Document And Entity Information
Document And Entity Information - shares | 3 Months Ended | |
Mar. 31, 2016 | Apr. 30, 2016 | |
Document Information [Line Items] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Mar. 31, 2016 | |
Document Fiscal Year Focus | 2,016 | |
Document Fiscal Period Focus | Q1 | |
Entity Registrant Name | Ameris Bancorp | |
Entity Central Index Key | 351,569 | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Large Accelerated Filer | |
Trading Symbol | ABCB | |
Entity Common Stock, Shares Outstanding | 34,831,329 |
CONSOLIDATED BALANCE SHEETS
CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 | Mar. 31, 2015 |
Assets | |||
Cash and due from banks | $ 146,863 | $ 118,518 | $ 80,142 |
Federal funds sold and interest-bearing accounts | 107,373 | 272,045 | 126,157 |
Investment securities available for sale, at fair value | 837,103 | 783,185 | 610,330 |
Other investments | 12,802 | 9,323 | 8,636 |
Mortgage loans held for sale, at fair value | 97,439 | 111,182 | 73,796 |
Loans, net of unearned income | 2,528,007 | 2,406,877 | 1,999,420 |
Purchased loans not covered by FDIC loss-share agreements (“purchased non-covered loans”) | 1,129,919 | 771,554 | 643,092 |
Purchased loan pools not covered by FDIC loss-share agreements (“purchased loan pools”) | 656,734 | 592,963 | 0 |
Purchased loans covered by FDIC loss-share agreements (“covered loans”) | 130,279 | 137,529 | 245,745 |
Less: allowance for loan losses | (21,482) | (21,062) | (21,852) |
Loans, net | 4,423,457 | 3,887,861 | 2,866,405 |
Other real estate owned, net | 14,967 | 16,147 | 32,339 |
Purchased, non-covered other real estate owned, net | 15,048 | 14,333 | 13,818 |
Covered other real estate owned, net | 3,764 | 5,011 | 16,089 |
Total other real estate owned, net | 33,779 | 35,491 | 62,246 |
Premises and equipment, net | 124,747 | 121,639 | 98,292 |
FDIC loss-share receivable, net | 1,197 | 6,301 | 23,312 |
Other intangible assets, net | 21,892 | 17,058 | 7,591 |
Goodwill | 121,512 | 90,082 | 63,547 |
Cash value of bank owned life insurance | 76,676 | 64,251 | 59,212 |
Other assets | 92,931 | 72,004 | 73,238 |
Total assets | 6,097,771 | 5,588,940 | 4,152,904 |
Liabilities | |||
Noninterest-bearing | 1,529,037 | 1,329,857 | 967,015 |
Interest-bearing | 3,701,750 | 3,549,433 | 2,513,216 |
Total deposits | 5,230,787 | 4,879,290 | 3,480,231 |
Securities sold under agreements to repurchase | 43,741 | 63,585 | 55,520 |
Other borrowings | 110,531 | 39,000 | 43,851 |
Other liabilities | 28,647 | 22,432 | 17,952 |
Subordinated deferrable interest debentures | 83,237 | 69,874 | 65,567 |
Total liabilities | 5,496,943 | 5,074,181 | 3,663,121 |
Stockholders’ Equity | |||
Preferred stock, stated value $1,000; 5,000,000 shares authorized; 0 shares issued and outstanding | 0 | 0 | 0 |
Common stock, par value $1; 100,000,000 shares authorized; 36,272,185; 33,625,162 and 33,592,585 shares issued | 36,272 | 33,625 | 33,593 |
Capital surplus | 407,726 | 337,349 | 335,578 |
Retained earnings | 163,395 | 152,820 | 126,566 |
Accumulated other comprehensive income | 6,411 | 3,353 | 6,353 |
Treasury stock, at cost, 1,434,731; 1,413,777 and 1,410,442 shares | (12,976) | (12,388) | (12,307) |
Total stockholders’ equity | 600,828 | 514,759 | 489,783 |
Total liabilities and stockholders’ equity | $ 6,097,771 | $ 5,588,940 | $ 4,152,904 |
CONSOLIDATED BALANCE SHEETS _Pa
CONSOLIDATED BALANCE SHEETS [Parenthetical] - $ / shares | Mar. 31, 2016 | Dec. 31, 2015 | Mar. 31, 2015 |
Preferred Stock, Par or Stated Value Per Share (in dollars per share) | $ 1,000 | $ 1,000 | $ 1,000 |
Preferred Stock, Shares Authorized | 5,000,000 | 5,000,000 | 5,000,000 |
Preferred Stock, Shares Issued | 0 | 0 | 0 |
Preferred Stock, Shares Outstanding | 0 | 0 | 0 |
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ 1 | $ 1 | $ 1 |
Common Stock, Shares Authorized | 100,000,000 | 100,000,000 | 100,000,000 |
Common Stock, Shares, Issued | 36,272,185 | 33,625,162 | 33,592,585 |
Treasury Stock, Shares | 1,434,731 | 1,413,777 | 1,410,442 |
CONSOLIDATED STATEMENTS OF EARN
CONSOLIDATED STATEMENTS OF EARNINGS AND COMPREHENSIVE INCOME - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Interest income | ||
Interest and fees on loans | $ 49,191 | $ 38,618 |
Interest on taxable securities | 4,583 | 3,153 |
Interest on nontaxable securities | 446 | 469 |
Interest on deposits in other banks and federal funds sold | 336 | 128 |
Total interest income | 54,559 | 42,368 |
Interest expense | ||
Interest on deposits | 2,741 | 2,280 |
Interest on other borrowings | 1,382 | 1,256 |
Total interest expense | 4,123 | 3,536 |
Net interest income | 50,436 | 38,832 |
Provision for loan losses | 681 | 1,069 |
Net interest income after provision for loan losses | 49,755 | 37,763 |
Noninterest income | ||
Service charges on deposit accounts | 9,915 | 6,429 |
Mortgage banking activity | 10,211 | 8,083 |
Other service charges, commissions and fees | 1,111 | 668 |
Gain on sale of securities | 94 | 12 |
Other noninterest income | 2,955 | 2,383 |
Total noninterest income | 24,286 | 17,575 |
Noninterest expense | ||
Salaries and employee benefits | 26,187 | 20,632 |
Occupancy and equipment expense | 5,700 | 4,554 |
Advertising and marketing expense | 805 | 641 |
Amortization of intangible assets | 1,020 | 630 |
Data processing and communications costs | 6,113 | 4,260 |
Credit resolution related expenses | 1,799 | 3,161 |
Merger and conversion charges | 6,359 | 15 |
Other noninterest expenses | 7,617 | 6,934 |
Total noninterest expense | 55,600 | 40,827 |
Income before income tax expense | 18,441 | 14,511 |
Income tax expense | 6,124 | 4,747 |
Net income | 12,317 | 9,764 |
Other comprehensive income | ||
Unrealized holding gains arising during period on investment securities available for sale, net of tax of $2,011 and $350 | 3,734 | 650 |
Reclassification adjustment for gains included in earnings, net of tax of $33 and $4 | (61) | (8) |
Unrealized loss on cash flow hedges arising during period, net of tax of $331 and $208 | (615) | (387) |
Other comprehensive income | 3,058 | 255 |
Total comprehensive income | $ 15,375 | $ 10,019 |
Basic earnings per common share (in dollars per share) | $ 0.38 | $ 0.32 |
Diluted earnings per common share (in dollars per share) | 0.37 | 0.32 |
Dividends declared per common share (in dollars per share) | $ 0.05 | $ 0.05 |
Weighted average common shares outstanding | ||
Basic (in shares) | 32,752 | 30,443 |
Diluted (in shares) | 33,054 | 30,796 |
CONSOLIDATED STATEMENTS OF EAR5
CONSOLIDATED STATEMENTS OF EARNINGS AND COMPREHENSIVE INCOME [Parenthetical] - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Unrealized holding gains arising during period on investment securities available for sale, net of tax | $ 2,011 | $ 350 |
Reclassification adjustment for gains included in earnings, net of tax | 33 | 4 |
Unrealized loss on cash flow hedges arising during period, net of tax | $ 331 | $ 208 |
CONSOLIDATED STATEMENTS OF CHAN
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands | Total | Preferred Stock [Member] | Common Stock [Member] | Capital Surplus [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Income, Net of Tax [Member]Available-for-sale Securities [Member] | Treasury Stock [Member] |
Balance at beginning of period at Dec. 31, 2014 | $ 0 | $ 28,159 | $ 225,015 | $ 118,412 | $ 6,098 | $ (11,656) | |
Balance at beginning of period, shares at Dec. 31, 2014 | 0 | 28,159,027 | (1,385,164) | ||||
Issuance of common shares | $ 5,320 | 109,569 | |||||
Issuance of common shares, shares | 5,320,000 | ||||||
Issuance of restricted shares | $ 71 | (71) | |||||
Issuance of restricted shares, shares | 71,000 | ||||||
Cancellation of restricted shares | $ 0 | 0 | |||||
Cancellation of restricted shares, shares | 0 | ||||||
Exercise of stock options | $ 43 | 685 | |||||
Exercise of stock options, shares | 42,558 | ||||||
Stock-based compensation | 380 | ||||||
Dividends on common shares | (1,610) | ||||||
Purchase of treasury shares | $ (651) | ||||||
Purchase of treasury shares,shares | (25,278) | ||||||
Net income | $ 9,764 | 9,764 | |||||
Other comprehensive income during the period | 255 | 255 | |||||
Balance at end of period at Mar. 31, 2015 | 489,783 | $ 0 | $ 33,593 | 335,578 | 126,566 | 6,353 | $ (12,307) |
Balance at end of period, shares at Mar. 31, 2015 | 0 | 33,592,585 | (1,410,442) | ||||
Balance at beginning of period at Dec. 31, 2015 | 514,759 | $ 0 | $ 33,625 | 337,349 | 152,820 | 3,353 | $ (12,388) |
Balance at beginning of period, shares at Dec. 31, 2015 | 0 | 33,625,162 | (1,413,777) | ||||
Issuance of common shares | $ 2,549 | 69,906 | |||||
Issuance of common shares, shares | 2,549,469 | ||||||
Issuance of restricted shares | $ 97 | (97) | |||||
Issuance of restricted shares, shares | 96,749 | ||||||
Cancellation of restricted shares | $ (3) | 3 | |||||
Cancellation of restricted shares, shares | (3,000) | ||||||
Exercise of stock options | $ 4 | 73 | |||||
Exercise of stock options, shares | 3,805 | ||||||
Stock-based compensation | 492 | ||||||
Dividends on common shares | (1,742) | ||||||
Purchase of treasury shares | $ (588) | ||||||
Purchase of treasury shares,shares | (20,954) | ||||||
Net income | 12,317 | 12,317 | |||||
Other comprehensive income during the period | 3,058 | 3,058 | |||||
Balance at end of period at Mar. 31, 2016 | $ 600,828 | $ 0 | $ 36,272 | $ 407,726 | $ 163,395 | $ 6,411 | $ (12,976) |
Balance at end of period, shares at Mar. 31, 2016 | 0 | 36,272,185 | (1,434,731) |
CONSOLIDATED STATEMENTS OF CHA7
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY [Parenthetical] - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Net issuance cost | $ 0 | $ 4,811 |
CONSOLIDATED STATEMENTS OF CASH
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | Dec. 31, 2015 | |
Cash flows from operating activities: | |||
Net income | $ 12,317 | $ 9,764 | |
Adjustments reconciling net income to net cash provided by operating activities: | |||
Depreciation | 2,723 | 1,938 | |
Amortization of intangible assets | 1,020 | 630 | |
Net amortization of investment securities available for sale | 1,441 | 1,158 | |
Net gains on securities available for sale | (94) | (12) | |
Stock based compensation expense | 492 | 380 | |
Net (gains) losses on sale or disposal of premises and equipment | (77) | 89 | |
Net write-downs and losses on sale of other real estate owned | 1,498 | 1,834 | |
Provision for loan losses | 681 | 1,069 | $ 5,264 |
Accretion of discount on covered loans | (1,487) | (4,466) | |
Accretion of discount on purchased non-covered loans | (2,647) | (3,111) | |
Changes in FDIC loss-share receivable, net of cash payments received | 1,805 | 3,899 | |
Increase in cash surrender value of BOLI | (357) | (345) | |
Originations of mortgage loans held for sale | (266,587) | (186,332) | |
Proceeds from sales of mortgage loans held for sale | 280,022 | 204,173 | |
Net gains on sale of mortgage loans held for sale | (11,405) | (8,619) | |
Originations of SBA loans | (17,134) | (17,185) | |
Proceeds from sales of SBA loans | 13,300 | 8,163 | |
Net gains on sale of SBA loans | (1,086) | (909) | |
Change attributable to other operating activities | (946) | 170 | |
Net cash provided by operating activities | 13,479 | 12,288 | |
Cash flows from investing activities: | |||
Purchase of securities available for sale | (56,168) | (89,811) | |
Proceeds from maturities of securities available for sale | 24,666 | 16,022 | |
Proceeds from sales of securities available for sale | 41,564 | 5,118 | 72,528 |
Decrease in other investments, net | (1,274) | 1,639 | |
Net increase in loans, excluding purchased non-covered and covered loans | (94,916) | (90,716) | |
Purchases of loan pools | (90,369) | 0 | |
Payments received on purchased non-covered loans | 43,807 | 32,920 | |
Payments received on purchased loan pools | 26,598 | 0 | |
Payments received on covered loans | 8,218 | 25,958 | |
Purchases of premises and equipment | (3,694) | (2,999) | |
Proceeds from sales of premises and equipment | 131 | 173 | |
Proceeds from sales of other real estate owned | 4,497 | 9,340 | |
Payments received from FDIC under loss-share agreements | 3,299 | 6,390 | |
Net cash proceeds received (paid) from acquisitions | (7,205) | 0 | |
Net cash used in investing activities | (100,846) | (85,966) | |
Cash flows from financing activities: | |||
Net increase (decrease) in deposits | (49,863) | 49,082 | |
Net decrease in securities sold under agreements to repurchase | (19,844) | (17,790) | |
Proceeds from other borrowings | 23,000 | 0 | |
Repayment of other borrowings | 0 | (35,030) | |
Dividends paid - common stock | (1,742) | (1,610) | |
Purchase of treasury shares | (588) | (651) | |
Issuance of common stock | 0 | 114,889 | |
Proceeds from exercise of stock options | 77 | 728 | |
Net cash provided by (used in) financing activities | (48,960) | 109,618 | |
Net increase (decrease) in cash and cash equivalents | (136,327) | 35,940 | |
Cash and cash equivalents at beginning of period | 390,563 | 170,359 | 170,359 |
Cash and cash equivalents at end of period | 254,236 | 206,299 | $ 390,563 |
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION | |||
Cash paid during the year for: Interest | 4,059 | 3,741 | |
Cash paid during the year for: Income taxes | 804 | 215 | |
Loans (excluding purchased non-covered and covered loans) transferred to other real estate owned | 1,044 | 2,444 | |
Purchased non-covered loans transferred to other real estate owned | 1,243 | 1,094 | |
Covered loans transferred to other real estate owned | 158 | 1,230 | |
Loans provided for the sales of other real estate owned | 585 | 1,573 | |
Change in unrealized gain on securities available for sale | 3,673 | 642 | |
Change in unrealized loss on cash flow hedge (interest rate swap) | (615) | (387) | |
Issuance of common stock in acquisitions | $ 72,456 | $ 0 |
BASIS OF PRESENTATION AND ACCOU
BASIS OF PRESENTATION AND ACCOUNTING POLICIES | 3 Months Ended |
Mar. 31, 2016 | |
Accounting Policies [Abstract] | |
BASIS OF PRESENTATION AND ACCOUNTING POLICIES | NOTE 1 BASIS OF PRESENTATION AND ACCOUNTING POLICIES Ameris Bancorp (the “Company” or “Ameris”) is a financial holding company headquartered in Moultrie, Georgia. Ameris conducts substantially all of its operations through its wholly owned banking subsidiary, Ameris Bank (the “Bank”). At March 31, 2016, the Bank operated 103 branches in select markets in Georgia, Alabama, Florida and South Carolina. Our business model capitalizes on the efficiencies of a large financial services company while still providing the community with the personalized banking service expected by our customers. We manage our Bank through a balance of decentralized management responsibilities and efficient centralized operating systems, products and loan underwriting standards. The Company’s Board of Directors and senior managers establish corporate policy, strategy and administrative policies. Within our established guidelines and policies, the banker closest to the customer responds to the differing needs and demands of his or her unique market. The accompanying unaudited consolidated financial statements for Ameris have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and Regulation S-X. Accordingly, the financial statements do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statement presentation. The interim consolidated financial statements included herein are unaudited but reflect all adjustments (consisting of normal recurring accruals) which, in the opinion of management, are necessary for a fair presentation of the consolidated financial position and results of operations for the interim periods presented. All significant intercompany accounts and transactions have been eliminated in consolidation. The results of operations for the period ended March 31, 2016 are not necessarily indicative of the results to be expected for the full year. These financial statements should be read in conjunction with the financial statements and notes thereto and the report of our registered independent public accounting firm included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2015. ASU 2016-02 Leases (Topic 842) ASU 2015-16 Business Combinations (Topic 805) - Simplifying the Accounting for Measurement-Period Adjustments ASU 2015-03 Interest Imputation of Interest ASU 2015-02 “ Consolidation (Topic 810) - Amendments to the Consolidation Analysis . ASU 2015-01- Income Statement Extraordinary and Unusual Items ASU 2014-09 Revenue from Contracts with Customers |
BUSINESS COMBINATIONS
BUSINESS COMBINATIONS | 3 Months Ended |
Mar. 31, 2016 | |
Business Combinations [Abstract] | |
BUSINESS COMBINATIONS | NOTE 2 BUSINESS COMBINATIONS Jacksonville Bancorp, Inc. On March 11, 2016, the Company completed its acquisition of Jacksonville Bancorp, Inc. (“JAXB”), a bank holding company headquartered in Jacksonville, Florida. Upon consummation of the acquisition, JAXB was merged with and into the Company, with Ameris as the surviving entity in the merger. At that time, JAXB’s wholly owned banking subsidiary, The Jacksonville Bank (“Jacksonville Bank”), was also merged with and into the Bank. The acquisition expanded the Company’s existing market presence, as Jacksonville Bank had a total of eight full-service branches located in Jacksonville and Jacksonville Beach, Duval County, Florida. Under the terms of the merger, JAXB’s common shareholders received 0.5861 shares of Ameris common stock or $16.50 in cash for each share of JAXB common stock or nonvoting common stock they previously held, subject to the total consideration being allocated 75% stock and 25% cash 2,549,469 72.5 23.9 The acquisition of JAXB was accounted for using the acquisition method of accounting in accordance with FASB ASC 805, Business Combinations As Recorded by Fair Value As Recorded (Dollars in Thousands) JAXB Adjustments by Ameris Assets Cash and cash equivalents $ 9,704 $ - $ 9,704 Federal funds sold and interest-bearing balances 7,027 - 7,027 Investment securities 60,836 (942) (a) 59,894 Other investments 2,458 - 2,458 Loans 416,831 (15,746) (b) 401,085 Less allowance for loan losses (12,613) 12,613 (c) - Loans, net 404,218 (3,133) 401,085 Other real estate owned 2,873 (1,035) (d) 1,838 Premises and equipment 4,798 - 4,798 Intangible assets 288 5,566 (e) 5,854 Other assets 14,141 23,266 (f) 37,407 Total assets $ 506,343 $ 23,722 $ 530,065 Liabilities Deposits: Noninterest-bearing $ 123,399 $ - $ 123,399 Interest-bearing 277,539 421 (g) 277,960 Total deposits 400,938 421 401,359 Other borrowings 48,350 84 (h) 48,434 Other liabilities 2,354 - 2,354 Subordinated deferrable interest debentures 16,294 (3,393) (i) 12,901 Total liabilities 467,936 (2,888) 465,048 Net identifiable assets acquired over (under) liabilities assumed 38,407 26,610 65,017 Goodwill - 31,375 31,375 Net assets acquired over (under) liabilities assumed $ 38,407 $ 57,985 $ 96,392 Consideration: Ameris Bancorp common shares issued 2,549,469 Purchase price per share of the Company's common stock $ 28.42 Company common stock issued 72,456 Cash exchanged for shares 23,936 Fair value of total consideration transferred $ 96,392 Explanation of fair value adjustments (a) Adjustment reflects the fair value adjustments of the portfolio of securities available for sale as of the acquisition date. (b) Adjustment reflects the fair value adjustments based on the Company’s evaluation of the acquired loan portfolio, net of the reversal of JAXB remaining fair value adjustments from their prior acquisitions. (c) Adjustment reflects the elimination of JAXB’s allowance for loan losses. (d) Adjustment reflects the fair value adjustment based on the Company’s evaluation of the acquired OREO portfolio, which is based largely on contracted sale prices. (e) Adjustment reflects the recording of core deposit intangible on the acquired core deposit accounts. (f) Adjustment reflects the deferred taxes on the difference in the carrying values of acquired assets and assumed liabilities for financial reporting purposes and their basis for federal income tax purposes and the reversal of JAXB valuation allowance established on their deferred tax assets. (g) Adjustment reflects the fair value adjustments based on the Company’s evaluation of the acquired deposits. (h) Adjustment reflects the fair value adjustments based on the Company’s evaluation of the liability for other borrowings. (i) Adjustment reflects the fair value adjustment to the subordinated deferrable interest debentures at the acquisition date, net of the reversal of JAXB remaining fair value adjustments from their prior acquisitions. Goodwill of $ 31.4 In the acquisition, the Company purchased $ 401.1 15.7 3.78 28.3 Contractually required principal and interest $ 42,314 Non-accretable difference (7,877) Cash flows expected to be collected 34,437 Accretable yield (6,182) Total purchased credit-impaired loans acquired $ 28,255 Best Estimate Gross at Acquisition Contractual Date of Amounts Contractual Fair Value of Receivable at Cash Flows Acquired Loans at Acquisition Not Expected Acquisition Date Date to be Collected (Dollars in Thousands) Acquired receivables subject to ASC 310-30 $ 28,255 $ 42,314 $ 7,877 Acquired receivables not subject to ASC 310-30 $ 372,830 $ 488,346 $ - Branch Acquisition On June 12, 2015, the Company completed its acquisition of 18 20.0 3.00 15 4.0 10.7 The acquisition of the 18 branches was accounted for using the acquisition method of accounting in accordance with FASB ASC 805, Business Combinations Initial Fair Subsequent As Recorded by Value Fair Value As Recorded (Dollars in Thousands) Bank of America Adjustments Adjustments by Ameris Assets Cash and cash equivalents $ 630,220 $ - $ - $ 630,220 Loans 4,363 - (364 )(d) 3,999 Premises and equipment 10,348 1,060 (a) (755 )(e) 10,653 Intangible assets - 7,651 (b) 985 (f) 8,636 Other assets 126 - 126 Total assets $ 645,057 $ 8,711 $ (134) $ 653,634 Liabilities Deposits: Noninterest-bearing $ 149,854 $ - $ - $ 149,854 Interest-bearing 495,110 (215 )(c) - 494,895 Total deposits 644,964 (215) - 644,749 Other liabilities 93 - - 93 Total liabilities 645,057 (215) - 644,842 Net identifiable assets acquired over (under) liabilities assumed - 8,926 (134) 8,792 Goodwill - 11,076 134 11,210 Net assets acquired over (under) liabilities assumed $ - $ 20,002 $ - $ 20,002 Consideration: Cash paid as deposit premium $ 20,002 Fair value of total consideration transferred $ 20,002 Explanation of fair value adjustments (a) Adjustment reflects the fair value adjustments of the premises and equipment as of the acquisition date. (b) Adjustment reflects the recording of core deposit intangible on the acquired core deposit accounts. (c) Adjustment reflects the fair value adjustments based on the Company’s evaluation of the acquired deposits. (d) Adjustment reflects the fair value adjustments based on the Company’s evaluation of the acquired loan portfolio. (e) Adjustment reflects additional recording of fair value adjustment of the premises and equipment. (f) Adjustment reflects additional recording of core deposit intangible on the acquired core deposit accounts. Goodwill of $ 11.2 In the acquisition, the Company purchased $ 4.0 364,000 Merchants & Southern Banks of Florida, Incorporated On May 22, 2015, the Company completed its acquisition of all shares of the outstanding common stock of Merchants & Southern Banks of Florida, Incorporated (“Merchants”), a bank holding company headquartered in Gainesville, Florida, for a total purchase price of $ 50,000,000 13 The acquisition of Merchants was accounted for using the acquisition method of accounting in accordance with FASB ASC 805, Business Combinations Initial Fair Subsequent As Recorded by Value Fair Value As Recorded (Dollars in Thousands) Merchants Adjustments Adjustments by Ameris Assets Cash and cash equivalents $ 7,527 $ - $ - $ 7,527 Federal funds sold and interest-bearing balances 106,188 - - 106,188 Investment securities 164,421 (553 )(a) (639 )(j) 163,229 Other investments 872 - (253 )(k) 619 Loans 199,955 (8,500 )(b) - 191,455 Less allowance for loan losses (3,354) 3,354 (c) - - Loans, net 196,601 (5,146) - 191,455 Other real estate owned 4,082 (1,115 )(d) - 2,967 Premises and equipment 14,614 (3,680 )(e) - 10,934 Intangible assets - 4,577 (f) (634 )(l) 3,943 Other assets 2,333 2,335 (g) (1,109 )(m) 3,559 Total assets $ 496,638 $ (3,582) $ (2,635) $ 490,421 Liabilities Deposits: Noninterest-bearing $ 121,708 $ - $ - $ 121,708 Interest-bearing 286,112 - 41,588 (n) 327,700 Total deposits 407,820 - - 449,408 Federal funds purchased and securities sold under agreements to repurchase 41,588 - (41,588 )(n) - Other liabilities 2,151 81 (h) - 2,232 Subordinated deferrable interest debentures 6,186 (2,680 )(i) - 3,506 Total liabilities 457,745 (2,599) - 455,146 Net identifiable assets acquired over (under) liabilities assumed 38,893 (983) (2,635) 35,275 Goodwill - 12,090 2,635 14,725 Net assets acquired over (under) liabilities assumed $ 38,893 $ 11,107 $ - $ 50,000 Consideration: Cash exchanged for shares $ 50,000 Fair value of total consideration transferred $ 50,000 Explanation of fair value adjustments (a) Adjustment reflects the fair value adjustments of the portfolio of securities available for sale as of the acquisition date. (b) Adjustment reflects the fair value adjustments based on the Company’s evaluation of the acquired loan portfolio. (c) Adjustment reflects the elimination of Merchants’ allowance for loan losses. (d) Adjustment reflects the fair value adjustment based on the Company’s evaluation of the acquired OREO portfolio. (e) Adjustment reflects the fair value adjustment based on the Company’s evaluation of the acquired premises. (f) Adjustment reflects the recording of core deposit intangible on the acquired core deposit accounts. (g) Adjustment reflects the deferred taxes on the difference in the carrying values of acquired assets and assumed liabilities for financial reporting purposes and their basis for federal income tax purposes. (h) Adjustment reflects the fair value adjustments based on the Company’s evaluation of interest rate swap liabilities. (i) Adjustment reflects the fair value adjustment to the subordinated deferrable interest debentures at the acquisition date. (j) Adjustment reflects the additional fair value adjustments of the portfolio of securities available for sale as of the acquisition date. (k) Adjustment reflects the fair value adjustments of other investments as of the acquisition date. (l) Adjustment reflects adjustment to the core deposit intangible on the acquired core deposit accounts. (m) Adjustment reflects the additional deferred taxes on the difference in the carrying values of acquired assets and assumed liabilities for financial reporting purposes and their basis for federal income tax purposes. (n) Subsequent to acquisition, the acquired securities sold under agreements to repurchase were converted to deposit accounts and are no longer reported as securities sold under agreements to repurchase on the Consolidated Balance Sheet as of December 31, 2015. Goodwill of $ 14.7 In the acquisition, the Company purchased $ 191.5 8.5 4.25 11.2 Contractually required principal and interest $ 17,201 Non-accretable difference (2,712) Cash flows expected to be collected 14,489 Accretable yield (3,254) Total purchased credit-impaired loans acquired $ 11,235 Best Estimate Gross at Acquisition Contractual Date of Amounts Contractual Fair Value of Receivable at Cash Flows Acquired Loans at Acquisition Not Expected Acquisition Date Date to be Collected (Dollars in Thousands) Acquired receivables subject to ASC 310-30 $ 11,235 $ 14,086 $ 2,712 Acquired receivables not subject to ASC 310-30 $ 180,220 $ 184,906 $ - The results of operations of JAXB and Merchants subsequent to the respective acquisition dates are included in the Company’s consolidated statements of operations. Three Months Ended March 31, 2016 2015 Net interest income and noninterest income $ 78,798 $ 64,931 Net income $ 13,052 $ 12,195 Income per common share available to common stockholders basic $ 0.38 $ 0.37 Income per common share available to common stockholders diluted $ 0.37 $ 0.37 Average number of shares outstanding, basic 34,741 32,992 Average number of shares outstanding, diluted 35,043 33,345 March 31, December 31, March 31, (Dollars in Thousands) 2016 2015 2015 Balance, January 1 $ 771,554 $ 674,239 $ 674,239 Charge-offs, net of recoveries (317) (991) (244) Additions due to acquisitions 401,085 195,818 - Accretion 2,647 10,590 3,111 Transfers to purchased non-covered other real estate owned (1,243) (4,473) (1,094) Transfer from covered loans due to loss-share expiration - 50,568 - Payments received (43,807) (154,666) (32,920) Other - 469 - Ending balance $ 1,129,919 $ 771,554 $ 643,092 March 31, December 31, March 31, (Dollars in Thousands) 2016 2015 2015 Balance, January 1 $ 24,785 $ 25,716 $ 25,716 Additions due to acquisitions 9,991 5,788 - Accretion (2,647) (10,590) (3,111) Transfer from covered loans due to loss-share expiration - 1,665 - Accretable discounts removed due to charge-offs (11) (1,768) (1,380) Transfers between non-accretable and accretable discounts, net 353 3,974 (996) Ending balance $ 32,471 $ 24,785 $ 20,229 |
INVESTMENT SECURITIES
INVESTMENT SECURITIES | 3 Months Ended |
Mar. 31, 2016 | |
Investments, Debt and Equity Securities [Abstract] | |
INVESTMENT SECURITIES | NOTE 3 INVESTMENT SECURITIES The Company’s investment policy blends the Company’s liquidity needs and interest rate risk management with its desire to increase income and provide funds for expected growth in loans. The investment securities portfolio consists primarily of U.S. government-sponsored mortgage-backed securities and agencies, state, county and municipal securities and corporate debt securities. The Company’s portfolio and investing philosophy concentrate activities in obligations where the credit risk is limited. For the small portion of the Company’s portfolio found to present credit risk, the Company has reviewed the investments and financial performance of the obligors and believes the credit risk to be acceptable. Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value (Dollars in Thousands) March 31, 2016: U.S. government agencies $ 7,592 $ 45 $ (9) $ 7,628 State, county and municipal securities 152,764 4,894 (125) 157,533 Corporate debt securities 8,407 139 (24) 8,522 Mortgage-backed securities 657,764 7,042 (1,386) 663,420 Total debt securities $ 826,527 $ 12,120 $ (1,544) $ 837,103 December 31, 2015: U.S. government agencies $ 14,959 $ - $ (69) $ 14,890 State, county and municipal securities 157,681 4,046 (411) 161,316 Corporate debt securities 5,900 145 (28) 6,017 Mortgage-backed securities 599,721 3,945 (2,704) 600,962 Total debt securities $ 778,261 $ 8,136 $ (3,212) $ 783,185 March 31, 2015: U.S. government agencies $ 14,954 $ 72 $ (42) $ 14,984 State, county and municipal securities 154,499 4,800 (235) 159,064 Corporate debt securities 10,794 193 (52) 10,935 Mortgage-backed securities 420,497 6,185 (1,335) 425,347 Total debt securities $ 600,744 $ 11,250 $ (1,664) $ 610,330 Amortized Fair Cost Value (Dollars in Thousands) Due in one year or less $ 4,028 $ 4,060 Due from one year to five years 52,090 53,677 Due from five to ten years 51,887 53,967 Due after ten years 60,758 61,979 Mortgage-backed securities 657,764 663,420 $ 826,527 $ 837,103 Securities with a carrying value of approximately $ 493.0 551.0 426.6 Less Than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized Description of Securities Value Losses Value Losses Value Losses (Dollars in Thousands) March 31, 2016: U.S. government agencies $ 4,991 $ (9) $ - $ - $ 4,991 $ (9) State, county and municipal securities 5,845 (96) 1,639 (29) 7,484 (125) Corporate debt securities 883 (24) - - 883 (24) Mortgage-backed securities 142,687 (975) 24,762 (411) 167,449 (1,386) Total debt securities $ 154,406 $ (1,104) $ 26,401 $ (440) $ 180,807 $ (1,544) December 31, 2015: U.S. government agencies $ 9,932 $ (27) $ 4,958 $ (42) $ 14,890 $ (69) State, county and municipal securities 19,293 (199) 11,557 (212) 30,850 (411) Corporate debt securities 1,383 (28) - - 1,383 (28) Mortgage-backed securities 263,281 (1,950) 29,950 (754) 293,231 (2,704) Total debt securities $ 293,889 $ (2,204) $ 46,465 $ (1,008) $ 340,354 $ (3,212) March 31, 2015: U.S. government agencies $ - $ - $ 4,958 $ (42) $ 4,958 $ (42) State, county and municipal securities 4,675 (34) 10,579 (201) 15,254 (235) Corporate debt securities 5,007 (52) - - 5,007 (52) Mortgage-backed securities 46,361 (378) 31,483 (957) 77,844 (1,335) Total debt securities $ 56,043 $ (464) $ 47,020 $ (1,200) $ 103,063 $ (1,664) As of March 31, 2016, the Company’s security portfolio consisted of 406 55 At March 31, 2016, the Company held 46 At March 31, 2016, the Company held six state, county and municipal securities, one U.S. government-sponsored agency security, and two corporate securities that were in an unrealized loss position. Because the decline in fair value is attributable to changes in interest rates, and not credit quality, and because the Company does not have the intent to sell these securities and it is likely that it will not be required to sell the securities before their anticipated recovery, the Company does not consider these securities to be other-than-temporarily impaired at March 31, 2016. During the first three months of 2016 and 2015, the Company received timely and current interest and principal payments on all of the securities classified as corporate debt securities. The Company’s investments in subordinated debt include investments in regional and super-regional banks on which the Company prepares regular analysis through review of financial information and credit ratings. Investments in preferred securities are also concentrated in the preferred obligations of regional and super-regional banks through non-pooled investment structures. The Company did not have investments in “pooled” trust preferred securities at March 31, 2016, December 31, 2015 or March 31, 2015. Management and the Company’s Asset and Liability Committee (the “ALCO Committee”) evaluate securities for other-than-temporary impairment at least on a quarterly basis, and more frequently when economic or market conditions warrant such evaluation. While the majority of the unrealized losses on debt securities relate to changes in interest rates, corporate debt securities have also been affected by reduced levels of liquidity and higher risk premiums. Occasionally, management engages independent third parties to evaluate the Company’s position in certain corporate debt securities to aid management and the ALCO Committee in its determination regarding the status of impairment. The Company believes that each investment poses minimal credit risk and further, that the Company does not intend to sell these investment securities at an unrealized loss position at March 31, 2016, and it is more likely than not that the Company will not be required to sell these securities prior to recovery or maturity. Therefore, at March 31, 2016, these investments are not considered impaired on an other-than-temporary basis. At March 31, 2016, December 31, 2015 and March 31, 2015, all of the Company’s mortgage-backed securities were obligations of government-sponsored agencies. March 31, 2016 December 31, 2015 March 31, 2015 (Dollars in Thousands) Gross gains on sales of securities $ 312 $ 396 $ 31 Gross losses on sales of securities (218) (259) (19) Net realized gains on sales of securities available for sale $ 94 $ 137 $ 12 Sales proceeds $ 41,564 $ 72,528 $ 5,118 |
LOANS
LOANS | 3 Months Ended |
Mar. 31, 2016 | |
Receivables [Abstract] | |
LOANS AND ALLOWANCE FOR LOAN LOSSES | NOTE 4 - LOANS The Bank engages in a full complement of lending activities, including real estate-related loans, agriculture-related loans, commercial and financial loans and consumer installment loans within select markets in Georgia, Alabama, Florida and South Carolina. The Bank also purchased loan pools during 2015 and 2016 collateralized by properties located outside our Southeast markets, specifically in California, Washington and Illinois. The Bank concentrates the majority of its lending activities in real estate loans. While risk of loss in the Company’s portfolio is primarily tied to the credit quality of the various borrowers, risk of loss may increase due to factors beyond the Company’s control, such as local, regional and/or national economic downturns. General conditions in the real estate market may also impact the relative risk in the real estate portfolio. A substantial portion of the Bank’s loans are secured by real estate in the Bank’s primary market area. In addition, a substantial portion of the OREO is located in those same markets. Accordingly, the ultimate collectability of a substantial portion of the Bank’s loan portfolio and the recovery of a substantial portion of the carrying amount of OREO are susceptible to changes in real estate conditions in the Bank’s primary market area. Commercial, financial and agricultural loans include both secured and unsecured loans for working capital, expansion, crop production, and other business purposes, including SBA guaranteed loans. Short-term working capital loans are secured by non-real estate collateral such as accounts receivable, crops, inventory and equipment. The Bank evaluates the financial strength, cash flow, management, credit history of the borrower and the quality of the collateral securing the loan. The Bank often requires personal guarantees and secondary sources of repayment on commercial, financial and agricultural loans. Real estate loans include construction and development loans, commercial and farmland loans and residential loans. Construction and development loans include loans for the development of residential neighborhoods, one-to-four family home residential construction loans to builders and consumers, and commercial real estate construction loans, primarily for owner-occupied properties. The Company limits its construction lending risk through adherence to established underwriting procedures. Commercial real estate loans include loans secured by owner-occupied commercial buildings for office, storage, retail, farmland and warehouse space. They also include non-owner occupied commercial buildings such as leased retail and office space. Commercial real estate loans may be larger in size and may involve a greater degree of risk than one-to-four family residential mortgage loans. Payments on such loans are often dependent on successful operation or management of the properties. Residential loans represent permanent mortgage financing and are secured by residential properties located within the Bank's market areas, along with warehouse lines of credit secured by residential mortgages. Consumer installment loans and other loans include automobile loans, boat and recreational vehicle financing, and both secured and unsecured personal loans. Consumer loans carry greater risks than other loans, as the collateral can consist of rapidly depreciating assets such as automobiles and equipment that may not provide an adequate source of repayment of the loan in the case of default. Loans are stated at unpaid balances, net of unearned income and deferred loan fees. March 31, December 31, March 31, (Dollars in Thousands) 2016 2015 2015 Commercial, financial and agricultural $ 434,073 $ 449,623 $ 334,917 Real estate construction and development 264,820 244,693 178,568 Real estate commercial and farmland 1,154,887 1,104,991 947,274 Real estate residential 629,138 570,430 496,043 Consumer installment 31,901 31,125 29,113 Other 13,188 6,015 13,505 $ 2,528,007 $ 2,406,877 $ 1,999,420 Purchased non-covered loans are defined as loans that were acquired in bank acquisitions that are not covered, or are no longer covered, by a loss-sharing agreement with the Federal Deposit Insurance Corporation (“FDIC”). Purchased non-covered loans totaling $ 1.13 771.6 643.1 March 31, December 31, March 31, (Dollars in Thousands) 2016 2015 2015 Commercial, financial and agricultural $ 111,537 $ 45,462 $ 36,258 Real estate construction and development 103,753 72,080 53,668 Real estate commercial and farmland 598,935 390,755 291,760 Real estate residential 309,770 258,153 257,216 Consumer installment 5,924 5,104 4,190 $ 1,129,919 $ 771,554 $ 643,092 Purchased loan pools are defined as groups of loans that were not acquired in bank acquisitions or FDIC-assisted transactions. As of March 31, 2016, purchased loan pools totaled $ 656.7 644.3 12.4 593.0 580.7 12.3 1.3 581,000 Covered loans are defined as loans that were acquired in FDIC-assisted transactions and are still covered by a loss-sharing agreement with the FDIC. Covered loans totaling $ 130.3 137.5 245.7 March 31, December 31, March 31, (Dollars in Thousands) 2016 2015 2015 Commercial, financial and agricultural $ 4,739 $ 5,546 $ 20,905 Real estate construction and development 7,205 7,612 19,519 Real estate commercial and farmland 67,055 71,226 130,290 Real estate residential 51,176 53,038 74,847 Consumer installment 104 107 184 $ 130,279 $ 137,529 $ 245,745 Nonaccrual and Past-Due Loans A loan is placed on nonaccrual status when, in management’s judgment, the collection of the interest income appears doubtful. Interest receivable that has been accrued and is subsequently determined to have doubtful collectability is charged to interest income. Interest on loans that are classified as nonaccrual is subsequently applied to principal until the loans are returned to accrual status. