Document and Entity Information
Document and Entity Information - shares | 6 Months Ended | |
Jun. 30, 2016 | Aug. 01, 2016 | |
Document and Entity Information [Abstract] | ||
Entity Registrant Name | BANCORPSOUTH INC | |
Entity Filer Category | Large Accelerated Filer | |
Entity Central Index Key | 701,853 | |
Amendment Flag | false | |
Document Type | 10-Q | |
Document Fiscal Period Focus | Q2 | |
Document Period End Date | Jun. 30, 2016 | |
Document Fiscal Year Focus | 2,016 | |
Current Fiscal Year End Date | --12-31 | |
Entity Common Stock, Shares Outstanding | 94,566,789 |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 | Jun. 30, 2015 |
ASSETS | |||
Cash and due from banks | $ 186,381 | $ 154,192 | $ 183,541 |
Interest bearing deposits with other banks | 86,472 | 43,777 | 34,438 |
Available-for-sale securities, at fair value | 2,103,883 | 2,082,329 | 2,251,153 |
Loans and leases | 10,604,547 | 10,404,326 | 10,041,455 |
Less: Unearned income | 28,569 | 31,548 | 33,884 |
Allowance for credit losses | 126,935 | 126,458 | 138,312 |
Net loans and leases | 10,449,043 | 10,246,320 | 9,869,259 |
Loans held for sale, at fair value | 210,698 | 157,907 | 199,370 |
Premises and equipment, net | 305,694 | 308,125 | 303,837 |
Accrued interest receivable | 39,645 | 40,901 | 41,065 |
Goodwill | 294,901 | 291,498 | 291,498 |
Other identifiable intangibles | 20,831 | 20,545 | 22,415 |
Bank-owned life insurance | 255,240 | 251,534 | 247,983 |
Other real estate owned | 14,658 | 14,759 | 24,299 |
Other assets | 169,714 | 186,775 | 166,073 |
TOTAL ASSETS | 14,137,160 | 13,798,662 | 13,634,931 |
Deposits: | |||
Demand: Noninterest bearing | 3,133,460 | 3,031,528 | 2,911,972 |
Interest bearing | 4,838,704 | 5,003,806 | 4,881,469 |
Savings | 1,512,694 | 1,442,336 | 1,407,616 |
Other time | 1,879,509 | 1,853,491 | 1,933,904 |
Total deposits | 11,364,367 | 11,331,161 | 11,134,961 |
Federal funds purchased and securities sold under agreement to repurchase | 415,949 | 405,937 | 375,980 |
Short-term Federal Home Loan Bank and other short-term borrowings | 62,000 | 92,500 | |
Accrued interest payable | 3,727 | 3,071 | 3,494 |
Junior subordinated debt securities | 23,198 | 23,198 | 23,198 |
Long-term debt | 365,588 | 69,775 | 73,962 |
Other liabilities | 251,288 | 248,076 | 250,640 |
TOTAL LIABILITIES | 12,424,117 | 12,143,218 | 11,954,735 |
SHAREHOLDERS' EQUITY | |||
Common stock, $2.50 par value per share Authorized - 500,000,000 shares; Issued - 94,546,091, 94,162,728 and 96,744,530 shares, respectively | 236,365 | 235,407 | 241,889 |
Capital surplus | 286,994 | 282,934 | 337,272 |
Accumulated other comprehensive (loss) income | (27,587) | (41,825) | (41,288) |
Retained earnings | 1,217,271 | 1,178,928 | 1,142,323 |
TOTAL SHAREHOLDERS' EQUITY | 1,713,043 | 1,655,444 | 1,680,196 |
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | $ 14,137,160 | $ 13,798,662 | $ 13,634,931 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parenthetical) - $ / shares | Jun. 30, 2016 | Dec. 31, 2015 | Jun. 30, 2015 |
Consolidated Balance Sheets [Abstract] | |||
Common stock, par value (in dollars per share) | $ 2.50 | ||
Common stock, shares authorized (in shares) | 500,000,000 | ||
Common stock, shares issued (in shares) | 94,546,091 | 94,162,728 | 96,755,530 |
Consolidated Statements of Oper
Consolidated Statements of Operations - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | |
INTEREST REVENUE: | ||||
Loans and leases | $ 109,078 | $ 103,428 | $ 216,883 | $ 205,563 |
Deposits with other banks | 229 | 126 | 492 | 362 |
Available-for-sale securities: | ||||
Taxable | 6,009 | 6,424 | 11,897 | 13,268 |
Tax-exempt | 2,924 | 3,335 | 5,956 | 6,712 |
Loans held for sale | 1,183 | 1,317 | 2,167 | 2,222 |
Total interest revenue | 119,423 | 114,630 | 237,395 | 228,127 |
Deposits: | ||||
Interest bearing demand | 2,208 | 2,262 | 4,371 | 4,445 |
Savings | 451 | 426 | 894 | 838 |
Other time | 3,436 | 3,827 | 6,790 | 7,835 |
Federal funds purchased and securities sold under agreement to repurchase | 159 | 85 | 299 | 167 |
Long-term debt | 665 | 556 | 1,195 | 1,133 |
Junior subordinated debt | 187 | 165 | 370 | 328 |
Other | 1 | 1 | (1) | |
Total interest expense | 7,107 | 7,321 | 13,920 | 14,745 |
Net interest revenue | 112,316 | 107,309 | 223,475 | 213,382 |
Provision for credit losses | 2,000 | (5,000) | 3,000 | (10,000) |
Net interest revenue, after provision for credit losses | 110,316 | 112,309 | 220,475 | 223,382 |
NONINTEREST REVENUE: | ||||
Mortgage banking | 9,043 | 14,102 | 11,661 | 22,669 |
Credit card, debit card and merchant fees | 9,495 | 9,298 | 18,456 | 17,837 |
Deposit service charges | 11,018 | 11,527 | 22,032 | 22,779 |
Security gains, net | 86 | 41 | 88 | 55 |
Insurance commissions | 28,803 | 29,319 | 62,052 | 62,812 |
Wealth management | 5,347 | 5,508 | 10,456 | 11,718 |
Other | 5,891 | 4,519 | 10,453 | 9,759 |
Total noninterest revenue | 69,683 | 74,314 | 135,198 | 147,629 |
NONINTEREST EXPENSE: | ||||
Salaries and employee benefits | 81,832 | 79,759 | 164,299 | 160,938 |
Occupancy, net of rental income | 10,109 | 10,419 | 20,382 | 20,613 |
Equipment | 3,295 | 4,024 | 7,060 | 7,998 |
Deposit insurance assessments | 2,582 | 2,377 | 4,870 | 4,688 |
Regulatory settlement | 10,277 | |||
Other | 30,900 | 31,598 | 64,130 | 70,873 |
Total noninterest expense | 128,718 | 128,177 | 271,018 | 265,110 |
Income before income taxes | 51,281 | 58,446 | 84,655 | 105,901 |
Income tax expense | 16,589 | 18,733 | 27,414 | 33,922 |
Net income | $ 34,692 | $ 39,713 | $ 57,241 | $ 71,979 |
Earnings per share: | ||||
Basic (in dollars per share) | $ 0.37 | $ 0.41 | $ 0.61 | $ 0.75 |
Diluted (in dollars per share) | 0.37 | 0.41 | 0.60 | 0.74 |
Dividends declared per common share (in dollars per share) | $ 0.10 | $ 0.075 | $ 0.20 | $ 0.15 |
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 | |
Consolidated Statements of Comprehensive Income [Abstract] | ||||
Net income | $ 34,692 | $ 39,713 | $ 57,241 | $ 71,979 |
Other comprehensive income, net of tax | ||||
Unrealized gains on securities | 3,624 | (5,365) | 12,372 | 178 |
Pension and other postretirement benefits | 933 | 1,110 | 1,866 | 2,220 |
Other comprehensive income (loss), net of tax | 4,557 | (4,255) | 14,238 | 2,398 |
Comprehensive income | $ 39,249 | $ 35,458 | $ 71,479 | $ 74,377 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | Dec. 31, 2015 | |
Operating Activities: | |||||
Net income | $ 34,692 | $ 39,713 | $ 57,241 | $ 71,979 | |
Adjustment to reconcile net income to net cash provided by operating activities: | |||||
Provision for credit losses | 2,000 | (5,000) | 3,000 | (10,000) | $ (13,000) |
Depreciation and amortization | 12,606 | 13,411 | |||
Amortization of intangibles | 869 | 1,061 | 1,749 | 2,093 | |
Amortization of debt securities premium and discount, net | 5,200 | 6,503 | |||
Share-based compensation expense | 4,679 | 3,904 | |||
Security gains, net | (86) | (41) | (88) | (55) | |
Net deferred loan origination expense | (3,335) | (3,295) | |||
Excess tax benefit from exercise of stock options | (1,103) | (702) | |||
Increase in interest receivable | 1,256 | 920 | |||
Increase (decrease) in interest payable | 656 | 94 | |||
Realized gain on mortgages sold | (23,516) | (21,672) | |||
Proceeds from mortgages sold | 745,752 | 687,076 | |||
Origination of mortgages held for sale | (777,951) | (728,269) | |||
Loss on other real estate owned, net | (886) | (1,200) | 1,729 | 2,634 | |
Increase in bank-owned life insurance | (3,706) | (3,649) | |||
Other, net | 16,261 | 12,949 | |||
Net cash provided by (used in) operating activities | 40,430 | 33,921 | |||
Investing activities: | |||||
Proceeds from calls and maturities of available-for-sale securities | 224,051 | 151,206 | |||
Proceeds from sales of available-for-sale securities | 15 | 1,110 | |||
Purchases of available-for-sale securities | (229,469) | (261,356) | |||
Net increase in loans and leases | (210,262) | (290,005) | |||
Purchases of premises and equipment | (11,772) | (12,818) | |||
Proceeds from sale of premises and equipment | 949 | 139 | |||
Purchase of bank-owned life insurance, net of proceeds from death benefits | 2,742 | ||||
Acquisition of Insurance Agency | (3,716) | ||||
Proceeds from sale of other real estate owned | 6,219 | 11,468 | |||
Other, net | (50) | (12) | |||
Net cash provided by (used in) investing activities | (224,035) | (397,526) | |||
Financing activities: | |||||
Net increase in deposits | 33,206 | 162,622 | |||
Net decrease in short-term debt and other liabilities | (51,997) | 76,806 | |||
Advances of long-term debt | 300,000 | ||||
Repayment of long-term debt | (4,187) | (4,186) | |||
Issuance of common stock | 207 | 5,168 | |||
Repurchase of common stock | (971) | (2,288) | |||
Excess tax benefit from exercise of stock options | 1,103 | 702 | |||
Payment of cash dividends | (18,872) | (14,490) | |||
Net cash provided by financing activities | 258,489 | 224,334 | |||
Increase in cash and cash equivalents | 74,884 | (139,271) | |||
Cash and cash equivalents at beginning of period | 197,969 | 357,250 | 357,250 | ||
Cash and cash equivalents at end of period | $ 272,853 | $ 217,979 | $ 272,853 | $ 217,979 | $ 197,969 |
BASIS OF FINANCIAL STATEMENT PR
BASIS OF FINANCIAL STATEMENT PRESENTATION AND PRINCIPLES OF CONSOLIDATION | 6 Months Ended |
Jun. 30, 2016 | |
BASIS OF FINANCIAL STATEMENT PRESENTATION AND PRINCIPLES OF CONSOLIDATION [Abstract] | |
BASIS OF FINANCIAL STATEMENT PRESENTATION AND PRINCIPLES OF CONSOLIDATION | NOTE 1 – BASIS OF FINANCIAL STATEMENT PRESENTATION AND PRINCIPLES OF CONSOLIDATION The accompanying unaudited interim consolidated financial statements of BancorpSouth, Inc. (the “Company”) have been prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and follow general practices within the industries in which the Company operates. For further information, refer to the audited consolidated financial statements and notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2015. In the opinion of management, all adjustments necessary for a fair presentation of the consolidated financial statements have been included and all such adjustments were of a normal, recurring nature. The results of operations for the three-month and six-month periods ended June 30, 2016 are not necessarily indicative of the results to be expected for the full year. Certain 2015 amounts have been reclassified to conform with the 2016 presentation. The consolidated financial statements include the accounts of the Company, its wholly-owned subsidiaries, BancorpSouth Bank (the “Bank”) and Gumtree Wholesale Insurance Brokers, Inc., and the Bank’s wholly-owned subsidiaries, BancorpSouth Insurance Services, Inc., BancorpSouth Municipal Development Corporation and BancorpSouth Bank Securities Corporation. |
LOANS AND LEASES
LOANS AND LEASES | 6 Months Ended |
Jun. 30, 2016 | |
LOANS AND LEASES [Abstract] | |
LOANS AND LEASES | NOTE 2 – LOANS AND LEASES The Company’s loan and lease portfolio is disaggregated into the following segments: commercial and industrial; real estate; credit card; and all other. The real estate segment is further disaggregated into the following classes: consumer mortgages; home equity; agricultural; commercial and industrial-owner occupied; construction, acquisition and development; and commercial real estate. A summary of gross loans and leases by segment and class as of the dates indicated follows: June 30, December 31, 2016 2015 2015 (In thousands) Commercial and industrial $ 1,701,848 $ 1,735,444 $ 1,752,273 Real estate Consumer mortgages 2,549,989 2,374,122 2,472,202 Home equity 614,686 558,460 589,752 Agricultural 251,566 239,884 259,360 Commercial and industrial-owner occupied 1,644,618 1,596,244 1,617,429 Construction, acquisition and development 1,021,218 860,407 945,045 Commercial real estate 2,254,653 2,081,394 2,188,048 Credit cards 108,101 110,552 112,165 All other 457,868 484,948 468,052 Gross loans and leases (1) 10,604,547 10,041,455 10,404,326 Less: Unearned income 28,569 33,884 31,548 Net loans and leases $ 10,575,978 $ 10,007,571 $ 10,372,778 (1) Gross loans and leases are net of deferred fees and costs. The following table shows the Company’s loans and leases, net of unearned income, as of June 30, 2016 by segment, class and geographical location: Alabama and Florida Panhandle Arkansas Louisiana Mississippi Missouri Tennessee Texas Other Total (In thousands) Commercial and industrial $ 146,268 $ 198,348 $ 196,156 $ 680,183 $ 93,190 $ 117,291 $ 221,574 $ 45,079 $ 1,698,089 Real estate Consumer mortgages 318,323 326,634 225,181 815,895 80,713 286,004 472,988 24,251 2,549,989 Home equity 93,400 43,484 67,923 226,158 23,427 145,122 13,701 1,471 614,686 Agricultural 7,684 79,186 27,600 67,078 3,571 13,942 52,505 - 251,566 Commercial and industrial-owner occupied 199,074 174,811 198,307 668,400 49,294 140,535 214,197 - 1,644,618 Construction, acquisition and development 121,768 102,732 55,618 322,841 22,212 148,243 247,804 - 1,021,218 Commercial real estate 346,711 359,930 227,451 613,773 198,254 176,006 330,778 1,750 2,254,653 Credit cards - - - - - - - 108,101 108,101 All other 71,387 47,848 29,070 172,686 4,189 34,789 53,328 19,761 433,058 Total $ 1,304,615 $ 1,332,973 $ 1,027,306 $ 3,567,014 $ 474,850 $ 1,061,932 $ 1,606,875 $ 200,413 $ 10,575,978 There are no other loan and lease concentrations which exceed 10% of total loans and leases not already reflected in the preceding tables. A substantial portion of construction, acquisition and development loans are secured by real estate in markets in which the Company is located. The Company’s loan policy generally prohibits the use of interest reserves on loans originated after March 2010. Certain of the construction, acquisition and development loans were structured with interest-only terms. A portion of the consumer mortgage and commercial real estate portfolios were originated through the permanent financing of construction, acquisition and development loans. Future economic distress could negatively impact borrowers’ and guarantors’ ability to repay their debt which would make more of the Company’s loans collateral dependent. The following tables provide details regarding the aging of the Company’s loan and lease portfolio, net of unearned income, by segment and class at June 30, 2016 and December 31, 2015: June 30, 2016 90+ Days 30-59 Days 60-89 Days 90+ Days Total Total Past Due still Past Due Past Due Past Due Past Due Current Outstanding Accruing (In thousands) Commercial and industrial $ 5,563 $ 400 $ 5,647 $ 11,610 $ 1,686,479 $ 1,698,089 $ 82 Real estate Consumer mortgages 14,287 4,648 11,405 30,340 2,519,649 2,549,989 1,502 Home equity 2,290 1,047 1,525 4,862 609,824 614,686 - Agricultural 201 176 194 571 250,995 251,566 - Commercial and industrial-owner occupied 3,952 336 8,532 12,820 1,631,798 1,644,618 - Construction, acquisition and development 1,027 266 780 2,073 1,019,145 1,021,218 - Commercial real estate 3,469 307 1,462 5,238 2,249,415 2,254,653 - Credit cards 471 229 354 1,054 107,047 108,101 291 All other 672 67 222 961 432,097 433,058 - Total $ 31,932 $ 7,476 $ 30,121 $ 69,529 $ 10,506,449 $ 10,575,978 $ 1,875 December 31, 2015 90+ Days 30-59 Days 60-89 Days 90+ Days Total Total Past Due still Past Due Past Due Past Due Past Due Current Outstanding Accruing (In thousands) Commercial and industrial $ 2,038 $ 817 $ 4,731 $ 7,586 $ 1,740,188 $ 1,747,774 $ 60 Real estate Consumer mortgages 13,827 4,692 13,604 32,123 2,440,079 2,472,202 1,655 Home equity 2,589 268 1,896 4,753 584,999 589,752 - Agricultural 176 139 - 315 259,045 259,360 - Commercial and industrial-owner occupied 1,189 3,105 4,034 8,328 1,609,101 1,617,429 - Construction, acquisition and development 1,017 207 2,409 3,633 941,412 945,045 - Commercial real estate 2,840 187 6,286 9,313 2,178,735 2,188,048 - Credit cards 420 343 323 1,086 111,079 112,165 298 All other 628 262 105 995 440,008 441,003 - Total $ 24,724 $ 10,020 $ 33,388 $ 68,132 $ 10,304,646 $ 10,372,778 $ 2,013 The Company utilizes an internal loan classification system to grade loans according to certain credit quality indicators. These credit quality indicators include, but are not limited to, recent credit performance, delinquency, liquidity, cash flows, debt coverage ratios, collateral type and loan-to-value ratio. The Company’s internal loan classification system is compatible with classifications used by the Federal Deposit Insurance Corporation, as well as other regulatory agencies. Loans may be classified as follows: Pass: Loans which are performing as agreed with few or no signs of weakness. These loans show sufficient cash flow, capital and collateral to repay the loan as agreed. Special Mention: Loans where potential weaknesses have developed which could cause a more serious problem if not corrected. Substandard: Loans where well-defined weaknesses exist that require corrective action to prevent further deterioration. Loans are further characterized by the possibility that the Company will sustain some loss if the deficiencies are not corrected. Doubtful: Loans having all the characteristics of Substandard and which have deteriorated to a point where collection and liquidation in full is highly questionable. Loss: Loans that are considered uncollectible or with limited possible recovery. Impaired: Loans for which it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the loan agreement and for which a specific impairment reserve has been considered. The following tables provide details of the Company’s loan and lease portfolio, net of unearned income, by segment, class and internally assigned grade at June 30, 2016 and December 31, 2015: June 30, 2016 Special Pass Mention Substandard Doubtful Loss Impaired (1) Total (In thousands) Commercial and industrial $ 1,654,279 $ - $ 36,866 $ 91 $ 384 $ 6,469 $ 1,698,089 Real estate Consumer mortgages 2,482,105 298 66,614 14 - 958 2,549,989 Home equity 603,039 - 10,163 - - 1,484 614,686 Agricultural 242,721 - 8,085 - - 760 251,566 Commercial and industrial-owner occupied 1,585,978 516 45,682 375 - 12,067 1,644,618 Construction, acquisition and development 1,003,045 - 12,809 - - 5,364 1,021,218 Commercial real estate 2,202,501 - 38,867 151 - 13,134 2,254,653 Credit cards 108,101 - - - - - 108,101 All other 424,932 - 8,027 99 - - 433,058 Total $ 10,306,701 $ 814 $ 227,113 $ 730 $ 384 $ 40,236 $ 10,575,978 December 31, 2015 Special Pass Mention Substandard Doubtful Loss Impaired (1) Total (In thousands) Commercial and industrial $ 1,721,118 $ - $ 19,529 $ - $ - $ 7,127 $ 1,747,774 Real estate Consumer mortgages 2,399,081 - 68,768 363 - 3,990 2,472,202 Home equity 577,539 - 10,418 - - 1,795 589,752 Agricultural 250,579 - 7,909 - - 872 259,360 Commercial and industrial-owner occupied 1,554,984 - 50,304 - - 12,141 1,617,429 Construction, acquisition and development 920,372 - 17,090 - - 7,583 945,045 Commercial real estate 2,124,448 - 45,658 161 - 17,781 2,188,048 Credit cards 112,165 - - - - - 112,165 All other 433,333 - 7,465 102 - 103 441,003 Total $ 10,093,619 $ - $ 227,141 $ 626 $ - $ 51,392 $ 10,372,778 (1) Impaired loans are shown exclusive of accruing troubled debt restructurings (“TDRs”) The following tables provide details regarding impaired loans and leases, net of unearned income, which exclude accruing TDRs by segment and class as of and for the three months and six months ended June 30, 2016 and as of and for the year ended December 31, 2015: June 30, 2016 Unpaid Average Recorded Investment Interest Income Recognized Recorded Principal Related Three months Six months Three months Six months Investment Balance of Allowance ended ended ended ended in Impaired Impaired for Credit June 30, June 30, June 30, June 30, Loans (1) Loans Losses 2016 2016 2016 2016 (In thousands) With no related allowance: Commercial and industrial $ 5,968 $ 13,178 $ - $ 6,583 $ 6,733 $ 29 $ 53 Real estate: Consumer mortgages 958 1,344 - 1,943 2,767 8 21 Home equity 1,484 1,599 - 1,363 1,578 1 5 Agricultural 254 311 - 271 291 1 4 Commercial and industrial-owner occupied 12,067 13,735 - 11,608 10,913 96 204 Construction, acquisition and development 5,135 5,135 - 5,374 5,600 1 4 Commercial real estate 3,224 3,589 - 6,537 5,433 47 70 All other - - - - - - - Total $ 29,090 $ 38,891 $ - $ 33,679 $ 33,315 $ 183 $ 361 With an allowance: Commercial and industrial $ 501 $ 812 $ 71 $ 1,946 $ 1,228 $ 14 $ 19 Real estate: Consumer mortgages - - - - 348 - - Home equity - - - 261 131 1 1 Agricultural 506 506 124 521 535 - - Commercial and industrial-owner occupied - - - 1,146 1,489 - - Construction, acquisition and development 229 229 4 229 686 - - Commercial real estate 9,910 9,910 2,871 7,544 9,998 38 101 All other - - - - - - - Total $ 11,146 $ 11,457 $ 3,070 $ 11,647 $ 14,415 $ 53 $ 121 Total: Commercial and industrial $ 6,469 $ 13,990 $ 71 $ 8,529 $ 7,961 $ 43 $ 72 Real estate: Consumer mortgages 958 1,344 - 1,943 3,115 8 21 Home equity 1,484 1,599 - 1,624 1,709 2 6 Agricultural 760 817 124 792 826 1 4 Commercial and industrial-owner occupied 12,067 13,735 - 12,754 12,402 96 204 Construction, acquisition and development 5,364 5,364 4 5,603 6,286 1 4 Commercial real estate 13,134 13,499 2,871 14,081 15,431 85 171 All other - - - - - - - Total $ 40,236 $ 50,348 $ 3,070 $ 45,326 $ 47,730 $ 236 $ 482 (1) Excludes $2.8 million of non-accruing TDRs. December 31, 2015 Unpaid Recorded Principal Related Investment Balance of Allowance Average Interest in Impaired Impaired for Credit Recorded Income Loans (1) Loans Losses Investment Recognized (In thousands) With no related allowance: Commercial and industrial $ 7,055 $ 13,986 $ - $ 3,749 $ 95 Real estate: Consumer mortgages 3,990 4,545 - 3,579 76 Home equity 1,795 1,795 - 744 7 Agricultural 322 380 - 142 6 Commercial and industrial-owner occupied 12,141 13,332 - 6,904 226 Construction, acquisition and development 5,969 6,052 - 3,553 25 Commercial real estate 5,017 6,879 - 7,944 202 All other 103 103 - 172 3 Total $ 36,392 $ 47,072 $ - $ 26,787 $ 640 With an allowance: Commercial and industrial $ 72 $ 383 $ 78 $ 3,635 $ 84 Real estate: Consumer mortgages - - - 368 9 Home equity - - - 668 15 Agricultural 550 550 159 47 - Commercial and industrial-owner occupied - - 326 1,866 51 Construction, acquisition and development 1,614 1,614 677 300 - Commercial real estate 12,764 13,185 1,110 3,582 44 All other - - - - - Total $ 15,000 $ 15,732 $ 2,350 $ 10,466 $ 203 Total: Commercial and industrial $ 7,127 $ 14,369 $ 78 $ 7,384 $ 179 Real estate: Consumer mortgages 3,990 4,545 - 3,947 85 Home equity 1,795 1,795 - 1,412 22 Agricultural 872 930 159 189 6 Commercial and industrial-owner occupied 12,141 13,332 326 8,770 277 Construction, acquisition and development 7,583 7,666 677 3,853 25 Commercial real estate 17,781 20,064 1,110 11,526 246 All other 103 103 - 172 3 Total $ 51,392 $ 62,804 $ 2,350 $ 37,253 $ 843 (1) Excludes $ 2.6 million of non-accruing TDRs. The following tables provide details regarding impaired loans and leases, net of unearned income, which include accruing TDRs, by segment and class as of and for the three months and six months ended June 30, 2016 and as of and for the year ended December 31, 2015: June 30, 2016 Recorded Unpaid Principal Average Recorded Investment Interest Income Recognized Investment Balance of Related Three months Six months Three months Six months in Impaired Impaired Loans, Allowance ended ended ended ended Loans, including including for Credit June 30, June 30, June 30, June 30, Accruing TDRs Accruing TDRs Losses 2016 2016 2016 2016 (In thousands) With no related allowance: Commercial and industrial $ 5,968 $ 13,178 $ - $ 6,583 $ 6,733 $ 29 $ 53 Real estate: Consumer mortgages 958 1,344 - 1,943 2,767 8 21 Home equity 1,485 1,599 - 1,363 1,578 1 5 Agricultural 253 311 - 271 291 1 4 Commercial and industrial-owner occupied 12,067 13,735 - 11,608 10,913 96 204 Construction, acquisition and development 5,135 5,135 - 5,374 5,600 1 4 Commercial real estate 3,224 3,589 - 6,537 5,433 47 70 All other - - - - - - - Total $ 29,090 $ 38,891 $ - $ 33,679 $ 33,315 $ 183 $ 361 With an allowance: Commercial and industrial $ 3,850 $ 4,181 $ 165 $ 5,243 $ 3,328 $ 49 $ 63 Real estate: Consumer mortgages 1,762 2,023 332 1,458 1,856 11 22 Home equity 3 13 1 277 149 1 1 Agricultural 591 591 150 612 596 1 2 Commercial and industrial-owner occupied 2,922 3,482 207 4,014 5,680 16 61 Construction, acquisition and development 1,585 1,585 47 1,595 2,067 10 20 Commercial real estate 11,221 11,434 3,784 9,072 11,142 54 125 Credit card 902 902 29 885 921 89 179 All other 891 933 14 895 846 8 16 Total $ 23,727 $ 25,144 $ 4,729 $ 24,051 $ 26,585 $ 239 $ 489 Total: Commercial and industrial $ 9,818 $ 17,359 $ 165 $ 11,826 $ 10,061 $ 78 $ 116 Real estate: Consumer mortgages 2,720 3,367 332 3,401 4,623 19 43 Home equity 1,488 1,612 1 1,640 1,727 2 6 Agricultural 844 902 150 883 887 2 6 Commercial and industrial-owner occupied 14,989 17,217 207 15,622 16,593 112 265 Construction, acquisition and development 6,720 6,720 47 6,969 7,667 11 24 Commercial real estate 14,445 15,023 3,784 15,609 16,575 101 195 Credit card 902 902 29 885 921 89 179 All other 891 933 14 895 846 8 16 Total $ 52,817 $ 64,035 $ 4,729 $ 57,730 $ 59,900 $ 422 $ 850 December 31, 2015 Recorded Unpaid Principal Investment Balance of Related in Impaired Impaired Loans, Allowance Average Interest Loans, Including Including for Credit Recorded Income Accruing TDRs Accruing TDRs Losses Investment Recognized (In thousands) With no related allowance: Commercial and industrial $ 7,055 $ 13,986 $ - $ 3,749 $ 95 Real estate: Consumer mortgages 3,990 4,545 - 3,579 76 Home equity 1,795 1,795 - 744 7 Agricultural 322 380 - 142 6 Commercial and industrial-owner occupied 12,141 13,332 - 6,904 226 Construction, acquisition and development 5,969 6,052 - 3,553 25 Commercial real estate 5,017 6,879 - 7,944 202 All other 103 103 - 172 3 Total $ 36,392 $ 47,072 $ - $ 26,787 $ 640 With an allowance: Commercial and industrial $ 968 $ 1,294 $ 181 $ 4,251 $ 114 Real estate: Consumer mortgages 1,787 1,896 226 2,056 75 Home equity 20 30 3 674 15 Agricultural 586 586 162 56 - Commercial and industrial-owner occupied 5,900 6,245 518 6,816 235 Construction, acquisition and development 3,328 3,328 721 1,759 42 Commercial real estate 13,616 14,250 1,217 7,802 187 Credit cards 939 939 34 1,024 102 All other 405 604 30 213 7 Total $ 27,549 $ 29,172 $ 3,092 $ 24,651 $ 777 Total: Commercial and industrial $ 8,023 $ 15,280 $ 181 $ 8,000 $ 209 Real estate: Consumer mortgages 5,777 6,441 226 5,635 151 Home equity 1,815 1,825 3 1,418 22 Agricultural 908 966 162 198 6 Commercial and industrial-owner occupied 18,041 19,577 518 13,720 461 Construction, acquisition and development 9,297 9,380 721 5,312 67 Commercial real estate 18,633 21,129 1,217 15,746 389 Credit cards 939 939 34 1,024 102 All other 508 707 30 385 10 Total $ 63,941 $ 76,244 $ 3,092 $ 51,438 $ 1,417 Loans considered impaired under Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 310, Receivables (“FASB ASC 310”), are loans greater than $500,000 for which, based on current information and events, it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the loan agreement and all loans restructured in a TDR. The Company’s recorded investment in loans considered impaired exclusive of accruing TDRs at June 30, 2016 and December 31, 2015 was $40.2 million and $51.4 million, respectively. At June 30, 2016 and December 31, 2015, $ 11.1 million and $15.0 million, respectively, of those impaired loans had a valuation allowance of $3.1 million and $ 2.4 million, respectively. The remaining balance of impaired loans of $29.1 million and $36.4 million at June 30, 2016 and December 31, 2015, respectively, have sufficient collateral supporting the collection of all outstanding principle or were charged down to fair value, less estimated selling costs . Therefore, such loans did not have an associated valuation allowance. Impaired loans that were characterized as non-accruing TDRs totaled $14.1 million and $ 15.1 million at June 30, 2016 and December 31, 2015, respectively. Non-performing loans and leases (“NPLs”) consist of non-accrual loans and leases, loans and leases 90 days or more past due and still accruing, and loans and leases that have been restructured (primarily in the form of reduced interest rates and modified payment terms) because of the