Document_and_Entity_Informatio
Document and Entity Information | 9 Months Ended | |
Sep. 30, 2014 | Oct. 31, 2014 | |
Document And Entity Information [Abstract] | ' | ' |
Document Type | '10-Q | ' |
Amendment Flag | 'false | ' |
Document Period End Date | 30-Sep-14 | ' |
Document Fiscal Year Focus | '2014 | ' |
Document Fiscal Period Focus | 'Q3 | ' |
Trading Symbol | 'ABCB | ' |
Entity Registrant Name | 'Ameris Bancorp | ' |
Entity Central Index Key | '0000351569 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Filer Category | 'Accelerated Filer | ' |
Entity Common Stock, Shares Outstanding | ' | 28,160,598 |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | |||
Assets | ' | ' | ' |
Cash and due from banks | $69,421 | $62,955 | $53,516 |
Federal funds sold and interest-bearing accounts | 40,165 | 204,984 | 73,899 |
Investment securities available for sale, at fair value | 529,509 | 486,235 | 312,248 |
Other investments | 12,687 | 16,828 | 7,764 |
Mortgage loans held for sale | 110,059 | 67,278 | 69,634 |
Loans, net of unearned income | 1,848,759 | 1,618,454 | 1,589,267 |
Purchased loans not covered by FDIC loss share agreements ("purchased non-covered loans") | 673,724 | 448,753 | ' |
Purchased loans covered by FDIC loss share agreements ("covered loans") | 313,589 | 390,237 | 417,649 |
Less: allowance for loan losses | -22,212 | -22,377 | -23,854 |
Loans, net | 2,813,860 | 2,435,067 | 1,983,062 |
Other real estate owned, net | 35,320 | 33,351 | 37,978 |
Purchased, non-covered other real estate owned, net | 13,660 | 4,276 | ' |
Covered other real estate owned, net | 28,883 | 45,893 | 52,552 |
Total other real estate owned, net | 77,863 | 83,520 | 90,530 |
Premises and equipment, net | 98,752 | 103,188 | 65,661 |
FDIC loss-share receivable | 38,233 | 65,441 | 81,763 |
Other intangible assets, net | 9,114 | 6,009 | 1,972 |
Goodwill | 58,879 | 35,049 | 956 |
Cash value of bank owned life insurance | 58,217 | 49,432 | 49,095 |
Other assets | 82,649 | 51,663 | 28,402 |
Total assets | 3,999,408 | 3,667,649 | 2,818,502 |
Liabilities | ' | ' | ' |
Noninterest-bearing | 816,517 | 668,531 | 475,505 |
Interest-bearing | 2,556,602 | 2,330,700 | 1,967,916 |
Total deposits | 3,373,119 | 2,999,231 | 2,443,421 |
Securities sold under agreements to repurchase | 32,351 | 83,516 | 20,255 |
Other borrowings | 147,409 | 194,572 | 5,000 |
Other liabilities | 27,615 | 18,165 | 17,201 |
Subordinated deferrable interest debentures | 65,084 | 55,466 | 42,269 |
Total liabilities | 3,645,578 | 3,350,950 | 2,528,146 |
Stockholders' Equity | ' | ' | ' |
Preferred stock, stated value $1,000; 5,000,000 shares authorized; 0, 28,000 and 28,000 shares issued and outstanding | ' | 28,000 | 27,938 |
Common stock, par value $1; 100,000,000 shares authorized; 28,157,898; 26,461,769 and 25,270,851 issued | 28,158 | 26,462 | 25,271 |
Capital surplus | 224,142 | 189,722 | 165,835 |
Retained earnings | 109,170 | 83,991 | 83,025 |
Accumulated other comprehensive income (loss) | 3,974 | -294 | -531 |
Treasury stock, at cost, 1,383,496; 1,363,342 and 1,363,342 shares | -11,614 | -11,182 | -11,182 |
Total stockholders' equity | 353,830 | 316,699 | 290,356 |
Total liabilities and stockholders' equity | $3,999,408 | $3,667,649 | $2,818,502 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parenthetical) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 |
Statement of Financial Position [Abstract] | ' | ' | ' |
Preferred stock, stated value | $1,000 | $1,000 | $1,000 |
Preferred stock, shares authorized | 5,000,000 | 5,000,000 | 5,000,000 |
Preferred stock, shares issued | 0 | 28,000 | 28,000 |
Preferred stock, shares outstanding | 0 | 28,000 | 28,000 |
Common stock, par value | $1 | $1 | $1 |
Common stock, shares authorized | 100,000,000 | 100,000,000 | 100,000,000 |
Common stock, shares issued | 28,157,898 | 26,461,769 | 25,270,851 |
Treasury stock, shares | 0 | 1,363,342 | 1,363,342 |
Consolidated_Statements_of_Ear
Consolidated Statements of Earnings and Comprehensive Income (Unaudited) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Interest income | ' | ' | ' | ' |
Interest and fees on loans | $39,610 | $29,633 | $109,376 | $88,208 |
Interest on taxable securities | 3,034 | 1,720 | 8,972 | 5,136 |
Interest on nontaxable securities | 496 | 352 | 1,143 | 1,071 |
Interest on deposits in other banks and federal funds sold | 46 | 44 | 175 | 158 |
Total interest income | 43,186 | 31,749 | 119,666 | 94,573 |
Interest expense | ' | ' | ' | ' |
Interest on deposits | 2,540 | 2,025 | 6,928 | 6,334 |
Interest on other borrowings | 1,514 | 404 | 3,858 | 1,105 |
Total interest expense | 4,054 | 2,429 | 10,786 | 7,439 |
Net interest income | 39,132 | 29,320 | 108,880 | 87,134 |
Provision for loan losses | 1,669 | 2,920 | 4,760 | 10,008 |
Net interest income after provision for loan losses | 37,463 | 26,400 | 104,120 | 77,126 |
Noninterest income | ' | ' | ' | ' |
Service charges on deposit accounts | 6,659 | 4,948 | 18,092 | 14,480 |
Mortgage banking activity | 7,498 | 5,232 | 19,510 | 14,697 |
Other service charges, commissions and fees | 690 | 593 | 2,004 | 1,539 |
Gain (loss) on sale of securities | 132 | ' | 138 | 171 |
Other noninterest income | 2,922 | 1,515 | 6,730 | 4,145 |
Total noninterest income | 17,901 | 12,288 | 46,474 | 35,032 |
Noninterest expense | ' | ' | ' | ' |
Salaries and employee benefits | 20,226 | 14,412 | 54,562 | 41,599 |
Occupancy and equipment | 4,669 | 3,149 | 12,804 | 9,058 |
Advertising and marketing expenses | 594 | 434 | 2,022 | 1,016 |
Amortization of intangible assets | 698 | 346 | 1,668 | 1,068 |
Data processing and telecommunications expenses | 3,928 | 3,072 | 11,322 | 8,478 |
Credit resolution related expenses | 3,186 | 2,971 | 8,216 | 10,164 |
Merger and conversion charges | 551 | 512 | 3,873 | 512 |
Other noninterest expenses | 4,727 | 3,853 | 14,669 | 12,426 |
Total noninterest expense | 38,579 | 28,749 | 109,136 | 84,321 |
Income before income tax expense | 16,785 | 9,939 | 41,458 | 27,837 |
Income tax expense | 5,122 | 3,262 | 13,315 | 9,197 |
Net income | 11,663 | 6,677 | 28,143 | 18,640 |
Less preferred stock dividends and discount accretion | ' | 443 | 286 | 1,326 |
Net income available to common shareholders | 11,663 | 6,234 | 27,857 | 17,314 |
Other comprehensive income (loss) | ' | ' | ' | ' |
Unrealized holding gain (loss) arising during period on investment securities available for sale, net of tax of $114, $2,158, ($2,610) and $4,375 | -211 | -4,007 | 4,847 | -8,125 |
Reclassification adjustment for losses (gains) included in earnings, net of tax of $46, $0, $48 and $60 | -86 | ' | -90 | -111 |
Unrealized gain (loss) on cash flow hedges arising during period, net of tax of ($80), $57, $264 and ($591) | 149 | -106 | -489 | 1,098 |
Other comprehensive income (loss) | -148 | -4,113 | 4,268 | -7,138 |
Total comprehensive income | $11,515 | $2,564 | $32,411 | $11,502 |
Basic earnings per common share | $0.44 | $0.26 | $1.08 | $0.72 |
Diluted earnings per common share | $0.43 | $0.26 | $1.07 | $0.71 |
Dividends declared per common share | $0.05 | ' | $0.10 | ' |
Weighted average common shares outstanding | ' | ' | ' | ' |
Basic | 26,773 | 23,901 | 25,705 | 23,883 |
Diluted | 27,161 | 24,316 | 26,099 | 24,298 |
Consolidated_Statements_of_Ear1
Consolidated Statements of Earnings and Comprehensive Income (Unaudited) (Parenthetical) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Income Statement [Abstract] | ' | ' | ' | ' |
Unrealized holding gain (loss) arising during period on investment securities available for sale, net of tax | $114 | $2,158 | ($2,610) | $4,375 |
Reclassification adjustment for losses (gains) included in earnings, net of tax | 46 | 0 | 48 | 60 |
Unrealized gain (loss) on cash flow hedges arising during period, net of tax | ($80) | $57 | $264 | ($591) |
Consolidated_Statements_of_Cha
Consolidated Statements of Changes in Stockholders' Equity (Unaudited) (USD $) | Total | Preferred Stock [Member] | Common Stock [Member] | Capital Surplus [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Income, Net of Tax [Member] | Treasury Stock [Member] |
In Thousands, except Share data | |||||||
Balance at beginning of period at Dec. 31, 2012 | ' | $27,662 | $25,155 | $164,949 | $65,710 | $6,607 | ($11,066) |
Balance at beginning of period, shares at Dec. 31, 2012 | ' | 28,000 | 25,154,818 | ' | ' | ' | -1,355,050 |
Stock-based compensation | ' | ' | ' | 592 | ' | ' | ' |
Net income | 18,640 | ' | ' | ' | 18,640 | ' | ' |
Other comprehensive income (loss) | -7,138 | ' | ' | ' | ' | -7,138 | ' |
Issuance of restricted shares | ' | ' | 83 | -83 | ' | ' | ' |
Purchase of treasury shares | ' | ' | ' | ' | ' | ' | -116 |
Issuance of restricted shares, shares | ' | ' | 83,400 | ' | ' | ' | ' |
Purchase of treasury shares, shares | ' | ' | ' | ' | ' | ' | -8,292 |
Dividends on preferred shares | ' | ' | ' | ' | -1,050 | ' | ' |
Cancellation of restricted shares | ' | ' | -1 | 1 | ' | ' | ' |
Accretion of fair value of warrant | ' | 276 | ' | ' | -275 | ' | ' |
Cancellation of restricted shares, shares | ' | ' | -1,000 | ' | ' | ' | ' |
Proceeds from exercise of stock options | ' | ' | 34 | 376 | ' | ' | ' |
Proceeds from exercise of stock options, shares | ' | ' | 33,633 | ' | ' | ' | ' |
Balance at end of period at Sep. 30, 2013 | 290,356 | 27,938 | 25,271 | 165,835 | 83,025 | -531 | -11,182 |
Balance at end of period, shares at Sep. 30, 2013 | ' | 28,000 | 25,270,851 | ' | ' | ' | -1,363,342 |
Balance at beginning of period at Dec. 31, 2013 | 316,699 | 28,000 | 26,462 | 189,722 | 83,991 | -294 | -11,182 |
Balance at beginning of period, shares at Dec. 31, 2013 | ' | 28,000 | 26,461,769 | ' | ' | ' | -1,363,342 |
Stock-based compensation | ' | ' | ' | 1,230 | ' | ' | ' |
Net income | 28,143 | ' | ' | ' | 28,143 | ' | ' |
Other comprehensive income (loss) | 4,268 | ' | ' | ' | ' | 4,268 | ' |
Issuance of restricted shares | ' | ' | 68 | -68 | ' | ' | ' |
Repurchase of preferred stock | ' | -28,000 | ' | ' | ' | ' | ' |
Purchase of treasury shares | ' | ' | ' | ' | ' | ' | -432 |
Cash dividends declared, $0.10 per share | ' | ' | ' | ' | -2,678 | ' | ' |
Issuance of restricted shares, shares | ' | ' | 68,047 | ' | ' | ' | ' |
Repurchase of preferred stock, shares | ' | -28,000 | ' | ' | ' | ' | ' |
Purchase of treasury shares, shares | ' | ' | ' | ' | ' | ' | -20,154 |
Dividends on preferred shares | ' | ' | ' | ' | -286 | ' | ' |
Issuance of common stock | ' | ' | 1,599 | 32,875 | ' | ' | ' |
Issuance of common stock, shares | ' | ' | 1,598,998 | ' | ' | ' | ' |
Proceeds from exercise of stock options | ' | ' | 29 | 383 | ' | ' | ' |
Proceeds from exercise of stock options, shares | ' | ' | 29,084 | ' | ' | ' | ' |
Balance at end of period at Sep. 30, 2014 | $353,830 | ' | $28,158 | $224,142 | $109,170 | $3,974 | ($11,614) |
Balance at end of period, shares at Sep. 30, 2014 | ' | ' | 28,157,898 | ' | ' | ' | -1,383,496 |
Consolidated_Statements_of_Cha1
Consolidated Statements of Changes in Stockholders' Equity (Unaudited) (Parenthetical) (Retained Earnings [Member], USD $) | Sep. 30, 2014 |
Retained Earnings [Member] | ' |
Cash dividends declared per share | $0.10 |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (Unaudited) (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 |
Cash flows from operating activities: | ' | ' |
Net income | $28,143 | $18,640 |
Adjustments reconciling net income to net cash provided by operating activities: | ' | ' |
Depreciation | 5,850 | 3,683 |
Stock based compensation expense | 1,230 | 592 |
Net gains on sale or disposal of premises and equipment | -615 | -61 |
Net losses or write-downs on sale of other real estate owned | 2,344 | 5,646 |
Provision for loan losses | 4,760 | 10,008 |
Accretion of discount on covered loans | -20,822 | -36,552 |
Accretion of discount on purchased non-covered loans | -5,840 | ' |
Accretion of FDIC loss-share receivable, net of amortization of FDIC clawback payable | 8,699 | 19,721 |
Increase in cash surrender value of BOLI | -973 | -898 |
Amortization of intangible assets | 1,668 | 1,068 |
Net amortization of investment securities available for sale | 2,609 | 2,531 |
Originations of mortgage loans held for sale | -504,164 | -399,606 |
Proceeds from sales of mortgage loans held for sale | 468,671 | 378,758 |
Net gains on securities available for sale | -138 | -171 |
Change attributable to other operating activities | 3,685 | 15,843 |
Net cash provided by (used in) operating activities | -4,893 | 19,202 |
Cash flows from investing activities, net of effect of business combinations: | ' | ' |
Net decrease in federal funds sold and interest-bearing deposits | 180,742 | 119,778 |
Proceeds from maturities of securities available for sale | 37,706 | 43,474 |
Purchase of securities available for sale | -102,340 | -61,445 |
Proceeds from sales of securities available for sale | 92,975 | 36,669 |
Purchase of bank owned life insurance | ' | -30,000 |
Net increase in loans, excluding purchased non-covered and covered loans | -243,809 | -155,447 |
Payments received on purchased non-covered loans | 58,350 | ' |
Payments received on covered loans | 85,946 | 96,629 |
Payments received from FDIC under loss share agreements | 18,509 | 58,240 |
Proceeds from sales of other real estate owned | 31,913 | 55,270 |
Decrease in restricted equity securities, net | 5,116 | ' |
Proceeds from sales of premises and equipment | 1,213 | 1,889 |
Purchases of premises and equipment | -3,779 | -4,136 |
Net cash proceeds received from acquisitions | 1,099 | ' |
Net cash provided by investing activities | 163,641 | 160,921 |
Cash flows from financing activities, net of effect of business combinations: | ' | ' |
Net increase/(decrease) in deposits | 4,864 | -181,242 |
Net decrease in securities sold under agreements to repurchase | -56,593 | -29,865 |
Repayment of other borrowings | -187,032 | ' |
Proceeds from other borrowings | 117,463 | 5,000 |
Redemption of preferred stock | -28,000 | ' |
Dividends paid-preferred stock | -286 | -1,050 |
Dividends paid-common stock | -2,678 | ' |
Purchase of treasury shares | -432 | -116 |
Proceeds from exercise of stock options | 412 | 410 |
Net cash used in financing activities | -152,282 | -206,863 |
Net increase (decrease) in cash and due from banks | 6,466 | -26,740 |
Cash and due from banks at beginning of period | 62,955 | 80,256 |
Cash and due from banks at end of period | 69,421 | 53,516 |
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION | ' | ' |
Interest | 10,773 | 7,840 |
Income taxes | 15,008 | 11,304 |
Loans (excluding purchased non-covered and covered loans) transferred to other real estate owned | 9,268 | 8,329 |
Purchased non-covered loans transferred to other real estate owned | 1,955 | ' |
Covered loans transferred to other real estate owned | 10,840 | 28,725 |
Issuance of common stock in acquisitions | $34,474 | ' |
Basis_of_Presentation_and_Acco
Basis of Presentation and Accounting Policies | 9 Months Ended |
Sep. 30, 2014 | |
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 September 30, 2014, the Bank operated 74 retail branches and 11 mortgage offices 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 the Company’s established guidelines and policies, the banker closest to the customer responds to the differing needs and demands of their 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 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 September 30, 2014 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, 2013. | |
Newly Issued Accounting Pronouncements | |
ASU 2014-09 – Revenue from Contracts with Customers (“ASU 2014-09”). ASU 2014-09 provides guidance that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. ASU 2014-09 is effective prospectively, for annual and interim periods, beginning after December 15, 2016. The Company is currently evaluating the impact this standard will have on the Company’s results of operations, financial position or disclosures. | |
ASU 2014-04 – Receivables – Troubled Debt Restructurings by Creditors (“ASU 2014-04”). ASU 2014-04 clarifies when a creditor should reclassify mortgage loans collateralized by residential real estate from loans to other real estate owned. It defines when an in-substance repossession or foreclosure has occurred and when a creditor is considered to have received physical possession of residential real estate collateralizing a mortgage loan. ASU 2014-04 is effective for fiscal years beginning after December 31, 2014, and early adoption is permitted. It can be applied either prospectively or using a modified retrospective transition method. The Company is evaluating the impact this standard may have on the Company’s results of operations, financial position or disclosures. | |
ASU 2013-11—Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists (“ASU 2013-11”). ASU 2013-11 requires that an unrecognized tax benefit, or a portion of an unrecognized tax benefit, be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss or a tax credit carryforward. However, if a net operating loss carryforward, a similar tax loss or a tax credit carryforward is not available at the reporting date under the tax law of the applicable jurisdiction to settle any additional income taxes that would result from the disallowance of a tax position or the tax law of the applicable jurisdiction does not require the entity to use, and the entity does not intend to use, the deferred tax asset for such purpose, the unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets. ASU 2013-11 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. The adoption of these revisions did not have a material impact on the Company’s results of operations, financial position or disclosures. |
Business_Combination
Business Combination | 9 Months Ended | ||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||
Business Combination | ' | ||||||||||||||||
NOTE 2 – BUSINESS COMBINATIONS | |||||||||||||||||
Coastal Bankshares, Inc. | |||||||||||||||||
On June 30, 2014, the Company completed its acquisition of The Coastal Bankshares, Inc. (“Coastal”), a bank holding company headquartered in Savannah, Georgia. Upon consummation of the acquisition, Coastal was merged with and into the Company, with Ameris as the surviving entity in the merger. At that time, Coastal’s wholly owned banking subsidiary, The Coastal Bank (“Coastal Bank”), was also merged with and into the Bank. The acquisition grew the Company’s existing market presence, as Coastal Bank had a total of six banking locations in Chatham, Liberty and Effingham Counties, Georgia. Coastal’s common shareholders received 0.4671 of a share of the Company’s common stock in exchange for each share of Coastal’s common stock. As a result, the Company issued 1,598,998 common shares at a fair value of $34.5 million and paid $2.8 million cash in exchange for outstanding warrants. | |||||||||||||||||
The acquisition of Coastal was accounted for using the purchase method of accounting in accordance with FASB ASC 805, Business Combinations. Assets acquired, liabilities assumed and consideration exchanged were recorded at their respective acquisition date fair values. Determining the fair value of assets and liabilities is a complicated process involving significant judgment regarding methods and assumptions used to calculate estimated fair values. Fair values are preliminary and subject to refinement for up to one year after the closing date of the acquisition as additional information regarding the closing date fair values becomes available. During the third quarter of 2014, management revised its initial estimates regarding the valuation of other real estate owned. In addition, during the third quarter of 2014, management completed its assessment and recorded the deferred tax assets resulting from differences in the carrying values of acquired assets and assumed liabilities for financial reporting purposes and their basis for income tax purposes. This estimate also reflects acquired net operating loss carryforwards and other acquired assets with built-in losses that are expected to be settled or otherwise recovered in future periods where the realization of such benefits would be subject to applicable limitations under Sections 382 of the Internal Revenue Code of 1986, as amended. | |||||||||||||||||
The following table presents the assets acquired and liabilities of Coastal assumed as of June 30, 2014 and their fair value estimates: | |||||||||||||||||
(Dollars in Thousands) | As Recorded by | Initial Fair | Subsequent | As Recorded | |||||||||||||
Coastal | Value | Fair Value | by Ameris | ||||||||||||||
Adjustments | Adjustments | ||||||||||||||||
Assets | |||||||||||||||||
Cash and cash equivalents | $ | 3,895 | $ | — | $ | — | $ | 3,895 | |||||||||
Federal funds sold and interest-bearing balances | 15,923 | — | — | 15,923 | |||||||||||||
Investment securities | 67,266 | (500 | )(a) | — | 66,766 | ||||||||||||
Other investments | 975 | — | — | 975 | |||||||||||||
Mortgage loans held for sale | 7,288 | — | — | 7,288 | |||||||||||||
Loans | 296,141 | (16,700 | )(b) | — | 279,441 | ||||||||||||
Less allowance for loan losses | (3,218 | ) | 3,218 | (c) | — | — | |||||||||||
Loans, net | 292,923 | (13,482 | ) | — | 279,441 | ||||||||||||
Other real estate owned | 14,992 | (3,528 | )(d) | (2,600 | )(g) | 8,864 | |||||||||||
Premises and equipment | 11,882 | — | — | 11,882 | |||||||||||||
Intangible assets | 507 | 4,266 | (e) | — | 4,773 | ||||||||||||
Other assets | 22,710 | — | 2,624 | (h) | 25,334 | ||||||||||||
Total assets | $ | 438,361 | $ | (13,244 | ) | $ | 24 | $ | 425,141 | ||||||||
Liabilities | |||||||||||||||||
Deposits: | |||||||||||||||||
Noninterest-bearing | $ | 80,012 | $ | — | $ | — | $ | 80,012 | |||||||||
Interest-bearing | 289,012 | — | — | 289,012 | |||||||||||||
Total deposits | 369,024 | — | — | 369,024 | |||||||||||||
Federal funds purchased and securities sold under agreements to repurchase | 5,428 | — | — | 5,428 | |||||||||||||
Other borrowings | 22,005 | — | — | 22,005 | |||||||||||||
Other liabilities | 6,192 | — | — | 6,192 | |||||||||||||
Subordinated deferrable interest debentures | 15,465 | (6,413 | )(f) | — | 9,052 | ||||||||||||
Total liabilities | 418,114 | (6,413 | ) | — | 411,701 | ||||||||||||
Net identifiable assets acquired over (under) liabilities assumed | 20,247 | (6,831 | ) | — | 13,440 | ||||||||||||
Goodwill | — | 23,854 | 24 | 23,830 | |||||||||||||
Net assets acquired over (under) liabilities assumed | $ | 20,247 | $ | 17,023 | $ | — | $ | 37,270 | |||||||||
Consideration: | |||||||||||||||||
Ameris Bancorp common shares issued | 1,598,998 | ||||||||||||||||
Purchase price per share of the Company’s common stock | $ | 21.56 | |||||||||||||||
Company common stock issued | 34,474 | ||||||||||||||||
Cash exchanged for shares | 2,796 | ||||||||||||||||
Fair value of total consideration transferred | $ | 37,270 | |||||||||||||||
Explanation of fair value adjustments | |||||||||||||||||
(a) | Adjustment reflects the fair value adjustments of the available for sale portfolio 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 Coastal’s 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 recording of core deposit intangible on the acquired core deposit accounts. | ||||||||||||||||
(f) | Adjustment reflects the fair value adjustment to the subordinated deferrable interest debentures at the acquisition date. | ||||||||||||||||
(g) | Adjustment reflects the additional fair value adjustment based on the Company’s evaluation of the acquired OREO portfolio. | ||||||||||||||||
(h) | Adjustment reflects the deferred taxes on the differences in the carrying values of acquired assets and assumed liabilities for financial reporting purposes and their basis for federal income tax purposes. | ||||||||||||||||
Goodwill of $23.8 million, which is the excess of the merger consideration over the fair value of net assets acquired, was recorded in the Coastal acquisition and is the result of expected operational synergies and other factors. This goodwill is not expected to be deductible for tax purposes. | |||||||||||||||||
The results of operations of Coastal subsequent to the acquisition date are included in the Company’s consolidated statements of operations. The following unaudited pro forma information reflects the Company’s estimated consolidated results of operations as if the acquisition had occurred on January 1, 2013, unadjusted for potential cost savings (in thousands). | |||||||||||||||||
Three Months | Nine Months Ended | ||||||||||||||||
Ended | September 30, | ||||||||||||||||
September 30, | |||||||||||||||||
2013 | 2014 | 2013 | |||||||||||||||
Net interest income and noninterest income | $ | 46,373 | $ | 165,913 | $ | 137,590 | |||||||||||
Net income | $ | 6,680 | $ | 26,275 | $ | 19,733 | |||||||||||
Net income available to common stockholders | $ | 6,237 | $ | 25,989 | $ | 18,407 | |||||||||||
Income per common share available to common stockholders – basic | $ | 0.24 | $ | 0.95 | $ | 0.72 | |||||||||||
Income per common share available to common stockholders – diluted | $ | 0.24 | $ | 0.94 | $ | 0.71 | |||||||||||
Average number of shares outstanding, basic | 25,500 | 27,304 | 25,482 | ||||||||||||||
Average number of shares outstanding, diluted | 25,915 | 27,698 | 25,897 | ||||||||||||||
In the acquisition, the Company purchased $279.4 million of loans at fair value, net of $16.7 million, or 5.64%, estimated discount to the outstanding principal balance. Of the total loans acquired, management identified $29.3 million that were considered to be credit impaired and are accounted for under ASC Topic 310-30. 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 | $ | 38,194 | |||||||||||||||
Non-accretable difference | (5,632 | ) | |||||||||||||||
Cash flows expected to be collected | 32,562 | ||||||||||||||||
Accretable yield | (3,282 | ) | |||||||||||||||
Total purchased credit-impaired loans acquired | $ | 29,280 | |||||||||||||||
Prosperity Banking Company | |||||||||||||||||
On December 23, 2013, the Company completed its acquisition of The Prosperity Banking Company (“Prosperity”), a bank holding company headquartered in Saint Augustine, Florida. Upon consummation of the acquisition, Prosperity was merged with and into the Company, with Ameris as the surviving entity in the merger. At that time, Prosperity’s wholly owned banking subsidiary, Prosperity Bank, was also merged with and into the Bank. Prosperity Bank had a total of 12 banking locations, with the majority of the franchise concentrated in northeast Florida. Prosperity’s common shareholders were entitled to elect to receive either 3.125 shares of the Company’s common stock or $41.50 in cash in exchange for each share of Prosperity’s voting common stock. As a result of Prosperity shareholders’ elections, the Company issued 1,168,918 common shares at a fair value of $24.6 million. | |||||||||||||||||
The acquisition of Prosperity was accounted for using the purchase method of accounting in accordance with FASB ASC 805, Business Combinations. Assets acquired, liabilities assumed and consideration exchanged were recorded at their respective acquisition date fair values. Determining the fair value of assets and liabilities is a complicated process involving significant judgment regarding methods and assumptions used to calculate estimated fair values. Fair values are preliminary and subject to refinement for up to one year after the closing date of the acquisition as additional information regarding the closing date fair values becomes available. | |||||||||||||||||
The following table presents the assets acquired and liabilities of Prosperity assumed as of December 23, 2013 and their initial fair value estimates: | |||||||||||||||||
(Dollars in Thousands) | As Recorded by | Fair Value | As Recorded | ||||||||||||||
Prosperity | Adjustments | by Ameris | |||||||||||||||
Assets | |||||||||||||||||
Cash and cash equivalents | $ | 4,285 | $ | — | $ | 4,285 | |||||||||||
Federal funds sold and interest-bearing balances | 21,687 | — | 21,687 | ||||||||||||||
Investment securities | 151,863 | 411 | (a) | 152,274 | |||||||||||||
Other investments | 8,727 | — | 8,727 | ||||||||||||||
Loans | 487,358 | (37,662 | )(b) | 449,696 | |||||||||||||
Less allowance for loan losses | (6,811 | ) | 6,811 | (c) | — | ||||||||||||
Loans, net | 480,547 | (30,851 | ) | 449,696 | |||||||||||||
Other real estate owned | 6,883 | (1,260 | )(d) | 5,623 | |||||||||||||
Premises and equipment | 36,293 | — | 36,293 | ||||||||||||||
Intangible assets | 174 | 4,383 | (e) | 4,557 | |||||||||||||
Other assets | 26,600 | 1,192 | (f) | 27,792 | |||||||||||||
Total assets | $ | 737,059 | $ | (26,125 | ) | $ | 710,934 | ||||||||||
Liabilities | |||||||||||||||||
Deposits: | |||||||||||||||||
Noninterest-bearing | $ | 149,242 | $ | — | $ | 149,242 | |||||||||||
Interest-bearing | 324,441 | — | 324,441 | ||||||||||||||
Total deposits | 473,683 | — | 473,683 | ||||||||||||||
Federal funds purchased and securities sold under agreements to repurchase | 21,530 | — | 21,530 | ||||||||||||||
Other borrowings | 185,000 | 12,313 | (g) | 197,313 | |||||||||||||
Other liabilities | 14,058 | 455 | (h) | 14,513 | |||||||||||||
Subordinated deferrable interest debentures | 29,500 | (16,303 | )(i) | 13,197 | |||||||||||||
Total liabilities | 723,771 | (3,535 | ) | 720,236 | |||||||||||||
Net identifiable assets acquired over (under) liabilities assumed | 13,288 | (22,590 | ) | (9,302 | ) | ||||||||||||
Goodwill | — | 34,093 | 34,093 | ||||||||||||||
Net assets acquired over (under) liabilities assumed | $ | 13,288 | $ | 11,503 | $ | 24,791 | |||||||||||
Consideration: | |||||||||||||||||
Ameris Bancorp common shares issued | 1,168,918 | ||||||||||||||||
Purchase price per share of the Company’s common stock | $ | 21.07 | |||||||||||||||
Company common stock issued | 24,629 | ||||||||||||||||
Cash exchanged for shares | 162 | ||||||||||||||||
Fair value of total consideration transferred | $ | 24,791 | |||||||||||||||
Explanation of fair value adjustments | |||||||||||||||||
(a) | Adjustment reflects the fair value adjustments of the available for sale portfolio 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 Prosperity’s 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 recording of core deposit intangible on the acquired core deposit accounts. | ||||||||||||||||
(f) | Adjustment reflects the adjustment to write-off the non-realizable portion of Prosperity’s deferred tax asset of ($6.644 million), to record the deferred tax asset generated by purchase accounting adjustments of $8.435 million and to record the fair value adjustment of other assets of ($0.599 million) at the acquisition date. | ||||||||||||||||
(g) | Adjustment reflects the fair value adjustment (premium) to the FHLB borrowings of $12.741 million and the fair value adjustment to the subordinated debt of $0.428 million. | ||||||||||||||||
(h) | Adjustment reflects the fair value adjustment of other liabilities at the acquisition date. | ||||||||||||||||
(i) | Adjustment reflects the fair value adjustment to the subordinated deferrable interest debentures at the acquisition date. | ||||||||||||||||
Goodwill of $34.1 million, which is the excess of the merger consideration over the fair value of net assets acquired, was recorded in the Prosperity acquisition and is the result of expected operational synergies and other factors. This goodwill is not expected to be deductible for tax purposes. | |||||||||||||||||
The results of operations of Prosperity subsequent to the acquisition date are included in the Company’s consolidated statements of operations. The following unaudited pro forma information reflects the Company’s estimated consolidated results of operations as if the acquisition had occurred on January 1, 2013, unadjusted for potential cost savings (in thousands). | |||||||||||||||||
Three Months | Nine Months | ||||||||||||||||
Ended | Ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
2013 | 2013 | ||||||||||||||||
Net interest income and noninterest income | $ | 48,541 | $ | 142,390 | |||||||||||||
Net income | $ | 7,214 | $ | 18,729 | |||||||||||||
Net income available to common stockholders | $ | 6,771 | $ | 17,403 | |||||||||||||
Income per common share available to common stockholders – basic | $ | 0.27 | $ | 0.69 | |||||||||||||
Income per common share available to common stockholders – diluted | $ | 0.27 | $ | 0.68 | |||||||||||||
Average number of shares outstanding, basic | 25,070 | 25,052 | |||||||||||||||
Average number of shares outstanding, diluted | 25,485 | 25,467 | |||||||||||||||
In the acquisition, the Company purchased $449.7 million of loans at fair value, net of $37.7 million, or 7.73%, estimated discount to the outstanding principal balance. Of the total loans acquired, management identified $67.2 million that were considered to be credit impaired and are accounted for under ASC Topic 310-30. 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 | $ | 92,461 | |||||||||||||||
Non-accretable difference | (14,311 | ) | |||||||||||||||
Cash flows expected to be collected | 78,150 | ||||||||||||||||
Accretable yield | (10,985 | ) | |||||||||||||||
Total purchased credit-impaired loans acquired | $ | 67,165 | |||||||||||||||
On the dates of acquisition, the Company estimated the future cash flows on each individual loan and made the necessary adjustments to reflect the asset at fair value. At each quarter end subsequent to the acquisition dates, the Company revises the estimates of future cash flows based on current information and makes the necessary adjustments to carrying value. The adjustments are performed on a loan-by-loan basis and have resulted in the Company recording a $4,000 provision for loan loss expense during the three month period ended September 30, 2014. There were no adjustments needed during the twelve months ended December 31, 2013 and the nine months ended September 30, 2013. | |||||||||||||||||
A rollforward of purchased non-covered loans with deterioration of credit quality for the nine months ended September 30, 2014, the year ended December 31, 2013 and the nine months ended September 30, 2013 is shown below: | |||||||||||||||||
(Dollars in Thousands) | September 30, | December 31, | September 30, | ||||||||||||||
2014 | 2013 | 2013 | |||||||||||||||
Balance, January 1 | $ | 67,165 | $ | — | $ | — | |||||||||||
Charge-offs, net of recoveries | (4 | ) | — | — | |||||||||||||
Additions due to acquisitions | 29,280 | 67,165 | — | ||||||||||||||
Other (loan payments, transfers, etc.) | (4,440 | ) | — | — | |||||||||||||
Ending balance | $ | 92,001 | $ | 67,165 | $ | — | |||||||||||
A rollforward of purchased non-covered loans without deterioration of credit quality for the nine months ended September 30, 2014, the year ended December 31, 2013 and the nine months ended September 30, 2013 is shown below: | |||||||||||||||||
(Dollars in Thousands) | September 30, | December 31, | September 30, | ||||||||||||||
2014 | 2013 | 2013 | |||||||||||||||
Balance, January 1 | $ | 381,588 | $ | — | $ | — | |||||||||||
Additions due to acquisitions | 250,161 | 382,531 | — | ||||||||||||||
Loan payments, transfers, etc. | (50,026 | ) | (943 | ) | — | ||||||||||||
Ending balance | $ | 581,723 | $ | 381,588 | $ | — | |||||||||||
The following is a summary of changes in the accretable discounts of purchased non-covered loans during the nine months ended September 30, 2014, the year ended December 31, 2013 and the nine months ended September 30, 2013: | |||||||||||||||||
(Dollars in Thousands) | September 30, | December 31, | September 30, | ||||||||||||||
2014 | 2013 | 2013 | |||||||||||||||
Balance, January 1 | $ | 26,189 | $ | — | $ | — | |||||||||||
Additions due to acquisitions | 7,799 | 26,189 | — | ||||||||||||||
Accretion | (5,840 | ) | — | — | |||||||||||||
Other activity, net | 916 | — | — | ||||||||||||||
Ending balance | $ | 29,064 | $ | 26,189 | $ | — | |||||||||||
Coastal Bankshares, Inc. [Member] | ' | ||||||||||||||||
Business Combination | ' | ||||||||||||||||
The following table presents the assets acquired and liabilities of Coastal assumed as of June 30, 2014 and their fair value estimates: | |||||||||||||||||
(Dollars in Thousands) | As Recorded by | Initial Fair | Subsequent | As Recorded | |||||||||||||
Coastal | Value | Fair Value | by Ameris | ||||||||||||||
Adjustments | Adjustments | ||||||||||||||||
Assets | |||||||||||||||||
Cash and cash equivalents | $ | 3,895 | $ | — | $ | — | $ | 3,895 | |||||||||
Federal funds sold and interest-bearing balances | 15,923 | — | — | 15,923 | |||||||||||||
Investment securities | 67,266 | (500 | )(a) | — | 66,766 | ||||||||||||
Other investments | 975 | — | — | 975 | |||||||||||||
Mortgage loans held for sale | 7,288 | — | — | 7,288 | |||||||||||||
Loans | 296,141 | (16,700 | )(b) | — | 279,441 | ||||||||||||
Less allowance for loan losses | (3,218 | ) | 3,218 | (c) | — | — | |||||||||||
Loans, net | 292,923 | (13,482 | ) | — | 279,441 | ||||||||||||
Other real estate owned | 14,992 | (3,528 | )(d) | (2,600 | )(g) | 8,864 | |||||||||||
Premises and equipment | 11,882 | — | — | 11,882 | |||||||||||||
Intangible assets | 507 | 4,266 | (e) | — | 4,773 | ||||||||||||
Other assets | 22,710 | — | 2,624 | (h) | 25,334 | ||||||||||||
Total assets | $ | 438,361 | $ | (13,244 | ) | $ | 24 | $ | 425,141 | ||||||||
Liabilities | |||||||||||||||||
Deposits: | |||||||||||||||||
Noninterest-bearing | $ | 80,012 | $ | — | $ | — | $ | 80,012 | |||||||||
Interest-bearing | 289,012 | — | — | 289,012 | |||||||||||||
Total deposits | 369,024 | — | — | 369,024 | |||||||||||||
Federal funds purchased and securities sold under agreements to repurchase | 5,428 | — | — | 5,428 | |||||||||||||
Other borrowings | 22,005 | — | — | 22,005 | |||||||||||||
Other liabilities | 6,192 | — | — | 6,192 | |||||||||||||
Subordinated deferrable interest debentures | 15,465 | (6,413 | )(f) | — | 9,052 | ||||||||||||
Total liabilities | 418,114 | (6,413 | ) | — | 411,701 | ||||||||||||
Net identifiable assets acquired over (under) liabilities assumed | 20,247 | (6,831 | ) | — | 13,440 | ||||||||||||
Goodwill | — | 23,854 | 24 | 23,830 | |||||||||||||
Net assets acquired over (under) liabilities assumed | $ | 20,247 | $ | 17,023 | $ | — | $ | 37,270 | |||||||||
Consideration: | |||||||||||||||||
Ameris Bancorp common shares issued | 1,598,998 | ||||||||||||||||
Purchase price per share of the Company’s common stock | $ | 21.56 | |||||||||||||||
Company common stock issued | 34,474 | ||||||||||||||||
Cash exchanged for shares | 2,796 | ||||||||||||||||
Fair value of total consideration transferred | $ | 37,270 | |||||||||||||||
Explanation of fair value adjustments | |||||||||||||||||
(a) | Adjustment reflects the fair value adjustments of the available for sale portfolio 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 Coastal’s 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 recording of core deposit intangible on the acquired core deposit accounts. | ||||||||||||||||
(f) | Adjustment reflects the fair value adjustment to the subordinated deferrable interest debentures at the acquisition date. | ||||||||||||||||
(g) | Adjustment reflects the additional fair value adjustment based on the Company’s evaluation of the acquired OREO portfolio. | ||||||||||||||||
(h) | Adjustment reflects the deferred taxes on the differences in the carrying values of acquired assets and assumed liabilities for financial reporting purposes and their basis for federal income tax purposes. |
INVESTMENT_SECURITIES
INVESTMENT SECURITIES | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||||
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. | |||||||||||||||||||||||||
The amortized cost and estimated fair value of investment securities available for sale at September 30, 2014, December 31, 2013 and September 30, 2013 are presented below: | |||||||||||||||||||||||||
Amortized | Gross | Gross | Fair | ||||||||||||||||||||||
Cost | Unrealized | Unrealized | Value | ||||||||||||||||||||||
Gains | Losses | ||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||
September 30, 2014: | |||||||||||||||||||||||||
U. S. government agencies | $ | 14,951 | $ | — | $ | (491 | ) | $ | 14,460 | ||||||||||||||||
State, county and municipal securities | 134,641 | 3,708 | (714 | ) | 137,635 | ||||||||||||||||||||
Corporate debt securities | 10,801 | 237 | (73 | ) | 10,965 | ||||||||||||||||||||
Mortgage-backed securities | 364,399 | 4,493 | (2,443 | ) | 366,449 | ||||||||||||||||||||
Total securities | $ | 524,792 | $ | 8,438 | $ | (3,721 | ) | $ | 529,509 | ||||||||||||||||
December 31, 2013: | |||||||||||||||||||||||||
U. S. government agencies | $ | 14,947 | $ | — | $ | (1,021 | ) | $ | 13,926 | ||||||||||||||||
State, county and municipal securities | 112,659 | 2,269 | (2,174 | ) | 112,754 | ||||||||||||||||||||
Corporate debt securities | 10,311 | 275 | (261 | ) | 10,325 | ||||||||||||||||||||
Collateralized debt obligations | 1,480 | — | — | 1,480 | |||||||||||||||||||||
Mortgage-backed securities | 349,441 | 2,347 | (4,038 | ) | 347,750 | ||||||||||||||||||||
Total securities | $ | 488,838 | $ | 4,891 | $ | (7,494 | ) | $ | 486,235 | ||||||||||||||||
September 30, 2013: | |||||||||||||||||||||||||
U. S. government agencies | $ | 14,945 | $ | — | $ | (1,028 | ) | $ | 13,917 | ||||||||||||||||
State, county and municipal securities | 112,643 | 2,331 | (2,035 | ) | 112,939 | ||||||||||||||||||||
Corporate debt securities | 10,314 | 280 | (856 | ) | 9,738 | ||||||||||||||||||||
Mortgage-backed securities | 176,818 | 2,714 | (3,878 | ) | 175,654 | ||||||||||||||||||||
Total securities | $ | 314,720 | $ | 5,325 | $ | (7,797 | ) | $ | 312,248 | ||||||||||||||||
The amortized cost and fair value of available-for-sale securities at September 30, 2014 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. The weighted average life of these securities is less than 4.5 years and modeled not to extend beyond 6 years in an increasing rate scenario. Therefore, these securities are not included in the following maturity summary: | |||||||||||||||||||||||||
Amortized | Fair | ||||||||||||||||||||||||
Cost | Value | ||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||
Due in one year or less | $ | 10,647 | $ | 10,844 | |||||||||||||||||||||
Due from one year to five years | 35,432 | 36,856 | |||||||||||||||||||||||
Due from five to ten years | 66,554 | 67,094 | |||||||||||||||||||||||
Due after ten years | 47,760 | 48,266 | |||||||||||||||||||||||
Mortgage-backed securities | 364,399 | 366,449 | |||||||||||||||||||||||
$ | 524,792 | $ | 529,509 | ||||||||||||||||||||||
Securities with a carrying value of approximately $265.9 million serve as collateral to secure public deposits and for other purposes required or permitted by law at September 30, 2014, compared to $399.0 million and $217.3 million at December 31, 2013 and September 30, 2013, respectively. | |||||||||||||||||||||||||
The following table details the gross unrealized losses and fair value of securities aggregated by category and duration of continuous unrealized loss position at September 30, 2014, December 31, 2013 and September 30, 2013. | |||||||||||||||||||||||||
Less Than 12 Months | 12 Months or More | Total | |||||||||||||||||||||||
Description of Securities | Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | |||||||||||||||||||
Value | Losses | Value | Losses | Value | Losses | ||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||
September 30, 2014: | |||||||||||||||||||||||||
U. S. government agencies | $ | — | $ | — | $ | 14,460 | $ | (491 | ) | $ | 14,460 | $ | (491 | ) | |||||||||||
State, county and municipal securities | 10,296 | (98 | ) | 22,696 | (616 | ) | 32,992 | (714 | ) | ||||||||||||||||
Corporate debt securities | — | — | 4,997 | (73 | ) | 4,997 | (73 | ) | |||||||||||||||||
Mortgage-backed securities | 71,050 | (416 | ) | 51,314 | (2,027 | ) | 122,364 | (2,443 | ) | ||||||||||||||||
Total temporarily impaired securities | $ | 81,346 | $ | (514 | ) | $ | 93,467 | $ | (3,207 | ) | $ | 174,813 | $ | (3,721 | ) | ||||||||||
December 31, 2013: | |||||||||||||||||||||||||
U. S. government agencies | $ | 13,926 | $ | (1,021 | ) | $ | — | $ | — | $ | 13,926 | $ | (1,021 | ) | |||||||||||
State, county and municipal securities | 47,401 | (1,882 | ) | 3,794 | (292 | ) | 51,195 | (2,174 | ) | ||||||||||||||||
Corporate debt securities | — | — | 4,826 | (261 | ) | 4,826 | (261 | ) | |||||||||||||||||
Collateralized debt obligations | — | — | — | — | — | — | |||||||||||||||||||
Mortgage-backed securities | 94,989 | (2,493 | ) | 23,388 | (1,545 | ) | 118,377 | (4,038 | ) | ||||||||||||||||
Total temporarily impaired securities | $ | 156,316 | $ | (5,396 | ) | $ | 32,008 | $ | (2,098 | ) | $ | 188,324 | $ | (7,494 | ) | ||||||||||
September 30, 2013: | |||||||||||||||||||||||||
U. S. government agencies | $ | 13,917 | $ | (1,028 | ) | $ | — | $ | — | $ | 13,917 | $ | (1,028 | ) | |||||||||||
State, county and municipal securities | 46,516 | (1,735 | ) | 3,807 | (300 | ) | 50,323 | (2,035 | ) | ||||||||||||||||
Corporate debt securities | — | — | 4,235 | (856 | ) | 4,235 | (856 | ) | |||||||||||||||||
Mortgage-backed securities | 90,639 | (3,878 | ) | — | — | 90,639 | (3,878 | ) | |||||||||||||||||
Total temporarily impaired securities | $ | 151,072 | $ | (6,641 | ) | $ | 8,042 | $ | (1,156 | ) | $ | 159,114 | $ | (7,797 | ) | ||||||||||
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 concerns 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 September 30, 2014, 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 September 30, 2014, these investments are not considered impaired on an other-than-temporary basis. | |||||||||||||||||||||||||
At September 30, 2014, December 31, 2013 and September 30, 2013, all of the Company’s mortgage-backed securities were obligations of government-sponsored agencies. | |||||||||||||||||||||||||
The following table is a summary of sales activities in the Company’s investment securities available for sale for the nine months ended September 30, 2014, year ended December 31, 2013 and nine months ended September 30, 2013: | |||||||||||||||||||||||||
September 30, | December 31, 2013 | September 30, | |||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||
Gross gains on sales of securities | $ | 141 | $ | 353 | $ | 353 | |||||||||||||||||||
Gross losses on sales of securities | (3 | ) | (182 | ) | (182 | ) | |||||||||||||||||||
Net realized gains on sales of securities available for sale | $ | 138 | $ | 171 | $ | 171 | |||||||||||||||||||
Sales proceeds | $ | 92,975 | $ | 36,669 | $ | 36,669 | |||||||||||||||||||
Loans
Loans | 9 Months Ended | ||||||||||||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||||||||||||
Receivables [Abstract] | ' | ||||||||||||||||||||||||||||||||
Loans | ' | ||||||||||||||||||||||||||||||||
NOTE 4 – LOANS | |||||||||||||||||||||||||||||||||
The Company 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. Ameris 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. | |||||||||||||||||||||||||||||||||
Commercial, financial and agricultural loans include both secured and unsecured loans for working capital, expansion, crop production, and other business purposes. Short-term working capital loans are secured by non-real estate collateral such as accounts receivable, crops, inventory and equipment. The Company 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, construction of one-to-four family 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. The Company’s residential loans represent permanent mortgage financing and are secured by residential properties located within the Bank’s market areas. | |||||||||||||||||||||||||||||||||
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. Balances within the major loans receivable categories are presented in the following table, excluding purchased non-covered and covered loans: | |||||||||||||||||||||||||||||||||
(Dollars in Thousands) | September 30, | December 31, | September 30, | ||||||||||||||||||||||||||||||
2014 | 2013 | 2013 | |||||||||||||||||||||||||||||||
Commercial, financial and agricultural | $ | 334,783 | $ | 244,373 | $ | 244,991 | |||||||||||||||||||||||||||
Real estate – construction and development | 154,315 | 146,371 | 132,277 | ||||||||||||||||||||||||||||||
Real estate – commercial and farmland | 882,160 | 808,323 | 799,149 | ||||||||||||||||||||||||||||||
Real estate – residential | 436,515 | 366,882 | 355,920 | ||||||||||||||||||||||||||||||
Consumer installment | 31,403 | 34,249 | 36,303 | ||||||||||||||||||||||||||||||
Other | 9,583 | 18,256 | 20,627 | ||||||||||||||||||||||||||||||
$ | 1,848,759 | $ | 1,618,454 | $ | 1,589,267 | ||||||||||||||||||||||||||||
Purchased non-covered loans are defined as loans that were acquired in bank acquisitions that are not covered by a loss-sharing agreement with the FDIC. Purchased non-covered loans totaling $673.7 million and $448.8 million at September 30, 2014 and December 31, 2013, respectively, are not included in the above schedule. There were no purchased non-covered loans at September 30, 2013. | |||||||||||||||||||||||||||||||||
Purchased non-covered loans are shown below according to major loan type as of the end of the periods shown: | |||||||||||||||||||||||||||||||||
(Dollars in Thousands) | September 30, | December 31, | September 30, | ||||||||||||||||||||||||||||||
2014 | 2013 | 2013 | |||||||||||||||||||||||||||||||
Commercial, financial and agricultural | $ | 38,077 | $ | 32,141 | $ | — | |||||||||||||||||||||||||||
Real estate – construction and development | 60,262 | 31,176 | — | ||||||||||||||||||||||||||||||
Real estate – commercial and farmland | 296,790 | 179,898 | — | ||||||||||||||||||||||||||||||
Real estate – residential | 273,347 | 200,851 | — | ||||||||||||||||||||||||||||||
Consumer installment | 5,248 | 4,687 | — | ||||||||||||||||||||||||||||||
$ | 673,724 | $ | 448,753 | $ | — | ||||||||||||||||||||||||||||
Covered loans are defined as loans that were acquired in FDIC-assisted transactions that are covered by a loss-sharing agreement with the FDIC. Covered loans totaling $313.6 million, $390.2 million and $417.6 million at September 30, 2014, December 31, 2013 and September 30, 2013, respectively, are not included in the above schedule. | |||||||||||||||||||||||||||||||||
Covered loans are shown below according to loan type as of the end of the periods shown: | |||||||||||||||||||||||||||||||||
(Dollars in Thousands) | September 30, | December 31, | September 30, | ||||||||||||||||||||||||||||||
