Document_and_Entity_Informatio
Document and Entity Information | 3 Months Ended | |
Mar. 31, 2014 | 1-May-14 | |
Document and Entity Information [Abstract] | ' | ' |
Entity Registrant Name | 'BANCORPSOUTH INC | ' |
Entity Central Index Key | '0000701853 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Filer Category | 'Large Accelerated Filer | ' |
Entity Common Stock, Shares Outstanding | ' | 9,603,307 |
Document Fiscal Year Focus | '2014 | ' |
Document Fiscal Period Focus | 'Q1 | ' |
Document Type | '10-Q | ' |
Amendment Flag | 'false | ' |
Document Period End Date | 31-Mar-14 | ' |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2013 | |
In Thousands, unless otherwise specified | ||||
ASSETS | ' | ' | ' | |
Cash and due from banks | $199,214 | $208,961 | [1] | $147,947 |
Interest bearing deposits with other banks | 390,896 | 319,462 | [1] | 969,506 |
Available-for-sale securities, at fair value | 2,426,758 | 2,466,989 | [1] | 2,607,176 |
Loans and leases | 9,103,850 | 8,993,888 | [1] | 8,614,791 |
Less: Unearned income | 35,474 | 35,873 | [1] | 33,253 |
Allowance for credit losses | 149,704 | 153,236 | [1] | 162,601 |
Net loans and leases | 8,918,672 | 8,804,779 | [1] | 8,418,937 |
Loans held for sale | 62,867 | 69,593 | [1] | 105,523 |
Premises and equipment, net | 314,367 | 315,260 | [1] | 313,980 |
Accrued interest receivable | 42,666 | 42,150 | [1] | 44,696 |
Goodwill | 286,800 | 286,800 | [1] | 275,173 |
Other identifiable intangibles | 25,021 | 26,079 | [1] | 16,586 |
Bank-owned life insurance | 240,077 | 239,434 | [1] | 233,007 |
Other real estate owned | 63,595 | 69,338 | [1] | 96,314 |
Other assets | 172,622 | 180,888 | [1] | 164,290 |
TOTAL ASSETS | 13,143,555 | 13,029,733 | [1] | 13,393,135 |
Deposits: | ' | ' | ' | |
Demand: Noninterest bearing | 2,725,042 | 2,644,592 | [1] | 2,582,859 |
Interest bearing | 4,583,481 | 4,582,450 | [1] | 4,840,330 |
Savings | 1,297,344 | 1,234,130 | [1] | 1,212,736 |
Other time | 2,205,923 | 2,312,664 | [1] | 2,529,001 |
Total deposits | 10,811,790 | 10,773,836 | [1] | 11,164,926 |
Federal funds purchased and securities sold under agreement to repurchase | 456,303 | 421,028 | [1] | 353,742 |
Accrued interest payable | 4,050 | 4,836 | [1] | 5,519 |
Junior subordinated debt securities | 23,198 | 31,446 | [1] | 160,312 |
Long-term debt | 85,835 | 81,714 | [1] | 33,500 |
Other liabilities | 207,703 | 203,743 | [1] | 209,956 |
TOTAL LIABILITIES | 11,588,879 | 11,516,603 | [1] | 11,927,955 |
SHAREHOLDERS' EQUITY | ' | ' | ' | |
Common stock, $2.50 par value per share Authorized - 500,000,000 shares; Issued - 96,004,679, 95,231,691 and 95,174,441 shares, respectively | 240,012 | 238,079 | [1] | 237,936 |
Capital surplus | 320,969 | 312,900 | [1] | 311,091 |
Accumulated other comprehensive (loss) income | -22,060 | -29,959 | [1] | -13,120 |
Retained earnings | 1,015,755 | 992,110 | [1] | 929,273 |
TOTAL SHAREHOLDERS' EQUITY | 1,554,676 | 1,513,130 | [1] | 1,465,180 |
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | $13,143,555 | $13,029,733 | [1] | $13,393,135 |
[1] | Derived from audited financial statements.See accompanying notes to consolidated financial statements. |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parenthetical) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2013 |
SHAREHOLDERS' EQUITY | ' | ' | ' |
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) | 96,004,679 | 95,231,691 | 95,174,441 |
Consolidated_Statements_of_Ope
Consolidated Statements of Operations (USD $) | 3 Months Ended | |
In Thousands, except Per Share data, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
INTEREST REVENUE: | ' | ' |
Loans and leases | $98,744 | $99,092 |
Deposits with other banks | 276 | 602 |
Available-for-sale securities: | ' | ' |
Taxable | 7,547 | 8,700 |
Tax-exempt | 3,715 | 3,960 |
Loans held for sale | 317 | 673 |
Total interest revenue | 110,599 | 113,027 |
Deposits: | ' | ' |
Interest bearing demand | 1,920 | 3,125 |
Savings | 391 | 513 |
Other time | 5,890 | 8,041 |
Federal funds purchased and securities sold under agreement to repurchase | 78 | 63 |
Long-term debt | 629 | 348 |
Junior subordinated debt | 168 | 2,857 |
Other | ' | 2 |
Total interest expense | 9,076 | 14,949 |
Net interest revenue | 101,523 | 98,078 |
Provision for credit losses | ' | 4,000 |
Net interest revenue, after provision for credit losses | 101,523 | 94,078 |
NONINTEREST REVENUE: | ' | ' |
Mortgage lending | 3,394 | 12,346 |
Credit card, debit card and merchant fees | 7,843 | 7,523 |
Deposit service charges | 12,536 | 12,832 |
Trust income | 3,568 | 3,210 |
Security (losses) gains, net | -4 | 19 |
Insurance commissions | 31,599 | 26,641 |
Other | 7,581 | 8,747 |
Total noninterest revenue | 66,517 | 71,318 |
NONINTEREST EXPENSE: | ' | ' |
Salaries and employee benefits | 78,883 | 79,414 |
Occupancy, net of rental income | 10,287 | 10,237 |
Equipment | 4,499 | 4,948 |
Deposit insurance assessments | 1,600 | 2,804 |
Write-off and amortization of bond issue cost | 12 | 38 |
Other | 31,426 | 37,930 |
Total noninterest expense | 126,707 | 135,371 |
Income before income taxes | 41,333 | 30,025 |
Income tax expense | 12,889 | 9,220 |
Net income | $28,444 | $20,805 |
Earnings per share: | ' | ' |
Basic (in dollars per share) | $0.30 | $0.22 |
Diluted (in dollars per share) | $0.30 | $0.22 |
Dividends declared per common share (in dollars per share) | $0.05 | $0.01 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Consolidated Statements of Comprehensive Income [Abstract] | ' | ' |
Net income | $28,444 | $20,805 |
Other comprehensive (loss) income, net of tax | ' | ' |
Unrealized (losses) gains on securities | 7,443 | -5,300 |
Pension and other postretirement benefits | 456 | 826 |
Other comprehensive (loss) income, net of tax | 7,899 | -4,474 |
Comprehensive income | $36,343 | $16,331 |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 3 Months Ended | 12 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 | Dec. 31, 2013 |
Operating Activities: | ' | ' | ' |
Net income | $28,444 | $20,805 | ' |
Adjustment to reconcile net income to net cash provided by operating activities: | ' | ' | ' |
Provision for credit losses | ' | 4,000 | 7,500 |
Depreciation and amortization | 6,573 | 6,713 | ' |
Deferred taxes | -1,939 | -3,002 | ' |
Amortization of intangibles | 1,058 | 743 | ' |
Amortization of debt securities premium and discount, net | 3,399 | 3,771 | ' |
Share-based compensation expense | 487 | 530 | ' |
Security losses (gains), net | 4 | -19 | ' |
Net deferred loan origination expense | -1,610 | -1,831 | ' |
Excess tax benefit from exercise of stock options | 1,154 | 12 | ' |
Increase in interest receivable | -516 | -340 | ' |
Decrease in interest payable | -786 | -621 | ' |
Realized gain on mortgages sold | -6,444 | -16,354 | ' |
Proceeds from mortgages sold | 157,303 | 469,489 | ' |
Origination of mortgages held for sale | -146,494 | -425,882 | ' |
Loss on other real estate owned, net | 2,297 | 1,145 | ' |
Increase in bank-owned life insurance | -1,848 | -1,887 | ' |
Decrease in prepaid pension asset | 1,415 | 1,441 | ' |
Other, net | 11,356 | -18,781 | ' |
Net cash provided by operating activities | 53,853 | 39,932 | ' |
Investing activities: | ' | ' | ' |
Proceeds from calls and maturities of available-for-sale securities | 145,202 | 144,157 | ' |
Purchases of available-for-sale securities | -95,552 | -337,126 | ' |
Net (increase) decrease in loans and leases | -117,138 | 45,313 | ' |
Purchases of premises and equipment | -5,698 | -4,406 | ' |
Proceeds from sale of premises and equipment | 110 | 2,965 | ' |
Purchase of bank-owned life insurance, net of proceeds from death benefits | 1,206 | ' | ' |
Proceeds from sale of other real estate owned, net | 8,157 | 7,853 | ' |
Other, net | -6 | ' | ' |
Net cash provided by investing activities | -63,719 | -141,244 | ' |
Financing activities: | ' | ' | ' |
Net increase in deposits | 37,954 | 76,780 | ' |
Net increase (decrease) in short-term debt and other liabilities | 35,271 | -60,872 | ' |
Advances of long-term debt | 8,000 | ' | ' |
Repayment of advances of long-term debt | -3,879 | ' | ' |
Redemption of Junior Subordinated Debt | -8,248 | ' | ' |
Issuance of common stock | 8,944 | 201 | ' |
Repurchase of common stock | -584 | ' | ' |
Excess tax benefit from exercise of stock options | -1,154 | -12 | ' |
Payment of cash dividends | -4,751 | -946 | ' |
Net cash (used in) provided by financing activities | 71,553 | 15,151 | ' |
Increase (decrease) in cash and cash equivalents | 61,687 | -86,161 | ' |
Cash and cash equivalents at beginning of period | 528,423 | 1,203,614 | 1,203,614 |
Cash and cash equivalents at end of period | $590,110 | $1,117,453 | $528,423 |
BASIS_OF_FINANCIAL_STATEMENT_P
BASIS OF FINANCIAL STATEMENT PRESENTATION AND PRINCIPLES OF CONSOLIDATION | 3 Months Ended |
Mar. 31, 2014 | |
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, 2013. 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 period ended March 31, 2014 are not necessarily indicative of the results to be expected for the full year. Certain 2013 amounts have been reclassified to conform with the 2014 presentation. | |
The consolidated financial statements include the accounts of the Company, its wholly-owned subsidiaries, BancorpSouth Bank (the “Bank”) and Gumtree Wholesale Insurance Brokers, Inc., and the Bank’s wholly-owned subsidiaries, BancorpSouth Insurance Services, Inc., BancorpSouth Investment Services, Inc., BancorpSouth Municipal Development Corporation and BancorpSouth Bank Securities Corporation. | |
LOANS_AND_LEASES
LOANS AND LEASES | 3 Months Ended | ||||||||||||||||||||
Mar. 31, 2014 | |||||||||||||||||||||
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 loans and leases. The real estate segment is further disaggregated into the following classes: consumer mortgage; home equity; agricultural; commercial and industrial-owner occupied; construction, acquisition and development; and commercial real estate. A summary of gross loans and leases by segment and class as of the dates indicated follows: | |||||||||||||||||||||
March 31, | December 31, | ||||||||||||||||||||
2014 | 2013 | 2013 | |||||||||||||||||||
(In thousands) | |||||||||||||||||||||
Commercial and industrial | $ 1,589,234 | $ 1,488,374 | $ 1,538,302 | ||||||||||||||||||
Real estate | |||||||||||||||||||||
Consumer mortgages | 2,047,001 | 1,871,312 | 1,976,073 | ||||||||||||||||||
Home equity | 498,283 | 482,398 | 494,339 | ||||||||||||||||||
Agricultural | 229,602 | 249,467 | 234,576 | ||||||||||||||||||
Commercial and industrial-owner occupied | 1,488,380 | 1,334,974 | 1,473,320 | ||||||||||||||||||
Construction, acquisition and development | 748,027 | 728,092 | 741,458 | ||||||||||||||||||
Commercial real estate | 1,847,983 | 1,739,533 | 1,846,039 | ||||||||||||||||||
Credit cards | 105,988 | 98,803 | 111,328 | ||||||||||||||||||
All other | 549,352 | 621,838 | 578,453 | ||||||||||||||||||
Total | $ 9,103,850 | $ 8,614,791 | $ 8,993,888 | ||||||||||||||||||
The following table shows the Company’s loans and leases, net of unearned income, as of March 31, 2014 by segment, class and geographical location: | |||||||||||||||||||||
Alabama | Greater | Corporate | |||||||||||||||||||
and Florida | Memphis | Texas and | Banking | ||||||||||||||||||
Panhandle | Arkansas* | Mississippi* | Missouri | Area | Tennessee* | Louisiana | and Other | Total | |||||||||||||
(In thousands) | |||||||||||||||||||||
Commercial and industrial | $ 80,620 | $ 188,455 | $ 282,829 | $ 34,165 | $ 23,138 | $ 80,065 | $ 279,379 | $ 612,600 | $ 1,581,251 | ||||||||||||
Real estate | |||||||||||||||||||||
Consumer mortgages | 149,108 | 264,744 | 689,847 | 64,206 | 105,566 | 162,701 | 501,316 | 109,513 | 2,047,001 | ||||||||||||
Home equity | 64,648 | 40,076 | 163,896 | 21,039 | 67,421 | 72,663 | 66,554 | 1,986 | 498,283 | ||||||||||||
Agricultural | 7,797 | 68,685 | 57,168 | 3,471 | 14,492 | 11,611 | 61,959 | 4,419 | 229,602 | ||||||||||||
Commercial and industrial-owner occupied | 173,560 | 167,136 | 479,186 | 65,786 | 92,641 | 89,244 | 293,217 | 127,610 | 1,488,380 | ||||||||||||
Construction, acquisition and development | 100,165 | 66,985 | 193,818 | 22,190 | 77,559 | 103,894 | 149,859 | 33,557 | 748,027 | ||||||||||||
Commercial real estate | 262,639 | 304,695 | 280,466 | 198,179 | 98,039 | 107,520 | 425,729 | 170,716 | 1,847,983 | ||||||||||||
Credit cards | - | - | - | - | - | - | - | 105,988 | 105,988 | ||||||||||||
All other | 30,706 | 54,338 | 136,963 | 2,368 | 38,539 | 37,585 | 78,648 | 142,714 | 521,861 | ||||||||||||
Total | $ 869,243 | $ 1,155,114 | $ 2,284,173 | $ 411,404 | $ 517,395 | $ 665,283 | $ 1,856,661 | $ 1,309,103 | $ 9,068,376 | ||||||||||||
* Excludes the Greater Memphis Area. | |||||||||||||||||||||
The Company’s loan concentrations which exceed 10% of total loans are reflected in the preceding tables. A substantial portion of construction, acquisition and development loans are secured by real estate in markets in which the Company is located. The Company’s loan policy generally prohibits the use of interest reserves on loans originated after March 2010. Certain of the construction, acquisition and development loans were structured with interest-only terms. A portion of the consumer mortgage and commercial real estate portfolios originated through the permanent financing of construction, acquisition and development loans. The prolonged economic downturn has negatively impacted many borrowers’ and guarantors’ ability to make payments under the terms of the loans as their liquidity has been depleted. Accordingly, the ultimate collectability of a substantial portion of these loans and the recovery of a substantial portion of the carrying amount of other real estate owned (“OREO”) are susceptible to changes in real estate values in the corresponding market areas. Continued economic distress could negatively impact additional 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 March 31, 2014 and December 31, 2013: | |||||||||||||||||||||
31-Mar-14 | |||||||||||||||||||||
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 | $ 2,233 | $ 479 | $ 894 | $ 3,606 | $ 1,577,645 | $ 1,581,251 | $ 287 | ||||||||||||||
Real estate | |||||||||||||||||||||
Consumer mortgages | 10,727 | 3,575 | 12,308 | 26,610 | 2,020,391 | 2,047,001 | 1,307 | ||||||||||||||
Home equity | 1,514 | 607 | 614 | 2,735 | 495,548 | 498,283 | 12 | ||||||||||||||
Agricultural | 280 | 301 | 269 | 850 | 228,752 | 229,602 | - | ||||||||||||||
Commercial and industrial-owner occupied | 3,298 | 893 | 3,070 | 7,261 | 1,481,119 | 1,488,380 | - | ||||||||||||||
Construction, acquisition and development | 2,062 | 944 | 2,146 | 5,152 | 742,875 | 748,027 | - | ||||||||||||||
Commercial real estate | 5,021 | 1,075 | 2,669 | 8,765 | 1,839,218 | 1,847,983 | - | ||||||||||||||
Credit cards | 412 | 222 | 325 | 959 | 105,029 | 105,988 | 297 | ||||||||||||||
All other | 931 | 152 | 175 | 1,258 | 520,603 | 521,861 | 46 | ||||||||||||||
Total | $ 26,478 | $ 8,248 | $ 22,470 | $ 57,196 | $ 9,011,180 | $ 9,068,376 | $ 1,949 | ||||||||||||||
31-Dec-13 | |||||||||||||||||||||
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 | $ 3,122 | $ 310 | $ 601 | $ 4,033 | $ 1,525,216 | $ 1,529,249 | $ 27 | ||||||||||||||
Real estate | |||||||||||||||||||||
Consumer mortgages | 12,244 | 4,703 | 12,579 | 29,526 | 1,946,547 | 1,976,073 | 888 | ||||||||||||||
Home equity | 1,860 | 869 | 740 | 3,469 | 490,870 | 494,339 | - | ||||||||||||||
Agricultural | 319 | 206 | 883 | 1,408 | 233,168 | 234,576 | - | ||||||||||||||
Commercial and industrial-owner occupied | 4,256 | 1,230 | 4,585 | 10,071 | 1,463,249 | 1,473,320 | - | ||||||||||||||
Construction, acquisition and development | 2,557 | 2,658 | 7,005 | 12,220 | 729,238 | 741,458 | - | ||||||||||||||
Commercial real estate | 5,597 | 321 | 2,539 | 8,457 | 1,837,582 | 1,846,039 | 311 | ||||||||||||||
Credit cards | 455 | 235 | 350 | 1,040 | 110,288 | 111,328 | - | ||||||||||||||
All other | 1,985 | 296 | 264 | 2,545 | 549,088 | 551,633 | - | ||||||||||||||
Total | $ 32,395 | $ 10,828 | $ 29,546 | $ 72,769 | $ 8,885,246 | $ 8,958,015 | $ 1,226 | ||||||||||||||
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. | |||||||||||||||||||||
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 March 31, 2014 and December 31, 2013: | |||||||||||||||||||||
31-Mar-14 | |||||||||||||||||||||
Special | |||||||||||||||||||||
Pass | Mention | Substandard | Doubtful | Loss | Impaired (1) | Total | |||||||||||||||
(In thousands) | |||||||||||||||||||||
Commercial and industrial | $ 1,535,172 | $ 13,043 | $ 31,741 | $ - | $ - | $ 1,295 | $ 1,581,251 | ||||||||||||||
Real estate | |||||||||||||||||||||
Consumer mortgages | 1,936,837 | 243 | 104,486 | 310 | - | 5,125 | 2,047,001 | ||||||||||||||
Home equity | 483,746 | 343 | 13,456 | 96 | - | 642 | 498,283 | ||||||||||||||
Agricultural | 210,346 | 563 | 18,257 | - | - | 436 | 229,602 | ||||||||||||||
Commercial and industrial-owner occupied | 1,420,813 | 3,887 | 56,124 | 510 | - | 7,046 | 1,488,380 | ||||||||||||||
Construction, acquisition and development | 697,094 | 1,556 | 40,713 | 768 | - | 7,896 | 748,027 | ||||||||||||||
Commercial real estate | 1,757,573 | - | 71,374 | 198 | - | 18,838 | 1,847,983 | ||||||||||||||
Credit cards | 105,988 | - | - | - | - | - | 105,988 | ||||||||||||||
All other | 509,729 | 68 | 11,876 | - | - | 188 | 521,861 | ||||||||||||||
Total | $ 8,657,298 | $ 19,703 | $ 348,027 | $ 1,882 | $ - | $ 41,466 | $ 9,068,376 | ||||||||||||||
31-Dec-13 | |||||||||||||||||||||
Special | |||||||||||||||||||||
Pass | Mention | Substandard | Doubtful | Loss | Impaired (1) | Total | |||||||||||||||
(In thousands) | |||||||||||||||||||||
Commercial and industrial | $ 1,495,972 | $ 978 | $ 30,886 | $ 99 | $ - | $ 1,314 | $ 1,529,249 | ||||||||||||||
Real estate | |||||||||||||||||||||
Consumer mortgages | 1,859,094 | 1,531 | 108,615 | 427 | - | 6,406 | 1,976,073 | ||||||||||||||
Home equity | 478,283 | 250 | 14,570 | 96 | - | 1,140 | 494,339 | ||||||||||||||
Agricultural | 214,728 | 779 | 18,187 | - | - | 882 | 234,576 | ||||||||||||||
Commercial and industrial-owner occupied | 1,409,757 | 116 | 50,853 | 849 | - | 11,745 | 1,473,320 | ||||||||||||||
Construction, acquisition and development | 674,299 | 1,459 | 49,401 | 587 | - | 15,712 | 741,458 | ||||||||||||||
Commercial real estate | 1,751,553 | 386 | 76,199 | 420 | - | 17,481 | 1,846,039 | ||||||||||||||
Credit cards | 111,328 | - | - | - | - | - | 111,328 | ||||||||||||||
All other | 538,467 | 71 | 12,832 | - | - | 263 | 551,633 | ||||||||||||||
Total | $ 8,533,481 | $ 5,570 | $ 361,543 | $ 2,478 | $ - | $ 54,943 | $ 8,958,015 | ||||||||||||||
(1) Impaired loans are shown exclusive of accruing troubled debt restructurings ("TDRs"). | |||||||||||||||||||||
The following tables provide details regarding impaired loans and leases, net of unearned income, by segment and class as of and for the three months ended March 31, 2014 and as of and for the year ended December 31, 2013: | |||||||||||||||||||||
31-Mar-14 | |||||||||||||||||||||
Unpaid | |||||||||||||||||||||
Recorded | Principal | Related | |||||||||||||||||||
Investment | Balance of | Allowance | Average | Interest | |||||||||||||||||
in Impaired | Impaired | for Credit | Recorded | Income | |||||||||||||||||
Loans | Loans | Losses | Investment | Recognized | |||||||||||||||||
(In thousands) | |||||||||||||||||||||
With no related allowance: | |||||||||||||||||||||
Commercial and industrial | $ 1,295 | $ 1,295 | $ - | $ 1,301 | $ 11 | ||||||||||||||||
Real estate: | |||||||||||||||||||||
Consumer mortgage | 4,527 | 5,057 | - | 5,239 | 22 | ||||||||||||||||
Home equity | 219 | 219 | - | 220 | 2 | ||||||||||||||||
Agricultural | 436 | 743 | - | 566 | 1 | ||||||||||||||||
Commercial and industrial-owner occupied | 6,582 | 8,441 | - | 7,227 | 14 | ||||||||||||||||
Construction, acquisition and development | 7,896 | 10,040 | - | 8,878 | 20 | ||||||||||||||||
Commercial real estate | 15,034 | 24,240 | - | 14,501 | 34 | ||||||||||||||||
All other | 188 | 332 | - | 214 | 2 | ||||||||||||||||
Total | $ 36,177 | $ 50,367 | $ - | $ 38,146 | $ 106 | ||||||||||||||||
With an allowance: | |||||||||||||||||||||
Commercial and industrial | $ - | $ - | $ - | $ - | $ - | ||||||||||||||||
Real estate: | |||||||||||||||||||||
Consumer mortgage | 598 | 598 | 231 | 1,152 | 5 | ||||||||||||||||
Home equity | 423 | 423 | 25 | - | - | ||||||||||||||||
Agricultural | - | - | - | 162 | - | ||||||||||||||||
Commercial and industrial-owner occupied | 464 | 464 | 214 | 1,202 | 2 | ||||||||||||||||
Construction, acquisition and development | - | - | - | 1,370 | - | ||||||||||||||||
Commercial real estate | 3,804 | 3,804 | 1,118 | 4,830 | 20 | ||||||||||||||||
All other | - | - | - | 21 | - | ||||||||||||||||
Total | $ 5,289 | $ 5,289 | $ 1,588 | $ 8,737 | $ 27 | ||||||||||||||||
Total: | |||||||||||||||||||||
Commercial and industrial | $ 1,295 | $ 1,295 | $ - | $ 1,301 | $ 11 | ||||||||||||||||
Real estate: | |||||||||||||||||||||
Consumer mortgage | 5,125 | 5,655 | 231 | 6,391 | 27 | ||||||||||||||||
Home equity | 642 | 642 | 25 | 220 | 2 | ||||||||||||||||
Agricultural | 436 | 743 | - | 728 | 1 | ||||||||||||||||
Commercial and industrial-owner occupied | 7,046 | 8,905 | 214 | 8,429 | 16 | ||||||||||||||||
Construction, acquisition and development | 7,896 | 10,040 | - | 10,248 | 20 | ||||||||||||||||
Commercial real estate | 18,838 | 28,044 | 1,118 | 19,331 | 54 | ||||||||||||||||
All other | 188 | 332 | - | 235 | 2 | ||||||||||||||||
Total | $ 41,466 | $ 55,656 | $ 1,588 | $ 46,883 | $ 133 | ||||||||||||||||
31-Dec-13 | |||||||||||||||||||||
Unpaid | |||||||||||||||||||||
Recorded | Principal | Related | |||||||||||||||||||
Investment | Balance of | Allowance | Average | Interest | |||||||||||||||||
in Impaired | Impaired | for Credit | Recorded | Income | |||||||||||||||||
Loans | Loans | Losses | Investment | Recognized | |||||||||||||||||
(In thousands) | |||||||||||||||||||||
With no related allowance: | |||||||||||||||||||||
Commercial and industrial | $ 1,314 | $ 1,314 | $ - | $ 2,578 | $ 16 | ||||||||||||||||
Real estate: | |||||||||||||||||||||
Consumer mortgages | 5,744 | 6,591 | - | 8,943 | 54 | ||||||||||||||||
Home equity | 712 | 712 | - | 933 | 5 | ||||||||||||||||
Agricultural | 882 | 1,472 | - | 3,286 | 4 | ||||||||||||||||
Commercial and industrial-owner occupied | 9,938 | 12,681 | - | 8,150 | 76 | ||||||||||||||||
Construction, acquisition and development | 11,549 | 13,497 | - | 25,877 | 103 | ||||||||||||||||
Commercial real estate | 13,562 | 23,233 | - | 24,185 | 173 | ||||||||||||||||
All other | 263 | 405 | - | 655 | 6 | ||||||||||||||||
Total | $ 43,964 | $ 59,905 | $ - | $ 74,607 | $ 437 | ||||||||||||||||
With an allowance: | |||||||||||||||||||||
Commercial and industrial | $ - | $ - | $ 305 | $ 590 | $ - | ||||||||||||||||
Real estate: | |||||||||||||||||||||
Consumer mortgages | 662 | 662 | 309 | 3,417 | 31 | ||||||||||||||||
Home equity | 428 | 428 | 37 | 444 | 3 | ||||||||||||||||
Agricultural | - | - | 15 | 402 | 2 | ||||||||||||||||
Commercial and industrial-owner occupied | 1,807 | 1,807 | 739 | 4,735 | 54 | ||||||||||||||||
Construction, acquisition and development | 4,163 | 5,393 | 1,599 | 7,989 | 67 | ||||||||||||||||
Commercial real estate | 3,919 | 3,919 | 1,138 | 11,280 | 51 | ||||||||||||||||
All other | - | - | 4 | - | - | ||||||||||||||||
Total | $ 10,979 | $ 12,209 | $ 4,146 | $ 28,857 | $ 208 | ||||||||||||||||
Total: | |||||||||||||||||||||
Commercial and industrial | $ 1,314 | $ 1,314 | $ 305 | $ 3,168 | $ 16 | ||||||||||||||||
Real estate: | |||||||||||||||||||||
Consumer mortgages | 6,406 | 7,253 | 309 | 12,360 | 85 | ||||||||||||||||
Home equity | 1,140 | 1,140 | 37 | 1,377 | 8 | ||||||||||||||||
Agricultural | 882 | 1,472 | 15 | 3,688 | 6 | ||||||||||||||||
Commercial and industrial-owner occupied | 11,745 | 14,488 | 739 | 12,885 | 130 | ||||||||||||||||
Construction, acquisition and development | 15,712 | 18,890 | 1,599 | 33,866 | 170 | ||||||||||||||||
Commercial real estate | 17,481 | 27,152 | 1,138 | 35,465 | 224 | ||||||||||||||||
All other | 263 | 405 | 4 | 655 | 6 | ||||||||||||||||
Total | $ 54,943 | $ 72,114 | $ 4,146 | $ 103,464 | $ 645 | ||||||||||||||||
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 ended March 31, 2014 and as of and for the year ended December 31, 2013: | |||||||||||||||||||||
31-Mar-14 | |||||||||||||||||||||
Unpaid | |||||||||||||||||||||
Recorded | Principal | Related | |||||||||||||||||||
Investment | Balance of | Allowance | Average | Interest | |||||||||||||||||
in Impaired | Impaired | for Credit | Recorded | Income | |||||||||||||||||
Loans | Loans | Losses | Investment | Recognized | |||||||||||||||||
(In thousands) | |||||||||||||||||||||
With no related allowance: | |||||||||||||||||||||
Commercial and industrial | $ 1,295 | $ 1,295 | $ - | $ 1,301 | $ 11 | ||||||||||||||||
Real estate: | |||||||||||||||||||||
Consumer mortgage | 4,527 | 5,057 | - | 5,239 | 22 | ||||||||||||||||
Home equity | 219 | 219 | - | 220 | 2 | ||||||||||||||||
Agricultural | 436 | 743 | - | 566 | 1 | ||||||||||||||||
Commercial and industrial-owner occupied | 6,582 | 8,441 | - | 7,227 | 14 | ||||||||||||||||
Construction, acquisition and development | 7,896 | 10,040 | - | 8,878 | 20 | ||||||||||||||||
Commercial real estate | 15,034 | 24,240 | - | 14,501 | 34 | ||||||||||||||||
All other | 188 | 332 | - | 214 | 2 | ||||||||||||||||
Total | $ 36,177 | $ 50,367 | $ - | $ 38,146 | $ 106 | ||||||||||||||||
With an allowance: | |||||||||||||||||||||
Commercial and industrial | $ 1,528 | $ 1,529 | $ 31 | $ 1,411 | $ 16 | ||||||||||||||||
Real estate: | |||||||||||||||||||||
Consumer mortgage | 4,426 | 4,724 | 803 | 3,919 | 28 | ||||||||||||||||
Home equity | 453 | 453 | 25 | 19 | - | ||||||||||||||||
Agricultural | 625 | 638 | 36 | 787 | 6 | ||||||||||||||||
Commercial and industrial-owner occupied | 7,620 | 7,622 | 613 | 7,844 | 70 | ||||||||||||||||
Construction, acquisition and development | 1,887 | 2,386 | 294 | 3,309 | 20 | ||||||||||||||||
Commercial real estate | 6,139 | 6,353 | 1,582 | 7,881 | 56 | ||||||||||||||||
Credit card | 1,411 | 1,411 | 33 | 1,525 | 153 | ||||||||||||||||
All other | 93 | 103 | 11 | 101 | 2 | ||||||||||||||||
Total | $ 24,182 | $ 25,219 | $ 3,428 | $ 26,796 | $ 351 | ||||||||||||||||
Total: | |||||||||||||||||||||
Commercial and industrial | $ 2,823 | $ 2,824 | $ 31 | $ 2,712 | $ 27 | ||||||||||||||||
Real estate: | |||||||||||||||||||||
Consumer mortgage | 8,953 | 9,781 | 803 | 9,158 | 50 | ||||||||||||||||
Home equity | 672 | 672 | 25 | 239 | 2 | ||||||||||||||||
Agricultural | 1,061 | 1,381 | 36 | 1,353 | 7 | ||||||||||||||||
Commercial and industrial-owner occupied | 14,202 | 16,063 | 613 | 15,071 | 84 | ||||||||||||||||
Construction, acquisition and development | 9,783 | 12,426 | 294 | 12,187 | 40 | ||||||||||||||||
Commercial real estate | 21,173 | 30,593 | 1,582 | 22,382 | 90 | ||||||||||||||||
Credit card | 1,411 | 1,411 | 33 | 1,525 | 153 | ||||||||||||||||
All other | 281 | 435 | 11 | 315 | 4 | ||||||||||||||||
Total | $ 60,359 | $ 75,586 | $ 3,428 | $ 64,942 | $ 457 | ||||||||||||||||
31-Dec-13 | |||||||||||||||||||||
Unpaid | |||||||||||||||||||||
Recorded | Principal | Related | |||||||||||||||||||
Investment | Balance of | Allowance | Average | Interest | |||||||||||||||||
in Impaired | Impaired | for Credit | Recorded | Income | |||||||||||||||||
Loans | Loans | Losses | Investment | Recognized | |||||||||||||||||
(In thousands) | |||||||||||||||||||||
With no related allowance: | |||||||||||||||||||||
Commercial and industrial | $ 1,314 | $ 1,314 | $ - | $ 2,579 | $ 16 | ||||||||||||||||
Real estate: | |||||||||||||||||||||
Consumer mortgages | 5,744 | 6,591 | - | 8,943 | 54 | ||||||||||||||||
Home equity | 712 | 712 | - | 933 | 5 | ||||||||||||||||
Agricultural | 882 | 1,472 | - | 3,286 | 4 | ||||||||||||||||
Commercial and industrial-owner occupied | 9,938 | 12,681 | - | 8,150 | 76 | ||||||||||||||||
Construction, acquisition and development | 11,549 | 13,497 | - | 25,877 | 103 | ||||||||||||||||
Commercial real estate | 13,562 | 23,233 | - | 24,185 | 173 | ||||||||||||||||
All other | 263 | 405 | - | 655 | 6 | ||||||||||||||||
Total | $ 43,964 | $ 59,905 | $ - | $ 74,608 | $ 437 | ||||||||||||||||
With an allowance: | |||||||||||||||||||||
Commercial and industrial | $ 937 | $ 937 | $ 415 | $ 975 | $ 14 | ||||||||||||||||
Real estate: | |||||||||||||||||||||
Consumer mortgages | 4,151 | 4,378 | 771 | 6,921 | 164 | ||||||||||||||||
Home equity | 438 | 438 | - | 444 | 2 | ||||||||||||||||
Agricultural | 625 | 639 | 43 | 871 | 21 | ||||||||||||||||
Commercial and industrial-owner occupied | 9,590 | 9,997 | 1,371 | 11,895 | 350 | ||||||||||||||||
Construction, acquisition and development | 10,897 | 13,933 | 1,554 | 15,181 | 320 | ||||||||||||||||
Commercial real estate | 12,619 | 12,887 | 1,604 | 15,140 | 224 | ||||||||||||||||
Credit cards | 1,639 | 1,639 | 51 | 2,018 | 202 | ||||||||||||||||
All other | 1,307 | 1,310 | 198 | 646 | 24 | ||||||||||||||||
Total | $ 42,203 | $ 46,158 | $ 6,007 | $ 54,091 | $ 1,321 | ||||||||||||||||
Total: | |||||||||||||||||||||
Commercial and industrial | $ 2,251 | $ 2,251 | $ 415 | $ 3,554 | $ 30 | ||||||||||||||||
Real estate: | |||||||||||||||||||||
Consumer mortgages | 9,895 | $ 10,969 | $ 771 | $ 15,864 | $ 218 | ||||||||||||||||
Home equity | 1,150 | $ 1,150 | $ - | $ 1,377 | $ 7 | ||||||||||||||||
Agricultural | 1,507 | $ 2,111 | $ 43 | $ 4,157 | $ 25 | ||||||||||||||||
Commercial and industrial-owner occupied | 19,528 | $ 22,678 | $ 1,371 | $ 20,045 | $ 426 | ||||||||||||||||
Construction, acquisition and development | 22,446 | $ 27,430 | $ 1,554 | $ 41,058 | $ 423 | ||||||||||||||||
Commercial real estate | 26,181 | $ 36,120 | $ 1,604 | $ 39,325 | $ 397 | ||||||||||||||||
Credit cards | 1,639 | 1,639 | 51 | 2,018 | 202 | ||||||||||||||||
All other | 1,570 | 1,715 | 198 | 1,301 | 30 | ||||||||||||||||
Total | $ 86,167 | $ 106,063 | $ 6,007 | $ 128,699 | $ 1,758 | ||||||||||||||||
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. The Company’s recorded investment in loans considered impaired exclusive of accruing TDRs at March 31, 2014 and December 31, 2013 was $41.5 million and $54.9 million, respectively. At March 31, 2014 and December 31, 2013, $5.3 million and $11.0 million, respectively, of those impaired loans had a valuation allowance of $1.6 million and $4.1 million, respectively. The remaining balance of impaired loans of $36.2 million and $44.0 million at March 31, 2014 and December 31, 2013, respectively, were charged down to fair value, less estimated selling costs which approximated net realizable value. Therefore, such loans did not have an associated valuation allowance. Impaired loans that were characterized as TDRs totaled $14.0 million and $19.1 million at March 31, 2014 and December 31, 2013, respectively. The average recorded investment in impaired loans was $46.9 million for the three months ended March 31, 2014, respectively, and $103.5 million for the year ended December 31, 2013. | |||||||||||||||||||||
Non-performing loans and leases (“NPLs”) consist of non-accrual loans and leases, loans and leases 90 days or more past due and still accruing, and loans and leases that have been restructured (primarily in the form of reduced interest rates and modified payment terms) because of the borrower’s weakened financial condition or bankruptcy proceedings. The following table presents information concerning NPLs as of the dates indicated: | |||||||||||||||||||||
March 31, | December 31, | ||||||||||||||||||||
2014 | 2013 | 2013 | |||||||||||||||||||
(In thousands) | |||||||||||||||||||||
Non-accrual loans and leases | $ 77,531 | $ 188,190 | $ 92,173 | ||||||||||||||||||
Loans and leases 90 days or more past due, still accruing | 1,949 | 1,125 | 1,226 | ||||||||||||||||||
Restructured loans and leases still accruing | 13,776 | 17,702 | 27,007 | ||||||||||||||||||
Total non-performing loans and leases | $ 93,256 | $ 207,017 | $ 120,406 | ||||||||||||||||||
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 March 31, 2014, the Company’s geographic NPL distribution was concentrated primarily in its Alabama, Mississippi and Tennessee markets, including the greater Memphis, Tennessee area, a portion of which is in northwest Mississippi and Arkansas. The following table presents the Company’s nonaccrual loans and leases by segment and class as of the dates indicated: | |||||||||||||||||||||
March 31, | December 31, | ||||||||||||||||||||
2014 | 2013 | 2013 | |||||||||||||||||||
(In thousands) | |||||||||||||||||||||
