Document_and_Entity_Informatio
Document and Entity Information | 3 Months Ended | |
Mar. 31, 2015 | 1-May-15 | |
Document And Entity Information [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | FALSE | |
Document Period End Date | 31-Mar-15 | |
Document Fiscal Year Focus | 2015 | |
Document Fiscal Period Focus | Q1 | |
Trading Symbol | HBHC | |
Entity Registrant Name | HANCOCK HOLDING CO | |
Entity Central Index Key | 750577 | |
Current Fiscal Year End Date | -19 | |
Entity Filer Category | Large Accelerated Filer | |
Entity Common Stock, Shares Outstanding | 77,891,909 |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
ASSETS | ||
Cash and due from banks | $333,736 | $356,455 |
Interest-bearing bank deposits | 515,025 | 801,576 |
Federal funds sold | 772 | 1,372 |
Securities available for sale, at fair value (amortized cost of $1,792,947 and $1,631,761) | 1,825,608 | 1,660,165 |
Securities held to maturity (fair value of $2,316,118 and $2,186,340) | 2,282,296 | 2,166,289 |
Loans held for sale | 19,950 | 20,252 |
Loans | 13,924,386 | 13,895,276 |
Less: allowance for loan losses | -128,386 | -128,762 |
Loans, net | 13,796,000 | 13,766,514 |
Property and equipment, net of accumulated depreciation of $200,424 and $193,527 | 399,762 | 398,384 |
Prepaid expenses | 28,221 | 28,277 |
Other real estate, net | 41,701 | 58,415 |
Accrued interest receivable | 48,473 | 47,501 |
Goodwill | 621,193 | 621,193 |
Other intangible assets, net | 125,404 | 132,810 |
Life insurance contracts | 429,412 | 426,617 |
FDIC loss share receivable | 49,897 | 60,272 |
Deferred tax asset, net | 69,495 | 74,335 |
Other assets | 137,566 | 126,839 |
Total assets | 20,724,511 | 20,747,266 |
Deposits: | ||
Noninterest-bearing | 6,201,403 | 5,945,208 |
Interest-bearing | 10,659,082 | 10,627,623 |
Total deposits | 16,860,485 | 16,572,831 |
Short-term borrowings | 755,250 | 1,151,573 |
Long-term debt | 516,007 | 374,371 |
Accrued interest payable | 6,609 | 4,204 |
Other liabilities | 161,062 | 171,885 |
Total liabilities | 18,299,413 | 18,274,864 |
Stockholders' equity | ||
Common stock - $3.33 par value per share; 350,000,000 shares authorized, 77,886,120 and 80,426,485 shares outstanding | 259,361 | 267,820 |
Capital surplus | 1,701,377 | 1,689,291 |
Treasury shares at cost - 8,917,814 and 7,053,028, respectively | -234,002 | -158,131 |
Retained earnings | 744,131 | 723,496 |
Accumulated other comprehensive (loss), net | -45,769 | -50,074 |
Total stockholders' equity | 2,425,098 | 2,472,402 |
Total liabilities and stockholders' equity | $20,724,511 | $20,747,266 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parenthetical) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, except Share data, unless otherwise specified | ||
Statement of Financial Position [Abstract] | ||
Securities available for sale, amortized cost | $1,792,947 | $1,631,761 |
Held to maturity securities | 2,316,118 | 2,186,340 |
Property and equipment, accumulated depreciation | $200,424 | $193,527 |
Common stock, par value per share | $3.33 | $3.33 |
Common stock, shares authorized | 350,000,000 | 350,000,000 |
Common stock, shares outstanding | 77,886,120 | 80,426,485 |
Treasury shares, shares | 8,917,814 | 7,053,028 |
Consolidated_Statements_of_Inc
Consolidated Statements of Income (Unaudited) (USD $) | 3 Months Ended | |
In Thousands, except Per Share data, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
Interest income: | ||
Loans, including fees | $146,967 | $150,982 |
Loans held for sale | 96 | 195 |
Securities-taxable | 20,790 | 22,708 |
Securities-tax exempt | 880 | 1,027 |
Federal funds sold and other short term investments | 354 | 228 |
Total interest income | 169,087 | 175,140 |
Interest expense: | ||
Deposits | 7,126 | 5,352 |
Short-term borrowings | 172 | 1,049 |
Long-term debt and other interest expense | 3,631 | 3,177 |
Total interest expense | 10,929 | 9,578 |
Net interest income | 158,158 | 165,562 |
Provision for loan losses | 6,154 | 7,963 |
Net interest income after provision for loan losses | 152,004 | 157,599 |
Noninterest income: | ||
Service charges on deposit accounts | 17,315 | 18,712 |
Trust fees | 11,200 | 10,238 |
Bank card and ATM fees | 11,183 | 10,569 |
Investment and annuity fees | 5,050 | 4,952 |
Secondary mortgage market operations | 2,664 | 1,965 |
Insurance commissions and fees | 1,754 | 3,744 |
Amortization of FDIC loss share receivable | -1,197 | -3,908 |
Other income | 8,244 | 10,427 |
Securities transactions gains, net | 333 | |
Total noninterest income | 56,546 | 56,699 |
Noninterest expense: | ||
Compensation expense | 65,017 | 67,165 |
Employee benefits | 15,634 | 14,267 |
Personnel expense | 80,651 | 81,432 |
Net occupancy expense | 11,177 | 11,266 |
Equipment expense | 3,935 | 4,274 |
Data processing expense | 13,556 | 12,419 |
Professional services expense | 15,370 | 6,409 |
Amortization of intangibles | 6,318 | 7,038 |
Telecommunications and postage | 3,651 | 3,583 |
Deposit insurance and regulatory fees | 3,595 | 2,967 |
Other real estate expense, net | 456 | 1,777 |
Other expense | 14,806 | 15,817 |
Total noninterest expense | 153,515 | 146,982 |
Income before income taxes | 55,035 | 67,316 |
Income taxes | 14,876 | 18,201 |
Net income | $40,159 | $49,115 |
Basic earnings per common share | $0.49 | $0.58 |
Diluted earnings per common share | $0.49 | $0.58 |
Dividends paid per share | $0.24 | $0.24 |
Weighted average shares outstanding-basic | 79,496 | 82,277 |
Weighted average shares outstanding-diluted | 79,661 | 82,534 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (Unaudited) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
Statement of Comprehensive Income [Abstract] | ||
Net income | $40,159 | $49,115 |
Other comprehensive income: | ||
Net change in unrealized gains | 5,413 | 4,514 |
Reclassification adjustment for net losses realized and included in earnings | 605 | 53 |
Amortization of unrealized net gain on securities transferred to held to maturity | 647 | 665 |
Other comprehensive income, before income taxes | 6,665 | 5,232 |
Income tax expense | 2,360 | 1,842 |
Other comprehensive income net of income taxes | 4,305 | 3,390 |
Comprehensive income | $44,464 | $52,505 |
Consolidated_Statements_of_Cha
Consolidated Statements of Changes in Stockholders' Equity (Unaudited) (USD $) | Total | Common Stock [Member] | Capital Surplus [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Income (Loss), net [Member] | Treasury Stock [Member] |
In Thousands, except Share data | ||||||
Balance at Dec. 31, 2013 | $2,425,069 | $273,850 | $1,647,467 | $628,166 | ($35,379) | ($89,035) |
Balance, Shares at Dec. 31, 2013 | 82,237,162 | |||||
Net income | 49,115 | 49,115 | ||||
Other comprehensive income | 3,390 | 3,390 | ||||
Comprehensive income | 52,505 | 49,115 | 3,390 | |||
Cash dividends declared ($0.24 per common share) | -20,219 | -20,219 | ||||
Common stock activity, long-term incentive plan | 5,179 | 149 | 4,294 | 736 | ||
Common stock activity, long-term incentive plan, shares | 44,895 | |||||
Balance at Mar. 31, 2014 | 2,462,534 | 273,999 | 1,651,761 | 657,062 | -31,989 | -88,299 |
Balance, Shares at Mar. 31, 2014 | 82,282,057 | |||||
Balance at Dec. 31, 2014 | 2,472,402 | 267,820 | 1,689,291 | 723,496 | -50,074 | -158,131 |
Balance, Shares at Dec. 31, 2014 | 80,426,485 | |||||
Net income | 40,159 | 40,159 | ||||
Other comprehensive income | 4,305 | 4,305 | ||||
Comprehensive income | 44,464 | 40,159 | 4,305 | |||
Cash dividends declared ($0.24 per common share) | -19,524 | -19,524 | ||||
Common stock activity, long-term incentive plan | 3,026 | 78 | 12,086 | -9,138 | ||
Common stock activity, long-term incentive plan, shares | 23,242 | |||||
Purchase of common stock under stock buyback program | -75,270 | -8,537 | -66,733 | |||
Purchase of common stock under stock buyback program, shares | -2,563,607 | |||||
Balance at Mar. 31, 2015 | $2,425,098 | $259,361 | $1,701,377 | $744,131 | ($45,769) | ($234,002) |
Balance, Shares at Mar. 31, 2015 | 77,886,120 |
Consolidated_Statements_of_Cha1
Consolidated Statements of Changes in Stockholders' Equity (Unaudited) (Parenthetical) (USD $) | 3 Months Ended | |
Mar. 31, 2015 | Mar. 31, 2014 | |
Cash dividends declared, per common share | $0.24 | $0.24 |
Retained Earnings [Member] | ||
Cash dividends declared, per common share | $0.24 | $0.24 |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (Unaudited) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
CASH FLOWS FROM OPERATING ACTIVITIES: | ||
Net income | $40,159 | $49,115 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Depreciation and amortization | 7,218 | 7,899 |
Provision for loan losses | 6,154 | 7,963 |
(Gain) loss on other real estate owned | -248 | 1,388 |
Deferred tax expense | 9,252 | 13,182 |
Increase in cash surrender value of life insurance contracts | -2,596 | -2,282 |
Gain on disposal of other assets | -7 | -1,682 |
Net decrease in loans held for sale | 356 | 9,264 |
Net amortization of securities premium/discount | 4,223 | 4,236 |
Amortization of intangible assets | 6,318 | 7,038 |
Amortization of FDIC indemnification asset | 1,197 | 3,908 |
Stock-based compensation expense | 3,071 | 3,832 |
Decrease in interest payable and other liabilities | -8,577 | -7,814 |
Net payments from FDIC for loss share claims | 7,580 | |
Increase in FDIC loss share receivable | -1,188 | -1,414 |
(Increase) decrease in other assets | -6,657 | 6,545 |
Other, net | -949 | 1,947 |
Net cash provided by operating activities | 65,306 | 103,125 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ||
Proceeds from sales of securities | 9,221 | 1,301 |
Proceeds from maturities of securities available for sale | 468,358 | 76,221 |
Purchases of securities available for sale | -638,861 | -24,703 |
Proceeds from maturities of securities held to maturity | 88,381 | 183,363 |
Purchases of securities held to maturity | -207,849 | |
Net decrease (increase) in interest-bearing bank deposits | 286,551 | -12,086 |
Net decrease in federal funds sold and short-term investments | 600 | 553 |
Net increase in loans | -36,137 | -217,289 |
Purchases of property and equipment | -8,609 | -6,111 |
Proceeds from sales of property and equipment | 6,562 | |
Proceeds from sales of other real estate | 21,969 | 11,348 |
Other, net | -4,582 | 758 |
Net cash (used in) provided by investing activities | -20,958 | 19,917 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ||
Net increase (decrease) in deposits | 287,654 | -85,742 |
Net (decrease) increase in short-term borrowings | -396,323 | 54,674 |
Repayments of long-term debt | -8,800 | -8,955 |
Net proceeds from issuance of long-term debt | 145,196 | 3,130 |
Dividends paid | -19,524 | -20,219 |
Purchase of common stock under stock buyback program | -75,270 | |
Proceeds from exercise of stock options | 654 | |
Net cash used in financing activities | -67,067 | -56,458 |
NET (DECREASE) INCREASE IN CASH AND DUE FROM BANKS | -22,719 | 66,584 |
CASH AND DUE FROM BANKS, BEGINNING | 356,455 | 348,440 |
CASH AND DUE FROM BANKS, ENDING | 333,736 | 415,024 |
SUPPLEMENTAL INFORMATION FOR NON-CASH INVESTING AND FINANCING ACTIVITIES | ||
Assets acquired in settlement of loans | $4,161 | $6,337 |
Basis_of_Presentation
Basis of Presentation | 3 Months Ended |
Mar. 31, 2015 | |
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. (“GAAP”) have been condensed or omitted in this Form 10-Q pursuant to Securities and Exchange Commission rules and regulations. These financial statements should be read in conjunction with the audited consolidated financial statements and the notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014. 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 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 | |
There were no material changes or developments with respect to methodologies that the Company uses when applying what management believes are critical accounting policies and developing critical accounting estimates as disclosed in our Annual Report on Form 10-K for the year ended December 31, 2014. |
Securities
Securities | 3 Months Ended | ||||||||||||||||||||||||||||||||
Mar. 31, 2015 | |||||||||||||||||||||||||||||||||
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: | |||||||||||||||||||||||||||||||||
Securities Available for Sale | |||||||||||||||||||||||||||||||||
(in thousands) | 31-Mar-15 | 31-Dec-14 | |||||||||||||||||||||||||||||||
Amortized | Gross | Gross | Fair | Amortized | Gross | Gross | Fair | ||||||||||||||||||||||||||
Cost | Unrealized | Unrealized | Value | Cost | Unrealized | Unrealized | Value | ||||||||||||||||||||||||||
Gains | Losses | Gains | Losses | ||||||||||||||||||||||||||||||
US Treasury and government agency securities | $ | 100,182 | $ | — | $ | 766 | $ | 99,416 | $ | 300,207 | $ | 372 | $ | 71 | $ | 300,508 | |||||||||||||||||
Municipal obligations | 12,734 | 231 | — | 12,965 | 13,995 | 186 | 5 | 14,176 | |||||||||||||||||||||||||
Mortgage-backed securities | 1,441,474 | 35,262 | 1,947 | 1,474,789 | 1,217,293 | 31,094 | 2,823 | 1,245,564 | |||||||||||||||||||||||||
CMOs | 232,545 | 378 | 811 | 232,112 | 88,093 | — | 1,229 | 86,864 | |||||||||||||||||||||||||
Corporate debt securities | 3,500 | — | — | 3,500 | 3,500 | — | — | 3,500 | |||||||||||||||||||||||||
Equity securities | 2,512 | 322 | 8 | 2,826 | 8,673 | 891 | 11 | 9,553 | |||||||||||||||||||||||||
$ | 1,792,947 | $ | 36,193 | $ | 3,532 | $ | 1,825,608 | $ | 1,631,761 | $ | 32,543 | $ | 4,139 | $ | 1,660,165 | ||||||||||||||||||
Securities Held to Maturity | |||||||||||||||||||||||||||||||||
(in thousands) | 31-Mar-15 | 31-Dec-14 | |||||||||||||||||||||||||||||||
Amortized | Gross | Gross | Fair | Amortized | Gross | Gross | Fair Value | ||||||||||||||||||||||||||
Cost | Unrealized | Unrealized | Value | Cost | Unrealized | Unrealized | |||||||||||||||||||||||||||
Gains | Losses | Gains | Losse | ||||||||||||||||||||||||||||||
US Treasury and government agency securities | $ | 200,000 | $ | 99 | $ | 149 | 199,950 | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||
Municipal obligations | 183,206 | 4,003 | 634 | 186,575 | 180,615 | 3,416 | 1,144 | 182,887 | |||||||||||||||||||||||||
Mortgage-backed securities | 873,729 | 28,061 | — | 901,790 | 899,923 | 23,897 | 162 | 923,658 | |||||||||||||||||||||||||
CMOs | 1,025,361 | 8,443 | 6,001 | 1,027,803 | 1,085,751 | 5,590 | 11,546 | 1,079,795 | |||||||||||||||||||||||||
$ | 2,282,296 | $ | 40,606 | $ | 6,784 | $ | 2,316,118 | $ | 2,166,289 | $ | 32,903 | $ | 12,852 | $ | 2,186,340 | ||||||||||||||||||
The following table presents the amortized cost and fair value of debt securities at March 31, 2015 by contractual maturity. Actual maturities will differ from contractual maturities because of rights to call or repay obligations with or without penalties and scheduled and unscheduled principal payments on mortgage-backed securities and CMOs. | |||||||||||||||||||||||||||||||||
(in thousands) | Amortized | Fair Value | |||||||||||||||||||||||||||||||
Debt Securities Available for Sale | Cost | ||||||||||||||||||||||||||||||||
Due in one year or less | $ | 105,262 | $ | 104,516 | |||||||||||||||||||||||||||||
Due after one year through five years | 136,962 | 138,138 | |||||||||||||||||||||||||||||||
Due after five years through ten years | 232,151 | 240,235 | |||||||||||||||||||||||||||||||
Due after ten years | 1,316,060 | 1,339,893 | |||||||||||||||||||||||||||||||
Total available for sale debt securities | $ | 1,790,435 | $ | 1,822,782 | |||||||||||||||||||||||||||||
Amortized | Fair Value | ||||||||||||||||||||||||||||||||
Debt Securities Held to Maturity | Cost | ||||||||||||||||||||||||||||||||
Due in one year or less | $ | 425,253 | $ | 427,208 | |||||||||||||||||||||||||||||
Due after one year through five years | 387,765 | 386,448 | |||||||||||||||||||||||||||||||
Due after five years through ten years | 108,198 | 108,110 | |||||||||||||||||||||||||||||||
Due after ten years | 1,361,080 | 1,394,352 | |||||||||||||||||||||||||||||||
Total held to maturity securities | $ | 2,282,296 | $ | 2,316,118 | |||||||||||||||||||||||||||||
The Company held no securities classified as trading at March 31, 2015 or December 31, 2014. | |||||||||||||||||||||||||||||||||
The details for securities classified as available for sale with unrealized losses for the periods indicated follow: | |||||||||||||||||||||||||||||||||
March 31, 2015 | Losses < 12 months | Losses 12 months or > | Total | ||||||||||||||||||||||||||||||
(in thousands) | Fair Value | Gross | Fair Value | Gross | Fair Value | Unrealized | |||||||||||||||||||||||||||
Unrealized | Unrealized | Gross | |||||||||||||||||||||||||||||||
Losses | Losses | Losses | |||||||||||||||||||||||||||||||
US Treasury and government agency securities | $ | 99,249 | $ | 765 | $ | 106 | $ | 1 | $ | 99,355 | $ | 766 | |||||||||||||||||||||
Mortgage-backed securities | 23,484 | 152 | 124,102 | 1,795 | 147,586 | 1,947 | |||||||||||||||||||||||||||
CMOs | 104,199 | 105 | 37,979 | 706 | 142,178 | 811 | |||||||||||||||||||||||||||
Equity securities | 1,848 | 6 | 2 | 2 | 1,850 | 8 | |||||||||||||||||||||||||||
$ | 228,780 | $ | 1,028 | $ | 162,189 | $ | 2,504 | $ | 390,969 | $ | 3,532 | ||||||||||||||||||||||
December 31, 2014 | Losses < 12 months | Losses 12 months or > | Total | ||||||||||||||||||||||||||||||
(in thousands) | Fair Value | Gross | Fair Value | Gross | Fair Value | Gross | |||||||||||||||||||||||||||
Unrealized | Unrealized | Unrealized | |||||||||||||||||||||||||||||||
Losses | Losses | Losses | |||||||||||||||||||||||||||||||
US Treasury and government agency securities | $ | 99,950 | $ | 70 | $ | 121 | $ | 1 | $ | 100,071 | $ | 71 | |||||||||||||||||||||
Municipal obligations | 2,995 | 5 | — | — | 2,995 | 5 | |||||||||||||||||||||||||||
Mortgage-backed securities | 38,955 | 163 | 125,641 | 2,660 | 164,596 | 2,823 | |||||||||||||||||||||||||||
CMOs | — | — | 86,864 | 1,229 | 86,864 | 1,229 | |||||||||||||||||||||||||||
Equity securities | 5,998 | 10 | 3 | 1 | 6,001 | 11 | |||||||||||||||||||||||||||
$ | 147,898 | $ | 248 | $ | 212,629 | $ | 3,891 | $ | 360,527 | $ | 4,139 | ||||||||||||||||||||||
The details for securities classified as held to maturity with unrealized losses for the periods indicated follow: | |||||||||||||||||||||||||||||||||
Held to maturity | Losses < 12 months | Losses 12 months or > | Total | ||||||||||||||||||||||||||||||
March 31, 2015 | |||||||||||||||||||||||||||||||||
(in thousands) | Fair Value | Gross | Fair Value | Gross | Fair Value | Gross | |||||||||||||||||||||||||||
Unrealized | Unrealized | Unrealized | |||||||||||||||||||||||||||||||
Losses | Losses | Losses | |||||||||||||||||||||||||||||||
US Treasury and government agency securities | $ | 99,851 | $ | 149 | $ | — | $ | — | $ | 99,851 | $ | 149 | |||||||||||||||||||||
Municipal obligations | 8,757 | 17 | 49,110 | 617 | 57,867 | 634 | |||||||||||||||||||||||||||
CMOs | 84,621 | 429 | 387,944 | 5,572 | 472,565 | 6,001 | |||||||||||||||||||||||||||
$ | 193,229 | $ | 595 | $ | 437,054 | $ | 6,189 | $ | 630,283 | $ | 6,784 | ||||||||||||||||||||||
Held to maturity | Losses < 12 months | Losses 12 months or > | Total | ||||||||||||||||||||||||||||||
December 31, 2014 | |||||||||||||||||||||||||||||||||
(in thousands) | Fair Value | Gross | Fair Value | Gross | Fair Value | Gross | |||||||||||||||||||||||||||
Unrealized | Unrealized | Unrealized | |||||||||||||||||||||||||||||||
Losses | Losses | Losses | |||||||||||||||||||||||||||||||
Municipal obligations | $ | 4,316 | $ | 12 | $ | 58,105 | $ | 1,132 | $ | 62,421 | $ | 1,144 | |||||||||||||||||||||
Mortgage-backed securities | — | — | 95,522 | 162 | 95,522 | 162 | |||||||||||||||||||||||||||
CMOs | 119,222 | 616 | 540,607 | 10,930 | 659,829 | 11,546 | |||||||||||||||||||||||||||
$ | 123,538 | $ | 628 | $ | 694,234 | $ | 12,224 | $ | 817,772 | $ | 12,852 | ||||||||||||||||||||||
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 issuer’s ability to meet contractual obligations. The Company believes it has adequate liquidity and, therefore, does not plan to and, more likely than not, will not be required to sell these securities before recovery of the indicated impairment. Accordingly, the unrealized losses on these securities have been determined to be temporary. | |||||||||||||||||||||||||||||||||
Securities with carrying values totaling $3.0 billion at March 31, 2015 and $3.2 billion at December 31, 2014 were pledged as collateral primarily to secure public deposits or securities sold under agreements to repurchase. |
Loans_and_Allowance_for_Loan_L
Loans and Allowance for Loan Losses | 3 Months Ended | ||||||||||||||||||||||||||||||||
Mar. 31, 2015 | |||||||||||||||||||||||||||||||||
Receivables [Abstract] | |||||||||||||||||||||||||||||||||
Loans and Allowance for Loan Losses | 3. Loans and Allowance for Loan Losses | ||||||||||||||||||||||||||||||||
Loans, net of unearned income, consisted of the following: | |||||||||||||||||||||||||||||||||
(in thousands) | March 31, | December 31, | |||||||||||||||||||||||||||||||
2015 | 2014 | ||||||||||||||||||||||||||||||||
Originated loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | $ | 5,861,887 | $ | 5,917,728 | |||||||||||||||||||||||||||||
Construction and land development | 1,087,449 | 1,073,964 | |||||||||||||||||||||||||||||||
Commercial real estate | 2,492,351 | 2,428,195 | |||||||||||||||||||||||||||||||
Residential mortgages | 1,736,033 | 1,704,770 | |||||||||||||||||||||||||||||||
Consumer | 1,742,810 | 1,685,542 | |||||||||||||||||||||||||||||||
Total originated loans | $ | 12,920,530 | $ | 12,810,199 | |||||||||||||||||||||||||||||
Acquired loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | $ | 118,260 | $ | 120,137 | |||||||||||||||||||||||||||||
Construction and land development | 14,579 | 21,123 | |||||||||||||||||||||||||||||||
Commercial real estate | 629,975 | 688,045 | |||||||||||||||||||||||||||||||
Residential mortgages | 2,485 | 2,378 | |||||||||||||||||||||||||||||||
Consumer | 25 | 985 | |||||||||||||||||||||||||||||||
Total acquired loans | $ | 765,324 | $ | 832,668 | |||||||||||||||||||||||||||||
FDIC acquired loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | $ | 6,937 | $ | 6,195 | |||||||||||||||||||||||||||||
Construction and land development | 11,482 | 11,674 | |||||||||||||||||||||||||||||||
Commercial real estate | 27,777 | 27,808 | |||||||||||||||||||||||||||||||
Residential mortgages | 175,367 | 187,033 | |||||||||||||||||||||||||||||||
Consumer | 16,969 | 19,699 | |||||||||||||||||||||||||||||||
Total FDIC acquired loans | $ | 238,532 | $ | 252,409 | |||||||||||||||||||||||||||||
Total loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | $ | 5,987,084 | $ | 6,044,060 | |||||||||||||||||||||||||||||
Construction and land development | 1,113,510 | 1,106,761 | |||||||||||||||||||||||||||||||
Commercial real estate | 3,150,103 | 3,144,048 | |||||||||||||||||||||||||||||||
Residential mortgages | 1,913,885 | 1,894,181 | |||||||||||||||||||||||||||||||
Consumer | 1,759,804 | 1,706,226 | |||||||||||||||||||||||||||||||
Total loans | $ | 13,924,386 | $ | 13,895,276 | |||||||||||||||||||||||||||||
The following briefly describes the distinction among originated, acquired and FDIC acquired loans and certain significant accounting policies relevant to each category. | |||||||||||||||||||||||||||||||||
Originated loans | |||||||||||||||||||||||||||||||||
Loans reported as “originated” include both loans originated for investment and acquired-performing loans where the discount (premium) has been fully accreted (amortized). Originated loans are reported at the principal balance outstanding, net of unearned income. Interest on loans and accretion of unearned income, including deferred loan fees, are computed in a manner that approximates a level yield on recorded principal. Interest on loans is recognized in income as earned. | |||||||||||||||||||||||||||||||||
The accrual of interest on an originated loan is discontinued when, in management’s opinion, it is probable that the borrower will be unable to meet payment obligations as they become due, as well as when required by regulatory provisions. When accrual of interest is discontinued on a loan, all unpaid accrued interest is reversed and payments subsequently received are applied first to recover principal. Interest income is recognized for payments received after contractual principal has been satisfied. Loans are returned to accrual status when all the principal and interest contractually due are brought current and future payment performance is reasonably assured. | |||||||||||||||||||||||||||||||||
Acquired loans | |||||||||||||||||||||||||||||||||
Loans reported as “acquired” are those loans that were purchased in the 2011 Whitney Holding Corporation acquisition. These loans were recorded at estimated fair value at the acquisition date with no carryover of the related allowance for loan losses. The Whitney acquired loans were segregated between those considered to be performing (“acquired-performing”) and those with evidence of credit deterioration (“acquired-impaired”) based on such factors as past due status, nonaccrual status and credit risk ratings (rated substandard or worse). The acquired loans were further segregated into loan pools designed to facilitate the development of expected cash flows to be used in estimating fair value to facilitate purchase accounting. Acquired-performing loans are accounted for under ASC 310-20 and acquired-impaired loans are accounted for under ASC 310-30. | |||||||||||||||||||||||||||||||||
Acquired-performing loans were segregated into pools based on common risk characteristics such as loan type, credit risk ratings, and contractual interest rate and repayment terms. The major loan types included commercial and industrial loans not secured by real estate, real estate construction and land development loans, commercial real estate loans, residential mortgage loans, and consumer loans, with further segregation within certain loan types as needed. Expected cash flows, both principal and interest, from each pool were estimated based on key assumptions covering such factors as prepayments, default rates, and severity of loss given a default. These assumptions were developed using both historical experience and the portfolio characteristics at acquisition as well as available market research. The fair value estimate for each acquired-performing pool was based on the estimate of expected cash flows from the pool discounted at prevailing market rates. | |||||||||||||||||||||||||||||||||
The difference at the acquisition date between the fair value and the contractual amounts due of an acquired-performing loan pool (the “fair value discount”) is accreted into income over the estimated life of the pool. Acquired-performing loans are placed on nonaccrual status and reported as nonperforming or past due using the same criteria applied to the originated portfolio. | |||||||||||||||||||||||||||||||||
The acquired-impaired loans were segregated into pools by identifying loans with common credit risk profiles and were based primarily on characteristics such as loan type and market area in which originated. The major loan types included commercial and industrial loans not secured by real estate, real estate construction and land development loans, commercial real estate loans, and residential mortgage loans, with further segregation within certain loan types as needed. The acquired-impaired loans were further disaggregated by geographic region in recognition of the differences in general economic conditions affecting borrowers in certain states. The fair value estimate for each pool of acquired-impaired loans was based on the estimate of expected cash flows from the pool discounted at prevailing market rates. | |||||||||||||||||||||||||||||||||
The excess of estimated cash flows expected to be collected from an acquired-impaired loan pool over the pool’s carrying value is referred to as the accretable yield and is recognized in interest income using an effective yield method over the expected life of the loan pool. Each pool of acquired-impaired loans is accounted for as a single asset with a single composite interest rate and an aggregate expectation of cash flows. Acquired-impaired loans in pools with an accretable yield and expected cash flows that are reasonably estimable are considered to be accruing and performing even though collection of contractual payments on loans within the pool may be in doubt, because the pool is the unit of accounting. Acquired-impaired loans are generally not subject to individual evaluation for impairment and are not reported with impaired loans or troubled debt restructurings even if they would otherwise qualify for such treatment. | |||||||||||||||||||||||||||||||||
FDIC acquired loans and the related loss share receivable | |||||||||||||||||||||||||||||||||
Loans reported as “FDIC acquired” are loans purchased in the 2009 acquisition of Peoples First Community Bank (Peoples First) that were covered by two loss share agreements between the FDIC and the Company. These loans are accounted for as acquired-impaired loans as described above in the section on acquired loans. The Company treated all loans for the Peoples First acquisition as impaired based on the significant amount of deteriorating and nonperforming loans, comprised mainly of adjustable rate mortgages and home equity loans, located in Florida. The loss share receivable is measured separately from the related covered loans as it is not contractually embedded in the loans and is not transferrable should the loans be sold. The fair value of the loss share receivable at acquisition was estimated by discounting expected reimbursements for losses from the loans covered by the loss share agreements, including appropriate consideration of possible true-up payments to the FDIC at the expiration of the agreements. | |||||||||||||||||||||||||||||||||
The loss share receivable is reviewed and updated prospectively as loss estimates related to covered loan pools change. Increases in expected reimbursements under the loss sharing agreement will lead to an increase in the loss share receivable. A decrease in expected reimbursements is reflected first as a reversal of any previously recorded increase in the loss share receivable on the covered loan pool with the remainder reflected as a reduction in the loss share receivable’s accretion rate. Increases and decreases in the loss share receivable related to changes in loss estimates result in reductions in or additions to the provision for loan losses, which serves to offset the impact on the provision from impairments or impairment reversals recognized on the underlying covered loan pool. The excess (or shortfall) of expected claims as compared to the carrying value of the loss share receivable is accreted (amortized) into noninterest income over the shorter of the remaining life of the covered loan pool or the life of the loss share agreement. The impact on operations of 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 loss share receivable is reduced as cash is received from the FDIC related to losses incurred on covered assets. | |||||||||||||||||||||||||||||||||
The following schedule shows activity in the loss share receivable for the three months ended March 31, 2015 and 2014: | |||||||||||||||||||||||||||||||||
Three Months Ended | |||||||||||||||||||||||||||||||||
(in thousands) | March 31, | March 31, | |||||||||||||||||||||||||||||||
2015 | 2014 | ||||||||||||||||||||||||||||||||
Balance, January 1 | $ | 60,272 | $ | 113,834 | |||||||||||||||||||||||||||||
Amortization | (1,197 | ) | (3,908 | ) | |||||||||||||||||||||||||||||
Charge-offs, write-downs and other recoveries | (1,475 | ) | (452 | ) | |||||||||||||||||||||||||||||
External expenses qualifying under loss share agreement | 298 | 1,848 | |||||||||||||||||||||||||||||||
Changes due to changes in cash flow projections | (421 | ) | (6,853 | ) | |||||||||||||||||||||||||||||
Net payments from FDIC | (7,580 | ) | — | ||||||||||||||||||||||||||||||
Ending balance | $ | 49,897 | $ | 104,469 | |||||||||||||||||||||||||||||
The loss share agreement covering the non-single family FDIC acquired portfolio expired in December 2014. The loss share agreement covering the single family portfolio expires in December 2019. | |||||||||||||||||||||||||||||||||
The following schedule shows activity in the allowance for loan losses by portfolio segment for the three months ended March 31, 2015 and 2014 as well as the corresponding recorded investment in loans at the end of each period. | |||||||||||||||||||||||||||||||||
(in thousands) | Commercial | Construction | Commercial | Residential | Consumer | Total | |||||||||||||||||||||||||||
non-real | and land | real estate | mortgages | ||||||||||||||||||||||||||||||
estate | development | ||||||||||||||||||||||||||||||||
Three Months Ended March 31, 2015 | |||||||||||||||||||||||||||||||||
Originated loans | |||||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||
Beginning balance | $ | 50,258 | $ | 5,413 | $ | 16,544 | $ | 8,051 | $ | 17,435 | $ | 97,701 | |||||||||||||||||||||
Charge-offs | (1,697 | ) | (747 | ) | (251 | ) | (1,209 | ) | (3,556 | ) | (7,460 | ) | |||||||||||||||||||||
Recoveries | 981 | 1,243 | (3 | ) | 305 | 1,280 | 3,806 | ||||||||||||||||||||||||||
Net provision for loan losses | 6,754 | (1,500 | ) | (966 | ) | 738 | 1,421 | 6,447 | |||||||||||||||||||||||||
Ending balance | $ | 56,296 | $ | 4,409 | $ | 15,324 | $ | 7,885 | $ | 16,580 | $ | 100,494 | |||||||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 529 | $ | 71 | $ | 147 | $ | 88 | $ | 3 | $ | 838 | |||||||||||||||||||||
Collectively evaluated for impairment | 55,767 | 4,338 | 15,177 | 7,797 | 16,577 | 99,656 | |||||||||||||||||||||||||||
Loans: | |||||||||||||||||||||||||||||||||
Ending balance: | $ | 5,861,887 | $ | 1,087,449 | $ | 2,492,351 | $ | 1,736,033 | $ | 1,742,810 | $ | 12,920,530 | |||||||||||||||||||||
Individually evaluated for impairment | 14,566 | 4,381 | 17,210 | 2,423 | 120 | 38,700 | |||||||||||||||||||||||||||
Collectively evaluated for impairment | 5,847,321 | 1,083,068 | 2,475,141 | 1,733,610 | 1,742,690 | 12,881,830 | |||||||||||||||||||||||||||
Acquired loans | |||||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||
Beginning balance | $ | — | $ | — | $ | 477 | $ | — | $ | — | $ | 477 | |||||||||||||||||||||
Charge-offs | — | — | — | — | — | — | |||||||||||||||||||||||||||
Recoveries | — | — | — | — | — | — | |||||||||||||||||||||||||||
Net provision for loan losses | — | — | (223 | ) | — | — | (223 | ) | |||||||||||||||||||||||||
Ending balance | $ | — | $ | — | $ | 254 | $ | — | $ | — | $ | 254 | |||||||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | — | $ | — | $ | 254 | $ | — | $ | — | $ | 254 | |||||||||||||||||||||
Amounts related to acquired-impaired loans | — | — | — | — | — | — | |||||||||||||||||||||||||||
Collectively evaluated for impairment | — | — | — | — | — | — | |||||||||||||||||||||||||||
Loans: | |||||||||||||||||||||||||||||||||
Ending balance: | $ | 118,260 | $ | 14,579 | $ | 629,975 | $ | 2,485 | $ | 25 | $ | 765,324 | |||||||||||||||||||||
Individually evaluated for impairment | — | — | 2,579 | — | — | 2,579 | |||||||||||||||||||||||||||
Acquired-impaired loans | 8,708 | 12,801 | 21,226 | 2,485 | 25 | 45,245 | |||||||||||||||||||||||||||
Collectively evaluated for impairment | 109,552 | 1,778 | 606,170 | — | — | 717,500 | |||||||||||||||||||||||||||
(in thousands) | Commercial | Construction | Commercial | Residential | Consumer | Total | |||||||||||||||||||||||||||
non-real | and land | real estate | mortgages | ||||||||||||||||||||||||||||||
estate | development | ||||||||||||||||||||||||||||||||
Three Months Ended March 31, 2015 | |||||||||||||||||||||||||||||||||
FDIC acquired loans | |||||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||
Beginning balance | $ | 911 | $ | 1,008 | $ | 4,061 | $ | 20,609 | $ | 3,995 | $ | 30,584 | |||||||||||||||||||||
Charge-offs | (127 | ) | (276 | ) | (2,368 | ) | (93 | ) | (140 | ) | (3,004 | ) | |||||||||||||||||||||
Recoveries | 14 | 406 | 113 | — | 16 | 549 | |||||||||||||||||||||||||||
Net provision for loan losses | (2 | ) | (6 | ) | 202 | (195 | ) | (69 | ) | (70 | ) | ||||||||||||||||||||||
(Decrease) increase in FDIC loss share receivable | (13 | ) | (34 | ) | 1,207 | (1,171 | ) | (410 | ) | (421 | ) | ||||||||||||||||||||||
Ending balance | $ | 783 | $ | 1,098 | $ | 3,215 | $ | 19,150 | $ | 3,392 | $ | 27,638 | |||||||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||||||
Amounts related to acquired-impaired loans | 783 | 1,098 | 3,215 | 19,150 | 3,392 | 27,638 | |||||||||||||||||||||||||||
Collectively evaluated for impairment | — | — | — | — | — | — | |||||||||||||||||||||||||||
Loans: | |||||||||||||||||||||||||||||||||
Ending balance: | $ | 6,937 | $ | 11,482 | $ | 27,777 | $ | 175,367 | $ | 16,969 | $ | 238,532 | |||||||||||||||||||||
Individually evaluated for impairment | — | — | — | — | — | — | |||||||||||||||||||||||||||
Acquired-impaired loans | 6,937 | 11,482 | 27,777 | 175,367 | 16,969 | 238,532 | |||||||||||||||||||||||||||
Collectively evaluated for impairment | — | — | — | — | — | — | |||||||||||||||||||||||||||
Total loans | |||||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||
Beginning balance | $ | 51,169 | $ | 6,421 | $ | 21,082 | $ | 28,660 | $ | 21,430 | $ | 128,762 | |||||||||||||||||||||
Charge-offs | (1,824 | ) | (1,023 | ) | (2,619 | ) | (1,302 | ) | (3,696 | ) | (10,464 | ) | |||||||||||||||||||||
Recoveries | 995 | 1,649 | 110 | 305 | 1,296 | 4,355 | |||||||||||||||||||||||||||
Net provision for loan losses | 6,752 | (1,506 | ) | (987 | ) | 543 | 1,352 | 6,154 | |||||||||||||||||||||||||
(Decrease) increase in FDIC loss share receivable | (13 | ) | (34 | ) | 1,207 | (1,171 | ) | (410 | ) | (421 | ) | ||||||||||||||||||||||
Ending balance | $ | 57,079 | $ | 5,507 | $ | 18,793 | $ | 27,035 | $ | 19,972 | $ | 128,386 | |||||||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 529 | $ | 71 | $ | 401 | $ | 88 | $ | 3 | $ | 1,092 | |||||||||||||||||||||
Amounts related to acquired-impaired loans | 783 | 1,098 | 3,215 | 19,150 | 3,392 | 27,638 | |||||||||||||||||||||||||||
Collectively evaluated for impairment | 55,767 | 4,338 | 15,177 | 7,797 | 16,577 | 99,656 | |||||||||||||||||||||||||||
Loans: | |||||||||||||||||||||||||||||||||
Ending balance: | $ | 5,987,084 | $ | 1,113,510 | $ | 3,150,103 | $ | 1,913,885 | $ | 1,759,804 | $ | 13,924,386 | |||||||||||||||||||||