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. Past-due loans are loans whose principal or interest is past due 30 March 31, December 31, March 31, (Dollars in Thousands) 2016 2015 2015 Commercial, financial and agricultural $ 1,266 $ 1,302 $ 1,015 Real estate construction and development 1,776 1,812 3,286 Real estate commercial and farmland 7,067 7,019 7,893 Real estate residential 5,191 6,278 8,246 Consumer installment 400 449 401 $ 15,700 $ 16,860 $ 20,841 March 31, December 31, March 31, (Dollars in Thousands) 2016 2015 2015 Commercial, financial and agricultural $ 660 $ 1,064 $ 198 Real estate construction and development 1,620 1,106 785 Real estate commercial and farmland 10,895 4,920 9,096 Real estate residential 5,925 6,168 7,202 Consumer installment 87 72 27 $ 19,187 $ 13,330 $ 17,308 March 31, December 31, March 31, (Dollars in Thousands) 2016 2015 2015 Commercial, financial and agricultural $ 2,799 $ 2,803 $ 8,404 Real estate construction and development 1,537 1,701 6,262 Real estate commercial and farmland 5,265 5,034 17,000 Real estate residential 3,694 3,663 6,606 Consumer installment 36 37 87 $ 13,331 $ 13,238 $ 38,359 Loans 90 Days or Loans Loans Loans 90 More Past 30-59 60-89 or More Total Due and Days Past Days Days Past Loans Current Total Still Due Past Due Due Past Due Loans Loans Accruing (Dollars in Thousands) As of March 31, 2016: Commercial, financial & agricultural $ 1,161 $ 633 $ 870 $ 2,664 $ 431,409 $ 434,073 $ - Real estate construction & development 793 709 1,476 2,978 261,842 264,820 - Real estate commercial & farmland 1,015 539 6,955 8,509 1,146,378 1,154,887 - Real estate residential 6,078 1,084 4,176 11,338 617,800 629,138 - Consumer installment loans 399 92 291 782 31,119 31,901 - Other - - - - 13,188 13,188 - Total $ 9,446 $ 3,057 $ 13,768 $ 26,271 $ 2,501,736 $ 2,528,007 $ - Loans 90 Days or Loans Loans Loans 90 More Past 30-59 60-89 or More Total Due and Days Past Days Days Past Loans Current Total Still Due Past Due Due Past Due Loans Loans Accruing (Dollars in Thousands) As of December 30, 2015: Commercial, financial & agricultural $ 568 $ 271 $ 835 $ 1,674 $ 447,949 $ 449,623 $ - Real estate construction & development 1,413 261 1,739 3,413 241,280 244,693 - Real estate commercial & farmland 1,781 641 6,912 9,334 1,095,657 1,104,991 - Real estate residential 3,806 2,120 5,121 11,047 559,383 570,430 - Consumer installment loans 374 188 238 800 30,325 31,125 - Other - - - - 6,015 6,015 - Total $ 7,942 $ 3,481 $ 14,845 $ 26,268 $ 2,380,609 $ 2,406,877 $ - Loans 90 Days or Loans Loans Loans 90 More Past 30-59 60-89 or More Total Due and Days Past Days Days Past Loans Current Total Still Due Past Due Due Past Due Loans Loans Accruing (Dollars in Thousands) As of March 31, 2015: Commercial, financial & agricultural $ 1,258 $ 2,821 $ 984 $ 5,063 $ 329,854 $ 334,917 $ - Real estate construction & development 404 240 3,205 3,849 174,719 178,568 - Real estate commercial & farmland 6,398 1,285 7,732 15,415 931,859 947,274 - Real estate residential 4,430 1,879 7,569 13,878 482,165 496,043 - Consumer installment loans 367 136 256 759 28,354 29,113 - Other - - - - 13,505 13,505 - Total $ 12,857 $ 6,361 $ 19,746 $ 38,964 $ 1,960,456 $ 1,999,420 $ - Loans 90 Days or Loans Loans Loans 90 More Past 30-59 60-89 or More Total Due and Days Past Days Days Past Loans Current Total Still Due Past Due Due Past Due Loans Loans Accruing (Dollars in Thousands) As of March 31, 2016: Commercial, financial & agricultural $ 172 $ 73 $ 445 $ 690 $ 110,847 $ 111,537 $ - Real estate construction & development 1,481 32 1,149 2,662 101,091 103,753 - Real estate commercial & farmland 2,204 488 9,126 11,818 587,117 598,935 - Real estate residential 2,951 2,172 4,652 9,775 299,995 309,770 - Consumer installment loans 4 - 66 70 5,854 5,924 - Total $ 6,812 $ 2,765 $ 15,438 $ 25,015 $ 1,104,904 $ 1,129,919 $ - Loans 90 Days or Loans Loans Loans 90 More Past 30-59 60-89 or More Total Due and Days Past Days Days Past Loans Current Total Still Due Past Due Due Past Due Loans Loans Accruing (Dollars in Thousands) As of December 30, 2015: Commercial, financial & agricultural $ 248 $ 13 $ 846 $ 1,107 $ 44,355 $ 45,462 $ - Real estate construction & development 416 687 420 1,523 70,557 72,080 - Real estate commercial & farmland 2,479 1,629 3,347 7,455 383,300 390,755 - Real estate residential 4,965 2,176 4,928 12,069 246,084 258,153 - Consumer installment loans 31 9 70 110 4,994 5,104 - Total $ 8,139 $ 4,514 $ 9,611 $ 22,264 $ 749,290 $ 771,554 $ - Loans 90 Days or Loans Loans Loans 90 More Past 30-59 60-89 or More Total Due and Days Past Days Days Past Loans Current Total Still Due Past Due Due Past Due Loans Loans Accruing (Dollars in Thousands) As of March 31, 2015: Commercial, financial & agricultural $ 216 $ - $ 85 $ 301 $ 35,957 $ 36,258 $ - Real estate construction & development 393 17 766 1,176 52,492 53,668 - Real estate commercial & farmland 1,611 831 8,495 10,937 280,823 291,760 - Real estate residential 3,113 2,454 6,490 12,057 245,159 257,216 - Consumer installment loans 100 - 19 119 4,071 4,190 - Total $ 5,433 $ 3,302 $ 15,855 $ 24,590 $ 618,502 $ 643,092 $ - Loans 90 Days or Loans Loans Loans 90 More Past 30-59 60-89 or More Total Due and Days Past Days Days Past Loans Current Total Still Due Past Due Due Past Due Loans Loans Accruing (Dollars in Thousands) As of March 31, 2016: Commercial, financial & agricultural $ 75 $ - $ 2,757 $ 2,832 $ 1,907 $ 4,739 $ - Real estate construction & development 87 - 1,471 1,558 5,647 7,205 - Real estate commercial & farmland 744 50 2,736 3,530 63,525 67,055 - Real estate residential 1,532 805 2,580 4,917 46,259 51,176 - Consumer installment loans - - 36 36 68 104 - Total $ 2,438 $ 855 $ 9,580 $ 12,873 $ 117,406 $ 130,279 $ - Loans 90 Days or Loans Loans Loans 90 More Past 30-59 60-89 or More Total Due and Days Past Days Days Past Loans Current Total Still Due Past Due Due Past Due Loans Loans Accruing (Dollars in Thousands) As of December 30, 2015: Commercial, financial & agricultural $ - $ - $ 2,802 $ 2,802 $ 2,744 $ 5,546 $ - Real estate construction & development 96 - 1,633 1,729 5,883 7,612 - Real estate commercial & farmland 170 205 3,064 3,439 67,787 71,226 - Real estate residential 2,155 1,001 2,658 5,814 47,224 53,038 - Consumer installment loans - - 37 37 70 107 - Total $ 2,421 $ 1,206 $ 10,194 $ 13,821 $ 123,708 $ 137,529 $ - Loans 90 Days or Loans Loans Loans 90 More Past 30-59 60-89 or More Total Due and Days Past Days Days Past Loans Current Total Still Due Past Due Due Past Due Loans Loans Accruing (Dollars in Thousands) As of March 31, 2015: Commercial, financial & agricultural $ 165 $ 225 $ 1,776 $ 2,166 $ 18,739 $ 20,905 $ - Real estate construction & development 455 - 5,605 6,060 13,459 19,519 - Real estate commercial & farmland 2,364 1,150 11,063 14,577 115,713 130,290 - Real estate residential 2,293 1,019 4,999 8,310 66,536 74,847 - Consumer installment loans - - 87 87 97 184 - Total $ 5,277 $ 2,394 $ 23,530 $ 31,201 $ 214,544 $ 245,745 $ - Impaired Loans Loans are considered impaired when, based on current information and events, it is probable the Company will be unable to collect all amounts due in accordance with the original contractual terms of the loan agreements. Impaired loans include loans on nonaccrual status and accruing troubled debt restructurings. When determining if the Company will be unable to collect all principal and interest payments due in accordance with the contractual terms of the loan agreement, the Company considers the borrower’s capacity to pay, which includes such factors as the borrower’s current financial statements, an analysis of global cash flow sufficient to pay all debt obligations and an evaluation of secondary sources of repayment, such as guarantor support and collateral value. The Company individually assesses for impairment all nonaccrual loans greater than $ 125,000 100,000 As of and For the Period Ended March 31, December 31, March 31, 2016 2015 2015 (Dollars in Thousands) Nonaccrual loans $ 15,700 $ 16,860 $ 20,841 Troubled debt restructurings not included above 14,385 14,418 12,935 Total impaired loans $ 30,085 $ 31,278 $ 33,776 Interest income recognized on impaired loans $ 318 $ 909 $ 168 Foregone interest income on impaired loans $ 242 $ 1,204 $ 109 The following table presents an analysis of information pertaining to impaired loans, excluding purchased non-covered and covered loans as of March 31, 2016, December 31, 2015 and March 31, 2015: Unpaid Recorded Recorded Contractual Investment Investment Total Average Principal With No With Recorded Related Recorded Balance Allowance Allowance Investment Allowance Investment (Dollars in Thousands) As of March 31, 2016: Commercial, financial & agricultural $ 3,150 $ 339 $ 1,206 $ 1,545 $ 408 $ 1,544 Real estate construction & development 3,278 230 2,022 2,252 742 2,428 Real estate commercial & farmland 14,530 5,142 7,870 13,012 874 12,898 Real estate residential 13,976 1,662 11,177 12,839 2,223 13,345 Consumer installment loans 519 - 437 437 7 466 Total $ 35,453 $ 7,373 $ 22,712 $ 30,085 $ 4,254 $ 30,681 Unpaid Recorded Recorded Contractual Investment Investment Total Average Principal With No With Recorded Related Recorded Balance Allowance Allowance Investment Allowance Investment (Dollars in Thousands) As of December 31, 2015: Commercial, financial & agricultural $ 3,062 $ 158 $ 1,385 $ 1,543 $ 135 $ 2,275 Real estate construction & development 3,581 230 2,374 2,604 774 3,228 Real estate commercial & farmland 14,385 6,702 6,083 12,785 1,067 15,105 Real estate residential 15,809 1,621 12,230 13,851 2,224 11,977 Consumer installment loans 592 - 495 495 9 488 Total $ 37,429 $ 8,711 $ 22,567 $ 31,278 $ 4,209 $ 33,073 Unpaid Recorded Recorded Contractual Investment Investment Total Average Principal With No With Recorded Related Recorded Balance Allowance Allowance Investment Allowance Investment (Dollars in Thousands) As of March 31, 2015: Commercial, financial & agricultural $ 2,378 $ 5 $ 1,287 $ 1,292 $ 240 $ 1,627 Real estate construction & development 7,397 274 3,801 4,075 667 4,264 Real estate commercial & farmland 16,980 3,280 11,922 15,202 2,127 14,909 Real estate residential 14,181 1,592 11,166 12,758 1,869 12,833 Consumer installment loans 548 - 449 449 6 491 Total $ 41,484 $ 5,151 $ 28,625 $ 33,776 $ 4,909 $ 34,124 As of and For the Period Ended March 31, December 31, March 31, 2016 2015 2015 (Dollars in Thousands) Nonaccrual loans $ 19,187 $ 13,330 $ 17,308 Troubled debt restructurings not included above 9,193 9,373 1,526 Total impaired loans $ 28,380 $ 22,703 $ 18,834 Interest income recognized on impaired loans $ 357 $ 785 $ 18 Foregone interest income on impaired loans $ 356 $ 1,365 $ 21 The following table presents an analysis of information pertaining to impaired purchased non-covered loans as of March 31, 2016, December 31, 2015 and March 31, 2015: Unpaid Recorded Recorded Contractual Investment Investment Total Average Principal With No With Recorded Related Recorded Balance Allowance Allowance Investment Allowance Investment (Dollars in Thousands) As of March 31, 2016: Commercial, financial & agricultural $ 2,632 $ 236 $ 426 $ 662 $ - $ 864 Real estate construction & development 3,599 892 1,237 2,129 2 1,799 Real estate commercial & farmland 15,358 8,480 8,694 17,174 182 14,154 Real estate residential 9,774 1,648 6,675 8,323 270 8,640 Consumer installment loans 87 92 - 92 - 85 Total $ 31,450 $ 11,348 $ 17,032 $ 28,380 $ 454 $ 25,542 Unpaid Recorded Recorded Contractual Investment Investment Total Average Principal With No With Recorded Related Recorded Balance Allowance Allowance Investment Allowance Investment (Dollars in Thousands) As of December 31, 2015: Commercial, financial & agricultural $ 3,103 $ 1,066 $ - $ 1,066 $ - $ 392 Real estate construction & development 8,987 1,469 - 1,469 - 1,429 Real estate commercial & farmland 14,999 11,134 - 11,134 - 10,806 Real estate residential 14,946 8,957 - 8,957 - 8,067 Consumer installment loans 94 77 - 77 - 65 Total $ 42,129 $ 22,703 $ - $ 22,703 $ - $ 20,759 Unpaid Recorded Recorded Contractual Investment Investment Total Average Principal With No With Recorded Related Recorded Balance Allowance Allowance Investment Allowance Investment (Dollars in Thousands) As of March 31, 2015: Commercial, financial & agricultural $ 1,331 $ 198 $ - $ 198 $ - $ 187 Real estate construction & development 2,153 1,113 - 1,113 - 1,275 Real estate commercial & farmland 13,911 9,816 - 9,816 - 10,202 Real estate residential 12,183 7,679 - 7,679 - 7,435 Consumer installment loans 38 28 - 28 - 50 Total $ 29,616 $ 18,834 $ - $ 18,834 $ - $ 19,148 As of and For the Period Ended March 31, December 31, March 31, 2016 2015 2015 (Dollars in Thousands) Nonaccrual loans $ 13,331 $ 13,238 $ 38,359 Troubled debt restructurings not included above 12,308 13,283 20,721 Total impaired loans $ 25,639 $ 26,521 $ 59,080 Interest income recognized on impaired loans $ 185 $ 886 $ 220 Foregone interest income on impaired loans $ 170 $ 1,596 $ 130 The following table presents an analysis of information pertaining to impaired covered loans as of March 31, 2016, December 31, 2015 and March 31, 2015: Unpaid Recorded Recorded Contractual Investment Investment Total Average Principal With No With Recorded Related Recorded Balance Allowance Allowance Investment Allowance Investment (Dollars in Thousands) As of March 31, 2016: Commercial, financial & agricultural $ 4,842 $ - $ 3,107 $ 3,107 $ 111 $ 2,801 Real estate construction & development 8,347 - 2,354 2,354 84 2,403 Real estate commercial & farmland 10,264 - 6,712 6,712 168 6,789 Real estate residential 15,457 4,167 9,256 13,423 166 14,042 Consumer installment loans 51 43 - 43 - 45 Total $ 38,961 $ 4,210 $ 21,429 $ 25,639 $ 529 $ 26,080 Unpaid Recorded Recorded Contractual Investment Investment Total Average Principal With No With Recorded Related Recorded Balance Allowance Allowance Investment Allowance Investment (Dollars in Thousands) As of December 31, 2015: Commercial, financial & agricultural $ 5,188 $ 2,802 $ - $ 2,802 $ - $ 7,408 Real estate construction & development 15,119 2,480 - 2,480 - 6,906 Real estate commercial & farmland 20,508 7,001 - 7,001 - 18,504 Real estate residential 15,830 14,192 - 14,192 - 16,010 Consumer installment loans 60 46 - 46 - 86 Total $ 56,705 $ 26,521 $ - $ 26,521 $ - $ 48,914 Unpaid Recorded Recorded Contractual Investment Investment Total Average Principal With No With Recorded Related Recorded Balance Allowance Allowance Investment Allowance Investment (Dollars in Thousands) As of March 31, 2015: Commercial, financial & agricultural $ 13,512 $ 8,407 $ - $ 8,407 $ - $ 8,495 Real estate construction & development 24,503 9,080 - 9,080 - 9,859 Real estate commercial & farmland 35,493 23,462 - 23,462 - 22,062 Real estate residential 23,585 18,042 - 18,042 - 18,048 Consumer installment loans 119 89 - 89 - 92 Total $ 97,212 $ 59,080 $ - $ 59,080 $ - $ 58,556 Credit Quality Indicators The Company uses a nine category risk grading system to assign a risk grade to each loan in the portfolio. The following is a description of the general characteristics of the grades: Grade 10 Prime Credit Grade 15 Good Credit Satisfactory Credit Grade 20 Satisfactory Credit Grade 23 Performing, Under-Collateralized Credit 110 Grade 25 Minimum Acceptable Credit Satisfactory Credit Grade 30 Other Asset Especially Mentioned Grade 40 Substandard Grade 50 Doubtful Grade 60 Loss Commercial, Real estate - Real estate - Risk financial & construction & commercial & Real estate - Consumer Grade agricultural development farmland residential installment loans Other Total (Dollars in Thousands) 10 $ 243,355 $ - $ 2,316 $ 1,479 $ 7,053 $ - $ 254,203 15 22,705 4,170 112,167 73,341 1,127 - 213,510 20 90,196 58,014 729,346 434,434 20,872 13,188 1,346,050 23 581 7,414 10,040 6,813 199 - 25,047 25 72,557 188,385 275,297 89,834 1,969 - 628,042 30 1,908 3,829 10,517 5,730 157 - 22,141 40 2,771 3,008 15,204 17,507 523 - 39,013 50 - - - - - - - 60 - - - - 1 - 1 Total $ 434,073 $ 264,820 $ 1,154,887 $ 629,138 $ 31,901 $ 13,188 $ 2,528,007 The following table presents the loan portfolio, excluding purchased non-covered and covered loans, by risk grade as of December 31, 2015: Commercial, Real estate - Real estate - Risk financial & construction & commercial & Real estate - Consumer Grade agricultural development farmland Residential installment loans Other Total (Dollars in Thousands) 10 $ 241,721 $ 294 $ 116 $ 1,606 $ 6,872 $ - $ 250,609 15 28,420 2,074 117,880 78,165 1,191 - 227,730 20 97,142 46,221 685,538 369,624 19,780 6,015 1,224,320 23 559 7,827 13,073 6,112 36 - 27,607 25 77,829 183,512 254,012 91,465 2,595 - 609,413 30 1,492 1,620 13,821 7,347 143 - 24,423 40 2,460 3,145 20,551 16,111 506 - 42,773 50 - - - - - - - 60 - - - - 2 - 2 Total $ 449,623 $ 244,693 $ 1,104,991 $ 570,430 $ 31,125 $ 6,015 $ 2,406,877 The following table presents the loan portfolio, excluding purchased non-covered and covered loans, by risk grade as of March 31, 2015: Commercial, Real estate - Real estate - Risk financial & construction & commercial & Real estate - Consumer Grade agricultural development farmland Residential installment loans Other Total (Dollars in Thousands) 10 $ 147,820 $ 1,751 $ 152 $ 1,727 $ 6,011 $ - $ 157,461 15 24,619 3,504 119,032 57,583 1,191 - 205,929 20 90,407 47,148 541,490 303,463 16,720 13,505 1,012,733 23 981 8,521 11,934 7,141 66 - 28,643 25 60,018 110,570 238,026 100,175 4,222 - 513,011 30 3,911 1,890 11,364 8,007 289 - 25,461 40 7,161 5,184 25,276 17,947 610 - 56,178 50 - - - - 4 - 4 60 - - - - - - - Total $ 334,917 $ 178,568 $ 947,274 $ 496,043 $ 29,113 $ 13,505 $ 1,999,420 Commercial, Real estate - Real estate - Risk financial & construction & commercial & Real estate - Consumer Grade agricultural development farmland residential installment loans Other Total (Dollars in Thousands) 10 $ 9,306 $ - $ - $ 138 $ 1,061 $ - $ 10,505 15 1,206 1,135 9,302 35,904 682 - 48,229 20 20,666 13,477 188,912 119,213 2,211 - 344,479 23 - 4,334 9,773 13,338 - - 27,445 25 73,016 73,700 343,928 115,422 1,772 - 607,838 30 5,308 7,948 25,615 11,613 33 - 50,517 40 2,003 3,159 21,405 14,142 165 - 40,874 50 30 - - - - - 30 60 2 - - - - - 2 Total $ 111,537 $ 103,753 $ 598,935 $ 309,770 $ 5,924 $ - $ 1,129,919 The following table presents the purchased non-covered loan portfolio by risk grade as of December 31, 2015: Commercial, Real estate - Real estate - Risk financial & construction & commercial & Real estate - Consumer Grade agricultural development farmland residential installment loans Other Total (Dollars in Thousands) 10 $ 8,592 $ - $ - $ - $ 1,010 $ - $ 9,602 15 1,186 1,143 10,490 37,808 541 - 51,168 20 10,057 13,678 183,219 128,005 2,031 - 336,990 23 - 438 5,177 6,414 - - 12,029 25 17,565 47,517 162,253 66,166 1,328 - 294,829 30 6,657 4,185 14,297 5,503 51 - 30,693 40 1,373 5,119 15,319 14,257 143 - 36,211 50 30 - - - - - 30 60 2 - - - - - 2 Total $ 45,462 $ 72,080 $ 390,755 $ 258,153 $ 5,104 $ - $ 771,554 The following table presents the purchased non-covered loan portfolio by risk grade as of March 31, 2015: Commercial, Real estate - Real estate - Risk financial & construction & commercial & Real estate - Consumer Grade agricultural development farmland residential installment loans Other Total (Dollars in Thousands) 10 $ 6,696 $ - $ - $ 289 $ 459 $ - $ 7,444 15 995 641 9,396 12,136 472 - 23,640 20 13,751 13,746 115,359 62,056 1,568 - 206,480 23 73 - 3,174 6,777 - - 10,024 25 12,585 31,512 136,581 155,187 1,521 - 337,386 30 958 3,564 9,404 8,332 65 - 22,323 40 1,170 4,205 17,846 12,417 105 - 35,743 50 30 - - 22 - - 52 60 - - - - - - - Total $ 36,258 $ 53,668 $ 291,760 $ 257,216 $ 4,190 $ - $ 643,092 Commercial, Real estate - Real estate - Risk financial & construction & commercial & Real estate - Consumer Grade agricultural development farmland residential installment loans Other Total (Dollars in Thousands) 10 $ - $ - $ - $ - $ - $ - $ - 15 - - - - - - - 20 47 770 10,443 9,635 - - 20,895 23 25 - 1,797 5,024 - - 6,846 25 1,932 3,704 37,276 23,388 11 - 66,311 30 4 823 3,003 4,338 48 - 8,216 40 2,731 1,908 14,536 8,791 45 - 28,011 50 - - - - - - - 60 - - - - - - - Total $ 4,739 $ 7,205 $ 67,055 $ 51,176 $ 104 $ - $ 130,279 The following table presents the covered loan portfolio by risk grade as of December 31, 2015: Commercial, Real estate - Real estate - Risk financial & construction & commercial & Real estate - Consumer Grade agricultural development farmland residential installment loans Other Total (Dollars in Thousands) 10 $ - $ - $ - $ - $ - $ - $ - 15 - - - - - - - 20 93 800 11,698 10,040 - - 23,631 23 52 - 2,957 5,723 - - 8,732 25 2,594 3,907 38,741 24,345 11 - 69,598 30 5 828 2,857 4,552 - - 8,242 40 2,802 2,077 14,973 8,378 96 - 28,326 50 - - - - - - - 60 - - - - - - - Total $ 5,546 $ 7,612 $ 71,226 $ 53,038 $ 107 $ - $ 137,529 The following table presents the covered loan portfolio by risk grade as of March 31, 2015: Commercial, Real estate - Real estate - Risk financial & construction & commercial & Real estate - Consumer Grade agricultural development farmland residential installment loans Other Total (Dollars in Thousands) 10 $ - $ - $ - $ - $ - $ - $ - 15 667 1,847 734 522 - - 3,770 20 75 458 21,010 13,353 51 - 34,947 23 4,481 8,567 6,382 6,130 - - 25,560 25 5,094 2,594 69,536 36,510 37 - 113,771 30 10,588 6,053 4,053 5,893 9 - 26,596 40 - - 28,575 12,439 87 - 41,101 50 - - - - - - - 60 - - - - - - - Total $ 20,905 $ 19,519 $ 130,290 $ 74,847 $ 184 $ - $ 245,745 Troubled Debt Restructurings The restructuring of a loan is considered a “troubled debt restructuring” if both (i) the borrower is experiencing financial difficulties and (ii) the Company has granted a concession. Concessions may include interest rate reductions to below market interest rates, principal forgiveness, restructuring amortization schedules and other actions intended to minimize potential losses. The Company has exhibited the greatest success for rehabilitation of the loan by a reduction in the rate alone (maintaining the amortization of the debt) or a combination of a rate reduction and the forbearance of previously past due interest or principal. This has most typically been evidenced in certain commercial real estate loans whereby a disruption in the borrower’s cash flow resulted in an extended past due status, of which the borrower was unable to catch up completely as the cash flow of the property ultimately stabilized at a level lower than its original level. A reduction in rate, coupled with a forbearance of unpaid principal and/or interest, allowed the net cash flows to service the debt under the modified terms. The Company’s policy requires a restructure request to be supported by a current, well-documented credit evaluation of the borrower’s financial condition and a collateral evaluation that is no older than six months from the date of the restructure. Key factors of that evaluation include the documentation of current, recurring cash flows, support provided by the guarantor(s) and the current valuation of the collateral. If the appraisal in the file is older than six months, an evaluation must be made as to the continued reasonableness of the valuation. For certain income-producing properties, current rent rolls and/or other income information can be utilized to support the appraisal valuation, when coupled with documented cap rates within our markets and a physical inspection of the collateral to validate the current condition. The Company’s policy states that in the event a loan has been identified as a troubled debt restructuring, it should be assigned a grade of substandard and placed on nonaccrual status until such time the borrower has demonstrated the ability to service the loan payments based on the restructured terms generally defined as six months of satisfactory payment history. Missed payments under the original loan terms are not considered under the new structure; however, subsequent missed payments are considered non-performance and are not considered toward the six month required term of satisfactory payment history. The Company’s loan policy states that a nonaccrual loan may be returned to accrual status when (i) none of its principal and interest is due and unpaid, and the Company expects repayment of the remaining contractual principal and interest or (ii) it otherwise becomes well secured and in the process of collection. Restoration to accrual status on any given loan must be supported by a well-documented credit evaluation of the borrower’s financial condition and the prospects for full repayment, approved by the Company’s Chief Credit Officer. In the normal course of business, the Company renews loans with a modification of the interest rate or terms that are not deemed as troubled debt restructurings because the borrower is not experiencing financial difficulty. The Company modified loans in the first three months of 2016 and 2015 totaling $ 36.8 32.0 As of March 31, 2016, December 31, 2015 and March 31, 2015, the Company had a balance of $17.5 million, $16.4 million and $13.9 million, respectively, in troubled debt restructurings, excluding purchased non-covered and covered loans. The Company has recorded $ 1.2 1.3 1.6 2.7 2.7 1.6 During the three months ending March 31, 2016 and 2015, the Company modified loans as troubled debt restructurings, excluding purchased non-covered and covered loans, with principal balances of $ 1.7 2.7 March 31, 2016 March 31, 2015 Balance Balance Loan class: # (in thousands) # (in thousands) Commercial, financial & agricultural 1 $ 12 - $ - Real estate construction & development - - - - Real estate commercial & farmland 2 1,605 2 2,015 Real estate residential 1 60 7 666 Consumer installment - - 3 17 Total 4 $ 1,676 12 $ 2,698 Troubled debt restructurings, excluding purchased non-covered and covered loans, with an outstanding balance of $ 793,000 1.5 March 31, 2016 March 31, 2015 Balance Balance Loan class: # (in thousands) # (in thousands) Commercial, financial & agricultural 2 $ 7 1 $ 5 Real estate construction & development 1 18 - - Real estate commercial & farmland 1 194 3 746 Real estate residential 9 563 6 748 Consumer installment 1 11 4 20 Total 14 $ 793 14 $ 1,519 As of March 31, 2016 Accruing Loans Non-Accruing Loans Balance Balance Loan class: # (in thousands) # (in thousands) Commercial, financial & agricultural 5 $ 279 10 $ 75 Real estate construction & development 9 476 2 30 |
ASSETS ACQUIRED IN FDIC-ASSISTE
ASSETS ACQUIRED IN FDIC-ASSISTED ACQUISITIONS | 3 Months Ended |
Mar. 31, 2016 | |
Banking and Thrift [Abstract] | |
ASSETS ACQUIRED IN FDIC-ASSISTED ACQUISITIONS | NOTE 5 ASSETS ACQUIRED IN FDIC-ASSISTED ACQUISITIONS Bank Acquired Location Branches Date Acquired American United Bank (“AUB”) Lawrenceville, Ga. 1 October 23, 2009 United Security Bank (“USB”) Sparta, Ga. 2 November 6, 2009 Satilla Community Bank (“SCB”) St. Marys, Ga. 1 May 14, 2010 First Bank of Jacksonville (“FBJ”) Jacksonville, Fl. 2 October 22, 2010 Tifton Banking Company (“TBC”) Tifton, Ga. 1 November 12, 2010 Darby Bank & Trust (“DBT”) Vidalia, Ga. 7 November 12, 2010 High Trust Bank (“HTB”) Stockbridge, Ga. 2 July 15, 2011 One Georgia Bank (“OGB”) Midtown Atlanta, Ga. 1 July 15, 2011 Central Bank of Georgia (“CBG”) Ellaville, Ga. 5 February 24, 2012 Montgomery Bank & Trust (“MBT”) Ailey, Ga. 2 July 6, 2012 The determination of the initial fair values of loans at the acquisition date and the initial fair values of the related FDIC indemnification assets involves a high degree of judgment and complexity. The carrying values of the acquired loans and the FDIC indemnification assets reflect management’s best estimate of the fair value of each of these assets as of the date of acquisition. However, the amount that the Company realizes on these assets could differ materially from the carrying values reflected in the financial statements included in this report, based upon the timing and amount of collections on the acquired loans in future periods. Because of the loss-sharing agreements with the FDIC on these assets, the Company does not expect to incur any significant losses. To the extent the actual values realized for the acquired loans are different from the estimates, the indemnification assets will generally be affected in an offsetting manner due to the loss-sharing support from the FDIC. FASB ASC 310 30, Loans and Debt Securities Acquired with Deteriorated Credit Quality Each acquisition with loss-sharing agreements has separate agreements for the single family residential assets (“SFR”) and the non-single family assets (“NSF”). The SFR agreements cover losses and recoveries for ten years. The NSF agreements are for eight years. During the first five years, losses and recoveries are covered. During the final three years, only recoveries, net of expenses, are covered. The AUB SFR agreement was terminated during 2012 and Ameris received a payment of $ 87,000 At March 31, 2016, the Company’s FDIC loss-sharing receivable totaled $ 1.2 5.1 4.4 Covered loans Less: Fair Total OREO Less: Fair Total Total FDIC loss-share As of March 31, 2016: AUB $ - $ - $ - $ - $ - $ - $ - $ 261 USB 3,561 (14) 3,547 - - - 3,547 (1,590) SCB 5,187 (87) 5,100 - - - 5,100 138 FBJ 4,498 (541) 3,957 68 - 68 4,025 (20) DBT 15,147 (1,000) 14,147 - - - 14,147 (3,451) TBC 2,027 (10) 2,017 - - - 2,017 94 HTB 43,996 (3,750) 40,246 1,451 (328) 1,123 41,369 3,079 OGB 22,512 (1,249) 21,263 136 - 136 21,399 556 CBG 42,895 (2,893) 40,002 2,602 (165) 2,437 42,439 2,130 Total $ 139,823 $ (9,544) $ 130,279 $ 4,257 $ (493) $ 3,764 $ 134,043 $ 1,197 Covered loans Less: Fair Total OREO Less: Fair Total Total FDIC loss-share As of December 31, 2015: AUB $ - $ - $ - $ - $ - $ - $ - $ 111 USB 3,639 16 3,623 165 - 165 3,788 (1,424) SCB 5,228 124 5,104 - - - 5,104 149 FBJ 4,782 562 4,220 41 - 41 4,261 252 DBT 15,934 1,131 14,803 - - - 14,803 (1,084) TBC 2,159 11 2,148 - - - 2,148 1,446 HTB 44,405 3,881 40,524 2,433 643 1,790 42,314 3,875 OGB 27,561 1,900 25,661 160 - 160 25,821 913 CBG 44,865 3,419 41,446 3,139 284 2,855 44,301 2,063 Total $ 148,573 $ 11,044 $ 137,529 $ 5,938 $ 927 $ 5,011 $ 142,540 $ 6,301 Covered loans Less: Fair Total OREO Less: Fair Total Total FDIC loss-share As of March 31, 2015: AUB $ - $ - $ - $ - $ - $ - $ - $ 248 USB 4,031 19 4,012 165 - 165 4,177 (1,216) SCB 23,803 512 23,291 2,474 389 2,085 25,376 2,093 FBJ 19,409 1,539 17,870 427 56 371 18,241 1,366 DBT 53,832 4,740 49,092 5,716 381 5,335 54,427 3,576 TBC 21,068 570 20,498 1,698 162 1,536 22,034 1,545 HTB 48,384 4,331 44,053 2,885 938 1,947 46,000 7,069 OGB 38,699 2,409 36,290 1,435 39 1,396 37,686 2,748 CBG 56,262 5,623 50,639 3,731 477 3,254 53,893 5,883 Total $ 265,488 $ 19,743 $ 245,745 $ 18,531 $ 2,442 $ 16,089 $ 261,834 $ 23,312 (Dollars in Thousands) March 31, December 31, March 31, Balance, January 1 $ 137,529 $ 271,279 $ 271,279 Charge-offs (361) (5,558) (2,812) Accretion 1,487 9,658 4,466 Transfer to covered other real estate owned (158) (7,910) (1,230) Transfer to purchased, non-covered loans due to loss-share expiration - (50,568) - Payments received (8,218) (79,372) (25,958) Ending balance $ 130,279 $ 137,529 $ 245,745 (Dollars in Thousands) March 31, December 31, March 31, Balance, January 1 $ 9,063 $ 15,578 $ 15,578 Accretion (1,487) (9,658) (4,466) Transfer to purchased, non-covered loans due to loss-share expiration - (1,665) - Transfers between non-accretable and accretable discounts, net 366 4,808 1,853 Ending balance $ 7,942 $ 9,063 $ 12,965 The shared-loss agreements are subject to the servicing procedures as specified in the agreement with the FDIC. The expected reimbursements under the shared-loss agreements were recorded as an indemnification asset at their estimated fair values on the acquisition dates. As of March 31, 2016, December 31, 2015 and March 31, 2015, the Company has recorded a clawback liability of $8.3 million, $8.2 million and $6.8 million, respectively, which represents the obligation of the Company to reimburse the FDIC should actual losses be less than certain thresholds established in each loss-share agreement. (Dollars in Thousands) March 31, December 31, March 31, Beginning balance, January 1 $ 6,301 $ 31,351 $ 31,351 Payments received from FDIC (3,299) (19,273) (6,390) Amortization, net (1,545) (8,878) (3,666) Change in clawback liability (91) (2,008) (569) Increase in receivable due to: Charge-offs on covered loans (673) 416 1,602 Write downs of covered other real estate 581 4,752 804 Reimbursable expenses on covered assets 244 2,582 651 Other activity, net (321) (2,641) (471) Ending balance $ 1,197 $ 6,301 $ 23,312 |
OTHER REAL ESTATE OWNED
OTHER REAL ESTATE OWNED | 3 Months Ended |
Mar. 31, 2016 | |
Banking and Thrift [Abstract] | |
OTHER REAL ESTATE OWNED | NOTE 6. OTHER REAL ESTATE OWNED The following is a summary of the activity in other real estate owned during the three months ended March 31, 2016, the year ended December 31, 2015 and the three months ended March 31, 2015: (Dollars in Thousands) March 31, December 31, March 31, Beginning balance, January 1 $ 16,147 $ 33,160 $ 33,160 Loans transferred to other real estate owned 1,044 11,261 2,444 Net gains (losses) on sale and write-downs (736) (9,971) (958) Sales proceeds (1,488) (18,303) (2,307) Ending balance $ 14,967 $ 16,147 $ 32,339 The following is a summary of the activity in purchased, non-covered other real estate owned during the three months ended March 31, 2016, the year ended December 31, 2015 and the three months ended March 31, 2015: (Dollars in Thousands) March 31, December 31, March 31, Beginning balance, January 1 $ 14,333 $ 15,585 $ 15,585 Loans transferred to other real estate owned 1,243 4,473 1,094 Acquired in acquisitions 1,838 2,160 - Transfer from covered other real estate owned due to loss-share expiration - 3,148 - Net gains (losses) on sale and write-downs 58 201 129 Sales proceeds (2,424) (11,234) (2,990) Ending balance $ 15,048 $ 14,333 $ 13,818 The following is a summary of the activity in covered other real estate owned during the three months ended March 31, 2016, the year ended December 31, 2015 and the three months ended March 31, 2015: (Dollars in Thousands) March 31, December 31, March 31, Beginning balance, January 1 $ 5,011 $ 19,907 $ 19,907 Loans transferred to other real estate owned 158 7,910 1,230 Transfer from covered other real estate owned due to loss-share expiration - (3,148) - Net gains (losses) on sale and write-downs (821) (5,926) (1,005) Sales proceeds (584) (13,732) (4,043) Ending balance $ 3,764 $ 5,011 $ 16,089 |
WEIGHTED AVERAGE SHARES OUTSTAN
WEIGHTED AVERAGE SHARES OUTSTANDING | 3 Months Ended |
Mar. 31, 2016 | |
Earnings Per Share [Abstract] | |
WEIGHTED AVERAGE SHARES OUTSTANDING | NOTE 7 WEIGHTED AVERAGE SHARES OUTSTANDING Earnings per share have been computed based on the following weighted average number of common shares outstanding: For the Three 2016 2015 (share data in Basic average shares outstanding 32,752 30,443 Plus: Dilutive effect of ISOs 114 124 Plus: Dilutive effect of Restricted Share Grants 188 229 Diluted average shares outstanding 33,054 30,796 The Company has not excluded any potential common shares at March 31, 2016 and March 31, 2015. |
SECURITIES SOLD UNDER AGREEMENT
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE | 3 Months Ended |
Mar. 31, 2016 | |
Brokers and Dealers [Abstract] | |
SECURITIES SOLD UNDER REPURCHASE AGREEMENTS | NOTE 8 SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE The Company classifies the sales of securities under agreements to repurchase as short-term borrowings. The amounts received under these agreements are reflected as a liability in the Company’s consolidated balance sheets and the securities underlying these agreements are included in investment securities in the Company’s consolidated balance sheets. At March 31, 2016, December 31, 2015 and March 31, 2015, all securities sold under agreements to repurchase mature on a daily basis. The market value of the securities fluctuate on a daily basis due to market conditions. The Company monitors the market value of the securities underlying these agreements on a daily basis and is required to transfer additional securities if the market value of the securities fall below the repurchase agreement price. The Company maintains an unpledged securities portfolio that it believes is sufficient to protect against a decline in the market value of the securities sold under agreements to repurchase. (Dollars in Thousands) March 31, December 31, March 31, Securities sold under agreements to repurchase $ 43,741 $ 63,585 $ 55,520 At March 31, 2016, December 31, 2015 and March 31, 2015, the investment securities underlying these agreements were all mortgage-backed securities. |
OTHER BORROWINGS
OTHER BORROWINGS | 3 Months Ended |
Mar. 31, 2016 | |
Debt Disclosure [Abstract] | |
OTHER BORROWINGS | NOTE 9 OTHER BORROWINGS The Company has, from time to time, utilized certain borrowing arrangements with various financial institutions to fund growth in earning assets or provide additional liquidity when appropriate spreads can be realized. At March 31, 2016, December 31, 2015 and March 31, 2015, there were $110.5 million, $39.0 million and $43.9 million, respectively, outstanding borrowings with the Company’s correspondent banks. (Dollars in Thousands) March 31, December 31, March 31, Daily Rate Credit from Federal Home Loan Bank with a fixed interest rate of 0.51% $ 47,000 $ - $ - Advance from Federal Home Loan Bank with a fixed interest rate of 2.81%, due July 15, 2016 $ 2,518 $ - $ - Advance from Federal Home Loan Bank with a fixed interest rate of 1.40%, due January 9, 2017 $ 4,020 $ - $ - Advance from Federal Home Loan Bank with a fixed interest rate of 1.23%, due May 30, 2017 $ 5,017 $ - $ - Advances under revolving credit agreement with a regional bank with interest at 90-day LIBOR plus 3.50% (3.78% at March 31, 2016, 3.92% at December 31, 2015 and 3.73% at March 31, 2015) due in August 2017, secured by subsidiary bank stock 36,000 24,000 24,000 Advances under revolving credit agreement with a regional bank with a fixed interest rate of 8.00% due January 2017 879 - - Advance from correspondent bank with a fixed interest rate of 4.50%, due November 27, 2017, secured by subsidiary bank loan receivable - - 4,851 Advance from correspondent bank with a fixed interest rate of 4.25%, due October 15, 2019, secured by subsidiary bank loan receivable 97 - - Subordinated debt issued by The Prosperity Banking Company due September 2016 with an interest rate of 90-day LIBOR plus 1.75% (2.38% at March 31, 2016, 2.28% at December 31, 2015 and 2.02% at March 31, 2015) 15,000 15,000 15,000 Total $ 110,531 $ 39,000 $ 43,851 The advances from the Federal Home Loan Bank (“FHLB”) are collateralized by a blanket lien on all first mortgage loans and other specific loans in addition to FHLB stock. At March 31, 2016, $309.4 million was available for borrowing on lines with the FHLB. As of March 31, 2016, the Company maintained credit arrangements with various financial institutions to purchase federal funds up to $55 million. At March 31, 2016, $4.0 million was available for borrowing under the revolving credit agreement with a regional bank, secured by subsidiary bank stock. The Company also participates in the Federal Reserve discount window borrowings. At March 31, 2016, the Company had $677.4 million of loans pledged at the Federal Reserve discount window and had $432.0 million available for borrowing. |
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES | 3 Months Ended |
Mar. 31, 2016 | |
Commitments and Contingencies Disclosure [Abstract] | |
COMMITMENTS AND CONTINGENT LIABILITIES | NOTE 10 COMMITMENTS AND CONTINGENCIES Loan Commitments The Company is a party to financial instruments with off-balance-sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit and standby letters of credit. They involve, to varying degrees, elements of credit risk and interest rate risk in excess of the amount recognized in the balance sheets. The Company’s exposure to credit loss is represented by the contractual amount of those instruments. The Company uses the same credit policies in making commitments and conditional obligations as it does for on-balance-sheet instruments. A summary of the Company’s commitments is as follows: (Dollars in Thousands) March 31, December 31, March 31, Commitments to extend credit $ 604,133 $ 548,898 $ 328,191 Unused lines of credit $ 52,814 $ 52,798 $ 143,962 Financial standby letters of credit $ 81,599 $ 14,712 $ 10,548 Mortgage interest rate lock commitments $ 135,250 $ 77,710 $ 91,482 Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The amount of collateral obtained, if deemed necessary by the Company upon extension of credit, is based on management’s credit evaluation of the customer. Standby letters of credit are conditional commitments issued by the Company to guarantee the performance of a customer to a third party. Those guarantees are primarily issued to support public and private borrowing arrangements. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loans to customers. Collateral is required in instances which the Company deems necessary. Contingencies Certain conditions may exist as of the date the financial statements are issued, which may result in a loss to the Company but which will only be resolved when one or more future events occur or fail to occur. The Company’s management and its legal counsel assess such contingent liabilities, and such assessment inherently involves an exercise of judgment. In assessing loss contingencies related to legal proceedings that are pending against the Company or unasserted claims that may result in such proceedings, the Company’s legal counsel evaluates the perceived merits of any legal proceedings or unasserted claims as well as the perceived merits of the amount of relief sought or expected to be sought therein. If the assessment of a contingency indicates that it is probable that a material loss has been incurred and the amount of the liability can be estimated, then the estimated liability would be accrued in the Company’s financial statements. If the assessment indicates that a potentially material loss contingency is not probable, but is reasonably possible, or is probable but cannot be estimated, then the nature of the contingent liability, together with an estimate of the range of possible loss if determinable and material, would be disclosed. Loss contingencies considered remote are generally not disclosed unless they involve guarantees, in which case the nature of the guarantee would be disclosed. A former borrower of the Company has filed a claim related to a loan previously made by the Company asserting lender liability. The case was tried without a jury and an order was issued by the court against the Company awarding the borrower approximately $ 2.9 |