2014 | 2013 | 2013 | |||||||||||||||||||||||||||||||
Commercial, financial and agricultural | $ | 22,545 | $ | 26,550 | $ | 27,768 | |||||||||||||||||||||||||||
Real estate – construction and development | 27,756 | 43,179 | 50,702 | ||||||||||||||||||||||||||||||
Real estate – commercial and farmland | 180,566 | 224,451 | 237,086 | ||||||||||||||||||||||||||||||
Real estate – residential | 82,445 | 95,173 | 101,146 | ||||||||||||||||||||||||||||||
Consumer installment | 277 | 884 | 947 | ||||||||||||||||||||||||||||||
$ | 313,589 | $ | 390,237 | $ | 417,649 | ||||||||||||||||||||||||||||
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 against interest income. Interest payments on nonaccrual loans are typically applied to principal unless collectability of the principal amount is reasonably assured, in which case interest is recognized on a cash basis. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. Nonaccrual loans are loans whose principal or interest is past due 90 days or more. In some cases, where borrowers are experiencing financial difficulties, loans may be restructured to provide terms significantly different from the original contractual terms. | |||||||||||||||||||||||||||||||||
The following table presents an analysis of loans accounted for on a nonaccrual basis, excluding purchased non-covered and covered loans: | |||||||||||||||||||||||||||||||||
(Dollars in Thousands) | September 30, | December 31, | September 30, | ||||||||||||||||||||||||||||||
2014 | 2013 | 2013 | |||||||||||||||||||||||||||||||
Commercial, financial and agricultural | $ | 2,695 | $ | 4,103 | $ | 4,198 | |||||||||||||||||||||||||||
Real estate – construction and development | 3,037 | 3,971 | 4,229 | ||||||||||||||||||||||||||||||
Real estate – commercial and farmland | 8,983 | 8,566 | 9,548 | ||||||||||||||||||||||||||||||
Real estate – residential | 7,608 | 12,152 | 13,303 | ||||||||||||||||||||||||||||||
Consumer installment | 487 | 411 | 442 | ||||||||||||||||||||||||||||||
$ | 22,810 | $ | 29,203 | $ | 31,720 | ||||||||||||||||||||||||||||
The following table presents an analysis of purchased non-covered loans accounted for on a nonaccrual basis: | |||||||||||||||||||||||||||||||||
(Dollars in Thousands) | September 30, | December 31, | September 30, | ||||||||||||||||||||||||||||||
2014 | 2013 | 2013 | |||||||||||||||||||||||||||||||
Commercial, financial and agricultural | $ | 54 | $ | 11 | $ | — | |||||||||||||||||||||||||||
Real estate – construction and development | 1,969 | 325 | — | ||||||||||||||||||||||||||||||
Real estate – commercial and farmland | 8,776 | 1,653 | — | ||||||||||||||||||||||||||||||
Real estate – residential | 6,132 | 4,658 | — | ||||||||||||||||||||||||||||||
Consumer installment | 76 | 12 | — | ||||||||||||||||||||||||||||||
$ | 17,007 | $ | 6,659 | $ | — | ||||||||||||||||||||||||||||
The following table presents an analysis of covered loans accounted for on a nonaccrual basis: | |||||||||||||||||||||||||||||||||
(Dollars in Thousands) | September 30, | December 31, | September 30, | ||||||||||||||||||||||||||||||
2014 | 2013 | 2013 | |||||||||||||||||||||||||||||||
Commercial, financial and agricultural | $ | 8,441 | $ | 7,257 | $ | 7,872 | |||||||||||||||||||||||||||
Real estate – construction and development | 8,896 | 14,781 | 16,582 | ||||||||||||||||||||||||||||||
Real estate – commercial and farmland | 14,617 | 33,495 | 37,079 | ||||||||||||||||||||||||||||||
Real estate – residential | 7,227 | 13,278 | 13,028 | ||||||||||||||||||||||||||||||
Consumer installment | 102 | 341 | 350 | ||||||||||||||||||||||||||||||
$ | 39,283 | $ | 69,152 | $ | 74,911 | ||||||||||||||||||||||||||||
The following table presents an aging analysis of loans, excluding purchased non-covered and covered past due loans as of September 30, 2014, December 31, 2013 and September 30, 2013: | |||||||||||||||||||||||||||||||||
Loans | Loans | Loans 90 | Total | Current | Total | Loans 90 | |||||||||||||||||||||||||||
30-59 | 60-89 | or More | Loans | Loans | Loans | Days or | |||||||||||||||||||||||||||
Days Past | Days | Days Past | Past Due | More Past | |||||||||||||||||||||||||||||
Due | Past Due | Due | Due and | ||||||||||||||||||||||||||||||
Still | |||||||||||||||||||||||||||||||||
Accruing | |||||||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||||||
As of September 30, 2014: | |||||||||||||||||||||||||||||||||
Commercial, financial & agricultural | $ | 271 | $ | 400 | $ | 2,483 | $ | 3,154 | $ | 331,629 | $ | 334,783 | $ | — | |||||||||||||||||||
Real estate – construction & development | 1,232 | 285 | 2,899 | 4,416 | 149,899 | 154,315 | — | ||||||||||||||||||||||||||
Real estate – commercial & farmland | 3,025 | 484 | 8,918 | 12,427 | 869,733 | 882,160 | — | ||||||||||||||||||||||||||
Real estate – residential | 4,416 | 2,085 | 7,303 | 13,804 | 422,711 | 436,515 | — | ||||||||||||||||||||||||||
Consumer installment loans | 333 | 113 | 396 | 842 | 30,561 | 31,403 | — | ||||||||||||||||||||||||||
Other | — | — | — | — | 9,583 | 9,583 | — | ||||||||||||||||||||||||||
Total | $ | 9,277 | $ | 3,367 | $ | 21,999 | $ | 34,643 | $ | 1,814,116 | $ | 1,848,759 | $ | — | |||||||||||||||||||
Loans | Loans | Loans 90 | Total | Current | Total | Loans 90 | |||||||||||||||||||||||||||
30-59 | 60-89 | or More | Loans | Loans | Loans | Days or | |||||||||||||||||||||||||||
Days Past | Days | Days Past | Past Due | More Past | |||||||||||||||||||||||||||||
Due | Past Due | Due | Due and | ||||||||||||||||||||||||||||||
Still | |||||||||||||||||||||||||||||||||
Accruing | |||||||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||||||
As of December 31, 2013: | |||||||||||||||||||||||||||||||||
Commercial, financial & agricultural | $ | 10,893 | $ | 272 | $ | 4,081 | $ | 15,246 | $ | 229,127 | $ | 244,373 | $ | — | |||||||||||||||||||
Real estate – construction & development | 1,026 | 69 | 3,935 | 5,030 | 141,341 | 146,371 | — | ||||||||||||||||||||||||||
Real estate – commercial & farmland | 3,981 | 1,388 | 7,751 | 13,120 | 795,203 | 808,323 | — | ||||||||||||||||||||||||||
Real estate – residential | 5,422 | 1,735 | 11,587 | 18,744 | 348,138 | 366,882 | — | ||||||||||||||||||||||||||
Consumer installment loans | 568 | 197 | 305 | 1,070 | 33,179 | 34,249 | — | ||||||||||||||||||||||||||
Other | — | — | — | — | 18,256 | 18,256 | — | ||||||||||||||||||||||||||
Total | $ | 21,890 | $ | 3,661 | $ | 27,659 | $ | 53,210 | $ | 1,565,244 | $ | 1,618,454 | $ | — | |||||||||||||||||||
Loans | Loans | Loans 90 | Total | Current | Total | Loans 90 | |||||||||||||||||||||||||||
30-59 | 60-89 | or More | Loans | Loans | Loans | Days or | |||||||||||||||||||||||||||
Days Past | Days | Days Past | Past Due | More Past | |||||||||||||||||||||||||||||
Due | Past Due | Due | Due and | ||||||||||||||||||||||||||||||
Still | |||||||||||||||||||||||||||||||||
Accruing | |||||||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||||||
As of September 30, 2013: | |||||||||||||||||||||||||||||||||
Commercial, financial & agricultural | $ | 623 | $ | 297 | $ | 4,107 | $ | 5,027 | $ | 239,964 | $ | 244,991 | $ | — | |||||||||||||||||||
Real estate – construction & development | 1,200 | 794 | 4,229 | 6,223 | 126,054 | 132,277 | — | ||||||||||||||||||||||||||
Real estate – commercial & farmland | 3,883 | 2,458 | 9,523 | 15,864 | 783,285 | 799,149 | — | ||||||||||||||||||||||||||
Real estate – residential | 5,515 | 3,531 | 11,818 | 20,864 | 335,056 | 355,920 | — | ||||||||||||||||||||||||||
Consumer installment loans | 497 | 255 | 327 | 1,079 | 35,224 | 36,303 | — | ||||||||||||||||||||||||||
Other | — | — | — | — | 20,627 | 20,627 | — | ||||||||||||||||||||||||||
Total | $ | 11,718 | $ | 7,335 | $ | 30,004 | $ | 49,057 | $ | 1,540,210 | $ | 1,589,267 | $ | — | |||||||||||||||||||
The following table presents an aging analysis of purchased non-covered past due loans based on the recorded basis as of September 30, 2014 and December 31, 2013. There were no purchased non-covered loans as of September 30, 2013: | |||||||||||||||||||||||||||||||||
Loans | Loans | Loans 90 | Total | Current | Total | Loans 90 | |||||||||||||||||||||||||||
30-59 | 60-89 | or More | Loans | Loans | Loans | Days or | |||||||||||||||||||||||||||
Days Past | Days | Days Past | Past Due | More Past | |||||||||||||||||||||||||||||
Due | Past Due | Due | Due and | ||||||||||||||||||||||||||||||
Still | |||||||||||||||||||||||||||||||||
Accruing | |||||||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||||||
As of September 30, 2014: | |||||||||||||||||||||||||||||||||
Commercial, financial & agricultural | $ | 33 | $ | 46 | $ | 55 | $ | 134 | $ | 37,943 | $ | 38,077 | $ | — | |||||||||||||||||||
Real estate – construction & development | 520 | 135 | 3,069 | 3,724 | 56,538 | 60,262 | 1,100 | ||||||||||||||||||||||||||
Real estate – commercial & farmland | 3,497 | 1,227 | 8,266 | 12,990 | 283,800 | 296,790 | 258 | ||||||||||||||||||||||||||
Real estate – residential | 3,915 | 1,440 | 5,929 | 11,284 | 262,063 | 273,347 | — | ||||||||||||||||||||||||||
Consumer installment loans | 36 | 5 | 76 | 117 | 5,131 | 5,248 | — | ||||||||||||||||||||||||||
Total | $ | 8,001 | $ | 2,853 | $ | 17,395 | $ | 28,249 | $ | 645,475 | $ | 673,724 | $ | 1,358 | |||||||||||||||||||
Loans | Loans | Loans 90 | Total | Current | Total | Loans 90 | |||||||||||||||||||||||||||
30-59 | 60-89 | or More | Loans | Loans | Loans | Days or | |||||||||||||||||||||||||||
Days Past | Days | Days Past | Past Due | More Past | |||||||||||||||||||||||||||||
Due | Past Due | Due | Due and | ||||||||||||||||||||||||||||||
Still | |||||||||||||||||||||||||||||||||
Accruing | |||||||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||||||
As of December 31, 2013: | |||||||||||||||||||||||||||||||||
Commercial, financial & agricultural | $ | 370 | $ | 70 | $ | 11 | $ | 451 | $ | 31,690 | $ | 32,141 | $ | — | |||||||||||||||||||
Real estate – construction & development | 1,008 | 89 | 325 | 1,422 | 29,754 | 31,176 | — | ||||||||||||||||||||||||||
Real estate – commercial & farmland | 6,851 | 2,064 | 1,516 | 10,431 | 169,467 | 179,898 | — | ||||||||||||||||||||||||||
Real estate – residential | 4,667 | 1,074 | 3,428 | 9,169 | 191,682 | 200,851 | — | ||||||||||||||||||||||||||
Consumer installment loans | 7 | 17 | 9 | 33 | 4,654 | 4,687 | — | ||||||||||||||||||||||||||
Total | $ | 12,903 | $ | 3,314 | $ | 5,289 | $ | 21,506 | $ | 427,247 | $ | 448,753 | $ | — | |||||||||||||||||||
The following table presents an aging analysis of covered loans as of September 30, 2014, December 31, 2013 and September 30, 2013: | |||||||||||||||||||||||||||||||||
Loans | Loans | Loans 90 | Total | Current | Total | Loans 90 | |||||||||||||||||||||||||||
30-59 | 60-89 | or More | Loans | Loans | Loans | Days or | |||||||||||||||||||||||||||
Days Past | Days | Days Past | Past Due | More Past | |||||||||||||||||||||||||||||
Due | Past Due | Due | Due and | ||||||||||||||||||||||||||||||
Still | |||||||||||||||||||||||||||||||||
Accruing | |||||||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||||||
As of September 30, 2014: | |||||||||||||||||||||||||||||||||
Commercial, financial & agricultural | $ | 568 | $ | 188 | $ | 1,978 | $ | 2,734 | $ | 19,811 | $ | 22,545 | $ | — | |||||||||||||||||||
Real estate – construction & development | 632 | 72 | 8,659 | 9,363 | 18,393 | 27,756 | — | ||||||||||||||||||||||||||
Real estate – commercial & farmland | 7,100 | 322 | 8,930 | 16,352 | 164,214 | 180,566 | 305 | ||||||||||||||||||||||||||
Real estate – residential | 2,694 | 1,473 | 5,563 | 9,730 | 72,715 | 82,445 | 65 | ||||||||||||||||||||||||||
Consumer installment loans | 2 | 7 | 101 | 110 | 167 | 277 | — | ||||||||||||||||||||||||||
Total | $ | 10,996 | $ | 2,062 | $ | 25,231 | $ | 38,289 | $ | 275,300 | $ | 313,589 | $ | 370 | |||||||||||||||||||
Loans | Loans | Loans 90 | Total | Current | Total | Loans 90 | |||||||||||||||||||||||||||
30-59 | 60-89 | or More | Loans | Loans | Loans | Days or | |||||||||||||||||||||||||||
Days Past | Days | Days Past | Past Due | More Past | |||||||||||||||||||||||||||||
Due | Past Due | Due | Due and | ||||||||||||||||||||||||||||||
Still | |||||||||||||||||||||||||||||||||
Accruing | |||||||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||||||
As of December 31, 2013: | |||||||||||||||||||||||||||||||||
Commercial, financial & agricultural | $ | 3,966 | $ | 12 | $ | 6,165 | $ | 10,143 | $ | 16,407 | $ | 26,550 | $ | — | |||||||||||||||||||
Real estate – construction & development | 843 | 144 | 14,055 | 15,042 | 28,137 | 43,179 | — | ||||||||||||||||||||||||||
Real estate – commercial & farmland | 8,482 | 4,350 | 26,428 | 39,260 | 185,191 | 224,451 | 346 | ||||||||||||||||||||||||||
Real estate – residential | 7,648 | 1,914 | 10,244 | 19,806 | 75,367 | 95,173 | — | ||||||||||||||||||||||||||
Consumer installment loans | 51 | 14 | 305 | 370 | 514 | 884 | — | ||||||||||||||||||||||||||
Total | $ | 20,990 | $ | 6,434 | $ | 57,197 | $ | 84,621 | $ | 305,616 | $ | 390,237 | $ | 346 | |||||||||||||||||||
Loans | Loans | Loans 90 | Total | Current | Total | Loans 90 | |||||||||||||||||||||||||||
30-59 | 60-89 | or More | Loans | Loans | Loans | Days or | |||||||||||||||||||||||||||
Days Past | Days | Days Past | Past Due | More Past | |||||||||||||||||||||||||||||
Due | Past Due | Due | Due and | ||||||||||||||||||||||||||||||
Still | |||||||||||||||||||||||||||||||||
Accruing | |||||||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||||||
As of September 30, 2013: | |||||||||||||||||||||||||||||||||
Commercial, financial & agricultural | $ | 319 | $ | 50 | $ | 6,695 | $ | 7,064 | $ | 20,704 | $ | 27,768 | $ | — | |||||||||||||||||||
Real estate – construction & development | 2,831 | 658 | 15,781 | 19,270 | 31,432 | 50,702 | 266 | ||||||||||||||||||||||||||
Real estate – commercial & farmland | 7,365 | 5,350 | 30,503 | 43,218 | 193,868 | 237,086 | 568 | ||||||||||||||||||||||||||
Real estate – residential | 2,980 | 1,727 | 11,078 | 15,785 | 85,361 | 101,146 | 823 | ||||||||||||||||||||||||||
Consumer installment loans | 49 | — | 311 | 360 | 587 | 947 | — | ||||||||||||||||||||||||||
Total | $ | 13,544 | $ | 7,785 | $ | 64,368 | $ | 85,697 | $ | 331,952 | $ | 417,649 | $ | 1,657 | |||||||||||||||||||
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. 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. Impaired loans include loans on nonaccrual status and troubled debt restructurings. The Company individually assesses for impairment all nonaccrual loans greater than $200,000 and rated substandard or worse and all troubled debt restructurings greater than $100,000. If a loan is deemed impaired, a specific valuation allowance is allocated, if necessary, so that the loan is reported net, at the present value of estimated future cash flows using the loan’s existing rate or at the fair value of collateral if repayment is expected solely from the collateral. Interest payments on impaired loans are typically applied to principal unless collectability of the principal amount is reasonably assured, in which case interest is recognized on a cash basis. | |||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||
September 30, | December 31, | September 30, | |||||||||||||||||||||||||||||||
2014 | 2013 | 2013 | |||||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||||||
Nonaccrual loans | $ | 22,810 | $ | 29,203 | $ | 31,720 | |||||||||||||||||||||||||||
Troubled debt restructurings not included above | 17,261 | 17,214 | 17,024 | ||||||||||||||||||||||||||||||
Total impaired loans | $ | 40,071 | $ | 46,417 | $ | 48,744 | |||||||||||||||||||||||||||
Quarter-to-date interest income recognized on impaired loans | $ | 117 | $ | 54 | $ | 17 | |||||||||||||||||||||||||||
Year-to-date interest income recognized on impaired loans | $ | 799 | $ | 522 | $ | 468 | |||||||||||||||||||||||||||
Quarter-to-date foregone interest income on impaired loans | $ | 138 | $ | 30 | $ | 216 | |||||||||||||||||||||||||||
Year-to-date foregone interest income on impaired loans | $ | 161 | $ | 418 | $ | 388 | |||||||||||||||||||||||||||
The following table presents an analysis of information pertaining to impaired loans, excluding purchased non-covered and covered loans as of September 30, 2014, December 31, 2013 and September 30, 2013. | |||||||||||||||||||||||||||||||||
Unpaid | Recorded | Recorded | Total | Related | Three Month | Nine Month | |||||||||||||||||||||||||||
Contractual | Investment | Investment | Recorded | Allowance | Average | Average | |||||||||||||||||||||||||||
Principal | With No | With | Investment | Recorded | Recorded | ||||||||||||||||||||||||||||
Balance | Allowance | Allowance | Investment | Investment | |||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||||||
As of September 30, 2014: | |||||||||||||||||||||||||||||||||
Commercial, financial & agricultural | $ | 4,445 | $ | 8 | $ | 2,943 | $ | 2,951 | $ | 631 | $ | 2,402 | $ | 3,285 | |||||||||||||||||||
Real estate – construction & development | 8,824 | 211 | 4,743 | 4,954 | 612 | 5,243 | 5,596 | ||||||||||||||||||||||||||
Real estate – commercial & farmland | 18,955 | 7,311 | 8,753 | 16,064 | 1,698 | 16,242 | 16,312 | ||||||||||||||||||||||||||
Real estate – residential | 18,251 | 5,635 | 9,946 | 15,581 | 1,286 | 15,356 | 17,169 | ||||||||||||||||||||||||||
Consumer installment loans | 606 | — | 521 | 521 | 10 | 517 | 516 | ||||||||||||||||||||||||||
Total | $ | 51,081 | $ | 13,165 | $ | 26,906 | $ | 40,071 | $ | 4,237 | $ | 39,760 | $ | 42,878 | |||||||||||||||||||
Unpaid | Recorded | Recorded | Total | Related | Three Month | Twelve Month | |||||||||||||||||||||||||||
Contractual | Investment | Investment | Recorded | Allowance | Average | Average | |||||||||||||||||||||||||||
Principal | With No | With | Investment | Recorded | Recorded | ||||||||||||||||||||||||||||
Balance | Allowance | Allowance | Investment | Investment | |||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||||||
As of December 31, 2013: | |||||||||||||||||||||||||||||||||
Commercial, financial & agricultural | $ | 6,240 | $ | — | $ | 4,618 | $ | 4,618 | $ | 435 | $ | 4,669 | $ | 4,844 | |||||||||||||||||||
Real estate – construction & development | 11,363 | — | 5,867 | 5,867 | 512 | 6,011 | 8,341 | ||||||||||||||||||||||||||
Real estate – commercial & farmland | 18,456 | — | 15,479 | 15,479 | 1,443 | 15,860 | 17,559 | ||||||||||||||||||||||||||
Real estate – residential | 24,342 | — | 19,970 | 19,970 | 1,472 | 20,571 | 20,335 | ||||||||||||||||||||||||||
Consumer installment loans | 623 | — | 483 | 483 | 9 | 469 | 642 | ||||||||||||||||||||||||||
Total | $ | 61,024 | $ | — | $ | 46,417 | $ | 46,417 | $ | 3,871 | $ | 47,580 | $ | 51,721 | |||||||||||||||||||
Unpaid | Recorded | Recorded | Total | Related | Three Month | Twelve Month | |||||||||||||||||||||||||||
Contractual | Investment | Investment | Recorded | Allowance | Average | Average | |||||||||||||||||||||||||||
Principal | With No | With | Investment | Recorded | Recorded | ||||||||||||||||||||||||||||
Balance | Allowance | Allowance | Investment | Investment | |||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||||||
As of September 30, 2013: | |||||||||||||||||||||||||||||||||
Commercial, financial & agricultural | $ | 7,401 | $ | — | $ | 4,719 | $ | 4,719 | $ | 820 | $ | 5,052 | $ | 4,900 | |||||||||||||||||||
Real estate – construction & development | 14,299 | — | 6,155 | 6,155 | 821 | 6,775 | 8,960 | ||||||||||||||||||||||||||
Real estate – commercial & farmland | 18,628 | — | 16,241 | 16,241 | 1,999 | 16,366 | 18,079 | ||||||||||||||||||||||||||
Real estate – residential | 24,701 | — | 21,174 | 21,174 | 1,530 | 20,533 | 20,427 | ||||||||||||||||||||||||||
Consumer installment loans | 565 | — | 455 | 455 | 10 | 559 | 681 | ||||||||||||||||||||||||||
Total | $ | 65,594 | $ | — | $ | 48,744 | $ | 48,744 | $ | 5,180 | $ | 49,285 | $ | 53,047 | |||||||||||||||||||
The following is a summary of information pertaining to purchased non-covered impaired loans: | |||||||||||||||||||||||||||||||||
As of and For the Period Ended | |||||||||||||||||||||||||||||||||
September 30, | December 31, | September 30, | |||||||||||||||||||||||||||||||
2014 | 2013 | 2013 | |||||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||||||
Nonaccrual loans | $ | 17,007 | $ | 6,659 | $ | — | |||||||||||||||||||||||||||
Troubled debt restructurings not included above | 583 | — | — | ||||||||||||||||||||||||||||||
Total impaired loans | $ | 17,590 | $ | 6,659 | $ | — | |||||||||||||||||||||||||||
Quarter-to-date interest income recognized on impaired loans | $ | 19 | $ | — | $ | — | |||||||||||||||||||||||||||
Year-to-date interest income recognized on impaired loans | $ | 35 | $ | — | $ | — | |||||||||||||||||||||||||||
Quarter-to-date foregone interest income on impaired loans | $ | 18 | $ | — | $ | — | |||||||||||||||||||||||||||
Year-to-date foregone interest income on impaired loans | $ | 176 | $ | — | $ | — | |||||||||||||||||||||||||||
The following table presents an analysis of information pertaining to impaired purchased non-covered loans as of September 30, 2014 and December 31, 2013. There were no purchased non-covered loans as of September 30, 2013: | |||||||||||||||||||||||||||||||||
Unpaid | Recorded | Recorded | Total | Related | Three Month | Nine Month | |||||||||||||||||||||||||||
Contractual | Investment | Investment | Recorded | Allowance | Average | Average | |||||||||||||||||||||||||||
Principal | With No | With | Investment | Recorded | Recorded | ||||||||||||||||||||||||||||
Balance | Allowance | Allowance | Investment | Investment | |||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||||||
As of September 30, 2014: | |||||||||||||||||||||||||||||||||
Commercial, financial & agricultural | $ | 438 | $ | 54 | $ | — | $ | 54 | $ | — | $ | 98 | $ | 81 | |||||||||||||||||||
Real estate – construction & development | 3,794 | 2,274 | — | 2,274 | — | 2,273 | 1,501 | ||||||||||||||||||||||||||
Real estate – commercial & farmland | 12,354 | 8,776 | — | 8,776 | — | 7,712 | 5,976 | ||||||||||||||||||||||||||
Real estate – residential | 9,610 | 6,407 | — | 6,407 | — | 6,533 | 6,233 | ||||||||||||||||||||||||||
Consumer installment loans | 184 | 79 | — | 79 | — | 64 | 43 | ||||||||||||||||||||||||||
Total | $ | 26,380 | $ | 17,590 | $ | — | $ | 17,590 | $ | — | $ | 16,680 | $ | 13,834 | |||||||||||||||||||
Unpaid | Recorded | Recorded | Total | Related | Three Month | Twelve Month | |||||||||||||||||||||||||||
Contractual | Investment | Investment | Recorded | Allowance | Average | Average | |||||||||||||||||||||||||||
Principal | With No | With | Investment | Recorded | Recorded | ||||||||||||||||||||||||||||
Balance | Allowance | Allowance | Investment | Investment | |||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||||||
As of December 31, 2013: | |||||||||||||||||||||||||||||||||
Commercial, financial & agricultural | $ | 19 | $ | 11 | $ | — | $ | 11 | $ | — | $ | 1 | $ | — | |||||||||||||||||||
Real estate – construction & development | 542 | 325 | — | 325 | — | 25 | 6 | ||||||||||||||||||||||||||
Real estate – commercial & farmland | 2,673 | 1,653 | — | 1,653 | — | 126 | 32 | ||||||||||||||||||||||||||
Real estate – residential | 7,712 | 4,658 | — | 4,658 | — | 354 | 90 | ||||||||||||||||||||||||||
Consumer installment loans | 20 | 12 | — | 12 | — | 1 | — | ||||||||||||||||||||||||||
Total | $ | 10,996 | $ | 6,659 | $ | — | $ | 6,659 | $ | — | $ | 507 | $ | 128 | |||||||||||||||||||
The following is a summary of information pertaining to covered impaired loans: | |||||||||||||||||||||||||||||||||
As of and For the Period Ended | |||||||||||||||||||||||||||||||||
September 30, | December 31, | September 30, | |||||||||||||||||||||||||||||||
2014 | 2013 | 2013 | |||||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||||||
Nonaccrual loans | $ | 39,283 | $ | 69,152 | $ | 74,911 | |||||||||||||||||||||||||||
Troubled debt restructurings not included above | 22,757 | 22,243 | 21,184 | ||||||||||||||||||||||||||||||
Total impaired loans | $ | 62,040 | $ | 91,395 | $ | 96,095 | |||||||||||||||||||||||||||
Quarter-to-date interest income recognized on impaired loans | $ | 176 | $ | 175 | $ | 9 | |||||||||||||||||||||||||||
Year-to-date interest income recognized on impaired loans | $ | 1,115 | $ | 968 | $ | 793 | |||||||||||||||||||||||||||
Quarter-to-date foregone interest income on impaired loans | $ | — | $ | 44 | $ | 44 | |||||||||||||||||||||||||||
Year-to-date foregone interest income on impaired loans | $ | 94 | $ | 330 | $ | 286 | |||||||||||||||||||||||||||
The following table presents an analysis of information pertaining to impaired covered loans as of September 30, 2014, December 31, 2013 and September 30, 2013: | |||||||||||||||||||||||||||||||||
Unpaid | Recorded | Recorded | Total | Related | Three Month | Nine Month | |||||||||||||||||||||||||||
Contractual | Investment | Investment | Recorded | Allowance | Average | Average | |||||||||||||||||||||||||||
Principal | With No | With | Investment | Recorded | Recorded | ||||||||||||||||||||||||||||
Balance | Allowance | Allowance | Investment | Investment | |||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||||||
As of September 30, 2014: | |||||||||||||||||||||||||||||||||
Commercial, financial & agricultural | $ | 11,356 | $ | 8,467 | $ | — | $ | 8,467 | $ | — | $ | 10,367 | $ | 9,511 | |||||||||||||||||||
Real estate – construction & development | 13,268 | 11,920 | — | 11,920 | — | 11,484 | 14,760 | ||||||||||||||||||||||||||
Real estate – commercial & farmland | 26,624 | 23,118 | — | 23,118 | — | 23,562 | 29,904 | ||||||||||||||||||||||||||
Real estate – residential | 20,331 | 18,430 | — | 18,430 | — | 19,112 | 21,456 | ||||||||||||||||||||||||||
Consumer installment loans | 134 | 105 | — | 105 | — | 116 | 177 | ||||||||||||||||||||||||||
Total | $ | 71,713 | $ | 62,040 | $ | — | $ | 62,040 | $ | — | $ | 64,641 | $ | 75,808 | |||||||||||||||||||
Unpaid | Recorded | Recorded | Total | Related | Three Month | Twelve Month | |||||||||||||||||||||||||||
Contractual | Investment | Investment | Recorded | Allowance | Average | Average | |||||||||||||||||||||||||||
Principal | With No | With | Investment | Recorded | Recorded | ||||||||||||||||||||||||||||
Balance | Allowance | Allowance | Investment | Investment | |||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||||||
As of December 31, 2013: | |||||||||||||||||||||||||||||||||
Commercial, financial & agricultural | $ | 9,680 | $ | 7,270 | $ | — | $ | 7,270 | $ | — | $ | 7,577 | $ | 8,696 | |||||||||||||||||||
Real estate – construction & development | 20,915 | 18,037 | — | 18,037 | — | 19,464 | 21,794 | ||||||||||||||||||||||||||
Real estate – commercial & farmland | 46,612 | 40,749 | — | 40,749 | — | 42,014 | 51,584 | ||||||||||||||||||||||||||
Real estate – residential | 29,089 | 24,998 | — | 24,998 | — | 24,345 | 28,452 | ||||||||||||||||||||||||||
Consumer installment loans | 394 | 341 | — | 341 | — | 346 | 304 | ||||||||||||||||||||||||||
Total | $ | 106,690 | $ | 91,395 | $ | — | $ | 91,395 | $ | — | $ | 93,745 | $ | 110,830 | |||||||||||||||||||
Unpaid | Recorded | Recorded | Total | Related | Three Month | Nine Month | |||||||||||||||||||||||||||
Contractual | Investment | Investment | Recorded | Allowance | Average | Average | |||||||||||||||||||||||||||
Principal | With No | With | Investment | Recorded | Recorded | ||||||||||||||||||||||||||||
Balance | Allowance | Allowance | Investment | Investment | |||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||||||
As of September 30, 2013: | |||||||||||||||||||||||||||||||||
Commercial, financial & agricultural | $ | 10,645 | $ | 7,884 | $ | — | $ | 7,884 | $ | — | $ | 8,327 | $ | 9,052 | |||||||||||||||||||
Real estate – construction & development | 25,401 | 20,890 | — | 20,890 | — | 21,860 | 22,734 | ||||||||||||||||||||||||||
Real estate – commercial & farmland | 51,105 | 43,279 | — | 43,279 | — | 48,558 | 54,292 | ||||||||||||||||||||||||||
Real estate – residential | 28,078 | 23,692 | — | 23,692 | — | 24,810 | 29,316 | ||||||||||||||||||||||||||
Consumer installment loans | 404 | 350 | — | 350 | — | 318 | 295 | ||||||||||||||||||||||||||
Total | $ | 115,633 | $ | 96,095 | $ | — | $ | 96,095 | $ | — | $ | 103,872 | $ | 115,689 | |||||||||||||||||||
Credit Quality Indicators | |||||||||||||||||||||||||||||||||
The Company uses a nine category risk grading system to assign a risk grade to each loan in the portfolio. Every loan is assigned a risk rating, with the exception of credit card receivables and overdraft protection loans which are treated as pools and assigned a risk rating. All relationships greater than $1.0 million and the majority of relationships greater than $250,000 are reviewed annually by the Bank’s independent internal loan review department or an independent third party loan review. The following is a description of the general characteristics of the grades: | |||||||||||||||||||||||||||||||||
Grade 10 – Prime Credit – This grade represents loans to the Company’s most creditworthy borrowers or loans that are secured by cash or cash equivalents. | |||||||||||||||||||||||||||||||||
Grade 15 – Good Credit – This grade includes loans that exhibit one or more characteristics better than that of a Satisfactory Credit. Generally, the debt service coverage and borrower’s liquidity is materially better than required by the Company’s loan policy. | |||||||||||||||||||||||||||||||||
Grade 20 – Satisfactory Credit – This grade is assigned to loans of borrowers who exhibit satisfactory credit histories, contain acceptable loan structures and demonstrate the ability to repay. | |||||||||||||||||||||||||||||||||
Grade 23 – Performing, Under-Collateralized Credit – This grade is assigned to loans that are currently performing and supported by adequate financial information that reflects repayment capacity but exhibit a loan-to-value ratio greater than 110%, based on a documented collateral valuation. | |||||||||||||||||||||||||||||||||
Grade 25 – Minimum Acceptable Credit – This grade includes loans which exhibit all the characteristics of a Satisfactory Credit, but warrant more than a normal level of banker supervision due to (i) circumstances which elevate the risks of performance (such as start-up operations, untested management, heavy leverage and interim losses); (ii) adverse, extraordinary events that have affected, or could affect, the borrower’s cash flow, financial condition, ability to continue operating profitability or refinancing (such as death of principal, fire and divorce); (iii) loans that require more than the normal servicing requirements (such as any type of construction financing, acquisition and development loans, accounts receivable or inventory loans and floor plan loans); (iv) existing technical exceptions which raise some doubts about the Bank’s perfection in its collateral position or the continued financial capacity of the borrower; or (v) improvements in formerly criticized borrowers, which may warrant banker supervision. | |||||||||||||||||||||||||||||||||
Grade 30 – Other Asset Especially Mentioned – This grade includes loans that exhibit potential weaknesses that deserve management’s close attention. If left uncorrected, these weaknesses may result in deterioration of the repayment prospects for the asset or in the Company’s credit position at some future date. | |||||||||||||||||||||||||||||||||
Grade 40 – Substandard – This grade represents loans which are inadequately protected by the current sound worth and paying capacity of the borrower or of the collateral pledged, if any. These assets exhibit a well-defined weakness or are characterized by the distinct possibility that the Bank will sustain some loss if the deficiencies are not corrected. These weaknesses may be characterized by past due performance, operating losses or questionable collateral values. | |||||||||||||||||||||||||||||||||
Grade 50 – Doubtful – This grade includes loans which exhibit all of the characteristics of a substandard loan with the added provision that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable or improbable. | |||||||||||||||||||||||||||||||||
Grade 60 – Loss – This grade is assigned to loans which are considered uncollectible and of such little value that their continuance as active assets of the Bank is not warranted. This classification does not mean that the loss has absolutely no recovery or salvage value, but rather it is not practical or desirable to defer writing it off. | |||||||||||||||||||||||||||||||||
The following table presents the loan portfolio, excluding purchased non-covered and covered loans, by risk grade as of September 30, 2014. | |||||||||||||||||||||||||||||||||
Risk | Commercial, | Real estate - | Real estate - | Real estate - | Consumer | Other | Total | ||||||||||||||||||||||||||
Grade | financial & | construction & | commercial & | residential | installment loans | ||||||||||||||||||||||||||||
agricultural | development | farmland | |||||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||||||
10 | $ | 114,298 | $ | 171 | $ | 251 | $ | 479 | $ | 6,287 | $ | — | $ | 121,486 | |||||||||||||||||||
15 | 29,665 | 4,114 | 136,303 | 51,508 | 1,124 | — | 222,714 | ||||||||||||||||||||||||||
20 | 110,337 | 50,427 | 478,551 | 241,457 | 17,700 | 9,583 | 908,055 | ||||||||||||||||||||||||||
23 | 186 | 9,292 | 9,574 | 9,469 | 305 | — | 28,826 | ||||||||||||||||||||||||||
25 | 73,251 | 83,245 | 217,226 | 105,635 | 4,842 | — | 484,199 | ||||||||||||||||||||||||||
30 | 3,438 | 1,781 | 16,217 | 10,060 | 254 | — | 31,750 | ||||||||||||||||||||||||||
40 | 3,608 | 5,285 | 23,950 | 17,907 | 890 | — | 51,640 | ||||||||||||||||||||||||||
50 | — | — | 88 | — | — | — | 88 | ||||||||||||||||||||||||||
60 | — | — | — | — | 1 | — | 1 | ||||||||||||||||||||||||||
Total | $ | 334,783 | $ | 154,315 | $ | 882,160 | $ | 436,515 | $ | 31,403 | $ | 9,583 | $ | 1,848,759 | |||||||||||||||||||
The following table presents the loan portfolio, excluding purchased non-covered and covered loans, by risk grade as of December 31, 2013. | |||||||||||||||||||||||||||||||||
Risk | Commercial, | Real estate - | Real estate - | Real estate - | Consumer | Other | Total | ||||||||||||||||||||||||||
Grade | financial & | construction & | commercial & | residential | installment loans | ||||||||||||||||||||||||||||
agricultural | development | farmland | |||||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||||||
10 | $ | 66,983 | $ | — | $ | 265 | $ | 419 | $ | 6,714 | $ | — | $ | 74,381 | |||||||||||||||||||
15 | 24,789 | 4,655 | 147,157 | 52,335 | 1,276 | — | 230,212 | ||||||||||||||||||||||||||
20 | 93,852 | 45,195 | 431,790 | 165,339 | 18,619 | 18,256 | 773,051 | ||||||||||||||||||||||||||
23 | 127 | 8,343 | 10,219 | 12,641 | 274 | — | 31,604 | ||||||||||||||||||||||||||
25 | 50,373 | 78,736 | 181,645 | 103,427 | 6,310 | — | 420,491 | ||||||||||||||||||||||||||
30 | 2,111 | 2,876 | 11,849 | 13,558 | 197 | — | 30,591 | ||||||||||||||||||||||||||
40 | 6,011 | 6,566 | 25,398 | 19,153 | 859 | — | 57,987 | ||||||||||||||||||||||||||
50 | 127 | — | — | 10 | — | — | 137 | ||||||||||||||||||||||||||
60 | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
Total | $ | 244,373 | $ | 146,371 | $ | 808,323 | $ | 366,882 | $ | 34,249 | $ | 18,256 | $ | 1,618,454 | |||||||||||||||||||
The following table presents the loan portfolio, excluding purchased non-covered and covered loans, by risk grade as of September 30, 2013: | |||||||||||||||||||||||||||||||||
Risk | Commercial, | Real estate - | Real estate - | Real estate - | Consumer | Other | Total | ||||||||||||||||||||||||||
Grade | financial & | construction & | commercial & | residential | installment loans | ||||||||||||||||||||||||||||
agricultural | development | farmland | |||||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||||||
10 | $ | 65,033 | $ | — | $ | 278 | $ | 420 | $ | 7,028 | $ | — | $ | 72,759 | |||||||||||||||||||
15 | 20,668 | 5,080 | 147,355 | 56,464 | 1,243 | — | 230,810 | ||||||||||||||||||||||||||
20 | 89,216 | 37,765 | 421,669 | 142,186 | 19,691 | 20,627 | 731,154 | ||||||||||||||||||||||||||
23 | 97 | 7,085 | 10,054 | 13,275 | 218 | — | 30,729 | ||||||||||||||||||||||||||
25 | 60,407 | 72,942 | 183,371 | 109,604 | 7,034 | — | 433,358 | ||||||||||||||||||||||||||
30 | 3,019 | 2,264 | 12,089 | 11,427 | 153 | — | 28,952 | ||||||||||||||||||||||||||
40 | 6,326 | 7,141 | 24,333 | 22,534 | 936 | — | 61,270 | ||||||||||||||||||||||||||
50 | 225 | — | — | 10 | — | — | 235 | ||||||||||||||||||||||||||
60 | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
Total | $ | 244,991 | $ | 132,277 | $ | 799,149 | $ | 355,920 | $ | 36,303 | $ | 20,627 | $ | 1,589,267 | |||||||||||||||||||
The following table presents the purchased non-covered loan portfolio by risk grade as of September 30, 2014: | |||||||||||||||||||||||||||||||||
Risk | Commercial, | Real estate - | Real estate - | Real estate - | Consumer | Other | Total | ||||||||||||||||||||||||||
Grade | financial & | construction & | commercial & | residential | installment loans | ||||||||||||||||||||||||||||
agricultural | development | farmland | |||||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||||||
10 | $ | 3,187 | $ | — | $ | — | $ | 292 | $ | 486 | $ | — | $ | 3,965 | |||||||||||||||||||
15 | 5,023 | 447 | 14,136 | 15,336 | 519 | — | 35,461 | ||||||||||||||||||||||||||
20 | 11,230 | 12,345 | 90,915 | 64,178 | 2,034 | — | 180,702 | ||||||||||||||||||||||||||
23 | 8 | — | — | 1,208 | — | — | 1,216 | ||||||||||||||||||||||||||
25 | 16,467 | 38,426 | 167,458 | 175,313 | 2,065 | — | 399,729 | ||||||||||||||||||||||||||
30 | 1,494 | 2,164 | 9,300 | 7,071 | 19 | — | 20,048 | ||||||||||||||||||||||||||
40 | 668 | 6,880 | 14,981 | 9,915 | 121 | — | 32,565 | ||||||||||||||||||||||||||
50 | — | — | — | 34 | 4 | — | 38 | ||||||||||||||||||||||||||
60 | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
Total | $ | 38,077 | $ | 60,262 | $ | 296,790 | $ | 273,347 | $ | 5,248 | $ | — | $ | 673,724 | |||||||||||||||||||
The following table presents the purchased non-covered loan portfolio by risk grade as of December 31, 2013: | |||||||||||||||||||||||||||||||||
Risk | Commercial, | Real estate - | Real estate - | Real estate - | Consumer | Other | Total | ||||||||||||||||||||||||||
Grade | financial & | construction & | commercial & | residential | installment loans | ||||||||||||||||||||||||||||
agricultural | development | farmland | |||||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||||||
10 | $ | 1,865 | $ | — | $ | — | $ | 289 | $ | 451 | $ | — | $ | 2,605 | |||||||||||||||||||
15 | 4,606 | 7 | 12,998 | 16,160 | 703 | — | 34,474 | ||||||||||||||||||||||||||
20 | 5,172 | 3,960 | 43,802 | 34,576 | 1,383 | — | 88,893 | ||||||||||||||||||||||||||
23 | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
25 | 19,638 | 20,733 | 102,260 | 129,923 | 1,888 | — | 274,442 | ||||||||||||||||||||||||||
30 | 576 | 1,760 | 9,554 | 10,878 | 194 | — | 22,962 | ||||||||||||||||||||||||||
40 | 284 | 4,716 | 11,284 | 9,025 | 68 | — | 25,377 | ||||||||||||||||||||||||||
50 | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
60 | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
Total | $ | 32,141 | $ | 31,176 | $ | 179,898 | $ | 200,851 | $ | 4,687 | $ | — | $ | 448,753 | |||||||||||||||||||
There were no purchased non-covered loans as of September 30, 2013. | |||||||||||||||||||||||||||||||||
The following table presents the covered loan portfolio by risk grade as of September 30, 2014: | |||||||||||||||||||||||||||||||||
Risk | Commercial, | Real estate - | Real estate - | Real estate - | Consumer | Other | Total | ||||||||||||||||||||||||||
Grade | financial & | construction & | commercial & | residential | installment loans | ||||||||||||||||||||||||||||
agricultural | development | farmland | |||||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||||||
10 | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||||
15 | — | 2 | 795 | 531 | — | — | 1,328 | ||||||||||||||||||||||||||
20 | 1,302 | 3,380 | 33,200 | 15,957 | 71 | — | 53,910 | ||||||||||||||||||||||||||
23 | 145 | 547 | 14,640 | 5,815 | — | — | 21,147 | ||||||||||||||||||||||||||
25 | 5,687 | 11,725 | 89,201 | 35,344 | 41 | — | 141,998 | ||||||||||||||||||||||||||
30 | 4,827 | 3,006 | 8,808 | 8,649 | 43 | — | 25,333 | ||||||||||||||||||||||||||
40 | 10,584 | 9,096 | 33,922 | 16,149 | 122 | — | 69,873 | ||||||||||||||||||||||||||
50 | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
60 | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
Total | $ | 22,545 | $ | 27,756 | $ | 180,566 | $ | 82,445 | $ | 277 | $ | — | $ | 313,589 | |||||||||||||||||||
The following table presents the covered loan portfolio by risk grade as of December 31, 2013: | |||||||||||||||||||||||||||||||||
Risk | Commercial, | Real estate - | Real estate - | Real estate - | Consumer | Other | Total | ||||||||||||||||||||||||||
Grade | financial & | construction & | commercial & | residential | installment loans | ||||||||||||||||||||||||||||
agricultural | development | farmland | |||||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||||||
10 | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||||
15 | — | 16 | 1,048 | 638 | — | — | 1,702 | ||||||||||||||||||||||||||
20 | 2,184 | 8,549 | 34,674 | 21,363 | 193 | — | 66,963 | ||||||||||||||||||||||||||
23 | 134 | 1,085 | 17,037 | 4,748 | 51 | — | 23,055 | ||||||||||||||||||||||||||
25 | 7,508 | 9,611 | 101,657 | 38,427 | 235 | — | 157,438 | ||||||||||||||||||||||||||
30 | 5,125 | 2,006 | 21,297 | 6,979 | 17 | — | 35,424 | ||||||||||||||||||||||||||
40 | 11,599 | 21,912 | 48,738 | 23,018 | 388 | — | 105,655 | ||||||||||||||||||||||||||
50 | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
60 | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
Total | $ | 26,550 | $ | 43,179 | $ | 224,451 | $ | 95,173 | $ | 884 | $ | — | $ | 390,237 | |||||||||||||||||||
The following table presents the covered loan portfolio by risk grade as of September 30, 2013: | |||||||||||||||||||||||||||||||||
Risk | Commercial, | Real estate - | Real estate - | Real estate - | Consumer | Other | Total | ||||||||||||||||||||||||||
Grade | financial & | construction & | commercial & | residential | installment loans | ||||||||||||||||||||||||||||
agricultural | development | farmland | |||||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||||||
10 | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||||
15 | — | 22 | 1,098 | 641 | — | — | 1,761 | ||||||||||||||||||||||||||
20 | 2,697 | 11,347 | 34,252 | 22,545 | 208 | — | 71,049 | ||||||||||||||||||||||||||
23 | 135 | 1,080 | 16,708 | 2,902 | 51 | — | 20,876 | ||||||||||||||||||||||||||
25 | 7,609 | 7,360 | 108,886 | 39,632 | 250 | — | 163,737 | ||||||||||||||||||||||||||
30 | 1,485 | 5,505 | 24,790 | 9,196 | 14 | — | 40,990 | ||||||||||||||||||||||||||
40 | 15,842 | 25,388 | 51,352 | 26,230 | 424 | — | 119,236 | ||||||||||||||||||||||||||
50 | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
60 | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
Total | $ | 27,768 | $ | 50,702 | $ | 237,086 | $ | 101,146 | $ | 947 | $ | — | $ | 417,649 | |||||||||||||||||||
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 a 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 on 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 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 that 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 Senior 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 nine months of 2014 and 2013 totaling $8.0 million and $17.0 million, respectively, under such parameters. In addition, the Company offers consumer loan customers an annual skip-a-pay program that is based on certain qualifying parameters and not based on financial difficulties. The Company does not treat these as troubled debt restructurings. | |||||||||||||||||||||||||||||||||
As of September 30, 2014, December 31, 2013 and September 30, 2013, the Company had a balance of $20.5 million, $20.9 million and $20.2 million, respectively, in troubled debt restructurings, excluding purchased non-covered and covered loans. The Company has recorded $4.4 million, $2.1 million and $2.1 million in previous charge-offs on such loans at September 30, 2014, December 31, 2013 and September 30, 2013, respectively. The Company’s balance in the allowance for loan losses allocated to such troubled debt restructurings was $2.2 million, $2.1 million and $1.7 million at September 30, 2014, December 31, 2013 and September 30, 2013, respectively. At September 30, 2014, the Company did not have any commitments to lend additional funds to debtors whose terms have been modified in troubled restructurings. | |||||||||||||||||||||||||||||||||
During the three and nine month periods ending September 30, 2014, the Company modified loans as troubled debt restructurings with principal balances of $763,000 and $2.4 million, respectively. These modifications impacted the Company’s allowance for loan losses by $49,000 and $203,000, respectively, for the three and nine month periods ended September 30, 2014. Troubled debt restructurings with an outstanding balance of $528,000 at June 30, 2014 defaulted during the three months ended September 30, 2014 and these defaults did not have a material impact on the Company’s allowance for loan loss. Troubled debt restructurings with an outstanding balance of $1.3 million at December 31, 2013 defaulted during the first nine months of 2014 and these defaults did not have a material impact on the Company’s allowance for loan loss. | |||||||||||||||||||||||||||||||||
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 non-accrual at September 30, 2014, December 31, 2013 and September 30, 2013: | |||||||||||||||||||||||||||||||||
As of September 30, 2014 | Accruing Loans | Non-Accruing Loans | |||||||||||||||||||||||||||||||
Loan class: | # | Balance | # | Balance | |||||||||||||||||||||||||||||
(in thousands) | (in thousands) | ||||||||||||||||||||||||||||||||
Commercial, financial & agricultural | 4 | $ | 257 | 4 | $ | 507 | |||||||||||||||||||||||||||
Real estate – construction & development | 11 | 1,917 | 4 | 196 | |||||||||||||||||||||||||||||
Real estate – commercial & farmland | 21 | 7,080 | 2 | 1,672 | |||||||||||||||||||||||||||||
Real estate – residential | 43 | 7,973 | 10 | 759 | |||||||||||||||||||||||||||||
Consumer installment | 9 | 34 | 12 | 93 | |||||||||||||||||||||||||||||
Total | 88 | $ | 17,261 | 32 | $ | 3,227 | |||||||||||||||||||||||||||
As of December 31, 2013 | Accruing Loans | Non-Accruing Loans | |||||||||||||||||||||||||||||||
Loan class: | # | Balance | # | Balance | |||||||||||||||||||||||||||||
(in thousands) | (in thousands) | ||||||||||||||||||||||||||||||||
Commercial, financial & agricultural | 4 | $ | 515 | 3 | $ | 525 | |||||||||||||||||||||||||||
Real estate – construction & development | 8 | 1,896 | 2 | 32 | |||||||||||||||||||||||||||||
Real estate – commercial & farmland | 17 | 6,913 | 4 | 2,273 | |||||||||||||||||||||||||||||
Real estate – residential | 37 | 7,818 | 8 | 834 | |||||||||||||||||||||||||||||
Consumer installment | 6 | 72 | 3 | 19 | |||||||||||||||||||||||||||||
Total | 72 | $ | 17,214 | 20 | $ | 3,683 | |||||||||||||||||||||||||||
As of September 30, 2013 | Accruing Loans | Non-Accruing Loans | |||||||||||||||||||||||||||||||
Loan class: | # | Balance | # | Balance | |||||||||||||||||||||||||||||
(in thousands) | (in thousands) | ||||||||||||||||||||||||||||||||
Commercial, financial & agricultural | 4 | $ | 521 | 3 | $ | 533 | |||||||||||||||||||||||||||
Real estate – construction & development | 8 | 1,926 | 1 | 29 | |||||||||||||||||||||||||||||
Real estate – commercial & farmland | 16 | 6,693 | 3 | 1,858 | |||||||||||||||||||||||||||||
Real estate – residential | 35 | 7,871 | 7 | 704 | |||||||||||||||||||||||||||||
Consumer installment | 1 | 13 | 2 | 26 | |||||||||||||||||||||||||||||
Total | 64 | $ | 17,024 | 16 | $ | 3,150 | |||||||||||||||||||||||||||
As of September 30, 2014, the Company had a balance of $583,000 in troubled debt restructurings included in purchased non-covered loans. The Company did not have any troubled debt restructurings included in purchased non-covered loans as of December 31, 2013 and September 30, 2013. The Company has not recorded any previous charge-offs on such loans at September 30, 2014. At September 30, 2014, the Company did not have any commitments to lend additional funds to debtors whose terms have been modified in troubled restructurings. | |||||||||||||||||||||||||||||||||
The following table presents the amount of troubled debt restructurings by loan class of purchased non-covered loans, classified separately as accrual and non-accrual at September 30, 2014: | |||||||||||||||||||||||||||||||||
As of September 30, 2014 | Accruing Loans | Non-Accruing Loans | |||||||||||||||||||||||||||||||
Loan class: | # | Balance | # | Balance | |||||||||||||||||||||||||||||
(in thousands) | (in thousands) | ||||||||||||||||||||||||||||||||
Commercial, financial & agricultural | — | $ | — | — | $ | — | |||||||||||||||||||||||||||
Real estate – construction & development | 1 | 305 | — | — | |||||||||||||||||||||||||||||
Real estate – commercial & farmland | — | — | — | — | |||||||||||||||||||||||||||||
Real estate – residential | 4 | 275 | 2 | 247 | |||||||||||||||||||||||||||||
Consumer installment | 1 | 3 | — | — | |||||||||||||||||||||||||||||
Total | 6 | $ | 583 | 2 | $ | 247 | |||||||||||||||||||||||||||
As of September 30, 2014, December 31, 2013 and September 30, 2013, the Company had a balance of $25.0 million, $27.3 million and $28.4 million, respectively, in troubled debt restructurings included in covered loans. The Company has recorded $2.1 million, $1.6 million and $3.7 million in previous charge-offs on such loans at September 30, 2014, December 31, 2013 and September 30, 2013, respectively. At September 30, 2014, the Company did not have any commitments to lend additional funds to debtors whose terms have been modified in troubled restructurings. | |||||||||||||||||||||||||||||||||
The following table presents the amount of troubled debt restructurings by loan class of covered loans, classified separately as accrual and non-accrual at September 30, 2014, December 31, 2013 and September 30, 2013: | |||||||||||||||||||||||||||||||||
As of September 30, 2014 | Accruing Loans | Non-Accruing Loans | |||||||||||||||||||||||||||||||
Loan class: | # | Balance | # | Balance | |||||||||||||||||||||||||||||
(in thousands) | (in thousands) | ||||||||||||||||||||||||||||||||