Individually evaluated for impairment | 14,566 | 4,381 | 19,789 | 2,423 | 120 | 41,279 | |||||||||||||||||||||||||||
Acquired-impaired loans | 15,645 | 24,283 | 49,003 | 177,852 | 16,994 | 283,777 | |||||||||||||||||||||||||||
Collectively evaluated for impairment | 5,956,873 | 1,084,846 | 3,081,311 | 1,733,610 | 1,742,690 | 13,599,330 | |||||||||||||||||||||||||||
(in thousands) | Commercial | Construction | Commercial | Residential | Consumer | Total | |||||||||||||||||||||||||||
non-real | and land | real estate | mortgages | ||||||||||||||||||||||||||||||
estate | development | ||||||||||||||||||||||||||||||||
Three Months Ended March 31, 2014 | |||||||||||||||||||||||||||||||||
Originated loans | |||||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||
Beginning balance | $ | 33,091 | $ | 6,180 | $ | 20,649 | $ | 6,892 | $ | 12,073 | $ | 78,885 | |||||||||||||||||||||
Charge-offs | (2,386 | ) | (91 | ) | (723 | ) | (241 | ) | (4,041 | ) | (7,482 | ) | |||||||||||||||||||||
Recoveries | 826 | 651 | 331 | 94 | 1,602 | 3,504 | |||||||||||||||||||||||||||
Net provision for loan losses | 2,202 | (739 | ) | 716 | (153 | ) | 2,627 | 4,653 | |||||||||||||||||||||||||
Ending balance | $ | 33,733 | $ | 6,001 | $ | 20,973 | $ | 6,592 | $ | 12,261 | $ | 79,560 | |||||||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 1,457 | $ | 508 | $ | 189 | $ | 196 | $ | — | $ | 2,350 | |||||||||||||||||||||
Collectively evaluated for impairment | 32,276 | 5,493 | 20,784 | 6,396 | 12,261 | 77,210 | |||||||||||||||||||||||||||
Loans: | |||||||||||||||||||||||||||||||||
Ending balance: | $ | 4,353,549 | $ | 824,837 | $ | 2,110,096 | $ | 1,228,170 | $ | 1,407,712 | $ | 9,924,364 | |||||||||||||||||||||
Individually evaluated for impairment | 9,109 | 11,064 | 12,418 | 2,549 | — | 35,140 | |||||||||||||||||||||||||||
Collectively evaluated for impairment | 4,344,440 | 813,773 | 2,097,678 | 1,225,621 | 1,407,712 | 9,889,224 | |||||||||||||||||||||||||||
Acquired loans | |||||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||
Beginning balance | $ | 1,603 | $ | 10 | $ | 34 | $ | — | $ | — | $ | 1,647 | |||||||||||||||||||||
Charge-offs | — | — | — | — | — | — | |||||||||||||||||||||||||||
Recoveries | — | — | — | — | — | — | |||||||||||||||||||||||||||
Net provision for loan losses | 2,396 | 108 | 424 | 496 | 188 | 3,612 | |||||||||||||||||||||||||||
Ending balance | $ | 3,999 | $ | 118 | $ | 458 | $ | 496 | $ | 188 | $ | 5,259 | |||||||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 88 | $ | 32 | $ | 282 | $ | — | $ | — | $ | 402 | |||||||||||||||||||||
Amounts related to acquired-impaired loans | — | — | — | — | — | — | |||||||||||||||||||||||||||
Collectively evaluated for impairment | 3,911 | 86 | 176 | 496 | 188 | 4,857 | |||||||||||||||||||||||||||
Loans: | |||||||||||||||||||||||||||||||||
Ending balance: | $ | 830,211 | $ | 134,443 | $ | 907,170 | $ | 293,111 | $ | 107,501 | $ | 2,272,436 | |||||||||||||||||||||
Individually evaluated for impairment | 1,998 | 721 | 2,281 | — | — | 5,000 | |||||||||||||||||||||||||||
Acquired-impaired loans | 13,272 | 17,560 | 30,018 | 5,545 | 102 | 66,497 | |||||||||||||||||||||||||||
Collectively evaluated for impairment | 814,941 | 116,162 | 874,871 | 287,566 | 107,399 | 2,200,939 | |||||||||||||||||||||||||||
(in thousands) | Commercial | Construction | Commercial | Residential | Consumer | Total | |||||||||||||||||||||||||||
non-real | and land | real estate | mortgages | ||||||||||||||||||||||||||||||
estate | development | ||||||||||||||||||||||||||||||||
Three Months Ended March 31, 2014 | |||||||||||||||||||||||||||||||||
FDIC acquired loans | |||||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||
Beginning balance | $ | 2,323 | $ | 2,655 | $ | 10,929 | $ | 27,989 | $ | 9,198 | $ | 53,094 | |||||||||||||||||||||
Charge-offs | (46 | ) | (458 | ) | (3,117 | ) | (308 | ) | (81 | ) | (4,010 | ) | |||||||||||||||||||||
Recoveries | 445 | 857 | 136 | 6 | 56 | 1,500 | |||||||||||||||||||||||||||
Net provision for loan losses | (36 | ) | (32 | ) | (22 | ) | (118 | ) | (94 | ) | (302 | ) | |||||||||||||||||||||
Decrease in FDIC loss share receivable | (809 | ) | (732 | ) | (507 | ) | (2,666 | ) | (2,139 | ) | (6,853 | ) | |||||||||||||||||||||
Ending balance | $ | 1,877 | $ | 2,290 | $ | 7,419 | $ | 24,903 | $ | 6,940 | $ | 43,429 | |||||||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||||||
Amounts related to acquired-impaired loans | 1,877 | 2,290 | 7,419 | 24,903 | 6,940 | 43,429 | |||||||||||||||||||||||||||
Collectively evaluated for impairment | — | — | — | — | — | — | |||||||||||||||||||||||||||
Loans: | |||||||||||||||||||||||||||||||||
Ending balance: | $ | 14,269 | $ | 19,518 | $ | 52,050 | $ | 199,026 | $ | 46,274 | $ | 331,137 | |||||||||||||||||||||
Individually evaluated for impairment | — | — | — | — | — | — | |||||||||||||||||||||||||||
Acquired-impaired loans | 14,269 | 19,518 | 52,050 | 199,026 | 46,274 | 331,137 | |||||||||||||||||||||||||||
Collectively evaluated for impairment | — | — | — | — | — | — | |||||||||||||||||||||||||||
Total loans | |||||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||
Beginning balance | $ | 37,017 | $ | 8,845 | $ | 31,612 | $ | 34,881 | $ | 21,271 | $ | 133,626 | |||||||||||||||||||||
Charge-offs | (2,432 | ) | (549 | ) | (3,840 | ) | (549 | ) | (4,122 | ) | (11,492 | ) | |||||||||||||||||||||
Recoveries | 1,271 | 1,508 | 467 | 100 | 1,658 | 5,004 | |||||||||||||||||||||||||||
Net provision for loan losses | 4,562 | (663 | ) | 1,118 | 225 | 2,721 | 7,963 | ||||||||||||||||||||||||||
Decrease in FDIC loss share receivable | (809 | ) | (732 | ) | (507 | ) | (2,666 | ) | (2,139 | ) | (6,853 | ) | |||||||||||||||||||||
Ending balance | $ | 39,609 | $ | 8,409 | $ | 28,850 | $ | 31,991 | $ | 19,389 | $ | 128,248 | |||||||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 1,545 | $ | 540 | $ | 471 | $ | 196 | $ | — | $ | 2,752 | |||||||||||||||||||||
Amounts related to acquired-impaired loans | 1,877 | 2,290 | 7,419 | 24,903 | 6,940 | 43,429 | |||||||||||||||||||||||||||
Collectively evaluated for impairment | 36,187 | 5,579 | 20,960 | 6,892 | 12,449 | 82,067 | |||||||||||||||||||||||||||
Loans: | |||||||||||||||||||||||||||||||||
Ending balance: | $ | 5,198,029 | $ | 978,798 | $ | 3,069,316 | $ | 1,720,307 | $ | 1,561,487 | $ | 12,527,937 | |||||||||||||||||||||
Individually evaluated for impairment | 11,107 | 11,785 | 14,699 | 2,549 | — | 40,140 | |||||||||||||||||||||||||||
Acquired-impaired loans | 27,541 | 37,078 | 82,068 | 204,571 | 46,376 | 397,634 | |||||||||||||||||||||||||||
Collectively evaluated for impairment | 5,159,381 | 929,935 | 2,972,549 | 1,513,187 | 1,515,111 | 12,090,163 | |||||||||||||||||||||||||||
The following table shows the composition of nonaccrual loans by portfolio segment and class. Acquired-impaired and certain FDIC acquired loans are considered to be performing due to the application of the accretion method and are excluded from the table. FDIC acquired loans accounted for using the cost recovery method do not have an accretable yield and are included below as nonaccrual loans. Acquired-performing loans that have subsequently been placed on nonaccrual status are also included below. | |||||||||||||||||||||||||||||||||
(in thousands) | March 31, | December 31, | |||||||||||||||||||||||||||||||
2015 | 2014 | ||||||||||||||||||||||||||||||||
Originated loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | $ | 25,614 | $ | 15,511 | |||||||||||||||||||||||||||||
Construction and land development | 5,255 | 6,462 | |||||||||||||||||||||||||||||||
Commercial real estate | 24,668 | 22,047 | |||||||||||||||||||||||||||||||
Residential mortgages | 22,383 | 21,702 | |||||||||||||||||||||||||||||||
Consumer | 5,492 | 5,574 | |||||||||||||||||||||||||||||||
Total originated loans | $ | 83,412 | $ | 71,296 | |||||||||||||||||||||||||||||
Acquired loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | $ | — | $ | — | |||||||||||||||||||||||||||||
Construction and land development | — | — | |||||||||||||||||||||||||||||||
Commercial real estate | 5,820 | 6,139 | |||||||||||||||||||||||||||||||
Residential mortgages | — | — | |||||||||||||||||||||||||||||||
Consumer | — | — | |||||||||||||||||||||||||||||||
Total acquired loans | $ | 5,820 | $ | 6,139 | |||||||||||||||||||||||||||||
FDIC acquired loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | $ | — | $ | — | |||||||||||||||||||||||||||||
Construction and land development | 1,156 | 1,103 | |||||||||||||||||||||||||||||||
Commercial real estate | 433 | 433 | |||||||||||||||||||||||||||||||
Residential mortgages | — | 392 | |||||||||||||||||||||||||||||||
Consumer | — | 174 | |||||||||||||||||||||||||||||||
Total FDIC acquired loans | $ | 1,589 | $ | 2,102 | |||||||||||||||||||||||||||||
Total loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | $ | 25,614 | $ | 15,511 | |||||||||||||||||||||||||||||
Construction and land development | 6,411 | 7,565 | |||||||||||||||||||||||||||||||
Commercial real estate | 30,921 | 28,619 | |||||||||||||||||||||||||||||||
Residential mortgages | 22,383 | 22,094 | |||||||||||||||||||||||||||||||
Consumer | 5,492 | 5,748 | |||||||||||||||||||||||||||||||
Total loans | $ | 90,821 | $ | 79,537 | |||||||||||||||||||||||||||||
The estimated amount of interest that would have been recorded on nonaccrual loans had the loans not been classified as nonaccrual in the three months ended March 31, 2015 was approximately $0.8 million. Interest actually received and recorded as income on nonaccrual loans during the three months ended March 31, 2015 was approximately $0.3 million. | |||||||||||||||||||||||||||||||||
Nonaccrual loans include loans modified in troubled debt restructurings (“TDRs”) of $5.0 million and $7.0 million at March 31, 2015 and December 31, 2014, respectively. Total TDRs both accruing and nonaccruing were $12.5 million as of March 31, 2015 and $16.0 million at December 31, 2014. Modified acquired-impaired loans are not removed from their accounting pool and accounted for as TDRs, even if those loans would otherwise be deemed TDRs. | |||||||||||||||||||||||||||||||||
The tables below detail TDRs that were modified during the three months ended March 31, 2015 and March 31, 2014 by portfolio segment. All TDRs are individually evaluated for impairment. | |||||||||||||||||||||||||||||||||
Three Months Ended | |||||||||||||||||||||||||||||||||
(in thousands) | March 31, 2015 | March 31, 2014 | |||||||||||||||||||||||||||||||
Troubled Debt Restructurings: | Number | Pre-Modification | Post- | Number | Pre-Modification | Post- | |||||||||||||||||||||||||||
of | Outstanding | Modification | of | Outstanding | Modification | ||||||||||||||||||||||||||||
Contracts | Recorded | Outstanding | Contracts | Recorded | Outstanding | ||||||||||||||||||||||||||||
Investment | Recorded | Investment | Recorded | ||||||||||||||||||||||||||||||
Investment | Investment | ||||||||||||||||||||||||||||||||
Originated loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | — | $ | — | $ | — | — | $ | — | $ | — | |||||||||||||||||||||||
Construction and land development | — | — | — | — | — | — | |||||||||||||||||||||||||||
Commercial real estate | — | — | 1 | 963 | 918 | ||||||||||||||||||||||||||||
Residential mortgages | 2 | 68 | 68 | 2 | 773 | 507 | |||||||||||||||||||||||||||
Consumer | 1 | 20 | 20 | — | — | — | |||||||||||||||||||||||||||
Total originated loans | 3 | $ | 88 | $ | 88 | 3 | $ | 1,736 | $ | 1,425 | |||||||||||||||||||||||
Acquired loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | — | $ | — | $ | — | — | $ | — | $ | — | |||||||||||||||||||||||
Construction and land development | — | — | — | — | — | — | |||||||||||||||||||||||||||
Commercial real estate | — | — | — | — | — | — | |||||||||||||||||||||||||||
Residential mortgages | — | — | — | — | — | — | |||||||||||||||||||||||||||
Consumer | — | — | — | — | — | — | |||||||||||||||||||||||||||
Total acquired loans | — | $ | — | $ | — | — | $ | — | $ | — | |||||||||||||||||||||||
FDIC acquired loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | — | $ | — | $ | — | — | $ | — | $ | — | |||||||||||||||||||||||
Construction and land development | — | — | — | — | — | — | |||||||||||||||||||||||||||
Commercial real estate | — | — | — | — | — | — | |||||||||||||||||||||||||||
Residential mortgages | — | — | — | — | — | — | |||||||||||||||||||||||||||
Consumer | — | — | — | — | — | — | |||||||||||||||||||||||||||
Total FDIC acquired loans | — | $ | — | $ | — | — | $ | — | $ | — | |||||||||||||||||||||||
Total loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | — | $ | — | $ | — | — | $ | — | $ | — | |||||||||||||||||||||||
Construction and land development | — | — | — | — | — | — | |||||||||||||||||||||||||||
Commercial real estate | — | — | — | 1 | 963 | 918 | |||||||||||||||||||||||||||
Residential mortgages | 2 | 68 | 68 | 2 | 773 | 507 | |||||||||||||||||||||||||||
Consumer | 1 | 20 | 20 | — | — | — | |||||||||||||||||||||||||||
Total loans | 3 | $ | 88 | $ | 88 | 3 | $ | 1,736 | $ | 1,425 | |||||||||||||||||||||||
The table below details TDRs that subsequently defaulted within twelve months of modification. | |||||||||||||||||||||||||||||||||
Three Months Ended | |||||||||||||||||||||||||||||||||
(in thousands) | 31-Mar-15 | 31-Mar-14 | |||||||||||||||||||||||||||||||
Troubled Debt Restructurings: | Number | Recorded | Number | Recorded | |||||||||||||||||||||||||||||
of | Investment | of | Investment | ||||||||||||||||||||||||||||||
Contracts | Contracts | ||||||||||||||||||||||||||||||||
Originated loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | — | $ | — | 1 | $ | 926 | |||||||||||||||||||||||||||
Construction and land development | — | — | — | — | |||||||||||||||||||||||||||||
Commercial real estate | — | — | — | — | |||||||||||||||||||||||||||||
Residential mortgages | — | — | — | — | |||||||||||||||||||||||||||||
Consumer | — | — | — | — | |||||||||||||||||||||||||||||
Total originated loans | — | $ | — | 1 | $ | 926 | |||||||||||||||||||||||||||
Acquired loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | — | $ | — | — | $ | — | |||||||||||||||||||||||||||
Construction and land development | — | — | — | — | |||||||||||||||||||||||||||||
Commercial real estate | — | — | — | — | |||||||||||||||||||||||||||||
Residential mortgages | — | — | — | — | |||||||||||||||||||||||||||||
Consumer | — | — | — | — | |||||||||||||||||||||||||||||
Total acquired loans | — | $ | — | — | $ | — | |||||||||||||||||||||||||||
FDIC acquired loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | — | $ | — | — | $ | — | |||||||||||||||||||||||||||
Construction and land development | — | — | — | — | |||||||||||||||||||||||||||||
Commercial real estate | — | — | — | — | |||||||||||||||||||||||||||||
Residential mortgages | — | — | — | — | |||||||||||||||||||||||||||||
Consumer | — | — | — | — | |||||||||||||||||||||||||||||
Total FDIC acquired loans | — | $ | — | — | $ | — | |||||||||||||||||||||||||||
Total loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | — | $ | — | 1 | $ | 926 | |||||||||||||||||||||||||||
Construction and land development | — | — | — | — | |||||||||||||||||||||||||||||
Commercial real estate | — | — | — | — | |||||||||||||||||||||||||||||
Residential mortgages | — | — | — | — | |||||||||||||||||||||||||||||
Consumer | — | — | — | — | |||||||||||||||||||||||||||||
Total loans | — | $ | — | 1 | $ | 926 | |||||||||||||||||||||||||||
Those loans that are determined to be impaired and have balances of $1 million or more are individually evaluated for impairment. The tables below present loans that are individually evaluated for impairment disaggregated by class at March 31, 2015 and December 31, 2014: | |||||||||||||||||||||||||||||||||
March 31, 2015 | Recorded | Unpaid | Related | Average | Interest | ||||||||||||||||||||||||||||
Investment | Principal | Allowance | Recorded | Income | |||||||||||||||||||||||||||||
(in thousands) | Balance | Investment | Recognized | ||||||||||||||||||||||||||||||
Originated loans: | |||||||||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | $ | 11,389 | $ | 11,893 | $ | — | $ | 7,196 | $ | — | |||||||||||||||||||||||
Construction and land development | 484 | 2,045 | — | 1,915 | — | ||||||||||||||||||||||||||||
Commercial real estate | 10,659 | 12,598 | — | 9,563 | 10 | ||||||||||||||||||||||||||||
Residential mortgages | 1,034 | 1,435 | — | 517 | 1 | ||||||||||||||||||||||||||||
Consumer | 101 | 101 | — | 51 | — | ||||||||||||||||||||||||||||
23,667 | 28,072 | — | 19,242 | 11 | |||||||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | $ | 3,177 | $ | 3,928 | $ | 529 | $ | 2,081 | 2 | ||||||||||||||||||||||||
Construction and land development | 3,897 | 4,555 | 71 | 4,401 | 32 | ||||||||||||||||||||||||||||
Commercial real estate | 6,551 | 6,556 | 147 | 5,103 | 17 | ||||||||||||||||||||||||||||
Residential mortgages | 1,389 | 1,900 | 88 | 2,023 | 11 | ||||||||||||||||||||||||||||
Consumer | 19 | 19 | 3 | 13 | 2 | ||||||||||||||||||||||||||||
15,033 | 16,958 | 838 | 13,621 | 64 | |||||||||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | 14,566 | 15,821 | 529 | $ | 9,277 | 2 | |||||||||||||||||||||||||||
Construction and land development | 4,381 | 6,600 | 71 | 6,316 | 32 | ||||||||||||||||||||||||||||
Commercial real estate | 17,210 | 19,154 | 147 | 14,666 | 27 | ||||||||||||||||||||||||||||
Residential mortgages | 2,423 | 3,335 | 88 | 2,540 | 12 | ||||||||||||||||||||||||||||
Consumer | 120 | 120 | 3 | 63 | 2 | ||||||||||||||||||||||||||||
Total originated loans | $ | 38,700 | $ | 45,030 | $ | 838 | $ | 32,862 | $ | 75 | |||||||||||||||||||||||
Acquired loans: | |||||||||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||||||||
Construction and land development | — | — | — | — | — | ||||||||||||||||||||||||||||
Commercial real estate | — | — | — | — | — | ||||||||||||||||||||||||||||
Residential mortgages | — | — | — | — | — | ||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | ||||||||||||||||||||||||||||
— | — | — | — | — | |||||||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | — | — | — | $ | — | — | |||||||||||||||||||||||||||
Construction and land development | — | — | — | — | — | ||||||||||||||||||||||||||||
Commercial real estate | 2,579 | 2,602 | 254 | 2,635 | — | ||||||||||||||||||||||||||||
Residential mortgages | — | — | — | — | — | ||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | ||||||||||||||||||||||||||||
2,579 | 2,602 | 254 | 2,635 | — | |||||||||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | — | — | — | $ | — | — | |||||||||||||||||||||||||||
Construction and land development | — | — | — | — | — | ||||||||||||||||||||||||||||
Commercial real estate | 2,579 | 2,602 | 254 | 2,635 | — | ||||||||||||||||||||||||||||
Residential mortgages | — | — | — | — | — | ||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | ||||||||||||||||||||||||||||
Total acquired loans | $ | 2,579 | $ | 2,602 | $ | 254 | $ | 2,635 | $ | — | |||||||||||||||||||||||
March 31, 2015 | Recorded | Unpaid | Related | Average | Interest | ||||||||||||||||||||||||||||
Investment | Principal | Allowance | Recorded | Income | |||||||||||||||||||||||||||||
(in thousands) | Balance | Investment | Recognized | ||||||||||||||||||||||||||||||
Total loans: | |||||||||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | $ | 11,389 | $ | 11,893 | $ | — | $ | 7,196 | $ | — | |||||||||||||||||||||||
Construction and land development | 484 | 2,045 | — | 1,915 | — | ||||||||||||||||||||||||||||
Commercial real estate | 10,659 | 12,598 | — | 9,563 | 10 | ||||||||||||||||||||||||||||
Residential mortgages | 1,034 | 1,435 | — | 517 | 1 | ||||||||||||||||||||||||||||
Consumer | 101 | 101 | — | 51 | — | ||||||||||||||||||||||||||||
23,667 | 28,072 | — | 19,242 | 11 | |||||||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | 3,177 | 3,928 | 529 | $ | 2,081 | 2 | |||||||||||||||||||||||||||
Construction and land development | 3,897 | 4,555 | 71 | 4,401 | 32 | ||||||||||||||||||||||||||||
Commercial real estate | 9,130 | 9,158 | 401 | 7,738 | 17 | ||||||||||||||||||||||||||||
Residential mortgages | 1,389 | 1,900 | 88 | 2,023 | 11 | ||||||||||||||||||||||||||||
Consumer | 19 | 19 | 3 | 13 | 2 | ||||||||||||||||||||||||||||
17,612 | 19,560 | 1,092 | 16,256 | 64 | |||||||||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | 14,566 | 15,821 | 529 | $ | 9,277 | 2 | |||||||||||||||||||||||||||
Construction and land development | 4,381 | 6,600 | 71 | 6,316 | 32 | ||||||||||||||||||||||||||||
Commercial real estate | 19,789 | 21,756 | 401 | 17,301 | 27 | ||||||||||||||||||||||||||||
Residential mortgages | 2,423 | 3,335 | 88 | 2,540 | 12 | ||||||||||||||||||||||||||||
Consumer | 120 | 120 | 3 | 63 | 2 | ||||||||||||||||||||||||||||
Total loans | $ | 41,279 | $ | 47,632 | $ | 1,092 | $ | 35,497 | $ | 75 | |||||||||||||||||||||||
December 31, 2014 | Recorded | Unpaid | Related | Average | Interest | ||||||||||||||||||||||||||||
Investment | Principal | Allowance | Recorded | Incsme | |||||||||||||||||||||||||||||
(in thousands) | Balance | Investment | Recsgnized | ||||||||||||||||||||||||||||||
Originated loans: | |||||||||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | $ | 3,003 | $ | 3,646 | $ | — | $ | 1,209 | $ | 51 | |||||||||||||||||||||||
Construction and land development | 3,345 | 6,486 | — | 3,330 | 142 | ||||||||||||||||||||||||||||
Commercial real estate | 8,467 | 10,575 | — | 8,461 | 331 | ||||||||||||||||||||||||||||
Residential mortgages | — | — | — | 88 | 3 | ||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | ||||||||||||||||||||||||||||
14,815 | 20,707 | — | 13,088 | 527 | |||||||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | 984 | 984 | 14 | 5,522 | 99 | ||||||||||||||||||||||||||||
Construction and land development | 4,905 | 4,906 | 19 | 6,660 | 137 | ||||||||||||||||||||||||||||
Commercial real estate | 3,654 | 3,654 | 11 | 7,500 | 109 | ||||||||||||||||||||||||||||
Residential mortgages | 2,656 | 3,311 | 330 | 2,204 | 50 | ||||||||||||||||||||||||||||
Consumer | 6 | 6 | 3 | 1 | — | ||||||||||||||||||||||||||||
12,205 | 12,861 | 377 | 21,887 | 395 | |||||||||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | 3,987 | 4,630 | 14 | 6,732 | 150 | ||||||||||||||||||||||||||||
Construction and land development | 8,250 | 11,392 | 19 | 9,990 | 279 | ||||||||||||||||||||||||||||
Commercial real estate | 12,121 | 14,229 | 11 | 15,961 | 439 | ||||||||||||||||||||||||||||
Residential mortgages | 2,656 | 3,311 | 330 | 2,292 | 53 | ||||||||||||||||||||||||||||
Consumer | 6 | 6 | 3 | 1 | — | ||||||||||||||||||||||||||||
Total originated loans | $ | 27,020 | $ | 33,568 | $ | 377 | $ | 34,976 | $ | 921 | |||||||||||||||||||||||
Acquired loans: | |||||||||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | $ | — | $ | — | $ | — | $ | 357 | $ | — | |||||||||||||||||||||||
Construction and land development | — | — | — | 121 | — | ||||||||||||||||||||||||||||
Commercial real estate | — | — | — | 311 | — | ||||||||||||||||||||||||||||
Residential mortgages | — | — | — | 88 | — | ||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | ||||||||||||||||||||||||||||
— | — | — | 877 | — | |||||||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | — | — | — | 1,059 | 122 | ||||||||||||||||||||||||||||
Construction and land development | — | — | — | 1,037 | 56 | ||||||||||||||||||||||||||||
Commercial real estate | 2,691 | 2,720 | 477 | 1,357 | 75 | ||||||||||||||||||||||||||||
Residential mortgages | — | — | — | — | — | ||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | ||||||||||||||||||||||||||||
2,691 | 2,720 | 477 | 3,453 | 253 | |||||||||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | — | — | — | 1,416 | 122 | ||||||||||||||||||||||||||||
Construction and land development | — | — | — | 1,158 | 56 | ||||||||||||||||||||||||||||
Commercial real estate | 2,691 | 2,720 | 477 | 1,668 | 75 | ||||||||||||||||||||||||||||
Residential mortgages | — | — | — | 88 | — | ||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | ||||||||||||||||||||||||||||
Total acquired loans | $ | 2,691 | $ | 2,720 | $ | 477 | $ | 4,330 | $ | 253 | |||||||||||||||||||||||
December 31, 2014 | Recorded | Unpaid | Related | Average | Interest | ||||||||||||||||||||||||||||
Investment | Principal | Allowance | Recorded | Incsme | |||||||||||||||||||||||||||||
(in thousands) | Balance | Investment | Recsgnized | ||||||||||||||||||||||||||||||
Total loans: | |||||||||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | $ | 3,003 | $ | 3,646 | $ | — | $ | 1,566 | $ | 51 | |||||||||||||||||||||||
Construction and land development | 3,345 | 6,486 | — | 3,451 | 142 | ||||||||||||||||||||||||||||
Commercial real estate | 8,467 | 10,575 | — | 8,772 | 331 | ||||||||||||||||||||||||||||
Residential mortgages | — | — | — | 176 | 3 | ||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | ||||||||||||||||||||||||||||
14,815 | 20,707 | — | 13,965 | 527 | |||||||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | 984 | 984 | 14 | 6,581 | 221 | ||||||||||||||||||||||||||||
Construction and land development | 4,905 | 4,906 | 19 | 7,697 | 193 | ||||||||||||||||||||||||||||
Commercial real estate | 6,345 | 6,374 | 488 | 8,857 | 184 | ||||||||||||||||||||||||||||
Residential mortgages | 2,656 | 3,311 | 330 | 2,204 | 50 | ||||||||||||||||||||||||||||
Consumer | 6 | 6 | 3 | 1 | — | ||||||||||||||||||||||||||||
14,896 | 15,581 | 854 | 25,340 | 648 | |||||||||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | 3,987 | 4,630 | 14 | 8,147 | 272 | ||||||||||||||||||||||||||||
Construction and land development | 8,250 | 11,392 | 19 | 11,148 | 335 | ||||||||||||||||||||||||||||
Commercial real estate | 14,812 | 16,949 | 488 | 17,629 | 515 | ||||||||||||||||||||||||||||
Residential mortgages | 2,656 | 3,311 | 330 | 2,380 | 53 | ||||||||||||||||||||||||||||
Consumer | 6 | 6 | 3 | 1 | — | ||||||||||||||||||||||||||||
Total loans | $ | 29,711 | $ | 36,288 | $ | 854 | $ | 39,305 | $ | 1,175 | |||||||||||||||||||||||
The following tables present the age analysis of past due loans at March 31, 2015 and December 31, 2014. FDIC acquired and acquired-impaired loans with an accretable yield are considered to be current in the table. | |||||||||||||||||||||||||||||||||
March 31, 2015 | 30-59 | 60-89 | Greater | Total past | Current | Total Loans | Recorded | ||||||||||||||||||||||||||
days past | days past | than 90 | due | investment | |||||||||||||||||||||||||||||
due | due | days past | > 90 days | ||||||||||||||||||||||||||||||
due | and still | ||||||||||||||||||||||||||||||||
accruing | |||||||||||||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||||||||||
Originated loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | $ | 4,969 | $ | 3,498 | $ | 8,692 | $ | 17,159 | $ | 5,844,728 | $ | 5,861,887 | $ | 1,114 | |||||||||||||||||||
Construction and land development | 4,014 | 741 | 4,777 | 9,532 | 1,077,917 | 1,087,449 | 768 | ||||||||||||||||||||||||||
Commercial real estate | 2,456 | 2,549 | 15,694 | 20,699 | 2,471,652 | 2,492,351 | 1,831 | ||||||||||||||||||||||||||
Residential mortgages | 21,365 | 2,062 | 7,072 | 30,499 | 1,705,534 | 1,736,033 | 1,067 | ||||||||||||||||||||||||||
Consumer | 11,631 | 1,994 | 2,992 | 16,617 | 1,726,193 | 1,742,810 | 879 | ||||||||||||||||||||||||||
Total | $ | 44,435 | $ | 10,844 | $ | 39,227 | $ | 94,506 | $ | 12,826,024 | $ | 12,920,530 | $ | 5,659 | |||||||||||||||||||
Acquired loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | $ | — | $ | — | $ | — | $ | — | $ | 118,260 | $ | 118,260 | $ | — | |||||||||||||||||||
Construction and land development | — | — | — | — | 14,579 | 14,579 | — | ||||||||||||||||||||||||||
Commercial real estate | 564 | 2,579 | 2,095 | 5,238 | 624,737 | 629,975 | 213 | ||||||||||||||||||||||||||
Residential mortgages | — | — | — | — | 2,485 | 2,485 | — | ||||||||||||||||||||||||||
Consumer | — | — | — | — | 25 | 25 | — | ||||||||||||||||||||||||||
Total | $ | 564 | $ | 2,579 | $ | 2,095 | $ | 5,238 | $ | 760,086 | $ | 765,324 | $ | 213 | |||||||||||||||||||
FDIC acquired loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | $ | — | $ | — | $ | — | $ | — | $ | 6,937 | $ | 6,937 | $ | — | |||||||||||||||||||
Construction and land development | — | — | 1,156 | 1,156 | 10,326 | 11,482 | — | ||||||||||||||||||||||||||
Commercial real estate | — | — | 433 | 433 | 27,344 | 27,777 | — | ||||||||||||||||||||||||||
Residential mortgages | — | — | — | — | 175,367 | 175,367 | — | ||||||||||||||||||||||||||
Consumer | — | — | — | — | 16,969 | 16,969 | — | ||||||||||||||||||||||||||
Total | $ | — | $ | — | $ | 1,589 | $ | 1,589 | $ | 236,943 | $ | 238,532 | $ | — | |||||||||||||||||||
Total loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | $ | 4,969 | $ | 3,498 | $ | 8,692 | $ | 17,159 | $ | 5,969,925 | $ | 5,987,084 | $ | 1,114 | |||||||||||||||||||
Construction and land development | 4,014 | 741 | 5,933 | 10,688 | 1,102,822 | 1,113,510 | 768 | ||||||||||||||||||||||||||
Commercial real estate | 3,020 | 5,128 | 18,222 | 26,370 | 3,123,733 | 3,150,103 | 2,044 | ||||||||||||||||||||||||||
Residential mortgages | 21,365 | 2,062 | 7,072 | 30,499 | 1,883,386 | 1,913,885 | 1,067 | ||||||||||||||||||||||||||
Consumer | 11,631 | 1,994 | 2,992 | 16,617 | 1,743,187 | 1,759,804 | 879 | ||||||||||||||||||||||||||
Total | $ | 44,999 | $ | 13,423 | $ | 42,911 | $ | 101,333 | $ | 13,823,053 | $ | 13,924,386 | $ | 5,872 | |||||||||||||||||||
December 31, 2014 | 30-59 | 60-89 | Greater | Total past | Current | Total Loans | Recorded | ||||||||||||||||||||||||||
days past | days past | than 90 | due | investment | |||||||||||||||||||||||||||||
due | due | days past | > 90 days | ||||||||||||||||||||||||||||||
due | and still | ||||||||||||||||||||||||||||||||
accruing | |||||||||||||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||||||||||
Originated loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | $ | 4,380 | $ | 1,742 | $ | 8,560 | $ | 14,682 | $ | 5,903,046 | $ | 5,917,728 | $ | 630 | |||||||||||||||||||
Construction and land development | 6,620 | 1,532 | 4,453 | 12,605 | 1,061,359 | 1,073,964 | 142 | ||||||||||||||||||||||||||
Commercial real estate | 6,527 | 2,964 | 13,234 | 22,725 | 2,405,470 | 2,428,195 | 696 | ||||||||||||||||||||||||||
Residential mortgages | 14,730 | 3,261 | 11,208 | 29,199 | 1,675,571 | 1,704,770 | 1,199 | ||||||||||||||||||||||||||
Consumer | 8,422 | 2,450 | 4,365 | 15,237 | 1,670,305 | 1,685,542 | 1,897 | ||||||||||||||||||||||||||
Total | $ | 40,679 | $ | 11,949 | $ | 41,820 | $ | 94,448 | $ | 12,715,751 | $ | 12,810,199 | $ | 4,564 | |||||||||||||||||||
Acquired loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | $ | — | $ | — | $ | — | $ | — | $ | 120,137 | $ | 120,137 | $ | — | |||||||||||||||||||
Construction and land development | 111 | — | — | 111 | 21,012 | 21,123 | — | ||||||||||||||||||||||||||
Commercial real estate | 3,861 | 282 | 1,591 | 5,734 | 682,311 | 688,045 | 261 | ||||||||||||||||||||||||||
Residential mortgages | — | — | — | — | 2,378 | 2,378 | — | ||||||||||||||||||||||||||
Consumer | — | — | — | — | 985 | 985 | — | ||||||||||||||||||||||||||
Total | $ | 3,972 | $ | 282 | $ | 1,591 | $ | 5,845 | $ | 826,823 | $ | 832,668 | $ | 261 | |||||||||||||||||||
FDIC acquired loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | $ | — | $ | — | $ | — | $ | — | $ | 6,195 | $ | 6,195 | $ | — | |||||||||||||||||||
Construction and land development | — | — | 1,103 | 1,103 | 10,571 | 11,674 | — | ||||||||||||||||||||||||||
Commercial real estate | — | — | 433 | 433 | 27,375 | 27,808 | — | ||||||||||||||||||||||||||
Residential mortgages | — | 272 | — | 272 | 186,761 | 187,033 | — | ||||||||||||||||||||||||||
Consumer | 1 | — | 34 | 35 | 19,664 | 19,699 | — | ||||||||||||||||||||||||||
Total | $ | 1 | $ | 272 | $ | 1,570 | $ | 1,843 | $ | 250,566 | $ | 252,409 | $ | — | |||||||||||||||||||
Total loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | $ | 4,380 | $ | 1,742 | $ | 8,560 | $ | 14,682 | $ | 6,029,378 | $ | 6,044,060 | $ | 630 | |||||||||||||||||||
Construction and land development | 6,731 | 1,532 | 5,556 | 13,819 | 1,092,942 | 1,106,761 | 142 | ||||||||||||||||||||||||||
Commercial real estate | 10,388 | 3,246 | 15,258 | 28,892 | 3,115,156 | 3,144,048 | 957 | ||||||||||||||||||||||||||
Residential mortgages | 14,730 | 3,533 | 11,208 | 29,471 | 1,864,710 | 1,894,181 | 1,199 | ||||||||||||||||||||||||||
Consumer | 8,423 | 2,450 | 4,399 | 15,272 | 1,690,954 | 1,706,226 | 1,897 | ||||||||||||||||||||||||||
Total | $ | 44,652 | $ | 12,503 | $ | 44,981 | $ | 102,136 | $ | 13,793,140 | $ | 13,895,276 | $ | 4,825 | |||||||||||||||||||
The following tables present the credit quality indicators of the Company’s various classes of loans at March 31, 2015 and December 31, 2014. | |||||||||||||||||||||||||||||||||
Commercial Non-Real Estate Credit Exposure | |||||||||||||||||||||||||||||||||
Credit Risk Profile by Internally Assigned Grade | |||||||||||||||||||||||||||||||||
(in thousands) | March 31, 2015 | December 31, 2014 | |||||||||||||||||||||||||||||||
Originated | Acquired | FDIC | Total | Originated | Acquired | FDIC | Total | ||||||||||||||||||||||||||
acquired | acquired | ||||||||||||||||||||||||||||||||
Grade: | |||||||||||||||||||||||||||||||||
Pass | $ | 5,438,058 | $ | 109,784 | $ | 2,892 | $ | 5,550,734 | $ | 5,577,827 | $ | 111,847 | $ | 2,027 | $ | 5,691,701 | |||||||||||||||||
Pass-Watch | 235,510 | 282 | 995 | 236,787 | 174,742 | 715 | 1,120 | 176,577 | |||||||||||||||||||||||||
Special Mention | 64,045 | 367 | — | 64,412 | 52,962 | 350 | — | 53,312 | |||||||||||||||||||||||||
Substandard | 124,219 | 7,827 | 3,021 | 135,067 | 112,153 | 7,225 | 3,017 | 122,395 | |||||||||||||||||||||||||
Doubtful | 40 | — | 29 | 69 | 44 | — | 31 | 75 | |||||||||||||||||||||||||
Loss | 15 | — | — | 15 | — | — | — | — | |||||||||||||||||||||||||
Total | $ | 5,861,887 | $ | 118,260 | $ | 6,937 | $ | 5,987,084 | $ | 5,917,728 | $ | 120,137 | $ | 6,195 | $ | 6,044,060 | |||||||||||||||||
Construction Credit Exposure | |||||||||||||||||||||||||||||||||
Credit Risk Profile Based on Payment Activity | |||||||||||||||||||||||||||||||||
(in thousands) | 31-Mar-15 | 31-Dec-14 | |||||||||||||||||||||||||||||||
Originated | Acquired | FDIC | Total | Originated | Acquired | FDIC | Total | ||||||||||||||||||||||||||
acquired | acquired | ||||||||||||||||||||||||||||||||
Grade: | |||||||||||||||||||||||||||||||||
Pass | $ | 1,032,054 | $ | 5,225 | $ | 2,750 | $ | 1,040,029 | $ | 1,012,128 | $ | 14,377 | $ | 2,468 | $ | 1,028,973 | |||||||||||||||||
Pass-Watch | 18,493 | 2,727 | 534 | 21,754 | 21,516 | 432 | 532 | 22,480 | |||||||||||||||||||||||||
Special Mention | 9,100 | 139 | 315 | 9,554 | 7,097 | 129 | 319 | 7,545 | |||||||||||||||||||||||||
Substandard | 27,802 | 6,488 | 7,883 | 42,173 | 33,223 | 6,185 | 8,355 | 47,763 | |||||||||||||||||||||||||
Total | $ | 1,087,449 | $ | 14,579 | $ | 11,482 | $ | 1,113,510 | $ | 1,073,964 | $ | 21,123 | $ | 11,674 | $ | 1,106,761 | |||||||||||||||||
Commercial Real Estate Credit Exposure | |||||||||||||||||||||||||||||||||
Credit Risk Profile by Internally Assigned Grade | |||||||||||||||||||||||||||||||||
(in thousands) | 31-Mar-15 | 31-Dec-14 | |||||||||||||||||||||||||||||||
Originated | Acquired | FDIC | Total | Originated | Acquired | FDIC | Total | ||||||||||||||||||||||||||
acquired | acquired | ||||||||||||||||||||||||||||||||
Grade: | |||||||||||||||||||||||||||||||||
Pass | $ | 2,316,577 | $ | 588,942 | $ | 5,869 | $ | 2,911,388 | $ | 2,241,391 | $ | 641,966 | $ | 4,139 | $ | 2,887,496 | |||||||||||||||||
Pass-Watch | 58,743 | 9,644 | 2,872 | 71,259 | 61,589 | 11,142 | 4,547 | 77,278 | |||||||||||||||||||||||||
Special Mention | 14,915 | 9,531 | 1,654 | 26,100 | 21,543 | 8,113 | 1,319 | 30,975 | |||||||||||||||||||||||||
Substandard | 102,097 | 21,858 | 17,382 | 141,337 | 103,651 | 26,824 | 17,803 | 148,278 | |||||||||||||||||||||||||
Doubtful | 19 | — | — | 19 | 21 | — | — | 21 | |||||||||||||||||||||||||
Total | $ | 2,492,351 | $ | 629,975 | $ | 27,777 | $ | 3,150,103 | $ | 2,428,195 | $ | 688,045 | $ | 27,808 | $ | 3,144,048 | |||||||||||||||||
Residential Mortgage Credit Exposure | |||||||||||||||||||||||||||||||||
Credit Risk Profile Based on Payment Activity and Accrual Status | |||||||||||||||||||||||||||||||||
(in thousands) | March 31, 2015 | December 31, 2014 | |||||||||||||||||||||||||||||||
Originated | Acquired | FDIC | Total | Originated | Acquired | FDIC | Total | ||||||||||||||||||||||||||
acquired | acquired | ||||||||||||||||||||||||||||||||
Performing | $ | 1,712,583 | $ | 2,485 | $ | 175,367 | $ | 1,890,435 | $ | 1,681,868 | $ | 2,378 | $ | 186,641 | $ | 1,870,887 | |||||||||||||||||
Nonperforming | 23,450 | — | — | 23,450 | 22,902 | — | 392 | 23,294 | |||||||||||||||||||||||||
Total | $ | 1,736,033 | $ | 2,485 | $ | 175,367 | $ | 1,913,885 | $ | 1,704,770 | $ | 2,378 | $ | 187,033 | $ | 1,894,181 | |||||||||||||||||
Consumer Credit Exposure | |||||||||||||||||||||||||||||||||
Credit Risk Profile Based on Payment Activity and Accrual Status | |||||||||||||||||||||||||||||||||
(in thousands) | March 31, 2015 | December 31, 2014 | |||||||||||||||||||||||||||||||
Originated | Acquired | FDIC | Total | Originated | Acquired | FDIC | Total | ||||||||||||||||||||||||||
acquired | acquired | ||||||||||||||||||||||||||||||||
Performing | $ | 1,736,438 | $ | 25 | $ | 16,969 | $ | 1,753,432 | $ | 1,678,069 | $ | 985 | $ | 19,525 | $ | 1,698,579 | |||||||||||||||||
Nonperforming | 6,372 | — | — | 6,372 | 7,473 | — | 174 | 7,647 | |||||||||||||||||||||||||
Total | $ | 1,742,810 | $ | 25 | $ | 16,969 | $ | 1,759,804 | $ | 1,685,542 | $ | 985 | $ | 19,699 | $ | 1,706,226 | |||||||||||||||||
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 – a criticized asset category defined as having potential weaknesses that deserve management’s close attention. If left uncorrected, these potential weaknesses may, at some future date, result in the deterioration of the repayment prospects for the credit or the institution’s credit position. Special mention credits are not considered part of the Classified credit categories and do not expose an institution to sufficient risk to warrant adverse classification. | ||||||||||||||||||||||||||||||||
• | Substandard – an asset that is inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged, if any. Assets so classified must have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. | ||||||||||||||||||||||||||||||||
