Central Pacific Financial (CPF) 10-Q 3 Aug 16 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2016	Jul. 13, 2016
Document and Entity Information
Entity Registrant Name	CENTRAL PACIFIC FINANCIAL CORP
Entity Central Index Key	701,347
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Jun. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding		30,988,895

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Assets
Cash and due from banks	$ 76,482	$ 71,797
Interest-bearing deposits in other banks	14,184	8,397
Investment securities:
Available-for-sale, at fair value	1,260,593	1,272,255
Held-to-maturity, at amortized cost (fair value of $238,066 at June 30, 2016 and $244,136 at December 31, 2015)	234,230	247,917
Total investment securities	1,494,823	1,520,172
Loans held for sale	9,921	14,109
Loans and leases	3,403,947	3,211,532
Allowance for loan and lease losses	(60,764)	(63,314)
Net loans and leases	3,343,183	3,148,218
Premises and equipment, net	48,370	49,161
Accrued interest receivable	15,339	14,898
Investment in unconsolidated subsidiaries	7,204	6,157
Other real estate owned	1,032	1,962
Mortgage servicing rights	15,778	17,797
Core deposit premium	6,018	7,355
Bank-owned life insurance	154,678	153,967
Federal Home Loan Bank stock	15,218	8,606
Other assets	80,737	108,692
Total Assets	5,282,967	5,131,288
Deposits:
Noninterest-bearing demand	1,152,666	1,145,244
Interest-bearing demand	846,589	824,895
Savings and money market	1,371,163	1,399,093
Time	1,034,724	1,064,207
Total deposits	4,405,142	4,433,439
Short-term borrowings	226,000	69,000
Long-term debt	92,785	92,785
Other liabilities	41,424	41,425
Total Liabilities	4,765,351	4,636,649
Equity
Preferred stock (no par value, authorized 1,100,000 shares, issued and outstanding none at June 30, 2016 and December 31, 2015, respectively)	0	0
Common stock (no par value, authorized 185,000,000 shares, issued and outstanding 31,036,895 and 31,361,452 shares at June 30, 2016 and December 31, 2015, respectively)	538,434	548,878
Surplus	83,482	82,847
Accumulated deficit	(122,730)	(137,314)
Accumulated other comprehensive income	18,421	203
Total Shareholders' Equity	517,607	494,614
Non-controlling interest	9	25
Total Equity	517,616	494,639
Total Liabilities and Equity	$ 5,282,967	$ 5,131,288

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Held to maturity, fair value (in dollars)	$ 238,066	$ 244,136
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	31,036,895	31,361,452
Common stock, outstanding shares	31,036,895	31,361,452

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Interest income:
Interest and fees on loans and leases	$ 32,878	$ 29,572	$ 64,671	$ 58,174
Interest and dividends on investment securities:
Taxable interest	7,953	8,277	16,349	16,427
Tax-exempt interest	995	1,010	1,991	2,008
Dividends	10	8	20	17
Interest on deposits in other banks	11	11	28	22
Dividends on Federal Home Loan Bank stock	23	18	60	29
Total interest income	41,870	38,896	83,119	76,677
Interest on deposits:
Demand	123	99	234	194
Savings and money market	269	225	532	448
Time	957	549	1,855	1,097
Interest on short-term borrowings	177	79	227	122
Interest on long-term debt	735	650	1,451	1,287
Total interest expense	2,261	1,602	4,299	3,148
Net interest income	39,609	37,294	78,820	73,529
Provision (credit) for loan and lease losses	(1,382)	(7,319)	(2,129)	(10,066)
Net interest income after credit for loan and lease losses	40,991	44,613	80,949	83,595
Other operating income:
Service charges on deposit accounts	1,908	1,915	3,872	3,883
Loan servicing fees	1,362	1,427	2,724	2,850
Other service charges and fees	3,028	2,781	5,795	5,886
Income from fiduciary activities	857	830	1,697	1,664
Equity in earnings of unconsolidated subsidiaries	184	229	274	325
Fees on foreign exchange	126	98	274	226
Investment securities gains (losses)	0	(1,866)	0	(1,866)
Income from bank-owned life insurance	1,232	461	1,857	1,135
Loan placement fees	133	225	179	372
Net gain on sales of residential loans	1,845	1,630	3,311	3,224
Net gain on sales of foreclosed assets	241	94	549	127
Other	776	300	1,325	1,488
Total other operating income	11,692	8,124	21,857	19,314
Other operating expense:
Salaries and employee benefits	17,850	15,176	34,787	32,341
Net occupancy	3,557	3,403	6,871	6,904
Equipment	769	933	1,580	1,842
Amortization of other intangible assets	2,423	1,559	4,601	3,664
Communication expense	919	942	1,878	1,766
Legal and professional services	1,723	1,642	3,336	3,861
Computer software expense	2,222	2,382	4,926	4,478
Advertising expense	433	449	1,067	1,084
Foreclosed asset expense	49	257	64	329
Other	4,270	5,715	7,980	10,207
Total other operating expense	34,215	32,458	67,090	66,476
Income before income taxes	18,468	20,279	35,716	36,433
Income tax expense	6,331	7,944	12,398	13,703
Net income	$ 12,137	$ 12,335	$ 23,318	$ 22,730
Per common share data:
Basic earnings per common share (in dollars per share)	$ 0.39	$ 0.39	$ 0.75	$ 0.69
Diluted earnings per common share (in dollars per share)	0.39	0.39	0.74	0.68
Cash dividends declared (in dollars per share)	$ 0.14	$ 0.12	$ 0.28	$ 0.24
Shares used in computation:
Basic shares (in shares)	31,060,593	31,525,075	31,162,013	33,166,987
Diluted shares (in shares)	31,262,525	31,953,022	31,359,568	33,588,233

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Statement of Comprehensive Income [Abstract]
Net income	$ 12,137	$ 12,335	$ 23,318	$ 22,730
Other comprehensive income (loss), net of tax:
Net change in unrealized gain (loss) on investment securities	5,866	(11,370)	17,719	(4,461)
Minimum pension liability adjustment	249	256	499	516
Total other comprehensive income (loss), net of tax	6,115	(11,114)	18,218	(3,945)
Comprehensive income	$ 18,252	$ 1,221	$ 41,536	$ 18,785

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 Interest
Balance at beginning of period at Dec. 31, 2014	$ 568,041		$ 642,205	$ 79,716	$ (157,039)	$ 3,159	$ 0
Balance (in shares) at Dec. 31, 2014		35,233,674
Increase (Decrease) in Shareholders' Equity
Net income	22,730				22,730
Other comprehensive income	(3,945)					(3,945)
Cash dividends	(7,958)				(7,958)
Net shares of common stock sold by directors' deferred compensation plan	(154)		(154)
Shares of common stock repurchased and other related costs	$ (89,524)		(89,524)
Shares of common stock repurchased and other related costs (in shares)	(3,950,781)	(3,950,781)
Share-based compensation	$ (343)			(343)
Share-based compensation (in shares)		218,740
Non-controlling interest	0						0
Balance at end of period at Jun. 30, 2015	488,847		552,527	79,373	(142,267)	(786)	0
Balance (in shares) at Jun. 30, 2015		31,501,633
Balance at beginning of period at Mar. 31, 2015						10,328
Increase (Decrease) in Shareholders' Equity
Net income	12,335
Other comprehensive income	(11,114)					(11,114)
Balance at end of period at Jun. 30, 2015	488,847		552,527	79,373	(142,267)	(786)	0
Balance (in shares) at Jun. 30, 2015		31,501,633
Balance at beginning of period at Dec. 31, 2015	$ 494,639		548,878	82,847	(137,314)	203	25
Balance (in shares) at Dec. 31, 2015	31,361,452	31,361,452
Increase (Decrease) in Shareholders' Equity
Net income	$ 23,318				23,318
Other comprehensive income	18,218					18,218
Cash dividends	(8,734)				(8,734)
Net shares of common stock sold by directors' deferred compensation plan	(99)		(99)
Shares of common stock repurchased and other related costs	$ (10,544)		(10,544)
Shares of common stock repurchased and other related costs (in shares)	(492,922)	(492,922)
Share-based compensation	$ 834		199	635			0
Share-based compensation (in shares)		168,365
Non-controlling interest	(16)						(16)
Balance at end of period at Jun. 30, 2016	$ 517,616		538,434	83,482	(122,730)	18,421	9
Balance (in shares) at Jun. 30, 2016	31,036,895	31,036,895
Balance at beginning of period at Mar. 31, 2016						12,306
Increase (Decrease) in Shareholders' Equity
Net income	$ 12,137
Other comprehensive income	6,115					6,115
Balance at end of period at Jun. 30, 2016	$ 517,616		$ 538,434	$ 83,482	$ (122,730)	$ 18,421	$ 9
Balance (in shares) at Jun. 30, 2016	31,036,895	31,036,895

CONSOLIDATED STATEMENTS OF CHA7

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (Parenthetical) - $ / shares	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Statement of Stockholders' Equity [Abstract]
Cash dividends (in dollars per share)	$ 0.28	$ 0.24
Common stock (purchased) sold by directors' deferred compensation plan (in net shares)	5,000	8,159
Shares of common stock repurchased	492,922	3,950,781

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Cash flows from operating activities:
Net income	$ 23,318	$ 22,730
Adjustments to reconcile net income to net cash provided by operating activities:
Provision (credit) for loan and lease losses	(2,129)	(10,066)
Depreciation and amortization	2,974	2,954
Write down of other real estate, net of gain on sale	(222)	140
Amortization of other intangible assets	4,601	3,664
Net amortization of investment securities	5,801	4,584
Share-based compensation	635	(343)
Net loss on investment securities	0	1,866
Net gain on sales of residential loans	(3,311)	(3,224)
Proceeds from sales of loans held for sale	193,848	201,059
Originations of loans held for sale	(186,349)	(211,071)
Equity in earnings of unconsolidated subsidiaries	(274)	(325)
Increase in cash surrender value of bank-owned life insurance	(1,994)	(1,455)
Deferred income taxes	12,398	12,853
Net change in other assets and liabilities	1,373	4,206
Net cash provided by operating activities	50,669	27,572
Cash flows from investing activities:
Proceeds from maturities of and calls on investment securities available for sale	81,894	81,536
Proceeds from sales of investment securities available for sale	0	117,496
Purchases of investment securities available for sale	(46,215)	(257,793)
Proceeds from maturities of and calls on investment securities held to maturity	13,289	12,159
Purchases of investment securities held to maturity	0	(37,043)
Net loan originations	(115,771)	(54,491)
Purchases of loan portfolios	(77,702)	(28,109)
Proceeds from sales of loans originated for investment	0	6,658
Proceeds from sale of other real estate	1,789	2,567
Proceeds from bank-owned life insurance	1,283	723
Purchases of premises and equipment	(2,183)	(1,421)
Net return of capital from unconsolidated subsidiaries	412	286
Contributions to unconsolidated subsidiaries	(5)	0
Net (purchases) proceeds from redemption of FHLB stock	(6,612)	31,803
Net cash used in investing activities	(149,821)	(125,629)
Cash flows from financing activities:
Net (decrease) increase in deposits	(28,297)	72,022
Net increase in short-term borrowings	157,000	119,000
Cash dividends paid on common stock	(8,734)	(7,958)
Repurchases of common stock and other related costs	(10,544)	(89,524)
Net proceeds from issuance of common stock and stock option exercises	199	0
Net cash provided by financing activities	109,624	93,540
Net increase (decrease) in cash and cash equivalents	10,472	(4,517)
Cash and cash equivalents at beginning of period	80,194	86,007
Cash and cash equivalents at end of period	90,666	81,490
Cash paid during the period for:
Interest	3,986	3,239
Income taxes	0	880
Cash received during the period for:
Income taxes	1,605	0
Supplemental disclosure of non-cash investing and financing activities:
Net change in common stock held by directors’ deferred compensation plan	99	154
Net reclassification of loans to other real estate	637	5,037
Net transfer of loans to loans held for sale	$ 0	$ 6,648

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES 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, 2015 . 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. Principles of Consolidation The consolidated financial statements include the accounts of the Company and its majority-owned subsidiaries. All significant intercompany accounts and transactions have been eliminated in consolidation. In December 2015, we acquired a 50% ownership interest in a mortgage loan origination and brokerage company, One Hawaii HomeLoans, LLC. The bank concluded that the investment meets the consolidation requirements under Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 810, "Consolidation." The bank concluded that the entity meets the definition of a variable interest entity and that we are the primary beneficiary of the variable interest entity. Accordingly, the investment has been consolidated into our financial statements as of June 30, 2016 . We have 50% ownership interests in four other mortgage loan origination and brokerage companies which are accounted for using the equity method and are included in investment in unconsolidated subsidiaries: Pacific Access Mortgage, LLC, Gentry HomeLoans, LLC, Haseko HomeLoans, LLC and Island Pacific HomeLoans, LLC.

RECENT ACCOUNTING PRONOUNCEMENT

RECENT ACCOUNTING PRONOUNCEMENTS	6 Months Ended
	Jun. 30, 2016
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
RECENT ACCOUNTING PRONOUNCEMENTS	RECENT ACCOUNTING PRONOUNCEMENTS In June 2014, the FASB issued ASU 2014-12, “Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period.” ASU 2014-12 requires that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition. As of June 30, 2016 , the Company did not have any share-based payment awards that included performance targets that could be achieved after the requisite service period. As such, the adoption of ASU 2014-12 on January 1, 2016 did not have a material impact on our consolidated financial statements. In February 2015, the FASB issued ASU 2015-02, “ Amendments to the Consolidation Analysis .” ASU 2015-02 changes the analysis that a reporting entity must perform to determine whether it should consolidate certain types of legal entities. Specifically, the amendments:1) modify the evaluation of whether limited partnerships and similar legal entities are variable interest entities (“VIEs”) or voting interest entities; 2) eliminate the presumption that a general partner should consolidate a limited partnership; 3) affect the consolidation analysis of reporting entities that are involved with VIEs, particularly those that have fee arrangements and related party relationships; 4) provide a scope exception from consolidation guidance for reporting entities with interests in legal entities that are required to comply with or operate in accordance with requirements that are similar to those in Rule 2a-7 of the Investment Company Act of 1940 for registered money market funds. All legal entities are subject to reevaluation under the revised consolidation model. The adoption of ASU 2015-02 on January 1, 2016 did not have a material impact on our consolidated financial statements.