borrower’s weakened financial condition or bankruptcy proceedings. The following table presents information concerning NPLs as of the dates indicated: June 30, December 31, 2016 2015 2015 (In thousands) Non-accrual loans and leases $ 68,638 $ 67,766 $ 83,028 Loans and leases 90 days or more past due, still accruing 1,875 1,568 2,013 Restructured loans and leases, still accruing 9,687 10,109 9,876 Total non-performing loans and leases $ 80,200 $ 79,443 $ 94,917 The Bank’s policy for all loan classifications provides that loans and leases are generally placed in non-accrual status if, in management’s opinion, payment in full of principal or interest is not expected or payment of principal or interest is more than 90 days past due, unless such loan or lease is both well-secured and in the process of collection. At June 30, 2016, the Company’s geographic NPL distribution was concentrated primarily in its Arkansas, Louisiana and Mississippi markets. The following table presents the Company’s nonaccrual loans and leases by segment and class as of the dates indicated: June 30, December 31, 2016 2015 2015 (In thousands) Commercial and industrial $ 8,675 $ 9,740 $ 8,493 Real estate Consumer mortgages 19,309 21,636 21,637 Home equity 2,734 3,550 4,021 Agricultural 1,107 259 921 Commercial and industrial-owner occupied 16,021 14,007 16,512 Construction, acquisition and development 6,086 5,411 9,130 Commercial real estate 14,197 12,397 21,741 Credit cards 159 157 188 All other 350 609 385 Total $ 68,638 $ 67,766 $ 83,028 In the normal course of business, management will sometimes grant concessions, which would not otherwise be considered, to borrowers that are experiencing financial difficulty. Loans identified as meeting the criteria set out in FASB ASC 310 are identified as TDRs. The concessions granted most frequently for TDRs involve reductions or delays in required payments of principal and interest for a specified period, the rescheduling of payments in accordance with a bankruptcy plan. In most cases, the conditions of the credit also warrant nonaccrual status, even after the restructure occurs. Other conditions that warrant a loan being considered a TDR include reductions in interest rates to below market rates due to bankruptcy plans or by the bank in an attempt to assist the borrower in working through liquidity problems. As part of the credit approval process, the restructured loans are evaluated for adequate collateral protection in determining the appropriate accrual status at the time of restructure. TDRs recorded as nonaccrual loans may generally be returned to accrual status in years after the restructure if there has been at least a six-month period of sustained repayment performance by the borrower in accordance with the terms of the restructured loan. During the second quarter of 2016, the most common concessions that were granted involved rescheduling payments of principal and interest over a longer amortization period, granting a period of reduced principal payment or interest only payment for a limited time period, or the rescheduling of payments in accordance with a bankruptcy plan or a reduction in interest rates . The following tables summarize the financial effect of TDRs recorded during the periods indicated: Three months ended June 30, 2016 Pre-Modification Post-Modification Number Outstanding Outstanding of Recorded Recorded Contracts Investment Investment (Dollars in thousands) Commercial and industrial 6 $ 2,630 $ 2,569 Real estate Consumer mortgages 8 604 586 Home equity 1 3 3 Agricultural 1 67 67 Commercial and industrial-owner occupied 3 585 581 Commercial real estate 1 961 956 All other - - - Total 20 $ 4,850 $ 4,762 Six months ended June 30, 2016 Pre-Modification Post-Modification Number Outstanding Outstanding of Recorded Recorded Contracts Investment Investment (Dollars in thousands) Commercial and industrial 9 $ 3,236 $ 3,174 Real estate Consumer mortgages 12 723 704 Home equity 1 3 3 Agricultural 1 67 67 Commercial and industrial-owner occupied 3 585 581 Commercial real estate 2 3,687 1,318 All other 3 716 713 Total 31 $ 9,017 $ 6,560 Year ended December 31, 2015 Pre-Modification Post-Modification Number Outstanding Outstanding of Recorded Recorded Contracts Investment Investment (Dollars in thousands) Commercial and industrial 11 $ 1,472 $ 1,452 Real estate Consumer mortgages 21 1,230 1,144 Home equity 1 20 20 Agricultural 3 37 36 Commercial and industrial-owner occupied 13 6,357 6,329 Construction, acquisition and development 3 217 215 Commercial real estate 9 12,565 12,144 All other 7 94 88 Total 68 $ 21,992 $ 21,428 The tables below summarize TDRs within the previous 12 months for which there was a payment default during the period indicated (i.e., 30 days or more past due at any given time during the period indicated). Three months ended June 30, 2016 Number of Recorded Contracts Investment (Dollars in thousands) Real estate Consumer mortgages 2 $ 125 All other 1 15 Total 3 $ 140 Six months ended June 30, 2016 Number of Recorded Contracts Investment (Dollars in thousands) Real estate Consumer mortgages 4 $ 172 Commercial and industrial-owner occupied 1 406 Construction, acquisition and development 1 14 Commercial real estate 1 9,335 All other 2 20 Total 9 $ 9,947 Year ended December 31, 2015 Number of Recorded Contracts Investment (Dollars in thousands) Commercial and industrial 1 $ 84 Real estate Consumer mortgages 4 226 Agricultural 1 20 Commercial and industrial-owner occupied 1 517 Commercial real estate 2 197 Total 9 $ 1,044 |
ALLOWANCE FOR CREDIT LOSSES
ALLOWANCE FOR CREDIT LOSSES | 6 Months Ended |
Jun. 30, 2016 | |
ALLOWANCE FOR CREDIT LOSSES [Abstract] | |
ALLOWANCE FOR CREDIT LOSSES | NOTE 3 – ALLOWANCE FOR CREDIT LOSSES The following tables summarize the changes in the allowance for credit losses by segment and class for the periods indicated: Six months ended June 30, 2016 Balance, Balance, Beginning of End of Period Charge-offs Recoveries Provision Period (In thousands) Commercial and industrial $ 17,583 $ (888) $ 551 $ 473 $ 17,719 Real estate Consumer mortgages 33,198 (1,187) 954 260 33,225 Home equity 6,949 (774) 326 666 7,167 Agricultural 2,524 (21) 132 (272) 2,363 Commercial and industrial-owner occupied 14,607 (814) 226 (377) 13,642 Construction, acquisition and development 15,925 (506) 796 (679) 15,536 Commercial real estate 25,508 (1,115) 1,192 2,103 27,688 Credit cards 4,047 (1,334) 380 346 3,439 All other 6,117 (904) 463 480 6,156 Total $ 126,458 $ (7,543) $ 5,020 $ 3,000 $ 126,935 Year ended December 31, 2015 Balance, Balance, Beginning of End of Period Charge-offs Recoveries Provision Period (In thousands) Commercial and industrial $ 21,419 $ (10,022) $ 2,035 $ 4,151 $ 17,583 Real estate Consumer mortgages 40,015 (3,995) 2,693 (5,515) 33,198 Home equity 9,542 (1,204) 639 (2,028) 6,949 Agricultural 3,420 (33) 384 (1,247) 2,524 Commercial and industrial-owner occupied 16,325 (1,800) 2,834 (2,752) 14,607 Construction, acquisition and development 9,885 (1,039) 11,727 (4,648) 15,925 Commercial real estate 23,562 (3,723) 1,656 4,013 25,508 Credit cards 6,514 (2,632) 658 (493) 4,047 All other 11,761 (2,271) 1,108 (4,481) 6,117 Total $ 142,443 $ (26,719) $ 23,734 $ (13,000) $ 126,458 Six months ended June 30, 2015 Balance, Balance, Beginning of End of Period Charge-offs Recoveries Provision Period (In thousands) Commercial and industrial $ 21,419 $ (1,819) $ 784 $ 1,094 $ 21,478 Real estate Consumer mortgages 40,015 (1,467) 1,652 (1,895) 38,305 Home equity 9,542 (743) 426 408 9,633 Agricultural 3,420 (8) 305 (678) 3,039 Commercial and industrial-owner occupied 16,325 (798) 696 1,121 17,344 Construction, acquisition and development 9,885 (615) 9,582 (9,061) 9,791 Commercial real estate 23,562 (2,124) 1,320 (963) 21,795 Credit cards 6,514 (1,203) 336 (134) 5,513 All other 11,761 (1,020) 565 108 11,414 Total $ 142,443 $ (9,797) $ 15,666 $ (10,000) $ 138,312 The following tables provide the allowance for credit losses by segment, class and impairment status as of the dates indicated: : June 30, 2016 Recorded Allowance for Allowance for Balance of Impaired Loans All Other Loans Total Impaired Loans (1) and Leases and Leases Allowance (In thousands) Commercial and industrial $ 6,469 $ 71 $ 17,648 $ 17,719 Real estate Consumer mortgages 958 - 33,225 33,225 Home equity 1,484 - 7,167 7,167 Agricultural 760 124 2,239 2,363 Commercial and industrial-owner occupied 12,067 - 13,642 13,642 Construction, acquisition and development 5,364 4 15,532 15,536 Commercial real estate 13,134 2,871 24,817 27,688 Credit cards - - 3,439 3,439 All other - - 6,156 6,156 Total $ 40,236 $ 3,070 $ 123,865 $ 126,935 December 31, 2015 Recorded Allowance for Allowance for Balance of Impaired Loans All Other Loans Total Impaired Loans (1) and Leases and Leases Allowance (In thousands) Commercial and industrial $ 7,127 $ 78 $ 17,505 $ 17,583 Real estate Consumer mortgages 3,990 - 33,198 33,198 Home equity 1,795 - 6,949 6,949 Agricultural 872 159 2,365 2,524 Commercial and industrial-owner occupied 12,141 326 14,281 14,607 Construction, acquisition and development 7,583 677 15,248 15,925 Commercial real estate 17,781 1,110 24,398 25,508 Credit cards - - 4,047 4,047 All other 103 - 6,117 6,117 Total $ 51,392 $ 2,350 $ 124,108 $ 126,458 (1) Impaired loans are shown exclusive of accruing troubled debt restructurings (“TDRs”) Management evaluates impaired loans individually in determining the allowance for impaired loans. As a result of the Company individually evaluating loans of $500,000 for impairment, further review of remaining loans collectively, as well as the corresponding potential allowance, would be immaterial in the opinion of management. |
OTHER REAL ESTATE OWNED
OTHER REAL ESTATE OWNED | 6 Months Ended |
Jun. 30, 2016 | |
OTHER REAL ESTATE OWNED [Abstract] | |
OTHER REAL ESTATE OWNED | NOTE 4 – OTHER REAL ESTATE OWNED The following table presents the activity in other real estate owned (“OREO”) for the periods indicated: Six months ended Year ended June 30, December 31, 2016 2015 2015 (In thousands) Balance at beginning of period $ 14,759 $ 33,984 $ 33,984 Additions to foreclosed properties New foreclosed properties 7,874 4,534 7,422 Reductions in foreclosed properties Sales including realized gains and losses, net (6,505) (11,010) (20,649) Writedowns (1,470) (3,209) (5,998) Balance at end of period $ 14,658 $ 24,299 $ 14,759 The following tables present the OREO by segment and class as of the dates indicated: June 30, December 31, 2016 2015 2015 (In thousands) Commercial and industrial $ 74 $ 84 $ 84 Real estate Consumer mortgages 2,109 2,048 2,477 Home equity 654 101 101 Agricultural 25 25 25 Commercial and industrial-owner occupied 1,272 1,214 1,074 Construction, acquisition and development 8,051 19,639 10,212 Commercial real estate 2,312 1,069 678 All other 161 119 108 Total $ 14,658 $ 24,299 $ 14,759 The Company incurred total foreclosed property expenses of $ 1.3 million and $ 1.6 million for the three months ended June 30, 2016 and 2015, respectively. Realized net losses on dispositions and holding losses on valuations of these properties, a component of total foreclosed property expenses, were approximately $886,000 and $1.2 million for the three months ended June 30, 2016 and 2015, respectively. The Company incurred total foreclosed property expenses of $ 2.5 million and $ 3.6 million for the six months ended June 30, 2016 and 2015, respectively. Realized net losses on dispositions and holding losses on valuations of these properties, a component of total foreclosed property expenses, were $1.7 million and $ 2.6 million for the six months ended June 30, 2016 and 2015, respectively. |
SECURITIES
SECURITIES | 6 Months Ended |
Jun. 30, 2016 | |
SECURITIES [Abstract] | |
SECURITIES | NOTE 5 – SECURITIES A comparison of amortized cost and estimated fair values of available-for-sale securities as of June 30, 2016 and 2015, respectively, and December 31, 2015 follows: June 30, 2016 Gross Gross Estimated Amortized Unrealized Unrealized Fair Cost Gains Losses Value (In thousands) U.S. Government agencies $ 1,302,238 $ 8,565 $ - $ 1,310,803 Government agency issued residential mortgage-backed securities 177,195 3,066 83 180,178 Government agency issued commercial mortgage-backed securities 188,222 5,268 15 193,475 Obligations of states and political subdivisions 374,134 25,263 6 399,391 Other 19,173 863 - 20,036 Total $ 2,060,962 $ 43,025 $ 104 $ 2,103,883 December 31, 2015 Gross Gross Estimated Amortized Unrealized Unrealized Fair Cost Gains Losses Value (In thousands) U.S. Government agencies $ 1,246,261 $ 826 $ 2,447 $ 1,244,640 Government agency issued residential mortgage-backed securities 138,759 1,957 176 140,540 Government agency issued commercial mortgage-backed securities 261,544 2,414 3,265 260,693 Obligations of states and political subdivisions 394,769 22,813 83 417,499 Other 18,112 845 - 18,957 Total $ 2,059,445 $ 28,855 $ 5,971 $ 2,082,329 June 30, 2015 Gross Gross Estimated Amortized Unrealized Unrealized Fair Cost Gains Losses Value (In thousands) U.S. Government agencies $ 1,331,589 $ 5,341 $ 84 $ 1,336,846 Government agency issued residential mortgage-backed securities 214,390 3,518 717 217,191 Government agency issued commercial mortgage-backed securities 224,386 2,064 2,000 224,450 Obligations of states and political subdivisions 434,980 23,488 146 458,322 Other 13,123 1,221 - 14,344 Total $ 2,218,468 $ 35,632 $ 2,947 $ 2,251,153 Gross gains of approximately $88,000 and no gross losses were recognized on available-for-sale securities during the first six months of 2016, while gross gains of approximately $55,000 and no gross losses were recognized during the first six months of 2015. The amortized cost and estimated fair value of available-for-sale securities at June 30, 2016 by contractual maturity are shown below. Actual maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Equity securities are considered as maturing after ten years. June 30, 2016 Estimated Weighted Amortized Fair Average Cost Value Yield (Dollars in thousands) Maturing in one year or less $ 380,547 $ 381,075 0.91 % Maturing after one year through five years 1,023,283 1,033,003 1.36 Maturing after five years through ten years 49,906 53,281 5.77 Maturing after ten years 241,809 262,871 5.72 Mortgage-backed securities 365,417 373,653 2.08 Total $ 2,060,962 $ 2,103,883 The following tables summarize information pertaining to temporarily impaired available-for-sale securities with continuous unrealized loss positions at June 30, 2016 and December 31, 2015: June 30, 2016 Continuous Unrealized Loss Position Less Than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses (In thousands) Government agency issued residential mortgage-backed securities $ 21,771 $ 76 $ 4,691 $ 7 $ 26,462 $ 83 Government agency issued commercial mortgage-backed securities 14,049 13 658 2 14,707 15 Obligations of states and political subdivisions 657 6 - - 657 6 Total $ 36,477 $ 95 $ 5,349 $ 9 $ 41,826 $ 104 December 31, 2015 Continuous Unrealized Loss Position Less Than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses (In thousands) U.S. Government agencies $ 762,568 $ 2,447 $ - $ - $ 762,568 $ 2,447 Government agency issued residential mortgage-backed securities 34,238 176 - - 34,238 176 Government agency issued commercial mortgage-backed securities 193,621 2,710 31,166 555 224,787 3,265 Obligations of states and political subdivisions 13,576 70 2,856 13 16,432 83 Total $ 1,004,003 $ 5,403 $ 34,022 $ 568 $ 1,038,025 $ 5,971 Based upon a review of the credit quality of these securities, and considering that the issuers were in compliance with the terms of the securities, management ha s no intent to sell these securities until the full recovery of unrealized losses which may be until maturity , and it was more likely than not that the Company would not be required to sell the securities prior to recovery of costs. Therefore, the impairments related to these securities were determined to be temporary. No other-than-temporary impairment was recorded during the first six months of 2016 or 2015 . |
PER SHARE DATA
PER SHARE DATA | 6 Months Ended |
Jun. 30, 2016 | |
PER SHARE DATA [Abstract] | |
PER SHARE DATA | NOTE 6 – PER SHARE DATA Basic earnings per share (“EPS”) are calculated using the two-class method. The two-class method provides that unvested share-based payment awards that contain nonforfeitable rights to dividends or dividend equivalents (whether paid or unpaid) are participating securities and shall be included in the computation of basic EPS. Diluted EPS is computed using the weighted-average number of shares determined for the basic EPS computation plus the shares resulting from the assumed exercise of all outstanding share-based awards using the treasury stock method. Weighted-average antidilutive stock options to purchase approximately 37,800 and 51,300 shares of Company common stock with a weighted average exercise price of $24.59 and $24.78 per share for the three months and six months ended June 30, 2016 were excluded from diluted shares. Antidilutive other equity awards of approximately 14,000 and 7,000 shares of Company common stock for the three months and six months ended June 30, 2016, respectively, were excluded from diluted shares. Weighted-average antidilutive stock options to purchase approximately 32,400 of Company common stock with a weighted average exercise price of $25.31 per share for both the three months and six months ended June 30, 2015 were excluded from diluted shares. Antidilutive other equity awards of approximately 12,000 and 6,000 shares of Company common stock for the three months and six months ended June 30, 2015 were also excluded from diluted shares. The following table provides a reconciliation of the numerators and denominators of the basic and diluted earnings per share computations for the periods shown: Three months ended June 30, 2016 2015 Income Shares Per Share Income Shares Per Share (Numerator) (Denominator) Amount (Numerator) (Denominator) Amount Basic EPS (In thousands, except per share amounts) Income available to common shareholders $ 34,692 94,461 $ 0.37 $ 39,713 96,626 $ 0.41 Effect of dilutive share- based awards - 234 - 332 Diluted EPS Income available to common shareholders plus assumed exercise of all outstanding share-based awards $ 34,692 94,695 $ 0.37 $ 39,713 96,958 $ 0.41 Six months ended June 30, 2016 2015 Income Shares Per Share Income Shares Per Share (Numerator) (Denominator) Amount (Numerator) (Denominator) Amount Basic EPS (In thousands, except per share amounts) Income available to common shareholders $ 57,241 94,415 $ 0.61 $ 71,979 96,493 $ 0.75 Effect of dilutive share- based awards - 229 - 329 Diluted EPS Income available to common shareholders plus assumed exercise of all outstanding share-based awards $ 57,241 94,644 $ 0.60 $ 71,979 96,822 $ 0.74 |
COMPREHENSIVE INCOME
COMPREHENSIVE INCOME | 6 Months Ended |
Jun. 30, 2016 | |
COMPREHENSIVE INCOME [Abstract] | |
COMPREHENSIVE INCOME | NOTE 7 – COMPREHENSIVE INCOME The following tables present the components of other comprehensive (loss) income and the related tax effects allocated to each component for the periods indicated : Three months ended June 30, 2016 2015 Before Net Before Net tax Tax of tax tax Tax of tax amount effect amount amount effect amount Net unrealized gains (losses) on available-for- (In thousands) sale securities: Unrealized gains (losses) arising during holding period $ 5,956 $ (2,279) $ 3,677 $ (8,653) $ 3,313 $ (5,340) Reclassification adjustment for net gains realized in net income (1) (86) 33 (53) (41) 16 (25) Recognized employee benefit plan net periodic benefit cost (2) 1,511 (578) 933 1,797 (687) 1,110 Other comprehensive income (loss) $ 7,381 $ (2,824) $ 4,557 $ (6,897) $ 2,642 $ (4,255) Net income 34,692 39,713 Comprehensive income $ 39,249 $ 35,458 (1) Reclassification adjustments for net gains (losses) on available-for-sale securities are reported as net security gains on the consolidated statements of income. (2) Recognized employee benefit plan net periodic benefit cost include recognized prior service cost and recognized net loss. For more information, see Note 9 - Pension Benefits. Six months ended June 30, 2016 2015 Before Net Before Net tax Tax of tax tax Tax of tax amount effect amount amount effect amount Net unrealized gains on available-for- (In thousands) sale securities: Unrealized gains arising during holding period $ 20,125 $ (7,699) $ 12,426 $ 380 $ (168) $ 212 Reclassification adjustment for net gains realized in net income (1) (88) 34 (54) (55) 21 (34) Recognized employee benefit plan net periodic benefit cost (2) 3,022 (1,156) 1,866 3,594 (1,374) 2,220 Other comprehensive income $ 23,059 $ (8,821) $ 14,238 $ 3,919 $ (1,521) $ 2,398 Net income 57,241 71,979 Comprehensive income $ 71,479 $ 74,377 (1) Reclassification adjustments for net gains (losses) on available-for-sale securities are reported as net security gains on the consolidated statements of income. (2) Recognized employee benefit plan net periodic benefit cost include recognized prior service cost and recognized net loss. For more information, see Note 9 - Pension Benefits. |
GOODWILL AND OTHER INTANGIBLE A
GOODWILL AND OTHER INTANGIBLE ASSETS | 6 Months Ended |
Jun. 30, 2016 | |
GOODWILL AND OTHER INTANGIBLE ASSETS [Abstract] | |
GOODWILL AND OTHER INTANGIBLE ASSETS | NOTE 8 – GOODWILL AND OTHER INTANGIBLE ASSETS The carrying amounts of goodwill by operating segment for the six months ended June 30, 2016 were as follows: Community Insurance Banking Agencies Total (In thousands) Balance as of December 31, 2015 $ 217,618 $ 73,880 $ 291,498 Goodwill recorded during the period - 3,403 3,403 Balance as of June 30, 2016 $ 217,618 $ 77,283 $ 294,901 The goodwill recorded in the Company’s Insurance Agencies reporting segment during the first six months of 2016 was related to an insurance agency acquired during the second quarter of 2016. The Company’s policy is to assess goodwill for impairment at the reporting segment level on an annual basis or sooner if an event occurs or circumstances change which indicate that the fair value of a reporting segment is below its carrying amount. Impairment is the condition that exists when the carrying amount of goodwill exceeds its implied fair value. Accounting standards require management to estimate the fair value of each reporting segment in assessing impairment at least annually. The Company’s annual assessment date is during the Company’s fourth quarter. No events occurred during the first six months of 2016 that indicated the necessity of an earlier goodwill impairment assessment. In the current economic environment, forecasting cash flows, credit losses and growth in addition to valuing the Company’s assets with any degree of assurance is very difficult and subject to significant changes over very short periods of time. Management will continue to update its analysis as circumstances change. As market conditions continue to be volatile and unpredictable, impairment of goodwill related to the Company’s reporting segments may be necessary in future periods. The following tables present information regarding the components of the Company’s identifiable intangible assets for the dates and periods indicated: As of As of June 30, 2016 December 31, 2015 Gross Carrying Accumulated Gross Carrying Accumulated Amount Amortization Amount Amortization Amortized intangible assets: (In thousands) Core deposit intangibles $ 27,801 $ 23,497 $ 27,801 $ 23,269 Customer relationship intangibles 43,918 28,854 49,639 34,922 Non-solicitation intangibles 1,550 775 1,650 1,042 Total $ 73,269 $ 53,126 $ 79,090 $ 59,233 Unamortized intangible assets: Trade names $ 688 $ - $ 688 $ - Three months ended Six months ended June 30, June 30, 2016 2015 2016 2015 Aggregate amortization expense for: (In thousands) Core deposit intangibles $ 111 $ 153 $ 228 $ 246 Customer relationship intangibles 700 796 1,338 1,622 Non-solicitation intangibles 58 112 183 225 Total $ 869 $ 1,061 $ 1,749 $ 2,093 During the second quarter, customer relationship intangibles of $1.7 million with an amortization period of ten years was recorded as a result of the insurance agency acquisition. Also during the second quarter, non-solicitation intangibles of approximately $350,000 with an amortization period of 3.5 years was recorded as a result of the insurance agency acquisition. The following table presents information regarding estimated amortization expense on the Company’s amortizable identifiable intangible assets for the year ending December 31, 2016 and the succeeding four years: Customer Non- Core Deposit Relationship Solicitation Intangibles Intangibles Intangibles Total Estimated Amortization Expense: (In thousands) For the year ending December 31, 2016 $ 451 $ 2,852 $ 282 $ 3,585 For the year ending December 31, 2017 419 2,669 298 3,386 For the year ending December 31, 2018 390 2,267 281 2,938 For the year ending December 31, 2019 363 1,916 98 2,377 For the year ending December 31, 2020 340 1,511 - 1,851 |
PENSION BENEFITS
PENSION BENEFITS | 6 Months Ended |
Jun. 30, 2016 | |
PENSION BENEFITS [Abstract] | |
PENSION BENEFITS | NOTE 9 – PENSION BENEFITS The following table presents the components of net periodic benefit costs for the periods indicated: Three months ended Six months ended June 30, June 30, 2016 2015 2016 2015 (In thousands) Service cost $ 2,213 $ 2,615 $ 4,426 $ 5,230 Interest cost 2,341 2,588 4,682 5,176 Expected return on assets (2,613) (2,693) (5,226) (5,387) Recognized prior service cost (179) (180) (358) (359) Recognized net loss 1,690 1,976 3,380 3,952 Net periodic benefit costs $ 3,452 $ 4,306 $ 6,904 $ 8,612 |
RECENT PRONOUNCEMENTS
RECENT PRONOUNCEMENTS | 6 Months Ended |
Jun. 30, 2016 | |
RECENT PRONOUNCEMENTS [Abstract] | |
RECENT PRONOUNCEMENTS | NOTE 10 – RECENT PRONOUNCEMENTS In September 2014, the FASB issued an ASU regarding accounting for revenue from contracts with customers. This ASU implements a common revenue standard that clarifies the principles for recognizing revenue. The core principle of ASU 2014-09 is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve that core principle, an entity should apply the following steps: (i)identify the contract(s)with a customer, (ii)identify the performance obligations in the contract, (iii)determine the transaction price, (iv)allocate the transaction price to the performance obligations in the contract and (v) recognize revenue when (or as)the entity satisfies a performance obligation. ASU 2014-09 was originally going to be effective for us on January 1, 2017; however, the FASB recently issued ASU 2015-14, “Revenue from Contracts with Customers (Topic 606)–Deferral of the Effective Date" which deferred the effective date of ASU 2014-09 by one year to January 1, 2018. The Company is currently evaluating the potential impact of ASU 2014-09 on the financial statements. In December 2014, the FASB issued an ASU regarding accounting for share-based payments. This ASU requires entities to apply existing guidance in Topic 718 to any performance target that affects vesting and that could be achieved after the requisite service period to be treated as a performance condition. As such, the performance target should not be reflected in estimating the grant-date fair value of the award. The amendments in this update are effective for interim and annual periods beginning after December 15, 2015. This ASU is not expected to have a material impact on the financial position and results of operations of the Company. In February 2016, the FASB issued an ASU regarding accounting for leases. ASU 2016-02 requires all leases, except short-term leases, to be recognized on the lessee’s balance sheet at commencement date as a lease liability for the obligation of lease payments and a right-of-use asset for the right to use/control a specified asset for the lease term. This ASU is effective for interim and annual periods beginning after December 15, 2018. This ASU is not expected to have a material impact on the financial position and results of operations of the Company. In March 2016, the FASB issued an ASU regarding stock compensation and improvements to employee share-based payment accounting. This ASU changes five aspects of the accounting for share-based payment award transactions including 1) accounting for income taxes; 2) classification of excess tax benefits on the statement of cash flows; 3) forfeitures; 4) minimum statutory tax withholding requirements; 5) classification of employee taxes paid on the statement of cash flows when an employer withholds shares for tax-withholding purposes. This ASU is effective for interim and annual periods beginning after December 15, 2016. The Company is still assessing the e ffect ASU 2016-09 will have on the financial statements. In June 2016, the FASB issued an ASU regarding credit losses on financial instruments. This ASU will provide financial statement users with more information regarding the expected credit losses on financial instruments and other commitments to extend credit at each reporting date rather than the incurred loss impairment method. This ASU is effective for interim and annual periods after December 15, 2019. Th e Company is currently evaluating the potential impact of this ASU on the financial statements. |
