Central Pacific Financial (CPF) 10-Q 3 Nov 15 2015 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2015	Oct. 28, 2015
Document and Entity Information
Entity Registrant Name	CENTRAL PACIFIC FINANCIAL CORP
Entity Central Index Key	701,347
Document Type	10-Q
Document Period End Date	Sep. 30, 2015
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		31,330,644
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Assets
Cash and due from banks	$ 69,628	$ 72,316
Interest-bearing deposits in other banks	14,376	13,691
Investment securities:
Available for sale, at fair value	1,272,382	1,229,018
Held to maturity, at amortized cost (fair value of $254,540 at September 30, 2015 and $235,597 at December 31, 2015)	254,719	238,287
Total investment securities	1,527,101	1,467,305
Loans held for sale	9,786	9,683
Loans and leases	3,101,463	2,932,198
Allowance for loan and lease losses	(66,644)	(74,040)
Net loans and leases	3,034,819	2,858,158
Premises and equipment, net	47,822	49,214
Accrued interest receivable	13,779	13,584
Investment in unconsolidated subsidiaries	6,489	7,246
Other real estate	1,913	2,948
Mortgage servicing rights	18,174	19,668
Other intangible assets	8,023	10,029
Bank-owned life insurance	153,449	152,283
Federal Home Loan Bank stock	12,048	43,932
Other assets	104,426	132,930
Total Assets	5,021,833	4,852,987
Deposits:
Noninterest-bearing demand	1,112,761	1,034,146
Interest-bearing demand	785,936	788,272
Savings and money market	1,283,517	1,242,598
Time	1,048,289	1,045,284
Total deposits	4,230,503	4,110,300
Short-term borrowings	155,000	38,000
Long-term debt	92,785	92,785
Other liabilities	40,284	43,861
Total Liabilities	4,518,572	4,284,946
Equity
Preferred stock, no par value, authorized 1,100,000 shares, issued and outstanding none at September 30, 2015 and December 31, 2014, respectively	0	0
Common stock, no par value, authorized 185,000,000 shares, issued and outstanding 31,330,644 and 35,233,674 shares at September 30, 2015 and December 31, 2014, respectively	548,518	642,205
Surplus	81,528	79,716
Accumulated deficit	(133,821)	(157,039)
Accumulated other comprehensive income	7,036	3,159
Total Equity	503,261	568,041
Total Liabilities and Equity	$ 5,021,833	$ 4,852,987

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Statement of Financial Position [Abstract]
Held to maturity, fair value (in dollars)	$ 254,540	$ 235,597
Preferred stock, par value (in dollars per share)	$ 0	$ 0
Preferred stock, authorized shares	1,100,000	1,100,000
Preferred stock, issued shares	0	0
Preferred stock, outstanding shares	0	0
Common stock, par value (in dollars per share)	$ 0	$ 0
Common stock, authorized shares	185,000,000	185,000,000
Common stock, issued shares	31,330,644	35,233,674
Common stock, outstanding shares	31,330,644	35,233,674

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Interest income:
Interest and fees on loans and leases	$ 30,148	$ 28,364	$ 88,322	$ 83,287
Interest and dividends on investment securities:
Taxable interest	8,260	7,744	24,687	25,716
Tax-exempt interest	1,008	1,002	3,016	2,996
Dividends	9	8	26	10
Interest on deposits in other banks	6	9	28	24
Dividends on Federal Home Loan Bank stock	11	12	40	35
Total interest income	39,442	37,139	116,119	112,068
Interest on deposits:
Demand	104	96	298	277
Savings and money market	230	225	678	672
Time	568	629	1,665	1,880
Interest on short-term borrowings	73	10	195	82
Interest on long-term debt	662	647	1,949	1,923
Total interest expense	1,637	1,607	4,785	4,834
Net interest income	37,805	35,532	111,334	107,234
Provision (credit) for loan and lease losses	(3,647)	(1,722)	(13,713)	(1,043)
Net interest income after credit for loan and lease losses	41,452	37,254	125,047	108,277
Other operating income:
Service charges on deposit accounts	1,947	2,070	5,830	6,052
Loan servicing fees	1,407	1,446	4,257	4,338
Other service charges and fees	2,803	2,886	8,689	8,912
Income from fiduciary activities	854	797	2,518	2,687
Equity in earnings of unconsolidated subsidiaries	165	11	490	422
Fees on foreign exchange	126	118	352	351
Investment securities gains (losses)	0	0	(1,866)	240
Income from bank-owned life insurance	434	810	1,569	2,246
Loan placement fees	202	35	574	356
Net gain on sales of residential loans	1,551	1,685	4,775	4,151
Net gain on sales of foreclosed assets	252	218	379	962
Other	88	1,387	1,576	2,894
Total other operating income	9,829	11,463	29,143	33,611
Other operating expense:
Salaries and employee benefits	17,193	16,552	49,534	50,536
Net occupancy	3,547	4,051	10,451	11,375
Equipment	775	953	2,617	2,694
Amortization of other intangible assets	1,683	1,328	5,347	3,886
Communication expense	895	925	2,661	2,693
Legal and professional services	1,808	1,786	5,669	5,826
Computer software expense	2,286	1,659	6,764	4,592
Advertising expense	502	673	1,586	2,037
Foreclosed asset expense	3	1,355	332	1,443
Other	3,483	5,964	13,690	14,982
Total other operating expense	32,175	35,246	98,651	100,064
Income before income taxes	19,106	13,471	55,539	41,824
Income tax expense	6,900	5,241	20,603	14,636
Net income	$ 12,206	$ 8,230	$ 34,936	$ 27,188
Per common share data:
Basic earnings per share (in dollars per share)	$ 0.39	$ 0.23	$ 1.07	$ 0.72
Diluted earnings per share (in dollars per share)	0.38	0.23	1.06	0.71
Cash dividends declared (in dollars per share)	$ 0.12	$ 0.1	$ 0.36	$ 0.26
Shares used in computation:
Basic shares (in shares)	31,331	35,863	32,548	37,943
Diluted shares (in shares)	31,750	36,353	32,932	38,440

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Statement of Comprehensive Income [Abstract]
Net income	$ 12,206	$ 8,230	$ 34,936	$ 27,188
Other comprehensive income (loss), net of tax
Net change in unrealized gain (loss) on investment securities	7,563	(1,665)	3,102	18,221
Minimum pension liability adjustment	259	212	775	589
Total other comprehensive income (loss), net of tax	7,822	(1,453)	3,877	18,810
Comprehensive income	$ 20,028	$ 6,777	$ 38,813	$ 45,998

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($) $ in Thousands	Total	Common Shares Outstanding	Common Stock	Surplus	Accumulated Deficit	Accumulated Other Comprehensive Income (Loss)	Non- Controlling Interests
Balance at Dec. 31, 2013	$ 660,174		$ 784,547	$ 75,498	$ (184,087)	$ (15,845)	$ 61
Balance (in shares) at Dec. 31, 2013		42,107,633
Increase (Decrease) in Shareholders' Equity
Net income	27,188				27,188
Other comprehensive income	18,810					18,810
Cash dividends	(9,841)				(9,841)
Net shares of common stock sold by directors' deferred compensation plan	(11)		(11)
Shares of common stock repurchased and other related costs	$ (129,391)		(129,391)
Shares of common stock repurchased and other related costs (in shares)	(6,369,266)	(6,369,266)
Share-based compensation	$ 2,174		74	2,100
Share-based compensation (in shares)		164,863
Non-controlling interests	(61)						(61)
Balance at Sep. 30, 2014	569,042		655,219	77,598	(166,740)	2,965
Balance (in shares) at Sep. 30, 2014		35,903,230
Balance at Dec. 31, 2013	660,174		$ 784,547	75,498	(184,087)	(15,845)	$ 61
Balance (in shares) at Dec. 31, 2013		42,107,633
Increase (Decrease) in Shareholders' Equity
Shares of common stock repurchased and other related costs (in shares)			(857,554)
Balance at Dec. 31, 2014	$ 568,041		$ 642,205	79,716	(157,039)	3,159
Balance (in shares) at Dec. 31, 2014	35,233,674	35,233,674
Increase (Decrease) in Shareholders' Equity
Net income	$ 34,936				34,936
Other comprehensive income	3,877					3,877
Cash dividends	(11,718)				(11,718)
Net shares of common stock sold by directors' deferred compensation plan	(154)		(154)
Shares of common stock repurchased and other related costs	$ (93,533)		(93,533)
Shares of common stock repurchased and other related costs (in shares)	(4,122,881)	(4,122,881)
Share-based compensation	$ 1,812			1,812
Share-based compensation (in shares)		219,851
Balance at Sep. 30, 2015	$ 503,261		$ 548,518	$ 81,528	$ (133,821)	$ 7,036
Balance (in shares) at Sep. 30, 2015	31,330,644	31,330,644

CONSOLIDATED STATEMENTS OF CHA7

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (Parenthetical) - $ / shares	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Statement of Stockholders' Equity [Abstract]
Cash dividends (in dollars per share)	$ 0.36	$ 0.26
Common stock (purchased) sold by directors' deferred compensation plan (in net shares)	8,159	1,118
Shares of common stock repurchased	4,122,881	6,369,266

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Cash flows from operating activities:
Net income	$ 34,936	$ 27,188
Adjustments to reconcile net income to net cash provided by operating activities:
Provision (credit) for loan and lease losses	(13,713)	(1,043)
Depreciation and amortization	4,406	4,372
Write down of other real estate, net of gain on sale	26	529
Amortization of other intangible assets	5,347	3,886
Net amortization of investment securities	7,418	6,111
Share-based compensation	1,812	2,100
Net (gain) loss on investment securities	1,866	(240)
Net gain on sales of residential loans	(4,775)	(4,151)
Proceeds from sales of loans held for sale	304,351	279,641
Originations of loans held for sale	(299,679)	(268,472)
Equity in earnings of unconsolidated subsidiaries	(490)	(422)
Increase in cash surrender value of bank-owned life insurance	(1,889)	(2,402)
Deferred income taxes	19,045	14,701
Net change in other assets and liabilities	3,235	702
Net cash provided by operating activities	61,896	62,500
Cash flows from investing activities:
Proceeds from maturities of and calls on investment securities available for sale	125,688	104,784
Proceeds from sales of investment securities available for sale	117,496	162,470
Purchases of investment securities available for sale	(290,019)	(18,993)
Proceeds from maturities of and calls on investment securities held to maturity	19,950	12,046
Purchases of investment securities held to maturity	(37,043)	(2,443)
Net loan originations	(122,479)	(183,197)
Purchase of loan portfolios	(52,806)	(62,648)
Proceeds from sales of loans originated for investment	6,658	0
Proceeds from sale of other real estate	6,687	2,790
Proceeds from bank-owned life insurance	723	481
Purchases of premises and equipment	(3,014)	(4,425)
Net return of capital from unconsolidated subsidiaries	424	936
Net proceeds from redemption of FHLB stock	31,884	1,736
Net cash provided by (used in) investing activities	(195,851)	13,537
Cash flows from financing activities:
Net increase in deposits	120,203	111,923
Repayments of long-term debt	0	(14)
Net increase in short-term borrowings	117,000	(8,015)
Cash dividends paid on common stock	(11,718)	(9,841)
Repurchases of common stock and other related costs	(93,533)	(129,391)
Net proceeds from issuance of common stock and stock option exercises	0	74
Net cash provided by (used in) financing activities	131,952	(35,264)
Net increase (decrease) in cash and cash equivalents	(2,003)	40,773
Cash and cash equivalents at beginning of period	86,007	49,348
Cash and cash equivalents at end of period	84,004	90,121
Cash paid during the period for:
Interest	4,841	4,796
Income taxes	1,280	0
Cash received during the period for:
Income taxes	0	79
Supplemental disclosure of noncash investing and financing activities:
Net change in common stock held by directors’ deferred compensation plan	154	11
Net reclassification of loans to other real estate	5,679	1,752
Net transfer of loans to loans held for sale	$ 6,658	$ 0

BASIS OF PRESENTATION

BASIS OF PRESENTATION	9 Months Ended
	Sep. 30, 2015
BASIS OF PRESENTATION
BASIS OF PRESENTATION	BASIS OF PRESENTATION The accompanying unaudited consolidated financial statements of Central Pacific Financial Corp. and Subsidiaries (herein referred to as the “Company,” “we,” “us” or “our”) have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. These interim condensed consolidated financial statements and notes should be read in conjunction with the Company’s consolidated financial statements and notes thereto filed on Form 10-K for the fiscal year ended December 31, 2014 . In the opinion of management, all adjustments necessary for a fair presentation have been made and include all normal recurring adjustments. Interim results of operations are not necessarily indicative of results to be expected for the year. Certain prior period amounts in the consolidated financial statements and the notes thereto have been reclassified to conform to the current period presentation. Such reclassifications had no effect on net income or shareholders’ equity for any periods presented.

RECENT ACCOUNTING PRONOUNCEMENT

RECENT ACCOUNTING PRONOUNCEMENTS	9 Months Ended
	Sep. 30, 2015
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
RECENT ACCOUNTING PRONOUNCEMENTS	RECENT ACCOUNTING PRONOUNCEMENTS In January 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-01, “Investments — Equity Method and Joint Ventures: Accounting for Investments in Qualified Affordable Housing Projects.” The provisions of ASU 2014-01 provide guidance on accounting for investments by a reporting entity in flow-through limited liability entities that manage or invest in affordable housing projects that qualify for the low-income housing tax credit. The ASU permits entities to make an accounting policy election to account for their investments in qualified affordable housing projects using the proportional amortization method if certain conditions are met. The Company did not elect the use of the proportional amortization method of ASU 2014-01 on January 1, 2015, which has no material impact on our consolidated financial statements. In January 2014, the FASB issued ASU 2014-04, “Receivables — Troubled Debt Restructurings by Creditors — Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure.” The provisions of ASU 2014-04 provide guidance on when an in substance repossession or foreclosure occurs, which is, when a creditor should be considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan such that the loan should be derecognized and the real estate property recognized. Additionally, the amendments in this update require interim and annual disclosure of both: 1) the amount of foreclosed residential real estate property held by the creditor and 2) the recorded investment in consumer mortgage loans collateralized by residential real estate property that are in the process of foreclosure according to local requirements of the applicable jurisdiction. The Company adopted the prospective transition method of ASU 2014-04 on January 1, 2015, and the adoption did not have a material impact on our consolidated financial statements. In June 2014, the FASB issued ASU 2014-11, “Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures.” ASU 2014-11 requires two accounting changes. First, the amendments change the accounting for repurchase-to-maturity transactions to secured borrowings. Second, for repurchase financing arrangements, the amendments require separate accounting for a transfer of a financial asset executed contemporaneously with a repurchase agreement with the same counterparty, which will result in secured borrowing accounting for the repurchase agreement. ASU 2014-11 requires disclosures for certain transactions comprising a transfer of a financial asset accounted for as a sale, and an agreement with the same transferee entered into in contemplation of the initial transfer which results in the transferor retaining substantially all of the exposure to the economic return on the transferred financial asset throughout the term of the transaction. ASU 2014-11 also requires additional disclosures for repurchase agreements, securities lending transactions, and repurchase-to-maturity transactions that are accounted for as secured borrowings. The adoption of ASU 2014-11 on January 1, 2015 did not have a material impact on our consolidated financial statements. In August 2014, the FASB issued ASU 2014-14, “Receivables — Troubled Debt Restructurings by Creditors Subtopic 310-40): Classification of Certain Government-Guaranteed Mortgage Loans upon Foreclosure.” ASU 2014-14 requires that a mortgage loan be derecognized and that a separate other receivable be recognized upon foreclosure if the following conditions are met: 1) the loan has a government guarantee that is not separable from the loan before foreclosure; 2) at the time of foreclosure, the creditor has the intent to convey the real estate property to the guarantor and make a claim on the guarantee, and the creditor has the ability to recover under that claim; and 3) at the time of foreclosure, any amount of the claim that is determined on the basis of the fair value of the real estate is fixed. Upon foreclosure, the separate other receivable should be measured based on the amount of the loan balance expected to be recovered from the guarantor. The adoption of ASU 2014-14 on January 1, 2015 did not have a material impact on our consolidated financial statements.

INVESTMENT SECURITIES

INVESTMENT SECURITIES	9 Months Ended
	Sep. 30, 2015
Investments, Debt and Equity Securities [Abstract]
INVESTMENT SECURITIES	INVESTMENT SECURITIES A summary of available for sale and held to maturity investment securities are as follows: (dollars in thousands) Amortized Gross Gross Estimated Fair September 30, 2015 Held to Maturity: Mortgage-backed securities: Residential - U.S. Government sponsored entities $ 158,622 $ 195 $ (1,446 ) $ 157,371 Commercial - U.S. Government sponsored entities 96,097 1,074 (2 ) 97,169 Total $ 254,719 $ 1,269 $ (1,448 ) $ 254,540 Available for Sale: Debt securities: States and political subdivisions $ 188,229 $ 3,679 $ (1,475 ) $ 190,433 Corporate securities 103,117 1,612 (31 ) 104,698 Mortgage-backed securities: Residential - U.S. Government sponsored entities 760,884 10,043 (2,341 ) 768,586 Residential - Non-government agencies 66,560 2,452 — 69,012 Commercial - Non-government agencies 135,487 3,629 (355 ) 138,761 Other 823 69 — 892 Total $ 1,255,100 $ 21,484 $ (4,202 ) $ 1,272,382 December 31, 2014 Held to Maturity: Mortgage-backed securities: Residential - U.S. Government sponsored entities $ 140,741 $ 196 $ (2,150 ) $ 138,787 Commercial - U.S. Government sponsored entities 97,546 — (736 ) 96,810 Total $ 238,287 $ 196 $ (2,886 ) $ 235,597 Available for Sale: Debt securities: States and political subdivisions $ 191,280 $ 2,054 $ (1,689 ) $ 191,645 Corporate securities 99,237 1,492 (125 ) 100,604 Mortgage-backed securities: Residential - U.S. Government sponsored entities 744,527 11,064 (4,033 ) 751,558 Residential - Non-government agencies 45,275 1,510 (92 ) 46,693 Commercial - Non-government agencies 135,630 2,946 (935 ) 137,641 Other 757 120 — 877 Total $ 1,216,706 $ 19,186 $ (6,874 ) $ 1,229,018 The amortized cost and estimated fair value of investment securities at September 30, 2015 by contractual maturity are shown below. Expected maturities will differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties. September 30, 2015 (dollars in thousands) Amortized Estimated Fair Held to Maturity Mortage-backed securities: Residential - U.S. Government sponsored entities $ 158,622 $ 157,371 Commercial - U.S. Government sponsored entities 96,097 97,169 Total $ 254,719 $ 254,540 Available for Sale Due in one year or less $ 7,559 $ 7,690 Due after one year through five years 98,871 100,540 Due after five years through ten years 82,352 83,760 Due after ten years 102,564 103,141 Mortage-backed securities: Residential - U.S. Government sponsored entities 760,884 768,586 Residential - Non-government agencies 66,560 69,012 Commercial - Non-government agencies 135,487 138,761 Other 823 892 Total $ 1,255,100 $ 1,272,382 During the second quarter of 2015, we completed an investment securities portfolio repositioning to reduce net interest income volatility and enhance the potential for prospective earnings and an improved net interest margin. In connection with the repositioning, we sold certain available for sale mortgage-backed securities with an average yield of 1.35% and a weighted average life of 4.4 years and reinvested the gross proceeds of $117.5 million in $137.4 million in investment securities with an average yield of 2.68% and a weighted average life of 7.5 years. The new securities were classified in the available for sale portfolio. Gross realized losses on the sale of the available for sale investment securities were $1.9 million . We did not sell any available for sale securities during the first and third quarters of 2015. The specific identification method was used as the basis for determining the cost of all securities sold. During the second quarter of 2014, we sold certain available for sale investment securities for gross proceeds of $162.5 million . Gross realized gains and losses on the sales of the available for sale investment securities were $0.9 million and $0.7 million , respectively. We did not sell any available for sale securities during the first and third quarters of 2014. The specific identification method was used as the basis for determining the cost of all securities sold. Investment securities of $1.01 billion and $900.5 million at September 30, 2015 and December 31, 2014 , respectively, were pledged to secure public funds on deposit and other long-term and short-term borrowings. Provided below is a summary of the 138 and 195 investment securities which were in an unrealized loss position at September 30, 2015 and December 31, 2014 , respectively. Less than 12 months 12 months or longer Total Unrealized Unrealized Unrealized (dollars in thousands) Fair Value Losses Fair Value Losses Fair Value Losses September 30, 2015 Debt securities: States and political subdivisions $ 36,426 $ (706 ) $ 19,410 $ (769 ) $ 55,836 $ (1,475 ) Corporate securities 10,753 (31 ) — — 10,753 (31 ) Mortgage-backed securities: Residential - U.S. Government sponsored entities 344,484 (2,500 ) 85,081 (1,287 ) 429,565 (3,787 ) Commercial - U.S. Government sponsored entities 9,723 (2 ) — — 9,723 (2 ) Commercial - Non-government agencies 33,484 (256 ) 4,706 (99 ) 38,190 (355 ) Total temporarily impaired securities $ 434,870 $ (3,495 ) $ 109,197 $ (2,155 ) $ 544,067 $ (5,650 ) December 31, 2014 Debt securities: States and political subdivisions $ 23,591 $ (145 ) $ 68,622 $ (1,544 ) $ 92,213 $ (1,689 ) Corporate securities 23,938 (125 ) — — 23,938 (125 ) Mortgage-backed securities: Residential - U.S. Government sponsored entities 107,755 (487 ) 318,571 (5,696 ) 426,326 (6,183 ) Residential - Non-government agencies 15,895 (92 ) — — 15,895 (92 ) Commercial - U.S. Government sponsored entities 11,455 (34 ) 85,355 (702 ) 96,810 (736 ) Commercial - Non-government agencies 4,962 (8 ) 47,539 (927 ) 52,501 (935 ) Total temporarily impaired securities $ 187,596 $ (891 ) $ 520,087 $ (8,869 ) $ 707,683 $ (9,760 ) Other-Than-Temporary Impairment (“OTTI”) Unrealized losses for all investment securities are reviewed to determine whether the losses are deemed “other-than-temporary.” Investment securities are evaluated for OTTI on at least a quarterly basis and more frequently when economic or market conditions warrant such an evaluation to determine whether a decline in their value below amortized cost is other-than-temporary. In conducting this assessment, we evaluate a number of factors including, but not limited to: • The length of time and the extent to which fair value has been less than the amortized cost basis; • Adverse conditions specifically related to the security, an industry, or a geographic area; • The historical and implied volatility of the fair value of the security; • The payment structure of the debt security and the likelihood of the issuer being able to make payments; • Failure of the issuer to make scheduled interest or principal payments; • Any rating changes by a rating agency; and • Recoveries or additional declines in fair value subsequent to the balance sheet date. The term “other-than-temporary” is not intended to indicate that the decline is permanent, but indicates that the prospects for a near-term recovery of value are not necessarily favorable, or that there is a general lack of evidence to support a realizable value equal to or greater than the carrying value of the investment. Once a decline in value is determined to be other-than-temporary, the value of the security is reduced and a corresponding charge to earnings is recognized for anticipated credit losses. Because we have no intent to sell securities in an unrealized loss position and it is not more likely than not that we will be required to sell such securities before recovery of its amortized cost basis, we do not consider our investments to be other-than-temporarily impaired.