Commercial and industrial | $ 3,023 | $ 7,009 | $ 3,079 | ||||||||||||||||||
Real estate | |||||||||||||||||||||
Consumer mortgages | 24,353 | 39,012 | 25,645 | ||||||||||||||||||
Home equity | 2,740 | 4,272 | 3,695 | ||||||||||||||||||
Agricultural | 651 | 6,667 | 1,260 | ||||||||||||||||||
Commercial and industrial-owner occupied | 14,122 | 20,719 | 18,568 | ||||||||||||||||||
Construction, acquisition and development | 9,968 | 51,728 | 17,567 | ||||||||||||||||||
Commercial real estate | 21,496 | 55,318 | 20,972 | ||||||||||||||||||
Credit cards | 168 | 418 | 119 | ||||||||||||||||||
All other | 1,010 | 3,047 | 1,268 | ||||||||||||||||||
Total | $ 77,531 | $ 188,190 | $ 92,173 | ||||||||||||||||||
In the normal course of business, management will sometimes grant concessions, which would not otherwise be considered, to borrowers that are experiencing financial difficulty. Loans identified as meeting the criteria set out in FASB ASC 310 are identified as TDRs. The concessions granted most frequently for TDRs involve reductions or delays in required payments of principal and interest for a specified period, the rescheduling of payments in accordance with a bankruptcy plan or the charge-off of a portion of the loan. 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 periods 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 and the interest rate at the time of restructure was at or above market for a comparable loan. During the first quarter of 2014, 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 for the periods indicated: | |||||||||||||||||||||
Three months ended March 31, 2014 | |||||||||||||||||||||
Pre-Modification | Post-Modification | ||||||||||||||||||||
Number | Outstanding | Outstanding | |||||||||||||||||||
of | Recorded | Recorded | |||||||||||||||||||
Contracts | Investment | Investment | |||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||
Commercial and industrial | 5 | $ 613 | $ 613 | ||||||||||||||||||
Real estate | |||||||||||||||||||||
Consumer mortgages | 10 | 2,623 | 2,098 | ||||||||||||||||||
Home equity | 2 | 31 | 30 | ||||||||||||||||||
Commercial and industrial-owner occupied | 7 | 1,997 | 1,704 | ||||||||||||||||||
Construction, acquisition and development | 1 | 878 | 878 | ||||||||||||||||||
Commercial real estate | 4 | 875 | 876 | ||||||||||||||||||
All other | 6 | 52 | 51 | ||||||||||||||||||
Total | 35 | $ 7,069 | $ 6,250 | ||||||||||||||||||
Year ended December 31, 2013 | |||||||||||||||||||||
Pre-Modification | Post-Modification | ||||||||||||||||||||
Number | Outstanding | Outstanding | |||||||||||||||||||
of | Recorded | Recorded | |||||||||||||||||||
Contracts | Investment | Investment | |||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||
Commercial and industrial | 3 | $ 919 | $ 919 | ||||||||||||||||||
Real estate | |||||||||||||||||||||
Consumer mortgages | 23 | 1,843 | 1,840 | ||||||||||||||||||
Home equity | 2 | 25 | 10 | ||||||||||||||||||
Commercial and industrial-owner occupied | 8 | 3,821 | 3,815 | ||||||||||||||||||
Construction, acquisition and development | 15 | 3,071 | 2,826 | ||||||||||||||||||
Commercial real estate | 4 | 1,574 | 1,570 | ||||||||||||||||||
All other | 5 | 1,160 | 1,160 | ||||||||||||||||||
Total | 60 | $ 12,413 | $ 12,140 | ||||||||||||||||||
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 March 31, 2014 | |||||||||||||||||||||
Number of | Recorded | ||||||||||||||||||||
Contracts | Investment | ||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||
Real estate | |||||||||||||||||||||
Consumer mortgages | 2 | $ 81 | |||||||||||||||||||
Construction, acquisition and development | 2 | 280 | |||||||||||||||||||
Total | 4 | $ 361 | |||||||||||||||||||
Year ended December 31, 2013 | |||||||||||||||||||||
Number of | Recorded | ||||||||||||||||||||
Contracts | Investment | ||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||
Commercial and industrial | 3 | $ 129 | |||||||||||||||||||
Real estate | |||||||||||||||||||||
Consumer mortgages | 9 | 823 | |||||||||||||||||||
Commercial and industrial-owner occupied | 6 | 877 | |||||||||||||||||||
Construction, acquisition and development | 3 | 1,874 | |||||||||||||||||||
Commercial real estate | 4 | 3,625 | |||||||||||||||||||
All other | 1 | 1 | |||||||||||||||||||
Total | 26 | $ 7,329 | |||||||||||||||||||
ALLOWANCE_FOR_CREDIT_LOSSES
ALLOWANCE FOR CREDIT LOSSES | 3 Months Ended | |||||||||||
Mar. 31, 2014 | ||||||||||||
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: | ||||||||||||
Three months ended | ||||||||||||
31-Mar-14 | ||||||||||||
Balance, | Balance, | |||||||||||
Beginning of | End of | |||||||||||
Period | Charge-offs | Recoveries | Provision | Period | ||||||||
(In thousands) | ||||||||||||
Commercial and industrial | $ 18,376 | $ (201) | $ 1,076 | $ (337) | $ 18,914 | |||||||
Real estate | ||||||||||||
Consumer mortgages | 39,525 | -1,945 | 538 | 210 | 38,328 | |||||||
Home equity | 5,663 | -318 | 184 | 183 | 5,712 | |||||||
Agricultural | 2,800 | -696 | 9 | 721 | 2,834 | |||||||
Commercial and industrial-owner occupied | 17,059 | -1,206 | 358 | 350 | 16,561 | |||||||
Construction, acquisition and development | 11,828 | -1,666 | 1,637 | -1,479 | 10,320 | |||||||
Commercial real estate | 43,853 | -901 | 323 | 1,496 | 44,771 | |||||||
Credit cards | 3,782 | -559 | 131 | -868 | 2,486 | |||||||
All other | 10,350 | -583 | 287 | -276 | 9,778 | |||||||
Total | $ 153,236 | $ (8,075) | $ 4,543 | $ - | $ 149,704 | |||||||
Year ended | ||||||||||||
31-Dec-13 | ||||||||||||
Balance, | Balance, | |||||||||||
Beginning of | End of | |||||||||||
Period | Charge-offs | Recoveries | Provision | Period | ||||||||
(In thousands) | ||||||||||||
Commercial and industrial | $ 23,286 | $ (4,672) | $ 3,517 | $ (3,755) | $ 18,376 | |||||||
Real estate | ||||||||||||
Consumer mortgages | 35,966 | -9,159 | 5,067 | 7,651 | 39,525 | |||||||
Home equity | 6,005 | -1,469 | 607 | 520 | 5,663 | |||||||
Agricultural | 3,301 | -736 | 215 | 20 | 2,800 | |||||||
Commercial and industrial-owner occupied | 20,178 | -3,855 | 2,724 | -1,988 | 17,059 | |||||||
Construction, acquisition and development | 21,905 | -6,745 | 4,682 | -8,014 | 11,828 | |||||||
Commercial real estate | 40,081 | -10,341 | 4,978 | 9,135 | 43,853 | |||||||
Credit cards | 3,611 | -2,316 | 629 | 1,858 | 3,782 | |||||||
All other | 10,133 | -2,899 | 1,043 | 2,073 | 10,350 | |||||||
Total | $ 164,466 | $ (42,192) | $ 23,462 | $ 7,500 | $ 153,236 | |||||||
Three months ended | ||||||||||||
31-Mar-13 | ||||||||||||
Balance, | Balance, | |||||||||||
Beginning of | End of | |||||||||||
Period | Charge-offs | Recoveries | Provision | Period | ||||||||
(In thousands) | ||||||||||||
Commercial and industrial | $ 23,286 | $ (1,938) | $ 589 | $ 1,118 | $ 23,055 | |||||||
Real estate | ||||||||||||
Consumer mortgage | 35,966 | -1,614 | 1,108 | 198 | 35,658 | |||||||
Home equity | 6,005 | -602 | 260 | 421 | 6,084 | |||||||
Agricultural | 3,301 | -2 | 13 | 408 | 3,720 | |||||||
Commercial and industrial-owner occupied | 20,178 | -300 | 254 | 251 | 20,383 | |||||||
Construction, acquisition and development | 21,905 | -1,198 | 886 | 2,189 | 23,782 | |||||||
Commercial real estate | 40,081 | -3,141 | 339 | -1,304 | 35,975 | |||||||
Credit cards | 3,611 | -450 | 148 | 90 | 3,399 | |||||||
All other | 10,133 | -492 | 275 | 629 | 10,545 | |||||||
Total | $ 164,466 | $ (9,737) | $ 3,872 | $ 4,000 | $ 162,601 | |||||||
The following tables provide the allowance for credit losses by segment, class and impairment status as of the dates indicated:: | ||||||||||||
31-Mar-14 | ||||||||||||
Recorded | Allowance for | Allowance for | ||||||||||
Balance of | Impaired Loans | All Other Loans | Total | |||||||||
Impaired Loans | and Leases | and Leases | Allowance | |||||||||
(In thousands) | ||||||||||||
Commercial and industrial | $ 1,295 | $ - | $ 18,914 | $ 18,914 | ||||||||
Real estate | ||||||||||||
Consumer mortgages | 5,125 | 231 | 38,097 | 38,328 | ||||||||
Home equity | 642 | 25 | 5,687 | 5,712 | ||||||||
Agricultural | 436 | - | 2,834 | 2,834 | ||||||||
Commercial and industrial-owner occupied | 7,046 | 214 | 16,347 | 16,561 | ||||||||
Construction, acquisition and development | 7,896 | - | 10,320 | 10,320 | ||||||||
Commercial real estate | 18,838 | 1,118 | 43,653 | 44,771 | ||||||||
Credit cards | - | - | 2,486 | 2,486 | ||||||||
All other | 188 | - | 9,778 | 9,778 | ||||||||
Total | $ 41,466 | $ 1,588 | $ 148,116 | $ 149,704 | ||||||||
31-Dec-13 | ||||||||||||
Recorded | Allowance for | Allowance for | ||||||||||
Balance of | Impaired Loans | All Other Loans | Total | |||||||||
Impaired Loans | and Leases | and Leases | Allowance | |||||||||
(In thousands) | ||||||||||||
Commercial and industrial | $ 1,314 | $ 305 | $ 18,071 | $ 18,376 | ||||||||
Real estate | ||||||||||||
Consumer mortgages | 6,406 | 309 | 39,216 | 39,525 | ||||||||
Home equity | 1,140 | 37 | 5,626 | 5,663 | ||||||||
Agricultural | 882 | 15 | 2,785 | 2,800 | ||||||||
Commercial and industrial-owner occupied | 11,745 | 739 | 16,320 | 17,059 | ||||||||
Construction, acquisition and development | 15,712 | 1,599 | 10,229 | 11,828 | ||||||||
Commercial real estate | 17,481 | 1,138 | 42,715 | 43,853 | ||||||||
Credit cards | - | - | 3,782 | 3,782 | ||||||||
All other | 263 | 4 | 10,346 | 10,350 | ||||||||
Total | $ 54,943 | $ 4,146 | $ 149,090 | $ 153,236 | ||||||||
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 more that are 60 or more days past due 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 | 3 Months Ended | ||||||||||||||||||
Mar. 31, 2014 | |||||||||||||||||||
OTHER REAL ESTATE OWNED [Abstract] | ' | ||||||||||||||||||
OTHER REAL ESTATE OWNED | ' | ||||||||||||||||||
NOTE 4 – OTHER REAL ESTATE OWNED | |||||||||||||||||||
The following table presents the activity in OREO for the periods indicated: | |||||||||||||||||||
Three months ended | Year ended | ||||||||||||||||||
March 31, | December 31, | ||||||||||||||||||
2014 | 2013 | 2013 | |||||||||||||||||
(In thousands) | |||||||||||||||||||
Balance at beginning of period | $ 69,338 | $ 103,248 | $ 103,248 | ||||||||||||||||
Additions to foreclosed properties | |||||||||||||||||||
New foreclosed properties | 4,855 | 2,222 | 29,265 | ||||||||||||||||
Reductions in foreclosed properties | |||||||||||||||||||
Sales | -8,767 | -7,811 | -57,057 | ||||||||||||||||
Writedowns | -1,831 | -1,345 | -6,118 | ||||||||||||||||
Balance at end of period | $ 63,595 | $ 96,314 | $ 69,338 | ||||||||||||||||
The following tables present the OREO by geographical location, segment and class as of the dates indicated: | |||||||||||||||||||
31-Mar-14 | |||||||||||||||||||
Alabama | Greater | ||||||||||||||||||
and Florida | Memphis | Texas and | |||||||||||||||||
Panhandle | Arkansas* | Mississippi* | Missouri | Area | Tennessee* | Louisiana | Other | Total | |||||||||||
(In thousands) | |||||||||||||||||||
Commercial and industrial | $ 84 | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ 84 | ||||||||||
Real estate | |||||||||||||||||||
Consumer mortgages | 822 | 232 | 2,465 | 62 | 68 | 199 | 5 | - | 3,853 | ||||||||||
Home equity | 442 | - | 556 | - | - | - | - | - | 998 | ||||||||||
Agricultural | 907 | - | 216 | - | 1,083 | - | - | - | 2,206 | ||||||||||
Commercial and industrial-owner occupied | 33 | 33 | 1,703 | - | 827 | 25 | 105 | - | 2,726 | ||||||||||
Construction, acquisition and development | 15,035 | 94 | 10,853 | 861 | 20,114 | 3,871 | 257 | - | 51,085 | ||||||||||
Commercial real estate | 352 | 316 | 568 | - | 1,036 | - | 106 | - | 2,378 | ||||||||||
All other | - | - | 85 | - | - | - | 147 | 33 | 265 | ||||||||||
Total | $ 17,675 | $ 675 | $ 16,446 | $ 923 | $ | $ 4,095 | $ 620 | $ 33 | $ 63,595 | ||||||||||
23,128 | |||||||||||||||||||
* Excludes the Greater Memphis Area. | |||||||||||||||||||
31-Dec-13 | |||||||||||||||||||
Alabama | Greater | ||||||||||||||||||
and Florida | Memphis | Texas and | |||||||||||||||||
Panhandle | Arkansas* | Mississippi* | Missouri | Area | Tennessee* | Louisiana | Other | Total | |||||||||||
(In thousands) | |||||||||||||||||||
Commercial and industrial | $ 223 | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ 223 | ||||||||||
Real estate | |||||||||||||||||||
Consumer mortgages | 1,613 | 309 | 1,532 | 33 | 132 | 210 | - | 108 | 3,937 | ||||||||||
Home equity | 442 | - | - | - | - | - | - | - | 442 | ||||||||||
Agricultural | 907 | - | 216 | - | 1,084 | 930 | - | - | 3,137 | ||||||||||
Commercial and industrial-owner occupied | 33 | 32 | 1,002 | - | 449 | 25 | 105 | - | 1,646 | ||||||||||
Construction, acquisition and development | 15,667 | 631 | 11,631 | 1,059 | 22,696 | 5,174 | 257 | 158 | 57,273 | ||||||||||
Commercial real estate | 353 | 316 | 569 | - | 980 | - | 140 | - | 2,358 | ||||||||||
All other | 84 | 1 | 82 | - | 28 | - | 94 | 33 | 322 | ||||||||||
Total | $ 19,322 | $ 1,289 | $ 15,032 | $ 1,092 | $ | $ 6,339 | $ 596 | $ 299 | $ 69,338 | ||||||||||
25,369 | |||||||||||||||||||
* Excludes the Greater Memphis Area. | |||||||||||||||||||
31-Mar-13 | |||||||||||||||||||
Alabama | Greater | ||||||||||||||||||
and Florida | Memphis | Texas and | |||||||||||||||||
Panhandle | Arkansas* | Mississippi* | Missouri | Area | Tennessee* | Louisiana | Other | Total | |||||||||||
(In thousands) | |||||||||||||||||||
Commercial and industrial | $ 241 | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ 241 | ||||||||||
Real estate | |||||||||||||||||||
Consumer mortgages | 1,114 | 734 | 2,653 | - | 756 | 716 | 625 | - | 6,598 | ||||||||||
Home equity | - | - | 44 | - | - | - | - | - | 44 | ||||||||||
Agricultural | 870 | - | - | - | 1,106 | 2,204 | 174 | - | 4,354 | ||||||||||
Commercial and industrial-owner occupied | 157 | 101 | 1,139 | - | 2,638 | 67 | 148 | - | 4,250 | ||||||||||
Construction, acquisition and development | 13,605 | 1,167 | 14,586 | 431 | 35,939 | 8,682 | 1,874 | 455 | 76,739 | ||||||||||
Commercial real estate | 356 | 1,410 | 4 | - | 833 | 144 | 134 | - | 2,881 | ||||||||||
All other | 47 | 11 | 64 | 94 | 748 | 13 | 91 | 139 | 1,207 | ||||||||||
Total | $ 16,390 | $ 3,423 | $ 18,490 | $ 525 | $ 42,020 | $ 11,826 | $ 3,046 | $ 594 | $ 96,314 | ||||||||||
* Excludes the Greater Memphis Area. | |||||||||||||||||||
The Company incurred total foreclosed property expenses of $2.6 million and $2.4 million for the three months ended March 31, 2014 and 2013, respectively. Realized net losses on dispositions and holding losses on valuations of these properties, a component of total foreclosed property expenses, were $2.3 million and $1.1 million for the three months ended March 31, 2014 and 2013, respectively. | |||||||||||||||||||
SECURITIES
SECURITIES | 3 Months Ended | |||||||||||
Mar. 31, 2014 | ||||||||||||
SECURITIES [Abstract] | ' | |||||||||||
SECURITIES | ' | |||||||||||
NOTE 5 – SECURITIES | ||||||||||||
A comparison of amortized cost and estimated fair values of available-for-sale securities as of March 31, 2014, March 31, 2013 and December 31, 2013 follows: | ||||||||||||
31-Mar-14 | ||||||||||||
Gross | Gross | Estimated | ||||||||||
Amortized | Unrealized | Unrealized | Fair | |||||||||
Cost | Gains | Losses | Value | |||||||||
(In thousands) | ||||||||||||
U.S. Government agencies | $ 1,416,273 | $ 7,899 | $ 4,903 | $ 1,419,269 | ||||||||
Government agency issued residential | ||||||||||||
mortgage-backed securities | 238,887 | 3,898 | 1,189 | 241,596 | ||||||||
Government agency issued commercial | ||||||||||||
mortgage-backed securities | 240,619 | 1,866 | 8,426 | 234,059 | ||||||||
Obligations of states and political subdivisions | 505,586 | 19,051 | 826 | 523,811 | ||||||||
Other | 6,947 | 1,076 | - | 8,023 | ||||||||
Total | $ 2,408,312 | $ 33,790 | $ 15,344 | $ 2,426,758 | ||||||||
31-Dec-13 | ||||||||||||
Gross | Gross | Estimated | ||||||||||
Amortized | Unrealized | Unrealized | Fair | |||||||||
Cost | Gains | Losses | Value | |||||||||
(In thousands) | ||||||||||||
U.S. Government agencies | $ 1,455,417 | $ 9,065 | $ 6,133 | $ 1,458,349 | ||||||||
Government agency issued residential | ||||||||||||
mortgage-backed securities | 249,682 | 3,118 | 2,566 | 250,234 | ||||||||
Government agency issued commercial | ||||||||||||
mortgage-backed securities | 239,313 | 1,773 | 10,174 | 230,912 | ||||||||
Obligations of states and political subdivisions | 509,255 | 12,883 | 2,733 | 519,405 | ||||||||
Other | 6,941 | 1,148 | - | 8,089 | ||||||||
Total | $ 2,460,608 | $ 27,987 | $ 21,606 | $ 2,466,989 | ||||||||
31-Mar-13 | ||||||||||||
Gross | Gross | Estimated | ||||||||||
Amortized | Unrealized | Unrealized | Fair | |||||||||
Cost | Gains | Losses | Value | |||||||||
(In thousands) | ||||||||||||
U.S. Government agencies | $ 1,498,886 | $ 18,841 | $ 2 | $ 1,517,725 | ||||||||
Government agency issued residential | ||||||||||||
mortgage-backed securities | 327,586 | $ 7,230 | $ 266 | 334,550 | ||||||||
Government agency issued commercial | ||||||||||||
mortgage-backed securities | 192,912 | 3,974 | 427 | 196,459 | ||||||||
Obligations of states and political subdivisions | 521,255 | 29,318 | 98 | 550,475 | ||||||||
Other | 7,058 | 915 | 6 | 7,967 | ||||||||
Total | $ 2,547,697 | 60,278 | 799 | $ 2,607,176 | ||||||||
Gross gains of approximately $4,000 and gross losses of approximately $8,000 were recognized on available-for-sale securities during the first three months of 2014, while gross gains of approximately $34,000 and gross losses of approximately $15,000 were recognized during the first three months of 2013. | ||||||||||||
The amortized cost and estimated fair value of available-for-sale securities at March 31, 2014 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. | ||||||||||||
31-Mar-14 | ||||||||||||
Estimated | Weighted | |||||||||||
Amortized | Fair | Average | ||||||||||
Cost | Value | Yield | ||||||||||
(Dollars in thousands) | ||||||||||||
Maturing in one year or less | $ 423,052 | $ 425,053 | 1.40 | % | ||||||||
Maturing after one year through five years | 1,133,192 | 1,136,886 | 1.29 | |||||||||
Maturing after five years through ten years | 175,079 | 181,151 | 5.64 | |||||||||
Maturing after ten years | 197,483 | 208,013 | 5.91 | |||||||||
Mortgage-backed securities | 479,506 | 475,655 | 2.17 | |||||||||
Total | $ 2,408,312 | $ 2,426,758 | ||||||||||
The following tables summarize information pertaining to temporarily impaired available-for-sale securities with continuous unrealized loss positions at March 31, 2014 and December 31, 2013: | ||||||||||||
31-Mar-14 | ||||||||||||
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 | $ 553,456 | $ 4,903 | $ - | $ - | $ 553,456 | $ 4,903 | ||||||
Government agency issued residential | ||||||||||||
mortgage-backed securities | 34,509 | 1,159 | 1,957 | 30 | 36,466 | 1,189 | ||||||
Government agency issued commercial | ||||||||||||
mortgage-backed securities | 142,990 | 5,408 | 62,544 | 3,018 | 205,534 | 8,426 | ||||||
Obligations of states and | ||||||||||||
political subdivisions | 49,817 | 713 | 3,463 | 113 | 53,280 | 826 | ||||||
Total | $ 780,772 | $ 12,183 | $ 67,964 | $ 3,161 | $ 848,736 | $ 15,344 | ||||||
31-Dec-13 | ||||||||||||
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 | $ 533,326 | $ 6,133 | $ - | $ - | $ 533,326 | $ 6,133 | ||||||
Government agency issued residential | ||||||||||||
mortgage-backed securities | 106,179 | 2,418 | 4,407 | 148 | 110,586 | 2,566 | ||||||
Government agency issued commercial | ||||||||||||
mortgage-backed securities | 176,253 | 8,578 | 27,225 | 1,596 | 203,478 | 10,174 | ||||||
Obligations of states and | ||||||||||||
political subdivisions | 97,543 | 2,555 | 3,663 | 178 | 101,206 | 2,733 | ||||||
Total | $ 913,301 | $ 19,684 | $ 35,295 | $ 1,922 | $ 948,596 | $ 21,606 | ||||||
Based upon a review of the credit quality of these securities, and considering that the issuers were in compliance with the terms of the securities, management had no intent to sell these securities, and it was more likely than not that the Company would not be required to sell the securities prior to recovery of costs. Therefore, the impairments related to these securities were determined to be temporary. No other-than-temporary impairment was recorded during the first three months of 2014. | ||||||||||||
PER_SHARE_DATA
PER SHARE DATA | 3 Months Ended | ||||||||||||
Mar. 31, 2014 | |||||||||||||
PER SHARE DATA [Abstract] | ' | ||||||||||||
PER SHARE DATA | ' | ||||||||||||
NOTE 6 – PER SHARE DATA | |||||||||||||
Basic earnings per share (“EPS”) are calculated using the two-class method. The two-class method provides that unvested share-based payment awards that contain nonforfeitable rights to dividends or dividend equivalents (whether paid or unpaid) are participating securities and shall be included in the computation of basic EPS. Diluted EPS is computed using the weighted-average number of shares determined for the basic EPS computation plus the shares resulting from the assumed exercise of all outstanding share-based awards using the treasury stock method. Weighted-average antidilutive stock options to purchase approximately 801,000 shares of Company common stock with a weighted average exercise price of $23.84 per share for the three months ended March 31, 2014 were excluded from diluted shares. Antidilutive other equity awards of approximately 48,000 shares of Company common stock for the three months ended March 31, 2014 were also excluded from diluted shares. Weighted-average antidilutive stock options to purchase 2.3 million shares of Company common stock for the three months ended March 31, 2013, with a weighted average exercise price of $21.78 per share for the three months ended March 31, 2013 were excluded from diluted shares. Antidilutive other equity awards of approximately 70,000 shares of Company common stock for the three months ended March 31, 2013 were also excluded from diluted shares. The following table provides a reconciliation of the numerators and denominators of the basic and diluted earnings per share computations for the periods shown: | |||||||||||||
Three months ended March 31, | |||||||||||||
2014 | 2013 | ||||||||||||
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 | $ 28,444 | 95,630 | $ 0.30 | $ 20,805 | 94,596 | $ 0.22 | |||||||
Effect of dilutive share- | |||||||||||||
based awards | - | 323 | - | 160 | |||||||||
Diluted EPS | |||||||||||||
Income available to common | |||||||||||||
shareholders plus assumed | |||||||||||||
exercise of all outstanding | |||||||||||||
share-based awards | $ 28,444 | 95,953 | $ 0.30 | $ 20,805 | 94,756 | $ 0.22 | |||||||
COMPREHENSIVE_INCOME
COMPREHENSIVE INCOME | 3 Months Ended | ||||||||||||
Mar. 31, 2014 | |||||||||||||
COMPREHENSIVE INCOME [Abstract] | ' | ||||||||||||
COMPREHENSIVE INCOME | ' | ||||||||||||
NOTE 7 – COMPREHENSIVE INCOME | |||||||||||||
The following table presents the components of other comprehensive income (loss) and the related tax effects allocated to each component for the periods indicated: | |||||||||||||
Three months ended March 31, | |||||||||||||
2014 | 2013 | ||||||||||||
Before | Net | Before | Net | ||||||||||
tax | Tax | of tax | tax | Tax | of tax | ||||||||
amount | effect | amount | amount | effect | amount | ||||||||
Net unrealized gains (losses) on available-for- | (In thousands) | ||||||||||||
sale securities: | |||||||||||||
Unrealized gains (losses) arising during | |||||||||||||
holding period | $ 12,062 | $ (4,621) | $ 7,441 | $ (8,571) | $ 3,283 | $ (5,288) | |||||||
Reclassification adjustment for | |||||||||||||
net losses (gains) realized in net income (1) | 4 | -2 | 2 | -19 | 7 | -12 | |||||||
Recognized employee benefit plan | |||||||||||||
net periodic benefit cost (2) | 738 | -282 | 456 | 1,337 | -511 | 826 | |||||||
Other comprehensive income (loss) | $ 12,804 | $ (4,905) | $ 7,899 | $ (7,253) | $ 2,779 | $ (4,474) | |||||||
Net income | 28,444 | 20,805 | |||||||||||
Comprehensive income | $ 36,343 | $ 16,331 | |||||||||||
(1) Reclassification adjustments for net (losses) gains on available-for-sale securities are reported as net security (losses) gains on the consolidated statements of income. | |||||||||||||
(2) Recognized employee benefit plan net periodic benefit cost include amortization of unrecognized transition amount, recognized prior service cost and recognized net loss. For more information, see Note 9 - Pension Benefits. | |||||||||||||
GOODWILL_AND_OTHER_INTANGIBLE_
GOODWILL AND OTHER INTANGIBLE ASSETS | 3 Months Ended | ||||||||
Mar. 31, 2014 | |||||||||
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 three months ended March 31, 2014 were as follows: | |||||||||
Community | Insurance | ||||||||
Banking | Agencies | Total | |||||||
(In thousands) | |||||||||
Balance as of December 31, 2013 | $ 217,618 | $ 69,182 | $ 286,800 | ||||||
Goodwill recorded during the period | - | - | - | ||||||
Balance as of March 31, 2014 | $ 217,618 | $ 69,182 | $ 286,800 | ||||||
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 three months of 2014 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 | ||||||||
31-Mar-14 | 31-Dec-13 | ||||||||
Gross Carrying | Accumulated | Gross Carrying | Accumulated | ||||||
Amount | Amortization | Amount | Amortization | ||||||
Amortized intangible assets: | (In thousands) | ||||||||
Core deposit intangibles | $ 27,801 | $ 22,393 | $ 27,801 | $ 22,256 | |||||
Customer relationship intangibles | 46,967 | 29,163 | 46,967 | 28,329 | |||||
Non-solicitation intangibles | 1,450 | 329 | 1,450 | 242 | |||||
Total | $ 76,218 | $ 51,885 | $ 76,218 | $ 50,827 | |||||
Unamortized intangible assets: | |||||||||
Trade names | $ 688 | $ - | $ 688 | $ - | |||||
Three months ended | |||||||||
March 31, | |||||||||
2014 | 2013 | ||||||||
Aggregate amortization expense for: | (In thousands) | ||||||||
Core deposit intangibles | $ 137 | $ 157 | |||||||
Customer relationship intangibles | 834 | 548 | |||||||
Non-solicitation intangibles | 87 | 38 | |||||||
Total | $ 1,058 | $ 743 | |||||||
The following table presents information regarding estimated amortization expense on the Company’s amortizable identifiable intangible assets for the year ending December 31, 2014 and the succeeding four years: | |||||||||
Customer | Non- | ||||||||
Core Deposit | Relationship | Solicitation | |||||||
Intangibles | Intangibles | Intangibles | Total | ||||||
Estimated Amortization Expense: | (In thousands) | ||||||||
For year ending December 31, 2014 | $ 526 | $ 3,241 | $ 350 | $ 4,117 | |||||
For year ending December 31, 2015 | 487 | 2,817 | 275 | 3,579 | |||||
For year ending December 31, 2016 | 451 | 2,378 | 200 | 3,029 | |||||
For year ending December 31, 2017 | 419 | 2,107 | 200 | 2,726 | |||||
For year ending December 31, 2018 | 390 | 1,758 | 183 | 2,331 | |||||
PENSION_BENEFITS
PENSION BENEFITS | 3 Months Ended | ||||
Mar. 31, 2014 | |||||
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 | |||||
March 31, | |||||
2014 | 2013 | ||||
(In thousands) | |||||
Service cost | $ 2,234 | $ 2,684 | |||
Interest cost | 2,339 | 2,053 | |||
Expected return on assets | -2,634 | -2,743 | |||
Amortization of unrecognized transition amount | 5 | 5 | |||
Recognized prior service cost | -192 | -192 | |||
Recognized net loss | 926 | 1,524 | |||
Net periodic benefit costs | $ 2,678 | $ 3,331 | |||
RECENT_PRONOUNCEMENTS
RECENT PRONOUNCEMENTS | 3 Months Ended |
Mar. 31, 2014 | |
RECENT PRONOUNCEMENTS [Abstract] | ' |
RECENT PRONOUNCEMENTS | ' |
NOTE 10 – RECENT PRONOUNCEMENTS | |
There are currently no new accounting standards that have been issued that will have a significant impact on the Company’s financial position, results of operations or cash flows upon adoption. | |
SEGMENT_REPORTING
SEGMENT REPORTING | 3 Months Ended | ||||||||
Mar. 31, 2014 | |||||||||
SEGMENT REPORTING [Abstract] | ' | ||||||||
SEGMENT REPORTING | ' | ||||||||
NOTE 11 - SEGMENT REPORTING | |||||||||
The Company is a financial holding company with subsidiaries engaged in the business of banking and activities closely related to banking. The Company determines reportable segments based upon the services offered, the significance of those services to the Company’s financial condition and operating results and management’s regular review of the operating results of those services. The Company’s primary segment is Community Banking, which includes providing a full range of deposit products, commercial loans and consumer loans. The Company has also designated two additional reportable segments -- Insurance Agencies and General Corporate and Other. The Company’s insurance agencies serve as agents in the sale of commercial lines of insurance and full lines of property and casualty, life, health and employee benefits products and services. The General Corporate and Other operating segment includes mortgage lending, trust services, credit card activities, investment services and other activities not allocated to the Community Banking or Insurance Agencies operating segments. | |||||||||
Results of operations and selected financial information by operating segment for the three-month period ended March 31, 2014 and 2013 were as follows: | |||||||||
General | |||||||||
Community | Insurance | Corporate | |||||||
Banking | Agencies | and Other | Total | ||||||
(In thousands) | |||||||||
Three months ended March 31, 2014: | |||||||||
Results of Operations | |||||||||
Net interest revenue | $ 93,315 | $ 28 | $ 8,180 | $ 101,523 | |||||
Provision for credit losses | 1,024 | - | -1,024 | - | |||||
Net interest revenue after provision for credit losses | 92,291 | 28 | 9,204 | 101,523 | |||||
Noninterest revenue | 23,927 | 31,620 | 10,970 | 66,517 | |||||
Noninterest expense | 81,467 | 24,315 | 20,925 | 126,707 | |||||
Income before income taxes | 34,751 | 7,333 | -751 | 41,333 | |||||
Income tax expense (benefit) | 11,182 | 2,918 | -1,211 | 12,889 | |||||
Net income | $ 23,569 | $ 4,415 | $ 460 | $ 28,444 | |||||
Selected Financial Information | |||||||||
Total assets at end of period | $ 9,745,120 | $ 201,625 | $ 3,196,810 | $ 13,143,555 | |||||
Depreciation and amortization | 5,216 | 1,277 | $ 1,138 | 7,631 | |||||
Three months ended March 31, 2013: | |||||||||
Results of Operations | |||||||||
Net interest revenue | $ 92,244 | $ 49 | $ 5,785 | $ 98,078 | |||||
Provision for credit losses | 4,101 | - | -101 | 4,000 | |||||
Net interest revenue after provision for credit losses | 88,143 | 49 | 5,886 | 94,078 | |||||
Noninterest revenue | 26,507 | 26,530 | 18,281 | 71,318 | |||||
Noninterest expense | 91,005 | 21,407 | 22,959 | 135,371 | |||||
Income before income taxes | 23,645 | 5,172 | 1,208 | 30,025 | |||||
Income tax expense (benefit) | 7,604 | 2,076 | -460 | 9,220 | |||||
Net income | $ 16,041 | $ 3,096 | $ 1,668 | $ 20,805 | |||||
Selected Financial Information | |||||||||
Total assets at end of period | $ 10,082,036 | $ 183,918 | $ 3,127,181 | $ 13,393,135 | |||||
Depreciation and amortization | 5,788 | 894 | 774 | 7,456 | |||||
The increase in income for the Community banking division is mainly due to the decrease in legal expenses from March 31, 2013 to March 31, 2014. | |||||||||
MORTGAGE_SERVICING_RIGHTS
MORTGAGE SERVICING RIGHTS | 3 Months Ended | ||||||
Mar. 31, 2014 | |||||||
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, 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: | |||||||
March 31, | December 31, | ||||||
2014 | 2013 | 2013 | |||||
(Dollars in thousands) | |||||||
Unpaid principal balance | $ | $ | $ | ||||
5,568,829 | 5,236,852 | 5,577,325 | |||||
Weighted-average prepayment speed (CPR) | 10.9 | 15.4 | 10.3 | ||||
Discount rate (annual percentage) | 10.3 | 10.8 | 10.3 | ||||
Weighted-average coupon interest rate (percentage) | 4.2 | 4.3 | 4.2 | ||||
Weighted-average remaining maturity (months) | 312.0 | 306.0 | 310.0 | ||||
Weighted-average servicing fee (basis points) | 26.6 | 26.9 | 26.6 | ||||
Because the valuation is determined by using discounted cash flow models, the primary risk inherent in valuing the MSRs is the impact of fluctuating interest rates on the estimated life of the servicing revenue stream. The use of different estimates or assumptions could also produce different fair values. The Company does not hedge the change in fair value of MSRs and, therefore, the Company is susceptible to significant fluctuations in the fair 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: | |||||||
2014 | 2013 | ||||||
(In thousands) | |||||||
Fair value as of January 1 | $ 54,662 | $ 37,882 | |||||
Additions: | |||||||
Origination of servicing assets | 1,460 | 4,268 | |||||
Changes in fair value: | |||||||
Due to payoffs/paydowns | -1,138 | -1,705 | |||||
Due to change in valuation inputs or assumptions | |||||||
used in the valuation model | -1,547 | 1,037 | |||||