INVESTMENT SECURITIES

INVESTMENT SECURITIES	6 Months Ended
	Jun. 30, 2016
Investments, Debt and Equity Securities [Abstract]
INVESTMENT SECURITIES	INVESTMENT SECURITIES A summary of held-to-maturity and available-for-sale investment securities are as follows: (dollars in thousands) Amortized Gross Gross Estimated June 30, 2016 Held-to-Maturity: Mortgage-backed securities: Residential - U.S. Government-sponsored entities $ 139,626 $ 835 $ — $ 140,461 Commercial - U.S. Government-sponsored entities 94,604 3,001 — 97,605 Total $ 234,230 $ 3,836 $ — $ 238,066 Available-for-Sale: Debt securities: States and political subdivisions $ 186,202 $ 7,680 $ (19 ) $ 193,863 Corporate securities 106,907 3,017 — 109,924 Mortgage-backed securities: Residential - U.S. Government-sponsored entities 738,692 12,222 (251 ) 750,663 Residential - Non-government agencies 58,734 2,736 — 61,470 Commercial - Non-government agencies 135,344 8,589 — 143,933 Other 660 80 — 740 Total $ 1,226,539 $ 34,324 $ (270 ) $ 1,260,593 (dollars in thousands) Amortized Gross Gross Estimated December 31, 2015 Held-to-Maturity: Mortgage-backed securities: Residential - U.S. Government-sponsored entities $ 152,315 $ 123 $ (2,915 ) $ 149,523 Commercial - U.S. Government-sponsored entities 95,602 — (989 ) 94,613 Total $ 247,917 $ 123 $ (3,904 ) $ 244,136 Available-for-Sale: Debt securities: States and political subdivisions $ 187,552 $ 3,819 $ (898 ) $ 190,473 Corporate securities 107,721 1,077 (227 ) 108,571 Mortgage-backed securities: Residential - U.S. Government-sponsored entities 771,657 5,885 (5,633 ) 771,909 Residential - Non-government agencies 64,286 733 (987 ) 64,032 Commercial - Non-government agencies 135,439 2,033 (1,118 ) 136,354 Other 848 68 — 916 Total $ 1,267,503 $ 13,615 $ (8,863 ) $ 1,272,255 The amortized cost and estimated fair value of investment securities at June 30, 2016 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. June 30, 2016 (dollars in thousands) Amortized Estimated Fair Held-to-Maturity: Mortgage-backed securities: Residential - U.S. Government-sponsored entities $ 139,626 $ 140,461 Commercial - U.S. Government-sponsored entities 94,604 97,605 Total $ 234,230 $ 238,066 Available-for-Sale: Due in one year or less $ 18,708 $ 18,803 Due after one year through five years 107,229 110,523 Due after five years through ten years 79,695 83,380 Due after ten years 87,477 91,081 Mortgage-backed securities: Residential - U.S. Government-sponsored entities 738,692 750,663 Residential - Non-government agencies 58,734 61,470 Commercial - Non-government agencies 135,344 143,933 Other 660 740 Total $ 1,226,539 $ 1,260,593 We did not sell any available-for-sale securities during the first and second quarters of 2016. During the three months ended June 30, 2015, we sold certain available-for-sale investment securities for gross proceeds of $117.5 million . Gross realized losses on the sale of the available-for-sale investment securities were $1.9 million during the three months ended June 30, 2015. The specific identification method was used as the basis for determining the cost of all securities sold. We did not sell any available-for-sale securities during the first quarter of 2015. Investment securities of $1.04 billion and $1.00 billion at June 30, 2016 and December 31, 2015 , respectively, were pledged to secure public funds on deposit and other long-term debt and short-term borrowings. Provided below is a summary of the 13 and 155 investment securities which were in an unrealized loss position at June 30, 2016 and December 31, 2015 , respectively, segregated by continuous length of impairment. Less Than 12 Months 12 Months or Longer Total (dollars in thousands) Fair Unrealized Fair Unrealized Fair Unrealized June 30, 2016 Debt securities: States and political subdivisions $ 3,263 $ (19 ) $ — $ — $ 3,263 $ (19 ) Corporate securities 5,000 — — — 5,000 — Mortgage-backed securities: Residential - U.S. Government-sponsored entities 21,250 (83 ) 69,502 (168 ) 90,752 (251 ) Total temporarily impaired securities $ 29,513 $ (102 ) $ 69,502 $ (168 ) $ 99,015 $ (270 ) Less Than 12 Months 12 Months or Longer Total (dollars in thousands) Fair Unrealized Fair Unrealized Fair Unrealized December 31, 2015 Debt securities: States and political subdivisions $ 30,481 $ (532 ) $ 12,576 $ (366 ) $ 43,057 $ (898 ) Corporate securities 32,977 (227 ) — — 32,977 (227 ) Mortgage-backed securities: Residential - U.S. Government-sponsored entities 507,525 (6,241 ) 88,271 (2,307 ) 595,796 (8,548 ) Residential - Non-government agencies 37,975 (987 ) — — 37,975 (987 ) Commercial - U.S. Government-sponsored entities 94,613 (989 ) — — 94,613 (989 ) Commercial - Non-government agencies 62,555 (961 ) 4,644 (157 ) 67,199 (1,118 ) Total temporarily impaired securities $ 766,126 $ (9,937 ) $ 105,491 $ (2,830 ) $ 871,617 $ (12,767 ) 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	6 Months Ended
	Jun. 30, 2016
Receivables [Abstract]
LOANS AND LEASES	LOANS AND LEASES Loans and leases, excluding loans held for sale, consisted of the following: (dollars in thousands) June 30, December 31, Commercial, financial and agricultural $ 503,580 $ 520,457 Real estate: Construction 98,687 85,196 Mortgage - residential 1,499,156 1,433,862 Mortgage - commercial 843,601 761,566 Consumer 456,669 408,024 Leases 843 1,028 Gross loans and leases 3,402,536 3,210,133 Net deferred costs 1,411 1,399 Total loans and leases, net of deferred costs $ 3,403,947 $ 3,211,532 During the six months ended June 30, 2016 , we transferred the collateral in one portfolio loan with a carrying value of $0.6 million to other real estate owned. We did not transfer any loans to the held-for-sale category. In addition, we did not sell any portfolio loans. In March 2016, we purchased a direct auto loan portfolio totaling $23.2 million which included a $0.3 million premium over the $22.9 million outstanding balance. At the time of purchase, the auto loans had a weighted average remaining term of 56 months and a weighted average yield of 3.38% . During the first quarter of 2016, we also purchased unsecured consumer loans totaling $29.2 million , which represented the outstanding balance at the time of purchases. At the time of purchases, the unsecured consumer loans had a weighted average remaining term of 38 months and a weighted average interest rate of 7.55% . In May 2016, we purchased a direct auto loan portfolio totaling $18.0 million which included a $0.5 million premium over the $17.5 million outstanding balance. At the time of purchase, the auto loans had a weighted average remaining term of 75 months and a weighted average yield of 3.75% . During the second quarter of 2016, we also purchased unsecured consumer loans totaling $7.3 million , which represented the outstanding balance at the time of purchases. At the time of purchases, the unsecured consumer loans had a weighted average remaining term of 37 months and a weighted average interest rate of 7.57% . During the six months ended June 30, 2015 , we transferred the collateral in six portfolio loans with a carrying value of $1.6 million to other real estate owned and two portfolio loans to a single borrower with a carrying value of $6.6 million to the held-for-sale category. No portfolio loans were sold or purchased during the six months ended June 30, 2015 . Impaired Loans The following tables present 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 June 30, 2016 and December 31, 2015 : Real Estate (dollars in thousands) Commercial, Financial & Agricultural Construction Mortgage -Residential Mortgage -Commercial Consumer Leases Unallocated Total June 30, 2016 Allowance for loan and lease losses: Ending balance attributable to loans: Individually evaluated for impairment $ — $ — $ — $ 39 $ — $ — $ — $ 39 Collectively evaluated for impairment 4,442 3,823 17,638 27,409 5,413 — — 58,725 Subtotal 4,442 3,823 17,638 27,448 5,413 — — 58,764 Unallocated — — — — — — 2,000 2,000 Total ending balance $ 4,442 $ 3,823 $ 17,638 $ 27,448 $ 5,413 $ — $ 2,000 $ 60,764 Loans and leases: Individually evaluated for impairment $ 2,132 $ 3,876 $ 24,745 $ 8,172 $ — $ — $ — $ 38,925 Collectively evaluated for impairment 501,448 94,811 1,474,411 835,429 456,669 843 — 3,363,611 Subtotal 503,580 98,687 1,499,156 843,601 456,669 843 — 3,402,536 Net deferred costs (income) 487 (259 ) 2,619 (1,017 ) (419 ) — — 1,411 Total loans and leases, net of deferred costs (income) $ 504,067 $ 98,428 $ 1,501,775 $ 842,584 $ 456,250 $ 843 $ — $ 3,403,947 Real Estate (dollars in thousands) Commercial, Financial & Agricultural Construction Mortgage -Residential Mortgage -Commercial Consumer Leases Unallocated Total December 31, 2015 Allowance for loan and lease losses: Ending balance attributable to loans: Individually evaluated for impairment $ — $ — $ — $ 51 $ — $ — $ — $ 51 Collectively evaluated for impairment 6,905 8,454 17,738 21,796 6,230 — — 61,123 Subtotal 6,905 8,454 17,738 21,847 6,230 — — 61,174 Unallocated — — — — — — 2,140 2,140 Total ending balance $ 6,905 $ 8,454 $ 17,738 $ 21,847 $ 6,230 $ — $ 2,140 $ 63,314 Loans and leases: Individually evaluated for impairment $ 1,044 $ 4,126 $ 22,716 $ 10,318 $ — $ — $ — $ 38,204 Collectively evaluated for impairment 519,413 81,070 1,411,146 751,248 408,024 1,028 — 3,171,929 Subtotal 520,457 85,196 1,433,862 761,566 408,024 1,028 — 3,210,133 Net deferred costs (income) 629 (311 ) 2,443 (817 ) (545 ) — — 1,399 Total loans and leases, net of deferred costs (income) $ 521,086 $ 84,885 $ 1,436,305 $ 760,749 $ 407,479 $ 1,028 $ — $ 3,211,532 The following tables present by class, information related to impaired loans as of June 30, 2016 and December 31, 2015 : (dollars in thousands) Unpaid Recorded Allowance June 30, 2016 Impaired loans with no related allowance recorded: Commercial, financial & agricultural $ 2,242 $ 2,132 $ — Real estate: Construction 10,222 3,876 — Mortgage - residential 26,624 24,745 — Mortgage - commercial 7,985 7,127 — Total impaired loans with no related allowance recorded 47,073 37,880 — Impaired loans with an allowance recorded: Real estate: Mortgage - commercial 1,045 1,045 39 Total impaired loans with an allowance recorded 1,045 1,045 39 Total $ 48,118 $ 38,925 $ 39 (dollars in thousands) Unpaid Recorded Allowance December 31, 2015 Impaired loans with no related allowance recorded: Commercial, financial & agricultural $ 1,155 $ 1,044 $ — Real estate: Construction 10,472 4,126 — Mortgage - residential 24,792 22,716 — Mortgage - commercial 10,010 9,152 — Total impaired loans with no related allowance recorded 46,429 37,038 — Impaired loans with an allowance recorded: Real estate: Mortgage - commercial 1,166 1,166 51 Total impaired loans with an allowance recorded 1,166 1,166 51 Total $ 47,595 $ 38,204 $ 51 The following table presents by class, the average recorded investment and interest income recognized on impaired loans for the three and six months ended June 30, 2016 and 2015 : Three Months Ended Six Months Ended June 30, 2016 June 30, 2015 June 30, 2016 June 30, 2015 (dollars in thousands) Average Interest Average Interest Average Interest Average Interest Commercial, financial & agricultural $ 2,176 $ 10 $ 6,911 $ 5 $ 1,799 $ 10 $ 10,278 $ 10 Real estate: Construction 3,917 34 4,518 26 3,982 70 4,608 112 Mortgage - residential 23,441 9 27,312 (7 ) 22,874 7 28,134 (6 ) Mortgage - commercial 8,786 37 16,438 175 9,463 71 19,595 339 Total $ 38,320 $ 90 $ 55,179 $ 199 $ 38,118 $ 158 $ 62,615 $ 455 Foreclosure Proceedings The Company had $1.5 million of residential mortgage loans collateralized by residential real estate property that were in the process of foreclosure at June 30, 2016 . 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 tables present by class, the aging of the recorded investment in past due loans and leases as of June 30, 2016 and December 31, 2015 : (dollars in thousands) Accruing Accruing Accruing Nonaccrual Total Loans and Total June 30, 2016 Commercial, financial & agricultural $ 678 $ 162 $ — $ 2,132 $ 2,972 $ 501,095 $ 504,067 Real estate: Construction — — — — — 98,428 98,428 Mortgage - residential 448 570 135 8,670 9,823 1,491,952 1,501,775 Mortgage - commercial — — — 3,073 3,073 839,511 842,584 Consumer 1,344 593 134 — 2,071 454,179 456,250 Leases — — — — — 843 843 Total $ 2,470 $ 1,325 $ 269 $ 13,875 $ 17,939 $ 3,386,008 $ 3,403,947 (dollars in thousands) Accruing Accruing Accruing Nonaccrual Total Loans and Total December 31, 2015 Commercial, financial & agricultural $ 276 $ 140 $ — $ 1,044 $ 1,460 $ 519,626 $ 521,086 Real estate: Construction — — — — — 84,885 84,885 Mortgage - residential 3,834 545 — 6,130 10,509 1,425,796 1,436,305 Mortgage - commercial 54 — — 7,094 7,148 753,601 760,749 Consumer 1,443 521 273 — 2,237 405,242 407,479 Leases — — — — — 1,028 1,028 Total $ 5,607 $ 1,206 $ 273 $ 14,268 $ 21,354 $ 3,190,178 $ 3,211,532 Modifications Troubled debt restructurings (“TDRs”) included in nonperforming assets at June 30, 2016 totaled $4.3 million and consisted of 21 Hawaii residential mortgage loans with a combined principal balance of $3.4 million and three Hawaii commercial, financial and agricultural loans with a combined principal balance of $0.9 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 $19.5 million of TDRs still accruing interest at June 30, 2016 , none of which were more than 90 days delinquent. At December 31, 2015 , there were $20.3 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. Loans that were not on nonaccrual status when 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 six months ended June 30, 2016 . The following table presents by class, information related to loans modified in a TDR during the three and six months ended June 30, 2015 . No loans were modified in a TDR during the three and six months ended June 30, 2016 . (dollars in thousands) Number Recorded Increase Three Months Ended June 30, 2015 Commercial, financial & agricultural 1 $ 535 $ — Six Months Ended June 30, 2015 Commercial, financial & agricultural 1 $ 535 $ — Real estate: Mortgage - commercial 1 964 — Total 2 $ 1,499 $ — No loans were modified as a TDR within the previous twelve months that subsequently defaulted during the three and six months ended June 30, 2016 and 2015 . 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 estimated 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 June 30, 2016 and December 31, 2015 : (dollars in thousands) Pass Special Substandard Loss Subtotal Net Total June 30, 2016 Commercial, financial & agricultural $ 498,041 $ 3,121 $ 2,418 $ — $ 503,580 $ 487 $ 504,067 Real estate: Construction 89,676 8,218 793 — 98,687 (259 ) 98,428 Mortgage - residential 1,490,237 114 8,805 — 1,499,156 2,619 1,501,775 Mortgage - commercial 785,582 42,500 15,519 — 843,601 (1,017 ) 842,584 Consumer 456,498 — 95 76 456,669 (419 ) 456,250 Leases 843 — — — 843 — 843 Total $ 3,320,877 $ 53,953 $ 27,630 $ 76 $ 3,402,536 $ 1,411 $ 3,403,947 December 31, 2015 Commercial, financial & agricultural $ 514,971 $ 2,168 $ 3,318 $ — $ 520,457 $ 629 $ 521,086 Real estate: Construction 83,601 808 787 — 85,196 (311 ) 84,885 Mortgage - residential 1,427,732 — 6,130 1,433,862 2,443 1,436,305 Mortgage - commercial 705,520 41,335 14,711 — 761,566 (817 ) 760,749 Consumer 407,778 95 151 — 408,024 (545 ) 407,479 Leases 1,028 — — — 1,028 — 1,028 Total $ 3,140,630 $ 44,406 $ 25,097 $ — $ 3,210,133 $ 1,399 $ 3,211,532 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 June 30, 2016 and December 31, 2015 , we did not have any loans that we considered to be subprime.

ALLOWANCE FOR LOAN AND LEASE LO

ALLOWANCE FOR LOAN AND LEASE LOSSES	6 Months Ended
	Jun. 30, 2016
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, Construction Mortgage - Mortgage - Consumer Leases Unallocated Total (Dollars in thousands) Three Months Ended June 30, 2016 Beginning balance $ 7,000 $ 4,128 $ 18,005 $ 25,173 $ 5,843 $ — $ 2,000 $ 62,149 Provision (credit) for loan and lease losses (3,006 ) (314 ) (544 ) 2,261 221 — (1,382 ) 3,994 3,814 17,461 27,434 6,064 — 2,000 60,767 Charge-offs 272 — — — 1,135 — — 1,407 Recoveries 720 9 177 14 484 — — 1,404 Net charge-offs (recoveries) (448 ) (9 ) (177 ) (14 ) 651 — — 3 Ending balance $ 4,442 $ 3,823 $ 17,638 $ 27,448 $ 5,413 $ — $ 2,000 $ 60,764 Three Months Ended June 30, 2015 Beginning balance $ 8,791 $ 14,305 $ 17,057 $ 20,161 $ 7,119 $ — $ 4,000 $ 71,433 Provision (credit) for loan and lease losses (498 ) (4,099 ) 442 (3,715 ) 1,050 1 (500 ) (7,319 ) 8,293 10,206 17,499 16,446 8,169 1 3,500 64,114 Charge-offs 4,003 — 50 — 1,214 — — 5,267 Recoveries 3,279 464 397 3,562 375 — — 8,077 Net charge-offs (recoveries) 724 (464 ) (347 ) (3,562 ) 839 — — (2,810 ) Ending balance $ 7,569 $ 10,670 $ 17,846 $ 20,008 $ 7,330 $ 1 $ 3,500 $ 66,924 Real Estate Commercial, Construction Mortgage - Mortgage - Consumer Leases Unallocated Total (Dollars in thousands) Six Months Ended June 30, 2016 Beginning balance $ 6,905 $ 8,454 $ 17,738 $ 21,847 $ 6,230 $ — $ 2,140 $ 63,314 Provision (credit) for loan and lease losses (2,908 ) (4,649 ) (314 ) 5,574 308 (140 ) (2,129 ) 3,997 3,805 17,424 27,421 6,538 — 2,000 61,185 Charge-offs 624 — — — 2,247 — — 2,871 Recoveries 1,069 18 214 27 1,122 — — 2,450 Net charge-offs (recoveries) (445 ) (18 ) (214 ) (27 ) 1,125 — — 421 Ending balance $ 4,442 $ 3,823 $ 17,638 $ 27,448 $ 5,413 $ — $ 2,000 $ 60,764 Six Months Ended June 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 (324 ) (4,886 ) (1,902 ) (4,436 ) 1,988 (6 ) (500 ) (10,066 ) 8,630 10,083 16,025 16,433 9,302 1 3,500 63,974 Charge-offs 4,934 — 64 — 3,055 — — 8,053 Recoveries 3,873 587 1,885 3,575 1,083 — — 11,003 Net charge-offs (recoveries) 1,061 (587 ) (1,821 ) (3,575 ) 1,972 — — (2,950 ) Ending balance $ 7,569 $ 10,670 $ 17,846 $ 20,008 $ 7,330 $ 1 $ 3,500 $ 66,924 Loans held for sale and other real estate assets are not included in our assessment of the Allowance. Our Provision was a credit of $1.4 million and $2.1 million in the three and six months ended June 30, 2016 , respectively, compared to a credit of $7.3 million and $10.1 million in the three and six months ended June 30, 2015 , 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	6 Months Ended
	Jun. 30, 2016
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 $2.6 million and $2.7 million at June 30, 2016 and December 31, 2015 , respectively. The fair values of these mortgage-backed securities were based on quoted prices of similar instruments in active markets. Unrealized gains of $0.2 million and $0.2 million on unsold mortgage-backed securities were recorded in accumulated other comprehensive income (“AOCI”) at June 30, 2016 and December 31, 2015 , respectively.

INVESTMENTS IN UNCONSOLIDATED S

INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES	6 Months Ended
	Jun. 30, 2016
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) June 30, December 31, Investments in low income housing tax credit partnerships $ 3,883 $ 2,699 Trust preferred investments 2,792 2,792 Investments in affiliates 475 612 Other 54 54 Total $ 7,204 $ 6,157 The Company had $1.7 million in unfunded low income housing commitments as of June 30, 2016 . The entire amount is expected to be paid in 2018. The Company did not have any unfunded low income housing commitments as of December 31, 2015 . Investments in low income housing tax credit (“LIHTC”) partnerships are accounted for using the cost method. The following table presents amortization and tax credits recognized associated with our investments in LIHTC partnerships for the three and six months ended June 30, 2016 and June 30, 2015 : (dollars in thousands) Three Months Ended Three Months Ended Six Months Ended Six Months Ended Cost method: Amortization expense in other operating expenses $ 258 $ 274 $ 515 $ 562 Tax credits recognized in income tax expense 337 312 674 640

OTHER INTANGIBLE ASSETS

OTHER INTANGIBLE ASSETS	6 Months Ended
	Jun. 30, 2016
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 six months ended June 30, 2016 : (dollars in thousands) Core Mortgage Total Balance, beginning of period $ 7,355 $ 17,797 $ 25,152 Additions — 1,245 1,245 Amortization (1,337 ) (3,264 ) (4,601 ) Balance, end of period $ 6,018 $ 15,778 $ 21,796 Income generated as the result of new mortgage servicing rights is reported as gains on sales of loans and totaled $0.7 million and $1.2 million for the three and six months ended June 30, 2016 , respectively, compared to $0.6 million and $1.2 million for the three and six months ended June 30, 2015 . Amortization of mortgage servicing rights was $1.8 million and $3.3 million for the three and six months ended June 30, 2016 , compared to $0.9 million and $2.3 million for the three and six months ended June 30, 2015 . The following table presents the fair market value and key assumptions used in determining the fair market value of our mortgage servicing rights: Six Months Ended June 30, (dollars in thousands) 2016 2015 Fair market value, beginning of period $ 18,345 $ 19,975 Fair market value, end of period 16,123 19,202 Weighted average discount rate 9.5 % 9.5 % Forecasted constant prepayment rate assumption 16.5 13.8 The gross carrying value and accumulated amortization related to our intangible assets are presented below: June 30, 2016 December 31, 2015 (dollars in thousands) Gross Accumulated Net Gross Accumulated Net Core deposit premium $ 44,642 $ (38,624 ) $ 6,018 $ 44,642 $ (37,287 ) $ 7,355 Mortgage servicing rights 60,246 (44,468 ) 15,778 59,001 (41,204 ) 17,797 Total $ 104,888 $ (83,092 ) $ 21,796 $ 103,643 $ (78,491 ) $ 25,152 Based on the core deposit premium and mortgage servicing rights held as of June 30, 2016 , estimated amortization expense for the remainder of fiscal year 2016 , 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 2016 (remainder) $ 1,338 $ 2,272 $ 3,610 2017 2,674 3,816 6,490 2018 2,006 3,030 5,036 2019 — 2,484 2,484 2020 — 2,074 2,074 2021 — 1,647 1,647 Thereafter — 455 455 $ 6,018 $ 15,778 $ 21,796 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	6 Months Ended
	Jun. 30, 2016
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 cash flow 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. At June 30, 2016 , we were not party to any cash flow hedging instruments. 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 June 30, 2016 , we were a party to interest rate lock and forward sale commitments on $11.4 million and $20.8 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 Financial Instruments Not Designated as Hedging Instruments Balance Sheet June 30, 2016 December 31, 2015 June 30, 2016 December 31, 2015 (dollars in thousands) Interest rate lock and forward sale commitments Other assets / other liabilities $ 138 $ 68 $ 188 $ 9 The following table presents the impact of derivative instruments and their location within the consolidated statements of income: Derivatives Financial Instruments Location of Gain (Loss) Amount of Gain (Loss) (dollars in thousands) Three Months Ended June 30, 2016 Interest rate lock and forward sale commitments Other operating income $ (29 ) Three Months Ended June 30, 2015 Interest rate lock and forward sale commitments Other operating income (198 ) Six Months Ended June 30, 2016 Interest rate lock and forward sale commitments Other operating income (108 ) Six Months Ended June 30, 2015 Interest rate lock and forward sale commitments Other operating income 268

SHORT-TERM BORROWINGS AND LONG-

SHORT-TERM BORROWINGS AND LONG-TERM DEBT	6 Months Ended
	Jun. 30, 2016
Debt Disclosure [Abstract]
SHORT-TERM BORROWINGS AND LONG-TERM DEBT	SHORT-TERM BORROWINGS AND LONG-TERM DEBT The bank is a member of the Federal Home Loan Bank of Des Moines (the “FHLB”) and maintained a $1.32 billion line of credit as of June 30, 2016 , of which $1.09 billion was undrawn under this arrangement at June 30, 2016 . Short-term borrowings under this arrangement totaled $226.0 million at June 30, 2016 , compared to $69.0 million at December 31, 2015 . There were no long-term borrowings under this arrangement at June 30, 2016 and December 31, 2015 . FHLB advances outstanding at June 30, 2016 were secured by unencumbered investment securities with a fair value of $0.3 million and certain real estate loans with a carrying value of $1.73 billion in accordance with the collateral provisions of the Advances, Security and Deposit Agreement with the FHLB. At June 30, 2016 and December 31, 2015 , our bank had additional unused borrowings available at the Federal Reserve discount window of $67.2 million and $40.8 million , respectively. As of June 30, 2016 and December 31, 2015 , certain commercial and commercial real estate loans with a carrying value totaling $140.7 million and $87.3 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	6 Months Ended
	Jun. 30, 2016
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). Subsequently, our Board of Directors determined in January 2016 that it was no longer necessary to continue the Tax Benefits Preservation Plan because we have utilized a significant portion of our tax benefits and we expect to be able to utilize the remaining benefits even if an ownership change occurs. As a result, our Tax Benefits Preservation Plan expired in accordance with its terms on 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. Subsequently, our Board of Directors determined in January 2016 that it was no longer necessary to continue the Protective Charter Amendment because we had utilized a significant portion of our tax benefits and we expect to be able to utilize the remaining benefits even if an ownership change occurs. As a result, our Protective Charter Amendment expired in accordance with its terms on May 2, 2016. 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 June 30, 2016 , the bank had Statutory Retained Earnings of $66.6 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. In January 2016, the Board of Directors authorized the repurchase of up to $30.0 million of the Company's common stock from time to time in the open market or in privately negotiated transactions, pursuant to a newly authorized share repurchase program (the "2016 Repurchase Plan"). The 2016 Repurchase Plan replaces and supersedes in its entirety the CPF Repurchase Plan previously approved by the Company's Board of Directors. In the six months ended June 30, 2016 , 492,922 shares of common stock, at a cost of $10.5 million , were repurchased under the 2016 Repurchase Plan.