LOANS AND LEASES

LOANS AND LEASES	9 Months Ended
	Sep. 30, 2015
Receivables [Abstract]
LOANS AND LEASES	LOANS AND LEASES Loans and leases, excluding loans held for sale, consisted of the following: (dollars in thousands) September 30, December 31, Commercial, financial and agricultural $ 505,907 $ 463,070 Real estate: Construction 75,632 115,023 Mortgage - residential 1,382,835 1,280,089 Mortgage - commercial 737,816 704,099 Consumer 396,670 365,662 Leases 1,123 3,140 3,099,983 2,931,083 Net deferred costs 1,480 1,115 Total loans and leases $ 3,101,463 $ 2,932,198 During the nine months ended September 30, 2015 , we foreclosed on seven portfolio loans with a carrying value of $2.1 million . In the second quarter of 2015, we transferred two portfolio loans to a single borrower with a carrying value of $6.6 million to the held-for-sale category and sold the two loans in the second quarter of 2015 at its carrying value. We did no t transfer any loans to the held-for-sale category and no portfolio loans were sold in the first and third quarters of 2015. In August 2015, we purchased a participation interest in auto loans totaling $24.7 million , which included a $0.8 million premium over the $23.9 million outstanding balance. At the time of purchase, the auto loans had a weighted average remaining term of 68 months. In June 2015, we purchased a participation interest in auto loans totaling $28.1 million , which included a $1.0 million premium over the $27.1 million outstanding balance. At the time of purchase, the auto loans had a weighted average remaining term of 79 months . During the nine months ended September 30, 2014 , we foreclosed on four loans with a carrying value of 1.8 million . We did not transfer any portfolio loans to the held-for-sale category and no portfolio loans were sold during the nine months ended September 30, 2014 . In May 2014, we purchased participation interest in auto loans totaling $11.2 million , which included a $0.3 million premium over the $10.9 million outstanding balance. At the time of purchase, the auto loans had a weighted average remaining term of 71 months . During the nine months ended September 30, 2014 , we also purchased participation interests in student loans totaling $51.5 million , which represented the outstanding balance at the time of purchase. At the time of purchase, the student loans had a weighted average remaining term of 123 months . Impaired Loans The following table presents by class, the balance in the allowance for loan and lease losses and the recorded investment in loans and leases based on the Company’s impairment measurement method as of September 30, 2015 and December 31, 2014 : Real Estate (dollars in thousands) Commercial, Financial & Agricultural Construction Mortgage -Residential Mortgage -Commercial Consumer Leases Total September 30, 2015 Allowance for loan and lease losses: Ending balance attributable to loans: Individually evaluated for impairment $ — $ — $ — $ — $ — $ — $ — Collectively evaluated for impairment 7,610 8,251 17,973 21,565 7,745 63,144 7,610 8,251 17,973 21,565 7,745 — 63,144 Unallocated 3,500 Total ending balance $ 7,610 $ 8,251 $ 17,973 $ 21,565 $ 7,745 $ — $ 66,644 Loans and leases: Individually evaluated for impairment $ 3,384 $ 4,251 $ 24,079 $ 4,984 $ — $ — $ 36,698 Collectively evaluated for impairment 502,523 71,381 1,358,756 732,832 396,670 1,123 3,063,285 505,907 75,632 1,382,835 737,816 396,670 1,123 3,099,983 Net deferred costs (income) 636 (252 ) 2,451 (831 ) (524 ) — 1,480 Total ending balance $ 506,543 $ 75,380 $ 1,385,286 $ 736,985 $ 396,146 $ 1,123 $ 3,101,463 December 31, 2014 Allowance for loan and lease losses: Ending balance attributable to loans: Individually evaluated for impairment $ 1,533 $ — $ — $ — $ — $ — $ 1,533 Collectively evaluated for impairment 7,421 14,969 17,927 20,869 7,314 7 68,507 8,954 14,969 17,927 20,869 7,314 7 70,040 Unallocated 4,000 Total ending balance $ 8,954 $ 14,969 $ 17,927 $ 20,869 $ 7,314 $ 7 $ 74,040 Loans and leases: Individually evaluated for impairment $ 13,369 $ 4,888 $ 30,893 $ 23,126 $ — $ — $ 72,276 Collectively evaluated for impairment 449,701 110,135 1,249,196 680,973 365,662 3,140 2,858,807 463,070 115,023 1,280,089 704,099 365,662 3,140 2,931,083 Net deferred costs (income) 693 (469 ) 2,235 (826 ) (518 ) — 1,115 Total ending balance $ 463,763 $ 114,554 $ 1,282,324 $ 703,273 $ 365,144 $ 3,140 $ 2,932,198 The following table presents by class, impaired loans as of September 30, 2015 and December 31, 2014 : (dollars in thousands) Unpaid Recorded Allowance September 30, 2015 Impaired loans with no related allowance recorded: Commercial, financial & agricultural $ 5,023 $ 3,384 $ — Real estate: Construction 10,596 4,251 — Mortgage - residential 26,213 24,079 — Mortgage - commercial 4,984 4,984 — Total impaired loans with no related allowance recorded 46,816 36,698 — Impaired loans with an allowance recorded: Commercial, financial & agricultural — — — Total impaired loans with an allowance recorded — — — Total $ 46,816 $ 36,698 $ — December 31, 2014 Impaired loans with no related allowance recorded: Commercial, financial & agricultural $ 738 $ 738 $ — Real estate: Construction 11,275 4,888 — Mortgage - residential 34,131 30,893 — Mortgage - commercial 30,249 23,126 — Total impaired loans with no related allowance recorded 76,393 59,645 — Impaired loans with an allowance recorded: Commercial, financial & agricultural 16,630 12,631 1,533 Total impaired loans with an allowance recorded 16,630 12,631 1,533 Total $ 93,023 $ 72,276 $ 1,533 The following table presents by class, the average recorded investment and interest income recognized on impaired loans for the three and nine months ended September 30, 2015 and 2014 : Three Months Ended Nine Months Ended September 30, 2015 September 30, 2014 September 30, 2015 September 30, 2014 (dollars in thousands) Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Commercial, financial & agricultural $ 3,444 $ 4 $ 16,377 $ 6 $ 8,000 $ 14 $ 14,031 $ 17 Real estate: Construction 4,325 40 5,088 43 4,514 152 5,712 119 Mortgage - residential 25,466 87 31,460 85 27,245 81 33,762 522 Mortgage - commercial 8,464 15 19,195 137 15,884 354 17,147 252 Total $ 41,699 $ 146 $ 72,120 $ 271 $ 55,643 $ 601 $ 70,652 $ 910 The Company had $1.6 million of consumer mortgage loans collateralized by residential real estate property that were in the process of foreclosure at September 30, 2015 . Aging Analysis of Accruing and Non-Accruing Loans and Leases For all loan types, the Company determines delinquency status by considering the number of days full payments required by the contractual terms of the loan are past due. The following table presents by class, the aging of the recorded investment in past due loans and leases as of September 30, 2015 and December 31, 2014 : (dollars in thousands) Accruing Accruing Accruing Nonaccrual Total Loans and Total September 30, 2015 Commercial, financial & agricultural $ 183 $ 544 $ — $ 3,056 $ 3,783 $ 502,760 $ 506,543 Real estate: Construction — — — — — 75,380 75,380 Mortgage - residential 463 249 — 6,301 7,013 1,378,273 1,385,286 Mortgage - commercial — 59 — 2,731 2,790 734,195 736,985 Consumer 1,049 381 130 — 1,560 394,586 396,146 Leases — — — — — 1,123 1,123 Total $ 1,695 $ 1,233 $ 130 $ 12,088 $ 15,146 $ 3,086,317 $ 3,101,463 December 31, 2014 Commercial, financial & agricultural $ 183 $ 85 $ — $ 13,007 $ 13,275 $ 450,488 $ 463,763 Real estate: Construction — — — 310 310 114,244 114,554 Mortgage - residential 3,078 379 — 13,048 16,505 1,265,819 1,282,324 Mortgage - commercial 68 — — 12,722 12,790 690,483 703,273 Consumer 1,500 417 77 — 1,994 363,150 365,144 Leases — — — — — 3,140 3,140 Total $ 4,829 $ 881 $ 77 $ 39,087 $ 44,874 $ 2,887,324 $ 2,932,198 Modifications Troubled debt restructurings (“TDRs”) included in nonperforming assets at September 30, 2015 consisted of 24 Hawaii residential mortgage loans with a combined principal balance of $3.7 million and two Hawaii commercial loans with a combined principal balance of $0.8 million . Concessions made to the original contractual terms of these loans consisted primarily of the deferral of interest and/or principal payments due to deterioration in the borrowers’ financial condition. The principal balances on these TDRs had matured and/or were in default at the time of restructure and we have no commitments to lend additional funds to any of these borrowers. There were $21.0 million of TDRs still accruing interest at September 30, 2015 , none of which were more than 90 days delinquent. At December 31, 2014 , there were $29.5 million of TDRs still accruing interest, none of which were more than 90 days delinquent. Some loans modified in a TDR may already be on nonaccrual status and partial charge-offs may have already been taken against the outstanding loan balance. Thus, these loans have already been identified as impaired and have already been evaluated under the Company’s allowance for loan and lease losses (the “Allowance”) methodology. As a result, some loans modified in a TDR may have the financial effect of increasing the specific allowance associated with the loan. The loans modified in a TDR did not have a material effect on our provision for loan and lease losses (the “Provision”) and the Allowance during the three and nine months ended September 30, 2015 . The following table presents by class, information related to loans modified in a TDR during the nine months ended September 30, 2015 and the three and nine months ended September 30, 2014 . No loans were modified in a TDR during the three months ended September 31, 2015. (dollars in thousands) Number Recorded Increase Nine Months Ended September 30, 2015 Commercial, financial & agricultural 1 $ 512 $ — Real estate: Mortgage - residential 1 957 — Total 2 $ 1,469 $ — Three Months Ended September 30, 2014 Real estate: Mortgage - residential 3 $ 220 $ — Nine Months Ended September 30, 2014 Real estate: Mortgage - residential 12 $ 806 $ — No loans were modified as a TDR within the previous twelve months that subsequently defaulted during the three and nine months ended September 30, 2015 and 2014 . Credit Quality Indicators The Company categorizes loans and leases into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. The Company analyzes loans and leases individually by classifying the loans and leases as to credit risk. This analysis includes non-homogeneous loans and leases, such as commercial and commercial real estate loans. This analysis is performed on a quarterly basis. The Company uses the following definitions for risk ratings: Special Mention. Loans and leases classified as special mention, while still adequately protected by the borrower’s capital adequacy and payment capability, exhibit distinct weakening trends and/or elevated levels of exposure to external conditions. If left unchecked or uncorrected, these potential weaknesses may result in deteriorated prospects of repayment. These exposures require management’s close attention so as to avoid becoming undue or unwarranted credit exposures. Substandard. Loans and leases classified as substandard are inadequately protected by the borrower’s current financial condition and payment capability or of the collateral pledged, if any. Loans and leases so classified have a well-defined weakness or weaknesses that jeopardize the orderly repayment of debt. They are characterized by the distinct possibility that the bank will sustain some loss if the deficiencies are not corrected. Doubtful. Loans and leases classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or orderly repayment in full, on the basis of current existing facts, conditions and values, highly questionable and improbable. Possibility of loss is extremely high, but because of certain important and reasonably specific factors that may work to the advantage and strengthening of the exposure, its classification as an estimate loss is deferred until its more exact status may be determined. Loss. Loans and leases classified as loss are considered to be non-collectible and of such little value that their continuance as bankable assets is not warranted. This does not mean the loan has absolutely no recovery value, but rather it is neither practical nor desirable to defer writing off the loan, even though partial recovery may be obtained in the future. Losses are taken in the period in which they surface as uncollectible. Loans and leases not meeting the criteria above are considered to be pass-rated. The following table presents by class and credit indicator, the recorded investment in the Company’s loans and leases as of September 30, 2015 and December 31, 2014 : (dollars in thousands) Pass Special Substandard Loss Subtotal Net Total September 30, 2015 Commercial, financial & agricultural $ 495,865 $ 3,700 $ 6,342 $ — $ 505,907 $ 636 $ 506,543 Real estate: Construction 73,515 1,304 813 — 75,632 (252 ) 75,380 Mortgage - residential 1,376,321 — 6,514 — 1,382,835 2,451 1,385,286 Mortgage - commercial 706,215 17,869 13,732 — 737,816 (831 ) 736,985 Consumer 396,441 100 94 35 396,670 (524 ) 396,146 Leases 1,123 — — — 1,123 — 1,123 Total $ 3,049,480 $ 22,973 $ 27,495 $ 35 $ 3,099,983 $ 1,480 $ 3,101,463 December 31, 2014 Commercial, financial & agricultural $ 432,892 $ 14,655 $ 15,523 $ — $ 463,070 $ 693 $ 463,763 Real estate: Construction 111,370 — 3,653 — 115,023 (469 ) 114,554 Mortgage - residential 1,265,470 352 14,267 — 1,280,089 2,235 1,282,324 Mortgage - commercial 660,492 10,498 33,109 — 704,099 (826 ) 703,273 Consumer 365,332 294 36 — 365,662 (518 ) 365,144 Leases 3,140 — — — 3,140 — 3,140 Total $ 2,838,696 $ 25,799 $ 66,588 $ — $ 2,931,083 $ 1,115 $ 2,932,198 In accordance with applicable Interagency Guidance issued by our primary bank regulators, we define subprime borrowers as typically having weakened credit histories that include payment delinquencies and possibly more severe problems such as charge-offs, judgments, and bankruptcies. They may also display reduced repayment capacity as measured by credit scores, debt-to-income ratios, or other criteria that may encompass borrowers with incomplete credit histories. Subprime loans are loans to borrowers displaying one or more of these characteristics at the time of origination or purchase. Such loans have a higher risk of default than loans to prime borrowers. At September 30, 2015 and December 31, 2014 , we did not have any loans that we considered to be subprime.

ALLOWANCE FOR LOAN AND LEASE LO

ALLOWANCE FOR LOAN AND LEASE LOSSES	9 Months Ended
	Sep. 30, 2015
ALLOWANCE FOR LOAN AND LEASE LOSSES
ALLOWANCE FOR LOAN AND LEASE LOSSES	ALLOWANCE FOR LOAN AND LEASE LOSSES The following table presents by class, the activity in the Allowance for the periods indicated: Real estate Commercial, Financial & Agricultural Construction Mortgage - Residential Mortgage - Commercial Consumer Leases Unallocated Total Three Months Ended September 30, 2015 Beginning balance $ 7,569 $ 10,670 $ 17,846 $ 20,008 $ 7,330 $ 1 $ 3,500 $ 66,924 Provision (credit) for loan and lease losses (293 ) (2,702 ) (23 ) (1,573 ) 972 (28 ) — (3,647 ) 7,276 7,968 17,823 18,435 8,302 (27 ) 3,500 63,277 Charge-offs 170 — 46 — 874 — — 1,090 Recoveries 504 283 196 3,130 317 27 — 4,457 Net charge-offs (recoveries) (334 ) (283 ) (150 ) (3,130 ) 557 (27 ) — (3,367 ) Ending balance $ 7,610 $ 8,251 $ 17,973 $ 21,565 $ 7,745 $ — $ 3,500 $ 66,644 Three Months Ended September 30, 2014 Beginning balance $ 12,255 $ 15,525 $ 19,198 $ 25,885 $ 6,723 $ 13 $ 4,000 $ 83,599 Provision (credit) for loan and lease losses (709 ) (1,728 ) (173 ) (1,372 ) 2,262 (2 ) — (1,722 ) 11,546 13,797 19,025 24,513 8,985 11 4,000 81,877 Charge-offs 471 — — — 928 — — 1,399 Recoveries 789 1,100 244 14 212 1 — 2,360 Net charge-offs (recoveries) (318 ) (1,100 ) (244 ) (14 ) 716 (1 ) — (961 ) Ending balance $ 11,864 $ 14,897 $ 19,269 $ 24,527 $ 8,269 $ 12 $ 4,000 $ 82,838 Nine Months Ended September 30, 2015 Beginning balance $ 8,954 $ 14,969 $ 17,927 $ 20,869 $ 7,314 $ 7 $ 4,000 $ 74,040 Provision (credit) for loan and lease losses (617 ) (7,588 ) (1,925 ) (6,009 ) 2,960 (34 ) (500 ) (13,713 ) 8,337 7,381 16,002 14,860 10,274 (27 ) 3,500 60,327 Charge-offs 5,104 — 110 — 3,929 — — 9,143 Recoveries 4,377 870 2,081 6,705 1,400 27 — 15,460 Net charge-offs (recoveries) 727 (870 ) (1,971 ) (6,705 ) 2,529 (27 ) — (6,317 ) Ending balance $ 7,610 $ 8,251 $ 17,973 $ 21,565 $ 7,745 $ — $ 3,500 $ 66,644 Nine Months Ended September 30, 2014 Beginning balance $ 13,196 $ 2,774 $ 25,272 $ 29,947 $ 6,576 $ 55 $ 6,000 $ 83,820 Provision (credit) for loan and lease losses (1,163 ) 10,279 (6,731 ) (4,419 ) 3,032 (41 ) (2,000 ) (1,043 ) 12,033 13,053 18,541 25,528 9,608 14 4,000 82,777 Charge-offs 2,142 — 139 1,041 2,063 8 — 5,393 Recoveries 1,973 1,844 867 40 724 6 — 5,454 Net charge-offs (recoveries) 169 (1,844 ) (728 ) 1,001 1,339 2 — (61 ) Ending balance $ 11,864 $ 14,897 $ 19,269 $ 24,527 $ 8,269 $ 12 $ 4,000 $ 82,838 Loans held for sale and other real estate assets are not included in our assessment of the Allowance. Our Provisions were credits of $3.6 million and $13.7 million in the three and nine months ended September 30, 2015 , respectively, compared to credits of $1.7 million and $1.0 million in the three and nine months ended September 30, 2014 , respectively. In determining the amount of our Allowance, we rely on an analysis of our loan portfolio, our experience and our evaluation of general economic conditions, as well as regulatory requirements and input. If our assumptions prove to be incorrect, our current Allowance may not be sufficient to cover future loan losses and we may experience significant increases to our Provision.

SECURITIZATIONS

SECURITIZATIONS	9 Months Ended
	Sep. 30, 2015
Transfers and Servicing [Abstract]
SECURITIZATIONS	SECURITIZATIONS In prior years, we securitized certain residential mortgage loans with a U.S. Government sponsored entity and continue to service the residential mortgage loans. The servicing assets were recorded at their respective fair values at the time of securitization. All unsold mortgage-backed securities from prior securitizations were categorized as available for sale securities and were therefore recorded at their fair values of 3.4 million and $3.5 million at September 30, 2015 and December 31, 2014 , respectively. The fair values of these mortgage-backed securities were based on quoted prices of similar instruments in active markets. Unrealized gains of 0.3 million and $0.3 million on unsold mortgage-backed securities were recorded in accumulated other comprehensive income (“AOCI”) at September 30, 2015 and December 31, 2014 , respectively.

INVESTMENTS IN UNCONSOLIDATED S

INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES	9 Months Ended
	Sep. 30, 2015
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures [Abstract]
INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES	INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES The components of the Company’s investments in unconsolidated subsidiaries were as follows: (dollars in thousands) September 30, December 31, Investments in low income housing tax credit partnerships $ 2,958 $ 3,781 Trust preferred investments 2,792 2,792 Investments in affiliates 623 557 Other 116 116 $ 6,489 $ 7,246 Investments in low income housing tax credit (“LIHTC”) partnerships are accounted for using the cost method. For the three and nine months ended September 30, 2015 , the Company recognized amortization expense in pre-tax income of $0.3 million and $0.8 million , respectively. For the three and nine months ended September 30, 2014 the Company recognized amortization expense in pre-tax income of $0.3 million and $1.1 million , respectively. For the three and nine months ended September 30, 2015 , the Company recognized $0.3 million and $0.9 million in tax credits associated with our investments in LIHTC partnerships, respectively. For the three and nine months ended September 30, 2014 , the Company recognized $0.4 million and $1.2 million in tax credits associated with our investments in LIHTC partnerships, respectively.

OTHER INTANGIBLE ASSETS

OTHER INTANGIBLE ASSETS	9 Months Ended
	Sep. 30, 2015
OTHER INTANGIBLE ASSETS
OTHER INTANGIBLE ASSETS	OTHER INTANGIBLE ASSETS Other intangible assets include a core deposit premium and mortgage servicing rights. The following table presents changes in other intangible assets for the nine months ended September 30, 2015 : (dollars in thousands) Core Mortgage Total Balance, beginning of period $ 10,029 $ 19,668 $ 29,697 Additions — 1,847 1,847 Amortization (2,006 ) (3,341 ) (5,347 ) Balance, end of period $ 8,023 $ 18,174 $ 26,197 Income generated as the result of new mortgage servicing rights is reported as gains on sales of loans and totaled $0.6 million and $1.8 million for the three and nine months ended September 30, 2015 , respectively, compared to $0.7 million and $1.6 million for the comparable prior year periods. Amortization of mortgage servicing rights was $1.0 million and $3.3 million for the three and nine months ended September 30, 2015 , respectively, compared to $0.7 million and $1.9 million for the comparable prior year periods. The following table presents the fair market value and key assumptions used in determining the fair market value of our mortgage servicing rights: Nine Months Ended September 30, (dollars in thousands) 2015 2014 Fair market value, beginning of period $ 19,975 $ 21,399 Fair market value, end of period 18,495 20,471 Weighted average discount rate 9.5 % 9.5 % Weighted average prepayment speed assumption 14.3 12.9 The gross carrying value and accumulated amortization related to our intangible assets are presented below: September 30, 2015 December 31, 2014 (dollars in thousands) Gross Accumulated Net Gross Accumulated Net Core deposit premium $ 44,642 $ (36,619 ) $ 8,023 $ 44,642 $ (34,613 ) $ 10,029 Mortgage servicing rights 58,534 (40,360 ) 18,174 56,687 (37,019 ) 19,668 $ 103,176 $ (76,979 ) $ 26,197 $ 101,329 $ (71,632 ) $ 29,697 Based on the core deposit premium and mortgage servicing rights held as of September 30, 2015 , estimated amortization expense for the remainder of fiscal year 2015 , the next five succeeding fiscal years and all years thereafter are as follows: Estimated Amortization Expense (dollars in thousands) Core Deposit Premium Mortgage Servicing Rights Total 2015 (remainder) $ 669 $ 1,159 $ 1,828 2016 2,674 4,164 6,838 2017 2,674 3,156 5,830 2018 2,006 2,488 4,494 2019 — 1,906 1,906 2020 — 1,492 1,492 Thereafter — 3,809 3,809 $ 8,023 $ 18,174 $ 26,197 We perform an impairment assessment of our other intangible assets whenever events or changes in circumstance indicate that the carrying value of those assets may not be recoverable. Our impairment assessments involve, among other valuation methods, the estimation of future cash flows and other methods of determining fair value. Estimating future cash flows and determining fair values is subject to judgment and often involves the use of significant estimates and assumptions. The variability of the factors we use to perform our impairment tests depend on a number of conditions, including the uncertainty about future events and cash flows. All such factors are interdependent and, therefore, do not change in isolation. Accordingly, our accounting estimates may materially change from period to period due to changing market factors.

