Document_and_Entity_Informatio
Document and Entity Information | 9 Months Ended | |
Sep. 30, 2013 | Nov. 01, 2013 | |
Document And Entity Information [Abstract] | ' | ' |
Document Type | '10-Q | ' |
Amendment Flag | 'false | ' |
Document Period End Date | 30-Sep-13 | ' |
Document Fiscal Year Focus | '2013 | ' |
Document Fiscal Period Focus | 'Q3 | ' |
Trading Symbol | 'HBHC | ' |
Entity Registrant Name | 'HANCOCK HOLDING CO | ' |
Entity Central Index Key | '0000750577 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Filer Category | 'Large Accelerated Filer | ' |
Entity Common Stock, Shares Outstanding | ' | 82,108,866 |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
ASSETS | ' | ' |
Cash and due from banks | $425,693 | $448,491 |
Interest-bearing bank deposits | 446,617 | 1,498,985 |
Federal funds sold | 15,696 | 1,203 |
Securities available for sale, at fair value (amortized cost of $1,435,823 and $1,986,882) | 1,458,120 | 2,048,442 |
Securities held to maturity (fair value of $2,653,867 and $1,710,465) | 2,666,082 | 1,668,018 |
Loans held for sale | 18,444 | 50,605 |
Loans | 11,751,958 | 11,595,512 |
Less: allowance for loan losses | -138,223 | -136,171 |
unearned income | -17,486 | -17,710 |
Loans, net | 11,596,249 | 11,441,631 |
Property and equipment, net of accumulated depreciation of $169,178 and $160,592 | 450,233 | 477,864 |
Prepaid expenses | 22,899 | 55,359 |
Other real estate, net | 85,357 | 101,442 |
Accrued interest receivable | 42,039 | 45,616 |
Goodwill | 625,675 | 628,877 |
Other intangible assets, net | 167,116 | 189,409 |
Life insurance contracts | 376,908 | 367,317 |
FDIC loss share receivable | 124,096 | 177,844 |
Deferred tax asset, net | 153,893 | 128,385 |
Other assets | 126,729 | 134,997 |
Total assets | 18,801,846 | 19,464,485 |
Deposits: | ' | ' |
Non-interest bearing demand | 5,479,696 | 5,624,127 |
Interest-bearing savings, NOW, money market and time | 9,575,175 | 10,120,061 |
Total deposits | 15,054,871 | 15,744,188 |
Short-term borrowings | 782,779 | 639,133 |
Long-term debt | 376,664 | 396,589 |
Accrued interest payable | 5,694 | 4,814 |
Other liabilities | 225,396 | 226,483 |
Total liabilities | 16,445,404 | 17,011,207 |
Stockholders' equity | ' | ' |
Common stock-$3.33 par value per share; 350,000,000 shares authorized, 82,106,957 and 84,847,796 issued and outstanding, respectively | 273,416 | 282,543 |
Capital surplus | 1,554,135 | 1,647,638 |
Retained earnings | 613,662 | 546,022 |
Accumulated other comprehensive loss, net | -84,771 | -22,925 |
Total stockholders' equity | 2,356,442 | 2,453,278 |
Total liabilities and stockholders' equity | $18,801,846 | $19,464,485 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parenthetical) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, except Share data, unless otherwise specified | ||
Statement Of Financial Position [Abstract] | ' | ' |
Securities available for sale, amortized cost | $1,435,823 | $1,986,882 |
Held to maturity securities | 2,653,867 | 1,710,465 |
Property and equipment, accumulated depreciation | $169,178 | $160,592 |
Common stock, par value per share | $3.33 | $3.33 |
Common stock, shares authorized | 350,000,000 | 350,000,000 |
Common stock, shares issued | 82,106,957 | 84,847,796 |
Common stock, shares outstanding | 82,106,957 | 84,847,796 |
Consolidated_Statements_of_Inc
Consolidated Statements of Income (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Interest income: | ' | ' | ' | ' |
Loans, including fees | $158,892 | $166,334 | $479,525 | $497,840 |
Securities-taxable | 21,318 | 21,141 | 62,242 | 67,889 |
Securities-tax exempt | 1,176 | 1,422 | 3,615 | 4,377 |
Federal funds sold and other short term investments | 253 | 308 | 1,178 | 1,304 |
Total interest income | 181,639 | 189,205 | 546,560 | 571,410 |
Interest expense: | ' | ' | ' | ' |
Deposits | 5,851 | 7,519 | 18,785 | 25,654 |
Short-term borrowings | 1,074 | 1,514 | 3,448 | 4,776 |
Long-term debt and other interest expense | 3,184 | 2,916 | 9,603 | 9,977 |
Total interest expense | 10,109 | 11,949 | 31,836 | 40,407 |
Net interest income | 171,530 | 177,256 | 514,724 | 531,003 |
Provision for loan losses | 7,569 | 8,101 | 25,404 | 26,141 |
Net interest income after provision for loan losses | 163,961 | 169,155 | 489,320 | 504,862 |
Noninterest income: | ' | ' | ' | ' |
Service charges on deposit accounts | 20,519 | 20,834 | 59,398 | 58,015 |
Trust fees | 9,477 | 7,743 | 27,972 | 24,464 |
Bank card and ATM fees | 12,221 | 11,870 | 34,678 | 37,586 |
Investment and annuity fees | 5,186 | 4,269 | 14,955 | 13,291 |
Secondary mortgage market operations | 2,467 | 4,311 | 10,989 | 11,328 |
Insurance commissions and fees | 3,661 | 4,045 | 12,500 | 12,103 |
Other income | 9,526 | 9,770 | 26,649 | 31,101 |
Securities gains, net | ' | 917 | ' | 929 |
Total noninterest income | 63,057 | 63,759 | 187,141 | 188,817 |
Noninterest expense: | ' | ' | ' | ' |
Compensation expense | 73,037 | 76,173 | 215,715 | 223,945 |
Employee benefits | 16,340 | 17,202 | 49,184 | 54,881 |
Personnel expense | 89,377 | 93,375 | 264,899 | 278,826 |
Net occupancy expense | 12,369 | 13,358 | 37,099 | 41,784 |
Equipment expense | 5,127 | 5,212 | 15,347 | 19,046 |
Data processing expense | 12,031 | 11,005 | 36,346 | 39,523 |
Professional services expense | 10,899 | 9,447 | 27,571 | 49,207 |
Amortization of intangibles | 7,306 | 8,110 | 22,292 | 24,336 |
Telecommunications and postage | 4,397 | 5,313 | 13,484 | 17,068 |
Deposit insurance and regulatory fees | 3,789 | 3,833 | 11,635 | 11,128 |
Advertising | 2,858 | 2,243 | 7,216 | 12,263 |
Other expense | 34,052 | 17,818 | 68,168 | 61,968 |
Total noninterest expense | 182,205 | 169,714 | 504,057 | 555,149 |
Income before income taxes | 44,813 | 63,200 | 172,404 | 138,530 |
Income taxes | 11,611 | 16,216 | 43,764 | 33,747 |
Net income | $33,202 | $46,984 | $128,640 | $104,783 |
Basic earnings per common share | $0.40 | $0.55 | $1.51 | $1.23 |
Diluted earnings per common share | $0.40 | $0.55 | $1.51 | $1.22 |
Dividends paid per share | $0.24 | $0.24 | $0.72 | $0.72 |
Weighted avg. shares outstanding-basic | 82,091 | 84,777 | 83,404 | 84,757 |
Weighted avg. shares outstanding-diluted | 82,205 | 85,632 | 83,496 | 85,525 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Statement Of Income And Comprehensive Income [Abstract] | ' | ' | ' | ' |
Net income | $33,202 | $46,984 | $128,640 | $104,783 |
Other comprehensive income: | ' | ' | ' | ' |
Net change in unrealized gains and losses | -9,685 | 10,821 | -96,074 | 24,410 |
Reclassification adjustment for net losses realized and included in earnings | 1,553 | 842 | 5,835 | 4,371 |
Amortization of unrealized net gain on securities transferred to held-to-maturity | -1,456 | -2,725 | -7,099 | -5,645 |
Other comprehensive income, before income taxes | -9,588 | 8,938 | -97,338 | 23,136 |
Income tax expense (benefit) | -3,512 | 3,263 | -35,492 | 8,413 |
Other comprehensive (loss)/income | -6,076 | 5,675 | -61,846 | 14,723 |
Comprehensive income | $27,126 | $52,659 | $66,794 | $119,506 |
Consolidated_Statements_of_Cha
Consolidated Statements of Changes in Stockholders' Equity (USD $) | Total | Common Stock [Member] | Capital Surplus [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Income (Loss), net [Member] |
In Thousands, except Share data | |||||
Balance at Dec. 31, 2011 | $2,367,163 | $282,069 | $1,634,634 | $476,970 | ($26,510) |
Balance, Shares at Dec. 31, 2011 | ' | 84,705,496 | ' | ' | ' |
Net income | 104,783 | ' | ' | 104,783 | ' |
Other comprehensive income | 14,723 | ' | ' | ' | 14,723 |
Comprehensive income | 119,506 | ' | ' | ' | ' |
Cash dividends declared | -61,915 | ' | ' | -61,915 | ' |
Common stock activity, long-term incentive plan | 9,734 | 254 | 9,480 | ' | ' |
Common stock activity, long-term incentive plan, shares | ' | 76,398 | ' | ' | ' |
Balance at Sep. 30, 2012 | 2,434,488 | 282,323 | 1,644,114 | 519,838 | -11,787 |
Balance, Shares at Sep. 30, 2012 | ' | 84,781,894 | ' | ' | ' |
Balance at Dec. 31, 2012 | 2,453,278 | 282,543 | 1,647,638 | 546,022 | -22,925 |
Balance, Shares at Dec. 31, 2012 | ' | 84,847,796 | ' | ' | ' |
Net income | 128,640 | ' | ' | 128,640 | ' |
Other comprehensive income | -61,846 | ' | ' | ' | -61,846 |
Comprehensive income | 66,794 | ' | ' | 128,640 | -61,846 |
Cash dividends declared | -61,000 | ' | ' | -61,000 | ' |
Common stock activity, long-term incentive plan | 12,370 | 256 | 12,114 | ' | ' |
Common stock activity, long-term incentive plan, shares | ' | 76,801 | ' | ' | ' |
Purchase of common stock | -115,000 | -9,383 | -105,617 | ' | ' |
Purchase of common stock, shares | ' | -2,817,640 | ' | ' | ' |
Balance at Sep. 30, 2013 | $2,356,442 | $273,416 | $1,554,135 | $613,662 | ($84,771) |
Balance, Shares at Sep. 30, 2013 | ' | 82,106,957 | ' | ' | ' |
Consolidated_Statements_of_Cha1
Consolidated Statements of Changes in Stockholders' Equity (Parenthetical) (USD $) | 9 Months Ended | |
Sep. 30, 2013 | Sep. 30, 2012 | |
Cash dividends declared, per common share | $0.72 | $0.72 |
Retained Earnings [Member] | ' | ' |
Cash dividends declared, per common share | $0.72 | $0.72 |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
CASH FLOWS FROM OPERATING ACTIVITIES: | ' | ' |
Net income | $128,640 | $104,783 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' |
Depreciation and amortization | 24,178 | 25,228 |
Provision for loan losses | 25,404 | 26,141 |
Losses on other real estate owned | 3,519 | 17,901 |
Writedowns on closed branch transfers to other real estate owned | 8,450 | 4,586 |
Deferred tax expense | 20,807 | 35,557 |
Increase in cash surrender value of life insurance contracts | -8,764 | -8,617 |
Net decrease in loans originated for sale | 35,497 | 21,989 |
Net amortization of securities premium/discount | 27,095 | 38,241 |
Amortization of intangible assets | 22,292 | 24,390 |
Stock-based compensation expense | 10,435 | 7,718 |
Increase (decrease) in interest payable and other liabilities | 7,673 | -38,797 |
Funds collected under FDIC loss share agreements | 60,886 | 84,130 |
Increase in FDIC loss share receivable | -7,108 | -55,690 |
Decrease in other assets | 43,091 | 34,322 |
Other, net | 9,092 | -2,132 |
Net cash provided by operating activities | 411,187 | 319,750 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ' | ' |
Proceeds from sales of securities available for sale | ' | 37,661 |
Proceeds from maturities of securities available for sale | 510,886 | 880,438 |
Purchases of securities available for sale | -1,017,578 | -208,775 |
Proceeds from maturities of securities held to maturity | 419,334 | 263,357 |
Purchases of securities held to maturity | -450,661 | -560,435 |
Net decrease in interest-bearing bank deposits | 1,052,369 | 865,590 |
Net increase in federal funds sold and short term investments | -14,493 | -1,228 |
Net increase in loans | -229,913 | -324,495 |
Purchases of property, equipment and intangible assets | -25,855 | -34,815 |
Proceeds from sales of other real estate | 70,220 | 76,427 |
Other, net | -7,280 | 5,919 |
Net cash provided by investing activities | 307,029 | 999,644 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | ' |
Net decrease in deposits | -689,317 | -940,629 |
Net increase (decrease) in short-term borrowings | 143,646 | -295,820 |
Repayments of long-term debt | -26,469 | -52,065 |
Issuance of long-term debt | 6,544 | 6,502 |
Dividends paid | -61,000 | -61,916 |
Repurchase of common stock | -115,000 | ' |
Proceeds from exercise of stock options | 582 | 1,210 |
Net cash used in financing activities | -741,014 | -1,342,718 |
NET DECREASE IN CASH AND DUE FROM BANKS | -22,798 | -23,324 |
CASH AND DUE FROM BANKS, BEGINNING | 448,491 | 437,947 |
CASH AND DUE FROM BANKS, ENDING | 425,693 | 414,623 |
SUPPLEMENTAL INFORMATION FOR NON-CASH INVESTING AND FINANCING ACTIVITIES | ' | ' |
Assets acquired in settlement of loans | 42,070 | 63,917 |
Transfers from available for sale securities to held to maturity securities | $983,162 | $1,523,585 |
Basis_of_Presentation
Basis of Presentation | 9 Months Ended | |||
Sep. 30, 2013 | ||||
Accounting Policies [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. (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 2012 Annual Report on Form 10-K. 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. | ||||
Use of Estimates | ||||
The accounting principles the Company follows and the methods for applying these principles conform with U.S. GAAP and with those generally practiced within 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 | ||||
Allowance for Loan Losses | ||||
The allowance for loan and lease losses (ALLL) is a valuation account available to absorb losses on loans. The ALLL is maintained at an amount sufficient to cover the estimated credit losses associated with the loan and lease portfolios of the Company as of the date of the determination. Credit losses arise not only from credit risk, but also from other risks inherent in the lending process including, but not limited to, collateral risk, operational risk, concentration risk, and economic risk. As such, all related risks of lending are considered when assessing the adequacy of the allowance for loan and lease losses. Quarterly, management estimates the inherent losses in the existing loan portfolio based on a number of factors, including the Company’s past loan loss and delinquency experience, known and inherent risks in the portfolio, adverse situations that may affect the borrowers’ ability to repay, the estimated value of any underlying collateral and current economic conditions. | ||||
The analysis and methodology for estimating the ALLL include two primary elements. A loss rate analysis which incorporates a historical loss rate as updated for current conditions is used for loans collectively evaluated for impairment, and a specific reserve analysis is used for loans individually evaluated for impairment. | ||||
During the second quarter of 2013, management revised the methodology for the loss-rate analysis for the originated and acquired-performing loan portfolios due to the increased size and complexity of the Company’s commercial loan portfolio. The primary changes in the methodology were to segment loans with similar risk characteristics at a more granular level and to lengthen the period used for analyzing loss emergence and estimating loss factors. The changes were implemented as of April 1, 2013 and resulted in no material change in the total amount of the allowance for loan losses. Management made the following principal changes to the methodology during the second quarter of 2013: | ||||
• | Established a more granular stratification of the major loan segments to enhance the homogeneity of the loan classes. For the loss-rate analysis, the Company previously segmented loans into three primary groups—commercial, residential mortgage and consumer. The revised loan segments are commercial non-real estate, construction and land development, commercial real estate, residential mortgage and consumer. Both quantitative and qualitative factors are applied at the more detailed portfolio segments. | |||
• | Included portfolio risk ratings in loss-rate analysis. Commercial loans (commercial non-real estate, construction and land development and commercial real estate) are further subdivided by risk rating, and retail loans (residential mortgage and consumer) are further subdivided by delinquency. Previously, the methodology indirectly incorporated risk ratings and delinquencies. | |||
• | Lengthened the loss emergence period. The Company uses an eighteen month loss emergence period for commercial loans and a twelve month loss emergence period for retail loans. Historical loss rates are calculated for each commercial segment using a weighted average of three eighteen-month periods over a fourteen quarter look-back period, and for each retail segment using a weighted average of three twelve-month periods over a twelve quarter look-back period. Previously, historical loss rates for all loan segments were calculated using an average of three twelve month loss emergence periods over a three year look back period. As circumstances dictate, management will make adjustments to the loss history to reflect differences in current conditions as compared to those during the historical loss period. Conditions to be considered include problem loan trends, current business and economic conditions, credit concentrations, lending policies and procedures, lending staff, collateral values, loan profiles and volumes, loan review quality, and changes in competition and regulations. | |||
There were no changes in the methodology for the specific reserve analysis for loans individually evaluated for impairment or acquired credit-impaired loans. | ||||
There were no other 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 our Form 10-K for the year ended December 31, 2012. | ||||
Securities
Securities | 9 Months Ended | ||||||||||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||||||||||
Investments Debt And Equity Securities [Abstract] | ' | ||||||||||||||||||||||||||||||||
Securities | ' | ||||||||||||||||||||||||||||||||
2. Securities | |||||||||||||||||||||||||||||||||
The amortized cost and fair value of securities classified as available for sale and held to maturity follow (in thousands): | |||||||||||||||||||||||||||||||||
Securitites Available for Sale | |||||||||||||||||||||||||||||||||
September 30, 2013 | December 31, 2012 | ||||||||||||||||||||||||||||||||
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 | $ | 615 | $ | 6 | $ | 1 | $ | 620 | $ | 18,246 | $ | 19 | $ | — | $ | 18,265 | |||||||||||||||||
Municipal obligations | 43,573 | 197 | 122 | 43,648 | 49,608 | 571 | 14 | 50,165 | |||||||||||||||||||||||||
Mortgage-backed securities | 1,337,251 | 29,214 | 6,495 | 1,359,970 | 1,715,524 | 58,903 | 21 | 1,774,406 | |||||||||||||||||||||||||
CMOs | 46,288 | — | 1,256 | 45,032 | 196,723 | 1,354 | — | 198,077 | |||||||||||||||||||||||||
Corporate debt securities | 3,500 | — | — | 3,500 | 2,250 | — | — | 2,250 | |||||||||||||||||||||||||
Other equity securities | 4,596 | 774 | 20 | 5,350 | 4,531 | 752 | 4 | 5,279 | |||||||||||||||||||||||||
$ | 1,435,823 | $ | 30,191 | $ | 7,894 | $ | 1,458,120 | $ | 1,986,882 | $ | 61,599 | $ | 39 | $ | 2,048,442 | ||||||||||||||||||
Securitites Held to Maturity | |||||||||||||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | ||||||||||||||||||||||||||||||||
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 | $ | 100,000 | $ | 688 | $ | — | $ | 100,688 | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||
Municipal obligations | 195,662 | 1,137 | 5,291 | 191,508 | 164,493 | 16,017 | — | 180,510 | |||||||||||||||||||||||||
Mortgage-backed securities | 995,686 | 9,273 | 2,118 | 1,002,841 | 180,397 | 3,429 | — | 183,826 | |||||||||||||||||||||||||
CMOs | 1,374,734 | 2,615 | 18,519 | 1,358,830 | 1,323,128 | 23,942 | 941 | 1,346,129 | |||||||||||||||||||||||||
$ | 2,666,082 | $ | 13,713 | $ | 25,928 | $ | 2,653,867 | $ | 1,668,018 | $ | 43,388 | $ | 941 | $ | 1,710,465 | ||||||||||||||||||
During the third quarter of 2013, approximately $1.0 billion of securities available for sale were reclassified as securities held to maturity. Management determined that the reclassified securities were not needed for liquidity purposes and that the Company had the ability and intent to hold the securities to maturity. The reclassified securities consisted of mortgage-backed securities and CMOs. The securities were transferred at fair value on the date of their reclassification, which became the cost basis for the securities held to maturity. The unrealized net holding loss on the available for sale securities on the date of transfer totaled approximately $56.8 million, and continues to be reported, net of tax, as a component of accumulated other comprehensive income. This net unrealized loss will be amortized to interest income over the remaining life of the securities as a yield adjustment, which will serve to offset the impact of the accretion of the net discount created in the transfer. There were no gains or losses recognized as a result of this transfer. | |||||||||||||||||||||||||||||||||
The following table presents the amortized cost and fair value of debt securities at September 30, 2013 by final contractual maturity (in thousands). Actual maturities will differ from final contractual maturities because of scheduled and early principal payments on mortgage-backed securities and CMOs and rights to call or repay other obligations with or without penalties. | |||||||||||||||||||||||||||||||||
Amortized | Fair | ||||||||||||||||||||||||||||||||
Cost | Value | ||||||||||||||||||||||||||||||||
Debt Securities Available for Sale | |||||||||||||||||||||||||||||||||
Due in one year or less | $ | 23,895 | $ | 24,010 | |||||||||||||||||||||||||||||
Due after one year through five years | 130,419 | 130,124 | |||||||||||||||||||||||||||||||
Due after five years through ten years | 154,962 | 161,485 | |||||||||||||||||||||||||||||||
Due after ten years | 1,121,951 | 1,137,151 | |||||||||||||||||||||||||||||||
Total available for sale debt securities | $ | 1,431,227 | $ | 1,452,770 | |||||||||||||||||||||||||||||
Amortized | Fair | ||||||||||||||||||||||||||||||||
Cost | Value | ||||||||||||||||||||||||||||||||
Debt Securities Held to Maturity | |||||||||||||||||||||||||||||||||
Due in one year or less | $ | 107,697 | $ | 108,407 | |||||||||||||||||||||||||||||
Due after one year through five years | 669,896 | 655,554 | |||||||||||||||||||||||||||||||
Due after five years through ten years | 121,588 | 117,864 | |||||||||||||||||||||||||||||||
Due after ten years | 1,766,901 | 1,772,042 | |||||||||||||||||||||||||||||||
Total held to maturity securities | $ | 2,666,082 | $ | 2,653,867 | |||||||||||||||||||||||||||||
The Company held no securities classified as trading at September 30, 2013 or December 31, 2012. | |||||||||||||||||||||||||||||||||
The details for securities classified as available for sale with unrealized losses as of September 30, 2013 follow (in thousands): | |||||||||||||||||||||||||||||||||
Losses < 12 months | Losses 12 months or > | Total | |||||||||||||||||||||||||||||||
Gross | Gross | Gross | |||||||||||||||||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | ||||||||||||||||||||||||||||
Value | Losses | Value | Losses | Value | Losses | ||||||||||||||||||||||||||||
US Treasury and government agency securities | $ | — | $ | — | $ | 104 | $ | 1 | $ | 104 | $ | 1 | |||||||||||||||||||||
Municipal obligations | 13,647 | 122 | — | — | 13,647 | 122 | |||||||||||||||||||||||||||
Mortgage-backed securities | 144,859 | 6,488 | 379 | 7 | 145,238 | 6,495 | |||||||||||||||||||||||||||
CMOs | 45,032 | 1,256 | — | — | 45,032 | 1,256 | |||||||||||||||||||||||||||
Equity securities | 3,290 | 19 | 2 | 1 | 3,292 | 20 | |||||||||||||||||||||||||||
$ | 206,828 | $ | 7,885 | $ | 485 | $ | 9 | $ | 207,313 | $ | 7,894 | ||||||||||||||||||||||
The details for securities classified as available for sale with unrealized losses as of December 31, 2012 follows (in thousands): | |||||||||||||||||||||||||||||||||
Losses < 12 months | Losses 12 months or > | Total | |||||||||||||||||||||||||||||||
Gross | Gross | Gross | |||||||||||||||||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | ||||||||||||||||||||||||||||
Value | Losses | Value | Losses | Value | Losses | ||||||||||||||||||||||||||||
Municipal obligations | $ | 5,278 | $ | 14 | $ | — | $ | — | $ | 5,278 | $ | 14 | |||||||||||||||||||||
Mortgage-backed securities | 57,752 | 14 | 1,097 | 7 | 58,849 | 21 | |||||||||||||||||||||||||||
Equity securities | 268 | 2 | 2 | 2 | 270 | 4 | |||||||||||||||||||||||||||
$ | 63,298 | $ | 30 | $ | 1,099 | $ | 9 | $ | 64,397 | $ | 39 | ||||||||||||||||||||||
The details for securities classified as held to maturity with unrealized losses as of September 30, 2013 follows (in thousands): | |||||||||||||||||||||||||||||||||
Losses < 12 months | Losses 12 months or > | Total | |||||||||||||||||||||||||||||||
Gross | Gross | Gross | |||||||||||||||||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | ||||||||||||||||||||||||||||
Value | Losses | Value | Losses | Value | Losses | ||||||||||||||||||||||||||||
Municpal obligations | $ | 115,901 | $ | 5,252 | $ | 1,253 | $ | 39 | $ | 117,154 | $ | 5,291 | |||||||||||||||||||||
Mortgage-backed securities | 147,019 | 2,118 | — | — | 147,019 | 2,118 | |||||||||||||||||||||||||||
CMOs | 720,157 | 17,377 | 280,855 | 1,142 | 1,001,012 | 18,519 | |||||||||||||||||||||||||||
$ | 983,077 | $ | 24,747 | $ | 282,108 | $ | 1,181 | $ | 1,265,185 | $ | 25,928 | ||||||||||||||||||||||
The details for securities classified as held to maturity with unrealized losses as of December 31, 2012 follows (in thousands): | |||||||||||||||||||||||||||||||||
Losses < 12 months | Losses 12 months or > | Total | |||||||||||||||||||||||||||||||
Gross | Gross | Gross | |||||||||||||||||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | ||||||||||||||||||||||||||||
Value | Losses | Value | Losses | Value | Losses | ||||||||||||||||||||||||||||
CMOs | $ | 87,852 | $ | 259 | $ | 54,445 | $ | 682 | $ | 142,297 | $ | 941 | |||||||||||||||||||||
$ | 87,852 | $ | 259 | $ | 54,445 | $ | 682 | $ | 142,297 | $ | 941 | ||||||||||||||||||||||
Substantially all of the unrealized losses relate to changes in market rates on fixed-rate debt securities since the respective purchase dates. In all cases, the indicated impairment 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 obligor’s ability to meet contractual obligations. The Company has adequate liquidity and, therefore, does not plan to and, more likely than not, will not be required to sell these securities before full recovery of the indicated impairment. Accordingly, the unrealized losses on these securities have been determined to be temporary. | |||||||||||||||||||||||||||||||||
Securities with carrying values totaling $2.6 billion at both September 30, 2013 and December 31, 2012 were pledged primarily to secure public deposits or securities sold under agreements to repurchase. | |||||||||||||||||||||||||||||||||
Loans_and_Allowance_for_Loan_L
Loans and Allowance for Loan Losses | 9 Months Ended | ||||||||||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||||||||||
Receivables [Abstract] | ' | ||||||||||||||||||||||||||||||||
Loans and Allowance for Loan Losses | ' | ||||||||||||||||||||||||||||||||
3. Loans and Allowance for Loan Losses | |||||||||||||||||||||||||||||||||
Loans, net of unearned income, consisted of the following: | |||||||||||||||||||||||||||||||||
September 30, | December 31, | ||||||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||||||
Originated loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | $ | 3,633,490 | $ | 2,713,385 | |||||||||||||||||||||||||||||
Construction and land development | 738,983 | 665,673 | |||||||||||||||||||||||||||||||
Commercial real estate | 1,816,402 | 1,548,402 | |||||||||||||||||||||||||||||||
Residential mortgages | 1,124,649 | 827,985 | |||||||||||||||||||||||||||||||
Consumer | 1,387,243 | 1,351,776 | |||||||||||||||||||||||||||||||
Total originated loans | $ | 8,700,767 | $ | 7,107,221 | |||||||||||||||||||||||||||||
Acquired loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | $ | 967,485 | $ | 1,690,643 | |||||||||||||||||||||||||||||
Construction and land development | 158,228 | 295,151 | |||||||||||||||||||||||||||||||
Commercial real estate | 1,038,287 | 1,279,546 | |||||||||||||||||||||||||||||||
Residential mortgages | 347,054 | 486,444 | |||||||||||||||||||||||||||||||
Consumer | 130,649 | 202,974 | |||||||||||||||||||||||||||||||
Total acquired loans | $ | 2,641,703 | $ | 3,954,758 | |||||||||||||||||||||||||||||
Covered loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | $ | 24,340 | $ | 29,260 | |||||||||||||||||||||||||||||
Construction and land development | 23,197 | 28,482 | |||||||||||||||||||||||||||||||
Commercial real estate | 60,280 | 95,146 | |||||||||||||||||||||||||||||||
Residential mortgages | 223,494 | 263,515 | |||||||||||||||||||||||||||||||
Consumer | 60,691 | 99,420 | |||||||||||||||||||||||||||||||
Total covered loans | $ | 392,002 | $ | 515,823 | |||||||||||||||||||||||||||||
Total loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | $ | 4,625,315 | $ | 4,433,288 | |||||||||||||||||||||||||||||
Construction and land development | 920,408 | 989,306 | |||||||||||||||||||||||||||||||
Commercial real estate | 2,914,969 | 2,923,094 | |||||||||||||||||||||||||||||||
Residential mortgages | 1,695,197 | 1,577,944 | |||||||||||||||||||||||||||||||
Consumer | 1,578,583 | 1,654,170 | |||||||||||||||||||||||||||||||
Total loans | $ | 11,734,472 | $ | 11,577,802 | |||||||||||||||||||||||||||||
The following briefly describes the distinction between originated, acquired and covered loans and certain significant accounting policies relevant to each category. | |||||||||||||||||||||||||||||||||
Originated loans | |||||||||||||||||||||||||||||||||
Loans originated for investment are reported at the principal balance outstanding net of unearned income. Interest on loans and accretion of unearned income are computed in a manner that approximates a level yield on recorded principal. Interest on loans is recorded as income as earned. The accrual of interest on an originated loan is discontinued when it is probable that the borrower will not be able to meet payment obligations as they become due. The Company maintains an allowance for loan losses on originated loans that represents management’s estimate of probable losses incurred in this portfolio category. The methodology for estimating the allowance is described in Note 1 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2012. See Note 1 elsewhere in this document for updates to the allowance methodology for originated and acquired-performing loans. As actual losses are incurred, they are charged against the allowance. Subsequent recoveries are added back to the allowance when collected. | |||||||||||||||||||||||||||||||||
Acquired loans | |||||||||||||||||||||||||||||||||
Acquired loans are those loans that were purchased in the Whitney Holding Corporation acquisition on June 4, 2011. These loans were recorded at estimated fair value at the acquisition date with no carryover of the related allowance for loan losses. The acquired loans were segregated between those considered to be performing (“acquired-performing”) and those with evidence of credit deterioration (“acquired-impaired”), and then further segregated into loan pools designed to facilitate the development of expected cash flows. The factors considered in segregating the acquired portfolio are detailed in Note 1 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2012. The fair value estimate for each pool of acquired-performing and acquired-impaired loans was based on the estimate of expected cash flows, both principal and interest, from that pool, discounted at prevailing market interest 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. Management estimates an allowance for loan losses for acquired-performing loans using a methodology similar to that used for originated loans. The allowance determined for each loan pool is compared to the remaining fair value discount for that pool. If the allowance is greater than the fair value discount, the excess is added to the reported allowance through a provision for loan losses. If the allowance is less than the fair value discount, no additional allowance or provision is recognized. Actual losses first reduce any remaining fair value discount for the loan pool. Once the discount is fully depleted, losses are applied against the allowance established for that pool. Acquired-performing loans are placed on nonaccrual status and considered and reported as nonperforming or past due using the same criteria applied to the originated portfolio. | |||||||||||||||||||||||||||||||||
The excess of 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 remaining life of the 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 individual loans within the pool may be in doubt, because the pool is the unit of accounting. Management recasts the estimate of cash flows expected to be collected on each acquired-impaired loan pool at each reporting date. If the present value of expected cash flows for a pool is less than its carrying value, impairment is recognized by an increase in the allowance for loan losses and a charge to the provision for loan losses. If the present value of expected cash flows for a pool is greater than its carrying value, any previously established allowance for loan losses is reversed and any remaining difference increases the accretable yield which will be taken into interest income over the remaining life of the loan pool. 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. | |||||||||||||||||||||||||||||||||
Covered loans and the related loss share receivable | |||||||||||||||||||||||||||||||||
The loans purchased in the 2009 acquisition of Peoples First Community Bank (Peoples First) are covered by two loss share agreements between the FDIC and the Company that afford the Company significant loss protection. These covered loans are accounted for as acquired-impaired loans as described above. The loss share receivable is measured separately from the related covered loans as it is not contractually embedded in the loans and is not transferable if the loans are sold. The fair value of the loss share receivable at acquisition was estimated by discounting projected cash flows related to the loss share agreements based on the expected reimbursements for losses using the applicable loss share percentages, including appropriate consideration of possible true-up payments to the FDIC at the expiration of the agreements. The discounted amount is accreted into non-interest income over the shorter of the remaining life of the covered loan pool or the life of the loss share agreement. | |||||||||||||||||||||||||||||||||
The loss share receivable is reviewed and updated prospectively as loss estimates related to the covered loans change. Increases in expected reimbursements under the loss sharing agreements from a covered loan pool 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 pool with the remainder reflected as a reduction in the loss share receivable’s accretion rate. Increases and decreases in the loss share receivable can result in reductions in or additions to the provision for loan losses, which serve to offset the impact on the provision from impairment recognized on the underlying covered loan pool and reversals of previously recognized impairment. The impact on operations of a reduction in the loss share receivable’s accretion rate is associated with an increase in the accretable yield on the underlying loan pool. | |||||||||||||||||||||||||||||||||
The following schedule shows activity in the loss share receivable for the nine months ended September 30, 2013 and 2012 (in thousands): | |||||||||||||||||||||||||||||||||
Nine Months Ended | |||||||||||||||||||||||||||||||||
September 30, | September 30, | ||||||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||||||
Balance, January 1 | $ | 177,844 | $ | 231,085 | |||||||||||||||||||||||||||||
Accretion (amortization) | (590 | ) | 5,000 | ||||||||||||||||||||||||||||||
Charge-offs, write-downs and other losses | (190 | ) | 36,685 | ||||||||||||||||||||||||||||||
External expenses qualifying under loss share agreement | 7,918 | 7,422 | |||||||||||||||||||||||||||||||
Payments received from the FDIC | (60,886 | ) | (84,130 | ) | |||||||||||||||||||||||||||||
Ending balance | $ | 124,096 | $ | 196,062 | |||||||||||||||||||||||||||||
In the following discussion and tables, certain disaggregated information was not available for the commercial non-real estate, construction and land development and commercial real estate loan categories for 2012. In these instances, combined information for these categories is provided under the caption “commercial loans.” | |||||||||||||||||||||||||||||||||
The following schedule shows activity in the allowance for loan losses by portfolio segment for the nine months ended September 30, 2013 and September 30, 2012 as well as the corresponding recorded investment in loans at the end of each period. | |||||||||||||||||||||||||||||||||
Construction | |||||||||||||||||||||||||||||||||
Commercial | and land | Commercial | Residential | ||||||||||||||||||||||||||||||
non-real estate | development | real estate | mortgages | Consumer | Total | ||||||||||||||||||||||||||||
(In thousands) | Nine Months Ended September 30, 2013 | ||||||||||||||||||||||||||||||||
Originated loans | |||||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||
Beginning balance | $ | 20,775 | $ | 11,415 | $ | 26,959 | $ | 6,406 | $ | 13,219 | $ | 78,774 | |||||||||||||||||||||
Charge-offs | (5,199 | ) | (7,548 | ) | (3,718 | ) | (1,549 | ) | (13,372 | ) | (31,386 | ) | |||||||||||||||||||||
Recoveries | 3,381 | 1,243 | 2,340 | 991 | 4,336 | 12,291 | |||||||||||||||||||||||||||
Net provision for loan losses | 11,152 | 2,072 | (3,698 | ) | 64 | 8,152 | 17,742 | ||||||||||||||||||||||||||
Ending balance | $ | 30,109 | $ | 7,182 | $ | 21,883 | $ | 5,912 | $ | 12,335 | $ | 77,421 | |||||||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 325 | $ | 211 | $ | 946 | $ | — | $ | — | $ | 1,482 | |||||||||||||||||||||
Collectively evaluated for impairment | $ | 29,784 | $ | 6,971 | $ | 20,937 | $ | 5,912 | $ | 12,335 | $ | 75,939 | |||||||||||||||||||||
Loans: | |||||||||||||||||||||||||||||||||
Ending balance: | $ | 3,633,490 | $ | 738,983 | $ | 1,816,402 | $ | 1,124,649 | $ | 1,387,243 | $ | 8,700,767 | |||||||||||||||||||||
Individually evaluated for impairment | $ | 8,911 | $ | 16,044 | $ | 21,170 | $ | — | $ | — | $ | 46,125 | |||||||||||||||||||||
Collectively evaluated for impairment | $ | 3,624,579 | $ | 722,939 | $ | 1,795,232 | $ | 1,124,649 | $ | 1,387,243 | $ | 8,654,642 | |||||||||||||||||||||
Acquired loans | |||||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||
Beginning balance | $ | 788 | $ | — | $ | — | $ | — | $ | — | $ | 788 | |||||||||||||||||||||
Charge-offs | — | — | — | — | — | — | |||||||||||||||||||||||||||
Recoveries | — | — | — | — | — | — | |||||||||||||||||||||||||||
Net provision for loan losses | (788 | ) | — | 463 | — | — | (325 | ) | |||||||||||||||||||||||||
Ending balance | $ | — | $ | — | $ | 463 | $ | — | $ | — | $ | 463 | |||||||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | — | $ | — | $ | 463 | $ | — | $ | — | $ | 463 | |||||||||||||||||||||
Collectively evaluated for impairment | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||||||
Acquired-impaired | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||||||
Loans: | |||||||||||||||||||||||||||||||||
Ending balance: | $ | 967,485 | $ | 158,228 | $ | 1,038,287 | $ | 347,054 | $ | 130,649 | $ | 2,641,703 | |||||||||||||||||||||
Individually evaluated for impairment | $ | 2,179 | $ | 730 | $ | 2,371 | $ | 502 | $ | — | $ | 5,782 | |||||||||||||||||||||
Collectively evaluated for impairment | $ | 946,339 | $ | 142,418 | $ | 1,010,484 | $ | 341,165 | $ | 130,544 | $ | 2,570,950 | |||||||||||||||||||||
Acquired-impaired | $ | 18,967 | $ | 15,080 | $ | 25,432 | $ | 5,387 | $ | 105 | $ | 64,971 | |||||||||||||||||||||
Construction | |||||||||||||||||||||||||||||||||
Commercial | and land | Commercial | Residential | ||||||||||||||||||||||||||||||
non-real estate | development | real estate | mortgages | Consumer | Total | ||||||||||||||||||||||||||||
(In thousands) | Nine Months Ended September 30, 2013 | ||||||||||||||||||||||||||||||||
Covered loans | |||||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||
Beginning balance | $ | 2,162 | $ | 5,623 | $ | 9,433 | $ | 30,471 | $ | 8,920 | $ | 56,609 | |||||||||||||||||||||
Charge-offs | (681 | ) | (1,784 | ) | (4,316 | ) | (947 | ) | (1,145 | ) | (8,873 | ) | |||||||||||||||||||||
Recoveries | 90 | 554 | 2,395 | 13 | 67 | 3,119 | |||||||||||||||||||||||||||
Net provision for loan losses (a) | (328 | ) | (1,600 | ) | 1,197 | 4,723 | 3,995 | 7,987 | |||||||||||||||||||||||||
Increase in FDIC loss share receivable (a) | 447 | (314 | ) | (732 | ) | 1,261 | 835 | 1,497 | |||||||||||||||||||||||||
Ending balance | $ | 1,690 | $ | 2,479 | $ | 7,977 | $ | 35,521 | $ | 12,672 | $ | 60,339 | |||||||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||||||
Collectively evaluated for impairment | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||||||
Amounts related to loans acquired with deteriorated credit quality | $ | 1,690 | $ | 2,479 | $ | 7,977 | $ | 35,521 | $ | 12,672 | $ | 60,339 | |||||||||||||||||||||
Loans: | |||||||||||||||||||||||||||||||||
Ending balance: | $ | 24,340 | $ | 23,197 | $ | 60,280 | $ | 223,494 | $ | 60,691 | $ | 392,002 | |||||||||||||||||||||
Individually evaluated for impairment | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||||||
Collectively evaluated for impairment | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||||||
Acquired-impaired | $ | 24,340 | $ | 23,197 | $ | 60,280 | $ | 223,494 | $ | 60,691 | $ | 392,002 | |||||||||||||||||||||
Total loans | |||||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||
Beginning balance | $ | 23,725 | $ | 17,038 | $ | 36,392 | $ | 36,877 | $ | 22,139 | $ | 136,171 | |||||||||||||||||||||
Charge-offs | (5,880 | ) | (9,332 | ) | (8,034 | ) | (2,496 | ) | (14,517 | ) | (40,259 | ) | |||||||||||||||||||||
Recoveries | 3,471 | 1,797 | 4,735 | 1,004 | 4,403 | 15,410 | |||||||||||||||||||||||||||
Net provision for loan losses (a) | 10,036 | 472 | (2,038 | ) | 4,787 | 12,147 | 25,404 | ||||||||||||||||||||||||||
Increase in FDIC loss share receivable (a) | 447 | (314 | ) | (732 | ) | 1,261 | 835 | 1,497 | |||||||||||||||||||||||||
Ending balance | $ | 31,799 | $ | 9,661 | $ | 30,323 | $ | 41,433 | $ | 25,007 | $ | 138,223 | |||||||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 325 | $ | 211 | $ | 1,409 | $ | — | $ | — | $ | 1,945 | |||||||||||||||||||||
Collectively evaluated for impairment | $ | 29,784 | $ | 6,971 | $ | 20,937 | $ | 5,912 | $ | 12,335 | $ | 75,939 | |||||||||||||||||||||
Acquired-impaired | $ | 1,690 | $ | 2,479 | $ | 7,977 | $ | 35,521 | $ | 12,672 | $ | 60,339 | |||||||||||||||||||||
Loans: | |||||||||||||||||||||||||||||||||
Ending balance: | $ | 4,625,315 | $ | 920,408 | $ | 2,914,969 | $ | 1,695,197 | $ | 1,578,583 | $ | 11,734,472 | |||||||||||||||||||||
Individually evaluated for impairment | $ | 11,090 | $ | 16,774 | $ | 23,541 | $ | 502 | $ | — | $ | 51,907 | |||||||||||||||||||||
Collectively evaluated for impairment | $ | 4,570,918 | $ | 865,357 | $ | 2,805,716 | $ | 1,465,814 | $ | 1,517,787 | $ | 11,225,592 | |||||||||||||||||||||
Acquired-impaired | $ | 43,307 | $ | 38,277 | $ | 85,712 | $ | 228,881 | $ | 60,796 | $ | 456,973 | |||||||||||||||||||||
(a) | The $8.0 million provision expense for impairment on certain pools of covered loans is reported net of the benefit attributable to the FDIC loss share agreement as reflected by the related increase in the loss share receivable. | ||||||||||||||||||||||||||||||||
Residential | |||||||||||||||||||||||||||||||||
Commercial | mortgages | Consumer | Total | ||||||||||||||||||||||||||||||
(In thousands) | Nine Months Ended September 30, 2012 | ||||||||||||||||||||||||||||||||
Originated loans | |||||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||
Beginning balance | $ | 60,211 | $ | 4,894 | $ | 18,141 | $ | 83,246 | |||||||||||||||||||||||||
Charge-offs | (18,036 | ) | (4,889 | ) | (11,663 | ) | (34,588 | ) | |||||||||||||||||||||||||
Recoveries | 4,225 | 310 | 3,060 | 7,595 | |||||||||||||||||||||||||||||
Net provision for loan losses | 12,618 | 4,336 | 6,542 | 23,496 | |||||||||||||||||||||||||||||
Ending balance | $ | 59,018 | $ | 4,651 | $ | 16,080 | $ | 79,749 | |||||||||||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 8,469 | $ | 133 | $ | — | $ | 8,602 | |||||||||||||||||||||||||
Collectively evaluated for impairment | $ | 50,549 | $ | 4,518 | $ | 16,080 | $ | 71,147 | |||||||||||||||||||||||||
Loans: | |||||||||||||||||||||||||||||||||
Ending balance: | $ | 4,465,736 | $ | 757,471 | $ | 1,357,987 | $ | 6,581,194 | |||||||||||||||||||||||||
Individually evaluated for impairment | $ | 78,337 | $ | 7,524 | $ | — | $ | 85,861 | |||||||||||||||||||||||||
Collectively evaluated for impairment | $ | 4,387,399 | $ | 749,947 | $ | 1,357,987 | $ | 6,495,333 | |||||||||||||||||||||||||
Covered loans | |||||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||
Beginning balance | $ | 18,203 | $ | 9,024 | $ | 14,408 | $ | 41,635 | |||||||||||||||||||||||||
Charge-offs | (22,839 | ) | — | — | (22,839 | ) | |||||||||||||||||||||||||||
Recoveries | — | — | — | — | |||||||||||||||||||||||||||||
Net provision for loan losses (a) | 12,744 | 2,196 | (12,295 | ) | 2,645 | ||||||||||||||||||||||||||||
Increase in FDIC loss share receivable (a) | 22,650 | 11,189 | 562 | 34,401 | |||||||||||||||||||||||||||||
Ending balance | $ | 30,758 | $ | 22,409 | $ | 2,675 | $ | 55,842 | |||||||||||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||||||||||
Collectively evaluated for impairment | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||||||||||
Acquired-impaired | $ | 30,758 | $ | 22,409 | $ | 2,675 | $ | 55,842 | |||||||||||||||||||||||||
Loans: | |||||||||||||||||||||||||||||||||
Ending balance: | $ | 176,724 | $ | 271,618 | $ | 107,390 | $ | 555,732 | |||||||||||||||||||||||||
Individually evaluated for impairment | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||||||||||
Collectively evaluated for impairment | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||||||||||
Acquired-impaired | $ | 176,724 | $ | 271,618 | $ | 107,390 | $ | 555,732 | |||||||||||||||||||||||||