Other changes in fair value | -1 | -4 | |||||
Fair value as of March 31 | $ 53,436 | $ 41,478 | |||||
All of the changes to the fair value of the MSRs are recorded as part of mortgage lending noninterest revenue on the income statement. As part of mortgage lending noninterest revenue, the Company recorded contractual servicing fees of $3.7 million and $3.5 million and late and other ancillary fees of approximately $334,000 and $360,000 for the three months ended March 31, 2014 and 2013, respectively. | |||||||
DERIVATIVE_INSTRUMENTS_AND_OFF
DERIVATIVE INSTRUMENTS AND OFFSETTING ASSETS AND LIABILITIES | 3 Months Ended | ||||||||||||
Mar. 31, 2014 | |||||||||||||
DERIVATIVE INSTRUMENTS [Abstract] | ' | ||||||||||||
DERIVATIVE INSTRUMENTS | ' | ||||||||||||
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 March 31, 2014, the notional amount of forward commitments to sell individual fixed-rate mortgage loans was $90.9 million with a carrying value and fair value reflecting a loss of approximately $159,000. At March 31, 2013, the notional amount of forward commitments to sell individual fixed-rate mortgage loans was $201.3 million with a carrying value and fair value reflecting a loss of $968,000. At March 31, 2014, the notional amount of commitments to fund individual fixed-rate mortgage loans was $79.9 million with a carrying value and fair value reflecting a gain of $1.2 million. At March 31, 2013, the notional amount of commitments to fund individual fixed-rate mortgage loans was $188.4 million with a carrying value and fair value reflecting a gain of $3.7 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 March 31, 2014, the notional amount of customer related derivative financial instruments was $382.4 million with an average maturity of 54 months, an average interest receive rate of 2.5% and an average interest pay rate of 5.6%. As of March 31, 2013, the notional amount of customer related derivative financial instruments was $479.1 million with an average maturity of 60 months, an average interest receive rate of 2.5% and an average interest pay rate of 5.6%. | |||||||||||||
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: | |||||||||||||
31-Mar-14 | |||||||||||||
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 | $ 1,194 | $ - | $ 1,194 | $ - | $ - | $ 1,194 | |||||||
Loan/lease interest rate swaps | 27,081 | - | 27,081 | - | - | 27,081 | |||||||
Total financial assets | $ 28,275 | $ - | $ 28,275 | $ - | $ - | $ 28,275 | |||||||
Financial liabilities: | |||||||||||||
Derivatives: | |||||||||||||
Forward commitments | $ 163 | $ - | $ 163 | $ - | $ - | $ 163 | |||||||
Loan/lease interest rate swaps | 27,081 | - | 27,081 | - | -27,081 | - | |||||||
Repurchase arrangements | 456,303 | - | 456,303 | -456,303 | - | - | |||||||
Total financial liabilities | $ 483,547 | $ - | $ 483,547 | $ (456,303) | $ (27,081) | $ 163 | |||||||
31-Dec-13 | |||||||||||||
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 | $ 1,324 | $ - | $ 1,324 | $ - | $ - | $ 1,324 | |||||||
Loan/lease interest rate swaps | 29,249 | - | 29,249 | - | - | 29,249 | |||||||
Total financial assets | $ 30,573 | $ - | $ 30,573 | $ - | $ - | $ 30,573 | |||||||
Financial liabilities: | |||||||||||||
Derivatives: | |||||||||||||
Forward commitments | $ 103 | $ - | $ 103 | $ - | $ - | $ 103 | |||||||
Loan/lease interest rate swaps | 29,249 | - | 29,249 | - | -29,249 | - | |||||||
Repurchase arrangements | 421,028 | - | 421,028 | -421,028 | - | - | |||||||
Total financial liabilities | $ 450,380 | $ - | $ 450,380 | $ (421,028) | $ (29,249) | $ 103 | |||||||
31-Mar-13 | |||||||||||||
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 | $ 3,666 | $ - | $ 3,666 | $ - | $ - | $ 3,666 | |||||||
Loan/lease interest rate swaps | 46,284 | - | 46,284 | - | - | 46,284 | |||||||
Total financial assets | $ 49,950 | $ - | $ 49,950 | $ - | $ - | $ 49,950 | |||||||
Financial liabilities: | |||||||||||||
Derivatives: | |||||||||||||
Forward commitments | $ 968 | $ - | $ 968 | $ - | $ - | $ 968 | |||||||
Loan/lease interest rate swaps | 46,284 | - | 46,284 | - | -46,284 | - | |||||||
Repurchase arrangements | 353,742 | - | 353,742 | -353,742 | - | - | |||||||
Total financial liabilities | $ 400,994 | $ - | $ 400,994 | $ (353,742) | $ (46,284) | $ 968 | |||||||
FAIR_VALUE_DISCLOSURES
FAIR VALUE DISCLOSURES | 3 Months Ended | ||||||||||
Mar. 31, 2014 | |||||||||||
FAIR VALUE DISCLOSURES [Abstract] | ' | ||||||||||
FAIR VALUE DISCLOSURES | ' | ||||||||||
NOTE 14 – FAIR VALUE DISCLOSURES | |||||||||||
“Fair value” is defined by FASB ASC 820, Fair Value Measurements and Disclosure (“FASB ASC 820”), as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. FASB ASC 820 establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that observable inputs be used when available. Observable inputs are inputs that market participants would use in pricing the asset or liability developed based on market data obtained from sources independent of the reporting entity. Unobservable inputs are inputs that reflect the reporting entity’s assumptions about the assumptions that market participants would use in pricing the asset or liability developed based on the best information available under the circumstances. The hierarchy is broken down into the following three levels, based on the reliability of inputs: | |||||||||||
Level 1: Unadjusted quoted prices in active markets for identical assets or liabilities that are accessible at the measurement date. | |||||||||||
Level 2: Significant other observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active or other inputs that are observable or can be corroborated by observable market data. | |||||||||||
Level 3: Significant unobservable inputs for the asset or liability that reflect the reporting entity’s own assumptions about the assumptions that market participants would use in pricing the asset or liability. | |||||||||||
Determination of Fair Value | |||||||||||
The Company uses the valuation methodologies listed below to measure different financial instruments at fair value. An indication of the level in the fair value hierarchy in which each instrument is generally classified is included. Where appropriate, the description includes details of the valuation models, the key inputs to those models as well as any significant assumptions. | |||||||||||
Available-for-sale securities. Available-for-sale securities are recorded at fair value on a recurring basis. Fair value measurement is based upon quoted prices, if available. If quoted prices are not available, fair values are determined by matrix pricing, which is a mathematical technique widely used in the industry to value debt securities without relying exclusively on quoted prices for the specific securities but rather by relying on the securities’ relationship to other benchmark quoted securities. The Company’s available-for-sale securities that are traded on an active exchange, such as the New York Stock Exchange, are classified as Level 1. Available-for-sale securities valued using matrix pricing are classified as Level 2. Available-for-sale securities valued using matrix pricing that has been adjusted to compensate for the present value of expected cash flows, market liquidity, credit quality and volatility are classified as Level 3. | |||||||||||
Mortgage servicing rights. The Company records MSRs at fair value on a recurring basis with subsequent remeasurement of MSRs based on change in fair value. An estimate of the fair value of the Company’s MSRs is determined by utilizing assumptions about factors such as mortgage interest rates, discount rates, mortgage loan prepayment speeds, market trends and industry demand. All of the Company’s MSRs are classified as Level 3. For additional information about the Company’s valuation of MSRs, see Note 12, Mortgage Servicing Rights. | |||||||||||
Derivative instruments. The Company’s derivative instruments consist of commitments to fund fixed-rate mortgage loans to customers and forward commitments to sell individual fixed-rate mortgage loans. Fair value of these derivative instruments is measured on a recurring basis using recent observable market prices. The Company also enters into interest rate swaps to meet the financing, interest rate and equity risk management needs of its customers. The fair value of these instruments is either an observable market price or a discounted cash flow valuation using the terms of swap agreements but substituting original interest rates with prevailing interest rates ranging from 1.50% to 3.5%. 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 the lower of cost or estimated fair value and are subject to nonrecurring fair value adjustments. Estimated fair value is determined on the basis of existing commitments or the current market value of similar loans. All of the Company’s loans held for sale are classified as Level 2. | |||||||||||
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 March 31, 2014 and 2013: | |||||||||||
31-Mar-14 | |||||||||||
Level 1 | Level 2 | Level 3 | Total | ||||||||
Assets: | (In thousands) | ||||||||||
Available-for-sale securities: | |||||||||||
U.S. Government agencies | $ - | $ 1,419,269 | $ - | $ 1,419,269 | |||||||
Government agency issued residential | |||||||||||
mortgage-backed securities | - | 241,596 | - | 241,596 | |||||||
Government agency issued commercial | |||||||||||
mortgage-backed securities | - | 234,059 | - | 234,059 | |||||||
Obligations of states and | |||||||||||
political subdivisions | - | 523,811 | - | 523,811 | |||||||
Other | 1,029 | 6,994 | - | 8,023 | |||||||
Mortgage servicing rights | - | - | 53,436 | 53,436 | |||||||
Derivative instruments | - | - | 27,859 | 27,859 | |||||||
Total | $ 1,029 | $ 2,425,729 | $ 81,295 | $ 2,508,053 | |||||||
Liabilities: | |||||||||||
Derivative instruments | $ - | $ - | $ 27,244 | $ 27,244 | |||||||
31-Mar-13 | |||||||||||
Level 1 | Level 2 | Level 3 | Total | ||||||||
Assets: | (In thousands) | ||||||||||
Available-for-sale securities: | |||||||||||
U.S. Government agencies | $ - | $ 1,517,725 | $ - | $ 1,517,725 | |||||||
Government agency issued residential | |||||||||||
mortgage-backed securities | - | 334,550 | - | 334,550 | |||||||
Government agency issued commercial | |||||||||||
mortgage-backed securities | - | 196,459 | - | 196,459 | |||||||
Obligations of states and | |||||||||||
political subdivisions | - | 550,475 | - | 550,475 | |||||||
Other | 869 | 7,098 | - | 7,967 | |||||||
Mortgage servicing rights | - | - | 41,478 | 41,478 | |||||||
Derivative instruments | - | - | 49,392 | 49,392 | |||||||
Total | $ 869 | $ 2,606,307 | $ 90,870 | $ 2,698,046 | |||||||
Liabilities: | |||||||||||
Derivative instruments | $ - | $ - | $ 47,251 | $ 47,251 | |||||||
The following tables present the changes in Level 3 assets and liabilities measured at fair value on a recurring basis for the three-month period ended March 31, 2014 and 2013: | |||||||||||
Mortgage | Available- | ||||||||||
Servicing | Derivative | for-sale | |||||||||
Rights | Instruments | Securities | |||||||||
(In thousands) | |||||||||||
Balance at December 31, 2013 | $ 54,662 | $ 878 | $ - | ||||||||
Year to date net gains (losses) included in: | |||||||||||
Net loss | -2,686 | -263 | - | ||||||||
Other comprehensive income | - | - | - | ||||||||
Additions | 1,460 | - | - | ||||||||
Transfers in and/or out of Level 3 | - | - | - | ||||||||
Balance at March 31, 2014 | $ 53,436 | $ 615 | $ - | ||||||||
Net unrealized losses included in net income for the | |||||||||||
quarter relating to assets and liabilities held at March 31, 2014 | $ (1,547) | $ (263) | $ - | ||||||||
Mortgage | Available- | ||||||||||
Servicing | Derivative | for-sale | |||||||||
Rights | Instruments | Securities | |||||||||
(In thousands) | |||||||||||
Balance at December 31, 2012 | $ 37,882 | $ 2,911 | $ - | ||||||||
Year to date net gains (losses) included in: | |||||||||||
Net loss | -672 | -770 | - | ||||||||
Other comprehensive income | - | - | - | ||||||||
Additions | 4,268 | - | - | ||||||||
Transfers in and/or out of Level 3 | - | - | - | ||||||||
Balance at March 31, 2013 | $ 41,478 | $ 2,141 | $ - | ||||||||
Net unrealized gains (losses) included in net income for the | |||||||||||
quarter relating to assets and liabilities held at March 31, 2013 | $ 1,037 | $ (770) | $ - | ||||||||
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 March 31, 2014 and 2013: | |||||||||||
31-Mar-14 | |||||||||||
Total | |||||||||||
Level 1 | Level 2 | Level 3 | Total | Losses | |||||||
Assets: | (In thousands) | ||||||||||
Loans held for sale | $ - | $ 62,867 | $ - | $ 62,867 | $ - | ||||||
Impaired loans | - | - | 41,466 | 41,466 | -1,588 | ||||||
Other real estate owned | - | - | 63,595 | 63,595 | -17,730 | ||||||
31-Mar-13 | |||||||||||
Total | |||||||||||
Level 1 | Level 2 | Level 3 | Total | Losses | |||||||
Assets: | (In thousands) | ||||||||||
Loans held for sale | $ - | $ 105,523 | $ - | $ 105,523 | $ - | ||||||
Impaired loans | - | - | 137,791 | 137,791 | -11,658 | ||||||
Other real estate owned | - | - | 96,314 | 96,314 | -31,507 | ||||||
Fair Value of Financial Instruments | |||||||||||
FASB ASC 825, Financial Instruments (“FASB ASC 825”), requires that the Company disclose estimated fair values for its financial instruments. Fair value estimates, methods and assumptions are set forth below for the Company's financial instruments. | |||||||||||
Cash and Due From Banks. The carrying amounts for cash and due from banks approximate fair values due to their immediate and shorter-term maturities. | |||||||||||
Loans and Leases. Fair values are estimated for portfolios of loans and leases with similar financial characteristics. The fair value of loans and leases is calculated by discounting scheduled cash flows through the estimated maturity using rates the Company would currently offer customers based on the credit and interest rate risk inherent in the loan or lease. Assumptions regarding credit risk, cash flows and discount rates are judgmentally determined using available market and borrower information. Estimated maturity represents the expected average cash flow period, which in some instances is different than the stated maturity. This entrance price approach results in a calculated fair value that would be different than an exit or estimated actual sales price approach and such differences could be significant. All of the Company’s loans and leases are classified as Level 3. | |||||||||||
Deposit Liabilities. Under FASB ASC 825, the fair value of deposits with no stated maturity, such as noninterest bearing demand deposits, interest bearing demand deposits and savings, is equal to the amount payable on demand as of the reporting date. The fair value of certificates of deposit is based on the discounted value of contractual cash flows. The discount rate is estimated using the prevailing rates offered for deposits of similar maturities. The Company’s noninterest bearing demand deposits, interest bearing demand deposits and savings are classified as Level 1. Certificates of deposit are classified as Level 2. | |||||||||||
Debt. The carrying amounts for federal funds purchased and repurchase agreements approximate fair value because of their short-term maturity. The fair value of the Company’s fixed-term Federal Home Loan Bank (“FHLB”) advances is based on the discounted value of contractual cash flows. The discount rate is estimated using the prevailing rates available for advances of similar maturities. The fair value of the Company’s 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 $100.6 million at March 31, 2014, 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 March 31, 2014 and December 31, 2013: | |||||||||||
31-Mar-14 | 31-Dec-13 | ||||||||||
Carrying | Fair | Carrying | Fair | ||||||||
Value | Value | Value | Value | ||||||||
Assets: | (In thousands) | ||||||||||
Cash and due from banks | $ 199,214 | $ 199,214 | $ 208,961 | $ 208,961 | |||||||
Interest bearing deposits with other banks | 390,896 | 390,896 | 319,462 | 319,462 | |||||||
Available-for-sale securities | 2,426,758 | 2,426,758 | 2,466,989 | 2,466,989 | |||||||
Net loans and leases | 8,918,672 | 9,198,997 | 8,804,779 | 9,059,171 | |||||||
Loans held for sale | 62,867 | 65,815 | 69,593 | 70,063 | |||||||
Liabilities: | |||||||||||
Noninterest bearing deposits | 2,725,042 | 2,725,042 | 2,644,592 | 2,644,592 | |||||||
Savings and interest bearing deposits | 5,880,825 | 5,880,825 | 5,816,580 | 5,816,580 | |||||||
Other time deposits | 2,205,923 | 2,223,755 | 2,312,664 | 2,332,380 | |||||||
Federal funds purchased and securities | |||||||||||
sold under agreement to repurchase | |||||||||||
and other short-term borrowings | 456,303 | 456,314 | 421,028 | 414,238 | |||||||
Long-term debt and other borrowings | 109,070 | 111,093 | 113,201 | 112,721 | |||||||
Derivative instruments: | |||||||||||
Forward commitments to sell fixed rate | |||||||||||
mortgage loans | 159 | 159 | 654 | 654 | |||||||
Commitments to fund fixed rate | |||||||||||
mortgage loans | 1,190 | 1,190 | 567 | 567 | |||||||
Interest rate swap position to receive | 26,665 | 26,665 | 28,907 | 28,907 | |||||||
Interest rate swap position to pay | -27,081 | -27,081 | -29,249 | -29,249 | |||||||
OTHER_NONINTEREST_REVENUE_AND_
OTHER NONINTEREST REVENUE AND EXPENSE | 3 Months Ended | ||||
Mar. 31, 2014 | |||||
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 ended March 31, 2014 and 2013: | |||||
Three months ended | |||||
March 31, | |||||
2014 | 2013 | ||||
(In thousands) | |||||
Annuity fees | $ 772 | $ 483 | |||
Brokerage commissions and fees | 1,576 | 2,093 | |||
Bank-owned life insurance | 1,849 | 1,887 | |||
Other miscellaneous income | 3,384 | 4,284 | |||
Total other noninterest income | $ 7,581 | $ 8,747 | |||
The following table details other noninterest expense for the three months ended March 31, 2014 and 2013: | |||||
Three months ended | |||||
March 31, | |||||
2014 | 2013 | ||||
(In thousands) | |||||
Advertising | $ 632 | $ 743 | |||
Foreclosed property expense | 2,555 | 2,354 | |||
Telecommunications | 2,248 | 2,099 | |||
Public relations | 822 | 1,005 | |||
Data processing | 2,741 | 2,468 | |||
Computer software | 2,423 | 1,963 | |||
Amortization of intangibles | 1,058 | 743 | |||
Legal fees | 1,878 | 9,366 | |||
Merger expense | 560 | - | |||
Postage and shipping | 1,287 | 1,135 | |||
Other miscellaneous expense | 15,222 | 16,054 | |||
Total other noninterest expense | $ 31,426 | $ 37,930 | |||
COMMITMENTS_AND_CONTINGENT_LIA
COMMITMENTS AND CONTINGENT LIABILITIES | 3 Months Ended |
Mar. 31, 2014 | |
COMMITMENTS AND CONTINGENT LIABILITIES [Abstract] | ' |
COMMITMENTS AND CONTINGENT LIABILITIES | ' |
NOTE 16 – COMMITMENTS AND CONTINGENT LIABILITIES | |
The nature of the Company’s business ordinarily results in a certain amount of claims, litigation, investigations and legal and administrative cases and proceedings. Although the Company and its subsidiaries have developed policies and procedures to minimize the impact of legal noncompliance and other disputes, and endeavored to provide reasonable insurance coverage, litigation and regulatory actions present an ongoing risk. | |
The Company and its subsidiaries are engaged in lines of business that are heavily regulated and involve a large volume of financial transactions and potential transactions with numerous customers or applicants. From time to time, borrowers, customers, 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’s insurance has deductibles, and will likely not cover all such litigation or other proceedings or the costs of defense. The Company and its subsidiaries may also be subject to enforcement actions by federal or state regulators, including the Securities and Exchange Commission, the Federal Reserve, the FDIC, the Consumer Financial Protection Bureau, the Department of Justice, 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 or threatened claims, however, may turn out to be substantially higher than the amount accrued. Further, the Company’s insurance will not cover all such litigation, other proceedings or claims, or the costs of defense. | |
While the final outcome of any legal proceedings is inherently uncertain, based on the information available, advice of counsel and available insurance coverage, management believes that the litigation-related expense of $11.4 million accrued as of March 31, 2014 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 given fiscal period. | |
On August 16, 2011, a shareholder filed a putative derivative action purportedly on behalf of the Company in the Circuit Court of Lee County, Mississippi, against certain current and past executive officers and the members of the Board of Directors of the Company. The plaintiff in this shareholder derivative lawsuit asserts that the individual defendants violated their fiduciary duties by allegedly issuing materially false and misleading statements regarding the Company’s business and financial results. The plaintiff is seeking to recover alleged damages to the Company in an unspecified amount, equitable and/or injunctive relief, and attorney’s fees. A motion to dismiss has been under advisement by the court since early 2013. Although it is not possible to predict the ultimate resolution or financial liability with respect to this 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 May 18, 2010, the Bank was named as a defendant in a class action lawsuit filed by an Arkansas customer of the Bank in the U.S. District Court for the Northern District of Florida. The suit challenges the manner in which overdraft fees were charged and the policies related to posting order of debit card and ATM transactions. The suit also makes a claim under Arkansas’ consumer protection statute. The plaintiff is seeking to recover damages in an unspecified amount and equitable relief. The case was transferred to pending multi-district litigation in the U.S. District Court for the Southern District of Florida wherein an order was entered certifying a class in this case. The consolidated pretrial proceedings in the multi-district litigation court have concluded and the case has been remanded to the U.S. District Court for the Northern District of Florida for further proceedings. There are significant uncertainties involved in any purported class action litigation. Although it is not possible to predict the ultimate resolution or financial liability with respect to this 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. However, there can be no assurance that an adverse outcome or settlement would not have a material adverse effect on the Company’s consolidated results of operations for a given fiscal period. | |
LONGTERM_DEBT
LONG-TERM DEBT | 3 Months Ended |
Mar. 31, 2014 | |
LONG-TERM DEBT [Abstract] | ' |
LONG-TERM DEBT | ' |
NOTE 17 – LONG-TERM DEBT | |
In 2002, the Company issued $128.9 million in 8.15% Junior Subordinated Debt Securities to BancorpSouth Capital Trust I (the “Trust”), a business trust. The Trust used the proceeds from the issuance of five million shares of 8.15% trust preferred securities, $25 face value per share, to acquire the 8.15% Junior Subordinated Debt Securities. Both the Junior Subordinated Debt Securities and the trust preferred securities mature on January 28, 2032, and are callable at the option of the Company. The Company redeemed the Junior Subordinated Debt Securities and the related trust preferred securities at par on August 12, 2013. As a result of the redemption, a pre-tax charge of $2.9 million was recorded during the third quarter of 2013 to write-off unamortized issuance costs. | |
On August 8, 2013, the Company entered into a Credit Agreement with U.S. Bank National Association (“U.S. Bank”) as a lender and administrative agent, and First Tennessee Bank, National Association, as a lender. The Credit Agreement includes an unsecured revolving loan of up to $25.0 million that terminates and the outstanding balance of which is payable in full on August 8, 2015, and an unsecured multi-draw term loan of up to $60.0 million, which commitment terminates on February 28, 2014 and the outstanding balance of which is payable in full on August 8, 2018. The proceeds from the term loan may be used to repurchase trust preferred securities, and the proceeds from the revolving loan may be used for working capital, capital expenditures and other lawful corporate purposes. Borrowings under the Credit Agreement bear interest at a Eurocurrency or base rate plus, in each case, an applicable interest rate margin. | |
The Company had long-term borrowings from U.S. Bank totaling $52.3 million at March 31, 2014 and $48.2 million at December 31, 2013. The Company also had long-term borrowing from FHLB of $33.5 million at both March 31, 2014 and December 31, 2013. | |
LOANS_AND_LEASES_Tables
LOANS AND LEASES (Tables) | 3 Months Ended | ||||||||||||||||||||
Mar. 31, 2014 | |||||||||||||||||||||
LOANS AND LEASES [Abstract] | ' | ||||||||||||||||||||
Gross Loans And Leases By Segment And Class | ' | ||||||||||||||||||||
March 31, | December 31, | ||||||||||||||||||||
2014 | 2013 | 2013 | |||||||||||||||||||
(In thousands) | |||||||||||||||||||||
Commercial and industrial | $ 1,589,234 | $ 1,488,374 | $ 1,538,302 | ||||||||||||||||||
Real estate | |||||||||||||||||||||
Consumer mortgages | 2,047,001 | 1,871,312 | 1,976,073 | ||||||||||||||||||
Home equity | 498,283 | 482,398 | 494,339 | ||||||||||||||||||
Agricultural | 229,602 | 249,467 | 234,576 | ||||||||||||||||||
Commercial and industrial-owner occupied | 1,488,380 | 1,334,974 | 1,473,320 | ||||||||||||||||||
Construction, acquisition and development | 748,027 | 728,092 | 741,458 | ||||||||||||||||||
Commercial real estate | 1,847,983 | 1,739,533 | 1,846,039 | ||||||||||||||||||
Credit cards | 105,988 | 98,803 | 111,328 | ||||||||||||||||||
All other | 549,352 | 621,838 | 578,453 | ||||||||||||||||||
Total | $ 9,103,850 | $ 8,614,791 | $ 8,993,888 | ||||||||||||||||||
Loans And Leases, Net Of Unearned Income By Segment, Class And Geographical Location | ' | ||||||||||||||||||||
Alabama | Greater | Corporate | |||||||||||||||||||
and Florida | Memphis | Texas and | Banking | ||||||||||||||||||
Panhandle | Arkansas* | Mississippi* | Missouri | Area | Tennessee* | Louisiana | and Other | Total | |||||||||||||
(In thousands) | |||||||||||||||||||||
Commercial and industrial | $ 80,620 | $ 188,455 | $ 282,829 | $ 34,165 | $ 23,138 | $ 80,065 | $ 279,379 | $ 612,600 | $ 1,581,251 | ||||||||||||
Real estate | |||||||||||||||||||||
Consumer mortgages | 149,108 | 264,744 | 689,847 | 64,206 | 105,566 | 162,701 | 501,316 | 109,513 | 2,047,001 | ||||||||||||
Home equity | 64,648 | 40,076 | 163,896 | 21,039 | 67,421 | 72,663 | 66,554 | 1,986 | 498,283 | ||||||||||||
Agricultural | 7,797 | 68,685 | 57,168 | 3,471 | 14,492 | 11,611 | 61,959 | 4,419 | 229,602 | ||||||||||||
Commercial and industrial-owner occupied | 173,560 | 167,136 | 479,186 | 65,786 | 92,641 | 89,244 | 293,217 | 127,610 | 1,488,380 | ||||||||||||
Construction, acquisition and development | 100,165 | 66,985 | 193,818 | 22,190 | 77,559 | 103,894 | 149,859 | 33,557 | 748,027 | ||||||||||||
Commercial real estate | 262,639 | 304,695 | 280,466 | 198,179 | 98,039 | 107,520 | 425,729 | 170,716 | 1,847,983 | ||||||||||||
Credit cards | - | - | - | - | - | - | - | 105,988 | 105,988 | ||||||||||||
All other | 30,706 | 54,338 | 136,963 | 2,368 | 38,539 | 37,585 | 78,648 | 142,714 | 521,861 | ||||||||||||
Total | $ 869,243 | $ 1,155,114 | $ 2,284,173 | $ 411,404 | $ 517,395 | $ 665,283 | $ 1,856,661 | $ 1,309,103 | $ 9,068,376 | ||||||||||||
* Excludes the Greater Memphis Area. | |||||||||||||||||||||
Aging Of Loan And Lease Portfolio, Net Of Unearned Income, By Segment And Class | ' | ||||||||||||||||||||
31-Mar-14 | |||||||||||||||||||||
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 | $ 2,233 | $ 479 | $ 894 | $ 3,606 | $ 1,577,645 | $ 1,581,251 | $ 287 | ||||||||||||||
Real estate | |||||||||||||||||||||
Consumer mortgages | 10,727 | 3,575 | 12,308 | 26,610 | 2,020,391 | 2,047,001 | 1,307 | ||||||||||||||
Home equity | 1,514 | 607 | 614 | 2,735 | 495,548 | 498,283 | 12 | ||||||||||||||
Agricultural | 280 | 301 | 269 | 850 | 228,752 | 229,602 | - | ||||||||||||||
Commercial and industrial-owner occupied | 3,298 | 893 | 3,070 | 7,261 | 1,481,119 | 1,488,380 | - | ||||||||||||||
Construction, acquisition and development | 2,062 | 944 | 2,146 | 5,152 | 742,875 | 748,027 | - | ||||||||||||||
Commercial real estate | 5,021 | 1,075 | 2,669 | 8,765 | 1,839,218 | 1,847,983 | - | ||||||||||||||
Credit cards | 412 | 222 | 325 | 959 | 105,029 | 105,988 | 297 | ||||||||||||||
All other | 931 | 152 | 175 | 1,258 | 520,603 | 521,861 | 46 | ||||||||||||||
Total | $ 26,478 | $ 8,248 | $ 22,470 | $ 57,196 | $ 9,011,180 | $ 9,068,376 | $ 1,949 | ||||||||||||||
31-Dec-13 | |||||||||||||||||||||
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 | $ 3,122 | $ 310 | $ 601 | $ 4,033 | $ 1,525,216 | $ 1,529,249 | $ 27 | ||||||||||||||
Real estate | |||||||||||||||||||||
Consumer mortgages | 12,244 | 4,703 | 12,579 | 29,526 | 1,946,547 | 1,976,073 | 888 | ||||||||||||||
Home equity | 1,860 | 869 | 740 | 3,469 | 490,870 | 494,339 | - | ||||||||||||||
Agricultural | 319 | 206 | 883 | 1,408 | 233,168 | 234,576 | - | ||||||||||||||
Commercial and industrial-owner occupied | 4,256 | 1,230 | 4,585 | 10,071 | 1,463,249 | 1,473,320 | - | ||||||||||||||
Construction, acquisition and development | 2,557 | 2,658 | 7,005 | 12,220 | 729,238 | 741,458 | - | ||||||||||||||
Commercial real estate | 5,597 | 321 | 2,539 | 8,457 | 1,837,582 | 1,846,039 | 311 | ||||||||||||||
Credit cards | 455 | 235 | 350 | 1,040 | 110,288 | 111,328 | - | ||||||||||||||
All other | 1,985 | 296 | 264 | 2,545 | 549,088 | 551,633 | - | ||||||||||||||
Total | $ 32,395 | $ 10,828 | $ 29,546 | $ 72,769 | $ 8,885,246 | $ 8,958,015 | $ 1,226 | ||||||||||||||
Loan And Lease Portfolio, Net Of Unearned Income, By Segment, Class And Internally Assigned Grade | ' | ||||||||||||||||||||
31-Mar-14 | |||||||||||||||||||||
Special | |||||||||||||||||||||
Pass | Mention | Substandard | Doubtful | Loss | Impaired (1) | Total | |||||||||||||||
(In thousands) | |||||||||||||||||||||
Commercial and industrial | $ 1,535,172 | $ 13,043 | $ 31,741 | $ - | $ - | $ 1,295 | $ 1,581,251 | ||||||||||||||
Real estate | |||||||||||||||||||||
Consumer mortgages | 1,936,837 | 243 | 104,486 | 310 | - | 5,125 | 2,047,001 | ||||||||||||||
Home equity | 483,746 | 343 | 13,456 | 96 | - | 642 | 498,283 | ||||||||||||||
Agricultural | 210,346 | 563 | 18,257 | - | - | 436 | 229,602 | ||||||||||||||
Commercial and industrial-owner occupied | 1,420,813 | 3,887 | 56,124 | 510 | - | 7,046 | 1,488,380 | ||||||||||||||
Construction, acquisition and development | 697,094 | 1,556 | 40,713 | 768 | - | 7,896 | 748,027 | ||||||||||||||
Commercial real estate | 1,757,573 | - | 71,374 | 198 | - | 18,838 | 1,847,983 | ||||||||||||||
Credit cards | 105,988 | - | - | - | - | - | 105,988 | ||||||||||||||
All other | 509,729 | 68 | 11,876 | - | - | 188 | 521,861 | ||||||||||||||
Total | $ 8,657,298 | $ 19,703 | $ 348,027 | $ 1,882 | $ - | $ 41,466 | $ 9,068,376 | ||||||||||||||
31-Dec-13 | |||||||||||||||||||||
Special | |||||||||||||||||||||
Pass | Mention | Substandard | Doubtful | Loss | Impaired (1) | Total | |||||||||||||||
(In thousands) | |||||||||||||||||||||
Commercial and industrial | $ 1,495,972 | $ 978 | $ 30,886 | $ 99 | $ - | $ 1,314 | $ 1,529,249 | ||||||||||||||
Real estate | |||||||||||||||||||||
Consumer mortgages | 1,859,094 | 1,531 | 108,615 | 427 | - | 6,406 | 1,976,073 | ||||||||||||||
Home equity | 478,283 | 250 | 14,570 | 96 | - | 1,140 | 494,339 | ||||||||||||||
Agricultural | 214,728 | 779 | 18,187 | - | - | 882 | 234,576 | ||||||||||||||
Commercial and industrial-owner occupied | 1,409,757 | 116 | 50,853 | 849 | - | 11,745 | 1,473,320 | ||||||||||||||
Construction, acquisition and development | 674,299 | 1,459 | 49,401 | 587 | - | 15,712 | 741,458 | ||||||||||||||
Commercial real estate | 1,751,553 | 386 | 76,199 | 420 | - | 17,481 | 1,846,039 | ||||||||||||||
Credit cards | 111,328 | - | - | - | - | - | 111,328 | ||||||||||||||
All other | 538,467 | 71 | 12,832 | - | - | 263 | 551,633 | ||||||||||||||
Total | $ 8,533,481 | $ 5,570 | $ 361,543 | $ 2,478 | $ - | $ 54,943 | $ 8,958,015 | ||||||||||||||
(1) Impaired loans are shown exclusive of accruing troubled debt restructurings ("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, by segment and class as of and for the three months ended March 31, 2014 and as of and for the year ended December 31, 2013: | |||||||||||||||||||||
