Document and Entity Information
Document and Entity Information - shares | 3 Months Ended | |
Mar. 31, 2016 | May. 01, 2016 | |
Document and Entity Information [Abstract] | ||
Entity Registrant Name | HANCOCK HOLDING CO | |
Entity Filer Category | Large Accelerated Filer | |
Entity Central Index Key | 750,577 | |
Trading Symbol | hbhc | |
Amendment Flag | false | |
Document Type | 10-Q | |
Document Fiscal Period Focus | Q1 | |
Document Period End Date | Mar. 31, 2016 | |
Document Fiscal Year Focus | 2,016 | |
Current Fiscal Year End Date | --12-31 | |
Entity Common Stock, Shares Outstanding | 77,514,296 |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 |
ASSETS | ||
Cash and due from banks | $ 291,099 | $ 303,874 |
Interest-bearing bank deposits | 151,193 | 564,671 |
Federal funds sold | 358 | 884 |
Securities available for sale, at fair value (amortized cost of $2,116,271 and $2,086,745) | 2,149,466 | 2,093,404 |
Securities held to maturity (fair value of $2,566,799 and $2,375,851) | 2,518,371 | 2,370,388 |
Loans held for sale | 24,001 | 20,434 |
Loans | 15,978,124 | 15,703,314 |
Less: allowance for loan losses | (217,794) | (181,179) |
Loans, net | 15,760,330 | 15,522,135 |
Property and equipment, net of accumulated depreciation of $216,418 and $209,763 | 371,319 | 377,015 |
Prepaid expenses | 20,152 | 17,560 |
Other real estate, net | 23,191 | 26,256 |
Accrued interest receivable | 57,448 | 54,068 |
Goodwill | 621,193 | 621,193 |
Other intangible assets, net | 102,414 | 107,538 |
Life insurance contracts | 435,494 | 434,550 |
FDIC loss share receivable | 25,828 | 29,868 |
Deferred tax asset, net | 72,131 | 75,830 |
Other assets | 185,382 | 213,937 |
Total assets | 22,809,370 | 22,833,605 |
Deposits: | ||
Noninterest-bearing | 7,108,598 | 7,276,127 |
Interest-bearing | 11,547,552 | 11,072,785 |
Total deposits | 18,656,150 | 18,348,912 |
Short-term borrowings | 1,100,787 | 1,423,644 |
Long-term debt | 471,245 | 490,145 |
Accrued interest payable | 8,455 | 6,609 |
Other liabilities | 151,693 | 151,152 |
Total liabilities | 20,388,330 | 20,420,462 |
Stockholders' equity | ||
Common Stock - $3.33 par value per share; 350,000,000 shares authorized, 77,507,960 and 77,496,429 outstanding | 258,102 | 258,063 |
Capital surplus | 1,688,482 | 1,684,101 |
Treasury shares at cost - 9,307,551 and 9,319,082 shares | (227,130) | (226,370) |
Retained earnings | 762,652 | 777,944 |
Accumulated other comprehensive loss, net | (61,066) | (80,595) |
Total stockholders' equity | 2,421,040 | 2,413,143 |
Total liabilities and stockholders' equity | $ 22,809,370 | $ 22,833,605 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 |
Consolidated Balance Sheets [Abstract] | ||
Securities available for sale, amortized cost | $ 2,116,271 | $ 2,086,745 |
Securities held to maturity, fair value | 2,566,799 | 2,375,851 |
Property and equipment, accumulated depreciation | $ 216,418 | $ 209,763 |
Common stock, par value per share | $ 3.33 | $ 3.33 |
Common stock, shares authorized | 350,000,000 | 350,000,000 |
Common stock, shares outstanding | 77,507,960 | 77,496,429 |
Treasury shares at cost, shares | 9,307,551 | 9,319,082 |
Consolidated Statements of Inco
Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Interest income: | ||
Loans, including fees | $ 154,113 | $ 146,967 |
Loans held for sale | 159 | 96 |
Securities-taxable | 23,957 | 20,790 |
Securities-tax exempt | 1,802 | 880 |
Short-term investments | 610 | 354 |
Total interest income | 180,641 | 169,087 |
Interest expense: | ||
Deposits | 11,733 | 7,126 |
Short-term borrowings | 993 | 172 |
Long-term debt | 5,079 | 3,631 |
Total interest expense | 17,805 | 10,929 |
Net interest income | 162,836 | 158,158 |
Provision for loan losses | 60,036 | 6,154 |
Net interest income after provision for loan losses | 102,800 | 152,004 |
Noninterest income: | ||
Service charges on deposit accounts | 18,383 | 17,315 |
Trust fees | 11,224 | 11,200 |
Bank card and ATM fees | 11,348 | 11,183 |
Investment and annuity fees | 4,933 | 5,050 |
Secondary mortgage market operations | 2,912 | 2,664 |
Insurance commissions and fees | 1,307 | 1,754 |
Amortization of FDIC loss share receivable | (1,613) | (1,197) |
Other income | 9,692 | 8,577 |
Total noninterest income | 58,186 | 56,546 |
Noninterest expense: | ||
Compensation expense | 73,001 | 65,017 |
Employee benefits | 15,714 | 15,634 |
Personnel expense | 88,715 | 80,651 |
Net occupancy expense | 10,356 | 11,177 |
Equipment expense | 3,774 | 3,935 |
Data processing expense | 14,207 | 13,556 |
Professional services expense | 7,621 | 15,370 |
Amortization of intangibles | 5,124 | 6,318 |
Telecommunications and postage | 3,361 | 3,651 |
Deposit insurance and regulatory fees | 5,397 | 3,595 |
Other real estate expense, net | 768 | 456 |
Other expense | 16,709 | 14,806 |
Total noninterest expense | 156,032 | 153,515 |
Income before income taxes | 4,954 | 55,035 |
Income taxes | 1,115 | 14,876 |
Net income | $ 3,839 | $ 40,159 |
Earnings per common share-basic | $ 0.05 | $ 0.49 |
Earnings per common share-diluted | 0.05 | 0.49 |
Dividends paid per share | $ 0.24 | $ 0.24 |
Weighted average shares outstanding-basic | 77,501 | 79,496 |
Weighted average shares outstanding-diluted | 77,672 | 79,661 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Consolidated Statements of Comprehensive Income [Abstract] | ||
Net income | $ 3,839 | $ 40,159 |
Other comprehensive income: | ||
Net change in unrealized gain | 28,972 | 5,413 |
Reclassification adjustment for net losses realized and included in earnings | 1,091 | 605 |
Amortization of unrealized net gain on securities transferred to held to maturity | 798 | 647 |
Other comprehensive income before income taxes | 30,861 | 6,665 |
Income tax | 11,332 | 2,360 |
Other comprehensive income net of income taxes | 19,529 | 4,305 |
Comprehensive income | $ 23,368 | $ 44,464 |
Consolidated Statements of Chan
Consolidated Statements of Changes in Stockholders' Equity - USD ($) $ in Thousands | Common Stock [Member] | Capital Surplus [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Income (Loss), Net [Member] | Treasury Stock [Member] | Total |
Balance at Dec. 31, 2014 | $ 267,820 | $ 1,689,291 | $ 723,496 | $ (50,074) | $ (158,131) | $ 2,472,402 |
Balance, Shares at Dec. 31, 2014 | 80,426,485 | |||||
Net income | 40,159 | 40,159 | ||||
Other comprehensive income | 4,305 | 4,305 | ||||
Comprehensive income | 40,159 | 4,305 | 44,464 | |||
Cash dividends declared ($0.24 per common share) | (19,524) | (19,524) | ||||
Common stock activity, long-term incentive plan | $ 78 | 12,086 | (9,138) | 3,026 | ||
Common stock activity, long-term incentive plan, Shares | 23,242 | |||||
Purchase of common stock under stock buyback program | $ (8,537) | (66,733) | (75,270) | |||
Purchase of common stock under stock buyback program, Shares | (2,563,607) | |||||
Balance at Mar. 31, 2015 | $ 259,361 | 1,701,377 | 744,131 | (45,769) | (234,002) | 2,425,098 |
Balance, Shares at Mar. 31, 2015 | 77,886,120 | |||||
Balance at Dec. 31, 2015 | $ 258,063 | 1,684,101 | 777,944 | (80,595) | (226,370) | $ 2,413,143 |
Balance, Shares at Dec. 31, 2015 | 77,496,429 | 77,496,429 | ||||
Net income | 3,839 | $ 3,839 | ||||
Other comprehensive income | 19,529 | 19,529 | ||||
Comprehensive income | 3,839 | 19,529 | 23,368 | |||
Cash dividends declared ($0.24 per common share) | (19,131) | (19,131) | ||||
Common stock activity, long-term incentive plan | $ 39 | 4,381 | (760) | 3,660 | ||
Common stock activity, long-term incentive plan, Shares | 11,531 | |||||
Balance at Mar. 31, 2016 | $ 258,102 | $ 1,688,482 | $ 762,652 | $ (61,066) | $ (227,130) | $ 2,421,040 |
Balance, Shares at Mar. 31, 2016 | 77,507,960 | 77,507,960 |
Consolidated Statements of Cha7
Consolidated Statements of Changes in Stockholders' Equity (Parenthetical) - $ / shares | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Retained Earnings [Member] | ||
Cash dividends declared, per common share | $ 0.24 | $ 0.24 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
CASH FLOWS FROM OPERATING ACTIVITIES: | ||
Net income | $ 3,839 | $ 40,159 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Depreciation and amortization | 7,199 | 7,218 |
Provision for loan losses | 60,036 | 6,154 |
Loss (gain) on other real estate owned | 416 | (248) |
Deferred tax (benefit) expense | (8,041) | 9,252 |
Increase in cash surrender value of life insurance contracts | (1,208) | (2,596) |
Gain on disposal of other assets | (2,111) | (340) |
Net (increase) decrease in loans held for sale | (3,308) | 356 |
Net amortization of securities premium/discount | 5,799 | 4,223 |
Amortization of intangible assets | 5,124 | 6,318 |
Amortization of FDIC indemnification asset | 1,613 | 1,197 |
Stock-based compensation expense | 4,050 | 3,071 |
Decrease in interest payable and other liabilities | (8,565) | (8,577) |
Net payments (to) from FDIC for loss share claims | (302) | 7,580 |
Decrease (increase) in FDIC loss share receivable | 557 | (1,188) |
Decrease (increase) in other assets | 27,488 | (6,826) |
Other, net | 143 | (447) |
Net cash provided by operating activities | 92,729 | 65,306 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ||
Proceeds from sales of securities | 47,774 | 9,221 |
Proceeds from maturities of securities available for sale | 86,966 | 468,358 |
Purchases of securities available for sale | (167,419) | (638,861) |
Proceeds from maturities of securities held to maturity | 86,632 | 88,381 |
Purchases of securities held to maturity | (236,117) | (207,849) |
Net decrease in interest-bearing bank deposits | 413,478 | 286,551 |
Net decrease in federal funds sold | 526 | 600 |
Proceeds from sales of loans | 61,878 | |
Net increase in loans | (351,202) | (36,137) |
Purchases of property and equipment | (1,550) | (8,609) |
Proceeds from sales of other real estate | 4,316 | 21,969 |
Other, net | 3,567 | (4,582) |
Net cash used in investing activities | (51,151) | (20,958) |
CASH FLOWS FROM FINANCING ACTIVITIES: | ||
Net increase in deposits | 307,254 | 287,654 |
Net decrease in short-term borrowings | (322,857) | (396,323) |
Repayments of long-term debt | (19,551) | (8,800) |
Net proceeds from issuance of long-term debt | 66 | 145,196 |
Dividends paid | (19,131) | (19,524) |
Purchase of common stock under stock buyback program | (75,270) | |
Other, net | (134) | |
Net cash provided by financing activities | (54,353) | (67,067) |
NET DECREASE IN CASH AND DUE FROM BANKS | (12,775) | (22,719) |
CASH AND DUE FROM BANKS, BEGINNING | 303,874 | 356,455 |
CASH AND DUE FROM BANKS, ENDING | 291,099 | 333,736 |
SUPPLEMENTAL INFORMATION FOR NON-CASH INVESTING AND FINANCING ACTIVITIES | ||
Assets acquired in settlement of loans | $ 1,662 | $ 4,161 |
Basis of Presentation
Basis of Presentation | 3 Months Ended |
Mar. 31, 2016 | |
Basis of Presentation [Abstract] | |
Basis of Presentation | 1. Basis of Presentation The consolidated financial statements include the accounts of Hancock Holding Company and all other entities in which it has a controlling interest (the “Company”). The financial statements include all adjustments that are, in the opinion of management, necessary to present fairly the Company’s financial condition, results of operations, changes in stockholders’ equity and cash flows for the interim periods presented. Some financial information and disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the U.S. (“GAAP”) have been condensed or omitted in this Form 10-Q pursuant to Securities and Exchange Commission rules and regulations. These financial statements should be read in conjunction with the audited consolidated financial statements and the notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2015. Financial information reported in these financial statements is not necessarily indicative of the Company’s financial condition, results of operations, or cash flows for any other interim or annual period. Certain prior period amounts have been reclassified to conform to the current period presentation. Effective January 1, 2016, the Company retrospectively adopted accounting guidance intended to simplify the presentation of debt issuance costs by requiring that costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability. Historically, debt issuance costs were reported in the “Other Assets” line items in the Consolidated Balance Sheets and Statements of Cash Flows. All historical periods have been restated to reflect the revised presentation and new required disclosures. The adoption of this guidance did not have a material impact on the Company’s financial condition or operating results. Use of Estimates The accounting principles the Company follows and the methods for applying these principles conform with GAAP and with general practices followed by the banking industry. These accounting principles require management to make estimates and assumptions about future events that affect the amounts reported in the consolidated financial statements and the accompanying notes. Actual results could differ from those estimates. Critical Accounting Policies and Estimates There were no material changes or developments with respect to methodologies that the Company uses when applying what management believes are critical accounting policies and developing critical accounting estimates as disclosed in its Annual Report on Form 10-K for the year ended December 31, 2015. |
Securities
Securities | 3 Months Ended |
Mar. 31, 2016 | |
Securities [Abstract] | |
Securities | 2. Securities The amortized cost and fair value of securities classified as available for sale and held to maturity follow. Securities Available for Sale (in thousands) March 31, 2016 December 31, 2015 Gross Gross Gross Gross Amortized Unrealized Unrealized Fair Amortized Unrealized Unrealized Fair Cost Gains Losses Value Cost Gains Losses Value US Treasury and government agency securities $ 125 $ — $ — $ 125 $ 135 $ — $ 1 $ 134 Municipal obligations 87,190 792 43 87,939 39,410 235 38 39,607 Mortgage-backed securities 1,735,836 30,862 724 1,765,974 1,750,168 19,387 11,182 1,758,373 Collateralized mortgage obligations 287,171 2,414 419 289,166 291,085 140 2,192 289,033 Corporate debt securities 3,500 — — 3,500 3,500 — — 3,500 Equity securities 2,449 340 27 2,762 2,447 358 48 2,757 $ 2,116,271 $ 34,408 $ 1,213 $ 2,149,466 $ 2,086,745 $ 20,120 $ 13,461 $ 2,093,404 Securities Held to Maturity (in thousands) March 31, 2016 December 31, 2015 Gross Gross Gross Gross Amortized Unrealized Unrealized Fair Amortized Unrealized Unrealized Fair Cost Gains Losses Value Cost Gains Losses Value US Treasury and government agency securities $ 50,000 $ 672 $ — $ 50,672 $ 50,000 $ — $ 410 $ 49,590 Municipal obligations 417,911 6,270 430 423,751 185,890 3,475 1,166 188,199 Mortgage-backed securities 983,146 34,214 — 1,017,360 1,014,135 15,585 1,589 1,028,131 Collateralized mortgage obligations 1,067,314 10,630 2,928 1,075,016 1,120,363 2,244 12,676 1,109,931 $ 2,518,371 $ 51,786 $ 3,358 $ 2,566,799 $ 2,370,388 $ 21,304 $ 15,841 $ 2,375,851 The following table presents the amortized cost and fair value of debt securities at March 31, 2016 by contractual maturity. Actual maturities will differ from contractual maturities because of rights to call or repay obligations with or without penalties and scheduled and unscheduled principal payments on mortgage-backed securities and collateralized mortgage obligations. (in thousands) Amortized Fair Debt Securities Available for Sale Cost Value Due in one year or less $ 6,851 $ 6,881 Due after one year through five years 78,862 79,865 Due after five years through ten years 366,738 377,314 Due after ten years 1,661,371 1,682,644 Total available for sale debt securities $ 2,113,822 $ 2,146,704 Amortized Fair Debt Securities Held to Maturity Cost Value Due in one year or less $ 15,296 $ 15,408 Due after one year through five years 415,949 417,841 Due after five years through ten years 356,084 358,834 Due after ten years 1,731,042 1,774,716 Total held to maturity securities $ 2,518,371 $ 2,566,799 The Company held no securities classified as trading at March 31, 2016 or December 31, 2015. The details for securities classified as available for sale with unrealized losses for the periods indicated follow. Available for Sale March 31, 2016 Losses < 12 months Losses 12 months or > Total Gross Gross Gross Fair Unrealized Fair Unrealized Fair Unrealized (in thousands) Value Losses Value Losses Value Losses US Treasury and government agency securities $ — — $ 76 $ — $ 76 $ — Municipal obligations 25,999 43 — — 25,999 43 Mortgage-backed securities 160,058 170 69,703 554 229,761 724 Collateralized mortgage obligations — — 32,215 419 32,215 419 Equity securities — — 1,513 27 1,513 27 $ 186,057 $ 213 $ 103,507 $ 1,000 $ 289,564 $ 1,213 Available for Sale December 31, 2015 Losses < 12 months Losses 12 months or > Total Gross Gross Gross Fair Unrealized Fair Unrealized Fair Unrealized (in thousands) Value Losses Value Losses Value Losses US Treasury and government agency securities $ — $ — $ 82 $ 1 $ 82 $ 1 Municipal obligations 8,296 38 — — 8,296 38 Mortgage-backed securities 831,156 8,257 116,126 2,925 947,282 11,182 Collateralized mortgage obligations 208,397 1,257 33,138 935 241,535 2,192 Equity securities 20 1 1,473 47 1,493 48 $ 1,047,869 $ 9,553 $ 150,819 $ 3,908 $ 1,198,688 $ 13,461 The details for securities classified as held to maturity with unrealized losses for the periods indicated follow. Held to maturity March 31, 2016 Losses < 12 months Losses 12 months or > Total Gross Gross Gross Fair Unrealized Fair Unrealized Fair Unrealized (in thousands) Value Losses Value Losses Value Losses Municipal obligations $ 47,173 $ 118 $ 10,792 $ 312 $ 57,965 $ 430 Collateralized mortgage obligations 8,871 15 314,160 2,913 323,031 2,928 $ 56,044 $ 133 $ 324,952 $ 3,225 $ 380,996 $ 3,358 Held to maturity December 31, 2015 Losses < 12 months Losses 12 months or > Total Gross Gross Gross Fair Unrealized Fair Unrealized Fair Unrealized (in thousands) Value Losses Value Losses Value Losses U.S. Treasury and government agency securities $ 45,590 $ 410 $ — $ — $ 45,590 $ 410 Municipal obligations 22,652 301 48,727 865 71,379 1,166 Mortgage-backed securities 349,635 1,589 — — 349,635 1,589 Collateralized mortgage obligations 516,330 2,894 370,756 9,782 887,086 12,676 $ 934,207 $ 5,194 $ 419,483 $ 10,647 $ 1,353,690 $ 15,841 The unrealized losses primarily relate to changes in market rates on fixed-rate debt securities since the respective purchase dates. In all cases, the indicated impairment on these debt securities would be recovered no later than the security’s maturity date or possibly earlier if the market price for the security increases with a reduction in the yield required by the market. None of the unrealized losses relate to the marketability of the securities or the issuer’s ability to meet contractual obligations. The Company believes it has adequate liquidity and, therefore, does not plan to and, more likely than not, will not be required to sell these securities before recovery of the indicated impairment. Accordingly, the unrealized losses on these securities have been determined to be temporary. Securities with carrying values totaling $3. 1 billion at March 31, 2016 and $3 . 5 billion at December 31, 2015 were pledged as collateral primarily to secure public deposits or securities sold under agreements to repurchase. |
Loans and Allowance for Loan Lo
Loans and Allowance for Loan Losses | 3 Months Ended |
Mar. 31, 2016 | |
Loans and Allowance for Loan Losses [Abstract] | |
Loans and Allowance for Loan Losses | 3. Loans and Allowance for Loan Losses Loans, net of unearned income, consisted of the following. March 31, December 31, (in thousands) 2016 2015 Originated loans: Commercial non-real estate $ 7,088,146 $ 6,930,453 Construction and land development 1,086,382 1,139,743 Commercial real estate 3,504,803 3,220,509 Residential mortgages 1,839,889 1,887,256 Consumer 2,048,068 2,080,626 Total originated loans $ 15,567,288 $ 15,258,587 Acquired loans: Commercial non-real estate $ 51,949 $ 59,843 Construction and land development 2,250 5,080 Commercial real estate 156,285 176,460 Residential mortgages 1,116 27 Consumer 20 20 Total acquired loans $ 211,620 $ 241,430 FDIC acquired loans: Commercial non-real estate $ 5,311 $ 5,528 Construction and land development 6,782 7,127 Commercial real estate 15,004 15,582 Residential mortgages 159,962 162,241 Consumer 12,157 12,819 Total FDIC acquired loans $ 199,216 $ 203,297 Total loans: Commercial non-real estate $ 7,145,406 $ 6,995,824 Construction and land development 1,095,414 1,151,950 Commercial real estate 3,676,092 3,412,551 Residential mortgages 2,000,967 2,049,524 Consumer 2,060,245 2,093,465 Total loans $ 15,978,124 $ 15,703,314 The following briefly describes the distinction among originated, acquired and FDIC acquired loans and certain significant accounting policies relevant to each category. Originated loans Loans reported as “originated” include both loans and leases originated for investment and acquired-performing loans where the discount (premium) has been fully accreted (amortized). Originated loans are reported at the principal balance outstanding, net of unearned income. Interest on loans and accretion of unearned income, including deferred loan fees, are computed in a manner that approximates a level yield on recorded principal. Interest on loans is recognized in income as earned. The accrual of interest on an originated loan is discontinued when, in management’s opinion, it is probable that the borrower will be unable to meet payment obligations as they become due, as well as when required by regulatory provisions. When accrual of interest is discontinued on a loan, all unpaid accrued interest is reversed and payments subsequently received are applied first to recover principal. Interest income is recognized for payments received after contractual principal has been satisfied. Loans are returned to accrual status when all the principal and interest contractually due are brought current and future payment performance is reasonably assured. Acquired loans Loans reported as “acquired” are those loans that were purchased in the 2011 Whitney Holding Corporation acquisition. These loans were recorded at estimated fair value at the acquisition date with no carryover of the related allowance for loan losses. At the time of the Whitney acquisition, the Whitney acquired loans were segregated between those considered to be performing (“acquired-performing”) and those with evidence of credit deterioration (“acquired-impaired”) based on such factors as past due status, nonaccrual status and credit risk ratings (rated substandard or worse). The acquired loans were further segregated into loan pools designed to facilitate the development of expected cash flows to be used in estimating fair value for purchase accounting. Acquired-performing loans are accounted for under ASC 310-20 and acquired-impaired loans are accounted for under ASC 310-30. Acquired-performing loans were segregated into pools based on common risk characteristics such as loan type, credit risk ratings, and contractual interest rate and repayment terms. The major loan types included commercial and industrial loans not secured by real estate, real estate construction and land development loans, commercial real estate loans, residential mortgage loans, and consumer loans, with further segregation within certain loan types as needed. Expected cash flows, both principal and interest, from each pool were estimated based on key assumptions covering such factors as prepayments, default rates, and severity of loss given a default. These assumptions were developed using both historical experience and the portfolio characteristics at acquisition as well as available market research. The fair value for each acquired-performing pool was based on the estimate of expected cash flows from the pool discounted at prevailing market rates. The difference at the acquisition date between the fair value and the contractual amounts due of an acquired-performing loan pool (the “fair value discount”) is accreted into income over the estimated life of the pool. Acquired-performing loans are placed on nonaccrual status and reported as nonperforming or past due using the same criteria applied to the originated portfolio. The acquired-impaired loans were segregated into pools by identifying loans with common credit risk profiles and were based primarily on characteristics such as loan type and market area in which originated. The major loan types included commercial and industrial loans not secured by real estate, real estate construction and land development loans, commercial real estate loans, and residential mortgage loans, with further segregation within certain loan types as needed. The acquired-impaired loans were further disaggregated by geographic region in recognition of the differences in general economic conditions affecting borrowers in certain states. The fair value estimate for each pool of acquired-impaired loans was based on the estimate of expected cash flows from the pool discounted at prevailing market rates. The excess of estimated cash flows expected to be collected from an acquired-impaired loan pool over the pool’s carrying value is referred to as the accretable yield and is recognized in interest income using an effective yield method over the expected life of the loan pool. Each pool of acquired-impaired loans is accounted for as a single asset with a single composite interest rate and an aggregate expectation of cash flows. Acquired-impaired loans in pools with an accretable yield and expected cash flows that are reasonably estimable are considered to be accruing and performing even though collection of contractual payments on loans within the pool may be in doubt, because the pool is the unit of accounting. Acquired-impaired loans are generally not subject to individual evaluation for impairment and are not reported with impaired loans or troubled debt restructurings even if they would otherwise qualify for such treatment. FDIC acquired loans and the related loss share receivable Loans reported as “FDIC acquired” are loans purchased in the 2009 acquisition of Peoples First Community Bank (“Peoples First”) that were covered by two loss share agreements between the FDIC and the Company. These loans are accounted for as acquired-impaired loans as described above in the section on acquired loans. The Company treated all loans for the Peoples First acquisition as impaired based on the significant amount of deteriorating and nonperforming loans, comprised mainly of adjustable rate mortgages and home equity loans, located in Florida. The loss share receivable is measured separately from the related covered loans as it is not contractually embedded in the loans and is not transferrable should the loans be sold. The fair value of the loss share receivable at acquisition was estimated by discounting expected reimbursements for losses from the loans covered by the loss share agreements, including appropriate consideration of possible true-up payments to the FDIC at the expiration of the agreements. The loss share receivable is reviewed and updated prospectively as loss estimates related to covered loan pools change. Increases in expected reimbursements under the loss sharing agreement will lead to an increase in the loss share receivable. A decrease in expected reimbursements is reflected first as a reversal of any previously recorded increase in the loss share receivable on the covered loan pools with the remainder reflected as an increase in the loss share receivable’s amortization rate. The loss share receivable serves to offset the impact on provision due to impairments or impairment reversals that occur as a result of changes in loss estimates on the underlying covered loan pools. The excess (or shortfall) of expected claims compared to the carrying value of the loss share receivable is accreted (amortized) into noninterest income over the shorter of the remaining life of the covered loan pool or the life of the loss share agreement. The impact on operations of an increase in the loss share receivable’s amortization rate is associated with an increase in the accretable yield on the underlying loan pool. The loss share receivable is reduced as cash is received from the FDIC related to losses incurred on covered assets. The following schedule shows activity in the loss share receivable for the three months ended March 31, 2016 and 201 5 . Three Months Ended March 31, March 31, (in thousands) 2016 2015 Balance, January 1 $ 29,868 $ 60,272 Amortization (1,613) (1,197) Charge-offs, write-downs and other recoveries (1,005) (1,475) External expenses qualifying under loss share agreement 465 298 Changes due to changes in cash flow projections (2,189) (421) Net payments to (from) FDIC 302 (7,580) Ending balance $ 25,828 $ 49,897 The loss share agreement covering the non-single family FDIC acquired portfolio expired in December 2014. The loss share agreement covering the single family portfolio expires in December 2019. The following schedule shows activity in the allowance for loan losses by portfolio segment for the three months ended March 31, 2016 and 2015, as well as the corresponding recorded investment in loans at the end of each period. Construction Commercial and land Commercial Residential (in thousands) non-real estate development real estate mortgages Consumer Total Three Months Ended March 31, 2016 Originated loans Allowance for loan losses: Beginning balance $ 108,982 $ 4,985 $ 14,059 $ 7,690 $ 22,310 $ 158,026 Charge-offs (17,667) (110) (898) (175) (5,843) (24,693) Recoveries 809 605 185 301 1,494 3,394 Net provision for loan losses 52,096 (1,627) 7,325 235 2,529 60,558 Ending balance $ 144,220 $ 3,853 $ 20,671 $ 8,051 $ 20,490 $ 197,285 Ending balance: Individually evaluated for impairment $ 26,502 $ 185 $ 1,332 $ 125 $ 16 $ 28,160 Collectively evaluated for impairment 117,718 3,668 19,339 7,926 20,474 169,125 Loans: Ending balance: $ 7,088,146 $ 1,086,382 $ 3,504,803 $ 1,839,889 $ 2,048,068 $ 15,567,288 Individually evaluated for impairment 201,029 14,072 12,393 883 58 228,435 Collectively evaluated for impairment 6,887,117 1,072,310 3,492,410 1,839,006 2,048,010 15,338,853 Acquired loans Allowance for loan losses: Beginning balance $ — $ — $ 33 $ — $ — $ 33 Charge-offs — — — — — — Recoveries — — — — — — Net provision for loan losses — — (26) — — (26) Ending balance $ — $ — $ 7 $ — $ — $ 7 Ending balance: Individually evaluated for impairment $ — $ — $ 7 $ — $ — $ 7 Amounts related to acquired-impaired loans — — — — — — Collectively evaluated for impairment — — — — — — Loans: Ending balance: $ 51,949 $ 2,250 $ 156,285 $ 1,116 $ 20 $ 211,620 Individually evaluated for impairment — — 2,306 — — 2,306 Acquired-impaired loans 7,348 2,148 12,045 1,116 20 22,677 Collectively evaluated for impairment 44,601 102 141,934 — — 186,637 Construction Commercial and land Commercial Residential (in thousands) non-real estate development real estate mortgages Consumer Total Three Months Ended March 31, 2016 FDIC acquired loans Allowance for loan losses: Beginning balance $ 446 $ 657 $ 1,807 $ 17,663 $ 2,547 $ 23,120 Charge-offs — (18) (29) — — (47) Recoveries 3 35 36 1 39 114 Net provision for loan losses 7 (151) (303) 1,130 (1,179) (496) Increase (decrease) in FDIC loss share receivable (17) — — (2,153) (19) (2,189) Ending balance $ 439 $ 523 $ 1,511 $ 16,641 $ 1,388 $ 20,502 Ending balance: Individually evaluated for impairment $ — $ — $ — $ — $ — $ — Amounts related to acquired-impaired loans 439 523 1,511 16,641 1,388 20,502 Collectively evaluated for impairment — — — — — — Loans: Ending balance: $ 5,311 $ 6,782 $ 15,004 $ 159,962 $ 12,157 $ 199,216 Individually evaluated for impairment — — — — — — Acquired-impaired loans 5,311 6,782 15,004 159,962 12,157 199,216 Collectively evaluated for impairment — — — — — — Total loans Allowance for loan losses: Beginning balance $ 109,428 $ 5,642 $ 15,899 $ 25,353 $ 24,857 $ 181,179 Charge-offs (17,667) (128) (927) (175) (5,843) (24,740) Recoveries 812 640 221 302 1,533 3,508 Net provision for loan losses 52,103 (1,778) 6,996 1,365 1,350 60,036 Increase (decrease) in FDIC loss share receivable (17) — — (2,153) (19) (2,189) Ending balance $ 144,659 $ 4,376 $ 22,189 $ 24,692 $ 21,878 $ 217,794 Ending balance: Individually evaluated for impairment $ 26,502 $ 185 $ 1,339 $ 125 $ 16 $ 28,167 Amounts related to acquired-impaired loans 439 523 1,511 16,641 1,388 20,502 Collectively evaluated for impairment 117,718 3,668 19,339 7,926 20,474 169,125 Loans: Ending balance: $ 7,145,406 $ 1,095,414 $ 3,676,092 $ 2,000,967 $ 2,060,245 $ 15,978,124 Individually evaluated for impairment 201,029 14,072 14,699 883 58 230,741 Acquired-impaired loans 12,659 8,930 27,049 161,078 12,177 221,893 Collectively evaluated for impairment 6,931,718 1,072,412 3,634,344 1,839,006 2,048,010 15,525,490 Construction Commercial and land Commercial