Commercial | Residential | Consumer | Total | ||||||||||||||||||||||||||||||
mortgages | |||||||||||||||||||||||||||||||||
(In thousands) | Nine Months Ended September 30, 2012 | ||||||||||||||||||||||||||||||||
Total loans | |||||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||
Beginning balance | $ | 78,414 | $ | 13,918 | $ | 32,549 | $ | 124,881 | |||||||||||||||||||||||||
Charge-offs | (40,875 | ) | (4,889 | ) | (11,663 | ) | (57,427 | ) | |||||||||||||||||||||||||
Recoveries | 4,225 | 310 | 3,060 | 7,595 | |||||||||||||||||||||||||||||
Net provision for loan losses (a) | 25,362 | 6,532 | (5,753 | ) | 26,141 | ||||||||||||||||||||||||||||
Increase in FDIC loss share receivable (a) | 22,650 | 11,189 | 562 | 34,401 | |||||||||||||||||||||||||||||
Ending balance | $ | 89,776 | $ | 27,060 | $ | 18,755 | $ | 135,591 | |||||||||||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 8,469 | $ | 133 | $ | — | $ | 8,602 | |||||||||||||||||||||||||
Collectively evaluated for impairment | $ | 50,549 | $ | 4,518 | $ | 16,080 | $ | 71,147 | |||||||||||||||||||||||||
Acquired-impaired | $ | 30,758 | $ | 22,409 | $ | 2,675 | $ | 55,842 | |||||||||||||||||||||||||
Loans: | |||||||||||||||||||||||||||||||||
Ending balance: | $ | 8,187,469 | $ | 1,561,640 | $ | 1,685,339 | $ | 11,434,448 | |||||||||||||||||||||||||
Individually evaluated for impairment | $ | 78,337 | $ | 7,524 | $ | — | $ | 85,861 | |||||||||||||||||||||||||
Collectively evaluated for impairment (b) | $ | 7,758,832 | $ | 1,259,767 | $ | 1,577,265 | $ | 10,595,864 | |||||||||||||||||||||||||
Acquired-impaired | $ | 350,300 | $ | 294,349 | $ | 108,074 | $ | 752,723 | |||||||||||||||||||||||||
(a) | The $2.6 million provision expense for impairment on certain pools of covered loans is reported net of the benefit attributable to the FDIC loss share agreements as reflected by the related increase in the loss share receivable. | ||||||||||||||||||||||||||||||||
(b) | In accordance with purchase accounting rules, acquired non-impaired loans were recorded at their fair value at the time of acquisition with no carryover of losses and are included in the ending balance of loans collectively evaluated for impairment. No allowance had been established on these acquired loans as of September 30, 2012. | ||||||||||||||||||||||||||||||||
The following tables show the composition of nonaccrual loans by portfolio segment and class. Acquired-impaired and certain covered loans are considered to be performing due to the application of the accretion method and are excluded from the table. Covered loans accounted for using the cost recovery method do not have an accretable yield and are disclosed below as nonaccrual loans. Acquired-performing loans that have subsequently been placed on nonaccrual status are also disclosed below. | |||||||||||||||||||||||||||||||||
(In thousands) | September 30, | December 31, | |||||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||||||
Originated loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | $ | 14,118 | $ | 18,941 | |||||||||||||||||||||||||||||
Construction and land development | 19,817 | 32,777 | |||||||||||||||||||||||||||||||
Commercial real estate | 39,695 | 40,190 | |||||||||||||||||||||||||||||||
Residential mortgages | 13,148 | 7,705 | |||||||||||||||||||||||||||||||
Consumer | 4,684 | 3,815 | |||||||||||||||||||||||||||||||
Total originated loans | $ | 91,462 | $ | 103,428 | |||||||||||||||||||||||||||||
Acquired loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | $ | 3,381 | $ | 4,326 | |||||||||||||||||||||||||||||
Construction and land development | 2,025 | 5,967 | |||||||||||||||||||||||||||||||
Commercial real estate | 6,123 | 6,609 | |||||||||||||||||||||||||||||||
Residential mortgages | 9,664 | 10,551 | |||||||||||||||||||||||||||||||
Consumer | 1,890 | 2,634 | |||||||||||||||||||||||||||||||
Total acquired loans | $ | 23,083 | $ | 30,087 | |||||||||||||||||||||||||||||
Covered loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | $ | 3 | $ | — | |||||||||||||||||||||||||||||
Construction and land development | 2,624 | 2,487 | |||||||||||||||||||||||||||||||
Commercial real estate | 1,179 | 1,220 | |||||||||||||||||||||||||||||||
Residential mortgages | 942 | 393 | |||||||||||||||||||||||||||||||
Consumer | 415 | — | |||||||||||||||||||||||||||||||
Total covered loans | $ | 5,163 | $ | 4,100 | |||||||||||||||||||||||||||||
Total loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | $ | 17,502 | $ | 23,267 | |||||||||||||||||||||||||||||
Construction and land development | 24,466 | 41,231 | |||||||||||||||||||||||||||||||
Commercial real estate | 46,997 | 48,019 | |||||||||||||||||||||||||||||||
Residential mortgages | 23,754 | 18,649 | |||||||||||||||||||||||||||||||
Consumer | 6,989 | 6,449 | |||||||||||||||||||||||||||||||
Total loans | $ | 119,708 | $ | 137,615 | |||||||||||||||||||||||||||||
The amount of interest that would have been recognized on nonaccrual loans for the nine months ended September 30, 2013 was approximately $4.9 million. Interest actually received and taken into income on nonaccrual loans during the nine months ended September 30, 2013 was $4.1 million. | |||||||||||||||||||||||||||||||||
Included in nonaccrual loans at September 30, 2013 is $19.1 million in restructured commercial loans. Total troubled debt restructurings (TDRs) were $29.7 million as of September 30, 2013 and $32.2 million at December 31, 2012. Individual acquired and covered impaired loans modified post-acquisition are not removed from their accounting pool and accounted for as TDRs, even if those loans would otherwise be deemed TDRs. | |||||||||||||||||||||||||||||||||
The table below details TDRs that occurred during the nine months ended September 30, 2013 and September 30, 2012 by portfolio segment and TDRs that subsequently defaulted within twelve months of modification (dollar amounts in thousands). All troubled debt restructurings are rated substandard and individually evaluated for impairment. | |||||||||||||||||||||||||||||||||
Nine Months Ended | |||||||||||||||||||||||||||||||||
September 30, 2013 | September 30, 2012 | ||||||||||||||||||||||||||||||||
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 | 1 | $ | 926 | $ | 913 | 1 | $ | 790 | $ | 790 | |||||||||||||||||||||||
Construction and land development | — | — | — | — | — | — | |||||||||||||||||||||||||||
Commercial real estate | 4 | 1,332 | 1,270 | 9 | 9,475 | 8,582 | |||||||||||||||||||||||||||
Residential mortgages | 1 | 456 | 343 | 2 | 711 | 561 | |||||||||||||||||||||||||||
Consumer | — | — | — | — | — | — | |||||||||||||||||||||||||||
Total originated loans | 6 | $ | 2,714 | $ | 2,526 | 12 | $ | 10,976 | $ | 9,933 | |||||||||||||||||||||||
Aquired loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | — | $ | — | $ | — | — | $ | — | $ | — | |||||||||||||||||||||||
Construction and land development | — | — | — | — | — | — | |||||||||||||||||||||||||||
Commercial real estate | 1 | 512 | 476 | — | — | — | |||||||||||||||||||||||||||
Residential mortgages | 1 | 514 | 500 | — | — | — | |||||||||||||||||||||||||||
Consumer | — | — | — | — | — | — | |||||||||||||||||||||||||||
Total acquired loans | 2 | $ | 1,026 | $ | 976 | — | $ | — | $ | — | |||||||||||||||||||||||
Covered loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | — | $ | — | $ | — | — | $ | — | $ | — | |||||||||||||||||||||||
Construction and land development | — | — | — | — | — | — | |||||||||||||||||||||||||||
Commercial real estate | — | — | — | — | — | — | |||||||||||||||||||||||||||
Residential mortgages | — | — | — | — | — | — | |||||||||||||||||||||||||||
Consumer | — | — | — | — | — | — | |||||||||||||||||||||||||||
Total covered loans | — | $ | — | $ | — | — | $ | — | $ | — | |||||||||||||||||||||||
Total loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | 1 | $ | 926 | $ | 913 | 1 | $ | 790 | $ | 790 | |||||||||||||||||||||||
Construction and land development | — | — | — | — | — | — | |||||||||||||||||||||||||||
Commercial real estate | 5 | 1,844 | 1,746 | 9 | 9,475 | 8,582 | |||||||||||||||||||||||||||
Residential mortgages | 2 | 970 | 843 | 2 | 711 | 561 | |||||||||||||||||||||||||||
Consumer | — | — | — | — | — | — | |||||||||||||||||||||||||||
Total loans | 8 | $ | 3,740 | $ | 3,502 | 12 | $ | 10,976 | $ | 9,933 | |||||||||||||||||||||||
Nine Months Ended | |||||||||||||||||||||||||||||||||
September 30, 2013 | September 30, 2012 | ||||||||||||||||||||||||||||||||
Troubled Debt Restructurings That Subsequently Defaulted: | Number of | Recorded | Number of | Recorded | |||||||||||||||||||||||||||||
Contracts | Investment | Contracts | Investment | ||||||||||||||||||||||||||||||
Originated loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | — | $ | — | — | $ | — | |||||||||||||||||||||||||||
Construction and land development | — | — | — | — | |||||||||||||||||||||||||||||
Commercial real estate | — | — | 2 | 1,787 | |||||||||||||||||||||||||||||
Residential mortgages | — | — | — | — | |||||||||||||||||||||||||||||
Consumer | — | — | — | — | |||||||||||||||||||||||||||||
Total originated loans | — | $ | — | 2 | $ | 1,787 | |||||||||||||||||||||||||||
Aquired loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | — | $ | — | — | $ | — | |||||||||||||||||||||||||||
Construction and land development | — | — | — | — | |||||||||||||||||||||||||||||
Commercial real estate | — | — | — | — | |||||||||||||||||||||||||||||
Residential mortgages | — | — | — | — | |||||||||||||||||||||||||||||
Consumer | — | — | — | — | |||||||||||||||||||||||||||||
Total acquired loans | — | $ | — | — | $ | — | |||||||||||||||||||||||||||
Covered loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | — | $ | — | — | $ | — | |||||||||||||||||||||||||||
Construction and land development | — | — | — | — | |||||||||||||||||||||||||||||
Commercial real estate | — | — | — | — | |||||||||||||||||||||||||||||
Residential mortgages | — | — | — | — | |||||||||||||||||||||||||||||
Consumer | — | — | — | — | |||||||||||||||||||||||||||||
Total covered loans | — | $ | — | — | $ | — | |||||||||||||||||||||||||||
Total loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | — | $ | — | — | $ | — | |||||||||||||||||||||||||||
Construction and land development | — | — | — | — | |||||||||||||||||||||||||||||
Commercial real estate | — | — | 2 | 1,787 | |||||||||||||||||||||||||||||
Residential mortgages | — | — | — | — | |||||||||||||||||||||||||||||
Consumer | — | — | — | — | |||||||||||||||||||||||||||||
Total loans | — | $ | — | 2 | $ | 1,787 | |||||||||||||||||||||||||||
Loans that are risk rated substandard and doubtful are reviewed for impairment. Those loans that are determined to be impaired and greater than $1 million are individually evaluated for impairment. The tables below present loans that are individually evaluated for impairment disaggregated by class at September 30, 2013 and December 31, 2012: | |||||||||||||||||||||||||||||||||
Unpaid | Average | Interest | |||||||||||||||||||||||||||||||
Recorded | Principal | Related | Recorded | Income | |||||||||||||||||||||||||||||
September 30, 2013 | Investment | Balance | Allowance | Investment | Recognized | ||||||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||||||
Originated loans: | |||||||||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | $ | 848 | $ | 1,073 | $ | — | $ | 212 | $ | 12 | |||||||||||||||||||||||
Construction and land development | 9,798 | 11,431 | — | 2,450 | 53 | ||||||||||||||||||||||||||||
Commercial real estate | 6,608 | 8,430 | — | 18,527 | 344 | ||||||||||||||||||||||||||||
Residential mortgages | — | — | — | 328 | — | ||||||||||||||||||||||||||||
Consumer | — | — | — | 1,267 | — | ||||||||||||||||||||||||||||
17,254 | 20,934 | — | 22,784 | 409 | |||||||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | 8,063 | 8,365 | 325 | 9,929 | 167 | ||||||||||||||||||||||||||||
Construction and land development | 6,246 | 6,246 | 211 | 1,562 | 40 | ||||||||||||||||||||||||||||
Commercial real estate | 14,562 | 14,866 | 946 | 22,427 | 413 | ||||||||||||||||||||||||||||
Residential mortgages | — | — | — | 134 | — | ||||||||||||||||||||||||||||
Consumer | — | — | — | 1,281 | — | ||||||||||||||||||||||||||||
28,871 | 29,477 | 1,482 | 35,333 | 620 | |||||||||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | 8,911 | 9,438 | 325 | 10,141 | 179 | ||||||||||||||||||||||||||||
Construction and land development | 16,044 | 17,677 | 211 | 4,012 | 93 | ||||||||||||||||||||||||||||
Commercial real estate | 21,170 | 23,296 | 946 | 40,954 | 757 | ||||||||||||||||||||||||||||
Residential mortgages | — | — | — | 462 | — | ||||||||||||||||||||||||||||
Consumer | — | — | — | 2,548 | — | ||||||||||||||||||||||||||||
Total originated loans | $ | 46,125 | $ | 50,411 | $ | 1,482 | $ | 58,117 | $ | 1,029 | |||||||||||||||||||||||
Acquired loans: | |||||||||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | $ | 2,179 | $ | 2,186 | $ | — | $ | 545 | $ | — | |||||||||||||||||||||||
Construction and land development | 730 | 754 | — | 183 | — | ||||||||||||||||||||||||||||
Commercial real estate | 476 | 486 | — | 1,079 | 47 | ||||||||||||||||||||||||||||
Residential mortgages | 502 | 509 | — | 382 | — | ||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | ||||||||||||||||||||||||||||
3,887 | 3,935 | — | 2,189 | 47 | |||||||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | — | — | — | 3,434 | 63 | ||||||||||||||||||||||||||||
Construction and land development | — | — | — | 197 | — | ||||||||||||||||||||||||||||
Commercial real estate | 1,895 | 1,931 | 463 | 3,328 | — | ||||||||||||||||||||||||||||
Residential mortgages | — | — | — | 1,057 | — | ||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | ||||||||||||||||||||||||||||
1,895 | 1,931 | 463 | 8,016 | 63 | |||||||||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | 2,179 | 2,186 | — | 3,979 | 63 | ||||||||||||||||||||||||||||
Construction and land development | 730 | 754 | — | 380 | — | ||||||||||||||||||||||||||||
Commercial real estate | 2,371 | 2,417 | 463 | 4,407 | 47 | ||||||||||||||||||||||||||||
Residential mortgages | 502 | 509 | — | 1,439 | — | ||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | ||||||||||||||||||||||||||||
Total acquired loans | $ | 5,782 | $ | 5,866 | $ | 463 | $ | 10,205 | $ | 110 | |||||||||||||||||||||||
Unpaid | Average | Interest | |||||||||||||||||||||||||||||||
Recorded | Principal | Related | Recorded | Income | |||||||||||||||||||||||||||||
September 30, 2013 | Investment | Balance | Allowance | Investment | Recognized | ||||||||||||||||||||||||||||
Covered 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 | — | — | — | — | — | ||||||||||||||||||||||||||||
Residential mortgages | — | — | — | — | — | ||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | ||||||||||||||||||||||||||||
— | — | — | — | — | |||||||||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | — | — | — | — | — | ||||||||||||||||||||||||||||
Construction and land development | — | — | — | — | — | ||||||||||||||||||||||||||||
Commercial real estate | — | — | — | — | — | ||||||||||||||||||||||||||||
Residential mortgages | — | — | — | — | — | ||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | ||||||||||||||||||||||||||||
Total covered loans | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||||||||
Total loans: | |||||||||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | $ | 3,027 | $ | 3,259 | $ | — | $ | 757 | $ | 12 | |||||||||||||||||||||||
Construction and land development | 10,528 | 12,185 | — | 2,633 | 53 | ||||||||||||||||||||||||||||
Commercial real estate | 7,084 | 8,916 | — | 19,606 | 391 | ||||||||||||||||||||||||||||
Residential mortgages | 502 | 509 | — | 710 | — | ||||||||||||||||||||||||||||
Consumer | — | — | — | 1,267 | — | ||||||||||||||||||||||||||||
21,141 | 24,869 | — | 24,973 | 456 | |||||||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | 8,063 | 8,365 | 325 | 13,363 | 230 | ||||||||||||||||||||||||||||
Construction and land development | 6,246 | 6,246 | 211 | 1,759 | 40 | ||||||||||||||||||||||||||||
Commercial real estate | 16,457 | 16,797 | 1,409 | 25,755 | 413 | ||||||||||||||||||||||||||||
Residential mortgages | — | — | — | 1,191 | — | ||||||||||||||||||||||||||||
Consumer | — | — | — | 1,281 | — | ||||||||||||||||||||||||||||
30,766 | 31,408 | 1,945 | 43,349 | 683 | |||||||||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | 11,090 | 11,624 | 325 | 14,120 | 242 | ||||||||||||||||||||||||||||
Construction and land development | 16,774 | 18,431 | 211 | 4,392 | 93 | ||||||||||||||||||||||||||||
Commercial real estate | 23,541 | 25,713 | 1,409 | 45,361 | 804 | ||||||||||||||||||||||||||||
Residential mortgages | 502 | 509 | — | 1,901 | — | ||||||||||||||||||||||||||||
Consumer | — | — | — | 2,548 | — | ||||||||||||||||||||||||||||
Total loans | $ | 51,907 | $ | 56,277 | $ | 1,945 | $ | 68,322 | $ | 1,139 | |||||||||||||||||||||||
Unpaid | Average | Interest | |||||||||||||||||||||||||||||||
Recorded | Principal | Related | Recorded | Income | |||||||||||||||||||||||||||||
December 31, 2012 | Investment | Balance | Allowance | Investment | Recognized | ||||||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||||||
Originated loans: | |||||||||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||||||
Commercial | $ | 34,705 | $ | 55,101 | $ | — | $ | 23,793 | $ | 464 | |||||||||||||||||||||||
Residential mortgages | 2,721 | 4,874 | — | 3,255 | 155 | ||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | ||||||||||||||||||||||||||||
37,426 | 59,975 | — | 27,048 | 619 | |||||||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||||||
Commercial | 35,850 | 37,917 | 6,377 | 41,232 | 703 | ||||||||||||||||||||||||||||
Residential mortgages | — | — | — | 4,619 | — | ||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | ||||||||||||||||||||||||||||
35,850 | 37,917 | 6,377 | 45,851 | 703 | |||||||||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||||||
Commercial | 70,555 | 93,018 | 6,377 | 65,025 | 1,167 | ||||||||||||||||||||||||||||
Residential mortgages | 2,721 | 4,874 | — | 7,874 | 155 | ||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | ||||||||||||||||||||||||||||
Total originated loans | $ | 73,276 | $ | 97,892 | $ | 6,377 | $ | 72,899 | $ | 1,322 | |||||||||||||||||||||||
Acquired loans: | |||||||||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||||||
Commercial | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||||||||
Residential mortgages | — | — | — | — | — | ||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | ||||||||||||||||||||||||||||
— | — | — | — | — | |||||||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||||||
Commercial | 6,202 | 6,386 | 788 | 1,551 | — | ||||||||||||||||||||||||||||
Residential mortgages | — | — | — | — | — | ||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | ||||||||||||||||||||||||||||
6,202 | 6,386 | 788 | 1,551 | — | |||||||||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||||||
Commercial | 6,202 | 6,386 | 788 | 1,551 | — | ||||||||||||||||||||||||||||
Residential mortgages | — | — | — | — | — | ||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | ||||||||||||||||||||||||||||
Total acquired loans | $ | 6,202 | $ | 6,386 | $ | 788 | $ | 1,551 | $ | — | |||||||||||||||||||||||
Unpaid | Average | Interest | |||||||||||||||||||||||||||||||
Recorded | Principal | Related | Recorded | Income | |||||||||||||||||||||||||||||
December 31, 2012 | Investment | Balance | Allowance | Investment | Recognized | ||||||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||||||
Covered loans: | |||||||||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||||||
Commercial | $ | 3,707 | $ | 10,208 | $ | — | $ | 6,008 | $ | — | |||||||||||||||||||||||
Residential mortgages | 393 | 787 | — | 446 | — | ||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | ||||||||||||||||||||||||||||
4,100 | 10,995 | — | 6,454 | — | |||||||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||||||
Commercial | — | — | — | — | — | ||||||||||||||||||||||||||||
Residential mortgages | — | — | — | — | — | ||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | ||||||||||||||||||||||||||||
— | — | — | — | — | |||||||||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||||||
Commercial | 3,707 | 10,208 | — | 6,008 | — | ||||||||||||||||||||||||||||
Residential mortgages | 393 | 787 | — | 446 | — | ||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | ||||||||||||||||||||||||||||
Total covered loans | $ | 4,100 | $ | 10,995 | $ | — | $ | 6,454 | $ | — | |||||||||||||||||||||||
Total loans: | |||||||||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||||||
Commercial | $ | 38,412 | $ | 65,309 | $ | — | $ | 29,801 | $ | 464 | |||||||||||||||||||||||
Residential mortgages | 3,114 | 5,661 | — | 3,701 | 155 | ||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | ||||||||||||||||||||||||||||
41,526 | 70,970 | — | 33,502 | 619 | |||||||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||||||
Commercial | 42,052 | 44,303 | 7,165 | 42,783 | 703 | ||||||||||||||||||||||||||||
Residential mortgages | — | — | — | 4,619 | — | ||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | ||||||||||||||||||||||||||||
42,052 | 44,303 | 7,165 | 47,402 | 703 | |||||||||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||||||
Commercial | 80,464 | 109,612 | 7,165 | 72,584 | 1,167 | ||||||||||||||||||||||||||||
Residential mortgages | 3,114 | 5,661 | — | 8,320 | 155 | ||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | ||||||||||||||||||||||||||||
Total loans | $ | 83,578 | $ | 115,273 | $ | 7,165 | $ | 80,904 | $ | 1,322 | |||||||||||||||||||||||
Covered loans and acquired credit impaired loans with an accretable yield are considered to be current in the following delinquency table. Certain covered loans accounted for using the cost recovery method are disclosed according to their contractual payment status below. The following table presents the age analysis of past due loans at September 30, 2013 and December 31, 2012: | |||||||||||||||||||||||||||||||||
Recorded | |||||||||||||||||||||||||||||||||
Greater than | investment | ||||||||||||||||||||||||||||||||
30-59 days | 60-89 days | 90 days | Total | Total | > 90 days | ||||||||||||||||||||||||||||
30-Sep-13 | past due | past due | past due | past due | Current | Loans | and accruing | ||||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||||||
Originated loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | $ | 7,369 | $ | 2,891 | $ | 9,615 | $ | 19,875 | $ | 3,613,615 | $ | 3,633,490 | $ | 1,268 | |||||||||||||||||||
Construction and land development | 2,083 | 2,131 | 18,079 | 22,293 | 716,690 | 738,983 | 8,183 | ||||||||||||||||||||||||||
Commercial real estate | 11,753 | 2,215 | 16,383 | 30,351 | 1,786,051 | 1,816,402 | 1,309 | ||||||||||||||||||||||||||
Residential mortgages | 224 | 2,484 | 4,018 | 6,726 | 1,117,923 | 1,124,649 | — | ||||||||||||||||||||||||||
Consumer | 4,974 | 2,238 | 3,686 | 10,898 | 1,376,345 | 1,387,243 | 1,752 | ||||||||||||||||||||||||||
Total | $ | 26,403 | $ | 11,959 | $ | 51,781 | $ | 90,143 | $ | 8,610,624 | $ | 8,700,767 | $ | 12,512 | |||||||||||||||||||
Acquired loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | $ | 1,586 | $ | 414 | $ | 1,396 | $ | 3,396 | $ | 964,089 | $ | 967,485 | $ | 700 | |||||||||||||||||||
Construction and land development | 1,481 | 897 | 594 | 2,972 | 155,256 | 158,228 | 56 | ||||||||||||||||||||||||||
Commercial real estate | 2,548 | 703 | 5,763 | 9,014 | 1,029,273 | 1,038,287 | 2,306 | ||||||||||||||||||||||||||
Residential mortgages | 594 | 970 | 6,337 | 7,901 | 339,153 | 347,054 | — | ||||||||||||||||||||||||||
Consumer | 393 | 158 | 1,033 | 1,584 | 129,065 | 130,649 | 46 | ||||||||||||||||||||||||||
Total | $ | 6,602 | $ | 3,142 | $ | 15,123 | $ | 24,867 | $ | 2,616,836 | $ | 2,641,703 | $ | 3,108 | |||||||||||||||||||
Covered loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | $ | — | $ | — | $ | — | $ | — | $ | 24,340 | $ | 24,340 | $ | — | |||||||||||||||||||
Construction and land development | — | — | 2,624 | 2,624 | 20,573 | 23,197 | — | ||||||||||||||||||||||||||
Commercial real estate | — | — | 675 | 675 | 59,605 | 60,280 | — | ||||||||||||||||||||||||||
Residential mortgages | — | — | 667 | 667 | 222,827 | 223,494 | — | ||||||||||||||||||||||||||
Consumer | 5 | 2 | 322 | 329 | 60,362 | 60,691 | — | ||||||||||||||||||||||||||
Total | $ | 5 | $ | 2 | $ | 4,288 | $ | 4,295 | $ | 387,707 | $ | 392,002 | $ | — | |||||||||||||||||||
Total loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | $ | 8,955 | $ | 3,305 | $ | 11,011 | $ | 23,271 | $ | 4,602,044 | $ | 4,625,315 | $ | 1,968 | |||||||||||||||||||
Construction and land development | 3,564 | 3,028 | 21,297 | 27,889 | 892,519 | 920,408 | 8,239 | ||||||||||||||||||||||||||
Commercial real estate | 14,301 | 2,918 | 22,821 | 40,040 | 2,874,929 | 2,914,969 | 3,615 | ||||||||||||||||||||||||||
Residential mortgages | 818 | 3,454 | 11,022 | 15,294 | 1,679,903 | 1,695,197 | — | ||||||||||||||||||||||||||
Consumer | 5,372 | 2,398 | 5,041 | 12,811 | 1,565,772 | 1,578,583 | 1,798 | ||||||||||||||||||||||||||
Total | $ | 33,010 | $ | 15,103 | $ | 71,192 | $ | 119,305 | $ | 11,615,167 | $ | 11,734,472 | $ | 15,620 | |||||||||||||||||||
Recorded | |||||||||||||||||||||||||||||||||
Greater than | investment | ||||||||||||||||||||||||||||||||
30-59 days | 60-89 days | 90 days | Total | Total | > 90 days | ||||||||||||||||||||||||||||
December 31, 2012 | past due | past due | past due | past due | Current | Loans | and accruing | ||||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||||||
Originated loans: | |||||||||||||||||||||||||||||||||
Commercial | $ | 24,398 | $ | 16,508 | $ | 46,355 | $ | 87,261 | $ | 4,840,199 | $ | 4,927,460 | $ | 5,262 | |||||||||||||||||||
Residential mortgages | 11,500 | 3,303 | 4,100 | 18,903 | 809,082 | 827,985 | — | ||||||||||||||||||||||||||
Consumer | 10,348 | 2,150 | 4,231 | 16,729 | 1,335,047 | 1,351,776 | 2,474 | ||||||||||||||||||||||||||
Total | $ | 46,246 | $ | 21,961 | $ | 54,686 | $ | 122,893 | $ | 6,984,328 | $ | 7,107,221 | $ | 7,736 | |||||||||||||||||||
Acquired loans: | |||||||||||||||||||||||||||||||||
Commercial | $ | 28,791 | $ | 4,666 | $ | 15,774 | $ | 49,231 | $ | 3,216,109 | $ | 3,265,340 | $ | 4,354 | |||||||||||||||||||
Residential mortgages | 9,641 | 1,290 | 8,996 | 19,927 | 466,517 | 486,444 | 1,106 | ||||||||||||||||||||||||||
Consumer | 1,282 | 430 | 2,170 | 3,882 | 199,092 | 202,974 | 47 | ||||||||||||||||||||||||||
Total | $ | 39,714 | $ | 6,386 | $ | 26,940 | $ | 73,040 | $ | 3,881,718 | $ | 3,954,758 | $ | 5,507 | |||||||||||||||||||
Covered loans: | |||||||||||||||||||||||||||||||||
Commercial | $ | — | $ | — | $ | 3,707 | $ | 3,707 | $ | 149,181 | $ | 152,888 | $ | — | |||||||||||||||||||
Residential mortgages | — | — | 393 | 393 | 263,122 | 263,515 | — | ||||||||||||||||||||||||||
Consumer | — | — | — | — | 99,420 | 99,420 | — | ||||||||||||||||||||||||||
Total | $ | — | $ | — | $ | 4,100 | $ | 4,100 | $ | 511,723 | $ | 515,823 | $ | — | |||||||||||||||||||
Total loans: | |||||||||||||||||||||||||||||||||
Commercial | $ | 53,189 | $ | 21,174 | $ | 65,836 | $ | 140,199 | $ | 8,205,489 | $ | 8,345,688 | $ | 9,616 | |||||||||||||||||||
Residential mortgages | 21,141 | 4,593 | 13,489 | 39,223 | 1,538,721 | 1,577,944 | 1,106 | ||||||||||||||||||||||||||
Consumer | 11,630 | 2,580 | 6,401 | 20,611 | 1,633,559 | 1,654,170 | 2,521 | ||||||||||||||||||||||||||
Total | $ | 85,960 | $ | 28,347 | $ | 85,726 | $ | 200,033 | $ | 11,377,769 | $ | 11,577,802 | $ | 13,243 | |||||||||||||||||||
The following tables present the credit quality indicators of the Company’s various classes of loans at September 30, 2013 and December 31, 2012. | |||||||||||||||||||||||||||||||||
Commercial Non-Real Estate Credit Exposure | |||||||||||||||||||||||||||||||||
Credit Risk Profile by Internally Assigned Grade | |||||||||||||||||||||||||||||||||
September 30, 2013 | December 31, 2012 | ||||||||||||||||||||||||||||||||
Originated | Acquired | Covered | Total | Originated | Acquired | Covered | Total | ||||||||||||||||||||||||||
(In thousands) | (In thousands) | ||||||||||||||||||||||||||||||||
Grade: | |||||||||||||||||||||||||||||||||
Pass | $ | 3,459,635 | $ | 877,964 | $ | 14,063 | $ | 4,351,662 | $ | 2,610,970 | $ | 1,588,435 | $ | 14,855 | $ | 4,214,260 | |||||||||||||||||
Pass-Watch | 106,657 | 41,741 | 118 | 148,516 | 32,393 | 52,361 | 74 | 84,828 | |||||||||||||||||||||||||
Special Mention | 31,600 | 28,308 | — | 59,908 | 23,550 | 6,267 | 3,226 | 33,043 | |||||||||||||||||||||||||
Substandard | 35,598 | 18,547 | 7,820 | 61,965 | 46,472 | 43,219 | 8,433 | 98,124 | |||||||||||||||||||||||||
Doubtful | — | 925 | 2,339 | 3,264 | — | 361 | 2,672 | 3,033 | |||||||||||||||||||||||||
Loss | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Total | $ | 3,633,490 | $ | 967,485 | $ | 24,340 | $ | 4,625,315 | $ | 2,713,385 | $ | 1,690,643 | $ | 29,260 | $ | 4,433,288 | |||||||||||||||||
Construction Credit Exposure | |||||||||||||||||||||||||||||||||
Credit Risk Profile by Internally Assigned Grade | |||||||||||||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | ||||||||||||||||||||||||||||||||
Originated | Acquired | Covered | Total | Originated | Acquired | Covered | Total | ||||||||||||||||||||||||||
(In thousands) | (In thousands) | ||||||||||||||||||||||||||||||||
Grade: | |||||||||||||||||||||||||||||||||
Pass | $ | 681,999 | $ | 130,457 | $ | 230 | $ | 812,686 | $ | 557,511 | $ | 249,269 | $ | 331 | $ | 807,111 | |||||||||||||||||
Pass-Watch | 16,728 | 8,684 | 598 | 26,010 | 13,705 | 2,993 | 1,028 | 17,726 | |||||||||||||||||||||||||
Special Mention | 944 | 1,446 | 197 | 2,587 | 30,522 | 12,248 | 420 | 43,190 | |||||||||||||||||||||||||
Substandard | 39,312 | 17,637 | 10,241 | 67,190 | 63,925 | 30,637 | 7,311 | 101,873 | |||||||||||||||||||||||||
Doubtful | — | 4 | 11,931 | 11,935 | 10 | 4 | 19,392 | 19,406 | |||||||||||||||||||||||||
Loss | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Total | $ | 738,983 | $ | 158,228 | $ | 23,197 | $ | 920,408 | $ | 665,673 | $ | 295,151 | $ | 28,482 | $ | 989,306 | |||||||||||||||||
Commercial Real Estate Credit Exposure | |||||||||||||||||||||||||||||||||
Credit Risk Profile by Internally Assigned Grade | |||||||||||||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | ||||||||||||||||||||||||||||||||
Originated | Acquired | Covered | Total | Originated | Acquired | Covered | Total | ||||||||||||||||||||||||||
(In thousands) | (In thousands) | ||||||||||||||||||||||||||||||||
Grade: | |||||||||||||||||||||||||||||||||
Pass | $ | 1,656,114 | $ | 943,760 | $ | 5,853 | $ | 2,605,727 | $ | 1,353,453 | $ | 1,173,617 | $ | 16,693 | $ | 2,543,763 | |||||||||||||||||
Pass-Watch | 32,762 | 41,172 | 4,823 | 78,757 | 36,507 | 16,051 | 15,015 | 67,573 | |||||||||||||||||||||||||
Special Mention | 3,618 | 7,864 | 3,127 | 14,609 | 29,912 | 21,116 | 3,787 | 54,815 | |||||||||||||||||||||||||
Substandard | 123,890 | 45,491 | 32,989 | 202,370 | 128,088 | 68,762 | 31,298 | 228,148 | |||||||||||||||||||||||||
Doubtful | 18 | — | 13,488 | 13,506 | 442 | — | 28,353 | 28,795 | |||||||||||||||||||||||||
Loss | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Total | $ | 1,816,402 | $ | 1,038,287 | $ | 60,280 | $ | 2,914,969 | $ | 1,548,402 | $ | 1,279,546 | $ | 95,146 | $ | 2,923,094 | |||||||||||||||||
Residential Mortgage Credit Exposure | |||||||||||||||||||||||||||||||||
Credit Risk Profile Based on Payment Activity | |||||||||||||||||||||||||||||||||
September 30, 2013 | December 31, 2012 | ||||||||||||||||||||||||||||||||
Originated | Acquired | Covered | Total | Originated | Acquired | Covered | Total | ||||||||||||||||||||||||||
(In thousands) | (In thousands) | ||||||||||||||||||||||||||||||||
Performing | $ | 1,110,952 | $ | 337,390 | $ | 223,101 | $ | 1,671,443 | $ | 820,281 | $ | 475,893 | $ | 263,515 | $ | 1,559,689 | |||||||||||||||||
Nonperforming | 13,697 | 9,664 | 393 | 23,754 | 7,704 | 10,551 | — | 18,255 | |||||||||||||||||||||||||
Total | $ | 1,124,649 | $ | 347,054 | $ | 223,494 | $ | 1,695,197 | $ | 827,985 | $ | 486,444 | $ | 263,515 | $ | 1,577,944 | |||||||||||||||||
Consumer Credit Exposure | |||||||||||||||||||||||||||||||||
Credit Risk Profile Based on Payment Activity | |||||||||||||||||||||||||||||||||
September 30, 2013 | December 31, 2012 | ||||||||||||||||||||||||||||||||
Originated | Acquired | Covered | Total | Originated | Acquired | Covered | Total | ||||||||||||||||||||||||||
(In thousands) | (In thousands) | ||||||||||||||||||||||||||||||||
Performing | $ | 1,382,144 | $ | 128,759 | $ | 60,691 | $ | 1,571,594 | $ | 1,345,487 | $ | 200,292 | $ | 99,420 | $ | 1,645,199 | |||||||||||||||||
Nonperforming | 5,099 | 1,890 | — | 6,989 | 6,289 | 2,682 | — | 8,971 | |||||||||||||||||||||||||
Total | $ | 1,387,243 | $ | 130,649 | $ | 60,691 | $ | 1,578,583 | $ | 1,351,776 | $ | 202,974 | $ | 99,420 | $ | 1,654,170 | |||||||||||||||||
Loan review uses a risk-focused continuous monitoring program that provides for an independent, objective and timely review of credit risk within the company. Below are the definitions of the Company’s internally assigned grades: | |||||||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||||||
• | Pass—loans properly approved, documented, collateralized, and performing which do not reflect an abnormal credit risk. | ||||||||||||||||||||||||||||||||
• | Pass—Watch—Credits in this category are of sufficient risk to cause concern. This category is reserved for credits that display negative performance trends. The “Watch” grade should be regarded as a transition category. | ||||||||||||||||||||||||||||||||
• | Special Mention—These credits exhibit some signs of “Watch,” but to a greater magnitude. These credits constitute an undue and unwarranted credit risk, but not to a point of justifying a classification of “Substandard.” They have weaknesses that, if not checked or corrected, weaken the asset or inadequately protect the bank. | ||||||||||||||||||||||||||||||||
• | Substandard—These credits constitute an unacceptable risk to the bank. They have recognized credit weaknesses that jeopardize the repayment of the debt. Repayment sources are marginal or unclear. | ||||||||||||||||||||||||||||||||
• | Doubtful—A Doubtful credit has all of the weaknesses inherent in one classified “Substandard” with the added characteristic that weaknesses make collection in full highly questionable or improbable. | ||||||||||||||||||||||||||||||||
• | Loss—Credits classified as Loss are considered uncollectable and are charged off promptly once so classified. | ||||||||||||||||||||||||||||||||
Residential Mortgage and Consumer: | |||||||||||||||||||||||||||||||||
• | Performing – Loans on which payments of principal and interest are less than 90 days past due. | ||||||||||||||||||||||||||||||||
• | Nonperforming – Loans on which payments of principal and interest are more than 90 days past due and on nonaccrual status. | ||||||||||||||||||||||||||||||||
Changes in the carrying amount of acquired-impaired loans and accretable yield are presented in the following table for the nine months ended September 30, 2013 and the year ended December 31, 2012: | |||||||||||||||||||||||||||||||||
September 30, 2013 | December 31, 2012 | ||||||||||||||||||||||||||||||||
Covered | Non-covered | Covered | Non-covered | ||||||||||||||||||||||||||||||
Carrying | Carrying | Carrying | Carrying | ||||||||||||||||||||||||||||||
Amount | Accretable | Amount | Accretable | Amount | Accretable | Amount | Accretable | ||||||||||||||||||||||||||
of Loans | Yield | of Loans | Yield | of Loans | Yield | of Loans | Yield | ||||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||||||
Balance at beginning of period | $ | 515,823 | $ | 115,594 | $ | 141,201 | $ | 203,186 | $ | 671,443 | $ | 153,137 | $ | 339,452 | $ | 130,691 | |||||||||||||||||
Additions | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Payments received, net | (150,405 | ) | (861 | ) | (106,444 | ) | (37,961 | ) | (200,719 | ) | — | (250,338 | ) | — | |||||||||||||||||||
Accretion | 26,584 | (26,584 | ) | 30,213 | (30,213 | ) | 45,099 | (45,099 | ) | 52,087 | (52,087 | ) | |||||||||||||||||||||
Increase (decrease) in expected cash flows based on actual cash flow and changes in cash flow assumptions | — | (12,944 | ) | — | 6,465 | — | (19,326 | ) | — | 23,688 | |||||||||||||||||||||||
Net transfers from (to) nonaccretable difference to accretable yield | — | 22,611 | — | 5,636 | — | 26,882 | — | 100,894 | |||||||||||||||||||||||||
Balance at end of period | $ | 392,002 | $ | 97,816 | $ | 64,970 | $ | 147,113 | $ | 515,823 | $ | 115,594 | $ | 141,201 | $ | 203,186 | |||||||||||||||||
Fair_Value
Fair Value | 9 Months Ended | ||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||||||
Fair Value | ' | ||||||||||||||||||||
4. 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 the 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 (in thousands) on a recurring basis in the consolidated balance sheets. | |||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||
Level 1 | Level 2 | Total | |||||||||||||||||||
Assets | |||||||||||||||||||||
Available for sale debt securities: | |||||||||||||||||||||
U.S. Treasury and government agency securities | $ | 620 | $ | — | $ | 620 | |||||||||||||||
Municipal obligations | — | 43,648 | 43,648 | ||||||||||||||||||
Corporate debt securities | 3,500 | — | 3,500 | ||||||||||||||||||
Mortgage-backed securities | — | 1,359,970 | 1,359,970 | ||||||||||||||||||
Collateralized mortgage obligations | — | 45,032 | 45,032 | ||||||||||||||||||
Equity securities | 5,350 | — | 5,350 | ||||||||||||||||||
Total available-for-sale securities | 9,470 | 1,448,650 | 1,458,120 | ||||||||||||||||||
Derivative assets (1) | — | 16,062 | 16,062 | ||||||||||||||||||
Total recurring fair value measurements—assets | $ | 9,470 | $ | 1,464,712 | $ | 1,474,182 | |||||||||||||||
Liabilities | |||||||||||||||||||||
Derivative liabilities (1) | $ | — | $ | 15,929 | $ | 15,929 | |||||||||||||||
Total recurring fair value measurements—liabilities | $ | — | $ | 15,929 | $ | 15,929 | |||||||||||||||
-1 | For further disaggregation of derivative assets and liabilities, see Note 5—Derivatives. | ||||||||||||||||||||
December 31, 2012 | |||||||||||||||||||||
Level 1 | Level 2 | Total | |||||||||||||||||||
Assets | |||||||||||||||||||||
Available for sale debt securities: | |||||||||||||||||||||
U.S. Treasury and government agency securities | $ | 18,265 | $ | — | $ | 18,265 | |||||||||||||||
Municipal obligations | — | 50,165 | 50,165 | ||||||||||||||||||
Corporate debt securities | 2,250 | — | 2,250 | ||||||||||||||||||
Mortgage-backed securities | — | 1,774,406 | 1,774,406 | ||||||||||||||||||
Collateralized mortgage obligations | — | 198,077 | 198,077 | ||||||||||||||||||
Equity securities | 5,279 | — | 5,279 | ||||||||||||||||||
Total available-for-sale securities | 25,794 | 2,022,648 | 2,048,442 | ||||||||||||||||||
Derivative assets (1) | — | 20,093 | 20,093 | ||||||||||||||||||
Total recurring fair value measurements—assets | $ | 25,794 | $ | 2,042,741 | $ | 2,068,535 | |||||||||||||||
Liabilities | |||||||||||||||||||||
Derivative liabilities (1) | $ | — | $ | 21,100 | $ | 21,100 | |||||||||||||||
Total recurring fair value measurements—liabilities | $ | — | $ | 21,100 | $ | 21,100 | |||||||||||||||
-1 | For further disaggregation of derivative assets and liabilities, see Note 5—Derivatives. | ||||||||||||||||||||
Securities classified as level 1 within the valuation hierarchy include U.S. Treasury securities, obligations of U.S. Government-sponsored agencies, and certain other debt and equity securities. Level 2 classified securities include 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 high quality securities of investment grade quality with a targeted duration, for the overall portfolio, generally between two to five years. Company policies limit investments to securities having 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 interest rate swaps, is obtained from a third-party pricing service that uses an industry-standard discounted cash flow model that relies on inputs, such as LIBOR swap curves and Overnight Index Swap rate (OIS) 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 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 Banks’ 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 classified as level 2 measurements. | |||||||||||||||||||||
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 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 following tables present for each of the fair value hierarchy levels the Company’s financial assets that are measured at fair value (in thousands) on a nonrecurring basis. | |||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | ||||||||||||||||||
Collateral-dependent impaired loans | $ | — | $ | 27,981 | $ | — | $ | 27,981 | |||||||||||||
Other real estate owned | — | — | 21,148 | 21,148 | |||||||||||||||||
Total nonrecurring fair value measurements | $ | — | $ | 27,981 | $ | 21,148 | $ | 49,129 | |||||||||||||
31-Dec-12 | |||||||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | ||||||||||||||||||
Collateral-dependent impaired loans | $ | — | $ | 72,694 | $ | — | $ | 72,694 | |||||||||||||
Other real estate owned | — | — | 43,803 | 43,803 | |||||||||||||||||
Total nonrecurring fair value measurements | $ | — | $ | 72,694 | $ | 43,803 | $ | 116,497 | |||||||||||||
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 instruments 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. 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. For the remaining portfolio, fair values were generally determined by discounting scheduled cash flows by discount rates determined with reference to current market rates at which loans with similar terms would be made to borrowers of similar credit quality. | |||||||||||||||||||||
Accrued Interest Receivable and Accrued Interest Payable - The carrying amounts are 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 and Federal Funds Purchased—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. | |||||||||||||||||||||
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 September 30, 2013 and December 31, 2012 (in thousands): | |||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||
Total | Carrying | ||||||||||||||||||||
Level 1 | Level 2 | Level 3 | Fair Value | Amount | |||||||||||||||||
Financial assets: | |||||||||||||||||||||
Cash, interest-bearing bank deposits, and federal funds sold | $ | 888,005 | $ | — | $ | — | $ | 888,005 | $ | 888,005 | |||||||||||
Available for sale securities | 9,470 | 1,448,650 | — | 1,458,120 | 1,458,120 | ||||||||||||||||
Held to maturity securities | 100,688 | 2,553,179 | — | 2,653,867 | 2,666,082 | ||||||||||||||||
Loans, net | — | 27,981 | 11,528,860 | 11,556,841 | 11,596,250 | ||||||||||||||||
Loans held for sale | — | 18,444 | — | 18,444 | 18,444 | ||||||||||||||||
Accrued interest receivable | 42,039 | — | — | 42,039 | 42,039 | ||||||||||||||||
Derivative financial instruments | — | 16,062 | — | 16,062 | 16,062 | ||||||||||||||||
Financial liabilities: | |||||||||||||||||||||
Deposits | $ | — | $ | — | $ | 15,017,314 | $ | 15,017,314 | $ | 15,054,871 | |||||||||||
Federal funds purchased | 22,193 | — | — | 22,193 | 22,193 | ||||||||||||||||
Securities sold under agreements to repurchase | 760,586 | — | — | 760,586 | 760,586 | ||||||||||||||||
Long-term debt | — | 384,239 | — | 384,239 | 376,664 | ||||||||||||||||
Accrued interest payable | 5,694 | — | — | 5,694 | 5,694 | ||||||||||||||||
Derivative financial instruments | — | 15,929 | — | 15,929 | 15,929 | ||||||||||||||||
December 31, 2012 | |||||||||||||||||||||
Total | Carrying | ||||||||||||||||||||
Level 1 | Level 2 | Level 3 | Fair Value | Amount | |||||||||||||||||
Financial assets: | |||||||||||||||||||||
Cash, interest-bearing bank deposits, and federal funds sold | $ | 1,948,679 | $ | — | $ | — | $ | 1,948,679 | $ | 1,948,679 | |||||||||||
Available for sale securities | 25,794 | 2,022,648 | — | 2,048,442 | 2,048,442 | ||||||||||||||||
Held to maturity securities | — | 1,710,465 | — | 1,710,465 | 1,668,018 | ||||||||||||||||
Loans, net | — | 72,694 | 11,494,409 | 11,567,103 | 11,441,631 | ||||||||||||||||
Loans held for sale | — | 50,605 | — | 50,605 | 50,605 | ||||||||||||||||
Accrued interest receivable | 45,616 | — | — | 45,616 | 45,616 | ||||||||||||||||
Derivative financial instruments | — | 20,093 | — | 20,093 | 20,093 | ||||||||||||||||
Financial liabilities: | |||||||||||||||||||||
Deposits | $ | — | $ | — | $ | 15,757,044 | $ | 15,757,044 | $ | 15,744,188 | |||||||||||
Federal funds purchased | 25,704 | — | — | 25,704 | 25,704 | ||||||||||||||||
Securities sold under agreements to repurchase | 613,429 | — | — | 613,429 | 613,429 | ||||||||||||||||
Long-term debt | — | 410,791 | — | 410,791 | 396,589 | ||||||||||||||||
Accrued interest payable | 4,814 | — | — | 4,814 | 4,814 | ||||||||||||||||
Derivative financial instruments | — | 21,100 | — | 21,100 | 21,100 |
Derivatives
Derivatives | 9 Months Ended | ||||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||||
Derivative Instruments And Hedging Activities Disclosure [Abstract] | ' | ||||||||||||||||||||||||||
Derivatives | ' | ||||||||||||||||||||||||||
5. 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 our variable rate borrowing. The Banks have also entered into interest rate derivative agreements as a service to certain qualifying customers. The Banks manage a matched book with respect to these customer derivatives in order to minimize the net risk exposure resulting from such agreements. The Banks also enter 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 (in thousands) of the Company’s derivative financial instruments as well as their classification on the consolidated balance sheets as of September 30, 2013 and December 31, 2012. | |||||||||||||||||||||||||||
