-30 [Member] | |||
Loans [Line Items] | |||
Total Loans | 2,569,222 | 2,384,843 | |
Non ASC 310-30 [Member] | Commercial Loan [Member] | |||
Loans [Line Items] | |||
Total Loans | 1,443,874 | 1,369,946 | |
Non ASC 310-30 [Member] | Commercial Real Estate [Member] | |||
Loans [Line Items] | |||
Total Loans | 424,020 | 321,712 | |
Non ASC 310-30 [Member] | Residential Real Estate Segment [Member] | |||
Loans [Line Items] | |||
Total Loans | 674,830 | 662,550 | |
Non ASC 310-30 [Member] | Consumer [Member] | |||
Loans [Line Items] | |||
Total Loans | $ 26,498 | $ 30,635 |
Loans - (Loan Delinquency) (Det
Loans - (Loan Delinquency) (Details) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 | Jun. 30, 2015 |
Loans [Line Items] | |||
Total loans | $ 2,738,504 | $ 2,587,673 | $ 2,328,524 |
Commercial Loan [Member] | |||
Loans [Line Items] | |||
Total loans | 1,490,749 | 1,427,420 | |
Commercial Real Estate [Member] | |||
Loans [Line Items] | |||
Total loans | 525,739 | 442,885 | |
Residential Real Estate Segment [Member] | |||
Loans [Line Items] | |||
Total loans | 694,171 | 684,002 | |
Consumer [Member] | |||
Loans [Line Items] | |||
Total loans | 27,845 | 33,366 | |
Non ASC 310-30 [Member] | |||
Loans [Line Items] | |||
Total loans | 2,569,222 | 2,384,843 | |
Non ASC 310-30 [Member] | Commercial Loan [Member] | |||
Loans [Line Items] | |||
Total loans | 1,443,874 | 1,369,946 | |
Non ASC 310-30 [Member] | Commercial Real Estate [Member] | |||
Loans [Line Items] | |||
Total loans | 424,020 | 321,712 | |
Non ASC 310-30 [Member] | Residential Real Estate Segment [Member] | |||
Loans [Line Items] | |||
Total loans | 674,830 | 662,550 | |
Non ASC 310-30 [Member] | Consumer [Member] | |||
Loans [Line Items] | |||
Total loans | 26,498 | 30,635 | |
ASC 310-30 [Member] | |||
Loans [Line Items] | |||
Total loans | 169,282 | 202,830 | |
ASC 310-30 [Member] | Commercial Loan [Member] | |||
Loans [Line Items] | |||
Total loans | 46,875 | 57,474 | |
ASC 310-30 [Member] | Commercial Real Estate [Member] | |||
Loans [Line Items] | |||
Total loans | 101,719 | 121,173 | |
ASC 310-30 [Member] | Residential Real Estate Segment [Member] | |||
Loans [Line Items] | |||
Total loans | 19,341 | 21,452 | |
ASC 310-30 [Member] | Consumer [Member] | |||
Loans [Line Items] | |||
Total loans | 1,347 | 2,731 | |
Total Loans [Member] | |||
Loans [Line Items] | |||
Total loans | 2,738,504 | 2,587,673 | |
Total Loans [Member] | Non ASC 310-30 [Member] | |||
Loans [Line Items] | |||
Total past due | 23,444 | 20,042 | |
Current | 2,545,778 | 2,364,801 | |
Total loans | 2,569,222 | 2,384,843 | |
Loans 90 days past due and still accruing | 43 | 166 | |
Non- accrual | 37,428 | 25,647 | |
Total Loans [Member] | Non ASC 310-30 [Member] | Commercial Construction [Member] | |||
Loans [Line Items] | |||
Total past due | 314 | 547 | |
Current | 82,822 | 29,596 | |
Total loans | 83,136 | 30,143 | |
Loans 90 days past due and still accruing | 38 | ||
Non- accrual | 188 | ||
Total Loans [Member] | Non ASC 310-30 [Member] | Commercial Acquisition/Development [Member] | |||
Loans [Line Items] | |||
Total past due | 739 | ||
Current | 8,024 | 5,575 | |
Total loans | 8,763 | 5,575 | |
Total Loans [Member] | Non ASC 310-30 [Member] | Multifamily [Member] | |||
Loans [Line Items] | |||
Total past due | 60 | ||
Current | 10,811 | 9,813 | |
Total loans | 10,811 | 9,873 | |
Non- accrual | 22 | ||
Total Loans [Member] | Non ASC 310-30 [Member] | Commercial and Industrial [Member] | |||
Loans [Line Items] | |||
Total past due | 3,304 | 2,539 | |
Current | 1,012,554 | 890,350 | |
Total loans | 1,015,858 | 892,889 | |
Non- accrual | 4,289 | 4,830 | |
Total Loans [Member] | Non ASC 310-30 [Member] | Owner-Occupied [Member] | |||
Loans [Line Items] | |||
Total past due | 1,286 | 547 | |
Current | 190,382 | 184,072 | |
Total loans | 191,668 | 184,619 | |
Non- accrual | 906 | 1,273 | |
Total Loans [Member] | Non ASC 310-30 [Member] | Non Owner-Occupied [Member] | |||
Loans [Line Items] | |||
Total past due | 747 | 3,490 | |
Current | 320,563 | 272,631 | |
Total loans | 321,310 | 276,121 | |
Non- accrual | 71 | 1,013 | |
Total Loans [Member] | Non ASC 310-30 [Member] | Total Commercial Real Estate [Member] | |||
Loans [Line Items] | |||
Total past due | 1,800 | 4,097 | |
Current | 422,220 | 317,615 | |
Total loans | 424,020 | 321,712 | |
Loans 90 days past due and still accruing | 38 | ||
Non- accrual | 71 | 1,223 | |
Total Loans [Member] | Non ASC 310-30 [Member] | Senior lien | |||
Loans [Line Items] | |||
Total past due | 2,986 | 4,301 | |
Current | 617,771 | 610,192 | |
Total loans | 620,757 | 614,493 | |
Loans 90 days past due and still accruing | 124 | ||
Non- accrual | 3,449 | 3,713 | |
Total Loans [Member] | Non ASC 310-30 [Member] | Junior lien | |||
Loans [Line Items] | |||
Total past due | 535 | 730 | |
Current | 53,538 | 47,327 | |
Total loans | 54,073 | 48,057 | |
Loans 90 days past due and still accruing | 5 | 6 | |
Non- accrual | 781 | 584 | |
Total Loans [Member] | Non ASC 310-30 [Member] | Commercial Loan [Member] | |||
Loans [Line Items] | |||
Total past due | 18,069 | 10,611 | |
Current | 1,425,805 | 1,359,335 | |
Total loans | 1,443,874 | 1,369,946 | |
Non- accrual | 32,897 | 20,095 | |
Total Loans [Member] | Non ASC 310-30 [Member] | Agriculture [Member] | |||
Loans [Line Items] | |||
Total past due | 1,257 | 1,721 | |
Current | 130,428 | 143,837 | |
Total loans | 131,685 | 145,558 | |
Non- accrual | 1,852 | 1,984 | |
Total Loans [Member] | Non ASC 310-30 [Member] | Energy Loans [Member] | |||
Loans [Line Items] | |||
Total past due | 12,222 | 5,804 | |
Current | 92,441 | 141,076 | |
Total loans | 104,663 | 146,880 | |
Non- accrual | 25,850 | 12,008 | |
Total Loans [Member] | Non ASC 310-30 [Member] | Residential Real Estate Segment [Member] | |||
Loans [Line Items] | |||
Total past due | 3,521 | 5,031 | |
Current | 671,309 | 657,519 | |
Total loans | 674,830 | 662,550 | |
Loans 90 days past due and still accruing | 5 | 130 | |
Non- accrual | 4,230 | 4,297 | |
Total Loans [Member] | Non ASC 310-30 [Member] | Consumer [Member] | |||
Loans [Line Items] | |||
Total past due | 54 | 303 | |
Current | 26,444 | 30,332 | |
Total loans | 26,498 | 30,635 | |
Loans 90 days past due and still accruing | 36 | ||
Non- accrual | 230 | 32 | |
Total Loans [Member] | ASC 310-30 [Member] | |||
Loans [Line Items] | |||
Total loans | 169,282 | 202,830 | |
Total Loans [Member] | ASC 310-30 [Member] | Commercial Loan [Member] | |||
Loans [Line Items] | |||
Total loans | 46,875 | 57,474 | |
Total Loans [Member] | ASC 310-30 [Member] | Commercial Real Estate [Member] | |||
Loans [Line Items] | |||
Total loans | 101,719 | 121,173 | |
Total Loans [Member] | ASC 310-30 [Member] | Residential Real Estate Segment [Member] | |||
Loans [Line Items] | |||
Total loans | 19,341 | 21,452 | |
Total Loans [Member] | ASC 310-30 [Member] | Consumer [Member] | |||
Loans [Line Items] | |||
Total loans | 1,347 | 2,731 | |
Total Loans [Member] | 30-59 Days Past Due | Non ASC 310-30 [Member] | |||
Loans [Line Items] | |||
Total past due | 4,274 | 8,232 | |
Total Loans [Member] | 30-59 Days Past Due | Non ASC 310-30 [Member] | Commercial Construction [Member] | |||
Loans [Line Items] | |||
Total past due | 277 | 359 | |
Total Loans [Member] | 30-59 Days Past Due | Non ASC 310-30 [Member] | Commercial and Industrial [Member] | |||
Loans [Line Items] | |||
Total past due | 168 | 2,252 | |
Total Loans [Member] | 30-59 Days Past Due | Non ASC 310-30 [Member] | Owner-Occupied [Member] | |||
Loans [Line Items] | |||
Total past due | 859 | 370 | |
Total Loans [Member] | 30-59 Days Past Due | Non ASC 310-30 [Member] | Non Owner-Occupied [Member] | |||
Loans [Line Items] | |||
Total past due | 718 | 2,340 | |
Total Loans [Member] | 30-59 Days Past Due | Non ASC 310-30 [Member] | Total Commercial Real Estate [Member] | |||
Loans [Line Items] | |||
Total past due | 995 | 2,699 | |
Total Loans [Member] | 30-59 Days Past Due | Non ASC 310-30 [Member] | Senior lien | |||
Loans [Line Items] | |||
Total past due | 1,780 | 1,909 | |
Total Loans [Member] | 30-59 Days Past Due | Non ASC 310-30 [Member] | Junior lien | |||
Loans [Line Items] | |||
Total past due | 345 | 299 | |
Total Loans [Member] | 30-59 Days Past Due | Non ASC 310-30 [Member] | Commercial Loan [Member] | |||
Loans [Line Items] | |||
Total past due | 1,140 | 3,086 | |
Total Loans [Member] | 30-59 Days Past Due | Non ASC 310-30 [Member] | Agriculture [Member] | |||
Loans [Line Items] | |||
Total past due | 19 | 441 | |
Total Loans [Member] | 30-59 Days Past Due | Non ASC 310-30 [Member] | Energy Loans [Member] | |||
Loans [Line Items] | |||
Total past due | 94 | 23 | |
Total Loans [Member] | 30-59 Days Past Due | Non ASC 310-30 [Member] | Residential Real Estate Segment [Member] | |||
Loans [Line Items] | |||
Total past due | 2,125 | 2,208 | |
Total Loans [Member] | 30-59 Days Past Due | Non ASC 310-30 [Member] | Consumer [Member] | |||
Loans [Line Items] | |||
Total past due | 14 | 239 | |
Total Loans [Member] | 60-89 Days Past Due | Non ASC 310-30 [Member] | |||
Loans [Line Items] | |||
Total past due | 1,467 | 7,770 | |
Total Loans [Member] | 60-89 Days Past Due | Non ASC 310-30 [Member] | Commercial Construction [Member] | |||
Loans [Line Items] | |||
Total past due | 188 | ||
Total Loans [Member] | 60-89 Days Past Due | Non ASC 310-30 [Member] | Commercial Acquisition/Development [Member] | |||
Loans [Line Items] | |||
Total past due | 739 | ||
Total Loans [Member] | 60-89 Days Past Due | Non ASC 310-30 [Member] | Multifamily [Member] | |||
Loans [Line Items] | |||
Total past due | 38 | ||
Total Loans [Member] | 60-89 Days Past Due | Non ASC 310-30 [Member] | Commercial and Industrial [Member] | |||
Loans [Line Items] | |||
Total past due | 18 | 238 | |
Total Loans [Member] | 60-89 Days Past Due | Non ASC 310-30 [Member] | Owner-Occupied [Member] | |||
Loans [Line Items] | |||
Total past due | 111 | ||
Total Loans [Member] | 60-89 Days Past Due | Non ASC 310-30 [Member] | Non Owner-Occupied [Member] | |||
Loans [Line Items] | |||
Total past due | 182 | ||
Total Loans [Member] | 60-89 Days Past Due | Non ASC 310-30 [Member] | Total Commercial Real Estate [Member] | |||
Loans [Line Items] | |||
Total past due | 739 | 408 | |
Total Loans [Member] | 60-89 Days Past Due | Non ASC 310-30 [Member] | Senior lien | |||
Loans [Line Items] | |||
Total past due | 623 | 911 | |
Total Loans [Member] | 60-89 Days Past Due | Non ASC 310-30 [Member] | Junior lien | |||
Loans [Line Items] | |||
Total past due | 47 | 237 | |
Total Loans [Member] | 60-89 Days Past Due | Non ASC 310-30 [Member] | Commercial Loan [Member] | |||
Loans [Line Items] | |||
Total past due | 18 | 6,188 | |
Total Loans [Member] | 60-89 Days Past Due | Non ASC 310-30 [Member] | Agriculture [Member] | |||
Loans [Line Items] | |||
Total past due | 58 | ||
Total Loans [Member] | 60-89 Days Past Due | Non ASC 310-30 [Member] | Energy Loans [Member] | |||
Loans [Line Items] | |||
Total past due | 5,781 | ||
Total Loans [Member] | 60-89 Days Past Due | Non ASC 310-30 [Member] | Residential Real Estate Segment [Member] | |||
Loans [Line Items] | |||
Total past due | 670 | 1,148 | |
Total Loans [Member] | 60-89 Days Past Due | Non ASC 310-30 [Member] | Consumer [Member] | |||
Loans [Line Items] | |||
Total past due | 40 | 26 | |
Total Loans [Member] | Greater than 90 Days Past Due | Non ASC 310-30 [Member] | |||
Loans [Line Items] | |||
Total past due | 17,703 | 4,040 | |
Total Loans [Member] | Greater than 90 Days Past Due | Non ASC 310-30 [Member] | Commercial Construction [Member] | |||
Loans [Line Items] | |||
Total past due | 37 | ||