Residential (in thousands) non-real estate development real estate mortgages Consumer Total Three Months ended March 31, 2015 Originated loans Allowance for loan losses: Beginning balance $ 50,258 $ 5,413 $ 16,544 $ 8,051 $ 17,435 $ 97,701 Charge-offs (1,697) (747) (251) (1,209) (3,556) (7,460) Recoveries 981 1,243 (3) 305 1,280 3,806 Net provision for loan losses 6,754 (1,500) (966) 738 1,421 6,447 Ending balance $ 56,296 $ 4,409 $ 15,324 $ 7,885 $ 16,580 $ 100,494 Ending balance: Individually evaluated for impairment $ 529 $ 71 $ 147 $ 88 $ 3 $ 838 Collectively evaluated for impairment 55,767 4,338 15,177 7,797 16,577 99,656 Loans: Ending balance: $ 5,861,887 $ 1,087,449 $ 2,492,351 $ 1,736,033 $ 1,742,810 $ 12,920,530 Individually evaluated for impairment 14,566 4,381 17,210 2,423 120 38,700 Collectively evaluated for impairment 5,847,321 1,083,068 2,475,141 1,733,610 1,742,690 12,881,830 Acquired loans Allowance for loan losses: Beginning balance $ — $ — $ 477 $ — $ — $ 477 Charge-offs — — — — — — Recoveries — — — — — — Net provision for loan losses — — (223) — — (223) Ending balance $ — $ — $ 254 $ — $ — $ 254 Ending balance: Individually evaluated for impairment $ — $ — $ 254 $ — $ — $ 254 Amounts related to acquired-impaired loans — — — — — — Collectively evaluated for impairment — — — — — — Loans: Ending balance: $ 118,260 $ 14,579 $ 629,975 $ 2,485 $ 25 $ 765,324 Individually evaluated for impairment — — 2,579 — — 2,579 Acquired-impaired loans 8,708 12,801 21,226 2,485 25 45,245 Collectively evaluated for impairment 109,552 1,778 606,170 — — 717,500 Construction Commercial and land Commercial Residential (in thousands) non-real estate development real estate mortgages Consumer Total Three Months ended March 31, 2015 FDIC acquired loans Allowance for loan losses: Beginning balance $ 911 $ 1,008 $ 4,061 $ 20,609 $ 3,995 $ 30,584 Charge-offs (127) (276) (2,368) (93) (140) (3,004) Recoveries 14 406 113 — 16 549 Net provision for loan losses (2) (6) 202 (195) (69) (70) Increase (decrease) in FDIC loss share receivable (13) (34) 1,207 (1,171) (410) (421) Ending balance $ 783 $ 1,098 $ 3,215 $ 19,150 $ 3,392 $ 27,638 Ending balance: Individually evaluated for impairment $ — $ — $ — $ — $ — $ — Amounts related to acquired-impaired loans 783 1,098 3,215 19,150 3,392 27,638 Collectively evaluated for impairment — — — — — — Loans: — Ending balance: $ 6,937 $ 11,482 $ 27,777 $ 175,367 $ 16,969 $ 238,532 Individually evaluated for impairment — — — — — — Acquired-impaired loans 6,937 11,482 27,777 175,367 16,969 238,532 Collectively evaluated for impairment — — — — — — Total loans Allowance for loan losses: Beginning balance $ 51,169 $ 6,421 $ 21,082 $ 28,660 $ 21,430 $ 128,762 Charge-offs (1,824) (1,023) (2,619) (1,302) (3,696) (10,464) Recoveries 995 1,649 110 305 1,296 4,355 Net provision for loan losses 6,752 (1,506) (987) 543 1,352 6,154 Increase (decrease) in FDIC loss share receivable (13) (34) 1,207 (1,171) (410) (421) Ending balance $ 57,079 $ 5,507 $ 18,793 $ 27,035 $ 19,972 $ 128,386 Ending balance: Individually evaluated for impairment $ 529 $ 71 $ 401 $ 88 $ 3 $ 1,092 Amounts related to acquired-impaired loans 783 1,098 3,215 19,150 3,392 27,638 Collectively evaluated for impairment 55,767 4,338 15,177 7,797 16,577 99,656 Loans: Ending balance: $ 5,987,084 $ 1,113,510 $ 3,150,103 $ 1,913,885 $ 1,759,804 $ 13,924,386 Individually evaluated for impairment 14,566 4,381 19,789 2,423 120 41,279 Acquired-impaired loans 15,645 24,283 49,003 177,852 16,994 283,777 Collectively evaluated for impairment 5,956,873 1,084,846 3,081,311 1,733,610 1,742,690 13,599,330 The following table shows the composition of nonaccrual loans by portfolio segment and class. Acquired-impaired and certain FDIC acquired loans are considered to be performing due to the application of the accretion method and are excluded from the table. FDIC acquired loans accounted for using the cost recovery method do not have an accretable yield and are included below as nonaccrual loans. Acquired-performing loans that have subsequently been placed on nonaccrual status are also included below. March 31, December 31, (in thousands) 2016 2015 Originated loans: Commercial non-real estate $ 165,930 $ 88,743 Construction and land development 16,997 17,294 Commercial real estate 19,217 17,824 Residential mortgages 23,713 23,799 Consumer 8,538 9,061 Total originated loans $ 234,395 $ 156,721 Acquired loans: Commercial non-real estate $ — $ — Construction and land development — — Commercial real estate 2,908 2,992 Residential mortgages — — Consumer — — Total acquired loans $ 2,908 $ 2,992 FDIC acquired loans: Commercial non-real estate $ — $ — Construction and land development — — Commercial real estate — — Residential mortgages — — Consumer — — Total FDIC acquired loans $ — $ — Total loans: Commercial non-real estate 165,930 88,743 Construction and land development 16,997 17,294 Commercial real estate 22,125 20,816 Residential mortgages 23,713 23,799 Consumer 8,538 9,061 Total loans $ 237,303 $ 159,713 Nonaccrual loans include loans modified in troubled debt restructurings (“TDRs”) of $18.3 million and $8.8 million at March 31, 2016 and December 31, 2015, respectively. Total TDRs, both accruing and nonaccruing, were $63.9 million as of March 31, 2016 and $13.1 million at December 31, 2015. The table below details TDRs that were modified during the three months ended March 31, 2016 and March 31, 2015 by portfolio segment. The TDRs during the three months ended March 31, 2016 and 2015 were extended amortization, other modification of payment terms, or covenant violations. All are individually evaluated for impairment. Three Months Ended ($ in thousands) March 31, 2016 March 31, 2015 Pre-Modification Post-Modification Pre-Modification Post-Modification Outstanding Outstanding Outstanding Outstanding Number of Recorded Recorded Number of Recorded Recorded Troubled Debt Restructurings: Contracts Investment Investment Contracts Investment Investment Originated loans: Commercial non-real estate 11 $ 51,246 $ 51,246 — $ — $ — Construction and land development — — — — — — Commercial real estate — — — — — — Residential mortgages — — — 2 68 68 Consumer — — — 1 20 20 Total originated loans 11 $ 51,246 $ 51,246 3 $ 88 $ 88 Acquired loans: Commercial non-real estate — $ — $ — — $ — $ — Construction and land development — — — — — — Commercial real estate — — — — — — Residential mortgages — — — — — — Consumer — — — — — — Total acquired loans — $ — $ — — $ — $ — FDIC acquired loans: Commercial non-real estate — $ — $ — — $ — $ — Construction and land development — — — — — — Commercial real estate — — — — — — Residential mortgages — — — — — — Consumer — — — — — — Total FDIC acquired loans — $ — $ — — $ — $ — Total loans: Commercial non-real estate 11 $ 51,246 $ 51,246 — $ — $ — Construction and land development — — — — — — Commercial real estate — — — — — — Residential mortgages — — — 2 68 68 Consumer — — — 1 20 20 Total loans 11 $ 51,246 $ 51,246 3 $ 88 $ 88 No TDRs that subsequently defaulted within twelve months of modification were recorded in the three months ended March 31, 2016 or 2015. The tables below present loans that are individually evaluated for impairment disaggregated by class at March 31, 2016 and December 31, 2015 . Loans individually evaluated for impairment include TDRs and loans that are determined to be impaired and have aggregate relationship balances of $1 million or more. March 31, 2016 December 31, 2015 Unpaid Unpaid Recorded Principal Related Recorded Principal Related (in thousands) Investment Balance Allowance Investment Balance Allowance Originated loans: With no related allowance recorded: Commercial non-real estate $ 77,155 $ 85,295 $ — $ 34,788 $ 37,285 $ — Construction and land development 12,413 12,413 — 12,461 12,461 — Commercial real estate 5,939 6,140 — 7,785 8,499 — Residential mortgages — — — — — — Consumer — — — — — — 95,507 103,848 — 55,034 58,245 — With an allowance recorded: Commercial non-real estate 123,874 125,744 26,502 46,834 47,703 19,031 Construction and land development 1,659 2,315 185 1,765 2,323 392 Commercial real estate 6,454 6,521 1,332 6,406 6,413 1,372 Residential mortgages 883 1,394 125 895 1,405 127 Consumer 58 58 16 152 152 33 132,928 136,032 28,160 56,052 57,996 20,955 Total: Commercial non-real estate 201,029 211,039 26,502 81,622 84,988 19,031 Construction and land development 14,072 14,728 185 14,226 14,784 392 Commercial real estate 12,393 12,661 1,332 14,191 14,912 1,372 Residential mortgages 883 1,394 125 895 1,405 127 Consumer 58 58 16 152 152 33 Total originated loans $ 228,435 $ 239,880 $ 28,160 $ 111,086 $ 116,241 $ 20,955 Acquired loans: With an allowance recorded: Commercial non-real estate $ — $ — $ — $ — $ — $ — Construction and land development — — — — — — Commercial real estate 2,306 2,343 7 2,340 2,382 33 Residential mortgages — — — — — — Consumer — — — — — — 2,306 2,343 7 2,340 2,382 33 Total: Commercial non-real estate — — — — — — Construction and land development — — — — — — Commercial real estate 2,306 2,343 7 2,340 2,382 33 Residential mortgages — — — — — — Consumer — — — — — — Total acquired loans $ 2,306 $ 2,343 $ 7 $ 2,340 $ 2,382 $ 33 March 31, 2016 December 31, 2015 Unpaid Unpaid Recorded Principal Related Recorded Principal Related (in thousands) Investment Balance Allowance Investment Balance Allowance Total loans: With no related allowance recorded: Commercial non-real estate $ 77,155 $ 85,295 $ — $ 34,788 $ 37,285 $ — Construction and land development 12,413 12,413 — 12,461 12,461 — Commercial real estate 5,939 6,140 — 7,785 8,499 — Residential mortgages — — — — — — Consumer — — — — — — 95,507 103,848 — 55,034 58,245 — With an allowance recorded: Commercial non-real estate 123,874 125,744 26,502 46,834 47,703 19,031 Construction and land development 1,659 2,315 185 1,765 2,323 392 Commercial real estate 8,760 8,864 1,339 8,746 8,795 1,405 Residential mortgages 883 1,394 125 895 1,405 127 Consumer 58 58 16 152 152 33 135,234 138,375 28,167 58,392 60,378 20,988 Total: Commercial non-real estate 201,029 211,039 26,502 81,622 84,988 19,031 Construction and land development 14,072 14,728 185 14,226 14,784 392 Commercial real estate 14,699 15,004 1,339 16,531 17,294 1,405 Residential mortgages 883 1,394 125 895 1,405 127 Consumer 58 58 16 152 152 33 Total loans $ 230,741 $ 242,223 $ 28,167 $ 113,426 $ 118,623 $ 20,988 Three Months Ended March 31, 2016 March 31, 2015 Average Interest Average Interest Recorded Income Recorded Income (in thousands) Investment Recognized Investment Recognized Originated loans: With no related allowance recorded: Commercial non-real estate $ 55,972 $ — $ 7,196 $ — Construction and land development 12,437 — 1,915 — Commercial real estate 6,862 9 9,563 10 Residential mortgages — — 517 1 Consumer — — 51 — 75,271 9 19,242 11 With an allowance recorded: Commercial non-real estate 85,354 182 2,081 2 Construction and land development 1,712 — 4,401 32 Commercial real estate 6,430 27 5,103 17 Residential mortgages 889 2 2,023 11 Consumer 105 1 13 2 94,490 212 13,621 64 Total: Commercial non-real estate 141,326 182 9,277 2 Construction and land development 14,149 — 6,316 32 Commercial real estate 13,292 36 14,666 27 Residential mortgages 889 2 2,540 12 Consumer 105 1 64 2 Total originated loans $ 169,761 $ 221 $ 32,863 $ 75 Acquired loans: With no related allowance recorded: Commercial non-real estate $ — $ — $ — $ — Construction and land development — — — — Commercial real estate — — — — Residential mortgages — — — — Consumer — — — — — — — — With an allowance recorded: Commercial non-real estate — — — — Construction and land development — — — — Commercial real estate 2,323 — 2,635 — Residential mortgages — — — — Consumer — — — — 2,323 — 2,635 — Total: Commercial non-real estate — — — — Construction and land development — — — — Commercial real estate 2,323 — 2,635 — Residential mortgages — — — — Consumer — — — — Total acquired loans $ 2,323 $ — $ 2,635 $ — Three Months Ended March 31, 2016 March 31, 2015 Average Interest Average Interest Recorded Income Recorded Income (in thousands) Investment Recognized Investment Recognized Total loans: With no related allowance recorded: Commercial non-real estate $ 55,972 $ — $ 7,196 $ — Construction and land development 12,437 — 1,915 — Commercial real estate 6,862 9 9,563 10 Residential mortgages — — 517 1 Consumer — — 51 — 75,271 9 19,242 11 With an allowance recorded: Commercial non-real estate 85,354 182 2,081 2 Construction and land development 1,712 — 4,401 32 Commercial real estate 8,753 27 7,738 17 Residential mortgages 889 2 2,023 11 Consumer 105 1 13 2 96,813 212 16,256 64 Total: Commercial non-real estate 141,326 182 9,277 2 Construction and land development 14,149 — 6,316 32 Commercial real estate 15,615 36 17,301 27 Residential mortgages 889 2 2,540 12 Consumer 105 1 64 2 Total loans $ 172,084 $ 221 $ 35,498 $ 75 The tables below present the age analysis of past due loans at March 31, 2016 and December 31, 2015 . FDIC acquired and acquired-impaired loans accounted for in pools with an accretable yield are considered to be current. Recorded Greater than investment 30-59 days 60-89 days 90 days Total Total > 90 days and March 31, 2016 past due past due past due past due Current Loans still accruing (in thousands) Originated loans: Commercial non-real estate $ 35,443 $ 2,843 $ 23,366 $ 61,652 $ 7,026,494 $ 7,088,146 $ 2,503 Construction and land development 6,007 126 18,684 24,817 1,061,565 1,086,382 3,610 Commercial real estate 7,873 1,042 13,789 22,704 3,482,099 3,504,803 1,892 Residential mortgages 18,644 6,615 10,375 35,634 1,804,255 1,839,889 123 Consumer 14,050 3,500 6,171 23,721 2,024,347 2,048,068 1,098 Total $ 82,017 $ 14,126 $ 72,385 $ 168,528 $ 15,398,760 $ 15,567,288 $ 9,226 Acquired loans: Commercial non-real estate $ — $ — $ — $ — $ 51,949 $ 51,949 $ — Construction and land development — — — — 2,250 2,250 — Commercial real estate — — 453 453 155,832 156,285 — Residential mortgages — — — — 1,116 1,116 — Consumer — — — — 20 20 — Total $ — $ — $ 453 $ 453 $ 211,167 $ 211,620 $ — FDIC acquired loans: Commercial non-real estate $ — $ — $ — $ — $ 5,311 $ 5,311 $ — Construction and land development — — — — 6,782 6,782 — Commercial real estate — — — — 15,004 15,004 — Residential mortgages — — — — 159,962 159,962 — Consumer — — — — 12,157 12,157 — Total $ — $ — $ — $ — $ 199,216 $ 199,216 $ — Total loans: Commercial non-real estate $ 35,443 $ 2,843 $ 23,366 $ 61,652 $ 7,083,754 $ 7,145,406 $ 2,503 Construction and land development 6,007 126 18,684 24,817 1,070,597 1,095,414 3,610 Commercial real estate 7,873 1,042 14,242 23,157 3,652,935 3,676,092 1,892 Residential mortgages 18,644 6,615 10,375 35,634 1,965,333 2,000,967 123 Consumer 14,050 3,500 6,171 23,721 2,036,524 2,060,245 1,098 Total $ 82,017 $ 14,126 $ 72,838 $ 168,981 $ 15,809,143 $ 15,978,124 $ 9,226 Recorded Greater than investment 30-59 days 60-89 days 90 days Total Total > 90 days and December 31, 2015 past due past due past due past due Current Loans still accruing (in thousands) Originated loans: Commercial non-real estate $ 17,406 $ 1,468 $ 25,007 $ 43,881 $ 6,886,572 $ 6,930,453 $ 3,060 Construction and land development 19,886 436 4,043 24,365 1,115,378 1,139,743 1,230 Commercial real estate 6,754 1,329 12,503 20,586 3,199,923 3,220,509 1,034 Residential mortgages 18,657 4,360 11,840 34,857 1,852,399 1,887,256 163 Consumer 16,309 4,432 8,645 29,386 2,051,240 2,080,626 2,166 Total $ 79,012 $ 12,025 $ 62,038 $ 153,075 $ 15,105,512 $ 15,258,587 $ 7,653 Acquired loans: Commercial non-real estate $ — $ — $ — $ — $ 59,843 $ 59,843 $ — Construction and land development — — — — 5,080 5,080 — Commercial real estate 15 76 525 616 175,844 176,460 — Residential mortgages — — — — 27 27 — Consumer — — — — 20 20 — Total $ 15 $ 76 $ 525 $ 616 $ 240,814 $ 241,430 $ — FDIC acquired loans: Commercial non-real estate $ — $ — $ — $ — $ 5,528 $ 5,528 $ — Construction and land development — — — — 7,127 7,127 — Commercial real estate — — — — 15,582 15,582 — Residential mortgages — — — — 162,241 162,241 — Consumer — — — — 12,819 12,819 — Total $ — $ — $ — $ — $ 203,297 $ 203,297 $ — Total loans: Commercial non-real estate $ 17,406 $ 1,468 $ 25,007 $ 43,881 $ 6,951,943 $ 6,995,824 $ 3,060 Construction and land development 19,886 436 4,043 24,365 1,127,585 1,151,950 1,230 Commercial real estate 6,769 1,405 13,028 21,202 3,391,349 3,412,551 1,034 Residential mortgages 18,657 4,360 11,840 34,857 2,014,667 2,049,524 163 Consumer 16,309 4,432 8,645 29,386 2,064,079 2,093,465 2,166 Total $ 79,027 $ 12,101 $ 62,563 $ 153,691 $ 15,549,623 $ 15,703,314 $ 7,653 The following tables present the credit quality indicators of the Company’s various classes of loans at March 31, 2016 and December 31, 2015 . Commercial Non-Real Estate Credit Exposure Credit Risk Profile by Internally Assigned Grade March 31, 2016 December 31, 2015 (in thousands) Originated Acquired FDIC acquired Total Originated Acquired FDIC acquired Total Grade: Pass $ 5,895,649 $ 44,847 $ 2,068 $ 5,942,564 $ 6,205,372 $ 53,381 $ 2,110 $ 6,260,863 Pass-Watch 298,176 — 733 298,909 167,720 — 869 168,589 Special Mention 208,731 2 — 208,733 211,230 — — 211,230 Substandard 683,449 7,100 2,510 693,059 346,087 6,462 2,549 355,098 Doubtful 2,141 — — 2,141 44 — — 44 Total $ 7,088,146 $ 51,949 $ 5,311 $ 7,145,406 $ 6,930,453 $ 59,843 $ 5,528 $ 6,995,824 Construction Credit Exposure Credit Risk Profile by Internally Assigned Grade March 31, 2016 December 31, 2015 (in thousands) Originated Acquired FDIC acquired Total Originated Acquired FDIC acquired Total Grade: Pass $ 1,036,847 $ 837 $ 1,455 $ 1,039,139 $ 1,092,299 $ 910 $ 2,087 $ 1,095,296 Pass-Watch 22,947 150 1,885 24,982 5,709 223 909 6,841 Special Mention 592 — 21 613 12,017 — 280 12,297 Substandard 25,996 1,263 3,421 30,680 29,718 3,947 3,851 37,516 Total $ 1,086,382 $ 2,250 $ 6,782 $ 1,095,414 $ 1,139,743 $ 5,080 $ 7,127 $ 1,151,950 Commercial Real Estate Credit Exposure Credit Risk Profile by Internally Assigned Grade March 31, 2016 December 31, 2015 (i |
Securities Sold under Agreement
Securities Sold under Agreements to Repurchase | 3 Months Ended |
Mar. 31, 2016 | |
Securities Sold under Agreements to Repurchase [Abstract] | |
Securities Sold under Agreements to Repurchase | 4. Securities Sold under Agreements to Repurchase Included in short term borrowings at March 31, 2016 was $419.0 million of customer securities sold under agreements to repurchase (“repurchase agreements”) that mature daily and were secured by agency securities. The Company borrows funds on a secured basis by selling securities under agreements to repurchase, mai nly in connection with treasury management services offered to its deposit customers. As the Company maintains effective control over assets sold under agreements to repurchase, the securities continue to be carried on the consolidated statements of financial condition. Because the Company acts as borrower transferring assets to the counterparty, and the agreements mature daily, the Company’s risk is very limited. |
Long-Term Debt
Long-Term Debt | 3 Months Ended |
Mar. 31, 2016 | |
Long-Term Debt [Abstract] | |
Long-Term Debt | 5. Long-Term Debt Effective January 1, 2016, the Company retrospectively adopted accounting guidance intended to simplify the presentation of debt issuance costs by requiring that costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability. Historically, debt issuance costs were reported in the “Other Assets” line items in the Consolidated Balance Sheets and Statements of Cash Flows. All historical periods have been restated to reflect the revised presentation and new required disclosures are reflected below. The adoption of this guidance did not have a material impact on the Company’s financial condition or operating results. Long-term debt consisted of the following: March 31, December 31, (in thousands) 2016 2015 Subordinated notes payable, maturing June 2045 $ 150,000 $ 150,000 Subordinated notes payable, maturing April 2017 98,011 98,011 Term note payable, maturing December 2018 120,525 125,000 Other long-term debt 108,581 122,988 Less unamortized debt issuance costs (5,872) (5,854) Total long-term debt less unamortized debt issuance costs $ 471,245 $ 490,145 Long-term debt with its related unamortized debt issuance cost at March 31, 2016 is presented in the following table: Long-term debt at March 31, 2016, consisted of the following: Unamortized Debt Issuance (in thousands) Principal Costs Subordinated notes payable, maturing June 2045 $ 150,000 $ 5,088 Subordinated notes payable, maturing April 2017 98,011 - Term note payable, maturing December 2018 120,525 784 Other long-term debt 108,581 - Total $ 477,117 5,872 |
Derivatives
Derivatives | 3 Months Ended |
Mar. 31, 2016 | |
Derivatives [Abstract] | |
Derivatives | 6. Derivatives Risk Management Objective of Using Derivatives The Company enters into derivative financial instruments to manage risks related to differences in the amount, timing, and duration of the Company’s known or expected cash receipts and its known or expected cash payments, currently related to select pools of variable rate loans . The Bank has also entered into interest rate derivative agreements as a service to certain qualifying customers. The Bank manages a matched book with respect to these customer derivatives in order to minimize their net risk exposure resulting from such agreements. The Bank also enters into risk participation agreements under which they may either sell or buy credit risk associated with a customer’s performance under certain interest rate derivative contracts related to loans in which participation interests have been sold to or purchased from other banks. Fair Values of Derivative Instruments on the Balance Sheet The table below presents the notional amounts and fair values of the Company’s derivative financial instruments as well as their classification on the consolidated balance sheets as of March 31, 2016 and December 31, 2015 . Fair Values (1) Notional Amounts Assets Liabilities Type of March 31, December 31, March 31, December 31, March 31, December 31, (in thousands) Hedge 2016 2015 2016 2015 2016 2015 Derivatives designated as hedging instruments: Interest rate swaps Cash Flow $ 800,000 $ 500,000 $ 1,808 $ — $ — $ 281 $ 800,000 $ 500,000 $ 1,808 $ — $ — $ 281 Derivatives not designated as hedging instruments: Interest rate swaps (2) N/A $ 826,734 $ 780,871 $ 32,510 $ 20,622 $ 33,838 $ 21,007 Risk participation agreements N/A 89,723 83,430 112 83 217 162 Forward commitments to sell residential mortgage loans N/A 83,935 55,128 51 263 979 336 Interest rate-lock commitments on residential mortgage loans N/A 60,607 38,853 697 243 24 167 Foreign exchange forward contracts N/A 37,015 44,068 1,301 2,040 1,278 2,015 $ 1,098,014 $ 1,002,350 $ 34,671 $ 23,251 $ 36,336 $ 23,687 (1) Derivative assets and liabilities are reported with other assets or other liabilities, respectively, in the consolidated balance sheets. (2) The notional amount represents both the customer accommodation agreements and offsetting agreements with unrelated financial institutions. Cash Flow Hedges of Interest Rate Risk The Company is party to five interest rate swap agreements designated as and qualify ing as cash flow hedges of the Company’s forec asted variable cash flows for pool s of variable rate loans. For each agreement, the Company receives interest at a fixed rate and pays at a variable rate. The five swap agreements expire as follows: notional amount of $300 million expires in January 2017 ; n otional amount of $200 million expires in June 2017 ; and three contracts each with notional amounts of $100 million expire in April 2018 , 2019 , and 2020 . During the terms of the swap agreements, the effective portion of changes in the fair value of the derivative instruments are recorded in AOCI and subsequently reclassified into earnings in the periods that the hedged forecasted variabl e-rate interest payments affect earnings . The impact on AOCI is reflected in footnote 7. There was no ineffective portion of the change in fair value of the derivative recognized directly in earnings. Derivatives Not Designated as Hedges Customer interest rate derivative program The Bank enters into interest rate derivative agreements, primarily rate swaps, with commercial banking customers to facilitate their risk management strategies. The Bank enters into offsetting agreements with unrelated financial institutions, thereby mitigating its net risk exposure resulting from such transactions. Because the interest rate derivatives associated with this program do not meet hedge accounting requirements, changes in the fair value of both the customer derivatives and the offsetting derivatives are recognized directly in earnings. Risk participation agreements The Bank also enters into risk participation agreements under which it may either assume or sell credit risk associated with a borrower’s performance under certain interest rate derivative contracts. In those instances where the Bank has assumed credit risk, it is not a direct counterparty to the derivative contract with the borrower and has entered into the risk participation agreement because it is a party to the related loan agreement with the borrower. In those instances in which the Bank has sold credit risk, it is the sole counterparty to the derivative contract with the borrower and has entered into the risk participation agreement because other banks participate in the related loan ag reement. The Bank manages its credit risk under risk participation agreements by monitoring the creditworthine ss of the borrower, based on the Bank’s normal credit review process. Mortgage banking derivatives The Bank also enters into certain deri vative agreements as part of their mortgage banking activities. These agreements include interest rate lock commitments on prospective residential mortgage loans and forward commitments to sell these loans to investors on a best efforts delivery basis. Customer foreign exchange forward contract derivatives The Bank enters into foreign exchange forward derivative agreements, primarily forward currency contracts, with commercial ban king customers to facilitate their risk management strategies. The Bank manages its risk exposure from such transactions by entering into offsetting agreements with unrelated financial institutions. Because the foreign exchange forward contract derivatives associated with this program do not meet hedge accounting requirements, changes in the fair value of both the customer derivatives and the offsetting derivatives are recognized directly in earnings. Effect of Derivative Instruments on the Income Statement Derivative income consisting primarily of customer interest rate swap fees, net of fair value adjustments, is reflected in the income statement in other noninterest income, totaling ($0.1) million and ($0.1) million for the three months ended March 31, 2016 and 2015, respectively. The impact to interest income from cash flow hedges was $0.3 million and $0.4 million for the three months ended March 31, 2016 and 2015, respectively. Credit risk-related Contingent Features Certain of the Bank’s derivative instruments contain provisions allowing the financial institution counterparty to terminate the contracts in certain circumstances, such as the downgrade of the Bank’s credit ratings below specified levels, a default by the Bank on its indebtedness, or the failure of the Bank to maintain specified minimum regulatory capital ratios or its regulatory status as a well-capitalized institution. These derivative agreements also contain provisions regarding the posting of collateral by each party. As of March 31, 2016 , the aggregate fair value of derivative instruments with credit risk-related contingent features that were in a net liability position was $31.9 million, for which the Bank had posted collateral of $33.1 million. Offsetting Assets and Liabilities The Bank’s derivative instruments to certain counterparties contain legally enforceable netting provisions that allow for net settlement of multiple transactions to a single amount, which may be positive, negative, or zero. Offsetting information in regards to derivative assets and liabilities subject to these master netting agreements at March 31, 2016 and Decemb er 31, 2015 is presented in the following tables. (in thousands) Gross Amounts Offset in Net Amounts Presented in Gross Amounts Not Offset in the Statement of Financial Position Description Gross Amounts Recognized the Statement of Financial Position the Statement of Financial Position Financial Instruments Cash Collateral Net Amount As of March 31, 2016 Derivative Assets $ 1,987 $ — $ 1,987 $ 1,987 $ — $ — Derivative Liabilities $ 33,890 $ — $ 33,890 $ 1,987 $ 33,071 $ (1,168) (in thousands) Gross Amounts Offset in Net Amounts Presented in Gross Amounts Not Offset in the Statement of Financial Position Description Gross Amounts Recognized the Statement of Financial Position the Statement of Financial Position Financial Instruments Cash Collateral Net Amount As of December 31, 2015 Derivative Assets $ 224 $ — $ 224 $ 224 $ — $ — Derivative Liabilities $ 21,034 $ — $ 21,034 $ 224 $ 23,482 $ (2,672) The Company has excess collateral compared to total exposure due to initial margin requirements for day-to-day rate volatility. |
Stockholders' Equity
Stockholders' Equity | 3 Months Ended |
Mar. 31, 2016 | |
Stockholders' Equity [Abstract] | |
Stockholders' Equity | 7. Stockholders’ Equity Stock Repurchase Program On August 28, 2015, the Company’s board of directors approved a stock repurchase plan that authorizes the repurchase of up to 5% , or approximately 3.9 million shares of its outstanding common stock. The approved plan allows the Company to repurchase its common shares either in the open market in compliance with Rule 10b-18 promulgated under the Securities Exchange Act of 1934, as amended, or in privately negotiated transactions with non-affiliated sellers or as otherwise determined by the Company from time to time until September 30, 2016. Under this plan, the Company has repurchased 741,393 shares of its common stock at an average price of $27. 44 per share through March 31, 2016. There were no shares of common stock repurchased during the first quarter of 2016. Accumulated Other Comprehensive Income (Loss) AOCI is reported as a component of stockholders’ equity. AOCI can include, among other items, unrealized holding gains and losses on securities available for sale (“AFS”), gains and losses associated with pension or other post retirement benefits that are not recognized immediately as a component of net periodic benefit cost, and gains and losses on derivative instruments that are designated as, and qualify as, cash flow hedges. Net unrealized gains/losses on AFS securities reclassified as securities held to maturity (“HTM”) also continue to be reported as a component of AOCI and will be amortized over the estimated remaining life of the securities as an adjustment to interest income. The components of AOCI are reported net of related tax effects. The components of AOCI and changes in those components are presented in the following table. Available HTM Securities Loss on for Sale Transferred Employee Effective Cash (in thousands) Securities from AFS Benefit Plans Flow Hedges Total Balance, December 31, 2014 $ 18,001 $ (19,074) $ (48,626) $ (375) $ (50,074) Other comprehensive income before income taxes: Net change in unrealized gain 4,421 — — 992 5,413 Reclassification of net losses realized and included in earnings (165) — 770 — 605 Amortization of unrealized net loss on securities transferred to HTM — 647 — — 647 Income tax expense 1,481 238 280 361 2,360 Balance, March 31, 2015 $ 20,776 $ (18,665) $ (48,136) $ 256 $ (45,769) Balance, December 31, 2015 $ 4,268 $ (16,795) $ (67,890) $ (178) $ (80,595) Other comprehensive income before income taxes: Net change in unrealized gain 26,882 — — 2,090 28,972 Reclassification of net (gain) losses realized and included in earnings (346) — 1,437 — 1,091 Amortization of unrealized net loss on securities transferred to HTM — 798 — — 798 Income tax expense 9,751 292 525 764 11,332 Balance, March 31, 2016 $ 21,053 $ (16,289) $ (66,978) $ 1,148 $ (61,066) The following table shows the line items in the consolidated income statements affected by amounts reclassified from accumulated other comprehensive income. Three Months Ended Amount reclassified from AOCI (a) March 31, Affected line item on (in thousands) 2016 2015 the income statement Gain on sale of AFS securities $ 346 $ 165 Securities gains (losses) Tax effect (127) (58) Income taxes Net of tax 219 107 Net income Amortization of unrealized net loss on securities transferred to HTM (798) (647) Interest income Tax effect 292 238 Income taxes Net of tax (506) (409) Net income Amortization of defined benefit pension and post-retirement items (1,437) (770) Employee benefits expense (b) Tax effect 525 280 Income taxes Net of tax (912) (490) Net income Total reclassifications, net of tax $ (1,199) $ (792) Net income (a) Amounts in parenthesis indicate reduction in net income. (b) These accumulated other comprehensive income components are included in the computation of net periodic pension and post-retirement cost that is reported with employee benefits expense (see Note 11 for additional details). |