Fair and Notional Values of Derivative Instruments | |||||||||||||||||||||||||||
Fair Values (1) | |||||||||||||||||||||||||||
Notional Amounts | Assets | Liabilities | |||||||||||||||||||||||||
(in thousands) | Type of | September 30, | December 31, | September 30, | December 31, | September 30, | December 31, | ||||||||||||||||||||
Hedge | 2013 | 2012 | 2013 | 2012 | 2013 | 2012 | |||||||||||||||||||||
Derivatives designated as hedging instruments: | |||||||||||||||||||||||||||
Interest rate swaps | Cash Flow | $ | — | $ | 140,000 | $ | — | $ | — | $ | — | $ | 298 | ||||||||||||||
$ | — | $ | 140,000 | $ | — | $ | — | $ | — | $ | 298 | ||||||||||||||||
Derivatives not designated as hedging instruments: | |||||||||||||||||||||||||||
Interest rate swaps (2) | N/A | $ | 661,421 | $ | 547,477 | $ | 15,249 | $ | 19,448 | $ | 15,079 | $ | 20,157 | ||||||||||||||
Risk participation agreements | N/A | 20,287 | — | 4 | — | 3 | — | ||||||||||||||||||||
Forward commitments to sell residential mortgage loans | N/A | 24,473 | 115,256 | 51 | 190 | 355 | 590 | ||||||||||||||||||||
Interest rate-lock commitments on residential mortgage loans | N/A | 12,814 | 58,135 | 251 | 455 | 11 | 55 | ||||||||||||||||||||
Foreign exchange forward contracts | N/A | 33,941 | — | 507 | — | 481 | — | ||||||||||||||||||||
$ | 752,936 | $ | 720,868 | $ | 16,062 | $ | 20,093 | $ | 15,929 | $ | 20,802 | ||||||||||||||||
-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 had been party to an interest rate swap agreement with a notional amount of $140 million under which the Company received interest at a variable rate and paid at a fixed rate. This derivative instrument represented by this swap agreement was designated as and qualified as a cash flow hedge of the Company’s forecasted variable cash flows under a variable-rate term borrowing agreement. The swap agreement expired in June 2013. | |||||||||||||||||||||||||||
During the term of the swap agreement, the effective portion of changes in the fair value of the derivative instrument was recorded in accumulated other comprehensive income (“AOCI”) and subsequently reclassified into earnings in the periods that the hedged forecasted variable-rate interest payments affected earnings. The impact on AOCI was insignificant during 2013 and 2012. 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 derivatives | |||||||||||||||||||||||||||
The Banks enter into interest rate derivative agreements, primarily rate swaps, with commercial banking customers to facilitate their risk management strategies. The Banks simultaneously enter 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 Banks also enter into risk participation agreements under which they may either assume or sell credit risk associated with a borrower’s performance under certain interest rate derivative contracts. In those instances where the Banks have assumed credit risk, they are not a direct counterparty to the derivative contract with the borrower and have entered into the risk participation agreement because they are a party to the related loan agreement with the borrower. In those instances in which the Banks have sold credit risk, they are the sole counterparty to the derivative contract with the borrower and have entered into the risk participation agreement because other banks participate in the related loan agreement. The Banks manage their credit risk under risk participation agreements by monitoring the creditworthiness of the borrower, based on their normal credit review process. | |||||||||||||||||||||||||||
Mortgage banking derivatives | |||||||||||||||||||||||||||
The Banks also enter into certain derivative 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 Banks enter into foreign exchange forward derivative agreements, primarily forward currency contracts, with commercial banking customers to facilitate their risk management strategies. The Banks manage 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 | |||||||||||||||||||||||||||
The effect of the Company’s derivative financial instruments on the income statement was immaterial for the three month and nine month periods ended September 30, 2013 and 2012. | |||||||||||||||||||||||||||
Credit-risk-related Contingent Features | |||||||||||||||||||||||||||
Certain of the Banks’ derivative instruments contain provisions allowing the financial institution counterparty to terminate the contracts in certain circumstances, such as the downgrade of the Banks’ credit ratings below specified levels, a default by the Bank on its indebtedness, or the failure of a 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 September 30, 2013, the aggregate fair value of derivative instruments with credit-risk-related contingent features that were in a net liability position was $10.1 million, for which the Banks had posted collateral of $11.1 million. | |||||||||||||||||||||||||||
Offsetting Assets and Liabilities | |||||||||||||||||||||||||||
Offsetting information in regards to derivative assets and liabilities subject to master netting agreements at September 30, 2013 and December 31, 2012 is presented in the following tables (in thousands): | |||||||||||||||||||||||||||
Gross | Gross | Net Amounts | Gross Amounts Not Offset in the | ||||||||||||||||||||||||
Amounts | Presented in | Statement of Financial Position | |||||||||||||||||||||||||
Offset in the | |||||||||||||||||||||||||||
the Statement | |||||||||||||||||||||||||||
Statement | |||||||||||||||||||||||||||
Description | Amounts | of Financial | of Financial | Financial | Cash | Net | |||||||||||||||||||||
Recognized | Position | Position | Instruments | Collateral | Amount | ||||||||||||||||||||||
As of September 30, 2013 | |||||||||||||||||||||||||||
Derivative Assets | $ | 15,253 | $ | — | $ | 15,253 | $ | 1,949 | $ | — | $ | 13,304 | |||||||||||||||
Total | $ | 15,253 | $ | — | $ | 15,253 | $ | 1,949 | $ | — | $ | 13,304 | |||||||||||||||
Derivative Liabilities | $ | 15,082 | $ | — | $ | 15,082 | $ | 1,949 | $ | 9,113 | $ | 4,020 | |||||||||||||||
Total | $ | 15,082 | $ | — | $ | 15,082 | $ | 1,949 | $ | 9,113 | $ | 4,020 | |||||||||||||||
As of December 31, 2012 | |||||||||||||||||||||||||||
Derivative Assets | $ | 19,448 | $ | — | $ | 19,448 | $ | — | $ | — | $ | 19,448 | |||||||||||||||
Total | $ | 19,448 | $ | — | $ | 19,448 | $ | — | $ | — | $ | 19,448 | |||||||||||||||
Derivative Liabilities | $ | 20,455 | $ | — | $ | 20,455 | $ | — | $ | 16,839 | $ | 3,616 | |||||||||||||||
Total | $ | 20,455 | $ | — | $ | 20,455 | $ | — | $ | 16,839 | $ | 3,616 | |||||||||||||||
Stockholders_Equity
Stockholders' Equity | 9 Months Ended | ||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||
Equity [Abstract] | ' | ||||||||||||||||||||
Stockholders' Equity | ' | ||||||||||||||||||||
6. Stockholders’ Equity | |||||||||||||||||||||
Stock Repurchase Program | |||||||||||||||||||||
The Company’s board of directors approved a stock repurchase program on April 30, 2013 that authorizes the repurchase of up to 5% of the Company’s outstanding common stock. | |||||||||||||||||||||
On May 8, 2013 Hancock entered into an accelerated share repurchase (ASR) transaction with Morgan Stanley & Co. LLC (Morgan Stanley). In the ASR transaction, the Company paid $115 million to Morgan Stanley and received from them approximately 2.8 million shares of Hancock common stock, representing approximately 76% of the estimated total number of shares to be repurchased. The actual number of shares to be delivered to the Company in this ASR transaction will be based generally on the volume-weighted average price per share of the Hancock common stock during the term of the ASR agreement less a specified discount and on the amount paid at inception to Morgan Stanley, subject to certain possible adjustments in accordance with the terms of the ASR agreement. Final settlement of the ASR agreement is scheduled to occur no earlier than November, 2013 and no later than May, 2014. The ASR transaction was treated as two separate transactions: (i) the acquisition of treasury shares on the date the shares were received; and (ii) a forward contract indexed to the Company’s common stock that is classified as equity. | |||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss) | |||||||||||||||||||||
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. The net unrealized gain on AFS securities reclassified as securities held to maturity (HTM) during 2012 and the net unrealized loss on AFS securities reclassified as securities held to maturity (HTM) during 2013 continue to be reported as a component of AOCI and will be amortized or accreted 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 (in thousands). | |||||||||||||||||||||
Available | HTM | Loss on | |||||||||||||||||||
Securities | |||||||||||||||||||||
for Sale | Transferred | Employee | Effective Cash | ||||||||||||||||||
Securities | from AFS | Benefit Plans | Flow Hedges | Total | |||||||||||||||||
Balance, January 1, 2012 | $ | 60,478 | $ | — | $ | (86,923 | ) | $ | (65 | ) | $ | (26,510 | ) | ||||||||
Other comprehensive income before income taxes: | |||||||||||||||||||||
Net change in unrealized gain (loss) | 24,780 | — | — | (370 | ) | 24,410 | |||||||||||||||
Transfer of net unrealized gain from AFS to HTM, net of cumulative tax effect | (24,598 | ) | 24,598 | — | — | — | |||||||||||||||
Reclassification of net (gains) losses realized and included in earnings | (929 | ) | — | 5,260 | 40 | 4,371 | |||||||||||||||
Amortization of unrealized net gain on securities transferred to HTM | — | (5,645 | ) | — | — | (5,645 | ) | ||||||||||||||
Income tax expense (benefit) | 8,693 | (2,122 | ) | 1,971 | (129 | ) | 8,413 | ||||||||||||||
Balance, September 30, 2012 | $ | 51,038 | $ | 21,075 | $ | (83,634 | ) | $ | (266 | ) | $ | (11,787 | ) | ||||||||
Balance, January 1, 2013 | $ | 38,854 | $ | 19,090 | $ | (80,688 | ) | $ | (181 | ) | $ | (22,925 | ) | ||||||||
Other comprehensive income before income taxes: | |||||||||||||||||||||
Net change in unrealized gain (loss) | (96,070 | ) | — | — | (4 | ) | (96,074 | ) | |||||||||||||
Transfer of net unrealized loss from AFS to HTM, net of cumulative tax effect | 36,208 | (36,208 | ) | — | — | — | |||||||||||||||
Reclassification of net (gains) losses realized and included in earnings | — | — | 5,534 | 301 | 5,835 | ||||||||||||||||
Amortization/accretion of unrealized net gain/loss on securities transferred to HTM | — | (7,099 | ) | — | — | (7,099 | ) | ||||||||||||||
Income tax expense (benefit) | (35,115 | ) | (2,563 | ) | 2,070 | 116 | (35,492 | ) | |||||||||||||
Balance, September 30, 2013 | $ | 14,107 | $ | (21,654 | ) | $ | (77,224 | ) | $ | — | $ | (84,771 | ) | ||||||||
The following table shows the line items in the consolidated income statements affected by amounts reclassified from accumulated other comprehensive income: | |||||||||||||||||||||
Nine Months Ended | Increase (decrease) in affected | ||||||||||||||||||||
September 30, | |||||||||||||||||||||
Amount reclassified from AOCI (in thousands) | 2013 | 2012 | line item in the income statement | ||||||||||||||||||
Gains and losses on sale of AFS securities | $ | — | $ | 929 | Securities gains (losses) | ||||||||||||||||
Tax effect | — | 325 | Income taxes | ||||||||||||||||||
Net of tax | — | 604 | Net income | ||||||||||||||||||
Amortization/accretion of unrealized net gain/loss on securities transferred to HTM | $ | 7,099 | $ | 5,645 | Interest income | ||||||||||||||||
Tax effect | 2,563 | 2,122 | Income taxes | ||||||||||||||||||
Net of tax | 4,536 | 3,523 | Net income | ||||||||||||||||||
Amortization of defined benefit pension and post-retirement items | $ | (5,534 | ) | $ | (5,260 | ) | (a) | ||||||||||||||
Tax effect | (2,070 | ) | (1,971 | ) | Income taxes | ||||||||||||||||
Net of tax | (3,464 | ) | (3,289 | ) | Net income | ||||||||||||||||
Gains and losses on cash flow hedges | $ | (301 | ) | $ | (40 | ) | Interest expense | ||||||||||||||
Tax effect | (105 | ) | (14 | ) | Income taxes | ||||||||||||||||
Net of tax | (196 | ) | (26 | ) | Net income | ||||||||||||||||
Total reclassifications, net of tax | $ | 876 | $ | 812 | Net income | ||||||||||||||||
(a) | 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 footnote 9 for additional details). |
Earnings_Per_Share
Earnings Per Share | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||||||
Earnings Per Share | ' | ||||||||||||||||
7. 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. | |||||||||||||||||
Following is a summary of the information used in the computation of earnings per common share using the two-class method (in thousands, except per share amounts): | |||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
Numerator: | |||||||||||||||||
Net income to common shareholders | $ | 33,202 | $ | 46,984 | $ | 128,640 | $ | 104,783 | |||||||||
Net income allocated to participating securities — basic and diluted | 616 | 281 | 2,398 | 844 | |||||||||||||
Net income allocated to common shareholders—basic and diluted | $ | 32,586 | $ | 46,703 | $ | 126,242 | $ | 103,939 | |||||||||
Denominator: | |||||||||||||||||
Weighted-average common shares—basic | 82,091 | 84,777 | 83,404 | 84,757 | |||||||||||||
Dilutive potential common shares | 114 | 855 | 92 | 768 | |||||||||||||
Weighted average common shares—diluted | 82,205 | 85,632 | 83,496 | 85,525 | |||||||||||||
Earnings per common share: | |||||||||||||||||
Basic | $ | 0.4 | $ | 0.55 | $ | 1.51 | $ | 1.23 | |||||||||
Diluted | $ | 0.4 | $ | 0.55 | $ | 1.51 | $ | 1.22 | |||||||||
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 721,863 and 1,076,894 respectively for the three and nine months ended September 30, 2013 and 1,149,491 and 908,409 respectively for the three and nine months ended September 30, 2012. | |||||||||||||||||
ShareBased_Payment_Arrangement
Share-Based Payment Arrangements | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | ' | ||||||||||||||||
Share-Based Payment Arrangements | ' | ||||||||||||||||
8. 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 13 to the consolidated financial statements in the Company’s annual report on Form 10-K for the year ended December 31, 2012. | |||||||||||||||||
A summary of option activity for the nine months ended September 30, 2013 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, 2013 | 1,555,296 | $ | 38.57 | ||||||||||||||
Exercised | (21,145 | ) | 27.51 | ||||||||||||||
Forfeited or expired | (96,226 | ) | 45.15 | ||||||||||||||
Outstanding at September 30, 2013 | 1,437,925 | $ | 38.3 | 4.7 | $ | 797 | |||||||||||
Exercisable at September 30, 2013 | 990,202 | $ | 41.15 | 3.4 | $ | 389 | |||||||||||
The total intrinsic value of options exercised during the nine months ended September 30, 2013 and 2012 was $0.1 million and $0.5 million, respectively. | |||||||||||||||||
A summary of the status of the Company’s nonvested restricted and performance shares as of September 30, 2013 and changes during the nine months ended September 30, 2013, is presented below. These restricted and performance shares are subject to service requirements. | |||||||||||||||||
Weighted- | |||||||||||||||||
Average | |||||||||||||||||
Number of | Grant-Date | ||||||||||||||||
Shares | Fair Value ($) | ||||||||||||||||
Nonvested at January 1, 2013 | 1,684,360 | $ | 31.56 | ||||||||||||||
Granted | 95,586 | 32.03 | |||||||||||||||
Vested | (38,909 | ) | 34.52 | ||||||||||||||
Forfeited | (70,884 | ) | 31.25 | ||||||||||||||
Nonvested at September 30, 2013 | 1,670,153 | $ | 31.52 | ||||||||||||||
As of September 30, 2013, there was $29.4 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 3.1 years. The total fair value of shares which vested during the nine months ended September 30, 2013 and 2012 was $1.2 million and $0.9 million, respectively. | |||||||||||||||||
During the nine months ended September 30, 2013, the Company granted 67,533 performance shares with an average fair value of $32.84 per share to key members of executive and senior management. The number of 2013 performance shares that ultimately vest at the end of the three-year required service period will be based on the relative rank of Hancock’s three-year total shareholder return (TSR) among the TSRs of a peer group of fifty regional banks. The maximum number of performance shares that could vest is 200% of the target award. The fair value of the performance awards at the grant date was determined using a Monte Carlo simulation method. Compensation expense for these performance shares will be recognized on a straight-line basis over the service period. |
Retirement_Plans
Retirement Plans | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Compensation And Retirement Disclosure [Abstract] | ' | ||||||||||||||||
Retirement Plans | ' | ||||||||||||||||
9. Retirement Plans | |||||||||||||||||
Effective January 1, 2013, the Company adopted one qualified defined benefit pension plan covering all eligible employees. Eligibility is based on minimum age and service-related requirements as well as job classification. The consolidated plan replaced the separate qualified plans covering legacy Hancock employees (Hancock Plan) and legacy Whitney employees (Whitney Plan). The new qualified plan terms are substantially the same for legacy Hancock employees as those in effect at December 31, 2012 under the Hancock Plan. Retirement benefits for eligible legacy Whitney employees under the new plan will be based on the employee’s accrued benefit under the Whitney Plan as of December 31, 2012 plus any benefit accrued under the new plan based on years of service and compensation beginning in 2013. The Whitney Plan had been closed to new participants since 2008, and benefit accruals had been frozen for all participants other than those meeting certain vesting, age and years of service criteria as of December 31, 2008. Accrued benefits under the 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 table shows the components of net periodic benefits cost included in expense for the plans. | |||||||||||||||||
Three Months ended September 30, | |||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
Other Post- | |||||||||||||||||
Pension benefits | retirement Benefits | ||||||||||||||||
Service cost | $ | 3,969 | $ | 3,249 | $ | 52 | $ | 48 | |||||||||
Interest cost | 4,151 | 4,301 | 327 | 361 | |||||||||||||
Expected return on plan assets | (6,982 | ) | (6,350 | ) | — | — | |||||||||||
Amortization of prior service cost | — | — | — | (13 | ) | ||||||||||||
Amortization of net loss | 1,605 | 1,645 | 459 | 176 | |||||||||||||
Amortization of transition obligation | — | — | — | 1 | |||||||||||||
Net periodic benefit cost | $ | 2,743 | $ | 2,845 | $ | 838 | $ | 573 | |||||||||
Nine Months Ended September 30, | |||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
Pension benefits | Other Post- | ||||||||||||||||
retirement Benefits | |||||||||||||||||
Service cost | $ | 11,905 | $ | 9,743 | $ | 162 | $ | 144 | |||||||||
Interest cost | 12,457 | 12,904 | 987 | 1,083 | |||||||||||||
Expected return on plan assets | (20,946 | ) | (19,049 | ) | — | — | |||||||||||
Amortization of prior service cost | — | — | — | (41 | ) | ||||||||||||
Amortization of net loss | 4,813 | 4,936 | 1,320 | 530 | |||||||||||||
Amortization of transition obligation | — | — | — | 4 | |||||||||||||
Net periodic benefit cost | $ | 8,229 | $ | 8,534 | $ | 2,469 | $ | 1,720 | |||||||||
The Company anticipates a total contribution to the pension plan of $10 million for 2013. | |||||||||||||||||
Effective January 1, 2013, the Company also combined the Hancock and Whitney defined contribution retirement benefit plans (401(k) plans). Under the combined plan, the Company matches 100% of the first 1% of compensation saved by a participant, and 50% of the next 5% of compensation saved. Under the prior Hancock 401(k) plan, the Company matched 50% of a participant’s savings up to 6% of compensation, while under the prior Whitney 401(k) plan, the Company matched 100% of a participant’s savings up to 4% of compensation. The Company could also make a discretionary profit sharing contribution under the Whitney plan on behalf of participants who were either ineligible to participate in the Whitney qualified defined-benefit pension plan or subject to the freeze in benefit accruals under that plan. With the adoption of the new qualified pension plan discussed above and the combined 401(k) plan, the discretionary profit-sharing contribution is no longer available for plan years beginning in 2013. |
Other_Noninterest_Income
Other Noninterest Income | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Other Income And Expenses [Abstract] | ' | ||||||||||||||||
Other Noninterest Income | ' | ||||||||||||||||
10. Other Noninterest Income | |||||||||||||||||
Components of other noninterest income are as follows: | |||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
(In thousands) | |||||||||||||||||
Income from bank owned life insurance | $ | 2,574 | $ | 2,870 | $ | 8,764 | $ | 8,617 | |||||||||
Credit related fees | 2,995 | 1,545 | 5,969 | 5,130 | |||||||||||||
Income from derivatives | 1,257 | 455 | 3,296 | 2,091 | |||||||||||||
Safety deposit box income | 467 | 502 | 1,480 | 1,524 | |||||||||||||
Gain/(loss) on sale of assets | 801 | 2,705 | 1,277 | 2,909 | |||||||||||||
Other miscellaneous | 1,432 | 1,693 | 5,863 | 10,830 | |||||||||||||
Total other noninterest income | $ | 9,526 | $ | 9,770 | $ | 26,649 | $ | 31,101 |
Other_Noninterest_Expense
Other Noninterest Expense | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Other Income And Expenses [Abstract] | ' | ||||||||||||||||
Other Noninterest Expense | ' | ||||||||||||||||
11. Other Noninterest Expense | |||||||||||||||||
Components of other noninterest expense are as follows: | |||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
(In thousands) | |||||||||||||||||
Insurance expense | $ | 887 | $ | 1,207 | $ | 3,018 | $ | 4,428 | |||||||||
Ad valorem and franchise taxes | 2,809 | 2,185 | 7,193 | 6,608 | |||||||||||||
Printing and supplies | 1,143 | 1,488 | 3,963 | 6,162 | |||||||||||||
Public relations and contributions | 969 | 1,065 | 3,960 | 4,827 | |||||||||||||
Travel expense | 1,074 | 1,282 | 3,475 | 4,464 | |||||||||||||
Other real estate owned expense, net | 2,439 | 4,590 | 6,502 | 11,630 | |||||||||||||
Tax credit investment amortization | 4,880 | 1,513 | 7,553 | 4,538 | |||||||||||||
Other miscellaneous | 19,851 | 4,488 | 32,504 | 19,311 | |||||||||||||
Total other noninterest expense | $ | 34,052 | $ | 17,818 | $ | 68,168 | $ | 61,968 | |||||||||
Other miscellaneous expenses include one-time expenses related to branch closings in 2013 and merger-related expenses and costs associated with the early redemption of a portion of Whitney Bank’s subordinated debt in 2012. | |||||||||||||||||
Segment_Reporting
Segment Reporting | 9 Months Ended | ||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||
Segment Reporting [Abstract] | ' | ||||||||||||||||||||
Segment Reporting | ' | ||||||||||||||||||||
12. Segment Reporting | |||||||||||||||||||||
The Company’s reportable operating segments consist of the Hancock segment, which coincides generally with the Company’s Hancock Bank subsidiary, and the Whitney segment, which coincides generally with its Whitney Bank subsidiary. Each of the bank segments offers commercial, consumer and mortgage loans and deposit services as well as certain other services, such as trust and treasury management services. Although the bank segments offer the same products and services, they are managed separately due to different pricing, product demand, and consumer markets. In addition, the “Other” column in the following tables includes activities of other consolidated subsidiaries which do not constitute reportable segments under the quantitative and aggregation accounting guidelines. These subsidiaries provide investment services, insurance agency services, and various other services to third parties. | |||||||||||||||||||||
Three Months Ended September 30, 2013 | |||||||||||||||||||||
Hancock | Whitney | Other | Eliminations | Consolidated | |||||||||||||||||
Interest income | $ | 66,509 | $ | 109,909 | $ | 6,336 | $ | (1,115 | ) | $ | 181,639 | ||||||||||
Interest expense | (4,318 | ) | (4,583 | ) | (2,208 | ) | 1,000 | $ | (10,109 | ) | |||||||||||
Net interest income | 62,191 | 105,326 | 4,128 | (115 | ) | 171,530 | |||||||||||||||
Provision for loan losses | (7,479 | ) | 899 | (989 | ) | — | (7,569 | ) | |||||||||||||
Noninterest income | 18,527 | 34,366 | 10,174 | (10 | ) | 63,057 | |||||||||||||||
Depreciation and amortization | (3,983 | ) | (3,868 | ) | (306 | ) | — | (8,157 | ) | ||||||||||||
Other noninterest expense | (65,756 | ) | (96,334 | ) | (11,968 | ) | 10 | (174,048 | ) | ||||||||||||
Income before income taxes | 3,500 | 40,389 | 1,039 | (115 | ) | 44,813 | |||||||||||||||
Income tax expense | 338 | 10,619 | 654 | — | 11,611 | ||||||||||||||||
Net income | $ | 3,162 | $ | 29,770 | $ | 385 | $ | (115 | ) | $ | 33,202 | ||||||||||
Goodwill | $ | 94,130 | $ | 527,063 | $ | 4,482 | $ | — | $ | 625,675 | |||||||||||
Total assets | $ | 6,513,536 | $ | 12,620,550 | $ | 2,747,834 | $ | (3,080,074 | ) | $ | 18,801,846 | ||||||||||
Total interest income from affiliates | $ | 807 | $ | 308 | $ | — | $ | (1,115 | ) | $ | — | ||||||||||
Total interest income from external customers | $ | 65,702 | $ | 109,601 | $ | 6,336 | $ | — | $ | 181,639 | |||||||||||
Three Months Ended September 30, 2012 | |||||||||||||||||||||
Hancock | Whitney | Other | Eliminations | Consolidated | |||||||||||||||||
Interest income | $ | 73,558 | $ | 110,917 | $ | 6,068 | $ | (1,338 | ) | $ | 189,205 | ||||||||||
Interest expense | (5,402 | ) | (5,669 | ) | (2,100 | ) | 1,222 | $ | (11,949 | ) | |||||||||||
Net interest income | 68,156 | 105,248 | 3,968 | (116 | ) | 177,256 | |||||||||||||||
Provision for loan losses | (4,814 | ) | (2,353 | ) | (934 | ) | — | (8,101 | ) | ||||||||||||
Noninterest income | 20,205 | 31,938 | 10,722 | (23 | ) | 62,842 | |||||||||||||||
Depreciation and amortization | (3,830 | ) | (3,981 | ) | (256 | ) | — | (8,067 | ) | ||||||||||||
Other noninterest expense | (59,821 | ) | (90,087 | ) | (11,761 | ) | 22 | (161,647 | ) | ||||||||||||
Securities transactions | 94 | 823 | — | — | 917 | ||||||||||||||||
Income before income taxes | 19,990 | 41,588 | 1,739 | (117 | ) | 63,200 | |||||||||||||||
Income tax expense | 5,433 | 10,130 | 653 | — | 16,216 | ||||||||||||||||
Net income | $ | 14,556 | $ | 31,458 | $ | 1,086 | $ | (117 | ) | $ | 46,984 | ||||||||||
Goodwill | $ | 94,130 | $ | 530,265 | $ | 4,482 | $ | — | $ | 628,877 | |||||||||||
Total assets | $ | 6,390,378 | $ | 12,343,043 | $ | 2,737,061 | $ | (2,946,352 | ) | $ | 18,524,130 | ||||||||||
Total interest income from affiliates | $ | 1,010 | $ | 328 | $ | — | $ | (1,338 | ) | $ | — | ||||||||||
Total interest income from external customers | $ | 72,548 | $ | 110,589 | $ | 6,068 | $ | — | $ | 189,205 | |||||||||||
Nine Months Ended September 30, 2013 | |||||||||||||||||||||
Hancock | Whitney | Other | Eliminations | Consolidated | |||||||||||||||||
Interest income | $ | 198,115 | $ | 333,322 | $ | 18,612 | $ | (3,489 | ) | $ | 546,560 | ||||||||||
Interest expense | (13,753 | ) | (14,162 | ) | (7,065 | ) | 3,144 | (31,836 | ) | ||||||||||||
Net interest income | 184,362 | 319,160 | 11,547 | (345 | ) | 514,724 | |||||||||||||||
Provision for loan losses | (15,986 | ) | (6,016 | ) | (3,402 | ) | — | (25,404 | ) | ||||||||||||
Noninterest income | 56,804 | 97,278 | 33,093 | (34 | ) | 187,141 | |||||||||||||||
Depreciation and amortization | (11,572 | ) | (11,698 | ) | (908 | ) | — | (24,178 | ) | ||||||||||||
Other noninterest expense | (173,037 | ) | (269,735 | ) | (37,141 | ) | 34 | (479,879 | ) | ||||||||||||
Income before income taxes | 40,571 | 128,989 | 3,189 | (345 | ) | 172,404 | |||||||||||||||
Income tax expense | 7,521 | 34,133 | 2,110 | — | 43,764 | ||||||||||||||||
Net income | $ | 33,050 | $ | 94,856 | $ | 1,079 | $ | (345 | ) | $ | 128,640 | ||||||||||
Goodwill | $ | 94,130 | $ | 527,063 | $ | 4,482 | $ | — | $ | 625,675 | |||||||||||
Total assets | $ | 6,513,536 | $ | 12,620,550 | $ | 2,747,834 | $ | (3,080,074 | ) | $ | 18,801,846 | ||||||||||
Total interest income from affiliates | $ | 2,741 | $ | 748 | $ | — | $ | (3,489 | ) | $ | — | ||||||||||
Total interest income from external customers | $ | 195,374 | $ | 332,574 | $ | 18,612 | $ | — | $ | 546,560 | |||||||||||
Nine Months Ended September 30, 2012 | |||||||||||||||||||||
Hancock | Whitney | Other | Eliminations | Consolidated | |||||||||||||||||
Interest income | $ | 201,525 | $ | 355,776 | $ | 17,839 | $ | (3,730 | ) | $ | 571,410 | ||||||||||
Interest expense | (17,587 | ) | (19,915 | ) | (6,290 | ) | 3,385 | (40,407 | ) | ||||||||||||
Net interest income | 183,938 | 335,861 | 11,549 | (345 | ) | 531,003 | |||||||||||||||
Provision for loan losses | (7,313 | ) | (18,696 | ) | (132 | ) | — | (26,141 | ) | ||||||||||||
Noninterest income | 59,644 | 98,122 | 30,149 | (27 | ) | 187,888 | |||||||||||||||
Depreciation and amortization | (10,884 | ) | (13,596 | ) | (749 | ) | — | (25,229 | ) | ||||||||||||
Other noninterest expense | (174,796 | ) | (320,985 | ) | (34,166 | ) | 27 | (529,920 | ) | ||||||||||||
Securities transactions | 98 | 824 | 7 | — | 929 | ||||||||||||||||
Income before income taxes | 50,687 | 81,530 | 6,658 | (345 | ) | 138,530 | |||||||||||||||
Income tax expense | 11,808 | 18,938 | 3,001 | — | 33,747 | ||||||||||||||||
Net income | $ | 38,879 | $ | 62,592 | $ | 3,657 | $ | (345 | ) | $ | 104,783 | ||||||||||
Goodwill | $ | 94,130 | $ | 530,265 | $ | 4,482 | $ | — | $ | 628,877 | |||||||||||
Total assets | $ | 6,390,378 | $ | 12,343,043 | $ | 2,737,061 | $ | (2,946,352 | ) | $ | 18,524,130 | ||||||||||
Total interest income from affiliates | $ | 3,033 | $ | 697 | $ | — | $ | (3,730 | ) | $ | — | ||||||||||
Total interest income from external customers | $ | 198,492 | $ | 355,079 | $ | 17,839 | $ | — | $ | 571,410 |
New_Accounting_Pronouncements
New Accounting Pronouncements | 9 Months Ended |
Sep. 30, 2013 | |
Accounting Changes And Error Corrections [Abstract] | ' |
New Accounting Pronouncements | ' |
13. New Accounting Pronouncements | |
In July 2013, the Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU) that applies to companies that have unrecognized tax benefits when net operating loss (NOL) or similar tax loss carryforwards or tax credit carryforwards exist at the reporting date. Under the updated guidance, an entity should present its unrecognized tax benefits net against the deferred tax assets for all same jurisdiction NOL or similar tax loss carryforwards, or tax credit carryforwards that are available to and would be used by the entity to settle additional income taxes resulting from disallowance of the uncertain tax position. The ASU is effective for interim and annual reporting periods beginning after December 15, 2013. The adoption of this guidance is not expected to have a material impact on the Company’s financial condition or results of operations. | |
In July 2013, the FASB issued an ASU to allow entities to use the Fed Funds Effective Swap Rate (or Overnight Index Swap Rate) as a U.S. benchmark interest rate for hedge accounting purposes. Previously, only the interest rates on direct Treasury obligations of the United States and the London Interbank Offered Rate swap rate were considered benchmark rates. The amendment also removed the restriction requiring entities to use the same benchmark rate for similar hedges. This ASU is effective prospectively for qualifying new or redesignated hedging relationships entered into on or after July 17, 2013. The adoption of this guidance did not have a material impact on the Company’s financial condition or results of operations. | |
In February 2013, the FASB issued an ASU to improve the reporting of amounts reclassified out of accumulated other comprehensive income. The updated guidance requires an entity to present, either on the face of the statement where net income is presented or in the notes, the effects on the line items of net income of significant amounts reclassified out of accumulated other comprehensive income, but only if the amount reclassified is required under U.S. GAAP to be reclassified to net income in its entirety in the same reporting period. For other amounts that are not required under U.S. GAAP to be reclassified in their entirety to net income, an entity must cross-reference to other required disclosures that provide additional details about those amounts. This ASU is effective for interim and annual reporting periods beginning after December 15, 2012. Because this updated guidance impacts only disclosures in financial statements and does not change the current requirements for reporting net income or other comprehensive income in financial statements, its implementation did not impact the Company’s financial condition or results of operations. | |
In October 2012, the FASB issued an ASU for entities that recognize an indemnification asset as a result of a government-assisted acquisition of a financial institution. When there is a change in the cash flows expected to be collected on the indemnification asset as a result of a change in cash flows expected to be collected on the assets subject to indemnification, the reporting entity should subsequently account for the change in the measurement of the indemnification asset on the same basis as the change in the assets subject to indemnification. Any amortization of changes in value should be limited to the contractual term of the indemnification agreement (that is, the lesser of the term of the indemnification agreement and the remaining life of the indemnified assets). The amendments in this update are effective for fiscal years, and interim periods within those years, beginning on or after December 15, 2012. The updated guidance is applied prospectively to any new indemnification assets acquired after the date of adoption and to indemnification assets existing as of the date of adoption arising from a government-assisted acquisition of a financial institution. The Company’s current accounting policy complies with the guidance in this update. | |
In July 2012, FASB issued an ASU that specifies that an entity has the option first to assess qualitative factors to determine whether the existence of events and circumstances indicates that it is more likely than not that the indefinite-lived intangible asset is impaired. If, after assessing the totality of events and circumstances, an entity concludes that it is not more likely than not that the indefinite-lived intangible asset is impaired, then the entity is not required to take further action. However, if an entity concludes otherwise, then it is required to determine the fair value of the indefinite-lived intangible asset and perform the quantitative impairment test by comparing the fair value with the carrying amount. Under the guidance in this ASU, an entity also has the option to bypass the qualitative assessment for any indefinite-lived intangible asset in any period and proceed directly to performing the quantitative impairment test. An entity will be able to resume performing the qualitative assessment in any subsequent period. The guidance in this ASU was effective for annual and interim impairment tests performed for fiscal years beginning after September 15, 2012, with early adoption permitted. The adoption of this guidance did not have a material impact on the Company’s financial condition or results of operations. | |
In December 2011, the FASB issued an ASU to address the differences between international financial reporting standards (IFRS) and U.S. GAAP regarding the offsetting of assets and liabilities. Instead of proposing new criteria for netting assets and liabilities the FASB and International Accounting Standards Board (IASB) jointly issued common disclosure requirements related to offsetting arrangements that call for the disclosure of both net and gross information for these assets and liabilities, irrespective of whether they are offset on the statement of financial position. In January 2013, the FASB clarified that these disclosure requirements apply only to derivatives, repurchase and reverse repurchase agreements, and securities borrowing and lending transactions that are either offset in accordance with existing accounting guidance or subject to a master netting arrangement or similar agreement. An entity is required to provide the new disclosures for annual and interim reporting periods beginning on or after January 1, 2013. This guidance impacts only the disclosures in financial statements and did not impact the Company’s financial condition or results of operations. | |
Basis_of_Presentation_Policies
Basis of Presentation (Policies) | 9 Months Ended | |||
Sep. 30, 2013 | ||||
Accounting Policies [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. (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 2012 Annual Report on Form 10-K. 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. | ||||
Use of Estimates | ' | |||
Use of Estimates | ||||
The accounting principles the Company follows and the methods for applying these principles conform with U.S. GAAP and with those generally practiced within 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. | ||||
Critical Accounting Policies and Estimates | ' | |||
Critical Accounting Policies and Estimates | ||||
Allowance for Loan Losses | ||||
The allowance for loan and lease losses (ALLL) is a valuation account available to absorb losses on loans. The ALLL is maintained at an amount sufficient to cover the estimated credit losses associated with the loan and lease portfolios of the Company as of the date of the determination. Credit losses arise not only from credit risk, but also from other risks inherent in the lending process including, but not limited to, collateral risk, operational risk, concentration risk, and economic risk. As such, all related risks of lending are considered when assessing the adequacy of the allowance for loan and lease losses. Quarterly, management estimates the inherent losses in the existing loan portfolio based on a number of factors, including the Company’s past loan loss and delinquency experience, known and inherent risks in the portfolio, adverse situations that may affect the borrowers’ ability to repay, the estimated value of any underlying collateral and current economic conditions. | ||||
The analysis and methodology for estimating the ALLL include two primary elements. A loss rate analysis which incorporates a historical loss rate as updated for current conditions is used for loans collectively evaluated for impairment, and a specific reserve analysis is used for loans individually evaluated for impairment. | ||||
During the second quarter of 2013, management revised the methodology for the loss-rate analysis for the originated and acquired-performing loan portfolios due to the increased size and complexity of the Company’s commercial loan portfolio. The primary changes in the methodology were to segment loans with similar risk characteristics at a more granular level and to lengthen the period used for analyzing loss emergence and estimating loss factors. The changes were implemented as of April 1, 2013 and resulted in no material change in the total amount of the allowance for loan losses. Management made the following principal changes to the methodology during the second quarter of 2013: | ||||
• | Established a more granular stratification of the major loan segments to enhance the homogeneity of the loan classes. For the loss-rate analysis, the Company previously segmented loans into three primary groups—commercial, residential mortgage and consumer. The revised loan segments are commercial non-real estate, construction and land development, commercial real estate, residential mortgage and consumer. Both quantitative and qualitative factors are applied at the more detailed portfolio segments. | |||
• | Included portfolio risk ratings in loss-rate analysis. Commercial loans (commercial non-real estate, construction and land development and commercial real estate) are further subdivided by risk rating, and retail loans (residential mortgage and consumer) are further subdivided by delinquency. Previously, the methodology indirectly incorporated risk ratings and delinquencies. | |||
• | Lengthened the loss emergence period. The Company uses an eighteen month loss emergence period for commercial loans and a twelve month loss emergence period for retail loans. Historical loss rates are calculated for each commercial segment using a weighted average of three eighteen-month periods over a fourteen quarter look-back period, and for each retail segment using a weighted average of three twelve-month periods over a twelve quarter look-back period. Previously, historical loss rates for all loan segments were calculated using an average of three twelve month loss emergence periods over a three year look back period. As circumstances dictate, management will make adjustments to the loss history to reflect differences in current conditions as compared to those during the historical loss period. Conditions to be considered include problem loan trends, current business and economic conditions, credit concentrations, lending policies and procedures, lending staff, collateral values, loan profiles and volumes, loan review quality, and changes in competition and regulations. | |||
There were no changes in the methodology for the specific reserve analysis for loans individually evaluated for impairment or acquired credit-impaired loans. | ||||
There were no other 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 our Form 10-K for the year ended December 31, 2012. | ||||
Securities_Tables
Securities (Tables) | 9 Months Ended | ||||||||||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||||||||||
Amortized Cost and Fair Value of Available for Sale Securities | ' | ||||||||||||||||||||||||||||||||
The amortized cost and fair value of securities classified as available for sale and held to maturity follow (in thousands): | |||||||||||||||||||||||||||||||||
Securitites Available for Sale | |||||||||||||||||||||||||||||||||
September 30, 2013 | December 31, 2012 | ||||||||||||||||||||||||||||||||
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 | $ | 615 | $ | 6 | $ | 1 | $ | 620 | $ | 18,246 | $ | 19 | $ | — | $ | 18,265 | |||||||||||||||||
Municipal obligations | 43,573 | 197 | 122 | 43,648 | 49,608 | 571 | 14 | 50,165 | |||||||||||||||||||||||||
Mortgage-backed securities | 1,337,251 | 29,214 | 6,495 | 1,359,970 | 1,715,524 | 58,903 | 21 | 1,774,406 | |||||||||||||||||||||||||
CMOs | 46,288 | — | 1,256 | 45,032 | 196,723 | 1,354 | — | 198,077 | |||||||||||||||||||||||||
Corporate debt securities | 3,500 | — | — | 3,500 | 2,250 | — | — | 2,250 | |||||||||||||||||||||||||
Other equity securities | 4,596 | 774 | 20 | 5,350 | 4,531 | 752 | 4 | 5,279 | |||||||||||||||||||||||||
$ | 1,435,823 | $ | 30,191 | $ | 7,894 | $ | 1,458,120 | $ | 1,986,882 | $ | 61,599 | $ | 39 | $ | 2,048,442 | ||||||||||||||||||
Amortized Cost and Fair Value of Held to Maturity Securities | ' | ||||||||||||||||||||||||||||||||
Securitites Held to Maturity | |||||||||||||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | ||||||||||||||||||||||||||||||||
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 | $ | 100,000 | $ | 688 | $ | — | $ | 100,688 | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||
Municipal obligations | 195,662 | 1,137 | 5,291 | 191,508 | 164,493 | 16,017 | — | 180,510 | |||||||||||||||||||||||||
Mortgage-backed securities | 995,686 | 9,273 | 2,118 | 1,002,841 | 180,397 | 3,429 | — | 183,826 | |||||||||||||||||||||||||
CMOs | 1,374,734 | 2,615 | 18,519 | 1,358,830 | 1,323,128 | 23,942 | 941 | 1,346,129 | |||||||||||||||||||||||||
$ | 2,666,082 | $ | 13,713 | $ | 25,928 | $ | 2,653,867 | $ | 1,668,018 | $ | 43,388 | $ | 941 | $ | 1,710,465 | ||||||||||||||||||
Available for Sale Securities Unrealized Losses | ' | ||||||||||||||||||||||||||||||||
The details for securities classified as available for sale with unrealized losses as of September 30, 2013 follow (in thousands): | |||||||||||||||||||||||||||||||||
Losses < 12 months | Losses 12 months or > | Total | |||||||||||||||||||||||||||||||
Gross | Gross | Gross | |||||||||||||||||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | ||||||||||||||||||||||||||||
Value | Losses | Value | Losses | Value | Losses | ||||||||||||||||||||||||||||
US Treasury and government agency securities | $ | — | $ | — | $ | 104 | $ | 1 | $ | 104 | $ | 1 | |||||||||||||||||||||
Municipal obligations | 13,647 | 122 | — | — | 13,647 | 122 | |||||||||||||||||||||||||||
Mortgage-backed securities | 144,859 | 6,488 | 379 | 7 | 145,238 | 6,495 | |||||||||||||||||||||||||||
CMOs | 45,032 | 1,256 | — | — | 45,032 | 1,256 | |||||||||||||||||||||||||||
Equity securities | 3,290 | 19 | 2 | 1 | 3,292 | 20 | |||||||||||||||||||||||||||
$ | 206,828 | $ | 7,885 | $ | 485 | $ | 9 | $ | 207,313 | $ | 7,894 | ||||||||||||||||||||||
The details for securities classified as available for sale with unrealized losses as of December 31, 2012 follows (in thousands): | |||||||||||||||||||||||||||||||||
Losses < 12 months | Losses 12 months or > | Total | |||||||||||||||||||||||||||||||
Gross | Gross | Gross | |||||||||||||||||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | ||||||||||||||||||||||||||||
Value | Losses | Value | Losses | Value | Losses | ||||||||||||||||||||||||||||