SHARE-BASED COMPENSATION

SHARE-BASED COMPENSATION	6 Months Ended
	Jun. 30, 2016
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 six months ended June 30, 2016 : Shares Weighted Non-vested restricted stock awards and units, beginning of period 463,917 $ 17.41 Changes during the period: Granted 175,106 22.27 Vested (244,908 ) 15.66 Forfeited (3,418 ) 19.02 Non-vested restricted stock awards and units, end of period 390,697 20.68

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	6 Months Ended
	Jun. 30, 2016
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) The following tables present the components of other comprehensive income for the three and six months ended June 30, 2016 and 2015 , by component: (dollars in thousands) Before Tax Tax Effect Net of Tax Three Months Ended June 30, 2016 Net unrealized gains on investment securities: Net unrealized gains arising during the period $ 9,737 $ 3,871 $ 5,866 Less: Reclassification adjustment for gains realized in net income — — — Net unrealized gains on investment securities 9,737 3,871 5,866 Defined benefit plans: Amortization of net actuarial losses 366 124 242 Amortization of net transition obligation 4 1 3 Amortization of prior service cost 5 1 4 Defined benefit plans, net 375 126 249 Other comprehensive income $ 10,112 $ 3,997 $ 6,115 (dollars in thousands) Before Tax Tax Effect Net of Tax Three Months Ended June 30, 2015 Net unrealized losses on investment securities: Net unrealized losses arising during the period $ (20,752 ) $ (8,259 ) $ (12,493 ) Less: Reclassification adjustment for losses realized in net income 1,866 743 1,123 Net unrealized losses on investment securities (18,886 ) (7,516 ) (11,370 ) Defined benefit plans: Amortization of net actuarial losses 421 170 251 Amortization of net transition obligation 4 2 2 Amortization of prior service cost 5 2 3 Defined benefit plans, net 430 174 256 Other comprehensive loss $ (18,456 ) $ (7,342 ) $ (11,114 ) (dollars in thousands) Before Tax Tax Effect Net of Tax Six Months Ended June 30, 2016 Net unrealized gains on investment securities: Net unrealized gains arising during the period $ 29,420 $ 11,701 $ 17,719 Less: Reclassification adjustment for gains realized in net income — — — Net unrealized gains on investment securities 29,420 11,701 17,719 Defined benefit plans: Amortization of net actuarial losses 733 248 485 Amortization of net transition obligation 8 2 6 Amortization of prior service cost 10 2 8 Defined benefit plans, net 751 252 499 Other comprehensive income $ 30,171 $ 11,953 $ 18,218 Six Months Ended June 30, 2015 Net unrealized losses on investment securities: Net unrealized losses arising during the period $ (9,276 ) $ (3,692 ) $ (5,584 ) Less: Reclassification adjustment for losses realized in net income 1,866 743 1,123 Net unrealized losses on investment securities (7,410 ) (2,949 ) (4,461 ) Defined benefit plans: Amortization of net actuarial losses 841 335 506 Amortization of net transition obligation 8 4 4 Amortization of prior service cost 10 4 6 Defined benefit plans, net 859 343 516 Other comprehensive loss $ (6,551 ) $ (2,606 ) $ (3,945 ) The following tables present the changes in each component of AOCI, net of tax, for the three and six months ended June 30, 2016 and 2015 : (dollars in thousands) Investment Defined Accumulated Three Months Ended June 30, 2016 Balance at beginning of period $ 21,034 $ (8,728 ) $ 12,306 Other comprehensive income before reclassifications 5,866 — 5,866 Amounts reclassified from AOCI — 249 249 Total other comprehensive income 5,866 249 6,115 Balance at end of period $ 26,900 $ (8,479 ) $ 18,421 (dollars in thousands) Investment Defined Accumulated Three Months Ended June 30, 2015 Balance at beginning of period $ 20,495 $ (10,167 ) $ 10,328 Other comprehensive loss before reclassifications (12,493 ) — (12,493 ) Amounts reclassified from AOCI 1,123 256 1,379 Total other comprehensive (loss) income (11,370 ) 256 (11,114 ) Balance at end of period $ 9,125 $ (9,911 ) $ (786 ) (dollars in thousands) Investment Defined Accumulated Six Months Ended June 30, 2016 Balance at beginning of period $ 9,181 $ (8,978 ) $ 203 Other comprehensive income before reclassifications 17,719 — 17,719 Amounts reclassified from AOCI — 499 499 Total other comprehensive income 17,719 499 18,218 Balance at end of period $ 26,900 $ (8,479 ) $ 18,421 (dollars in thousands) Investment Defined Accumulated Six Months Ended June 30, 2015 Balance at beginning of period $ 13,586 $ (10,427 ) $ 3,159 Other comprehensive loss before reclassifications (5,584 ) — (5,584 ) Amounts reclassified from AOCI 1,123 516 1,639 Total other comprehensive (loss) income (4,461 ) 516 (3,945 ) Balance at end of period $ 9,125 $ (9,911 ) $ (786 ) The following table presents the amounts reclassified out of each component of AOCI for the three and six months ended June 30, 2016 and 2015 : Amount Reclassified from AOCI Affected Line Item in the Statement Where Net Income is Presented Details about AOCI Components Three months ended June 30, (dollars in thousands) 2016 2015 Sale of investment securities available for sale $ — $ (1,866 ) Investment securities losses — 743 Tax benefit $ — $ (1,123 ) Net of tax Amortization of defined benefit retirement and supplemental executive retirement plan items Net actuarial losses $ (366 ) $ (421 ) (1) Net transition obligation (4 ) (4 ) (1) Prior service cost (5 ) (5 ) (1) (375 ) (430 ) Total before tax 126 174 Tax benefit $ (249 ) $ (256 ) Net of tax Total reclassifications for the period $ (249 ) $ (1,379 ) Net of tax Amount Reclassified from AOCI Affected Line Item in the Statement Where Net Income is Presented Details about AOCI Components Six months ended June 30, (dollars in thousands) 2016 2015 Sale of investment securities available for sale $ — $ (1,866 ) Investment securities losses — 743 Tax benefit $ — $ (1,123 ) Net of tax Amortization of defined benefit retirement and supplemental executive retirement plan items Net actuarial losses $ (733 ) $ (841 ) (1) Net transition obligation (8 ) (8 ) (1) Prior service cost (10 ) (10 ) (1) (751 ) (859 ) Total before tax 252 343 Tax benefit $ (499 ) $ (516 ) Net of tax Total reclassifications for the period $ (499 ) $ (1,639 ) 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	6 Months Ended
	Jun. 30, 2016
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 Six Months Ended (dollars in thousands) 2016 2015 2016 2015 Interest cost $ 344 $ 348 $ 687 $ 696 Expected return on plan assets (439 ) (472 ) (878 ) (944 ) Amortization of net actuarial losses 354 393 708 786 Net periodic cost $ 259 $ 269 $ 517 $ 538 Our bank also established Supplemental Executive Retirement Plans (“SERPs”), which provide certain (current and former) officers of our bank with supplemental retirement benefits. We have not entered into a SERP since December 31, 2008. The following table sets forth the components of net periodic benefit cost for the SERPs: Three Months Ended Six Months Ended (dollars in thousands) 2016 2015 2016 2015 Interest cost $ 117 $ 110 $ 233 $ 220 Amortization of net actuarial losses 12 28 25 55 Amortization of net transition obligation 4 4 8 8 Amortization of prior service cost 5 5 10 10 Net periodic cost $ 138 $ 147 $ 276 $ 293

EARNINGS PER SHARE

EARNINGS PER SHARE	6 Months Ended
	Jun. 30, 2016
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 Six Months Ended (dollars in thousands, except per share data) 2016 2015 2016 2015 Net income $ 12,137 $ 12,335 $ 23,318 $ 22,730 Weighted average shares outstanding - basic 31,060,593 31,525,075 31,162,013 33,166,987 Dilutive effect of employee stock options and awards 201,932 427,947 197,555 421,246 Weighted average shares outstanding - diluted 31,262,525 31,953,022 31,359,568 33,588,233 Basic earnings per common share $ 0.39 $ 0.39 $ 0.75 $ 0.69 Diluted earnings per common share $ 0.39 $ 0.39 $ 0.74 $ 0.68 A total of 8,227 and 9,439 potentially dilutive securities have been excluded from the dilutive share calculation for the three and six months ended June 30, 2016 , respectively, as their effect was anti-dilutive, compared to 12,996 for the three and six months ended June 30, 2015 .

FAIR VALUE OF FINANCIAL ASSETS

FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES	6 Months Ended
	Jun. 30, 2016
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 third-party pricing services. The third-party pricing services utilize pricing models supported with timely market data information. 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 market 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 June 30, 2016 Financial assets Cash and due from banks $ 76,482 $ 76,482 $ 76,482 $ — $ — Interest-bearing deposits in other banks 14,184 14,184 14,184 — — Investment securities 1,494,823 1,498,659 740 1,484,604 13,315 Loans held for sale 9,921 9,921 — — 9,921 Net loans and leases 3,343,183 3,334,957 — 38,925 3,296,032 Accrued interest receivable 15,339 15,339 15,339 — — Financial liabilities Deposits: Noninterest-bearing deposits 1,152,666 1,152,666 1,152,666 — — Interest-bearing demand and savings deposits 2,217,752 2,217,752 2,217,752 — — Time deposits 1,034,724 1,035,776 — — 1,035,776 Short-term borrowings 226,000 226,000 — 226,000 — Long-term debt 92,785 66,110 — 66,110 — Accrued interest payable (included in other liabilities) 1,385 1,385 1,385 — — Off-balance sheet financial instruments Commitments to extend credit 797,008 1,006 — 1,006 — Standby letters of credit and financial guarantees written 14,589 219 — 219 — Derivatives: Interest rate lock commitments 11,403 136 — 136 — Forward sale commitments 20,775 (186 ) — (186 ) — 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, 2015 Financial assets Cash and due from banks $ 71,797 $ 71,797 $ 71,797 $ — $ — Interest-bearing deposits in other banks 8,397 8,397 8,397 — — Investment securities 1,520,172 1,516,391 916 1,502,996 12,479 Loans held for sale 14,109 14,109 — — 14,109 Net loans and leases 3,148,218 3,094,404 — 38,205 3,056,199 Accrued interest receivable 14,898 14,898 14,898 — — Financial liabilities Deposits: Noninterest-bearing deposits 1,145,244 1,145,244 1,145,244 — — Interest-bearing demand and savings deposits 2,223,988 2,223,988 2,223,988 — — Time deposits 1,064,207 1,064,255 — — 1,064,255 Short-term borrowings 69,000 69,000 — 69,000 — Long-term debt 92,785 67,421 — 67,421 — Accrued interest payable (included in other liabilities) 1,072 1,072 1,072 — — Off-balance sheet financial instruments Commitments to extend credit 801,835 1,014 — 1,014 — Standby letters of credit and financial guarantees written 13,434 202 — 202 — Derivatives: Interest rate lock commitments 24,009 43 — 43 — Forward sale commitments 9,973 15 — 15 — 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 six months ended June 30, 2016 . The following tables present the balances of assets and liabilities measured at fair value on a recurring basis as of June 30, 2016 and December 31, 2015 : Fair Value at Reporting Date Using (dollars in thousands) Fair Value Quoted Significant Significant June 30, 2016 Available for sale securities: Debt securities: States and political subdivisions $ 193,863 $ — $ 180,548 $ 13,315 Corporate securities 109,924 — 109,924 — Mortgage-backed securities: Residential - U.S. Government sponsored entities 750,663 — 750,663 — Residential - Non-government agencies 61,470 — 61,470 — Commercial - Non-government agencies 143,933 — 143,933 — Other 740 740 — — Total available for sale securities 1,260,593 740 1,246,538 13,315 Derivatives - Interest rate lock and forward sale commitments (50 ) — (50 ) — Total $ 1,260,543 $ 740 $ 1,246,488 $ 13,315 Fair Value at Reporting Date Using (dollars in thousands) Fair Value Quoted Significant Significant December 31, 2015 Available for sale securities: Debt securities: States and political subdivisions $ 190,473 $ — $ 177,994 $ 12,479 Corporate securities 108,571 — 108,571 — Mortgage-backed securities: Residential - U.S. Government sponsored entities 771,909 — 771,909 — Residential - Non-government agencies 64,032 — 64,032 — Commercial - Non-government agencies 136,354 — 136,354 — Other 916 916 — — Total available for sale securities 1,272,255 916 1,258,860 12,479 Derivatives - Interest rate lock and forward sale commitments 59 — 59 — Total $ 1,272,314 $ 916 $ 1,258,919 $ 12,479 For the six months ended June 30, 2016 and 2015 , 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, 2015 $ 12,479 Principal payments received (166 ) Unrealized net gain included in other comprehensive income 1,002 Balance at June 30, 2016 $ 13,315 Balance at December 31, 2014 $ 13,095 Principal payments received (812 ) Unrealized net gain included in other comprehensive income 345 Balance at June 30, 2015 $ 12,628 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 $13.3 million and $12.6 million at June 30, 2016 and June 30, 2015 , 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 June 30, 2016 , 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 June 30, 2016 and December 31, 2015 , 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 June 30, 2016 Impaired loans (1) $ 38,886 $ — $ 38,886 $ — Other real estate (2) 1,032 — 1,032 — December 31, 2015 Impaired loans (1) $ 38,153 $ — $ 38,153 $ — Other real estate (2) 1,962 — 1,962 — (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	6 Months Ended
	Jun. 30, 2016
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, 2015 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 June 30, 2016 Net interest income $ 31,985 $ 7,624 $ — $ 39,609 Inter-segment net interest income (expense) 9,435 (6,900 ) (2,535 ) — Credit for loan and lease losses 1,382 — — 1,382 Other operating income 6,493 1,397 3,802 11,692 Other operating expense (14,904 ) (439 ) (18,872 ) (34,215 ) Administrative and overhead expense allocation (16,709 ) (194 ) 16,903 — Income before taxes 17,682 1,488 (702 ) 18,468 Income tax (expense) benefit (6,078 ) (513 ) 260 (6,331 ) Net income (loss) $ 11,604 $ 975 $ (442 ) $ 12,137 (dollars in thousands) Banking Treasury All Others Total Three Months Ended June 30, 2015 Net interest income $ 28,837 $ 8,457 $ — $ 37,294 Inter-segment net interest income (expense) 11,348 (8,067 ) (3,281 ) — Credit for loan and lease losses 7,319 — — 7,319 Other operating income 6,008 (1,322 ) 3,438 8,124 Other operating expense (15,354 ) (493 ) (16,611 ) (32,458 ) Administrative and overhead expense allocation (15,937 ) (266 ) 16,203 — Income before taxes 22,221 (1,691 ) (251 ) 20,279 Income tax (expense) benefit (7,776 ) 591 (759 ) (7,944 ) Net income (loss) $ 14,445 $ (1,100 ) $ (1,010 ) $ 12,335 (dollars in thousands) Banking Treasury All Others Total Six Months Ended June 30, 2016 Net interest income $ 62,936 $ 15,884 $ — $ 78,820 Inter-segment net interest income (expense) 19,993 (13,917 ) (6,076 ) — Credit for loan and lease losses 2,129 — — 2,129 Other operating income 12,027 2,142 7,688 21,857 Other operating expense (29,647 ) (827 ) (36,616 ) (67,090 ) Administrative and overhead expense allocation (28,141 ) (390 ) 28,531 — Income before taxes 39,297 2,892 (6,473 ) 35,716 Income tax (expense) benefit (13,644 ) (1,004 ) 2,250 (12,398 ) Net income (loss) $ 25,653 $ 1,888 $ (4,223 ) $ 23,318 (dollars in thousands) Banking Treasury All Others Total Six Months Ended June 30, 2015 Net interest income $ 56,691 $ 16,838 $ — $ 73,529 Inter-segment net interest income (expense) 21,650 (16,765 ) (4,885 ) — Credit for loan and lease losses 10,066 — — 10,066 Other operating income 12,454 (295 ) 7,155 19,314 Other operating expense (30,178 ) (971 ) (35,327 ) (66,476 ) Administrative and overhead expense allocation (28,041 ) (554 ) 28,595 — Income before taxes 42,642 (1,747 ) (4,462 ) 36,433 Income tax (expense) benefit (14,924 ) 611 610 (13,703 ) Net income $ 27,718 $ (1,136 ) $ (3,852 ) $ 22,730 (dollars in thousands) Banking Treasury All Others Total At June 30, 2016: Investment securities $ — $ 1,494,823 $ — $ 1,494,823 Loans and leases (including loans held for sale) 3,413,868 — — 3,413,868 Other 49,802 235,554 88,920 374,276 Total assets $ 3,463,670 $ 1,730,377 $ 88,920 $ 5,282,967 (dollars in thousands) Banking Treasury All Others Total At December 31, 2015: Investment securities $ — $ 1,520,172 $ — $ 1,520,172 Loans and leases (including loans held for sale) 3,225,641 — — 3,225,641 Other 74,963 226,172 84,340 385,475 Total assets $ 3,300,604 $ 1,746,344 $ 84,340 $ 5,131,288

LEGAL PROCEEDINGS

LEGAL PROCEEDINGS	6 Months Ended
	Jun. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
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)	6 Months Ended
	Jun. 30, 2016
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Recent Accounting Pronouncements	In June 2014, the FASB issued ASU 2014-12, “Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period.” ASU 2014-12 requires that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition. As of June 30, 2016 , the Company did not have any share-based payment awards that included performance targets that could be achieved after the requisite service period. As such, the adoption of ASU 2014-12 on January 1, 2016 did not have a material impact on our consolidated financial statements. In February 2015, the FASB issued ASU 2015-02, “ Amendments to the Consolidation Analysis .” ASU 2015-02 changes the analysis that a reporting entity must perform to determine whether it should consolidate certain types of legal entities. Specifically, the amendments:1) modify the evaluation of whether limited partnerships and similar legal entities are variable interest entities (“VIEs”) or voting interest entities; 2) eliminate the presumption that a general partner should consolidate a limited partnership; 3) affect the consolidation analysis of reporting entities that are involved with VIEs, particularly those that have fee arrangements and related party relationships; 4) provide a scope exception from consolidation guidance for reporting entities with interests in legal entities that are required to comply with or operate in accordance with requirements that are similar to those in Rule 2a-7 of the Investment Company Act of 1940 for registered money market funds. All legal entities are subject to reevaluation under the revised consolidation model. The adoption of ASU 2015-02 on January 1, 2016 did not have a material impact on our consolidated financial statements.