Other Noninterest Income
Other Noninterest Income | 3 Months Ended |
Mar. 31, 2016 | |
Other Noninterest Income [Abstract] | |
Other Noninterest Income | 8. Other Noninterest Income Components of other noninterest income are as follows. Three Months Ended March 31, (in thousands) 2016 2015 Income from bank-owned life insurance $ 2,550 $ 2,666 Credit related fees 2,357 2,457 Loss from derivatives (139) (52) Net gain on sale of assets 2,111 340 Safety deposit box income 478 486 Other miscellaneous 2,335 2,680 Total other noninterest income $ 9,692 $ 8,577 |
Other Noninterest Expense
Other Noninterest Expense | 3 Months Ended |
Mar. 31, 2016 | |
Other Noninterest Expense [Abstract] | |
Other Noninterest Expense | 9. Other Noninterest Expense Components of other noninterest expense are as follows. Three Months Ended March 31, (in thousands) 2016 2015 Advertising $ 2,357 $ 2,165 Ad valorem and franchise taxes 2,303 2,715 Printing and supplies 1,111 1,217 Insurance expense 835 922 Travel expense 949 1,219 Entertainment and contributions 1,632 1,639 Tax credit investment amortization 1,743 2,095 Other miscellaneous 5,779 2,834 Total other noninterest expense $ 16,709 $ 14,806 |
Earnings Per Share
Earnings Per Share | 3 Months Ended |
Mar. 31, 2016 | |
Earnings Per Share [Abstract] | |
Earnings Per Share | 10. Earnings Per Share Hancock calculates earnings per share using the two-class method. The two-class method allocates net income to each class of common stock and participating security according to common dividends declared and participation rights in undistributed earnings. Participating securities consist of unvested stock-based payment awards that contain nonforfeitable rights to dividends or dividend equivalents. A summary of the information used in the computation of earnings per common share follows. Three Months Ended March 31, (in thousands, except per share data) 2016 2015 Numerator: Net income to common shareholders $ 3,839 $ 40,159 Net income allocated to participating securities - basic and diluted 97 935 Net income allocated to common shareholders - basic and diluted $ 3,742 $ 39,224 Denominator: Weighted-average common shares - basic $ 77,501 $ 79,496 Dilutive potential common shares 171 165 Weighted-average common shares - diluted $ 77,672 $ 79,661 Earnings per common share: Basic $ 0.05 $ 0.49 Diluted $ 0.05 $ 0.49 Potential common shares consist of employee and director stock options. These potential common shares do not enter into the calculation of diluted earnings per share if the impact would be anti-dilutive, i.e., increase earnings per share or reduce a loss per share. Weighted-average anti-dilutive potential common shares totaled 656,623 and 862,402 , respectively, for the three months ended March 31, 2016 and March 31, 2015. |
Retirement Plans
Retirement Plans | 3 Months Ended |
Mar. 31, 2016 | |
Retirement Plans [Abstract] | |
Retirement Plans | 11. Retirement Plans The Company has a qualified defined benefit pension plan covering all eligible employees. Eligibility is based on minimum age-related and service-related requirements as well as job classification. Accrued benefits under a nonqualified plan covering certain legacy Whitney employees were frozen as of December 31, 2012 and no future benefits will be accrued under this plan. The Company also sponsors defined benefit postretirement plans for both legacy Hancock and legacy Whitney employees that provide health care and life insurance benefits. Benefits under the Hancock plan are not available to employees hired on or after January 1, 2000. Benefits under the Whitney plan are restricted to retirees who were already receiving benefits at the time of plan amendments in 2007 or active participants who were eligible to receive benefits as of December 31, 2007. The following tables show the components of net periodic benefits cost included in expense for the plans for the periods indicated. Other Post- (in thousands) Pension Benefits retirement Benefits Three Months Ended March 31, 2016 2015 2016 2015 Service cost $ 3,265 $ 3,363 $ 29 $ 50 Interest cost 4,988 4,619 206 369 Expected return on plan assets (8,891) (8,213) — — Amortization of net loss 1,468 644 (31) 125 Net periodic benefit cost $ 830 $ 413 $ 204 $ 544 N o contribution is required in 201 6 to meet minimum funding requirements, and the Company has no plans to make a contribution in the current year . The Company also provides a defined contribution 401(k) retirement benefit plan. Under the plan, the Company matches 100% of the first 1% of compensation saved by a participant, and 50% of the next 5% of compensation saved. |
Share-Based Payment Arrangement
Share-Based Payment Arrangements | 3 Months Ended |
Mar. 31, 2016 | |
Share-Based Payment Arrangements [Abstract] | |
Share-Based Payment Arrangements | 12. Share-Based Payment Arrangements Hancock maintains incentive compensation plans that provide for awards of share-based compensation to employees and directors. These plans have been approved by the Company’s shareholders. Detailed descriptions of these plans were included in Note 16 to the consolidated financial statements in the Company’s Annual Report on Form 10-K for the year ended December 31, 2015 . A summary of option activity for the three months ended March 31 , 201 6 is presented below. Weighted Average Weighted Remaining Average Contractual Aggregate Number of Exercise Term Intrinsic Options Shares Price (Years) Value ($000) Outstanding at January 1, 2016 745,806 $ 37.55 Cancelled/forfeited (49,610) 34.61 Expired (137,139) 42.20 Outstanding at March 31, 2016 559,057 $ 36.67 4.19 $ — Exercisable at March 31, 2016 493,714 $ 37.57 3.95 $ — The re was no total intrinsic value of options exercised at March 31, 2016 compared to $0.5 million at March 31, 2015 . The restricted and performance shares in the table below are subject to service requirements. A summary of the status of the Company’s nonvested restricted and performance shares as of March 31, 2016 and changes during the three months ended March 31, 2016 , is presented in the following table. Weighted Average Number of Grant Date Shares Fair Value Nonvested at January 1, 2016 2,196,145 $ 30.97 Granted 71,924 23.50 Vested (24,402) 32.00 Forfeited (98,606) 31.46 Nonvested at March 31, 2016 2,145,061 $ 30.66 As of March 31, 2016 , there were $42.3 million of total unrecognized compensation expense related to nonvested restricted and performance shares expected to vest. This compensation is expected to be recognized in expense over a weighted average period of 3.4 years. The total fair value of shares which vested during the three months ended March 31, 2016 and 2015 was $0.9 million for both periods. During the three months ended March 31, 2016 , the Company granted 35,587 performance shares subject to a total shareholder return (TSR) performance metric with a grant date fair value of $24.42 per share and 35,587 performance shares subject to a core earnings per share performance metric with a grant date fair value of $22.58 per share to key members of executive management. The number of performance shares subject to TSR that ultimately vest at the end of the three -year performance period, if any, will be based on the relative rank of the Company’s three -year TSR among the TSRs of a peer group of 44 regional banks. The fair value of the performance shares subject to TSR at the grant date was determined using a Monte Carlo simulation method. The number of performance shares subject to core earnings per share that ultimately vest will be based on the Company’s attainment of certain core earnings per share goals over the two -year performance period. The maximum number of performance shares that could vest is 200% of the target award. Compensation expense for these performance shares is recognized on a straight-line basis over the three -year service period. |
Fair Value
Fair Value | 3 Months Ended |
Mar. 31, 2016 | |
Fair Value [Abstract] | |
Fair Value | 13. Fair Value The Financial Accounting Standards Board (“FASB”) defines fair value as the exchange price that would be received to sell an asset or paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The FASB’s guidance also established a fair value hierarchy that prioritizes the inputs to these valuation techniques used to measure fair value, giving preference to quoted prices in active markets for identical assets or liabilities (“level 1”) and the lowest priority to unobservable inputs such as a reporting entity’s own data (“level 3”). Level 2 inputs include quoted prices for similar assets or liabilities in active markets, quoted prices for identical assets or liabilities in markets that are not active, observable inputs other than quoted prices, such as interest rates and yield curves, and inputs that are derived principally from or corroborated by observable market data by correlation or other means. Fair Value of Assets and Liabilities Measured on a Recurring Basis The following tables present for each of the fair value hierarchy levels the Company’s assets and liabilities that are measured at fair value on a recurring basis in the consolidated balance sheets. March 31, 2016 (in thousands) Level 1 Level 2 Total Assets Available for sale debt securities: U.S. Treasury and government agency securities $ — $ 125 $ 125 Municipal obligations — 87,939 87,939 Corporate debt securities — 3,500 3,500 Mortgage-backed securities — 1,765,974 1,765,974 Collateralized mortgage obligations — 289,166 289,166 Equity securities 2,762 — 2,762 Total available for sale securities 2,762 2,146,704 2,149,466 Derivative assets (1) — 36,479 36,479 Total recurring fair value measurements - assets $ 2,762 $ 2,183,183 $ 2,185,945 Liabilities Derivative liabilities (1) $ — $ 36,336 $ 36,336 Total recurring fair value measurements - liabilities $ — $ 36,336 $ 36,336 (1) For further disaggregation of derivative assets and liabilities, see Note 6 - Derivatives. December 31, 2015 (in thousands) Level 1 Level 2 Total Assets Available for sale debt securities: U.S. Treasury and government agency securities $ — $ 134 $ 134 Municipal obligations — 39,607 39,607 Corporate debt securities — 3,500 3,500 Mortgage-backed securities — 1,758,373 1,758,373 Collateralized mortgage obligations — 289,033 289,033 Equity securities 2,757 — 2,757 Total available for sale securities 2,757 2,090,647 2,093,404 Derivative assets (1) — 23,251 23,251 Total recurring fair value measurements - assets $ 2,757 $ 2,113,898 $ 2,116,655 Liabilities Derivative liabilities (1) $ — $ 23,968 $ 23,968 Total recurring fair value measurements - liabilities $ — $ 23,968 $ 23,968 (1) For further disaggregation of derivative assets and liabilities, see Note 6 - Derivatives. Securities classified as level 1 within the valuation hierarchy include U.S. Treasury securities and certain other debt and equity securities. Level 2 classified securities include obligations of U.S. Government agencies and U.S. Government-sponsored agencies, residential mortgage-backed securities and collateralized mortgage obligations that are issued or guaranteed by U.S. government agencies, and state and municipal bonds. The level 2 fair value measurements for investment securities are obtained quarterly from a third-party pricing service that uses industry-standard pricing models. Substantially all of the model inputs are observable in the marketplace or can be supported by observable data. The Company invests only in securities of investment grade quality with a targeted duration, for the overall portfolio, generally between two and five . Company policies generally limit investments to agency securities and municipal securities determined to be investment grade according to an internally generated score which generally includes a rating of not less than “Baa” or its equivalent by a nationally recognized statistical rating agency. There were no transfers between valuation hierarchy levels during the periods shown. The fair value of derivative financial instruments, which are predominantly customer interest rate swaps, is obtained from a third-party pricing service that uses an industry-standard discounted cash flow model that relies on inputs, LIBOR swap curves and Overnight Index swap rate curves, observable in the marketplace. To comply with the accounting guidance, credit valuation adjustments are incorporated in the fair values to appropriately reflect nonperformance risk for both the Company and the counterparties. Although the Company has determined that the majority of the inputs used to value the derivative instruments fall within level 2 of the fair value hierarchy, the credit value adjustments utilize level 3 inputs, such as estimates of current credit spreads. The Company has determined that the impact of the credit valuation adjustments is not significant to the overall valuation of these derivatives. As a result, the Company has classified its derivative valuations in their entirety in level 2 of the fair value hierarchy. The Company’s policy is to measure counterparty credit risk quarterly for all derivative instruments, including those subject to master netting arrangements consistent with how market participants would price the net risk exposure at the measurement date. The Company also has certain derivative instruments associated with the Bank’s mortgage-banking activities. These derivative instruments include interest rate lock commitments on prospective residential mortgage loans and forward commitments to sell these loans to investors on a best efforts delivery basis. The fair value of these derivative instruments is measured using observable market prices for similar instruments and is classified as a level 2 measurement. Fair Value of Assets Measured on a Nonrecurring Basis Certain assets and liabilities are measured at fair value on a nonrecurring basis. Collateral-dependent impaired loans are level 2 assets measured at the fair value of the underlying collateral based on independent third-party appraisals that take into consideration market-based information such as recent sales activity for similar assets in the property’s market. Other real estate owned, including both foreclosed property and surplus banking property, are level 3 assets that are adjusted to fair value, less estimated selling costs, upon transfer to other real estate owned. Subsequently, other real estate owned is carried at the lower of carrying value or fair value less estimated selling costs. Fair values are determined by sales agreement or third-party appraisals as discounted for estimated selling costs, information from comparable sales, and marketability of the property. The fair value information presented below is not as of the period-end, rather it was as of the date the fair value adjustment was recorded during the twelve months for each of the dates presented below, and excludes nonrecurring fair value measurements of assets no longer on the balance sheet. The following tables present the Company’s financial assets that are measured at fair value on a nonrecurring basis for each of the fair value hierarchy levels. March 31, 2016 (in thousands) Level 1 Level 2 Level 3 Total Collateral-dependent impaired loans $ — $ 179,627 $ — $ 179,627 Other real estate owned — — 14,508 14,508 Total nonrecurring fair value measurements $ — $ 179,627 $ 14,508 $ 194,135 December 31, 2015 (in thousands) Level 1 Level 2 Level 3 Total Collateral-dependent impaired loans $ — $ 93,602 $ — $ 93,602 Other real estate owned — — 17,206 17,206 Total nonrecurring fair value measurements $ — $ 93,602 $ 17,206 $ 110,808 Accounting guidance from the FASB requires the disclosure of estimated fair value information about certain on- and off-balance sheet financial instruments, including those financial instruments that are not measured and reported at fair value on a recurring basis. The significant methods and assumptions used by the Company to estimate the fair value of financial i nstruments are discussed below. Cash, Short ‑Term Investments and Federal Funds Sold - For these short ‑term instruments, the carrying amount is a reasonable estimate of fair value. Securities – The fair value measurement for securities available for sale was discussed earlier in the note. The same measurement techniques were applied to the valuation of securities held to maturity. Loans, Net - The fair value measurement for certain impaired loans was discussed earlier in the note. For the remaining portfolio, fair values were generally determined by discounting scheduled cash flows using discount rates determined with reference to current market rates at which loans with similar terms would be made to borrowers of similar credit quality. Loans Held for Sale – These loans are recorded at fair value and carried at the lower of cost or market. The carrying amount is considered a reasonable estimate of fair value. Deposits - The accounting guidance requires that the fair value of deposits with no stated maturity, such as noninterest-bearing demand deposits, interest-bearing checking and savings accounts, be assigned fair values equal to amounts payable upon demand (“carrying amounts”). The fair value of fixed-maturity certificates of deposit is estimated using the rates currently offered for deposits of similar remaining maturities. Securities Sold under Agreements to Repurchase, Federal Funds Purchased, and Federal Home Loan Bank (“FHLB”) Borrowings - For these short-term liabilities, the carrying amount is a reasonable estimate of fair value. Long-Term Debt - The fair value is estimated by discounting the future contractual cash flows using current market rates at which debt with similar terms could be obtained. Derivative Financial Instruments – The fair value measurement for derivative financial instruments was discussed earlier in the note. The following tables present the estimated fair values of the Company’s financial instruments by fair value hierarchy levels and the corresponding carrying amount at March 31, 2016 and December 31, 2015 . March 31, 2016 Total Fair Carrying (in thousands) Level 1 Level 2 Level 3 Value Amount Financial assets: Cash, interest-bearing bank deposits, and federal funds sold $ 442,650 $ — $ — $ 442,650 $ 442,650 Available for sale securities 2,762 2,146,704 — 2,149,466 2,149,466 Held to maturity securities — 2,566,799 — 2,566,799 2,518,371 Loans, net — 179,627 15,761,305 15,940,932 15,760,330 Loans held for sale — 24,001 — 24,001 24,001 Derivative financial instruments — 36,479 — 36,479 36,479 Financial liabilities: Deposits $ — $ — $ 18,651,845 $ 18,651,845 $ 18,656,150 Federal funds purchased 6,825 — — 6,825 6,825 Securities sold under agreements to repurchase 418,962 — — 418,962 418,962 FHLB borrowings 675,000 — — 675,000 675,000 Long-term debt — 476,530 — 476,530 471,245 Derivative financial instruments — 36,336 — 36,336 36,336 December 31, 2015 Total Fair Carrying (in thousands) Level 1 Level 2 Level 3 Value Amount Financial assets: Cash, interest-bearing bank deposits, and federal funds sold $ 869,429 $ — $ — $ 869,429 $ 869,429 Available for sale securities 2,757 2,090,647 — 2,093,404 2,093,404 Held to maturity securities — 2,375,851 — 2,375,851 2,370,388 Loans, net — 93,602 15,334,201 15,427,803 15,522,135 Loans held for sale — 20,434 — 20,434 20,434 Derivative financial instruments — 23,251 — 23,251 23,251 Financial liabilities: Deposits $ — $ — $ 18,327,425 $ 18,327,425 $ 18,348,912 Federal funds purchased 10,100 — — 10,100 10,100 Securities sold under agreements to repurchase 513,544 — — 513,544 513,544 FHLB borrowings 900,000 — — 900,000 900,000 Long-term debt — 488,711 — 488,711 490,145 Derivative financial instruments — 23,968 — 23,968 23,968 |
Recent Accounting Pronouncement
Recent Accounting Pronouncements | 3 Months Ended |
Mar. 31, 2016 | |
Recent Accounting Pronouncements [Abstract] | |
Recent Accounting Pronouncements | 14. Recent Accounting Pronouncements New Accounting Standards Adopted in 2016 In February 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2015-02 “Consolidation (Topic 810): Amendments to the Consolidation Analysis” that changed the analysis that a reporting entity must perform to determine whether it should consolidate certain types of legal entities. The amendments in this ASU (1) modify the evaluation of whether limited partnerships and similar legal entities are variable interest entities (VIEs) or voting interest entities; (2) eliminate the presumption that a general partner should consolidate a limited partnership; (3) affect the consolidation analysis of reporting entities that are involved with VIEs, particularly those that have fee arrangements and related party relationships; and (4) provide a scope exception from consolidation guidance for reporting entities with interests in legal entities that are required to comply with or operate in accordance with requirements that are similar to those in Rule 2a-7 of the Investment Company Act of 1940 for registered money market funds. The amendments in this update were effective for public business entities for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2015. The Company performed the consolidation analysis using the new guidelines effective as of January 1, 2016. The adoption of this guidance did not have a material impact on the Company’s financial condition or results of operations. In April 2015, the FASB issued ASU 2015-03, “Interest - Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs to simplify presentation of debt issuance costs by requiring that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The guidance in this ASU does not address presentation or subsequent measurement of debt issuance costs related to line-of-credit arrangements. Therefore, the FASB issued ASU 2015-15, “Interest—Imputation of Interest (Subtopic 835-30) - Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements (Amendments to SEC Paragraphs Pursuant to Staff Announcement at June 18, 2015 EITF Meeting)” to clarify the SEC staff position that they would not object to an entity deferring and presenting debt issuance costs as an asset and subsequently amortizing the deferred debt issuance costs ratably over the term of the line-of-credit arrangement, regardless of whether there are any outstanding borrowings on the line-of-credit arrangement. We adopted ASU 2015-03 and ASU 2015-15 on the first day of 2016 as required by the guidance and applied it retrospectively to the first day of 2012. Our adoption of this guidance did not have a material impact on the Company’s financial condition or results of operations. We retrospectively adjusted the balance sheet, statement of cash flows, long-term debt note and selected financial data. The effect of the change on the financial statement line items of Other Assets and Long-term Debt was immaterial (See Note 5). In April 2015, the FASB issued ASU 2015-05, Subtopic 350-40 “Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement” that provides guidance to customers about how to account for a cloud computing arrangement depending on whether or not it includes a software license. If a cloud computing arrangement includes a software license, then the customer should account for the software license element of the arrangement consistent with the acquisition of other software licenses. If a cloud computing arrangement does not include a software license, the customer should account for the arrangement as a service contract. The guidance did not change GAAP for a customer’s accounting for service contracts. For public business entities, the amendments are effective for annual periods, including interim periods within those annual periods, beginning after December 15, 2015. The Company elected to adopt this guidance prospectively to all arrangements entered into or materially modified on or after the first day of 2016, as required by the guidance. The adoption of this guidance did not have a material impact on the Company’s financial condition or results of operations. In May 2015, the FASB issued ASU 2015-07, “Fair Value Measurement (Topic 820): Disclosures for Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent)” that removed the requirement to categorize within the fair value hierarchy all investments for which fair value is measured using the net asset value per share practical expedient and remove the requirement to make certain disclosures for all investments that are eligible to be measured at fair value using the net asset value per share practical expedient. The amendments in this update are effective for public business entities for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. The adoption of this guidance did not have a material impact on the Company’s financial condition or results of operations. In September 2015, the FASB issued ASU 2015-16 “Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments” that eliminates the requirement to restate prior period financial statements for measurement period adjustments. The new guidance requires that the cumulative impact of a measurement period adjustment (including the impact on prior periods) be recognized in the reporting period in which the adjustment is identified. The new standard should be applied prospectively to measurement period adjustments that occur after the effective date. The amendments in this update are effective for public business entities for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. The adoption of this guidance did not have a material impact on the Company’s financial condition or results of operations. Recently Issued but Not Yet Adopted Accounting Standards In April 2016, the FASB issued ASU 2016-10, “Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing” that clarifies the identification of performance obligations and licensing from revenue from contracts with customers. The amendments help determine whether promises to transfer goods or services to a customer are separately identifiable by emphasizing that an entity determines whether the nature of its promise in the contract is to transfer each of the goods or services or whether the promise is to transfer a combined item (or items) to which the promised goods and/or services are inputs. In addition, the amendments clarify how to determine whether an entity’s promise to grant a license provides a customer with either a right to use the entity’s intellectual property or a right to access the entity’s intellectual property. Public entities should apply the amendments for annual reporting periods beginning after December 15, 2017, including interim reporting periods therein. Early application for public entities is permitted only as of annual reporting periods beginning after December 15, 2016, including interim reporting periods within that reporting period. The Company is currently assessing this pronouncement and adoption of this guidance, but it is not expected to have a material impact on the Company’s financial condition or results of operations. In March 2016, the FASB issued ASU 2016-09, “Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting” to improve the accounting for employee share-based payments. Several aspects of the accounting for share-based payment award transactions are simplified, including income tax consequences; classification of awards as either equity or liabilities; and classification on the statement of cash flows. The amendments are effective for public business entities for annual periods beginning after December 15, 2016, and interim periods within those annual periods. Early adoption is permitted for any interim or annual period. The Company is currently assessing this pronouncement and the impact of adoption. In March 2016, the FASB issued ASU 2016-08, “Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net)” that improves the operability and understandability of the implementation on guidance on principal versus agent considerations. The amendments relate to when another party, along with the entity, is involved in providing a good or service to a customer. It requires an entity to determine whether the nature of its promise is to provide that good or service to the customer (i.e., the entity is a principal) or to arrange for the good or service to be provided to the customer by the other party (i.e., the entity is an agent). Public entities should apply the amendments for annual reporting periods beginning after December 15, 2017. The adoption of this guidance is not expected to have a material impact on the Company’s financial condition or results of operations. In March 2016, the FASB issued ASU 2016-07 “Investments —Equity Method and Joint Ventures (Topic 323)” that simplifies the transition to the equity method of accounting. The amendments affect all entities that have an investment that becomes qualified for the equity method of accounting as a result of an increase in the level of ownership interest or degree of influence. The amendments require that the equity method investor add the cost of acquiring the additional interest in the investee to the current basis of the investor’s previously held interest and adopt the equity method of accounting as of the date the investment becomes qualified for equity method accounting. Therefore, upon qualifying for the equity method of accounting, no retroactive adjustment of the investment is required. The amendments require that an entity that has an available for sale equity security that becomes qualified for the equity method of accounting recognize through earnings the unrealized holding gain or loss in accumulated other comprehensive income at the date the investment becomes qualified for use of the equity method. The amendments are effective for all entities for fiscal years beginning after December 15, 2016. The adoption of this guidance is not expected to have a material impact on the Company’s financial condition or results of operations. In March 2016, the FASB issued ASU 2016-06 “Derivatives and Hedging (Topic 815): Contingent Put and Call Options in Debt Instruments” that requires embedded derivatives to be separated from the host contract and accounted for separately as derivatives if certain criteria are met. The amendments apply to all entities that are issuers of or investors in debt instruments (or hybrid financial instruments that are determined to have a debt host) with embedded call (put) options. The amendments clarify what steps are required when assessing whether the economic characteristics and risks or call (put) options are clearly and closely related to the economic characteristics and risks of their debt hosts, which is one of the criteria for bifurcating an embedded derivative. Consequently, when a call (put) option is contingently exercisable, an entity does not have to assess whether the event that triggers the ability to exercise a call (put) option is related to interest rates or credits risks. Public business entities must apply the new requirements for fiscal years beginning after December 15, 2016 and interim periods within those fiscal years. Early adoption is permitted. The adoption of this guidance is not expected to have a material impact on the Company’s financial condition or results of operations. In March 2016, the FASB issued ASU 2016-05 “Derivatives and Hedging (Topic 815): Effect of Derivative Contract Novations on Existing Hedge Accounting Relationships” that clarifies that a change in the counterparty to a derivative instrument that has been designated as the hedging instrument does not, in and of itself, require dedesignation of that hedging relationship. The amendments apply to all reporting entities for which there is a change in the counterparty to a derivative instrument that has been designated as a hedging instrument. The amendments are effective for public business entities for financial statements issued for fiscal years beginning after December 15, 2016, and interim periods within those fiscal years. The amendments may be applied on either a prospective basis or a modified retrospective basis. The adoption of this guidance is not expected to have a material impact on the Company’s financial condition or results of operations. In March 2016, the FASB issued ASU 2016-04 “Extinguishments of Liabilities (Subtopic 405-20): Recognition of Breakage for Certain Prepaid Stored-Value Products” to provide guidance to entities that offer certain prepaid stored value products, such as prepaid gift cards, prepaid telecommunication cards, and traveler’s checks. The amendments provide a narrow scope exception to the guidance in Subtopic 405-20 to require that breakage for those liabilities be accounted for consistent with the breakage guidance in Topic 606 Revenue from Contracts with Customers. The amendments are effective for public business entities for financial statements issued for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. These amendments can either be applied using a modified retrospective transition method by means of a cumulative-effect adjustment to retained earnings as of the beginning of the fiscal year in which the guidance is effective, or retrospectively to each period presented. The adoption of this guidance is not expected to have a material impact on the Company’s financial condition or results of operations. In February 2016, the FASB issued ASU 2016-02 “Leases (Topic 842)” that provides new lease accounting guidance. Under the guidance, lessees (with the exception of short-term leases) will be required to recognize a lease liability, which is a lessee’s obligation to make lease payments arising from a lease, measured on a discounted basis; and a right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. Lessor accounting is largely unchanged. Lessees will need to recognize almost all leases on their balance sheet as a right-of-use asset and a lease liability. Lessees will no longer be provided with a source of off-balance sheet financing. Public business entities should apply the amendments for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early application is permitted. The Company is currently assessing this pronouncement and adoption of this guidance. In January 2016, the FASB issued an ASU 2016-01 “Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities” that improves the recognition and measurement of financial instruments through targeted changes to existing GAAP. It requires equity investments (except those that are accounted for under the equity method of accounting or result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income. It also requires public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes. The amendments in this update are effective for public business entities for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. The Company is currently assessing this pronouncement and adoption of this guidance is not expected to have a material impact on the Company’s financial condition or results of operations. In May 2014, the FASB issued ASU 2014-09 “Revenue from Contracts with Customers (Topic 606)” regarding revenue from contracts with customers affecting any entity that enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets unless those contracts are within the scope of other standards. The core principle of this standard is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The standard will be effective for the Company for annual reporting periods beginning after December 15, 2017. The Company is currently assessing this pronouncement and adoption of this guidance is not expected to have a material impact on the Company’s financial condition or results of operations. |