Municipal obligations | $ | 5,278 | $ | 14 | $ | — | $ | — | $ | 5,278 | $ | 14 | |||||||||||||||||||||
Mortgage-backed securities | 57,752 | 14 | 1,097 | 7 | 58,849 | 21 | |||||||||||||||||||||||||||
Equity securities | 268 | 2 | 2 | 2 | 270 | 4 | |||||||||||||||||||||||||||
$ | 63,298 | $ | 30 | $ | 1,099 | $ | 9 | $ | 64,397 | $ | 39 | ||||||||||||||||||||||
Held to Maturity with Unrealized Losses | ' | ||||||||||||||||||||||||||||||||
The details for securities classified as held to maturity with unrealized losses as of September 30, 2013 follows (in thousands): | |||||||||||||||||||||||||||||||||
Losses < 12 months | Losses 12 months or > | Total | |||||||||||||||||||||||||||||||
Gross | Gross | Gross | |||||||||||||||||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | ||||||||||||||||||||||||||||
Value | Losses | Value | Losses | Value | Losses | ||||||||||||||||||||||||||||
Municpal obligations | $ | 115,901 | $ | 5,252 | $ | 1,253 | $ | 39 | $ | 117,154 | $ | 5,291 | |||||||||||||||||||||
Mortgage-backed securities | 147,019 | 2,118 | — | — | 147,019 | 2,118 | |||||||||||||||||||||||||||
CMOs | 720,157 | 17,377 | 280,855 | 1,142 | 1,001,012 | 18,519 | |||||||||||||||||||||||||||
$ | 983,077 | $ | 24,747 | $ | 282,108 | $ | 1,181 | $ | 1,265,185 | $ | 25,928 | ||||||||||||||||||||||
The details for securities classified as held to maturity with unrealized losses as of December 31, 2012 follows (in thousands): | |||||||||||||||||||||||||||||||||
Losses < 12 months | Losses 12 months or > | Total | |||||||||||||||||||||||||||||||
Gross | Gross | Gross | |||||||||||||||||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | ||||||||||||||||||||||||||||
Value | Losses | Value | Losses | Value | Losses | ||||||||||||||||||||||||||||
CMOs | $ | 87,852 | $ | 259 | $ | 54,445 | $ | 682 | $ | 142,297 | $ | 941 | |||||||||||||||||||||
$ | 87,852 | $ | 259 | $ | 54,445 | $ | 682 | $ | 142,297 | $ | 941 | ||||||||||||||||||||||
Available for Sale Securities [Member] | ' | ||||||||||||||||||||||||||||||||
Amortized Cost and Fair Value of Available for Sale Securities by Contractual Maturity | ' | ||||||||||||||||||||||||||||||||
The following table presents the amortized cost and fair value of debt securities at September 30, 2013 by final contractual maturity (in thousands). Actual maturities will differ from final contractual maturities because of scheduled and early principal payments on mortgage-backed securities and CMOs and rights to call or repay other obligations with or without penalties. | |||||||||||||||||||||||||||||||||
Amortized | Fair | ||||||||||||||||||||||||||||||||
Cost | Value | ||||||||||||||||||||||||||||||||
Debt Securities Available for Sale | |||||||||||||||||||||||||||||||||
Due in one year or less | $ | 23,895 | $ | 24,010 | |||||||||||||||||||||||||||||
Due after one year through five years | 130,419 | 130,124 | |||||||||||||||||||||||||||||||
Due after five years through ten years | 154,962 | 161,485 | |||||||||||||||||||||||||||||||
Due after ten years | 1,121,951 | 1,137,151 | |||||||||||||||||||||||||||||||
Total available for sale debt securities | $ | 1,431,227 | $ | 1,452,770 | |||||||||||||||||||||||||||||
HTM Securities Transferred from AFS [Member] | ' | ||||||||||||||||||||||||||||||||
Amortized Cost and Fair Value of Available for Sale Securities by Contractual Maturity | ' | ||||||||||||||||||||||||||||||||
Amortized | Fair | ||||||||||||||||||||||||||||||||
Cost | Value | ||||||||||||||||||||||||||||||||
Debt Securities Held to Maturity | |||||||||||||||||||||||||||||||||
Due in one year or less | $ | 107,697 | $ | 108,407 | |||||||||||||||||||||||||||||
Due after one year through five years | 669,896 | 655,554 | |||||||||||||||||||||||||||||||
Due after five years through ten years | 121,588 | 117,864 | |||||||||||||||||||||||||||||||
Due after ten years | 1,766,901 | 1,772,042 | |||||||||||||||||||||||||||||||
Total held to maturity securities | $ | 2,666,082 | $ | 2,653,867 | |||||||||||||||||||||||||||||
Loans_and_Allowance_for_Loan_L1
Loans and Allowance for Loan Losses (Tables) | 9 Months Ended | ||||||||||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||||||||||
Loans, Net of Unearned Income | ' | ||||||||||||||||||||||||||||||||
Loans, net of unearned income, consisted of the following: | |||||||||||||||||||||||||||||||||
September 30, | December 31, | ||||||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||||||
Originated loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | $ | 3,633,490 | $ | 2,713,385 | |||||||||||||||||||||||||||||
Construction and land development | 738,983 | 665,673 | |||||||||||||||||||||||||||||||
Commercial real estate | 1,816,402 | 1,548,402 | |||||||||||||||||||||||||||||||
Residential mortgages | 1,124,649 | 827,985 | |||||||||||||||||||||||||||||||
Consumer | 1,387,243 | 1,351,776 | |||||||||||||||||||||||||||||||
Total originated loans | $ | 8,700,767 | $ | 7,107,221 | |||||||||||||||||||||||||||||
Acquired loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | $ | 967,485 | $ | 1,690,643 | |||||||||||||||||||||||||||||
Construction and land development | 158,228 | 295,151 | |||||||||||||||||||||||||||||||
Commercial real estate | 1,038,287 | 1,279,546 | |||||||||||||||||||||||||||||||
Residential mortgages | 347,054 | 486,444 | |||||||||||||||||||||||||||||||
Consumer | 130,649 | 202,974 | |||||||||||||||||||||||||||||||
Total acquired loans | $ | 2,641,703 | $ | 3,954,758 | |||||||||||||||||||||||||||||
Covered loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | $ | 24,340 | $ | 29,260 | |||||||||||||||||||||||||||||
Construction and land development | 23,197 | 28,482 | |||||||||||||||||||||||||||||||
Commercial real estate | 60,280 | 95,146 | |||||||||||||||||||||||||||||||
Residential mortgages | 223,494 | 263,515 | |||||||||||||||||||||||||||||||
Consumer | 60,691 | 99,420 | |||||||||||||||||||||||||||||||
Total covered loans | $ | 392,002 | $ | 515,823 | |||||||||||||||||||||||||||||
Total loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | $ | 4,625,315 | $ | 4,433,288 | |||||||||||||||||||||||||||||
Construction and land development | 920,408 | 989,306 | |||||||||||||||||||||||||||||||
Commercial real estate | 2,914,969 | 2,923,094 | |||||||||||||||||||||||||||||||
Residential mortgages | 1,695,197 | 1,577,944 | |||||||||||||||||||||||||||||||
Consumer | 1,578,583 | 1,654,170 | |||||||||||||||||||||||||||||||
Total loans | $ | 11,734,472 | $ | 11,577,802 | |||||||||||||||||||||||||||||
Schedule of Activity in Loss Share Receivable | ' | ||||||||||||||||||||||||||||||||
The following schedule shows activity in the loss share receivable for the nine months ended September 30, 2013 and 2012 (in thousands): | |||||||||||||||||||||||||||||||||
Nine Months Ended | |||||||||||||||||||||||||||||||||
September 30, | September 30, | ||||||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||||||
Balance, January 1 | $ | 177,844 | $ | 231,085 | |||||||||||||||||||||||||||||
Accretion (amortization) | (590 | ) | 5,000 | ||||||||||||||||||||||||||||||
Charge-offs, write-downs and other losses | (190 | ) | 36,685 | ||||||||||||||||||||||||||||||
External expenses qualifying under loss share agreement | 7,918 | 7,422 | |||||||||||||||||||||||||||||||
Payments received from the FDIC | (60,886 | ) | (84,130 | ) | |||||||||||||||||||||||||||||
Ending balance | $ | 124,096 | $ | 196,062 | |||||||||||||||||||||||||||||
Allowance for Loan Losses by Portfolio Segment and Related Recorded Investment in Loans | ' | ||||||||||||||||||||||||||||||||
The following schedule shows activity in the allowance for loan losses by portfolio segment for the nine months ended September 30, 2013 and September 30, 2012 as well as the corresponding recorded investment in loans at the end of each period. | |||||||||||||||||||||||||||||||||
Construction | |||||||||||||||||||||||||||||||||
Commercial | and land | Commercial | Residential | ||||||||||||||||||||||||||||||
non-real estate | development | real estate | mortgages | Consumer | Total | ||||||||||||||||||||||||||||
(In thousands) | Nine Months Ended September 30, 2013 | ||||||||||||||||||||||||||||||||
Originated loans | |||||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||
Beginning balance | $ | 20,775 | $ | 11,415 | $ | 26,959 | $ | 6,406 | $ | 13,219 | $ | 78,774 | |||||||||||||||||||||
Charge-offs | (5,199 | ) | (7,548 | ) | (3,718 | ) | (1,549 | ) | (13,372 | ) | (31,386 | ) | |||||||||||||||||||||
Recoveries | 3,381 | 1,243 | 2,340 | 991 | 4,336 | 12,291 | |||||||||||||||||||||||||||
Net provision for loan losses | 11,152 | 2,072 | (3,698 | ) | 64 | 8,152 | 17,742 | ||||||||||||||||||||||||||
Ending balance | $ | 30,109 | $ | 7,182 | $ | 21,883 | $ | 5,912 | $ | 12,335 | $ | 77,421 | |||||||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 325 | $ | 211 | $ | 946 | $ | — | $ | — | $ | 1,482 | |||||||||||||||||||||
Collectively evaluated for impairment | $ | 29,784 | $ | 6,971 | $ | 20,937 | $ | 5,912 | $ | 12,335 | $ | 75,939 | |||||||||||||||||||||
Loans: | |||||||||||||||||||||||||||||||||
Ending balance: | $ | 3,633,490 | $ | 738,983 | $ | 1,816,402 | $ | 1,124,649 | $ | 1,387,243 | $ | 8,700,767 | |||||||||||||||||||||
Individually evaluated for impairment | $ | 8,911 | $ | 16,044 | $ | 21,170 | $ | — | $ | — | $ | 46,125 | |||||||||||||||||||||
Collectively evaluated for impairment | $ | 3,624,579 | $ | 722,939 | $ | 1,795,232 | $ | 1,124,649 | $ | 1,387,243 | $ | 8,654,642 | |||||||||||||||||||||
Acquired loans | |||||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||
Beginning balance | $ | 788 | $ | — | $ | — | $ | — | $ | — | $ | 788 | |||||||||||||||||||||
Charge-offs | — | — | — | — | — | — | |||||||||||||||||||||||||||
Recoveries | — | — | — | — | — | — | |||||||||||||||||||||||||||
Net provision for loan losses | (788 | ) | — | 463 | — | — | (325 | ) | |||||||||||||||||||||||||
Ending balance | $ | — | $ | — | $ | 463 | $ | — | $ | — | $ | 463 | |||||||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | — | $ | — | $ | 463 | $ | — | $ | — | $ | 463 | |||||||||||||||||||||
Collectively evaluated for impairment | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||||||
Acquired-impaired | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||||||
Loans: | |||||||||||||||||||||||||||||||||
Ending balance: | $ | 967,485 | $ | 158,228 | $ | 1,038,287 | $ | 347,054 | $ | 130,649 | $ | 2,641,703 | |||||||||||||||||||||
Individually evaluated for impairment | $ | 2,179 | $ | 730 | $ | 2,371 | $ | 502 | $ | — | $ | 5,782 | |||||||||||||||||||||
Collectively evaluated for impairment | $ | 946,339 | $ | 142,418 | $ | 1,010,484 | $ | 341,165 | $ | 130,544 | $ | 2,570,950 | |||||||||||||||||||||
Acquired-impaired | $ | 18,967 | $ | 15,080 | $ | 25,432 | $ | 5,387 | $ | 105 | $ | 64,971 | |||||||||||||||||||||
Construction | |||||||||||||||||||||||||||||||||
Commercial | and land | Commercial | Residential | ||||||||||||||||||||||||||||||
non-real estate | development | real estate | mortgages | Consumer | Total | ||||||||||||||||||||||||||||
(In thousands) | Nine Months Ended September 30, 2013 | ||||||||||||||||||||||||||||||||
Covered loans | |||||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||
Beginning balance | $ | 2,162 | $ | 5,623 | $ | 9,433 | $ | 30,471 | $ | 8,920 | $ | 56,609 | |||||||||||||||||||||
Charge-offs | (681 | ) | (1,784 | ) | (4,316 | ) | (947 | ) | (1,145 | ) | (8,873 | ) | |||||||||||||||||||||
Recoveries | 90 | 554 | 2,395 | 13 | 67 | 3,119 | |||||||||||||||||||||||||||
Net provision for loan losses (a) | (328 | ) | (1,600 | ) | 1,197 | 4,723 | 3,995 | 7,987 | |||||||||||||||||||||||||
Increase in FDIC loss share receivable (a) | 447 | (314 | ) | (732 | ) | 1,261 | 835 | 1,497 | |||||||||||||||||||||||||
Ending balance | $ | 1,690 | $ | 2,479 | $ | 7,977 | $ | 35,521 | $ | 12,672 | $ | 60,339 | |||||||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||||||
Collectively evaluated for impairment | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||||||
Amounts related to loans acquired with deteriorated credit quality | $ | 1,690 | $ | 2,479 | $ | 7,977 | $ | 35,521 | $ | 12,672 | $ | 60,339 | |||||||||||||||||||||
Loans: | |||||||||||||||||||||||||||||||||
Ending balance: | $ | 24,340 | $ | 23,197 | $ | 60,280 | $ | 223,494 | $ | 60,691 | $ | 392,002 | |||||||||||||||||||||
Individually evaluated for impairment | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||||||
Collectively evaluated for impairment | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||||||
Acquired-impaired | $ | 24,340 | $ | 23,197 | $ | 60,280 | $ | 223,494 | $ | 60,691 | $ | 392,002 | |||||||||||||||||||||
Total loans | |||||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||
Beginning balance | $ | 23,725 | $ | 17,038 | $ | 36,392 | $ | 36,877 | $ | 22,139 | $ | 136,171 | |||||||||||||||||||||
Charge-offs | (5,880 | ) | (9,332 | ) | (8,034 | ) | (2,496 | ) | (14,517 | ) | (40,259 | ) | |||||||||||||||||||||
Recoveries | 3,471 | 1,797 | 4,735 | 1,004 | 4,403 | 15,410 | |||||||||||||||||||||||||||
Net provision for loan losses (a) | 10,036 | 472 | (2,038 | ) | 4,787 | 12,147 | 25,404 | ||||||||||||||||||||||||||
Increase in FDIC loss share receivable (a) | 447 | (314 | ) | (732 | ) | 1,261 | 835 | 1,497 | |||||||||||||||||||||||||
Ending balance | $ | 31,799 | $ | 9,661 | $ | 30,323 | $ | 41,433 | $ | 25,007 | $ | 138,223 | |||||||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 325 | $ | 211 | $ | 1,409 | $ | — | $ | — | $ | 1,945 | |||||||||||||||||||||
Collectively evaluated for impairment | $ | 29,784 | $ | 6,971 | $ | 20,937 | $ | 5,912 | $ | 12,335 | $ | 75,939 | |||||||||||||||||||||
Acquired-impaired | $ | 1,690 | $ | 2,479 | $ | 7,977 | $ | 35,521 | $ | 12,672 | $ | 60,339 | |||||||||||||||||||||
Loans: | |||||||||||||||||||||||||||||||||
Ending balance: | $ | 4,625,315 | $ | 920,408 | $ | 2,914,969 | $ | 1,695,197 | $ | 1,578,583 | $ | 11,734,472 | |||||||||||||||||||||
Individually evaluated for impairment | $ | 11,090 | $ | 16,774 | $ | 23,541 | $ | 502 | $ | — | $ | 51,907 | |||||||||||||||||||||
Collectively evaluated for impairment | $ | 4,570,918 | $ | 865,357 | $ | 2,805,716 | $ | 1,465,814 | $ | 1,517,787 | $ | 11,225,592 | |||||||||||||||||||||
Acquired-impaired | $ | 43,307 | $ | 38,277 | $ | 85,712 | $ | 228,881 | $ | 60,796 | $ | 456,973 | |||||||||||||||||||||
(a) | The $8.0 million provision expense for impairment on certain pools of covered loans is reported net of the benefit attributable to the FDIC loss share agreement as reflected by the related increase in the loss share receivable. | ||||||||||||||||||||||||||||||||
Residential | |||||||||||||||||||||||||||||||||
Commercial | mortgages | Consumer | Total | ||||||||||||||||||||||||||||||
(In thousands) | Nine Months Ended September 30, 2012 | ||||||||||||||||||||||||||||||||
Originated loans | |||||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||
Beginning balance | $ | 60,211 | $ | 4,894 | $ | 18,141 | $ | 83,246 | |||||||||||||||||||||||||
Charge-offs | (18,036 | ) | (4,889 | ) | (11,663 | ) | (34,588 | ) | |||||||||||||||||||||||||
Recoveries | 4,225 | 310 | 3,060 | 7,595 | |||||||||||||||||||||||||||||
Net provision for loan losses | 12,618 | 4,336 | 6,542 | 23,496 | |||||||||||||||||||||||||||||
Ending balance | $ | 59,018 | $ | 4,651 | $ | 16,080 | $ | 79,749 | |||||||||||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 8,469 | $ | 133 | $ | — | $ | 8,602 | |||||||||||||||||||||||||
Collectively evaluated for impairment | $ | 50,549 | $ | 4,518 | $ | 16,080 | $ | 71,147 | |||||||||||||||||||||||||
Loans: | |||||||||||||||||||||||||||||||||
Ending balance: | $ | 4,465,736 | $ | 757,471 | $ | 1,357,987 | $ | 6,581,194 | |||||||||||||||||||||||||
Individually evaluated for impairment | $ | 78,337 | $ | 7,524 | $ | — | $ | 85,861 | |||||||||||||||||||||||||
Collectively evaluated for impairment | $ | 4,387,399 | $ | 749,947 | $ | 1,357,987 | $ | 6,495,333 | |||||||||||||||||||||||||
Covered loans | |||||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||
Beginning balance | $ | 18,203 | $ | 9,024 | $ | 14,408 | $ | 41,635 | |||||||||||||||||||||||||
Charge-offs | (22,839 | ) | — | — | (22,839 | ) | |||||||||||||||||||||||||||
Recoveries | — | — | — | — | |||||||||||||||||||||||||||||
Net provision for loan losses (a) | 12,744 | 2,196 | (12,295 | ) | 2,645 | ||||||||||||||||||||||||||||
Increase in FDIC loss share receivable (a) | 22,650 | 11,189 | 562 | 34,401 | |||||||||||||||||||||||||||||
Ending balance | $ | 30,758 | $ | 22,409 | $ | 2,675 | $ | 55,842 | |||||||||||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||||||||||
Collectively evaluated for impairment | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||||||||||
Acquired-impaired | $ | 30,758 | $ | 22,409 | $ | 2,675 | $ | 55,842 | |||||||||||||||||||||||||
Loans: | |||||||||||||||||||||||||||||||||
Ending balance: | $ | 176,724 | $ | 271,618 | $ | 107,390 | $ | 555,732 | |||||||||||||||||||||||||
Individually evaluated for impairment | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||||||||||
Collectively evaluated for impairment | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||||||||||
Acquired-impaired | $ | 176,724 | $ | 271,618 | $ | 107,390 | $ | 555,732 | |||||||||||||||||||||||||
Commercial | Residential | Consumer | Total | ||||||||||||||||||||||||||||||
mortgages | |||||||||||||||||||||||||||||||||
(In thousands) | Nine Months Ended September 30, 2012 | ||||||||||||||||||||||||||||||||
Total loans | |||||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||
Beginning balance | $ | 78,414 | $ | 13,918 | $ | 32,549 | $ | 124,881 | |||||||||||||||||||||||||
Charge-offs | (40,875 | ) | (4,889 | ) | (11,663 | ) | (57,427 | ) | |||||||||||||||||||||||||
Recoveries | 4,225 | 310 | 3,060 | 7,595 | |||||||||||||||||||||||||||||
Net provision for loan losses (a) | 25,362 | 6,532 | (5,753 | ) | 26,141 | ||||||||||||||||||||||||||||
Increase in FDIC loss share receivable (a) | 22,650 | 11,189 | 562 | 34,401 | |||||||||||||||||||||||||||||
Ending balance | $ | 89,776 | $ | 27,060 | $ | 18,755 | $ | 135,591 | |||||||||||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 8,469 | $ | 133 | $ | — | $ | 8,602 | |||||||||||||||||||||||||
Collectively evaluated for impairment | $ | 50,549 | $ | 4,518 | $ | 16,080 | $ | 71,147 | |||||||||||||||||||||||||
Acquired-impaired | $ | 30,758 | $ | 22,409 | $ | 2,675 | $ | 55,842 | |||||||||||||||||||||||||
Loans: | |||||||||||||||||||||||||||||||||
Ending balance: | $ | 8,187,469 | $ | 1,561,640 | $ | 1,685,339 | $ | 11,434,448 | |||||||||||||||||||||||||
Individually evaluated for impairment | $ | 78,337 | $ | 7,524 | $ | — | $ | 85,861 | |||||||||||||||||||||||||
Collectively evaluated for impairment (b) | $ | 7,758,832 | $ | 1,259,767 | $ | 1,577,265 | $ | 10,595,864 | |||||||||||||||||||||||||
Acquired-impaired | $ | 350,300 | $ | 294,349 | $ | 108,074 | $ | 752,723 | |||||||||||||||||||||||||
(a) | The $2.6 million provision expense for impairment on certain pools of covered loans is reported net of the benefit attributable to the FDIC loss share agreements as reflected by the related increase in the loss share receivable. | ||||||||||||||||||||||||||||||||
(b) | In accordance with purchase accounting rules, acquired non-impaired loans were recorded at their fair value at the time of acquisition with no carryover of losses and are included in the ending balance of loans collectively evaluated for impairment. No allowance had been established on these acquired loans as of September 30, 2012. | ||||||||||||||||||||||||||||||||
Summary of Composition of Non-Accrual Loans by Portfolio Segment | ' | ||||||||||||||||||||||||||||||||
The following tables show the composition of nonaccrual loans by portfolio segment and class. Acquired-impaired and certain covered loans are considered to be performing due to the application of the accretion method and are excluded from the table. Covered loans accounted for using the cost recovery method do not have an accretable yield and are disclosed below as nonaccrual loans. Acquired-performing loans that have subsequently been placed on nonaccrual status are also disclosed below. | |||||||||||||||||||||||||||||||||
(In thousands) | September 30, | December 31, | |||||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||||||
Originated loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | $ | 14,118 | $ | 18,941 | |||||||||||||||||||||||||||||
Construction and land development | 19,817 | 32,777 | |||||||||||||||||||||||||||||||
Commercial real estate | 39,695 | 40,190 | |||||||||||||||||||||||||||||||
Residential mortgages | 13,148 | 7,705 | |||||||||||||||||||||||||||||||
Consumer | 4,684 | 3,815 | |||||||||||||||||||||||||||||||
Total originated loans | $ | 91,462 | $ | 103,428 | |||||||||||||||||||||||||||||
Acquired loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | $ | 3,381 | $ | 4,326 | |||||||||||||||||||||||||||||
Construction and land development | 2,025 | 5,967 | |||||||||||||||||||||||||||||||
Commercial real estate | 6,123 | 6,609 | |||||||||||||||||||||||||||||||
Residential mortgages | 9,664 | 10,551 | |||||||||||||||||||||||||||||||
Consumer | 1,890 | 2,634 | |||||||||||||||||||||||||||||||
Total acquired loans | $ | 23,083 | $ | 30,087 | |||||||||||||||||||||||||||||
Covered loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | $ | 3 | $ | — | |||||||||||||||||||||||||||||
Construction and land development | 2,624 | 2,487 | |||||||||||||||||||||||||||||||
Commercial real estate | 1,179 | 1,220 | |||||||||||||||||||||||||||||||
Residential mortgages | 942 | 393 | |||||||||||||||||||||||||||||||
Consumer | 415 | — | |||||||||||||||||||||||||||||||
Total covered loans | $ | 5,163 | $ | 4,100 | |||||||||||||||||||||||||||||
Total loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | $ | 17,502 | $ | 23,267 | |||||||||||||||||||||||||||||
Construction and land development | 24,466 | 41,231 | |||||||||||||||||||||||||||||||
Commercial real estate | 46,997 | 48,019 | |||||||||||||||||||||||||||||||
Residential mortgages | 23,754 | 18,649 | |||||||||||||||||||||||||||||||
Consumer | 6,989 | 6,449 | |||||||||||||||||||||||||||||||
Total loans | $ | 119,708 | $ | 137,615 | |||||||||||||||||||||||||||||
Schedule of Troubled Debt Restructurings Occurred During Period by Portfolio Segment | ' | ||||||||||||||||||||||||||||||||
The table below details TDRs that occurred during the nine months ended September 30, 2013 and September 30, 2012 by portfolio segment and TDRs that subsequently defaulted within twelve months of modification (dollar amounts in thousands). All troubled debt restructurings are rated substandard and individually evaluated for impairment. | |||||||||||||||||||||||||||||||||
Nine Months Ended | |||||||||||||||||||||||||||||||||
September 30, 2013 | September 30, 2012 | ||||||||||||||||||||||||||||||||
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 | 1 | $ | 926 | $ | 913 | 1 | $ | 790 | $ | 790 | |||||||||||||||||||||||
Construction and land development | — | — | — | — | — | — | |||||||||||||||||||||||||||
Commercial real estate | 4 | 1,332 | 1,270 | 9 | 9,475 | 8,582 | |||||||||||||||||||||||||||
Residential mortgages | 1 | 456 | 343 | 2 | 711 | 561 | |||||||||||||||||||||||||||
Consumer | — | — | — | — | — | — | |||||||||||||||||||||||||||
Total originated loans | 6 | $ | 2,714 | $ | 2,526 | 12 | $ | 10,976 | $ | 9,933 | |||||||||||||||||||||||
Aquired loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | — | $ | — | $ | — | — | $ | — | $ | — | |||||||||||||||||||||||
Construction and land development | — | — | — | — | — | — | |||||||||||||||||||||||||||
Commercial real estate | 1 | 512 | 476 | — | — | — | |||||||||||||||||||||||||||
Residential mortgages | 1 | 514 | 500 | — | — | — | |||||||||||||||||||||||||||
Consumer | — | — | — | — | — | — | |||||||||||||||||||||||||||
Total acquired loans | 2 | $ | 1,026 | $ | 976 | — | $ | — | $ | — | |||||||||||||||||||||||
Covered loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | — | $ | — | $ | — | — | $ | — | $ | — | |||||||||||||||||||||||
Construction and land development | — | — | — | — | — | — | |||||||||||||||||||||||||||
Commercial real estate | — | — | — | — | — | — | |||||||||||||||||||||||||||
Residential mortgages | — | — | — | — | — | — | |||||||||||||||||||||||||||
Consumer | — | — | — | — | — | — | |||||||||||||||||||||||||||
Total covered loans | — | $ | — | $ | — | — | $ | — | $ | — | |||||||||||||||||||||||
Total loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | 1 | $ | 926 | $ | 913 | 1 | $ | 790 | $ | 790 | |||||||||||||||||||||||
Construction and land development | — | — | — | — | — | — | |||||||||||||||||||||||||||
Commercial real estate | 5 | 1,844 | 1,746 | 9 | 9,475 | 8,582 | |||||||||||||||||||||||||||
Residential mortgages | 2 | 970 | 843 | 2 | 711 | 561 | |||||||||||||||||||||||||||
Consumer | — | — | — | — | — | — | |||||||||||||||||||||||||||
Total loans | 8 | $ | 3,740 | $ | 3,502 | 12 | $ | 10,976 | $ | 9,933 | |||||||||||||||||||||||
Summary of Impaired Loans Disaggregated by Class | ' | ||||||||||||||||||||||||||||||||
The tables below present loans that are individually evaluated for impairment disaggregated by class at September 30, 2013 and December 31, 2012: | |||||||||||||||||||||||||||||||||
Unpaid | Average | Interest | |||||||||||||||||||||||||||||||
Recorded | Principal | Related | Recorded | Income | |||||||||||||||||||||||||||||
September 30, 2013 | Investment | Balance | Allowance | Investment | Recognized | ||||||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||||||
Originated loans: | |||||||||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | $ | 848 | $ | 1,073 | $ | — | $ | 212 | $ | 12 | |||||||||||||||||||||||
Construction and land development | 9,798 | 11,431 | — | 2,450 | 53 | ||||||||||||||||||||||||||||
Commercial real estate | 6,608 | 8,430 | — | 18,527 | 344 | ||||||||||||||||||||||||||||
Residential mortgages | — | — | — | 328 | — | ||||||||||||||||||||||||||||
Consumer | — | — | — | 1,267 | — | ||||||||||||||||||||||||||||
17,254 | 20,934 | — | 22,784 | 409 | |||||||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | 8,063 | 8,365 | 325 | 9,929 | 167 | ||||||||||||||||||||||||||||
Construction and land development | 6,246 | 6,246 | 211 | 1,562 | 40 | ||||||||||||||||||||||||||||
Commercial real estate | 14,562 | 14,866 | 946 | 22,427 | 413 | ||||||||||||||||||||||||||||
Residential mortgages | — | — | — | 134 | — | ||||||||||||||||||||||||||||
Consumer | — | — | — | 1,281 | — | ||||||||||||||||||||||||||||
28,871 | 29,477 | 1,482 | 35,333 | 620 | |||||||||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | 8,911 | 9,438 | 325 | 10,141 | 179 | ||||||||||||||||||||||||||||
Construction and land development | 16,044 | 17,677 | 211 | 4,012 | 93 | ||||||||||||||||||||||||||||
Commercial real estate | 21,170 | 23,296 | 946 | 40,954 | 757 | ||||||||||||||||||||||||||||
Residential mortgages | — | — | — | 462 | — | ||||||||||||||||||||||||||||
Consumer | — | — | — | 2,548 | — | ||||||||||||||||||||||||||||
Total originated loans | $ | 46,125 | $ | 50,411 | $ | 1,482 | $ | 58,117 | $ | 1,029 | |||||||||||||||||||||||
Acquired loans: | |||||||||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | $ | 2,179 | $ | 2,186 | $ | — | $ | 545 | $ | — | |||||||||||||||||||||||
Construction and land development | 730 | 754 | — | 183 | — | ||||||||||||||||||||||||||||
Commercial real estate | 476 | 486 | — | 1,079 | 47 | ||||||||||||||||||||||||||||
Residential mortgages | 502 | 509 | — | 382 | — | ||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | ||||||||||||||||||||||||||||
3,887 | 3,935 | — | 2,189 | 47 | |||||||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | — | — | — | 3,434 | 63 | ||||||||||||||||||||||||||||
Construction and land development | — | — | — | 197 | — | ||||||||||||||||||||||||||||
Commercial real estate | 1,895 | 1,931 | 463 | 3,328 | — | ||||||||||||||||||||||||||||
Residential mortgages | — | — | — | 1,057 | — | ||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | ||||||||||||||||||||||||||||
1,895 | 1,931 | 463 | 8,016 | 63 | |||||||||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | 2,179 | 2,186 | — | 3,979 | 63 | ||||||||||||||||||||||||||||
Construction and land development | 730 | 754 | — | 380 | — | ||||||||||||||||||||||||||||
Commercial real estate | 2,371 | 2,417 | 463 | 4,407 | 47 | ||||||||||||||||||||||||||||
Residential mortgages | 502 | 509 | — | 1,439 | — | ||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | ||||||||||||||||||||||||||||
Total acquired loans | $ | 5,782 | $ | 5,866 | $ | 463 | $ | 10,205 | $ | 110 | |||||||||||||||||||||||
Unpaid | Average | Interest | |||||||||||||||||||||||||||||||
Recorded | Principal | Related | Recorded | Income | |||||||||||||||||||||||||||||
September 30, 2013 | Investment | Balance | Allowance | Investment | Recognized | ||||||||||||||||||||||||||||
Covered 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 | — | — | — | — | — | ||||||||||||||||||||||||||||
Residential mortgages | — | — | — | — | — | ||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | ||||||||||||||||||||||||||||
— | — | — | — | — | |||||||||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | — | — | — | — | — | ||||||||||||||||||||||||||||
Construction and land development | — | — | — | — | — | ||||||||||||||||||||||||||||
Commercial real estate | — | — | — | — | — | ||||||||||||||||||||||||||||
Residential mortgages | — | — | — | — | — | ||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | ||||||||||||||||||||||||||||
Total covered loans | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||||||||
Total loans: | |||||||||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | $ | 3,027 | $ | 3,259 | $ | — | $ | 757 | $ | 12 | |||||||||||||||||||||||
Construction and land development | 10,528 | 12,185 | — | 2,633 | 53 | ||||||||||||||||||||||||||||
Commercial real estate | 7,084 | 8,916 | — | 19,606 | 391 | ||||||||||||||||||||||||||||
Residential mortgages | 502 | 509 | — | 710 | — | ||||||||||||||||||||||||||||
Consumer | — | — | — | 1,267 | — | ||||||||||||||||||||||||||||
21,141 | 24,869 | — | 24,973 | 456 | |||||||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | 8,063 | 8,365 | 325 | 13,363 | 230 | ||||||||||||||||||||||||||||
Construction and land development | 6,246 | 6,246 | 211 | 1,759 | 40 | ||||||||||||||||||||||||||||
Commercial real estate | 16,457 | 16,797 | 1,409 | 25,755 | 413 | ||||||||||||||||||||||||||||
Residential mortgages | — | — | — | 1,191 | — | ||||||||||||||||||||||||||||
Consumer | — | — | — | 1,281 | — | ||||||||||||||||||||||||||||
30,766 | 31,408 | 1,945 | 43,349 | 683 | |||||||||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | 11,090 | 11,624 | 325 | 14,120 | 242 | ||||||||||||||||||||||||||||
Construction and land development | 16,774 | 18,431 | 211 | 4,392 | 93 | ||||||||||||||||||||||||||||
Commercial real estate | 23,541 | 25,713 | 1,409 | 45,361 | 804 | ||||||||||||||||||||||||||||
Residential mortgages | 502 | 509 | — | 1,901 | — | ||||||||||||||||||||||||||||
Consumer | — | — | — | 2,548 | — | ||||||||||||||||||||||||||||
Total loans | $ | 51,907 | $ | 56,277 | $ | 1,945 | $ | 68,322 | $ | 1,139 | |||||||||||||||||||||||
Unpaid | Average | Interest | |||||||||||||||||||||||||||||||
Recorded | Principal | Related | Recorded | Income | |||||||||||||||||||||||||||||
December 31, 2012 | Investment | Balance | Allowance | Investment | Recognized | ||||||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||||||
Originated loans: | |||||||||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||||||
Commercial | $ | 34,705 | $ | 55,101 | $ | — | $ | 23,793 | $ | 464 | |||||||||||||||||||||||
Residential mortgages | 2,721 | 4,874 | — | 3,255 | 155 | ||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | ||||||||||||||||||||||||||||
37,426 | 59,975 | — | 27,048 | 619 | |||||||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||||||
Commercial | 35,850 | 37,917 | 6,377 | 41,232 | 703 | ||||||||||||||||||||||||||||
Residential mortgages | — | — | — | 4,619 | — | ||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | ||||||||||||||||||||||||||||
35,850 | 37,917 | 6,377 | 45,851 | 703 | |||||||||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||||||
Commercial | 70,555 | 93,018 | 6,377 | 65,025 | 1,167 | ||||||||||||||||||||||||||||
Residential mortgages | 2,721 | 4,874 | — | 7,874 | 155 | ||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | ||||||||||||||||||||||||||||
Total originated loans | $ | 73,276 | $ | 97,892 | $ | 6,377 | $ | 72,899 | $ | 1,322 | |||||||||||||||||||||||
Acquired loans: | |||||||||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||||||
Commercial | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||||||||
Residential mortgages | — | — | — | — | — | ||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | ||||||||||||||||||||||||||||
— | — | — | — | — | |||||||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||||||
Commercial | 6,202 | 6,386 | 788 | 1,551 | — | ||||||||||||||||||||||||||||
Residential mortgages | — | — | — | — | — | ||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | ||||||||||||||||||||||||||||
6,202 | 6,386 | 788 | 1,551 | — | |||||||||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||||||
Commercial | 6,202 | 6,386 | 788 | 1,551 | — | ||||||||||||||||||||||||||||
Residential mortgages | — | — | — | — | — | ||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | ||||||||||||||||||||||||||||
Total acquired loans | $ | 6,202 | $ | 6,386 | $ | 788 | $ | 1,551 | $ | — | |||||||||||||||||||||||
Unpaid | Average | Interest | |||||||||||||||||||||||||||||||
Recorded | Principal | Related | Recorded | Income | |||||||||||||||||||||||||||||
December 31, 2012 | Investment | Balance | Allowance | Investment | Recognized | ||||||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||||||
Covered loans: | |||||||||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||||||
Commercial | $ | 3,707 | $ | 10,208 | $ | — | $ | 6,008 | $ | — | |||||||||||||||||||||||
Residential mortgages | 393 | 787 | — | 446 | — | ||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | ||||||||||||||||||||||||||||
4,100 | 10,995 | — | 6,454 | — | |||||||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||||||
Commercial | — | — | — | — | — | ||||||||||||||||||||||||||||
Residential mortgages | — | — | — | — | — | ||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | ||||||||||||||||||||||||||||
— | — | — | — | — | |||||||||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||||||
Commercial | 3,707 | 10,208 | — | 6,008 | — | ||||||||||||||||||||||||||||
Residential mortgages | 393 | 787 | — | 446 | — | ||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | ||||||||||||||||||||||||||||
Total covered loans | $ | 4,100 | $ | 10,995 | $ | — | $ | 6,454 | $ | — | |||||||||||||||||||||||
Total loans: | |||||||||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||||||
Commercial | $ | 38,412 | $ | 65,309 | $ | — | $ | 29,801 | $ | 464 | |||||||||||||||||||||||
Residential mortgages | 3,114 | 5,661 | — | 3,701 | 155 | ||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | ||||||||||||||||||||||||||||
41,526 | 70,970 | — | 33,502 | 619 | |||||||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||||||
Commercial | 42,052 | 44,303 | 7,165 | 42,783 | 703 | ||||||||||||||||||||||||||||
Residential mortgages | — | — | — | 4,619 | — | ||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | ||||||||||||||||||||||||||||
42,052 | 44,303 | 7,165 | 47,402 | 703 | |||||||||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||||||
Commercial | 80,464 | 109,612 | 7,165 | 72,584 | 1,167 | ||||||||||||||||||||||||||||
Residential mortgages | 3,114 | 5,661 | — | 8,320 | 155 | ||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | ||||||||||||||||||||||||||||
Total loans | $ | 83,578 | $ | 115,273 | $ | 7,165 | $ | 80,904 | $ | 1,322 | |||||||||||||||||||||||
Summary of Age Analysis of Past Due Loans | ' | ||||||||||||||||||||||||||||||||
The following table presents the age analysis of past due loans at September 30, 2013 and December 31, 2012: | |||||||||||||||||||||||||||||||||
Recorded | |||||||||||||||||||||||||||||||||
Greater than | investment | ||||||||||||||||||||||||||||||||
30-59 days | 60-89 days | 90 days | Total | Total | > 90 days | ||||||||||||||||||||||||||||
30-Sep-13 | past due | past due | past due | past due | Current | Loans | and accruing | ||||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||||||
Originated loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | $ | 7,369 | $ | 2,891 | $ | 9,615 | $ | 19,875 | $ | 3,613,615 | $ | 3,633,490 | $ | 1,268 | |||||||||||||||||||
Construction and land development | 2,083 | 2,131 | 18,079 | 22,293 | 716,690 | 738,983 | 8,183 | ||||||||||||||||||||||||||
Commercial real estate | 11,753 | 2,215 | 16,383 | 30,351 | 1,786,051 | 1,816,402 | 1,309 | ||||||||||||||||||||||||||
Residential mortgages | 224 | 2,484 | 4,018 | 6,726 | 1,117,923 | 1,124,649 | — | ||||||||||||||||||||||||||
Consumer | 4,974 | 2,238 | 3,686 | 10,898 | 1,376,345 | 1,387,243 | 1,752 | ||||||||||||||||||||||||||
Total | $ | 26,403 | $ | 11,959 | $ | 51,781 | $ | 90,143 | $ | 8,610,624 | $ | 8,700,767 | $ | 12,512 | |||||||||||||||||||
Acquired loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | $ | 1,586 | $ | 414 | $ | 1,396 | $ | 3,396 | $ | 964,089 | $ | 967,485 | $ | 700 | |||||||||||||||||||
Construction and land development | 1,481 | 897 | 594 | 2,972 | 155,256 | 158,228 | 56 | ||||||||||||||||||||||||||
Commercial real estate | 2,548 | 703 | 5,763 | 9,014 | 1,029,273 | 1,038,287 | 2,306 | ||||||||||||||||||||||||||
Residential mortgages | 594 | 970 | 6,337 | 7,901 | 339,153 | 347,054 | — | ||||||||||||||||||||||||||
Consumer | 393 | 158 | 1,033 | 1,584 | 129,065 | 130,649 | 46 | ||||||||||||||||||||||||||
Total | $ | 6,602 | $ | 3,142 | $ | 15,123 | $ | 24,867 | $ | 2,616,836 | $ | 2,641,703 | $ | 3,108 | |||||||||||||||||||
Covered loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | $ | — | $ | — | $ | — | $ | — | $ | 24,340 | $ | 24,340 | $ | — | |||||||||||||||||||
Construction and land development | — | — | 2,624 | 2,624 | 20,573 | 23,197 | — | ||||||||||||||||||||||||||
Commercial real estate | — | — | 675 | 675 | 59,605 | 60,280 | — | ||||||||||||||||||||||||||
Residential mortgages | — | — | 667 | 667 | 222,827 | 223,494 | — | ||||||||||||||||||||||||||
Consumer | 5 | 2 | 322 | 329 | 60,362 | 60,691 | — | ||||||||||||||||||||||||||
Total | $ | 5 | $ | 2 | $ | 4,288 | $ | 4,295 | $ | 387,707 | $ | 392,002 | $ | — | |||||||||||||||||||
Total loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | $ | 8,955 | $ | 3,305 | $ | 11,011 | $ | 23,271 | $ | 4,602,044 | $ | 4,625,315 | $ | 1,968 | |||||||||||||||||||
Construction and land development | 3,564 | 3,028 | 21,297 | 27,889 | 892,519 | 920,408 | 8,239 | ||||||||||||||||||||||||||
Commercial real estate | 14,301 | 2,918 | 22,821 | 40,040 | 2,874,929 | 2,914,969 | 3,615 | ||||||||||||||||||||||||||
Residential mortgages | 818 | 3,454 | 11,022 | 15,294 | 1,679,903 | 1,695,197 | — | ||||||||||||||||||||||||||
Consumer | 5,372 | 2,398 | 5,041 | 12,811 | 1,565,772 | 1,578,583 | 1,798 | ||||||||||||||||||||||||||
Total | $ | 33,010 | $ | 15,103 | $ | 71,192 | $ | 119,305 | $ | 11,615,167 | $ | 11,734,472 | $ | 15,620 | |||||||||||||||||||
Recorded | |||||||||||||||||||||||||||||||||
Greater than | investment | ||||||||||||||||||||||||||||||||
30-59 days | 60-89 days | 90 days | Total | Total | > 90 days | ||||||||||||||||||||||||||||
December 31, 2012 | past due | past due | past due | past due | Current | Loans | and accruing | ||||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||||||
Originated loans: | |||||||||||||||||||||||||||||||||
Commercial | $ | 24,398 | $ | 16,508 | $ | 46,355 | $ | 87,261 | $ | 4,840,199 | $ | 4,927,460 | $ | 5,262 | |||||||||||||||||||
Residential mortgages | 11,500 | 3,303 | 4,100 | 18,903 | 809,082 | 827,985 | — | ||||||||||||||||||||||||||
Consumer | 10,348 | 2,150 | 4,231 | 16,729 | 1,335,047 | 1,351,776 | 2,474 | ||||||||||||||||||||||||||
Total | $ | 46,246 | $ | 21,961 | $ | 54,686 | $ | 122,893 | $ | 6,984,328 | $ | 7,107,221 | $ | 7,736 | |||||||||||||||||||
Acquired loans: | |||||||||||||||||||||||||||||||||
Commercial | $ | 28,791 | $ | 4,666 | $ | 15,774 | $ | 49,231 | $ | 3,216,109 | $ | 3,265,340 | $ | 4,354 | |||||||||||||||||||
Residential mortgages | 9,641 | 1,290 | 8,996 | 19,927 | 466,517 | 486,444 | 1,106 | ||||||||||||||||||||||||||
Consumer | 1,282 | 430 | 2,170 | 3,882 | 199,092 | 202,974 | 47 | ||||||||||||||||||||||||||
Total | $ | 39,714 | $ | 6,386 | $ | 26,940 | $ | 73,040 | $ | 3,881,718 | $ | 3,954,758 | $ | 5,507 | |||||||||||||||||||
Covered loans: | |||||||||||||||||||||||||||||||||
Commercial | $ | — | $ | — | $ | 3,707 | $ | 3,707 | $ | 149,181 | $ | 152,888 | $ | — | |||||||||||||||||||
Residential mortgages | — | — | 393 | 393 | 263,122 | 263,515 | — | ||||||||||||||||||||||||||
Consumer | — | — | — | — | 99,420 | 99,420 | — | ||||||||||||||||||||||||||
Total | $ | — | $ | — | $ | 4,100 | $ | 4,100 | $ | 511,723 | $ | 515,823 | $ | — | |||||||||||||||||||
Total loans: | |||||||||||||||||||||||||||||||||
Commercial | $ | 53,189 | $ | 21,174 | $ | 65,836 | $ | 140,199 | $ | 8,205,489 | $ | 8,345,688 | $ | 9,616 | |||||||||||||||||||
Residential mortgages | 21,141 | 4,593 | 13,489 | 39,223 | 1,538,721 | 1,577,944 | 1,106 | ||||||||||||||||||||||||||
Consumer | 11,630 | 2,580 | 6,401 | 20,611 | 1,633,559 | 1,654,170 | 2,521 | ||||||||||||||||||||||||||
Total | $ | 85,960 | $ | 28,347 | $ | 85,726 | $ | 200,033 | $ | 11,377,769 | $ | 11,577,802 | $ | 13,243 | |||||||||||||||||||
Credit Risk Profile Based on Payment Activity | ' | ||||||||||||||||||||||||||||||||
Consumer Credit Exposure | |||||||||||||||||||||||||||||||||
Credit Risk Profile Based on Payment Activity | |||||||||||||||||||||||||||||||||
September 30, 2013 | December 31, 2012 | ||||||||||||||||||||||||||||||||
Originated | Acquired | Covered | Total | Originated | Acquired | Covered | Total | ||||||||||||||||||||||||||
(In thousands) | (In thousands) | ||||||||||||||||||||||||||||||||
Performing | $ | 1,382,144 | $ | 128,759 | $ | 60,691 | $ | 1,571,594 | $ | 1,345,487 | $ | 200,292 | $ | 99,420 | $ | 1,645,199 | |||||||||||||||||
Nonperforming | 5,099 | 1,890 | — | 6,989 | 6,289 | 2,682 | — | 8,971 | |||||||||||||||||||||||||
Total | $ | 1,387,243 | $ | 130,649 | $ | 60,691 | $ | 1,578,583 | $ | 1,351,776 | $ | 202,974 | $ | 99,420 | $ | 1,654,170 | |||||||||||||||||
Changes in Carrying Amount of Covered Acquired Loans and Accretable Yield for Loans Receivable | ' | ||||||||||||||||||||||||||||||||
Changes in the carrying amount of acquired-impaired loans and accretable yield are presented in the following table for the nine months ended September 30, 2013 and the year ended December 31, 2012: | |||||||||||||||||||||||||||||||||
September 30, 2013 | December 31, 2012 | ||||||||||||||||||||||||||||||||
Covered | Non-covered | Covered | Non-covered | ||||||||||||||||||||||||||||||
Carrying | Carrying | Carrying | Carrying | ||||||||||||||||||||||||||||||
Amount | Accretable | Amount | Accretable | Amount | Accretable | Amount | Accretable | ||||||||||||||||||||||||||
of Loans | Yield | of Loans | Yield | of Loans | Yield | of Loans | Yield | ||||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||||||
Balance at beginning of period | $ | 515,823 | $ | 115,594 | $ | 141,201 | $ | 203,186 | $ | 671,443 | $ | 153,137 | $ | 339,452 | $ | 130,691 | |||||||||||||||||
Additions | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Payments received, net | (150,405 | ) | (861 | ) | (106,444 | ) | (37,961 | ) | (200,719 | ) | — | (250,338 | ) | — | |||||||||||||||||||
Accretion | 26,584 | (26,584 | ) | 30,213 | (30,213 | ) | 45,099 | (45,099 | ) | 52,087 | (52,087 | ) | |||||||||||||||||||||
Increase (decrease) in expected cash flows based on actual cash flow and changes in cash flow assumptions | — | (12,944 | ) | — | 6,465 | — | (19,326 | ) | — | 23,688 | |||||||||||||||||||||||
Net transfers from (to) nonaccretable difference to accretable yield | — | 22,611 | — | 5,636 | — | 26,882 | — | 100,894 | |||||||||||||||||||||||||
Balance at end of period | $ | 392,002 | $ | 97,816 | $ | 64,970 | $ | 147,113 | $ | 515,823 | $ | 115,594 | $ | 141,201 | $ | 203,186 | |||||||||||||||||
Troubled Debt Restructurings That Subsequently Defaulted [Member] | ' | ||||||||||||||||||||||||||||||||
Schedule of Troubled Debt Restructurings Occurred During Period by Portfolio Segment | ' | ||||||||||||||||||||||||||||||||
Nine Months Ended | |||||||||||||||||||||||||||||||||
September 30, 2013 | September 30, 2012 | ||||||||||||||||||||||||||||||||
Troubled Debt Restructurings That Subsequently Defaulted: | Number of | Recorded | Number of | Recorded | |||||||||||||||||||||||||||||
Contracts | Investment | Contracts | Investment | ||||||||||||||||||||||||||||||
Originated loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | — | $ | — | — | $ | — | |||||||||||||||||||||||||||
Construction and land development | — | — | — | — | |||||||||||||||||||||||||||||
Commercial real estate | — | — | 2 | 1,787 | |||||||||||||||||||||||||||||
Residential mortgages | — | — | — | — | |||||||||||||||||||||||||||||
Consumer | — | — | — | — | |||||||||||||||||||||||||||||
Total originated loans | — | $ | — | 2 | $ | 1,787 | |||||||||||||||||||||||||||
Aquired loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | — | $ | — | — | $ | — | |||||||||||||||||||||||||||
Construction and land development | — | — | — | — | |||||||||||||||||||||||||||||
Commercial real estate | — | — | — | — | |||||||||||||||||||||||||||||