DERIVATIVES

DERIVATIVES	9 Months Ended
	Sep. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVES	DERIVATIVES We utilize various designated and undesignated derivative financial instruments to reduce our exposure to movements in interest rates including interest rate swaps, interest rate lock commitments and forward sale commitments. We measure all derivatives at fair value on our consolidated balance sheet. In each reporting period, we record the derivative instruments in other assets or other liabilities depending on whether the derivatives are in an asset or liability position. For derivative instruments that are designated as hedging instruments, we record the effective portion of the changes in the fair value of the derivative in AOCI, net of tax, until earnings are affected by the variability of cash flows of the hedged transaction. We immediately recognize the portion of the gain or loss in the fair value of the derivative that represents hedge ineffectiveness in current period earnings. For derivative instruments that are not designated as hedging instruments, changes in the fair value of the derivative are included in current period earnings. Interest Rate Lock and Forward Sale Commitments We enter into interest rate lock commitments on certain mortgage loans that are intended to be sold. To manage interest rate risk on interest rate lock commitments, we also enter into forward loan sale commitments. The interest rate locks and forward loan sale commitments are accounted for as undesignated derivatives and are recorded at their respective fair values in other assets or other liabilities, with changes in fair value recorded in current period earnings. These instruments serve to reduce our exposure to movements in interest rates. At September 30, 2015 , we were a party to interest rate lock and forward sale commitments on $11.8 million and $19.9 million of mortgage loans, respectively. The following table presents the location of all assets and liabilities associated with our derivative instruments within the consolidated balance sheets: Asset Derivatives Liability Derivatives Fair Value at Fair Value at Derivatives Not Designated Balance Sheet September 30, 2015 December 31, 2014 September 30, 2015 December 31, 2014 (dollars in thousands) Interest rate contracts Other assets / other liabilities $ 185 $ 504 $ 181 $ 122 The following table presents the impact of derivative instruments and their location within the consolidated statements of income: Derivatives Not in Cash Flow Location of Gain (Loss) Amount of Gain (Loss) (dollars in thousands) Three Months Ended September 30, 2015 Interest rate contracts Other operating income $ (646 ) Three Months Ended September 30, 2014 Interest rate contracts Other operating income 66 Nine Months Ended September 30, 2015 Interest rate contracts Other operating income (378 ) Nine Months Ended September 30, 2014 Interest rate contracts Other operating income 419

SHORT-TERM BORROWINGS AND LONG-

SHORT-TERM BORROWINGS AND LONG-TERM DEBT	9 Months Ended
	Sep. 30, 2015
Debt Disclosure [Abstract]
SHORT-TERM BORROWINGS AND LONG-TERM DEBT	SHORT-TERM BORROWINGS AND LONG-TERM DEBT The bank was a member of the Federal Home Loan Bank of Seattle until its merger with the Federal Home Loan Bank of Des Moines on June 1, 2015. We are now a member of the Federal Home Loan Bank of Des Moines (the “FHLB”) and maintained a $1.2 billion line of credit as of September 30, 2015 . Short-term borrowings under this arrangement totaled $155.0 million at September 30, 2015 , compared to $38.0 million at December 31, 2014 . There were no long-term borrowings under this arrangement at September 30, 2015 and December 31, 2014 . FHLB advances outstanding at September 30, 2015 were secured by unencumbered investment securities with a fair value of $0.6 million and certain real estate loans with a carrying value of $1.6 billion in accordance with the collateral provisions of the Advances, Security and Deposit Agreement with the FHLB. At September 30, 2015 , $1.0 billion was undrawn under this arrangement. At September 30, 2015 and December 31, 2014 , our bank had additional unused borrowings available at the Federal Reserve discount window of $44.2 million and $33.3 million , respectively. As of September 30, 2015 and December 31, 2014 , certain commercial and commercial real estate loans with a carrying value totaling $91.8 million and $72.9 million , respectively, were pledged as collateral on our line of credit with the Federal Reserve discount window. The Federal Reserve does not have the right to sell or repledge these loans.

EQUITY

EQUITY	9 Months Ended
	Sep. 30, 2015
Equity [Abstract]
EQUITY	EQUITY We have generated considerable tax benefits, including net operating loss carry-forwards and federal and state tax credits. Our use of the tax benefits in the future would be limited if we experience an “ownership change” for U.S. federal income tax purposes. In general, an “ownership change” will occur if there is a cumulative increase in the Company’s ownership by “5-percent shareholders” (as defined under U.S. income tax laws) that exceeds 50 percentage points over a rolling three-year period. On November 23, 2010, our Board of Directors declared a dividend of preferred share purchase rights (“Rights”) in respect to our common stock which were issued pursuant to a Tax Benefits Preservation Plan, dated as of November 23, 2010 (the “Tax Benefits Preservation Plan”), between the Company and Wells Fargo Bank, National Association, as rights agent. Each Right represents the right to purchase, upon the terms and subject to the conditions in the Plan, 1/10,000th of a share of our Junior Participating Preferred Stock, Series C, no par value, for $6.00 , subject to adjustment. The Tax Benefits Preservation Plan is designed to reduce the likelihood that the Company will experience an ownership change by discouraging any person from becoming a beneficial owner of 4.99% or more of our common stock (a “Threshold Holder”). On January 29, 2014, our Board of Directors approved an amendment to the Tax Benefits Preservation Plan to extend it for up to an additional two years (until February 18, 2016). To further protect our tax benefits, on January 26, 2011, our Board of Directors approved an amendment to our restated articles of incorporation to restrict transfers of our stock if the effect of an attempted transfer would cause the transferee to become a Threshold Holder or to cause the beneficial ownership of a Threshold Holder to increase (the “Protective Charter Amendment”). At our annual meeting of shareholders on April 27, 2011, we proposed the amendment which shareholders approved. On January 29, 2014, our Board of Directors approved an amendment to the Protective Charter Amendment to extend it for up to an additional two years (until May 2, 2016). Our shareholders approved the Protective Charter Amendment on April 25, 2014. There is no guarantee, however, that the Tax Benefits Preservation Plan or the Protective Charter Amendment will prevent the Company from experiencing an ownership change. As a Hawaii state-chartered bank, Central Pacific Bank may only pay dividends to the extent it has retained earnings as defined under Hawaii banking law (“Statutory Retained Earnings”), which differs from GAAP retained earnings. As of September 30, 2015 , the bank had Statutory Retained Earnings of $61.7 million . Dividends are payable at the discretion of the Board of Directors and there can be no assurance that the Board of Directors will continue to pay dividends at the same rate, or at all, in the future. Our ability to pay cash dividends to our shareholders is subject to restrictions under federal and Hawaii law, including restrictions imposed by the FRB and covenants set forth in various agreements we are a party to, including covenants set forth in our subordinated debentures. On February 21, 2014, we announced a tender offer to purchase for cash up to $68.8 million in value of shares of our common stock at a price not greater than $21.00 nor less than $18.50 per share (the “Tender Offer”). The Tender Offer expired on March 21, 2014 and 3,369,850 shares of our common stock were properly tendered and not withdrawn at or below the purchase price of $20.20 per share (“Purchase Price”). In addition, 167,572 shares were tendered through notice of guaranteed delivery at or below the Purchase Price. Based on these results, we accepted for purchase 3,405,888 shares, at the Purchase Price for a total cost of $68.8 million , excluding fees and expenses related to the Tender Offer. The Tender Offer closed on March 28, 2014. Due to the oversubscription of the Tender Offer, we accepted for purchase on a pro rata basis approximately 96.6% of the shares properly tendered and not properly withdrawn at or below the Purchase Price by each tendering shareholder, except for tenders of odd lots, which were accepted in full, and except for certain conditional tenders automatically regarded as withdrawn pursuant to the terms of the Tender Offer. On February 20, 2014, we also entered into repurchase agreements (the “Repurchase Agreements”) with each of Carlyle Financial Services Harbor, L.P. (“Carlyle”) and ACMO-CPF, L.L.C. (“Anchorage” and together with Carlyle, the “Lead Investors”), each of whom was the owner of 9,463,095 shares (representing 22.5% of the outstanding shares or 44.9% in the aggregate at that time) of our common stock, pursuant to which we agreed to purchase up to $28.1 million of shares of common stock from each of the Lead Investors at the Purchase Price of the Tender Offer (the “Private Repurchases”) (or an aggregate of $56.2 million of shares). Conditions to the Private Repurchases were satisfied and we purchased 1,391,089 shares from each of Carlyle and Anchorage at the Purchase Price for a total cost of $56.2 million , excluding fees and expenses related to the Private Repurchases. The Private Repurchases closed on April 7, 2014, the eleventh business day following the expiration of the Tender Offer. The completion of the Tender Offer and the Private Repurchases resulted in the aggregate repurchase by us of 6,188,066 shares totaling $125 million , or 14.7% of our issued and outstanding shares of our common stock prior to the completion of the Tender Offer and the Private Repurchases. Upon completion of the Tender Offer and Private Repurchases, we had approximately 35.9 million shares outstanding. On March 26, 2015, the Company, Carlyle and Anchorage (together the “Selling Shareholders”), and Citigroup Global Markets, Inc. (the “Underwriter”) entered into a secondary offering underwriting agreement (the “March 2015 Underwriting Agreement”) pursuant to which the Selling Shareholders agreed to each sell 3,802,694 shares for a total of 7,605,388 shares of CPF common stock, no par value per share, to the Underwriter at a price of $23.01 per common share for a total of approximately $175 million . In connection with the March 2015 Underwriting Agreement, the Company repurchased 3,259,452 shares of its common stock from the Underwriter at a price of $23.01 per share for an aggregate cost of approximately $75 million , excluding fees and expenses. The transactions were consummated on April 1, 2015. The Company did not receive any of the proceeds from the sale of these shares by the Selling Shareholders and no shares were sold by the Company. The Company incurred $0.4 million in costs recorded in other operating expenses related to the secondary offering by the Selling Shareholders. In addition, the Company incurred $0.2 million in costs recorded in equity related to the repurchase of its common stock from the Underwriter. On June 4, 2015, the Company, the Selling Shareholders, and the Underwriter entered into another secondary offering underwriting agreement (the “June 2015 Underwriting Agreement”) pursuant to which the Selling Shareholders agreed to each sell 1,500,000 shares for a total of 3,000,000 shares of CPF common stock, no par value per share, to the Underwriter at a price of $22.15 per common share for a total of approximately $66.5 million . The Company did not receive any of the proceeds from the sale of these shares by the Selling Shareholders and no shares were sold by the Company. In the second quarter of 2015, the Company accrued $0.3 million of costs recorded in other operating expenses related to the secondary offering by the Selling Shareholders. On August 3, 2015, the Company, the Selling Shareholders, and the Underwriter and UBS Investment Bank ("UBS") entered into a final underwriting agreement (the "August 2015 Underwriting Agreement") pursuant to which the Selling Shareholders sold their aggregate remaining interest in the Company of 5,538,624 shares of CPF common stock to the Underwriter and UBS at a price of $22.11 per common share for a total of approximately $122.5 million . The Company did not receive any of the proceeds from the sale of these shares by the Selling Shareholders and no shares were sold by the Company. On May 20, 2014, our Board of Directors authorized the repurchase and retirement of up to $30.0 million of the Company’s outstanding common stock (the “CPF Repurchase Plan”). Repurchases under the CPF Repurchase Plan may be made from time to time on the open market or in privately negotiated transactions. In 2014, 857,554 shares of common stock, at a cost of $16.5 million , were repurchased under this program. In January 2015, our Board of Directors increased the authorization under the CPF Repurchase Plan by $25.0 million . In March 2015, our Board of Directors increased the authorization under the CPF Repurchase Plan by an additional $75.0 million in connection with the March 2015 Underwriting Agreement. In the nine months ended September 30, 2015 , an additional 4,122,881 shares of common stock, at a cost of $93.3 million , excluding fees and expenses, were repurchased under this program. A total of $20.2 million remained available for repurchase under the CPF Repurchase Plan at September 30, 2015 . However, in an effort to further protect the Company from experiencing an ownership change, the Company does not intend to repurchase any additional shares under the CPF Repurchase Plan during the remainder of 2015. We currently expect to reestablish our share repurchase program in the first quarter of 2016.

SHARE-BASED COMPENSATION

SHARE-BASED COMPENSATION	9 Months Ended
	Sep. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
SHARE-BASED COMPENSATION	SHARE-BASED COMPENSATION Restricted Stock Awards and Units The table below presents the activity of restricted stock awards and units for the nine months ended September 30, 2015 : Shares Weighted Nonvested restricted stock awards and units, beginning of period 715,460 $ 15.77 Changes during the period: Granted 172,989 19.49 Vested (338,117 ) 15.18 Forfeited (78,155 ) 16.63 Nonvested restricted stock awards and units, end of period 472,177 17.41

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	9 Months Ended
	Sep. 30, 2015
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) The following table presents the components of other comprehensive income for the three and nine months ended September 30, 2015 and 2014 , by component: (dollars in thousands) Before Tax Tax Effect Net of Tax Three Months Ended September 30, 2015 Net unrealized losses on investment securities: Net unrealized losses arising during the period $ 12,561 $ 4,998 $ 7,563 Less: Reclassification adjustment for losses realized in net income — — — Net unrealized losses on investment securities 12,561 4,998 7,563 Defined benefit plans: Amortization of net actuarial losses 419 165 254 Amortization of net transition obligation 4 2 2 Amortization of prior service cost 5 2 3 Defined benefit plans, net 428 169 259 Other comprehensive loss $ 12,989 $ 5,167 $ 7,822 Three Months Ended September 30, 2014 Net unrealized gains on investment securities: Net unrealized gains arising during the period $ (2,562 ) $ (897 ) $ (1,665 ) Less: Reclassification adjustment for losses realized in net income — — — Net unrealized gains on investment securities (2,562 ) (897 ) (1,665 ) Defined benefit plans: Amortization of net actuarial losses 305 100 205 Amortization of net transition obligation 4 1 3 Amortization of prior service cost 5 1 4 Defined benefit plans, net 314 102 212 Other comprehensive income $ (2,248 ) $ (795 ) $ (1,453 ) (dollars in thousands) Before Tax Tax Effect Net of Tax Nine Months Ended September 30, 2015 Net unrealized losses on investment securities: Net unrealized losses arising during the period $ 3,285 $ 1,306 $ 1,979 Less: Reclassification adjustment for losses realized in net income 1,866 743 1,123 Net unrealized losses on investment securities 5,151 2,049 3,102 Defined benefit plans: Amortization of net actuarial losses 1,260 499 761 Amortization of net transition obligation 12 7 5 Amortization of prior service cost 15 6 9 Defined benefit plans, net 1,287 512 775 Other comprehensive loss $ 6,438 $ 2,561 $ 3,877 Nine Months Ended September 30, 2014 Net unrealized gains on investment securities: Net unrealized gains arising during the period $ 29,323 $ 11,744 $ 17,579 Less: Reclassification adjustment for losses realized in net income 1,071 429 642 Net unrealized gains on investment securities 30,394 12,173 18,221 Defined benefit plans: Amortization of net actuarial losses 915 343 572 Amortization of net transition obligation 12 5 7 Amortization of prior service cost 15 5 10 Defined benefit plans, net 942 353 589 Other comprehensive income $ 31,336 $ 12,526 $ 18,810 The following table presents the changes in each component of AOCI, net of tax, for the three and nine months ended September 30, 2015 and 2014 : (dollars in thousands) Investment Defined Accumulated Three Months Ended September 30, 2015 Balance at beginning of period $ 9,125 $ (9,911 ) $ (786 ) Other comprehensive loss before reclassifications 7,563 — 7,563 Amounts reclassified from AOCI — 259 259 Total other comprehensive income (loss) 7,563 259 7,822 Balance at end of period $ 16,688 $ (9,652 ) $ 7,036 Three Months Ended September 30, 2014 Balance at beginning of period $ 10,761 $ (6,343 ) $ 4,418 Other comprehensive income before reclassifications (1,665 ) — (1,665 ) Amounts reclassified from AOCI — 212 212 Total other comprehensive income (1,665 ) 212 (1,453 ) Balance at end of period $ 9,096 $ (6,131 ) $ 2,965 Nine Months Ended September 30, 2015 Balance at beginning of period $ 13,586 $ (10,427 ) $ 3,159 Other comprehensive loss before reclassifications 1,979 — 1,979 Amounts reclassified from AOCI 1,123 775 1,898 Total other comprehensive income (loss) 3,102 775 3,877 Balance at end of period $ 16,688 $ (9,652 ) $ 7,036 Nine Months Ended September 30, 2014 Balance at beginning of period $ (9,125 ) $ (6,720 ) $ (15,845 ) Other comprehensive income before reclassifications 17,579 — 17,579 Amounts reclassified from AOCI 642 589 1,231 Total other comprehensive income 18,221 589 18,810 Balance at end of period $ 9,096 $ (6,131 ) $ 2,965 The following table presents the amounts reclassified out of each component of AOCI for the three and nine months ended September 30, 2015 and 2014 : Amount Reclassified from AOCI Affected Line Item in the Statement Where Net Income is Presented Details about AOCI Components Three months ended September 30, (dollars in thousands) 2015 2014 Sale of investment securities available for sale $ — $ — Investment securities gains (losses) — — Tax benefit $ — $ — Net of tax Amortization of defined benefit plan items Net actuarial losses $ (419 ) $ (305 ) (1) Net transition obligation (4 ) (4 ) (1) Prior service cost (5 ) (5 ) (1) (428 ) (314 ) Total before tax 169 102 Tax benefit $ (259 ) $ (212 ) Net of tax Total reclassifications for the period $ (259 ) $ (212 ) Net of tax Amount Reclassified from AOCI Affected Line Item in the Statement Where Net Income is Presented Details about AOCI Components Nine months ended September 30, (dollars in thousands) 2015 2014 Sale of investment securities available for sale $ (1,866 ) $ (1,071 ) Investment securities gains (losses) 743 429 Tax benefit $ (1,123 ) $ (642 ) Net of tax Amortization of defined benefit plan items Net actuarial losses $ (1,260 ) $ (915 ) (1) Net transition obligation (12 ) (12 ) (1) Prior service cost (15 ) (15 ) (1) (1,287 ) (942 ) Total before tax 512 353 Tax benefit $ (775 ) $ (589 ) Net of tax Total reclassifications for the period $ (1,898 ) $ (1,231 ) Net of tax (1) These accumulated other comprehensive income components are included in the computation of net periodic pension cost (see Note 14 for additional details).

PENSION AND SUPPLEMENTAL EXECUT

PENSION AND SUPPLEMENTAL EXECUTIVE RETIREMENT PLANS	9 Months Ended
	Sep. 30, 2015
Compensation and Retirement Disclosure [Abstract]
PENSION AND SUPPLEMENTAL EXECUTIVE RETIREMENT PLANS	PENSION AND SUPPLEMENTAL EXECUTIVE RETIREMENT PLANS Central Pacific Bank has a defined benefit retirement plan (the “Pension Plan”) which covers certain eligible employees. The plan was curtailed effective December 31, 2002, and accordingly, plan benefits were fixed as of that date. The following table sets forth the components of net periodic benefit cost for the Pension Plan: Three Months Ended Nine Months Ended (dollars in thousands) 2015 2014 2015 2014 Interest cost $ 349 $ 366 $ 1,045 $ 1,098 Expected return on plan assets (471 ) (524 ) (1,415 ) (1,572 ) Amortization of net actuarial losses 392 304 1,178 912 Net periodic cost $ 270 $ 146 $ 808 $ 438 Our bank also established Supplemental Executive Retirement Plans (“SERPs”), which provide certain (current and former) officers of our bank with supplemental retirement benefits. The following table sets forth the components of net periodic benefit cost for the SERPs: Three Months Ended Nine Months Ended (dollars in thousands) 2015 2014 2015 2014 Interest cost $ 110 $ 113 $ 330 $ 339 Amortization of net actuarial losses 27 1 82 3 Amortization of net transition obligation 4 4 12 12 Amortization of prior service cost 5 5 15 15 Net periodic cost $ 146 $ 123 $ 439 $ 369

EARNINGS PER SHARE

EARNINGS PER SHARE	9 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE The following table presents the information used to compute basic and diluted earnings per common share for the periods indicated: Three Months Ended Nine Months Ended 2015 2014 2015 2014 (in thousands, except per share data) Net income $ 12,206 $ 8,230 $ 34,936 $ 27,188 Weighted average shares outstanding - basic 31,331 35,863 32,548 37,943 Dilutive effect of employee stock options and awards 419 490 384 497 Weighted average shares outstanding - diluted 31,750 36,353 32,932 38,440 Basic earnings per share $ 0.39 $ 0.23 $ 1.07 $ 0.72 Diluted earnings per share $ 0.38 $ 0.23 $ 1.06 $ 0.71 A total of 12,532 potentially dilutive securities have been excluded from the dilutive share calculation for the three and nine months ended September 30, 2015 , as their effect was antidilutive, compared to 13,864 for the three and nine months ended September 30, 2014 .

