Document and Entity Information
Document and Entity Information - shares | 9 Months Ended | |
Sep. 30, 2017 | Nov. 01, 2017 | |
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 | Q3 | |
Document Period End Date | Sep. 30, 2017 | |
Document Fiscal Year Focus | 2,017 | |
Current Fiscal Year End Date | --12-31 | |
Entity Common Stock, Shares Outstanding | 90,329,772 |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 | Sep. 30, 2016 |
ASSETS | |||
Cash and due from banks | $ 167,871 | $ 184,152 | $ 172,782 |
Interest bearing deposits with other banks | 52,316 | 38,813 | 151,944 |
Available-for-sale securities, at fair value | 2,359,967 | 2,531,676 | 2,468,199 |
Loans and leases | 11,073,306 | 10,835,512 | 10,685,166 |
Less: Unearned income | 17,797 | 23,521 | 26,405 |
Allowance for credit losses | 119,496 | 123,736 | 125,887 |
Net loans and leases | 10,936,013 | 10,688,255 | 10,532,874 |
Loans held for sale, at fair value | 138,353 | 166,927 | 204,441 |
Premises and equipment, net | 311,530 | 305,561 | 305,245 |
Accrued interest receivable | 44,454 | 42,005 | 41,583 |
Goodwill | 300,798 | 300,798 | 294,901 |
Other identifiable intangibles | 18,860 | 21,894 | 19,908 |
Bank-owned life insurance | 259,361 | 258,648 | 257,015 |
Other real estate owned | 5,956 | 7,810 | 11,391 |
Other assets | 164,915 | 177,849 | 151,200 |
TOTAL ASSETS | 14,760,394 | 14,724,388 | 14,611,483 |
Deposits: | |||
Demand: Noninterest bearing | 3,414,397 | 3,250,537 | 3,308,361 |
Interest bearing | 4,925,127 | 5,034,470 | 4,877,482 |
Savings | 1,638,033 | 1,561,819 | 1,533,401 |
Other time | 1,798,431 | 1,841,315 | 1,870,815 |
Total deposits | 11,775,988 | 11,688,141 | 11,590,059 |
Securities sold under agreement to repurchase | 421,044 | 454,002 | 468,969 |
Short-term borrowings | 625,000 | 92,000 | |
Accrued interest payable | 4,826 | 3,975 | 4,107 |
Junior subordinated debt securities | 12,888 | 23,198 | |
Long-term debt | 30,000 | 530,000 | 563,495 |
Other liabilities | 203,034 | 219,499 | 237,551 |
TOTAL LIABILITIES | 13,059,892 | 13,000,505 | 12,887,379 |
SHAREHOLDERS' EQUITY | |||
Common stock, $2.50 par value per share Authorized - 500,000,000 shares; Issued - 90,329,896, 93,696,687 and 94,074,740 shares, respectively | 225,825 | 234,242 | 235,187 |
Capital surplus | 175,837 | 271,292 | 278,973 |
Accumulated other comprehensive (loss) income | (50,203) | (50,937) | (33,549) |
Retained earnings | 1,349,043 | 1,269,286 | 1,243,493 |
TOTAL SHAREHOLDERS' EQUITY | 1,700,502 | 1,723,883 | 1,724,104 |
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | $ 14,760,394 | $ 14,724,388 | $ 14,611,483 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parenthetical) - $ / shares | Sep. 30, 2017 | Dec. 31, 2016 | Sep. 30, 2016 |
Consolidated Balance Sheets [Abstract] | |||
Common stock, par value (in dollars per share) | $ 2.50 | $ 2.50 | $ 2.50 |
Common stock, shares authorized (in shares) | 500,000,000 | 500,000,000 | 500,000,000 |
Common stock, shares issued (in shares) | 90,329,896 | 93,696,687 | 94,074,740 |
Consolidated Statements of Oper
Consolidated Statements of Operations - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | |
INTEREST REVENUE: | ||||
Loans and leases | $ 119,599 | $ 111,605 | $ 346,383 | $ 328,488 |
Deposits with other banks | 214 | 409 | 955 | 901 |
Available-for-sale securities: | ||||
Taxable | 7,378 | 6,189 | 22,237 | 18,086 |
Tax-exempt | 2,514 | 2,898 | 7,657 | 8,854 |
Loans held for sale | 1,229 | 1,239 | 3,483 | 3,406 |
Total interest revenue | 130,934 | 122,340 | 380,715 | 359,735 |
Deposits: | ||||
Interest bearing demand | 3,482 | 2,361 | 9,472 | 6,732 |
Savings | 494 | 462 | 1,449 | 1,356 |
Other time | 3,819 | 3,661 | 11,126 | 10,451 |
Federal funds purchased and securities sold under agreement to repurchase | 754 | 173 | 1,585 | 472 |
Long-term debt | 1,824 | 902 | 4,422 | 2,097 |
Junior subordinated debt | 190 | 9 | 560 | |
Other | 1 | 2 | 2 | |
Total interest expense | 10,373 | 7,750 | 28,065 | 21,670 |
Net interest revenue | 120,561 | 114,590 | 352,650 | 338,065 |
Provision for credit losses | 500 | 2,500 | 3,000 | |
Net interest revenue, after provision for credit losses | 120,061 | 114,590 | 350,150 | 335,065 |
NONINTEREST REVENUE: | ||||
Mortgage banking | 6,909 | 11,087 | 22,033 | 20,803 |
Credit card, debit card and merchant fees | 9,346 | 9,292 | 27,814 | 27,748 |
Deposit service charges | 10,388 | 11,313 | 29,783 | 33,345 |
Security gains, net | 5 | 1 | 1,099 | 89 |
Insurance commissions | 28,616 | 28,194 | 92,682 | 90,246 |
Wealth management | 5,386 | 5,312 | 15,835 | 15,768 |
Other | 5,310 | 4,474 | 15,713 | 14,927 |
Total noninterest revenue | 65,960 | 69,673 | 204,959 | 202,926 |
NONINTEREST EXPENSE: | ||||
Salaries and employee benefits | 81,415 | 80,884 | 244,398 | 243,238 |
Occupancy, net of rental income | 10,343 | 10,412 | 31,100 | 30,794 |
Equipment | 3,352 | 3,423 | 10,358 | 10,483 |
Deposit insurance assessments | 2,499 | 3,227 | 7,244 | 8,097 |
Regulatory settlement | 10,277 | |||
Other | 29,294 | 30,371 | 88,465 | 94,501 |
Total noninterest expense | 126,903 | 128,317 | 381,565 | 397,390 |
Income before income taxes | 59,118 | 55,946 | 173,544 | 140,601 |
Income tax expense | 19,590 | 18,129 | 58,034 | 45,543 |
Net income | $ 39,528 | $ 37,817 | $ 115,510 | $ 95,058 |
Earnings per share: | ||||
Basic (in dollars per share) | $ 0.43 | $ 0.40 | $ 1.26 | $ 1.01 |
Diluted (in dollars per share) | 0.43 | 0.40 | 1.25 | 1 |
Dividends declared per common share (in dollars per share) | $ 0.14 | $ 0.13 | $ 0.39 | $ 0.33 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | |
Consolidated Statements of Comprehensive Income [Abstract] | ||||
Net income | $ 39,528 | $ 37,817 | $ 115,510 | $ 95,058 |
Other comprehensive income, net of tax | ||||
Unrealized gains on securities | (1,289) | (6,895) | (2,107) | 5,477 |
Pension and other postretirement benefits | 947 | 933 | 2,841 | 2,799 |
Other comprehensive income (loss), net of tax | (342) | (5,962) | 734 | 8,276 |
Comprehensive income | $ 39,186 | $ 31,855 | $ 116,244 | $ 103,334 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | Dec. 31, 2016 | |
Operating Activities: | |||||
Net income | $ 39,528 | $ 37,817 | $ 115,510 | $ 95,058 | |
Adjustment to reconcile net income to net cash provided by operating activities: | |||||
Provision for credit losses | 500 | 2,500 | 3,000 | ||
Depreciation and amortization | 19,581 | 19,023 | |||
Amortization of intangibles | 994 | 923 | 3,034 | 2,672 | |
Amortization of debt securities premium and discount, net | 5,345 | 7,751 | |||
Share-based compensation expense | 6,987 | 6,856 | |||
Security gains, net | (5) | (1) | (1,099) | (89) | |
Net deferred loan origination expense | (5,141) | (5,059) | |||
Increase in interest receivable | (2,449) | (682) | |||
Increase (decrease) in interest payable | 851 | 1,036 | |||
Realized gain on mortgages sold | (37,017) | (40,209) | |||
Proceeds from mortgages sold | 1,080,551 | 1,249,605 | |||
Origination of mortgages held for sale | (1,016,090) | (1,256,131) | |||
Loss on other real estate owned, net | (164) | (525) | 1,125 | 2,254 | |
Increase in bank-owned life insurance | (6,079) | (5,481) | |||
Other, net | 7,338 | 15,465 | |||
Net cash provided by (used in) operating activities | 174,947 | 95,069 | |||
Investing activities: | |||||
Proceeds from calls and maturities of available-for-sale securities | 425,719 | 315,221 | |||
Proceeds from sales of available-for-sale securities | 1,071 | 15 | |||
Purchases of available-for-sale securities | (266,808) | (690,820) | |||
Net increase in loans and leases | (250,290) | (293,761) | |||
Purchases of premises and equipment | (27,050) | (17,637) | |||
Proceeds from sale of premises and equipment | 288 | 1,362 | |||
Proceeds from death benefits from COLI | 5,366 | ||||
Acquisition of Insurance Agency | (3,716) | ||||
Proceeds from sale of other real estate owned | 5,899 | 10,352 | |||
Other, net | (356) | (87) | |||
Net cash provided by (used in) investing activities | (106,161) | (679,071) | |||
Financing activities: | |||||
Net increase in deposits | 87,847 | 258,898 | |||
Net decrease in short-term debt and other liabilities | 42 | 1,023 | |||
Advances of long-term debt | 500,000 | ||||
Repayment of long-term debt | (6,280) | ||||
Redemption of Junior Subordinated Debt | (12,888) | ||||
Issuance of common stock | 880 | 1,879 | |||
Repurchase of common stock | (111,739) | (14,162) | |||
Payment of cash dividends | (35,706) | (30,599) | |||
Net cash provided by financing activities | (71,564) | 710,759 | |||
Increase in cash and cash equivalents | (2,778) | 126,757 | |||
Cash and cash equivalents at beginning of period | 222,965 | 197,969 | $ 197,969 | ||
Cash and cash equivalents at end of period | $ 220,187 | $ 324,726 | 220,187 | 324,726 | $ 222,965 |
Supplemental Cash Flow Information | |||||
Income tax (refunds) payments, net | 61,368 | 36,897 | |||
Interest paid | 27,408 | 20,634 | |||
Transfers of loans to other real estate owned | 5,173 | 9,266 | |||
MSR fair value adjustment | (671) | (10,233) | |||
Financed sales of other real estate owned | 1,442 | $ 673 | |||
Transfers of loans held for sale to loan portfolio | $ 642 |
BASIS OF FINANCIAL STATEMENT PR
BASIS OF FINANCIAL STATEMENT PRESENTATION AND PRINCIPLES OF CONSOLIDATION | 9 Months Ended |
Sep. 30, 2017 | |
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, 2016. 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 nine-month periods ended September 30, 2017 are not necessarily indicative of the results to be expected for the full year. Certain 2016 amounts have been reclassified to conform with the 2017 presentation. The consolidated financial statements include the accounts of the Company, its wholly-owned subsidiary, BancorpSouth Bank (the “Bank”), and the Bank’s wholly-owned subsidiaries, BancorpSouth Insurance Services, Inc., BancorpSouth Municipal Development Corporation, BancorpSouth Bank Securities Corporation, Gumtree Wholesale Insurance Brokers, Inc and BXS Forrest Investment Fund, LLC. |
LOANS AND LEASES
LOANS AND LEASES | 9 Months Ended |
Sep. 30, 2017 | |
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. A summary of gross loans and leases by segment and class as of the dates indicated follows: September 30, December 31, 2017 2016 2016 (In thousands) Commercial and industrial $ 1,508,794 $ 1,619,668 $ 1,615,608 Real estate Consumer mortgages 2,826,333 2,611,387 2,643,966 Home equity 626,961 622,566 628,846 Agricultural 247,211 242,171 245,377 Commercial and industrial-owner occupied 1,835,430 1,668,477 1,764,265 Construction, acquisition and development 1,175,979 1,121,386 1,157,248 Commercial real estate 2,336,219 2,240,717 2,237,719 Credit cards 104,613 107,447 109,656 All other 411,766 451,347 432,827 Gross Loans Total (1) 11,073,306 10,685,166 10,835,512 Less: Unearned Income 17,797 26,405 23,521 Net Loans $ 11,055,509 $ 10,658,761 $ 10,811,991 (1) Gross loans and leases are net of deferred costs of $3.5 million, $2.2 million and approximately $282,000 at September 30, 2017 and 2016 and December 31, 2016, respectively. The following table shows the Company’s loans and leases, net of unearned income, as of September 30, 2017 by segment, class and geographical location: Alabama and Florida Panhandle Arkansas Louisiana Mississippi Missouri Tennessee Texas Other Total (In thousands) Commercial and industrial $ 136,368 $ 195,461 $ 193,882 $ 551,391 $ 70,856 $ 108,389 $ 200,118 $ 49,887 $ 1,506,352 Real estate Consumer mortgages 379,388 327,113 233,715 879,524 92,807 316,209 543,855 53,722 2,826,333 Home equity 96,418 47,361 70,916 230,493 21,531 139,521 19,348 1,373 626,961 Agricultural 8,298 83,830 25,290 66,829 7,205 13,019 42,722 18 247,211 Commercial and industrial-owner occupied 210,503 203,249 223,947 710,693 46,384 154,354 286,300 - 1,835,430 Construction, acquisition and development 126,581 75,400 57,445 355,559 20,391 164,014 376,589 - 1,175,979 Commercial real estate 300,226 357,712 236,589 574,667 209,097 212,296 445,632 - 2,336,219 Credit cards - - - - - - - 104,613 104,613 All other 52,154 40,023 22,141 210,898 2,969 22,066 39,332 6,828 396,411 Total $ 1,309,936 $ 1,330,149 $ 1,063,925 $ 3,580,054 $ 471,240 $ 1,129,868 $ 1,953,896 $ 216,441 $ 11,055,509 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 loans for the sole purpose of carrying interest reserves. 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 September 30, 2017 and December 31, 2016: September 30, 2017 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 $ 2,704 $ 2,083 $ 7,091 $ 11,878 $ 1,494,474 $ 1,506,352 $ 115 Real estate Consumer mortgages 15,221 6,328 13,620 35,169 2,791,164 2,826,333 1,240 Home equity 1,380 681 1,479 3,540 623,421 626,961 - Agricultural 1,737 27 4,793 6,557 240,654 247,211 34 Commercial and industrial-owner occupied 3,294 2,083 4,134 9,511 1,825,919 1,835,430 - Construction, acquisition and development 4,441 100 1,583 6,124 1,169,855 1,175,979 - Commercial real estate 632 607 2,478 3,717 2,332,502 2,336,219 - Credit cards 427 329 492 1,248 103,365 104,613 466 All other 479 273 250 1,002 395,409 396,411 - Total $ 30,315 $ 12,511 $ 35,920 $ 78,746 $ 10,976,763 $ 11,055,509 $ 1,855 December 31, 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 $ 3,231 $ 1,610 $ 9,152 $ 13,993 $ 1,598,302 $ 1,612,295 $ 58 Real estate Consumer mortgages 12,393 6,785 15,054 34,232 2,609,734 2,643,966 3,439 Home equity 2,771 670 2,959 6,400 622,446 628,846 - Agricultural 969 354 247 1,570 243,807 245,377 - Commercial and industrial-owner occupied 2,551 530 4,342 7,423 1,756,842 1,764,265 - Construction, acquisition and development 2,101 440 1,443 3,984 1,153,264 1,157,248 14 Commercial real estate 312 933 11,211 12,456 2,225,263 2,237,719 - Credit cards 466 297 501 1,264 108,392 109,656 472 All other 550 148 230 928 411,691 412,619 - Total $ 25,344 $ 11,767 $ 45,139 $ 82,250 $ 10,729,741 $ 10,811,991 $ 3,983 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. These 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 September 30, 2017 and December 31, 2016: September 30, 2017 Special Pass Mention Substandard Doubtful Loss Impaired (1) Total (In thousands) Commercial and industrial $ 1,449,512 $ 762 $ 50,633 $ 290 $ 146 $ 5,009 $ 1,506,352 Real estate Consumer mortgages 2,768,161 - 55,836 272 - 2,064 2,826,333 Home equity 617,463 - 8,731 - - 767 626,961 Agricultural 234,563 - 7,372 - - 5,276 247,211 Commercial and industrial-owner occupied 1,766,055 2,920 62,232 - - 4,223 1,835,430 Construction, acquisition and development 1,159,359 3,718 12,902 - - - 1,175,979 Commercial real estate 2,293,845 - 39,805 177 - 2,392 2,336,219 Credit cards 104,613 - - - - - 104,613 All other 392,100 - 4,211 100 - - 396,411 Total $ 10,785,671 $ 7,400 $ 241,722 $ 839 $ 146 $ 19,731 $ 11,055,509 (1) Impaired loans are shown exclusive of $7.4 million of accruing troubled debt restructurings (“TDRs”) and $3.3 million of non-accruing TDRs. December 31, 2016 Special Pass Mention Substandard Doubtful Loss Impaired (1) Total (In thousands) Commercial and industrial $ 1,562,263 $ - $ 41,618 $ 100 $ - $ 8,314 $ 1,612,295 Real estate Consumer mortgages 2,579,905 522 61,602 282 - 1,655 2,643,966 Home equity 616,758 - 11,231 - - 857 628,846 Agricultural 233,939 - 10,577 - - 861 245,377 Commercial and industrial-owner occupied 1,705,266 3,668 47,010 - - 8,321 1,764,265 Construction, acquisition and development 1,135,618 - 15,697 - - 5,933 1,157,248 Commercial real estate 2,179,318 634 45,471 - - 12,296 2,237,719 Credit cards 109,656 - - - - - 109,656 All other 405,611 - 7,008 - - - 412,619 Total $ 10,528,334 $ 4,824 $ 240,214 $ 382 $ - $ 38,237 $ 10,811,991 (1) Impaired loans are shown exclusive of $26.0 million of accruing TDRs and $2.2 million of non-accruing 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 nine months ended September 30, 2017 and as of and for the year ended December 31, 2016: September 30, 2017 Unpaid Average Recorded Investment Interest Income Recognized Recorded Principal Related Three months Nine months Three months Nine months Investment Balance of Allowance ended ended ended ended in Impaired Impaired for Credit September 30, September 30, September 30, September 30, Loans (1) Loans Losses 2017 2017 2017 2017 (In thousands) With no related allowance: Commercial and industrial $ 4,460 $ 11,545 $ - $ 5,356 $ 6,010 $ - $ 28 Real estate: Consumer mortgages 2,064 2,573 - 1,296 1,325 - 3 Home equity 767 1,510 - 514 483 1 4 Agricultural 5,276 5,909 - 5,262 3,780 - 10 Commercial and industrial-owner occupied 4,223 6,156 - 5,718 6,700 40 148 Construction, acquisition and development - - - 88 1,061 - 1 Commercial real estate 1,759 1,809 - 2,663 2,529 10 15 All other - - - - - - - Total $ 18,549 $ 29,502 $ - $ 20,897 $ 21,888 $ 51 $ 209 With an allowance: Commercial and industrial $ 549 $ 549 $ 528 $ 1,281 $ 2,978 $ - $ 2 Real estate: Consumer mortgages - - - 997 531 - - Home equity - - - 294 353 - - Agricultural - - - - - - - Commercial and industrial-owner occupied - - - - 1,685 - 5 Construction, acquisition and development - - - - 155 - - Commercial real estate 633 633 53 899 4,348 10 20 All other - - - - - - - Total $ 1,182 $ 1,182 $ 581 $ 3,471 $ 10,050 $ 10 $ 27 Total: Commercial and industrial $ 5,009 $ 12,094 $ 528 $ 6,637 $ 8,988 $ - $ 30 Real estate: Consumer mortgages 2,064 2,573 - 2,293 1,856 - 3 Home equity 767 1,510 - 808 836 1 4 Agricultural 5,276 5,909 - 5,262 3,780 - 10 Commercial and industrial-owner occupied 4,223 6,156 - 5,718 8,385 40 153 Construction, acquisition and development - - - 88 1,216 - 1 Commercial real estate 2,392 2,442 53 3,562 6,877 20 35 All other - - - - - - - Total $ 19,731 $ 30,684 $ 581 $ 24,368 $ 31,938 $ 61 $ 236 (1) Excludes $3.3 million of non-accruing TDRs and $7.4 million of accruing TDRs. December 31, 2016 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 $ 6,222 $ 11,856 $ - $ 6,394 $ 72 Real estate: Consumer mortgages 1,655 2,305 - 1,851 22 Home equity 857 1,600 - 1,176 9 Agricultural 861 919 - 440 8 Commercial and industrial-owner occupied 8,321 9,520 - 10,314 355 Construction, acquisition and development 4,803 4,803 - 5,379 4 Commercial real estate 2,646 2,646 - 4,391 94 All other - - - - - Total $ 25,365 $ 33,649 $ - $ 29,945 $ 564 With an allowance: Commercial and industrial $ 2,092 $ 2,092 $ 1,837 $ 1,190 $ 20 Real estate: Consumer mortgages - - - 431 - Home equity - - - 367 1 Agricultural - - - 352 - Commercial and industrial-owner occupied - - - 741 - Construction, acquisition and development 1,130 1,130 35 739 10 Commercial real estate 9,650 9,650 2,481 9,868 203 All other - - - - - Total $ 12,872 $ 12,872 $ 4,353 $ 13,688 $ 234 Total: Commercial and industrial $ 8,314 $ 13,948 $ 1,837 $ 7,584 $ 92 Real estate: Consumer mortgages 1,655 2,305 - 2,282 22 Home equity 857 1,600 - 1,543 10 Agricultural 861 919 - 792 8 Commercial and industrial-owner occupied 8,321 9,520 - 11,055 355 Construction, acquisition and development 5,933 5,933 35 6,118 14 Commercial real estate 12,296 12,296 2,481 14,259 297 All other - - - - - Total $ 38,237 $ 46,521 $ 4,353 $ 43,633 $ 798 (1) Excludes $2.2 million of non-accruing TDRs and $26.0 million of 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 nine months ended September 30, 2017 and as of and for the year ended December 31, 2016: September 30, 2017 Recorded Unpaid Principal Average Recorded Investment Interest Income Recognized Investment Balance of Related Three months Nine months Three months Nine months in Impaired Impaired Loans, Allowance ended ended ended ended Loans, including including for Credit September 30, September 30, September 30, September 30, Accruing TDRs Accruing TDRs Losses 2017 2017 2017 2017 (In thousands) With no related allowance: Commercial and industrial $ 4,460 $ 11,545 $ - $ 5,356 $ 6,010 $ - $ 28 Real estate: Consumer mortgages 2,064 2,573 - 1,296 1,325 - 3 Home equity 767 1,510 - 514 483 1 4 Agricultural 5,276 5,909 - 5,262 3,780 - 10 Commercial and industrial-owner occupied 4,223 6,156 - 5,718 6,700 40 148 Construction, acquisition and development - - - 88 1,061 - 1 Commercial real estate 1,759 1,809 - 2,663 2,529 10 15 All other - - - - - - - Total $ 18,549 $ 29,502 $ - $ 20,897 $ 21,888 $ 51 $ 209 With an allowance: Commercial and industrial $ 1,684 $ 1,778 $ 779 $ 2,327 $ 4,804 $ 11 $ 30 Real estate: Consumer mortgages 1,743 2,097 313 2,684 2,432 11 38 Home equity 139 139 16 436 466 2 3 Agricultural 116 127 11 302 248 - 1 Commercial and industrial-owner occupied 4,558 4,984 198 4,009 5,735 39 120 Construction, acquisition and development 568 670 121 646 584 1 7 Commercial real estate 1,671 1,671 129 1,495 6,023 18 59 Credit card 888 888 61 864 856 86 254 All other 472 472 67 475 1,133 5 27 Total $ 11,839 $ 12,826 $ 1,695 $ 13,238 $ 22,281 $ 173 $ 539 Total: Commercial and industrial $ 6,144 $ 13,323 $ 779 $ 7,683 $ 10,814 $ 11 $ 58 Real estate: Consumer mortgages 3,807 4,670 313 3,980 3,757 11 41 Home equity 906 1,649 16 950 949 3 7 Agricultural 5,392 6,036 11 5,564 4,028 - 11 Commercial and industrial-owner occupied 8,781 11,140 198 9,727 12,435 79 268 Construction, acquisition and development 568 670 121 734 1,645 1 8 Commercial real estate 3,430 3,480 129 4,158 8,552 28 74 Credit card 888 888 61 864 856 86 254 All other 472 472 67 475 1,133 5 27 Total $ 30,388 $ 42,328 $ 1,695 $ 34,135 $ 44,169 $ 224 $ 748 December 31, 2016 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 $ 6,222 $ 11,856 $ - $ 6,394 $ 72 Real estate: Consumer mortgages 1,655 2,305 - 1,851 22 Home equity 857 1,600 - 1,176 9 Agricultural 861 919 - 440 8 Commercial and industrial-owner occupied 8,321 9,520 - 10,314 355 Construction, acquisition and development 4,803 4,803 - 5,379 4 Commercial real estate 2,646 2,646 - 4,391 94 All other - - - - - Total $ 25,365 $ 33,649 $ - $ 29,945 $ 564 With an allowance: Commercial and industrial $ 12,401 $ 12,424 $ 1,938 $ 4,045 $ 160 Real estate: Consumer mortgages 2,453 2,734 300 2,241 55 Home equity 3 13 1 377 1 Agricultural 76 76 1 424 4 Commercial and industrial-owner occupied 4,937 5,406 103 4,643 124 Construction, acquisition and development 1,373 1,373 47 1,551 35 Commercial real estate 16,187 16,400 2,532 12,888 336 Credit cards 823 823 58 881 347 All other 2,890 2,927 23 1,894 78 Total $ 41,143 $ 42,176 $ 5,003 $ 28,944 $ 1,140 Total: Commercial and industrial $ 18,623 $ 24,280 $ 1,938 $ 10,439 $ 232 Real estate: Consumer mortgages 4,108 5,039 300 4,092 77 Home equity 860 1,613 1 1,553 10 Agricultural 937 995 1 864 12 Commercial and industrial-owner occupied 13,258 14,926 103 14,957 479 Construction, acquisition and development 6,176 6,176 47 6,930 39 Commercial real estate 18,833 19,046 2,532 17,279 430 Credit cards 823 823 58 881 347 All other 2,890 2,927 23 1,894 78 Total $ 66,508 $ 75,825 $ 5,003 $ 58,889 $ 1,704 Loans considered impaired under Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 310, Receivables (“FASB ASC 310”), are loans 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 September 30, 2017 and December 31, 2016 was $19.7 million and $38.2 million, respectively. At September 30, 2017 and December 31, 2016, $1.2 million and $12.9 million, respectively, of those impaired loans had a valuation allowance of approximately $ 581,000 and $ 4.4 million, respectively. The remaining balance of impaired loans of $18.5 million and $25.3 million at September 30, 2017 and December 31, 2016, respectively, have sufficient collateral supporting the collection of all outstanding principle or were charged down to fair value of the collateral, less estimated selling costs. Therefore, such loans did not have an associated valuation allowance. Impaired loans that were characterized as non-accruing TDRs totaled $1.0 million and $12.6 million at September 30, 2017 and December 31, 2016, 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 because of the borrower’s weakened financial condition. The following table presents information concerning NPLs as of the dates indicated: September 30, December 31, 2017 2016 2016 (In thousands) Non-accrual loans and leases $ 55,796 $ 70,725 $ 71,812 Loans and leases 90 days or more past due, still accruing 1,855 2,255 3,983 Restructured loans and leases still accruing 7,366 17,936 26,047 Total non-performing loans and leases $ 65,017 $ 90,916 $ 101,842 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 September 30, 2017, the Company’s geographic NPL distribution was concentrated primarily in its Arkansas and Mississippi markets. The following table presents the Company’s nonaccrual loans and leases by segment and class as of the dates indicated: September 30, December 31, 2017 2016 2016 (In thousands) Commercial and industrial $ 8,776 $ 11,659 $ 13,679 Real estate Consumer mortgages 23,635 20,196 21,084 Home equity 2,555 3,721 3,817 Agricultural 5,919 1,194 1,546 Commercial and industrial-owner occupied 7,558 11,983 10,791 Construction, acquisition and development 1,771 6,939 7,022 Commercial real estate 4,645 14,793 13,402 Credit cards 126 121 161 All other 811 119 310 Total $ 55,796 $ 70,725 $ 71,812 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 or 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 third quarter of 2017, 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. The following tables summarize the financial effect of TDRs recorded during the periods indicated: Three months ended September 30, 2017 Pre-Modification Post-Modification Number Outstanding Outstanding of Recorded Recorded Contracts Investment Investment (Dollars in thousands) Commercial and industrial 3 $ 404 $ 403 Real estate Commercial and industrial-owner occupied 1 418 416 Commercial real estate 2 787 782 All other 1 7 7 Total 7 $ 1,616 $ 1,608 Nine months ended September 30, 2017 Pre-Modification Post-Modification Number Outstanding Outstanding of Recorded Recorded Contracts Investment Investment (Dollars in thousands) Commercial and industrial 8 $ 929 $ 919 Real estate Consumer mortgages 5 297 296 Home equity 4 149 149 Commercial and industrial-owner occupied 4 1,396 1,389 Commercial real estate 2 787 782 All other 6 64 60 Total 29 $ 3,622 $ 3,595 Year ended December 31, 2016 Pre-Modification Post-Modification Number Outstanding Outstanding of Recorded Recorded Contracts Investment Investment (Dollars in thousands) Commercial and industrial 25 $ 14,469 $ 14,305 Real estate Consumer mortgages 16 1,429 1,354 Home equity 1 3 3 Agricultural 2 79 79 Commercial and industrial-owner occupied 10 4,344 4,331 Commercial real estate 5 8,931 6,702 All other 8 3,622 3,608 Total 67 $ 32,877 $ 30,382 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 September 30, 2017 Number of Recorded Contracts Investment (Dollars in thousands) Commercial and industrial 3 $ 309 Real estate Consumer mortgages 1 65 Commercial and industrial-owner occupied 2 1,078 All other 1 5 Total 7 $ 1,457 Nine months ended September 30, 2017 Number of Recorded Contracts Investment (Dollars in thousands) Commercial and industrial 5 $ 343 Real estate Consumer mortgages 4 456 Home equity 1 48 Agricultural 1 10 Commercial and industrial-owner occupied 5 2,170 All other 3 10 Total 19 $ 3,037 Year ended December 31, 2016 Number of Recorded Contracts Investment (Dollars in thousands) Commercial and industrial 8 $ 3,804 Real estate Consumer mortgages 7 597 Commercial and industrial-owner occupied 2 532 Construction, acquisition and development 1 14 Commercial real estate 1 9,336 All other 2 20 Total 21 $ 14,303 |