Residential mortgages | — | — | — | — | |||||||||||||||||||||||||||||
Consumer | — | — | — | — | |||||||||||||||||||||||||||||
Total acquired loans | — | $ | — | — | $ | — | |||||||||||||||||||||||||||
Covered loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | — | $ | — | — | $ | — | |||||||||||||||||||||||||||
Construction and land development | — | — | — | — | |||||||||||||||||||||||||||||
Commercial real estate | — | — | — | — | |||||||||||||||||||||||||||||
Residential mortgages | — | — | — | — | |||||||||||||||||||||||||||||
Consumer | — | — | — | — | |||||||||||||||||||||||||||||
Total covered loans | — | $ | — | — | $ | — | |||||||||||||||||||||||||||
Total loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | — | $ | — | — | $ | — | |||||||||||||||||||||||||||
Construction and land development | — | — | — | — | |||||||||||||||||||||||||||||
Commercial real estate | — | — | 2 | 1,787 | |||||||||||||||||||||||||||||
Residential mortgages | — | — | — | — | |||||||||||||||||||||||||||||
Consumer | — | — | — | — | |||||||||||||||||||||||||||||
Total loans | — | $ | — | 2 | $ | 1,787 | |||||||||||||||||||||||||||
Commercial Non-Real Estate [Member] | ' | ||||||||||||||||||||||||||||||||
Schedule of Credit Quality Indicators of Various Classes of Loans | ' | ||||||||||||||||||||||||||||||||
The following tables present the credit quality indicators of the Company’s various classes of loans at September 30, 2013 and December 31, 2012. | |||||||||||||||||||||||||||||||||
Commercial Non-Real Estate Credit Exposure | |||||||||||||||||||||||||||||||||
Credit Risk Profile by Internally Assigned Grade | |||||||||||||||||||||||||||||||||
September 30, 2013 | December 31, 2012 | ||||||||||||||||||||||||||||||||
Originated | Acquired | Covered | Total | Originated | Acquired | Covered | Total | ||||||||||||||||||||||||||
(In thousands) | (In thousands) | ||||||||||||||||||||||||||||||||
Grade: | |||||||||||||||||||||||||||||||||
Pass | $ | 3,459,635 | $ | 877,964 | $ | 14,063 | $ | 4,351,662 | $ | 2,610,970 | $ | 1,588,435 | $ | 14,855 | $ | 4,214,260 | |||||||||||||||||
Pass-Watch | 106,657 | 41,741 | 118 | 148,516 | 32,393 | 52,361 | 74 | 84,828 | |||||||||||||||||||||||||
Special Mention | 31,600 | 28,308 | — | 59,908 | 23,550 | 6,267 | 3,226 | 33,043 | |||||||||||||||||||||||||
Substandard | 35,598 | 18,547 | 7,820 | 61,965 | 46,472 | 43,219 | 8,433 | 98,124 | |||||||||||||||||||||||||
Doubtful | — | 925 | 2,339 | 3,264 | — | 361 | 2,672 | 3,033 | |||||||||||||||||||||||||
Loss | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Total | $ | 3,633,490 | $ | 967,485 | $ | 24,340 | $ | 4,625,315 | $ | 2,713,385 | $ | 1,690,643 | $ | 29,260 | $ | 4,433,288 | |||||||||||||||||
Construction and Land Development [Member] | ' | ||||||||||||||||||||||||||||||||
Schedule of Credit Quality Indicators of Various Classes of Loans | ' | ||||||||||||||||||||||||||||||||
Construction Credit Exposure | |||||||||||||||||||||||||||||||||
Credit Risk Profile by Internally Assigned Grade | |||||||||||||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | ||||||||||||||||||||||||||||||||
Originated | Acquired | Covered | Total | Originated | Acquired | Covered | Total | ||||||||||||||||||||||||||
(In thousands) | (In thousands) | ||||||||||||||||||||||||||||||||
Grade: | |||||||||||||||||||||||||||||||||
Pass | $ | 681,999 | $ | 130,457 | $ | 230 | $ | 812,686 | $ | 557,511 | $ | 249,269 | $ | 331 | $ | 807,111 | |||||||||||||||||
Pass-Watch | 16,728 | 8,684 | 598 | 26,010 | 13,705 | 2,993 | 1,028 | 17,726 | |||||||||||||||||||||||||
Special Mention | 944 | 1,446 | 197 | 2,587 | 30,522 | 12,248 | 420 | 43,190 | |||||||||||||||||||||||||
Substandard | 39,312 | 17,637 | 10,241 | 67,190 | 63,925 | 30,637 | 7,311 | 101,873 | |||||||||||||||||||||||||
Doubtful | — | 4 | 11,931 | 11,935 | 10 | 4 | 19,392 | 19,406 | |||||||||||||||||||||||||
Loss | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Total | $ | 738,983 | $ | 158,228 | $ | 23,197 | $ | 920,408 | $ | 665,673 | $ | 295,151 | $ | 28,482 | $ | 989,306 | |||||||||||||||||
Commercial Real Estate [Member] | ' | ||||||||||||||||||||||||||||||||
Schedule of Credit Quality Indicators of Various Classes of Loans | ' | ||||||||||||||||||||||||||||||||
Commercial Real Estate Credit Exposure | |||||||||||||||||||||||||||||||||
Credit Risk Profile by Internally Assigned Grade | |||||||||||||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | ||||||||||||||||||||||||||||||||
Originated | Acquired | Covered | Total | Originated | Acquired | Covered | Total | ||||||||||||||||||||||||||
(In thousands) | (In thousands) | ||||||||||||||||||||||||||||||||
Grade: | |||||||||||||||||||||||||||||||||
Pass | $ | 1,656,114 | $ | 943,760 | $ | 5,853 | $ | 2,605,727 | $ | 1,353,453 | $ | 1,173,617 | $ | 16,693 | $ | 2,543,763 | |||||||||||||||||
Pass-Watch | 32,762 | 41,172 | 4,823 | 78,757 | 36,507 | 16,051 | 15,015 | 67,573 | |||||||||||||||||||||||||
Special Mention | 3,618 | 7,864 | 3,127 | 14,609 | 29,912 | 21,116 | 3,787 | 54,815 | |||||||||||||||||||||||||
Substandard | 123,890 | 45,491 | 32,989 | 202,370 | 128,088 | 68,762 | 31,298 | 228,148 | |||||||||||||||||||||||||
Doubtful | 18 | — | 13,488 | 13,506 | 442 | — | 28,353 | 28,795 | |||||||||||||||||||||||||
Loss | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Total | $ | 1,816,402 | $ | 1,038,287 | $ | 60,280 | $ | 2,914,969 | $ | 1,548,402 | $ | 1,279,546 | $ | 95,146 | $ | 2,923,094 | |||||||||||||||||
Residential Mortgage Loans [Member] | ' | ||||||||||||||||||||||||||||||||
Schedule of Credit Quality Indicators of Various Classes of Loans | ' | ||||||||||||||||||||||||||||||||
Residential Mortgage Credit Exposure | |||||||||||||||||||||||||||||||||
Credit Risk Profile Based on Payment Activity | |||||||||||||||||||||||||||||||||
September 30, 2013 | December 31, 2012 | ||||||||||||||||||||||||||||||||
Originated | Acquired | Covered | Total | Originated | Acquired | Covered | Total | ||||||||||||||||||||||||||
(In thousands) | (In thousands) | ||||||||||||||||||||||||||||||||
Performing | $ | 1,110,952 | $ | 337,390 | $ | 223,101 | $ | 1,671,443 | $ | 820,281 | $ | 475,893 | $ | 263,515 | $ | 1,559,689 | |||||||||||||||||
Nonperforming | 13,697 | 9,664 | 393 | 23,754 | 7,704 | 10,551 | — | 18,255 | |||||||||||||||||||||||||
Total | $ | 1,124,649 | $ | 347,054 | $ | 223,494 | $ | 1,695,197 | $ | 827,985 | $ | 486,444 | $ | 263,515 | $ | 1,577,944 | |||||||||||||||||
Fair_Value_Tables
Fair Value (Tables) | 9 Months Ended | ||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||||||
Schedule of Financial Assets and Liabilities Measured at Fair Value on 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 (in thousands) on a recurring basis in the consolidated balance sheets. | |||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||
Level 1 | Level 2 | Total | |||||||||||||||||||
Assets | |||||||||||||||||||||
Available for sale debt securities: | |||||||||||||||||||||
U.S. Treasury and government agency securities | $ | 620 | $ | — | $ | 620 | |||||||||||||||
Municipal obligations | — | 43,648 | 43,648 | ||||||||||||||||||
Corporate debt securities | 3,500 | — | 3,500 | ||||||||||||||||||
Mortgage-backed securities | — | 1,359,970 | 1,359,970 | ||||||||||||||||||
Collateralized mortgage obligations | — | 45,032 | 45,032 | ||||||||||||||||||
Equity securities | 5,350 | — | 5,350 | ||||||||||||||||||
Total available-for-sale securities | 9,470 | 1,448,650 | 1,458,120 | ||||||||||||||||||
Derivative assets (1) | — | 16,062 | 16,062 | ||||||||||||||||||
Total recurring fair value measurements - assets | $ | 9,470 | $ | 1,464,712 | $ | 1,474,182 | |||||||||||||||
Liabilities | |||||||||||||||||||||
Derivative liabilities (1) | $ | — | $ | 15,929 | $ | 15,929 | |||||||||||||||
Total recurring fair value measurements - liabilities | $ | — | $ | 15,929 | $ | 15,929 | |||||||||||||||
-1 | For further disaggregation of derivative assets and liabilities, see Note 5 - Derivatives. | ||||||||||||||||||||
December 31, 2012 | |||||||||||||||||||||
Level 1 | Level 2 | Total | |||||||||||||||||||
Assets | |||||||||||||||||||||
Available for sale debt securities: | |||||||||||||||||||||
U.S. Treasury and government agency securities | $ | 18,265 | $ | — | $ | 18,265 | |||||||||||||||
Municipal obligations | — | 50,165 | 50,165 | ||||||||||||||||||
Corporate debt securities | 2,250 | — | 2,250 | ||||||||||||||||||
Mortgage-backed securities | — | 1,774,406 | 1,774,406 | ||||||||||||||||||
Collateralized mortgage obligations | — | 198,077 | 198,077 | ||||||||||||||||||
Equity securities | 5,279 | — | 5,279 | ||||||||||||||||||
Total available-for-sale securities | 25,794 | 2,022,648 | 2,048,442 | ||||||||||||||||||
Derivative assets (1) | — | 20,093 | 20,093 | ||||||||||||||||||
Total recurring fair value measurements - assets | $ | 25,794 | $ | 2,042,741 | $ | 2,068,535 | |||||||||||||||
Liabilities | |||||||||||||||||||||
Derivative liabilities (1) | $ | — | $ | 21,100 | $ | 21,100 | |||||||||||||||
Total recurring fair value measurements - liabilities | $ | — | $ | 21,100 | $ | 21,100 | |||||||||||||||
-1 | For further disaggregation of derivative assets and liabilities, see Note 5 - Derivatives. | ||||||||||||||||||||
Schedule of Financial Assets Measured at Fair Value on Nonrecurring Basis | ' | ||||||||||||||||||||
The following tables present for each of the fair value hierarchy levels the Company’s financial assets that are measured at fair value (in thousands) on a nonrecurring basis. | |||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | ||||||||||||||||||
Collateral-dependent impaired loans | $ | — | $ | 27,981 | $ | — | $ | 27,981 | |||||||||||||
Other real estate owned | — | — | 21,148 | 21,148 | |||||||||||||||||
Total nonrecurring fair value measurements | $ | — | $ | 27,981 | $ | 21,148 | $ | 49,129 | |||||||||||||
31-Dec-12 | |||||||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | ||||||||||||||||||
Collateral-dependent impaired loans | $ | — | $ | 72,694 | $ | — | $ | 72,694 | |||||||||||||
Other real estate owned | — | — | 43,803 | 43,803 | |||||||||||||||||
Total nonrecurring fair value measurements | $ | — | $ | 72,694 | $ | 43,803 | $ | 116,497 | |||||||||||||
Schedule of Estimated Fair Values of Financial Instruments | ' | ||||||||||||||||||||
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 September 30, 2013 and December 31, 2012 (in thousands): | |||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||
Total | Carrying | ||||||||||||||||||||
Level 1 | Level 2 | Level 3 | Fair Value | Amount | |||||||||||||||||
Financial assets: | |||||||||||||||||||||
Cash, interest-bearing bank deposits, and federal funds sold | $ | 888,005 | $ | — | $ | — | $ | 888,005 | $ | 888,005 | |||||||||||
Available for sale securities | 9,470 | 1,448,650 | — | 1,458,120 | 1,458,120 | ||||||||||||||||
Held to maturity securities | 100,688 | 2,553,179 | — | 2,653,867 | 2,666,082 | ||||||||||||||||
Loans, net | — | 27,981 | 11,528,860 | 11,556,841 | 11,596,250 | ||||||||||||||||
Loans held for sale | — | 18,444 | — | 18,444 | 18,444 | ||||||||||||||||
Accrued interest receivable | 42,039 | — | — | 42,039 | 42,039 | ||||||||||||||||
Derivative financial instruments | — | 16,062 | — | 16,062 | 16,062 | ||||||||||||||||
Financial liabilities: | |||||||||||||||||||||
Deposits | $ | — | $ | — | $ | 15,017,314 | $ | 15,017,314 | $ | 15,054,871 | |||||||||||
Federal funds purchased | 22,193 | — | — | 22,193 | 22,193 | ||||||||||||||||
Securities sold under agreements to repurchase | 760,586 | — | — | 760,586 | 760,586 | ||||||||||||||||
Long-term debt | — | 384,239 | — | 384,239 | 376,664 | ||||||||||||||||
Accrued interest payable | 5,694 | — | — | 5,694 | 5,694 | ||||||||||||||||
Derivative financial instruments | — | 15,929 | — | 15,929 | 15,929 | ||||||||||||||||
December 31, 2012 | |||||||||||||||||||||
Total | Carrying | ||||||||||||||||||||
Level 1 | Level 2 | Level 3 | Fair Value | Amount | |||||||||||||||||
Financial assets: | |||||||||||||||||||||
Cash, interest-bearing bank deposits, and federal funds sold | $ | 1,948,679 | $ | — | $ | — | $ | 1,948,679 | $ | 1,948,679 | |||||||||||
Available for sale securities | 25,794 | 2,022,648 | — | 2,048,442 | 2,048,442 | ||||||||||||||||
Held to maturity securities | — | 1,710,465 | — | 1,710,465 | 1,668,018 | ||||||||||||||||
Loans, net | — | 72,694 | 11,494,409 | 11,567,103 | 11,441,631 | ||||||||||||||||
Loans held for sale | — | 50,605 | — | 50,605 | 50,605 | ||||||||||||||||
Accrued interest receivable | 45,616 | — | — | 45,616 | 45,616 | ||||||||||||||||
Derivative financial instruments | — | 20,093 | — | 20,093 | 20,093 | ||||||||||||||||
Financial liabilities: | |||||||||||||||||||||
Deposits | $ | — | $ | — | $ | 15,757,044 | $ | 15,757,044 | $ | 15,744,188 | |||||||||||
Federal funds purchased | 25,704 | — | — | 25,704 | 25,704 | ||||||||||||||||
Securities sold under agreements to repurchase | 613,429 | — | — | 613,429 | 613,429 | ||||||||||||||||
Long-term debt | — | 410,791 | — | 410,791 | 396,589 | ||||||||||||||||
Accrued interest payable | 4,814 | — | — | 4,814 | 4,814 | ||||||||||||||||
Derivative financial instruments | — | 21,100 | — | 21,100 | 21,100 |
Derivatives_Tables
Derivatives (Tables) | 9 Months Ended | ||||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||||
Derivative Instruments And Hedging Activities Disclosure [Abstract] | ' | ||||||||||||||||||||||||||
Notional and Fair Values of Derivative Instruments on Balance Sheet | ' | ||||||||||||||||||||||||||
The table below presents the notional amounts and fair values (in thousands) of the Company’s derivative financial instruments as well as their classification on the consolidated balance sheets as of September 30, 2013 and December 31, 2012. | |||||||||||||||||||||||||||
Fair and Notional Values of Derivative Instruments | |||||||||||||||||||||||||||
Fair Values (1) | |||||||||||||||||||||||||||
Notional Amounts | Assets | Liabilities | |||||||||||||||||||||||||
(in thousands) | Type of | September 30, | December 31, | September 30, | December 31, | September 30, | December 31, | ||||||||||||||||||||
Hedge | 2013 | 2012 | 2013 | 2012 | 2013 | 2012 | |||||||||||||||||||||
Derivatives designated as hedging instruments: | |||||||||||||||||||||||||||
Interest rate swaps | Cash Flow | $ | — | $ | 140,000 | $ | — | $ | — | $ | — | $ | 298 | ||||||||||||||
$ | — | $ | 140,000 | $ | — | $ | — | $ | — | $ | 298 | ||||||||||||||||
Derivatives not designated as hedging instruments: | |||||||||||||||||||||||||||
Interest rate swaps (2) | N/A | $ | 661,421 | $ | 547,477 | $ | 15,249 | $ | 19,448 | $ | 15,079 | $ | 20,157 | ||||||||||||||
Risk participation agreements | N/A | 20,287 | — | 4 | — | 3 | — | ||||||||||||||||||||
Forward commitments to sell residential mortgage loans | N/A | 24,473 | 115,256 | 51 | 190 | 355 | 590 | ||||||||||||||||||||
Interest rate-lock commitments on residential mortgage loans | N/A | 12,814 | 58,135 | 251 | 455 | 11 | 55 | ||||||||||||||||||||
Foreign exchange forward contracts | N/A | 33,941 | — | 507 | — | 481 | — | ||||||||||||||||||||
$ | 752,936 | $ | 720,868 | $ | 16,062 | $ | 20,093 | $ | 15,929 | $ | 20,802 | ||||||||||||||||
-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 | ' | ||||||||||||||||||||||||||
Offsetting information in regards to derivative assets and liabilities subject to master netting agreements at September 30, 2013 and December 31, 2012 is presented in the following tables (in thousands): | |||||||||||||||||||||||||||
Gross | Gross | Net Amounts | Gross Amounts Not Offset in the | ||||||||||||||||||||||||
Amounts | Presented in | Statement of Financial Position | |||||||||||||||||||||||||
Offset in the | |||||||||||||||||||||||||||
the Statement | |||||||||||||||||||||||||||
Statement | |||||||||||||||||||||||||||
Description | Amounts | of Financial | of Financial | Financial | Cash | Net | |||||||||||||||||||||
Recognized | Position | Position | Instruments | Collateral | Amount | ||||||||||||||||||||||
As of September 30, 2013 | |||||||||||||||||||||||||||
Derivative Assets | $ | 15,253 | $ | — | $ | 15,253 | $ | 1,949 | $ | — | $ | 13,304 | |||||||||||||||
Total | $ | 15,253 | $ | — | $ | 15,253 | $ | 1,949 | $ | — | $ | 13,304 | |||||||||||||||
Derivative Liabilities | $ | 15,082 | $ | — | $ | 15,082 | $ | 1,949 | $ | 9,113 | $ | 4,020 | |||||||||||||||
Total | $ | 15,082 | $ | — | $ | 15,082 | $ | 1,949 | $ | 9,113 | $ | 4,020 | |||||||||||||||
As of December 31, 2012 | |||||||||||||||||||||||||||
Derivative Assets | $ | 19,448 | $ | — | $ | 19,448 | $ | — | $ | — | $ | 19,448 | |||||||||||||||
Total | $ | 19,448 | $ | — | $ | 19,448 | $ | — | $ | — | $ | 19,448 | |||||||||||||||
Derivative Liabilities | $ | 20,455 | $ | — | $ | 20,455 | $ | — | $ | 16,839 | $ | 3,616 | |||||||||||||||
Total | $ | 20,455 | $ | — | $ | 20,455 | $ | — | $ | 16,839 | $ | 3,616 | |||||||||||||||
Stockholders_Equity_Tables
Stockholders' Equity (Tables) | 9 Months Ended | ||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||
Equity [Abstract] | ' | ||||||||||||||||||||
Components of Accumulated Other Comprehensive Income (Loss) | ' | ||||||||||||||||||||
The components of AOCI and changes in those components are presented in the following table (in thousands). | |||||||||||||||||||||
Available | HTM | Loss on | |||||||||||||||||||
Securities | |||||||||||||||||||||
for Sale | Transferred | Employee | Effective Cash | ||||||||||||||||||
Securities | from AFS | Benefit Plans | Flow Hedges | Total | |||||||||||||||||
Balance, January 1, 2012 | $ | 60,478 | $ | — | $ | (86,923 | ) | $ | (65 | ) | $ | (26,510 | ) | ||||||||
Other comprehensive income before income taxes: | |||||||||||||||||||||
Net change in unrealized gain (loss) | 24,780 | — | — | (370 | ) | 24,410 | |||||||||||||||
Transfer of net unrealized gain from AFS to HTM, net of cumulative tax effect | (24,598 | ) | 24,598 | — | — | — | |||||||||||||||
Reclassification of net (gains) losses realized and included in earnings | (929 | ) | — | 5,260 | 40 | 4,371 | |||||||||||||||
Amortization of unrealized net gain on securities transferred to HTM | — | (5,645 | ) | — | — | (5,645 | ) | ||||||||||||||
Income tax expense (benefit) | 8,693 | (2,122 | ) | 1,971 | (129 | ) | 8,413 | ||||||||||||||
Balance, September 30, 2012 | $ | 51,038 | $ | 21,075 | $ | (83,634 | ) | $ | (266 | ) | $ | (11,787 | ) | ||||||||
Balance, January 1, 2013 | $ | 38,854 | $ | 19,090 | $ | (80,688 | ) | $ | (181 | ) | $ | (22,925 | ) | ||||||||
Other comprehensive income before income taxes: | |||||||||||||||||||||
Net change in unrealized gain (loss) | (96,070 | ) | — | — | (4 | ) | (96,074 | ) | |||||||||||||
Transfer of net unrealized loss from AFS to HTM, net of cumulative tax effect | 36,208 | (36,208 | ) | — | — | — | |||||||||||||||
Reclassification of net (gains) losses realized and included in earnings | — | — | 5,534 | 301 | 5,835 | ||||||||||||||||
Amortization/accretion of unrealized net gain/loss on securities transferred to HTM | — | (7,099 | ) | — | — | (7,099 | ) | ||||||||||||||
Income tax expense (benefit) | (35,115 | ) | (2,563 | ) | 2,070 | 116 | (35,492 | ) | |||||||||||||
Balance, September 30, 2013 | $ | 14,107 | $ | (21,654 | ) | $ | (77,224 | ) | $ | — | $ | (84,771 | ) | ||||||||
Summary of Items in Consolidated Income Statements Affected by Amounts Reclassified From Accumulated Other Comprehensive Income | ' | ||||||||||||||||||||
The following table shows the line items in the consolidated income statements affected by amounts reclassified from accumulated other comprehensive income: | |||||||||||||||||||||
Nine Months Ended | Increase (decrease) in affected | ||||||||||||||||||||
September 30, | |||||||||||||||||||||
Amount reclassified from AOCI (in thousands) | 2013 | 2012 | line item in the income statement | ||||||||||||||||||
Gains and losses on sale of AFS securities | $ | — | $ | 929 | Securities gains (losses) | ||||||||||||||||
Tax effect | — | 325 | Income taxes | ||||||||||||||||||
Net of tax | — | 604 | Net income | ||||||||||||||||||
Amortization/accretion of unrealized net gain/loss on securities transferred to HTM | $ | 7,099 | $ | 5,645 | Interest income | ||||||||||||||||
Tax effect | 2,563 | 2,122 | Income taxes | ||||||||||||||||||
Net of tax | 4,536 | 3,523 | Net income | ||||||||||||||||||
Amortization of defined benefit pension and post-retirement items | $ | (5,534 | ) | $ | (5,260 | ) | (a) | ||||||||||||||
Tax effect | (2,070 | ) | (1,971 | ) | Income taxes | ||||||||||||||||
Net of tax | (3,464 | ) | (3,289 | ) | Net income | ||||||||||||||||
Gains and losses on cash flow hedges | $ | (301 | ) | $ | (40 | ) | Interest expense | ||||||||||||||
Tax effect | (105 | ) | (14 | ) | Income taxes | ||||||||||||||||
Net of tax | (196 | ) | (26 | ) | Net income | ||||||||||||||||
Total reclassifications, net of tax | $ | 876 | $ | 812 | Net income | ||||||||||||||||
(a) | 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 footnote 9 for additional details). |
Earnings_Per_Share_Tables
Earnings Per Share (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||||||
Computation of Earnings Per Common Share | ' | ||||||||||||||||
Following is a summary of the information used in the computation of earnings per common share using the two-class method (in thousands, except per share amounts): | |||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
Numerator: | |||||||||||||||||
Net income to common shareholders | $ | 33,202 | $ | 46,984 | $ | 128,640 | $ | 104,783 | |||||||||
Net income allocated to participating securities — basic and diluted | 616 | 281 | 2,398 | 844 | |||||||||||||
Net income allocated to common shareholders—basic and diluted | $ | 32,586 | $ | 46,703 | $ | 126,242 | $ | 103,939 | |||||||||
Denominator: | |||||||||||||||||
Weighted-average common shares—basic | 82,091 | 84,777 | 83,404 | 84,757 | |||||||||||||
Dilutive potential common shares | 114 | 855 | 92 | 768 | |||||||||||||
Weighted average common shares—diluted | 82,205 | 85,632 | 83,496 | 85,525 | |||||||||||||
Earnings per common share: | |||||||||||||||||
Basic | $ | 0.4 | $ | 0.55 | $ | 1.51 | $ | 1.23 | |||||||||
Diluted | $ | 0.4 | $ | 0.55 | $ | 1.51 | $ | 1.22 | |||||||||
ShareBased_Payment_Arrangement1
Share-Based Payment Arrangements (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | ' | ||||||||||||||||
Schedule of Option Activity Under Stock Option Plans | ' | ||||||||||||||||
A summary of option activity for the nine months ended September 30, 2013 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, 2013 | 1,555,296 | $ | 38.57 | ||||||||||||||
Exercised | (21,145 | ) | 27.51 | ||||||||||||||
Forfeited or expired | (96,226 | ) | 45.15 | ||||||||||||||
Outstanding at September 30, 2013 | 1,437,925 | $ | 38.3 | 4.7 | $ | 797 | |||||||||||
Exercisable at September 30, 2013 | 990,202 | $ | 41.15 | 3.4 | $ | 389 | |||||||||||
Schedule of Nonvested Restricted and Performance Shares | ' | ||||||||||||||||
A summary of the status of the Company’s nonvested restricted and performance shares as of September 30, 2013 and changes during the nine months ended September 30, 2013, is presented below. These restricted and performance shares are subject to service requirements. | |||||||||||||||||
Weighted- | |||||||||||||||||
Average | |||||||||||||||||
Number of | Grant-Date | ||||||||||||||||
Shares | Fair Value ($) | ||||||||||||||||
Nonvested at January 1, 2013 | 1,684,360 | $ | 31.56 | ||||||||||||||
Granted | 95,586 | 32.03 | |||||||||||||||
Vested | (38,909 | ) | 34.52 | ||||||||||||||
Forfeited | (70,884 | ) | 31.25 | ||||||||||||||
Nonvested at September 30, 2013 | 1,670,153 | $ | 31.52 | ||||||||||||||
Retirement_Plans_Tables
Retirement Plans (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Compensation And Retirement Disclosure [Abstract] | ' | ||||||||||||||||
Components of Net Periodic Benefits Cost | ' | ||||||||||||||||
The following table shows the components of net periodic benefits cost included in expense for the plans. | |||||||||||||||||
Three Months ended September 30, | |||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
Other Post- | |||||||||||||||||
Pension benefits | retirement Benefits | ||||||||||||||||
Service cost | $ | 3,969 | $ | 3,249 | $ | 52 | $ | 48 | |||||||||
Interest cost | 4,151 | 4,301 | 327 | 361 | |||||||||||||
Expected return on plan assets | (6,982 | ) | (6,350 | ) | — | — | |||||||||||
Amortization of prior service cost | — | — | — | (13 | ) | ||||||||||||
Amortization of net loss | 1,605 | 1,645 | 459 | 176 | |||||||||||||
Amortization of transition obligation | — | — | — | 1 | |||||||||||||
Net periodic benefit cost | $ | 2,743 | $ | 2,845 | $ | 838 | $ | 573 | |||||||||
Nine Months Ended September 30, | |||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
Pension benefits | Other Post- | ||||||||||||||||
retirement Benefits | |||||||||||||||||
Service cost | $ | 11,905 | $ | 9,743 | $ | 162 | $ | 144 | |||||||||
Interest cost | 12,457 | 12,904 | 987 | 1,083 | |||||||||||||
Expected return on plan assets | (20,946 | ) | (19,049 | ) | — | — | |||||||||||
Amortization of prior service cost | — | — | — | (41 | ) | ||||||||||||
Amortization of net loss | 4,813 | 4,936 | 1,320 | 530 | |||||||||||||
Amortization of transition obligation | — | — | — | 4 | |||||||||||||
Net periodic benefit cost | $ | 8,229 | $ | 8,534 | $ | 2,469 | $ | 1,720 | |||||||||
Other_Noninterest_Income_Table
Other Noninterest Income (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Other Income And Expenses [Abstract] | ' | ||||||||||||||||
Components of Other Noninterest Income | ' | ||||||||||||||||
Components of other noninterest income are as follows: | |||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
(In thousands) | |||||||||||||||||
Income from bank owned life insurance | $ | 2,574 | $ | 2,870 | $ | 8,764 | $ | 8,617 | |||||||||
Credit related fees | 2,995 | 1,545 | 5,969 | 5,130 | |||||||||||||
Income from derivatives | 1,257 | 455 | 3,296 | 2,091 | |||||||||||||
Safety deposit box income | 467 | 502 | 1,480 | 1,524 | |||||||||||||
Gain/(loss) on sale of assets | 801 | 2,705 | 1,277 | 2,909 | |||||||||||||
Other miscellaneous | 1,432 | 1,693 | 5,863 | 10,830 | |||||||||||||
Total other noninterest income | $ | 9,526 | $ | 9,770 | $ | 26,649 | $ | 31,101 |
Other_Noninterest_Expense_Tabl
Other Noninterest Expense (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Other Income And Expenses [Abstract] | ' | ||||||||||||||||
Components of Other Noninterest Expense | ' | ||||||||||||||||
Components of other noninterest expense are as follows: | |||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
(In thousands) | |||||||||||||||||
Insurance expense | $ | 887 | $ | 1,207 | $ | 3,018 | $ | 4,428 | |||||||||
Ad valorem and franchise taxes | 2,809 | 2,185 | 7,193 | 6,608 | |||||||||||||
Printing and supplies | 1,143 | 1,488 | 3,963 | 6,162 | |||||||||||||
Public relations and contributions | 969 | 1,065 | 3,960 | 4,827 | |||||||||||||
Travel expense | 1,074 | 1,282 | 3,475 | 4,464 | |||||||||||||
Other real estate owned expense, net | 2,439 | 4,590 | 6,502 | 11,630 | |||||||||||||
Tax credit investment amortization | 4,880 | 1,513 | 7,553 | 4,538 | |||||||||||||
Other miscellaneous | 19,851 | 4,488 | 32,504 | 19,311 | |||||||||||||
Total other noninterest expense | $ | 34,052 | $ | 17,818 | $ | 68,168 | $ | 61,968 | |||||||||
Segment_Reporting_Tables
Segment Reporting (Tables) | 9 Months Ended | ||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||
Segment Reporting [Abstract] | ' | ||||||||||||||||||||
Schedule of Segment Reporting Information | ' | ||||||||||||||||||||
The Company’s reportable operating segments consist of the Hancock segment, which coincides generally with the Company’s Hancock Bank subsidiary, and the Whitney segment, which coincides generally with its Whitney Bank subsidiary. Each of the bank segments offers commercial, consumer and mortgage loans and deposit services as well as certain other services, such as trust and treasury management services. Although the bank segments offer the same products and services, they are managed separately due to different pricing, product demand, and consumer markets. In addition, the “Other” column in the following tables includes activities of other consolidated subsidiaries which do not constitute reportable segments under the quantitative and aggregation accounting guidelines. These subsidiaries provide investment services, insurance agency services, and various other services to third parties. | |||||||||||||||||||||
Three Months Ended September 30, 2013 | |||||||||||||||||||||
Hancock | Whitney | Other | Eliminations | Consolidated | |||||||||||||||||
Interest income | $ | 66,509 | $ | 109,909 | $ | 6,336 | $ | (1,115 | ) | $ | 181,639 | ||||||||||
Interest expense | (4,318 | ) | (4,583 | ) | (2,208 | ) | 1,000 | $ | (10,109 | ) | |||||||||||
Net interest income | 62,191 | 105,326 | 4,128 | (115 | ) | 171,530 | |||||||||||||||
Provision for loan losses | (7,479 | ) | 899 | (989 | ) | — | (7,569 | ) | |||||||||||||
Noninterest income | 18,527 | 34,366 | 10,174 | (10 | ) | 63,057 | |||||||||||||||
Depreciation and amortization | (3,983 | ) | (3,868 | ) | (306 | ) | — | (8,157 | ) | ||||||||||||
Other noninterest expense | (65,756 | ) | (96,334 | ) | (11,968 | ) | 10 | (174,048 | ) | ||||||||||||
Income before income taxes | 3,500 | 40,389 | 1,039 | (115 | ) | 44,813 | |||||||||||||||
Income tax expense | 338 | 10,619 | 654 | — | 11,611 | ||||||||||||||||
Net income | $ | 3,162 | $ | 29,770 | $ | 385 | $ | (115 | ) | $ | 33,202 | ||||||||||
Goodwill | $ | 94,130 | $ | 527,063 | $ | 4,482 | $ | — | $ | 625,675 | |||||||||||
Total assets | $ | 6,513,536 | $ | 12,620,550 | $ | 2,747,834 | $ | (3,080,074 | ) | $ | 18,801,846 | ||||||||||
Total interest income from affiliates | $ | 807 | $ | 308 | $ | — | $ | (1,115 | ) | $ | — | ||||||||||
Total interest income from external customers | $ | 65,702 | $ | 109,601 | $ | 6,336 | $ | — | $ | 181,639 | |||||||||||
Three Months Ended September 30, 2012 | |||||||||||||||||||||
Hancock | Whitney | Other | Eliminations | Consolidated | |||||||||||||||||
Interest income | $ | 73,558 | $ | 110,917 | $ | 6,068 | $ | (1,338 | ) | $ | 189,205 | ||||||||||
Interest expense | (5,402 | ) | (5,669 | ) | (2,100 | ) | 1,222 | $ | (11,949 | ) | |||||||||||
Net interest income | 68,156 | 105,248 | 3,968 | (116 | ) | 177,256 | |||||||||||||||
Provision for loan losses | (4,814 | ) | (2,353 | ) | (934 | ) | — | (8,101 | ) | ||||||||||||
Noninterest income | 20,205 | 31,938 | 10,722 | (23 | ) | 62,842 | |||||||||||||||
Depreciation and amortization | (3,830 | ) | (3,981 | ) | (256 | ) | — | (8,067 | ) | ||||||||||||
Other noninterest expense | (59,821 | ) | (90,087 | ) | (11,761 | ) | 22 | (161,647 | ) | ||||||||||||
Securities transactions | 94 | 823 | — | — | 917 | ||||||||||||||||
Income before income taxes | 19,990 | 41,588 | 1,739 | (117 | ) | 63,200 | |||||||||||||||
Income tax expense | 5,433 | 10,130 | 653 | — | 16,216 | ||||||||||||||||
Net income | $ | 14,556 | $ | 31,458 | $ | 1,086 | $ | (117 | ) | $ | 46,984 | ||||||||||
Goodwill | $ | 94,130 | $ | 530,265 | $ | 4,482 | $ | — | $ | 628,877 | |||||||||||
Total assets | $ | 6,390,378 | $ | 12,343,043 | $ | 2,737,061 | $ | (2,946,352 | ) | $ | 18,524,130 | ||||||||||
Total interest income from affiliates | $ | 1,010 | $ | 328 | $ | — | $ | (1,338 | ) | $ | — | ||||||||||
Total interest income from external customers | $ | 72,548 | $ | 110,589 | $ | 6,068 | $ | — | $ | 189,205 | |||||||||||
Nine Months Ended September 30, 2013 | |||||||||||||||||||||
Hancock | Whitney | Other | Eliminations | Consolidated | |||||||||||||||||
Interest income | $ | 198,115 | $ | 333,322 | $ | 18,612 | $ | (3,489 | ) | $ | 546,560 | ||||||||||
Interest expense | (13,753 | ) | (14,162 | ) | (7,065 | ) | 3,144 | (31,836 | ) | ||||||||||||
Net interest income | 184,362 | 319,160 | 11,547 | (345 | ) | 514,724 | |||||||||||||||
Provision for loan losses | (15,986 | ) | (6,016 | ) | (3,402 | ) | — | (25,404 | ) | ||||||||||||
Noninterest income | 56,804 | 97,278 | 33,093 | (34 | ) | 187,141 | |||||||||||||||
Depreciation and amortization | (11,572 | ) | (11,698 | ) | (908 | ) | — | (24,178 | ) | ||||||||||||
Other noninterest expense | (173,037 | ) | (269,735 | ) | (37,141 | ) | 34 | (479,879 | ) | ||||||||||||
Income before income taxes | 40,571 | 128,989 | 3,189 | (345 | ) | 172,404 | |||||||||||||||
Income tax expense | 7,521 | 34,133 | 2,110 | — | 43,764 | ||||||||||||||||
Net income | $ | 33,050 | $ | 94,856 | $ | 1,079 | $ | (345 | ) | $ | 128,640 | ||||||||||
Goodwill | $ | 94,130 | $ | 527,063 | $ | 4,482 | $ | — | $ | 625,675 | |||||||||||
Total assets | $ | 6,513,536 | $ | 12,620,550 | $ | 2,747,834 | $ | (3,080,074 | ) | $ | 18,801,846 | ||||||||||
Total interest income from affiliates | $ | 2,741 | $ | 748 | $ | — | $ | (3,489 | ) | $ | — | ||||||||||
Total interest income from external customers | $ | 195,374 | $ | 332,574 | $ | 18,612 | $ | — | $ | 546,560 | |||||||||||
Nine Months Ended September 30, 2012 | |||||||||||||||||||||
Hancock | Whitney | Other | Eliminations | Consolidated | |||||||||||||||||
Interest income | $ | 201,525 | $ | 355,776 | $ | 17,839 | $ | (3,730 | ) | $ | 571,410 | ||||||||||
Interest expense | (17,587 | ) | (19,915 | ) | (6,290 | ) | 3,385 | (40,407 | ) | ||||||||||||
Net interest income | 183,938 | 335,861 | 11,549 | (345 | ) | 531,003 | |||||||||||||||
Provision for loan losses | (7,313 | ) | (18,696 | ) | (132 | ) | — | (26,141 | ) | ||||||||||||
Noninterest income | 59,644 | 98,122 | 30,149 | (27 | ) | 187,888 | |||||||||||||||
Depreciation and amortization | (10,884 | ) | (13,596 | ) | (749 | ) | — | (25,229 | ) | ||||||||||||
Other noninterest expense | (174,796 | ) | (320,985 | ) | (34,166 | ) | 27 | (529,920 | ) | ||||||||||||
Securities transactions | 98 | 824 | 7 | — | 929 | ||||||||||||||||
Income before income taxes | 50,687 | 81,530 | 6,658 | (345 | ) | 138,530 | |||||||||||||||
Income tax expense | 11,808 | 18,938 | 3,001 | — | 33,747 | ||||||||||||||||
Net income | $ | 38,879 | $ | 62,592 | $ | 3,657 | $ | (345 | ) | $ | 104,783 | ||||||||||
Goodwill | $ | 94,130 | $ | 530,265 | $ | 4,482 | $ | — | $ | 628,877 | |||||||||||
Total assets | $ | 6,390,378 | $ | 12,343,043 | $ | 2,737,061 | $ | (2,946,352 | ) | $ | 18,524,130 | ||||||||||
Total interest income from affiliates | $ | 3,033 | $ | 697 | $ | — | $ | (3,730 | ) | $ | — | ||||||||||
Total interest income from external customers | $ | 198,492 | $ | 355,079 | $ | 17,839 | $ | — | $ | 571,410 | |||||||||||
Securities_Amortized_Cost_and_
Securities - Amortized Cost and Fair Value of Available for Sale Securities (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Securities available for sale, amortized cost | $1,435,823 | $1,986,882 |
Securities available for sale, Gross Unrealized Gains | 30,191 | 61,599 |
Securities available for sale, Gross Unrealized Losses | 7,894 | 39 |
Securities Available for Sale, Fair Value | 1,458,120 | 2,048,442 |
US Treasury and government agency securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Securities available for sale, amortized cost | 615 | 18,246 |
Securities available for sale, Gross Unrealized Gains | 6 | 19 |
Securities available for sale, Gross Unrealized Losses | 1 | ' |
Securities Available for Sale, Fair Value | 620 | 18,265 |
Municipal obligations [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Securities available for sale, amortized cost | 43,573 | 49,608 |
Securities available for sale, Gross Unrealized Gains | 197 | 571 |
Securities available for sale, Gross Unrealized Losses | 122 | 14 |
Securities Available for Sale, Fair Value | 43,648 | 50,165 |
Mortgage-backed securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Securities available for sale, amortized cost | 1,337,251 | 1,715,524 |
Securities available for sale, Gross Unrealized Gains | 29,214 | 58,903 |
Securities available for sale, Gross Unrealized Losses | 6,495 | 21 |
Securities Available for Sale, Fair Value | 1,359,970 | 1,774,406 |
Collateralized mortgage obligations [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Securities available for sale, amortized cost | 46,288 | 196,723 |
Securities available for sale, Gross Unrealized Gains | ' | 1,354 |
Securities available for sale, Gross Unrealized Losses | 1,256 | ' |
Securities Available for Sale, Fair Value | 45,032 | 198,077 |
Corporate debt securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Securities available for sale, amortized cost | 3,500 | 2,250 |
Securities Available for Sale, Fair Value | 3,500 | 2,250 |
Other equity securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Securities available for sale, amortized cost | 4,596 | 4,531 |
Securities available for sale, Gross Unrealized Gains | 774 | 752 |
Securities available for sale, Gross Unrealized Losses | 20 | 4 |
Securities Available for Sale, Fair Value | $5,350 | $5,279 |
Securities_Amortized_Cost_and_1
Securities - Amortized Cost and Fair Value of Held to Maturity Securities (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Schedule of Held-to-maturity Securities [Line Items] | ' | ' |
Securities Held to Maturity, Amortized Cost | $2,666,082 | $1,668,018 |
Securities Held to Maturity, Gross Unrealized Gains | 13,713 | 43,388 |
Securities Held to Maturity, Gross Unrealized Losses | 25,928 | 941 |
Securities Held to Maturity, Fair Value | 2,653,867 | 1,710,465 |
US Treasury and government agency securities [Member] | ' | ' |
Schedule of Held-to-maturity Securities [Line Items] | ' | ' |
Securities Held to Maturity, Amortized Cost | 100,000 | ' |
Securities Held to Maturity, Gross Unrealized Gains | 688 | ' |
Securities Held to Maturity, Fair Value | 100,688 | ' |
Municipal obligations [Member] | ' | ' |
Schedule of Held-to-maturity Securities [Line Items] | ' | ' |
Securities Held to Maturity, Amortized Cost | 195,662 | 164,493 |
Securities Held to Maturity, Gross Unrealized Gains | 1,137 | 16,017 |
Securities Held to Maturity, Gross Unrealized Losses | 5,291 | ' |
Securities Held to Maturity, Fair Value | 191,508 | 180,510 |
Mortgage-backed securities [Member] | ' | ' |
Schedule of Held-to-maturity Securities [Line Items] | ' | ' |
Securities Held to Maturity, Amortized Cost | 995,686 | 180,397 |
Securities Held to Maturity, Gross Unrealized Gains | 9,273 | 3,429 |
Securities Held to Maturity, Gross Unrealized Losses | 2,118 | ' |
Securities Held to Maturity, Fair Value | 1,002,841 | 183,826 |
Collateralized mortgage obligations [Member] | ' | ' |
Schedule of Held-to-maturity Securities [Line Items] | ' | ' |
Securities Held to Maturity, Amortized Cost | 1,374,734 | 1,323,128 |
Securities Held to Maturity, Gross Unrealized Gains | 2,615 | 23,942 |
Securities Held to Maturity, Gross Unrealized Losses | 18,519 | 941 |
Securities Held to Maturity, Fair Value | $1,358,830 | $1,346,129 |
Securities_Additional_Informat
Securities - Additional Information (Detail) (USD $) | 3 Months Ended | |
Sep. 30, 2013 | Dec. 31, 2012 | |
Investments Debt And Equity Securities [Abstract] | ' | ' |
Available for sale securities reclassified to held to maturity securities | $1,000,000,000 | ' |
Unrealized net holding gain on the available for sale securities on the date of transfer | 56,800,000 | ' |
Gains or losses recognized as a result of transfer | 0 | ' |
Securities pledged to secure public deposits and securities sold under agreements to repurchase | $2,600,000,000 | $2,600,000,000 |
Securities_Amortized_Cost_and_2
Securities - Amortized Cost and Fair Value of Available for Sale Securities by Contractual Maturity (Detail) (USD $) | Sep. 30, 2013 |
In Thousands, unless otherwise specified | |
Investments Debt And Equity Securities [Abstract] | ' |
Securities Available for Sale, Due in one year or less, Amortized Cost | $23,895 |
Securities Available for Sale, Due after one year through five years, Amortized Cost | 130,419 |
Securities Available for Sale, Due after five years through ten years, Amortized Cost | 154,962 |
Securities Available for Sale, Due after ten years, Amortized Cost | 1,121,951 |
Total available for sale securities, Amortized Cost | 1,431,227 |
Securities Available for Sale, Due in one year or less, Fair Value | 24,010 |
Securities Available for Sale, Due after one year through five years, Fair Value | 130,124 |
Securities Available for Sale, Due after five years through ten years, Fair Value | 161,485 |
Securities Available for Sale, Due after ten years, Fair Value | 1,137,151 |
Total available for sale securities, Fair Value | $1,452,770 |
Securities_Amortized_Cost_and_3
Securities - Amortized Cost and Fair Value of Held to Maturity Securities by Contractual Maturity (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Investments Debt And Equity Securities [Abstract] | ' | ' |
Securities Held to Maturity, Due in one year or less, Amortized Cost | $107,697 | ' |
Securities Held to Maturity, Due after one year through five years, Amortized Cost | 669,896 | ' |
Securities Held to Maturity, Due after five years through ten years, Amortized Cost | 121,588 | ' |
Securities Held to Maturity, Due after ten years, Amortized Cost | 1,766,901 | ' |
Total Held to Maturity securities, Amortized Cost | 2,666,082 | 1,668,018 |
Securities Held to Maturity, Due in one year or less, Fair Value | 108,407 | ' |
Securities Held to Maturity, Due after one year through five years, Fair Value | 655,554 | ' |
Securities Held to Maturity, Due after five years through ten years, Fair Value | 117,864 | ' |
Securities Held to Maturity, Due after ten years, Fair Value | 1,772,042 | ' |
Total Held to Maturity Securities, Fair Value | $2,653,867 | $1,710,465 |
Securities_Available_for_Sale_
Securities - Available for Sale Securities Unrealized Losses (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Unrealized Loss And Fair Value Available For Sale Securities [Line Items] | ' | ' |
Available for sale securities, Losses less than 12 months, Fair Value | $206,828 | $63,298 |
Available for sale securities, Losses Less than 12 months, Gross Unrealized Losses | 7,885 | 30 |
Available for sale securities, Losses 12 months or longer, Fair value | 485 | 1,099 |
Available for sale securities, Losses 12 months or longer, Gross Unrealized Losses | 9 | 9 |
Available for sale securities, Total, Fair value | 207,313 | 64,397 |
Available for sale securities, Total, Gross Unrealized Losses | 7,894 | 39 |
US Treasury and government agency securities [Member] | ' | ' |
Unrealized Loss And Fair Value Available For Sale Securities [Line Items] | ' | ' |
Available for sale securities, Losses 12 months or longer, Fair value | 104 | ' |
Available for sale securities, Losses 12 months or longer, Gross Unrealized Losses | 1 | ' |
Available for sale securities, Total, Fair value | 104 | ' |
Available for sale securities, Total, Gross Unrealized Losses | 1 | ' |
Municipal obligations [Member] | ' | ' |
Unrealized Loss And Fair Value Available For Sale Securities [Line Items] | ' | ' |
Available for sale securities, Losses less than 12 months, Fair Value | 13,647 | 5,278 |
Available for sale securities, Losses Less than 12 months, Gross Unrealized Losses | 122 | 14 |
Available for sale securities, Total, Fair value | 13,647 | 5,278 |
Available for sale securities, Total, Gross Unrealized Losses | 122 | 14 |
Mortgage-backed securities [Member] | ' | ' |
Unrealized Loss And Fair Value Available For Sale Securities [Line Items] | ' | ' |
Available for sale securities, Losses less than 12 months, Fair Value | 144,859 | 57,752 |
Available for sale securities, Losses Less than 12 months, Gross Unrealized Losses | 6,488 | 14 |
Available for sale securities, Losses 12 months or longer, Fair value | 379 | 1,097 |
Available for sale securities, Losses 12 months or longer, Gross Unrealized Losses | 7 | 7 |
Available for sale securities, Total, Fair value | 145,238 | 58,849 |
Available for sale securities, Total, Gross Unrealized Losses | 6,495 | 21 |
Collateralized mortgage obligations [Member] | ' | ' |
Unrealized Loss And Fair Value Available For Sale Securities [Line Items] | ' | ' |
Available for sale securities, Losses less than 12 months, Fair Value | 45,032 | ' |
Available for sale securities, Losses Less than 12 months, Gross Unrealized Losses | 1,256 | ' |
Available for sale securities, Total, Fair value | 45,032 | ' |
Available for sale securities, Total, Gross Unrealized Losses | 1,256 | ' |
Equity securities [Member] | ' | ' |
Unrealized Loss And Fair Value Available For Sale Securities [Line Items] | ' | ' |
Available for sale securities, Losses less than 12 months, Fair Value | 3,290 | 268 |
Available for sale securities, Losses Less than 12 months, Gross Unrealized Losses | 19 | 2 |
Available for sale securities, Losses 12 months or longer, Fair value | 2 | 2 |
Available for sale securities, Losses 12 months or longer, Gross Unrealized Losses | 1 | 2 |
Available for sale securities, Total, Fair value | 3,292 | 270 |
Available for sale securities, Total, Gross Unrealized Losses | $20 | $4 |
Securities_Held_to_Maturity_wi
Securities - Held to Maturity with Unrealized Losses (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Schedule of Held-to-maturity Securities [Line Items] | ' | ' |
Held to maturity securities, Losses less than 12 months, Fair Value | $983,077 | $87,852 |
Held to maturity securities, Losses Less than 12 months, Gross Unrealized Losses | 24,747 | 259 |
Held to maturity securities, Losses 12 months or longer, Fair value | 282,108 | 54,445 |
Held to maturity securities, Losses 12 months or longer, Gross Unrealized Losses | 1,181 | 682 |
Held to maturity securities, Total, Fair value | 1,265,185 | 142,297 |
Held to maturity securities, Total, Gross Unrealized Losses | 25,928 | 941 |
Municipal obligations [Member] | ' | ' |