Total Loans [Member] | Greater than 90 Days Past Due | Non ASC 310-30 [Member] | Multifamily [Member] | |||
Loans [Line Items] | |||
Total past due | 22 | ||
Total Loans [Member] | Greater than 90 Days Past Due | Non ASC 310-30 [Member] | Commercial and Industrial [Member] | |||
Loans [Line Items] | |||
Total past due | 3,118 | 49 | |
Total Loans [Member] | Greater than 90 Days Past Due | Non ASC 310-30 [Member] | Owner-Occupied [Member] | |||
Loans [Line Items] | |||
Total past due | 427 | 66 | |
Total Loans [Member] | Greater than 90 Days Past Due | Non ASC 310-30 [Member] | Non Owner-Occupied [Member] | |||
Loans [Line Items] | |||
Total past due | 29 | 968 | |
Total Loans [Member] | Greater than 90 Days Past Due | Non ASC 310-30 [Member] | Total Commercial Real Estate [Member] | |||
Loans [Line Items] | |||
Total past due | 66 | 990 | |
Total Loans [Member] | Greater than 90 Days Past Due | Non ASC 310-30 [Member] | Senior lien | |||
Loans [Line Items] | |||
Total past due | 583 | 1,481 | |
Total Loans [Member] | Greater than 90 Days Past Due | Non ASC 310-30 [Member] | Junior lien | |||
Loans [Line Items] | |||
Total past due | 143 | 194 | |
Total Loans [Member] | Greater than 90 Days Past Due | Non ASC 310-30 [Member] | Commercial Loan [Member] | |||
Loans [Line Items] | |||
Total past due | 16,911 | 1,337 | |
Total Loans [Member] | Greater than 90 Days Past Due | Non ASC 310-30 [Member] | Agriculture [Member] | |||
Loans [Line Items] | |||
Total past due | 1,238 | 1,222 | |
Total Loans [Member] | Greater than 90 Days Past Due | Non ASC 310-30 [Member] | Energy Loans [Member] | |||
Loans [Line Items] | |||
Total past due | 12,128 | ||
Total Loans [Member] | Greater than 90 Days Past Due | Non ASC 310-30 [Member] | Residential Real Estate Segment [Member] | |||
Loans [Line Items] | |||
Total past due | 726 | 1,675 | |
Total Loans [Member] | Greater than 90 Days Past Due | Non ASC 310-30 [Member] | Consumer [Member] | |||
Loans [Line Items] | |||
Total past due | 38 | ||
Non Accrual [Member] | |||
Loans [Line Items] | |||
Non- accrual | $ 37,400 | $ 25,600 |
Loans - (Credit Exposure for Lo
Loans - (Credit Exposure for Loans as Determined by Company's Internal Risk Rating System) (Details) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 | Jun. 30, 2015 |
Loans [Line Items] | |||
Total Loans | $ 2,738,504 | $ 2,587,673 | $ 2,328,524 |
Commercial Loan [Member] | |||
Loans [Line Items] | |||
Total Loans | 1,490,749 | 1,427,420 | |
Residential Real Estate Segment [Member] | |||
Loans [Line Items] | |||
Total Loans | 694,171 | 684,002 | |
Consumer [Member] | |||
Loans [Line Items] | |||
Total Loans | 27,845 | 33,366 | |
Commercial Real Estate [Member] | |||
Loans [Line Items] | |||
Total Loans | 525,739 | 442,885 | |
Non ASC 310-30 [Member] | |||
Loans [Line Items] | |||
Total Loans | 2,569,222 | 2,384,843 | |
Non ASC 310-30 [Member] | Commercial Loan [Member] | |||
Loans [Line Items] | |||
Total Loans | 1,443,874 | 1,369,946 | |
Non ASC 310-30 [Member] | Residential Real Estate Segment [Member] | |||
Loans [Line Items] | |||
Total Loans | 674,830 | 662,550 | |
Non ASC 310-30 [Member] | Consumer [Member] | |||
Loans [Line Items] | |||
Total Loans | 26,498 | 30,635 | |
Non ASC 310-30 [Member] | Commercial Real Estate [Member] | |||
Loans [Line Items] | |||
Total Loans | 424,020 | 321,712 | |
ASC 310-30 [Member] | |||
Loans [Line Items] | |||
Total Loans | 169,282 | 202,830 | |
ASC 310-30 [Member] | Commercial Loan [Member] | |||
Loans [Line Items] | |||
Total Loans | 46,875 | 57,474 | |
ASC 310-30 [Member] | Residential Real Estate Segment [Member] | |||
Loans [Line Items] | |||
Total Loans | 19,341 | 21,452 | |
ASC 310-30 [Member] | Consumer [Member] | |||
Loans [Line Items] | |||
Total Loans | 1,347 | 2,731 | |
ASC 310-30 [Member] | Commercial Real Estate [Member] | |||
Loans [Line Items] | |||
Total Loans | 101,719 | 121,173 | |
Total Loans [Member] | |||
Loans [Line Items] | |||
Total Loans | 2,738,504 | 2,587,673 | |
Total Loans [Member] | Non ASC 310-30 [Member] | |||
Loans [Line Items] | |||
Total Loans | 2,569,222 | 2,384,843 | |
Total Loans [Member] | Non ASC 310-30 [Member] | Commercial and Industrial [Member] | |||
Loans [Line Items] | |||
Total Loans | 1,015,858 | 892,889 | |
Total Loans [Member] | Non ASC 310-30 [Member] | Agriculture [Member] | |||
Loans [Line Items] | |||
Total Loans | 131,685 | 145,558 | |
Total Loans [Member] | Non ASC 310-30 [Member] | Energy Loans [Member] | |||
Loans [Line Items] | |||
Total Loans | 104,663 | 146,880 | |
Total Loans [Member] | Non ASC 310-30 [Member] | Commercial Loan [Member] | |||
Loans [Line Items] | |||
Total Loans | 1,443,874 | 1,369,946 | |
Total Loans [Member] | Non ASC 310-30 [Member] | Total Commercial Real Estate [Member] | |||
Loans [Line Items] | |||
Total Loans | 424,020 | 321,712 | |
Total Loans [Member] | Non ASC 310-30 [Member] | Commercial Construction [Member] | |||
Loans [Line Items] | |||
Total Loans | 83,136 | 30,143 | |
Total Loans [Member] | Non ASC 310-30 [Member] | Commercial Acquisition/Development [Member] | |||
Loans [Line Items] | |||
Total Loans | 8,763 | 5,575 | |
Total Loans [Member] | Non ASC 310-30 [Member] | Multifamily [Member] | |||
Loans [Line Items] | |||
Total Loans | 10,811 | 9,873 | |
Total Loans [Member] | Non ASC 310-30 [Member] | Owner-Occupied [Member] | |||
Loans [Line Items] | |||
Total Loans | 191,668 | 184,619 | |
Total Loans [Member] | Non ASC 310-30 [Member] | Non Owner-Occupied [Member] | |||
Loans [Line Items] | |||
Total Loans | 321,310 | 276,121 | |
Total Loans [Member] | Non ASC 310-30 [Member] | Residential Real Estate Segment [Member] | |||
Loans [Line Items] | |||
Total Loans | 674,830 | 662,550 | |
Total Loans [Member] | Non ASC 310-30 [Member] | Senior lien | |||
Loans [Line Items] | |||
Total Loans | 620,757 | 614,493 | |
Total Loans [Member] | Non ASC 310-30 [Member] | Junior lien | |||
Loans [Line Items] | |||
Total Loans | 54,073 | 48,057 | |
Total Loans [Member] | Non ASC 310-30 [Member] | Consumer [Member] | |||
Loans [Line Items] | |||
Total Loans | 26,498 | 30,635 | |
Total Loans [Member] | ASC 310-30 [Member] | |||
Loans [Line Items] | |||
Total Loans | 169,282 | 202,830 | |
Total Loans [Member] | ASC 310-30 [Member] | Commercial Loan [Member] | |||
Loans [Line Items] | |||
Total Loans | 46,875 | 57,474 | |
Total Loans [Member] | ASC 310-30 [Member] | Residential Real Estate Segment [Member] | |||
Loans [Line Items] | |||
Total Loans | 19,341 | 21,452 | |
Total Loans [Member] | ASC 310-30 [Member] | Consumer [Member] | |||
Loans [Line Items] | |||
Total Loans | 1,347 | 2,731 | |
Total Loans [Member] | ASC 310-30 [Member] | Commercial Real Estate [Member] | |||
Loans [Line Items] | |||
Total Loans | 101,719 | 121,173 | |
Total Loans [Member] | Pass [Member] | |||
Loans [Line Items] | |||
Total Loans | 2,532,072 | 2,356,761 | |
Total Loans [Member] | Pass [Member] | Non ASC 310-30 [Member] | |||
Loans [Line Items] | |||
Total Loans | 2,441,376 | 2,252,304 | |
Total Loans [Member] | Pass [Member] | Non ASC 310-30 [Member] | Commercial and Industrial [Member] | |||
Loans [Line Items] | |||
Total Loans | 980,188 | 865,840 | |
Total Loans [Member] | Pass [Member] | Non ASC 310-30 [Member] | Agriculture [Member] | |||
Loans [Line Items] | |||
Total Loans | 128,721 | 132,450 | |
Total Loans [Member] | Pass [Member] | Non ASC 310-30 [Member] | Energy Loans [Member] | |||
Loans [Line Items] | |||
Total Loans | 59,603 | 92,152 | |
Total Loans [Member] | Pass [Member] | Non ASC 310-30 [Member] | Commercial Loan [Member] | |||
Loans [Line Items] | |||
Total Loans | 1,340,812 | 1,264,550 | |
Total Loans [Member] | Pass [Member] | Non ASC 310-30 [Member] | Total Commercial Real Estate [Member] | |||
Loans [Line Items] | |||
Total Loans | 406,381 | 301,638 | |
Total Loans [Member] | Pass [Member] | Non ASC 310-30 [Member] | Commercial Construction [Member] | |||
Loans [Line Items] | |||
Total Loans | 80,024 | 24,686 | |
Total Loans [Member] | Pass [Member] | Non ASC 310-30 [Member] | Commercial Acquisition/Development [Member] | |||
Loans [Line Items] | |||
Total Loans | 6,426 | 5,066 | |
Total Loans [Member] | Pass [Member] | Non ASC 310-30 [Member] | Multifamily [Member] | |||
Loans [Line Items] | |||
Total Loans | 10,811 | 9,851 | |
Total Loans [Member] | Pass [Member] | Non ASC 310-30 [Member] | Owner-Occupied [Member] | |||
Loans [Line Items] | |||
Total Loans | 172,300 | 174,108 | |
Total Loans [Member] | Pass [Member] | Non ASC 310-30 [Member] | Non Owner-Occupied [Member] | |||
Loans [Line Items] | |||
Total Loans | 309,120 | 262,035 | |
Total Loans [Member] | Pass [Member] | Non ASC 310-30 [Member] | Residential Real Estate Segment [Member] | |||
Loans [Line Items] | |||
Total Loans | 667,986 | 655,633 | |
Total Loans [Member] | Pass [Member] | Non ASC 310-30 [Member] | Senior lien | |||
Loans [Line Items] | |||
Total Loans | 615,657 | 609,196 | |
Total Loans [Member] | Pass [Member] | Non ASC 310-30 [Member] | Junior lien | |||
Loans [Line Items] | |||
Total Loans | 52,329 | 46,437 | |
Total Loans [Member] | Pass [Member] | Non ASC 310-30 [Member] | Consumer [Member] | |||
Loans [Line Items] | |||
Total Loans | 26,197 | 30,483 | |
Total Loans [Member] | Pass [Member] | ASC 310-30 [Member] | |||
Loans [Line Items] | |||
Total Loans | 90,696 | 104,457 | |
Total Loans [Member] | Pass [Member] | ASC 310-30 [Member] | Commercial Loan [Member] | |||
Loans [Line Items] | |||
Total Loans | 31,233 | 35,384 | |
Total Loans [Member] | Pass [Member] | ASC 310-30 [Member] | Residential Real Estate Segment [Member] | |||
Loans [Line Items] | |||
Total Loans | 15,396 | 16,960 | |
Total Loans [Member] | Pass [Member] | ASC 310-30 [Member] | Consumer [Member] | |||
Loans [Line Items] | |||
Total Loans | 1,140 | 2,296 | |
Total Loans [Member] | Pass [Member] | ASC 310-30 [Member] | Commercial Real Estate [Member] | |||
Loans [Line Items] | |||
Total Loans | 42,927 | 49,817 | |
Total Loans [Member] | Special Mention [Member] | |||
Loans [Line Items] | |||
Total Loans | 70,185 | 69,888 | |
Total Loans [Member] | Special Mention [Member] | Non ASC 310-30 [Member] | |||
Loans [Line Items] | |||
Total Loans | 67,783 | 67,051 | |
Total Loans [Member] | Special Mention [Member] | Non ASC 310-30 [Member] | Commercial and Industrial [Member] | |||
Loans [Line Items] | |||
Total Loans | 23,574 | 8,363 | |
Total Loans [Member] | Special Mention [Member] | Non ASC 310-30 [Member] | Agriculture [Member] | |||
Loans [Line Items] | |||
Total Loans | 811 | 2,440 | |
Total Loans [Member] | Special Mention [Member] | Non ASC 310-30 [Member] | Energy Loans [Member] | |||
Loans [Line Items] | |||
Total Loans | 15,746 | 36,503 | |
Total Loans [Member] | Special Mention [Member] | Non ASC 310-30 [Member] | Commercial Loan [Member] | |||
Loans [Line Items] | |||
Total Loans | 54,662 | 52,901 | |
Total Loans [Member] | Special Mention [Member] | Non ASC 310-30 [Member] | Total Commercial Real Estate [Member] | |||
Loans [Line Items] | |||
Total Loans | 12,575 | 13,482 | |
Total Loans [Member] | Special Mention [Member] | Non ASC 310-30 [Member] | Commercial Construction [Member] | |||
Loans [Line Items] | |||
Total Loans | 2,731 | 4,882 | |
Total Loans [Member] | Special Mention [Member] | Non ASC 310-30 [Member] | Commercial Acquisition/Development [Member] | |||
Loans [Line Items] | |||
Total Loans | 2,337 | 509 | |
Total Loans [Member] | Special Mention [Member] | Non ASC 310-30 [Member] | Owner-Occupied [Member] | |||
Loans [Line Items] | |||
Total Loans | 14,531 | 5,595 | |
Total Loans [Member] | Special Mention [Member] | Non ASC 310-30 [Member] | Non Owner-Occupied [Member] | |||
Loans [Line Items] | |||