31-Mar-14 | |||||||||||||||||||||
Unpaid | |||||||||||||||||||||
Recorded | Principal | Related | |||||||||||||||||||
Investment | Balance of | Allowance | Average | Interest | |||||||||||||||||
in Impaired | Impaired | for Credit | Recorded | Income | |||||||||||||||||
Loans | Loans | Losses | Investment | Recognized | |||||||||||||||||
(In thousands) | |||||||||||||||||||||
With no related allowance: | |||||||||||||||||||||
Commercial and industrial | $ 1,295 | $ 1,295 | $ - | $ 1,301 | $ 11 | ||||||||||||||||
Real estate: | |||||||||||||||||||||
Consumer mortgage | 4,527 | 5,057 | - | 5,239 | 22 | ||||||||||||||||
Home equity | 219 | 219 | - | 220 | 2 | ||||||||||||||||
Agricultural | 436 | 743 | - | 566 | 1 | ||||||||||||||||
Commercial and industrial-owner occupied | 6,582 | 8,441 | - | 7,227 | 14 | ||||||||||||||||
Construction, acquisition and development | 7,896 | 10,040 | - | 8,878 | 20 | ||||||||||||||||
Commercial real estate | 15,034 | 24,240 | - | 14,501 | 34 | ||||||||||||||||
All other | 188 | 332 | - | 214 | 2 | ||||||||||||||||
Total | $ 36,177 | $ 50,367 | $ - | $ 38,146 | $ 106 | ||||||||||||||||
With an allowance: | |||||||||||||||||||||
Commercial and industrial | $ - | $ - | $ - | $ - | $ - | ||||||||||||||||
Real estate: | |||||||||||||||||||||
Consumer mortgage | 598 | 598 | 231 | 1,152 | 5 | ||||||||||||||||
Home equity | 423 | 423 | 25 | - | - | ||||||||||||||||
Agricultural | - | - | - | 162 | - | ||||||||||||||||
Commercial and industrial-owner occupied | 464 | 464 | 214 | 1,202 | 2 | ||||||||||||||||
Construction, acquisition and development | - | - | - | 1,370 | - | ||||||||||||||||
Commercial real estate | 3,804 | 3,804 | 1,118 | 4,830 | 20 | ||||||||||||||||
All other | - | - | - | 21 | - | ||||||||||||||||
Total | $ 5,289 | $ 5,289 | $ 1,588 | $ 8,737 | $ 27 | ||||||||||||||||
Total: | |||||||||||||||||||||
Commercial and industrial | $ 1,295 | $ 1,295 | $ - | $ 1,301 | $ 11 | ||||||||||||||||
Real estate: | |||||||||||||||||||||
Consumer mortgage | 5,125 | 5,655 | 231 | 6,391 | 27 | ||||||||||||||||
Home equity | 642 | 642 | 25 | 220 | 2 | ||||||||||||||||
Agricultural | 436 | 743 | - | 728 | 1 | ||||||||||||||||
Commercial and industrial-owner occupied | 7,046 | 8,905 | 214 | 8,429 | 16 | ||||||||||||||||
Construction, acquisition and development | 7,896 | 10,040 | - | 10,248 | 20 | ||||||||||||||||
Commercial real estate | 18,838 | 28,044 | 1,118 | 19,331 | 54 | ||||||||||||||||
All other | 188 | 332 | - | 235 | 2 | ||||||||||||||||
Total | $ 41,466 | $ 55,656 | $ 1,588 | $ 46,883 | $ 133 | ||||||||||||||||
31-Dec-13 | |||||||||||||||||||||
Unpaid | |||||||||||||||||||||
Recorded | Principal | Related | |||||||||||||||||||
Investment | Balance of | Allowance | Average | Interest | |||||||||||||||||
in Impaired | Impaired | for Credit | Recorded | Income | |||||||||||||||||
Loans | Loans | Losses | Investment | Recognized | |||||||||||||||||
(In thousands) | |||||||||||||||||||||
With no related allowance: | |||||||||||||||||||||
Commercial and industrial | $ 1,314 | $ 1,314 | $ - | $ 2,578 | $ 16 | ||||||||||||||||
Real estate: | |||||||||||||||||||||
Consumer mortgages | 5,744 | 6,591 | - | 8,943 | 54 | ||||||||||||||||
Home equity | 712 | 712 | - | 933 | 5 | ||||||||||||||||
Agricultural | 882 | 1,472 | - | 3,286 | 4 | ||||||||||||||||
Commercial and industrial-owner occupied | 9,938 | 12,681 | - | 8,150 | 76 | ||||||||||||||||
Construction, acquisition and development | 11,549 | 13,497 | - | 25,877 | 103 | ||||||||||||||||
Commercial real estate | 13,562 | 23,233 | - | 24,185 | 173 | ||||||||||||||||
All other | 263 | 405 | - | 655 | 6 | ||||||||||||||||
Total | $ 43,964 | $ 59,905 | $ - | $ 74,607 | $ 437 | ||||||||||||||||
With an allowance: | |||||||||||||||||||||
Commercial and industrial | $ - | $ - | $ 305 | $ 590 | $ - | ||||||||||||||||
Real estate: | |||||||||||||||||||||
Consumer mortgages | 662 | 662 | 309 | 3,417 | 31 | ||||||||||||||||
Home equity | 428 | 428 | 37 | 444 | 3 | ||||||||||||||||
Agricultural | - | - | 15 | 402 | 2 | ||||||||||||||||
Commercial and industrial-owner occupied | 1,807 | 1,807 | 739 | 4,735 | 54 | ||||||||||||||||
Construction, acquisition and development | 4,163 | 5,393 | 1,599 | 7,989 | 67 | ||||||||||||||||
Commercial real estate | 3,919 | 3,919 | 1,138 | 11,280 | 51 | ||||||||||||||||
All other | - | - | 4 | - | - | ||||||||||||||||
Total | $ 10,979 | $ 12,209 | $ 4,146 | $ 28,857 | $ 208 | ||||||||||||||||
Total: | |||||||||||||||||||||
Commercial and industrial | $ 1,314 | $ 1,314 | $ 305 | $ 3,168 | $ 16 | ||||||||||||||||
Real estate: | |||||||||||||||||||||
Consumer mortgages | 6,406 | 7,253 | 309 | 12,360 | 85 | ||||||||||||||||
Home equity | 1,140 | 1,140 | 37 | 1,377 | 8 | ||||||||||||||||
Agricultural | 882 | 1,472 | 15 | 3,688 | 6 | ||||||||||||||||
Commercial and industrial-owner occupied | 11,745 | 14,488 | 739 | 12,885 | 130 | ||||||||||||||||
Construction, acquisition and development | 15,712 | 18,890 | 1,599 | 33,866 | 170 | ||||||||||||||||
Commercial real estate | 17,481 | 27,152 | 1,138 | 35,465 | 224 | ||||||||||||||||
All other | 263 | 405 | 4 | 655 | 6 | ||||||||||||||||
Total | $ 54,943 | $ 72,114 | $ 4,146 | $ 103,464 | $ 645 | ||||||||||||||||
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 ended March 31, 2014 and as of and for the year ended December 31, 2013: | |||||||||||||||||||||
31-Mar-14 | |||||||||||||||||||||
Unpaid | |||||||||||||||||||||
Recorded | Principal | Related | |||||||||||||||||||
Investment | Balance of | Allowance | Average | Interest | |||||||||||||||||
in Impaired | Impaired | for Credit | Recorded | Income | |||||||||||||||||
Loans | Loans | Losses | Investment | Recognized | |||||||||||||||||
(In thousands) | |||||||||||||||||||||
With no related allowance: | |||||||||||||||||||||
Commercial and industrial | $ 1,295 | $ 1,295 | $ - | $ 1,301 | $ 11 | ||||||||||||||||
Real estate: | |||||||||||||||||||||
Consumer mortgage | 4,527 | 5,057 | - | 5,239 | 22 | ||||||||||||||||
Home equity | 219 | 219 | - | 220 | 2 | ||||||||||||||||
Agricultural | 436 | 743 | - | 566 | 1 | ||||||||||||||||
Commercial and industrial-owner occupied | 6,582 | 8,441 | - | 7,227 | 14 | ||||||||||||||||
Construction, acquisition and development | 7,896 | 10,040 | - | 8,878 | 20 | ||||||||||||||||
Commercial real estate | 15,034 | 24,240 | - | 14,501 | 34 | ||||||||||||||||
All other | 188 | 332 | - | 214 | 2 | ||||||||||||||||
Total | $ 36,177 | $ 50,367 | $ - | $ 38,146 | $ 106 | ||||||||||||||||
With an allowance: | |||||||||||||||||||||
Commercial and industrial | $ 1,528 | $ 1,529 | $ 31 | $ 1,411 | $ 16 | ||||||||||||||||
Real estate: | |||||||||||||||||||||
Consumer mortgage | 4,426 | 4,724 | 803 | 3,919 | 28 | ||||||||||||||||
Home equity | 453 | 453 | 25 | 19 | - | ||||||||||||||||
Agricultural | 625 | 638 | 36 | 787 | 6 | ||||||||||||||||
Commercial and industrial-owner occupied | 7,620 | 7,622 | 613 | 7,844 | 70 | ||||||||||||||||
Construction, acquisition and development | 1,887 | 2,386 | 294 | 3,309 | 20 | ||||||||||||||||
Commercial real estate | 6,139 | 6,353 | 1,582 | 7,881 | 56 | ||||||||||||||||
Credit card | 1,411 | 1,411 | 33 | 1,525 | 153 | ||||||||||||||||
All other | 93 | 103 | 11 | 101 | 2 | ||||||||||||||||
Total | $ 24,182 | $ 25,219 | $ 3,428 | $ 26,796 | $ 351 | ||||||||||||||||
Total: | |||||||||||||||||||||
Commercial and industrial | $ 2,823 | $ 2,824 | $ 31 | $ 2,712 | $ 27 | ||||||||||||||||
Real estate: | |||||||||||||||||||||
Consumer mortgage | 8,953 | 9,781 | 803 | 9,158 | 50 | ||||||||||||||||
Home equity | 672 | 672 | 25 | 239 | 2 | ||||||||||||||||
Agricultural | 1,061 | 1,381 | 36 | 1,353 | 7 | ||||||||||||||||
Commercial and industrial-owner occupied | 14,202 | 16,063 | 613 | 15,071 | 84 | ||||||||||||||||
Construction, acquisition and development | 9,783 | 12,426 | 294 | 12,187 | 40 | ||||||||||||||||
Commercial real estate | 21,173 | 30,593 | 1,582 | 22,382 | 90 | ||||||||||||||||
Credit card | 1,411 | 1,411 | 33 | 1,525 | 153 | ||||||||||||||||
All other | 281 | 435 | 11 | 315 | 4 | ||||||||||||||||
Total | $ 60,359 | $ 75,586 | $ 3,428 | $ 64,942 | $ 457 | ||||||||||||||||
31-Dec-13 | |||||||||||||||||||||
Unpaid | |||||||||||||||||||||
Recorded | Principal | Related | |||||||||||||||||||
Investment | Balance of | Allowance | Average | Interest | |||||||||||||||||
in Impaired | Impaired | for Credit | Recorded | Income | |||||||||||||||||
Loans | Loans | Losses | Investment | Recognized | |||||||||||||||||
(In thousands) | |||||||||||||||||||||
With no related allowance: | |||||||||||||||||||||
Commercial and industrial | $ 1,314 | $ 1,314 | $ - | $ 2,579 | $ 16 | ||||||||||||||||
Real estate: | |||||||||||||||||||||
Consumer mortgages | 5,744 | 6,591 | - | 8,943 | 54 | ||||||||||||||||
Home equity | 712 | 712 | - | 933 | 5 | ||||||||||||||||
Agricultural | 882 | 1,472 | - | 3,286 | 4 | ||||||||||||||||
Commercial and industrial-owner occupied | 9,938 | 12,681 | - | 8,150 | 76 | ||||||||||||||||
Construction, acquisition and development | 11,549 | 13,497 | - | 25,877 | 103 | ||||||||||||||||
Commercial real estate | 13,562 | 23,233 | - | 24,185 | 173 | ||||||||||||||||
All other | 263 | 405 | - | 655 | 6 | ||||||||||||||||
Total | $ 43,964 | $ 59,905 | $ - | $ 74,608 | $ 437 | ||||||||||||||||
With an allowance: | |||||||||||||||||||||
Commercial and industrial | $ 937 | $ 937 | $ 415 | $ 975 | $ 14 | ||||||||||||||||
Real estate: | |||||||||||||||||||||
Consumer mortgages | 4,151 | 4,378 | 771 | 6,921 | 164 | ||||||||||||||||
Home equity | 438 | 438 | - | 444 | 2 | ||||||||||||||||
Agricultural | 625 | 639 | 43 | 871 | 21 | ||||||||||||||||
Commercial and industrial-owner occupied | 9,590 | 9,997 | 1,371 | 11,895 | 350 | ||||||||||||||||
Construction, acquisition and development | 10,897 | 13,933 | 1,554 | 15,181 | 320 | ||||||||||||||||
Commercial real estate | 12,619 | 12,887 | 1,604 | 15,140 | 224 | ||||||||||||||||
Credit cards | 1,639 | 1,639 | 51 | 2,018 | 202 | ||||||||||||||||
All other | 1,307 | 1,310 | 198 | 646 | 24 | ||||||||||||||||
Total | $ 42,203 | $ 46,158 | $ 6,007 | $ 54,091 | $ 1,321 | ||||||||||||||||
Total: | |||||||||||||||||||||
Commercial and industrial | $ 2,251 | $ 2,251 | $ 415 | $ 3,554 | $ 30 | ||||||||||||||||
Real estate: | |||||||||||||||||||||
Consumer mortgages | 9,895 | $ 10,969 | $ 771 | $ 15,864 | $ 218 | ||||||||||||||||
Home equity | 1,150 | $ 1,150 | $ - | $ 1,377 | $ 7 | ||||||||||||||||
Agricultural | 1,507 | $ 2,111 | $ 43 | $ 4,157 | $ 25 | ||||||||||||||||
Commercial and industrial-owner occupied | 19,528 | $ 22,678 | $ 1,371 | $ 20,045 | $ 426 | ||||||||||||||||
Construction, acquisition and development | 22,446 | $ 27,430 | $ 1,554 | $ 41,058 | $ 423 | ||||||||||||||||
Commercial real estate | 26,181 | $ 36,120 | $ 1,604 | $ 39,325 | $ 397 | ||||||||||||||||
Credit cards | 1,639 | 1,639 | 51 | 2,018 | 202 | ||||||||||||||||
All other | 1,570 | 1,715 | 198 | 1,301 | 30 | ||||||||||||||||
Total | $ 86,167 | $ 106,063 | $ 6,007 | $ 128,699 | $ 1,758 | ||||||||||||||||
Non-Performing Loans And Leases | ' | ||||||||||||||||||||
March 31, | December 31, | ||||||||||||||||||||
2014 | 2013 | 2013 | |||||||||||||||||||
(In thousands) | |||||||||||||||||||||
Non-accrual loans and leases | $ 77,531 | $ 188,190 | $ 92,173 | ||||||||||||||||||
Loans and leases 90 days or more past due, still accruing | 1,949 | 1,125 | 1,226 | ||||||||||||||||||
Restructured loans and leases still accruing | 13,776 | 17,702 | 27,007 | ||||||||||||||||||
Total non-performing loans and leases | $ 93,256 | $ 207,017 | $ 120,406 | ||||||||||||||||||
Nonaccrual Loans And Leases By Segment And Class | ' | ||||||||||||||||||||
March 31, | December 31, | ||||||||||||||||||||
2014 | 2013 | 2013 | |||||||||||||||||||
(In thousands) | |||||||||||||||||||||
Commercial and industrial | $ 3,023 | $ 7,009 | $ 3,079 | ||||||||||||||||||
Real estate | |||||||||||||||||||||
Consumer mortgages | 24,353 | 39,012 | 25,645 | ||||||||||||||||||
Home equity | 2,740 | 4,272 | 3,695 | ||||||||||||||||||
Agricultural | 651 | 6,667 | 1,260 | ||||||||||||||||||
Commercial and industrial-owner occupied | 14,122 | 20,719 | 18,568 | ||||||||||||||||||
Construction, acquisition and development | 9,968 | 51,728 | 17,567 | ||||||||||||||||||
Commercial real estate | 21,496 | 55,318 | 20,972 | ||||||||||||||||||
Credit cards | 168 | 418 | 119 | ||||||||||||||||||
All other | 1,010 | 3,047 | 1,268 | ||||||||||||||||||
Total | $ 77,531 | $ 188,190 | $ 92,173 | ||||||||||||||||||
Troubled Debt Restructurings | ' | ||||||||||||||||||||
Three months ended March 31, 2014 | |||||||||||||||||||||
Pre-Modification | Post-Modification | ||||||||||||||||||||
Number | Outstanding | Outstanding | |||||||||||||||||||
of | Recorded | Recorded | |||||||||||||||||||
Contracts | Investment | Investment | |||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||
Commercial and industrial | 5 | $ 613 | $ 613 | ||||||||||||||||||
Real estate | |||||||||||||||||||||
Consumer mortgages | 10 | 2,623 | 2,098 | ||||||||||||||||||
Home equity | 2 | 31 | 30 | ||||||||||||||||||
Commercial and industrial-owner occupied | 7 | 1,997 | 1,704 | ||||||||||||||||||
Construction, acquisition and development | 1 | 878 | 878 | ||||||||||||||||||
Commercial real estate | 4 | 875 | 876 | ||||||||||||||||||
All other | 6 | 52 | 51 | ||||||||||||||||||
Total | 35 | $ 7,069 | $ 6,250 | ||||||||||||||||||
Year ended December 31, 2013 | |||||||||||||||||||||
Pre-Modification | Post-Modification | ||||||||||||||||||||
Number | Outstanding | Outstanding | |||||||||||||||||||
of | Recorded | Recorded | |||||||||||||||||||
Contracts | Investment | Investment | |||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||
Commercial and industrial | 3 | $ 919 | $ 919 | ||||||||||||||||||
Real estate | |||||||||||||||||||||
Consumer mortgages | 23 | 1,843 | 1,840 | ||||||||||||||||||
Home equity | 2 | 25 | 10 | ||||||||||||||||||
Commercial and industrial-owner occupied | 8 | 3,821 | 3,815 | ||||||||||||||||||
Construction, acquisition and development | 15 | 3,071 | 2,826 | ||||||||||||||||||
Commercial real estate | 4 | 1,574 | 1,570 | ||||||||||||||||||
All other | 5 | 1,160 | 1,160 | ||||||||||||||||||
Total | 60 | $ 12,413 | $ 12,140 | ||||||||||||||||||
Troubled Debt Restructurings For Which There Was A Payment Default During The Period | ' | ||||||||||||||||||||
Three months ended March 31, 2014 | |||||||||||||||||||||
Number of | Recorded | ||||||||||||||||||||
Contracts | Investment | ||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||
Real estate | |||||||||||||||||||||
Consumer mortgages | 2 | $ 81 | |||||||||||||||||||
Construction, acquisition and development | 2 | 280 | |||||||||||||||||||
Total | 4 | $ 361 | |||||||||||||||||||
Year ended December 31, 2013 | |||||||||||||||||||||
Number of | Recorded | ||||||||||||||||||||
Contracts | Investment | ||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||
Commercial and industrial | 3 | $ 129 | |||||||||||||||||||
Real estate | |||||||||||||||||||||
Consumer mortgages | 9 | 823 | |||||||||||||||||||
Commercial and industrial-owner occupied | 6 | 877 | |||||||||||||||||||
Construction, acquisition and development | 3 | 1,874 | |||||||||||||||||||
Commercial real estate | 4 | 3,625 | |||||||||||||||||||
All other | 1 | 1 | |||||||||||||||||||
Total | 26 | $ 7,329 | |||||||||||||||||||
ALLOWANCE_FOR_CREDIT_LOSSES_Ta
ALLOWANCE FOR CREDIT LOSSES (Tables) | 3 Months Ended | |||||||||||
Mar. 31, 2014 | ||||||||||||
ALLOWANCE FOR CREDIT LOSSES [Abstract] | ' | |||||||||||
Changes In The Allowance For Credit Losses By Segment And Class | ' | |||||||||||
Three months ended | ||||||||||||
31-Mar-14 | ||||||||||||
Balance, | Balance, | |||||||||||
Beginning of | End of | |||||||||||
Period | Charge-offs | Recoveries | Provision | Period | ||||||||
(In thousands) | ||||||||||||
Commercial and industrial | $ 18,376 | $ (201) | $ 1,076 | $ (337) | $ 18,914 | |||||||
Real estate | ||||||||||||
Consumer mortgages | 39,525 | -1,945 | 538 | 210 | 38,328 | |||||||
Home equity | 5,663 | -318 | 184 | 183 | 5,712 | |||||||
Agricultural | 2,800 | -696 | 9 | 721 | 2,834 | |||||||
Commercial and industrial-owner occupied | 17,059 | -1,206 | 358 | 350 | 16,561 | |||||||
Construction, acquisition and development | 11,828 | -1,666 | 1,637 | -1,479 | 10,320 | |||||||
Commercial real estate | 43,853 | -901 | 323 | 1,496 | 44,771 | |||||||
Credit cards | 3,782 | -559 | 131 | -868 | 2,486 | |||||||
All other | 10,350 | -583 | 287 | -276 | 9,778 | |||||||
Total | $ 153,236 | $ (8,075) | $ 4,543 | $ - | $ 149,704 | |||||||
Year ended | ||||||||||||
31-Dec-13 | ||||||||||||
Balance, | Balance, | |||||||||||
Beginning of | End of | |||||||||||
Period | Charge-offs | Recoveries | Provision | Period | ||||||||
(In thousands) | ||||||||||||
Commercial and industrial | $ 23,286 | $ (4,672) | $ 3,517 | $ (3,755) | $ 18,376 | |||||||
Real estate | ||||||||||||
Consumer mortgages | 35,966 | -9,159 | 5,067 | 7,651 | 39,525 | |||||||
Home equity | 6,005 | -1,469 | 607 | 520 | 5,663 | |||||||
Agricultural | 3,301 | -736 | 215 | 20 | 2,800 | |||||||
Commercial and industrial-owner occupied | 20,178 | -3,855 | 2,724 | -1,988 | 17,059 | |||||||
Construction, acquisition and development | 21,905 | -6,745 | 4,682 | -8,014 | 11,828 | |||||||
Commercial real estate | 40,081 | -10,341 | 4,978 | 9,135 | 43,853 | |||||||
Credit cards | 3,611 | -2,316 | 629 | 1,858 | 3,782 | |||||||
All other | 10,133 | -2,899 | 1,043 | 2,073 | 10,350 | |||||||
Total | $ 164,466 | $ (42,192) | $ 23,462 | $ 7,500 | $ 153,236 | |||||||
Three months ended | ||||||||||||
31-Mar-13 | ||||||||||||
Balance, | Balance, | |||||||||||
Beginning of | End of | |||||||||||
Period | Charge-offs | Recoveries | Provision | Period | ||||||||
(In thousands) | ||||||||||||
Commercial and industrial | $ 23,286 | $ (1,938) | $ 589 | $ 1,118 | $ 23,055 | |||||||
Real estate | ||||||||||||
Consumer mortgage | 35,966 | -1,614 | 1,108 | 198 | 35,658 | |||||||
Home equity | 6,005 | -602 | 260 | 421 | 6,084 | |||||||
Agricultural | 3,301 | -2 | 13 | 408 | 3,720 | |||||||
Commercial and industrial-owner occupied | 20,178 | -300 | 254 | 251 | 20,383 | |||||||
Construction, acquisition and development | 21,905 | -1,198 | 886 | 2,189 | 23,782 | |||||||
Commercial real estate | 40,081 | -3,141 | 339 | -1,304 | 35,975 | |||||||
Credit cards | 3,611 | -450 | 148 | 90 | 3,399 | |||||||
All other | 10,133 | -492 | 275 | 629 | 10,545 | |||||||
Total | $ 164,466 | $ (9,737) | $ 3,872 | $ 4,000 | $ 162,601 | |||||||
Allowance For Credit Losses By Segment, Class And Impairment Status | ' | |||||||||||
31-Mar-14 | ||||||||||||
Recorded | Allowance for | Allowance for | ||||||||||
Balance of | Impaired Loans | All Other Loans | Total | |||||||||
Impaired Loans | and Leases | and Leases | Allowance | |||||||||
(In thousands) | ||||||||||||
Commercial and industrial | $ 1,295 | $ - | $ 18,914 | $ 18,914 | ||||||||
Real estate | ||||||||||||
Consumer mortgages | 5,125 | 231 | 38,097 | 38,328 | ||||||||
Home equity | 642 | 25 | 5,687 | 5,712 | ||||||||
Agricultural | 436 | - | 2,834 | 2,834 | ||||||||
Commercial and industrial-owner occupied | 7,046 | 214 | 16,347 | 16,561 | ||||||||
Construction, acquisition and development | 7,896 | - | 10,320 | 10,320 | ||||||||
Commercial real estate | 18,838 | 1,118 | 43,653 | 44,771 | ||||||||
Credit cards | - | - | 2,486 | 2,486 | ||||||||
All other | 188 | - | 9,778 | 9,778 | ||||||||
Total | $ 41,466 | $ 1,588 | $ 148,116 | $ 149,704 | ||||||||
31-Dec-13 | ||||||||||||
Recorded | Allowance for | Allowance for | ||||||||||
Balance of | Impaired Loans | All Other Loans | Total | |||||||||
Impaired Loans | and Leases | and Leases | Allowance | |||||||||
(In thousands) | ||||||||||||
Commercial and industrial | $ 1,314 | $ 305 | $ 18,071 | $ 18,376 | ||||||||
Real estate | ||||||||||||
Consumer mortgages | 6,406 | 309 | 39,216 | 39,525 | ||||||||
Home equity | 1,140 | 37 | 5,626 | 5,663 | ||||||||
Agricultural | 882 | 15 | 2,785 | 2,800 | ||||||||
Commercial and industrial-owner occupied | 11,745 | 739 | 16,320 | 17,059 | ||||||||
Construction, acquisition and development | 15,712 | 1,599 | 10,229 | 11,828 | ||||||||
Commercial real estate | 17,481 | 1,138 | 42,715 | 43,853 | ||||||||
Credit cards | - | - | 3,782 | 3,782 | ||||||||
All other | 263 | 4 | 10,346 | 10,350 | ||||||||
Total | $ 54,943 | $ 4,146 | $ 149,090 | $ 153,236 | ||||||||
OTHER_REAL_ESTATE_OWNED_Tables
OTHER REAL ESTATE OWNED (Tables) | 3 Months Ended | ||||||||||||||||||
Mar. 31, 2014 | |||||||||||||||||||
OTHER REAL ESTATE OWNED [Abstract] | ' | ||||||||||||||||||
Activity In Other Real Estate Owned | ' | ||||||||||||||||||
Three months ended | Year ended | ||||||||||||||||||
March 31, | December 31, | ||||||||||||||||||
2014 | 2013 | 2013 | |||||||||||||||||
(In thousands) | |||||||||||||||||||
Balance at beginning of period | $ 69,338 | $ 103,248 | $ 103,248 | ||||||||||||||||
Additions to foreclosed properties | |||||||||||||||||||
New foreclosed properties | 4,855 | 2,222 | 29,265 | ||||||||||||||||
Reductions in foreclosed properties | |||||||||||||||||||
Sales | -8,767 | -7,811 | -57,057 | ||||||||||||||||
Writedowns | -1,831 | -1,345 | -6,118 | ||||||||||||||||
Balance at end of period | $ 63,595 | $ 96,314 | $ 69,338 | ||||||||||||||||
Other Real Estate Owned By Geographical Location, Segment And Class | ' | ||||||||||||||||||
31-Mar-14 | |||||||||||||||||||
Alabama | Greater | ||||||||||||||||||
and Florida | Memphis | Texas and | |||||||||||||||||
Panhandle | Arkansas* | Mississippi* | Missouri | Area | Tennessee* | Louisiana | Other | Total | |||||||||||
(In thousands) | |||||||||||||||||||
Commercial and industrial | $ 84 | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ 84 | ||||||||||
Real estate | |||||||||||||||||||
Consumer mortgages | 822 | 232 | 2,465 | 62 | 68 | 199 | 5 | - | 3,853 | ||||||||||
Home equity | 442 | - | 556 | - | - | - | - | - | 998 | ||||||||||
Agricultural | 907 | - | 216 | - | 1,083 | - | - | - | 2,206 | ||||||||||
Commercial and industrial-owner occupied | 33 | 33 | 1,703 | - | 827 | 25 | 105 | - | 2,726 | ||||||||||
Construction, acquisition and development | 15,035 | 94 | 10,853 | 861 | 20,114 | 3,871 | 257 | - | 51,085 | ||||||||||
Commercial real estate | 352 | 316 | 568 | - | 1,036 | - | 106 | - | 2,378 | ||||||||||
All other | - | - | 85 | - | - | - | 147 | 33 | 265 | ||||||||||
Total | $ 17,675 | $ 675 | $ 16,446 | $ 923 | $ | $ 4,095 | $ 620 | $ 33 | $ 63,595 | ||||||||||
23,128 | |||||||||||||||||||
* Excludes the Greater Memphis Area. | |||||||||||||||||||
31-Dec-13 | |||||||||||||||||||
Alabama | Greater | ||||||||||||||||||
and Florida | Memphis | Texas and | |||||||||||||||||
Panhandle | Arkansas* | Mississippi* | Missouri | Area | Tennessee* | Louisiana | Other | Total | |||||||||||
(In thousands) | |||||||||||||||||||
Commercial and industrial | $ 223 | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ 223 | ||||||||||
Real estate | |||||||||||||||||||
Consumer mortgages | 1,613 | 309 | 1,532 | 33 | 132 | 210 | - | 108 | 3,937 | ||||||||||
Home equity | 442 | - | - | - | - | - | - | - | 442 | ||||||||||
Agricultural | 907 | - | 216 | - | 1,084 | 930 | - | - | 3,137 | ||||||||||
Commercial and industrial-owner occupied | 33 | 32 | 1,002 | - | 449 | 25 | 105 | - | 1,646 | ||||||||||
Construction, acquisition and development | 15,667 | 631 | 11,631 | 1,059 | 22,696 | 5,174 | 257 | 158 | 57,273 | ||||||||||
Commercial real estate | 353 | 316 | 569 | - | 980 | - | 140 | - | 2,358 | ||||||||||
All other | 84 | 1 | 82 | - | 28 | - | 94 | 33 | 322 | ||||||||||
Total | $ 19,322 | $ 1,289 | $ 15,032 | $ 1,092 | $ | $ 6,339 | $ 596 | $ 299 | $ 69,338 | ||||||||||
25,369 | |||||||||||||||||||
* Excludes the Greater Memphis Area. | |||||||||||||||||||
31-Mar-13 | |||||||||||||||||||
Alabama | Greater | ||||||||||||||||||
and Florida | Memphis | Texas and | |||||||||||||||||
Panhandle | Arkansas* | Mississippi* | Missouri | Area | Tennessee* | Louisiana | Other | Total | |||||||||||
(In thousands) | |||||||||||||||||||
Commercial and industrial | $ 241 | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ 241 | ||||||||||
Real estate | |||||||||||||||||||
Consumer mortgages | 1,114 | 734 | 2,653 | - | 756 | 716 | 625 | - | 6,598 | ||||||||||
Home equity | - | - | 44 | - | - | - | - | - | 44 | ||||||||||
Agricultural | 870 | - | - | - | 1,106 | 2,204 | 174 | - | 4,354 | ||||||||||
Commercial and industrial-owner occupied | 157 | 101 | 1,139 | - | 2,638 | 67 | 148 | - | 4,250 | ||||||||||
Construction, acquisition and development | 13,605 | 1,167 | 14,586 | 431 | 35,939 | 8,682 | 1,874 | 455 | 76,739 | ||||||||||
Commercial real estate | 356 | 1,410 | 4 | - | 833 | 144 | 134 | - | 2,881 | ||||||||||
All other | 47 | 11 | 64 | 94 | 748 | 13 | 91 | 139 | 1,207 | ||||||||||
Total | $ 16,390 | $ 3,423 | $ 18,490 | $ 525 | $ 42,020 | $ 11,826 | $ 3,046 | $ 594 | $ 96,314 | ||||||||||
* Excludes the Greater Memphis Area. | |||||||||||||||||||
SECURITIES_Tables
SECURITIES (Tables) | 3 Months Ended | |||||||||||
Mar. 31, 2014 | ||||||||||||
SECURITIES [Abstract] | ' | |||||||||||
Amortized Cost And Estimated Fair Values Of Available-For-Sale Securities | ' | |||||||||||
31-Mar-14 | ||||||||||||
Gross | Gross | Estimated | ||||||||||
Amortized | Unrealized | Unrealized | Fair | |||||||||
Cost | Gains | Losses | Value | |||||||||
(In thousands) | ||||||||||||
U.S. Government agencies | $ 1,416,273 | $ 7,899 | $ 4,903 | $ 1,419,269 | ||||||||
Government agency issued residential | ||||||||||||
mortgage-backed securities | 238,887 | 3,898 | 1,189 | 241,596 | ||||||||
Government agency issued commercial | ||||||||||||
mortgage-backed securities | 240,619 | 1,866 | 8,426 | 234,059 | ||||||||
Obligations of states and political subdivisions | 505,586 | 19,051 | 826 | 523,811 | ||||||||
Other | 6,947 | 1,076 | - | 8,023 | ||||||||
Total | $ 2,408,312 | $ 33,790 | $ 15,344 | $ 2,426,758 | ||||||||
31-Dec-13 | ||||||||||||
Gross | Gross | Estimated | ||||||||||
Amortized | Unrealized | Unrealized | Fair | |||||||||
Cost | Gains | Losses | Value | |||||||||
(In thousands) | ||||||||||||
U.S. Government agencies | $ 1,455,417 | $ 9,065 | $ 6,133 | $ 1,458,349 | ||||||||
Government agency issued residential | ||||||||||||
mortgage-backed securities | 249,682 | 3,118 | 2,566 | 250,234 | ||||||||
Government agency issued commercial | ||||||||||||
mortgage-backed securities | 239,313 | 1,773 | 10,174 | 230,912 | ||||||||
Obligations of states and political subdivisions | 509,255 | 12,883 | 2,733 | 519,405 | ||||||||
Other | 6,941 | 1,148 | - | 8,089 | ||||||||
Total | $ 2,460,608 | $ 27,987 | $ 21,606 | $ 2,466,989 | ||||||||
31-Mar-13 | ||||||||||||
Gross | Gross | Estimated | ||||||||||
Amortized | Unrealized | Unrealized | Fair | |||||||||
Cost | Gains | Losses | Value | |||||||||
(In thousands) | ||||||||||||
U.S. Government agencies | $ 1,498,886 | $ 18,841 | $ 2 | $ 1,517,725 | ||||||||
Government agency issued residential | ||||||||||||
mortgage-backed securities | 327,586 | $ 7,230 | $ 266 | 334,550 | ||||||||
Government agency issued commercial | ||||||||||||
mortgage-backed securities | 192,912 | 3,974 | 427 | 196,459 | ||||||||
Obligations of states and political subdivisions | 521,255 | 29,318 | 98 | 550,475 | ||||||||
Other | 7,058 | 915 | 6 | 7,967 | ||||||||
Total | $ 2,547,697 | 60,278 | 799 | $ 2,607,176 | ||||||||
Amortized Cost And Estimated Fair Value Of Available-For-Sale Securities By Contractual Maturity | ' | |||||||||||
31-Mar-14 | ||||||||||||
Estimated | Weighted | |||||||||||
Amortized | Fair | Average | ||||||||||
Cost | Value | Yield | ||||||||||
(Dollars in thousands) | ||||||||||||
Maturing in one year or less | $ 423,052 | $ 425,053 | 1.40 | % | ||||||||
Maturing after one year through five years | 1,133,192 | 1,136,886 | 1.29 | |||||||||
Maturing after five years through ten years | 175,079 | 181,151 | 5.64 | |||||||||
Maturing after ten years | 197,483 | 208,013 | 5.91 | |||||||||
Mortgage-backed securities | 479,506 | 475,655 | 2.17 | |||||||||
Total | $ 2,408,312 | $ 2,426,758 | ||||||||||
Temporarily Impaired Available-For-Sale Securities With Continuous Unrealized Loss Positions | ' | |||||||||||
31-Mar-14 | ||||||||||||
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 | $ 553,456 | $ 4,903 | $ - | $ - | $ 553,456 | $ 4,903 | ||||||
Government agency issued residential | ||||||||||||
mortgage-backed securities | 34,509 | 1,159 | 1,957 | 30 | 36,466 | 1,189 | ||||||
Government agency issued commercial | ||||||||||||
mortgage-backed securities | 142,990 | 5,408 | 62,544 | 3,018 | 205,534 | 8,426 | ||||||
Obligations of states and | ||||||||||||
political subdivisions | 49,817 | 713 | 3,463 | 113 | 53,280 | 826 | ||||||
Total | $ 780,772 | $ 12,183 | $ 67,964 | $ 3,161 | $ 848,736 | $ 15,344 | ||||||
31-Dec-13 | ||||||||||||
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 | $ 533,326 | $ 6,133 | $ - | $ - | $ 533,326 | $ 6,133 | ||||||
Government agency issued residential | ||||||||||||
mortgage-backed securities | 106,179 | 2,418 | 4,407 | 148 | 110,586 | 2,566 | ||||||
Government agency issued commercial | ||||||||||||
mortgage-backed securities | 176,253 | 8,578 | 27,225 | 1,596 | 203,478 | 10,174 | ||||||
Obligations of states and | ||||||||||||
political subdivisions | 97,543 | 2,555 | 3,663 | 178 | 101,206 | 2,733 | ||||||
Total | $ 913,301 | $ 19,684 | $ 35,295 | $ 1,922 | $ 948,596 | $ 21,606 | ||||||
PER_SHARE_DATA_Tables
PER SHARE DATA (Tables) | 3 Months Ended | ||||||||||||
Mar. 31, 2014 | |||||||||||||
PER SHARE DATA [Abstract] | ' | ||||||||||||
Basic And Diluted Earnings Per Share Computations | ' | ||||||||||||
Three months ended March 31, | |||||||||||||
2014 | 2013 | ||||||||||||
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 | $ 28,444 | 95,630 | $ 0.30 | $ 20,805 | 94,596 | $ 0.22 | |||||||
Effect of dilutive share- | |||||||||||||
based awards | - | 323 | - | 160 | |||||||||
Diluted EPS | |||||||||||||
Income available to common | |||||||||||||
shareholders plus assumed | |||||||||||||
exercise of all outstanding | |||||||||||||
share-based awards | $ 28,444 | 95,953 | $ 0.30 | $ 20,805 | 94,756 | $ 0.22 | |||||||
COMPREHENSIVE_INCOME_Tables
COMPREHENSIVE INCOME (Tables) | 3 Months Ended | ||||||||||||
Mar. 31, 2014 | |||||||||||||
COMPREHENSIVE INCOME [Abstract] | ' | ||||||||||||
Components Of Other Comprehensive Income | ' | ||||||||||||
: | |||||||||||||
Three months ended March 31, | |||||||||||||
2014 | 2013 | ||||||||||||
Before | Net | Before | Net | ||||||||||
tax | Tax | of tax | tax | Tax | of tax | ||||||||
amount | effect | amount | amount | effect | amount | ||||||||
Net unrealized gains (losses) on available-for- | (In thousands) | ||||||||||||
sale securities: | |||||||||||||
Unrealized gains (losses) arising during | |||||||||||||
holding period | $ 12,062 | $ (4,621) | $ 7,441 | $ (8,571) | $ 3,283 | $ (5,288) | |||||||
Reclassification adjustment for | |||||||||||||
net losses (gains) realized in net income (1) | 4 | -2 | 2 | -19 | 7 | -12 | |||||||
Recognized employee benefit plan | |||||||||||||
net periodic benefit cost (2) | 738 | -282 | 456 | 1,337 | -511 | 826 | |||||||
Other comprehensive income (loss) | $ 12,804 | $ (4,905) | $ 7,899 | $ (7,253) | $ 2,779 | $ (4,474) | |||||||
Net income | 28,444 | 20,805 | |||||||||||
Comprehensive income | $ 36,343 | $ 16,331 | |||||||||||
(1) Reclassification adjustments for net (losses) gains on available-for-sale securities are reported as net security (losses) gains on the consolidated statements of income. | |||||||||||||
(2) Recognized employee benefit plan net periodic benefit cost include amortization of unrecognized transition amount, recognized prior service cost and recognized net loss. For more information, see Note 9 - Pension Benefits. | |||||||||||||
GOODWILL_AND_OTHER_INTANGIBLE_1
GOODWILL AND OTHER INTANGIBLE ASSETS (Tables) | 3 Months Ended | ||||||||
Mar. 31, 2014 | |||||||||
GOODWILL AND OTHER INTANGIBLE ASSETS [Abstract] | ' | ||||||||
Goodwill Carrying Amounts By Operating Segment | ' | ||||||||
Community | Insurance | ||||||||
Banking | Agencies | Total | |||||||
(In thousands) | |||||||||
Balance as of December 31, 2013 | $ 217,618 | $ 69,182 | $ 286,800 | ||||||
Goodwill recorded during the period | - | - | - | ||||||
Balance as of March 31, 2014 | $ 217,618 | $ 69,182 | $ 286,800 | ||||||
Carrying Value And Accumulated Amortization Of Identifiable Intangible Assets | ' | ||||||||
As of | As of | ||||||||
31-Mar-14 | 31-Dec-13 | ||||||||
Gross Carrying | Accumulated | Gross Carrying | Accumulated | ||||||