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	6 Months Ended
	Jun. 30, 2016
Investments, Debt and Equity Securities [Abstract]
Summary of available for sale and held to maturity investment securities	A summary of held-to-maturity and available-for-sale investment securities are as follows: (dollars in thousands) Amortized Gross Gross Estimated June 30, 2016 Held-to-Maturity: Mortgage-backed securities: Residential - U.S. Government-sponsored entities $ 139,626 $ 835 $ — $ 140,461 Commercial - U.S. Government-sponsored entities 94,604 3,001 — 97,605 Total $ 234,230 $ 3,836 $ — $ 238,066 Available-for-Sale: Debt securities: States and political subdivisions $ 186,202 $ 7,680 $ (19 ) $ 193,863 Corporate securities 106,907 3,017 — 109,924 Mortgage-backed securities: Residential - U.S. Government-sponsored entities 738,692 12,222 (251 ) 750,663 Residential - Non-government agencies 58,734 2,736 — 61,470 Commercial - Non-government agencies 135,344 8,589 — 143,933 Other 660 80 — 740 Total $ 1,226,539 $ 34,324 $ (270 ) $ 1,260,593 (dollars in thousands) Amortized Gross Gross Estimated December 31, 2015 Held-to-Maturity: Mortgage-backed securities: Residential - U.S. Government-sponsored entities $ 152,315 $ 123 $ (2,915 ) $ 149,523 Commercial - U.S. Government-sponsored entities 95,602 — (989 ) 94,613 Total $ 247,917 $ 123 $ (3,904 ) $ 244,136 Available-for-Sale: Debt securities: States and political subdivisions $ 187,552 $ 3,819 $ (898 ) $ 190,473 Corporate securities 107,721 1,077 (227 ) 108,571 Mortgage-backed securities: Residential - U.S. Government-sponsored entities 771,657 5,885 (5,633 ) 771,909 Residential - Non-government agencies 64,286 733 (987 ) 64,032 Commercial - Non-government agencies 135,439 2,033 (1,118 ) 136,354 Other 848 68 — 916 Total $ 1,267,503 $ 13,615 $ (8,863 ) $ 1,272,255
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 June 30, 2016 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. June 30, 2016 (dollars in thousands) Amortized Estimated Fair Held-to-Maturity: Mortgage-backed securities: Residential - U.S. Government-sponsored entities $ 139,626 $ 140,461 Commercial - U.S. Government-sponsored entities 94,604 97,605 Total $ 234,230 $ 238,066 Available-for-Sale: Due in one year or less $ 18,708 $ 18,803 Due after one year through five years 107,229 110,523 Due after five years through ten years 79,695 83,380 Due after ten years 87,477 91,081 Mortgage-backed securities: Residential - U.S. Government-sponsored entities 738,692 750,663 Residential - Non-government agencies 58,734 61,470 Commercial - Non-government agencies 135,344 143,933 Other 660 740 Total $ 1,226,539 $ 1,260,593
Schedule of investment securities in an unrealized loss position	Provided below is a summary of the 13 and 155 investment securities which were in an unrealized loss position at June 30, 2016 and December 31, 2015 , respectively, segregated by continuous length of impairment. Less Than 12 Months 12 Months or Longer Total (dollars in thousands) Fair Unrealized Fair Unrealized Fair Unrealized June 30, 2016 Debt securities: States and political subdivisions $ 3,263 $ (19 ) $ — $ — $ 3,263 $ (19 ) Corporate securities 5,000 — — — 5,000 — Mortgage-backed securities: Residential - U.S. Government-sponsored entities 21,250 (83 ) 69,502 (168 ) 90,752 (251 ) Total temporarily impaired securities $ 29,513 $ (102 ) $ 69,502 $ (168 ) $ 99,015 $ (270 ) Less Than 12 Months 12 Months or Longer Total (dollars in thousands) Fair Unrealized Fair Unrealized Fair Unrealized December 31, 2015 Debt securities: States and political subdivisions $ 30,481 $ (532 ) $ 12,576 $ (366 ) $ 43,057 $ (898 ) Corporate securities 32,977 (227 ) — — 32,977 (227 ) Mortgage-backed securities: Residential - U.S. Government-sponsored entities 507,525 (6,241 ) 88,271 (2,307 ) 595,796 (8,548 ) Residential - Non-government agencies 37,975 (987 ) — — 37,975 (987 ) Commercial - U.S. Government-sponsored entities 94,613 (989 ) — — 94,613 (989 ) Commercial - Non-government agencies 62,555 (961 ) 4,644 (157 ) 67,199 (1,118 ) Total temporarily impaired securities $ 766,126 $ (9,937 ) $ 105,491 $ (2,830 ) $ 871,617 $ (12,767 )

LOANS AND LEASES (Tables)

LOANS AND LEASES (Tables)	6 Months Ended
	Jun. 30, 2016
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) June 30, December 31, Commercial, financial and agricultural $ 503,580 $ 520,457 Real estate: Construction 98,687 85,196 Mortgage - residential 1,499,156 1,433,862 Mortgage - commercial 843,601 761,566 Consumer 456,669 408,024 Leases 843 1,028 Gross loans and leases 3,402,536 3,210,133 Net deferred costs 1,411 1,399 Total loans and leases, net of deferred costs $ 3,403,947 $ 3,211,532
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 tables present 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 June 30, 2016 and December 31, 2015 : Real Estate (dollars in thousands) Commercial, Financial & Agricultural Construction Mortgage -Residential Mortgage -Commercial Consumer Leases Unallocated Total June 30, 2016 Allowance for loan and lease losses: Ending balance attributable to loans: Individually evaluated for impairment $ — $ — $ — $ 39 $ — $ — $ — $ 39 Collectively evaluated for impairment 4,442 3,823 17,638 27,409 5,413 — — 58,725 Subtotal 4,442 3,823 17,638 27,448 5,413 — — 58,764 Unallocated — — — — — — 2,000 2,000 Total ending balance $ 4,442 $ 3,823 $ 17,638 $ 27,448 $ 5,413 $ — $ 2,000 $ 60,764 Loans and leases: Individually evaluated for impairment $ 2,132 $ 3,876 $ 24,745 $ 8,172 $ — $ — $ — $ 38,925 Collectively evaluated for impairment 501,448 94,811 1,474,411 835,429 456,669 843 — 3,363,611 Subtotal 503,580 98,687 1,499,156 843,601 456,669 843 — 3,402,536 Net deferred costs (income) 487 (259 ) 2,619 (1,017 ) (419 ) — — 1,411 Total loans and leases, net of deferred costs (income) $ 504,067 $ 98,428 $ 1,501,775 $ 842,584 $ 456,250 $ 843 $ — $ 3,403,947 Real Estate (dollars in thousands) Commercial, Financial & Agricultural Construction Mortgage -Residential Mortgage -Commercial Consumer Leases Unallocated Total December 31, 2015 Allowance for loan and lease losses: Ending balance attributable to loans: Individually evaluated for impairment $ — $ — $ — $ 51 $ — $ — $ — $ 51 Collectively evaluated for impairment 6,905 8,454 17,738 21,796 6,230 — — 61,123 Subtotal 6,905 8,454 17,738 21,847 6,230 — — 61,174 Unallocated — — — — — — 2,140 2,140 Total ending balance $ 6,905 $ 8,454 $ 17,738 $ 21,847 $ 6,230 $ — $ 2,140 $ 63,314 Loans and leases: Individually evaluated for impairment $ 1,044 $ 4,126 $ 22,716 $ 10,318 $ — $ — $ — $ 38,204 Collectively evaluated for impairment 519,413 81,070 1,411,146 751,248 408,024 1,028 — 3,171,929 Subtotal 520,457 85,196 1,433,862 761,566 408,024 1,028 — 3,210,133 Net deferred costs (income) 629 (311 ) 2,443 (817 ) (545 ) — — 1,399 Total loans and leases, net of deferred costs (income) $ 521,086 $ 84,885 $ 1,436,305 $ 760,749 $ 407,479 $ 1,028 $ — $ 3,211,532
Schedule of impaired loans, by class	The following tables present by class, information related to impaired loans as of June 30, 2016 and December 31, 2015 : (dollars in thousands) Unpaid Recorded Allowance June 30, 2016 Impaired loans with no related allowance recorded: Commercial, financial & agricultural $ 2,242 $ 2,132 $ — Real estate: Construction 10,222 3,876 — Mortgage - residential 26,624 24,745 — Mortgage - commercial 7,985 7,127 — Total impaired loans with no related allowance recorded 47,073 37,880 — Impaired loans with an allowance recorded: Real estate: Mortgage - commercial 1,045 1,045 39 Total impaired loans with an allowance recorded 1,045 1,045 39 Total $ 48,118 $ 38,925 $ 39 (dollars in thousands) Unpaid Recorded Allowance December 31, 2015 Impaired loans with no related allowance recorded: Commercial, financial & agricultural $ 1,155 $ 1,044 $ — Real estate: Construction 10,472 4,126 — Mortgage - residential 24,792 22,716 — Mortgage - commercial 10,010 9,152 — Total impaired loans with no related allowance recorded 46,429 37,038 — Impaired loans with an allowance recorded: Real estate: Mortgage - commercial 1,166 1,166 51 Total impaired loans with an allowance recorded 1,166 1,166 51 Total $ 47,595 $ 38,204 $ 51
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 six months ended June 30, 2016 and 2015 : Three Months Ended Six Months Ended June 30, 2016 June 30, 2015 June 30, 2016 June 30, 2015 (dollars in thousands) Average Interest Average Interest Average Interest Average Interest Commercial, financial & agricultural $ 2,176 $ 10 $ 6,911 $ 5 $ 1,799 $ 10 $ 10,278 $ 10 Real estate: Construction 3,917 34 4,518 26 3,982 70 4,608 112 Mortgage - residential 23,441 9 27,312 (7 ) 22,874 7 28,134 (6 ) Mortgage - commercial 8,786 37 16,438 175 9,463 71 19,595 339 Total $ 38,320 $ 90 $ 55,179 $ 199 $ 38,118 $ 158 $ 62,615 $ 455
Schedule of aging of the recorded investment in past due loans and leases, by class	The following tables present by class, the aging of the recorded investment in past due loans and leases as of June 30, 2016 and December 31, 2015 : (dollars in thousands) Accruing Accruing Accruing Nonaccrual Total Loans and Total June 30, 2016 Commercial, financial & agricultural $ 678 $ 162 $ — $ 2,132 $ 2,972 $ 501,095 $ 504,067 Real estate: Construction — — — — — 98,428 98,428 Mortgage - residential 448 570 135 8,670 9,823 1,491,952 1,501,775 Mortgage - commercial — — — 3,073 3,073 839,511 842,584 Consumer 1,344 593 134 — 2,071 454,179 456,250 Leases — — — — — 843 843 Total $ 2,470 $ 1,325 $ 269 $ 13,875 $ 17,939 $ 3,386,008 $ 3,403,947 (dollars in thousands) Accruing Accruing Accruing Nonaccrual Total Loans and Total December 31, 2015 Commercial, financial & agricultural $ 276 $ 140 $ — $ 1,044 $ 1,460 $ 519,626 $ 521,086 Real estate: Construction — — — — — 84,885 84,885 Mortgage - residential 3,834 545 — 6,130 10,509 1,425,796 1,436,305 Mortgage - commercial 54 — — 7,094 7,148 753,601 760,749 Consumer 1,443 521 273 — 2,237 405,242 407,479 Leases — — — — — 1,028 1,028 Total $ 5,607 $ 1,206 $ 273 $ 14,268 $ 21,354 $ 3,190,178 $ 3,211,532
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 three and six months ended June 30, 2015 . No loans were modified in a TDR during the three and six months ended June 30, 2016 . (dollars in thousands) Number Recorded Increase Three Months Ended June 30, 2015 Commercial, financial & agricultural 1 $ 535 $ — Six Months Ended June 30, 2015 Commercial, financial & agricultural 1 $ 535 $ — Real estate: Mortgage - commercial 1 964 — Total 2 $ 1,499 $ —
Schedule of recorded investment in loans and leases, by class and credit indicator	The following table presents by class and credit indicator, the recorded investment in the Company’s loans and leases as of June 30, 2016 and December 31, 2015 : (dollars in thousands) Pass Special Substandard Loss Subtotal Net Total June 30, 2016 Commercial, financial & agricultural $ 498,041 $ 3,121 $ 2,418 $ — $ 503,580 $ 487 $ 504,067 Real estate: Construction 89,676 8,218 793 — 98,687 (259 ) 98,428 Mortgage - residential 1,490,237 114 8,805 — 1,499,156 2,619 1,501,775 Mortgage - commercial 785,582 42,500 15,519 — 843,601 (1,017 ) 842,584 Consumer 456,498 — 95 76 456,669 (419 ) 456,250 Leases 843 — — — 843 — 843 Total $ 3,320,877 $ 53,953 $ 27,630 $ 76 $ 3,402,536 $ 1,411 $ 3,403,947 December 31, 2015 Commercial, financial & agricultural $ 514,971 $ 2,168 $ 3,318 $ — $ 520,457 $ 629 $ 521,086 Real estate: Construction 83,601 808 787 — 85,196 (311 ) 84,885 Mortgage - residential 1,427,732 — 6,130 1,433,862 2,443 1,436,305 Mortgage - commercial 705,520 41,335 14,711 — 761,566 (817 ) 760,749 Consumer 407,778 95 151 — 408,024 (545 ) 407,479 Leases 1,028 — — — 1,028 — 1,028 Total $ 3,140,630 $ 44,406 $ 25,097 $ — $ 3,210,133 $ 1,399 $ 3,211,532

ALLOWANCE FOR LOAN AND LEASE 30

ALLOWANCE FOR LOAN AND LEASE LOSSES (Tables)	6 Months Ended
	Jun. 30, 2016
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, Construction Mortgage - Mortgage - Consumer Leases Unallocated Total (Dollars in thousands) Three Months Ended June 30, 2016 Beginning balance $ 7,000 $ 4,128 $ 18,005 $ 25,173 $ 5,843 $ — $ 2,000 $ 62,149 Provision (credit) for loan and lease losses (3,006 ) (314 ) (544 ) 2,261 221 — (1,382 ) 3,994 3,814 17,461 27,434 6,064 — 2,000 60,767 Charge-offs 272 — — — 1,135 — — 1,407 Recoveries 720 9 177 14 484 — — 1,404 Net charge-offs (recoveries) (448 ) (9 ) (177 ) (14 ) 651 — — 3 Ending balance $ 4,442 $ 3,823 $ 17,638 $ 27,448 $ 5,413 $ — $ 2,000 $ 60,764 Three Months Ended June 30, 2015 Beginning balance $ 8,791 $ 14,305 $ 17,057 $ 20,161 $ 7,119 $ — $ 4,000 $ 71,433 Provision (credit) for loan and lease losses (498 ) (4,099 ) 442 (3,715 ) 1,050 1 (500 ) (7,319 ) 8,293 10,206 17,499 16,446 8,169 1 3,500 64,114 Charge-offs 4,003 — 50 — 1,214 — — 5,267 Recoveries 3,279 464 397 3,562 375 — — 8,077 Net charge-offs (recoveries) 724 (464 ) (347 ) (3,562 ) 839 — — (2,810 ) Ending balance $ 7,569 $ 10,670 $ 17,846 $ 20,008 $ 7,330 $ 1 $ 3,500 $ 66,924 Real Estate Commercial, Construction Mortgage - Mortgage - Consumer Leases Unallocated Total (Dollars in thousands) Six Months Ended June 30, 2016 Beginning balance $ 6,905 $ 8,454 $ 17,738 $ 21,847 $ 6,230 $ — $ 2,140 $ 63,314 Provision (credit) for loan and lease losses (2,908 ) (4,649 ) (314 ) 5,574 308 (140 ) (2,129 ) 3,997 3,805 17,424 27,421 6,538 — 2,000 61,185 Charge-offs 624 — — — 2,247 — — 2,871 Recoveries 1,069 18 214 27 1,122 — — 2,450 Net charge-offs (recoveries) (445 ) (18 ) (214 ) (27 ) 1,125 — — 421 Ending balance $ 4,442 $ 3,823 $ 17,638 $ 27,448 $ 5,413 $ — $ 2,000 $ 60,764 Six Months Ended June 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 (324 ) (4,886 ) (1,902 ) (4,436 ) 1,988 (6 ) (500 ) (10,066 ) 8,630 10,083 16,025 16,433 9,302 1 3,500 63,974 Charge-offs 4,934 — 64 — 3,055 — — 8,053 Recoveries 3,873 587 1,885 3,575 1,083 — — 11,003 Net charge-offs (recoveries) 1,061 (587 ) (1,821 ) (3,575 ) 1,972 — — (2,950 ) Ending balance $ 7,569 $ 10,670 $ 17,846 $ 20,008 $ 7,330 $ 1 $ 3,500 $ 66,924

INVESTMENTS IN UNCONSOLIDATED31

INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES (Tables)	6 Months Ended
	Jun. 30, 2016
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) June 30, December 31, Investments in low income housing tax credit partnerships $ 3,883 $ 2,699 Trust preferred investments 2,792 2,792 Investments in affiliates 475 612 Other 54 54 Total $ 7,204 $ 6,157 The following table presents amortization and tax credits recognized associated with our investments in LIHTC partnerships for the three and six months ended June 30, 2016 and June 30, 2015 : (dollars in thousands) Three Months Ended Three Months Ended Six Months Ended Six Months Ended Cost method: Amortization expense in other operating expenses $ 258 $ 274 $ 515 $ 562 Tax credits recognized in income tax expense 337 312 674 640