ALLOWANCE FOR CREDIT LOSSES
ALLOWANCE FOR CREDIT LOSSES | 9 Months Ended |
Sep. 30, 2017 | |
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: Nine months ended September 30, 2017 Balance, Balance, Beginning of End of Period Charge-offs Recoveries Provision Period (In thousands) Commercial and industrial $ 19,170 $ (6,120) $ 2,005 $ 2,749 $ 17,804 Real estate Consumer mortgages 30,386 (2,311) 1,606 1,024 30,705 Home equity 7,174 (1,023) 844 (1,162) 5,833 Agricultural 2,172 (104) 152 (93) 2,127 Commercial and industrial-owner occupied 12,899 (1,884) 959 2,889 14,863 Construction, acquisition and development 13,957 (113) 1,792 (2,181) 13,455 Commercial real estate 24,845 (69) 295 (3,480) 21,591 Credit cards 7,787 (2,364) 631 1,171 7,225 All other 5,346 (1,861) 825 1,583 5,893 Total $ 123,736 $ (15,849) $ 9,109 $ 2,500 $ 119,496 Year ended December 31, 2016 Balance, Balance, Beginning of End of Period Charge-offs Recoveries Provision Period (In thousands) Commercial and industrial $ 17,583 $ (4,551) $ 1,833 $ 4,305 $ 19,170 Real estate Consumer mortgages 33,198 (2,687) 1,694 (1,819) 30,386 Home equity 6,949 (1,884) 506 1,603 7,174 Agricultural 2,524 (110) 175 (417) 2,172 Commercial and industrial-owner occupied 14,607 (1,095) 544 (1,157) 12,899 Construction, acquisition and development 15,925 (521) 1,373 (2,820) 13,957 Commercial real estate 25,508 (1,129) 2,411 (1,945) 24,845 Credit cards 4,047 (2,845) 850 5,735 7,787 All other 6,117 (2,197) 911 515 5,346 Total $ 126,458 $ (17,019) $ 10,297 $ 4,000 $ 123,736 Nine months ended September 30, 2016 Balance, Balance, Beginning of End of Period Charge-offs Recoveries Provision Period (In thousands) Commercial and industrial $ 17,583 $ (2,068) $ 814 $ 1,516 $ 17,845 Real estate Consumer mortgages 33,198 (1,782) 1,281 (1,078) 31,619 Home equity 6,949 (1,011) 435 1,674 8,047 Agricultural 2,524 (110) 160 (422) 2,152 Commercial and industrial-owner occupied 14,607 (1,075) 343 (1,090) 12,785 Construction, acquisition and development 15,925 (511) 1,178 (3,015) 13,577 Commercial real estate 25,508 (1,129) 2,235 233 26,847 Credit cards 4,047 (2,030) 642 4,459 7,118 All other 6,117 (1,617) 674 723 5,897 Total $ 126,458 $ (11,333) $ 7,762 $ 3,000 $ 125,887 The following tables provide the allowance for credit losses by segment, class and impairment status as of the dates indicated: : September 30, 2017 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 $ 5,009 $ 528 $ 17,276 $ 17,804 Real estate Consumer mortgages 2,064 - 30,705 30,705 Home equity 767 - 5,833 5,833 Agricultural 5,276 - 2,127 2,127 Commercial and industrial-owner occupied 4,223 - 14,863 14,863 Construction, acquisition and development - - 13,455 13,455 Commercial real estate 2,392 53 21,538 21,591 Credit cards - - 7,225 7,225 All other - - 5,893 5,893 Total $ 19,731 $ 581 $ 118,915 $ 119,496 (1) Impaired loans are shown exclusive of accruing TDRs of $7.4 million and $3.3 million of non-accruing TDRs December 31, 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 $ 8,314 $ 1,837 $ 17,333 $ 19,170 Real estate Consumer mortgages 1,655 - 30,386 30,386 Home equity 857 - 7,174 7,174 Agricultural 861 - 2,172 2,172 Commercial and industrial-owner occupied 8,321 - 12,899 12,899 Construction, acquisition and development 5,933 35 13,922 13,957 Commercial real estate 12,296 2,481 22,364 24,845 Credit cards - - 7,787 7,787 All other - - 5,346 5,346 Total $ 38,237 $ 4,353 $ 119,383 $ 123,736 (1) Impaired loans are shown exclusive of accruing TDRs of $26.0 million and $2.2 million of non-accruing TDRs Management evaluates impaired loans individually in determining the adequacy of the allowance for impaired loans. As a result of the Company individually evaluating loans of $500,000 or greater 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 | 9 Months Ended |
Sep. 30, 2017 | |
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: Nine months ended Year ended September 30, December 31, 2017 2016 2016 (In thousands) Balance at beginning of period $ 7,810 $ 14,759 $ 14,759 Additions to foreclosed properties New foreclosed properties 5,173 9,266 9,752 Reductions in foreclosed properties Sales including realized gains and losses, net (5,876) (10,582) (14,183) Writedowns for unrealized losses (1,151) (2,052) (2,518) Balance at end of period $ 5,956 $ 11,391 $ 7,810 The following tables present the OREO by segment and class as of the dates indicated: September 30, December 31, 2017 2016 2016 (In thousands) Commercial and industrial $ - $ - $ - Real estate Consumer mortgages 1,634 1,956 857 Home equity 58 39 39 Agricultural 22 25 22 Commercial and industrial-owner occupied 1,539 1,921 1,958 Construction, acquisition and development 2,390 6,085 3,746 Commercial real estate 244 1,183 1,128 All other 69 182 60 Total $ 5,956 $ 11,391 $ 7,810 The Company incurred total foreclosed property expenses of approximately $447,000 and $ 859,000 for the three months ended September 30, 2017 and 2016, respectively. Realized net losses on dispositions and holding losses on valuations of these properties, a component of total foreclosed property expenses, were approximately $164,000 and $525,000 for the three months ended September 30, 2017 and 2016, respectively. The Company incurred total foreclosed property expenses of approximately $2.5 million and $3.3 million for the nine months ended September 30, 2017 and 2016, respectively. Realized net losses on dispositions and holding losses on valuations of these properties, a component of total foreclosed property expenses, were $ 1.1 million and $2.3 million for the nine months ended September 30, 2017 and 2016, respectively. |
SECURITIES
SECURITIES | 9 Months Ended |
Sep. 30, 2017 | |
SECURITIES [Abstract] | |
SECURITIES | NOTE 5 – SECURITIES A comparison of amortized cost and estimated fair values of available-for-sale securities as of September 30, 2017 and 2016, respectively, and December 31, 2016 follows: September 30, 2017 Gross Gross Estimated Amortized Unrealized Unrealized Fair Cost Gains Losses Value (In thousands) U.S. Government agencies $ 1,693,102 $ 268 $ 6,184 $ 1,687,186 U.S. Government agency issued residential mortgage-backed securities 157,868 1,288 1,265 157,891 U.S. Government agency issued commercial mortgage-backed securities 153,157 1,400 1,048 153,509 Obligations of states and political subdivisions 316,374 14,032 2,092 328,314 FHLB and other securities 32,791 276 - 33,067 Total $ 2,353,292 $ 17,264 $ 10,589 $ 2,359,967 December 31, 2016 Gross Gross Estimated Amortized Unrealized Unrealized Fair Cost Gains Losses Value (In thousands) U.S. Government agencies $ 1,794,231 $ 1,261 $ 6,065 $ 1,789,427 U.S. Government agency issued residential mortgage-backed securities 176,476 1,665 1,898 176,243 U.S. Government agency issued commercial mortgage-backed securities 171,840 1,648 1,209 172,279 Obligations of states and political subdivisions 346,609 15,547 2,151 360,005 FHLB and other securities 32,436 1,286 - 33,722 Total $ 2,521,592 $ 21,407 $ 11,323 $ 2,531,676 September 30, 2016 Gross Gross Estimated Amortized Unrealized Unrealized Fair Cost Gains Losses Value (In thousands) U.S. Government agencies $ 1,686,637 $ 5,330 $ 101 $ 1,691,866 U.S. Government agency issued residential mortgage-backed securities 181,307 2,887 99 184,095 U.S. Government agency issued commercial mortgage-backed securities 175,078 3,831 82 178,827 Obligations of states and political subdivisions 366,039 21,871 2,915 384,995 FHLB and other securities 27,388 1,028 - 28,416 Total $ 2,436,449 $ 34,947 $ 3,197 $ 2,468,199 Gross gains of $1.1 million and no gross losses were recognized on available-for-sale securities during the first nine months of 2017. Gross gains of approximately $89,000 and no gross losses were recognized on available-for-sale securities during the first nine months of 2016. At September 30, 2017, the Company’ available-for-sale securities included FHLB stock with a carrying value of $32.6 million compared to a required investment of $27.6 million. At September 30, 2016 , the Company’ available-for-sale securities included FHLB stock with a carrying value of $ 27.2 million compared to a required investment of $ 27.2 million. The amortized cost and estimated fair value of available-for-sale securities at September 30, 2017 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. September 30, 2017 Estimated Weighted Amortized Fair Average Cost Value Yield (Dollars in thousands) Maturing in one year or less $ 595,396 $ 595,218 1.21 % Maturing after one year through five years 1,170,245 1,165,247 1.40 Maturing after five years through ten years 60,417 61,041 5.94 Maturing after ten years 216,209 227,061 5.13 Mortgage-backed securities 311,025 311,400 2.18 Total $ 2,353,292 $ 2,359,967 The following tables summarize information pertaining to temporarily impaired available-for-sale securities with continuous unrealized loss positions at September 30, 2017 and December 31, 2016: September 30, 2017 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 $ 1,013,354 $ 3,213 $ 335,579 $ 2,971 $ 1,348,933 $ 6,184 U.S. Government agency issued residential mortgage-backed securities 45,264 365 34,636 900 79,900 1,265 U.S. Government agency issued commercial mortgage-backed securities 89,351 684 34,176 364 123,527 1,048 Obligations of states and political subdivisions 8,048 21 7,828 2,071 15,876 2,092 Total $ 1,156,017 $ 4,283 $ 412,219 $ 6,306 $ 1,568,236 $ 10,589 December 31, 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) U.S. Government agencies $ 1,082,573 $ 6,065 $ - $ - $ 1,082,573 $ 6,065 U.S. Government agency issued residential mortgage-backed securities 71,599 1,783 15,375 115 86,974 1,898 U.S. Government agency issued commercial mortgage-backed securities 129,940 1,084 14,385 125 144,325 1,209 Obligations of states and political subdivisions 46,798 2,151 - - 46,798 2,151 Total $ 1,330,910 $ 11,083 $ 29,760 $ 240 $ 1,360,670 $ 11,323 Based upon a review of the credit quality of these securities, management has no intent to sell these securities until the full recovery of unrealized losses, which may be until maturity . Also 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 nine months of 2017 or 2016. |
PER SHARE DATA
PER SHARE DATA | 9 Months Ended |
Sep. 30, 2017 | |
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. There were no weighted-average antidilutive stock options to purchase Company common stock for the three months and nine months ended September 30, 2017 to be excluded from diluted shares. There were no antidilutive other equity awards for the three months and nine months ended September 30, 2017 . Weighted-average antidilutive stock options to purchase approximately 32,400 and 45,000 shares of Company common stock with a weighted average exercise price of $24.47 and $24.71 per share for the three months and nine months ended September 30, 2016, respectively, were excluded from diluted shares. There were no antidilutive other equity awards for the three months and nine months ended September 30, 2016 . 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 September 30, 2017 2016 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 $ 39,528 90,912 $ 0.43 $ 37,817 94,304 $ 0.40 Effect of dilutive share- based awards 188 260 Diluted EPS Income available to common shareholders plus assumed exercise of all outstanding share-based awards $ 39,528 91,100 $ 0.43 $ 37,817 94,564 $ 0.40 Nine months ended September 30, 2017 2016 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 $ 115,510 91,974 $ 1.26 $ 95,058 94,378 $ 1.01 Effect of dilutive share- based awards 183 239 Diluted EPS Income available to common shareholders plus assumed exercise of all outstanding share-based awards $ 115,510 92,157 $ 1.25 $ 95,058 94,617 $ 1.00 |
COMPREHENSIVE INCOME
COMPREHENSIVE INCOME | 9 Months Ended |
Sep. 30, 2017 | |
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 September 30, 2017 2016 Before Net Before Net tax Tax of tax tax Tax of tax amount effect amount amount effect amount Net unrealized losses on available-for- (In thousands) sale securities: Unrealized losses arising during holding period $ (2,082) $ 796 $ (1,286) $ (11,169) $ 4,275 $ (6,894) Reclassification adjustment for net gains realized in net income (1) (5) 2 (3) (1) - (1) Recognized employee benefit plan net periodic benefit cost (2) 1,533 (586) 947 1,511 (578) 933 Other comprehensive loss $ (554) $ 212 $ (342) $ (9,659) $ 3,697 $ (5,962) Net income 39,528 37,817 Comprehensive income $ 39,186 $ 31,855 (1) Reclassification adjustments for net gains 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. Nine months ended September 30, 2017 2016 Before Net Before Net tax Tax of tax tax Tax of tax amount effect amount amount effect amount Net unrealized (losses) gains on available-for- (In thousands) sale securities: Unrealized (losses) gains arising during holding period $ (2,308) $ 880 $ (1,428) $ 8,956 $ (3,424) $ 5,532 Reclassification adjustment for net gains realized in net income (1) (1,099) 420 (679) (89) 34 (55) Recognized employee benefit plan net periodic benefit cost (2) 4,599 (1,758) 2,841 4,533 (1,734) 2,799 Other comprehensive income $ 1,192 $ (458) $ 734 $ 13,400 $ (5,124) $ 8,276 Net income 115,510 95,058 Comprehensive income $ 116,244 $ 103,334 (1) Reclassification adjustments for net gains 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 | 9 Months Ended |
Sep. 30, 2017 | |
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 nine months ended September 30, 2017 were as follows: Community Insurance Banking Agencies Total (In thousands) Balance as of December 31, 2016 $ 217,618 $ 83,180 $ 300,798 Goodwill recorded during the period - - - Balance as of September 30, 2017 $ 217,618 $ 83,180 $ 300,798 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 nine months of 2017 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 September 30, 2017 December 31, 2016 Gross Carrying Accumulated Gross Carrying Accumulated Amount Amortization Amount Amortization Amortized intangible assets: (In thousands) Core deposit intangibles $ 27,801 $ 24,035 $ 27,801 $ 23,721 Customer relationship intangibles 45,758 $ 31,980 46,568 30,406 Non-solicitation intangibles 1,650 $ 1,022 1,850 886 Total $ 75,209 $ 57,037 $ 76,219 $ 55,013 Unamortized intangible assets: Trade names $ 688 $ - $ 688 $ - Three months ended Nine months ended September 30, September 30, 2017 2016 2017 2016 Aggregate amortization expense for: (In thousands) Core deposit intangibles $ 103 $ 112 $ 314 $ 340 Customer relationship intangibles 779 737 2,384 2,075 Non-solicitation intangibles 112 74 336 257 Total $ 994 $ 923 $ 3,034 $ 2,672 The following table presents information regarding estimated amortization expense on the Company’s amortizable identifiable intangible assets for the year ending December 31, 2017 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, 2017 $ 419 $ 3,147 $ 448 $ 4,014 For the year ending December 31, 2018 390 2,696 419 3,505 For the year ending December 31, 2019 363 2,330 97 2,790 For the year ending December 31, 2020 340 2,014 - 2,354 For the year ending December 31, 2021 251 1,591 - 1,842 |
PENSION BENEFITS
PENSION BENEFITS | 9 Months Ended |
Sep. 30, 2017 | |
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 Nine months ended September 30, September 30, 2017 2016 2017 2016 (In thousands) Service cost $ 1,532 $ 2,213 $ 4,596 $ 6,639 Interest cost 2,294 2,341 6,882 7,023 Expected return on assets (2,953) (2,613) (8,859) (7,839) Recognized prior service cost (186) (179) (558) (537) Recognized net loss 1,719 1,690 5,157 5,070 Net periodic benefit costs $ 2,406 $ 3,452 $ 7,218 $ 10,356 |
RECENT PRONOUNCEMENTS
RECENT PRONOUNCEMENTS | 9 Months Ended |
Sep. 30, 2017 | |
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 on January 1, 2017; however, the FASB 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 has conducted its initial assessment and is currently evaluating contracts to assess and quantify accounting methodology changes resulting from the adoption of ASU 2014-09. The Company’s revenues are comprised of net interest income of financial assets and financial liabilities, which are explicitly excluded from the scope of the new standard and noninterest revenue. As the majority of the Company’ revenues are derived from net interest revenue, the ASU is no t expected to have a material impact on the financial position and results of operations of the Company. The Company expects to change how we recognize certain components of noninterest revenue; however we do not expect these changes to have a significant impact on our financial statements. We will adopt the standard in the first quarter of 2018 with a cumulative effect adjustment to opening retained earnings, if such adjustment is deemed to be significant. 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. Effective January 1, 2017, the Company adopted provisions of this ASU which makes several revisions to equity compensation accounting. Under the new guidance all excess tax benefits and deficiencies that occur when an award vests, is exercised, or expires are recognized in income tax expense as discrete period items. Previously, these transactions were typically recorded directly within equity. Consistent with this change, excess tax benefits and deficiencies are no longer included within estimated proceeds when performing the calculation for diluted earnings per share. The presentation of excess tax benefits in the statement of cash flows shifted to an operating activity from the prior classification as a financing activity. ASU 2016-09 also provides an accounting policy election to recognize forfeitures of awards as they occur when estimating stock-based compensation expense rather than the previous requirement to estimate forfeitures from inception. Transition to the new guidance was accomplished through a combination of retrospective, cumulative-effect adjustment to equity and prospective methodologies. The Company estimates based on currently enacted tax rates, that adoption of ASU 2016-09 in 2017 will result in an incremental effect on tax provision ranging from approximately $ 561 ,000 to approximately $ 930, 000 of tax benefit. The actual effects of adoption in 2017 will primarily depend upon the share price of the Company’ stock, which affects the vesting of certain performance awards, probability of exercise of certain stock options and the magnitude of windfalls for all awards upon either vesting or exercise. The effects on earnings per share calculations and election to account for forfeitures as incurred have not been significant. 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. The Company is currently evaluating the potential impact of ASU 2016-13 on our financial statements . A cross-functional working group was designated comprised of individuals from functional areas including credit and finance. The Company is currently coordinating an implementation plan to include assessment of processes, portfolio segmentation, model development, system requirements and the identification of data and resource needs, among other things. While currently unable to reasonably estimate the impact of adopting this ASU, it is expected that the impact of adoption may be influenced by the composition, characteristics and quality of our loan and securities portfolios as well as the prevailing economic conditions and forecasts as of the adoption date. In August 2016, the FASB issued an ASU regarding how certain cash receipts and cash payments are presented and classified in the statement of cash flows. The update addresses eight specific cash flow items whose objective is to reduce existing diversity in practice. This ASU is effective for interim and annual periods after December 15, 2017. The adoption of this ASU is not expected to have a material impact on the financial position and results of operations of the Company. In January 2017, the FASB issued an ASU regarding how goodwill is tested annually. This ASU will simplify the measurement of goodwill which will reduce cost and complexity of the evaluating process. This ASU is effective beginning after December 15, 2019. The adoption of this ASU will not have a material impact on the financial position and results o f operations of the Company. In March 2017, the FASB issued an ASU in order to shorten the amortization period for certain callable debt securities held at a premium. This ASU is effective for interim and annual periods after December 15, 2018. As the Company already uses the earliest call date for debt securities, the adoption of this ASU is not expected to have a material impact on the financial position and results of operations of the Company. In March 2017, the FASB issued an ASU to improve the presentation of net periodic pension cost and net periodic postretirement benefit cost in the financial statements. This ASU will be effective for interim and annual periods after December 15, 2017. As the Company already includes service cost from pension benefits in employee benefits expense, the adoption of this ASU will not have a material impact on the financial position and results of operations of the Company. |
SEGMENT REPORTING
SEGMENT REPORTING | 9 Months Ended |
Sep. 30, 2017 | |
SEGMENT REPORTING [Abstract] | |