• | Doubtful – an asset that has all the weaknesses inherent in one classified Substandard with the added characteristic that the weaknesses make collection nor liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. | ||||||||||||||||||||||||||||||||
• | Loss – credits classified as Loss are considered uncollectable and are charged off promptly once so classified. | ||||||||||||||||||||||||||||||||
Residential and Consumer: | |||||||||||||||||||||||||||||||||
• | Performing – loans on which payments of principal and interest are less than 90 days past due. | ||||||||||||||||||||||||||||||||
• | Nonperforming – a nonperforming loan is a loan that is in default or close to being in default and there are good reasons to doubt that payments will be made in full. All loans rated as nonaccrual loans are also classified as nonperforming. | ||||||||||||||||||||||||||||||||
Changes in the carrying amount of acquired-impaired loans and accretable yield are presented in the following table for the three months ended March 31, 2015 and the year ended December 31, 2014: | |||||||||||||||||||||||||||||||||
(in thousands) | March 31, 2015 | December 31, 2014 | |||||||||||||||||||||||||||||||
FDIC acquired | Acquired | FDIC acquired | Acquired | ||||||||||||||||||||||||||||||
Carrying | Accretable | Carrying | Accretable | Carrying | Accretable | Carrying | Accretable | ||||||||||||||||||||||||||
Amount of | Yield | Amount | Yield | Amount of | Yield | Amount | Yield | ||||||||||||||||||||||||||
Loans | of Loans | Loans | of Loans | ||||||||||||||||||||||||||||||
Balance at beginning of period | $ | 252,409 | $ | 112,788 | $ | 61,276 | $ | 74,668 | $ | 358,666 | $ | 122,715 | $ | 68,075 | $ | 131,370 | |||||||||||||||||
Payments received, net | (17,483 | ) | (371 | ) | (21,396 | ) | (9,036 | ) | (125,388 | ) | (1,071 | ) | (50,178 | ) | (32,855 | ) | |||||||||||||||||
Accretion | 3,606 | (3,606 | ) | 5,365 | (5,365 | ) | 19,131 | (19,131 | ) | 43,379 | (43,379 | ) | |||||||||||||||||||||
(Decrease) Increase in expected cash flows based on actual cash flows and changes in cash flow assumptions | — | (1,389 | ) | — | 87 | — | (1,137 | ) | — | (203 | ) | ||||||||||||||||||||||
Net transfers from nonaccretable difference to accretable yield | — | 150 | — | (2,265 | ) | — | 11,412 | — | 19,735 | ||||||||||||||||||||||||
Balance at end of period | $ | 238,532 | $ | 107,572 | $ | 45,245 | $ | 58,089 | $ | 252,409 | $ | 112,788 | $ | 61,276 | $ | 74,668 | |||||||||||||||||
Included in loans are $10.1 million and $13.7 million of consumer loans secured by single family residential mortgage real estate that are in process of foreclosure as of March 31, 2015 and December 31, 2014, respectively. Of these loans, $6.0 million and $8.1 million, respectively, are covered by an FDIC loss share agreement that provides significant protection against losses. Loans in process of foreclosure include those for which formal foreclosure proceedings are in process according to local requirements of the applicable jurisdiction. In addition to the single family residential real estate loans in process of foreclosure, the company also held $12.4 million and $12.7 million of foreclosed single family residential properties in other real estate owned as of March 31, 2015 and December 31, 2014, respectively. Of these foreclosed properties, $7.1 million and $8.2 million as of March 31, 2015 and December 31, 2014, respectively, are also covered by the FDIC loss share agreement. | |||||||||||||||||||||||||||||||||
LongTerm_Debt
Long-Term Debt | 3 Months Ended | ||||||||
Mar. 31, 2015 | |||||||||
Debt Disclosure [Abstract] | |||||||||
Long-Term Debt | Note 4. Long-Term Debt | ||||||||
Long-term debt consisted of the following: | |||||||||
(in thousands) | March 31, | December 31, | |||||||
2015 | 2014 | ||||||||
Subordinated notes payable maturing June 2045 | $ | 150,000 | $ | — | |||||
Subordinated notes payable maturing April 2017 | 98,011 | 98,011 | |||||||
Term note payable maturing December 2015 | 140,800 | 149,600 | |||||||
Other long-term debt | 127,196 | 126,760 | |||||||
Total long-term debt | $ | 516,007 | $ | 374,371 | |||||
On March 9, 2015, the Company completed the issuance of subordinated notes payable with an aggregate principal amount of $150 million. The notes mature on June 15, 2045 and accrue interest at a rate of 5.95% per annum, with quarterly interest payments beginning in June 2015. Subject to prior approval by the Federal Reserve, the Company may redeem the notes in whole or in part on any interest payment date on or after June 15, 2020. This debt qualifies as Tier 2 capital in the calculation of certain regulatory capital ratios. | |||||||||
The 5.875% fixed-rate subordinated notes maturing April 2017 had been issued by Whitney National Bank and were assumed by Hancock in the Whitney acquisition. As of March 31, 2015, 40% of the balance of these notes qualifies as capital in the calculation of certain regulatory capital ratios. The qualifying amount will be further reduced to 20% in the second quarter of 2015 and will no longer qualify as capital as of April 1, 2016. | |||||||||
On December 21, 2012, the Company entered into a three-year term loan agreement that provides for a $220 million term loan facility, all of which was borrowed on the closing date. The agreement also provides for up to $50 million in additional borrowings under the loan facility, subject to obtaining additional commitments from existing or new lenders and satisfaction of certain other conditions. Amounts borrowed under the loan facility bear interest at a variable rate based on LIBOR plus 1.875% per annum. The loan agreement requires quarterly principal payments of $8.8 million, and outstanding borrowings may be prepaid in whole or in part at any time prior to the December 21, 2015 maturity date without premium or penalty. | |||||||||
The Company and the Bank must satisfy certain financial covenants in the term loan agreement and is subject to other restrictions customary in financings of this nature, none of which is expected to adversely impact the operations of the Company. The financial covenants cover, among other things, the maintenance of minimum levels for regulatory capital ratios, consolidated net worth, consolidated return on assets, and holding company liquidity and dividend capacity, and specify a maximum ratio of consolidated nonperforming assets to consolidated total loans and other real estate, calculated without FDIC acquired assets. The Company was in compliance with all covenants as of March 31, 2015 and December 31, 2014. | |||||||||
Substantially all of the other long-term debt consists of borrowings associated with tax credit fund activities. Although these borrowings have indicated maturities beginning in the second quarter of 2015 through 2052, they are expected to be paid off at the end of their seven-year compliance period. |
Fair_Value
Fair Value | 3 Months Ended | ||||||||||||||||||||
Mar. 31, 2015 | |||||||||||||||||||||
Fair Value Disclosures [Abstract] | |||||||||||||||||||||
Fair Value | 5. Fair Value | ||||||||||||||||||||
The Financial Accounting Standards Board (“FASB”) defines fair value as the exchange price that would be received to sell an asset or paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The FASB’s guidance also established a fair value hierarchy that prioritizes the inputs to these valuation techniques used to measure fair value, giving preference to quoted prices in active markets for identical assets or liabilities (“level 1”) and the lowest priority to unobservable inputs such as a reporting entity’s own data (“level 3”). Level 2 inputs include quoted prices for similar assets or liabilities in active markets, quoted prices for identical assets or liabilities in markets that are not active, observable inputs other than quoted prices, such as interest rates and yield curves, and inputs that are derived principally from or corroborated by observable market data by correlation or other means. | |||||||||||||||||||||
Fair Value of Assets and Liabilities Measured on a Recurring Basis | |||||||||||||||||||||
The following tables present for each of the fair value hierarchy levels the Company’s assets and liabilities that are measured at fair value on a recurring basis in the consolidated balance sheets. | |||||||||||||||||||||
March 31, 2015 | |||||||||||||||||||||
(in thousands) | Level 1 | Level 2 | Total | ||||||||||||||||||
Assets | |||||||||||||||||||||
Available for sale debt securities: | |||||||||||||||||||||
U.S. Treasury and government agency securities | $ | — | $ | 99,416 | $ | 99,416 | |||||||||||||||
Municipal obligations | — | 12,965 | 12,965 | ||||||||||||||||||
Corporate debt securities | — | 3,500 | 3,500 | ||||||||||||||||||
Mortgage-backed securities | — | 1,474,789 | 1,474,789 | ||||||||||||||||||
Collateralized mortgage obligations | — | 232,112 | 232,112 | ||||||||||||||||||
Equity securities | 2,826 | — | 2,826 | ||||||||||||||||||
Total available for sale securities | 2,826 | 1,822,782 | 1,825,608 | ||||||||||||||||||
Derivative assets (1) | — | 28,562 | 28,562 | ||||||||||||||||||
Total recurring fair value measurements - assets | $ | 2,826 | $ | 1,851,344 | $ | 1,854,170 | |||||||||||||||
Liabilities | |||||||||||||||||||||
Derivative liabilities (1) | $ | — | $ | 29,379 | $ | 29,379 | |||||||||||||||
Total recurring fair value measurements - liabilities | $ | — | $ | 29,379 | $ | 29,379 | |||||||||||||||
-1 | For further disaggregation of derivative assets and liabilities, see Note 6 - Derivatives. | ||||||||||||||||||||
December 31, 2014 | |||||||||||||||||||||
(in thousands) | Level 1 | Level 2 | Total | ||||||||||||||||||
Assets | |||||||||||||||||||||
Available for sale debt securities: | |||||||||||||||||||||
U.S. Treasury and government agency securities | $ | — | $ | 300,508 | $ | 300,508 | |||||||||||||||
Municipal obligations | — | 14,176 | 14,176 | ||||||||||||||||||
Corporate debt securities | — | 3,500 | 3,500 | ||||||||||||||||||
Mortgage-backed securities | — | 1,245,564 | 1,245,564 | ||||||||||||||||||
Collateralized mortgage obligations | — | 86,864 | 86,864 | ||||||||||||||||||
Equity securities | 9,553 | — | 9,553 | ||||||||||||||||||
Total available for sale securities | 9,553 | 1,650,612 | 1,660,165 | ||||||||||||||||||
Derivative assets (1) | — | 19,432 | 19,432 | ||||||||||||||||||
Total recurring fair value measurements - assets | $ | 9,553 | $ | 1,670,044 | $ | 1,679,597 | |||||||||||||||
Liabilities | |||||||||||||||||||||
Derivative liabilities (1) | $ | — | $ | 20,860 | $ | 20,860 | |||||||||||||||
Total recurring fair value measurements - liabilities | $ | — | $ | 20,860 | $ | 20,860 | |||||||||||||||
-1 | For further disaggregation of derivative assets and liabilities, see Note 6 - Derivatives. | ||||||||||||||||||||
Securities classified as level 1 within the valuation hierarchy include U.S. Treasury securities and certain other debt and equity securities. Level 2 classified securities include U.S. Treasury securities, obligations of the U.S. Government-sponsored agencies, residential mortgage-backed securities and collateralized mortgage obligations that are issued or guaranteed by U.S. government agencies, and state and municipal bonds. The level 2 fair value measurements for investment securities are obtained quarterly from a third-party pricing service that uses industry-standard pricing models. Substantially all of the model inputs are observable in the marketplace or can be supported by observable data. | |||||||||||||||||||||
The Company invests only in high quality securities of investment grade quality with a targeted duration, for the overall portfolio, generally between two and five. Company policies generally limit investments to agency securities and municipal securities determined to be investment grade according to an internally generated score which generally includes a rating of not less than “Baa” or its equivalent by a nationally recognized statistical rating agency. There were no transfers between valuation hierarchy levels during the periods shown. | |||||||||||||||||||||
The fair value of derivative financial instruments, which are predominantly customer interest rate swaps, is obtained from a third-party pricing service that uses an industry-standard discounted cash flow model that relies on inputs, LIBOR swap curves and Overnight Index swap rate curves, observable in the marketplace. To comply with the accounting guidance, credit valuation adjustments are incorporated in the fair values to appropriately reflect nonperformance risk for both the Company and the counterparties. Although the Company has determined that the majority of the inputs used to value the derivative instruments fall within level 2 of the fair value hierarchy, the credit value adjustments utilize level 3 inputs, such as estimates of current credit spreads. The Company has determined that the impact of the credit valuation adjustments is not significant to the overall valuation of these derivatives. As a result, the Company has classified its derivative valuations in their entirety in level 2 of the fair value hierarchy. The Company’s policy is to measure counterparty credit risk quarterly for all derivative instruments, including those subject to master netting arrangements consistent with how market participants would price the net risk exposure at the measurement date. | |||||||||||||||||||||
The Company also has certain derivative instruments associated with the Bank’s mortgage-banking activities. These derivative instruments include interest rate lock commitments on prospective residential mortgage loans and forward commitments to sell these loans to investors on a best efforts delivery basis. The fair value of these derivative instruments is measured using observable market prices for similar instruments and is classified as a level 2 measurement. | |||||||||||||||||||||
Fair Value of Assets Measured on a Nonrecurring Basis | |||||||||||||||||||||
Certain assets and liabilities are measured at fair value on a nonrecurring basis. Collateral-dependent impaired loans are level 2 assets measured at the fair value of the underlying collateral based on independent third-party appraisals that take into consideration market-based information such as recent sales activity for similar assets in the property’s market. | |||||||||||||||||||||
Other real estate owned, including both foreclosed property and surplus banking property, are level 3 assets that are adjusted to fair value, less estimated selling costs, upon transfer to other real estate owned. Subsequently, other real estate owned is carried at the lower of carrying value or fair value less estimated selling costs. Fair values are determined by sales agreement or third-party appraisals as discounted for estimated selling costs, information from comparable sales, and marketability of the property. | |||||||||||||||||||||
The following tables present the Company’s financial assets that are measured at fair value on a nonrecurring basis for each of the fair value hierarchy levels. | |||||||||||||||||||||
March 31, 2015 | |||||||||||||||||||||
(in thousands) | Level 1 | Level 2 | Level 3 | Total | |||||||||||||||||
Collateral-dependent impaired loans | $ | — | $ | 33,818 | $ | — | $ | 33,818 | |||||||||||||
Other real estate owned | — | — | 18,414 | 18,414 | |||||||||||||||||
Total nonrecurring fair value measurements | $ | — | $ | 33,818 | $ | 18,414 | $ | 52,232 | |||||||||||||
December 31, 2014 | |||||||||||||||||||||
(in thousands) | Level 1 | Level 2 | Level 3 | Total | |||||||||||||||||
Collateral-dependent impaired loans | $ | — | $ | 30,204 | $ | — | $ | 30,204 | |||||||||||||
Other real estate owned | — | — | 29,715 | 29,715 | |||||||||||||||||
Total nonrecurring fair value measurements | $ | — | $ | 30,204 | $ | 29,715 | $ | 59,919 | |||||||||||||
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 in the note. The same measurement techniques were applied to the valuation of securities held to maturity. | |||||||||||||||||||||
Loans, Net – The fair value measurement for certain impaired loans was discussed earlier in the note. For the remaining portfolio, fair values were generally determined by discounting scheduled cash flows using discount rates determined with reference to current market rates at which loans with similar terms would be made to borrowers of similar credit quality. | |||||||||||||||||||||
Loans Held for Sale – These loans are recorded at fair value and carried at the lower of cost or market. The carrying amount is considered a reasonable estimate of fair value. | |||||||||||||||||||||
Deposits – The accounting guidance requires that the fair value of deposits with no stated maturity, such as noninterest-bearing demand deposits, interest-bearing checking and savings accounts, be assigned fair values equal to amounts payable upon demand (“carrying amounts”). The fair value of fixed-maturity certificates of deposit is estimated using the rates currently offered for deposits of similar remaining maturities. | |||||||||||||||||||||
Securities Sold under Agreements to Repurchase, Federal Funds Purchased, and FHLB Borrowings – For these short-term liabilities, the carrying amount is a reasonable estimate of fair value. | |||||||||||||||||||||
Long-Term Debt – The fair value is estimated by discounting the future contractual cash flows using current market rates at which debt with similar terms could be obtained. | |||||||||||||||||||||
Derivative Financial Instruments – The fair value measurement for derivative financial instruments was discussed earlier in the note. | |||||||||||||||||||||
The following tables present the estimated fair values of the Company’s financial instruments by fair value hierarchy levels and the corresponding carrying amount at March 31, 2015 and December 31, 2014: | |||||||||||||||||||||
March 31, 2015 | |||||||||||||||||||||
(in thousands) | Level 1 | Level 2 | Level 3 | Total Fair | Carrying | ||||||||||||||||
Value | Amount | ||||||||||||||||||||
Financial assets: | |||||||||||||||||||||
Cash, interest-bearing bank deposits, and federal funds sold | $ | 849,533 | $ | — | $ | — | $ | 849,533 | $ | 849,533 | |||||||||||
Available for sale securities | 2,826 | 1,822,782 | — | 1,825,608 | 1,825,608 | ||||||||||||||||
Held to maturity securities | — | 2,316,118 | — | 2,316,118 | 2,282,296 | ||||||||||||||||
Loans, net | — | 33,818 | 13,833,218 | 13,867,036 | 13,796,000 | ||||||||||||||||
Loans held for sale | — | 19,950 | — | 19,950 | 19,950 | ||||||||||||||||
Derivative financial instruments | — | 28,562 | — | 28,562 | 28,562 | ||||||||||||||||
Financial liabilities: | |||||||||||||||||||||
Deposits | $ | — | $ | — | $ | 16,430,295 | $ | 16,430,295 | $ | 16,860,485 | |||||||||||
Federal funds purchased | 11,175 | — | — | 11,175 | 11,175 | ||||||||||||||||
Securities sold under agreements to repurchase | 544,075 | — | — | 544,075 | 544,075 | ||||||||||||||||
FHLB borrowings | 200,000 | — | — | 200,000 | 200,000 | ||||||||||||||||
Long-term debt | — | 508,095 | — | 508,095 | 516,007 | ||||||||||||||||
Derivative financial instruments | — | 29,379 | — | 29,379 | 29,379 | ||||||||||||||||
December 31, 2014 | |||||||||||||||||||||
(in thousands) | Level 1 | Level 2 | Level 3 | Total Fair | Carrying | ||||||||||||||||
Value | Amount | ||||||||||||||||||||
Financial assets: | |||||||||||||||||||||
Cash, interest-bearing bankdeposits, and federal funds sold | $ | 1,159,403 | $ | — | $ | — | $ | 1,159,403 | $ | 1,159,403 | |||||||||||
Available for sale securities | 9,553 | 1,650,612 | — | 1,660,165 | 1,660,165 | ||||||||||||||||
Held to maturity securities | — | 2,186,340 | — | 2,186,340 | 2,166,289 | ||||||||||||||||
Loans, net | — | 30,204 | 13,672,427 | 13,702,631 | 13,766,514 | ||||||||||||||||
Loans held for sale | — | 20,252 | — | 20,252 | 20,252 | ||||||||||||||||
Derivative financial instruments | — | 19,432 | — | 19,432 | 19,432 | ||||||||||||||||
Financial liabilities: | |||||||||||||||||||||
Deposits | $ | — | $ | — | $ | 16,398,878 | $ | 16,398,878 | $ | 16,572,831 | |||||||||||
Federal funds purchased | 12,000 | — | — | 12,000 | 12,000 | ||||||||||||||||
Securities sold under agreements to repurchase | 624,573 | — | — | 624,573 | 624,573 | ||||||||||||||||
FHLB borrowings | 515,000 | — | — | — | 515,000 | ||||||||||||||||
Long-term debt | — | 346,379 | — | 346,379 | 374,371 | ||||||||||||||||
Derivative financial instruments | — | 20,860 | — | 20,860 | 20,860 |
Derivatives
Derivatives | 3 Months Ended | ||||||||||||||||||||||||||
Mar. 31, 2015 | |||||||||||||||||||||||||||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |||||||||||||||||||||||||||
Derivatives | 6. Derivatives | ||||||||||||||||||||||||||
Risk Management Objective of Using Derivatives | |||||||||||||||||||||||||||
The Company enters into derivative financial instruments to manage risks related to differences in the amount, timing, and duration of the Company’s known or expected cash receipts and its known or expected cash payments, currently related to our variable rate borrowing. The Bank has also entered into interest rate derivative agreements as a service to certain qualifying customers. The Bank manages a matched book with respect to these customer derivatives in order to minimize their net risk exposure resulting from such agreements. The Bank also enters into risk participation agreements under which they may either sell or buy credit risk associated with a customer’s performance under certain interest rate derivative contracts related to loans in which participation interests have been sold to or purchased from other banks. | |||||||||||||||||||||||||||
Fair Values of Derivative Instruments on the Balance Sheet | |||||||||||||||||||||||||||
The table below presents the notional amounts and fair values of the Company’s derivative financial instruments as well as their classification on the consolidated balance sheets as of March 31, 2015 and December 31, 2014. | |||||||||||||||||||||||||||
Fair Values (1) | |||||||||||||||||||||||||||
Type of | Notional Amounts | Assets | Liabilities | ||||||||||||||||||||||||
(in thousands) | Hedge | March 31, | December 31, | March 31, | December 31, | March 31, | December 31, | ||||||||||||||||||||
2015 | 2014 | 2015 | 2014 | 2015 | 2014 | ||||||||||||||||||||||
Derivatives designated as hedging instruments: | |||||||||||||||||||||||||||
Interest rate swaps | Cash Flow | $ | 300,000 | $ | 300,000 | $ | 399 | $ | — | $ | — | $ | 592 | ||||||||||||||
$ | 300,000 | $ | 300,000 | $ | 399 | $ | — | $ | — | $ | 592 | ||||||||||||||||
Derivatives not designated as hedging instruments: | |||||||||||||||||||||||||||
Interest rate swaps (2) | N/A | $ | 754,970 | $ | 747,754 | $ | 22,914 | $ | 17,806 | $ | 23,830 | $ | 18,419 | ||||||||||||||
Risk participation agreements | N/A | 79,887 | 80,438 | 127 | 125 | 241 | 208 | ||||||||||||||||||||
Forward commitments to sell residential mortgage loans | N/A | 70,421 | 52,238 | 55 | 80 | 764 | 250 | ||||||||||||||||||||
Interest rate-lock commitments on residential mortgage loans | N/A | 51,986 | 33,068 | 577 | 111 | 25 | 44 | ||||||||||||||||||||
Foreign exchange forward contracts | N/A | 68,756 | 89,432 | 4,490 | 1,310 | 4,519 | 1,347 | ||||||||||||||||||||
$ | 1,026,020 | $ | 1,002,930 | $ | 28,163 | $ | 19,432 | $ | 29,379 | $ | 20,268 | ||||||||||||||||
-1 | Derivative assets and liabilities are reported with other assets or other liabilities, respectively, in the consolidated balance sheets. | ||||||||||||||||||||||||||
-2 | The notional amount represents both the customer accommodation agreements and offsetting agreements with unrelated financial institutions. | ||||||||||||||||||||||||||
Cash Flow Hedges of Interest Rate Risk | |||||||||||||||||||||||||||
The Company is party to an interest rate swap agreement with a notional amount of $300 million under which the Company received interest at a fixed rate and paid at a variable rate. The derivative instrument represented by this swap agreement was designated as and qualifies as a cash flow hedge of the Company’s forecasted variable cash flows for a pool of variable rate loans. The swap agreement expires in January, 2017. | |||||||||||||||||||||||||||
During the term of the swap agreement, the effective portion of changes in the fair value of the derivative instrument is recorded in accumulated other comprehensive income (“AOCI”) and subsequently reclassified into earnings in the periods that the hedged forecasted variable-rate interest payments affects earnings. The impact on AOCI was insignificant in the first quarter of 2015. There was no ineffective portion of the change in fair value of the derivative recognized directly in earnings. | |||||||||||||||||||||||||||
Derivatives Not Designated as Hedges | |||||||||||||||||||||||||||
Customer interest rate derivative program | |||||||||||||||||||||||||||
The Bank enters into interest rate derivative agreements, primarily rate swaps, with commercial banking customers to facilitate their risk management strategies. The Bank enters into offsetting agreements with unrelated financial institutions, thereby mitigating its net risk exposure resulting from such transactions. Because the interest rate derivatives associated with this program do not meet hedge accounting requirements, changes in the fair value of both the customer derivatives and the offsetting derivatives are recognized directly in earnings. | |||||||||||||||||||||||||||
Risk participation agreements | |||||||||||||||||||||||||||
The Bank also enters into risk participation agreements under which it may either assume or sell credit risk associated with a borrower’s performance under certain interest rate derivative contracts. In those instances where the Bank has assumed credit risk, it is not a direct counterparty to the derivative contract with the borrower and has entered into the risk participation agreement because it is a party to the related loan agreement with the borrower. In those instances in which the Bank has sold credit risk, it is the sole counterparty to the derivative contract with the borrower and has entered into the risk participation agreement because other banks participate in the related loan agreement. The Bank manages their credit risk under risk participation agreements by monitoring the creditworthiness of the borrower, based on its normal credit review process. | |||||||||||||||||||||||||||
Mortgage banking derivatives | |||||||||||||||||||||||||||
The Bank also enters into certain derivative agreements as part of its mortgage banking activities. These agreements include interest rate lock commitments on prospective residential mortgage loans and forward commitments to sell these loans to investors on a best efforts delivery basis. | |||||||||||||||||||||||||||
Customer foreign exchange forward contract derivatives | |||||||||||||||||||||||||||
The Bank enters into foreign exchange forward derivative agreements, primarily forward currency contracts, with commercial banking customers to facilitate its risk management strategies. The Bank manages its risk exposure from such transactions by entering into offsetting agreements with unrelated financial institutions. Because the foreign exchange forward contract derivatives associated with this program do not meet hedge accounting requirements, changes in the fair value of both the customer derivatives and the offsetting derivatives are recognized directly in earnings. | |||||||||||||||||||||||||||
Effect of Derivative Instruments on the Income Statement | |||||||||||||||||||||||||||
The effect of the Company’s derivative financial instruments on the income statement was immaterial for the three-month periods ended March 31, 2015 and 2014. | |||||||||||||||||||||||||||
Credit risk-related Contingent Features | |||||||||||||||||||||||||||
Certain of the Bank’s derivative instruments contain provisions allowing the financial institution counterparty to terminate the contracts in certain circumstances, such as the downgrade of the Bank’s credit ratings below specified levels, a default by the Bank on its indebtedness, or the failure of the Bank to maintain specified minimum regulatory capital ratios or its regulatory status as a well-capitalized institution. These derivative agreements also contain provisions regarding the posting of collateral by each party. As of March 31, 2015, the aggregate fair value of derivative instruments with credit risk-related contingent features that were in a net liability position was $9.6 million, for which the Bank had posted collateral of $27.3 million. | |||||||||||||||||||||||||||
Offsetting Assets and Liabilities | |||||||||||||||||||||||||||
Offsetting information in regards to derivative assets and liabilities subject to master netting agreements at March 31, 2015 and December 31, 2014 is presented in the following tables: | |||||||||||||||||||||||||||
Gross | Gross | Net | Gross Amounts Not Offset in the | ||||||||||||||||||||||||
Amounts | Amounts | Amounts | Statement of Financial Position | ||||||||||||||||||||||||
Recognized | Offset in the | Presented | |||||||||||||||||||||||||
Statement of | in the | ||||||||||||||||||||||||||
Financial | Statement of | ||||||||||||||||||||||||||
Position | Financial | ||||||||||||||||||||||||||
(in thousands) | Position | Financial | Cash | Net | |||||||||||||||||||||||
Instruments | Collateral | Amount | |||||||||||||||||||||||||
As of March 31, 2015 | |||||||||||||||||||||||||||
Derivative Assets | $ | 23,041 | $ | — | $ | 23,041 | $ | 189 | $ | — | $ | 22,852 | |||||||||||||||
Total | $ | 23,041 | $ | — | $ | 23,041 | $ | 189 | $ | — | $ | 22,852 | |||||||||||||||
Derivative Liabilities | $ | 24,071 | $ | — | $ | 24,071 | $ | 189 | $ | 27,118 | $ | (3,236 | ) | ||||||||||||||
Total | $ | 24,071 | $ | — | $ | 24,071 | $ | 189 | $ | 27,118 | $ | (3,236 | ) | ||||||||||||||
As of December 31, 2014 | |||||||||||||||||||||||||||
Derivative Assets | $ | 17,931 | $ | — | $ | 17,931 | $ | 936 | $ | — | $ | 16,995 | |||||||||||||||
Total | $ | 17,931 | $ | — | $ | 17,931 | $ | 936 | $ | — | $ | 16,995 | |||||||||||||||
Derivative Liabilities | $ | 18,627 | $ | — | $ | 18,627 | $ | 936 | $ | 17,343 | $ | 348 | |||||||||||||||
Total | $ | 18,627 | $ | — | $ | 18,627 | $ | 936 | $ | 17,343 | $ | 348 | |||||||||||||||
Stockholders_Equity
Stockholders' Equity | 3 Months Ended | ||||||||||||||||||||
Mar. 31, 2015 | |||||||||||||||||||||
Equity [Abstract] | |||||||||||||||||||||
Stockholders' Equity | 7. Stockholders’ Equity | ||||||||||||||||||||
Stock Repurchase Program | |||||||||||||||||||||
In March 2015, the Company completed the stock repurchase program approved by the Company’s board of directors on July 16, 2014 which authorized the repurchase of up to 5%, or approximately 4 million shares, of its outstanding common stock. The approved plan allowed the Company to repurchase its common shares either in the open market in compliance with Rule 10b-18 promulgated under the Securities Exchange Act of 1934, as amended, or in privately negotiated transactions with non-affiliated sellers or as otherwise determined by the Company. Under this plan, the Company repurchased a total of 4.1 million shares of our common stock at an average price of $30.02 per share. | |||||||||||||||||||||
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. Net unrealized gains/losses on AFS securities reclassified as securities held to maturity (“HTM”) also continue to be reported as a component of AOCI and will be amortized over the estimated remaining life of the securities as an adjustment to interest income. The components of AOCI are reported net of related tax effects. | |||||||||||||||||||||
The components of AOCI and changes in those components are presented in the following table: | |||||||||||||||||||||
(in thousands) | Available | HTM | Employee | Loss on | Total | ||||||||||||||||
for Sale | Securities | Benefit | Effective | ||||||||||||||||||
Securities | Transferred | Plans | Cash | ||||||||||||||||||
from AFS | Flow | ||||||||||||||||||||
Hedges | |||||||||||||||||||||
Balance, December 31, 2013 | $ | 8,263 | $ | (21,189 | ) | $ | (22,453 | ) | $ | — | $ | (35,379 | ) | ||||||||
Other comprehensive income before income taxes: | |||||||||||||||||||||
Net change in unrealized (loss) gain | 4,514 | — | — | — | 4,514 | ||||||||||||||||
Reclassification of net losses realized and included in earnings | — | — | 53 | — | 53 | ||||||||||||||||
Amortization of unrealized net loss on securities transferred to HTM | — | 665 | — | — | 665 | ||||||||||||||||
Income tax expense | 1,598 | 225 | 19 | — | 1,842 | ||||||||||||||||
Balance, March 31, 2014 | $ | 11,179 | $ | (20,749 | ) | $ | (22,419 | ) | $ | — | $ | (31,989 | ) | ||||||||
Balance, December 31, 2014 | $ | 18,001 | $ | (19,074 | ) | $ | (48,626 | ) | $ | (375 | ) | $ | (50,074 | ) | |||||||
Other comprehensive income before income taxes: | |||||||||||||||||||||
Net change in unrealized gain | 4,421 | — | — | 992 | 5,413 | ||||||||||||||||
Reclassification of net losses realized and included in earnings | (165 | ) | — | 770 | — | 605 | |||||||||||||||
Amortization of unrealized net loss on securities transferred to HTM | — | 647 | — | — | 647 | ||||||||||||||||
Income tax expense | 1,481 | 238 | 280 | 361 | 2,360 | ||||||||||||||||
Balance, March 31, 2015 | $ | 20,776 | $ | (18,665 | ) | $ | (48,136 | ) | $ | 256 | $ | (45,769 | ) | ||||||||
The following table shows the line item affected by amounts reclassified from accumulated other comprehensive income: | |||||||||||||||||||||
Amount reclassified from AOCI | Three Months Ended | Increase (decrease) in | |||||||||||||||||||
March 31, | affected line item on the | ||||||||||||||||||||
(in thousands) | 2015 | 2014 | income statement | ||||||||||||||||||
Gain on sale of AFS securities | $ | 165 | $ | — | Securities gains (losses) | ||||||||||||||||
Tax effect | 58 | — | Income taxes | ||||||||||||||||||
Net of tax | 107 | — | Net income | ||||||||||||||||||
Amortization/accretion of unrealized net gain/(loss) on securities transferred to HTM | $ | 647 | $ | 665 | Interest income | ||||||||||||||||
Tax effect | 238 | 225 | Income taxes | ||||||||||||||||||
Net of tax | 409 | 440 | Net income | ||||||||||||||||||
Amortization of defined benefit pension and post-retirement items | $ | 770 | $ | 53 | (a) Employee benefits expense | ||||||||||||||||
Tax effect | 280 | 19 | Income taxes | ||||||||||||||||||
Net of tax | 490 | 34 | Net income | ||||||||||||||||||
Total reclassifications, net of tax | $ | 1,006 | $ | 474 | 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 Note 10 for additional details). |
Earnings_Per_Share
Earnings Per Share | 3 Months Ended | ||||||||
Mar. 31, 2015 | |||||||||
Earnings Per Share [Abstract] | |||||||||
Earnings Per Share | 8. Earnings Per Share | ||||||||
Hancock calculates earnings per share using the two-class method. The two-class method allocates net income to each class of common stock and participating security according to common dividends declared and participation rights in undistributed earnings. Participating securities consist of unvested stock-based payment awards that contain nonforfeitable rights to dividends or dividend equivalents. | |||||||||
A summary of the information used in the computation of earnings per common share follows: | |||||||||
Three Months Ended | |||||||||
March 31, | |||||||||
(in thousands, except per share data) | 2015 | 2014 | |||||||
Numerator: | |||||||||
Net income to common shareholders | $ | 40,159 | $ | 49,115 | |||||
Net income allocated to participating securities - basic and diluted | 935 | 1,081 | |||||||
Net income allocated to common shareholders - basic and diluted | $ | 39,224 | $ | 48,034 | |||||
Denominator: | |||||||||
Weighted-average common shares - basic | 79,496 | 82,277 | |||||||
Dilutive potential common shares | 165 | 257 | |||||||
Weighted-average common shares - diluted | 79,661 | 82,534 | |||||||
Earnings per common share: | |||||||||
Basic | $ | 0.49 | $ | 0.58 | |||||
Diluted | $ | 0.49 | $ | 0.58 | |||||
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 862,402 and 689,958, respectively, for the three months ended March 31, 2015 and March 31, 2014. |
ShareBased_Payment_Arrangement
Share-Based Payment Arrangements | 3 Months Ended | ||||||||||||||||
Mar. 31, 2015 | |||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |||||||||||||||||
Share-Based Payment Arrangements | 9. 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 12 to the consolidated financial statements in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014. | |||||||||||||||||
A summary of option activity for the three months ended March 31, 2015 is presented below: | |||||||||||||||||
Options | Number | Weighted | Weighted | Aggregate | |||||||||||||
of Shares | Average | Average | Intrinsic | ||||||||||||||
Exercise | Remaining | Value | |||||||||||||||
Price | Contractual | $0 | |||||||||||||||
Term | |||||||||||||||||
(Years) | |||||||||||||||||
Outstanding at January 1, 2015 | 933,750 | $ | 37.03 | ||||||||||||||
Exercised | — | — | |||||||||||||||
Cancelled/Forfeited | (11,473 | ) | 36.79 | ||||||||||||||
Expired | (75,480 | ) | 31.2 | ||||||||||||||
Outstanding at March 31, 2015 | 846,797 | $ | 37.55 | 4.4 | $ | 15 | |||||||||||
Exercisable at March 31, 2015 | 691,344 | $ | 39.2 | 3.8 | $ | 6 | |||||||||||
The total intrinsic value of options exercised during the three months ended March 31, 2015 and 2014 was $0.5 million and $0.2 million, respectively. | |||||||||||||||||
A summary of the status of the Company’s nonvested restricted and performance shares as of March 31, 2015 and changes during the three months ended March 31, 2015, is presented below. These restricted and performance shares are subject to service requirements. | |||||||||||||||||
Number of | Weighted | ||||||||||||||||
Shares | Average | ||||||||||||||||
Grant | |||||||||||||||||
Date Fair | |||||||||||||||||
Value | |||||||||||||||||
Nonvested at January 1, 2015 | 2,040,299 | $ | 32.27 | ||||||||||||||
Granted | 79,410 | 26.7 | |||||||||||||||
Vested | (19,136 | ) | 36.15 | ||||||||||||||
Forfeited | (63,796 | ) | 33.51 | ||||||||||||||
Nonvested at March 31, 2015 | 2,036,777 | $ | 31.98 | ||||||||||||||
As of March 31, 2015, there were $40.1 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 3.5 years. The total fair value of shares which vested during the three months ended March 31, 2015 and 2014 was $0.9 million and $0.8 million, respectively. | |||||||||||||||||