Commercial, financial & agricultural | 1 | $ | 26 | 1 | $ | 3 | |||||||||||||||||||||||||||
Real estate – construction & development | 3 | 3,024 | 3 | 56 | |||||||||||||||||||||||||||||
Real estate – commercial & farmland | 15 | 8,501 | 6 | 1,225 | |||||||||||||||||||||||||||||
Real estate – residential | 94 | 11,202 | 13 | 965 | |||||||||||||||||||||||||||||
Consumer installment | 1 | 4 | — | — | |||||||||||||||||||||||||||||
Total | 114 | $ | 22,757 | 23 | $ | 2,249 | |||||||||||||||||||||||||||
As of December 31, 2013 | Accruing Loans | Non-Accruing Loans | |||||||||||||||||||||||||||||||
Loan class: | # | Balance | # | Balance | |||||||||||||||||||||||||||||
(in thousands) | (in thousands) | ||||||||||||||||||||||||||||||||
Commercial, financial & agricultural | 1 | $ | 13 | 5 | $ | 71 | |||||||||||||||||||||||||||
Real estate – construction & development | 3 | 3,256 | 4 | 52 | |||||||||||||||||||||||||||||
Real estate – commercial & farmland | 13 | 7,255 | 5 | 3,946 | |||||||||||||||||||||||||||||
Real estate – residential | 83 | 11,719 | 8 | 942 | |||||||||||||||||||||||||||||
Consumer installment | — | — | 2 | 10 | |||||||||||||||||||||||||||||
Total | 100 | $ | 22,243 | 24 | $ | 5,021 | |||||||||||||||||||||||||||
As of September 30, 2013 | Accruing Loans | Non-Accruing Loans | |||||||||||||||||||||||||||||||
Loan class: | # | Balance | # | Balance | |||||||||||||||||||||||||||||
(in thousands) | (in thousands) | ||||||||||||||||||||||||||||||||
Commercial, financial & agricultural | 1 | $ | 12 | 3 | $ | 40 | |||||||||||||||||||||||||||
Real estate – construction & development | 5 | 4,308 | 4 | 690 | |||||||||||||||||||||||||||||
Real estate – commercial & farmland | 11 | 6,200 | 7 | 4,805 | |||||||||||||||||||||||||||||
Real estate – residential | 79 | 10,461 | 11 | 1,874 | |||||||||||||||||||||||||||||
Consumer installment | — | — | 1 | 5 | |||||||||||||||||||||||||||||
Total | 96 | $ | 20,981 | 26 | $ | 7,414 | |||||||||||||||||||||||||||
Allowance for Loan Losses | |||||||||||||||||||||||||||||||||
The allowance for loan losses represents an allowance for probable incurred losses in the loan portfolio. The adequacy of the allowance for loan losses is evaluated periodically based on a review of all significant loans, with a particular emphasis on non-accruing, past due and other loans that management believes might be potentially impaired or warrant additional attention. The Company segregates the loan portfolio by type of loan and utilizes this segregation in evaluating exposure to risks within the portfolio. In addition, based on internal reviews and external reviews performed by independent auditors and regulatory authorities, the Company further segregates the loan portfolio by loan grades based on an assessment of risk for a particular loan or group of loans. Certain reviewed loans are assigned specific allowances when a review of relevant data determines that a general allocation is not sufficient or when the review affords management the opportunity to adjust the amount of exposure in a given credit. In establishing allowances, management considers historical loan loss experience but adjusts this data with a significant emphasis on current loan quality trends, current economic conditions and other factors in the markets where the Company operates. Factors considered include, among others, current valuations of real estate in the Company’s markets, unemployment rates, the effect of weather conditions on agricultural related entities and other significant local economic events. | |||||||||||||||||||||||||||||||||
The Company has developed a methodology for determining the adequacy of the allowance for loan losses which is monitored by the Company’s Chief Credit Officer. Procedures provide for the assignment of a risk rating for every loan included in the total loan portfolio, with the exception of certain mortgage loans serviced at a third party, mortgage warehouse lines and overdraft protection loans which are treated as pools for risk rating purposes. The risk rating schedule provides nine ratings of which five ratings are classified as pass ratings and four ratings are classified as criticized ratings. Each risk rating is assigned a percentage factor to be applied to the loan balance to determine the adequate amount of reserve. All relationships greater than $1.0 million and the majority of relationships greater than $250,000 are reviewed annually by the Bank’s independent internal loan review department or an independent third party loan review firm. As a result of these loan reviews, certain loans may be identified as having deteriorating credit quality. Other loans that surface as problem loans may also be assigned specific reserves. Past due loans are assigned risk ratings based on the number of days past due. The calculation of the allowance for loan losses, including underlying data and assumptions, is reviewed regularly by the Company’s Chief Financial Officer and the independent internal loan review department. | |||||||||||||||||||||||||||||||||
Loan losses are charged against the allowance when management believes the collection of a loan’s principal is unlikely. Subsequent recoveries are credited to the allowance. Consumer loans are charged-off in accordance with the Federal Financial Institutions Examination Council’s (“FFIEC”) Uniform Retail Credit Classification and Account Management Policy. Commercial loans are charged-off when they are deemed uncollectible, which usually involves a triggering event within the collection effort. If the loan is collateral dependent, the loss is more easily identified and is charged-off when it is identified, usually based upon receipt of an appraisal. However, when a loan has guarantor support, the Company may carry the estimated loss as a reserve against the loan while collection efforts with the guarantor are pursued. If, after collection efforts with the guarantor are complete, the deficiency is still considered uncollectible, the loss is charged-off and any further collections are treated as recoveries. In all situations, when a loan is downgraded to an Asset Quality Rating of 60 (Loss per the regulatory guidance), the uncollectible portion is charged-off. | |||||||||||||||||||||||||||||||||
During the nine months ended September 30, 2014, the year ended December 31, 2013 and the nine months ended September 30, 2013, the Company recorded provision for loan loss expense of $685,000, $1.5 million and $1.3 million, respectively, to account for losses where the initial estimate of cash flows was found to be excessive on loans acquired in FDIC-assisted transactions. During the nine months ended September 30, 2014, the Company recorded provision for loan loss expense of $4,000 to account for losses where the initial estimate of cash flows was found to be excessive on purchased, non-covered loans. Charge-offs on purchased loans, both covered and non-covered, are recorded when impairment is recorded. Provision expense for covered loans is recorded net of the indemnification by the FDIC loss-share agreements. | |||||||||||||||||||||||||||||||||
The following table details activity in the allowance for loan losses by portfolio segment for the periods indicated. 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–residential | Consumer | Purchased | Covered | Total | ||||||||||||||||||||||||||
financial & | construction & | commercial & | installment | non-covered | loans | ||||||||||||||||||||||||||||
agricultural | development | farmland | loans and | loans | |||||||||||||||||||||||||||||
Other | |||||||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||||||
Three months ended September 30, 2014: | |||||||||||||||||||||||||||||||||
Balance, June 30, 2014 | $ | 2,185 | $ | 5,431 | $ | 8,317 | $ | 5,166 | $ | 1,155 | $ | — | $ | — | $ | 22,254 | |||||||||||||||||
Provision for loan losses | 540 | 63 | 1,237 | 595 | (862 | ) | 4 | 92 | 1,669 | ||||||||||||||||||||||||
Loans charged off | (191 | ) | (296 | ) | (953 | ) | (406 | ) | (129 | ) | (4 | ) | (376 | ) | (2,355 | ) | |||||||||||||||||
Recoveries of loans previously charged off | 47 | 96 | 31 | 52 | 134 | — | 284 | 644 | |||||||||||||||||||||||||
Balance, September 30, 2014 | $ | 2,581 | $ | 5,294 | $ | 8,632 | $ | 5,407 | $ | 298 | $ | — | $ | — | $ | 22,212 | |||||||||||||||||
Nine months ended September 30, 2014: | |||||||||||||||||||||||||||||||||
Balance, January 1, 2014 | $ | 1,823 | $ | 5,538 | $ | 8,393 | $ | 6,034 | $ | 589 | $ | — | $ | — | $ | 22,377 | |||||||||||||||||
Provision for loan losses | 1,627 | (26 | ) | 2,311 | 529 | (370 | ) | 4 | 685 | 4,760 | |||||||||||||||||||||||
Loans charged off | (1,099 | ) | (518 | ) | (2,255 | ) | (1,339 | ) | (343 | ) | (4 | ) | (1,514 | ) | (7,072 | ) | |||||||||||||||||
Recoveries of loans previously charged off | 230 | 300 | 183 | 183 | 422 | — | 829 | 2,147 | |||||||||||||||||||||||||
Balance, September 30, 2014 | $ | 2,581 | $ | 5,294 | $ | 8,632 | $ | 5,407 | $ | 298 | $ | — | $ | — | $ | 22,212 | |||||||||||||||||
Period-end amount allocated to: | |||||||||||||||||||||||||||||||||
Loans individually evaluated for impairment | $ | 611 | $ | 540 | $ | 1,682 | $ | 1,272 | $ | — | $ | — | $ | — | $ | 4,105 | |||||||||||||||||
Loans collectively evaluated for impairment | 1,970 | 4,754 | 6,950 | 4,135 | 298 | — | — | 18,107 | |||||||||||||||||||||||||
Ending balance | $ | 2,581 | $ | 5,294 | $ | 8,632 | $ | 5,407 | $ | 298 | $ | — | $ | — | $ | 22,212 | |||||||||||||||||
Loans: | |||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 1,549 | $ | 3,078 | $ | 17,129 | $ | 11,860 | $ | — | $ | — | $ | — | $ | 33,616 | |||||||||||||||||
Collectively evaluated for impairment | 333,234 | 151,237 | 865,031 | 424,655 | 40,986 | 581,723 | 142,128 | 2,538,994 | |||||||||||||||||||||||||
Acquired with deteriorated credit quality | — | — | — | — | — | 92,001 | 171,461 | 263,462 | |||||||||||||||||||||||||
Ending balance | $ | 334,783 | $ | 154,315 | $ | 882,160 | $ | 436,515 | $ | 40,986 | $ | 673,724 | $ | 313,589 | $ | 2,836,072 | |||||||||||||||||
Commercial, | Real estate – | Real estate – | Real estate – | Consumer | Purchased | Covered | Total | ||||||||||||||||||||||||||
financial & | construction & | commercial & | residential | installment | non-covered | loans | |||||||||||||||||||||||||||
agricultural | development | farmland | loans and | loans | |||||||||||||||||||||||||||||
Other | |||||||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||||||
Twelve months ended December 31, 2013: | |||||||||||||||||||||||||||||||||
Balance, January 1, 2013 | $ | 2,439 | $ | 5,343 | $ | 9,157 | $ | 5,898 | $ | 756 | $ | — | $ | — | $ | 23,593 | |||||||||||||||||
Provision for loan losses | 711 | 1,742 | 2,777 | 4,463 | 254 | — | 1,539 | 11,486 | |||||||||||||||||||||||||
Loans charged off | (1,759 | ) | (2,020 | ) | (3,571 | ) | (5,215 | ) | (719 | ) | — | (1,539 | ) | (14,823 | ) | ||||||||||||||||||
Recoveries of loans previously charged off | 432 | 473 | 30 | 888 | 298 | — | — | 2,121 | |||||||||||||||||||||||||
Balance, December 31, 2013 | $ | 1,823 | $ | 5,538 | $ | 8,393 | $ | 6,034 | $ | 589 | $ | — | $ | — | $ | 22,377 | |||||||||||||||||
Period-end amount allocated to: | |||||||||||||||||||||||||||||||||
Loans individually evaluated for impairment | $ | 356 | $ | 407 | $ | 1,427 | $ | 1,395 | $ | — | $ | — | $ | — | $ | 3,585 | |||||||||||||||||
Loans collectively evaluated for impairment | 1,467 | 5,131 | 6,966 | 4,639 | 589 | — | — | 18,792 | |||||||||||||||||||||||||
Ending balance | $ | 1,823 | $ | 5,538 | $ | 8,393 | $ | 6,034 | $ | 589 | $ | — | $ | — | $ | 22,377 | |||||||||||||||||
Loans: | |||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 3,457 | $ | 3,581 | $ | 15,240 | $ | 16,925 | $ | — | $ | — | $ | — | $ | 39,203 | |||||||||||||||||
Collectively evaluated for impairment | 240,916 | 142,790 | 793,083 | 349,957 | 52,505 | 381,588 | 173,190 | 2,134,029 | |||||||||||||||||||||||||
Acquired with deteriorated credit quality | — | — | — | — | — | 67,165 | 217,047 | 284,212 | |||||||||||||||||||||||||
Ending balance | $ | 244,373 | $ | 146,371 | $ | 808,323 | $ | 366,882 | $ | 52,505 | $ | 448,753 | $ | 390,237 | $ | 2,457,444 | |||||||||||||||||
Commercial, | Real estate – | Real estate – | Real estate – | Consumer | Purchased | Covered | Total | ||||||||||||||||||||||||||
financial & | construction & | commercial & | residential | installment | non- | loans | |||||||||||||||||||||||||||
agricultural | development | farmland | loans and | covered | |||||||||||||||||||||||||||||
Other | loans | ||||||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||||||
Three months ended September 30, 2013: | |||||||||||||||||||||||||||||||||
Balance, June 30, 2013 | $ | 2,951 | $ | 5,642 | $ | 8,797 | $ | 6,360 | $ | 467 | $ | — | $ | — | $ | 24,217 | |||||||||||||||||
Provision for loan losses | (107 | ) | 601 | 1,212 | 626 | 117 | — | 471 | 2,920 | ||||||||||||||||||||||||
Loans charged off | (482 | ) | (367 | ) | (1,080 | ) | (1,323 | ) | (205 | ) | — | (471 | ) | (3,928 | ) | ||||||||||||||||||
Recoveries of loans previously charged off | 212 | 84 | 5 | 291 | 53 | — | — | 645 | |||||||||||||||||||||||||
Balance, September 30, 2013 | $ | 2,574 | $ | 5,960 | $ | 8,934 | $ | 5,954 | $ | 432 | $ | — | $ | — | $ | 23,854 | |||||||||||||||||
Nine months ended September 30, 2013: | |||||||||||||||||||||||||||||||||
Balance, January 1, 2013 | $ | 2,439 | $ | 5,343 | $ | 9,157 | $ | 5,898 | $ | 756 | $ | — | $ | — | $ | 23,593 | |||||||||||||||||
Provision for loan losses | 1,011 | 2,127 | 2,632 | 2,966 | 11 | — | 1,261 | 10,008 | |||||||||||||||||||||||||
Loans charged off | (1,216 | ) | (1,598 | ) | (2,873 | ) | (3,430 | ) | (576 | ) | — | (1,261 | ) | (10,954 | ) | ||||||||||||||||||
Recoveries of loans previously charged off | 340 | 88 | 18 | 520 | 241 | — | — | 1,207 | |||||||||||||||||||||||||
Balance, September 30, 2013 | $ | 2,574 | $ | 5,960 | $ | 8,934 | $ | 5,954 | $ | 432 | $ | — | $ | — | $ | 23,854 | |||||||||||||||||
Period-end amount allocated to: | |||||||||||||||||||||||||||||||||
Loans individually evaluated for impairment | $ | 741 | $ | 682 | $ | 1,997 | $ | 1,429 | $ | — | $ | — | $ | — | $ | 4,849 | |||||||||||||||||
Loans collectively evaluated for impairment | 1,833 | 5,278 | 6,937 | 4,525 | 432 | — | — | 19,005 | |||||||||||||||||||||||||
Ending balance | $ | 2,574 | $ | 5,960 | $ | 8,934 | $ | 5,954 | $ | 432 | $ | — | $ | — | $ | 23,854 | |||||||||||||||||
Loans: | |||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 3,657 | $ | 3,524 | $ | 14,605 | $ | 16,919 | $ | — | $ | — | $ | — | $ | 38,705 | |||||||||||||||||
Collectively evaluated for impairment | 241,334 | 128,753 | 784,544 | 339,001 | 56,930 | — | 186,060 | 1,736,622 | |||||||||||||||||||||||||
Acquired with deteriorated credit quality | — | — | — | — | — | — | 231,589 | 231,589 | |||||||||||||||||||||||||
Ending balance | $ | 244,991 | $ | 132,277 | $ | 799,149 | $ | 355,920 | $ | 56,930 | $ | — | $ | 417,649 | $ | 2,006,916 | |||||||||||||||||
Assets_Acquired_in_FDICAssiste
Assets Acquired in FDIC-Assisted Acquisitions | 9 Months Ended | ||||||||||||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||||||||||||
Banking and Thrift [Abstract] | ' | ||||||||||||||||||||||||||||||||
Assets Acquired in FDIC-Assisted Acquisitions | ' | ||||||||||||||||||||||||||||||||
NOTE 5 – ASSETS ACQUIRED IN FDIC-ASSISTED ACQUISITIONS | |||||||||||||||||||||||||||||||||
From October 2009 through July 2012, the Company participated in ten FDIC-assisted acquisitions whereby the Company purchased certain failed institutions out of the FDIC’s receivership. These institutions include the following: | |||||||||||||||||||||||||||||||||
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 (“ASC 310”), applies to a loan with evidence of deterioration of credit quality since origination, acquired by completion of a transfer for which it is probable, at acquisition, that the investor will be unable to collect all contractually required payments receivable. ASC 310 prohibits carrying over or creating an allowance for loan losses upon initial recognition for loans which fall under the scope of this statement. At the acquisition dates, a majority of these loans were valued based on the liquidation value of the underlying collateral because the future cash flows are primarily based on the liquidation of underlying collateral. There was no allowance for credit losses established related to these ASC 310 loans at the acquisition dates, based on the provisions of this statement. Over the life of the acquired loans, the Company continues to estimate cash flows expected to be collected. If the expected cash flows expected to be collected increases, then the Company adjusts the amount of accretable discount recognized on a prospective basis over the loan’s remaining life. If the expected cash flows expected to be collected decreases, then the Company records a provision for loan loss in its consolidated statement of operations. | |||||||||||||||||||||||||||||||||
At September 30, 2014, the Company’s FDIC loss-sharing receivable totaled $38.2 million, which is comprised of $21.5 million in indemnification asset (for reimbursements associated with anticipated losses in future quarters) and $16.7 million in current charge-offs and expenses already incurred but not yet submitted for reimbursement. | |||||||||||||||||||||||||||||||||
The following table summarizes components of all covered assets at September 30, 2014, December 31, 2013 and September 30, 2013 and their origin: | |||||||||||||||||||||||||||||||||
Covered loans | Less: Fair | Total | OREO | Less: Fair | Total | Total | FDIC | ||||||||||||||||||||||||||
value | covered | value | covered | covered | loss-share | ||||||||||||||||||||||||||||
adjustments | loans | adjustments | OREO | assets | receivable | ||||||||||||||||||||||||||||
As of September 30, 2014: | |||||||||||||||||||||||||||||||||
AUB | $ | 8,902 | $ | — | $ | 8.902 | $ | 666 | $ | — | $ | 666 | $ | 9,568 | $ | 882 | |||||||||||||||||
USB | 13,576 | 351 | 13,225 | 2,134 | 48 | 2,086 | 15,311 | (439 | ) | ||||||||||||||||||||||||
SCB | 28,534 | 789 | 27,745 | 2,665 | 308 | 2,357 | 30,102 | 1,855 | |||||||||||||||||||||||||
FBJ | 22,421 | 2,346 | 20,075 | 1,578 | 90 | 1,488 | 21,563 | 2,138 | |||||||||||||||||||||||||
DBT | 75,683 | 8,531 | 67,152 | 9,804 | 1,024 | 8,780 | 75,932 | 9,337 | |||||||||||||||||||||||||
TBC | 25,577 | 1,465 | 24,112 | 3,552 | 394 | 3,158 | 27,270 | 2,542 | |||||||||||||||||||||||||
HTB | 54,317 | 5,761 | 48,556 | 3,477 | 1,239 | 2,238 | 50,794 | 7,152 | |||||||||||||||||||||||||
OGB | 48,889 | 4,160 | 44,729 | 2,244 | 39 | 2,205 | 46,934 | 5,803 | |||||||||||||||||||||||||
CBG | 67,273 | 8,180 | 59,093 | 7,195 | 1,290 | 5,905 | 64,998 | 8,963 | |||||||||||||||||||||||||
Total | $ | 345,172 | $ | 31,583 | $ | 313,589 | $ | 33,315 | $ | 4,432 | $ | 28,883 | $ | 342,472 | $ | 38,233 | |||||||||||||||||
Covered loans | Less: Fair | Total | OREO | Less: Fair | Total | Total | FDIC | ||||||||||||||||||||||||||
value | covered | value | covered | covered | loss-share | ||||||||||||||||||||||||||||
adjustments | loans | adjustments | OREO | assets | receivable | ||||||||||||||||||||||||||||
As of December 31, 2013: | |||||||||||||||||||||||||||||||||
AUB | $ | 15,787 | $ | 231 | $ | 15,556 | $ | 4,264 | $ | — | $ | 4,264 | $ | 19,820 | $ | 1,452 | |||||||||||||||||
USB | 18,504 | 1,427 | 17,077 | 2,865 | 141 | 2,724 | 19,801 | 889 | |||||||||||||||||||||||||
SCB | 34,637 | 1,483 | 33,154 | 3,461 | 303 | 3,158 | 36,312 | 3,175 | |||||||||||||||||||||||||
FBJ | 25,891 | 3,730 | 22,161 | 1,880 | 242 | 1,638 | 23,799 | 3,689 | |||||||||||||||||||||||||
DBT | 105,157 | 17,819 | 87,338 | 17,023 | 1,282 | 15,741 | 103,079 | 18,724 | |||||||||||||||||||||||||
TBC | 32,590 | 2,354 | 30,236 | 4,844 | 745 | 4,099 | 34,335 | 3,721 | |||||||||||||||||||||||||
HTB | 67,126 | 7,359 | 59,767 | 6,374 | 2,304 | 4,070 | 63,837 | 9,325 | |||||||||||||||||||||||||
OGB | 58,512 | 5,067 | 53,445 | 7,506 | 2,984 | 4,522 | 57,967 | 9,645 | |||||||||||||||||||||||||
CBG | 85,118 | 13,615 | 71,503 | 7,610 | 1,933 | 5,677 | 77,180 | 14,821 | |||||||||||||||||||||||||
Total | $ | 443,322 | $ | 53,085 | $ | 390,237 | $ | 55,827 | $ | 9,934 | $ | 45,893 | $ | 436,130 | $ | 65,441 | |||||||||||||||||
Covered loans | Less: Fair | Total | OREO | Less: Fair | Total | Total | FDIC loss-share | ||||||||||||||||||||||||||
value | covered | value | covered | covered | receivable | ||||||||||||||||||||||||||||
adjustments | loans | adjustments | OREO | assets | |||||||||||||||||||||||||||||
As of September 30, 2013: | |||||||||||||||||||||||||||||||||
AUB | $ | 19,336 | $ | 915 | $ | 18,421 | $ | 3,338 | $ | 3 | $ | 3,335 | $ | 21,756 | $ | 3,704 | |||||||||||||||||
USB | 21,168 | 1,665 | 19,503 | 3,066 | 139 | 2,927 | 22,430 | 2,796 | |||||||||||||||||||||||||
SCB | 35,555 | 1,902 | 33,653 | 5,348 | 429 | 4,919 | 38,572 | 4,020 | |||||||||||||||||||||||||
FBJ | 27,222 | 3,965 | 23,257 | 1,582 | 170 | 1,412 | 24,669 | 4,990 | |||||||||||||||||||||||||
DBT | 116,685 | 21,739 | 94,946 | 19,720 | 1,639 | 18,081 | 113,027 | 23,955 | |||||||||||||||||||||||||
TBC | 35,588 | 2,573 | 33,015 | 5,912 | 843 | 5,069 | 38,084 | 4,315 | |||||||||||||||||||||||||
HTB | 70,156 | 8,273 | 61,883 | 6,998 | 2,445 | 4,553 | 66,436 | 11,065 | |||||||||||||||||||||||||
OGB | 63,794 | 6,766 | 57,028 | 9,921 | 3,918 | 6,003 | 63,031 | 9,458 | |||||||||||||||||||||||||
CBG | 92,755 | 16,812 | 75,943 | 8,299 | 2,046 | 6,253 | 82,196 | 17,460 | |||||||||||||||||||||||||
Total | $ | 482,259 | $ | 64,610 | $ | 417,649 | $ | 64,184 | $ | 11,632 | $ | 52,552 | $ | 470,201 | $ | 81,763 | |||||||||||||||||
On the dates of acquisition, the Company estimated the future cash flows on each individual loan and made the necessary adjustments to reflect the asset at fair value. At each quarter end subsequent to the acquisition dates, the Company revises the estimates of future cash flows based on current information and makes the necessary adjustments to carrying value. Amounts reflected in the Company’s statement of earnings are net of indemnification provided under loss share agreements with the FDIC. The adjustments are performed on a loan-by-loan basis and have resulted in the following adjustments for the nine months ended September 30, 2014, the year ended December 31, 2013 and the nine months ended September 30, 2013: | |||||||||||||||||||||||||||||||||
Total Amounts | September 30, | December 31, | September 30, | ||||||||||||||||||||||||||||||
2014 | 2013 | 2013 | |||||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||||||
Adjustments needed where the Company’s initial estimate of cash flows were underestimated: (recorded with a reclassification from non-accretable difference to accretable discount to be accreted into income over remaining term of the loan) | $ | 16,070 | $ | 51,003 | $ | 50,703 | |||||||||||||||||||||||||||
Adjustments needed where the Company’s initial estimate of cash flows were overstated: (recorded through a provision for loan losses) | 3,425 | 7,695 | 6,305 | ||||||||||||||||||||||||||||||
Amounts reflected in the Company’s Statement of Operations | September 30, | December 31, | September 30, | ||||||||||||||||||||||||||||||
2014 | 2013 | 2013 | |||||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||||||
Adjustments needed where the Company’s initial estimate of cash flows were underestimated: (recorded with a reclassification from non-accretable difference to accretable discount to be accreted into income over remaining term of the loan) | $ | 3,214 | $ | 10,201 | $ | 10,141 | |||||||||||||||||||||||||||
Adjustments needed where the Company’s initial estimate of cash flows were overstated: (recorded through a provision for loan losses) | 685 | 1,539 | 1,261 | ||||||||||||||||||||||||||||||
A rollforward of covered loans with deterioration of credit quality for the nine months ended September 30, 2014, the year ended December 31, 2013 and the nine months ended September 30, 2013 is shown below: | |||||||||||||||||||||||||||||||||
(Dollars in Thousands) | September 30, | December 31, | September 30, | ||||||||||||||||||||||||||||||
2014 | 2013 | 2013 | |||||||||||||||||||||||||||||||
Balance, January 1 | $ | 217,047 | $ | 282,737 | $ | 282,737 | |||||||||||||||||||||||||||
Charge-offs, net of recoveries | (8,099 | ) | (35,306 | ) | (30,371 | ) | |||||||||||||||||||||||||||
Additions due to acquisitions | — | — | — | ||||||||||||||||||||||||||||||
Other (loan payments, transfers, etc.) | (37,487 | ) | (30,384 | ) | (20,777 | ) | |||||||||||||||||||||||||||
Ending balance | $ | 171,461 | $ | 217,047 | $ | 231,589 | |||||||||||||||||||||||||||
A rollforward of covered loans without deterioration of credit quality for the nine months ended September 30, 2014, the year ended December 31, 2013 and the nine months ended September 30, 2013 is shown below: | |||||||||||||||||||||||||||||||||
(Dollars in Thousands) | September 30, | December 31, | September 30, | ||||||||||||||||||||||||||||||
2014 | 2013 | 2013 | |||||||||||||||||||||||||||||||
Balance, January 1 | $ | 173,190 | $ | 228,602 | $ | 228,602 | |||||||||||||||||||||||||||
Additions due to acquisitions | — | — | — | ||||||||||||||||||||||||||||||
Loan payments, transfers, etc. | (31,062 | ) | (55,412 | ) | (42,316 | ) | |||||||||||||||||||||||||||
Ending balance | $ | 142,128 | $ | 173,190 | $ | 186,286 | |||||||||||||||||||||||||||
The following is a summary of changes in the accretable discounts of covered loans during the nine months ended September 30, 2014, the year ended December 31, 2013 and the nine months ended September 30, 2013: | |||||||||||||||||||||||||||||||||
(Dollars in Thousands) | September 30, | December 31, | September 30, | ||||||||||||||||||||||||||||||
2014 | 2013 | 2013 | |||||||||||||||||||||||||||||||
Balance, January 1 | $ | 25,493 | $ | 16,698 | $ | 16,698 | |||||||||||||||||||||||||||
Additions due to acquisitions | — | — | — | ||||||||||||||||||||||||||||||
Accretion | (20,822 | ) | (42,208 | ) | (36,552 | ) | |||||||||||||||||||||||||||
Other activity, net | 16,070 | 51,003 | 50,703 | ||||||||||||||||||||||||||||||
Ending balance | $ | 20,741 | $ | 25,493 | $ | 30,849 | |||||||||||||||||||||||||||
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 September 30, 2014, December 31, 2013 and September 30, 2013, the Company has recorded a clawback liability of $5.9 million, $5.0 million and $5.0 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. Changes in the FDIC shared-loss receivable for the nine months ended September 30, 2014, for the year ended December 31, 2013 and for the nine months ended September 30, 2013 are as follows: | |||||||||||||||||||||||||||||||||
(Dollars in Thousands) | September 30, | December 31, | September 30, | ||||||||||||||||||||||||||||||
2014 | 2013 | 2013 | |||||||||||||||||||||||||||||||
Balance, January 1 | $ | 65,441 | $ | 159,724 | $ | 159,724 | |||||||||||||||||||||||||||
Indemnification asset recorded in acquisitions | — | — | — | ||||||||||||||||||||||||||||||
Payments received from FDIC | (18,509 | ) | (68,822 | ) | (58,240 | ) | |||||||||||||||||||||||||||
Effect of change in expected cash flows on covered assets | (8,699 | ) | (25,461 | ) | (19,721 | ) | |||||||||||||||||||||||||||
Ending balance | $ | 38,233 | $ | 65,441 | $ | 81,763 |
WEIGHTED_AVERAGE_SHARES_OUTSTA
WEIGHTED AVERAGE SHARES OUTSTANDING | 9 Months Ended | ||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||||||
WEIGHTED AVERAGE SHARES OUTSTANDING | ' | ||||||||||||||||
NOTE 6 – WEIGHTED AVERAGE SHARES OUTSTANDING | |||||||||||||||||
Earnings per share have been computed based on the following weighted average number of common shares outstanding: | |||||||||||||||||
For the Three Months | For the Nine Months | ||||||||||||||||
Ended September 30, | Ended September 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
(Share Data in | (Share Data in | ||||||||||||||||
Thousands) | Thousands) | ||||||||||||||||
Basic shares outstanding | 26,773 | 23,901 | 25,705 | 23,883 | |||||||||||||
Plus: Dilutive effect of ISOs | 111 | 62 | 116 | 62 | |||||||||||||
Plus: Dilutive effect of Restricted grants | 277 | 353 | 278 | 353 | |||||||||||||
Diluted shares outstanding | 27,161 | 24,316 | 26,099 | 24,298 | |||||||||||||
For the three month periods ended September 30, 2014 and 2013, the Company has excluded 112,000 and 289,000, respectively, potential common shares with strike prices that would cause them to be anti-dilutive. For the nine month periods ended September 30, 2014 and 2013, the Company has excluded 110,000 and 341,000, respectively, potential common shares with strike prices that would cause them to be anti-dilutive. |
Other_Borrowings
Other Borrowings | 9 Months Ended | ||||||||||||
Sep. 30, 2014 | |||||||||||||
Debt Disclosure [Abstract] | ' | ||||||||||||
Other Borrowings | ' | ||||||||||||
NOTE 7 – 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 September 30, 2014, December 31, 2013 and September 30, 2014, there were $147.4 million, $194.6 million and $5.0 million, respectively, outstanding borrowings with the Company’s correspondent banks. | |||||||||||||
Details of other borrowings, including contractual interest rates and maturity dates are included in the following table: | |||||||||||||
(Dollars in Thousands) | September 30, | December 31, | September 30, | ||||||||||
2014 | 2013 | 2013 | |||||||||||
Daily Rate Credit from Federal Home Loan Bank with a fixed interest rate of 0.36% | $ | 75,000 | $ | — | $ | — | |||||||
Advance from Federal Home Loan Bank with a fixed interest rate of 0.16%, due October 24, 2014 | 25,000 | — | — | ||||||||||
Advance from Federal Home Loan Bank with a fixed interest rate of 0.17%, due January 24, 2014 | — | 165,000 | — | ||||||||||
Advances under revolving credit agreement with a regional bank with interest at 90-day LIBOR plus 3.50% (3.73% at September 30, 2014) due in August 2016, secured by subsidiary bank stock | 22,500 | — | — | ||||||||||
Advances under revolving credit agreement with a regional bank with interest at 90-day LIBOR plus 4.00% (4.24% and 4.27% at December 31, 2013 and September 30, 2013) due in August 2016, secured by subsidiary bank stock | — | 10,000 | 5,000 | ||||||||||
Advance from correspondent bank with a fixed interest rate of 4.50%, due November 27, 2017, secured by subsidiary bank loan receivable | 4,909 | — | — | ||||||||||
Subordinated debt issued by Prosperity Bank due June 2016 with an interest rate of 90-day LIBOR plus 1.60% (1.83% and 1.84% at September 30, 2014 and December 31, 2013) | 5,000 | 5,000 | — | ||||||||||
Subordinated debt issued by The Prosperity Banking Company due September 2016 with an interest rate of 90-day LIBOR plus 1.75% (1.98% and 1.99% at September 30, 2014 and December 31, 2013) | 15,000 | 14,572 | — | ||||||||||
Total | $ | 147,409 | $ | 194,572 | $ | 5,000 | |||||||
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 September 30, 2014, $320.8 million was available for borrowing on lines with the FHLB. | |||||||||||||
As of September 30, 2014, the Company maintained credit arrangements with various financial institutions to purchase federal funds up to $60 million. | |||||||||||||
The Company also participates in the Federal Reserve discount window borrowings. At September 30, 2014, the Company had $584.1 million of loans pledged at the Federal Reserve discount window and had $425.1 million available for borrowing. |
Commitments
Commitments | 9 Months Ended | ||||||||||||
Sep. 30, 2014 | |||||||||||||
Commitments and Contingencies Disclosure [Abstract] | ' | ||||||||||||
Commitments | ' | ||||||||||||
NOTE 8 – 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. These instruments involve, to varying degrees, elements of credit risk in excess of the amount recognized in the consolidated balance sheets. | |||||||||||||
The contract amounts of those instruments reflect the extent of involvement the Company has in particular classes of financial instruments. The Company uses the same credit policies in making commitments and conditional obligations as are used for on-balance-sheet instruments. | |||||||||||||
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 Company issues standby letters of credit, which are conditional commitments issued to guarantee the performance of a customer to a third party. Those guarantees are primarily issued to support public and private borrowing arrangements and expire in decreasing amounts with varying terms. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan facilities to customers. The Company holds various assets as collateral supporting those commitments for which collateral is deemed necessary. | |||||||||||||
The Company evaluates each customer’s creditworthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the Company upon extension of credit, is based on management’s credit evaluation of the borrower. Collateral held may include accounts receivable, inventory, property, plant and equipment, residential real estate and income-producing commercial properties. | |||||||||||||
The Company’s commitments to extend credit and standby letters of credit are presented in the following table: | |||||||||||||
(Dollars in Thousands) | September 30, | December 31, | September 30, | ||||||||||
2014 | 2013 | 2013 | |||||||||||
Commitments to extend credit | $ | 332,808 | $ | 257,195 | $ | 208,303 | |||||||
Standby letters of credit | $ | 9,168 | $ | 7,665 | $ | 6,954 | |||||||
Mortgage interest rate lock commitments | $ | 2,295 | $ | 1,180 | $ | 2,506 |
ACCUMULATED_OTHER_COMPREHENSIV
ACCUMULATED OTHER COMPREHENSIVE INCOME | 9 Months Ended | ||||||||||||
Sep. 30, 2014 | |||||||||||||
Equity [Abstract] | ' | ||||||||||||
ACCUMULATED OTHER COMPREHENSIVE INCOME | ' | ||||||||||||
NOTE 9 – 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 September 30, 2014 and 2013: | |||||||||||||
(Dollars in Thousands) | Unrealized Gain (Loss) | Unrealized Gain (Loss) | Accumulated Other | ||||||||||
on Derivatives | on Securities | Comprehensive Income | |||||||||||
(Loss) | |||||||||||||
Balance, January 1, 2014 | $ | 1,397 | $ | (1,691 | ) | $ | (294 | ) | |||||
Reclassification for gains included in net income | — | (90 | ) | (90 | ) | ||||||||
Current year changes | (489 | ) | 4,847 | 4,358 | |||||||||
Balance, September 30, 2014 | $ | 908 | $ | 3,066 | $ | 3,974 | |||||||
(Dollars in Thousands) | Unrealized Gain (Loss) | Unrealized Gain (Loss) | Accumulated Other | ||||||||||
on Derivatives | on Securities | Comprehensive Income | |||||||||||
(Loss) | |||||||||||||
Balance, January 1, 2013 | $ | (23 | ) | $ | 6,630 | $ | 6,607 | ||||||
Reclassification for gains included in net income | — | (111 | ) | (111 | ) | ||||||||
Current year changes | 1,098 | (8,125 | ) | (7,027 | ) | ||||||||
Balance, September 30, 2013 | $ | 1,075 | $ | (1,606 | ) | $ | (531 | ) | |||||
FAIR_VALUE_OF_FINANCIAL_INSTRU
FAIR VALUE OF FINANCIAL INSTRUMENTS | 9 Months Ended | ||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||||||
FAIR VALUE OF FINANCIAL INSTRUMENTS | ' | ||||||||||||||||||||
NOTE 10 – 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 $1.1 million and $2.1 million resulting from fair value changes of these mortgage loans were recorded in income during the three and nine month periods ending September 30, 2014, respectively. The amount does not reflect changes in fair values of related derivative instruments used to hedge exposure to market-related risks associated with these mortgage loans. The change in fair value of both mortgage loans held for sale and the related derivative instruments are recorded in “Mortgage banking activity” in the Consolidated Statements of Earnings and Comprehensive Income. The Company’s valuation of mortgage loans held for sale incorporates an assumption for credit risk; however, given the short-term period that the Company holds these loans, valuation adjustments attributable to instrument-specific credit risk is nominal. Interest income on mortgage loans held for sale measured at fair value is accrued as it is earned based on contractual rates and is reflected in loan interest income on the Consolidated Statements of Earnings and Comprehensive Income. | |||||||||||||||||||||
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 September 30, 2014, December 31, 213 and September 31, 2013: | |||||||||||||||||||||
September 30, | December 31, | September 30, | |||||||||||||||||||
2014 | 2013 | 2013 | |||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||
Aggregate Fair Value of Mortgage Loans held for sale | $ | 110,059 | $ | 67,278 | $ | 69,634 | |||||||||||||||
Aggregate Unpaid Principal Balance | $ | 105,882 | $ | 65,522 | $ | 67,406 | |||||||||||||||
Past due loans of 90 days or more | $ | — | $ | — | $ | — | |||||||||||||||
Nonaccrual loans | $ | — | $ | — | $ | — | |||||||||||||||
The fair value hierarchy describes three levels of inputs that may be used to measure fair value: | |||||||||||||||||||||
Level 1—Quoted prices in active markets for identical assets or liabilities. | |||||||||||||||||||||
Level 2—Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. | |||||||||||||||||||||
Level 3—Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. | |||||||||||||||||||||
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: The carrying amount of cash and due from banks, federal funds sold and interest-bearing accounts approximates fair value. | |||||||||||||||||||||
Investment Securities Available for Sale: The fair value of securities available for sale is determined by various valuation methodologies. Where quoted market prices are available in an active market, securities are classified within Level 1 of the valuation hierarchy. If quoted market prices are not available, then fair values are estimated by using pricing models, quoted prices of securities with similar characteristics, or discounted cash flows. Level 2 securities include mortgage-backed securities issued by government sponsored enterprises and municipal bonds. The Level 2 fair value pricing is provided by an independent third-party and is based upon similar securities in an active market. In certain cases where Level 1 or Level 2 inputs are not available, securities are classified within Level 3 of the hierarchy and include certain residual municipal securities and other less liquid securities. | |||||||||||||||||||||
Other Investments: Federal Home Loan Bank (“FHLB”) stock is included in other investments at its original cost basis. It is not practical to determine the fair value of FHLB stock due to restrictions placed on its transferability. | |||||||||||||||||||||
Mortgage Loans Held for Sale: The Company records mortgage loans held for sale at fair value. The fair value of mortgage loans held for sale is determined on outstanding commitments from third party investors in the secondary markets and is classified within Level 2 of the valuation hierarchy. | |||||||||||||||||||||
Loans: The carrying amount of variable-rate loans that reprice frequently and have no significant change in credit risk approximates fair value. The fair value of fixed-rate loans is estimated based on discounted contractual cash flows, using interest rates currently being offered for loans with similar terms to borrowers with similar credit quality. The fair value of impaired loans is estimated based on discounted expected future cash flows or underlying collateral values, where applicable. A loan is determined to be impaired if the Company believes it is probable that all principal and interest amounts due according to the terms of the loan will not be collected as scheduled. The fair value of impaired loans is determined in accordance with accounting standards and generally results in a specific reserve established through a charge to the provision for loan losses. Losses on impaired loans are charged to the allowance when management believes the uncollectability of a loan is confirmed. Management has determined that the majority of impaired loans are Level 3 assets due to the extensive use of market appraisals. | |||||||||||||||||||||
Other Real Estate Owned: The fair value of other real estate owned (“OREO”) is determined using certified appraisals that value the property at its highest and best uses by applying traditional valuation methods common to the industry. The Company does not hold any OREO for profit purposes and all other real estate is actively marketed for sale. In most cases, management has determined that additional write-downs are required beyond what is calculable from the appraisal to carry the property at levels that would attract buyers. Because this additional write-down is not based on observable inputs, management has determined that other real estate owned should be classified as Level 3. | |||||||||||||||||||||
Covered Assets: Covered assets include loans and other real estate owned on which the majority of losses would be covered by loss-sharing agreements with the Federal Deposit Insurance Corporation (the “FDIC”). Management initially valued these assets at fair value using mostly unobservable inputs and, as such, has classified these assets as Level 3. | |||||||||||||||||||||
FDIC Loss-Share Receivable: The fair value of the FDIC loss-share receivable is based on the net present value of projected future cash flows expected to be received from the FDIC under the provision of the loss-share agreements using a discount rate that is based on current market rates. | |||||||||||||||||||||
Accrued Interest Receivable/Payable: The carrying amount of accrued interest receivable and accrued interest payable approximates fair value. | |||||||||||||||||||||
Deposits: The carrying amount of demand deposits, savings deposits and variable-rate certificates of deposit approximates fair value. The fair value of fixed-rate certificates of deposit is estimated based on discounted contractual cash flows using interest rates currently offered for certificates with similar maturities. | |||||||||||||||||||||
Securities Sold under Agreements to Repurchase and Other Borrowings: The carrying amount of variable rate borrowings and securities sold under repurchase agreements approximates fair value. The fair value of fixed rate other borrowings is estimated based on discounted contractual cash flows using the current incremental borrowing rates for similar borrowing arrangements. | |||||||||||||||||||||
Subordinated Deferrable Interest Debentures: The fair value of the Company’s variable rate trust preferred securities is based primarily upon discounted cash flows using rates for securities with similar terms and remaining maturities. | |||||||||||||||||||||
Off-Balance-Sheet Instruments: Because commitments to extend credit and standby letters of credit are typically made using variable rates and have short maturities, the carrying value and fair value are immaterial for disclosure. | |||||||||||||||||||||
Derivatives: The Company has entered into derivative financial instruments to manage interest rate risk. The valuation of these instruments is determined using widely accepted valuation techniques including discounted cash flow analysis on the expected cash flows of the derivatives. This analysis reflects the contractual terms of the derivative, including the period to maturity, and uses observable market-based inputs, including interest rate curves and implied volatilities. The fair value of the derivatives is determined using the market standard methodology of netting the discounted future fixed cash receipts and the discounted expected variable cash payments. The variable cash payments are based on an expectation of future interest rates (forward curves derived from observable market interest rate curves). | |||||||||||||||||||||
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 September 30, 2014, December 31, 2013 and September 30, 2013, 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. | |||||||||||||||||||||
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 September 30, 2014 Using: | |||||||||||||||||||||
Carrying | Level 1 | Level 2 | Level 3 | Total | |||||||||||||||||
Amount | |||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||
Financial assets: | |||||||||||||||||||||
Cash and due from banks | $ | 69,421 | $ | 69,421 | $ | — | $ | — | $ | 69,421 | |||||||||||
Federal funds sold and interest-bearing accounts | $ | 40,165 | $ | 40,165 | $ | — | $ | — | $ | 40,165 | |||||||||||
Loans, net | $ | 2,778,026 | $ | — | $ | — | $ | 2,773,291 | $ | 2,773,291 | |||||||||||
FDIC loss-share receivable | $ | 38,233 | $ | — | $ | — | $ | 21,397 | $ | 21,397 | |||||||||||
Accrued interest receivable | $ | 17,171 | $ | 17,171 | $ | — | $ | — | $ | 17,171 | |||||||||||
Financial liabilities: | |||||||||||||||||||||
Deposits | 3,373,119 | — | 3,374,055 | — | 3,374,055 | ||||||||||||||||
Securities sold under agreements to repurchase | 32,351 | 32,351 | — | — | 32,351 | ||||||||||||||||
Other borrowings | 147,409 | — | 147,409 | — | 147,409 | ||||||||||||||||
Accrued interest payable | 1,444 | 1,444 | — | — | 1,444 | ||||||||||||||||
Subordinated deferrable interest debentures | 65,084 | — | 46,214 | — | 46,214 | ||||||||||||||||
Fair Value Measurements at December 31, 2013 Using: | |||||||||||||||||||||
Carrying | Level 1 | Level 2 | Level 3 | Total | |||||||||||||||||
Amount | |||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||
Financial assets: | |||||||||||||||||||||
Cash and due from banks | $ | 62,955 | $ | 62,955 | $ | — | $ | — | $ | 62,995 | |||||||||||
Federal funds sold and interest-bearing accounts | $ | 204,984 | $ | 204,984 | $ | — | $ | — | $ | 204,984 | |||||||||||
Loans, net | $ | 2,392,521 | $ | — | $ | — | $ | 2,404,909 | $ | 2,404,909 | |||||||||||
FDIC loss-share receivable | $ | 65,441 | $ | — | $ | — | $ | 61,317 | $ | 61,317 | |||||||||||
Accrued interest receivable | $ | 15,071 | $ | 15,071 | $ | — | $ | — | $ | 15,071 | |||||||||||
Financial liabilities: | |||||||||||||||||||||
Deposits | 2,999,231 | — | 3,000,061 | — | 3,000,061 | ||||||||||||||||
Securities sold under agreements to repurchase | 83,516 | 83,516 | — | — | 83,516 | ||||||||||||||||
Other borrowings | 194,572 | — | 194,572 | — | 194,572 | ||||||||||||||||
Accrued interest payable | 1,431 | 1,431 | — | — | 1,431 | ||||||||||||||||
Subordinated deferrable interest debentures | 55,466 | — | 36,277 | — | 36,277 | ||||||||||||||||
Fair Value Measurements at September 30, 2013 Using: | |||||||||||||||||||||
Carrying | Level 1 | Level 2 | Level 3 | Total | |||||||||||||||||
Amount | |||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||
Financial assets: | |||||||||||||||||||||
Cash and due from banks | $ | 53,516 | $ | 53,516 | $ | — | $ | — | $ | 53,516 | |||||||||||
Federal funds sold and interest-bearing accounts | $ | 73,899 | $ | 73,899 | $ | — | $ | — | $ | 73,899 | |||||||||||
Loans, net | $ | 1,939,498 | $ | — | $ | — | $ | 1,912,634 | $ | 1,912,634 | |||||||||||
FDIC loss-share receivable | $ | 81,763 | $ | — | $ | — | $ | 76,346 | $ | 76,346 | |||||||||||
Accrued interest receivable | $ | 13,030 | $ | 13,030 | $ | — | $ | — | $ | 13,030 | |||||||||||
Financial liabilities: | |||||||||||||||||||||
Deposits | 2,443,421 | — | 2,444,244 | — | 2,444,244 | ||||||||||||||||
Securities sold under agreements to repurchase | 20,255 | 20,255 | — | — | 20,255 | ||||||||||||||||
Accrued interest payable | 831 | 831 | — | — | 831 | ||||||||||||||||
Subordinated Deferrable Interest Debentures | 42,269 | — | 23,331 | — | 23,331 | ||||||||||||||||
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 September 30, 2014, December 31, 2013 and September 30, 2013 (dollars in thousands): | |||||||||||||||||||||
Fair Value Measurements on a Recurring Basis | |||||||||||||||||||||
As of September 30, 2014 | |||||||||||||||||||||
Fair Value | Quoted Prices | Significant | Significant | ||||||||||||||||||
in Active | Other | Unobservable | |||||||||||||||||||
Markets for | Observable | Inputs | |||||||||||||||||||
Identical | Inputs | (Level 3) | |||||||||||||||||||
Assets | (Level 2) | ||||||||||||||||||||
(Level 1) | |||||||||||||||||||||
U.S. government agencies | $ | 14,460 | $ | — | $ | 14,460 | $ | — | |||||||||||||
State, county and municipal securities | 137,635 | — | 137,635 | — | |||||||||||||||||
Corporate debt securities | 10,965 | — | 8,465 | 2,500 | |||||||||||||||||
Mortgage-backed securities | 366,449 | 10,273 | 356,176 | — | |||||||||||||||||
Mortgage loans held for sale | 110,059 | — | 110,059 | — | |||||||||||||||||
IRLCs and forward contracts | 2,295 | — | 2,295 | — | |||||||||||||||||
Total recurring assets at fair value | $ | 641,863 | $ | 10,273 | $ | 629,090 | $ | 2,500 | |||||||||||||
Derivative financial instruments | $ | 807 | $ | — | $ | 807 | $ | — | |||||||||||||
Total recurring liabilities at fair value | $ | 807 | $ | — | $ | 807 | $ | — | |||||||||||||
Fair Value Measurements on a Recurring Basis | |||||||||||||||||||||
As of December 31, 2013 | |||||||||||||||||||||
Fair Value | Quoted Prices | Significant | Significant | ||||||||||||||||||
in Active | Other | Unobservable | |||||||||||||||||||
Markets for | Observable | Inputs | |||||||||||||||||||
Identical | Inputs | (Level 3) | |||||||||||||||||||
Assets | (Level 2) | ||||||||||||||||||||
(Level 1) | |||||||||||||||||||||
U.S. government agencies | $ | 13,926 | $ | — | $ | 13,926 | $ | — | |||||||||||||
State, county and municipal securities | 112,754 | — | 112,754 | — | |||||||||||||||||
Collateralized debt obligations | 1,480 | 1,480 | — | — | |||||||||||||||||
Corporate debt securities | 10,325 | — | 8,325 | 2,000 | |||||||||||||||||
Mortgage-backed securities | 347,750 | 182,461 | 165,289 | — | |||||||||||||||||
Mortgage loans held for sale | 67,278 | — | 67,278 | — | |||||||||||||||||
IRLCs and forward contracts | 1,180 | — | 1,180 | — | |||||||||||||||||
Total recurring assets at fair value | $ | 554,693 | $ | 183,941 | $ | 368,752 | $ | 2,000 | |||||||||||||
Derivative financial instruments | $ | 370 | $ | — | $ | 370 | $ | — | |||||||||||||
Total recurring liabilities at fair value | $ | 370 | $ | — | $ | 370 | $ | — | |||||||||||||
Fair Value Measurements on a Recurring Basis | |||||||||||||||||||||
As of September 30, 2013 | |||||||||||||||||||||
Fair Value | Quoted Prices | Significant | Significant | ||||||||||||||||||
in Active | Other | Unobservable | |||||||||||||||||||
Markets for | Observable | Inputs | |||||||||||||||||||