SEGMENT REPORTING | NOTE 11 - SEGMENT REPORTING 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 the Banking Services Group, which includes providing a full range of deposit products, commercial loans and consumer loans. The Company has also designated four additional reportable segments --Mortgage, Insurance Agencies, Wealth Management, and General Corporate and Other. The Company’s Mortgage segment includes the mortgage banking activities of originating mortgage loans, selling mortgage loans in the secondary market and servicing the mortgage loans that are sold on a servicing retained basis. 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 Wealth Management segment offers individuals, businesses, governmental institutions and non-profit entities a wide range of solutions to help protect, grow and transfer wealth. Offerings include credit related products, trust and investment management, asset management, retirement and savings solutions, estate planning and annuity products. The General Corporate and Other segment includes other activities not allocated to Banking Services Group, Mortgage, Insurance Agencies or Wealth Management segments. Results of operations and selected financial information by segment for the three-month and nine-month periods ended September 30, 2017 and 2016 were as follows: Banking Services Group Mortgage Insurance Agencies Wealth Management General Corporate and Other Total (In thousands) Three months ended September 30, 2017 Results of Operations Net interest revenue $ 115,899 $ 4,620 $ 11 $ 12 $ 19 $ 120,561 Provision for credit losses - - - - 500 500 Net interest revenue after provision for credit losses 115,899 4,620 11 12 (481) 120,061 Noninterest revenue 21,428 6,910 28,789 5,862 2,971 65,960 Noninterest expense 74,643 7,050 25,766 3,991 15,453 126,903 Income before income taxes 62,684 4,480 3,034 1,883 (12,963) 59,118 Income tax expense (benefit) 21,967 1,677 1,228 705 (5,987) 19,590 Net income $ 40,717 $ 2,803 $ 1,806 $ 1,178 $ (6,976) $ 39,528 Selected Financial Information Total assets at end of period $ 11,421,704 $ 630,986 $ 225,458 $ 24,047 $ 2,458,199 $ 14,760,394 Depreciation and amortization 5,500 226 1,152 25 664 7,567 Banking Services Group Mortgage Insurance Agencies Wealth Management General Corporate and Other Total (In thousands) Three months ended September 30, 2016 Results of Operations Net interest revenue $ 111,772 $ 3,183 $ 11 $ 3 $ (379) $ 114,590 Provision for credit losses - - - - - - Net interest revenue after provision for credit losses 111,772 3,183 11 3 (379) 114,590 Noninterest revenue 23,248 11,080 27,913 5,728 1,704 69,673 Noninterest expense 78,931 6,294 25,335 4,257 13,500 128,317 Income before income taxes 56,089 7,969 2,589 1,474 (12,175) 55,946 Income tax expense (benefit) 18,711 2,906 1,051 538 (5,077) 18,129 Net income $ 37,378 $ 5,063 $ 1,538 $ 936 $ (7,098) $ 37,817 Selected Financial Information Total assets at end of period $ 11,358,022 $ 518,880 $ 217,062 $ 19,509 $ 2,498,010 $ 14,611,483 Depreciation and amortization 5,485 147 1,075 28 606 7,341 Banking Services Group Mortgage Insurance Agencies Wealth Management General Corporate and Other Total (In thousands) Nine months ended September 30, 2017 Results of Operations Net interest revenue $ 340,068 $ 12,472 $ 32 $ 25 $ 53 $ 352,650 Provision for credit losses - - - - 2,500 2,500 Net interest revenue after provision for credit losses 340,068 12,472 32 25 (2,447) 350,150 Noninterest revenue 64,986 22,036 93,188 17,237 7,512 204,959 Noninterest expense 225,119 20,829 78,416 12,120 45,081 381,565 Income before income taxes 179,935 13,679 14,804 5,142 (40,016) 173,544 Income tax expense (benefit) 62,351 5,084 6,063 1,911 (17,375) 58,034 Net income $ 117,584 $ 8,595 $ 8,741 $ 3,231 $ (22,641) $ 115,510 Selected Financial Information Total assets at end of period $ 11,421,704 $ 630,986 $ 225,458 $ 24,047 $ 2,458,199 $ 14,760,394 Depreciation and amortization 16,553 531 3,520 76 1,935 22,615 Banking Services Group Mortgage Insurance Agencies Wealth Management General Corporate and Other Total (In thousands) Nine months ended September 30, 2016 Results of Operations Net interest revenue $ 330,523 $ 8,614 $ 46 $ 5 $ (1,123) $ 338,065 Provision for credit losses - - - - 3,000 3,000 Net interest revenue after provision for credit losses 330,523 8,614 46 5 (4,123) 335,065 Noninterest revenue 69,263 20,778 89,821 17,029 6,035 202,926 Noninterest expense 231,836 18,740 75,598 12,753 58,463 397,390 Income before income taxes 167,950 10,652 14,269 4,281 (56,551) 140,601 Income tax expense (benefit) 57,072 3,873 5,702 1,556 (22,660) 45,543 Net income $ 110,878 $ 6,779 $ 8,567 $ 2,725 $ (33,891) $ 95,058 Selected Financial Information Total assets at end of period $ 11,358,022 $ 518,880 $ 217,062 $ 19,509 $ 2,498,010 $ 14,611,483 Depreciation and amortization 16,128 438 3,169 85 1,875 21,695 The change in income for the Banking Services Group for the three months and nine months ended September 30, 2017 compared to the same periods in 2016 is mainly due to an increase in interest revenue for loans and leases due to the balance and interest rate increase of net loans and leases. The change in income for the Mortgage segment for the three months and nine months ended September 30, 2017 compared to the same periods in 2016 is primarily a result of the negative MSR adjustment of approximately $ 46,000 and approximately $ 621 ,000 recorded during the third quarter and first nine months of 2017, respectively, compared to a positive MSR adjustment of $ 1.8 million and a negative adjustment of $10.2 million recorded during the third quarter and first nine months of 2016 , respectively . The decrease in the loss in the General, Corporate and Other segment when comparing nine-month period is a result of the pre-tax charge of $10.3 million related to a liability associated with an ongoing regulatory matter recorded during the first nine months of 2016 with no such charge recorded during the first nine months of 2017. |
MORTGAGE SERVICING RIGHTS
MORTGAGE SERVICING RIGHTS | 9 Months Ended |
Sep. 30, 2017 | |
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: September 30, December 31, 2017 2016 2016 (Dollars in thousands) Unpaid principal balance $6,506,550 $6,285,027 $6,384,649 Weighted-average prepayment speed (CPR) 9.4 12.7 9.4 Discount rate (annual percentage) 9.8 9.8 9.8 Weighted-average coupon interest rate (percentage) 4.0 4.0 3.9 Weighted-average remaining maturity (months) 326.0 322.0 323.0 Weighted-average servicing fee (basis points) 26.7 26.7 26.7 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 September 30, 2017, the Company had a hedge in place designed to cover approximately 6% 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: 2017 2016 (In thousands) Fair value as of January 1 $ 65,263 $ 57,268 Additions: Origination of servicing assets 9,031 10,684 Changes in fair value: Due to payoffs/paydowns (7,203) (5,784) Due to change in valuation inputs or assumptions used in the valuation model (671) (10,233) Other changes in fair value (3) (5) Fair value as of September 30 $ 66,417 $ 51,930 All of the changes to the fair value of the MSRs are recorded as part of mortgage banking noninterest revenue on the income statement. As part of mortgage banking noninterest revenue, the Company recorded contractual servicing fees of $4.4 million and $4.3 million and late and other ancillary fees of approximately $206,000 and $243,000 for the three months ended September 30, 2017 and 2016, respectively. The Company recorded contractual servicing fees of $13.1 million and $12.6 million and late and other ancillary fees of $1.0 million and $1.5 million for the nine months ended September 30, 2017 and 2016, respectively. |
DERIVATIVE INSTRUMENTS AND OFFS
DERIVATIVE INSTRUMENTS AND OFFSETTING ASSETS AND LIABILITIES | 9 Months Ended |
Sep. 30, 2017 | |
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 September 30, 2017, the notional amount of forward commitments to sell individual fixed-rate mortgage loans was $ 197.6 million with a carrying value and fair value reflecting a gain of approximately $286,000 . At September 30, 2016, the notional amount of forward commitments to sell individual fixed-rate mortgage loans was $264.3 million with a carrying value and fair value reflecting a loss of $ 1.1 million. At September 30, 2017, the notional amount of commitments to fund individual fixed-rate mortgage loans was $ 135.8 million with a carrying value and fair value reflecting a gain of $3.5 million. At September 30, 2016, the notional amount of commitments to fund individual fixed-rate mortgage loans was $223.0 million with a carrying value and fair value reflecting a gain of $6.9 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 September 30, 2017, the notional amount of customer related derivative financial instruments was $325.6 million with an average maturity of 25 months, an average interest receive rate of 3.6% and an average interest pay rate of 5.6% . As of September 30, 2016, the notional amount of customer related derivative financial instruments was $336.0 million with an average maturity of 33 months, an average interest receive rate of 2.8% 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 . Securities sold under agreement to repurchase were $ 421 .0 million and $469.0 million at September 30, 2017 and 2016, respectively. 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: September 30, 2017 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 $ 3,938 $ - $ 3,938 $ - $ - $ 3,938 Loan/lease interest rate swaps 4,374 - 4,374 - - 4,374 Total financial assets $ 8,312 $ - $ 8,312 $ - $ - $ 8,312 . Financial liabilities: Derivatives: Forward commitments $ 414 $ - $ 414 $ - $ - $ 414 Loan/lease interest rate swaps 4,374 - 4,374 - (4,374) - Repurchase arrangements 421,044 - 421,044 (421,044) - - Total financial liabilities $ 425,832 $ - $ 425,832 $ (421,044) $ (4,374) $ 414 December 31, 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 $ 6,701 $ - $ 6,701 $ - $ - $ 6,701 Loan/lease interest rate swaps 9,175 - 9,175 - - 9,175 Total financial assets $ 15,876 $ - $ 15,876 $ - $ - $ 15,876 Financial liabilities: Derivatives: Forward commitments $ 448 $ - $ 448 $ - $ - $ 448 Loan/lease interest rate swaps 9,175 - 9,175 - (9,175) - Repurchase arrangements 454,002 - 454,002 (454,002) - - Total financial liabilities $ 463,625 $ - $ 463,625 $ (454,002) $ (9,175) $ 448 September 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 $ 6,942 $ - $ 6,942 $ - $ - $ 6,942 Loan/lease interest rate swaps 14,041 - 14,041 - - 14,041 Total financial assets $ 20,983 $ - $ 20,983 $ - $ - $ 20,983 Financial liabilities: Derivatives: Forward commitments $ 1,127 $ - $ 1,127 $ - $ - $ 1,127 Loan/lease interest rate swaps 14,041 - 14,041 - (14,041) - Repurchase arrangements 468,969 - 468,969 (468,969) - - Total financial liabilities $ 484,137 $ - $ 484,137 $ (468,969) $ (14,041) $ 1,127 |
FAIR VALUE DISCLOSURES
FAIR VALUE DISCLOSURES | 9 Months Ended |
Sep. 30, 2017 | |
FAIR VALUE DISCLOSURES [Abstract] | |
FAIR VALUE DISCLOSURES | NOTE 14 – FAIR VALUE DISCLOSURES “Fair value” is defined by FASB ASC 820, Fair Value Measurement (“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 2.59% to 4.74% . 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 September 30, 2017 and 2016: September 30, 2017 Level 1 Level 2 Level 3 Total Assets: (In thousands) Available-for-sale securities: U.S. Government agencies $ - $ 1,687,186 $ - $ 1,687,186 U.S. Government agency issued residential mortgage-backed securities - 157,891 - 157,891 U.S. Government agency issued commercial mortgage-backed securities - 153,509 - 153,509 Obligations of states and political subdivisions - 328,314 - 328,314 FHLB and other securities 205 32,862 - 33,067 Mortgage servicing rights - - 66,417 66,417 Derivative instruments - - 8,239 8,239 Loans held for sale - 138,353 - 138,353 Total $ 205 $ 2,498,115 $ 74,656 $ 2,572,976 Liabilities: Derivative instruments $ - $ - $ 4,788 $ 4,788 September 30, 2016 Level 1 Level 2 Level 3 Total Assets: (In thousands) Available-for-sale securities: U.S. Government agencies $ - $ 1,691,866 $ - $ 1,691,866 U.S. Government agency issued residential mortgage-backed securities - 184,095 - 184,095 U.S. Government agency issued commercial mortgage-backed securities - 178,827 - 178,827 Obligations of states and political subdivisions - 384,995 - 384,995 FHLB and other securities 959 27,457 - 28,416 Mortgage servicing rights - - 51,930 51,930 Derivative instruments - - 20,741 20,741 Loans held for sale - 204,441 - 204,441 Total $ 959 $ 2,671,681 $ 72,671 $ 2,745,311 Liabilities: Derivative instruments $ - $ - $ 15,168 $ 15,168 The following tables present the changes in Level 3 assets and liabilities measured at fair value on a recurring basis for the nine-month period ended September 30, 2017 and 2016: Mortgage Servicing Derivative Rights Instruments (In thousands) Balance at December 31, 2016 $ 65,263 $ 6,138 Year to date net gains (losses) included in: Net loss (7,877) (2,687) Other comprehensive income - - Additions 9,031 - Transfers in and/or out of Level 3 - - Balance at September 30, 2017 $ 66,417 $ 3,451 Net unrealized gains (losses) included in net income for the quarter relating to assets and liabilities held at September 30, 2017 $ 36 $ (792) 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 (16,022) 2,316 Other comprehensive income - - Additions 10,684 - Transfers in and/or out of Level 3 - - Balance at September 30, 2016 $ 51,930 $ 5,573 Net unrealized gains included in net income for the quarter relating to assets and liabilities held at September 30, 2016 $ 1,813 $ 544 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 September 30, 2017 and 2016: September 30, 2017 Nine months ended September 30, 2017 Level 1 Level 2 Level 3 Total Net Losses Assets: (In thousands) Impaired loans $ - $ - $ 19,731 19,731 $ (6,805) Other real estate owned - - 5,956 5,956 (741) September 30, 2016 Nine months ended September 30, 2016 Net Losses Assets: (In thousands) Impaired loans $ - $ - $ 39,113 39,113 $ (1,520) Other real estate owned - - 11,391 11,391 (1,389) 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 that are used by the Company in estimating fair values of financial instruments and that are not disclosed above in Note 14 are set forth below. 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 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 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 $79.9 million at September 30, 2017, 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 September 30, 2017 and December 31, 2016: September 30, 2017 December 31, 2016 Carrying Fair Carrying Fair Value Value Value Value Assets: (In thousands) Cash and due from banks $ 167,871 $ 167,871 $ 184,152 $ 184,152 Interest bearing deposits with other banks 52,316 52,316 38,813 38,813 Available-for-sale securities 2,359,967 2,359,967 2,531,676 2,531,676 Net loans and leases 10,936,013 10,967,885 10,688,255 10,692,820 Loans held for sale 138,353 138,353 166,927 166,927 Liabilities: Noninterest bearing deposits 3,414,397 3,414,397 3,250,537 3,250,537 Savings and interest bearing deposits 6,563,160 6,563,160 6,596,289 6,596,289 Other time deposits 1,798,431 1,816,705 1,841,315 1,857,506 Federal funds purchased and securities sold under agreement to repurchase and other short-term borrowings 1,046,044 1,044,525 546,002 545,002 Long-term debt and other borrowings 30,000 31,413 542,888 547,273 Derivative instruments: Forward commitments to sell fixed rate mortgage loans 286 286 2,903 2,903 Commitments to fund fixed rate mortgage loans 3,549 3,549 3,362 3,362 Interest rate swap position to receive 4,301 4,301 9,061 9,061 Interest rate swap position to pay (4,374) (4,374) (9,175) (9,175) |
OTHER NONINTEREST REVENUE AND E
OTHER NONINTEREST REVENUE AND EXPENSE | 9 Months Ended |
Sep. 30, 2017 | |
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 nine months ended September 30, 2017 and 2016: Three months ended Nine months ended September 30, September 30, 2017 2016 2017 2016 (In thousands) Bank-owned life insurance $ 2,700 $ 1,775 $ 6,079 $ 5,481 Other miscellaneous income 2,610 2,699 9,634 9,446 Total other noninterest income $ 5,310 $ 4,474 $ 15,713 $ 14,927 The following table details other noninterest expense for the three months and nine months ended September 30, 2017 and 2016: Three months ended Nine months ended September 30, September 30, 2017 2016 2017 2016 (In thousands) Advertising $ 1,185 $ 925 $ 2,885 $ 2,601 Foreclosed property expense 447 859 2,457 3,349 Telecommunications 1,192 1,288 3,572 3,842 Public relations 675 718 2,049 1,978 Data processing 6,942 6,856 20,795 19,932 Computer software 3,074 2,976 8,968 8,368 Amortization of intangibles 994 923 3,034 2,672 Legal fees 1,016 1,064 3,575 7,353 Merger expense - - - 2 Postage and shipping 1,050 1,059 3,305 3,161 Other miscellaneous expense 12,719 13,703 37,825 41,243 Total other noninterest expense $ 29,294 $ 30,371 $ 88,465 $ 94,501 |
COMMITMENTS AND CONTINGENT LIAB
COMMITMENTS AND CONTINGENT LIABILITIES | 9 Months Ended |
Sep. 30, 2017 | |
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 pro cure reasonable amounts of 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 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 policies have deductibles , and they will likely not cover all such litigation, other proceedings or claims, or the related 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 $2.9 million accrued as of September 30, 2017, 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 July 31, 2014 the Company, its Chief Executive Officer and former 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 was subsequently amended to add the Company’s 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 regarding the Company’s compliance with certain Bank Secrecy Act and anti-money laundering requirements. On July 10, 2015, the District Court granted in part and denied in part the defendants’ motion to dismiss, holding that the statements concerning the Company’s expectations about the closing of the mergers were “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act, were protected by the safe harbor provision of the Private Securities Litigation Reform Act of 1995, and thus were not actionable . Class certification was granted by the District Court on April 21, 2016, and a petition for immediate appeal of the class certification order was filed and was granted. The U.S. Sixth Circuit Court of Appeals vacated the class certification order and remanded the case to the District Court for further proceedings. On June 26, 2017 the District Court issued a Memorandum Opinion and signed an Order granting class certification. On July 10, 2017 the defendants again filed a Petition for Permission to Appeal Pursuant to Rule of Civil Procedure 23(f) in the U.S. Sixth Circuit Court of Appeals. The Rule 23(f) petition was denied and on October 2, 2017, the Bank sought en banc reconsideration of that ruling. The plaintiff seeks an unspecified amount of damages and awards of costs and attorneys’ fees and such other equitable relief as the District 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 the second class certification order will withstand review and the exact amount of damages 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 the second and third 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 that was filed with the SEC on June 29, 2016 which are incorporated herein by reference. |
LONG-TERM DEBT
LONG-TERM DEBT | 9 Months Ended |
Sep. 30, 2017 | |
LONG-TERM DEBT [Abstract] | |
LONG-TERM DEBT | NOTE 17 – LONG-TERM DEBT The Company had long-term borrowings from FHLB of $30.0 million and $530.0 million at September 30, 2017 and December 31, 2016, respectively. |
LOANS AND LEASES (Tables)
LOANS AND LEASES (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
LOANS AND LEASES [Abstract] | |
Gross Loans And Leases By Segment And Class | September 30, December 31, 2017 2016 2016 (In thousands) Commercial and industrial $ 1,508,794 $ 1,619,668 $ 1,615,608 Real estate Consumer mortgages 2,826,333 2,611,387 2,643,966 Home equity 626,961 622,566 628,846 Agricultural 247,211 242,171 245,377 Commercial and industrial-owner occupied 1,835,430 1,668,477 1,764,265 Construction, acquisition and development 1,175,979 1,121,386 1,157,248 Commercial real estate 2,336,219 2,240,717 2,237,719 Credit cards 104,613 107,447 109,656 All other 411,766 451,347 432,827 Gross Loans Total (1) 11,073,306 10,685,166 10,835,512 Less: Unearned Income 17,797 26,405 23,521 Net Loans $ 11,055,509 $ 10,658,761 $ 10,811,991 (1) Gross loans and leases are net of deferred costs of $3.5 million, $2.2 million and approximately $282,000 at September 30, 2017 and 2016 and December 31, 2016, respectively. |
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 $ 136,368 $ 195,461 $ 193,882 $ 551,391 $ 70,856 $ 108,389 $ 200,118 $ 49,887 $ 1,506,352 Real estate Consumer mortgages 379,388 327,113 233,715 879,524 92,807 316,209 543,855 53,722 2,826,333 Home equity 96,418 47,361 70,916 230,493 21,531 139,521 19,348 1,373 626,961 Agricultural 8,298 83,830 25,290 66,829 7,205 13,019 42,722 18 247,211 Commercial and industrial-owner occupied 210,503 203,249 223,947 710,693 46,384 154,354 286,300 - 1,835,430 Construction, acquisition and development 126,581 75,400 57,445 355,559 20,391 164,014 376,589 - 1,175,979 Commercial real estate 300,226 357,712 236,589 574,667 209,097 212,296 445,632 - 2,336,219 Credit cards - - - - - - - 104,613 104,613 All other 52,154 40,023 22,141 210,898 2,969 22,066 39,332 6,828 396,411 Total $ 1,309,936 $ 1,330,149 $ 1,063,925 $ 3,580,054 $ 471,240 $ 1,129,868 $ 1,953,896 $ 216,441 $ 11,055,509 |
Aging Of Loan And Lease Portfolio, Net Of Unearned Income, By Segment And Class | September 30, 2017 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 $ 2,704 $ 2,083 $ 7,091 $ 11,878 $ 1,494,474 $ 1,506,352 $ 115 Real estate Consumer mortgages 15,221 6,328 13,620 35,169 2,791,164 2,826,333 1,240 Home equity 1,380 681 1,479 3,540 623,421 626,961 - Agricultural 1,737 27 4,793 6,557 240,654 247,211 34 Commercial and industrial-owner occupied 3,294 2,083 4,134 9,511 1,825,919 1,835,430 - Construction, acquisition and development 4,441 100 1,583 6,124 1,169,855 1,175,979 - Commercial real estate 632 607 2,478 3,717 2,332,502 2,336,219 - Credit cards 427 329 492 1,248 103,365 104,613 466 All other 479 273 250 1,002 395,409 396,411 - Total $ 30,315 $ 12,511 $ 35,920 $ 78,746 $ 10,976,763 $ 11,055,509 $ 1,855 December 31, 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 $ 3,231 $ 1,610 $ 9,152 $ 13,993 $ 1,598,302 $ 1,612,295 $ 58 Real estate Consumer mortgages 12,393 6,785 15,054 34,232 2,609,734 2,643,966 3,439 Home equity 2,771 670 2,959 6,400 622,446 628,846 - Agricultural 969 354 247 1,570 243,807 245,377 - Commercial and industrial-owner occupied 2,551 530 4,342 7,423 1,756,842 1,764,265 - Construction, acquisition and development 2,101 440 1,443 3,984 1,153,264 1,157,248 14 Commercial real estate 312 933 11,211 12,456 2,225,263 2,237,719 - Credit cards 466 297 501 1,264 108,392 109,656 472 All other 550 148 230 928 411,691 412,619 - Total $ 25,344 $ 11,767 $ 45,139 $ 82,250 $ 10,729,741 $ 10,811,991 $ 3,983 |
Loan And Lease Portfolio, Net Of Unearned Income, By Segment, Class And Internally Assigned Grade | September 30, 2017 Special Pass Mention Substandard Doubtful Loss Impaired (1) Total (In thousands) Commercial and industrial $ 1,449,512 $ 762 $ 50,633 $ 290 $ 146 $ 5,009 $ 1,506,352 Real estate Consumer mortgages 2,768,161 - 55,836 272 - 2,064 2,826,333 Home equity 617,463 - 8,731 - - 767 626,961 Agricultural 234,563 - 7,372 - - 5,276 247,211 Commercial and industrial-owner occupied 1,766,055 2,920 62,232 - - 4,223 1,835,430 Construction, acquisition and development 1,159,359 3,718 12,902 - - - 1,175,979 Commercial real estate 2,293,845 - 39,805 177 - 2,392 2,336,219 Credit cards 104,613 - - - - - 104,613 All other 392,100 - 4,211 100 - - 396,411 Total $ 10,785,671 $ 7,400 $ 241,722 $ 839 $ 146 $ 19,731 $ 11,055,509 (1) Impaired loans are shown exclusive of $7.4 million of accruing troubled debt restructurings (“TDRs”) and $3.3 million of non-accruing TDRs. December 31, 2016 Special Pass Mention Substandard Doubtful Loss Impaired (1) Total (In thousands) Commercial and industrial $ 1,562,263 $ - $ 41,618 $ 100 $ - $ 8,314 $ 1,612,295 Real estate Consumer mortgages 2,579,905 522 61,602 282 - 1,655 2,643,966 Home equity 616,758 - 11,231 - - 857 628,846 Agricultural 233,939 - 10,577 - - 861 245,377 Commercial and industrial-owner occupied 1,705,266 3,668 47,010 - - 8,321 1,764,265 Construction, acquisition and development 1,135,618 - 15,697 - - 5,933 1,157,248 Commercial real estate 2,179,318 634 45,471 - - 12,296 2,237,719 Credit cards 109,656 - - - - - 109,656 All other 405,611 - 7,008 - - - 412,619 Total $ 10,528,334 $ 4,824 $ 240,214 $ 382 $ - $ 38,237 $ 10,811,991 (1) Impaired loans are shown exclusive of $26.0 million of accruing TDRs and $2.2 million of non-accruing TDRs. |