OTHER INTANGIBLE ASSETS (Tables

OTHER INTANGIBLE ASSETS (Tables)	6 Months Ended
	Jun. 30, 2016
OTHER INTANGIBLE ASSETS
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: June 30, 2016 December 31, 2015 (dollars in thousands) Gross Accumulated Net Gross Accumulated Net Core deposit premium $ 44,642 $ (38,624 ) $ 6,018 $ 44,642 $ (37,287 ) $ 7,355 Mortgage servicing rights 60,246 (44,468 ) 15,778 59,001 (41,204 ) 17,797 Total $ 104,888 $ (83,092 ) $ 21,796 $ 103,643 $ (78,491 ) $ 25,152 The following table presents changes in other intangible assets for the six months ended June 30, 2016 : (dollars in thousands) Core Mortgage Total Balance, beginning of period $ 7,355 $ 17,797 $ 25,152 Additions — 1,245 1,245 Amortization (1,337 ) (3,264 ) (4,601 ) Balance, end of period $ 6,018 $ 15,778 $ 21,796
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: Six Months Ended June 30, (dollars in thousands) 2016 2015 Fair market value, beginning of period $ 18,345 $ 19,975 Fair market value, end of period 16,123 19,202 Weighted average discount rate 9.5 % 9.5 % Forecasted constant prepayment rate assumption 16.5 13.8
Schedule of estimated amortization expense	Based on the core deposit premium and mortgage servicing rights held as of June 30, 2016 , estimated amortization expense for the remainder of fiscal year 2016 , 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 2016 (remainder) $ 1,338 $ 2,272 $ 3,610 2017 2,674 3,816 6,490 2018 2,006 3,030 5,036 2019 — 2,484 2,484 2020 — 2,074 2,074 2021 — 1,647 1,647 Thereafter — 455 455 $ 6,018 $ 15,778 $ 21,796

DERIVATIVES (Tables)

DERIVATIVES (Tables)	6 Months Ended
	Jun. 30, 2016
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 Financial Instruments Not Designated as Hedging Instruments Balance Sheet June 30, 2016 December 31, 2015 June 30, 2016 December 31, 2015 (dollars in thousands) Interest rate lock and forward sale commitments Other assets / other liabilities $ 138 $ 68 $ 188 $ 9
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 Financial Instruments Location of Gain (Loss) Amount of Gain (Loss) (dollars in thousands) Three Months Ended June 30, 2016 Interest rate lock and forward sale commitments Other operating income $ (29 ) Three Months Ended June 30, 2015 Interest rate lock and forward sale commitments Other operating income (198 ) Six Months Ended June 30, 2016 Interest rate lock and forward sale commitments Other operating income (108 ) Six Months Ended June 30, 2015 Interest rate lock and forward sale commitments Other operating income 268

SHARE-BASED COMPENSATION (Table

SHARE-BASED COMPENSATION (Tables)	6 Months Ended
	Jun. 30, 2016
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 six months ended June 30, 2016 : Shares Weighted Non-vested restricted stock awards and units, beginning of period 463,917 $ 17.41 Changes during the period: Granted 175,106 22.27 Vested (244,908 ) 15.66 Forfeited (3,418 ) 19.02 Non-vested restricted stock awards and units, end of period 390,697 20.68

ACCUMULATED OTHER COMPREHENSI35

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	6 Months Ended
	Jun. 30, 2016
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of components of other comprehensive income (loss)	The following tables present the components of other comprehensive income for the three and six months ended June 30, 2016 and 2015 , by component: (dollars in thousands) Before Tax Tax Effect Net of Tax Three Months Ended June 30, 2016 Net unrealized gains on investment securities: Net unrealized gains arising during the period $ 9,737 $ 3,871 $ 5,866 Less: Reclassification adjustment for gains realized in net income — — — Net unrealized gains on investment securities 9,737 3,871 5,866 Defined benefit plans: Amortization of net actuarial losses 366 124 242 Amortization of net transition obligation 4 1 3 Amortization of prior service cost 5 1 4 Defined benefit plans, net 375 126 249 Other comprehensive income $ 10,112 $ 3,997 $ 6,115 (dollars in thousands) Before Tax Tax Effect Net of Tax Three Months Ended June 30, 2015 Net unrealized losses on investment securities: Net unrealized losses arising during the period $ (20,752 ) $ (8,259 ) $ (12,493 ) Less: Reclassification adjustment for losses realized in net income 1,866 743 1,123 Net unrealized losses on investment securities (18,886 ) (7,516 ) (11,370 ) Defined benefit plans: Amortization of net actuarial losses 421 170 251 Amortization of net transition obligation 4 2 2 Amortization of prior service cost 5 2 3 Defined benefit plans, net 430 174 256 Other comprehensive loss $ (18,456 ) $ (7,342 ) $ (11,114 ) (dollars in thousands) Before Tax Tax Effect Net of Tax Six Months Ended June 30, 2016 Net unrealized gains on investment securities: Net unrealized gains arising during the period $ 29,420 $ 11,701 $ 17,719 Less: Reclassification adjustment for gains realized in net income — — — Net unrealized gains on investment securities 29,420 11,701 17,719 Defined benefit plans: Amortization of net actuarial losses 733 248 485 Amortization of net transition obligation 8 2 6 Amortization of prior service cost 10 2 8 Defined benefit plans, net 751 252 499 Other comprehensive income $ 30,171 $ 11,953 $ 18,218 Six Months Ended June 30, 2015 Net unrealized losses on investment securities: Net unrealized losses arising during the period $ (9,276 ) $ (3,692 ) $ (5,584 ) Less: Reclassification adjustment for losses realized in net income 1,866 743 1,123 Net unrealized losses on investment securities (7,410 ) (2,949 ) (4,461 ) Defined benefit plans: Amortization of net actuarial losses 841 335 506 Amortization of net transition obligation 8 4 4 Amortization of prior service cost 10 4 6 Defined benefit plans, net 859 343 516 Other comprehensive loss $ (6,551 ) $ (2,606 ) $ (3,945 )
Schedule of changes in each component of AOCI, net of tax	The following tables present the changes in each component of AOCI, net of tax, for the three and six months ended June 30, 2016 and 2015 : (dollars in thousands) Investment Defined Accumulated Three Months Ended June 30, 2016 Balance at beginning of period $ 21,034 $ (8,728 ) $ 12,306 Other comprehensive income before reclassifications 5,866 — 5,866 Amounts reclassified from AOCI — 249 249 Total other comprehensive income 5,866 249 6,115 Balance at end of period $ 26,900 $ (8,479 ) $ 18,421 (dollars in thousands) Investment Defined Accumulated Three Months Ended June 30, 2015 Balance at beginning of period $ 20,495 $ (10,167 ) $ 10,328 Other comprehensive loss before reclassifications (12,493 ) — (12,493 ) Amounts reclassified from AOCI 1,123 256 1,379 Total other comprehensive (loss) income (11,370 ) 256 (11,114 ) Balance at end of period $ 9,125 $ (9,911 ) $ (786 ) (dollars in thousands) Investment Defined Accumulated Six Months Ended June 30, 2016 Balance at beginning of period $ 9,181 $ (8,978 ) $ 203 Other comprehensive income before reclassifications 17,719 — 17,719 Amounts reclassified from AOCI — 499 499 Total other comprehensive income 17,719 499 18,218 Balance at end of period $ 26,900 $ (8,479 ) $ 18,421 (dollars in thousands) Investment Defined Accumulated Six Months Ended June 30, 2015 Balance at beginning of period $ 13,586 $ (10,427 ) $ 3,159 Other comprehensive loss before reclassifications (5,584 ) — (5,584 ) Amounts reclassified from AOCI 1,123 516 1,639 Total other comprehensive (loss) income (4,461 ) 516 (3,945 ) Balance at end of period $ 9,125 $ (9,911 ) $ (786 )
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 six months ended June 30, 2016 and 2015 : Amount Reclassified from AOCI Affected Line Item in the Statement Where Net Income is Presented Details about AOCI Components Three months ended June 30, (dollars in thousands) 2016 2015 Sale of investment securities available for sale $ — $ (1,866 ) Investment securities losses — 743 Tax benefit $ — $ (1,123 ) Net of tax Amortization of defined benefit retirement and supplemental executive retirement plan items Net actuarial losses $ (366 ) $ (421 ) (1) Net transition obligation (4 ) (4 ) (1) Prior service cost (5 ) (5 ) (1) (375 ) (430 ) Total before tax 126 174 Tax benefit $ (249 ) $ (256 ) Net of tax Total reclassifications for the period $ (249 ) $ (1,379 ) Net of tax Amount Reclassified from AOCI Affected Line Item in the Statement Where Net Income is Presented Details about AOCI Components Six months ended June 30, (dollars in thousands) 2016 2015 Sale of investment securities available for sale $ — $ (1,866 ) Investment securities losses — 743 Tax benefit $ — $ (1,123 ) Net of tax Amortization of defined benefit retirement and supplemental executive retirement plan items Net actuarial losses $ (733 ) $ (841 ) (1) Net transition obligation (8 ) (8 ) (1) Prior service cost (10 ) (10 ) (1) (751 ) (859 ) Total before tax 252 343 Tax benefit $ (499 ) $ (516 ) Net of tax Total reclassifications for the period $ (499 ) $ (1,639 ) 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)	6 Months Ended
	Jun. 30, 2016
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 Six Months Ended (dollars in thousands) 2016 2015 2016 2015 Interest cost $ 344 $ 348 $ 687 $ 696 Expected return on plan assets (439 ) (472 ) (878 ) (944 ) Amortization of net actuarial losses 354 393 708 786 Net periodic cost $ 259 $ 269 $ 517 $ 538
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 Six Months Ended (dollars in thousands) 2016 2015 2016 2015 Interest cost $ 117 $ 110 $ 233 $ 220 Amortization of net actuarial losses 12 28 25 55 Amortization of net transition obligation 4 4 8 8 Amortization of prior service cost 5 5 10 10 Net periodic cost $ 138 $ 147 $ 276 $ 293

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	6 Months Ended
	Jun. 30, 2016
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 Six Months Ended (dollars in thousands, except per share data) 2016 2015 2016 2015 Net income $ 12,137 $ 12,335 $ 23,318 $ 22,730 Weighted average shares outstanding - basic 31,060,593 31,525,075 31,162,013 33,166,987 Dilutive effect of employee stock options and awards 201,932 427,947 197,555 421,246 Weighted average shares outstanding - diluted 31,262,525 31,953,022 31,359,568 33,588,233 Basic earnings per common share $ 0.39 $ 0.39 $ 0.75 $ 0.69 Diluted earnings per common share $ 0.39 $ 0.39 $ 0.74 $ 0.68

FAIR VALUE OF FINANCIAL ASSET38

FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES (Tables)	6 Months Ended
	Jun. 30, 2016
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 June 30, 2016 Financial assets Cash and due from banks $ 76,482 $ 76,482 $ 76,482 $ — $ — Interest-bearing deposits in other banks 14,184 14,184 14,184 — — Investment securities 1,494,823 1,498,659 740 1,484,604 13,315 Loans held for sale 9,921 9,921 — — 9,921 Net loans and leases 3,343,183 3,334,957 — 38,925 3,296,032 Accrued interest receivable 15,339 15,339 15,339 — — Financial liabilities Deposits: Noninterest-bearing deposits 1,152,666 1,152,666 1,152,666 — — Interest-bearing demand and savings deposits 2,217,752 2,217,752 2,217,752 — — Time deposits 1,034,724 1,035,776 — — 1,035,776 Short-term borrowings 226,000 226,000 — 226,000 — Long-term debt 92,785 66,110 — 66,110 — Accrued interest payable (included in other liabilities) 1,385 1,385 1,385 — — Off-balance sheet financial instruments Commitments to extend credit 797,008 1,006 — 1,006 — Standby letters of credit and financial guarantees written 14,589 219 — 219 — Derivatives: Interest rate lock commitments 11,403 136 — 136 — Forward sale commitments 20,775 (186 ) — (186 ) — 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, 2015 Financial assets Cash and due from banks $ 71,797 $ 71,797 $ 71,797 $ — $ — Interest-bearing deposits in other banks 8,397 8,397 8,397 — — Investment securities 1,520,172 1,516,391 916 1,502,996 12,479 Loans held for sale 14,109 14,109 — — 14,109 Net loans and leases 3,148,218 3,094,404 — 38,205 3,056,199 Accrued interest receivable 14,898 14,898 14,898 — — Financial liabilities Deposits: Noninterest-bearing deposits 1,145,244 1,145,244 1,145,244 — — Interest-bearing demand and savings deposits 2,223,988 2,223,988 2,223,988 — — Time deposits 1,064,207 1,064,255 — — 1,064,255 Short-term borrowings 69,000 69,000 — 69,000 — Long-term debt 92,785 67,421 — 67,421 — Accrued interest payable (included in other liabilities) 1,072 1,072 1,072 — — Off-balance sheet financial instruments Commitments to extend credit 801,835 1,014 — 1,014 — Standby letters of credit and financial guarantees written 13,434 202 — 202 — Derivatives: Interest rate lock commitments 24,009 43 — 43 — Forward sale commitments 9,973 15 — 15 —
Schedule of balances of assets and liabilities measured at fair value on a recurring basis	The following tables present the balances of assets and liabilities measured at fair value on a recurring basis as of June 30, 2016 and December 31, 2015 : Fair Value at Reporting Date Using (dollars in thousands) Fair Value Quoted Significant Significant June 30, 2016 Available for sale securities: Debt securities: States and political subdivisions $ 193,863 $ — $ 180,548 $ 13,315 Corporate securities 109,924 — 109,924 — Mortgage-backed securities: Residential - U.S. Government sponsored entities 750,663 — 750,663 — Residential - Non-government agencies 61,470 — 61,470 — Commercial - Non-government agencies 143,933 — 143,933 — Other 740 740 — — Total available for sale securities 1,260,593 740 1,246,538 13,315 Derivatives - Interest rate lock and forward sale commitments (50 ) — (50 ) — Total $ 1,260,543 $ 740 $ 1,246,488 $ 13,315 Fair Value at Reporting Date Using (dollars in thousands) Fair Value Quoted Significant Significant December 31, 2015 Available for sale securities: Debt securities: States and political subdivisions $ 190,473 $ — $ 177,994 $ 12,479 Corporate securities 108,571 — 108,571 — Mortgage-backed securities: Residential - U.S. Government sponsored entities 771,909 — 771,909 — Residential - Non-government agencies 64,032 — 64,032 — Commercial - Non-government agencies 136,354 — 136,354 — Other 916 916 — — Total available for sale securities 1,272,255 916 1,258,860 12,479 Derivatives - Interest rate lock and forward sale commitments 59 — 59 — Total $ 1,272,314 $ 916 $ 1,258,919 $ 12,479
Schedule of changes in Level 3 assets and liabilities measured at fair value on a recurring basis	For the six months ended June 30, 2016 and 2015 , 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, 2015 $ 12,479 Principal payments received (166 ) Unrealized net gain included in other comprehensive income 1,002 Balance at June 30, 2016 $ 13,315 Balance at December 31, 2014 $ 13,095 Principal payments received (812 ) Unrealized net gain included in other comprehensive income 345 Balance at June 30, 2015 $ 12,628
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 June 30, 2016 and December 31, 2015 , 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 June 30, 2016 Impaired loans (1) $ 38,886 $ — $ 38,886 $ — Other real estate (2) 1,032 — 1,032 — December 31, 2015 Impaired loans (1) $ 38,153 $ — $ 38,153 $ — Other real estate (2) 1,962 — 1,962 — (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)	6 Months Ended
	Jun. 30, 2016
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 June 30, 2016 Net interest income $ 31,985 $ 7,624 $ — $ 39,609 Inter-segment net interest income (expense) 9,435 (6,900 ) (2,535 ) — Credit for loan and lease losses 1,382 — — 1,382 Other operating income 6,493 1,397 3,802 11,692 Other operating expense (14,904 ) (439 ) (18,872 ) (34,215 ) Administrative and overhead expense allocation (16,709 ) (194 ) 16,903 — Income before taxes 17,682 1,488 (702 ) 18,468 Income tax (expense) benefit (6,078 ) (513 ) 260 (6,331 ) Net income (loss) $ 11,604 $ 975 $ (442 ) $ 12,137 (dollars in thousands) Banking Treasury All Others Total Three Months Ended June 30, 2015 Net interest income $ 28,837 $ 8,457 $ — $ 37,294 Inter-segment net interest income (expense) 11,348 (8,067 ) (3,281 ) — Credit for loan and lease losses 7,319 — — 7,319 Other operating income 6,008 (1,322 ) 3,438 8,124 Other operating expense (15,354 ) (493 ) (16,611 ) (32,458 ) Administrative and overhead expense allocation (15,937 ) (266 ) 16,203 — Income before taxes 22,221 (1,691 ) (251 ) 20,279 Income tax (expense) benefit (7,776 ) 591 (759 ) (7,944 ) Net income (loss) $ 14,445 $ (1,100 ) $ (1,010 ) $ 12,335 (dollars in thousands) Banking Treasury All Others Total Six Months Ended June 30, 2016 Net interest income $ 62,936 $ 15,884 $ — $ 78,820 Inter-segment net interest income (expense) 19,993 (13,917 ) (6,076 ) — Credit for loan and lease losses 2,129 — — 2,129 Other operating income 12,027 2,142 7,688 21,857 Other operating expense (29,647 ) (827 ) (36,616 ) (67,090 ) Administrative and overhead expense allocation (28,141 ) (390 ) 28,531 — Income before taxes 39,297 2,892 (6,473 ) 35,716 Income tax (expense) benefit (13,644 ) (1,004 ) 2,250 (12,398 ) Net income (loss) $ 25,653 $ 1,888 $ (4,223 ) $ 23,318 (dollars in thousands) Banking Treasury All Others Total Six Months Ended June 30, 2015 Net interest income $ 56,691 $ 16,838 $ — $ 73,529 Inter-segment net interest income (expense) 21,650 (16,765 ) (4,885 ) — Credit for loan and lease losses 10,066 — — 10,066 Other operating income 12,454 (295 ) 7,155 19,314 Other operating expense (30,178 ) (971 ) (35,327 ) (66,476 ) Administrative and overhead expense allocation (28,041 ) (554 ) 28,595 — Income before taxes 42,642 (1,747 ) (4,462 ) 36,433 Income tax (expense) benefit (14,924 ) 611 610 (13,703 ) Net income $ 27,718 $ (1,136 ) $ (3,852 ) $ 22,730 (dollars in thousands) Banking Treasury All Others Total At June 30, 2016: Investment securities $ — $ 1,494,823 $ — $ 1,494,823 Loans and leases (including loans held for sale) 3,413,868 — — 3,413,868 Other 49,802 235,554 88,920 374,276 Total assets $ 3,463,670 $ 1,730,377 $ 88,920 $ 5,282,967 (dollars in thousands) Banking Treasury All Others Total At December 31, 2015: Investment securities $ — $ 1,520,172 $ — $ 1,520,172 Loans and leases (including loans held for sale) 3,225,641 — — 3,225,641 Other 74,963 226,172 84,340 385,475 Total assets $ 3,300,604 $ 1,746,344 $ 84,340 $ 5,131,288

SUMMARY OF SIGNIFICANT ACCOUN40

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	Jun. 30, 2016	Dec. 31, 2015
Gentry Home Loans L L C
Acquired Indefinite-lived Intangible Assets [Line Items]
Percentage of equity method investment ownership interest	50.00%
Pacific Access Mortgage L L C
Acquired Indefinite-lived Intangible Assets [Line Items]
Percentage of equity method investment ownership interest	50.00%
Haseko Home Loans L L C
Acquired Indefinite-lived Intangible Assets [Line Items]
Percentage of equity method investment ownership interest	50.00%
Island Pacific HomeLoans, LLC
Acquired Indefinite-lived Intangible Assets [Line Items]
Percentage of equity method investment ownership interest	50.00%
Primary Beneficiary | One Hawaii HomeLoans, LLC
Acquired Indefinite-lived Intangible Assets [Line Items]
Ownership interest acquired		50.00%