Identical | Inputs | (Level 3) | |||||||||||||||||||
Assets | (Level 2) | ||||||||||||||||||||
(Level 1) | |||||||||||||||||||||
U.S. government agencies | $ | 13,917 | $ | — | $ | 13,917 | $ | — | |||||||||||||
State, county and municipal securities | 112,939 | 4,460 | 108,479 | — | |||||||||||||||||
Corporate debt securities | 9,738 | — | 7,738 | 2,000 | |||||||||||||||||
Mortgage-backed securities | 175,654 | 9,375 | 166,279 | — | |||||||||||||||||
Mortgage loans held for sale | 69,634 | — | 69,634 | — | |||||||||||||||||
IRLCs and forward contracts | 2,506 | — | 2,506 | — | |||||||||||||||||
Total recurring assets at fair value | $ | 384,388 | $ | 13,835 | $ | 368,553 | $ | 2,000 | |||||||||||||
Derivative financial instruments | $ | 972 | $ | — | $ | 972 | $ | — | |||||||||||||
Total recurring liabilities at fair value | $ | 972 | $ | — | $ | 972 | $ | — | |||||||||||||
The following table is a presentation of the valuation methodologies used for instruments measured at fair value on a nonrecurring basis, as well as the general classification of such instruments pursuant to the valuation hierarchy as of September 30, 2014, December 31, 2013 and September 30, 2013 (dollars in thousands): | |||||||||||||||||||||
Fair Value Measurements on a Nonrecurring Basis | |||||||||||||||||||||
As of September 30, 2014 | |||||||||||||||||||||
Fair | Quoted | Significant | Significant | ||||||||||||||||||
Value | Prices | Other | Unobservable | ||||||||||||||||||
in Active | Observable | Inputs | |||||||||||||||||||
Markets for | Inputs | (Level 3) | |||||||||||||||||||
Identical | (Level 2) | ||||||||||||||||||||
Assets | |||||||||||||||||||||
(Level 1) | |||||||||||||||||||||
Impaired loans carried at fair value | $ | 35,834 | $ | — | $ | — | $ | 35,834 | |||||||||||||
Other real estate owned | 35,320 | — | — | 35,320 | |||||||||||||||||
Purchased, non-covered other real estate owned | 13,660 | — | — | 13,660 | |||||||||||||||||
Covered other real estate owned | 28,883 | — | — | 28,883 | |||||||||||||||||
Total nonrecurring assets at fair value | $ | 113,697 | $ | — | $ | — | $ | 113,697 | |||||||||||||
Fair Value Measurements on a Nonrecurring Basis | |||||||||||||||||||||
As of December 31, 2013 | |||||||||||||||||||||
Fair | Quoted | Significant | Significant | ||||||||||||||||||
Value | Prices | Other | Unobservable | ||||||||||||||||||
in Active | Observable | Inputs | |||||||||||||||||||
Markets for | Inputs | (Level 3) | |||||||||||||||||||
Identical | (Level 2) | ||||||||||||||||||||
Assets | |||||||||||||||||||||
(Level 1) | |||||||||||||||||||||
Impaired loans carried at fair value | $ | 42,546 | $ | — | $ | — | $ | 42,546 | |||||||||||||
Other real estate owned | 33,351 | — | — | 33,351 | |||||||||||||||||
Purchased, non-covered other real estate owned | 4,276 | — | — | 4,276 | |||||||||||||||||
Covered other real estate owned | 45,893 | — | — | 45,893 | |||||||||||||||||
Total nonrecurring assets at fair value | $ | 126,066 | $ | — | $ | — | $ | 126,066 | |||||||||||||
Fair Value Measurements on a Nonrecurring Basis | |||||||||||||||||||||
As of September 30, 2013 | |||||||||||||||||||||
Fair | Quoted | Significant | Significant | ||||||||||||||||||
Value | Prices | Other | Unobservable | ||||||||||||||||||
in Active | Observable | Inputs | |||||||||||||||||||
Markets for | Inputs | (Level 3) | |||||||||||||||||||
Identical | (Level 2) | ||||||||||||||||||||
Assets | |||||||||||||||||||||
(Level 1) | |||||||||||||||||||||
Impaired loans carried at fair value | $ | 43,564 | $ | — | $ | — | $ | 43,564 | |||||||||||||
Other real estate owned | 39,978 | — | — | 39,978 | |||||||||||||||||
Covered other real estate owned | 52,552 | — | — | 52,552 | |||||||||||||||||
Total nonrecurring assets at fair value | $ | 136,094 | $ | — | $ | — | $ | 136,094 | |||||||||||||
The inputs used to determine estimated fair value of impaired loans include market conditions, loan terms, underlying collateral characteristics and discount rates. The inputs used to determine fair value of other real estate owned, purchased non-covered 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 nine months ended September 30, 2014 and 2013, there was not a change in the methods and significant assumptions used to estimate fair value. | |||||||||||||||||||||
The following table shows significant unobservable inputs used in the fair value measurement of Level 3 assets and liabilities as of September 30, 2014. | |||||||||||||||||||||
Measurements | Fair Value at | Valuation | Unobservable Inputs | Range | |||||||||||||||||
September 30, 2014 | Technique | ||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||
Nonrecurring: | |||||||||||||||||||||
Impaired loans | $ | 35,834 | Third party appraisals and | Collateral discounts and | 4.00% - 90.00% | ||||||||||||||||
discounted cash flows | discount rates | ||||||||||||||||||||
Other real estate owned | $ | 35,320 | Third party appraisals | Collateral discounts and | 10.00% - 90.00% | ||||||||||||||||
estimated costs to sell | |||||||||||||||||||||
Purchased non-covered other real estate owned | $ | 13,660 | Third party appraisals | Collateral discounts and | 22.00% - 94.00% | ||||||||||||||||
estimated costs to sell | |||||||||||||||||||||
Covered real estate owned | $ | 28,883 | Third party appraisals | Collateral discounts and | 10.00% - 90.00% | ||||||||||||||||
estimated costs to sell | |||||||||||||||||||||
Recurring: | |||||||||||||||||||||
Investment securities available for sale | $ | 2,500 | Discounted par values | Credit quality of | 0.00% | ||||||||||||||||
underlying issuer | |||||||||||||||||||||
The following table shows significant unobservable inputs used in the fair value measurement of Level 3 assets and liabilities as of December 31, 2013. | |||||||||||||||||||||
Measurements | Fair Value at | Valuation | Unobservable Inputs | Range | |||||||||||||||||
December 31, 2013 | Technique | ||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||
Nonrecurring: | |||||||||||||||||||||
Impaired loans | $ | 42,546 | Third party appraisals and | Collateral discounts and | 4.00% - 75.00% | ||||||||||||||||
discounted cash flows | discount rates | ||||||||||||||||||||
Other real estate owned | $ | 33,351 | Third party appraisals | Collateral discounts and | 10.00% - 74.00% | ||||||||||||||||
estimated costs to sell | |||||||||||||||||||||
Purchased, non-covered loans | $ | 448,753 | Third party appraisals and | Collateral discounts and | 1.00% - 40.00% | ||||||||||||||||
discounted cash flows | discount rates | ||||||||||||||||||||
Purchased non-covered other real estate owned | $ | 4,276 | Third party appraisals | Collateral discounts and | 15.00% - 63.00% | ||||||||||||||||
estimated costs to sell | |||||||||||||||||||||
Covered loans | $ | 390,237 | Third party appraisals and | Collateral discounts | 1.75% - 75.00% | ||||||||||||||||
discounted cash flows | Discount rate | ||||||||||||||||||||
Covered real estate owned | $ | 45,893 | Third party appraisals | Collateral discounts and | 10.00% - 86.00% | ||||||||||||||||
estimated costs to sell | |||||||||||||||||||||
Recurring: | |||||||||||||||||||||
Investment securities available for sale | $ | 2,000 | Discounted par values | Credit quality of | 0.00% | ||||||||||||||||
underlying issuer |
SEGMENT_REPORTING
SEGMENT REPORTING | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||||
Segment Reporting [Abstract] | ' | ||||||||||||||||||||||||
SEGMENT REPORTING | ' | ||||||||||||||||||||||||
NOTE 11 – SEGMENT REPORTING | |||||||||||||||||||||||||
The following tables present selected financial information with respect to the Company’s reportable business segments for the three- month periods ended September 30, 2014 and 2013: | |||||||||||||||||||||||||
Three Months Ended | Three Months Ended | ||||||||||||||||||||||||
30-Sep-14 | 30-Sep-13 | ||||||||||||||||||||||||
Retail | Mortgage | Total | Retail | Mortgage | Total | ||||||||||||||||||||
Banking | Banking | Banking | Banking | ||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||
Net interest income | $ | 36,785 | $ | 2,347 | $ | 39,132 | $ | 28,089 | $ | 1,231 | $ | 29,320 | |||||||||||||
Provision for loan losses | 994 | 675 | 1,669 | 2,920 | — | 2,920 | |||||||||||||||||||
Noninterest income | 10,766 | 7,135 | 17,901 | 7,054 | 5,234 | 12,288 | |||||||||||||||||||
Noninterest expense: | |||||||||||||||||||||||||
Salaries and employee benefits | 15,817 | 4,409 | 20,226 | 10,799 | 3,613 | 14,412 | |||||||||||||||||||
Equipment and occupancy expenses | 4,301 | 368 | 4,669 | 3,029 | 120 | 3,149 | |||||||||||||||||||
Data processing and telecommunications expenses | 3,622 | 306 | 3,928 | 2,908 | 164 | 30,72 | |||||||||||||||||||
Other expenses | 8,887 | 869 | 9,756 | 7,473 | 643 | 8,116 | |||||||||||||||||||
Total noninterest expense | 32,627 | 5,952 | 38,579 | 24,209 | 4,540 | 28,749 | |||||||||||||||||||
Income before income tax expense | 13,930 | 2,855 | 16,785 | 8,014 | 1,925 | 9,939 | |||||||||||||||||||
Income tax expense | 4,123 | 999 | 5,122 | 2,588 | 674 | 3,262 | |||||||||||||||||||
Net income | 9,807 | 1,856 | 11,663 | 5,426 | 1,251 | 6,677 | |||||||||||||||||||
Less preferred stock dividends | — | — | — | 443 | — | 443 | |||||||||||||||||||
Net income available to common shareholders | $ | 9,807 | $ | 1,856 | $ | 11,663 | $ | 4,983 | $ | 1,251 | $ | 6,234 | |||||||||||||
Total assets | $ | 3,772,050 | $ | 227,358 | $ | 3,999,408 | $ | 2,707,200 | $ | 111,302 | $ | 2,818,502 | |||||||||||||
Stockholders’ equity | 309,904 | 43,926 | 353,830 | 250,863 | 39,493 | 290,356 | |||||||||||||||||||
The following tables present selected financial information with respect to the Company’s reportable business segments for the nine- month periods ended September 30, 2014 and 2013: | |||||||||||||||||||||||||
Nine Months Ended | Nine Months Ended | ||||||||||||||||||||||||
30-Sep-14 | 30-Sep-13 | ||||||||||||||||||||||||
Retail | Mortgage | Total | Retail | Mortgage | Total | ||||||||||||||||||||
Banking | Banking | Banking | Banking | ||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||
Net interest income | $ | 104,094 | $ | 4,786 | $ | 108,880 | $ | 84,372 | $ | 2,762 | $ | 87,134 | |||||||||||||
Provision for loan losses | 4,085 | 675 | 4,760 | 10,008 | — | 10,008 | |||||||||||||||||||
Noninterest income | 27,173 | 19,301 | 46,474 | 20,333 | 14,699 | 35,032 | |||||||||||||||||||
Noninterest expense: | |||||||||||||||||||||||||
Salaries and employee benefits | 42,648 | 11,914 | 54,562 | 32,314 | 9,285 | 41,599 | |||||||||||||||||||
Equipment and occupancy expenses | 11,834 | 970 | 12,804 | 8,575 | 483 | 9,058 | |||||||||||||||||||
Data processing and telecommunications expenses | 10,551 | 771 | 11,322 | 8,013 | 465 | 8,478 | |||||||||||||||||||
Other expenses | 27,452 | 2,996 | 30,448 | 22,807 | 2,379 | 25,186 | |||||||||||||||||||
Total noninterest expense | 92,485 | 16,651 | 109,136 | 71,709 | 12,612 | 84,321 | |||||||||||||||||||
Income before income tax expense | 34,697 | 6,761 | 41,458 | 22,988 | 4,849 | 27,837 | |||||||||||||||||||
Income tax expense | 10,949 | 2,366 | 13,315 | 7,500 | 1,697 | 9,197 | |||||||||||||||||||
Net income | 23,748 | 4,395 | 28,143 | 15,488 | 3,152 | 18,640 | |||||||||||||||||||
Less preferred stock dividends | 286 | — | 286 | 1,326 | — | 1,326 | |||||||||||||||||||
Net income available to common shareholders | $ | 23,462 | $ | 4,395 | $ | 27,857 | $ | 14,162 | $ | 3,152 | $ | 17,314 | |||||||||||||
Basis_of_Presentation_and_Acco1
Basis of Presentation and Accounting Policies (Policies) | 9 Months Ended |
Sep. 30, 2014 | |
Accounting Policies [Abstract] | ' |
Newly Issued Accounting Pronouncements | ' |
Newly Issued Accounting Pronouncements | |
ASU 2014-09 – Revenue from Contracts with Customers (“ASU 2014-09”). ASU 2014-09 provides guidance that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. ASU 2014-09 is effective prospectively, for annual and interim periods, beginning after December 15, 2016. The Company is currently evaluating the impact this standard will have on the Company’s results of operations, financial position or disclosures. | |
ASU 2014-04 – Receivables – Troubled Debt Restructurings by Creditors (“ASU 2014-04”). ASU 2014-04 clarifies when a creditor should reclassify mortgage loans collateralized by residential real estate from loans to other real estate owned. It defines when an in-substance repossession or foreclosure has occurred and when a creditor is considered to have received physical possession of residential real estate collateralizing a mortgage loan. ASU 2014-04 is effective for fiscal years beginning after December 31, 2014, and early adoption is permitted. It can be applied either prospectively or using a modified retrospective transition method. The Company is evaluating the impact this standard may have on the Company’s results of operations, financial position or disclosures. | |
ASU 2013-11—Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists (“ASU 2013-11”). ASU 2013-11 requires that an unrecognized tax benefit, or a portion of an unrecognized tax benefit, be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss or a tax credit carryforward. However, if a net operating loss carryforward, a similar tax loss or a tax credit carryforward is not available at the reporting date under the tax law of the applicable jurisdiction to settle any additional income taxes that would result from the disallowance of a tax position or the tax law of the applicable jurisdiction does not require the entity to use, and the entity does not intend to use, the deferred tax asset for such purpose, the unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets. ASU 2013-11 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. The adoption of these revisions did not have a material impact on the Company’s results of operations, financial position or disclosures. |
Business_Combination_Tables
Business Combination (Tables) | 9 Months Ended | ||||||||||||
Sep. 30, 2014 | |||||||||||||
Estimated Fair Value of Assets Acquired and Liabilities Assumed | ' | ||||||||||||
The following table presents the assets acquired and liabilities of Prosperity assumed as of December 23, 2013 and their initial fair value estimates: | |||||||||||||
(Dollars in Thousands) | As Recorded by | Fair Value | As Recorded | ||||||||||
Prosperity | Adjustments | by Ameris | |||||||||||
Assets | |||||||||||||
Cash and cash equivalents | $ | 4,285 | $ | — | $ | 4,285 | |||||||
Federal funds sold and interest-bearing balances | 21,687 | — | 21,687 | ||||||||||
Investment securities | 151,863 | 411 | (a) | 152,274 | |||||||||
Other investments | 8,727 | — | 8,727 | ||||||||||
Loans | 487,358 | (37,662 | )(b) | 449,696 | |||||||||
Less allowance for loan losses | (6,811 | ) | 6,811 | (c) | — | ||||||||
Loans, net | 480,547 | (30,851 | ) | 449,696 | |||||||||
Other real estate owned | 6,883 | (1,260 | )(d) | 5,623 | |||||||||
Premises and equipment | 36,293 | — | 36,293 | ||||||||||
Intangible assets | 174 | 4,383 | (e) | 4,557 | |||||||||
Other assets | 26,600 | 1,192 | (f) | 27,792 | |||||||||
Total assets | $ | 737,059 | $ | (26,125 | ) | $ | 710,934 | ||||||
Liabilities | |||||||||||||
Deposits: | |||||||||||||
Noninterest-bearing | $ | 149,242 | $ | — | $ | 149,242 | |||||||
Interest-bearing | 324,441 | — | 324,441 | ||||||||||
Total deposits | 473,683 | — | 473,683 | ||||||||||
Federal funds purchased and securities sold under agreements to repurchase | 21,530 | — | 21,530 | ||||||||||
Other borrowings | 185,000 | 12,313 | (g) | 197,313 | |||||||||
Other liabilities | 14,058 | 455 | (h) | 14,513 | |||||||||
Subordinated deferrable interest debentures | 29,500 | (16,303 | )(i) | 13,197 | |||||||||
Total liabilities | 723,771 | (3,535 | ) | 720,236 | |||||||||
Net identifiable assets acquired over (under) liabilities assumed | 13,288 | (22,590 | ) | (9,302 | ) | ||||||||
Goodwill | — | 34,093 | 34,093 | ||||||||||
Net assets acquired over (under) liabilities assumed | $ | 13,288 | $ | 11,503 | $ | 24,791 | |||||||
Consideration: | |||||||||||||
Ameris Bancorp common shares issued | 1,168,918 | ||||||||||||
Purchase price per share of the Company’s common stock | $ | 21.07 | |||||||||||
Company common stock issued | 24,629 | ||||||||||||
Cash exchanged for shares | 162 | ||||||||||||
Fair value of total consideration transferred | $ | 24,791 | |||||||||||
Explanation of fair value adjustments | |||||||||||||
(a) | Adjustment reflects the fair value adjustments of the available for sale portfolio 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 Prosperity’s 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 recording of core deposit intangible on the acquired core deposit accounts. | ||||||||||||
(f) | Adjustment reflects the adjustment to write-off the non-realizable portion of Prosperity’s deferred tax asset of ($6.644 million), to record the deferred tax asset generated by purchase accounting adjustments of $8.435 million and to record the fair value adjustment of other assets of ($0.599 million) at the acquisition date. | ||||||||||||
(g) | Adjustment reflects the fair value adjustment (premium) to the FHLB borrowings of $12.741 million and the fair value adjustment to the subordinated debt of $0.428 million. | ||||||||||||
(h) | Adjustment reflects the fair value adjustment of other liabilities at the acquisition date. | ||||||||||||
(i) | Adjustment reflects the fair value adjustment to the subordinated deferrable interest debentures at the acquisition date. | ||||||||||||
Rollforward of Acquired Loans Deterioration of Credit Quality | ' | ||||||||||||
A rollforward of purchased non-covered loans with deterioration of credit quality for the nine months ended September 30, 2014, the year ended December 31, 2013 and the nine months ended September 30, 2013 is shown below: | |||||||||||||
(Dollars in Thousands) | September 30, | December 31, | September 30, | ||||||||||
2014 | 2013 | 2013 | |||||||||||
Balance, January 1 | $ | 67,165 | $ | — | $ | — | |||||||
Charge-offs, net of recoveries | (4 | ) | — | — | |||||||||
Additions due to acquisitions | 29,280 | 67,165 | — | ||||||||||
Other (loan payments, transfers, etc.) | (4,440 | ) | — | — | |||||||||
Ending balance | $ | 92,001 | $ | 67,165 | $ | — | |||||||
Rollforward of Acquired Non-Covered Loans Without Deterioration of Credit Quality | ' | ||||||||||||
A rollforward of purchased non-covered loans without deterioration of credit quality for the nine months ended September 30, 2014, the year ended December 31, 2013 and the nine months ended September 30, 2013 is shown below: | |||||||||||||
(Dollars in Thousands) | September 30, | December 31, | September 30, | ||||||||||
2014 | 2013 | 2013 | |||||||||||
Balance, January 1 | $ | 381,588 | $ | — | $ | — | |||||||
Additions due to acquisitions | 250,161 | 382,531 | — | ||||||||||
Loan payments, transfers, etc. | (50,026 | ) | (943 | ) | — | ||||||||
Ending balance | $ | 581,723 | $ | 381,588 | $ | — | |||||||
Schedule of Changes in Accretable Discounts Related Acquired Loans | ' | ||||||||||||
The following is a summary of changes in the accretable discounts of covered loans during the nine months ended September 30, 2014, the year ended December 31, 2013 and the nine months ended September 30, 2013: | |||||||||||||
(Dollars in Thousands) | September 30, | December 31, | September 30, | ||||||||||
2014 | 2013 | 2013 | |||||||||||
Balance, January 1 | $ | 25,493 | $ | 16,698 | $ | 16,698 | |||||||
Additions due to acquisitions | — | — | — | ||||||||||
Accretion | (20,822 | ) | (42,208 | ) | (36,552 | ) | |||||||
Other activity, net | 16,070 | 51,003 | 50,703 | ||||||||||
Ending balance | $ | 20,741 | $ | 25,493 | $ | 30,849 | |||||||
Coastal Bankshares, Inc. [Member] | ' | ||||||||||||
Pro forma Information OF acquisitions | ' | ||||||||||||
The following unaudited pro forma information reflects the Company’s estimated consolidated results of operations as if the acquisition had occurred on January 1, 2013, unadjusted for potential cost savings (in thousands). | |||||||||||||
Three Months | Nine Months Ended | ||||||||||||
Ended | September 30, | ||||||||||||
September 30, | |||||||||||||
2013 | 2014 | 2013 | |||||||||||
Net interest income and noninterest income | $ | 46,373 | $ | 165,913 | $ | 137,590 | |||||||
Net income | $ | 6,680 | $ | 26,275 | $ | 19,733 | |||||||
Net income available to common stockholders | $ | 6,237 | $ | 25,989 | $ | 18,407 | |||||||
Income per common share available to common stockholders – basic | $ | 0.24 | $ | 0.95 | $ | 0.72 | |||||||
Income per common share available to common stockholders – diluted | $ | 0.24 | $ | 0.94 | $ | 0.71 | |||||||
Average number of shares outstanding, basic | 25,500 | 27,304 | 25,482 | ||||||||||
Average number of shares outstanding, diluted | 25,915 | 27,698 | 25,897 | ||||||||||
Summary of Contractually Required Principal and Interest Cash Paymentof 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 | $ | 38,194 | |||||||||||
Non-accretable difference | (5,632 | ) | |||||||||||
Cash flows expected to be collected | 32,562 | ||||||||||||
Accretable yield | (3,282 | ) | |||||||||||
Total purchased credit-impaired loans acquired | $ | 29,280 | |||||||||||
Prosperity Banking Company [Member] | ' | ||||||||||||
Pro forma Information OF acquisitions | ' | ||||||||||||
The following unaudited pro forma information reflects the Company’s estimated consolidated results of operations as if the acquisition had occurred on January 1, 2013, unadjusted for potential cost savings (in thousands). | |||||||||||||
Three Months | Nine Months | ||||||||||||
Ended | Ended | ||||||||||||
September 30, | September 30, | ||||||||||||
2013 | 2013 | ||||||||||||
Net interest income and noninterest income | $ | 48,541 | $ | 142,390 | |||||||||
Net income | $ | 7,214 | $ | 18,729 | |||||||||
Net income available to common stockholders | $ | 6,771 | $ | 17,403 | |||||||||
Income per common share available to common stockholders – basic | $ | 0.27 | $ | 0.69 | |||||||||
Income per common share available to common stockholders – diluted | $ | 0.27 | $ | 0.68 | |||||||||
Average number of shares outstanding, basic | 25,070 | 25,052 | |||||||||||
Average number of shares outstanding, diluted | 25,485 | 25,467 | |||||||||||
Summary of Contractually Required Principal and Interest Cash Paymentof 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 | $ | 92,461 | |||||||||||
Non-accretable difference | (14,311 | ) | |||||||||||
Cash flows expected to be collected | 78,150 | ||||||||||||
Accretable yield | (10,985 | ) | |||||||||||
Total purchased credit-impaired loans acquired | $ | 67,165 | |||||||||||
Discount Accretion [Member] | ' | ||||||||||||
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 nine months ended September 30, 2014, the year ended December 31, 2013 and the nine months ended September 30, 2013: | |||||||||||||
(Dollars in Thousands) | September 30, | December 31, | September 30, | ||||||||||
2014 | 2013 | 2013 | |||||||||||
Balance, January 1 | $ | 26,189 | $ | — | $ | — | |||||||
Additions due to acquisitions | 7,799 | 26,189 | — | ||||||||||
Accretion | (5,840 | ) | — | — | |||||||||
Other activity, net | 916 | — | — | ||||||||||
Ending balance | $ | 29,064 | $ | 26,189 | $ | — | |||||||
Loans with Deterioration of Credit Quality [Member] | ' | ||||||||||||
Rollforward of Acquired Loans Deterioration of Credit Quality | ' | ||||||||||||
A rollforward of covered loans with deterioration of credit quality for the nine months ended September 30, 2014, the year ended December 31, 2013 and the nine months ended September 30, 2013 is shown below: | |||||||||||||
(Dollars in Thousands) | September 30, | December 31, | September 30, | ||||||||||
2014 | 2013 | 2013 | |||||||||||
Balance, January 1 | $ | 217,047 | $ | 282,737 | $ | 282,737 | |||||||
Charge-offs, net of recoveries | (8,099 | ) | (35,306 | ) | (30,371 | ) | |||||||
Additions due to acquisitions | — | — | — | ||||||||||
Other (loan payments, transfers, etc.) | (37,487 | ) | (30,384 | ) | (20,777 | ) | |||||||
Ending balance | $ | 171,461 | $ | 217,047 | $ | 231,589 | |||||||
Loans without Deterioration of Credit Quality [Member] | ' | ||||||||||||
Rollforward of Acquired Loans Deterioration of Credit Quality | ' | ||||||||||||
A rollforward of covered loans without deterioration of credit quality for the nine months ended September 30, 2014, the year ended December 31, 2013 and the nine months ended September 30, 2013 is shown below: | |||||||||||||
(Dollars in Thousands) | September 30, | December 31, | September 30, | ||||||||||
2014 | 2013 | 2013 | |||||||||||
Balance, January 1 | $ | 173,190 | $ | 228,602 | $ | 228,602 | |||||||
Additions due to acquisitions | — | — | — | ||||||||||
Loan payments, transfers, etc. | (31,062 | ) | (55,412 | ) | (42,316 | ) | |||||||
Ending balance | $ | 142,128 | $ | 173,190 | $ | 186,286 | |||||||
INVESTMENT_SECURITIES_Tables
INVESTMENT SECURITIES (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||
Investments, Debt and Equity Securities [Abstract] | ' | ||||||||||||||||
Amortized Cost and Estimated Fair Value of Securities Available for Sale | ' | ||||||||||||||||
The amortized cost and estimated fair value of investment securities available for sale at September 30, 2014, December 31, 2013 and September 30, 2013 are presented below: | |||||||||||||||||
Amortized | Gross | Gross | Fair | ||||||||||||||
Cost | Unrealized | Unrealized | Value | ||||||||||||||
Gains | Losses | ||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||
September 30, 2014: | |||||||||||||||||
U. S. government agencies | $ | 14,951 | $ | — | $ | (491 | ) | $ | 14,460 | ||||||||
State, county and municipal securities | 134,641 | 3,708 | (714 | ) | 137,635 | ||||||||||||
Corporate debt securities | 10,801 | 237 | (73 | ) | 10,965 | ||||||||||||
Mortgage-backed securities | 364,399 | 4,493 | (2,443 | ) | 366,449 | ||||||||||||
Total securities | $ | 524,792 | $ | 8,438 | $ | (3,721 | ) | $ | 529,509 | ||||||||
Gains and Losses on Sales of Securities Available for Sale | ' | ||||||||||||||||
The following table is a summary of sales activities in the Company’s investment securities available for sale for the nine months ended September 30, 2014, year ended December 31, 2013 and nine months ended September 30, 2013: | |||||||||||||||||
September 30, | December 31, 2013 | September 30, | |||||||||||||||
2014 | 2013 | ||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||
Gross gains on sales of securities | $ | 141 | $ | 353 | $ | 353 | |||||||||||
Gross losses on sales of securities | (3 | ) | (182 | ) | (182 | ) | |||||||||||
Net realized gains on sales of securities available for sale | $ | 138 | $ | 171 | $ | 171 | |||||||||||
Sales proceeds | $ | 92,975 | $ | 36,669 | $ | 36,669 | |||||||||||
Loans_Tables
Loans (Tables) | 9 Months Ended | ||||||||||||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||||||||||||
Schedule of Accounts Notes Loans and Financial Receivables | ' | ||||||||||||||||||||||||||||||||
Balances within the major loans receivable categories are presented in the following table, excluding purchased non-covered and covered loans: | |||||||||||||||||||||||||||||||||
(Dollars in Thousands) | September 30, | December 31, | September 30, | ||||||||||||||||||||||||||||||
2014 | 2013 | 2013 | |||||||||||||||||||||||||||||||
Commercial, financial and agricultural | $ | 334,783 | $ | 244,373 | $ | 244,991 | |||||||||||||||||||||||||||
Real estate – construction and development | 154,315 | 146,371 | 132,277 | ||||||||||||||||||||||||||||||
Real estate – commercial and farmland | 882,160 | 808,323 | 799,149 | ||||||||||||||||||||||||||||||
Real estate – residential | 436,515 | 366,882 | 355,920 | ||||||||||||||||||||||||||||||
Consumer installment | 31,403 | 34,249 | 36,303 | ||||||||||||||||||||||||||||||
Other | 9,583 | 18,256 | 20,627 | ||||||||||||||||||||||||||||||
$ | 1,848,759 | $ | 1,618,454 | $ | 1,589,267 | ||||||||||||||||||||||||||||
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: | |||||||||||||||||||||||||||||||||
(Dollars in Thousands) | September 30, | December 31, | September 30, | ||||||||||||||||||||||||||||||
2014 | 2013 | 2013 | |||||||||||||||||||||||||||||||
Commercial, financial and agricultural | $ | 22,545 | $ | 26,550 | $ | 27,768 | |||||||||||||||||||||||||||
Real estate – construction and development | 27,756 | 43,179 | 50,702 | ||||||||||||||||||||||||||||||
Real estate – commercial and farmland | 180,566 | 224,451 | 237,086 | ||||||||||||||||||||||||||||||
Real estate – residential | 82,445 | 95,173 | 101,146 | ||||||||||||||||||||||||||||||
Consumer installment | 277 | 884 | 947 | ||||||||||||||||||||||||||||||
$ | 313,589 | $ | 390,237 | $ | 417,649 | ||||||||||||||||||||||||||||
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 periods indicated. 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–residential | Consumer | Purchased | Covered | Total | ||||||||||||||||||||||||||
financial & | construction & | commercial & | installment | non-covered | loans | ||||||||||||||||||||||||||||
agricultural | development | farmland | loans and | loans | |||||||||||||||||||||||||||||
Other | |||||||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||||||
Three months ended September 30, 2014: | |||||||||||||||||||||||||||||||||
Balance, June 30, 2014 | $ | 2,185 | $ | 5,431 | $ | 8,317 | $ | 5,166 | $ | 1,155 | $ | — | $ | — | $ | 22,254 | |||||||||||||||||
Provision for loan losses | 540 | 63 | 1,237 | 595 | (862 | ) | 4 | 92 | 1,669 | ||||||||||||||||||||||||
Loans charged off | (191 | ) | (296 | ) | (953 | ) | (406 | ) | (129 | ) | (4 | ) | (376 | ) | (2,355 | ) | |||||||||||||||||
Recoveries of loans previously charged off | 47 | 96 | 31 | 52 | 134 | — | 284 | 644 | |||||||||||||||||||||||||
Balance, September 30, 2014 | $ | 2,581 | $ | 5,294 | $ | 8,632 | $ | 5,407 | $ | 298 | $ | — | $ | — | $ | 22,212 | |||||||||||||||||
Nine months ended September 30, 2014: | |||||||||||||||||||||||||||||||||
Balance, January 1, 2014 | $ | 1,823 | $ | 5,538 | $ | 8,393 | $ | 6,034 | $ | 589 | $ | — | $ | — | $ | 22,377 | |||||||||||||||||
Provision for loan losses | 1,627 | (26 | ) | 2,311 | 529 | (370 | ) | 4 | 685 | 4,760 | |||||||||||||||||||||||
Loans charged off | (1,099 | ) | (518 | ) | (2,255 | ) | (1,339 | ) | (343 | ) | (4 | ) | (1,514 | ) | (7,072 | ) | |||||||||||||||||
Recoveries of loans previously charged off | 230 | 300 | 183 | 183 | 422 | — | 829 | 2,147 | |||||||||||||||||||||||||
Balance, September 30, 2014 | $ | 2,581 | $ | 5,294 | $ | 8,632 | $ | 5,407 | $ | 298 | $ | — | $ | — | $ | 22,212 | |||||||||||||||||
Period-end amount allocated to: | |||||||||||||||||||||||||||||||||
Loans individually evaluated for impairment | $ | 611 | $ | 540 | $ | 1,682 | $ | 1,272 | $ | — | $ | — | $ | — | $ | 4,105 | |||||||||||||||||
Loans collectively evaluated for impairment | 1,970 | 4,754 | 6,950 | 4,135 | 298 | — | — | 18,107 | |||||||||||||||||||||||||
Ending balance | $ | 2,581 | $ | 5,294 | $ | 8,632 | $ | 5,407 | $ | 298 | $ | — | $ | — | $ | 22,212 | |||||||||||||||||
Loans: | |||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 1,549 | $ | 3,078 | $ | 17,129 | $ | 11,860 | $ | — | $ | — | $ | — | $ | 33,616 | |||||||||||||||||
Collectively evaluated for impairment | 333,234 | 151,237 | 865,031 | 424,655 | 40,986 | 581,723 | 142,128 | 2,538,994 | |||||||||||||||||||||||||
Acquired with deteriorated credit quality | — | — | — | — | — | 92,001 | 171,461 | 263,462 | |||||||||||||||||||||||||
Ending balance | $ | 334,783 | $ | 154,315 | $ | 882,160 | $ | 436,515 | $ | 40,986 | $ | 673,724 | $ | 313,589 | $ | 2,836,072 | |||||||||||||||||
Commercial, | Real estate – | Real estate – | Real estate – | Consumer | Purchased | Covered | Total | ||||||||||||||||||||||||||
financial & | construction & | commercial & | residential | installment | non-covered | loans | |||||||||||||||||||||||||||
agricultural | development | farmland | loans and | loans | |||||||||||||||||||||||||||||
Other | |||||||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||||||
Twelve months ended December 31, 2013: | |||||||||||||||||||||||||||||||||
Balance, January 1, 2013 | $ | 2,439 | $ | 5,343 | $ | 9,157 | $ | 5,898 | $ | 756 | $ | — | $ | — | $ | 23,593 | |||||||||||||||||
Provision for loan losses | 711 | 1,742 | 2,777 | 4,463 | 254 | — | 1,539 | 11,486 | |||||||||||||||||||||||||
Loans charged off | (1,759 | ) | (2,020 | ) | (3,571 | ) | (5,215 | ) | (719 | ) | — | (1,539 | ) | (14,823 | ) | ||||||||||||||||||
Recoveries of loans previously charged off | 432 | 473 | 30 | 888 | 298 | — | — | 2,121 | |||||||||||||||||||||||||
Balance, December 31, 2013 | $ | 1,823 | $ | 5,538 | $ | 8,393 | $ | 6,034 | $ | 589 | $ | — | $ | — | $ | 22,377 | |||||||||||||||||
Period-end amount allocated to: | |||||||||||||||||||||||||||||||||
Loans individually evaluated for impairment | $ | 356 | $ | 407 | $ | 1,427 | $ | 1,395 | $ | — | $ | — | $ | — | $ | 3,585 | |||||||||||||||||
Loans collectively evaluated for impairment | 1,467 | 5,131 | 6,966 | 4,639 | 589 | — | — | 18,792 | |||||||||||||||||||||||||
Ending balance | $ | 1,823 | $ | 5,538 | $ | 8,393 | $ | 6,034 | $ | 589 | $ | — | $ | — | $ | 22,377 | |||||||||||||||||
Loans: | |||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 3,457 | $ | 3,581 | $ | 15,240 | $ | 16,925 | $ | — | $ | — | $ | — | $ | 39,203 | |||||||||||||||||
Collectively evaluated for impairment | 240,916 | 142,790 | 793,083 | 349,957 | 52,505 | 381,588 | 173,190 | 2,134,029 | |||||||||||||||||||||||||
Acquired with deteriorated credit quality | — | — | — | — | — | 67,165 | 217,047 | 284,212 | |||||||||||||||||||||||||
Ending balance | $ | 244,373 | $ | 146,371 | $ | 808,323 | $ | 366,882 | $ | 52,505 | $ | 448,753 | $ | 390,237 | $ | 2,457,444 | |||||||||||||||||
Commercial, | Real estate – | Real estate – | Real estate – | Consumer | Purchased | Covered | Total | ||||||||||||||||||||||||||
financial & | construction & | commercial & | residential | installment | non- | loans | |||||||||||||||||||||||||||
agricultural | development | farmland | loans and | covered | |||||||||||||||||||||||||||||
Other | loans | ||||||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||||||
Three months ended September 30, 2013: | |||||||||||||||||||||||||||||||||
Balance, June 30, 2013 | $ | 2,951 | $ | 5,642 | $ | 8,797 | $ | 6,360 | $ | 467 | $ | — | $ | — | $ | 24,217 | |||||||||||||||||
Provision for loan losses | (107 | ) | 601 | 1,212 | 626 | 117 | — | 471 | 2,920 | ||||||||||||||||||||||||
Loans charged off | (482 | ) | (367 | ) | (1,080 | ) | (1,323 | ) | (205 | ) | — | (471 | ) | (3,928 | ) | ||||||||||||||||||
Recoveries of loans previously charged off | 212 | 84 | 5 | 291 | 53 | — | — | 645 | |||||||||||||||||||||||||
Balance, September 30, 2013 | $ | 2,574 | $ | 5,960 | $ | 8,934 | $ | 5,954 | $ | 432 | $ | — | $ | — | $ | 23,854 | |||||||||||||||||
Nine months ended September 30, 2013: | |||||||||||||||||||||||||||||||||
Balance, January 1, 2013 | $ | 2,439 | $ | 5,343 | $ | 9,157 | $ | 5,898 | $ | 756 | $ | — | $ | — | $ | 23,593 | |||||||||||||||||
Provision for loan losses | 1,011 | 2,127 | 2,632 | 2,966 | 11 | — | 1,261 | 10,008 | |||||||||||||||||||||||||
Loans charged off | (1,216 | ) | (1,598 | ) | (2,873 | ) | (3,430 | ) | (576 | ) | — | (1,261 | ) | (10,954 | ) | ||||||||||||||||||
Recoveries of loans previously charged off | 340 | 88 | 18 | 520 | 241 | — | — | 1,207 | |||||||||||||||||||||||||
Balance, September 30, 2013 | $ | 2,574 | $ | 5,960 | $ | 8,934 | $ | 5,954 | $ | 432 | $ | — | $ | — | $ | 23,854 | |||||||||||||||||
Period-end amount allocated to: | |||||||||||||||||||||||||||||||||
Loans individually evaluated for impairment | $ | 741 | $ | 682 | $ | 1,997 | $ | 1,429 | $ | — | $ | — | $ | — | $ | 4,849 | |||||||||||||||||
Loans collectively evaluated for impairment | 1,833 | 5,278 | 6,937 | 4,525 | 432 | — | — | 19,005 | |||||||||||||||||||||||||
Ending balance | $ | 2,574 | $ | 5,960 | $ | 8,934 | $ | 5,954 | $ | 432 | $ | — | $ | — | $ | 23,854 | |||||||||||||||||
Loans: | |||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 3,657 | $ | 3,524 | $ | 14,605 | $ | 16,919 | $ | — | $ | — | $ | — | $ | 38,705 | |||||||||||||||||
Collectively evaluated for impairment | 241,334 | 128,753 | 784,544 | 339,001 | 56,930 | — | 186,060 | 1,736,622 | |||||||||||||||||||||||||
Acquired with deteriorated credit quality | — | — | — | — | — | — | 231,589 | 231,589 | |||||||||||||||||||||||||
Ending balance | $ | 244,991 | $ | 132,277 | $ | 799,149 | $ | 355,920 | $ | 56,930 | $ | — | $ | 417,649 | $ | 2,006,916 | |||||||||||||||||
Purchased Non-Covered Loans [Member] | ' | ||||||||||||||||||||||||||||||||
Summary 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: | |||||||||||||||||||||||||||||||||
(Dollars in Thousands) | September 30, | December 31, | September 30, | ||||||||||||||||||||||||||||||
2014 | 2013 | 2013 | |||||||||||||||||||||||||||||||
Commercial, financial and agricultural | $ | 38,077 | $ | 32,141 | $ | — | |||||||||||||||||||||||||||
Real estate – construction and development | 60,262 | 31,176 | — | ||||||||||||||||||||||||||||||
Real estate – commercial and farmland | 296,790 | 179,898 | — | ||||||||||||||||||||||||||||||
Real estate – residential | 273,347 | 200,851 | — | ||||||||||||||||||||||||||||||
Consumer installment | 5,248 | 4,687 | — | ||||||||||||||||||||||||||||||
$ | 673,724 | $ | 448,753 | $ | — | ||||||||||||||||||||||||||||
Summary of Financial Receivable Nonaccrual Basis | ' | ||||||||||||||||||||||||||||||||
The following table presents an analysis of purchased non-covered loans accounted for on a nonaccrual basis: | |||||||||||||||||||||||||||||||||
(Dollars in Thousands) | September 30, | December 31, | September 30, | ||||||||||||||||||||||||||||||
2014 | 2013 | 2013 | |||||||||||||||||||||||||||||||
Commercial, financial and agricultural | $ | 54 | $ | 11 | $ | — | |||||||||||||||||||||||||||
Real estate – construction and development | 1,969 | 325 | — | ||||||||||||||||||||||||||||||
Real estate – commercial and farmland | 8,776 | 1,653 | — | ||||||||||||||||||||||||||||||
Real estate – residential | 6,132 | 4,658 | — | ||||||||||||||||||||||||||||||
Consumer installment | 76 | 12 | — | ||||||||||||||||||||||||||||||
$ | 17,007 | $ | 6,659 | $ | — | ||||||||||||||||||||||||||||
Summary of Past Due Financial Receivables | ' | ||||||||||||||||||||||||||||||||
The following table presents an aging analysis of purchased non-covered past due loans based on the recorded basis as of September 30, 2014 and December 31, 2013. There were no purchased non-covered loans as of September 30, 2013: | |||||||||||||||||||||||||||||||||
Loans | Loans | Loans 90 | Total | Current | Total | Loans 90 | |||||||||||||||||||||||||||
30-59 | 60-89 | or More | Loans | Loans | Loans | Days or | |||||||||||||||||||||||||||
Days Past | Days | Days Past | Past Due | More Past | |||||||||||||||||||||||||||||
Due | Past Due | Due | Due and | ||||||||||||||||||||||||||||||
Still | |||||||||||||||||||||||||||||||||
Accruing | |||||||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||||||
As of September 30, 2014: | |||||||||||||||||||||||||||||||||
Commercial, financial & agricultural | $ | 33 | $ | 46 | $ | 55 | $ | 134 | $ | 37,943 | $ | 38,077 | $ | — | |||||||||||||||||||
Real estate – construction & development | 520 | 135 | 3,069 | 3,724 | 56,538 | 60,262 | 1,100 | ||||||||||||||||||||||||||
Real estate – commercial & farmland | 3,497 | 1,227 | 8,266 | 12,990 | 283,800 | 296,790 | 258 | ||||||||||||||||||||||||||
Real estate – residential | 3,915 | 1,440 | 5,929 | 11,284 | 262,063 | 273,347 | — | ||||||||||||||||||||||||||
Consumer installment loans | 36 | 5 | 76 | 117 | 5,131 | 5,248 | — | ||||||||||||||||||||||||||
Total | $ | 8,001 | $ | 2,853 | $ | 17,395 | $ | 28,249 | $ | 645,475 | $ | 673,724 | $ | 1,358 | |||||||||||||||||||
Loans | Loans | Loans 90 | Total | Current | Total | Loans 90 | |||||||||||||||||||||||||||
30-59 | 60-89 | or More | Loans | Loans | Loans | Days or | |||||||||||||||||||||||||||
Days Past | Days | Days Past | Past Due | More Past | |||||||||||||||||||||||||||||
Due | Past Due | Due | Due and | ||||||||||||||||||||||||||||||
Still | |||||||||||||||||||||||||||||||||
Accruing | |||||||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||||||
As of December 31, 2013: | |||||||||||||||||||||||||||||||||
Commercial, financial & agricultural | $ | 370 | $ | 70 | $ | 11 | $ | 451 | $ | 31,690 | $ | 32,141 | $ | — | |||||||||||||||||||
Real estate – construction & development | 1,008 | 89 | 325 | 1,422 | 29,754 | 31,176 | — | ||||||||||||||||||||||||||
Real estate – commercial & farmland | 6,851 | 2,064 | 1,516 | 10,431 | 169,467 | 179,898 | — | ||||||||||||||||||||||||||
Real estate – residential | 4,667 | 1,074 | 3,428 | 9,169 | 191,682 | 200,851 | — | ||||||||||||||||||||||||||
Consumer installment loans | 7 | 17 | 9 | 33 | 4,654 | 4,687 | — | ||||||||||||||||||||||||||
Total | $ | 12,903 | $ | 3,314 | $ | 5,289 | $ | 21,506 | $ | 427,247 | $ | 448,753 | $ | — | |||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||
September 30, | December 31, | September 30, | |||||||||||||||||||||||||||||||
2014 | 2013 | 2013 | |||||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||||||
Nonaccrual loans | $ | 17,007 | $ | 6,659 | $ | — | |||||||||||||||||||||||||||
Troubled debt restructurings not included above | 583 | — | — | ||||||||||||||||||||||||||||||
Total impaired loans | $ | 17,590 | $ | 6,659 | $ | — | |||||||||||||||||||||||||||
Quarter-to-date interest income recognized on impaired loans | $ | 19 | $ | — | $ | — | |||||||||||||||||||||||||||
Year-to-date interest income recognized on impaired loans | $ | 35 | $ | — | $ | — | |||||||||||||||||||||||||||
Quarter-to-date foregone interest income on impaired loans | $ | 18 | $ | — | $ | — | |||||||||||||||||||||||||||
Year-to-date foregone interest income on impaired loans | $ | 176 | $ | — | $ | — | |||||||||||||||||||||||||||
The following table presents an analysis of information pertaining to impaired purchased non-covered loans as of September 30, 2014 and December 31, 2013. There were no purchased non-covered loans as of September 30, 2013: | |||||||||||||||||||||||||||||||||
Unpaid | Recorded | Recorded | Total | Related | Three Month | Nine Month | |||||||||||||||||||||||||||
Contractual | Investment | Investment | Recorded | Allowance | Average | Average | |||||||||||||||||||||||||||
Principal | With No | With | Investment | Recorded | Recorded | ||||||||||||||||||||||||||||
Balance | Allowance | Allowance | Investment | Investment | |||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||||||
As of September 30, 2014: | |||||||||||||||||||||||||||||||||
Commercial, financial & agricultural | $ | 438 | $ | 54 | $ | — | $ | 54 | $ | — | $ | 98 | $ | 81 | |||||||||||||||||||
Real estate – construction & development | 3,794 | 2,274 | — | 2,274 | — | 2,273 | 1,501 | ||||||||||||||||||||||||||
Real estate – commercial & farmland | 12,354 | 8,776 | — | 8,776 | — | 7,712 | 5,976 | ||||||||||||||||||||||||||
Real estate – residential | 9,610 | 6,407 | — | 6,407 | — | 6,533 | 6,233 | ||||||||||||||||||||||||||
Consumer installment loans | 184 | 79 | — | 79 | — | 64 | 43 | ||||||||||||||||||||||||||
Total | $ | 26,380 | $ | 17,590 | $ | — | $ | 17,590 | $ | — | $ | 16,680 | $ | 13,834 | |||||||||||||||||||
Unpaid | Recorded | Recorded | Total | Related | Three Month | Twelve Month | |||||||||||||||||||||||||||
Contractual | Investment | Investment | Recorded | Allowance | Average | Average | |||||||||||||||||||||||||||
Principal | With No | With | Investment | Recorded | Recorded | ||||||||||||||||||||||||||||
Balance | Allowance | Allowance | Investment | Investment | |||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||||||
As of December 31, 2013: | |||||||||||||||||||||||||||||||||
Commercial, financial & agricultural | $ | 19 | $ | 11 | $ | — | $ | 11 | $ | — | $ | 1 | $ | — | |||||||||||||||||||
Real estate – construction & development | 542 | 325 | — | 325 | — | 25 | 6 | ||||||||||||||||||||||||||
Real estate – commercial & farmland | 2,673 | 1,653 | — | 1,653 | — | 126 | 32 | ||||||||||||||||||||||||||
Real estate – residential | 7,712 | 4,658 | — | 4,658 | — | 354 | 90 | ||||||||||||||||||||||||||
Consumer installment loans | 20 | 12 | — | 12 | — | 1 | — | ||||||||||||||||||||||||||
Total | $ | 10,996 | $ | 6,659 | $ | — | $ | 6,659 | $ | — | $ | 507 | $ | 128 | |||||||||||||||||||
Summary of Credit Quality Indicate Financial Receivable | ' | ||||||||||||||||||||||||||||||||
The following table presents the purchased non-covered loan portfolio by risk grade as of September 30, 2014: | |||||||||||||||||||||||||||||||||
Risk | Commercial, | Real estate - | Real estate - | Real estate - | Consumer | Other | Total | ||||||||||||||||||||||||||
Grade | financial & | construction & | commercial & | residential | installment loans | ||||||||||||||||||||||||||||
agricultural | development | farmland | |||||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||||||
10 | $ | 3,187 | $ | — | $ | — | $ | 292 | $ | 486 | $ | — | $ | 3,965 | |||||||||||||||||||
15 | 5,023 | 447 | 14,136 | 15,336 | 519 | — | 35,461 | ||||||||||||||||||||||||||
20 | 11,230 | 12,345 | 90,915 | 64,178 | 2,034 | — | 180,702 | ||||||||||||||||||||||||||
23 | 8 | — | — | 1,208 | — | — | 1,216 | ||||||||||||||||||||||||||
25 | 16,467 | 38,426 | 167,458 | 175,313 | 2,065 | — | 399,729 | ||||||||||||||||||||||||||
30 | 1,494 | 2,164 | 9,300 | 7,071 | 19 | — | 20,048 | ||||||||||||||||||||||||||
40 | 668 | 6,880 | 14,981 | 9,915 | 121 | — | 32,565 | ||||||||||||||||||||||||||
50 | — | — | — | 34 | 4 | — | 38 | ||||||||||||||||||||||||||
60 | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
Total | $ | 38,077 | $ | 60,262 | $ | 296,790 | $ | 273,347 | $ | 5,248 | $ | — | $ | 673,724 | |||||||||||||||||||
The following table presents the purchased non-covered loan portfolio by risk grade as of December 31, 2013: | |||||||||||||||||||||||||||||||||
Risk | Commercial, | Real estate - | Real estate - | Real estate - | Consumer | Other | Total | ||||||||||||||||||||||||||
Grade | financial & | construction & | commercial & | residential | installment loans | ||||||||||||||||||||||||||||
agricultural | development | farmland | |||||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||||||
10 | $ | 1,865 | $ | — | $ | — | $ | 289 | $ | 451 | $ | — | $ | 2,605 | |||||||||||||||||||
15 | 4,606 | 7 | 12,998 | 16,160 | 703 | — | 34,474 | ||||||||||||||||||||||||||
20 | 5,172 | 3,960 | 43,802 | 34,576 | 1,383 | — | 88,893 | ||||||||||||||||||||||||||
23 | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
25 | 19,638 | 20,733 | 102,260 | 129,923 | 1,888 | — | 274,442 | ||||||||||||||||||||||||||
30 | 576 | 1,760 | 9,554 | 10,878 | 194 | — | 22,962 | ||||||||||||||||||||||||||
40 | 284 | 4,716 | 11,284 | 9,025 | 68 | — | 25,377 | ||||||||||||||||||||||||||
50 | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
60 | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
Total | $ | 32,141 | $ | 31,176 | $ | 179,898 | $ | 200,851 | $ | 4,687 | $ | — | $ | 448,753 | |||||||||||||||||||
There were no purchased non-covered loans as of September 30, 2013. | |||||||||||||||||||||||||||||||||
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 non-accrual at September 30, 2014: | |||||||||||||||||||||||||||||||||
As of September 30, 2014 | Accruing Loans | Non-Accruing Loans | |||||||||||||||||||||||||||||||
Loan class: | # | Balance | # | Balance | |||||||||||||||||||||||||||||
(in thousands) | (in thousands) | ||||||||||||||||||||||||||||||||
Commercial, financial & agricultural | — | $ | — | — | $ | — | |||||||||||||||||||||||||||
Real estate – construction & development | 1 | 305 | — | — | |||||||||||||||||||||||||||||
Real estate – commercial & farmland | — | — | — | — | |||||||||||||||||||||||||||||
Real estate – residential | 4 | 275 | 2 | 247 | |||||||||||||||||||||||||||||
Consumer installment | 1 | 3 | — | — | |||||||||||||||||||||||||||||
Total | 6 | $ | 583 | 2 | $ | 247 | |||||||||||||||||||||||||||
Excluding Purchased Non-Covered and Covered Loans [Member] | ' | ||||||||||||||||||||||||||||||||
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: | |||||||||||||||||||||||||||||||||
(Dollars in Thousands) | September 30, | December 31, | September 30, | ||||||||||||||||||||||||||||||
2014 | 2013 | 2013 | |||||||||||||||||||||||||||||||
Commercial, financial and agricultural | $ | 2,695 | $ | 4,103 | $ | 4,198 | |||||||||||||||||||||||||||
Real estate – construction and development | 3,037 | 3,971 | 4,229 | ||||||||||||||||||||||||||||||
Real estate – commercial and farmland | 8,983 | 8,566 | 9,548 | ||||||||||||||||||||||||||||||
Real estate – residential | 7,608 | 12,152 | 13,303 | ||||||||||||||||||||||||||||||
Consumer installment | 487 | 411 | 442 | ||||||||||||||||||||||||||||||
$ | 22,810 | $ | 29,203 | $ | 31,720 | ||||||||||||||||||||||||||||
Summary of Past Due Financial Receivables | ' | ||||||||||||||||||||||||||||||||
The following table presents an aging analysis of loans, excluding purchased non-covered and covered past due loans as of September 30, 2014, December 31, 2013 and September 30, 2013: | |||||||||||||||||||||||||||||||||
Loans | Loans | Loans 90 | Total | Current | Total | Loans 90 | |||||||||||||||||||||||||||
30-59 | 60-89 | or More | Loans | Loans | Loans | Days or | |||||||||||||||||||||||||||
Days Past | Days | Days Past | Past Due | More Past | |||||||||||||||||||||||||||||
Due | Past Due | Due | Due and | ||||||||||||||||||||||||||||||
Still | |||||||||||||||||||||||||||||||||
Accruing | |||||||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||||||
As of September 30, 2014: | |||||||||||||||||||||||||||||||||
Commercial, financial & agricultural | $ | 271 | $ | 400 | $ | 2,483 | $ | 3,154 | $ | 331,629 | $ | 334,783 | $ | — | |||||||||||||||||||
Real estate – construction & development | 1,232 | 285 | 2,899 | 4,416 | 149,899 | 154,315 | — | ||||||||||||||||||||||||||
Real estate – commercial & farmland | 3,025 | 484 | 8,918 | 12,427 | 869,733 | 882,160 | — | ||||||||||||||||||||||||||
Real estate – residential | 4,416 | 2,085 | 7,303 | 13,804 | 422,711 | 436,515 | — | ||||||||||||||||||||||||||
Consumer installment loans | 333 | 113 | 396 | 842 | 30,561 | 31,403 | — | ||||||||||||||||||||||||||
Other | — | — | — | — | 9,583 | 9,583 | — | ||||||||||||||||||||||||||
Total | $ | 9,277 | $ | 3,367 | $ | 21,999 | $ | 34,643 | $ | 1,814,116 | $ | 1,848,759 | $ | — | |||||||||||||||||||