Amount | Amortization | Amount | Amortization | ||||||
Amortized intangible assets: | (In thousands) | ||||||||
Core deposit intangibles | $ 27,801 | $ 22,393 | $ 27,801 | $ 22,256 | |||||
Customer relationship intangibles | 46,967 | 29,163 | 46,967 | 28,329 | |||||
Non-solicitation intangibles | 1,450 | 329 | 1,450 | 242 | |||||
Total | $ 76,218 | $ 51,885 | $ 76,218 | $ 50,827 | |||||
Unamortized intangible assets: | |||||||||
Trade names | $ 688 | $ - | $ 688 | $ - | |||||
Three months ended | |||||||||
March 31, | |||||||||
2014 | 2013 | ||||||||
Aggregate amortization expense for: | (In thousands) | ||||||||
Core deposit intangibles | $ 137 | $ 157 | |||||||
Customer relationship intangibles | 834 | 548 | |||||||
Non-solicitation intangibles | 87 | 38 | |||||||
Total | $ 1,058 | $ 743 | |||||||
Future Estimated Amortization Expense | ' | ||||||||
Customer | Non- | ||||||||
Core Deposit | Relationship | Solicitation | |||||||
Intangibles | Intangibles | Intangibles | Total | ||||||
Estimated Amortization Expense: | (In thousands) | ||||||||
For year ending December 31, 2014 | $ 526 | $ 3,241 | $ 350 | $ 4,117 | |||||
For year ending December 31, 2015 | 487 | 2,817 | 275 | 3,579 | |||||
For year ending December 31, 2016 | 451 | 2,378 | 200 | 3,029 | |||||
For year ending December 31, 2017 | 419 | 2,107 | 200 | 2,726 | |||||
For year ending December 31, 2018 | 390 | 1,758 | 183 | 2,331 | |||||
PENSION_BENEFITS_Tables
PENSION BENEFITS (Tables) | 3 Months Ended | ||||
Mar. 31, 2014 | |||||
PENSION BENEFITS [Abstract] | ' | ||||
Components Of Net Periodic Benefit Cost | ' | ||||
Three months ended | |||||
March 31, | |||||
2014 | 2013 | ||||
(In thousands) | |||||
Service cost | $ 2,234 | $ 2,684 | |||
Interest cost | 2,339 | 2,053 | |||
Expected return on assets | -2,634 | -2,743 | |||
Amortization of unrecognized transition amount | 5 | 5 | |||
Recognized prior service cost | -192 | -192 | |||
Recognized net loss | 926 | 1,524 | |||
Net periodic benefit costs | $ 2,678 | $ 3,331 | |||
SEGMENT_REPORTING_Tables
SEGMENT REPORTING (Tables) | 3 Months Ended | ||||||||
Mar. 31, 2014 | |||||||||
SEGMENT REPORTING [Abstract] | ' | ||||||||
Results Of Operations And Selected Financial Information By Operating Segment | ' | ||||||||
General | |||||||||
Community | Insurance | Corporate | |||||||
Banking | Agencies | and Other | Total | ||||||
(In thousands) | |||||||||
Three months ended March 31, 2014: | |||||||||
Results of Operations | |||||||||
Net interest revenue | $ 93,315 | $ 28 | $ 8,180 | $ 101,523 | |||||
Provision for credit losses | 1,024 | - | -1,024 | - | |||||
Net interest revenue after provision for credit losses | 92,291 | 28 | 9,204 | 101,523 | |||||
Noninterest revenue | 23,927 | 31,620 | 10,970 | 66,517 | |||||
Noninterest expense | 81,467 | 24,315 | 20,925 | 126,707 | |||||
Income before income taxes | 34,751 | 7,333 | -751 | 41,333 | |||||
Income tax expense (benefit) | 11,182 | 2,918 | -1,211 | 12,889 | |||||
Net income | $ 23,569 | $ 4,415 | $ 460 | $ 28,444 | |||||
Selected Financial Information | |||||||||
Total assets at end of period | $ 9,745,120 | $ 201,625 | $ 3,196,810 | $ 13,143,555 | |||||
Depreciation and amortization | 5,216 | 1,277 | $ 1,138 | 7,631 | |||||
Three months ended March 31, 2013: | |||||||||
Results of Operations | |||||||||
Net interest revenue | $ 92,244 | $ 49 | $ 5,785 | $ 98,078 | |||||
Provision for credit losses | 4,101 | - | -101 | 4,000 | |||||
Net interest revenue after provision for credit losses | 88,143 | 49 | 5,886 | 94,078 | |||||
Noninterest revenue | 26,507 | 26,530 | 18,281 | 71,318 | |||||
Noninterest expense | 91,005 | 21,407 | 22,959 | 135,371 | |||||
Income before income taxes | 23,645 | 5,172 | 1,208 | 30,025 | |||||
Income tax expense (benefit) | 7,604 | 2,076 | -460 | 9,220 | |||||
Net income | $ 16,041 | $ 3,096 | $ 1,668 | $ 20,805 | |||||
Selected Financial Information | |||||||||
Total assets at end of period | $ 10,082,036 | $ 183,918 | $ 3,127,181 | $ 13,393,135 | |||||
Depreciation and amortization | 5,788 | 894 | 774 | 7,456 | |||||
MORTGAGE_SERVICING_RIGHTS_Tabl
MORTGAGE SERVICING RIGHTS (Tables) | 3 Months Ended | ||||||
Mar. 31, 2014 | |||||||
MORTGAGE SERVICING RIGHTS [Abstract] | ' | ||||||
Data and Assumptions Used in Fair Value Calculation | ' | ||||||
March 31, | December 31, | ||||||
2014 | 2013 | 2013 | |||||
(Dollars in thousands) | |||||||
Unpaid principal balance | $ | $ | $ | ||||
5,568,829 | 5,236,852 | 5,577,325 | |||||
Weighted-average prepayment speed (CPR) | 10.9 | 15.4 | 10.3 | ||||
Discount rate (annual percentage) | 10.3 | 10.8 | 10.3 | ||||
Weighted-average coupon interest rate (percentage) | 4.2 | 4.3 | 4.2 | ||||
Weighted-average remaining maturity (months) | 312.0 | 306.0 | 310.0 | ||||
Weighted-average servicing fee (basis points) | 26.6 | 26.9 | 26.6 | ||||
Activity in Class of Mortgage Servicing Assets | ' | ||||||
2014 | 2013 | ||||||
(In thousands) | |||||||
Fair value as of January 1 | $ 54,662 | $ 37,882 | |||||
Additions: | |||||||
Origination of servicing assets | 1,460 | 4,268 | |||||
Changes in fair value: | |||||||
Due to payoffs/paydowns | -1,138 | -1,705 | |||||
Due to change in valuation inputs or assumptions | |||||||
used in the valuation model | -1,547 | 1,037 | |||||
Other changes in fair value | -1 | -4 | |||||
Fair value as of March 31 | $ 53,436 | $ 41,478 | |||||
DERIVATIVE_INSTRUMENTS_AND_OFF1
DERIVATIVE INSTRUMENTS AND OFFSETTING ASSETS AND LIABILITIES (Tables) | 3 Months Ended | ||||||||||||
Mar. 31, 2014 | |||||||||||||
DERIVATIVE INSTRUMENTS [Abstract] | ' | ||||||||||||
Offsetting Of Derivative Assets And Liabilities | ' | ||||||||||||
31-Mar-14 | |||||||||||||
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 | $ 1,194 | $ - | $ 1,194 | $ - | $ - | $ 1,194 | |||||||
Loan/lease interest rate swaps | 27,081 | - | 27,081 | - | - | 27,081 | |||||||
Total financial assets | $ 28,275 | $ - | $ 28,275 | $ - | $ - | $ 28,275 | |||||||
Financial liabilities: | |||||||||||||
Derivatives: | |||||||||||||
Forward commitments | $ 163 | $ - | $ 163 | $ - | $ - | $ 163 | |||||||
Loan/lease interest rate swaps | 27,081 | - | 27,081 | - | -27,081 | - | |||||||
Repurchase arrangements | 456,303 | - | 456,303 | -456,303 | - | - | |||||||
Total financial liabilities | $ 483,547 | $ - | $ 483,547 | $ (456,303) | $ (27,081) | $ 163 | |||||||
31-Dec-13 | |||||||||||||
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 | $ 1,324 | $ - | $ 1,324 | $ - | $ - | $ 1,324 | |||||||
Loan/lease interest rate swaps | 29,249 | - | 29,249 | - | - | 29,249 | |||||||
Total financial assets | $ 30,573 | $ - | $ 30,573 | $ - | $ - | $ 30,573 | |||||||
Financial liabilities: | |||||||||||||
Derivatives: | |||||||||||||
Forward commitments | $ 103 | $ - | $ 103 | $ - | $ - | $ 103 | |||||||
Loan/lease interest rate swaps | 29,249 | - | 29,249 | - | -29,249 | - | |||||||
Repurchase arrangements | 421,028 | - | 421,028 | -421,028 | - | - | |||||||
Total financial liabilities | $ 450,380 | $ - | $ 450,380 | $ (421,028) | $ (29,249) | $ 103 | |||||||
31-Mar-13 | |||||||||||||
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 | $ 3,666 | $ - | $ 3,666 | $ - | $ - | $ 3,666 | |||||||
Loan/lease interest rate swaps | 46,284 | - | 46,284 | - | - | 46,284 | |||||||
Total financial assets | $ 49,950 | $ - | $ 49,950 | $ - | $ - | $ 49,950 | |||||||
Financial liabilities: | |||||||||||||
Derivatives: | |||||||||||||
Forward commitments | $ 968 | $ - | $ 968 | $ - | $ - | $ 968 | |||||||
Loan/lease interest rate swaps | 46,284 | - | 46,284 | - | -46,284 | - | |||||||
Repurchase arrangements | 353,742 | - | 353,742 | -353,742 | - | - | |||||||
Total financial liabilities | $ 400,994 | $ - | $ 400,994 | $ (353,742) | $ (46,284) | $ 968 | |||||||
FAIR_VALUE_DISCLOSURES_Tables
FAIR VALUE DISCLOSURES (Tables) | 3 Months Ended | ||||||||||
Mar. 31, 2014 | |||||||||||
FAIR VALUE DISCLOSURES [Abstract] | ' | ||||||||||
Assets And Liabilities Measured At Fair Value On A Recurring Basis | ' | ||||||||||
31-Mar-14 | |||||||||||
Level 1 | Level 2 | Level 3 | Total | ||||||||
Assets: | (In thousands) | ||||||||||
Available-for-sale securities: | |||||||||||
U.S. Government agencies | $ - | $ 1,419,269 | $ - | $ 1,419,269 | |||||||
Government agency issued residential | |||||||||||
mortgage-backed securities | - | 241,596 | - | 241,596 | |||||||
Government agency issued commercial | |||||||||||
mortgage-backed securities | - | 234,059 | - | 234,059 | |||||||
Obligations of states and | |||||||||||
political subdivisions | - | 523,811 | - | 523,811 | |||||||
Other | 1,029 | 6,994 | - | 8,023 | |||||||
Mortgage servicing rights | - | - | 53,436 | 53,436 | |||||||
Derivative instruments | - | - | 27,859 | 27,859 | |||||||
Total | $ 1,029 | $ 2,425,729 | $ 81,295 | $ 2,508,053 | |||||||
Liabilities: | |||||||||||
Derivative instruments | $ - | $ - | $ 27,244 | $ 27,244 | |||||||
31-Mar-13 | |||||||||||
Level 1 | Level 2 | Level 3 | Total | ||||||||
Assets: | (In thousands) | ||||||||||
Available-for-sale securities: | |||||||||||
U.S. Government agencies | $ - | $ 1,517,725 | $ - | $ 1,517,725 | |||||||
Government agency issued residential | |||||||||||
mortgage-backed securities | - | 334,550 | - | 334,550 | |||||||
Government agency issued commercial | |||||||||||
mortgage-backed securities | - | 196,459 | - | 196,459 | |||||||
Obligations of states and | |||||||||||
political subdivisions | - | 550,475 | - | 550,475 | |||||||
Other | 869 | 7,098 | - | 7,967 | |||||||
Mortgage servicing rights | - | - | 41,478 | 41,478 | |||||||
Derivative instruments | - | - | 49,392 | 49,392 | |||||||
Total | $ 869 | $ 2,606,307 | $ 90,870 | $ 2,698,046 | |||||||
Liabilities: | |||||||||||
Derivative instruments | $ - | $ - | $ 47,251 | $ 47,251 | |||||||
Changes In Level Three Assets And Liabilities Measured At Fair Value On A Recurring Basis | ' | ||||||||||
Mortgage | Available- | ||||||||||
Servicing | Derivative | for-sale | |||||||||
Rights | Instruments | Securities | |||||||||
(In thousands) | |||||||||||
Balance at December 31, 2013 | $ 54,662 | $ 878 | $ - | ||||||||
Year to date net gains (losses) included in: | |||||||||||
Net loss | -2,686 | -263 | - | ||||||||
Other comprehensive income | - | - | - | ||||||||
Additions | 1,460 | - | - | ||||||||
Transfers in and/or out of Level 3 | - | - | - | ||||||||
Balance at March 31, 2014 | $ 53,436 | $ 615 | $ - | ||||||||
Net unrealized losses included in net income for the | |||||||||||
quarter relating to assets and liabilities held at March 31, 2014 | $ (1,547) | $ (263) | $ - | ||||||||
Mortgage | Available- | ||||||||||
Servicing | Derivative | for-sale | |||||||||
Rights | Instruments | Securities | |||||||||
(In thousands) | |||||||||||
Balance at December 31, 2012 | $ 37,882 | $ 2,911 | $ - | ||||||||
Year to date net gains (losses) included in: | |||||||||||
Net loss | -672 | -770 | - | ||||||||
Other comprehensive income | - | - | - | ||||||||
Additions | 4,268 | - | - | ||||||||
Transfers in and/or out of Level 3 | - | - | - | ||||||||
Balance at March 31, 2013 | $ 41,478 | $ 2,141 | $ - | ||||||||
Net unrealized gains (losses) included in net income for the | |||||||||||
quarter relating to assets and liabilities held at March 31, 2013 | $ 1,037 | $ (770) | $ - | ||||||||
Assets And Liabilities Recorded At Fair Value On A Nonrecurring Basis | ' | ||||||||||
31-Mar-14 | |||||||||||
Total | |||||||||||
Level 1 | Level 2 | Level 3 | Total | Losses | |||||||
Assets: | (In thousands) | ||||||||||
Loans held for sale | $ - | $ 62,867 | $ - | $ 62,867 | $ - | ||||||
Impaired loans | - | - | 41,466 | 41,466 | -1,588 | ||||||
Other real estate owned | - | - | 63,595 | 63,595 | -17,730 | ||||||
31-Mar-13 | |||||||||||
Total | |||||||||||
Level 1 | Level 2 | Level 3 | Total | Losses | |||||||
Assets: | (In thousands) | ||||||||||
Loans held for sale | $ - | $ 105,523 | $ - | $ 105,523 | $ - | ||||||
Impaired loans | - | - | 137,791 | 137,791 | -11,658 | ||||||
Other real estate owned | - | - | 96,314 | 96,314 | -31,507 | ||||||
Carrying And Fair Value Information | ' | ||||||||||
31-Mar-14 | 31-Dec-13 | ||||||||||
Carrying | Fair | Carrying | Fair | ||||||||
Value | Value | Value | Value | ||||||||
Assets: | (In thousands) | ||||||||||
Cash and due from banks | $ 199,214 | $ 199,214 | $ 208,961 | $ 208,961 | |||||||
Interest bearing deposits with other banks | 390,896 | 390,896 | 319,462 | 319,462 | |||||||
Available-for-sale securities | 2,426,758 | 2,426,758 | 2,466,989 | 2,466,989 | |||||||
Net loans and leases | 8,918,672 | 9,198,997 | 8,804,779 | 9,059,171 | |||||||
Loans held for sale | 62,867 | 65,815 | 69,593 | 70,063 | |||||||
Liabilities: | |||||||||||
Noninterest bearing deposits | 2,725,042 | 2,725,042 | 2,644,592 | 2,644,592 | |||||||
Savings and interest bearing deposits | 5,880,825 | 5,880,825 | 5,816,580 | 5,816,580 | |||||||
Other time deposits | 2,205,923 | 2,223,755 | 2,312,664 | 2,332,380 | |||||||
Federal funds purchased and securities | |||||||||||
sold under agreement to repurchase | |||||||||||
and other short-term borrowings | 456,303 | 456,314 | 421,028 | 414,238 | |||||||
Long-term debt and other borrowings | 109,070 | 111,093 | 113,201 | 112,721 | |||||||
Derivative instruments: | |||||||||||
Forward commitments to sell fixed rate | |||||||||||
mortgage loans | 159 | 159 | 654 | 654 | |||||||
Commitments to fund fixed rate | |||||||||||
mortgage loans | 1,190 | 1,190 | 567 | 567 | |||||||
Interest rate swap position to receive | 26,665 | 26,665 | 28,907 | 28,907 | |||||||
Interest rate swap position to pay | -27,081 | -27,081 | -29,249 | -29,249 | |||||||
OTHER_NONINTEREST_REVENUE_AND_1
OTHER NONINTEREST REVENUE AND EXPENSE (Tables) | 3 Months Ended | ||||
Mar. 31, 2014 | |||||
OTHER NONINTEREST REVENUE AND EXPENSE [Abstract] | ' | ||||
Other Noninterest Revenue | ' | ||||
Three months ended | |||||
March 31, | |||||
2014 | 2013 | ||||
(In thousands) | |||||
Annuity fees | $ 772 | $ 483 | |||
Brokerage commissions and fees | 1,576 | 2,093 | |||
Bank-owned life insurance | 1,849 | 1,887 | |||
Other miscellaneous income | 3,384 | 4,284 | |||
Total other noninterest income | $ 7,581 | $ 8,747 | |||
Other Noninterest Expense | ' | ||||
Three months ended | |||||
March 31, | |||||
2014 | 2013 | ||||
(In thousands) | |||||
Advertising | $ 632 | $ 743 | |||
Foreclosed property expense | 2,555 | 2,354 | |||
Telecommunications | 2,248 | 2,099 | |||
Public relations | 822 | 1,005 | |||
Data processing | 2,741 | 2,468 | |||
Computer software | 2,423 | 1,963 | |||
Amortization of intangibles | 1,058 | 743 | |||
Legal fees | 1,878 | 9,366 | |||
Merger expense | 560 | - | |||
Postage and shipping | 1,287 | 1,135 | |||
Other miscellaneous expense | 15,222 | 16,054 | |||
Total other noninterest expense | $ 31,426 | $ 37,930 | |||
LOANS_AND_LEASES_Gross_Loans_A
LOANS AND LEASES (Gross Loans And Leases By Segment And Class) (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2013 | |
In Thousands, unless otherwise specified | ||||
LOANS AND LEASES [Abstract] | ' | ' | ' | |
Commercial and industrial | $1,589,234 | $1,538,302 | $1,488,374 | |
Consumer mortgages | 2,047,001 | 1,976,073 | 1,871,312 | |
Home equity | 498,283 | 494,339 | 482,398 | |
Agricultural | 229,602 | 234,576 | 249,467 | |
Commercial and industrial - owner occupied | 1,488,380 | 1,473,320 | 1,334,974 | |
Construction, acquisition and development | 748,027 | 741,458 | 728,092 | |
Commercial real estate | 1,847,983 | 1,846,039 | 1,739,533 | |
Credit cards | 105,988 | 111,328 | 98,803 | |
All other | 549,352 | 578,453 | 621,838 | |
Total | $9,103,850 | $8,993,888 | [1] | $8,614,791 |
[1] | Derived from audited financial statements.See accompanying notes to consolidated financial statements. |
LOANS_AND_LEASES_Loans_And_Lea
LOANS AND LEASES (Loans And Leases, Net Of Unearned Income By Segment, Class And Geographical Location) (Details) (USD $) | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | |
In Thousands, unless otherwise specified | ||||
Loans and leases, net of unearned income [Abstract] | ' | ' | ' | |
Commercial and industrial | $1,581,251 | ' | ' | |
Real estate [Abstract] | ' | ' | ' | |
Consumer mortgages | 2,047,001 | ' | ' | |
Home equity | 498,283 | ' | ' | |
Agricultural | 229,602 | ' | ' | |
Commercial and industrial-owner occupied | 1,488,380 | ' | ' | |
Construction, acquisition and development | 748,027 | ' | ' | |
Commercial real estate | 1,847,983 | ' | ' | |
Credit cards | 105,988 | ' | ' | |
All other | 521,861 | ' | ' | |
Total | 9,068,376 | 9,068,376 | 8,958,015 | |
Loan concentrations [Abstract] | ' | ' | ' | |
Maximum percentage of loan concentrations (in hundredths) | ' | 10.00% | ' | |
Alabama and Florida Panhandle [Member] | ' | ' | ' | |
Loans and leases, net of unearned income [Abstract] | ' | ' | ' | |
Commercial and industrial | ' | 80,620 | ' | |
Real estate [Abstract] | ' | ' | ' | |
Consumer mortgages | ' | 149,108 | ' | |
Home equity | ' | 64,648 | ' | |
Agricultural | ' | 7,797 | ' | |
Commercial and industrial-owner occupied | ' | 173,560 | ' | |
Construction, acquisition and development | ' | 100,165 | ' | |
Commercial real estate | ' | 262,639 | ' | |
All other | ' | 30,706 | ' | |
Total | ' | 869,243 | ' | |
Arkansas [Member] | ' | ' | ' | |
Loans and leases, net of unearned income [Abstract] | ' | ' | ' | |
Commercial and industrial | ' | 188,455 | [1] | ' |
Real estate [Abstract] | ' | ' | ' | |
Consumer mortgages | ' | 264,744 | [1] | ' |
Home equity | ' | 40,076 | [1] | ' |
Agricultural | ' | 68,685 | [1] | ' |
Commercial and industrial-owner occupied | ' | 167,136 | [1] | ' |
Construction, acquisition and development | ' | 66,985 | [1] | ' |
Commercial real estate | ' | 304,695 | [1] | ' |
All other | ' | 54,338 | [1] | ' |
Total | ' | 1,155,114 | [1] | ' |
Mississippi [Member] | ' | ' | ' | |
Loans and leases, net of unearned income [Abstract] | ' | ' | ' | |
Commercial and industrial | ' | 282,829 | [1] | ' |
Real estate [Abstract] | ' | ' | ' | |
Consumer mortgages | ' | 689,847 | [1] | ' |
Home equity | ' | 163,896 | [1] | ' |
Agricultural | ' | 57,168 | [1] | ' |
Commercial and industrial-owner occupied | ' | 479,186 | [1] | ' |
Construction, acquisition and development | ' | 193,818 | [1] | ' |
Commercial real estate | ' | 280,466 | [1] | ' |
All other | ' | 136,963 | [1] | ' |
Total | ' | 2,284,173 | [1] | ' |
Missouri [Member] | ' | ' | ' | |
Loans and leases, net of unearned income [Abstract] | ' | ' | ' | |
Commercial and industrial | ' | 34,165 | ' | |
Real estate [Abstract] | ' | ' | ' | |
Consumer mortgages | ' | 64,206 | ' | |
Home equity | ' | 21,039 | ' | |
Agricultural | ' | 3,471 | ' | |
Commercial and industrial-owner occupied | ' | 65,786 | ' | |
Construction, acquisition and development | ' | 22,190 | ' | |
Commercial real estate | ' | 198,179 | ' | |
All other | ' | 2,368 | ' | |
Total | ' | 411,404 | ' | |
Greater Memphis Area [Member] | ' | ' | ' | |
Loans and leases, net of unearned income [Abstract] | ' | ' | ' | |
Commercial and industrial | ' | 23,138 | ' | |
Real estate [Abstract] | ' | ' | ' | |
Consumer mortgages | ' | 105,566 | ' | |
Home equity | ' | 67,421 | ' | |
Agricultural | ' | 14,492 | ' | |
Commercial and industrial-owner occupied | ' | 92,641 | ' | |
Construction, acquisition and development | ' | 77,559 | ' | |
Commercial real estate | ' | 98,039 | ' | |
All other | ' | 38,539 | ' | |
Total | ' | 517,395 | ' | |
Tennessee [Member] | ' | ' | ' | |
Loans and leases, net of unearned income [Abstract] | ' | ' | ' | |
Commercial and industrial | ' | 80,065 | [1] | ' |
Real estate [Abstract] | ' | ' | ' | |
Consumer mortgages | ' | 162,701 | [1] | ' |
Home equity | ' | 72,663 | [1] | ' |
Agricultural | ' | 11,611 | [1] | ' |
Commercial and industrial-owner occupied | ' | 89,244 | [1] | ' |
Construction, acquisition and development | ' | 103,894 | [1] | ' |
Commercial real estate | ' | 107,520 | [1] | ' |
All other | ' | 37,585 | [1] | ' |
Total | ' | 665,283 | [1] | ' |
Texas and Louisiana [Member] | ' | ' | ' | |
Loans and leases, net of unearned income [Abstract] | ' | ' | ' | |
Commercial and industrial | ' | 279,379 | ' | |
Real estate [Abstract] | ' | ' | ' | |
Consumer mortgages | ' | 501,316 | ' | |
Home equity | ' | 66,554 | ' | |
Agricultural | ' | 61,959 | ' | |
Commercial and industrial-owner occupied | ' | 293,217 | ' | |
Construction, acquisition and development | ' | 149,859 | ' | |
Commercial real estate | ' | 425,729 | ' | |
All other | ' | 78,648 | ' | |
Total | ' | 1,856,661 | ' | |
Corporate Banking And Other [Member] | ' | ' | ' | |
Loans and leases, net of unearned income [Abstract] | ' | ' | ' | |
Commercial and industrial | ' | 612,600 | ' | |
Real estate [Abstract] | ' | ' | ' | |
Consumer mortgages | ' | 109,513 | ' | |
Home equity | ' | 1,986 | ' | |
Agricultural | ' | 4,419 | ' | |
Commercial and industrial-owner occupied | ' | 127,610 | ' | |
Construction, acquisition and development | ' | 33,557 | ' | |
Commercial real estate | ' | 170,716 | ' | |
Credit cards | ' | 105,988 | ' | |
All other | ' | 142,714 | ' | |
Total | ' | $1,309,103 | ' | |
[1] | Excludes the Greater Memphis Area. |
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 $) | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2013 |
In Thousands, unless otherwise specified | ||||
Aging of loan and lease portfolio [Abstract] | ' | ' | ' | ' |
30-59 Days Past Due | ' | $26,478 | $32,395 | ' |
60-89 Days Past Due | ' | 8,248 | 10,828 | ' |
90 Plus Days Past Due | ' | 22,470 | 29,546 | ' |
Total Past Due | ' | 57,196 | 72,769 | ' |
Current | ' | 9,011,180 | 8,885,246 | ' |
Total | 9,068,376 | 9,068,376 | 8,958,015 | ' |
90 Plus Days Past Due still Accruing | ' | 1,949 | 1,226 | 1,125 |
Commercial And Industrial [Member] | ' | ' | ' | ' |
Aging of loan and lease portfolio [Abstract] | ' | ' | ' | ' |
30-59 Days Past Due | ' | 2,233 | 3,122 | ' |
60-89 Days Past Due | ' | 479 | 310 | ' |
90 Plus Days Past Due | ' | 894 | 601 | ' |
Total Past Due | ' | 3,606 | 4,033 | ' |
Current | ' | 1,577,645 | 1,525,216 | ' |
Total | ' | 1,581,251 | 1,529,249 | ' |
90 Plus Days Past Due still Accruing | ' | 287 | 27 | ' |
Real Estate [Member] | Consumer Mortgages [Member] | ' | ' | ' | ' |
Aging of loan and lease portfolio [Abstract] | ' | ' | ' | ' |
30-59 Days Past Due | ' | 10,727 | 12,244 | ' |
60-89 Days Past Due | ' | 3,575 | 4,703 | ' |
90 Plus Days Past Due | ' | 12,308 | 12,579 | ' |
Total Past Due | ' | 26,610 | 29,526 | ' |
Current | ' | 2,020,391 | 1,946,547 | ' |
Total | ' | 2,047,001 | 1,976,073 | ' |
90 Plus Days Past Due still Accruing | ' | 1,307 | 888 | ' |
Real Estate [Member] | Home Equity [Member] | ' | ' | ' | ' |
Aging of loan and lease portfolio [Abstract] | ' | ' | ' | ' |
30-59 Days Past Due | ' | 1,514 | 1,860 | ' |
60-89 Days Past Due | ' | 607 | 869 | ' |
90 Plus Days Past Due | ' | 614 | 740 | ' |
Total Past Due | ' | 2,735 | 3,469 | ' |
Current | ' | 495,548 | 490,870 | ' |
Total | ' | 498,283 | 494,339 | ' |
90 Plus Days Past Due still Accruing | ' | 12 | ' | ' |
Real Estate [Member] | Agricultural [Member] | ' | ' | ' | ' |
Aging of loan and lease portfolio [Abstract] | ' | ' | ' | ' |
30-59 Days Past Due | ' | 280 | 319 | ' |
60-89 Days Past Due | ' | 301 | 206 | ' |
90 Plus Days Past Due | ' | 269 | 883 | ' |
Total Past Due | ' | 850 | 1,408 | ' |
Current | ' | 228,752 | 233,168 | ' |
Total | ' | 229,602 | 234,576 | ' |
Real Estate [Member] | Commercial And Industrial - Owner Occupied [Member] | ' | ' | ' | ' |
Aging of loan and lease portfolio [Abstract] | ' | ' | ' | ' |
30-59 Days Past Due | ' | 3,298 | 4,256 | ' |
60-89 Days Past Due | ' | 893 | 1,230 | ' |
90 Plus Days Past Due | ' | 3,070 | 4,585 | ' |
Total Past Due | ' | 7,261 | 10,071 | ' |
Current | ' | 1,481,119 | 1,463,249 | ' |
Total | ' | 1,488,380 | 1,473,320 | ' |
Real Estate [Member] | Construction, Acquisition And Development [Member] | ' | ' | ' | ' |
Aging of loan and lease portfolio [Abstract] | ' | ' | ' | ' |
30-59 Days Past Due | ' | 2,062 | 2,557 | ' |
60-89 Days Past Due | ' | 944 | 2,658 | ' |
90 Plus Days Past Due | ' | 2,146 | 7,005 | ' |
Total Past Due | ' | 5,152 | 12,220 | ' |
Current | ' | 742,875 | 729,238 | ' |
Total | ' | 748,027 | 741,458 | ' |
Real Estate [Member] | Commercial Real Estate [Member] | ' | ' | ' | ' |
Aging of loan and lease portfolio [Abstract] | ' | ' | ' | ' |
30-59 Days Past Due | ' | 5,021 | 5,597 | ' |
60-89 Days Past Due | ' | 1,075 | 321 | ' |
90 Plus Days Past Due | ' | 2,669 | 2,539 | ' |
Total Past Due | ' | 8,765 | 8,457 | ' |
Current | ' | 1,839,218 | 1,837,582 | ' |
Total | ' | 1,847,983 | 1,846,039 | ' |
90 Plus Days Past Due still Accruing | ' | ' | 311 | ' |
Credit Cards [Member] | ' | ' | ' | ' |
Aging of loan and lease portfolio [Abstract] | ' | ' | ' | ' |
30-59 Days Past Due | ' | 412 | 455 | ' |
60-89 Days Past Due | ' | 222 | 235 | ' |
90 Plus Days Past Due | ' | 325 | 350 | ' |
Total Past Due | ' | 959 | 1,040 | ' |
Current | ' | 105,029 | 110,288 | ' |
Total | ' | 105,988 | 111,328 | ' |
90 Plus Days Past Due still Accruing | ' | 297 | ' | ' |
All Other [Member] | ' | ' | ' | ' |
Aging of loan and lease portfolio [Abstract] | ' | ' | ' | ' |
30-59 Days Past Due | ' | 931 | 1,985 | ' |
60-89 Days Past Due | ' | 152 | 296 | ' |
90 Plus Days Past Due | ' | 175 | 264 | ' |
Total Past Due | ' | 1,258 | 2,545 | ' |
Current | ' | 520,603 | 549,088 | ' |
Total | ' | 521,861 | 551,633 | ' |
90 Plus Days Past Due still Accruing | ' | $46 | ' | ' |
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 $) | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |||
Loan and lease portfolio, net of unearned income, by grade [Abstract] | ' | ' | ' |
Total | $9,068,376 | $9,068,376 | $8,958,015 |
Pass [Member] | ' | ' | ' |
Loan and lease portfolio, net of unearned income, by grade [Abstract] | ' | ' | ' |
Total | ' | 8,657,298 | 8,533,481 |
Special Mention [Member] | ' | ' | ' |
Loan and lease portfolio, net of unearned income, by grade [Abstract] | ' | ' | ' |
Total | ' | 19,703 | 5,570 |
Substandard [Member] | ' | ' | ' |
Loan and lease portfolio, net of unearned income, by grade [Abstract] | ' | ' | ' |
Total | ' | 348,027 | 361,543 |
Doubtful [Member] | ' | ' | ' |
Loan and lease portfolio, net of unearned income, by grade [Abstract] | ' | ' | ' |
Total | ' | 1,882 | 2,478 |
Impaired [Member] | ' | ' | ' |
Loan and lease portfolio, net of unearned income, by grade [Abstract] | ' | ' | ' |
Total | ' | 41,466 | 54,943 |
Commercial And Industrial [Member] | ' | ' | ' |
Loan and lease portfolio, net of unearned income, by grade [Abstract] | ' | ' | ' |
Total | ' | 1,581,251 | 1,529,249 |
Commercial And Industrial [Member] | Pass [Member] | ' | ' | ' |
Loan and lease portfolio, net of unearned income, by grade [Abstract] | ' | ' | ' |
Total | ' | 1,535,172 | 1,495,972 |
Commercial And Industrial [Member] | Special Mention [Member] | ' | ' | ' |
Loan and lease portfolio, net of unearned income, by grade [Abstract] | ' | ' | ' |
Total | ' | 13,043 | 978 |
Commercial And Industrial [Member] | Substandard [Member] | ' | ' | ' |
Loan and lease portfolio, net of unearned income, by grade [Abstract] | ' | ' | ' |
Total | ' | 31,741 | 30,886 |
Commercial And Industrial [Member] | Doubtful [Member] | ' | ' | ' |
Loan and lease portfolio, net of unearned income, by grade [Abstract] | ' | ' | ' |
Total | ' | ' | 99 |
Commercial And Industrial [Member] | Impaired [Member] | ' | ' | ' |
Loan and lease portfolio, net of unearned income, by grade [Abstract] | ' | ' | ' |
Total | ' | 1,295 | 1,314 |
Real Estate [Member] | Consumer Mortgages [Member] | ' | ' | ' |
Loan and lease portfolio, net of unearned income, by grade [Abstract] | ' | ' | ' |
Total | ' | 2,047,001 | 1,976,073 |
Real Estate [Member] | Consumer Mortgages [Member] | Pass [Member] | ' | ' | ' |
Loan and lease portfolio, net of unearned income, by grade [Abstract] | ' | ' | ' |
Total | ' | 1,936,837 | 1,859,094 |
Real Estate [Member] | Consumer Mortgages [Member] | Special Mention [Member] | ' | ' | ' |
Loan and lease portfolio, net of unearned income, by grade [Abstract] | ' | ' | ' |
Total | ' | 243 | 1,531 |
Real Estate [Member] | Consumer Mortgages [Member] | Substandard [Member] | ' | ' | ' |
Loan and lease portfolio, net of unearned income, by grade [Abstract] | ' | ' | ' |
Total | ' | 104,486 | 108,615 |
Real Estate [Member] | Consumer Mortgages [Member] | Doubtful [Member] | ' | ' | ' |
Loan and lease portfolio, net of unearned income, by grade [Abstract] | ' | ' | ' |
Total | ' | 310 | 427 |
Real Estate [Member] | Consumer Mortgages [Member] | Impaired [Member] | ' | ' | ' |
Loan and lease portfolio, net of unearned income, by grade [Abstract] | ' | ' | ' |
Total | ' | 5,125 | 6,406 |
Real Estate [Member] | Home Equity [Member] | ' | ' | ' |
Loan and lease portfolio, net of unearned income, by grade [Abstract] | ' | ' | ' |
Total | ' | 498,283 | 494,339 |
Real Estate [Member] | Home Equity [Member] | Pass [Member] | ' | ' | ' |
Loan and lease portfolio, net of unearned income, by grade [Abstract] | ' | ' | ' |
Total | ' | 483,746 | 478,283 |
Real Estate [Member] | Home Equity [Member] | Special Mention [Member] | ' | ' | ' |
Loan and lease portfolio, net of unearned income, by grade [Abstract] | ' | ' | ' |
Total | ' | 343 | 250 |
Real Estate [Member] | Home Equity [Member] | Substandard [Member] | ' | ' | ' |
Loan and lease portfolio, net of unearned income, by grade [Abstract] | ' | ' | ' |
Total | ' | 13,456 | 14,570 |
Real Estate [Member] | Home Equity [Member] | Doubtful [Member] | ' | ' | ' |
Loan and lease portfolio, net of unearned income, by grade [Abstract] | ' | ' | ' |
Total | ' | 96 | 96 |
Real Estate [Member] | Home Equity [Member] | Impaired [Member] | ' | ' | ' |
Loan and lease portfolio, net of unearned income, by grade [Abstract] | ' | ' | ' |
Total | ' | 642 | 1,140 |
Real Estate [Member] | Agricultural [Member] | ' | ' | ' |
Loan and lease portfolio, net of unearned income, by grade [Abstract] | ' | ' | ' |
Total | ' | 229,602 | 234,576 |
Real Estate [Member] | Agricultural [Member] | Pass [Member] | ' | ' | ' |
Loan and lease portfolio, net of unearned income, by grade [Abstract] | ' | ' | ' |
Total | ' | 210,346 | 214,728 |
Real Estate [Member] | Agricultural [Member] | Special Mention [Member] | ' | ' | ' |
Loan and lease portfolio, net of unearned income, by grade [Abstract] | ' | ' | ' |
Total | ' | 563 | 779 |
Real Estate [Member] | Agricultural [Member] | Substandard [Member] | ' | ' | ' |
Loan and lease portfolio, net of unearned income, by grade [Abstract] | ' | ' | ' |
Total | ' | 18,257 | 18,187 |
Real Estate [Member] | Agricultural [Member] | Impaired [Member] | ' | ' | ' |
Loan and lease portfolio, net of unearned income, by grade [Abstract] | ' | ' | ' |
Total | ' | 436 | 882 |
Real Estate [Member] | Commercial And Industrial - Owner Occupied [Member] | ' | ' | ' |
Loan and lease portfolio, net of unearned income, by grade [Abstract] | ' | ' | ' |
Total | ' | 1,488,380 | 1,473,320 |
Real Estate [Member] | Commercial And Industrial - Owner Occupied [Member] | Pass [Member] | ' | ' | ' |
Loan and lease portfolio, net of unearned income, by grade [Abstract] | ' | ' | ' |
Total | ' | 1,420,813 | 1,409,757 |
Real Estate [Member] | Commercial And Industrial - Owner Occupied [Member] | Special Mention [Member] | ' | ' | ' |
Loan and lease portfolio, net of unearned income, by grade [Abstract] | ' | ' | ' |
Total | ' | 3,887 | 116 |
Real Estate [Member] | Commercial And Industrial - Owner Occupied [Member] | Substandard [Member] | ' | ' | ' |
Loan and lease portfolio, net of unearned income, by grade [Abstract] | ' | ' | ' |
Total | ' | 56,124 | 50,853 |
Real Estate [Member] | Commercial And Industrial - Owner Occupied [Member] | Doubtful [Member] | ' | ' | ' |
Loan and lease portfolio, net of unearned income, by grade [Abstract] | ' | ' | ' |
Total | ' | 510 | 849 |
Real Estate [Member] | Commercial And Industrial - Owner Occupied [Member] | Impaired [Member] | ' | ' | ' |
Loan and lease portfolio, net of unearned income, by grade [Abstract] | ' | ' | ' |
Total | ' | 7,046 | 11,745 |
Real Estate [Member] | Construction, Acquisition And Development [Member] | ' | ' | ' |
Loan and lease portfolio, net of unearned income, by grade [Abstract] | ' | ' | ' |
Total | ' | 748,027 | 741,458 |
Real Estate [Member] | Construction, Acquisition And Development [Member] | Pass [Member] | ' | ' | ' |
Loan and lease portfolio, net of unearned income, by grade [Abstract] | ' | ' | ' |
Total | ' | 697,094 | 674,299 |
Real Estate [Member] | Construction, Acquisition And Development [Member] | Special Mention [Member] | ' | ' | ' |
Loan and lease portfolio, net of unearned income, by grade [Abstract] | ' | ' | ' |