Basis of Presentation (Policies
Basis of Presentation (Policies) | 3 Months Ended |
Mar. 31, 2016 | |
Basis of Presentation [Abstract] | |
Basis of Presentation | Basis of Presentation The consolidated financial statements include the accounts of Hancock Holding Company and all other entities in which it has a controlling interest (the “Company”). The financial statements include all adjustments that are, in the opinion of management, necessary to present fairly the Company’s financial condition, results of operations, changes in stockholders’ equity and cash flows for the interim periods presented. Some financial information and disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the U.S. (“GAAP”) have been condensed or omitted in this Form 10-Q pursuant to Securities and Exchange Commission rules and regulations. These financial statements should be read in conjunction with the audited consolidated financial statements and the notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2015. Financial information reported in these financial statements is not necessarily indicative of the Company’s financial condition, results of operations, or cash flows for any other interim or annual period. Certain prior period amounts have been reclassified to conform to the current period presentation. Effective January 1, 2016, the Company retrospectively adopted accounting guidance intended to simplify the presentation of debt issuance costs by requiring that costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability. Historically, debt issuance costs were reported in the “Other Assets” line items in the Consolidated Balance Sheets and Statements of Cash Flows. All historical periods have been restated to reflect the revised presentation and new required disclosures. The adoption of this guidance did not have a material impact on the Company’s financial condition or operating results. |
Use of Estimates | Use of Estimates The accounting principles the Company follows and the methods for applying these principles conform with GAAP and with general practices followed by the banking industry. These accounting principles require management to make estimates and assumptions about future events that affect the amounts reported in the consolidated financial statements and the accompanying notes. Actual results could differ from those estimates. |
Critical Accounting Policies and Estimates | Critical Accounting Policies and Estimates There were no material changes or developments with respect to methodologies that the Company uses when applying what management believes are critical accounting policies and developing critical accounting estimates as disclosed in its Annual Report on Form 10-K for the year ended December 31, 2015. |
Securities (Tables)
Securities (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Gain (Loss) on Investments [Line Items] | |
Amortized Cost and Fair Value of Securities Available for Sale | Securities Available for Sale (in thousands) March 31, 2016 December 31, 2015 Gross Gross Gross Gross Amortized Unrealized Unrealized Fair Amortized Unrealized Unrealized Fair Cost Gains Losses Value Cost Gains Losses Value US Treasury and government agency securities $ 125 $ — $ — $ 125 $ 135 $ — $ 1 $ 134 Municipal obligations 87,190 792 43 87,939 39,410 235 38 39,607 Mortgage-backed securities 1,735,836 30,862 724 1,765,974 1,750,168 19,387 11,182 1,758,373 Collateralized mortgage obligations 287,171 2,414 419 289,166 291,085 140 2,192 289,033 Corporate debt securities 3,500 — — 3,500 3,500 — — 3,500 Equity securities 2,449 340 27 2,762 2,447 358 48 2,757 $ 2,116,271 $ 34,408 $ 1,213 $ 2,149,466 $ 2,086,745 $ 20,120 $ 13,461 $ 2,093,404 |
Amortized Cost and Fair Value of Securities Held to Maturity | Securities Held to Maturity (in thousands) March 31, 2016 December 31, 2015 Gross Gross Gross Gross Amortized Unrealized Unrealized Fair Amortized Unrealized Unrealized Fair Cost Gains Losses Value Cost Gains Losses Value US Treasury and government agency securities $ 50,000 $ 672 $ — $ 50,672 $ 50,000 $ — $ 410 $ 49,590 Municipal obligations 417,911 6,270 430 423,751 185,890 3,475 1,166 188,199 Mortgage-backed securities 983,146 34,214 — 1,017,360 1,014,135 15,585 1,589 1,028,131 Collateralized mortgage obligations 1,067,314 10,630 2,928 1,075,016 1,120,363 2,244 12,676 1,109,931 $ 2,518,371 $ 51,786 $ 3,358 $ 2,566,799 $ 2,370,388 $ 21,304 $ 15,841 $ 2,375,851 |
Amortized Cost and Fair Value of Debt Securities by Contractual Maturity | (in thousands) Amortized Fair Debt Securities Available for Sale Cost Value Due in one year or less $ 6,851 $ 6,881 Due after one year through five years 78,862 79,865 Due after five years through ten years 366,738 377,314 Due after ten years 1,661,371 1,682,644 Total available for sale debt securities $ 2,113,822 $ 2,146,704 Amortized Fair Debt Securities Held to Maturity Cost Value Due in one year or less $ 15,296 $ 15,408 Due after one year through five years 415,949 417,841 Due after five years through ten years 356,084 358,834 Due after ten years 1,731,042 1,774,716 Total held to maturity securities $ 2,518,371 $ 2,566,799 |
Available for Sale [Member] | |
Gain (Loss) on Investments [Line Items] | |
Securities with Unrealized Losses | Available for Sale March 31, 2016 Losses < 12 months Losses 12 months or > Total Gross Gross Gross Fair Unrealized Fair Unrealized Fair Unrealized (in thousands) Value Losses Value Losses Value Losses US Treasury and government agency securities $ — — $ 76 $ — $ 76 $ — Municipal obligations 25,999 43 — — 25,999 43 Mortgage-backed securities 160,058 170 69,703 554 229,761 724 Collateralized mortgage obligations — — 32,215 419 32,215 419 Equity securities — — 1,513 27 1,513 27 $ 186,057 $ 213 $ 103,507 $ 1,000 $ 289,564 $ 1,213 Available for Sale December 31, 2015 Losses < 12 months Losses 12 months or > Total Gross Gross Gross Fair Unrealized Fair Unrealized Fair Unrealized (in thousands) Value Losses Value Losses Value Losses US Treasury and government agency securities $ — $ — $ 82 $ 1 $ 82 $ 1 Municipal obligations 8,296 38 — — 8,296 38 Mortgage-backed securities 831,156 8,257 116,126 2,925 947,282 11,182 Collateralized mortgage obligations 208,397 1,257 33,138 935 241,535 2,192 Equity securities 20 1 1,473 47 1,493 48 $ 1,047,869 $ 9,553 $ 150,819 $ 3,908 $ 1,198,688 $ 13,461 |
Held to Maturity [Member] | |
Gain (Loss) on Investments [Line Items] | |
Securities with Unrealized Losses | Held to maturity March 31, 2016 Losses < 12 months Losses 12 months or > Total Gross Gross Gross Fair Unrealized Fair Unrealized Fair Unrealized (in thousands) Value Losses Value Losses Value Losses Municipal obligations $ 47,173 $ 118 $ 10,792 $ 312 $ 57,965 $ 430 Collateralized mortgage obligations 8,871 15 314,160 2,913 323,031 2,928 $ 56,044 $ 133 $ 324,952 $ 3,225 $ 380,996 $ 3,358 Held to maturity December 31, 2015 Losses < 12 months Losses 12 months or > Total Gross Gross Gross Fair Unrealized Fair Unrealized Fair Unrealized (in thousands) Value Losses Value Losses Value Losses U.S. Treasury and government agency securities $ 45,590 $ 410 $ — $ — $ 45,590 $ 410 Municipal obligations 22,652 301 48,727 865 71,379 1,166 Mortgage-backed securities 349,635 1,589 — — 349,635 1,589 Collateralized mortgage obligations 516,330 2,894 370,756 9,782 887,086 12,676 $ 934,207 $ 5,194 $ 419,483 $ 10,647 $ 1,353,690 $ 15,841 |
Loans and Allowance for Loan 25
Loans and Allowance for Loan Losses (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |
Loans, Net of Unearned Income | March 31, December 31, (in thousands) 2016 2015 Originated loans: Commercial non-real estate $ 7,088,146 $ 6,930,453 Construction and land development 1,086,382 1,139,743 Commercial real estate 3,504,803 3,220,509 Residential mortgages 1,839,889 1,887,256 Consumer 2,048,068 2,080,626 Total originated loans $ 15,567,288 $ 15,258,587 Acquired loans: Commercial non-real estate $ 51,949 $ 59,843 Construction and land development 2,250 5,080 Commercial real estate 156,285 176,460 Residential mortgages 1,116 27 Consumer 20 20 Total acquired loans $ 211,620 $ 241,430 FDIC acquired loans: Commercial non-real estate $ 5,311 $ 5,528 Construction and land development 6,782 7,127 Commercial real estate 15,004 15,582 Residential mortgages 159,962 162,241 Consumer 12,157 12,819 Total FDIC acquired loans $ 199,216 $ 203,297 Total loans: Commercial non-real estate $ 7,145,406 $ 6,995,824 Construction and land development 1,095,414 1,151,950 Commercial real estate 3,676,092 3,412,551 Residential mortgages 2,000,967 2,049,524 Consumer 2,060,245 2,093,465 Total loans $ 15,978,124 $ 15,703,314 |
Activity in Loss Share Receivable | Three Months Ended March 31, March 31, (in thousands) 2016 2015 Balance, January 1 $ 29,868 $ 60,272 Amortization (1,613) (1,197) Charge-offs, write-downs and other recoveries (1,005) (1,475) External expenses qualifying under loss share agreement 465 298 Changes due to changes in cash flow projections (2,189) (421) Net payments to (from) FDIC 302 (7,580) Ending balance $ 25,828 $ 49,897 |
Allowance for Loan Losses by Portfolio Segment | Construction Commercial and land Commercial Residential (in thousands) non-real estate development real estate mortgages Consumer Total Three Months Ended March 31, 2016 Originated loans Allowance for loan losses: Beginning balance $ 108,982 $ 4,985 $ 14,059 $ 7,690 $ 22,310 $ 158,026 Charge-offs (17,667) (110) (898) (175) (5,843) (24,693) Recoveries 809 605 185 301 1,494 3,394 Net provision for loan losses 52,096 (1,627) 7,325 235 2,529 60,558 Ending balance $ 144,220 $ 3,853 $ 20,671 $ 8,051 $ 20,490 $ 197,285 Ending balance: Individually evaluated for impairment $ 26,502 $ 185 $ 1,332 $ 125 $ 16 $ 28,160 Collectively evaluated for impairment 117,718 3,668 19,339 7,926 20,474 169,125 Loans: Ending balance: $ 7,088,146 $ 1,086,382 $ 3,504,803 $ 1,839,889 $ 2,048,068 $ 15,567,288 Individually evaluated for impairment 201,029 14,072 12,393 883 58 228,435 Collectively evaluated for impairment 6,887,117 1,072,310 3,492,410 1,839,006 2,048,010 15,338,853 Acquired loans Allowance for loan losses: Beginning balance $ — $ — $ 33 $ — $ — $ 33 Charge-offs — — — — — — Recoveries — — — — — — Net provision for loan losses — — (26) — — (26) Ending balance $ — $ — $ 7 $ — $ — $ 7 Ending balance: Individually evaluated for impairment $ — $ — $ 7 $ — $ — $ 7 Amounts related to acquired-impaired loans — — — — — — Collectively evaluated for impairment — — — — — — Loans: Ending balance: $ 51,949 $ 2,250 $ 156,285 $ 1,116 $ 20 $ 211,620 Individually evaluated for impairment — — 2,306 — — 2,306 Acquired-impaired loans 7,348 2,148 12,045 1,116 20 22,677 Collectively evaluated for impairment 44,601 102 141,934 — — 186,637 Construction Commercial and land Commercial Residential (in thousands) non-real estate development real estate mortgages Consumer Total Three Months Ended March 31, 2016 FDIC acquired loans Allowance for loan losses: Beginning balance $ 446 $ 657 $ 1,807 $ 17,663 $ 2,547 $ 23,120 Charge-offs — (18) (29) — — (47) Recoveries 3 35 36 1 39 114 Net provision for loan losses 7 (151) (303) 1,130 (1,179) (496) Increase (decrease) in FDIC loss share receivable (17) — — (2,153) (19) (2,189) Ending balance $ 439 $ 523 $ 1,511 $ 16,641 $ 1,388 $ 20,502 Ending balance: Individually evaluated for impairment $ — $ — $ — $ — $ — $ — Amounts related to acquired-impaired loans 439 523 1,511 16,641 1,388 20,502 Collectively evaluated for impairment — — — — — — Loans: Ending balance: $ 5,311 $ 6,782 $ 15,004 $ 159,962 $ 12,157 $ 199,216 Individually evaluated for impairment — — — — — — Acquired-impaired loans 5,311 6,782 15,004 159,962 12,157 199,216 Collectively evaluated for impairment — — — — — — Total loans Allowance for loan losses: Beginning balance $ 109,428 $ 5,642 $ 15,899 $ 25,353 $ 24,857 $ 181,179 Charge-offs (17,667) (128) (927) (175) (5,843) (24,740) Recoveries 812 640 221 302 1,533 3,508 Net provision for loan losses 52,103 (1,778) 6,996 1,365 1,350 60,036 Increase (decrease) in FDIC loss share receivable (17) — — (2,153) (19) (2,189) Ending balance $ 144,659 $ 4,376 $ 22,189 $ 24,692 $ 21,878 $ 217,794 Ending balance: Individually evaluated for impairment $ 26,502 $ 185 $ 1,339 $ 125 $ 16 $ 28,167 Amounts related to acquired-impaired loans 439 523 1,511 16,641 1,388 20,502 Collectively evaluated for impairment 117,718 3,668 19,339 7,926 20,474 169,125 Loans: Ending balance: $ 7,145,406 $ 1,095,414 $ 3,676,092 $ 2,000,967 $ 2,060,245 $ 15,978,124 Individually evaluated for impairment 201,029 14,072 14,699 883 58 230,741 Acquired-impaired loans 12,659 8,930 27,049 161,078 12,177 221,893 Collectively evaluated for impairment 6,931,718 1,072,412 3,634,344 1,839,006 2,048,010 15,525,490 Construction Commercial and land Commercial Residential (in thousands) non-real estate development real estate mortgages Consumer Total Three Months ended March 31, 2015 Originated loans Allowance for loan losses: Beginning balance $ 50,258 $ 5,413 $ 16,544 $ 8,051 $ 17,435 $ 97,701 Charge-offs (1,697) (747) (251) (1,209) (3,556) (7,460) Recoveries 981 1,243 (3) 305 1,280 3,806 Net provision for loan losses 6,754 (1,500) (966) 738 1,421 6,447 Ending balance $ 56,296 $ 4,409 $ 15,324 $ 7,885 $ 16,580 $ 100,494 Ending balance: Individually evaluated for impairment $ 529 $ 71 $ 147 $ 88 $ 3 $ 838 Collectively evaluated for impairment 55,767 4,338 15,177 7,797 16,577 99,656 Loans: Ending balance: $ 5,861,887 $ 1,087,449 $ 2,492,351 $ 1,736,033 $ 1,742,810 $ 12,920,530 Individually evaluated for impairment 14,566 4,381 17,210 2,423 120 38,700 Collectively evaluated for impairment 5,847,321 1,083,068 2,475,141 1,733,610 1,742,690 12,881,830 Acquired loans Allowance for loan losses: Beginning balance $ — $ — $ 477 $ — $ — $ 477 Charge-offs — — — — — — Recoveries — — — — — — Net provision for loan losses — — (223) — — (223) Ending balance $ — $ — $ 254 $ — $ — $ 254 Ending balance: Individually evaluated for impairment $ — $ — $ 254 $ — $ — $ 254 Amounts related to acquired-impaired loans — — — — — — Collectively evaluated for impairment — — — — — — Loans: Ending balance: $ 118,260 $ 14,579 $ 629,975 $ 2,485 $ 25 $ 765,324 Individually evaluated for impairment — — 2,579 — — 2,579 Acquired-impaired loans 8,708 12,801 21,226 2,485 25 45,245 Collectively evaluated for impairment 109,552 1,778 606,170 — — 717,500 Construction Commercial and land Commercial Residential (in thousands) non-real estate development real estate mortgages Consumer Total Three Months ended March 31, 2015 FDIC acquired loans Allowance for loan losses: Beginning balance $ 911 $ 1,008 $ 4,061 $ 20,609 $ 3,995 $ 30,584 Charge-offs (127) (276) (2,368) (93) (140) (3,004) Recoveries 14 406 113 — 16 549 Net provision for loan losses (2) (6) 202 (195) (69) (70) Increase (decrease) in FDIC loss share receivable (13) (34) 1,207 (1,171) (410) (421) Ending balance $ 783 $ 1,098 $ 3,215 $ 19,150 $ 3,392 $ 27,638 Ending balance: Individually evaluated for impairment $ — $ — $ — $ — $ — $ — Amounts related to acquired-impaired loans 783 1,098 3,215 19,150 3,392 27,638 Collectively evaluated for impairment — — — — — — Loans: — Ending balance: $ 6,937 $ 11,482 $ 27,777 $ 175,367 $ 16,969 $ 238,532 Individually evaluated for impairment — — — — — — Acquired-impaired loans 6,937 11,482 27,777 175,367 16,969 238,532 Collectively evaluated for impairment — — — — — — Total loans Allowance for loan losses: Beginning balance $ 51,169 $ 6,421 $ 21,082 $ 28,660 $ 21,430 $ 128,762 Charge-offs (1,824) (1,023) (2,619) (1,302) (3,696) (10,464) Recoveries 995 1,649 110 305 1,296 4,355 Net provision for loan losses 6,752 (1,506) (987) 543 1,352 6,154 Increase (decrease) in FDIC loss share receivable (13) (34) 1,207 (1,171) (410) (421) Ending balance $ 57,079 $ 5,507 $ 18,793 $ 27,035 $ 19,972 $ 128,386 Ending balance: Individually evaluated for impairment $ 529 $ 71 $ 401 $ 88 $ 3 $ 1,092 Amounts related to acquired-impaired loans 783 1,098 3,215 19,150 3,392 27,638 Collectively evaluated for impairment 55,767 4,338 15,177 7,797 16,577 99,656 Loans: Ending balance: $ 5,987,084 $ 1,113,510 $ 3,150,103 $ 1,913,885 $ 1,759,804 $ 13,924,386 Individually evaluated for impairment 14,566 4,381 19,789 2,423 120 41,279 Acquired-impaired loans 15,645 24,283 49,003 177,852 16,994 283,777 Collectively evaluated for impairment 5,956,873 1,084,846 3,081,311 1,733,610 1,742,690 13,599,330 |
Composition of Nonaccrual Loans by Portfolio Segment and Class | March 31, December 31, (in thousands) 2016 2015 Originated loans: Commercial non-real estate $ 165,930 $ 88,743 Construction and land development 16,997 17,294 Commercial real estate 19,217 17,824 Residential mortgages 23,713 23,799 Consumer 8,538 9,061 Total originated loans $ 234,395 $ 156,721 Acquired loans: Commercial non-real estate $ — $ — Construction and land development — — Commercial real estate 2,908 2,992 Residential mortgages — — Consumer — — Total acquired loans $ 2,908 $ 2,992 FDIC acquired loans: Commercial non-real estate $ — $ — Construction and land development — — Commercial real estate — — Residential mortgages — — Consumer — — Total FDIC acquired loans $ — $ — Total loans: Commercial non-real estate 165,930 88,743 Construction and land development 16,997 17,294 Commercial real estate 22,125 20,816 Residential mortgages 23,713 23,799 Consumer 8,538 9,061 Total loans $ 237,303 $ 159,713 |
Troubled Debt Restructurings Modified by Portfolio Segment | Three Months Ended ($ in thousands) March 31, 2016 March 31, 2015 Pre-Modification Post-Modification Pre-Modification Post-Modification Outstanding Outstanding Outstanding Outstanding Number of Recorded Recorded Number of Recorded Recorded Troubled Debt Restructurings: Contracts Investment Investment Contracts Investment Investment Originated loans: Commercial non-real estate 11 $ 51,246 $ 51,246 — $ — $ — Construction and land development — — — — — — Commercial real estate — — — — — — Residential mortgages — — — 2 68 68 Consumer — — — 1 20 20 Total originated loans 11 $ 51,246 $ 51,246 3 $ 88 $ 88 Acquired loans: Commercial non-real estate — $ — $ — — $ — $ — Construction and land development — — — — — — Commercial real estate — — — — — — Residential mortgages — — — — — — Consumer — — — — — — Total acquired loans — $ — $ — — $ — $ — FDIC acquired loans: Commercial non-real estate — $ — $ — — $ — $ — Construction and land development — — — — — — Commercial real estate — — — — — — Residential mortgages — — — — — — Consumer — — — — — — Total FDIC acquired loans — $ — $ — — $ — $ — Total loans: Commercial non-real estate 11 $ 51,246 $ 51,246 — $ — $ — Construction and land development — — — — — — Commercial real estate — — — — — — Residential mortgages — — — 2 68 68 Consumer — — — 1 20 20 Total loans 11 $ 51,246 $ 51,246 3 $ 88 $ 88 |
Loans Individually Evaluated for Impairment Disaggregated by Class | March 31, 2016 December 31, 2015 Unpaid Unpaid Recorded Principal Related Recorded Principal Related (in thousands) Investment Balance Allowance Investment Balance Allowance Originated loans: With no related allowance recorded: Commercial non-real estate $ 77,155 $ 85,295 $ — $ 34,788 $ 37,285 $ — Construction and land development 12,413 12,413 — 12,461 12,461 — Commercial real estate 5,939 6,140 — 7,785 8,499 — Residential mortgages — — — — — — Consumer — — — — — — 95,507 103,848 — 55,034 58,245 — With an allowance recorded: Commercial non-real estate 123,874 125,744 26,502 46,834 47,703 19,031 Construction and land development 1,659 2,315 185 1,765 2,323 392 Commercial real estate 6,454 6,521 1,332 6,406 6,413 1,372 Residential mortgages 883 1,394 125 895 1,405 127 Consumer 58 58 16 152 152 33 132,928 136,032 28,160 56,052 57,996 20,955 Total: Commercial non-real estate 201,029 211,039 26,502 81,622 84,988 19,031 Construction and land development 14,072 14,728 185 14,226 14,784 392 Commercial real estate 12,393 12,661 1,332 14,191 14,912 1,372 Residential mortgages 883 1,394 125 895 1,405 127 Consumer 58 58 16 152 152 33 Total originated loans $ 228,435 $ 239,880 $ 28,160 $ 111,086 $ 116,241 $ 20,955 Acquired loans: With an allowance recorded: Commercial non-real estate $ — $ — $ — $ — $ — $ — Construction and land development — — — — — — Commercial real estate 2,306 2,343 7 2,340 2,382 33 Residential mortgages — — — — — — Consumer — — — — — — 2,306 2,343 7 2,340 2,382 33 Total: Commercial non-real estate — — — — — — Construction and land development — — — — — — Commercial real estate 2,306 2,343 7 2,340 2,382 33 Residential mortgages — — — — — — Consumer — — — — — — Total acquired loans $ 2,306 $ 2,343 $ 7 $ 2,340 $ 2,382 $ 33 March 31, 2016 December 31, 2015 Unpaid Unpaid Recorded Principal Related Recorded Principal Related (in thousands) Investment Balance Allowance Investment Balance Allowance Total loans: With no related allowance recorded: Commercial non-real estate $ 77,155 $ 85,295 $ — $ 34,788 $ 37,285 $ — Construction and land development 12,413 12,413 — 12,461 12,461 — Commercial real estate 5,939 6,140 — 7,785 8,499 — Residential mortgages — — — — — — Consumer — — — — — — 95,507 103,848 — 55,034 58,245 — With an allowance recorded: Commercial non-real estate 123,874 125,744 26,502 46,834 47,703 19,031 Construction and land development 1,659 2,315 185 1,765 2,323 392 Commercial real estate 8,760 8,864 1,339 8,746 8,795 1,405 Residential mortgages 883 1,394 125 895 1,405 127 Consumer 58 58 16 152 152 33 135,234 138,375 28,167 58,392 60,378 20,988 Total: Commercial non-real estate 201,029 211,039 26,502 81,622 84,988 19,031 Construction and land development 14,072 14,728 185 14,226 14,784 392 Commercial real estate 14,699 15,004 1,339 16,531 17,294 1,405 Residential mortgages 883 1,394 125 895 1,405 127 Consumer 58 58 16 152 152 33 Total loans $ 230,741 $ 242,223 $ 28,167 $ 113,426 $ 118,623 $ 20,988 Three Months Ended March 31, 2016 March 31, 2015 Average Interest Average Interest Recorded Income Recorded Income (in thousands) Investment Recognized Investment Recognized Originated loans: With no related allowance recorded: Commercial non-real estate $ 55,972 $ — $ 7,196 $ — Construction and land development 12,437 — 1,915 — Commercial real estate 6,862 9 9,563 10 Residential mortgages — — 517 1 Consumer — — 51 — 75,271 9 19,242 11 With an allowance recorded: Commercial non-real estate 85,354 182 2,081 2 Construction and land development 1,712 — 4,401 32 Commercial real estate 6,430 27 5,103 17 Residential mortgages 889 2 2,023 11 Consumer 105 1 13 2 94,490 212 13,621 64 Total: Commercial non-real estate 141,326 182 9,277 2 Construction and land development 14,149 — 6,316 32 Commercial real estate 13,292 36 14,666 27 Residential mortgages 889 2 2,540 12 Consumer 105 1 64 2 Total originated loans $ 169,761 $ 221 $ 32,863 $ 75 Acquired loans: With no related allowance recorded: Commercial non-real estate $ — $ — $ — $ — Construction and land development — — — — Commercial real estate — — — — Residential mortgages — — — — Consumer — — — — — — — — With an allowance recorded: Commercial non-real estate — — — — Construction and land development — — — — Commercial real estate 2,323 — 2,635 — Residential mortgages — — — — Consumer — — — — 2,323 — 2,635 — Total: Commercial non-real estate — — — — Construction and land development — — — — Commercial real estate 2,323 — 2,635 — Residential mortgages — — — — Consumer — — — — Total acquired loans $ 2,323 $ — $ 2,635 $ — Three Months Ended March 31, 2016 March 31, 2015 Average Interest Average Interest Recorded Income Recorded Income (in thousands) Investment Recognized Investment Recognized Total loans: With no related allowance recorded: Commercial non-real estate $ 55,972 $ — $ 7,196 $ — Construction and land development 12,437 — 1,915 — Commercial real estate 6,862 9 9,563 10 Residential mortgages — — 517 1 Consumer — — 51 — 75,271 9 19,242 11 With an allowance recorded: Commercial non-real estate 85,354 182 2,081 2 Construction and land development 1,712 — 4,401 32 Commercial real estate 8,753 27 7,738 17 Residential mortgages 889 2 2,023 11 Consumer 105 1 13 2 96,813 212 16,256 64 Total: Commercial non-real estate 141,326 182 9,277 2 Construction and land development 14,149 — 6,316 32 Commercial real estate 15,615 36 17,301 27 Residential mortgages 889 2 2,540 12 Consumer 105 1 64 2 Total loans $ 172,084 $ 221 $ 35,498 $ 75 |
Age Analysis of Past Due Loans | Recorded Greater than investment 30-59 days 60-89 days 90 days Total Total > 90 days and March 31, 2016 past due past due past due past due Current Loans still accruing (in thousands) Originated loans: Commercial non-real estate $ 35,443 $ 2,843 $ 23,366 $ 61,652 $ 7,026,494 $ 7,088,146 $ 2,503 Construction and land development 6,007 126 18,684 24,817 1,061,565 1,086,382 3,610 Commercial real estate 7,873 1,042 13,789 22,704 3,482,099 3,504,803 1,892 Residential mortgages 18,644 6,615 10,375 35,634 1,804,255 1,839,889 123 Consumer 14,050 3,500 6,171 23,721 2,024,347 2,048,068 1,098 Total $ 82,017 $ 14,126 $ 72,385 $ 168,528 $ 15,398,760 $ 15,567,288 $ 9,226 Acquired loans: Commercial non-real estate $ — $ — $ — $ — $ 51,949 $ 51,949 $ — Construction and land development — — — — 2,250 2,250 — Commercial real estate — — 453 453 155,832 156,285 — Residential mortgages — — — — 1,116 1,116 — Consumer — — — — 20 20 — Total $ — $ — $ 453 $ 453 $ 211,167 $ 211,620 $ — FDIC acquired loans: Commercial non-real estate $ — $ — $ — $ — $ 5,311 $ 5,311 $ — Construction and land development — — — — 6,782 6,782 — Commercial real estate — — — — 15,004 15,004 — Residential mortgages — — — — 159,962 159,962 — Consumer — — — — 12,157 12,157 — Total $ — $ — $ — $ — $ 199,216 $ 199,216 $ — Total loans: Commercial non-real estate $ 35,443 $ 2,843 $ 23,366 $ 61,652 $ 7,083,754 $ 7,145,406 $ 2,503 Construction and land development 6,007 126 18,684 24,817 1,070,597 1,095,414 3,610 Commercial real estate 7,873 1,042 14,242 23,157 3,652,935 3,676,092 1,892 Residential mortgages 18,644 6,615 10,375 35,634 1,965,333 2,000,967 123 Consumer 14,050 3,500 6,171 23,721 2,036,524 2,060,245 1,098 Total $ 82,017 $ 14,126 $ 72,838 $ 168,981 $ 15,809,143 $ 15,978,124 $ 9,226 Recorded Greater than investment 30-59 days 60-89 days 90 days Total Total > 90 days and December 31, 2015 past due past due past due past due Current Loans still accruing (in thousands) Originated loans: Commercial non-real estate $ 17,406 $ 1,468 $ 25,007 $ 43,881 $ 6,886,572 $ 6,930,453 $ 3,060 Construction and land development 19,886 436 4,043 24,365 1,115,378 1,139,743 1,230 Commercial real estate 6,754 1,329 12,503 20,586 3,199,923 3,220,509 1,034 Residential mortgages 18,657 4,360 11,840 34,857 1,852,399 1,887,256 163 Consumer 16,309 4,432 8,645 29,386 2,051,240 2,080,626 2,166 Total $ 79,012 $ 12,025 $ 62,038 $ 153,075 $ 15,105,512 $ 15,258,587 $ 7,653 Acquired loans: Commercial non-real estate $ — $ — $ — $ — $ 59,843 $ 59,843 $ — Construction and land development — — — — 5,080 5,080 — Commercial real estate 15 76 525 616 175,844 176,460 — Residential mortgages — — — — 27 27 — Consumer — — — — 20 20 — Total $ 15 $ 76 $ 525 $ 616 $ 240,814 $ 241,430 $ — FDIC acquired loans: Commercial non-real estate $ — $ — $ — $ — $ 5,528 $ 5,528 $ — Construction and land development — — — — 7,127 7,127 — Commercial real estate — — — — 15,582 15,582 — Residential mortgages — — — — 162,241 162,241 — Consumer — — — — 12,819 12,819 — Total $ — $ — $ — $ — $ 203,297 $ 203,297 $ — Total loans: Commercial non-real estate $ 17,406 $ 1,468 $ 25,007 $ 43,881 $ 6,951,943 $ 6,995,824 $ 3,060 Construction and land development 19,886 436 4,043 24,365 1,127,585 1,151,950 1,230 Commercial real estate 6,769 1,405 13,028 21,202 3,391,349 3,412,551 1,034 Residential mortgages 18,657 4,360 11,840 34,857 2,014,667 2,049,524 163 Consumer 16,309 4,432 8,645 29,386 2,064,079 2,093,465 2,166 Total $ 79,027 $ 12,101 $ 62,563 $ 153,691 $ 15,549,623 $ 15,703,314 $ 7,653 |
Changes in Carrying Amount of Acquired-Impaired Loans and Accretable Yield | March 31, 2016 December 31, 2015 FDIC acquired Acquired FDIC acquired Acquired Carrying Carrying Carrying Carrying Amount Accretable Amount Accretable Amount Accretable Amount Accretable (in thousands) of Loans Yield of Loans Yield of Loans Yield of Loans Yield Balance at beginning of period $ 203,297 $ 91,564 $ 22,541 $ 37,924 $ 252,409 $ 112,788 $ 61,276 $ 74,668 Payments received, net (7,290) (28) (2,145) (2,598) (62,579) (422) (53,268) (21,556) Accretion 3,209 (3,209) 2,281 (2,281) 13,467 (13,467) 14,533 (14,533) Increase (decrease) in expected cash flows based on actual cash flows and changes in cash flow assumptions — 4,207 — 56 — (3,537) — (701) Net transfers to (from) nonaccretable difference to accretable yield — 3,776 — 947 — (3,798) — 46 Balance at end of period $ 199,216 $ 96,310 $ 22,677 $ 34,048 $ 203,297 $ 91,564 $ 22,541 $ 37,924 |
Commercial Non-Real Estate [Member] | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |
Credit Quality Indicators of Various Classes of Loans | March 31, 2016 December 31, 2015 (in thousands) Originated Acquired FDIC acquired Total Originated Acquired FDIC acquired Total Grade: Pass $ 5,895,649 $ 44,847 $ 2,068 $ 5,942,564 $ 6,205,372 $ 53,381 $ 2,110 $ 6,260,863 Pass-Watch 298,176 — 733 298,909 167,720 — 869 168,589 Special Mention 208,731 2 — 208,733 211,230 — — 211,230 Substandard 683,449 7,100 2,510 693,059 346,087 6,462 2,549 355,098 Doubtful 2,141 — — 2,141 44 — — 44 Total $ 7,088,146 $ 51,949 $ 5,311 $ 7,145,406 $ 6,930,453 $ 59,843 $ 5,528 $ 6,995,824 |
Commercial Real Estate [Member] | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |
Credit Quality Indicators of Various Classes of Loans | March 31, 2016 December 31, 2015 (in thousands) Originated Acquired FDIC acquired Total Originated Acquired FDIC acquired Total Grade: Pass $ 3,293,852 $ 136,879 $ 3,114 $ 3,433,845 $ 3,058,342 $ 159,750 $ 3,117 $ 3,221,209 Pass-Watch 60,595 1,684 2,233 64,512 41,830 2,355 2,296 46,481 Special Mention 42,170 4,804 1,143 48,117 40,576 5,112 1,364 47,052 Substandard 108,171 12,918 8,514 129,603 79,745 9,243 8,805 97,793 Doubtful 15 — — 15 16 — — 16 Total $ 3,504,803 $ 156,285 $ 15,004 $ 3,676,092 $ 3,220,509 $ 176,460 $ 15,582 $ 3,412,551 |