FAIR VALUE OF FINANCIAL ASSETS

FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES	9 Months Ended
	Sep. 30, 2015
Fair Value Disclosures [Abstract]
FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES	FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES Disclosures about Fair Value of Financial Instruments Fair value estimates, methods and assumptions are set forth below for our financial instruments. Short-Term Financial Instruments The carrying values of short-term financial instruments are deemed to approximate fair values. Such instruments are considered readily convertible to cash and include cash and due from banks, interest-bearing deposits in other banks, accrued interest receivable, short-term borrowings, and accrued interest payable. Investment Securities The fair value of investment securities is based on market price quotations received from securities dealers. Where quoted market prices are not available, fair values are based on quoted market prices of comparable securities. Loans Fair values of loans are estimated based on discounted cash flows of portfolios of loans with similar financial characteristics including the type of loan, interest terms and repayment history. Fair values are calculated by discounting scheduled cash flows through estimated maturities using estimated market discount rates. Estimated market discount rates are reflective of credit and interest rate risks inherent in the Company’s various loan types and are derived from available market information, as well as specific borrower information. The fair value of loans are not based on the notion of exit price. Loans Held for Sale The fair value of loans classified as held for sale are generally based upon quoted prices for similar assets in active markets, acceptance of firm offer letters with agreed upon purchase prices, discounted cash flow models that take into account market observable assumptions, or independent appraisals of the underlying collateral securing the loans. We report the fair values of Hawaii and U.S. Mainland construction and commercial real estate loans net of applicable selling costs on our consolidated balance sheets. Other Interest Earning Assets The equity investment in common stock of the FHLB, which is redeemable for cash at par value, is reported at its par value. Deposit Liabilities The fair values of deposits with no stated maturity, such as noninterest-bearing demand deposits and interest-bearing demand and savings accounts, are equal to the amount payable on demand. The fair value of time deposits is estimated using discounted cash flow analyses. The discount rate is estimated using the rates currently offered for deposits of similar remaining maturities. Long-Term Debt The fair value of our long-term debt is estimated by discounting scheduled cash flows over the contractual borrowing period at the estimated market rate for similar borrowing arrangements. Off-Balance Sheet Financial Instruments The fair values of off-balance sheet financial instruments are estimated based on the fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the present creditworthiness of the counterparties, current settlement values or quoted market prices of comparable instruments. For derivative financial instruments, the fair values are based upon current settlement values, if available. If there are no relevant comparables, fair values are based on pricing models using current assumptions for interest rate swaps and options. Limitations Fair value estimates are made at a specific point in time based on relevant market information and information about the financial instrument. These estimates do not reflect any premium or discount that could result from offering for sale at one time our entire holdings of a particular financial instrument. Because no market exists for a significant portion of our financial instruments, fair value estimates are based on judgments regarding future expected loss experience, current economic conditions, risk characteristics of various financial instruments and other factors. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and therefore cannot be determined with precision. Changes in assumptions could significantly affect the estimates. Fair value estimates are based on existing on- and off-balance sheet financial instruments without attempting to estimate the value of future business and the value of assets and liabilities that are not considered financial instruments. For example, significant assets and liabilities that are not considered financial assets or liabilities include deferred tax assets, premises and equipment and intangible assets. In addition, the tax ramifications related to the realization of the unrealized gains and losses can have a significant effect on fair value estimates and have not been considered in many of the estimates. Fair Value Measurement Using (dollars in thousands) Carrying Estimated Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant September 30, 2015 Financial assets Cash and due from banks $ 69,628 $ 69,628 $ 69,628 $ — $ — Interest-bearing deposits in other banks 14,376 14,376 14,376 — — Investment securities 1,527,101 1,526,922 892 1,513,278 12,752 Loans held for sale 9,786 9,786 — — 9,786 Net loans and leases 3,034,819 2,991,526 — 36,698 2,954,828 Accrued interest receivable 13,779 13,779 13,779 — — Financial liabilities Deposits: Noninterest-bearing deposits 1,112,761 1,112,761 1,112,761 — — Interest-bearing demand and savings deposits 2,069,453 2,069,453 2,069,453 — — Time deposits 1,048,289 1,049,989 — — 1,049,989 Short-term debt 155,000 155,000 — 155,000 — Long-term debt 92,785 67,283 — 67,283 — Accrued interest payable (included in other liabilities) 962 962 962 — — Off-balance sheet financial instruments Commitments to extend credit 772,326 3,862 — 3,862 — Standby letters of credit and financial guarantees written 16,418 123 — 123 — Derivatives: Interest rate options 11,754 177 — 177 — Forward interest rate contracts 19,930 (173 ) — (173 ) — Fair Value Measurement Using (dollars in thousands) Carrying Estimated Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant December 31, 2014 Financial assets Cash and due from banks $ 72,316 $ 72,316 $ 72,316 $ — $ — Interest-bearing deposits in other banks 13,691 13,691 13,691 — — Investment securities 1,467,305 1,464,615 877 1,450,643 13,095 Loans held for sale 9,683 9,683 — — 9,683 Net loans and leases 2,858,158 2,752,420 — 70,743 2,681,677 Accrued interest receivable 13,584 13,584 13,584 — — Financial liabilities Deposits: Noninterest-bearing deposits 1,034,146 1,034,146 1,034,146 — — Interest-bearing demand and savings deposits 2,030,870 2,030,870 2,030,870 — — Time deposits 1,045,284 1,047,322 — — 1,047,322 Short-term debt 38,000 38,000 — 38,000 — Long-term debt 92,785 42,454 — 42,454 — Accrued interest payable (included in other liabilities) 1,018 1,018 1,018 — — Off-balance sheet financial instruments Commitments to extend credit 720,255 3,601 — 3,601 — Standby letters of credit and financial guarantees written 18,797 141 — 141 — Derivatives: Interest rate options 44,266 444 — 444 — Forward interest rate contracts 23,919 (62 ) — (62 ) — Fair Value Measurements We group our financial assets and liabilities at fair value into three levels based on the markets in which the financial assets and liabilities are traded and the reliability of the assumptions used to determine fair value as follows: • Level 1 — Valuation is based upon quoted prices (unadjusted) for identical assets or liabilities traded in active markets. A quoted price in an active market provides the most reliable evidence of fair value and shall be used to measure fair value whenever available. • Level 2 — Valuation is based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques for which all significant assumptions are observable in the market. • Level 3 — Valuation is generated from model-based techniques that use significant assumptions not observable in the market. These unobservable assumptions reflect our own estimates of assumptions that market participants would use in pricing the asset or liability. Valuation techniques include use of discounted cash flow models and similar techniques that requires the use of significant judgment or estimation. We base our fair values on the price that we would expect to receive if an asset were sold or pay to transfer a liability in an orderly transaction between market participants at the measurement date. We also maximize the use of observable inputs and minimize the use of unobservable inputs when developing fair value measurements. We use fair value measurements to record adjustments to certain financial assets and liabilities and to determine fair value disclosures. Available for sale securities and derivatives are recorded at fair value on a recurring basis. From time to time, we may be required to record other financial assets at fair value on a nonrecurring basis such as loans held for sale, impaired loans and mortgage servicing rights. These nonrecurring fair value adjustments typically involve application of the lower of cost or fair value accounting or write-downs of individual assets. There were no transfers of financial assets and liabilities between Level 1 and Level 2 of the fair value hierarchy during the three and nine months ended September 30, 2015 . The following table presents the balances of assets and liabilities measured at fair value on a recurring basis as of September 30, 2015 and December 31, 2014 : Fair Value at Reporting Date Using (dollars in thousands) Fair Value Quoted Significant Significant September 30, 2015 Available for sale securities: Debt securities: States and political subdivisions $ 190,433 $ — $ 177,681 $ 12,752 Corporate securities 104,698 — 104,698 — Mortgage-backed securities: Residential - U.S. Government sponsored entities 768,586 — 768,586 — Residential - Non-government agencies 69,012 — 69,012 — Commerical - Non-government agencies 138,761 — 138,761 — Other 892 892 — — Total available for sale securities 1,272,382 892 1,258,738 12,752 Derivatives - Interest rate options and forward interest rate contracts 4 — 4 — Total $ 1,272,386 $ 892 $ 1,258,742 $ 12,752 December 31, 2014 Available for sale securities: Debt securities: States and political subdivisions $ 191,645 $ — $ 178,550 $ 13,095 Corporate securities 100,604 — 100,604 — Mortgage-backed securities: Residential - U.S. Government sponsored entities 751,558 — 751,558 — Residential - Non-government agencies 46,693 — 46,693 — Commerical - Non-government agencies 137,641 — 137,641 — Other 877 877 — — Total available for sale securities 1,229,018 877 1,215,046 13,095 Derivatives - Interest rate options and forward interest rate contracts 382 — 382 — Total $ 1,229,400 $ 877 $ 1,215,428 $ 13,095 For the nine months ended September 30, 2015 and 2014 , the changes in Level 3 assets and liabilities measured at fair value on a recurring basis are summarized as follows: (dollars in thousands) Available for Sale Balance at December 31, 2014 $ 13,095 Principal payments received (897 ) Unrealized net gain included in other comprehensive income 554 Balance at September 30, 2015 $ 12,752 Balance at December 31, 2013 $ 10,518 Principal payments received (202 ) Unrealized net gain included in other comprehensive income 74 Purchases 2,325 Balance at September 30, 2014 $ 12,715 Within the state and political subdivisions debt securities category, the Company holds four mortgage revenue bonds issued by the City & County of Honolulu with an aggregate fair value of $12.8 million and $12.7 million at September 30, 2015 and September 30, 2014 , respectively. The Company estimates the fair value of its mortgage revenue bonds by using a discounted cash flow model to calculate the present value of estimated future principal and interest payments. The significant unobservable input used in the fair value measurement of the Company’s mortgage revenue bonds is the weighted average discount rate. As of September 30, 2015 , the weighted average discount rate utilized was 3.90% , which was derived by incorporating a credit spread over the FHLB Fixed-Rate Advance curve. Significant increases (decreases) in the weighted average discount rate could result in a significantly lower (higher) fair value measurement. For assets measured at fair value on a nonrecurring basis that were recorded at fair value on our balance sheet at September 30, 2015 and December 31, 2014 , the following table provides the level of valuation assumptions used to determine the respective fair values: Fair Value Measurements Using (dollars in thousands) Fair Value Quoted Prices Significant Significant September 30, 2015 Impaired loans (1) $ 36,698 $ — $ 36,698 $ — Other real estate (2) 1,913 1,913 December 31, 2014 Impaired loans (1) $ 70,743 $ — $ 70,743 $ — Other real estate (2) 2,948 — 2,948 — (1) Represents carrying value and related write-downs of loans for which adjustments are based on agreed upon purchase prices for the loans or the appraised value of the collateral. (2) Represents other real estate that is carried at the lower of carrying value or fair value less costs to sell. Fair value is generally based upon independent market prices or appraised values of the collateral.

SEGMENT INFORMATION

SEGMENT INFORMATION	9 Months Ended
	Sep. 30, 2015
Segment Reporting [Abstract]
SEGMENT INFORMATION	SEGMENT INFORMATION We have the following three reportable segments: Banking Operations, Treasury and All Others. These segments are consistent with our internal functional reporting lines and are managed separately because each unit has different target markets, technological requirements, marketing strategies and specialized skills. The Banking Operations segment includes construction and real estate development lending, commercial lending, residential mortgage lending, indirect auto lending, trust services, retail brokerage services and our retail branch offices, which provide a full range of deposit and loan products, as well as various other banking services. The Treasury segment is responsible for managing the Company’s investment securities portfolio and wholesale funding activities. The All Others segment consists of all activities not captured by the Banking Operations or Treasury segments described above and includes activities such as electronic banking, data processing and management of bank owned properties. The accounting policies of the segments are consistent with the Company’s accounting policies that are described in Note 1 to the consolidated financial statements in the Annual Report on Form 10-K for the year ended December 31, 2014 filed with the SEC. The majority of the Company’s net income is derived from net interest income. Accordingly, management focuses primarily on net interest income, rather than gross interest income and expense amounts, in evaluating segment profitability. Intersegment net interest income (expense) was allocated to each segment based upon a funds transfer pricing process that assigns costs of funds to assets and earnings credits to liabilities based on market interest rates that reflect interest rate sensitivity and maturity characteristics. All administrative and overhead expenses are allocated to the segments at cost. Cash, investment securities, loans and leases and their related balances are allocated to the segment responsible for acquisition and maintenance of those assets. Segment assets also include all premises and equipment used directly in segment operations. Segment profits and assets are provided in the following table for the periods indicated. (dollars in thousands) Banking Treasury All Others Total Three Months Ended September 30, 2015 Net interest income $ 29,424 $ 8,381 $ — $ 37,805 Intersegment net interest income (expense) 11,176 (7,477 ) (3,699 ) — Credit for loan and lease losses 3,647 — — 3,647 Other operating income 5,438 734 3,657 9,829 Other operating expense (14,291 ) (436 ) (17,448 ) (32,175 ) Administrative and overhead expense allocation (15,798 ) (245 ) 16,043 — Income tax (expense) benefit (6,859 ) (335 ) 294 (6,900 ) Net income (loss) $ 12,737 $ 622 $ (1,153 ) $ 12,206 Three Months Ended September 30, 2014 Net interest income $ 27,671 $ 7,861 $ — $ 35,532 Intersegment net interest income (expense) 11,619 (11,231 ) (388 ) — Credit for loan and lease losses 1,722 — — 1,722 Other operating income 6,264 1,453 3,746 11,463 Other operating expense (16,104 ) (509 ) (18,633 ) (35,246 ) Administrative and overhead expense allocation (15,823 ) (268 ) 16,091 — Income tax expense (5,749 ) 857 (349 ) (5,241 ) Net income $ 9,600 $ (1,837 ) $ 467 $ 8,230 (dollars in thousands) Banking Treasury All Others Total Nine Months Ended September 30, 2015 Net interest income $ 86,115 $ 25,219 $ — $ 111,334 Intersegment net interest income (expense) 32,826 (24,242 ) (8,584 ) — Credit for loan and lease losses 13,713 — — 13,713 Other operating income 17,892 439 10,812 29,143 Other operating expense (44,469 ) (1,407 ) (52,775 ) (98,651 ) Administrative and overhead expense allocation (43,839 ) (799 ) 44,638 — Income tax (expense) benefit (21,783 ) 276 904 (20,603 ) Net income (loss) $ 40,455 $ (514 ) $ (5,005 ) $ 34,936 Nine Months Ended September 30, 2014 Net interest income $ 81,214 $ 26,020 $ — $ 107,234 Intersegment net interest income (expense) 23,775 (24,950 ) 1,175 — Credit for loan and lease losses 1,043 — — 1,043 Other operating income 18,663 3,290 11,658 33,611 Other operating expense (45,794 ) (1,598 ) (52,672 ) (100,064 ) Administrative and overhead expense allocation (43,361 ) (807 ) 44,168 — Income tax expense (12,439 ) (684 ) (1,513 ) (14,636 ) Net income $ 23,101 $ 1,271 $ 2,816 $ 27,188 (dollars in thousands) Banking Treasury All Others Total At September 30, 2015: Investment securities — 1,527,101 — 1,527,101 Loans and leases (including loans held for sale) 3,111,249 — — 3,111,249 Other 69,381 232,110 81,992 383,483 Total assets 3,180,630 1,759,211 81,992 5,021,833 At December 31, 2014: Investment securities — 1,467,305 — 1,467,305 Loans and leases (including loans held for sale) 2,941,881 — — 2,941,881 Other 111,071 248,455 84,275 443,801 Total assets 3,052,952 1,715,760 84,275 4,852,987

LEGAL PROCEEDINGS

LEGAL PROCEEDINGS	9 Months Ended
	Sep. 30, 2015
LEGAL PROCEEDINGS
LEGAL PROCEEDINGS	LEGAL PROCEEDINGS We are involved in legal actions arising in the ordinary course of business. Management, after consultation with our legal counsel, believes the ultimate disposition of those matters will not have a material adverse effect on our consolidated financial statements.

RECENT ACCOUNTING PRONOUNCEME27

RECENT ACCOUNTING PRONOUNCEMENTS (Policies)	9 Months Ended
	Sep. 30, 2015
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Recent Accounting Pronouncements	In January 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-01, “Investments — Equity Method and Joint Ventures: Accounting for Investments in Qualified Affordable Housing Projects.” The provisions of ASU 2014-01 provide guidance on accounting for investments by a reporting entity in flow-through limited liability entities that manage or invest in affordable housing projects that qualify for the low-income housing tax credit. The ASU permits entities to make an accounting policy election to account for their investments in qualified affordable housing projects using the proportional amortization method if certain conditions are met. The Company did not elect the use of the proportional amortization method of ASU 2014-01 on January 1, 2015, which has no material impact on our consolidated financial statements. In January 2014, the FASB issued ASU 2014-04, “Receivables — Troubled Debt Restructurings by Creditors — Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure.” The provisions of ASU 2014-04 provide guidance on when an in substance repossession or foreclosure occurs, which is, when a creditor should be considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan such that the loan should be derecognized and the real estate property recognized. Additionally, the amendments in this update require interim and annual disclosure of both: 1) the amount of foreclosed residential real estate property held by the creditor and 2) the recorded investment in consumer mortgage loans collateralized by residential real estate property that are in the process of foreclosure according to local requirements of the applicable jurisdiction. The Company adopted the prospective transition method of ASU 2014-04 on January 1, 2015, and the adoption did not have a material impact on our consolidated financial statements. In June 2014, the FASB issued ASU 2014-11, “Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures.” ASU 2014-11 requires two accounting changes. First, the amendments change the accounting for repurchase-to-maturity transactions to secured borrowings. Second, for repurchase financing arrangements, the amendments require separate accounting for a transfer of a financial asset executed contemporaneously with a repurchase agreement with the same counterparty, which will result in secured borrowing accounting for the repurchase agreement. ASU 2014-11 requires disclosures for certain transactions comprising a transfer of a financial asset accounted for as a sale, and an agreement with the same transferee entered into in contemplation of the initial transfer which results in the transferor retaining substantially all of the exposure to the economic return on the transferred financial asset throughout the term of the transaction. ASU 2014-11 also requires additional disclosures for repurchase agreements, securities lending transactions, and repurchase-to-maturity transactions that are accounted for as secured borrowings. The adoption of ASU 2014-11 on January 1, 2015 did not have a material impact on our consolidated financial statements. In August 2014, the FASB issued ASU 2014-14, “Receivables — Troubled Debt Restructurings by Creditors Subtopic 310-40): Classification of Certain Government-Guaranteed Mortgage Loans upon Foreclosure.” ASU 2014-14 requires that a mortgage loan be derecognized and that a separate other receivable be recognized upon foreclosure if the following conditions are met: 1) the loan has a government guarantee that is not separable from the loan before foreclosure; 2) at the time of foreclosure, the creditor has the intent to convey the real estate property to the guarantor and make a claim on the guarantee, and the creditor has the ability to recover under that claim; and 3) at the time of foreclosure, any amount of the claim that is determined on the basis of the fair value of the real estate is fixed. Upon foreclosure, the separate other receivable should be measured based on the amount of the loan balance expected to be recovered from the guarantor. The adoption of ASU 2014-14 on January 1, 2015 did not have a material impact on our consolidated financial statements.

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	9 Months Ended
	Sep. 30, 2015
Investments, Debt and Equity Securities [Abstract]
Summary of available for sale and held to maturity investment securities	A summary of available for sale and held to maturity investment securities are as follows: (dollars in thousands) Amortized Gross Gross Estimated Fair September 30, 2015 Held to Maturity: Mortgage-backed securities: Residential - U.S. Government sponsored entities $ 158,622 $ 195 $ (1,446 ) $ 157,371 Commercial - U.S. Government sponsored entities 96,097 1,074 (2 ) 97,169 Total $ 254,719 $ 1,269 $ (1,448 ) $ 254,540 Available for Sale: Debt securities: States and political subdivisions $ 188,229 $ 3,679 $ (1,475 ) $ 190,433 Corporate securities 103,117 1,612 (31 ) 104,698 Mortgage-backed securities: Residential - U.S. Government sponsored entities 760,884 10,043 (2,341 ) 768,586 Residential - Non-government agencies 66,560 2,452 — 69,012 Commercial - Non-government agencies 135,487 3,629 (355 ) 138,761 Other 823 69 — 892 Total $ 1,255,100 $ 21,484 $ (4,202 ) $ 1,272,382 December 31, 2014 Held to Maturity: Mortgage-backed securities: Residential - U.S. Government sponsored entities $ 140,741 $ 196 $ (2,150 ) $ 138,787 Commercial - U.S. Government sponsored entities 97,546 — (736 ) 96,810 Total $ 238,287 $ 196 $ (2,886 ) $ 235,597 Available for Sale: Debt securities: States and political subdivisions $ 191,280 $ 2,054 $ (1,689 ) $ 191,645 Corporate securities 99,237 1,492 (125 ) 100,604 Mortgage-backed securities: Residential - U.S. Government sponsored entities 744,527 11,064 (4,033 ) 751,558 Residential - Non-government agencies 45,275 1,510 (92 ) 46,693 Commercial - Non-government agencies 135,630 2,946 (935 ) 137,641 Other 757 120 — 877 Total $ 1,216,706 $ 19,186 $ (6,874 ) $ 1,229,018
Schedule of amortized cost and estimated fair value of investment securities by contractual maturity	The amortized cost and estimated fair value of investment securities at September 30, 2015 by contractual maturity are shown below. Expected maturities will differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties. September 30, 2015 (dollars in thousands) Amortized Estimated Fair Held to Maturity Mortage-backed securities: Residential - U.S. Government sponsored entities $ 158,622 $ 157,371 Commercial - U.S. Government sponsored entities 96,097 97,169 Total $ 254,719 $ 254,540 Available for Sale Due in one year or less $ 7,559 $ 7,690 Due after one year through five years 98,871 100,540 Due after five years through ten years 82,352 83,760 Due after ten years 102,564 103,141 Mortage-backed securities: Residential - U.S. Government sponsored entities 760,884 768,586 Residential - Non-government agencies 66,560 69,012 Commercial - Non-government agencies 135,487 138,761 Other 823 892 Total $ 1,255,100 $ 1,272,382
Schedule of investment securities in an unrealized loss position	Provided below is a summary of the 138 and 195 investment securities which were in an unrealized loss position at September 30, 2015 and December 31, 2014 , respectively. Less than 12 months 12 months or longer Total Unrealized Unrealized Unrealized (dollars in thousands) Fair Value Losses Fair Value Losses Fair Value Losses September 30, 2015 Debt securities: States and political subdivisions $ 36,426 $ (706 ) $ 19,410 $ (769 ) $ 55,836 $ (1,475 ) Corporate securities 10,753 (31 ) — — 10,753 (31 ) Mortgage-backed securities: Residential - U.S. Government sponsored entities 344,484 (2,500 ) 85,081 (1,287 ) 429,565 (3,787 ) Commercial - U.S. Government sponsored entities 9,723 (2 ) — — 9,723 (2 ) Commercial - Non-government agencies 33,484 (256 ) 4,706 (99 ) 38,190 (355 ) Total temporarily impaired securities $ 434,870 $ (3,495 ) $ 109,197 $ (2,155 ) $ 544,067 $ (5,650 ) December 31, 2014 Debt securities: States and political subdivisions $ 23,591 $ (145 ) $ 68,622 $ (1,544 ) $ 92,213 $ (1,689 ) Corporate securities 23,938 (125 ) — — 23,938 (125 ) Mortgage-backed securities: Residential - U.S. Government sponsored entities 107,755 (487 ) 318,571 (5,696 ) 426,326 (6,183 ) Residential - Non-government agencies 15,895 (92 ) — — 15,895 (92 ) Commercial - U.S. Government sponsored entities 11,455 (34 ) 85,355 (702 ) 96,810 (736 ) Commercial - Non-government agencies 4,962 (8 ) 47,539 (927 ) 52,501 (935 ) Total temporarily impaired securities $ 187,596 $ (891 ) $ 520,087 $ (8,869 ) $ 707,683 $ (9,760 )

LOANS AND LEASES (Tables)