SEGMENT REPORTING
SEGMENT REPORTING | 6 Months Ended |
Jun. 30, 2016 | |
SEGMENT REPORTING [Abstract] | |
SEGMENT REPORTING | NOTE 11 - SEGMENT REPORTING The Company is a financial holding company with subsidiaries engaged in the business of banking and activities closely related to banking. The Company determines reportable segments based upon the services offered, the significance of those services to the Company’s financial condition and operating results and management’s regular review of the operating results of those services. The Company’s primary segment is Community Banking, which includes providing a full range of deposit products, commercial loans and consumer loans. The Company has also designated two additional reportable segments -- Insurance Agencies and General Corporate and Other. The Company’s insurance agencies serve as agents in the sale of commercial lines of insurance and full lines of property and casualty, life, health and employee benefits products and services. The General Corporate and Other operating segment includes mortgage lending, trust services, credit card activities, investment services and other activities not allocated to the Community Banking or Insurance Agencies operating segments. Results of operations and selected financial information by operating segment for the three-month and six-month periods ended June 30, 2016 and 2015 were as follows: General Community Insurance Corporate Banking Agencies and Other Total (In thousands) Three months ended June 30, 2016: Results of Operations Net interest revenue $ 102,890 $ 16 $ 9,410 $ 112,316 Provision for credit losses 985 - 1,015 2,000 Net interest revenue after provision for credit losses 101,905 16 8,395 110,316 Noninterest revenue 20,734 28,543 20,406 69,683 Noninterest expense 75,162 24,781 28,775 128,718 Income (loss) before income taxes 47,477 3,778 26 51,281 Income tax expense (benefit) 16,078 1,511 (1,000) 16,589 Net income (loss) $ 31,399 $ 2,267 $ 1,026 $ 34,692 Selected Financial Information Total assets at end of period $ 10,271,318 $ 219,280 $ 3,646,562 $ 14,137,160 Depreciation and amortization 5,280 1,034 $ 855 7,169 Three months ended June 30, 2015: Results of Operations Net interest revenue $ 97,679 $ 35 $ 9,595 $ 107,309 Provision for credit losses (5,831) - 831 (5,000) Net interest revenue after provision for credit losses 103,510 35 8,764 112,309 Noninterest revenue 20,224 29,280 24,810 74,314 Noninterest expense 74,749 25,296 28,132 128,177 Income before income taxes 48,985 4,019 5,442 58,446 Income tax expense 16,295 1,609 829 18,733 Net income $ 32,690 $ 2,410 $ 4,613 $ 39,713 Selected Financial Information Total assets at end of period $ 9,868,018 $ 211,142 $ 3,555,771 $ 13,634,931 Depreciation and amortization 5,577 1,232 940 7,749 General Community Insurance Corporate Banking Agencies and Other Total (In thousands) Six months ended June 30, 2016 Results of Operations Net interest revenue $ 204,351 $ 35 $ 19,089 $ 223,475 Provision for credit losses 2,104 - 896 3,000 Net interest revenue after provision for credit losses 202,247 35 18,193 220,475 Noninterest revenue 41,043 61,908 32,247 135,198 Noninterest expense 164,203 50,263 56,552 271,018 Income before income taxes 79,087 11,680 (6,112) 84,655 Income tax expense 26,956 4,651 (4,193) 27,414 Net income $ 52,131 $ 7,029 $ (1,919) $ 57,241 Selected Financial Information Total assets at end of period $ 10,271,318 $ 219,280 3,646,562 $ 14,137,160 Depreciation and amortization 10,542 2,094 1,719 14,355 Six months ended June 30, 2015 Results of Operations Net interest revenue $ 194,518 $ 67 18,797 $ 213,382 Provision for credit losses (9,798) - (202) (10,000) Net interest revenue after provision for credit losses 204,316 67 18,999 223,382 Noninterest revenue 40,617 62,478 44,534 147,629 Noninterest expense 159,211 50,612 55,287 265,110 Income before income taxes 85,722 11,933 8,246 105,901 Income tax expense (benefit) 27,904 4,755 1,263 33,922 Net income $ 57,818 $ 7,178 $ 6,983 $ 71,979 Selected Financial Information Total assets at end of period $ 9,868,018 $ 211,142 $ 3,555,771 $ 13,634,931 Depreciation and amortization 11,089 2,497 1,918 15,504 The change in income for the General Corporate and Other division for the three months and six months ended June 30, 2016 compared to the same periods in 2015 is mainly due to a change in mortgage banking revenue. |
MORTGAGE SERVICING RIGHTS
MORTGAGE SERVICING RIGHTS | 6 Months Ended |
Jun. 30, 2016 | |
MORTGAGE SERVICING RIGHTS [Abstract] | |
MORTGAGE SERVICING RIGHTS | NOTE 12 – MORTGAGE SERVICING RIGHTS Mortgage servicing rights (“MSRs”), which are recognized as a separate asset on the date the corresponding mortgage loan is sold on a servicing retained basis , are recorded at fair value as determined at each accounting period end. An estimate of the fair value of the Company’s MSRs is determined utilizing assumptions about factors such as mortgage interest rates, discount rates, mortgage loan prepayment speeds, market trends and industry demand. Data and assumptions used in the fair value calculation related to MSRs as of the dates indicated were as follows: June 30, December 31, 2016 2015 2015 (Dollars in thousands) Unpaid principal balance $6,153,754 $5,802,407 $6,011,236 Weighted-average prepayment speed (CPR) 13.5 10.0 10.3 Discount rate (annual percentage) 9.8 9.8 9.8 Weighted-average coupon interest rate (percentage) 4.0 4.1 4.0 Weighted-average remaining maturity (months) 321.0 316.0 319.0 Weighted-average servicing fee (basis points) 26.7 26.6 26.6 Because the valuation is determined by using discounted cash flow models, the primary risk inherent in valuing the MSRs is the impact of fluctuating interest rates on the estimated life of the servicing revenue stream. The use of different estimates or assumptions could also produce different fair values. As of June 30, 2016, the Company had a hedge in place designed to cover approximately 3% of the MSR. The Company is susceptible to fluctuations in their value of its MSRs in changing interest rate environments. The Company has only one class of mortgage servicing asset comprised of closed end loans for one-to-four family residences, secured by first liens. The following table presents the activity in this class for the periods indicated: 2016 2015 (In thousands) Fair value as of January 1 $ 57,268 $ 51,296 Additions: Origination of servicing assets 6,335 6,843 Changes in fair value: Due to payoffs/paydowns (3,446) (3,494) Due to change in valuation inputs or assumptions used in the valuation model (12,046) 1,282 Other changes in fair value (3) (3) Fair value as of June 30 $ 48,108 $ 55,924 All of the changes to the fair value of the MSRs are recorded as part of mortgage banking noninterest revenue on the consolidated statements of income . As part of mortgage banking noninterest revenue, the Company recorded contractual servicing fees of $4.2 million and $4.0 million and late and other ancillary fees of approximately $483,000 and $314,000 for the three months ended June 30, 2016 and 2015, respectively. The Company recorded contractual servicing fees of $8.2 million and $7.8 million and late and other ancillary fees of $1.2 million and approximately $662,000 for the six months ended June 30, 2016 and 2015, respectively. |
DERIVATIVE INSTRUMENTS AND OFFS
DERIVATIVE INSTRUMENTS AND OFFSETTING ASSETS AND LIABILITIES | 6 Months Ended |
Jun. 30, 2016 | |
DERIVATIVE INSTRUMENTS AND OFFSETTING ASSETS AND LIABILITIES [Abstract] | |
DERIVATIVE INSTRUMENTS AND OFFSETTING ASSETS AND LIABILITIES | NOTE 13 – DERIVATIVE INSTRUMENTS AND OFFSETTING ASSETS AND LIABILITIES The derivatives held by the Company include commitments to fund fixed-rate mortgage loans to customers and forward commitments to sell individual fixed-rate mortgage loans. The Company’s objective in obtaining the forward commitments is to mitigate the interest rate risk associated with the commitments to fund the fixed-rate mortgage loans. Both the commitments to fund fixed-rate mortgage loans and the forward commitments to sell individual fixed-rate mortgage loans are reported at fair value, with adjustments being recorded in current period earnings, and are not accounted for as hedges. At June 30, 2016, the notional amount of forward commitments to sell individual fixed-rate mortgage loans was $314.7 million with a carrying value and fair value reflecting a loss of $3.6 million. At June 30, 2015, the notional amount of forward commitments to sell individual fixed-rate mortgage loans was $280.8 million with a carrying value and fair value reflecting a gain of $2.2 million. At June 30, 2016, the notional amount of commitments to fund individual fixed-rate mortgage loans was $253.0 million with a carrying value and fair value reflecting a gain of $8.8 million. At June 30, 2015, the notional amount of commitments to fund individual fixed-rate mortgage loans was $184.9 million with a carrying value and fair value reflecting a gain of $4.5 million. The Company also enters into derivative financial instruments in the form of interest rate swaps to meet the financing, interest rate and equity risk management needs of its customers. Upon entering into these interest rate swaps to meet customer needs, the Company enters into offsetting positions to minimize interest rate and equity risk to the Company. These derivative financial instruments are reported at fair value with any resulting gain or loss recorded in current period earnings. These instruments and their offsetting positions are recorded in other assets and other liabilities on the consolidated balance sheets. As of June 30, 2016, the notional amount of customer related derivative financial instruments was $236.8 million with an average maturity of 37 months, an average interest receive rate of 2.7% and an average interest pay rate of 5.6% . As of June 30, 2015, the notional amount of customer related derivative financial instruments was $288.7 million with an average maturity of 44 months, an average interest receive rate of 2.5% and an average interest pay rate of 5.6% . Additionally, the Bank utilizes securities sold under agreements to repurchase to facilitate the needs of our customers and to facilitate secured short-term funding needs. Securities sold under agreements to repurchase are stated at the amount of cash received in connection with the transaction. The Bank monitors collateral levels on a continuous basis and may be required to provide additional collateral based on the fair value of the underlying securities . Certain financial instruments such as derivatives, may be eligible for offset in the consolidated balance sheet and/or subject to master netting arrangements or similar agreements. The Bank’s derivative transactions with upstream financial institution counterparties are generally executed under International Swaps and Derivative Association master agreements which include “right of set-off” provisions. In such cases there is generally a legally enforceable right to offset recognized amounts and there may be an intention to settle such amounts on a net basis. Nonetheless, the Bank does not generally offset such financial instruments for financial reporting purposes. The following tables present components of financial instruments eligible for offsetting for the periods indicated: June 30, 2016 Gross Amounts Not Offset in the Consolidated Balance Sheet Financial Gross Amount Gross Amount Net Amount Financial Collateral Net Recognized Offset Recognized Instruments Pledged Amount (In thousands) Financial assets: Derivatives: Forward commitments $ 8,840 $ - $ 8,840 $ - $ - $ 8,840 Loan/lease interest rate swaps 16,612 - 16,612 - - 16,612 Total financial assets $ 25,452 $ - $ 25,452 $ - $ - $ 25,452 . Financial liabilities: Derivatives: Forward commitments $ 3,569 $ - $ 3,569 $ - $ - $ 3,569 Loan/lease interest rate swaps 16,854 - 16,854 - (16,854) - Repurchase arrangements 415,949 - 415,949 (415,949) - - Total financial liabilities $ 436,372 $ - $ 436,372 $ (415,949) $ (16,854) $ 3,569 December 31, 2015 Gross Amounts Not Offset in the Consolidated Balance Sheet Financial Gross Amount Gross Amount Net Amount Financial Collateral Net Recognized Offset Recognized Instruments Pledged Amount (In thousands) Financial assets: Derivatives: Forward commitments $ 3,894 $ - $ 3,894 $ - $ - $ 3,894 Loan/lease interest rate swaps 15,614 - 15,614 - - 15,614 Total financial assets $ 19,508 $ - $ 19,508 $ - $ - $ 19,508 Financial liabilities: Derivatives: Forward commitments $ 395 $ - $ 395 $ - $ - $ 395 Loan/lease interest rate swaps 15,856 - 15,856 - (15,856) - Repurchase arrangements 405,937 - 405,937 (405,937) - - Total financial liabilities $ 422,188 $ - $ 422,188 $ (405,937) $ (15,856) $ 395 June 30, 2015 Gross Amounts Not Offset in the Consolidated Balance Sheet Financial Gross Amount Gross Amount Net Amount Financial Collateral Net Recognized Offset Recognized Instruments Pledged Amount (In thousands) Financial assets: Derivatives: Forward commitments $ 7,013 $ - $ 7,013 $ - $ - $ 7,013 Loan/lease interest rate swaps 18,294 - 18,294 - - 18,294 Total financial assets $ 25,307 $ - $ 25,307 $ - $ - $ 25,307 Financial liabilities: Derivatives: Forward commitments $ 304 $ - $ 304 $ - $ - $ 304 Loan/lease interest rate swaps 18,565 - 18,565 - (18,565) - Repurchase arrangements 375,980 - 375,980 (375,980) - - Total financial liabilities $ 394,849 $ - $ 394,849 $ (375,980) $ (18,565) $ 304 |
FAIR VALUE DISCLOSURES
FAIR VALUE DISCLOSURES | 6 Months Ended |
Jun. 30, 2016 | |
FAIR VALUE DISCLOSURES [Abstract] | |
FAIR VALUE DISCLOSURES | NOTE 14 – FAIR VALUE DISCLOSURES “Fair value” is defined by FASB ASC 820, Fair Value Measurements (“FASB ASC 820”), as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. FASB ASC 820 establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that observable inputs be used when available. Observable inputs are inputs that market participants would use in pricing the asset or liability developed based on market data obtained from sources independent of the reporting entity. Unobservable inputs are inputs that reflect the reporting entity’s assumptions about the assumptions that market participants would use in pricing the asset or liability developed based on the best information available under the circumstances. The hierarchy is broken down into the following three levels, based on the reliability of inputs: Level 1: Unadjusted quoted prices in active markets for identical assets or liabilities that are accessible at the measurement date. Level 2: Significant other observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active or other inputs that are observable or can be corroborated by observable market data. Level 3: Significant unobservable inputs for the asset or liability that reflect the reporting entity’s own assumptions about the assumptions that market participants would use in pricing the asset or liability. Determination of Fair Value The Company uses the valuation methodologies listed below to measure different financial instruments at fair value. An indication of the level in the fair value hierarchy in which each instrument is generally classified is included. Where appropriate, the description includes details of the valuation models, the key inputs to those models as well as any significant assumptions. Available-for-sale securities. Available-for-sale securities are recorded at fair value on a recurring basis. Fair value measurement is based upon quoted prices, if available. If quoted prices are not available, fair values are determined by matrix pricing, which is a mathematical technique widely used in the industry to value debt securities without relying exclusively on quoted prices for the specific securities but rather by relying on the securities’ relationship to other benchmark quoted securities. The Company’s available-for-sale securities that are traded on an active exchange, such as the New York Stock Exchange, are classified as Level 1. Available-for-sale securities valued using matrix pricing are classified as Level 2. Available-for-sale securities valued using matrix pricing that has been adjusted to compensate for the present value of expected cash flows, market liquidity, credit quality and volatility are classified as Level 3. Mortgage servicing rights. The Company records MSRs at fair value on a recurring basis with subsequent remeasurement of MSRs based on change in fair value. An estimate of the fair value of the Company’s MSRs is determined by utilizing assumptions about factors such as mortgage interest rates, discount rates, mortgage loan prepayment speeds, market trends and industry demand. All of the Company’s MSRs are classified as Level 3. For additional information about the Company’s valuation of MSRs, see Note 12, Mortgage Servicing Rights. Derivative instruments. The Company’s derivative instruments consist of commitments to fund fixed-rate mortgage loans to customers and forward commitments to sell individual fixed-rate mortgage loans. Fair value of these derivative instruments is measured on a recurring basis using recent observable market prices. The Company also enters into interest rate swaps to meet the financing, interest rate and equity risk management needs of its customers. The fair value of these instruments is either an observable market price or a discounted cash flow valuation using the terms of swap agreements but substituting original interest rates with prevailing interest rates ranging from 1.82% to 4.01% . The Company also considers the associated counterparty credit risk when determining the fair value of these instruments. The Company’s interest rate swaps, commitments to fund fixed-rate mortgage loans to customers and forward commitments to sell individual fixed-rate mortgage loans are classified as Level 3. Loans held for sale. Loans held for sale are carried at fair value. The fair value of loans held for sale is based on commitments outstanding from investors as well as what secondary markets are currently offering for portfolios with similar characteristics. Therefore, loans held for sale are subjected to recurring fair value adjustments and are classified as Level 2. The Company obtains quotes, bids or pricing indications on all or part of these loans directly from the buyers. Premiums and discounts received or to be received on the quotes, bids or pricing indications are indicative of the fact that the cost is lower or higher than fair value. Impaired loans. Loans considered impaired under FASB ASC 310 are loans for which, based on current information and events, it is probable that the creditor will be unable to collect all amounts due according to the contractual terms of the loan agreement. Impaired loans are subject to nonrecurring fair value adjustments to reflect (1) partial write-downs that are based on the observable market price or current appraised value of the collateral, or (2) the full charge-off of the loan carrying value. All of the Company’s impaired loans are classified as Level 3. Other real estate owned. OREO is carried at the lower of cost or estimated fair value, less estimated selling costs and is subject to nonrecurring fair value adjustments. Estimated fair value is determined on the basis of independent appraisals and other relevant factors less an average of 7% for estimated selling costs. All of the Company’s OREO is classified as Level 3. Off-Balance sheet financial instruments. The fair value of commitments to extend credit and standby letters of credit is estimated using the fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreement and the present creditworthiness of the counterparties. The Company has reviewed the unfunded portion of commitments to extend credit as well as standby and other letters of credit, and has determined that the fair value of such financial instruments is not material. The Company classifies the estimated fair value of credit-related financial instruments as Level 3. Assets and Liabilities Recorded at Fair Value on a Recurring Basis The following tables present the balances of the assets and liabilities measured at fair value on a recurring basis as of June 30, 2016 and 2015: June 30, 2016 Level 1 Level 2 Level 3 Total Assets: (In thousands) Available-for-sale securities: U.S. Government agencies $ - $ 1,310,803 $ - $ 1,310,803 Government agency issued residential mortgage-backed securities - 180,178 - 180,178 Government agency issued commercial mortgage-backed securities - 193,475 - 193,475 Obligations of states and political subdivisions - 399,391 - 399,391 Other 795 19,241 - 20,036 Mortgage servicing rights - - 48,108 48,108 Derivative instruments - - 25,452 25,452 Loans held for sale - 210,698 - 210,698 Total $ 795 $ 2,313,786 $ 73,560 $ 2,388,141 Liabilities: Derivative instruments $ - $ - $ 20,423 $ 20,423 June 30, 2015 Level 1 Level 2 Level 3 Total Assets: (In thousands) Available-for-sale securities: U.S. Government agencies $ - $ 1,336,846 $ - $ 1,336,846 Government agency issued residential mortgage-backed securities - 217,191 - 217,191 Government agency issued commercial mortgage-backed securities - 224,450 - 224,450 Obligations of states and political subdivisions - 458,322 - 458,322 Other 1,160 13,184 - 14,344 Mortgage servicing rights - - 55,924 55,924 Derivative instruments - - 25,307 25,307 Loans held for sale - 199,370 - 199,370 Total $ 1,160 $ 2,449,363 $ 81,231 $ 2,531,754 Liabilities: Derivative instruments $ - $ - $ 18,869 $ 18,869 The following tables present the changes in Level 3 assets and liabilities measured at fair value on a recurring basis for the six-month periods ended June 30, 2016 and 2015: Mortgage Servicing Derivative Rights Instruments (In thousands) Balance at December 31, 2015 $ 57,268 $ 3,257 Year to date net gains included in: Net (loss) gain (15,495) 1,772 Other comprehensive income - - Additions 6,335 - Transfers in and/or out of Level 3 - - Balance at June 30, 2016 $ 48,108 $ 5,029 Net unrealized (losses) gains included in net income for the quarter relating to Level 3 assets and liabilities at June 30, 2016 $ (4,092) $ 639 Mortgage Servicing Derivative Rights Instruments (In thousands) Balance at December 31, 2014 $ 51,296 $ 623 Year to date net gains included in: Net (loss) gain (2,215) 5,815 Other comprehensive income - - Additions 6,843 - Transfers in and/or out of Level 3 - - Balance at June 30, 2015 $ 55,924 $ 6,438 Net unrealized gains included in net income for the quarter relating to Level 3 assets and liabilities at June 30, 2015 $ 4,321 $ 3,017 Assets and Liabilities Recorded at Fair Value on a Nonrecurring Basis The following tables present the balances of assets and liabilities measured at fair value on a nonrecurring basis as of June 30, 2016 and 2015: June 30, 2016 Six Months Ended June 30, 2016 Level 1 Level 2 Level 3 Total Net losses Assets: (In thousands) Impaired loans $ - $ - $ 40,236 $ 40,236 $ (1,380) Other real estate owned - - 14,658 14,658 (1,168) June 30, 2015 Six Months Ended June 30, 2015 Level 1 Level 2 Level 3 Total Net losses Assets: (In thousands) Impaired loans $ - $ - $ 35,113 $ 35,113 $ (3,454) Other real estate owned - - 24,299 24,299 (3,198) Fair Value of Financial Instruments FASB ASC 825, Financial Instruments (“FASB ASC 825”), requires that the Company disclose estimated fair values for its financial instruments. Fair value estimates, methods and assumptions are set forth below for the Company's financial instruments. Cash and Due From Banks. The carrying amounts for cash and due from banks approximate fair values due to their immediate and shorter-term maturities. Loans and Leases. Fair values are estimated for portfolios of loans and leases with similar financial characteristics. The fair value of loans and leases is calculated by discounting scheduled cash flows through the estimated maturity using rates the Company would currently offer customers based on the credit and interest rate risk inherent in the loan or lease. Assumptions regarding credit risk, cash flows and discount rates are judgmentally determined using available market and borrower information. Estimated maturity represents the expected average cash flow period, which in some instances is different than the stated maturity. This entrance price approach results in a calculated fair value that would be different than an exit or estimated actual sales price approach and such differences could be significant. All of the Company’s loans and leases are classified as Level 3. Deposit Liabilities . Under FASB ASC 825, the fair value of deposits with no stated maturity, such as noninterest bearing demand deposits, interest bearing demand deposits and savings, is equal to the amount payable on demand as of the reporting date. The fair value of certificates of deposit is based on the discounted value of contractual cash flows. The discount rate is estimated using the prevailing rates offered for deposits of similar maturities. The Company’s noninterest bearing demand deposits, interest bearing demand deposits and savings are classified as Level 1. Certificates of deposit are classified as Level 2. Debt . The carrying amounts for federal funds purchased and repurchase agreements approximate fair value because of their short-term maturity. The fair value of the Company’s fixed-term Federal Home Loan Bank (“FHLB”) advances is based on the discounted value of contractual cash flows. The discount rate is estimated using the prevailing rates available for advances of similar maturities. The fair value of the Company’s long-term borrowings with U.S. Bank is based on the LIBOR rates plus an interest rate spread. The fair value of the Company’s junior subordinated debt is based on market prices or dealer quotes. The Company’s federal funds purchased, repurchase agreements and junior subordinated debt are classified as Level 1. FHLB and U.S. Bank advances are classified as Level 2. Lending Commitments. The Company’s lending commitments are negotiated at prevailing market rates and are relatively short-term in nature. As a matter of policy, the Company generally makes commitments for fixed-rate loans for relatively short periods of time. Therefore, the estimated value of the Company’s lending commitments approximates the carrying amount and is immaterial to the financial statements. The Company’s lending commitments are classified as Level 2. The Company’s off-balance sheet commitments including letters of credit, which totaled $95.7 million at June 30, 2016, are funded at current market rates at the date they are drawn upon. It is management’s opinion that the fair value of these commitments would approximate their carrying value, if drawn upon. The following table presents carrying and fair value information of financial instruments at June 30, 2016 and December 31, 2015: June 30, 2016 December 31, 2015 Carrying Fair Carrying Fair Value Value Value Value Assets: (In thousands) Cash and due from banks $ 186,381 $ 186,381 $ 154,192 $ 154,192 Interest bearing deposits with other banks 86,472 86,472 43,777 43,777 Available-for-sale securities 2,103,883 2,103,883 2,082,329 2,082,329 Net loans and leases 10,449,043 10,600,855 10,246,320 10,331,043 Loans held for sale 210,698 210,698 157,907 157,907 Liabilities: Noninterest bearing deposits 3,133,460 3,133,460 3,031,528 3,031,528 Savings and interest bearing deposits 6,351,398 6,351,398 6,446,142 6,446,142 Other time deposits 1,879,509 1,895,455 1,853,491 1,867,034 Federal funds purchased and securities sold under agreement to repurchase and other short-term borrowings 415,949 415,357 467,946 467,263 Long-term debt and other borrowings 388,786 398,262 92,973 98,502 Derivative instruments: Forward commitments to sell fixed rate mortgage loans (3,569) (3,569) 109 109 Commitments to fund fixed rate mortgage loans 8,840 8,840 3,390 3,390 Interest rate swap position to receive 16,612 16,612 15,614 15,614 Interest rate swap position to pay (16,854) (16,854) (15,856) (15,856) |