ACCUMULATED OTHER COMPREHENSIVE
ACCUMULATED OTHER COMPREHENSIVE INCOME | 3 Months Ended |
Mar. 31, 2016 | |
Equity [Abstract] | |
ACCUMULATED OTHER COMPREHENSIVE INCOME | NOTE 11 ACCUMULATED OTHER COMPREHENSIVE INCOME Accumulated other comprehensive income for the Company consists of changes in net unrealized gains and losses on investment securities available for sale and interest rate swap derivatives. The following tables present a summary of the accumulated other comprehensive income balances, net of tax, as of March 31, 2016 and 2015. (Dollars in Thousands) Unrealized Gain (Loss) Unrealized Gain (Loss) Accumulated Other Balance, January 1, 2016 $ 152 $ 3,201 $ 3,353 Reclassification for gains included in net income, net of tax - (61) (61) Current year changes, net of tax (615) 3,734 3,119 Balance, March 31, 2016 $ (463) $ 6,874 $ 6,411 (Dollars in Thousands) Unrealized Gain (Loss) Unrealized Gain (Loss) Accumulated Other Balance, January 1, 2015 $ 508 $ 5,590 $ 6,098 Reclassification for gains included in net income, net of tax - (8) (8) Current year changes, net of tax (387) 650 263 Balance, March 31, 2015 $ 121 $ 6,232 $ 6,353 |
FAIR VALUE OF FINANCIAL INSTRUM
FAIR VALUE OF FINANCIAL INSTRUMENTS | 3 Months Ended |
Mar. 31, 2016 | |
Fair Value Disclosures [Abstract] | |
FAIR VALUE OF FINANCIAL INSTRUMENTS | NOTE 12 FAIR VALUE OF FINANCIAL INSTRUMENTS The fair value of a financial instrument is the current amount that would be exchanged between willing parties, other than in a forced liquidation. Fair value is best determined based upon quoted market prices. 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 value is based on discounted cash flows or other valuation techniques. These techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. Accordingly, the fair value estimates may not be realized in an immediate settlement of the instrument. The accounting standard for disclosures about the fair value of financial instruments excludes certain financial instruments and all nonfinancial instruments from its disclosure requirements. Accordingly, the aggregate fair value amounts presented may not necessarily represent the underlying fair value of the Company. The Company has elected to record mortgage loans held-for-sale at fair value in order to eliminate the complexities and inherent difficulties of achieving hedge accounting and to better align reported results with the underlying economic changes in value of the loans and related hedge instruments. This election impacts the timing and recognition of origination fees and costs, as well as servicing value, which are now recognized in earnings at the time of origination. Interest income on mortgage loans held-for-sale is recorded on an accrual basis in the consolidated statement of earnings and comprehensive income under the heading “Interest income interest and fees on loans”. The servicing value is included in the fair value of the interest rate lock commitments (“IRLCs”) with borrowers. The mark to market adjustments related to loans held-for-sale and the associated economic hedges are captured in mortgage banking activities. Net gains of $ 3.0 2.6 March 31, December 31, March 31, (Dollars in Thousands) Aggregate Fair Value of Mortgage Loans held for sale $ 97,439 $ 111,182 $ 73,796 Aggregate Unpaid Principal Balance $ 94,346 $ 107,652 $ 70,905 Past-due loans of 90 days or more $ - $ - $ - Nonaccrual loans $ - $ - $ - The Company utilizes fair value measurements to record fair value adjustments to certain assets and liabilities and to determine fair value disclosures. Securities available for sale and derivatives are recorded at fair value on a recurring basis. From time to time, the Company may be required to record at fair value other assets on a nonrecurring basis, such as impaired loans and OREO. Additionally, the Company is required to disclose, but not record, the fair value of other financial instruments. Fair Value Hierarchy The Company groups assets and liabilities at fair value in three levels, based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value. These levels are: Level 1 - Level 2 - Level 3 - The following methods and assumptions were used by the Company in estimating the fair value of its financial instruments: Cash and Due From Banks, Federal Funds Sold and Interest-Bearing Accounts: Investment Securities Available for Sale: Other Investments: Mortgage Loans Held for Sale: Loans: Accounting by Creditors for Impairment of a Loan Other Real Estate Owned: Covered Other Real Estate Owned: Intangible Assets and Goodwill: FDIC Loss-Share Receivable: Accrued Interest Receivable/Payable: Cash Value of Bank Owned Life Insurance: Deposits: Securities Sold under Agreements to Repurchase and Other Borrowings: Subordinated Deferrable Interest Debentures: Off-Balance-Sheet Instruments: Derivatives: The Company incorporates credit valuation adjustments to appropriately reflect both its own nonperformance risk and the respective counterparty’s nonperformance risk in the fair value measurements. In adjusting the fair value of its derivative contracts for the effect of nonperformance risk, the Company has considered the impact of netting any applicable credit enhancements such as collateral postings, thresholds, mutual puts and guarantees. Although the Company has determined that the majority of the inputs used to value its derivatives fall within Level 2 of the fair value hierarchy, the credit valuation adjustments associated with its derivatives utilize Level 3 inputs, such as estimates of current credit spreads to evaluate the likelihood of default by itself or the counterparty. However, as of March 31, 2016, December 31, 2015 and March 31, 2015, the Company has assessed the significance of the impact of the credit valuation adjustments on the overall valuation of its derivative positions and has determined that the credit valuation adjustment is not significant to the overall valuation of its derivatives. As a result, the Company has determined that its derivative valuation in its entirety is classified in Level 2 of the fair value hierarchy. Fair Value Measurements on a Recurring Basis Fair Value Quoted Prices Significant Significant U.S. government agencies $ 7,628 $ - $ 7,628 $ - State, county and municipal securities 157,533 - 157,533 - Corporate debt securities 8,522 - 7,022 1,500 Mortgage-backed securities 663,420 - 663,420 - Mortgage loans held for sale 97,439 - 97,439 - Mortgage banking derivative instruments 4,234 - 4,234 - Total recurring assets at fair value $ 938,763 $ - $ 937,263 $ 1,500 Derivative financial instruments $ 2,281 $ - $ 2,281 $ - Mortgage banking derivative instruments 592 - 592 - Total recurring liabilities at fair value $ 2,873 $ - $ 2,873 $ - Fair Value Measurements on a Recurring Basis Fair Value Quoted Prices Significant Significant U.S. government agencies $ 14,890 $ - $ 14,890 $ - State, county and municipal securities 161,316 - 161,316 - Corporate debt securities 6,017 - 3,019 2,998 Mortgage-backed securities 600,962 - 600,962 - Mortgage loans held for sale 111,182 - 111,182 - Mortgage banking derivative instruments 2,687 - 2,687 - Total recurring assets at fair value $ 897,054 $ - $ 894,056 $ 2,998 Derivative financial instruments $ 1,439 $ - $ 1,439 $ - Mortgage banking derivative instruments 137 - 137 - Total recurring liabilities at fair value $ 1,576 $ - $ 1,576 $ - Fair Value Measurements on a Recurring Basis Fair Value Quoted Prices Significant Significant U.S. government agencies $ 14,984 $ - $ 14,984 $ - State, county and municipal securities 159,064 - 159,064 - Corporate debt securities 10,935 - 8,435 2,500 Mortgage-backed securities 425,347 - 425,347 - Mortgage loans held for sale 73,796 - 73,796 - Mortgage banking derivative instruments 4,006 - 4,006 - Total recurring assets at fair value $ 688,132 $ - $ 685,632 $ 2,500 Derivative financial instruments $ 1,805 $ - $ 1,805 $ - Mortgage banking derivative instruments 548 - 548 - Total recurring liabilities at fair value $ 2,353 $ - $ 2,353 $ - Fair Value Measurements on a Nonrecurring Basis Fair Quoted Significant Significant Impaired loans carried at fair value $ 25,831 $ - $ - $ 25,831 Other real estate owned 1,857 - - 1,857 Purchased, non-covered other real estate owned 15,048 - - 15,048 Covered other real estate owned 3,764 - - 3,764 Total nonrecurring assets at fair value $ 46,500 $ - $ - $ 46,500 Fair Value Measurements on a Nonrecurring Basis Fair Quoted Significant Significant Impaired loans carried at fair value $ 27,069 $ - $ - $ 27,069 Other real estate owned 10,456 - - 10,456 Purchased, non-covered other real estate owned 14,333 - - 14,333 Covered other real estate owned 5,011 - - 5,011 Total nonrecurring assets at fair value $ 56,869 $ - $ - $ 56,869 Fair Value Measurements on a Nonrecurring Basis Fair Quoted Significant Significant Impaired loans carried at fair value $ 28,867 $ - $ - $ 28,867 Purchased, non-covered other real estate owned 13,818 - - 13,818 Covered other real estate owned 16,089 - - 16,089 Total nonrecurring assets at fair value $ 58,774 $ - $ - $ 58,774 The inputs used to determine estimated fair value of impaired loans and covered loans include market conditions, loan terms, underlying collateral characteristics and discount rates. The inputs used to determine fair value of other real estate owned and covered other real estate owned include market conditions, estimated marketing period or holding period, underlying collateral characteristics and discount rates. For the three months ended March 31, 2016, the year ended December 31, 2015 and the three months ended March 31, 2015, there was not a change in the methods and significant assumptions used to estimate fair value. Fair Value Valuation Technique Unobservable Inputs Range of Weighted As of March 31, 2016 Nonrecurring: Impaired loans $ 25,830 Third-party appraisals and discounted cash flows Collateral discounts and discount rates 0% - 100 % 27 % Other real estate owned $ 1,857 Third-party appraisals, sales contracts, broker price opinions Collateral discounts and estimated costs to sell 10% -90 % 13 % Purchased non-covered real estate owned $ 15,048 Third-party appraisals Collateral discounts and estimated costs to sell 10% -75 % 16 % Covered real estate owned $ 3,764 Third-party appraisals Collateral discounts and estimated costs to sell 15% - 59 % 17 % Recurring: Investment securities available for sale $ 1,500 Discounted par values Credit quality of underlying issuer 0 % 0 % As of December 31, 2015 Nonrecurring: Impaired loans $ 27,069 Third-party appraisals and discounted cash flows Collateral discounts and discount rates 0% - 100 % 29 % Other real estate owned $ 10,456 Third-party appraisals, sales contracts, broker price opinions Collateral discounts and estimated costs to sell 10% -90 % 13 % Purchased non-covered real estate owned $ 14,333 Third-party appraisals Collateral discounts and estimated costs to sell 10% -69 % 19 % Covered real estate owned $ 5,011 Third-party appraisals Collateral discounts and estimated costs to sell 0% - 74 % 12 % Recurring: Investment securities available for sale $ 2,998 Discounted par values Credit quality of underlying issuer 0 % 0 % As of March 31, 2015 Nonrecurring: Impaired loans $ 28,867 Third-party appraisals and discounted cash flows Collateral discounts and discount rates 0% - 70 % 24 % Purchased non-covered real estate owned $ 13,818 Third-party appraisals Collateral discounts and estimated costs to sell 10% -96 % 16 % Covered real estate owned $ 16,089 Third-party appraisals Collateral discounts and estimated costs to sell 10% - 70 % 9 % Recurring: Investment securities available for sale $ 2,500 Discounted par values Credit quality of underlying issuer 0 % 0 % Fair Value Measurements at March 31, 2016 Using: Carrying Level 1 Level 2 Level 3 Total (Dollars in Thousands) Financial assets: Cash and due from banks $ 146,863 $ 146,863 $ - $ - $ 146,863 Federal funds sold and interest-bearing accounts 107,373 107,373 - - 107,373 Loans, net 4,495,066 - - 4,518,521 4,518,521 FDIC loss-share receivable 1,197 - - (5,114) (5,114) Accrued interest receivable 20,940 20,940 - - 20,940 Financial liabilities: Deposits $ 5,230,787 $ - $ 5,231,556 $ - $ 5,231,556 Securities sold under agreements to repurchase 43,741 43,741 - - 43,741 Other borrowings 110,531 - 110,531 - 110,531 Accrued interest payable 1,119 1,119 - - 1,119 Subordinated deferrable interest debentures 83,237 - 66,783 - 66,783 Fair Value Measurements at December 31, 2015 Using: Carrying Level 1 Level 2 Level 3 Total (Dollars in Thousands) Financial assets: Cash and due from banks $ 118,518 $ 118,518 $ - $ - $ 118,518 Federal funds sold and interest-bearing accounts 272,045 272,045 - - 272,045 Loans, net 3,971,974 - - 3,982,606 3,982,606 FDIC loss-share receivable 6,301 - - (944) (944) Accrued interest receivable 21,274 21,274 - - 21,274 Financial liabilities: Deposits $ 4,879,290 $ - $ 4,880,294 $ - $ 4,880,294 Securities sold under agreements to repurchase 63,585 63,585 - - 63,585 Other borrowings 39,000 - 39,000 - 39,000 Accrued interest payable 1,054 1,054 - - 1,054 Subordinated deferrable interest debentures 69,874 - 52,785 - 52,785 Fair Value Measurements at March 31, 2015 Using: Carrying Level 1 Level 2 Level 3 Total (Dollars in Thousands) Financial assets: Cash and due from banks $ 80,142 $ 80,142 $ - $ - $ 80,142 Federal funds sold and interest-bearing accounts 126,157 126,157 - - 126,157 Loans, net 2,837,538 - - 2,885,524 2,885,524 FDIC loss-share receivable 23,312 - - 9,990 9,990 Accrued interest receivable 15,332 15,332 - - 15,332 Financial liabilities: Deposits $ 3,480,231 $ - $ 3,481,470 $ - $ 3,481,470 Securities sold under agreements to repurchase 55,520 55,520 - - 55,520 Other borrowings 43,851 - 43,851 - 43,851 Accrued interest payable 1,177 1,177 - - 1,177 Subordinated deferrable interest debentures 65,567 - 47,055 - 47,055 |
SEGMENT REPORTING
SEGMENT REPORTING | 3 Months Ended |
Mar. 31, 2016 | |
Segment Reporting [Abstract] | |
SEGMENT REPORTING | NOTE 13 SEGMENT REPORTING Three Months Ended Banking Retail Mortgage Warehouse SBA Division Total (Dollars in Thousands) Interest income $ 49,779 $ 3,020 $ 1,019 $ 741 $ 54,559 Interest expense 3,978 - - 145 4,123 Net interest income 45,801 3,020 1,019 596 50,436 Provision for loan losses 681 - - - 681 Noninterest income 12,735 9,624 333 1,594 24,286 Noninterest expense Salaries and employee benefits 18,989 6,347 188 663 26,187 Equipment and occupancy expenses 5,150 488 1 61 5,700 Data processing and telecommunications expenses 5,820 272 20 1 6,113 Other expenses 16,436 956 25 183 17,600 Total noninterest expense 46,395 8,063 234 908 55,600 Income before income tax expense 11,460 4,581 1,118 1,282 18,441 Income tax expense 3,681 1,603 391 449 6,124 Net income $ 7,779 $ 2,978 $ 727 $ 833 $ 12,317 Total assets $ 5,634,850 $ 260,038 $ 137,461 $ 65,422 $ 6,097,771 Other intangible assets, net $ 21,892 $ - $ - $ - $ 21,892 Goodwill $ 121,512 $ - $ - $ - $ 121,512 Three Months Ended Banking Retail Mortgage Warehouse SBA Division Total (Dollars in Thousands) Interest income $ 39,297 $ 1,545 $ 835 $ 691 $ 42,368 Interest expense 3,458 - - 78 3,536 Net interest income 35,839 1,545 835 613 38,832 Provision for loan losses 927 142 - - 1,069 Noninterest income 8,780 7,610 273 912 17,575 Noninterest expense Salaries and employee benefits 15,362 4,527 127 616 20,632 Equipment and occupancy expenses 4,144 380 2 28 4,554 Data processing and telecommunications expenses 4,011 212 33 4 4,260 Other expenses 10,356 932 36 57 11,381 Total noninterest expense 33,873 6,051 198 705 40,827 Income before income tax expense 9,819 2,962 910 820 14,511 Income tax expense 3,105 1,037 319 287 4,747 Net income $ 6,714 $ 1,925 $ 592 $ 533 $ 9,764 Total assets $ 3,839,417 $ 154,766 $ 89,711 $ 69,010 $ 4,152,904 Other intangible assets, net $ 7,591 $ - $ - $ - $ 7,591 Goodwill $ 63,547 $ - $ - $ - $ 63,547 |
SUMMARY OF SIGNIFICANT ACCOUNTI
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 3 Months Ended |
Mar. 31, 2016 | |
Accounting Policies [Abstract] | |
Newly Issued Accounting Pronouncements | Newly Issued Accounting Pronouncements ASU 2016-02 Leases (Topic 842) ASU 2015-16 Business Combinations (Topic 805) - Simplifying the Accounting for Measurement-Period Adjustments ASU 2015-03 Interest Imputation of Interest ASU 2015-02 “ Consolidation (Topic 810) - Amendments to the Consolidation Analysis . ASU 2015-01- Income Statement Extraordinary and Unusual Items ASU 2014-09 Revenue from Contracts with Customers |
BUSINESS COMBINATIONS (Tables)
BUSINESS COMBINATIONS (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Rollforward of Acquired Non-Covered Loans | A rollforward of purchased non-covered loans for the three months ended March 31, 2016, the year ended December 31, 2015 and the three months ended March 31, 2015 is shown below: March 31, December 31, March 31, (Dollars in Thousands) 2016 2015 2015 Balance, January 1 $ 771,554 $ 674,239 $ 674,239 Charge-offs, net of recoveries (317) (991) (244) Additions due to acquisitions 401,085 195,818 - Accretion 2,647 10,590 3,111 Transfers to purchased non-covered other real estate owned (1,243) (4,473) (1,094) Transfer from covered loans due to loss-share expiration - 50,568 - Payments received (43,807) (154,666) (32,920) Other - 469 - Ending balance $ 1,129,919 $ 771,554 $ 643,092 |
Schedule of Changes in Accretable Discounts Related Acquired Loans | The following is a summary of changes in the accretable discounts of purchased non-covered loans during the three months ended March 31, 2016, the year ended December 31, 2015 and the three months ended March 31, 2015: March 31, December 31, March 31, (Dollars in Thousands) 2016 2015 2015 Balance, January 1 $ 24,785 $ 25,716 $ 25,716 Additions due to acquisitions 9,991 5,788 - Accretion (2,647) (10,590) (3,111) Transfer from covered loans due to loss-share expiration - 1,665 - Accretable discounts removed due to charge-offs (11) (1,768) (1,380) Transfers between non-accretable and accretable discounts, net 353 3,974 (996) Ending balance $ 32,471 $ 24,785 $ 20,229 |
Bank Of America [Member] | |
Estimated Fair Value of Assets Acquired and Liabilities Assumed | The following table presents the assets acquired and liabilities assumed as of June 12, 2015 and their fair value estimates. The fair value adjustments shown in the following table continue to be evaluated by management and may be subject to further adjustment: Initial Fair Subsequent As Recorded by Value Fair Value As Recorded (Dollars in Thousands) Bank of America Adjustments Adjustments by Ameris Assets Cash and cash equivalents $ 630,220 $ - $ - $ 630,220 Loans 4,363 - (364 )(d) 3,999 Premises and equipment 10,348 1,060 (a) (755 )(e) 10,653 Intangible assets - 7,651 (b) 985 (f) 8,636 Other assets 126 - 126 Total assets $ 645,057 $ 8,711 $ (134) $ 653,634 Liabilities Deposits: Noninterest-bearing $ 149,854 $ - $ - $ 149,854 Interest-bearing 495,110 (215 )(c) - 494,895 Total deposits 644,964 (215) - 644,749 Other liabilities 93 - - 93 Total liabilities 645,057 (215) - 644,842 Net identifiable assets acquired over (under) liabilities assumed - 8,926 (134) 8,792 Goodwill - 11,076 134 11,210 Net assets acquired over (under) liabilities assumed $ - $ 20,002 $ - $ 20,002 Consideration: Cash paid as deposit premium $ 20,002 Fair value of total consideration transferred $ 20,002 Explanation of fair value adjustments (a) Adjustment reflects the fair value adjustments of the premises and equipment as of the acquisition date. (b) Adjustment reflects the recording of core deposit intangible on the acquired core deposit accounts. (c) Adjustment reflects the fair value adjustments based on the Company’s evaluation of the acquired deposits. (d) Adjustment reflects the fair value adjustments based on the Company’s evaluation of the acquired loan portfolio. (e) Adjustment reflects additional recording of fair value adjustment of the premises and equipment. (f) Adjustment reflects additional recording of core deposit intangible on the acquired core deposit accounts. |
Merchants and Southern Banks of Florida [Member] | |
Estimated Fair Value of Assets Acquired and Liabilities Assumed | The following table presents the assets acquired and liabilities of Merchants assumed as of May 22, 2015 and their fair value estimates. The fair value adjustments shown in the following table continue to be evaluated by management and may be subject to further adjustment: Initial Fair Subsequent As Recorded by Value Fair Value As Recorded (Dollars in Thousands) Merchants Adjustments Adjustments by Ameris Assets Cash and cash equivalents $ 7,527 $ - $ - $ 7,527 Federal funds sold and interest-bearing balances 106,188 - - 106,188 Investment securities 164,421 (553 )(a) (639 )(j) 163,229 Other investments 872 - (253 )(k) 619 Loans 199,955 (8,500 )(b) - 191,455 Less allowance for loan losses (3,354) 3,354 (c) - - Loans, net 196,601 (5,146) - 191,455 Other real estate owned 4,082 (1,115 )(d) - 2,967 Premises and equipment 14,614 (3,680 )(e) - 10,934 Intangible assets - 4,577 (f) (634 )(l) 3,943 Other assets 2,333 2,335 (g) (1,109 )(m) 3,559 Total assets $ 496,638 $ (3,582) $ (2,635) $ 490,421 Liabilities Deposits: Noninterest-bearing $ 121,708 $ - $ - $ 121,708 Interest-bearing 286,112 - 41,588 (n) 327,700 Total deposits 407,820 - - 449,408 Federal funds purchased and securities sold under agreements to repurchase 41,588 - (41,588 )(n) - Other liabilities 2,151 81 (h) - 2,232 Subordinated deferrable interest debentures 6,186 (2,680 )(i) - 3,506 Total liabilities 457,745 (2,599) - 455,146 Net identifiable assets acquired over (under) liabilities assumed 38,893 (983) (2,635) 35,275 Goodwill - 12,090 2,635 14,725 Net assets acquired over (under) liabilities assumed $ 38,893 $ 11,107 $ - $ 50,000 Consideration: Cash exchanged for shares $ 50,000 Fair value of total consideration transferred $ 50,000 Explanation of fair value adjustments (a) Adjustment reflects the fair value adjustments of the portfolio of securities available for sale as of the acquisition date. (b) Adjustment reflects the fair value adjustments based on the Company’s evaluation of the acquired loan portfolio. (c) Adjustment reflects the elimination of Merchants’ allowance for loan losses. (d) Adjustment reflects the fair value adjustment based on the Company’s evaluation of the acquired OREO portfolio. (e) Adjustment reflects the fair value adjustment based on the Company’s evaluation of the acquired premises. (f) Adjustment reflects the recording of core deposit intangible on the acquired core deposit accounts. (g) Adjustment reflects the deferred taxes on the difference in the carrying values of acquired assets and assumed liabilities for financial reporting purposes and their basis for federal income tax purposes. (h) Adjustment reflects the fair value adjustments based on the Company’s evaluation of interest rate swap liabilities. (i) Adjustment reflects the fair value adjustment to the subordinated deferrable interest debentures at the acquisition date. (j) Adjustment reflects the additional fair value adjustments of the portfolio of securities available for sale as of the acquisition date. (k) Adjustment reflects the fair value adjustments of other investments as of the acquisition date. (l) Adjustment reflects adjustment to the core deposit intangible on the acquired core deposit accounts. (m) Adjustment reflects the additional deferred taxes on the difference in the carrying values of acquired assets and assumed liabilities for financial reporting purposes and their basis for federal income tax purposes. (n) Subsequent to acquisition, the acquired securities sold under agreements to repurchase were converted to deposit accounts and are no longer reported as securities sold under agreements to repurchase on the Consolidated Balance Sheet as of December 31, 2015. |
Pro Forma Information of Acquisitions | The following unaudited pro forma information reflects the Company’s estimated consolidated results of operations as if the acquisitions had occurred on January 1, 2015, unadjusted for potential cost savings (in thousands). Three Months Ended March 31, 2016 2015 Net interest income and noninterest income $ 78,798 $ 64,931 Net income $ 13,052 $ 12,195 Income per common share available to common stockholders basic $ 0.38 $ 0.37 Income per common share available to common stockholders diluted $ 0.37 $ 0.37 Average number of shares outstanding, basic 34,741 32,992 Average number of shares outstanding, diluted 35,043 33,345 |
Summary of Contractually Required Principal and Interest Cash Payment of the Loans As of Acquisition Date for Purchased Credit Impaired Loans | The table below summarizes the total contractually required principal and interest cash payment, management’s estimate of expected total cash payments and fair value of the loans as of acquisition date for purchased credit impaired loans. Contractually required principal and interest payment have been adjusted for estimated prepayments. Contractually required principal and interest $ 17,201 Non-accretable difference (2,712) Cash flows expected to be collected 14,489 Accretable yield (3,254) Total purchased credit-impaired loans acquired $ 11,235 |
Schedule of Acquired Loans | The following table presents the acquired loan data for the Merchants acquisition. Best Estimate Gross at Acquisition Contractual Date of Amounts Contractual Fair Value of Receivable at Cash Flows Acquired Loans at Acquisition Not Expected Acquisition Date Date to be Collected (Dollars in Thousands) Acquired receivables subject to ASC 310-30 $ 11,235 $ 14,086 $ 2,712 Acquired receivables not subject to ASC 310-30 $ 180,220 $ 184,906 $ - |
Jacksonville Bancorp, Inc [Member] | |
Estimated Fair Value of Assets Acquired and Liabilities Assumed | The following table presents the assets acquired and liabilities of JAXB assumed as of March 11, 2016 and their initial fair value estimates. The fair value adjustments shown in the following table continue to be evaluated by management and may be subject to further adjustment: As Recorded by Fair Value As Recorded (Dollars in Thousands) JAXB Adjustments by Ameris Assets Cash and cash equivalents $ 9,704 $ - $ 9,704 Federal funds sold and interest-bearing balances 7,027 - 7,027 Investment securities 60,836 (942) (a) 59,894 Other investments 2,458 - 2,458 Loans 416,831 (15,746) (b) 401,085 Less allowance for loan losses (12,613) 12,613 (c) - Loans, net 404,218 (3,133) 401,085 Other real estate owned 2,873 (1,035) (d) 1,838 Premises and equipment 4,798 - 4,798 Intangible assets 288 5,566 (e) 5,854 Other assets 14,141 23,266 (f) 37,407 Total assets $ 506,343 $ 23,722 $ 530,065 Liabilities Deposits: Noninterest-bearing $ 123,399 $ - $ 123,399 Interest-bearing 277,539 421 (g) 277,960 Total deposits 400,938 421 401,359 Other borrowings 48,350 84 (h) 48,434 Other liabilities 2,354 - 2,354 Subordinated deferrable interest debentures 16,294 (3,393) (i) 12,901 Total liabilities 467,936 (2,888) 465,048 Net identifiable assets acquired over (under) liabilities assumed 38,407 26,610 65,017 Goodwill - 31,375 31,375 Net assets acquired over (under) liabilities assumed $ 38,407 $ 57,985 $ 96,392 Consideration: Ameris Bancorp common shares issued 2,549,469 Purchase price per share of the Company's common stock $ 28.42 Company common stock issued 72,456 Cash exchanged for shares 23,936 Fair value of total consideration transferred $ 96,392 Explanation of fair value adjustments (a) Adjustment reflects the fair value adjustments of the portfolio of securities available for sale as of the acquisition date. (b) Adjustment reflects the fair value adjustments based on the Company’s evaluation of the acquired loan portfolio, net of the reversal of JAXB remaining fair value adjustments from their prior acquisitions. (c) Adjustment reflects the elimination of JAXB’s allowance for loan losses. (d) Adjustment reflects the fair value adjustment based on the Company’s evaluation of the acquired OREO portfolio, which is based largely on contracted sale prices. (e) Adjustment reflects the recording of core deposit intangible on the acquired core deposit accounts. (f) Adjustment reflects the deferred taxes on the difference in the carrying values of acquired assets and assumed liabilities for financial reporting purposes and their basis for federal income tax purposes and the reversal of JAXB valuation allowance established on their deferred tax assets. (g) Adjustment reflects the fair value adjustments based on the Company’s evaluation of the acquired deposits. (h) Adjustment reflects the fair value adjustments based on the Company’s evaluation of the liability for other borrowings. (i) Adjustment reflects the fair value adjustment to the subordinated deferrable interest debentures at the acquisition date, net of the reversal of JAXB remaining fair value adjustments from their prior acquisitions. |
Summary of Contractually Required Principal and Interest Cash Payment of the Loans As of Acquisition Date for Purchased Credit Impaired Loans | The table below summarizes the total contractually required principal and interest cash payment, management’s estimate of expected total cash payments and fair value of the loans as of acquisition date for purchased credit impaired loans. Contractually required principal and interest payment have been adjusted for estimated prepayments. Contractually required principal and interest $ 42,314 Non-accretable difference (7,877) Cash flows expected to be collected 34,437 Accretable yield (6,182) Total purchased credit-impaired loans acquired $ 28,255 |
Schedule of Acquired Loans | The following table presents the acquired loan data for the JAXB acquisition. Best Estimate Gross at Acquisition Contractual Date of Amounts Contractual Fair Value of Receivable at Cash Flows Acquired Loans at Acquisition Not Expected Acquisition Date Date to be Collected (Dollars in Thousands) Acquired receivables subject to ASC 310-30 $ 28,255 $ 42,314 $ 7,877 Acquired receivables not subject to ASC 310-30 $ 372,830 $ 488,346 $ - |
INVESTMENT SECURITIES (Tables)
INVESTMENT SECURITIES (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Investments, Debt and Equity Securities [Abstract] | |
Amortized Cost and Estimated Fair Value of Investment Securities Available for Sale | The amortized cost and estimated fair value of investment securities available for sale at March 31, 2016, December 31, 2015 and March 31, 2015 are presented below: Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value (Dollars in Thousands) March 31, 2016: U.S. government agencies $ 7,592 $ 45 $ (9) $ 7,628 State, county and municipal securities 152,764 4,894 (125) 157,533 Corporate debt securities 8,407 139 (24) 8,522 Mortgage-backed securities 657,764 7,042 (1,386) 663,420 Total debt securities $ 826,527 $ 12,120 $ (1,544) $ 837,103 December 31, 2015: U.S. government agencies $ 14,959 $ - $ (69) $ 14,890 State, county and municipal securities 157,681 4,046 (411) 161,316 Corporate debt securities 5,900 145 (28) 6,017 Mortgage-backed securities 599,721 3,945 (2,704) 600,962 Total debt securities $ 778,261 $ 8,136 $ (3,212) $ 783,185 March 31, 2015: U.S. government agencies $ 14,954 $ 72 $ (42) $ 14,984 State, county and municipal securities 154,499 4,800 (235) 159,064 Corporate debt securities 10,794 193 (52) 10,935 Mortgage-backed securities 420,497 6,185 (1,335) 425,347 Total debt securities $ 600,744 $ 11,250 $ (1,664) $ 610,330 |
Amortized Cost and Fair Value of Available for Sale Securities by Contractual Maturity | The amortized cost and fair value of available-for-sale securities at March 31, 2016 by contractual maturity are summarized in the table below. Expected maturities for mortgage-backed securities may differ from contractual maturities because in certain cases borrowers can prepay obligations without prepayment penalties. Therefore, these securities are shown separately in the following maturity summary. Amortized Fair Cost Value (Dollars in Thousands) Due in one year or less $ 4,028 $ 4,060 Due from one year to five years 52,090 53,677 Due from five to ten years 51,887 53,967 Due after ten years 60,758 61,979 Mortgage-backed securities 657,764 663,420 $ 826,527 $ 837,103 |
Schedule of Gross Unrealized Losses and Fair Value of Securities | The following table details the gross unrealized losses and fair value of securities aggregated by category and duration of the continuous unrealized loss position at March 31, 2016, December 31, 2015 and March 31, 2015. Less Than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized Description of Securities Value Losses Value Losses Value Losses (Dollars in Thousands) March 31, 2016: U.S. government agencies $ 4,991 $ (9) $ - $ - $ 4,991 $ (9) State, county and municipal securities 5,845 (96) 1,639 (29) 7,484 (125) Corporate debt securities 883 (24) - - 883 (24) Mortgage-backed securities 142,687 (975) 24,762 (411) 167,449 (1,386) Total debt securities $ 154,406 $ (1,104) $ 26,401 $ (440) $ 180,807 $ (1,544) December 31, 2015: U.S. government agencies $ 9,932 $ (27) $ 4,958 $ (42) $ 14,890 $ (69) State, county and municipal securities 19,293 (199) 11,557 (212) 30,850 (411) Corporate debt securities 1,383 (28) - - 1,383 (28) Mortgage-backed securities 263,281 (1,950) 29,950 (754) 293,231 (2,704) Total debt securities $ 293,889 $ (2,204) $ 46,465 $ (1,008) $ 340,354 $ (3,212) March 31, 2015: U.S. government agencies $ - $ - $ 4,958 $ (42) $ 4,958 $ (42) State, county and municipal securities 4,675 (34) 10,579 (201) 15,254 (235) Corporate debt securities 5,007 (52) - - 5,007 (52) Mortgage-backed securities 46,361 (378) 31,483 (957) 77,844 (1,335) Total debt securities $ 56,043 $ (464) $ 47,020 $ (1,200) $ 103,063 $ (1,664) |
Gross Realized Gains And Losses On Sales Of Available For Sale Securities | The following table is a summary of sales activities in the Company’s investment securities available for sale for the three months ended March 31, 2016, year ended December 31, 2015 and three months ended March 31, 2015: March 31, 2016 December 31, 2015 March 31, 2015 (Dollars in Thousands) Gross gains on sales of securities $ 312 $ 396 $ 31 Gross losses on sales of securities (218) (259) (19) Net realized gains on sales of securities available for sale $ 94 $ 137 $ 12 Sales proceeds $ 41,564 $ 72,528 $ 5,118 |
LOANS (Tables)
LOANS (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Schedule of Accounts Notes Loans and Financial Receivables | Balances within the major loan categories are presented in the following table: March 31, December 31, March 31, (Dollars in Thousands) 2016 2015 2015 Commercial, financial and agricultural $ 434,073 $ 449,623 $ 334,917 Real estate construction and development 264,820 244,693 178,568 Real estate commercial and farmland 1,154,887 1,104,991 947,274 Real estate residential 629,138 570,430 496,043 Consumer installment 31,901 31,125 29,113 Other 13,188 6,015 13,505 $ 2,528,007 $ 2,406,877 $ 1,999,420 |
Summary of Covered Loans According to Loan Type | Covered loans are shown below according to loan type as of the end of the periods shown: March 31, December 31, March 31, (Dollars in Thousands) 2016 2015 2015 Commercial, financial and agricultural $ 4,739 $ 5,546 $ 20,905 Real estate construction and development 7,205 7,612 19,519 Real estate commercial and farmland 67,055 71,226 130,290 Real estate residential 51,176 53,038 74,847 Consumer installment 104 107 184 $ 130,279 $ 137,529 $ 245,745 |
Schedule of Allowances for Loan Losses by Portfolio Segment | The following table details activity in the allowance for loan losses by portfolio segment for the three months ended March 31, 2016, the year ended December 31, 2015 and the three months ended March 31, 2015. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories. Commercial, Real estate Real estate Real estate Consumer Purchased Covered Total Three months ended March 31, 2016: Balance, January 1, 2016 $ 1,144 $ 5,009 $ 7,994 $ 4,760 $ 1,574 $ 581 $ - $ 21,062 Provision for loan losses 788 (1,051) (669) 25 399 828 361 681 Loans charged off (406) (155) (347) (468) (59) (307) (72) (1,814) Recoveries of loans previously charged off 73 122 121 314 25 658 240 1,553 Balance, March 31, 2016 $ 1,599 $ 3,925 $ 7,099 $ 4,631 $ 1,939 $ 1,760 $ 529 $ 21,482 Period-end amount allocated to: Loans individually evaluated for impairment $ 400 $ 733 $ 873 $ 2,153 $ - $ 454 $ 529 $ 5,142 Loans collectively evaluated for impairment 1,199 3,192 6,226 2,478 1,939 1,306 - 16,340 Ending balance $ 1,599 $ 3,925 $ 7,099 $ 4,631 $ 1,939 $ 1,760 $ 529 $ 21,482 Loans: Individually evaluated for impairment $ 799 $ 1,604 $ 12,050 $ 9,540 $ - $ 17,032 $ 21,429 $ 62,454 Collectively evaluated for impairment 433,274 263,216 1,142,837 619,598 45,089 1,635,551 28,937 4,168,502 Acquired with deteriorated credit quality - - - - - 134,070 79,913 213,983 Ending balance $ 434,073 $ 264,820 $ 1,154,887 $ 629,138 $ 45,089 $ 1,786,653 $ 130,279 $ 4,444,939 Commercial, Real estate Real estate Real estate Consumer Purchased Covered Total (Dollars in Thousands) Twelve months ended December 31, 2015: Balance, January 1, 2015 $ 2,004 $ 5,030 $ 8,823 $ 4,129 $ 1,171 $ - $ - $ 21,157 Provision for loan losses (73) 278 1,221 2,067 676 344 751 5,264 Loans charged off (1,438) (622) (2,367) (1,587) (410) (950) (1,759) (9,133) Recoveries of loans previously charged off 651 323 317 151 137 1,187 1,008 3,774 Balance, December 31, 2015 $ 1,144 $ 5,009 $ 7,994 $ 4,760 $ 1,574 $ 581 $ - $ 21,062 Period-end amount allocated to: Loans individually evaluated for impairment $ 126 $ 759 $ 1,074 $ 2,172 $ - $ - $ - $ 4,131 Loans collectively evaluated for impairment 1,018 4,250 6,920 2,588 1,574 581 - 16,931 Ending balance $ 1,144 $ 5,009 $ 7,994 $ 4,760 $ 1,574 $ 581 $ - $ 21,062 Loans: Individually evaluated for impairment $ 323 $ 1,958 $ 11,877 $ 9,554 $ - $ - $ - $ 23,712 Collectively evaluated for impairment 449,300 242,735 1,093,114 560,876 37,140 1,261,821 52,451 3,697,437 Acquired with deteriorated credit quality - - - - - 102,696 85,078 187,774 Ending balance $ 449,623 $ 244,693 $ 1,104,991 $ 570,430 $ 37,140 $ 1,364,517 $ 137,529 $ 3,908,923 Commercial, Real estate Real estate Real estate - Consumer Purchased Covered Total (Dollars in Thousands) Three months ended March 31, 2015: Balance, January 1, 2015 $ 2,004 $ 5,030 $ 8,823 $ 4,129 $ 1,171 $ - $ - $ 21,157 Provision for loan losses (498) 347 (56) 1,090 217 (432) 401 1,069 Loans charged off (392) (97) (12) (268) (86) (230) (563) (1,648) Recoveries of loans previously charged off 285 31 15 57 62 662 162 1,274 Balance, March 31, 2015 $ 1,399 $ 5,311 $ 8,770 $ 5,008 $ 1,364 $ - $ - $ 21,852 Period-end amount allocated to: Loans individually evaluated for impairment $ 230 $ 627 $ 2,123 $ 1,837 $ - $ - $ - $ 4,817 Loans collectively evaluated for impairment 1,169 4,684 6,647 3,171 1,364 - - 17,035 Ending balance $ 1,399 $ 5,311 $ 8,770 $ 5,008 $ 1,364 $ - $ - $ 21,852 Loans: Individually evaluated for impairment $ 324 $ 2,982 $ 14,557 $ 11,124 $ - $ - $ - $ 28,987 Collectively evaluated for impairment 334,593 175,586 932,717 484,919 42,618 552,837 108,113 2,631,383 Acquired with deteriorated credit quality - - - - - 90,255 137,632 227,887 Ending balance $ 334,917 $ 178,568 $ 947,274 $ 496,043 $ 42,618 $ 643,092 $ 245,745 $ 2,888,257 |
Summary of Financial Receivable Nonaccrual Basis | The following table presents an analysis of loans accounted for on a nonaccrual basis, excluding purchased non-covered and covered loans: March 31, December 31, March 31, (Dollars in Thousands) 2016 2015 2015 Commercial, financial and agricultural $ 1,266 $ 1,302 $ 1,015 Real estate construction and development 1,776 1,812 3,286 Real estate commercial and farmland 7,067 7,019 7,893 Real estate residential 5,191 6,278 8,246 Consumer installment 400 449 401 $ 15,700 $ 16,860 $ 20,841 |
Summary of Credit Quality Indicate Financial Receivable | The following table presents the loan portfolio, excluding purchased non-covered and covered loans, by risk grade as of March 31, 2016: Commercial, Real estate - Real estate - Risk financial & construction & commercial & Real estate - Consumer Grade agricultural development farmland residential installment loans Other Total (Dollars in Thousands) 10 $ 243,355 $ - $ 2,316 $ 1,479 $ 7,053 $ - $ 254,203 15 22,705 4,170 112,167 73,341 1,127 - 213,510 20 90,196 58,014 729,346 434,434 20,872 13,188 1,346,050 23 581 7,414 10,040 6,813 199 - 25,047 25 72,557 188,385 275,297 89,834 1,969 - 628,042 30 1,908 3,829 10,517 5,730 157 - 22,141 40 2,771 3,008 15,204 17,507 523 - 39,013 50 - - - - - - - 60 - - - - 1 - 1 Total $ 434,073 $ 264,820 $ 1,154,887 $ 629,138 $ 31,901 $ 13,188 $ 2,528,007 The following table presents the loan portfolio, excluding purchased non-covered and covered loans, by risk grade as of December 31, 2015: Commercial, Real estate - Real estate - Risk financial & construction & commercial & Real estate - Consumer Grade agricultural development farmland Residential installment loans Other Total (Dollars in Thousands) 10 $ 241,721 $ 294 $ 116 $ 1,606 $ 6,872 $ - $ 250,609 15 28,420 2,074 117,880 78,165 1,191 - 227,730 20 97,142 46,221 685,538 369,624 19,780 6,015 1,224,320 23 559 7,827 13,073 6,112 36 - 27,607 25 77,829 183,512 254,012 91,465 2,595 - 609,413 30 1,492 1,620 13,821 7,347 143 - 24,423 40 2,460 3,145 20,551 16,111 506 - 42,773 50 - - - - - - - 60 - - - - 2 - 2 Total $ 449,623 $ 244,693 $ 1,104,991 $ 570,430 $ 31,125 $ 6,015 $ 2,406,877 The following table presents the loan portfolio, excluding purchased non-covered and covered loans, by risk grade as of March 31, 2015: Commercial, Real estate - Real estate - Risk financial & construction & commercial & Real estate - Consumer Grade agricultural development farmland Residential installment loans Other Total (Dollars in Thousands) 10 $ 147,820 $ 1,751 $ 152 $ 1,727 $ 6,011 $ - $ 157,461 15 24,619 3,504 119,032 57,583 1,191 - 205,929 20 90,407 47,148 541,490 303,463 16,720 13,505 1,012,733 23 981 8,521 11,934 7,141 66 - 28,643 25 60,018 110,570 238,026 100,175 4,222 - 513,011 30 3,911 1,890 11,364 8,007 289 - 25,461 40 7,161 5,184 25,276 17,947 610 - 56,178 50 - - - - 4 - 4 60 - - - - - - - Total $ 334,917 $ 178,568 $ 947,274 $ 496,043 $ 29,113 $ 13,505 $ 1,999,420 |