Total | ' | 1,556 | 1,459 |
Real Estate [Member] | Construction, Acquisition And Development [Member] | Substandard [Member] | ' | ' | ' |
Loan and lease portfolio, net of unearned income, by grade [Abstract] | ' | ' | ' |
Total | ' | 40,713 | 49,401 |
Real Estate [Member] | Construction, Acquisition And Development [Member] | Doubtful [Member] | ' | ' | ' |
Loan and lease portfolio, net of unearned income, by grade [Abstract] | ' | ' | ' |
Total | ' | 768 | 587 |
Real Estate [Member] | Construction, Acquisition And Development [Member] | Impaired [Member] | ' | ' | ' |
Loan and lease portfolio, net of unearned income, by grade [Abstract] | ' | ' | ' |
Total | ' | 7,896 | 15,712 |
Real Estate [Member] | Commercial Real Estate [Member] | ' | ' | ' |
Loan and lease portfolio, net of unearned income, by grade [Abstract] | ' | ' | ' |
Total | ' | 1,847,983 | 1,846,039 |
Real Estate [Member] | Commercial Real Estate [Member] | Pass [Member] | ' | ' | ' |
Loan and lease portfolio, net of unearned income, by grade [Abstract] | ' | ' | ' |
Total | ' | 1,757,573 | 1,751,553 |
Real Estate [Member] | Commercial Real Estate [Member] | Special Mention [Member] | ' | ' | ' |
Loan and lease portfolio, net of unearned income, by grade [Abstract] | ' | ' | ' |
Total | ' | ' | 386 |
Real Estate [Member] | Commercial Real Estate [Member] | Substandard [Member] | ' | ' | ' |
Loan and lease portfolio, net of unearned income, by grade [Abstract] | ' | ' | ' |
Total | ' | 71,374 | 76,199 |
Real Estate [Member] | Commercial Real Estate [Member] | Doubtful [Member] | ' | ' | ' |
Loan and lease portfolio, net of unearned income, by grade [Abstract] | ' | ' | ' |
Total | ' | 198 | 420 |
Real Estate [Member] | Commercial Real Estate [Member] | Impaired [Member] | ' | ' | ' |
Loan and lease portfolio, net of unearned income, by grade [Abstract] | ' | ' | ' |
Total | ' | 18,838 | 17,481 |
Credit Cards [Member] | ' | ' | ' |
Loan and lease portfolio, net of unearned income, by grade [Abstract] | ' | ' | ' |
Total | ' | 105,988 | 111,328 |
Credit Cards [Member] | Pass [Member] | ' | ' | ' |
Loan and lease portfolio, net of unearned income, by grade [Abstract] | ' | ' | ' |
Total | ' | 105,988 | 111,328 |
All Other [Member] | ' | ' | ' |
Loan and lease portfolio, net of unearned income, by grade [Abstract] | ' | ' | ' |
Total | ' | 521,861 | 551,633 |
All Other [Member] | Pass [Member] | ' | ' | ' |
Loan and lease portfolio, net of unearned income, by grade [Abstract] | ' | ' | ' |
Total | ' | 509,729 | 538,467 |
All Other [Member] | Special Mention [Member] | ' | ' | ' |
Loan and lease portfolio, net of unearned income, by grade [Abstract] | ' | ' | ' |
Total | ' | 68 | 71 |
All Other [Member] | Substandard [Member] | ' | ' | ' |
Loan and lease portfolio, net of unearned income, by grade [Abstract] | ' | ' | ' |
Total | ' | 11,876 | 12,832 |
All Other [Member] | Impaired [Member] | ' | ' | ' |
Loan and lease portfolio, net of unearned income, by grade [Abstract] | ' | ' | ' |
Total | ' | $188 | $263 |
LOANS_AND_LEASES_Impaired_Loan
LOANS AND LEASES (Impaired Loans And Leases) (Details) (USD $) | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |
Impaired loans and leases, net of unearned income [Abstract] | ' | ' | ' |
Recorded Investment in Impaired Loans | $41,466,000 | $54,943,000 | $54,943,000 |
Unpaid Balance of Impaired Loans | 55,656,000 | 72,114,000 | ' |
Related Allowance for Credit Losses | 1,588,000 | 4,146,000 | ' |
Average Recorded Investment | 46,883,000 | 103,464,000 | ' |
Interest Income Recognized | 133,000 | 645,000 | ' |
Impaired loans that were characterized as troubled debt restructurings | 14,000,000 | 19,100,000 | ' |
Including Accruing TDRs [Member] | ' | ' | ' |
Impaired loans and leases, net of unearned income [Abstract] | ' | ' | ' |
Recorded Investment in Impaired Loans | 60,359,000 | 86,167,000 | ' |
Unpaid Balance of Impaired Loans | 75,586,000 | 106,063,000 | ' |
Related Allowance for Credit Losses | 3,428,000 | 6,007,000 | ' |
Average Recorded Investment | 64,942,000 | 128,699,000 | ' |
Interest Income Recognized | 457,000 | 1,758,000 | ' |
Commercial And Industrial [Member] | ' | ' | ' |
Impaired loans and leases, net of unearned income [Abstract] | ' | ' | ' |
Recorded Investment in Impaired Loans | 1,295,000 | 1,314,000 | 1,314,000 |
Unpaid Balance of Impaired Loans | 1,295,000 | 1,314,000 | ' |
Related Allowance for Credit Losses | ' | 305,000 | ' |
Average Recorded Investment | 1,301,000 | 3,168,000 | ' |
Interest Income Recognized | 11,000 | 16,000 | ' |
Commercial And Industrial [Member] | Including Accruing TDRs [Member] | ' | ' | ' |
Impaired loans and leases, net of unearned income [Abstract] | ' | ' | ' |
Recorded Investment in Impaired Loans | 2,823,000 | 2,251,000 | ' |
Unpaid Balance of Impaired Loans | 2,824,000 | 2,251,000 | ' |
Related Allowance for Credit Losses | 31,000 | 415,000 | ' |
Average Recorded Investment | 2,712,000 | 3,554,000 | ' |
Interest Income Recognized | 27,000 | 30,000 | ' |
Real Estate [Member] | Consumer Mortgages [Member] | ' | ' | ' |
Impaired loans and leases, net of unearned income [Abstract] | ' | ' | ' |
Recorded Investment in Impaired Loans | 5,125,000 | 6,406,000 | 6,406,000 |
Unpaid Balance of Impaired Loans | 5,655,000 | 7,253,000 | ' |
Related Allowance for Credit Losses | 231,000 | 309,000 | ' |
Average Recorded Investment | 6,391,000 | 12,360,000 | ' |
Interest Income Recognized | 27,000 | 85,000 | ' |
Real Estate [Member] | Consumer Mortgages [Member] | Including Accruing TDRs [Member] | ' | ' | ' |
Impaired loans and leases, net of unearned income [Abstract] | ' | ' | ' |
Recorded Investment in Impaired Loans | 8,953,000 | 9,895,000 | ' |
Unpaid Balance of Impaired Loans | 9,781,000 | 10,969,000 | ' |
Related Allowance for Credit Losses | 803,000 | 771,000 | ' |
Average Recorded Investment | 9,158,000 | 15,864,000 | ' |
Interest Income Recognized | 50,000 | 218,000 | ' |
Real Estate [Member] | Home Equity [Member] | ' | ' | ' |
Impaired loans and leases, net of unearned income [Abstract] | ' | ' | ' |
Recorded Investment in Impaired Loans | 642,000 | 1,140,000 | 1,140,000 |
Unpaid Balance of Impaired Loans | 642,000 | 1,140,000 | ' |
Related Allowance for Credit Losses | 25,000 | 37,000 | ' |
Average Recorded Investment | 220,000 | 1,377,000 | ' |
Interest Income Recognized | 2,000 | 8,000 | ' |
Real Estate [Member] | Home Equity [Member] | Including Accruing TDRs [Member] | ' | ' | ' |
Impaired loans and leases, net of unearned income [Abstract] | ' | ' | ' |
Recorded Investment in Impaired Loans | 672,000 | 1,150,000 | ' |
Unpaid Balance of Impaired Loans | 672,000 | 1,150,000 | ' |
Related Allowance for Credit Losses | 25,000 | ' | ' |
Average Recorded Investment | 239,000 | 1,377,000 | ' |
Interest Income Recognized | 2,000 | 7,000 | ' |
Real Estate [Member] | Agricultural [Member] | ' | ' | ' |
Impaired loans and leases, net of unearned income [Abstract] | ' | ' | ' |
Recorded Investment in Impaired Loans | 436,000 | 882,000 | 882,000 |
Unpaid Balance of Impaired Loans | 743,000 | 1,472,000 | ' |
Related Allowance for Credit Losses | ' | 15,000 | ' |
Average Recorded Investment | 728,000 | 3,688,000 | ' |
Interest Income Recognized | 1,000 | 6,000 | ' |
Real Estate [Member] | Agricultural [Member] | Including Accruing TDRs [Member] | ' | ' | ' |
Impaired loans and leases, net of unearned income [Abstract] | ' | ' | ' |
Recorded Investment in Impaired Loans | 1,061,000 | 1,507,000 | ' |
Unpaid Balance of Impaired Loans | 1,381,000 | 2,111,000 | ' |
Related Allowance for Credit Losses | 36,000 | 43,000 | ' |
Average Recorded Investment | 1,353,000 | 4,157,000 | ' |
Interest Income Recognized | 7,000 | 25,000 | ' |
Real Estate [Member] | Commercial And Industrial - Owner Occupied [Member] | ' | ' | ' |
Impaired loans and leases, net of unearned income [Abstract] | ' | ' | ' |
Recorded Investment in Impaired Loans | 7,046,000 | 11,745,000 | 11,745,000 |
Unpaid Balance of Impaired Loans | 8,905,000 | 14,488,000 | ' |
Related Allowance for Credit Losses | 214,000 | 739,000 | ' |
Average Recorded Investment | 8,429,000 | 12,885,000 | ' |
Interest Income Recognized | 16,000 | 130,000 | ' |
Real Estate [Member] | Commercial And Industrial - Owner Occupied [Member] | Including Accruing TDRs [Member] | ' | ' | ' |
Impaired loans and leases, net of unearned income [Abstract] | ' | ' | ' |
Recorded Investment in Impaired Loans | 14,202,000 | 19,528,000 | ' |
Unpaid Balance of Impaired Loans | 16,063,000 | 22,678,000 | ' |
Related Allowance for Credit Losses | 613,000 | 1,371,000 | ' |
Average Recorded Investment | 15,071,000 | 20,045,000 | ' |
Interest Income Recognized | 84,000 | 426,000 | ' |
Real Estate [Member] | Construction, Acquisition And Development [Member] | ' | ' | ' |
Impaired loans and leases, net of unearned income [Abstract] | ' | ' | ' |
Recorded Investment in Impaired Loans | 7,896,000 | 15,712,000 | 15,712,000 |
Unpaid Balance of Impaired Loans | 10,040,000 | 18,890,000 | ' |
Related Allowance for Credit Losses | ' | 1,599,000 | ' |
Average Recorded Investment | 10,248,000 | 33,866,000 | ' |
Interest Income Recognized | 20,000 | 170,000 | ' |
Real Estate [Member] | Construction, Acquisition And Development [Member] | Including Accruing TDRs [Member] | ' | ' | ' |
Impaired loans and leases, net of unearned income [Abstract] | ' | ' | ' |
Recorded Investment in Impaired Loans | 9,783,000 | 22,446,000 | ' |
Unpaid Balance of Impaired Loans | 12,426,000 | 27,430,000 | ' |
Related Allowance for Credit Losses | 294,000 | 1,554,000 | ' |
Average Recorded Investment | 12,187,000 | 41,058,000 | ' |
Interest Income Recognized | 40,000 | 423,000 | ' |
Real Estate [Member] | Commercial Real Estate [Member] | ' | ' | ' |
Impaired loans and leases, net of unearned income [Abstract] | ' | ' | ' |
Recorded Investment in Impaired Loans | 18,838,000 | 17,481,000 | 17,481,000 |
Unpaid Balance of Impaired Loans | 28,044,000 | 27,152,000 | ' |
Related Allowance for Credit Losses | 1,118,000 | 1,138,000 | ' |
Average Recorded Investment | 19,331,000 | 35,465,000 | ' |
Interest Income Recognized | 54,000 | 224,000 | ' |
Real Estate [Member] | Commercial Real Estate [Member] | Including Accruing TDRs [Member] | ' | ' | ' |
Impaired loans and leases, net of unearned income [Abstract] | ' | ' | ' |
Recorded Investment in Impaired Loans | 21,173,000 | 26,181,000 | ' |
Unpaid Balance of Impaired Loans | 30,593,000 | 36,120,000 | ' |
Related Allowance for Credit Losses | 1,582,000 | 1,604,000 | ' |
Average Recorded Investment | 22,382,000 | 39,325,000 | ' |
Interest Income Recognized | 90,000 | 397,000 | ' |
Credit Cards [Member] | Including Accruing TDRs [Member] | ' | ' | ' |
Impaired loans and leases, net of unearned income [Abstract] | ' | ' | ' |
Recorded Investment in Impaired Loans | 1,411,000 | 1,639,000 | ' |
Unpaid Balance of Impaired Loans | 1,411,000 | 1,639,000 | ' |
Related Allowance for Credit Losses | 33,000 | 51,000 | ' |
Average Recorded Investment | 1,525,000 | 2,018,000 | ' |
Interest Income Recognized | 153,000 | 202,000 | ' |
All Other [Member] | ' | ' | ' |
Impaired loans and leases, net of unearned income [Abstract] | ' | ' | ' |
Recorded Investment in Impaired Loans | 188,000 | 263,000 | 263,000 |
Unpaid Balance of Impaired Loans | 332,000 | 405,000 | ' |
Related Allowance for Credit Losses | ' | 4,000 | ' |
Average Recorded Investment | 235,000 | 655,000 | ' |
Interest Income Recognized | 2,000 | 6,000 | ' |
All Other [Member] | Including Accruing TDRs [Member] | ' | ' | ' |
Impaired loans and leases, net of unearned income [Abstract] | ' | ' | ' |
Recorded Investment in Impaired Loans | 281,000 | 1,570,000 | ' |
Unpaid Balance of Impaired Loans | 435,000 | 1,715,000 | ' |
Related Allowance for Credit Losses | 11,000 | 198,000 | ' |
Average Recorded Investment | 315,000 | 1,301,000 | ' |
Interest Income Recognized | 4,000 | 30,000 | ' |
With No Related Allowance [Member] | ' | ' | ' |
Impaired loans and leases, net of unearned income [Abstract] | ' | ' | ' |
Recorded Investment in Impaired Loans | 36,177,000 | 43,964,000 | ' |
Unpaid Balance of Impaired Loans | 50,367,000 | 59,905,000 | ' |
Average Recorded Investment | 38,146,000 | 74,607,000 | ' |
Interest Income Recognized | 106,000 | 437,000 | ' |
With No Related Allowance [Member] | Including Accruing TDRs [Member] | ' | ' | ' |
Impaired loans and leases, net of unearned income [Abstract] | ' | ' | ' |
Recorded Investment in Impaired Loans | 36,177,000 | 43,964,000 | ' |
Unpaid Balance of Impaired Loans | 50,367,000 | 59,905,000 | ' |
Average Recorded Investment | 38,146,000 | 74,608,000 | ' |
Interest Income Recognized | 106,000 | 437,000 | ' |
With No Related Allowance [Member] | Commercial And Industrial [Member] | ' | ' | ' |
Impaired loans and leases, net of unearned income [Abstract] | ' | ' | ' |
Recorded Investment in Impaired Loans | 1,295,000 | 1,314,000 | ' |
Unpaid Balance of Impaired Loans | 1,295,000 | 1,314,000 | ' |
Average Recorded Investment | 1,301,000 | 2,578,000 | ' |
Interest Income Recognized | 11,000 | 16,000 | ' |
With No Related Allowance [Member] | Commercial And Industrial [Member] | Including Accruing TDRs [Member] | ' | ' | ' |
Impaired loans and leases, net of unearned income [Abstract] | ' | ' | ' |
Recorded Investment in Impaired Loans | 1,295,000 | 1,314,000 | ' |
Unpaid Balance of Impaired Loans | 1,295,000 | 1,314,000 | ' |
Average Recorded Investment | 1,301,000 | 2,579,000 | ' |
Interest Income Recognized | 11,000 | 16,000 | ' |
With No Related Allowance [Member] | Real Estate [Member] | Consumer Mortgages [Member] | ' | ' | ' |
Impaired loans and leases, net of unearned income [Abstract] | ' | ' | ' |
Recorded Investment in Impaired Loans | 4,527,000 | 5,744,000 | ' |
Unpaid Balance of Impaired Loans | 5,057,000 | 6,591,000 | ' |
Average Recorded Investment | 5,239,000 | 8,943,000 | ' |
Interest Income Recognized | 22,000 | 54,000 | ' |
With No Related Allowance [Member] | Real Estate [Member] | Consumer Mortgages [Member] | Including Accruing TDRs [Member] | ' | ' | ' |
Impaired loans and leases, net of unearned income [Abstract] | ' | ' | ' |
Recorded Investment in Impaired Loans | 4,527,000 | 5,744,000 | ' |
Unpaid Balance of Impaired Loans | 5,057,000 | 6,591,000 | ' |
Average Recorded Investment | 5,239,000 | 8,943,000 | ' |
Interest Income Recognized | 22,000 | 54,000 | ' |
With No Related Allowance [Member] | Real Estate [Member] | Home Equity [Member] | ' | ' | ' |
Impaired loans and leases, net of unearned income [Abstract] | ' | ' | ' |
Recorded Investment in Impaired Loans | 219,000 | 712,000 | ' |
Unpaid Balance of Impaired Loans | 219,000 | 712,000 | ' |
Average Recorded Investment | 220,000 | 933,000 | ' |
Interest Income Recognized | 2,000 | 5,000 | ' |
With No Related Allowance [Member] | Real Estate [Member] | Home Equity [Member] | Including Accruing TDRs [Member] | ' | ' | ' |
Impaired loans and leases, net of unearned income [Abstract] | ' | ' | ' |
Recorded Investment in Impaired Loans | 219,000 | 712,000 | ' |
Unpaid Balance of Impaired Loans | 219,000 | 712,000 | ' |
Average Recorded Investment | 220,000 | 933,000 | ' |
Interest Income Recognized | 2,000 | 5,000 | ' |
With No Related Allowance [Member] | Real Estate [Member] | Agricultural [Member] | ' | ' | ' |
Impaired loans and leases, net of unearned income [Abstract] | ' | ' | ' |
Recorded Investment in Impaired Loans | 436,000 | 882,000 | ' |
Unpaid Balance of Impaired Loans | 743,000 | 1,472,000 | ' |
Average Recorded Investment | 566,000 | 3,286,000 | ' |
Interest Income Recognized | 1,000 | 4,000 | ' |
With No Related Allowance [Member] | Real Estate [Member] | Agricultural [Member] | Including Accruing TDRs [Member] | ' | ' | ' |
Impaired loans and leases, net of unearned income [Abstract] | ' | ' | ' |
Recorded Investment in Impaired Loans | 436,000 | 882,000 | ' |
Unpaid Balance of Impaired Loans | 743,000 | 1,472,000 | ' |
Average Recorded Investment | 566,000 | 3,286,000 | ' |
Interest Income Recognized | 1,000 | 4,000 | ' |
With No Related Allowance [Member] | Real Estate [Member] | Commercial And Industrial - Owner Occupied [Member] | ' | ' | ' |
Impaired loans and leases, net of unearned income [Abstract] | ' | ' | ' |
Recorded Investment in Impaired Loans | 6,582,000 | 9,938,000 | ' |
Unpaid Balance of Impaired Loans | 8,441,000 | 12,681,000 | ' |
Average Recorded Investment | 7,227,000 | 8,150,000 | ' |
Interest Income Recognized | 14,000 | 76,000 | ' |
With No Related Allowance [Member] | Real Estate [Member] | Commercial And Industrial - Owner Occupied [Member] | Including Accruing TDRs [Member] | ' | ' | ' |
Impaired loans and leases, net of unearned income [Abstract] | ' | ' | ' |
Recorded Investment in Impaired Loans | 6,582,000 | 9,938,000 | ' |
Unpaid Balance of Impaired Loans | 8,441,000 | 12,681,000 | ' |
Average Recorded Investment | 7,227,000 | 8,150,000 | ' |
Interest Income Recognized | 14,000 | 76,000 | ' |
With No Related Allowance [Member] | Real Estate [Member] | Construction, Acquisition And Development [Member] | ' | ' | ' |
Impaired loans and leases, net of unearned income [Abstract] | ' | ' | ' |
Recorded Investment in Impaired Loans | 7,896,000 | 11,549,000 | ' |
Unpaid Balance of Impaired Loans | 10,040,000 | 13,497,000 | ' |
Average Recorded Investment | 8,878,000 | 25,877,000 | ' |
Interest Income Recognized | 20,000 | 103,000 | ' |
With No Related Allowance [Member] | Real Estate [Member] | Construction, Acquisition And Development [Member] | Including Accruing TDRs [Member] | ' | ' | ' |
Impaired loans and leases, net of unearned income [Abstract] | ' | ' | ' |
Recorded Investment in Impaired Loans | 7,896,000 | 11,549,000 | ' |
Unpaid Balance of Impaired Loans | 10,040,000 | 13,497,000 | ' |
Average Recorded Investment | 8,878,000 | 25,877,000 | ' |
Interest Income Recognized | 20,000 | 103,000 | ' |
With No Related Allowance [Member] | Real Estate [Member] | Commercial Real Estate [Member] | ' | ' | ' |
Impaired loans and leases, net of unearned income [Abstract] | ' | ' | ' |
Recorded Investment in Impaired Loans | 15,034,000 | 13,562,000 | ' |
Unpaid Balance of Impaired Loans | 24,240,000 | 23,233,000 | ' |
Average Recorded Investment | 14,501,000 | 24,185,000 | ' |
Interest Income Recognized | 34,000 | 173,000 | ' |
With No Related Allowance [Member] | Real Estate [Member] | Commercial Real Estate [Member] | Including Accruing TDRs [Member] | ' | ' | ' |
Impaired loans and leases, net of unearned income [Abstract] | ' | ' | ' |
Recorded Investment in Impaired Loans | 15,034,000 | 13,562,000 | ' |
Unpaid Balance of Impaired Loans | 24,240,000 | 23,233,000 | ' |
Average Recorded Investment | 14,501,000 | 24,185,000 | ' |
Interest Income Recognized | 34,000 | 173,000 | ' |
With No Related Allowance [Member] | All Other [Member] | ' | ' | ' |
Impaired loans and leases, net of unearned income [Abstract] | ' | ' | ' |
Recorded Investment in Impaired Loans | 188,000 | 263,000 | ' |
Unpaid Balance of Impaired Loans | 332,000 | 405,000 | ' |
Average Recorded Investment | 214,000 | 655,000 | ' |
Interest Income Recognized | 2,000 | 6,000 | ' |
With No Related Allowance [Member] | All Other [Member] | Including Accruing TDRs [Member] | ' | ' | ' |
Impaired loans and leases, net of unearned income [Abstract] | ' | ' | ' |
Recorded Investment in Impaired Loans | 188,000 | 263,000 | ' |
Unpaid Balance of Impaired Loans | 332,000 | 405,000 | ' |
Average Recorded Investment | 214,000 | 655,000 | ' |
Interest Income Recognized | 2,000 | 6,000 | ' |
With An Allowance [Member] | ' | ' | ' |
Impaired loans and leases, net of unearned income [Abstract] | ' | ' | ' |
Recorded Investment in Impaired Loans | 5,289,000 | 10,979,000 | ' |
Unpaid Balance of Impaired Loans | 5,289,000 | 12,209,000 | ' |
Related Allowance for Credit Losses | 1,588,000 | 4,146,000 | ' |
Average Recorded Investment | 8,737,000 | 28,857,000 | ' |
Interest Income Recognized | 27,000 | 208,000 | ' |
With An Allowance [Member] | Including Accruing TDRs [Member] | ' | ' | ' |
Impaired loans and leases, net of unearned income [Abstract] | ' | ' | ' |
Recorded Investment in Impaired Loans | 24,182,000 | 42,203,000 | ' |
Unpaid Balance of Impaired Loans | 25,219,000 | 46,158,000 | ' |
Related Allowance for Credit Losses | 3,428,000 | 6,007,000 | ' |
Average Recorded Investment | 26,796,000 | 54,091,000 | ' |
Interest Income Recognized | 351,000 | 1,321,000 | ' |
With An Allowance [Member] | Commercial And Industrial [Member] | ' | ' | ' |
Impaired loans and leases, net of unearned income [Abstract] | ' | ' | ' |
Related Allowance for Credit Losses | ' | 305,000 | ' |
Average Recorded Investment | ' | 590,000 | ' |
With An Allowance [Member] | Commercial And Industrial [Member] | Including Accruing TDRs [Member] | ' | ' | ' |
Impaired loans and leases, net of unearned income [Abstract] | ' | ' | ' |
Recorded Investment in Impaired Loans | 1,528,000 | 937,000 | ' |
Unpaid Balance of Impaired Loans | 1,529,000 | 937,000 | ' |
Related Allowance for Credit Losses | 31,000 | 415,000 | ' |
Average Recorded Investment | 1,411,000 | 975,000 | ' |
Interest Income Recognized | 16,000 | 14,000 | ' |
With An Allowance [Member] | Real Estate [Member] | Consumer Mortgages [Member] | ' | ' | ' |
Impaired loans and leases, net of unearned income [Abstract] | ' | ' | ' |
Recorded Investment in Impaired Loans | 598,000 | 662,000 | ' |
Unpaid Balance of Impaired Loans | 598,000 | 662,000 | ' |
Related Allowance for Credit Losses | 231,000 | 309,000 | ' |
Average Recorded Investment | 1,152,000 | 3,417,000 | ' |
Interest Income Recognized | 5,000 | 31,000 | ' |
With An Allowance [Member] | Real Estate [Member] | Consumer Mortgages [Member] | Including Accruing TDRs [Member] | ' | ' | ' |
Impaired loans and leases, net of unearned income [Abstract] | ' | ' | ' |
Recorded Investment in Impaired Loans | 4,426,000 | 4,151,000 | ' |
Unpaid Balance of Impaired Loans | 4,724,000 | 4,378,000 | ' |
Related Allowance for Credit Losses | 803,000 | 771,000 | ' |
Average Recorded Investment | 3,919,000 | 6,921,000 | ' |
Interest Income Recognized | 28,000 | 164,000 | ' |
With An Allowance [Member] | Real Estate [Member] | Home Equity [Member] | ' | ' | ' |
Impaired loans and leases, net of unearned income [Abstract] | ' | ' | ' |
Recorded Investment in Impaired Loans | 423,000 | 428,000 | ' |
Unpaid Balance of Impaired Loans | 423,000 | 428,000 | ' |
Related Allowance for Credit Losses | 25,000 | 37,000 | ' |
Average Recorded Investment | ' | 444,000 | ' |
Interest Income Recognized | ' | 3,000 | ' |
With An Allowance [Member] | Real Estate [Member] | Home Equity [Member] | Including Accruing TDRs [Member] | ' | ' | ' |
Impaired loans and leases, net of unearned income [Abstract] | ' | ' | ' |
Recorded Investment in Impaired Loans | 453,000 | 438,000 | ' |
Unpaid Balance of Impaired Loans | 453,000 | 438,000 | ' |
Related Allowance for Credit Losses | 25,000 | ' | ' |
Average Recorded Investment | 19,000 | 444,000 | ' |
Interest Income Recognized | ' | 2,000 | ' |
With An Allowance [Member] | Real Estate [Member] | Agricultural [Member] | ' | ' | ' |
Impaired loans and leases, net of unearned income [Abstract] | ' | ' | ' |
Related Allowance for Credit Losses | ' | 15,000 | ' |
Average Recorded Investment | 162,000 | 402,000 | ' |
Interest Income Recognized | ' | 2,000 | ' |
With An Allowance [Member] | Real Estate [Member] | Agricultural [Member] | Including Accruing TDRs [Member] | ' | ' | ' |
Impaired loans and leases, net of unearned income [Abstract] | ' | ' | ' |
Recorded Investment in Impaired Loans | 625,000 | 625,000 | ' |
Unpaid Balance of Impaired Loans | 638,000 | 639,000 | ' |
Related Allowance for Credit Losses | 36,000 | 43,000 | ' |
Average Recorded Investment | 787,000 | 871,000 | ' |
Interest Income Recognized | 6,000 | 21,000 | ' |
With An Allowance [Member] | Real Estate [Member] | Commercial And Industrial - Owner Occupied [Member] | ' | ' | ' |
Impaired loans and leases, net of unearned income [Abstract] | ' | ' | ' |
Recorded Investment in Impaired Loans | 464,000 | 1,807,000 | ' |
Unpaid Balance of Impaired Loans | 464,000 | 1,807,000 | ' |
Related Allowance for Credit Losses | 214,000 | 739,000 | ' |
Average Recorded Investment | 1,202,000 | 4,735,000 | ' |
Interest Income Recognized | 2,000 | 54,000 | ' |
With An Allowance [Member] | Real Estate [Member] | Commercial And Industrial - Owner Occupied [Member] | Including Accruing TDRs [Member] | ' | ' | ' |
Impaired loans and leases, net of unearned income [Abstract] | ' | ' | ' |
Recorded Investment in Impaired Loans | 7,620,000 | 9,590,000 | ' |
Unpaid Balance of Impaired Loans | 7,622,000 | 9,997,000 | ' |
Related Allowance for Credit Losses | 613,000 | 1,371,000 | ' |
Average Recorded Investment | 7,844,000 | 11,895,000 | ' |
Interest Income Recognized | 70,000 | 350,000 | ' |
With An Allowance [Member] | Real Estate [Member] | Construction, Acquisition And Development [Member] | ' | ' | ' |
Impaired loans and leases, net of unearned income [Abstract] | ' | ' | ' |
Recorded Investment in Impaired Loans | ' | 4,163,000 | ' |
Unpaid Balance of Impaired Loans | ' | 5,393,000 | ' |
Related Allowance for Credit Losses | ' | 1,599,000 | ' |
Average Recorded Investment | 1,370,000 | 7,989,000 | ' |
Interest Income Recognized | ' | 67,000 | ' |
With An Allowance [Member] | Real Estate [Member] | Construction, Acquisition And Development [Member] | Including Accruing TDRs [Member] | ' | ' | ' |
Impaired loans and leases, net of unearned income [Abstract] | ' | ' | ' |
Recorded Investment in Impaired Loans | 1,887,000 | 10,897,000 | ' |
Unpaid Balance of Impaired Loans | 2,386,000 | 13,933,000 | ' |
Related Allowance for Credit Losses | 294,000 | 1,554,000 | ' |
Average Recorded Investment | 3,309,000 | 15,181,000 | ' |
Interest Income Recognized | 20,000 | 320,000 | ' |
With An Allowance [Member] | Real Estate [Member] | Commercial Real Estate [Member] | ' | ' | ' |
Impaired loans and leases, net of unearned income [Abstract] | ' | ' | ' |
Recorded Investment in Impaired Loans | 3,804,000 | 3,919,000 | ' |
Unpaid Balance of Impaired Loans | 3,804,000 | 3,919,000 | ' |
Related Allowance for Credit Losses | 1,118,000 | 1,138,000 | ' |
Average Recorded Investment | 4,830,000 | 11,280,000 | ' |
Interest Income Recognized | 20,000 | 51,000 | ' |
With An Allowance [Member] | Real Estate [Member] | Commercial Real Estate [Member] | Including Accruing TDRs [Member] | ' | ' | ' |
Impaired loans and leases, net of unearned income [Abstract] | ' | ' | ' |
Recorded Investment in Impaired Loans | 6,139,000 | 12,619,000 | ' |
Unpaid Balance of Impaired Loans | 6,353,000 | 12,887,000 | ' |
Related Allowance for Credit Losses | 1,582,000 | 1,604,000 | ' |
Average Recorded Investment | 7,881,000 | 15,140,000 | ' |
Interest Income Recognized | 56,000 | 224,000 | ' |
With An Allowance [Member] | All Other [Member] | ' | ' | ' |
Impaired loans and leases, net of unearned income [Abstract] | ' | ' | ' |
Related Allowance for Credit Losses | ' | 4,000 | ' |
Average Recorded Investment | 21,000 | ' | ' |
With An Allowance [Member] | All Other [Member] | Including Accruing TDRs [Member] | ' | ' | ' |
Impaired loans and leases, net of unearned income [Abstract] | ' | ' | ' |
Recorded Investment in Impaired Loans | 93,000 | 1,307,000 | ' |
Unpaid Balance of Impaired Loans | 103,000 | 1,310,000 | ' |
Related Allowance for Credit Losses | 11,000 | 198,000 | ' |
Average Recorded Investment | 101,000 | 646,000 | ' |
Interest Income Recognized | $2,000 | $24,000 | ' |
LOANS_AND_LEASES_NonPerforming
LOANS AND LEASES (Non-Performing And Nonaccrual Loans and Leases) (Details) (USD $) | 3 Months Ended | ||
In Thousands, unless otherwise specified | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2013 |
Nonaccrual loans and leases [Abstract] | ' | ' | ' |
Non-accrual loans and leases | $77,531 | $92,173 | $188,190 |
Loans and leases 90 days or more past due, still accruing | 1,949 | 1,226 | 1,125 |
Restructured loans and leases still accruing | 13,776 | 27,007 | 17,702 |
Total non-performing loans and leases | 93,256 | 120,406 | 207,017 |
Days past due of principal or interest at which loans and leases may be placed in non-accrual status | '90 days | ' | ' |
Commercial And Industrial [Member] | ' | ' | ' |
Nonaccrual loans and leases [Abstract] | ' | ' | ' |
Non-accrual loans and leases | 3,023 | 3,079 | 7,009 |
Loans and leases 90 days or more past due, still accruing | 287 | 27 | ' |
Real Estate [Member] | Consumer Mortgages [Member] | ' | ' | ' |
Nonaccrual loans and leases [Abstract] | ' | ' | ' |
Non-accrual loans and leases | 24,353 | 25,645 | 39,012 |
Loans and leases 90 days or more past due, still accruing | 1,307 | 888 | ' |
Real Estate [Member] | Home Equity [Member] | ' | ' | ' |
Nonaccrual loans and leases [Abstract] | ' | ' | ' |
Non-accrual loans and leases | 2,740 | 3,695 | 4,272 |
Loans and leases 90 days or more past due, still accruing | 12 | ' | ' |
Real Estate [Member] | Agricultural [Member] | ' | ' | ' |
Nonaccrual loans and leases [Abstract] | ' | ' | ' |
Non-accrual loans and leases | 651 | 1,260 | 6,667 |
Real Estate [Member] | Commercial And Industrial - Owner Occupied [Member] | ' | ' | ' |
Nonaccrual loans and leases [Abstract] | ' | ' | ' |
Non-accrual loans and leases | 14,122 | 18,568 | 20,719 |
Real Estate [Member] | Construction, Acquisition And Development [Member] | ' | ' | ' |
Nonaccrual loans and leases [Abstract] | ' | ' | ' |
Non-accrual loans and leases | 9,968 | 17,567 | 51,728 |
Real Estate [Member] | Commercial Real Estate [Member] | ' | ' | ' |
Nonaccrual loans and leases [Abstract] | ' | ' | ' |
Non-accrual loans and leases | 21,496 | 20,972 | 55,318 |
Loans and leases 90 days or more past due, still accruing | ' | 311 | ' |
Credit Cards [Member] | ' | ' | ' |
Nonaccrual loans and leases [Abstract] | ' | ' | ' |
Non-accrual loans and leases | 168 | 119 | 418 |
Loans and leases 90 days or more past due, still accruing | 297 | ' | ' |
All Other [Member] | ' | ' | ' |
Nonaccrual loans and leases [Abstract] | ' | ' | ' |
Non-accrual loans and leases | 1,010 | 1,268 | 3,047 |
Loans and leases 90 days or more past due, still accruing | $46 | ' | ' |
LOANS_AND_LEASES_Troubled_Debt
LOANS AND LEASES (Troubled Debt Restructurings) (Details) (USD $) | 3 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Dec. 31, 2013 |
contract | contract | |
Financial effects of TDRs [Abstract] | ' | ' |
Number of Contracts | 35 | 60 |
Pre-Modification Outstanding Recorded Investment | $7,069 | $12,413 |
Post-Modification Outstanding Recorded Investment | 6,250 | 12,140 |
TDRs modified for which there was a payment default [Abstract] | ' | ' |
Number of Contracts | 4 | 26 |
Recorded Investment | 361 | 7,329 |
Commercial And Industrial [Member] | ' | ' |
Financial effects of TDRs [Abstract] | ' | ' |
Number of Contracts | 5 | 3 |
Pre-Modification Outstanding Recorded Investment | 613 | 919 |
Post-Modification Outstanding Recorded Investment | 613 | 919 |
TDRs modified for which there was a payment default [Abstract] | ' | ' |
Number of Contracts | ' | 3 |
Recorded Investment | ' | 129 |
Real Estate [Member] | Consumer Mortgages [Member] | ' | ' |
Financial effects of TDRs [Abstract] | ' | ' |
Number of Contracts | 10 | 23 |
Pre-Modification Outstanding Recorded Investment | 2,623 | 1,843 |
Post-Modification Outstanding Recorded Investment | 2,098 | 1,840 |
TDRs modified for which there was a payment default [Abstract] | ' | ' |
Number of Contracts | 2 | 9 |
Recorded Investment | 81 | 823 |
Real Estate [Member] | Home Equity [Member] | ' | ' |
Financial effects of TDRs [Abstract] | ' | ' |
Number of Contracts | 2 | 2 |
Pre-Modification Outstanding Recorded Investment | 31 | 25 |
Post-Modification Outstanding Recorded Investment | 30 | 10 |
Real Estate [Member] | Commercial And Industrial - Owner Occupied [Member] | ' | ' |
Financial effects of TDRs [Abstract] | ' | ' |
Number of Contracts | 7 | 8 |
Pre-Modification Outstanding Recorded Investment | 1,997 | 3,821 |
Post-Modification Outstanding Recorded Investment | 1,704 | 3,815 |
TDRs modified for which there was a payment default [Abstract] | ' | ' |
Number of Contracts | ' | 6 |
Recorded Investment | ' | 877 |
Real Estate [Member] | Construction, Acquisition And Development [Member] | ' | ' |
Financial effects of TDRs [Abstract] | ' | ' |
Number of Contracts | 1 | 15 |
Pre-Modification Outstanding Recorded Investment | 878 | 3,071 |
Post-Modification Outstanding Recorded Investment | 878 | 2,826 |
TDRs modified for which there was a payment default [Abstract] | ' | ' |
Number of Contracts | 2 | 3 |
Recorded Investment | 280 | 1,874 |