Impaired Loans And Leases, Net Of Unearned Income, By Segment And Class | 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 nine months ended September 30, 2017 and as of and for the year ended December 31, 2016: September 30, 2017 Unpaid Average Recorded Investment Interest Income Recognized Recorded Principal Related Three months Nine months Three months Nine months Investment Balance of Allowance ended ended ended ended in Impaired Impaired for Credit September 30, September 30, September 30, September 30, Loans (1) Loans Losses 2017 2017 2017 2017 (In thousands) With no related allowance: Commercial and industrial $ 4,460 $ 11,545 $ - $ 5,356 $ 6,010 $ - $ 28 Real estate: Consumer mortgages 2,064 2,573 - 1,296 1,325 - 3 Home equity 767 1,510 - 514 483 1 4 Agricultural 5,276 5,909 - 5,262 3,780 - 10 Commercial and industrial-owner occupied 4,223 6,156 - 5,718 6,700 40 148 Construction, acquisition and development - - - 88 1,061 - 1 Commercial real estate 1,759 1,809 - 2,663 2,529 10 15 All other - - - - - - - Total $ 18,549 $ 29,502 $ - $ 20,897 $ 21,888 $ 51 $ 209 With an allowance: Commercial and industrial $ 549 $ 549 $ 528 $ 1,281 $ 2,978 $ - $ 2 Real estate: Consumer mortgages - - - 997 531 - - Home equity - - - 294 353 - - Agricultural - - - - - - - Commercial and industrial-owner occupied - - - - 1,685 - 5 Construction, acquisition and development - - - - 155 - - Commercial real estate 633 633 53 899 4,348 10 20 All other - - - - - - - Total $ 1,182 $ 1,182 $ 581 $ 3,471 $ 10,050 $ 10 $ 27 Total: Commercial and industrial $ 5,009 $ 12,094 $ 528 $ 6,637 $ 8,988 $ - $ 30 Real estate: Consumer mortgages 2,064 2,573 - 2,293 1,856 - 3 Home equity 767 1,510 - 808 836 1 4 Agricultural 5,276 5,909 - 5,262 3,780 - 10 Commercial and industrial-owner occupied 4,223 6,156 - 5,718 8,385 40 153 Construction, acquisition and development - - - 88 1,216 - 1 Commercial real estate 2,392 2,442 53 3,562 6,877 20 35 All other - - - - - - - Total $ 19,731 $ 30,684 $ 581 $ 24,368 $ 31,938 $ 61 $ 236 (1) Excludes $3.3 million of non-accruing TDRs and $7.4 million of accruing TDRs. December 31, 2016 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 $ 6,222 $ 11,856 $ - $ 6,394 $ 72 Real estate: Consumer mortgages 1,655 2,305 - 1,851 22 Home equity 857 1,600 - 1,176 9 Agricultural 861 919 - 440 8 Commercial and industrial-owner occupied 8,321 9,520 - 10,314 355 Construction, acquisition and development 4,803 4,803 - 5,379 4 Commercial real estate 2,646 2,646 - 4,391 94 All other - - - - - Total $ 25,365 $ 33,649 $ - $ 29,945 $ 564 With an allowance: Commercial and industrial $ 2,092 $ 2,092 $ 1,837 $ 1,190 $ 20 Real estate: Consumer mortgages - - - 431 - Home equity - - - 367 1 Agricultural - - - 352 - Commercial and industrial-owner occupied - - - 741 - Construction, acquisition and development 1,130 1,130 35 739 10 Commercial real estate 9,650 9,650 2,481 9,868 203 All other - - - - - Total $ 12,872 $ 12,872 $ 4,353 $ 13,688 $ 234 Total: Commercial and industrial $ 8,314 $ 13,948 $ 1,837 $ 7,584 $ 92 Real estate: Consumer mortgages 1,655 2,305 - 2,282 22 Home equity 857 1,600 - 1,543 10 Agricultural 861 919 - 792 8 Commercial and industrial-owner occupied 8,321 9,520 - 11,055 355 Construction, acquisition and development 5,933 5,933 35 6,118 14 Commercial real estate 12,296 12,296 2,481 14,259 297 All other - - - - - Total $ 38,237 $ 46,521 $ 4,353 $ 43,633 $ 798 (1) Excludes $2.2 million of non-accruing TDRs and $26.0 million of 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 nine months ended September 30, 2017 and as of and for the year ended December 31, 2016: September 30, 2017 Recorded Unpaid Principal Average Recorded Investment Interest Income Recognized Investment Balance of Related Three months Nine months Three months Nine months in Impaired Impaired Loans, Allowance ended ended ended ended Loans, including including for Credit September 30, September 30, September 30, September 30, Accruing TDRs Accruing TDRs Losses 2017 2017 2017 2017 (In thousands) With no related allowance: Commercial and industrial $ 4,460 $ 11,545 $ - $ 5,356 $ 6,010 $ - $ 28 Real estate: Consumer mortgages 2,064 2,573 - 1,296 1,325 - 3 Home equity 767 1,510 - 514 483 1 4 Agricultural 5,276 5,909 - 5,262 3,780 - 10 Commercial and industrial-owner occupied 4,223 6,156 - 5,718 6,700 40 148 Construction, acquisition and development - - - 88 1,061 - 1 Commercial real estate 1,759 1,809 - 2,663 2,529 10 15 All other - - - - - - - Total $ 18,549 $ 29,502 $ - $ 20,897 $ 21,888 $ 51 $ 209 With an allowance: Commercial and industrial $ 1,684 $ 1,778 $ 779 $ 2,327 $ 4,804 $ 11 $ 30 Real estate: Consumer mortgages 1,743 2,097 313 2,684 2,432 11 38 Home equity 139 139 16 436 466 2 3 Agricultural 116 127 11 302 248 - 1 Commercial and industrial-owner occupied 4,558 4,984 198 4,009 5,735 39 120 Construction, acquisition and development 568 670 121 646 584 1 7 Commercial real estate 1,671 1,671 129 1,495 6,023 18 59 Credit card 888 888 61 864 856 86 254 All other 472 472 67 475 1,133 5 27 Total $ 11,839 $ 12,826 $ 1,695 $ 13,238 $ 22,281 $ 173 $ 539 Total: Commercial and industrial $ 6,144 $ 13,323 $ 779 $ 7,683 $ 10,814 $ 11 $ 58 Real estate: Consumer mortgages 3,807 4,670 313 3,980 3,757 11 41 Home equity 906 1,649 16 950 949 3 7 Agricultural 5,392 6,036 11 5,564 4,028 - 11 Commercial and industrial-owner occupied 8,781 11,140 198 9,727 12,435 79 268 Construction, acquisition and development 568 670 121 734 1,645 1 8 Commercial real estate 3,430 3,480 129 4,158 8,552 28 74 Credit card 888 888 61 864 856 86 254 All other 472 472 67 475 1,133 5 27 Total $ 30,388 $ 42,328 $ 1,695 $ 34,135 $ 44,169 $ 224 $ 748 December 31, 2016 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 $ 6,222 $ 11,856 $ - $ 6,394 $ 72 Real estate: Consumer mortgages 1,655 2,305 - 1,851 22 Home equity 857 1,600 - 1,176 9 Agricultural 861 919 - 440 8 Commercial and industrial-owner occupied 8,321 9,520 - 10,314 355 Construction, acquisition and development 4,803 4,803 - 5,379 4 Commercial real estate 2,646 2,646 - 4,391 94 All other - - - - - Total $ 25,365 $ 33,649 $ - $ 29,945 $ 564 With an allowance: Commercial and industrial $ 12,401 $ 12,424 $ 1,938 $ 4,045 $ 160 Real estate: Consumer mortgages 2,453 2,734 300 2,241 55 Home equity 3 13 1 377 1 Agricultural 76 76 1 424 4 Commercial and industrial-owner occupied 4,937 5,406 103 4,643 124 Construction, acquisition and development 1,373 1,373 47 1,551 35 Commercial real estate 16,187 16,400 2,532 12,888 336 Credit cards 823 823 58 881 347 All other 2,890 2,927 23 1,894 78 Total $ 41,143 $ 42,176 $ 5,003 $ 28,944 $ 1,140 Total: Commercial and industrial $ 18,623 $ 24,280 $ 1,938 $ 10,439 $ 232 Real estate: Consumer mortgages 4,108 5,039 300 4,092 77 Home equity 860 1,613 1 1,553 10 Agricultural 937 995 1 864 12 Commercial and industrial-owner occupied 13,258 14,926 103 14,957 479 Construction, acquisition and development 6,176 6,176 47 6,930 39 Commercial real estate 18,833 19,046 2,532 17,279 430 Credit cards 823 823 58 881 347 All other 2,890 2,927 23 1,894 78 Total $ 66,508 $ 75,825 $ 5,003 $ 58,889 $ 1,704 |
Non-Performing Loans And Leases | September 30, December 31, 2017 2016 2016 (In thousands) Non-accrual loans and leases $ 55,796 $ 70,725 $ 71,812 Loans and leases 90 days or more past due, still accruing 1,855 2,255 3,983 Restructured loans and leases still accruing 7,366 17,936 26,047 Total non-performing loans and leases $ 65,017 $ 90,916 $ 101,842 |
Nonaccrual Loans And Leases By Segment And Class | September 30, December 31, 2017 2016 2016 (In thousands) Commercial and industrial $ 8,776 $ 11,659 $ 13,679 Real estate Consumer mortgages 23,635 20,196 21,084 Home equity 2,555 3,721 3,817 Agricultural 5,919 1,194 1,546 Commercial and industrial-owner occupied 7,558 11,983 10,791 Construction, acquisition and development 1,771 6,939 7,022 Commercial real estate 4,645 14,793 13,402 Credit cards 126 121 161 All other 811 119 310 Total $ 55,796 $ 70,725 $ 71,812 |
Troubled Debt Restructurings | The following tables summarize the financial effect of TDRs recorded during the periods indicated: Three months ended September 30, 2017 Pre-Modification Post-Modification Number Outstanding Outstanding of Recorded Recorded Contracts Investment Investment (Dollars in thousands) Commercial and industrial 3 $ 404 $ 403 Real estate Commercial and industrial-owner occupied 1 418 416 Commercial real estate 2 787 782 All other 1 7 7 Total 7 $ 1,616 $ 1,608 Nine months ended September 30, 2017 Pre-Modification Post-Modification Number Outstanding Outstanding of Recorded Recorded Contracts Investment Investment (Dollars in thousands) Commercial and industrial 8 $ 929 $ 919 Real estate Consumer mortgages 5 297 296 Home equity 4 149 149 Commercial and industrial-owner occupied 4 1,396 1,389 Commercial real estate 2 787 782 All other 6 64 60 Total 29 $ 3,622 $ 3,595 Year ended December 31, 2016 Pre-Modification Post-Modification Number Outstanding Outstanding of Recorded Recorded Contracts Investment Investment (Dollars in thousands) Commercial and industrial 25 $ 14,469 $ 14,305 Real estate Consumer mortgages 16 1,429 1,354 Home equity 1 3 3 Agricultural 2 79 79 Commercial and industrial-owner occupied 10 4,344 4,331 Commercial real estate 5 8,931 6,702 All other 8 3,622 3,608 Total 67 $ 32,877 $ 30,382 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 September 30, 2017 Number of Recorded Contracts Investment (Dollars in thousands) Commercial and industrial 3 $ 309 Real estate Consumer mortgages 1 65 Commercial and industrial-owner occupied 2 1,078 All other 1 5 Total 7 $ 1,457 Nine months ended September 30, 2017 Number of Recorded Contracts Investment (Dollars in thousands) Commercial and industrial 5 $ 343 Real estate Consumer mortgages 4 456 Home equity 1 48 Agricultural 1 10 Commercial and industrial-owner occupied 5 2,170 All other 3 10 Total 19 $ 3,037 Year ended December 31, 2016 Number of Recorded Contracts Investment (Dollars in thousands) Commercial and industrial 8 $ 3,804 Real estate Consumer mortgages 7 597 Commercial and industrial-owner occupied 2 532 Construction, acquisition and development 1 14 Commercial real estate 1 9,336 All other 2 20 Total 21 $ 14,303 |
ALLOWANCE FOR CREDIT LOSSES (Ta
ALLOWANCE FOR CREDIT LOSSES (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
ALLOWANCE FOR CREDIT LOSSES [Abstract] | |
Changes In The Allowance For Credit Losses By Segment And Class | Nine months ended September 30, 2017 Balance, Balance, Beginning of End of Period Charge-offs Recoveries Provision Period (In thousands) Commercial and industrial $ 19,170 $ (6,120) $ 2,005 $ 2,749 $ 17,804 Real estate Consumer mortgages 30,386 (2,311) 1,606 1,024 30,705 Home equity 7,174 (1,023) 844 (1,162) 5,833 Agricultural 2,172 (104) 152 (93) 2,127 Commercial and industrial-owner occupied 12,899 (1,884) 959 2,889 14,863 Construction, acquisition and development 13,957 (113) 1,792 (2,181) 13,455 Commercial real estate 24,845 (69) 295 (3,480) 21,591 Credit cards 7,787 (2,364) 631 1,171 7,225 All other 5,346 (1,861) 825 1,583 5,893 Total $ 123,736 $ (15,849) $ 9,109 $ 2,500 $ 119,496 Year ended December 31, 2016 Balance, Balance, Beginning of End of Period Charge-offs Recoveries Provision Period (In thousands) Commercial and industrial $ 17,583 $ (4,551) $ 1,833 $ 4,305 $ 19,170 Real estate Consumer mortgages 33,198 (2,687) 1,694 (1,819) 30,386 Home equity 6,949 (1,884) 506 1,603 7,174 Agricultural 2,524 (110) 175 (417) 2,172 Commercial and industrial-owner occupied 14,607 (1,095) 544 (1,157) 12,899 Construction, acquisition and development 15,925 (521) 1,373 (2,820) 13,957 Commercial real estate 25,508 (1,129) 2,411 (1,945) 24,845 Credit cards 4,047 (2,845) 850 5,735 7,787 All other 6,117 (2,197) 911 515 5,346 Total $ 126,458 $ (17,019) $ 10,297 $ 4,000 $ 123,736 Nine months ended September 30, 2016 Balance, Balance, Beginning of End of Period Charge-offs Recoveries Provision Period (In thousands) Commercial and industrial $ 17,583 $ (2,068) $ 814 $ 1,516 $ 17,845 Real estate Consumer mortgages 33,198 (1,782) 1,281 (1,078) 31,619 Home equity 6,949 (1,011) 435 1,674 8,047 Agricultural 2,524 (110) 160 (422) 2,152 Commercial and industrial-owner occupied 14,607 (1,075) 343 (1,090) 12,785 Construction, acquisition and development 15,925 (511) 1,178 (3,015) 13,577 Commercial real estate 25,508 (1,129) 2,235 233 26,847 Credit cards 4,047 (2,030) 642 4,459 7,118 All other 6,117 (1,617) 674 723 5,897 Total $ 126,458 $ (11,333) $ 7,762 $ 3,000 $ 125,887 |
Allowance For Credit Losses By Segment, Class And Impairment Status | September 30, 2017 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 $ 5,009 $ 528 $ 17,276 $ 17,804 Real estate Consumer mortgages 2,064 - 30,705 30,705 Home equity 767 - 5,833 5,833 Agricultural 5,276 - 2,127 2,127 Commercial and industrial-owner occupied 4,223 - 14,863 14,863 Construction, acquisition and development - - 13,455 13,455 Commercial real estate 2,392 53 21,538 21,591 Credit cards - - 7,225 7,225 All other - - 5,893 5,893 Total $ 19,731 $ 581 $ 118,915 $ 119,496 (1) Impaired loans are shown exclusive of accruing TDRs of $7.4 million and $3.3 million of non-accruing TDRs December 31, 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 $ 8,314 $ 1,837 $ 17,333 $ 19,170 Real estate Consumer mortgages 1,655 - 30,386 30,386 Home equity 857 - 7,174 7,174 Agricultural 861 - 2,172 2,172 Commercial and industrial-owner occupied 8,321 - 12,899 12,899 Construction, acquisition and development 5,933 35 13,922 13,957 Commercial real estate 12,296 2,481 22,364 24,845 Credit cards - - 7,787 7,787 All other - - 5,346 5,346 Total $ 38,237 $ 4,353 $ 119,383 $ 123,736 (1) Impaired loans are shown exclusive of accruing TDRs of $26.0 million and $2.2 million of non-accruing TDRs |
OTHER REAL ESTATE OWNED (Tables
OTHER REAL ESTATE OWNED (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
OTHER REAL ESTATE OWNED [Abstract] | |
Activity In Other Real Estate Owned | Nine months ended Year ended September 30, December 31, 2017 2016 2016 (In thousands) Balance at beginning of period $ 7,810 $ 14,759 $ 14,759 Additions to foreclosed properties New foreclosed properties 5,173 9,266 9,752 Reductions in foreclosed properties Sales including realized gains and losses, net (5,876) (10,582) (14,183) Writedowns for unrealized losses (1,151) (2,052) (2,518) Balance at end of period $ 5,956 $ 11,391 $ 7,810 |
Other Real Estate Owned By Segment And Class | September 30, December 31, 2017 2016 2016 (In thousands) Commercial and industrial $ - $ - $ - Real estate Consumer mortgages 1,634 1,956 857 Home equity 58 39 39 Agricultural 22 25 22 Commercial and industrial-owner occupied 1,539 1,921 1,958 Construction, acquisition and development 2,390 6,085 3,746 Commercial real estate 244 1,183 1,128 All other 69 182 60 Total $ 5,956 $ 11,391 $ 7,810 |
SECURITIES (Tables)
SECURITIES (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
SECURITIES [Abstract] | |
Amortized Cost And Estimated Fair Values Of Available-For-Sale Securities | September 30, 2017 Gross Gross Estimated Amortized Unrealized Unrealized Fair Cost Gains Losses Value (In thousands) U.S. Government agencies $ 1,693,102 $ 268 $ 6,184 $ 1,687,186 U.S. Government agency issued residential mortgage-backed securities 157,868 1,288 1,265 157,891 U.S. Government agency issued commercial mortgage-backed securities 153,157 1,400 1,048 153,509 Obligations of states and political subdivisions 316,374 14,032 2,092 328,314 FHLB and other securities 32,791 276 - 33,067 Total $ 2,353,292 $ 17,264 $ 10,589 $ 2,359,967 December 31, 2016 Gross Gross Estimated Amortized Unrealized Unrealized Fair Cost Gains Losses Value (In thousands) U.S. Government agencies $ 1,794,231 $ 1,261 $ 6,065 $ 1,789,427 U.S. Government agency issued residential mortgage-backed securities 176,476 1,665 1,898 176,243 U.S. Government agency issued commercial mortgage-backed securities 171,840 1,648 1,209 172,279 Obligations of states and political subdivisions 346,609 15,547 2,151 360,005 FHLB and other securities 32,436 1,286 - 33,722 Total $ 2,521,592 $ 21,407 $ 11,323 $ 2,531,676 September 30, 2016 Gross Gross Estimated Amortized Unrealized Unrealized Fair Cost Gains Losses Value (In thousands) U.S. Government agencies $ 1,686,637 $ 5,330 $ 101 $ 1,691,866 U.S. Government agency issued residential mortgage-backed securities 181,307 2,887 99 184,095 U.S. Government agency issued commercial mortgage-backed securities 175,078 3,831 82 178,827 Obligations of states and political subdivisions 366,039 21,871 2,915 384,995 FHLB and other securities 27,388 1,028 - 28,416 Total $ 2,436,449 $ 34,947 $ 3,197 $ 2,468,199 |
Amortized Cost And Estimated Fair Value Of Available-For-Sale Securities By Contractual Maturity | September 30, 2017 Estimated Weighted Amortized Fair Average Cost Value Yield (Dollars in thousands) Maturing in one year or less $ 595,396 $ 595,218 1.21 % Maturing after one year through five years 1,170,245 1,165,247 1.40 Maturing after five years through ten years 60,417 61,041 5.94 Maturing after ten years 216,209 227,061 5.13 Mortgage-backed securities 311,025 311,400 2.18 Total $ 2,353,292 $ 2,359,967 |
Temporarily Impaired Available-For-Sale Securities With Continuous Unrealized Loss Positions | September 30, 2017 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 $ 1,013,354 $ 3,213 $ 335,579 $ 2,971 $ 1,348,933 $ 6,184 U.S. Government agency issued residential mortgage-backed securities 45,264 365 34,636 900 79,900 1,265 U.S. Government agency issued commercial mortgage-backed securities 89,351 684 34,176 364 123,527 1,048 Obligations of states and political subdivisions 8,048 21 7,828 2,071 15,876 2,092 Total $ 1,156,017 $ 4,283 $ 412,219 $ 6,306 $ 1,568,236 $ 10,589 December 31, 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) U.S. Government agencies $ 1,082,573 $ 6,065 $ - $ - $ 1,082,573 $ 6,065 U.S. Government agency issued residential mortgage-backed securities 71,599 1,783 15,375 115 86,974 1,898 U.S. Government agency issued commercial mortgage-backed securities 129,940 1,084 14,385 125 144,325 1,209 Obligations of states and political subdivisions 46,798 2,151 - - 46,798 2,151 Total $ 1,330,910 $ 11,083 $ 29,760 $ 240 $ 1,360,670 $ 11,323 |
PER SHARE DATA (Tables)
PER SHARE DATA (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
PER SHARE DATA [Abstract] | |
Basic And Diluted Earnings Per Share Computations | Three months ended September 30, 2017 2016 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 $ 39,528 90,912 $ 0.43 $ 37,817 94,304 $ 0.40 Effect of dilutive share- based awards 188 260 Diluted EPS Income available to common shareholders plus assumed exercise of all outstanding share-based awards $ 39,528 91,100 $ 0.43 $ 37,817 94,564 $ 0.40 Nine months ended September 30, 2017 2016 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 $ 115,510 91,974 $ 1.26 $ 95,058 94,378 $ 1.01 Effect of dilutive share- based awards 183 239 Diluted EPS Income available to common shareholders plus assumed exercise of all outstanding share-based awards $ 115,510 92,157 $ 1.25 $ 95,058 94,617 $ 1.00 |
COMPREHENSIVE INCOME (Tables)
COMPREHENSIVE INCOME (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
COMPREHENSIVE INCOME [Abstract] | |
Components Of Other Comprehensive Income | Three months ended September 30, 2017 2016 Before Net Before Net tax Tax of tax tax Tax of tax amount effect amount amount effect amount Net unrealized losses on available-for- (In thousands) sale securities: Unrealized losses arising during holding period $ (2,082) $ 796 $ (1,286) $ (11,169) $ 4,275 $ (6,894) Reclassification adjustment for net gains realized in net income (1) (5) 2 (3) (1) - (1) Recognized employee benefit plan net periodic benefit cost (2) 1,533 (586) 947 1,511 (578) 933 Other comprehensive loss $ (554) $ 212 $ (342) $ (9,659) $ 3,697 $ (5,962) Net income 39,528 37,817 Comprehensive income $ 39,186 $ 31,855 (1) Reclassification adjustments for net gains 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. Nine months ended September 30, 2017 2016 Before Net Before Net tax Tax of tax tax Tax of tax amount effect amount amount effect amount Net unrealized (losses) gains on available-for- (In thousands) sale securities: Unrealized (losses) gains arising during holding period $ (2,308) $ 880 $ (1,428) $ 8,956 $ (3,424) $ 5,532 Reclassification adjustment for net gains realized in net income (1) (1,099) 420 (679) (89) 34 (55) Recognized employee benefit plan net periodic benefit cost (2) 4,599 (1,758) 2,841 4,533 (1,734) 2,799 Other comprehensive income $ 1,192 $ (458) $ 734 $ 13,400 $ (5,124) $ 8,276 Net income 115,510 95,058 Comprehensive income $ 116,244 $ 103,334 (1) Reclassification adjustments for net gains 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) | 9 Months Ended |
Sep. 30, 2017 | |
GOODWILL AND OTHER INTANGIBLE ASSETS [Abstract] | |
Goodwill Carrying Amounts By Operating Segment | Community Insurance Banking Agencies Total (In thousands) Balance as of December 31, 2016 $ 217,618 $ 83,180 $ 300,798 Goodwill recorded during the period - - - Balance as of September 30, 2017 $ 217,618 $ 83,180 $ 300,798 |
Aggregate amortization expense | As of As of September 30, 2017 December 31, 2016 Gross Carrying Accumulated Gross Carrying Accumulated Amount Amortization Amount Amortization Amortized intangible assets: (In thousands) Core deposit intangibles $ 27,801 $ 24,035 $ 27,801 $ 23,721 Customer relationship intangibles 45,758 $ 31,980 46,568 30,406 Non-solicitation intangibles 1,650 $ 1,022 1,850 886 Total $ 75,209 $ 57,037 $ 76,219 $ 55,013 Unamortized intangible assets: Trade names $ 688 $ - $ 688 $ - Three months ended Nine months ended September 30, September 30, 2017 2016 2017 2016 Aggregate amortization expense for: (In thousands) Core deposit intangibles $ 103 $ 112 $ 314 $ 340 Customer relationship intangibles 779 737 2,384 2,075 Non-solicitation intangibles 112 74 336 257 Total $ 994 $ 923 $ 3,034 $ 2,672 |
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, 2017 $ 419 $ 3,147 $ 448 $ 4,014 For the year ending December 31, 2018 390 2,696 419 3,505 For the year ending December 31, 2019 363 2,330 97 2,790 For the year ending December 31, 2020 340 2,014 - 2,354 For the year ending December 31, 2021 251 1,591 - 1,842 |
PENSION BENEFITS (Tables)
PENSION BENEFITS (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
PENSION BENEFITS [Abstract] | |
Components Of Net Periodic Benefit Costs | Three months ended Nine months ended September 30, September 30, 2017 2016 2017 2016 (In thousands) Service cost $ 1,532 $ 2,213 $ 4,596 $ 6,639 Interest cost 2,294 2,341 6,882 7,023 Expected return on assets (2,953) (2,613) (8,859) (7,839) Recognized prior service cost (186) (179) (558) (537) Recognized net loss 1,719 1,690 5,157 5,070 Net periodic benefit costs $ 2,406 $ 3,452 $ 7,218 $ 10,356 |
SEGMENT REPORTING (Tables)
SEGMENT REPORTING (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
SEGMENT REPORTING [Abstract] | |
Results Of Operations And Selected Financial Information By Operating Segment | Banking Services Group Mortgage Insurance Agencies Wealth Management General Corporate and Other Total (In thousands) Three months ended September 30, 2017 Results of Operations Net interest revenue $ 115,899 $ 4,620 $ 11 $ 12 $ 19 $ 120,561 Provision for credit losses - - - - 500 500 Net interest revenue after provision for credit losses 115,899 4,620 11 12 (481) 120,061 Noninterest revenue 21,428 6,910 28,789 5,862 2,971 65,960 Noninterest expense 74,643 7,050 25,766 3,991 15,453 126,903 Income before income taxes 62,684 4,480 3,034 1,883 (12,963) 59,118 Income tax expense (benefit) 21,967 1,677 1,228 705 (5,987) 19,590 Net income $ 40,717 $ 2,803 $ 1,806 $ 1,178 $ (6,976) $ 39,528 Selected Financial Information Total assets at end of period $ 11,421,704 $ 630,986 $ 225,458 $ 24,047 $ 2,458,199 $ 14,760,394 Depreciation and amortization 5,500 226 1,152 25 664 7,567 Banking Services Group Mortgage Insurance Agencies Wealth Management General Corporate and Other Total (In thousands) Three months ended September 30, 2016 Results of Operations Net interest revenue $ 111,772 $ 3,183 $ 11 $ 3 $ (379) $ 114,590 Provision for credit losses - - - - - - Net interest revenue after provision for credit losses 111,772 3,183 11 3 (379) 114,590 Noninterest revenue 23,248 11,080 27,913 5,728 1,704 69,673 Noninterest expense 78,931 6,294 25,335 4,257 13,500 128,317 Income before income taxes 56,089 7,969 2,589 1,474 (12,175) 55,946 Income tax expense (benefit) 18,711 2,906 1,051 538 (5,077) 18,129 Net income $ 37,378 $ 5,063 $ 1,538 $ 936 $ (7,098) $ 37,817 Selected Financial Information Total assets at end of period $ 11,358,022 $ 518,880 $ 217,062 $ 19,509 $ 2,498,010 $ 14,611,483 Depreciation and amortization 5,485 147 1,075 28 606 7,341 Banking Services Group Mortgage Insurance Agencies Wealth Management General Corporate and Other Total (In thousands) Nine months ended September 30, 2017 Results of Operations Net interest revenue $ 340,068 $ 12,472 $ 32 $ 25 $ 53 $ 352,650 Provision for credit losses - - - - 2,500 2,500 Net interest revenue after provision for credit losses 340,068 12,472 32 25 (2,447) 350,150 Noninterest revenue 64,986 22,036 93,188 17,237 7,512 204,959 Noninterest expense 225,119 20,829 78,416 12,120 45,081 381,565 Income before income taxes 179,935 13,679 14,804 5,142 (40,016) 173,544 Income tax expense (benefit) 62,351 5,084 6,063 1,911 (17,375) 58,034 Net income $ 117,584 $ 8,595 $ 8,741 $ 3,231 $ (22,641) $ 115,510 Selected Financial Information Total assets at end of period $ 11,421,704 $ 630,986 $ 225,458 $ 24,047 $ 2,458,199 $ 14,760,394 Depreciation and amortization 16,553 531 3,520 76 1,935 22,615 Banking Services Group Mortgage Insurance Agencies Wealth Management General Corporate and Other Total (In thousands) Nine months ended September 30, 2016 Results of Operations Net interest revenue $ 330,523 $ 8,614 $ 46 $ 5 $ (1,123) $ 338,065 Provision for credit losses - - - - 3,000 3,000 Net interest revenue after provision for credit losses 330,523 8,614 46 5 (4,123) 335,065 Noninterest revenue 69,263 20,778 89,821 17,029 6,035 202,926 Noninterest expense 231,836 18,740 75,598 12,753 58,463 397,390 Income before income taxes 167,950 10,652 14,269 4,281 (56,551) 140,601 Income tax expense (benefit) 57,072 3,873 5,702 1,556 (22,660) 45,543 Net income $ 110,878 $ 6,779 $ 8,567 $ 2,725 $ (33,891) $ 95,058 Selected Financial Information Total assets at end of period $ 11,358,022 $ 518,880 $ 217,062 $ 19,509 $ 2,498,010 $ 14,611,483 Depreciation and amortization 16,128 438 3,169 85 1,875 21,695 |
MORTGAGE SERVICING RIGHTS (Tabl
MORTGAGE SERVICING RIGHTS (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
MORTGAGE SERVICING RIGHTS [Abstract] | |