Summary of Troubled Debt Restructuring by Loan Class, Classified Separately under Restructured Terms | The following table presents the amount of troubled debt restructurings by loan class, excluding purchased non-covered and covered loans, classified separately as accrual and nonaccrual at March 31, 2016, December 31, 2015 and March 31, 2015: As of March 31, 2016 Accruing Loans Non-Accruing Loans Balance Balance Loan class: # (in thousands) # (in thousands) Commercial, financial & agricultural 5 $ 279 10 $ 75 Real estate construction & development 9 476 2 30 Real estate commercial & farmland 17 5,945 3 1,871 Real estate residential 52 7,648 19 1,040 Consumer installment 10 37 21 87 Total 93 $ 14,385 55 $ 3,103 As of December 31, 2015 Accruing Loans Non-Accruing Loans Balance Balance Loan class: # (in thousands) # (in thousands) Commercial, financial & agricultural 4 $ 240 10 $ 110 Real estate construction & development 11 792 3 63 Real estate commercial & farmland 16 5,766 3 596 Real estate residential 51 7,574 20 1,123 Consumer installment 12 46 23 94 Total 94 $ 14,418 59 $ 1,986 As of March 31, 2015 Accruing Loans Non-Accruing Loans Balance Balance Loan class: # (in thousands) # (in thousands) Commercial, financial & agricultural 5 $ 277 3 $ 17 Real estate construction & development 9 789 4 90 Real estate commercial & farmland 20 7,309 1 64 Real estate residential 42 4,513 11 736 Consumer installment 10 47 15 90 Total 86 $ 12,935 34 $ 997 |
Troubled Debt Restructurings On Financing Receivables Payment Default | The following table presents the troubled debt restructurings by class that defaulted (defined as 30 days past due) during the three months ending March 31, 2016 and 2015: March 31, 2016 March 31, 2015 Balance Balance Loan class: # (in thousands) # (in thousands) Commercial, financial & agricultural 2 $ 7 1 $ 5 Real estate construction & development 1 18 - - Real estate commercial & farmland 1 194 3 746 Real estate residential 9 563 6 748 Consumer installment 1 11 4 20 Total 14 $ 793 14 $ 1,519 |
Purchased Non Covered Loans [Member] | |
Summary of Carrying Value of Purchased Non-Covered Loans According to Loan Type | Purchased non-covered loans are shown below according to major loan type as of the end of the periods shown: March 31, December 31, March 31, (Dollars in Thousands) 2016 2015 2015 Commercial, financial and agricultural $ 111,537 $ 45,462 $ 36,258 Real estate construction and development 103,753 72,080 53,668 Real estate commercial and farmland 598,935 390,755 291,760 Real estate residential 309,770 258,153 257,216 Consumer installment 5,924 5,104 4,190 $ 1,129,919 $ 771,554 $ 643,092 |
Summary of Financial Receivable Nonaccrual Basis | The following table presents an analysis of purchased non-covered loans accounted for on a nonaccrual basis: March 31, December 31, March 31, (Dollars in Thousands) 2016 2015 2015 Commercial, financial and agricultural $ 660 $ 1,064 $ 198 Real estate construction and development 1,620 1,106 785 Real estate commercial and farmland 10,895 4,920 9,096 Real estate residential 5,925 6,168 7,202 Consumer installment 87 72 27 $ 19,187 $ 13,330 $ 17,308 |
Summary of Past Due Financial Receivables | The following table presents an analysis of purchased non-covered past-due loans as of March 31, 2016, December 31, 2015 and March 31, 2015: Loans 90 Days or Loans Loans Loans 90 More Past 30-59 60-89 or More Total Due and Days Past Days Days Past Loans Current Total Still Due Past Due Due Past Due Loans Loans Accruing (Dollars in Thousands) As of March 31, 2016: Commercial, financial & agricultural $ 172 $ 73 $ 445 $ 690 $ 110,847 $ 111,537 $ - Real estate construction & development 1,481 32 1,149 2,662 101,091 103,753 - Real estate commercial & farmland 2,204 488 9,126 11,818 587,117 598,935 - Real estate residential 2,951 2,172 4,652 9,775 299,995 309,770 - Consumer installment loans 4 - 66 70 5,854 5,924 - Total $ 6,812 $ 2,765 $ 15,438 $ 25,015 $ 1,104,904 $ 1,129,919 $ - Loans 90 Days or Loans Loans Loans 90 More Past 30-59 60-89 or More Total Due and Days Past Days Days Past Loans Current Total Still Due Past Due Due Past Due Loans Loans Accruing (Dollars in Thousands) As of December 30, 2015: Commercial, financial & agricultural $ 248 $ 13 $ 846 $ 1,107 $ 44,355 $ 45,462 $ - Real estate construction & development 416 687 420 1,523 70,557 72,080 - Real estate commercial & farmland 2,479 1,629 3,347 7,455 383,300 390,755 - Real estate residential 4,965 2,176 4,928 12,069 246,084 258,153 - Consumer installment loans 31 9 70 110 4,994 5,104 - Total $ 8,139 $ 4,514 $ 9,611 $ 22,264 $ 749,290 $ 771,554 $ - Loans 90 Days or Loans Loans Loans 90 More Past 30-59 60-89 or More Total Due and Days Past Days Days Past Loans Current Total Still Due Past Due Due Past Due Loans Loans Accruing (Dollars in Thousands) As of March 31, 2015: Commercial, financial & agricultural $ 216 $ - $ 85 $ 301 $ 35,957 $ 36,258 $ - Real estate construction & development 393 17 766 1,176 52,492 53,668 - Real estate commercial & farmland 1,611 831 8,495 10,937 280,823 291,760 - Real estate residential 3,113 2,454 6,490 12,057 245,159 257,216 - Consumer installment loans 100 - 19 119 4,071 4,190 - Total $ 5,433 $ 3,302 $ 15,855 $ 24,590 $ 618,502 $ 643,092 $ - |
Summary of Impaired Financial Receivables | The following is a summary of information pertaining to purchased non-covered impaired loans: As of and For the Period Ended March 31, December 31, March 31, 2016 2015 2015 (Dollars in Thousands) Nonaccrual loans $ 19,187 $ 13,330 $ 17,308 Troubled debt restructurings not included above 9,193 9,373 1,526 Total impaired loans $ 28,380 $ 22,703 $ 18,834 Interest income recognized on impaired loans $ 357 $ 785 $ 18 Foregone interest income on impaired loans $ 356 $ 1,365 $ 21 The following table presents an analysis of information pertaining to impaired purchased non-covered loans as of March 31, 2016, December 31, 2015 and March 31, 2015: Unpaid Recorded Recorded Contractual Investment Investment Total Average Principal With No With Recorded Related Recorded Balance Allowance Allowance Investment Allowance Investment (Dollars in Thousands) As of March 31, 2016: Commercial, financial & agricultural $ 2,632 $ 236 $ 426 $ 662 $ - $ 864 Real estate construction & development 3,599 892 1,237 2,129 2 1,799 Real estate commercial & farmland 15,358 8,480 8,694 17,174 182 14,154 Real estate residential 9,774 1,648 6,675 8,323 270 8,640 Consumer installment loans 87 92 - 92 - 85 Total $ 31,450 $ 11,348 $ 17,032 $ 28,380 $ 454 $ 25,542 Unpaid Recorded Recorded Contractual Investment Investment Total Average Principal With No With Recorded Related Recorded Balance Allowance Allowance Investment Allowance Investment (Dollars in Thousands) As of December 31, 2015: Commercial, financial & agricultural $ 3,103 $ 1,066 $ - $ 1,066 $ - $ 392 Real estate construction & development 8,987 1,469 - 1,469 - 1,429 Real estate commercial & farmland 14,999 11,134 - 11,134 - 10,806 Real estate residential 14,946 8,957 - 8,957 - 8,067 Consumer installment loans 94 77 - 77 - 65 Total $ 42,129 $ 22,703 $ - $ 22,703 $ - $ 20,759 Unpaid Recorded Recorded Contractual Investment Investment Total Average Principal With No With Recorded Related Recorded Balance Allowance Allowance Investment Allowance Investment (Dollars in Thousands) As of March 31, 2015: Commercial, financial & agricultural $ 1,331 $ 198 $ - $ 198 $ - $ 187 Real estate construction & development 2,153 1,113 - 1,113 - 1,275 Real estate commercial & farmland 13,911 9,816 - 9,816 - 10,202 Real estate residential 12,183 7,679 - 7,679 - 7,435 Consumer installment loans 38 28 - 28 - 50 Total $ 29,616 $ 18,834 $ - $ 18,834 $ - $ 19,148 |
Summary of Credit Quality Indicate Financial Receivable | The following table presents the purchased non-covered loan portfolio by risk grade as of March 31, 2016: Commercial, Real estate - Real estate - Risk financial & construction & commercial & Real estate - Consumer Grade agricultural development farmland residential installment loans Other Total (Dollars in Thousands) 10 $ 9,306 $ - $ - $ 138 $ 1,061 $ - $ 10,505 15 1,206 1,135 9,302 35,904 682 - 48,229 20 20,666 13,477 188,912 119,213 2,211 - 344,479 23 - 4,334 9,773 13,338 - - 27,445 25 73,016 73,700 343,928 115,422 1,772 - 607,838 30 5,308 7,948 25,615 11,613 33 - 50,517 40 2,003 3,159 21,405 14,142 165 - 40,874 50 30 - - - - - 30 60 2 - - - - - 2 Total $ 111,537 $ 103,753 $ 598,935 $ 309,770 $ 5,924 $ - $ 1,129,919 The following table presents the purchased non-covered loan portfolio by risk grade as of December 31, 2015: Commercial, Real estate - Real estate - Risk financial & construction & commercial & Real estate - Consumer Grade agricultural development farmland residential installment loans Other Total (Dollars in Thousands) 10 $ 8,592 $ - $ - $ - $ 1,010 $ - $ 9,602 15 1,186 1,143 10,490 37,808 541 - 51,168 20 10,057 13,678 183,219 128,005 2,031 - 336,990 23 - 438 5,177 6,414 - - 12,029 25 17,565 47,517 162,253 66,166 1,328 - 294,829 30 6,657 4,185 14,297 5,503 51 - 30,693 40 1,373 5,119 15,319 14,257 143 - 36,211 50 30 - - - - - 30 60 2 - - - - - 2 Total $ 45,462 $ 72,080 $ 390,755 $ 258,153 $ 5,104 $ - $ 771,554 The following table presents the purchased non-covered loan portfolio by risk grade as of March 31, 2015: Commercial, Real estate - Real estate - Risk financial & construction & commercial & Real estate - Consumer Grade agricultural development farmland residential installment loans Other Total (Dollars in Thousands) 10 $ 6,696 $ - $ - $ 289 $ 459 $ - $ 7,444 15 995 641 9,396 12,136 472 - 23,640 20 13,751 13,746 115,359 62,056 1,568 - 206,480 23 73 - 3,174 6,777 - - 10,024 25 12,585 31,512 136,581 155,187 1,521 - 337,386 30 958 3,564 9,404 8,332 65 - 22,323 40 1,170 4,205 17,846 12,417 105 - 35,743 50 30 - - 22 - - 52 60 - - - - - - - Total $ 36,258 $ 53,668 $ 291,760 $ 257,216 $ 4,190 $ - $ 643,092 |
Summary of Troubled Debt Restructurings by Loan Class | The following table presents the purchased non-covered loans by class modified as troubled debt restructurings, which occurred during the three months ending March 31, 2016 and 2015: March 31, 2016 March 31, 2015 Balance Balance Loan class: # (in thousands) # (in thousands) Commercial, financial & agricultural - $ - 1 $ 1 Real estate construction & development - - - - Real estate commercial & farmland 1 29 - - Real estate residential 1 465 - - Consumer installment - - 1 4 Total 2 $ 494 2 $ 5 |
Summary of Troubled Debt Restructuring by Loan Class, Classified Separately under Restructured Terms | The following table presents the troubled debt restructurings by class that defaulted (defined as 30 days past due) during the three months ending March 31, 2016 and 2015: March 31, 2016 March 31, 2015 Balance Balance Loan class: # (in thousands) # (in thousands) Commercial, financial & agricultural - $ - - $ - Real estate construction & development 1 12 1 328 Real estate commercial & farmland - - - - Real estate residential - - - - Consumer installment - - 1 1 Total 1 $ 12 2 $ 329 |
Loans Excluding Purchased Non Covered And Covered Loan [Member] | |
Summary of Past Due Financial Receivables | The following table presents an analysis of past due loans, excluding purchased non-covered and covered loans, as of March 31, 2016, December 31, 2015 and March 31, 2015: Loans 90 Days or Loans Loans Loans 90 More Past 30-59 60-89 or More Total Due and Days Past Days Days Past Loans Current Total Still Due Past Due Due Past Due Loans Loans Accruing (Dollars in Thousands) As of March 31, 2016: Commercial, financial & agricultural $ 1,161 $ 633 $ 870 $ 2,664 $ 431,409 $ 434,073 $ - Real estate construction & development 793 709 1,476 2,978 261,842 264,820 - Real estate commercial & farmland 1,015 539 6,955 8,509 1,146,378 1,154,887 - Real estate residential 6,078 1,084 4,176 11,338 617,800 629,138 - Consumer installment loans 399 92 291 782 31,119 31,901 - Other - - - - 13,188 13,188 - Total $ 9,446 $ 3,057 $ 13,768 $ 26,271 $ 2,501,736 $ 2,528,007 $ - Loans 90 Days or Loans Loans Loans 90 More Past 30-59 60-89 or More Total Due and Days Past Days Days Past Loans Current Total Still Due Past Due Due Past Due Loans Loans Accruing (Dollars in Thousands) As of December 30, 2015: Commercial, financial & agricultural $ 568 $ 271 $ 835 $ 1,674 $ 447,949 $ 449,623 $ - Real estate construction & development 1,413 261 1,739 3,413 241,280 244,693 - Real estate commercial & farmland 1,781 641 6,912 9,334 1,095,657 1,104,991 - Real estate residential 3,806 2,120 5,121 11,047 559,383 570,430 - Consumer installment loans 374 188 238 800 30,325 31,125 - Other - - - - 6,015 6,015 - Total $ 7,942 $ 3,481 $ 14,845 $ 26,268 $ 2,380,609 $ 2,406,877 $ - Loans 90 Days or Loans Loans Loans 90 More Past 30-59 60-89 or More Total Due and Days Past Days Days Past Loans Current Total Still Due Past Due Due Past Due Loans Loans Accruing (Dollars in Thousands) As of March 31, 2015: Commercial, financial & agricultural $ 1,258 $ 2,821 $ 984 $ 5,063 $ 329,854 $ 334,917 $ - Real estate construction & development 404 240 3,205 3,849 174,719 178,568 - Real estate commercial & farmland 6,398 1,285 7,732 15,415 931,859 947,274 - Real estate residential 4,430 1,879 7,569 13,878 482,165 496,043 - Consumer installment loans 367 136 256 759 28,354 29,113 - Other - - - - 13,505 13,505 - Total $ 12,857 $ 6,361 $ 19,746 $ 38,964 $ 1,960,456 $ 1,999,420 $ - |
Summary of Impaired Financial Receivables | The following is a summary of information pertaining to impaired loans, excluding purchased non-covered and covered loans: As of and For the Period Ended March 31, December 31, March 31, 2016 2015 2015 (Dollars in Thousands) Nonaccrual loans $ 15,700 $ 16,860 $ 20,841 Troubled debt restructurings not included above 14,385 14,418 12,935 Total impaired loans $ 30,085 $ 31,278 $ 33,776 Interest income recognized on impaired loans $ 318 $ 909 $ 168 Foregone interest income on impaired loans $ 242 $ 1,204 $ 109 The following table presents an analysis of information pertaining to impaired loans, excluding purchased non-covered and covered loans as of March 31, 2016, December 31, 2015 and March 31, 2015: Unpaid Recorded Recorded Contractual Investment Investment Total Average Principal With No With Recorded Related Recorded Balance Allowance Allowance Investment Allowance Investment (Dollars in Thousands) As of March 31, 2016: Commercial, financial & agricultural $ 3,150 $ 339 $ 1,206 $ 1,545 $ 408 $ 1,544 Real estate construction & development 3,278 230 2,022 2,252 742 2,428 Real estate commercial & farmland 14,530 5,142 7,870 13,012 874 12,898 Real estate residential 13,976 1,662 11,177 12,839 2,223 13,345 Consumer installment loans 519 - 437 437 7 466 Total $ 35,453 $ 7,373 $ 22,712 $ 30,085 $ 4,254 $ 30,681 Unpaid Recorded Recorded Contractual Investment Investment Total Average Principal With No With Recorded Related Recorded Balance Allowance Allowance Investment Allowance Investment (Dollars in Thousands) As of December 31, 2015: Commercial, financial & agricultural $ 3,062 $ 158 $ 1,385 $ 1,543 $ 135 $ 2,275 Real estate construction & development 3,581 230 2,374 2,604 774 3,228 Real estate commercial & farmland 14,385 6,702 6,083 12,785 1,067 15,105 Real estate residential 15,809 1,621 12,230 13,851 2,224 11,977 Consumer installment loans 592 - 495 495 9 488 Total $ 37,429 $ 8,711 $ 22,567 $ 31,278 $ 4,209 $ 33,073 Unpaid Recorded Recorded Contractual Investment Investment Total Average Principal With No With Recorded Related Recorded Balance Allowance Allowance Investment Allowance Investment (Dollars in Thousands) As of March 31, 2015: Commercial, financial & agricultural $ 2,378 $ 5 $ 1,287 $ 1,292 $ 240 $ 1,627 Real estate construction & development 7,397 274 3,801 4,075 667 4,264 Real estate commercial & farmland 16,980 3,280 11,922 15,202 2,127 14,909 Real estate residential 14,181 1,592 11,166 12,758 1,869 12,833 Consumer installment loans 548 - 449 449 6 491 Total $ 41,484 $ 5,151 $ 28,625 $ 33,776 $ 4,909 $ 34,124 |
Summary of Troubled Debt Restructurings by Loan Class | The following table presents the loans by class modified as troubled debt restructurings, excluding purchased non-covered and covered loans, which occurred during the three months ending March 31, 2016 and 2015: March 31, 2016 March 31, 2015 Balance Balance Loan class: # (in thousands) # (in thousands) Commercial, financial & agricultural 1 $ 12 - $ - Real estate construction & development - - - - Real estate commercial & farmland 2 1,605 2 2,015 Real estate residential 1 60 7 666 Consumer installment - - 3 17 Total 4 $ 1,676 12 $ 2,698 |
Financing Receivable Troubled Debt Restructuring [Member] | |
Summary of Financial Receivable Nonaccrual Basis | The following table presents the covered loans by class modified as troubled debt restructurings, during the three months ending March 31, 2016 and 2015: March 31, 2016 March 31, 2015 Balance Balance Loan class: # (in thousands) # (in thousands) Commercial, financial & agricultural 1 $ 76 - $ - Real estate construction & development - - - - Real estate commercial & farmland 1 475 - - Real estate residential 1 23 2 115 Consumer installment - - - - Total 3 $ 574 2 $ 115 |
Covered Loans [Member] | |
Summary of Financial Receivable Nonaccrual Basis | The following table presents an analysis of covered loans accounted for on a nonaccrual basis: March 31, December 31, March 31, (Dollars in Thousands) 2016 2015 2015 Commercial, financial and agricultural $ 2,799 $ 2,803 $ 8,404 Real estate construction and development 1,537 1,701 6,262 Real estate commercial and farmland 5,265 5,034 17,000 Real estate residential 3,694 3,663 6,606 Consumer installment 36 37 87 $ 13,331 $ 13,238 $ 38,359 |
Summary of Past Due Financial Receivables | The following table presents an analysis of covered past-due loans as of March 31, 2016, December 31, 2015 and March 31, 2015: Loans 90 Days or Loans Loans Loans 90 More Past 30-59 60-89 or More Total Due and Days Past Days Days Past Loans Current Total Still Due Past Due Due Past Due Loans Loans Accruing (Dollars in Thousands) As of March 31, 2016: Commercial, financial & agricultural $ 75 $ - $ 2,757 $ 2,832 $ 1,907 $ 4,739 $ - Real estate construction & development 87 - 1,471 1,558 5,647 7,205 - Real estate commercial & farmland 744 50 2,736 3,530 63,525 67,055 - Real estate residential 1,532 805 2,580 4,917 46,259 51,176 - Consumer installment loans - - 36 36 68 104 - Total $ 2,438 $ 855 $ 9,580 $ 12,873 $ 117,406 $ 130,279 $ - Loans 90 Days or Loans Loans Loans 90 More Past 30-59 60-89 or More Total Due and Days Past Days Days Past Loans Current Total Still Due Past Due Due Past Due Loans Loans Accruing (Dollars in Thousands) As of December 30, 2015: Commercial, financial & agricultural $ - $ - $ 2,802 $ 2,802 $ 2,744 $ 5,546 $ - Real estate construction & development 96 - 1,633 1,729 5,883 7,612 - Real estate commercial & farmland 170 205 3,064 3,439 67,787 71,226 - Real estate residential 2,155 1,001 2,658 5,814 47,224 53,038 - Consumer installment loans - - 37 37 70 107 - Total $ 2,421 $ 1,206 $ 10,194 $ 13,821 $ 123,708 $ 137,529 $ - Loans 90 Days or Loans Loans Loans 90 More Past 30-59 60-89 or More Total Due and Days Past Days Days Past Loans Current Total Still Due Past Due Due Past Due Loans Loans Accruing (Dollars in Thousands) As of March 31, 2015: Commercial, financial & agricultural $ 165 $ 225 $ 1,776 $ 2,166 $ 18,739 $ 20,905 $ - Real estate construction & development 455 - 5,605 6,060 13,459 19,519 - Real estate commercial & farmland 2,364 1,150 11,063 14,577 115,713 130,290 - Real estate residential 2,293 1,019 4,999 8,310 66,536 74,847 - Consumer installment loans - - 87 87 97 184 - Total $ 5,277 $ 2,394 $ 23,530 $ 31,201 $ 214,544 $ 245,745 $ - |
Summary of Impaired Financial Receivables | The following is a summary of information pertaining to covered impaired loans: As of and For the Period Ended March 31, December 31, March 31, 2016 2015 2015 (Dollars in Thousands) Nonaccrual loans $ 13,331 $ 13,238 $ 38,359 Troubled debt restructurings not included above 12,308 13,283 20,721 Total impaired loans $ 25,639 $ 26,521 $ 59,080 Interest income recognized on impaired loans $ 185 $ 886 $ 220 Foregone interest income on impaired loans $ 170 $ 1,596 $ 130 The following table presents an analysis of information pertaining to impaired covered loans as of March 31, 2016, December 31, 2015 and March 31, 2015: Unpaid Recorded Recorded Contractual Investment Investment Total Average Principal With No With Recorded Related Recorded Balance Allowance Allowance Investment Allowance Investment (Dollars in Thousands) As of March 31, 2016: Commercial, financial & agricultural $ 4,842 $ - $ 3,107 $ 3,107 $ 111 $ 2,801 Real estate construction & development 8,347 - 2,354 2,354 84 2,403 Real estate commercial & farmland 10,264 - 6,712 6,712 168 6,789 Real estate residential 15,457 4,167 9,256 13,423 166 14,042 Consumer installment loans 51 43 - 43 - 45 Total $ 38,961 $ 4,210 $ 21,429 $ 25,639 $ 529 $ 26,080 Unpaid Recorded Recorded Contractual Investment Investment Total Average Principal With No With Recorded Related Recorded Balance Allowance Allowance Investment Allowance Investment (Dollars in Thousands) As of December 31, 2015: Commercial, financial & agricultural $ 5,188 $ 2,802 $ - $ 2,802 $ - $ 7,408 Real estate construction & development 15,119 2,480 - 2,480 - 6,906 Real estate commercial & farmland 20,508 7,001 - 7,001 - 18,504 Real estate residential 15,830 14,192 - 14,192 - 16,010 Consumer installment loans 60 46 - 46 - 86 Total $ 56,705 $ 26,521 $ - $ 26,521 $ - $ 48,914 Unpaid Recorded Recorded Contractual Investment Investment Total Average Principal With No With Recorded Related Recorded Balance Allowance Allowance Investment Allowance Investment (Dollars in Thousands) As of March 31, 2015: Commercial, financial & agricultural $ 13,512 $ 8,407 $ - $ 8,407 $ - $ 8,495 Real estate construction & development 24,503 9,080 - 9,080 - 9,859 Real estate commercial & farmland 35,493 23,462 - 23,462 - 22,062 Real estate residential 23,585 18,042 - 18,042 - 18,048 Consumer installment loans 119 89 - 89 - 92 Total $ 97,212 $ 59,080 $ - $ 59,080 $ - $ 58,556 |
Summary of Credit Quality Indicate Financial Receivable | The following table presents the covered loan portfolio by risk grade as of March 31, 2016: Commercial, Real estate - Real estate - Risk financial & construction & commercial & Real estate - Consumer Grade agricultural development farmland residential installment loans Other Total (Dollars in Thousands) 10 $ - $ - $ - $ - $ - $ - $ - 15 - - - - - - - 20 47 770 10,443 9,635 - - 20,895 23 25 - 1,797 5,024 - - 6,846 25 1,932 3,704 37,276 23,388 11 - 66,311 30 4 823 3,003 4,338 48 - 8,216 40 2,731 1,908 14,536 8,791 45 - 28,011 50 - - - - - - - 60 - - - - - - - Total $ 4,739 $ 7,205 $ 67,055 $ 51,176 $ 104 $ - $ 130,279 The following table presents the covered loan portfolio by risk grade as of December 31, 2015: Commercial, Real estate - Real estate - Risk financial & construction & commercial & Real estate - Consumer Grade agricultural development farmland residential installment loans Other Total (Dollars in Thousands) 10 $ - $ - $ - $ - $ - $ - $ - 15 - - - - - - - 20 93 800 11,698 10,040 - - 23,631 23 52 - 2,957 5,723 - - 8,732 25 2,594 3,907 38,741 24,345 11 - 69,598 30 5 828 2,857 4,552 - - 8,242 40 2,802 2,077 14,973 8,378 96 - 28,326 50 - - - - - - - 60 - - - - - - - Total $ 5,546 $ 7,612 $ 71,226 $ 53,038 $ 107 $ - $ 137,529 The following table presents the covered loan portfolio by risk grade as of March 31, 2015: Commercial, Real estate - Real estate - Risk financial & construction & commercial & Real estate - Consumer Grade agricultural development farmland residential installment loans Other Total (Dollars in Thousands) 10 $ - $ - $ - $ - $ - $ - $ - 15 667 1,847 734 522 - - 3,770 20 75 458 21,010 13,353 51 - 34,947 23 4,481 8,567 6,382 6,130 - - 25,560 25 5,094 2,594 69,536 36,510 37 - 113,771 30 10,588 6,053 4,053 5,893 9 - 26,596 40 - - 28,575 12,439 87 - 41,101 50 - - - - - - - 60 - - - - - - - Total $ 20,905 $ 19,519 $ 130,290 $ 74,847 $ 184 $ - $ 245,745 |
Summary of Troubled Debt Restructurings by Loan Class | The following table presents the amount of troubled debt restructurings by loan class of covered loans, classified separately as accrual and nonaccrual at March 31, 2016, December 31, 2015 and March 31, 2015: As of March 31, 2016 Accruing Loans Non-Accruing Loans Balance Balance Loan class: # (in thousands) # (in thousands) Commercial, financial & agricultural - $ - 3 $ 77 Real estate construction & development 4 790 - - Real estate commercial & farmland 3 1,311 5 2,133 Real estate residential 96 10,200 26 1,224 Consumer installment 1 7 - - Total 104 $ 12,308 34 $ 3,434 As of December 31, 2015 Accruing Loans Non-Accruing Loans Balance Balance Loan class: # (in thousands) # (in thousands) Commercial, financial & agricultural - $ - 2 $ 1 Real estate construction & development 4 779 - - Real estate commercial & farmland 4 1,967 3 1,067 Real estate residential 97 10,529 26 1,116 Consumer installment 2 8 - - Total 107 $ 13,283 31 $ 2,184 As of March 31, 2015 Accruing Loans Non-Accruing Loans Balance Balance Loan class: # (in thousands) # (in thousands) Commercial, financial & agricultural 1 $ 3 2 $ - Real estate construction & development 3 2,819 1 13 Real estate commercial & farmland 13 6,461 2 1,736 Real estate residential 97 11,436 10 821 Consumer installment 1 2 - - Total 115 $ 20,721 15 $ 2,570 |
Summary of Troubled Debt Restructuring by Loan Class, Classified Separately under Restructured Terms | The following table presents the troubled debt restructurings by class that defaulted (defined as 30 days past due) during the three months ending March 31, 2016 and 2015: March 31, 2016 March 31, 2015 Balance Balance Loan class: # (in thousands) # (in thousands) Commercial, financial & agricultural - $ - - $ - Real estate construction & development - - - - Real estate commercial & farmland 1 613 2 1,728 Real estate residential 7 489 5 362 Consumer installment - - - - Total 8 $ 1,102 7 $ 2,090 |
Accrual And Non Accrual [Member] | Purchased Non Covered Loans [Member] | |
Summary of Troubled Debt Restructurings by Loan Class | The following table presents the amount of troubled debt restructurings by loan class of purchased non-covered loans, classified separately as accrual and nonaccrual at March 31, 2016, December 31, 2015 and March 31, 2015: As of March 31, 2016 Accruing Loans Non-Accruing Loans Balance Balance Loan class: # (in thousands) # (in thousands) Commercial, financial & agricultural 1 $ 2 2 $ 19 Real estate construction & development 2 510 3 39 Real estate commercial & farmland 12 6,003 4 431 Real estate residential 12 2,397 5 486 Consumer installment 2 5 2 2 Total 29 $ 8,917 16 $ 977 As of December 31, 2015 Accruing Loans Non-Accruing Loans Balance Balance Loan class: # (in thousands) # (in thousands) Commercial, financial & agricultural 1 $ 2 2 $ 21 Real estate construction & development 1 363 3 42 Real estate commercial & farmland 14 6,214 3 412 Real estate residential 13 2,789 4 180 Consumer installment 2 5 2 3 Total 31 $ 9,373 14 $ 658 As of March 31, 2015 Accruing Loans Non-Accruing Loans Balance Balance Loan class: # (in thousands) # (in thousands) Commercial, financial & agricultural - $ - 1 $ 1 Real estate construction & development 1 328 - - Real estate commercial & farmland 3 720 1 69 Real estate residential 5 477 2 93 Consumer installment 1 1 1 4 Total 10 $ 1,526 5 $ 167 |
ASSETS ACQUIRED IN FDIC-ASSIS26
ASSETS ACQUIRED IN FDIC-ASSISTED ACQUISITIONS (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Components of Covered Assets | The following table summarizes components of all covered assets at March 31, 2016, December 31, 2015 and March 31, 2015 and their origin: Covered loans Less: Fair Total OREO Less: Fair Total Total FDIC loss-share As of March 31, 2016: AUB $ - $ - $ - $ - $ - $ - $ - $ 261 USB 3,561 (14) 3,547 - - - 3,547 (1,590) SCB 5,187 (87) 5,100 - - - 5,100 138 FBJ 4,498 (541) 3,957 68 - 68 4,025 (20) DBT 15,147 (1,000) 14,147 - - - 14,147 (3,451) TBC 2,027 (10) 2,017 - - - 2,017 94 HTB 43,996 (3,750) 40,246 1,451 (328) 1,123 41,369 3,079 OGB 22,512 (1,249) 21,263 136 - 136 21,399 556 CBG 42,895 (2,893) 40,002 2,602 (165) 2,437 42,439 2,130 Total $ 139,823 $ (9,544) $ 130,279 $ 4,257 $ (493) $ 3,764 $ 134,043 $ 1,197 Covered loans Less: Fair Total OREO Less: Fair Total Total FDIC loss-share As of December 31, 2015: AUB $ - $ - $ - $ - $ - $ - $ - $ 111 USB 3,639 16 3,623 165 - 165 3,788 (1,424) SCB 5,228 124 5,104 - - - 5,104 149 FBJ 4,782 562 4,220 41 - 41 4,261 252 DBT 15,934 1,131 14,803 - - - 14,803 (1,084) TBC 2,159 11 2,148 - - - 2,148 1,446 HTB 44,405 3,881 40,524 2,433 643 1,790 42,314 3,875 OGB 27,561 1,900 25,661 160 - 160 25,821 913 CBG 44,865 3,419 41,446 3,139 284 2,855 44,301 2,063 Total $ 148,573 $ 11,044 $ 137,529 $ 5,938 $ 927 $ 5,011 $ 142,540 $ 6,301 Covered loans Less: Fair Total OREO Less: Fair Total Total FDIC loss-share As of March 31, 2015: AUB $ - $ - $ - $ - $ - $ - $ - $ 248 USB 4,031 19 4,012 165 - 165 4,177 (1,216) SCB 23,803 512 23,291 2,474 389 2,085 25,376 2,093 FBJ 19,409 1,539 17,870 427 56 371 18,241 1,366 DBT 53,832 4,740 49,092 5,716 381 5,335 54,427 3,576 TBC 21,068 570 20,498 1,698 162 1,536 22,034 1,545 HTB 48,384 4,331 44,053 2,885 938 1,947 46,000 7,069 OGB 38,699 2,409 36,290 1,435 39 1,396 37,686 2,748 CBG 56,262 5,623 50,639 3,731 477 3,254 53,893 5,883 Total $ 265,488 $ 19,743 $ 245,745 $ 18,531 $ 2,442 $ 16,089 $ 261,834 $ 23,312 |
Rollforward of Acquired Covered Loans | A rollforward of acquired covered loans for the three months ended March 31, 2016, the year ended December 31, 2015 and the three months ended March 31, 2015 is shown below: (Dollars in Thousands) March 31, December 31, March 31, Balance, January 1 $ 137,529 $ 271,279 $ 271,279 Charge-offs (361) (5,558) (2,812) Accretion 1,487 9,658 4,466 Transfer to covered other real estate owned (158) (7,910) (1,230) Transfer to purchased, non-covered loans due to loss-share expiration - (50,568) - Payments received (8,218) (79,372) (25,958) Ending balance $ 130,279 $ 137,529 $ 245,745 |
Schedule Of Changes In Accretable Discounts Of Acquired Loans | The following is a summary of changes in the accretable discounts of acquired loans during the three months ended March 31, 2016, the year ended December 31, 2015 and the three months ended March 31, 2015: (Dollars in Thousands) March 31, December 31, March 31, Balance, January 1 $ 9,063 $ 15,578 $ 15,578 Accretion (1,487) (9,658) (4,466) Transfer to purchased, non-covered loans due to loss-share expiration - (1,665) - Transfers between non-accretable and accretable discounts, net 366 4,808 1,853 Ending balance $ 7,942 $ 9,063 $ 12,965 |
Changes in FDIC Shared-Loss Receivable | Changes in the FDIC shared-loss receivable for the three months ended March 31, 2016, for the year ended December 31, 2015 and for the three months ended March 31, 2015 are as follows: (Dollars in Thousands) March 31, December 31, March 31, Beginning balance, January 1 $ 6,301 $ 31,351 $ 31,351 Payments received from FDIC (3,299) (19,273) (6,390) Amortization, net (1,545) (8,878) (3,666) Change in clawback liability (91) (2,008) (569) Increase in receivable due to: Charge-offs on covered loans (673) 416 1,602 Write downs of covered other real estate 581 4,752 804 Reimbursable expenses on covered assets 244 2,582 651 Other activity, net (321) (2,641) (471) Ending balance $ 1,197 $ 6,301 $ 23,312 |
OTHER REAL ESTATE OWNED (Tables
OTHER REAL ESTATE OWNED (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Banking and Thrift [Abstract] | |
Summary of Activity in Other Real Estate Owned | The following is a summary of the activity in other real estate owned during the three months ended March 31, 2016, the year ended December 31, 2015 and the three months ended March 31, 2015: (Dollars in Thousands) March 31, December 31, March 31, Beginning balance, January 1 $ 16,147 $ 33,160 $ 33,160 Loans transferred to other real estate owned 1,044 11,261 2,444 Net gains (losses) on sale and write-downs (736) (9,971) (958) Sales proceeds (1,488) (18,303) (2,307) Ending balance $ 14,967 $ 16,147 $ 32,339 |
Summary of Activity in Purchased Non-Covered Other Real Estate Owned | The following is a summary of the activity in purchased, non-covered other real estate owned during the three months ended March 31, 2016, the year ended December 31, 2015 and the three months ended March 31, 2015: (Dollars in Thousands) March 31, December 31, March 31, Beginning balance, January 1 $ 14,333 $ 15,585 $ 15,585 Loans transferred to other real estate owned 1,243 4,473 1,094 Acquired in acquisitions 1,838 2,160 - Transfer from covered other real estate owned due to loss-share expiration - 3,148 - Net gains (losses) on sale and write-downs 58 201 129 Sales proceeds (2,424) (11,234) (2,990) Ending balance $ 15,048 $ 14,333 $ 13,818 |
Summary of Activity in Covered Other Real Estate Owned | The following is a summary of the activity in covered other real estate owned during the three months ended March 31, 2016, the year ended December 31, 2015 and the three months ended March 31, 2015: (Dollars in Thousands) March 31, December 31, March 31, Beginning balance, January 1 $ 5,011 $ 19,907 $ 19,907 Loans transferred to other real estate owned 158 7,910 1,230 Transfer from covered other real estate owned due to loss-share expiration - (3,148) - Net gains (losses) on sale and write-downs (821) (5,926) (1,005) Sales proceeds (584) (13,732) (4,043) Ending balance $ 3,764 $ 5,011 $ 16,089 |
WEIGHTED AVERAGE SHARES OUTST28
WEIGHTED AVERAGE SHARES OUTSTANDING (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Earnings Per Share [Abstract] | |
Summary of Weighted Average Number of Shares | Earnings per share have been computed based on the following weighted average number of common shares outstanding: For the Three 2016 2015 (share data in Basic average shares outstanding 32,752 30,443 Plus: Dilutive effect of ISOs 114 124 Plus: Dilutive effect of Restricted Share Grants 188 229 Diluted average shares outstanding 33,054 30,796 |
SECURITIES SOLD UNDER AGREEME29
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Brokers and Dealers [Abstract] | |
Summary of Securities Sold Under Repurchase Agreements | The following is a summary of the Company’s securities sold under agreements to repurchase at March 31, 2016, December 31, 2015 and March 31, 2015: (Dollars in Thousands) March 31, December 31, March 31, Securities sold under agreements to repurchase $ 43,741 $ 63,585 $ 55,520 |
OTHER BORROWINGS (Tables)
OTHER BORROWINGS (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Debt Disclosure [Abstract] | |
OTHER BORROWINGS | Other borrowings consist of the following: (Dollars in Thousands) March 31, December 31, March 31, Daily Rate Credit from Federal Home Loan Bank with a fixed interest rate of 0.51% $ 47,000 $ - $ - Advance from Federal Home Loan Bank with a fixed interest rate of 2.81%, due July 15, 2016 $ 2,518 $ - $ - Advance from Federal Home Loan Bank with a fixed interest rate of 1.40%, due January 9, 2017 $ 4,020 $ - $ - Advance from Federal Home Loan Bank with a fixed interest rate of 1.23%, due May 30, 2017 $ 5,017 $ - $ - Advances under revolving credit agreement with a regional bank with interest at 90-day LIBOR plus 3.50% (3.78% at March 31, 2016, 3.92% at December 31, 2015 and 3.73% at March 31, 2015) due in August 2017, secured by subsidiary bank stock 36,000 24,000 24,000 Advances under revolving credit agreement with a regional bank with a fixed interest rate of 8.00% due January 2017 879 - - Advance from correspondent bank with a fixed interest rate of 4.50%, due November 27, 2017, secured by subsidiary bank loan receivable - - 4,851 Advance from correspondent bank with a fixed interest rate of 4.25%, due October 15, 2019, secured by subsidiary bank loan receivable 97 - - Subordinated debt issued by The Prosperity Banking Company due September 2016 with an interest rate of 90-day LIBOR plus 1.75% (2.38% at March 31, 2016, 2.28% at December 31, 2015 and 2.02% at March 31, 2015) 15,000 15,000 15,000 Total $ 110,531 $ 39,000 $ 43,851 |
COMMITMENTS AND CONTINGENCIES (
COMMITMENTS AND CONTINGENCIES (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Commitments and Contingencies Disclosure [Abstract] | |
Schedule of Guarantor Obligations | A summary of the Company’s commitments is as follows: (Dollars in Thousands) March 31, December 31, March 31, Commitments to extend credit $ 604,133 $ 548,898 $ 328,191 Unused lines of credit $ 52,814 $ 52,798 $ 143,962 Financial standby letters of credit $ 81,599 $ 14,712 $ 10,548 Mortgage interest rate lock commitments $ 135,250 $ 77,710 $ 91,482 |
ACCUMULATED OTHER COMPREHENSI32
ACCUMULATED OTHER COMPREHENSIVE INCOME (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Equity [Abstract] | |
Summary of Accumulated Other Comprehensive Income | The following tables present a summary of the accumulated other comprehensive income balances, net of tax, as of March 31, 2016 and 2015. (Dollars in Thousands) Unrealized Gain (Loss) Unrealized Gain (Loss) Accumulated Other Balance, January 1, 2016 $ 152 $ 3,201 $ 3,353 Reclassification for gains included in net income, net of tax - (61) (61) Current year changes, net of tax (615) 3,734 3,119 Balance, March 31, 2016 $ (463) $ 6,874 $ 6,411 (Dollars in Thousands) Unrealized Gain (Loss) Unrealized Gain (Loss) Accumulated Other Balance, January 1, 2015 $ 508 $ 5,590 $ 6,098 Reclassification for gains included in net income, net of tax - (8) (8) Current year changes, net of tax (387) 650 263 Balance, March 31, 2015 $ 121 $ 6,232 $ 6,353 |
FAIR VALUE OF FINANCIAL INSTR33
FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Fair Value Disclosures [Abstract] | |
Difference Between Fair Value and Principal Balance for Mortgage Loans Held for Sale Measured at Fair Value | The following table summarizes the difference between the fair value and the principal balance for mortgage loans held for sale measured at fair value as of March 31, 2016, December 31, 2015 and March 31, 2015: March 31, December 31, March 31, (Dollars in Thousands) Aggregate Fair Value of Mortgage Loans held for sale $ 97,439 $ 111,182 $ 73,796 Aggregate Unpaid Principal Balance $ 94,346 $ 107,652 $ 70,905 Past-due loans of 90 days or more $ - $ - $ - Nonaccrual loans $ - $ - $ - |
Fair Value Measurements of Assets and Liabilities Measured on Recurring Basis | The following table presents the fair value measurements of assets and liabilities measured at fair value on a recurring basis and the level within the fair value hierarchy in which the fair value measurements fall as of March 31, 2016, December 31, 2015 and March 31, 2015 (dollars in thousands): Fair Value Measurements on a Recurring Basis Fair Value Quoted Prices Significant Significant U.S. government agencies $ 7,628 $ - $ 7,628 $ - State, county and municipal securities 157,533 - 157,533 - Corporate debt securities 8,522 - 7,022 1,500 Mortgage-backed securities 663,420 - 663,420 - Mortgage loans held for sale 97,439 - 97,439 - Mortgage banking derivative instruments 4,234 - 4,234 - Total recurring assets at fair value $ 938,763 $ - $ 937,263 $ 1,500 Derivative financial instruments $ 2,281 $ - $ 2,281 $ - Mortgage banking derivative instruments 592 - 592 - Total recurring liabilities at fair value $ 2,873 $ - $ 2,873 $ - Fair Value Measurements on a Recurring Basis Fair Value Quoted Prices Significant Significant U.S. government agencies $ 14,890 $ - $ 14,890 $ - State, county and municipal securities 161,316 - 161,316 - Corporate debt securities 6,017 - 3,019 2,998 Mortgage-backed securities 600,962 - 600,962 - Mortgage loans held for sale 111,182 - 111,182 - Mortgage banking derivative instruments 2,687 - 2,687 - Total recurring assets at fair value $ 897,054 $ - $ 894,056 $ 2,998 Derivative financial instruments $ 1,439 $ - $ 1,439 $ - Mortgage banking derivative instruments 137 - 137 - Total recurring liabilities at fair value $ 1,576 $ - $ 1,576 $ - Fair Value Measurements on a Recurring Basis Fair Value Quoted Prices Significant Significant U.S. government agencies $ 14,984 $ - $ 14,984 $ - State, county and municipal securities 159,064 - 159,064 - Corporate debt securities 10,935 - 8,435 2,500 Mortgage-backed securities 425,347 - 425,347 - Mortgage loans held for sale 73,796 - 73,796 - Mortgage banking derivative instruments 4,006 - 4,006 - Total recurring assets at fair value $ 688,132 $ - $ 685,632 $ 2,500 Derivative financial instruments $ 1,805 $ - $ 1,805 $ - Mortgage banking derivative instruments 548 - 548 - Total recurring liabilities at fair value $ 2,353 $ - $ 2,353 $ - |
Summary of Fair Value Measurements of Assets Measured at Fair Value on Non-Recurring Basis | The following table presents the fair value measurements of assets measured at fair value on a non-recurring basis, as well as the general classification of such instruments pursuant to the valuation hierarchy as of March 31, 2016, December 31, 2015 and March 31, 2015 (dollars in thousands): Fair Value Measurements on a Nonrecurring Basis Fair Quoted Significant Significant Impaired loans carried at fair value $ 25,831 $ - $ - $ 25,831 Other real estate owned 1,857 - - 1,857 Purchased, non-covered other real estate owned 15,048 - - 15,048 Covered other real estate owned 3,764 - - 3,764 Total nonrecurring assets at fair value $ 46,500 $ - $ - $ 46,500 Fair Value Measurements on a Nonrecurring Basis Fair Quoted Significant Significant Impaired loans carried at fair value $ 27,069 $ - $ - $ 27,069 Other real estate owned 10,456 - - 10,456 Purchased, non-covered other real estate owned 14,333 - - 14,333 Covered other real estate owned 5,011 - - 5,011 Total nonrecurring assets at fair value $ 56,869 $ - $ - $ 56,869 Fair Value Measurements on a Nonrecurring Basis Fair Quoted Significant Significant Impaired loans carried at fair value $ 28,867 $ - $ - $ 28,867 Purchased, non-covered other real estate owned 13,818 - - 13,818 Covered other real estate owned 16,089 - - 16,089 Total nonrecurring assets at fair value $ 58,774 $ - $ - $ 58,774 |