During the three months ended March 31, 2015, the Company granted 59,312 performance shares with a grant date fair value of $25.77 per share to key members of executive and senior management. The number of 2015 performance shares that ultimately vest at the end of the three-year required service period, if any, 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 | 3 Months Ended | ||||||||||||||||
Mar. 31, 2015 | |||||||||||||||||
Compensation and Retirement Disclosure [Abstract] | |||||||||||||||||
Retirement Plans | 10. Retirement Plans | ||||||||||||||||
The Company has a qualified defined benefit pension plan covering all eligible employees. Eligibility is based on minimum age-related and service-related requirements as well as job classification. Accrued benefits under a nonqualified plan covering certain legacy Whitney employees were frozen as of December 31, 2012 and no future benefits will be accrued under this plan. | |||||||||||||||||
The Company also sponsors defined benefit postretirement plans for both legacy Hancock and legacy Whitney employees that provide health care and life insurance benefits. Benefits under the Hancock plan are not available to employees hired on or after January 1, 2000. Benefits under the Whitney plan are restricted to retirees who were already receiving benefits at the time of plan amendments in 2007 or active participants who were eligible to receive benefits as of December 31, 2007. | |||||||||||||||||
The following table shows the components of net periodic benefits cost included in expense for the plans for the periods indicated: | |||||||||||||||||
Three Months Ended March 31, | |||||||||||||||||
(in thousands) | 2015 | 2014 | 2015 | 2014 | |||||||||||||
Pension benefits | Other Post- | ||||||||||||||||
retirement Benefits | |||||||||||||||||
Service cost | $ | 3,363 | $ | 3,425 | $ | 50 | $ | 37 | |||||||||
Interest cost | 4,619 | 4,809 | 369 | 338 | |||||||||||||
Expected return on plan assets | (8,213 | ) | (8,061 | ) | — | — | |||||||||||
Amortization of net loss | 644 | 8 | 125 | 157 | |||||||||||||
Net periodic benefit cost | $ | 413 | $ | 181 | $ | 544 | $ | 532 | |||||||||
Hancock contributed $10 million to the pension plan during the first quarter of 2015. Based on currently available information, the Company does not anticipate making any further contribution during the remainder of 2015. | |||||||||||||||||
The Company also provides a defined contribution 401(k) retirement benefit plan. Under the plan, the Company matches 100% of the first 1% of compensation saved by a participant, and 50% of the next 5% of compensation saved. |
Other_Noninterest_Income
Other Noninterest Income | 3 Months Ended | ||||||||
Mar. 31, 2015 | |||||||||
Equity [Abstract] | |||||||||
Other Noninterest Income | 11. Other Noninterest Income | ||||||||
Components of other noninterest income are as follows: | |||||||||
Three Months Ended | |||||||||
March 31, | |||||||||
(in thousands) | 2015 | 2014 | |||||||
Income from bank owned life insurance | $ | 2,666 | $ | 2,314 | |||||
Credit related fees | 2,457 | 2,732 | |||||||
(Loss) income from derivatives | (52 | ) | 759 | ||||||
Net gain on sale of assets | 7 | 1,682 | |||||||
Safety deposit box income | 486 | 513 | |||||||
Other miscellaneous | 2,680 | 2,427 | |||||||
Total other noninterest income | $ | 8,244 | $ | 10,427 | |||||
Other_Noninterest_Expense
Other Noninterest Expense | 3 Months Ended | ||||||||
Mar. 31, 2015 | |||||||||
Text Block [Abstract] | |||||||||
Other Noninterest Expense | 12. Other Noninterest Expense | ||||||||
Components of other noninterest expense are as follows: | |||||||||
Three Months Ended | |||||||||
March 31, | |||||||||
(in thousands) | 2015 | 2014 | |||||||
Advertising | $ | 2,165 | $ | 1,759 | |||||
Ad valorem and franchise taxes | 2,715 | 2,661 | |||||||
Printing and supplies | 1,217 | 1,031 | |||||||
Insurance expense | 922 | 1,040 | |||||||
Travel expense | 1,219 | 896 | |||||||
Entertainment and contributions | 1,639 | 1,412 | |||||||
Tax credit investment amortization | 2,095 | 2,172 | |||||||
Other miscellaneous | 2,834 | 4,846 | |||||||
Total other noninterest expense | $ | 14,806 | $ | 15,817 | |||||
New_Accounting_Pronouncements
New Accounting Pronouncements | 3 Months Ended |
Mar. 31, 2015 | |
Accounting Changes and Error Corrections [Abstract] | |
New Accounting Pronouncements | 13. New Accounting Pronouncements |
In April 2015, the FASB (Financial Accounting Standards Board) issued an Accounting Standard Update (“ASU”) to simplify presentation of debt issuance costs by requiring that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The amendments in this update are effective for public business entities for fiscal years beginning after December 15, 2015. Early adoption of the amendments in this update is permitted for financial statements that have not been previously issued. The adoption of this guidance is not expected to have a material impact on the Company’s financial condition or results of operations. | |
In January 2015, the FASB issued an ASU to address the elimination of the concept of extraordinary items. The standard is the first in the FASB’s simplification initiative that is aimed at reducing the cost and complexity of financial reporting while improving or maintaining the usefulness of information reported to investors. The amendments in this update are effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2015. Early adoption is permitted but adoption must occur at the beginning of the year. The Company adopted this guidance in January and it did not have a material impact on the Company’s financial condition or results of operations. | |
In August 2014, the FASB issued an ASU to address the diversity in practice regarding the classification and measurement of foreclosed loans which were part of a government-sponsored loan guarantee program (e.g. “HUD,” “FHA,” “VA”). The ASU outlines certain criteria that, if met, the loan (residential or commercial) should be derecognized and a separate other receivable should be recorded upon foreclosure at the amount of the loan balance (principal and interest) expected to be recovered from the guarantor. This ASU was effective for annual reporting periods beginning after December 15, 2014, including interim periods within that reporting period. The adoption of this guidance did not have a material impact on the Company’s financial condition or results of operations. | |
In June 2014, the FASB issued an ASU regarding repurchase-to-maturity transactions, repurchase financings, and disclosures. Under the new standard, repurchase-to-maturity transactions will be reported as secured borrowings, and transferors will no longer apply the current “linked” accounting model to repurchase agreements executed contemporaneously with the initial transfer of the underlying financial asset with the same counterparty. Public business entities are generally required to apply the accounting changes and comply with the enhanced disclosure requirements for periods beginning after December 15, 2014 and interim periods beginning after March 15, 2015. A public business entity may not early adopt the standard’s provisions. The adoption of this guidance did not have a material impact on the Company’s financial condition or results of operations. | |
In May 2014, the FASB issued an ASU regarding revenue from contracts with customers affecting any entity that enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets unless those contracts are within the scope of other standards. The core principle of this standard is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The standard will be effective for the Company for periods beginning after December 15, 2016. The Company is currently assessing this pronouncement and adoption of this guidance is not expected to have a material impact on the Company’s financial condition or results of operations. | |
In January 2014, the FASB issued an ASU on reclassification of residential real estate collateralized consumer mortgage loans upon foreclosure. The new ASU clarifies when an in substance repossession or foreclosure occurs – that is, when a creditor should be considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan such that the loan receivable should be derecognized and the real estate property recognized. The new ASU requires a creditor to reclassify a collateralized consumer mortgage loan to real estate property upon obtaining legal title to the real estate collateral, or the borrower voluntarily conveying all interest in the real estate property to the lender to satisfy the loan through a deed in lieu of foreclosure or similar legal agreement. The ASU is effective for interim and annual reporting periods beginning after December 15, 2014. The new disclosure requirements are included at the end of Note 3 - Loans and Allowance for Loan Losses. The adoption of this guidance did not have a material impact on the Company’s financial condition or results of operations. | |
In January 2014, the FASB issued an ASU in order to provide guidance on accounting for investments in flow-through limited liability entities that manage or invest in affordable housing projects that qualify for low-income housing tax credit (“LIHTC”). Through the Company’s investments in these entities, the Company receives tax credits and/or tax deductions from operating losses, which are allowable on the Company’s filed income tax returns over the life of the project beginning with the first year the tax credits are earned. The ASU was effective beginning with the Company’s first quarter ending March 31, 2015. The adoption of this guidance did not have a material impact to the financial condition, results of operations, or liquidity of the Company. |
Basis_of_Presentation_Policies
Basis of Presentation (Policies) | 3 Months Ended |
Mar. 31, 2015 | |
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. (“GAAP”) have been condensed or omitted in this Form 10-Q pursuant to Securities and Exchange Commission rules and regulations. These financial statements should be read in conjunction with the audited consolidated financial statements and the notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014. 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 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. |
Securities_Tables
Securities (Tables) | 3 Months Ended | ||||||||||||||||||||||||||||||||
Mar. 31, 2015 | |||||||||||||||||||||||||||||||||
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: | ||||||||||||||||||||||||||||||||
Securities Available for Sale | |||||||||||||||||||||||||||||||||
(in thousands) | March 31, 2015 | December 31, 2014 | |||||||||||||||||||||||||||||||
Amortized | Gross | Gross | Fair | Amortized | Gross | Gross | Fair | ||||||||||||||||||||||||||
Cost | Unrealized | Unrealized | Value | Cost | Unrealized | Unrealized | Value | ||||||||||||||||||||||||||
Gains | Losses | Gains | Losses | ||||||||||||||||||||||||||||||
US Treasury and government agency securities | $ | 100,182 | $ | — | $ | 766 | $ | 99,416 | $ | 300,207 | $ | 372 | $ | 71 | $ | 300,508 | |||||||||||||||||
Municipal obligations | 12,734 | 231 | — | 12,965 | 13,995 | 186 | 5 | 14,176 | |||||||||||||||||||||||||
Mortgage-backed securities | 1,441,474 | 35,262 | 1,947 | 1,474,789 | 1,217,293 | 31,094 | 2,823 | 1,245,564 | |||||||||||||||||||||||||
CMOs | 232,545 | 378 | 811 | 232,112 | 88,093 | — | 1,229 | 86,864 | |||||||||||||||||||||||||
Corporate debt securities | 3,500 | — | — | 3,500 | 3,500 | — | — | 3,500 | |||||||||||||||||||||||||
Equity securities | 2,512 | 322 | 8 | 2,826 | 8,673 | 891 | 11 | 9,553 | |||||||||||||||||||||||||
$ | 1,792,947 | $ | 36,193 | $ | 3,532 | $ | 1,825,608 | $ | 1,631,761 | $ | 32,543 | $ | 4,139 | $ | 1,660,165 | ||||||||||||||||||
Amortized Cost and Fair Value of Held to Maturity Securities | |||||||||||||||||||||||||||||||||
Securities Held to Maturity | |||||||||||||||||||||||||||||||||
(in thousands) | 31-Mar-15 | 31-Dec-14 | |||||||||||||||||||||||||||||||
Amortized | Gross | Gross | Fair | Amortized | Gross | Gross | Fair Value | ||||||||||||||||||||||||||
Cost | Unrealized | Unrealized | Value | Cost | Unrealized | Unrealized | |||||||||||||||||||||||||||
Gains | Losses | Gains | Losse | ||||||||||||||||||||||||||||||
US Treasury and government agency securities | $ | 200,000 | $ | 99 | $ | 149 | 199,950 | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||
Municipal obligations | 183,206 | 4,003 | 634 | 186,575 | 180,615 | 3,416 | 1,144 | 182,887 | |||||||||||||||||||||||||
Mortgage-backed securities | 873,729 | 28,061 | — | 901,790 | 899,923 | 23,897 | 162 | 923,658 | |||||||||||||||||||||||||
CMOs | 1,025,361 | 8,443 | 6,001 | 1,027,803 | 1,085,751 | 5,590 | 11,546 | 1,079,795 | |||||||||||||||||||||||||
$ | 2,282,296 | $ | 40,606 | $ | 6,784 | $ | 2,316,118 | $ | 2,166,289 | $ | 32,903 | $ | 12,852 | $ | 2,186,340 | ||||||||||||||||||
Available for Sale Securities Unrealized Losses | The details for securities classified as available for sale with unrealized losses for the periods indicated follow: | ||||||||||||||||||||||||||||||||
March 31, 2015 | Losses < 12 months | Losses 12 months or > | Total | ||||||||||||||||||||||||||||||
(in thousands) | Fair Value | Gross | Fair Value | Gross | Fair Value | Unrealized | |||||||||||||||||||||||||||
Unrealized | Unrealized | Gross | |||||||||||||||||||||||||||||||
Losses | Losses | Losses | |||||||||||||||||||||||||||||||
US Treasury and government agency securities | $ | 99,249 | $ | 765 | $ | 106 | $ | 1 | $ | 99,355 | $ | 766 | |||||||||||||||||||||
Mortgage-backed securities | 23,484 | 152 | 124,102 | 1,795 | 147,586 | 1,947 | |||||||||||||||||||||||||||
CMOs | 104,199 | 105 | 37,979 | 706 | 142,178 | 811 | |||||||||||||||||||||||||||
Equity securities | 1,848 | 6 | 2 | 2 | 1,850 | 8 | |||||||||||||||||||||||||||
$ | 228,780 | $ | 1,028 | $ | 162,189 | $ | 2,504 | $ | 390,969 | $ | 3,532 | ||||||||||||||||||||||
December 31, 2014 | Losses < 12 months | Losses 12 months or > | Total | ||||||||||||||||||||||||||||||
(in thousands) | Fair Value | Gross | Fair Value | Gross | Fair Value | Gross | |||||||||||||||||||||||||||
Unrealized | Unrealized | Unrealized | |||||||||||||||||||||||||||||||
Losses | Losses | Losses | |||||||||||||||||||||||||||||||
US Treasury and government agency securities | $ | 99,950 | $ | 70 | $ | 121 | $ | 1 | $ | 100,071 | $ | 71 | |||||||||||||||||||||
Municipal obligations | 2,995 | 5 | — | — | 2,995 | 5 | |||||||||||||||||||||||||||
Mortgage-backed securities | 38,955 | 163 | 125,641 | 2,660 | 164,596 | 2,823 | |||||||||||||||||||||||||||
CMOs | — | — | 86,864 | 1,229 | 86,864 | 1,229 | |||||||||||||||||||||||||||
Equity securities | 5,998 | 10 | 3 | 1 | 6,001 | 11 | |||||||||||||||||||||||||||
$ | 147,898 | $ | 248 | $ | 212,629 | $ | 3,891 | $ | 360,527 | $ | 4,139 | ||||||||||||||||||||||
Held to Maturity with Unrealized Losses | The details for securities classified as held to maturity with unrealized losses for the periods indicated follow: | ||||||||||||||||||||||||||||||||
Held to maturity | Losses < 12 months | Losses 12 months or > | Total | ||||||||||||||||||||||||||||||
March 31, 2015 | |||||||||||||||||||||||||||||||||
(in thousands) | Fair Value | Gross | Fair Value | Gross | Fair Value | Gross | |||||||||||||||||||||||||||
Unrealized | Unrealized | Unrealized | |||||||||||||||||||||||||||||||
Losses | Losses | Losses | |||||||||||||||||||||||||||||||
US Treasury and government agency securities | $ | 99,851 | $ | 149 | $ | — | $ | — | $ | 99,851 | $ | 149 | |||||||||||||||||||||
Municipal obligations | 8,757 | 17 | 49,110 | 617 | 57,867 | 634 | |||||||||||||||||||||||||||
CMOs | 84,621 | 429 | 387,944 | 5,572 | 472,565 | 6,001 | |||||||||||||||||||||||||||
$ | 193,229 | $ | 595 | $ | 437,054 | $ | 6,189 | $ | 630,283 | $ | 6,784 | ||||||||||||||||||||||
Held to maturity | Losses < 12 months | Losses 12 months or > | Total | ||||||||||||||||||||||||||||||
December 31, 2014 | |||||||||||||||||||||||||||||||||
(in thousands) | Fair Value | Gross | Fair Value | Gross | Fair Value | Gross | |||||||||||||||||||||||||||
Unrealized | Unrealized | Unrealized | |||||||||||||||||||||||||||||||
Losses | Losses | Losses | |||||||||||||||||||||||||||||||
Municipal obligations | $ | 4,316 | $ | 12 | $ | 58,105 | $ | 1,132 | $ | 62,421 | $ | 1,144 | |||||||||||||||||||||
Mortgage-backed securities | — | — | 95,522 | 162 | 95,522 | 162 | |||||||||||||||||||||||||||
CMOs | 119,222 | 616 | 540,607 | 10,930 | 659,829 | 11,546 | |||||||||||||||||||||||||||
$ | 123,538 | $ | 628 | $ | 694,234 | $ | 12,224 | $ | 817,772 | $ | 12,852 | ||||||||||||||||||||||
Available for Sale Securities [Member] | |||||||||||||||||||||||||||||||||
Amortized Cost and Fair Value of Available for Sale Securities by Final Contractual Maturity | The following table presents the amortized cost and fair value of debt securities at March 31, 2015 by contractual maturity. Actual maturities will differ from contractual maturities because of rights to call or repay obligations with or without penalties and scheduled and unscheduled principal payments on mortgage-backed securities and CMOs. | ||||||||||||||||||||||||||||||||
(in thousands) | Amortized | Fair | |||||||||||||||||||||||||||||||
Cost | Value | ||||||||||||||||||||||||||||||||
Debt Securities Available for Sale | |||||||||||||||||||||||||||||||||
Due in one year or less | $ | 105,262 | $ | 104,516 | |||||||||||||||||||||||||||||
Due after one year through five years | 136,962 | 138,138 | |||||||||||||||||||||||||||||||
Due after five years through ten years | 232,151 | 240,235 | |||||||||||||||||||||||||||||||
Due after ten years | 1,316,060 | 1,339,893 | |||||||||||||||||||||||||||||||
Total available for sale debt securities | $ | 1,790,435 | $ | 1,822,782 | |||||||||||||||||||||||||||||
Held to Maturity Securities Transferred from AFS [Member] | |||||||||||||||||||||||||||||||||
Amortized Cost and Fair Value of Available for Sale Securities by Final Contractual Maturity | Amortized | Fair | |||||||||||||||||||||||||||||||
Cost | Value | ||||||||||||||||||||||||||||||||
Debt Securities Held to Maturity | |||||||||||||||||||||||||||||||||
Due in one year or less | $ | 425,253 | $ | 427,208 | |||||||||||||||||||||||||||||
Due after one year through five years | 387,765 | 386,448 | |||||||||||||||||||||||||||||||
Due after five years through ten years | 108,198 | 108,110 | |||||||||||||||||||||||||||||||
Due after ten years | 1,361,080 | 1,394,352 | |||||||||||||||||||||||||||||||
Total held to maturity securities | $ | 2,282,296 | $ | 2,316,118 | |||||||||||||||||||||||||||||
Loans_and_Allowance_for_Loan_L1
Loans and Allowance for Loan Losses (Tables) | 3 Months Ended | ||||||||||||||||||||||||||||||||
Mar. 31, 2015 | |||||||||||||||||||||||||||||||||
Loans, Net of Unearned Income | Loans, net of unearned income, consisted of the following: | ||||||||||||||||||||||||||||||||
(in thousands) | March 31, | December 31, | |||||||||||||||||||||||||||||||
2015 | 2014 | ||||||||||||||||||||||||||||||||
Originated loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | $ | 5,861,887 | $ | 5,917,728 | |||||||||||||||||||||||||||||
Construction and land development | 1,087,449 | 1,073,964 | |||||||||||||||||||||||||||||||
Commercial real estate | 2,492,351 | 2,428,195 | |||||||||||||||||||||||||||||||
Residential mortgages | 1,736,033 | 1,704,770 | |||||||||||||||||||||||||||||||
Consumer | 1,742,810 | 1,685,542 | |||||||||||||||||||||||||||||||
Total originated loans | $ | 12,920,530 | $ | 12,810,199 | |||||||||||||||||||||||||||||
Acquired loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | $ | 118,260 | $ | 120,137 | |||||||||||||||||||||||||||||
Construction and land development | 14,579 | 21,123 | |||||||||||||||||||||||||||||||
Commercial real estate | 629,975 | 688,045 | |||||||||||||||||||||||||||||||
Residential mortgages | 2,485 | 2,378 | |||||||||||||||||||||||||||||||
Consumer | 25 | 985 | |||||||||||||||||||||||||||||||
Total acquired loans | $ | 765,324 | $ | 832,668 | |||||||||||||||||||||||||||||
FDIC acquired loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | $ | 6,937 | $ | 6,195 | |||||||||||||||||||||||||||||
Construction and land development | 11,482 | 11,674 | |||||||||||||||||||||||||||||||
Commercial real estate | 27,777 | 27,808 | |||||||||||||||||||||||||||||||
Residential mortgages | 175,367 | 187,033 | |||||||||||||||||||||||||||||||
Consumer | 16,969 | 19,699 | |||||||||||||||||||||||||||||||
Total FDIC acquired loans | $ | 238,532 | $ | 252,409 | |||||||||||||||||||||||||||||
Total loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | $ | 5,987,084 | $ | 6,044,060 | |||||||||||||||||||||||||||||
Construction and land development | 1,113,510 | 1,106,761 | |||||||||||||||||||||||||||||||
Commercial real estate | 3,150,103 | 3,144,048 | |||||||||||||||||||||||||||||||
Residential mortgages | 1,913,885 | 1,894,181 | |||||||||||||||||||||||||||||||
Consumer | 1,759,804 | 1,706,226 | |||||||||||||||||||||||||||||||
Total loans | $ | 13,924,386 | $ | 13,895,276 | |||||||||||||||||||||||||||||
Schedule of Activity in Loss Share Receivable | The following schedule shows activity in the loss share receivable for the three months ended March 31, 2015 and 2014: | ||||||||||||||||||||||||||||||||
Three Months Ended | |||||||||||||||||||||||||||||||||
(in thousands) | March 31, | March 31, | |||||||||||||||||||||||||||||||
2015 | 2014 | ||||||||||||||||||||||||||||||||
Balance, January 1 | $ | 60,272 | $ | 113,834 | |||||||||||||||||||||||||||||
Amortization | (1,197 | ) | (3,908 | ) | |||||||||||||||||||||||||||||
Charge-offs, write-downs and other recoveries | (1,475 | ) | (452 | ) | |||||||||||||||||||||||||||||
External expenses qualifying under loss share agreement | 298 | 1,848 | |||||||||||||||||||||||||||||||
Changes due to changes in cash flow projections | (421 | ) | (6,853 | ) | |||||||||||||||||||||||||||||
Net payments from FDIC | (7,580 | ) | — | ||||||||||||||||||||||||||||||
Ending balance | $ | 49,897 | $ | 104,469 | |||||||||||||||||||||||||||||
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 three months ended March 31, 2015 and 2014 as well as the corresponding recorded investment in loans at the end of each period. | ||||||||||||||||||||||||||||||||
(in thousands) | Commercial | Construction | Commercial | Residential | Consumer | Total | |||||||||||||||||||||||||||
non-real | and land | real estate | mortgages | ||||||||||||||||||||||||||||||
estate | development | ||||||||||||||||||||||||||||||||
Three Months Ended March 31, 2015 | |||||||||||||||||||||||||||||||||
Originated loans | |||||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||
Beginning balance | $ | 50,258 | $ | 5,413 | $ | 16,544 | $ | 8,051 | $ | 17,435 | $ | 97,701 | |||||||||||||||||||||
Charge-offs | (1,697 | ) | (747 | ) | (251 | ) | (1,209 | ) | (3,556 | ) | (7,460 | ) | |||||||||||||||||||||
Recoveries | 981 | 1,243 | (3 | ) | 305 | 1,280 | 3,806 | ||||||||||||||||||||||||||
Net provision for loan losses | 6,754 | (1,500 | ) | (966 | ) | 738 | 1,421 | 6,447 | |||||||||||||||||||||||||
Ending balance | $ | 56,296 | $ | 4,409 | $ | 15,324 | $ | 7,885 | $ | 16,580 | $ | 100,494 | |||||||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 529 | $ | 71 | $ | 147 | $ | 88 | $ | 3 | $ | 838 | |||||||||||||||||||||
Collectively evaluated for impairment | 55,767 | 4,338 | 15,177 | 7,797 | 16,577 | 99,656 | |||||||||||||||||||||||||||
Loans: | |||||||||||||||||||||||||||||||||
Ending balance: | $ | 5,861,887 | $ | 1,087,449 | $ | 2,492,351 | $ | 1,736,033 | $ | 1,742,810 | $ | 12,920,530 | |||||||||||||||||||||
Individually evaluated for impairment | 14,566 | 4,381 | 17,210 | 2,423 | 120 | 38,700 | |||||||||||||||||||||||||||
Collectively evaluated for impairment | 5,847,321 | 1,083,068 | 2,475,141 | 1,733,610 | 1,742,690 | 12,881,830 | |||||||||||||||||||||||||||
Acquired loans | |||||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||
Beginning balance | $ | — | $ | — | $ | 477 | $ | — | $ | — | $ | 477 | |||||||||||||||||||||
Charge-offs | — | — | — | — | — | — | |||||||||||||||||||||||||||
Recoveries | — | — | — | — | — | — | |||||||||||||||||||||||||||
Net provision for loan losses | — | — | (223 | ) | — | — | (223 | ) | |||||||||||||||||||||||||
Ending balance | $ | — | $ | — | $ | 254 | $ | — | $ | — | $ | 254 | |||||||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | — | $ | — | $ | 254 | $ | — | $ | — | $ | 254 | |||||||||||||||||||||
Amounts related to acquired-impaired loans | — | — | — | — | — | — | |||||||||||||||||||||||||||
Collectively evaluated for impairment | — | — | — | — | — | — | |||||||||||||||||||||||||||
Loans: | |||||||||||||||||||||||||||||||||
Ending balance: | $ | 118,260 | $ | 14,579 | $ | 629,975 | $ | 2,485 | $ | 25 | $ | 765,324 | |||||||||||||||||||||
Individually evaluated for impairment | — | — | 2,579 | — | — | 2,579 | |||||||||||||||||||||||||||
Acquired-impaired loans | 8,708 | 12,801 | 21,226 | 2,485 | 25 | 45,245 | |||||||||||||||||||||||||||
Collectively evaluated for impairment | 109,552 | 1,778 | 606,170 | — | — | 717,500 | |||||||||||||||||||||||||||
(in thousands) | Commercial | Construction | Commercial | Residential | Consumer | Total | |||||||||||||||||||||||||||
non-real | and land | real estate | mortgages | ||||||||||||||||||||||||||||||
estate | development | ||||||||||||||||||||||||||||||||
Three Months Ended March 31, 2015 | |||||||||||||||||||||||||||||||||
FDIC acquired loans | |||||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||
Beginning balance | $ | 911 | $ | 1,008 | $ | 4,061 | $ | 20,609 | $ | 3,995 | $ | 30,584 | |||||||||||||||||||||
Charge-offs | (127 | ) | (276 | ) | (2,368 | ) | (93 | ) | (140 | ) | (3,004 | ) | |||||||||||||||||||||
Recoveries | 14 | 406 | 113 | — | 16 | 549 | |||||||||||||||||||||||||||
Net provision for loan losses | (2 | ) | (6 | ) | 202 | (195 | ) | (69 | ) | (70 | ) | ||||||||||||||||||||||
(Decrease) increase in FDIC loss share receivable | (13 | ) | (34 | ) | 1,207 | (1,171 | ) | (410 | ) | (421 | ) | ||||||||||||||||||||||
Ending balance | $ | 783 | $ | 1,098 | $ | 3,215 | $ | 19,150 | $ | 3,392 | $ | 27,638 | |||||||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||||||
Amounts related to acquired-impaired loans | 783 | 1,098 | 3,215 | 19,150 | 3,392 | 27,638 | |||||||||||||||||||||||||||
Collectively evaluated for impairment | — | — | — | — | — | — | |||||||||||||||||||||||||||
Loans: | |||||||||||||||||||||||||||||||||
Ending balance: | $ | 6,937 | $ | 11,482 | $ | 27,777 | $ | 175,367 | $ | 16,969 | $ | 238,532 | |||||||||||||||||||||
Individually evaluated for impairment | — | — | — | — | — | — | |||||||||||||||||||||||||||
Acquired-impaired loans | 6,937 | 11,482 | 27,777 | 175,367 | 16,969 | 238,532 | |||||||||||||||||||||||||||
Collectively evaluated for impairment | — | — | — | — | — | — | |||||||||||||||||||||||||||
Total loans | |||||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||
Beginning balance | $ | 51,169 | $ | 6,421 | $ | 21,082 | $ | 28,660 | $ | 21,430 | $ | 128,762 | |||||||||||||||||||||
Charge-offs | (1,824 | ) | (1,023 | ) | (2,619 | ) | (1,302 | ) | (3,696 | ) | (10,464 | ) | |||||||||||||||||||||
Recoveries | 995 | 1,649 | 110 | 305 | 1,296 | 4,355 | |||||||||||||||||||||||||||
Net provision for loan losses | 6,752 | (1,506 | ) | (987 | ) | 543 | 1,352 | 6,154 | |||||||||||||||||||||||||
(Decrease) increase in FDIC loss share receivable | (13 | ) | (34 | ) | 1,207 | (1,171 | ) | (410 | ) | (421 | ) | ||||||||||||||||||||||
Ending balance | $ | 57,079 | $ | 5,507 | $ | 18,793 | $ | 27,035 | $ | 19,972 | $ | 128,386 | |||||||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 529 | $ | 71 | $ | 401 | $ | 88 | $ | 3 | $ | 1,092 | |||||||||||||||||||||
Amounts related to acquired-impaired loans | 783 | 1,098 | 3,215 | 19,150 | 3,392 | 27,638 | |||||||||||||||||||||||||||
Collectively evaluated for impairment | 55,767 | 4,338 | 15,177 | 7,797 | 16,577 | 99,656 | |||||||||||||||||||||||||||
Loans: | |||||||||||||||||||||||||||||||||
Ending balance: | $ | 5,987,084 | $ | 1,113,510 | $ | 3,150,103 | $ | 1,913,885 | $ | 1,759,804 | $ | 13,924,386 | |||||||||||||||||||||
Individually evaluated for impairment | 14,566 | 4,381 | 19,789 | 2,423 | 120 | 41,279 | |||||||||||||||||||||||||||
Acquired-impaired loans | 15,645 | 24,283 | 49,003 | 177,852 | 16,994 | 283,777 | |||||||||||||||||||||||||||
Collectively evaluated for impairment | 5,956,873 | 1,084,846 | 3,081,311 | 1,733,610 | 1,742,690 | 13,599,330 | |||||||||||||||||||||||||||
(in thousands) | Commercial | Construction | Commercial | Residential | Consumer | Total | |||||||||||||||||||||||||||
non-real | and land | real estate | mortgages | ||||||||||||||||||||||||||||||
estate | development | ||||||||||||||||||||||||||||||||
Three Months Ended March 31, 2014 | |||||||||||||||||||||||||||||||||
Originated loans | |||||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||
Beginning balance | $ | 33,091 | $ | 6,180 | $ | 20,649 | $ | 6,892 | $ | 12,073 | $ | 78,885 | |||||||||||||||||||||
Charge-offs | (2,386 | ) | (91 | ) | (723 | ) | (241 | ) | (4,041 | ) | (7,482 | ) | |||||||||||||||||||||
Recoveries | 826 | 651 | 331 | 94 | 1,602 | 3,504 | |||||||||||||||||||||||||||
Net provision for loan losses | 2,202 | (739 | ) | 716 | (153 | ) | 2,627 | 4,653 | |||||||||||||||||||||||||
Ending balance | $ | 33,733 | $ | 6,001 | $ | 20,973 | $ | 6,592 | $ | 12,261 | $ | 79,560 | |||||||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 1,457 | $ | 508 | $ | 189 | $ | 196 | $ | — | $ | 2,350 | |||||||||||||||||||||
Collectively evaluated for impairment | 32,276 | 5,493 | 20,784 | 6,396 | 12,261 | 77,210 | |||||||||||||||||||||||||||
Loans: | |||||||||||||||||||||||||||||||||
Ending balance: | $ | 4,353,549 | $ | 824,837 | $ | 2,110,096 | $ | 1,228,170 | $ | 1,407,712 | $ | 9,924,364 | |||||||||||||||||||||
Individually evaluated for impairment | 9,109 | 11,064 | 12,418 | 2,549 | — | 35,140 | |||||||||||||||||||||||||||
Collectively evaluated for impairment | 4,344,440 | 813,773 | 2,097,678 | 1,225,621 | 1,407,712 | 9,889,224 | |||||||||||||||||||||||||||
Acquired loans | |||||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||
Beginning balance | $ | 1,603 | $ | 10 | $ | 34 | $ | — | $ | — | $ | 1,647 | |||||||||||||||||||||
Charge-offs | — | — | — | — | — | — | |||||||||||||||||||||||||||
Recoveries | — | — | — | — | — | — | |||||||||||||||||||||||||||
Net provision for loan losses | 2,396 | 108 | 424 | 496 | 188 | 3,612 | |||||||||||||||||||||||||||
Ending balance | $ | 3,999 | $ | 118 | $ | 458 | $ | 496 | $ | 188 | $ | 5,259 | |||||||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 88 | $ | 32 | $ | 282 | $ | — | $ | — | $ | 402 | |||||||||||||||||||||
Amounts related to acquired-impaired loans | — | — | — | — | — | — | |||||||||||||||||||||||||||
Collectively evaluated for impairment | 3,911 | 86 | 176 | 496 | 188 | 4,857 | |||||||||||||||||||||||||||
Loans: | |||||||||||||||||||||||||||||||||
Ending balance: | $ | 830,211 | $ | 134,443 | $ | 907,170 | $ | 293,111 | $ | 107,501 | $ | 2,272,436 | |||||||||||||||||||||
Individually evaluated for impairment | 1,998 | 721 | 2,281 | — | — | 5,000 | |||||||||||||||||||||||||||
Acquired-impaired loans | 13,272 | 17,560 | 30,018 | 5,545 | 102 | 66,497 | |||||||||||||||||||||||||||
Collectively evaluated for impairment | 814,941 | 116,162 | 874,871 | 287,566 | 107,399 | 2,200,939 | |||||||||||||||||||||||||||
(in thousands) | Commercial | Construction | Commercial | Residential | Consumer | Total | |||||||||||||||||||||||||||
non-real | and land | real estate | mortgages | ||||||||||||||||||||||||||||||
estate | development | ||||||||||||||||||||||||||||||||
Three Months Ended March 31, 2014 | |||||||||||||||||||||||||||||||||
FDIC acquired loans | |||||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||
Beginning balance | $ | 2,323 | $ | 2,655 | $ | 10,929 | $ | 27,989 | $ | 9,198 | $ | 53,094 | |||||||||||||||||||||
Charge-offs | (46 | ) | (458 | ) | (3,117 | ) | (308 | ) | (81 | ) | (4,010 | ) | |||||||||||||||||||||
Recoveries | 445 | 857 | 136 | 6 | 56 | 1,500 | |||||||||||||||||||||||||||
Net provision for loan losses | (36 | ) | (32 | ) | (22 | ) | (118 | ) | (94 | ) | (302 | ) | |||||||||||||||||||||
Decrease in FDIC loss share receivable | (809 | ) | (732 | ) | (507 | ) | (2,666 | ) | (2,139 | ) | (6,853 | ) | |||||||||||||||||||||
Ending balance | $ | 1,877 | $ | 2,290 | $ | 7,419 | $ | 24,903 | $ | 6,940 | $ | 43,429 | |||||||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||||||
Amounts related to acquired-impaired loans | 1,877 | 2,290 | 7,419 | 24,903 | 6,940 | 43,429 | |||||||||||||||||||||||||||
Collectively evaluated for impairment | — | — | — | — | — | — | |||||||||||||||||||||||||||
Loans: | |||||||||||||||||||||||||||||||||
Ending balance: | $ | 14,269 | $ | 19,518 | $ | 52,050 | $ | 199,026 | $ | 46,274 | $ | 331,137 | |||||||||||||||||||||
Individually evaluated for impairment | — | — | — | — | — | — | |||||||||||||||||||||||||||
Acquired-impaired loans | 14,269 | 19,518 | 52,050 | 199,026 | 46,274 | 331,137 | |||||||||||||||||||||||||||
Collectively evaluated for impairment | — | — | — | — | — | — | |||||||||||||||||||||||||||
Total loans | |||||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||
Beginning balance | $ | 37,017 | $ | 8,845 | $ | 31,612 | $ | 34,881 | $ | 21,271 | $ | 133,626 | |||||||||||||||||||||
Charge-offs | (2,432 | ) | (549 | ) | (3,840 | ) | (549 | ) | (4,122 | ) | (11,492 | ) | |||||||||||||||||||||
Recoveries | 1,271 | 1,508 | 467 | 100 | 1,658 | 5,004 | |||||||||||||||||||||||||||
Net provision for loan losses | 4,562 | (663 | ) | 1,118 | 225 | 2,721 | 7,963 | ||||||||||||||||||||||||||
Decrease in FDIC loss share receivable | (809 | ) | (732 | ) | (507 | ) | (2,666 | ) | (2,139 | ) | (6,853 | ) | |||||||||||||||||||||
Ending balance | $ | 39,609 | $ | 8,409 | $ | 28,850 | $ | 31,991 | $ | 19,389 | $ | 128,248 | |||||||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 1,545 | $ | 540 | $ | 471 | $ | 196 | $ | — | $ | 2,752 | |||||||||||||||||||||
Amounts related to acquired-impaired loans | 1,877 | 2,290 | 7,419 | 24,903 | 6,940 | 43,429 | |||||||||||||||||||||||||||
Collectively evaluated for impairment | 36,187 | 5,579 | 20,960 | 6,892 | 12,449 | 82,067 | |||||||||||||||||||||||||||
Loans: | |||||||||||||||||||||||||||||||||
Ending balance: | $ | 5,198,029 | $ | 978,798 | $ | 3,069,316 | $ | 1,720,307 | $ | 1,561,487 | $ | 12,527,937 | |||||||||||||||||||||
Individually evaluated for impairment | 11,107 | 11,785 | 14,699 | 2,549 | — | 40,140 | |||||||||||||||||||||||||||
Acquired-impaired loans | 27,541 | 37,078 | 82,068 | 204,571 | 46,376 | 397,634 | |||||||||||||||||||||||||||
Collectively evaluated for impairment | 5,159,381 | 929,935 | 2,972,549 | 1,513,187 | 1,515,111 | 12,090,163 | |||||||||||||||||||||||||||
Summary of Composition of Non-Accrual Loans by Portfolio Segment | The following table shows the composition of nonaccrual loans by portfolio segment and class. Acquired-impaired and certain FDIC acquired loans are considered to be performing due to the application of the accretion method and are excluded from the table. FDIC acquired loans accounted for using the cost recovery method do not have an accretable yield and are included below as nonaccrual loans. Acquired-performing loans that have subsequently been placed on nonaccrual status are also included below. | ||||||||||||||||||||||||||||||||
(in thousands) | March 31, | December 31, | |||||||||||||||||||||||||||||||
2015 | 2014 | ||||||||||||||||||||||||||||||||
Originated loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | $ | 25,614 | $ | 15,511 | |||||||||||||||||||||||||||||
Construction and land development | 5,255 | 6,462 | |||||||||||||||||||||||||||||||
Commercial real estate | 24,668 | 22,047 | |||||||||||||||||||||||||||||||
Residential mortgages | 22,383 | 21,702 | |||||||||||||||||||||||||||||||
Consumer | 5,492 | 5,574 | |||||||||||||||||||||||||||||||
Total originated loans | $ | 83,412 | $ | 71,296 | |||||||||||||||||||||||||||||
Acquired loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | $ | — | $ | — | |||||||||||||||||||||||||||||
Construction and land development | — | — | |||||||||||||||||||||||||||||||
Commercial real estate | 5,820 | 6,139 | |||||||||||||||||||||||||||||||
Residential mortgages | — | — | |||||||||||||||||||||||||||||||
Consumer | — | — | |||||||||||||||||||||||||||||||
Total acquired loans | $ | 5,820 | $ | 6,139 | |||||||||||||||||||||||||||||
FDIC acquired loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | $ | — | $ | — | |||||||||||||||||||||||||||||
Construction and land development | 1,156 | 1,103 | |||||||||||||||||||||||||||||||
Commercial real estate | 433 | 433 | |||||||||||||||||||||||||||||||
Residential mortgages | — | 392 | |||||||||||||||||||||||||||||||
Consumer | — | 174 | |||||||||||||||||||||||||||||||
Total FDIC acquired loans | $ | 1,589 | $ | 2,102 | |||||||||||||||||||||||||||||
Total loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | $ | 25,614 | $ | 15,511 | |||||||||||||||||||||||||||||
Construction and land development | 6,411 | 7,565 | |||||||||||||||||||||||||||||||
Commercial real estate | 30,921 | 28,619 | |||||||||||||||||||||||||||||||
Residential mortgages | 22,383 | 22,094 | |||||||||||||||||||||||||||||||
Consumer | 5,492 | 5,748 | |||||||||||||||||||||||||||||||
Total loans | $ | 90,821 | $ | 79,537 | |||||||||||||||||||||||||||||
Schedule of Troubled Debt Restructurings Occurred During Period by Portfolio Segment | The tables below detail TDRs that were modified during the three months ended March 31, 2015 and March 31, 2014 by portfolio segment. All TDRs are individually evaluated for impairment. | ||||||||||||||||||||||||||||||||
Three Months Ended | |||||||||||||||||||||||||||||||||
(in thousands) | March 31, 2015 | March 31, 2014 | |||||||||||||||||||||||||||||||
Troubled Debt Restructurings: | Number | Pre-Modification | Post- | Number | Pre-Modification | Post- | |||||||||||||||||||||||||||
of | Outstanding | Modification | of | Outstanding | Modification | ||||||||||||||||||||||||||||
Contracts | Recorded | Outstanding | Contracts | Recorded | Outstanding | ||||||||||||||||||||||||||||
Investment | Recorded | Investment | Recorded | ||||||||||||||||||||||||||||||