Real Estate [Member] | Commercial Real Estate [Member] | ' | ' |
Financial effects of TDRs [Abstract] | ' | ' |
Number of Contracts | 4 | 4 |
Pre-Modification Outstanding Recorded Investment | 875 | 1,574 |
Post-Modification Outstanding Recorded Investment | 876 | 1,570 |
TDRs modified for which there was a payment default [Abstract] | ' | ' |
Number of Contracts | ' | 4 |
Recorded Investment | ' | 3,625 |
All Other [Member] | ' | ' |
Financial effects of TDRs [Abstract] | ' | ' |
Number of Contracts | 6 | 5 |
Pre-Modification Outstanding Recorded Investment | 52 | 1,160 |
Post-Modification Outstanding Recorded Investment | 51 | 1,160 |
TDRs modified for which there was a payment default [Abstract] | ' | ' |
Number of Contracts | ' | 1 |
Recorded Investment | ' | $1 |
ALLOWANCE_FOR_CREDIT_LOSSES_Ch
ALLOWANCE FOR CREDIT LOSSES (Changes In The Allowance For Credit Losses By Segment And Class) (Details) (USD $) | 3 Months Ended | 12 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 | Dec. 31, 2013 |
Changes in the allowance for credit losses [Roll Forward] | ' | ' | ' |
Balance at beginning of period | $153,236 | $164,466 | $164,466 |
Charge-offs | -8,075 | -9,737 | -42,192 |
Recoveries | 4,543 | 3,872 | 23,462 |
Provision | ' | 4,000 | 7,500 |
Balance at end of period | 149,704 | 162,601 | 153,236 |
Commercial And Industrial [Member] | ' | ' | ' |
Changes in the allowance for credit losses [Roll Forward] | ' | ' | ' |
Balance at beginning of period | 18,376 | 23,286 | 23,286 |
Charge-offs | -201 | -1,938 | -4,672 |
Recoveries | 1,076 | 589 | 3,517 |
Provision | -337 | 1,118 | -3,755 |
Balance at end of period | 18,914 | 23,055 | 18,376 |
Real Estate [Member] | Consumer Mortgages [Member] | ' | ' | ' |
Changes in the allowance for credit losses [Roll Forward] | ' | ' | ' |
Balance at beginning of period | 39,525 | 35,966 | 35,966 |
Charge-offs | -1,945 | -1,614 | -9,159 |
Recoveries | 538 | 1,108 | 5,067 |
Provision | 210 | 198 | 7,651 |
Balance at end of period | 38,328 | 35,658 | 39,525 |
Real Estate [Member] | Home Equity [Member] | ' | ' | ' |
Changes in the allowance for credit losses [Roll Forward] | ' | ' | ' |
Balance at beginning of period | 5,663 | 6,005 | 6,005 |
Charge-offs | -318 | -602 | -1,469 |
Recoveries | 184 | 260 | 607 |
Provision | 183 | 421 | 520 |
Balance at end of period | 5,712 | 6,084 | 5,663 |
Real Estate [Member] | Agricultural [Member] | ' | ' | ' |
Changes in the allowance for credit losses [Roll Forward] | ' | ' | ' |
Balance at beginning of period | 2,800 | 3,301 | 3,301 |
Charge-offs | -696 | -2 | -736 |
Recoveries | 9 | 13 | 215 |
Provision | 721 | 408 | 20 |
Balance at end of period | 2,834 | 3,720 | 2,800 |
Real Estate [Member] | Commercial And Industrial - Owner Occupied [Member] | ' | ' | ' |
Changes in the allowance for credit losses [Roll Forward] | ' | ' | ' |
Balance at beginning of period | 17,059 | 20,178 | 20,178 |
Charge-offs | -1,206 | -300 | -3,855 |
Recoveries | 358 | 254 | 2,724 |
Provision | 350 | 251 | -1,988 |
Balance at end of period | 16,561 | 20,383 | 17,059 |
Real Estate [Member] | Construction, Acquisition And Development [Member] | ' | ' | ' |
Changes in the allowance for credit losses [Roll Forward] | ' | ' | ' |
Balance at beginning of period | 11,828 | 21,905 | 21,905 |
Charge-offs | -1,666 | -1,198 | -6,745 |
Recoveries | 1,637 | 886 | 4,682 |
Provision | -1,479 | 2,189 | -8,014 |
Balance at end of period | 10,320 | 23,782 | 11,828 |
Real Estate [Member] | Commercial Real Estate [Member] | ' | ' | ' |
Changes in the allowance for credit losses [Roll Forward] | ' | ' | ' |
Balance at beginning of period | 43,853 | 40,081 | 40,081 |
Charge-offs | -901 | -3,141 | -10,341 |
Recoveries | 323 | 339 | 4,978 |
Provision | 1,496 | -1,304 | 9,135 |
Balance at end of period | 44,771 | 35,975 | 43,853 |
Credit Cards [Member] | ' | ' | ' |
Changes in the allowance for credit losses [Roll Forward] | ' | ' | ' |
Balance at beginning of period | 3,782 | 3,611 | 3,611 |
Charge-offs | -559 | -450 | -2,316 |
Recoveries | 131 | 148 | 629 |
Provision | -868 | 90 | 1,858 |
Balance at end of period | 2,486 | 3,399 | 3,782 |
All Other [Member] | ' | ' | ' |
Changes in the allowance for credit losses [Roll Forward] | ' | ' | ' |
Balance at beginning of period | 10,350 | 10,133 | 10,133 |
Charge-offs | -583 | -492 | -2,899 |
Recoveries | 287 | 275 | 1,043 |
Provision | -276 | 629 | 2,073 |
Balance at end of period | $9,778 | $10,545 | $10,350 |
ALLOWANCE_FOR_CREDIT_LOSSES_Al
ALLOWANCE FOR CREDIT LOSSES (Allowance For Credit Losses By Segment, Class And Impairment Status) (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2013 | Dec. 31, 2012 |
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' |
Recorded balance of impaired loans | $41,466,000 | $54,943,000 | ' | $54,943,000 |
Allowance for impaired loans and leases | 1,588,000 | 4,146,000 | ' | ' |
Allowance for all other loans and leases | 148,116,000 | 149,090,000 | ' | ' |
Total allowance | 149,704,000 | 153,236,000 | 162,601,000 | 164,466,000 |
Evaluated for impairment threshold | 500,000 | ' | ' | ' |
Commercial And Industrial [Member] | ' | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' |
Recorded balance of impaired loans | 1,295,000 | 1,314,000 | ' | 1,314,000 |
Allowance for impaired loans and leases | ' | 305,000 | ' | ' |
Allowance for all other loans and leases | 18,914,000 | 18,071,000 | ' | ' |
Total allowance | 18,914,000 | 18,376,000 | 23,055,000 | 23,286,000 |
Real Estate [Member] | Consumer Mortgages [Member] | ' | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' |
Recorded balance of impaired loans | 5,125,000 | 6,406,000 | ' | 6,406,000 |
Allowance for impaired loans and leases | 231,000 | 309,000 | ' | ' |
Allowance for all other loans and leases | 38,097,000 | 39,216,000 | ' | ' |
Total allowance | 38,328,000 | 39,525,000 | 35,658,000 | 35,966,000 |
Real Estate [Member] | Home Equity [Member] | ' | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' |
Recorded balance of impaired loans | 642,000 | 1,140,000 | ' | 1,140,000 |
Allowance for impaired loans and leases | 25,000 | 37,000 | ' | ' |
Allowance for all other loans and leases | 5,687,000 | 5,626,000 | ' | ' |
Total allowance | 5,712,000 | 5,663,000 | 6,084,000 | 6,005,000 |
Real Estate [Member] | Agricultural [Member] | ' | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' |
Recorded balance of impaired loans | 436,000 | 882,000 | ' | 882,000 |
Allowance for impaired loans and leases | ' | 15,000 | ' | ' |
Allowance for all other loans and leases | 2,834,000 | 2,785,000 | ' | ' |
Total allowance | 2,834,000 | 2,800,000 | 3,720,000 | 3,301,000 |
Real Estate [Member] | Commercial And Industrial - Owner Occupied [Member] | ' | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' |
Recorded balance of impaired loans | 7,046,000 | 11,745,000 | ' | 11,745,000 |
Allowance for impaired loans and leases | 214,000 | 739,000 | ' | ' |
Allowance for all other loans and leases | 16,347,000 | 16,320,000 | ' | ' |
Total allowance | 16,561,000 | 17,059,000 | 20,383,000 | 20,178,000 |
Real Estate [Member] | Construction, Acquisition And Development [Member] | ' | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' |
Recorded balance of impaired loans | 7,896,000 | 15,712,000 | ' | 15,712,000 |
Allowance for impaired loans and leases | ' | 1,599,000 | ' | ' |
Allowance for all other loans and leases | 10,320,000 | 10,229,000 | ' | ' |
Total allowance | 10,320,000 | 11,828,000 | 23,782,000 | 21,905,000 |
Real Estate [Member] | Commercial Real Estate [Member] | ' | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' |
Recorded balance of impaired loans | 18,838,000 | 17,481,000 | ' | 17,481,000 |
Allowance for impaired loans and leases | 1,118,000 | 1,138,000 | ' | ' |
Allowance for all other loans and leases | 43,653,000 | 42,715,000 | ' | ' |
Total allowance | 44,771,000 | 43,853,000 | 35,975,000 | 40,081,000 |
Credit Cards [Member] | ' | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' |
Allowance for all other loans and leases | 2,486,000 | 3,782,000 | ' | ' |
Total allowance | 2,486,000 | 3,782,000 | 3,399,000 | 3,611,000 |
All Other [Member] | ' | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' |
Recorded balance of impaired loans | 188,000 | 263,000 | ' | 263,000 |
Allowance for impaired loans and leases | ' | 4,000 | ' | ' |
Allowance for all other loans and leases | 9,778,000 | 10,346,000 | ' | ' |
Total allowance | $9,778,000 | $10,350,000 | $10,545,000 | $10,133,000 |
OTHER_REAL_ESTATE_OWNED_Detail
OTHER REAL ESTATE OWNED (Details) (USD $) | 3 Months Ended | 12 Months Ended | ||||
Mar. 31, 2014 | Mar. 31, 2013 | Dec. 31, 2013 | ||||
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' | |||
Balance at beginning of period | $69,338,000 | [1] | $103,248,000 | $103,248,000 | ||
New foreclosed properties | 4,855,000 | 2,222,000 | 29,265,000 | |||
Sales | -8,767,000 | -7,811,000 | -57,057,000 | |||
Writedowns | -1,831,000 | -1,345,000 | -6,118,000 | |||
Balance at end of period | 63,595,000 | 96,314,000 | 69,338,000 | [1] | ||
Other real estate owned by geographical location, segment and class [Abstract] | ' | ' | ' | |||
Total | 63,595,000 | 96,314,000 | 69,338,000 | [1] | ||
Foreclosed property expenses [Abstract] | ' | ' | ' | |||
Total foreclosed property expenses | 2,555,000 | 2,354,000 | ' | |||
Realized net losses on dispositions and holding losses on valuations of foreclosed properties | 2,300,000 | 1,100,000 | ' | |||
Alabama and Florida Panhandle [Member] | ' | ' | ' | |||
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' | |||
Balance at end of period | 17,675,000 | 16,390,000 | 19,322,000 | |||
Other real estate owned by geographical location, segment and class [Abstract] | ' | ' | ' | |||
Total | 17,675,000 | 16,390,000 | 19,322,000 | |||
Arkansas [Member] | ' | ' | ' | |||
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' | |||
Balance at end of period | 675,000 | [2] | 3,423,000 | [2] | 1,289,000 | [2] |
Other real estate owned by geographical location, segment and class [Abstract] | ' | ' | ' | |||
Total | 675,000 | [2] | 3,423,000 | [2] | 1,289,000 | [2] |
Mississippi [Member] | ' | ' | ' | |||
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' | |||
Balance at end of period | 16,446,000 | [2] | 18,490,000 | [2] | 15,032,000 | [2] |
Other real estate owned by geographical location, segment and class [Abstract] | ' | ' | ' | |||
Total | 16,446,000 | [2] | 18,490,000 | [2] | 15,032,000 | [2] |
Missouri [Member] | ' | ' | ' | |||
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' | |||
Balance at end of period | 923,000 | 525,000 | 1,092,000 | |||
Other real estate owned by geographical location, segment and class [Abstract] | ' | ' | ' | |||
Total | 923,000 | 525,000 | 1,092,000 | |||
Greater Memphis Area [Member] | ' | ' | ' | |||
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' | |||
Balance at end of period | 23,128,000 | 42,020,000 | 25,369,000 | |||
Other real estate owned by geographical location, segment and class [Abstract] | ' | ' | ' | |||
Total | 23,128,000 | 42,020,000 | 25,369,000 | |||
Tennessee [Member] | ' | ' | ' | |||
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' | |||
Balance at end of period | 4,095,000 | [2] | 11,826,000 | [2] | 6,339,000 | [2] |
Other real estate owned by geographical location, segment and class [Abstract] | ' | ' | ' | |||
Total | 4,095,000 | [2] | 11,826,000 | [2] | 6,339,000 | [2] |
Texas and Louisiana [Member] | ' | ' | ' | |||
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' | |||
Balance at end of period | 620,000 | 3,046,000 | 596,000 | |||
Other real estate owned by geographical location, segment and class [Abstract] | ' | ' | ' | |||
Total | 620,000 | 3,046,000 | 596,000 | |||
Other Geographical Areas [Member] | ' | ' | ' | |||
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' | |||
Balance at end of period | 33,000 | 594,000 | 299,000 | |||
Other real estate owned by geographical location, segment and class [Abstract] | ' | ' | ' | |||
Total | 33,000 | 594,000 | 299,000 | |||
Commercial And Industrial [Member] | ' | ' | ' | |||
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' | |||
Balance at end of period | 84,000 | 241,000 | 223,000 | |||
Other real estate owned by geographical location, segment and class [Abstract] | ' | ' | ' | |||
Total | 84,000 | 241,000 | 223,000 | |||
Commercial And Industrial [Member] | Alabama and Florida Panhandle [Member] | ' | ' | ' | |||
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' | |||
Balance at end of period | 84,000 | 241,000 | 223,000 | |||
Other real estate owned by geographical location, segment and class [Abstract] | ' | ' | ' | |||
Total | 84,000 | 241,000 | 223,000 | |||
Real Estate [Member] | Consumer Mortgages [Member] | ' | ' | ' | |||
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' | |||
Balance at end of period | 3,853,000 | 6,598,000 | 3,937,000 | |||
Other real estate owned by geographical location, segment and class [Abstract] | ' | ' | ' | |||
Total | 3,853,000 | 6,598,000 | 3,937,000 | |||
Real Estate [Member] | Home Equity [Member] | ' | ' | ' | |||
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' | |||
Balance at end of period | 998,000 | 44,000 | 442,000 | |||
Other real estate owned by geographical location, segment and class [Abstract] | ' | ' | ' | |||
Total | 998,000 | 44,000 | 442,000 | |||
Real Estate [Member] | Agricultural [Member] | ' | ' | ' | |||
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' | |||
Balance at end of period | 2,206,000 | 4,354,000 | 3,137,000 | |||
Other real estate owned by geographical location, segment and class [Abstract] | ' | ' | ' | |||
Total | 2,206,000 | 4,354,000 | 3,137,000 | |||
Real Estate [Member] | Commercial And Industrial - Owner Occupied [Member] | ' | ' | ' | |||
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' | |||
Balance at end of period | 2,726,000 | 4,250,000 | 1,646,000 | |||
Other real estate owned by geographical location, segment and class [Abstract] | ' | ' | ' | |||
Total | 2,726,000 | 4,250,000 | 1,646,000 | |||
Real Estate [Member] | Construction, Acquisition And Development [Member] | ' | ' | ' | |||
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' | |||
Balance at end of period | 51,085,000 | 76,739,000 | 57,273,000 | |||
Other real estate owned by geographical location, segment and class [Abstract] | ' | ' | ' | |||
Total | 51,085,000 | 76,739,000 | 57,273,000 | |||
Real Estate [Member] | Commercial Real Estate [Member] | ' | ' | ' | |||
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' | |||
Balance at end of period | 2,378,000 | 2,881,000 | 2,358,000 | |||
Other real estate owned by geographical location, segment and class [Abstract] | ' | ' | ' | |||
Total | 2,378,000 | 2,881,000 | 2,358,000 | |||
Real Estate [Member] | Alabama and Florida Panhandle [Member] | Consumer Mortgages [Member] | ' | ' | ' | |||
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' | |||
Balance at end of period | 822,000 | 1,114,000 | 1,613,000 | |||
Other real estate owned by geographical location, segment and class [Abstract] | ' | ' | ' | |||
Total | 822,000 | 1,114,000 | 1,613,000 | |||
Real Estate [Member] | Alabama and Florida Panhandle [Member] | Home Equity [Member] | ' | ' | ' | |||
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' | |||
Balance at end of period | 442,000 | ' | 442,000 | |||
Other real estate owned by geographical location, segment and class [Abstract] | ' | ' | ' | |||
Total | 442,000 | ' | 442,000 | |||
Real Estate [Member] | Alabama and Florida Panhandle [Member] | Agricultural [Member] | ' | ' | ' | |||
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' | |||
Balance at end of period | 907,000 | 870,000 | 907,000 | |||
Other real estate owned by geographical location, segment and class [Abstract] | ' | ' | ' | |||
Total | 907,000 | 870,000 | 907,000 | |||
Real Estate [Member] | Alabama and Florida Panhandle [Member] | Commercial And Industrial - Owner Occupied [Member] | ' | ' | ' | |||
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' | |||
Balance at end of period | 33,000 | 157,000 | 33,000 | |||
Other real estate owned by geographical location, segment and class [Abstract] | ' | ' | ' | |||
Total | 33,000 | 157,000 | 33,000 | |||
Real Estate [Member] | Alabama and Florida Panhandle [Member] | Construction, Acquisition And Development [Member] | ' | ' | ' | |||
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' | |||
Balance at end of period | 15,035,000 | 13,605,000 | 15,667,000 | |||
Other real estate owned by geographical location, segment and class [Abstract] | ' | ' | ' | |||
Total | 15,035,000 | 13,605,000 | 15,667,000 | |||
Real Estate [Member] | Alabama and Florida Panhandle [Member] | Commercial Real Estate [Member] | ' | ' | ' | |||
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' | |||
Balance at end of period | 352,000 | 356,000 | 353,000 | |||
Other real estate owned by geographical location, segment and class [Abstract] | ' | ' | ' | |||
Total | 352,000 | 356,000 | 353,000 | |||
Real Estate [Member] | Arkansas [Member] | Consumer Mortgages [Member] | ' | ' | ' | |||
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' | |||
Balance at end of period | 232,000 | [2] | 734,000 | [2] | 309,000 | [2] |
Other real estate owned by geographical location, segment and class [Abstract] | ' | ' | ' | |||
Total | 232,000 | [2] | 734,000 | [2] | 309,000 | [2] |
Real Estate [Member] | Arkansas [Member] | Home Equity [Member] | ' | ' | ' | |||
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' | |||
Balance at end of period | ' | ' | ' | [2] | ||
Other real estate owned by geographical location, segment and class [Abstract] | ' | ' | ' | |||
Total | ' | ' | ' | [2] | ||
Real Estate [Member] | Arkansas [Member] | Commercial And Industrial - Owner Occupied [Member] | ' | ' | ' | |||
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' | |||
Balance at end of period | 33,000 | [2] | 101,000 | [2] | 32,000 | [2] |
Other real estate owned by geographical location, segment and class [Abstract] | ' | ' | ' | |||
Total | 33,000 | [2] | 101,000 | [2] | 32,000 | [2] |
Real Estate [Member] | Arkansas [Member] | Construction, Acquisition And Development [Member] | ' | ' | ' | |||
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' | |||
Balance at end of period | 94,000 | [2] | 1,167,000 | [2] | 631,000 | [2] |
Other real estate owned by geographical location, segment and class [Abstract] | ' | ' | ' | |||
Total | 94,000 | [2] | 1,167,000 | [2] | 631,000 | [2] |
Real Estate [Member] | Arkansas [Member] | Commercial Real Estate [Member] | ' | ' | ' | |||
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' | |||
Balance at end of period | 316,000 | [2] | 1,410,000 | [2] | 316,000 | [2] |
Other real estate owned by geographical location, segment and class [Abstract] | ' | ' | ' | |||
Total | 316,000 | [2] | 1,410,000 | [2] | 316,000 | [2] |
Real Estate [Member] | Mississippi [Member] | Consumer Mortgages [Member] | ' | ' | ' | |||
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' | |||
Balance at end of period | 2,465,000 | [2] | 2,653,000 | [2] | 1,532,000 | [2] |
Other real estate owned by geographical location, segment and class [Abstract] | ' | ' | ' | |||
Total | 2,465,000 | [2] | 2,653,000 | [2] | 1,532,000 | [2] |
Real Estate [Member] | Mississippi [Member] | Home Equity [Member] | ' | ' | ' | |||
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' | |||
Balance at end of period | 556,000 | [2] | 44,000 | [2] | ' | [2] |
Other real estate owned by geographical location, segment and class [Abstract] | ' | ' | ' | |||
Total | 556,000 | [2] | 44,000 | [2] | ' | [2] |
Real Estate [Member] | Mississippi [Member] | Agricultural [Member] | ' | ' | ' | |||
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' | |||
Balance at end of period | 216,000 | [2] | ' | 216,000 | [2] | |
Other real estate owned by geographical location, segment and class [Abstract] | ' | ' | ' | |||
Total | 216,000 | [2] | ' | 216,000 | [2] | |
Real Estate [Member] | Mississippi [Member] | Commercial And Industrial - Owner Occupied [Member] | ' | ' | ' | |||
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' | |||
Balance at end of period | 1,703,000 | [2] | 1,139,000 | [2] | 1,002,000 | [2] |
Other real estate owned by geographical location, segment and class [Abstract] | ' | ' | ' | |||
Total | 1,703,000 | [2] | 1,139,000 | [2] | 1,002,000 | [2] |
Real Estate [Member] | Mississippi [Member] | Construction, Acquisition And Development [Member] | ' | ' | ' | |||
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' | |||
Balance at end of period | 10,853,000 | [2] | 14,586,000 | [2] | 11,631,000 | [2] |
Other real estate owned by geographical location, segment and class [Abstract] | ' | ' | ' | |||
Total | 10,853,000 | [2] | 14,586,000 | [2] | 11,631,000 | [2] |
Real Estate [Member] | Mississippi [Member] | Commercial Real Estate [Member] | ' | ' | ' | |||
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' | |||
Balance at end of period | 568,000 | [2] | 4,000 | [2] | 569,000 | [2] |
Other real estate owned by geographical location, segment and class [Abstract] | ' | ' | ' | |||
Total | 568,000 | [2] | 4,000 | [2] | 569,000 | [2] |
Real Estate [Member] | Missouri [Member] | Consumer Mortgages [Member] | ' | ' | ' | |||
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' | |||
Balance at end of period | 62,000 | ' | 33,000 | |||
Other real estate owned by geographical location, segment and class [Abstract] | ' | ' | ' | |||
Total | 62,000 | ' | 33,000 | |||
Real Estate [Member] | Missouri [Member] | Home Equity [Member] | ' | ' | ' | |||
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' | |||
Balance at end of period | ' | ' | ' | |||
Other real estate owned by geographical location, segment and class [Abstract] | ' | ' | ' | |||
Total | ' | ' | ' | |||
Real Estate [Member] | Missouri [Member] | Construction, Acquisition And Development [Member] | ' | ' | ' | |||
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' | |||
Balance at end of period | 861,000 | 431,000 | 1,059,000 | |||
Other real estate owned by geographical location, segment and class [Abstract] | ' | ' | ' | |||
Total | 861,000 | 431,000 | 1,059,000 | |||
Real Estate [Member] | Greater Memphis Area [Member] | Consumer Mortgages [Member] | ' | ' | ' | |||
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' | |||
Balance at end of period | 68,000 | 756,000 | 132,000 | |||
Other real estate owned by geographical location, segment and class [Abstract] | ' | ' | ' | |||
Total | 68,000 | 756,000 | 132,000 | |||
Real Estate [Member] | Greater Memphis Area [Member] | Home Equity [Member] | ' | ' | ' | |||
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' | |||
Balance at end of period | ' | ' | ' | |||
Other real estate owned by geographical location, segment and class [Abstract] | ' | ' | ' | |||
Total | ' | ' | ' | |||
Real Estate [Member] | Greater Memphis Area [Member] | Agricultural [Member] | ' | ' | ' | |||
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' | |||
Balance at end of period | 1,083,000 | 1,106,000 | 1,084,000 | |||
Other real estate owned by geographical location, segment and class [Abstract] | ' | ' | ' | |||
Total | 1,083,000 | 1,106,000 | 1,084,000 | |||
Real Estate [Member] | Greater Memphis Area [Member] | Commercial And Industrial - Owner Occupied [Member] | ' | ' | ' | |||
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' | |||
Balance at end of period | 827,000 | 2,638,000 | 449,000 | |||
Other real estate owned by geographical location, segment and class [Abstract] | ' | ' | ' | |||
Total | 827,000 | 2,638,000 | 449,000 | |||
Real Estate [Member] | Greater Memphis Area [Member] | Construction, Acquisition And Development [Member] | ' | ' | ' | |||
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' | |||
Balance at end of period | 20,114,000 | 35,939,000 | 22,696,000 | |||
Other real estate owned by geographical location, segment and class [Abstract] | ' | ' | ' | |||
Total | 20,114,000 | 35,939,000 | 22,696,000 | |||
Real Estate [Member] | Greater Memphis Area [Member] | Commercial Real Estate [Member] | ' | ' | ' | |||
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' | |||
Balance at end of period | 1,036,000 | 833,000 | 980,000 | |||
Other real estate owned by geographical location, segment and class [Abstract] | ' | ' | ' | |||
Total | 1,036,000 | 833,000 | 980,000 | |||
Real Estate [Member] | Tennessee [Member] | Consumer Mortgages [Member] | ' | ' | ' | |||
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' | |||
Balance at end of period | 199,000 | [2] | 716,000 | [2] | 210,000 | [2] |
Other real estate owned by geographical location, segment and class [Abstract] | ' | ' | ' | |||
Total | 199,000 | [2] | 716,000 | [2] | 210,000 | [2] |
Real Estate [Member] | Tennessee [Member] | Home Equity [Member] | ' | ' | ' | |||
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' | |||
Balance at end of period | ' | ' | ' | [2] | ||
Other real estate owned by geographical location, segment and class [Abstract] | ' | ' | ' | |||
Total | ' | ' | ' | [2] | ||
Real Estate [Member] | Tennessee [Member] | Agricultural [Member] | ' | ' | ' | |||
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' | |||
Balance at end of period | ' | 2,204,000 | [2] | 930,000 | [2] | |
Other real estate owned by geographical location, segment and class [Abstract] | ' | ' | ' | |||
Total | ' | 2,204,000 | [2] | 930,000 | [2] | |
Real Estate [Member] | Tennessee [Member] | Commercial And Industrial - Owner Occupied [Member] | ' | ' | ' | |||
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' | |||
Balance at end of period | 25,000 | [2] | 67,000 | [2] | 25,000 | [2] |
Other real estate owned by geographical location, segment and class [Abstract] | ' | ' | ' | |||
Total | 25,000 | [2] | 67,000 | [2] | 25,000 | [2] |
Real Estate [Member] | Tennessee [Member] | Construction, Acquisition And Development [Member] | ' | ' | ' | |||
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' | |||
Balance at end of period | 3,871,000 | [2] | 8,682,000 | [2] | 5,174,000 | [2] |
Other real estate owned by geographical location, segment and class [Abstract] | ' | ' | ' | |||
Total | 3,871,000 | [2] | 8,682,000 | [2] | 5,174,000 | [2] |
Real Estate [Member] | Tennessee [Member] | Commercial Real Estate [Member] | ' | ' | ' | |||
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' | |||
Balance at end of period | ' | 144,000 | [2] | ' | ||
Other real estate owned by geographical location, segment and class [Abstract] | ' | ' | ' | |||
Total | ' | 144,000 | [2] | ' | ||
Real Estate [Member] | Texas and Louisiana [Member] | Consumer Mortgages [Member] | ' | ' | ' | |||
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' | |||
Balance at end of period | 5,000 | 625,000 | ' | |||
Other real estate owned by geographical location, segment and class [Abstract] | ' | ' | ' | |||
Total | 5,000 | 625,000 | ' | |||
Real Estate [Member] | Texas and Louisiana [Member] | Home Equity [Member] | ' | ' | ' | |||
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' | |||
Balance at end of period | ' | ' | ' | |||
Other real estate owned by geographical location, segment and class [Abstract] | ' | ' | ' | |||
Total | ' | ' | ' | |||
Real Estate [Member] | Texas and Louisiana [Member] | Agricultural [Member] | ' | ' | ' | |||
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' | |||
Balance at end of period | ' | 174,000 | ' | |||
Other real estate owned by geographical location, segment and class [Abstract] | ' | ' | ' | |||
Total | ' | 174,000 | ' | |||
Real Estate [Member] | Texas and Louisiana [Member] | Commercial And Industrial - Owner Occupied [Member] | ' | ' | ' | |||
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' | |||
Balance at end of period | 105,000 | 148,000 | 105,000 | |||
Other real estate owned by geographical location, segment and class [Abstract] | ' | ' | ' | |||
Total | 105,000 | 148,000 | 105,000 | |||
Real Estate [Member] | Texas and Louisiana [Member] | Construction, Acquisition And Development [Member] | ' | ' | ' | |||
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' | |||
Balance at end of period | 257,000 | 1,874,000 | 257,000 | |||
Other real estate owned by geographical location, segment and class [Abstract] | ' | ' | ' | |||
Total | 257,000 | 1,874,000 | 257,000 | |||
Real Estate [Member] | Texas and Louisiana [Member] | Commercial Real Estate [Member] | ' | ' | ' | |||
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' | |||
Balance at end of period | 106,000 | 134,000 | 140,000 | |||
Other real estate owned by geographical location, segment and class [Abstract] | ' | ' | ' | |||
Total | 106,000 | 134,000 | 140,000 | |||
Real Estate [Member] | Other Geographical Areas [Member] | Consumer Mortgages [Member] | ' | ' | ' | |||
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' | |||
Balance at end of period | ' | ' | 108,000 | |||
Other real estate owned by geographical location, segment and class [Abstract] | ' | ' | ' | |||
Total | ' | ' | 108,000 | |||
Real Estate [Member] | Other Geographical Areas [Member] | Home Equity [Member] | ' | ' | ' | |||
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' | |||
Balance at end of period | ' | ' | ' | |||
Other real estate owned by geographical location, segment and class [Abstract] | ' | ' | ' | |||
Total | ' | ' | ' | |||
Real Estate [Member] | Other Geographical Areas [Member] | Construction, Acquisition And Development [Member] | ' | ' | ' | |||
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' | |||
Balance at end of period | ' | 455,000 | 158,000 | |||
Other real estate owned by geographical location, segment and class [Abstract] | ' | ' | ' | |||
Total | ' | 455,000 | 158,000 | |||
All Other [Member] | ' | ' | ' | |||
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' | |||
Balance at end of period | 265,000 | 1,207,000 | 322,000 | |||
Other real estate owned by geographical location, segment and class [Abstract] | ' | ' | ' | |||
Total | 265,000 | 1,207,000 | 322,000 | |||
All Other [Member] | Alabama and Florida Panhandle [Member] | ' | ' | ' | |||
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' | |||
Balance at end of period | ' | 47,000 | 84,000 | |||
Other real estate owned by geographical location, segment and class [Abstract] | ' | ' | ' | |||
Total | ' | 47,000 | 84,000 | |||
All Other [Member] | Arkansas [Member] | ' | ' | ' | |||
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' | |||
Balance at end of period | ' | 11,000 | [2] | 1,000 | [2] | |
Other real estate owned by geographical location, segment and class [Abstract] | ' | ' | ' | |||
Total | ' | 11,000 | [2] | 1,000 | [2] | |
All Other [Member] | Mississippi [Member] | ' | ' | ' | |||
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' | |||
Balance at end of period | 85,000 | [2] | 64,000 | [2] | 82,000 | [2] |
Other real estate owned by geographical location, segment and class [Abstract] | ' | ' | ' | |||
Total | 85,000 | [2] | 64,000 | [2] | 82,000 | [2] |
All Other [Member] | Missouri [Member] | ' | ' | ' | |||
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' | |||
Balance at end of period | ' | 94,000 | ' | |||
Other real estate owned by geographical location, segment and class [Abstract] | ' | ' | ' | |||
Total | ' | 94,000 | ' | |||
All Other [Member] | Greater Memphis Area [Member] | ' | ' | ' | |||
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' | |||
Balance at end of period | ' | 748,000 | 28,000 | |||
Other real estate owned by geographical location, segment and class [Abstract] | ' | ' | ' | |||
Total | ' | 748,000 | 28,000 | |||
All Other [Member] | Tennessee [Member] | ' | ' | ' | |||
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' | |||
Balance at end of period | ' | 13,000 | [2] | ' | ||
Other real estate owned by geographical location, segment and class [Abstract] | ' | ' | ' | |||
Total | ' | 13,000 | [2] | ' | ||
All Other [Member] | Texas and Louisiana [Member] | ' | ' | ' | |||
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' | |||
Balance at end of period | 147,000 | 91,000 | 94,000 | |||
Other real estate owned by geographical location, segment and class [Abstract] | ' | ' | ' | |||
Total | 147,000 | 91,000 | 94,000 | |||
All Other [Member] | Other Geographical Areas [Member] | ' | ' | ' | |||
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' | |||
Balance at end of period | 33,000 | 139,000 | 33,000 | |||
Other real estate owned by geographical location, segment and class [Abstract] | ' | ' | ' | |||
Total | $33,000 | $139,000 | $33,000 | |||