LOANS AND LEASES (Tables)	9 Months Ended
	Sep. 30, 2015
Receivables [Abstract]
Schedule of loans and leases, excluding loans held for sale	Loans and leases, excluding loans held for sale, consisted of the following: (dollars in thousands) September 30, December 31, Commercial, financial and agricultural $ 505,907 $ 463,070 Real estate: Construction 75,632 115,023 Mortgage - residential 1,382,835 1,280,089 Mortgage - commercial 737,816 704,099 Consumer 396,670 365,662 Leases 1,123 3,140 3,099,983 2,931,083 Net deferred costs 1,480 1,115 Total loans and leases $ 3,101,463 $ 2,932,198
Schedule of balance in the allowance for loan and lease losses and the recorded investment in loans and leases based on the impairment measurement methods, by class	The following table presents by class, the balance in the allowance for loan and lease losses and the recorded investment in loans and leases based on the Company’s impairment measurement method as of September 30, 2015 and December 31, 2014 : Real Estate (dollars in thousands) Commercial, Financial & Agricultural Construction Mortgage -Residential Mortgage -Commercial Consumer Leases Total September 30, 2015 Allowance for loan and lease losses: Ending balance attributable to loans: Individually evaluated for impairment $ — $ — $ — $ — $ — $ — $ — Collectively evaluated for impairment 7,610 8,251 17,973 21,565 7,745 63,144 7,610 8,251 17,973 21,565 7,745 — 63,144 Unallocated 3,500 Total ending balance $ 7,610 $ 8,251 $ 17,973 $ 21,565 $ 7,745 $ — $ 66,644 Loans and leases: Individually evaluated for impairment $ 3,384 $ 4,251 $ 24,079 $ 4,984 $ — $ — $ 36,698 Collectively evaluated for impairment 502,523 71,381 1,358,756 732,832 396,670 1,123 3,063,285 505,907 75,632 1,382,835 737,816 396,670 1,123 3,099,983 Net deferred costs (income) 636 (252 ) 2,451 (831 ) (524 ) — 1,480 Total ending balance $ 506,543 $ 75,380 $ 1,385,286 $ 736,985 $ 396,146 $ 1,123 $ 3,101,463 December 31, 2014 Allowance for loan and lease losses: Ending balance attributable to loans: Individually evaluated for impairment $ 1,533 $ — $ — $ — $ — $ — $ 1,533 Collectively evaluated for impairment 7,421 14,969 17,927 20,869 7,314 7 68,507 8,954 14,969 17,927 20,869 7,314 7 70,040 Unallocated 4,000 Total ending balance $ 8,954 $ 14,969 $ 17,927 $ 20,869 $ 7,314 $ 7 $ 74,040 Loans and leases: Individually evaluated for impairment $ 13,369 $ 4,888 $ 30,893 $ 23,126 $ — $ — $ 72,276 Collectively evaluated for impairment 449,701 110,135 1,249,196 680,973 365,662 3,140 2,858,807 463,070 115,023 1,280,089 704,099 365,662 3,140 2,931,083 Net deferred costs (income) 693 (469 ) 2,235 (826 ) (518 ) — 1,115 Total ending balance $ 463,763 $ 114,554 $ 1,282,324 $ 703,273 $ 365,144 $ 3,140 $ 2,932,198
Schedule of impaired loans, by class	The following table presents by class, impaired loans as of September 30, 2015 and December 31, 2014 : (dollars in thousands) Unpaid Recorded Allowance September 30, 2015 Impaired loans with no related allowance recorded: Commercial, financial & agricultural $ 5,023 $ 3,384 $ — Real estate: Construction 10,596 4,251 — Mortgage - residential 26,213 24,079 — Mortgage - commercial 4,984 4,984 — Total impaired loans with no related allowance recorded 46,816 36,698 — Impaired loans with an allowance recorded: Commercial, financial & agricultural — — — Total impaired loans with an allowance recorded — — — Total $ 46,816 $ 36,698 $ — December 31, 2014 Impaired loans with no related allowance recorded: Commercial, financial & agricultural $ 738 $ 738 $ — Real estate: Construction 11,275 4,888 — Mortgage - residential 34,131 30,893 — Mortgage - commercial 30,249 23,126 — Total impaired loans with no related allowance recorded 76,393 59,645 — Impaired loans with an allowance recorded: Commercial, financial & agricultural 16,630 12,631 1,533 Total impaired loans with an allowance recorded 16,630 12,631 1,533 Total $ 93,023 $ 72,276 $ 1,533
Schedule of average recorded investment and interest income recognized on impaired loans, by class	The following table presents by class, the average recorded investment and interest income recognized on impaired loans for the three and nine months ended September 30, 2015 and 2014 : Three Months Ended Nine Months Ended September 30, 2015 September 30, 2014 September 30, 2015 September 30, 2014 (dollars in thousands) Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Commercial, financial & agricultural $ 3,444 $ 4 $ 16,377 $ 6 $ 8,000 $ 14 $ 14,031 $ 17 Real estate: Construction 4,325 40 5,088 43 4,514 152 5,712 119 Mortgage - residential 25,466 87 31,460 85 27,245 81 33,762 522 Mortgage - commercial 8,464 15 19,195 137 15,884 354 17,147 252 Total $ 41,699 $ 146 $ 72,120 $ 271 $ 55,643 $ 601 $ 70,652 $ 910
Schedule of aging of the recorded investment in past due loans and leases, by class	For all loan types, the Company determines delinquency status by considering the number of days full payments required by the contractual terms of the loan are past due. The following table presents by class, the aging of the recorded investment in past due loans and leases as of September 30, 2015 and December 31, 2014 : (dollars in thousands) Accruing Accruing Accruing Nonaccrual Total Loans and Total September 30, 2015 Commercial, financial & agricultural $ 183 $ 544 $ — $ 3,056 $ 3,783 $ 502,760 $ 506,543 Real estate: Construction — — — — — 75,380 75,380 Mortgage - residential 463 249 — 6,301 7,013 1,378,273 1,385,286 Mortgage - commercial — 59 — 2,731 2,790 734,195 736,985 Consumer 1,049 381 130 — 1,560 394,586 396,146 Leases — — — — — 1,123 1,123 Total $ 1,695 $ 1,233 $ 130 $ 12,088 $ 15,146 $ 3,086,317 $ 3,101,463 December 31, 2014 Commercial, financial & agricultural $ 183 $ 85 $ — $ 13,007 $ 13,275 $ 450,488 $ 463,763 Real estate: Construction — — — 310 310 114,244 114,554 Mortgage - residential 3,078 379 — 13,048 16,505 1,265,819 1,282,324 Mortgage - commercial 68 — — 12,722 12,790 690,483 703,273 Consumer 1,500 417 77 — 1,994 363,150 365,144 Leases — — — — — 3,140 3,140 Total $ 4,829 $ 881 $ 77 $ 39,087 $ 44,874 $ 2,887,324 $ 2,932,198
Schedule of information related to loans modified in a TDR, by class	The following table presents by class, information related to loans modified in a TDR during the nine months ended September 30, 2015 and the three and nine months ended September 30, 2014 . No loans were modified in a TDR during the three months ended September 31, 2015. (dollars in thousands) Number Recorded Increase Nine Months Ended September 30, 2015 Commercial, financial & agricultural 1 $ 512 $ — Real estate: Mortgage - residential 1 957 — Total 2 $ 1,469 $ — Three Months Ended September 30, 2014 Real estate: Mortgage - residential 3 $ 220 $ — Nine Months Ended September 30, 2014 Real estate: Mortgage - residential 12 $ 806 $ —
Schedule of recorded investment in loans and leases, by class and credit indicator	Loans and leases not meeting the criteria above are considered to be pass-rated. The following table presents by class and credit indicator, the recorded investment in the Company’s loans and leases as of September 30, 2015 and December 31, 2014 : (dollars in thousands) Pass Special Substandard Loss Subtotal Net Total September 30, 2015 Commercial, financial & agricultural $ 495,865 $ 3,700 $ 6,342 $ — $ 505,907 $ 636 $ 506,543 Real estate: Construction 73,515 1,304 813 — 75,632 (252 ) 75,380 Mortgage - residential 1,376,321 — 6,514 — 1,382,835 2,451 1,385,286 Mortgage - commercial 706,215 17,869 13,732 — 737,816 (831 ) 736,985 Consumer 396,441 100 94 35 396,670 (524 ) 396,146 Leases 1,123 — — — 1,123 — 1,123 Total $ 3,049,480 $ 22,973 $ 27,495 $ 35 $ 3,099,983 $ 1,480 $ 3,101,463 December 31, 2014 Commercial, financial & agricultural $ 432,892 $ 14,655 $ 15,523 $ — $ 463,070 $ 693 $ 463,763 Real estate: Construction 111,370 — 3,653 — 115,023 (469 ) 114,554 Mortgage - residential 1,265,470 352 14,267 — 1,280,089 2,235 1,282,324 Mortgage - commercial 660,492 10,498 33,109 — 704,099 (826 ) 703,273 Consumer 365,332 294 36 — 365,662 (518 ) 365,144 Leases 3,140 — — — 3,140 — 3,140 Total $ 2,838,696 $ 25,799 $ 66,588 $ — $ 2,931,083 $ 1,115 $ 2,932,198

ALLOWANCE FOR LOAN AND LEASE 30

ALLOWANCE FOR LOAN AND LEASE LOSSES (Tables)	9 Months Ended
	Sep. 30, 2015
ALLOWANCE FOR LOAN AND LEASE LOSSES
Schedule of activity in the allowance, by class	The following table presents by class, the activity in the Allowance for the periods indicated: Real estate Commercial, Financial & Agricultural Construction Mortgage - Residential Mortgage - Commercial Consumer Leases Unallocated Total Three Months Ended September 30, 2015 Beginning balance $ 7,569 $ 10,670 $ 17,846 $ 20,008 $ 7,330 $ 1 $ 3,500 $ 66,924 Provision (credit) for loan and lease losses (293 ) (2,702 ) (23 ) (1,573 ) 972 (28 ) — (3,647 ) 7,276 7,968 17,823 18,435 8,302 (27 ) 3,500 63,277 Charge-offs 170 — 46 — 874 — — 1,090 Recoveries 504 283 196 3,130 317 27 — 4,457 Net charge-offs (recoveries) (334 ) (283 ) (150 ) (3,130 ) 557 (27 ) — (3,367 ) Ending balance $ 7,610 $ 8,251 $ 17,973 $ 21,565 $ 7,745 $ — $ 3,500 $ 66,644 Three Months Ended September 30, 2014 Beginning balance $ 12,255 $ 15,525 $ 19,198 $ 25,885 $ 6,723 $ 13 $ 4,000 $ 83,599 Provision (credit) for loan and lease losses (709 ) (1,728 ) (173 ) (1,372 ) 2,262 (2 ) — (1,722 ) 11,546 13,797 19,025 24,513 8,985 11 4,000 81,877 Charge-offs 471 — — — 928 — — 1,399 Recoveries 789 1,100 244 14 212 1 — 2,360 Net charge-offs (recoveries) (318 ) (1,100 ) (244 ) (14 ) 716 (1 ) — (961 ) Ending balance $ 11,864 $ 14,897 $ 19,269 $ 24,527 $ 8,269 $ 12 $ 4,000 $ 82,838 Nine Months Ended September 30, 2015 Beginning balance $ 8,954 $ 14,969 $ 17,927 $ 20,869 $ 7,314 $ 7 $ 4,000 $ 74,040 Provision (credit) for loan and lease losses (617 ) (7,588 ) (1,925 ) (6,009 ) 2,960 (34 ) (500 ) (13,713 ) 8,337 7,381 16,002 14,860 10,274 (27 ) 3,500 60,327 Charge-offs 5,104 — 110 — 3,929 — — 9,143 Recoveries 4,377 870 2,081 6,705 1,400 27 — 15,460 Net charge-offs (recoveries) 727 (870 ) (1,971 ) (6,705 ) 2,529 (27 ) — (6,317 ) Ending balance $ 7,610 $ 8,251 $ 17,973 $ 21,565 $ 7,745 $ — $ 3,500 $ 66,644 Nine Months Ended September 30, 2014 Beginning balance $ 13,196 $ 2,774 $ 25,272 $ 29,947 $ 6,576 $ 55 $ 6,000 $ 83,820 Provision (credit) for loan and lease losses (1,163 ) 10,279 (6,731 ) (4,419 ) 3,032 (41 ) (2,000 ) (1,043 ) 12,033 13,053 18,541 25,528 9,608 14 4,000 82,777 Charge-offs 2,142 — 139 1,041 2,063 8 — 5,393 Recoveries 1,973 1,844 867 40 724 6 — 5,454 Net charge-offs (recoveries) 169 (1,844 ) (728 ) 1,001 1,339 2 — (61 ) Ending balance $ 11,864 $ 14,897 $ 19,269 $ 24,527 $ 8,269 $ 12 $ 4,000 $ 82,838

INVESTMENTS IN UNCONSOLIDATED31

INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES (Tables)	9 Months Ended
	Sep. 30, 2015
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures [Abstract]
Schedule of investment in unconsolidated subsidiaries	The components of the Company’s investments in unconsolidated subsidiaries were as follows: (dollars in thousands) September 30, December 31, Investments in low income housing tax credit partnerships $ 2,958 $ 3,781 Trust preferred investments 2,792 2,792 Investments in affiliates 623 557 Other 116 116 $ 6,489 $ 7,246

OTHER INTANGIBLE ASSETS (Tables

OTHER INTANGIBLE ASSETS (Tables)	9 Months Ended
	Sep. 30, 2015
OTHER INTANGIBLE ASSETS
Schedule of fair market value and key assumptions used in determining the fair market value of our mortgage servicing rights	The following table presents the fair market value and key assumptions used in determining the fair market value of our mortgage servicing rights: Nine Months Ended September 30, (dollars in thousands) 2015 2014 Fair market value, beginning of period $ 19,975 $ 21,399 Fair market value, end of period 18,495 20,471 Weighted average discount rate 9.5 % 9.5 % Weighted average prepayment speed assumption 14.3 12.9
Schedule of gross carrying value and accumulated amortization related to intangible assets	The gross carrying value and accumulated amortization related to our intangible assets are presented below: September 30, 2015 December 31, 2014 (dollars in thousands) Gross Accumulated Net Gross Accumulated Net Core deposit premium $ 44,642 $ (36,619 ) $ 8,023 $ 44,642 $ (34,613 ) $ 10,029 Mortgage servicing rights 58,534 (40,360 ) 18,174 56,687 (37,019 ) 19,668 $ 103,176 $ (76,979 ) $ 26,197 $ 101,329 $ (71,632 ) $ 29,697 Other intangible assets include a core deposit premium and mortgage servicing rights. The following table presents changes in other intangible assets for the nine months ended September 30, 2015 : (dollars in thousands) Core Mortgage Total Balance, beginning of period $ 10,029 $ 19,668 $ 29,697 Additions — 1,847 1,847 Amortization (2,006 ) (3,341 ) (5,347 ) Balance, end of period $ 8,023 $ 18,174 $ 26,197
Schedule of estimated amortization expense	Based on the core deposit premium and mortgage servicing rights held as of September 30, 2015 , estimated amortization expense for the remainder of fiscal year 2015 , the next five succeeding fiscal years and all years thereafter are as follows: Estimated Amortization Expense (dollars in thousands) Core Deposit Premium Mortgage Servicing Rights Total 2015 (remainder) $ 669 $ 1,159 $ 1,828 2016 2,674 4,164 6,838 2017 2,674 3,156 5,830 2018 2,006 2,488 4,494 2019 — 1,906 1,906 2020 — 1,492 1,492 Thereafter — 3,809 3,809 $ 8,023 $ 18,174 $ 26,197

DERIVATIVES (Tables)

DERIVATIVES (Tables)	9 Months Ended
	Sep. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of the location of all assets and liabilities associated with derivative instruments within the consolidated balance sheets	The following table presents the location of all assets and liabilities associated with our derivative instruments within the consolidated balance sheets: Asset Derivatives Liability Derivatives Fair Value at Fair Value at Derivatives Not Designated Balance Sheet September 30, 2015 December 31, 2014 September 30, 2015 December 31, 2014 (dollars in thousands) Interest rate contracts Other assets / other liabilities $ 185 $ 504 $ 181 $ 122
Schedule of the impact of derivative instruments and their location within the consolidated statements of income	The following table presents the impact of derivative instruments and their location within the consolidated statements of income: Derivatives Not in Cash Flow Location of Gain (Loss) Amount of Gain (Loss) (dollars in thousands) Three Months Ended September 30, 2015 Interest rate contracts Other operating income $ (646 ) Three Months Ended September 30, 2014 Interest rate contracts Other operating income 66 Nine Months Ended September 30, 2015 Interest rate contracts Other operating income (378 ) Nine Months Ended September 30, 2014 Interest rate contracts Other operating income 419

SHARE-BASED COMPENSATION (Table

SHARE-BASED COMPENSATION (Tables)	9 Months Ended
	Sep. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of activity of restricted stock awards and units	The table below presents the activity of restricted stock awards and units for the nine months ended September 30, 2015 : Shares Weighted Nonvested restricted stock awards and units, beginning of period 715,460 $ 15.77 Changes during the period: Granted 172,989 19.49 Vested (338,117 ) 15.18 Forfeited (78,155 ) 16.63 Nonvested restricted stock awards and units, end of period 472,177 17.41

ACCUMULATED OTHER COMPREHENSI35

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	9 Months Ended
	Sep. 30, 2015
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of components of other comprehensive income (loss)	The following table presents the components of other comprehensive income for the three and nine months ended September 30, 2015 and 2014 , by component: (dollars in thousands) Before Tax Tax Effect Net of Tax Three Months Ended September 30, 2015 Net unrealized losses on investment securities: Net unrealized losses arising during the period $ 12,561 $ 4,998 $ 7,563 Less: Reclassification adjustment for losses realized in net income — — — Net unrealized losses on investment securities 12,561 4,998 7,563 Defined benefit plans: Amortization of net actuarial losses 419 165 254 Amortization of net transition obligation 4 2 2 Amortization of prior service cost 5 2 3 Defined benefit plans, net 428 169 259 Other comprehensive loss $ 12,989 $ 5,167 $ 7,822 Three Months Ended September 30, 2014 Net unrealized gains on investment securities: Net unrealized gains arising during the period $ (2,562 ) $ (897 ) $ (1,665 ) Less: Reclassification adjustment for losses realized in net income — — — Net unrealized gains on investment securities (2,562 ) (897 ) (1,665 ) Defined benefit plans: Amortization of net actuarial losses 305 100 205 Amortization of net transition obligation 4 1 3 Amortization of prior service cost 5 1 4 Defined benefit plans, net 314 102 212 Other comprehensive income $ (2,248 ) $ (795 ) $ (1,453 ) (dollars in thousands) Before Tax Tax Effect Net of Tax Nine Months Ended September 30, 2015 Net unrealized losses on investment securities: Net unrealized losses arising during the period $ 3,285 $ 1,306 $ 1,979 Less: Reclassification adjustment for losses realized in net income 1,866 743 1,123 Net unrealized losses on investment securities 5,151 2,049 3,102 Defined benefit plans: Amortization of net actuarial losses 1,260 499 761 Amortization of net transition obligation 12 7 5 Amortization of prior service cost 15 6 9 Defined benefit plans, net 1,287 512 775 Other comprehensive loss $ 6,438 $ 2,561 $ 3,877 Nine Months Ended September 30, 2014 Net unrealized gains on investment securities: Net unrealized gains arising during the period $ 29,323 $ 11,744 $ 17,579 Less: Reclassification adjustment for losses realized in net income 1,071 429 642 Net unrealized gains on investment securities 30,394 12,173 18,221 Defined benefit plans: Amortization of net actuarial losses 915 343 572 Amortization of net transition obligation 12 5 7 Amortization of prior service cost 15 5 10 Defined benefit plans, net 942 353 589 Other comprehensive income $ 31,336 $ 12,526 $ 18,810
Schedule of changes in each component of AOCI, net of tax	The following table presents the changes in each component of AOCI, net of tax, for the three and nine months ended September 30, 2015 and 2014 : (dollars in thousands) Investment Defined Accumulated Three Months Ended September 30, 2015 Balance at beginning of period $ 9,125 $ (9,911 ) $ (786 ) Other comprehensive loss before reclassifications 7,563 — 7,563 Amounts reclassified from AOCI — 259 259 Total other comprehensive income (loss) 7,563 259 7,822 Balance at end of period $ 16,688 $ (9,652 ) $ 7,036 Three Months Ended September 30, 2014 Balance at beginning of period $ 10,761 $ (6,343 ) $ 4,418 Other comprehensive income before reclassifications (1,665 ) — (1,665 ) Amounts reclassified from AOCI — 212 212 Total other comprehensive income (1,665 ) 212 (1,453 ) Balance at end of period $ 9,096 $ (6,131 ) $ 2,965 Nine Months Ended September 30, 2015 Balance at beginning of period $ 13,586 $ (10,427 ) $ 3,159 Other comprehensive loss before reclassifications 1,979 — 1,979 Amounts reclassified from AOCI 1,123 775 1,898 Total other comprehensive income (loss) 3,102 775 3,877 Balance at end of period $ 16,688 $ (9,652 ) $ 7,036 Nine Months Ended September 30, 2014 Balance at beginning of period $ (9,125 ) $ (6,720 ) $ (15,845 ) Other comprehensive income before reclassifications 17,579 — 17,579 Amounts reclassified from AOCI 642 589 1,231 Total other comprehensive income 18,221 589 18,810 Balance at end of period $ 9,096 $ (6,131 ) $ 2,965
Schedule of amounts reclassified out of each component of AOCI	The following table presents the amounts reclassified out of each component of AOCI for the three and nine months ended September 30, 2015 and 2014 : Amount Reclassified from AOCI Affected Line Item in the Statement Where Net Income is Presented Details about AOCI Components Three months ended September 30, (dollars in thousands) 2015 2014 Sale of investment securities available for sale $ — $ — Investment securities gains (losses) — — Tax benefit $ — $ — Net of tax Amortization of defined benefit plan items Net actuarial losses $ (419 ) $ (305 ) (1) Net transition obligation (4 ) (4 ) (1) Prior service cost (5 ) (5 ) (1) (428 ) (314 ) Total before tax 169 102 Tax benefit $ (259 ) $ (212 ) Net of tax Total reclassifications for the period $ (259 ) $ (212 ) Net of tax Amount Reclassified from AOCI Affected Line Item in the Statement Where Net Income is Presented Details about AOCI Components Nine months ended September 30, (dollars in thousands) 2015 2014 Sale of investment securities available for sale $ (1,866 ) $ (1,071 ) Investment securities gains (losses) 743 429 Tax benefit $ (1,123 ) $ (642 ) Net of tax Amortization of defined benefit plan items Net actuarial losses $ (1,260 ) $ (915 ) (1) Net transition obligation (12 ) (12 ) (1) Prior service cost (15 ) (15 ) (1) (1,287 ) (942 ) Total before tax 512 353 Tax benefit $ (775 ) $ (589 ) Net of tax Total reclassifications for the period $ (1,898 ) $ (1,231 ) Net of tax (1) These accumulated other comprehensive income components are included in the computation of net periodic pension cost (see Note 14 for additional details).

PENSION AND SUPPLEMENTAL EXEC36

PENSION AND SUPPLEMENTAL EXECUTIVE RETIREMENT PLANS (Tables)	9 Months Ended
	Sep. 30, 2015
Pension Plan
PENSION PLANS
Schedule of components of net periodic benefit cost	The following table sets forth the components of net periodic benefit cost for the Pension Plan: Three Months Ended Nine Months Ended (dollars in thousands) 2015 2014 2015 2014 Interest cost $ 349 $ 366 $ 1,045 $ 1,098 Expected return on plan assets (471 ) (524 ) (1,415 ) (1,572 ) Amortization of net actuarial losses 392 304 1,178 912 Net periodic cost $ 270 $ 146 $ 808 $ 438
SERPs
PENSION PLANS
Schedule of components of net periodic benefit cost	The following table sets forth the components of net periodic benefit cost for the SERPs: Three Months Ended Nine Months Ended (dollars in thousands) 2015 2014 2015 2014 Interest cost $ 110 $ 113 $ 330 $ 339 Amortization of net actuarial losses 27 1 82 3 Amortization of net transition obligation 4 4 12 12 Amortization of prior service cost 5 5 15 15 Net periodic cost $ 146 $ 123 $ 439 $ 369

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	9 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
Schedule of information used to compute basic and diluted earnings per share	The following table presents the information used to compute basic and diluted earnings per common share for the periods indicated: Three Months Ended Nine Months Ended 2015 2014 2015 2014 (in thousands, except per share data) Net income $ 12,206 $ 8,230 $ 34,936 $ 27,188 Weighted average shares outstanding - basic 31,331 35,863 32,548 37,943 Dilutive effect of employee stock options and awards 419 490 384 497 Weighted average shares outstanding - diluted 31,750 36,353 32,932 38,440 Basic earnings per share $ 0.39 $ 0.23 $ 1.07 $ 0.72 Diluted earnings per share $ 0.38 $ 0.23 $ 1.06 $ 0.71

FAIR VALUE OF FINANCIAL ASSET38

FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES (Tables)	9 Months Ended
	Sep. 30, 2015
Fair Value Disclosures [Abstract]
Schedule of carrying amount and estimated fair value of financial instruments	Fair Value Measurement Using (dollars in thousands) Carrying Estimated Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant September 30, 2015 Financial assets Cash and due from banks $ 69,628 $ 69,628 $ 69,628 $ — $ — Interest-bearing deposits in other banks 14,376 14,376 14,376 — — Investment securities 1,527,101 1,526,922 892 1,513,278 12,752 Loans held for sale 9,786 9,786 — — 9,786 Net loans and leases 3,034,819 2,991,526 — 36,698 2,954,828 Accrued interest receivable 13,779 13,779 13,779 — — Financial liabilities Deposits: Noninterest-bearing deposits 1,112,761 1,112,761 1,112,761 — — Interest-bearing demand and savings deposits 2,069,453 2,069,453 2,069,453 — — Time deposits 1,048,289 1,049,989 — — 1,049,989 Short-term debt 155,000 155,000 — 155,000 — Long-term debt 92,785 67,283 — 67,283 — Accrued interest payable (included in other liabilities) 962 962 962 — — Off-balance sheet financial instruments Commitments to extend credit 772,326 3,862 — 3,862 — Standby letters of credit and financial guarantees written 16,418 123 — 123 — Derivatives: Interest rate options 11,754 177 — 177 — Forward interest rate contracts 19,930 (173 ) — (173 ) —
Schedule of balances of assets and liabilities measured at fair value on a recurring basis	The following table presents the balances of assets and liabilities measured at fair value on a recurring basis as of September 30, 2015 and December 31, 2014 : Fair Value at Reporting Date Using (dollars in thousands) Fair Value Quoted Significant Significant September 30, 2015 Available for sale securities: Debt securities: States and political subdivisions $ 190,433 $ — $ 177,681 $ 12,752 Corporate securities 104,698 — 104,698 — Mortgage-backed securities: Residential - U.S. Government sponsored entities 768,586 — 768,586 — Residential - Non-government agencies 69,012 — 69,012 — Commerical - Non-government agencies 138,761 — 138,761 — Other 892 892 — — Total available for sale securities 1,272,382 892 1,258,738 12,752 Derivatives - Interest rate options and forward interest rate contracts 4 — 4 — Total $ 1,272,386 $ 892 $ 1,258,742 $ 12,752 December 31, 2014 Available for sale securities: Debt securities: States and political subdivisions $ 191,645 $ — $ 178,550 $ 13,095 Corporate securities 100,604 — 100,604 — Mortgage-backed securities: Residential - U.S. Government sponsored entities 751,558 — 751,558 — Residential - Non-government agencies 46,693 — 46,693 — Commerical - Non-government agencies 137,641 — 137,641 — Other 877 877 — — Total available for sale securities 1,229,018 877 1,215,046 13,095 Derivatives - Interest rate options and forward interest rate contracts 382 — 382 — Total $ 1,229,400 $ 877 $ 1,215,428 $ 13,095
Schedule of changes in Level 3 assets and liabilities measured at fair value on a recurring basis	For the nine months ended September 30, 2015 and 2014 , the changes in Level 3 assets and liabilities measured at fair value on a recurring basis are summarized as follows: (dollars in thousands) Available for Sale Balance at December 31, 2014 $ 13,095 Principal payments received (897 ) Unrealized net gain included in other comprehensive income 554 Balance at September 30, 2015 $ 12,752 Balance at December 31, 2013 $ 10,518 Principal payments received (202 ) Unrealized net gain included in other comprehensive income 74 Purchases 2,325 Balance at September 30, 2014 $ 12,715
Schedule of level of valuation assumptions used to determine the fair value of assets measured on a nonrecurring basis	For assets measured at fair value on a nonrecurring basis that were recorded at fair value on our balance sheet at September 30, 2015 and December 31, 2014 , the following table provides the level of valuation assumptions used to determine the respective fair values: Fair Value Measurements Using (dollars in thousands) Fair Value Quoted Prices Significant Significant September 30, 2015 Impaired loans (1) $ 36,698 $ — $ 36,698 $ — Other real estate (2) 1,913 1,913 December 31, 2014 Impaired loans (1) $ 70,743 $ — $ 70,743 $ — Other real estate (2) 2,948 — 2,948 — (1) Represents carrying value and related write-downs of loans for which adjustments are based on agreed upon purchase prices for the loans or the appraised value of the collateral. (2) Represents other real estate that is carried at the lower of carrying value or fair value less costs to sell. Fair value is generally based upon independent market prices or appraised values of the collateral.