INVESTMENT SECURITIES (Availabl

INVESTMENT SECURITIES (Available for Sale and Held to Maturity Investment Securities) (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Held-to-Maturity:
Amortized Cost	$ 234,230	$ 247,917
Gross unrealized gains	3,836	123
Gross unrealized losses	0	(3,904)
Fair value	238,066	244,136
Available for Sale
Amortized cost	1,226,539	1,267,503
Gross unrealized gains	34,324	13,615
Gross unrealized losses	(270)	(8,863)
Fair value	1,260,593	1,272,255
Residential - U.S. Government-sponsored entities
Held-to-Maturity:
Amortized Cost	139,626	152,315
Gross unrealized gains	835	123
Gross unrealized losses	0	(2,915)
Fair value	140,461	149,523
Available for Sale
Amortized cost	738,692	771,657
Gross unrealized gains	12,222	5,885
Gross unrealized losses	(251)	(5,633)
Fair value	750,663	771,909
Commercial - U.S. Government-sponsored entities
Held-to-Maturity:
Amortized Cost	94,604	95,602
Gross unrealized gains	3,001	0
Gross unrealized losses	0	(989)
Fair value	97,605	94,613
States and political subdivisions
Available for Sale
Amortized cost	186,202	187,552
Gross unrealized gains	7,680	3,819
Gross unrealized losses	(19)	(898)
Fair value	193,863	190,473
Corporate securities
Available for Sale
Amortized cost	106,907	107,721
Gross unrealized gains	3,017	1,077
Gross unrealized losses	0	(227)
Fair value	109,924	108,571
Residential - Non-government agencies
Available for Sale
Amortized cost	58,734	64,286
Gross unrealized gains	2,736	733
Gross unrealized losses	0	(987)
Fair value	61,470	64,032
Commercial - Non-government agencies
Available for Sale
Amortized cost	135,344	135,439
Gross unrealized gains	8,589	2,033
Gross unrealized losses	0	(1,118)
Fair value	143,933	136,354
Other
Available for Sale
Amortized cost	660	848
Gross unrealized gains	80	68
Gross unrealized losses	0	0
Fair value	$ 740	$ 916

INVESTMENT SECURITIES (Amortize

INVESTMENT SECURITIES (Amortized Cost and Estimated Fair Value of Investment Securities) (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Held to Maturity, Amortized Cost
Mortgage-backed securities	$ 234,230
Held to Maturity, Estimated Fair Value
Mortgage-backed securities	238,066
Available for Sale, Amortized Cost
Due in one year or less	18,708
Due after one year through five years	107,229
Due after five years through ten years	79,695
Due after ten years	87,477
Total	1,226,539
Available for Sale, Estimated Fair Value
Due in one year or less	18,803
Due after one year through five years	110,523
Due after five years through ten years	83,380
Due after ten years	91,081
Available-for-sale, at fair value	1,260,593	$ 1,272,255
Residential - U.S. Government-sponsored entities
Held to Maturity, Amortized Cost
Mortgage-backed securities	139,626
Held to Maturity, Estimated Fair Value
Mortgage-backed securities	140,461
Available for Sale, Amortized Cost
Mortgage-backed securities	738,692
Available for Sale, Estimated Fair Value
Mortgage-backed securities	750,663
Available-for-sale, at fair value	750,663	771,909
Commercial - U.S. Government-sponsored entities
Held to Maturity, Amortized Cost
Mortgage-backed securities	94,604
Held to Maturity, Estimated Fair Value
Mortgage-backed securities	97,605
Residential - Non-government agencies
Available for Sale, Amortized Cost
Mortgage-backed securities	58,734
Available for Sale, Estimated Fair Value
Mortgage-backed securities	61,470
Available-for-sale, at fair value	61,470	64,032
Commercial - Non-government agencies
Available for Sale, Amortized Cost
Mortgage-backed securities	135,344
Available for Sale, Estimated Fair Value
Mortgage-backed securities	143,933
Available-for-sale, at fair value	143,933	136,354
Other
Available for Sale, Amortized Cost
Other	660
Available for Sale, Estimated Fair Value
Other	740
Available-for-sale, at fair value	$ 740	$ 916

INVESTMENT SECURITIES (Narrativ

INVESTMENT SECURITIES (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2015	Jun. 30, 2016	Dec. 31, 2015
Investments, Debt and Equity Securities [Abstract]
Gross proceeds from available-for-sale investment securities	$ 117.5
Gross realized losses on sale of available-for-sale investment securities	$ 1.9
Investment securities pledged as collateral		$ 1,040	$ 1,000

INVESTMENT SECURITIES (Investme

INVESTMENT SECURITIES (Investment Securities at an Unrealized Loss Position) (Details) $ in Thousands	Jun. 30, 2016USD ($)security	Dec. 31, 2015USD ($)security
Investments, Debt and Equity Securities [Abstract]
Number of investment securities in an unrealized loss position | security	13	155
Total temporary impaired securities
Less than 12 months, Fair Value	$ 29,513	$ 766,126
Less than 12 months, Unrealized Losses	(102)	(9,937)
12 months or longer, Fair Value	69,502	105,491
12 months or longer, Unrealized Losses	(168)	(2,830)
Total, Fair Value	99,015	871,617
Total, Unrealized Losses	(270)	(12,767)
States and political subdivisions
Total temporary impaired securities
Less than 12 months, Fair Value	3,263	30,481
Less than 12 months, Unrealized Losses	(19)	(532)
12 months or longer, Fair Value	0	12,576
12 months or longer, Unrealized Losses	0	(366)
Total, Fair Value	3,263	43,057
Total, Unrealized Losses	(19)	(898)
Corporate securities
Total temporary impaired securities
Less than 12 months, Fair Value	5,000	32,977
Less than 12 months, Unrealized Losses	0	(227)
12 months or longer, Fair Value	0	0
12 months or longer, Unrealized Losses	0	0
Total, Fair Value	5,000	32,977
Total, Unrealized Losses	0	(227)
Residential - U.S. Government-sponsored entities
Total temporary impaired securities
Less than 12 months, Fair Value	21,250	507,525
Less than 12 months, Unrealized Losses	(83)	(6,241)
12 months or longer, Fair Value	69,502	88,271
12 months or longer, Unrealized Losses	(168)	(2,307)
Total, Fair Value	90,752	595,796
Total, Unrealized Losses	$ (251)	(8,548)
Residential - Non-government agencies
Total temporary impaired securities
Less than 12 months, Fair Value		37,975
Less than 12 months, Unrealized Losses		(987)
12 months or longer, Fair Value		0
12 months or longer, Unrealized Losses		0
Total, Fair Value		37,975
Total, Unrealized Losses		(987)
Commercial - U.S. Government-sponsored entities
Total temporary impaired securities
Less than 12 months, Fair Value		94,613
Less than 12 months, Unrealized Losses		(989)
12 months or longer, Fair Value		0
12 months or longer, Unrealized Losses		0
Total, Fair Value		94,613
Total, Unrealized Losses		(989)
Commercial - Non-government agencies
Total temporary impaired securities
Less than 12 months, Fair Value		62,555
Less than 12 months, Unrealized Losses		(961)
12 months or longer, Fair Value		4,644
12 months or longer, Unrealized Losses		(157)
Total, Fair Value		67,199
Total, Unrealized Losses		$ (1,118)

LOANS AND LEASES (Loans and Lea

LOANS AND LEASES (Loans and Leases) (Details) $ in Thousands	1 Months Ended		3 Months Ended		6 Months Ended
	May 30, 2016USD ($)	Mar. 31, 2016USD ($)	Jun. 30, 2016USD ($)	Mar. 31, 2016USD ($)	Jun. 30, 2016USD ($)loan	Jun. 30, 2015USD ($)loan	Dec. 31, 2015USD ($)
LOANS AND LEASES
Loans and leases, gross			$ 3,402,536		$ 3,402,536		$ 3,210,133
Net deferred costs			1,411		1,411		1,399
Total loans and leases, net of deferred costs			3,403,947		$ 3,403,947		3,211,532
Number of collateral portfolio loans transferred to other real estate owned | loan					1	6
Number of collateral portfolio loans transferred to held-for-sale category | loan					0	2
Net reclassification of loans to other real estate					$ 637	$ 5,037
Net transfer of loans to loans held for sale					0	$ 6,648
Number of loans sold | loan						0
Commercial, Financial & Agricultural
LOANS AND LEASES
Loans and leases, gross			503,580		503,580		520,457
Net deferred costs			487		487		629
Total loans and leases, net of deferred costs			504,067		504,067		521,086
Real estate, construction
LOANS AND LEASES
Loans and leases, gross			98,687		98,687		85,196
Net deferred costs			(259)		(259)		(311)
Total loans and leases, net of deferred costs			98,428		98,428		84,885
Mortgage -Residential
LOANS AND LEASES
Loans and leases, gross			1,499,156		1,499,156		1,433,862
Net deferred costs			2,619		2,619		2,443
Total loans and leases, net of deferred costs			1,501,775		1,501,775		1,436,305
Mortgage -Commercial
LOANS AND LEASES
Loans and leases, gross			843,601		843,601		761,566
Net deferred costs			(1,017)		(1,017)		(817)
Total loans and leases, net of deferred costs			842,584		842,584		760,749
Consumer
LOANS AND LEASES
Loans and leases, gross			456,669		456,669		408,024
Net deferred costs			(419)		(419)		(545)
Total loans and leases, net of deferred costs			456,250		456,250		407,479
Payments to acquire loans receivable			$ 7,300	$ 29,200
Weighted average remaining term	75 months		37 months	38 months
Consumer | Weighted average
LOANS AND LEASES
Weighted average yield	3.75%		7.57%	7.55%
Consumer | Automobile Loan
LOANS AND LEASES
Payments to acquire loans receivable	$ 18,000	$ 23,200
Premium over loan outstanding balance	500	300		$ 300
Consumer | Uncollateralized | Automobile Loan
LOANS AND LEASES
Loans and leases, gross	$ 17,500	$ 22,900		$ 22,900
Weighted average remaining term		56 months
Consumer | Uncollateralized | Automobile Loan | Weighted average
LOANS AND LEASES
Weighted average yield		3.38%
Leases
LOANS AND LEASES
Loans and leases, gross			$ 843		843		1,028
Net deferred costs			0		0		0
Total loans and leases, net of deferred costs			$ 843		843		$ 1,028
Carrying Amount
LOANS AND LEASES
Net reclassification of loans to other real estate					$ 600	$ 1,600

LOANS AND LEASES (Allowance for

LOANS AND LEASES (Allowance for Loan and Lease Losses) (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014
Allowance for loan and lease losses:
Total ending balance	$ 60,764	$ 62,149	$ 63,314	$ 66,924	$ 71,433	$ 74,040
Loans and leases :
Individually evaluated for impairment	38,925		38,204
Collectively evaluated for impairment	3,363,611		3,171,929
Loans and leases	3,402,536		3,210,133
Net deferred costs	1,411		1,399
Total loans and leases, net of deferred costs	3,403,947		3,211,532
Allocated
Allowance for loan and lease losses:
Ending balance attributable to loans : Individually evaluated for impairment	39		51
Ending balance attributable to loans : Collectively evaluated for impairment	58,725		61,123
Total ending balance	58,764		61,174
Commercial, Financial & Agricultural
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	4,442		6,905
Total ending balance	4,442		6,905
Loans and leases :
Individually evaluated for impairment	2,132		1,044
Collectively evaluated for impairment	501,448		519,413
Loans and leases	503,580		520,457
Net deferred costs	487		629
Total loans and leases, net of deferred costs	504,067		521,086
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	3,823		8,454
Total ending balance	3,823		8,454
Loans and leases :
Individually evaluated for impairment	3,876		4,126
Collectively evaluated for impairment	94,811		81,070
Loans and leases	98,687		85,196
Net deferred costs	(259)		(311)
Total loans and leases, net of deferred costs	98,428		84,885
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	17,638		17,738
Total ending balance	17,638		17,738
Loans and leases :
Individually evaluated for impairment	24,745		22,716
Collectively evaluated for impairment	1,474,411		1,411,146
Loans and leases	1,499,156		1,433,862
Net deferred costs	2,619		2,443
Total loans and leases, net of deferred costs	1,501,775		1,436,305
Mortgage -Commercial
Allowance for loan and lease losses:
Ending balance attributable to loans : Individually evaluated for impairment	39		51
Ending balance attributable to loans : Collectively evaluated for impairment	27,409		21,796
Total ending balance	27,448		21,847
Loans and leases :
Individually evaluated for impairment	8,172		10,318
Collectively evaluated for impairment	835,429		751,248
Loans and leases	843,601		761,566
Net deferred costs	(1,017)		(817)
Total loans and leases, net of deferred costs	842,584		760,749
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	5,413		6,230
Total ending balance	5,413		6,230
Loans and leases :
Individually evaluated for impairment	0		0
Collectively evaluated for impairment	456,669		408,024
Loans and leases	456,669		408,024
Net deferred costs	(419)		(545)
Total loans and leases, net of deferred costs	456,250		407,479
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	0		0
Total ending balance	0		0
Loans and leases :
Individually evaluated for impairment	0		0
Collectively evaluated for impairment	843		1,028
Loans and leases	843		1,028
Net deferred costs	0		0
Total loans and leases, net of deferred costs	843		1,028
Unallocated
Allowance for loan and lease losses:
Total ending balance	$ 2,000		$ 2,140

LOANS AND LEASES (Impaired Loan

LOANS AND LEASES (Impaired Loans) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Unpaid Principal Balance
Impaired loans with no related allowance recorded	$ 47,073		$ 47,073		$ 46,429
Impaired loans with an allowance recorded	1,045		1,045		1,166
Total	48,118		48,118		47,595
Recorded Investment
Impaired loans with no related allowance recorded	37,880		37,880		37,038
Impaired loans with an allowance recorded	1,045		1,045		1,166
Total	38,925		38,925		38,204
Allowance Allocated
Impaired loans with an allowance recorded	39		39		51
Average recorded investment on impaired loans
Average Recorded Investment	38,320	$ 55,179	38,118	$ 62,615
Interest income recognized on impaired loans
Interest Income Recognized	90	199	158	455
Commercial, Financial & Agricultural
Unpaid Principal Balance
Impaired loans with no related allowance recorded	2,242		2,242		1,155
Recorded Investment
Impaired loans with no related allowance recorded	2,132		2,132		1,044
Average recorded investment on impaired loans
Average Recorded Investment	2,176	6,911	1,799	10,278
Interest income recognized on impaired loans
Interest Income Recognized	10	5	10	10
Real estate, construction
Unpaid Principal Balance
Impaired loans with no related allowance recorded	10,222		10,222		10,472
Recorded Investment
Impaired loans with no related allowance recorded	3,876		3,876		4,126
Average recorded investment on impaired loans
Average Recorded Investment	3,917	4,518	3,982	4,608
Interest income recognized on impaired loans
Interest Income Recognized	34	26	70	112
Mortgage -Residential
Unpaid Principal Balance
Impaired loans with no related allowance recorded	26,624		26,624		24,792
Recorded Investment
Impaired loans with no related allowance recorded	24,745		24,745		22,716
Average recorded investment on impaired loans
Average Recorded Investment	23,441	27,312	22,874	28,134
Interest income recognized on impaired loans
Interest Income Recognized	9	(7)	7	(6)
Loans in the process of foreclosure	1,500		1,500
Mortgage -Commercial
Unpaid Principal Balance
Impaired loans with no related allowance recorded	7,985		7,985		10,010
Impaired loans with an allowance recorded	1,045		1,045		1,166
Recorded Investment
Impaired loans with no related allowance recorded	7,127		7,127		9,152
Impaired loans with an allowance recorded	1,045		1,045		1,166
Allowance Allocated
Impaired loans with an allowance recorded	39		39		$ 51
Average recorded investment on impaired loans
Average Recorded Investment	8,786	16,438	9,463	19,595
Interest income recognized on impaired loans
Interest Income Recognized	$ 37	$ 175	$ 71	$ 339

LOANS AND LEASES (Aging of Reco

LOANS AND LEASES (Aging of Recorded Investment) (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Nonaccrual Loans	$ 13,875	$ 14,268
Total Past Due and Nonaccrual	17,939	21,354
Loans and Leases Not Past Due	3,386,008	3,190,178
Total loans and leases, net of deferred costs	3,403,947	3,211,532
Commercial, Financial & Agricultural
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Nonaccrual Loans	2,132	1,044
Total Past Due and Nonaccrual	2,972	1,460
Loans and Leases Not Past Due	501,095	519,626
Total loans and leases, net of deferred costs	504,067	521,086
Real estate, construction
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Nonaccrual Loans	0	0
Total Past Due and Nonaccrual	0	0
Loans and Leases Not Past Due	98,428	84,885
Total loans and leases, net of deferred costs	98,428	84,885
Mortgage -Residential
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Nonaccrual Loans	8,670	6,130
Total Past Due and Nonaccrual	9,823	10,509
Loans and Leases Not Past Due	1,491,952	1,425,796
Total loans and leases, net of deferred costs	1,501,775	1,436,305
Mortgage -Commercial
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Nonaccrual Loans	3,073	7,094
Total Past Due and Nonaccrual	3,073	7,148
Loans and Leases Not Past Due	839,511	753,601
Total loans and leases, net of deferred costs	842,584	760,749
Consumer
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Nonaccrual Loans	0	0
Total Past Due and Nonaccrual	2,071	2,237
Loans and Leases Not Past Due	454,179	405,242
Total loans and leases, net of deferred costs	456,250	407,479
Leases
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Nonaccrual Loans	0	0
Total Past Due and Nonaccrual	0	0
Loans and Leases Not Past Due	843	1,028
Total loans and leases, net of deferred costs	843	1,028
Accruing Loans 30 - 59 Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Past Due, Accuing Loans	2,470	5,607
Accruing Loans 30 - 59 Days Past Due | Commercial, Financial & Agricultural
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Past Due, Accuing Loans	678	276
Accruing Loans 30 - 59 Days Past Due | Real estate, construction
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Past Due, Accuing Loans	0	0
Accruing Loans 30 - 59 Days Past Due | Mortgage -Residential
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Past Due, Accuing Loans	448	3,834
Accruing Loans 30 - 59 Days Past Due | Mortgage -Commercial
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Past Due, Accuing Loans	0	54
Accruing Loans 30 - 59 Days Past Due | Consumer
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Past Due, Accuing Loans	1,344	1,443
Accruing Loans 30 - 59 Days Past Due | Leases
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Past Due, Accuing Loans	0	0
Accruing Loans 60 - 89 Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Past Due, Accuing Loans	1,325	1,206
Accruing Loans 60 - 89 Days Past Due | Commercial, Financial & Agricultural
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Past Due, Accuing Loans	162	140
Accruing Loans 60 - 89 Days Past Due | Real estate, construction
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Past Due, Accuing Loans	0	0
Accruing Loans 60 - 89 Days Past Due | Mortgage -Residential
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Past Due, Accuing Loans	570	545
Accruing Loans 60 - 89 Days Past Due | Mortgage -Commercial
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Past Due, Accuing Loans	0	0
Accruing Loans 60 - 89 Days Past Due | Consumer
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Past Due, Accuing Loans	593	521
Accruing Loans 60 - 89 Days Past Due | Leases
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Past Due, Accuing Loans	0	0
Accruing Loans Greater Than 90 Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Past Due, Accuing Loans	269	273
Accruing Loans Greater Than 90 Days Past Due | Commercial, Financial & Agricultural
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Past Due, Accuing Loans	0	0
Accruing Loans Greater Than 90 Days Past Due | Real estate, construction
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Past Due, Accuing Loans	0	0
Accruing Loans Greater Than 90 Days Past Due | Mortgage -Residential
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Past Due, Accuing Loans	135	0
Accruing Loans Greater Than 90 Days Past Due | Mortgage -Commercial
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Past Due, Accuing Loans	0	0
Accruing Loans Greater Than 90 Days Past Due | Consumer
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Past Due, Accuing Loans	134	273
Accruing Loans Greater Than 90 Days Past Due | Leases
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Past Due, Accuing Loans	$ 0	$ 0