Summary of Significant Unobservable Inputs Used in Fair Value Measurement of Level 3 Assets and Liabilities | The following table shows significant unobservable inputs used in the fair value measurement of Level 3 assets and liabilities: Fair Value Valuation Technique Unobservable Inputs Range of Weighted As of March 31, 2016 Nonrecurring: Impaired loans $ 25,830 Third-party appraisals and discounted cash flows Collateral discounts and discount rates 0% - 100 % 27 % Other real estate owned $ 1,857 Third-party appraisals, sales contracts, broker price opinions Collateral discounts and estimated costs to sell 10% -90 % 13 % Purchased non-covered real estate owned $ 15,048 Third-party appraisals Collateral discounts and estimated costs to sell 10% -75 % 16 % Covered real estate owned $ 3,764 Third-party appraisals Collateral discounts and estimated costs to sell 15% - 59 % 17 % Recurring: Investment securities available for sale $ 1,500 Discounted par values Credit quality of underlying issuer 0 % 0 % As of December 31, 2015 Nonrecurring: Impaired loans $ 27,069 Third-party appraisals and discounted cash flows Collateral discounts and discount rates 0% - 100 % 29 % Other real estate owned $ 10,456 Third-party appraisals, sales contracts, broker price opinions Collateral discounts and estimated costs to sell 10% -90 % 13 % Purchased non-covered real estate owned $ 14,333 Third-party appraisals Collateral discounts and estimated costs to sell 10% -69 % 19 % Covered real estate owned $ 5,011 Third-party appraisals Collateral discounts and estimated costs to sell 0% - 74 % 12 % Recurring: Investment securities available for sale $ 2,998 Discounted par values Credit quality of underlying issuer 0 % 0 % As of March 31, 2015 Nonrecurring: Impaired loans $ 28,867 Third-party appraisals and discounted cash flows Collateral discounts and discount rates 0% - 70 % 24 % Purchased non-covered real estate owned $ 13,818 Third-party appraisals Collateral discounts and estimated costs to sell 10% -96 % 16 % Covered real estate owned $ 16,089 Third-party appraisals Collateral discounts and estimated costs to sell 10% - 70 % 9 % Recurring: Investment securities available for sale $ 2,500 Discounted par values Credit quality of underlying issuer 0 % 0 % |
Carrying Amount and Estimated Fair Value of Financial Instruments | The carrying amount and estimated fair value of the Company’s financial instruments, not shown elsewhere in these financial statements, were as follows: Fair Value Measurements at March 31, 2016 Using: Carrying Level 1 Level 2 Level 3 Total (Dollars in Thousands) Financial assets: Cash and due from banks $ 146,863 $ 146,863 $ - $ - $ 146,863 Federal funds sold and interest-bearing accounts 107,373 107,373 - - 107,373 Loans, net 4,495,066 - - 4,518,521 4,518,521 FDIC loss-share receivable 1,197 - - (5,114) (5,114) Accrued interest receivable 20,940 20,940 - - 20,940 Financial liabilities: Deposits $ 5,230,787 $ - $ 5,231,556 $ - $ 5,231,556 Securities sold under agreements to repurchase 43,741 43,741 - - 43,741 Other borrowings 110,531 - 110,531 - 110,531 Accrued interest payable 1,119 1,119 - - 1,119 Subordinated deferrable interest debentures 83,237 - 66,783 - 66,783 Fair Value Measurements at December 31, 2015 Using: Carrying Level 1 Level 2 Level 3 Total (Dollars in Thousands) Financial assets: Cash and due from banks $ 118,518 $ 118,518 $ - $ - $ 118,518 Federal funds sold and interest-bearing accounts 272,045 272,045 - - 272,045 Loans, net 3,971,974 - - 3,982,606 3,982,606 FDIC loss-share receivable 6,301 - - (944) (944) Accrued interest receivable 21,274 21,274 - - 21,274 Financial liabilities: Deposits $ 4,879,290 $ - $ 4,880,294 $ - $ 4,880,294 Securities sold under agreements to repurchase 63,585 63,585 - - 63,585 Other borrowings 39,000 - 39,000 - 39,000 Accrued interest payable 1,054 1,054 - - 1,054 Subordinated deferrable interest debentures 69,874 - 52,785 - 52,785 Fair Value Measurements at March 31, 2015 Using: Carrying Level 1 Level 2 Level 3 Total (Dollars in Thousands) Financial assets: Cash and due from banks $ 80,142 $ 80,142 $ - $ - $ 80,142 Federal funds sold and interest-bearing accounts 126,157 126,157 - - 126,157 Loans, net 2,837,538 - - 2,885,524 2,885,524 FDIC loss-share receivable 23,312 - - 9,990 9,990 Accrued interest receivable 15,332 15,332 - - 15,332 Financial liabilities: Deposits $ 3,480,231 $ - $ 3,481,470 $ - $ 3,481,470 Securities sold under agreements to repurchase 55,520 55,520 - - 55,520 Other borrowings 43,851 - 43,851 - 43,851 Accrued interest payable 1,177 1,177 - - 1,177 Subordinated deferrable interest debentures 65,567 - 47,055 - 47,055 |
SEGMENT REPORTING (Tables)
SEGMENT REPORTING (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Segment Reporting [Abstract] | |
Schedule of Financial Information with Respect to Company's Reportable Business Segments | The following tables present selected financial information with respect to the Company’s reportable business segments for the three months ended March 31, 2016 and 2015: Three Months Ended Banking Retail Mortgage Warehouse SBA Division Total (Dollars in Thousands) Interest income $ 49,779 $ 3,020 $ 1,019 $ 741 $ 54,559 Interest expense 3,978 - - 145 4,123 Net interest income 45,801 3,020 1,019 596 50,436 Provision for loan losses 681 - - - 681 Noninterest income 12,735 9,624 333 1,594 24,286 Noninterest expense Salaries and employee benefits 18,989 6,347 188 663 26,187 Equipment and occupancy expenses 5,150 488 1 61 5,700 Data processing and telecommunications expenses 5,820 272 20 1 6,113 Other expenses 16,436 956 25 183 17,600 Total noninterest expense 46,395 8,063 234 908 55,600 Income before income tax expense 11,460 4,581 1,118 1,282 18,441 Income tax expense 3,681 1,603 391 449 6,124 Net income $ 7,779 $ 2,978 $ 727 $ 833 $ 12,317 Total assets $ 5,634,850 $ 260,038 $ 137,461 $ 65,422 $ 6,097,771 Other intangible assets, net $ 21,892 $ - $ - $ - $ 21,892 Goodwill $ 121,512 $ - $ - $ - $ 121,512 Three Months Ended Banking Retail Mortgage Warehouse SBA Division Total (Dollars in Thousands) Interest income $ 39,297 $ 1,545 $ 835 $ 691 $ 42,368 Interest expense 3,458 - - 78 3,536 Net interest income 35,839 1,545 835 613 38,832 Provision for loan losses 927 142 - - 1,069 Noninterest income 8,780 7,610 273 912 17,575 Noninterest expense Salaries and employee benefits 15,362 4,527 127 616 20,632 Equipment and occupancy expenses 4,144 380 2 28 4,554 Data processing and telecommunications expenses 4,011 212 33 4 4,260 Other expenses 10,356 932 36 57 11,381 Total noninterest expense 33,873 6,051 198 705 40,827 Income before income tax expense 9,819 2,962 910 820 14,511 Income tax expense 3,105 1,037 319 287 4,747 Net income $ 6,714 $ 1,925 $ 592 $ 533 $ 9,764 Total assets $ 3,839,417 $ 154,766 $ 89,711 $ 69,010 $ 4,152,904 Other intangible assets, net $ 7,591 $ - $ - $ - $ 7,591 Goodwill $ 63,547 $ - $ - $ - $ 63,547 |
BUSINESS COMBINATIONS (Details)
BUSINESS COMBINATIONS (Details) - USD ($) $ / shares in Units, $ in Thousands | Mar. 11, 2016 | Jun. 12, 2015 | May. 22, 2015 | Mar. 31, 2016 | Dec. 31, 2015 | Mar. 31, 2015 | |
Deposits: | |||||||
Federal funds purchased and securities sold under agreements to repurchase | $ 5,100 | ||||||
Goodwill | 121,512 | $ 90,082 | $ 63,547 | ||||
Bank Of America [Member] | |||||||
Assets | |||||||
Cash and cash equivalents | $ 630,220 | ||||||
Loans | 4,363 | ||||||
Premises and equipment | 10,348 | ||||||
Intangible assets | 0 | ||||||
Other assets | 126 | ||||||
Total assets | 645,057 | ||||||
Deposits: | |||||||
Noninterest-bearing | 149,854 | ||||||
Interest-bearing | 495,110 | ||||||
Total deposits | 644,964 | ||||||
Other liabilities | 93 | ||||||
Total liabilities | 645,057 | ||||||
Net identifiable assets acquired over (under) liabilities assumed | 0 | ||||||
Goodwill | 0 | ||||||
Net assets acquired over (under) liabilities assumed | 0 | ||||||
Consideration: | |||||||
Cash exchanged for shares | 20,000 | ||||||
Cash paid as deposit premium | 20,002 | ||||||
Fair value of total consideration transferred | 20,002 | ||||||
Bank Of America [Member] | Subsequent Fair Value Adjustments [Member] | |||||||
Assets | |||||||
Cash and cash equivalents | 0 | ||||||
Loans | [1] | (364) | |||||
Premises and equipment | [2] | (755) | |||||
Intangible assets | 985 | ||||||
Other assets | 0 | ||||||
Total assets | (134) | ||||||
Deposits: | |||||||
Noninterest-bearing | 0 | ||||||
Interest-bearing | 0 | ||||||
Total deposits | 0 | ||||||
Other liabilities | 0 | ||||||
Total liabilities | 0 | ||||||
Net identifiable assets acquired over (under) liabilities assumed | (134) | ||||||
Goodwill | 134 | ||||||
Net assets acquired over (under) liabilities assumed | 0 | ||||||
Bank Of America [Member] | Initial Fair Value Adjustments [Member] | |||||||
Assets | |||||||
Cash and cash equivalents | 0 | ||||||
Loans | 0 | ||||||
Premises and equipment | [3] | 1,060 | |||||
Intangible assets | [4] | 7,651 | |||||
Total assets | 8,711 | ||||||
Deposits: | |||||||
Noninterest-bearing | 0 | ||||||
Interest-bearing | [1] | (215) | |||||
Total deposits | (215) | ||||||
Other liabilities | 0 | ||||||
Total liabilities | (215) | ||||||
Net identifiable assets acquired over (under) liabilities assumed | 8,926 | ||||||
Goodwill | 11,076 | ||||||
Net assets acquired over (under) liabilities assumed | 20,002 | ||||||
Bank Of America [Member] | As Recorded by Acquired Bank [Member] | |||||||
Assets | |||||||
Cash and cash equivalents | 630,220 | ||||||
Loans | 3,999 | ||||||
Premises and equipment | 10,653 | ||||||
Intangible assets | 8,636 | ||||||
Other assets | 126 | ||||||
Total assets | 653,634 | ||||||
Deposits: | |||||||
Noninterest-bearing | 149,854 | ||||||
Interest-bearing | 494,895 | ||||||
Total deposits | 644,749 | ||||||
Other liabilities | 93 | ||||||
Total liabilities | 644,842 | ||||||
Net identifiable assets acquired over (under) liabilities assumed | 8,792 | ||||||
Goodwill | 11,210 | ||||||
Net assets acquired over (under) liabilities assumed | $ 20,002 | ||||||
Merchants and Southern Banks of Florida [Member] | |||||||
Assets | |||||||
Cash and cash equivalents | $ 7,527 | ||||||
Federal funds sold and interest-bearing balances | 106,188 | ||||||
Investment securities | 164,421 | ||||||
Other investments | 872 | ||||||
Loans | 199,955 | ||||||
Less allowance for loan losses | (3,354) | ||||||
Loans, net | 196,601 | ||||||
Other real estate owned | 4,082 | ||||||
Premises and equipment | 14,614 | ||||||
Intangible assets | 0 | ||||||
Other assets | 2,333 | ||||||
Total assets | 496,638 | ||||||
Deposits: | |||||||
Noninterest-bearing | 121,708 | ||||||
Interest-bearing | 286,112 | ||||||
Total deposits | 407,820 | ||||||
Federal funds purchased and securities sold under agreements to repurchase | 41,588 | ||||||
Other liabilities | 2,151 | ||||||
Subordinated deferrable interest debentures | 6,186 | ||||||
Total liabilities | 457,745 | ||||||
Net identifiable assets acquired over (under) liabilities assumed | 38,893 | ||||||
Goodwill | 0 | ||||||
Net assets acquired over (under) liabilities assumed | 38,893 | ||||||
Consideration: | |||||||
Cash exchanged for shares | 50,000 | ||||||
Fair value of total consideration transferred | 50,000 | ||||||
Merchants and Southern Banks of Florida [Member] | Subsequent Fair Value Adjustments [Member] | |||||||
Assets | |||||||
Cash and cash equivalents | 0 | ||||||
Federal funds sold and interest-bearing balances | 0 | ||||||
Investment securities | [5] | (639) | |||||
Other investments | [6] | (253) | |||||
Loans | 0 | ||||||
Less allowance for loan losses | 0 | ||||||
Loans, net | 0 | ||||||
Other real estate owned | 0 | ||||||
Premises and equipment | 0 | ||||||
Intangible assets | [7] | (634) | |||||
Other assets | [8] | (1,109) | |||||
Total assets | (2,635) | ||||||
Deposits: | |||||||
Noninterest-bearing | 0 | ||||||
Interest-bearing | [9] | 41,588 | |||||
Total deposits | 0 | ||||||
Federal funds purchased and securities sold under agreements to repurchase | [9] | (41,588) | |||||
Other liabilities | 0 | ||||||
Subordinated deferrable interest debentures | 0 | ||||||
Total liabilities | 0 | ||||||
Net identifiable assets acquired over (under) liabilities assumed | (2,635) | ||||||
Goodwill | 2,635 | ||||||
Net assets acquired over (under) liabilities assumed | 0 | ||||||
Merchants and Southern Banks of Florida [Member] | Initial Fair Value Adjustments [Member] | |||||||
Assets | |||||||
Cash and cash equivalents | 0 | ||||||
Federal funds sold and interest-bearing balances | 0 | ||||||
Investment securities | [10] | (553) | |||||
Other investments | 0 | ||||||
Loans | [11] | (8,500) | |||||
Less allowance for loan losses | [12] | 3,354 | |||||
Loans, net | (5,146) | ||||||
Other real estate owned | [13] | (1,115) | |||||
Premises and equipment | [14] | (3,680) | |||||
Intangible assets | [4] | 4,577 | |||||
Other assets | [15] | 2,335 | |||||
Total assets | (3,582) | ||||||
Deposits: | |||||||
Noninterest-bearing | 0 | ||||||
Interest-bearing | 0 | ||||||
Total deposits | 0 | ||||||
Federal funds purchased and securities sold under agreements to repurchase | 0 | ||||||
Other liabilities | [16] | 81 | |||||
Subordinated deferrable interest debentures | [17] | (2,680) | |||||
Total liabilities | (2,599) | ||||||
Net identifiable assets acquired over (under) liabilities assumed | (983) | ||||||
Goodwill | 12,090 | ||||||
Net assets acquired over (under) liabilities assumed | 11,107 | ||||||
Merchants and Southern Banks of Florida [Member] | As Recorded by Acquired Bank [Member] | |||||||
Assets | |||||||
Cash and cash equivalents | 7,527 | ||||||
Federal funds sold and interest-bearing balances | 106,188 | ||||||
Investment securities | 163,229 | ||||||
Other investments | 619 | ||||||
Loans | 191,455 | ||||||
Less allowance for loan losses | 0 | ||||||
Loans, net | 191,455 | ||||||
Other real estate owned | 2,967 | ||||||
Premises and equipment | 10,934 | ||||||
Intangible assets | 3,943 | ||||||
Other assets | 3,559 | ||||||
Total assets | 490,421 | ||||||
Deposits: | |||||||
Noninterest-bearing | 121,708 | ||||||
Interest-bearing | 327,700 | ||||||
Total deposits | 449,408 | ||||||
Federal funds purchased and securities sold under agreements to repurchase | 0 | ||||||
Other liabilities | 2,232 | ||||||
Subordinated deferrable interest debentures | 3,506 | ||||||
Total liabilities | 455,146 | ||||||
Net identifiable assets acquired over (under) liabilities assumed | 35,275 | ||||||
Goodwill | 14,725 | ||||||
Net assets acquired over (under) liabilities assumed | $ 50,000 | ||||||
Jacksonville Bancorp, Inc [Member] | |||||||
Assets | |||||||
Cash and cash equivalents | 9,704 | ||||||
Federal funds sold and interest-bearing balances | 7,027 | ||||||
Investment securities | 59,894 | ||||||
Other investments | 2,458 | ||||||
Loans | 401,085 | ||||||
Less allowance for loan losses | 0 | ||||||
Loans, net | 401,085 | ||||||
Other real estate owned | 1,838 | ||||||
Premises and equipment | 4,798 | ||||||
Intangible assets | 5,854 | ||||||
Other assets | 37,407 | ||||||
Total assets | 530,065 | ||||||
Deposits: | |||||||
Noninterest-bearing | 123,399 | ||||||
Interest-bearing | 277,960 | ||||||
Total deposits | 401,359 | ||||||
Other borrowings | 48,434 | ||||||
Other liabilities | 2,354 | ||||||
Subordinated deferrable interest debentures | 12,901 | ||||||
Total liabilities | 465,048 | ||||||
Net identifiable assets acquired over (under) liabilities assumed | 65,017 | ||||||
Goodwill | $ 31,400 | 31,375 | |||||
Net assets acquired over (under) liabilities assumed | 96,392 | ||||||
Consideration: | |||||||
Ameris Bancorp common shares issued | 2,549,469 | ||||||
Company common stock issued | $ 72,500 | ||||||
Cash exchanged for shares | $ 23,900 | ||||||
Jacksonville Bancorp, Inc [Member] | Initial Fair Value Adjustments [Member] | |||||||
Assets | |||||||
Cash and cash equivalents | 0 | ||||||
Federal funds sold and interest-bearing balances | 0 | ||||||
Investment securities | [10] | (942) | |||||
Other investments | 0 | ||||||
Loans | [18] | (15,746) | |||||
Less allowance for loan losses | [19] | 12,613 | |||||
Loans, net | (3,133) | ||||||
Other real estate owned | [20] | (1,035) | |||||
Premises and equipment | 0 | ||||||
Intangible assets | [4] | 5,566 | |||||
Other assets | [21] | 23,266 | |||||
Total assets | 23,722 | ||||||
Deposits: | |||||||
Noninterest-bearing | 0 | ||||||
Interest-bearing | [1] | 421 | |||||
Total deposits | 421 | ||||||
Other borrowings | [22] | 84 | |||||
Other liabilities | 0 | ||||||
Subordinated deferrable interest debentures | [23] | (3,393) | |||||
Total liabilities | (2,888) | ||||||
Net identifiable assets acquired over (under) liabilities assumed | 26,610 | ||||||
Goodwill | 31,375 | ||||||
Net assets acquired over (under) liabilities assumed | 57,985 | ||||||
Jacksonville Bancorp, Inc [Member] | As Recorded by Acquired Bank [Member] | |||||||
Assets | |||||||
Cash and cash equivalents | 9,704 | ||||||
Federal funds sold and interest-bearing balances | 7,027 | ||||||
Investment securities | 60,836 | ||||||
Other investments | 2,458 | ||||||
Loans | 416,831 | ||||||
Less allowance for loan losses | (12,613) | ||||||
Loans, net | 404,218 | ||||||
Other real estate owned | 2,873 | ||||||
Premises and equipment | 4,798 | ||||||
Intangible assets | 288 | ||||||
Other assets | 14,141 | ||||||
Total assets | 506,343 | ||||||
Deposits: | |||||||
Noninterest-bearing | 123,399 | ||||||
Interest-bearing | 277,539 | ||||||
Total deposits | 400,938 | ||||||
Other borrowings | 48,350 | ||||||
Other liabilities | 2,354 | ||||||
Subordinated deferrable interest debentures | 16,294 | ||||||
Total liabilities | 467,936 | ||||||
Net identifiable assets acquired over (under) liabilities assumed | 38,407 | ||||||
Goodwill | 0 | ||||||
Net assets acquired over (under) liabilities assumed | $ 38,407 | ||||||
Consideration: | |||||||
Ameris Bancorp common shares issued | 2,549,469 | ||||||
Purchase price per share of the Company’s common stock | $ 28.42 | ||||||
Company common stock issued | $ 72,456 | ||||||
Cash exchanged for shares | 23,936 | ||||||
Fair value of total consideration transferred | $ 96,392 | ||||||
[1] | Adjustment reflects the fair value adjustments based on the Company’s evaluation of the acquired deposits. | ||||||
[2] | Adjustment reflects additional recording of fair value adjustment of the premises and equipment. | ||||||
[3] | Adjustment reflects the fair value adjustments of the premises and equipment as of the acquisition date. | ||||||
[4] | Adjustment reflects the recording of core deposit intangible on the acquired core deposit accounts. | ||||||
[5] | Adjustment reflects the additional fair value adjustments of the portfolio of securities available for sale as of the acquisition date. | ||||||
[6] | Adjustment reflects the fair value adjustments of other investments as of the acquisition date. | ||||||
[7] | Adjustment reflects adjustment to the core deposit intangible on the acquired core deposit accounts. | ||||||
[8] | Adjustment reflects the additional deferred taxes on the difference in the carrying values of acquired assets and assumed liabilities for financial reporting purposes and their basis for federal income tax purposes. | ||||||
[9] | Subsequent to acquisition, the acquired securities sold under agreements to repurchase were converted to deposit accounts and are no longer reported as securities sold under agreements to repurchase on the Consolidated Balance Sheet as of December 31, 2015. | ||||||
[10] | Adjustment reflects the fair value adjustments of the portfolio of securities available for sale as of the acquisition date. | ||||||
[11] | Adjustment reflects the fair value adjustments based on the Company’s evaluation of the acquired loan portfolio. | ||||||
[12] | Adjustment reflects the elimination of Merchants’ allowance for loan losses. | ||||||
[13] | Adjustment reflects the fair value adjustment based on the Company’s evaluation of the acquired OREO portfolio. | ||||||
[14] | Adjustment reflects the fair value adjustment based on the Company’s evaluation of the acquired premises. | ||||||
[15] | Adjustment reflects the deferred taxes on the difference in the carrying values of acquired assets and assumed liabilities for financial reporting purposes and their basis for federal income tax purposes. | ||||||
[16] | Adjustment reflects the fair value adjustments based on the Company’s evaluation of interest rate swap liabilities. | ||||||
[17] | Adjustment reflects the fair value adjustment to the subordinated deferrable interest debentures at the acquisition date. | ||||||
[18] | Adjustment reflects the fair value adjustments based on the Company’s evaluation of the acquired loan portfolio, net of the reversal of JAXB remaining fair value adjustments from their prior acquisitions. | ||||||
[19] | Adjustment reflects the elimination of JAXB’s allowance for loan losses. | ||||||
[20] | Adjustment reflects the fair value adjustment based on the Company’s evaluation of the acquired OREO portfolio, which is based largely on contracted sale prices. | ||||||
[21] | Adjustment reflects the deferred taxes on the difference in the carrying values of acquired assets and assumed liabilities for financial reporting purposes and their basis for federal income tax purposes and the reversal of JAXB valuation allowance established on their deferred tax assets. | ||||||
[22] | Adjustment reflects the fair value adjustments based on the Company’s evaluation of the liability for other borrowings. | ||||||
[23] | Adjustment reflects the fair value adjustment to the subordinated deferrable interest debentures at the acquisition date, net of the reversal of JAXB remaining fair value adjustments from their prior acquisitions. |
BUSINESS COMBINATIONS (Details
BUSINESS COMBINATIONS (Details 1) $ in Thousands | Mar. 31, 2016USD ($) |
Merchants and Southern Banks of Florida [Member] | |
Contractually required principal and interest | $ 17,201 |
Non-accretable difference | (2,712) |
Cash flows expected to be collected | 14,489 |
Accretable yield | (3,254) |
Total purchased credit-impaired loans acquired | 11,235 |
Jacksonville Bancorp, Inc [Member] | |
Contractually required principal and interest | 42,314 |
Non-accretable difference | (7,877) |
Cash flows expected to be collected | 34,437 |
Accretable yield | (6,182) |
Total purchased credit-impaired loans acquired | $ 28,255 |
BUSINESS COMBINATIONS (Detail37
BUSINESS COMBINATIONS (Details 2) - USD ($) $ in Thousands | Mar. 11, 2016 | Mar. 22, 2015 |
Merchants and Southern Banks of Florida [Member] | ||
Acquired receivables subject to ASC 310-30, Fair Value of Acquired Loans at Acquisition Date | $ 11,235 | |
Acquired receivables subject to ASC 310-30, Gross Contractual Amounts Receivable at Acquisition Date | 14,086 | |
Acquired receivables subject to ASC 310-30, Best Estimate at Acquisition Date of Contractual Cash Flows Not Expected to be Collected | 2,712 | |
Acquired receivables not subject to ASC 310-30, Fair Value of Acquired Loans at Acquisition Date | 180,220 | |
Acquired receivables not subject to ASC 310-30, Gross Contractual Amounts Receivable at Acquisition Date | 184,906 | |
Acquired receivables not subject to ASC 310-30, Best Estimate at Acquisition Date of Contractual Cash Flows Not Expected to be Collected | $ 0 | |
Jacksonville Bancorp, Inc [Member] | ||
Acquired receivables subject to ASC 310-30, Fair Value of Acquired Loans at Acquisition Date | $ 28,255 | |
Acquired receivables subject to ASC 310-30, Gross Contractual Amounts Receivable at Acquisition Date | 42,314 | |
Acquired receivables subject to ASC 310-30, Best Estimate at Acquisition Date of Contractual Cash Flows Not Expected to be Collected | 7,877 | |
Acquired receivables not subject to ASC 310-30, Fair Value of Acquired Loans at Acquisition Date | 372,830 | |
Acquired receivables not subject to ASC 310-30, Gross Contractual Amounts Receivable at Acquisition Date | 488,346 | |
Acquired receivables not subject to ASC 310-30, Best Estimate at Acquisition Date of Contractual Cash Flows Not Expected to be Collected | $ 0 |
BUSINESS COMBINATIONS (Detail38
BUSINESS COMBINATIONS (Details 3) - Coastal Bankshares, Inc. [Member] - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Net interest income and noninterest income | $ 78,798 | $ 64,931 |
Net income | $ 13,052 | $ 12,195 |
Income per common share available to common stockholders - basic | $ 0.38 | $ 0.37 |
Income per common share available to common stockholders - diluted | $ 0.37 | $ 0.37 |
Average number of shares outstanding, basic | 34,741 | 32,992 |
Average number of shares outstanding, diluted | 35,043 | 33,345 |
BUSINESS COMBINATIONS (Detail39
BUSINESS COMBINATIONS (Details 4) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | Dec. 31, 2015 | |
Balance, beginning of year | $ 9,063 | $ 15,578 | $ 15,578 |
Accretion | 1,487 | 4,466 | 9,658 |
Transfers to purchased non-covered other real estate owned | (1,243) | (1,094) | |
Transfer from covered loans due to loss-share expiration | 0 | 0 | 1,665 |
Balance, ending of year | 7,942 | 12,965 | 9,063 |
Non Covered Loan [Member] | |||
Balance, beginning of year | 771,554 | 674,239 | 674,239 |
Charge-offs, net of recoveries | (317) | (244) | (991) |
Additions due to acquisitions | 401,085 | 0 | 195,818 |
Accretion | 2,647 | 3,111 | 10,590 |
Transfers to purchased non-covered other real estate owned | (1,243) | (1,094) | (4,473) |
Transfer from covered loans due to loss-share expiration | 0 | 0 | 50,568 |
Payments received | (43,807) | (32,920) | (154,666) |
Other | 0 | 0 | 469 |
Balance, ending of year | $ 1,129,919 | $ 643,092 | $ 771,554 |
BUSINESS COMBINATIONS (Detail40
BUSINESS COMBINATIONS (Details 5) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | Dec. 31, 2015 | |
Schedule Of Covered Loans Acquired Accretable Discounts [Line Items] | |||
Balance, beginning of year | $ 9,063 | $ 15,578 | $ 15,578 |
Accretion | (2,647) | (3,111) | |
Transfer from covered loans due to loss-share expiration | 0 | 0 | 1,665 |
Transfers between non-accretable and accretable discounts, net | 366 | 1,853 | 4,808 |
Balance, ending of year | 7,942 | 12,965 | 9,063 |
Non Covered Loan [Member] | |||
Schedule Of Covered Loans Acquired Accretable Discounts [Line Items] | |||
Balance, beginning of year | 771,554 | 674,239 | 674,239 |
Additions due to acquisitions | 401,085 | 0 | 195,818 |
Transfer from covered loans due to loss-share expiration | 0 | 0 | 50,568 |
Balance, ending of year | 1,129,919 | 643,092 | 771,554 |
Discount Accretion [Member] | Non Covered Loan [Member] | |||
Schedule Of Covered Loans Acquired Accretable Discounts [Line Items] | |||
Balance, beginning of year | 24,785 | 25,716 | 25,716 |
Additions due to acquisitions | 9,991 | 0 | 5,788 |
Accretion | (2,647) | (3,111) | (10,590) |
Transfer from covered loans due to loss-share expiration | 0 | 0 | 1,665 |
Accretable discounts removed due to charge-offs | (11) | (1,380) | (1,768) |
Transfers between non-accretable and accretable discounts, net | 353 | (996) | 3,974 |
Balance, ending of year | $ 32,471 | $ 20,229 | $ 24,785 |
BUSINESS COMBINATIONS (Detail41
BUSINESS COMBINATIONS (Details Textual) | Mar. 11, 2016USD ($)shares | Jun. 12, 2015USD ($) | May. 22, 2015USD ($) | Mar. 31, 2016USD ($)shares | Dec. 31, 2015USD ($) | Mar. 31, 2015USD ($) |
Goodwill, excess of the merger consideration over fair value of net assets | $ 121,512,000 | $ 90,082,000 | $ 63,547,000 | |||
Description of Merger Agreement | Under the terms of the merger, JAXBs common shareholders received 0.5861 shares of Ameris common stock or $16.50 in cash for each share of JAXB common stock or nonvoting common stock they previously held, subject to the total consideration being allocated 75% stock and 25% cash | |||||
Merchants and Southern Banks of Florida [Member] | ||||||
Number of banking locations | 13 | |||||
Goodwill, excess of the merger consideration over fair value of net assets | $ 0 | |||||
Fair value of loans acquired | 191,500,000 | |||||
Net of loans acquired | $ 8,500,000 | |||||
Estimated discount | 4.25% | |||||
Accretable yield | $ 11,200,000 | |||||
Payments to Acquire Businesses, Gross | 50,000,000 | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment | 14,614,000 | |||||
Purchase price | 50,000,000 | |||||
Merchants and Southern Banks of Florida [Member] | As Recorded by Acquired Bank [Member] | ||||||
Goodwill, excess of the merger consideration over fair value of net assets | 14,725,000 | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment | $ 10,934,000 | |||||
Bank Of America [Member] | ||||||
Goodwill, excess of the merger consideration over fair value of net assets | $ 0 | |||||
Fair value of loans acquired | 4,000,000 | |||||
Net of loans acquired | 4,000,000 | |||||
Accretable yield | $ 364,000 | |||||
Number Of Bank Branches | 18 | |||||
Deposit Premium On Deposits Assumed | 3.00% | |||||
Average Daily Deposits Period | 15 days | |||||
Payments to Acquire Businesses, Gross | $ 20,000,000 | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment | 10,348,000 | |||||
Purchase price | 20,002,000 | |||||
Bank Of America [Member] | As Recorded by Acquired Bank [Member] | ||||||
Goodwill, excess of the merger consideration over fair value of net assets | 11,210,000 | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment | $ 10,653,000 | |||||
Jacksonville Bancorp, Inc [Member] | ||||||
Goodwill, excess of the merger consideration over fair value of net assets | $ 31,400,000 | 31,375,000 | ||||
Issuance of common stock, shares | shares | 2,549,469 | |||||
Accretable yield | 28,300,000 | |||||
Payments to Acquire Businesses, Gross | $ 23,900,000 | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment | 4,798,000 | |||||
Discount on loans acquired | $ 15,700,000 | |||||
Percentage of discount on loans acquired | 3.78% | |||||
Business Acquisition, Equity Interest Issued or Issuable, Value Assigned | $ 72,500,000 | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-term Debt | $ 401,100,000 | |||||
Jacksonville Bancorp, Inc [Member] | As Recorded by Acquired Bank [Member] | ||||||
Goodwill, excess of the merger consideration over fair value of net assets | $ 0 | |||||
Issuance of common stock, shares | shares | 2,549,469 | |||||
Payments to Acquire Businesses, Gross | $ 23,936,000 | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment | 4,798,000 | |||||
Purchase price | 96,392,000 | |||||
Business Acquisition, Equity Interest Issued or Issuable, Value Assigned | $ 72,456,000 |
INVESTMENT SECURITIES (Details)
INVESTMENT SECURITIES (Details) - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 | Mar. 31, 2015 |
Schedule of Available-for-sale Securities [Line Items] | |||
Amortized Cost | $ 826,527 | $ 778,261 | $ 600,744 |
Gross Unrealized Gains | 12,120 | 8,136 | 11,250 |
Gross Unrealized Losses | (1,544) | (3,212) | (1,664) |
Fair Value | 837,103 | 783,185 | 610,330 |
U.S. government sponsored agencies [Member] | |||
Schedule of Available-for-sale Securities [Line Items] | |||
Amortized Cost | 7,592 | 14,959 | 14,954 |
Gross Unrealized Gains | 45 | 0 | 72 |
Gross Unrealized Losses | (9) | (69) | (42) |
Fair Value | 7,628 | 14,890 | 14,984 |
State, county and municipal securities [Member] | |||
Schedule of Available-for-sale Securities [Line Items] | |||
Amortized Cost | 152,764 | 157,681 | 154,499 |
Gross Unrealized Gains | 4,894 | 4,046 | 4,800 |
Gross Unrealized Losses | (125) | (411) | (235) |
Fair Value | 157,533 | 161,316 | 159,064 |
Corporate Debt Securities [Member] | |||
Schedule of Available-for-sale Securities [Line Items] | |||
Amortized Cost | 8,407 | 5,900 | 10,794 |
Gross Unrealized Gains | 139 | 145 | 193 |
Gross Unrealized Losses | (24) | (28) | (52) |
Fair Value | 8,522 | 6,017 | 10,935 |
Mortgage-backed securities [Member] | |||
Schedule of Available-for-sale Securities [Line Items] | |||
Amortized Cost | 657,764 | 599,721 | 420,497 |
Gross Unrealized Gains | 7,042 | 3,945 | 6,185 |
Gross Unrealized Losses | (1,386) | (2,704) | (1,335) |
Fair Value | $ 663,420 | $ 600,962 | $ 425,347 |
INVESTMENT SECURITIES (Details
INVESTMENT SECURITIES (Details 1) - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 | Mar. 31, 2015 |
Schedule of Available-for-sale Securities [Line Items] | |||
Due in one year or less, Amortized Cost | $ 4,028 | ||
Due from one year to five years, Amortized Cost | 52,090 | ||
Due from five to ten years, Amortized Cost | 51,887 | ||
Due after ten years, Amortized Cost | 60,758 | ||
Mortgage-backed Securities, Amortized Cost | 657,764 | ||
Amortized Cost | 826,527 | $ 778,261 | $ 600,744 |
Due in one year or less,Fair Value | 4,060 | ||
Due from one year to five years, Fair Value | 53,677 | ||
Due from five to ten years, Fair Value | 53,967 | ||
Due after ten years, Fair Value | 61,979 | ||
Mortgage-backed securities, Fair Value | 663,420 | ||
Total Fair Value | $ 837,103 | $ 783,185 | $ 610,330 |
INVESTMENT SECURITIES (Detail44
INVESTMENT SECURITIES (Details 2) - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 | Mar. 31, 2015 |
Schedule of Available-for-sale Securities [Line Items] | |||
Less Than 12 Months, Fair Value | $ 154,406 | $ 293,889 | $ 56,043 |
12 Months or More, Fair Value | 26,401 | 46,465 | 47,020 |
Total Fair Value | 180,807 | 340,354 | 103,063 |
Less Than 12 Months, Unrealized Losses | (1,104) | (2,204) | (464) |
12 Months or More, Unrealized Losses | (440) | (1,008) | (1,200) |
Total Unrealized Losses | (1,544) | (3,212) | (1,664) |
US Government Agencies [Member] | |||
Schedule of Available-for-sale Securities [Line Items] | |||
Less Than 12 Months, Fair Value | 4,991 | 9,932 | 0 |
12 Months or More, Fair Value | 0 | 4,958 | 4,958 |
Total Fair Value | 4,991 | 14,890 | 4,958 |
Less Than 12 Months, Unrealized Losses | (9) | (27) | 0 |
12 Months or More, Unrealized Losses | 0 | (42) | (42) |
Total Unrealized Losses | (9) | (69) | (42) |
State, county and municipal securities [Member] | |||
Schedule of Available-for-sale Securities [Line Items] | |||
Less Than 12 Months, Fair Value | 5,845 | 19,293 | 4,675 |
12 Months or More, Fair Value | 1,639 | 11,557 | 10,579 |
Total Fair Value | 7,484 | 30,850 | 15,254 |
Less Than 12 Months, Unrealized Losses | (96) | (199) | (34) |
12 Months or More, Unrealized Losses | (29) | (212) | (201) |
Total Unrealized Losses | (125) | (411) | (235) |
Corporate Debt Securities [Member] | |||
Schedule of Available-for-sale Securities [Line Items] | |||
Less Than 12 Months, Fair Value | 883 | 1,383 | 5,007 |
12 Months or More, Fair Value | 0 | 0 | 0 |
Total Fair Value | 883 | 1,383 | 5,007 |
Less Than 12 Months, Unrealized Losses | (24) | (28) | (52) |
12 Months or More, Unrealized Losses | 0 | 0 | 0 |
Total Unrealized Losses | (24) | (28) | (52) |
Mortgage-Backed Securities [Member] | |||
Schedule of Available-for-sale Securities [Line Items] | |||
Less Than 12 Months, Fair Value | 142,687 | 263,281 | 46,361 |
12 Months or More, Fair Value | 24,762 | 29,950 | 31,483 |
Total Fair Value | 167,449 | 293,231 | 77,844 |
Less Than 12 Months, Unrealized Losses | (975) | (1,950) | (378) |
12 Months or More, Unrealized Losses | (411) | (754) | (957) |
Total Unrealized Losses | $ (1,386) | $ (2,704) | $ (1,335) |
INVESTMENT SECURITIES (Detail45
INVESTMENT SECURITIES (Details 3) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | Dec. 31, 2015 | |
Schedule of Available-for-sale Securities [Line Items] | |||
Gross gains on sales of securities | $ 312 | $ 31 | $ 396 |
Gross losses on sales of securities | (218) | (19) | (259) |
Net realized gains on sales of securities available for sale | 94 | 12 | 137 |
Sales proceeds | $ 41,564 | $ 5,118 | $ 72,528 |
INVESTMENT SECURITIES (Detail46
INVESTMENT SECURITIES (Details Textual) $ in Millions | Mar. 31, 2016USD ($) | Dec. 31, 2015USD ($) | Mar. 31, 2015USD ($) |
Schedule of Available-for-sale Securities [Line Items] | |||
Securities, carrying value | $ 493 | $ 551 | $ 426.6 |
Debt Securities [Member] | |||
Schedule of Available-for-sale Securities [Line Items] | |||
Number Of Securities In Security Portfolio | 406 | ||
Number of securities in unrealized loss position | 55 | ||
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | |||
Schedule of Available-for-sale Securities [Line Items] | |||
Number of securities in unrealized loss position | 46 | ||
State, County and Municipal Securities [Member] | |||
Schedule of Available-for-sale Securities [Line Items] | |||
Number of securities in unrealized loss position | 6 |
LOANS (Details)
LOANS (Details) - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 | Mar. 31, 2015 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans and Leases Receivable, Net of Deferred Income | $ 2,528,007 | $ 2,406,877 | $ 1,999,420 |
Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans and Leases Receivable, Net of Deferred Income | 2,528,007 | 2,406,877 | 1,999,420 |
Commercial, financial & agricultural [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans and Leases Receivable, Net of Deferred Income | 434,073 | 449,623 | 334,917 |
Real Estate - construction & development [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans and Leases Receivable, Net of Deferred Income | 264,820 | 244,693 | 178,568 |
Real Estate - Commercial & Farmland [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans and Leases Receivable, Net of Deferred Income | 1,154,887 | 1,104,991 | 947,274 |
Real Estate - Residential [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans and Leases Receivable, Net of Deferred Income | 629,138 | 570,430 | 496,043 |
Consumer installment [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans and Leases Receivable, Net of Deferred Income | 31,901 | 31,125 | 29,113 |
Other [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans and Leases Receivable, Net of Deferred Income | $ 13,188 | $ 6,015 | $ 13,505 |
LOANS (Details 1)
LOANS (Details 1) - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 | Mar. 31, 2015 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total non-covered loans | $ 21,482 | $ 21,062 | $ 21,852 |
Purchased Non-Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total non-covered loans | 1,129,919 | 771,554 | 643,092 |
Purchased Non-Covered Loans [Member] | Commercial, financial & agricultural [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total non-covered loans | 111,537 | 45,462 | 36,258 |
Purchased Non-Covered Loans [Member] | Real Estate - construction & development [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total non-covered loans | 103,753 | 72,080 | 53,668 |
Purchased Non-Covered Loans [Member] | Real Estate - Commercial & Farmland [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total non-covered loans | 598,935 | 390,755 | 291,760 |
Purchased Non-Covered Loans [Member] | Real Estate - Residential [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total non-covered loans | 309,770 | 258,153 | 257,216 |
Purchased Non-Covered Loans [Member] | Consumer installment [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total non-covered loans | $ 5,924 | $ 5,104 | $ 4,190 |
LOANS (Details 2)
LOANS (Details 2) - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 | Mar. 31, 2015 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Covered Loans | $ 130,279 | $ 137,529 | $ 245,745 |
Commercial, financial & agricultural [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Covered Loans | 4,739 | 5,546 | 20,905 |
Real Estate - construction & development [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Covered Loans | 7,205 | 7,612 | 19,519 |
Real Estate - Commercial & Farmland [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Covered Loans | 67,055 | 71,226 | 130,290 |
Real Estate - Residential [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Covered Loans | 51,176 | 53,038 | 74,847 |
Consumer installment [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Covered Loans | $ 104 | $ 107 | $ 184 |
LOANS (Details 3)
LOANS (Details 3) - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 | Mar. 31, 2015 |
Excluding Purchased Non-Covered and Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans | $ 15,700 | $ 16,860 | $ 20,841 |
Purchased Non-Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans | 19,187 | 13,330 | 17,308 |
Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans | 13,331 | 13,238 | 38,359 |
Commercial, financial & agricultural [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans | 1,266 | 1,302 | 1,015 |
Commercial, financial & agricultural [Member] | Purchased Non-Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans | 660 | 1,064 | 198 |
Commercial, financial & agricultural [Member] | Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans | 2,799 | 2,803 | 8,404 |
Real Estate - construction & development [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans | 1,776 | 1,812 | 3,286 |
Real Estate - construction & development [Member] | Purchased Non-Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans | 1,620 | 1,106 | 785 |
Real Estate - construction & development [Member] | Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans | 1,537 | 1,701 | 6,262 |
Real Estate - Commercial & Farmland [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans | 7,067 | 7,019 | 7,893 |
Real Estate - Commercial & Farmland [Member] | Purchased Non-Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans | 10,895 | 4,920 | 9,096 |
Real Estate - Commercial & Farmland [Member] | Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans | 5,265 | 5,034 | 17,000 |
Real Estate - Residential [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans | 5,191 | 6,278 | 8,246 |
Real Estate - Residential [Member] | Purchased Non-Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans | 5,925 | 6,168 | 7,202 |
Real Estate - Residential [Member] | Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans | 3,694 | 3,663 | 6,606 |
Consumer installment [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans | 400 | 449 | 401 |
Consumer installment [Member] | Purchased Non-Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans | 87 | 72 | 27 |