OTHER NONINTEREST REVENUE AND E
OTHER NONINTEREST REVENUE AND EXPENSE | 6 Months Ended |
Jun. 30, 2016 | |
OTHER NONINTEREST REVENUE AND EXPENSE [Abstract] | |
OTHER NONINTEREST REVENUE AND EXPENSE | NOTE 15 – OTHER NONINTEREST REVENUE AND EXPENSE The following table details other noninterest revenue for the three months and six months ended June 30, 2016 and 2015: Three months ended Six months ended June 30, June 30, 2016 2015 2016 2015 (In thousands) Bank-owned life insurance $ 1,813 $ 1,835 $ 3,706 $ 3,734 Other miscellaneous income 4,078 2,684 6,747 6,025 Total other noninterest income $ 5,891 $ 4,519 $ 10,453 $ 9,759 The following table details other noninterest expense for the three months and six months ended June 30, 2016 and 2015: Three months ended Six months ended June 30, June 30, 2016 2015 2016 2015 (In thousands) Advertising $ 1,043 $ 1,686 $ 1,676 $ 2,467 Foreclosed property expense 1,309 1,625 2,490 3,596 Telecommunications 1,259 1,323 2,554 2,637 Public relations 599 794 1,260 1,479 Data processing 6,685 5,898 13,076 11,900 Computer software 2,732 2,690 5,392 5,296 Amortization of intangibles 869 1,061 1,749 2,093 Legal fees 1,754 1,998 6,289 9,679 Merger expense 1 4 2 4 Postage and shipping 985 1,194 2,102 2,366 Other miscellaneous expense 13,664 13,325 27,540 29,356 Total other noninterest expense $ 30,900 $ 31,598 $ 64,130 $ 70,873 |
COMMITMENTS AND CONTINGENT LIAB
COMMITMENTS AND CONTINGENT LIABILITIES | 6 Months Ended |
Jun. 30, 2016 | |
COMMITMENTS AND CONTINGENT LIABILITIES [Abstract] | |
COMMITMENTS AND CONTINGENT LIABILITIES | NOTE 16 – COMMITMENTS AND CONTINGENT LIABILITIES The nature of the Company’s business ordinarily results in a certain amount of claims, litigation, investigations and legal and administrative cases and proceedings. Although the Company and its subsidiaries have developed policies and procedures to minimize the impact of legal noncompliance and other disputes, and endeavored to provide reasonable insurance coverage, litigation and regulatory actions present an ongoing risk. The Company and its subsidiaries are engaged in lines of business that are heavily regulated and involve a large volume of financial transactions and potential transactions with numerous customers or applicants, and the Company is a public company with a large number of shareholders. From time to time, borrowers, customers, shareholders, former employees and other third parties have brought actions against the Company or its subsidiaries, in some cases claiming substantial damages. Financial services companies are subject to the risk of class action litigation and, from time to time, the Company and its subsidiaries are subject to such actions brought against it. Additionally, the Bank is, and management expects it to be, engaged in a number of foreclosure proceedings and other collection actions as part of its lending and leasing collections activities, which, from time to time, have resulted in counterclaims against the Bank. Various legal proceedings have arisen and may arise in the future out of claims against entities to which the Company is a successor as a result of business combinations. The Company and its subsidiaries may also be subject to enforcement actions by federal or state regulators, including the Securities and Exchange Commission, the Federal Reserve, the FDIC, the Consumer Financial Protection Bureau (the “CFPB”), the Department of Justice (the “DOJ”), state attorneys general and the Mississippi Department of Banking and Consumer Finance. When and as the Company determines it has meritorious defenses to the claims asserted, it vigorously defends against such claims. The Company will consider settlement of claims when, in management’s judgment and in consultation with counsel, it is in the best interests of the Company to do so. The Company cannot predict with certainty the cost of defense, the cost of prosecution or the ultimate outcome of litigation and other proceedings filed by or against it, its directors, management or employees, including remedies or damage awards. On at least a quarterly basis, the Company assesses its liabilities and contingencies in connection with outstanding legal proceedings as well as certain threatened claims (which are not considered incidental to the ordinary conduct of the Company’s business) utilizing the latest and most reliable information available. For matters where a loss is not probable or the amount of the loss cannot be estimated, no accrual is established. For matters where it is probable the Company will incur a loss and the amount can be reasonably estimated, the Company establishes an accrual for the loss. Once established, the accrual is adjusted periodically to reflect any relevant developments. The actual cost of any outstanding legal proceedings and the potential loss , however, may turn out to be substantially higher than the amount accrued. Further, the Company’s insurance has deductibles and will likely not cover all such litigation, other proceedings or claims, or the costs of defense. While the final outcome of any legal proceedings is inherently uncertain, based on the information available, advice of counsel and available insurance coverage, if applicable, management believes that the litigation-related expense of $8.5 million accrued as of June 30, 2016, which excludes amounts reserved for regulatory settlement expenses discussed below, is adequate and that any incremental liability arising from the Company’s legal proceedings and threatened claims, including the matters described herein and those otherwise arising in the ordinary course of business, will not have a material adverse effect on the Company's business or consolidated financial condition. It is possible, however, that future developments could result in an unfavorable outcome for or resolution of any one or more of the lawsuits in which the Company or its subsidiaries are defendants, which may be material to the Company’s results of operations for a particular fiscal period or periods. On January 5, 2016, the Bank entered into an agreement to settle a class action lawsuit filed on May 18, 2010 by an Arkansas customer of the Bank in the U.S. District Court for the Northern District of Florida. The suit challenged the manner in which overdraft fees were charged and the policies related to the posting order of debit card and ATM transactions. The suit also made a claim under Arkansas’ consumer protection statute. The plaintiff was seeking to recover damages in an unspecified amount and equitable relief. As a result of this agreement, the Company recorded an expense of $16.5 million in the fourth quarter of 2015, representing amounts to be paid in connection with the settlement , net of amounts the Company had already accrued for this legal proceeding in previous periods. The settlement was approved by the court on July 15, 2016. Pursuant to the Court's order preliminarily approving the settlement, in the first quarter of 2016 the amounts accrued for settlement were paid into settlement escrow funds. On August 16, 2011, a shareholder filed a putative derivative action purportedly on behalf of the Company in the Circuit Court of Lee County, Mississippi, against certain current and past executive officers and members of the Board of Directors of the Company. The plaintiff in this shareholder derivative lawsuit asserted that the individual defendants violated their fiduciary duties by allegedly issuing materially false and misleading statements regarding the Company’s business and financial results. The plaintiff was seeking to recover alleged damages in an unspecified amount, equitable and/or injunctive relief, and attorneys’ fees. A motion to dismiss filed by the defendants was granted by the Court on January 5, 2015, and the plaintiff filed a notice of appeal of that decision on February 2, 2015. On April 14, 2016, the Mississippi Supreme Court upheld the lower Court’s dismissal of the case against the Company, and the period for petitioning for a rehearing by the Mississippi Supreme Court has elapsed. On July 31, 2014, the Company and its Chief Executive Officer and Chief Financial Officer were named in a purported class-action lawsuit filed in the U.S. District Court for the Middle District of Tennessee on behalf of certain purchasers of the Company’s common stock. The complaint has subsequently been amended to add the former President and Chief Operating Officer. The complaint alleges that the defendants made misleading statements concerning the Company’s expectation that it would be able to close two merger transactions within a specified time period and the Company’s compliance with certain Bank Secrecy Act and anti-money laundering requirements. On July 10, 2015, the court granted in part and denied in part the defendants’ motion to dismiss and dismissed the claims concerning the Company’s expectations about the closing of the mergers . Class certification was granted on April 21, 2016, and a petition for immediate appeal of the class certification has been filed and is pending. The plaintiff seeks an unspecified amount of damages and awards of costs and attorneys’ fees and such other equitable relief as the Court may deem just and proper. At this stage of the lawsuit, management cannot determine the probability of an unfavorable outcome to the Company as it is uncertain whether class certification will be upheld and the exact amount of damages (should the class remain certified) is uncertain. Although it is not possible to predict the ultimate resolution or financial liability with respect to the litigation, management is currently of the opinion that the outcome of this lawsuit will not have a material adverse effect on the Company’s business, consolidated financial position or results of operations. On June 29, 2016, the Bank, the CFPB and the DOJ agreed to a settlement set forth in a consent order (the “Consent Order”) related to the joint investigation by the CFPB and the DOJ of the Bank’s fair lending program during the period between January 1, 2011 and December 31, 2013. The Consent Order was signed by the United States District Court for the Northern District of Mississippi (the “District Court”) on July 25, 2016. In the first quarter of 2016, the Bank reserved $13.8 million to cover costs related to this matter, $10.3 million of which was reflected as regulatory settlement expense and $3.5 million of which was included in other noninterest expense. The settlement of this matter did not have a material financial impact on second quarter 2016 financial results. For additional information regarding the terms of this settlement and the Consent Order, see the signed Consent Order and the Company’s Current Report on Form 8-K filed on June 29, 2016. |
LONG-TERM DEBT
LONG-TERM DEBT | 6 Months Ended |
Jun. 30, 2016 | |
LONG-TERM DEBT [Abstract] | |
LONG-TERM DEBT | NOTE 17 – LONG-TERM DEBT On August 8, 2013, the Company entered into a Credit Agreement with U.S. Bank National Association (“U.S. Bank”) as a lender and administrative agent, and First Tennessee Bank, National Association, as a lender. The Credit Agreement includes an unsecured revolving loan of up to $25.0 million that terminated and the outstanding balance of which was payable in full on August 8, 2015 , which the Bank did not renew, and an unsecured multi-draw term loan of up to $60.0 million, which commitment terminated on February 28, 2014 and the outstanding balance of which is payable in full on August 8, 2018 . The proceeds from the term loan were used to repurchase trust preferred securities. Borrowings under the Credit Agreement bear interest at a Eurocurrency or base rate plus, in each case, an applicable interest rate margin. The Company had long-term borrowings from U.S. Bank pursuant to the Credit Agreement totaling $35.6 million at June 30, 2016 and $39.8 million at December 31, 2015. The Company also had long-term borrowings from FHLB of $330.0 million at June 30, 2016 and $30.0 million at December 31, 2015. |
LOANS AND LEASES (Tables)
LOANS AND LEASES (Tables) | 6 Months Ended |
Jun. 30, 2016 | |
LOANS AND LEASES [Abstract] | |
Gross Loans And Leases By Segment And Class | June 30, December 31, 2016 2015 2015 (In thousands) Commercial and industrial $ 1,701,848 $ 1,735,444 $ 1,752,273 Real estate Consumer mortgages 2,549,989 2,374,122 2,472,202 Home equity 614,686 558,460 589,752 Agricultural 251,566 239,884 259,360 Commercial and industrial-owner occupied 1,644,618 1,596,244 1,617,429 Construction, acquisition and development 1,021,218 860,407 945,045 Commercial real estate 2,254,653 2,081,394 2,188,048 Credit cards 108,101 110,552 112,165 All other 457,868 484,948 468,052 Gross loans and leases (1) 10,604,547 10,041,455 10,404,326 Less: Unearned income 28,569 33,884 31,548 Net loans and leases $ 10,575,978 $ 10,007,571 $ 10,372,778 |
Loans And Leases, Net Of Unearned Income By Segment, Class And Geographical Location | Alabama and Florida Panhandle Arkansas Louisiana Mississippi Missouri Tennessee Texas Other Total (In thousands) Commercial and industrial $ 146,268 $ 198,348 $ 196,156 $ 680,183 $ 93,190 $ 117,291 $ 221,574 $ 45,079 $ 1,698,089 Real estate Consumer mortgages 318,323 326,634 225,181 815,895 80,713 286,004 472,988 24,251 2,549,989 Home equity 93,400 43,484 67,923 226,158 23,427 145,122 13,701 1,471 614,686 Agricultural 7,684 79,186 27,600 67,078 3,571 13,942 52,505 - 251,566 Commercial and industrial-owner occupied 199,074 174,811 198,307 668,400 49,294 140,535 214,197 - 1,644,618 Construction, acquisition and development 121,768 102,732 55,618 322,841 22,212 148,243 247,804 - 1,021,218 Commercial real estate 346,711 359,930 227,451 613,773 198,254 176,006 330,778 1,750 2,254,653 Credit cards - - - - - - - 108,101 108,101 All other 71,387 47,848 29,070 172,686 4,189 34,789 53,328 19,761 433,058 Total $ 1,304,615 $ 1,332,973 $ 1,027,306 $ 3,567,014 $ 474,850 $ 1,061,932 $ 1,606,875 $ 200,413 $ 10,575,978 |
Aging Of Loan And Lease Portfolio, Net Of Unearned Income, By Segment And Class | June 30, 2016 90+ Days 30-59 Days 60-89 Days 90+ Days Total Total Past Due still Past Due Past Due Past Due Past Due Current Outstanding Accruing (In thousands) Commercial and industrial $ 5,563 $ 400 $ 5,647 $ 11,610 $ 1,686,479 $ 1,698,089 $ 82 Real estate Consumer mortgages 14,287 4,648 11,405 30,340 2,519,649 2,549,989 1,502 Home equity 2,290 1,047 1,525 4,862 609,824 614,686 - Agricultural 201 176 194 571 250,995 251,566 - Commercial and industrial-owner occupied 3,952 336 8,532 12,820 1,631,798 1,644,618 - Construction, acquisition and development 1,027 266 780 2,073 1,019,145 1,021,218 - Commercial real estate 3,469 307 1,462 5,238 2,249,415 2,254,653 - Credit cards 471 229 354 1,054 107,047 108,101 291 All other 672 67 222 961 432,097 433,058 - Total $ 31,932 $ 7,476 $ 30,121 $ 69,529 $ 10,506,449 $ 10,575,978 $ 1,875 December 31, 2015 90+ Days 30-59 Days 60-89 Days 90+ Days Total Total Past Due still Past Due Past Due Past Due Past Due Current Outstanding Accruing (In thousands) Commercial and industrial $ 2,038 $ 817 $ 4,731 $ 7,586 $ 1,740,188 $ 1,747,774 $ 60 Real estate Consumer mortgages 13,827 4,692 13,604 32,123 2,440,079 2,472,202 1,655 Home equity 2,589 268 1,896 4,753 584,999 589,752 - Agricultural 176 139 - 315 259,045 259,360 - Commercial and industrial-owner occupied 1,189 3,105 4,034 8,328 1,609,101 1,617,429 - Construction, acquisition and development 1,017 207 2,409 3,633 941,412 945,045 - Commercial real estate 2,840 187 6,286 9,313 2,178,735 2,188,048 - Credit cards 420 343 323 1,086 111,079 112,165 298 All other 628 262 105 995 440,008 441,003 - Total $ 24,724 $ 10,020 $ 33,388 $ 68,132 $ 10,304,646 $ 10,372,778 $ 2,013 |
Loan And Lease Portfolio, Net Of Unearned Income, By Segment, Class And Internally Assigned Grade | June 30, 2016 Special Pass Mention Substandard Doubtful Loss Impaired (1) Total (In thousands) Commercial and industrial $ 1,654,279 $ - $ 36,866 $ 91 $ 384 $ 6,469 $ 1,698,089 Real estate Consumer mortgages 2,482,105 298 66,614 14 - 958 2,549,989 Home equity 603,039 - 10,163 - - 1,484 614,686 Agricultural 242,721 - 8,085 - - 760 251,566 Commercial and industrial-owner occupied 1,585,978 516 45,682 375 - 12,067 1,644,618 Construction, acquisition and development 1,003,045 - 12,809 - - 5,364 1,021,218 Commercial real estate 2,202,501 - 38,867 151 - 13,134 2,254,653 Credit cards 108,101 - - - - - 108,101 All other 424,932 - 8,027 99 - - 433,058 Total $ 10,306,701 $ 814 $ 227,113 $ 730 $ 384 $ 40,236 $ 10,575,978 December 31, 2015 Special Pass Mention Substandard Doubtful Loss Impaired (1) Total (In thousands) Commercial and industrial $ 1,721,118 $ - $ 19,529 $ - $ - $ 7,127 $ 1,747,774 Real estate Consumer mortgages 2,399,081 - 68,768 363 - 3,990 2,472,202 Home equity 577,539 - 10,418 - - 1,795 589,752 Agricultural 250,579 - 7,909 - - 872 259,360 Commercial and industrial-owner occupied 1,554,984 - 50,304 - - 12,141 1,617,429 Construction, acquisition and development 920,372 - 17,090 - - 7,583 945,045 Commercial real estate 2,124,448 - 45,658 161 - 17,781 2,188,048 Credit cards 112,165 - - - - - 112,165 All other 433,333 - 7,465 102 - 103 441,003 Total $ 10,093,619 $ - $ 227,141 $ 626 $ - $ 51,392 $ 10,372,778 |
Impaired Loans And Leases, Net Of Unearned Income, By Segment And Class | June 30, 2016 Unpaid Average Recorded Investment Interest Income Recognized Recorded Principal Related Three months Six months Three months Six months Investment Balance of Allowance ended ended ended ended in Impaired Impaired for Credit June 30, June 30, June 30, June 30, Loans (1) Loans Losses 2016 2016 2016 2016 (In thousands) With no related allowance: Commercial and industrial $ 5,968 $ 13,178 $ - $ 6,583 $ 6,733 $ 29 $ 53 Real estate: Consumer mortgages 958 1,344 - 1,943 2,767 8 21 Home equity 1,484 1,599 - 1,363 1,578 1 5 Agricultural 254 311 - 271 291 1 4 Commercial and industrial-owner occupied 12,067 13,735 - 11,608 10,913 96 204 Construction, acquisition and development 5,135 5,135 - 5,374 5,600 1 4 Commercial real estate 3,224 3,589 - 6,537 5,433 47 70 All other - - - - - - - Total $ 29,090 $ 38,891 $ - $ 33,679 $ 33,315 $ 183 $ 361 With an allowance: Commercial and industrial $ 501 $ 812 $ 71 $ 1,946 $ 1,228 $ 14 $ 19 Real estate: Consumer mortgages - - - - 348 - - Home equity - - - 261 131 1 1 Agricultural 506 506 124 521 535 - - Commercial and industrial-owner occupied - - - 1,146 1,489 - - Construction, acquisition and development 229 229 4 229 686 - - Commercial real estate 9,910 9,910 2,871 7,544 9,998 38 101 All other - - - - - - - Total $ 11,146 $ 11,457 $ 3,070 $ 11,647 $ 14,415 $ 53 $ 121 Total: Commercial and industrial $ 6,469 $ 13,990 $ 71 $ 8,529 $ 7,961 $ 43 $ 72 Real estate: Consumer mortgages 958 1,344 - 1,943 3,115 8 21 Home equity 1,484 1,599 - 1,624 1,709 2 6 Agricultural 760 817 124 792 826 1 4 Commercial and industrial-owner occupied 12,067 13,735 - 12,754 12,402 96 204 Construction, acquisition and development 5,364 5,364 4 5,603 6,286 1 4 Commercial real estate 13,134 13,499 2,871 14,081 15,431 85 171 All other - - - - - - - Total $ 40,236 $ 50,348 $ 3,070 $ 45,326 $ 47,730 $ 236 $ 482 (1) Excludes $2.8 million of non-accruing TDRs. December 31, 2015 Unpaid Recorded Principal Related Investment Balance of Allowance Average Interest in Impaired Impaired for Credit Recorded Income Loans (1) Loans Losses Investment Recognized (In thousands) With no related allowance: Commercial and industrial $ 7,055 $ 13,986 $ - $ 3,749 $ 95 Real estate: Consumer mortgages 3,990 4,545 - 3,579 76 Home equity 1,795 1,795 - 744 7 Agricultural 322 380 - 142 6 Commercial and industrial-owner occupied 12,141 13,332 - 6,904 226 Construction, acquisition and development 5,969 6,052 - 3,553 25 Commercial real estate 5,017 6,879 - 7,944 202 All other 103 103 - 172 3 Total $ 36,392 $ 47,072 $ - $ 26,787 $ 640 With an allowance: Commercial and industrial $ 72 $ 383 $ 78 $ 3,635 $ 84 Real estate: Consumer mortgages - - - 368 9 Home equity - - - 668 15 Agricultural 550 550 159 47 - Commercial and industrial-owner occupied - - 326 1,866 51 Construction, acquisition and development 1,614 1,614 677 300 - Commercial real estate 12,764 13,185 1,110 3,582 44 All other - - - - - Total $ 15,000 $ 15,732 $ 2,350 $ 10,466 $ 203 Total: Commercial and industrial $ 7,127 $ 14,369 $ 78 $ 7,384 $ 179 Real estate: Consumer mortgages 3,990 4,545 - 3,947 85 Home equity 1,795 1,795 - 1,412 22 Agricultural 872 930 159 189 6 Commercial and industrial-owner occupied 12,141 13,332 326 8,770 277 Construction, acquisition and development 7,583 7,666 677 3,853 25 Commercial real estate 17,781 20,064 1,110 11,526 246 All other 103 103 - 172 3 Total $ 51,392 $ 62,804 $ 2,350 $ 37,253 $ 843 (1) Excludes $ 2.6 million of non-accruing TDRs. The following tables provide details regarding impaired loans and leases, net of unearned income, which include accruing TDRs, by segment and class as of and for the three months and six months ended June 30, 2016 and as of and for the year ended December 31, 2015: June 30, 2016 Recorded Unpaid Principal Average Recorded Investment Interest Income Recognized Investment Balance of Related Three months Six months Three months Six months in Impaired Impaired Loans, Allowance ended ended ended ended Loans, including including for Credit June 30, June 30, June 30, June 30, Accruing TDRs Accruing TDRs Losses 2016 2016 2016 2016 (In thousands) With no related allowance: Commercial and industrial $ 5,968 $ 13,178 $ - $ 6,583 $ 6,733 $ 29 $ 53 Real estate: Consumer mortgages 958 1,344 - 1,943 2,767 8 21 Home equity 1,485 1,599 - 1,363 1,578 1 5 Agricultural 253 311 - 271 291 1 4 Commercial and industrial-owner occupied 12,067 13,735 - 11,608 10,913 96 204 Construction, acquisition and development 5,135 5,135 - 5,374 5,600 1 4 Commercial real estate 3,224 3,589 - 6,537 5,433 47 70 All other - - - - - - - Total $ 29,090 $ 38,891 $ - $ 33,679 $ 33,315 $ 183 $ 361 With an allowance: Commercial and industrial $ 3,850 $ 4,181 $ 165 $ 5,243 $ 3,328 $ 49 $ 63 Real estate: Consumer mortgages 1,762 2,023 332 1,458 1,856 11 22 Home equity 3 13 1 277 149 1 1 Agricultural 591 591 150 612 596 1 2 Commercial and industrial-owner occupied 2,922 3,482 207 4,014 5,680 16 61 Construction, acquisition and development 1,585 1,585 47 1,595 2,067 10 20 Commercial real estate 11,221 11,434 3,784 9,072 11,142 54 125 Credit card 902 902 29 885 921 89 179 All other 891 933 14 895 846 8 16 Total $ 23,727 $ 25,144 $ 4,729 $ 24,051 $ 26,585 $ 239 $ 489 Total: Commercial and industrial $ 9,818 $ 17,359 $ 165 $ 11,826 $ 10,061 $ 78 $ 116 Real estate: Consumer mortgages 2,720 3,367 332 3,401 4,623 19 43 Home equity 1,488 1,612 1 1,640 1,727 2 6 Agricultural 844 902 150 883 887 2 6 Commercial and industrial-owner occupied 14,989 17,217 207 15,622 16,593 112 265 Construction, acquisition and development 6,720 6,720 47 6,969 7,667 11 24 Commercial real estate 14,445 15,023 3,784 15,609 16,575 101 195 Credit card 902 902 29 885 921 89 179 All other 891 933 14 895 846 8 16 Total $ 52,817 $ 64,035 $ 4,729 $ 57,730 $ 59,900 $ 422 $ 850 December 31, 2015 Recorded Unpaid Principal Investment Balance of Related in Impaired Impaired Loans, Allowance Average Interest Loans, Including Including for Credit Recorded Income Accruing TDRs Accruing TDRs Losses Investment Recognized (In thousands) With no related allowance: Commercial and industrial $ 7,055 $ 13,986 $ - $ 3,749 $ 95 Real estate: Consumer mortgages 3,990 4,545 - 3,579 76 Home equity 1,795 1,795 - 744 7 Agricultural 322 380 - 142 6 Commercial and industrial-owner occupied 12,141 13,332 - 6,904 226 Construction, acquisition and development 5,969 6,052 - 3,553 25 Commercial real estate 5,017 6,879 - 7,944 202 All other 103 103 - 172 3 Total $ 36,392 $ 47,072 $ - $ 26,787 $ 640 With an allowance: Commercial and industrial $ 968 $ 1,294 $ 181 $ 4,251 $ 114 Real estate: Consumer mortgages 1,787 1,896 226 2,056 75 Home equity 20 30 3 674 15 Agricultural 586 586 162 56 - Commercial and industrial-owner occupied 5,900 6,245 518 6,816 235 Construction, acquisition and development 3,328 3,328 721 1,759 42 Commercial real estate 13,616 14,250 1,217 7,802 187 Credit cards 939 939 34 1,024 102 All other 405 604 30 213 7 Total $ 27,549 $ 29,172 $ 3,092 $ 24,651 $ 777 Total: Commercial and industrial $ 8,023 $ 15,280 $ 181 $ 8,000 $ 209 Real estate: Consumer mortgages 5,777 6,441 226 5,635 151 Home equity 1,815 1,825 3 1,418 22 Agricultural 908 966 162 198 6 Commercial and industrial-owner occupied 18,041 19,577 518 13,720 461 Construction, acquisition and development 9,297 9,380 721 5,312 67 Commercial real estate 18,633 21,129 1,217 15,746 389 Credit cards 939 939 34 1,024 102 All other 508 707 30 385 10 Total $ 63,941 $ 76,244 $ 3,092 $ 51,438 $ 1,417 |
Non-Performing Loans And Leases | June 30, December 31, 2016 2015 2015 (In thousands) Non-accrual loans and leases $ 68,638 $ 67,766 $ 83,028 Loans and leases 90 days or more past due, still accruing 1,875 1,568 2,013 Restructured loans and leases, still accruing 9,687 10,109 9,876 Total non-performing loans and leases $ 80,200 $ 79,443 $ 94,917 |
Nonaccrual Loans And Leases By Segment And Class | June 30, December 31, 2016 2015 2015 (In thousands) Commercial and industrial $ 8,675 $ 9,740 $ 8,493 Real estate Consumer mortgages 19,309 21,636 21,637 Home equity 2,734 3,550 4,021 Agricultural 1,107 259 921 Commercial and industrial-owner occupied 16,021 14,007 16,512 Construction, acquisition and development 6,086 5,411 9,130 Commercial real estate 14,197 12,397 21,741 Credit cards 159 157 188 All other 350 609 385 Total $ 68,638 $ 67,766 $ 83,028 |
Troubled Debt Restructurings | The following tables summarize the financial effect of TDRs recorded during the periods indicated: Three months ended June 30, 2016 Pre-Modification Post-Modification Number Outstanding Outstanding of Recorded Recorded Contracts Investment Investment (Dollars in thousands) Commercial and industrial 6 $ 2,630 $ 2,569 Real estate Consumer mortgages 8 604 586 Home equity 1 3 3 Agricultural 1 67 67 Commercial and industrial-owner occupied 3 585 581 Commercial real estate 1 961 956 All other - - - Total 20 $ 4,850 $ 4,762 Six months ended June 30, 2016 Pre-Modification Post-Modification Number Outstanding Outstanding of Recorded Recorded Contracts Investment Investment (Dollars in thousands) Commercial and industrial 9 $ 3,236 $ 3,174 Real estate Consumer mortgages 12 723 704 Home equity 1 3 3 Agricultural 1 67 67 Commercial and industrial-owner occupied 3 585 581 Commercial real estate 2 3,687 1,318 All other 3 716 713 Total 31 $ 9,017 $ 6,560 Year ended December 31, 2015 Pre-Modification Post-Modification Number Outstanding Outstanding of Recorded Recorded Contracts Investment Investment (Dollars in thousands) Commercial and industrial 11 $ 1,472 $ 1,452 Real estate Consumer mortgages 21 1,230 1,144 Home equity 1 20 20 Agricultural 3 37 36 Commercial and industrial-owner occupied 13 6,357 6,329 Construction, acquisition and development 3 217 215 Commercial real estate 9 12,565 12,144 All other 7 94 88 Total 68 $ 21,992 $ 21,428 The tables below summarize TDRs within the previous 12 months for which there was a payment default during the period indicated (i.e., 30 days or more past due at any given time during the period indicated). Three months ended June 30, 2016 Number of Recorded Contracts Investment (Dollars in thousands) Real estate Consumer mortgages 2 $ 125 All other 1 15 Total 3 $ 140 Six months ended June 30, 2016 Number of Recorded Contracts Investment (Dollars in thousands) Real estate Consumer mortgages 4 $ 172 Commercial and industrial-owner occupied 1 406 Construction, acquisition and development 1 14 Commercial real estate 1 9,335 All other 2 20 Total 9 $ 9,947 Year ended December 31, 2015 Number of Recorded Contracts Investment (Dollars in thousands) Commercial and industrial 1 $ 84 Real estate Consumer mortgages 4 226 Agricultural 1 20 Commercial and industrial-owner occupied 1 517 Commercial real estate 2 197 Total 9 $ 1,044 |