LOANS AND LEASES (Modifications

LOANS AND LEASES (Modifications) (Details)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2016USD ($)loan	Jun. 30, 2015USD ($)loancontract	Jun. 30, 2016USD ($)loan	Jun. 30, 2015USD ($)loancontract	Dec. 31, 2015USD ($)
Information related to loans modified in a TDR
Number of TDRs included in nonperforming assets | contract				2
Recorded Investment				$ 1,499,000
Financing Receivables, Impaired, Troubled Debt Restructuring, Write-down				$ 0
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
Accruing Loans Greater Than 90 Days Past Due
Information related to loans modified in a TDR
Financing Receivable, Recorded Investment, Past Due	$ 269,000		$ 269,000		$ 273,000
Commercial, Financial & Agricultural
Information related to loans modified in a TDR
Number of TDRs included in nonperforming assets | contract		1		1
Recorded Investment		$ 535,000		$ 535,000
Financing Receivables, Impaired, Troubled Debt Restructuring, Write-down				$ 0
Commercial, Financial & Agricultural | Accruing Loans Greater Than 90 Days Past Due
Information related to loans modified in a TDR
Financing Receivable, Recorded Investment, Past Due	0		0		0
Mortgage -Residential
Information related to loans modified in a TDR
Number of TDRs included in nonperforming assets | contract				1
Recorded Investment				$ 964,000
Financing Receivables, Impaired, Troubled Debt Restructuring, Write-down				$ 0
Mortgage -Residential | Accruing Loans Greater Than 90 Days Past Due
Information related to loans modified in a TDR
Financing Receivable, Recorded Investment, Past Due	135,000		135,000		0
Mortgage -Commercial | Accruing Loans Greater Than 90 Days Past Due
Information related to loans modified in a TDR
Financing Receivable, Recorded Investment, Past Due	0		0		0
Nonperforming Financial Instruments
Information related to loans modified in a TDR
Commitments to lend additional funds	0		0
Amount of TDRs still accruing interest	19,500,000		$ 19,500,000		$ 20,300,000
Holding period limit for accruing interest on TDRs			90 days		90 days
Nonperforming Financial Instruments | HAWAII
Information related to loans modified in a TDR
Principal balances of troubled debt restructurings included in nonperforming assets	4,300,000		$ 4,300,000
Nonperforming Financial Instruments | Accruing Loans Greater Than 90 Days Past Due
Information related to loans modified in a TDR
Financing Receivable, Recorded Investment, Past Due	0		$ 0		$ 0
Nonperforming Financial Instruments | Commercial, Financial & Agricultural | HAWAII
Information related to loans modified in a TDR
Number of TDRs included in nonperforming assets | loan			3
Principal balances of troubled debt restructurings included in nonperforming assets	900,000		$ 900,000
Nonperforming Financial Instruments | Mortgage -Residential | HAWAII
Information related to loans modified in a TDR
Number of TDRs included in nonperforming assets | loan			21
Principal balances of troubled debt restructurings included in nonperforming assets	$ 3,400,000		$ 3,400,000

LOANS AND LEASES (Class and Cre

LOANS AND LEASES (Class and Credit Indicator) (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	$ 3,402,536	$ 3,210,133
Net deferred costs	1,411	1,399
Total loans and leases, net of deferred costs	3,403,947	3,211,532
Commercial, Financial & Agricultural
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	503,580	520,457
Net deferred costs	487	629
Total loans and leases, net of deferred costs	504,067	521,086
Real estate, construction
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	98,687	85,196
Net deferred costs	(259)	(311)
Total loans and leases, net of deferred costs	98,428	84,885
Mortgage -Residential
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	1,499,156	1,433,862
Net deferred costs	2,619	2,443
Total loans and leases, net of deferred costs	1,501,775	1,436,305
Mortgage -Commercial
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	843,601	761,566
Net deferred costs	(1,017)	(817)
Total loans and leases, net of deferred costs	842,584	760,749
Consumer
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	456,669	408,024
Net deferred costs	(419)	(545)
Total loans and leases, net of deferred costs	456,250	407,479
Leases
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	843	1,028
Net deferred costs	0	0
Total loans and leases, net of deferred costs	843	1,028
Pass
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	3,320,877	3,140,630
Pass | Commercial, Financial & Agricultural
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	498,041	514,971
Pass | Real estate, construction
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	89,676	83,601
Pass | Mortgage -Residential
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	1,490,237	1,427,732
Pass | Mortgage -Commercial
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	785,582	705,520
Pass | Consumer
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	456,498	407,778
Pass | Leases
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	843	1,028
Special Mention
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	53,953	44,406
Special Mention | Commercial, Financial & Agricultural
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	3,121	2,168
Special Mention | Real estate, construction
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	8,218	808
Special Mention | Mortgage -Residential
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	114	0
Special Mention | Mortgage -Commercial
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	42,500	41,335
Special Mention | Consumer
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	0	95
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	27,630	25,097
Substandard | Commercial, Financial & Agricultural
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	2,418	3,318
Substandard | Real estate, construction
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	793	787
Substandard | Mortgage -Residential
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	8,805	6,130
Substandard | Mortgage -Commercial
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	15,519	14,711
Substandard | Consumer
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	95	151
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	76	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 | Mortgage -Residential
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	0
Loss | 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	76	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 51

ALLOWANCE FOR LOAN AND LEASE LOSSES (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Changes in the allowance
Beginning balance	$ 62,149	$ 71,433	$ 63,314	$ 74,040
Provision (credit) for loan and lease losses	(1,382)	(7,319)	(2,129)	(10,066)
Subtotal	60,767	64,114	61,185	63,974
Charge-offs	1,407	5,267	2,871	8,053
Recoveries	1,404	8,077	2,450	11,003
Net charge-offs (recoveries)	3	(2,810)	421	(2,950)
Ending balance	60,764	66,924	60,764	66,924
Commercial, Financial & Agricultural
Changes in the allowance
Beginning balance	7,000	8,791	6,905	8,954
Provision (credit) for loan and lease losses	(3,006)	(498)	(2,908)	(324)
Subtotal	3,994	8,293	3,997	8,630
Charge-offs	272	4,003	624	4,934
Recoveries	720	3,279	1,069	3,873
Net charge-offs (recoveries)	(448)	724	(445)	1,061
Ending balance	4,442	7,569	4,442	7,569
Real estate, construction
Changes in the allowance
Beginning balance	4,128	14,305	8,454	14,969
Provision (credit) for loan and lease losses	(314)	(4,099)	(4,649)	(4,886)
Subtotal	3,814	10,206	3,805	10,083
Charge-offs	0	0	0	0
Recoveries	9	464	18	587
Net charge-offs (recoveries)	(9)	(464)	(18)	(587)
Ending balance	3,823	10,670	3,823	10,670
Real estate, Mortgage - residential
Changes in the allowance
Beginning balance	18,005	17,057	17,738	17,927
Provision (credit) for loan and lease losses	(544)	442	(314)	(1,902)
Subtotal	17,461	17,499	17,424	16,025
Charge-offs	0	50	0	64
Recoveries	177	397	214	1,885
Net charge-offs (recoveries)	(177)	(347)	(214)	(1,821)
Ending balance	17,638	17,846	17,638	17,846
Real estate, Mortgage - commercial
Changes in the allowance
Beginning balance	25,173	20,161	21,847	20,869
Provision (credit) for loan and lease losses	2,261	(3,715)	5,574	(4,436)
Subtotal	27,434	16,446	27,421	16,433
Charge-offs	0	0	0	0
Recoveries	14	3,562	27	3,575
Net charge-offs (recoveries)	(14)	(3,562)	(27)	(3,575)
Ending balance	27,448	20,008	27,448	20,008
Consumer
Changes in the allowance
Beginning balance	5,843	7,119	6,230	7,314
Provision (credit) for loan and lease losses	221	1,050	308	1,988
Subtotal	6,064	8,169	6,538	9,302
Charge-offs	1,135	1,214	2,247	3,055
Recoveries	484	375	1,122	1,083
Net charge-offs (recoveries)	651	839	1,125	1,972
Ending balance	5,413	7,330	5,413	7,330
Leases
Changes in the allowance
Beginning balance	0	0	0	7
Provision (credit) for loan and lease losses		1		(6)
Subtotal	0	1	0	1
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Net charge-offs (recoveries)	0	0	0	0
Ending balance	0	1	0	1
Unallocated
Changes in the allowance
Beginning balance	2,000	4,000	2,140	4,000
Provision (credit) for loan and lease losses	0	(500)	(140)	(500)
Subtotal	2,000	3,500	2,000	3,500
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Net charge-offs (recoveries)	0	0	0	0
Ending balance	$ 2,000	$ 3,500	$ 2,000	$ 3,500

SECURITIZATIONS (Details)

SECURITIZATIONS (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
SECURITIZATIONS
Mortgage servicing rights	$ 15,778	$ 17,797
Real estate, Mortgage - residential | Significant Other Observable Inputs (Level 2)
SECURITIZATIONS
Mortgage servicing rights	2,600	2,700
Unrealized gains recorded in AOCI	$ 200	$ 200

INVESTMENTS IN UNCONSOLIDATED53

INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures [Abstract]
Investments in low income housing tax credit partnerships	$ 3,883		$ 3,883		$ 2,699
Trust preferred investments	2,792		2,792		2,792
Investments in affiliates	475		475		612
Other	54		54		54
Investment in unconsolidated subsidiaries	7,204		7,204		$ 6,157
Other Commitment	1,700		1,700
Amortization expense in pretax income	258	$ 274	515	$ 562
Income tax credits and adjustments	$ 337	$ 312	$ 674	$ 640

OTHER INTANGIBLE ASSETS (Detail

OTHER INTANGIBLE ASSETS (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Dec. 31, 2015
OTHER INTANGIBLE ASSETS
Income generated as a result of new mortgage servicing rights reported as gains on sale of loans	$ 1,845	$ 1,630	$ 3,311	$ 3,224
Changes in other intangible assets
Balance, beginning of period			25,152
Additions			1,245
Amortization			(4,601)
Balance, end of period	21,796		21,796
Gross carrying value, accumulated amortization and net carrying value related to intangible assets
Gross Carrying Value					$ 104,888	$ 103,643
Accumulated Amortization					(83,092)	(78,491)
Other intangible assets	21,796		25,152		21,796	25,152
Estimated Amortization Expense
2016 (remainder)					3,610
2,017					6,490
2,018					5,036
2,019					2,484
2,020					2,074
2,021					1,647
Thereafter					455
Other intangible assets	21,796		25,152		21,796	25,152
Core Deposit Premium
Changes in other intangible assets
Balance, beginning of period			7,355
Additions			0
Amortization			(1,337)
Balance, end of period	6,018		6,018
Gross carrying value, accumulated amortization and net carrying value related to intangible assets
Gross Carrying Value					44,642	44,642
Accumulated Amortization					(38,624)	(37,287)
Other intangible assets	6,018		7,355		6,018	7,355
Estimated Amortization Expense
2016 (remainder)					1,338
2,017					2,674
2,018					2,006
2,019					0
2,020					0
2,021					0
Thereafter					0
Other intangible assets	6,018		7,355		6,018	7,355
Mortgage Servicing Rights
OTHER INTANGIBLE ASSETS
Income generated as a result of new mortgage servicing rights reported as gains on sale of loans	700	600	1,200	1,200
Changes in other intangible assets
Balance, beginning of period			17,797
Additions			1,245
Amortization	(1,755)	(900)	(3,264)	(2,300)
Balance, end of period	15,778		15,778
Fair market value and key assumptions used in determining the fair market value
Fair market value, beginning of period			18,345	19,975
Fair market value, end of period	16,123	$ 19,202	$ 16,123	$ 19,202
Weighted average discount rate			9.50%	9.50%
Forecasted constant prepayment rate assumption			16.50%	13.80%
Gross carrying value, accumulated amortization and net carrying value related to intangible assets
Gross Carrying Value					60,246	59,001
Accumulated Amortization					(44,468)	(41,204)
Other intangible assets	15,778		$ 17,797		15,778	17,797
Estimated Amortization Expense
2016 (remainder)					2,272
2,017					3,816
2,018					3,030
2,019					2,484
2,020					2,074
2,021					1,647
Thereafter					455
Other intangible assets	$ 15,778		$ 17,797		$ 15,778	$ 17,797

DERIVATIVES (Details)

DERIVATIVES (Details) - Derivatives Not Designated as Hedging Instruments $ in Millions	Jun. 30, 2016USD ($)
Interest rate lock commitments
DERIVATIVES
Mortgage loans hedged	$ 11.4
Forward sale commitments
DERIVATIVES
Mortgage loans hedged	$ 20.8

DERIVATIVES (Balance Sheet) (De

DERIVATIVES (Balance Sheet) (Details) - Derivatives Not Designated as Hedging Instruments - Interest rate lock and forward sale commitments - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Asset Derivatives
Fair Value	$ 138	$ 68
Liability Derivatives
Fair Value	$ 188	$ 9

DERIVATIVES (Income Statement)

DERIVATIVES (Income Statement) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Derivatives Not Designated as Hedging Instruments | Derivatives Not in Cash Flow Hedging Relationship | Interest rate lock and forward sale commitments
DERIVATIVES
Amount of Gain (Loss) Recognized in Earnings on Derivatives	$ (29)	$ (198)	$ (108)	$ 268

SHORT-TERM BORROWINGS AND LON58

SHORT-TERM BORROWINGS AND LONG-TERM DEBT (Details) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
LONG-TERM DEBT
Short-term borrowings	$ 226,000,000	$ 69,000,000
Long term borrowings	92,785,000	92,785,000
Investment securities pledged as collateral	1,040,000,000	1,000,000,000
Federal Home Loan Bank Borrowings
LONG-TERM DEBT
Line of Credit, maximum borrowing capacity	1,315,443,952
Unused borrowings available	1,090,000,000
Short-term borrowings	226,000,000	69,000,000
Long term borrowings	0	0
Investment securities pledged as collateral	300,000
Commercial real estate and commercial loans pledged as collateral	1,730,000,000
Federal Reserve discount window line of credit
LONG-TERM DEBT
Unused borrowings available	67,200,000	40,800,000
Commercial real estate and commercial loans pledged as collateral	$ 140,700,000	$ 87,300,000

EQUITY (Details)

EQUITY (Details)	Jun. 04, 2015shares	Apr. 01, 2015shares	Feb. 20, 2014USD ($)shares	Jan. 29, 2014	Nov. 23, 2010$ / shares	Jun. 30, 2016USD ($)$ / shares	Jun. 30, 2015USD ($)	Jun. 30, 2016USD ($)$ / sharesshares	Jun. 30, 2015USD ($)shares	Jan. 31, 2016USD ($)	Dec. 31, 2015$ / shares
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 | shares								492,922	3,950,781
Common stock, par value (in dollars per share) | $ / shares						$ 0		$ 0			$ 0
Other operating expense | $						$ 4,270,000	$ 5,715,000	$ 7,980,000	$ 10,207,000
Rights
EQUITY
Additional extension period of Tax Benefits Preservation Plan				2 years
Central Pacific Bank
EQUITY
Statutory retained earnings | $						$ 66,600,000		66,600,000
Common Stock | 2016 Repurchase Plan
EQUITY
Up to value of shares repurchased | $								$ 10,500,000
Shares of common stock repurchased | shares								492,922
Amount authorized under the Repurchase Plan | $										$ 30,000,000
Common Stock | Repurchase Agreements | Carlyle
EQUITY
Number of shares of common stock held by investors | shares			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 | shares			1,391,089
Common Stock | Underwriting Agreement | Anchorage
EQUITY
Shares of common stock repurchased | shares	1,500,000	3,802,694
Common Stock | Maximum | Repurchase Agreements | Carlyle
EQUITY
Up to value of shares repurchased | $			$ 28,100,000
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	6 Months Ended
	Jun. 30, 2016$ / sharesshares
Activity of nonvested shares
Nonvested restricted stock awards and units, beginning of period (in shares) | shares	463,917
Changes during the period:
Granted (in shares) | shares	175,106
Vested (in shares) | shares	(244,908)
Forfeited (in shares) | shares	(3,418)
Nonvested restricted stock awards and units, end of period (in shares) | shares	390,697
Weighted Average Grant Date Fair Value
Nonvested restricted stock awards and units, beginning of period (in dollars per share) | $ / shares	$ 17.41
Changes during the period:
Granted (in dollars per share) | $ / shares	22.27
Vested (in dollars per share) | $ / shares	15.66
Forfeited (in dollars per share) | $ / shares	19.02
Nonvested restricted stock awards and units, end of period (in dollars per share) | $ / shares	$ 20.68

ACCUMULATED OTHER COMPREHENSI61

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Components of Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Before Tax
Other comprehensive income (loss), before tax	$ 10,112	$ (18,456)	$ 30,171	$ (6,551)
Tax Effect
Other comprehensive income, tax	3,997	(7,342)	11,953	(2,606)
Net of Tax
Total other comprehensive income (loss), net of tax	6,115	(11,114)	18,218	(3,945)
Net unrealized gains on investment securities
Before Tax
Other comprehensive income (loss) before reclassification, before tax	9,737	(20,752)	29,420	(9,276)
Reclassification from AOCI, before tax	0	1,866	0	1,866
Other comprehensive income (loss), before tax	9,737	(18,886)	29,420	(7,410)
Tax Effect
Other comprehensive income (loss) before reclassifications, tax	3,871	(8,259)	11,701	(3,692)
Reclassification from AOCI, tax	0	743	0	743
Other comprehensive income, tax	3,871	(7,516)	11,701	(2,949)
Net of Tax
Other comprehensive income (loss), before reclassifications, net of tax	5,866	(12,493)	17,719	(5,584)
Reclassification from AOCI, net of tax	0	1,123	0	1,123
Total other comprehensive income (loss), net of tax	5,866	(11,370)	17,719	(4,461)
Net actuarial losses
Before Tax
Reclassification from AOCI, before tax	366	421	733	841
Tax Effect
Reclassification from AOCI, tax	124	170	248	335
Net of Tax
Reclassification from AOCI, net of tax	242	251	485	506
Amortization of net transition obligation
Before Tax
Reclassification from AOCI, before tax	4	4	8	8
Tax Effect
Reclassification from AOCI, tax	1	2	2	4
Net of Tax
Reclassification from AOCI, net of tax	3	2	6	4
Amortization of prior service cost
Before Tax
Reclassification from AOCI, before tax	5	5	10	10
Tax Effect
Reclassification from AOCI, tax	1	2	2	4
Net of Tax
Reclassification from AOCI, net of tax	4	3	8	6
Defined benefit plans, net
Before Tax
Reclassification from AOCI, before tax	375	430	751	859
Tax Effect
Reclassification from AOCI, tax	126	174	252	343
Net of Tax
Other comprehensive income (loss), before reclassifications, net of tax	0	0	0	0
Reclassification from AOCI, net of tax	249	256	499	516
Total other comprehensive income (loss), net of tax	$ 249	$ 256	$ 499	$ 516