Data and Assumptions Used in Fair Value Calculation | September 30, December 31, 2017 2016 2016 (Dollars in thousands) Unpaid principal balance $6,506,550 $6,285,027 $6,384,649 Weighted-average prepayment speed (CPR) 9.4 12.7 9.4 Discount rate (annual percentage) 9.8 9.8 9.8 Weighted-average coupon interest rate (percentage) 4.0 4.0 3.9 Weighted-average remaining maturity (months) 326.0 322.0 323.0 Weighted-average servicing fee (basis points) 26.7 26.7 26.7 |
Activity in Class of Mortgage Servicing Assets | 2017 2016 (In thousands) Fair value as of January 1 $ 65,263 $ 57,268 Additions: Origination of servicing assets 9,031 10,684 Changes in fair value: Due to payoffs/paydowns (7,203) (5,784) Due to change in valuation inputs or assumptions used in the valuation model (671) (10,233) Other changes in fair value (3) (5) Fair value as of September 30 $ 66,417 $ 51,930 |
DERIVATIVE INSTRUMENTS AND OF34
DERIVATIVE INSTRUMENTS AND OFFSETTING ASSETS AND LIABILITIES (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
DERIVATIVE INSTRUMENTS AND OFFSETTING ASSETS AND LIABILITIES [Abstract] | |
Offsetting Of Derivative Assets And Liabilities | September 30, 2017 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 $ 3,938 $ - $ 3,938 $ - $ - $ 3,938 Loan/lease interest rate swaps 4,374 - 4,374 - - 4,374 Total financial assets $ 8,312 $ - $ 8,312 $ - $ - $ 8,312 . Financial liabilities: Derivatives: Forward commitments $ 414 $ - $ 414 $ - $ - $ 414 Loan/lease interest rate swaps 4,374 - 4,374 - (4,374) - Repurchase arrangements 421,044 - 421,044 (421,044) - - Total financial liabilities $ 425,832 $ - $ 425,832 $ (421,044) $ (4,374) $ 414 December 31, 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 $ 6,701 $ - $ 6,701 $ - $ - $ 6,701 Loan/lease interest rate swaps 9,175 - 9,175 - - 9,175 Total financial assets $ 15,876 $ - $ 15,876 $ - $ - $ 15,876 Financial liabilities: Derivatives: Forward commitments $ 448 $ - $ 448 $ - $ - $ 448 Loan/lease interest rate swaps 9,175 - 9,175 - (9,175) - Repurchase arrangements 454,002 - 454,002 (454,002) - - Total financial liabilities $ 463,625 $ - $ 463,625 $ (454,002) $ (9,175) $ 448 September 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 $ 6,942 $ - $ 6,942 $ - $ - $ 6,942 Loan/lease interest rate swaps 14,041 - 14,041 - - 14,041 Total financial assets $ 20,983 $ - $ 20,983 $ - $ - $ 20,983 Financial liabilities: Derivatives: Forward commitments $ 1,127 $ - $ 1,127 $ - $ - $ 1,127 Loan/lease interest rate swaps 14,041 - 14,041 - (14,041) - Repurchase arrangements 468,969 - 468,969 (468,969) - - Total financial liabilities $ 484,137 $ - $ 484,137 $ (468,969) $ (14,041) $ 1,127 |
FAIR VALUE DISCLOSURES (Tables)
FAIR VALUE DISCLOSURES (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
FAIR VALUE DISCLOSURES [Abstract] | |
Assets And Liabilities Measured At Fair Value On A Recurring Basis | September 30, 2017 Level 1 Level 2 Level 3 Total Assets: (In thousands) Available-for-sale securities: U.S. Government agencies $ - $ 1,687,186 $ - $ 1,687,186 U.S. Government agency issued residential mortgage-backed securities - 157,891 - 157,891 U.S. Government agency issued commercial mortgage-backed securities - 153,509 - 153,509 Obligations of states and political subdivisions - 328,314 - 328,314 FHLB and other securities 205 32,862 - 33,067 Mortgage servicing rights - - 66,417 66,417 Derivative instruments - - 8,239 8,239 Loans held for sale - 138,353 - 138,353 Total $ 205 $ 2,498,115 $ 74,656 $ 2,572,976 Liabilities: Derivative instruments $ - $ - $ 4,788 $ 4,788 September 30, 2016 Level 1 Level 2 Level 3 Total Assets: (In thousands) Available-for-sale securities: U.S. Government agencies $ - $ 1,691,866 $ - $ 1,691,866 U.S. Government agency issued residential mortgage-backed securities - 184,095 - 184,095 U.S. Government agency issued commercial mortgage-backed securities - 178,827 - 178,827 Obligations of states and political subdivisions - 384,995 - 384,995 FHLB and other securities 959 27,457 - 28,416 Mortgage servicing rights - - 51,930 51,930 Derivative instruments - - 20,741 20,741 Loans held for sale - 204,441 - 204,441 Total $ 959 $ 2,671,681 $ 72,671 $ 2,745,311 Liabilities: Derivative instruments $ - $ - $ 15,168 $ 15,168 |
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, 2016 $ 65,263 $ 6,138 Year to date net gains (losses) included in: Net loss (7,877) (2,687) Other comprehensive income - - Additions 9,031 - Transfers in and/or out of Level 3 - - Balance at September 30, 2017 $ 66,417 $ 3,451 Net unrealized gains (losses) included in net income for the quarter relating to assets and liabilities held at September 30, 2017 $ 36 $ (792) 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 (16,022) 2,316 Other comprehensive income - - Additions 10,684 - Transfers in and/or out of Level 3 - - Balance at September 30, 2016 $ 51,930 $ 5,573 Net unrealized gains included in net income for the quarter relating to assets and liabilities held at September 30, 2016 $ 1,813 $ 544 |
Assets And Liabilities Recorded At Fair Value On A Nonrecurring Basis | September 30, 2017 Nine months ended September 30, 2017 Level 1 Level 2 Level 3 Total Net Losses Assets: (In thousands) Impaired loans $ - $ - $ 19,731 19,731 $ (6,805) Other real estate owned - - 5,956 5,956 (741) September 30, 2016 Nine months ended September 30, 2016 Net Losses Assets: (In thousands) Impaired loans $ - $ - $ 39,113 39,113 $ (1,520) Other real estate owned - - 11,391 11,391 (1,389) |
Carrying And Fair Value Information | September 30, 2017 December 31, 2016 Carrying Fair Carrying Fair Value Value Value Value Assets: (In thousands) Cash and due from banks $ 167,871 $ 167,871 $ 184,152 $ 184,152 Interest bearing deposits with other banks 52,316 52,316 38,813 38,813 Available-for-sale securities 2,359,967 2,359,967 2,531,676 2,531,676 Net loans and leases 10,936,013 10,967,885 10,688,255 10,692,820 Loans held for sale 138,353 138,353 166,927 166,927 Liabilities: Noninterest bearing deposits 3,414,397 3,414,397 3,250,537 3,250,537 Savings and interest bearing deposits 6,563,160 6,563,160 6,596,289 6,596,289 Other time deposits 1,798,431 1,816,705 1,841,315 1,857,506 Federal funds purchased and securities sold under agreement to repurchase and other short-term borrowings 1,046,044 1,044,525 546,002 545,002 Long-term debt and other borrowings 30,000 31,413 542,888 547,273 Derivative instruments: Forward commitments to sell fixed rate mortgage loans 286 286 2,903 2,903 Commitments to fund fixed rate mortgage loans 3,549 3,549 3,362 3,362 Interest rate swap position to receive 4,301 4,301 9,061 9,061 Interest rate swap position to pay (4,374) (4,374) (9,175) (9,175) |
OTHER NONINTEREST REVENUE AND36
OTHER NONINTEREST REVENUE AND EXPENSE (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
OTHER NONINTEREST REVENUE AND EXPENSE [Abstract] | |
Other Noninterest Revenue | Three months ended Nine months ended September 30, September 30, 2017 2016 2017 2016 (In thousands) Bank-owned life insurance $ 2,700 $ 1,775 $ 6,079 $ 5,481 Other miscellaneous income 2,610 2,699 9,634 9,446 Total other noninterest income $ 5,310 $ 4,474 $ 15,713 $ 14,927 |
Other Noninterest Expense | Three months ended Nine months ended September 30, September 30, 2017 2016 2017 2016 (In thousands) Advertising $ 1,185 $ 925 $ 2,885 $ 2,601 Foreclosed property expense 447 859 2,457 3,349 Telecommunications 1,192 1,288 3,572 3,842 Public relations 675 718 2,049 1,978 Data processing 6,942 6,856 20,795 19,932 Computer software 3,074 2,976 8,968 8,368 Amortization of intangibles 994 923 3,034 2,672 Legal fees 1,016 1,064 3,575 7,353 Merger expense - - - 2 Postage and shipping 1,050 1,059 3,305 3,161 Other miscellaneous expense 12,719 13,703 37,825 41,243 Total other noninterest expense $ 29,294 $ 30,371 $ 88,465 $ 94,501 |
LOANS AND LEASES (Gross Loans A
LOANS AND LEASES (Gross Loans And Leases By Segment And Class) (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 | Sep. 30, 2016 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans and leases | $ 11,073,306 | $ 10,835,512 | $ 10,685,166 |
Less: Unearned income | 17,797 | 23,521 | 26,405 |
Net loans and leases | 11,055,509 | 10,811,991 | 10,658,761 |
Deferred Costs | 3,500 | 282 | 2,200 |
Commercial And Industrial [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans and leases | 1,508,794 | 1,615,608 | 1,619,668 |
Net loans and leases | 1,506,352 | 1,612,295 | |
Real Estate [Member] | Consumer Mortgages [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans and leases | 2,826,333 | 2,643,966 | 2,611,387 |
Net loans and leases | 2,826,333 | 2,643,966 | |
Real Estate [Member] | Home Equity [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans and leases | 626,961 | 628,846 | 622,566 |
Net loans and leases | 626,961 | 628,846 | |
Real Estate [Member] | Agricultural [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans and leases | 247,211 | 245,377 | 242,171 |
Net loans and leases | 247,211 | 245,377 | |
Real Estate [Member] | Commercial And Industrial - Owner Occupied [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans and leases | 1,835,430 | 1,764,265 | 1,668,477 |
Net loans and leases | 1,835,430 | 1,764,265 | |
Real Estate [Member] | Construction, Acquisition And Development [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans and leases | 1,175,979 | 1,157,248 | 1,121,386 |
Net loans and leases | 1,175,979 | 1,157,248 | |
Real Estate [Member] | Commercial Real Estate [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans and leases | 2,336,219 | 2,237,719 | 2,240,717 |
Net loans and leases | 2,336,219 | 2,237,719 | |
Credit Cards [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans and leases | 104,613 | 109,656 | 107,447 |
Net loans and leases | 104,613 | 109,656 | |
All Other [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gross loans and leases | 411,766 | 432,827 | $ 451,347 |
Net loans and leases | $ 396,411 | $ 412,619 |
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 | Sep. 30, 2017 | Dec. 31, 2016 | Sep. 30, 2016 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | $ 11,055,509 | $ 10,811,991 | $ 10,658,761 |
Alabama and Florida Panhandle [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 1,309,936 | ||
Arkansas [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 1,330,149 | ||
Louisiana [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 1,063,925 | ||
Mississippi [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 3,580,054 | ||
Missouri [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 471,240 | ||
Tennessee [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 1,129,868 | ||
Texas [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 1,953,896 | ||
Other | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 216,441 | ||
Commercial And Industrial [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 1,506,352 | 1,612,295 | |
Commercial And Industrial [Member] | Alabama and Florida Panhandle [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 136,368 | ||
Commercial And Industrial [Member] | Arkansas [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 195,461 | ||
Commercial And Industrial [Member] | Louisiana [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 193,882 | ||
Commercial And Industrial [Member] | Mississippi [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 551,391 | ||
Commercial And Industrial [Member] | Missouri [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 70,856 | ||
Commercial And Industrial [Member] | Tennessee [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 108,389 | ||
Commercial And Industrial [Member] | Texas [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 200,118 | ||
Commercial And Industrial [Member] | Other | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 49,887 | ||
Credit Cards [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 104,613 | 109,656 | |
Credit Cards [Member] | Other | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 104,613 | ||
All Other [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 396,411 | 412,619 | |
All Other [Member] | Alabama and Florida Panhandle [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 52,154 | ||
All Other [Member] | Arkansas [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 40,023 | ||
All Other [Member] | Louisiana [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 22,141 | ||
All Other [Member] | Mississippi [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 210,898 | ||
All Other [Member] | Missouri [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 2,969 | ||
All Other [Member] | Tennessee [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 22,066 | ||
All Other [Member] | Texas [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 39,332 | ||
All Other [Member] | Other | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 6,828 | ||
Consumer Mortgages [Member] | Real Estate [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 2,826,333 | 2,643,966 | |
Consumer Mortgages [Member] | Real Estate [Member] | Alabama and Florida Panhandle [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 379,388 | ||
Consumer Mortgages [Member] | Real Estate [Member] | Arkansas [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 327,113 | ||
Consumer Mortgages [Member] | Real Estate [Member] | Louisiana [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 233,715 | ||
Consumer Mortgages [Member] | Real Estate [Member] | Mississippi [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 879,524 | ||
Consumer Mortgages [Member] | Real Estate [Member] | Missouri [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 92,807 | ||
Consumer Mortgages [Member] | Real Estate [Member] | Tennessee [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 316,209 | ||
Consumer Mortgages [Member] | Real Estate [Member] | Texas [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 543,855 | ||
Consumer Mortgages [Member] | Real Estate [Member] | Other | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 53,722 | ||
Home Equity [Member] | Real Estate [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 626,961 | 628,846 | |
Home Equity [Member] | Real Estate [Member] | Alabama and Florida Panhandle [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 96,418 | ||
Home Equity [Member] | Real Estate [Member] | Arkansas [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 47,361 | ||
Home Equity [Member] | Real Estate [Member] | Louisiana [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 70,916 | ||
Home Equity [Member] | Real Estate [Member] | Mississippi [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 230,493 | ||
Home Equity [Member] | Real Estate [Member] | Missouri [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 21,531 | ||
Home Equity [Member] | Real Estate [Member] | Tennessee [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 139,521 | ||
Home Equity [Member] | Real Estate [Member] | Texas [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 19,348 | ||
Home Equity [Member] | Real Estate [Member] | Other | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 1,373 | ||
Agricultural [Member] | Real Estate [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 247,211 | 245,377 | |
Agricultural [Member] | Real Estate [Member] | Alabama and Florida Panhandle [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 8,298 | ||
Agricultural [Member] | Real Estate [Member] | Arkansas [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 83,830 | ||
Agricultural [Member] | Real Estate [Member] | Louisiana [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 25,290 | ||
Agricultural [Member] | Real Estate [Member] | Mississippi [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 66,829 | ||
Agricultural [Member] | Real Estate [Member] | Missouri [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 7,205 | ||
Agricultural [Member] | Real Estate [Member] | Tennessee [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 13,019 | ||
Agricultural [Member] | Real Estate [Member] | Texas [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 42,722 | ||
Agricultural [Member] | Real Estate [Member] | Other | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 18 | ||
Commercial And Industrial - Owner Occupied [Member] | Real Estate [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 1,835,430 | 1,764,265 | |
Commercial And Industrial - Owner Occupied [Member] | Real Estate [Member] | Alabama and Florida Panhandle [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 210,503 | ||
Commercial And Industrial - Owner Occupied [Member] | Real Estate [Member] | Arkansas [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 203,249 | ||
Commercial And Industrial - Owner Occupied [Member] | Real Estate [Member] | Louisiana [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 223,947 | ||
Commercial And Industrial - Owner Occupied [Member] | Real Estate [Member] | Mississippi [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 710,693 | ||
Commercial And Industrial - Owner Occupied [Member] | Real Estate [Member] | Missouri [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 46,384 | ||
Commercial And Industrial - Owner Occupied [Member] | Real Estate [Member] | Tennessee [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 154,354 | ||
Commercial And Industrial - Owner Occupied [Member] | Real Estate [Member] | Texas [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 286,300 | ||
Construction, Acquisition And Development [Member] | Real Estate [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 1,175,979 | 1,157,248 | |
Construction, Acquisition And Development [Member] | Real Estate [Member] | Alabama and Florida Panhandle [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 126,581 | ||
Construction, Acquisition And Development [Member] | Real Estate [Member] | Arkansas [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 75,400 | ||
Construction, Acquisition And Development [Member] | Real Estate [Member] | Louisiana [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 57,445 | ||
Construction, Acquisition And Development [Member] | Real Estate [Member] | Mississippi [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 355,559 | ||
Construction, Acquisition And Development [Member] | Real Estate [Member] | Missouri [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 20,391 | ||
Construction, Acquisition And Development [Member] | Real Estate [Member] | Tennessee [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 164,014 | ||
Construction, Acquisition And Development [Member] | Real Estate [Member] | Texas [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 376,589 | ||
Commercial Real Estate [Member] | Real Estate [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 2,336,219 | $ 2,237,719 | |
Commercial Real Estate [Member] | Real Estate [Member] | Alabama and Florida Panhandle [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 300,226 | ||
Commercial Real Estate [Member] | Real Estate [Member] | Arkansas [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 357,712 | ||
Commercial Real Estate [Member] | Real Estate [Member] | Louisiana [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 236,589 | ||
Commercial Real Estate [Member] | Real Estate [Member] | Mississippi [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 574,667 | ||
Commercial Real Estate [Member] | Real Estate [Member] | Missouri [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 209,097 | ||
Commercial Real Estate [Member] | Real Estate [Member] | Tennessee [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | 212,296 | ||
Commercial Real Estate [Member] | Real Estate [Member] | Texas [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total | $ 445,632 |
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 | Sep. 30, 2017 | Dec. 31, 2016 | Sep. 30, 2016 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total | $ 11,055,509 | $ 10,811,991 | $ 10,658,761 |
Commercial And Industrial [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 11,878 | 13,993 | |
Current | 1,494,474 | 1,598,302 | |
Total | 1,506,352 | 1,612,295 | |
90 Plus Days Past Due still Accruing | 115 | 58 | |
Commercial And Industrial [Member] | 30-59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 2,704 | 3,231 | |
Commercial And Industrial [Member] | 60-89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 2,083 | 1,610 | |
Commercial And Industrial [Member] | 90+ Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 7,091 | 9,152 | |
Credit Cards [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 1,248 | 1,264 | |
Current | 103,365 | 108,392 | |
Total | 104,613 | 109,656 | |
90 Plus Days Past Due still Accruing | 466 | 472 | |
Credit Cards [Member] | 30-59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 427 | 466 | |
Credit Cards [Member] | 60-89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 329 | 297 | |
Credit Cards [Member] | 90+ Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 492 | 501 | |
All Other [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 1,002 | 928 | |
Current | 395,409 | 411,691 | |
Total | 396,411 | 412,619 | |
All Other [Member] | 30-59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 479 | 550 | |
All Other [Member] | 60-89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 273 | 148 | |
All Other [Member] | 90+ Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 250 | 230 | |
Consumer Mortgages [Member] | Real Estate [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 35,169 | 34,232 | |
Current | 2,791,164 | 2,609,734 | |
Total | 2,826,333 | 2,643,966 | |
90 Plus Days Past Due still Accruing | 1,240 | 3,439 | |
Consumer Mortgages [Member] | Real Estate [Member] | 30-59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 15,221 | 12,393 | |
Consumer Mortgages [Member] | Real Estate [Member] | 60-89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 6,328 | 6,785 | |
Consumer Mortgages [Member] | Real Estate [Member] | 90+ Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 13,620 | 15,054 | |
Home Equity [Member] | Real Estate [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 3,540 | 6,400 | |
Current | 623,421 | 622,446 | |
Total | 626,961 | 628,846 | |
Home Equity [Member] | Real Estate [Member] | 30-59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 1,380 | 2,771 | |
Home Equity [Member] | Real Estate [Member] | 60-89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 681 | 670 | |
Home Equity [Member] | Real Estate [Member] | 90+ Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 1,479 | 2,959 | |
Agricultural [Member] | Real Estate [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 6,557 | 1,570 | |
Current | 240,654 | 243,807 | |
Total | 247,211 | 245,377 | |
90 Plus Days Past Due still Accruing | 34 | ||
Agricultural [Member] | Real Estate [Member] | 30-59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 1,737 | 969 | |
Agricultural [Member] | Real Estate [Member] | 60-89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 27 | 354 | |
Agricultural [Member] | Real Estate [Member] | 90+ Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 4,793 | 247 | |
Commercial And Industrial - Owner Occupied [Member] | Real Estate [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 9,511 | 7,423 | |
Current | 1,825,919 | 1,756,842 | |
Total | 1,835,430 | 1,764,265 | |
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 | 3,294 | 2,551 | |
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 | 2,083 | 530 | |
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 | 4,134 | 4,342 | |
Construction, Acquisition And Development [Member] | Real Estate [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 6,124 | 3,984 | |
Current | 1,169,855 | 1,153,264 | |
Total | 1,175,979 | 1,157,248 | |
90 Plus Days Past Due still Accruing | 14 | ||
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 | 4,441 | 2,101 | |
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 | 100 | 440 | |
Construction, Acquisition And Development [Member] | Real Estate [Member] | 90+ Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 1,583 | 1,443 | |
Commercial Real Estate [Member] | Real Estate [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 3,717 | 12,456 | |
Current | 2,332,502 | 2,225,263 | |
Total | 2,336,219 | 2,237,719 | |
Commercial Real Estate [Member] | Real Estate [Member] | 30-59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 632 | 312 | |
Commercial Real Estate [Member] | Real Estate [Member] | 60-89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 607 | 933 | |
Commercial Real Estate [Member] | Real Estate [Member] | 90+ Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | $ 2,478 | $ 11,211 |
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 | Sep. 30, 2017 | Dec. 31, 2016 | Sep. 30, 2016 |
Financing Receivable, Recorded Investment [Line Items] | |||
Total | $ 11,055,509 | $ 10,811,991 | $ 10,658,761 |
Pass [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 10,785,671 | ||
Special Mention [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 7,400 | ||