Investment | Investment | ||||||||||||||||||||||||||||||||
Originated loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | — | $ | — | $ | — | — | $ | — | $ | — | |||||||||||||||||||||||
Construction and land development | — | — | — | — | — | — | |||||||||||||||||||||||||||
Commercial real estate | — | — | 1 | 963 | 918 | ||||||||||||||||||||||||||||
Residential mortgages | 2 | 68 | 68 | 2 | 773 | 507 | |||||||||||||||||||||||||||
Consumer | 1 | 20 | 20 | — | — | — | |||||||||||||||||||||||||||
Total originated loans | 3 | $ | 88 | $ | 88 | 3 | $ | 1,736 | $ | 1,425 | |||||||||||||||||||||||
Acquired loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | — | $ | — | $ | — | — | $ | — | $ | — | |||||||||||||||||||||||
Construction and land development | — | — | — | — | — | — | |||||||||||||||||||||||||||
Commercial real estate | — | — | — | — | — | — | |||||||||||||||||||||||||||
Residential mortgages | — | — | — | — | — | — | |||||||||||||||||||||||||||
Consumer | — | — | — | — | — | — | |||||||||||||||||||||||||||
Total acquired loans | — | $ | — | $ | — | — | $ | — | $ | — | |||||||||||||||||||||||
FDIC acquired loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | — | $ | — | $ | — | — | $ | — | $ | — | |||||||||||||||||||||||
Construction and land development | — | — | — | — | — | — | |||||||||||||||||||||||||||
Commercial real estate | — | — | — | — | — | — | |||||||||||||||||||||||||||
Residential mortgages | — | — | — | — | — | — | |||||||||||||||||||||||||||
Consumer | — | — | — | — | — | — | |||||||||||||||||||||||||||
Total FDIC acquired loans | — | $ | — | $ | — | — | $ | — | $ | — | |||||||||||||||||||||||
Total loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | — | $ | — | $ | — | — | $ | — | $ | — | |||||||||||||||||||||||
Construction and land development | — | — | — | — | — | — | |||||||||||||||||||||||||||
Commercial real estate | — | — | — | 1 | 963 | 918 | |||||||||||||||||||||||||||
Residential mortgages | 2 | 68 | 68 | 2 | 773 | 507 | |||||||||||||||||||||||||||
Consumer | 1 | 20 | 20 | — | — | — | |||||||||||||||||||||||||||
Total loans | 3 | $ | 88 | $ | 88 | 3 | $ | 1,736 | $ | 1,425 | |||||||||||||||||||||||
Summary of Impaired Loans Disaggregated by Class | The tables below present loans that are individually evaluated for impairment disaggregated by class at March 31, 2015 and December 31, 2014: | ||||||||||||||||||||||||||||||||
March 31, 2015 | Recorded | Unpaid | Related | Average | Interest | ||||||||||||||||||||||||||||
(in thousands) | Investment | Principal | Allowance | Recorded | Income | ||||||||||||||||||||||||||||
Balance | Investment | Recognized | |||||||||||||||||||||||||||||||
Originated loans: | |||||||||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | $ | 11,389 | $ | 11,893 | $ | — | $ | 7,196 | $ | — | |||||||||||||||||||||||
Construction and land development | 484 | 2,045 | — | 1,915 | — | ||||||||||||||||||||||||||||
Commercial real estate | 10,659 | 12,598 | — | 9,563 | 10 | ||||||||||||||||||||||||||||
Residential mortgages | 1,034 | 1,435 | — | 517 | 1 | ||||||||||||||||||||||||||||
Consumer | 101 | 101 | — | 51 | — | ||||||||||||||||||||||||||||
23,667 | 28,072 | — | 19,242 | 11 | |||||||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | $ | 3,177 | $ | 3,928 | $ | 529 | $ | 2,081 | 2 | ||||||||||||||||||||||||
Construction and land development | 3,897 | 4,555 | 71 | 4,401 | 32 | ||||||||||||||||||||||||||||
Commercial real estate | 6,551 | 6,556 | 147 | 5,103 | 17 | ||||||||||||||||||||||||||||
Residential mortgages | 1,389 | 1,900 | 88 | 2,023 | 11 | ||||||||||||||||||||||||||||
Consumer | 19 | 19 | 3 | 13 | 2 | ||||||||||||||||||||||||||||
15,033 | 16,958 | 838 | 13,621 | 64 | |||||||||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | 14,566 | 15,821 | 529 | $ | 9,277 | 2 | |||||||||||||||||||||||||||
Construction and land development | 4,381 | 6,600 | 71 | 6,316 | 32 | ||||||||||||||||||||||||||||
Commercial real estate | 17,210 | 19,154 | 147 | 14,666 | 27 | ||||||||||||||||||||||||||||
Residential mortgages | 2,423 | 3,335 | 88 | 2,540 | 12 | ||||||||||||||||||||||||||||
Consumer | 120 | 120 | 3 | 63 | 2 | ||||||||||||||||||||||||||||
Total originated loans | $ | 38,700 | $ | 45,030 | $ | 838 | $ | 32,862 | $ | 75 | |||||||||||||||||||||||
Acquired loans: | |||||||||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||||||||
Construction and land development | — | — | — | — | — | ||||||||||||||||||||||||||||
Commercial real estate | — | — | — | — | — | ||||||||||||||||||||||||||||
Residential mortgages | — | — | — | — | — | ||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | ||||||||||||||||||||||||||||
— | — | — | — | — | |||||||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | — | — | — | $ | — | — | |||||||||||||||||||||||||||
Construction and land development | — | — | — | — | — | ||||||||||||||||||||||||||||
Commercial real estate | 2,579 | 2,602 | 254 | 2,635 | — | ||||||||||||||||||||||||||||
Residential mortgages | — | — | — | — | — | ||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | ||||||||||||||||||||||||||||
2,579 | 2,602 | 254 | 2,635 | — | |||||||||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | — | — | — | $ | — | — | |||||||||||||||||||||||||||
Construction and land development | — | — | — | — | — | ||||||||||||||||||||||||||||
Commercial real estate | 2,579 | 2,602 | 254 | 2,635 | — | ||||||||||||||||||||||||||||
Residential mortgages | — | — | — | — | — | ||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | ||||||||||||||||||||||||||||
Total acquired loans | $ | 2,579 | $ | 2,602 | $ | 254 | $ | 2,635 | $ | — | |||||||||||||||||||||||
March 31, 2015 | Recorded | Unpaid | Related | Average | Interest | ||||||||||||||||||||||||||||
(in thousands) | Investment | Principal | Allowance | Recorded | Income | ||||||||||||||||||||||||||||
Balance | Investment | Recognized | |||||||||||||||||||||||||||||||
Total loans: | |||||||||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | $ | 11,389 | $ | 11,893 | $ | — | $ | 7,196 | $ | — | |||||||||||||||||||||||
Construction and land development | 484 | 2,045 | — | 1,915 | — | ||||||||||||||||||||||||||||
Commercial real estate | 10,659 | 12,598 | — | 9,563 | 10 | ||||||||||||||||||||||||||||
Residential mortgages | 1,034 | 1,435 | — | 517 | 1 | ||||||||||||||||||||||||||||
Consumer | 101 | 101 | — | 51 | — | ||||||||||||||||||||||||||||
23,667 | 28,072 | — | 19,242 | 11 | |||||||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | 3,177 | 3,928 | 529 | $ | 2,081 | 2 | |||||||||||||||||||||||||||
Construction and land development | 3,897 | 4,555 | 71 | 4,401 | 32 | ||||||||||||||||||||||||||||
Commercial real estate | 9,130 | 9,158 | 401 | 7,738 | 17 | ||||||||||||||||||||||||||||
Residential mortgages | 1,389 | 1,900 | 88 | 2,023 | 11 | ||||||||||||||||||||||||||||
Consumer | 19 | 19 | 3 | 13 | 2 | ||||||||||||||||||||||||||||
17,612 | 19,560 | 1,092 | 16,256 | 64 | |||||||||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | 14,566 | 15,821 | 529 | $ | 9,277 | 2 | |||||||||||||||||||||||||||
Construction and land development | 4,381 | 6,600 | 71 | 6,316 | 32 | ||||||||||||||||||||||||||||
Commercial real estate | 19,789 | 21,756 | 401 | 17,301 | 27 | ||||||||||||||||||||||||||||
Residential mortgages | 2,423 | 3,335 | 88 | 2,540 | 12 | ||||||||||||||||||||||||||||
Consumer | 120 | 120 | 3 | 63 | 2 | ||||||||||||||||||||||||||||
Total loans | $ | 41,279 | $ | 47,632 | $ | 1,092 | $ | 35,497 | $ | 75 | |||||||||||||||||||||||
December 31, 2014 | Recorded | Unpaid | Related | Average | Interest | ||||||||||||||||||||||||||||
(in thousands) | Investment | Principal | Allowance | Recorded | Incsme | ||||||||||||||||||||||||||||
Balance | Investment | Recsgnized | |||||||||||||||||||||||||||||||
Originated loans: | |||||||||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | $ | 3,003 | $ | 3,646 | $ | — | $ | 1,209 | $ | 51 | |||||||||||||||||||||||
Construction and land development | 3,345 | 6,486 | — | 3,330 | 142 | ||||||||||||||||||||||||||||
Commercial real estate | 8,467 | 10,575 | — | 8,461 | 331 | ||||||||||||||||||||||||||||
Residential mortgages | — | — | — | 88 | 3 | ||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | ||||||||||||||||||||||||||||
14,815 | 20,707 | — | 13,088 | 527 | |||||||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | 984 | 984 | 14 | 5,522 | 99 | ||||||||||||||||||||||||||||
Construction and land development | 4,905 | 4,906 | 19 | 6,660 | 137 | ||||||||||||||||||||||||||||
Commercial real estate | 3,654 | 3,654 | 11 | 7,500 | 109 | ||||||||||||||||||||||||||||
Residential mortgages | 2,656 | 3,311 | 330 | 2,204 | 50 | ||||||||||||||||||||||||||||
Consumer | 6 | 6 | 3 | 1 | — | ||||||||||||||||||||||||||||
12,205 | 12,861 | 377 | 21,887 | 395 | |||||||||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | 3,987 | 4,630 | 14 | 6,732 | 150 | ||||||||||||||||||||||||||||
Construction and land development | 8,250 | 11,392 | 19 | 9,990 | 279 | ||||||||||||||||||||||||||||
Commercial real estate | 12,121 | 14,229 | 11 | 15,961 | 439 | ||||||||||||||||||||||||||||
Residential mortgages | 2,656 | 3,311 | 330 | 2,292 | 53 | ||||||||||||||||||||||||||||
Consumer | 6 | 6 | 3 | 1 | — | ||||||||||||||||||||||||||||
Total originated loans | $ | 27,020 | $ | 33,568 | $ | 377 | $ | 34,976 | $ | 921 | |||||||||||||||||||||||
Acquired loans: | |||||||||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | $ | — | $ | — | $ | — | $ | 357 | $ | — | |||||||||||||||||||||||
Construction and land development | — | — | — | 121 | — | ||||||||||||||||||||||||||||
Commercial real estate | — | — | — | 311 | — | ||||||||||||||||||||||||||||
Residential mortgages | — | — | — | 88 | — | ||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | ||||||||||||||||||||||||||||
— | — | — | 877 | — | |||||||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | — | — | — | 1,059 | 122 | ||||||||||||||||||||||||||||
Construction and land development | — | — | — | 1,037 | 56 | ||||||||||||||||||||||||||||
Commercial real estate | 2,691 | 2,720 | 477 | 1,357 | 75 | ||||||||||||||||||||||||||||
Residential mortgages | — | — | — | — | — | ||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | ||||||||||||||||||||||||||||
2,691 | 2,720 | 477 | 3,453 | 253 | |||||||||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | — | — | — | 1,416 | 122 | ||||||||||||||||||||||||||||
Construction and land development | — | — | — | 1,158 | 56 | ||||||||||||||||||||||||||||
Commercial real estate | 2,691 | 2,720 | 477 | 1,668 | 75 | ||||||||||||||||||||||||||||
Residential mortgages | — | — | — | 88 | — | ||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | ||||||||||||||||||||||||||||
Total acquired loans | $ | 2,691 | $ | 2,720 | $ | 477 | $ | 4,330 | $ | 253 | |||||||||||||||||||||||
December 31, 2014 | Recorded | Unpaid | Related | Average | Interest | ||||||||||||||||||||||||||||
(in thousands) | Investment | Principal | Allowance | Recorded | Incsme | ||||||||||||||||||||||||||||
Balance | Investment | Recsgnized | |||||||||||||||||||||||||||||||
Total loans: | |||||||||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | $ | 3,003 | $ | 3,646 | $ | — | $ | 1,566 | $ | 51 | |||||||||||||||||||||||
Construction and land development | 3,345 | 6,486 | — | 3,451 | 142 | ||||||||||||||||||||||||||||
Commercial real estate | 8,467 | 10,575 | — | 8,772 | 331 | ||||||||||||||||||||||||||||
Residential mortgages | — | — | — | 176 | 3 | ||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | ||||||||||||||||||||||||||||
14,815 | 20,707 | — | 13,965 | 527 | |||||||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | 984 | 984 | 14 | 6,581 | 221 | ||||||||||||||||||||||||||||
Construction and land development | 4,905 | 4,906 | 19 | 7,697 | 193 | ||||||||||||||||||||||||||||
Commercial real estate | 6,345 | 6,374 | 488 | 8,857 | 184 | ||||||||||||||||||||||||||||
Residential mortgages | 2,656 | 3,311 | 330 | 2,204 | 50 | ||||||||||||||||||||||||||||
Consumer | 6 | 6 | 3 | 1 | — | ||||||||||||||||||||||||||||
14,896 | 15,581 | 854 | 25,340 | 648 | |||||||||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | 3,987 | 4,630 | 14 | 8,147 | 272 | ||||||||||||||||||||||||||||
Construction and land development | 8,250 | 11,392 | 19 | 11,148 | 335 | ||||||||||||||||||||||||||||
Commercial real estate | 14,812 | 16,949 | 488 | 17,629 | 515 | ||||||||||||||||||||||||||||
Residential mortgages | 2,656 | 3,311 | 330 | 2,380 | 53 | ||||||||||||||||||||||||||||
Consumer | 6 | 6 | 3 | 1 | — | ||||||||||||||||||||||||||||
Total loans | $ | 29,711 | $ | 36,288 | $ | 854 | $ | 39,305 | $ | 1,175 | |||||||||||||||||||||||
Summary of Age Analysis of Past Due Loans | The following tables present the age analysis of past due loans at March 31, 2015 and December 31, 2014. FDIC acquired and acquired-impaired loans with an accretable yield are considered to be current in the table. | ||||||||||||||||||||||||||||||||
March 31, 2015 | 30-59 | 60-89 | Greater | Total past | Current | Total Loans | Recorded | ||||||||||||||||||||||||||
days past | days past | than 90 | due | investment | |||||||||||||||||||||||||||||
due | due | days past | > 90 days | ||||||||||||||||||||||||||||||
due | and still | ||||||||||||||||||||||||||||||||
accruing | |||||||||||||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||||||||||
Originated loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | $ | 4,969 | $ | 3,498 | $ | 8,692 | $ | 17,159 | $ | 5,844,728 | $ | 5,861,887 | $ | 1,114 | |||||||||||||||||||
Construction and land development | 4,014 | 741 | 4,777 | 9,532 | 1,077,917 | 1,087,449 | 768 | ||||||||||||||||||||||||||
Commercial real estate | 2,456 | 2,549 | 15,694 | 20,699 | 2,471,652 | 2,492,351 | 1,831 | ||||||||||||||||||||||||||
Residential mortgages | 21,365 | 2,062 | 7,072 | 30,499 | 1,705,534 | 1,736,033 | 1,067 | ||||||||||||||||||||||||||
Consumer | 11,631 | 1,994 | 2,992 | 16,617 | 1,726,193 | 1,742,810 | 879 | ||||||||||||||||||||||||||
Total | $ | 44,435 | $ | 10,844 | $ | 39,227 | $ | 94,506 | $ | 12,826,024 | $ | 12,920,530 | $ | 5,659 | |||||||||||||||||||
Acquired loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | $ | — | $ | — | $ | — | $ | — | $ | 118,260 | $ | 118,260 | $ | — | |||||||||||||||||||
Construction and land development | — | — | — | — | 14,579 | 14,579 | — | ||||||||||||||||||||||||||
Commercial real estate | 564 | 2,579 | 2,095 | 5,238 | 624,737 | 629,975 | 213 | ||||||||||||||||||||||||||
Residential mortgages | — | — | — | — | 2,485 | 2,485 | — | ||||||||||||||||||||||||||
Consumer | — | — | — | — | 25 | 25 | — | ||||||||||||||||||||||||||
Total | $ | 564 | $ | 2,579 | $ | 2,095 | $ | 5,238 | $ | 760,086 | $ | 765,324 | $ | 213 | |||||||||||||||||||
FDIC acquired loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | $ | — | $ | — | $ | — | $ | — | $ | 6,937 | $ | 6,937 | $ | — | |||||||||||||||||||
Construction and land development | — | — | 1,156 | 1,156 | 10,326 | 11,482 | — | ||||||||||||||||||||||||||
Commercial real estate | — | — | 433 | 433 | 27,344 | 27,777 | — | ||||||||||||||||||||||||||
Residential mortgages | — | — | — | — | 175,367 | 175,367 | — | ||||||||||||||||||||||||||
Consumer | — | — | — | — | 16,969 | 16,969 | — | ||||||||||||||||||||||||||
Total | $ | — | $ | — | $ | 1,589 | $ | 1,589 | $ | 236,943 | $ | 238,532 | $ | — | |||||||||||||||||||
Total loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | $ | 4,969 | $ | 3,498 | $ | 8,692 | $ | 17,159 | $ | 5,969,925 | $ | 5,987,084 | $ | 1,114 | |||||||||||||||||||
Construction and land development | 4,014 | 741 | 5,933 | 10,688 | 1,102,822 | 1,113,510 | 768 | ||||||||||||||||||||||||||
Commercial real estate | 3,020 | 5,128 | 18,222 | 26,370 | 3,123,733 | 3,150,103 | 2,044 | ||||||||||||||||||||||||||
Residential mortgages | 21,365 | 2,062 | 7,072 | 30,499 | 1,883,386 | 1,913,885 | 1,067 | ||||||||||||||||||||||||||
Consumer | 11,631 | 1,994 | 2,992 | 16,617 | 1,743,187 | 1,759,804 | 879 | ||||||||||||||||||||||||||
Total | $ | 44,999 | $ | 13,423 | $ | 42,911 | $ | 101,333 | $ | 13,823,053 | $ | 13,924,386 | $ | 5,872 | |||||||||||||||||||
December 31, 2014 | 30-59 | 60-89 | Greater | Total past | Current | Total Loans | Recorded | ||||||||||||||||||||||||||
days past | days past | than 90 | due | investment | |||||||||||||||||||||||||||||
due | due | days past | > 90 days | ||||||||||||||||||||||||||||||
due | and still | ||||||||||||||||||||||||||||||||
accruing | |||||||||||||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||||||||||
Originated loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | $ | 4,380 | $ | 1,742 | $ | 8,560 | $ | 14,682 | $ | 5,903,046 | $ | 5,917,728 | $ | 630 | |||||||||||||||||||
Construction and land development | 6,620 | 1,532 | 4,453 | 12,605 | 1,061,359 | 1,073,964 | 142 | ||||||||||||||||||||||||||
Commercial real estate | 6,527 | 2,964 | 13,234 | 22,725 | 2,405,470 | 2,428,195 | 696 | ||||||||||||||||||||||||||
Residential mortgages | 14,730 | 3,261 | 11,208 | 29,199 | 1,675,571 | 1,704,770 | 1,199 | ||||||||||||||||||||||||||
Consumer | 8,422 | 2,450 | 4,365 | 15,237 | 1,670,305 | 1,685,542 | 1,897 | ||||||||||||||||||||||||||
Total | $ | 40,679 | $ | 11,949 | $ | 41,820 | $ | 94,448 | $ | 12,715,751 | $ | 12,810,199 | $ | 4,564 | |||||||||||||||||||
Acquired loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | $ | — | $ | — | $ | — | $ | — | $ | 120,137 | $ | 120,137 | $ | — | |||||||||||||||||||
Construction and land development | 111 | — | — | 111 | 21,012 | 21,123 | — | ||||||||||||||||||||||||||
Commercial real estate | 3,861 | 282 | 1,591 | 5,734 | 682,311 | 688,045 | 261 | ||||||||||||||||||||||||||
Residential mortgages | — | — | — | — | 2,378 | 2,378 | — | ||||||||||||||||||||||||||
Consumer | — | — | — | — | 985 | 985 | — | ||||||||||||||||||||||||||
Total | $ | 3,972 | $ | 282 | $ | 1,591 | $ | 5,845 | $ | 826,823 | $ | 832,668 | $ | 261 | |||||||||||||||||||
FDIC acquired loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | $ | — | $ | — | $ | — | $ | — | $ | 6,195 | $ | 6,195 | $ | — | |||||||||||||||||||
Construction and land development | — | — | 1,103 | 1,103 | 10,571 | 11,674 | — | ||||||||||||||||||||||||||
Commercial real estate | — | — | 433 | 433 | 27,375 | 27,808 | — | ||||||||||||||||||||||||||
Residential mortgages | — | 272 | — | 272 | 186,761 | 187,033 | — | ||||||||||||||||||||||||||
Consumer | 1 | — | 34 | 35 | 19,664 | 19,699 | — | ||||||||||||||||||||||||||
Total | $ | 1 | $ | 272 | $ | 1,570 | $ | 1,843 | $ | 250,566 | $ | 252,409 | $ | — | |||||||||||||||||||
Total loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | $ | 4,380 | $ | 1,742 | $ | 8,560 | $ | 14,682 | $ | 6,029,378 | $ | 6,044,060 | $ | 630 | |||||||||||||||||||
Construction and land development | 6,731 | 1,532 | 5,556 | 13,819 | 1,092,942 | 1,106,761 | 142 | ||||||||||||||||||||||||||
Commercial real estate | 10,388 | 3,246 | 15,258 | 28,892 | 3,115,156 | 3,144,048 | 957 | ||||||||||||||||||||||||||
Residential mortgages | 14,730 | 3,533 | 11,208 | 29,471 | 1,864,710 | 1,894,181 | 1,199 | ||||||||||||||||||||||||||
Consumer | 8,423 | 2,450 | 4,399 | 15,272 | 1,690,954 | 1,706,226 | 1,897 | ||||||||||||||||||||||||||
Total | $ | 44,652 | $ | 12,503 | $ | 44,981 | $ | 102,136 | $ | 13,793,140 | $ | 13,895,276 | $ | 4,825 | |||||||||||||||||||
Changes in Carrying Amount of 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 three months ended March 31, 2015 and the year ended December 31, 2014: | ||||||||||||||||||||||||||||||||
(in thousands) | March 31, 2015 | December 31, 2014 | |||||||||||||||||||||||||||||||
FDIC acquired | Acquired | FDIC acquired | Acquired | ||||||||||||||||||||||||||||||
Carrying | Accretable | Carrying | Accretable | Carrying | Accretable | Carrying | Accretable | ||||||||||||||||||||||||||
Amount of | Yield | Amount | Yield | Amount of | Yield | Amount | Yield | ||||||||||||||||||||||||||
Loans | of Loans | Loans | of Loans | ||||||||||||||||||||||||||||||
Balance at beginning of period | $ | 252,409 | $ | 112,788 | $ | 61,276 | $ | 74,668 | $ | 358,666 | $ | 122,715 | $ | 68,075 | $ | 131,370 | |||||||||||||||||
Payments received, net | (17,483 | ) | (371 | ) | (21,396 | ) | (9,036 | ) | (125,388 | ) | (1,071 | ) | (50,178 | ) | (32,855 | ) | |||||||||||||||||
Accretion | 3,606 | (3,606 | ) | 5,365 | (5,365 | ) | 19,131 | (19,131 | ) | 43,379 | (43,379 | ) | |||||||||||||||||||||
(Decrease) Increase in expected cash flows based on actual cash flows and changes in cash flow assumptions | — | (1,389 | ) | — | 87 | — | (1,137 | ) | — | (203 | ) | ||||||||||||||||||||||
Net transfers from nonaccretable difference to accretable yield | — | 150 | — | (2,265 | ) | — | 11,412 | — | 19,735 | ||||||||||||||||||||||||
Balance at end of period | $ | 238,532 | $ | 107,572 | $ | 45,245 | $ | 58,089 | $ | 252,409 | $ | 112,788 | $ | 61,276 | $ | 74,668 | |||||||||||||||||
Commercial Non-Real Estate [Member] | |||||||||||||||||||||||||||||||||
Schedule of Credit Quality Indicators of Various Classes of Loans - Credit Risk Profile by Internally Assigned Grade | The following tables present the credit quality indicators of the Company’s various classes of loans at March 31, 2015 and December 31, 2014. | ||||||||||||||||||||||||||||||||
Commercial Non-Real Estate Credit Exposure | |||||||||||||||||||||||||||||||||
Credit Risk Profile by Internally Assigned Grade | |||||||||||||||||||||||||||||||||
(in thousands) | March 31, 2015 | December 31, 2014 | |||||||||||||||||||||||||||||||
Originated | Acquired | FDIC | Total | Originated | Acquired | FDIC | Total | ||||||||||||||||||||||||||
acquired | acquired | ||||||||||||||||||||||||||||||||
Grade: | |||||||||||||||||||||||||||||||||
Pass | $ | 5,438,058 | $ | 109,784 | $ | 2,892 | $ | 5,550,734 | $ | 5,577,827 | $ | 111,847 | $ | 2,027 | $ | 5,691,701 | |||||||||||||||||
Pass-Watch | 235,510 | 282 | 995 | 236,787 | 174,742 | 715 | 1,120 | 176,577 | |||||||||||||||||||||||||
Special Mention | 64,045 | 367 | — | 64,412 | 52,962 | 350 | — | 53,312 | |||||||||||||||||||||||||
Substandard | 124,219 | 7,827 | 3,021 | 135,067 | 112,153 | 7,225 | 3,017 | 122,395 | |||||||||||||||||||||||||
Doubtful | 40 | — | 29 | 69 | 44 | — | 31 | 75 | |||||||||||||||||||||||||
Loss | 15 | — | — | 15 | — | — | — | — | |||||||||||||||||||||||||
Total | $ | 5,861,887 | $ | 118,260 | $ | 6,937 | $ | 5,987,084 | $ | 5,917,728 | $ | 120,137 | $ | 6,195 | $ | 6,044,060 | |||||||||||||||||
Construction and Land Development [Member] | |||||||||||||||||||||||||||||||||
Schedule of Credit Quality Indicators of Various Classes of Loans - Credit Risk Profile Based on Payment Activity | Construction Credit Exposure | ||||||||||||||||||||||||||||||||
Credit Risk Profile Based on Payment Activity | |||||||||||||||||||||||||||||||||
(in thousands) | 31-Mar-15 | 31-Dec-14 | |||||||||||||||||||||||||||||||
Originated | Acquired | FDIC | Total | Originated | Acquired | FDIC | Total | ||||||||||||||||||||||||||
acquired | acquired | ||||||||||||||||||||||||||||||||
Grade: | |||||||||||||||||||||||||||||||||
Pass | $ | 1,032,054 | $ | 5,225 | $ | 2,750 | $ | 1,040,029 | $ | 1,012,128 | $ | 14,377 | $ | 2,468 | $ | 1,028,973 | |||||||||||||||||
Pass-Watch | 18,493 | 2,727 | 534 | 21,754 | 21,516 | 432 | 532 | 22,480 | |||||||||||||||||||||||||
Special Mention | 9,100 | 139 | 315 | 9,554 | 7,097 | 129 | 319 | 7,545 | |||||||||||||||||||||||||
Substandard | 27,802 | 6,488 | 7,883 | 42,173 | 33,223 | 6,185 | 8,355 | 47,763 | |||||||||||||||||||||||||
Total | $ | 1,087,449 | $ | 14,579 | $ | 11,482 | $ | 1,113,510 | $ | 1,073,964 | $ | 21,123 | $ | 11,674 | $ | 1,106,761 | |||||||||||||||||
Commercial Real Estate [Member] | |||||||||||||||||||||||||||||||||
Schedule of Credit Quality Indicators of Various Classes of Loans - Credit Risk Profile by Internally Assigned Grade | Commercial Real Estate Credit Exposure | ||||||||||||||||||||||||||||||||
Credit Risk Profile by Internally Assigned Grade | |||||||||||||||||||||||||||||||||
(in thousands) | 31-Mar-15 | 31-Dec-14 | |||||||||||||||||||||||||||||||
Originated | Acquired | FDIC | Total | Originated | Acquired | FDIC | Total | ||||||||||||||||||||||||||
acquired | acquired | ||||||||||||||||||||||||||||||||
Grade: | |||||||||||||||||||||||||||||||||
Pass | $ | 2,316,577 | $ | 588,942 | $ | 5,869 | $ | 2,911,388 | $ | 2,241,391 | $ | 641,966 | $ | 4,139 | $ | 2,887,496 | |||||||||||||||||
Pass-Watch | 58,743 | 9,644 | 2,872 | 71,259 | 61,589 | 11,142 | 4,547 | 77,278 | |||||||||||||||||||||||||
Special Mention | 14,915 | 9,531 | 1,654 | 26,100 | 21,543 | 8,113 | 1,319 | 30,975 | |||||||||||||||||||||||||
Substandard | 102,097 | 21,858 | 17,382 | 141,337 | 103,651 | 26,824 | 17,803 | 148,278 | |||||||||||||||||||||||||
Doubtful | 19 | — | — | 19 | 21 | — | — | 21 | |||||||||||||||||||||||||
Total | $ | 2,492,351 | $ | 629,975 | $ | 27,777 | $ | 3,150,103 | $ | 2,428,195 | $ | 688,045 | $ | 27,808 | $ | 3,144,048 | |||||||||||||||||
Residential Mortgages [Member] | |||||||||||||||||||||||||||||||||
Schedule of Credit Quality Indicators of Various Classes of Loans - Credit Risk Profile Based on Payment Activity and Accrual Status | Residential Mortgage Credit Exposure | ||||||||||||||||||||||||||||||||
Credit Risk Profile Based on Payment Activity and Accrual Status | |||||||||||||||||||||||||||||||||
(in thousands) | March 31, 2015 | December 31, 2014 | |||||||||||||||||||||||||||||||
Originated | Acquired | FDIC | Total | Originated | Acquired | FDIC | Total | ||||||||||||||||||||||||||
acquired | acquired | ||||||||||||||||||||||||||||||||
Performing | $ | 1,712,583 | $ | 2,485 | $ | 175,367 | $ | 1,890,435 | $ | 1,681,868 | $ | 2,378 | $ | 186,641 | $ | 1,870,887 | |||||||||||||||||
Nonperforming | 23,450 | — | — | 23,450 | 22,902 | — | 392 | 23,294 | |||||||||||||||||||||||||
Total | $ | 1,736,033 | $ | 2,485 | $ | 175,367 | $ | 1,913,885 | $ | 1,704,770 | $ | 2,378 | $ | 187,033 | $ | 1,894,181 | |||||||||||||||||
Consumer [Member] | |||||||||||||||||||||||||||||||||
Schedule of Credit Quality Indicators of Various Classes of Loans - Credit Risk Profile Based on Payment Activity and Accrual Status | Consumer Credit Exposure | ||||||||||||||||||||||||||||||||
Credit Risk Profile Based on Payment Activity and Accrual Status | |||||||||||||||||||||||||||||||||
(in thousands) | March 31, 2015 | December 31, 2014 | |||||||||||||||||||||||||||||||
Originated | Acquired | FDIC | Total | Originated | Acquired | FDIC | Total | ||||||||||||||||||||||||||
acquired | acquired | ||||||||||||||||||||||||||||||||
Performing | $ | 1,736,438 | $ | 25 | $ | 16,969 | $ | 1,753,432 | $ | 1,678,069 | $ | 985 | $ | 19,525 | $ | 1,698,579 | |||||||||||||||||
Nonperforming | 6,372 | — | — | 6,372 | 7,473 | — | 174 | 7,647 | |||||||||||||||||||||||||
Total | $ | 1,742,810 | $ | 25 | $ | 16,969 | $ | 1,759,804 | $ | 1,685,542 | $ | 985 | $ | 19,699 | $ | 1,706,226 | |||||||||||||||||
Troubled Debt Restructurings That Subsequently Defaulted [Member] | |||||||||||||||||||||||||||||||||
Schedule of Troubled Debt Restructurings Occurred During Period by Portfolio Segment | The table below details TDRs that subsequently defaulted within twelve months of modification. | ||||||||||||||||||||||||||||||||
Three Months Ended | |||||||||||||||||||||||||||||||||
(in thousands) | 31-Mar-15 | 31-Mar-14 | |||||||||||||||||||||||||||||||
Troubled Debt Restructurings: | Number | Recorded | Number | Recorded | |||||||||||||||||||||||||||||
of | Investment | of | Investment | ||||||||||||||||||||||||||||||
Contracts | Contracts | ||||||||||||||||||||||||||||||||
Originated loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | — | $ | — | 1 | $ | 926 | |||||||||||||||||||||||||||
Construction and land development | — | — | — | — | |||||||||||||||||||||||||||||
Commercial real estate | — | — | — | — | |||||||||||||||||||||||||||||
Residential mortgages | — | — | — | — | |||||||||||||||||||||||||||||
Consumer | — | — | — | — | |||||||||||||||||||||||||||||
Total originated loans | — | $ | — | 1 | $ | 926 | |||||||||||||||||||||||||||
Acquired loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | — | $ | — | — | $ | — | |||||||||||||||||||||||||||
Construction and land development | — | — | — | — | |||||||||||||||||||||||||||||
Commercial real estate | — | — | — | — | |||||||||||||||||||||||||||||
Residential mortgages | — | — | — | — | |||||||||||||||||||||||||||||
Consumer | — | — | — | — | |||||||||||||||||||||||||||||
Total acquired loans | — | $ | — | — | $ | — | |||||||||||||||||||||||||||
FDIC acquired loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | — | $ | — | — | $ | — | |||||||||||||||||||||||||||
Construction and land development | — | — | — | — | |||||||||||||||||||||||||||||
Commercial real estate | — | — | — | — | |||||||||||||||||||||||||||||
Residential mortgages | — | — | — | — | |||||||||||||||||||||||||||||
Consumer | — | — | — | — | |||||||||||||||||||||||||||||
Total FDIC acquired loans | — | $ | — | — | $ | — | |||||||||||||||||||||||||||
Total loans: | |||||||||||||||||||||||||||||||||
Commercial non-real estate | — | $ | — | 1 | $ | 926 | |||||||||||||||||||||||||||
Construction and land development | — | — | — | — | |||||||||||||||||||||||||||||
Commercial real estate | — | — | — | — | |||||||||||||||||||||||||||||
Residential mortgages | — | — | — | — | |||||||||||||||||||||||||||||
Consumer | — | — | — | — | |||||||||||||||||||||||||||||
Total loans | — | $ | — | 1 | $ | 926 | |||||||||||||||||||||||||||
LongTerm_Debt_Tables
Long-Term Debt (Tables) | 3 Months Ended | ||||||||
Mar. 31, 2015 | |||||||||
Debt Disclosure [Abstract] | |||||||||
Long-Term Debt | Long-term debt consisted of the following: | ||||||||
(in thousands) | March 31, | December 31, | |||||||
2015 | 2014 | ||||||||
Subordinated notes payable maturing June 2045 | $ | 150,000 | $ | — | |||||
Subordinated notes payable maturing April 2017 | 98,011 | 98,011 | |||||||
Term note payable maturing December 2015 | 140,800 | 149,600 | |||||||
Other long-term debt | 127,196 | 126,760 | |||||||
Total long-term debt | $ | 516,007 | $ | 374,371 | |||||
Fair_Value_Tables
Fair Value (Tables) | 3 Months Ended | ||||||||||||||||||||
Mar. 31, 2015 | |||||||||||||||||||||
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 on a recurring basis in the consolidated balance sheets. | ||||||||||||||||||||
March 31, 2015 | |||||||||||||||||||||
(in thousands) | Level 1 | Level 2 | Total | ||||||||||||||||||
Assets | |||||||||||||||||||||
Available for sale debt securities: | |||||||||||||||||||||
U.S. Treasury and government agency securities | $ | — | $ | 99,416 | $ | 99,416 | |||||||||||||||
Municipal obligations | — | 12,965 | 12,965 | ||||||||||||||||||
Corporate debt securities | — | 3,500 | 3,500 | ||||||||||||||||||
Mortgage-backed securities | — | 1,474,789 | 1,474,789 | ||||||||||||||||||
Collateralized mortgage obligations | — | 232,112 | 232,112 | ||||||||||||||||||
Equity securities | 2,826 | — | 2,826 | ||||||||||||||||||
Total available for sale securities | 2,826 | 1,822,782 | 1,825,608 | ||||||||||||||||||
Derivative assets (1) | — | 28,562 | 28,562 | ||||||||||||||||||
Total recurring fair value measurements - assets | $ | 2,826 | $ | 1,851,344 | $ | 1,854,170 | |||||||||||||||
Liabilities | |||||||||||||||||||||
Derivative liabilities (1) | $ | — | $ | 29,379 | $ | 29,379 | |||||||||||||||
Total recurring fair value measurements - liabilities | $ | — | $ | 29,379 | $ | 29,379 | |||||||||||||||
-1 | For further disaggregation of derivative assets and liabilities, see Note 6 - Derivatives. | ||||||||||||||||||||
December 31, 2014 | |||||||||||||||||||||
(in thousands) | Level 1 | Level 2 | Total | ||||||||||||||||||
Assets | |||||||||||||||||||||
Available for sale debt securities: | |||||||||||||||||||||
U.S. Treasury and government agency securities | $ | — | $ | 300,508 | $ | 300,508 | |||||||||||||||
Municipal obligations | — | 14,176 | 14,176 | ||||||||||||||||||
Corporate debt securities | — | 3,500 | 3,500 | ||||||||||||||||||
Mortgage-backed securities | — | 1,245,564 | 1,245,564 | ||||||||||||||||||
Collateralized mortgage obligations | — | 86,864 | 86,864 | ||||||||||||||||||
Equity securities | 9,553 | — | 9,553 | ||||||||||||||||||
Total available for sale securities | 9,553 | 1,650,612 | 1,660,165 | ||||||||||||||||||
Derivative assets (1) | — | 19,432 | 19,432 | ||||||||||||||||||
Total recurring fair value measurements - assets | $ | 9,553 | $ | 1,670,044 | $ | 1,679,597 | |||||||||||||||
Liabilities | |||||||||||||||||||||
Derivative liabilities (1) | $ | — | $ | 20,860 | $ | 20,860 | |||||||||||||||
Total recurring fair value measurements - liabilities | $ | — | $ | 20,860 | $ | 20,860 | |||||||||||||||
-1 | For further disaggregation of derivative assets and liabilities, see Note 6 - Derivatives. | ||||||||||||||||||||
Schedule of Financial Assets Measured at Fair Value on Nonrecurring Basis | The following tables present the Company’s financial assets that are measured at fair value on a nonrecurring basis for each of the fair value hierarchy levels. | ||||||||||||||||||||
March 31, 2015 | |||||||||||||||||||||
(in thousands) | Level 1 | Level 2 | Level 3 | Total | |||||||||||||||||
Collateral-dependent impaired loans | $ | — | $ | 33,818 | $ | — | $ | 33,818 | |||||||||||||
Other real estate owned | — | — | 18,414 | 18,414 | |||||||||||||||||
Total nonrecurring fair value measurements | $ | — | $ | 33,818 | $ | 18,414 | $ | 52,232 | |||||||||||||
December 31, 2014 | |||||||||||||||||||||
(in thousands) | Level 1 | Level 2 | Level 3 | Total | |||||||||||||||||
Collateral-dependent impaired loans | $ | — | $ | 30,204 | $ | — | $ | 30,204 | |||||||||||||
Other real estate owned | — | — | 29,715 | 29,715 | |||||||||||||||||
Total nonrecurring fair value measurements | $ | — | $ | 30,204 | $ | 29,715 | $ | 59,919 | |||||||||||||
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 March 31, 2015 and December 31, 2014: | ||||||||||||||||||||
March 31, 2015 | |||||||||||||||||||||
(in thousands) | Level 1 | Level 2 | Level 3 | Total Fair | Carrying | ||||||||||||||||
Value | Amount | ||||||||||||||||||||
Financial assets: | |||||||||||||||||||||
Cash, interest-bearing bank deposits, and federal funds sold | $ | 849,533 | $ | — | $ | — | $ | 849,533 | $ | 849,533 | |||||||||||
Available for sale securities | 2,826 | 1,822,782 | — | 1,825,608 | 1,825,608 | ||||||||||||||||
Held to maturity securities | — | 2,316,118 | — | 2,316,118 | 2,282,296 | ||||||||||||||||
Loans, net | — | 33,818 | 13,833,218 | 13,867,036 | 13,796,000 | ||||||||||||||||
Loans held for sale | — | 19,950 | — | 19,950 | 19,950 | ||||||||||||||||
Derivative financial instruments | — | 28,562 | — | 28,562 | 28,562 | ||||||||||||||||
Financial liabilities: | |||||||||||||||||||||
Deposits | $ | — | $ | — | $ | 16,430,295 | $ | 16,430,295 | $ | 16,860,485 | |||||||||||
Federal funds purchased | 11,175 | — | — | 11,175 | 11,175 | ||||||||||||||||
Securities sold under agreements to repurchase | 544,075 | — | — | 544,075 | 544,075 | ||||||||||||||||
FHLB borrowings | 200,000 | — | — | 200,000 | 200,000 | ||||||||||||||||
Long-term debt | — | 508,095 | — | 508,095 | 516,007 | ||||||||||||||||
Derivative financial instruments | — | 29,379 | — | 29,379 | 29,379 | ||||||||||||||||
December 31, 2014 | |||||||||||||||||||||
(in thousands) | Level 1 | Level 2 | Level 3 | Total Fair | Carrying | ||||||||||||||||
Value | Amount | ||||||||||||||||||||
Financial assets: | |||||||||||||||||||||
Cash, interest-bearing bankdeposits, and federal funds sold | $ | 1,159,403 | $ | — | $ | — | $ | 1,159,403 | $ | 1,159,403 | |||||||||||
Available for sale securities | 9,553 | 1,650,612 | — | 1,660,165 | 1,660,165 | ||||||||||||||||
Held to maturity securities | — | 2,186,340 | — | 2,186,340 | 2,166,289 | ||||||||||||||||
Loans, net | — | 30,204 | 13,672,427 | 13,702,631 | 13,766,514 | ||||||||||||||||
Loans held for sale | — | 20,252 | — | 20,252 | 20,252 | ||||||||||||||||
Derivative financial instruments | — | 19,432 | — | 19,432 | 19,432 | ||||||||||||||||
Financial liabilities: | |||||||||||||||||||||
Deposits | $ | — | $ | — | $ | 16,398,878 | $ | 16,398,878 | $ | 16,572,831 | |||||||||||
Federal funds purchased | 12,000 | — | — | 12,000 | 12,000 | ||||||||||||||||
Securities sold under agreements to repurchase | 624,573 | — | — | 624,573 | 624,573 | ||||||||||||||||
FHLB borrowings | 515,000 | — | — | — | 515,000 | ||||||||||||||||
Long-term debt | — | 346,379 | — | 346,379 | 374,371 | ||||||||||||||||
Derivative financial instruments | — | 20,860 | — | 20,860 | 20,860 |
Derivatives_Tables
Derivatives (Tables) | 3 Months Ended | ||||||||||||||||||||||||||
Mar. 31, 2015 | |||||||||||||||||||||||||||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |||||||||||||||||||||||||||
Fair Values of Derivative Instruments on Balance Sheet | |||||||||||||||||||||||||||
The table below presents the notional amounts and fair values of the Company’s derivative financial instruments as well as their classification on the consolidated balance sheets as of March 31, 2015 and December 31, 2014. | |||||||||||||||||||||||||||
Fair Values (1) | |||||||||||||||||||||||||||
Type of | Notional Amounts | Assets | Liabilities | ||||||||||||||||||||||||
(in thousands) | Hedge | March 31, | December 31, | March 31, | December 31, | March 31, | December 31, | ||||||||||||||||||||
2015 | 2014 | 2015 | 2014 | 2015 | 2014 | ||||||||||||||||||||||
Derivatives designated as hedging instruments: | |||||||||||||||||||||||||||
Interest rate swaps | Cash Flow | $ | 300,000 | $ | 300,000 | $ | 399 | $ | — | $ | — | $ | 592 | ||||||||||||||
$ | 300,000 | $ | 300,000 | $ | 399 | $ | — | $ | — | $ | 592 | ||||||||||||||||
Derivatives not designated as hedging instruments: | |||||||||||||||||||||||||||
Interest rate swaps (2) | N/A | $ | 754,970 | $ | 747,754 | $ | 22,914 | $ | 17,806 | $ | 23,830 | $ | 18,419 | ||||||||||||||
Risk participation agreements | N/A | 79,887 | 80,438 | 127 | 125 | 241 | 208 | ||||||||||||||||||||
Forward commitments to sell residential mortgage loans | N/A | 70,421 | 52,238 | 55 | 80 | 764 | 250 | ||||||||||||||||||||
Interest rate-lock commitments on residential mortgage loans | N/A | 51,986 | 33,068 | 577 | 111 | 25 | 44 | ||||||||||||||||||||
Foreign exchange forward contracts | N/A | 68,756 | 89,432 | 4,490 | 1,310 | 4,519 | 1,347 | ||||||||||||||||||||
$ | 1,026,020 | $ | 1,002,930 | $ | 28,163 | $ | 19,432 | $ | 29,379 | $ | 20,268 | ||||||||||||||||