Total Loans | 7,507 | 8,091 | |
Total Loans [Member] | Special Mention [Member] | Non ASC 310-30 [Member] | Residential Real Estate Segment [Member] | |||
Loans [Line Items] | |||
Total Loans | 484 | 601 | |
Total Loans [Member] | Special Mention [Member] | Non ASC 310-30 [Member] | Senior lien | |||
Loans [Line Items] | |||
Total Loans | 263 | 349 | |
Total Loans [Member] | Special Mention [Member] | Non ASC 310-30 [Member] | Junior lien | |||
Loans [Line Items] | |||
Total Loans | 221 | 252 | |
Total Loans [Member] | Special Mention [Member] | Non ASC 310-30 [Member] | Consumer [Member] | |||
Loans [Line Items] | |||
Total Loans | 62 | 67 | |
Total Loans [Member] | Special Mention [Member] | ASC 310-30 [Member] | |||
Loans [Line Items] | |||
Total Loans | 2,402 | 2,837 | |
Total Loans [Member] | Special Mention [Member] | ASC 310-30 [Member] | Commercial Loan [Member] | |||
Loans [Line Items] | |||
Total Loans | 462 | 787 | |
Total Loans [Member] | Special Mention [Member] | ASC 310-30 [Member] | Residential Real Estate Segment [Member] | |||
Loans [Line Items] | |||
Total Loans | 1,574 | 1,604 | |
Total Loans [Member] | Special Mention [Member] | ASC 310-30 [Member] | Consumer [Member] | |||
Loans [Line Items] | |||
Total Loans | 23 | 94 | |
Total Loans [Member] | Special Mention [Member] | ASC 310-30 [Member] | Commercial Real Estate [Member] | |||
Loans [Line Items] | |||
Total Loans | 343 | 352 | |
Total Loans [Member] | Substandard [Member] | |||
Loans [Line Items] | |||
Total Loans | 117,549 | 152,911 | |
Total Loans [Member] | Substandard [Member] | Non ASC 310-30 [Member] | |||
Loans [Line Items] | |||
Total Loans | 45,134 | 61,144 | |
Total Loans [Member] | Substandard [Member] | Non ASC 310-30 [Member] | Commercial and Industrial [Member] | |||
Loans [Line Items] | |||
Total Loans | 9,893 | 16,769 | |
Total Loans [Member] | Substandard [Member] | Non ASC 310-30 [Member] | Agriculture [Member] | |||
Loans [Line Items] | |||
Total Loans | 2,153 | 10,668 | |
Total Loans [Member] | Substandard [Member] | Non ASC 310-30 [Member] | Energy Loans [Member] | |||
Loans [Line Items] | |||
Total Loans | 16,588 | 16,098 | |
Total Loans [Member] | Substandard [Member] | Non ASC 310-30 [Member] | Commercial Loan [Member] | |||
Loans [Line Items] | |||
Total Loans | 33,471 | 48,451 | |
Total Loans [Member] | Substandard [Member] | Non ASC 310-30 [Member] | Total Commercial Real Estate [Member] | |||
Loans [Line Items] | |||
Total Loans | 5,064 | 6,319 | |
Total Loans [Member] | Substandard [Member] | Non ASC 310-30 [Member] | Commercial Construction [Member] | |||
Loans [Line Items] | |||
Total Loans | 381 | 575 | |
Total Loans [Member] | Substandard [Member] | Non ASC 310-30 [Member] | Multifamily [Member] | |||
Loans [Line Items] | |||
Total Loans | 22 | ||
Total Loans [Member] | Substandard [Member] | Non ASC 310-30 [Member] | Owner-Occupied [Member] | |||
Loans [Line Items] | |||
Total Loans | 4,837 | 4,916 | |
Total Loans [Member] | Substandard [Member] | Non ASC 310-30 [Member] | Non Owner-Occupied [Member] | |||
Loans [Line Items] | |||
Total Loans | 4,683 | 5,722 | |
Total Loans [Member] | Substandard [Member] | Non ASC 310-30 [Member] | Residential Real Estate Segment [Member] | |||
Loans [Line Items] | |||
Total Loans | 6,360 | 6,289 | |
Total Loans [Member] | Substandard [Member] | Non ASC 310-30 [Member] | Senior lien | |||
Loans [Line Items] | |||
Total Loans | 4,837 | 4,921 | |
Total Loans [Member] | Substandard [Member] | Non ASC 310-30 [Member] | Junior lien | |||
Loans [Line Items] | |||
Total Loans | 1,523 | 1,368 | |
Total Loans [Member] | Substandard [Member] | Non ASC 310-30 [Member] | Consumer [Member] | |||
Loans [Line Items] | |||
Total Loans | 239 | 85 | |
Total Loans [Member] | Substandard [Member] | ASC 310-30 [Member] | |||
Loans [Line Items] | |||
Total Loans | 72,415 | 91,767 | |
Total Loans [Member] | Substandard [Member] | ASC 310-30 [Member] | Commercial Loan [Member] | |||
Loans [Line Items] | |||
Total Loans | 15,180 | 21,303 | |
Total Loans [Member] | Substandard [Member] | ASC 310-30 [Member] | Residential Real Estate Segment [Member] | |||
Loans [Line Items] | |||
Total Loans | 2,371 | 2,888 | |
Total Loans [Member] | Substandard [Member] | ASC 310-30 [Member] | Consumer [Member] | |||
Loans [Line Items] | |||
Total Loans | 184 | 341 | |
Total Loans [Member] | Substandard [Member] | ASC 310-30 [Member] | Commercial Real Estate [Member] | |||
Loans [Line Items] | |||
Total Loans | 54,680 | 67,235 | |
Total Loans [Member] | Doubtful [Member] | |||
Loans [Line Items] | |||
Total Loans | 18,698 | 8,113 | |
Total Loans [Member] | Doubtful [Member] | Non ASC 310-30 [Member] | |||
Loans [Line Items] | |||
Total Loans | 14,929 | 4,344 | |
Total Loans [Member] | Doubtful [Member] | Non ASC 310-30 [Member] | Commercial and Industrial [Member] | |||
Loans [Line Items] | |||
Total Loans | 2,203 | 1,917 | |
Total Loans [Member] | Doubtful [Member] | Non ASC 310-30 [Member] | Energy Loans [Member] | |||
Loans [Line Items] | |||
Total Loans | 12,726 | 2,127 | |
Total Loans [Member] | Doubtful [Member] | Non ASC 310-30 [Member] | Commercial Loan [Member] | |||
Loans [Line Items] | |||
Total Loans | 14,929 | 4,044 | |
Total Loans [Member] | Doubtful [Member] | Non ASC 310-30 [Member] | Total Commercial Real Estate [Member] | |||
Loans [Line Items] | |||
Total Loans | 273 | ||
Total Loans [Member] | Doubtful [Member] | Non ASC 310-30 [Member] | Non Owner-Occupied [Member] | |||
Loans [Line Items] | |||
Total Loans | 273 | ||
Total Loans [Member] | Doubtful [Member] | Non ASC 310-30 [Member] | Residential Real Estate Segment [Member] | |||
Loans [Line Items] | |||
Total Loans | 27 | ||
Total Loans [Member] | Doubtful [Member] | Non ASC 310-30 [Member] | Senior lien | |||
Loans [Line Items] | |||
Total Loans | 27 | ||
Total Loans [Member] | Doubtful [Member] | ASC 310-30 [Member] | |||
Loans [Line Items] | |||
Total Loans | 3,769 | 3,769 | |
Total Loans [Member] | Doubtful [Member] | ASC 310-30 [Member] | Commercial Real Estate [Member] | |||
Loans [Line Items] | |||
Total Loans | $ 3,769 | $ 3,769 |
Loans - (Additional Information
Loans - (Additional Information Regarding Impaired Loans) (Details) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 |
Loans [Line Items] | ||
Unpaid principal balance, Total | $ 50,533 | $ 38,069 |
Recorded Investment In Acquired Impaired Loans | 46,815 | 37,363 |
Loans and Leases Receivable, Allowance | 14,975 | 4,388 |
Commercial and Industrial [Member] | ||
Loans [Line Items] | ||
Unpaid principal balance with no related allowance recorded | 3,268 | 4,997 |
Recorded investment with no related allowance recorded | 3,106 | 4,995 |
Unpaid principal balance of impaired loans with an allowance recorded | 5,483 | 4,537 |
Recorded investment of impaired loans with an allowance recorded | 3,983 | 4,503 |
Allowance for loan losses allocated with an allowance recorded | 2,203 | 1,918 |
Agriculture [Member] | ||
Loans [Line Items] | ||
Unpaid principal balance with no related allowance recorded | 1,772 | 1,877 |
Recorded investment with no related allowance recorded | 1,758 | 1,878 |
Unpaid principal balance of impaired loans with an allowance recorded | 223 | 254 |
Recorded investment of impaired loans with an allowance recorded | 177 | 248 |
Allowance for loan losses allocated with an allowance recorded | 1 | |
Energy Loans [Member] | ||
Loans [Line Items] | ||
Unpaid principal balance with no related allowance recorded | 5,815 | |
Recorded investment with no related allowance recorded | 5,749 | |
Unpaid principal balance of impaired loans with an allowance recorded | 26,161 | 6,279 |
Recorded investment of impaired loans with an allowance recorded | 25,913 | 6,260 |
Allowance for loan losses allocated with an allowance recorded | 12,726 | 2,127 |
Commercial Loan [Member] | ||
Loans [Line Items] | ||
Unpaid principal balance with no related allowance recorded | 7,106 | 14,906 |
Recorded investment with no related allowance recorded | 6,681 | 14,772 |
Unpaid principal balance of impaired loans with an allowance recorded | 33,122 | 12,342 |
Recorded investment of impaired loans with an allowance recorded | 30,901 | 12,128 |
Allowance for loan losses allocated with an allowance recorded | 14,932 | 4,048 |
Commercial Construction [Member] | ||
Loans [Line Items] | ||
Unpaid principal balance with no related allowance recorded | 190 | |
Recorded investment with no related allowance recorded | 188 | |
Multifamily [Member] | ||
Loans [Line Items] | ||
Unpaid principal balance of impaired loans with an allowance recorded | 35 | 61 |
Recorded investment of impaired loans with an allowance recorded | 35 | 59 |
Owner-Occupied [Member] | ||
Loans [Line Items] | ||
Unpaid principal balance with no related allowance recorded | 2,066 | 2,218 |
Recorded investment with no related allowance recorded | 1,817 | 2,150 |
Unpaid principal balance of impaired loans with an allowance recorded | 1,255 | 1,272 |
Recorded investment of impaired loans with an allowance recorded | 828 | 1,117 |
Allowance for loan losses allocated with an allowance recorded | 3 | 2 |
Non Owner-Occupied [Member] | ||
Loans [Line Items] | ||
Unpaid principal balance with no related allowance recorded | 154 | |
Recorded investment with no related allowance recorded | 153 | |
Unpaid principal balance of impaired loans with an allowance recorded | 863 | 1,642 |
Recorded investment of impaired loans with an allowance recorded | 808 | 1,630 |
Allowance for loan losses allocated with an allowance recorded | 3 | 274 |
Total Commercial Real Estate [Member] | ||
Loans [Line Items] | ||
Unpaid principal balance with no related allowance recorded | 344 | |
Recorded investment with no related allowance recorded | 341 | |
Unpaid principal balance of impaired loans with an allowance recorded | 898 | 1,703 |
Recorded investment of impaired loans with an allowance recorded | 843 | 1,689 |
Allowance for loan losses allocated with an allowance recorded | 3 | 274 |
Senior lien | ||
Loans [Line Items] | ||
Unpaid principal balance with no related allowance recorded | 1,408 | 947 |
Recorded investment with no related allowance recorded | 1,293 | 941 |
Unpaid principal balance of impaired loans with an allowance recorded | 5,676 | 5,827 |
Recorded investment of impaired loans with an allowance recorded | 5,086 | 5,701 |
Allowance for loan losses allocated with an allowance recorded | 25 | 54 |
Junior lien | ||
Loans [Line Items] | ||
Unpaid principal balance with no related allowance recorded | 138 | 113 |
Recorded investment with no related allowance recorded | 133 | 112 |
Unpaid principal balance of impaired loans with an allowance recorded | 1,942 | 1,800 |
Recorded investment of impaired loans with an allowance recorded | 1,638 | 1,593 |
Allowance for loan losses allocated with an allowance recorded | 13 | 11 |
Residential Real Estate Segment [Member] | ||
Loans [Line Items] | ||
Unpaid principal balance with no related allowance recorded | 1,546 | 1,060 |
Recorded investment with no related allowance recorded | 1,426 | 1,052 |
Unpaid principal balance of impaired loans with an allowance recorded | 7,618 | 7,627 |
Recorded investment of impaired loans with an allowance recorded | 6,724 | 7,294 |
Allowance for loan losses allocated with an allowance recorded | 38 | 65 |
Consumer [Member] | ||
Loans [Line Items] | ||
Unpaid principal balance of impaired loans with an allowance recorded | 243 | 86 |
Recorded investment of impaired loans with an allowance recorded | 240 | 86 |
Allowance for loan losses allocated with an allowance recorded | 2 | 1 |
Impaired Loans With No Related Allowance Recorded [Member] [Member] | ||