Schedule of Held-to-maturity Securities [Line Items] | ' | ' |
Held to maturity securities, Losses less than 12 months, Fair Value | 115,901 | ' |
Held to maturity securities, Losses Less than 12 months, Gross Unrealized Losses | 5,252 | ' |
Held to maturity securities, Losses 12 months or longer, Fair value | 1,253 | ' |
Held to maturity securities, Losses 12 months or longer, Gross Unrealized Losses | 39 | ' |
Held to maturity securities, Total, Fair value | 117,154 | ' |
Held to maturity securities, Total, Gross Unrealized Losses | 5,291 | ' |
Mortgage-backed securities [Member] | ' | ' |
Schedule of Held-to-maturity Securities [Line Items] | ' | ' |
Held to maturity securities, Losses less than 12 months, Fair Value | 147,019 | ' |
Held to maturity securities, Losses Less than 12 months, Gross Unrealized Losses | 2,118 | ' |
Held to maturity securities, Total, Fair value | 147,019 | ' |
Held to maturity securities, Total, Gross Unrealized Losses | 2,118 | ' |
Collateralized mortgage obligations [Member] | ' | ' |
Schedule of Held-to-maturity Securities [Line Items] | ' | ' |
Held to maturity securities, Losses less than 12 months, Fair Value | 720,157 | 87,852 |
Held to maturity securities, Losses Less than 12 months, Gross Unrealized Losses | 17,377 | 259 |
Held to maturity securities, Losses 12 months or longer, Fair value | 280,855 | 54,445 |
Held to maturity securities, Losses 12 months or longer, Gross Unrealized Losses | 1,142 | 682 |
Held to maturity securities, Total, Fair value | 1,001,012 | 142,297 |
Held to maturity securities, Total, Gross Unrealized Losses | $18,519 | $941 |
Loans_and_Allowance_for_Loan_L2
Loans and Allowance for Loan Losses - Loans, Net of Unearned Income (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Loans Receivable [Line Items] | ' | ' |
Total covered loans | $392,002 | $515,823 |
Total loans | 11,734,472 | 11,577,802 |
Commercial Non-Real Estate [Member] | ' | ' |
Loans Receivable [Line Items] | ' | ' |
Total covered loans | 24,340 | 29,260 |
Total loans | 4,625,315 | 4,433,288 |
Construction and Land Development [Member] | ' | ' |
Loans Receivable [Line Items] | ' | ' |
Total covered loans | 23,197 | 28,482 |
Total loans | 920,408 | 989,306 |
Commercial Real Estate [Member] | ' | ' |
Loans Receivable [Line Items] | ' | ' |
Total covered loans | 60,280 | 95,146 |
Total loans | 2,914,969 | 2,923,094 |
Residential Mortgage Loans [Member] | ' | ' |
Loans Receivable [Line Items] | ' | ' |
Total covered loans | 223,494 | 263,515 |
Total loans | 1,695,197 | 1,577,944 |
Consumer loans [Member] | ' | ' |
Loans Receivable [Line Items] | ' | ' |
Total covered loans | 60,691 | 99,420 |
Total loans | 1,578,583 | 1,654,170 |
Originated loans [Member] | ' | ' |
Loans Receivable [Line Items] | ' | ' |
Total-excluding covered | 8,700,767 | 7,107,221 |
Originated loans [Member] | Commercial Non-Real Estate [Member] | ' | ' |
Loans Receivable [Line Items] | ' | ' |
Total-excluding covered-Commercial non-real estate | 3,633,490 | 2,713,385 |
Originated loans [Member] | Construction and Land Development [Member] | ' | ' |
Loans Receivable [Line Items] | ' | ' |
Total-excluding covered-Construction and land development | 738,983 | 665,673 |
Originated loans [Member] | Commercial Real Estate [Member] | ' | ' |
Loans Receivable [Line Items] | ' | ' |
Total-excluding covered-Commercial real estate | 1,816,402 | 1,548,402 |
Originated loans [Member] | Residential Mortgage Loans [Member] | ' | ' |
Loans Receivable [Line Items] | ' | ' |
Total-excluding covered-Residential mortgages | 1,124,649 | 827,985 |
Originated loans [Member] | Consumer loans [Member] | ' | ' |
Loans Receivable [Line Items] | ' | ' |
Total-excluding covered-Consumer | 1,387,243 | 1,351,776 |
Acquired loans [Member] | ' | ' |
Loans Receivable [Line Items] | ' | ' |
Total-excluding covered | 2,641,703 | 3,954,758 |
Acquired loans [Member] | Commercial Non-Real Estate [Member] | ' | ' |
Loans Receivable [Line Items] | ' | ' |
Total-excluding covered-Commercial non-real estate | 967,485 | 1,690,643 |
Acquired loans [Member] | Construction and Land Development [Member] | ' | ' |
Loans Receivable [Line Items] | ' | ' |
Total-excluding covered-Construction and land development | 158,228 | 295,151 |
Acquired loans [Member] | Commercial Real Estate [Member] | ' | ' |
Loans Receivable [Line Items] | ' | ' |
Total-excluding covered-Commercial real estate | 1,038,287 | 1,279,546 |
Acquired loans [Member] | Residential Mortgage Loans [Member] | ' | ' |
Loans Receivable [Line Items] | ' | ' |
Total-excluding covered-Residential mortgages | 347,054 | 486,444 |
Acquired loans [Member] | Consumer loans [Member] | ' | ' |
Loans Receivable [Line Items] | ' | ' |
Total-excluding covered-Consumer | $130,649 | $202,974 |
Loans_and_Allowance_for_Loan_L3
Loans and Allowance for Loan Losses - Schedule of Activity in Loss Share Receivable (Detail) (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Receivables [Abstract] | ' | ' |
Balance, January 1 | $177,844 | $231,085 |
Accretion (amortization) | -590 | 5,000 |
Charge-offs, write-downs and other losses | -190 | 36,685 |
External expenses qualifying under loss share agreement | 7,918 | 7,422 |
Payments received from the FDIC | -60,886 | -84,130 |
Ending balance | $124,096 | $196,062 |
Loans_and_Allowance_for_Loan_L4
Loans and Allowance for Loan Losses - Allowance for Loan Losses by Portfolio Segment and Related Recorded Investment in Loans (Detail) (USD $) | 3 Months Ended | 9 Months Ended | |||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Loans and Leases receivable, Allowance, Beginning Balance | ' | ' | $136,171 | ' | ' |
Loans and Leases receivable, Allowance, Ending Balance | 11,734,472 | ' | 11,734,472 | ' | 11,577,802 |
Net provision for loan losses | 7,569 | 8,101 | 25,404 | 26,141 | ' |
Loans and Leases receivable, Allowance, Ending Balance | 138,223 | ' | 138,223 | ' | ' |
Commercial Non-Real Estate [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Loans and Leases receivable, Allowance, Ending Balance | 4,625,315 | ' | 4,625,315 | ' | 4,433,288 |
Construction and Land Development [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Loans and Leases receivable, Allowance, Ending Balance | 920,408 | ' | 920,408 | ' | 989,306 |
Commercial Real Estate [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Loans and Leases receivable, Allowance, Ending Balance | 2,914,969 | ' | 2,914,969 | ' | 2,923,094 |
Residential Mortgage Loans [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Loans and Leases receivable, Allowance, Ending Balance | 1,695,197 | ' | 1,695,197 | ' | 1,577,944 |
Consumer loans [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Loans and Leases receivable, Allowance, Ending Balance | 1,578,583 | ' | 1,578,583 | ' | 1,654,170 |
Commercial loans [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Loans and Leases receivable, Allowance, Ending Balance | ' | ' | ' | ' | 8,345,688 |
Allowance for loan losses [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Loans and Leases receivable, Allowance, Beginning Balance | ' | ' | 136,171 | ' | ' |
Loans and Leases receivable, Allowance, Beginning Balance | ' | ' | ' | 124,881 | ' |
Charge-offs | ' | ' | -40,259 | -57,427 | ' |
Recoveries | ' | ' | 15,410 | 7,595 | ' |
Net provision for loan losses | ' | ' | -25,404 | -26,141 | ' |
Increase in FDIC loss share receivable | ' | ' | 1,497 | 34,401 | ' |
Loans and Leases receivable, Allowance, Ending Balance | 138,223 | ' | 138,223 | ' | ' |
Loans and Leases receivable, Allowance, Ending Balance | ' | 135,591 | ' | 135,591 | ' |
Ending balance: Individually evaluated for impairment | 1,945 | 8,602 | 1,945 | 8,602 | ' |
Ending balance: Collectively evaluated for impairment | 75,939 | 71,147 | 75,939 | 71,147 | ' |
Acquired-impaired | 60,339 | 55,842 | 60,339 | 55,842 | ' |
Allowance for loan losses [Member] | Commercial Non-Real Estate [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Loans and Leases receivable, Allowance, Beginning Balance | ' | ' | 23,725 | ' | ' |
Charge-offs | ' | ' | -5,880 | ' | ' |
Recoveries | ' | ' | 3,471 | ' | ' |
Net provision for loan losses | ' | ' | -10,036 | ' | ' |
Increase in FDIC loss share receivable | ' | ' | 447 | ' | ' |
Loans and Leases receivable, Allowance, Ending Balance | 31,799 | ' | 31,799 | ' | ' |
Ending balance: Individually evaluated for impairment | 325 | ' | 325 | ' | ' |
Ending balance: Collectively evaluated for impairment | 29,784 | ' | 29,784 | ' | ' |
Acquired-impaired | 1,690 | ' | 1,690 | ' | ' |
Allowance for loan losses [Member] | Construction and Land Development [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Loans and Leases receivable, Allowance, Beginning Balance | ' | ' | 17,038 | ' | ' |
Charge-offs | ' | ' | -9,332 | ' | ' |
Recoveries | ' | ' | 1,797 | ' | ' |
Net provision for loan losses | ' | ' | -472 | ' | ' |
Increase in FDIC loss share receivable | ' | ' | -314 | ' | ' |
Loans and Leases receivable, Allowance, Ending Balance | 9,661 | ' | 9,661 | ' | ' |
Ending balance: Individually evaluated for impairment | 211 | ' | 211 | ' | ' |
Ending balance: Collectively evaluated for impairment | 6,971 | ' | 6,971 | ' | ' |
Acquired-impaired | 2,479 | ' | 2,479 | ' | ' |
Allowance for loan losses [Member] | Commercial Real Estate [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Loans and Leases receivable, Allowance, Beginning Balance | ' | ' | 36,392 | ' | ' |
Charge-offs | ' | ' | -8,034 | ' | ' |
Recoveries | ' | ' | 4,735 | ' | ' |
Net provision for loan losses | ' | ' | 2,038 | ' | ' |
Increase in FDIC loss share receivable | ' | ' | -732 | ' | ' |
Loans and Leases receivable, Allowance, Ending Balance | 30,323 | ' | 30,323 | ' | ' |
Ending balance: Individually evaluated for impairment | 1,409 | ' | 1,409 | ' | ' |
Ending balance: Collectively evaluated for impairment | 20,937 | ' | 20,937 | ' | ' |
Acquired-impaired | 7,977 | ' | 7,977 | ' | ' |
Allowance for loan losses [Member] | Residential Mortgage Loans [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Loans and Leases receivable, Allowance, Beginning Balance | ' | ' | 36,877 | ' | ' |
Loans and Leases receivable, Allowance, Beginning Balance | ' | ' | ' | 13,918 | ' |
Charge-offs | ' | ' | -2,496 | -4,889 | ' |
Recoveries | ' | ' | 1,004 | 310 | ' |
Net provision for loan losses | ' | ' | -4,787 | -6,532 | ' |
Increase in FDIC loss share receivable | ' | ' | 1,261 | 11,189 | ' |
Loans and Leases receivable, Allowance, Ending Balance | 41,433 | ' | 41,433 | ' | ' |
Loans and Leases receivable, Allowance, Ending Balance | ' | 27,060 | ' | 27,060 | ' |
Ending balance: Individually evaluated for impairment | ' | 133 | ' | 133 | ' |
Ending balance: Collectively evaluated for impairment | 5,912 | 4,518 | 5,912 | 4,518 | ' |
Acquired-impaired | 35,521 | 22,409 | 35,521 | 22,409 | ' |
Allowance for loan losses [Member] | Consumer loans [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Loans and Leases receivable, Allowance, Beginning Balance | ' | ' | 22,139 | ' | ' |
Loans and Leases receivable, Allowance, Beginning Balance | ' | ' | ' | 32,549 | ' |
Charge-offs | ' | ' | -14,517 | -11,663 | ' |
Recoveries | ' | ' | 4,403 | 3,060 | ' |
Net provision for loan losses | ' | ' | -12,147 | 5,753 | ' |
Increase in FDIC loss share receivable | ' | ' | 835 | 562 | ' |
Loans and Leases receivable, Allowance, Ending Balance | 25,007 | ' | 25,007 | ' | ' |
Loans and Leases receivable, Allowance, Ending Balance | ' | 18,755 | ' | 18,755 | ' |
Ending balance: Collectively evaluated for impairment | 12,335 | 16,080 | 12,335 | 16,080 | ' |
Acquired-impaired | 12,672 | 2,675 | 12,672 | 2,675 | ' |
Allowance for loan losses [Member] | Commercial loans [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Loans and Leases receivable, Allowance, Beginning Balance | ' | ' | ' | 78,414 | ' |
Charge-offs | ' | ' | ' | -40,875 | ' |
Recoveries | ' | ' | ' | 4,225 | ' |
Net provision for loan losses | ' | ' | ' | -25,362 | ' |
Increase in FDIC loss share receivable | ' | ' | ' | 22,650 | ' |
Loans and Leases receivable, Allowance, Ending Balance | ' | 89,776 | ' | 89,776 | ' |
Ending balance: Individually evaluated for impairment | ' | 8,469 | ' | 8,469 | ' |
Ending balance: Collectively evaluated for impairment | ' | 50,549 | ' | 50,549 | ' |
Acquired-impaired | ' | 30,758 | ' | 30,758 | ' |
Loans [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Loans and Leases receivable, Allowance, Ending Balance | 11,734,472 | 11,434,448 | 11,734,472 | 11,434,448 | ' |
Ending balance: Individually evaluated for impairment | 51,907 | 85,861 | 51,907 | 85,861 | ' |
Ending balance: Collectively evaluated for impairment | 11,225,592 | 10,595,864 | 11,225,592 | 10,595,864 | ' |
Acquired-impaired | 456,973 | 752,723 | 456,973 | 752,723 | ' |
Loans [Member] | Commercial Non-Real Estate [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Loans and Leases receivable, Allowance, Ending Balance | 4,625,315 | ' | 4,625,315 | ' | ' |
Ending balance: Individually evaluated for impairment | 11,090 | ' | 11,090 | ' | ' |
Ending balance: Collectively evaluated for impairment | 4,570,918 | ' | 4,570,918 | ' | ' |
Acquired-impaired | 43,307 | ' | 43,307 | ' | ' |
Loans [Member] | Construction and Land Development [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Loans and Leases receivable, Allowance, Ending Balance | 920,408 | ' | 920,408 | ' | ' |
Ending balance: Individually evaluated for impairment | 16,774 | ' | 16,774 | ' | ' |
Ending balance: Collectively evaluated for impairment | 865,357 | ' | 865,357 | ' | ' |
Acquired-impaired | 38,277 | ' | 38,277 | ' | ' |
Loans [Member] | Commercial Real Estate [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Loans and Leases receivable, Allowance, Ending Balance | 2,914,969 | ' | 2,914,969 | ' | ' |
Ending balance: Individually evaluated for impairment | 23,541 | ' | 23,541 | ' | ' |
Ending balance: Collectively evaluated for impairment | 2,805,716 | ' | 2,805,716 | ' | ' |
Acquired-impaired | 85,712 | ' | 85,712 | ' | ' |
Loans [Member] | Residential Mortgage Loans [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Loans and Leases receivable, Allowance, Ending Balance | 1,695,197 | 1,561,640 | 1,695,197 | 1,561,640 | ' |
Ending balance: Individually evaluated for impairment | 502 | 7,524 | 502 | 7,524 | ' |
Ending balance: Collectively evaluated for impairment | 1,465,814 | 1,259,767 | 1,465,814 | 1,259,767 | ' |
Acquired-impaired | 228,881 | 294,349 | 228,881 | 294,349 | ' |
Loans [Member] | Consumer loans [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Loans and Leases receivable, Allowance, Ending Balance | 1,578,583 | 1,685,339 | 1,578,583 | 1,685,339 | ' |
Ending balance: Collectively evaluated for impairment | 1,517,787 | 1,577,265 | 1,517,787 | 1,577,265 | ' |
Acquired-impaired | 60,796 | 108,074 | 60,796 | 108,074 | ' |
Loans [Member] | Commercial loans [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Loans and Leases receivable, Allowance, Ending Balance | ' | 8,187,469 | ' | 8,187,469 | ' |
Ending balance: Individually evaluated for impairment | ' | 78,337 | ' | 78,337 | ' |
Ending balance: Collectively evaluated for impairment | ' | 7,758,832 | ' | 7,758,832 | ' |
Acquired-impaired | ' | 350,300 | ' | 350,300 | ' |
Covered loans [Member] | Allowance for loan losses [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Loans and Leases receivable, Allowance, Beginning Balance | ' | ' | 56,609 | 41,635 | ' |
Charge-offs | ' | ' | -8,873 | -22,839 | ' |
Recoveries | ' | ' | 3,119 | ' | ' |
Net provision for loan losses | ' | ' | 7,987 | 2,645 | ' |
Increase in FDIC loss share receivable | ' | ' | 1,497 | 34,401 | ' |
Loans and Leases receivable, Allowance, Ending Balance | 60,339 | 55,842 | 60,339 | 55,842 | ' |
Ending balance: Individually evaluated for impairment | ' | ' | ' | ' | ' |
Acquired-impaired | 60,339 | 55,842 | 60,339 | 55,842 | ' |
Covered loans [Member] | Allowance for loan losses [Member] | Commercial Non-Real Estate [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Loans and Leases receivable, Allowance, Beginning Balance | ' | ' | 2,162 | ' | ' |
Charge-offs | ' | ' | -681 | ' | ' |
Recoveries | ' | ' | 90 | ' | ' |
Net provision for loan losses | ' | ' | -328 | ' | ' |
Increase in FDIC loss share receivable | ' | ' | 447 | ' | ' |
Loans and Leases receivable, Allowance, Ending Balance | 1,690 | ' | 1,690 | ' | ' |
Acquired-impaired | 1,690 | ' | 1,690 | ' | ' |
Covered loans [Member] | Allowance for loan losses [Member] | Construction and Land Development [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Loans and Leases receivable, Allowance, Beginning Balance | ' | ' | 5,623 | ' | ' |
Charge-offs | ' | ' | -1,784 | ' | ' |
Recoveries | ' | ' | 554 | ' | ' |
Net provision for loan losses | ' | ' | -1,600 | ' | ' |
Increase in FDIC loss share receivable | ' | ' | -314 | ' | ' |
Loans and Leases receivable, Allowance, Ending Balance | 2,479 | ' | 2,479 | ' | ' |
Acquired-impaired | 2,479 | ' | 2,479 | ' | ' |
Covered loans [Member] | Allowance for loan losses [Member] | Commercial Real Estate [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Loans and Leases receivable, Allowance, Beginning Balance | ' | ' | 9,433 | ' | ' |
Charge-offs | ' | ' | -4,316 | ' | ' |
Recoveries | ' | ' | 2,395 | ' | ' |
Net provision for loan losses | ' | ' | 1,197 | ' | ' |
Increase in FDIC loss share receivable | ' | ' | -732 | ' | ' |
Loans and Leases receivable, Allowance, Ending Balance | 7,977 | ' | 7,977 | ' | ' |
Acquired-impaired | 7,977 | ' | 7,977 | ' | ' |
Covered loans [Member] | Allowance for loan losses [Member] | Residential Mortgage Loans [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Loans and Leases receivable, Allowance, Beginning Balance | ' | ' | 30,471 | 9,024 | ' |
Charge-offs | ' | ' | -947 | ' | ' |
Recoveries | ' | ' | 13 | ' | ' |
Net provision for loan losses | ' | ' | 4,723 | 2,196 | ' |
Increase in FDIC loss share receivable | ' | ' | 1,261 | 11,189 | ' |
Loans and Leases receivable, Allowance, Ending Balance | 35,521 | 22,409 | 35,521 | 22,409 | ' |
Ending balance: Individually evaluated for impairment | ' | ' | ' | ' | ' |
Acquired-impaired | 35,521 | 22,409 | 35,521 | 22,409 | ' |
Covered loans [Member] | Allowance for loan losses [Member] | Consumer loans [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Loans and Leases receivable, Allowance, Beginning Balance | ' | ' | 8,920 | 14,408 | ' |
Charge-offs | ' | ' | -1,145 | ' | ' |
Recoveries | ' | ' | 67 | ' | ' |
Net provision for loan losses | ' | ' | 3,995 | -12,295 | ' |
Increase in FDIC loss share receivable | ' | ' | 835 | 562 | ' |
Loans and Leases receivable, Allowance, Ending Balance | 12,672 | 2,675 | 12,672 | 2,675 | ' |
Ending balance: Individually evaluated for impairment | ' | ' | ' | ' | ' |
Acquired-impaired | 12,672 | 2,675 | 12,672 | 2,675 | ' |
Covered loans [Member] | Allowance for loan losses [Member] | Commercial loans [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Loans and Leases receivable, Allowance, Beginning Balance | ' | ' | ' | 18,203 | ' |
Charge-offs | ' | ' | ' | -22,839 | ' |
Recoveries | ' | ' | ' | ' | ' |
Net provision for loan losses | ' | ' | ' | 12,744 | ' |
Increase in FDIC loss share receivable | ' | ' | ' | 22,650 | ' |
Loans and Leases receivable, Allowance, Ending Balance | ' | 30,758 | ' | 30,758 | ' |
Ending balance: Individually evaluated for impairment | ' | ' | ' | ' | ' |
Acquired-impaired | ' | 30,758 | ' | 30,758 | ' |
Covered loans [Member] | Loans [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Loans and Leases receivable, Allowance, Ending Balance | 392,002 | 555,732 | 392,002 | 555,732 | ' |
Acquired-impaired | 392,002 | ' | 392,002 | ' | ' |
Acquired-impaired | ' | 555,732 | ' | 555,732 | ' |
Covered loans [Member] | Loans [Member] | Commercial Non-Real Estate [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Loans and Leases receivable, Allowance, Ending Balance | 24,340 | ' | 24,340 | ' | ' |
Acquired-impaired | 24,340 | ' | 24,340 | ' | ' |
Covered loans [Member] | Loans [Member] | Construction and Land Development [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Loans and Leases receivable, Allowance, Ending Balance | 23,197 | ' | 23,197 | ' | ' |
Acquired-impaired | 23,197 | ' | 23,197 | ' | ' |
Covered loans [Member] | Loans [Member] | Commercial Real Estate [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Loans and Leases receivable, Allowance, Ending Balance | 60,280 | ' | 60,280 | ' | ' |
Acquired-impaired | 60,280 | ' | 60,280 | ' | ' |
Covered loans [Member] | Loans [Member] | Residential Mortgage Loans [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Loans and Leases receivable, Allowance, Ending Balance | 223,494 | 271,618 | 223,494 | 271,618 | ' |
Acquired-impaired | 223,494 | ' | 223,494 | ' | ' |
Acquired-impaired | ' | 271,618 | ' | 271,618 | ' |
Covered loans [Member] | Loans [Member] | Consumer loans [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Loans and Leases receivable, Allowance, Ending Balance | 60,691 | 107,390 | 60,691 | 107,390 | ' |
Acquired-impaired | 60,691 | ' | 60,691 | ' | ' |
Acquired-impaired | ' | 107,390 | ' | 107,390 | ' |
Covered loans [Member] | Loans [Member] | Commercial loans [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Loans and Leases receivable, Allowance, Ending Balance | ' | 176,724 | ' | 176,724 | ' |
Acquired-impaired | ' | 176,724 | ' | 176,724 | ' |
Originated loans [Member] | Allowance for loan losses [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Loans and Leases receivable, Allowance, Beginning Balance | ' | ' | 78,774 | 83,246 | ' |
Charge-offs | ' | ' | -31,386 | -34,588 | ' |
Recoveries | ' | ' | 12,291 | 7,595 | ' |
Net provision for loan losses | ' | ' | -17,742 | -23,496 | ' |
Loans and Leases receivable, Allowance, Ending Balance | 77,421 | 79,749 | 77,421 | 79,749 | ' |
Ending balance: Individually evaluated for impairment | 1,482 | 8,602 | 1,482 | 8,602 | ' |
Ending balance: Collectively evaluated for impairment | 75,939 | 71,147 | 75,939 | 71,147 | ' |
Originated loans [Member] | Allowance for loan losses [Member] | Commercial Non-Real Estate [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Loans and Leases receivable, Allowance, Beginning Balance | ' | ' | 20,775 | ' | ' |
Charge-offs | ' | ' | -5,199 | ' | ' |
Recoveries | ' | ' | 3,381 | ' | ' |
Net provision for loan losses | ' | ' | -11,152 | ' | ' |
Loans and Leases receivable, Allowance, Ending Balance | 30,109 | ' | 30,109 | ' | ' |
Ending balance: Individually evaluated for impairment | 325 | ' | 325 | ' | ' |
Ending balance: Collectively evaluated for impairment | 29,784 | ' | 29,784 | ' | ' |
Originated loans [Member] | Allowance for loan losses [Member] | Construction and Land Development [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Loans and Leases receivable, Allowance, Beginning Balance | ' | ' | 11,415 | ' | ' |
Charge-offs | ' | ' | -7,548 | ' | ' |
Recoveries | ' | ' | 1,243 | ' | ' |
Net provision for loan losses | ' | ' | -2,072 | ' | ' |
Loans and Leases receivable, Allowance, Ending Balance | 7,182 | ' | 7,182 | ' | ' |
Ending balance: Individually evaluated for impairment | 211 | ' | 211 | ' | ' |
Ending balance: Collectively evaluated for impairment | 6,971 | ' | 6,971 | ' | ' |
Originated loans [Member] | Allowance for loan losses [Member] | Commercial Real Estate [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Loans and Leases receivable, Allowance, Beginning Balance | ' | ' | 26,959 | ' | ' |
Charge-offs | ' | ' | -3,718 | ' | ' |
Recoveries | ' | ' | 2,340 | ' | ' |
Net provision for loan losses | ' | ' | 3,698 | ' | ' |
Loans and Leases receivable, Allowance, Ending Balance | 21,883 | ' | 21,883 | ' | ' |
Ending balance: Individually evaluated for impairment | 946 | ' | 946 | ' | ' |
Ending balance: Collectively evaluated for impairment | 20,937 | ' | 20,937 | ' | ' |
Originated loans [Member] | Allowance for loan losses [Member] | Residential Mortgage Loans [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Loans and Leases receivable, Allowance, Beginning Balance | ' | ' | 6,406 | 4,894 | ' |
Charge-offs | ' | ' | -1,549 | -4,889 | ' |
Recoveries | ' | ' | 991 | 310 | ' |
Net provision for loan losses | ' | ' | -64 | -4,336 | ' |
Loans and Leases receivable, Allowance, Ending Balance | 5,912 | 4,651 | 5,912 | 4,651 | ' |
Ending balance: Individually evaluated for impairment | ' | 133 | ' | 133 | ' |
Ending balance: Collectively evaluated for impairment | 5,912 | 4,518 | 5,912 | 4,518 | ' |
Originated loans [Member] | Allowance for loan losses [Member] | Consumer loans [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Loans and Leases receivable, Allowance, Beginning Balance | ' | ' | 13,219 | 18,141 | ' |
Charge-offs | ' | ' | -13,372 | -11,663 | ' |
Recoveries | ' | ' | 4,336 | 3,060 | ' |
Net provision for loan losses | ' | ' | -8,152 | -6,542 | ' |
Loans and Leases receivable, Allowance, Ending Balance | 12,335 | 16,080 | 12,335 | 16,080 | ' |
Ending balance: Collectively evaluated for impairment | 12,335 | 16,080 | 12,335 | 16,080 | ' |
Originated loans [Member] | Allowance for loan losses [Member] | Commercial loans [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Loans and Leases receivable, Allowance, Beginning Balance | ' | ' | ' | 60,211 | ' |
Charge-offs | ' | ' | ' | -18,036 | ' |
Recoveries | ' | ' | ' | 4,225 | ' |
Net provision for loan losses | ' | ' | ' | -12,618 | ' |
Loans and Leases receivable, Allowance, Ending Balance | ' | 59,018 | ' | 59,018 | ' |
Ending balance: Individually evaluated for impairment | ' | 8,469 | ' | 8,469 | ' |
Ending balance: Collectively evaluated for impairment | ' | 50,549 | ' | 50,549 | ' |
Originated loans [Member] | Loans [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Loans and Leases receivable, Allowance, Ending Balance | 8,700,767 | 6,581,194 | 8,700,767 | 6,581,194 | ' |
Ending balance: Individually evaluated for impairment | 46,125 | 85,861 | 46,125 | 85,861 | ' |
Ending balance: Collectively evaluated for impairment | 8,654,642 | 6,495,333 | 8,654,642 | 6,495,333 | ' |
Originated loans [Member] | Loans [Member] | Commercial Non-Real Estate [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Loans and Leases receivable, Allowance, Ending Balance | 3,633,490 | ' | 3,633,490 | ' | ' |
Ending balance: Individually evaluated for impairment | 8,911 | ' | 8,911 | ' | ' |
Ending balance: Collectively evaluated for impairment | 3,624,579 | ' | 3,624,579 | ' | ' |
Originated loans [Member] | Loans [Member] | Construction and Land Development [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Loans and Leases receivable, Allowance, Ending Balance | 738,983 | ' | 738,983 | ' | ' |
Ending balance: Individually evaluated for impairment | 16,044 | ' | 16,044 | ' | ' |
Ending balance: Collectively evaluated for impairment | 722,939 | ' | 722,939 | ' | ' |
Originated loans [Member] | Loans [Member] | Commercial Real Estate [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Loans and Leases receivable, Allowance, Ending Balance | 1,816,402 | ' | 1,816,402 | ' | ' |
Ending balance: Individually evaluated for impairment | 21,170 | ' | 21,170 | ' | ' |
Ending balance: Collectively evaluated for impairment | 1,795,232 | ' | 1,795,232 | ' | ' |
Originated loans [Member] | Loans [Member] | Residential Mortgage Loans [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Loans and Leases receivable, Allowance, Ending Balance | 1,124,649 | 757,471 | 1,124,649 | 757,471 | ' |
Ending balance: Individually evaluated for impairment | ' | 7,524 | ' | 7,524 | ' |
Ending balance: Collectively evaluated for impairment | 1,124,649 | 749,947 | 1,124,649 | 749,947 | ' |
Originated loans [Member] | Loans [Member] | Consumer loans [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Loans and Leases receivable, Allowance, Ending Balance | 1,387,243 | 1,357,987 | 1,387,243 | 1,357,987 | ' |
Ending balance: Collectively evaluated for impairment | 1,387,243 | 1,357,987 | 1,387,243 | 1,357,987 | ' |
Originated loans [Member] | Loans [Member] | Commercial loans [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Loans and Leases receivable, Allowance, Ending Balance | ' | 4,465,736 | ' | 4,465,736 | ' |
Ending balance: Individually evaluated for impairment | ' | 78,337 | ' | 78,337 | ' |
Ending balance: Collectively evaluated for impairment | ' | 4,387,399 | ' | 4,387,399 | ' |
Acquired loans [Member] | Allowance for loan losses [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Loans and Leases receivable, Allowance, Beginning Balance | ' | ' | 788 | ' | ' |
Net provision for loan losses | ' | ' | 325 | ' | ' |
Loans and Leases receivable, Allowance, Ending Balance | 463 | ' | 463 | ' | ' |
Ending balance: Individually evaluated for impairment | 463 | ' | 463 | ' | ' |
Acquired loans [Member] | Allowance for loan losses [Member] | Commercial Non-Real Estate [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Loans and Leases receivable, Allowance, Beginning Balance | ' | ' | 788 | ' | ' |
Net provision for loan losses | ' | ' | 788 | ' | ' |
Acquired loans [Member] | Allowance for loan losses [Member] | Commercial Real Estate [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Net provision for loan losses | ' | ' | -463 | ' | ' |
Loans and Leases receivable, Allowance, Ending Balance | 463 | ' | 463 | ' | ' |
Ending balance: Individually evaluated for impairment | 463 | ' | 463 | ' | ' |
Acquired loans [Member] | Loans [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Loans and Leases receivable, Allowance, Ending Balance | 2,641,703 | ' | 2,641,703 | ' | ' |
Ending balance: Individually evaluated for impairment | 5,782 | ' | 5,782 | ' | ' |
Ending balance: Collectively evaluated for impairment | 2,570,950 | ' | 2,570,950 | ' | ' |
Acquired-impaired | 64,971 | ' | 64,971 | ' | ' |
Acquired loans [Member] | Loans [Member] | Commercial Non-Real Estate [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Loans and Leases receivable, Allowance, Ending Balance | 967,485 | ' | 967,485 | ' | ' |
Ending balance: Individually evaluated for impairment | 2,179 | ' | 2,179 | ' | ' |
Ending balance: Collectively evaluated for impairment | 946,339 | ' | 946,339 | ' | ' |
Acquired-impaired | 18,967 | ' | 18,967 | ' | ' |
Acquired loans [Member] | Loans [Member] | Construction and Land Development [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Loans and Leases receivable, Allowance, Ending Balance | 158,228 | ' | 158,228 | ' | ' |
Ending balance: Individually evaluated for impairment | 730 | ' | 730 | ' | ' |
Ending balance: Collectively evaluated for impairment | 142,418 | ' | 142,418 | ' | ' |
Acquired-impaired | 15,080 | ' | 15,080 | ' | ' |
Acquired loans [Member] | Loans [Member] | Commercial Real Estate [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Loans and Leases receivable, Allowance, Ending Balance | 1,038,287 | ' | 1,038,287 | ' | ' |
Ending balance: Individually evaluated for impairment | 2,371 | ' | 2,371 | ' | ' |
Ending balance: Collectively evaluated for impairment | 1,010,484 | ' | 1,010,484 | ' | ' |
Acquired-impaired | 25,432 | ' | 25,432 | ' | ' |
Acquired loans [Member] | Loans [Member] | Residential Mortgage Loans [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Loans and Leases receivable, Allowance, Ending Balance | 347,054 | ' | 347,054 | ' | ' |
Ending balance: Individually evaluated for impairment | 502 | ' | 502 | ' | ' |
Ending balance: Collectively evaluated for impairment | 341,165 | ' | 341,165 | ' | ' |
Acquired-impaired | 5,387 | ' | 5,387 | ' | ' |
Acquired loans [Member] | Loans [Member] | Consumer loans [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Loans and Leases receivable, Allowance, Ending Balance | 130,649 | ' | 130,649 | ' | ' |
Ending balance: Collectively evaluated for impairment | 130,544 | ' | 130,544 | ' | ' |
Acquired-impaired | $105 | ' | $105 | ' | ' |
Loans_and_Allowance_for_Loan_L5
Loans and Allowance for Loan Losses - Allowance for Loan Losses by Portfolio Segment and Related Recorded Investment in Loans (Parenthetical) (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Provision expense for impairment covered loans | $7,569 | $8,101 | $25,404 | $26,141 |
Allowance for loan losses [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Provision expense for impairment covered loans | ' | ' | -25,404 | -26,141 |
Allowance for loan losses [Member] | Covered loans [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Provision expense for impairment covered loans | ' | ' | $7,987 | $2,645 |
Loans_and_Allowance_for_Loan_L6
Loans and Allowance for Loan Losses - Summary of Composition of Non-Accrual Loans by Portfolio Segment (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Nonaccrual Loans By Portfolio [Line Items] | ' | ' |
Non-Accrual Loans | $119,708 | $137,615 |
Commercial Non-Real Estate [Member] | ' | ' |
Nonaccrual Loans By Portfolio [Line Items] | ' | ' |
Non-Accrual Loans | 17,502 | 23,267 |
Construction and Land Development [Member] | ' | ' |
Nonaccrual Loans By Portfolio [Line Items] | ' | ' |
Non-Accrual Loans | 24,466 | 41,231 |
Commercial Real Estate [Member] | ' | ' |
Nonaccrual Loans By Portfolio [Line Items] | ' | ' |
Non-Accrual Loans | 46,997 | 48,019 |
Residential Mortgage Loans [Member] | ' | ' |
Nonaccrual Loans By Portfolio [Line Items] | ' | ' |
Non-Accrual Loans | 23,754 | 18,649 |
Consumer loans [Member] | ' | ' |
Nonaccrual Loans By Portfolio [Line Items] | ' | ' |
Non-Accrual Loans | 6,989 | 6,449 |
Originated loans [Member] | ' | ' |
Nonaccrual Loans By Portfolio [Line Items] | ' | ' |
Non-Accrual Loans | 91,462 | 103,428 |
Originated loans [Member] | Commercial Non-Real Estate [Member] | ' | ' |
Nonaccrual Loans By Portfolio [Line Items] | ' | ' |
Non-Accrual Loans | 14,118 | 18,941 |
Originated loans [Member] | Construction and Land Development [Member] | ' | ' |
Nonaccrual Loans By Portfolio [Line Items] | ' | ' |
Non-Accrual Loans | 19,817 | 32,777 |
Originated loans [Member] | Commercial Real Estate [Member] | ' | ' |
Nonaccrual Loans By Portfolio [Line Items] | ' | ' |
Non-Accrual Loans | 39,695 | 40,190 |
Originated loans [Member] | Residential Mortgage Loans [Member] | ' | ' |
Nonaccrual Loans By Portfolio [Line Items] | ' | ' |
Non-Accrual Loans | 13,148 | 7,705 |
Originated loans [Member] | Consumer loans [Member] | ' | ' |
Nonaccrual Loans By Portfolio [Line Items] | ' | ' |
Non-Accrual Loans | 4,684 | 3,815 |
Acquired loans [Member] | ' | ' |
Nonaccrual Loans By Portfolio [Line Items] | ' | ' |
Non-Accrual Loans | 23,083 | 30,087 |
Acquired loans [Member] | Commercial Non-Real Estate [Member] | ' | ' |
Nonaccrual Loans By Portfolio [Line Items] | ' | ' |
Non-Accrual Loans | 3,381 | 4,326 |
Acquired loans [Member] | Construction and Land Development [Member] | ' | ' |
Nonaccrual Loans By Portfolio [Line Items] | ' | ' |
Non-Accrual Loans | 2,025 | 5,967 |
Acquired loans [Member] | Commercial Real Estate [Member] | ' | ' |
Nonaccrual Loans By Portfolio [Line Items] | ' | ' |
Non-Accrual Loans | 6,123 | 6,609 |
Acquired loans [Member] | Residential Mortgage Loans [Member] | ' | ' |
Nonaccrual Loans By Portfolio [Line Items] | ' | ' |
Non-Accrual Loans | 9,664 | 10,551 |
Acquired loans [Member] | Consumer loans [Member] | ' | ' |
Nonaccrual Loans By Portfolio [Line Items] | ' | ' |
Non-Accrual Loans | 1,890 | 2,634 |
Covered loans [Member] | ' | ' |
Nonaccrual Loans By Portfolio [Line Items] | ' | ' |
Non-Accrual Loans | 5,163 | 4,100 |
Covered loans [Member] | Commercial Non-Real Estate [Member] | ' | ' |
Nonaccrual Loans By Portfolio [Line Items] | ' | ' |
Non-Accrual Loans | 3 | ' |
Covered loans [Member] | Construction and Land Development [Member] | ' | ' |
Nonaccrual Loans By Portfolio [Line Items] | ' | ' |
Non-Accrual Loans | 2,624 | 2,487 |
Covered loans [Member] | Commercial Real Estate [Member] | ' | ' |
Nonaccrual Loans By Portfolio [Line Items] | ' | ' |
Non-Accrual Loans | 1,179 | 1,220 |
Covered loans [Member] | Residential Mortgage Loans [Member] | ' | ' |
Nonaccrual Loans By Portfolio [Line Items] | ' | ' |
Non-Accrual Loans | 942 | 393 |
Covered loans [Member] | Consumer loans [Member] | ' | ' |
Nonaccrual Loans By Portfolio [Line Items] | ' | ' |
Non-Accrual Loans | $415 | ' |
Loans_and_Allowance_for_Loan_L7
Loans and Allowance for Loan Losses - Additional Information (Detail) (USD $) | 9 Months Ended | |
Sep. 30, 2013 | Dec. 31, 2012 | |
Non Accrual Loans Segregated By Class Of Loans [Line Items] | ' | ' |
Interest that would have been recognized on nonaccrual loans | $4,900,000 | ' |
Interest recovered on nonaccrual loans | 4,100,000 | ' |
Non-Accrual Loans | 119,708,000 | 137,615,000 |
Troubled Debt Restructuring | 29,700,000 | 32,200,000 |
Minimum Bank Portfolio loan need to be reviewed | 1,000,000 | ' |
Restructured Commercial Loan [Member] | ' | ' |
Non Accrual Loans Segregated By Class Of Loans [Line Items] | ' | ' |
Non-Accrual Loans | $19,100,000 | ' |
Loans_and_Allowance_for_Loan_L8
Loans and Allowance for Loan Losses - Schedule of Troubled Debt Restructurings Occurred During Period by Portfolio Segment (Detail) (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Contract | Contract | |
Troubled Debt Restructurings [Member] | ' | ' |
Troubled Debt Restructuring, Debtor, Current Period [Line Items] | ' | ' |
Number of Contracts | 8 | 12 |
Pre-Modification Outstanding Recorded Investment | $3,740 | $10,976 |
Post-Modification Outstanding Recorded Investment | 3,502 | 9,933 |
Troubled Debt Restructurings [Member] | Commercial Non-Real Estate [Member] | ' | ' |
Troubled Debt Restructuring, Debtor, Current Period [Line Items] | ' | ' |
Number of Contracts | 1 | 1 |
Pre-Modification Outstanding Recorded Investment | 926 | 790 |
Post-Modification Outstanding Recorded Investment | 913 | 790 |
Troubled Debt Restructurings [Member] | Construction and Land Development [Member] | ' | ' |
Troubled Debt Restructuring, Debtor, Current Period [Line Items] | ' | ' |
Number of Contracts | ' | ' |
Pre-Modification Outstanding Recorded Investment | ' | ' |
Post-Modification Outstanding Recorded Investment | ' | ' |
Troubled Debt Restructurings [Member] | Commercial Real Estate [Member] | ' | ' |
Troubled Debt Restructuring, Debtor, Current Period [Line Items] | ' | ' |
Number of Contracts | 5 | 9 |
Pre-Modification Outstanding Recorded Investment | 1,844 | 9,475 |
Post-Modification Outstanding Recorded Investment | 1,746 | 8,582 |
Troubled Debt Restructurings [Member] | Residential Mortgage Loans [Member] | ' | ' |
Troubled Debt Restructuring, Debtor, Current Period [Line Items] | ' | ' |
Number of Contracts | 2 | 2 |
Pre-Modification Outstanding Recorded Investment | 970 | 711 |
Post-Modification Outstanding Recorded Investment | 843 | 561 |
Troubled Debt Restructurings [Member] | Consumer loans [Member] | ' | ' |
Troubled Debt Restructuring, Debtor, Current Period [Line Items] | ' | ' |
Number of Contracts | ' | ' |
Pre-Modification Outstanding Recorded Investment | ' | ' |
Post-Modification Outstanding Recorded Investment | ' | ' |
Troubled Debt Restructurings [Member] | Originated loans [Member] | ' | ' |
Troubled Debt Restructuring, Debtor, Current Period [Line Items] | ' | ' |
Number of Contracts | 6 | 12 |
Pre-Modification Outstanding Recorded Investment | 2,714 | 10,976 |
Post-Modification Outstanding Recorded Investment | 2,526 | 9,933 |
Troubled Debt Restructurings [Member] | Originated loans [Member] | Commercial Non-Real Estate [Member] | ' | ' |
Troubled Debt Restructuring, Debtor, Current Period [Line Items] | ' | ' |
Number of Contracts | 1 | 1 |
Pre-Modification Outstanding Recorded Investment | 926 | 790 |
Post-Modification Outstanding Recorded Investment | 913 | 790 |
Troubled Debt Restructurings [Member] | Originated loans [Member] | Construction and Land Development [Member] | ' | ' |
Troubled Debt Restructuring, Debtor, Current Period [Line Items] | ' | ' |
Number of Contracts | ' | ' |
Pre-Modification Outstanding Recorded Investment | ' | ' |
Post-Modification Outstanding Recorded Investment | ' | ' |
Troubled Debt Restructurings [Member] | Originated loans [Member] | Commercial Real Estate [Member] | ' | ' |
Troubled Debt Restructuring, Debtor, Current Period [Line Items] | ' | ' |
Number of Contracts | 4 | 9 |
Pre-Modification Outstanding Recorded Investment | 1,332 | 9,475 |
Post-Modification Outstanding Recorded Investment | 1,270 | 8,582 |
Troubled Debt Restructurings [Member] | Originated loans [Member] | Residential Mortgage Loans [Member] | ' | ' |
Troubled Debt Restructuring, Debtor, Current Period [Line Items] | ' | ' |
Number of Contracts | 1 | 2 |
Pre-Modification Outstanding Recorded Investment | 456 | 711 |
Post-Modification Outstanding Recorded Investment | 343 | 561 |
Troubled Debt Restructurings [Member] | Originated loans [Member] | Consumer loans [Member] | ' | ' |
Troubled Debt Restructuring, Debtor, Current Period [Line Items] | ' | ' |
Number of Contracts | ' | ' |
Pre-Modification Outstanding Recorded Investment | ' | ' |
Post-Modification Outstanding Recorded Investment | ' | ' |
Troubled Debt Restructurings [Member] | Acquired loans [Member] | ' | ' |
Troubled Debt Restructuring, Debtor, Current Period [Line Items] | ' | ' |
Number of Contracts | 2 | ' |
Pre-Modification Outstanding Recorded Investment | 1,026 | ' |
Post-Modification Outstanding Recorded Investment | 976 | ' |
Troubled Debt Restructurings [Member] | Acquired loans [Member] | Commercial Non-Real Estate [Member] | ' | ' |
Troubled Debt Restructuring, Debtor, Current Period [Line Items] | ' | ' |
Number of Contracts | ' | ' |
Pre-Modification Outstanding Recorded Investment | ' | ' |
Post-Modification Outstanding Recorded Investment | ' | ' |
Troubled Debt Restructurings [Member] | Acquired loans [Member] | Construction and Land Development [Member] | ' | ' |
Troubled Debt Restructuring, Debtor, Current Period [Line Items] | ' | ' |
Number of Contracts | ' | ' |
Pre-Modification Outstanding Recorded Investment | ' | ' |
Post-Modification Outstanding Recorded Investment | ' | ' |
Troubled Debt Restructurings [Member] | Acquired loans [Member] | Commercial Real Estate [Member] | ' | ' |
Troubled Debt Restructuring, Debtor, Current Period [Line Items] | ' | ' |
Number of Contracts | 1 | ' |
Pre-Modification Outstanding Recorded Investment | 512 | ' |
Post-Modification Outstanding Recorded Investment | 476 | ' |
Troubled Debt Restructurings [Member] | Acquired loans [Member] | Residential Mortgage Loans [Member] | ' | ' |
Troubled Debt Restructuring, Debtor, Current Period [Line Items] | ' | ' |
Number of Contracts | 1 | ' |
Pre-Modification Outstanding Recorded Investment | 514 | ' |
Post-Modification Outstanding Recorded Investment | 500 | ' |
Troubled Debt Restructurings [Member] | Acquired loans [Member] | Consumer loans [Member] | ' | ' |
Troubled Debt Restructuring, Debtor, Current Period [Line Items] | ' | ' |
Number of Contracts | ' | ' |
Pre-Modification Outstanding Recorded Investment | ' | ' |
Post-Modification Outstanding Recorded Investment | ' | ' |
Troubled Debt Restructurings [Member] | Covered loans [Member] | ' | ' |
Troubled Debt Restructuring, Debtor, Current Period [Line Items] | ' | ' |
Number of Contracts | ' | ' |
Pre-Modification Outstanding Recorded Investment | ' | ' |
Post-Modification Outstanding Recorded Investment | ' | ' |
Troubled Debt Restructurings [Member] | Covered loans [Member] | Commercial Non-Real Estate [Member] | ' | ' |
Troubled Debt Restructuring, Debtor, Current Period [Line Items] | ' | ' |
Number of Contracts | ' | ' |
Pre-Modification Outstanding Recorded Investment | ' | ' |
Post-Modification Outstanding Recorded Investment | ' | ' |
Troubled Debt Restructurings [Member] | Covered loans [Member] | Construction and Land Development [Member] | ' | ' |
Troubled Debt Restructuring, Debtor, Current Period [Line Items] | ' | ' |
Number of Contracts | ' | ' |
Pre-Modification Outstanding Recorded Investment | ' | ' |
Post-Modification Outstanding Recorded Investment | ' | ' |
Troubled Debt Restructurings [Member] | Covered loans [Member] | Commercial Real Estate [Member] | ' | ' |
Troubled Debt Restructuring, Debtor, Current Period [Line Items] | ' | ' |
Number of Contracts | ' | ' |
Pre-Modification Outstanding Recorded Investment | ' | ' |
Post-Modification Outstanding Recorded Investment | ' | ' |
Troubled Debt Restructurings [Member] | Covered loans [Member] | Residential Mortgage Loans [Member] | ' | ' |
Troubled Debt Restructuring, Debtor, Current Period [Line Items] | ' | ' |
Number of Contracts | ' | ' |
Pre-Modification Outstanding Recorded Investment | ' | ' |
Post-Modification Outstanding Recorded Investment | ' | ' |
Troubled Debt Restructurings [Member] | Covered loans [Member] | Consumer loans [Member] | ' | ' |
Troubled Debt Restructuring, Debtor, Current Period [Line Items] | ' | ' |
Number of Contracts | ' | ' |
Pre-Modification Outstanding Recorded Investment | ' | ' |
Post-Modification Outstanding Recorded Investment | ' | ' |
Troubled Debt Restructurings That Subsequently Defaulted [Member] | ' | ' |
Troubled Debt Restructuring, Debtor, Current Period [Line Items] | ' | ' |
Number of Contracts | ' | 2 |
Recorded Investment | ' | 1,787 |
Troubled Debt Restructurings That Subsequently Defaulted [Member] | Commercial Non-Real Estate [Member] | ' | ' |
Troubled Debt Restructuring, Debtor, Current Period [Line Items] | ' | ' |
Number of Contracts | ' | ' |
Recorded Investment | ' | ' |
Troubled Debt Restructurings That Subsequently Defaulted [Member] | Construction and Land Development [Member] | ' | ' |
Troubled Debt Restructuring, Debtor, Current Period [Line Items] | ' | ' |
Number of Contracts | ' | ' |
Recorded Investment | ' | ' |
Troubled Debt Restructurings That Subsequently Defaulted [Member] | Commercial Real Estate [Member] | ' | ' |