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	9 Months Ended
	Sep. 30, 2015
Segment Reporting [Abstract]
Schedule of segment profits (losses) and assets	Segment profits and assets are provided in the following table for the periods indicated. (dollars in thousands) Banking Treasury All Others Total Three Months Ended September 30, 2015 Net interest income $ 29,424 $ 8,381 $ — $ 37,805 Intersegment net interest income (expense) 11,176 (7,477 ) (3,699 ) — Credit for loan and lease losses 3,647 — — 3,647 Other operating income 5,438 734 3,657 9,829 Other operating expense (14,291 ) (436 ) (17,448 ) (32,175 ) Administrative and overhead expense allocation (15,798 ) (245 ) 16,043 — Income tax (expense) benefit (6,859 ) (335 ) 294 (6,900 ) Net income (loss) $ 12,737 $ 622 $ (1,153 ) $ 12,206 Three Months Ended September 30, 2014 Net interest income $ 27,671 $ 7,861 $ — $ 35,532 Intersegment net interest income (expense) 11,619 (11,231 ) (388 ) — Credit for loan and lease losses 1,722 — — 1,722 Other operating income 6,264 1,453 3,746 11,463 Other operating expense (16,104 ) (509 ) (18,633 ) (35,246 ) Administrative and overhead expense allocation (15,823 ) (268 ) 16,091 — Income tax expense (5,749 ) 857 (349 ) (5,241 ) Net income $ 9,600 $ (1,837 ) $ 467 $ 8,230 (dollars in thousands) Banking Treasury All Others Total Nine Months Ended September 30, 2015 Net interest income $ 86,115 $ 25,219 $ — $ 111,334 Intersegment net interest income (expense) 32,826 (24,242 ) (8,584 ) — Credit for loan and lease losses 13,713 — — 13,713 Other operating income 17,892 439 10,812 29,143 Other operating expense (44,469 ) (1,407 ) (52,775 ) (98,651 ) Administrative and overhead expense allocation (43,839 ) (799 ) 44,638 — Income tax (expense) benefit (21,783 ) 276 904 (20,603 ) Net income (loss) $ 40,455 $ (514 ) $ (5,005 ) $ 34,936 Nine Months Ended September 30, 2014 Net interest income $ 81,214 $ 26,020 $ — $ 107,234 Intersegment net interest income (expense) 23,775 (24,950 ) 1,175 — Credit for loan and lease losses 1,043 — — 1,043 Other operating income 18,663 3,290 11,658 33,611 Other operating expense (45,794 ) (1,598 ) (52,672 ) (100,064 ) Administrative and overhead expense allocation (43,361 ) (807 ) 44,168 — Income tax expense (12,439 ) (684 ) (1,513 ) (14,636 ) Net income $ 23,101 $ 1,271 $ 2,816 $ 27,188

INVESTMENT SECURITIES (Availabl

INVESTMENT SECURITIES (Available for Sale and Held to Maturity Investment Securities) (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Held to Maturity:
Amortized Cost	$ 254,719	$ 238,287
Gross unrealized gains	1,269	196
Gross unrealized losses	(1,448)	(2,886)
Fair value	254,540	235,597
Available for Sale
Amortized cost	1,255,100	1,216,706
Gross unrealized gains	21,484	19,186
Gross unrealized losses	(4,202)	(6,874)
Fair value	1,272,382	1,229,018
Residential - U.S. Government sponsored entities
Held to Maturity:
Amortized Cost	158,622	140,741
Gross unrealized gains	195	196
Gross unrealized losses	(1,446)	(2,150)
Fair value	157,371	138,787
Available for Sale
Amortized cost	760,884	744,527
Gross unrealized gains	10,043	11,064
Gross unrealized losses	(2,341)	(4,033)
Fair value	768,586	751,558
Commercial - U.S. Government sponsored entities
Held to Maturity:
Amortized Cost	96,097	97,546
Gross unrealized gains	1,074	0
Gross unrealized losses	(2)	(736)
Fair value	97,169	96,810
States and political subdivisions
Available for Sale
Amortized cost	188,229	191,280
Gross unrealized gains	3,679	2,054
Gross unrealized losses	(1,475)	(1,689)
Fair value	190,433	191,645
Residential - Non-government agencies
Available for Sale
Amortized cost	66,560	45,275
Gross unrealized gains	2,452	1,510
Gross unrealized losses	0	(92)
Fair value	69,012	46,693
Commercial - Non-government agencies
Available for Sale
Amortized cost	135,487	135,630
Gross unrealized gains	3,629	2,946
Gross unrealized losses	(355)	(935)
Fair value	138,761	137,641
Corporate securities
Available for Sale
Amortized cost	103,117	99,237
Gross unrealized gains	1,612	1,492
Gross unrealized losses	(31)	(125)
Fair value	104,698	100,604
Other
Available for Sale
Amortized cost	823	757
Gross unrealized gains	69	120
Gross unrealized losses	0	0
Fair value	$ 892	$ 877

INVESTMENT SECURITIES (Amortize

INVESTMENT SECURITIES (Amortized Cost and Estimated Fair Value of Investment Securities) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Held to Maturity, Amortized Cost
Mortgage-backed securities			$ 254,719
Held to Maturity, Estimated Fair Value
Mortgage-backed securities			254,540
Available for Sale, Amortized Cost
Due in one year or less			7,559
Due after one year through five years			98,871
Due after five years through ten years			82,352
Due after ten years			102,564
Total			1,255,100
Available for Sale, Estimated Fair Value
Due in one year or less			7,690
Due after one year through five years			100,540
Due after five years through ten years			83,760
Due after ten years			103,141
Available for sale, at fair value			1,272,382		$ 1,229,018
Available for sale
Average yield held to maturity	1.35%
Weighted average life of held to maturity	4 years 4 months 24 days
Investment in held to maturity investments	$ 117,500
Investment in available-for-sale securities	$ 137,400
Average net yield of available for sale securities sold	2.68%
Weighted average life of available for sale securities sold	7 years 6 months
Gross proceeds from sale of available for sale investment securities		$ 162,500	117,496	$ 162,470
Gross realized gains on the sales of the available for sale investment securities		900
Gross realized losses on the sales of the available for sale investment securities	$ 1,900	$ 700
Investment securities pledged to party with no right to sell or repledge the collateral			1,010,000		900,500
Residential - U.S. Government sponsored entities
Held to Maturity, Amortized Cost
Mortgage-backed securities			158,622
Held to Maturity, Estimated Fair Value
Mortgage-backed securities			157,371
Available for Sale, Amortized Cost
Mortgage-backed securities			760,884
Available for Sale, Estimated Fair Value
Mortgage-backed securities			768,586
Available for sale, at fair value			768,586		751,558
Commercial - U.S. Government sponsored entities
Held to Maturity, Amortized Cost
Mortgage-backed securities			96,097
Held to Maturity, Estimated Fair Value
Mortgage-backed securities			97,169
Residential - Non-government agencies
Available for Sale, Amortized Cost
Mortgage-backed securities			66,560
Available for Sale, Estimated Fair Value
Mortgage-backed securities			69,012
Available for sale, at fair value			69,012		46,693
Commercial - Non-government agencies
Available for Sale, Amortized Cost
Mortgage-backed securities			135,487
Available for Sale, Estimated Fair Value
Mortgage-backed securities			138,761
Available for sale, at fair value			138,761		137,641
Other
Available for Sale, Amortized Cost
Other			823
Available for Sale, Estimated Fair Value
Other			892
Available for sale, at fair value			$ 892		$ 877

INVESTMENT SECURITIES (Investme

INVESTMENT SECURITIES (Investment Securities at an Unrealized Loss Position) (Details) $ in Thousands	Sep. 30, 2015USD ($)security	Dec. 31, 2014USD ($)security
Investments, Debt and Equity Securities [Abstract]
Number of investment securities in an unrealized loss position | security	138	195
Total temporary impaired securities
Less than 12 months, Fair Value	$ 434,870	$ 187,596
Less than 12 months, Unrealized Losses	(3,495)	(891)
12 months or longer, Fair Value	109,197	520,087
12 months or longer, Unrealized Losses	(2,155)	(8,869)
Total, Fair Value	544,067	707,683
Total, Unrealized Losses	(5,650)	(9,760)
States and political subdivisions
Total temporary impaired securities
Less than 12 months, Fair Value	36,426	23,591
Less than 12 months, Unrealized Losses	(706)	(145)
12 months or longer, Fair Value	19,410	68,622
12 months or longer, Unrealized Losses	(769)	(1,544)
Total, Fair Value	55,836	92,213
Total, Unrealized Losses	(1,475)	(1,689)
Corporate securities
Total temporary impaired securities
Less than 12 months, Fair Value	10,753	23,938
Less than 12 months, Unrealized Losses	(31)	(125)
12 months or longer, Fair Value	0	0
12 months or longer, Unrealized Losses	0	0
Total, Fair Value	10,753	23,938
Total, Unrealized Losses	(31)	(125)
Residential - U.S. Government sponsored entities
Total temporary impaired securities
Less than 12 months, Fair Value	344,484	107,755
Less than 12 months, Unrealized Losses	(2,500)	(487)
12 months or longer, Fair Value	85,081	318,571
12 months or longer, Unrealized Losses	(1,287)	(5,696)
Total, Fair Value	429,565	426,326
Total, Unrealized Losses	(3,787)	(6,183)
Commercial - U.S. Government sponsored entities
Total temporary impaired securities
Less than 12 months, Fair Value	9,723	11,455
Less than 12 months, Unrealized Losses	(2)	(34)
12 months or longer, Fair Value	0	85,355
12 months or longer, Unrealized Losses	0	(702)
Total, Fair Value	9,723	96,810
Total, Unrealized Losses	(2)	(736)
Residential - Non-government agencies
Total temporary impaired securities
Less than 12 months, Fair Value		15,895
Less than 12 months, Unrealized Losses		(92)
12 months or longer, Fair Value		0
12 months or longer, Unrealized Losses		0
Total, Fair Value		15,895
Total, Unrealized Losses		(92)
Commercial - Non-government agencies
Total temporary impaired securities
Less than 12 months, Fair Value	33,484	4,962
Less than 12 months, Unrealized Losses	(256)	(8)
12 months or longer, Fair Value	4,706	47,539
12 months or longer, Unrealized Losses	(99)	(927)
Total, Fair Value	38,190	52,501
Total, Unrealized Losses	$ (355)	$ (935)

LOANS AND LEASES (Loans and Lea

LOANS AND LEASES (Loans and Leases) (Details)	1 Months Ended			3 Months Ended			9 Months Ended
	Aug. 31, 2015USD ($)	Jun. 30, 2015USD ($)	May. 31, 2014USD ($)	Sep. 30, 2015USD ($)loan	Jun. 30, 2015USD ($)loan	Mar. 31, 2015loan	Sep. 30, 2015USD ($)loan	Sep. 30, 2014USD ($)loan	Dec. 31, 2014USD ($)
LOANS AND LEASES
Commitments to lend additional funds				$ 0			$ 0
Loans and leases, gross				3,099,983,000			3,099,983,000		$ 2,931,083,000
Net deferred costs				1,480,000			1,480,000		1,115,000
Total loans and leases				$ 3,101,463,000			$ 3,101,463,000		2,932,198,000
Number of collateral portfolio loans transferred to other real estate | loan							7	4
Carrying value of collateral portfolio loans transferred to other real estate							$ 2,100,000
Number of collateral portfolio loans transferred to held-for-sale category | loan				0	2	0
Net reclassification of loans to other real estate							5,679,000	$ 1,752,000
Loans past due				$ 15,146,000			15,146,000		44,874,000
Carrying value of collateral portfolio loans transferred to held-for-sale category					$ 6,600,000		6,658,000	$ 0
Number of loans sold | loan								0
Auto Loan Portfolio
LOANS AND LEASES
Carrying value of loan purchased	$ 24,700,000	$ 28,100,000	$ 11,200,000
Premium value of loan purchased	800,000	1,000,000	300,000
Outstanding value of loan purchased	$ 23,900,000	$ 27,100,000	$ 10,900,000
Weighted average remaining term	68 months	79 months	71 months
Student Loan Portfolio
LOANS AND LEASES
Carrying value of loan purchased			$ 51,500,000
Weighted average remaining term			123 months
Commercial, financial & agricultural
LOANS AND LEASES
Loans and leases, gross				505,907,000			505,907,000		463,070,000
Net deferred costs				636,000			636,000		693,000
Total loans and leases				506,543,000			506,543,000		463,763,000
Loans past due				3,783,000			3,783,000		13,275,000
Real estate, construction
LOANS AND LEASES
Loans and leases, gross				75,632,000			75,632,000		115,023,000
Net deferred costs				(252,000)			(252,000)		(469,000)
Total loans and leases				75,380,000			75,380,000		114,554,000
Loans past due				0			0		310,000
Real estate, Mortgage - residential
LOANS AND LEASES
Loans and leases, gross				1,382,835,000			1,382,835,000		1,280,089,000
Net deferred costs				2,451,000			2,451,000		2,235,000
Total loans and leases				1,385,286,000			1,385,286,000		1,282,324,000
Loans past due				7,013,000			7,013,000		16,505,000
Real estate, Mortgage - commercial
LOANS AND LEASES
Loans and leases, gross				737,816,000			737,816,000		704,099,000
Net deferred costs				(831,000)			(831,000)		(826,000)
Total loans and leases				736,985,000			736,985,000		703,273,000
Loans past due				2,790,000			2,790,000		12,790,000
Consumer
LOANS AND LEASES
Loans and leases, gross				396,670,000			396,670,000		365,662,000
Net deferred costs				(524,000)			(524,000)		(518,000)
Total loans and leases				396,146,000			396,146,000		365,144,000
Loans past due				1,560,000			1,560,000		1,994,000
Leases
LOANS AND LEASES
Loans and leases, gross				1,123,000			1,123,000		3,140,000
Net deferred costs				0			0		0
Total loans and leases				1,123,000			1,123,000		3,140,000
Loans past due				0			0		0
Accruing Loans Greater Than 90 Days Past Due
LOANS AND LEASES
Loans past due				0			0		0
Accruing Loans 30 - 59 Days Past Due
LOANS AND LEASES
Loans past due				1,695,000			1,695,000		4,829,000
Accruing Loans 30 - 59 Days Past Due | Commercial, financial & agricultural
LOANS AND LEASES
Loans past due				183,000			183,000		183,000
Accruing Loans 30 - 59 Days Past Due | Real estate, construction
LOANS AND LEASES
Loans past due				0			0		0
Accruing Loans 30 - 59 Days Past Due | Real estate, Mortgage - residential
LOANS AND LEASES
Loans past due				463,000			463,000		3,078,000
Accruing Loans 30 - 59 Days Past Due | Real estate, Mortgage - commercial
LOANS AND LEASES
Loans past due				0			0		68,000
Accruing Loans 30 - 59 Days Past Due | Consumer
LOANS AND LEASES
Loans past due				1,049,000			1,049,000		1,500,000
Accruing Loans 30 - 59 Days Past Due | Leases
LOANS AND LEASES
Loans past due				$ 0			$ 0		$ 0

LOANS AND LEASES (Allowance for

LOANS AND LEASES (Allowance for Loan and Lease Losses) (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Jun. 30, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Dec. 31, 2013
Allowance for loan and lease losses:
Total ending balance	$ 66,644	$ 66,924	$ 74,040	$ 82,838	$ 83,599	$ 83,820
Loans and leases :
Individually evaluated for impairment	36,698		72,276
Collectively evaluated for impairment	3,063,285		2,858,807
Loans and leases	3,099,983		2,931,083
Net deferred costs	1,480		1,115
Total loans and leases	3,101,463		2,932,198
Allocated
Allowance for loan and lease losses:
Ending balance attributable to loans : Individually evaluated for impairment	0		1,533
Ending balance attributable to loans : Collectively evaluated for impairment	63,144		68,507
Total ending balance	63,144		70,040
Commercial, financial & agricultural
Allowance for loan and lease losses:
Ending balance attributable to loans : Individually evaluated for impairment	0		1,533
Ending balance attributable to loans : Collectively evaluated for impairment	7,610		7,421
Total ending balance	7,610	7,569	8,954	11,864	12,255	13,196
Loans and leases :
Individually evaluated for impairment	3,384		13,369
Collectively evaluated for impairment	502,523		449,701
Loans and leases	505,907		463,070
Net deferred costs	636		693
Total loans and leases	506,543		463,763
Real estate, construction
Allowance for loan and lease losses:
Ending balance attributable to loans : Individually evaluated for impairment	0		0
Ending balance attributable to loans : Collectively evaluated for impairment	8,251		14,969
Total ending balance	8,251	10,670	14,969	14,897	15,525	2,774
Loans and leases :
Individually evaluated for impairment	4,251		4,888
Collectively evaluated for impairment	71,381		110,135
Loans and leases	75,632		115,023
Net deferred costs	(252)		(469)
Total loans and leases	75,380		114,554
Real estate, Mortgage - residential
Allowance for loan and lease losses:
Ending balance attributable to loans : Individually evaluated for impairment	0		0
Ending balance attributable to loans : Collectively evaluated for impairment	17,973		17,927
Total ending balance	17,973	17,846	17,927	19,269	19,198	25,272
Loans and leases :
Individually evaluated for impairment	24,079		30,893
Collectively evaluated for impairment	1,358,756		1,249,196
Loans and leases	1,382,835		1,280,089
Net deferred costs	2,451		2,235
Total loans and leases	1,385,286		1,282,324
Real estate, Mortgage - commercial
Allowance for loan and lease losses:
Ending balance attributable to loans : Individually evaluated for impairment	0		0
Ending balance attributable to loans : Collectively evaluated for impairment	21,565		20,869
Total ending balance	21,565	20,008	20,869	24,527	25,885	29,947
Loans and leases :
Individually evaluated for impairment	4,984		23,126
Collectively evaluated for impairment	732,832		680,973
Loans and leases	737,816		704,099
Net deferred costs	(831)		(826)
Total loans and leases	736,985		703,273
Consumer
Allowance for loan and lease losses:
Ending balance attributable to loans : Individually evaluated for impairment	0		0
Ending balance attributable to loans : Collectively evaluated for impairment	7,745		7,314
Total ending balance	7,745	7,330	7,314	8,269	6,723	6,576
Loans and leases :
Individually evaluated for impairment	0		0
Collectively evaluated for impairment	396,670		365,662
Loans and leases	396,670		365,662
Net deferred costs	(524)		(518)
Total loans and leases	396,146		365,144
Leases
Allowance for loan and lease losses:
Ending balance attributable to loans : Individually evaluated for impairment	$ 0		0
Ending balance attributable to loans : Collectively evaluated for impairment			7
Total ending balance	$ 0	1	7	12	13	55
Loans and leases :
Individually evaluated for impairment	0		0
Collectively evaluated for impairment	1,123		3,140
Loans and leases	1,123		3,140
Net deferred costs	0		0
Total loans and leases	1,123		3,140
Unallocated
Allowance for loan and lease losses:
Total ending balance	$ 3,500	$ 3,500	$ 4,000	$ 4,000	$ 4,000	$ 6,000

LOANS AND LEASES (Impaired Loan

LOANS AND LEASES (Impaired Loans) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Unpaid Principal Balance
Impaired loans with no related allowance recorded	$ 46,816		$ 46,816		$ 76,393
Impaired loans with an allowance recorded	0		0		16,630
Total	46,816		46,816		93,023
Recorded Investment
Impaired loans with no related allowance recorded	36,698		36,698		59,645
Impaired loans with an allowance recorded	0		0		12,631
Total	36,698		36,698		72,276
Allowance Allocated
Impaired loans with an allowance recorded	0		0		1,533
Average recorded investment on impaired loans
Average Recorded Investment	41,699	$ 72,120	55,643	$ 70,652
Interest income recognized on impaired loans
Interest Income Recognized	146	271	601	910
Commercial, financial & agricultural
Unpaid Principal Balance
Impaired loans with no related allowance recorded	5,023		5,023		738
Impaired loans with an allowance recorded	0		0		16,630
Recorded Investment
Impaired loans with no related allowance recorded	3,384		3,384		738
Impaired loans with an allowance recorded	0		0		12,631
Allowance Allocated
Impaired loans with an allowance recorded	0		0		1,533
Average recorded investment on impaired loans
Average Recorded Investment	3,444	16,377	8,000	14,031
Interest income recognized on impaired loans
Interest Income Recognized	4	6	14	17
Real estate, construction
Unpaid Principal Balance
Impaired loans with no related allowance recorded	10,596		10,596		11,275
Recorded Investment
Impaired loans with no related allowance recorded	4,251		4,251		4,888
Average recorded investment on impaired loans
Average Recorded Investment	4,325	5,088	4,514	5,712
Interest income recognized on impaired loans
Interest Income Recognized	40	43	152	119
Real estate, Mortgage - residential
Unpaid Principal Balance
Impaired loans with no related allowance recorded	26,213		26,213		34,131
Recorded Investment
Impaired loans with no related allowance recorded	24,079		24,079		30,893
Average recorded investment on impaired loans
Average Recorded Investment	25,466	31,460	27,245	33,762
Interest income recognized on impaired loans
Interest Income Recognized	87	85	81	522
Loans in the process of foreclosure			1,600
Real estate, Mortgage - commercial
Unpaid Principal Balance
Impaired loans with no related allowance recorded	4,984		4,984		30,249
Recorded Investment
Impaired loans with no related allowance recorded	4,984		4,984		$ 23,126
Average recorded investment on impaired loans
Average Recorded Investment	8,464	19,195	15,884	17,147
Interest income recognized on impaired loans
Interest Income Recognized	$ 15	$ 137	$ 354	$ 252