Loans [Line Items] | ||
Unpaid principal balance with no related allowance recorded | 8,652 | 16,311 |
Recorded investment with no related allowance recorded | 8,107 | 16,165 |
Impaired Loans with Related Allowance Recorded [Member] | ||
Loans [Line Items] | ||
Unpaid principal balance of impaired loans with an allowance recorded | 41,881 | 21,758 |
Recorded investment of impaired loans with an allowance recorded | 38,708 | 21,198 |
Allowance for loan losses allocated with an allowance recorded | $ 14,975 | $ 4,388 |
Loans - (Impaired Loans - Avera
Loans - (Impaired Loans - Average Recorded Investment and Interest Income Recognized) (Details) - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2016 | Jun. 30, 2015 | |
Loans [Line Items] | ||
Impaired Financing Receivable, Average Recorded Investment | $ 48,983 | $ 41,968 |
Impaired Financing Receivable, Interest Income, Cash Basis Method | 317 | 528 |
Commercial and Industrial [Member] | ||
Loans [Line Items] | ||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 4,564 | 16,138 |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 138 | 357 |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 4,312 | 1,549 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method | 1 | |
Owner-Occupied [Member] | ||
Loans [Line Items] | ||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 1,869 | 1,910 |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 49 | 35 |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 865 | 960 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method | 7 | 13 |
Agriculture [Member] | ||
Loans [Line Items] | ||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 1,758 | |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 179 | 407 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method | 3 | 2 |
Energy Loans [Member] | ||
Loans [Line Items] | ||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 12,532 | |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 26,005 | |
Commercial Loan [Member] | ||
Loans [Line Items] | ||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 8,191 | 30,580 |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 187 | 392 |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 31,361 | 2,916 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method | 10 | 16 |
Multifamily [Member] | ||
Loans [Line Items] | ||
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 36 | 39 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method | 1 | |
Non Owner-Occupied [Member] | ||
Loans [Line Items] | ||
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 823 | 863 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method | 24 | 26 |
Total Commercial Real Estate [Member] | ||
Loans [Line Items] | ||
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 859 | 902 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method | 25 | 26 |
Senior lien | ||
Loans [Line Items] | ||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 1,312 | 315 |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 14 | 9 |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 5,212 | 5,880 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method | 53 | 59 |
Junior lien | ||
Loans [Line Items] | ||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 136 | |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 1 | |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 1,670 | 1,326 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method | 27 | 26 |
Residential Real Estate Segment [Member] | ||
Loans [Line Items] | ||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 1,448 | 315 |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 15 | 9 |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 6,882 | 7,206 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method | 80 | 85 |
Consumer [Member] | ||
Loans [Line Items] | ||
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 242 | 49 |
Impaired Loans With No Related Allowance Recorded [Member] [Member] | ||
Loans [Line Items] | ||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 9,639 | 30,895 |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 202 | 401 |
Impaired Loans with Related Allowance Recorded [Member] | ||
Loans [Line Items] | ||
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 39,344 | 11,073 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method | $ 115 | $ 127 |
Loans - Troubled Debt Restructu
Loans - Troubled Debt Restructuring and Loans Accounted for Under ASC Topic 310-30 Narratives (Details) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2016USD ($)item | Jun. 30, 2016USD ($)itemloan | Jun. 30, 2015loan | Dec. 31, 2015USD ($) | |
Debt Instrument [Line Items] | ||||
TDR's modified within the past year that defaulted on their restructured terms | item | 5 | |||
Troubled Debt Restructurings [Member] | ||||
Debt Instrument [Line Items] | ||||
TDR's modified within the past year that defaulted on their restructured terms | 1 | 0 | ||
Number of restructured loans | item | 12 | |||
Recorded investment | $ 2,700 | $ 2,700 | ||
Energy Loans [Member] | ||||
Debt Instrument [Line Items] | ||||
TDR's modified within the past year that defaulted on their restructured terms | loan | 1 | |||
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | $ 5,800 | |||
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | $ 5,800 | |||
Commercial Loan [Member] | ||||
Debt Instrument [Line Items] | ||||
TDR's modified within the past year that defaulted on their restructured terms | loan | 2 | |||
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | $ 3,900 | |||
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | $ 3,900 | |||
Residential [Member] | ||||
Debt Instrument [Line Items] | ||||
TDR's modified within the past year that defaulted on their restructured terms | loan | 1 | |||
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | $ 100 | |||
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | $ 100 | |||
Total Commercial Real Estate [Member] | ||||
Debt Instrument [Line Items] | ||||
TDR's modified within the past year that defaulted on their restructured terms | loan | 1 | |||
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | $ 200 | |||
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 200 | |||
Accruing TDR [Member] | ||||
Debt Instrument [Line Items] | ||||
Recorded investment | 5,729 | 5,729 | $ 8,436 | |
Non-Accruing TDR [Member] | ||||
Debt Instrument [Line Items] | ||||
Troubled Debt Restructuring Nonaccrual Loans | $ 13,051 | $ 13,051 | $ 17,793 |
Loans - (Additional Informati54
Loans - (Additional Information Related to Accruing TDR's) (Details) - Accruing TDR [Member] - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended |
Jun. 30, 2016 | Dec. 31, 2015 | |
Loans [Line Items] | ||
Recorded investment | $ 5,729 | $ 8,436 |
Average year-to- date recorded investment | 5,813 | 8,594 |
Unpaid principal balance | 5,884 | 8,485 |
Unfunded commitments to fund TDRs | 2 | 165 |
Commercial [Member] | ||
Loans [Line Items] | ||
Recorded investment | 2,576 | 5,874 |
Average year-to- date recorded investment | 2,610 | 5,951 |
Unpaid principal balance | 2,631 | 5,918 |
Unfunded commitments to fund TDRs | 163 | |
Commercial Real Estate [Member] | ||
Loans [Line Items] | ||
Recorded investment | 743 | 388 |
Average year-to- date recorded investment | 758 | 394 |
Unpaid principal balance | 795 | 389 |
Residential Real Estate Segment [Member] | ||
Loans [Line Items] | ||
Recorded investment | 2,401 | 2,162 |
Average year-to- date recorded investment | 2,435 | 2,234 |
Unpaid principal balance | 2,449 | 2,166 |
Unfunded commitments to fund TDRs | 2 | 2 |
Consumer [Member] | ||
Loans [Line Items] | ||
Recorded investment | 9 | 12 |
Average year-to- date recorded investment | 10 | 15 |
Unpaid principal balance | $ 9 | $ 12 |
Loans - (Summary of Company's C
Loans - (Summary of Company's Carrying Value of Non-Accrual TDR's) (Details) - Non-Accruing TDR [Member] - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 |
Loans [Line Items] | ||
Carrying Value of Non - Accruing TDR's | $ 13,051 | $ 17,793 |
Commercial [Member] | ||
Loans [Line Items] | ||
Carrying Value of Non - Accruing TDR's | 12,069 | 16,297 |
Commercial Real Estate [Member] | ||
Loans [Line Items] | ||
Carrying Value of Non - Accruing TDR's | 816 | |
Residential Real Estate Segment [Member] | ||
Loans [Line Items] | ||
Carrying Value of Non - Accruing TDR's | 775 | 678 |
Consumer [Member] | ||
Loans [Line Items] | ||
Carrying Value of Non - Accruing TDR's | $ 207 | $ 2 |
Loans - (Re-Measurement of Loan
Loans - (Re-Measurement of Loans Accounted for Under ASC Topic 310-30 Resulting in Changes in Carrying Amount of Accretable Yield) (Details) - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2016 | Jun. 30, 2015 | |
Certain Loans Acquired in Transfer Accounted for as Debt Securities, Accretable Yield Movement Schedule [Roll Forward] | ||
Accretable yield beginning balance | $ 84,194 | $ 113,463 |
Reclassification from non-accretable difference | 5,646 | 15,823 |
Reclassification to non-accretable difference | (4,019) | (1,390) |
Accretion | (18,056) | (24,466) |
Accretable yield ending balance | $ 67,765 | $ 103,430 |
Loans - (Composition of Net Boo
Loans - (Composition of Net Book Value for Loans Accounted for under ASC Topic 310-30) (Details) - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended |
Jun. 30, 2016 | Dec. 31, 2015 | |
Receivables [Abstract] | ||
Contractual cash flows | $ 576,242 | $ 627,843 |
Non-accretable difference | (339,195) | (340,819) |
Accretable yield | (67,765) | (84,194) |
Loans accounted for under ASC 310-30 | $ 169,282 | $ 202,830 |
Allowance for Loan Losses - (Su
Allowance for Loan Losses - (Summary of Company's Allowance for Loan Losses ("All") and Recorded Investment in Loans) (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||||
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Dec. 31, 2015 | Jun. 30, 2015 | |
Allowance for Loan and Lease Losses [Roll Forward] | |||||||
Beginning balance | $ 37,166 | $ 18,873 | $ 27,119 | $ 17,613 | |||
Provision (recoupment) for loan losses | 17,076 | 3,311 | |||||
Ending balance | 40,106 | 20,241 | 40,106 | 20,241 | |||
Carrying amount of loan investments | $ 2,738,504 | $ 2,587,673 | $ 2,328,524 | ||||
Loans | 37,166 | 18,873 | 27,119 | 17,613 | 40,106 | 27,119 | 20,241 |
Total Loans | 2,738,504 | 2,587,673 | 2,328,524 | ||||
Receivables Acquired with Deteriorated Credit Quality [Member] | |||||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||||
Ending balance | 40,106 | 20,241 | 40,106 | 20,241 | |||
Loans | 40,106 | 20,241 | 40,106 | 20,241 | 40,106 | 20,241 | |
Non ASC 310-30 [Member] | |||||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||||
Beginning balance | 36,951 | 18,102 | 26,042 | 16,892 | |||
Charge-offs | (3,686) | (673) | (4,345) | (1,015) | |||
Recoveries | 210 | 197 | 297 | 346 | |||
Provision (recoupment) for loan losses | 6,400 | 1,850 | 17,881 | 3,253 | |||
Ending balance | 39,875 | 19,476 | 39,875 | 19,476 | |||
Ending allowance balance individually evaluated for impairment | 14,977 | 893 | |||||
Ending allowance balance collectively evaluated for impairment | 24,898 | 18,583 | |||||
Loans individually evaluated for impairment | 45,716 | 41,241 | |||||
Loans collectively evaluated for impairment | 2,523,506 | 2,045,988 | |||||
Carrying amount of loan investments | 2,569,222 | 2,384,843 | |||||
Loans | 36,951 | 18,102 | 26,042 | 16,892 | 39,875 | 26,042 | 19,476 |
Total Loans | 2,569,222 | 2,384,843 | |||||
ASC 310-30 [Member] | |||||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||||