Loans | Loans | Loans 90 | Total | Current | Total | Loans 90 | |||||||||||||||||||||||||||
30-59 | 60-89 | or More | Loans | Loans | Loans | Days or | |||||||||||||||||||||||||||
Days Past | Days | Days Past | Past Due | More Past | |||||||||||||||||||||||||||||
Due | Past Due | Due | Due and | ||||||||||||||||||||||||||||||
Still | |||||||||||||||||||||||||||||||||
Accruing | |||||||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||||||
As of December 31, 2013: | |||||||||||||||||||||||||||||||||
Commercial, financial & agricultural | $ | 10,893 | $ | 272 | $ | 4,081 | $ | 15,246 | $ | 229,127 | $ | 244,373 | $ | — | |||||||||||||||||||
Real estate – construction & development | 1,026 | 69 | 3,935 | 5,030 | 141,341 | 146,371 | — | ||||||||||||||||||||||||||
Real estate – commercial & farmland | 3,981 | 1,388 | 7,751 | 13,120 | 795,203 | 808,323 | — | ||||||||||||||||||||||||||
Real estate – residential | 5,422 | 1,735 | 11,587 | 18,744 | 348,138 | 366,882 | — | ||||||||||||||||||||||||||
Consumer installment loans | 568 | 197 | 305 | 1,070 | 33,179 | 34,249 | — | ||||||||||||||||||||||||||
Other | — | — | — | — | 18,256 | 18,256 | — | ||||||||||||||||||||||||||
Total | $ | 21,890 | $ | 3,661 | $ | 27,659 | $ | 53,210 | $ | 1,565,244 | $ | 1,618,454 | $ | — | |||||||||||||||||||
Loans | Loans | Loans 90 | Total | Current | Total | Loans 90 | |||||||||||||||||||||||||||
30-59 | 60-89 | or More | Loans | Loans | Loans | Days or | |||||||||||||||||||||||||||
Days Past | Days | Days Past | Past Due | More Past | |||||||||||||||||||||||||||||
Due | Past Due | Due | Due and | ||||||||||||||||||||||||||||||
Still | |||||||||||||||||||||||||||||||||
Accruing | |||||||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||||||
As of September 30, 2013: | |||||||||||||||||||||||||||||||||
Commercial, financial & agricultural | $ | 623 | $ | 297 | $ | 4,107 | $ | 5,027 | $ | 239,964 | $ | 244,991 | $ | — | |||||||||||||||||||
Real estate – construction & development | 1,200 | 794 | 4,229 | 6,223 | 126,054 | 132,277 | — | ||||||||||||||||||||||||||
Real estate – commercial & farmland | 3,883 | 2,458 | 9,523 | 15,864 | 783,285 | 799,149 | — | ||||||||||||||||||||||||||
Real estate – residential | 5,515 | 3,531 | 11,818 | 20,864 | 335,056 | 355,920 | — | ||||||||||||||||||||||||||
Consumer installment loans | 497 | 255 | 327 | 1,079 | 35,224 | 36,303 | — | ||||||||||||||||||||||||||
Other | — | — | — | — | 20,627 | 20,627 | — | ||||||||||||||||||||||||||
Total | $ | 11,718 | $ | 7,335 | $ | 30,004 | $ | 49,057 | $ | 1,540,210 | $ | 1,589,267 | $ | — | |||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||
September 30, | December 31, | September 30, | |||||||||||||||||||||||||||||||
2014 | 2013 | 2013 | |||||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||||||
Nonaccrual loans | $ | 22,810 | $ | 29,203 | $ | 31,720 | |||||||||||||||||||||||||||
Troubled debt restructurings not included above | 17,261 | 17,214 | 17,024 | ||||||||||||||||||||||||||||||
Total impaired loans | $ | 40,071 | $ | 46,417 | $ | 48,744 | |||||||||||||||||||||||||||
Quarter-to-date interest income recognized on impaired loans | $ | 117 | $ | 54 | $ | 17 | |||||||||||||||||||||||||||
Year-to-date interest income recognized on impaired loans | $ | 799 | $ | 522 | $ | 468 | |||||||||||||||||||||||||||
Quarter-to-date foregone interest income on impaired loans | $ | 138 | $ | 30 | $ | 216 | |||||||||||||||||||||||||||
Year-to-date foregone interest income on impaired loans | $ | 161 | $ | 418 | $ | 388 | |||||||||||||||||||||||||||
The following table presents an analysis of information pertaining to impaired loans, excluding purchased non-covered and covered loans as of September 30, 2014, December 31, 2013 and September 30, 2013. | |||||||||||||||||||||||||||||||||
Unpaid | Recorded | Recorded | Total | Related | Three Month | Nine Month | |||||||||||||||||||||||||||
Contractual | Investment | Investment | Recorded | Allowance | Average | Average | |||||||||||||||||||||||||||
Principal | With No | With | Investment | Recorded | Recorded | ||||||||||||||||||||||||||||
Balance | Allowance | Allowance | Investment | Investment | |||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||||||
As of September 30, 2014: | |||||||||||||||||||||||||||||||||
Commercial, financial & agricultural | $ | 4,445 | $ | 8 | $ | 2,943 | $ | 2,951 | $ | 631 | $ | 2,402 | $ | 3,285 | |||||||||||||||||||
Real estate – construction & development | 8,824 | 211 | 4,743 | 4,954 | 612 | 5,243 | 5,596 | ||||||||||||||||||||||||||
Real estate – commercial & farmland | 18,955 | 7,311 | 8,753 | 16,064 | 1,698 | 16,242 | 16,312 | ||||||||||||||||||||||||||
Real estate – residential | 18,251 | 5,635 | 9,946 | 15,581 | 1,286 | 15,356 | 17,169 | ||||||||||||||||||||||||||
Consumer installment loans | 606 | — | 521 | 521 | 10 | 517 | 516 | ||||||||||||||||||||||||||
Total | $ | 51,081 | $ | 13,165 | $ | 26,906 | $ | 40,071 | $ | 4,237 | $ | 39,760 | $ | 42,878 | |||||||||||||||||||
Unpaid | Recorded | Recorded | Total | Related | Three Month | Twelve Month | |||||||||||||||||||||||||||
Contractual | Investment | Investment | Recorded | Allowance | Average | Average | |||||||||||||||||||||||||||
Principal | With No | With | Investment | Recorded | Recorded | ||||||||||||||||||||||||||||
Balance | Allowance | Allowance | Investment | Investment | |||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||||||
As of December 31, 2013: | |||||||||||||||||||||||||||||||||
Commercial, financial & agricultural | $ | 6,240 | $ | — | $ | 4,618 | $ | 4,618 | $ | 435 | $ | 4,669 | $ | 4,844 | |||||||||||||||||||
Real estate – construction & development | 11,363 | — | 5,867 | 5,867 | 512 | 6,011 | 8,341 | ||||||||||||||||||||||||||
Real estate – commercial & farmland | 18,456 | — | 15,479 | 15,479 | 1,443 | 15,860 | 17,559 | ||||||||||||||||||||||||||
Real estate – residential | 24,342 | — | 19,970 | 19,970 | 1,472 | 20,571 | 20,335 | ||||||||||||||||||||||||||
Consumer installment loans | 623 | — | 483 | 483 | 9 | 469 | 642 | ||||||||||||||||||||||||||
Total | $ | 61,024 | $ | — | $ | 46,417 | $ | 46,417 | $ | 3,871 | $ | 47,580 | $ | 51,721 | |||||||||||||||||||
Unpaid | Recorded | Recorded | Total | Related | Three Month | Twelve Month | |||||||||||||||||||||||||||
Contractual | Investment | Investment | Recorded | Allowance | Average | Average | |||||||||||||||||||||||||||
Principal | With No | With | Investment | Recorded | Recorded | ||||||||||||||||||||||||||||
Balance | Allowance | Allowance | Investment | Investment | |||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||||||
As of September 30, 2013: | |||||||||||||||||||||||||||||||||
Commercial, financial & agricultural | $ | 7,401 | $ | — | $ | 4,719 | $ | 4,719 | $ | 820 | $ | 5,052 | $ | 4,900 | |||||||||||||||||||
Real estate – construction & development | 14,299 | — | 6,155 | 6,155 | 821 | 6,775 | 8,960 | ||||||||||||||||||||||||||
Real estate – commercial & farmland | 18,628 | — | 16,241 | 16,241 | 1,999 | 16,366 | 18,079 | ||||||||||||||||||||||||||
Real estate – residential | 24,701 | — | 21,174 | 21,174 | 1,530 | 20,533 | 20,427 | ||||||||||||||||||||||||||
Consumer installment loans | 565 | — | 455 | 455 | 10 | 559 | 681 | ||||||||||||||||||||||||||
Total | $ | 65,594 | $ | — | $ | 48,744 | $ | 48,744 | $ | 5,180 | $ | 49,285 | $ | 53,047 | |||||||||||||||||||
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 September 30, 2014. | |||||||||||||||||||||||||||||||||
Risk | Commercial, | Real estate - | Real estate - | Real estate - | Consumer | Other | Total | ||||||||||||||||||||||||||
Grade | financial & | construction & | commercial & | residential | installment loans | ||||||||||||||||||||||||||||
agricultural | development | farmland | |||||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||||||
10 | $ | 114,298 | $ | 171 | $ | 251 | $ | 479 | $ | 6,287 | $ | — | $ | 121,486 | |||||||||||||||||||
15 | 29,665 | 4,114 | 136,303 | 51,508 | 1,124 | — | 222,714 | ||||||||||||||||||||||||||
20 | 110,337 | 50,427 | 478,551 | 241,457 | 17,700 | 9,583 | 908,055 | ||||||||||||||||||||||||||
23 | 186 | 9,292 | 9,574 | 9,469 | 305 | — | 28,826 | ||||||||||||||||||||||||||
25 | 73,251 | 83,245 | 217,226 | 105,635 | 4,842 | — | 484,199 | ||||||||||||||||||||||||||
30 | 3,438 | 1,781 | 16,217 | 10,060 | 254 | — | 31,750 | ||||||||||||||||||||||||||
40 | 3,608 | 5,285 | 23,950 | 17,907 | 890 | — | 51,640 | ||||||||||||||||||||||||||
50 | — | — | 88 | — | — | — | 88 | ||||||||||||||||||||||||||
60 | — | — | — | — | 1 | — | 1 | ||||||||||||||||||||||||||
Total | $ | 334,783 | $ | 154,315 | $ | 882,160 | $ | 436,515 | $ | 31,403 | $ | 9,583 | $ | 1,848,759 | |||||||||||||||||||
The following table presents the loan portfolio, excluding purchased non-covered and covered loans, by risk grade as of December 31, 2013. | |||||||||||||||||||||||||||||||||
Risk | Commercial, | Real estate - | Real estate - | Real estate - | Consumer | Other | Total | ||||||||||||||||||||||||||
Grade | financial & | construction & | commercial & | residential | installment loans | ||||||||||||||||||||||||||||
agricultural | development | farmland | |||||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||||||
10 | $ | 66,983 | $ | — | $ | 265 | $ | 419 | $ | 6,714 | $ | — | $ | 74,381 | |||||||||||||||||||
15 | 24,789 | 4,655 | 147,157 | 52,335 | 1,276 | — | 230,212 | ||||||||||||||||||||||||||
20 | 93,852 | 45,195 | 431,790 | 165,339 | 18,619 | 18,256 | 773,051 | ||||||||||||||||||||||||||
23 | 127 | 8,343 | 10,219 | 12,641 | 274 | — | 31,604 | ||||||||||||||||||||||||||
25 | 50,373 | 78,736 | 181,645 | 103,427 | 6,310 | — | 420,491 | ||||||||||||||||||||||||||
30 | 2,111 | 2,876 | 11,849 | 13,558 | 197 | — | 30,591 | ||||||||||||||||||||||||||
40 | 6,011 | 6,566 | 25,398 | 19,153 | 859 | — | 57,987 | ||||||||||||||||||||||||||
50 | 127 | — | — | 10 | — | — | 137 | ||||||||||||||||||||||||||
60 | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
Total | $ | 244,373 | $ | 146,371 | $ | 808,323 | $ | 366,882 | $ | 34,249 | $ | 18,256 | $ | 1,618,454 | |||||||||||||||||||
The following table presents the loan portfolio, excluding purchased non-covered and covered loans, by risk grade as of September 30, 2013: | |||||||||||||||||||||||||||||||||
Risk | Commercial, | Real estate - | Real estate - | Real estate - | Consumer | Other | Total | ||||||||||||||||||||||||||
Grade | financial & | construction & | commercial & | residential | installment loans | ||||||||||||||||||||||||||||
agricultural | development | farmland | |||||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||||||
10 | $ | 65,033 | $ | — | $ | 278 | $ | 420 | $ | 7,028 | $ | — | $ | 72,759 | |||||||||||||||||||
15 | 20,668 | 5,080 | 147,355 | 56,464 | 1,243 | — | 230,810 | ||||||||||||||||||||||||||
20 | 89,216 | 37,765 | 421,669 | 142,186 | 19,691 | 20,627 | 731,154 | ||||||||||||||||||||||||||
23 | 97 | 7,085 | 10,054 | 13,275 | 218 | — | 30,729 | ||||||||||||||||||||||||||
25 | 60,407 | 72,942 | 183,371 | 109,604 | 7,034 | — | 433,358 | ||||||||||||||||||||||||||
30 | 3,019 | 2,264 | 12,089 | 11,427 | 153 | — | 28,952 | ||||||||||||||||||||||||||
40 | 6,326 | 7,141 | 24,333 | 22,534 | 936 | — | 61,270 | ||||||||||||||||||||||||||
50 | 225 | — | — | 10 | — | — | 235 | ||||||||||||||||||||||||||
60 | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
Total | $ | 244,991 | $ | 132,277 | $ | 799,149 | $ | 355,920 | $ | 36,303 | $ | 20,627 | $ | 1,589,267 | |||||||||||||||||||
Summary of Troubled Debt Restructurings by Loan Class | ' | ||||||||||||||||||||||||||||||||
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 non-accrual at September 30, 2014, December 31, 2013 and September 30, 2013: | |||||||||||||||||||||||||||||||||
As of September 30, 2014 | Accruing Loans | Non-Accruing Loans | |||||||||||||||||||||||||||||||
Loan class: | # | Balance | # | Balance | |||||||||||||||||||||||||||||
(in thousands) | (in thousands) | ||||||||||||||||||||||||||||||||
Commercial, financial & agricultural | 4 | $ | 257 | 4 | $ | 507 | |||||||||||||||||||||||||||
Real estate – construction & development | 11 | 1,917 | 4 | 196 | |||||||||||||||||||||||||||||
Real estate – commercial & farmland | 21 | 7,080 | 2 | 1,672 | |||||||||||||||||||||||||||||
Real estate – residential | 43 | 7,973 | 10 | 759 | |||||||||||||||||||||||||||||
Consumer installment | 9 | 34 | 12 | 93 | |||||||||||||||||||||||||||||
Total | 88 | $ | 17,261 | 32 | $ | 3,227 | |||||||||||||||||||||||||||
As of December 31, 2013 | Accruing Loans | Non-Accruing Loans | |||||||||||||||||||||||||||||||
Loan class: | # | Balance | # | Balance | |||||||||||||||||||||||||||||
(in thousands) | (in thousands) | ||||||||||||||||||||||||||||||||
Commercial, financial & agricultural | 4 | $ | 515 | 3 | $ | 525 | |||||||||||||||||||||||||||
Real estate – construction & development | 8 | 1,896 | 2 | 32 | |||||||||||||||||||||||||||||
Real estate – commercial & farmland | 17 | 6,913 | 4 | 2,273 | |||||||||||||||||||||||||||||
Real estate – residential | 37 | 7,818 | 8 | 834 | |||||||||||||||||||||||||||||
Consumer installment | 6 | 72 | 3 | 19 | |||||||||||||||||||||||||||||
Total | 72 | $ | 17,214 | 20 | $ | 3,683 | |||||||||||||||||||||||||||
As of September 30, 2013 | Accruing Loans | Non-Accruing Loans | |||||||||||||||||||||||||||||||
Loan class: | # | Balance | # | Balance | |||||||||||||||||||||||||||||
(in thousands) | (in thousands) | ||||||||||||||||||||||||||||||||
Commercial, financial & agricultural | 4 | $ | 521 | 3 | $ | 533 | |||||||||||||||||||||||||||
Real estate – construction & development | 8 | 1,926 | 1 | 29 | |||||||||||||||||||||||||||||
Real estate – commercial & farmland | 16 | 6,693 | 3 | 1,858 | |||||||||||||||||||||||||||||
Real estate – residential | 35 | 7,871 | 7 | 704 | |||||||||||||||||||||||||||||
Consumer installment | 1 | 13 | 2 | 26 | |||||||||||||||||||||||||||||
Total | 64 | $ | 17,024 | 16 | $ | 3,150 | |||||||||||||||||||||||||||
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 of covered loans, classified separately as accrual and non-accrual at September 30, 2014, December 31, 2013 and September 30, 2013: | |||||||||||||||||||||||||||||||||
As of September 30, 2014 | Accruing Loans | Non-Accruing Loans | |||||||||||||||||||||||||||||||
Loan class: | # | Balance | # | Balance | |||||||||||||||||||||||||||||
(in thousands) | (in thousands) | ||||||||||||||||||||||||||||||||
Commercial, financial & agricultural | 1 | $ | 26 | 1 | $ | 3 | |||||||||||||||||||||||||||
Real estate – construction & development | 3 | 3,024 | 3 | 56 | |||||||||||||||||||||||||||||
Real estate – commercial & farmland | 15 | 8,501 | 6 | 1,225 | |||||||||||||||||||||||||||||
Real estate – residential | 94 | 11,202 | 13 | 965 | |||||||||||||||||||||||||||||
Consumer installment | 1 | 4 | — | — | |||||||||||||||||||||||||||||
Total | 114 | $ | 22,757 | 23 | $ | 2,249 | |||||||||||||||||||||||||||
As of December 31, 2013 | Accruing Loans | Non-Accruing Loans | |||||||||||||||||||||||||||||||
Loan class: | # | Balance | # | Balance | |||||||||||||||||||||||||||||
(in thousands) | (in thousands) | ||||||||||||||||||||||||||||||||
Commercial, financial & agricultural | 1 | $ | 13 | 5 | $ | 71 | |||||||||||||||||||||||||||
Real estate – construction & development | 3 | 3,256 | 4 | 52 | |||||||||||||||||||||||||||||
Real estate – commercial & farmland | 13 | 7,255 | 5 | 3,946 | |||||||||||||||||||||||||||||
Real estate – residential | 83 | 11,719 | 8 | 942 | |||||||||||||||||||||||||||||
Consumer installment | — | — | 2 | 10 | |||||||||||||||||||||||||||||
Total | 100 | $ | 22,243 | 24 | $ | 5,021 | |||||||||||||||||||||||||||
As of September 30, 2013 | Accruing Loans | Non-Accruing Loans | |||||||||||||||||||||||||||||||
Loan class: | # | Balance | # | Balance | |||||||||||||||||||||||||||||
(in thousands) | (in thousands) | ||||||||||||||||||||||||||||||||
Commercial, financial & agricultural | 1 | $ | 12 | 3 | $ | 40 | |||||||||||||||||||||||||||
Real estate – construction & development | 5 | 4,308 | 4 | 690 | |||||||||||||||||||||||||||||
Real estate – commercial & farmland | 11 | 6,200 | 7 | 4,805 | |||||||||||||||||||||||||||||
Real estate – residential | 79 | 10,461 | 11 | 1,874 | |||||||||||||||||||||||||||||
Consumer installment | — | — | 1 | 5 | |||||||||||||||||||||||||||||
Total | 96 | $ | 20,981 | 26 | $ | 7,414 | |||||||||||||||||||||||||||
Covered Loans [Member] | ' | ||||||||||||||||||||||||||||||||
Summary of Financial Receivable Nonaccrual Basis | ' | ||||||||||||||||||||||||||||||||
The following table presents an analysis of covered loans accounted for on a nonaccrual basis: | |||||||||||||||||||||||||||||||||
(Dollars in Thousands) | September 30, | December 31, | September 30, | ||||||||||||||||||||||||||||||
2014 | 2013 | 2013 | |||||||||||||||||||||||||||||||
Commercial, financial and agricultural | $ | 8,441 | $ | 7,257 | $ | 7,872 | |||||||||||||||||||||||||||
Real estate – construction and development | 8,896 | 14,781 | 16,582 | ||||||||||||||||||||||||||||||
Real estate – commercial and farmland | 14,617 | 33,495 | 37,079 | ||||||||||||||||||||||||||||||
Real estate – residential | 7,227 | 13,278 | 13,028 | ||||||||||||||||||||||||||||||
Consumer installment | 102 | 341 | 350 | ||||||||||||||||||||||||||||||
$ | 39,283 | $ | 69,152 | $ | 74,911 | ||||||||||||||||||||||||||||
Summary of Past Due Financial Receivables | ' | ||||||||||||||||||||||||||||||||
The following table presents an aging analysis of covered loans as of September 30, 2014, December 31, 2013 and September 30, 2013: | |||||||||||||||||||||||||||||||||
Loans | Loans | Loans 90 | Total | Current | Total | Loans 90 | |||||||||||||||||||||||||||
30-59 | 60-89 | or More | Loans | Loans | Loans | Days or | |||||||||||||||||||||||||||
Days Past | Days | Days Past | Past Due | More Past | |||||||||||||||||||||||||||||
Due | Past Due | Due | Due and | ||||||||||||||||||||||||||||||
Still | |||||||||||||||||||||||||||||||||
Accruing | |||||||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||||||
As of September 30, 2014: | |||||||||||||||||||||||||||||||||
Commercial, financial & agricultural | $ | 568 | $ | 188 | $ | 1,978 | $ | 2,734 | $ | 19,811 | $ | 22,545 | $ | — | |||||||||||||||||||
Real estate – construction & development | 632 | 72 | 8,659 | 9,363 | 18,393 | 27,756 | — | ||||||||||||||||||||||||||
Real estate – commercial & farmland | 7,100 | 322 | 8,930 | 16,352 | 164,214 | 180,566 | 305 | ||||||||||||||||||||||||||
Real estate – residential | 2,694 | 1,473 | 5,563 | 9,730 | 72,715 | 82,445 | 65 | ||||||||||||||||||||||||||
Consumer installment loans | 2 | 7 | 101 | 110 | 167 | 277 | — | ||||||||||||||||||||||||||
Total | $ | 10,996 | $ | 2,062 | $ | 25,231 | $ | 38,289 | $ | 275,300 | $ | 313,589 | $ | 370 | |||||||||||||||||||
Loans | Loans | Loans 90 | Total | Current | Total | Loans 90 | |||||||||||||||||||||||||||
30-59 | 60-89 | or More | Loans | Loans | Loans | Days or | |||||||||||||||||||||||||||
Days Past | Days | Days Past | Past Due | More Past | |||||||||||||||||||||||||||||
Due | Past Due | Due | Due and | ||||||||||||||||||||||||||||||
Still | |||||||||||||||||||||||||||||||||
Accruing | |||||||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||||||
As of December 31, 2013: | |||||||||||||||||||||||||||||||||
Commercial, financial & agricultural | $ | 3,966 | $ | 12 | $ | 6,165 | $ | 10,143 | $ | 16,407 | $ | 26,550 | $ | — | |||||||||||||||||||
Real estate – construction & development | 843 | 144 | 14,055 | 15,042 | 28,137 | 43,179 | — | ||||||||||||||||||||||||||
Real estate – commercial & farmland | 8,482 | 4,350 | 26,428 | 39,260 | 185,191 | 224,451 | 346 | ||||||||||||||||||||||||||
Real estate – residential | 7,648 | 1,914 | 10,244 | 19,806 | 75,367 | 95,173 | — | ||||||||||||||||||||||||||
Consumer installment loans | 51 | 14 | 305 | 370 | 514 | 884 | — | ||||||||||||||||||||||||||
Total | $ | 20,990 | $ | 6,434 | $ | 57,197 | $ | 84,621 | $ | 305,616 | $ | 390,237 | $ | 346 | |||||||||||||||||||
Loans | Loans | Loans 90 | Total | Current | Total | Loans 90 | |||||||||||||||||||||||||||
30-59 | 60-89 | or More | Loans | Loans | Loans | Days or | |||||||||||||||||||||||||||
Days Past | Days | Days Past | Past Due | More Past | |||||||||||||||||||||||||||||
Due | Past Due | Due | Due and | ||||||||||||||||||||||||||||||
Still | |||||||||||||||||||||||||||||||||
Accruing | |||||||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||||||
As of September 30, 2013: | |||||||||||||||||||||||||||||||||
Commercial, financial & agricultural | $ | 319 | $ | 50 | $ | 6,695 | $ | 7,064 | $ | 20,704 | $ | 27,768 | $ | — | |||||||||||||||||||
Real estate – construction & development | 2,831 | 658 | 15,781 | 19,270 | 31,432 | 50,702 | 266 | ||||||||||||||||||||||||||
Real estate – commercial & farmland | 7,365 | 5,350 | 30,503 | 43,218 | 193,868 | 237,086 | 568 | ||||||||||||||||||||||||||
Real estate – residential | 2,980 | 1,727 | 11,078 | 15,785 | 85,361 | 101,146 | 823 | ||||||||||||||||||||||||||
Consumer installment loans | 49 | — | 311 | 360 | 587 | 947 | — | ||||||||||||||||||||||||||
Total | $ | 13,544 | $ | 7,785 | $ | 64,368 | $ | 85,697 | $ | 331,952 | $ | 417,649 | $ | 1,657 | |||||||||||||||||||
Summary of Impaired Financial Receivables | ' | ||||||||||||||||||||||||||||||||
The following is a summary of information pertaining to covered impaired loans: | |||||||||||||||||||||||||||||||||
As of and For the Period Ended | |||||||||||||||||||||||||||||||||
September 30, | December 31, | September 30, | |||||||||||||||||||||||||||||||
2014 | 2013 | 2013 | |||||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||||||
Nonaccrual loans | $ | 39,283 | $ | 69,152 | $ | 74,911 | |||||||||||||||||||||||||||
Troubled debt restructurings not included above | 22,757 | 22,243 | 21,184 | ||||||||||||||||||||||||||||||
Total impaired loans | $ | 62,040 | $ | 91,395 | $ | 96,095 | |||||||||||||||||||||||||||
Quarter-to-date interest income recognized on impaired loans | $ | 176 | $ | 175 | $ | 9 | |||||||||||||||||||||||||||
Year-to-date interest income recognized on impaired loans | $ | 1,115 | $ | 968 | $ | 793 | |||||||||||||||||||||||||||
Quarter-to-date foregone interest income on impaired loans | $ | — | $ | 44 | $ | 44 | |||||||||||||||||||||||||||
Year-to-date foregone interest income on impaired loans | $ | 94 | $ | 330 | $ | 286 | |||||||||||||||||||||||||||
The following table presents an analysis of information pertaining to impaired covered loans as of September 30, 2014, December 31, 2013 and September 30, 2013: | |||||||||||||||||||||||||||||||||
Unpaid | Recorded | Recorded | Total | Related | Three Month | Nine Month | |||||||||||||||||||||||||||
Contractual | Investment | Investment | Recorded | Allowance | Average | Average | |||||||||||||||||||||||||||
Principal | With No | With | Investment | Recorded | Recorded | ||||||||||||||||||||||||||||
Balance | Allowance | Allowance | Investment | Investment | |||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||||||
As of September 30, 2014: | |||||||||||||||||||||||||||||||||
Commercial, financial & agricultural | $ | 11,356 | $ | 8,467 | $ | — | $ | 8,467 | $ | — | $ | 10,367 | $ | 9,511 | |||||||||||||||||||
Real estate – construction & development | 13,268 | 11,920 | — | 11,920 | — | 11,484 | 14,760 | ||||||||||||||||||||||||||
Real estate – commercial & farmland | 26,624 | 23,118 | — | 23,118 | — | 23,562 | 29,904 | ||||||||||||||||||||||||||
Real estate – residential | 20,331 | 18,430 | — | 18,430 | — | 19,112 | 21,456 | ||||||||||||||||||||||||||
Consumer installment loans | 134 | 105 | — | 105 | — | 116 | 177 | ||||||||||||||||||||||||||
Total | $ | 71,713 | $ | 62,040 | $ | — | $ | 62,040 | $ | — | $ | 64,641 | $ | 75,808 | |||||||||||||||||||
Unpaid | Recorded | Recorded | Total | Related | Three Month | Twelve Month | |||||||||||||||||||||||||||
Contractual | Investment | Investment | Recorded | Allowance | Average | Average | |||||||||||||||||||||||||||
Principal | With No | With | Investment | Recorded | Recorded | ||||||||||||||||||||||||||||
Balance | Allowance | Allowance | Investment | Investment | |||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||||||
As of December 31, 2013: | |||||||||||||||||||||||||||||||||
Commercial, financial & agricultural | $ | 9,680 | $ | 7,270 | $ | — | $ | 7,270 | $ | — | $ | 7,577 | $ | 8,696 | |||||||||||||||||||
Real estate – construction & development | 20,915 | 18,037 | — | 18,037 | — | 19,464 | 21,794 | ||||||||||||||||||||||||||
Real estate – commercial & farmland | 46,612 | 40,749 | — | 40,749 | — | 42,014 | 51,584 | ||||||||||||||||||||||||||
Real estate – residential | 29,089 | 24,998 | — | 24,998 | — | 24,345 | 28,452 | ||||||||||||||||||||||||||
Consumer installment loans | 394 | 341 | — | 341 | — | 346 | 304 | ||||||||||||||||||||||||||
Total | $ | 106,690 | $ | 91,395 | $ | — | $ | 91,395 | $ | — | $ | 93,745 | $ | 110,830 | |||||||||||||||||||
Unpaid | Recorded | Recorded | Total | Related | Three Month | Nine Month | |||||||||||||||||||||||||||
Contractual | Investment | Investment | Recorded | Allowance | Average | Average | |||||||||||||||||||||||||||
Principal | With No | With | Investment | Recorded | Recorded | ||||||||||||||||||||||||||||
Balance | Allowance | Allowance | Investment | Investment | |||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||||||
As of September 30, 2013: | |||||||||||||||||||||||||||||||||
Commercial, financial & agricultural | $ | 10,645 | $ | 7,884 | $ | — | $ | 7,884 | $ | — | $ | 8,327 | $ | 9,052 | |||||||||||||||||||
Real estate – construction & development | 25,401 | 20,890 | — | 20,890 | — | 21,860 | 22,734 | ||||||||||||||||||||||||||
Real estate – commercial & farmland | 51,105 | 43,279 | — | 43,279 | — | 48,558 | 54,292 | ||||||||||||||||||||||||||
Real estate – residential | 28,078 | 23,692 | — | 23,692 | — | 24,810 | 29,316 | ||||||||||||||||||||||||||
Consumer installment loans | 404 | 350 | — | 350 | — | 318 | 295 | ||||||||||||||||||||||||||
Total | $ | 115,633 | $ | 96,095 | $ | — | $ | 96,095 | $ | — | $ | 103,872 | $ | 115,689 | |||||||||||||||||||
Summary of Credit Quality Indicate Financial Receivable | ' | ||||||||||||||||||||||||||||||||
The following table presents the covered loan portfolio by risk grade as of September 30, 2014: | |||||||||||||||||||||||||||||||||
Risk | Commercial, | Real estate - | Real estate - | Real estate - | Consumer | Other | Total | ||||||||||||||||||||||||||
Grade | financial & | construction & | commercial & | residential | installment loans | ||||||||||||||||||||||||||||
agricultural | development | farmland | |||||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||||||
10 | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||||
15 | — | 2 | 795 | 531 | — | — | 1,328 | ||||||||||||||||||||||||||
20 | 1,302 | 3,380 | 33,200 | 15,957 | 71 | — | 53,910 | ||||||||||||||||||||||||||
23 | 145 | 547 | 14,640 | 5,815 | — | — | 21,147 | ||||||||||||||||||||||||||
25 | 5,687 | 11,725 | 89,201 | 35,344 | 41 | — | 141,998 | ||||||||||||||||||||||||||
30 | 4,827 | 3,006 | 8,808 | 8,649 | 43 | — | 25,333 | ||||||||||||||||||||||||||
40 | 10,584 | 9,096 | 33,922 | 16,149 | 122 | — | 69,873 | ||||||||||||||||||||||||||
50 | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
60 | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
Total | $ | 22,545 | $ | 27,756 | $ | 180,566 | $ | 82,445 | $ | 277 | $ | — | $ | 313,589 | |||||||||||||||||||
The following table presents the covered loan portfolio by risk grade as of December 31, 2013: | |||||||||||||||||||||||||||||||||
Risk | Commercial, | Real estate - | Real estate - | Real estate - | Consumer | Other | Total | ||||||||||||||||||||||||||
Grade | financial & | construction & | commercial & | residential | installment loans | ||||||||||||||||||||||||||||
agricultural | development | farmland | |||||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||||||
10 | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||||
15 | — | 16 | 1,048 | 638 | — | — | 1,702 | ||||||||||||||||||||||||||
20 | 2,184 | 8,549 | 34,674 | 21,363 | 193 | — | 66,963 | ||||||||||||||||||||||||||
23 | 134 | 1,085 | 17,037 | 4,748 | 51 | — | 23,055 | ||||||||||||||||||||||||||
25 | 7,508 | 9,611 | 101,657 | 38,427 | 235 | — | 157,438 | ||||||||||||||||||||||||||
30 | 5,125 | 2,006 | 21,297 | 6,979 | 17 | — | 35,424 | ||||||||||||||||||||||||||
40 | 11,599 | 21,912 | 48,738 | 23,018 | 388 | — | 105,655 | ||||||||||||||||||||||||||
50 | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
60 | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
Total | $ | 26,550 | $ | 43,179 | $ | 224,451 | $ | 95,173 | $ | 884 | $ | — | $ | 390,237 | |||||||||||||||||||
The following table presents the covered loan portfolio by risk grade as of September 30, 2013: | |||||||||||||||||||||||||||||||||
Risk | Commercial, | Real estate - | Real estate - | Real estate - | Consumer | Other | Total | ||||||||||||||||||||||||||
Grade | financial & | construction & | commercial & | residential | installment loans | ||||||||||||||||||||||||||||
agricultural | development | farmland | |||||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||||||
10 | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||||
15 | — | 22 | 1,098 | 641 | — | — | 1,761 | ||||||||||||||||||||||||||
20 | 2,697 | 11,347 | 34,252 | 22,545 | 208 | — | 71,049 | ||||||||||||||||||||||||||
23 | 135 | 1,080 | 16,708 | 2,902 | 51 | — | 20,876 | ||||||||||||||||||||||||||
25 | 7,609 | 7,360 | 108,886 | 39,632 | 250 | — | 163,737 | ||||||||||||||||||||||||||
30 | 1,485 | 5,505 | 24,790 | 9,196 | 14 | — | 40,990 | ||||||||||||||||||||||||||
40 | 15,842 | 25,388 | 51,352 | 26,230 | 424 | — | 119,236 | ||||||||||||||||||||||||||
50 | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
60 | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
Total | $ | 27,768 | $ | 50,702 | $ | 237,086 | $ | 101,146 | $ | 947 | $ | — | $ | 417,649 | |||||||||||||||||||
Assets_Acquired_in_FDICAssiste1
Assets Acquired in FDIC-Assisted Acquisitions (Tables) | 9 Months Ended | ||||||||||||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||||||||||||
Banking and Thrift [Abstract] | ' | ||||||||||||||||||||||||||||||||
Schedule of Acquisition Details | ' | ||||||||||||||||||||||||||||||||
From October 2009 through July 2012, the Company participated in ten FDIC-assisted acquisitions whereby the Company purchased certain failed institutions out of the FDIC’s receivership. These institutions include the following: | |||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||
Components of Covered Assets | ' | ||||||||||||||||||||||||||||||||
The following table summarizes components of all covered assets at September 30, 2014, December 31, 2013 and September 30, 2013 and their origin: | |||||||||||||||||||||||||||||||||
Covered loans | Less: Fair | Total | OREO | Less: Fair | Total | Total | FDIC | ||||||||||||||||||||||||||
value | covered | value | covered | covered | loss-share | ||||||||||||||||||||||||||||
adjustments | loans | adjustments | OREO | assets | receivable | ||||||||||||||||||||||||||||
As of September 30, 2014: | |||||||||||||||||||||||||||||||||
AUB | $ | 8,902 | $ | — | $ | 8.902 | $ | 666 | $ | — | $ | 666 | $ | 9,568 | $ | 882 | |||||||||||||||||
USB | 13,576 | 351 | 13,225 | 2,134 | 48 | 2,086 | 15,311 | (439 | ) | ||||||||||||||||||||||||
SCB | 28,534 | 789 | 27,745 | 2,665 | 308 | 2,357 | 30,102 | 1,855 | |||||||||||||||||||||||||
FBJ | 22,421 | 2,346 | 20,075 | 1,578 | 90 | 1,488 | 21,563 | 2,138 | |||||||||||||||||||||||||
DBT | 75,683 | 8,531 | 67,152 | 9,804 | 1,024 | 8,780 | 75,932 | 9,337 | |||||||||||||||||||||||||
TBC | 25,577 | 1,465 | 24,112 | 3,552 | 394 | 3,158 | 27,270 | 2,542 | |||||||||||||||||||||||||
HTB | 54,317 | 5,761 | 48,556 | 3,477 | 1,239 | 2,238 | 50,794 | 7,152 | |||||||||||||||||||||||||
OGB | 48,889 | 4,160 | 44,729 | 2,244 | 39 | 2,205 | 46,934 | 5,803 | |||||||||||||||||||||||||
CBG | 67,273 | 8,180 | 59,093 | 7,195 | 1,290 | 5,905 | 64,998 | 8,963 | |||||||||||||||||||||||||
Total | $ | 345,172 | $ | 31,583 | $ | 313,589 | $ | 33,315 | $ | 4,432 | $ | 28,883 | $ | 342,472 | $ | 38,233 | |||||||||||||||||
Covered loans | Less: Fair | Total | OREO | Less: Fair | Total | Total | FDIC | ||||||||||||||||||||||||||
value | covered | value | covered | covered | loss-share | ||||||||||||||||||||||||||||
adjustments | loans | adjustments | OREO | assets | receivable | ||||||||||||||||||||||||||||
As of December 31, 2013: | |||||||||||||||||||||||||||||||||
AUB | $ | 15,787 | $ | 231 | $ | 15,556 | $ | 4,264 | $ | — | $ | 4,264 | $ | 19,820 | $ | 1,452 | |||||||||||||||||
USB | 18,504 | 1,427 | 17,077 | 2,865 | 141 | 2,724 | 19,801 | 889 | |||||||||||||||||||||||||
SCB | 34,637 | 1,483 | 33,154 | 3,461 | 303 | 3,158 | 36,312 | 3,175 | |||||||||||||||||||||||||
FBJ | 25,891 | 3,730 | 22,161 | 1,880 | 242 | 1,638 | 23,799 | 3,689 | |||||||||||||||||||||||||
DBT | 105,157 | 17,819 | 87,338 | 17,023 | 1,282 | 15,741 | 103,079 | 18,724 | |||||||||||||||||||||||||
TBC | 32,590 | 2,354 | 30,236 | 4,844 | 745 | 4,099 | 34,335 | 3,721 | |||||||||||||||||||||||||
HTB | 67,126 | 7,359 | 59,767 | 6,374 | 2,304 | 4,070 | 63,837 | 9,325 | |||||||||||||||||||||||||
OGB | 58,512 | 5,067 | 53,445 | 7,506 | 2,984 | 4,522 | 57,967 | 9,645 | |||||||||||||||||||||||||
CBG | 85,118 | 13,615 | 71,503 | 7,610 | 1,933 | 5,677 | 77,180 | 14,821 | |||||||||||||||||||||||||
Total | $ | 443,322 | $ | 53,085 | $ | 390,237 | $ | 55,827 | $ | 9,934 | $ | 45,893 | $ | 436,130 | $ | 65,441 | |||||||||||||||||
Covered loans | Less: Fair | Total | OREO | Less: Fair | Total | Total | FDIC loss-share | ||||||||||||||||||||||||||
value | covered | value | covered | covered | receivable | ||||||||||||||||||||||||||||
adjustments | loans | adjustments | OREO | assets | |||||||||||||||||||||||||||||
As of September 30, 2013: | |||||||||||||||||||||||||||||||||
AUB | $ | 19,336 | $ | 915 | $ | 18,421 | $ | 3,338 | $ | 3 | $ | 3,335 | $ | 21,756 | $ | 3,704 | |||||||||||||||||
USB | 21,168 | 1,665 | 19,503 | 3,066 | 139 | 2,927 | 22,430 | 2,796 | |||||||||||||||||||||||||
SCB | 35,555 | 1,902 | 33,653 | 5,348 | 429 | 4,919 | 38,572 | 4,020 | |||||||||||||||||||||||||
FBJ | 27,222 | 3,965 | 23,257 | 1,582 | 170 | 1,412 | 24,669 | 4,990 | |||||||||||||||||||||||||
DBT | 116,685 | 21,739 | 94,946 | 19,720 | 1,639 | 18,081 | 113,027 | 23,955 | |||||||||||||||||||||||||
TBC | 35,588 | 2,573 | 33,015 | 5,912 | 843 | 5,069 | 38,084 | 4,315 | |||||||||||||||||||||||||
HTB | 70,156 | 8,273 | 61,883 | 6,998 | 2,445 | 4,553 | 66,436 | 11,065 | |||||||||||||||||||||||||
OGB | 63,794 | 6,766 | 57,028 | 9,921 | 3,918 | 6,003 | 63,031 | 9,458 | |||||||||||||||||||||||||
CBG | 92,755 | 16,812 | 75,943 | 8,299 | 2,046 | 6,253 | 82,196 | 17,460 | |||||||||||||||||||||||||
Total | $ | 482,259 | $ | 64,610 | $ | 417,649 | $ | 64,184 | $ | 11,632 | $ | 52,552 | $ | 470,201 | $ | 81,763 | |||||||||||||||||
Loan-by-Loan Basis Performance of Fair Value Adjustments | ' | ||||||||||||||||||||||||||||||||
The adjustments are performed on a loan-by-loan basis and have resulted in the following adjustments for the nine months ended September 30, 2014, the year ended December 31, 2013 and the nine months ended September 30, 2013: | |||||||||||||||||||||||||||||||||
Total Amounts | September 30, | December 31, | September 30, | ||||||||||||||||||||||||||||||
2014 | 2013 | 2013 | |||||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||||||
Adjustments needed where the Company’s initial estimate of cash flows were underestimated: (recorded with a reclassification from non-accretable difference to accretable discount to be accreted into income over remaining term of the loan) | $ | 16,070 | $ | 51,003 | $ | 50,703 | |||||||||||||||||||||||||||
Adjustments needed where the Company’s initial estimate of cash flows were overstated: (recorded through a provision for loan losses) | 3,425 | 7,695 | 6,305 | ||||||||||||||||||||||||||||||
Amounts reflected in the Company’s Statement of Operations | September 30, | December 31, | September 30, | ||||||||||||||||||||||||||||||
2014 | 2013 | 2013 | |||||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||||||
Adjustments needed where the Company’s initial estimate of cash flows were underestimated: (recorded with a reclassification from non-accretable difference to accretable discount to be accreted into income over remaining term of the loan) | $ | 3,214 | $ | 10,201 | $ | 10,141 | |||||||||||||||||||||||||||
Adjustments needed where the Company’s initial estimate of cash flows were overstated: (recorded through a provision for loan losses) | 685 | 1,539 | 1,261 | ||||||||||||||||||||||||||||||
Changes in FDIC Shared-Loss Receivable | ' | ||||||||||||||||||||||||||||||||
Changes in the FDIC shared-loss receivable for the nine months ended September 30, 2014, for the year ended December 31, 2013 and for the nine months ended September 30, 2013 are as follows: | |||||||||||||||||||||||||||||||||
(Dollars in Thousands) | September 30, | December 31, | September 30, | ||||||||||||||||||||||||||||||
2014 | 2013 | 2013 | |||||||||||||||||||||||||||||||
Balance, January 1 | $ | 65,441 | $ | 159,724 | $ | 159,724 | |||||||||||||||||||||||||||
Indemnification asset recorded in acquisitions | — | — | — | ||||||||||||||||||||||||||||||
Payments received from FDIC | (18,509 | ) | (68,822 | ) | (58,240 | ) | |||||||||||||||||||||||||||
Effect of change in expected cash flows on covered assets | (8,699 | ) | (25,461 | ) | (19,721 | ) | |||||||||||||||||||||||||||
Ending balance | $ | 38,233 | $ | 65,441 | $ | 81,763 | |||||||||||||||||||||||||||
WEIGHTED_AVERAGE_SHARES_OUTSTA1
WEIGHTED AVERAGE SHARES OUTSTANDING (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||
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 Months | For the Nine Months | ||||||||||||||||
Ended September 30, | Ended September 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
(Share Data in | (Share Data in | ||||||||||||||||
Thousands) | Thousands) | ||||||||||||||||
Basic shares outstanding | 26,773 | 23,901 | 25,705 | 23,883 | |||||||||||||
Plus: Dilutive effect of ISOs | 111 | 62 | 116 | 62 | |||||||||||||
Plus: Dilutive effect of Restricted grants | 277 | 353 | 278 | 353 | |||||||||||||
Diluted shares outstanding | 27,161 | 24,316 | 26,099 | 24,298 | |||||||||||||
Other_Borrowings_Tables
Other Borrowings (Tables) | 9 Months Ended | ||||||||||||
Sep. 30, 2014 | |||||||||||||
Debt Disclosure [Abstract] | ' | ||||||||||||
Summary of Other Borrowings | ' | ||||||||||||
Details of other borrowings, including contractual interest rates and maturity dates are included in the following table: | |||||||||||||
(Dollars in Thousands) | September 30, | December 31, | September 30, | ||||||||||
2014 | 2013 | 2013 | |||||||||||
Daily Rate Credit from Federal Home Loan Bank with a fixed interest rate of 0.36% | $ | 75,000 | $ | — | $ | — | |||||||
Advance from Federal Home Loan Bank with a fixed interest rate of 0.16%, due October 24, 2014 | 25,000 | — | — | ||||||||||
Advance from Federal Home Loan Bank with a fixed interest rate of 0.17%, due January 24, 2014 | — | 165,000 | — | ||||||||||
Advances under revolving credit agreement with a regional bank with interest at 90-day LIBOR plus 3.50% (3.73% at September 30, 2014) due in August 2016, secured by subsidiary bank stock | 22,500 | — | — | ||||||||||
Advances under revolving credit agreement with a regional bank with interest at 90-day LIBOR plus 4.00% (4.24% and 4.27% at December 31, 2013 and September 30, 2013) due in August 2016, secured by subsidiary bank stock | — | 10,000 | 5,000 | ||||||||||
Advance from correspondent bank with a fixed interest rate of 4.50%, due November 27, 2017, secured by subsidiary bank loan receivable | 4,909 | — | — | ||||||||||
Subordinated debt issued by Prosperity Bank due June 2016 with an interest rate of 90-day LIBOR plus 1.60% (1.83% and 1.84% at September 30, 2014 and December 31, 2013) | 5,000 | 5,000 | — | ||||||||||
Subordinated debt issued by The Prosperity Banking Company due September 2016 with an interest rate of 90-day LIBOR plus 1.75% (1.98% and 1.99% at September 30, 2014 and December 31, 2013) | 15,000 | 14,572 | — | ||||||||||
Total | $ | 147,409 | $ | 194,572 | $ | 5,000 | |||||||
Commitments_Tables
Commitments (Tables) | 9 Months Ended | ||||||||||||
Sep. 30, 2014 | |||||||||||||
Commitments and Contingencies Disclosure [Abstract] | ' | ||||||||||||
Summary of Commitments to Extend Credit and Standby Letters of Credit | ' | ||||||||||||
The Company’s commitments to extend credit and standby letters of credit are presented in the following table: | |||||||||||||
(Dollars in Thousands) | September 30, | December 31, | September 30, | ||||||||||
2014 | 2013 | 2013 | |||||||||||
Commitments to extend credit | $ | 332,808 | $ | 257,195 | $ | 208,303 | |||||||
Standby letters of credit | $ | 9,168 | $ | 7,665 | $ | 6,954 | |||||||
Mortgage interest rate lock commitments | $ | 2,295 | $ | 1,180 | $ | 2,506 |
ACCUMULATED_OTHER_COMPREHENSIV1
ACCUMULATED OTHER COMPREHENSIVE INCOME (Tables) | 9 Months Ended | ||||||||||||
Sep. 30, 2014 | |||||||||||||
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 September 30, 2014 and 2013: | |||||||||||||
(Dollars in Thousands) | Unrealized Gain (Loss) | Unrealized Gain (Loss) | Accumulated Other | ||||||||||
on Derivatives | on Securities | Comprehensive Income | |||||||||||
(Loss) | |||||||||||||
Balance, January 1, 2014 | $ | 1,397 | $ | (1,691 | ) | $ | (294 | ) | |||||
Reclassification for gains included in net income | — | (90 | ) | (90 | ) | ||||||||
Current year changes | (489 | ) | 4,847 | 4,358 | |||||||||
Balance, September 30, 2014 | $ | 908 | $ | 3,066 | $ | 3,974 | |||||||
(Dollars in Thousands) | Unrealized Gain (Loss) | Unrealized Gain (Loss) | Accumulated Other | ||||||||||
on Derivatives | on Securities | Comprehensive Income | |||||||||||
(Loss) | |||||||||||||
Balance, January 1, 2013 | $ | (23 | ) | $ | 6,630 | $ | 6,607 | ||||||
Reclassification for gains included in net income | — | (111 | ) | (111 | ) | ||||||||
Current year changes | 1,098 | (8,125 | ) | (7,027 | ) | ||||||||
Balance, September 30, 2013 | $ | 1,075 | $ | (1,606 | ) | $ | (531 | ) | |||||
FAIR_VALUE_OF_FINANCIAL_INSTRU1
FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables) | 9 Months Ended | ||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||||||
Difference Between Fair Value and Principal Balance for Mortgage Loans Held for Sale Measured at Fair Valueir Value Inputs, Assets, Quantitative Information [Table Text Block] | ' | ||||||||||||||||||||
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 September 30, 2014, December 31, 213 and September 31, 2013: | |||||||||||||||||||||
September 30, | December 31, | September 30, | |||||||||||||||||||
2014 | 2013 | 2013 | |||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||
Aggregate Fair Value of Mortgage Loans held for sale | $ | 110,059 | $ | 67,278 | $ | 69,634 | |||||||||||||||
Aggregate Unpaid Principal Balance | $ | 105,882 | $ | 65,522 | $ | 67,406 | |||||||||||||||
Past due loans of 90 days or more | $ | — | $ | — | $ | — | |||||||||||||||
Nonaccrual loans | $ | — | $ | — | $ | — | |||||||||||||||
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 September 30, 2014 Using: | |||||||||||||||||||||
Carrying | Level 1 | Level 2 | Level 3 | Total | |||||||||||||||||
Amount | |||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||
Financial assets: | |||||||||||||||||||||
Cash and due from banks | $ | 69,421 | $ | 69,421 | $ | — | $ | — | $ | 69,421 | |||||||||||
Federal funds sold and interest-bearing accounts | $ | 40,165 | $ | 40,165 | $ | — | $ | — | $ | 40,165 | |||||||||||
Loans, net | $ | 2,778,026 | $ | — | $ | — | $ | 2,773,291 | $ | 2,773,291 | |||||||||||
FDIC loss-share receivable | $ | 38,233 | $ | — | $ | — | $ | 21,397 | $ | 21,397 | |||||||||||
Accrued interest receivable | $ | 17,171 | $ | 17,171 | $ | — | $ | — | $ | 17,171 | |||||||||||
Financial liabilities: | |||||||||||||||||||||
Deposits | 3,373,119 | — | 3,374,055 | — | 3,374,055 | ||||||||||||||||
Securities sold under agreements to repurchase | 32,351 | 32,351 | — | — | 32,351 | ||||||||||||||||
Other borrowings | 147,409 | — | 147,409 | — | 147,409 | ||||||||||||||||
Accrued interest payable | 1,444 | 1,444 | — | — | 1,444 | ||||||||||||||||
Subordinated deferrable interest debentures | 65,084 | — | 46,214 | — | 46,214 | ||||||||||||||||
Fair Value Measurements at December 31, 2013 Using: | |||||||||||||||||||||
Carrying | Level 1 | Level 2 | Level 3 | Total | |||||||||||||||||
Amount | |||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||
Financial assets: | |||||||||||||||||||||
Cash and due from banks | $ | 62,955 | $ | 62,955 | $ | — | $ | — | $ | 62,995 | |||||||||||
Federal funds sold and interest-bearing accounts | $ | 204,984 | $ | 204,984 | $ | — | $ | — | $ | 204,984 | |||||||||||
Loans, net | $ | 2,392,521 | $ | — | $ | — | $ | 2,404,909 | $ | 2,404,909 | |||||||||||
FDIC loss-share receivable | $ | 65,441 | $ | — | $ | — | $ | 61,317 | $ | 61,317 | |||||||||||
Accrued interest receivable | $ | 15,071 | $ | 15,071 | $ | — | $ | — | $ | 15,071 | |||||||||||
Financial liabilities: | |||||||||||||||||||||
Deposits | 2,999,231 | — | 3,000,061 | — | 3,000,061 | ||||||||||||||||
Securities sold under agreements to repurchase | 83,516 | 83,516 | — | — | 83,516 | ||||||||||||||||
Other borrowings | 194,572 | — | 194,572 | — | 194,572 | ||||||||||||||||
Accrued interest payable | 1,431 | 1,431 | — | — | 1,431 | ||||||||||||||||
Subordinated deferrable interest debentures | 55,466 | — | 36,277 | — | 36,277 | ||||||||||||||||
Fair Value Measurements at September 30, 2013 Using: | |||||||||||||||||||||
Carrying | Level 1 | Level 2 | Level 3 | Total | |||||||||||||||||
Amount | |||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||
Financial assets: | |||||||||||||||||||||
Cash and due from banks | $ | 53,516 | $ | 53,516 | $ | — | $ | — | $ | 53,516 | |||||||||||
Federal funds sold and interest-bearing accounts | $ | 73,899 | $ | 73,899 | $ | — | $ | — | $ | 73,899 | |||||||||||
Loans, net | $ | 1,939,498 | $ | — | $ | — | $ | 1,912,634 | $ | 1,912,634 | |||||||||||
FDIC loss-share receivable | $ | 81,763 | $ | — | $ | — | $ | 76,346 | $ | 76,346 | |||||||||||
Accrued interest receivable | $ | 13,030 | $ | 13,030 | $ | — | $ | — | $ | 13,030 | |||||||||||
Financial liabilities: | |||||||||||||||||||||
Deposits | 2,443,421 | — | 2,444,244 | — | 2,444,244 | ||||||||||||||||
Securities sold under agreements to repurchase | 20,255 | 20,255 | — | — | 20,255 | ||||||||||||||||
Accrued interest payable | 831 | 831 | — | — | 831 | ||||||||||||||||
Subordinated Deferrable Interest Debentures | 42,269 | — | 23,331 | — | 23,331 | ||||||||||||||||
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 September 30, 2014, December 31, 2013 and September 30, 2013 (dollars in thousands): | |||||||||||||||||||||
Fair Value Measurements on a Recurring Basis | |||||||||||||||||||||
As of September 30, 2014 | |||||||||||||||||||||
Fair Value | Quoted Prices | Significant | Significant | ||||||||||||||||||
in Active | Other | Unobservable | |||||||||||||||||||
Markets for | Observable | Inputs | |||||||||||||||||||
Identical | Inputs | (Level 3) | |||||||||||||||||||
Assets | (Level 2) | ||||||||||||||||||||
(Level 1) | |||||||||||||||||||||
U.S. government agencies | $ | 14,460 | $ | — | $ | 14,460 | $ | — | |||||||||||||
State, county and municipal securities | 137,635 | — | 137,635 | — | |||||||||||||||||
Corporate debt securities | 10,965 | — | 8,465 | 2,500 | |||||||||||||||||
Mortgage-backed securities | 366,449 | 10,273 | 356,176 | — | |||||||||||||||||
Mortgage loans held for sale | 110,059 | — | 110,059 | — | |||||||||||||||||
IRLCs and forward contracts | 2,295 | — | 2,295 | — | |||||||||||||||||
Total recurring assets at fair value | $ | 641,863 | $ | 10,273 | $ | 629,090 | $ | 2,500 | |||||||||||||
Derivative financial instruments | $ | 807 | $ | — | $ | 807 | $ | — | |||||||||||||
Total recurring liabilities at fair value | $ | 807 | $ | — | $ | 807 | $ | — | |||||||||||||
Fair Value Measurements on a Recurring Basis | |||||||||||||||||||||
As of December 31, 2013 | |||||||||||||||||||||
Fair Value | Quoted Prices | Significant | Significant | ||||||||||||||||||
in Active | Other | Unobservable | |||||||||||||||||||
Markets for | Observable | Inputs | |||||||||||||||||||
Identical | Inputs | (Level 3) | |||||||||||||||||||
Assets | (Level 2) | ||||||||||||||||||||
(Level 1) | |||||||||||||||||||||
U.S. government agencies | $ | 13,926 | $ | — | $ | 13,926 | $ | — | |||||||||||||
State, county and municipal securities | 112,754 | — | 112,754 | — | |||||||||||||||||
Collateralized debt obligations | 1,480 | 1,480 | — | — | |||||||||||||||||
Corporate debt securities | 10,325 | — | 8,325 | 2,000 | |||||||||||||||||
Mortgage-backed securities | 347,750 | 182,461 | 165,289 | — | |||||||||||||||||
Mortgage loans held for sale | 67,278 | — | 67,278 | — | |||||||||||||||||
IRLCs and forward contracts | 1,180 | — | 1,180 | — | |||||||||||||||||
Total recurring assets at fair value | $ | 554,693 | $ | 183,941 | $ | 368,752 | $ | 2,000 | |||||||||||||
Derivative financial instruments | $ | 370 | $ | — | $ | 370 | $ | — | |||||||||||||
Total recurring liabilities at fair value | $ | 370 | $ | — | $ | 370 | $ | — | |||||||||||||
Fair Value Measurements on a Recurring Basis | |||||||||||||||||||||
As of September 30, 2013 | |||||||||||||||||||||
Fair Value | Quoted Prices | Significant | Significant | ||||||||||||||||||
in Active | Other | Unobservable | |||||||||||||||||||
Markets for | Observable | Inputs | |||||||||||||||||||
Identical | Inputs | (Level 3) | |||||||||||||||||||
Assets | (Level 2) | ||||||||||||||||||||
(Level 1) | |||||||||||||||||||||
U.S. government agencies | $ | 13,917 | $ | — | $ | 13,917 | $ | — | |||||||||||||
State, county and municipal securities | 112,939 | 4,460 | 108,479 | — | |||||||||||||||||
Corporate debt securities | 9,738 | — | 7,738 | 2,000 | |||||||||||||||||
Mortgage-backed securities | 175,654 | 9,375 | 166,279 | — | |||||||||||||||||
Mortgage loans held for sale | 69,634 | — | 69,634 | — | |||||||||||||||||
IRLCs and forward contracts | 2,506 | — | 2,506 | — | |||||||||||||||||
Total recurring assets at fair value | $ | 384,388 | $ | 13,835 | $ | 368,553 | $ | 2,000 | |||||||||||||
Derivative financial instruments | $ | 972 | $ | — | $ | 972 | $ | — | |||||||||||||