ALLOWANCE FOR CREDIT LOSSES (Ta
ALLOWANCE FOR CREDIT LOSSES (Tables) | 6 Months Ended |
Jun. 30, 2016 | |
ALLOWANCE FOR CREDIT LOSSES [Abstract] | |
Changes In The Allowance For Credit Losses By Segment And Class | Six months ended June 30, 2016 Balance, Balance, Beginning of End of Period Charge-offs Recoveries Provision Period (In thousands) Commercial and industrial $ 17,583 $ (888) $ 551 $ 473 $ 17,719 Real estate Consumer mortgages 33,198 (1,187) 954 260 33,225 Home equity 6,949 (774) 326 666 7,167 Agricultural 2,524 (21) 132 (272) 2,363 Commercial and industrial-owner occupied 14,607 (814) 226 (377) 13,642 Construction, acquisition and development 15,925 (506) 796 (679) 15,536 Commercial real estate 25,508 (1,115) 1,192 2,103 27,688 Credit cards 4,047 (1,334) 380 346 3,439 All other 6,117 (904) 463 480 6,156 Total $ 126,458 $ (7,543) $ 5,020 $ 3,000 $ 126,935 Year ended December 31, 2015 Balance, Balance, Beginning of End of Period Charge-offs Recoveries Provision Period (In thousands) Commercial and industrial $ 21,419 $ (10,022) $ 2,035 $ 4,151 $ 17,583 Real estate Consumer mortgages 40,015 (3,995) 2,693 (5,515) 33,198 Home equity 9,542 (1,204) 639 (2,028) 6,949 Agricultural 3,420 (33) 384 (1,247) 2,524 Commercial and industrial-owner occupied 16,325 (1,800) 2,834 (2,752) 14,607 Construction, acquisition and development 9,885 (1,039) 11,727 (4,648) 15,925 Commercial real estate 23,562 (3,723) 1,656 4,013 25,508 Credit cards 6,514 (2,632) 658 (493) 4,047 All other 11,761 (2,271) 1,108 (4,481) 6,117 Total $ 142,443 $ (26,719) $ 23,734 $ (13,000) $ 126,458 Six months ended June 30, 2015 Balance, Balance, Beginning of End of Period Charge-offs Recoveries Provision Period (In thousands) Commercial and industrial $ 21,419 $ (1,819) $ 784 $ 1,094 $ 21,478 Real estate Consumer mortgages 40,015 (1,467) 1,652 (1,895) 38,305 Home equity 9,542 (743) 426 408 9,633 Agricultural 3,420 (8) 305 (678) 3,039 Commercial and industrial-owner occupied 16,325 (798) 696 1,121 17,344 Construction, acquisition and development 9,885 (615) 9,582 (9,061) 9,791 Commercial real estate 23,562 (2,124) 1,320 (963) 21,795 Credit cards 6,514 (1,203) 336 (134) 5,513 All other 11,761 (1,020) 565 108 11,414 Total $ 142,443 $ (9,797) $ 15,666 $ (10,000) $ 138,312 |
Allowance For Credit Losses By Segment, Class And Impairment Status | December 31, 2015 Recorded Allowance for Allowance for Balance of Impaired Loans All Other Loans Total Impaired Loans (1) and Leases and Leases Allowance (In thousands) Commercial and industrial $ 7,127 $ 78 $ 17,505 $ 17,583 Real estate Consumer mortgages 3,990 - 33,198 33,198 Home equity 1,795 - 6,949 6,949 Agricultural 872 159 2,365 2,524 Commercial and industrial-owner occupied 12,141 326 14,281 14,607 Construction, acquisition and development 7,583 677 15,248 15,925 Commercial real estate 17,781 1,110 24,398 25,508 Credit cards - - 4,047 4,047 All other 103 - 6,117 6,117 Total $ 51,392 $ 2,350 $ 124,108 $ 126,458 |
OTHER REAL ESTATE OWNED (Tables
OTHER REAL ESTATE OWNED (Tables) | 6 Months Ended |
Jun. 30, 2016 | |
OTHER REAL ESTATE OWNED [Abstract] | |
Activity In Other Real Estate Owned | Six months ended Year ended June 30, December 31, 2016 2015 2015 (In thousands) Balance at beginning of period $ 14,759 $ 33,984 $ 33,984 Additions to foreclosed properties New foreclosed properties 7,874 4,534 7,422 Reductions in foreclosed properties Sales including realized gains and losses, net (6,505) (11,010) (20,649) Writedowns (1,470) (3,209) (5,998) Balance at end of period $ 14,658 $ 24,299 $ 14,759 |
Other Real Estate Owned By Segment And Class | June 30, December 31, 2016 2015 2015 (In thousands) Commercial and industrial $ 74 $ 84 $ 84 Real estate Consumer mortgages 2,109 2,048 2,477 Home equity 654 101 101 Agricultural 25 25 25 Commercial and industrial-owner occupied 1,272 1,214 1,074 Construction, acquisition and development 8,051 19,639 10,212 Commercial real estate 2,312 1,069 678 All other 161 119 108 Total $ 14,658 $ 24,299 $ 14,759 |
SECURITIES (Tables)
SECURITIES (Tables) | 6 Months Ended |
Jun. 30, 2016 | |
SECURITIES [Abstract] | |
Amortized Cost And Estimated Fair Values Of Available-For-Sale Securities | June 30, 2016 Gross Gross Estimated Amortized Unrealized Unrealized Fair Cost Gains Losses Value (In thousands) U.S. Government agencies $ 1,302,238 $ 8,565 $ - $ 1,310,803 Government agency issued residential mortgage-backed securities 177,195 3,066 83 180,178 Government agency issued commercial mortgage-backed securities 188,222 5,268 15 193,475 Obligations of states and political subdivisions 374,134 25,263 6 399,391 Other 19,173 863 - 20,036 Total $ 2,060,962 $ 43,025 $ 104 $ 2,103,883 December 31, 2015 Gross Gross Estimated Amortized Unrealized Unrealized Fair Cost Gains Losses Value (In thousands) U.S. Government agencies $ 1,246,261 $ 826 $ 2,447 $ 1,244,640 Government agency issued residential mortgage-backed securities 138,759 1,957 176 140,540 Government agency issued commercial mortgage-backed securities 261,544 2,414 3,265 260,693 Obligations of states and political subdivisions 394,769 22,813 83 417,499 Other 18,112 845 - 18,957 Total $ 2,059,445 $ 28,855 $ 5,971 $ 2,082,329 June 30, 2015 Gross Gross Estimated Amortized Unrealized Unrealized Fair Cost Gains Losses Value (In thousands) U.S. Government agencies $ 1,331,589 $ 5,341 $ 84 $ 1,336,846 Government agency issued residential mortgage-backed securities 214,390 3,518 717 217,191 Government agency issued commercial mortgage-backed securities 224,386 2,064 2,000 224,450 Obligations of states and political subdivisions 434,980 23,488 146 458,322 Other 13,123 1,221 - 14,344 Total $ 2,218,468 $ 35,632 $ 2,947 $ 2,251,153 |
Amortized Cost And Estimated Fair Value Of Available-For-Sale Securities By Contractual Maturity | June 30, 2016 Estimated Weighted Amortized Fair Average Cost Value Yield (Dollars in thousands) Maturing in one year or less $ 380,547 $ 381,075 0.91 % Maturing after one year through five years 1,023,283 1,033,003 1.36 Maturing after five years through ten years 49,906 53,281 5.77 Maturing after ten years 241,809 262,871 5.72 Mortgage-backed securities 365,417 373,653 2.08 Total $ 2,060,962 $ 2,103,883 |
Temporarily Impaired Available-For-Sale Securities With Continuous Unrealized Loss Positions | June 30, 2016 Continuous Unrealized Loss Position Less Than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses (In thousands) Government agency issued residential mortgage-backed securities $ 21,771 $ 76 $ 4,691 $ 7 $ 26,462 $ 83 Government agency issued commercial mortgage-backed securities 14,049 13 658 2 14,707 15 Obligations of states and political subdivisions 657 6 - - 657 6 Total $ 36,477 $ 95 $ 5,349 $ 9 $ 41,826 $ 104 December 31, 2015 Continuous Unrealized Loss Position Less Than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses (In thousands) U.S. Government agencies $ 762,568 $ 2,447 $ - $ - $ 762,568 $ 2,447 Government agency issued residential mortgage-backed securities 34,238 176 - - 34,238 176 Government agency issued commercial mortgage-backed securities 193,621 2,710 31,166 555 224,787 3,265 Obligations of states and political subdivisions 13,576 70 2,856 13 16,432 83 Total $ 1,004,003 $ 5,403 $ 34,022 $ 568 $ 1,038,025 $ 5,971 |
PER SHARE DATA (Tables)
PER SHARE DATA (Tables) | 6 Months Ended |
Jun. 30, 2016 | |
PER SHARE DATA [Abstract] | |
Basic And Diluted Earnings Per Share Computations | Three months ended June 30, 2016 2015 Income Shares Per Share Income Shares Per Share (Numerator) (Denominator) Amount (Numerator) (Denominator) Amount Basic EPS (In thousands, except per share amounts) Income available to common shareholders $ 34,692 94,461 $ 0.37 $ 39,713 96,626 $ 0.41 Effect of dilutive share- based awards - 234 - 332 Diluted EPS Income available to common shareholders plus assumed exercise of all outstanding share-based awards $ 34,692 94,695 $ 0.37 $ 39,713 96,958 $ 0.41 Six months ended June 30, 2016 2015 Income Shares Per Share Income Shares Per Share (Numerator) (Denominator) Amount (Numerator) (Denominator) Amount Basic EPS (In thousands, except per share amounts) Income available to common shareholders $ 57,241 94,415 $ 0.61 $ 71,979 96,493 $ 0.75 Effect of dilutive share- based awards - 229 - 329 Diluted EPS Income available to common shareholders plus assumed exercise of all outstanding share-based awards $ 57,241 94,644 $ 0.60 $ 71,979 96,822 $ 0.74 |
COMPREHENSIVE INCOME (Tables)
COMPREHENSIVE INCOME (Tables) | 6 Months Ended |
Jun. 30, 2016 | |
COMPREHENSIVE INCOME [Abstract] | |
Components Of Other Comprehensive Income | Three months ended June 30, 2016 2015 Before Net Before Net tax Tax of tax tax Tax of tax amount effect amount amount effect amount Net unrealized gains (losses) on available-for- (In thousands) sale securities: Unrealized gains (losses) arising during holding period $ 5,956 $ (2,279) $ 3,677 $ (8,653) $ 3,313 $ (5,340) Reclassification adjustment for net gains realized in net income (1) (86) 33 (53) (41) 16 (25) Recognized employee benefit plan net periodic benefit cost (2) 1,511 (578) 933 1,797 (687) 1,110 Other comprehensive income (loss) $ 7,381 $ (2,824) $ 4,557 $ (6,897) $ 2,642 $ (4,255) Net income 34,692 39,713 Comprehensive income $ 39,249 $ 35,458 (1) Reclassification adjustments for net gains (losses) on available-for-sale securities are reported as net security gains on the consolidated statements of income. (2) Recognized employee benefit plan net periodic benefit cost include recognized prior service cost and recognized net loss. For more information, see Note 9 - Pension Benefits. Six months ended June 30, 2016 2015 Before Net Before Net tax Tax of tax tax Tax of tax amount effect amount amount effect amount Net unrealized gains on available-for- (In thousands) sale securities: Unrealized gains arising during holding period $ 20,125 $ (7,699) $ 12,426 $ 380 $ (168) $ 212 Reclassification adjustment for net gains realized in net income (1) (88) 34 (54) (55) 21 (34) Recognized employee benefit plan net periodic benefit cost (2) 3,022 (1,156) 1,866 3,594 (1,374) 2,220 Other comprehensive income $ 23,059 $ (8,821) $ 14,238 $ 3,919 $ (1,521) $ 2,398 Net income 57,241 71,979 Comprehensive income $ 71,479 $ 74,377 (1) Reclassification adjustments for net gains (losses) on available-for-sale securities are reported as net security gains on the consolidated statements of income. (2) Recognized employee benefit plan net periodic benefit cost include recognized prior service cost and recognized net loss. For more information, see Note 9 - Pension Benefits. |
GOODWILL AND OTHER INTANGIBLE30
GOODWILL AND OTHER INTANGIBLE ASSETS (Tables) | 6 Months Ended |
Jun. 30, 2016 | |
GOODWILL AND OTHER INTANGIBLE ASSETS [Abstract] | |
Goodwill Carrying Amounts By Operating Segment | Community Insurance Banking Agencies Total (In thousands) Balance as of December 31, 2015 $ 217,618 $ 73,880 $ 291,498 Goodwill recorded during the period - 3,403 3,403 Balance as of June 30, 2016 $ 217,618 $ 77,283 $ 294,901 |
Carrying Value And Accumulated Amortization Of Identifiable Intangible Assets | As of As of June 30, 2016 December 31, 2015 Gross Carrying Accumulated Gross Carrying Accumulated Amount Amortization Amount Amortization Amortized intangible assets: (In thousands) Core deposit intangibles $ 27,801 $ 23,497 $ 27,801 $ 23,269 Customer relationship intangibles 43,918 28,854 49,639 34,922 Non-solicitation intangibles 1,550 775 1,650 1,042 Total $ 73,269 $ 53,126 $ 79,090 $ 59,233 Unamortized intangible assets: Trade names $ 688 $ - $ 688 $ - |
Aggregate amortization expense | Three months ended Six months ended June 30, June 30, 2016 2015 2016 2015 Aggregate amortization expense for: (In thousands) Core deposit intangibles $ 111 $ 153 $ 228 $ 246 Customer relationship intangibles 700 796 1,338 1,622 Non-solicitation intangibles 58 112 183 225 Total $ 869 $ 1,061 $ 1,749 $ 2,093 |
Future Estimated Amortization Expense | Customer Non- Core Deposit Relationship Solicitation Intangibles Intangibles Intangibles Total Estimated Amortization Expense: (In thousands) For the year ending December 31, 2016 $ 451 $ 2,852 $ 282 $ 3,585 For the year ending December 31, 2017 419 2,669 298 3,386 For the year ending December 31, 2018 390 2,267 281 2,938 For the year ending December 31, 2019 363 1,916 98 2,377 For the year ending December 31, 2020 340 1,511 - 1,851 |
PENSION BENEFITS (Tables)
PENSION BENEFITS (Tables) | 6 Months Ended |
Jun. 30, 2016 | |
PENSION BENEFITS [Abstract] | |
Components Of Net Periodic Benefit Costs | Three months ended Six months ended June 30, June 30, 2016 2015 2016 2015 (In thousands) Service cost $ 2,213 $ 2,615 $ 4,426 $ 5,230 Interest cost 2,341 2,588 4,682 5,176 Expected return on assets (2,613) (2,693) (5,226) (5,387) Recognized prior service cost (179) (180) (358) (359) Recognized net loss 1,690 1,976 3,380 3,952 Net periodic benefit costs $ 3,452 $ 4,306 $ 6,904 $ 8,612 |
SEGMENT REPORTING (Tables)
SEGMENT REPORTING (Tables) | 6 Months Ended |
Jun. 30, 2016 | |
SEGMENT REPORTING [Abstract] | |
Results Of Operations And Selected Financial Information By Operating Segment | General Community Insurance Corporate Banking Agencies and Other Total (In thousands) Three months ended June 30, 2016: Results of Operations Net interest revenue $ 102,890 $ 16 $ 9,410 $ 112,316 Provision for credit losses 985 - 1,015 2,000 Net interest revenue after provision for credit losses 101,905 16 8,395 110,316 Noninterest revenue 20,734 28,543 20,406 69,683 Noninterest expense 75,162 24,781 28,775 128,718 Income (loss) before income taxes 47,477 3,778 26 51,281 Income tax expense (benefit) 16,078 1,511 (1,000) 16,589 Net income (loss) $ 31,399 $ 2,267 $ 1,026 $ 34,692 Selected Financial Information Total assets at end of period $ 10,271,318 $ 219,280 $ 3,646,562 $ 14,137,160 Depreciation and amortization 5,280 1,034 $ 855 7,169 Three months ended June 30, 2015: Results of Operations Net interest revenue $ 97,679 $ 35 $ 9,595 $ 107,309 Provision for credit losses (5,831) - 831 (5,000) Net interest revenue after provision for credit losses 103,510 35 8,764 112,309 Noninterest revenue 20,224 29,280 24,810 74,314 Noninterest expense 74,749 25,296 28,132 128,177 Income before income taxes 48,985 4,019 5,442 58,446 Income tax expense 16,295 1,609 829 18,733 Net income $ 32,690 $ 2,410 $ 4,613 $ 39,713 Selected Financial Information Total assets at end of period $ 9,868,018 $ 211,142 $ 3,555,771 $ 13,634,931 Depreciation and amortization 5,577 1,232 940 7,749 General Community Insurance Corporate Banking Agencies and Other Total (In thousands) Six months ended June 30, 2016 Results of Operations Net interest revenue $ 204,351 $ 35 $ 19,089 $ 223,475 Provision for credit losses 2,104 - 896 3,000 Net interest revenue after provision for credit losses 202,247 35 18,193 220,475 Noninterest revenue 41,043 61,908 32,247 135,198 Noninterest expense 164,203 50,263 56,552 271,018 Income before income taxes 79,087 11,680 (6,112) 84,655 Income tax expense 26,956 4,651 (4,193) 27,414 Net income $ 52,131 $ 7,029 $ (1,919) $ 57,241 Selected Financial Information Total assets at end of period $ 10,271,318 $ 219,280 3,646,562 $ 14,137,160 Depreciation and amortization 10,542 2,094 1,719 14,355 Six months ended June 30, 2015 Results of Operations Net interest revenue $ 194,518 $ 67 18,797 $ 213,382 Provision for credit losses (9,798) - (202) (10,000) Net interest revenue after provision for credit losses 204,316 67 18,999 223,382 Noninterest revenue 40,617 62,478 44,534 147,629 Noninterest expense 159,211 50,612 55,287 265,110 Income before income taxes 85,722 11,933 8,246 105,901 Income tax expense (benefit) 27,904 4,755 1,263 33,922 Net income $ 57,818 $ 7,178 $ 6,983 $ 71,979 Selected Financial Information Total assets at end of period $ 9,868,018 $ 211,142 $ 3,555,771 $ 13,634,931 Depreciation and amortization 11,089 2,497 1,918 15,504 |
MORTGAGE SERVICING RIGHTS (Tabl
MORTGAGE SERVICING RIGHTS (Tables) | 6 Months Ended |
Jun. 30, 2016 | |
MORTGAGE SERVICING RIGHTS [Abstract] | |
Data and Assumptions Used in Fair Value Calculation | June 30, December 31, 2016 2015 2015 (Dollars in thousands) Unpaid principal balance $6,153,754 $5,802,407 $6,011,236 Weighted-average prepayment speed (CPR) 13.5 10.0 10.3 Discount rate (annual percentage) 9.8 9.8 9.8 Weighted-average coupon interest rate (percentage) 4.0 4.1 4.0 Weighted-average remaining maturity (months) 321.0 316.0 319.0 Weighted-average servicing fee (basis points) 26.7 26.6 26.6 |
Activity in Class of Mortgage Servicing Assets | 2016 2015 (In thousands) Fair value as of January 1 $ 57,268 $ 51,296 Additions: Origination of servicing assets 6,335 6,843 Changes in fair value: Due to payoffs/paydowns (3,446) (3,494) Due to change in valuation inputs or assumptions used in the valuation model (12,046) 1,282 Other changes in fair value (3) (3) Fair value as of June 30 $ 48,108 $ 55,924 |
DERIVATIVE INSTRUMENTS AND OF34
DERIVATIVE INSTRUMENTS AND OFFSETTING ASSETS AND LIABILITIES (Tables) | 6 Months Ended |
Jun. 30, 2016 | |
DERIVATIVE INSTRUMENTS AND OFFSETTING ASSETS AND LIABILITIES [Abstract] | |
Offsetting Of Derivative Assets And Liabilities | June 30, 2016 Gross Amounts Not Offset in the Consolidated Balance Sheet Financial Gross Amount Gross Amount Net Amount Financial Collateral Net Recognized Offset Recognized Instruments Pledged Amount (In thousands) Financial assets: Derivatives: Forward commitments $ 8,840 $ - $ 8,840 $ - $ - $ 8,840 Loan/lease interest rate swaps 16,612 - 16,612 - - 16,612 Total financial assets $ 25,452 $ - $ 25,452 $ - $ - $ 25,452 . Financial liabilities: Derivatives: Forward commitments $ 3,569 $ - $ 3,569 $ - $ - $ 3,569 Loan/lease interest rate swaps 16,854 - 16,854 - (16,854) - Repurchase arrangements 415,949 - 415,949 (415,949) - - Total financial liabilities $ 436,372 $ - $ 436,372 $ (415,949) $ (16,854) $ 3,569 December 31, 2015 Gross Amounts Not Offset in the Consolidated Balance Sheet Financial Gross Amount Gross Amount Net Amount Financial Collateral Net Recognized Offset Recognized Instruments Pledged Amount (In thousands) Financial assets: Derivatives: Forward commitments $ 3,894 $ - $ 3,894 $ - $ - $ 3,894 Loan/lease interest rate swaps 15,614 - 15,614 - - 15,614 Total financial assets $ 19,508 $ - $ 19,508 $ - $ - $ 19,508 Financial liabilities: Derivatives: Forward commitments $ 395 $ - $ 395 $ - $ - $ 395 Loan/lease interest rate swaps 15,856 - 15,856 - (15,856) - Repurchase arrangements 405,937 - 405,937 (405,937) - - Total financial liabilities $ 422,188 $ - $ 422,188 $ (405,937) $ (15,856) $ 395 June 30, 2015 Gross Amounts Not Offset in the Consolidated Balance Sheet Financial Gross Amount Gross Amount Net Amount Financial Collateral Net Recognized Offset Recognized Instruments Pledged Amount (In thousands) Financial assets: Derivatives: Forward commitments $ 7,013 $ - $ 7,013 $ - $ - $ 7,013 Loan/lease interest rate swaps 18,294 - 18,294 - - 18,294 Total financial assets $ 25,307 $ - $ 25,307 $ - $ - $ 25,307 Financial liabilities: Derivatives: Forward commitments $ 304 $ - $ 304 $ - $ - $ 304 Loan/lease interest rate swaps 18,565 - 18,565 - (18,565) - Repurchase arrangements 375,980 - 375,980 (375,980) - - Total financial liabilities $ 394,849 $ - $ 394,849 $ (375,980) $ (18,565) $ 304 |
FAIR VALUE DISCLOSURES (Tables)
FAIR VALUE DISCLOSURES (Tables) | 6 Months Ended |
Jun. 30, 2016 | |
FAIR VALUE DISCLOSURES [Abstract] | |
Assets And Liabilities Measured At Fair Value On A Recurring Basis | June 30, 2016 Level 1 Level 2 Level 3 Total Assets: (In thousands) Available-for-sale securities: U.S. Government agencies $ - $ 1,310,803 $ - $ 1,310,803 Government agency issued residential mortgage-backed securities - 180,178 - 180,178 Government agency issued commercial mortgage-backed securities - 193,475 - 193,475 Obligations of states and political subdivisions - 399,391 - 399,391 Other 795 19,241 - 20,036 Mortgage servicing rights - - 48,108 48,108 Derivative instruments - - 25,452 25,452 Loans held for sale - 210,698 - 210,698 Total $ 795 $ 2,313,786 $ 73,560 $ 2,388,141 Liabilities: Derivative instruments $ - $ - $ 20,423 $ 20,423 June 30, 2015 Level 1 Level 2 Level 3 Total Assets: (In thousands) Available-for-sale securities: U.S. Government agencies $ - $ 1,336,846 $ - $ 1,336,846 Government agency issued residential mortgage-backed securities - 217,191 - 217,191 Government agency issued commercial mortgage-backed securities - 224,450 - 224,450 Obligations of states and political subdivisions - 458,322 - 458,322 Other 1,160 13,184 - 14,344 Mortgage servicing rights - - 55,924 55,924 Derivative instruments - - 25,307 25,307 Loans held for sale - 199,370 - 199,370 Total $ 1,160 $ 2,449,363 $ 81,231 $ 2,531,754 Liabilities: Derivative instruments $ - $ - $ 18,869 $ 18,869 |
Changes In Level Three Assets And Liabilities Measured At Fair Value On A Recurring Basis | Mortgage Servicing Derivative Rights Instruments (In thousands) Balance at December 31, 2015 $ 57,268 $ 3,257 Year to date net gains included in: Net (loss) gain (15,495) 1,772 Other comprehensive income - - Additions 6,335 - Transfers in and/or out of Level 3 - - Balance at June 30, 2016 $ 48,108 $ 5,029 Net unrealized (losses) gains included in net income for the quarter relating to Level 3 assets and liabilities at June 30, 2016 $ (4,092) $ 639 Mortgage Servicing Derivative Rights Instruments (In thousands) Balance at December 31, 2014 $ 51,296 $ 623 Year to date net gains included in: Net (loss) gain (2,215) 5,815 Other comprehensive income - - Additions 6,843 - Transfers in and/or out of Level 3 - - Balance at June 30, 2015 $ 55,924 $ 6,438 Net unrealized gains included in net income for the quarter relating to Level 3 assets and liabilities at June 30, 2015 $ 4,321 $ 3,017 |
Assets And Liabilities Recorded At Fair Value On A Nonrecurring Basis | June 30, 2016 Six Months Ended June 30, 2016 Level 1 Level 2 Level 3 Total Net losses Assets: (In thousands) Impaired loans $ - $ - $ 40,236 $ 40,236 $ (1,380) Other real estate owned - - 14,658 14,658 (1,168) June 30, 2015 Six Months Ended June 30, 2015 Level 1 Level 2 Level 3 Total Net losses Assets: (In thousands) Impaired loans $ - $ - $ 35,113 $ 35,113 $ (3,454) Other real estate owned - - 24,299 24,299 (3,198) |
Carrying And Fair Value Information | June 30, 2016 December 31, 2015 Carrying Fair Carrying Fair Value Value Value Value Assets: (In thousands) Cash and due from banks $ 186,381 $ 186,381 $ 154,192 $ 154,192 Interest bearing deposits with other banks 86,472 86,472 43,777 43,777 Available-for-sale securities 2,103,883 2,103,883 2,082,329 2,082,329 Net loans and leases 10,449,043 10,600,855 10,246,320 10,331,043 Loans held for sale 210,698 210,698 157,907 157,907 Liabilities: Noninterest bearing deposits 3,133,460 3,133,460 3,031,528 3,031,528 Savings and interest bearing deposits 6,351,398 6,351,398 6,446,142 6,446,142 Other time deposits 1,879,509 1,895,455 1,853,491 1,867,034 Federal funds purchased and securities sold under agreement to repurchase and other short-term borrowings 415,949 415,357 467,946 467,263 Long-term debt and other borrowings 388,786 398,262 92,973 98,502 Derivative instruments: Forward commitments to sell fixed rate mortgage loans (3,569) (3,569) 109 109 Commitments to fund fixed rate mortgage loans 8,840 8,840 3,390 3,390 Interest rate swap position to receive 16,612 16,612 15,614 15,614 Interest rate swap position to pay (16,854) (16,854) (15,856) (15,856) |
OTHER NONINTEREST REVENUE AND36
OTHER NONINTEREST REVENUE AND EXPENSE (Tables) | 6 Months Ended |
Jun. 30, 2016 | |
OTHER NONINTEREST REVENUE AND EXPENSE [Abstract] | |
Other Noninterest Revenue | Three months ended Six months ended June 30, June 30, 2016 2015 2016 2015 (In thousands) Bank-owned life insurance $ 1,813 $ 1,835 $ 3,706 $ 3,734 Other miscellaneous income 4,078 2,684 6,747 6,025 Total other noninterest income $ 5,891 $ 4,519 $ 10,453 $ 9,759 |
Other Noninterest Expense | Three months ended Six months ended June 30, June 30, 2016 2015 2016 2015 (In thousands) Advertising $ 1,043 $ 1,686 $ 1,676 $ 2,467 Foreclosed property expense 1,309 1,625 2,490 3,596 Telecommunications 1,259 1,323 2,554 2,637 Public relations 599 794 1,260 1,479 Data processing 6,685 5,898 13,076 11,900 Computer software 2,732 2,690 5,392 5,296 Amortization of intangibles 869 1,061 1,749 2,093 Legal fees 1,754 1,998 6,289 9,679 Merger expense 1 4 2 4 Postage and shipping 985 1,194 2,102 2,366 Other miscellaneous expense 13,664 13,325 27,540 29,356 Total other noninterest expense $ 30,900 $ 31,598 $ 64,130 $ 70,873 |
LOANS AND LEASES (Gross Loans A
LOANS AND LEASES (Gross Loans And Leases By Segment And Class) (Details) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 | Jun. 30, 2015 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans and leases | $ 10,604,547 | $ 10,404,326 | $ 10,041,455 |
Less: Unearned income | 28,569 | 31,548 | 33,884 |
Net loans and leases | 10,575,978 | 10,372,778 | 10,007,571 |
Commercial And Industrial [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans and leases | 1,701,848 | 1,752,273 | 1,735,444 |
Net loans and leases | 1,698,089 | 1,747,774 | |
Real Estate [Member] | Consumer Mortgages [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans and leases | 2,549,989 | 2,472,202 | 2,374,122 |
Net loans and leases | 2,549,989 | 2,472,202 | |
Real Estate [Member] | Home Equity [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans and leases | 614,686 | 589,752 | 558,460 |
Net loans and leases | 614,686 | 589,752 | |
Real Estate [Member] | Agricultural [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans and leases | 251,566 | 259,360 | 239,884 |
Net loans and leases | 251,566 | 259,360 | |
Real Estate [Member] | Commercial And Industrial - Owner Occupied [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans and leases | 1,644,618 | 1,617,429 | 1,596,244 |
Net loans and leases | 1,644,618 | 1,617,429 | |
Real Estate [Member] | Construction, Acquisition And Development [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans and leases | 1,021,218 | 945,045 | 860,407 |
Net loans and leases | 1,021,218 | 945,045 | |
Real Estate [Member] | Commercial Real Estate [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans and leases | 2,254,653 | 2,188,048 | 2,081,394 |
Net loans and leases | 2,254,653 | 2,188,048 | |
Credit Cards [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans and leases | 108,101 | 112,165 | 110,552 |
Net loans and leases | 108,101 | 112,165 | |
All Other [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans and leases | 457,868 | 468,052 | $ 484,948 |
Net loans and leases | $ 433,058 | $ 441,003 |
LOANS AND LEASES (Loans And Lea
LOANS AND LEASES (Loans And Leases, Net Of Unearned Income By Segment, Class And Geographical Location) (Details) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 | Jun. 30, 2015 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Maximum percentage of loan concentrations (in hundredths) | 10.00% | ||
Total | $ 10,575,978 | $ 10,372,778 | $ 10,007,571 |
Alabama and Florida Panhandle [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 1,304,615 | ||
Arkansas [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 1,332,973 | ||
Louisiana [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 1,027,306 | ||
Mississippi [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 3,567,014 | ||
Missouri [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 474,850 | ||
Tennessee [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 1,061,932 | ||
Texas [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 1,606,875 | ||
Other | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 200,413 | ||
Commercial And Industrial [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 1,698,089 | 1,747,774 | |
Commercial And Industrial [Member] | Alabama and Florida Panhandle [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 146,268 | ||
Commercial And Industrial [Member] | Arkansas [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 198,348 | ||