Beginning balance | 215 | 771 | 1,077 | 721 | |||
Charge-offs | (41) | (14) | (41) | (14) | |||
Provision (recoupment) for loan losses | 57 | 8 | (805) | 58 | |||
Ending balance | 231 | 765 | 231 | 765 | |||
Carrying amount of loan investments | 169,282 | 202,830 | |||||
Loans | 215 | 771 | 1,077 | 721 | 231 | 1,077 | 765 |
Total Loans | 169,282 | 202,830 | |||||
ASC 310-30 [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | |||||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||||
Ending balance | 231 | 765 | 231 | 765 | |||
Carrying amount of loan investments | 169,282 | 241,295 | |||||
Loans | 231 | 765 | 231 | 765 | 231 | 765 | |
Total Loans | 169,282 | 241,295 | |||||
Commercial Portfolio Segment [Member] | |||||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||||
Beginning balance | 28,684 | 11,913 | 17,261 | 10,384 | |||
Ending balance | 29,982 | 12,216 | 29,982 | 12,216 | |||
Carrying amount of loan investments | 1,490,749 | 1,204,189 | |||||
Loans | 28,684 | 11,913 | 17,261 | 10,384 | 29,982 | 17,261 | 12,216 |
Total Loans | 1,490,749 | 1,204,189 | |||||
Commercial Portfolio Segment [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | |||||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||||
Ending balance | 29,982 | 12,216 | 29,982 | 12,216 | |||
Loans | 29,982 | 12,216 | 29,982 | 12,216 | 29,982 | 12,216 | |
Commercial Portfolio Segment [Member] | Non ASC 310-30 [Member] | |||||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||||
Beginning balance | 28,610 | 11,293 | 16,473 | 9,916 | |||
Charge-offs | (3,375) | (1) | (3,484) | (51) | |||
Recoveries | 12 | 33 | 24 | 54 | |||
Provision (recoupment) for loan losses | 4,733 | 259 | 16,967 | 1,665 | |||
Ending balance | 29,980 | 11,584 | 29,980 | 11,584 | |||
Ending allowance balance individually evaluated for impairment | 14,933 | 685 | |||||
Ending allowance balance collectively evaluated for impairment | 15,047 | 10,899 | |||||
Loans individually evaluated for impairment | 37,265 | 32,940 | |||||
Loans collectively evaluated for impairment | 1,406,609 | 1,131,346 | |||||
Loans | 28,610 | 11,293 | 16,473 | 9,916 | 29,980 | 16,473 | 11,584 |
Commercial Portfolio Segment [Member] | ASC 310-30 [Member] | |||||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||||
Beginning balance | 74 | 620 | 788 | 468 | |||
Provision (recoupment) for loan losses | (72) | 12 | (786) | 164 | |||
Ending balance | 2 | 632 | 2 | 632 | |||
Loans | 74 | 620 | 788 | 468 | 2 | 788 | 632 |
Commercial Portfolio Segment [Member] | ASC 310-30 [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | |||||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||||
Ending balance | 2 | 632 | 2 | 632 | |||
Carrying amount of loan investments | 46,875 | 39,903 | |||||
Loans | 2 | 632 | 2 | 632 | 2 | 632 | |
Total Loans | 46,875 | 39,903 | |||||
Commercial Real Estate Portfolio Segment [Member] | |||||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||||
Beginning balance | 3,861 | 2,823 | 4,166 | 3,042 | |||
Ending balance | 5,368 | 2,963 | 5,368 | 2,963 | |||
Carrying amount of loan investments | 525,739 | 436,857 | |||||
Loans | 3,861 | 2,823 | 4,166 | 3,042 | 5,368 | 4,166 | 2,963 |
Total Loans | 525,739 | 436,857 | |||||
Commercial Real Estate Portfolio Segment [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | |||||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||||
Ending balance | 5,368 | 2,963 | 5,368 | 2,963 | |||
Loans | 5,368 | 2,963 | 5,368 | 2,963 | 5,368 | 2,963 | |
Commercial Real Estate Portfolio Segment [Member] | Non ASC 310-30 [Member] | |||||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||||
Beginning balance | 3,803 | 2,686 | 3,939 | 2,820 | |||
Charge-offs | (220) | (276) | (222) | ||||
Recoveries | 56 | 109 | 65 | 124 | |||
Provision (recoupment) for loan losses | 1,298 | 262 | 1,429 | 115 | |||
Ending balance | 5,157 | 2,837 | 5,157 | 2,837 | |||
Ending allowance balance individually evaluated for impairment | 3 | 6 | |||||
Ending allowance balance collectively evaluated for impairment | 5,154 | 2,831 | |||||
Loans individually evaluated for impairment | 842 | 884 | |||||
Loans collectively evaluated for impairment | 423,178 | 269,492 | |||||
Loans | 3,803 | 2,686 | 3,939 | 2,820 | 5,157 | 3,939 | 2,837 |
Commercial Real Estate Portfolio Segment [Member] | ASC 310-30 [Member] | |||||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||||
Beginning balance | 58 | 137 | 227 | 222 | |||
Charge-offs | (41) | (41) | |||||
Provision (recoupment) for loan losses | 194 | (11) | 25 | (96) | |||
Ending balance | 211 | 126 | 211 | 126 | |||
Loans | 58 | 137 | 227 | 222 | 211 | 227 | 126 |
Commercial Real Estate Portfolio Segment [Member] | ASC 310-30 [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | |||||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||||
Ending balance | 211 | 126 | 211 | 126 | |||
Carrying amount of loan investments | 101,719 | 166,481 | |||||
Loans | 211 | 126 | 211 | 126 | 211 | 126 | |
Total Loans | 101,719 | 166,481 | |||||
Residential Portfolio Segment [Member] | |||||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||||
Beginning balance | 4,325 | 3,787 | 5,281 | 3,771 | |||
Ending balance | 4,504 | 4,649 | 4,504 | 4,649 | |||
Carrying amount of loan investments | 694,171 | 654,329 | |||||
Loans | 4,325 | 3,787 | 5,281 | 3,771 | 4,504 | 5,281 | 4,649 |
Total Loans | 694,171 | 654,329 | |||||
Residential Portfolio Segment [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | |||||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||||
Ending balance | 4,504 | 4,649 | 4,504 | 4,649 | |||
Loans | 4,504 | 4,649 | 4,504 | 4,649 | 4,504 | 4,649 | |
Residential Portfolio Segment [Member] | Non ASC 310-30 [Member] | |||||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||||
Beginning balance | 4,289 | 3,787 | 5,245 | 3,743 | |||
Charge-offs | (140) | (95) | (197) | (177) | |||
Recoveries | 16 | 23 | 30 | ||||
Provision (recoupment) for loan losses | 339 | 955 | (567) | 1,051 | |||
Ending balance | 4,504 | 4,647 | 4,504 | 4,647 | |||
Ending allowance balance individually evaluated for impairment | 39 | 202 | |||||
Ending allowance balance collectively evaluated for impairment | 4,465 | 4,445 | |||||
Loans individually evaluated for impairment | 7,369 | 7,371 | |||||
Loans collectively evaluated for impairment | 667,461 | 615,796 | |||||
Loans | 4,289 | 3,787 | 5,245 | 3,743 | 4,504 | 5,245 | 4,647 |
Residential Portfolio Segment [Member] | ASC 310-30 [Member] | |||||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||||
Beginning balance | 36 | 36 | 28 | ||||
Provision (recoupment) for loan losses | (36) | 2 | (36) | (26) | |||
Ending balance | 2 | 2 | |||||
Loans | 36 | 2 | 36 | 28 | 36 | 2 | |
Residential Portfolio Segment [Member] | ASC 310-30 [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | |||||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||||
Ending balance | 2 | 2 | |||||
Carrying amount of loan investments | 19,341 | 31,162 | |||||
Loans | 2 | 2 | 2 | ||||
Total Loans | 19,341 | 31,162 | |||||
Consumer Loan [Member] | |||||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||||
Beginning balance | 296 | 350 | 411 | 416 | |||
Ending balance | 252 | 413 | 252 | 413 | |||
Carrying amount of loan investments | 27,845 | 33,149 | |||||
Loans | 296 | 350 | 411 | 416 | 252 | 411 | 413 |
Total Loans | 27,845 | 33,149 | |||||
Consumer Loan [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | |||||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||||
Ending balance | 252 | 413 | 252 | 413 | |||
Loans | 252 | 413 | 252 | 413 | 252 | 413 | |
Consumer Loan [Member] | Non ASC 310-30 [Member] | |||||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||||
Beginning balance | 249 | 336 | 385 | 413 | |||
Charge-offs | (171) | (357) | (388) | (565) | |||
Recoveries | 126 | 55 | 185 | 138 | |||
Provision (recoupment) for loan losses | 30 | 374 | 52 | 422 | |||
Ending balance | 234 | 408 | 234 | 408 | |||
Ending allowance balance individually evaluated for impairment | 2 | ||||||
Ending allowance balance collectively evaluated for impairment | 232 | 408 | |||||
Loans individually evaluated for impairment | 240 | 46 | |||||
Loans collectively evaluated for impairment | 26,258 | 29,354 | |||||
Loans | 249 | 336 | 385 | 413 | 234 | 385 | 408 |
Consumer Loan [Member] | ASC 310-30 [Member] | |||||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||||
Beginning balance | 47 | 14 | 26 | 3 | |||
Charge-offs | (14) | (14) | |||||
Provision (recoupment) for loan losses | (29) | 5 | (8) | 16 | |||
Ending balance | 18 | 5 | 18 | 5 | |||
Loans | 47 | 14 | 26 | 3 | 18 | $ 26 | 5 |
Consumer Loan [Member] | ASC 310-30 [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | |||||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||||
Ending balance | 18 | 5 | 18 | 5 | |||
Carrying amount of loan investments | 1,347 | 3,749 | |||||
Loans | $ 18 | $ 5 | $ 18 | $ 5 | 18 | 5 | |
Total Loans | $ 1,347 | $ 3,749 |
Allowance for Loan Losses - (Na
Allowance for Loan Losses - (Narrative) (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | |
Allowance For Loan And Lease Losses [Line Items] | ||||
Provision (recoupment) for loan losses | $ 17,076 | $ 3,311 | ||
Non ASC 310-30 [Member] | ||||
Allowance For Loan And Lease Losses [Line Items] | ||||
Charge-offs, net | $ 3,500 | $ 500 | 4,000 | 700 |
Provision (recoupment) for loan losses | 6,400 | 1,850 | 17,881 | 3,253 |
Non ASC 310-30 [Member] | Energy Loans [Member] | ||||
Allowance For Loan And Lease Losses [Line Items] | ||||
Provision (recoupment) for loan losses | 4,300 | 15,000 | ||
ASC 310-30 [Member] | ||||
Allowance For Loan And Lease Losses [Line Items] | ||||
Provision (recoupment) for loan losses | $ 57 | $ 8 | $ (805) | $ 58 |
Other Real Estate Owned - (Summ
Other Real Estate Owned - (Summary of Activity in OREO Balances) (Details) - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2016 | Jun. 30, 2015 | |
Other Real Estate [Roll Forward] | ||
Balance | $ 20,814 | $ 29,120 |
Transfers from loan portfolio, at fair value | 3,654 | 920 |
Impairments | (104) | (757) |
Proceeds From Sale Of Other Real Estate Owned, Net | 1,122 | 8,916 |
Sales, net | (3,165) | (11,019) |
Balance | $ 23,242 | $ 20,367 |
Other Real Estate Owned - (Narr
Other Real Estate Owned - (Narrative) (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | Dec. 31, 2015 | |
Banking and Thrift [Abstract] | |||||
Minority interests in OREO which are held by outside banks | $ 1,600 | $ 5,500 | |||
Gain on sale of OREO, net | $ 1,611 | $ 633 | $ 2,043 | $ 2,103 |
Borrowings (Narrative) (Details
Borrowings (Narrative) (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |
Jun. 30, 2016 | Jun. 30, 2016 | Dec. 31, 2015 | |
Disclosure of Repurchase Agreements [Abstract] | |||
FHLB advances | $ 40,000 | $ 40,000 | $ 40,000 |
Min interest rate range of FHLB advances | 0.84% | ||
Max interest rate range of FHLB advances | 2.33% | ||
Interest expense related to FHLB advances | $ 166 | $ 332 |
Regulatory Capital - (Capital R
Regulatory Capital - (Capital Ratio Requirements under Prompt Corrective Action or Other Regulatory Requirements) (Details) - USD ($) $ in Thousands | 1 Months Ended | ||
Feb. 29, 2016 | Jun. 30, 2016 | Dec. 31, 2015 | |
Consolidated [Member] | |||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | |||
Leverage Ratio | 11.00% | 11.80% | |
Common equity risk-based ratio | 16.20% | 17.50% | |
Risk-based capital Ratio | 16.20% | 17.50% | |
Total risk-based capital Ratio | 17.50% | 18.40% | |
Leverage Amount | $ 520,384 | $ 550,368 | |
Common equity risk-based amount | 520,384 | 550,368 | |