Substandard [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 241,722 | ||
Doubtful [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 839 | ||
Loss [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 146 | ||
Impaired [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 19,731 | ||
Commercial And Industrial [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 1,506,352 | 1,612,295 | |
Commercial And Industrial [Member] | Pass [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 1,449,512 | 1,562,263 | |
Commercial And Industrial [Member] | Special Mention [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 762 | ||
Commercial And Industrial [Member] | Substandard [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 50,633 | 41,618 | |
Commercial And Industrial [Member] | Doubtful [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 290 | 100 | |
Commercial And Industrial [Member] | Loss [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 146 | ||
Commercial And Industrial [Member] | Impaired [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 5,009 | 8,314 | |
Real Estate [Member] | Consumer Mortgages [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 2,826,333 | 2,643,966 | |
Real Estate [Member] | Consumer Mortgages [Member] | Pass [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 2,768,161 | 2,579,905 | |
Real Estate [Member] | Consumer Mortgages [Member] | Special Mention [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 522 | ||
Real Estate [Member] | Consumer Mortgages [Member] | Substandard [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 55,836 | 61,602 | |
Real Estate [Member] | Consumer Mortgages [Member] | Doubtful [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 272 | 282 | |
Real Estate [Member] | Consumer Mortgages [Member] | Impaired [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 2,064 | 1,655 | |
Real Estate [Member] | Home Equity [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 626,961 | 628,846 | |
Real Estate [Member] | Home Equity [Member] | Pass [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 617,463 | 616,758 | |
Real Estate [Member] | Home Equity [Member] | Substandard [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 8,731 | 11,231 | |
Real Estate [Member] | Home Equity [Member] | Impaired [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 767 | 857 | |
Real Estate [Member] | Agricultural [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 247,211 | 245,377 | |
Real Estate [Member] | Agricultural [Member] | Pass [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 234,563 | 233,939 | |
Real Estate [Member] | Agricultural [Member] | Substandard [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 7,372 | 10,577 | |
Real Estate [Member] | Agricultural [Member] | Impaired [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 5,276 | 861 | |
Real Estate [Member] | Commercial And Industrial - Owner Occupied [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 1,835,430 | 1,764,265 | |
Real Estate [Member] | Commercial And Industrial - Owner Occupied [Member] | Pass [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 1,766,055 | 1,705,266 | |
Real Estate [Member] | Commercial And Industrial - Owner Occupied [Member] | Special Mention [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 2,920 | 3,668 | |
Real Estate [Member] | Commercial And Industrial - Owner Occupied [Member] | Substandard [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 62,232 | 47,010 | |
Real Estate [Member] | Commercial And Industrial - Owner Occupied [Member] | Impaired [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 4,223 | 8,321 | |
Real Estate [Member] | Construction, Acquisition And Development [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 1,175,979 | 1,157,248 | |
Real Estate [Member] | Construction, Acquisition And Development [Member] | Pass [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 1,159,359 | 1,135,618 | |
Real Estate [Member] | Construction, Acquisition And Development [Member] | Special Mention [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 3,718 | ||
Real Estate [Member] | Construction, Acquisition And Development [Member] | Substandard [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 12,902 | 15,697 | |
Real Estate [Member] | Construction, Acquisition And Development [Member] | Impaired [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 5,933 | ||
Real Estate [Member] | Commercial Real Estate [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 2,336,219 | 2,237,719 | |
Real Estate [Member] | Commercial Real Estate [Member] | Pass [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 2,293,845 | 2,179,318 | |
Real Estate [Member] | Commercial Real Estate [Member] | Special Mention [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 634 | ||
Real Estate [Member] | Commercial Real Estate [Member] | Substandard [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 39,805 | 45,471 | |
Real Estate [Member] | Commercial Real Estate [Member] | Doubtful [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 177 | ||
Real Estate [Member] | Commercial Real Estate [Member] | Impaired [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 2,392 | 12,296 | |
Credit Cards [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 104,613 | 109,656 | |
Credit Cards [Member] | Pass [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 104,613 | 109,656 | |
All Other [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 396,411 | 412,619 | |
All Other [Member] | Pass [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 392,100 | 405,611 | |
All Other [Member] | Substandard [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 4,211 | $ 7,008 | |
All Other [Member] | Doubtful [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | $ 100 |
LOANS AND LEASES (Impaired Loan
LOANS AND LEASES (Impaired Loans And Leases, Net Of Unearned Income, By Segment And Class New) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | 12 Months Ended |
Sep. 30, 2017 | Sep. 30, 2017 | Dec. 31, 2016 | |
Financing Receivable, Impaired [Line Items] | |||
Impaired loans that were characterized as troubled debt restructurings | $ 1,000 | $ 1,000 | $ 12,600 |
Excluding Accruing TDRs [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment in Impaired Loans, With no related allowance | 18,549 | 18,549 | 25,365 |
Recorded Investment in Impaired Loans, With an allowance | 1,182 | 1,182 | 12,872 |
Recorded Investment in Impaired Loans, Total | 19,731 | 19,731 | 38,237 |
Unpaid Principal Balance of Impaired Loans, With no related allowance | 29,502 | 29,502 | 33,649 |
Unpaid Principal Balance of Impaired Loans, With an allowance | 1,182 | 1,182 | 12,872 |
Unpaid Principal Balance of Impaired Loans, Total | 30,684 | 30,684 | 46,521 |
Related Allowance for Credit Losses | 4,353 | ||
Average Recorded Investment, With no related allowance | 20,897 | 21,888 | 29,945 |
Average Recorded Investment, With an allowance | 3,471 | 10,050 | 13,688 |
Average Recorded Investment, Total | 24,368 | 31,938 | 43,633 |
Interest Income Recognized, With no related allowance | 51 | 209 | 564 |
Interest Income Recognized, With an allowance | 10 | 27 | 234 |
Interest Income Recognized, Total | 61 | 236 | 798 |
Including Accruing TDRs [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Interest Income Recognized, With no related allowance | 564 | ||
Interest Income Recognized, With an allowance | 1,140 | ||
Interest Income Recognized, Total | 1,704 | ||
Including Accruing TDRs [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Unpaid Principal Balance of Impaired Loans, With no related allowance | 29,502 | 29,502 | |
Unpaid Principal Balance of Impaired Loans, With an allowance | 12,826 | 12,826 | |
Unpaid Principal Balance of Impaired Loans, Total | 42,328 | 42,328 | |
Including Accruing TDRs [Member] | Including Accruing TDRs [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment in Impaired Loans, With no related allowance | 18,549 | 18,549 | 25,365 |
Recorded Investment in Impaired Loans, With an allowance | 11,839 | 11,839 | 41,143 |
Recorded Investment in Impaired Loans, Total | 30,388 | 30,388 | 66,508 |
Unpaid Principal Balance of Impaired Loans, With no related allowance | 33,649 | ||
Unpaid Principal Balance of Impaired Loans, With an allowance | 42,176 | ||
Unpaid Principal Balance of Impaired Loans, Total | 75,825 | ||
Related Allowance for Credit Losses | 1,695 | 1,695 | 5,003 |
Average Recorded Investment, With no related allowance | 20,897 | 21,888 | 29,945 |
Average Recorded Investment, With an allowance | 13,238 | 22,281 | 28,944 |
Average Recorded Investment, Total | 34,135 | 44,169 | 58,889 |
Interest Income Recognized, With no related allowance | 51 | 209 | |
Interest Income Recognized, With an allowance | 173 | 539 | |
Interest Income Recognized, Total | 224 | 748 | |
Commercial And Industrial [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment in Impaired Loans, Total | 5,009 | 5,009 | 8,314 |
Related Allowance for Credit Losses | 528 | 528 | 1,837 |
Commercial And Industrial [Member] | Excluding Accruing TDRs [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment in Impaired Loans, With no related allowance | 4,460 | 4,460 | 6,222 |
Recorded Investment in Impaired Loans, With an allowance | 549 | 549 | 2,092 |
Recorded Investment in Impaired Loans, Total | 5,009 | 5,009 | 8,314 |
Unpaid Principal Balance of Impaired Loans, With no related allowance | 11,545 | 11,545 | 11,856 |
Unpaid Principal Balance of Impaired Loans, With an allowance | 549 | 549 | 2,092 |
Unpaid Principal Balance of Impaired Loans, Total | 12,094 | 12,094 | 13,948 |
Related Allowance for Credit Losses | 528 | 528 | 1,837 |
Average Recorded Investment, With no related allowance | 5,356 | 6,010 | 6,394 |
Average Recorded Investment, With an allowance | 1,281 | 2,978 | 1,190 |
Average Recorded Investment, Total | 6,637 | 8,988 | 7,584 |
Interest Income Recognized, With no related allowance | 28 | 72 | |
Interest Income Recognized, With an allowance | 2 | 20 | |
Interest Income Recognized, Total | 30 | 92 | |
Commercial And Industrial [Member] | Including Accruing TDRs [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Interest Income Recognized, With no related allowance | 72 | ||
Interest Income Recognized, With an allowance | 160 | ||
Interest Income Recognized, Total | 232 | ||
Commercial And Industrial [Member] | Including Accruing TDRs [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Unpaid Principal Balance of Impaired Loans, With no related allowance | 11,545 | 11,545 | |
Unpaid Principal Balance of Impaired Loans, With an allowance | 1,778 | 1,778 | |
Unpaid Principal Balance of Impaired Loans, Total | 13,323 | 13,323 | |
Commercial And Industrial [Member] | Including Accruing TDRs [Member] | Including Accruing TDRs [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment in Impaired Loans, With no related allowance | 4,460 | 4,460 | 6,222 |
Recorded Investment in Impaired Loans, With an allowance | 1,684 | 1,684 | 12,401 |
Recorded Investment in Impaired Loans, Total | 6,144 | 6,144 | 18,623 |
Unpaid Principal Balance of Impaired Loans, With no related allowance | 11,856 | ||
Unpaid Principal Balance of Impaired Loans, With an allowance | 12,424 | ||
Unpaid Principal Balance of Impaired Loans, Total | 24,280 | ||
Related Allowance for Credit Losses | 779 | 779 | 1,938 |
Average Recorded Investment, With no related allowance | 5,356 | 6,010 | 6,394 |
Average Recorded Investment, With an allowance | 2,327 | 4,804 | 4,045 |
Average Recorded Investment, Total | 7,683 | 10,814 | 10,439 |
Interest Income Recognized, With no related allowance | 28 | ||
Interest Income Recognized, With an allowance | 11 | 30 | |
Interest Income Recognized, Total | 11 | 58 | |
Credit Cards [Member] | Including Accruing TDRs [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Interest Income Recognized, With an allowance | 347 | ||
Interest Income Recognized, Total | 347 | ||
Credit Cards [Member] | Including Accruing TDRs [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Unpaid Principal Balance of Impaired Loans, With an allowance | 888 | 888 | |
Unpaid Principal Balance of Impaired Loans, Total | 888 | 888 | |
Credit Cards [Member] | Including Accruing TDRs [Member] | Including Accruing TDRs [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment in Impaired Loans, With an allowance | 888 | 888 | 823 |
Recorded Investment in Impaired Loans, Total | 888 | 888 | 823 |
Unpaid Principal Balance of Impaired Loans, With an allowance | 823 | ||
Unpaid Principal Balance of Impaired Loans, Total | 823 | ||
Related Allowance for Credit Losses | 61 | 61 | 58 |
Average Recorded Investment, With an allowance | 864 | 856 | 881 |
Average Recorded Investment, Total | 864 | 856 | 881 |
Interest Income Recognized, With an allowance | 86 | 254 | |
Interest Income Recognized, Total | 86 | 254 | |
All Other [Member] | Including Accruing TDRs [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Interest Income Recognized, With an allowance | 78 | ||
Interest Income Recognized, Total | 78 | ||
All Other [Member] | Including Accruing TDRs [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Unpaid Principal Balance of Impaired Loans, With an allowance | 472 | 472 | |
Unpaid Principal Balance of Impaired Loans, Total | 472 | 472 | |
All Other [Member] | Including Accruing TDRs [Member] | Including Accruing TDRs [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment in Impaired Loans, With an allowance | 472 | 472 | 2,890 |
Recorded Investment in Impaired Loans, Total | 472 | 472 | 2,890 |
Unpaid Principal Balance of Impaired Loans, With an allowance | 2,927 | ||
Unpaid Principal Balance of Impaired Loans, Total | 2,927 | ||
Related Allowance for Credit Losses | 67 | 67 | 23 |
Average Recorded Investment, With an allowance | 475 | 1,133 | 1,894 |
Average Recorded Investment, Total | 475 | 1,133 | 1,894 |
Interest Income Recognized, With an allowance | 5 | 27 | |
Interest Income Recognized, Total | 5 | 27 | |
Consumer Mortgages [Member] | Real Estate [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment in Impaired Loans, Total | 2,064 | 2,064 | 1,655 |
Consumer Mortgages [Member] | Real Estate [Member] | Excluding Accruing TDRs [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment in Impaired Loans, With no related allowance | 2,064 | 2,064 | 1,655 |
Recorded Investment in Impaired Loans, Total | 2,064 | 2,064 | 1,655 |
Unpaid Principal Balance of Impaired Loans, With no related allowance | 2,573 | 2,573 | 2,305 |
Unpaid Principal Balance of Impaired Loans, Total | 2,573 | 2,573 | 2,305 |
Average Recorded Investment, With no related allowance | 1,296 | 1,325 | 1,851 |
Average Recorded Investment, With an allowance | 997 | 531 | 431 |
Average Recorded Investment, Total | 2,293 | 1,856 | 2,282 |
Interest Income Recognized, With no related allowance | 3 | 22 | |
Interest Income Recognized, Total | 3 | 22 | |
Consumer Mortgages [Member] | Real Estate [Member] | Including Accruing TDRs [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Interest Income Recognized, With no related allowance | 22 | ||
Interest Income Recognized, With an allowance | 55 | ||
Interest Income Recognized, Total | 77 | ||
Consumer Mortgages [Member] | Real Estate [Member] | Including Accruing TDRs [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Unpaid Principal Balance of Impaired Loans, With no related allowance | 2,573 | 2,573 | |
Unpaid Principal Balance of Impaired Loans, With an allowance | 2,097 | 2,097 | |
Unpaid Principal Balance of Impaired Loans, Total | 4,670 | 4,670 | |
Consumer Mortgages [Member] | Real Estate [Member] | Including Accruing TDRs [Member] | Including Accruing TDRs [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment in Impaired Loans, With no related allowance | 2,064 | 2,064 | 1,655 |
Recorded Investment in Impaired Loans, With an allowance | 1,743 | 1,743 | 2,453 |
Recorded Investment in Impaired Loans, Total | 3,807 | 3,807 | 4,108 |
Unpaid Principal Balance of Impaired Loans, With no related allowance | 2,305 | ||
Unpaid Principal Balance of Impaired Loans, With an allowance | 2,734 | ||
Unpaid Principal Balance of Impaired Loans, Total | 5,039 | ||
Related Allowance for Credit Losses | 313 | 313 | 300 |
Average Recorded Investment, With no related allowance | 1,296 | 1,325 | 1,851 |
Average Recorded Investment, With an allowance | 2,684 | 2,432 | 2,241 |
Average Recorded Investment, Total | 3,980 | 3,757 | 4,092 |
Interest Income Recognized, With no related allowance | 3 | ||
Interest Income Recognized, With an allowance | 11 | 38 | |
Interest Income Recognized, Total | 11 | 41 | |
Home Equity [Member] | Real Estate [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment in Impaired Loans, Total | 767 | 767 | 857 |
Home Equity [Member] | Real Estate [Member] | Excluding Accruing TDRs [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment in Impaired Loans, With no related allowance | 767 | 767 | 857 |
Recorded Investment in Impaired Loans, Total | 767 | 767 | 857 |
Unpaid Principal Balance of Impaired Loans, With no related allowance | 1,510 | 1,510 | 1,600 |
Unpaid Principal Balance of Impaired Loans, Total | 1,510 | 1,510 | 1,600 |
Average Recorded Investment, With no related allowance | 514 | 483 | 1,176 |
Average Recorded Investment, With an allowance | 294 | 353 | 367 |
Average Recorded Investment, Total | 808 | 836 | 1,543 |
Interest Income Recognized, With no related allowance | 1 | 4 | 9 |
Interest Income Recognized, With an allowance | 1 | ||
Interest Income Recognized, Total | 1 | 4 | 10 |
Home Equity [Member] | Real Estate [Member] | Including Accruing TDRs [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Interest Income Recognized, With no related allowance | 9 | ||
Interest Income Recognized, With an allowance | 1 | ||
Interest Income Recognized, Total | 10 | ||
Home Equity [Member] | Real Estate [Member] | Including Accruing TDRs [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Unpaid Principal Balance of Impaired Loans, With no related allowance | 1,510 | 1,510 | |
Unpaid Principal Balance of Impaired Loans, With an allowance | 139 | 139 | |
Unpaid Principal Balance of Impaired Loans, Total | 1,649 | 1,649 | |
Home Equity [Member] | Real Estate [Member] | Including Accruing TDRs [Member] | Including Accruing TDRs [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment in Impaired Loans, With no related allowance | 767 | 767 | 857 |
Recorded Investment in Impaired Loans, With an allowance | 139 | 139 | 3 |
Recorded Investment in Impaired Loans, Total | 906 | 906 | 860 |
Unpaid Principal Balance of Impaired Loans, With no related allowance | 1,600 | ||
Unpaid Principal Balance of Impaired Loans, With an allowance | 13 | ||
Unpaid Principal Balance of Impaired Loans, Total | 1,613 | ||
Related Allowance for Credit Losses | 16 | 16 | 1 |
Average Recorded Investment, With no related allowance | 514 | 483 | 1,176 |
Average Recorded Investment, With an allowance | 436 | 466 | 377 |
Average Recorded Investment, Total | 950 | 949 | 1,553 |
Interest Income Recognized, With no related allowance | 1 | 4 | |
Interest Income Recognized, With an allowance | 2 | 3 | |
Interest Income Recognized, Total | 3 | 7 | |
Agricultural [Member] | Real Estate [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment in Impaired Loans, Total | 5,276 | 5,276 | 861 |
Agricultural [Member] | Real Estate [Member] | Excluding Accruing TDRs [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment in Impaired Loans, With no related allowance | 5,276 | 5,276 | 861 |
Recorded Investment in Impaired Loans, Total | 5,276 | 5,276 | 861 |
Unpaid Principal Balance of Impaired Loans, With no related allowance | 5,909 | 5,909 | 919 |
Unpaid Principal Balance of Impaired Loans, Total | 5,909 | 5,909 | 919 |
Average Recorded Investment, With no related allowance | 5,262 | 3,780 | 440 |
Average Recorded Investment, With an allowance | 352 | ||
Average Recorded Investment, Total | 5,262 | 3,780 | 792 |
Interest Income Recognized, With no related allowance | 10 | 8 | |
Interest Income Recognized, Total | 10 | 8 | |
Agricultural [Member] | Real Estate [Member] | Including Accruing TDRs [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Interest Income Recognized, With no related allowance | 8 | ||
Interest Income Recognized, With an allowance | 4 | ||
Interest Income Recognized, Total | 12 | ||
Agricultural [Member] | Real Estate [Member] | Including Accruing TDRs [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Unpaid Principal Balance of Impaired Loans, With no related allowance | 5,909 | 5,909 | |
Unpaid Principal Balance of Impaired Loans, With an allowance | 127 | 127 | |
Unpaid Principal Balance of Impaired Loans, Total | 6,036 | 6,036 | |
Agricultural [Member] | Real Estate [Member] | Including Accruing TDRs [Member] | Including Accruing TDRs [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment in Impaired Loans, With no related allowance | 5,276 | 5,276 | 861 |
Recorded Investment in Impaired Loans, With an allowance | 116 | 116 | 76 |
Recorded Investment in Impaired Loans, Total | 5,392 | 5,392 | 937 |
Unpaid Principal Balance of Impaired Loans, With no related allowance | 919 | ||
Unpaid Principal Balance of Impaired Loans, With an allowance | 76 | ||
Unpaid Principal Balance of Impaired Loans, Total | 995 | ||
Related Allowance for Credit Losses | 11 | 11 | 1 |
Average Recorded Investment, With no related allowance | 5,262 | 3,780 | 440 |
Average Recorded Investment, With an allowance | 302 | 248 | 424 |
Average Recorded Investment, Total | 5,564 | 4,028 | 864 |
Interest Income Recognized, With no related allowance | 10 | ||
Interest Income Recognized, With an allowance | 1 | ||
Interest Income Recognized, Total | 11 | ||
Commercial And Industrial - Owner Occupied [Member] | Real Estate [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment in Impaired Loans, Total | 4,223 | 4,223 | 8,321 |
Commercial And Industrial - Owner Occupied [Member] | Real Estate [Member] | Excluding Accruing TDRs [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment in Impaired Loans, With no related allowance | 4,223 | 4,223 | 8,321 |
Recorded Investment in Impaired Loans, Total | 4,223 | 4,223 | 8,321 |
Unpaid Principal Balance of Impaired Loans, With no related allowance | 6,156 | 6,156 | 9,520 |
Unpaid Principal Balance of Impaired Loans, Total | 6,156 | 6,156 | 9,520 |
Average Recorded Investment, With no related allowance | 5,718 | 6,700 | 10,314 |
Average Recorded Investment, With an allowance | 1,685 | 741 | |
Average Recorded Investment, Total | 5,718 | 8,385 | 11,055 |
Interest Income Recognized, With no related allowance | 40 | 148 | 355 |
Interest Income Recognized, With an allowance | 5 | ||
Interest Income Recognized, Total | 40 | 153 | 355 |
Commercial And Industrial - Owner Occupied [Member] | Real Estate [Member] | Including Accruing TDRs [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Interest Income Recognized, With no related allowance | 355 | ||
Interest Income Recognized, With an allowance | 124 | ||
Interest Income Recognized, Total | 479 | ||
Commercial And Industrial - Owner Occupied [Member] | Real Estate [Member] | Including Accruing TDRs [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Unpaid Principal Balance of Impaired Loans, With no related allowance | 6,156 | 6,156 | |
Unpaid Principal Balance of Impaired Loans, With an allowance | 4,984 | 4,984 | |
Unpaid Principal Balance of Impaired Loans, Total | 11,140 | 11,140 | |
Commercial And Industrial - Owner Occupied [Member] | Real Estate [Member] | Including Accruing TDRs [Member] | Including Accruing TDRs [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment in Impaired Loans, With no related allowance | 4,223 | 4,223 | 8,321 |
Recorded Investment in Impaired Loans, With an allowance | 4,558 | 4,558 | 4,937 |
Recorded Investment in Impaired Loans, Total | 8,781 | 8,781 | 13,258 |
Unpaid Principal Balance of Impaired Loans, With no related allowance | 9,520 | ||
Unpaid Principal Balance of Impaired Loans, With an allowance | 5,406 | ||
Unpaid Principal Balance of Impaired Loans, Total | 14,926 | ||
Related Allowance for Credit Losses | 198 | 198 | 103 |
Average Recorded Investment, With no related allowance | 5,718 | 6,700 | 10,314 |
Average Recorded Investment, With an allowance | 4,009 | 5,735 | 4,643 |
Average Recorded Investment, Total | 9,727 | 12,435 | 14,957 |
Interest Income Recognized, With no related allowance | 40 | 148 | |
Interest Income Recognized, With an allowance | 39 | 120 | |
Interest Income Recognized, Total | 79 | 268 | |
Construction, Acquisition And Development [Member] | Real Estate [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment in Impaired Loans, Total | 5,933 | ||
Related Allowance for Credit Losses | 35 | ||
Construction, Acquisition And Development [Member] | Real Estate [Member] | Excluding Accruing TDRs [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment in Impaired Loans, With no related allowance | 4,803 | ||
Recorded Investment in Impaired Loans, With an allowance | 1,130 | ||