Commercial And Industrial [Member] | Louisiana [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 196,156 | ||
Commercial And Industrial [Member] | Mississippi [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 680,183 | ||
Commercial And Industrial [Member] | Missouri [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 93,190 | ||
Commercial And Industrial [Member] | Tennessee [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 117,291 | ||
Commercial And Industrial [Member] | Texas [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 221,574 | ||
Commercial And Industrial [Member] | Other | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 45,079 | ||
Credit Cards [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 108,101 | 112,165 | |
Credit Cards [Member] | Other | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 108,101 | ||
All Other [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 433,058 | 441,003 | |
All Other [Member] | Alabama and Florida Panhandle [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 71,387 | ||
All Other [Member] | Arkansas [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 47,848 | ||
All Other [Member] | Louisiana [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 29,070 | ||
All Other [Member] | Mississippi [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 172,686 | ||
All Other [Member] | Missouri [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 4,189 | ||
All Other [Member] | Tennessee [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 34,789 | ||
All Other [Member] | Texas [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 53,328 | ||
All Other [Member] | Other | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 19,761 | ||
Consumer Mortgages [Member] | Real Estate [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 2,549,989 | 2,472,202 | |
Consumer Mortgages [Member] | Real Estate [Member] | Alabama and Florida Panhandle [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 318,323 | ||
Consumer Mortgages [Member] | Real Estate [Member] | Arkansas [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 326,634 | ||
Consumer Mortgages [Member] | Real Estate [Member] | Louisiana [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 225,181 | ||
Consumer Mortgages [Member] | Real Estate [Member] | Mississippi [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 815,895 | ||
Consumer Mortgages [Member] | Real Estate [Member] | Missouri [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 80,713 | ||
Consumer Mortgages [Member] | Real Estate [Member] | Tennessee [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 286,004 | ||
Consumer Mortgages [Member] | Real Estate [Member] | Texas [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 472,988 | ||
Consumer Mortgages [Member] | Real Estate [Member] | Other | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 24,251 | ||
Home Equity [Member] | Real Estate [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 614,686 | 589,752 | |
Home Equity [Member] | Real Estate [Member] | Alabama and Florida Panhandle [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 93,400 | ||
Home Equity [Member] | Real Estate [Member] | Arkansas [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 43,484 | ||
Home Equity [Member] | Real Estate [Member] | Louisiana [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 67,923 | ||
Home Equity [Member] | Real Estate [Member] | Mississippi [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 226,158 | ||
Home Equity [Member] | Real Estate [Member] | Missouri [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 23,427 | ||
Home Equity [Member] | Real Estate [Member] | Tennessee [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 145,122 | ||
Home Equity [Member] | Real Estate [Member] | Texas [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 13,701 | ||
Home Equity [Member] | Real Estate [Member] | Other | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 1,471 | ||
Agricultural [Member] | Real Estate [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 251,566 | 259,360 | |
Agricultural [Member] | Real Estate [Member] | Alabama and Florida Panhandle [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 7,684 | ||
Agricultural [Member] | Real Estate [Member] | Arkansas [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 79,186 | ||
Agricultural [Member] | Real Estate [Member] | Louisiana [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 27,600 | ||
Agricultural [Member] | Real Estate [Member] | Mississippi [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 67,078 | ||
Agricultural [Member] | Real Estate [Member] | Missouri [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 3,571 | ||
Agricultural [Member] | Real Estate [Member] | Tennessee [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 13,942 | ||
Agricultural [Member] | Real Estate [Member] | Texas [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 52,505 | ||
Commercial And Industrial - Owner Occupied [Member] | Real Estate [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 1,644,618 | 1,617,429 | |
Commercial And Industrial - Owner Occupied [Member] | Real Estate [Member] | Alabama and Florida Panhandle [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 199,074 | ||
Commercial And Industrial - Owner Occupied [Member] | Real Estate [Member] | Arkansas [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 174,811 | ||
Commercial And Industrial - Owner Occupied [Member] | Real Estate [Member] | Louisiana [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 198,307 | ||
Commercial And Industrial - Owner Occupied [Member] | Real Estate [Member] | Mississippi [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 668,400 | ||
Commercial And Industrial - Owner Occupied [Member] | Real Estate [Member] | Missouri [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 49,294 | ||
Commercial And Industrial - Owner Occupied [Member] | Real Estate [Member] | Tennessee [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 140,535 | ||
Commercial And Industrial - Owner Occupied [Member] | Real Estate [Member] | Texas [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 214,197 | ||
Construction, Acquisition And Development [Member] | Real Estate [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 1,021,218 | 945,045 | |
Construction, Acquisition And Development [Member] | Real Estate [Member] | Alabama and Florida Panhandle [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 121,768 | ||
Construction, Acquisition And Development [Member] | Real Estate [Member] | Arkansas [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 102,732 | ||
Construction, Acquisition And Development [Member] | Real Estate [Member] | Louisiana [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 55,618 | ||
Construction, Acquisition And Development [Member] | Real Estate [Member] | Mississippi [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 322,841 | ||
Construction, Acquisition And Development [Member] | Real Estate [Member] | Missouri [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 22,212 | ||
Construction, Acquisition And Development [Member] | Real Estate [Member] | Tennessee [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 148,243 | ||
Construction, Acquisition And Development [Member] | Real Estate [Member] | Texas [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 247,804 | ||
Commercial Real Estate [Member] | Real Estate [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 2,254,653 | $ 2,188,048 | |
Commercial Real Estate [Member] | Real Estate [Member] | Alabama and Florida Panhandle [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 346,711 | ||
Commercial Real Estate [Member] | Real Estate [Member] | Arkansas [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 359,930 | ||
Commercial Real Estate [Member] | Real Estate [Member] | Louisiana [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 227,451 | ||
Commercial Real Estate [Member] | Real Estate [Member] | Mississippi [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 613,773 | ||
Commercial Real Estate [Member] | Real Estate [Member] | Missouri [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 198,254 | ||
Commercial Real Estate [Member] | Real Estate [Member] | Tennessee [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 176,006 | ||
Commercial Real Estate [Member] | Real Estate [Member] | Texas [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 330,778 | ||
Commercial Real Estate [Member] | Real Estate [Member] | Other | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | $ 1,750 |
LOANS AND LEASES (Aging Of Loan
LOANS AND LEASES (Aging Of Loan And Lease Portfolio, Net Of Unearned Income, By Segment And Class) (Details) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 | Jun. 30, 2015 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | $ 69,529 | $ 68,132 | |
Current | 10,506,449 | 10,304,646 | |
Total | 10,575,978 | 10,372,778 | $ 10,007,571 |
90 Plus Days Past Due still Accruing | 1,875 | 2,013 | |
30-59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 31,932 | 24,724 | |
60-89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 7,476 | 10,020 | |
90+ Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 30,121 | 33,388 | |
Commercial And Industrial [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 11,610 | 7,586 | |
Current | 1,686,479 | 1,740,188 | |
Total | 1,698,089 | 1,747,774 | |
90 Plus Days Past Due still Accruing | 82 | 60 | |
Commercial And Industrial [Member] | 30-59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 5,563 | 2,038 | |
Commercial And Industrial [Member] | 60-89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 400 | 817 | |
Commercial And Industrial [Member] | 90+ Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 5,647 | 4,731 | |
Credit Cards [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 1,054 | 1,086 | |
Current | 107,047 | 111,079 | |
Total | 108,101 | 112,165 | |
90 Plus Days Past Due still Accruing | 291 | 298 | |
Credit Cards [Member] | 30-59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 471 | 420 | |
Credit Cards [Member] | 60-89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 229 | 343 | |
Credit Cards [Member] | 90+ Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 354 | 323 | |
All Other [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 961 | 995 | |
Current | 432,097 | 440,008 | |
Total | 433,058 | 441,003 | |
All Other [Member] | 30-59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 672 | 628 | |
All Other [Member] | 60-89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 67 | 262 | |
All Other [Member] | 90+ Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 222 | 105 | |
Consumer Mortgages [Member] | Real Estate [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 30,340 | 32,123 | |
Current | 2,519,649 | 2,440,079 | |
Total | 2,549,989 | 2,472,202 | |
90 Plus Days Past Due still Accruing | 1,502 | 1,655 | |
Consumer Mortgages [Member] | Real Estate [Member] | 30-59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 14,287 | 13,827 | |
Consumer Mortgages [Member] | Real Estate [Member] | 60-89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 4,648 | 4,692 | |
Consumer Mortgages [Member] | Real Estate [Member] | 90+ Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 11,405 | 13,604 | |
Home Equity [Member] | Real Estate [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 4,862 | 4,753 | |
Current | 609,824 | 584,999 | |
Total | 614,686 | 589,752 | |
Home Equity [Member] | Real Estate [Member] | 30-59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 2,290 | 2,589 | |
Home Equity [Member] | Real Estate [Member] | 60-89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 1,047 | 268 | |
Home Equity [Member] | Real Estate [Member] | 90+ Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 1,525 | 1,896 | |
Agricultural [Member] | Real Estate [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 571 | 315 | |
Current | 250,995 | 259,045 | |
Total | 251,566 | 259,360 | |
Agricultural [Member] | Real Estate [Member] | 30-59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 201 | 176 | |
Agricultural [Member] | Real Estate [Member] | 60-89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 176 | 139 | |
Agricultural [Member] | Real Estate [Member] | 90+ Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 194 | ||
Commercial And Industrial - Owner Occupied [Member] | Real Estate [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 12,820 | 8,328 | |
Current | 1,631,798 | 1,609,101 | |
Total | 1,644,618 | 1,617,429 | |
Commercial And Industrial - Owner Occupied [Member] | Real Estate [Member] | 30-59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 3,952 | 1,189 | |
Commercial And Industrial - Owner Occupied [Member] | Real Estate [Member] | 60-89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 336 | 3,105 | |
Commercial And Industrial - Owner Occupied [Member] | Real Estate [Member] | 90+ Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 8,532 | 4,034 | |
Construction, Acquisition And Development [Member] | Real Estate [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 2,073 | 3,633 | |
Current | 1,019,145 | 941,412 | |
Total | 1,021,218 | 945,045 | |
Construction, Acquisition And Development [Member] | Real Estate [Member] | 30-59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 1,027 | 1,017 | |
Construction, Acquisition And Development [Member] | Real Estate [Member] | 60-89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 266 | 207 | |
Construction, Acquisition And Development [Member] | Real Estate [Member] | 90+ Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 780 | 2,409 | |
Commercial Real Estate [Member] | Real Estate [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 5,238 | 9,313 | |
Current | 2,249,415 | 2,178,735 | |
Total | 2,254,653 | 2,188,048 | |
Commercial Real Estate [Member] | Real Estate [Member] | 30-59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 3,469 | 2,840 | |
Commercial Real Estate [Member] | Real Estate [Member] | 60-89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 307 | 187 | |
Commercial Real Estate [Member] | Real Estate [Member] | 90+ Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | $ 1,462 | $ 6,286 |
LOANS AND LEASES (Loan And Leas
LOANS AND LEASES (Loan And Lease Portfolio, Net Of Unearned Income, By Segment, Class And Internally Assigned Grade) (Details) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 | Jun. 30, 2015 |
Financing Receivable, Recorded Investment [Line Items] | |||
Total | $ 10,575,978 | $ 10,372,778 | $ 10,007,571 |
Pass [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 10,306,701 | ||
Special Mention [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 814 | ||
Substandard [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 227,113 | ||
Doubtful [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 730 | ||
Loss [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 384 | ||
Impaired [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 40,236 | ||
Commercial And Industrial [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 1,698,089 | 1,747,774 | |
Commercial And Industrial [Member] | Pass [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 1,654,279 | 1,721,118 | |
Commercial And Industrial [Member] | Substandard [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 36,866 | 19,529 | |
Commercial And Industrial [Member] | Doubtful [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 91 | ||
Commercial And Industrial [Member] | Loss [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 384 | ||
Commercial And Industrial [Member] | Impaired [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 6,469 | 7,127 | |
Real Estate [Member] | Consumer Mortgages [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 2,549,989 | 2,472,202 | |
Real Estate [Member] | Consumer Mortgages [Member] | Pass [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 2,482,105 | 2,399,081 | |
Real Estate [Member] | Consumer Mortgages [Member] | Special Mention [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 298 | ||
Real Estate [Member] | Consumer Mortgages [Member] | Substandard [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 66,614 | 68,768 | |
Real Estate [Member] | Consumer Mortgages [Member] | Doubtful [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 14 | 363 | |
Real Estate [Member] | Consumer Mortgages [Member] | Impaired [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 958 | 3,990 | |
Real Estate [Member] | Home Equity [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 614,686 | 589,752 | |
Real Estate [Member] | Home Equity [Member] | Pass [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 603,039 | 577,539 | |
Real Estate [Member] | Home Equity [Member] | Substandard [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 10,163 | 10,418 | |
Real Estate [Member] | Home Equity [Member] | Impaired [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 1,484 | 1,795 | |
Real Estate [Member] | Agricultural [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 251,566 | 259,360 | |
Real Estate [Member] | Agricultural [Member] | Pass [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 242,721 | 250,579 | |
Real Estate [Member] | Agricultural [Member] | Substandard [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 8,085 | 7,909 | |
Real Estate [Member] | Agricultural [Member] | Impaired [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 760 | 872 | |
Real Estate [Member] | Commercial And Industrial - Owner Occupied [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 1,644,618 | 1,617,429 | |
Real Estate [Member] | Commercial And Industrial - Owner Occupied [Member] | Pass [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 1,585,978 | 1,554,984 | |
Real Estate [Member] | Commercial And Industrial - Owner Occupied [Member] | Special Mention [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 516 | ||
Real Estate [Member] | Commercial And Industrial - Owner Occupied [Member] | Substandard [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 45,682 | 50,304 | |
Real Estate [Member] | Commercial And Industrial - Owner Occupied [Member] | Doubtful [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 375 | ||
Real Estate [Member] | Commercial And Industrial - Owner Occupied [Member] | Impaired [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 12,067 | 12,141 | |
Real Estate [Member] | Construction, Acquisition And Development [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 1,021,218 | 945,045 | |
Real Estate [Member] | Construction, Acquisition And Development [Member] | Pass [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 1,003,045 | 920,372 | |
Real Estate [Member] | Construction, Acquisition And Development [Member] | Substandard [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 12,809 | 17,090 | |
Real Estate [Member] | Construction, Acquisition And Development [Member] | Impaired [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 5,364 | 7,583 | |
Real Estate [Member] | Commercial Real Estate [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 2,254,653 | 2,188,048 | |
Real Estate [Member] | Commercial Real Estate [Member] | Pass [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 2,202,501 | 2,124,448 | |
Real Estate [Member] | Commercial Real Estate [Member] | Substandard [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 38,867 | 45,658 | |
Real Estate [Member] | Commercial Real Estate [Member] | Doubtful [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 151 | 161 | |
Real Estate [Member] | Commercial Real Estate [Member] | Impaired [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 13,134 | 17,781 | |
Credit Cards [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 108,101 | 112,165 | |
Credit Cards [Member] | Pass [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 108,101 | 112,165 | |
All Other [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 433,058 | 441,003 | |
All Other [Member] | Pass [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 424,932 | 433,333 | |
All Other [Member] | Substandard [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 8,027 | 7,465 | |
All Other [Member] | Doubtful [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | $ 99 | 102 | |
All Other [Member] | Impaired [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | $ 103 |
LOANS AND LEASES (Impaired Loan
LOANS AND LEASES (Impaired Loans And Leases, Net Of Unearned Income, By Segment And Class) (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended |
Jun. 30, 2016 | Jun. 30, 2016 | Dec. 31, 2015 | |
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment in Impaired Loans, With no related allowance | $ 29,090 | $ 29,090 | $ 36,392 |
Recorded Investment in Impaired Loans, With an allowance | 11,146 | 11,146 | 15,000 |
Recorded Investment in Impaired Loans, Total | 40,236 | 40,236 | 51,392 |
Unpaid Principal Balance of Impaired Loans, With no related allowance | 38,891 | 38,891 | 47,072 |
Unpaid Principal Balance of Impaired Loans, With an allowance | 11,457 | 11,457 | 15,732 |
Unpaid Principal Balance of Impaired Loans, Total | 50,348 | 50,348 | 62,804 |
Related Allowance for Credit Losses | 3,070 | 3,070 | 2,350 |
Average Recorded Investment, With no related allowance | 33,679 | 33,315 | 26,787 |
Average Recorded Investment, With an allowance | 11,647 | 14,415 | 10,466 |
Average Recorded Investment, Total | 45,326 | 47,730 | 37,253 |
Interest Income Recognized, With no related allowance | 183 | 361 | 640 |
Interest Income Recognized, With an allowance | 53 | 121 | 203 |
Interest Income Recognized, Total | 236 | 482 | 843 |
Impaired loans that were characterized as troubled debt restructurings | 14,100 | 14,100 | 15,100 |
Including Accruing TDRs [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment in Impaired Loans, With no related allowance | 29,090 | 29,090 | 36,392 |
Recorded Investment in Impaired Loans, With an allowance | 23,727 | 23,727 | 27,549 |
Recorded Investment in Impaired Loans, Total | 52,817 | 52,817 | 63,941 |
Unpaid Principal Balance of Impaired Loans, With no related allowance | 38,891 | 38,891 | 47,072 |
Unpaid Principal Balance of Impaired Loans, With an allowance | 25,144 | 25,144 | 29,172 |
Unpaid Principal Balance of Impaired Loans, Total | 64,035 | 64,035 | 76,244 |
Related Allowance for Credit Losses | 4,729 | 4,729 | 3,092 |
Average Recorded Investment, With no related allowance | 33,679 | 33,315 | 26,787 |
Average Recorded Investment, With an allowance | 24,051 | 26,585 | 24,651 |
Average Recorded Investment, Total | 57,730 | 59,900 | 51,438 |
Interest Income Recognized, With no related allowance | 183 | 361 | 640 |
Interest Income Recognized, With an allowance | 239 | 489 | 777 |
Interest Income Recognized, Total | 422 | 850 | 1,417 |
Commercial And Industrial [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment in Impaired Loans, With no related allowance | 5,968 | 5,968 | 7,055 |
Recorded Investment in Impaired Loans, With an allowance | 501 | 501 | 72 |
Recorded Investment in Impaired Loans, Total | 6,469 | 6,469 | 7,127 |
Unpaid Principal Balance of Impaired Loans, With no related allowance | 13,178 | 13,178 | 13,986 |
Unpaid Principal Balance of Impaired Loans, With an allowance | 812 | 812 | 383 |
Unpaid Principal Balance of Impaired Loans, Total | 13,990 | 13,990 | 14,369 |
Related Allowance for Credit Losses | 71 | 71 | 78 |
Average Recorded Investment, With no related allowance | 6,583 | 6,733 | 3,749 |
Average Recorded Investment, With an allowance | 1,946 | 1,228 | 3,635 |
Average Recorded Investment, Total | 8,529 | 7,961 | 7,384 |
Interest Income Recognized, With no related allowance | 29 | 53 | 95 |
Interest Income Recognized, With an allowance | 14 | 19 | 84 |
Interest Income Recognized, Total | 43 | 72 | 179 |
Commercial And Industrial [Member] | Including Accruing TDRs [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment in Impaired Loans, With no related allowance | 5,968 | 5,968 | 7,055 |
Recorded Investment in Impaired Loans, With an allowance | 3,850 | 3,850 | 968 |
Recorded Investment in Impaired Loans, Total | 9,818 | 9,818 | 8,023 |
Unpaid Principal Balance of Impaired Loans, With no related allowance | 13,178 | 13,178 | 13,986 |
Unpaid Principal Balance of Impaired Loans, With an allowance | 4,181 | 4,181 | 1,294 |
Unpaid Principal Balance of Impaired Loans, Total | 17,359 | 17,359 | 15,280 |
Related Allowance for Credit Losses | 165 | 165 | 181 |
Average Recorded Investment, With no related allowance | 6,583 | 6,733 | 3,749 |
Average Recorded Investment, With an allowance | 5,243 | 3,328 | 4,251 |
Average Recorded Investment, Total | 11,826 | 10,061 | 8,000 |
Interest Income Recognized, With no related allowance | 29 | 53 | 95 |
Interest Income Recognized, With an allowance | 49 | 63 | 114 |
Interest Income Recognized, Total | 78 | 116 | 209 |
Real Estate [Member] | Consumer Mortgages [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment in Impaired Loans, With no related allowance | 958 | 958 | 3,990 |
Recorded Investment in Impaired Loans, Total | 958 | 958 | 3,990 |
Unpaid Principal Balance of Impaired Loans, With no related allowance | 1,344 | 1,344 | 4,545 |
Unpaid Principal Balance of Impaired Loans, Total | 1,344 | 1,344 | 4,545 |
Average Recorded Investment, With no related allowance | 1,943 | 2,767 | 3,579 |
Average Recorded Investment, With an allowance | 348 | 368 | |
Average Recorded Investment, Total | 1,943 | 3,115 | 3,947 |
Interest Income Recognized, With no related allowance | 8 | 21 | 76 |
Interest Income Recognized, With an allowance | 9 | ||
Interest Income Recognized, Total | 8 | 21 | 85 |
Real Estate [Member] | Consumer Mortgages [Member] | Including Accruing TDRs [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment in Impaired Loans, With no related allowance | 958 | 958 | 3,990 |
Recorded Investment in Impaired Loans, With an allowance | 1,762 | 1,762 | 1,787 |
Recorded Investment in Impaired Loans, Total | 2,720 | 2,720 | 5,777 |
Unpaid Principal Balance of Impaired Loans, With no related allowance | 1,344 | 1,344 | 4,545 |
Unpaid Principal Balance of Impaired Loans, With an allowance | 2,023 | 2,023 | 1,896 |
Unpaid Principal Balance of Impaired Loans, Total | 3,367 | 3,367 | 6,441 |
Related Allowance for Credit Losses | 332 | 332 | 226 |
Average Recorded Investment, With no related allowance | 1,943 | 2,767 | 3,579 |
Average Recorded Investment, With an allowance | 1,458 | 1,856 | 2,056 |
Average Recorded Investment, Total | 3,401 | 4,623 | 5,635 |
Interest Income Recognized, With no related allowance | 8 | 21 | 76 |
Interest Income Recognized, With an allowance | 11 | 22 | 75 |
Interest Income Recognized, Total | 19 | 43 | 151 |
Real Estate [Member] | Home Equity [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment in Impaired Loans, With no related allowance | 1,484 | 1,484 | 1,795 |
Recorded Investment in Impaired Loans, Total | 1,484 | 1,484 | 1,795 |
Unpaid Principal Balance of Impaired Loans, With no related allowance | 1,599 | 1,599 | 1,795 |
Unpaid Principal Balance of Impaired Loans, Total | 1,599 | 1,599 | 1,795 |
Average Recorded Investment, With no related allowance | 1,363 | 1,578 | 744 |
Average Recorded Investment, With an allowance | 261 | 131 | 668 |
Average Recorded Investment, Total | 1,624 | 1,709 | 1,412 |
Interest Income Recognized, With no related allowance | 1 | 5 | 7 |
Interest Income Recognized, With an allowance | 1 | 1 | 15 |
Interest Income Recognized, Total | 2 | 6 | 22 |
Real Estate [Member] | Home Equity [Member] | Including Accruing TDRs [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment in Impaired Loans, With no related allowance | 1,485 | 1,485 | 1,795 |
Recorded Investment in Impaired Loans, With an allowance | 3 | 3 | 20 |
Recorded Investment in Impaired Loans, Total | 1,488 | 1,488 | 1,815 |
Unpaid Principal Balance of Impaired Loans, With no related allowance | 1,599 | 1,599 | 1,795 |
Unpaid Principal Balance of Impaired Loans, With an allowance | 13 | 13 | 30 |
Unpaid Principal Balance of Impaired Loans, Total | 1,612 | 1,612 | 1,825 |