Risk-based capital amount | 520,384 | 550,368 | |
Total risk-based capital Amount | $ 560,302 | $ 578,448 | |
Required to be considered adequately capitalized Ratio, leverage ratio | 4.00% | 4.00% | |
Required to be considered adequately capitalized Ratio, risk-based common equity capital ratio | 4.50% | 4.50% | |
Required to be considered adequately capitalized Ratio, risk-based capital ratio | 6.00% | 6.00% | |
Required to be considered adequately capitalized Ratio, Total risk-based capital ratio | 8.00% | 8.00% | |
Required to be considered adequately capitalized leverage Amount | $ 188,492 | $ 187,325 | |
Required to be considered adequately capitalized common equity capital amount | 212,053 | 210,741 | |
Required to be considered adequately capitalized risk-based capital Amount | 192,336 | 189,101 | |
Required to be considered adequately capitalized Total risk-based capital Amount | $ 256,448 | $ 252,134 | |
NBH Bank [Member] | |||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | |||
Permanent reduction in capital | $ 140,000 | ||
Cash distribution from reduction in capital | $ 140,000 | ||
Leverage Ratio | 8.30% | 11.20% | |
Common equity risk-based ratio | 12.10% | 16.60% | |
Risk-based capital Ratio | 12.10% | 16.60% | |
Total risk-based capital Ratio | 13.40% | 17.50% | |
Leverage Amount | $ 387,176 | $ 519,766 | |
Common equity risk-based amount | 387,176 | 519,766 | |
Risk-based capital amount | 387,176 | 519,766 | |
Total risk-based capital Amount | $ 427,095 | $ 547,846 | |
Required to be considered well capitalized Ratio, leverage ratio | 4.50% | 5.00% | |
Required to be considered adequately capitalized Ratio, risk-based common equity capital ratio | 6.50% | 6.50% | |
Required to be considered well capitalized Ratio, risk-based capital ratio | 8.00% | 8.00% | |
Required to be considered well capitalized Ratio, Total risk-based capital ratio | 10.00% | 10.00% | |
Required to be considered well capitalized leverage Amount | $ 209,989 | $ 464,078 | |
Required to be considered well capitalized common equity capital amount | 303,318 | 301,651 | |
Required to be considered well capitalized risk-based capital Amount | 255,409 | 344,989 | |
Required to be considered well capitalized Total risk-based capital Amount | $ 319,216 | $ 376,352 | |
Required to be considered adequately capitalized Ratio, leverage ratio | 4.00% | 4.00% | |
Required to be considered adequately capitalized Ratio, risk-based common equity capital ratio | 4.50% | 4.50% | |
Required to be considered adequately capitalized Ratio, risk-based capital ratio | 6.00% | 6.00% | |
Required to be considered adequately capitalized Ratio, Total risk-based capital ratio | 8.00% | 8.00% | |
Required to be considered adequately capitalized leverage Amount | $ 186,657 | $ 185,631 | |
Required to be considered adequately capitalized common equity capital amount | 209,989 | 208,835 | |
Required to be considered adequately capitalized risk-based capital Amount | 191,556 | 188,176 | |
Required to be considered adequately capitalized Total risk-based capital Amount | $ 255,409 | $ 250,901 |
Stock-based Compensation and Em
Stock-based Compensation and Employee Benefits - (Narrative) (Details) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 3 years | |||
NBH Holdings Corp. 2014 Omnibus Incentive Plan [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Number of shares authorized | 5,073,073 | 5,073,073 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Reduction in Number of Shares for Every One Option or Stock Appreciation Right Granted | 1 | |||
Share-based Compensation Arrangement by Share-based Payment Award, Reduction in Number of Shares for Every One Award Other Than An Option or Stock Appreciation Right Granted | 3.25 | |||
Stock options [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Stock based compensation expense | $ 200,000 | $ 200,000 | $ 400,000 | $ 300,000 |
Unrecognized compensation expense | 900,000 | $ 900,000 | ||
Unrecognized compensation cost, weighted-average period, years | 2 years 3 months 18 days | |||
Restricted Stock [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Awards granted (in shares) | 110,685 | |||
Weighted Average Grant-Date Fair Value, Granted (in dollars per share) | $ 18.92 | |||
Stock based compensation expense | 700,000 | $ 700,000 | $ 1,400,000 | $ 1,200,000 |
Restricted Stock [Member] | NBH Holdings Corp. 2014 Omnibus Incentive Plan [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Awards granted (in shares) | 84,091 | |||
Weighted Average Grant-Date Fair Value, Granted (in dollars per share) | $ 19.61 | |||
Unrecognized compensation expense | 2,500,000 | $ 2,500,000 | ||
Unrecognized compensation cost, weighted-average period, years | 1 year 11 months 16 days | |||
Market-based stock awards | NBH Holdings Corp. 2014 Omnibus Incentive Plan [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Awards granted (in shares) | 26,594 | |||
Share-based Compensation Arrangement by Share-based Payment Award, Award Performance Period | 5 years | |||
Weighted Average Grant-Date Fair Value, Granted (in dollars per share) | $ 11.28 | |||
Unrecognized compensation expense | 200,000 | $ 200,000 | ||
Unrecognized compensation cost, weighted-average period, years | 2 years 8 months 12 days | |||
Performance stock units | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Awards granted (in shares) | 91,342 | |||
Weighted Average Grant-Date Fair Value, Granted (in dollars per share) | $ 18.22 | |||
Performance stock units | NBH Holdings Corp. 2014 Omnibus Incentive Plan [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Awards granted (in shares) | 91,342 | |||
Unrecognized compensation expense | $ 1,200,000 | $ 1,200,000 | ||
Unrecognized compensation cost, weighted-average period, years | 2 years 8 months 12 days | |||
Performance stock units | NBH Holdings Corp. 2014 Omnibus Incentive Plan [Member] | EPS target | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Percentage of awards based on performance type | 60.00% | |||
Weighted Average Grant-Date Fair Value, Granted (in dollars per share) | $ 19.56 | |||
Performance stock units | NBH Holdings Corp. 2014 Omnibus Incentive Plan [Member] | TSR target | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Percentage of awards based on performance type | 40.00% | |||
Weighted Average Grant-Date Fair Value, Granted (in dollars per share) | $ 16.52 | |||
Employee Stock [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Number of shares authorized | 400,000 | 400,000 | ||
Maximum stock purchases by employees, value | $ 25,000 | |||
Maximum stock purchases by employees (in shares) | 2,000 | |||
Discount on purchase of common stock (as a percent) | 90.00% | |||
Offering period for employee stock purchases | 6 months | |||
Employees purchased shares under the ESPP (in shares) | 10,458 | |||
Shares available for issuance | 375,057 | 375,057 | ||
Minimum | Stock options [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 1 year | |||
Share Based Compensation Arrangement By Share Based Payment Award Options Granted Contractual Term | 7 years | |||
Minimum | Restricted Stock [Member] | NBH Holdings Corp. 2014 Omnibus Incentive Plan [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 1 year | |||
Minimum | Performance stock units | NBH Holdings Corp. 2014 Omnibus Incentive Plan [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Percentage of initial target awards | 0.00% | |||
Maximum | Stock options [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 4 years | |||
Share Based Compensation Arrangement By Share Based Payment Award Options Granted Contractual Term | 10 years | |||
Maximum | Restricted Stock [Member] | NBH Holdings Corp. 2014 Omnibus Incentive Plan [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 3 years | |||
Maximum | Performance stock units | NBH Holdings Corp. 2014 Omnibus Incentive Plan [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Percentage of initial target awards | 150.00% |
Stock-based Compensation and 65
Stock-based Compensation and Benefits - (Summary of Option Activity) (Details) - USD ($) $ / shares in Units, $ in Thousands | 6 Months Ended | 12 Months Ended |
Jun. 30, 2016 | Dec. 31, 2015 | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward] | ||
Outstanding Options, beginning | 2,596,251 | |
Granted, Options | 167,163 | |
Forfeited, Options | (21,480) | |
Surrendered, Options | (35,841) | |
Exercised, Options | (842) | |
Expired, Options | (1,499) | |
Outstanding Options, ending | 2,703,752 | 2,596,251 |
Options fully vested and exercisable at end of period, Options | 2,346,123 | |
Options expected to vest, Options | 352,816 | |
Outstanding, Weighted Average Exercise Price, beginning | $ 19.84 | |
Granted, Weighted Average Exercise Price | 19.57 | |
Forfeited, Weighted Average Exercise Price | 18.86 | |
Surrendered, Weighted Average Exercise Price | 20.54 | |
Exercised, Weighted Average Exercise Price | 20.53 | |
Expired, Weighted Average Exercise Price | 19.82 | |
Outstanding, Weighted Average Exercised Price, ending | 19.82 | $ 19.84 |
Options fully vested and exercisable at end of period, Weighted Average Exercise Price | 19.91 | |
Options expected to vest, Weighted Average Exercise Price | $ 19.34 | |
Outstanding, Weighted Average Remaining Contractual Term in Years | 4 years 6 months | 4 years 9 months 7 days |
Options fully vested and exercisable at end of period, weighted average remaining contractual term in years | 3 years 9 months 29 days | |
Options expected to vest, Weighted Average Remaining Contractual Term in Years | 8 years 5 months 23 days | |
Outstanding, Aggregate Intrinsic Value, beginning | $ 3,968 | |
Outstanding, Aggregate Intrinsic Value, ending | 1,433 | $ 3,968 |
Aggregate intrinsic Value of Options fully vested and exercisable at end of period | 364 | |
Options expected to vest, Aggregate Intrinsic Value | $ 1,352 |
Stock-based Compensation and 66
Stock-based Compensation and Benefits - (Summary of Restricted Stock Activity) (Details) | 6 Months Ended |
Jun. 30, 2016$ / sharesshares | |
Restricted Stock [Member] | |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward] | |
Unvested Restricted Shares, Beginning (in shares) | shares | 836,031 |
Unvested Restricted Shares, Vested (in shares) | shares | (68,085) |
Unvested Restricted Shares, Granted (in shares) | shares | 110,685 |
Unvested Restricted Shares, Forfeited (in shares) | shares | (14,747) |
Unvested Restricted Shares, Surrendered (in shares) | shares | (33,466) |
Unvested Restricted Shares, Ending (in shares) | shares | 830,418 |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward] | |
Weighted Average Grant-Date Fair Value, Beginning (in dollars per share) | $ / shares | $ 15.42 |
Weighted Average Grant-Date Fair Value, Vested (in dollars per share) | $ / shares | 18.93 |
Weighted Average Grant-Date Fair Value, Granted (in dollars per share) | $ / shares | 18.92 |
Weighted Average Grant-Date Fair Value, Forfeited (in dollars per share) | $ / shares | 18.86 |
Weighted Average Grant-Date, Fair Value, Surrendered (in dollars per share) | $ / shares | 19.93 |
Weighted Average Grant-Date Fair Value, Ending (in dollars per share) | $ / shares | $ 15.40 |
Performance stock units | |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward] | |
Unvested Restricted Shares, Granted (in shares) | shares | 91,342 |
Unvested Restricted Shares, Forfeited (in shares) | shares | (2,870) |
Unvested Restricted Shares, Ending (in shares) | shares | 88,472 |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward] | |
Weighted Average Grant-Date Fair Value, Granted (in dollars per share) | $ / shares | $ 18.22 |