Residential Mortgages [Member] | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |
Credit Quality Indicators of Various Classes of Loans | March 31, 2016 December 31, 2015 (in thousands) Originated Acquired FDIC acquired Total Originated Acquired FDIC acquired Total Performing $ 1,816,053 $ 1,116 $ 159,962 $ 1,977,131 $ 1,863,295 $ 27 $ 162,241 $ 2,025,563 Nonperforming 23,836 — — 23,836 23,961 — — 23,961 Total $ 1,839,889 $ 1,116 $ 159,962 $ 2,000,967 $ 1,887,256 $ 27 $ 162,241 $ 2,049,524 |
Consumer [Member] | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |
Credit Quality Indicators of Various Classes of Loans | March 31, 2016 December 31, 2015 (in thousands) Originated Acquired FDIC acquired Total Originated Acquired FDIC acquired Total Performing $ 2,038,432 $ 20 $ 12,157 $ 2,050,609 $ 2,069,399 $ 20 $ 12,819 $ 2,082,238 Nonperforming 9,636 — — 9,636 11,227 — — 11,227 Total $ 2,048,068 $ 20 $ 12,157 $ 2,060,245 $ 2,080,626 $ 20 $ 12,819 $ 2,093,465 |
Construction and Land Development [Member] | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |
Credit Quality Indicators of Various Classes of Loans | March 31, 2016 December 31, 2015 (in thousands) Originated Acquired FDIC acquired Total Originated Acquired FDIC acquired Total Grade: Pass $ 1,036,847 $ 837 $ 1,455 $ 1,039,139 $ 1,092,299 $ 910 $ 2,087 $ 1,095,296 Pass-Watch 22,947 150 1,885 24,982 5,709 223 909 6,841 Special Mention 592 — 21 613 12,017 — 280 12,297 Substandard 25,996 1,263 3,421 30,680 29,718 3,947 3,851 37,516 Total $ 1,086,382 $ 2,250 $ 6,782 $ 1,095,414 $ 1,139,743 $ 5,080 $ 7,127 $ 1,151,950 |
Long-Term Debt (Tables)
Long-Term Debt (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Long-Term Debt [Abstract] | |
Long-Term Debt | Long-term debt consisted of the following: March 31, December 31, (in thousands) 2016 2015 Subordinated notes payable, maturing June 2045 $ 150,000 $ 150,000 Subordinated notes payable, maturing April 2017 98,011 98,011 Term note payable, maturing December 2018 120,525 125,000 Other long-term debt 108,581 122,988 Less unamortized debt issuance costs (5,872) (5,854) Total long-term debt less unamortized debt issuance costs $ 471,245 $ 490,145 Long-term debt with its related unamortized debt issuance cost at March 31, 2016 is presented in the following table: Long-term debt at March 31, 2016, consisted of the following: Unamortized Debt Issuance (in thousands) Principal Costs Subordinated notes payable, maturing June 2045 $ 150,000 $ 5,088 Subordinated notes payable, maturing April 2017 98,011 - Term note payable, maturing December 2018 120,525 784 Other long-term debt 108,581 - Total $ 477,117 5,872 |
Derivatives (Tables)
Derivatives (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Derivatives [Abstract] | |
Fair Values of Derivative Financial Instruments | Fair Values (1) Notional Amounts Assets Liabilities Type of March 31, December 31, March 31, December 31, March 31, December 31, (in thousands) Hedge 2016 2015 2016 2015 2016 2015 Derivatives designated as hedging instruments: Interest rate swaps Cash Flow $ 800,000 $ 500,000 $ 1,808 $ — $ — $ 281 $ 800,000 $ 500,000 $ 1,808 $ — $ — $ 281 Derivatives not designated as hedging instruments: Interest rate swaps (2) N/A $ 826,734 $ 780,871 $ 32,510 $ 20,622 $ 33,838 $ 21,007 Risk participation agreements N/A 89,723 83,430 112 83 217 162 Forward commitments to sell residential mortgage loans N/A 83,935 55,128 51 263 979 336 Interest rate-lock commitments on residential mortgage loans N/A 60,607 38,853 697 243 24 167 Foreign exchange forward contracts N/A 37,015 44,068 1,301 2,040 1,278 2,015 $ 1,098,014 $ 1,002,350 $ 34,671 $ 23,251 $ 36,336 $ 23,687 (1) Derivative assets and liabilities are reported with other assets or other liabilities, respectively, in the consolidated balance sheets. (2) The notional amount represents both the customer accommodation agreements and offsetting agreements with unrelated financial institutions. |
Offsetting Derivative Assets and Liabilities Subject to Master Netting Arrangements | (in thousands) Gross Amounts Offset in Net Amounts Presented in Gross Amounts Not Offset in the Statement of Financial Position Description Gross Amounts Recognized the Statement of Financial Position the Statement of Financial Position Financial Instruments Cash Collateral Net Amount As of March 31, 2016 Derivative Assets $ 1,987 $ — $ 1,987 $ 1,987 $ — $ — Derivative Liabilities $ 33,890 $ — $ 33,890 $ 1,987 $ 33,071 $ (1,168) (in thousands) Gross Amounts Offset in Net Amounts Presented in Gross Amounts Not Offset in the Statement of Financial Position Description Gross Amounts Recognized the Statement of Financial Position the Statement of Financial Position Financial Instruments Cash Collateral Net Amount As of December 31, 2015 Derivative Assets $ 224 $ — $ 224 $ 224 $ — $ — Derivative Liabilities $ 21,034 $ — $ 21,034 $ 224 $ 23,482 $ (2,672) |
Stockholders' Equity (Tables)
Stockholders' Equity (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Stockholders' Equity [Abstract] | |
Components of Accumulated Other Comprehensive Income (Loss) | Available HTM Securities Loss on for Sale Transferred Employee Effective Cash (in thousands) Securities from AFS Benefit Plans Flow Hedges Total Balance, December 31, 2014 $ 18,001 $ (19,074) $ (48,626) $ (375) $ (50,074) Other comprehensive income before income taxes: Net change in unrealized gain 4,421 — — 992 5,413 Reclassification of net losses realized and included in earnings (165) — 770 — 605 Amortization of unrealized net loss on securities transferred to HTM — 647 — — 647 Income tax expense 1,481 238 280 361 2,360 Balance, March 31, 2015 $ 20,776 $ (18,665) $ (48,136) $ 256 $ (45,769) Balance, December 31, 2015 $ 4,268 $ (16,795) $ (67,890) $ (178) $ (80,595) Other comprehensive income before income taxes: Net change in unrealized gain 26,882 — — 2,090 28,972 Reclassification of net (gain) losses realized and included in earnings (346) — 1,437 — 1,091 Amortization of unrealized net loss on securities transferred to HTM — 798 — — 798 Income tax expense 9,751 292 525 764 11,332 Balance, March 31, 2016 $ 21,053 $ (16,289) $ (66,978) $ 1,148 $ (61,066) |
Line Items in Consolidated Income Statements Affected by Amounts Reclassified from Accumulated Other Comprehensive Income | Three Months Ended Amount reclassified from AOCI (a) March 31, Affected line item on (in thousands) 2016 2015 the income statement Gain on sale of AFS securities $ 346 $ 165 Securities gains (losses) Tax effect (127) (58) Income taxes Net of tax 219 107 Net income Amortization of unrealized net loss on securities transferred to HTM (798) (647) Interest income Tax effect 292 238 Income taxes Net of tax (506) (409) Net income Amortization of defined benefit pension and post-retirement items (1,437) (770) Employee benefits expense (b) Tax effect 525 280 Income taxes Net of tax (912) (490) Net income Total reclassifications, net of tax $ (1,199) $ (792) Net income (a) Amounts in parenthesis indicate reduction in net income. (b) These accumulated other comprehensive income components are included in the computation of net periodic pension and post-retirement cost that is reported with employee benefits expense (see Note 11 for additional details). |
Other Noninterest Income (Table
Other Noninterest Income (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Other Noninterest Income [Abstract] | |
Components of Other Noninterest Income | Three Months Ended March 31, (in thousands) 2016 2015 Income from bank-owned life insurance $ 2,550 $ 2,666 Credit related fees 2,357 2,457 Loss from derivatives (139) (52) Net gain on sale of assets 2,111 340 Safety deposit box income 478 486 Other miscellaneous 2,335 2,680 Total other noninterest income $ 9,692 $ 8,577 |
Other Noninterest Expense (Tabl
Other Noninterest Expense (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Other Noninterest Expense [Abstract] | |
Components of Other Noninterest Expense | Three Months Ended March 31, (in thousands) 2016 2015 Advertising $ 2,357 $ 2,165 Ad valorem and franchise taxes 2,303 2,715 Printing and supplies 1,111 1,217 Insurance expense 835 922 Travel expense 949 1,219 Entertainment and contributions 1,632 1,639 Tax credit investment amortization 1,743 2,095 Other miscellaneous 5,779 2,834 Total other noninterest expense $ 16,709 $ 14,806 |
Earnings Per Share (Tables)
Earnings Per Share (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Earnings Per Share [Abstract] | |
Computation of Earnings Per Common Share | Three Months Ended March 31, (in thousands, except per share data) 2016 2015 Numerator: Net income to common shareholders $ 3,839 $ 40,159 Net income allocated to participating securities - basic and diluted 97 935 Net income allocated to common shareholders - basic and diluted $ 3,742 $ 39,224 Denominator: Weighted-average common shares - basic $ 77,501 $ 79,496 Dilutive potential common shares 171 165 Weighted-average common shares - diluted $ 77,672 $ 79,661 Earnings per common share: Basic $ 0.05 $ 0.49 Diluted $ 0.05 $ 0.49 |
Retirement Plans (Tables)
Retirement Plans (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Retirement Plans [Abstract] | |
Components of Net Periodic Benefits Cost | Other Post- (in thousands) Pension Benefits retirement Benefits Three Months Ended March 31, 2016 2015 2016 2015 Service cost $ 3,265 $ 3,363 $ 29 $ 50 Interest cost 4,988 4,619 206 369 Expected return on plan assets (8,891) (8,213) — — Amortization of net loss 1,468 644 (31) 125 Net periodic benefit cost $ 830 $ 413 $ 204 $ 544 |
Share-Based Payment Arrangeme33
Share-Based Payment Arrangements (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Share-Based Payment Arrangements [Abstract] | |
Summary of Option Activity | Weighted Average Weighted Remaining Average Contractual Aggregate Number of Exercise Term Intrinsic Options Shares Price (Years) Value ($000) Outstanding at January 1, 2016 745,806 $ 37.55 Cancelled/forfeited (49,610) 34.61 Expired (137,139) 42.20 Outstanding at March 31, 2016 559,057 $ 36.67 4.19 $ — Exercisable at March 31, 2016 493,714 $ 37.57 3.95 $ — |
Summary of Nonvested Restricted and Performance Shares | Weighted Average Number of Grant Date Shares Fair Value Nonvested at January 1, 2016 2,196,145 $ 30.97 Granted 71,924 23.50 Vested (24,402) 32.00 Forfeited (98,606) 31.46 Nonvested at March 31, 2016 2,145,061 $ 30.66 |
Fair Value (Tables)
Fair Value (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Fair Value [Abstract] | |
Financial Assets and Liabilities Measured at Fair Value on Recurring Basis | March 31, 2016 (in thousands) Level 1 Level 2 Total Assets Available for sale debt securities: U.S. Treasury and government agency securities $ — $ 125 $ 125 Municipal obligations — 87,939 87,939 Corporate debt securities — 3,500 3,500 Mortgage-backed securities — 1,765,974 1,765,974 Collateralized mortgage obligations — 289,166 289,166 Equity securities 2,762 — 2,762 Total available for sale securities 2,762 2,146,704 2,149,466 Derivative assets (1) — 36,479 36,479 Total recurring fair value measurements - assets $ 2,762 $ 2,183,183 $ 2,185,945 Liabilities Derivative liabilities (1) $ — $ 36,336 $ 36,336 Total recurring fair value measurements - liabilities $ — $ 36,336 $ 36,336 (1) For further disaggregation of derivative assets and liabilities, see Note 6 - Derivatives. December 31, 2015 (in thousands) Level 1 Level 2 Total Assets Available for sale debt securities: U.S. Treasury and government agency securities $ — $ 134 $ 134 Municipal obligations — 39,607 39,607 Corporate debt securities — 3,500 3,500 Mortgage-backed securities — 1,758,373 1,758,373 Collateralized mortgage obligations — 289,033 289,033 Equity securities 2,757 — 2,757 Total available for sale securities 2,757 2,090,647 2,093,404 Derivative assets (1) — 23,251 23,251 Total recurring fair value measurements - assets $ 2,757 $ 2,113,898 $ 2,116,655 Liabilities Derivative liabilities (1) $ — $ 23,968 $ 23,968 Total recurring fair value measurements - liabilities $ — $ 23,968 $ 23,968 (1) For further disaggregation of derivative assets and liabilities, see Note 6 - Derivatives. |
Financial Assets Measured at Fair Value on Nonrecurring Basis | March 31, 2016 (in thousands) Level 1 Level 2 Level 3 Total Collateral-dependent impaired loans $ — $ 179,627 $ — $ 179,627 Other real estate owned — — 14,508 14,508 Total nonrecurring fair value measurements $ — $ 179,627 $ 14,508 $ 194,135 December 31, 2015 (in thousands) Level 1 Level 2 Level 3 Total Collateral-dependent impaired loans $ — $ 93,602 $ — $ 93,602 Other real estate owned — — 17,206 17,206 Total nonrecurring fair value measurements $ — $ 93,602 $ 17,206 $ 110,808 |
Estimated Fair Values of Financial Instruments | March 31, 2016 Total Fair Carrying (in thousands) Level 1 Level 2 Level 3 Value Amount Financial assets: Cash, interest-bearing bank deposits, and federal funds sold $ 442,650 $ — $ — $ 442,650 $ 442,650 Available for sale securities 2,762 2,146,704 — 2,149,466 2,149,466 Held to maturity securities — 2,566,799 — 2,566,799 2,518,371 Loans, net — 179,627 15,761,305 15,940,932 15,760,330 Loans held for sale — 24,001 — 24,001 24,001 Derivative financial instruments — 36,479 — 36,479 36,479 Financial liabilities: Deposits $ — $ — $ 18,651,845 $ 18,651,845 $ 18,656,150 Federal funds purchased 6,825 — — 6,825 6,825 Securities sold under agreements to repurchase 418,962 — — 418,962 418,962 FHLB borrowings 675,000 — — 675,000 675,000 Long-term debt — 476,530 — 476,530 471,245 Derivative financial instruments — 36,336 — 36,336 36,336 December 31, 2015 Total Fair Carrying (in thousands) Level 1 Level 2 Level 3 Value Amount Financial assets: Cash, interest-bearing bank deposits, and federal funds sold $ 869,429 $ — $ — $ 869,429 $ 869,429 Available for sale securities 2,757 2,090,647 — 2,093,404 2,093,404 Held to maturity securities — 2,375,851 — 2,375,851 2,370,388 Loans, net — 93,602 15,334,201 15,427,803 15,522,135 Loans held for sale — 20,434 — 20,434 20,434 Derivative financial instruments — 23,251 — 23,251 23,251 Financial liabilities: Deposits $ — $ — $ 18,327,425 $ 18,327,425 $ 18,348,912 Federal funds purchased 10,100 — — 10,100 10,100 Securities sold under agreements to repurchase 513,544 — — 513,544 513,544 FHLB borrowings 900,000 — — 900,000 900,000 Long-term debt — 488,711 — 488,711 490,145 Derivative financial instruments — 23,968 — 23,968 23,968 |
Securities (Narrative) (Details
Securities (Narrative) (Details) - USD ($) $ in Billions | Mar. 31, 2016 | Dec. 31, 2015 |
Securities [Abstract] | ||
Securities classified as trading | $ 0 | $ 0 |
Securities pledged as collateral | $ 3.1 | $ 3.5 |
Securities (Amortized Cost and
Securities (Amortized Cost and Fair Value of Securities Available for Sale) (Details) - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 |
Schedule of Available-for-sale Securities [Line Items] | ||
Securities Available for Sale, Amortized Cost | $ 2,116,271 | $ 2,086,745 |
Securities Available for Sale, Gross Unrealized Gains | 34,408 | 20,120 |
Securities Available for Sale, Gross Unrealized Losses | 1,213 | 13,461 |
Securities Available for Sale, Fair Value | 2,149,466 | 2,093,404 |
US Treasury and Government Agency Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Securities Available for Sale, Amortized Cost | 125 | 135 |
Securities Available for Sale, Gross Unrealized Losses | 1 | |
Securities Available for Sale, Fair Value | 125 | 134 |
Municipal Obligations [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Securities Available for Sale, Amortized Cost | 87,190 | 39,410 |
Securities Available for Sale, Gross Unrealized Gains | 792 | 235 |
Securities Available for Sale, Gross Unrealized Losses | 43 | 38 |
Securities Available for Sale, Fair Value | 87,939 | 39,607 |
Mortgage-Backed Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Securities Available for Sale, Amortized Cost | 1,735,836 | 1,750,168 |
Securities Available for Sale, Gross Unrealized Gains | 30,862 | 19,387 |
Securities Available for Sale, Gross Unrealized Losses | 724 | 11,182 |
Securities Available for Sale, Fair Value | 1,765,974 | 1,758,373 |
Collateralized Mortgage Obligations [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Securities Available for Sale, Amortized Cost | 287,171 | 291,085 |
Securities Available for Sale, Gross Unrealized Gains | 2,414 | 140 |
Securities Available for Sale, Gross Unrealized Losses | 419 | 2,192 |
Securities Available for Sale, Fair Value | 289,166 | 289,033 |
Corporate Debt Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Securities Available for Sale, Amortized Cost | 3,500 | 3,500 |
Securities Available for Sale, Fair Value | 3,500 | 3,500 |
Equity Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Securities Available for Sale, Amortized Cost | 2,449 | 2,447 |
Securities Available for Sale, Gross Unrealized Gains | 340 | 358 |
Securities Available for Sale, Gross Unrealized Losses | 27 | 48 |
Securities Available for Sale, Fair Value | $ 2,762 | $ 2,757 |
Securities (Amortized Cost an37
Securities (Amortized Cost and Fair Value of Securities Held to Maturity) (Details) - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 |
Schedule of Held-to-maturity Securities [Line Items] | ||
Total held to maturity securities, Amortized Cost | $ 2,518,371 | $ 2,370,388 |
Securities Held to Maturity, Gross Unrealized Gains | 51,786 | 21,304 |
Securities Held to Maturity, Gross Unrealized Losses | 3,358 | 15,841 |
Securities Held to Maturity, Fair Value | 2,566,799 | 2,375,851 |
US Treasury and Government Agency Securities [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Total held to maturity securities, Amortized Cost | 50,000 | 50,000 |
Securities Held to Maturity, Gross Unrealized Gains | 672 | |
Securities Held to Maturity, Gross Unrealized Losses | 410 | |
Securities Held to Maturity, Fair Value | 50,672 | 49,590 |
Municipal Obligations [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Total held to maturity securities, Amortized Cost | 417,911 | 185,890 |
Securities Held to Maturity, Gross Unrealized Gains | 6,270 | 3,475 |
Securities Held to Maturity, Gross Unrealized Losses | 430 | 1,166 |
Securities Held to Maturity, Fair Value | 423,751 | 188,199 |
Mortgage-Backed Securities [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Total held to maturity securities, Amortized Cost | 983,146 | 1,014,135 |
Securities Held to Maturity, Gross Unrealized Gains | 34,214 | 15,585 |
Securities Held to Maturity, Gross Unrealized Losses | 1,589 | |
Securities Held to Maturity, Fair Value | 1,017,360 | 1,028,131 |
Collateralized Mortgage Obligations [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Total held to maturity securities, Amortized Cost | 1,067,314 | 1,120,363 |
Securities Held to Maturity, Gross Unrealized Gains | 10,630 | 2,244 |
Securities Held to Maturity, Gross Unrealized Losses | 2,928 | 12,676 |
Securities Held to Maturity, Fair Value | $ 1,075,016 | $ 1,109,931 |
Securities (Amortized Cost an38
Securities (Amortized Cost and Fair Value of Debt Securities by Contractual Maturity) (Details) - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 |
Securities [Abstract] | ||
Debt Securities Available for Sale, Due in one year or less, Amortized Cost | $ 6,851 | |
Debt Securities Available for Sale, Due after one year through five years, Amortized Cost | 78,862 | |
Debt Securities Available for Sale, Due after five years through ten years, Amortized Cost | 366,738 | |
Debt Securities Available for Sale, Due after ten years, Amortized Cost | 1,661,371 | |
Total available for sale debt securities, Amortized Cost | 2,113,822 | |
Debt Securities Available for Sale, Due in one year or less, Fair Value | 6,881 | |
Debt Securities Available for Sale, Due after one year through five years, Fair Value | 79,865 | |
Debt Securities Available for Sale, Due after five years through ten years, Fair Value | 377,314 | |
Debt Securities Available for Sale, Due after ten years, Fair Value | 1,682,644 | |
Total available for sale debt securities, Fair Value | 2,146,704 | |
Debt Securities Held to Maturity, Due in one year or less, Amortized Cost | 15,296 | |
Debt Securities Held to Maturity, Due after one year through five years, Amortized Cost | 415,949 | |
Debt Securities Held to Maturity, Due after five years through ten years, Amortized Cost | 356,084 | |
Debt Securities Held to Maturity, Due after ten years, Amortized Cost | 1,731,042 | |
Total held to maturity securities, Amortized Cost | 2,518,371 | $ 2,370,388 |
Debt Securities Held to Maturity, Due in one year or less, Fair Value | 15,408 | |
Debt Securities Held to Maturity, Due after one year through five years, Fair Value | 417,841 | |
Debt Securities Held to Maturity, Due after five years through ten years, Fair Value | 358,834 | |
Debt Securities Held to Maturity, Due after ten years, Fair Value | 1,774,716 | |
Total held to maturity securities, Fair Value | $ 2,566,799 | $ 2,375,851 |
Securities (Securities Availabl
Securities (Securities Available for Sale with Unrealized Losses) (Details) - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 |
Schedule of Available-for-sale Securities [Line Items] | ||
Available for Sale, Losses less than 12 months, Fair Value | $ 186,057 | $ 1,047,869 |
Available for Sale, Losses less than 12 months, Gross Unrealized Losses | 213 | 9,553 |
Available for Sale, Losses 12 months or longer, Fair Value | 103,507 | 150,819 |
Available for Sale, Losses 12 months or longer, Gross Unrealized Losses | 1,000 | 3,908 |
Available for Sale, Total, Fair Value | 289,564 | 1,198,688 |
Available for Sale, Total, Gross Unrealized Losses | $ 1,213 | 13,461 |
US Treasury and Government Agency Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available for Sale, Losses less than 12 months, Fair Value | ||
Available for Sale, Losses less than 12 months, Gross Unrealized Losses | ||
Available for Sale, Losses 12 months or longer, Fair Value | $ 76 | 82 |
Available for Sale, Losses 12 months or longer, Gross Unrealized Losses | 1 | |
Available for Sale, Total, Fair Value | $ 76 | 82 |
Available for Sale, Total, Gross Unrealized Losses | 1 | |
Municipal Obligations [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available for Sale, Losses less than 12 months, Fair Value | $ 25,999 | 8,296 |
Available for Sale, Losses less than 12 months, Gross Unrealized Losses | 43 | 38 |
Available for Sale, Total, Fair Value | 25,999 | 8,296 |
Available for Sale, Total, Gross Unrealized Losses | 43 | 38 |
Mortgage-Backed Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available for Sale, Losses less than 12 months, Fair Value | 160,058 | 831,156 |
Available for Sale, Losses less than 12 months, Gross Unrealized Losses | 170 | 8,257 |
Available for Sale, Losses 12 months or longer, Fair Value | 69,703 | 116,126 |
Available for Sale, Losses 12 months or longer, Gross Unrealized Losses | 554 | 2,925 |
Available for Sale, Total, Fair Value | 229,761 | 947,282 |
Available for Sale, Total, Gross Unrealized Losses | 724 | 11,182 |
Collateralized Mortgage Obligations [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available for Sale, Losses less than 12 months, Fair Value | 208,397 | |
Available for Sale, Losses less than 12 months, Gross Unrealized Losses | 1,257 | |
Available for Sale, Losses 12 months or longer, Fair Value | 32,215 | 33,138 |
Available for Sale, Losses 12 months or longer, Gross Unrealized Losses | 419 | 935 |
Available for Sale, Total, Fair Value | 32,215 | 241,535 |
Available for Sale, Total, Gross Unrealized Losses | 419 | 2,192 |
Equity Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available for Sale, Losses less than 12 months, Fair Value | 20 | |
Available for Sale, Losses less than 12 months, Gross Unrealized Losses | 1 | |
Available for Sale, Losses 12 months or longer, Fair Value | 1,513 | 1,473 |
Available for Sale, Losses 12 months or longer, Gross Unrealized Losses | 27 | 47 |
Available for Sale, Total, Fair Value | 1,513 | 1,493 |
Available for Sale, Total, Gross Unrealized Losses | $ 27 | $ 48 |
Securities (Securities Held to
Securities (Securities Held to Maturity with Unrealized Losses) (Details) - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 |
Schedule of Held-to-maturity Securities [Line Items] | ||
Held to maturity, Losses less than 12 months, Fair Value | $ 56,044 | $ 934,207 |
Held to maturity, Losses less than 12 months, Gross Unrealized Losses | 133 | 5,194 |
Held to maturity, Losses 12 months or longer, Fair Value | 324,952 | 419,483 |
Held to maturity, Losses 12 months or longer, Gross Unrealized Losses | 3,225 | 10,647 |
Held to maturity, Total, Fair Value | 380,996 | 1,353,690 |
Held to maturity, Total, Gross Unrealized Losses | 3,358 | 15,841 |
US Treasury and Government Agency Securities [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Held to maturity, Losses less than 12 months, Fair Value | 45,590 | |
Held to maturity, Losses less than 12 months, Gross Unrealized Losses | 410 | |
Held to maturity, Total, Fair Value | 45,590 | |
Held to maturity, Total, Gross Unrealized Losses | 410 | |
Municipal Obligations [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Held to maturity, Losses less than 12 months, Fair Value | 47,173 | 22,652 |
Held to maturity, Losses less than 12 months, Gross Unrealized Losses | 118 | 301 |
Held to maturity, Losses 12 months or longer, Fair Value | 10,792 | 48,727 |
Held to maturity, Losses 12 months or longer, Gross Unrealized Losses | 312 | 865 |
Held to maturity, Total, Fair Value | 57,965 | 71,379 |
Held to maturity, Total, Gross Unrealized Losses | 430 | 1,166 |
Mortgage-Backed Securities [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Held to maturity, Losses less than 12 months, Fair Value | 349,635 | |
Held to maturity, Losses less than 12 months, Gross Unrealized Losses | 1,589 | |
Held to maturity, Total, Fair Value | 349,635 | |
Held to maturity, Total, Gross Unrealized Losses | 1,589 | |
Collateralized Mortgage Obligations [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Held to maturity, Losses less than 12 months, Fair Value | 8,871 | 516,330 |
Held to maturity, Losses less than 12 months, Gross Unrealized Losses | 15 | 2,894 |
Held to maturity, Losses 12 months or longer, Fair Value | 314,160 | 370,756 |
Held to maturity, Losses 12 months or longer, Gross Unrealized Losses | 2,913 | 9,782 |
Held to maturity, Total, Fair Value | 323,031 | 887,086 |
Held to maturity, Total, Gross Unrealized Losses | $ 2,928 | $ 12,676 |
Loans and Allowance for Loan 41
Loans and Allowance for Loan Losses (Narrative) (Details) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2016USD ($)contractagreement | Mar. 31, 2015contract | Dec. 31, 2015USD ($) | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Carryover of related allowance for loan losses | $ 0 | ||
Number of loss share agreements | agreement | 2 | ||
Nonaccrual loans | $ 237,303 | $ 159,713 | |
TDRs both accruing and nonaccruing | $ 63,900 | 13,100 | |
Number of TDRs subsequently defaulted | contract | 0 | 0 | |
TDRs and loans impaired with minimum aggregate relationship balances | $ 1,000 | ||
Real estate acquired through foreclosure | $ 23,191 | 26,256 | |
Performing [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Period for which payments of principal and interest are past due | less than 90 days | ||
Troubled Debt Restructurings [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans | $ 18,300 | 8,800 | |
Originated Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans | $ 234,395 | $ 156,721 | |
FDIC Acquired Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans | |||
Commercial Non-Real Estate [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans | $ 165,930 | $ 88,743 | |
Commercial Non-Real Estate [Member] | Originated Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans | $ 165,930 | $ 88,743 | |
Commercial Non-Real Estate [Member] | FDIC Acquired Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans | |||
Commercial Real Estate [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans | $ 22,125 | $ 20,816 | |
Commercial Real Estate [Member] | Originated Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans | $ 19,217 | $ 17,824 | |
Commercial Real Estate [Member] | FDIC Acquired Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans | |||
Consumer [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans | $ 8,538 | $ 9,061 | |
Mortgage loan in process of foreclosure | 6,000 | 7,400 | |
Real estate acquired through foreclosure | 5,900 | 9,300 | |
Consumer [Member] | Originated Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans | $ 8,538 | $ 9,061 | |
Consumer [Member] | FDIC Acquired Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans | |||
Mortgage loan in process of foreclosure | $ 4,000 | $ 4,100 | |
Real estate acquired through foreclosure | $ 1,100 | $ 1,600 |
Loans and Allowance for Loan 42
Loans and Allowance for Loan Losses (Loans, Net of Unearned Income) (Details) - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 | Mar. 31, 2015 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total loans | $ 15,978,124 | $ 15,703,314 | $ 13,924,386 |
Commercial Non-Real Estate [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total loans | 7,145,406 | 6,995,824 | 5,987,084 |
Commercial Real Estate [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total loans | 3,676,092 | 3,412,551 | 3,150,103 |
Residential Mortgages [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total loans | 2,000,967 | 2,049,524 | 1,913,885 |
Consumer [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total loans | 2,060,245 | 2,093,465 | 1,759,804 |
Originated Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total loans | 15,567,288 | 15,258,587 | 12,920,530 |
Originated Loans [Member] | Commercial Non-Real Estate [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total loans | 7,088,146 | 6,930,453 | 5,861,887 |
Originated Loans [Member] | Commercial Real Estate [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total loans | 3,504,803 | 3,220,509 | 2,492,351 |
Originated Loans [Member] | Residential Mortgages [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total loans | 1,839,889 | 1,887,256 | 1,736,033 |
Originated Loans [Member] | Consumer [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total loans | 2,048,068 | 2,080,626 | 1,742,810 |
Acquired Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total loans | 211,620 | 241,430 | 765,324 |
Acquired Loans [Member] | Commercial Non-Real Estate [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total loans | 51,949 | 59,843 | 118,260 |
Acquired Loans [Member] | Commercial Real Estate [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total loans | 156,285 | 176,460 | 629,975 |
Acquired Loans [Member] | Residential Mortgages [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total loans | 1,116 | 27 | 2,485 |
Acquired Loans [Member] | Consumer [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total loans | 20 | 20 | 25 |
FDIC Acquired Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total loans | 199,216 | 203,297 | 238,532 |
FDIC Acquired Loans [Member] | Commercial Non-Real Estate [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total loans | 5,311 | 5,528 | 6,937 |
FDIC Acquired Loans [Member] | Commercial Real Estate [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total loans | 15,004 | 15,582 | 27,777 |
FDIC Acquired Loans [Member] | Residential Mortgages [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total loans | 159,962 | 162,241 | 175,367 |
FDIC Acquired Loans [Member] | Consumer [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total loans | 12,157 | 12,819 | 16,969 |
Construction and Land Development [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total loans | 1,095,414 | 1,151,950 | 1,113,510 |
Construction and Land Development [Member] | Originated Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total loans | 1,086,382 | 1,139,743 | 1,087,449 |
Construction and Land Development [Member] | Acquired Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total loans | 2,250 | 5,080 | 14,579 |
Construction and Land Development [Member] | FDIC Acquired Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total loans | $ 6,782 | $ 7,127 | $ 11,482 |
Loans and Allowance for Loan 43
Loans and Allowance for Loan Losses (Activity in Loss Share Receivable) (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Loans and Allowance for Loan Losses [Abstract] | ||
Beginning balance | $ 29,868 | $ 60,272 |
Amortization | (1,613) | (1,197) |
Charge-offs, write-downs and other recoveries | (1,005) | (1,475) |
External expenses qualifying under loss share agreement | 465 | 298 |
Changes due to changes in cash flow projections | (2,189) | (421) |
Net payments to (from) FDIC | 302 | (7,580) |
Ending balance | $ 25,828 | $ 49,897 |