Consumer installment [Member] | Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans | $ 36 | $ 37 | $ 87 |
LOANS (Details 4)
LOANS (Details 4) - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 | Mar. 31, 2015 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | $ 36,800 | $ 32,000 | |
Total Loans | 2,528,007 | $ 2,406,877 | 1,999,420 |
Excluding Purchased Non-Covered and Covered Loans [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 26,271 | 26,268 | 38,964 |
Current Loans | 2,501,736 | 2,380,609 | 1,960,456 |
Total Loans | 2,528,007 | 2,406,877 | 1,999,420 |
Loans 90 Days or More Past Due and Still Accruing | 0 | 0 | 0 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 9,446 | 7,942 | 12,857 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 3,057 | 3,481 | 6,361 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 13,768 | 14,845 | 19,746 |
Commercial Financial And Agricultural [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 2,664 | 1,674 | 5,063 |
Current Loans | 431,409 | 447,949 | 329,854 |
Total Loans | 434,073 | 449,623 | 334,917 |
Loans 90 Days or More Past Due and Still Accruing | 0 | 0 | 0 |
Commercial Financial And Agricultural [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 1,161 | 568 | 1,258 |
Commercial Financial And Agricultural [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 633 | 271 | 2,821 |
Commercial Financial And Agricultural [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 870 | 835 | 984 |
Real Estate Construction And Development [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 2,978 | 3,413 | 3,849 |
Current Loans | 261,842 | 241,280 | 174,719 |
Total Loans | 264,820 | 244,693 | 178,568 |
Loans 90 Days or More Past Due and Still Accruing | 0 | 0 | 0 |
Real Estate Construction And Development [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 793 | 1,413 | 404 |
Real Estate Construction And Development [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 709 | 261 | 240 |
Real Estate Construction And Development [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 1,476 | 1,739 | 3,205 |
Commercial And Farmland [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 8,509 | 9,334 | 15,415 |
Current Loans | 1,146,378 | 1,095,657 | 931,859 |
Total Loans | 1,154,887 | 1,104,991 | 947,274 |
Loans 90 Days or More Past Due and Still Accruing | 0 | 0 | 0 |
Commercial And Farmland [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 1,015 | 1,781 | 6,398 |
Commercial And Farmland [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 539 | 641 | 1,285 |
Commercial And Farmland [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 6,955 | 6,912 | 7,732 |
Real Estate - Residential [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 11,338 | 11,047 | 13,878 |
Current Loans | 617,800 | 559,383 | 482,165 |
Total Loans | 629,138 | 570,430 | 496,043 |
Loans 90 Days or More Past Due and Still Accruing | 0 | 0 | 0 |
Real Estate - Residential [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 6,078 | 3,806 | 4,430 |
Real Estate - Residential [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 1,084 | 2,120 | 1,879 |
Real Estate - Residential [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 4,176 | 5,121 | 7,569 |
Consumer Installment [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 782 | 800 | 759 |
Current Loans | 31,119 | 30,325 | 28,354 |
Total Loans | 31,901 | 31,125 | 29,113 |
Loans 90 Days or More Past Due and Still Accruing | 0 | 0 | 0 |
Consumer Installment [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 399 | 374 | 367 |
Consumer Installment [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 92 | 188 | 136 |
Consumer Installment [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 291 | 238 | 256 |
Other [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 0 | 0 | 0 |
Current Loans | 13,188 | 6,015 | 13,505 |
Total Loans | 13,188 | 6,015 | 13,505 |
Loans 90 Days or More Past Due and Still Accruing | 0 | 0 | 0 |
Other [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 0 | 0 | 0 |
Other [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 0 | 0 | 0 |
Other [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | $ 0 | $ 0 | $ 0 |
LOANS (Details 5)
LOANS (Details 5) - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 | Mar. 31, 2015 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | $ 36,800 | $ 32,000 | |
Total Loans | 2,528,007 | $ 2,406,877 | 1,999,420 |
Purchased Non Covered Loans [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 25,015 | 22,264 | 24,590 |
Current Loans | 1,104,904 | 749,290 | 618,502 |
Total Loans | 1,129,919 | 771,554 | 643,092 |
Loans 90 Days or More Past Due and Still Accruing | 0 | 0 | 0 |
Purchased Non Covered Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 6,812 | 8,139 | 5,433 |
Purchased Non Covered Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 2,765 | 4,514 | 3,302 |
Purchased Non Covered Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 15,438 | 9,611 | 15,855 |
Commercial Financial And Agricultural [Member] | Purchased Non Covered Loans [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 690 | 1,107 | 301 |
Current Loans | 110,847 | 44,355 | 35,957 |
Total Loans | 111,537 | 45,462 | 36,258 |
Loans 90 Days or More Past Due and Still Accruing | 0 | 0 | 0 |
Commercial Financial And Agricultural [Member] | Purchased Non Covered Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 172 | 248 | 216 |
Commercial Financial And Agricultural [Member] | Purchased Non Covered Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 73 | 13 | 0 |
Commercial Financial And Agricultural [Member] | Purchased Non Covered Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 445 | 846 | 85 |
Real Estate Construction And Development [Member] | Purchased Non Covered Loans [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 2,662 | 1,523 | 1,176 |
Current Loans | 101,091 | 70,557 | 52,492 |
Total Loans | 103,753 | 72,080 | 53,668 |
Loans 90 Days or More Past Due and Still Accruing | 0 | 0 | 0 |
Real Estate Construction And Development [Member] | Purchased Non Covered Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 1,481 | 416 | 393 |
Real Estate Construction And Development [Member] | Purchased Non Covered Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 32 | 687 | 17 |
Real Estate Construction And Development [Member] | Purchased Non Covered Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 1,149 | 420 | 766 |
Commercial And Farmland [Member] | Purchased Non Covered Loans [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 11,818 | 7,455 | 10,937 |
Current Loans | 587,117 | 383,300 | 280,823 |
Total Loans | 598,935 | 390,755 | 291,760 |
Loans 90 Days or More Past Due and Still Accruing | 0 | 0 | 0 |
Commercial And Farmland [Member] | Purchased Non Covered Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 2,204 | 2,479 | 1,611 |
Commercial And Farmland [Member] | Purchased Non Covered Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 488 | 1,629 | 831 |
Commercial And Farmland [Member] | Purchased Non Covered Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 9,126 | 3,347 | 8,495 |
Residential Real Estate [Member] | Purchased Non Covered Loans [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 9,775 | 12,069 | 12,057 |
Current Loans | 299,995 | 246,084 | 245,159 |
Total Loans | 309,770 | 258,153 | 257,216 |
Loans 90 Days or More Past Due and Still Accruing | 0 | 0 | 0 |
Residential Real Estate [Member] | Purchased Non Covered Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 2,951 | 4,965 | 3,113 |
Residential Real Estate [Member] | Purchased Non Covered Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 2,172 | 2,176 | 2,454 |
Residential Real Estate [Member] | Purchased Non Covered Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 4,652 | 4,928 | 6,490 |
Consumer Installment [Member] | Purchased Non Covered Loans [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 70 | 110 | 119 |
Current Loans | 5,854 | 4,994 | 4,071 |
Total Loans | 5,924 | 5,104 | 4,190 |
Loans 90 Days or More Past Due and Still Accruing | 0 | 0 | 0 |
Consumer Installment [Member] | Purchased Non Covered Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 4 | 31 | 100 |
Consumer Installment [Member] | Purchased Non Covered Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | 0 | 9 | 0 |
Consumer Installment [Member] | Purchased Non Covered Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Loans Past Due | $ 66 | $ 70 | $ 19 |
LOANS (Details 6)
LOANS (Details 6) - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 | Mar. 31, 2015 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans Past Due | $ 36,800 | $ 32,000 | |
Total Loans | 2,528,007 | $ 2,406,877 | 1,999,420 |
Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans Past Due | 12,873 | 13,821 | 31,201 |
Current Loans | 117,406 | 123,708 | 214,544 |
Total Loans | 130,279 | 137,529 | 245,745 |
Loans 90 Days or More Past Due and Still Accruing | 0 | 0 | 0 |
Covered Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans Past Due | 2,438 | 2,421 | 5,277 |
Covered Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans Past Due | 855 | 1,206 | 2,394 |
Covered Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans Past Due | 9,580 | 10,194 | 23,530 |
Commercial, financial & agricultural [Member] | Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans Past Due | 2,832 | 2,802 | 2,166 |
Current Loans | 1,907 | 2,744 | 18,739 |
Total Loans | 4,739 | 5,546 | 20,905 |
Loans 90 Days or More Past Due and Still Accruing | 0 | 0 | 0 |
Commercial, financial & agricultural [Member] | Covered Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans Past Due | 75 | 0 | 165 |
Commercial, financial & agricultural [Member] | Covered Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans Past Due | 0 | 0 | 225 |
Commercial, financial & agricultural [Member] | Covered Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans Past Due | 2,757 | 2,802 | 1,776 |
Real Estate - construction & development [Member] | Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans Past Due | 1,558 | 1,729 | 6,060 |
Current Loans | 5,647 | 5,883 | 13,459 |
Total Loans | 7,205 | 7,612 | 19,519 |
Loans 90 Days or More Past Due and Still Accruing | 0 | 0 | 0 |
Real Estate - construction & development [Member] | Covered Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans Past Due | 87 | 96 | 455 |
Real Estate - construction & development [Member] | Covered Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans Past Due | 0 | 0 | 0 |
Real Estate - construction & development [Member] | Covered Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans Past Due | 1,471 | 1,633 | 5,605 |
Commercial And Farmland [Member] | Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans Past Due | 3,530 | 3,439 | 14,577 |
Current Loans | 63,525 | 67,787 | 115,713 |
Total Loans | 67,055 | 71,226 | 130,290 |
Loans 90 Days or More Past Due and Still Accruing | 0 | 0 | 0 |
Commercial And Farmland [Member] | Covered Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans Past Due | 744 | 170 | 2,364 |
Commercial And Farmland [Member] | Covered Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans Past Due | 50 | 205 | 1,150 |
Commercial And Farmland [Member] | Covered Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans Past Due | 2,736 | 3,064 | 11,063 |
Residential Real Estate [Member] | Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans Past Due | 4,917 | 5,814 | 8,310 |
Current Loans | 46,259 | 47,224 | 66,536 |
Total Loans | 51,176 | 53,038 | 74,847 |
Loans 90 Days or More Past Due and Still Accruing | 0 | 0 | 0 |
Residential Real Estate [Member] | Covered Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans Past Due | 1,532 | 2,155 | 2,293 |
Residential Real Estate [Member] | Covered Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans Past Due | 805 | 1,001 | 1,019 |
Residential Real Estate [Member] | Covered Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans Past Due | 2,580 | 2,658 | 4,999 |
Consumer installment [Member] | Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans Past Due | 36 | 37 | 87 |
Current Loans | 68 | 70 | 97 |
Total Loans | 104 | 107 | 184 |
Loans 90 Days or More Past Due and Still Accruing | 0 | 0 | 0 |
Consumer installment [Member] | Covered Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans Past Due | 0 | 0 | 0 |
Consumer installment [Member] | Covered Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans Past Due | 0 | 0 | 0 |
Consumer installment [Member] | Covered Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans Past Due | $ 36 | $ 37 | $ 87 |
LOANS (Details 7)
LOANS (Details 7) - Loans Excluding Purchased Non Covered And Covered Loan [Member] - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | Dec. 31, 2015 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans | $ 15,700 | $ 20,841 | $ 16,860 |
Troubled debt restructurings not included above | 14,385 | 12,935 | 14,418 |
Total impaired loans | 30,085 | 33,776 | 31,278 |
Interest income recognized on impaired loans | 318 | 168 | 909 |
Foregone interest income on impaired loans | $ 242 | $ 109 | $ 1,204 |
LOANS (Details 8)
LOANS (Details 8) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | Dec. 31, 2015 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Unpaid Contractual Principal Balance | $ 4,444,939 | $ 2,888,257 | $ 3,908,923 |
Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Unpaid Contractual Principal Balance | 35,453 | 41,484 | 37,429 |
Recorded Investment With No Allowance | 7,373 | 5,151 | 8,711 |
Recorded Investment With Allowance | 22,712 | 28,625 | 22,567 |
Total impaired loans | 30,085 | 33,776 | 31,278 |
Related Allowance | 4,254 | 4,909 | 4,209 |
Average Recorded Investment | 30,681 | 34,124 | 33,073 |
Commercial, financial & agricultural [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Unpaid Contractual Principal Balance | 434,073 | 334,917 | 449,623 |
Commercial, financial & agricultural [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Unpaid Contractual Principal Balance | 3,150 | 2,378 | 3,062 |
Recorded Investment With No Allowance | 339 | 5 | 158 |
Recorded Investment With Allowance | 1,206 | 1,287 | 1,385 |
Total impaired loans | 1,545 | 1,292 | 1,543 |
Related Allowance | 408 | 240 | 135 |
Average Recorded Investment | 1,544 | 1,627 | 2,275 |
Real Estate - construction & development [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Unpaid Contractual Principal Balance | 264,820 | 178,568 | 244,693 |
Real Estate - construction & development [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Unpaid Contractual Principal Balance | 3,278 | 7,397 | 3,581 |
Recorded Investment With No Allowance | 230 | 274 | 230 |
Recorded Investment With Allowance | 2,022 | 3,801 | 2,374 |
Total impaired loans | 2,252 | 4,075 | 2,604 |
Related Allowance | 742 | 667 | 774 |
Average Recorded Investment | 2,428 | 4,264 | 3,228 |
Commercial And Farmland [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Unpaid Contractual Principal Balance | 1,154,887 | 947,274 | 1,104,991 |
Commercial And Farmland [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Unpaid Contractual Principal Balance | 14,530 | 16,980 | 14,385 |
Recorded Investment With No Allowance | 5,142 | 3,280 | 6,702 |
Recorded Investment With Allowance | 7,870 | 11,922 | 6,083 |
Total impaired loans | 13,012 | 15,202 | 12,785 |
Related Allowance | 874 | 2,127 | 1,067 |
Average Recorded Investment | 12,898 | 14,909 | 15,105 |
Residential Real Estate [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Unpaid Contractual Principal Balance | 629,138 | 496,043 | 570,430 |
Residential Real Estate [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Unpaid Contractual Principal Balance | 13,976 | 14,181 | 15,809 |
Recorded Investment With No Allowance | 1,662 | 1,592 | 1,621 |
Recorded Investment With Allowance | 11,177 | 11,166 | 12,230 |
Total impaired loans | 12,839 | 12,758 | 13,851 |
Related Allowance | 2,223 | 1,869 | 2,224 |
Average Recorded Investment | 13,345 | 12,833 | 11,977 |
Consumer installment [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Unpaid Contractual Principal Balance | 519 | 548 | 592 |
Recorded Investment With No Allowance | 0 | 0 | 0 |
Recorded Investment With Allowance | 437 | 449 | 495 |
Total impaired loans | 437 | 449 | 495 |
Related Allowance | 7 | 6 | 9 |
Average Recorded Investment | $ 466 | $ 491 | $ 488 |
LOANS (Details 9)
LOANS (Details 9) - Purchased Non Covered Loans [Member] - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | Dec. 31, 2015 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans | $ 19,187 | $ 17,308 | $ 13,330 |
Troubled debt restructurings not included above | 9,193 | 1,526 | 9,373 |
Total impaired loans | 28,380 | 18,834 | 22,703 |
Interest income recognized on impaired loans | 357 | 18 | 785 |
Foregone interest income on impaired loans | $ 356 | $ 21 | $ 1,365 |
LOANS (Details 10)
LOANS (Details 10) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | Dec. 31, 2015 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Unpaid Contractual Principal Balance | $ 4,444,939 | $ 2,888,257 | $ 3,908,923 |
Purchased Non Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Unpaid Contractual Principal Balance | 31,450 | 29,616 | 42,129 |
Recorded Investment With No Allowance | 11,348 | 18,834 | 22,703 |
Recorded Investment With Allowance | 17,032 | 0 | 0 |
Total Recorded Investment | 28,380 | 18,834 | 22,703 |
Related Allowance | 454 | 0 | 0 |
Average Recorded Investment | 25,542 | 19,148 | 20,759 |
Commercial Financial And Agricultural [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Unpaid Contractual Principal Balance | 434,073 | 334,917 | 449,623 |
Commercial Financial And Agricultural [Member] | Purchased Non Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Unpaid Contractual Principal Balance | 2,632 | 1,331 | 3,103 |
Recorded Investment With No Allowance | 236 | 198 | 1,066 |
Recorded Investment With Allowance | 426 | 0 | 0 |
Total Recorded Investment | 662 | 198 | 1,066 |
Related Allowance | 0 | 0 | 0 |
Average Recorded Investment | 864 | 187 | 392 |
Real Estate Construction And Development [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Unpaid Contractual Principal Balance | 264,820 | 178,568 | 244,693 |
Real Estate Construction And Development [Member] | Purchased Non Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Unpaid Contractual Principal Balance | 3,599 | 2,153 | 8,987 |
Recorded Investment With No Allowance | 892 | 1,113 | 1,469 |
Recorded Investment With Allowance | 1,237 | 0 | 0 |
Total Recorded Investment | 2,129 | 1,113 | 1,469 |
Related Allowance | 2 | 0 | 0 |
Average Recorded Investment | 1,799 | 1,275 | 1,429 |
Commercial And Farmland [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Unpaid Contractual Principal Balance | 1,154,887 | 947,274 | 1,104,991 |
Commercial And Farmland [Member] | Purchased Non Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Unpaid Contractual Principal Balance | 15,358 | 13,911 | 14,999 |
Recorded Investment With No Allowance | 8,480 | 9,816 | 11,134 |
Recorded Investment With Allowance | 8,694 | 0 | 0 |
Total Recorded Investment | 17,174 | 9,816 | 11,134 |
Related Allowance | 182 | 0 | 0 |
Average Recorded Investment | 14,154 | 10,202 | 10,806 |
Residential Real Estate [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Unpaid Contractual Principal Balance | 629,138 | 496,043 | 570,430 |
Residential Real Estate [Member] | Purchased Non Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Unpaid Contractual Principal Balance | 9,774 | 12,183 | 14,946 |
Recorded Investment With No Allowance | 1,648 | 7,679 | 8,957 |
Recorded Investment With Allowance | 6,675 | 0 | 0 |
Total Recorded Investment | 8,323 | 7,679 | 8,957 |
Related Allowance | 270 | 0 | 0 |
Average Recorded Investment | 8,640 | 7,435 | 8,067 |
Consumer installment [Member] | Purchased Non Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Unpaid Contractual Principal Balance | 87 | 38 | 94 |
Recorded Investment With No Allowance | 92 | 28 | 77 |
Recorded Investment With Allowance | 0 | 0 | 0 |
Total Recorded Investment | 92 | 28 | 77 |
Related Allowance | 0 | 0 | 0 |
Average Recorded Investment | $ 85 | $ 50 | $ 65 |
LOANS (Details 11)
LOANS (Details 11) - Impaired Covered Loans [Member] - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | Dec. 31, 2015 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans | $ 13,331 | $ 38,359 | $ 13,238 |
Troubled debt restructurings not included above | 12,308 | 20,721 | 13,283 |
Total impaired loans | 25,639 | 59,080 | 26,521 |
Interest income recognized on impaired loans | 185 | 220 | 886 |
Foregone interest income on impaired loans | $ 170 | $ 130 | $ 1,596 |
LOANS (Details 12)
LOANS (Details 12) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | Dec. 31, 2015 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Unpaid Contractual Principal Balance | $ 4,444,939 | $ 2,888,257 | $ 3,908,923 |
Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Unpaid Contractual Principal Balance | 38,961 | 97,212 | 56,705 |
Recorded Investment With No Allowance | 4,210 | 59,080 | 26,521 |
Recorded Investment With Allowance | 21,429 | 0 | 0 |
Total Recorded Investment | 25,639 | 59,080 | 26,521 |
Related Allowance | 529 | 0 | 0 |
Average Recorded Investment | 26,080 | 58,556 | 48,914 |
Commercial, financial & agricultural [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Unpaid Contractual Principal Balance | 434,073 | 334,917 | 449,623 |
Commercial, financial & agricultural [Member] | Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Unpaid Contractual Principal Balance | 4,842 | 13,512 | 5,188 |
Recorded Investment With No Allowance | 0 | 8,407 | 2,802 |
Recorded Investment With Allowance | 3,107 | 0 | 0 |
Total Recorded Investment | 3,107 | 8,407 | 2,802 |
Related Allowance | 111 | 0 | 0 |
Average Recorded Investment | 2,801 | 8,495 | 7,408 |
Real Estate - construction & development [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Unpaid Contractual Principal Balance | 264,820 | 178,568 | 244,693 |
Real Estate - construction & development [Member] | Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Unpaid Contractual Principal Balance | 8,347 | 24,503 | 15,119 |
Recorded Investment With No Allowance | 0 | 9,080 | 2,480 |
Recorded Investment With Allowance | 2,354 | 0 | 0 |
Total Recorded Investment | 2,354 | 9,080 | 2,480 |
Related Allowance | 84 | 0 | 0 |
Average Recorded Investment | 2,403 | 9,859 | 6,906 |
Real Estate - Commercial & Farmland [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Unpaid Contractual Principal Balance | 1,154,887 | 947,274 | 1,104,991 |
Real Estate - Commercial & Farmland [Member] | Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Unpaid Contractual Principal Balance | 10,264 | 35,493 | 20,508 |
Recorded Investment With No Allowance | 0 | 23,462 | 7,001 |
Recorded Investment With Allowance | 6,712 | 0 | 0 |
Total Recorded Investment | 6,712 | 23,462 | 7,001 |
Related Allowance | 168 | 0 | 0 |
Average Recorded Investment | 6,789 | 22,062 | 18,504 |
Residential Real Estate [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Unpaid Contractual Principal Balance | 629,138 | 496,043 | 570,430 |
Residential Real Estate [Member] | Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Unpaid Contractual Principal Balance | 15,457 | 23,585 | 15,830 |
Recorded Investment With No Allowance | 4,167 | 18,042 | 14,192 |
Recorded Investment With Allowance | 9,256 | 0 | 0 |
Total Recorded Investment | 13,423 | 18,042 | 14,192 |
Related Allowance | 166 | 0 | 0 |
Average Recorded Investment | 14,042 | 18,048 | 16,010 |
Consumer Installment [Member] | Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Unpaid Contractual Principal Balance | 51 | 119 | 60 |
Recorded Investment With No Allowance | 43 | 89 | 46 |
Recorded Investment With Allowance | 0 | 0 | 0 |
Total Recorded Investment | 43 | 89 | 46 |
Related Allowance | 0 | 0 | 0 |
Average Recorded Investment | $ 45 | $ 92 | $ 86 |
LOANS (Details 13)
LOANS (Details 13) - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 | Mar. 31, 2015 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | $ 2,528,007 | $ 2,406,877 | $ 1,999,420 |
Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 2,528,007 | 2,406,877 | 1,999,420 |
Commercial, financial & agricultural [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 434,073 | 449,623 | 334,917 |
Real Estate - construction & development [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 264,820 | 244,693 | 178,568 |
Real Estate - Commercial & Farmland [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 1,154,887 | 1,104,991 | 947,274 |
Real estate - residential [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 629,138 | 570,430 | 496,043 |
Consumer installment [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 31,901 | 31,125 | 29,113 |
Other [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 13,188 | 6,015 | 13,505 |
10 [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 254,203 | 250,609 | 157,461 |
10 [Member] | Commercial, financial & agricultural [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 243,355 | 241,721 | 147,820 |
10 [Member] | Real Estate - construction & development [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 294 | 1,751 |
10 [Member] | Real Estate - Commercial & Farmland [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 2,316 | 116 | 152 |
10 [Member] | Real estate - residential [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 1,479 | 1,606 | 1,727 |
10 [Member] | Consumer installment [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 7,053 | 6,872 | 6,011 |
10 [Member] | Other [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
15 [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 213,510 | 227,730 | 205,929 |
15 [Member] | Commercial, financial & agricultural [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 22,705 | 28,420 | 24,619 |
15 [Member] | Real Estate - construction & development [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 4,170 | 2,074 | 3,504 |
15 [Member] | Real Estate - Commercial & Farmland [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 112,167 | 117,880 | 119,032 |
15 [Member] | Real estate - residential [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 73,341 | 78,165 | 57,583 |
15 [Member] | Consumer installment [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 1,127 | 1,191 | 1,191 |
15 [Member] | Other [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
20 [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 1,346,050 | 1,224,320 | 1,012,733 |
20 [Member] | Commercial, financial & agricultural [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 90,196 | 97,142 | 90,407 |
20 [Member] | Real Estate - construction & development [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 58,014 | 46,221 | 47,148 |
20 [Member] | Real Estate - Commercial & Farmland [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 729,346 | 685,538 | 541,490 |
20 [Member] | Real estate - residential [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 434,434 | 369,624 | 303,463 |
20 [Member] | Consumer installment [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 20,872 | 19,780 | 16,720 |
20 [Member] | Other [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 13,188 | 6,015 | 13,505 |
23 [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 25,047 | 27,607 | 28,643 |
23 [Member] | Commercial, financial & agricultural [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 581 | 559 | 981 |
23 [Member] | Real Estate - construction & development [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 7,414 | 7,827 | 8,521 |
23 [Member] | Real Estate - Commercial & Farmland [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 10,040 | 13,073 | 11,934 |
23 [Member] | Real estate - residential [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 6,813 | 6,112 | 7,141 |
23 [Member] | Consumer installment [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 199 | 36 | 66 |
23 [Member] | Other [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
25 [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 628,042 | 609,413 | 513,011 |
25 [Member] | Commercial, financial & agricultural [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 72,557 | 77,829 | 60,018 |
25 [Member] | Real Estate - construction & development [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 188,385 | 183,512 | 110,570 |
25 [Member] | Real Estate - Commercial & Farmland [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 275,297 | 254,012 | 238,026 |
25 [Member] | Real estate - residential [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 89,834 | 91,465 | 100,175 |
25 [Member] | Consumer installment [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 1,969 | 2,595 | 4,222 |
25 [Member] | Other [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
30 [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 22,141 | 24,423 | 25,461 |
30 [Member] | Commercial, financial & agricultural [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 1,908 | 1,492 | 3,911 |
30 [Member] | Real Estate - construction & development [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 3,829 | 1,620 | 1,890 |
30 [Member] | Real Estate - Commercial & Farmland [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 10,517 | 13,821 | 11,364 |
30 [Member] | Real estate - residential [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 5,730 | 7,347 | 8,007 |
30 [Member] | Consumer installment [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 157 | 143 | 289 |
30 [Member] | Other [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
40 [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 39,013 | 42,773 | 56,178 |
40 [Member] | Commercial, financial & agricultural [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 2,771 | 2,460 | 7,161 |
40 [Member] | Real Estate - construction & development [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 3,008 | 3,145 | 5,184 |
40 [Member] | Real Estate - Commercial & Farmland [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 15,204 | 20,551 | 25,276 |
40 [Member] | Real estate - residential [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 17,507 | 16,111 | 17,947 |
40 [Member] | Consumer installment [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 523 | 506 | 610 |
40 [Member] | Other [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
50 [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 4 |
50 [Member] | Commercial, financial & agricultural [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
50 [Member] | Real Estate - construction & development [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
50 [Member] | Real Estate - Commercial & Farmland [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
50 [Member] | Real estate - residential [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
50 [Member] | Consumer installment [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 4 |
50 [Member] | Other [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
60 [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 1 | 2 | 0 |
60 [Member] | Commercial, financial & agricultural [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
60 [Member] | Real Estate - construction & development [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
60 [Member] | Real Estate - Commercial & Farmland [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
60 [Member] | Real estate - residential [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
60 [Member] | Consumer installment [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 1 | 2 | 0 |
60 [Member] | Other [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | $ 0 | $ 0 | $ 0 |
LOANS (Details 14)
LOANS (Details 14) - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 | Mar. 31, 2015 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | $ 2,528,007 | $ 2,406,877 | $ 1,999,420 |
Purchased Non Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 1,129,919 | 771,554 | 643,092 |
Purchased Non Covered Loans [Member] | 10 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 10,505 | 9,602 | 7,444 |
Purchased Non Covered Loans [Member] | 15 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 48,229 | 51,168 | 23,640 |
Purchased Non Covered Loans [Member] | 20 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 344,479 | 336,990 | 206,480 |
Purchased Non Covered Loans [Member] | 23 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 27,445 | 12,029 | 10,024 |
Purchased Non Covered Loans [Member] | 25 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 607,838 | 294,829 | 337,386 |
Purchased Non Covered Loans [Member] | 30 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 50,517 | 30,693 | 22,323 |
Purchased Non Covered Loans [Member] | 40 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 40,874 | 36,211 | 35,743 |
Purchased Non Covered Loans [Member] | 50 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 30 | 30 | 52 |
Purchased Non Covered Loans [Member] | 60 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 2 | 2 | 0 |
Purchased Non Covered Loans [Member] | Commercial Financial And Agricultural [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 111,537 | 45,462 | 36,258 |
Purchased Non Covered Loans [Member] | Commercial Financial And Agricultural [Member] | 10 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 9,306 | 8,592 | 6,696 |
Purchased Non Covered Loans [Member] | Commercial Financial And Agricultural [Member] | 15 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 1,206 | 1,186 | 995 |
Purchased Non Covered Loans [Member] | Commercial Financial And Agricultural [Member] | 20 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 20,666 | 10,057 | 13,751 |
Purchased Non Covered Loans [Member] | Commercial Financial And Agricultural [Member] | 23 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 73 |
Purchased Non Covered Loans [Member] | Commercial Financial And Agricultural [Member] | 25 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 73,016 | 17,565 | 12,585 |
Purchased Non Covered Loans [Member] | Commercial Financial And Agricultural [Member] | 30 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 5,308 | 6,657 | 958 |
Purchased Non Covered Loans [Member] | Commercial Financial And Agricultural [Member] | 40 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 2,003 | 1,373 | 1,170 |
Purchased Non Covered Loans [Member] | Commercial Financial And Agricultural [Member] | 50 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 30 | 30 | 30 |
Purchased Non Covered Loans [Member] | Commercial Financial And Agricultural [Member] | 60 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 2 | 2 | 0 |
Purchased Non Covered Loans [Member] | Real Estate Construction And Development [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 103,753 | 72,080 | 53,668 |
Purchased Non Covered Loans [Member] | Real Estate Construction And Development [Member] | 10 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Purchased Non Covered Loans [Member] | Real Estate Construction And Development [Member] | 15 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 1,135 | 1,143 | 641 |
Purchased Non Covered Loans [Member] | Real Estate Construction And Development [Member] | 20 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 13,477 | 13,678 | 13,746 |
Purchased Non Covered Loans [Member] | Real Estate Construction And Development [Member] | 23 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 4,334 | 438 | 0 |
Purchased Non Covered Loans [Member] | Real Estate Construction And Development [Member] | 25 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 73,700 | 47,517 | 31,512 |
Purchased Non Covered Loans [Member] | Real Estate Construction And Development [Member] | 30 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 7,948 | 4,185 | 3,564 |
Purchased Non Covered Loans [Member] | Real Estate Construction And Development [Member] | 40 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 3,159 | 5,119 | 4,205 |
Purchased Non Covered Loans [Member] | Real Estate Construction And Development [Member] | 50 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Purchased Non Covered Loans [Member] | Real Estate Construction And Development [Member] | 60 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Purchased Non Covered Loans [Member] | Commercial And Farmland [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 598,935 | 390,755 | 291,760 |
Purchased Non Covered Loans [Member] | Commercial And Farmland [Member] | 10 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Purchased Non Covered Loans [Member] | Commercial And Farmland [Member] | 15 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 9,302 | 10,490 | 9,396 |
Purchased Non Covered Loans [Member] | Commercial And Farmland [Member] | 20 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 188,912 | 183,219 | 115,359 |
Purchased Non Covered Loans [Member] | Commercial And Farmland [Member] | 23 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 9,773 | 5,177 | 3,174 |
Purchased Non Covered Loans [Member] | Commercial And Farmland [Member] | 25 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 343,928 | 162,253 | 136,581 |
Purchased Non Covered Loans [Member] | Commercial And Farmland [Member] | 30 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 25,615 | 14,297 | 9,404 |
Purchased Non Covered Loans [Member] | Commercial And Farmland [Member] | 40 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 21,405 | 15,319 | 17,846 |
Purchased Non Covered Loans [Member] | Commercial And Farmland [Member] | 50 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Purchased Non Covered Loans [Member] | Commercial And Farmland [Member] | 60 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Purchased Non Covered Loans [Member] | Residential Real Estate [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 309,770 | 258,153 | 257,216 |
Purchased Non Covered Loans [Member] | Residential Real Estate [Member] | 10 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 138 | 0 | 289 |
Purchased Non Covered Loans [Member] | Residential Real Estate [Member] | 15 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 35,904 | 37,808 | 12,136 |
Purchased Non Covered Loans [Member] | Residential Real Estate [Member] | 20 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 119,213 | 128,005 | 62,056 |
Purchased Non Covered Loans [Member] | Residential Real Estate [Member] | 23 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 13,338 | 6,414 | 6,777 |
Purchased Non Covered Loans [Member] | Residential Real Estate [Member] | 25 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 115,422 | 66,166 | 155,187 |
Purchased Non Covered Loans [Member] | Residential Real Estate [Member] | 30 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 11,613 | 5,503 | 8,332 |
Purchased Non Covered Loans [Member] | Residential Real Estate [Member] | 40 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 14,142 | 14,257 | 12,417 |
Purchased Non Covered Loans [Member] | Residential Real Estate [Member] | 50 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 22 |
Purchased Non Covered Loans [Member] | Residential Real Estate [Member] | 60 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Purchased Non Covered Loans [Member] | Consumer installment [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 5,924 | 5,104 | 4,190 |
Purchased Non Covered Loans [Member] | Consumer installment [Member] | 10 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 1,061 | 1,010 | 459 |
Purchased Non Covered Loans [Member] | Consumer installment [Member] | 15 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 682 | 541 | 472 |
Purchased Non Covered Loans [Member] | Consumer installment [Member] | 20 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 2,211 | 2,031 | 1,568 |
Purchased Non Covered Loans [Member] | Consumer installment [Member] | 23 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Purchased Non Covered Loans [Member] | Consumer installment [Member] | 25 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 1,772 | 1,328 | 1,521 |
Purchased Non Covered Loans [Member] | Consumer installment [Member] | 30 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 33 | 51 | 65 |
Purchased Non Covered Loans [Member] | Consumer installment [Member] | 40 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 165 | 143 | 105 |
Purchased Non Covered Loans [Member] | Consumer installment [Member] | 50 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Purchased Non Covered Loans [Member] | Consumer installment [Member] | 60 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Purchased Non Covered Loans [Member] | Other [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Purchased Non Covered Loans [Member] | Other [Member] | 10 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Purchased Non Covered Loans [Member] | Other [Member] | 15 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Purchased Non Covered Loans [Member] | Other [Member] | 20 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Purchased Non Covered Loans [Member] | Other [Member] | 23 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Purchased Non Covered Loans [Member] | Other [Member] | 25 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Purchased Non Covered Loans [Member] | Other [Member] | 30 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Purchased Non Covered Loans [Member] | Other [Member] | 40 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Purchased Non Covered Loans [Member] | Other [Member] | 50 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Purchased Non Covered Loans [Member] | Other [Member] | 60 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | $ 0 | $ 0 | $ 0 |
LOANS (Details 15)
LOANS (Details 15) - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 | Mar. 31, 2015 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | $ 2,528,007 | $ 2,406,877 | $ 1,999,420 |
Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 130,279 | 137,529 | 245,745 |
Covered Loans [Member] | 10 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Covered Loans [Member] | 15 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 3,770 |
Covered Loans [Member] | 20 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 20,895 | 23,631 | 34,947 |
Covered Loans [Member] | 23 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 6,846 | 8,732 | 25,560 |
Covered Loans [Member] | 25 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 66,311 | 69,598 | 113,771 |
Covered Loans [Member] | 30 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 8,216 | 8,242 | 26,596 |
Covered Loans [Member] | 40 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 28,011 | 28,326 | 41,101 |
Covered Loans [Member] | 50 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Covered Loans [Member] | 60 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Covered Loans [Member] | Commercial Financial And Agricultural [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 4,739 | 5,546 | 20,905 |
Covered Loans [Member] | Commercial Financial And Agricultural [Member] | 10 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Covered Loans [Member] | Commercial Financial And Agricultural [Member] | 15 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 667 |
Covered Loans [Member] | Commercial Financial And Agricultural [Member] | 20 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 47 | 93 | 75 |
Covered Loans [Member] | Commercial Financial And Agricultural [Member] | 23 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 25 | 52 | 4,481 |
Covered Loans [Member] | Commercial Financial And Agricultural [Member] | 25 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 1,932 | 2,594 | 5,094 |
Covered Loans [Member] | Commercial Financial And Agricultural [Member] | 30 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 4 | 5 | 10,588 |
Covered Loans [Member] | Commercial Financial And Agricultural [Member] | 40 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 2,731 | 2,802 | 0 |
Covered Loans [Member] | Commercial Financial And Agricultural [Member] | 50 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Covered Loans [Member] | Commercial Financial And Agricultural [Member] | 60 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Covered Loans [Member] | Real Estate Construction And Development [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 7,205 | 7,612 | 19,519 |
Covered Loans [Member] | Real Estate Construction And Development [Member] | 10 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Covered Loans [Member] | Real Estate Construction And Development [Member] | 15 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 1,847 |
Covered Loans [Member] | Real Estate Construction And Development [Member] | 20 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 770 | 800 | 458 |
Covered Loans [Member] | Real Estate Construction And Development [Member] | 23 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 8,567 |
Covered Loans [Member] | Real Estate Construction And Development [Member] | 25 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 3,704 | 3,907 | 2,594 |
Covered Loans [Member] | Real Estate Construction And Development [Member] | 30 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 823 | 828 | 6,053 |
Covered Loans [Member] | Real Estate Construction And Development [Member] | 40 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 1,908 | 2,077 | 0 |
Covered Loans [Member] | Real Estate Construction And Development [Member] | 50 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Covered Loans [Member] | Real Estate Construction And Development [Member] | 60 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Covered Loans [Member] | Real estate - commercial & farmland [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 67,055 | 71,226 | 130,290 |
Covered Loans [Member] | Real estate - commercial & farmland [Member] | 10 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Covered Loans [Member] | Real estate - commercial & farmland [Member] | 15 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 734 |
Covered Loans [Member] | Real estate - commercial & farmland [Member] | 20 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 10,443 | 11,698 | 21,010 |
Covered Loans [Member] | Real estate - commercial & farmland [Member] | 23 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 1,797 | 2,957 | 6,382 |
Covered Loans [Member] | Real estate - commercial & farmland [Member] | 25 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 37,276 | 38,741 | 69,536 |
Covered Loans [Member] | Real estate - commercial & farmland [Member] | 30 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 3,003 | 2,857 | 4,053 |
Covered Loans [Member] | Real estate - commercial & farmland [Member] | 40 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 14,536 | 14,973 | 28,575 |
Covered Loans [Member] | Real estate - commercial & farmland [Member] | 50 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Covered Loans [Member] | Real estate - commercial & farmland [Member] | 60 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Covered Loans [Member] | Real estate - residential [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 51,176 | 53,038 | 74,847 |
Covered Loans [Member] | Real estate - residential [Member] | 10 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Covered Loans [Member] | Real estate - residential [Member] | 15 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 522 |
Covered Loans [Member] | Real estate - residential [Member] | 20 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 9,635 | 10,040 | 13,353 |
Covered Loans [Member] | Real estate - residential [Member] | 23 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 5,024 | 5,723 | 6,130 |
Covered Loans [Member] | Real estate - residential [Member] | 25 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 23,388 | 24,345 | 36,510 |
Covered Loans [Member] | Real estate - residential [Member] | 30 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 4,338 | 4,552 | 5,893 |
Covered Loans [Member] | Real estate - residential [Member] | 40 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 8,791 | 8,378 | 12,439 |
Covered Loans [Member] | Real estate - residential [Member] | 50 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Covered Loans [Member] | Real estate - residential [Member] | 60 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Covered Loans [Member] | Consumer installment [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 104 | 107 | 184 |
Covered Loans [Member] | Consumer installment [Member] | 10 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Covered Loans [Member] | Consumer installment [Member] | 15 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Covered Loans [Member] | Consumer installment [Member] | 20 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 51 |
Covered Loans [Member] | Consumer installment [Member] | 23 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Covered Loans [Member] | Consumer installment [Member] | 25 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 11 | 11 | 37 |
Covered Loans [Member] | Consumer installment [Member] | 30 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 48 | 0 | 9 |
Covered Loans [Member] | Consumer installment [Member] | 40 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 45 | 96 | 87 |
Covered Loans [Member] | Consumer installment [Member] | 50 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Covered Loans [Member] | Consumer installment [Member] | 60 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Covered Loans [Member] | Other [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Covered Loans [Member] | Other [Member] | 10 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Covered Loans [Member] | Other [Member] | 15 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Covered Loans [Member] | Other [Member] | 20 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Covered Loans [Member] | Other [Member] | 23 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Covered Loans [Member] | Other [Member] | 25 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Covered Loans [Member] | Other [Member] | 30 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Covered Loans [Member] | Other [Member] | 40 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Covered Loans [Member] | Other [Member] | 50 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | 0 | 0 | 0 |
Covered Loans [Member] | Other [Member] | 60 [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans portfolio by risk grade | $ 0 | $ 0 | $ 0 |
LOANS (Details 16)
LOANS (Details 16) $ in Thousands | Mar. 31, 2016USD ($)Contract | Dec. 31, 2015USD ($) | Mar. 31, 2015USD ($)Contract |
Non Covered Loan [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 2 | 2 | |
Troubled debt restructuring loans | $ | $ 494 | $ 5 | |
Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 4 | 12 | |
Troubled debt restructuring loans | $ | $ 14,385 | $ 14,418 | $ 12,935 |
Purchased Non Covered Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 3 | 2 | |
Troubled debt restructuring loans | $ | $ 574 | $ 115 | |
Commercial, financial & agricultural [Member] | Non Covered Loan [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 0 | 1 | |
Troubled debt restructuring loans | $ | $ 0 | $ 1 | |
Commercial, financial & agricultural [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 1 | 0 | |
Troubled debt restructuring loans | $ | $ 12 | $ 0 | |
Commercial, financial & agricultural [Member] | Purchased Non Covered Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 1 | 0 | |
Troubled debt restructuring loans | $ | $ 76 | $ 0 | |
Real Estate - construction & development [Member] | Non Covered Loan [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 0 | 0 | |
Troubled debt restructuring loans | $ | $ 0 | $ 0 | |
Real Estate - construction & development [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 0 | 0 | |
Troubled debt restructuring loans | $ | $ 0 | $ 0 | |
Real Estate - construction & development [Member] | Purchased Non Covered Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 0 | 0 | |
Troubled debt restructuring loans | $ | $ 0 | $ 0 | |
Real estate - commercial & farmland [Member] | Non Covered Loan [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 1 | 0 | |
Troubled debt restructuring loans | $ | $ 29 | $ 0 | |
Real estate - commercial & farmland [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 2 | 2 | |
Troubled debt restructuring loans | $ | $ 1,605 | $ 2,015 | |
Real estate - commercial & farmland [Member] | Purchased Non Covered Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 1 | 0 | |
Troubled debt restructuring loans | $ | $ 475 | $ 0 | |
Real estate - residential [Member] | Non Covered Loan [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 1 | 0 | |
Troubled debt restructuring loans | $ | $ 465 | $ 0 | |
Real estate - residential [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 1 | 7 | |
Troubled debt restructuring loans | $ | $ 60 | $ 666 | |
Real estate - residential [Member] | Purchased Non Covered Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 1 | 2 | |
Troubled debt restructuring loans | $ | $ 23 | $ 115 | |
Consumer installment [Member] | Non Covered Loan [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 0 | 1 | |
Troubled debt restructuring loans | $ | $ 0 | $ 4 | |
Consumer installment [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 0 | 3 | |
Troubled debt restructuring loans | $ | $ 0 | $ 17 | |
Consumer installment [Member] | Purchased Non Covered Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 0 | 0 | |
Troubled debt restructuring loans | $ | $ 0 | $ 0 |
LOANS (Details 17)
LOANS (Details 17) $ in Thousands | Mar. 31, 2016USD ($)Contract | Dec. 31, 2015USD ($) | Mar. 31, 2015USD ($)Contract |
Excluding Purchased Non-Covered and Covered Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 4 | 12 | |
Troubled debt restructuring loans | $ 14,385 | $ 14,418 | $ 12,935 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Financing Receivables, 30 Days Past Due [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 14 | 14 | |
Troubled debt restructuring loans | $ 793 | $ 1,519 | |
Covered Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Troubled debt restructuring loans | $ 15,700 | 15,500 | $ 23,300 |
Covered Loans [Member] | Financing Receivables, 30 Days Past Due [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 8 | 7 | |
Troubled debt restructuring loans | $ 1,102 | $ 2,090 | |
Purchased Non Covered Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Troubled debt restructuring loans | $ 9,193 | 9,373 | $ 1,526 |
Purchased Non Covered Loans [Member] | Financing Receivables, 30 Days Past Due [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 1 | 2 | |
Troubled debt restructuring loans | $ 12 | $ 329 | |
Commercial Financial And Agricultural [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 1 | 0 | |
Troubled debt restructuring loans | $ 12 | $ 0 | |
Commercial Financial And Agricultural [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | Financing Receivables, 30 Days Past Due [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 2 | 1 | |
Troubled debt restructuring loans | $ 7 | $ 5 | |
Commercial Financial And Agricultural [Member] | Covered Loans [Member] | Financing Receivables, 30 Days Past Due [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 0 | 0 | |
Troubled debt restructuring loans | $ 0 | $ 0 | |
Commercial Financial And Agricultural [Member] | Purchased Non Covered Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Troubled debt restructuring loans | $ 21 | $ 1 | |
Commercial Financial And Agricultural [Member] | Purchased Non Covered Loans [Member] | Financing Receivables, 30 Days Past Due [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 0 | 0 | |
Troubled debt restructuring loans | $ 0 | $ 0 | |
Real Estate Construction And Development [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 0 | 0 | |
Troubled debt restructuring loans | $ 0 | $ 0 | |
Real Estate Construction And Development [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | Financing Receivables, 30 Days Past Due [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 1 | 0 | |
Troubled debt restructuring loans | $ 18 | $ 0 | |
Real Estate Construction And Development [Member] | Covered Loans [Member] | Financing Receivables, 30 Days Past Due [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 0 | 0 | |
Troubled debt restructuring loans | $ 0 | $ 0 | |
Real Estate Construction And Development [Member] | Purchased Non Covered Loans [Member] | Financing Receivables, 30 Days Past Due [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 1 | 1 | |
Troubled debt restructuring loans | $ 12 | $ 328 | |
Commercial And Farmland [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 2 | 2 | |
Troubled debt restructuring loans | $ 1,605 | $ 2,015 | |
Commercial And Farmland [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | Financing Receivables, 30 Days Past Due [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 1 | 3 | |
Troubled debt restructuring loans | $ 194 | $ 746 | |
Commercial And Farmland [Member] | Covered Loans [Member] | Financing Receivables, 30 Days Past Due [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 1 | 2 | |
Troubled debt restructuring loans | $ 613 | $ 1,728 | |
Commercial And Farmland [Member] | Purchased Non Covered Loans [Member] | Financing Receivables, 30 Days Past Due [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 0 | 0 | |
Troubled debt restructuring loans | $ 0 | $ 0 | |
Residential Real Estate [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 1 | 7 | |
Troubled debt restructuring loans | $ 60 | $ 666 | |
Residential Real Estate [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | Financing Receivables, 30 Days Past Due [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 9 | 6 | |
Troubled debt restructuring loans | $ 563 | $ 748 | |
Residential Real Estate [Member] | Covered Loans [Member] | Financing Receivables, 30 Days Past Due [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 7 | 5 | |
Troubled debt restructuring loans | $ 489 | $ 362 | |
Residential Real Estate [Member] | Purchased Non Covered Loans [Member] | Financing Receivables, 30 Days Past Due [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 0 | 0 | |
Troubled debt restructuring loans | $ 0 | $ 0 | |
Consumer installment [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 0 | 3 | |
Troubled debt restructuring loans | $ 0 | $ 17 | |
Consumer installment [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | Financing Receivables, 30 Days Past Due [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 1 | 4 | |
Troubled debt restructuring loans | $ 11 | $ 20 | |
Consumer installment [Member] | Covered Loans [Member] | Financing Receivables, 30 Days Past Due [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 0 | 0 | |
Troubled debt restructuring loans | $ 0 | $ 0 | |
Consumer installment [Member] | Purchased Non Covered Loans [Member] | Financing Receivables, 30 Days Past Due [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 0 | 1 | |
Troubled debt restructuring loans | $ 0 | $ 1 |
LOANS (Details 18)
LOANS (Details 18) $ in Thousands | Mar. 31, 2016USD ($)Contract | Dec. 31, 2015USD ($)Contract | Mar. 31, 2015USD ($)Contract |
Purchased Non Covered Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Troubled debt restructuring loans | $ 9,193 | $ 9,373 | $ 1,526 |
Purchased Non Covered Loans [Member] | Non-Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 16 | 14 | 5 |
Troubled debt restructuring loans | $ 977 | $ 658 | $ 167 |
Purchased Non Covered Loans [Member] | Financing Receivables, 30 Days Past Due [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 1 | 2 | |
Troubled debt restructuring loans | $ 12 | $ 329 | |
Purchased Non Covered Loans [Member] | Financing Receivables, 30 Days Past Due [Member] | Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 29 | 31 | 10 |
Troubled debt restructuring loans | $ 8,917 | $ 9,373 | $ 1,526 |
Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 4 | 12 | |
Troubled debt restructuring loans | $ 14,385 | $ 14,418 | $ 12,935 |
Loans Excluding Purchased Non Covered And Covered Loan [Member] | Non-Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 55 | ||
Troubled debt restructuring loans | $ 3,103 | ||
Loans Excluding Purchased Non Covered And Covered Loan [Member] | Financing Receivables, 30 Days Past Due [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 14 | 14 | |
Troubled debt restructuring loans | $ 793 | $ 1,519 | |
Loans Excluding Purchased Non Covered And Covered Loan [Member] | Financing Receivables, 30 Days Past Due [Member] | Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 93 | 94 | 86 |
Troubled debt restructuring loans | $ 14,385 | $ 14,418 | $ 12,935 |
Loans Excluding Purchased Non Covered And Covered Loan [Member] | Financing Receivables, 30 Days Past Due [Member] | Non-Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 59 | 34 | |
Troubled debt restructuring loans | $ 1,986 | $ 997 | |
Covered Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Troubled debt restructuring loans | $ 15,700 | $ 15,500 | $ 23,300 |
Covered Loans [Member] | Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 104 | 107 | 115 |
Troubled debt restructuring loans | $ 12,308 | $ 13,283 | $ 20,721 |
Covered Loans [Member] | Non-Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 34 | 31 | 15 |
Troubled debt restructuring loans | $ 3,434 | $ 2,184 | $ 2,570 |
Covered Loans [Member] | Financing Receivables, 30 Days Past Due [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 8 | 7 | |
Troubled debt restructuring loans | $ 1,102 | $ 2,090 | |
Commercial, financial & agricultural [Member] | Purchased Non Covered Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Troubled debt restructuring loans | $ 21 | $ 1 | |
Commercial, financial & agricultural [Member] | Purchased Non Covered Loans [Member] | Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 1 | 1 | 0 |
Troubled debt restructuring loans | $ 2 | $ 2 | $ 0 |
Commercial, financial & agricultural [Member] | Purchased Non Covered Loans [Member] | Non-Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 2 | 2 | 1 |
Troubled debt restructuring loans | $ 19 | ||
Commercial, financial & agricultural [Member] | Purchased Non Covered Loans [Member] | Financing Receivables, 30 Days Past Due [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 0 | 0 | |
Troubled debt restructuring loans | $ 0 | $ 0 | |
Commercial, financial & agricultural [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 1 | 0 | |
Troubled debt restructuring loans | $ 12 | $ 0 | |
Commercial, financial & agricultural [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | Financing Receivables, 30 Days Past Due [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 2 | 1 | |
Troubled debt restructuring loans | $ 7 | $ 5 | |
Commercial, financial & agricultural [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | Financing Receivables, 30 Days Past Due [Member] | Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 5 | 4 | 5 |
Troubled debt restructuring loans | $ 279 | $ 240 | $ 277 |
Commercial, financial & agricultural [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | Financing Receivables, 30 Days Past Due [Member] | Non-Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 10 | 10 | 3 |
Troubled debt restructuring loans | $ 75 | $ 110 | $ 17 |
Commercial, financial & agricultural [Member] | Covered Loans [Member] | Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 0 | 0 | 1 |
Troubled debt restructuring loans | $ 0 | $ 0 | $ 3 |
Commercial, financial & agricultural [Member] | Covered Loans [Member] | Non-Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 3 | 2 | 2 |
Troubled debt restructuring loans | $ 77 | $ 1 | $ 0 |
Commercial, financial & agricultural [Member] | Covered Loans [Member] | Financing Receivables, 30 Days Past Due [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 0 | 0 | |
Troubled debt restructuring loans | $ 0 | $ 0 | |
Real Estate - construction & development [Member] | Purchased Non Covered Loans [Member] | Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 2 | 1 | 1 |
Troubled debt restructuring loans | $ 510 | $ 363 | $ 328 |
Real Estate - construction & development [Member] | Purchased Non Covered Loans [Member] | Non-Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 3 | 3 | 0 |
Troubled debt restructuring loans | $ 39 | $ 42 | $ 0 |
Real Estate - construction & development [Member] | Purchased Non Covered Loans [Member] | Financing Receivables, 30 Days Past Due [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 1 | 1 | |
Troubled debt restructuring loans | $ 12 | $ 328 | |
Real Estate - construction & development [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 0 | 0 | |
Troubled debt restructuring loans | $ 0 | $ 0 | |
Real Estate - construction & development [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | Financing Receivables, 30 Days Past Due [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 1 | 0 | |
Troubled debt restructuring loans | $ 18 | $ 0 | |
Real Estate - construction & development [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | Financing Receivables, 30 Days Past Due [Member] | Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 9 | 11 | 9 |
Troubled debt restructuring loans | $ 476 | $ 792 | $ 789 |
Real Estate - construction & development [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | Financing Receivables, 30 Days Past Due [Member] | Non-Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 2 | 3 | 4 |
Troubled debt restructuring loans | $ 30 | $ 63 | $ 90 |
Real Estate - construction & development [Member] | Covered Loans [Member] | Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 4 | 4 | 3 |
Troubled debt restructuring loans | $ 790 | $ 779 | $ 2,819 |
Real Estate - construction & development [Member] | Covered Loans [Member] | Non-Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 0 | 0 | 1 |
Troubled debt restructuring loans | $ 0 | $ 0 | $ 13 |
Real Estate - construction & development [Member] | Covered Loans [Member] | Financing Receivables, 30 Days Past Due [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 0 | 0 | |
Troubled debt restructuring loans | $ 0 | $ 0 | |
Real estate - commercial & farmland [Member] | Purchased Non Covered Loans [Member] | Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 12 | 14 | 3 |
Troubled debt restructuring loans | $ 6,003 | $ 6,214 | $ 720 |
Real estate - commercial & farmland [Member] | Purchased Non Covered Loans [Member] | Non-Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 4 | 3 | 1 |
Troubled debt restructuring loans | $ 431 | $ 412 | $ 69 |
Real estate - commercial & farmland [Member] | Purchased Non Covered Loans [Member] | Financing Receivables, 30 Days Past Due [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 0 | 0 | |
Troubled debt restructuring loans | $ 0 | $ 0 | |
Real estate - commercial & farmland [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 2 | 2 | |
Troubled debt restructuring loans | $ 1,605 | $ 2,015 | |
Real estate - commercial & farmland [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | Financing Receivables, 30 Days Past Due [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 1 | 3 | |
Troubled debt restructuring loans | $ 194 | $ 746 | |
Real estate - commercial & farmland [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | Financing Receivables, 30 Days Past Due [Member] | Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 17 | 16 | 20 |
Troubled debt restructuring loans | $ 5,945 | $ 5,766 | $ 7,309 |
Real estate - commercial & farmland [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | Financing Receivables, 30 Days Past Due [Member] | Non-Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 3 | 3 | 1 |
Troubled debt restructuring loans | $ 1,871 | $ 596 | $ 64 |
Real estate - commercial & farmland [Member] | Covered Loans [Member] | Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 3 | 4 | 13 |
Troubled debt restructuring loans | $ 1,311 | $ 1,967 | $ 6,461 |
Real estate - commercial & farmland [Member] | Covered Loans [Member] | Non-Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 5 | 3 | 2 |
Troubled debt restructuring loans | $ 2,133 | $ 1,067 | $ 1,736 |
Real estate - commercial & farmland [Member] | Covered Loans [Member] | Financing Receivables, 30 Days Past Due [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 1 | 2 | |
Troubled debt restructuring loans | $ 613 | $ 1,728 | |
Real Estate - Residential [Member] | Purchased Non Covered Loans [Member] | Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 12 | 13 | 5 |
Troubled debt restructuring loans | $ 2,397 | $ 2,789 | $ 477 |
Real Estate - Residential [Member] | Purchased Non Covered Loans [Member] | Non-Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 5 | 4 | 2 |
Troubled debt restructuring loans | $ 486 | $ 180 | $ 93 |
Real Estate - Residential [Member] | Purchased Non Covered Loans [Member] | Financing Receivables, 30 Days Past Due [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 0 | 0 | |
Troubled debt restructuring loans | $ 0 | $ 0 | |
Real Estate - Residential [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 1 | 7 | |
Troubled debt restructuring loans | $ 60 | $ 666 | |
Real Estate - Residential [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | Financing Receivables, 30 Days Past Due [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 9 | 6 | |
Troubled debt restructuring loans | $ 563 | $ 748 | |
Real Estate - Residential [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | Financing Receivables, 30 Days Past Due [Member] | Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 52 | 51 | 42 |
Troubled debt restructuring loans | $ 7,648 | $ 7,574 | $ 4,513 |
Real Estate - Residential [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | Financing Receivables, 30 Days Past Due [Member] | Non-Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 19 | 20 | 11 |
Troubled debt restructuring loans | $ 1,040 | $ 1,123 | $ 736 |
Real Estate - Residential [Member] | Covered Loans [Member] | Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 96 | 97 | 97 |
Troubled debt restructuring loans | $ 10,200 | $ 10,529 | $ 11,436 |
Real Estate - Residential [Member] | Covered Loans [Member] | Non-Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 26 | 26 | 10 |
Troubled debt restructuring loans | $ 1,224 | $ 1,116 | $ 821 |
Real Estate - Residential [Member] | Covered Loans [Member] | Financing Receivables, 30 Days Past Due [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 7 | 5 | |
Troubled debt restructuring loans | $ 489 | $ 362 | |
Consumer installment [Member] | Purchased Non Covered Loans [Member] | Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 2 | 2 | 1 |
Troubled debt restructuring loans | $ 5 | $ 5 | $ 1 |
Consumer installment [Member] | Purchased Non Covered Loans [Member] | Non-Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 2 | 2 | 1 |
Troubled debt restructuring loans | $ 2 | $ 3 | $ 4 |
Consumer installment [Member] | Purchased Non Covered Loans [Member] | Financing Receivables, 30 Days Past Due [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 0 | 1 | |
Troubled debt restructuring loans | $ 0 | $ 1 | |
Consumer installment [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 0 | 3 | |
Troubled debt restructuring loans | $ 0 | $ 17 | |
Consumer installment [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | Financing Receivables, 30 Days Past Due [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 1 | 4 | |
Troubled debt restructuring loans | $ 11 | $ 20 | |
Consumer installment [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | Financing Receivables, 30 Days Past Due [Member] | Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 10 | 12 | 10 |
Troubled debt restructuring loans | $ 37 | $ 46 | $ 47 |
Consumer installment [Member] | Loans Excluding Purchased Non Covered And Covered Loan [Member] | Financing Receivables, 30 Days Past Due [Member] | Non-Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 21 | 23 | 15 |
Troubled debt restructuring loans | $ 87 | $ 94 | $ 90 |
Consumer installment [Member] | Covered Loans [Member] | Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 1 | 2 | 1 |
Troubled debt restructuring loans | $ 7 | $ 8 | $ 2 |
Consumer installment [Member] | Covered Loans [Member] | Non-Accruing Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 0 | 0 | 0 |
Troubled debt restructuring loans | $ 0 | $ 0 | $ 0 |
Consumer installment [Member] | Covered Loans [Member] | Financing Receivables, 30 Days Past Due [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of contracts | Contract | 0 | 0 | |
Troubled debt restructuring loans | $ 0 | $ 0 |
LOANS (Details 19)
LOANS (Details 19) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | ||||
Mar. 31, 2016 | Mar. 31, 2015 | Dec. 31, 2015 | Mar. 31, 2016 | Dec. 31, 2015 | Mar. 31, 2015 | |
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||||
Beginning Balance | $ 21,062 | $ 21,157 | $ 21,157 | |||
Provision for loan losses | 681 | 1,069 | 5,264 | |||
Loans charged off | (1,814) | (1,648) | (9,133) | |||
Recoveries of loans previously charged off | 1,553 | 1,274 | 3,774 | |||
Balance | 21,482 | 21,852 | 21,062 | |||
Loans individually evaluated for impairment | $ 5,142 | $ 4,131 | $ 4,817 | |||
Loans collectively evaluated for impairment | 16,340 | 16,931 | 17,035 | |||
Balance | 21,062 | 21,157 | 21,062 | 21,482 | 21,062 | 21,852 |
Individually evaluated for impairment | 62,454 | 23,712 | 28,987 | |||
Collectively evaluated for impairment | 4,168,502 | 3,697,437 | 2,631,383 | |||
Acquired with deteriorated credit quality | 213,983 | 187,774 | 227,887 | |||
Ending balance | 4,444,939 | 3,908,923 | 2,888,257 | |||
Commercial Financial And Agricultural [Member] | ||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||||
Beginning Balance | 1,144 | 2,004 | 2,004 | |||
Provision for loan losses | 788 | (498) | (73) | |||
Loans charged off | (406) | (392) | (1,438) | |||
Recoveries of loans previously charged off | 73 | 285 | 651 | |||
Balance | 1,599 | 1,399 | 1,144 | |||
Loans individually evaluated for impairment | 400 | 126 | 230 | |||
Loans collectively evaluated for impairment | 1,199 | 1,018 | 1,169 | |||
Balance | 1,144 | 2,004 | 1,144 | 1,599 | 1,144 | 1,399 |
Individually evaluated for impairment | 799 | 323 | 324 | |||
Collectively evaluated for impairment | 433,274 | 449,300 | 334,593 | |||
Acquired with deteriorated credit quality | 0 | 0 | 0 | |||
Ending balance | 434,073 | 449,623 | 334,917 | |||
Real Estate Construction And Development [Member] | ||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||||
Beginning Balance | 5,009 | 5,030 | 5,030 | |||
Provision for loan losses | (1,051) | 347 | 278 | |||
Loans charged off | (155) | (97) | (622) | |||
Recoveries of loans previously charged off | 122 | 31 | 323 | |||
Balance | 3,925 | 5,311 | 5,009 | |||
Loans individually evaluated for impairment | 733 | 759 | 627 | |||
Loans collectively evaluated for impairment | 3,192 | 4,250 | 4,684 | |||
Balance | 5,009 | 5,030 | 5,009 | 3,925 | 5,009 | 5,311 |
Individually evaluated for impairment | 1,604 | 1,958 | 2,982 | |||
Collectively evaluated for impairment | 263,216 | 242,735 | 175,586 | |||
Acquired with deteriorated credit quality | 0 | 0 | 0 | |||
Ending balance | 264,820 | 244,693 | 178,568 | |||
Real estate - commercial & farmland [Member] | ||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||||
Beginning Balance | 7,994 | 8,823 | 8,823 | |||
Provision for loan losses | (669) | (56) | 1,221 | |||
Loans charged off | (347) | (12) | (2,367) | |||
Recoveries of loans previously charged off | 121 | 15 | 317 | |||
Balance | 7,099 | 8,770 | 7,994 | |||
Loans individually evaluated for impairment | 873 | 1,074 | 2,123 | |||
Loans collectively evaluated for impairment | 6,226 | 6,920 | 6,647 | |||
Balance | 7,994 | 8,823 | 7,994 | 7,099 | 7,994 | 8,770 |
Individually evaluated for impairment | 12,050 | 11,877 | 14,557 | |||
Collectively evaluated for impairment | 1,142,837 | 1,093,114 | 932,717 | |||
Acquired with deteriorated credit quality | 0 | 0 | 0 | |||
Ending balance | 1,154,887 | 1,104,991 | 947,274 | |||
Residential Real Estate [Member] | ||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||||
Beginning Balance | 4,760 | 4,129 | 4,129 | |||
Provision for loan losses | 25 | 1,090 | 2,067 | |||
Loans charged off | (468) | (268) | (1,587) | |||
Recoveries of loans previously charged off | 314 | 57 | 151 | |||
Balance | 4,631 | 5,008 | 4,760 | |||
Loans individually evaluated for impairment | 2,153 | 2,172 | 1,837 | |||
Loans collectively evaluated for impairment | 2,478 | 2,588 | 3,171 | |||
Balance | 4,760 | 4,129 | 4,760 | 4,631 | 4,760 | 5,008 |
Individually evaluated for impairment | 9,540 | 9,554 | 11,124 | |||
Collectively evaluated for impairment | 619,598 | 560,876 | 484,919 | |||
Acquired with deteriorated credit quality | 0 | 0 | 0 | |||
Ending balance | 629,138 | 570,430 | 496,043 | |||
Other [Member] | ||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||||
Beginning Balance | 1,574 | 1,171 | 1,171 | |||
Provision for loan losses | 399 | 217 | 676 | |||
Loans charged off | (59) | (86) | (410) | |||
Recoveries of loans previously charged off | 25 | 62 | 137 | |||
Balance | 1,939 | 1,364 | 1,574 | |||
Loans individually evaluated for impairment | 0 | 0 | 0 | |||
Loans collectively evaluated for impairment | 1,939 | 1,574 | 1,364 | |||
Balance | 1,574 | 1,171 | 1,574 | 1,939 | 1,574 | 1,364 |
Individually evaluated for impairment | 0 | 0 | 0 | |||
Collectively evaluated for impairment | 45,089 | 37,140 | 42,618 | |||
Acquired with deteriorated credit quality | 0 | 0 | 0 | |||
Ending balance | 45,089 | 37,140 | 42,618 | |||
Covered Loans [Member] | ||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||||
Beginning Balance | 0 | 0 | 0 | |||
Provision for loan losses | 361 | 401 | 751 | |||
Loans charged off | (72) | (563) | (1,759) | |||
Recoveries of loans previously charged off | 240 | 162 | 1,008 | |||
Balance | 529 | 0 | 0 | |||
Loans individually evaluated for impairment | 529 | 0 | 0 | |||
Loans collectively evaluated for impairment | 0 | 0 | 0 | |||
Balance | 0 | 0 | 0 | 529 | 0 | 0 |
Individually evaluated for impairment | 21,429 | 0 | 0 | |||
Collectively evaluated for impairment | 28,937 | 52,451 | 108,113 | |||
Acquired with deteriorated credit quality | 79,913 | 85,078 | 137,632 | |||
Ending balance | 38,961 | 56,705 | 97,212 | |||
Covered Loans [Member] | Commercial Financial And Agricultural [Member] | ||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||||
Ending balance | 4,842 | 5,188 | 13,512 | |||
Covered Loans [Member] | Real Estate Construction And Development [Member] | ||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||||
Ending balance | 8,347 | 15,119 | 24,503 | |||
Covered Loans [Member] | Real estate - commercial & farmland [Member] | ||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||||
Ending balance | 10,264 | 20,508 | 35,493 | |||
Covered Loans [Member] | Residential Real Estate [Member] | ||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||||
Ending balance | 15,457 | 15,830 | 23,585 | |||
Purchased Non Covered Loans [Member] | ||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||||
Beginning Balance | 581 | 0 | 0 | |||
Provision for loan losses | 828 | (432) | 344 | |||
Loans charged off | (307) | (230) | (950) | |||
Recoveries of loans previously charged off | 658 | 662 | 1,187 | |||
Balance | 1,760 | 0 | 581 | |||
Loans individually evaluated for impairment | 454 | 0 | 0 | |||
Loans collectively evaluated for impairment | 1,306 | 581 | 0 | |||
Balance | $ 581 | $ 0 | $ 581 | 1,760 | 581 | 0 |
Individually evaluated for impairment | 17,032 | 0 | 0 | |||
Collectively evaluated for impairment | 1,635,551 | 1,261,821 | 552,837 | |||
Acquired with deteriorated credit quality | 134,070 | 102,696 | 90,255 | |||
Ending balance | 31,450 | 42,129 | 29,616 | |||
Purchased Non Covered Loans [Member] | Commercial Financial And Agricultural [Member] | ||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||||
Ending balance | 2,632 | 3,103 | 1,331 | |||
Purchased Non Covered Loans [Member] | Real Estate Construction And Development [Member] | ||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||||
Ending balance | 3,599 | 8,987 | 2,153 | |||
Purchased Non Covered Loans [Member] | Real estate - commercial & farmland [Member] | ||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||||
Ending balance | 15,358 | 14,999 | 13,911 | |||
Purchased Non Covered Loans [Member] | Residential Real Estate [Member] | ||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||||
Ending balance | $ 9,774 | $ 14,946 | $ 12,183 |
LOANS (Details Textual)
LOANS (Details Textual) - USD ($) | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | Dec. 31, 2015 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans And Leases Receivable Gross Carrying Amount Non Covered Loans | $ 1,130,000 | $ 643,100,000 | $ 771,600,000 |
Covered Loans Acquired | 130,300,000 | 245,700,000 | 137,500,000 |
Modified loans | 36,800,000 | 32,000,000 | |
Troubled debt restructurings, previous charge-offs | 1,200,000 | 1,600,000 | 1,300,000 |
Allowance for loan losses allocated to troubled debt restructurings | 2,700,000 | 1,600,000 | 2,700,000 |
Purchased Loan Pools | 656,734,000 | 0 | 592,963,000 |
Mortgage Loans on Real Estate, Face Amount of Mortgages | 644,300,000 | 580,700,000 | |
Purchase Premium Paid At Acquisition | 12,400,000 | 12,300,000 | |
Residential mortgages on properties principal balances | 644,300,000 | 580,700,000 | |
Allowance for Loan and Lease Losses, Loans Acquired | 1,300,000 | 581,000 | |
Purchased Non Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans | 19,187,000 | 17,308,000 | 13,330,000 |
Modified loans | 25,015,000 | 24,590,000 | 22,264,000 |
Troubled debt restructurings, previous charge-offs | 377,000 | 377,000 | |
Troubled debt restructuring loans | 9,193,000 | 1,526,000 | 9,373,000 |
Troubled debt restructurings, provision for loan loss expense | 12,000 | 329,000 | |
Financing Receivable, Modifications, Post-Modification Recorded Investment | 494,000 | 5,000 | |
Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans | 13,331,000 | 38,359,000 | 13,238,000 |
Modified loans | 12,873,000 | 31,201,000 | 13,821,000 |
Troubled debt restructurings, previous charge-offs | 1,200,000 | 1,100,000 | 1,200,000 |
Troubled debt restructuring loans | 15,700,000 | 23,300,000 | 15,500,000 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | 1,100,000 | 2,100,000 | |
Loans Excluding Purchased Non Covered And Covered Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans | 15,700,000 | 20,841,000 | 16,860,000 |
Modified loans | 26,271,000 | 38,964,000 | 26,268,000 |
Troubled debt restructurings principal balances | 1,700,000 | 2,700,000 | |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 793,000 | 1,500,000 | |
Troubled debt restructuring loans | 14,385,000 | $ 12,935,000 | $ 14,418,000 |
Minimum [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans | $ 100,000 | ||
Loan To Value Ratio | 110.00% | ||
Past due loan accrued | 30 days | ||
Minimum [Member] | Substandard [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans | $ 125,000 | ||
Minimum [Member] | Independent Third Party Loan Review [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Amount of Loan Relationship With Risk Ratings Reviewed Annually | 250,000 | ||
Minimum [Member] | Internal Loan Review Department [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Amount of Loan Relationship With Risk Ratings Reviewed Annually | $ 1,000,000 |