Recorded Investment in Impaired Loans, Total | 5,933 | ||
Unpaid Principal Balance of Impaired Loans, With no related allowance | 4,803 | ||
Unpaid Principal Balance of Impaired Loans, With an allowance | 1,130 | ||
Unpaid Principal Balance of Impaired Loans, Total | 5,933 | ||
Related Allowance for Credit Losses | 35 | ||
Average Recorded Investment, With no related allowance | 88 | 1,061 | 5,379 |
Average Recorded Investment, With an allowance | 155 | 739 | |
Average Recorded Investment, Total | 88 | 1,216 | 6,118 |
Interest Income Recognized, With no related allowance | 1 | 4 | |
Interest Income Recognized, With an allowance | 10 | ||
Interest Income Recognized, Total | 1 | 14 | |
Construction, Acquisition And Development [Member] | Real Estate [Member] | Including Accruing TDRs [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Interest Income Recognized, With no related allowance | 4 | ||
Interest Income Recognized, With an allowance | 35 | ||
Interest Income Recognized, Total | 39 | ||
Construction, Acquisition And Development [Member] | Real Estate [Member] | Including Accruing TDRs [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Unpaid Principal Balance of Impaired Loans, With an allowance | 670 | 670 | |
Unpaid Principal Balance of Impaired Loans, Total | 670 | 670 | |
Construction, Acquisition And Development [Member] | Real Estate [Member] | Including Accruing TDRs [Member] | Including Accruing TDRs [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment in Impaired Loans, With no related allowance | 4,803 | ||
Recorded Investment in Impaired Loans, With an allowance | 568 | 568 | 1,373 |
Recorded Investment in Impaired Loans, Total | 568 | 568 | 6,176 |
Unpaid Principal Balance of Impaired Loans, With no related allowance | 4,803 | ||
Unpaid Principal Balance of Impaired Loans, With an allowance | 1,373 | ||
Unpaid Principal Balance of Impaired Loans, Total | 6,176 | ||
Related Allowance for Credit Losses | 121 | 121 | 47 |
Average Recorded Investment, With no related allowance | 88 | 1,061 | 5,379 |
Average Recorded Investment, With an allowance | 646 | 584 | 1,551 |
Average Recorded Investment, Total | 734 | 1,645 | 6,930 |
Interest Income Recognized, With no related allowance | 1 | ||
Interest Income Recognized, With an allowance | 1 | 7 | |
Interest Income Recognized, Total | 1 | 8 | |
Commercial Real Estate [Member] | Real Estate [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment in Impaired Loans, Total | 2,392 | 2,392 | 12,296 |
Related Allowance for Credit Losses | 53 | 53 | 2,481 |
Commercial Real Estate [Member] | Real Estate [Member] | Excluding Accruing TDRs [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment in Impaired Loans, With no related allowance | 1,759 | 1,759 | 2,646 |
Recorded Investment in Impaired Loans, With an allowance | 633 | 633 | 9,650 |
Recorded Investment in Impaired Loans, Total | 2,392 | 2,392 | 12,296 |
Unpaid Principal Balance of Impaired Loans, With no related allowance | 1,809 | 1,809 | 2,646 |
Unpaid Principal Balance of Impaired Loans, With an allowance | 633 | 633 | 9,650 |
Unpaid Principal Balance of Impaired Loans, Total | 2,442 | 2,442 | 12,296 |
Related Allowance for Credit Losses | 53 | 53 | 2,481 |
Average Recorded Investment, With no related allowance | 2,663 | 2,529 | 4,391 |
Average Recorded Investment, With an allowance | 899 | 4,348 | 9,868 |
Average Recorded Investment, Total | 3,562 | 6,877 | 14,259 |
Interest Income Recognized, With no related allowance | 10 | 15 | 94 |
Interest Income Recognized, With an allowance | 10 | 20 | 203 |
Interest Income Recognized, Total | 20 | 35 | 297 |
Commercial Real Estate [Member] | Real Estate [Member] | Including Accruing TDRs [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Interest Income Recognized, With no related allowance | 94 | ||
Interest Income Recognized, With an allowance | 336 | ||
Interest Income Recognized, Total | 430 | ||
Commercial Real Estate [Member] | Real Estate [Member] | Including Accruing TDRs [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Unpaid Principal Balance of Impaired Loans, With no related allowance | 1,809 | 1,809 | |
Unpaid Principal Balance of Impaired Loans, With an allowance | 1,671 | 1,671 | |
Unpaid Principal Balance of Impaired Loans, Total | 3,480 | 3,480 | |
Commercial Real Estate [Member] | Real Estate [Member] | Including Accruing TDRs [Member] | Including Accruing TDRs [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment in Impaired Loans, With no related allowance | 1,759 | 1,759 | 2,646 |
Recorded Investment in Impaired Loans, With an allowance | 1,671 | 1,671 | 16,187 |
Recorded Investment in Impaired Loans, Total | 3,430 | 3,430 | 18,833 |
Unpaid Principal Balance of Impaired Loans, With no related allowance | 2,646 | ||
Unpaid Principal Balance of Impaired Loans, With an allowance | 16,400 | ||
Unpaid Principal Balance of Impaired Loans, Total | 19,046 | ||
Related Allowance for Credit Losses | 129 | 129 | 2,532 |
Average Recorded Investment, With no related allowance | 2,663 | 2,529 | 4,391 |
Average Recorded Investment, With an allowance | 1,495 | 6,023 | 12,888 |
Average Recorded Investment, Total | 4,158 | 8,552 | $ 17,279 |
Interest Income Recognized, With no related allowance | 10 | 15 | |
Interest Income Recognized, With an allowance | 18 | 59 | |
Interest Income Recognized, Total | $ 28 | $ 74 |
LOANS AND LEASES (Non-Performin
LOANS AND LEASES (Non-Performing Loans And Leases) (Details) - USD ($) $ in Thousands | 3 Months Ended | ||
Sep. 30, 2017 | Dec. 31, 2016 | Sep. 30, 2016 | |
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total | $ 11,055,509 | $ 10,811,991 | $ 10,658,761 |
Non-accrual loans and leases | $ 55,796 | 71,812 | 70,725 |
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 | $ 55,796 | 71,812 | 70,725 |
Total | 65,017 | 101,842 | 90,916 |
Non-Performing [Member] | 90+ Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Still accruing | 1,855 | 3,983 | 2,255 |
Non-Performing [Member] | Restructured Loans And Leases [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Still accruing | 7,366 | 26,047 | 17,936 |
Commercial And Industrial [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total | 1,506,352 | 1,612,295 | |
Non-accrual loans and leases | 8,776 | 13,679 | 11,659 |
Real Estate [Member] | Consumer Mortgages [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total | 2,826,333 | 2,643,966 | |
Non-accrual loans and leases | 23,635 | 21,084 | 20,196 |
Real Estate [Member] | Home Equity [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total | 626,961 | 628,846 | |
Non-accrual loans and leases | 2,555 | 3,817 | 3,721 |
Real Estate [Member] | Agricultural [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total | 247,211 | 245,377 | |
Non-accrual loans and leases | 5,919 | 1,546 | 1,194 |
Real Estate [Member] | Commercial And Industrial - Owner Occupied [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total | 1,835,430 | 1,764,265 | |
Non-accrual loans and leases | 7,558 | 10,791 | 11,983 |
Real Estate [Member] | Construction, Acquisition And Development [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total | 1,175,979 | 1,157,248 | |
Non-accrual loans and leases | 1,771 | 7,022 | 6,939 |
Real Estate [Member] | Commercial Real Estate [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total | 2,336,219 | 2,237,719 | |
Non-accrual loans and leases | 4,645 | 13,402 | 14,793 |
Credit Cards [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total | 104,613 | 109,656 | |
Non-accrual loans and leases | 126 | 161 | 121 |
All Other [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total | 396,411 | 412,619 | |
Non-accrual loans and leases | $ 811 | $ 310 | $ 119 |
LOANS AND LEASES (Troubled Debt
LOANS AND LEASES (Troubled Debt Restructurings) (Details) $ in Thousands | 3 Months Ended | 9 Months Ended | 12 Months Ended |
Sep. 30, 2017USD ($)contract | Sep. 30, 2017USD ($)contract | Dec. 31, 2016USD ($)contract | |
Consumer Mortgages [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of Contracts | contract | 1 | ||
Recorded Investment | $ 65 | ||
Commercial Real Estate [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of Contracts | contract | 2 | 2 | |
Pre-Modification Outstanding Recorded Investment | $ 787 | $ 787 | |
Post-Modification Outstanding Recorded Investment | $ 782 | $ 782 | |
Commercial And Industrial [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of Contracts | contract | 3 | 8 | 25 |
Pre-Modification Outstanding Recorded Investment | $ 404 | $ 929 | $ 14,469 |
Post-Modification Outstanding Recorded Investment | $ 403 | $ 919 | $ 14,305 |
Number of Contracts | contract | 3 | 5 | 8 |
Recorded Investment | $ 309 | $ 343 | $ 3,804 |
Real Estate [Member] | Consumer Mortgages [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of Contracts | contract | 5 | 16 | |
Pre-Modification Outstanding Recorded Investment | $ 297 | $ 1,429 | |
Post-Modification Outstanding Recorded Investment | $ 296 | $ 1,354 | |
Number of Contracts | contract | 4 | 7 | |
Recorded Investment | $ 456 | $ 597 | |
Real Estate [Member] | Home Equity [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of Contracts | contract | 4 | 1 | |
Pre-Modification Outstanding Recorded Investment | $ 149 | $ 3 | |
Post-Modification Outstanding Recorded Investment | $ 149 | $ 3 | |
Number of Contracts | contract | 1 | ||
Recorded Investment | $ 48 | ||
Real Estate [Member] | Agricultural [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of Contracts | contract | 2 | ||
Pre-Modification Outstanding Recorded Investment | $ 79 | ||
Post-Modification Outstanding Recorded Investment | $ 79 | ||
Number of Contracts | contract | 1 | ||
Recorded Investment | $ 10 | ||
Real Estate [Member] | Commercial And Industrial - Owner Occupied [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of Contracts | contract | 1 | 4 | 10 |
Pre-Modification Outstanding Recorded Investment | $ 418 | $ 1,396 | $ 4,344 |
Post-Modification Outstanding Recorded Investment | $ 416 | $ 1,389 | $ 4,331 |
Number of Contracts | contract | 2 | 5 | 2 |
Recorded Investment | $ 1,078 | $ 2,170 | $ 532 |
Real Estate [Member] | Construction, Acquisition And Development [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of Contracts | contract | 1 | ||
Recorded Investment | $ 14 | ||
Real Estate [Member] | Commercial Real Estate [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of Contracts | contract | 5 | ||
Pre-Modification Outstanding Recorded Investment | $ 8,931 | ||
Post-Modification Outstanding Recorded Investment | $ 6,702 | ||
Number of Contracts | contract | 1 | ||
Recorded Investment | $ 9,336 | ||
All Other [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of Contracts | contract | 1 | 6 | 8 |
Pre-Modification Outstanding Recorded Investment | $ 7 | $ 64 | $ 3,622 |
Post-Modification Outstanding Recorded Investment | $ 7 | $ 60 | $ 3,608 |
Number of Contracts | contract | 1 | 3 | 2 |
Recorded Investment | $ 5 | $ 10 | $ 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 | 9 Months Ended | 12 Months Ended | |
Sep. 30, 2017 | Sep. 30, 2017 | Sep. 30, 2016 | Dec. 31, 2016 | |
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Provision | $ 500 | $ 2,500 | $ 3,000 | |
Commercial And Industrial [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Balance at beginning of period | 19,170 | 17,583 | $ 17,583 | |
Charge-offs | (6,120) | (2,068) | (4,551) | |
Recoveries | 2,005 | 814 | 1,833 | |
Provision | 2,749 | 1,516 | 4,305 | |
Balance at end of period | 17,804 | 17,804 | 17,845 | 19,170 |
Real Estate [Member] | Consumer Mortgages [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Balance at beginning of period | 30,386 | 33,198 | 33,198 | |
Charge-offs | (2,311) | (1,782) | (2,687) | |
Recoveries | 1,606 | 1,281 | 1,694 | |
Provision | 1,024 | (1,078) | (1,819) | |
Balance at end of period | 30,705 | 30,705 | 31,619 | 30,386 |
Real Estate [Member] | Home Equity [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Balance at beginning of period | 7,174 | 6,949 | 6,949 | |
Charge-offs | (1,023) | (1,011) | (1,884) | |
Recoveries | 844 | 435 | 506 | |
Provision | (1,162) | 1,674 | 1,603 | |
Balance at end of period | 5,833 | 5,833 | 8,047 | 7,174 |
Real Estate [Member] | Agricultural [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Balance at beginning of period | 2,172 | 2,524 | 2,524 | |
Charge-offs | (104) | (110) | (110) | |
Recoveries | 152 | 160 | 175 | |
Provision | (93) | (422) | (417) | |
Balance at end of period | 2,127 | 2,127 | 2,152 | 2,172 |
Real Estate [Member] | Commercial And Industrial - Owner Occupied [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Balance at beginning of period | 12,899 | 14,607 | 14,607 | |
Charge-offs | (1,884) | (1,075) | (1,095) | |
Recoveries | 959 | 343 | 544 | |
Provision | 2,889 | (1,090) | (1,157) | |
Balance at end of period | 14,863 | 14,863 | 12,785 | 12,899 |
Real Estate [Member] | Construction, Acquisition And Development [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Balance at beginning of period | 13,957 | 15,925 | 15,925 | |
Charge-offs | (113) | (511) | (521) | |
Recoveries | 1,792 | 1,178 | 1,373 | |
Provision | (2,181) | (3,015) | (2,820) | |
Balance at end of period | 13,455 | 13,455 | 13,577 | 13,957 |
Real Estate [Member] | Commercial Real Estate [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Balance at beginning of period | 24,845 | 25,508 | 25,508 | |
Charge-offs | (69) | (1,129) | (1,129) | |
Recoveries | 295 | 2,235 | 2,411 | |
Provision | (3,480) | 233 | (1,945) | |
Balance at end of period | 21,591 | 21,591 | 26,847 | 24,845 |
Credit Cards [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Balance at beginning of period | 7,787 | 4,047 | 4,047 | |
Charge-offs | (2,364) | (2,030) | (2,845) | |
Recoveries | 631 | 642 | 850 | |
Provision | 1,171 | 4,459 | 5,735 | |
Balance at end of period | 7,225 | 7,225 | 7,118 | 7,787 |
All Other [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Balance at beginning of period | 5,346 | 6,117 | 6,117 | |
Charge-offs | (1,861) | (1,617) | (2,197) | |
Recoveries | 825 | 674 | 911 | |
Provision | 1,583 | 723 | 515 | |
Balance at end of period | $ 5,893 | $ 5,893 | $ 5,897 | $ 5,346 |
ALLOWANCE FOR CREDIT LOSSES (Al
ALLOWANCE FOR CREDIT LOSSES (Allowance For Credit Losses By Segment, Class And Impairment Status) (Details) - USD ($) | Sep. 30, 2017 | Dec. 31, 2016 | Sep. 30, 2016 | Dec. 31, 2015 |
Financing Receivable, Impaired [Line Items] | ||||
Evaluated for impairment threshold | $ 500,000 | |||
Commercial And Industrial [Member] | ||||
Financing Receivable, Impaired [Line Items] | ||||
Recorded balance of impaired loans | 5,009,000 | $ 8,314,000 | ||
Allowance for impaired loans and leases | 528,000 | 1,837,000 | ||
Allowance for all other loans and leases | 17,276,000 | 17,333,000 | ||
Total allowance | 17,804,000 | 19,170,000 | $ 17,845,000 | $ 17,583,000 |
Credit Cards [Member] | ||||
Financing Receivable, Impaired [Line Items] | ||||
Allowance for all other loans and leases | 7,225,000 | 7,787,000 | ||
Total allowance | 7,225,000 | 7,787,000 | 7,118,000 | 4,047,000 |
All Other [Member] | ||||
Financing Receivable, Impaired [Line Items] | ||||
Allowance for all other loans and leases | 5,893,000 | 5,346,000 | ||
Total allowance | 5,893,000 | 5,346,000 | 5,897,000 | 6,117,000 |
Consumer Mortgages [Member] | Real Estate [Member] | ||||
Financing Receivable, Impaired [Line Items] | ||||
Recorded balance of impaired loans | 2,064,000 | 1,655,000 | ||
Allowance for all other loans and leases | 30,705,000 | 30,386,000 | ||
Total allowance | 30,705,000 | 30,386,000 | 31,619,000 | 33,198,000 |
Home Equity [Member] | Real Estate [Member] | ||||
Financing Receivable, Impaired [Line Items] | ||||
Recorded balance of impaired loans | 767,000 | 857,000 | ||
Allowance for all other loans and leases | 5,833,000 | 7,174,000 | ||
Total allowance | 5,833,000 | 7,174,000 | 8,047,000 | 6,949,000 |
Agricultural [Member] | Real Estate [Member] | ||||
Financing Receivable, Impaired [Line Items] | ||||
Recorded balance of impaired loans | 5,276,000 | 861,000 | ||
Allowance for all other loans and leases | 2,127,000 | 2,172,000 | ||
Total allowance | 2,127,000 | 2,172,000 | 2,152,000 | 2,524,000 |
Commercial And Industrial - Owner Occupied [Member] | Real Estate [Member] | ||||
Financing Receivable, Impaired [Line Items] | ||||
Recorded balance of impaired loans | 4,223,000 | 8,321,000 | ||
Allowance for all other loans and leases | 14,863,000 | 12,899,000 | ||
Total allowance | 14,863,000 | 12,899,000 | 12,785,000 | 14,607,000 |
Construction, Acquisition And Development [Member] | Real Estate [Member] | ||||
Financing Receivable, Impaired [Line Items] | ||||
Recorded balance of impaired loans | 5,933,000 | |||
Allowance for impaired loans and leases | 35,000 | |||
Allowance for all other loans and leases | 13,455,000 | 13,922,000 | ||
Total allowance | 13,455,000 | 13,957,000 | 13,577,000 | 15,925,000 |
Commercial Real Estate [Member] | Real Estate [Member] | ||||
Financing Receivable, Impaired [Line Items] | ||||
Recorded balance of impaired loans | 2,392,000 | 12,296,000 | ||
Allowance for impaired loans and leases | 53,000 | 2,481,000 | ||
Allowance for all other loans and leases | 21,538,000 | 22,364,000 | ||
Total allowance | $ 21,591,000 | $ 24,845,000 | $ 26,847,000 | $ 25,508,000 |
OTHER REAL ESTATE OWNED (Activi
OTHER REAL ESTATE OWNED (Activity In Other Real Estate Owned) (Details) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended | |
Sep. 30, 2017 | Sep. 30, 2016 | Dec. 31, 2016 | |
OTHER REAL ESTATE OWNED [Abstract] | |||
Balance at beginning of period | $ 7,810 | $ 14,759 | $ 14,759 |
New foreclosed properties | 5,173 | 9,266 | 9,752 |
Sales | (5,876) | (10,582) | (14,183) |
Writedowns | (1,151) | (2,052) | (2,518) |
Balance at end of period | $ 5,956 | $ 11,391 | $ 7,810 |
OTHER REAL ESTATE OWNED (Other
OTHER REAL ESTATE OWNED (Other Real Estate Owned By Segment And Class) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | Dec. 31, 2016 | Dec. 31, 2015 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Total | $ 5,956 | $ 11,391 | $ 5,956 | $ 11,391 | $ 7,810 | $ 14,759 |
Total foreclosed property expenses | 447 | 859 | 2,457 | 3,349 | ||
Realized net losses on dispositions and holding losses on valuations of foreclosed properties | 164 | 525 | (1,125) | (2,254) | ||
Real Estate [Member] | Consumer Mortgages [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Total | 1,634 | 1,956 | 1,634 | 1,956 | 857 | |
Real Estate [Member] | Home Equity [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Total | 58 | 39 | 58 | 39 | 39 | |
Real Estate [Member] | Agricultural [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Total | 22 | 25 | 22 | 25 | 22 | |
Real Estate [Member] | Commercial And Industrial - Owner Occupied [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Total | 1,539 | 1,921 | 1,539 | 1,921 | 1,958 | |
Real Estate [Member] | Construction, Acquisition And Development [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Total | 2,390 | 6,085 | 2,390 | 6,085 | 3,746 | |
Real Estate [Member] | Commercial Real Estate [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Total | 244 | 1,183 | 244 | 1,183 | 1,128 | |
All Other [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Total | $ 69 | $ 182 | $ 69 | $ 182 | $ 60 |
SECURITIES (Amortized Cost And
SECURITIES (Amortized Cost And Estimated Fair Values Of Available-For-Sale Securities) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2017 | Dec. 31, 2016 | Sep. 30, 2016 | |
Schedule of Available-for-sale Securities [Line Items] | ||||
Amortized Cost | $ 2,353,292 | $ 2,353,292 | $ 2,521,592 | $ 2,436,449 |
Gross Unrealized Gains | 17,264 | 17,264 | 21,407 | 34,947 |
Gross Unrealized Losses | 10,589 | 10,589 | 11,323 | 3,197 |
Estimated Fair Value | 2,359,967 | 2,359,967 | 2,531,676 | 2,468,199 |
Carrying value of FHLB stock | 32,600 | 32,600 | ||
Required investment in FHLB stock | 27,600 | 27,600 | ||
Gross gains recognized on available-for-sale securities | 1,100 | 89 | ||
US Government Agencies [Member] | ||||
Schedule of Available-for-sale Securities [Line Items] | ||||
Amortized Cost | 1,693,102 | 1,693,102 | 1,794,231 | 1,686,637 |
Gross Unrealized Gains | 268 | 268 | 1,261 | 5,330 |
Gross Unrealized Losses | 6,184 | 6,184 | 6,065 | 101 |
Estimated Fair Value | 1,687,186 | 1,687,186 | 1,789,427 | 1,691,866 |
U.S. Government Agency Issued Residential Mortgage-Backed Securities [Member] | ||||
Schedule of Available-for-sale Securities [Line Items] | ||||
Amortized Cost | 157,868 | 157,868 | 176,476 | 181,307 |
Gross Unrealized Gains | 1,288 | 1,288 | 1,665 | 2,887 |
Gross Unrealized Losses | 1,265 | 1,265 | 1,898 | 99 |
Estimated Fair Value | 157,891 | 157,891 | 176,243 | 184,095 |
U.S. Government Agency Issued Commercial Mortgage-Backed Securities [Member] | ||||
Schedule of Available-for-sale Securities [Line Items] | ||||
Amortized Cost | 153,157 | 153,157 | 171,840 | 175,078 |
Gross Unrealized Gains | 1,400 | 1,400 | 1,648 | 3,831 |
Gross Unrealized Losses | 1,048 | 1,048 | 1,209 | 82 |
Estimated Fair Value | 153,509 | 153,509 | 172,279 | 178,827 |
Obligations Of States And Political Subdivisions [Member] | ||||
Schedule of Available-for-sale Securities [Line Items] | ||||
Amortized Cost | 316,374 | 316,374 | 346,609 | 366,039 |
Gross Unrealized Gains | 14,032 | 14,032 | 15,547 | 21,871 |
Gross Unrealized Losses | 2,092 | 2,092 | 2,151 | 2,915 |
Estimated Fair Value | 328,314 | 328,314 | 360,005 | 384,995 |
FHLB and other securities [Member] | ||||
Schedule of Available-for-sale Securities [Line Items] | ||||
Amortized Cost | 32,791 | 32,791 | 32,436 | 27,388 |
Gross Unrealized Gains | 276 | 276 | 1,286 | 1,028 |
Estimated Fair Value | $ 33,067 | $ 33,067 | $ 33,722 | $ 28,416 |
SECURITIES (Amortized Cost An49
SECURITIES (Amortized Cost And Estimated Fair Value Of Available-For-Sale Securities By Contractual Maturity) (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 | Sep. 30, 2016 |
SECURITIES [Abstract] | |||
Maturing in one year or less, Amortized Cost | $ 595,396 | ||
Maturing after one year through five years, Amortized Cost | 1,170,245 | ||
Maturing after five years through ten years, Amortized Cost | 60,417 | ||
Maturing after ten years, Amortized Cost | 216,209 | ||
Mortgage-backed securities, Amortized Cost | 311,025 | ||
Amortized Cost | 2,353,292 | $ 2,521,592 | $ 2,436,449 |
Maturing in one year or less, Estimated Fair Value | 595,218 | ||
Maturing after one year through five years, Estimated Fair Value | 1,165,247 | ||
Maturing after five years through ten years, Estimated Fair Value | 61,041 | ||
Maturing after ten years, Estimated Fair Value | 227,061 | ||
Mortgage-backed securities, Estimated Fair Value | 311,400 | ||
Estimated Fair Value | $ 2,359,967 | $ 2,531,676 | $ 2,468,199 |
Maturing in one year or less, Weighted Average Yield | 1.21% | ||
Maturing after one year through five years, Weighted Average Yield | 1.40% | ||
Maturing after five years through ten years, Weighted Average Yield | 5.94% | ||
Maturing after ten years, Weighted Average Yield | 5.13% | ||
Mortgage-backed securities, Weighted Average Yield | 2.18% |
SECURITIES (Temporarily Impaire
SECURITIES (Temporarily Impaired Available-For-Sale Securities With Continuous Unrealized Loss Positions) (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Schedule of Available-for-sale Securities [Line Items] | ||
Less Than 12 Months, Fair Value | $ 1,156,017 | $ 1,330,910 |
12 Months or Longer, Fair Value | 412,219 | 29,760 |
Total, Fair Value | 1,568,236 | 1,360,670 |
Less Than 12 Months, Unrealized Losses | 4,283 | 11,083 |
12 Months or Longer, Unrealized Losses | 6,306 | 240 |
Total, Unrealized Losses | 10,589 | 11,323 |
US Government Agencies [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Less Than 12 Months, Fair Value | 1,013,354 | 1,082,573 |
12 Months or Longer, Fair Value | 335,579 | |
Total, Fair Value | 1,348,933 | 1,082,573 |
Less Than 12 Months, Unrealized Losses | 3,213 | 6,065 |
12 Months or Longer, Unrealized Losses | 2,971 | |
Total, Unrealized Losses | 6,184 | 6,065 |
U.S. Government Agency Issued Residential Mortgage-Backed Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Less Than 12 Months, Fair Value | 45,264 | 71,599 |
12 Months or Longer, Fair Value | 34,636 | 15,375 |
Total, Fair Value | 79,900 | 86,974 |
Less Than 12 Months, Unrealized Losses | 365 | 1,783 |
12 Months or Longer, Unrealized Losses | 900 | 115 |
Total, Unrealized Losses | 1,265 | 1,898 |
U.S. Government Agency Issued Commercial Mortgage-Backed Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Less Than 12 Months, Fair Value | 89,351 | 129,940 |
12 Months or Longer, Fair Value | 34,176 | 14,385 |
Total, Fair Value | 123,527 | 144,325 |
Less Than 12 Months, Unrealized Losses | 684 | 1,084 |
12 Months or Longer, Unrealized Losses | 364 | 125 |
Total, Unrealized Losses | 1,048 | 1,209 |
Obligations Of States And Political Subdivisions [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Less Than 12 Months, Fair Value | 8,048 | 46,798 |
12 Months or Longer, Fair Value | 7,828 | |