Related Allowance for Credit Losses | 1 | 1 | 3 |
Average Recorded Investment, With no related allowance | 1,363 | 1,578 | 744 |
Average Recorded Investment, With an allowance | 277 | 149 | 674 |
Average Recorded Investment, Total | 1,640 | 1,727 | 1,418 |
Interest Income Recognized, With no related allowance | 1 | 5 | 7 |
Interest Income Recognized, With an allowance | 1 | 1 | 15 |
Interest Income Recognized, Total | 2 | 6 | 22 |
Real Estate [Member] | Agricultural [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment in Impaired Loans, With no related allowance | 254 | 254 | 322 |
Recorded Investment in Impaired Loans, With an allowance | 506 | 506 | 550 |
Recorded Investment in Impaired Loans, Total | 760 | 760 | 872 |
Unpaid Principal Balance of Impaired Loans, With no related allowance | 311 | 311 | 380 |
Unpaid Principal Balance of Impaired Loans, With an allowance | 506 | 506 | 550 |
Unpaid Principal Balance of Impaired Loans, Total | 817 | 817 | 930 |
Related Allowance for Credit Losses | 124 | 124 | 159 |
Average Recorded Investment, With no related allowance | 271 | 291 | 142 |
Average Recorded Investment, With an allowance | 521 | 535 | 47 |
Average Recorded Investment, Total | 792 | 826 | 189 |
Interest Income Recognized, With no related allowance | 1 | 4 | 6 |
Interest Income Recognized, Total | 1 | 4 | 6 |
Real Estate [Member] | Agricultural [Member] | Including Accruing TDRs [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment in Impaired Loans, With no related allowance | 253 | 253 | 322 |
Recorded Investment in Impaired Loans, With an allowance | 591 | 591 | 586 |
Recorded Investment in Impaired Loans, Total | 844 | 844 | 908 |
Unpaid Principal Balance of Impaired Loans, With no related allowance | 311 | 311 | 380 |
Unpaid Principal Balance of Impaired Loans, With an allowance | 591 | 591 | 586 |
Unpaid Principal Balance of Impaired Loans, Total | 902 | 902 | 966 |
Related Allowance for Credit Losses | 150 | 150 | 162 |
Average Recorded Investment, With no related allowance | 271 | 291 | 142 |
Average Recorded Investment, With an allowance | 612 | 596 | 56 |
Average Recorded Investment, Total | 883 | 887 | 198 |
Interest Income Recognized, With no related allowance | 1 | 4 | 6 |
Interest Income Recognized, With an allowance | 1 | 2 | |
Interest Income Recognized, Total | 2 | 6 | 6 |
Real Estate [Member] | Commercial And Industrial - Owner Occupied [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment in Impaired Loans, With no related allowance | 12,067 | 12,067 | 12,141 |
Recorded Investment in Impaired Loans, Total | 12,067 | 12,067 | 12,141 |
Unpaid Principal Balance of Impaired Loans, With no related allowance | 13,735 | 13,735 | 13,332 |
Unpaid Principal Balance of Impaired Loans, Total | 13,735 | 13,735 | 13,332 |
Related Allowance for Credit Losses | 326 | ||
Average Recorded Investment, With no related allowance | 11,608 | 10,913 | 6,904 |
Average Recorded Investment, With an allowance | 1,146 | 1,489 | 1,866 |
Average Recorded Investment, Total | 12,754 | 12,402 | 8,770 |
Interest Income Recognized, With no related allowance | 96 | 204 | 226 |
Interest Income Recognized, With an allowance | 51 | ||
Interest Income Recognized, Total | 96 | 204 | 277 |
Real Estate [Member] | Commercial And Industrial - Owner Occupied [Member] | Including Accruing TDRs [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment in Impaired Loans, With no related allowance | 12,067 | 12,067 | 12,141 |
Recorded Investment in Impaired Loans, With an allowance | 2,922 | 2,922 | 5,900 |
Recorded Investment in Impaired Loans, Total | 14,989 | 14,989 | 18,041 |
Unpaid Principal Balance of Impaired Loans, With no related allowance | 13,735 | 13,735 | 13,332 |
Unpaid Principal Balance of Impaired Loans, With an allowance | 3,482 | 3,482 | 6,245 |
Unpaid Principal Balance of Impaired Loans, Total | 17,217 | 17,217 | 19,577 |
Related Allowance for Credit Losses | 207 | 207 | 518 |
Average Recorded Investment, With no related allowance | 11,608 | 10,913 | 6,904 |
Average Recorded Investment, With an allowance | 4,014 | 5,680 | 6,816 |
Average Recorded Investment, Total | 15,622 | 16,593 | 13,720 |
Interest Income Recognized, With no related allowance | 96 | 204 | 226 |
Interest Income Recognized, With an allowance | 16 | 61 | 235 |
Interest Income Recognized, Total | 112 | 265 | 461 |
Real Estate [Member] | Construction, Acquisition And Development [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment in Impaired Loans, With no related allowance | 5,135 | 5,135 | 5,969 |
Recorded Investment in Impaired Loans, With an allowance | 229 | 229 | 1,614 |
Recorded Investment in Impaired Loans, Total | 5,364 | 5,364 | 7,583 |
Unpaid Principal Balance of Impaired Loans, With no related allowance | 5,135 | 5,135 | 6,052 |
Unpaid Principal Balance of Impaired Loans, With an allowance | 229 | 229 | 1,614 |
Unpaid Principal Balance of Impaired Loans, Total | 5,364 | 5,364 | 7,666 |
Related Allowance for Credit Losses | 4 | 4 | 677 |
Average Recorded Investment, With no related allowance | 5,374 | 5,600 | 3,553 |
Average Recorded Investment, With an allowance | 229 | 686 | 300 |
Average Recorded Investment, Total | 5,603 | 6,286 | 3,853 |
Interest Income Recognized, With no related allowance | 1 | 4 | 25 |
Interest Income Recognized, Total | 1 | 4 | 25 |
Real Estate [Member] | Construction, Acquisition And Development [Member] | Including Accruing TDRs [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment in Impaired Loans, With no related allowance | 5,135 | 5,135 | 5,969 |
Recorded Investment in Impaired Loans, With an allowance | 1,585 | 1,585 | 3,328 |
Recorded Investment in Impaired Loans, Total | 6,720 | 6,720 | 9,297 |
Unpaid Principal Balance of Impaired Loans, With no related allowance | 5,135 | 5,135 | 6,052 |
Unpaid Principal Balance of Impaired Loans, With an allowance | 1,585 | 1,585 | 3,328 |
Unpaid Principal Balance of Impaired Loans, Total | 6,720 | 6,720 | 9,380 |
Related Allowance for Credit Losses | 47 | 47 | 721 |
Average Recorded Investment, With no related allowance | 5,374 | 5,600 | 3,553 |
Average Recorded Investment, With an allowance | 1,595 | 2,067 | 1,759 |
Average Recorded Investment, Total | 6,969 | 7,667 | 5,312 |
Interest Income Recognized, With no related allowance | 1 | 4 | 25 |
Interest Income Recognized, With an allowance | 10 | 20 | 42 |
Interest Income Recognized, Total | 11 | 24 | 67 |
Real Estate [Member] | Commercial Real Estate [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment in Impaired Loans, With no related allowance | 3,224 | 3,224 | 5,017 |
Recorded Investment in Impaired Loans, With an allowance | 9,910 | 9,910 | 12,764 |
Recorded Investment in Impaired Loans, Total | 13,134 | 13,134 | 17,781 |
Unpaid Principal Balance of Impaired Loans, With no related allowance | 3,589 | 3,589 | 6,879 |
Unpaid Principal Balance of Impaired Loans, With an allowance | 9,910 | 9,910 | 13,185 |
Unpaid Principal Balance of Impaired Loans, Total | 13,499 | 13,499 | 20,064 |
Related Allowance for Credit Losses | 2,871 | 2,871 | 1,110 |
Average Recorded Investment, With no related allowance | 6,537 | 5,433 | 7,944 |
Average Recorded Investment, With an allowance | 7,544 | 9,998 | 3,582 |
Average Recorded Investment, Total | 14,081 | 15,431 | 11,526 |
Interest Income Recognized, With no related allowance | 47 | 70 | 202 |
Interest Income Recognized, With an allowance | 38 | 101 | 44 |
Interest Income Recognized, Total | 85 | 171 | 246 |
Real Estate [Member] | Commercial Real Estate [Member] | Including Accruing TDRs [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment in Impaired Loans, With no related allowance | 3,224 | 3,224 | 5,017 |
Recorded Investment in Impaired Loans, With an allowance | 11,221 | 11,221 | 13,616 |
Recorded Investment in Impaired Loans, Total | 14,445 | 14,445 | 18,633 |
Unpaid Principal Balance of Impaired Loans, With no related allowance | 3,589 | 3,589 | 6,879 |
Unpaid Principal Balance of Impaired Loans, With an allowance | 11,434 | 11,434 | 14,250 |
Unpaid Principal Balance of Impaired Loans, Total | 15,023 | 15,023 | 21,129 |
Related Allowance for Credit Losses | 3,784 | 3,784 | 1,217 |
Average Recorded Investment, With no related allowance | 6,537 | 5,433 | 7,944 |
Average Recorded Investment, With an allowance | 9,072 | 11,142 | 7,802 |
Average Recorded Investment, Total | 15,609 | 16,575 | 15,746 |
Interest Income Recognized, With no related allowance | 47 | 70 | 202 |
Interest Income Recognized, With an allowance | 54 | 125 | 187 |
Interest Income Recognized, Total | 101 | 195 | 389 |
Credit Cards [Member] | Including Accruing TDRs [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment in Impaired Loans, With an allowance | 902 | 902 | 939 |
Recorded Investment in Impaired Loans, Total | 902 | 902 | 939 |
Unpaid Principal Balance of Impaired Loans, With an allowance | 902 | 902 | 939 |
Unpaid Principal Balance of Impaired Loans, Total | 902 | 902 | 939 |
Related Allowance for Credit Losses | 29 | 29 | 34 |
Average Recorded Investment, With an allowance | 885 | 921 | 1,024 |
Average Recorded Investment, Total | 885 | 921 | 1,024 |
Interest Income Recognized, With an allowance | 89 | 179 | 102 |
Interest Income Recognized, Total | 89 | 179 | 102 |
All Other [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment in Impaired Loans, With no related allowance | 103 | ||
Recorded Investment in Impaired Loans, Total | 103 | ||
Unpaid Principal Balance of Impaired Loans, With no related allowance | 103 | ||
Unpaid Principal Balance of Impaired Loans, Total | 103 | ||
Average Recorded Investment, With no related allowance | 172 | ||
Average Recorded Investment, Total | 172 | ||
Interest Income Recognized, With no related allowance | 3 | ||
Interest Income Recognized, Total | 3 | ||
All Other [Member] | Including Accruing TDRs [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment in Impaired Loans, With no related allowance | 103 | ||
Recorded Investment in Impaired Loans, With an allowance | 891 | 891 | 405 |
Recorded Investment in Impaired Loans, Total | 891 | 891 | 508 |
Unpaid Principal Balance of Impaired Loans, With no related allowance | 103 | ||
Unpaid Principal Balance of Impaired Loans, With an allowance | 933 | 933 | 604 |
Unpaid Principal Balance of Impaired Loans, Total | 933 | 933 | 707 |
Related Allowance for Credit Losses | 14 | 14 | 30 |
Average Recorded Investment, With no related allowance | 172 | ||
Average Recorded Investment, With an allowance | 895 | 846 | 213 |
Average Recorded Investment, Total | 895 | 846 | 385 |
Interest Income Recognized, With no related allowance | 3 | ||
Interest Income Recognized, With an allowance | 8 | 16 | 7 |
Interest Income Recognized, Total | $ 8 | $ 16 | $ 10 |
LOANS AND LEASES (Non-Performin
LOANS AND LEASES (Non-Performing Loans And Leases) (Details) - USD ($) $ in Thousands | 3 Months Ended | ||
Jun. 30, 2016 | Dec. 31, 2015 | Jun. 30, 2015 | |
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total | $ 10,575,978 | $ 10,372,778 | $ 10,007,571 |
Non-accrual loans and leases | $ 68,638 | 83,028 | 67,766 |
Days past due of principal or interest at which loans and leases may be placed in non-accrual status | 90 days | ||
Non-Performing [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Non-accrual loans and leases | $ 68,638 | 83,028 | 67,766 |
Total | 80,200 | 94,917 | 79,443 |
Non-Performing [Member] | 90+ Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Still accruing | 1,875 | 2,013 | 1,568 |
Non-Performing [Member] | Restructured Loans And Leases [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Still accruing | 9,687 | 9,876 | 10,109 |
Commercial And Industrial [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total | 1,698,089 | 1,747,774 | |
Non-accrual loans and leases | 8,675 | 8,493 | 9,740 |
Real Estate [Member] | Consumer Mortgages [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total | 2,549,989 | 2,472,202 | |
Non-accrual loans and leases | 19,309 | 21,637 | 21,636 |
Real Estate [Member] | Home Equity [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total | 614,686 | 589,752 | |
Non-accrual loans and leases | 2,734 | 4,021 | 3,550 |
Real Estate [Member] | Agricultural [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total | 251,566 | 259,360 | |
Non-accrual loans and leases | 1,107 | 921 | 259 |
Real Estate [Member] | Commercial And Industrial - Owner Occupied [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total | 1,644,618 | 1,617,429 | |
Non-accrual loans and leases | 16,021 | 16,512 | 14,007 |
Real Estate [Member] | Construction, Acquisition And Development [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total | 1,021,218 | 945,045 | |
Non-accrual loans and leases | 6,086 | 9,130 | 5,411 |
Real Estate [Member] | Commercial Real Estate [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total | 2,254,653 | 2,188,048 | |
Non-accrual loans and leases | 14,197 | 21,741 | 12,397 |
Credit Cards [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total | 108,101 | 112,165 | |
Non-accrual loans and leases | 159 | 188 | 157 |
All Other [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total | 433,058 | 441,003 | |
Non-accrual loans and leases | $ 350 | $ 385 | $ 609 |
LOANS AND LEASES (Troubled Debt
LOANS AND LEASES (Troubled Debt Restructurings) (Details) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended |
Jun. 30, 2016USD ($)contract | Jun. 30, 2016USD ($)contract | Dec. 31, 2015USD ($)contract | |
Financing Receivable, Modifications [Line Items] | |||
Number of Contracts | contract | 20 | 31 | 68 |
Pre-Modification Outstanding Recorded Investment | $ 4,850 | $ 9,017 | $ 21,992 |
Post-Modification Outstanding Recorded Investment | $ 4,762 | $ 6,560 | $ 21,428 |
Number of Contracts | contract | 3 | 9 | 9 |
Recorded Investment | $ 140 | $ 9,947 | $ 1,044 |
Commercial And Industrial [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of Contracts | contract | 6 | 9 | 11 |
Pre-Modification Outstanding Recorded Investment | $ 2,630 | $ 3,236 | $ 1,472 |
Post-Modification Outstanding Recorded Investment | $ 2,569 | $ 3,174 | $ 1,452 |
Number of Contracts | contract | 1 | ||
Recorded Investment | $ 84 | ||
Real Estate [Member] | Consumer Mortgages [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of Contracts | contract | 8 | 12 | 21 |
Pre-Modification Outstanding Recorded Investment | $ 604 | $ 723 | $ 1,230 |
Post-Modification Outstanding Recorded Investment | $ 586 | $ 704 | $ 1,144 |
Number of Contracts | contract | 2 | 4 | 4 |
Recorded Investment | $ 125 | $ 172 | $ 226 |
Real Estate [Member] | Home Equity [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of Contracts | contract | 1 | 1 | 1 |
Pre-Modification Outstanding Recorded Investment | $ 3 | $ 3 | $ 20 |
Post-Modification Outstanding Recorded Investment | $ 3 | $ 3 | $ 20 |
Real Estate [Member] | Agricultural [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of Contracts | contract | 1 | 1 | 3 |
Pre-Modification Outstanding Recorded Investment | $ 67 | $ 67 | $ 37 |
Post-Modification Outstanding Recorded Investment | $ 67 | $ 67 | $ 36 |
Number of Contracts | contract | 1 | ||
Recorded Investment | $ 20 | ||
Real Estate [Member] | Commercial And Industrial - Owner Occupied [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of Contracts | contract | 3 | 3 | 13 |
Pre-Modification Outstanding Recorded Investment | $ 585 | $ 585 | $ 6,357 |
Post-Modification Outstanding Recorded Investment | $ 581 | $ 581 | $ 6,329 |
Number of Contracts | contract | 1 | 1 | |
Recorded Investment | $ 406 | $ 517 | |
Real Estate [Member] | Construction, Acquisition And Development [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of Contracts | contract | 3 | ||
Pre-Modification Outstanding Recorded Investment | $ 217 | ||
Post-Modification Outstanding Recorded Investment | $ 215 | ||
Number of Contracts | contract | 1 | ||
Recorded Investment | $ 14 | ||
Real Estate [Member] | Commercial Real Estate [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of Contracts | contract | 1 | 2 | 9 |
Pre-Modification Outstanding Recorded Investment | $ 961 | $ 3,687 | $ 12,565 |
Post-Modification Outstanding Recorded Investment | $ 956 | $ 1,318 | $ 12,144 |
Number of Contracts | contract | 1 | 2 | |
Recorded Investment | $ 9,335 | $ 197 | |
All Other [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of Contracts | contract | 3 | 7 | |
Pre-Modification Outstanding Recorded Investment | $ 716 | $ 94 | |
Post-Modification Outstanding Recorded Investment | $ 713 | $ 88 | |
Number of Contracts | contract | 1 | 2 | |
Recorded Investment | $ 15 | $ 20 |
ALLOWANCE FOR CREDIT LOSSES (Ch
ALLOWANCE FOR CREDIT LOSSES (Changes In The Allowance For Credit Losses By Segment And Class) (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | Dec. 31, 2015 | |
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Balance at beginning of period | $ 126,458 | $ 142,443 | $ 142,443 | ||
Charge-offs | (7,543) | (9,797) | (26,719) | ||
Recoveries | 5,020 | 15,666 | 23,734 | ||
Provision | $ 2,000 | $ (5,000) | 3,000 | (10,000) | (13,000) |
Balance at end of period | 126,935 | 138,312 | 126,935 | 138,312 | 126,458 |
Commercial And Industrial [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Balance at beginning of period | 17,583 | 21,419 | 21,419 | ||
Charge-offs | (888) | (1,819) | (10,022) | ||
Recoveries | 551 | 784 | 2,035 | ||
Provision | 473 | 1,094 | 4,151 | ||
Balance at end of period | 17,719 | 21,478 | 17,719 | 21,478 | 17,583 |
Real Estate [Member] | Consumer Mortgages [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Balance at beginning of period | 33,198 | 40,015 | 40,015 | ||
Charge-offs | (1,187) | (1,467) | (3,995) | ||
Recoveries | 954 | 1,652 | 2,693 | ||
Provision | 260 | (1,895) | (5,515) | ||
Balance at end of period | 33,225 | 38,305 | 33,225 | 38,305 | 33,198 |
Real Estate [Member] | Home Equity [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Balance at beginning of period | 6,949 | 9,542 | 9,542 | ||
Charge-offs | (774) | (743) | (1,204) | ||
Recoveries | 326 | 426 | 639 | ||
Provision | 666 | 408 | (2,028) | ||
Balance at end of period | 7,167 | 9,633 | 7,167 | 9,633 | 6,949 |
Real Estate [Member] | Agricultural [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Balance at beginning of period | 2,524 | 3,420 | 3,420 | ||
Charge-offs | (21) | (8) | (33) | ||
Recoveries | 132 | 305 | 384 | ||
Provision | (272) | (678) | (1,247) | ||
Balance at end of period | 2,363 | 3,039 | 2,363 | 3,039 | 2,524 |
Real Estate [Member] | Commercial And Industrial - Owner Occupied [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Balance at beginning of period | 14,607 | 16,325 | 16,325 | ||
Charge-offs | (814) | (798) | (1,800) | ||
Recoveries | 226 | 696 | 2,834 | ||
Provision | (377) | 1,121 | (2,752) | ||
Balance at end of period | 13,642 | 17,344 | 13,642 | 17,344 | 14,607 |
Real Estate [Member] | Construction, Acquisition And Development [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Balance at beginning of period | 15,925 | 9,885 | 9,885 | ||
Charge-offs | (506) | (615) | (1,039) | ||
Recoveries | 796 | 9,582 | 11,727 | ||
Provision | (679) | (9,061) | (4,648) | ||
Balance at end of period | 15,536 | 9,791 | 15,536 | 9,791 | 15,925 |
Real Estate [Member] | Commercial Real Estate [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Balance at beginning of period | 25,508 | 23,562 | 23,562 | ||
Charge-offs | (1,115) | (2,124) | (3,723) | ||
Recoveries | 1,192 | 1,320 | 1,656 | ||
Provision | 2,103 | (963) | 4,013 | ||
Balance at end of period | 27,688 | 21,795 | 27,688 | 21,795 | 25,508 |
Credit Cards [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Balance at beginning of period | 4,047 | 6,514 | 6,514 | ||
Charge-offs | (1,334) | (1,203) | (2,632) | ||
Recoveries | 380 | 336 | 658 | ||
Provision | 346 | (134) | (493) | ||
Balance at end of period | 3,439 | 5,513 | 3,439 | 5,513 | 4,047 |
All Other [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Balance at beginning of period | 6,117 | 11,761 | 11,761 | ||
Charge-offs | (904) | (1,020) | (2,271) | ||
Recoveries | 463 | 565 | 1,108 | ||
Provision | 480 | 108 | (4,481) | ||
Balance at end of period | $ 6,156 | $ 11,414 | $ 6,156 | $ 11,414 | $ 6,117 |
ALLOWANCE FOR CREDIT LOSSES (Al
ALLOWANCE FOR CREDIT LOSSES (Allowance For Credit Losses By Segment, Class And Impairment Status) (Details) - USD ($) | Jun. 30, 2016 | Dec. 31, 2015 | Jun. 30, 2015 | Dec. 31, 2014 |
Financing Receivable, Impaired [Line Items] | ||||
Recorded balance of impaired loans | $ 40,236,000 | $ 51,392,000 | ||
Allowance for impaired loans and leases | 3,070,000 | 2,350,000 | ||
Total allowance | 126,935,000 | 126,458,000 | $ 138,312,000 | $ 142,443,000 |
Evaluated for impairment threshold | 500,000 | |||
Commercial And Industrial [Member] | ||||
Financing Receivable, Impaired [Line Items] | ||||
Recorded balance of impaired loans | 6,469,000 | 7,127,000 | ||
Allowance for impaired loans and leases | 71,000 | 78,000 | ||
Allowance for all other loans and leases | 17,648,000 | 17,505,000 | ||
Total allowance | 17,719,000 | 17,583,000 | 21,478,000 | 21,419,000 |
Credit Cards [Member] | ||||
Financing Receivable, Impaired [Line Items] | ||||
Allowance for all other loans and leases | 3,439,000 | 4,047,000 | ||
Total allowance | 3,439,000 | 4,047,000 | 5,513,000 | 6,514,000 |
All Other [Member] | ||||
Financing Receivable, Impaired [Line Items] | ||||
Recorded balance of impaired loans | 103,000 | |||
Allowance for all other loans and leases | 6,156,000 | 6,117,000 | ||
Total allowance | 6,156,000 | 6,117,000 | 11,414,000 | 11,761,000 |
Consumer Mortgages [Member] | Real Estate [Member] | ||||
Financing Receivable, Impaired [Line Items] | ||||
Recorded balance of impaired loans | 958,000 | 3,990,000 | ||
Allowance for all other loans and leases | 33,225,000 | 33,198,000 | ||
Total allowance | 33,225,000 | 33,198,000 | 38,305,000 | 40,015,000 |
Home Equity [Member] | Real Estate [Member] | ||||
Financing Receivable, Impaired [Line Items] | ||||
Recorded balance of impaired loans | 1,484,000 | 1,795,000 | ||
Allowance for all other loans and leases | 7,167,000 | 6,949,000 | ||
Total allowance | 7,167,000 | 6,949,000 | 9,633,000 | 9,542,000 |
Agricultural [Member] | Real Estate [Member] | ||||
Financing Receivable, Impaired [Line Items] | ||||
Recorded balance of impaired loans | 760,000 | 872,000 | ||
Allowance for impaired loans and leases | 124,000 | 159,000 | ||
Allowance for all other loans and leases | 2,239,000 | 2,365,000 | ||
Total allowance | 2,363,000 | 2,524,000 | 3,039,000 | 3,420,000 |
Commercial And Industrial - Owner Occupied [Member] | Real Estate [Member] | ||||
Financing Receivable, Impaired [Line Items] | ||||
Recorded balance of impaired loans | 12,067,000 | 12,141,000 | ||
Allowance for impaired loans and leases | 326,000 | |||
Allowance for all other loans and leases | 13,642,000 | 14,281,000 | ||
Total allowance | 13,642,000 | 14,607,000 | 17,344,000 | 16,325,000 |
Construction, Acquisition And Development [Member] | Real Estate [Member] | ||||
Financing Receivable, Impaired [Line Items] | ||||
Recorded balance of impaired loans | 5,364,000 | 7,583,000 | ||
Allowance for impaired loans and leases | 4,000 | 677,000 | ||
Allowance for all other loans and leases | 15,532,000 | 15,248,000 | ||
Total allowance | 15,536,000 | 15,925,000 | 9,791,000 | 9,885,000 |
Commercial Real Estate [Member] | Real Estate [Member] | ||||
Financing Receivable, Impaired [Line Items] | ||||
Recorded balance of impaired loans | 13,134,000 | 17,781,000 | ||
Allowance for impaired loans and leases | 2,871,000 | 1,110,000 | ||
Allowance for all other loans and leases | 24,817,000 | 24,398,000 | ||
Total allowance | $ 27,688,000 | $ 25,508,000 | $ 21,795,000 | $ 23,562,000 |
OTHER REAL ESTATE OWNED (Activi
OTHER REAL ESTATE OWNED (Activity In Other Real Estate Owned) (Details) - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended | |
Jun. 30, 2016 | Jun. 30, 2015 | Dec. 31, 2015 | |
OTHER REAL ESTATE OWNED [Abstract] | |||
Balance at beginning of period | $ 14,759 | $ 33,984 | $ 33,984 |
New foreclosed properties | 7,874 | 4,534 | 7,422 |
Sales | (6,505) | (11,010) | (20,649) |
Writedowns | (1,470) | (3,209) | (5,998) |
Balance at end of period | $ 14,658 | $ 24,299 | $ 14,759 |
OTHER REAL ESTATE OWNED (Other
OTHER REAL ESTATE OWNED (Other Real Estate Owned By Segment And Class) (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 | Dec. 31, 2014 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Total | $ 14,658 | $ 24,299 | $ 14,658 | $ 24,299 | $ 14,759 | $ 33,984 |
Total foreclosed property expenses | 1,309 | 1,625 | 2,490 | 3,596 | ||
Realized net losses on dispositions and holding losses on valuations of foreclosed properties | 886 | 1,200 | (1,729) | (2,634) | ||
Consumer Mortgages [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Total | 2,109 | 2,048 | 2,109 | 2,048 | 2,477 | |
Home Equity [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Total | 654 | 101 | 654 | 101 | 101 | |
Agricultural [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Total | 25 | 25 | 25 | 25 | 25 | |
Commercial And Industrial - Owner Occupied [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Total | 1,272 | 1,214 | 1,272 | 1,214 | 1,074 | |
Construction, Acquisition And Development [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Total | 8,051 | 19,639 | 8,051 | 19,639 | 10,212 | |
Commercial Real Estate [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Total | 2,312 | 1,069 | 2,312 | 1,069 | 678 | |
Commercial And Industrial [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Total | 74 | 84 | 74 | 84 | 84 | |
All Other [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Total | $ 161 | $ 119 | $ 161 | $ 119 | $ 108 |
SECURITIES (Amortized Cost And
SECURITIES (Amortized Cost And Estimated Fair Values Of Available-For-Sale Securities) (Details) - USD ($) $ in Thousands | 6 Months Ended | ||
Jun. 30, 2016 | Jun. 30, 2015 | Dec. 31, 2015 | |
Schedule of Available-for-sale Securities [Line Items] | |||
Amortized Cost | $ 2,060,962 | $ 2,218,468 | $ 2,059,445 |
Gross Unrealized Gains | 43,025 | 35,632 | 28,855 |
Gross Unrealized Losses | 104 | 2,947 | 5,971 |
Estimated Fair Value | 2,103,883 | 2,251,153 | 2,082,329 |
Gross gains recognized on available-for-sale securities | 88 | 55 | |
US Government Agencies [Member] | |||
Schedule of Available-for-sale Securities [Line Items] | |||
Amortized Cost | 1,302,238 | 1,331,589 | 1,246,261 |
Gross Unrealized Gains | 8,565 | 5,341 | 826 |
Gross Unrealized Losses | 84 | 2,447 | |
Estimated Fair Value | 1,310,803 | 1,336,846 | 1,244,640 |
Government Agency Issued Residential Mortgage-Backed Securities [Member] | |||
Schedule of Available-for-sale Securities [Line Items] | |||
Amortized Cost | 177,195 | 214,390 | 138,759 |
Gross Unrealized Gains | 3,066 | 3,518 | 1,957 |
Gross Unrealized Losses | 83 | 717 | 176 |
Estimated Fair Value | 180,178 | 217,191 | 140,540 |
Government Agency Issued Commercial Mortgage-Backed Securities [Member] | |||
Schedule of Available-for-sale Securities [Line Items] | |||
Amortized Cost | 188,222 | 224,386 | 261,544 |
Gross Unrealized Gains | 5,268 | 2,064 | 2,414 |
Gross Unrealized Losses | 15 | 2,000 | 3,265 |
Estimated Fair Value | 193,475 | 224,450 | 260,693 |
Obligations Of States And Political Subdivisions [Member] | |||
Schedule of Available-for-sale Securities [Line Items] | |||
Amortized Cost | 374,134 | 434,980 | 394,769 |
Gross Unrealized Gains | 25,263 | 23,488 | 22,813 |
Gross Unrealized Losses | 6 | 146 | 83 |
Estimated Fair Value | 399,391 | 458,322 | 417,499 |
Other [Member] | |||
Schedule of Available-for-sale Securities [Line Items] | |||
Amortized Cost | 19,173 | 13,123 | 18,112 |
Gross Unrealized Gains | 863 | 1,221 | 845 |
Estimated Fair Value | $ 20,036 | $ 14,344 | $ 18,957 |
SECURITIES (Amortized Cost An49
SECURITIES (Amortized Cost And Estimated Fair Value Of Available-For-Sale Securities By Contractual Maturity) (Details) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 | Jun. 30, 2015 |
SECURITIES [Abstract] | |||
Maturing in one year or less, Amortized Cost | $ 380,547 | ||
Maturing after one year through five years, Amortized Cost | 1,023,283 | ||
Maturing after five years through ten years, Amortized Cost | 49,906 | ||