ACCUMULATED OTHER COMPREHENSI62

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Components of AOCI) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Changes in each component of AOCI, net of tax
Balance at beginning of period			$ 494,639	$ 568,041
Total other comprehensive income (loss), net of tax	$ 6,115	$ (11,114)	18,218	(3,945)
Balance at end of period	517,616	488,847	517,616	488,847
Investment Securities
Changes in each component of AOCI, net of tax
Balance at beginning of period	21,034	20,495	9,181	13,586
Other comprehensive income/loss before reclassifications	5,866	(12,493)	17,719	(5,584)
Amounts reclassified from AOCI	0	1,123	0	1,123
Total other comprehensive income (loss), net of tax	5,866	(11,370)	17,719	(4,461)
Balance at end of period	26,900	9,125	26,900	9,125
Defined Benefit Plans
Changes in each component of AOCI, net of tax
Balance at beginning of period	(8,728)	(10,167)	(8,978)	(10,427)
Other comprehensive income/loss before reclassifications	0	0	0	0
Amounts reclassified from AOCI	249	256	499	516
Total other comprehensive income (loss), net of tax	249	256	499	516
Balance at end of period	(8,479)	(9,911)	(8,479)	(9,911)
Accumulated Other Comprehensive Income (Loss)
Changes in each component of AOCI, net of tax
Balance at beginning of period	12,306	10,328	203	3,159
Other comprehensive income/loss before reclassifications	5,866	(12,493)	17,719	(5,584)
Amounts reclassified from AOCI	249	1,379	499	1,639
Total other comprehensive income (loss), net of tax	6,115	(11,114)	18,218	(3,945)
Balance at end of period	$ 18,421	$ (786)	$ 18,421	$ (786)

ACCUMULATED OTHER COMPREHENSI63

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Reclassified out of AOCI) (LOSS) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Amounts reclassified out of each component of accumulated other comprehensive income
Investment securities losses	$ 0	$ (1,866)	$ 0	$ (1,866)
Tax benefit	(6,331)	(7,944)	(12,398)	(13,703)
Net income	12,137	12,335	23,318	22,730
Amount Reclassified from AOCI
Amounts reclassified out of each component of accumulated other comprehensive income
Net income	(249)	(1,379)	(499)	(1,639)
Investment Securities
Amounts reclassified out of each component of accumulated other comprehensive income
Reclassification from AOCI, net of tax	0	(1,123)	0	(1,123)
Investment Securities | Amount Reclassified from AOCI
Amounts reclassified out of each component of accumulated other comprehensive income
Investment securities losses	0	(1,866)	0	(1,866)
Tax benefit	0	743	0	743
Net income	0	(1,123)	0	(1,123)
Defined Benefit Plans
Amounts reclassified out of each component of accumulated other comprehensive income
Amortization of defined benefit plan items, before tax	(375)	(430)	(751)	(859)
Amortization of defined benefit plan items, tax	126	174	252	343
Reclassification from AOCI, net of tax	(249)	(256)	(499)	(516)
Defined Benefit Plans | Amount Reclassified from AOCI
Amounts reclassified out of each component of accumulated other comprehensive income
Amortization of defined benefit plan items, before tax	(375)	(430)	(751)	(859)
Amortization of defined benefit plan items, tax	126	174	252	343
Reclassification from AOCI, net of tax	(249)	(256)	(499)	(516)
Net actuarial losses
Amounts reclassified out of each component of accumulated other comprehensive income
Amortization of defined benefit plan items, before tax	(366)	(421)	(733)	(841)
Amortization of defined benefit plan items, tax	124	170	248	335
Reclassification from AOCI, net of tax	(242)	(251)	(485)	(506)
Net actuarial losses | Amount Reclassified from AOCI
Amounts reclassified out of each component of accumulated other comprehensive income
Amortization of defined benefit plan items, before tax	(366)	(421)	(733)	(841)
Net transition obligation
Amounts reclassified out of each component of accumulated other comprehensive income
Amortization of defined benefit plan items, before tax	(4)	(4)	(8)	(8)
Amortization of defined benefit plan items, tax	1	2	2	4
Reclassification from AOCI, net of tax	(3)	(2)	(6)	(4)
Net transition obligation | Amount Reclassified from AOCI
Amounts reclassified out of each component of accumulated other comprehensive income
Amortization of defined benefit plan items, before tax	(4)	(4)	(8)	(8)
Prior service cost
Amounts reclassified out of each component of accumulated other comprehensive income
Amortization of defined benefit plan items, before tax	(5)	(5)	(10)	(10)
Amortization of defined benefit plan items, tax	1	2	2	4
Reclassification from AOCI, net of tax	(4)	(3)	(8)	(6)
Prior service cost | Amount Reclassified from AOCI
Amounts reclassified out of each component of accumulated other comprehensive income
Amortization of defined benefit plan items, before tax	$ (5)	$ (5)	$ (10)	$ (10)

PENSION AND SUPPLEMENTAL EXEC64

PENSION AND SUPPLEMENTAL EXECUTIVE RETIREMENT PLANS (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Pension Plan
Components of net periodic benefit cost
Interest cost	$ 344	$ 348	$ 687	$ 696
Expected return on plan assets	(439)	(472)	(878)	(944)
Amortization of net actuarial losses	354	393	708	786
Net periodic cost	259	269	517	538
SERPs
Components of net periodic benefit cost
Interest cost	117	110	233	220
Amortization of net actuarial losses	12	28	25	55
Amortization of net transition obligation	4	4	8	8
Amortization of prior service cost	5	5	10	10
Net periodic cost	$ 138	$ 147	$ 276	$ 293

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
SHARE-BASED COMPENSATION
Net income	$ 12,137	$ 12,335	$ 23,318	$ 22,730
Weighted average shares outstanding - basic	31,060,593	31,525,075	31,162,013	33,166,987
Weighted average shares outstanding - diluted	31,262,525	31,953,022	31,359,568	33,588,233
Basic earnings per common share (in dollars per share)	$ 0.39	$ 0.39	$ 0.75	$ 0.69
Diluted earnings per common share (in dollars per share)	$ 0.39	$ 0.39	$ 0.74	$ 0.68
Antidilutive securities excluded from the dilutive share calculation (in shares)	8,227	12,996	9,439	12,996
Stock Option
SHARE-BASED COMPENSATION
Dilutive effect of share-based compensation arrangements	201,932	427,947	197,555	421,246

FAIR VALUE OF FINANCIAL ASSET66

FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES (Schedule of Carrying Amount and Estimated Fair Value of Financial Instruments) (Details) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Financial assets
Cash and due from banks	$ 76,482,000	$ 71,797,000
Interest-bearing deposits in other banks	14,184,000	8,397,000
Loans held for sale	9,921,000	14,109,000
Accrued interest receivable	15,339,000	14,898,000
Deposits:
Noninterest-bearing deposits	1,152,666,000	1,145,244,000
Time deposits	1,034,724,000	1,064,207,000
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	76,482,000	71,797,000
Interest-bearing deposits in other banks	14,184,000	8,397,000
Investment securities	1,494,823,000	1,520,172,000
Loans held for sale	9,921,000	14,109,000
Net loans and leases	3,343,183,000	3,148,218,000
Accrued interest receivable	15,339,000	14,898,000
Deposits:
Noninterest-bearing deposits	1,152,666,000	1,145,244,000
Interest-bearing demand and savings deposits	2,217,752,000	2,223,988,000
Time deposits	1,034,724,000	1,064,207,000
Short-term debt	226,000,000	69,000,000
Long-term debt	92,785,000	92,785,000
Accrued interest payable (included in other liabilities)	1,385,000	1,072,000
Carrying Amount | Commitments to extend credit
Deposits:
Off-balance sheet financial instruments	797,008,000	801,835,000
Carrying Amount | Standby letters of credit and financial guarantees written
Deposits:
Off-balance sheet financial instruments	14,589,000	13,434,000
Carrying Amount | Interest rate lock commitments
Deposits:
Off-balance sheet financial instruments	11,403,000	24,009,000
Carrying Amount | Forward sale commitments
Deposits:
Off-balance sheet financial instruments	20,775,000	9,973,000
Estimated Fair Value
Financial assets
Cash and due from banks	76,482,000	71,797,000
Interest-bearing deposits in other banks	14,184,000	8,397,000
Investment securities	1,498,659,000	1,516,391,000
Loans held for sale	9,921,000	14,109,000
Net loans and leases	3,334,957,000	3,094,404,000
Accrued interest receivable	15,339,000	14,898,000
Deposits:
Noninterest-bearing deposits	1,152,666,000	1,145,244,000
Interest-bearing demand and savings deposits	2,217,752,000	2,223,988,000
Time deposits	1,035,776,000	1,064,255,000
Short-term debt	226,000,000	69,000,000
Long-term debt	66,110,000	67,421,000
Accrued interest payable (included in other liabilities)	1,385,000	1,072,000
Estimated Fair Value | Commitments to extend credit
Deposits:
Off-balance sheet financial instruments	1,006,000	1,014,000
Estimated Fair Value | Standby letters of credit and financial guarantees written
Deposits:
Off-balance sheet financial instruments	219,000	202,000
Estimated Fair Value | Interest rate lock commitments
Deposits:
Off-balance sheet financial instruments	136,000	43,000
Estimated Fair Value | Forward sale commitments
Deposits:
Off-balance sheet financial instruments	(186,000)	15,000
Quoted Prices in Active Markets for Identical Assets (Level 1)
Financial assets
Cash and due from banks	76,482,000	71,797,000
Interest-bearing deposits in other banks	14,184,000	8,397,000
Investment securities	740,000	916,000
Loans held for sale	0	0
Net loans and leases	0	0
Accrued interest receivable	15,339,000	14,898,000
Deposits:
Noninterest-bearing deposits	1,152,666,000	1,145,244,000
Interest-bearing demand and savings deposits	2,217,752,000	2,223,988,000
Time deposits	0	0
Short-term debt	0	0
Long-term debt	0	0
Accrued interest payable (included in other liabilities)	1,385,000	1,072,000
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 lock commitments
Deposits:
Off-balance sheet financial instruments	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Forward sale commitments
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	1,484,604,000	1,502,996,000
Loans held for sale	0	0
Net loans and leases	38,925,000	38,205,000
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	226,000,000	69,000,000
Long-term debt	66,110,000	67,421,000
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	1,006,000	1,014,000
Significant Other Observable Inputs (Level 2) | Standby letters of credit and financial guarantees written
Deposits:
Off-balance sheet financial instruments	219,000	202,000
Significant Other Observable Inputs (Level 2) | Interest rate lock commitments
Deposits:
Off-balance sheet financial instruments	136,000	43,000
Significant Other Observable Inputs (Level 2) | Forward sale commitments
Deposits:
Off-balance sheet financial instruments	(186,000)	15,000
Significant Unobservable Inputs (Level 3)
Financial assets
Cash and due from banks	0	0
Interest-bearing deposits in other banks	0	0
Investment securities	13,315,000	12,479,000
Loans held for sale	9,921,000	14,109,000
Net loans and leases	3,296,032,000	3,056,199,000
Accrued interest receivable	0	0
Deposits:
Noninterest-bearing deposits	0	0
Interest-bearing demand and savings deposits	0	0
Time deposits	1,035,776,000	1,064,255,000
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 lock commitments
Deposits:
Off-balance sheet financial instruments	0	0
Significant Unobservable Inputs (Level 3) | Forward sale commitments
Deposits:
Off-balance sheet financial instruments	$ 0	$ 0

FAIR VALUE OF FINANCIAL ASSET67

FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES (Assets and Liabilities Measured at Fair Value on a Recurring Basis) (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Assets and liabilities measured at fair value
Available-for-sale, at fair value	$ 1,260,593	$ 1,272,255
States and political subdivisions
Assets and liabilities measured at fair value
Available-for-sale, at fair value	193,863	190,473
Corporate securities
Assets and liabilities measured at fair value
Available-for-sale, at fair value	109,924	108,571
Residential - U.S. Government-sponsored entities
Assets and liabilities measured at fair value
Available-for-sale, at fair value	750,663	771,909
Residential - Non-government agencies
Assets and liabilities measured at fair value
Available-for-sale, at fair value	61,470	64,032
Commercial - Non-government agencies
Assets and liabilities measured at fair value
Available-for-sale, at fair value	143,933	136,354
Other
Assets and liabilities measured at fair value
Available-for-sale, at fair value	740	916
Recurring basis
Assets and liabilities measured at fair value
Available-for-sale, at fair value	1,260,593	1,272,255
Total	1,260,543	1,272,314
Recurring basis | Derivative - Interest Rate Contracts
Assets and liabilities measured at fair value
Derivatives - Interest rate lock and forward sale commitments	(50)	59
Recurring basis | States and political subdivisions
Assets and liabilities measured at fair value
Available-for-sale, at fair value	193,863	190,473
Recurring basis | Corporate securities
Assets and liabilities measured at fair value
Available-for-sale, at fair value	109,924	108,571
Recurring basis | Residential - U.S. Government-sponsored entities
Assets and liabilities measured at fair value
Available-for-sale, at fair value	750,663	771,909
Recurring basis | Residential - Non-government agencies
Assets and liabilities measured at fair value
Available-for-sale, at fair value	61,470	64,032
Recurring basis | Commercial - Non-government agencies
Assets and liabilities measured at fair value
Available-for-sale, at fair value	143,933	136,354
Recurring basis | Other
Assets and liabilities measured at fair value
Available-for-sale, at fair value	740	916
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	740	916
Total	740	916
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 lock and forward sale commitments	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	740	916
Recurring basis | Significant Other Observable Inputs (Level 2)
Assets and liabilities measured at fair value
Available-for-sale, at fair value	1,246,538	1,258,860
Total	1,246,488	1,258,919
Recurring basis | Significant Other Observable Inputs (Level 2) | Derivative - Interest Rate Contracts
Assets and liabilities measured at fair value
Derivatives - Interest rate lock and forward sale commitments	(50)	59
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	180,548	177,994
Recurring basis | Significant Other Observable Inputs (Level 2) | Corporate securities
Assets and liabilities measured at fair value
Available-for-sale, at fair value	109,924	108,571
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	750,663	771,909
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	61,470	64,032
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	143,933	136,354
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	13,315	12,479
Total	13,315	12,479
Recurring basis | Significant Unobservable Inputs (Level 3) | Derivative - Interest Rate Contracts
Assets and liabilities measured at fair value
Derivatives - Interest rate lock and forward sale commitments	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	13,315	12,479
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 ASSET68

FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES (Change in Level 3 Assets and Liabilities) (Details 3) $ in Thousands	6 Months Ended
	Jun. 30, 2016USD ($)security	Jun. 30, 2015USD ($)
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	$ 12,479	$ 13,095
Principal payments received	(166)	(812)
Unrealized net gain included in other comprehensive income	1,002	345
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	$ 13,315	$ 12,628
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 ASSET69

FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES (Assets and Liabilities Measured at Fair Value) (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Assets measured at fair value on a nonrecurring basis
Other real estate owned	$ 1,032	$ 1,962
Nonrecurring basis
Assets measured at fair value on a nonrecurring basis
Impaired loans	38,886	38,153
Other real estate owned		1,962
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 owned	0	0
Significant Other Observable Inputs (Level 2) | Nonrecurring basis
Assets measured at fair value on a nonrecurring basis
Impaired loans	38,886	38,153
Other real estate owned	1,032	1,962
Significant Unobservable Inputs (Level 3) | Nonrecurring basis
Assets measured at fair value on a nonrecurring basis
Impaired loans	0	0
Other real estate owned	$ 0	$ 0

SEGMENT INFORMATION (Details)

SEGMENT INFORMATION (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2016USD ($)segment	Jun. 30, 2015USD ($)	Dec. 31, 2015USD ($)
Segment Reporting [Abstract]
Number of reportable segments | segment			3
SEGMENT INFORMATION
Net interest income (expense)	$ 39,609	$ 37,294	$ 78,820	$ 73,529
Provision (credit) for loan and lease losses	1,382	7,319	2,129	10,066
Other operating income	11,692	8,124	21,857	19,314
Other operating expense	(34,215)	(32,458)	(67,090)	(66,476)
Income before income taxes	18,468	20,279	35,716	36,433
Income tax (expenses) benefit	(6,331)	(7,944)	(12,398)	(13,703)
Net income	12,137	12,335	23,318	22,730
Investment securities	1,494,823		1,494,823		$ 1,520,172
Total Assets	5,282,967		5,282,967		5,131,288
Banking Operations
SEGMENT INFORMATION
Net income	11,604	14,445	25,653	27,718
Total Assets	3,463,670		3,463,670		3,300,604
Treasury
SEGMENT INFORMATION
Net income	975	(1,100)	1,888	(1,136)
Total Assets	1,730,377		1,730,377		1,746,344
All Others
SEGMENT INFORMATION
Net income	(442)	(1,010)	(4,223)	(3,852)
Total Assets	88,920		88,920		84,340
Intersegment elimination
SEGMENT INFORMATION
Net interest income (expense)	0	0	0	0
Intersegment elimination | Banking Operations
SEGMENT INFORMATION
Net interest income (expense)	9,435	11,348	19,993	21,650
Intersegment elimination | Treasury
SEGMENT INFORMATION
Net interest income (expense)	(6,900)	(8,067)	(13,917)	(16,765)
Intersegment elimination | All Others
SEGMENT INFORMATION
Net interest income (expense)	(2,535)	(3,281)	(6,076)	(4,885)
Operating segments
SEGMENT INFORMATION
Net interest income (expense)	39,609	37,294	78,820	73,529
Provision (credit) for loan and lease losses	1,382	7,319	2,129	10,066
Other operating income	11,692	8,124	21,857	19,314
Other operating expense	(34,215)	(32,458)	(67,090)	(66,476)
Administrative and overhead expense allocation	0	0	0	0
Income before income taxes	18,468	20,279	35,716	36,433
Income tax (expenses) benefit	(6,331)	(7,944)	(12,398)	(13,703)
Investment securities	1,494,823		1,494,823		1,520,172
Loans and leases (including loans held for sale)	3,413,868		3,413,868		3,225,641
Other	374,276		374,276		385,475
Operating segments | Banking Operations
SEGMENT INFORMATION
Net interest income (expense)	31,985	28,837	62,936	56,691
Provision (credit) for loan and lease losses	1,382	7,319	2,129	10,066
Other operating income	6,493	6,008	12,027	12,454
Other operating expense	(14,904)	(15,354)	(29,647)	(30,178)
Administrative and overhead expense allocation	(16,709)	(15,937)	(28,141)	(28,041)
Income before income taxes	17,682	22,221	39,297	42,642
Income tax (expenses) benefit	(6,078)	(7,776)	(13,644)	(14,924)
Investment securities	0		0		0
Loans and leases (including loans held for sale)	3,413,868		3,413,868		3,225,641
Other	49,802		49,802		74,963
Operating segments | Treasury
SEGMENT INFORMATION
Net interest income (expense)	7,624	8,457	15,884	16,838
Provision (credit) for loan and lease losses	0	0	0	0
Other operating income	1,397	(1,322)	2,142	(295)
Other operating expense	(439)	(493)	(827)	(971)
Administrative and overhead expense allocation	(194)	(266)	(390)	(554)
Income before income taxes	1,488	(1,691)	2,892	(1,747)
Income tax (expenses) benefit	(513)	591	(1,004)	611
Investment securities	1,494,823		1,494,823		1,520,172
Loans and leases (including loans held for sale)	0		0		0
Other	235,554		235,554		226,172
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	3,802	3,438	7,688	7,155
Other operating expense	(18,872)	(16,611)	(36,616)	(35,327)
Administrative and overhead expense allocation	16,903	16,203	28,531	28,595
Income before income taxes	(702)	(251)	(6,473)	(4,462)
Income tax (expenses) benefit	260	$ (759)	2,250	$ 610
Investment securities	0		0		0
Loans and leases (including loans held for sale)	0		0		0
Other	$ 88,920		$ 88,920		$ 84,340