Total recurring liabilities at fair value | $ | 972 | $ | — | $ | 972 | $ | — | |||||||||||||
Valuation Methodologies for Instruments Measured at Fair Value on Nonrecurring Basis | ' | ||||||||||||||||||||
The following table is a presentation of the valuation methodologies used for instruments measured at fair value on a nonrecurring basis, as well as the general classification of such instruments pursuant to the valuation hierarchy as of September 30, 2014, December 31, 2013 and September 30, 2013 (dollars in thousands): | |||||||||||||||||||||
Fair Value Measurements on a Nonrecurring Basis | |||||||||||||||||||||
As of September 30, 2014 | |||||||||||||||||||||
Fair | Quoted | Significant | Significant | ||||||||||||||||||
Value | Prices | Other | Unobservable | ||||||||||||||||||
in Active | Observable | Inputs | |||||||||||||||||||
Markets for | Inputs | (Level 3) | |||||||||||||||||||
Identical | (Level 2) | ||||||||||||||||||||
Assets | |||||||||||||||||||||
(Level 1) | |||||||||||||||||||||
Impaired loans carried at fair value | $ | 35,834 | $ | — | $ | — | $ | 35,834 | |||||||||||||
Other real estate owned | 35,320 | — | — | 35,320 | |||||||||||||||||
Purchased, non-covered other real estate owned | 13,660 | — | — | 13,660 | |||||||||||||||||
Covered other real estate owned | 28,883 | — | — | 28,883 | |||||||||||||||||
Total nonrecurring assets at fair value | $ | 113,697 | $ | — | $ | — | $ | 113,697 | |||||||||||||
Fair Value Measurements on a Nonrecurring Basis | |||||||||||||||||||||
As of December 31, 2013 | |||||||||||||||||||||
Fair | Quoted | Significant | Significant | ||||||||||||||||||
Value | Prices | Other | Unobservable | ||||||||||||||||||
in Active | Observable | Inputs | |||||||||||||||||||
Markets for | Inputs | (Level 3) | |||||||||||||||||||
Identical | (Level 2) | ||||||||||||||||||||
Assets | |||||||||||||||||||||
(Level 1) | |||||||||||||||||||||
Impaired loans carried at fair value | $ | 42,546 | $ | — | $ | — | $ | 42,546 | |||||||||||||
Other real estate owned | 33,351 | — | — | 33,351 | |||||||||||||||||
Purchased, non-covered other real estate owned | 4,276 | — | — | 4,276 | |||||||||||||||||
Covered other real estate owned | 45,893 | — | — | 45,893 | |||||||||||||||||
Total nonrecurring assets at fair value | $ | 126,066 | $ | — | $ | — | $ | 126,066 | |||||||||||||
Fair Value Measurements on a Nonrecurring Basis | |||||||||||||||||||||
As of September 30, 2013 | |||||||||||||||||||||
Fair | Quoted | Significant | Significant | ||||||||||||||||||
Value | Prices | Other | Unobservable | ||||||||||||||||||
in Active | Observable | Inputs | |||||||||||||||||||
Markets for | Inputs | (Level 3) | |||||||||||||||||||
Identical | (Level 2) | ||||||||||||||||||||
Assets | |||||||||||||||||||||
(Level 1) | |||||||||||||||||||||
Impaired loans carried at fair value | $ | 43,564 | $ | — | $ | — | $ | 43,564 | |||||||||||||
Other real estate owned | 39,978 | — | — | 39,978 | |||||||||||||||||
Covered other real estate owned | 52,552 | — | — | 52,552 | |||||||||||||||||
Total nonrecurring assets at fair value | $ | 136,094 | $ | — | $ | — | $ | 136,094 | |||||||||||||
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 as of September 30, 2014. | |||||||||||||||||||||
Measurements | Fair Value at | Valuation | Unobservable Inputs | Range | |||||||||||||||||
September 30, 2014 | Technique | ||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||
Nonrecurring: | |||||||||||||||||||||
Impaired loans | $ | 35,834 | Third party appraisals and | Collateral discounts and | 4.00% - 90.00% | ||||||||||||||||
discounted cash flows | discount rates | ||||||||||||||||||||
Other real estate owned | $ | 35,320 | Third party appraisals | Collateral discounts and | 10.00% - 90.00% | ||||||||||||||||
estimated costs to sell | |||||||||||||||||||||
Purchased non-covered other real estate owned | $ | 13,660 | Third party appraisals | Collateral discounts and | 22.00% - 94.00% | ||||||||||||||||
estimated costs to sell | |||||||||||||||||||||
Covered real estate owned | $ | 28,883 | Third party appraisals | Collateral discounts and | 10.00% - 90.00% | ||||||||||||||||
estimated costs to sell | |||||||||||||||||||||
Recurring: | |||||||||||||||||||||
Investment securities available for sale | $ | 2,500 | Discounted par values | Credit quality of | 0.00% | ||||||||||||||||
underlying issuer | |||||||||||||||||||||
The following table shows significant unobservable inputs used in the fair value measurement of Level 3 assets and liabilities as of December 31, 2013. | |||||||||||||||||||||
Measurements | Fair Value at | Valuation | Unobservable Inputs | Range | |||||||||||||||||
December 31, 2013 | Technique | ||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||
Nonrecurring: | |||||||||||||||||||||
Impaired loans | $ | 42,546 | Third party appraisals and | Collateral discounts and | 4.00% - 75.00% | ||||||||||||||||
discounted cash flows | discount rates | ||||||||||||||||||||
Other real estate owned | $ | 33,351 | Third party appraisals | Collateral discounts and | 10.00% - 74.00% | ||||||||||||||||
estimated costs to sell | |||||||||||||||||||||
Purchased, non-covered loans | $ | 448,753 | Third party appraisals and | Collateral discounts and | 1.00% - 40.00% | ||||||||||||||||
discounted cash flows | discount rates | ||||||||||||||||||||
Purchased non-covered other real estate owned | $ | 4,276 | Third party appraisals | Collateral discounts and | 15.00% - 63.00% | ||||||||||||||||
estimated costs to sell | |||||||||||||||||||||
Covered loans | $ | 390,237 | Third party appraisals and | Collateral discounts | 1.75% - 75.00% | ||||||||||||||||
discounted cash flows | Discount rate | ||||||||||||||||||||
Covered real estate owned | $ | 45,893 | Third party appraisals | Collateral discounts and | 10.00% - 86.00% | ||||||||||||||||
estimated costs to sell | |||||||||||||||||||||
Recurring: | |||||||||||||||||||||
Investment securities available for sale | $ | 2,000 | Discounted par values | Credit quality of | 0.00% | ||||||||||||||||
underlying issuer |
SEGMENT_REPORTING_Tables
SEGMENT REPORTING (Tables) | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||||
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- month periods ended September 30, 2014 and 2013: | |||||||||||||||||||||||||
Three Months Ended | Three Months Ended | ||||||||||||||||||||||||
30-Sep-14 | 30-Sep-13 | ||||||||||||||||||||||||
Retail | Mortgage | Total | Retail | Mortgage | Total | ||||||||||||||||||||
Banking | Banking | Banking | Banking | ||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||
Net interest income | $ | 36,785 | $ | 2,347 | $ | 39,132 | $ | 28,089 | $ | 1,231 | $ | 29,320 | |||||||||||||
Provision for loan losses | 994 | 675 | 1,669 | 2,920 | — | 2,920 | |||||||||||||||||||
Noninterest income | 10,766 | 7,135 | 17,901 | 7,054 | 5,234 | 12,288 | |||||||||||||||||||
Noninterest expense: | |||||||||||||||||||||||||
Salaries and employee benefits | 15,817 | 4,409 | 20,226 | 10,799 | 3,613 | 14,412 | |||||||||||||||||||
Equipment and occupancy expenses | 4,301 | 368 | 4,669 | 3,029 | 120 | 3,149 | |||||||||||||||||||
Data processing and telecommunications expenses | 3,622 | 306 | 3,928 | 2,908 | 164 | 30,72 | |||||||||||||||||||
Other expenses | 8,887 | 869 | 9,756 | 7,473 | 643 | 8,116 | |||||||||||||||||||
Total noninterest expense | 32,627 | 5,952 | 38,579 | 24,209 | 4,540 | 28,749 | |||||||||||||||||||
Income before income tax expense | 13,930 | 2,855 | 16,785 | 8,014 | 1,925 | 9,939 | |||||||||||||||||||
Income tax expense | 4,123 | 999 | 5,122 | 2,588 | 674 | 3,262 | |||||||||||||||||||
Net income | 9,807 | 1,856 | 11,663 | 5,426 | 1,251 | 6,677 | |||||||||||||||||||
Less preferred stock dividends | — | — | — | 443 | — | 443 | |||||||||||||||||||
Net income available to common shareholders | $ | 9,807 | $ | 1,856 | $ | 11,663 | $ | 4,983 | $ | 1,251 | $ | 6,234 | |||||||||||||
Total assets | $ | 3,772,050 | $ | 227,358 | $ | 3,999,408 | $ | 2,707,200 | $ | 111,302 | $ | 2,818,502 | |||||||||||||
Stockholders’ equity | 309,904 | 43,926 | 353,830 | 250,863 | 39,493 | 290,356 | |||||||||||||||||||
The following tables present selected financial information with respect to the Company’s reportable business segments for the nine- month periods ended September 30, 2014 and 2013: | |||||||||||||||||||||||||
Nine Months Ended | Nine Months Ended | ||||||||||||||||||||||||
30-Sep-14 | 30-Sep-13 | ||||||||||||||||||||||||
Retail | Mortgage | Total | Retail | Mortgage | Total | ||||||||||||||||||||
Banking | Banking | Banking | Banking | ||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||
Net interest income | $ | 104,094 | $ | 4,786 | $ | 108,880 | $ | 84,372 | $ | 2,762 | $ | 87,134 | |||||||||||||
Provision for loan losses | 4,085 | 675 | 4,760 | 10,008 | — | 10,008 | |||||||||||||||||||
Noninterest income | 27,173 | 19,301 | 46,474 | 20,333 | 14,699 | 35,032 | |||||||||||||||||||
Noninterest expense: | |||||||||||||||||||||||||
Salaries and employee benefits | 42,648 | 11,914 | 54,562 | 32,314 | 9,285 | 41,599 | |||||||||||||||||||
Equipment and occupancy expenses | 11,834 | 970 | 12,804 | 8,575 | 483 | 9,058 | |||||||||||||||||||
Data processing and telecommunications expenses | 10,551 | 771 | 11,322 | 8,013 | 465 | 8,478 | |||||||||||||||||||
Other expenses | 27,452 | 2,996 | 30,448 | 22,807 | 2,379 | 25,186 | |||||||||||||||||||
Total noninterest expense | 92,485 | 16,651 | 109,136 | 71,709 | 12,612 | 84,321 | |||||||||||||||||||
Income before income tax expense | 34,697 | 6,761 | 41,458 | 22,988 | 4,849 | 27,837 | |||||||||||||||||||
Income tax expense | 10,949 | 2,366 | 13,315 | 7,500 | 1,697 | 9,197 | |||||||||||||||||||
Net income | 23,748 | 4,395 | 28,143 | 15,488 | 3,152 | 18,640 | |||||||||||||||||||
Less preferred stock dividends | 286 | — | 286 | 1,326 | — | 1,326 | |||||||||||||||||||
Net income available to common shareholders | $ | 23,462 | $ | 4,395 | $ | 27,857 | $ | 14,162 | $ | 3,152 | $ | 17,314 | |||||||||||||
Basis_of_Presentation_and_Acco2
Basis of Presentation and Accounting Policies - Additional Information (Detail) | 9 Months Ended |
Sep. 30, 2014 | |
Office | |
Branch | |
Accounting Policies [Abstract] | ' |
Number of retail branches operated | 74 |
Number of Mortgage offices | 11 |
Business_Combinations_Addition
Business Combinations - Additional Information (Detail) (USD $) | 9 Months Ended | 12 Months Ended | 0 Months Ended | 3 Months Ended | 9 Months Ended | 12 Months Ended | 0 Months Ended | ||||||
Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 | Dec. 23, 2013 | Dec. 23, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 | Jun. 30, 2014 | Jun. 30, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | |
Prosperity Bank [Member] | Prosperity Banking Company [Member] | Prosperity Banking Company [Member] | Prosperity Banking Company [Member] | Prosperity Banking Company [Member] | Coastal Bank [Member] | Coastal Bankshares, Inc. [Member] | Coastal Bankshares, Inc. [Member] | Coastal Bankshares, Inc. [Member] | Coastal Bankshares, Inc. [Member] | ||||
Location | Location | Warrant [Member] | |||||||||||
Business Acquisition [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of banking locations | ' | ' | ' | 12 | ' | ' | ' | ' | 6 | ' | ' | ' | ' |
Shares to receive for each share of Prosperity common stock pursuant to the merger agreement | ' | ' | ' | ' | 3.125 | ' | ' | ' | ' | ' | ' | 0.4671 | ' |
Issuance of common stock, shares | ' | ' | ' | ' | 1,168,918 | ' | ' | ' | ' | 1,598,998 | ' | ' | ' |
Issuance of common stock, fair value | ' | ' | ' | ' | $24,600,000 | ' | ' | ' | ' | $34,500,000 | ' | ' | ' |
Cash in exchange for outstanding warrants | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,800,000 |
Good will, excess of the merger consideration over fair value of net assets | 58,879,000 | 956,000 | 35,049,000 | ' | 34,093,000 | 34,100,000 | ' | ' | ' | ' | ' | 23,830,000 | ' |
Fair value of loans acquired | 449,700,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 279,400,000 | ' |
Net of loans acquired | 37,700,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 16,700,000 | ' |
Estimated discount | 7.73% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5.64% | ' |
Impaired loans | 67,200,000 | ' | ' | ' | ' | -10,985,000 | ' | ' | ' | ' | -3,282,000 | 29,300,000 | ' |
Cash to receive for each share of Prosperity common stock pursuant to the merger agreement | ' | ' | ' | ' | $41.50 | ' | ' | ' | ' | ' | ' | ' | ' |
Provision for loan loss expense | $685,000 | $1,300,000 | $1,500,000 | ' | ' | $4,000,000 | $0 | $0 | ' | ' | ' | ' | ' |
Business_Combinations_Estimate
Business Combinations - Estimated Fair Value of Assets Acquired and Liabilities Assumed (Detail) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Dec. 23, 2013 | Sep. 30, 2014 | Dec. 23, 2013 | Dec. 23, 2013 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 |
In Thousands, except Share data, unless otherwise specified | Prosperity Banking Company [Member] | Prosperity Banking Company [Member] | Prosperity Banking Company [Member] | Prosperity Banking Company [Member] | Coastal Bankshares, Inc. [Member] | Coastal Bankshares, Inc. [Member] | Coastal Bankshares, Inc. [Member] | Coastal Bankshares, Inc. [Member] | Coastal Bankshares, Inc. [Member] | Coastal Bankshares, Inc. [Member] | |||
As Recorded by Acquired Bank [Member] | Fair Value Adjustments [Member] | As Recorded by Acquired Bank [Member] | As Recorded by Acquired Bank [Member] | Initial Fair Value Adjustments [Member] | Subsequent Fair Value Adjustments [Member] | ||||||||
Assets | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cash and cash equivalents | ' | ' | ' | $4,285 | ' | $4,285 | ' | ' | $3,895 | ' | $3,895 | ' | ' |
Federal funds sold and interest-bearing balances | ' | ' | ' | 21,687 | ' | 21,687 | ' | ' | 15,923 | ' | 15,923 | ' | ' |
Investment securities | ' | ' | ' | 152,274 | ' | 151,863 | 411 | ' | 66,766 | ' | 67,266 | -500 | ' |
Other investments | ' | ' | ' | 8,727 | ' | 8,727 | ' | ' | 975 | ' | 975 | ' | ' |
Mortgage loans held for sale | ' | ' | ' | ' | ' | ' | ' | ' | 7,288 | ' | 7,288 | ' | ' |
Loans | ' | ' | ' | 449,696 | ' | 487,358 | -37,662 | ' | 279,441 | ' | 296,141 | -16,700 | ' |
Less allowance for loan losses | ' | ' | ' | ' | ' | -6,811 | 6,811 | ' | ' | ' | -3,218 | 3,218 | ' |
Loans, net | ' | ' | ' | 449,696 | ' | 480,547 | -30,851 | ' | 279,441 | ' | 292,923 | -13,482 | ' |
Other real estate owned | ' | ' | ' | 5,623 | ' | 6,883 | -1,260 | ' | 8,864 | ' | 14,992 | -3,528 | -2,600 |
Premises and equipment | ' | ' | ' | 36,293 | ' | 36,293 | ' | ' | 11,882 | ' | 11,882 | ' | ' |
Intangible assets | ' | ' | ' | 4,557 | ' | 174 | 4,383 | ' | 4,773 | ' | 507 | 4,266 | ' |
Other assets | ' | ' | ' | 27,792 | ' | 26,600 | 1,192 | ' | 25,334 | ' | 22,710 | ' | 2,624 |
Total assets | ' | ' | ' | 710,934 | ' | 737,059 | -26,125 | ' | 425,141 | ' | 438,361 | -13,244 | 24 |
Deposits: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Noninterest-bearing | ' | ' | ' | 149,242 | ' | 149,242 | ' | ' | 80,012 | ' | 80,012 | ' | ' |
Interest-bearing | ' | ' | ' | 324,441 | ' | 324,441 | ' | ' | 289,012 | ' | 289,012 | ' | ' |
Total deposits | ' | ' | ' | 473,683 | ' | 473,683 | ' | ' | 369,024 | ' | 369,024 | ' | ' |
Federal funds purchased and securities sold under agreements to repurchase | 21,500 | ' | ' | 21,530 | ' | 21,530 | ' | ' | 5,428 | ' | 5,428 | ' | ' |
Other borrowings | ' | ' | ' | 197,313 | ' | 185,000 | 12,313 | ' | 22,005 | ' | 22,005 | ' | ' |
Other liabilities | ' | ' | ' | 14,513 | ' | 14,058 | 455 | ' | 6,192 | ' | 6,192 | ' | ' |
Subordinated deferrable interest debentures | ' | ' | ' | 13,197 | ' | 29,500 | -16,303 | ' | 9,052 | ' | 15,465 | -6,413 | ' |
Total liabilities | ' | ' | ' | 720,236 | ' | 723,771 | -3,535 | ' | 411,701 | ' | 418,114 | -6,413 | ' |
Net identifiable assets acquired over (under) liabilities assumed | ' | ' | ' | -9,302 | ' | 13,288 | -22,590 | ' | 13,440 | ' | 20,247 | -6,831 | ' |
Goodwill | 58,879 | 35,049 | 956 | 34,093 | 34,100 | ' | 34,093 | ' | 23,830 | ' | ' | 23,854 | 24 |
Net assets acquired over (under) liabilities assumed | ' | ' | ' | 24,791 | ' | 13,288 | 11,503 | ' | 37,270 | ' | 20,247 | 17,023 | ' |
Consideration: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ameris Bancorp common shares issued | ' | ' | ' | 1,168,918 | ' | 1,168,918 | ' | 1,598,998 | ' | 1,598,998 | ' | ' | ' |
Purchase price per share of the Company's common stock | ' | ' | ' | ' | ' | $21.07 | ' | ' | ' | ' | $21.56 | ' | ' |
Company common stock issued | ' | ' | ' | ' | ' | 24,629 | ' | ' | ' | ' | 34,474 | ' | ' |
Cash exchanged for shares | ' | ' | ' | ' | ' | 162 | ' | ' | ' | 2,796 | ' | ' | ' |
Fair value of total consideration transferred | ' | ' | ' | ' | ' | $24,791 | ' | ' | ' | $37,270 | ' | ' | ' |
Business_Combinations_Pro_Form
Business Combinations - Pro Forma Information of Acquisitions (Detail) (USD $) | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | |
In Thousands, except Per Share data, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 |
Coastal Bankshares, Inc. [Member] | Coastal Bankshares, Inc. [Member] | Coastal Bankshares, Inc. [Member] | Prosperity Banking Company [Member] | Prosperity Banking Company [Member] | |
Loans At Acquisition Date [Line Items] | ' | ' | ' | ' | ' |
Net interest income and noninterest income | $46,373 | $165,913 | $137,590 | $48,541 | $142,390 |
Net income | 6,680 | 26,275 | 19,733 | 7,214 | 18,729 |
Net income available to common stockholders | $6,237 | $25,989 | $18,407 | $6,771 | $17,403 |
Income per common share available to common stockholders - basic | $0.24 | $0.95 | $0.72 | $0.27 | $0.69 |
Income per common share available to common stockholders - diluted | $0.24 | $0.94 | $0.71 | $0.27 | $0.68 |
Average number of shares outstanding, basic | 25,500 | 27,304 | 25,482 | 25,070 | 25,052 |
Average number of shares outstanding, diluted | 25,915 | 27,698 | 25,897 | 25,485 | 25,467 |
Business_Combinations_Summary_
Business Combinations - Summary of Contractually Required Principal and Interest Cash Paymentof the Loans As of Acquisition Date for Purchased Credit Impaired Loans (Detail) (USD $) | Sep. 30, 2014 | Jun. 30, 2014 |
In Thousands, unless otherwise specified | ||
Loans At Acquisition Date [Line Items] | ' | ' |
Accretable yield | $67,200 | ' |
Coastal Bankshares, Inc. [Member] | ' | ' |
Loans At Acquisition Date [Line Items] | ' | ' |
Contractually required principal and interest | 38,194 | ' |
Non-accretable difference | -5,632 | ' |
Cash flows expected to be collected | 32,562 | ' |
Accretable yield | -3,282 | 29,300 |
Total purchased credit-impaired loans acquired | 29,280 | ' |
Prosperity Banking Company [Member] | ' | ' |
Loans At Acquisition Date [Line Items] | ' | ' |
Contractually required principal and interest | 92,461 | ' |
Non-accretable difference | -14,311 | ' |
Cash flows expected to be collected | 78,150 | ' |
Accretable yield | -10,985 | ' |
Total purchased credit-impaired loans acquired | $67,165 | ' |
Business_Combinations_Estimate1
Business Combinations - Estimated Fair Value of Assets Acquired and Liabilities Assumed (Parenthetical) (Detail) (Prosperity Banking Company [Member], USD $) | 0 Months Ended |
In Thousands, unless otherwise specified | Dec. 23, 2013 |
As Recorded by Acquired Bank [Member] | ' |
Business Acquisition [Line Items] | ' |
Deferred tax asset, purchase accounting adjustments | $8,435 |
Fair Value Adjustments [Member] | ' |
Business Acquisition [Line Items] | ' |
Deferred tax asset, non-realizable portion | 6,644 |
Fair value adjustment of other assets | -599 |
Fair value adjustment (premium) to FHLB borrowings | 12,741 |
Fair value adjustment to subordinated debt | $428 |
Business_Combinations_Rollforw
Business Combinations - Rollforward of Acquired Non-Covered Loans With Deterioration of Credit Quality (Detail) (USD $) | 9 Months Ended | 12 Months Ended | ||||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2012 |
Purchased Non Covered Loans [Line Items] | ' | ' | ' | ' | ' | ' |
Balance, beginning of year | $25,493 | $16,698 | $16,698 | $20,741 | $30,849 | ' |
Additions due to acquisitions | 0 | 0 | 0 | ' | ' | ' |
Balance, end of year | 38,233 | 81,763 | 65,441 | ' | ' | 159,724 |
Non-Covered Loans [Member] | ' | ' | ' | ' | ' | ' |
Purchased Non Covered Loans [Line Items] | ' | ' | ' | ' | ' | ' |
Balance, beginning of year | 26,189 | ' | ' | 29,064 | ' | ' |
Additions due to acquisitions | 7,799 | ' | 26,189 | ' | ' | ' |
Loans with Deterioration of Credit Quality [Member] | ' | ' | ' | ' | ' | ' |
Purchased Non Covered Loans [Line Items] | ' | ' | ' | ' | ' | ' |
Balance, beginning of year | 217,047 | 282,737 | 282,737 | 171,461 | 231,589 | ' |
Charge-offs, net of recoveries | -8,099 | -30,371 | -35,306 | ' | ' | ' |
Additions due to acquisitions | 0 | 0 | 0 | ' | ' | ' |
Other (loan payments, transfers, etc.) | -37,487 | -20,777 | -30,384 | ' | ' | ' |
Loans with Deterioration of Credit Quality [Member] | Non-Covered Loans [Member] | ' | ' | ' | ' | ' | ' |
Purchased Non Covered Loans [Line Items] | ' | ' | ' | ' | ' | ' |
Balance, beginning of year | 67,165 | ' | ' | ' | ' | ' |
Charge-offs, net of recoveries | -4 | ' | ' | ' | ' | ' |
Additions due to acquisitions | 29,280 | ' | 67,165 | ' | ' | ' |
Other (loan payments, transfers, etc.) | -4,440 | ' | ' | ' | ' | ' |
Balance, end of year | $92,001 | ' | $67,165 | ' | ' | ' |
Business_Combinations_Rollforw1
Business Combinations - Rollforward of Acquired Non-Covered Loans Without Deterioration of Credit Quality (Detail) (USD $) | 9 Months Ended | 12 Months Ended | ||||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2012 |
Purchased Non Covered Loans [Line Items] | ' | ' | ' | ' | ' | ' |
Balance, beginning of year | $25,493 | $16,698 | $16,698 | $20,741 | $30,849 | ' |
Additions due to acquisitions | 0 | 0 | 0 | ' | ' | ' |
Balance, end of year | 38,233 | 81,763 | 65,441 | ' | ' | 159,724 |
Non-Covered Loans [Member] | ' | ' | ' | ' | ' | ' |
Purchased Non Covered Loans [Line Items] | ' | ' | ' | ' | ' | ' |
Balance, beginning of year | 26,189 | ' | ' | 29,064 | ' | ' |
Additions due to acquisitions | 7,799 | ' | 26,189 | ' | ' | ' |
Loans without Deterioration of Credit Quality [Member] | ' | ' | ' | ' | ' | ' |
Purchased Non Covered Loans [Line Items] | ' | ' | ' | ' | ' | ' |
Balance, beginning of year | 173,190 | 228,602 | 228,602 | 142,128 | 186,286 | ' |
Additions due to acquisitions | 0 | 0 | 0 | ' | ' | ' |
Loan payments, transfers, etc. | -31,062 | -42,316 | -55,412 | ' | ' | ' |
Loans without Deterioration of Credit Quality [Member] | Non-Covered Loans [Member] | ' | ' | ' | ' | ' | ' |
Purchased Non Covered Loans [Line Items] | ' | ' | ' | ' | ' | ' |
Balance, beginning of year | 381,588 | ' | ' | ' | ' | ' |
Additions due to acquisitions | 250,161 | ' | 382,531 | ' | ' | ' |
Loan payments, transfers, etc. | -50,026 | ' | -943 | ' | ' | ' |
Balance, end of year | $581,723 | ' | $381,588 | ' | ' | ' |
Business_Combinations_Schedule
Business Combinations - Schedule of Changes in Accretable Discounts Related Acquired Non-Covered Loans (Detail) (USD $) | 9 Months Ended | 12 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 |
Schedule Of Covered Loans Acquired Accretable Discounts [Line Items] | ' | ' | ' |
Balance, beginning of year | $25,493 | $16,698 | $16,698 |
Additions due to acquisitions | 0 | 0 | 0 |
Accretion | -20,822 | -36,552 | -42,208 |
Other activity, net | 16,070 | 50,703 | 51,003 |
Balance, end of year | 20,741 | 30,849 | 25,493 |
Non-Covered Loans [Member] | ' | ' | ' |
Schedule Of Covered Loans Acquired Accretable Discounts [Line Items] | ' | ' | ' |
Balance, beginning of year | 26,189 | ' | ' |
Additions due to acquisitions | 7,799 | ' | 26,189 |
Accretion | -5,840 | ' | ' |
Other activity, net | 916 | ' | ' |
Balance, end of year | $29,064 | ' | $26,189 |
Investment_Securities_Amortize
Investment Securities - Amortized Cost and Estimated Fair Value of Securities Available for Sale (Detail) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | |||
Schedule of Available-for-Sale Securities [Line Items] | ' | ' | ' |
Amortized Cost | $524,792 | $488,838 | $314,720 |
Gross Unrealized Gains | 8,438 | 4,891 | 5,325 |
Gross Unrealized Losses | -3,721 | -7,494 | -7,797 |
Estimated Fair Value | 529,509 | 486,235 | 312,248 |
US Government Agencies [Member] | ' | ' | ' |
Schedule of Available-for-Sale Securities [Line Items] | ' | ' | ' |
Amortized Cost | 14,951 | 14,947 | 14,945 |
Gross Unrealized Gains | 0 | 0 | 0 |
Gross Unrealized Losses | -491 | -1,021 | -1,028 |
Estimated Fair Value | 14,460 | 13,926 | 13,917 |
State, County and Municipal Securities [Member] | ' | ' | ' |
Schedule of Available-for-Sale Securities [Line Items] | ' | ' | ' |
Amortized Cost | 134,641 | 112,659 | 112,643 |
Gross Unrealized Gains | 3,708 | 2,269 | 2,331 |
Gross Unrealized Losses | -714 | -2,174 | -2,035 |
Estimated Fair Value | 137,635 | 112,754 | 112,939 |
Corporate Debt Securities [Member] | ' | ' | ' |
Schedule of Available-for-Sale Securities [Line Items] | ' | ' | ' |
Amortized Cost | 10,801 | 10,311 | 10,314 |
Gross Unrealized Gains | 237 | 275 | 280 |
Gross Unrealized Losses | -73 | -261 | -856 |
Estimated Fair Value | 10,965 | 10,325 | 9,738 |
Mortgage-Backed Securities [Member] | ' | ' | ' |
Schedule of Available-for-Sale Securities [Line Items] | ' | ' | ' |
Amortized Cost | 364,399 | 349,441 | 176,818 |
Gross Unrealized Gains | 4,493 | 2,347 | 2,714 |
Gross Unrealized Losses | -2,443 | -4,038 | -3,878 |
Estimated Fair Value | 366,449 | 347,750 | 175,654 |
Collateralized Debt Obligations [Member] | ' | ' | ' |
Schedule of Available-for-Sale Securities [Line Items] | ' | ' | ' |
Amortized Cost | ' | 1,480 | ' |
Gross Unrealized Gains | ' | 0 | ' |
Gross Unrealized Losses | ' | 0 | ' |
Estimated Fair Value | ' | $1,480 | ' |
Investment_Securities_Addition
Investment Securities - Additional Information (Detail) (USD $) | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 |
Schedule of Available-for-Sale Securities [Line Items] | ' | ' | ' |
Weighted average life of securities | '4 years 6 months | ' | ' |
Securities, carrying value | $265.90 | $399 | $217.30 |
Maximum [Member] | ' | ' | ' |
Schedule of Available-for-Sale Securities [Line Items] | ' | ' | ' |
Weighted average life of securities | '6 years | ' | ' |
Investment_Securities_Amortize1
Investment Securities - Amortized Cost and Fair Value of Debt Securities Available for Sale Securities by Contractual Maturity (Detail) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | |||
Schedule of Available-for-Sale Securities [Line Items] | ' | ' | ' |
Due in one year or less, Amortized Cost | $10,647 | ' | ' |
Due from one year to five years, Amortized Cost | 35,432 | ' | ' |
Due from five to ten years, Amortized Cost | 66,554 | ' | ' |
Due after ten years, Amortized Cost | 47,760 | ' | ' |
Amortized Cost | 524,792 | 488,838 | 314,720 |
Due in one year or less, Estimated Fair Value | 10,844 | ' | ' |
Due from one year to five years, Estimated Fair Value | 36,856 | ' | ' |
Due from five to ten years, Estimated Fair Value | 67,094 | ' | ' |
Due after ten years, Estimated Fair Value | 48,266 | ' | ' |
Total Fair Value | 529,509 | 486,235 | 312,248 |
Mortgage-Backed Securities [Member] | ' | ' | ' |
Schedule of Available-for-Sale Securities [Line Items] | ' | ' | ' |
Mortgage-backed securities, Amortized cost | 364,399 | ' | ' |
Amortized Cost | 364,399 | 349,441 | 176,818 |
Mortgage-backed securities, Estimated Fair Value | 366,449 | ' | ' |
Total Fair Value | $366,449 | $347,750 | $175,654 |
Investment_Securities_Schedule
Investment Securities - Schedule of Gross Unrealized Losses and Fair Value of Securities (Detail) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | |||
Schedule of Available-for-Sale Securities [Line Items] | ' | ' | ' |
Less Than 12 Months, Estimated Fair Value | $81,346 | $156,316 | $151,072 |
12 Months or More, Estimated Fair Value | 93,467 | 32,008 | 8,042 |
Total Estimated Fair Value | 174,813 | 188,324 | 159,114 |
Less Than 12 Months, Unrealized Losses | -514 | -5,396 | -6,641 |
12 Months or More, Unrealized Losses | -3,207 | -2,098 | -1,156 |
Total Unrealized Losses | -3,721 | -7,494 | -7,797 |
US Government Agencies [Member] | ' | ' | ' |
Schedule of Available-for-Sale Securities [Line Items] | ' | ' | ' |
Less Than 12 Months, Estimated Fair Value | ' | 13,926 | 13,917 |
12 Months or More, Estimated Fair Value | 14,460 | ' | ' |
Total Estimated Fair Value | 14,460 | 13,926 | 13,917 |
Less Than 12 Months, Unrealized Losses | ' | -1,021 | -1,028 |
12 Months or More, Unrealized Losses | -491 | ' | ' |
Total Unrealized Losses | -491 | -1,021 | -1,028 |
State, County and Municipal Securities [Member] | ' | ' | ' |
Schedule of Available-for-Sale Securities [Line Items] | ' | ' | ' |
Less Than 12 Months, Estimated Fair Value | 10,296 | 47,401 | 46,516 |
12 Months or More, Estimated Fair Value | 22,696 | 3,794 | 3,807 |
Total Estimated Fair Value | 32,992 | 51,195 | 50,323 |
Less Than 12 Months, Unrealized Losses | -98 | -1,882 | -1,735 |
12 Months or More, Unrealized Losses | -616 | -292 | -300 |
Total Unrealized Losses | -714 | -2,174 | -2,035 |
Corporate Debt Securities [Member] | ' | ' | ' |
Schedule of Available-for-Sale Securities [Line Items] | ' | ' | ' |
12 Months or More, Estimated Fair Value | 4,997 | 4,826 | 4,235 |
Total Estimated Fair Value | 4,997 | 4,826 | 4,235 |
12 Months or More, Unrealized Losses | -73 | -261 | -856 |
Total Unrealized Losses | -73 | -261 | -856 |
Mortgage-Backed Securities [Member] | ' | ' | ' |
Schedule of Available-for-Sale Securities [Line Items] | ' | ' | ' |
Less Than 12 Months, Estimated Fair Value | 71,050 | 94,989 | 90,639 |
12 Months or More, Estimated Fair Value | 51,314 | 23,388 | ' |
Total Estimated Fair Value | 122,364 | 118,377 | 90,639 |
Less Than 12 Months, Unrealized Losses | -416 | -2,493 | -3,878 |
12 Months or More, Unrealized Losses | -2,027 | -1,545 | ' |
Total Unrealized Losses | ($2,443) | ($4,038) | ($3,878) |
Investment_Securities_Gains_an
Investment Securities - Gains and Losses on Sales of Securities Available for Sale (Detail) (USD $) | 9 Months Ended | 12 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 |
Amortized Cost and Fair Value Debt Securities [Abstract] | ' | ' | ' |
Gross gains on sales of securities | $141 | $353 | $353 |
Gross losses on sales of securities | -3 | -182 | -182 |
Net realized gains on sales of securities available for sale | 138 | 171 | 171 |
Sales proceeds | $92,975 | $36,669 | $36,669 |
Loans_Schedule_of_Accounts_Not
Loans - Schedule of Accounts Notes Loans and Financial Receivables (Detail) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans and deferred loan fees receivables | $1,848,759 | $1,618,454 | $1,589,267 |
Commercial, Financial and Agricultural [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans and deferred loan fees receivables | 334,783 | 244,373 | 244,991 |
Real Estate - Construction and Development [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans and deferred loan fees receivables | 154,315 | 146,371 | 132,277 |
Real Estate - Commercial and Farmland [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans and deferred loan fees receivables | 882,160 | 808,323 | 799,149 |
Real Estate - Residential [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans and deferred loan fees receivables | 436,515 | 366,882 | 355,920 |
Consumer Installment Loans [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans and deferred loan fees receivables | 31,403 | 34,249 | 36,303 |
Other [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans and deferred loan fees receivables | $9,583 | $18,256 | $20,627 |
Loans_Additional_Information_D
Loans - Additional Information (Detail) (USD $) | 3 Months Ended | 6 Months Ended | 9 Months Ended | 12 Months Ended | |
Sep. 30, 2014 | Jun. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 | |
RiskGrades | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Purchased non-covered loans | $673,700,000 | ' | $673,700,000 | $0 | $448,800,000 |
Covered loans acquired in FDIC-assisted transactions | ' | ' | 313,600,000 | 417,600,000 | 390,200,000 |
Number of risk grading system category | ' | ' | 9 | ' | ' |
Modified loans | 8,000,000 | ' | 8,000,000 | 17,000,000 | ' |
Troubled debt restructurings | 20,500,000 | ' | 20,500,000 | 20,200,000 | 20,900,000 |
Troubled debt restructurings, previous charge-offs | ' | ' | 4,400,000 | 1,700,000 | 2,100,000 |
Allowance for loan losses allocated to troubled debt restructurings | 2,200,000 | ' | 2,200,000 | 1,700,000 | 2,100,000 |
Commitments to lend additional funds | 0 | ' | 0 | ' | ' |
Troubled debt restructurings principal balances | 763,000 | 528,000 | 2,400,000 | ' | 1,300,000 |
Allowance for loan losses adjustments | 49,000 | ' | 203,000 | ' | ' |
Troubled debt restructurings, provision for loan loss expense | ' | ' | 685,000 | 1,300,000 | 1,500,000 |
Purchased Non-Covered Loans [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Nonaccrual loans | 17,007,000 | ' | 17,007,000 | ' | 6,659,000 |
Modified loans | 8,001,000 | ' | 8,001,000 | ' | 12,903,000 |
Troubled debt restructurings | 583,000 | ' | 583,000 | ' | 0 |
Troubled debt restructurings, provision for loan loss expense | ' | ' | 4,000 | ' | ' |
Covered Loans [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Nonaccrual loans | 39,283,000 | ' | 39,283,000 | 74,911,000 | 69,152,000 |
Modified loans | 10,996,000 | ' | 10,996,000 | 13,544,000 | 20,990,000 |
Troubled debt restructurings | 25,000,000 | ' | 25,000,000 | 28,400,000 | 27,300,000 |
Troubled debt restructurings, previous charge-offs | ' | ' | 2,100,000 | 3,700,000 | 1,600,000 |
Commitments to lend additional funds | 0 | ' | 0 | ' | ' |
Minimum [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Nonaccrual loans | 100,000 | ' | 100,000 | ' | ' |
Loan-to-value ratio | 110.00% | ' | 110.00% | ' | ' |
Minimum [Member] | Substandard [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Nonaccrual loans | 200,000 | ' | 200,000 | ' | ' |
Maximum [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 | ' | 1,000,000 | ' | ' |
Maximum [Member] | Independent Third Party Loan Review [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Amount of loan relationship with risk ratings reviewed annually | $250,000,000 | ' | $250,000,000 | ' | ' |
Loans_Summary_of_Purchased_Non
Loans - Summary of Purchased Non-Covered Loans According to Loan Type (Detail) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Total non-covered loans | $22,212 | $22,377 | $23,854 |
Purchased Non-Covered Loans [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Total non-covered loans | 673,724 | 448,753 | ' |
Purchased Non-Covered Loans [Member] | Commercial, Financial and Agricultural [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Total non-covered loans | 38,077 | 32,141 | ' |
Purchased Non-Covered Loans [Member] | Real Estate - Construction and Development [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Total non-covered loans | 60,262 | 31,176 | ' |
Purchased Non-Covered Loans [Member] | Real Estate - Commercial and Farmland [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Total non-covered loans | 296,790 | 179,898 | ' |
Purchased Non-Covered Loans [Member] | Real Estate - Residential [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Total non-covered loans | 273,347 | 200,851 | ' |
Purchased Non-Covered Loans [Member] | Consumer Installment Loans [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Total non-covered loans | $5,248 | $4,687 | ' |
Loans_Summary_of_Covered_Loans
Loans - Summary of Covered Loans According to Loan Type (Detail) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Covered Loans | $313,589,000 | $390,237,000 | $417,649,000 |
Commercial, Financial and Agricultural [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Covered Loans | 22,545,000 | 26,550,000 | 27,768,000 |
Real Estate - Construction and Development [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Covered Loans | 27,756,000 | 43,179,000 | 50,702,000 |
Real Estate - Commercial and Farmland [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Covered Loans | 180,566,000 | 224,451,000 | 237,086,000 |
Real Estate - Residential [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Covered Loans | 82,445,000 | 95,173,000 | 101,146,000 |
Consumer Installment Loans [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Covered Loans | $277,000 | $884,000 | $947,000 |
Loans_Summary_of_Financial_Rec
Loans - Summary of Financial Receivable Nonaccrual Basis (Detail) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 |
Excluding Purchased Non-Covered and Covered Loans [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Nonaccrual loans | $22,810,000 | $29,203,000 | $31,720,000 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Commercial, Financial and Agricultural [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Nonaccrual loans | 2,695,000 | 4,103,000 | 4,198,000 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Real Estate - Construction and Development [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Nonaccrual loans | 3,037,000 | 3,971,000 | 4,229,000 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Real Estate - Commercial and Farmland [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Nonaccrual loans | 8,983,000 | 8,566,000 | 9,548,000 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Real Estate - Residential [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Nonaccrual loans | 7,608,000 | 12,152,000 | 13,303,000 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Consumer Installment Loans [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Nonaccrual loans | 487,000 | 411,000 | 442,000 |
Purchased Non-Covered Loans [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Nonaccrual loans | 17,007,000 | 6,659,000 | ' |
Purchased Non-Covered Loans [Member] | Commercial, Financial and Agricultural [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Nonaccrual loans | 54,000 | 11,000 | ' |
Purchased Non-Covered Loans [Member] | Real Estate - Construction and Development [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Nonaccrual loans | 1,969,000 | 325,000 | ' |
Purchased Non-Covered Loans [Member] | Real Estate - Commercial and Farmland [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Nonaccrual loans | 8,776,000 | 1,653,000 | ' |
Purchased Non-Covered Loans [Member] | Real Estate - Residential [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Nonaccrual loans | 6,132,000 | 4,658,000 | ' |
Purchased Non-Covered Loans [Member] | Consumer Installment Loans [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Nonaccrual loans | 76,000 | 12,000 | ' |
Covered Loans [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Nonaccrual loans | 39,283,000 | 69,152,000 | 74,911,000 |
Covered Loans [Member] | Commercial, Financial and Agricultural [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Nonaccrual loans | 8,441,000 | 7,257,000 | 7,872,000 |
Covered Loans [Member] | Real Estate - Construction and Development [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Nonaccrual loans | 8,896,000 | 14,781,000 | 16,582,000 |
Covered Loans [Member] | Real Estate - Commercial and Farmland [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Nonaccrual loans | 14,617,000 | 33,495,000 | 37,079,000 |
Covered Loans [Member] | Real Estate - Residential [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Nonaccrual loans | 7,227,000 | 13,278,000 | 13,028,000 |
Covered Loans [Member] | Consumer Installment Loans [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Nonaccrual loans | $102,000 | $341,000 | $350,000 |
Loans_Summary_of_Excluding_Pur
Loans - Summary of Excluding Purchased Non-Covered and Covered Past Due Financial Receivables (Detail) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans 30-59 Days Past Due | $8,000 | ' | $17,000 |
Total Loans | 1,848,759 | 1,618,454 | 1,589,267 |
Excluding Purchased Non-Covered and Covered Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans 30-59 Days Past Due | 9,277 | 21,890 | 11,718 |
Loans 60-89 Days Past Due | 3,367 | 3,661 | 7,335 |
Loans 90 or More Days Past Due | 21,999 | 27,659 | 30,004 |
Total Loans Past Due | 34,643 | 53,210 | 49,057 |
Current Loans | 1,814,116 | 1,565,244 | 1,540,210 |
Total Loans | 1,848,759 | 1,618,454 | 1,589,267 |
Loans 90 Days or More Past Due and Still Accruing | 0 | 0 | 0 |
Commercial, Financial and Agricultural [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Total Loans | 334,783 | 244,373 | 244,991 |
Commercial, Financial and Agricultural [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans 30-59 Days Past Due | 271 | 10,893 | 623 |
Loans 60-89 Days Past Due | 400 | 272 | 297 |
Loans 90 or More Days Past Due | 2,483 | 4,081 | 4,107 |
Total Loans Past Due | 3,154 | 15,246 | 5,027 |
Current Loans | 331,629 | 229,127 | 239,964 |
Total Loans | 334,783 | 244,373 | 244,991 |
Loans 90 Days or More Past Due and Still Accruing | 0 | 0 | 0 |
Real Estate - Construction and Development [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Total Loans | 154,315 | 146,371 | 132,277 |
Real Estate - Construction and Development [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans 30-59 Days Past Due | 1,232 | 1,026 | 1,200 |
Loans 60-89 Days Past Due | 285 | 69 | 794 |
Loans 90 or More Days Past Due | 2,899 | 3,935 | 4,229 |
Total Loans Past Due | 4,416 | 5,030 | 6,223 |
Current Loans | 149,899 | 141,341 | 126,054 |
Total Loans | 154,315 | 146,371 | 132,277 |
Loans 90 Days or More Past Due and Still Accruing | 0 | 0 | 0 |
Real Estate - Commercial and Farmland [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Total Loans | 882,160 | 808,323 | 799,149 |
Real Estate - Commercial and Farmland [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans 30-59 Days Past Due | 3,025 | 3,981 | 3,883 |
Loans 60-89 Days Past Due | 484 | 1,388 | 2,458 |
Loans 90 or More Days Past Due | 8,918 | 7,751 | 9,523 |
Total Loans Past Due | 12,427 | 13,120 | 15,864 |
Current Loans | 869,733 | 795,203 | 783,285 |
Total Loans | 882,160 | 808,323 | 799,149 |
Loans 90 Days or More Past Due and Still Accruing | 0 | 0 | 0 |
Real Estate - Residential [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Total Loans | 436,515 | 366,882 | 355,920 |
Real Estate - Residential [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans 30-59 Days Past Due | 4,416 | 5,422 | 5,515 |
Loans 60-89 Days Past Due | 2,085 | 1,735 | 3,531 |
Loans 90 or More Days Past Due | 7,303 | 11,587 | 11,818 |
Total Loans Past Due | 13,804 | 18,744 | 20,864 |
Current Loans | 422,711 | 348,138 | 335,056 |
Total Loans | 436,515 | 366,882 | 355,920 |
Loans 90 Days or More Past Due and Still Accruing | 0 | 0 | 0 |
Consumer Installment Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Total Loans | 31,403 | 34,249 | 36,303 |
Consumer Installment Loans [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans 30-59 Days Past Due | 333 | 568 | 497 |
Loans 60-89 Days Past Due | 113 | 197 | 255 |
Loans 90 or More Days Past Due | 396 | 305 | 327 |
Total Loans Past Due | 842 | 1,070 | 1,079 |
Current Loans | 30,561 | 33,179 | 35,224 |
Total Loans | 31,403 | 34,249 | 36,303 |
Loans 90 Days or More Past Due and Still Accruing | 0 | 0 | 0 |
Other [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Total Loans | 9,583 | 18,256 | 20,627 |
Other [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans 30-59 Days Past Due | 0 | 0 | 0 |
Loans 60-89 Days Past Due | 0 | 0 | 0 |
Loans 90 or More Days Past Due | 0 | 0 | 0 |
Total Loans Past Due | 0 | 0 | 0 |
Current Loans | 9,583 | 18,256 | 20,627 |
Total Loans | 9,583 | 18,256 | 20,627 |
Loans 90 Days or More Past Due and Still Accruing | $0 | $0 | $0 |
Loans_Summary_of_NonCovered_Pa
Loans - Summary of Non-Covered Past Due Financial Receivables (Detail) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans 30-59 Days Past Due | $8,000 | ' | $17,000 |
Total Loans | 1,848,759 | 1,618,454 | 1,589,267 |
Commercial, Financial and Agricultural [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Total Loans | 334,783 | 244,373 | 244,991 |
Real Estate - Construction and Development [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Total Loans | 154,315 | 146,371 | 132,277 |
Real Estate - Commercial and Farmland [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Total Loans | 882,160 | 808,323 | 799,149 |
Real Estate - Residential [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Total Loans | 436,515 | 366,882 | 355,920 |
Consumer Installment Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Total Loans | 31,403 | 34,249 | 36,303 |
Purchased Non-Covered Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans 30-59 Days Past Due | 8,001 | 12,903 | ' |
Loans 60-89 Days Past Due | 2,853 | 3,314 | ' |
Loans 90 or More Days Past Due | 17,395 | 5,289 | ' |
Total Loans Past Due | 28,249 | 21,506 | ' |
Current Loans | 645,475 | 427,247 | ' |
Total Loans | 673,724 | 448,753 | ' |
Loans 90 Days or More Past Due and Still Accruing | 1,358 | 0 | ' |
Purchased Non-Covered Loans [Member] | Commercial, Financial and Agricultural [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans 30-59 Days Past Due | 33 | 370 | ' |
Loans 60-89 Days Past Due | 46 | 70 | ' |
Loans 90 or More Days Past Due | 55 | 11 | ' |
Total Loans Past Due | 134 | 451 | ' |
Current Loans | 37,943 | 31,690 | ' |
Total Loans | 38,077 | 32,141 | ' |
Loans 90 Days or More Past Due and Still Accruing | 0 | 0 | ' |
Purchased Non-Covered Loans [Member] | Real Estate - Construction and Development [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans 30-59 Days Past Due | 520 | 1,008 | ' |
Loans 60-89 Days Past Due | 135 | 89 | ' |
Loans 90 or More Days Past Due | 3,069 | 325 | ' |
Total Loans Past Due | 3,724 | 1,422 | ' |
Current Loans | 56,538 | 29,754 | ' |
Total Loans | 60,262 | 31,176 | ' |
Loans 90 Days or More Past Due and Still Accruing | 1,100 | 0 | ' |
Purchased Non-Covered Loans [Member] | Real Estate - Commercial and Farmland [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans 30-59 Days Past Due | 3,497 | 6,851 | ' |
Loans 60-89 Days Past Due | 1,227 | 2,064 | ' |
Loans 90 or More Days Past Due | 8,266 | 1,516 | ' |
Total Loans Past Due | 12,990 | 10,431 | ' |
Current Loans | 283,800 | 169,467 | ' |
Total Loans | 296,790 | 179,898 | ' |
Loans 90 Days or More Past Due and Still Accruing | 258 | 0 | ' |
Purchased Non-Covered Loans [Member] | Real Estate - Residential [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans 30-59 Days Past Due | 3,915 | 4,667 | ' |
Loans 60-89 Days Past Due | 1,440 | 1,074 | ' |
Loans 90 or More Days Past Due | 5,929 | 3,428 | ' |
Total Loans Past Due | 11,284 | 9,169 | ' |
Current Loans | 262,063 | 191,682 | ' |
Total Loans | 273,347 | 200,851 | ' |
Loans 90 Days or More Past Due and Still Accruing | 0 | 0 | ' |
Purchased Non-Covered Loans [Member] | Consumer Installment Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans 30-59 Days Past Due | 36 | 7 | ' |
Loans 60-89 Days Past Due | 5 | 17 | ' |
Loans 90 or More Days Past Due | 76 | 9 | ' |
Total Loans Past Due | 117 | 33 | ' |
Current Loans | 5,131 | 4,654 | ' |
Total Loans | 5,248 | 4,687 | ' |
Loans 90 Days or More Past Due and Still Accruing | $0 | $0 | ' |
Loans_Summary_of_Covered_Past_
Loans - Summary of Covered Past Due Financial Receivables (Detail) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans 30-59 Days Past Due | $8,000 | ' | $17,000 |
Total Loans | 1,848,759 | 1,618,454 | 1,589,267 |
Covered Loans [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans 30-59 Days Past Due | 10,996 | 20,990 | 13,544 |
Loans 60-89 Days Past Due | 2,062 | 6,434 | 7,785 |
Loans 90 or More Days Past Due | 25,231 | 57,197 | 64,368 |
Total Loans Past Due | 38,289 | 84,621 | 85,697 |
Current Loans | 275,300 | 305,616 | 331,952 |
Total Loans | 313,589 | 390,237 | 417,649 |
Loans 90 Days or More Past Due and Still Accruing | 370 | 346 | 1,657 |
Commercial, Financial and Agricultural [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Total Loans | 334,783 | 244,373 | 244,991 |
Commercial, Financial and Agricultural [Member] | Covered Loans [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans 30-59 Days Past Due | 568 | 3,966 | 319 |
Loans 60-89 Days Past Due | 188 | 12 | 50 |
Loans 90 or More Days Past Due | 1,978 | 6,165 | 6,695 |
Total Loans Past Due | 2,734 | 10,143 | 7,064 |
Current Loans | 19,811 | 16,407 | 20,704 |
Total Loans | 22,545 | 26,550 | 27,768 |
Loans 90 Days or More Past Due and Still Accruing | 0 | 0 | 0 |
Real Estate - Construction and Development [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Total Loans | 154,315 | 146,371 | 132,277 |
Real Estate - Construction and Development [Member] | Covered Loans [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans 30-59 Days Past Due | 632 | 843 | 2,831 |
Loans 60-89 Days Past Due | 72 | 144 | 658 |
Loans 90 or More Days Past Due | 8,659 | 14,055 | 15,781 |
Total Loans Past Due | 9,363 | 15,042 | 19,270 |
Current Loans | 18,393 | 28,137 | 31,432 |
Total Loans | 27,756 | 43,179 | 50,702 |
Loans 90 Days or More Past Due and Still Accruing | 0 | 0 | 266 |
Real Estate - Commercial and Farmland [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Total Loans | 882,160 | 808,323 | 799,149 |
Real Estate - Commercial and Farmland [Member] | Covered Loans [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans 30-59 Days Past Due | 7,100 | 8,482 | 7,365 |
Loans 60-89 Days Past Due | 322 | 4,350 | 5,350 |
Loans 90 or More Days Past Due | 8,930 | 26,428 | 30,503 |
Total Loans Past Due | 16,352 | 39,260 | 43,218 |
Current Loans | 164,214 | 185,191 | 193,868 |
Total Loans | 180,566 | 224,451 | 237,086 |
Loans 90 Days or More Past Due and Still Accruing | 305 | 346 | 568 |
Real Estate - Residential [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Total Loans | 436,515 | 366,882 | 355,920 |
Real Estate - Residential [Member] | Covered Loans [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans 30-59 Days Past Due | 2,694 | 7,648 | 2,980 |
Loans 60-89 Days Past Due | 1,473 | 1,914 | 1,727 |
Loans 90 or More Days Past Due | 5,563 | 10,244 | 11,078 |
Total Loans Past Due | 9,730 | 19,806 | 15,785 |
Current Loans | 72,715 | 75,367 | 85,361 |
Total Loans | 82,445 | 95,173 | 101,146 |
Loans 90 Days or More Past Due and Still Accruing | 65 | 0 | 823 |
Consumer Installment Loans [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Total Loans | 31,403 | 34,249 | 36,303 |