Loans and Allowance for Loan 44
Loans and Allowance for Loan Losses (Allowance for Loan Losses by Portfolio Segment) (Details) - USD ($) $ in Thousands | 3 Months Ended | |||
Mar. 31, 2016 | Mar. 31, 2015 | Dec. 31, 2015 | Dec. 31, 2014 | |
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Allowance for loan losses: Beginning balance | $ 181,179 | $ 128,762 | ||
Allowance for loan losses: Charge-offs | (24,740) | (10,464) | ||
Allowance for loan losses: Recoveries | 3,508 | 4,355 | ||
Allowance for loan losses: Net provision for loan losses | 60,036 | 6,154 | ||
Allowance for loan losses: Increase (decrease) in FDIC loss share receivable | (2,189) | (421) | ||
Allowance for loan losses: Ending balance | 217,794 | 128,386 | ||
Allowance for loan losses: Individually evaluated for impairment | 28,167 | 1,092 | ||
Allowance for loan losses: Amounts related to acquired-impaired loans | 20,502 | 27,638 | ||
Allowance for loan losses: Collectively evaluated for impairment | 169,125 | 99,656 | ||
Ending balance: Loans | 15,978,124 | 13,924,386 | $ 15,703,314 | |
Loans: Individually evaluated for impairment | 230,741 | 41,279 | ||
Loans: Acquired-impaired loans | 221,893 | 283,777 | ||
Loans: Collectively evaluated for impairment | 15,525,490 | 13,599,330 | ||
Originated Loans [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Allowance for loan losses: Beginning balance | 158,026 | 97,701 | ||
Allowance for loan losses: Charge-offs | (24,693) | (7,460) | ||
Allowance for loan losses: Recoveries | 3,394 | 3,806 | ||
Allowance for loan losses: Net provision for loan losses | 60,558 | 6,447 | ||
Allowance for loan losses: Ending balance | 197,285 | 100,494 | ||
Allowance for loan losses: Individually evaluated for impairment | 28,160 | 838 | ||
Allowance for loan losses: Collectively evaluated for impairment | 169,125 | 99,656 | ||
Ending balance: Loans | 15,567,288 | 12,920,530 | 15,258,587 | |
Loans: Individually evaluated for impairment | 228,435 | 38,700 | ||
Loans: Collectively evaluated for impairment | 15,338,853 | 12,881,830 | ||
Acquired Loans [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Allowance for loan losses: Beginning balance | $ 33 | $ 477 | ||
Allowance for loan losses: Charge-offs | ||||
Allowance for loan losses: Recoveries | ||||
Allowance for loan losses: Net provision for loan losses | $ (26) | $ (223) | ||
Allowance for loan losses: Ending balance | 7 | 254 | ||
Allowance for loan losses: Individually evaluated for impairment | $ 7 | $ 254 | ||
Allowance for loan losses: Amounts related to acquired-impaired loans | ||||
Allowance for loan losses: Collectively evaluated for impairment | ||||
Ending balance: Loans | $ 211,620 | $ 765,324 | 241,430 | |
Loans: Individually evaluated for impairment | 2,306 | 2,579 | ||
Loans: Acquired-impaired loans | 22,677 | 45,245 | 22,541 | $ 61,276 |
Loans: Collectively evaluated for impairment | 186,637 | 717,500 | ||
FDIC Acquired Loans [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Allowance for loan losses: Beginning balance | 23,120 | 30,584 | ||
Allowance for loan losses: Charge-offs | (47) | (3,004) | ||
Allowance for loan losses: Recoveries | 114 | 549 | ||
Allowance for loan losses: Net provision for loan losses | (496) | (70) | ||
Allowance for loan losses: Increase (decrease) in FDIC loss share receivable | (2,189) | (421) | ||
Allowance for loan losses: Ending balance | $ 20,502 | $ 27,638 | ||
Allowance for loan losses: Individually evaluated for impairment | ||||
Allowance for loan losses: Amounts related to acquired-impaired loans | $ 20,502 | $ 27,638 | ||
Allowance for loan losses: Collectively evaluated for impairment | ||||
Ending balance: Loans | $ 199,216 | $ 238,532 | 203,297 | |
Loans: Individually evaluated for impairment | ||||
Loans: Acquired-impaired loans | $ 199,216 | $ 238,532 | 203,297 | $ 252,409 |
Loans: Collectively evaluated for impairment | ||||
Commercial Non-Real Estate [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Allowance for loan losses: Beginning balance | $ 109,428 | $ 51,169 | ||
Allowance for loan losses: Charge-offs | (17,667) | (1,824) | ||
Allowance for loan losses: Recoveries | 812 | 995 | ||
Allowance for loan losses: Net provision for loan losses | 52,103 | 6,752 | ||
Allowance for loan losses: Increase (decrease) in FDIC loss share receivable | (17) | (13) | ||
Allowance for loan losses: Ending balance | 144,659 | 57,079 | ||
Allowance for loan losses: Individually evaluated for impairment | 26,502 | 529 | ||
Allowance for loan losses: Amounts related to acquired-impaired loans | 439 | 783 | ||
Allowance for loan losses: Collectively evaluated for impairment | 117,718 | 55,767 | ||
Ending balance: Loans | 7,145,406 | 5,987,084 | 6,995,824 | |
Loans: Individually evaluated for impairment | 201,029 | 14,566 | ||
Loans: Acquired-impaired loans | 12,659 | 15,645 | ||
Loans: Collectively evaluated for impairment | 6,931,718 | 5,956,873 | ||
Commercial Non-Real Estate [Member] | Originated Loans [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Allowance for loan losses: Beginning balance | 108,982 | 50,258 | ||
Allowance for loan losses: Charge-offs | (17,667) | (1,697) | ||
Allowance for loan losses: Recoveries | 809 | 981 | ||
Allowance for loan losses: Net provision for loan losses | 52,096 | 6,754 | ||
Allowance for loan losses: Ending balance | 144,220 | 56,296 | ||
Allowance for loan losses: Individually evaluated for impairment | 26,502 | 529 | ||
Allowance for loan losses: Collectively evaluated for impairment | 117,718 | 55,767 | ||
Ending balance: Loans | 7,088,146 | 5,861,887 | 6,930,453 | |
Loans: Individually evaluated for impairment | 201,029 | 14,566 | ||
Loans: Collectively evaluated for impairment | $ 6,887,117 | $ 5,847,321 | ||
Commercial Non-Real Estate [Member] | Acquired Loans [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Allowance for loan losses: Beginning balance | ||||
Allowance for loan losses: Charge-offs | ||||
Allowance for loan losses: Recoveries | ||||
Allowance for loan losses: Net provision for loan losses | ||||
Allowance for loan losses: Ending balance | ||||
Allowance for loan losses: Individually evaluated for impairment | ||||
Allowance for loan losses: Amounts related to acquired-impaired loans | ||||
Allowance for loan losses: Collectively evaluated for impairment | ||||
Ending balance: Loans | $ 51,949 | $ 118,260 | 59,843 | |
Loans: Individually evaluated for impairment | ||||
Loans: Acquired-impaired loans | $ 7,348 | $ 8,708 | ||
Loans: Collectively evaluated for impairment | 44,601 | 109,552 | ||
Commercial Non-Real Estate [Member] | FDIC Acquired Loans [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Allowance for loan losses: Beginning balance | $ 446 | 911 | ||
Allowance for loan losses: Charge-offs | (127) | |||
Allowance for loan losses: Recoveries | $ 3 | 14 | ||
Allowance for loan losses: Net provision for loan losses | 7 | (2) | ||
Allowance for loan losses: Increase (decrease) in FDIC loss share receivable | (17) | (13) | ||
Allowance for loan losses: Ending balance | $ 439 | $ 783 | ||
Allowance for loan losses: Individually evaluated for impairment | ||||
Allowance for loan losses: Amounts related to acquired-impaired loans | $ 439 | $ 783 | ||
Allowance for loan losses: Collectively evaluated for impairment | ||||
Ending balance: Loans | $ 5,311 | $ 6,937 | 5,528 | |
Loans: Individually evaluated for impairment | ||||
Loans: Acquired-impaired loans | $ 5,311 | $ 6,937 | ||
Loans: Collectively evaluated for impairment | ||||
Commercial Real Estate [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Allowance for loan losses: Beginning balance | $ 15,899 | $ 21,082 | ||
Allowance for loan losses: Charge-offs | (927) | (2,619) | ||
Allowance for loan losses: Recoveries | 221 | 110 | ||
Allowance for loan losses: Net provision for loan losses | $ 6,996 | (987) | ||
Allowance for loan losses: Increase (decrease) in FDIC loss share receivable | 1,207 | |||
Allowance for loan losses: Ending balance | $ 22,189 | 18,793 | ||
Allowance for loan losses: Individually evaluated for impairment | 1,339 | 401 | ||
Allowance for loan losses: Amounts related to acquired-impaired loans | 1,511 | 3,215 | ||
Allowance for loan losses: Collectively evaluated for impairment | 19,339 | 15,177 | ||
Ending balance: Loans | 3,676,092 | 3,150,103 | 3,412,551 | |
Loans: Individually evaluated for impairment | 14,699 | 19,789 | ||
Loans: Acquired-impaired loans | 27,049 | 49,003 | ||
Loans: Collectively evaluated for impairment | 3,634,344 | 3,081,311 | ||
Commercial Real Estate [Member] | Originated Loans [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Allowance for loan losses: Beginning balance | 14,059 | 16,544 | ||
Allowance for loan losses: Charge-offs | (898) | (251) | ||
Allowance for loan losses: Recoveries | 185 | (3) | ||
Allowance for loan losses: Net provision for loan losses | 7,325 | (966) | ||
Allowance for loan losses: Ending balance | 20,671 | 15,324 | ||
Allowance for loan losses: Individually evaluated for impairment | 1,332 | 147 | ||
Allowance for loan losses: Collectively evaluated for impairment | 19,339 | 15,177 | ||
Ending balance: Loans | 3,504,803 | 2,492,351 | 3,220,509 | |
Loans: Individually evaluated for impairment | 12,393 | 17,210 | ||
Loans: Collectively evaluated for impairment | 3,492,410 | 2,475,141 | ||
Commercial Real Estate [Member] | Acquired Loans [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Allowance for loan losses: Beginning balance | $ 33 | $ 477 | ||
Allowance for loan losses: Charge-offs | ||||
Allowance for loan losses: Recoveries | ||||
Allowance for loan losses: Net provision for loan losses | $ (26) | $ (223) | ||
Allowance for loan losses: Ending balance | 7 | 254 | ||
Allowance for loan losses: Individually evaluated for impairment | $ 7 | $ 254 | ||
Allowance for loan losses: Amounts related to acquired-impaired loans | ||||
Allowance for loan losses: Collectively evaluated for impairment | ||||
Ending balance: Loans | $ 156,285 | $ 629,975 | 176,460 | |
Loans: Individually evaluated for impairment | 2,306 | 2,579 | ||
Loans: Acquired-impaired loans | 12,045 | 21,226 | ||
Loans: Collectively evaluated for impairment | 141,934 | 606,170 | ||
Commercial Real Estate [Member] | FDIC Acquired Loans [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Allowance for loan losses: Beginning balance | 1,807 | 4,061 | ||
Allowance for loan losses: Charge-offs | (29) | (2,368) | ||
Allowance for loan losses: Recoveries | 36 | 113 | ||
Allowance for loan losses: Net provision for loan losses | $ (303) | 202 | ||
Allowance for loan losses: Increase (decrease) in FDIC loss share receivable | 1,207 | |||
Allowance for loan losses: Ending balance | $ 1,511 | $ 3,215 | ||
Allowance for loan losses: Individually evaluated for impairment | ||||
Allowance for loan losses: Amounts related to acquired-impaired loans | $ 1,511 | $ 3,215 | ||
Allowance for loan losses: Collectively evaluated for impairment | ||||
Ending balance: Loans | $ 15,004 | $ 27,777 | 15,582 | |
Loans: Individually evaluated for impairment | ||||
Loans: Acquired-impaired loans | $ 15,004 | $ 27,777 | ||
Loans: Collectively evaluated for impairment | ||||
Residential Mortgages [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Allowance for loan losses: Beginning balance | $ 25,353 | $ 28,660 | ||
Allowance for loan losses: Charge-offs | (175) | (1,302) | ||
Allowance for loan losses: Recoveries | 302 | 305 | ||
Allowance for loan losses: Net provision for loan losses | 1,365 | 543 | ||
Allowance for loan losses: Increase (decrease) in FDIC loss share receivable | (2,153) | (1,171) | ||
Allowance for loan losses: Ending balance | 24,692 | 27,035 | ||
Allowance for loan losses: Individually evaluated for impairment | 125 | 88 | ||
Allowance for loan losses: Amounts related to acquired-impaired loans | 16,641 | 19,150 | ||
Allowance for loan losses: Collectively evaluated for impairment | 7,926 | 7,797 | ||
Ending balance: Loans | 2,000,967 | 1,913,885 | 2,049,524 | |
Loans: Individually evaluated for impairment | 883 | 2,423 | ||
Loans: Acquired-impaired loans | 161,078 | 177,852 | ||
Loans: Collectively evaluated for impairment | 1,839,006 | 1,733,610 | ||
Residential Mortgages [Member] | Originated Loans [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Allowance for loan losses: Beginning balance | 7,690 | 8,051 | ||
Allowance for loan losses: Charge-offs | (175) | (1,209) | ||
Allowance for loan losses: Recoveries | 301 | 305 | ||
Allowance for loan losses: Net provision for loan losses | 235 | 738 | ||
Allowance for loan losses: Ending balance | 8,051 | 7,885 | ||
Allowance for loan losses: Individually evaluated for impairment | 125 | 88 | ||
Allowance for loan losses: Collectively evaluated for impairment | 7,926 | 7,797 | ||
Ending balance: Loans | 1,839,889 | 1,736,033 | 1,887,256 | |
Loans: Individually evaluated for impairment | 883 | 2,423 | ||
Loans: Collectively evaluated for impairment | $ 1,839,006 | $ 1,733,610 | ||
Residential Mortgages [Member] | Acquired Loans [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Allowance for loan losses: Beginning balance | ||||
Allowance for loan losses: Charge-offs | ||||
Allowance for loan losses: Recoveries | ||||
Allowance for loan losses: Net provision for loan losses | ||||
Allowance for loan losses: Ending balance | ||||
Allowance for loan losses: Individually evaluated for impairment | ||||
Allowance for loan losses: Amounts related to acquired-impaired loans | ||||
Allowance for loan losses: Collectively evaluated for impairment | ||||
Ending balance: Loans | $ 1,116 | $ 2,485 | 27 | |
Loans: Individually evaluated for impairment | ||||
Loans: Acquired-impaired loans | $ 1,116 | $ 2,485 | ||
Loans: Collectively evaluated for impairment | ||||
Residential Mortgages [Member] | FDIC Acquired Loans [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Allowance for loan losses: Beginning balance | $ 17,663 | $ 20,609 | ||
Allowance for loan losses: Charge-offs | $ (93) | |||
Allowance for loan losses: Recoveries | $ 1 | |||
Allowance for loan losses: Net provision for loan losses | 1,130 | $ (195) | ||
Allowance for loan losses: Increase (decrease) in FDIC loss share receivable | (2,153) | (1,171) | ||
Allowance for loan losses: Ending balance | $ 16,641 | $ 19,150 | ||
Allowance for loan losses: Individually evaluated for impairment | ||||
Allowance for loan losses: Amounts related to acquired-impaired loans | $ 16,641 | $ 19,150 | ||
Allowance for loan losses: Collectively evaluated for impairment | ||||
Ending balance: Loans | $ 159,962 | $ 175,367 | 162,241 | |
Loans: Individually evaluated for impairment | ||||
Loans: Acquired-impaired loans | $ 159,962 | $ 175,367 | ||
Loans: Collectively evaluated for impairment | ||||
Consumer [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Allowance for loan losses: Beginning balance | $ 24,857 | $ 21,430 | ||
Allowance for loan losses: Charge-offs | (5,843) | (3,696) | ||
Allowance for loan losses: Recoveries | 1,533 | 1,296 | ||
Allowance for loan losses: Net provision for loan losses | 1,350 | 1,352 | ||
Allowance for loan losses: Increase (decrease) in FDIC loss share receivable | (19) | (410) | ||
Allowance for loan losses: Ending balance | 21,878 | 19,972 | ||
Allowance for loan losses: Individually evaluated for impairment | 16 | 3 | ||
Allowance for loan losses: Amounts related to acquired-impaired loans | 1,388 | 3,392 | ||
Allowance for loan losses: Collectively evaluated for impairment | 20,474 | 16,577 | ||
Ending balance: Loans | 2,060,245 | 1,759,804 | 2,093,465 | |
Loans: Individually evaluated for impairment | 58 | 120 | ||
Loans: Acquired-impaired loans | 12,177 | 16,994 | ||
Loans: Collectively evaluated for impairment | 2,048,010 | 1,742,690 | ||
Consumer [Member] | Originated Loans [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Allowance for loan losses: Beginning balance | 22,310 | 17,435 | ||
Allowance for loan losses: Charge-offs | (5,843) | (3,556) | ||
Allowance for loan losses: Recoveries | 1,494 | 1,280 | ||
Allowance for loan losses: Net provision for loan losses | 2,529 | 1,421 | ||
Allowance for loan losses: Ending balance | 20,490 | 16,580 | ||
Allowance for loan losses: Individually evaluated for impairment | 16 | 3 | ||
Allowance for loan losses: Collectively evaluated for impairment | 20,474 | 16,577 | ||
Ending balance: Loans | 2,048,068 | 1,742,810 | 2,080,626 | |
Loans: Individually evaluated for impairment | 58 | 120 | ||
Loans: Collectively evaluated for impairment | $ 2,048,010 | $ 1,742,690 | ||
Consumer [Member] | Acquired Loans [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Allowance for loan losses: Beginning balance | ||||
Allowance for loan losses: Charge-offs | ||||
Allowance for loan losses: Recoveries | ||||
Allowance for loan losses: Net provision for loan losses | ||||
Allowance for loan losses: Ending balance | ||||
Allowance for loan losses: Individually evaluated for impairment | ||||
Allowance for loan losses: Amounts related to acquired-impaired loans | ||||
Allowance for loan losses: Collectively evaluated for impairment | ||||
Ending balance: Loans | $ 20 | $ 25 | 20 | |
Loans: Individually evaluated for impairment | ||||
Loans: Acquired-impaired loans | $ 20 | $ 25 | ||
Loans: Collectively evaluated for impairment | ||||
Consumer [Member] | FDIC Acquired Loans [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Allowance for loan losses: Beginning balance | $ 2,547 | $ 3,995 | ||
Allowance for loan losses: Charge-offs | (140) | |||
Allowance for loan losses: Recoveries | $ 39 | 16 | ||
Allowance for loan losses: Net provision for loan losses | (1,179) | (69) | ||
Allowance for loan losses: Increase (decrease) in FDIC loss share receivable | (19) | (410) | ||
Allowance for loan losses: Ending balance | $ 1,388 | $ 3,392 | ||
Allowance for loan losses: Individually evaluated for impairment | ||||
Allowance for loan losses: Amounts related to acquired-impaired loans | $ 1,388 | $ 3,392 | ||
Allowance for loan losses: Collectively evaluated for impairment | ||||
Ending balance: Loans | $ 12,157 | $ 16,969 | 12,819 | |
Loans: Individually evaluated for impairment | ||||
Loans: Acquired-impaired loans | $ 12,157 | $ 16,969 | ||
Loans: Collectively evaluated for impairment | ||||
Construction and Land Development [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Allowance for loan losses: Beginning balance | $ 5,642 | $ 6,421 | ||
Allowance for loan losses: Charge-offs | (128) | (1,023) | ||
Allowance for loan losses: Recoveries | 640 | 1,649 | ||
Allowance for loan losses: Net provision for loan losses | $ (1,778) | (1,506) | ||
Allowance for loan losses: Increase (decrease) in FDIC loss share receivable | (34) | |||
Allowance for loan losses: Ending balance | $ 4,376 | 5,507 | ||
Allowance for loan losses: Individually evaluated for impairment | 185 | 71 | ||
Allowance for loan losses: Amounts related to acquired-impaired loans | 523 | 1,098 | ||
Allowance for loan losses: Collectively evaluated for impairment | 3,668 | 4,338 | ||
Ending balance: Loans | 1,095,414 | 1,113,510 | 1,151,950 | |
Loans: Individually evaluated for impairment | 14,072 | 4,381 | ||
Loans: Acquired-impaired loans | 8,930 | 24,283 | ||
Loans: Collectively evaluated for impairment | 1,072,412 | 1,084,846 | ||
Construction and Land Development [Member] | Originated Loans [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Allowance for loan losses: Beginning balance | 4,985 | 5,413 | ||
Allowance for loan losses: Charge-offs | (110) | (747) | ||
Allowance for loan losses: Recoveries | 605 | 1,243 | ||
Allowance for loan losses: Net provision for loan losses | (1,627) | (1,500) | ||
Allowance for loan losses: Ending balance | 3,853 | 4,409 | ||
Allowance for loan losses: Individually evaluated for impairment | 185 | 71 | ||
Allowance for loan losses: Collectively evaluated for impairment | 3,668 | 4,338 | ||
Ending balance: Loans | 1,086,382 | 1,087,449 | 1,139,743 | |
Loans: Individually evaluated for impairment | 14,072 | 4,381 | ||
Loans: Collectively evaluated for impairment | $ 1,072,310 | $ 1,083,068 | ||
Construction and Land Development [Member] | Acquired Loans [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Allowance for loan losses: Beginning balance | ||||
Allowance for loan losses: Charge-offs | ||||
Allowance for loan losses: Recoveries | ||||
Allowance for loan losses: Net provision for loan losses | ||||
Allowance for loan losses: Ending balance | ||||
Allowance for loan losses: Individually evaluated for impairment | ||||
Allowance for loan losses: Amounts related to acquired-impaired loans | ||||
Allowance for loan losses: Collectively evaluated for impairment | ||||
Ending balance: Loans | $ 2,250 | $ 14,579 | 5,080 | |
Loans: Individually evaluated for impairment | ||||
Loans: Acquired-impaired loans | $ 2,148 | $ 12,801 | ||
Loans: Collectively evaluated for impairment | 102 | 1,778 | ||
Construction and Land Development [Member] | FDIC Acquired Loans [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Allowance for loan losses: Beginning balance | 657 | 1,008 | ||
Allowance for loan losses: Charge-offs | (18) | (276) | ||
Allowance for loan losses: Recoveries | 35 | 406 | ||
Allowance for loan losses: Net provision for loan losses | $ (151) | (6) | ||
Allowance for loan losses: Increase (decrease) in FDIC loss share receivable | (34) | |||
Allowance for loan losses: Ending balance | $ 523 | $ 1,098 | ||
Allowance for loan losses: Individually evaluated for impairment | ||||
Allowance for loan losses: Amounts related to acquired-impaired loans | $ 523 | $ 1,098 | ||
Allowance for loan losses: Collectively evaluated for impairment | ||||
Ending balance: Loans | $ 6,782 | $ 11,482 | $ 7,127 | |
Loans: Individually evaluated for impairment | ||||
Loans: Acquired-impaired loans | $ 6,782 | $ 11,482 | ||
Loans: Collectively evaluated for impairment |
Loans and Allowance for Loan 45
Loans and Allowance for Loan Losses (Composition of Nonaccrual Loans by Portfolio Segment and Class) (Details) - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total loans | $ 237,303 | $ 159,713 |
Originated Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total loans | 234,395 | 156,721 |
Acquired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total loans | $ 2,908 | $ 2,992 |
FDIC Acquired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total loans | ||
Construction and Land Development [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total loans | $ 16,997 | $ 17,294 |
Construction and Land Development [Member] | Originated Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total loans | $ 16,997 | $ 17,294 |
Construction and Land Development [Member] | Acquired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total loans | ||
Construction and Land Development [Member] | FDIC Acquired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total loans | ||
Commercial Non-Real Estate [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total loans | $ 165,930 | $ 88,743 |
Commercial Non-Real Estate [Member] | Originated Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total loans | $ 165,930 | $ 88,743 |
Commercial Non-Real Estate [Member] | Acquired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total loans | ||
Commercial Non-Real Estate [Member] | FDIC Acquired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total loans | ||
Commercial Real Estate [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total loans | $ 22,125 | $ 20,816 |
Commercial Real Estate [Member] | Originated Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total loans | 19,217 | 17,824 |
Commercial Real Estate [Member] | Acquired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total loans | $ 2,908 | $ 2,992 |
Commercial Real Estate [Member] | FDIC Acquired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total loans | ||
Residential Mortgages [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total loans | $ 23,713 | $ 23,799 |
Residential Mortgages [Member] | Originated Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total loans | $ 23,713 | $ 23,799 |
Residential Mortgages [Member] | Acquired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total loans | ||
Residential Mortgages [Member] | FDIC Acquired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total loans | ||
Consumer [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total loans | $ 8,538 | $ 9,061 |
Consumer [Member] | Originated Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total loans | $ 8,538 | $ 9,061 |
Consumer [Member] | Acquired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total loans | ||
Consumer [Member] | FDIC Acquired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total loans |
Loans and Allowance for Loan 46
Loans and Allowance for Loan Losses (Troubled Debt Restructurings Modified by Portfolio Segment) (Details) $ in Thousands | 3 Months Ended | |
Mar. 31, 2016USD ($)contract | Mar. 31, 2015USD ($)contract | |
Financing Receivable, Modifications [Line Items] | ||
Number of Contracts | contract | 11 | 3 |
Pre-Modification Outstanding Recorded Investment | $ 51,246 | $ 88 |
Post-Modification Outstanding Recorded Investment | $ 51,246 | $ 88 |
Originated Loans [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Contracts | contract | 11 | 3 |
Pre-Modification Outstanding Recorded Investment | $ 51,246 | $ 88 |
Post-Modification Outstanding Recorded Investment | $ 51,246 | $ 88 |
Acquired Loans [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Contracts | contract | ||
Pre-Modification Outstanding Recorded Investment | ||
Post-Modification Outstanding Recorded Investment | ||
FDIC Acquired Loans [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Contracts | contract | ||
Pre-Modification Outstanding Recorded Investment | ||
Post-Modification Outstanding Recorded Investment | ||
Commercial Non-Real Estate [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Contracts | contract | 11 | |
Pre-Modification Outstanding Recorded Investment | $ 51,246 | |
Post-Modification Outstanding Recorded Investment | $ 51,246 | |
Commercial Non-Real Estate [Member] | Originated Loans [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Contracts | contract | 11 | |
Pre-Modification Outstanding Recorded Investment | $ 51,246 | |
Post-Modification Outstanding Recorded Investment | $ 51,246 | |
Commercial Non-Real Estate [Member] | Acquired Loans [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Contracts | contract | ||
Pre-Modification Outstanding Recorded Investment | ||
Post-Modification Outstanding Recorded Investment | ||
Commercial Non-Real Estate [Member] | FDIC Acquired Loans [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Contracts | contract | ||
Pre-Modification Outstanding Recorded Investment | ||
Post-Modification Outstanding Recorded Investment | ||
Commercial Real Estate [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Contracts | contract | ||
Pre-Modification Outstanding Recorded Investment | ||
Post-Modification Outstanding Recorded Investment | ||
Commercial Real Estate [Member] | Originated Loans [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Contracts | contract | ||
Pre-Modification Outstanding Recorded Investment | ||
Post-Modification Outstanding Recorded Investment | ||
Commercial Real Estate [Member] | Acquired Loans [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Contracts | contract | ||
Pre-Modification Outstanding Recorded Investment | ||
Post-Modification Outstanding Recorded Investment | ||
Commercial Real Estate [Member] | FDIC Acquired Loans [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Contracts | contract | ||
Pre-Modification Outstanding Recorded Investment | ||
Post-Modification Outstanding Recorded Investment | ||
Residential Mortgages [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Contracts | contract | 2 | |
Pre-Modification Outstanding Recorded Investment | $ 68 | |
Post-Modification Outstanding Recorded Investment | $ 68 | |
Residential Mortgages [Member] | Originated Loans [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Contracts | contract | 2 | |
Pre-Modification Outstanding Recorded Investment | $ 68 | |
Post-Modification Outstanding Recorded Investment | $ 68 | |
Residential Mortgages [Member] | Acquired Loans [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Contracts | contract | ||
Pre-Modification Outstanding Recorded Investment | ||
Post-Modification Outstanding Recorded Investment | ||
Residential Mortgages [Member] | FDIC Acquired Loans [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Contracts | contract | ||
Pre-Modification Outstanding Recorded Investment | ||
Post-Modification Outstanding Recorded Investment | ||
Consumer [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Contracts | contract | 1 | |
Pre-Modification Outstanding Recorded Investment | $ 20 | |
Post-Modification Outstanding Recorded Investment | $ 20 | |
Consumer [Member] | Originated Loans [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Contracts | contract | 1 | |
Pre-Modification Outstanding Recorded Investment | $ 20 | |
Post-Modification Outstanding Recorded Investment | $ 20 | |
Consumer [Member] | Acquired Loans [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Contracts | contract | ||
Pre-Modification Outstanding Recorded Investment | ||
Post-Modification Outstanding Recorded Investment | ||
Consumer [Member] | FDIC Acquired Loans [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Contracts | contract | ||
Pre-Modification Outstanding Recorded Investment | ||
Post-Modification Outstanding Recorded Investment | ||
Construction and Land Development [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Contracts | contract | ||
Pre-Modification Outstanding Recorded Investment | ||
Post-Modification Outstanding Recorded Investment | ||
Construction and Land Development [Member] | Originated Loans [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Contracts | contract | ||
Pre-Modification Outstanding Recorded Investment | ||
Post-Modification Outstanding Recorded Investment | ||
Construction and Land Development [Member] | Acquired Loans [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Contracts | contract | ||
Pre-Modification Outstanding Recorded Investment | ||
Post-Modification Outstanding Recorded Investment | ||
Construction and Land Development [Member] | FDIC Acquired Loans [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Contracts | contract | ||
Pre-Modification Outstanding Recorded Investment | ||
Post-Modification Outstanding Recorded Investment |
Loans and Allowance for Loan 47
Loans and Allowance for Loan Losses (Loans Individually Evaluated for Impairment Disaggregated by Class) (Details) - USD ($) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2016 | Mar. 31, 2015 | Dec. 31, 2015 | |
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment, With no related allowance recorded | $ 95,507 | $ 55,034 | |
Recorded Investment, With an allowance recorded | 135,234 | 58,392 | |
Recorded Investment, Total | 230,741 | 113,426 | |
Unpaid Principal Balance, With no related allowance recorded | 103,848 | 58,245 | |
Unpaid Principal Balance, With an allowance recorded | 138,375 | 60,378 | |
Unpaid Principal Balance, Total | 242,223 | 118,623 | |
Related Allowance | 28,167 | 20,988 | |
Average Recorded Investment, With no related allowance recorded | 75,271 | $ 19,242 | |
Average Recorded Investment, With an allowance recorded | 96,813 | 16,256 | |
Average Recorded Investment, Total | 172,084 | 35,498 | |
Interest Income Recognized, With no related allowance recorded | 9 | 11 | |
Interest Income Recognized, With an allowance recorded | 212 | 64 | |
Interest Income Recognized, Total | 221 | 75 | |
Originated Loans [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment, With no related allowance recorded | 95,507 | 55,034 | |
Recorded Investment, With an allowance recorded | 132,928 | 56,052 | |
Recorded Investment, Total | 228,435 | 111,086 | |
Unpaid Principal Balance, With no related allowance recorded | 103,848 | 58,245 | |
Unpaid Principal Balance, With an allowance recorded | 136,032 | 57,996 | |
Unpaid Principal Balance, Total | 239,880 | 116,241 | |
Related Allowance | 28,160 | 20,955 | |
Average Recorded Investment, With no related allowance recorded | 75,271 | 19,242 | |
Average Recorded Investment, With an allowance recorded | 94,490 | 13,621 | |
Average Recorded Investment, Total | 169,761 | 32,863 | |
Interest Income Recognized, With no related allowance recorded | 9 | 11 | |
Interest Income Recognized, With an allowance recorded | 212 | 64 | |
Interest Income Recognized, Total | 221 | $ 75 | |
Acquired Loans [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment, With an allowance recorded | 2,306 | 2,340 | |
Recorded Investment, Total | 2,306 | 2,340 | |
Unpaid Principal Balance, With an allowance recorded | 2,343 | 2,382 | |