Maturing after ten years, Amortized Cost | 241,809 | ||
Mortgage-backed securities, Amortized Cost | 365,417 | ||
Amortized Cost | 2,060,962 | $ 2,059,445 | $ 2,218,468 |
Maturing in one year or less, Estimated Fair Value | 381,075 | ||
Maturing after one year through five years, Estimated Fair Value | 1,033,003 | ||
Maturing after five years through ten years, Estimated Fair Value | 53,281 | ||
Maturing after ten years, Estimated Fair Value | 262,871 | ||
Mortgage-backed securities, Estimated Fair Value | 373,653 | ||
Estimated Fair Value | $ 2,103,883 | $ 2,082,329 | $ 2,251,153 |
Maturing in one year or less, Weighted Average Yield | 0.91% | ||
Maturing after one year through five years, Weighted Average Yield | 1.36% | ||
Maturing after five years through ten years, Weighted Average Yield | 5.77% | ||
Maturing after ten years, Weighted Average Yield | 5.72% | ||
Mortgage-backed securities, Weighted Average Yield | 2.08% |
SECURITIES (Temporarily Impaire
SECURITIES (Temporarily Impaired Available-For-Sale Securities With Continuous Unrealized Loss Positions) (Details) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 |
Schedule of Available-for-sale Securities [Line Items] | ||
Less Than 12 Months, Fair Value | $ 36,477 | $ 1,004,003 |
12 Months or Longer, Fair Value | 5,349 | 34,022 |
Total, Fair Value | 41,826 | 1,038,025 |
Less Than 12 Months, Unrealized Losses | 95 | 5,403 |
12 Months or Longer, Unrealized Losses | 9 | 568 |
Total, Unrealized Losses | 104 | 5,971 |
US Government Agencies [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Less Than 12 Months, Fair Value | 762,568 | |
Total, Fair Value | 762,568 | |
Less Than 12 Months, Unrealized Losses | 2,447 | |
Total, Unrealized Losses | 2,447 | |
Government Agency Issued Residential Mortgage-Backed Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Less Than 12 Months, Fair Value | 21,771 | 34,238 |
12 Months or Longer, Fair Value | 4,691 | |
Total, Fair Value | 26,462 | 34,238 |
Less Than 12 Months, Unrealized Losses | 76 | 176 |
12 Months or Longer, Unrealized Losses | 7 | |
Total, Unrealized Losses | 83 | 176 |
Government Agency Issued Commercial Mortgage-Backed Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Less Than 12 Months, Fair Value | 14,049 | 193,621 |
12 Months or Longer, Fair Value | 658 | 31,166 |
Total, Fair Value | 14,707 | 224,787 |
Less Than 12 Months, Unrealized Losses | 13 | 2,710 |
12 Months or Longer, Unrealized Losses | 2 | 555 |
Total, Unrealized Losses | 15 | 3,265 |
Obligations Of States And Political Subdivisions [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Less Than 12 Months, Fair Value | 657 | 13,576 |
12 Months or Longer, Fair Value | 2,856 | |
Total, Fair Value | 657 | 16,432 |
Less Than 12 Months, Unrealized Losses | 6 | 70 |
12 Months or Longer, Unrealized Losses | 13 | |
Total, Unrealized Losses | $ 6 | $ 83 |
PER SHARE DATA (Details)
PER SHARE DATA (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||||
Income available to common shareholders | $ 34,692 | $ 39,713 | $ 57,241 | $ 71,979 |
Income available to common shareholders plus assumed exercise of all outstanding share-based awards | $ 34,692 | $ 39,713 | $ 57,241 | $ 71,979 |
Income available to common shareholders (in shares) | 94,461,000 | 96,626,000 | 94,415,000 | 96,493,000 |
Effect of dilutive share-based awards (in shares) | 234,000 | 332,000 | 229,000 | 329,000 |
Income available to common shareholders plus assumed exercise all outstanding share-based awards (in shares) | 94,695,000 | 96,958,000 | 94,644,000 | 96,822,000 |
Income available to common shareholders (in dollars per share) | $ 0.37 | $ 0.41 | $ 0.61 | $ 0.75 |
Income available to common shareholders plus assumed exercise all outstanding share-based awards (in dollars per share) | $ 0.37 | $ 0.41 | $ 0.60 | $ 0.74 |
Stock Options [Member] | ||||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||||
Antidilutive securities excluded from diluted shares (in shares) | 37,800 | 51,300 | 32,400 | |
Weighted average exercise price of antidilutive securities (in dollars per share) | $ 24.59 | $ 24.78 | $ 25.31 | |
Other Equity Awards [Member] | ||||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||||
Antidilutive securities excluded from diluted shares (in shares) | 14,000 | 12,000 | 7,000 | 6,000 |
COMPREHENSIVE INCOME (Details)
COMPREHENSIVE INCOME (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | |
COMPREHENSIVE INCOME [Abstract] | ||||
Unrealized gains (losses) arising during holding period, Before tax amount | $ 5,956 | $ (8,653) | $ 20,125 | $ 380 |
Reclassification adjustment for net gains realized in net income, Before tax amount | (86) | (41) | (88) | (55) |
Recognized employee benefit plan net periodic benefit cost, Before tax amount | 1,511 | 1,797 | 3,022 | 3,594 |
Other comprehensive income (loss), Before tax amount | 7,381 | (6,897) | 23,059 | 3,919 |
Unrealized gains (losses) arising during holding period, Tax effect | (2,279) | 3,313 | (7,699) | (168) |
Reclassification adjustment for net gains realized in net income, Tax effect | 33 | 16 | 34 | 21 |
Recognized employee benefit plan net periodic benefit cost, Tax effect | (578) | (687) | (1,156) | (1,374) |
Other comprehensive income (loss), Tax effect | (2,824) | 2,642 | (8,821) | (1,521) |
Unrealized gains (losses) arising during holding period, Net of tax amount | 3,677 | (5,340) | 12,426 | 212 |
Reclassification adjustment for net gains realized in net income, Net of tax amount | (53) | (25) | (54) | (34) |
Recognized employee benefit plan net periodic benefit cost, Net of tax amount | 933 | 1,110 | 1,866 | 2,220 |
Other comprehensive income (loss), net of tax | 4,557 | (4,255) | 14,238 | 2,398 |
Net income | 34,692 | 39,713 | 57,241 | 71,979 |
Comprehensive income | $ 39,249 | $ 35,458 | $ 71,479 | $ 74,377 |
GOODWILL AND OTHER INTANGIBLE53
GOODWILL AND OTHER INTANGIBLE ASSETS (Carrying Amounts Of Goodwill) (Details) $ in Thousands | 6 Months Ended |
Jun. 30, 2016USD ($) | |
Balance, beginning of period | $ 291,498 |
Goodwill recorded during the year | 3,403 |
Balance, end of period | 294,901 |
Community Banking [Member] | |
Balance, beginning of period | 217,618 |
Goodwill recorded during the year | |
Balance, end of period | 217,618 |
Insurance Agencies [Member] | |
Balance, beginning of period | 73,880 |
Goodwill recorded during the year | 3,403 |
Balance, end of period | $ 77,283 |
GOODWILL AND OTHER INTANGIBLE54
GOODWILL AND OTHER INTANGIBLE ASSETS (Identifiable Intangible Assets) (Details) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 |
Finite-Lived Intangible Assets [Line Items] | ||
Gross Carrying Amount | $ 73,269 | |
Accumulated Amortization | 53,126 | $ 59,233 |
Gross Carrying Amount | 79,090 | |
Core Deposit Intangibles [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Gross Carrying Amount | 27,801 | |
Accumulated Amortization | 23,497 | 23,269 |
Gross Carrying Amount | 27,801 | |
Customer Relationship Intangibles [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Gross Carrying Amount | 43,918 | |
Accumulated Amortization | 28,854 | 34,922 |
Gross Carrying Amount | 49,639 | |
Non-Solicitation Intangibles [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Gross Carrying Amount | 1,550 | |
Accumulated Amortization | 775 | 1,042 |
Gross Carrying Amount | 1,650 | |
Trade Names [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Gross Carrying Amount | $ 688 | |
Gross Carrying Amount | $ 688 |
GOODWILL AND OTHER INTANGIBLE55
GOODWILL AND 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 | |
Finite-Lived Intangible Assets [Line Items] | ||||
Aggregate amortization expense | $ 869 | $ 1,061 | $ 1,749 | $ 2,093 |
Core Deposit Intangibles [Member] | ||||
Finite-Lived Intangible Assets [Line Items] | ||||
Aggregate amortization expense | 111 | 153 | 228 | 246 |
Customer Relationship Intangibles [Member] | ||||
Finite-Lived Intangible Assets [Line Items] | ||||
Aggregate amortization expense | 700 | 796 | 1,338 | 1,622 |
Non-Solicitation Intangibles [Member] | ||||
Finite-Lived Intangible Assets [Line Items] | ||||
Aggregate amortization expense | $ 58 | $ 112 | $ 183 | $ 225 |
GOODWILL AND OTHER INTANGIBLE56
GOODWILL AND OTHER INTANGIBLE ASSETS (Estimated Future Amortization Expense) (Details) $ in Thousands | Jun. 30, 2016USD ($) |
Finite-Lived Intangible Assets [Line Items] | |
For year ending December 31, 2016 | $ 3,585 |
For year ending December 31, 2017 | 3,386 |
For year ending December 31, 2018 | 2,938 |
For year ending December 31, 2019 | 2,377 |
For year ending December 31, 2020 | 1,851 |
Core Deposit Intangibles [Member] | |
Finite-Lived Intangible Assets [Line Items] | |
For year ending December 31, 2016 | 451 |
For year ending December 31, 2017 | 419 |
For year ending December 31, 2018 | 390 |
For year ending December 31, 2019 | 363 |
For year ending December 31, 2020 | 340 |
Customer Relationship Intangibles [Member] | |
Finite-Lived Intangible Assets [Line Items] | |
For year ending December 31, 2016 | 2,852 |
For year ending December 31, 2017 | 2,669 |
For year ending December 31, 2018 | 2,267 |
For year ending December 31, 2019 | 1,916 |
For year ending December 31, 2020 | 1,511 |
Non-Solicitation Intangibles [Member] | |
Finite-Lived Intangible Assets [Line Items] | |
For year ending December 31, 2016 | 282 |
For year ending December 31, 2017 | 298 |
For year ending December 31, 2018 | 281 |
For year ending December 31, 2019 | $ 98 |
PENSION BENEFITS (Details)
PENSION BENEFITS (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | |
PENSION BENEFITS [Abstract] | ||||
Service cost | $ 2,213 | $ 2,615 | $ 4,426 | $ 5,230 |
Interest cost | 2,341 | 2,588 | 4,682 | 5,176 |
Expected return on assets | (2,613) | (2,693) | (5,226) | (5,387) |
Recognized prior service cost | (179) | (180) | (358) | (359) |
Recognized net loss | 1,690 | 1,976 | 3,380 | 3,952 |
Net periodic benefit cost | $ 3,452 | $ 4,306 | $ 6,904 | $ 8,612 |
SEGMENT REPORTING (Details)
SEGMENT REPORTING (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | Dec. 31, 2015 | |
Net interest revenue | $ 112,316 | $ 107,309 | $ 223,475 | $ 213,382 | |
Provision for credit losses | 2,000 | (5,000) | 3,000 | (10,000) | $ (13,000) |
Net interest revenue, after provision for credit losses | 110,316 | 112,309 | 220,475 | 223,382 | |
Noninterest revenue | 69,683 | 74,314 | 135,198 | 147,629 | |
Noninterest expense | 128,718 | 128,177 | 271,018 | 265,110 | |
Income before income taxes | 51,281 | 58,446 | 84,655 | 105,901 | |
Income tax expense (benefit) | 16,589 | 18,733 | 27,414 | 33,922 | |
Net income | 34,692 | 39,713 | 57,241 | 71,979 | |
Total assets at end of period | 14,137,160 | 13,634,931 | 14,137,160 | 13,634,931 | $ 13,798,662 |
Depreciation and amortization | 7,169 | 7,749 | 14,355 | 15,504 | |
Operating Segments [Member] | Community Banking [Member] | |||||
Net interest revenue | 102,890 | 97,679 | 204,351 | 194,518 | |
Provision for credit losses | 985 | (5,831) | 2,104 | (9,798) | |
Net interest revenue, after provision for credit losses | 101,905 | 103,510 | 202,247 | 204,316 | |
Noninterest revenue | 20,734 | 20,224 | 41,043 | 40,617 | |
Noninterest expense | 75,162 | 74,749 | 164,203 | 159,211 | |
Income before income taxes | 47,477 | 48,985 | 79,087 | 85,722 | |
Income tax expense (benefit) | 16,078 | 16,295 | 26,956 | 27,904 | |
Net income | 31,399 | 32,690 | 52,131 | 57,818 | |
Total assets at end of period | 10,271,318 | 9,868,018 | 10,271,318 | 9,868,018 | |
Depreciation and amortization | 5,280 | 5,577 | 10,542 | 11,089 | |
Operating Segments [Member] | Insurance Agencies [Member] | |||||
Net interest revenue | 16 | 35 | 35 | 67 | |
Net interest revenue, after provision for credit losses | 16 | 35 | 35 | 67 | |
Noninterest revenue | 28,543 | 29,280 | 61,908 | 62,478 | |
Noninterest expense | 24,781 | 25,296 | 50,263 | 50,612 | |
Income before income taxes | 3,778 | 4,019 | 11,680 | 11,933 | |
Income tax expense (benefit) | 1,511 | 1,609 | 4,651 | 4,755 | |
Net income | 2,267 | 2,410 | 7,029 | 7,178 | |
Total assets at end of period | 219,280 | 211,142 | 219,280 | 211,142 | |
Depreciation and amortization | 1,034 | 1,232 | 2,094 | 2,497 | |
Operating Segments [Member] | General Corporate And Other [Member] | |||||
Net interest revenue | 9,410 | 9,595 | 19,089 | 18,797 | |
Provision for credit losses | 1,015 | 831 | 896 | (202) | |
Net interest revenue, after provision for credit losses | 8,395 | 8,764 | 18,193 | 18,999 | |
Noninterest revenue | 20,406 | 24,810 | 32,247 | 44,534 | |
Noninterest expense | 28,775 | 28,132 | 56,552 | 55,287 | |
Income before income taxes | 26 | 5,442 | (6,112) | 8,246 | |
Income tax expense (benefit) | (1,000) | 829 | (4,193) | 1,263 | |
Net income | 1,026 | 4,613 | (1,919) | 6,983 | |
Total assets at end of period | 3,646,562 | 3,555,771 | 3,646,562 | 3,555,771 | |
Depreciation and amortization | $ 855 | $ 940 | $ 1,719 | $ 1,918 |
MORTGAGE SERVICING RIGHTS (Data
MORTGAGE SERVICING RIGHTS (Data and Assumptions Used in Fair Value Calculation) (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | Dec. 31, 2015 | |
MORTGAGE SERVICING RIGHTS [Abstract] | |||||
Unpaid principal balance | $ 6,153,754 | $ 5,802,407 | $ 6,153,754 | $ 5,802,407 | $ 6,011,236 |
Weighted-average prepayment speed (CPR) | 13.50% | 10.00% | 10.30% | ||
Discount rate (annual percentage) (in hundredths) | 9.80% | 9.80% | 9.80% | ||
Weighted-average coupon interest rate (percentage) (in hundredths) | 4.00% | 4.10% | 4.00% | ||
Weighted-average remaining maturity (months) | 321 months | 316 months | 319 months | ||
Weighted-average servicing fee (basis points) | 0.267% | 0.266% | 0.266% | ||
Contractual servicing fees | $ 4,200 | $ 4,000 | 8,200 | 7,800 | |
Late and other ancillary fees | $ 483 | $ 314 | $ 1,200 | $ 662 |
MORTGAGE SERVICING RIGHTS (Acti
MORTGAGE SERVICING RIGHTS (Activity in Class of Mortgage Servicing Assets) (Details) - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2016 | Jun. 30, 2015 | |
MORTGAGE SERVICING RIGHTS [Abstract] | ||
Fair value as of beginning of period | $ 57,268 | $ 51,296 |
Origination of servicing assets | 6,335 | 6,843 |
Due to payoffs/paydowns | (3,446) | (3,494) |
Due to change in valuation inputs or assumptions used in the valuation model | (12,046) | 1,282 |
Other changes in fair value | (3) | (3) |
Fair value as of end of period | $ 48,108 | $ 55,924 |
DERIVATIVE INSTRUMENTS AND OF61
DERIVATIVE INSTRUMENTS AND OFFSETTING ASSETS AND LIABILITIES (Narrative) (Details) - USD ($) $ in Thousands | Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 |
Forward Commitments [Member] | ||||
Derivative [Line Items] | ||||
Notional amount | $ 314,700 | $ 280,800 | $ 314,700 | $ 280,800 |
Difference in carrying value and fair value, reflecting a loss | 3,600 | |||
Difference in carrying value and fair value, reflecting a gain | 2,200 | |||
Fixed Rate Mortgage Loans [Member] | ||||
Derivative [Line Items] | ||||
Notional amount | 253,000 | 184,900 | 253,000 | 184,900 |
Difference in carrying value and fair value, reflecting a gain | 8,800 | 4,500 | ||
Loan/Lease Interest Rate Swaps [Member] | ||||
Derivative [Line Items] | ||||
Notional amount | $ 236,800 | $ 288,700 | $ 236,800 | $ 288,700 |
Average maturity | 37 months | 44 months | ||
Average interest receive rate | 2.70% | 2.50% | 2.70% | 2.50% |
Average interest pay rate | 5.60% | 5.60% | 5.60% | 5.60% |
DERIVATIVE INSTRUMENTS AND OF62
DERIVATIVE INSTRUMENTS AND OFFSETTING ASSETS AND LIABILITIES (Offsetting Of Derivative Assets And Liabilities) (Details) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 | Jun. 30, 2015 |
Derivative [Line Items] | |||
Gross Amount Recognized | $ 25,452 | $ 19,508 | $ 25,307 |
Gross Amount Offset | |||
Net Amount Recognized | 25,452 | 19,508 | 25,307 |
Financial Instruments | |||
Financial Collateral Pledged | |||
Net Amount | 25,452 | 19,508 | 25,307 |
Gross Amount Recognized | 436,372 | 422,188 | 394,849 |
Gross Amount Offset | |||
Net Amount Recognized | 436,372 | 422,188 | 394,849 |
Financial Instruments | (415,949) | (405,937) | (375,980) |
Financial Collateral Pledged | (16,854) | (15,856) | (18,565) |
Net Amount | 3,569 | 395 | 304 |
Forward Commitments [Member] | |||
Derivative [Line Items] | |||
Gross Amount Recognized | 8,840 | 3,894 | 7,013 |
Gross Amount Offset | |||
Net Amount Recognized | 8,840 | 3,894 | 7,013 |
Financial Instruments | |||
Financial Collateral Pledged | |||
Net Amount | 8,840 | 3,894 | 7,013 |
Gross Amount Recognized | 3,569 | 395 | 304 |
Gross Amount Offset | |||
Net Amount Recognized | 3,569 | 395 | 304 |
Financial Instruments | |||
Financial Collateral Pledged | |||
Net Amount | 3,569 | 395 | 304 |
Loan/Lease Interest Rate Swaps [Member] | |||
Derivative [Line Items] | |||
Gross Amount Recognized | 16,612 | 15,614 | 18,294 |
Gross Amount Offset | |||
Net Amount Recognized | 16,612 | 15,614 | 18,294 |
Financial Instruments | |||
Financial Collateral Pledged | |||
Net Amount | 16,612 | 15,614 | 18,294 |
Gross Amount Recognized | 16,854 | 15,856 | 18,565 |
Gross Amount Offset | |||
Net Amount Recognized | 16,854 | 15,856 | 18,565 |
Financial Instruments | |||
Financial Collateral Pledged | (16,854) | (15,856) | (18,565) |
Repurchase Arrangements [Member] | |||
Derivative [Line Items] | |||
Gross Amount Recognized | 415,949 | 405,937 | 375,980 |
Gross Amount Offset | |||
Net Amount Recognized | 415,949 | 405,937 | 375,980 |
Financial Instruments | $ (415,949) | (405,937) | $ (375,980) |
Financial Collateral Pledged |
FAIR VALUE DISCLOSURES (Assets
FAIR VALUE DISCLOSURES (Assets and Liabilities Measured at Fair Value on a Recurring Basis) (Details) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 | Jun. 30, 2015 | Dec. 31, 2014 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Available-for-sale securities | $ 2,103,883 | $ 2,082,329 | $ 2,251,153 | |
Mortgage servicing rights | 48,108 | $ 57,268 | 55,924 | $ 51,296 |
Derivative instruments | 25,452 | 25,307 | ||
Loans held for sale | 210,698 | 199,370 | ||
Total | 2,388,141 | 2,531,754 | ||
Derivative instruments | 20,423 | 18,869 | ||
US Government Agencies [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Available-for-sale securities | 1,310,803 | 1,336,846 | ||
Government Agency Issued Residential Mortgage-Backed Securities [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Available-for-sale securities | 180,178 | 217,191 | ||
Government Agency Issued Commercial Mortgage-Backed Securities [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Available-for-sale securities | 193,475 | 224,450 | ||
Obligations Of States And Political Subdivisions [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Available-for-sale securities | 399,391 | 458,322 | ||
Other [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Available-for-sale securities | 20,036 | 14,344 | ||
Recurring [Member] | Level 1 [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Total | 795 | 1,160 | ||
Recurring [Member] | Level 1 [Member] | Other [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Available-for-sale securities | 795 | 1,160 | ||
Recurring [Member] | Level 2 [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Loans held for sale | 210,698 | 199,370 | ||
Total | 2,313,786 | 2,449,363 | ||
Recurring [Member] | Level 2 [Member] | US Government Agencies [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Available-for-sale securities | 1,310,803 | 1,336,846 | ||
Recurring [Member] | Level 2 [Member] | Government Agency Issued Residential Mortgage-Backed Securities [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Available-for-sale securities | 180,178 | 217,191 | ||
Recurring [Member] | Level 2 [Member] | Government Agency Issued Commercial Mortgage-Backed Securities [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Available-for-sale securities | 193,475 | 224,450 | ||
Recurring [Member] | Level 2 [Member] | Obligations Of States And Political Subdivisions [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Available-for-sale securities | 399,391 | 458,322 | ||
Recurring [Member] | Level 2 [Member] | Other [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Available-for-sale securities | 19,241 | 13,184 | ||
Recurring [Member] | Level 3 [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Mortgage servicing rights | 48,108 | 55,924 | ||
Derivative instruments | 25,452 | 25,307 | ||
Total | 73,560 | 81,231 | ||
Derivative instruments | $ 20,423 | $ 18,869 |
FAIR VALUE DISCLOSURES (Changes
FAIR VALUE DISCLOSURES (Changes in Level Three Assets and Liabilities Measured at Fair Value on a Recurring Basis) (Details) - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2016 | Jun. 30, 2015 | |
Mortgage Servicing Rights [Member] | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||
Beginning Balance | $ 57,268 | $ 51,296 |
Net loss | (15,495) | (2,215) |
Additions | 6,335 | 6,843 |
Ending Balance | 48,108 | 55,924 |
Net unrealized (losses) gains included in net income for the quarter relating to assets and liabilities held | (4,092) | 4,321 |
Derivative Instruments [Member] | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||
Beginning Balance | 3,257 | 623 |
Net loss | 1,772 | 5,815 |
Ending Balance | 5,029 | 6,438 |
Net unrealized (losses) gains included in net income for the quarter relating to assets and liabilities held | $ 639 | $ 3,017 |
FAIR VALUE DISCLOSURES (Asset65
FAIR VALUE DISCLOSURES (Assets And Liabilities Measured At Fair Value On A Nonrecurring Basis) (Details) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 | Jun. 30, 2015 | Dec. 31, 2014 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Impaired loans | $ 40,236 | $ 35,113 | ||
Other real estate owned | 14,658 | $ 14,759 | 24,299 | $ 33,984 |
Nonrecurring [Member] | Level 1 [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Impaired loans | ||||
Other real estate owned | ||||
Nonrecurring [Member] | Level 3 [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Impaired loans | 40,236 | 35,113 | ||
Other real estate owned | 14,658 | 24,299 | ||
Nonrecurring [Member] | Total Losses [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Impaired loans | (1,380) | (3,454) | ||
Other real estate owned | $ (1,168) | $ (3,198) |
FAIR VALUE DISCLOSURES (Carryin
FAIR VALUE DISCLOSURES (Carrying And Fair Value Information) (Details) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 | Jun. 30, 2015 |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||
Cash and due from banks | $ 186,381 | $ 154,192 | $ 183,541 |
Interest bearing deposits with other banks | 86,472 | 43,777 | 34,438 |
Available-for-sale securities | 2,103,883 | 2,082,329 | 2,251,153 |
Loans held for sale | 210,698 | 199,370 | |
Noninterest bearing deposits | 3,133,460 | 3,031,528 | 2,911,972 |
Other time deposits | 1,879,509 | 1,853,491 | 1,933,904 |
Derivative liabilities | (20,423) | (18,869) | |
Derivative assets | $ 25,452 | $ 25,307 | |
Percentage rate deduction to determine the fair value of other real estate owned (in hundredths) | 7.00% | ||
Carrying Value [Member] | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||
Cash and due from banks | $ 186,381 | 154,192 | |
Interest bearing deposits with other banks | 86,472 | 43,777 | |
Available-for-sale securities | 2,103,883 | 2,082,329 | |
Net loans and leases. | 10,449,043 | 10,246,320 | |
Loans held for sale | 210,698 | 157,907 | |
Noninterest bearing deposits | 3,133,460 | 3,031,528 | |
Savings and interest bearing deposits | 6,351,398 | 6,446,142 | |
Other time deposits | 1,879,509 | 1,853,491 | |
Federal funds purchased and securities sold under agreement to repurchase and other short-term borrowings | 415,949 | 467,946 | |
Long-term debt and other borrowings | 388,786 | 92,973 | |
Carrying Value [Member] | Fixed Rate Mortgage Loans [Member] | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||
Derivative assets | 8,840 | 3,390 | |
Carrying Value [Member] | Interest Rate Swap Position To Receive [Member] | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||
Derivative assets | 16,612 | 15,614 | |
Carrying Value [Member] | Forward Commitments [Member] | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||
Derivative liabilities | (3,569) | 109 | |
Carrying Value [Member] | Interest Rate Swap Position To Pay [Member] | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||
Derivative liabilities | (16,854) | (15,856) | |
Fair Value [Member] | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||
Cash and due from banks | 186,381 | 154,192 | |
Interest bearing deposits with other banks | 86,472 | 43,777 | |
Available-for-sale securities | 2,103,883 | 2,082,329 | |
Net loans and leases. | 10,600,855 | 10,331,043 | |
Loans held for sale | 210,698 | 157,907 | |
Noninterest bearing deposits | 3,133,460 | 3,031,528 | |
Savings and interest bearing deposits | 6,351,398 | 6,446,142 | |
Other time deposits | 1,895,455 | 1,867,034 | |
Federal funds purchased and securities sold under agreement to repurchase and other short-term borrowings | 415,357 | 467,263 | |
Long-term debt and other borrowings | 398,262 | 98,502 | |
Fair Value [Member] | Fixed Rate Mortgage Loans [Member] | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||
Derivative assets | 8,840 | 3,390 | |
Fair Value [Member] | Interest Rate Swap Position To Receive [Member] | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||
Derivative assets | 16,612 | 15,614 | |
Fair Value [Member] | Forward Commitments [Member] | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||
Derivative liabilities | (3,569) | 109 | |
Fair Value [Member] | Interest Rate Swap Position To Pay [Member] | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||
Derivative liabilities | $ (16,854) | $ (15,856) | |
Minimum [Member] | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||
Derivative interest rate | 1.82% | ||
Maximum [Member] | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||
Derivative interest rate | 4.01% |
OTHER NONINTEREST REVENUE AND67
OTHER NONINTEREST REVENUE AND EXPENSE (Other Noninterest Revenue) (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | |
OTHER NONINTEREST REVENUE AND EXPENSE [Abstract] | ||||
Bank-owned life insurance | $ 1,813 | $ 1,835 | $ 3,706 | $ 3,734 |
Other miscellaneous income | 4,078 | 2,684 | 6,747 | 6,025 |
Total other noninterest income | $ 5,891 | $ 4,519 | $ 10,453 | $ 9,759 |
OTHER NONINTEREST REVENUE AND68
OTHER NONINTEREST REVENUE AND EXPENSE (Other Noninterest Expense) (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | |
OTHER NONINTEREST REVENUE AND EXPENSE [Abstract] | ||||
Advertising | $ 1,043 | $ 1,686 | $ 1,676 | $ 2,467 |
Foreclosed property expense | 1,309 | 1,625 | 2,490 | 3,596 |
Telecommunications | 1,259 | 1,323 | 2,554 | 2,637 |
Public relations | 599 | 794 | 1,260 | 1,479 |
Data processing | 6,685 | 5,898 | 13,076 | 11,900 |
Computer software | 2,732 | 2,690 | 5,392 | 5,296 |
Amortization of intangibles | 869 | 1,061 | 1,749 | 2,093 |
Legal fees | 1,754 | 1,998 | 6,289 | 9,679 |
Merger expense | 1 | 4 | 2 | 4 |
Postage and shipping | 985 | 1,194 | 2,102 | 2,366 |
Other miscellaneous expense | 13,664 | 13,325 | 27,540 | 29,356 |
Total other noninterest expense | $ 30,900 | $ 31,598 | $ 64,130 | $ 70,873 |
COMMITMENTS AND CONTINGENT LI69
COMMITMENTS AND CONTINGENT LIABILITIES (Details) - USD ($) $ in Thousands | 6 Months Ended | ||
Jun. 30, 2016 | Dec. 31, 2015 | Jun. 30, 2015 | |
Mortgage loans serviced for others [Abstract] | |||
Servicing Asset at Amortized Cost | $ 6,153,754 | $ 6,011,236 | $ 5,802,407 |
Lending commitments [Abstract] | |||
Regulatory Settlement | $ 10,277 |
LONG-TERM DEBT (Details)
LONG-TERM DEBT (Details) - USD ($) $ in Thousands | 3 Months Ended | ||
Jun. 30, 2016 | Dec. 31, 2015 | Jun. 30, 2015 | |
Debt Instrument [Line Items] | |||
Long-term borrowings | $ 365,588 | $ 69,775 | $ 73,962 |
Multi-Draw Term Loan [Member] | |||
Debt Instrument [Line Items] | |||
Credit Agreement borrowing capacity | $ 60,000 | ||
Maturity date | Aug. 8, 2018 | ||
Long-Term Borrowings From U.S. Bank [Member] | |||
Debt Instrument [Line Items] | |||
Long-term borrowings | $ 35,600 | $ 39,800 | |
Long-Term Borrowings From FHLB [Member] | |||
Debt Instrument [Line Items] | |||
Long-term borrowings | 330,000 | ||
Unsecured Revolving Loan [Member] | |||
Debt Instrument [Line Items] | |||
Credit Agreement borrowing capacity | $ 25,000 | ||
Maturity date | Aug. 8, 2015 |