Consumer Installment Loans [Member] | Covered Loans [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans 30-59 Days Past Due | 2 | 51 | 49 |
Loans 60-89 Days Past Due | 7 | 14 | 0 |
Loans 90 or More Days Past Due | 101 | 305 | 311 |
Total Loans Past Due | 110 | 370 | 360 |
Current Loans | 167 | 514 | 587 |
Total Loans | 277 | 884 | 947 |
Loans 90 Days or More Past Due and Still Accruing | $0 | $0 | $0 |
Loans_Summary_of_Impaired_Fina
Loans - Summary of Impaired Financial Receivables Excluding Purchased Non-Covered and Covered Loans (Detail) (USD $) | 9 Months Ended | 12 Months Ended | |
Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Troubled debt restructurings not included above | $20,500,000 | $20,200,000 | $20,900,000 |
Excluding Purchased Non-Covered and Covered Loans [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Nonaccrual loans | 22,810,000 | 31,720,000 | 29,203,000 |
Troubled debt restructurings not included above | 17,261,000 | 17,024,000 | 17,214,000 |
Total impaired loans | 40,071,000 | 48,744,000 | 46,417,000 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Quarter-To-Date [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Quarter-to-date interest income recognized on impaired loans | 117,000 | 17,000 | 54,000 |
Quarter-to-date foregone interest income on impaired loans | 138,000 | 216,000 | 30,000 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Year-To-Date [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Quarter-to-date interest income recognized on impaired loans | 799,000 | 468,000 | 522,000 |
Quarter-to-date foregone interest income on impaired loans | $161,000 | $388,000 | $418,000 |
Loans_Analysis_of_Information_
Loans - Analysis of Information Pertaining to Impaired Loans, Excluding Purchased Non-Covered and Covered Loans (Detail) (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' |
Unpaid Contractual Principal Balance | $2,836,072 | $2,457,444 | $2,006,916 | $2,836,072 | $2,006,916 | $2,457,444 |
Commercial, Financial and Agricultural [Member] | ' | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' |
Unpaid Contractual Principal Balance | 334,783 | 244,373 | 244,991 | 334,783 | 244,991 | 244,373 |
Real Estate - Construction and Development [Member] | ' | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' |
Unpaid Contractual Principal Balance | 154,315 | 146,371 | 132,277 | 154,315 | 132,277 | 146,371 |
Real Estate - Commercial and Farmland [Member] | ' | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' |
Unpaid Contractual Principal Balance | 882,160 | 808,323 | 799,149 | 882,160 | 799,149 | 808,323 |
Real Estate - Residential [Member] | ' | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' |
Unpaid Contractual Principal Balance | 436,515 | 366,882 | 355,920 | 436,515 | 355,920 | 366,882 |
Excluding Purchased Non-Covered and Covered Loans [Member] | ' | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' |
Unpaid Contractual Principal Balance | 51,081 | 61,024 | 65,594 | 51,081 | 65,594 | 61,024 |
Recorded Investment With No Allowance | 13,165 | 0 | 0 | 13,165 | 0 | 0 |
Recorded Investment With Allowance | 26,906 | 46,417 | 48,744 | 26,906 | 48,744 | 46,417 |
Total impaired loans | 40,071 | 46,417 | 48,744 | 40,071 | 48,744 | 46,417 |
Related Allowance | 4,237 | 3,871 | 5,180 | 4,237 | 5,180 | 3,871 |
Average Recorded Investment | 39,760 | 47,580 | 49,285 | 42,878 | 53,047 | 51,721 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Commercial, Financial and Agricultural [Member] | ' | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' |
Unpaid Contractual Principal Balance | 4,445 | 6,240 | 7,401 | 4,445 | 7,401 | 6,240 |
Recorded Investment With No Allowance | 8 | 0 | 0 | 8 | 0 | 0 |
Recorded Investment With Allowance | 2,943 | 4,618 | 4,719 | 2,943 | 4,719 | 4,618 |
Total impaired loans | 2,951 | 4,618 | 4,719 | 2,951 | 4,719 | 4,618 |
Related Allowance | 631 | 435 | 820 | 631 | 820 | 435 |
Average Recorded Investment | 2,402 | 4,669 | 5,052 | 3,285 | 4,900 | 4,844 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Real Estate - Construction and Development [Member] | ' | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' |
Unpaid Contractual Principal Balance | 8,824 | 11,363 | 14,299 | 8,824 | 14,299 | 11,363 |
Recorded Investment With No Allowance | 211 | 0 | 0 | 211 | 0 | 0 |
Recorded Investment With Allowance | 4,743 | 5,867 | 6,155 | 4,743 | 6,155 | 5,867 |
Total impaired loans | 4,954 | 5,867 | 6,155 | 4,954 | 6,155 | 5,867 |
Related Allowance | 612 | 512 | 821 | 612 | 821 | 512 |
Average Recorded Investment | 5,243 | 6,011 | 6,775 | 5,596 | 8,960 | 8,341 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Real Estate - Commercial and Farmland [Member] | ' | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' |
Unpaid Contractual Principal Balance | 18,955 | 18,456 | 18,628 | 18,955 | 18,628 | 18,456 |
Recorded Investment With No Allowance | 7,311 | 0 | 0 | 7,311 | 0 | 0 |
Recorded Investment With Allowance | 8,753 | 15,479 | 16,241 | 8,753 | 16,241 | 15,479 |
Total impaired loans | 16,064 | 15,479 | 16,241 | 16,064 | 16,241 | 15,479 |
Related Allowance | 1,698 | 1,443 | 1,999 | 1,698 | 1,999 | 1,443 |
Average Recorded Investment | 16,242 | 15,860 | 16,366 | 16,312 | 18,079 | 17,559 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Real Estate - Residential [Member] | ' | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' |
Unpaid Contractual Principal Balance | 18,251 | 24,342 | 24,701 | 18,251 | 24,701 | 24,342 |
Recorded Investment With No Allowance | 5,635 | 0 | 0 | 5,635 | 0 | 0 |
Recorded Investment With Allowance | 9,946 | 19,970 | 21,174 | 9,946 | 21,174 | 19,970 |
Total impaired loans | 15,581 | 19,970 | 21,174 | 15,581 | 21,174 | 19,970 |
Related Allowance | 1,286 | 1,472 | 1,530 | 1,286 | 1,530 | 1,472 |
Average Recorded Investment | 15,356 | 20,571 | 20,533 | 17,169 | 20,427 | 20,335 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Consumer Installment Loans [Member] | ' | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' |
Unpaid Contractual Principal Balance | 606 | 623 | 565 | 606 | 565 | 623 |
Recorded Investment With No Allowance | 0 | 0 | 0 | 0 | 0 | 0 |
Recorded Investment With Allowance | 521 | 483 | 455 | 521 | 455 | 483 |
Total impaired loans | 521 | 483 | 455 | 521 | 455 | 483 |
Related Allowance | 10 | 9 | 10 | 10 | 10 | 9 |
Average Recorded Investment | $517 | $469 | $559 | $516 | $681 | $642 |
Loans_Summary_of_Impaired_Fina1
Loans - Summary of Impaired Financial Receivables (Summary of Purchased Non-Covered Impaired Loans) (Detail) (USD $) | 9 Months Ended | 12 Months Ended | |
Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Troubled debt restructurings not included above | $20,500,000 | $20,200,000 | $20,900,000 |
Purchased Non-Covered Loans [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Nonaccrual loans | 17,007,000 | ' | 6,659,000 |
Troubled debt restructurings not included above | 583,000 | ' | 0 |
Total impaired loans | 17,590,000 | ' | 6,659,000 |
Purchased Non-Covered Loans [Member] | Quarter-To-Date [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Quarter-to-date interest income recognized on impaired loans | 19,000 | ' | 0 |
Quarter-to-date foregone interest income on impaired loans | 18,000 | ' | 0 |
Purchased Non-Covered Loans [Member] | Year-To-Date [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Quarter-to-date interest income recognized on impaired loans | 35,000 | ' | 0 |
Quarter-to-date foregone interest income on impaired loans | $176,000 | ' | $0 |
Loans_Analysis_of_Information_1
Loans - Analysis of Information Pertaining to Purchased Non-Covered Impaired Loans (Detail) (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Unpaid Contractual Principal Balance | $2,836,072 | $2,457,444 | $2,836,072 | $2,457,444 | $2,006,916 |
Commercial, Financial and Agricultural [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Unpaid Contractual Principal Balance | 334,783 | 244,373 | 334,783 | 244,373 | 244,991 |
Real Estate - Construction and Development [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Unpaid Contractual Principal Balance | 154,315 | 146,371 | 154,315 | 146,371 | 132,277 |
Real Estate - Commercial and Farmland [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Unpaid Contractual Principal Balance | 882,160 | 808,323 | 882,160 | 808,323 | 799,149 |
Real Estate - Residential [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Unpaid Contractual Principal Balance | 436,515 | 366,882 | 436,515 | 366,882 | 355,920 |
Purchased Non-Covered Loans [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Unpaid Contractual Principal Balance | 26,380 | 10,996 | 26,380 | 10,996 | ' |
Recorded Investment With No Allowance | 17,590 | 6,659 | 17,590 | 6,659 | ' |
Recorded Investment With Allowance | 0 | 0 | 0 | 0 | ' |
Total Recorded Investment | 17,590 | 6,659 | 17,590 | 6,659 | ' |
Related Allowance | 0 | 0 | 0 | 0 | ' |
Average Recorded Investment | 16,680 | 507 | 13,834 | 128 | ' |
Purchased Non-Covered Loans [Member] | Commercial, Financial and Agricultural [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Unpaid Contractual Principal Balance | 438 | 19 | 438 | 19 | ' |
Recorded Investment With No Allowance | 54 | 11 | 54 | 11 | ' |
Recorded Investment With Allowance | 0 | 0 | 0 | 0 | ' |
Total Recorded Investment | 54 | 11 | 54 | 11 | ' |
Related Allowance | 0 | 0 | 0 | 0 | ' |
Average Recorded Investment | 98 | 1 | 81 | 0 | ' |
Purchased Non-Covered Loans [Member] | Real Estate - Construction and Development [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Unpaid Contractual Principal Balance | 3,794 | 542 | 3,794 | 542 | ' |
Recorded Investment With No Allowance | 2,274 | 325 | 2,274 | 325 | ' |
Recorded Investment With Allowance | 0 | 0 | 0 | 0 | ' |
Total Recorded Investment | 2,274 | 325 | 2,274 | 325 | ' |
Related Allowance | 0 | 0 | 0 | 0 | ' |
Average Recorded Investment | 2,273 | 25 | 1,501 | 6 | ' |
Purchased Non-Covered Loans [Member] | Real Estate - Commercial and Farmland [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Unpaid Contractual Principal Balance | 12,354 | 2,673 | 12,354 | 2,673 | ' |
Recorded Investment With No Allowance | 8,776 | 1,653 | 8,776 | 1,653 | ' |
Recorded Investment With Allowance | 0 | 0 | 0 | 0 | ' |
Total Recorded Investment | 8,776 | 1,653 | 8,776 | 1,653 | ' |
Related Allowance | 0 | 0 | 0 | 0 | ' |
Average Recorded Investment | 7,712 | 126 | 5,976 | 32 | ' |
Purchased Non-Covered Loans [Member] | Real Estate - Residential [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Unpaid Contractual Principal Balance | 9,610 | 7,712 | 9,610 | 7,712 | ' |
Recorded Investment With No Allowance | 6,407 | 4,658 | 6,407 | 4,658 | ' |
Recorded Investment With Allowance | 0 | 0 | 0 | 0 | ' |
Total Recorded Investment | 6,407 | 4,658 | 6,407 | 4,658 | ' |
Related Allowance | 0 | 0 | 0 | 0 | ' |
Average Recorded Investment | 6,533 | 354 | 6,233 | 90 | ' |
Purchased Non-Covered Loans [Member] | Consumer Installment Loans [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Unpaid Contractual Principal Balance | 184 | 20 | 184 | 20 | ' |
Recorded Investment With No Allowance | 79 | 12 | 79 | 12 | ' |
Recorded Investment With Allowance | 0 | 0 | 0 | 0 | ' |
Total Recorded Investment | 79 | 12 | 79 | 12 | ' |
Related Allowance | 0 | 0 | 0 | 0 | ' |
Average Recorded Investment | $64 | $1 | $43 | ' | ' |
Loans_Summary_of_Impaired_Fina2
Loans - Summary of Impaired Financial Receivables (Summary of Covered Impaired Loans) (Detail) (USD $) | 9 Months Ended | 12 Months Ended | |
Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Troubled debt restructurings not included above | $20,500,000 | $20,200,000 | $20,900,000 |
Covered Impaired Loans [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Nonaccrual loans | 39,283,000 | 74,911,000 | 69,152,000 |
Troubled debt restructurings not included above | 22,757,000 | 21,184,000 | 22,243,000 |
Total impaired loans | 62,040,000 | 96,095,000 | 91,395,000 |
Covered Impaired Loans [Member] | Quarter-To-Date [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Quarter-to-date interest income recognized on impaired loans | 176,000 | 9,000 | 175,000 |
Quarter-to-date foregone interest income on impaired loans | 0 | 44,000 | 44,000 |
Covered Impaired Loans [Member] | Year-To-Date [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Quarter-to-date interest income recognized on impaired loans | 1,115,000 | 793,000 | 968,000 |
Quarter-to-date foregone interest income on impaired loans | $94,000 | $286,000 | $330,000 |
Loans_Summary_of_Impaired_Fina3
Loans - Summary of Impaired Financial Receivables (Analysis of Covered Impaired Loans) (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' |
Unpaid Contractual Principal Balance | $2,836,072 | $2,457,444 | $2,006,916 | $2,836,072 | $2,457,444 | $2,006,916 |
Commercial, Financial and Agricultural [Member] | ' | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' |
Unpaid Contractual Principal Balance | 334,783 | 244,373 | 244,991 | 334,783 | 244,373 | 244,991 |
Real Estate - Construction and Development [Member] | ' | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' |
Unpaid Contractual Principal Balance | 154,315 | 146,371 | 132,277 | 154,315 | 146,371 | 132,277 |
Real Estate - Commercial and Farmland [Member] | ' | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' |
Unpaid Contractual Principal Balance | 882,160 | 808,323 | 799,149 | 882,160 | 808,323 | 799,149 |
Real Estate - Residential [Member] | ' | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' |
Unpaid Contractual Principal Balance | 436,515 | 366,882 | 355,920 | 436,515 | 366,882 | 355,920 |
Covered Loans [Member] | ' | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' |
Unpaid Contractual Principal Balance | 71,713 | 106,690 | 115,633 | 71,713 | 106,690 | 115,633 |
Recorded Investment With No Allowance | 62,040 | 91,395 | 96,095 | 62,040 | 91,395 | 96,095 |
Recorded Investment With Allowance | 0 | 0 | 0 | 0 | 0 | 0 |
Total Recorded Investment | 62,040 | 91,395 | 96,095 | 62,040 | 91,395 | 96,095 |
Related Allowance | 0 | 0 | 0 | 0 | 0 | 0 |
Average Recorded Investment | 64,641 | 93,745 | 103,872 | 75,808 | 110,830 | 115,689 |
Covered Loans [Member] | Commercial, Financial and Agricultural [Member] | ' | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' |
Unpaid Contractual Principal Balance | 11,356 | 9,680 | 10,645 | 11,356 | 9,680 | 10,645 |
Recorded Investment With No Allowance | 8,467 | 7,270 | 7,884 | 8,467 | 7,270 | 7,884 |
Recorded Investment With Allowance | 0 | 0 | 0 | 0 | 0 | 0 |
Total Recorded Investment | 8,467 | 7,270 | 7,884 | 8,467 | 7,270 | 7,884 |
Related Allowance | 0 | 0 | 0 | 0 | 0 | 0 |
Average Recorded Investment | 10,367 | 7,577 | 8,327 | 9,511 | 8,696 | 9,052 |
Covered Loans [Member] | Real Estate - Construction and Development [Member] | ' | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' |
Unpaid Contractual Principal Balance | 13,268 | 20,915 | 25,401 | 13,268 | 20,915 | 25,401 |
Recorded Investment With No Allowance | 11,920 | 18,037 | 20,890 | 11,920 | 18,037 | 20,890 |
Recorded Investment With Allowance | 0 | 0 | 0 | 0 | 0 | 0 |
Total Recorded Investment | 11,920 | 18,037 | 20,890 | 11,920 | 18,037 | 20,890 |
Related Allowance | 0 | 0 | 0 | 0 | 0 | 0 |
Average Recorded Investment | 11,484 | 19,464 | 21,860 | 14,760 | 21,794 | 22,734 |
Covered Loans [Member] | Real Estate - Commercial and Farmland [Member] | ' | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' |
Unpaid Contractual Principal Balance | 26,624 | 46,612 | 51,105 | 26,624 | 46,612 | 51,105 |
Recorded Investment With No Allowance | 23,118 | 40,749 | 43,279 | 23,118 | 40,749 | 43,279 |
Recorded Investment With Allowance | 0 | 0 | 0 | 0 | 0 | 0 |
Total Recorded Investment | 23,118 | 40,749 | 43,279 | 23,118 | 40,749 | 43,279 |
Related Allowance | 0 | 0 | 0 | 0 | 0 | 0 |
Average Recorded Investment | 23,562 | 42,014 | 48,558 | 29,904 | 51,584 | 54,292 |
Covered Loans [Member] | Real Estate - Residential [Member] | ' | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' |
Unpaid Contractual Principal Balance | 20,331 | 29,089 | 28,078 | 20,331 | 29,089 | 28,078 |
Recorded Investment With No Allowance | 18,430 | 24,998 | 23,692 | 18,430 | 24,998 | 23,692 |
Recorded Investment With Allowance | 0 | 0 | 0 | 0 | 0 | 0 |
Total Recorded Investment | 18,430 | 24,998 | 23,692 | 18,430 | 24,998 | 23,692 |
Related Allowance | 0 | 0 | 0 | 0 | 0 | 0 |
Average Recorded Investment | 19,112 | 24,345 | 24,810 | 21,456 | 28,452 | 29,316 |
Covered Loans [Member] | Consumer Installment Loans [Member] | ' | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' |
Unpaid Contractual Principal Balance | 134 | 394 | 404 | 134 | 394 | 404 |
Recorded Investment With No Allowance | 105 | 341 | 350 | 105 | 341 | 350 |
Recorded Investment With Allowance | 0 | 0 | 0 | 0 | 0 | 0 |
Total Recorded Investment | 105 | 341 | 350 | 105 | 341 | 350 |
Related Allowance | 0 | 0 | 0 | 0 | 0 | 0 |
Average Recorded Investment | $116 | $346 | $318 | $177 | $304 | $295 |
Loans_Summary_of_Credit_Qualit
Loans - Summary of Credit Quality Indicate Financial Receivable (Loan Excluding Purchased Non-Covered and Covered Loans Portfolio) (Detail) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | $1,848,759 | $1,618,454 | $1,589,267 |
Commercial, Financial and Agricultural [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 334,783 | 244,373 | 244,991 |
Real Estate - Construction and Development [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 154,315 | 146,371 | 132,277 |
Real Estate - Commercial and Farmland [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 882,160 | 808,323 | 799,149 |
Real Estate - Residential [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 436,515 | 366,882 | 355,920 |
Consumer Installment Loans [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 31,403 | 34,249 | 36,303 |
Other [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 9,583 | 18,256 | 20,627 |
Excluding Purchased Non-Covered and Covered Loans [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 1,848,759 | 1,618,454 | 1,589,267 |
Excluding Purchased Non-Covered and Covered Loans [Member] | 10 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 121,486 | 74,381 | 72,759 |
Excluding Purchased Non-Covered and Covered Loans [Member] | 15 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 222,714 | 230,212 | 230,810 |
Excluding Purchased Non-Covered and Covered Loans [Member] | 20 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 908,055 | 773,051 | 731,154 |
Excluding Purchased Non-Covered and Covered Loans [Member] | 23 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 28,826 | 31,604 | 30,729 |
Excluding Purchased Non-Covered and Covered Loans [Member] | 25 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 484,199 | 420,491 | 433,358 |
Excluding Purchased Non-Covered and Covered Loans [Member] | 30 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 31,750 | 30,591 | 28,952 |
Excluding Purchased Non-Covered and Covered Loans [Member] | 40 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 51,640 | 57,987 | 61,270 |
Excluding Purchased Non-Covered and Covered Loans [Member] | 50 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 88 | 137 | 235 |
Excluding Purchased Non-Covered and Covered Loans [Member] | 60 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 1 | 0 | 0 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Commercial, Financial and Agricultural [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 334,783 | 244,373 | 244,991 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Commercial, Financial and Agricultural [Member] | 10 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 114,298 | 66,983 | 65,033 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Commercial, Financial and Agricultural [Member] | 15 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 29,665 | 24,789 | 20,668 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Commercial, Financial and Agricultural [Member] | 20 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 110,337 | 93,852 | 89,216 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Commercial, Financial and Agricultural [Member] | 23 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 186 | 127 | 97 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Commercial, Financial and Agricultural [Member] | 25 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 73,251 | 50,373 | 60,407 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Commercial, Financial and Agricultural [Member] | 30 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 3,438 | 2,111 | 3,019 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Commercial, Financial and Agricultural [Member] | 40 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 3,608 | 6,011 | 6,326 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Commercial, Financial and Agricultural [Member] | 50 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 0 | 127 | 225 |
Excluding Purchased Non-Covered and 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 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Real Estate - Construction and Development [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 154,315 | 146,371 | 132,277 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Real Estate - Construction and Development [Member] | 10 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 171 | 0 | 0 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Real Estate - Construction and Development [Member] | 15 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 4,114 | 4,655 | 5,080 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Real Estate - Construction and Development [Member] | 20 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 50,427 | 45,195 | 37,765 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Real Estate - Construction and Development [Member] | 23 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 9,292 | 8,343 | 7,085 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Real Estate - Construction and Development [Member] | 25 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 83,245 | 78,736 | 72,942 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Real Estate - Construction and Development [Member] | 30 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 1,781 | 2,876 | 2,264 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Real Estate - Construction and Development [Member] | 40 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 5,285 | 6,566 | 7,141 |
Excluding Purchased Non-Covered and 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 |
Excluding Purchased Non-Covered and 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 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Real Estate - Commercial and Farmland [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 882,160 | 808,323 | 799,149 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Real Estate - Commercial and Farmland [Member] | 10 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 251 | 265 | 278 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Real Estate - Commercial and Farmland [Member] | 15 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 136,303 | 147,157 | 147,355 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Real Estate - Commercial and Farmland [Member] | 20 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 478,551 | 431,790 | 421,669 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Real Estate - Commercial and Farmland [Member] | 23 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 9,574 | 10,219 | 10,054 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Real Estate - Commercial and Farmland [Member] | 25 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 217,226 | 181,645 | 183,371 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Real Estate - Commercial and Farmland [Member] | 30 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 16,217 | 11,849 | 12,089 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Real Estate - Commercial and Farmland [Member] | 40 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 23,950 | 25,398 | 24,333 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Real Estate - Commercial and Farmland [Member] | 50 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 88 | 0 | 0 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Real Estate - Commercial and Farmland [Member] | 60 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 0 | 0 | 0 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Real Estate - Residential [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 436,515 | 366,882 | 355,920 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Real Estate - Residential [Member] | 10 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 479 | 419 | 420 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Real Estate - Residential [Member] | 15 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 51,508 | 52,335 | 56,464 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Real Estate - Residential [Member] | 20 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 241,457 | 165,339 | 142,186 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Real Estate - Residential [Member] | 23 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 9,469 | 12,641 | 13,275 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Real Estate - Residential [Member] | 25 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 105,635 | 103,427 | 109,604 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Real Estate - Residential [Member] | 30 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 10,060 | 13,558 | 11,427 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Real Estate - Residential [Member] | 40 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 17,907 | 19,153 | 22,534 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Real Estate - Residential [Member] | 50 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 0 | 10 | 10 |
Excluding Purchased Non-Covered and 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 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Consumer Installment Loans [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 31,403 | 34,249 | 36,303 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Consumer Installment Loans [Member] | 10 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 6,287 | 6,714 | 7,028 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Consumer Installment Loans [Member] | 15 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 1,124 | 1,276 | 1,243 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Consumer Installment Loans [Member] | 20 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 17,700 | 18,619 | 19,691 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Consumer Installment Loans [Member] | 23 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 305 | 274 | 218 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Consumer Installment Loans [Member] | 25 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 4,842 | 6,310 | 7,034 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Consumer Installment Loans [Member] | 30 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 254 | 197 | 153 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Consumer Installment Loans [Member] | 40 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 890 | 859 | 936 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Consumer Installment Loans [Member] | 50 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 0 | 0 | 0 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Consumer Installment Loans [Member] | 60 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 1 | 0 | 0 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Other [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 9,583 | 18,256 | 20,627 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Other [Member] | 10 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 0 | 0 | 0 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Other [Member] | 15 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 0 | 0 | 0 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Other [Member] | 20 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 9,583 | 18,256 | 20,627 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Other [Member] | 23 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 0 | 0 | 0 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Other [Member] | 25 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 0 | 0 | 0 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Other [Member] | 30 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 0 | 0 | 0 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Other [Member] | 40 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 0 | 0 | 0 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Other [Member] | 50 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 0 | 0 | 0 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Other [Member] | 60 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | $0 | $0 | $0 |
Loans_Summary_of_Credit_Qualit1
Loans - Summary of Credit Quality Indicate Financial Receivable (Non-Covered Loan Portfolio) (Detail) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | $1,848,759 | $1,618,454 | $1,589,267 |
Commercial, Financial and Agricultural [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 334,783 | 244,373 | 244,991 |
Real Estate - Construction and Development [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 154,315 | 146,371 | 132,277 |
Real Estate - Commercial and Farmland [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 882,160 | 808,323 | 799,149 |
Real Estate - Residential [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 436,515 | 366,882 | 355,920 |
Consumer Installment Loans [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 31,403 | 34,249 | 36,303 |
Other [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 9,583 | 18,256 | 20,627 |
Purchased Non-Covered Loans [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 673,724 | 448,753 | ' |
Purchased Non-Covered Loans [Member] | 10 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 3,965 | 2,605 | ' |
Purchased Non-Covered Loans [Member] | 15 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 35,461 | 34,474 | ' |
Purchased Non-Covered Loans [Member] | 20 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 180,702 | 88,893 | ' |
Purchased Non-Covered Loans [Member] | 23 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 1,216 | 0 | ' |
Purchased Non-Covered Loans [Member] | 25 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 399,729 | 274,442 | ' |
Purchased Non-Covered Loans [Member] | 30 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 20,048 | 22,962 | ' |
Purchased Non-Covered Loans [Member] | 40 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 32,565 | 25,377 | ' |
Purchased Non-Covered Loans [Member] | 50 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 38 | 0 | ' |
Purchased Non-Covered Loans [Member] | 60 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 0 | 0 | ' |
Purchased Non-Covered Loans [Member] | Commercial, Financial and Agricultural [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 38,077 | 32,141 | ' |
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 | 3,187 | 1,865 | ' |
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 | 5,023 | 4,606 | ' |
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 | 11,230 | 5,172 | ' |
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 | 8 | 0 | ' |
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 | 16,467 | 19,638 | ' |
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 | 1,494 | 576 | ' |
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 | 668 | 284 | ' |
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 | 0 | 0 | ' |
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 | 0 | 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 | 60,262 | 31,176 | ' |
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 | ' |
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 | 447 | 7 | ' |
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 | 12,345 | 3,960 | ' |
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 | 0 | 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 | 38,426 | 20,733 | ' |
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 | 2,164 | 1,760 | ' |
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 | 6,880 | 4,716 | ' |
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 | ' |
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 | ' |
Purchased Non-Covered Loans [Member] | Real Estate - Commercial and Farmland [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 296,790 | 179,898 | ' |
Purchased Non-Covered Loans [Member] | Real Estate - Commercial and Farmland [Member] | 10 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 0 | 0 | ' |
Purchased Non-Covered Loans [Member] | Real Estate - Commercial and Farmland [Member] | 15 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 14,136 | 12,998 | ' |
Purchased Non-Covered Loans [Member] | Real Estate - Commercial and Farmland [Member] | 20 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 90,915 | 43,802 | ' |
Purchased Non-Covered Loans [Member] | Real Estate - Commercial and Farmland [Member] | 23 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 0 | 0 | ' |
Purchased Non-Covered Loans [Member] | Real Estate - Commercial and Farmland [Member] | 25 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 167,458 | 102,260 | ' |
Purchased Non-Covered Loans [Member] | Real Estate - Commercial and Farmland [Member] | 30 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 9,300 | 9,554 | ' |
Purchased Non-Covered Loans [Member] | Real Estate - Commercial and Farmland [Member] | 40 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 14,981 | 11,284 | ' |
Purchased Non-Covered Loans [Member] | Real Estate - Commercial and Farmland [Member] | 50 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 0 | 0 | ' |
Purchased Non-Covered Loans [Member] | Real Estate - Commercial and Farmland [Member] | 60 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 0 | 0 | ' |
Purchased Non-Covered Loans [Member] | Real Estate - Residential [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 273,347 | 200,851 | ' |
Purchased Non-Covered Loans [Member] | Real Estate - Residential [Member] | 10 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 292 | 289 | ' |
Purchased Non-Covered Loans [Member] | Real Estate - Residential [Member] | 15 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 15,336 | 16,160 | ' |
Purchased Non-Covered Loans [Member] | Real Estate - Residential [Member] | 20 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 64,178 | 34,576 | ' |
Purchased Non-Covered Loans [Member] | Real Estate - Residential [Member] | 23 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 1,208 | 0 | ' |
Purchased Non-Covered Loans [Member] | Real Estate - Residential [Member] | 25 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 175,313 | 129,923 | ' |
Purchased Non-Covered Loans [Member] | Real Estate - Residential [Member] | 30 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 7,071 | 10,878 | ' |
Purchased Non-Covered Loans [Member] | Real Estate - Residential [Member] | 40 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 9,915 | 9,025 | ' |
Purchased Non-Covered Loans [Member] | Real Estate - Residential [Member] | 50 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 34 | 0 | ' |
Purchased Non-Covered Loans [Member] | Real Estate - Residential [Member] | 60 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 0 | 0 | ' |
Purchased Non-Covered Loans [Member] | Consumer Installment Loans [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 5,248 | 4,687 | ' |
Purchased Non-Covered Loans [Member] | Consumer Installment Loans [Member] | 10 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 486 | 451 | ' |
Purchased Non-Covered Loans [Member] | Consumer Installment Loans [Member] | 15 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 519 | 703 | ' |
Purchased Non-Covered Loans [Member] | Consumer Installment Loans [Member] | 20 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 2,034 | 1,383 | ' |
Purchased Non-Covered Loans [Member] | Consumer Installment Loans [Member] | 23 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 0 | 0 | ' |
Purchased Non-Covered Loans [Member] | Consumer Installment Loans [Member] | 25 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 2,065 | 1,888 | ' |
Purchased Non-Covered Loans [Member] | Consumer Installment Loans [Member] | 30 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 19 | 194 | ' |
Purchased Non-Covered Loans [Member] | Consumer Installment Loans [Member] | 40 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 121 | 68 | ' |
Purchased Non-Covered Loans [Member] | Consumer Installment Loans [Member] | 50 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 4 | 0 | ' |
Purchased Non-Covered Loans [Member] | Consumer Installment Loans [Member] | 60 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 0 | 0 | ' |
Purchased Non-Covered Loans [Member] | Other [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 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 | ' |
Purchased Non-Covered Loans [Member] | Other [Member] | 15 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 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 | ' |
Purchased Non-Covered Loans [Member] | Other [Member] | 23 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 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 | ' |
Purchased Non-Covered Loans [Member] | Other [Member] | 30 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 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 | ' |
Purchased Non-Covered Loans [Member] | Other [Member] | 50 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 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 | ' |
Loans_Summary_of_Credit_Qualit2
Loans - Summary of Credit Quality Indicate Financial Receivable (Covered Loan Portfolio) (Detail) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | $1,848,759 | $1,618,454 | $1,589,267 |
Commercial, Financial and Agricultural [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 334,783 | 244,373 | 244,991 |
Real Estate - Construction and Development [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 154,315 | 146,371 | 132,277 |
Real Estate - Commercial and Farmland [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 882,160 | 808,323 | 799,149 |
Real Estate - Residential [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 436,515 | 366,882 | 355,920 |
Consumer Installment Loans [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 31,403 | 34,249 | 36,303 |
Other [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 9,583 | 18,256 | 20,627 |
Covered Loans [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 313,589 | 390,237 | 417,649 |
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 | 1,328 | 1,702 | 1,761 |
Covered Loans [Member] | 20 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 53,910 | 66,963 | 71,049 |
Covered Loans [Member] | 23 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 21,147 | 23,055 | 20,876 |
Covered Loans [Member] | 25 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 141,998 | 157,438 | 163,737 |
Covered Loans [Member] | 30 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 25,333 | 35,424 | 40,990 |
Covered Loans [Member] | 40 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 69,873 | 105,655 | 119,236 |
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 | 22,545 | 26,550 | 27,768 |
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 | 0 |
Covered Loans [Member] | Commercial, Financial and Agricultural [Member] | 20 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 1,302 | 2,184 | 2,697 |
Covered Loans [Member] | Commercial, Financial and Agricultural [Member] | 23 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 145 | 134 | 135 |
Covered Loans [Member] | Commercial, Financial and Agricultural [Member] | 25 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 5,687 | 7,508 | 7,609 |
Covered Loans [Member] | Commercial, Financial and Agricultural [Member] | 30 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 4,827 | 5,125 | 1,485 |
Covered Loans [Member] | Commercial, Financial and Agricultural [Member] | 40 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 10,584 | 11,599 | 15,842 |
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 | 27,756 | 43,179 | 50,702 |
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 | 2 | 16 | 22 |
Covered Loans [Member] | Real Estate - Construction and Development [Member] | 20 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 3,380 | 8,549 | 11,347 |
Covered Loans [Member] | Real Estate - Construction and Development [Member] | 23 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 547 | 1,085 | 1,080 |
Covered Loans [Member] | Real Estate - Construction and Development [Member] | 25 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 11,725 | 9,611 | 7,360 |
Covered Loans [Member] | Real Estate - Construction and Development [Member] | 30 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 3,006 | 2,006 | 5,505 |
Covered Loans [Member] | Real Estate - Construction and Development [Member] | 40 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 9,096 | 21,912 | 25,388 |
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 and Farmland [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 180,566 | 224,451 | 237,086 |
Covered Loans [Member] | Real Estate - Commercial and 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 and Farmland [Member] | 15 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 795 | 1,048 | 1,098 |
Covered Loans [Member] | Real Estate - Commercial and Farmland [Member] | 20 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 33,200 | 34,674 | 34,252 |
Covered Loans [Member] | Real Estate - Commercial and Farmland [Member] | 23 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 14,640 | 17,037 | 16,708 |
Covered Loans [Member] | Real Estate - Commercial and Farmland [Member] | 25 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 89,201 | 101,657 | 108,886 |
Covered Loans [Member] | Real Estate - Commercial and Farmland [Member] | 30 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 8,808 | 21,297 | 24,790 |
Covered Loans [Member] | Real Estate - Commercial and Farmland [Member] | 40 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 33,922 | 48,738 | 51,352 |
Covered Loans [Member] | Real Estate - Commercial and 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 and 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 | 82,445 | 95,173 | 101,146 |
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 | 531 | 638 | 641 |
Covered Loans [Member] | Real Estate - Residential [Member] | 20 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 15,957 | 21,363 | 22,545 |
Covered Loans [Member] | Real Estate - Residential [Member] | 23 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 5,815 | 4,748 | 2,902 |
Covered Loans [Member] | Real Estate - Residential [Member] | 25 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 35,344 | 38,427 | 39,632 |
Covered Loans [Member] | Real Estate - Residential [Member] | 30 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 8,649 | 6,979 | 9,196 |
Covered Loans [Member] | Real Estate - Residential [Member] | 40 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 16,149 | 23,018 | 26,230 |
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 Loans [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 277 | 884 | 947 |
Covered Loans [Member] | Consumer Installment Loans [Member] | 10 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 0 | 0 | 0 |
Covered Loans [Member] | Consumer Installment Loans [Member] | 15 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 0 | 0 | 0 |
Covered Loans [Member] | Consumer Installment Loans [Member] | 20 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 71 | 193 | 208 |
Covered Loans [Member] | Consumer Installment Loans [Member] | 23 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 0 | 51 | 51 |
Covered Loans [Member] | Consumer Installment Loans [Member] | 25 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 41 | 235 | 250 |
Covered Loans [Member] | Consumer Installment Loans [Member] | 30 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 43 | 17 | 14 |
Covered Loans [Member] | Consumer Installment Loans [Member] | 40 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 122 | 388 | 424 |
Covered Loans [Member] | Consumer Installment Loans [Member] | 50 [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans portfolio by risk grade | 0 | 0 | 0 |
Covered Loans [Member] | Consumer Installment Loans [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_Summary_of_Troubled_Debt
Loans - Summary of Troubled Debt Restructurings by Loan Class, Excluding Purchased Non-Covered and Covered Loans (Detail) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Troubled debt restructuring loans | $20,500,000 | $20,900,000 | $20,200,000 |
Excluding Purchased Non-Covered and Covered Loans [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Troubled debt restructuring loans | 17,261,000 | 17,214,000 | 17,024,000 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Accruing Loans [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of contracts | 88 | 72 | 64 |
Troubled debt restructuring loans | 17,261,000 | 17,214,000 | 17,024,000 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Accruing Loans [Member] | Commercial, Financial and Agricultural [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of contracts | 4 | 4 | 4 |
Troubled debt restructuring loans | 257,000 | 515,000 | 521,000 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Accruing Loans [Member] | Real Estate - Construction and Development [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of contracts | 11 | 8 | 8 |
Troubled debt restructuring loans | 1,917,000 | 1,896,000 | 1,926,000 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Accruing Loans [Member] | Real Estate - Commercial and Farmland [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of contracts | 21 | 17 | 16 |
Troubled debt restructuring loans | 7,080,000 | 6,913,000 | 6,693,000 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Accruing Loans [Member] | Real Estate - Residential [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of contracts | 43 | 37 | 35 |
Troubled debt restructuring loans | 7,973,000 | 7,818,000 | 7,871,000 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Accruing Loans [Member] | Consumer Installment Loans [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of contracts | 9 | 6 | 1 |
Troubled debt restructuring loans | 34,000 | 72,000 | 13,000 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Non-Accruing Loans [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of contracts | 32 | 20 | 16 |
Troubled debt restructuring loans | 3,227,000 | 3,683,000 | 3,150,000 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Non-Accruing Loans [Member] | Commercial, Financial and Agricultural [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of contracts | 4 | 3 | 3 |
Troubled debt restructuring loans | 507,000 | 525,000 | 533,000 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Non-Accruing Loans [Member] | Real Estate - Construction and Development [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of contracts | 4 | 2 | 1 |
Troubled debt restructuring loans | 196,000 | 32,000 | 29,000 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Non-Accruing Loans [Member] | Real Estate - Commercial and Farmland [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of contracts | 2 | 4 | 3 |
Troubled debt restructuring loans | 1,672,000 | 2,273,000 | 1,858,000 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Non-Accruing Loans [Member] | Real Estate - Residential [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of contracts | 10 | 8 | 7 |
Troubled debt restructuring loans | 759,000 | 834,000 | 704,000 |
Excluding Purchased Non-Covered and Covered Loans [Member] | Non-Accruing Loans [Member] | Consumer Installment Loans [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of contracts | 12 | 3 | 2 |
Troubled debt restructuring loans | $93,000 | $19,000 | $26,000 |
Loans_Summary_of_Troubled_Debt1
Loans - Summary of Troubled Debt Restructurings by Loan Class (Detail) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Troubled debt restructuring loans | $20,500,000 | $20,900,000 | $20,200,000 |
Purchased Non-Covered Loans [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Troubled debt restructuring loans | 583,000 | 0 | ' |
Purchased Non-Covered Loans [Member] | Accruing Loans [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Number of contracts | 6 | ' | ' |
Troubled debt restructuring loans | 583,000 | ' | ' |
Purchased Non-Covered Loans [Member] | Accruing Loans [Member] | Commercial, Financial and Agricultural [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Number of contracts | 0 | ' | ' |
Troubled debt restructuring loans | 0 | ' | ' |
Purchased Non-Covered Loans [Member] | Accruing Loans [Member] | Real Estate - Construction and Development [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Number of contracts | 1 | ' | ' |
Troubled debt restructuring loans | 305,000 | ' | ' |
Purchased Non-Covered Loans [Member] | Accruing Loans [Member] | Real Estate - Commercial and Farmland [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Number of contracts | 0 | ' | ' |
Troubled debt restructuring loans | 0 | ' | ' |
Purchased Non-Covered Loans [Member] | Accruing Loans [Member] | Real Estate - Residential [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Number of contracts | 4 | ' | ' |
Troubled debt restructuring loans | 275,000 | ' | ' |
Purchased Non-Covered Loans [Member] | Accruing Loans [Member] | Consumer Installment Loans [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Number of contracts | 1 | ' | ' |
Troubled debt restructuring loans | 3,000 | ' | ' |
Purchased Non-Covered Loans [Member] | Non-Accruing Loans [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Number of contracts | 2 | ' | ' |