Unpaid Principal Balance, Total | 2,343 | 2,382 | |
Related Allowance | $ 7 | 33 | |
Average Recorded Investment, With no related allowance recorded | |||
Average Recorded Investment, With an allowance recorded | $ 2,323 | $ 2,635 | |
Average Recorded Investment, Total | $ 2,323 | $ 2,635 | |
Interest Income Recognized, With no related allowance recorded | |||
Interest Income Recognized, With an allowance recorded | |||
Interest Income Recognized, Total | |||
Commercial Non-Real Estate [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment, With no related allowance recorded | $ 77,155 | 34,788 | |
Recorded Investment, With an allowance recorded | 123,874 | 46,834 | |
Recorded Investment, Total | 201,029 | 81,622 | |
Unpaid Principal Balance, With no related allowance recorded | 85,295 | 37,285 | |
Unpaid Principal Balance, With an allowance recorded | 125,744 | 47,703 | |
Unpaid Principal Balance, Total | 211,039 | 84,988 | |
Related Allowance | 26,502 | 19,031 | |
Average Recorded Investment, With no related allowance recorded | 55,972 | $ 7,196 | |
Average Recorded Investment, With an allowance recorded | 85,354 | 2,081 | |
Average Recorded Investment, Total | $ 141,326 | 9,277 | |
Interest Income Recognized, With no related allowance recorded | |||
Interest Income Recognized, With an allowance recorded | $ 182 | 2 | |
Interest Income Recognized, Total | 182 | 2 | |
Commercial Non-Real Estate [Member] | Originated Loans [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment, With no related allowance recorded | 77,155 | 34,788 | |
Recorded Investment, With an allowance recorded | 123,874 | 46,834 | |
Recorded Investment, Total | 201,029 | 81,622 | |
Unpaid Principal Balance, With no related allowance recorded | 85,295 | 37,285 | |
Unpaid Principal Balance, With an allowance recorded | 125,744 | 47,703 | |
Unpaid Principal Balance, Total | 211,039 | 84,988 | |
Related Allowance | 26,502 | $ 19,031 | |
Average Recorded Investment, With no related allowance recorded | 55,972 | 7,196 | |
Average Recorded Investment, With an allowance recorded | 85,354 | 2,081 | |
Average Recorded Investment, Total | $ 141,326 | 9,277 | |
Interest Income Recognized, With no related allowance recorded | |||
Interest Income Recognized, With an allowance recorded | $ 182 | 2 | |
Interest Income Recognized, Total | $ 182 | $ 2 | |
Commercial Non-Real Estate [Member] | Acquired Loans [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment, With an allowance recorded | |||
Recorded Investment, Total | |||
Unpaid Principal Balance, With an allowance recorded | |||
Unpaid Principal Balance, Total | |||
Related Allowance | |||
Average Recorded Investment, With no related allowance recorded | |||
Average Recorded Investment, With an allowance recorded | |||
Average Recorded Investment, Total | |||
Interest Income Recognized, With no related allowance recorded | |||
Interest Income Recognized, With an allowance recorded | |||
Interest Income Recognized, Total | |||
Commercial Real Estate [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment, With no related allowance recorded | $ 5,939 | $ 7,785 | |
Recorded Investment, With an allowance recorded | 8,760 | 8,746 | |
Recorded Investment, Total | 14,699 | 16,531 | |
Unpaid Principal Balance, With no related allowance recorded | 6,140 | 8,499 | |
Unpaid Principal Balance, With an allowance recorded | 8,864 | 8,795 | |
Unpaid Principal Balance, Total | 15,004 | 17,294 | |
Related Allowance | 1,339 | 1,405 | |
Average Recorded Investment, With no related allowance recorded | 6,862 | $ 9,563 | |
Average Recorded Investment, With an allowance recorded | 8,753 | 7,738 | |
Average Recorded Investment, Total | 15,615 | 17,301 | |
Interest Income Recognized, With no related allowance recorded | 9 | 10 | |
Interest Income Recognized, With an allowance recorded | 27 | 17 | |
Interest Income Recognized, Total | 36 | 27 | |
Commercial Real Estate [Member] | Originated Loans [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment, With no related allowance recorded | 5,939 | 7,785 | |
Recorded Investment, With an allowance recorded | 6,454 | 6,406 | |
Recorded Investment, Total | 12,393 | 14,191 | |
Unpaid Principal Balance, With no related allowance recorded | 6,140 | 8,499 | |
Unpaid Principal Balance, With an allowance recorded | 6,521 | 6,413 | |
Unpaid Principal Balance, Total | 12,661 | 14,912 | |
Related Allowance | 1,332 | 1,372 | |
Average Recorded Investment, With no related allowance recorded | 6,862 | 9,563 | |
Average Recorded Investment, With an allowance recorded | 6,430 | 5,103 | |
Average Recorded Investment, Total | 13,292 | 14,666 | |
Interest Income Recognized, With no related allowance recorded | 9 | 10 | |
Interest Income Recognized, With an allowance recorded | 27 | 17 | |
Interest Income Recognized, Total | 36 | $ 27 | |
Commercial Real Estate [Member] | Acquired Loans [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment, With an allowance recorded | 2,306 | 2,340 | |
Recorded Investment, Total | 2,306 | 2,340 | |
Unpaid Principal Balance, With an allowance recorded | 2,343 | 2,382 | |
Unpaid Principal Balance, Total | 2,343 | 2,382 | |
Related Allowance | $ 7 | $ 33 | |
Average Recorded Investment, With no related allowance recorded | |||
Average Recorded Investment, With an allowance recorded | $ 2,323 | $ 2,635 | |
Average Recorded Investment, Total | $ 2,323 | $ 2,635 | |
Interest Income Recognized, With no related allowance recorded | |||
Interest Income Recognized, With an allowance recorded | |||
Interest Income Recognized, Total | |||
Residential Mortgages [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment, With no related allowance recorded | |||
Recorded Investment, With an allowance recorded | $ 883 | $ 895 | |
Recorded Investment, Total | $ 883 | $ 895 | |
Unpaid Principal Balance, With no related allowance recorded | |||
Unpaid Principal Balance, With an allowance recorded | $ 1,394 | $ 1,405 | |
Unpaid Principal Balance, Total | 1,394 | 1,405 | |
Related Allowance | 125 | $ 127 | |
Average Recorded Investment, With no related allowance recorded | $ 517 | ||
Average Recorded Investment, With an allowance recorded | 889 | 2,023 | |
Average Recorded Investment, Total | $ 889 | 2,540 | |
Interest Income Recognized, With no related allowance recorded | 1 | ||
Interest Income Recognized, With an allowance recorded | $ 2 | 11 | |
Interest Income Recognized, Total | $ 2 | 12 | |
Residential Mortgages [Member] | Originated Loans [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment, With no related allowance recorded | |||
Recorded Investment, With an allowance recorded | $ 883 | $ 895 | |
Recorded Investment, Total | $ 883 | $ 895 | |
Unpaid Principal Balance, With no related allowance recorded | |||
Unpaid Principal Balance, With an allowance recorded | $ 1,394 | $ 1,405 | |
Unpaid Principal Balance, Total | 1,394 | 1,405 | |
Related Allowance | 125 | $ 127 | |
Average Recorded Investment, With no related allowance recorded | 517 | ||
Average Recorded Investment, With an allowance recorded | 889 | 2,023 | |
Average Recorded Investment, Total | $ 889 | 2,540 | |
Interest Income Recognized, With no related allowance recorded | 1 | ||
Interest Income Recognized, With an allowance recorded | $ 2 | 11 | |
Interest Income Recognized, Total | $ 2 | $ 12 | |
Residential Mortgages [Member] | Acquired Loans [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment, With an allowance recorded | |||
Recorded Investment, Total | |||
Unpaid Principal Balance, With an allowance recorded | |||
Unpaid Principal Balance, Total | |||
Related Allowance | |||
Average Recorded Investment, With no related allowance recorded | |||
Average Recorded Investment, With an allowance recorded | |||
Average Recorded Investment, Total | |||
Interest Income Recognized, With no related allowance recorded | |||
Interest Income Recognized, With an allowance recorded | |||
Interest Income Recognized, Total | |||
Consumer [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment, With no related allowance recorded | |||
Recorded Investment, With an allowance recorded | $ 58 | $ 152 | |
Recorded Investment, Total | $ 58 | $ 152 | |
Unpaid Principal Balance, With no related allowance recorded | |||
Unpaid Principal Balance, With an allowance recorded | $ 58 | $ 152 | |
Unpaid Principal Balance, Total | 58 | 152 | |
Related Allowance | 16 | $ 33 | |
Average Recorded Investment, With no related allowance recorded | $ 51 | ||
Average Recorded Investment, With an allowance recorded | 105 | 13 | |
Average Recorded Investment, Total | $ 105 | 64 | |
Interest Income Recognized, With no related allowance recorded | |||
Interest Income Recognized, With an allowance recorded | $ 1 | 2 | |
Interest Income Recognized, Total | $ 1 | 2 | |
Consumer [Member] | Originated Loans [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment, With no related allowance recorded | |||
Recorded Investment, With an allowance recorded | $ 58 | $ 152 | |
Recorded Investment, Total | $ 58 | $ 152 | |
Unpaid Principal Balance, With no related allowance recorded | |||
Unpaid Principal Balance, With an allowance recorded | $ 58 | $ 152 | |
Unpaid Principal Balance, Total | 58 | 152 | |
Related Allowance | 16 | $ 33 | |
Average Recorded Investment, With no related allowance recorded | 51 | ||
Average Recorded Investment, With an allowance recorded | 105 | 13 | |
Average Recorded Investment, Total | $ 105 | 64 | |
Interest Income Recognized, With no related allowance recorded | |||
Interest Income Recognized, With an allowance recorded | $ 1 | 2 | |
Interest Income Recognized, Total | $ 1 | $ 2 | |
Consumer [Member] | Acquired Loans [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment, With an allowance recorded | |||
Recorded Investment, Total | |||
Unpaid Principal Balance, With an allowance recorded | |||
Unpaid Principal Balance, Total | |||
Related Allowance | |||
Average Recorded Investment, With no related allowance recorded | |||
Average Recorded Investment, With an allowance recorded | |||
Average Recorded Investment, Total | |||
Interest Income Recognized, With no related allowance recorded | |||
Interest Income Recognized, With an allowance recorded | |||
Interest Income Recognized, Total | |||
Construction and Land Development [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment, With no related allowance recorded | $ 12,413 | $ 12,461 | |
Recorded Investment, With an allowance recorded | 1,659 | 1,765 | |
Recorded Investment, Total | 14,072 | 14,226 | |
Unpaid Principal Balance, With no related allowance recorded | 12,413 | 12,461 | |
Unpaid Principal Balance, With an allowance recorded | 2,315 | 2,323 | |
Unpaid Principal Balance, Total | 14,728 | 14,784 | |
Related Allowance | 185 | 392 | |
Average Recorded Investment, With no related allowance recorded | 12,437 | $ 1,915 | |
Average Recorded Investment, With an allowance recorded | 1,712 | 4,401 | |
Average Recorded Investment, Total | $ 14,149 | 6,316 | |
Interest Income Recognized, With no related allowance recorded | |||
Interest Income Recognized, With an allowance recorded | 32 | ||
Interest Income Recognized, Total | 32 | ||
Construction and Land Development [Member] | Originated Loans [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment, With no related allowance recorded | $ 12,413 | 12,461 | |
Recorded Investment, With an allowance recorded | 1,659 | 1,765 | |
Recorded Investment, Total | 14,072 | 14,226 | |
Unpaid Principal Balance, With no related allowance recorded | 12,413 | 12,461 | |
Unpaid Principal Balance, With an allowance recorded | 2,315 | 2,323 | |
Unpaid Principal Balance, Total | 14,728 | 14,784 | |
Related Allowance | 185 | $ 392 | |
Average Recorded Investment, With no related allowance recorded | 12,437 | 1,915 | |
Average Recorded Investment, With an allowance recorded | 1,712 | 4,401 | |
Average Recorded Investment, Total | $ 14,149 | 6,316 | |
Interest Income Recognized, With no related allowance recorded | |||
Interest Income Recognized, With an allowance recorded | 32 | ||
Interest Income Recognized, Total | $ 32 | ||
Construction and Land Development [Member] | Acquired Loans [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment, With an allowance recorded | |||
Recorded Investment, Total | |||
Unpaid Principal Balance, With an allowance recorded | |||
Unpaid Principal Balance, Total | |||
Related Allowance | |||
Average Recorded Investment, With no related allowance recorded | |||
Average Recorded Investment, With an allowance recorded | |||
Average Recorded Investment, Total | |||
Interest Income Recognized, With no related allowance recorded | |||
Interest Income Recognized, With an allowance recorded | |||
Interest Income Recognized, Total |
Loans and Allowance for Loan 48
Loans and Allowance for Loan Losses (Age Analysis of Past Due Loans) (Details) - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 | Mar. 31, 2015 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total past due | $ 168,981 | $ 153,691 | |
Current | 15,809,143 | 15,549,623 | |
Total loans | 15,978,124 | 15,703,314 | $ 13,924,386 |
Recorded investment > 90 days and still accruing | 9,226 | 7,653 | |
30-59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total past due | 82,017 | 79,027 | |
60-89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total past due | 14,126 | 12,101 | |
Greater Than 90 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total past due | 72,838 | 62,563 | |
Originated Loans [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total past due | 168,528 | 153,075 | |
Current | 15,398,760 | 15,105,512 | |
Total loans | 15,567,288 | 15,258,587 | 12,920,530 |
Recorded investment > 90 days and still accruing | 9,226 | 7,653 | |
Originated Loans [Member] | 30-59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total past due | 82,017 | 79,012 | |
Originated Loans [Member] | 60-89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total past due | 14,126 | 12,025 | |
Originated Loans [Member] | Greater Than 90 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total past due | 72,385 | 62,038 | |
Acquired Loans [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total past due | 453 | 616 | |
Current | 211,167 | 240,814 | |
Total loans | 211,620 | 241,430 | 765,324 |
Acquired Loans [Member] | 30-59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total past due | 15 | ||
Acquired Loans [Member] | 60-89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total past due | 76 | ||
Acquired Loans [Member] | Greater Than 90 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total past due | 453 | 525 | |
FDIC Acquired Loans [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Current | 199,216 | 203,297 | |
Total loans | 199,216 | 203,297 | 238,532 |
Construction and Land Development [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total past due | 24,817 | 24,365 | |
Current | 1,070,597 | 1,127,585 | |
Total loans | 1,095,414 | 1,151,950 | 1,113,510 |
Recorded investment > 90 days and still accruing | 3,610 | 1,230 | |
Construction and Land Development [Member] | 30-59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total past due | 6,007 | 19,886 | |
Construction and Land Development [Member] | 60-89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total past due | 126 | 436 | |
Construction and Land Development [Member] | Greater Than 90 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total past due | 18,684 | 4,043 | |
Construction and Land Development [Member] | Originated Loans [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total past due | 24,817 | 24,365 | |
Current | 1,061,565 | 1,115,378 | |
Total loans | 1,086,382 | 1,139,743 | 1,087,449 |
Recorded investment > 90 days and still accruing | 3,610 | 1,230 | |
Construction and Land Development [Member] | Originated Loans [Member] | 30-59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total past due | 6,007 | 19,886 | |
Construction and Land Development [Member] | Originated Loans [Member] | 60-89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total past due | 126 | 436 | |
Construction and Land Development [Member] | Originated Loans [Member] | Greater Than 90 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total past due | 18,684 | 4,043 | |
Construction and Land Development [Member] | Acquired Loans [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Current | 2,250 | 5,080 | |
Total loans | 2,250 | 5,080 | 14,579 |
Construction and Land Development [Member] | FDIC Acquired Loans [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Current | 6,782 | 7,127 | |
Total loans | 6,782 | 7,127 | 11,482 |
Commercial Non-Real Estate [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total past due | 61,652 | 43,881 | |
Current | 7,083,754 | 6,951,943 | |
Total loans | 7,145,406 | 6,995,824 | 5,987,084 |
Recorded investment > 90 days and still accruing | 2,503 | 3,060 | |
Commercial Non-Real Estate [Member] | 30-59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total past due | 35,443 | 17,406 | |
Commercial Non-Real Estate [Member] | 60-89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total past due | 2,843 | 1,468 | |
Commercial Non-Real Estate [Member] | Greater Than 90 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total past due | 23,366 | 25,007 | |
Commercial Non-Real Estate [Member] | Originated Loans [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total past due | 61,652 | 43,881 | |
Current | 7,026,494 | 6,886,572 | |
Total loans | 7,088,146 | 6,930,453 | 5,861,887 |
Recorded investment > 90 days and still accruing | 2,503 | 3,060 | |
Commercial Non-Real Estate [Member] | Originated Loans [Member] | 30-59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total past due | 35,443 | 17,406 | |
Commercial Non-Real Estate [Member] | Originated Loans [Member] | 60-89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total past due | 2,843 | 1,468 | |
Commercial Non-Real Estate [Member] | Originated Loans [Member] | Greater Than 90 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total past due | 23,366 | 25,007 | |
Commercial Non-Real Estate [Member] | Acquired Loans [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Current | 51,949 | 59,843 | |
Total loans | 51,949 | 59,843 | 118,260 |
Commercial Non-Real Estate [Member] | FDIC Acquired Loans [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Current | 5,311 | 5,528 | |
Total loans | 5,311 | 5,528 | 6,937 |
Commercial Real Estate [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total past due | 23,157 | 21,202 | |
Current | 3,652,935 | 3,391,349 | |
Total loans | 3,676,092 | 3,412,551 | 3,150,103 |
Recorded investment > 90 days and still accruing | 1,892 | 1,034 | |
Commercial Real Estate [Member] | 30-59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total past due | 7,873 | 6,769 | |
Commercial Real Estate [Member] | 60-89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total past due | 1,042 | 1,405 | |
Commercial Real Estate [Member] | Greater Than 90 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total past due | 14,242 | 13,028 | |
Commercial Real Estate [Member] | Originated Loans [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total past due | 22,704 | 20,586 | |
Current | 3,482,099 | 3,199,923 | |
Total loans | 3,504,803 | 3,220,509 | 2,492,351 |
Recorded investment > 90 days and still accruing | 1,892 | 1,034 | |
Commercial Real Estate [Member] | Originated Loans [Member] | 30-59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total past due | 7,873 | 6,754 | |
Commercial Real Estate [Member] | Originated Loans [Member] | 60-89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total past due | 1,042 | 1,329 | |
Commercial Real Estate [Member] | Originated Loans [Member] | Greater Than 90 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total past due | 13,789 | 12,503 | |
Commercial Real Estate [Member] | Acquired Loans [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total past due | 453 | 616 | |
Current | 155,832 | 175,844 | |
Total loans | 156,285 | 176,460 | 629,975 |
Commercial Real Estate [Member] | Acquired Loans [Member] | 30-59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total past due | 15 | ||
Commercial Real Estate [Member] | Acquired Loans [Member] | 60-89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total past due | 76 | ||
Commercial Real Estate [Member] | Acquired Loans [Member] | Greater Than 90 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total past due | 453 | 525 | |
Commercial Real Estate [Member] | FDIC Acquired Loans [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Current | 15,004 | 15,582 | |
Total loans | 15,004 | 15,582 | 27,777 |
Residential Mortgages [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total past due | 35,634 | 34,857 | |
Current | 1,965,333 | 2,014,667 | |
Total loans | 2,000,967 | 2,049,524 | 1,913,885 |
Recorded investment > 90 days and still accruing | 123 | 163 | |
Residential Mortgages [Member] | 30-59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total past due | 18,644 | 18,657 | |
Residential Mortgages [Member] | 60-89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total past due | 6,615 | 4,360 | |
Residential Mortgages [Member] | Greater Than 90 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total past due | 10,375 | 11,840 | |
Residential Mortgages [Member] | Originated Loans [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total past due | 35,634 | 34,857 | |
Current | 1,804,255 | 1,852,399 | |
Total loans | 1,839,889 | 1,887,256 | 1,736,033 |
Recorded investment > 90 days and still accruing | 123 | 163 | |
Residential Mortgages [Member] | Originated Loans [Member] | 30-59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total past due | 18,644 | 18,657 | |
Residential Mortgages [Member] | Originated Loans [Member] | 60-89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total past due | 6,615 | 4,360 | |
Residential Mortgages [Member] | Originated Loans [Member] | Greater Than 90 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total past due | 10,375 | 11,840 | |
Residential Mortgages [Member] | Acquired Loans [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Current | 1,116 | 27 | |
Total loans | 1,116 | 27 | 2,485 |
Residential Mortgages [Member] | FDIC Acquired Loans [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Current | 159,962 | 162,241 | |
Total loans | 159,962 | 162,241 | 175,367 |
Consumer [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total past due | 23,721 | 29,386 | |
Current | 2,036,524 | 2,064,079 | |
Total loans | 2,060,245 | 2,093,465 | 1,759,804 |
Recorded investment > 90 days and still accruing | 1,098 | 2,166 | |
Consumer [Member] | 30-59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total past due | 14,050 | 16,309 | |
Consumer [Member] | 60-89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total past due | 3,500 | 4,432 | |
Consumer [Member] | Greater Than 90 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total past due | 6,171 | 8,645 | |
Consumer [Member] | Originated Loans [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total past due | 23,721 | 29,386 | |
Current | 2,024,347 | 2,051,240 | |
Total loans | 2,048,068 | 2,080,626 | 1,742,810 |
Recorded investment > 90 days and still accruing | 1,098 | 2,166 | |
Consumer [Member] | Originated Loans [Member] | 30-59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total past due | 14,050 | 16,309 | |
Consumer [Member] | Originated Loans [Member] | 60-89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total past due | 3,500 | 4,432 | |
Consumer [Member] | Originated Loans [Member] | Greater Than 90 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total past due | 6,171 | 8,645 | |
Consumer [Member] | Acquired Loans [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Current | 20 | 20 | |
Total loans | 20 | 20 | 25 |
Consumer [Member] | FDIC Acquired Loans [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Current | 12,157 | 12,819 | |
Total loans | $ 12,157 | $ 12,819 | $ 16,969 |
Loans and Allowance for Loan 49
Loans and Allowance for Loan Losses (Credit Quality Indicators of Various Classes of Loans) (Details) - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 | Mar. 31, 2015 |
Financing Receivable, Recorded Investment [Line Items] | |||
Total loans | $ 15,978,124 | $ 15,703,314 | $ 13,924,386 |
Originated Loans [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total loans | 15,567,288 | 15,258,587 | 12,920,530 |
Acquired Loans [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total loans | 211,620 | 241,430 | 765,324 |
FDIC Acquired Loans [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total loans | 199,216 | 203,297 | 238,532 |
Commercial Non-Real Estate [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total loans | 7,145,406 | 6,995,824 | 5,987,084 |
Commercial Non-Real Estate [Member] | Originated Loans [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total loans | 7,088,146 | 6,930,453 | 5,861,887 |
Commercial Non-Real Estate [Member] | Acquired Loans [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total loans | 51,949 | 59,843 | 118,260 |
Commercial Non-Real Estate [Member] | FDIC Acquired Loans [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total loans | 5,311 | 5,528 | 6,937 |
Commercial Non-Real Estate [Member] | Pass [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total loans | 5,942,564 | 6,260,863 | |
Commercial Non-Real Estate [Member] | Pass [Member] | Originated Loans [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total loans | 5,895,649 | 6,205,372 | |
Commercial Non-Real Estate [Member] | Pass [Member] | Acquired Loans [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total loans | 44,847 | 53,381 | |
Commercial Non-Real Estate [Member] | Pass [Member] | FDIC Acquired Loans [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total loans | 2,068 | 2,110 | |
Commercial Non-Real Estate [Member] | Pass-Watch [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total loans | 298,909 | 168,589 | |
Commercial Non-Real Estate [Member] | Pass-Watch [Member] | Originated Loans [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total loans | 298,176 | 167,720 | |
Commercial Non-Real Estate [Member] | Pass-Watch [Member] | FDIC Acquired Loans [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total loans | 733 | 869 | |
Commercial Non-Real Estate [Member] | Special Mention [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total loans | 208,733 | 211,230 | |
Commercial Non-Real Estate [Member] | Special Mention [Member] | Originated Loans [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total loans | 208,731 | 211,230 | |
Commercial Non-Real Estate [Member] | Special Mention [Member] | Acquired Loans [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total loans | 2 | ||
Commercial Non-Real Estate [Member] | Substandard [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total loans | 693,059 | 355,098 | |
Commercial Non-Real Estate [Member] | Substandard [Member] | Originated Loans [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total loans | 683,449 | 346,087 | |
Commercial Non-Real Estate [Member] | Substandard [Member] | Acquired Loans [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total loans | 7,100 | 6,462 | |
Commercial Non-Real Estate [Member] | Substandard [Member] | FDIC Acquired Loans [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total loans | 2,510 | 2,549 | |
Commercial Non-Real Estate [Member] | Doubtful [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total loans | 2,141 | 44 | |
Commercial Non-Real Estate [Member] | Doubtful [Member] | Originated Loans [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total loans | 2,141 | 44 | |
Commercial Real Estate [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total loans | 3,676,092 | 3,412,551 | 3,150,103 |
Commercial Real Estate [Member] | Originated Loans [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total loans | 3,504,803 | 3,220,509 | 2,492,351 |
Commercial Real Estate [Member] | Acquired Loans [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total loans | 156,285 | 176,460 | 629,975 |
Commercial Real Estate [Member] | FDIC Acquired Loans [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total loans | 15,004 | 15,582 | 27,777 |
Commercial Real Estate [Member] | Pass [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total loans | 3,433,845 | 3,221,209 | |
Commercial Real Estate [Member] | Pass [Member] | Originated Loans [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total loans | 3,293,852 | 3,058,342 | |
Commercial Real Estate [Member] | Pass [Member] | Acquired Loans [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total loans | 136,879 | 159,750 | |
Commercial Real Estate [Member] | Pass [Member] | FDIC Acquired Loans [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total loans | 3,114 | 3,117 | |
Commercial Real Estate [Member] | Pass-Watch [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total loans | 64,512 | 46,481 | |
Commercial Real Estate [Member] | Pass-Watch [Member] | Originated Loans [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total loans | 60,595 | 41,830 | |
Commercial Real Estate [Member] | Pass-Watch [Member] | Acquired Loans [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total loans | 1,684 | 2,355 | |
Commercial Real Estate [Member] | Pass-Watch [Member] | FDIC Acquired Loans [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total loans | 2,233 | 2,296 | |
Commercial Real Estate [Member] | Special Mention [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total loans | 48,117 | 47,052 | |
Commercial Real Estate [Member] | Special Mention [Member] | Originated Loans [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total loans | 42,170 | 40,576 | |
Commercial Real Estate [Member] | Special Mention [Member] | Acquired Loans [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total loans | 4,804 | 5,112 | |
Commercial Real Estate [Member] | Special Mention [Member] | FDIC Acquired Loans [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total loans | 1,143 | 1,364 | |
Commercial Real Estate [Member] | Substandard [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total loans | 129,603 | 97,793 | |
Commercial Real Estate [Member] | Substandard [Member] | Originated Loans [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total loans | 108,171 | 79,745 | |
Commercial Real Estate [Member] | Substandard [Member] | Acquired Loans [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total loans | 12,918 | 9,243 | |
Commercial Real Estate [Member] | Substandard [Member] | FDIC Acquired Loans [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total loans | 8,514 | 8,805 | |
Commercial Real Estate [Member] | Doubtful [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total loans | 15 | 16 | |
Commercial Real Estate [Member] | Doubtful [Member] | Originated Loans [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total loans | 15 | 16 | |
Residential Mortgages [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total loans | 2,000,967 | 2,049,524 | 1,913,885 |
Residential Mortgages [Member] | Originated Loans [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total loans | 1,839,889 | 1,887,256 | 1,736,033 |
Residential Mortgages [Member] | Acquired Loans [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total loans | 1,116 | 27 | 2,485 |
Residential Mortgages [Member] | FDIC Acquired Loans [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total loans | 159,962 | 162,241 | 175,367 |
Consumer [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total loans | 2,060,245 | 2,093,465 | 1,759,804 |
Consumer [Member] | Originated Loans [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total loans | 2,048,068 | 2,080,626 | 1,742,810 |
Consumer [Member] | Acquired Loans [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total loans | 20 | 20 | 25 |
Consumer [Member] | FDIC Acquired Loans [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total loans | 12,157 | 12,819 | 16,969 |
Construction and Land Development [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total loans | 1,095,414 | 1,151,950 | 1,113,510 |
Construction and Land Development [Member] | Originated Loans [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total loans | 1,086,382 | 1,139,743 | 1,087,449 |
Construction and Land Development [Member] | Acquired Loans [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total loans | 2,250 | 5,080 | 14,579 |
Construction and Land Development [Member] | FDIC Acquired Loans [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total loans | 6,782 | 7,127 | $ 11,482 |
Construction and Land Development [Member] | Pass [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total loans | 1,039,139 | 1,095,296 | |