[1] | Derived from audited financial statements.See accompanying notes to consolidated financial statements. | |||||
[2] | Excludes the Greater Memphis Area. |
SECURITIES_Details
SECURITIES (Details) (USD $) | 3 Months Ended | 12 Months Ended | ||
Mar. 31, 2014 | Mar. 31, 2013 | Dec. 31, 2013 | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | |
Amortized Cost | $2,408,312,000 | $2,547,697,000 | $2,460,608,000 | |
Gross Unrealized Gains | 33,790,000 | 60,278,000 | 27,987,000 | |
Gross Unrealized Losses | 15,344,000 | 799,000 | 21,606,000 | |
Estimated Fair Value | 2,426,758,000 | 2,607,176,000 | 2,466,989,000 | [1] |
Gross gains recognized on available-for-sale securities | 4,000 | 34,000 | ' | |
Gross losses recognized on available-for-sale securities | 8,000 | 15,000 | ' | |
Available-for-sale securities, amortized cost, by contractual maturity [Abstract] | ' | ' | ' | |
Maturing in one year or less | 423,052,000 | ' | ' | |
Maturing after one year through five years | 1,133,192,000 | ' | ' | |
Maturing after five years through ten years | 175,079,000 | ' | ' | |
Maturing after ten years | 197,483,000 | ' | ' | |
Mortgage-backed securities | 479,506,000 | ' | ' | |
Total | 2,408,312,000 | ' | ' | |
Available-for-sale securities, estimated fair value, by contractual maturity [Abstract] | ' | ' | ' | |
Maturing in one year or less | 425,053,000 | ' | ' | |
Maturing after one year through five years | 1,136,886,000 | ' | ' | |
Maturing after five years through ten years | 181,151,000 | ' | ' | |
Maturing after ten years | 208,013,000 | ' | ' | |
Mortgage-backed securities | 475,655,000 | ' | ' | |
Estimated Fair Value | 2,426,758,000 | 2,607,176,000 | 2,466,989,000 | [1] |
Available-for-sale securities, weighted average yield, by contractual maturity [Abstract] | ' | ' | ' | |
Maturing in one year or less (in hundredths) | 1.40% | ' | ' | |
Maturing after one year through five years (in hundredths) | 1.29% | ' | ' | |
Maturing after five years through ten years (in hundredths) | 5.64% | ' | ' | |
Maturing after ten years (in hundredths) | 5.91% | ' | ' | |
Mortgage-backed securities (in hundredths) | 2.17% | ' | ' | |
Available-for-sale securities with continuous unrealized loss positions [Abstract] | ' | ' | ' | |
Less Than 12 Months Fair Value | 780,772,000 | ' | 913,301,000 | |
Less Than 12 Months Unrealized Losses | 12,183,000 | ' | 19,684,000 | |
12 Months or Longer Fair Value | 67,964,000 | ' | 35,295,000 | |
12 Months or Longer Unrealized Losses | 3,161,000 | ' | 1,922,000 | |
Total Fair Value Available-for-sale Securities | 848,736,000 | ' | 948,596,000 | |
Total Unrealized Losses Available-for-sale Securities | 15,344,000 | ' | 21,606,000 | |
US Government Agencies [Member] | ' | ' | ' | |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | |
Amortized Cost | 1,416,273,000 | 1,498,886,000 | 1,455,417,000 | |
Gross Unrealized Gains | 7,899,000 | 18,841,000 | 9,065,000 | |
Gross Unrealized Losses | 4,903,000 | 2,000 | 6,133,000 | |
Estimated Fair Value | 1,419,269,000 | 1,517,725,000 | 1,458,349,000 | |
Available-for-sale securities, estimated fair value, by contractual maturity [Abstract] | ' | ' | ' | |
Estimated Fair Value | 1,419,269,000 | 1,517,725,000 | 1,458,349,000 | |
Available-for-sale securities with continuous unrealized loss positions [Abstract] | ' | ' | ' | |
Less Than 12 Months Fair Value | 553,456,000 | ' | 533,326,000 | |
Less Than 12 Months Unrealized Losses | 4,903,000 | ' | 6,133,000 | |
Total Fair Value Available-for-sale Securities | 553,456,000 | ' | 533,326,000 | |
Total Unrealized Losses Available-for-sale Securities | 4,903,000 | ' | 6,133,000 | |
Government Agency Issued Residential Mortgage-Backed Securities [Member] | ' | ' | ' | |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | |
Amortized Cost | 238,887,000 | 327,586,000 | 249,682,000 | |
Gross Unrealized Gains | 3,898,000 | 7,230,000 | 3,118,000 | |
Gross Unrealized Losses | 1,189,000 | 266,000 | 2,566,000 | |
Estimated Fair Value | 241,596,000 | 334,550,000 | 250,234,000 | |
Available-for-sale securities, estimated fair value, by contractual maturity [Abstract] | ' | ' | ' | |
Estimated Fair Value | 241,596,000 | 334,550,000 | 250,234,000 | |
Available-for-sale securities with continuous unrealized loss positions [Abstract] | ' | ' | ' | |
Less Than 12 Months Fair Value | 34,509,000 | ' | 106,179,000 | |
Less Than 12 Months Unrealized Losses | 1,159,000 | ' | 2,418,000 | |
12 Months or Longer Fair Value | 1,957,000 | ' | 4,407,000 | |
12 Months or Longer Unrealized Losses | 30,000 | ' | 148,000 | |
Total Fair Value Available-for-sale Securities | 36,466,000 | ' | 110,586,000 | |
Total Unrealized Losses Available-for-sale Securities | 1,189,000 | ' | 2,566,000 | |
Government Agency Issued Commercial Mortgage-Backed Securities [Member] | ' | ' | ' | |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | |
Amortized Cost | 240,619,000 | 192,912,000 | 239,313,000 | |
Gross Unrealized Gains | 1,866,000 | 3,974,000 | 1,773,000 | |
Gross Unrealized Losses | 8,426,000 | 427,000 | 10,174,000 | |
Estimated Fair Value | 234,059,000 | 196,459,000 | 230,912,000 | |
Available-for-sale securities, estimated fair value, by contractual maturity [Abstract] | ' | ' | ' | |
Estimated Fair Value | 234,059,000 | 196,459,000 | 230,912,000 | |
Available-for-sale securities with continuous unrealized loss positions [Abstract] | ' | ' | ' | |
Less Than 12 Months Fair Value | 142,990,000 | ' | 176,253,000 | |
Less Than 12 Months Unrealized Losses | 5,408,000 | ' | 8,578,000 | |
12 Months or Longer Fair Value | 62,544,000 | ' | 27,225,000 | |
12 Months or Longer Unrealized Losses | 3,018,000 | ' | 1,596,000 | |
Total Fair Value Available-for-sale Securities | 205,534,000 | ' | 203,478,000 | |
Total Unrealized Losses Available-for-sale Securities | 8,426,000 | ' | 10,174,000 | |
Obligations Of States And Political Subdivisions [Member] | ' | ' | ' | |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | |
Amortized Cost | 505,586,000 | 521,255,000 | 509,255,000 | |
Gross Unrealized Gains | 19,051,000 | 29,318,000 | 12,883,000 | |
Gross Unrealized Losses | 826,000 | 98,000 | 2,733,000 | |
Estimated Fair Value | 523,811,000 | 550,475,000 | 519,405,000 | |
Available-for-sale securities, estimated fair value, by contractual maturity [Abstract] | ' | ' | ' | |
Estimated Fair Value | 523,811,000 | 550,475,000 | 519,405,000 | |
Available-for-sale securities with continuous unrealized loss positions [Abstract] | ' | ' | ' | |
Less Than 12 Months Fair Value | 49,817,000 | ' | 97,543,000 | |
Less Than 12 Months Unrealized Losses | 713,000 | ' | 2,555,000 | |
12 Months or Longer Fair Value | 3,463,000 | ' | 3,663,000 | |
12 Months or Longer Unrealized Losses | 113,000 | ' | 178,000 | |
Total Fair Value Available-for-sale Securities | 53,280,000 | ' | 101,206,000 | |
Total Unrealized Losses Available-for-sale Securities | 826,000 | ' | 2,733,000 | |
Other [Member] | ' | ' | ' | |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | |
Amortized Cost | 6,947,000 | 7,058,000 | 6,941,000 | |
Gross Unrealized Gains | 1,076,000 | 915,000 | 1,148,000 | |
Gross Unrealized Losses | ' | 6,000 | ' | |
Estimated Fair Value | 8,023,000 | 7,967,000 | 8,089,000 | |
Available-for-sale securities, estimated fair value, by contractual maturity [Abstract] | ' | ' | ' | |
Estimated Fair Value | $8,023,000 | $7,967,000 | $8,089,000 | |
[1] | Derived from audited financial statements.See accompanying notes to consolidated financial statements. |
PER_SHARE_DATA_Details
PER SHARE DATA (Details) (USD $) | 3 Months Ended | |
In Thousands, except Per Share data, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Income (Numerator) [Abstract] | ' | ' |
Income available to common shareholders | $28,444 | $20,805 |
Income available to common shareholders plus assumed exercise of all outstanding share based awards | $28,444 | $20,805 |
Shares (Denominator) [Abstract] | ' | ' |
Income available to common shareholders (in shares) | 95,630 | 94,596 |
Effect of dilutive share-based awards (in shares) | 323 | 160 |
Income available to common shareholders plus assumed exercise all outstanding share-based awards (in shares) | 95,953 | 94,756 |
Per share amount [Abstract] | ' | ' |
Income available to common shareholders (in dollars per share) | $0.30 | $0.22 |
Income available to common shareholders plus assumed exercise all outstanding share-based awards (in dollars per share) | $0.30 | $0.22 |
Stock Options [Member] | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' |
Antidilutive securities excluded from diluted shares (in shares) | 801 | 2,300 |
Weighted average exercise price of antidilutive securities (in dollars per share) | $23.84 | $21.78 |
Other Equity Awards [Member] | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' |
Antidilutive securities excluded from diluted shares (in shares) | 48 | 70 |
COMPREHENSIVE_INCOME_Details
COMPREHENSIVE INCOME (Details) (USD $) | 3 Months Ended | |||
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 | ||
Before Tax Amount [Abstract] | ' | ' | ||
Other comprehensive (loss) income, before tax | $12,804 | ($7,253) | ||
Tax Effect [Abstract] | ' | ' | ||
Other comprehensive (loss) income, tax effect | -4,905 | 2,779 | ||
Net of Tax Amount [Abstract] | ' | ' | ||
Other comprehensive (loss) income, net of tax | 7,899 | -4,474 | ||
Net income (loss) | 28,444 | 20,805 | ||
Comprehensive income | 36,343 | 16,331 | ||
Reclassification Adjustment For Net Losses (Gains) Realized In Net Income [Member] | ' | ' | ||
Before Tax Amount [Abstract] | ' | ' | ||
Amounts reclassified from accumulated OCI, before tax | 4 | [1] | -19 | [1] |
Tax Effect [Abstract] | ' | ' | ||
Reclassification adjustment for net gains realized in net income, tax effect | -2 | [1] | 7 | [1] |
Net of Tax Amount [Abstract] | ' | ' | ||
Amounts reclassified from accumulated OCI, net of tax | 2 | [1] | -12 | [1] |
Accumulated Net Unrealized Investment Gain (Loss) [Member] | ' | ' | ||
Before Tax Amount [Abstract] | ' | ' | ||
Other comprehensive loss before reclassifications, before tax | 12,062 | -8,571 | ||
Tax Effect [Abstract] | ' | ' | ||
Unrealized losses arising during holding period, tax effect | -4,621 | 3,283 | ||
Net of Tax Amount [Abstract] | ' | ' | ||
Other Comprehensive Loss Before Reclassification Adjustments, Net Of Tax | 7,441 | -5,288 | ||
Accumulated Defined Benefit Plans Adjustment [Member] | ' | ' | ||
Before Tax Amount [Abstract] | ' | ' | ||
Other comprehensive loss before reclassifications, before tax | 738 | [2] | 1,337 | [2] |
Tax Effect [Abstract] | ' | ' | ||
Recognized employee benefit plan net periodic benefit cost, tax effect | -282 | [2] | -511 | [2] |
Net of Tax Amount [Abstract] | ' | ' | ||
Other Comprehensive Loss Before Reclassification Adjustments, Net Of Tax | $456 | [2] | $826 | [2] |
[1] | Reclassification adjustments for net (losses) gains on available-for-sale securities are reported as net security (losses) gains on the consolidated statements of income. | |||
[2] | Recognized employee benefit plan net periodic benefit cost include amortization of unrecognized transition amount, recognized prior service cost and recognized net loss. For more information, see Note 9 - Pension Benefits. |
GOODWILL_AND_OTHER_INTANGIBLE_2
GOODWILL AND OTHER INTANGIBLE ASSETS (Carrying Amounts Of Goodwill) (Details) (USD $) | 3 Months Ended | ||
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 | |
Goodwill [Line Items] | ' | ' | |
Balance, beginning of period | $286,800 | [1] | $275,173 |
Goodwill recorded during the year | ' | ' | |
Balance, end of period | 286,800 | 275,173 | |
Community Banking [Member] | ' | ' | |
Goodwill [Line Items] | ' | ' | |
Balance, beginning of period | 217,618 | ' | |
Goodwill recorded during the year | ' | ' | |
Balance, end of period | 217,618 | ' | |
Insurance Agencies [Member] | ' | ' | |
Goodwill [Line Items] | ' | ' | |
Balance, beginning of period | 69,182 | ' | |
Goodwill recorded during the year | ' | ' | |
Balance, end of period | $69,182 | ' | |
[1] | Derived from audited financial statements.See accompanying notes to consolidated financial statements. |
GOODWILL_AND_OTHER_INTANGIBLE_3
GOODWILL AND OTHER INTANGIBLE ASSETS (Identifiable Intangible Assets) (Details) (USD $) | 3 Months Ended | ||
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 | Dec. 31, 2013 |
Finite-Lived Intangible Assets [Line Items] | ' | ' | ' |
Gross Carrying Amount | $76,218 | ' | $76,218 |
Accumulated Amortization | 51,885 | ' | 50,827 |
Total | 1,058 | 743 | ' |
Core Deposits [Member] | ' | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' | ' |
Gross Carrying Amount | 27,801 | ' | 27,801 |
Accumulated Amortization | 22,393 | ' | 22,256 |
Total | 137 | 157 | ' |
Customer Relationships [Member] | ' | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' | ' |
Gross Carrying Amount | 46,967 | ' | 46,967 |
Accumulated Amortization | 29,163 | ' | 28,329 |
Total | 834 | 548 | ' |
Non-Solicitation Intangibles [Member] | ' | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' | ' |
Gross Carrying Amount | 1,450 | ' | 1,450 |
Accumulated Amortization | 329 | ' | 242 |
Total | 87 | 38 | ' |
Trade names [Member] | ' | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' | ' |
Gross Carrying Amount | $688 | ' | $688 |
GOODWILL_AND_OTHER_INTANGIBLE_4
GOODWILL AND OTHER INTANGIBLE ASSETS (Estimated Future Amortization Expense) (Details) (USD $) | Mar. 31, 2014 |
In Thousands, unless otherwise specified | |
Finite-Lived Intangible Assets [Line Items] | ' |
For year ending December 31, 2014 | $4,117 |
For year ending December 31, 2015 | 3,579 |
For year ending December 31, 2016 | 3,029 |
For year ending December 31, 2017 | 2,726 |
For year ending December 31, 2018 | 2,331 |
Core Deposits [Member] | ' |
Finite-Lived Intangible Assets [Line Items] | ' |
For year ending December 31, 2014 | 526 |
For year ending December 31, 2015 | 487 |
For year ending December 31, 2016 | 451 |
For year ending December 31, 2017 | 419 |
For year ending December 31, 2018 | 390 |
Customer Relationships [Member] | ' |
Finite-Lived Intangible Assets [Line Items] | ' |
For year ending December 31, 2014 | 3,241 |
For year ending December 31, 2015 | 2,817 |
For year ending December 31, 2016 | 2,378 |
For year ending December 31, 2017 | 2,107 |
For year ending December 31, 2018 | 1,758 |
Non-Solicitation Intangibles [Member] | ' |
Finite-Lived Intangible Assets [Line Items] | ' |
For year ending December 31, 2014 | 350 |
For year ending December 31, 2015 | 275 |
For year ending December 31, 2016 | 200 |
For year ending December 31, 2017 | 200 |
For year ending December 31, 2018 | $183 |
PENSION_BENEFITS_Details
PENSION BENEFITS (Details) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Components of net periodic benefit cost [Abstract] | ' | ' |
Service cost | $2,234 | $2,684 |
Interest cost | 2,339 | 2,053 |
Expected return on assets | -2,634 | -2,743 |
Amortization of unrecognized transition amount | 5 | 5 |
Recognized prior service cost | -192 | -192 |
Recognized net loss | 926 | 1,524 |
Net periodic benefit cost | $2,678 | $3,331 |
SEGMENT_REPORTING_Details
SEGMENT REPORTING (Details) (USD $) | 3 Months Ended | 12 Months Ended | ||
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 | Dec. 31, 2013 | |
Results of Operations [Abstract] | ' | ' | ' | |
Net interest revenue | $101,523 | $98,078 | ' | |
Provision for credit losses | ' | 4,000 | 7,500 | |
Net interest revenue, after provision for credit losses | 101,523 | 94,078 | ' | |
Noninterest revenue | 66,517 | 71,318 | ' | |
Noninterest expense | 126,707 | 135,371 | ' | |
Income before income taxes | 41,333 | 30,025 | ' | |
Income tax expense (benefit) | 12,889 | 9,220 | ' | |
Net income | 28,444 | 20,805 | ' | |
Selected Financial Information [Abstract] | ' | ' | ' | |
Total assets at end of period | 13,143,555 | 13,393,135 | 13,029,733 | [1] |
Depreciation and amortization | 7,631 | 7,456 | ' | |
Community Banking [Member] | ' | ' | ' | |
Results of Operations [Abstract] | ' | ' | ' | |
Net interest revenue | 93,315 | 92,244 | ' | |
Provision for credit losses | 1,024 | 4,101 | ' | |
Net interest revenue, after provision for credit losses | 92,291 | 88,143 | ' | |
Noninterest revenue | 23,927 | 26,507 | ' | |
Noninterest expense | 81,467 | 91,005 | ' | |
Income before income taxes | 34,751 | 23,645 | ' | |
Income tax expense (benefit) | 11,182 | 7,604 | ' | |
Net income | 23,569 | 16,041 | ' | |
Selected Financial Information [Abstract] | ' | ' | ' | |
Total assets at end of period | 9,745,120 | 10,082,036 | ' | |
Depreciation and amortization | 5,216 | 5,788 | ' | |
Insurance Agencies [Member] | ' | ' | ' | |
Results of Operations [Abstract] | ' | ' | ' | |
Net interest revenue | 28 | 49 | ' | |
Net interest revenue, after provision for credit losses | 28 | 49 | ' | |
Noninterest revenue | 31,620 | 26,530 | ' | |
Noninterest expense | 24,315 | 21,407 | ' | |
Income before income taxes | 7,333 | 5,172 | ' | |
Income tax expense (benefit) | 2,918 | 2,076 | ' | |
Net income | 4,415 | 3,096 | ' | |
Selected Financial Information [Abstract] | ' | ' | ' | |
Total assets at end of period | 201,625 | 183,918 | ' | |
Depreciation and amortization | 1,277 | 894 | ' | |
General Corporate And Other [Member] | ' | ' | ' | |
Results of Operations [Abstract] | ' | ' | ' | |
Net interest revenue | 8,180 | 5,785 | ' | |
Provision for credit losses | -1,024 | -101 | ' | |
Net interest revenue, after provision for credit losses | 9,204 | 5,886 | ' | |
Noninterest revenue | 10,970 | 18,281 | ' | |
Noninterest expense | 20,925 | 22,959 | ' | |
Income before income taxes | -751 | 1,208 | ' | |
Income tax expense (benefit) | -1,211 | -460 | ' | |
Net income | 460 | 1,668 | ' | |
Selected Financial Information [Abstract] | ' | ' | ' | |
Total assets at end of period | 3,196,810 | 3,127,181 | ' | |
Depreciation and amortization | $1,138 | $774 | ' | |
[1] | Derived from audited financial statements.See accompanying notes to consolidated financial statements. |
MORTGAGE_SERVICING_RIGHTS_Deta
MORTGAGE SERVICING RIGHTS (Details) (USD $) | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2014 | Mar. 31, 2013 | Dec. 31, 2013 | |
Data and assumptions used in fair value calculation [Abstract] | ' | ' | ' |
Unpaid principal balance | $5,568,829,000 | $5,236,852,000 | $5,577,325,000 |
Weighted-average prepayment speed (CPR) | 10.90% | 15.40% | 10.30% |
Discount rate (annual percentage) (in hundredths) | 10.30% | 10.80% | 10.30% |
Weighted-average coupon interest rate (percentage) (in hundredths) | 4.20% | 4.30% | 4.20% |
Weighted-average remaining maturity (months) | '312 months | '306 months | '310 months |
Weighted-average servicing fee (basis points) | 0.27% | 0.27% | 0.27% |
Activity in mortgage servicing asset [Roll Forward] | ' | ' | ' |
Fair value as of beginning of period | 54,662,000 | 37,882,000 | 37,882,000 |
Additions [Abstract] | ' | ' | ' |
Origination of servicing assets | 1,460,000 | 4,268,000 | ' |
Changes in fair value [Abstract] | ' | ' | ' |
Due to payoffs/paydowns | -1,138,000 | -1,705,000 | ' |
Due to change in valuation inputs or assumptions used in the valuation model | -1,547,000 | 1,037,000 | ' |
Other changes in fair value | -1,000 | -4,000 | ' |
Fair value as of end of period | 53,436,000 | 41,478,000 | 54,662,000 |
Contractually specified servicing fees, late fees, and ancillary fees [Abstract] | ' | ' | ' |
Contractual servicing fees | 3,700,000 | 3,500,000 | ' |
Late and other ancillary fees | $334,000 | $360,000 | ' |
DERIVATIVE_INSTRUMENTS_AND_OFF2
DERIVATIVE INSTRUMENTS AND OFFSETTING ASSETS AND LIABILITIES (Narrative) (Details) (USD $) | 3 Months Ended | |
Mar. 31, 2014 | Mar. 31, 2013 | |
Forward Commitments [Member] | ' | ' |
Derivative [Line Items] | ' | ' |
Notional amount | $90,900,000 | $201,300,000 |
Difference in carrying value and fair value, reflecting a loss | 159,000 | 968,000 |
Loan/Lease Interest Rate Swaps [Member] | ' | ' |
Derivative [Line Items] | ' | ' |
Notional amount | 382,400,000 | 479,100,000 |
Average maturity | '54 months | '60 months |
Average interest receive rate | 2.50% | 2.50% |
Average interest pay rate | 5.60% | 5.60% |
Fixed Rate Mortgages [Member] | ' | ' |
Derivative [Line Items] | ' | ' |
Notional amount | 79,900,000 | 188,400,000 |
Difference in carrying value and fair value, reflecting a gain | $1,200,000 | $3,700,000 |
DERIVATIVE_INSTRUMENTS_AND_OFF3
DERIVATIVE INSTRUMENTS AND OFFSETTING ASSETS AND LIABILITIES (Offsetting Of Derivative Assets And Liabilities) (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2013 |
In Thousands, unless otherwise specified | |||
Offsetting Assets And Liabilities [Line Items] | ' | ' | ' |
Gross Amount Recognized | $28,275 | $30,573 | $49,950 |
Gross Amount Offset | ' | ' | ' |
Net Amount Recognized | 28,275 | 30,573 | 49,950 |
Financial Instruments | ' | ' | ' |
Financial Collateral Pledged | ' | ' | ' |
Net Amount | 28,275 | 30,573 | 49,950 |
Gross Amount Recognized | 483,547 | 450,380 | 400,994 |
Gross Amount Offset | ' | ' | ' |
Net Amount Recognized | 483,547 | 450,380 | 400,994 |
Financial Instruments | -456,303 | -421,028 | -353,742 |
Financial Collateral Pledged | -27,081 | -29,249 | -46,284 |
Net Amount | 163 | 103 | 968 |
Forward Commitments [Member] | ' | ' | ' |
Offsetting Assets And Liabilities [Line Items] | ' | ' | ' |
Gross Amount Recognized | 1,194 | 1,324 | 3,666 |
Gross Amount Offset | ' | ' | ' |
Net Amount Recognized | 1,194 | 1,324 | 3,666 |
Financial Instruments | ' | ' | ' |
Financial Collateral Pledged | ' | ' | ' |
Net Amount | 1,194 | 1,324 | 3,666 |
Gross Amount Recognized | 163 | 103 | 968 |
Gross Amount Offset | ' | ' | ' |
Net Amount Recognized | 163 | 103 | 968 |
Financial Instruments | ' | ' | ' |
Financial Collateral Pledged | ' | ' | ' |
Net Amount | 163 | 103 | 968 |
Loan/Lease Interest Rate Swaps [Member] | ' | ' | ' |
Offsetting Assets And Liabilities [Line Items] | ' | ' | ' |
Gross Amount Recognized | 27,081 | 29,249 | 46,284 |
Gross Amount Offset | ' | ' | ' |
Net Amount Recognized | 27,081 | 29,249 | 46,284 |
Financial Instruments | ' | ' | ' |
Financial Collateral Pledged | ' | ' | ' |
Net Amount | 27,081 | 29,249 | 46,284 |
Gross Amount Recognized | 27,081 | 29,249 | 46,284 |
Gross Amount Offset | ' | ' | ' |
Net Amount Recognized | 27,081 | 29,249 | 46,284 |
Financial Instruments | ' | ' | ' |
Financial Collateral Pledged | -27,081 | -29,249 | -46,284 |
Repurchase Arrangements [Member] | ' | ' | ' |
Offsetting Assets And Liabilities [Line Items] | ' | ' | ' |
Gross Amount Recognized | 456,303 | 421,028 | 353,742 |
Gross Amount Offset | ' | ' | ' |
Net Amount Recognized | 456,303 | 421,028 | 353,742 |
Financial Instruments | -456,303 | -421,028 | -353,742 |
Financial Collateral Pledged | ' | ' | ' |
FAIR_VALUE_DISCLOSURES_Assets_
FAIR VALUE DISCLOSURES (Assets and Liabilities Measured at Fair Value on a Recurring Basis) (Details) (USD $) | 3 Months Ended | |||
In Thousands, unless otherwise specified | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2013 | Dec. 31, 2012 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' |
Percentage rate deduction to determine the fair value of other real estate owned (in hundredths) | 7.00% | ' | ' | ' |
Available-for-sale securities [Abstract] | ' | ' | ' | ' |
Mortgage servicing rights | $53,436 | $54,662 | $41,478 | $37,882 |
Minimum [Member] | ' | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' |
Derivative interest rate | 1.50% | ' | ' | ' |
Maximum [Member] | ' | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' |
Derivative interest rate | 3.50% | ' | ' | ' |
Fair Value, Measurements, Recurring [Member] | ' | ' | ' | ' |
Available-for-sale securities [Abstract] | ' | ' | ' | ' |
U.S. Government agencies | 1,419,269 | ' | 1,517,725 | ' |
Government agency issued residential mortgage-backed securities | 241,596 | ' | 334,550 | ' |
Government agency issued commercial mortgage-backed securities | 234,059 | ' | 196,459 | ' |
Obligations of states and political subdivisions | 523,811 | ' | 550,475 | ' |
Other | 8,023 | ' | 7,967 | ' |
Mortgage servicing rights | 53,436 | ' | 41,478 | ' |
Derivative instruments | 27,859 | ' | 49,392 | ' |
Total | 2,508,053 | ' | 2,698,046 | ' |
Liabilities [Abstract] | ' | ' | ' | ' |
Derivative instruments | 27,244 | ' | 47,251 | ' |
Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | ' | ' | ' | ' |
Available-for-sale securities [Abstract] | ' | ' | ' | ' |
Other | 1,029 | ' | 869 | ' |
Total | 1,029 | ' | 869 | ' |
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | ' | ' | ' | ' |
Available-for-sale securities [Abstract] | ' | ' | ' | ' |
U.S. Government agencies | 1,419,269 | ' | 1,517,725 | ' |
Government agency issued residential mortgage-backed securities | 241,596 | ' | 334,550 | ' |
Government agency issued commercial mortgage-backed securities | 234,059 | ' | 196,459 | ' |
Obligations of states and political subdivisions | 523,811 | ' | 550,475 | ' |
Other | 6,994 | ' | 7,098 | ' |
Total | 2,425,729 | ' | 2,606,307 | ' |
Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | ' | ' | ' | ' |
Available-for-sale securities [Abstract] | ' | ' | ' | ' |
Mortgage servicing rights | 53,436 | ' | 41,478 | ' |
Derivative instruments | 27,859 | ' | 49,392 | ' |
Total | 81,295 | ' | 90,870 | ' |
Liabilities [Abstract] | ' | ' | ' | ' |
Derivative instruments | $27,244 | ' | $47,251 | ' |
FAIR_VALUE_DISCLOSURES_Changes
FAIR VALUE DISCLOSURES (Changes in Level Three Assets and Liabilities Measured at Fair Value on a Recurring Basis) (Details) (Fair Value, Measurements, Recurring [Member], USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Mortgage Servicing Rights [Member] | ' | ' |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' |
Beginning Balance | $54,662 | $37,882 |
Net loss | -2,686 | -672 |
Additions | 1,460 | 4,268 |
Ending Balance | 53,436 | 41,478 |
Net unrealized (losses) gains included in net income for the quarter relating to assets and liabilities held | -1,547 | 1,037 |
Derivative Instruments [Member] | ' | ' |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' |
Beginning Balance | 878 | 2,911 |
Net loss | -263 | -770 |
Ending Balance | 615 | 2,141 |
Net unrealized (losses) gains included in net income for the quarter relating to assets and liabilities held | -263 | -770 |
Available-for-sale Securities [Member] | ' | ' |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' |
Beginning Balance | ' | ' |
Net loss | ' | ' |
Other comprehensive income | ' | ' |
Additions | ' | ' |
Transfers in and/or out of Level 3 | ' | ' |
Ending Balance | ' | ' |
Net unrealized (losses) gains included in net income for the quarter relating to assets and liabilities held | ' | ' |
FAIR_VALUE_DISCLOSURES_Assets_1
FAIR VALUE DISCLOSURES (Assets And Liabilities Measured At Fair Value On A Nonrecurring Basis) (Details) (Fair Value, Measurements, Nonrecurring [Member], USD $) | Mar. 31, 2014 | Mar. 31, 2013 |
In Thousands, unless otherwise specified | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Loans held for sale | $62,867 | $105,523 |
Impaired loans | 41,466 | 137,791 |
Other real estate owned | 63,595 | 96,314 |
Level 1 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Loans held for sale | ' | ' |
Impaired loans | ' | ' |
Other real estate owned | ' | ' |
Level 2 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Loans held for sale | 62,867 | 105,523 |
Level 3 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans | 41,466 | 137,791 |
Other real estate owned | 63,595 | 96,314 |
Total Losses [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans | -1,588 | -11,658 |
Other real estate owned | ($17,730) | ($31,507) |
FAIR_VALUE_DISCLOSURES_Carryin
FAIR VALUE DISCLOSURES (Carrying And Fair Value Information) (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2013 | |
In Thousands, unless otherwise specified | ||||
Assets [Abstract] | ' | ' | ' | |
Available-for-sale securities | $2,426,758 | $2,466,989 | [1] | $2,607,176 |
Carrying Value [Member] | ' | ' | ' | |
Assets [Abstract] | ' | ' | ' | |
Cash and due from banks | 199,214 | 208,961 | ' | |
Interest bearing deposits with other banks | 390,896 | 319,462 | ' | |
Available-for-sale securities | 2,426,758 | 2,466,989 | ' | |
Net loans and leases | 8,918,672 | 8,804,779 | ' | |
Loans held for sale | 62,867 | 69,593 | ' | |
Liabilities [Abstract] | ' | ' | ' | |
Noninterest bearing deposits | 2,725,042 | 2,644,592 | ' | |
Savings and interest bearing deposits | 5,880,825 | 5,816,580 | ' | |
Other time deposits | 2,205,923 | 2,312,664 | ' | |
Federal funds purchased and securities sold under agreement to repurchase and other short-term borrowings | 456,303 | 421,028 | ' | |
Long-term debt and other borrowings | 109,070 | 113,201 | ' | |
Derivative instruments [Abstract] | ' | ' | ' | |
Forward commitments to sell fixed rate mortgage loans | 159 | 654 | ' | |
Commitments to fund fixed rate mortgage loans | 1,190 | 567 | ' | |
Interest rate swap position to receive | 26,665 | 28,907 | ' | |
Interest rate swap position to pay | -27,081 | -29,249 | ' | |
Fair Value [Member] | ' | ' | ' | |
Assets [Abstract] | ' | ' | ' | |
Cash and due from banks | 199,214 | 208,961 | ' | |
Interest bearing deposits with other banks | 390,896 | 319,462 | ' | |
Available-for-sale securities | 2,426,758 | 2,466,989 | ' | |
Net loans and leases | 9,198,997 | 9,059,171 | ' | |
Loans held for sale | 65,815 | 70,063 | ' | |
Liabilities [Abstract] | ' | ' | ' | |
Noninterest bearing deposits | 2,725,042 | 2,644,592 | ' | |
Savings and interest bearing deposits | 5,880,825 | 5,816,580 | ' | |
Other time deposits | 2,223,755 | 2,332,380 | ' | |
Federal funds purchased and securities sold under agreement to repurchase and other short-term borrowings | 456,314 | 414,238 | ' | |
Long-term debt and other borrowings | 111,093 | 112,721 | ' | |
Derivative instruments [Abstract] | ' | ' | ' | |
Forward commitments to sell fixed rate mortgage loans | 159 | 654 | ' | |
Commitments to fund fixed rate mortgage loans | 1,190 | 567 | ' | |
Interest rate swap position to receive | 26,665 | 28,907 | ' | |
Interest rate swap position to pay | ($27,081) | ($29,249) | ' | |
[1] | Derived from audited financial statements.See accompanying notes to consolidated financial statements. |
OTHER_NONINTEREST_REVENUE_AND_2
OTHER NONINTEREST REVENUE AND EXPENSE (Details) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Other noninterest revenue [Abstract] | ' | ' |
Annuity fees | $772 | $483 |
Brokerage commissions and fees | 1,576 | 2,093 |
Bank-owned life insurance | 1,849 | 1,887 |
Other miscellaneous income | 3,384 | 4,284 |
Total other noninterest income | 7,581 | 8,747 |
Other noninterest expense [Abstract] | ' | ' |
Advertising | 632 | 743 |
Foreclosed property expense | 2,555 | 2,354 |
Telecommunications | 2,248 | 2,099 |
Public relations | 822 | 1,005 |
Data processing | 2,741 | 2,468 |
Computer software | 2,423 | 1,963 |
Amortization of intangibles | 1,058 | 743 |
Legal fees | 1,878 | 9,366 |
Merger expense | 560 | ' |
Postage and shipping | 1,287 | 1,135 |
Other miscellaneous expense | 15,222 | 16,054 |
Total other noninterest expense | $31,426 | $37,930 |
COMMITMENTS_AND_CONTINGENT_LIA1
COMMITMENTS AND CONTINGENT LIABILITIES (Details) (USD $) | Mar. 31, 2014 |
In Millions, unless otherwise specified | |
COMMITMENTS AND CONTINGENT LIABILITIES [Abstract] | ' |
Litigation-related expense accrued | $11.40 |
LONGTERM_DEBT_Details
LONG-TERM DEBT (Details) (USD $) | 3 Months Ended | 3 Months Ended | ||||||
Share data in Millions, except Per Share data, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 |
Trust Preferred Securities [Member] | Unsecured Revolving Loan [Member] | Multi-Draw Term Loan [Member] | Long-Term Borrowings From U.S. Bank [Member] | Long-Term Borrowings From U.S. Bank [Member] | Long-Term Borrowings From FHLB [Member] | Long-Term Borrowings From FHLB [Member] | ||
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Junior Subordinated Debt Securities | $128,900,000 | ' | ' | ' | ' | ' | ' | ' |
Interest rate | 8.15% | 8.15% | ' | ' | ' | ' | ' | ' |
Number of shares of trust preferred securities | ' | 5 | ' | ' | ' | ' | ' | ' |
Trust preferred securities, value per share | $25 | ' | ' | ' | ' | ' | ' | ' |
Maturity date | 28-Jan-32 | ' | 8-Aug-15 | 8-Aug-18 | ' | ' | ' | ' |
Redemption date | 12-Aug-13 | ' | ' | ' | ' | ' | ' | ' |
Write-off of unamortized issuance costs | 2,900,000 | ' | ' | ' | ' | ' | ' | ' |
Credit Agreement borrowing capacity | ' | ' | 25,000,000 | 60,000,000 | ' | ' | ' | ' |
Long-term borrowings | ' | ' | ' | ' | $52,300,000 | $48,200,000 | $33,500,000 | $33,500,000 |