Troubled debt restructuring loans | 247,000 | ' | ' |
Purchased Non-Covered Loans [Member] | Non-Accruing Loans [Member] | Commercial, Financial and Agricultural [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Number of contracts | 0 | ' | ' |
Troubled debt restructuring loans | 0 | ' | ' |
Purchased Non-Covered Loans [Member] | Non-Accruing Loans [Member] | Real Estate - Construction and Development [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Number of contracts | 0 | ' | ' |
Troubled debt restructuring loans | 0 | ' | ' |
Purchased Non-Covered Loans [Member] | Non-Accruing Loans [Member] | Real Estate - Commercial and Farmland [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Number of contracts | 0 | ' | ' |
Troubled debt restructuring loans | 0 | ' | ' |
Purchased Non-Covered Loans [Member] | Non-Accruing Loans [Member] | Real Estate - Residential [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Number of contracts | 2 | ' | ' |
Troubled debt restructuring loans | 247,000 | ' | ' |
Purchased Non-Covered Loans [Member] | Non-Accruing Loans [Member] | Consumer Installment Loans [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Number of contracts | 0 | ' | ' |
Troubled debt restructuring loans | $0 | ' | ' |
Loans_Summary_of_Trouble_Debt_
Loans - Summary of Trouble Debt Restructuring by Loan Class of Covered Loans (Detail) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Troubled debt restructuring loans | $20,500,000 | $20,900,000 | $20,200,000 |
Covered Loans [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Troubled debt restructuring loans | 25,000,000 | 27,300,000 | 28,400,000 |
Covered Loans [Member] | Accruing Loans [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of contracts | 114 | 100 | 96 |
Troubled debt restructuring loans | 22,757,000 | 22,243,000 | 20,981,000 |
Covered Loans [Member] | Accruing Loans [Member] | Commercial, Financial and Agricultural [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of contracts | 1 | 1 | 1 |
Troubled debt restructuring loans | 26,000 | 13,000 | 12,000 |
Covered Loans [Member] | Accruing Loans [Member] | Real Estate - Construction and Development [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of contracts | 3 | 3 | 5 |
Troubled debt restructuring loans | 3,024,000 | 3,256,000 | 4,308,000 |
Covered Loans [Member] | Accruing Loans [Member] | Real Estate - Commercial and Farmland [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of contracts | 15 | 13 | 11 |
Troubled debt restructuring loans | 8,501,000 | 7,255,000 | 6,200,000 |
Covered Loans [Member] | Accruing Loans [Member] | Real Estate - Residential [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of contracts | 94 | 83 | 79 |
Troubled debt restructuring loans | 11,202,000 | 11,719,000 | 10,461,000 |
Covered Loans [Member] | Accruing Loans [Member] | Consumer Installment Loans [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of contracts | 1 | 0 | 0 |
Troubled debt restructuring loans | 4,000 | 0 | 0 |
Covered Loans [Member] | Non-Accruing Loans [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of contracts | 23 | 24 | 26 |
Troubled debt restructuring loans | 2,249,000 | 5,021,000 | 7,414,000 |
Covered Loans [Member] | Non-Accruing Loans [Member] | Commercial, Financial and Agricultural [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of contracts | 1 | 5 | 3 |
Troubled debt restructuring loans | 3,000 | 71,000 | 40,000 |
Covered Loans [Member] | Non-Accruing Loans [Member] | Real Estate - Construction and Development [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of contracts | 3 | 4 | 4 |
Troubled debt restructuring loans | 56,000 | 52,000 | 690,000 |
Covered Loans [Member] | Non-Accruing Loans [Member] | Real Estate - Commercial and Farmland [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of contracts | 6 | 5 | 7 |
Troubled debt restructuring loans | 1,225,000 | 3,946,000 | 4,805,000 |
Covered Loans [Member] | Non-Accruing Loans [Member] | Real Estate - Residential [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of contracts | 13 | 8 | 11 |
Troubled debt restructuring loans | 965,000 | 942,000 | 1,874,000 |
Covered Loans [Member] | Non-Accruing Loans [Member] | Consumer Installment Loans [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Number of contracts | 0 | 2 | 1 |
Troubled debt restructuring loans | $0 | $10,000 | $5,000 |
Loans_Schedule_of_Allowances_f
Loans - Schedule of Allowances for Loan Losses by Portfolio Segment (Detail) (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Beginning balance | $22,254 | $24,217 | $22,377 | $23,593 | $23,593 |
Provision for loan losses | 1,669 | 2,920 | 4,760 | 10,008 | 11,486 |
Loans charged off | -2,355 | -3,928 | -7,072 | -10,954 | -14,823 |
Recoveries of loans previously charged off | 644 | 645 | 2,147 | 1,207 | 2,121 |
Ending balance | 22,212 | 23,854 | 22,212 | 23,854 | 22,377 |
Loans individually evaluated for impairment | 4,105 | 4,849 | 4,105 | 4,849 | 3,585 |
Loans collectively evaluated for impairment | 18,107 | 19,005 | 18,107 | 19,005 | 18,792 |
Individually evaluated for impairment | 33,616 | 38,705 | 33,616 | 38,705 | 39,203 |
Collectively evaluated for impairment | 2,538,994 | 1,736,622 | 2,538,994 | 1,736,622 | 2,134,029 |
Acquired with deteriorated credit quality | 263,462 | 231,589 | 263,462 | 231,589 | 284,212 |
Ending balance | 2,836,072 | 2,006,916 | 2,836,072 | 2,006,916 | 2,457,444 |
Purchased Non-Covered Loans [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Provision for loan losses | 4 | ' | 4 | ' | ' |
Loans charged off | -4 | ' | -4 | ' | ' |
Collectively evaluated for impairment | 581,723 | ' | 581,723 | ' | 381,588 |
Acquired with deteriorated credit quality | 92,001 | ' | 92,001 | ' | 67,165 |
Ending balance | 26,380 | ' | 26,380 | ' | 10,996 |
Covered Loans [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Provision for loan losses | 92 | 471 | 685 | 1,261 | 1,539 |
Loans charged off | -376 | -471 | -1,514 | -1,261 | -1,539 |
Recoveries of loans previously charged off | 284 | ' | 829 | ' | ' |
Collectively evaluated for impairment | 142,128 | 186,060 | 142,128 | 186,060 | 173,190 |
Acquired with deteriorated credit quality | 171,461 | 231,589 | 171,461 | 231,589 | 217,047 |
Ending balance | 71,713 | 115,633 | 71,713 | 115,633 | 106,690 |
Commercial, Financial and Agricultural [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Beginning balance | 2,185 | 2,951 | 1,823 | 2,439 | 2,439 |
Provision for loan losses | 540 | -107 | 1,627 | 1,011 | 711 |
Loans charged off | -191 | -482 | -1,099 | -1,216 | -1,759 |
Recoveries of loans previously charged off | 47 | 212 | 230 | 340 | 432 |
Ending balance | 2,581 | 2,574 | 2,581 | 2,574 | 1,823 |
Loans individually evaluated for impairment | 611 | 741 | 611 | 741 | 356 |
Loans collectively evaluated for impairment | 1,970 | 1,833 | 1,970 | 1,833 | 1,467 |
Individually evaluated for impairment | 1,549 | 3,657 | 1,549 | 3,657 | 3,457 |
Collectively evaluated for impairment | 333,234 | 241,334 | 333,234 | 241,334 | 240,916 |
Ending balance | 334,783 | 244,991 | 334,783 | 244,991 | 244,373 |
Commercial, Financial and Agricultural [Member] | Purchased Non-Covered Loans [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Ending balance | 438 | ' | 438 | ' | 19 |
Commercial, Financial and Agricultural [Member] | Covered Loans [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Ending balance | 11,356 | 10,645 | 11,356 | 10,645 | 9,680 |
Real Estate - Construction and Development [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Beginning balance | 5,431 | 5,642 | 5,538 | 5,343 | 5,343 |
Provision for loan losses | 63 | 601 | -26 | 2,127 | 1,742 |
Loans charged off | -296 | -367 | -518 | -1,598 | -2,020 |
Recoveries of loans previously charged off | 96 | 84 | 300 | 88 | 473 |
Ending balance | 5,294 | 5,960 | 5,294 | 5,960 | 5,538 |
Loans individually evaluated for impairment | 540 | 682 | 540 | 682 | 407 |
Loans collectively evaluated for impairment | 4,754 | 5,278 | 4,754 | 5,278 | 5,131 |
Individually evaluated for impairment | 3,078 | 3,524 | 3,078 | 3,524 | 3,581 |
Collectively evaluated for impairment | 151,237 | 128,753 | 151,237 | 128,753 | 142,790 |
Ending balance | 154,315 | 132,277 | 154,315 | 132,277 | 146,371 |
Real Estate - Construction and Development [Member] | Purchased Non-Covered Loans [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Ending balance | 3,794 | ' | 3,794 | ' | 542 |
Real Estate - Construction and Development [Member] | Covered Loans [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Ending balance | 13,268 | 25,401 | 13,268 | 25,401 | 20,915 |
Real Estate - Commercial and Farmland [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Beginning balance | 8,317 | 8,797 | 8,393 | 9,157 | 9,157 |
Provision for loan losses | 1,237 | 1,212 | 2,311 | 2,632 | 2,777 |
Loans charged off | -953 | -1,080 | -2,255 | -2,873 | -3,571 |
Recoveries of loans previously charged off | 31 | 5 | 183 | 18 | 30 |
Ending balance | 8,632 | 8,934 | 8,632 | 8,934 | 8,393 |
Loans individually evaluated for impairment | 1,682 | 1,997 | 1,682 | 1,997 | 1,427 |
Loans collectively evaluated for impairment | 6,950 | 6,937 | 6,950 | 6,937 | 6,966 |
Individually evaluated for impairment | 17,129 | 14,605 | 17,129 | 14,605 | 15,240 |
Collectively evaluated for impairment | 865,031 | 784,544 | 865,031 | 784,544 | 793,083 |
Ending balance | 882,160 | 799,149 | 882,160 | 799,149 | 808,323 |
Real Estate - Commercial and Farmland [Member] | Purchased Non-Covered Loans [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Ending balance | 12,354 | ' | 12,354 | ' | 2,673 |
Real Estate - Commercial and Farmland [Member] | Covered Loans [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Ending balance | 26,624 | 51,105 | 26,624 | 51,105 | 46,612 |
Real Estate - Residential [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Beginning balance | 5,166 | 6,360 | 6,034 | 5,898 | 5,898 |
Provision for loan losses | 595 | 626 | 529 | 2,966 | 4,463 |
Loans charged off | -406 | -1,323 | -1,339 | -3,430 | -5,215 |
Recoveries of loans previously charged off | 52 | 291 | 183 | 520 | 888 |
Ending balance | 5,407 | 5,954 | 5,407 | 5,954 | 6,034 |
Loans individually evaluated for impairment | 1,272 | 1,429 | 1,272 | 1,429 | 1,395 |
Loans collectively evaluated for impairment | 4,135 | 4,525 | 4,135 | 4,525 | 4,639 |
Individually evaluated for impairment | 11,860 | 16,919 | 11,860 | 16,919 | 16,925 |
Collectively evaluated for impairment | 424,655 | 339,001 | 424,655 | 339,001 | 349,957 |
Ending balance | 436,515 | 355,920 | 436,515 | 355,920 | 366,882 |
Real Estate - Residential [Member] | Purchased Non-Covered Loans [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Ending balance | 9,610 | ' | 9,610 | ' | 7,712 |
Real Estate - Residential [Member] | Covered Loans [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Ending balance | 20,331 | 28,078 | 20,331 | 28,078 | 29,089 |
Consumer Installment Loans and Other [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Beginning balance | 1,155 | 467 | 589 | 756 | 756 |
Provision for loan losses | -862 | 117 | -370 | 11 | 254 |
Loans charged off | -129 | -205 | -343 | -576 | -719 |
Recoveries of loans previously charged off | 134 | 53 | 422 | 241 | 298 |
Ending balance | 298 | 432 | 298 | 432 | 589 |
Loans collectively evaluated for impairment | 298 | 432 | 298 | 432 | 589 |
Collectively evaluated for impairment | 40,986 | 56,930 | 40,986 | 56,930 | 52,505 |
Ending balance | $40,986 | $56,930 | $40,986 | $56,930 | $52,505 |
Assets_Acquired_in_FDICAssiste2
Assets Acquired in FDIC-Assisted Acquisitions - Additional Information (Detail) (USD $) | 9 Months Ended | 34 Months Ended | |||
Sep. 30, 2014 | Jul. 31, 2012 | Dec. 31, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | |
Acquisition | |||||
Business Combinations [Abstract] | ' | ' | ' | ' | ' |
Number of FDIC-assisted acquisitions participation | ' | 10 | ' | ' | ' |
FDIC loss-share receivable | $38,233,000 | ' | $65,441,000 | $81,763,000 | $159,724,000 |
Federal funds purchased and securities sold under agreements to repurchase | 21,500,000 | ' | ' | ' | ' |
Business acquisition, Charge-offs and expenses | 16,700,000 | ' | ' | ' | ' |
Clawback liability | $5,900,000 | ' | $5,000,000 | $5,000,000 | ' |
Assets_Acquired_in_FDICAssiste3
Assets Acquired in FDIC-Assisted Acquisitions - Schedule of Acquisition Details (Detail) | 9 Months Ended | 34 Months Ended |
Sep. 30, 2014 | Jul. 31, 2012 | |
Entity | ||
American United Bank (AUB) [Member] | ' | ' |
Business Acquisition [Line Items] | ' | ' |
Bank Acquired | 'American United Bank ("AUB") | ' |
Branches | ' | 1 |
Date Acquired | ' | 23-Oct-09 |
United Security Bank (USB) [Member] | ' | ' |
Business Acquisition [Line Items] | ' | ' |
Bank Acquired | 'United Security Bank ("USB") | ' |
Branches | ' | 2 |
Date Acquired | ' | 6-Nov-09 |
Satilla Community Bank (SCB) [Member] | ' | ' |
Business Acquisition [Line Items] | ' | ' |
Bank Acquired | 'Satilla Community Bank ("SCB") | ' |
Branches | ' | 1 |
Date Acquired | ' | 14-May-10 |
First Bank of Jacksonville (FBJ) [Member] | ' | ' |
Business Acquisition [Line Items] | ' | ' |
Bank Acquired | 'First Bank of Jacksonville ("FBJ") | ' |
Branches | ' | 2 |
Date Acquired | ' | 22-Oct-10 |
Tifton Banking Company (TBC) [Member] | ' | ' |
Business Acquisition [Line Items] | ' | ' |
Bank Acquired | 'Tifton Banking Company ("TBC") | ' |
Branches | ' | 1 |
Date Acquired | ' | 12-Nov-10 |
Darby Bank & Trust (DBT) [Member] | ' | ' |
Business Acquisition [Line Items] | ' | ' |
Bank Acquired | 'Darby Bank & Trust ("DBT") | ' |
Branches | ' | 7 |
Date Acquired | ' | 12-Nov-10 |
High Trust Bank (HTB) [Member] | ' | ' |
Business Acquisition [Line Items] | ' | ' |
Bank Acquired | 'High Trust Bank ("HTB") | ' |
Branches | ' | 2 |
Date Acquired | ' | 15-Jul-11 |
One Georgia Bank (OGB) [Member] | ' | ' |
Business Acquisition [Line Items] | ' | ' |
Bank Acquired | 'One Georgia Bank ("OGB") | ' |
Branches | ' | 1 |
Date Acquired | ' | 15-Jul-11 |
Central Bank of Georgia (CBG) [Member] | ' | ' |
Business Acquisition [Line Items] | ' | ' |
Bank Acquired | 'Central Bank of Georgia ("CBG") | ' |
Branches | ' | 5 |
Date Acquired | ' | 24-Feb-12 |
Montgomery Bank & Trust (MBT) [Member] | ' | ' |
Business Acquisition [Line Items] | ' | ' |
Bank Acquired | 'Montgomery Bank & Trust ("MBT") | ' |
Branches | ' | 2 |
Date Acquired | ' | 6-Jul-12 |
Assets_Acquired_in_FDICAssiste4
Assets Acquired in FDIC-Assisted Acquisitions - Components of Covered Assets (Detail) (USD $) | 9 Months Ended | 12 Months Ended | |
Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 | |
Covered Assets [Line Items] | ' | ' | ' |
Covered loans | $345,172,000 | $482,259,000 | $443,322,000 |
Less: Fair value adjustments | 31,583,000 | 64,610,000 | 53,085,000 |
Total covered loans | 313,589,000 | 417,649,000 | 390,237,000 |
OREO | 33,315,000 | 64,184,000 | 55,827,000 |
Less: Fair value adjustments | 4,432,000 | 11,632,000 | 9,934,000 |
Total covered OREO | 28,883,000 | 52,552,000 | 45,893,000 |
Total covered assets | 342,472,000 | 470,201,000 | 436,130,000 |
FDIC loss-share receivable | 38,233,000 | 81,763,000 | 65,441,000 |
American United Bank (AUB) [Member] | ' | ' | ' |
Covered Assets [Line Items] | ' | ' | ' |
Covered loans | 8,902,000 | 19,336,000 | 15,787,000 |
Less: Fair value adjustments | ' | 915,000 | 231,000 |
Total covered loans | 8,902 | 18,421,000 | 15,556,000 |
OREO | 666,000 | 3,338,000 | 4,264,000 |
Less: Fair value adjustments | ' | 3,000 | ' |
Total covered OREO | 666,000 | 3,335,000 | 4,264,000 |
Total covered assets | 9,568,000 | 21,756,000 | 19,820,000 |
FDIC loss-share receivable | 882,000 | 3,704,000 | 1,452,000 |
United Security Bank (USB) [Member] | ' | ' | ' |
Covered Assets [Line Items] | ' | ' | ' |
Covered loans | 13,576,000 | 21,168,000 | 18,504,000 |
Less: Fair value adjustments | 351,000 | 1,665,000 | 1,427,000 |
Total covered loans | 13,225,000 | 19,503,000 | 17,077,000 |
OREO | 2,134,000 | 3,066,000 | 2,865,000 |
Less: Fair value adjustments | 48,000 | 139,000 | 141,000 |
Total covered OREO | 2,086,000 | 2,927,000 | 2,724,000 |
Total covered assets | 15,311,000 | 22,430,000 | 19,801,000 |
FDIC loss-share receivable | -439,000 | 2,796,000 | 889,000 |
Satilla Community Bank (SCB) [Member] | ' | ' | ' |
Covered Assets [Line Items] | ' | ' | ' |
Covered loans | 28,534,000 | 35,555,000 | 34,637,000 |
Less: Fair value adjustments | 789,000 | 1,902,000 | 1,483,000 |
Total covered loans | 27,745,000 | 33,653,000 | 33,154,000 |
OREO | 2,665,000 | 5,348,000 | 3,461,000 |
Less: Fair value adjustments | 308,000 | 429,000 | 303,000 |
Total covered OREO | 2,357,000 | 4,919,000 | 3,158,000 |
Total covered assets | 30,102,000 | 38,572,000 | 36,312,000 |
FDIC loss-share receivable | 1,855,000 | 4,020,000 | 3,175,000 |
First Bank of Jacksonville (FBJ) [Member] | ' | ' | ' |
Covered Assets [Line Items] | ' | ' | ' |
Covered loans | 22,421,000 | 27,222,000 | 25,891,000 |
Less: Fair value adjustments | 2,346,000 | 3,965,000 | 3,730,000 |
Total covered loans | 20,075,000 | 23,257,000 | 22,161,000 |
OREO | 1,578,000 | 1,582,000 | 1,880,000 |
Less: Fair value adjustments | 90,000 | 170,000 | 242,000 |
Total covered OREO | 1,488,000 | 1,412,000 | 1,638,000 |
Total covered assets | 21,563,000 | 24,669,000 | 23,799,000 |
FDIC loss-share receivable | 2,138,000 | 4,990,000 | 3,689,000 |
Darby Bank & Trust (DBT) [Member] | ' | ' | ' |
Covered Assets [Line Items] | ' | ' | ' |
Covered loans | 75,683,000 | 116,685,000 | 105,157,000 |
Less: Fair value adjustments | 8,531,000 | 21,739,000 | 17,819,000 |
Total covered loans | 67,152,000 | 94,946,000 | 87,338,000 |
OREO | 9,804,000 | 19,720,000 | 17,023,000 |
Less: Fair value adjustments | 1,024,000 | 1,639,000 | 1,282,000 |
Total covered OREO | 8,780,000 | 18,081,000 | 15,741,000 |
Total covered assets | 75,932,000 | 113,027,000 | 103,079,000 |
FDIC loss-share receivable | 9,337,000 | 23,955,000 | 18,724,000 |
Tifton Banking Company (TBC) [Member] | ' | ' | ' |
Covered Assets [Line Items] | ' | ' | ' |
Covered loans | 25,577,000 | 35,588,000 | 32,590,000 |
Less: Fair value adjustments | 1,465,000 | 2,573,000 | 2,354,000 |
Total covered loans | 24,112,000 | 33,015,000 | 30,236,000 |
OREO | 3,552,000 | 5,912,000 | 4,844,000 |
Less: Fair value adjustments | 394,000 | 843,000 | 745,000 |
Total covered OREO | 3,158,000 | 5,069,000 | 4,099,000 |
Total covered assets | 27,270,000 | 38,084,000 | 34,335,000 |
FDIC loss-share receivable | 2,542,000 | 4,315,000 | 3,721,000 |
High Trust Bank (HTB) [Member] | ' | ' | ' |
Covered Assets [Line Items] | ' | ' | ' |
Covered loans | 54,317,000 | 70,156,000 | 67,126,000 |
Less: Fair value adjustments | 5,761,000 | 8,273,000 | 7,359,000 |
Total covered loans | 48,556,000 | 61,883,000 | 59,767,000 |
OREO | 3,477,000 | 6,998,000 | 6,374,000 |
Less: Fair value adjustments | 1,239,000 | 2,445,000 | 2,304,000 |
Total covered OREO | 2,238,000 | 4,553,000 | 4,070,000 |
Total covered assets | 50,794,000 | 66,436,000 | 63,837,000 |
FDIC loss-share receivable | 7,152,000 | 11,065,000 | 9,325,000 |
One Georgia Bank (OGB) [Member] | ' | ' | ' |
Covered Assets [Line Items] | ' | ' | ' |
Covered loans | 48,889,000 | 63,794,000 | 58,512,000 |
Less: Fair value adjustments | 4,160,000 | 6,766,000 | 5,067,000 |
Total covered loans | 44,729,000 | 57,028,000 | 53,445,000 |
OREO | 2,244,000 | 9,921,000 | 7,506,000 |
Less: Fair value adjustments | 39,000 | 3,918,000 | 2,984,000 |
Total covered OREO | 2,205,000 | 6,003,000 | 4,522,000 |
Total covered assets | 46,934,000 | 63,031,000 | 57,967,000 |
FDIC loss-share receivable | 5,803,000 | 9,458,000 | 9,645,000 |
Central Bank of Georgia (CBG) [Member] | ' | ' | ' |
Covered Assets [Line Items] | ' | ' | ' |
Covered loans | 67,273,000 | 92,755,000 | 85,118,000 |
Less: Fair value adjustments | 8,180,000 | 16,812,000 | 13,615,000 |
Total covered loans | 59,093,000 | 75,943,000 | 71,503,000 |
OREO | 7,195,000 | 8,299,000 | 7,610,000 |
Less: Fair value adjustments | 1,290,000 | 2,046,000 | 1,933,000 |
Total covered OREO | 5,905,000 | 6,253,000 | 5,677,000 |
Total covered assets | 64,998,000 | 82,196,000 | 77,180,000 |
FDIC loss-share receivable | $8,963,000 | $17,460,000 | $14,821,000 |
Assets_Acquired_in_FDICAssiste5
Assets Acquired in FDIC-Assisted Acquisitions - Loan-by-Loan Basis Performance of Fair Value Adjustments (Detail) (USD $) | 9 Months Ended | 12 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 |
Business Combinations [Abstract] | ' | ' | ' |
Adjustments needed where the Company's initial estimate of cash flows were underestimated: (recorded with a reclassification from non-accretable difference to accretable discount to be accreted into income over remaining term of the loan) | $16,070 | $50,703 | $51,003 |
Adjustments needed where the Company's initial estimate of cash flows were overstated: (recorded through a provision for loan losses) | 3,425 | 6,305 | 7,695 |
Adjustments needed where the Company's initial estimate of cash flows were underestimated: (recorded with a reclassification from non-accretable difference to accretable discount to be accreted into income over remaining term of the loan) | 3,214 | 10,141 | 10,201 |
Adjustments needed where the Company's initial estimate of cash flows were overstated: (recorded through a provision for loan losses) | $685 | $1,261 | $1,539 |
Assets_Acquired_in_FDICAssiste6
Assets Acquired in FDIC-Assisted Acquisitions - Rollforward of Acquired Loans Deterioration of Credit Quality (Detail) (USD $) | 9 Months Ended | 12 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 |
Covered Loans [Line Items] | ' | ' | ' |
Balance, beginning of year | $25,493 | $16,698 | $16,698 |
Additions due to acquisitions | 0 | 0 | 0 |
Balance, end of year | 20,741 | 30,849 | 25,493 |
Loans with Deterioration of Credit Quality [Member] | ' | ' | ' |
Covered Loans [Line Items] | ' | ' | ' |
Balance, beginning of year | 217,047 | 282,737 | 282,737 |
Charge-offs, net of recoveries | -8,099 | -30,371 | -35,306 |
Additions due to acquisitions | 0 | 0 | 0 |
Other (loan payments, transfers, etc.) | -37,487 | -20,777 | -30,384 |
Balance, end of year | 171,461 | 231,589 | 217,047 |
Loans without Deterioration of Credit Quality [Member] | ' | ' | ' |
Covered Loans [Line Items] | ' | ' | ' |
Balance, beginning of year | 173,190 | 228,602 | 228,602 |
Additions due to acquisitions | 0 | 0 | 0 |
Other (loan payments, transfers, etc.) | -31,062 | -42,316 | -55,412 |
Balance, end of year | $142,128 | $186,286 | $173,190 |
Assets_Acquired_in_FDICAssiste7
Assets Acquired in FDIC-Assisted Acquisitions - Schedule of Changes in Accretable Discounts Related Acquired Loans (Detail) (USD $) | 9 Months Ended | 12 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 |
Business Combinations [Abstract] | ' | ' | ' |
Balance, beginning of year | $25,493 | $16,698 | $16,698 |
Additions due to acquisitions | 0 | 0 | 0 |
Accretion | -20,822 | -36,552 | -42,208 |
Other activity, net | 16,070 | 50,703 | 51,003 |
Balance, end of year | $20,741 | $30,849 | $25,493 |
Assets_Acquired_in_FDICAssiste8
Assets Acquired in FDIC-Assisted Acquisitions - Changes in FDIC Share-Loss Receivable (Detail) (USD $) | 9 Months Ended | 12 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 |
Business Combinations [Abstract] | ' | ' | ' |
Balance, beginning of year | $65,441 | $159,724 | $159,724 |
Indemnification asset recorded in acquisitions | 0 | 0 | 0 |
Payments received from FDIC | -18,509 | -58,240 | -68,822 |
Effect of change in expected cash flows on covered assets | -8,699 | -19,721 | -25,461 |
Balance, end of year | $38,233 | $81,763 | $65,441 |
Recovered_Sheet1
Weighted Average Shares Outstanding - Summary of Weighted Average Number of Shares (Detail) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Earnings Per Share [Abstract] | ' | ' | ' | ' |
Basic shares outstanding | 26,773 | 23,901 | 25,705 | 23,883 |
Plus: Dilutive effect of ISOs | 111 | 62 | 116 | 62 |
Plus: Dilutive effect of Restricted grants | 277 | 353 | 278 | 353 |
Diluted shares outstanding | 27,161 | 24,316 | 26,099 | 24,298 |
Recovered_Sheet2
Weighted Average Shares Outstanding - Additional Information (Detail) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | |
Earnings Per Share [Abstract] | ' | ' | ' | ' |
Anti dilutive common shares excluded | 112,000 | 289,000 | 110,000 | 341,000 |
Other_Borrowings_Additional_In
Other Borrowings - Additional Information (Detail) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 |
Debt Disclosure [Abstract] | ' | ' | ' |
Outstanding borrowings | $147,409,000 | $194,572,000 | $5,000,000 |
Borrowing available with FHLB | 320,800,000 | ' | ' |
Credit arrangements for federal funds purchase | 60,000,000 | ' | ' |
Loans pledged at federal reserve discount window | 584,100,000 | ' | ' |
Loans pledged at federal reserve discount window available for borrowing | $425,100,000 | ' | ' |
Other_Borrowings_Summary_of_Ot
Other Borrowings - Summary of Other Borrowings (Detail) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | |||
Federal Home Loan Bank Borrowings By Year Of Maturity And Applicable Interest Rate [Line Items] | ' | ' | ' |
Total other borrowings | $147,409 | $194,572 | $5,000 |
Fixed Rate Advance One [Member] | ' | ' | ' |
Federal Home Loan Bank Borrowings By Year Of Maturity And Applicable Interest Rate [Line Items] | ' | ' | ' |
Advance from Federal Home Loan Bank with a fixed interest rate of 0.16%, due October 24, 2014 | 25,000 | ' | ' |
Fixed Rate Advance Two [Member] | ' | ' | ' |
Federal Home Loan Bank Borrowings By Year Of Maturity And Applicable Interest Rate [Line Items] | ' | ' | ' |
Advance from Federal Home Loan Bank with a fixed interest rate of 0.16%, due October 24, 2014 | ' | 165,000 | ' |
Federal Home Loan Bank Advances [Member] | ' | ' | ' |
Federal Home Loan Bank Borrowings By Year Of Maturity And Applicable Interest Rate [Line Items] | ' | ' | ' |
Daily Rate Credit from Federal Home Loan Bank with a fixed interest rate of 0.36% | 75,000 | ' | ' |
Revolving Credit Facility 1 [Member] | ' | ' | ' |
Federal Home Loan Bank Borrowings By Year Of Maturity And Applicable Interest Rate [Line Items] | ' | ' | ' |
Advances under revolving credit agreement with a regional bank with interest at 90-day LIBOR plus 3.50% (3.73% at September 30, 2014) due in August 2016, secured by subsidiary bank stock | 22,500 | ' | ' |
Revolving Credit Facility [Member] | ' | ' | ' |
Federal Home Loan Bank Borrowings By Year Of Maturity And Applicable Interest Rate [Line Items] | ' | ' | ' |
Advances under revolving credit agreement with a regional bank with interest at 90-day LIBOR plus 3.50% (3.73% at September 30, 2014) due in August 2016, secured by subsidiary bank stock | ' | 10,000 | 5,000 |
Correspondent Bank Advances [Member] | ' | ' | ' |
Federal Home Loan Bank Borrowings By Year Of Maturity And Applicable Interest Rate [Line Items] | ' | ' | ' |
Advance from correspondent bank with a fixed interest rate of 4.50%, due November 27, 2017, secured by subsidiary bank loan receivable | 4,909 | ' | ' |
Subordinated Debt One [Member] | ' | ' | ' |
Federal Home Loan Bank Borrowings By Year Of Maturity And Applicable Interest Rate [Line Items] | ' | ' | ' |
Subordinated debt issued by Prosperity Bank due June 2016 with an interest rate of 90-day LIBOR plus 1.60% (1.83% and 1.84% at September 30, 2014 and December 31, 2013) | 5,000 | 5,000 | ' |
Subordinated Debt Two [Member] | ' | ' | ' |
Federal Home Loan Bank Borrowings By Year Of Maturity And Applicable Interest Rate [Line Items] | ' | ' | ' |
Subordinated debt issued by Prosperity Bank due June 2016 with an interest rate of 90-day LIBOR plus 1.60% (1.83% and 1.84% at September 30, 2014 and December 31, 2013) | $15,000 | $14,572 | ' |
Other_Borrowings_Summary_of_Ot1
Other Borrowings - Summary of Other Borrowings (Parenthetical) (Detail) | Sep. 30, 2014 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 |
Federal Home Loan Bank Advances [Member] | Revolving Credit Facility 1 [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Correspondent Bank Advances [Member] | Subordinated Debt One [Member] | Subordinated Debt One [Member] | Subordinated Debt Two [Member] | Subordinated Debt Two [Member] | Fixed Rate Advance One [Member] | Fixed Rate Advance Two [Member] | |
Federal Home Loan Bank Advances [Member] | Federal Home Loan Bank Advances [Member] | ||||||||||
Federal Home Loan Bank Borrowings By Year Of Maturity And Applicable Interest Rate [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest rate description | ' | '90-day LIBOR plus 3.50% (3.73% at September 30, 2014) | '90-day LIBOR plus 4.00% (4.24% and 4.27% at December 31, 2013 and September 30, 2013) | ' | ' | '90-day LIBOR plus 1.60% (1.83% and 1.84% at September 30, 2014 and December 31, 2013) | ' | '90-day LIBOR plus 1.75% (1.98% and 1.99% at September 30, 2014 and December 31, 2013) | ' | ' | ' |
Federal Home Loan Bank Advances effective rate | 0.36% | ' | ' | ' | ' | ' | ' | ' | ' | 0.16% | 0.17% |
Interest rate, margin to be added | ' | 3.50% | 4.00% | ' | ' | 1.60% | ' | 1.75% | ' | ' | ' |
90-day LIBOR interest rate at period end | ' | 3.73% | 4.24% | 4.27% | 4.50% | 1.83% | 1.84% | 1.98% | 1.99% | ' | ' |
Maturity period of Federal Home Loan Bank advances | ' | '2016-08 | '2016-08 | ' | ' | '2016-06 | ' | '2016-09 | ' | ' | ' |
Maturity period of advances | ' | ' | ' | ' | 27-Nov-17 | ' | ' | ' | ' | 24-Oct-14 | 24-Jan-14 |
Commitments_Summary_of_Commitm
Commitments - Summary of Commitments to Extend Credit and Standby Letters of Credit (Detail) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | |||
Commitments and Contingencies Disclosure [Abstract] | ' | ' | ' |
Commitments to extend credit | $332,808 | $257,195 | $208,303 |
Standby letters of credit | 9,168 | 7,665 | 6,954 |
Mortgage interest rate lock commitments | $2,295 | $1,180 | $2,506 |
Recovered_Sheet3
Accumulated Other Comprehensive Income - Summary of Accumulated Other Comprehensive Income (Detail) (USD $) | 3 Months Ended | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2013 |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' |
Beginning balance | ' | ($294) | $6,607 |
Reclassification for gains included in net income | -86 | -90 | -111 |
Current year changes | ' | 4,358 | -7,027 |
Ending balance | 3,974 | 3,974 | -531 |
Unrealized Gain (Loss) on Derivatives [Member] | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' |
Beginning balance | ' | 1,397 | -23 |
Current year changes | ' | -489 | 1,098 |
Ending balance | 908 | 908 | 1,075 |
Unrealized Gain (Loss) on Securities [Member] | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' |
Beginning balance | ' | -1,691 | 6,630 |
Reclassification for gains included in net income | ' | -90 | -111 |
Current year changes | ' | 4,847 | -8,125 |
Ending balance | $3,066 | $3,066 | ($1,606) |
Recovered_Sheet4
Fair Value of Financial Instruments - Additional Information (Detail) (USD $) | 3 Months Ended | 9 Months Ended |
In Millions, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2014 |
Debt Instrument Fair Value Carrying Value [Abstract] | ' | ' |
Net gain from change in fair value of mortgage loans | $7.60 | $17.70 |
Recovered_Sheet5
Fair Value of Financial Instruments - Difference Between Fair Value and Principal Balance for Mortgage Loans Held for Sale Measured at Fair Value (Detail) (Mortgage Loans Held for Sale [Member], USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | |||
Mortgage Loans Held for Sale [Member] | ' | ' | ' |
Assets And Liabilities Carrying Value And Fair Value [Line Items] | ' | ' | ' |
Aggregate Fair Value of Mortgage Loans held for sale | $110,059 | $67,278 | $69,634 |
Aggregate Unpaid Principal Balance | 105,882 | 65,522 | 67,406 |
Past due loans of 90 days or more | ' | ' | ' |
Nonaccrual loans | ' | ' | ' |
Fair_Value_of_Financial_Instru2
Fair Value of Financial Instrument - Carrying Amount and Estimated Fair Value of Financial Instruments (Detail) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||||
Financial assets: | ' | ' | ' | ' |
Cash and due from banks | $69,421 | $62,955 | $53,516 | $80,256 |
Federal funds sold and interest-bearing accounts | 40,165 | 204,984 | 73,899 | ' |
FDIC loss-share receivable | 38,233 | 65,441 | 81,763 | 159,724 |
Financial liabilities: | ' | ' | ' | ' |
Other borrowings | 147,409 | 194,572 | 5,000 | ' |
Subordinated deferrable interest debentures | 65,084 | 55,466 | 42,269 | ' |
Carrying Value [Member] | ' | ' | ' | ' |
Financial assets: | ' | ' | ' | ' |
Cash and due from banks | 69,421 | 62,955 | 53,516 | ' |
Federal funds sold and interest-bearing accounts | 40,165 | 204,984 | 73,899 | ' |
Loans, net | 2,778,026 | 2,392,521 | 1,939,498 | ' |
FDIC loss-share receivable | 38,233 | 65,441 | 81,763 | ' |
Accrued interest receivable | 17,171 | 15,071 | 13,030 | ' |
Accrued interest receivable | 17,171 | 15,071 | 13,030 | ' |
Financial liabilities: | ' | ' | ' | ' |
Deposits | 3,373,119 | 2,999,231 | 2,443,421 | ' |
Securities sold under agreements to repurchase | 32,351 | 83,516 | 20,255 | ' |
Other borrowings | 147,409 | 194,572 | ' | ' |
Accrued interest payable | 1,444 | 1,431 | 831 | ' |
Subordinated deferrable interest debentures | 65,084 | 55,466 | 42,269 | ' |
Fair Value [Member] | ' | ' | ' | ' |
Financial assets: | ' | ' | ' | ' |
Cash and due from banks | 69,421 | 62,995 | 53,516 | ' |
Federal funds sold and interest-bearing accounts | 40,165 | 204,984 | 73,899 | ' |
Loans, net | 2,773,291 | 2,404,909 | 1,912,634 | ' |
FDIC loss-share receivable | 21,397 | 61,317 | 76,346 | ' |
Accrued interest receivable | 17,171 | 15,071 | 13,030 | ' |
Accrued interest receivable | 17,171 | 15,071 | 13,030 | ' |
Financial liabilities: | ' | ' | ' | ' |
Deposits | 3,374,055 | 3,000,061 | 2,444,244 | ' |
Securities sold under agreements to repurchase | 32,351 | 83,516 | 20,255 | ' |
Other borrowings | 147,409 | 194,572 | ' | ' |
Accrued interest payable | 1,444 | 1,431 | 831 | ' |
Subordinated deferrable interest debentures | 46,214 | 36,277 | 23,331 | ' |
Fair Value [Member] | Level 1 [Member] | ' | ' | ' | ' |
Financial assets: | ' | ' | ' | ' |
Cash and due from banks | 69,421 | 62,955 | 53,516 | ' |
Federal funds sold and interest-bearing accounts | 40,165 | 204,984 | 73,899 | ' |
Accrued interest receivable | 17,171 | 15,071 | 13,030 | ' |
Accrued interest receivable | 17,171 | 15,071 | 13,030 | ' |
Financial liabilities: | ' | ' | ' | ' |
Securities sold under agreements to repurchase | 32,351 | 83,516 | 20,255 | ' |
Accrued interest payable | 1,444 | 1,431 | 831 | ' |
Fair Value [Member] | Level 2 [Member] | ' | ' | ' | ' |
Financial liabilities: | ' | ' | ' | ' |
Deposits | 3,374,055 | 3,000,061 | 2,444,244 | ' |
Other borrowings | 147,409 | 194,572 | ' | ' |
Subordinated deferrable interest debentures | 46,214 | 36,277 | 23,331 | ' |
Fair Value [Member] | Level 3 [Member] | ' | ' | ' | ' |
Financial assets: | ' | ' | ' | ' |
Loans, net | 2,773,291 | 2,404,909 | 1,912,634 | ' |
FDIC loss-share receivable | $21,397 | $61,317 | $76,346 | ' |
Fair_Value_of_Financial_Instru3
Fair Value of Financial Instruments - Fair Value Measurements of Assets and Liabilities Measured on Recurring Basis (Detail) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Recurring assets at fair value | $641,863 | $554,693 | $384,388 |
Recurring liabilities at fair value | 807 | 370 | 972 |
US Government Agencies [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Recurring assets at fair value | 14,460 | 13,926 | 13,917 |
State, County and Municipal Securities [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Recurring assets at fair value | 137,635 | 112,754 | 112,939 |
Corporate Debt Securities [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Recurring assets at fair value | 10,965 | 10,325 | 9,738 |
Mortgage-Backed Securities [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Recurring assets at fair value | 366,449 | 347,750 | 175,654 |
Mortgage Loans Held for Sale [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Recurring assets at fair value | 110,059 | 67,278 | 69,634 |
IRLCs and Forward Contracts [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Recurring assets at fair value | 2,295 | 1,180 | 2,506 |
Derivative Financial Instruments [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Recurring liabilities at fair value | 807 | 370 | 972 |
Collateralized Debt Obligations [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Recurring assets at fair value | ' | 1,480 | ' |
Level 1 [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Recurring assets at fair value | 10,273 | 183,941 | 13,835 |
Level 1 [Member] | State, County and Municipal Securities [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Recurring assets at fair value | ' | ' | 4,460 |
Level 1 [Member] | Mortgage-Backed Securities [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Recurring assets at fair value | 10,273 | 182,461 | 9,375 |
Level 1 [Member] | Collateralized Debt Obligations [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Recurring assets at fair value | ' | 1,480 | ' |
Level 2 [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Recurring assets at fair value | 629,090 | 368,752 | 368,553 |
Recurring liabilities at fair value | 807 | 370 | 972 |
Level 2 [Member] | US Government Agencies [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Recurring assets at fair value | 14,460 | 13,926 | 13,917 |
Level 2 [Member] | State, County and Municipal Securities [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Recurring assets at fair value | 137,635 | 112,754 | 108,479 |
Level 2 [Member] | Corporate Debt Securities [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Recurring assets at fair value | 8,465 | 8,325 | 7,738 |
Level 2 [Member] | Mortgage-Backed Securities [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Recurring assets at fair value | 356,176 | 165,289 | 166,279 |
Level 2 [Member] | Mortgage Loans Held for Sale [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Recurring assets at fair value | 110,059 | 67,278 | 69,634 |
Level 2 [Member] | IRLCs and Forward Contracts [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Recurring assets at fair value | 2,295 | 1,180 | 2,506 |
Level 2 [Member] | Derivative Financial Instruments [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Recurring liabilities at fair value | 807 | 370 | 972 |
Level 3 [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Recurring assets at fair value | 2,500 | 2,000 | 2,000 |
Level 3 [Member] | Corporate Debt Securities [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Recurring assets at fair value | $2,500 | $2,000 | $2,000 |
Fair_Value_of_Financial_Instru4
Fair Value of Financial Instruments - Assets Measured at Fair Value on Nonrecurring Basis (Detail) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ' | ' | ' |
Nonrecurring assets at fair value | $113,697 | $126,066 | $136,094 |
Impaired Loans Carried at Fair Value [Member] | ' | ' | ' |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ' | ' | ' |
Nonrecurring assets at fair value | 35,834 | 42,546 | 43,564 |
Other Real Estate Owned [Member] | ' | ' | ' |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ' | ' | ' |
Nonrecurring assets at fair value | 35,320 | 33,351 | 39,978 |
Covered Other Real Estate Owned [Member] | ' | ' | ' |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ' | ' | ' |
Nonrecurring assets at fair value | 28,883 | 45,893 | 52,552 |
Purchased Non-Covered Other Real Estate Owned [Member] | ' | ' | ' |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ' | ' | ' |
Nonrecurring assets at fair value | 13,660 | 4,276 | ' |
Level 3 [Member] | ' | ' | ' |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ' | ' | ' |
Nonrecurring assets at fair value | 113,697 | 126,066 | 136,094 |
Level 3 [Member] | Impaired Loans Carried at Fair Value [Member] | ' | ' | ' |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ' | ' | ' |
Nonrecurring assets at fair value | 35,834 | 42,546 | 43,564 |
Level 3 [Member] | Other Real Estate Owned [Member] | ' | ' | ' |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ' | ' | ' |
Nonrecurring assets at fair value | 35,320 | 33,351 | 39,978 |
Level 3 [Member] | Covered Other Real Estate Owned [Member] | ' | ' | ' |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ' | ' | ' |
Nonrecurring assets at fair value | 28,883 | 45,893 | 52,552 |
Level 3 [Member] | Purchased Non-Covered Other Real Estate Owned [Member] | ' | ' | ' |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ' | ' | ' |
Nonrecurring assets at fair value | $13,660 | $4,276 | ' |
Fair_Value_of_Financial_Instru5
Fair Value of Financial Instruments - Summary of Significant Unobservable Inputs Used in Fair Value Measurement of Level 3 Assets and Liabilities (Detail) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | Other Real Estate Owned [Member] | Other Real Estate Owned [Member] | Other Real Estate Owned [Member] | Covered Other Real Estate Owned [Member] | Covered Other Real Estate Owned [Member] | Covered Other Real Estate Owned [Member] | Purchased Non-Covered Other Real Estate Owned [Member] | Purchased Non-Covered Other Real Estate Owned [Member] | Level 3 [Member] | Level 3 [Member] | Level 3 [Member] | Level 3 [Member] | Level 3 [Member] | Level 3 [Member] | Level 3 [Member] | Level 3 [Member] | Level 3 [Member] | Level 3 [Member] | Level 3 [Member] | Level 3 [Member] | Level 3 [Member] | Level 3 [Member] | Level 3 [Member] | Level 3 [Member] | Level 3 [Member] | Level 3 [Member] | Level 3 [Member] | Level 3 [Member] | Level 3 [Member] | Level 3 [Member] | Level 3 [Member] | Level 3 [Member] | Level 3 [Member] | Level 3 [Member] | Level 3 [Member] | Level 3 [Member] | Level 3 [Member] | Level 3 [Member] | Level 3 [Member] | Level 3 [Member] | Level 3 [Member] | Level 3 [Member] | Level 3 [Member] | Level 3 [Member] | Level 3 [Member] | Level 3 [Member] | Level 3 [Member] | Level 3 [Member] | Level 3 [Member] | Level 3 [Member] | Level 3 [Member] | Level 3 [Member] | Level 3 [Member] | Level 3 [Member] | Level 3 [Member] | Level 3 [Member] | Level 3 [Member] | |||
Impaired Loans Carried at Fair Value [Member] | Other Real Estate Owned [Member] | Other Real Estate Owned [Member] | Other Real Estate Owned [Member] | Purchased Non-Covered Loans [Member] | Covered Other Real Estate Owned [Member] | Covered Other Real Estate Owned [Member] | Covered Other Real Estate Owned [Member] | Purchased Non-Covered Other Real Estate Owned [Member] | Purchased Non-Covered Other Real Estate Owned [Member] | Fair Value Measurement, Recurring [Member] | Fair Value Measurement, Recurring [Member] | Fair Value Measurement, Nonrecurring [Member] | Fair Value Measurement, Nonrecurring [Member] | Fair Value Measurement, Nonrecurring [Member] | Fair Value Measurement, Nonrecurring [Member] | Fair Value Measurement, Nonrecurring [Member] | Fair Value Measurement, Nonrecurring [Member] | Fair Value Measurement, Nonrecurring [Member] | Fair Value Measurement, Nonrecurring [Member] | Fair Value Measurement, Nonrecurring [Member] | Fair Value Measurement, Nonrecurring [Member] | Minimum [Member] | Minimum [Member] | Minimum [Member] | Minimum [Member] | Minimum [Member] | Minimum [Member] | Minimum [Member] | Minimum [Member] | Minimum [Member] | Minimum [Member] | Minimum [Member] | Minimum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | |||||||||||||||
Impaired Loans Carried at Fair Value [Member] | Impaired Loans Carried at Fair Value [Member] | Other Real Estate Owned [Member] | Other Real Estate Owned [Member] | Purchased Non-Covered Loans [Member] | Covered Other Real Estate Owned [Member] | Covered Other Real Estate Owned [Member] | Purchased Non-Covered Other Real Estate Owned [Member] | Purchased Non-Covered Other Real Estate Owned [Member] | Covered Loans [Member] | Impaired Loans Carried at Fair Value [Member] | Other Real Estate Owned [Member] | Purchased Non-Covered Loans [Member] | Covered Other Real Estate Owned [Member] | Fair Value Measurement, Recurring [Member] | Fair Value Measurement, Recurring [Member] | Fair Value Measurement, Nonrecurring [Member] | Fair Value Measurement, Nonrecurring [Member] | Fair Value Measurement, Nonrecurring [Member] | Fair Value Measurement, Nonrecurring [Member] | Fair Value Measurement, Nonrecurring [Member] | Fair Value Measurement, Nonrecurring [Member] | Impaired Loans Carried at Fair Value [Member] | Other Real Estate Owned [Member] | Purchased Non-Covered Loans [Member] | Covered Other Real Estate Owned [Member] | Fair Value Measurement, Recurring [Member] | Fair Value Measurement, Recurring [Member] | Fair Value Measurement, Nonrecurring [Member] | Fair Value Measurement, Nonrecurring [Member] | Fair Value Measurement, Nonrecurring [Member] | Fair Value Measurement, Nonrecurring [Member] | Fair Value Measurement, Nonrecurring [Member] | Fair Value Measurement, Nonrecurring [Member] | |||||||||||||||||||||||||||
Impaired Loans Carried at Fair Value [Member] | Other Real Estate Owned [Member] | Purchased Non-Covered Loans [Member] | Covered Other Real Estate Owned [Member] | Purchased Non-Covered Other Real Estate Owned [Member] | Covered Loans [Member] | Impaired Loans Carried at Fair Value [Member] | Other Real Estate Owned [Member] | Purchased Non-Covered Loans [Member] | Covered Other Real Estate Owned [Member] | Purchased Non-Covered Other Real Estate Owned [Member] | Covered Loans [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fair Value Disclosure, Nonrecurring | $113,697 | $126,066 | $136,094 | $35,320 | $33,351 | $39,978 | $28,883 | $45,893 | $52,552 | $13,660 | $4,276 | $113,697 | $126,066 | $136,094 | ' | $35,320 | $33,351 | $39,978 | ' | $28,883 | $45,893 | $52,552 | $13,660 | $4,276 | ' | ' | $42,546 | $35,834 | $33,351 | $35,320 | $448,753 | $45,893 | $28,883 | $4,276 | $13,660 | $390,237 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Investment securities available for sale, Recurring | $641,863 | $554,693 | $384,388 | ' | ' | ' | ' | ' | ' | ' | ' | $2,500 | $2,000 | $2,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $2,500 | $2,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Valuation Technique | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'Third party appraisals and discounted cash flows | 'Third party appraisals | ' | ' | 'Third party appraisals | 'Third party appraisals | ' | ' | ' | ' | 'Discounted par values | 'Discounted par values | 'Third party appraisals and discounted cash flows | ' | 'Third party appraisals | ' | 'Third party appraisals and discounted cash flows | 'Third party appraisals | ' | 'Third party appraisals | ' | 'Third party appraisals and discounted cash flows | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fair value inputs discount rate range | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -4.00% | 10.00% | 22.00% | 10.00% | 0.00% | 0.00% | 4.00% | 10.00% | 1.00% | 10.00% | 15.00% | 1.75% | 90.00% | 90.00% | 94.00% | 90.00% | 0.00% | 0.00% | 75.00% | 74.00% | 40.00% | 86.00% | 63.00% | 75.00% |
Segment_Reporting_Schedule_of_
Segment Reporting - Schedule of Financial Information with Respect to Company's Reportable Business Segments (Detail) (USD $) | 3 Months Ended | 9 Months Ended | |||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Net interest income | $39,132 | $29,320 | $108,880 | $87,134 | ' |
Provision for loan losses | 1,669 | 2,920 | 4,760 | 10,008 | ' |
Noninterest income | 17,901 | 12,288 | 46,474 | 35,032 | ' |
Noninterest expense: | ' | ' | ' | ' | ' |
Salaries and employee benefits | 20,226 | 14,412 | 54,562 | 41,599 | ' |
Equipment and occupancy expenses | 4,669 | 3,149 | 12,804 | 9,058 | ' |
Data processing and telecommunications expenses | 3,928 | 3,072 | 11,322 | 8,478 | ' |
Other expenses | 9,756 | 8,116 | 30,448 | 25,186 | ' |
Total noninterest expense | 38,579 | 28,749 | 109,136 | 84,321 | ' |
Income before income tax expense | 16,785 | 9,939 | 41,458 | 27,837 | ' |
Income tax expense | 5,122 | 3,262 | 13,315 | 9,197 | ' |
Net income | 11,663 | 6,677 | 28,143 | 18,640 | ' |
Less preferred stock dividends | ' | 443 | 286 | 1,326 | ' |
Net income available to common shareholders | 11,663 | 6,234 | 27,857 | 17,314 | ' |
Total assets | 3,999,408 | 2,818,502 | 3,999,408 | 2,818,502 | 3,667,649 |
Stockholders' equity | 353,830 | 290,356 | 353,830 | 290,356 | 316,699 |
Retail Banking [Member] | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Net interest income | 36,785 | 28,089 | 104,094 | 84,372 | ' |
Provision for loan losses | 994 | 2,920 | 4,085 | 10,008 | ' |
Noninterest income | 10,766 | 7,054 | 27,173 | 20,333 | ' |
Noninterest expense: | ' | ' | ' | ' | ' |
Salaries and employee benefits | 15,817 | 10,799 | 42,648 | 32,314 | ' |
Equipment and occupancy expenses | 4,301 | 3,029 | 11,834 | 8,575 | ' |
Data processing and telecommunications expenses | 3,622 | 2,908 | 10,551 | 8,013 | ' |
Other expenses | 8,887 | 7,473 | 27,452 | 22,807 | ' |
Total noninterest expense | 32,627 | 24,209 | 92,485 | 71,709 | ' |
Income before income tax expense | 13,930 | 8,014 | 34,697 | 22,988 | ' |
Income tax expense | 4,123 | 2,588 | 10,949 | 7,500 | ' |
Net income | 9,807 | 5,426 | 23,748 | 15,488 | ' |
Less preferred stock dividends | ' | 443 | 286 | 1,326 | ' |
Net income available to common shareholders | 9,807 | 4,983 | 23,462 | 14,162 | ' |
Total assets | 3,772,050 | 2,707,200 | 3,772,050 | 2,707,200 | ' |
Stockholders' equity | 309,904 | 250,863 | 309,904 | 250,863 | ' |
Mortgage Banking [Member] | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Net interest income | 2,347 | 1,231 | 4,786 | 2,762 | ' |
Provision for loan losses | 675 | ' | 675 | ' | ' |
Noninterest income | 7,135 | 5,234 | 19,301 | 14,699 | ' |
Noninterest expense: | ' | ' | ' | ' | ' |
Salaries and employee benefits | 4,409 | 3,613 | 11,914 | 9,285 | ' |
Equipment and occupancy expenses | 368 | 120 | 970 | 483 | ' |
Data processing and telecommunications expenses | 306 | 164 | 771 | 465 | ' |
Other expenses | 869 | 643 | 2,996 | 2,379 | ' |
Total noninterest expense | 5,952 | 4,540 | 16,651 | 12,612 | ' |
Income before income tax expense | 2,855 | 1,925 | 6,761 | 4,849 | ' |
Income tax expense | 999 | 674 | 2,366 | 1,697 | ' |
Net income | 1,856 | 1,251 | 4,395 | 3,152 | ' |
Net income available to common shareholders | 1,856 | 1,251 | 4,395 | 3,152 | ' |
Total assets | 227,358 | 111,302 | 227,358 | 111,302 | ' |
Stockholders' equity | $43,926 | $39,493 | $43,926 | $39,493 | ' |