Weighted Average Grant-Date Fair Value, Forfeited (in dollars per share) | $ / shares | 18.22 |
Weighted Average Grant-Date Fair Value, Ending (in dollars per share) | $ / shares | $ 18.22 |
Warrants (Narrative) (Details)
Warrants (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands | 1 Months Ended | 3 Months Ended | 6 Months Ended | |
Dec. 31, 2015 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | |
Warrants | ||||
Outstanding warrants | 725,750 | 830,750 | 725,750 | 830,750 |
Warrants granted, exercise price per share | $ 20 | $ 20 | $ 20 | $ 20 |
Warrant Reclassification | $ 3,100 | |||
Warrant, contractual term (in years) | 10 years 6 months | |||
Expense (benefit) from the change in fair value of warrant liability or settlement | $ 508 | $ 118 | ||
Minimum | ||||
Warrants | ||||
Expiration dates of the warrants range | Apr. 20, 2020 | |||
Maximum | ||||
Warrants | ||||
Expiration dates of the warrants range | Sep. 23, 2020 |
Common Stock - (Narrative) (Det
Common Stock - (Narrative) (Details) - USD ($) $ in Millions | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2016 | Jun. 30, 2015 | Dec. 31, 2015 | Jan. 21, 2016 | |
Schedule Of Common Stock [Line Items] | ||||
Shares repurchased (shares) | 1,671,923 | 3,894,673 | ||
Remaining authorized amount | $ 23.2 | |||
Shares outstanding | 28,810,883 | 30,358,509 | ||
Common Class A [Member] | ||||
Schedule Of Common Stock [Line Items] | ||||
Shares outstanding | 28,810,883 | 30,358,509 | ||
Restricted issued but not yet vested, shares | 830,418 | 836,031 | ||
New Board Authorized Share Repurchase Program | ||||
Schedule Of Common Stock [Line Items] | ||||
Stock repurchase program, authorized amount | $ 50 |
Income Per Share - (Narrative)
Income Per Share - (Narrative) (Details) - $ / shares | 3 Months Ended | 6 Months Ended | ||
Mar. 31, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | Dec. 31, 2015 | |
Earnings Per Share [Abstract] | ||||
Shares outstanding | 28,810,883 | 35,053,339 | ||
Outstanding stock options to purchase common stock | 2,703,752 | 3,058,821 | 2,596,251 | |
Outstanding stock options to purchase common stock, per share | $ 19.82 | $ 19.86 | $ 19.84 | |
Outstanding warrants | 725,750 | 830,750 | 725,750 | |
Warrants granted, exercise price per share | $ 20 | $ 20 | $ 20 | |
Restricted shares outstanding | 918,890 | 1,043,228 | ||
Dilutive equity awards (shares) | 630 | 276 |
Income Per Share - (Schedule of
Income Per Share - (Schedule of Computation of Basic and Diluted Income Per Share) (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||||
Net income | $ 4,504 | $ (1,341) | $ 4,755 | $ (95) |
Undistributed Earnings (Loss) Allocated to Participating Securities, Basic | (12) | (25) | ||
Income available to common stockholders (numerator) | $ 4,492 | $ (1,341) | $ 4,730 | $ (95) |
Weighted average common shares outstanding (denominator) | 29,215,822 | 36,164,617 | 29,666,570 | 37,091,412 |
Weighted average shares outstanding for diluted earnings per common share | 29,278,759 | 36,164,617 | 29,707,379 | 37,091,412 |
Income per share-basic (in dollars per share) | $ 0.15 | $ (0.04) | $ 0.16 | $ 0 |
Income per share-diluted (in dollars per share) | $ 0.15 | $ (0.04) | $ 0.16 | $ 0 |
Equity Option [Member] | ||||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||||
Dilutive Convertible Securities | 49,461 | 37,643 |
Income Taxes (Details)
Income Taxes (Details) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | |
Income Tax Disclosure [Abstract] | ||||
Income tax rate | 17.90% | 106.60% | 19.80% | 154.60% |
Derivatives - (FV of Derivative
Derivatives - (FV of Derivatives on the Balance Sheet) (Details) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 |
Designated as Hedging Instrument [Member] | ||
Derivative [Line Items] | ||
Asset Derivatives | $ 4 | $ 388 |
Liability Derivatives | 23,440 | 6,232 |
Not Designated as Hedging Instrument [Member] | ||
Derivative [Line Items] | ||
Asset Derivatives | 4,875 | 1,959 |
Liability Derivatives | 4,771 | 2,083 |
Other assets [Member] | Interest rate products [Member] | Designated as Hedging Instrument [Member] | ||
Derivative [Line Items] | ||
Asset Derivatives | 4 | 388 |
Other assets [Member] | Interest rate products [Member] | Not Designated as Hedging Instrument [Member] | ||
Derivative [Line Items] | ||
Asset Derivatives | 4,461 | 1,959 |
Other assets [Member] | Interest Rate Lock Commitments [Member] | Not Designated as Hedging Instrument [Member] | ||
Derivative [Line Items] | ||
Asset Derivatives | 332 | |
Other assets [Member] | Forward loan sales agreement | Not Designated as Hedging Instrument [Member] | ||
Derivative [Line Items] | ||
Asset Derivatives | 82 | |
Other liabilities [Member] | Interest rate products [Member] | Designated as Hedging Instrument [Member] | ||
Derivative [Line Items] | ||
Liability Derivatives | 23,262 | 6,232 |
Other liabilities [Member] | Interest rate products [Member] | Not Designated as Hedging Instrument [Member] | ||
Derivative [Line Items] | ||
Liability Derivatives | 4,771 | $ 2,083 |
Other liabilities [Member] | Forward Contracts [Member] | Designated as Hedging Instrument [Member] | ||
Derivative [Line Items] | ||
Liability Derivatives | $ 178 |
Derivatives - (Narrative) (Deta
Derivatives - (Narrative) (Details) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2016USD ($)item | Jun. 30, 2015USD ($) | Jun. 30, 2016USD ($)item | Jun. 30, 2015USD ($) | Dec. 31, 2015USD ($)item | |
Derivative [Line Items] | |||||
Notional amount | $ 17,500 | $ 17,500 | $ 0 | ||
Gain (loss) related to hedge ineffectiveness | 640 | $ (405) | 1,300 | $ (266) | |
Termination value of derivatives in net liability position | 29,200 | 29,200 | 9,000 | ||
Collateral Already Posted, Aggregate Fair Value | 31,200 | 31,200 | $ 8,200 | ||
Interest Rate Lock Commitments Notional Amount Member | |||||
Derivative [Line Items] | |||||
Notional amount | 16,300 | 16,300 | |||
Forward Loan Sales Commitments Notional Amount Member | |||||
Derivative [Line Items] | |||||
Notional amount | $ 2,400 | $ 2,400 | |||
Designated as Hedging Instrument [Member] | Interest rate swap derivatives [Member] | |||||
Derivative [Line Items] | |||||
Number of interest rate swaps held | item | 37 | 37 | 31 | ||
Notional amount | $ 317,200 | $ 317,200 | $ 273,300 | ||
Not Designated as Hedging Instrument [Member] | Interest rate swap derivatives [Member] | |||||
Derivative [Line Items] | |||||
Number of interest rate swaps held | item | 25 | 25 | 20 | ||
Notional amount | $ 77,700 | $ 77,700 | $ 68,100 |
Derivatives - (Derivatives on t
Derivatives - (Derivatives on the Income Statement) (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | |
Fair Value Hedging [Member] | Designated as Hedging Instrument [Member] | ||||
Derivative [Line Items] | ||||
Amount of gain or (loss) recognized in income on derivatives | $ (6,691) | $ 5,256 | $ (17,592) | $ 3,104 |
Fair Value Hedging [Member] | Not Designated as Hedging Instrument [Member] | ||||
Derivative [Line Items] | ||||
Amount of gain or (loss) recognized in income on derivatives | 325 | 65 | 231 | 26 |
Interest rate products [Member] | Designated as Hedging Instrument [Member] | ||||
Derivative [Line Items] | ||||
Amount of gain or (loss) recognized in income on hedged items | 6,051 | (4,851) | 16,281 | (2,839) |
Interest rate products [Member] | Designated as Hedging Instrument [Member] | Other Non-Interest income [Member] | ||||
Derivative [Line Items] | ||||
Amount of gain or (loss) recognized in income on hedged items | 6,051 | (4,851) | 16,281 | (2,839) |
Interest rate products [Member] | Fair Value Hedging [Member] | Designated as Hedging Instrument [Member] | Other Non-Interest income [Member] | ||||
Derivative [Line Items] | ||||
Amount of gain or (loss) recognized in income on derivatives | (6,513) | 5,256 | (17,414) | 3,104 |
Interest rate products [Member] | Fair Value Hedging [Member] | Not Designated as Hedging Instrument [Member] | Other Non-Interest expense [Member] | ||||
Derivative [Line Items] | ||||
Amount of gain or (loss) recognized in income on derivatives | (89) | $ 65 | (183) | $ 26 |
Forward Contracts [Member] | Fair Value Hedging [Member] | Designated as Hedging Instrument [Member] | Gain on sale of mortgages net [member] | ||||
Derivative [Line Items] | ||||
Amount of gain or (loss) recognized in income on derivatives | (178) | (178) | ||
Interest Rate Lock Commitments [Member] | Fair Value Hedging [Member] | Not Designated as Hedging Instrument [Member] | Other Non-Interest income [Member] | ||||
Derivative [Line Items] | ||||
Amount of gain or (loss) recognized in income on derivatives | 332 | 332 | ||
Forward loan sales agreement | Fair Value Hedging [Member] | Not Designated as Hedging Instrument [Member] | Other Non-Interest income [Member] | ||||
Derivative [Line Items] | ||||
Amount of gain or (loss) recognized in income on derivatives | $ 82 | $ 82 |
Commitments and Contingencies75
Commitments and Contingencies (Narrative) (Details) - USD ($) $ in Millions | Jun. 30, 2016 | Dec. 31, 2015 |
Commitment And Contingencies [Line Items] | ||
Loan commitments | $ 542.7 | $ 627.2 |
Standby Letters of Credit [Member] | ||
Commitment And Contingencies [Line Items] | ||
Standby letters of credit | $ 9.6 | $ 9.8 |
Commitments and Contingencies76
Commitments and Contingencies (Schedule of Total Unfunded Commitments) (Details) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 |
Commitment And Contingencies [Line Items] | ||
Total Unfunded Loan Commitments | $ 552,370 | $ 637,014 |
Credit Card Lines of Credit [Member] | ||
Commitment And Contingencies [Line Items] | ||
Total Unfunded Loan Commitments | 18,418 | |
Unfunded Commitment Line Of Credit [Member] | ||
Commitment And Contingencies [Line Items] | ||
Total Unfunded Loan Commitments | 404,029 | 347,822 |
Commercial And Standby Letters Of Credit [Member] | ||
Commitment And Contingencies [Line Items] | ||
Standby letters of credit | 9,635 | 9,770 |
Commitments To Fund Loans [Member] | ||
Commitment And Contingencies [Line Items] | ||
Total Unfunded Loan Commitments | $ 138,706 | $ 261,004 |
Fair Value Measurements - (Ta77
Fair Value Measurements - (Tables of Financial Instruments Measured At Fair Value on Recurring Basis) (Details) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets at fair value | $ 1,050,926 | $ 1,159,593 |
Total liabilities at fair value | 28,211 | 8,315 |
Other Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets at fair value | 419 | 419 |
Municipal [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets at fair value | 5,192 | 306 |
Mortgage-Backed Securities (MBS) [Member] | Residential Mortgage Pass-Through Securities Issued or Guaranteed by U.S. Government Agencies or Sponsored Enterprises [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets at fair value | 274,242 | 310,978 |
Mortgage-Backed Securities (MBS) [Member] | Other Residential MBS Issued or Guaranteed by U.S. Government Agencies or Sponsored Enterprises [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets at fair value | 766,194 | 845,543 |
Level 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets at fair value | 1,049,787 | 1,158,868 |
Total liabilities at fair value | 28,033 | 8,315 |
Level 2 [Member] | Municipal [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets at fair value | 4,886 | |
Level 2 [Member] | Mortgage-Backed Securities (MBS) [Member] | Residential Mortgage Pass-Through Securities Issued or Guaranteed by U.S. Government Agencies or Sponsored Enterprises [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets at fair value | 274,242 | 310,978 |