ASSETS ACQUIRED IN FDIC-ASSIS68
ASSETS ACQUIRED IN FDIC-ASSISTED ACQUISITIONS (Details) | 3 Months Ended |
Mar. 31, 2016 | |
American United Bank (AUB) [Member] | |
Business Acquisition [Line Items] | |
Bank Acquired | American United Bank (“AUB”) |
Branches | 1 |
Date Acquired | Oct. 23, 2009 |
United Security Bank (USB) [Member] | |
Business Acquisition [Line Items] | |
Bank Acquired | United Security Bank (“USB”) |
Branches | 2 |
Date Acquired | Nov. 6, 2009 |
Satilla Community Bank (SCB) [Member] | |
Business Acquisition [Line Items] | |
Bank Acquired | Satilla Community Bank (“SCB”) |
Branches | 1 |
Date Acquired | May 14, 2010 |
First Bank of Jacksonville (FBJ) [Member] | |
Business Acquisition [Line Items] | |
Bank Acquired | First Bank of Jacksonville (“FBJ”) |
Branches | 2 |
Date Acquired | Oct. 22, 2010 |
Tifton Banking Company (TBC) [Member] | |
Business Acquisition [Line Items] | |
Bank Acquired | Tifton Banking Company (“TBC”) |
Branches | 1 |
Date Acquired | Nov. 12, 2010 |
Darby Bank & Trust (DBT) [Member] | |
Business Acquisition [Line Items] | |
Bank Acquired | Darby Bank & Trust (“DBT”) |
Branches | 7 |
Date Acquired | Nov. 12, 2010 |
High Trust Bank (HTB) [Member] | |
Business Acquisition [Line Items] | |
Bank Acquired | High Trust Bank (“HTB”) |
Branches | 2 |
Date Acquired | Jul. 15, 2011 |
One Georgia Bank (OGB) [Member] | |
Business Acquisition [Line Items] | |
Bank Acquired | One Georgia Bank (“OGB”) |
Branches | 1 |
Date Acquired | Jul. 15, 2011 |
Central Bank of Georgia (CBG) [Member] | |
Business Acquisition [Line Items] | |
Bank Acquired | Central Bank of Georgia (“CBG”) |
Branches | 5 |
Date Acquired | Feb. 24, 2012 |
Montgomery Bank & Trust (MBT) [Member] | |
Business Acquisition [Line Items] | |
Bank Acquired | Montgomery Bank & Trust (“MBT”) |
Branches | 2 |
Date Acquired | Jul. 6, 2012 |
ASSETS ACQUIRED IN FDIC-ASSIS69
ASSETS ACQUIRED IN FDIC-ASSISTED ACQUISITIONS (Details 1) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | ||
Mar. 31, 2016 | Mar. 31, 2015 | Dec. 31, 2015 | Dec. 31, 2014 | |
Covered Assets [Line Items] | ||||
Covered loans | $ 139,823 | $ 265,488 | $ 148,573 | |
Less: Fair value adjustments | (9,544) | 19,743 | 11,044 | |
Total covered loans | 130,279 | 245,745 | 137,529 | |
OREO | 4,257 | 18,531 | 5,938 | |
Less: Fair value adjustments | (493) | 2,442 | 927 | |
Total covered OREO | 3,764 | 16,089 | 5,011 | |
Total covered assets | 134,043 | 261,834 | 142,540 | |
FDIC loss-share receivable (payable) | 1,197 | 23,312 | 6,301 | $ 31,351 |
American United Bank [Member] | ||||
Covered Assets [Line Items] | ||||
Covered loans | 0 | 0 | 0 | |
Less: Fair value adjustments | 0 | 0 | 0 | |
Total covered loans | 0 | 0 | 0 | |
OREO | 0 | 0 | 0 | |
Less: Fair value adjustments | 0 | 0 | 0 | |
Total covered OREO | 0 | 0 | 0 | |
Total covered assets | 0 | 0 | 0 | |
FDIC loss-share receivable (payable) | 261 | 248 | 111 | |
United Security Bank [Member] | ||||
Covered Assets [Line Items] | ||||
Covered loans | 3,561 | 4,031 | 3,639 | |
Less: Fair value adjustments | (14) | 19 | 16 | |
Total covered loans | 3,547 | 4,012 | 3,623 | |
OREO | 0 | 165 | 165 | |
Less: Fair value adjustments | 0 | 0 | 0 | |
Total covered OREO | 0 | 165 | 165 | |
Total covered assets | 3,547 | 4,177 | 3,788 | |
FDIC loss-share receivable (payable) | (1,590) | (1,216) | (1,424) | |
Satilla Community Bank [Member] | ||||
Covered Assets [Line Items] | ||||
Covered loans | 5,187 | 23,803 | 5,228 | |
Less: Fair value adjustments | (87) | 512 | 124 | |
Total covered loans | 5,100 | 23,291 | 5,104 | |
OREO | 0 | 2,474 | 0 | |
Less: Fair value adjustments | 0 | 389 | 0 | |
Total covered OREO | 0 | 2,085 | 0 | |
Total covered assets | 5,100 | 25,376 | 5,104 | |
FDIC loss-share receivable (payable) | 138 | 2,093 | 149 | |
First Bank of Jacksonville [Member] | ||||
Covered Assets [Line Items] | ||||
Covered loans | 4,498 | 19,409 | 4,782 | |
Less: Fair value adjustments | (541) | 1,539 | 562 | |
Total covered loans | 3,957 | 17,870 | 4,220 | |
OREO | 68 | 427 | 41 | |
Less: Fair value adjustments | 0 | 56 | 0 | |
Total covered OREO | 68 | 371 | 41 | |
Total covered assets | 4,025 | 18,241 | 4,261 | |
FDIC loss-share receivable (payable) | (20) | 1,366 | 252 | |
Darby Bank and Trust [Member] | ||||
Covered Assets [Line Items] | ||||
Covered loans | 15,147 | 53,832 | 15,934 | |
Less: Fair value adjustments | (1,000) | 4,740 | 1,131 | |
Total covered loans | 14,147 | 49,092 | 14,803 | |
OREO | 0 | 5,716 | 0 | |
Less: Fair value adjustments | 0 | 381 | 0 | |
Total covered OREO | 0 | 5,335 | 0 | |
Total covered assets | 14,147 | 54,427 | 14,803 | |
FDIC loss-share receivable (payable) | (3,451) | 3,576 | (1,084) | |
Tifton Banking Company [Member] | ||||
Covered Assets [Line Items] | ||||
Covered loans | 2,027 | 21,068 | 2,159 | |
Less: Fair value adjustments | (10) | 570 | 11 | |
Total covered loans | 2,017 | 20,498 | 2,148 | |
OREO | 0 | 1,698 | 0 | |
Less: Fair value adjustments | 0 | 162 | 0 | |
Total covered OREO | 0 | 1,536 | 0 | |
Total covered assets | 2,017 | 22,034 | 2,148 | |
FDIC loss-share receivable (payable) | 94 | 1,545 | 1,446 | |
High Trust Bank [Member] | ||||
Covered Assets [Line Items] | ||||
Covered loans | 43,996 | 48,384 | 44,405 | |
Less: Fair value adjustments | (3,750) | 4,331 | 3,881 | |
Total covered loans | 40,246 | 44,053 | 40,524 | |
OREO | 1,451 | 2,885 | 2,433 | |
Less: Fair value adjustments | (328) | 938 | 643 | |
Total covered OREO | 1,123 | 1,947 | 1,790 | |
Total covered assets | 41,369 | 46,000 | 42,314 | |
FDIC loss-share receivable (payable) | 3,079 | 7,069 | 3,875 | |
One Georgia Bank [Member] | ||||
Covered Assets [Line Items] | ||||
Covered loans | 22,512 | 38,699 | 27,561 | |
Less: Fair value adjustments | (1,249) | 2,409 | 1,900 | |
Total covered loans | 21,263 | 36,290 | 25,661 | |
OREO | 136 | 1,435 | 160 | |
Less: Fair value adjustments | 0 | 39 | 0 | |
Total covered OREO | 136 | 1,396 | 160 | |
Total covered assets | 21,399 | 37,686 | 25,821 | |
FDIC loss-share receivable (payable) | 556 | 2,748 | 913 | |
Central Bank of Georgia [Member] | ||||
Covered Assets [Line Items] | ||||
Covered loans | 42,895 | 56,262 | 44,865 | |
Less: Fair value adjustments | (2,893) | 5,623 | 3,419 | |
Total covered loans | 40,002 | 50,639 | 41,446 | |
OREO | 2,602 | 3,731 | 3,139 | |
Less: Fair value adjustments | (165) | 477 | 284 | |
Total covered OREO | 2,437 | 3,254 | 2,855 | |
Total covered assets | 42,439 | 53,893 | 44,301 | |
FDIC loss-share receivable (payable) | $ 2,130 | $ 5,883 | $ 2,063 |
ASSETS ACQUIRED IN FDIC-ASSIS70
ASSETS ACQUIRED IN FDIC-ASSISTED ACQUISITIONS (Details 2) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | Dec. 31, 2015 | |
Covered Loans [Line Items] | |||
Balance, beginning of year | $ 9,063 | $ 15,578 | $ 15,578 |
Accretion | 1,487 | 4,466 | 9,658 |
Transfer to covered other real estate owned | (1,243) | (1,094) | |
Transfer to purchased, non-covered loans due to loss-share expiration | 0 | 0 | (1,665) |
Balance, ending of year | 7,942 | 12,965 | 9,063 |
Loans with Deterioration of Credit Quality [Member] | |||
Covered Loans [Line Items] | |||
Balance, beginning of year | 137,529 | 271,279 | 271,279 |
Charge-offs | (361) | (2,812) | (5,558) |
Accretion | 1,487 | 4,466 | 9,658 |
Transfer to covered other real estate owned | (158) | (1,230) | (7,910) |
Transfer to purchased, non-covered loans due to loss-share expiration | 0 | 0 | (50,568) |
Payments received | (8,218) | (25,958) | (79,372) |
Balance, ending of year | $ 130,279 | $ 245,745 | $ 137,529 |
ASSETS ACQUIRED IN FDIC-ASSIS71
ASSETS ACQUIRED IN FDIC-ASSISTED ACQUISITIONS (Details 3) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | Dec. 31, 2015 | |
Business Combinations | |||
Balance, beginning of year | $ 9,063 | $ 15,578 | $ 15,578 |
Accretion | (1,487) | (4,466) | (9,658) |
Transfer to purchased, non-covered loans due to loss-share expiration | 0 | 0 | (1,665) |
Transfers between non-accretable and accretable discounts, net | 366 | 1,853 | 4,808 |
Balance, ending of year | $ 7,942 | $ 12,965 | $ 9,063 |
ASSETS ACQUIRED IN FDIC-ASSIS72
ASSETS ACQUIRED IN FDIC-ASSISTED ACQUISITIONS (Details 4) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | Dec. 31, 2015 | |
Business Combinations [Abstract] | |||
Beginning balance | $ 6,301 | $ 31,351 | $ 31,351 |
Payments received from FDIC | (3,299) | (6,390) | (19,273) |
Amortization, net | (1,545) | (3,666) | (8,878) |
Change in clawback liability | (91) | (569) | (2,008) |
Charge-offs on covered loans | (673) | 1,602 | 416 |
Write downs of covered other real estate | 581 | 804 | 4,752 |
Reimbursable expenses on covered assets | 244 | 651 | 2,582 |
Other activity, net | (321) | (471) | (2,641) |
Ending balance | $ 1,197 | $ 23,312 | $ 6,301 |
ASSETS ACQUIRED IN FDIC-ASSIS73
ASSETS ACQUIRED IN FDIC-ASSISTED ACQUISITIONS (Details Textual) - USD ($) | 3 Months Ended | 12 Months Ended | ||
Mar. 31, 2016 | Dec. 31, 2014 | Dec. 31, 2015 | Mar. 31, 2015 | |
Business Combinations [Abstract] | ||||
FDIC Indemnification Asset | $ 1,197,000 | $ 31,351,000 | $ 6,301,000 | $ 23,312,000 |
Federal funds purchased and securities sold under agreements to repurchase | 5,100,000 | |||
Business Combination, Acquisition Related Costs | 4,400,000 | |||
Clawback Liability | $ 8,300,000 | $ 8,200,000 | $ 6,800,000 | |
Reimbursement Revenue | $ 87,000 |
OTHER REAL ESTATE OWNED (Detail
OTHER REAL ESTATE OWNED (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | Dec. 31, 2015 | |
Beginning balance, January 1 | $ 16,147 | $ 33,160 | $ 33,160 |
Loans transferred to other real estate owned | 1,044 | 2,444 | 11,261 |
Net gains (losses) on sale and write-downs | (736) | (958) | (9,971) |
Sales proceeds | (1,488) | (2,307) | (18,303) |
Ending balance | $ 14,967 | $ 32,339 | $ 16,147 |
OTHER REAL ESTATE OWNED (Deta75
OTHER REAL ESTATE OWNED (Details 1) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | Dec. 31, 2015 | |
Balance, January 1 | $ 14,333 | $ 15,585 | $ 15,585 |
Loans transferred to other real estate owned | 1,243 | 1,094 | 4,473 |
Acquired in acquisitions | 1,838 | 0 | 2,160 |
Transfer from covered other real estate owned due to loss-share expiration | 0 | 0 | 3,148 |
Net gains (losses) on sale and write-downs | 58 | 129 | 201 |
Sales proceeds | (2,424) | (2,990) | (11,234) |
Ending balance | $ 15,048 | $ 13,818 | $ 14,333 |
OTHER REAL ESTATE OWNED (Deta76
OTHER REAL ESTATE OWNED (Details 2) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | Dec. 31, 2015 | |
Beginning balance, January 1 | $ 5,011 | $ 19,907 | $ 19,907 |
Loans transferred to other real estate owned | 158 | 1,230 | 7,910 |
Transfer from covered other real estate owned due to loss-share expiration | 0 | 0 | (3,148) |
Net gains (losses) on sale and write-downs | (821) | (1,005) | (5,926) |
Sales proceeds | (584) | (4,043) | (13,732) |
Ending balance | $ 3,764 | $ 16,089 | $ 5,011 |
WEIGHTED AVERAGE SHARES OUTST77
WEIGHTED AVERAGE SHARES OUTSTANDING (Details) - shares shares in Thousands | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Basic average shares outstanding | 32,752 | 30,443 |
Plus: Dilutive effect of ISOs | 114 | 124 |
Plus: Dilutive effect of Restricted Share Grants | 188 | 229 |
Diluted average shares outstanding | 33,054 | 30,796 |
SECURITIES SOLD UNDER AGREEME78
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE (Details) - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 | Mar. 31, 2015 |
Disclosure of Repurchase Agreements [Abstract] | |||
Securities sold under agreements to repurchase | $ 43,741 | $ 63,585 | $ 55,520 |
OTHER BORROWINGS (Details)
OTHER BORROWINGS (Details) - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 | Mar. 31, 2015 |
Federal Home Loan Bank Borrowings By Year Of Maturity And Applicable Interest Rate [Line Items] | |||
Other borrowings | $ 110,531 | $ 39,000 | $ 43,851 |
Daily Rate Credit From Federal Home Loan Bank [Member] | |||
Federal Home Loan Bank Borrowings By Year Of Maturity And Applicable Interest Rate [Line Items] | |||
Advance from correspondent bank | 47,000 | 0 | 0 |
Revolving Credit Facility One [Member] | |||
Federal Home Loan Bank Borrowings By Year Of Maturity And Applicable Interest Rate [Line Items] | |||
Long-term Line of Credit | 36,000 | 24,000 | 24,000 |
Revolving Credit Facility Two [Member] | |||
Federal Home Loan Bank Borrowings By Year Of Maturity And Applicable Interest Rate [Line Items] | |||
Long-term Line of Credit | 879 | 0 | 0 |
Correspondent Bank Advances [Member] | |||
Federal Home Loan Bank Borrowings By Year Of Maturity And Applicable Interest Rate [Line Items] | |||
Advance from correspondent bank | 2,518 | 0 | 0 |
Subordinated Debt One [Member] | |||
Federal Home Loan Bank Borrowings By Year Of Maturity And Applicable Interest Rate [Line Items] | |||
Subordinated debt issued | 15,000 | 15,000 | 15,000 |
Fixed Rate Advance Two [Member] | |||
Federal Home Loan Bank Borrowings By Year Of Maturity And Applicable Interest Rate [Line Items] | |||
Advance from correspondent bank | 4,020 | 0 | 0 |
Fixed Rate Advance Three [Member] | |||
Federal Home Loan Bank Borrowings By Year Of Maturity And Applicable Interest Rate [Line Items] | |||
Advance from correspondent bank | 5,017 | 0 | 0 |
Correspondent Bank Advances One [Member] | |||
Federal Home Loan Bank Borrowings By Year Of Maturity And Applicable Interest Rate [Line Items] | |||
Other borrowings | 0 | 0 | 4,851 |
Correspondent Bank Advances Two [Member] | |||
Federal Home Loan Bank Borrowings By Year Of Maturity And Applicable Interest Rate [Line Items] | |||
Other borrowings | $ 97 | $ 0 | $ 0 |
OTHER BORROWINGS _Parenthetical
OTHER BORROWINGS [Parenthetical] (Details) | 3 Months Ended | ||
Mar. 31, 2016 | Dec. 31, 2015 | Mar. 31, 2015 | |
Daily Rate Credit From Federal Home Loan Bank [Member] | |||
Federal Home Loan Bank Borrowings By Year Of Maturity And Applicable Interest Rate [Line Items] | |||
Debt Instrument, Interest Rate, Effective Percentage | 0.51% | ||
Revolving Credit Facility One [Member] | |||
Federal Home Loan Bank Borrowings By Year Of Maturity And Applicable Interest Rate [Line Items] | |||
Debt Instrument, Description of Variable Rate Basis | Advances under revolving credit agreement with a regional bank with interest at 90-day LIBOR plus 3.50% (3.78% at March 31, 2016, 3.92% at December 31, 2015 and 3.73% at March 31, 2015) due in August 2017, secured by subsidiary bank stock | ||
Debt Instrument, Interest Rate, Effective Percentage | 3.78% | 3.92% | 3.73% |
Debt instrument, maturity period | August 31, 2017 | ||
Revolving Credit Facility Two [Member] | |||
Federal Home Loan Bank Borrowings By Year Of Maturity And Applicable Interest Rate [Line Items] | |||
Debt Instrument, Interest Rate, Effective Percentage | 8.00% | ||
Debt instrument, maturity period | January 31, 2017 | ||
Fixed Rate Advance One [Member] | |||
Federal Home Loan Bank Borrowings By Year Of Maturity And Applicable Interest Rate [Line Items] | |||
Debt Instrument, Interest Rate, Effective Percentage | 2.81% | ||
Maturity period of advances | Jul. 15, 2016 | ||
Fixed Rate Advance Two [Member] | |||
Federal Home Loan Bank Borrowings By Year Of Maturity And Applicable Interest Rate [Line Items] | |||
Debt Instrument, Interest Rate, Effective Percentage | 1.40% | ||
Maturity period of advances | Jan. 9, 2017 | ||
Fixed Rate Advance Three [Member] | |||
Federal Home Loan Bank Borrowings By Year Of Maturity And Applicable Interest Rate [Line Items] | |||
Debt Instrument, Interest Rate, Effective Percentage | 1.23% | ||
Maturity period of advances | May 30, 2017 | ||
Correspondent Bank Advances One [Member] | |||
Federal Home Loan Bank Borrowings By Year Of Maturity And Applicable Interest Rate [Line Items] | |||
Debt Instrument, Interest Rate, Effective Percentage | 4.50% | ||
Maturity period of advances | Nov. 27, 2017 | ||
Correspondent Bank Advances Two [Member] | |||
Federal Home Loan Bank Borrowings By Year Of Maturity And Applicable Interest Rate [Line Items] | |||
Debt Instrument, Interest Rate, Effective Percentage | 4.25% | ||
Maturity period of advances | Oct. 15, 2019 | ||
Subordinated Debt [Member] | |||
Federal Home Loan Bank Borrowings By Year Of Maturity And Applicable Interest Rate [Line Items] | |||
Debt Instrument, Description of Variable Rate Basis | Subordinated debt issued by The Prosperity Banking Company due September 2016 with an interest rate of 90-day LIBOR plus 1.75% (2.38% at March 31, 2016, 2.28% at December 31, 2015 and 2.02% at March 31, 2015) | ||
Debt Instrument, Interest Rate, Effective Percentage | 2.38% | 2.28% | 2.02% |
COMMITMENTS AND CONTINGENCIES81
COMMITMENTS AND CONTINGENCIES (Details) - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 | Mar. 31, 2015 |
Commitments to extend credit | $ 604,133 | $ 548,898 | $ 328,191 |
Unused lines of credit | 52,814 | 52,798 | 143,962 |
Financial standby letters of credit | 81,599 | 14,712 | 10,548 |
Mortgage interest rate lock commitments | $ 135,250 | $ 77,710 | $ 91,482 |
COMMITMENTS AND CONTINGENCIES82
COMMITMENTS AND CONTINGENCIES (Details Textual) $ in Millions | Aug. 08, 2013USD ($) |
Litigation Settlement, Amount | $ 2.9 |
ACCUMULATED OTHER COMPREHENSI83
ACCUMULATED OTHER COMPREHENSIVE INCOME (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Beginning Balance | $ 3,353 | $ 6,098 |
Reclassification for gains included in net income, net of tax | 61 | 8 |
Current year changes, net of tax | 3,119 | 263 |
Ending Balance | 6,411 | 6,353 |
Unrealized Gain (Loss) on Derivatives [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Beginning Balance | 152 | 508 |
Reclassification for gains included in net income, net of tax | 0 | 0 |
Current year changes, net of tax | (615) | (387) |
Ending Balance | (463) | 121 |
Unrealized Gain (Loss) on Securities [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Beginning Balance | 3,201 | 5,590 |
Reclassification for gains included in net income, net of tax | (61) | (8) |
Current year changes, net of tax | 3,734 | 650 |
Ending Balance | $ 6,874 | $ 6,232 |
FAIR VALUE OF FINANCIAL INSTR84
FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) - Mortgage Loans Held for Sale [Member] - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 | Mar. 31, 2015 |
Assets And Liabilities Carrying Value And Fair Value [Line Items] | |||
Aggregate Fair Value of Mortgage Loans held for sale | $ 97,439 | $ 111,182 | $ 73,796 |
Aggregate Unpaid Principal Balance | 94,346 | 107,652 | 70,905 |
Past-due loans of 90 days or more | 0 | 0 | 0 |
Nonaccrual loans | $ 0 | $ 0 | $ 0 |
FAIR VALUE OF FINANCIAL INSTR85
FAIR VALUE OF FINANCIAL INSTRUMENTS (Details 1) - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 | Mar. 31, 2015 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Recurring assets at fair value | $ 938,763 | $ 897,054 | $ 688,132 |
Recurring liabilities at fair value | 2,873 | 1,576 | 2,353 |
Level 1 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Recurring assets at fair value | 0 | 0 | 0 |
Recurring liabilities at fair value | 0 | 0 | 0 |
Level 2 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Recurring assets at fair value | 937,263 | 894,056 | 685,632 |
Recurring liabilities at fair value | 2,873 | 1,576 | 2,353 |
Level 3 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Recurring assets at fair value | 1,500 | 2,998 | 2,500 |
Recurring liabilities at fair value | 0 | 0 | 0 |
U.S. government sponsored agencies [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Recurring assets at fair value | 7,628 | 14,890 | 14,984 |
U.S. government sponsored agencies [Member] | Level 1 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Recurring assets at fair value | 0 | 0 | 0 |
U.S. government sponsored agencies [Member] | Level 2 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Recurring assets at fair value | 7,628 | 14,890 | 14,984 |
U.S. government sponsored agencies [Member] | Level 3 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Recurring assets at fair value | 0 | 0 | 0 |
State, county and municipal securities [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Recurring assets at fair value | 157,533 | 161,316 | 159,064 |
State, county and municipal securities [Member] | Level 1 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Recurring assets at fair value | 0 | 0 | 0 |
State, county and municipal securities [Member] | Level 2 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Recurring assets at fair value | 157,533 | 161,316 | 159,064 |
State, county and municipal securities [Member] | Level 3 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Recurring assets at fair value | 0 | 0 | 0 |
Corporate debt securities [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Recurring assets at fair value | 8,522 | 6,017 | 10,935 |
Corporate debt securities [Member] | Level 1 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Recurring assets at fair value | 0 | 0 | 0 |
Corporate debt securities [Member] | Level 2 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Recurring assets at fair value | 7,022 | 3,019 | 8,435 |
Corporate debt securities [Member] | Level 3 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Recurring assets at fair value | 1,500 | 2,998 | 2,500 |
Mortgage-backed securities [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Recurring assets at fair value | 663,420 | 600,962 | 425,347 |
Mortgage-backed securities [Member] | Level 1 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Recurring assets at fair value | 0 | 0 | 0 |
Mortgage-backed securities [Member] | Level 2 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Recurring assets at fair value | 663,420 | 600,962 | 425,347 |
Mortgage-backed securities [Member] | Level 3 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Recurring assets at fair value | 0 | 0 | 0 |
Mortgage loans held for sale [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Recurring assets at fair value | 97,439 | 111,182 | 73,796 |
Mortgage loans held for sale [Member] | Level 1 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Recurring assets at fair value | 0 | 0 | 0 |
Mortgage loans held for sale [Member] | Level 2 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Recurring assets at fair value | 97,439 | 111,182 | 73,796 |
Mortgage loans held for sale [Member] | Level 3 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Recurring assets at fair value | 0 | 0 | 0 |
Mortgage banking derivative instruments [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Recurring assets at fair value | 4,234 | 2,687 | 4,006 |
Recurring liabilities at fair value | 592 | 137 | 548 |
Mortgage banking derivative instruments [Member] | Level 1 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Recurring assets at fair value | 0 | 0 | 0 |
Recurring liabilities at fair value | 0 | 0 | 0 |
Mortgage banking derivative instruments [Member] | Level 2 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Recurring assets at fair value | 4,234 | 2,687 | 4,006 |
Recurring liabilities at fair value | 592 | 137 | 548 |
Mortgage banking derivative instruments [Member] | Level 3 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Recurring assets at fair value | 0 | 0 | 0 |
Recurring liabilities at fair value | 0 | 0 | 0 |
Derivative financial instruments [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Recurring liabilities at fair value | 2,281 | 1,439 | 1,805 |
Derivative financial instruments [Member] | Level 1 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Recurring liabilities at fair value | 0 | 0 | 0 |
Derivative financial instruments [Member] | Level 2 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Recurring liabilities at fair value | 2,281 | 1,439 | 1,805 |
Derivative financial instruments [Member] | Level 3 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Recurring liabilities at fair value | $ 0 | $ 0 | $ 0 |
FAIR VALUE OF FINANCIAL INSTR86
FAIR VALUE OF FINANCIAL INSTRUMENTS (Details 2) - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 | Mar. 31, 2015 |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Nonrecurring assets at fair value | $ 46,500 | $ 56,869 | $ 58,774 |
Level 1 [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Nonrecurring assets at fair value | 0 | 0 | 0 |
Level 2 [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Nonrecurring assets at fair value | 0 | 0 | 0 |
Level 3 [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Nonrecurring assets at fair value | 46,500 | 56,869 | 58,774 |
Impaired loans carried at fair value [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Nonrecurring assets at fair value | 25,831 | 27,069 | 28,867 |
Impaired loans carried at fair value [Member] | Level 1 [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Nonrecurring assets at fair value | 0 | 0 | 0 |
Impaired loans carried at fair value [Member] | Level 2 [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Nonrecurring assets at fair value | 0 | 0 | 0 |
Impaired loans carried at fair value [Member] | Level 3 [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Nonrecurring assets at fair value | 25,831 | 27,069 | 28,867 |
Other real estate owned [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Nonrecurring assets at fair value | 1,857 | 10,456 | |
Other real estate owned [Member] | Level 1 [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Nonrecurring assets at fair value | 0 | 0 | |
Other real estate owned [Member] | Level 2 [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Nonrecurring assets at fair value | 0 | 0 | |
Other real estate owned [Member] | Level 3 [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Nonrecurring assets at fair value | 1,857 | 10,456 | |
Purchased, non-covered other real estate owned [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Nonrecurring assets at fair value | 15,048 | 14,333 | 13,818 |
Purchased, non-covered other real estate owned [Member] | Level 1 [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Nonrecurring assets at fair value | 0 | 0 | 0 |
Purchased, non-covered other real estate owned [Member] | Level 2 [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Nonrecurring assets at fair value | 0 | 0 | 0 |
Purchased, non-covered other real estate owned [Member] | Level 3 [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Nonrecurring assets at fair value | 15,048 | 14,333 | 13,818 |
Covered other real estate owned [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Nonrecurring assets at fair value | 3,764 | 5,011 | 16,089 |
Covered other real estate owned [Member] | Level 1 [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Nonrecurring assets at fair value | 0 | 0 | 0 |
Covered other real estate owned [Member] | Level 2 [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Nonrecurring assets at fair value | 0 | 0 | 0 |
Covered other real estate owned [Member] | Level 3 [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Nonrecurring assets at fair value | $ 3,764 | $ 5,011 | $ 16,089 |
FAIR VALUE OF FINANCIAL INSTR87
FAIR VALUE OF FINANCIAL INSTRUMENTS (Details 3) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | Dec. 31, 2015 | |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Fair Value Disclosure, Nonrecurring | $ 46,500 | $ 58,774 | $ 56,869 |
Investment securities available for sale, Recurring | 938,763 | 688,132 | 897,054 |
Level 3 [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Fair Value Disclosure, Nonrecurring | 46,500 | 58,774 | 56,869 |
Investment securities available for sale, Recurring | 1,500 | 2,500 | 2,998 |
Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Investment securities available for sale, Recurring | $ 1,500 | $ 2,500 | $ 2,998 |
Valuation Technique | Discounted par values | Discounted par values | Discounted par values |
Fair Value Measurements Unobservable Inputs | Credit quality of underlying issuer | Credit quality of underlying issuer | Credit quality of underlying issuer |
Fair value inputs discount rate range | 0.00% | 0.00% | 0.00% |
Fair Value, Measurements, Recurring [Member] | Average Daily Balance [Member] | Level 3 [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Fair value inputs discount rate range | 0.00% | 0.00% | 0.00% |
Impaired Loans Carried At Fair Value [Member] | Fair Value, Measurements, Nonrecurring [Member] | Level 3 [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Fair Value Disclosure, Nonrecurring | $ 25,830 | $ 28,867 | $ 27,069 |
Valuation Technique | Third-party appraisals and discounted cash flows | Third-party appraisals and discounted cash flows | Third-party appraisals and discounted cash flows |
Fair Value Measurements Unobservable Inputs | Collateral discounts and discount rates | Collateral discounts and discount rates | Collateral discounts and discount rates |
Impaired Loans Carried At Fair Value [Member] | Fair Value, Measurements, Nonrecurring [Member] | Maximum [Member] | Level 3 [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Fair value inputs discount rate range | 100.00% | 70.00% | 100.00% |
Impaired Loans Carried At Fair Value [Member] | Fair Value, Measurements, Nonrecurring [Member] | Minimum [Member] | Level 3 [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Fair value inputs discount rate range | 0.00% | 0.00% | 0.00% |
Impaired Loans Carried At Fair Value [Member] | Fair Value, Measurements, Nonrecurring [Member] | Average Daily Balance [Member] | Level 3 [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Fair value inputs discount rate range | 27.00% | 24.00% | 29.00% |
Other real estate owned [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Fair Value Disclosure, Nonrecurring | $ 1,857 | $ 10,456 | |
Other real estate owned [Member] | Level 3 [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Fair Value Disclosure, Nonrecurring | 1,857 | 10,456 | |
Other real estate owned [Member] | Fair Value, Measurements, Nonrecurring [Member] | Level 3 [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Fair Value Disclosure, Nonrecurring | $ 1,857 | $ 10,456 | |
Valuation Technique | Third-party appraisals, sales contracts, broker price opinions | Third-party appraisals, sales contracts, broker price opinions | |
Fair Value Measurements Unobservable Inputs | Collateral discounts and estimated costs to sell | Collateral discounts and estimated costs to sell | |
Other real estate owned [Member] | Fair Value, Measurements, Nonrecurring [Member] | Maximum [Member] | Level 3 [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Fair value inputs discount rate range | 90.00% | 90.00% | |
Other real estate owned [Member] | Fair Value, Measurements, Nonrecurring [Member] | Minimum [Member] | Level 3 [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Fair value inputs discount rate range | 10.00% | 10.00% | |
Other real estate owned [Member] | Fair Value, Measurements, Nonrecurring [Member] | Average Daily Balance [Member] | Level 3 [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Fair value inputs discount rate range | 13.00% | 13.00% | |
Purchased, non-covered other real estate owned [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Fair Value Disclosure, Nonrecurring | $ 15,048 | $ 13,818 | $ 14,333 |
Purchased, non-covered other real estate owned [Member] | Level 3 [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Fair Value Disclosure, Nonrecurring | 15,048 | 13,818 | 14,333 |
Purchased, non-covered other real estate owned [Member] | Fair Value, Measurements, Nonrecurring [Member] | Level 3 [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Fair Value Disclosure, Nonrecurring | $ 15,048 | $ 13,818 | $ 14,333 |
Valuation Technique | Third-party appraisals | Third-party appraisals | Third-party appraisals |
Fair Value Measurements Unobservable Inputs | Collateral discounts and estimated costs to sell | Collateral discounts and estimated costs to sell | Collateral discounts and estimated costs to sell |
Purchased, non-covered other real estate owned [Member] | Fair Value, Measurements, Nonrecurring [Member] | Maximum [Member] | Level 3 [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Fair value inputs discount rate range | 75.00% | 96.00% | 69.00% |
Purchased, non-covered other real estate owned [Member] | Fair Value, Measurements, Nonrecurring [Member] | Minimum [Member] | Level 3 [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Fair value inputs discount rate range | 10.00% | 10.00% | 10.00% |
Purchased, non-covered other real estate owned [Member] | Fair Value, Measurements, Nonrecurring [Member] | Average Daily Balance [Member] | Level 3 [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Fair value inputs discount rate range | 16.00% | 16.00% | 19.00% |
Covered other real estate owned [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Fair Value Disclosure, Nonrecurring | $ 3,764 | $ 16,089 | $ 5,011 |
Covered other real estate owned [Member] | Level 3 [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Fair Value Disclosure, Nonrecurring | 3,764 | 16,089 | 5,011 |
Covered other real estate owned [Member] | Fair Value, Measurements, Nonrecurring [Member] | Level 3 [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Fair Value Disclosure, Nonrecurring | $ 3,764 | $ 16,089 | $ 5,011 |
Valuation Technique | Third-party appraisals | Third-party appraisals | Third-party appraisals |
Fair Value Measurements Unobservable Inputs | Collateral discounts and estimated costs to sell | Collateral discounts and estimated costs to sell | Collateral discounts and estimated costs to sell |
Covered other real estate owned [Member] | Fair Value, Measurements, Nonrecurring [Member] | Maximum [Member] | Level 3 [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Fair value inputs discount rate range | 59.00% | 70.00% | 74.00% |
Covered other real estate owned [Member] | Fair Value, Measurements, Nonrecurring [Member] | Minimum [Member] | Level 3 [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Fair value inputs discount rate range | 15.00% | 10.00% | 0.00% |
Covered other real estate owned [Member] | Fair Value, Measurements, Nonrecurring [Member] | Average Daily Balance [Member] | Level 3 [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Fair value inputs discount rate range | 17.00% | 9.00% | 12.00% |
FAIR VALUE OF FINANCIAL INSTR88
FAIR VALUE OF FINANCIAL INSTRUMENTS (Details 4) - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 | Mar. 31, 2015 | Dec. 31, 2014 |
Financial assets: | ||||
Cash and due from banks | $ 146,863 | $ 118,518 | $ 80,142 | |
Federal funds sold and interest-bearing accounts | 107,373 | 272,045 | 126,157 | |
FDIC loss-share receivable | 1,197 | 6,301 | 23,312 | $ 31,351 |
Financial liabilities: | ||||
Other borrowings | 110,531 | 39,000 | 43,851 | |
Subordinated deferrable interest debentures | 83,237 | 69,874 | 65,567 | |
Carrying Value [Member] | ||||
Financial assets: | ||||
Cash and due from banks | 146,863 | 118,518 | 80,142 | |
Federal funds sold and interest-bearing accounts | 107,373 | 272,045 | 126,157 | |
Loans, net | 4,495,066 | 3,971,974 | 2,837,538 | |
FDIC loss-share receivable | 1,197 | 6,301 | 23,312 | |
Accrued interest receivable | 20,940 | 21,274 | 15,332 | |
Financial liabilities: | ||||
Deposits | 5,230,787 | 4,879,290 | 3,480,231 | |
Securities sold under agreements to repurchase | 43,741 | 63,585 | 55,520 | |
Other borrowings | 110,531 | 39,000 | 43,851 | |
Accrued interest payable | 1,119 | 1,054 | 1,177 | |
Subordinated deferrable interest debentures | 83,237 | 69,874 | 65,567 | |
Fair Value [Member] | ||||
Financial assets: | ||||
Cash and due from banks | 146,863 | 118,518 | 80,142 | |
Federal funds sold and interest-bearing accounts | 107,373 | 272,045 | 126,157 | |
Loans, net | 4,518,521 | 3,982,606 | 2,885,524 | |
FDIC loss-share receivable | (5,114) | (944) | 9,990 | |
Accrued interest receivable | 20,940 | 21,274 | 15,332 | |
Financial liabilities: | ||||
Deposits | 5,231,556 | 4,880,294 | 3,481,470 | |
Securities sold under agreements to repurchase | 43,741 | 63,585 | 55,520 | |
Other borrowings | 110,531 | 39,000 | 43,851 | |
Accrued interest payable | 1,119 | 1,054 | 1,177 | |
Subordinated deferrable interest debentures | 66,783 | 52,785 | 47,055 | |
Fair Value [Member] | Fair Value, Inputs, Level 1 [Member] | ||||
Financial assets: | ||||
Cash and due from banks | 146,863 | 118,518 | 80,142 | |
Federal funds sold and interest-bearing accounts | 107,373 | 272,045 | 126,157 | |
Loans, net | 0 | 0 | 0 | |
FDIC loss-share receivable | 0 | 0 | 0 | |
Accrued interest receivable | 20,940 | 21,274 | 15,332 | |
Financial liabilities: | ||||
Deposits | 0 | 0 | 0 | |
Securities sold under agreements to repurchase | 43,741 | 63,585 | 55,520 | |
Other borrowings | 0 | 0 | 0 | |
Accrued interest payable | 1,119 | 1,054 | 1,177 | |
Subordinated deferrable interest debentures | 0 | 0 | 0 | |
Fair Value [Member] | Fair Value, Inputs, Level 2 [Member] | ||||
Financial assets: | ||||
Cash and due from banks | 0 | 0 | 0 | |
Federal funds sold and interest-bearing accounts | 0 | 0 | 0 | |
Loans, net | 0 | 0 | 0 | |
FDIC loss-share receivable | 0 | 0 | 0 | |
Accrued interest receivable | 0 | 0 | 0 | |
Financial liabilities: | ||||
Deposits | 5,231,556 | 4,880,294 | 3,481,470 | |
Securities sold under agreements to repurchase | 0 | 0 | 0 | |
Other borrowings | 110,531 | 39,000 | 43,851 | |
Accrued interest payable | 0 | 0 | 0 | |
Subordinated deferrable interest debentures | 66,783 | 52,785 | 47,055 | |
Fair Value [Member] | Fair Value, Inputs, Level 3 [Member] | ||||
Financial assets: | ||||
Cash and due from banks | 0 | 0 | 0 | |
Federal funds sold and interest-bearing accounts | 0 | 0 | 0 | |
Loans, net | 4,518,521 | 3,982,606 | 2,885,524 | |
FDIC loss-share receivable | (5,114) | (944) | 9,990 | |
Accrued interest receivable | 0 | 0 | 0 | |
Financial liabilities: | ||||
Deposits | 0 | 0 | 0 | |
Securities sold under agreements to repurchase | 0 | 0 | 0 | |
Other borrowings | 0 | 0 | 0 | |
Accrued interest payable | 0 | 0 | 0 | |
Subordinated deferrable interest debentures | $ 0 | $ 0 | $ 0 |
FAIR VALUE OF FINANCIAL INSTR89
FAIR VALUE OF FINANCIAL INSTRUMENTS (Details Textual) - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Net Gains Losses From Change In Fair Value Of Mortgages Loans Held For Sale | $ 3 | $ 2.6 |
SEGMENT REPORTING (Details)
SEGMENT REPORTING (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | Dec. 31, 2015 | |
Segment Reporting Information [Line Items] | |||
Interest income | $ 54,559 | $ 42,368 | |
Interest expense | 4,123 | 3,536 | |
Net interest income | 50,436 | 38,832 | |
Provision for loan losses | 681 | 1,069 | $ 5,264 |
Noninterest income | 24,286 | 17,575 | |
Noninterest expense: | |||
Salaries and employee benefits | 26,187 | 20,632 | |
Equipment and occupancy expenses | 5,700 | 4,554 | |
Data processing and telecommunications expenses | 6,113 | 4,260 | |
Other expenses | 17,600 | 11,381 | |
Total noninterest expense | 55,600 | 40,827 | |
Income before income tax expense | 18,441 | 14,511 | |
Income tax expense | 6,124 | 4,747 | |
Net income | 12,317 | 9,764 | |
Total assets | 6,097,771 | 4,152,904 | 5,588,940 |
Other intangible assets, net | 21,892 | 7,591 | 17,058 |
Goodwill | 121,512 | 63,547 | $ 90,082 |
Banking Division [Member] | |||
Segment Reporting Information [Line Items] | |||
Interest income | 49,779 | 39,297 | |
Interest expense | 3,978 | 3,458 | |
Net interest income | 45,801 | 35,839 | |
Provision for loan losses | 681 | 927 | |
Noninterest income | 12,735 | 8,780 | |
Noninterest expense: | |||
Salaries and employee benefits | 18,989 | 15,362 | |
Equipment and occupancy expenses | 5,150 | 4,144 | |
Data processing and telecommunications expenses | 5,820 | 4,011 | |
Other expenses | 16,436 | 10,356 | |
Total noninterest expense | 46,395 | 33,873 | |
Income before income tax expense | 11,460 | 9,819 | |
Income tax expense | 3,681 | 3,105 | |
Net income | 7,779 | 6,714 | |
Total assets | 5,634,850 | 3,839,417 | |
Other intangible assets, net | 21,892 | 7,591 | |
Goodwill | 121,512 | 63,547 | |
Retail Mortgage Division [Member] | |||
Segment Reporting Information [Line Items] | |||
Interest income | 3,020 | 1,545 | |
Interest expense | 0 | 0 | |
Net interest income | 3,020 | 1,545 | |
Provision for loan losses | 0 | 142 | |
Noninterest income | 9,624 | 7,610 | |
Noninterest expense: | |||
Salaries and employee benefits | 6,347 | 4,527 | |
Equipment and occupancy expenses | 488 | 380 | |
Data processing and telecommunications expenses | 272 | 212 | |
Other expenses | 956 | 932 | |
Total noninterest expense | 8,063 | 6,051 | |
Income before income tax expense | 4,581 | 2,962 | |
Income tax expense | 1,603 | 1,037 | |
Net income | 2,978 | 1,925 | |
Total assets | 260,038 | 154,766 | |
Other intangible assets, net | 0 | 0 | |
Goodwill | 0 | 0 | |
Warehouse Lending Division [Member] | |||
Segment Reporting Information [Line Items] | |||
Interest income | 1,019 | 835 | |
Interest expense | 0 | 0 | |
Net interest income | 1,019 | 835 | |
Provision for loan losses | 0 | 0 | |
Noninterest income | 333 | 273 | |
Noninterest expense: | |||
Salaries and employee benefits | 188 | 127 | |
Equipment and occupancy expenses | 1 | 2 | |
Data processing and telecommunications expenses | 20 | 33 | |
Other expenses | 25 | 36 | |
Total noninterest expense | 234 | 198 | |
Income before income tax expense | 1,118 | 910 | |
Income tax expense | 391 | 319 | |
Net income | 727 | 592 | |
Total assets | 137,461 | 89,711 | |
Other intangible assets, net | 0 | 0 | |
Goodwill | 0 | 0 | |
SBA Division [Member] | |||
Segment Reporting Information [Line Items] | |||
Interest income | 741 | 691 | |
Interest expense | 145 | 78 | |
Net interest income | 596 | 613 | |
Provision for loan losses | 0 | 0 | |
Noninterest income | 1,594 | 912 | |
Noninterest expense: | |||
Salaries and employee benefits | 663 | 616 | |
Equipment and occupancy expenses | 61 | 28 | |
Data processing and telecommunications expenses | 1 | 4 | |
Other expenses | 183 | 57 | |
Total noninterest expense | 908 | 705 | |
Income before income tax expense | 1,282 | 820 | |
Income tax expense | 449 | 287 | |
Net income | 833 | 533 | |
Total assets | 65,422 | 69,010 | |
Other intangible assets, net | 0 | 0 | |
Goodwill | $ 0 | $ 0 |