Troubled Debt Restructuring, Debtor, Current Period [Line Items] | ' | ' |
Number of Contracts | ' | 2 |
Recorded Investment | ' | 1,787 |
Troubled Debt Restructurings That Subsequently Defaulted [Member] | Residential Mortgage Loans [Member] | ' | ' |
Troubled Debt Restructuring, Debtor, Current Period [Line Items] | ' | ' |
Number of Contracts | ' | ' |
Recorded Investment | ' | ' |
Troubled Debt Restructurings That Subsequently Defaulted [Member] | Consumer loans [Member] | ' | ' |
Troubled Debt Restructuring, Debtor, Current Period [Line Items] | ' | ' |
Number of Contracts | ' | ' |
Recorded Investment | ' | ' |
Troubled Debt Restructurings That Subsequently Defaulted [Member] | Originated loans [Member] | ' | ' |
Troubled Debt Restructuring, Debtor, Current Period [Line Items] | ' | ' |
Number of Contracts | ' | 2 |
Recorded Investment | ' | 1,787 |
Troubled Debt Restructurings That Subsequently Defaulted [Member] | Originated loans [Member] | Commercial Non-Real Estate [Member] | ' | ' |
Troubled Debt Restructuring, Debtor, Current Period [Line Items] | ' | ' |
Number of Contracts | ' | ' |
Recorded Investment | ' | ' |
Troubled Debt Restructurings That Subsequently Defaulted [Member] | Originated loans [Member] | Construction and Land Development [Member] | ' | ' |
Troubled Debt Restructuring, Debtor, Current Period [Line Items] | ' | ' |
Number of Contracts | ' | ' |
Recorded Investment | ' | ' |
Troubled Debt Restructurings That Subsequently Defaulted [Member] | Originated loans [Member] | Commercial Real Estate [Member] | ' | ' |
Troubled Debt Restructuring, Debtor, Current Period [Line Items] | ' | ' |
Number of Contracts | ' | 2 |
Recorded Investment | ' | 1,787 |
Troubled Debt Restructurings That Subsequently Defaulted [Member] | Originated loans [Member] | Residential Mortgage Loans [Member] | ' | ' |
Troubled Debt Restructuring, Debtor, Current Period [Line Items] | ' | ' |
Number of Contracts | ' | ' |
Recorded Investment | ' | ' |
Troubled Debt Restructurings That Subsequently Defaulted [Member] | Originated loans [Member] | Consumer loans [Member] | ' | ' |
Troubled Debt Restructuring, Debtor, Current Period [Line Items] | ' | ' |
Number of Contracts | ' | ' |
Recorded Investment | ' | ' |
Troubled Debt Restructurings That Subsequently Defaulted [Member] | Acquired loans [Member] | ' | ' |
Troubled Debt Restructuring, Debtor, Current Period [Line Items] | ' | ' |
Number of Contracts | ' | ' |
Recorded Investment | ' | ' |
Troubled Debt Restructurings That Subsequently Defaulted [Member] | Acquired loans [Member] | Commercial Non-Real Estate [Member] | ' | ' |
Troubled Debt Restructuring, Debtor, Current Period [Line Items] | ' | ' |
Number of Contracts | ' | ' |
Recorded Investment | ' | ' |
Troubled Debt Restructurings That Subsequently Defaulted [Member] | Acquired loans [Member] | Construction and Land Development [Member] | ' | ' |
Troubled Debt Restructuring, Debtor, Current Period [Line Items] | ' | ' |
Number of Contracts | ' | ' |
Recorded Investment | ' | ' |
Troubled Debt Restructurings That Subsequently Defaulted [Member] | Acquired loans [Member] | Commercial Real Estate [Member] | ' | ' |
Troubled Debt Restructuring, Debtor, Current Period [Line Items] | ' | ' |
Number of Contracts | ' | ' |
Recorded Investment | ' | ' |
Troubled Debt Restructurings That Subsequently Defaulted [Member] | Acquired loans [Member] | Residential Mortgage Loans [Member] | ' | ' |
Troubled Debt Restructuring, Debtor, Current Period [Line Items] | ' | ' |
Number of Contracts | ' | ' |
Recorded Investment | ' | ' |
Troubled Debt Restructurings That Subsequently Defaulted [Member] | Acquired loans [Member] | Consumer loans [Member] | ' | ' |
Troubled Debt Restructuring, Debtor, Current Period [Line Items] | ' | ' |
Number of Contracts | ' | ' |
Recorded Investment | ' | ' |
Troubled Debt Restructurings That Subsequently Defaulted [Member] | Covered loans [Member] | ' | ' |
Troubled Debt Restructuring, Debtor, Current Period [Line Items] | ' | ' |
Number of Contracts | ' | ' |
Recorded Investment | ' | ' |
Troubled Debt Restructurings That Subsequently Defaulted [Member] | Covered loans [Member] | Commercial Non-Real Estate [Member] | ' | ' |
Troubled Debt Restructuring, Debtor, Current Period [Line Items] | ' | ' |
Number of Contracts | ' | ' |
Recorded Investment | ' | ' |
Troubled Debt Restructurings That Subsequently Defaulted [Member] | Covered loans [Member] | Construction and Land Development [Member] | ' | ' |
Troubled Debt Restructuring, Debtor, Current Period [Line Items] | ' | ' |
Number of Contracts | ' | ' |
Recorded Investment | ' | ' |
Troubled Debt Restructurings That Subsequently Defaulted [Member] | Covered loans [Member] | Commercial Real Estate [Member] | ' | ' |
Troubled Debt Restructuring, Debtor, Current Period [Line Items] | ' | ' |
Number of Contracts | ' | ' |
Recorded Investment | ' | ' |
Troubled Debt Restructurings That Subsequently Defaulted [Member] | Covered loans [Member] | Residential Mortgage Loans [Member] | ' | ' |
Troubled Debt Restructuring, Debtor, Current Period [Line Items] | ' | ' |
Number of Contracts | ' | ' |
Recorded Investment | ' | ' |
Troubled Debt Restructurings That Subsequently Defaulted [Member] | Covered loans [Member] | Consumer loans [Member] | ' | ' |
Troubled Debt Restructuring, Debtor, Current Period [Line Items] | ' | ' |
Number of Contracts | ' | ' |
Recorded Investment | ' | ' |
Loans_and_Allowance_for_Loan_L9
Loans and Allowance for Loan Losses - Summary of Impaired Loans Disaggregated by Class (Detail) (USD $) | 9 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Recorded Investment, With no related allowance recorded | $21,141 | $41,526 |
Recorded Investment, With a related allowance recorded | 30,766 | 42,052 |
Recorded Investment, Total | 51,907 | 83,578 |
Unpaid Principal Balance, With no related allowance recorded | 24,869 | 70,970 |
Unpaid Principal Balance, With a related allowance recorded | 31,408 | 44,303 |
Unpaid Principal Balance, Total | 56,277 | 115,273 |
Related Allowance, Total | 1,945 | 7,165 |
Average Recorded Investment, With no related allowance recorded | 24,973 | 33,502 |
Average Recorded Investment, With a related allowance recorded | 43,349 | 47,402 |
Average Recorded Investment, Total | 68,322 | 80,904 |
Interest Income Recognized, With no related allowance recorded | 456 | 619 |
Interest Income Recognized, With a related allowance recorded | 683 | 703 |
Interest Income Recognized, Total | 1,139 | 1,322 |
Commercial Non-Real Estate [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Recorded Investment, With no related allowance recorded | 3,027 | ' |
Recorded Investment, With a related allowance recorded | 8,063 | ' |
Recorded Investment, Total | 11,090 | ' |
Unpaid Principal Balance, With no related allowance recorded | 3,259 | ' |
Unpaid Principal Balance, With a related allowance recorded | 8,365 | ' |
Unpaid Principal Balance, Total | 11,624 | ' |
Related Allowance, Total | 325 | ' |
Average Recorded Investment, With no related allowance recorded | 757 | ' |
Average Recorded Investment, With a related allowance recorded | 13,363 | ' |
Average Recorded Investment, Total | 14,120 | ' |
Interest Income Recognized, With no related allowance recorded | 12 | ' |
Interest Income Recognized, With a related allowance recorded | 230 | ' |
Interest Income Recognized, Total | 242 | ' |
Construction and Land Development [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Recorded Investment, With no related allowance recorded | 10,528 | ' |
Recorded Investment, With a related allowance recorded | 6,246 | ' |
Recorded Investment, Total | 16,774 | ' |
Unpaid Principal Balance, With no related allowance recorded | 12,185 | ' |
Unpaid Principal Balance, With a related allowance recorded | 6,246 | ' |
Unpaid Principal Balance, Total | 18,431 | ' |
Related Allowance, Total | 211 | ' |
Average Recorded Investment, With no related allowance recorded | 2,633 | ' |
Average Recorded Investment, With a related allowance recorded | 1,759 | ' |
Average Recorded Investment, Total | 4,392 | ' |
Interest Income Recognized, With no related allowance recorded | 53 | ' |
Interest Income Recognized, With a related allowance recorded | 40 | ' |
Interest Income Recognized, Total | 93 | ' |
Commercial Real Estate [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Recorded Investment, With no related allowance recorded | 7,084 | ' |
Recorded Investment, With a related allowance recorded | 16,457 | ' |
Recorded Investment, Total | 23,541 | ' |
Unpaid Principal Balance, With no related allowance recorded | 8,916 | ' |
Unpaid Principal Balance, With a related allowance recorded | 16,797 | ' |
Unpaid Principal Balance, Total | 25,713 | ' |
Related Allowance, Total | 1,409 | ' |
Average Recorded Investment, With no related allowance recorded | 19,606 | ' |
Average Recorded Investment, With a related allowance recorded | 25,755 | ' |
Average Recorded Investment, Total | 45,361 | ' |
Interest Income Recognized, With no related allowance recorded | 391 | ' |
Interest Income Recognized, With a related allowance recorded | 413 | ' |
Interest Income Recognized, Total | 804 | ' |
Residential Mortgage Loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Recorded Investment, With no related allowance recorded | 502 | 3,114 |
Recorded Investment, With a related allowance recorded | ' | ' |
Recorded Investment, Total | 502 | 3,114 |
Unpaid Principal Balance, With no related allowance recorded | 509 | 5,661 |
Unpaid Principal Balance, With a related allowance recorded | ' | ' |
Unpaid Principal Balance, Total | 509 | 5,661 |
Related Allowance, Total | ' | ' |
Average Recorded Investment, With no related allowance recorded | 710 | 3,701 |
Average Recorded Investment, With a related allowance recorded | 1,191 | 4,619 |
Average Recorded Investment, Total | 1,901 | 8,320 |
Interest Income Recognized, With no related allowance recorded | ' | 155 |
Interest Income Recognized, With a related allowance recorded | ' | ' |
Interest Income Recognized, Total | ' | 155 |
Consumer loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Recorded Investment, With no related allowance recorded | ' | ' |
Recorded Investment, With a related allowance recorded | ' | ' |
Recorded Investment, Total | ' | ' |
Unpaid Principal Balance, With no related allowance recorded | ' | ' |
Unpaid Principal Balance, With a related allowance recorded | ' | ' |
Unpaid Principal Balance, Total | ' | ' |
Related Allowance, Total | ' | ' |
Average Recorded Investment, With no related allowance recorded | 1,267 | ' |
Average Recorded Investment, With a related allowance recorded | 1,281 | ' |
Average Recorded Investment, Total | 2,548 | ' |
Interest Income Recognized, With no related allowance recorded | ' | ' |
Interest Income Recognized, With a related allowance recorded | ' | ' |
Interest Income Recognized, Total | ' | ' |
Commercial loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Recorded Investment, With no related allowance recorded | ' | 38,412 |
Recorded Investment, With a related allowance recorded | ' | 42,052 |
Recorded Investment, Total | ' | 80,464 |
Unpaid Principal Balance, With no related allowance recorded | ' | 65,309 |
Unpaid Principal Balance, With a related allowance recorded | ' | 44,303 |
Unpaid Principal Balance, Total | ' | 109,612 |
Related Allowance, Total | ' | 7,165 |
Average Recorded Investment, With no related allowance recorded | ' | 29,801 |
Average Recorded Investment, With a related allowance recorded | ' | 42,783 |
Average Recorded Investment, Total | ' | 72,584 |
Interest Income Recognized, With no related allowance recorded | ' | 464 |
Interest Income Recognized, With a related allowance recorded | ' | 703 |
Interest Income Recognized, Total | ' | 1,167 |
Originated loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Recorded Investment, With no related allowance recorded | 17,254 | 37,426 |
Recorded Investment, With a related allowance recorded | 28,871 | 35,850 |
Recorded Investment, Total | 46,125 | 73,276 |
Unpaid Principal Balance, With no related allowance recorded | 20,934 | 59,975 |
Unpaid Principal Balance, With a related allowance recorded | 29,477 | 37,917 |
Unpaid Principal Balance, Total | 50,411 | 97,892 |
Related Allowance, Total | 1,482 | 6,377 |
Average Recorded Investment, With no related allowance recorded | 22,784 | 27,048 |
Average Recorded Investment, With a related allowance recorded | 35,333 | 45,851 |
Average Recorded Investment, Total | 58,117 | 72,899 |
Interest Income Recognized, With no related allowance recorded | 409 | 619 |
Interest Income Recognized, With a related allowance recorded | 620 | 703 |
Interest Income Recognized, Total | 1,029 | 1,322 |
Originated loans [Member] | Commercial Non-Real Estate [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Recorded Investment, With no related allowance recorded | 848 | ' |
Recorded Investment, With a related allowance recorded | 8,063 | ' |
Recorded Investment, Total | 8,911 | ' |
Unpaid Principal Balance, With no related allowance recorded | 1,073 | ' |
Unpaid Principal Balance, With a related allowance recorded | 8,365 | ' |
Unpaid Principal Balance, Total | 9,438 | ' |
Related Allowance, Total | 325 | ' |
Average Recorded Investment, With no related allowance recorded | 212 | ' |
Average Recorded Investment, With a related allowance recorded | 9,929 | ' |
Average Recorded Investment, Total | 10,141 | ' |
Interest Income Recognized, With no related allowance recorded | 12 | ' |
Interest Income Recognized, With a related allowance recorded | 167 | ' |
Interest Income Recognized, Total | 179 | ' |
Originated loans [Member] | Construction and Land Development [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Recorded Investment, With no related allowance recorded | 9,798 | ' |
Recorded Investment, With a related allowance recorded | 6,246 | ' |
Recorded Investment, Total | 16,044 | ' |
Unpaid Principal Balance, With no related allowance recorded | 11,431 | ' |
Unpaid Principal Balance, With a related allowance recorded | 6,246 | ' |
Unpaid Principal Balance, Total | 17,677 | ' |
Related Allowance, Total | 211 | ' |
Average Recorded Investment, With no related allowance recorded | 2,450 | ' |
Average Recorded Investment, With a related allowance recorded | 1,562 | ' |
Average Recorded Investment, Total | 4,012 | ' |
Interest Income Recognized, With no related allowance recorded | 53 | ' |
Interest Income Recognized, With a related allowance recorded | 40 | ' |
Interest Income Recognized, Total | 93 | ' |
Originated loans [Member] | Commercial Real Estate [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Recorded Investment, With no related allowance recorded | 6,608 | ' |
Recorded Investment, With a related allowance recorded | 14,562 | ' |
Recorded Investment, Total | 21,170 | ' |
Unpaid Principal Balance, With no related allowance recorded | 8,430 | ' |
Unpaid Principal Balance, With a related allowance recorded | 14,866 | ' |
Unpaid Principal Balance, Total | 23,296 | ' |
Related Allowance, Total | 946 | ' |
Average Recorded Investment, With no related allowance recorded | 18,527 | ' |
Average Recorded Investment, With a related allowance recorded | 22,427 | ' |
Average Recorded Investment, Total | 40,954 | ' |
Interest Income Recognized, With no related allowance recorded | 344 | ' |
Interest Income Recognized, With a related allowance recorded | 413 | ' |
Interest Income Recognized, Total | 757 | ' |
Originated loans [Member] | Residential Mortgage Loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Recorded Investment, With no related allowance recorded | ' | 2,721 |
Recorded Investment, With a related allowance recorded | ' | ' |
Recorded Investment, Total | ' | 2,721 |
Unpaid Principal Balance, With no related allowance recorded | ' | 4,874 |
Unpaid Principal Balance, With a related allowance recorded | ' | ' |
Unpaid Principal Balance, Total | ' | 4,874 |
Related Allowance, Total | ' | ' |
Average Recorded Investment, With no related allowance recorded | 328 | 3,255 |
Average Recorded Investment, With a related allowance recorded | 134 | 4,619 |
Average Recorded Investment, Total | 462 | 7,874 |
Interest Income Recognized, With no related allowance recorded | ' | 155 |
Interest Income Recognized, With a related allowance recorded | ' | ' |
Interest Income Recognized, Total | ' | 155 |
Originated loans [Member] | Consumer loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Recorded Investment, With no related allowance recorded | ' | ' |
Recorded Investment, With a related allowance recorded | ' | ' |
Recorded Investment, Total | ' | ' |
Unpaid Principal Balance, With no related allowance recorded | ' | ' |
Unpaid Principal Balance, With a related allowance recorded | ' | ' |
Unpaid Principal Balance, Total | ' | ' |
Related Allowance, Total | ' | ' |
Average Recorded Investment, With no related allowance recorded | 1,267 | ' |
Average Recorded Investment, With a related allowance recorded | 1,281 | ' |
Average Recorded Investment, Total | 2,548 | ' |
Interest Income Recognized, With no related allowance recorded | ' | ' |
Interest Income Recognized, With a related allowance recorded | ' | ' |
Interest Income Recognized, Total | ' | ' |
Originated loans [Member] | Commercial loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Recorded Investment, With no related allowance recorded | ' | 34,705 |
Recorded Investment, With a related allowance recorded | ' | 35,850 |
Recorded Investment, Total | ' | 70,555 |
Unpaid Principal Balance, With no related allowance recorded | ' | 55,101 |
Unpaid Principal Balance, With a related allowance recorded | ' | 37,917 |
Unpaid Principal Balance, Total | ' | 93,018 |
Related Allowance, Total | ' | 6,377 |
Average Recorded Investment, With no related allowance recorded | ' | 23,793 |
Average Recorded Investment, With a related allowance recorded | ' | 41,232 |
Average Recorded Investment, Total | ' | 65,025 |
Interest Income Recognized, With no related allowance recorded | ' | 464 |
Interest Income Recognized, With a related allowance recorded | ' | 703 |
Interest Income Recognized, Total | ' | 1,167 |
Acquired loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Recorded Investment, With no related allowance recorded | 3,887 | ' |
Recorded Investment, With a related allowance recorded | 1,895 | 6,202 |
Recorded Investment, Total | 5,782 | 6,202 |
Unpaid Principal Balance, With no related allowance recorded | 3,935 | ' |
Unpaid Principal Balance, With a related allowance recorded | 1,931 | 6,386 |
Unpaid Principal Balance, Total | 5,866 | 6,386 |
Related Allowance, Total | 463 | 788 |
Average Recorded Investment, With no related allowance recorded | 2,189 | ' |
Average Recorded Investment, With a related allowance recorded | 8,016 | 1,551 |
Average Recorded Investment, Total | 10,205 | 1,551 |
Interest Income Recognized, With no related allowance recorded | 47 | ' |
Interest Income Recognized, With a related allowance recorded | 63 | ' |
Interest Income Recognized, Total | 110 | ' |
Acquired loans [Member] | Commercial Non-Real Estate [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Recorded Investment, With no related allowance recorded | 2,179 | ' |
Recorded Investment, With a related allowance recorded | ' | ' |
Recorded Investment, Total | 2,179 | ' |
Unpaid Principal Balance, With no related allowance recorded | 2,186 | ' |
Unpaid Principal Balance, With a related allowance recorded | ' | ' |
Unpaid Principal Balance, Total | 2,186 | ' |
Related Allowance, Total | ' | ' |
Average Recorded Investment, With no related allowance recorded | 545 | ' |
Average Recorded Investment, With a related allowance recorded | 3,434 | ' |
Average Recorded Investment, Total | 3,979 | ' |
Interest Income Recognized, With no related allowance recorded | ' | ' |
Interest Income Recognized, With a related allowance recorded | 63 | ' |
Interest Income Recognized, Total | 63 | ' |
Acquired loans [Member] | Construction and Land Development [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Recorded Investment, With no related allowance recorded | 730 | ' |
Recorded Investment, With a related allowance recorded | ' | ' |
Recorded Investment, Total | 730 | ' |
Unpaid Principal Balance, With no related allowance recorded | 754 | ' |
Unpaid Principal Balance, With a related allowance recorded | ' | ' |
Unpaid Principal Balance, Total | 754 | ' |
Related Allowance, Total | ' | ' |
Average Recorded Investment, With no related allowance recorded | 183 | ' |
Average Recorded Investment, With a related allowance recorded | 197 | ' |
Average Recorded Investment, Total | 380 | ' |
Interest Income Recognized, With no related allowance recorded | ' | ' |
Interest Income Recognized, With a related allowance recorded | ' | ' |
Interest Income Recognized, Total | ' | ' |
Acquired loans [Member] | Commercial Real Estate [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Recorded Investment, With no related allowance recorded | 476 | ' |
Recorded Investment, With a related allowance recorded | 1,895 | ' |
Recorded Investment, Total | 2,371 | ' |
Unpaid Principal Balance, With no related allowance recorded | 486 | ' |
Unpaid Principal Balance, With a related allowance recorded | 1,931 | ' |
Unpaid Principal Balance, Total | 2,417 | ' |
Related Allowance, Total | 463 | ' |
Average Recorded Investment, With no related allowance recorded | 1,079 | ' |
Average Recorded Investment, With a related allowance recorded | 3,328 | ' |
Average Recorded Investment, Total | 4,407 | ' |
Interest Income Recognized, With no related allowance recorded | 47 | ' |
Interest Income Recognized, With a related allowance recorded | ' | ' |
Interest Income Recognized, Total | 47 | ' |
Acquired loans [Member] | Residential Mortgage Loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Recorded Investment, With no related allowance recorded | 502 | ' |
Recorded Investment, With a related allowance recorded | ' | ' |
Recorded Investment, Total | 502 | ' |
Unpaid Principal Balance, With no related allowance recorded | 509 | ' |
Unpaid Principal Balance, With a related allowance recorded | ' | ' |
Unpaid Principal Balance, Total | 509 | ' |
Related Allowance, Total | ' | ' |
Average Recorded Investment, With no related allowance recorded | 382 | ' |
Average Recorded Investment, With a related allowance recorded | 1,057 | ' |
Average Recorded Investment, Total | 1,439 | ' |
Interest Income Recognized, With no related allowance recorded | ' | ' |
Interest Income Recognized, With a related allowance recorded | ' | ' |
Interest Income Recognized, Total | ' | ' |
Acquired loans [Member] | Consumer loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Recorded Investment, With no related allowance recorded | ' | ' |
Recorded Investment, With a related allowance recorded | ' | ' |
Recorded Investment, Total | ' | ' |
Unpaid Principal Balance, With no related allowance recorded | ' | ' |
Unpaid Principal Balance, With a related allowance recorded | ' | ' |
Unpaid Principal Balance, Total | ' | ' |
Related Allowance, Total | ' | ' |
Interest Income Recognized, With no related allowance recorded | ' | ' |
Interest Income Recognized, With a related allowance recorded | ' | ' |
Interest Income Recognized, Total | ' | ' |
Acquired loans [Member] | Commercial loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Recorded Investment, With no related allowance recorded | ' | ' |
Recorded Investment, With a related allowance recorded | ' | 6,202 |
Recorded Investment, Total | ' | 6,202 |
Unpaid Principal Balance, With no related allowance recorded | ' | ' |
Unpaid Principal Balance, With a related allowance recorded | ' | 6,386 |
Unpaid Principal Balance, Total | ' | 6,386 |
Related Allowance, Total | ' | 788 |
Average Recorded Investment, With a related allowance recorded | ' | 1,551 |
Average Recorded Investment, Total | ' | 1,551 |
Interest Income Recognized, With no related allowance recorded | ' | ' |
Interest Income Recognized, With a related allowance recorded | ' | ' |
Interest Income Recognized, Total | ' | ' |
Covered loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Recorded Investment, With no related allowance recorded | ' | 4,100 |
Recorded Investment, With a related allowance recorded | ' | ' |
Recorded Investment, Total | ' | 4,100 |
Unpaid Principal Balance, With no related allowance recorded | ' | 10,995 |
Unpaid Principal Balance, Total | ' | 10,995 |
Average Recorded Investment, With no related allowance recorded | ' | 6,454 |
Average Recorded Investment, Total | ' | 6,454 |
Interest Income Recognized, With no related allowance recorded | ' | ' |
Interest Income Recognized, With a related allowance recorded | ' | ' |
Interest Income Recognized, Total | ' | ' |
Covered loans [Member] | Commercial Non-Real Estate [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Recorded Investment, With no related allowance recorded | ' | ' |
Recorded Investment, With a related allowance recorded | ' | ' |
Recorded Investment, Total | ' | ' |
Unpaid Principal Balance, With no related allowance recorded | ' | ' |
Unpaid Principal Balance, With a related allowance recorded | ' | ' |
Unpaid Principal Balance, Total | ' | ' |
Related Allowance, Total | ' | ' |
Interest Income Recognized, With no related allowance recorded | ' | ' |
Interest Income Recognized, With a related allowance recorded | ' | ' |
Interest Income Recognized, Total | ' | ' |
Covered loans [Member] | Construction and Land Development [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Recorded Investment, With no related allowance recorded | ' | ' |
Recorded Investment, With a related allowance recorded | ' | ' |
Recorded Investment, Total | ' | ' |
Unpaid Principal Balance, With no related allowance recorded | ' | ' |
Unpaid Principal Balance, With a related allowance recorded | ' | ' |
Unpaid Principal Balance, Total | ' | ' |
Related Allowance, Total | ' | ' |
Average Recorded Investment, With no related allowance recorded | ' | ' |
Average Recorded Investment, Total | ' | ' |
Interest Income Recognized, With no related allowance recorded | ' | ' |
Interest Income Recognized, With a related allowance recorded | ' | ' |
Interest Income Recognized, Total | ' | ' |
Covered loans [Member] | Commercial Real Estate [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Recorded Investment, With no related allowance recorded | ' | 393 |
Recorded Investment, With a related allowance recorded | ' | ' |
Recorded Investment, Total | ' | ' |
Unpaid Principal Balance, With no related allowance recorded | ' | 787 |
Unpaid Principal Balance, With a related allowance recorded | ' | ' |
Unpaid Principal Balance, Total | ' | ' |
Related Allowance, Total | ' | ' |
Average Recorded Investment, With no related allowance recorded | ' | 446 |
Average Recorded Investment, Total | ' | ' |
Interest Income Recognized, With no related allowance recorded | ' | ' |
Interest Income Recognized, With a related allowance recorded | ' | ' |
Interest Income Recognized, Total | ' | ' |
Covered loans [Member] | Residential Mortgage Loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Recorded Investment, With no related allowance recorded | ' | ' |
Recorded Investment, With a related allowance recorded | ' | ' |
Recorded Investment, Total | ' | 393 |
Unpaid Principal Balance, With no related allowance recorded | ' | ' |
Unpaid Principal Balance, With a related allowance recorded | ' | ' |
Unpaid Principal Balance, Total | ' | 787 |
Related Allowance, Total | ' | ' |
Average Recorded Investment, With no related allowance recorded | ' | ' |
Average Recorded Investment, Total | ' | 446 |
Interest Income Recognized, With no related allowance recorded | ' | ' |
Interest Income Recognized, With a related allowance recorded | ' | ' |
Interest Income Recognized, Total | ' | ' |
Covered loans [Member] | Consumer loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Recorded Investment, With no related allowance recorded | ' | ' |
Recorded Investment, With a related allowance recorded | ' | ' |
Recorded Investment, Total | ' | ' |
Unpaid Principal Balance, With no related allowance recorded | ' | ' |
Unpaid Principal Balance, With a related allowance recorded | ' | ' |
Unpaid Principal Balance, Total | ' | ' |
Related Allowance, Total | ' | ' |
Interest Income Recognized, With no related allowance recorded | ' | ' |
Interest Income Recognized, With a related allowance recorded | ' | ' |
Interest Income Recognized, Total | ' | ' |
Covered loans [Member] | Commercial loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Recorded Investment, With no related allowance recorded | ' | 3,707 |
Recorded Investment, With a related allowance recorded | ' | ' |
Recorded Investment, Total | ' | 3,707 |
Unpaid Principal Balance, With no related allowance recorded | ' | 10,208 |
Unpaid Principal Balance, With a related allowance recorded | ' | ' |
Unpaid Principal Balance, Total | ' | 10,208 |
Related Allowance, Total | ' | ' |
Average Recorded Investment, With no related allowance recorded | ' | 6,008 |
Average Recorded Investment, Total | ' | 6,008 |
Interest Income Recognized, With no related allowance recorded | ' | ' |
Interest Income Recognized, With a related allowance recorded | ' | ' |
Interest Income Recognized, Total | ' | ' |
Recovered_Sheet1
Loans and Allowance for Loan Losses - Summary of Age Analysis of Past Due Loans (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total covered loans | $392,002 | $515,823 |
Total loans | 11,734,472 | 11,577,802 |
30-59 days past due | 33,010 | 85,960 |
60-89 days past due | 15,103 | 28,347 |
Greater than 90 days past due | 71,192 | 85,726 |
Total past due | 119,305 | 200,033 |
Current | 11,615,167 | 11,377,769 |
Recorded investment > 90 days and accruing | 15,620 | 13,243 |
Commercial Non-Real Estate [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total covered loans | 24,340 | 29,260 |
Total loans | 4,625,315 | 4,433,288 |
30-59 days past due | 8,955 | ' |
60-89 days past due | 3,305 | ' |
Greater than 90 days past due | 11,011 | ' |
Total past due | 23,271 | ' |
Current | 4,602,044 | ' |
Recorded investment > 90 days and accruing | 1,968 | ' |
Construction and Land Development [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total covered loans | 23,197 | 28,482 |
Total loans | 920,408 | 989,306 |
30-59 days past due | 3,564 | ' |
60-89 days past due | 3,028 | ' |
Greater than 90 days past due | 21,297 | ' |
Total past due | 27,889 | ' |
Current | 892,519 | ' |
Recorded investment > 90 days and accruing | 8,239 | ' |
Commercial Real Estate [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total covered loans | 60,280 | 95,146 |
Total loans | 2,914,969 | 2,923,094 |
30-59 days past due | 14,301 | ' |
60-89 days past due | 2,918 | ' |
Greater than 90 days past due | 22,821 | ' |
Total past due | 40,040 | ' |
Current | 2,874,929 | ' |
Recorded investment > 90 days and accruing | 3,615 | ' |
Residential Mortgage Loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total covered loans | 223,494 | 263,515 |
Total loans | 1,695,197 | 1,577,944 |
30-59 days past due | 818 | 21,141 |
60-89 days past due | 3,454 | 4,593 |
Greater than 90 days past due | 11,022 | 13,489 |
Total past due | 15,294 | 39,223 |
Current | 1,679,903 | 1,538,721 |
Recorded investment > 90 days and accruing | ' | 1,106 |
Consumer loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total covered loans | 60,691 | 99,420 |
Total loans | 1,578,583 | 1,654,170 |
30-59 days past due | 5,372 | 11,630 |
60-89 days past due | 2,398 | 2,580 |
Greater than 90 days past due | 5,041 | 6,401 |
Total past due | 12,811 | 20,611 |
Current | 1,565,772 | 1,633,559 |
Recorded investment > 90 days and accruing | 1,798 | 2,521 |
Commercial loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total loans | ' | 8,345,688 |
30-59 days past due | ' | 53,189 |
60-89 days past due | ' | 21,174 |
Greater than 90 days past due | ' | 65,836 |
Total past due | ' | 140,199 |
Current | ' | 8,205,489 |
Recorded investment > 90 days and accruing | ' | 9,616 |
Originated loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total-excluding covered | 8,700,767 | 7,107,221 |
30-59 days past due | 26,403 | 46,246 |
60-89 days past due | 11,959 | 21,961 |
Greater than 90 days past due | 51,781 | 54,686 |
Total past due | 90,143 | 122,893 |
Current | 8,610,624 | 6,984,328 |
Recorded investment > 90 days and accruing | 12,512 | 7,736 |
Originated loans [Member] | Commercial Non-Real Estate [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total-excluding covered-Commercial non-real estate | 3,633,490 | 2,713,385 |
30-59 days past due | 7,369 | ' |
60-89 days past due | 2,891 | ' |
Greater than 90 days past due | 9,615 | ' |
Total past due | 19,875 | ' |
Current | 3,613,615 | ' |
Recorded investment > 90 days and accruing | 1,268 | ' |
Originated loans [Member] | Construction and Land Development [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total-excluding covered-Construction and land development | 738,983 | 665,673 |
30-59 days past due | 2,083 | ' |
60-89 days past due | 2,131 | ' |
Greater than 90 days past due | 18,079 | ' |
Total past due | 22,293 | ' |
Current | 716,690 | ' |
Recorded investment > 90 days and accruing | 8,183 | ' |
Originated loans [Member] | Commercial Real Estate [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total-excluding covered-Commercial real estate | 1,816,402 | 1,548,402 |
30-59 days past due | 11,753 | ' |
60-89 days past due | 2,215 | ' |
Greater than 90 days past due | 16,383 | ' |
Total past due | 30,351 | ' |
Current | 1,786,051 | ' |
Recorded investment > 90 days and accruing | 1,309 | ' |
Originated loans [Member] | Residential Mortgage Loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total-excluding covered-Residential mortgages | 1,124,649 | 827,985 |
30-59 days past due | 224 | 11,500 |
60-89 days past due | 2,484 | 3,303 |
Greater than 90 days past due | 4,018 | 4,100 |
Total past due | 6,726 | 18,903 |
Current | 1,117,923 | 809,082 |
Recorded investment > 90 days and accruing | ' | ' |
Originated loans [Member] | Consumer loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total-excluding covered-Consumer | 1,387,243 | 1,351,776 |
30-59 days past due | 4,974 | 10,348 |
60-89 days past due | 2,238 | 2,150 |
Greater than 90 days past due | 3,686 | 4,231 |
Total past due | 10,898 | 16,729 |
Current | 1,376,345 | 1,335,047 |
Recorded investment > 90 days and accruing | 1,752 | 2,474 |
Originated loans [Member] | Commercial loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total-excluding covered-Commercial non-real estate | ' | 4,927,460 |
30-59 days past due | ' | 24,398 |
60-89 days past due | ' | 16,508 |
Greater than 90 days past due | ' | 46,355 |
Total past due | ' | 87,261 |
Current | ' | 4,840,199 |
Recorded investment > 90 days and accruing | ' | 5,262 |
Acquired loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total-excluding covered | 2,641,703 | 3,954,758 |
30-59 days past due | 6,602 | 39,714 |
60-89 days past due | 3,142 | 6,386 |
Greater than 90 days past due | 15,123 | 26,940 |
Total past due | 24,867 | 73,040 |
Current | 2,616,836 | 3,881,718 |
Recorded investment > 90 days and accruing | 3,108 | 5,507 |
Acquired loans [Member] | Commercial Non-Real Estate [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total-excluding covered-Commercial non-real estate | 967,485 | 1,690,643 |
30-59 days past due | 1,586 | ' |
60-89 days past due | 414 | ' |
Greater than 90 days past due | 1,396 | ' |
Total past due | 3,396 | ' |
Current | 964,089 | ' |
Recorded investment > 90 days and accruing | 700 | ' |
Acquired loans [Member] | Construction and Land Development [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total-excluding covered-Construction and land development | 158,228 | 295,151 |
30-59 days past due | 1,481 | ' |
60-89 days past due | 897 | ' |
Greater than 90 days past due | 594 | ' |
Total past due | 2,972 | ' |
Current | 155,256 | ' |
Recorded investment > 90 days and accruing | 56 | ' |
Acquired loans [Member] | Commercial Real Estate [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total-excluding covered-Commercial real estate | 1,038,287 | 1,279,546 |
30-59 days past due | 2,548 | ' |
60-89 days past due | 703 | ' |
Greater than 90 days past due | 5,763 | ' |
Total past due | 9,014 | ' |
Current | 1,029,273 | ' |
Recorded investment > 90 days and accruing | 2,306 | ' |
Acquired loans [Member] | Residential Mortgage Loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total-excluding covered-Residential mortgages | 347,054 | 486,444 |
30-59 days past due | 594 | 9,641 |
60-89 days past due | 970 | 1,290 |
Greater than 90 days past due | 6,337 | 8,996 |
Total past due | 7,901 | 19,927 |
Current | 339,153 | 466,517 |
Recorded investment > 90 days and accruing | ' | 1,106 |
Acquired loans [Member] | Consumer loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total-excluding covered-Consumer | 130,649 | 202,974 |
30-59 days past due | 393 | 1,282 |
60-89 days past due | 158 | 430 |
Greater than 90 days past due | 1,033 | 2,170 |
Total past due | 1,584 | 3,882 |
Current | 129,065 | 199,092 |
Recorded investment > 90 days and accruing | 46 | 47 |
Acquired loans [Member] | Commercial loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total-excluding covered-Commercial non-real estate | ' | 3,265,340 |
30-59 days past due | ' | 28,791 |
60-89 days past due | ' | 4,666 |
Greater than 90 days past due | ' | 15,774 |
Total past due | ' | 49,231 |
Current | ' | 3,216,109 |
Recorded investment > 90 days and accruing | ' | 4,354 |
Covered loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total covered loans | 392,002 | 515,823 |
30-59 days past due | 5 | ' |
60-89 days past due | 2 | ' |
Greater than 90 days past due | 4,288 | 4,100 |
Total past due | 4,295 | 4,100 |
Current | 387,707 | 511,723 |
Recorded investment > 90 days and accruing | ' | ' |
Covered loans [Member] | Commercial Non-Real Estate [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total covered loans | 24,340 | ' |
30-59 days past due | ' | ' |
60-89 days past due | ' | ' |
Greater than 90 days past due | ' | ' |
Total past due | ' | ' |
Current | 24,340 | ' |
Recorded investment > 90 days and accruing | ' | ' |
Covered loans [Member] | Construction and Land Development [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total covered loans | 23,197 | ' |
30-59 days past due | ' | ' |
60-89 days past due | ' | ' |
Greater than 90 days past due | 2,624 | ' |
Total past due | 2,624 | ' |
Current | 20,573 | ' |
Recorded investment > 90 days and accruing | ' | ' |
Covered loans [Member] | Commercial Real Estate [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total covered loans | 60,280 | ' |
30-59 days past due | ' | ' |
60-89 days past due | ' | ' |
Greater than 90 days past due | 675 | ' |
Total past due | 675 | ' |
Current | 59,605 | ' |
Recorded investment > 90 days and accruing | ' | ' |
Covered loans [Member] | Residential Mortgage Loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total covered loans | 223,494 | 263,515 |
30-59 days past due | ' | ' |
60-89 days past due | ' | ' |
Greater than 90 days past due | 667 | 393 |
Total past due | 667 | 393 |
Current | 222,827 | 263,122 |
Recorded investment > 90 days and accruing | ' | ' |
Covered loans [Member] | Consumer loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total covered loans | 60,691 | 99,420 |
30-59 days past due | 5 | ' |
60-89 days past due | 2 | ' |
Greater than 90 days past due | 322 | ' |
Total past due | 329 | ' |
Current | 60,362 | 99,420 |
Recorded investment > 90 days and accruing | ' | ' |
Covered loans [Member] | Commercial loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total covered loans | ' | 152,888 |
60-89 days past due | ' | ' |
Greater than 90 days past due | ' | 3,707 |
Total past due | ' | 3,707 |
Current | ' | 149,181 |
Recorded investment > 90 days and accruing | ' | ' |
Recovered_Sheet2
Loans and Allowance for Loan Losses - Schedule of Credit Quality Indicators of Various Classes of Loans - Credit Risk Profile by Internally Assigned Grade (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total | $1,578,583 | $1,654,170 |
Performing [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total | 1,571,594 | 1,645,199 |
Nonperforming [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total | 6,989 | 8,971 |
Commercial Non-Real Estate [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Credit risk profile by internally assigned grade | 4,625,315 | 4,433,288 |
Commercial Non-Real Estate [Member] | Originated loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Credit risk profile by internally assigned grade | 3,633,490 | 2,713,385 |
Commercial Non-Real Estate [Member] | Acquired loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Credit risk profile by internally assigned grade | 967,485 | 1,690,643 |
Commercial Non-Real Estate [Member] | Covered loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Credit risk profile by internally assigned grade | 24,340 | 29,260 |
Commercial Non-Real Estate [Member] | Pass [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Credit risk profile by internally assigned grade | 4,351,662 | 4,214,260 |
Commercial Non-Real Estate [Member] | Pass [Member] | Originated loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Credit risk profile by internally assigned grade | 3,459,635 | 2,610,970 |
Commercial Non-Real Estate [Member] | Pass [Member] | Acquired loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Credit risk profile by internally assigned grade | 877,964 | 1,588,435 |
Commercial Non-Real Estate [Member] | Pass [Member] | Covered loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Credit risk profile by internally assigned grade | 14,063 | 14,855 |
Commercial Non-Real Estate [Member] | Pass-Watch [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Credit risk profile by internally assigned grade | 148,516 | 84,828 |
Commercial Non-Real Estate [Member] | Pass-Watch [Member] | Originated loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Credit risk profile by internally assigned grade | 106,657 | 32,393 |
Commercial Non-Real Estate [Member] | Pass-Watch [Member] | Acquired loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Credit risk profile by internally assigned grade | 41,741 | 52,361 |
Commercial Non-Real Estate [Member] | Pass-Watch [Member] | Covered loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Credit risk profile by internally assigned grade | 118 | 74 |
Commercial Non-Real Estate [Member] | Special Mention [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Credit risk profile by internally assigned grade | 59,908 | 33,043 |
Commercial Non-Real Estate [Member] | Special Mention [Member] | Originated loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Credit risk profile by internally assigned grade | 31,600 | 23,550 |
Commercial Non-Real Estate [Member] | Special Mention [Member] | Acquired loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Credit risk profile by internally assigned grade | 28,308 | 6,267 |
Commercial Non-Real Estate [Member] | Special Mention [Member] | Covered loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Credit risk profile by internally assigned grade | ' | 3,226 |
Commercial Non-Real Estate [Member] | Substandard [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Credit risk profile by internally assigned grade | 61,965 | 98,124 |
Commercial Non-Real Estate [Member] | Substandard [Member] | Originated loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Credit risk profile by internally assigned grade | 35,598 | 46,472 |
Commercial Non-Real Estate [Member] | Substandard [Member] | Acquired loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Credit risk profile by internally assigned grade | 18,547 | 43,219 |
Commercial Non-Real Estate [Member] | Substandard [Member] | Covered loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Credit risk profile by internally assigned grade | 7,820 | 8,433 |
Commercial Non-Real Estate [Member] | Doubtful [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Credit risk profile by internally assigned grade | 3,264 | 3,033 |
Commercial Non-Real Estate [Member] | Doubtful [Member] | Originated loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Credit risk profile by internally assigned grade | ' | ' |
Commercial Non-Real Estate [Member] | Doubtful [Member] | Acquired loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Credit risk profile by internally assigned grade | 925 | 361 |
Commercial Non-Real Estate [Member] | Doubtful [Member] | Covered loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Credit risk profile by internally assigned grade | 2,339 | 2,672 |
Commercial Non-Real Estate [Member] | Loss [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Credit risk profile by internally assigned grade | ' | ' |
Commercial Non-Real Estate [Member] | Loss [Member] | Originated loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Credit risk profile by internally assigned grade | ' | ' |
Commercial Non-Real Estate [Member] | Loss [Member] | Acquired loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Credit risk profile by internally assigned grade | ' | ' |
Commercial Non-Real Estate [Member] | Loss [Member] | Covered loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Credit risk profile by internally assigned grade | ' | ' |
Construction and Land Development [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Credit risk profile by internally assigned grade | 920,408 | 989,306 |
Construction and Land Development [Member] | Originated loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Credit risk profile by internally assigned grade | 738,983 | 665,673 |