LOANS AND LEASES (Aging of Reco

LOANS AND LEASES (Aging of Recorded Investment) (Details) - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Financing Receivable, Recorded Investment, Past Due	$ 15,146,000	$ 44,874,000
Nonaccrual Loans	12,088,000	39,087,000
Loans and Leases Not Past Due	3,086,317,000	2,887,324,000
Total loans and leases	3,101,463,000	2,932,198,000
Commercial, financial & agricultural
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Financing Receivable, Recorded Investment, Past Due	3,783,000	13,275,000
Nonaccrual Loans	3,056,000	13,007,000
Loans and Leases Not Past Due	502,760,000	450,488,000
Total loans and leases	506,543,000	463,763,000
Real estate, construction
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Financing Receivable, Recorded Investment, Past Due	0	310,000
Nonaccrual Loans	0	310,000
Loans and Leases Not Past Due	75,380,000	114,244,000
Total loans and leases	75,380,000	114,554,000
Real estate, Mortgage - residential
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Financing Receivable, Recorded Investment, Past Due	7,013,000	16,505,000
Nonaccrual Loans	6,301,000	13,048,000
Loans and Leases Not Past Due	1,378,273,000	1,265,819,000
Total loans and leases	1,385,286,000	1,282,324,000
Real estate, Mortgage - commercial
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Financing Receivable, Recorded Investment, Past Due	2,790,000	12,790,000
Nonaccrual Loans	2,731,000	12,722,000
Loans and Leases Not Past Due	734,195,000	690,483,000
Total loans and leases	736,985,000	703,273,000
Consumer
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Financing Receivable, Recorded Investment, Past Due	1,560,000	1,994,000
Nonaccrual Loans	0	0
Loans and Leases Not Past Due	394,586,000	363,150,000
Total loans and leases	396,146,000	365,144,000
Leases
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Financing Receivable, Recorded Investment, Past Due	0	0
Nonaccrual Loans	0	0
Loans and Leases Not Past Due	1,123,000	3,140,000
Total loans and leases	1,123,000	3,140,000
Accruing Loans 30 - 59 Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Financing Receivable, Recorded Investment, Past Due	1,695,000	4,829,000
Accruing Loans 30 - 59 Days Past Due | Commercial, financial & agricultural
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Financing Receivable, Recorded Investment, Past Due	183,000	183,000
Accruing Loans 30 - 59 Days Past Due | Real estate, construction
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Financing Receivable, Recorded Investment, Past Due	0	0
Accruing Loans 30 - 59 Days Past Due | Real estate, Mortgage - residential
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Financing Receivable, Recorded Investment, Past Due	463,000	3,078,000
Accruing Loans 30 - 59 Days Past Due | Real estate, Mortgage - commercial
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Financing Receivable, Recorded Investment, Past Due	0	68,000
Accruing Loans 30 - 59 Days Past Due | Consumer
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Financing Receivable, Recorded Investment, Past Due	1,049,000	1,500,000
Accruing Loans 30 - 59 Days Past Due | Leases
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Financing Receivable, Recorded Investment, Past Due	0	0
Accruing Loans 60 - 89 Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Financing Receivable, Recorded Investment, Past Due	1,233,000	881,000
Accruing Loans 60 - 89 Days Past Due | Commercial, financial & agricultural
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Financing Receivable, Recorded Investment, Past Due	544,000	85,000
Accruing Loans 60 - 89 Days Past Due | Real estate, construction
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Financing Receivable, Recorded Investment, Past Due	0	0
Accruing Loans 60 - 89 Days Past Due | Real estate, Mortgage - residential
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Financing Receivable, Recorded Investment, Past Due	249,000	379,000
Accruing Loans 60 - 89 Days Past Due | Real estate, Mortgage - commercial
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Financing Receivable, Recorded Investment, Past Due	59,000	0
Accruing Loans 60 - 89 Days Past Due | Consumer
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Financing Receivable, Recorded Investment, Past Due	381,000	417,000
Accruing Loans 60 - 89 Days Past Due | Leases
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Financing Receivable, Recorded Investment, Past Due	0	0
Accruing Loans Greater Than 90 Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Financing Receivable, Recorded Investment, Past Due	0	0
Accruing Loans Greater Than 90 Days Past Due	130,000	77,000
Accruing Loans Greater Than 90 Days Past Due | Commercial, financial & agricultural
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Accruing Loans Greater Than 90 Days Past Due	0	0
Accruing Loans Greater Than 90 Days Past Due | Real estate, construction
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Accruing Loans Greater Than 90 Days Past Due	0	0
Accruing Loans Greater Than 90 Days Past Due | Real estate, Mortgage - residential
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Accruing Loans Greater Than 90 Days Past Due	0	0
Accruing Loans Greater Than 90 Days Past Due | Real estate, Mortgage - commercial
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Accruing Loans Greater Than 90 Days Past Due	0	0
Accruing Loans Greater Than 90 Days Past Due | Consumer
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Accruing Loans Greater Than 90 Days Past Due	130,000	77,000
Accruing Loans Greater Than 90 Days Past Due | Leases
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Accruing Loans Greater Than 90 Days Past Due	$ 0	$ 0

LOANS AND LEASES (Modifications

LOANS AND LEASES (Modifications) (Details)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2015USD ($)loan	Sep. 30, 2014USD ($)loancontract	Sep. 30, 2015USD ($)loancontract	Sep. 30, 2014USD ($)loancontract	Dec. 31, 2014USD ($)
Information related to loans modified in a TDR
Number of TDRs included in nonperforming assets | contract			2
Commitments to lend additional funds	$ 0		$ 0
Amount of TDRs still accruing interest	21,000,000		21,000,000		$ 29,500,000
Financing Receivable, Recorded Investment, Past Due	$ 15,146,000		$ 15,146,000		$ 44,874,000
Holding period limit for accruing interest on TDRs			90 days		90 days
Recorded Investment			$ 1,469,000
Loans modified as a TDR within the previous twelve months that subsequently defaulted
Number of loans were modified as a TDR within the previous twelve months that subsequently defaulted | loan	0	0	0	0
Real estate, Mortgage - residential
Information related to loans modified in a TDR
Number of TDRs included in nonperforming assets | contract		3	1	12
Recorded Investment		$ 220,000	$ 957,000	$ 806,000
Real estate, Mortgage - residential | HAWAII
Information related to loans modified in a TDR
Number of TDRs included in nonperforming assets | loan			24
Principal balances of troubled debt restructurings included in nonperforming assets	$ 3,700,000		$ 3,700,000
Commercial loans | HAWAII
Information related to loans modified in a TDR
Number of TDRs included in nonperforming assets | loan			2
Principal balances of troubled debt restructurings included in nonperforming assets	$ 800,000		$ 800,000
Commercial, financial & agricultural
Information related to loans modified in a TDR
Number of TDRs included in nonperforming assets | contract			1
Recorded Investment			$ 512,000

LOANS AND LEASES (Class and Cre

LOANS AND LEASES (Class and Credit Indicator) (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	$ 3,099,983	$ 2,931,083
Net deferred costs	1,480	1,115
Total loans and leases	3,101,463	2,932,198
Commercial, financial & agricultural
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	505,907	463,070
Net deferred costs	636	693
Total loans and leases	506,543	463,763
Real estate, construction
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	75,632	115,023
Net deferred costs	(252)	(469)
Total loans and leases	75,380	114,554
Real estate, Mortgage - residential
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	1,382,835	1,280,089
Net deferred costs	2,451	2,235
Total loans and leases	1,385,286	1,282,324
Real estate, Mortgage - commercial
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	737,816	704,099
Net deferred costs	(831)	(826)
Total loans and leases	736,985	703,273
Consumer
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	396,670	365,662
Net deferred costs	(524)	(518)
Total loans and leases	396,146	365,144
Leases
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	1,123	3,140
Net deferred costs	0	0
Total loans and leases	1,123	3,140
Pass
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	3,049,480	2,838,696
Pass | Commercial, financial & agricultural
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	495,865	432,892
Pass | Real estate, construction
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	73,515	111,370
Pass | Real estate, Mortgage - residential
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	1,376,321	1,265,470
Pass | Real estate, Mortgage - commercial
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	706,215	660,492
Pass | Consumer
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	396,441	365,332
Pass | Leases
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	1,123	3,140
Special Mention
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	22,973	25,799
Special Mention | Commercial, financial & agricultural
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	3,700	14,655
Special Mention | Real estate, construction
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	1,304	0
Special Mention | Real estate, Mortgage - residential
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	0	352
Special Mention | Real estate, Mortgage - commercial
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	17,869	10,498
Special Mention | Consumer
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	100	294
Special Mention | Leases
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	0	0
Substandard
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	27,495	66,588
Substandard | Commercial, financial & agricultural
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	6,342	15,523
Substandard | Real estate, construction
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	813	3,653
Substandard | Real estate, Mortgage - residential
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	6,514	14,267
Substandard | Real estate, Mortgage - commercial
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	13,732	33,109
Substandard | Consumer
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	94	36
Substandard | Leases
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	0	0
Loss
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	35	0
Loss | Commercial, financial & agricultural
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	0	0
Loss | Real estate, construction
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	0	0
Loss | Real estate, Mortgage - residential
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	0	0
Loss | Real estate, Mortgage - commercial
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	0	0
Loss | Consumer
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	35	0
Loss | Leases
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	$ 0	$ 0

ALLOWANCE FOR LOAN AND LEASE 49

ALLOWANCE FOR LOAN AND LEASE LOSSES (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Changes in the allowance
Beginning balance	$ 66,924	$ 83,599	$ 74,040	$ 83,820
Provision (credit) for loan and lease losses	(3,647)	(1,722)	(13,713)	(1,043)
Subtotal	63,277	81,877	60,327	82,777
Charge-offs	1,090	1,399	9,143	5,393
Recoveries	4,457	2,360	15,460	5,454
Net charge-offs (recoveries)	(3,367)	(961)	(6,317)	(61)
Ending balance	66,644	82,838	66,644	82,838
Commercial, financial & agricultural
Changes in the allowance
Beginning balance	7,569	12,255	8,954	13,196
Provision (credit) for loan and lease losses	(293)	(709)	(617)	(1,163)
Subtotal	7,276	11,546	8,337	12,033
Charge-offs	170	471	5,104	2,142
Recoveries	504	789	4,377	1,973
Net charge-offs (recoveries)	(334)	(318)	727	169
Ending balance	7,610	11,864	7,610	11,864
Real estate, construction
Changes in the allowance
Beginning balance	10,670	15,525	14,969	2,774
Provision (credit) for loan and lease losses	(2,702)	(1,728)	(7,588)	10,279
Subtotal	7,968	13,797	7,381	13,053
Charge-offs	0	0	0	0
Recoveries	283	1,100	870	1,844
Net charge-offs (recoveries)	(283)	(1,100)	(870)	(1,844)
Ending balance	8,251	14,897	8,251	14,897
Real estate, Mortgage - residential
Changes in the allowance
Beginning balance	17,846	19,198	17,927	25,272
Provision (credit) for loan and lease losses	(23)	(173)	(1,925)	(6,731)
Subtotal	17,823	19,025	16,002	18,541
Charge-offs	46	0	110	139
Recoveries	196	244	2,081	867
Net charge-offs (recoveries)	(150)	(244)	(1,971)	(728)
Ending balance	17,973	19,269	17,973	19,269
Real estate, Mortgage - commercial
Changes in the allowance
Beginning balance	20,008	25,885	20,869	29,947
Provision (credit) for loan and lease losses	(1,573)	(1,372)	(6,009)	(4,419)
Subtotal	18,435	24,513	14,860	25,528
Charge-offs	0	0	0	1,041
Recoveries	3,130	14	6,705	40
Net charge-offs (recoveries)	(3,130)	(14)	(6,705)	1,001
Ending balance	21,565	24,527	21,565	24,527
Consumer
Changes in the allowance
Beginning balance	7,330	6,723	7,314	6,576
Provision (credit) for loan and lease losses	972	2,262	2,960	3,032
Subtotal	8,302	8,985	10,274	9,608
Charge-offs	874	928	3,929	2,063
Recoveries	317	212	1,400	724
Net charge-offs (recoveries)	557	716	2,529	1,339
Ending balance	7,745	8,269	7,745	8,269
Leases
Changes in the allowance
Beginning balance	1	13	7	55
Provision (credit) for loan and lease losses	(28)	(2)	(34)	(41)
Subtotal	(27)	11	(27)	14
Charge-offs	0	0	0	8
Recoveries	27	1	27	6
Net charge-offs (recoveries)	(27)	(1)	(27)	2
Ending balance	0	12	0	12
Unallocated
Changes in the allowance
Beginning balance	3,500	4,000	4,000	6,000
Provision (credit) for loan and lease losses	0	0	(500)	(2,000)
Subtotal	3,500	4,000	3,500	4,000
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Net charge-offs (recoveries)	0	0	0	0
Ending balance	$ 3,500	$ 4,000	$ 3,500	$ 4,000

SECURITIZATIONS (Details)

SECURITIZATIONS (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
SECURITIZATIONS
Mortgage servicing rights	$ 18,174	$ 19,668
Real estate, Mortgage - residential | Significant Other Observable Inputs (Level 2)
SECURITIZATIONS
Mortgage servicing rights	3,400	3,500
Unrealized gains recorded in AOCI	$ 300	$ 300

INVESTMENTS IN UNCONSOLIDATED51

INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures [Abstract]
Investments in low income housing tax credit partnerships	$ 2,958		$ 2,958		$ 3,781
Trust preferred investments	2,792		2,792		2,792
Investments in affiliates	623		623		557
Other	116		116		116
Investment in unconsolidated subsidiaries	6,489		6,489		$ 7,246
Amortization expense in pretax income	300	$ 300	800	$ 1,100
Income tax credits and adjustments	$ 300	$ 400	$ 900	$ 1,200

OTHER INTANGIBLE ASSETS (Detail

OTHER INTANGIBLE ASSETS (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Dec. 31, 2014
Changes in other intangible assets
Balance, beginning of period			$ 29,697
Additions			1,847
Amortization			(5,347)
Balance, end of period	$ 26,197		26,197
Income generated as a result of new mortgage servicing rights reported as gains on sale of loans	1,551	$ 1,685	4,775	$ 4,151
Gross carrying value, accumulated amortization and net carrying value related to intangible assets
Gross Carrying Value					$ 103,176	$ 101,329
Accumulated Amortization					(76,979)	(71,632)
Other intangible assets	26,197		29,697		26,197	29,697
Estimated Amortization Expense
2015 (remainder)					1,828
2,016					6,838
2,017					5,830
2,018					4,494
2,019					1,906
2,020					1,492
Thereafter					3,809
Other intangible assets	26,197		29,697		26,197	29,697
Core Deposit Premium
Changes in other intangible assets
Balance, beginning of period			10,029
Additions			0
Amortization			(2,006)
Balance, end of period	8,023		8,023
Gross carrying value, accumulated amortization and net carrying value related to intangible assets
Gross Carrying Value					44,642	44,642
Accumulated Amortization					(36,619)	(34,613)
Other intangible assets	8,023		10,029		8,023	10,029
Estimated Amortization Expense
2015 (remainder)					669
2,016					2,674
2,017					2,674
2,018					2,006
2,019					0
2,020					0
Thereafter					0
Other intangible assets	8,023		10,029		8,023	10,029
Mortgage Servicing Rights
Changes in other intangible assets
Balance, beginning of period			19,668
Additions			1,847
Amortization	(1,000)	(700)	(3,341)	(1,900)
Balance, end of period	18,174		18,174
Income generated as a result of new mortgage servicing rights reported as gains on sale of loans	600	700	1,800	1,600
Fair market value and key assumptions used in determining the fair market value
Fair market value, beginning of period			19,975	21,399
Fair market value, end of period	18,495	$ 20,471	$ 18,495	$ 20,471
Weighted average discount rate			9.50%	9.50%
Weighted average prepayment speed assumption			14.30%	12.90%
Gross carrying value, accumulated amortization and net carrying value related to intangible assets
Gross Carrying Value					58,534	56,687
Accumulated Amortization					(40,360)	(37,019)
Other intangible assets	18,174		$ 19,668		18,174	19,668
Estimated Amortization Expense
2015 (remainder)					1,159
2,016					4,164
2,017					3,156
2,018					2,488
2,019					1,906
2,020					1,492
Thereafter					3,809
Other intangible assets	$ 18,174		$ 19,668		$ 18,174	$ 19,668

DERIVATIVES (Details)

DERIVATIVES (Details) - Derivatives Not Designated as Hedging Instruments $ in Millions	Sep. 30, 2015USD ($)
Interest rate lock commitments
DERIVATIVES
Mortgage loans hedged	$ 11.8
Forward sale commitments
DERIVATIVES
Mortgage loans hedged	$ 19.9

DERIVATIVES (Balance Sheet) (De

DERIVATIVES (Balance Sheet) (Details) - Derivatives Not Designated as Hedging Instruments - Derivative - Interest Rate Contracts - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Asset Derivatives
Fair Value	$ 185	$ 504
Liability Derivatives
Fair Value	$ 181	$ 122

DERIVATIVES (Income Statement)

DERIVATIVES (Income Statement) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Derivatives Not Designated as Hedging Instruments | Derivatives Not in Cash Flow Hedging Relationship | Derivative - Interest Rate Contracts
DERIVATIVES
Amount of Gain (Loss) Recognized in Earnings on Derivatives	$ (646)	$ 66	$ (378)	$ 419

SHORT-TERM BORROWINGS AND LON56

SHORT-TERM BORROWINGS AND LONG-TERM DEBT (Details) - USD ($)	Sep. 30, 2015	Dec. 31, 2014
LONG-TERM DEBT
Short-term borrowings	$ 155,000,000	$ 38,000,000
Long term borrowings	92,785,000	92,785,000
Investment securities pledged as collateral	1,010,000,000	900,500,000
Federal Home Loan Bank Borrowings
LONG-TERM DEBT
Line of Credit, maximum borrowing capacity	1,200,000,000
Short-term borrowings	155,000,000	38,000,000
Long term borrowings	0	0
Investment securities pledged as collateral	600,000
Commercial real estate and commercial loans pledged as collateral	1,600,000,000
Additional unused borrowings available	1,000,000,000
Federal Reserve discount window line of credit
LONG-TERM DEBT
Commercial real estate and commercial loans pledged as collateral	91,800,000	72,900,000
Additional unused borrowings available	$ 44,200,000	$ 33,300,000

EQUITY (Details)

EQUITY (Details) $ / shares in Units, $ in Thousands

Aug. 03, 2015USD ($)$ / sharesshares

Jun. 04, 2015USD ($)$ / sharesshares

Apr. 01, 2015USD ($)$ / sharesshares

Apr. 07, 2014USD ($)shares

Mar. 21, 2014USD ($)$ / sharesshares

Feb. 21, 2014USD ($)$ / shares

Feb. 20, 2014USD ($)shares

Jan. 29, 2014

Nov. 23, 2010$ / shares

Mar. 31, 2015USD ($)

Jan. 31, 2015USD ($)

Sep. 30, 2015USD ($)$ / sharesshares

Jun. 30, 2015USD ($)

Sep. 30, 2014USD ($)

Sep. 30, 2015USD ($)$ / sharesshares

Sep. 30, 2014USD ($)shares

Dec. 31, 2014USD ($)$ / sharesshares

May. 20, 2014USD ($)

EQUITY

For ownership change to occur, the minimum cumulative increase in the entity's ownership by "5-percent shareholders" over a rolling three-year period (as a percent)

50.00%

Par value (in dollars per share) | $ / shares

$ 0

$ 0

$ 0

Additional extension period

2 years

Shares of common stock repurchased

4,122,881

6,369,266

Common stock, outstanding shares

31,330,644

31,330,644

35,233,674

Common stock, par value (in dollars per share) | $ / shares

$ 0

$ 0

$ 0

Other operating expense | $

$ 3,483

$ 5,964

$ 13,690

$ 14,982

Rights

EQUITY

Additional extension period of Tax Benefits Preservation Plan

2 years

Central Pacific Bank

EQUITY

Statutory retained earnings | $

61,700

61,700

Common Stock

EQUITY

Up to value of shares repurchased | $

$ 16,500

Shares of common stock repurchased

857,554

Common Stock | Repurchase Plan 2014

EQUITY

Up to value of shares repurchased | $

$ 93,300

Shares of common stock repurchased

4,122,881

Amount authorized under the Repurchase Plan | $

$ 30,000

Increase in share repurchase authorized amount | $

$ 75,000

$ 25,000

Remaining amount available for repurchase | $

$ 20,200

$ 20,200

Common Stock | Repurchase Agreements

EQUITY

Up to value of shares repurchased | $

$ 125,000

$ 68,800

$ 68,800

Tender offer price (in dollars per share) | $ / shares

$ 20.20

Number of shares of common stock properly tendered and not withdrawn at or below the purchase price

3,369,850

Number of shares of common stock tendered through notice of guaranteed delivery at or below the purchase price

167,572

Shares of common stock repurchased

6,188,066

3,405,888

Share repurchase percentage of common stock properly tendered and not withdrawn at or below the purchase price

96.60%

Share repurchase percentage of issued and outstanding shares of common stock prior to the completion of the tender offer and the private repurchases

14.70%

Common stock, outstanding shares

35,900,000

Common Stock | Repurchase Agreements | Lead Investors

EQUITY

Up to value of shares repurchased | $

$ 56,200

Percentage of shares of common stock held by investors

44.90%

Common Stock | Repurchase Agreements | Carlyle

EQUITY

Shares of common stock repurchased

1,391,089

Number of shares of common stock held by investors

9,463,095

Percentage of shares of common stock held by investors

22.50%

Common Stock | Repurchase Agreements | Anchorage

EQUITY

Shares of common stock repurchased

1,391,089

Number of shares of common stock held by investors

9,463,095

Percentage of shares of common stock held by investors

22.50%

Common Stock | Underwriting Agreement

EQUITY

Up to value of shares repurchased | $

$ 122,500

$ 66,500

$ 175,000

Common stock, par value (in dollars per share) | $ / shares

$ 0

$ 0

Common stock, sale price (in dollars per share) | $ / shares

$ 22.11

$ 22.15

$ 23.01

Other operating expense | $

$ 400

$ 300

Equity related expense | $

$ 200

Common Stock | Underwriting Agreement | Carlyle

EQUITY

Shares of common stock repurchased

1,500,000

3,802,694

Common Stock | Underwriting Agreement | Anchorage

EQUITY

Shares of common stock repurchased

1,500,000

3,802,694

Common Stock | Underwriting Agreement | Carlyle And Anchorage

EQUITY

Shares of common stock repurchased

3,000,000

7,605,388

Common Stock | Underwriting Agreement | Citigroup Global Markets

EQUITY

Up to value of shares repurchased | $

$ 75,000

Shares of common stock repurchased

3,259,452

Common stock, sale price (in dollars per share) | $ / shares

$ 23.01

Common Stock | Underwriting Agreement | UBS

EQUITY

Shares of common stock repurchased

5,538,624

Common Stock | Minimum | Repurchase Agreements

EQUITY

Tender offer price (in dollars per share) | $ / shares

$ 18.50

Common Stock | Maximum | Repurchase Agreements

EQUITY

Tender offer price (in dollars per share) | $ / shares

$ 21

Common Stock | Maximum | Repurchase Agreements | Carlyle

EQUITY

Up to value of shares repurchased | $

$ 28,100

Common Stock | Maximum | Repurchase Agreements | Anchorage

EQUITY

Up to value of shares repurchased | $

$ 28,100

Junior Participating Preferred Stock, Series C | Rights

EQUITY

Fraction of securities callable by each warrant or right

0.0001

Exercise price of warrant (in dollars per share) | $ / shares

$ 6

SHARE-BASED COMPENSATION (Detai

SHARE-BASED COMPENSATION (Details) - Restricted Stock Awards and Units	9 Months Ended
	Sep. 30, 2015$ / sharesshares
Activity of nonvested shares
Nonvested restricted stock awards and units, beginning of period (in shares) | shares	715,460
Changes during the period:
Granted (in shares) | shares	172,989
Vested (in shares) | shares	(338,117)
Forfeited (in shares) | shares	(78,155)
Nonvested restricted stock awards and units, end of period (in shares) | shares	472,177
Weighted Average Grant Date Fair Value
Nonvested restricted stock awards and units, beginning of period (in dollars per share)	$ 15.77
Changes during the period:
Granted (in dollars per share)	19.49
Vested (in dollars per share)	15.18
Forfeited (in dollars per share)	16.63
Nonvested restricted stock awards and units, end of period (in dollars per share)	$ 17.41