-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 March 31, 2015 and December 31, 2014 is presented in the following tables: | ||||||||||||||||||||||||||
Gross | Gross | Net | Gross Amounts Not Offset in the | ||||||||||||||||||||||||
Amounts | Amounts | Amounts | Statement of Financial Position | ||||||||||||||||||||||||
Recognized | Offset in the | Presented | |||||||||||||||||||||||||
Statement of | in the | ||||||||||||||||||||||||||
Financial | Statement of | ||||||||||||||||||||||||||
Position | Financial | ||||||||||||||||||||||||||
(in thousands) | Position | Financial | Cash | Net | |||||||||||||||||||||||
Instruments | Collateral | Amount | |||||||||||||||||||||||||
As of March 31, 2015 | |||||||||||||||||||||||||||
Derivative Assets | $ | 23,041 | $ | — | $ | 23,041 | $ | 189 | $ | — | $ | 22,852 | |||||||||||||||
Total | $ | 23,041 | $ | — | $ | 23,041 | $ | 189 | $ | — | $ | 22,852 | |||||||||||||||
Derivative Liabilities | $ | 24,071 | $ | — | $ | 24,071 | $ | 189 | $ | 27,118 | $ | (3,236 | ) | ||||||||||||||
Total | $ | 24,071 | $ | — | $ | 24,071 | $ | 189 | $ | 27,118 | $ | (3,236 | ) | ||||||||||||||
As of December 31, 2014 | |||||||||||||||||||||||||||
Derivative Assets | $ | 17,931 | $ | — | $ | 17,931 | $ | 936 | $ | — | $ | 16,995 | |||||||||||||||
Total | $ | 17,931 | $ | — | $ | 17,931 | $ | 936 | $ | — | $ | 16,995 | |||||||||||||||
Derivative Liabilities | $ | 18,627 | $ | — | $ | 18,627 | $ | 936 | $ | 17,343 | $ | 348 | |||||||||||||||
Total | $ | 18,627 | $ | — | $ | 18,627 | $ | 936 | $ | 17,343 | $ | 348 | |||||||||||||||
Stockholders_Equity_Tables
Stockholders' Equity (Tables) | 3 Months Ended | ||||||||||||||||||||
Mar. 31, 2015 | |||||||||||||||||||||
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 | Employee | Loss on | Total | ||||||||||||||||
for Sale | Securities | Benefit | Effective | ||||||||||||||||||
Securities | Transferred | Plans | Cash | ||||||||||||||||||
from AFS | Flow | ||||||||||||||||||||
Hedges | |||||||||||||||||||||
Balance, December 31, 2013 | $ | 8,263 | $ | (21,189 | ) | $ | (22,453 | ) | $ | — | $ | (35,379 | ) | ||||||||
Other comprehensive income before income taxes: | |||||||||||||||||||||
Net change in unrealized (loss) gain | 4,514 | — | — | — | 4,514 | ||||||||||||||||
Reclassification of net losses realized and included in earnings | — | — | 53 | — | 53 | ||||||||||||||||
Amortization of unrealized net loss on securities transferred to HTM | — | 665 | — | — | 665 | ||||||||||||||||
Income tax expense | 1,598 | 225 | 19 | — | 1,842 | ||||||||||||||||
Balance, March 31, 2014 | $ | 11,179 | $ | (20,749 | ) | $ | (22,419 | ) | $ | — | $ | (31,989 | ) | ||||||||
Balance, December 31, 2014 | $ | 18,001 | $ | (19,074 | ) | $ | (48,626 | ) | $ | (375 | ) | $ | (50,074 | ) | |||||||
Other comprehensive income before income taxes: | |||||||||||||||||||||
Net change in unrealized gain | 4,421 | — | — | 992 | 5,413 | ||||||||||||||||
Reclassification of net losses realized and included in earnings | (165 | ) | — | 770 | — | 605 | |||||||||||||||
Amortization of unrealized net loss on securities transferred to HTM | — | 647 | — | — | 647 | ||||||||||||||||
Income tax expense | 1,481 | 238 | 280 | 361 | 2,360 | ||||||||||||||||
Balance, March 31, 2015 | $ | 20,776 | $ | (18,665 | ) | $ | (48,136 | ) | $ | 256 | $ | (45,769 | ) | ||||||||
Summary of Line Item Affected by Amounts Reclassified from Accumulated Other Comprehensive Income | The following table shows the line item affected by amounts reclassified from accumulated other comprehensive income: | ||||||||||||||||||||
Amount reclassified from AOCI | Three Months Ended | Increase (decrease) in | |||||||||||||||||||
March 31, | affected line item on the | ||||||||||||||||||||
(in thousands) | 2015 | 2014 | income statement | ||||||||||||||||||
Gain on sale of AFS securities | $ | 165 | $ | — | Securities gains (losses) | ||||||||||||||||
Tax effect | 58 | — | Income taxes | ||||||||||||||||||
Net of tax | 107 | — | Net income | ||||||||||||||||||
Amortization/accretion of unrealized net gain/(loss) on securities transferred to HTM | $ | 647 | $ | 665 | Interest income | ||||||||||||||||
Tax effect | 238 | 225 | Income taxes | ||||||||||||||||||
Net of tax | 409 | 440 | Net income | ||||||||||||||||||
Amortization of defined benefit pension and post-retirement items | $ | 770 | $ | 53 | (a) Employee benefits expense | ||||||||||||||||
Tax effect | 280 | 19 | Income taxes | ||||||||||||||||||
Net of tax | 490 | 34 | Net income | ||||||||||||||||||
Total reclassifications, net of tax | $ | 1,006 | $ | 474 | 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 Note 10 for additional details). |
Earnings_Per_Share_Tables
Earnings Per Share (Tables) | 3 Months Ended | ||||||||
Mar. 31, 2015 | |||||||||
Earnings Per Share [Abstract] | |||||||||
Computation of Earnings Per Common Share | A summary of the information used in the computation of earnings per common share follows: | ||||||||
Three Months Ended | |||||||||
March 31, | |||||||||
(in thousands, except per share data) | 2015 | 2014 | |||||||
Numerator: | |||||||||
Net income to common shareholders | $ | 40,159 | $ | 49,115 | |||||
Net income allocated to participating securities - basic and diluted | 935 | 1,081 | |||||||
Net income allocated to common shareholders - basic and diluted | $ | 39,224 | $ | 48,034 | |||||
Denominator: | |||||||||
Weighted-average common shares - basic | 79,496 | 82,277 | |||||||
Dilutive potential common shares | 165 | 257 | |||||||
Weighted-average common shares - diluted | 79,661 | 82,534 | |||||||
Earnings per common share: | |||||||||
Basic | $ | 0.49 | $ | 0.58 | |||||
Diluted | $ | 0.49 | $ | 0.58 |
ShareBased_Payment_Arrangement1
Share-Based Payment Arrangements (Tables) | 3 Months Ended | ||||||||||||||||
Mar. 31, 2015 | |||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |||||||||||||||||
Schedule of Option Activity Under Stock Option Plans | A summary of option activity for the three months ended March 31, 2015 is presented below: | ||||||||||||||||
Options | Number | Weighted | Weighted | Aggregate | |||||||||||||
of Shares | Average | Average | Intrinsic | ||||||||||||||
Exercise | Remaining | Value | |||||||||||||||
Price | Contractual | $0 | |||||||||||||||
Term | |||||||||||||||||
(Years) | |||||||||||||||||
Outstanding at January 1, 2015 | 933,750 | $ | 37.03 | ||||||||||||||
Exercised | — | — | |||||||||||||||
Cancelled/Forfeited | (11,473 | ) | 36.79 | ||||||||||||||
Expired | (75,480 | ) | 31.2 | ||||||||||||||
Outstanding at March 31, 2015 | 846,797 | $ | 37.55 | 4.4 | $ | 15 | |||||||||||
Exercisable at March 31, 2015 | 691,344 | $ | 39.2 | 3.8 | $ | 6 | |||||||||||
Schedule of Nonvested Restricted and Performance Shares | A summary of the status of the Company’s nonvested restricted and performance shares as of March 31, 2015 and changes during the three months ended March 31, 2015, is presented below. These restricted and performance shares are subject to service requirements. | ||||||||||||||||
Number of | Weighted | ||||||||||||||||
Shares | Average | ||||||||||||||||
Grant | |||||||||||||||||
Date Fair | |||||||||||||||||
Value | |||||||||||||||||
Nonvested at January 1, 2015 | 2,040,299 | $ | 32.27 | ||||||||||||||
Granted | 79,410 | 26.7 | |||||||||||||||
Vested | (19,136 | ) | 36.15 | ||||||||||||||
Forfeited | (63,796 | ) | 33.51 | ||||||||||||||
Nonvested at March 31, 2015 | 2,036,777 | $ | 31.98 | ||||||||||||||
Retirement_Plans_Tables
Retirement Plans (Tables) | 3 Months Ended | ||||||||||||||||
Mar. 31, 2015 | |||||||||||||||||
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 for the periods indicated: | ||||||||||||||||
Three Months Ended March 31, | |||||||||||||||||
(in thousands) | 2015 | 2014 | 2015 | 2014 | |||||||||||||
Pension benefits | Other Post- | ||||||||||||||||
retirement Benefits | |||||||||||||||||
Service cost | $ | 3,363 | $ | 3,425 | $ | 50 | $ | 37 | |||||||||
Interest cost | 4,619 | 4,809 | 369 | 338 | |||||||||||||
Expected return on plan assets | (8,213 | ) | (8,061 | ) | — | — | |||||||||||
Amortization of net loss | 644 | 8 | 125 | 157 | |||||||||||||
Net periodic benefit cost | $ | 413 | $ | 181 | $ | 544 | $ | 532 | |||||||||
Other_Noninterest_Income_Table
Other Noninterest Income (Tables) | 3 Months Ended | ||||||||
Mar. 31, 2015 | |||||||||
Equity [Abstract] | |||||||||
Components of Other Noninterest Income | Components of other noninterest income are as follows: | ||||||||
Three Months Ended | |||||||||
March 31, | |||||||||
(in thousands) | 2015 | 2014 | |||||||
Income from bank owned life insurance | $ | 2,666 | $ | 2,314 | |||||
Credit related fees | 2,457 | 2,732 | |||||||
(Loss) income from derivatives | (52 | ) | 759 | ||||||
Net gain on sale of assets | 7 | 1,682 | |||||||
Safety deposit box income | 486 | 513 | |||||||
Other miscellaneous | 2,680 | 2,427 | |||||||
Total other noninterest income | $ | 8,244 | $ | 10,427 | |||||
Other_Noninterest_Expense_Tabl
Other Noninterest Expense (Tables) | 3 Months Ended | ||||||||
Mar. 31, 2015 | |||||||||
Text Block [Abstract] | |||||||||
Components of Other Noninterest Expense | Components of other noninterest expense are as follows: | ||||||||
Three Months Ended | |||||||||
March 31, | |||||||||
(in thousands) | 2015 | 2014 | |||||||
Advertising | $ | 2,165 | $ | 1,759 | |||||
Ad valorem and franchise taxes | 2,715 | 2,661 | |||||||
Printing and supplies | 1,217 | 1,031 | |||||||
Insurance expense | 922 | 1,040 | |||||||
Travel expense | 1,219 | 896 | |||||||
Entertainment and contributions | 1,639 | 1,412 | |||||||
Tax credit investment amortization | 2,095 | 2,172 | |||||||
Other miscellaneous | 2,834 | 4,846 | |||||||
Total other noninterest expense | $ | 14,806 | $ | 15,817 | |||||
Securities_Amortized_Cost_and_
Securities - Amortized Cost and Fair Value of Available for Sale Securities (Detail) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Securities available for sale, amortized cost | $1,792,947 | $1,631,761 |
Securities available for sale, Gross Unrealized Gains | 36,193 | 32,543 |
Securities available for sale, Gross Unrealized Losses | 3,532 | 4,139 |
Securities Available for Sale, Fair Value | 1,825,608 | 1,660,165 |
U.S. Treasury and Government Agency Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Securities available for sale, amortized cost | 100,182 | 300,207 |
Securities available for sale, Gross Unrealized Gains | 372 | |
Securities available for sale, Gross Unrealized Losses | 766 | 71 |
Securities Available for Sale, Fair Value | 99,416 | 300,508 |
Municipal Obligations [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Securities available for sale, amortized cost | 12,734 | 13,995 |
Securities available for sale, Gross Unrealized Gains | 231 | 186 |
Securities available for sale, Gross Unrealized Losses | 5 | |
Securities Available for Sale, Fair Value | 12,965 | 14,176 |
Corporate Debt Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Securities available for sale, amortized cost | 3,500 | 3,500 |
Securities Available for Sale, Fair Value | 3,500 | 3,500 |
Equity Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Securities available for sale, amortized cost | 2,512 | 8,673 |
Securities available for sale, Gross Unrealized Gains | 322 | 891 |
Securities available for sale, Gross Unrealized Losses | 8 | 11 |
Securities Available for Sale, Fair Value | 2,826 | 9,553 |
Mortgage-Backed Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Securities available for sale, amortized cost | 1,441,474 | 1,217,293 |
Securities available for sale, Gross Unrealized Gains | 35,262 | 31,094 |
Securities available for sale, Gross Unrealized Losses | 1,947 | 2,823 |
Securities Available for Sale, Fair Value | 1,474,789 | 1,245,564 |
Collateralized Mortgage Obligations [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Securities available for sale, amortized cost | 232,545 | 88,093 |
Securities available for sale, Gross Unrealized Gains | 378 | |
Securities available for sale, Gross Unrealized Losses | 811 | 1,229 |
Securities Available for Sale, Fair Value | $232,112 | $86,864 |
Securities_Amortized_Cost_and_1
Securities - Amortized Cost and Fair Value of Held to Maturity Securities (Detail) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Securities Held to Maturity, Amortized Cost | $2,282,296 | $2,166,289 |
Securities Held to Maturity, Gross Unrealized Gains | 40,606 | 32,903 |
Securities Held to Maturity, Gross Unrealized Losses | 6,784 | 12,852 |
Securities Held to Maturity, Fair Value | 2,316,118 | 2,186,340 |
U.S. Treasury and Government Agency Securities [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Securities Held to Maturity, Amortized Cost | 200,000 | |
Securities Held to Maturity, Gross Unrealized Gains | 99 | |
Securities Held to Maturity, Gross Unrealized Losses | 149 | |
Securities Held to Maturity, Fair Value | 199,950 | |
Municipal Obligations [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Securities Held to Maturity, Amortized Cost | 183,206 | 180,615 |
Securities Held to Maturity, Gross Unrealized Gains | 4,003 | 3,416 |
Securities Held to Maturity, Gross Unrealized Losses | 634 | 1,144 |
Securities Held to Maturity, Fair Value | 186,575 | 182,887 |
Mortgage-Backed Securities [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Securities Held to Maturity, Amortized Cost | 873,729 | 899,923 |
Securities Held to Maturity, Gross Unrealized Gains | 28,061 | 23,897 |
Securities Held to Maturity, Gross Unrealized Losses | 162 | |
Securities Held to Maturity, Fair Value | 901,790 | 923,658 |
Collateralized Mortgage Obligations [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Securities Held to Maturity, Amortized Cost | 1,025,361 | 1,085,751 |
Securities Held to Maturity, Gross Unrealized Gains | 8,443 | 5,590 |
Securities Held to Maturity, Gross Unrealized Losses | 6,001 | 11,546 |
Securities Held to Maturity, Fair Value | $1,027,803 | $1,079,795 |
Securities_Amortized_Cost_and_2
Securities - Amortized Cost and Fair Value of Available for Sale Securities by Final Contractual Maturity (Detail) (USD $) | Mar. 31, 2015 |
In Thousands, unless otherwise specified | |
Amortized Cost And Estimated Fair Value Of Debt Securities By Contractual Maturity [Abstract] | |
Securities Available for Sale, Due in one year or less, Amortized Cost | $105,262 |
Securities Available for Sale, Due after one year through five years, Amortized Cost | 136,962 |
Securities Available for Sale, Due after five years through ten years, Amortized Cost | 232,151 |
Securities Available for Sale, Due after ten years, Amortized Cost | 1,316,060 |
Total available for sale securities, Amortized Cost | 1,790,435 |
Securities Available for Sale, Due in one year or less, Fair Value | 104,516 |
Securities Available for Sale, Due after one year through five years, Fair Value | 138,138 |
Securities Available for Sale, Due after five years through ten years, Fair Value | 240,235 |
Securities Available for Sale, Due after ten years, Fair Value | 1,339,893 |
Total available for sale securities, Fair Value | $1,822,782 |
Securities_Amortized_Cost_and_3
Securities - Amortized Cost and Fair Value of Held to Maturity Securities by Final Contractual Maturity (Detail) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Amortized Cost And Estimated Fair Value Of Debt Securities By Contractual Maturity [Abstract] | ||
Securities Held to Maturity, Due in one year or less, Amortized Cost | $425,253 | |
Securities Held to Maturity, Due after one year through five years, Amortized Cost | 387,765 | |
Securities Held to Maturity, Due after five years through ten years, Amortized Cost | 108,198 | |
Securities Held to Maturity, Due after ten years, Amortized Cost | 1,361,080 | |
Securities Held to Maturity, Amortized Cost | 2,282,296 | 2,166,289 |
Securities Held to Maturity, Due in one year or less, Fair Value | 427,208 | |
Securities Held to Maturity, Due after one year through five years, Fair Value | 386,448 | |
Securities Held to Maturity, Due after five years through ten years, Fair Value | 108,110 | |
Securities Held to Maturity, Due after ten years, Fair Value | 1,394,352 | |
Total Held to Maturity Securities, Fair Value | $2,316,118 | $2,186,340 |
Securities_Available_for_Sale_
Securities - Available for Sale Securities Unrealized Losses (Detail) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
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 | $228,780 | $147,898 |
Available for sale securities, Losses Less than 12 months, Gross Unrealized Losses | 1,028 | 248 |
Available for sale securities, Losses 12 months or longer, Fair value | 162,189 | 212,629 |
Available for sale securities, Losses 12 months or longer, Gross Unrealized Losses | 2,504 | 3,891 |
Available for sale securities, Total, Fair value | 390,969 | 360,527 |
Available for sale securities, Total, Gross Unrealized Losses | 3,532 | 4,139 |
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 | 1,848 | 5,998 |
Available for sale securities, Losses Less than 12 months, Gross Unrealized Losses | 6 | 10 |
Available for sale securities, Losses 12 months or longer, Fair value | 2 | 3 |
Available for sale securities, Losses 12 months or longer, Gross Unrealized Losses | 2 | 1 |
Available for sale securities, Total, Fair value | 1,850 | 6,001 |
Available for sale securities, Total, Gross Unrealized Losses | 8 | 11 |
U.S. Treasury and Government Agency Securities [Member] | ||
Unrealized Loss And Fair Value Available For Sale Securities [Line Items] | ||
Available for sale securities, Losses less than 12 months, Fair Value | 99,249 | 99,950 |
Available for sale securities, Losses Less than 12 months, Gross Unrealized Losses | 765 | 70 |
Available for sale securities, Losses 12 months or longer, Fair value | 106 | 121 |
Available for sale securities, Losses 12 months or longer, Gross Unrealized Losses | 1 | 1 |
Available for sale securities, Total, Fair value | 99,355 | 100,071 |
Available for sale securities, Total, Gross Unrealized Losses | 766 | 71 |
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 | 2,995 | |
Available for sale securities, Losses Less than 12 months, Gross Unrealized Losses | 5 | |
Available for sale securities, Total, Fair value | 2,995 | |
Available for sale securities, Total, Gross Unrealized Losses | 5 | |
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 | 23,484 | 38,955 |
Available for sale securities, Losses Less than 12 months, Gross Unrealized Losses | 152 | 163 |
Available for sale securities, Losses 12 months or longer, Fair value | 124,102 | 125,641 |
Available for sale securities, Losses 12 months or longer, Gross Unrealized Losses | 1,795 | 2,660 |
Available for sale securities, Total, Fair value | 147,586 | 164,596 |
Available for sale securities, Total, Gross Unrealized Losses | 1,947 | 2,823 |
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 | 104,199 | |
Available for sale securities, Losses Less than 12 months, Gross Unrealized Losses | 105 | |
Available for sale securities, Losses 12 months or longer, Fair value | 37,979 | 86,864 |
Available for sale securities, Losses 12 months or longer, Gross Unrealized Losses | 706 | 1,229 |
Available for sale securities, Total, Fair value | 142,178 | 86,864 |
Available for sale securities, Total, Gross Unrealized Losses | $811 | $1,229 |
Securities_Held_to_Maturity_wi
Securities - Held to Maturity with Unrealized Losses (Detail) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Held to maturity securities, Losses less than 12 months, Fair Value | $193,229 | $123,538 |
Held to maturity securities, Losses Less than 12 months, Gross Unrealized Losses | 595 | 628 |
Held to maturity securities, Losses 12 months or longer, Fair value | 437,054 | 694,234 |
Held to maturity securities, Losses 12 months or longer, Gross Unrealized Losses | 6,189 | 12,224 |
Held to maturity securities, Total, Fair value | 630,283 | 817,772 |
Held to maturity securities, Total, Gross Unrealized Losses | 6,784 | 12,852 |
Municipal Obligations [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Held to maturity securities, Losses less than 12 months, Fair Value | 8,757 | 4,316 |
Held to maturity securities, Losses Less than 12 months, Gross Unrealized Losses | 17 | 12 |
Held to maturity securities, Losses 12 months or longer, Fair value | 49,110 | 58,105 |
Held to maturity securities, Losses 12 months or longer, Gross Unrealized Losses | 617 | 1,132 |
Held to maturity securities, Total, Fair value | 57,867 | 62,421 |
Held to maturity securities, Total, Gross Unrealized Losses | 634 | 1,144 |
U.S. Treasury and Government Agency Securities [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Held to maturity securities, Losses less than 12 months, Fair Value | 99,851 | |
Held to maturity securities, Losses Less than 12 months, Gross Unrealized Losses | 149 | |
Held to maturity securities, Total, Fair value | 99,851 | |
Held to maturity securities, Total, Gross Unrealized Losses | 149 | |
Mortgage-Backed Securities [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Held to maturity securities, Losses 12 months or longer, Fair value | 95,522 | |
Held to maturity securities, Losses 12 months or longer, Gross Unrealized Losses | 162 | |
Held to maturity securities, Total, Fair value | 95,522 | |
Held to maturity securities, Total, Gross Unrealized Losses | 162 | |
Collateralized Mortgage Obligations [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Held to maturity securities, Losses less than 12 months, Fair Value | 84,621 | 119,222 |
Held to maturity securities, Losses Less than 12 months, Gross Unrealized Losses | 429 | 616 |
Held to maturity securities, Losses 12 months or longer, Fair value | 387,944 | 540,607 |
Held to maturity securities, Losses 12 months or longer, Gross Unrealized Losses | 5,572 | 10,930 |
Held to maturity securities, Total, Fair value | 472,565 | 659,829 |
Held to maturity securities, Total, Gross Unrealized Losses | $6,001 | $11,546 |
Securities_Additional_Informat
Securities - Additional Information (Detail) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Billions, unless otherwise specified | ||
Amortized Cost and Fair Value Debt Securities [Abstract] | ||
Securities pledged to secure public deposits and securities sold under agreements to repurchase | $3 | $3.20 |
Loans_and_Allowance_for_Loan_L2
Loans and Allowance for Loan Losses - Loans, Net of Unearned Income (Detail) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Loans Receivable [Line Items] | ||
Total FDIC acquired loans | $238,532 | $252,409 |
Total loans | 13,924,386 | 13,895,276 |
Commercial Non-Real Estate [Member] | ||
Loans Receivable [Line Items] | ||
Total FDIC acquired loans | 6,937 | 6,195 |
Total loans | 5,987,084 | 6,044,060 |
Construction and Land Development [Member] | ||
Loans Receivable [Line Items] | ||
Total FDIC acquired loans | 11,482 | 11,674 |
Total loans | 1,113,510 | 1,106,761 |
Commercial Real Estate [Member] | ||
Loans Receivable [Line Items] | ||
Total FDIC acquired loans | 27,777 | 27,808 |
Total loans | 3,150,103 | 3,144,048 |
Residential Mortgages [Member] | ||
Loans Receivable [Line Items] | ||
Total FDIC acquired loans | 175,367 | 187,033 |
Total loans | 1,913,885 | 1,894,181 |
Consumer [Member] | ||
Loans Receivable [Line Items] | ||
Total FDIC acquired loans | 16,969 | 19,699 |
Total loans | 1,759,804 | 1,706,226 |
Originated Loans [Member] | ||
Loans Receivable [Line Items] | ||
Total loans | 12,920,530 | 12,810,199 |
Originated Loans [Member] | Commercial Non-Real Estate [Member] | ||
Loans Receivable [Line Items] | ||
Total Commercial non-real estate | 5,861,887 | 5,917,728 |
Originated Loans [Member] | Construction and Land Development [Member] | ||
Loans Receivable [Line Items] | ||
Total Construction and land development | 1,087,449 | 1,073,964 |
Originated Loans [Member] | Commercial Real Estate [Member] | ||
Loans Receivable [Line Items] | ||
Total Commercial real estate | 2,492,351 | 2,428,195 |
Originated Loans [Member] | Residential Mortgages [Member] | ||
Loans Receivable [Line Items] | ||
Total Residential mortgages | 1,736,033 | 1,704,770 |
Originated Loans [Member] | Consumer [Member] | ||
Loans Receivable [Line Items] | ||
Total Consumer | 1,742,810 | 1,685,542 |
Acquired Loans [Member] | ||
Loans Receivable [Line Items] | ||
Total loans | 765,324 | 832,668 |
Acquired Loans [Member] | Commercial Non-Real Estate [Member] | ||
Loans Receivable [Line Items] | ||
Total Commercial non-real estate | 118,260 | 120,137 |
Acquired Loans [Member] | Construction and Land Development [Member] | ||
Loans Receivable [Line Items] | ||
Total Construction and land development | 14,579 | 21,123 |
Acquired Loans [Member] | Commercial Real Estate [Member] | ||
Loans Receivable [Line Items] | ||
Total Commercial real estate | 629,975 | 688,045 |
Acquired Loans [Member] | Residential Mortgages [Member] | ||
Loans Receivable [Line Items] | ||
Total Residential mortgages | 2,485 | 2,378 |
Acquired Loans [Member] | Consumer [Member] | ||
Loans Receivable [Line Items] | ||
Total Consumer | $25 | $985 |
Loans_and_Allowance_for_Loan_L3
Loans and Allowance for Loan Losses - Schedule of Activity in Loss Share Receivable (Detail) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
Receivables [Abstract] | ||
Beginning balance | $60,272 | $113,834 |
Amortization | -1,197 | -3,908 |
Charge-offs, write-downs and other recoveries | -1,475 | -452 |
External expenses qualifying under loss share agreement | 298 | 1,848 |
Changes due to changes in cash flow projections | -421 | -6,853 |
Net payments from FDIC | -7,580 | |
Ending balance | $49,897 | $104,469 |
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 | ||
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 | Dec. 31, 2014 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans and Leases receivable, Allowance, Beginning Balance | $128,762 | ||
Ending balance: FDIC acquired loans | 238,532 | 252,409 | |
Ending balance: Loans | 13,924,386 | 13,895,276 | |
Net provision for loan losses | -6,154 | -7,963 | |
(Decrease) increase in FDIC loss share receivable | -421 | -6,853 | |
Loans and Leases receivable, Allowance, Ending Balance | 128,386 | ||
Allowance for Loan Losses [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans and Leases receivable, Allowance, Beginning Balance | 128,762 | 133,626 | |
Charge-offs | -10,464 | -11,492 | |
Recoveries | 4,355 | 5,004 | |
Net provision for loan losses | 6,154 | 7,963 | |
(Decrease) increase in FDIC loss share receivable | -421 | -6,853 | |
Loans and Leases receivable, Allowance, Ending Balance | 128,386 | 128,248 | |
Ending balance: Individually evaluated for impairment | 1,092 | 2,752 | |
Ending balance: Amounts related to acquired-impaired loans | 27,638 | 43,429 | |
Ending balance: Collectively evaluated for impairment | 99,656 | 82,067 | |
Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: Loans | 13,924,386 | 12,527,937 | |
Ending balance: Individually evaluated for impairment | 41,279 | 40,140 | |
Ending balance: Acquired-impaired loans | 283,777 | 397,634 | |
Ending balance: Collectively evaluated for impairment | 13,599,330 | 12,090,163 | |
Commercial Non-Real Estate [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: FDIC acquired loans | 6,937 | 6,195 | |
Ending balance: Loans | 5,987,084 | 6,044,060 | |
Commercial Non-Real Estate [Member] | Allowance for Loan Losses [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans and Leases receivable, Allowance, Beginning Balance | 51,169 | 37,017 | |
Charge-offs | -1,824 | -2,432 | |
Recoveries | 995 | 1,271 | |
Net provision for loan losses | 6,752 | 4,562 | |
(Decrease) increase in FDIC loss share receivable | -13 | -809 | |
Loans and Leases receivable, Allowance, Ending Balance | 57,079 | 39,609 | |
Ending balance: Individually evaluated for impairment | 529 | 1,545 | |
Ending balance: Amounts related to acquired-impaired loans | 783 | 1,877 | |
Ending balance: Collectively evaluated for impairment | 55,767 | 36,187 | |
Commercial Non-Real Estate [Member] | Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: Loans | 5,987,084 | 5,198,029 | |
Ending balance: Individually evaluated for impairment | 14,566 | 11,107 | |
Ending balance: Acquired-impaired loans | 15,645 | 27,541 | |
Ending balance: Collectively evaluated for impairment | 5,956,873 | 5,159,381 | |
Construction and Land Development [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: FDIC acquired loans | 11,482 | 11,674 | |
Ending balance: Loans | 1,113,510 | 1,106,761 | |
Construction and Land Development [Member] | Allowance for Loan Losses [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans and Leases receivable, Allowance, Beginning Balance | 6,421 | 8,845 | |
Charge-offs | -1,023 | -549 | |
Recoveries | 1,649 | 1,508 | |
Net provision for loan losses | -1,506 | -663 | |
(Decrease) increase in FDIC loss share receivable | -34 | -732 | |
Loans and Leases receivable, Allowance, Ending Balance | 5,507 | 8,409 | |
Ending balance: Individually evaluated for impairment | 71 | 540 | |
Ending balance: Amounts related to acquired-impaired loans | 1,098 | 2,290 | |
Ending balance: Collectively evaluated for impairment | 4,338 | 5,579 | |
Construction and Land Development [Member] | Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: Loans | 1,113,510 | 978,798 | |
Ending balance: Individually evaluated for impairment | 4,381 | 11,785 | |
Ending balance: Acquired-impaired loans | 24,283 | 37,078 | |
Ending balance: Collectively evaluated for impairment | 1,084,846 | 929,935 | |
Commercial Real Estate [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: FDIC acquired loans | 27,777 | 27,808 | |
Ending balance: Loans | 3,150,103 | 3,144,048 | |
Commercial Real Estate [Member] | Allowance for Loan Losses [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans and Leases receivable, Allowance, Beginning Balance | 21,082 | 31,612 | |
Charge-offs | -2,619 | -3,840 | |
Recoveries | 110 | 467 | |
Net provision for loan losses | -987 | 1,118 | |
(Decrease) increase in FDIC loss share receivable | 1,207 | -507 | |
Loans and Leases receivable, Allowance, Ending Balance | 18,793 | 28,850 | |
Ending balance: Individually evaluated for impairment | 401 | 471 | |
Ending balance: Amounts related to acquired-impaired loans | 3,215 | 7,419 | |
Ending balance: Collectively evaluated for impairment | 15,177 | 20,960 | |
Commercial Real Estate [Member] | Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: Loans | 3,150,103 | 3,069,316 | |
Ending balance: Individually evaluated for impairment | 19,789 | 14,699 | |
Ending balance: Acquired-impaired loans | 49,003 | 82,068 | |
Ending balance: Collectively evaluated for impairment | 3,081,311 | 2,972,549 | |
Residential Mortgages [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: FDIC acquired loans | 175,367 | 187,033 | |
Ending balance: Loans | 1,913,885 | 1,894,181 | |
Residential Mortgages [Member] | Allowance for Loan Losses [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans and Leases receivable, Allowance, Beginning Balance | 28,660 | 34,881 | |
Charge-offs | -1,302 | -549 | |
Recoveries | 305 | 100 | |
Net provision for loan losses | 543 | 225 | |
(Decrease) increase in FDIC loss share receivable | -1,171 | -2,666 | |
Loans and Leases receivable, Allowance, Ending Balance | 27,035 | 31,991 | |
Ending balance: Individually evaluated for impairment | 88 | 196 | |
Ending balance: Amounts related to acquired-impaired loans | 19,150 | 24,903 | |
Ending balance: Collectively evaluated for impairment | 7,797 | 6,892 | |
Residential Mortgages [Member] | Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: Loans | 1,913,885 | 1,720,307 | |
Ending balance: Individually evaluated for impairment | 2,423 | 2,549 | |
Ending balance: Acquired-impaired loans | 177,852 | 204,571 | |
Ending balance: Collectively evaluated for impairment | 1,733,610 | 1,513,187 | |
Consumer [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: FDIC acquired loans | 16,969 | 19,699 | |
Ending balance: Loans | 1,759,804 | 1,706,226 | |
Consumer [Member] | Allowance for Loan Losses [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans and Leases receivable, Allowance, Beginning Balance | 21,430 | 21,271 | |
Charge-offs | -3,696 | -4,122 | |
Recoveries | 1,296 | 1,658 | |
Net provision for loan losses | 1,352 | 2,721 | |
(Decrease) increase in FDIC loss share receivable | -410 | -2,139 | |
Loans and Leases receivable, Allowance, Ending Balance | 19,972 | 19,389 | |
Ending balance: Individually evaluated for impairment | 3 | ||
Ending balance: Amounts related to acquired-impaired loans | 3,392 | 6,940 | |
Ending balance: Collectively evaluated for impairment | 16,577 | 12,449 | |
Consumer [Member] | Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: Loans | 1,759,804 | 1,561,487 | |
Ending balance: Individually evaluated for impairment | 120 | ||
Ending balance: Acquired-impaired loans | 16,994 | 46,376 | |
Ending balance: Collectively evaluated for impairment | 1,742,690 | 1,515,111 | |
Originated Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: Loans | 12,920,530 | 12,810,199 | |
Originated Loans [Member] | Allowance for Loan Losses [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Allowance for loan losses, Beginning Balance | 97,701 | 78,885 | |
Charge-offs | -7,460 | -7,482 | |
Recoveries | 3,806 | 3,504 | |
Net provision for loan losses | 6,447 | 4,653 | |
Allowance for loan losses, Ending Balance | 100,494 | 79,560 | |
Ending balance: Individually evaluated for impairment | 838 | 2,350 | |
Ending balance: Collectively evaluated for impairment | 99,656 | 77,210 | |
Originated Loans [Member] | Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: Loans | 12,920,530 | 9,924,364 | |
Ending balance: Individually evaluated for impairment | 38,700 | 35,140 | |
Ending balance: Collectively evaluated for impairment | 12,881,830 | 9,889,224 | |
Originated Loans [Member] | Commercial Non-Real Estate [Member] | Allowance for Loan Losses [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Allowance for loan losses, Beginning Balance | 50,258 | 33,091 | |
Charge-offs | -1,697 | -2,386 | |
Recoveries | 981 | 826 | |
Net provision for loan losses | 6,754 | 2,202 | |
Allowance for loan losses, Ending Balance | 56,296 | 33,733 | |
Ending balance: Individually evaluated for impairment | 529 | 1,457 | |
Ending balance: Collectively evaluated for impairment | 55,767 | 32,276 | |
Originated Loans [Member] | Commercial Non-Real Estate [Member] | Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: Loans | 5,861,887 | 4,353,549 | |
Ending balance: Individually evaluated for impairment | 14,566 | 9,109 | |
Ending balance: Collectively evaluated for impairment | 5,847,321 | 4,344,440 | |
Originated Loans [Member] | Construction and Land Development [Member] | Allowance for Loan Losses [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Allowance for loan losses, Beginning Balance | 5,413 | 6,180 | |
Charge-offs | -747 | -91 | |
Recoveries | 1,243 | 651 | |
Net provision for loan losses | -1,500 | -739 | |
Allowance for loan losses, Ending Balance | 4,409 | 6,001 | |
Ending balance: Individually evaluated for impairment | 71 | 508 | |
Ending balance: Collectively evaluated for impairment | 4,338 | 5,493 | |
Originated Loans [Member] | Construction and Land Development [Member] | Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: Loans | 1,087,449 | 824,837 | |
Ending balance: Individually evaluated for impairment | 4,381 | 11,064 | |
Ending balance: Collectively evaluated for impairment | 1,083,068 | 813,773 | |
Originated Loans [Member] | Commercial Real Estate [Member] | Allowance for Loan Losses [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Allowance for loan losses, Beginning Balance | 16,544 | 20,649 | |
Charge-offs | -251 | -723 | |
Recoveries | -3 | 331 | |
Net provision for loan losses | -966 | 716 | |
Allowance for loan losses, Ending Balance | 15,324 | 20,973 | |
Ending balance: Individually evaluated for impairment | 147 | 189 | |
Ending balance: Collectively evaluated for impairment | 15,177 | 20,784 | |
Originated Loans [Member] | Commercial Real Estate [Member] | Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: Loans | 2,492,351 | 2,110,096 | |
Ending balance: Individually evaluated for impairment | 17,210 | 12,418 | |
Ending balance: Collectively evaluated for impairment | 2,475,141 | 2,097,678 | |
Originated Loans [Member] | Residential Mortgages [Member] | Allowance for Loan Losses [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Allowance for loan losses, Beginning Balance | 8,051 | 6,892 | |
Charge-offs | -1,209 | -241 | |
Recoveries | 305 | 94 | |
Net provision for loan losses | 738 | -153 | |
Allowance for loan losses, Ending Balance | 7,885 | 6,592 | |
Ending balance: Individually evaluated for impairment | 88 | 196 | |
Ending balance: Collectively evaluated for impairment | 7,797 | 6,396 | |
Originated Loans [Member] | Residential Mortgages [Member] | Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: Loans | 1,736,033 | 1,228,170 | |
Ending balance: Individually evaluated for impairment | 2,423 | 2,549 | |
Ending balance: Collectively evaluated for impairment | 1,733,610 | 1,225,621 | |
Originated Loans [Member] | Consumer [Member] | Allowance for Loan Losses [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Allowance for loan losses, Beginning Balance | 17,435 | 12,073 | |
Charge-offs | -3,556 | -4,041 | |
Recoveries | 1,280 | 1,602 | |
Net provision for loan losses | 1,421 | 2,627 | |
Allowance for loan losses, Ending Balance | 16,580 | 12,261 | |
Ending balance: Individually evaluated for impairment | 3 | ||
Ending balance: Collectively evaluated for impairment | 16,577 | 12,261 | |
Originated Loans [Member] | Consumer [Member] | Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: Loans | 1,742,810 | 1,407,712 | |
Ending balance: Individually evaluated for impairment | 120 | ||
Ending balance: Collectively evaluated for impairment | 1,742,690 | 1,407,712 | |
Acquired Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: Loans | 765,324 | 832,668 | |
Acquired Loans [Member] | Allowance for Loan Losses [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Allowance for loan losses, Beginning Balance | 477 | 1,647 | |
Net provision for loan losses | -223 | 3,612 | |
Allowance for loan losses, Ending Balance | 254 | 5,259 | |
Ending balance: Individually evaluated for impairment | 254 | 402 | |
Ending balance: Collectively evaluated for impairment | 4,857 | ||