Construction and Land Development [Member] | Acquired loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Credit risk profile by internally assigned grade | 158,228 | 295,151 |
Construction and Land Development [Member] | Covered loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Credit risk profile by internally assigned grade | 23,197 | 28,482 |
Construction and Land Development [Member] | Pass [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Credit risk profile by internally assigned grade | 812,686 | 807,111 |
Construction and Land Development [Member] | Pass [Member] | Originated loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Credit risk profile by internally assigned grade | 681,999 | 557,511 |
Construction and Land Development [Member] | Pass [Member] | Acquired loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Credit risk profile by internally assigned grade | 130,457 | 249,269 |
Construction and Land Development [Member] | Pass [Member] | Covered loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Credit risk profile by internally assigned grade | 230 | 331 |
Construction and Land Development [Member] | Pass-Watch [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Credit risk profile by internally assigned grade | 26,010 | 17,726 |
Construction and Land Development [Member] | Pass-Watch [Member] | Originated loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Credit risk profile by internally assigned grade | 16,728 | 13,705 |
Construction and Land Development [Member] | Pass-Watch [Member] | Acquired loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Credit risk profile by internally assigned grade | 8,684 | 2,993 |
Construction and Land Development [Member] | Pass-Watch [Member] | Covered loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Credit risk profile by internally assigned grade | 598 | 1,028 |
Construction and Land Development [Member] | Special Mention [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Credit risk profile by internally assigned grade | 2,587 | 43,190 |
Construction and Land Development [Member] | Special Mention [Member] | Originated loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Credit risk profile by internally assigned grade | 944 | 30,522 |
Construction and Land Development [Member] | Special Mention [Member] | Acquired loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Credit risk profile by internally assigned grade | 1,446 | 12,248 |
Construction and Land Development [Member] | Special Mention [Member] | Covered loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Credit risk profile by internally assigned grade | 197 | 420 |
Construction and Land Development [Member] | Substandard [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Credit risk profile by internally assigned grade | 67,190 | 101,873 |
Construction and Land Development [Member] | Substandard [Member] | Originated loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Credit risk profile by internally assigned grade | 39,312 | 63,925 |
Construction and Land Development [Member] | Substandard [Member] | Acquired loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Credit risk profile by internally assigned grade | 17,637 | 30,637 |
Construction and Land Development [Member] | Substandard [Member] | Covered loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Credit risk profile by internally assigned grade | 10,241 | 7,311 |
Construction and Land Development [Member] | Doubtful [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Credit risk profile by internally assigned grade | 11,935 | 19,406 |
Construction and Land Development [Member] | Doubtful [Member] | Originated loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Credit risk profile by internally assigned grade | ' | 10 |
Construction and Land Development [Member] | Doubtful [Member] | Acquired loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Credit risk profile by internally assigned grade | 4 | 4 |
Construction and Land Development [Member] | Doubtful [Member] | Covered loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Credit risk profile by internally assigned grade | 11,931 | 19,392 |
Construction and Land Development [Member] | Loss [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Credit risk profile by internally assigned grade | ' | ' |
Construction and Land Development [Member] | Loss [Member] | Originated loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Credit risk profile by internally assigned grade | ' | ' |
Construction and Land Development [Member] | Loss [Member] | Acquired loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Credit risk profile by internally assigned grade | ' | ' |
Construction and Land Development [Member] | Loss [Member] | Covered loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Credit risk profile by internally assigned grade | ' | ' |
Commercial Real Estate [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Credit risk profile by internally assigned grade | 2,914,969 | 2,923,094 |
Commercial Real Estate [Member] | Originated loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Credit risk profile by internally assigned grade | 1,816,402 | 1,548,402 |
Commercial Real Estate [Member] | Acquired loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Credit risk profile by internally assigned grade | 1,038,287 | 1,279,546 |
Commercial Real Estate [Member] | Covered loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Credit risk profile by internally assigned grade | 60,280 | 95,146 |
Commercial Real Estate [Member] | Pass [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Credit risk profile by internally assigned grade | 2,605,727 | 2,543,763 |
Commercial Real Estate [Member] | Pass [Member] | Originated loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Credit risk profile by internally assigned grade | 1,656,114 | 1,353,453 |
Commercial Real Estate [Member] | Pass [Member] | Acquired loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Credit risk profile by internally assigned grade | 943,760 | 1,173,617 |
Commercial Real Estate [Member] | Pass [Member] | Covered loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Credit risk profile by internally assigned grade | 5,853 | 16,693 |
Commercial Real Estate [Member] | Pass-Watch [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Credit risk profile by internally assigned grade | 78,757 | 67,573 |
Commercial Real Estate [Member] | Pass-Watch [Member] | Originated loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Credit risk profile by internally assigned grade | 32,762 | 36,507 |
Commercial Real Estate [Member] | Pass-Watch [Member] | Acquired loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Credit risk profile by internally assigned grade | 41,172 | 16,051 |
Commercial Real Estate [Member] | Pass-Watch [Member] | Covered loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Credit risk profile by internally assigned grade | 4,823 | 15,015 |
Commercial Real Estate [Member] | Special Mention [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Credit risk profile by internally assigned grade | 14,609 | 54,815 |
Commercial Real Estate [Member] | Special Mention [Member] | Originated loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Credit risk profile by internally assigned grade | 3,618 | 29,912 |
Commercial Real Estate [Member] | Special Mention [Member] | Acquired loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Credit risk profile by internally assigned grade | 7,864 | 21,116 |
Commercial Real Estate [Member] | Special Mention [Member] | Covered loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Credit risk profile by internally assigned grade | 3,127 | 3,787 |
Commercial Real Estate [Member] | Substandard [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Credit risk profile by internally assigned grade | 202,370 | 228,148 |
Commercial Real Estate [Member] | Substandard [Member] | Originated loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Credit risk profile by internally assigned grade | 123,890 | 128,088 |
Commercial Real Estate [Member] | Substandard [Member] | Acquired loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Credit risk profile by internally assigned grade | 45,491 | 68,762 |
Commercial Real Estate [Member] | Substandard [Member] | Covered loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Credit risk profile by internally assigned grade | 32,989 | 31,298 |
Commercial Real Estate [Member] | Doubtful [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Credit risk profile by internally assigned grade | 13,506 | 28,795 |
Commercial Real Estate [Member] | Doubtful [Member] | Originated loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Credit risk profile by internally assigned grade | 18 | 442 |
Commercial Real Estate [Member] | Doubtful [Member] | Acquired loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Credit risk profile by internally assigned grade | ' | ' |
Commercial Real Estate [Member] | Doubtful [Member] | Covered loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Credit risk profile by internally assigned grade | 13,488 | 28,353 |
Commercial Real Estate [Member] | Loss [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Credit risk profile by internally assigned grade | ' | ' |
Commercial Real Estate [Member] | Loss [Member] | Originated loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Credit risk profile by internally assigned grade | ' | ' |
Commercial Real Estate [Member] | Loss [Member] | Acquired loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Credit risk profile by internally assigned grade | ' | ' |
Commercial Real Estate [Member] | Loss [Member] | Covered loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Credit risk profile by internally assigned grade | ' | ' |
Residential Mortgage Loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total | 1,695,197 | 1,577,944 |
Residential Mortgage Loans [Member] | Originated loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total | 1,124,649 | 827,985 |
Residential Mortgage Loans [Member] | Covered loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total | 223,494 | 263,515 |
Residential Mortgage Loans [Member] | Acquired [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total | 347,054 | 486,444 |
Residential Mortgage Loans [Member] | Performing [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total | 1,671,443 | 1,559,689 |
Residential Mortgage Loans [Member] | Performing [Member] | Originated loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total | 1,110,952 | 820,281 |
Residential Mortgage Loans [Member] | Performing [Member] | Covered loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total | 223,101 | 263,515 |
Residential Mortgage Loans [Member] | Performing [Member] | Acquired [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total | 337,390 | 475,893 |
Residential Mortgage Loans [Member] | Nonperforming [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total | 23,754 | 18,255 |
Residential Mortgage Loans [Member] | Nonperforming [Member] | Originated loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total | 13,697 | 7,704 |
Residential Mortgage Loans [Member] | Nonperforming [Member] | Covered loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total | 393 | ' |
Residential Mortgage Loans [Member] | Nonperforming [Member] | Acquired [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total | $9,664 | $10,551 |
Recovered_Sheet3
Loans and Allowance for Loan Losses - Schedule of Credit Quality Indicators of Various Classes of Loans - Credit Risk Profile Based on Payment Activity (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total | $1,578,583 | $1,654,170 |
Performing [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total | 1,571,594 | 1,645,199 |
Nonperforming [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total | 6,989 | 8,971 |
Originated loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total | 1,387,243 | 1,351,776 |
Originated loans [Member] | Performing [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total | 1,382,144 | 1,345,487 |
Originated loans [Member] | Nonperforming [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total | 5,099 | 6,289 |
Acquired [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total | 130,649 | 202,974 |
Acquired [Member] | Performing [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total | 128,759 | 200,292 |
Acquired [Member] | Nonperforming [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total | 1,890 | 2,682 |
Covered loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total | 60,691 | 99,420 |
Covered loans [Member] | Performing [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total | $60,691 | $99,420 |
Recovered_Sheet4
Loans and Allowance for Loan Losses - Changes in Carrying Amount of Covered Acquired Loans and Accretable Yield for Loans Receivable (Detail) (USD $) | 9 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 |
Covered loans [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Balance at beginning of period | $515,823 | $671,443 |
Additions | ' | ' |
Payments received, net | -150,405 | -200,719 |
Accretion | 26,584 | 45,099 |
Balance at end of period | 392,002 | 515,823 |
Accretable Yield, Balance at beginning of period | 115,594 | 153,137 |
Accretable Yield, Additions | ' | ' |
Accretable Yield, Payments received, net | -861 | ' |
Accretable Yield, Accretion | -26,584 | -45,099 |
Accretable Yield, Increase (decrease) in expected cash flows based on actual cash flow, loan sales and foreclosures assumptions | -12,944 | -19,326 |
Accretable Yield, Net transfer from (to) nonaccretable difference to accretable yield | 22,611 | 26,882 |
Accretable Yield, Balance at end of period | 97,816 | 115,594 |
Non-Covered [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Balance at beginning of period | 141,201 | 339,452 |
Additions | ' | ' |
Payments received, net | -106,444 | -250,338 |
Accretion | 30,213 | 52,087 |
Balance at end of period | 64,970 | 141,201 |
Accretable Yield, Balance at beginning of period | 203,186 | 130,691 |
Accretable Yield, Additions | ' | ' |
Accretable Yield, Payments received, net | -37,961 | ' |
Accretable Yield, Accretion | -30,213 | -52,087 |
Accretable Yield, Increase (decrease) in expected cash flows based on actual cash flow, loan sales and foreclosures assumptions | 6,465 | 23,688 |
Accretable Yield, Net transfer from (to) nonaccretable difference to accretable yield | 5,636 | 100,894 |
Accretable Yield, Balance at end of period | $147,113 | $203,186 |
Fair_Value_Schedule_of_Financi
Fair Value - Schedule of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Available for sale debt securities | $1,458,120 | $2,048,442 |
Derivative assets | 16,062 | 20,093 |
Total recurring fair value measurements - assets | 1,474,182 | 2,068,535 |
Derivative liabilities | 15,929 | 21,100 |
Total recurring fair value measurements - liabilities | 15,929 | 21,100 |
U.S. Treasury and government agency securities [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Available for sale debt securities | 620 | 18,265 |
Municipal obligations [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Available for sale debt securities | 43,648 | 50,165 |
Corporate debt securities [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Available for sale debt securities | 3,500 | 2,250 |
Mortgage-backed securities [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Available for sale debt securities | 1,359,970 | 1,774,406 |
Collateralized mortgage obligations [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Available for sale debt securities | 45,032 | 198,077 |
Equity securities [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Available for sale debt securities | 5,350 | 5,279 |
Level 1 [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Available for sale debt securities | 9,470 | 25,794 |
Total recurring fair value measurements - assets | 9,470 | 25,794 |
Level 1 [Member] | U.S. Treasury and government agency securities [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Available for sale debt securities | 620 | 18,265 |
Level 1 [Member] | Corporate debt securities [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Available for sale debt securities | 3,500 | 2,250 |
Level 1 [Member] | Equity securities [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Available for sale debt securities | 5,350 | 5,279 |
Level 2 [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Available for sale debt securities | 1,448,650 | 2,022,648 |
Derivative assets | 16,062 | 20,093 |
Total recurring fair value measurements - assets | 1,464,712 | 2,042,741 |
Derivative liabilities | 15,929 | 21,100 |
Total recurring fair value measurements - liabilities | 15,929 | 21,100 |
Level 2 [Member] | Municipal obligations [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Available for sale debt securities | 43,648 | 50,165 |
Level 2 [Member] | Mortgage-backed securities [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Available for sale debt securities | 1,359,970 | 1,774,406 |
Level 2 [Member] | Collateralized mortgage obligations [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Available for sale debt securities | $45,032 | $198,077 |
Fair_Value_Additional_Informat
Fair Value - Additional Information (Detail) | 9 Months Ended |
Sep. 30, 2013 | |
Minimum [Member] | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' |
Period of Investment | '2 years |
Maximum [Member] | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' |
Period of Investment | '5 years |
Fair_Value_Schedule_of_Financi1
Fair Value - Schedule of Financial Assets Measured at Fair Value on Nonrecurring Basis (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Collateral-dependent impaired loans | $27,981 | $72,694 |
Other real estate owned | 21,148 | 43,803 |
Total nonrecurring fair value measurements | 49,129 | 116,497 |
Level 2 [Member] | ' | ' |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Collateral-dependent impaired loans | 27,981 | 72,694 |
Total nonrecurring fair value measurements | 27,981 | 72,694 |
Level 3 [Member] | ' | ' |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Other real estate owned | 21,148 | 43,803 |
Total nonrecurring fair value measurements | $21,148 | $43,803 |
Fair_Value_Schedule_of_Estimat
Fair Value - Schedule of Estimated Fair Values of Financial Instruments (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available for sale securities | $1,458,120 | $2,048,442 |
Held to maturity securities | 2,653,867 | 1,710,465 |
Loans, net | 11,596,249 | 11,441,631 |
Loans held for sale | 18,444 | 50,605 |
Derivative financial instruments | 16,062 | 20,093 |
Deposits | 15,054,871 | 15,744,188 |
Long-term debt | 376,664 | 396,589 |
Derivative financial instruments | 15,929 | 21,100 |
Level 1 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Cash, interest-bearing bank deposits, and federal funds sold | 888,005 | 1,948,679 |
Available for sale securities | 9,470 | 25,794 |
Held to maturity securities | 100,688 | ' |
Accrued interest receivable | 42,039 | 45,616 |
Federal funds purchased | 22,193 | 25,704 |
Securities sold under agreements to repurchase | 760,586 | 613,429 |
Accrued interest payable | 5,694 | 4,814 |
Level 2 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available for sale securities | 1,448,650 | 2,022,648 |
Held to maturity securities | 2,553,179 | 1,710,465 |
Loans, net | 27,981 | 72,694 |
Loans held for sale | 18,444 | 50,605 |
Derivative financial instruments | 16,062 | 20,093 |
Long-term debt | 384,239 | 410,791 |
Derivative financial instruments | 15,929 | 21,100 |
Level 3 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Loans, net | 11,528,860 | 11,494,409 |
Deposits | 15,017,314 | 15,757,044 |
Total Fair Value [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Cash, interest-bearing bank deposits, and federal funds sold | 888,005 | 1,948,679 |
Available for sale securities | 1,458,120 | 2,048,442 |
Held to maturity securities | 2,653,867 | 1,710,465 |
Loans, net | 11,556,841 | 11,567,103 |
Loans held for sale | 18,444 | 50,605 |
Accrued interest receivable | 42,039 | 45,616 |
Derivative financial instruments | 16,062 | 20,093 |
Deposits | 15,017,314 | 15,757,044 |
Federal funds purchased | 22,193 | 25,704 |
Securities sold under agreements to repurchase | 760,586 | 613,429 |
Long-term debt | 384,239 | 410,791 |
Accrued interest payable | 5,694 | 4,814 |
Derivative financial instruments | 15,929 | 21,100 |
Carrying Amount [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Cash, interest-bearing bank deposits, and federal funds sold | 888,005 | 1,948,679 |
Available for sale securities | 1,458,120 | 2,048,442 |
Held to maturity securities | 2,666,082 | 1,668,018 |
Loans, net | 11,596,250 | 11,441,631 |
Loans held for sale | 18,444 | 50,605 |
Accrued interest receivable | 42,039 | 45,616 |
Derivative financial instruments | 16,062 | 20,093 |
Deposits | 15,054,871 | 15,744,188 |
Federal funds purchased | 22,193 | 25,704 |
Securities sold under agreements to repurchase | 760,586 | 613,429 |
Long-term debt | 376,664 | 396,589 |
Accrued interest payable | 5,694 | 4,814 |
Derivative financial instruments | $15,929 | $21,100 |
Derivatives_Notional_and_Fair_
Derivatives - Notional and Fair Values of Derivative Instruments on Balance Sheet (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Derivatives, Fair Value [Line Items] | ' | ' |
Notional Amounts | $752,936 | $720,868 |
Derivatives not designated as hedging instruments, Fair Value, Gross Assets | 15,253 | 19,448 |
Derivatives not designated as hedging instruments, Fair Value, Gross Liability | 15,082 | 20,455 |
Derivatives designated as hedging instruments [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Notional Amounts | ' | 140,000 |
Derivatives not designated as hedging instruments, Fair Value, Gross Liability | ' | 298 |
Derivatives designated as hedging instruments [Member] | Interest rate swap [Member] | Loss on Effective Cash Flow Hedges [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Notional Amounts | ' | 140,000 |
Derivatives designated as hedging instruments [Member] | Other liabilities [Member] | Interest rate swap [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Derivatives not designated as hedging instruments, Fair Value, Gross Liability | ' | 298 |
Derivatives not designated as hedging instruments [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Derivatives not designated as hedging instruments, Fair Value, Gross Assets | 16,062 | 20,093 |
Derivatives not designated as hedging instruments, Fair Value, Gross Liability | 15,929 | 20,802 |
Derivatives not designated as hedging instruments [Member] | Interest rate swap [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Notional Amounts | 661,421 | 547,477 |
Derivatives not designated as hedging instruments [Member] | Risk Participation Agreements [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Notional Amounts | 20,287 | ' |
Derivatives not designated as hedging instruments [Member] | Forward Commitments To Sell Residential Mortgage Loans [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Notional Amounts | 24,473 | 115,256 |
Derivatives not designated as hedging instruments [Member] | Interest Rate Lock Commitments On Residential Mortgage Loan [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Notional Amounts | 12,814 | 58,135 |
Derivatives not designated as hedging instruments [Member] | Other liabilities [Member] | Interest rate swap [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Derivatives not designated as hedging instruments, Fair Value, Gross Liability | 15,079 | 20,157 |
Derivatives not designated as hedging instruments [Member] | Other liabilities [Member] | Risk Participation Agreements [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Derivatives not designated as hedging instruments, Fair Value, Gross Liability | 3 | ' |
Derivatives not designated as hedging instruments [Member] | Other liabilities [Member] | Forward Commitments To Sell Residential Mortgage Loans [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Derivatives not designated as hedging instruments, Fair Value, Gross Liability | 355 | 590 |
Derivatives not designated as hedging instruments [Member] | Other liabilities [Member] | Interest Rate Lock Commitments On Residential Mortgage Loan [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Derivatives not designated as hedging instruments, Fair Value, Gross Liability | 11 | 55 |
Derivatives not designated as hedging instruments [Member] | Other liabilities [Member] | Foreign exchange forward contracts [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Notional Amounts | 33,941 | ' |
Derivatives not designated as hedging instruments, Fair Value, Gross Assets | 507 | ' |
Derivatives not designated as hedging instruments, Fair Value, Gross Liability | 481 | ' |
Derivatives not designated as hedging instruments [Member] | Other assets [Member] | Interest rate swap [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Derivatives not designated as hedging instruments, Fair Value, Gross Assets | 15,249 | 19,448 |
Derivatives not designated as hedging instruments [Member] | Other assets [Member] | Risk Participation Agreements [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Derivatives not designated as hedging instruments, Fair Value, Gross Assets | 4 | ' |
Derivatives not designated as hedging instruments [Member] | Other assets [Member] | Forward Commitments To Sell Residential Mortgage Loans [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Derivatives not designated as hedging instruments, Fair Value, Gross Assets | 51 | 190 |
Derivatives not designated as hedging instruments [Member] | Other assets [Member] | Interest Rate Lock Commitments On Residential Mortgage Loan [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Derivatives not designated as hedging instruments, Fair Value, Gross Assets | $251 | $455 |
Derivatives_Additional_Informa
Derivatives - Additional Information (Detail) (USD $) | 9 Months Ended | 12 Months Ended |
Sep. 30, 2013 | Dec. 31, 2012 | |
Derivative [Line Items] | ' | ' |
Notional amount of interest rate derivatives | $752,936,000 | $720,868,000 |
Variable rate term loan agreement maturity | 'June 2013. | ' |
Derivative, net hedge ineffectiveness gain (loss) | 0 | 0 |
Termination value of derivatives in a net liability position | 10,100,000 | ' |
Collateral obligations for derivative counterparties | 11,100,000 | ' |
Interest rate swap [Member] | ' | ' |
Derivative [Line Items] | ' | ' |
Notional amount of interest rate derivatives | $140,000,000 | ' |
Derivatives_Offsetting_Derivat
Derivatives - Offsetting Derivative Assets and Liabilities (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Derivative Instruments And Hedging Activities Disclosure [Abstract] | ' | ' |
Gross Amounts of Recognized Assets | $15,253 | $19,448 |
Gross Amounts Offset in the Statement of Financial Position | ' | ' |
Net Amounts of Assets Presented in the Statement of Financial Position | 15,253 | 19,448 |
Gross Amounts Not Offset in the Statement of Financial Position, Financial Instruments, Assets | 1,949 | ' |
Gross Amounts Not Offset in the Statement of Financial Position, Cash Collateral Received, Assets | ' | ' |
Net Amount, Assets | 13,304 | 19,448 |
Gross Amounts of Recognized Liabilities | 15,082 | 20,455 |
Gross Amounts Offset in the Statement of Financial Position | ' | ' |
Net Amounts of Liabilities Presented in the Statement of Financial Position | 15,082 | 20,455 |
Gross Amounts Not Offset in the Statement of Financial Position, Financial Instruments, Liability | 1,949 | ' |
Gross Amounts Not Offset in the Statement of Financial Position, Cash Collateral Pledged, Liability | 9,113 | 16,839 |
Net Amount, Liability | $4,020 | $3,616 |
Stockholders_Equity_Additional
Stockholders' Equity - Additional Information (Detail) (USD $) | 1 Months Ended | |
In Millions, unless otherwise specified | Apr. 30, 2013 | 8-May-13 |
Accelerated share repurchase program [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' |
Shares authorized for repurchase | 5.00% | ' |
Accelerated share repurchase transaction, paid | ' | $115 |
Received from accelerated share repurchase stock settlement | ' | 2.8 |
Percentage of repurchased accelerated share repurchase program | ' | 76.00% |
Stockholders_Equity_Components
Stockholders' Equity - Components of Accumulated Other Comprehensive Income (Loss) (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' | ' |
Accumulated other comprehensive income (loss), Beginning balance | ' | ' | ($22,925) | ($26,510) |
Other comprehensive income before income taxes: | ' | ' | ' | ' |
Net change in unrealized gain (loss) | -9,685 | 10,821 | -96,074 | 24,410 |
Reclassification of net (gains) losses realized and included in earnings | ' | ' | 5,835 | 4,371 |
Amortization/accretion of unrealized net gain/loss on securities transferred to HTM | -1,456 | -2,725 | -7,099 | -5,645 |
Income tax expense (benefit) | ' | ' | -35,492 | 8,413 |
Accumulated other comprehensive income (loss), Ending balance | -84,771 | -11,787 | -84,771 | -11,787 |
Available for Sale Securities [Member] | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' | ' |
Accumulated other comprehensive income (loss), Beginning balance | ' | ' | 38,854 | 60,478 |
Other comprehensive income before income taxes: | ' | ' | ' | ' |
Net change in unrealized gain (loss) | ' | ' | -96,070 | 24,780 |
Transfer of net unrealized gain from AFS to HTM, net of cumulative tax effect | ' | ' | 36,208 | -24,598 |
Reclassification of net (gains) losses realized and included in earnings | ' | ' | ' | -929 |
Income tax expense (benefit) | ' | ' | -35,115 | 8,693 |
Accumulated other comprehensive income (loss), Ending balance | 14,107 | 51,038 | 14,107 | 51,038 |
HTM Securities Transferred from AFS [Member] | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' | ' |
Accumulated other comprehensive income (loss), Beginning balance | ' | ' | 19,090 | ' |
Other comprehensive income before income taxes: | ' | ' | ' | ' |
Transfer of net unrealized gain from AFS to HTM, net of cumulative tax effect | ' | ' | -36,208 | 24,598 |
Amortization/accretion of unrealized net gain/loss on securities transferred to HTM | ' | ' | -7,099 | -5,645 |
Income tax expense (benefit) | ' | ' | -2,563 | -2,122 |
Accumulated other comprehensive income (loss), Ending balance | -21,654 | 21,075 | -21,654 | 21,075 |
Employee Benefit Plans [Member] | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' | ' |
Accumulated other comprehensive income (loss), Beginning balance | ' | ' | -80,688 | -86,923 |
Other comprehensive income before income taxes: | ' | ' | ' | ' |
Reclassification of net (gains) losses realized and included in earnings | ' | ' | 5,534 | 5,260 |
Income tax expense (benefit) | ' | ' | 2,070 | 1,971 |
Accumulated other comprehensive income (loss), Ending balance | -77,224 | -83,634 | -77,224 | -83,634 |
Loss on Effective Cash Flow Hedges [Member] | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' | ' |
Accumulated other comprehensive income (loss), Beginning balance | ' | ' | -181 | -65 |
Other comprehensive income before income taxes: | ' | ' | ' | ' |
Net change in unrealized gain (loss) | ' | ' | -4 | -370 |
Reclassification of net (gains) losses realized and included in earnings | ' | ' | 301 | 40 |
Income tax expense (benefit) | ' | ' | 116 | -129 |
Accumulated other comprehensive income (loss), Ending balance | ' | ($266) | ' | ($266) |
Stockholders_Equity_Summary_of
Stockholders' Equity - Summary of Items in Consolidated Income Statements Affected by Amounts Reclassified From Accumulated Other Comprehensive Income (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Other Comprehensive Income Loss Amount Reclassified From Accumulated Other Comprehensive Income [Abstract] | ' | ' | ' | ' |
Reclassification adjustment for net gains and losses realized and included in earnings | $1,553 | $842 | $5,835 | $4,371 |
Tax effect | ' | ' | ' | 325 |
Net of tax | ' | ' | ' | 604 |
Amortization/accretion of unrealized net gain/loss on securities transferred to HTM | 1,456 | 2,725 | 7,099 | 5,645 |
Tax effect | ' | ' | 2,563 | 2,122 |
Net of tax | ' | ' | 4,536 | 3,523 |
Amortization of defined benefit pension and post-retirement items | ' | ' | -5,534 | -5,260 |
Tax effect | ' | ' | -2,070 | -1,971 |
Net of tax | ' | ' | -3,464 | -3,289 |
Gains and losses on cash flow hedges | ' | ' | -301 | -40 |
Tax effect | ' | ' | -105 | -14 |
Net of tax | ' | ' | -196 | -26 |
Total reclassifications, net of tax | ' | ' | $876 | $812 |
Earnings_Per_Share_Computation
Earnings Per Share - Computation of Earnings Per Common Share (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Numerator: | ' | ' | ' | ' |
Net income to common shareholders | $33,202 | $46,984 | $128,640 | $104,783 |
Net income allocated to participating securities - basic and diluted | 616 | 281 | 2,398 | 844 |
Net income allocated to common shareholders - basic and diluted | $32,586 | $46,703 | $126,242 | $103,939 |
Denominator: | ' | ' | ' | ' |
Weighted-average common shares - basic | 82,091 | 84,777 | 83,404 | 84,757 |
Dilutive potential common shares | 114 | 855 | 92 | 768 |
Weighted average common shares - diluted | 82,205 | 85,632 | 83,496 | 85,525 |
Earnings per common share: | ' | ' | ' | ' |
Basic | $0.40 | $0.55 | $1.51 | $1.23 |
Diluted | $0.40 | $0.55 | $1.51 | $1.22 |
Earnings_Per_Share_Additional_
Earnings Per Share - Additional Information (Detail) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | |
Earnings Per Share [Abstract] | ' | ' | ' | ' |
Weighted-average anti-dilutive potential common shares | 721,863 | 1,149,491 | 1,076,894 | 908,409 |
ShareBased_Payment_Arrangement2
Share-Based Payment Arrangements - Schedule of Option Activity Under Stock Option Plans (Detail) (USD $) | 9 Months Ended |
In Thousands, except Share data, unless otherwise specified | Sep. 30, 2013 |
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | ' |
Number of Shares, Outstanding at Beginning Balance | 1,555,296 |
Number of Shares, Exercised | -21,145 |
Number of Shares, Forfeited or expired | -96,226 |
Number of Shares, Outstanding at Ending Balance | 1,437,925 |
Number of Shares, Exercisable at Ending Balance | 990,202 |
Weighted- Average Exercise Price, Outstanding at Beginning Balance | $38.57 |
Weighted- Average Exercise Price, Exercised | $27.51 |
Weighted- Average Exercise Price, Forfeited or expired | $45.15 |
Weighted- Average Exercise Price, Outstanding at Ending Balance | $38.30 |
Weighted- Average Exercise Price, Exercisable at Ending Balance | $41.15 |
Weighted-Average Remaining Contractual Term, Outstanding at Ending Balance (in years) | '4 years 8 months 12 days |
Weighted-Average Remaining Contractual Term, Exercisable at Ending Balance (in years) | '3 years 4 months 24 days |
Aggregate Intrinsic Value, Outstanding at Ending Balance | $797 |
Aggregate Intrinsic Value, Exercisable at Ending Balance | $389 |
ShareBased_Payment_Arrangement3
Share-Based Payment Arrangements - Additional Information (Detail) (USD $) | 9 Months Ended | |
In Millions, except Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Bank | ||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Intrinsic value of options exercised | $0.10 | $0.50 |
Unrecognized compensation cost | 29.4 | ' |
Weighted-average period in years | '3 years 1 month 6 days | ' |
Total fair value of shares vested | $1.20 | $0.90 |
Shareholder return period | '3 years | ' |
Number of peer group of regional banks | 50 | ' |
Performance Share Award [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Shares granted to key members of executives and senior management | 67,533 | ' |
Fair Value of shares granted | $32.84 | ' |
Percentage of maximum number of shares earned of target award | 200.00% | ' |
ShareBased_Payment_Arrangement4
Share-Based Payment Arrangements - Schedule of Nonvested Restricted and Performance Shares (Detail) (Restricted Stock and Performance Shares [Member], USD $) | 9 Months Ended |
Sep. 30, 2013 | |
Restricted Stock and Performance Shares [Member] | ' |
Nonvested Share Activity [Line Items] | ' |
Number of Shares, Nonvested at Beginning Balance | 1,684,360 |
Number of Shares, Granted | 95,586 |
Number of Shares, Vested | -38,909 |
Number of Shares, Forfeited | -70,884 |
Number of Shares, Nonvested at Ending Balance | 1,670,153 |
Weighted-Average Grant-Date Fair Value, Nonvested at Beginning Balance | $31.56 |
Weighted-Average Grant-Date Fair Value, Granted | $32.03 |
Weighted-Average Grant-Date Fair Value, Vested | $34.52 |
Weighted-Average Grant-Date Fair Value, Forfeited | $31.25 |
Weighted-Average Grant-Date Fair Value, Nonvested at Ending Balance | $31.52 |
Retirement_Plans_Components_of
Retirement Plans - Components of Net Periodic Benefits Cost (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Pension Plans, Postretirement and Other Employee Benefits [Line Items] | ' | ' | ' | ' |
Service cost | $52 | $48 | ' | ' |
Interest cost | 327 | 361 | ' | ' |
Amortization of prior service cost | ' | -13 | ' | ' |
Amortization of net loss | 459 | 176 | ' | ' |
Amortization of transition obligation | ' | 1 | ' | ' |
Net periodic benefit cost | 838 | 573 | ' | ' |
Pension Benefits [Member] | ' | ' | ' | ' |
Pension Plans, Postretirement and Other Employee Benefits [Line Items] | ' | ' | ' | ' |
Service cost | 3,969 | 3,249 | 11,905 | 9,743 |
Interest cost | 4,151 | 4,301 | 12,457 | 12,904 |
Expected return on plan assets | -6,982 | -6,350 | -20,946 | -19,049 |
Amortization of net loss | 1,605 | 1,645 | 4,813 | 4,936 |
Net periodic benefit cost | 2,743 | 2,845 | 8,229 | 8,534 |
Other Post-retirement Benefits [Member] | ' | ' | ' | ' |
Pension Plans, Postretirement and Other Employee Benefits [Line Items] | ' | ' | ' | ' |
Service cost | ' | ' | 162 | 144 |
Interest cost | ' | ' | 987 | 1,083 |
Amortization of prior service cost | ' | ' | ' | -41 |
Amortization of net loss | ' | ' | 1,320 | 530 |
Amortization of transition obligation | ' | ' | ' | 4 |
Net periodic benefit cost | ' | ' | $2,469 | $1,720 |
Retirement_Plans_Additional_In
Retirement Plans - Additional Information (Detail) (USD $) | 9 Months Ended |
In Millions, unless otherwise specified | Sep. 30, 2013 |
Defined Benefit Plan Disclosure [Line Items] | ' |
Percentage of compensation saved by participant for which employer contributes hundred percent | 100.00% |
Employer matching contribution for first one percent of compensation saved | 1.00% |
Percentage of compensation saved by participant for which employer contributes fifty percent | 50.00% |
Employer matching contribution for next five percent of compensation saved | 5.00% |
Pension Benefits [Member] | ' |
Defined Benefit Plan Disclosure [Line Items] | ' |
Anticipated contributions for current fiscal year | 10 |
Hancock Plans [Member] | ' |
Defined Benefit Plan Disclosure [Line Items] | ' |
Percentage of savings for calculating each employee participation in plan | 50.00% |
Maximum percentage of compensation on base percentage for participating in plan | 6.00% |
Whitney Plans [Member] | ' |
Defined Benefit Plan Disclosure [Line Items] | ' |
Percentage of savings for calculating each employee participation in plan | 100.00% |
Maximum percentage of compensation on base percentage for participating in plan | 4.00% |
Other_Noninterest_Income_Compo
Other Noninterest Income - Components of Other Income (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Income Statement [Abstract] | ' | ' | ' | ' |
Income from bank owned life insurance | $2,574 | $2,870 | $8,764 | $8,617 |
Credit related fees | 2,995 | 1,545 | 5,969 | 5,130 |
Income from derivatives | 1,257 | 455 | 3,296 | 2,091 |
Safety deposit box income | 467 | 502 | 1,480 | 1,524 |
Gain/(loss) on sale of assets | 801 | 2,705 | 1,277 | 2,909 |
Other miscellaneous | 1,432 | 1,693 | 5,863 | 10,830 |
Total other noninterest income | $9,526 | $9,770 | $26,649 | $31,101 |
Other_Noninterest_Expense_Comp
Other Noninterest Expense - Components of Other Noninterest Expense (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Income Statement [Abstract] | ' | ' | ' | ' |
Insurance expense | $887 | $1,207 | $3,018 | $4,428 |
Ad valorem and franchise taxes | 2,809 | 2,185 | 7,193 | 6,608 |
Printing and supplies | 1,143 | 1,488 | 3,963 | 6,162 |
Public relations and contributions | 969 | 1,065 | 3,960 | 4,827 |
Travel expense | 1,074 | 1,282 | 3,475 | 4,464 |
Other real estate owned expense, net | 2,439 | 4,590 | 6,502 | 11,630 |
Tax credit investment amortization | 4,880 | 1,513 | 7,553 | 4,538 |
Other miscellaneous | 19,851 | 4,488 | 32,504 | 19,311 |
Total other noninterest expense | $34,052 | $17,818 | $68,168 | $61,968 |
Segment_Reporting_Schedule_of_
Segment Reporting - Schedule of Segment Reporting Information (Detail) (USD $) | 3 Months Ended | 9 Months Ended | |||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Interest income | $181,639 | $189,205 | $546,560 | $571,410 | ' |
Interest expense | -10,109 | -11,949 | -31,836 | -40,407 | ' |
Net interest income | 171,530 | 177,256 | 514,724 | 531,003 | ' |
Provision for loan losses | -7,569 | -8,101 | -25,404 | -26,141 | ' |
Noninterest income | 63,057 | 62,842 | 187,141 | 187,888 | ' |
Depreciation and amortization | -8,157 | -8,067 | -24,178 | -25,229 | ' |
Other noninterest expense | -174,048 | -161,647 | -479,879 | -529,920 | ' |
Securities transactions | ' | 917 | ' | 929 | ' |
Income before income taxes | 44,813 | 63,200 | 172,404 | 138,530 | ' |
Income tax expense | 11,611 | 16,216 | 43,764 | 33,747 | ' |
Net income | 33,202 | 46,984 | 128,640 | 104,783 | ' |
Goodwill | 625,675 | 628,877 | 625,675 | 628,877 | 628,877 |
Total assets | 18,801,846 | 18,524,130 | 18,801,846 | 18,524,130 | 19,464,485 |
Total interest income from external customers | 181,639 | 189,205 | 546,560 | 571,410 | ' |
Operating Segments [Member] | Hancock [Member] | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Interest income | 66,509 | 73,558 | 198,115 | 201,525 | ' |
Interest expense | -4,318 | -5,402 | -13,753 | -17,587 | ' |
Net interest income | 62,191 | 68,156 | 184,362 | 183,938 | ' |
Provision for loan losses | -7,479 | -4,814 | -15,986 | -7,313 | ' |
Noninterest income | 18,527 | 20,205 | 56,804 | 59,644 | ' |
Depreciation and amortization | -3,983 | -3,830 | -11,572 | -10,884 | ' |
Other noninterest expense | -65,756 | -59,821 | -173,037 | -174,796 | ' |
Securities transactions | ' | 94 | ' | 98 | ' |
Income before income taxes | 3,500 | 19,990 | 40,571 | 50,687 | ' |
Income tax expense | 338 | 5,433 | 7,521 | 11,808 | ' |
Net income | 3,162 | 14,556 | 33,050 | 38,879 | ' |
Goodwill | 94,130 | 94,130 | 94,130 | 94,130 | ' |
Total assets | 6,513,536 | 6,390,378 | 6,513,536 | 6,390,378 | ' |
Total interest income from affiliates | 807 | 1,010 | 2,741 | 3,033 | ' |
Total interest income from external customers | 65,702 | 72,548 | 195,374 | 198,492 | ' |
Operating Segments [Member] | Whitney [Member] | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Interest income | 109,909 | 110,917 | 333,322 | 355,776 | ' |
Interest expense | -4,583 | -5,669 | -14,162 | -19,915 | ' |
Net interest income | 105,326 | 105,248 | 319,160 | 335,861 | ' |
Provision for loan losses | 899 | -2,353 | -6,016 | -18,696 | ' |
Noninterest income | 34,366 | 31,938 | 97,278 | 98,122 | ' |
Depreciation and amortization | -3,868 | -3,981 | -11,698 | -13,596 | ' |
Other noninterest expense | -96,334 | -90,087 | -269,735 | -320,985 | ' |
Securities transactions | ' | 823 | ' | 824 | ' |
Income before income taxes | 40,389 | 41,588 | 128,989 | 81,530 | ' |
Income tax expense | 10,619 | 10,130 | 34,133 | 18,938 | ' |
Net income | 29,770 | 31,458 | 94,856 | 62,592 | ' |
Goodwill | 527,063 | 530,265 | 527,063 | 530,265 | ' |
Total assets | 12,620,550 | 12,343,043 | 12,620,550 | 12,343,043 | ' |
Total interest income from affiliates | 308 | 328 | 748 | 697 | ' |
Total interest income from external customers | 109,601 | 110,589 | 332,574 | 355,079 | ' |
Operating Segments [Member] | Other [Member] | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Interest income | 6,336 | 6,068 | 18,612 | 17,839 | ' |
Interest expense | -2,208 | -2,100 | -7,065 | -6,290 | ' |
Net interest income | 4,128 | 3,968 | 11,547 | 11,549 | ' |
Provision for loan losses | -989 | -934 | -3,402 | -132 | ' |
Noninterest income | 10,174 | 10,722 | 33,093 | 30,149 | ' |
Depreciation and amortization | -306 | -256 | -908 | -749 | ' |
Other noninterest expense | -11,968 | -11,761 | -37,141 | -34,166 | ' |
Securities transactions | ' | ' | ' | 7 | ' |
Income before income taxes | 1,039 | 1,739 | 3,189 | 6,658 | ' |
Income tax expense | 654 | 653 | 2,110 | 3,001 | ' |
Net income | 385 | 1,086 | 1,079 | 3,657 | ' |
Goodwill | 4,482 | 4,482 | 4,482 | 4,482 | ' |
Total assets | 2,747,834 | 2,737,061 | 2,747,834 | 2,737,061 | ' |
Total interest income from external customers | 6,336 | 6,068 | 18,612 | 17,839 | ' |
Eliminations [Member] | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Interest income | -1,115 | -1,338 | -3,489 | -3,730 | ' |
Interest expense | 1,000 | 1,222 | 3,144 | 3,385 | ' |
Net interest income | -115 | -116 | -345 | -345 | ' |
Noninterest income | -10 | -23 | -34 | -27 | ' |
Other noninterest expense | 10 | 22 | 34 | 27 | ' |
Income before income taxes | -115 | -117 | -345 | -345 | ' |
Net income | -115 | -117 | -345 | -345 | ' |
Total assets | -3,080,074 | -2,946,352 | -3,080,074 | -2,946,352 | ' |
Total interest income from affiliates | ($1,115) | ($1,338) | ($3,489) | ($3,730) | ' |