ACCUMULATED OTHER COMPREHENSI59

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Components of Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Net unrealized gains/losses on investment securities, Before Tax
Net unrealized gains (losses) arising during the period	$ 12,561	$ (2,562)	$ 3,285	$ 29,323
Less: Reclassification adjustment for gains (losses) realized in net income	0	0	1,866	1,071
Net unrealized gains (losses) on investment securities	12,561	(2,562)	5,151	30,394
Defined benefit plans, Before Tax
Amortization of net actuarial losses	419	305	1,260	915
Amortization of net transition obligation	4	4	12	12
Amortization of prior service cost	5	5	15	15
Defined benefit plans, net	428	314	1,287	942
Other comprehensive income (loss)	12,989	(2,248)	6,438	31,336
Net unrealized gains/losses on investment securities, Tax Effect
Net unrealized gains (losses) arising during the period	4,998	(897)	1,306	11,744
Less: Reclassification adjustment for gains (losses) realized in net income	0	0	743	429
Net unrealized gains (losses) on investment securities	4,998	(897)	2,049	12,173
Defined benefit plans, Tax Effect
Amortization of net actuarial losses	165	100	499	343
Amortization of net transition obligation	2	1	7	5
Amortization of prior service cost	2	1	6	5
Defined benefit plans, net	169	102	512	353
Other comprehensive income	5,167	(795)	2,561	12,526
Net unrealized gains/losses on investment securities, Net of Tax
Net unrealized gains (losses) arising during the period	7,563	(1,665)	1,979	17,579
Less: Reclassification adjustment for gains (losses) realized in net income	0	0	1,123	642
Net unrealized gains (losses) on investment securities	7,563	(1,665)	3,102	18,221
Defined benefit plans, Net of Tax
Amortization of net actuarial losses	254	205	761	572
Amortization of net transition obligation	2	3	5	7
Amortization of prior service cost	3	4	9	10
Defined benefit plans, net	259	212	775	589
Total other comprehensive income (loss), net of tax	$ 7,822	$ (1,453)	$ 3,877	$ 18,810

ACCUMULATED OTHER COMPREHENSI60

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Components of AOCI) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Changes in each component of AOCI, net of tax
Balance at beginning of period	$ (786)	$ 4,418	$ 3,159	$ (15,845)
Other comprehensive income/loss before reclassifications	7,563	(1,665)	1,979	17,579
Amounts reclassified from AOCI	259	212	1,898	1,231
Total other comprehensive income (loss), net of tax	7,822	(1,453)	3,877	18,810
Balance at end of period	7,036	2,965	7,036	2,965
Investment Securities
Changes in each component of AOCI, net of tax
Balance at beginning of period	9,125	10,761	13,586	(9,125)
Other comprehensive income/loss before reclassifications	7,563	(1,665)	1,979	17,579
Amounts reclassified from AOCI	0	0	1,123	642
Total other comprehensive income (loss), net of tax	7,563	(1,665)	3,102	18,221
Balance at end of period	16,688	9,096	16,688	9,096
Defined Benefit Plans
Changes in each component of AOCI, net of tax
Balance at beginning of period	(9,911)	(6,343)	(10,427)	(6,720)
Amounts reclassified from AOCI	259	212	775	589
Total other comprehensive income (loss), net of tax	259	212	775	589
Balance at end of period	$ (9,652)	$ (6,131)	$ (9,652)	$ (6,131)

ACCUMULATED OTHER COMPREHENSI61

ACCUMULATED OTHER COMPREHENSIVE INCOME (Reclassified out of AOCI) (LOSS) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Amounts reclassified out of each component of accumulated other comprehensive income
Investment securities gains (losses)	$ 0	$ 0	$ (1,866)	$ 240
Tax benefit	(6,900)	(5,241)	(20,603)	(14,636)
Net income	12,206	8,230	34,936	27,188
Amount Reclassified from AOCI
Amounts reclassified out of each component of accumulated other comprehensive income
Net income	(259)	(212)	(1,898)	(1,231)
Investment Securities | Amount Reclassified from AOCI
Amounts reclassified out of each component of accumulated other comprehensive income
Investment securities gains (losses)	0	0	(1,866)	(1,071)
Tax benefit	0	0	743	429
Net of tax	0	0	(1,123)	(642)
Defined Benefit Plans | Amount Reclassified from AOCI
Amounts reclassified out of each component of accumulated other comprehensive income
Total before tax	(428)	(314)	(1,287)	(942)
Tax benefit	169	102	512	353
Net of tax	(259)	(212)	(775)	(589)
Net actuarial losses | Amount Reclassified from AOCI
Amounts reclassified out of each component of accumulated other comprehensive income
Total before tax	(419)	(305)	(1,260)	(915)
Net transition obligation | Amount Reclassified from AOCI
Amounts reclassified out of each component of accumulated other comprehensive income
Total before tax	(4)	(4)	(12)	(12)
Prior service cost | Amount Reclassified from AOCI
Amounts reclassified out of each component of accumulated other comprehensive income
Total before tax	$ (5)	$ (5)	$ 15	$ 15

PENSION AND SUPPLEMENTAL EXEC62

PENSION AND SUPPLEMENTAL EXECUTIVE RETIREMENT PLANS (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Pension Plan
Components of net periodic benefit cost
Interest cost	$ 349	$ 366	$ 1,045	$ 1,098
Expected return on plan assets	(471)	(524)	(1,415)	(1,572)
Amortization of net actuarial losses	392	304	1,178	912
Net periodic cost	270	146	808	438
SERPs
Components of net periodic benefit cost
Interest cost	110	113	330	339
Amortization of net actuarial losses	27	1	82	3
Amortization of net transition obligation	4	4	12	12
Amortization of prior service cost	5	5	15	15
Net periodic cost	$ 146	$ 123	$ 439	$ 369

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
SHARE-BASED COMPENSATION
Net income	$ 12,206	$ 8,230	$ 34,936	$ 27,188
Weighted average shares outstanding - basic	31,331,000	35,863,000	32,548,000	37,943,000
Weighted average shares outstanding - diluted	31,750,000	36,353,000	32,932,000	38,440,000
Basic earnings per share (in dollars per share)	$ 0.39	$ 0.23	$ 1.07	$ 0.72
Diluted earnings per share (in dollars per share)	$ 0.38	$ 0.23	$ 1.06	$ 0.71
Antidilutive securities excluded from the dilutive share calculation (in shares)	12,532	13,864	12,532	13,864
Stock Option
SHARE-BASED COMPENSATION
Dilutive effect of share-based compensation arrangements	419,000	490,000	384,000	497,000

FAIR VALUE OF FINANCIAL ASSET64

FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES (Details) - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Financial assets
Cash and due from banks	$ 69,628,000	$ 72,316,000
Interest-bearing deposits in other banks	14,376,000	13,691,000
Loans held for sale	9,786,000	9,683,000
Accrued interest receivable	13,779,000	13,584,000
Deposits:
Noninterest-bearing deposits	1,112,761,000	1,034,146,000
Time deposits	1,048,289,000	1,045,284,000
Transfers of financial assets from Level 1 to Level 2	0
Transfers of financial assets from Level 2 to Level 1	0
Transfers of financial liabilities from Level 1 to Level 2	0
Transfers of financial liabilities from Level 2 to Level 1	0
Carrying Amount
Financial assets
Cash and due from banks	69,628,000	72,316,000
Interest-bearing deposits in other banks	14,376,000	13,691,000
Investment securities	1,527,101,000	1,467,305,000
Loans held for sale	9,786,000	9,683,000
Net loans and leases	3,034,819,000	2,858,158,000
Accrued interest receivable	13,779,000	13,584,000
Deposits:
Noninterest-bearing deposits	1,112,761,000	1,034,146,000
Interest-bearing demand and savings deposits	2,069,453,000	2,030,870,000
Time deposits	1,048,289,000	1,045,284,000
Short-term debt	155,000,000	38,000,000
Long-term debt	92,785,000	92,785,000
Accrued interest payable (included in other liabilities)	962,000	1,018,000
Carrying Amount | Commitments to extend credit
Deposits:
Off-balance sheet financial instruments	772,326,000	720,255,000
Carrying Amount | Standby letters of credit and financial guarantees written
Deposits:
Off-balance sheet financial instruments	16,418,000	18,797,000
Carrying Amount | Interest rate options
Deposits:
Off-balance sheet financial instruments	11,754,000	44,266,000
Carrying Amount | Forward interest rate contracts
Deposits:
Off-balance sheet financial instruments	19,930,000	23,919,000
Estimated Fair Value
Financial assets
Cash and due from banks	69,628,000	72,316,000
Interest-bearing deposits in other banks	14,376,000	13,691,000
Investment securities	1,526,922,000	1,464,615,000
Loans held for sale	9,786,000	9,683,000
Net loans and leases	2,991,526,000	2,752,420,000
Accrued interest receivable	13,779,000	13,584,000
Deposits:
Noninterest-bearing deposits	1,112,761,000	1,034,146,000
Interest-bearing demand and savings deposits	2,069,453,000	2,030,870,000
Time deposits	1,049,989,000	1,047,322,000
Short-term debt	155,000,000	38,000,000
Long-term debt	67,283,000	42,454,000
Accrued interest payable (included in other liabilities)	962,000	1,018,000
Estimated Fair Value | Commitments to extend credit
Deposits:
Off-balance sheet financial instruments	3,862,000	3,601,000
Estimated Fair Value | Standby letters of credit and financial guarantees written
Deposits:
Off-balance sheet financial instruments	123,000	141,000
Estimated Fair Value | Interest rate options
Deposits:
Off-balance sheet financial instruments	177,000	444,000
Estimated Fair Value | Forward interest rate contracts
Deposits:
Off-balance sheet financial instruments	(173,000)	(62,000)
Quoted Prices in Active Markets for Identical Assets (Level 1)
Financial assets
Cash and due from banks	69,628,000	72,316,000
Interest-bearing deposits in other banks	14,376,000	13,691,000
Investment securities	892,000	877,000
Loans held for sale	0	0
Net loans and leases	0	0
Accrued interest receivable	13,779,000	13,584,000
Deposits:
Noninterest-bearing deposits	1,112,761,000	1,034,146,000
Interest-bearing demand and savings deposits	2,069,453,000	2,030,870,000
Time deposits	0	0
Short-term debt	0	0
Long-term debt	0	0
Accrued interest payable (included in other liabilities)	962,000	1,018,000
Quoted Prices in Active Markets for Identical Assets (Level 1) | Commitments to extend credit
Deposits:
Off-balance sheet financial instruments	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Standby letters of credit and financial guarantees written
Deposits:
Off-balance sheet financial instruments	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Interest rate options
Deposits:
Off-balance sheet financial instruments	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Forward interest rate contracts
Deposits:
Off-balance sheet financial instruments	0	0
Significant Other Observable Inputs (Level 2)
Financial assets
Cash and due from banks	0	0
Interest-bearing deposits in other banks	0	0
Investment securities	1,513,278,000	1,450,643,000
Loans held for sale	0	0
Net loans and leases	36,698,000	70,743,000
Accrued interest receivable	0	0
Deposits:
Noninterest-bearing deposits	0	0
Interest-bearing demand and savings deposits	0	0
Time deposits	0	0
Short-term debt	155,000,000	38,000,000
Long-term debt	67,283,000	42,454,000
Accrued interest payable (included in other liabilities)	0	0
Significant Other Observable Inputs (Level 2) | Commitments to extend credit
Deposits:
Off-balance sheet financial instruments	3,862,000	3,601,000
Significant Other Observable Inputs (Level 2) | Standby letters of credit and financial guarantees written
Deposits:
Off-balance sheet financial instruments	123,000	141,000
Significant Other Observable Inputs (Level 2) | Interest rate options
Deposits:
Off-balance sheet financial instruments	177,000	444,000
Significant Other Observable Inputs (Level 2) | Forward interest rate contracts
Deposits:
Off-balance sheet financial instruments	(173,000)	(62,000)
Significant Unobservable Inputs (Level 3)
Financial assets
Cash and due from banks	0	0
Interest-bearing deposits in other banks	0	0
Investment securities	12,752,000	13,095,000
Loans held for sale	9,786,000	9,683,000
Net loans and leases	2,954,828,000	2,681,677,000
Accrued interest receivable	0	0
Deposits:
Noninterest-bearing deposits	0	0
Interest-bearing demand and savings deposits	0	0
Time deposits	1,049,989,000	1,047,322,000
Short-term debt	0	0
Long-term debt	0	0
Accrued interest payable (included in other liabilities)	0	0
Significant Unobservable Inputs (Level 3) | Commitments to extend credit
Deposits:
Off-balance sheet financial instruments	0	0
Significant Unobservable Inputs (Level 3) | Standby letters of credit and financial guarantees written
Deposits:
Off-balance sheet financial instruments	0	0
Significant Unobservable Inputs (Level 3) | Interest rate options
Deposits:
Off-balance sheet financial instruments	0	0
Significant Unobservable Inputs (Level 3) | Forward interest rate contracts
Deposits:
Off-balance sheet financial instruments	$ 0	$ 0

FAIR VALUE OF FINANCIAL ASSET65

FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES (Assets and Liabilities Measured at Fair Value on a Recurring Basis) (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Assets and liabilities measured at fair value
Available for sale, at fair value	$ 1,272,382	$ 1,229,018
States and political subdivisions
Assets and liabilities measured at fair value
Available for sale, at fair value	190,433	191,645
Corporate securities
Assets and liabilities measured at fair value
Available for sale, at fair value	104,698	100,604
Residential - U.S. Government sponsored entities
Assets and liabilities measured at fair value
Available for sale, at fair value	768,586	751,558
Residential - Non-government agencies
Assets and liabilities measured at fair value
Available for sale, at fair value	69,012	46,693
Commercial - Non-government agencies
Assets and liabilities measured at fair value
Available for sale, at fair value	138,761	137,641
Other
Assets and liabilities measured at fair value
Available for sale, at fair value	892	877
Recurring basis
Assets and liabilities measured at fair value
Available for sale, at fair value	1,272,382	1,229,018
Total	1,272,386	1,229,400
Recurring basis | Derivative - Interest Rate Contracts
Assets and liabilities measured at fair value
Derivatives - Interest rate options and forward interest rate contracts	4	382
Recurring basis | States and political subdivisions
Assets and liabilities measured at fair value
Available for sale, at fair value	190,433	191,645
Recurring basis | Corporate securities
Assets and liabilities measured at fair value
Available for sale, at fair value	104,698	100,604
Recurring basis | Residential - U.S. Government sponsored entities
Assets and liabilities measured at fair value
Available for sale, at fair value	768,586	751,558
Recurring basis | Residential - Non-government agencies
Assets and liabilities measured at fair value
Available for sale, at fair value	69,012	46,693
Recurring basis | Commercial - Non-government agencies
Assets and liabilities measured at fair value
Available for sale, at fair value	138,761	137,641
Recurring basis | Other
Assets and liabilities measured at fair value
Available for sale, at fair value	892	877
Recurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1)
Assets and liabilities measured at fair value
Available for sale, at fair value	892	877
Total	892	877
Recurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | Derivative - Interest Rate Contracts
Assets and liabilities measured at fair value
Derivatives - Interest rate options and forward interest rate contracts	0	0
Recurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | States and political subdivisions
Assets and liabilities measured at fair value
Available for sale, at fair value	0	0
Recurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | Corporate securities
Assets and liabilities measured at fair value
Available for sale, at fair value	0	0
Recurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | Residential - U.S. Government sponsored entities
Assets and liabilities measured at fair value
Available for sale, at fair value	0	0
Recurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | Residential - Non-government agencies
Assets and liabilities measured at fair value
Available for sale, at fair value	0	0
Recurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | Commercial - Non-government agencies
Assets and liabilities measured at fair value
Available for sale, at fair value	0	0
Recurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | Other
Assets and liabilities measured at fair value
Available for sale, at fair value	892	877
Recurring basis | Significant Other Observable Inputs (Level 2)
Assets and liabilities measured at fair value
Available for sale, at fair value	1,258,738	1,215,046
Total	1,258,742	1,215,428
Recurring basis | Significant Other Observable Inputs (Level 2) | Derivative - Interest Rate Contracts
Assets and liabilities measured at fair value
Derivatives - Interest rate options and forward interest rate contracts	4	382
Recurring basis | Significant Other Observable Inputs (Level 2) | States and political subdivisions
Assets and liabilities measured at fair value
Available for sale, at fair value	177,681	178,550
Recurring basis | Significant Other Observable Inputs (Level 2) | Corporate securities
Assets and liabilities measured at fair value
Available for sale, at fair value	104,698	100,604
Recurring basis | Significant Other Observable Inputs (Level 2) | Residential - U.S. Government sponsored entities
Assets and liabilities measured at fair value
Available for sale, at fair value	768,586	751,558
Recurring basis | Significant Other Observable Inputs (Level 2) | Residential - Non-government agencies
Assets and liabilities measured at fair value
Available for sale, at fair value	69,012	46,693
Recurring basis | Significant Other Observable Inputs (Level 2) | Commercial - Non-government agencies
Assets and liabilities measured at fair value
Available for sale, at fair value	138,761	137,641
Recurring basis | Significant Other Observable Inputs (Level 2) | Other
Assets and liabilities measured at fair value
Available for sale, at fair value	0	0
Recurring basis | Significant Unobservable Inputs (Level 3)
Assets and liabilities measured at fair value
Available for sale, at fair value	12,752	13,095
Total	12,752	13,095
Recurring basis | Significant Unobservable Inputs (Level 3) | Derivative - Interest Rate Contracts
Assets and liabilities measured at fair value
Derivatives - Interest rate options and forward interest rate contracts	0	0
Recurring basis | Significant Unobservable Inputs (Level 3) | States and political subdivisions
Assets and liabilities measured at fair value
Available for sale, at fair value	12,752	13,095
Recurring basis | Significant Unobservable Inputs (Level 3) | Corporate securities
Assets and liabilities measured at fair value
Available for sale, at fair value	0	0
Recurring basis | Significant Unobservable Inputs (Level 3) | Residential - U.S. Government sponsored entities
Assets and liabilities measured at fair value
Available for sale, at fair value	0	0
Recurring basis | Significant Unobservable Inputs (Level 3) | Residential - Non-government agencies
Assets and liabilities measured at fair value
Available for sale, at fair value	0	0
Recurring basis | Significant Unobservable Inputs (Level 3) | Commercial - Non-government agencies
Assets and liabilities measured at fair value
Available for sale, at fair value	0	0
Recurring basis | Significant Unobservable Inputs (Level 3) | Other
Assets and liabilities measured at fair value
Available for sale, at fair value	$ 0	$ 0

FAIR VALUE OF FINANCIAL ASSET66

FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES (Change in Level 3 Assets and Liabilities) (Details 3) $ in Thousands	9 Months Ended
	Sep. 30, 2015USD ($)security	Sep. 30, 2014USD ($)
States and political subdivisions
Changes in Level 3 assets and liabilities measured at fair value on a recurring basis
Aggregate fair value / Balance at the beginning of the period	$ 13,095	$ 10,518
Principal payments received	(897)	(202)
Unrealized net gain included in other comprehensive income	554	74
Purchases		2,325
Mortgage revenue bonds
Changes in Level 3 assets and liabilities measured at fair value on a recurring basis
Aggregate fair value / Balance at the end of the period	$ 12,752	$ 12,715
Additional disclosures
Number of investment securities held | security	4
Mortgage revenue bonds | Weighted average
Additional disclosures
Discount rate (as a percent)	3.90%

FAIR VALUE OF FINANCIAL ASSET67

FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES (Assets and Liabilities Measured at Fair Value) (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Assets measured at fair value on a nonrecurring basis
Other real estate	$ 1,913	$ 2,948
Nonrecurring basis
Assets measured at fair value on a nonrecurring basis
Impaired loans	36,698	70,743
Other real estate	1,913	2,948
Quoted Prices in Active Markets for Identical Assets (Level 1) | Nonrecurring basis
Assets measured at fair value on a nonrecurring basis
Impaired loans	$ 0	0
Other real estate		0
Significant Other Observable Inputs (Level 2) | Nonrecurring basis
Assets measured at fair value on a nonrecurring basis
Impaired loans	$ 36,698	70,743
Other real estate	1,913	2,948
Significant Unobservable Inputs (Level 3) | Nonrecurring basis
Assets measured at fair value on a nonrecurring basis
Impaired loans	$ 0	0
Other real estate		$ 0

SEGMENT INFORMATION (Details)

SEGMENT INFORMATION (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)	Sep. 30, 2015USD ($)segment	Sep. 30, 2014USD ($)	Dec. 31, 2014USD ($)
Segment Reporting [Abstract]
Number of reportable segments | segment			3
SEGMENT INFORMATION
Net interest income (expense)	$ 37,805	$ 35,532	$ 111,334	$ 107,234
Provision (credit) for loan and lease losses	(3,647)	(1,722)	(13,713)	(1,043)
Other operating income	9,829	11,463	29,143	33,611
Other operating expense	(32,175)	(35,246)	(98,651)	(100,064)
Income tax (expenses) benefit	(6,900)	(5,241)	(20,603)	(14,636)
Net income	12,206	8,230	34,936	27,188
Investment securities	1,527,101		1,527,101		$ 1,467,305
Total Assets	5,021,833		5,021,833		4,852,987
Banking Operations
SEGMENT INFORMATION
Net income	12,737	9,600	40,455	23,101
Total Assets	3,180,630		3,180,630		3,052,952
Treasury
SEGMENT INFORMATION
Net income	622	(1,837)	(514)	1,271
Total Assets	1,759,211		1,759,211		1,715,760
All Others
SEGMENT INFORMATION
Net income	(1,153)	467	(5,005)	2,816
Total Assets	81,992		81,992		84,275
Intersegment elimination
SEGMENT INFORMATION
Net interest income (expense)	0	0	0	0
Intersegment elimination | Banking Operations
SEGMENT INFORMATION
Net interest income (expense)	11,176	11,619	32,826	23,775
Intersegment elimination | Treasury
SEGMENT INFORMATION
Net interest income (expense)	(7,477)	(11,231)	(24,242)	(24,950)
Intersegment elimination | All Others
SEGMENT INFORMATION
Net interest income (expense)	(3,699)	(388)	(8,584)	1,175
Operating segments
SEGMENT INFORMATION
Net interest income (expense)	37,805	35,532	111,334	107,234
Provision (credit) for loan and lease losses	3,647	1,722	13,713	1,043
Other operating income	9,829	11,463	29,143	33,611
Other operating expense	(32,175)	(35,246)	(98,651)	(100,064)
Administrative and overhead expense allocation	0	0	0	0
Income tax (expenses) benefit	(6,900)	(5,241)	(20,603)	(14,636)
Investment securities	1,527,101		1,527,101		1,467,305
Loans and leases (including loans held for sale)	3,111,249		3,111,249		2,941,881
Other	383,483		383,483		443,801
Operating segments | Banking Operations
SEGMENT INFORMATION
Net interest income (expense)	29,424	27,671	86,115	81,214
Provision (credit) for loan and lease losses	3,647	1,722	13,713	1,043
Other operating income	5,438	6,264	17,892	18,663
Other operating expense	(14,291)	(16,104)	(44,469)	(45,794)
Administrative and overhead expense allocation	(15,798)	(15,823)	(43,839)	(43,361)
Income tax (expenses) benefit	(6,859)	(5,749)	(21,783)	(12,439)
Investment securities	0		0		0
Loans and leases (including loans held for sale)	3,111,249		3,111,249		2,941,881
Other	69,381		69,381		111,071
Operating segments | Treasury
SEGMENT INFORMATION
Net interest income (expense)	8,381	7,861	25,219	26,020
Provision (credit) for loan and lease losses	0	0	0	0
Other operating income	734	1,453	439	3,290
Other operating expense	(436)	(509)	(1,407)	(1,598)
Administrative and overhead expense allocation	(245)	(268)	(799)	(807)
Income tax (expenses) benefit	(335)	857	276	(684)
Investment securities	1,527,101		1,527,101		1,467,305
Loans and leases (including loans held for sale)	0		0		0
Other	232,110		232,110		248,455
Operating segments | All Others
SEGMENT INFORMATION
Net interest income (expense)	0	0	0	0
Provision (credit) for loan and lease losses	0	0	0	0
Other operating income	3,657	3,746	10,812	11,658
Other operating expense	(17,448)	(18,633)	(52,775)	(52,672)
Administrative and overhead expense allocation	16,043	16,091	44,638	44,168
Income tax (expenses) benefit	294	$ (349)	904	$ (1,513)
Investment securities	0		0		0
Loans and leases (including loans held for sale)	0		0		0
Other	$ 81,992		$ 81,992		$ 84,275