Construction and Land Development [Member] | Pass [Member] | Originated Loans [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total loans | 1,036,847 | 1,092,299 | |
Construction and Land Development [Member] | Pass [Member] | Acquired Loans [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total loans | 837 | 910 | |
Construction and Land Development [Member] | Pass [Member] | FDIC Acquired Loans [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total loans | 1,455 | 2,087 | |
Construction and Land Development [Member] | Pass-Watch [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total loans | 24,982 | 6,841 | |
Construction and Land Development [Member] | Pass-Watch [Member] | Originated Loans [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total loans | 22,947 | 5,709 | |
Construction and Land Development [Member] | Pass-Watch [Member] | Acquired Loans [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total loans | 150 | 223 | |
Construction and Land Development [Member] | Pass-Watch [Member] | FDIC Acquired Loans [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total loans | 1,885 | 909 | |
Construction and Land Development [Member] | Special Mention [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total loans | 613 | 12,297 | |
Construction and Land Development [Member] | Special Mention [Member] | Originated Loans [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total loans | 592 | 12,017 | |
Construction and Land Development [Member] | Special Mention [Member] | FDIC Acquired Loans [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total loans | 21 | 280 | |
Construction and Land Development [Member] | Substandard [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total loans | 30,680 | 37,516 | |
Construction and Land Development [Member] | Substandard [Member] | Originated Loans [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total loans | 25,996 | 29,718 | |
Construction and Land Development [Member] | Substandard [Member] | Acquired Loans [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total loans | 1,263 | 3,947 | |
Construction and Land Development [Member] | Substandard [Member] | FDIC Acquired Loans [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total loans | 3,421 | 3,851 | |
Performing [Member] | Residential Mortgages [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total loans | 1,977,131 | 2,025,563 | |
Performing [Member] | Residential Mortgages [Member] | Originated Loans [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total loans | 1,816,053 | 1,863,295 | |
Performing [Member] | Residential Mortgages [Member] | Acquired Loans [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total loans | 1,116 | 27 | |
Performing [Member] | Residential Mortgages [Member] | FDIC Acquired Loans [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total loans | 159,962 | 162,241 | |
Performing [Member] | Consumer [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total loans | 2,050,609 | 2,082,238 | |
Performing [Member] | Consumer [Member] | Originated Loans [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total loans | 2,038,432 | 2,069,399 | |
Performing [Member] | Consumer [Member] | Acquired Loans [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total loans | 20 | 20 | |
Performing [Member] | Consumer [Member] | FDIC Acquired Loans [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total loans | 12,157 | 12,819 | |
Nonperforming [Member] | Residential Mortgages [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total loans | 23,836 | 23,961 | |
Nonperforming [Member] | Residential Mortgages [Member] | Originated Loans [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total loans | 23,836 | 23,961 | |
Nonperforming [Member] | Consumer [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total loans | 9,636 | 11,227 | |
Nonperforming [Member] | Consumer [Member] | Originated Loans [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total loans | $ 9,636 | $ 11,227 |
Loans and Allowance for Loan 50
Loans and Allowance for Loan Losses (Changes in Carrying Amount of Acquired-Impaired Loans and Accretable Yield) (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended |
Mar. 31, 2016 | Dec. 31, 2015 | |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | ||
Carrying Amount of Loans, Balance at end of period | $ 221,893 | |
FDIC Acquired Loans [Member] | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | ||
Carrying Amount of Loans, Balance at beginning of period | 203,297 | $ 252,409 |
Carrying Amount of Loans, Payments received, net | (7,290) | (62,579) |
Carrying Amount of Loans, Accretion | 3,209 | 13,467 |
Carrying Amount of Loans, Balance at end of period | 199,216 | 203,297 |
Accretable Yield, Balance at beginning of period | 91,564 | 112,788 |
Accretable Yield, Payments received, net | (28) | (422) |
Accretable Yield, Accretion | (3,209) | (13,467) |
Accretable Yield, Increase (decrease) in expected cash flows based on actual cash flows and changes in cash flow assumptions | 4,207 | (3,537) |
Accretable Yield, Net transfers to (from) nonaccretable difference to accretable yield | 3,776 | (3,798) |
Accretable Yield, Balance at end of period | 96,310 | 91,564 |
Acquired Loans [Member] | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | ||
Carrying Amount of Loans, Balance at beginning of period | 22,541 | 61,276 |
Carrying Amount of Loans, Payments received, net | (2,145) | (53,268) |
Carrying Amount of Loans, Accretion | 2,281 | 14,533 |
Carrying Amount of Loans, Balance at end of period | 22,677 | 22,541 |
Accretable Yield, Balance at beginning of period | 37,924 | 74,668 |
Accretable Yield, Payments received, net | (2,598) | (21,556) |
Accretable Yield, Accretion | (2,281) | (14,533) |
Accretable Yield, Increase (decrease) in expected cash flows based on actual cash flows and changes in cash flow assumptions | 56 | (701) |
Accretable Yield, Net transfers to (from) nonaccretable difference to accretable yield | 947 | 46 |
Accretable Yield, Balance at end of period | $ 34,048 | $ 37,924 |
Securities Sold under Agreeme51
Securities Sold under Agreements to Repurchase (Details) $ in Millions | Mar. 31, 2016USD ($) |
Securities Sold under Agreements to Repurchase [Abstract] | |
Securities sold under agreements to repurchase | $ 419 |
Long-Term Debt (Long-Term Debt)
Long-Term Debt (Long-Term Debt) (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2016 | Dec. 31, 2015 | |
Debt Instrument [Line Items] | ||
Gross long-term debt | $ 477,117 | |
Less unamortized debt issuance costs | (5,872) | $ (5,854) |
Total long-term debt less unamortized debt issuance costs | $ 471,245 | 490,145 |
Term Note Payable Maturing December 2018 [Member] | ||
Debt Instrument [Line Items] | ||
Notes payable maturity date | Dec. 18, 2018 | |
Subordinated Notes [Member] | Subordinated Notes Payable Maturing June 2045 [Member] | ||
Debt Instrument [Line Items] | ||
Gross long-term debt | $ 150,000 | 150,000 |
Less unamortized debt issuance costs | $ (5,088) | |
Notes payable maturity date | Jun. 15, 2045 | |
Subordinated Notes [Member] | Subordinated Notes Payable Maturing April 2017 [Member] | ||
Debt Instrument [Line Items] | ||
Gross long-term debt | $ 98,011 | 98,011 |
Notes payable maturity date | Apr. 1, 2017 | |
Term Note [Member] | Term Note Payable Maturing December 2018 [Member] | ||
Debt Instrument [Line Items] | ||
Gross long-term debt | $ 120,525 | 125,000 |
Less unamortized debt issuance costs | $ (784) | |
Notes payable maturity date | Dec. 18, 2018 | |
Other Long-Term Debt [Member] | ||
Debt Instrument [Line Items] | ||
Gross long-term debt | $ 108,581 | $ 122,988 |
Long-Term Debt (Long-Term Debt
Long-Term Debt (Long-Term Debt with Related Unamortized Debt Issuance Cost) (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2016 | Dec. 31, 2015 | |
Debt Instrument [Line Items] | ||
Principal | $ 477,117 | |
Unamortized Debt Issuance Costs | $ 5,872 | $ 5,854 |
Term Note Payable Maturing December 2018 [Member] | ||
Debt Instrument [Line Items] | ||
Notes payable maturity date | Dec. 18, 2018 | |
Subordinated Notes [Member] | Subordinated Notes Payable Maturing June 2045 [Member] | ||
Debt Instrument [Line Items] | ||
Principal | $ 150,000 | 150,000 |
Unamortized Debt Issuance Costs | $ 5,088 | |
Notes payable maturity date | Jun. 15, 2045 | |
Subordinated Notes [Member] | Subordinated Notes Payable Maturing April 2017 [Member] | ||
Debt Instrument [Line Items] | ||
Principal | $ 98,011 | 98,011 |
Notes payable maturity date | Apr. 1, 2017 | |
Term Note [Member] | Term Note Payable Maturing December 2018 [Member] | ||
Debt Instrument [Line Items] | ||
Principal | $ 120,525 | 125,000 |
Unamortized Debt Issuance Costs | $ 784 | |
Notes payable maturity date | Dec. 18, 2018 | |
Other Long-Term Debt [Member] | ||
Debt Instrument [Line Items] | ||
Principal | $ 108,581 | $ 122,988 |
Derivatives (Narrative) (Detail
Derivatives (Narrative) (Details) $ in Thousands | 3 Months Ended | |
Mar. 31, 2016USD ($)agreement | Mar. 31, 2015USD ($) | |
Derivative [Line Items] | ||
Ineffective portion of change in derivative fair value | $ 0 | |
Derivative income reflected in income statement | (100) | $ (100) |
Impact to interest income from cash flow hedges | 300 | $ 400 |
Aggregate fair value of derivatives in a net liability position | (31,900) | |
Collateral obligations for derivative counterparties | $ 33,100 | |
Interest Rate Swaps [Member] | ||
Derivative [Line Items] | ||
Number of interest rate swap agreements | agreement | 5 | |
Interest Rate Swaps [Member] | $300 Million Swap Agreement [Member] | ||
Derivative [Line Items] | ||
Notional amount of derivatives | $ 300,000 | |
Swap agreement expiration date | Jan. 1, 2017 | |
Interest Rate Swaps [Member] | $200 Million Swap Agreement [Member] | ||
Derivative [Line Items] | ||
Notional amount of derivatives | $ 200,000 | |
Swap agreement expiration date | Jun. 1, 2017 | |
Interest Rate Swaps [Member] | $100 Million Swap Agreement [Member] | ||
Derivative [Line Items] | ||
Number of interest rate swap agreements | agreement | 3 | |
Notional amount of derivatives | $ 100,000 | |
Interest Rate Swaps [Member] | Date One [Member] | $100 Million Swap Agreement [Member] | ||
Derivative [Line Items] | ||
Swap agreement expiration date | Apr. 1, 2018 | |
Interest Rate Swaps [Member] | Date Two [Member] | $100 Million Swap Agreement [Member] | ||
Derivative [Line Items] | ||
Swap agreement expiration date | Apr. 1, 2019 | |
Interest Rate Swaps [Member] | Date Three [Member] | $100 Million Swap Agreement [Member] | ||
Derivative [Line Items] | ||
Swap agreement expiration date | Apr. 1, 2020 |
Derivatives (Fair Values of Der
Derivatives (Fair Values of Derivative Financial Instruments) (Details) - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 | |
Derivatives, Fair Value [Line Items] | |||
Fair Values, Assets | [1] | $ 36,479 | $ 23,251 |
Fair Values, Liabilities | [1] | 36,336 | 23,968 |
Derivatives Designated as Hedging Instruments [Member] | |||
Derivatives, Fair Value [Line Items] | |||
Notional Amounts | 800,000 | 500,000 | |
Fair Values, Assets | [2] | 1,808 | |
Fair Values, Liabilities | [2] | 281 | |
Derivatives Designated as Hedging Instruments [Member] | Interest Rate Swaps [Member] | |||
Derivatives, Fair Value [Line Items] | |||
Notional Amounts | 800,000 | 500,000 | |
Fair Values, Assets | [2] | 1,808 | |
Fair Values, Liabilities | [2] | 281 | |
Derivatives Not Designated as Hedging Instruments [Member] | |||
Derivatives, Fair Value [Line Items] | |||
Notional Amounts | 1,098,014 | 1,002,350 | |
Fair Values, Assets | [2] | 34,671 | 23,251 |
Fair Values, Liabilities | [2] | 36,336 | 23,687 |
Derivatives Not Designated as Hedging Instruments [Member] | Interest Rate Swaps [Member] | |||
Derivatives, Fair Value [Line Items] | |||
Notional Amounts | [3] | 826,734 | 780,871 |
Fair Values, Assets | [2],[3] | 32,510 | 20,622 |
Fair Values, Liabilities | [2],[3] | 33,838 | 21,007 |
Derivatives Not Designated as Hedging Instruments [Member] | Risk Participation Agreements [Member] | |||
Derivatives, Fair Value [Line Items] | |||
Notional Amounts | 89,723 | 83,430 | |
Fair Values, Assets | [2] | 112 | 83 |
Fair Values, Liabilities | [2] | 217 | 162 |
Derivatives Not Designated as Hedging Instruments [Member] | Forward Commitments to Sell Residential Mortgage Loans [Member] | |||
Derivatives, Fair Value [Line Items] | |||
Notional Amounts | 83,935 | 55,128 | |
Fair Values, Assets | [2] | 51 | 263 |
Fair Values, Liabilities | [2] | 979 | 336 |
Derivatives Not Designated as Hedging Instruments [Member] | Interest Rate-Lock Commitments on Residential Mortgage Loans [Member] | |||
Derivatives, Fair Value [Line Items] | |||
Notional Amounts | 60,607 | 38,853 | |
Fair Values, Assets | [2] | 697 | 243 |
Fair Values, Liabilities | [2] | 24 | 167 |
Derivatives Not Designated as Hedging Instruments [Member] | Foreign Exchange Forward Contracts [Member] | |||
Derivatives, Fair Value [Line Items] | |||
Notional Amounts | 37,015 | 44,068 | |
Fair Values, Assets | [2] | 1,301 | 2,040 |
Fair Values, Liabilities | [2] | $ 1,278 | $ 2,015 |
[1] | For further disaggregation of derivative assets and liabilities, see Note 6 - Derivatives. | ||
[2] | Derivative assets and liabilities are reported with other assets or other liabilities, respectively, in the consolidated balance sheets. | ||
[3] | The notional amount represents both the customer accommodation agreements and offsetting agreements with unrelated financial institutions. |
Derivatives (Offsetting Derivat
Derivatives (Offsetting Derivative Assets and Liabilities Subject to Master Netting Arrangements) (Details) - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 |
Derivatives [Abstract] | ||
Gross Amounts Recognized, Derivative Assets | $ 1,987 | $ 224 |
Gross Amounts Offset in the Statement of Financial Position, Derivative Assets | ||
Net Amounts Presented in the Statement of Financial Position, Derivative Assets | $ 1,987 | $ 224 |
Gross Amounts Not Offset in the Statement of Financial Position - Financial Instruments, Derivative Assets | $ 1,987 | $ 224 |
Gross Amounts Not offset in the Statement of Financial Position -Cash Collateral, Derivative Assets | ||
Net Amount, Derivative Assets | ||
Gross Amounts Recognized, Derivative Liabilities | $ 33,890 | $ 21,034 |
Gross Amounts Offset in the Statement of Financial Position, Derivative Liabilities | ||
Net Amounts Presented in the Statement of Financial Position, Derivative Liabilities | $ 33,890 | $ 21,034 |
Gross Amounts Not Offset in the Statement of Financial Position - Financial Instruments, Derivative Liabilities | 1,987 | 224 |
Gross Amounts Not offset in the Statement of Financial Position -Cash Collateral, Derivative Liabilities | 33,071 | 23,482 |
Net Amount, Derivative Liabilities | $ (1,168) | $ (2,672) |
Stockholders' Equity (Narrative
Stockholders' Equity (Narrative) (Details) - $ / shares | Aug. 28, 2015 | Mar. 31, 2016 |
Stockholders' Equity [Abstract] | ||
Shares authorized for repurchase | 5.00% | |
Number of shares authorized for repurchase | 3,900,000 | |
Repurchased common stock shares | 741,393 | |
Shares repurchased, price per share | $ 27.44 |
Stockholders' Equity (Component
Stockholders' Equity (Components of Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Beginning Balance | $ (80,595) | $ (50,074) |
Net change in unrealized gain | 28,972 | 5,413 |
Reclassification of net (gain) losses realized and included in earnings | 1,091 | 605 |
Amortization of unrealized net loss on securities transferred to HTM | 798 | 647 |
Income tax expense | 11,332 | 2,360 |
Ending Balance | (61,066) | (45,769) |
Available for Sale Securities [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Beginning Balance | 4,268 | 18,001 |
Net change in unrealized gain | 26,882 | 4,421 |
Reclassification of net (gain) losses realized and included in earnings | $ (346) | $ (165) |
Amortization of unrealized net loss on securities transferred to HTM | ||
Income tax expense | $ 9,751 | $ 1,481 |
Ending Balance | 21,053 | 20,776 |
HTM Securities Transferred from AFS [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Beginning Balance | $ (16,795) | $ (19,074) |
Net change in unrealized gain | ||
Reclassification of net (gain) losses realized and included in earnings | ||
Amortization of unrealized net loss on securities transferred to HTM | $ 798 | $ 647 |
Income tax expense | 292 | 238 |
Ending Balance | (16,289) | (18,665) |
Employee Benefit Plans [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Beginning Balance | $ (67,890) | $ (48,626) |
Net change in unrealized gain | ||
Reclassification of net (gain) losses realized and included in earnings | $ 1,437 | $ 770 |
Amortization of unrealized net loss on securities transferred to HTM | ||
Income tax expense | $ 525 | $ 280 |
Ending Balance | (66,978) | (48,136) |
Loss on Effective Cash Flow Hedges [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Beginning Balance | (178) | (375) |
Net change in unrealized gain | $ 2,090 | $ 992 |
Reclassification of net (gain) losses realized and included in earnings | ||
Amortization of unrealized net loss on securities transferred to HTM | ||
Income tax expense | $ 764 | $ 361 |
Ending Balance | $ 1,148 | $ 256 |
Stockholders' Equity (Line Item
Stockholders' Equity (Line Items in Consolidated Income Statements Affected by Amounts Reclassified from Accumulated Other Comprehensive Income) (Details) - USD ($) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2016 | Mar. 31, 2015 | ||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | |||
Amortization of defined benefit pension and post-retirement items | $ (15,714) | $ (15,634) | |
Tax effect | (1,115) | (14,876) | |
Net income | 3,839 | 40,159 | |
Amount Reclassified from Accumulated Other Comprehensive Income [Member] | |||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | |||
Net income | [1] | (1,199) | (792) |
Amount Reclassified from Accumulated Other Comprehensive Income [Member] | Available for Sale Securities [Member] | |||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | |||
Gain on sale of AFS securities | [1] | 346 | 165 |
Tax effect | [1] | (127) | (58) |
Net income | [1] | 219 | 107 |
Amount Reclassified from Accumulated Other Comprehensive Income [Member] | HTM Securities Transferred from AFS [Member] | |||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | |||
Amortization of unrealized net loss on securities transferred to HTM | [1] | (798) | (647) |
Tax effect | [1] | 292 | 238 |
Net income | [1] | (506) | (409) |
Amount Reclassified from Accumulated Other Comprehensive Income [Member] | Employee Benefit Plans [Member] | |||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | |||
Amortization of defined benefit pension and post-retirement items | [1],[2] | (1,437) | (770) |
Tax effect | [1] | 525 | 280 |
Net income | [1] | $ (912) | $ (490) |
[1] | Amounts in parenthesis indicate reduction in net income. | ||
[2] | These accumulated other comprehensive income components are included in the computation of net periodic pension and post-retirement cost that is reported with employee benefits expense (see Note 11 for additional details). |
Other Noninterest Income (Detai
Other Noninterest Income (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Other Noninterest Income [Abstract] | ||
Income from bank-owned life insurance | $ 2,550 | $ 2,666 |
Credit related fees | 2,357 | 2,457 |
Loss from derivatives | (139) | (52) |
Net gain on sale of assets | 2,111 | 340 |
Safety deposit box income | 478 | 486 |
Other miscellaneous | 2,335 | 2,680 |
Total other noninterest income | $ 9,692 | $ 8,577 |
Other Noninterest Expense (Deta
Other Noninterest Expense (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Other Noninterest Expense [Abstract] | ||
Advertising | $ 2,357 | $ 2,165 |
Ad valorem and franchise taxes | 2,303 | 2,715 |
Printing and supplies | 1,111 | 1,217 |
Insurance expense | 835 | 922 |
Travel expense | 949 | 1,219 |
Entertainment and contributions | 1,632 | 1,639 |
Tax credit investment amortization | 1,743 | 2,095 |
Other miscellaneous | 5,779 | 2,834 |
Total other noninterest expense | $ 16,709 | $ 14,806 |
Earnings Per Share (Details)
Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Earnings Per Share [Abstract] | ||
Net income to common shareholders | $ 3,839 | $ 40,159 |
Net income allocated to participating securities - basic and diluted | 97 | 935 |
Net income allocated to common shareholders - basic and diluted | $ 3,742 | $ 39,224 |
Weighted-average common shares - basic | 77,501,000 | 79,496,000 |
Dilutive potential common shares | 171,000 | 165,000 |
Weighted-average common shares - diluted | 77,672,000 | 79,661,000 |
Earnings per common share: Basic | $ 0.05 | $ 0.49 |
Earnings per common share: Diluted | $ 0.05 | $ 0.49 |
Weighted-average anti-dilutive potential common shares | 656,623 | 862,402 |
Retirement Plans (Narrative) (D
Retirement Plans (Narrative) (Details) | 3 Months Ended |
Mar. 31, 2016USD ($) | |
Estimated contribution in the current year | $ 0 |
First 1% Of Contribution Saved [Member] | |
Matching percentage | 100.00% |
Percentage of compensation saved | 1.00% |
Next 5% Of Contribution Saved [Member] | |
Matching percentage | 50.00% |
Percentage of compensation saved | 5.00% |
Retirement Plans (Components of
Retirement Plans (Components of Net Periodic Benefits Cost) (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Pension Benefits [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Service cost | $ 3,265 | $ 3,363 |
Interest cost | 4,988 | 4,619 |
Expected return on plan assets | (8,891) | (8,213) |
Amortization of net loss | 1,468 | 644 |
Net periodic benefit cost | 830 | 413 |
Other Post-Retirement Benefits [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Service cost | 29 | 50 |
Interest cost | 206 | 369 |
Amortization of net loss | (31) | 125 |
Net periodic benefit cost | $ 204 | $ 544 |
Share-Based Payment Arrangeme65
Share-Based Payment Arrangements (Narrative) (Details) $ / shares in Units, $ in Millions | 3 Months Ended | |
Mar. 31, 2016USD ($)entity$ / sharesshares | Mar. 31, 2015USD ($) | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Intrinsic value of options exercised | $ | $ 0 | $ 0.5 |
Restricted and Performance Shares [Member] | ||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Total unrecognized compensation expense | $ | $ 42.3 | |
Weighted-average period | 3 years 4 months 24 days | |
Total fair value of shares vested | $ | $ 0.9 | $ 0.9 |
Shares granted | shares | 71,924 | |
Grant date fair value per share | $ / shares | $ 23.50 | |
Executive and Senior Management [Member] | Performance Shares [Member] | ||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Service period | 3 years | |
Executive and Senior Management [Member] | Performance Shares [Member] | Total Shareholder Return [Member] | ||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Shares granted | shares | 35,587 | |
Grant date fair value per share | $ / shares | $ 24.42 | |
Vesting performance period | 3 years | |
Number of peer group regional banks | entity | 44 | |
Executive and Senior Management [Member] | Performance Shares [Member] | Core Earnings Per Share [Member] | ||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Shares granted | shares | 35,587 | |
Grant date fair value per share | $ / shares | $ 22.58 | |
Vesting performance period | 2 years | |
Executive and Senior Management [Member] | Tranche One [Member] | Performance Shares [Member] | ||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Percentage of maximum number of shares vested | 200.00% |
Share-Based Payment Arrangeme66
Share-Based Payment Arrangements (Summary of Option Activity) (Details) | 3 Months Ended |
Mar. 31, 2016USD ($)$ / sharesshares | |
Share-Based Payment Arrangements [Abstract] | |
Number of Shares, Outstanding at Beginning | shares | 745,806 |
Number of Shares, Cancelled/forfeited | shares | (49,610) |
Number of Shares, Expired | shares | (137,139) |
Number of Shares, Outstanding at Ending | shares | 559,057 |
Number of Shares, Exercisable at Ending | shares | 493,714 |
Weighted Average Exercise Price, Outstanding at Beginning | $ / shares | $ 37.55 |
Weighted Average Exercise Price, Cancelled/forfeited | $ / shares | 34.61 |
Weighted Average Exercise Price, Expired | $ / shares | 42.20 |
Weighted Average Exercise Price, Outstanding at Ending | $ / shares | 36.67 |
Weighted Average Exercise Price, Exercisable at Ending | $ / shares | $ 37.57 |
Weighted Average Remaining Contractual Term (Years), Outstanding at Ending | 4 years 2 months 9 days |
Weighted Average Remaining Contractual Term (Years), Exercisable at Ending | 3 years 11 months 12 days |
Aggregate Intrinsic Value, Outstanding at Ending | $ | |
Aggregate Intrinsic Value, Exercisable at Ending | $ |
Share-Based Payment Arrangeme67
Share-Based Payment Arrangements (Summary of Nonvested Restricted and Performance Shares) (Details) - Restricted and Performance Shares [Member] | 3 Months Ended |
Mar. 31, 2016$ / sharesshares | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Number of Shares, Nonvested at Beginning | shares | 2,196,145 |
Number of Shares, Granted | shares | 71,924 |
Number of Shares, Vested | shares | (24,402) |
Number of Shares, Forfeited | shares | (98,606) |
Number of Shares, Nonvested at Ending | shares | 2,145,061 |
Weighted Average Grant Date Fair Value, Nonvested at Beginning | $ / shares | $ 30.97 |
Weighted Average Grant Date Fair Value, Granted | $ / shares | 23.50 |
Weighted Average Grant Date Fair Value, Vested | $ / shares | 32 |
Weighted Average Grant Date Fair Value, Forfeited | $ / shares | 31.46 |
Weighted Average Grant Date Fair Value, Nonvested at Ending | $ / shares | $ 30.66 |
Fair Value (Narrative) (Details
Fair Value (Narrative) (Details) - Investment Securities [Member] | 3 Months Ended |
Mar. 31, 2016 | |
Minimum [Member] | |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | |
Targeted duration | 2 years |
Maximum [Member] | |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | |
Targeted duration | 5 years |
Fair Value (Financial Assets an
Fair Value (Financial Assets and Liabilities Measured at Fair Value on Recurring Basis) (Details) - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available for sale securities | $ 2,149,466 | $ 2,093,404 | |
Derivative assets | [1] | 36,479 | 23,251 |
Total recurring fair value measurements - assets | 2,185,945 | 2,116,655 | |
Derivative liabilities | [1] | 36,336 | 23,968 |
Total recurring fair value measurements - liabilities | 36,336 | 23,968 | |
US Treasury and Government Agency Securities [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available for sale securities | 125 | 134 | |
Municipal Obligations [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available for sale securities | 87,939 | 39,607 | |
Corporate Debt Securities [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available for sale securities | 3,500 | 3,500 | |
Mortgage-Backed Securities [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available for sale securities | 1,765,974 | 1,758,373 | |
Collateralized Mortgage Obligations [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available for sale securities | 289,166 | 289,033 | |
Equity Securities [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available for sale securities | 2,762 | 2,757 | |
Level 1 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available for sale securities | 2,762 | 2,757 | |
Total recurring fair value measurements - assets | 2,762 | 2,757 | |
Level 1 [Member] | Equity Securities [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available for sale securities | 2,762 | 2,757 | |
Level 2 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available for sale securities | 2,146,704 | 2,090,647 | |
Derivative assets | [1] | 36,479 | 23,251 |
Total recurring fair value measurements - assets | 2,183,183 | 2,113,898 | |
Derivative liabilities | [1] | 36,336 | 23,968 |
Total recurring fair value measurements - liabilities | 36,336 | 23,968 | |
Level 2 [Member] | US Treasury and Government Agency Securities [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available for sale securities | 125 | 134 | |
Level 2 [Member] | Municipal Obligations [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available for sale securities | 87,939 | 39,607 | |
Level 2 [Member] | Corporate Debt Securities [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available for sale securities | 3,500 | 3,500 | |
Level 2 [Member] | Mortgage-Backed Securities [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available for sale securities | 1,765,974 | 1,758,373 | |
Level 2 [Member] | Collateralized Mortgage Obligations [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available for sale securities | $ 289,166 | $ 289,033 | |
[1] | For further disaggregation of derivative assets and liabilities, see Note 6 - Derivatives. |
Fair Value (Financial Assets Me
Fair Value (Financial Assets Measured at Fair Value on Nonrecurring Basis (Details) - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral-dependent impaired loans | $ 179,627 | $ 93,602 |
Other real estate owned | 14,508 | 17,206 |
Total nonrecurring fair value measurements | $ 194,135 | $ 110,808 |
Level 1 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral-dependent impaired loans | ||
Other real estate owned | ||
Total nonrecurring fair value measurements | ||
Level 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral-dependent impaired loans | $ 179,627 | $ 93,602 |
Total nonrecurring fair value measurements | 179,627 | 93,602 |
Level 3 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Other real estate owned | 14,508 | 17,206 |
Total nonrecurring fair value measurements | $ 14,508 | $ 17,206 |
Fair Value (Estimated Fair Valu
Fair Value (Estimated Fair Values of Financial Instruments) (Details) - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 | |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||
Available for sale securities | $ 2,149,466 | $ 2,093,404 | |
Held to maturity securities | 2,518,371 | 2,370,388 | |
Loans, net | 15,760,330 | 15,522,135 | |
Loans held for sale | 24,001 | 20,434 | |
Derivative financial instruments | [1] | 36,479 | 23,251 |
Deposits | 18,656,150 | 18,348,912 | |
Securities sold under agreements to repurchase | 419,000 | ||
Long-term debt | 471,245 | 490,145 | |
Derivative financial instruments | [1] | 36,336 | 23,968 |
Level 1 [Member] | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||
Cash, interest-bearing bank deposits, and federal funds sold | 442,650 | 869,429 | |
Available for sale securities | 2,762 | 2,757 | |
Federal funds purchased | 6,825 | 10,100 | |
Securities sold under agreements to repurchase | 418,962 | 513,544 | |
FHLB borrowings | 675,000 | 900,000 | |
Level 2 [Member] | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||
Available for sale securities | 2,146,704 | 2,090,647 | |
Held to maturity securities | 2,566,799 | 2,375,851 | |
Loans, net | 179,627 | 93,602 | |
Loans held for sale | 24,001 | 20,434 | |
Derivative financial instruments | [1] | 36,479 | 23,251 |
Long-term debt | 476,530 | 488,711 | |
Derivative financial instruments | [1] | 36,336 | 23,968 |
Level 3 [Member] | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||
Loans, net | 15,761,305 | 15,334,201 | |
Deposits | 18,651,845 | 18,327,425 | |
Total Fair Value [Member] | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||
Cash, interest-bearing bank deposits, and federal funds sold | 442,650 | 869,429 | |
Available for sale securities | 2,149,466 | 2,093,404 | |
Held to maturity securities | 2,566,799 | 2,375,851 | |
Loans, net | 15,940,932 | 15,427,803 | |
Loans held for sale | 24,001 | 20,434 | |
Derivative financial instruments | 36,479 | 23,251 | |
Deposits | 18,651,845 | 18,327,425 | |
Federal funds purchased | 6,825 | 10,100 | |
Securities sold under agreements to repurchase | 418,962 | 513,544 | |
FHLB borrowings | 675,000 | 900,000 | |
Long-term debt | 476,530 | 488,711 | |
Derivative financial instruments | 36,336 | 23,968 | |
Carrying Amount [Member] | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||
Cash, interest-bearing bank deposits, and federal funds sold | 442,650 | 869,429 | |
Available for sale securities | 2,149,466 | 2,093,404 | |
Held to maturity securities | 2,518,371 | 2,370,388 | |
Loans, net | 15,760,330 | 15,522,135 | |
Loans held for sale | 24,001 | 20,434 | |
Derivative financial instruments | 36,479 | 23,251 | |
Deposits | 18,656,150 | 18,348,912 | |
Federal funds purchased | 6,825 | 10,100 | |
Securities sold under agreements to repurchase | 418,962 | 513,544 | |
FHLB borrowings | 675,000 | 900,000 | |
Long-term debt | 471,245 | 490,145 | |
Derivative financial instruments | $ 36,336 | $ 23,968 | |
[1] | For further disaggregation of derivative assets and liabilities, see Note 6 - Derivatives. |