Acquired Loans [Member] | Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: Loans | 765,324 | 2,272,436 | |
Ending balance: Individually evaluated for impairment | 2,579 | 5,000 | |
Ending balance: Acquired-impaired loans | 45,245 | 66,497 | |
Ending balance: Collectively evaluated for impairment | 717,500 | 2,200,939 | |
Acquired Loans [Member] | Commercial Non-Real Estate [Member] | Allowance for Loan Losses [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Allowance for loan losses, Beginning Balance | 1,603 | ||
Net provision for loan losses | 2,396 | ||
Allowance for loan losses, Ending Balance | 3,999 | ||
Ending balance: Individually evaluated for impairment | 88 | ||
Ending balance: Collectively evaluated for impairment | 3,911 | ||
Acquired Loans [Member] | Commercial Non-Real Estate [Member] | Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: Loans | 118,260 | 830,211 | |
Ending balance: Individually evaluated for impairment | 1,998 | ||
Ending balance: Acquired-impaired loans | 8,708 | 13,272 | |
Ending balance: Collectively evaluated for impairment | 109,552 | 814,941 | |
Acquired Loans [Member] | Construction and Land Development [Member] | Allowance for Loan Losses [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Allowance for loan losses, Beginning Balance | 10 | ||
Net provision for loan losses | 108 | ||
Allowance for loan losses, Ending Balance | 118 | ||
Ending balance: Individually evaluated for impairment | 32 | ||
Ending balance: Collectively evaluated for impairment | 86 | ||
Acquired Loans [Member] | Construction and Land Development [Member] | Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: Loans | 14,579 | 134,443 | |
Ending balance: Individually evaluated for impairment | 721 | ||
Ending balance: Acquired-impaired loans | 12,801 | 17,560 | |
Ending balance: Collectively evaluated for impairment | 1,778 | 116,162 | |
Acquired Loans [Member] | Commercial Real Estate [Member] | Allowance for Loan Losses [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Allowance for loan losses, Beginning Balance | 477 | 34 | |
Net provision for loan losses | -223 | 424 | |
Allowance for loan losses, Ending Balance | 254 | 458 | |
Ending balance: Individually evaluated for impairment | 254 | 282 | |
Ending balance: Collectively evaluated for impairment | 176 | ||
Acquired Loans [Member] | Commercial Real Estate [Member] | Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: Loans | 629,975 | 907,170 | |
Ending balance: Individually evaluated for impairment | 2,579 | 2,281 | |
Ending balance: Acquired-impaired loans | 21,226 | 30,018 | |
Ending balance: Collectively evaluated for impairment | 606,170 | 874,871 | |
Acquired Loans [Member] | Residential Mortgages [Member] | Allowance for Loan Losses [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Net provision for loan losses | 496 | ||
Allowance for loan losses, Ending Balance | 496 | ||
Ending balance: Collectively evaluated for impairment | 496 | ||
Acquired Loans [Member] | Residential Mortgages [Member] | Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: Loans | 2,485 | 293,111 | |
Ending balance: Acquired-impaired loans | 2,485 | 5,545 | |
Ending balance: Collectively evaluated for impairment | 287,566 | ||
Acquired Loans [Member] | Consumer [Member] | Allowance for Loan Losses [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Net provision for loan losses | 188 | ||
Allowance for loan losses, Ending Balance | 188 | ||
Ending balance: Collectively evaluated for impairment | 188 | ||
Acquired Loans [Member] | Consumer [Member] | Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: Loans | 25 | 107,501 | |
Ending balance: Acquired-impaired loans | 25 | 102 | |
Ending balance: Collectively evaluated for impairment | 107,399 | ||
FDIC Acquired Loans [Member] | Allowance for Loan Losses [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans and Leases receivable, Allowance, Beginning Balance | 30,584 | 53,094 | |
Charge-offs | -3,004 | -4,010 | |
Recoveries | 549 | 1,500 | |
Net provision for loan losses | -70 | -302 | |
(Decrease) increase in FDIC loss share receivable | -421 | -6,853 | |
Loans and Leases receivable, Allowance, Ending Balance | 27,638 | 43,429 | |
Ending balance: Amounts related to acquired-impaired loans | 27,638 | 43,429 | |
FDIC Acquired Loans [Member] | Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: FDIC acquired loans | 238,532 | 331,137 | |
Ending balance: Acquired-impaired loans | 238,532 | 331,137 | |
FDIC Acquired Loans [Member] | Commercial Non-Real Estate [Member] | Allowance for Loan Losses [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans and Leases receivable, Allowance, Beginning Balance | 911 | 2,323 | |
Charge-offs | -127 | -46 | |
Recoveries | 14 | 445 | |
Net provision for loan losses | -2 | -36 | |
(Decrease) increase in FDIC loss share receivable | -13 | -809 | |
Loans and Leases receivable, Allowance, Ending Balance | 783 | 1,877 | |
Ending balance: Amounts related to acquired-impaired loans | 783 | 1,877 | |
FDIC Acquired Loans [Member] | Commercial Non-Real Estate [Member] | Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: FDIC acquired loans | 6,937 | 14,269 | |
Ending balance: Acquired-impaired loans | 6,937 | 14,269 | |
FDIC Acquired Loans [Member] | Construction and Land Development [Member] | Allowance for Loan Losses [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans and Leases receivable, Allowance, Beginning Balance | 1,008 | 2,655 | |
Charge-offs | -276 | -458 | |
Recoveries | 406 | 857 | |
Net provision for loan losses | -6 | -32 | |
(Decrease) increase in FDIC loss share receivable | -34 | -732 | |
Loans and Leases receivable, Allowance, Ending Balance | 1,098 | 2,290 | |
Ending balance: Amounts related to acquired-impaired loans | 1,098 | 2,290 | |
FDIC Acquired Loans [Member] | Construction and Land Development [Member] | Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: FDIC acquired loans | 11,482 | 19,518 | |
Ending balance: Acquired-impaired loans | 11,482 | 19,518 | |
FDIC Acquired Loans [Member] | Commercial Real Estate [Member] | Allowance for Loan Losses [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans and Leases receivable, Allowance, Beginning Balance | 4,061 | 10,929 | |
Charge-offs | -2,368 | -3,117 | |
Recoveries | 113 | 136 | |
Net provision for loan losses | 202 | -22 | |
(Decrease) increase in FDIC loss share receivable | 1,207 | -507 | |
Loans and Leases receivable, Allowance, Ending Balance | 3,215 | 7,419 | |
Ending balance: Amounts related to acquired-impaired loans | 3,215 | 7,419 | |
FDIC Acquired Loans [Member] | Commercial Real Estate [Member] | Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: FDIC acquired loans | 27,777 | 52,050 | |
Ending balance: Acquired-impaired loans | 27,777 | 52,050 | |
FDIC Acquired Loans [Member] | Residential Mortgages [Member] | Allowance for Loan Losses [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans and Leases receivable, Allowance, Beginning Balance | 20,609 | 27,989 | |
Charge-offs | -93 | -308 | |
Recoveries | 6 | ||
Net provision for loan losses | -195 | -118 | |
(Decrease) increase in FDIC loss share receivable | -1,171 | -2,666 | |
Loans and Leases receivable, Allowance, Ending Balance | 19,150 | 24,903 | |
Ending balance: Amounts related to acquired-impaired loans | 19,150 | 24,903 | |
FDIC Acquired Loans [Member] | Residential Mortgages [Member] | Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: FDIC acquired loans | 175,367 | 199,026 | |
Ending balance: Acquired-impaired loans | 175,367 | 199,026 | |
FDIC Acquired Loans [Member] | Consumer [Member] | Allowance for Loan Losses [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans and Leases receivable, Allowance, Beginning Balance | 3,995 | 9,198 | |
Charge-offs | -140 | -81 | |
Recoveries | 16 | 56 | |
Net provision for loan losses | -69 | -94 | |
(Decrease) increase in FDIC loss share receivable | -410 | -2,139 | |
Loans and Leases receivable, Allowance, Ending Balance | 3,392 | 6,940 | |
Ending balance: Amounts related to acquired-impaired loans | 3,392 | 6,940 | |
FDIC Acquired Loans [Member] | Consumer [Member] | Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: FDIC acquired loans | 16,969 | 46,274 | |
Ending balance: Acquired-impaired loans | $16,969 | $46,274 |
Loans_and_Allowance_for_Loan_L5
Loans and Allowance for Loan Losses - Summary of Composition of Non-Accrual Loans by Portfolio Segment (Detail) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Nonaccrual Loans By Portfolio [Line Items] | ||
Non-accrual loans | $90,821 | $79,537 |
Commercial Non-Real Estate [Member] | ||
Nonaccrual Loans By Portfolio [Line Items] | ||
Non-accrual loans | 25,614 | 15,511 |
Construction and Land Development [Member] | ||
Nonaccrual Loans By Portfolio [Line Items] | ||
Non-accrual loans | 6,411 | 7,565 |
Commercial Real Estate [Member] | ||
Nonaccrual Loans By Portfolio [Line Items] | ||
Non-accrual loans | 30,921 | 28,619 |
Residential Mortgages [Member] | ||
Nonaccrual Loans By Portfolio [Line Items] | ||
Non-accrual loans | 22,383 | 22,094 |
Consumer [Member] | ||
Nonaccrual Loans By Portfolio [Line Items] | ||
Non-accrual loans | 5,492 | 5,748 |
Originated Loans [Member] | ||
Nonaccrual Loans By Portfolio [Line Items] | ||
Non-accrual loans | 83,412 | 71,296 |
Originated Loans [Member] | Commercial Non-Real Estate [Member] | ||
Nonaccrual Loans By Portfolio [Line Items] | ||
Non-accrual loans | 25,614 | 15,511 |
Originated Loans [Member] | Construction and Land Development [Member] | ||
Nonaccrual Loans By Portfolio [Line Items] | ||
Non-accrual loans | 5,255 | 6,462 |
Originated Loans [Member] | Commercial Real Estate [Member] | ||
Nonaccrual Loans By Portfolio [Line Items] | ||
Non-accrual loans | 24,668 | 22,047 |
Originated Loans [Member] | Residential Mortgages [Member] | ||
Nonaccrual Loans By Portfolio [Line Items] | ||
Non-accrual loans | 22,383 | 21,702 |
Originated Loans [Member] | Consumer [Member] | ||
Nonaccrual Loans By Portfolio [Line Items] | ||
Non-accrual loans | 5,492 | 5,574 |
Acquired Loans [Member] | ||
Nonaccrual Loans By Portfolio [Line Items] | ||
Non-accrual loans | 5,820 | 6,139 |
Acquired Loans [Member] | Commercial Real Estate [Member] | ||
Nonaccrual Loans By Portfolio [Line Items] | ||
Non-accrual loans | 5,820 | 6,139 |
FDIC Acquired Loans [Member] | ||
Nonaccrual Loans By Portfolio [Line Items] | ||
Non-accrual loans | 1,589 | 2,102 |
FDIC Acquired Loans [Member] | Construction and Land Development [Member] | ||
Nonaccrual Loans By Portfolio [Line Items] | ||
Non-accrual loans | 1,156 | 1,103 |
FDIC Acquired Loans [Member] | Commercial Real Estate [Member] | ||
Nonaccrual Loans By Portfolio [Line Items] | ||
Non-accrual loans | 433 | 433 |
FDIC Acquired Loans [Member] | Residential Mortgages [Member] | ||
Nonaccrual Loans By Portfolio [Line Items] | ||
Non-accrual loans | 392 | |
FDIC Acquired Loans [Member] | Consumer [Member] | ||
Nonaccrual Loans By Portfolio [Line Items] | ||
Non-accrual loans | $174 |
Loans_and_Allowance_for_Loan_L6
Loans and Allowance for Loan Losses - Additional Information (Detail) (USD $) | 3 Months Ended | 12 Months Ended |
Mar. 31, 2015 | Dec. 31, 2014 | |
Non Accrual Loans Segregated By Class Of Loans [Line Items] | ||
Interest that would have been recorded on nonaccrual loans | $800,000 | |
Interest recorded on nonaccrual loans | 300,000 | |
Nonaccrual loans | 90,821,000 | 79,537,000 |
Troubled debt restructuring both accruing and nonaccruing | 12,500,000 | 16,000,000 |
Minimum bank portfolio loan need to be reviewed | 1,000,000 | |
Real estate acquired through foreclosure | 41,701,000 | 58,415,000 |
Consumer [Member] | ||
Non Accrual Loans Segregated By Class Of Loans [Line Items] | ||
Nonaccrual loans | 5,492,000 | 5,748,000 |
Mortgage loan in process of foreclosure | 10,100,000 | 13,700,000 |
Real estate acquired through foreclosure | 12,400,000 | 12,700,000 |
Performing [Member] | ||
Non Accrual Loans Segregated By Class Of Loans [Line Items] | ||
Period for which payments of principal and interest are past due | Less than 90 days | |
Troubled Debt Restructurings [Member] | ||
Non Accrual Loans Segregated By Class Of Loans [Line Items] | ||
Nonaccrual loans | 5,000,000 | 7,000,000 |
FDIC Acquired Loans [Member] | ||
Non Accrual Loans Segregated By Class Of Loans [Line Items] | ||
Nonaccrual loans | 1,589,000 | 2,102,000 |
FDIC Acquired Loans [Member] | Consumer [Member] | ||
Non Accrual Loans Segregated By Class Of Loans [Line Items] | ||
Nonaccrual loans | 174,000 | |
Mortgage loan in process of foreclosure | 6,000,000 | 8,100,000 |
Real estate acquired through foreclosure | $7,100,000 | $8,200,000 |
Loans_and_Allowance_for_Loan_L7
Loans and Allowance for Loan Losses - Schedule of Troubled Debt Restructurings Occurred During Period by Portfolio Segment (Detail) (Troubled Debt Restructurings [Member], USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
Contract | Contract | |
Troubled Debt Restructuring, Debtor, Current Period [Line Items] | ||
Number of Contracts | 3 | 3 |
Pre-Modification Outstanding Recorded Investment | $88 | $1,736 |
Post-Modification Outstanding Recorded Investment | 88 | 1,425 |
Commercial Real Estate [Member] | ||
Troubled Debt Restructuring, Debtor, Current Period [Line Items] | ||
Number of Contracts | 1 | |
Pre-Modification Outstanding Recorded Investment | 963 | |
Post-Modification Outstanding Recorded Investment | 918 | |
Residential Mortgages [Member] | ||
Troubled Debt Restructuring, Debtor, Current Period [Line Items] | ||
Number of Contracts | 2 | 2 |
Pre-Modification Outstanding Recorded Investment | 68 | 773 |
Post-Modification Outstanding Recorded Investment | 68 | 507 |
Consumer [Member] | ||
Troubled Debt Restructuring, Debtor, Current Period [Line Items] | ||
Number of Contracts | 1 | |
Pre-Modification Outstanding Recorded Investment | 20 | |
Post-Modification Outstanding Recorded Investment | 20 | |
Originated Loans [Member] | ||
Troubled Debt Restructuring, Debtor, Current Period [Line Items] | ||
Number of Contracts | 3 | 3 |
Pre-Modification Outstanding Recorded Investment | 88 | 1,736 |
Post-Modification Outstanding Recorded Investment | 88 | 1,425 |
Originated Loans [Member] | Commercial Real Estate [Member] | ||
Troubled Debt Restructuring, Debtor, Current Period [Line Items] | ||
Number of Contracts | 1 | |
Pre-Modification Outstanding Recorded Investment | 963 | |
Post-Modification Outstanding Recorded Investment | 918 | |
Originated Loans [Member] | Residential Mortgages [Member] | ||
Troubled Debt Restructuring, Debtor, Current Period [Line Items] | ||
Number of Contracts | 2 | 2 |
Pre-Modification Outstanding Recorded Investment | 68 | 773 |
Post-Modification Outstanding Recorded Investment | 68 | 507 |
Originated Loans [Member] | Consumer [Member] | ||
Troubled Debt Restructuring, Debtor, Current Period [Line Items] | ||
Number of Contracts | 1 | |
Pre-Modification Outstanding Recorded Investment | 20 | |
Post-Modification Outstanding Recorded Investment | $20 |
Loans_and_Allowance_for_Loan_L8
Loans and Allowance for Loan Losses - Schedule of Troubled Debt Restructurings Occurred During Period by Portfolio Segment - Troubled Debt Restructurings That Subsequently Defaulted (Detail) (Troubled Debt Restructurings That Subsequently Defaulted [Member], USD $) | 3 Months Ended |
In Thousands, unless otherwise specified | Mar. 31, 2014 |
Contract | |
Troubled Debt Restructuring, Debtor, Current Period [Line Items] | |
Number of Contracts | 1 |
Recorded Investment | $926 |
Commercial Non-Real Estate [Member] | |
Troubled Debt Restructuring, Debtor, Current Period [Line Items] | |
Number of Contracts | 1 |
Recorded Investment | 926 |
Originated Loans [Member] | |
Troubled Debt Restructuring, Debtor, Current Period [Line Items] | |
Number of Contracts | 1 |
Recorded Investment | 926 |
Originated Loans [Member] | Commercial Non-Real Estate [Member] | |
Troubled Debt Restructuring, Debtor, Current Period [Line Items] | |
Number of Contracts | 1 |
Recorded Investment | $926 |
Loans_and_Allowance_for_Loan_L9
Loans and Allowance for Loan Losses - Summary of Impaired Loans Disaggregated by Class (Detail) (USD $) | 3 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Dec. 31, 2014 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Recorded Investment, With no related allowance recorded | $23,667 | $14,815 |
Recorded Investment, With a related allowance recorded | 17,612 | 14,896 |
Recorded Investment, Total | 41,279 | 29,711 |
Unpaid Principal Balance, With no related allowance recorded | 28,072 | 20,707 |
Unpaid Principal Balance, With a related allowance recorded | 19,560 | 15,581 |
Unpaid Principal Balance, Total | 47,632 | 36,288 |
Related Allowance, With no related allowance recorded | 0 | 0 |
Related Allowance, With a related allowance recorded | 1,092 | 854 |
Related Allowance, Total | 1,092 | 854 |
Average Recorded Investment, With no related allowance recorded | 19,242 | 13,965 |
Average Recorded Investment, With a related allowance recorded | 16,256 | 25,340 |
Average Recorded Investment, Total | 35,497 | 39,305 |
Interest Income Recognized, With no related allowance recorded | 11 | 527 |
Interest Income Recognized, With a related allowance recorded | 64 | 648 |
Interest Income Recognized, Total | 75 | 1,175 |
Commercial Non-Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Recorded Investment, With no related allowance recorded | 11,389 | 3,003 |
Recorded Investment, With a related allowance recorded | 3,177 | 984 |
Recorded Investment, Total | 14,566 | 3,987 |
Unpaid Principal Balance, With no related allowance recorded | 11,893 | 3,646 |
Unpaid Principal Balance, With a related allowance recorded | 3,928 | 984 |
Unpaid Principal Balance, Total | 15,821 | 4,630 |
Related Allowance, With no related allowance recorded | 0 | 0 |
Related Allowance, With a related allowance recorded | 529 | 14 |
Related Allowance, Total | 529 | 14 |
Average Recorded Investment, With no related allowance recorded | 7,196 | 1,566 |
Average Recorded Investment, With a related allowance recorded | 2,081 | 6,581 |
Average Recorded Investment, Total | 9,277 | 8,147 |
Interest Income Recognized, With no related allowance recorded | 51 | |
Interest Income Recognized, With a related allowance recorded | 2 | 221 |
Interest Income Recognized, Total | 2 | 272 |
Construction and Land Development [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Recorded Investment, With no related allowance recorded | 484 | 3,345 |
Recorded Investment, With a related allowance recorded | 3,897 | 4,905 |
Recorded Investment, Total | 4,381 | 8,250 |
Unpaid Principal Balance, With no related allowance recorded | 2,045 | 6,486 |
Unpaid Principal Balance, With a related allowance recorded | 4,555 | 4,906 |
Unpaid Principal Balance, Total | 6,600 | 11,392 |
Related Allowance, With no related allowance recorded | 0 | 0 |
Related Allowance, With a related allowance recorded | 71 | 19 |
Related Allowance, Total | 71 | 19 |
Average Recorded Investment, With no related allowance recorded | 1,915 | 3,451 |
Average Recorded Investment, With a related allowance recorded | 4,401 | 7,697 |
Average Recorded Investment, Total | 6,316 | 11,148 |
Interest Income Recognized, With no related allowance recorded | 142 | |
Interest Income Recognized, With a related allowance recorded | 32 | 193 |
Interest Income Recognized, Total | 32 | 335 |
Commercial Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Recorded Investment, With no related allowance recorded | 10,659 | 8,467 |
Recorded Investment, With a related allowance recorded | 9,130 | 6,345 |
Recorded Investment, Total | 19,789 | 14,812 |
Unpaid Principal Balance, With no related allowance recorded | 12,598 | 10,575 |
Unpaid Principal Balance, With a related allowance recorded | 9,158 | 6,374 |
Unpaid Principal Balance, Total | 21,756 | 16,949 |
Related Allowance, With no related allowance recorded | 0 | 0 |
Related Allowance, With a related allowance recorded | 401 | 488 |
Related Allowance, Total | 401 | 488 |
Average Recorded Investment, With no related allowance recorded | 9,563 | 8,772 |
Average Recorded Investment, With a related allowance recorded | 7,738 | 8,857 |
Average Recorded Investment, Total | 17,301 | 17,629 |
Interest Income Recognized, With no related allowance recorded | 10 | 331 |
Interest Income Recognized, With a related allowance recorded | 17 | 184 |
Interest Income Recognized, Total | 27 | 515 |
Residential Mortgages [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Recorded Investment, With no related allowance recorded | 1,034 | |
Recorded Investment, With a related allowance recorded | 1,389 | 2,656 |
Recorded Investment, Total | 2,423 | 2,656 |
Unpaid Principal Balance, With no related allowance recorded | 1,435 | |
Unpaid Principal Balance, With a related allowance recorded | 1,900 | 3,311 |
Unpaid Principal Balance, Total | 3,335 | 3,311 |
Related Allowance, With no related allowance recorded | 0 | 0 |
Related Allowance, With a related allowance recorded | 88 | 330 |
Related Allowance, Total | 88 | 330 |
Average Recorded Investment, With no related allowance recorded | 517 | 176 |
Average Recorded Investment, With a related allowance recorded | 2,023 | 2,204 |
Average Recorded Investment, Total | 2,540 | 2,380 |
Interest Income Recognized, With no related allowance recorded | 1 | 3 |
Interest Income Recognized, With a related allowance recorded | 11 | 50 |
Interest Income Recognized, Total | 12 | 53 |
Consumer [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Recorded Investment, With no related allowance recorded | 101 | |
Recorded Investment, With a related allowance recorded | 19 | 6 |
Recorded Investment, Total | 120 | 6 |
Unpaid Principal Balance, With no related allowance recorded | 101 | |
Unpaid Principal Balance, With a related allowance recorded | 19 | 6 |
Unpaid Principal Balance, Total | 120 | 6 |
Related Allowance, With no related allowance recorded | 0 | 0 |
Related Allowance, With a related allowance recorded | 3 | 3 |
Related Allowance, Total | 3 | 3 |
Average Recorded Investment, With no related allowance recorded | 51 | |
Average Recorded Investment, With a related allowance recorded | 13 | 1 |
Average Recorded Investment, Total | 63 | 1 |
Interest Income Recognized, With a related allowance recorded | 2 | |
Interest Income Recognized, Total | 2 | |
Originated Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Recorded Investment, With no related allowance recorded | 23,667 | 14,815 |
Recorded Investment, With a related allowance recorded | 15,033 | 12,205 |
Recorded Investment, Total | 38,700 | 27,020 |
Unpaid Principal Balance, With no related allowance recorded | 28,072 | 20,707 |
Unpaid Principal Balance, With a related allowance recorded | 16,958 | 12,861 |
Unpaid Principal Balance, Total | 45,030 | 33,568 |
Related Allowance, With no related allowance recorded | 0 | 0 |
Related Allowance, With a related allowance recorded | 838 | 377 |
Related Allowance, Total | 838 | 377 |
Average Recorded Investment, With no related allowance recorded | 19,242 | 13,088 |
Average Recorded Investment, With a related allowance recorded | 13,621 | 21,887 |
Average Recorded Investment, Total | 32,862 | 34,976 |
Interest Income Recognized, With no related allowance recorded | 11 | 527 |
Interest Income Recognized, With a related allowance recorded | 64 | 395 |
Interest Income Recognized, Total | 75 | 921 |
Originated Loans [Member] | Commercial Non-Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Recorded Investment, With no related allowance recorded | 11,389 | 3,003 |
Recorded Investment, With a related allowance recorded | 3,177 | 984 |
Recorded Investment, Total | 14,566 | 3,987 |
Unpaid Principal Balance, With no related allowance recorded | 11,893 | 3,646 |
Unpaid Principal Balance, With a related allowance recorded | 3,928 | 984 |
Unpaid Principal Balance, Total | 15,821 | 4,630 |
Related Allowance, With no related allowance recorded | 0 | 0 |
Related Allowance, With a related allowance recorded | 529 | 14 |
Related Allowance, Total | 529 | 14 |
Average Recorded Investment, With no related allowance recorded | 7,196 | 1,209 |
Average Recorded Investment, With a related allowance recorded | 2,081 | 5,522 |
Average Recorded Investment, Total | 9,277 | 6,732 |
Interest Income Recognized, With no related allowance recorded | 51 | |
Interest Income Recognized, With a related allowance recorded | 2 | 99 |
Interest Income Recognized, Total | 2 | 150 |
Originated Loans [Member] | Construction and Land Development [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Recorded Investment, With no related allowance recorded | 484 | 3,345 |
Recorded Investment, With a related allowance recorded | 3,897 | 4,905 |
Recorded Investment, Total | 4,381 | 8,250 |
Unpaid Principal Balance, With no related allowance recorded | 2,045 | 6,486 |
Unpaid Principal Balance, With a related allowance recorded | 4,555 | 4,906 |
Unpaid Principal Balance, Total | 6,600 | 11,392 |
Related Allowance, With no related allowance recorded | 0 | 0 |
Related Allowance, With a related allowance recorded | 71 | 19 |
Related Allowance, Total | 71 | 19 |
Average Recorded Investment, With no related allowance recorded | 1,915 | 3,330 |
Average Recorded Investment, With a related allowance recorded | 4,401 | 6,660 |
Average Recorded Investment, Total | 6,316 | 9,990 |
Interest Income Recognized, With no related allowance recorded | 142 | |
Interest Income Recognized, With a related allowance recorded | 32 | 137 |
Interest Income Recognized, Total | 32 | 279 |
Originated Loans [Member] | Commercial Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Recorded Investment, With no related allowance recorded | 10,659 | 8,467 |
Recorded Investment, With a related allowance recorded | 6,551 | 3,654 |
Recorded Investment, Total | 17,210 | 12,121 |
Unpaid Principal Balance, With no related allowance recorded | 12,598 | 10,575 |
Unpaid Principal Balance, With a related allowance recorded | 6,556 | 3,654 |
Unpaid Principal Balance, Total | 19,154 | 14,229 |
Related Allowance, With no related allowance recorded | 0 | 0 |
Related Allowance, With a related allowance recorded | 147 | 11 |
Related Allowance, Total | 147 | 11 |
Average Recorded Investment, With no related allowance recorded | 9,563 | 8,461 |
Average Recorded Investment, With a related allowance recorded | 5,103 | 7,500 |
Average Recorded Investment, Total | 14,666 | 15,961 |
Interest Income Recognized, With no related allowance recorded | 10 | 331 |
Interest Income Recognized, With a related allowance recorded | 17 | 109 |
Interest Income Recognized, Total | 27 | 439 |
Originated Loans [Member] | Residential Mortgages [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Recorded Investment, With no related allowance recorded | 1,034 | |
Recorded Investment, With a related allowance recorded | 1,389 | 2,656 |
Recorded Investment, Total | 2,423 | 2,656 |
Unpaid Principal Balance, With no related allowance recorded | 1,435 | |
Unpaid Principal Balance, With a related allowance recorded | 1,900 | 3,311 |
Unpaid Principal Balance, Total | 3,335 | 3,311 |
Related Allowance, With no related allowance recorded | 0 | 0 |
Related Allowance, With a related allowance recorded | 88 | 330 |
Related Allowance, Total | 88 | 330 |
Average Recorded Investment, With no related allowance recorded | 517 | 88 |
Average Recorded Investment, With a related allowance recorded | 2,023 | 2,204 |
Average Recorded Investment, Total | 2,540 | 2,292 |
Interest Income Recognized, With no related allowance recorded | 1 | 3 |
Interest Income Recognized, With a related allowance recorded | 11 | 50 |
Interest Income Recognized, Total | 12 | 53 |
Originated Loans [Member] | Consumer [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Recorded Investment, With no related allowance recorded | 101 | |
Recorded Investment, With a related allowance recorded | 19 | 6 |
Recorded Investment, Total | 120 | 6 |
Unpaid Principal Balance, With no related allowance recorded | 101 | |
Unpaid Principal Balance, With a related allowance recorded | 19 | 6 |
Unpaid Principal Balance, Total | 120 | 6 |
Related Allowance, With no related allowance recorded | 0 | 0 |
Related Allowance, With a related allowance recorded | 3 | 3 |
Related Allowance, Total | 3 | 3 |
Average Recorded Investment, With no related allowance recorded | 51 | |
Average Recorded Investment, With a related allowance recorded | 13 | 1 |
Average Recorded Investment, Total | 63 | 1 |
Interest Income Recognized, With a related allowance recorded | 2 | |
Interest Income Recognized, Total | 2 | |
Acquired Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Recorded Investment, With a related allowance recorded | 2,579 | 2,691 |
Recorded Investment, Total | 2,579 | 2,691 |
Unpaid Principal Balance, With a related allowance recorded | 2,602 | 2,720 |
Unpaid Principal Balance, Total | 2,602 | 2,720 |
Related Allowance, With no related allowance recorded | 0 | 0 |
Related Allowance, With a related allowance recorded | 254 | 477 |
Related Allowance, Total | 254 | 477 |
Average Recorded Investment, With no related allowance recorded | 877 | |
Average Recorded Investment, With a related allowance recorded | 2,635 | 3,453 |
Average Recorded Investment, Total | 2,635 | 4,330 |
Interest Income Recognized, With a related allowance recorded | 253 | |
Interest Income Recognized, Total | 253 | |
Acquired Loans [Member] | Commercial Non-Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Related Allowance, With no related allowance recorded | 0 | 0 |
Average Recorded Investment, With no related allowance recorded | 357 | |
Average Recorded Investment, With a related allowance recorded | 1,059 | |
Average Recorded Investment, Total | 1,416 | |
Interest Income Recognized, With a related allowance recorded | 122 | |
Interest Income Recognized, Total | 122 | |
Acquired Loans [Member] | Construction and Land Development [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Related Allowance, With no related allowance recorded | 0 | 0 |
Average Recorded Investment, With no related allowance recorded | 121 | |
Average Recorded Investment, With a related allowance recorded | 1,037 | |
Average Recorded Investment, Total | 1,158 | |
Interest Income Recognized, With a related allowance recorded | 56 | |
Interest Income Recognized, Total | 56 | |
Acquired Loans [Member] | Commercial Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Recorded Investment, With a related allowance recorded | 2,579 | 2,691 |
Recorded Investment, Total | 2,579 | 2,691 |
Unpaid Principal Balance, With a related allowance recorded | 2,602 | 2,720 |
Unpaid Principal Balance, Total | 2,602 | 2,720 |
Related Allowance, With no related allowance recorded | 0 | 0 |
Related Allowance, With a related allowance recorded | 254 | 477 |
Related Allowance, Total | 254 | 477 |
Average Recorded Investment, With no related allowance recorded | 311 | |
Average Recorded Investment, With a related allowance recorded | 2,635 | 1,357 |
Average Recorded Investment, Total | 2,635 | 1,668 |
Interest Income Recognized, With a related allowance recorded | 75 | |
Interest Income Recognized, Total | 75 | |
Acquired Loans [Member] | Residential Mortgages [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Related Allowance, With no related allowance recorded | 0 | 0 |
Average Recorded Investment, With no related allowance recorded | 88 | |
Average Recorded Investment, Total | 88 | |
Acquired Loans [Member] | Consumer [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Related Allowance, With no related allowance recorded | $0 | $0 |
Recovered_Sheet1
Loans and Allowance for Loan Losses - Summary of Age Analysis of Past Due Loans (Detail) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total FDIC acquired loans | $238,532 | $252,409 |
Total loans | 13,924,386 | 13,895,276 |
30-59 days past due | 44,999 | 44,652 |
60-89 days past due | 13,423 | 12,503 |
Greater than 90 days past due | 42,911 | 44,981 |
Total past due | 101,333 | 102,136 |
Current | 13,823,053 | 13,793,140 |
Recorded investment > 90 days and accruing | 5,872 | 4,825 |
Commercial Non-Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total FDIC acquired loans | 6,937 | 6,195 |
Total loans | 5,987,084 | 6,044,060 |
30-59 days past due | 4,969 | 4,380 |
60-89 days past due | 3,498 | 1,742 |
Greater than 90 days past due | 8,692 | 8,560 |
Total past due | 17,159 | 14,682 |
Current | 5,969,925 | 6,029,378 |
Recorded investment > 90 days and accruing | 1,114 | 630 |
Construction and Land Development [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total FDIC acquired loans | 11,482 | 11,674 |
Total loans | 1,113,510 | 1,106,761 |
30-59 days past due | 4,014 | 6,731 |
60-89 days past due | 741 | 1,532 |
Greater than 90 days past due | 5,933 | 5,556 |
Total past due | 10,688 | 13,819 |
Current | 1,102,822 | 1,092,942 |
Recorded investment > 90 days and accruing | 768 | 142 |
Commercial Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total FDIC acquired loans | 27,777 | 27,808 |
Total loans | 3,150,103 | 3,144,048 |
30-59 days past due | 3,020 | 10,388 |
60-89 days past due | 5,128 | 3,246 |
Greater than 90 days past due | 18,222 | 15,258 |
Total past due | 26,370 | 28,892 |
Current | 3,123,733 | 3,115,156 |
Recorded investment > 90 days and accruing | 2,044 | 957 |
Residential Mortgages [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total FDIC acquired loans | 175,367 | 187,033 |
Total loans | 1,913,885 | 1,894,181 |
30-59 days past due | 21,365 | 14,730 |
60-89 days past due | 2,062 | 3,533 |
Greater than 90 days past due | 7,072 | 11,208 |
Total past due | 30,499 | 29,471 |
Current | 1,883,386 | 1,864,710 |
Recorded investment > 90 days and accruing | 1,067 | 1,199 |
Consumer [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total FDIC acquired loans | 16,969 | 19,699 |
Total loans | 1,759,804 | 1,706,226 |
30-59 days past due | 11,631 | 8,423 |
60-89 days past due | 1,994 | 2,450 |
Greater than 90 days past due | 2,992 | 4,399 |
Total past due | 16,617 | 15,272 |
Current | 1,743,187 | 1,690,954 |
Recorded investment > 90 days and accruing | 879 | 1,897 |
Originated Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans | 12,920,530 | 12,810,199 |
30-59 days past due | 44,435 | 40,679 |
60-89 days past due | 10,844 | 11,949 |
Greater than 90 days past due | 39,227 | 41,820 |
Total past due | 94,506 | 94,448 |
Current | 12,826,024 | 12,715,751 |
Recorded investment > 90 days and accruing | 5,659 | 4,564 |
Originated Loans [Member] | Commercial Non-Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Commercial non-real estate | 5,861,887 | 5,917,728 |
30-59 days past due | 4,969 | 4,380 |
60-89 days past due | 3,498 | 1,742 |
Greater than 90 days past due | 8,692 | 8,560 |
Total past due | 17,159 | 14,682 |
Current | 5,844,728 | 5,903,046 |
Recorded investment > 90 days and accruing | 1,114 | 630 |
Originated Loans [Member] | Construction and Land Development [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Construction and land development | 1,087,449 | 1,073,964 |
30-59 days past due | 4,014 | 6,620 |
60-89 days past due | 741 | 1,532 |
Greater than 90 days past due | 4,777 | 4,453 |
Total past due | 9,532 | 12,605 |
Current | 1,077,917 | 1,061,359 |
Recorded investment > 90 days and accruing | 768 | 142 |
Originated Loans [Member] | Commercial Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Commercial real estate | 2,492,351 | 2,428,195 |
30-59 days past due | 2,456 | 6,527 |
60-89 days past due | 2,549 | 2,964 |
Greater than 90 days past due | 15,694 | 13,234 |
Total past due | 20,699 | 22,725 |
Current | 2,471,652 | 2,405,470 |
Recorded investment > 90 days and accruing | 1,831 | 696 |
Originated Loans [Member] | Residential Mortgages [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Residential mortgages | 1,736,033 | 1,704,770 |
30-59 days past due | 21,365 | 14,730 |
60-89 days past due | 2,062 | 3,261 |
Greater than 90 days past due | 7,072 | 11,208 |
Total past due | 30,499 | 29,199 |
Current | 1,705,534 | 1,675,571 |
Recorded investment > 90 days and accruing | 1,067 | 1,199 |
Originated Loans [Member] | Consumer [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Consumer | 1,742,810 | 1,685,542 |
30-59 days past due | 11,631 | 8,422 |
60-89 days past due | 1,994 | 2,450 |
Greater than 90 days past due | 2,992 | 4,365 |
Total past due | 16,617 | 15,237 |
Current | 1,726,193 | 1,670,305 |
Recorded investment > 90 days and accruing | 879 | 1,897 |
Acquired Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans | 765,324 | 832,668 |
30-59 days past due | 564 | 3,972 |
60-89 days past due | 2,579 | 282 |
Greater than 90 days past due | 2,095 | 1,591 |
Total past due | 5,238 | 5,845 |
Current | 760,086 | 826,823 |
Recorded investment > 90 days and accruing | 213 | 261 |
Acquired Loans [Member] | Commercial Non-Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Commercial non-real estate | 118,260 | 120,137 |
Current | 118,260 | 120,137 |
Acquired Loans [Member] | Construction and Land Development [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Construction and land development | 14,579 | 21,123 |
30-59 days past due | 111 | |
Total past due | 111 | |
Current | 14,579 | 21,012 |
Acquired Loans [Member] | Commercial Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Commercial real estate | 629,975 | 688,045 |
30-59 days past due | 564 | 3,861 |
60-89 days past due | 2,579 | 282 |
Greater than 90 days past due | 2,095 | 1,591 |
Total past due | 5,238 | 5,734 |
Current | 624,737 | 682,311 |
Recorded investment > 90 days and accruing | 213 | 261 |
Acquired Loans [Member] | Residential Mortgages [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Residential mortgages | 2,485 | 2,378 |
Current | 2,485 | 2,378 |
Acquired Loans [Member] | Consumer [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Consumer | 25 | 985 |
Current | 25 | 985 |
FDIC Acquired Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
30-59 days past due | 1 | |
60-89 days past due | 272 | |
Greater than 90 days past due | 1,589 | 1,570 |
Total past due | 1,589 | 1,843 |
Current | 236,943 | 250,566 |
FDIC Acquired Loans [Member] | Commercial Non-Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Current | 6,937 | 6,195 |
FDIC Acquired Loans [Member] | Construction and Land Development [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Greater than 90 days past due | 1,156 | 1,103 |
Total past due | 1,156 | 1,103 |
Current | 10,326 | 10,571 |