Level 2 [Member] | Mortgage-Backed Securities (MBS) [Member] | Other Residential MBS Issued or Guaranteed by U.S. Government Agencies or Sponsored Enterprises [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets at fair value | 766,194 | 845,543 |
Level 3 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets at fair value | 1,139 | 725 |
Total liabilities at fair value | 178 | |
Level 3 [Member] | Other Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets at fair value | 419 | 419 |
Level 3 [Member] | Municipal [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets at fair value | 306 | 306 |
Interest rate swap derivatives [Member] | Derivative [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets at fair value | 4,465 | 2,347 |
Total liabilities at fair value | 28,033 | 8,315 |
Interest rate swap derivatives [Member] | Level 2 [Member] | Derivative [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets at fair value | 4,465 | 2,347 |
Total liabilities at fair value | 28,033 | $ 8,315 |
Mortgage banking derivatives | Derivative [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets at fair value | 414 | |
Total liabilities at fair value | 178 | |
Mortgage banking derivatives | Level 3 [Member] | Derivative [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets at fair value | 414 | |
Total liabilities at fair value | $ 178 |
Fair Value Measurements - (Ta78
Fair Value Measurements - (Table of Changes in Level 3 Financial Instruments) (Details) - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2016 | Jun. 30, 2015 | |
Derivative Financial Instruments Assets and Liabilities [Member] | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Realized gain (loss) included in earnings—net mortgage banking derivatives | $ 236 | |
Net change in Level 3 | 236 | |
Ending Balance | 236 | |
Other Securities [Member] | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Beginning Balance | 419 | 419 |
Net change in Level 3 | ||
Ending Balance | 419 | 419 |
Municipal [Member] | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Beginning Balance | 306 | |
Net change in Level 3 | ||
Ending Balance | $ 306 |
Fair Value Measurements - Addit
Fair Value Measurements - Additional Information (Details) $ in Thousands | 6 Months Ended | |
Jun. 30, 2016USD ($)loan | Jun. 30, 2015USD ($) | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Number of Loans measured | loan | 6 | |
Nonrecurring Loans Reserves | $ 14,900 | |
Additions [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Number of Loans measured | loan | 3 | |
Nonrecurring Loans Reserves | $ 13,200 | |
Nonrecurring Loans Carrying value | $ 28,900 | |
Eliminations [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Number of Loans measured | loan | 5 | |
Nonrecurring Loans Reserves | $ 2,700 | |
Other Real Estate Owned [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Losses from change in fair value | 104 | $ 757 |
Fair value of assets on a non-recurring basis | 23,242 | 20,367 |
Impaired loans [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Losses from change in fair value | 4,019 | 110 |
Fair value of assets on a non-recurring basis | $ 46,815 | 41,241 |
Premise and Equipment [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Losses from change in fair value | 1,089 | |
Fair value of assets on a non-recurring basis | $ 813 |
Fair Value Measurements - (Inpu
Fair Value Measurements - (Inputs Used to Determine Fair Values of Oreo are Considered Level 3 Inputs in Fair Value Hierarchy) (Details) - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2016 | Jun. 30, 2015 | |
Other Real Estate Owned [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair value of assets on a non-recurring basis | $ 23,242 | $ 20,367 |
Losses From Fair Value Changes | (104) | (757) |
Impaired loans [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair value of assets on a non-recurring basis | 46,815 | 41,241 |
Losses From Fair Value Changes | $ (4,019) | (110) |
Premise and Equipment [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair value of assets on a non-recurring basis | 813 | |
Losses From Fair Value Changes | $ (1,089) |
Fair Value Measurements - (Ta81
Fair Value Measurements - (Table of Valuation Techniques and Unobservable Inputs Used in Valuation of Financial Instruments Falling Within Level 3 of Fair Value Hierarchy) (Details) - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2016 | Dec. 31, 2015 | |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Total assets at fair value | $ 1,050,926 | $ 1,159,593 |
Other Securities [Member] | ||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Total assets at fair value | 419 | |
Impaired loans [Member] | ||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Total assets at fair value | 46,815 | |
Municipal [Member] | ||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Total assets at fair value | $ 306 | |
Minimum | Appraised value [Member] | Impaired loans [Member] | ||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Appraised values Discount rate | 0.00% | |
Maximum | Appraised value [Member] | Impaired loans [Member] | ||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Appraised values Discount rate | 25.00% |
Fair Value of Financial Instr82
Fair Value of Financial Instruments - (Schedule of Fair Value of Financial Instruments) (Details) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 | Jun. 30, 2015 | Dec. 31, 2014 |
ASSETS: | ||||
Cash and cash equivalents | $ 147,939 | $ 166,092 | $ 242,441 | $ 256,979 |
Investment securities available-for-sale (at fair value) | 1,046,047 | 1,157,246 | ||
Mortgage-backed securities-residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises held-to-maturity | 381,172 | 427,503 | ||
Non-marketable securities | 12,304 | 22,529 | ||
Loans held-for-sale | 9,690 | 13,292 | ||
LIABILITIES: | ||||
Time deposits | 1,174,098 | 1,193,883 | ||
Securities sold under agreements to repurchase | 126,146 | 136,523 | ||
Federal Home Loan Bank advances | 40,000 | 40,000 | ||
Residential Mortgage Pass-Through Securities Issued or Guaranteed by U.S. Government Agencies or Sponsored Enterprises [Member] | ||||
ASSETS: | ||||
Investment securities available-for-sale (at fair value) | 274,242 | 310,978 | ||
Mortgage-backed securities-residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises held-to-maturity | 302,852 | 340,131 | ||
Other Residential MBS Issued or Guaranteed by U.S. Government Agencies or Sponsored Enterprises [Member] | ||||
ASSETS: | ||||
Investment securities available-for-sale (at fair value) | 766,194 | 845,543 | ||
Mortgage-backed securities-residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises held-to-maturity | 78,320 | 87,372 | ||
Other Securities [Member] | ||||
ASSETS: | ||||
Investment securities available-for-sale (at fair value) | 419 | 419 | ||
Municipal [Member] | ||||
ASSETS: | ||||
Investment securities available-for-sale (at fair value) | 5,192 | |||
Carrying Amount [Member] | Level 1 [Member] | ||||
ASSETS: | ||||
Cash and cash equivalents | 147,939 | 166,092 | ||
Carrying Amount [Member] | Level 2 [Member] | ||||
ASSETS: | ||||
Non-marketable securities | 12,304 | 22,529 | ||
Loans held-for-sale | 9,690 | 13,292 | ||
Accrued interest receivable | 11,509 | 12,190 | ||
LIABILITIES: | ||||
Deposit transaction accounts | 2,626,847 | 2,646,794 | ||
Time deposits | 1,174,098 | 1,193,883 | ||
Securities sold under agreements to repurchase | 126,146 | 136,523 | ||
Federal Home Loan Bank advances | 40,000 | 40,000 | ||
Accrued interest payable | 4,469 | 4,319 | ||
Carrying Amount [Member] | Level 3 [Member] | ||||
ASSETS: | ||||
Loans receivable, net | 2,698,398 | 2,560,554 | ||
Carrying Amount [Member] | Residential Mortgage Pass-Through Securities Issued or Guaranteed by U.S. Government Agencies or Sponsored Enterprises [Member] | Level 2 [Member] | ||||
ASSETS: | ||||
Investment securities available-for-sale (at fair value) | 274,242 | 310,978 | ||
Mortgage-backed securities-residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises held-to-maturity | 302,852 | 340,131 | ||
Carrying Amount [Member] | Other Residential MBS Issued or Guaranteed by U.S. Government Agencies or Sponsored Enterprises [Member] | Level 2 [Member] | ||||
ASSETS: | ||||
Investment securities available-for-sale (at fair value) | 766,194 | 845,543 | ||
Mortgage-backed securities-residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises held-to-maturity | 78,320 | 87,372 | ||
Carrying Amount [Member] | Other Securities [Member] | Level 3 [Member] | ||||
ASSETS: | ||||
Investment securities available-for-sale (at fair value) | 419 | 419 | ||
Estimated Fair Value [Member] | Level 1 [Member] | ||||
ASSETS: | ||||
Cash and cash equivalents | 147,939 | 166,092 | ||
Estimated Fair Value [Member] | Level 2 [Member] | ||||
ASSETS: | ||||
Non-marketable securities | 12,304 | 22,529 | ||
Loans held-for-sale | 9,690 | 13,292 | ||
Accrued interest receivable | 11,509 | 12,190 | ||
LIABILITIES: | ||||
Deposit transaction accounts | 2,626,847 | 2,646,794 | ||
Time deposits | 1,174,828 | 1,182,098 | ||
Securities sold under agreements to repurchase | 126,146 | 136,523 | ||
Federal Home Loan Bank advances | 41,157 | 40,919 | ||
Accrued interest payable | 4,469 | 4,319 | ||
Estimated Fair Value [Member] | Level 3 [Member] | ||||
ASSETS: | ||||
Loans receivable, net | 2,811,598 | 2,613,381 | ||
Estimated Fair Value [Member] | Residential Mortgage Pass-Through Securities Issued or Guaranteed by U.S. Government Agencies or Sponsored Enterprises [Member] | Level 2 [Member] | ||||
ASSETS: | ||||
Investment securities available-for-sale (at fair value) | 274,242 | 310,978 | ||
Mortgage-backed securities-residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises held-to-maturity | 309,598 | 342,812 | ||
Estimated Fair Value [Member] | Other Residential MBS Issued or Guaranteed by U.S. Government Agencies or Sponsored Enterprises [Member] | Level 2 [Member] | ||||
ASSETS: | ||||
Investment securities available-for-sale (at fair value) | 766,194 | 845,543 | ||
Mortgage-backed securities-residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises held-to-maturity | 78,507 | 85,773 | ||
Estimated Fair Value [Member] | Other Securities [Member] | Level 3 [Member] | ||||
ASSETS: | ||||
Investment securities available-for-sale (at fair value) | 419 | 419 | ||
Interest rate swap derivatives [Member] | Carrying Amount [Member] | Level 2 [Member] | ||||
ASSETS: | ||||
Derivative asset | 4,465 | 2,347 | ||
LIABILITIES: | ||||
Derivative liability | 28,033 | 8,315 | ||
Interest rate swap derivatives [Member] | Estimated Fair Value [Member] | Level 2 [Member] | ||||
ASSETS: | ||||
Derivative asset | 4,465 | 2,347 | ||
LIABILITIES: | ||||
Derivative liability | 28,033 | $ 8,315 | ||
Mortgage banking derivatives | Carrying Amount [Member] | Level 3 [Member] | ||||
ASSETS: | ||||
Derivative asset | 414 | |||
LIABILITIES: | ||||
Derivative liability | 178 | |||
Mortgage banking derivatives | Estimated Fair Value [Member] | Level 3 [Member] | ||||
ASSETS: | ||||
Derivative asset | 414 | |||
LIABILITIES: | ||||
Derivative liability | $ 178 |
Fair Value of Financial Instr83
Fair Value of Financial Instruments - (Additional Information) (Details) | 6 Months Ended |
Jun. 30, 2016 | |
Fair Value Of Financial Instruments [Abstract] | |
Residential mortgage loans held for sale period | 45 days |
Subsequent Events (Details)
Subsequent Events (Details) $ in Millions | Aug. 05, 2016USD ($) |
Subsequent Event | |
Subsequent Event [Line Items] | |
Stock Repurchase Program, Authorized Amount | $ 50 |