Total, Fair Value | 15,876 | 46,798 |
Less Than 12 Months, Unrealized Losses | 21 | 2,151 |
12 Months or Longer, Unrealized Losses | 2,071 | |
Total, Unrealized Losses | $ 2,092 | $ 2,151 |
PER SHARE DATA (Details)
PER SHARE DATA (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||||
Income available to common shareholders | $ 39,528 | $ 37,817 | $ 115,510 | $ 95,058 |
Income available to common shareholders plus assumed exercise of all outstanding share-based awards | $ 39,528 | $ 37,817 | $ 115,510 | $ 95,058 |
Income available to common shareholders (in shares) | 90,912,000 | 94,304,000 | 91,974 | 94,378 |
Effect of dilutive share-based awards (in shares) | 188,000 | 260,000 | 183 | 239 |
Income available to common shareholders plus assumed exercise all outstanding share-based awards (in shares) | 91,100,000 | 94,564,000 | 92,157 | 94,617 |
Income available to common shareholders (in dollars per share) | $ 0.43 | $ 0.40 | $ 1.26 | $ 1.01 |
Income available to common shareholders plus assumed exercise all outstanding share-based awards (in dollars per share) | $ 0.43 | $ 0.40 | $ 1.25 | $ 1 |
Stock Options [Member] | ||||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||||
Antidilutive securities excluded from diluted shares (in shares) | 0 | 32,400 | 0 | 45,000 |
Weighted average exercise price of antidilutive securities (in dollars per share) | $ 24.47 | $ 24.71 | ||
Other Equity Awards [Member] | ||||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||||
Antidilutive securities excluded from diluted shares (in shares) | 0 | 0 | 0 | 0 |
COMPREHENSIVE INCOME (Details)
COMPREHENSIVE INCOME (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | |
COMPREHENSIVE INCOME [Abstract] | ||||
Unrealized gains (losses) arising during holding period, Before tax amount | $ (2,082) | $ (11,169) | $ (2,308) | $ 8,956 |
Reclassification adjustment for net gains realized in net income, Before tax amount | (5) | (1) | (1,099) | (89) |
Recognized employee benefit plan net periodic benefit cost, Before tax amount | 1,533 | 1,511 | 4,599 | 4,533 |
Other comprehensive income (loss), Before tax amount | (554) | (9,659) | 1,192 | 13,400 |
Unrealized gains (losses) arising during holding period, Tax effect | 796 | 4,275 | 880 | (3,424) |
Reclassification adjustment for net gains realized in net income, Tax effect | 2 | 420 | 34 | |
Recognized employee benefit plan net periodic benefit cost, Tax effect | (586) | (578) | (1,758) | (1,734) |
Other comprehensive income (loss), Tax effect | 212 | 3,697 | (458) | (5,124) |
Unrealized gains (losses) arising during holding period, Net of tax amount | (1,286) | (6,894) | (1,428) | 5,532 |
Reclassification adjustment for net gains realized in net income, Net of tax amount | (3) | (1) | (679) | (55) |
Recognized employee benefit plan net periodic benefit cost, Net of tax amount | 947 | 933 | 2,841 | 2,799 |
Other comprehensive income (loss), net of tax | (342) | (5,962) | 734 | 8,276 |
Net income | 39,528 | 37,817 | 115,510 | 95,058 |
Comprehensive income | $ 39,186 | $ 31,855 | $ 116,244 | $ 103,334 |
GOODWILL AND OTHER INTANGIBLE53
GOODWILL AND OTHER INTANGIBLE ASSETS (Carrying Amounts Of Goodwill) (Details) $ in Thousands | 9 Months Ended |
Sep. 30, 2017USD ($) | |
Balance, beginning of period | $ 300,798 |
Goodwill recorded during the year | |
Balance, end of period | 300,798 |
Banking Services Group [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 | 83,180 |
Goodwill recorded during the year | |
Balance, end of period | $ 83,180 |
GOODWILL AND OTHER INTANGIBLE54
GOODWILL AND OTHER INTANGIBLE ASSETS (Identifiable Intangible Assets) (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Core Deposit Intangibles [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Gross Carrying Amount | $ 27,801 | $ 27,801 |
Accumulated Amortization | 24,035 | 23,721 |
Customer Relationship Intangibles [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Gross Carrying Amount | 45,758 | 46,568 |
Accumulated Amortization | 31,980 | 30,406 |
Non-Solicitation Intangibles [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Gross Carrying Amount | 1,650 | 1,850 |
Accumulated Amortization | 1,022 | 886 |
Trade Names [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Gross Carrying Amount | $ 688 | $ 688 |
GOODWILL AND OTHER INTANGIBLE55
GOODWILL AND OTHER INTANGIBLE ASSETS (Future Estimated Amortization Expense) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | |
Finite-Lived Intangible Assets [Line Items] | ||||
Aggregate amortization expense | $ 994 | $ 923 | $ 3,034 | $ 2,672 |
Core Deposit Intangibles [Member] | ||||
Finite-Lived Intangible Assets [Line Items] | ||||
Aggregate amortization expense | 103 | 112 | 314 | 340 |
Customer Relationship Intangibles [Member] | ||||
Finite-Lived Intangible Assets [Line Items] | ||||
Aggregate amortization expense | 779 | 737 | 2,384 | 2,075 |
Non-Solicitation Intangibles [Member] | ||||
Finite-Lived Intangible Assets [Line Items] | ||||
Aggregate amortization expense | $ 112 | $ 74 | $ 336 | $ 257 |
GOODWILL AND OTHER INTANGIBLE56
GOODWILL AND OTHER INTANGIBLE ASSETS (Estimated Future Amortization Expense) (Details) $ in Thousands | Sep. 30, 2017USD ($) |
Finite-Lived Intangible Assets [Line Items] | |
For year ending December 31, 2017 | $ 4,014 |
For year ending December 31, 2018 | 3,505 |
For year ending December 31, 2019 | 2,790 |
For year ending December 31, 2020 | 2,354 |
For year ending December 31, 2021 | 1,842 |
Core Deposit Intangibles [Member] | |
Finite-Lived Intangible Assets [Line Items] | |
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 |
For year ending December 31, 2021 | 251 |
Customer Relationship Intangibles [Member] | |
Finite-Lived Intangible Assets [Line Items] | |
For year ending December 31, 2017 | 3,147 |
For year ending December 31, 2018 | 2,696 |
For year ending December 31, 2019 | 2,330 |
For year ending December 31, 2020 | 2,014 |
For year ending December 31, 2021 | 1,591 |
Non-Solicitation Intangibles [Member] | |
Finite-Lived Intangible Assets [Line Items] | |
For year ending December 31, 2017 | 448 |
For year ending December 31, 2018 | 419 |
For year ending December 31, 2019 | $ 97 |
PENSION BENEFITS (Details)
PENSION BENEFITS (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | |
PENSION BENEFITS [Abstract] | ||||
Service cost | $ 1,532 | $ 2,213 | $ 4,596 | $ 6,639 |
Interest cost | 2,294 | 2,341 | 6,882 | 7,023 |
Expected return on assets | (2,953) | (2,613) | (8,859) | (7,839) |
Recognized prior service cost | (186) | (179) | (558) | (537) |
Recognized net loss | 1,719 | 1,690 | 5,157 | 5,070 |
Net periodic benefit cost | $ 2,406 | $ 3,452 | $ 7,218 | $ 10,356 |
RECENT PRONOUNCEMENTS (Details)
RECENT PRONOUNCEMENTS (Details) - Scenario, Forecast [Member] - Accounting Standards Update 2016-09 [Member] $ in Thousands | 12 Months Ended |
Dec. 31, 2017USD ($) | |
Minimum [Member] | |
Incremental effect on income tax provision | $ 561 |
Maximum [Member] | |
Incremental effect on income tax provision | $ 930 |
SEGMENT REPORTING (Details)
SEGMENT REPORTING (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | Dec. 31, 2016 |
Net interest revenue | $ 120,561 | $ 114,590 | $ 352,650 | $ 338,065 | |||
Provision for credit losses | 500 | 2,500 | 3,000 | ||||
Net interest revenue, after provision for credit losses | 120,061 | 114,590 | 350,150 | 335,065 | |||
Noninterest revenue | 65,960 | 69,673 | 204,959 | 202,926 | |||
Noninterest expense | 126,903 | 128,317 | 381,565 | 397,390 | |||
Income before income taxes | 59,118 | 55,946 | 173,544 | 140,601 | |||
Income tax expense (benefit) | 19,590 | 18,129 | 58,034 | 45,543 | |||
Net income | 39,528 | 37,817 | 115,510 | 95,058 | |||
Total assets at end of period | $ 14,760,394 | $ 14,611,483 | 14,760,394 | 14,611,483 | 14,760,394 | 14,611,483 | $ 14,724,388 |
Depreciation and amortization | 22,615 | 21,695 | 7,567 | 7,341 | |||
Banking Services Group [Member] | |||||||
Net interest revenue | 115,899 | 111,772 | 340,068 | 330,523 | |||
Net interest revenue, after provision for credit losses | 115,899 | 111,772 | 340,068 | 330,523 | |||
Noninterest revenue | 21,428 | 23,248 | 64,986 | 69,263 | |||
Noninterest expense | 74,643 | 78,931 | 225,119 | 231,836 | |||
Income before income taxes | 62,684 | 56,089 | 179,935 | 167,950 | |||
Income tax expense (benefit) | 21,967 | 18,711 | 62,351 | 57,072 | |||
Net income | 40,717 | 37,378 | 117,584 | 110,878 | |||
Total assets at end of period | 11,421,704 | 11,358,022 | 11,421,704 | 11,358,022 | 11,421,704 | 11,358,022 | |
Depreciation and amortization | 16,553 | 16,128 | 5,500 | 5,485 | |||
Mortgage [Member] | |||||||
Net interest revenue | 4,620 | 3,183 | 12,472 | 8,614 | |||
Net interest revenue, after provision for credit losses | 4,620 | 3,183 | 12,472 | 8,614 | |||
Noninterest revenue | 6,910 | 11,080 | 22,036 | 20,778 | |||
Noninterest expense | 7,050 | 6,294 | 20,829 | 18,740 | |||
Income before income taxes | 4,480 | 7,969 | 13,679 | 10,652 | |||
Income tax expense (benefit) | 1,677 | 2,906 | 5,084 | 3,873 | |||
Net income | 2,803 | 5,063 | 8,595 | 6,779 | |||
Total assets at end of period | 630,986 | 518,880 | 630,986 | 518,880 | 630,986 | 518,880 | |
Depreciation and amortization | 531 | 438 | 226 | 147 | |||
Insurance Agencies [Member] | |||||||
Net interest revenue | 11 | 11 | 32 | 46 | |||
Net interest revenue, after provision for credit losses | 11 | 11 | 32 | 46 | |||
Noninterest revenue | 28,789 | 27,913 | 93,188 | 89,821 | |||
Noninterest expense | 25,766 | 25,335 | 78,416 | 75,598 | |||
Income before income taxes | 3,034 | 2,589 | 14,804 | 14,269 | |||
Income tax expense (benefit) | 1,228 | 1,051 | 6,063 | 5,702 | |||
Net income | 1,806 | 1,538 | 8,741 | 8,567 | |||
Total assets at end of period | 225,458 | 217,062 | 225,458 | 217,062 | 225,458 | 217,062 | |
Depreciation and amortization | 3,520 | 3,169 | 1,152 | 1,075 | |||
Wealth Management [Member] | |||||||
Net interest revenue | 12 | 3 | 25 | 5 | |||
Net interest revenue, after provision for credit losses | 12 | 3 | 25 | 5 | |||
Noninterest revenue | 5,862 | 5,728 | 17,237 | 17,029 | |||
Noninterest expense | 3,991 | 4,257 | 12,120 | 12,753 | |||
Income before income taxes | 1,883 | 1,474 | 5,142 | 4,281 | |||
Income tax expense (benefit) | 705 | 538 | 1,911 | 1,556 | |||
Net income | 1,178 | 936 | 3,231 | 2,725 | |||
Total assets at end of period | 24,047 | 19,509 | 24,047 | 19,509 | 24,047 | 19,509 | |
Depreciation and amortization | 76 | 85 | 25 | 28 | |||
General Corporate And Other [Member] | |||||||
Net interest revenue | 19 | (379) | 53 | (1,123) | |||
Provision for credit losses | 500 | 2,500 | 3,000 | ||||
Net interest revenue, after provision for credit losses | (481) | (379) | (2,447) | (4,123) | |||
Noninterest revenue | 2,971 | 1,704 | 7,512 | 6,035 | |||
Noninterest expense | 15,453 | 13,500 | 45,081 | 58,463 | |||
Income before income taxes | (12,963) | (12,175) | (40,016) | (56,551) | |||
Income tax expense (benefit) | (5,987) | (5,077) | (17,375) | (22,660) | |||
Net income | (6,976) | (7,098) | (22,641) | (33,891) | |||
Total assets at end of period | 2,458,199 | 2,498,010 | 2,458,199 | 2,498,010 | $ 2,458,199 | $ 2,498,010 | |
Depreciation and amortization | $ 1,935 | $ 1,875 | $ 664 | $ 606 |
MORTGAGE SERVICING RIGHTS (Data
MORTGAGE SERVICING RIGHTS (Data and Assumptions Used in Fair Value Calculation) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | Dec. 31, 2016 | |
MORTGAGE SERVICING RIGHTS [Abstract] | |||||
Unpaid principal balance | $ 6,506,550 | $ 6,285,027 | $ 6,506,550 | $ 6,285,027 | $ 6,384,649 |
Weighted-average prepayment speed (CPR) | 9.40% | 12.70% | 9.40% | ||
Discount rate (annual percentage) (in hundredths) | 9.80% | 9.80% | 9.80% | ||
Weighted-average coupon interest rate (percentage) (in hundredths) | 4.00% | 4.00% | 3.90% | ||
Weighted-average remaining maturity (months) | 326 months | 322 months | 323 months | ||
Weighted-average servicing fee (basis points) | 0.267% | 0.267% | 0.267% | ||
Contractual servicing fees | $ 4,400 | $ 4,300 | 13,100 | 12,600 | |
Late and other ancillary fees | $ 206 | $ 243 | $ 1,000 | $ 1,500 |
MORTGAGE SERVICING RIGHTS (Acti
MORTGAGE SERVICING RIGHTS (Activity in Class of Mortgage Servicing Assets) (Details) - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2017 | Sep. 30, 2016 | |
MORTGAGE SERVICING RIGHTS [Abstract] | ||
Fair value as of beginning of period | $ 65,263 | $ 57,268 |
Origination of servicing assets | 9,031 | 10,684 |
Due to payoffs/paydowns | (7,203) | (5,784) |
Due to change in valuation inputs or assumptions used in the valuation model | (671) | (10,233) |
Other changes in fair value | (3) | (5) |
Fair value as of end of period | $ 66,417 | $ 51,930 |
DERIVATIVE INSTRUMENTS AND OF62
DERIVATIVE INSTRUMENTS AND OFFSETTING ASSETS AND LIABILITIES (Narrative) (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 |
Forward Commitments [Member] | ||||
Derivative [Line Items] | ||||
Notional amount | $ 264,300 | $ 264,300 | ||
Difference in carrying value and fair value, reflecting a gain | $ 286 | |||
Fixed Rate Mortgage Loans [Member] | ||||
Derivative [Line Items] | ||||
Notional amount | 223,000 | 223,000 | ||
Difference in carrying value and fair value, reflecting a gain | 6,900 | $ 3,500 | ||
Loan/Lease Interest Rate Swaps [Member] | ||||
Derivative [Line Items] | ||||
Notional amount | $ 325,600 | $ 336,000 | $ 325,600 | $ 336,000 |
Average maturity | 25 months | 33 months | ||
Average interest receive rate | 3.60% | 2.80% | 3.60% | 2.80% |
Average interest pay rate | 5.60% | 5.60% | 5.60% | 5.60% |
DERIVATIVE INSTRUMENTS AND OF63
DERIVATIVE INSTRUMENTS AND OFFSETTING ASSETS AND LIABILITIES (Offsetting Of Derivative Assets And Liabilities) (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 | Sep. 30, 2016 |
Derivative [Line Items] | |||
Gross Amount Recognized | $ 8,312 | $ 15,876 | $ 20,983 |
Gross Amount Offset | |||
Net Amount Recognized | 8,312 | 15,876 | 20,983 |
Financial Instruments | |||
Financial Collateral Pledged | |||
Net Amount | 8,312 | 15,876 | 20,983 |
Gross Amount Recognized | 425,832 | 463,625 | 484,137 |
Gross Amount Offset | |||
Net Amount Recognized | 425,832 | 463,625 | 484,137 |
Financial Instruments | (421,044) | (454,002) | (468,969) |
Financial Collateral Pledged | (4,374) | (9,175) | (14,041) |
Net Amount | 414 | 448 | 1,127 |
Forward Commitments [Member] | |||
Derivative [Line Items] | |||
Gross Amount Recognized | 3,938 | 6,701 | 6,942 |
Gross Amount Offset | |||
Net Amount Recognized | 3,938 | 6,701 | 6,942 |
Financial Instruments | |||
Financial Collateral Pledged | |||
Net Amount | 3,938 | 6,701 | 6,942 |
Gross Amount Recognized | 414 | 448 | 1,127 |
Gross Amount Offset | |||
Net Amount Recognized | 414 | 448 | 1,127 |
Financial Instruments | |||
Financial Collateral Pledged | |||
Net Amount | 414 | 448 | 1,127 |
Loan/Lease Interest Rate Swaps [Member] | |||
Derivative [Line Items] | |||
Gross Amount Recognized | 4,374 | 9,175 | 14,041 |
Gross Amount Offset | |||
Net Amount Recognized | 4,374 | 9,175 | 14,041 |
Financial Instruments | |||
Financial Collateral Pledged | |||
Net Amount | 4,374 | 9,175 | 14,041 |
Gross Amount Recognized | 4,374 | 9,175 | 14,041 |
Gross Amount Offset | |||
Net Amount Recognized | 4,374 | 9,175 | 14,041 |
Financial Instruments | |||
Financial Collateral Pledged | (4,374) | (9,175) | (14,041) |
Repurchase Arrangements [Member] | |||
Derivative [Line Items] | |||
Gross Amount Recognized | 421,044 | 454,002 | 468,969 |
Gross Amount Offset | |||
Net Amount Recognized | 421,044 | 454,002 | 468,969 |
Financial Instruments | $ (421,044) | (454,002) | $ (468,969) |
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 | Sep. 30, 2017 | Dec. 31, 2016 | Sep. 30, 2016 | Dec. 31, 2015 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Available-for-sale securities | $ 2,359,967 | $ 2,531,676 | $ 2,468,199 | |
Mortgage servicing rights | 66,417 | $ 65,263 | 51,930 | $ 57,268 |
Derivative instruments | 8,239 | 20,741 | ||
Loans held for sale | 138,353 | 204,441 | ||
Total | 2,572,976 | 2,745,311 | ||
Derivative instruments | 4,788 | 15,168 | ||
US Government Agencies [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Available-for-sale securities | 1,687,186 | 1,691,866 | ||
U.S. 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 | 157,891 | 184,095 | ||
U.S. 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 | 153,509 | 178,827 | ||
Obligations Of States And Political Subdivisions [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Available-for-sale securities | 328,314 | 384,995 | ||
FHLB and other securities [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Available-for-sale securities | 33,067 | 28,416 | ||
Recurring [Member] | Level 1 [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Total | 205 | 959 | ||
Recurring [Member] | Level 1 [Member] | FHLB and other securities [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Available-for-sale securities | 205 | 959 | ||
Recurring [Member] | Level 2 [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Loans held for sale | 138,353 | 204,441 | ||
Total | 2,498,115 | 2,671,681 | ||
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 | 1,687,186 | 1,691,866 | ||
Recurring [Member] | Level 2 [Member] | U.S. 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 | 157,891 | 184,095 | ||
Recurring [Member] | Level 2 [Member] | U.S. 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 | 153,509 | 178,827 | ||
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 | 328,314 | 384,995 | ||
Recurring [Member] | Level 2 [Member] | FHLB and other securities [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Available-for-sale securities | 32,862 | 27,457 | ||
Recurring [Member] | Level 3 [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Mortgage servicing rights | 66,417 | 51,930 | ||
Derivative instruments | 8,239 | 20,741 | ||
Total | 74,656 | 72,671 | ||
Derivative instruments | $ 4,788 | $ 15,168 |
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 | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | |
Mortgage Servicing Rights [Member] | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||||
Beginning Balance | $ 65,263 | $ 57,268 | ||
Net loss | (7,877) | (16,022) | ||
Additions | 9,031 | 10,684 | ||
Ending Balance | $ 66,417 | $ 51,930 | 66,417 | 51,930 |
Net unrealized (losses) gains included in net income for the quarter relating to assets and liabilities held | 36 | 1,813 | ||
Derivative Instruments [Member] | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||||
Beginning Balance | 6,138 | 3,257 | ||
Net loss | (2,687) | 2,316 | ||
Ending Balance | 3,451 | 5,573 | $ 3,451 | $ 5,573 |
Net unrealized (losses) gains included in net income for the quarter relating to assets and liabilities held | $ (792) | $ 544 |
FAIR VALUE DISCLOSURES (Asset66
FAIR VALUE DISCLOSURES (Assets And Liabilities Measured At Fair Value On A Nonrecurring Basis) (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 | Sep. 30, 2016 | Dec. 31, 2015 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Impaired loans | $ 19,731 | $ 39,113 | ||
Other real estate owned | 5,956 | $ 7,810 | 11,391 | $ 14,759 |
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 | 19,731 | 39,113 | ||
Other real estate owned | 5,956 | 11,391 | ||
Nonrecurring [Member] | Total Losses [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Impaired loans | (6,805) | (1,520) | ||
Other real estate owned | $ (741) | $ (1,389) |
FAIR VALUE DISCLOSURES (Carryin
FAIR VALUE DISCLOSURES (Carrying And Fair Value Information) (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 | Sep. 30, 2016 |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||
Cash and due from banks | $ 167,871 | $ 184,152 | $ 172,782 |
Interest bearing deposits with other banks | 52,316 | 38,813 | 151,944 |
Available-for-sale securities | 2,359,967 | 2,531,676 | 2,468,199 |
Loans held for sale | 138,353 | 204,441 | |
Noninterest bearing deposits | 3,414,397 | 3,250,537 | 3,308,361 |
Other time deposits | 1,798,431 | 1,841,315 | 1,870,815 |
Derivative liabilities | (4,788) | (15,168) | |
Derivative assets | $ 8,239 | $ 20,741 | |
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 | $ 167,871 | 184,152 | |
Interest bearing deposits with other banks | 52,316 | 38,813 | |
Available-for-sale securities | 2,359,967 | 2,531,676 | |
Net loans and leases. | 10,936,013 | 10,688,255 | |
Loans held for sale | 138,353 | 166,927 | |
Noninterest bearing deposits | 3,414,397 | 3,250,537 | |
Savings and interest bearing deposits | 6,563,160 | 6,596,289 | |
Other time deposits | 1,798,431 | 1,841,315 | |
Federal funds purchased and securities sold under agreement to repurchase and other short-term borrowings | 1,046,044 | 546,002 | |
Long-term debt and other borrowings | 30,000 | 542,888 | |
Carrying Value [Member] | Fixed Rate Mortgage Loans [Member] | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||
Derivative assets | 3,549 | 3,362 | |
Carrying Value [Member] | Interest Rate Swap Position To Receive [Member] | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||
Derivative assets | 4,301 | 9,061 | |
Carrying Value [Member] | Forward Commitments [Member] | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||
Derivative liabilities | 286 | 2,903 | |
Carrying Value [Member] | Interest Rate Swap Position To Pay [Member] | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||
Derivative liabilities | (4,374) | (9,175) | |
Fair Value [Member] | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||
Cash and due from banks | 167,871 | 184,152 | |
Interest bearing deposits with other banks | 52,316 | 38,813 | |
Available-for-sale securities | 2,359,967 | 2,531,676 | |
Net loans and leases. | 10,967,885 | 10,692,820 | |
Loans held for sale | 138,353 | 166,927 | |
Noninterest bearing deposits | 3,414,397 | 3,250,537 | |
Savings and interest bearing deposits | 6,563,160 | 6,596,289 | |
Other time deposits | 1,816,705 | 1,857,506 | |
Federal funds purchased and securities sold under agreement to repurchase and other short-term borrowings | 1,044,525 | 545,002 | |
Long-term debt and other borrowings | 31,413 | 547,273 | |
Fair Value [Member] | Fixed Rate Mortgage Loans [Member] | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||
Derivative assets | 3,549 | 3,362 | |
Fair Value [Member] | Interest Rate Swap Position To Receive [Member] | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||
Derivative assets | 4,301 | 9,061 | |
Fair Value [Member] | Forward Commitments [Member] | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||
Derivative liabilities | 286 | 2,903 | |
Fair Value [Member] | Interest Rate Swap Position To Pay [Member] | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||
Derivative liabilities | $ (4,374) | $ (9,175) | |
Minimum [Member] | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||
Derivative interest rate | 2.59% | ||
Maximum [Member] | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||
Derivative interest rate | 4.74% |
OTHER NONINTEREST REVENUE AND68
OTHER NONINTEREST REVENUE AND EXPENSE (Other Noninterest Revenue) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | |
OTHER NONINTEREST REVENUE AND EXPENSE [Abstract] | ||||
Bank-owned life insurance | $ 2,700 | $ 1,775 | $ 6,079 | $ 5,481 |
Other miscellaneous income | 2,610 | 2,699 | 9,634 | 9,446 |
Total other noninterest income | $ 5,310 | $ 4,474 | $ 15,713 | $ 14,927 |
OTHER NONINTEREST REVENUE AND69
OTHER NONINTEREST REVENUE AND EXPENSE (Other Noninterest Expense) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | |
OTHER NONINTEREST REVENUE AND EXPENSE [Abstract] | ||||
Advertising | $ 1,185 | $ 925 | $ 2,885 | $ 2,601 |
Foreclosed property expense | 447 | 859 | 2,457 | 3,349 |
Telecommunications | 1,192 | 1,288 | 3,572 | 3,842 |
Public relations | 675 | 718 | 2,049 | 1,978 |
Data processing | 6,942 | 6,856 | 20,795 | 19,932 |
Computer software | 3,074 | 2,976 | 8,968 | 8,368 |
Amortization of intangibles | 994 | 923 | 3,034 | 2,672 |
Legal fees | 1,016 | 1,064 | 3,575 | 7,353 |
Merger expense | 2 | |||
Postage and shipping | 1,050 | 1,059 | 3,305 | 3,161 |
Other miscellaneous expense | 12,719 | 13,703 | 37,825 | 41,243 |
Total other noninterest expense | $ 29,294 | $ 30,371 | $ 88,465 | $ 94,501 |
COMMITMENTS AND CONTINGENT LI70
COMMITMENTS AND CONTINGENT LIABILITIES (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2016 | Sep. 30, 2016 | Sep. 30, 2017 | Dec. 31, 2016 | |
Mortgage loans serviced for others [Abstract] | ||||
Servicing Asset at Amortized Cost | $ 6,285,027 | $ 6,285,027 | $ 6,506,550 | $ 6,384,649 |
Lending commitments [Abstract] | ||||
Off-balance sheet, face amount of liability | 79,900 | |||
Litigation-related expense accrued | $ 2,900 | |||
Litigation Settlement, Expense | $ 13,800 | |||
Regulatory Settlement | $ 10,277 |
LONG-TERM DEBT (Details)
LONG-TERM DEBT (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 | Sep. 30, 2016 |
Debt Instrument [Line Items] | |||
Long-term borrowings | $ 30,000 | $ 530,000 | $ 563,495 |
Long-Term Borrowings From FHLB [Member] | |||
Debt Instrument [Line Items] | |||
Long-term borrowings | $ 30,000 | $ 530,000 |