FDIC Acquired Loans [Member] | Commercial Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Greater than 90 days past due | 433 | 433 |
Total past due | 433 | 433 |
Current | 27,344 | 27,375 |
FDIC Acquired Loans [Member] | Residential Mortgages [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
60-89 days past due | 272 | |
Total past due | 272 | |
Current | 175,367 | 186,761 |
FDIC Acquired Loans [Member] | Consumer [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
30-59 days past due | 1 | |
Greater than 90 days past due | 34 | |
Total past due | 35 | |
Current | $16,969 | $19,664 |
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 $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Commercial Real Estate Credit Exposure [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | $3,150,103 | $3,144,048 |
Commercial Real Estate Credit Exposure [Member] | Pass [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 2,911,388 | 2,887,496 |
Commercial Real Estate Credit Exposure [Member] | Pass-Watch [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 71,259 | 77,278 |
Commercial Real Estate Credit Exposure [Member] | Special Mention [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 26,100 | 30,975 |
Commercial Real Estate Credit Exposure [Member] | Substandard [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 141,337 | 148,278 |
Commercial Real Estate Credit Exposure [Member] | Doubtful [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 19 | 21 |
Commercial Real Estate Credit Exposure [Member] | Originated Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 2,492,351 | 2,428,195 |
Commercial Real Estate Credit Exposure [Member] | Originated Loans [Member] | Pass [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 2,316,577 | 2,241,391 |
Commercial Real Estate Credit Exposure [Member] | Originated Loans [Member] | Pass-Watch [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 58,743 | 61,589 |
Commercial Real Estate Credit Exposure [Member] | Originated Loans [Member] | Special Mention [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 14,915 | 21,543 |
Commercial Real Estate Credit Exposure [Member] | Originated Loans [Member] | Substandard [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 102,097 | 103,651 |
Commercial Real Estate Credit Exposure [Member] | Originated Loans [Member] | Doubtful [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 19 | 21 |
Commercial Real Estate Credit Exposure [Member] | Acquired Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 629,975 | 688,045 |
Commercial Real Estate Credit Exposure [Member] | Acquired Loans [Member] | Pass [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 588,942 | 641,966 |
Commercial Real Estate Credit Exposure [Member] | Acquired Loans [Member] | Pass-Watch [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 9,644 | 11,142 |
Commercial Real Estate Credit Exposure [Member] | Acquired Loans [Member] | Special Mention [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 9,531 | 8,113 |
Commercial Real Estate Credit Exposure [Member] | Acquired Loans [Member] | Substandard [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 21,858 | 26,824 |
Commercial Real Estate Credit Exposure [Member] | FDIC Acquired Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 27,777 | 27,808 |
Commercial Real Estate Credit Exposure [Member] | FDIC Acquired Loans [Member] | Pass [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 5,869 | 4,139 |
Commercial Real Estate Credit Exposure [Member] | FDIC Acquired Loans [Member] | Pass-Watch [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 2,872 | 4,547 |
Commercial Real Estate Credit Exposure [Member] | FDIC Acquired Loans [Member] | Special Mention [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 1,654 | 1,319 |
Commercial Real Estate Credit Exposure [Member] | FDIC Acquired Loans [Member] | Substandard [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 17,382 | 17,803 |
Commercial Non Real Estate Credit Exposure [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 5,987,084 | 6,044,060 |
Commercial Non Real Estate Credit Exposure [Member] | Pass [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 5,550,734 | 5,691,701 |
Commercial Non Real Estate Credit Exposure [Member] | Pass-Watch [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 236,787 | 176,577 |
Commercial Non Real Estate Credit Exposure [Member] | Special Mention [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 64,412 | 53,312 |
Commercial Non Real Estate Credit Exposure [Member] | Substandard [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 135,067 | 122,395 |
Commercial Non Real Estate Credit Exposure [Member] | Doubtful [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 69 | 75 |
Commercial Non Real Estate Credit Exposure [Member] | Loss [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 15 | |
Commercial Non Real Estate Credit Exposure [Member] | Originated Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 5,861,887 | 5,917,728 |
Commercial Non Real Estate Credit Exposure [Member] | Originated Loans [Member] | Pass [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 5,438,058 | 5,577,827 |
Commercial Non Real Estate Credit Exposure [Member] | Originated Loans [Member] | Pass-Watch [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 235,510 | 174,742 |
Commercial Non Real Estate Credit Exposure [Member] | Originated Loans [Member] | Special Mention [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 64,045 | 52,962 |
Commercial Non Real Estate Credit Exposure [Member] | Originated Loans [Member] | Substandard [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 124,219 | 112,153 |
Commercial Non Real Estate Credit Exposure [Member] | Originated Loans [Member] | Doubtful [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 40 | 44 |
Commercial Non Real Estate Credit Exposure [Member] | Originated Loans [Member] | Loss [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 15 | |
Commercial Non Real Estate Credit Exposure [Member] | Acquired Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 118,260 | 120,137 |
Commercial Non Real Estate Credit Exposure [Member] | Acquired Loans [Member] | Pass [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 109,784 | 111,847 |
Commercial Non Real Estate Credit Exposure [Member] | Acquired Loans [Member] | Pass-Watch [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 282 | 715 |
Commercial Non Real Estate Credit Exposure [Member] | Acquired Loans [Member] | Special Mention [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 367 | 350 |
Commercial Non Real Estate Credit Exposure [Member] | Acquired Loans [Member] | Substandard [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 7,827 | 7,225 |
Commercial Non Real Estate Credit Exposure [Member] | FDIC Acquired Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 6,937 | 6,195 |
Commercial Non Real Estate Credit Exposure [Member] | FDIC Acquired Loans [Member] | Pass [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 2,892 | 2,027 |
Commercial Non Real Estate Credit Exposure [Member] | FDIC Acquired Loans [Member] | Pass-Watch [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 995 | 1,120 |
Commercial Non Real Estate Credit Exposure [Member] | FDIC Acquired Loans [Member] | Substandard [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 3,021 | 3,017 |
Commercial Non Real Estate Credit Exposure [Member] | FDIC Acquired Loans [Member] | Doubtful [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | $29 | $31 |
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) (Construction Credit Exposure [Member], USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile based on payment activity | $1,113,510 | $1,106,761 |
Originated Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile based on payment activity | 1,087,449 | 1,073,964 |
Acquired Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile based on payment activity | 14,579 | 21,123 |
FDIC Acquired Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile based on payment activity | 11,482 | 11,674 |
Pass [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile based on payment activity | 1,040,029 | 1,028,973 |
Pass [Member] | Originated Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile based on payment activity | 1,032,054 | 1,012,128 |
Pass [Member] | Acquired Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile based on payment activity | 5,225 | 14,377 |
Pass [Member] | FDIC Acquired Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile based on payment activity | 2,750 | 2,468 |
Pass-Watch [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile based on payment activity | 21,754 | 22,480 |
Pass-Watch [Member] | Originated Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile based on payment activity | 18,493 | 21,516 |
Pass-Watch [Member] | Acquired Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile based on payment activity | 2,727 | 432 |
Pass-Watch [Member] | FDIC Acquired Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile based on payment activity | 534 | 532 |
Special Mention [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile based on payment activity | 9,554 | 7,545 |
Special Mention [Member] | Originated Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile based on payment activity | 9,100 | 7,097 |
Special Mention [Member] | Acquired Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile based on payment activity | 139 | 129 |
Special Mention [Member] | FDIC Acquired Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile based on payment activity | 315 | 319 |
Substandard [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile based on payment activity | 42,173 | 47,763 |
Substandard [Member] | Originated Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile based on payment activity | 27,802 | 33,223 |
Substandard [Member] | Acquired Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile based on payment activity | 6,488 | 6,185 |
Substandard [Member] | FDIC Acquired Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile based on payment activity | $7,883 | $8,355 |
Recovered_Sheet4
Loans and Allowance for Loan Losses - Schedule of Credit Quality Indicators of Various Classes of Loans - Credit Risk Profile Based on Payment Activity and Accrual Status (Detail) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Residential Mortgages [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile based on payment activity and accrual status | $1,913,885 | $1,894,181 |
Residential Mortgages [Member] | Performing [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile based on payment activity and accrual status | 1,890,435 | 1,870,887 |
Residential Mortgages [Member] | Nonperforming [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile based on payment activity and accrual status | 23,450 | 23,294 |
Residential Mortgages [Member] | Originated Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile based on payment activity and accrual status | 1,736,033 | 1,704,770 |
Residential Mortgages [Member] | Originated Loans [Member] | Performing [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile based on payment activity and accrual status | 1,712,583 | 1,681,868 |
Residential Mortgages [Member] | Originated Loans [Member] | Nonperforming [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile based on payment activity and accrual status | 23,450 | 22,902 |
Residential Mortgages [Member] | Acquired Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile based on payment activity and accrual status | 2,485 | 2,378 |
Residential Mortgages [Member] | Acquired Loans [Member] | Performing [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile based on payment activity and accrual status | 2,485 | 2,378 |
Residential Mortgages [Member] | FDIC Acquired Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile based on payment activity and accrual status | 175,367 | 187,033 |
Residential Mortgages [Member] | FDIC Acquired Loans [Member] | Performing [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile based on payment activity and accrual status | 175,367 | 186,641 |
Residential Mortgages [Member] | FDIC Acquired Loans [Member] | Nonperforming [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile based on payment activity and accrual status | 392 | |
Consumer [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile based on payment activity and accrual status | 1,759,804 | 1,706,226 |
Consumer [Member] | Performing [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile based on payment activity and accrual status | 1,753,432 | 1,698,579 |
Consumer [Member] | Nonperforming [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile based on payment activity and accrual status | 6,372 | 7,647 |
Consumer [Member] | Originated Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile based on payment activity and accrual status | 1,742,810 | 1,685,542 |
Consumer [Member] | Originated Loans [Member] | Performing [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile based on payment activity and accrual status | 1,736,438 | 1,678,069 |
Consumer [Member] | Originated Loans [Member] | Nonperforming [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile based on payment activity and accrual status | 6,372 | 7,473 |
Consumer [Member] | Acquired Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile based on payment activity and accrual status | 25 | 985 |
Consumer [Member] | Acquired Loans [Member] | Performing [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile based on payment activity and accrual status | 25 | 985 |
Consumer [Member] | FDIC Acquired Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile based on payment activity and accrual status | 16,969 | 19,699 |
Consumer [Member] | FDIC Acquired Loans [Member] | Performing [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile based on payment activity and accrual status | 16,969 | 19,525 |
Consumer [Member] | FDIC Acquired Loans [Member] | Nonperforming [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile based on payment activity and accrual status | $174 |
Recovered_Sheet5
Loans and Allowance for Loan Losses - Changes in Carrying Amount of Acquired Loans and Accretable Yield for Loans Receivable (Detail) (USD $) | 3 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Dec. 31, 2014 |
FDIC Acquired Loans [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Carrying Amount of Loans, Balance at beginning of period | $252,409 | $358,666 |
Carrying Amount of Loans, Payments received, net | -17,483 | -125,388 |
Carrying Amount of Loans, Accretion | 3,606 | 19,131 |
Carrying Amount of Loans, Balance at end of period | 238,532 | 252,409 |
Accretable Yield, Balance at beginning of period | 112,788 | 122,715 |
Accretable Yield, Payments received, net | -371 | -1,071 |
Accretable Yield, Accretion | -3,606 | -19,131 |
Accretable Yield,(Decrease) Increase in expected cash flows based on actual cash flows and changes in cash flow assumptions | -1,389 | -1,137 |
Net transfers from nonaccretable difference to accretable yield | 150 | 11,412 |
Accretable Yield, Balance at end of period | 107,572 | 112,788 |
Acquired Loans [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Carrying Amount of Loans, Balance at beginning of period | 61,276 | 68,075 |
Carrying Amount of Loans, Payments received, net | -21,396 | -50,178 |
Carrying Amount of Loans, Accretion | 5,365 | 43,379 |
Carrying Amount of Loans, Balance at end of period | 45,245 | 61,276 |
Accretable Yield, Balance at beginning of period | 74,668 | 131,370 |
Accretable Yield, Payments received, net | -9,036 | -32,855 |
Accretable Yield, Accretion | -5,365 | -43,379 |
Accretable Yield,(Decrease) Increase in expected cash flows based on actual cash flows and changes in cash flow assumptions | 87 | -203 |
Net transfers from nonaccretable difference to accretable yield | -2,265 | 19,735 |
Accretable Yield, Balance at end of period | $58,089 | $74,668 |
LongTerm_Debt_LongTerm_Debt_De
Long-Term Debt - Long-Term Debt (Detail) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2012 | Mar. 09, 2015 |
In Thousands, unless otherwise specified | ||||
Debt Instrument [Line Items] | ||||
Term note payable | $220,000 | |||
Other long-term debt | 127,196 | 126,760 | ||
Total long-term debt | 516,007 | 374,371 | ||
Term Note Payable Maturing December 2015 [Member] | ||||
Debt Instrument [Line Items] | ||||
Term note payable | 140,800 | 149,600 | ||
Subordinated Debt [Member] | Subordinated Notes Payable Maturing June 2045 [Member] | ||||
Debt Instrument [Line Items] | ||||
Subordinated notes payable | 150,000 | 150,000 | ||
Subordinated Debt [Member] | Subordinated Notes Payable Maturing April 2017 [Member] | ||||
Debt Instrument [Line Items] | ||||
Subordinated notes payable | $98,011 | $98,011 |
LongTerm_Debt_LongTerm_Debt_Pa
Long-Term Debt - Long-Term Debt (Parenthetical) (Detail) | 3 Months Ended | |
Jun. 30, 2012 | Mar. 31, 2015 | |
Debt Instrument [Line Items] | ||
Subordinated notes payable maturity date | 30-Apr-17 | |
Subordinated Notes Payable Maturing June 2045 [Member] | Subordinated Debt [Member] | ||
Debt Instrument [Line Items] | ||
Subordinated notes payable maturity date | 15-Jun-45 | |
Subordinated Notes Payable Maturing April 2017 [Member] | Subordinated Debt [Member] | ||
Debt Instrument [Line Items] | ||
Subordinated notes payable maturity date | 30-Apr-17 |
LongTerm_Debt_Additional_Infor
Long-Term Debt - Additional Information (Detail) (USD $) | 3 Months Ended | 12 Months Ended | 3 Months Ended | 0 Months Ended | |
Mar. 31, 2015 | Jun. 30, 2012 | Dec. 31, 2012 | Jun. 30, 2015 | Mar. 09, 2015 | |
Debt Instrument [Line Items] | |||||
Subordinated notes payable maturity date | 30-Apr-17 | ||||
Subordinated notes interest rate | 5.88% | ||||
Qualified percentage of subordinated notes in regulatory capital | 40.00% | ||||
Term note payable | $220,000,000 | ||||
Additional borrowings | 50,000,000 | ||||
Reference rate for loan variable rate | LIBOR | ||||
Percentage points added to reference rate | 1.88% | ||||
Debt instrument term loan facility maturity date | 21-Dec-15 | ||||
Principal payment of term loan | 8,800,000 | ||||
Other long term debt maturity date, starting period | 2015 | ||||
Other long term debt maturity date, ending period | 2052 | ||||
Expected compliance period | 7 years | ||||
Scenario, Forecast [Member] | |||||
Debt Instrument [Line Items] | |||||
Percentage of potential amount of reduction from capital | 20.00% | ||||
Subordinated Debt [Member] | Subordinated Notes Payable Maturing June 2045 [Member] | |||||
Debt Instrument [Line Items] | |||||
Sale of aggregate principal amount of subordinated notes | 150,000,000 | $150,000,000 | |||
Subordinated notes payable maturity date | 15-Jun-45 | ||||
Subordinated notes interest rate | 5.95% |
Fair_Value_Schedule_of_Financi
Fair Value - Schedule of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ||
Available for sale debt securities | $1,825,608 | $1,660,165 |
Derivative assets | 28,562 | 19,432 |
Total recurring fair value measurements-assets | 1,854,170 | 1,679,597 |
Derivative liabilities | 29,379 | 20,860 |
Total recurring fair value measurements-liabilities | 29,379 | 20,860 |
Municipal Obligations [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ||
Available for sale debt securities | 12,965 | 14,176 |
U.S. Treasury and Government Agency Securities [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ||
Available for sale debt securities | 99,416 | 300,508 |
Corporate Debt Securities [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ||
Available for sale debt securities | 3,500 | 3,500 |
Mortgage-Backed Securities [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ||
Available for sale debt securities | 1,474,789 | 1,245,564 |
Collateralized Mortgage Obligations [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ||
Available for sale debt securities | 232,112 | 86,864 |
Equity Securities [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ||
Available for sale debt securities | 2,826 | 9,553 |
Level 1 [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ||
Available for sale debt securities | 2,826 | 9,553 |
Total recurring fair value measurements-assets | 2,826 | 9,553 |
Level 1 [Member] | Equity Securities [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ||
Available for sale debt securities | 2,826 | 9,553 |
Level 2 [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ||
Available for sale debt securities | 1,822,782 | 1,650,612 |
Derivative assets | 28,562 | 19,432 |
Total recurring fair value measurements-assets | 1,851,344 | 1,670,044 |
Derivative liabilities | 29,379 | 20,860 |
Total recurring fair value measurements-liabilities | 29,379 | 20,860 |
Level 2 [Member] | Municipal Obligations [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ||
Available for sale debt securities | 12,965 | 14,176 |
Level 2 [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 | 99,416 | 300,508 |
Level 2 [Member] | Corporate Debt Securities [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ||
Available for sale debt securities | 3,500 | 3,500 |
Level 2 [Member] | Mortgage-Backed Securities [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ||
Available for sale debt securities | 1,474,789 | 1,245,564 |
Level 2 [Member] | Collateralized Mortgage Obligations [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ||
Available for sale debt securities | $232,112 | $86,864 |
Fair_Value_Additional_Informat
Fair Value - Additional Information (Detail) | 3 Months Ended |
Mar. 31, 2015 | |
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 $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ||
Collateral-dependent impaired loans | $33,818 | $30,204 |
Other real estate owned | 18,414 | 29,715 |
Total nonrecurring fair value measurements | 52,232 | 59,919 |
Level 2 [Member] | ||
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ||
Collateral-dependent impaired loans | 33,818 | 30,204 |
Total nonrecurring fair value measurements | 33,818 | 30,204 |
Level 3 [Member] | ||
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ||
Other real estate owned | 18,414 | 29,715 |
Total nonrecurring fair value measurements | $18,414 | $29,715 |
Fair_Value_Schedule_of_Estimat
Fair Value - Schedule of Estimated Fair Values of Financial Instruments (Detail) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Available for sale securities | $1,825,608 | $1,660,165 |
Held to maturity securities | 2,282,296 | 2,166,289 |
Loans, net | 13,796,000 | 13,766,514 |
Loans held for sale | 19,950 | 20,252 |
Derivative financial instruments | 28,562 | 19,432 |
Deposits | 16,860,485 | 16,572,831 |
Long-term debt | 516,007 | 374,371 |
Derivative financial instruments | 29,379 | 20,860 |
Level 1 [Member] | ||
Cash, interest-bearing bank deposits, and federal funds sold | 849,533 | 1,159,403 |
Available for sale securities | 2,826 | 9,553 |
Federal funds purchased | 11,175 | 12,000 |
Securities sold under agreements to repurchase | 544,075 | 624,573 |
FHLB borrowings | 200,000 | 515,000 |
Level 2 [Member] | ||
Available for sale securities | 1,822,782 | 1,650,612 |
Held to maturity securities | 2,316,118 | 2,186,340 |
Loans, net | 33,818 | 30,204 |
Loans held for sale | 19,950 | 20,252 |
Derivative financial instruments | 28,562 | 19,432 |
Long-term debt | 508,095 | 346,379 |
Derivative financial instruments | 29,379 | 20,860 |
Level 3 [Member] | ||
Loans, net | 13,833,218 | 13,672,427 |
Deposits | 16,430,295 | 16,398,878 |
Total Fair Value [Member] | ||
Cash, interest-bearing bank deposits, and federal funds sold | 849,533 | 1,159,403 |
Available for sale securities | 1,825,608 | 1,660,165 |
Held to maturity securities | 2,316,118 | 2,186,340 |
Loans, net | 13,867,036 | 13,702,631 |
Loans held for sale | 19,950 | 20,252 |
Derivative financial instruments | 28,562 | 19,432 |
Deposits | 16,430,295 | 16,398,878 |
Federal funds purchased | 11,175 | 12,000 |
Securities sold under agreements to repurchase | 544,075 | 624,573 |
FHLB borrowings | 200,000 | |
Long-term debt | 508,095 | 346,379 |
Derivative financial instruments | 29,379 | 20,860 |
Carrying Amount [Member] | ||
Cash, interest-bearing bank deposits, and federal funds sold | 849,533 | 1,159,403 |
Available for sale securities | 1,825,608 | 1,660,165 |
Held to maturity securities | 2,282,296 | 2,166,289 |
Loans, net | 13,796,000 | 13,766,514 |
Loans held for sale | 19,950 | 20,252 |
Derivative financial instruments | 28,562 | 19,432 |
Deposits | 16,860,485 | 16,572,831 |
Federal funds purchased | 11,175 | 12,000 |
Securities sold under agreements to repurchase | 544,075 | 624,573 |
FHLB borrowings | 200,000 | 515,000 |
Long-term debt | 516,007 | 374,371 |
Derivative financial instruments | $29,379 | $20,860 |
Derivatives_Fair_Values_of_Der
Derivatives - Fair Values of Derivative Instruments on Balance Sheet (Detail) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
Derivatives, Fair Value [Line Items] | ||
Derivative Fair Value Of Asset | $28,562,000 | $19,432,000 |
Derivative Fair Value Of Liability | 29,379,000 | 20,860,000 |
Interest Rate Swaps [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Notional Amount | 300,000,000 | |
Derivatives Designated as Hedging Instruments [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Notional Amount | 300,000,000 | 300,000,000 |
Derivative Fair Value Of Asset | 399,000 | |
Derivative Fair Value Of Liability | 592,000 | |
Derivatives Designated as Hedging Instruments [Member] | Interest Rate Swaps [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Notional Amount | 300,000,000 | 300,000,000 |
Derivative Fair Value Of Asset | 399,000 | |
Derivative Fair Value Of Liability | 592,000 | |
Derivatives Not Designated as Hedging Instruments [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Notional Amount | 1,026,020,000 | 1,002,930,000 |
Derivative Fair Value Of Asset | 28,163,000 | 19,432,000 |
Derivative Fair Value Of Liability | 29,379,000 | 20,268,000 |
Derivatives Not Designated as Hedging Instruments [Member] | Interest Rate Swaps [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Notional Amount | 754,970,000 | 747,754,000 |
Derivative Fair Value Of Asset | 22,914,000 | 17,806,000 |
Derivative Fair Value Of Liability | 23,830,000 | 18,419,000 |
Derivatives Not Designated as Hedging Instruments [Member] | Risk Participation Agreements [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Notional Amount | 79,887,000 | 80,438,000 |
Derivative Fair Value Of Asset | 127,000 | 125,000 |
Derivative Fair Value Of Liability | 241,000 | 208,000 |
Derivatives Not Designated as Hedging Instruments [Member] | Forward Commitments to Sell Residential Mortgage Loans [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Notional Amount | 70,421,000 | 52,238,000 |
Derivative Fair Value Of Asset | 55,000 | 80,000 |
Derivative Fair Value Of Liability | 764,000 | 250,000 |
Derivatives Not Designated as Hedging Instruments [Member] | Interest Rate-Lock Commitments on Residential Mortgage Loans [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Notional Amount | 51,986,000 | 33,068,000 |
Derivative Fair Value Of Asset | 577,000 | 111,000 |
Derivative Fair Value Of Liability | 25,000 | 44,000 |
Derivatives Not Designated as Hedging Instruments [Member] | Foreign Exchange Forward Contracts [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Notional Amount | 68,756,000 | 89,432,000 |
Derivative Fair Value Of Asset | 4,490,000 | 1,310,000 |
Derivative Fair Value Of Liability | $4,519,000 | $1,347,000 |
Derivatives_Additional_Informa
Derivatives - Additional Information (Detail) (USD $) | 3 Months Ended |
Mar. 31, 2015 | |
Derivative [Line Items] | |
Variable rate term loan agreement maturity | Jan-17 |
Termination value of derivatives in a net liability position | $9,600,000 |
Collateral obligations for derivative counterparties | 27,300,000 |
Interest Rate Swaps [Member] | |
Derivative [Line Items] | |
Notional amount of derivatives | $300,000,000 |
Derivatives_Offsetting_Derivat
Derivatives - Offsetting Derivative Assets and Liabilities (Detail) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ||
Gross Amounts Recognized, Derivative Liabilities | $24,071 | $18,627 |
Gross Amounts Offset in the Statement of Financial Position, Derivative Liabilities | 0 | 0 |
Net Amounts Presented in the Statement of Financial Position, Derivative Liabilities | 24,071 | 18,627 |
Gross Amounts Not Offset in the Statement of Financial Position - Financial Instruments, Derivative Liabilities | 189 | 936 |
Gross Amounts Not offset in the Statement of Financial Position -Cash Collateral, Derivative Liabilities | 27,118 | 17,343 |
Net Amount, Derivative Liabilities | -3,236 | 348 |
Gross Amounts Recognized, Derivative Assets | 23,041 | 17,931 |
Gross Amounts Offset in the Statement of Financial Position, Derivative Assets | 0 | 0 |
Net Amounts Presented in the Statement of Financial Position, Derivative Assets | 23,041 | 17,931 |
Gross Amounts Not Offset in the Statement of Financial Position - Financial Instruments, Derivative Assets | 189 | 936 |
Gross Amounts Not offset in the Statement of Financial Position -Cash Collateral, Derivative Assets | 0 | 0 |
Net Amount, Derivative Assets | $22,852 | $16,995 |
Stockholders_Equity_Additional
Stockholders' Equity - Additional Information (Detail) (USD $) | 0 Months Ended | |
Jul. 16, 2014 | Jul. 16, 2014 | |
Stockholders' Equity Note [Abstract] | ||
Shares authorized for repurchase | 5.00% | |
Number of shares authorized for repurchase | 4,000,000 | |
Repurchased common stock shares | 4,100,000 | |
Shares repurchased, price per share | $30.02 |
Stockholders_Equity_Components
Stockholders' Equity - Components of Accumulated Other Comprehensive Income (Loss) (Detail) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Accumulated other comprehensive income (loss), Beginning balance | ($50,074) | ($35,379) |
Net change in unrealized (loss) gain | 5,413 | 4,514 |
Reclassification of net losses realized and included in earnings | 605 | 53 |
Amortization of unrealized net loss on securities transferred to HTM | 647 | 665 |
Income tax expense | 2,360 | 1,842 |
Accumulated other comprehensive income (loss), Ending balance | -45,769 | -31,989 |
Available for Sale Securities [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Accumulated other comprehensive income (loss), Beginning balance | 18,001 | 8,263 |
Net change in unrealized (loss) gain | 4,421 | 4,514 |
Reclassification of net losses realized and included in earnings | -165 | |
Income tax expense | 1,481 | 1,598 |
Accumulated other comprehensive income (loss), Ending balance | 20,776 | 11,179 |
Held to Maturity Securities Transferred from AFS [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Accumulated other comprehensive income (loss), Beginning balance | -19,074 | -21,189 |
Amortization of unrealized net loss on securities transferred to HTM | 647 | 665 |
Income tax expense | 238 | 225 |
Accumulated other comprehensive income (loss), Ending balance | -18,665 | -20,749 |
Employee Benefit Plans [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Accumulated other comprehensive income (loss), Beginning balance | -48,626 | -22,453 |
Reclassification of net losses realized and included in earnings | 770 | 53 |
Income tax expense | 280 | 19 |
Accumulated other comprehensive income (loss), Ending balance | -48,136 | -22,419 |
Loss on Effective Cash Flow Hedges [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Accumulated other comprehensive income (loss), Beginning balance | -375 | |
Net change in unrealized (loss) gain | 992 | |
Income tax expense | 361 | |
Accumulated other comprehensive income (loss), Ending balance | $256 |
Stockholders_Equity_Summary_of
Stockholders' Equity - Summary of Line Item Affected by Amounts Reclassified from Accumulated Other Comprehensive Income (Detail) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||
Tax effect | $14,876 | $18,201 |
Amount reclassified from accumulated other comprehensive income [Member] | ||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||
Net of tax | 1,006 | 474 |
Amount reclassified from accumulated other comprehensive income [Member] | Gains and Losses on Sale of AFS Securities [Member] | ||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||
Gain on sale of AFS securities | 165 | |
Tax effect | 58 | |
Net of tax | 107 | |
Amount reclassified from accumulated other comprehensive income [Member] | Unrealized Gains And Losses On Securities Available For Sale Transferred To Held To Maturity [Member] | ||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||
Amortization/accretion of unrealized net gain/(loss) on securities transferred to HTM | 647 | 665 |
Tax effect | 238 | 225 |
Net of tax | 409 | 440 |
Amount reclassified from accumulated other comprehensive income [Member] | Amortization of Defined Benefit Pension and Post-Retirement Items [Member] | ||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||
Amortization of defined benefit pension and post-retirement items | 770 | 53 |
Tax effect | 280 | 19 |
Net of tax | $490 | $34 |
Earnings_Per_Share_Computation
Earnings Per Share - Computation of Earnings Per Common Share (Detail) (USD $) | 3 Months Ended | |
In Thousands, except Per Share data, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
Numerator: | ||
Net income to common shareholders | $40,159 | $49,115 |
Net income allocated to participating securities - basic and diluted | 935 | 1,081 |
Net income allocated to common shareholders - basic and diluted | $39,224 | $48,034 |
Denominator: | ||
Weighted-average common shares - basic | 79,496 | 82,277 |
Dilutive potential common shares | 165 | 257 |
Weighted-average common shares - diluted | 79,661 | 82,534 |
Earnings per common share: | ||
Basic | $0.49 | $0.58 |
Diluted | $0.49 | $0.58 |
Earnings_Per_Share_Additional_
Earnings Per Share - Additional Information (Detail) | 3 Months Ended | |
Mar. 31, 2015 | Mar. 31, 2014 | |
Earnings Per Share [Abstract] | ||
Weighted-average anti-dilutive potential common shares | 862,402 | 689,958 |
ShareBased_Payment_Arrangement2
Share-Based Payment Arrangements - Schedule of Option Activity Under Stock Option Plans (Detail) (USD $) | 3 Months Ended |
In Thousands, except Share data, unless otherwise specified | Mar. 31, 2015 |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |
Number of Shares, Outstanding at Beginning | 933,750 |
Number of Shares, Exercised | 0 |
Number of Shares, Cancelled/Forfeited | -11,473 |
Number of Shares, Expired | -75,480 |
Number of Shares, Outstanding at Ending | 846,797 |
Number of Shares, Exercisable at Ending | 691,344 |
Weighted- Average Exercise Price, Outstanding at Beginning | $37.03 |
Weighted- Average Exercise Price, Exercised | $0 |
Weighted- Average Exercise Price, Cancelled/Forfeited | $36.79 |
Weighted- Average Exercise Price, Expired | $31.20 |
Weighted- Average Exercise Price, Outstanding at Ending | $37.55 |
Weighted- Average Exercise Price, Exercisable at Ending | $39.20 |
Weighted-Average Remaining Contractual Term, Outstanding at Ending Balance (in years) | 4 years 4 months 24 days |
Weighted-Average Remaining Contractual Term, Exercisable at Ending Balance (in years) | 3 years 9 months 18 days |
Aggregate Intrinsic Value, Outstanding at Ending | $15 |
Aggregate Intrinsic Value, Exercisable at Ending | $6 |
ShareBased_Payment_Arrangement3
Share-Based Payment Arrangements - Additional Information (Detail) (USD $) | 3 Months Ended | |
In Millions, except Share data, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
Bank | ||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Intrinsic value of options exercised | $0.50 | $0.20 |
Unrecognized compensation cost | 40.1 | |
Weighted-average period in years | 3 years 6 months | |
Total fair value of shares vested | $0.90 | $0.80 |
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 | 59,312 | |
Weighted average fair value of shares granted | $25.77 | |
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 $) | 3 Months Ended |
Mar. 31, 2015 | |
Restricted Stock and Performance Shares [Member] | |
Nonvested Share Activity [Line Items] | |
Number of Shares, Nonvested at Beginning | 2,040,299 |
Number of Shares, Granted | 79,410 |
Number of Shares, Vested | -19,136 |
Number of Shares, Forfeited | -63,796 |
Number of Shares, Nonvested at Ending | 2,036,777 |
Weighted-Average Grant-Date Fair Value, Nonvested at Beginning | $32.27 |
Weighted-Average Grant-Date Fair Value, Granted | $26.70 |
Weighted-Average Grant-Date Fair Value, Vested | $36.15 |
Weighted-Average Grant-Date Fair Value, Cancelled/Forfeited | $33.51 |
Weighted-Average Grant-Date Fair Value, Nonvested at Ending | $31.98 |
Retirement_Plans_Components_of
Retirement Plans - Components of Net Periodic Benefits Cost (Detail) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
Pension Benefits [Member] | ||
Defined Benefit Plan Net Periodic Benefit Cost [Line Items] | ||
Service cost | $3,363 | $3,425 |
Interest cost | 4,619 | 4,809 |
Expected return on plan assets | -8,213 | -8,061 |
Amortization of net loss | 644 | 8 |
Net periodic benefit cost | 413 | 181 |
Other Post-retirement Benefits [Member] | ||
Defined Benefit Plan Net Periodic Benefit Cost [Line Items] | ||
Service cost | 50 | 37 |
Interest cost | 369 | 338 |
Amortization of net loss | 125 | 157 |
Net periodic benefit cost | $544 | $532 |
Retirement_Plans_Additional_In
Retirement Plans - Additional Information (Detail) (USD $) | 3 Months Ended |
In Millions, unless otherwise specified | Mar. 31, 2015 |
Compensation and Retirement Disclosure [Abstract] | |
Contributed to pension plan | $10 |
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% |
Other_Noninterest_Income_Compo
Other Noninterest Income - Components of Other Noninterest Income (Detail) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
Noninterest Income [Abstract] | ||
Income from bank owned life insurance | $2,666 | $2,314 |
Credit related fees | 2,457 | 2,732 |
(Loss) income from derivatives | -52 | 759 |
Net gain on sale of assets | 7 | 1,682 |
Safety deposit box income | 486 | 513 |
Other miscellaneous | 2,680 | 2,427 |
Total other noninterest income | $8,244 | $10,427 |
Other_Noninterest_Expense_Comp
Other Noninterest Expense - Components of Other Noninterest Expense (Detail) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
Noninterest Expense [Abstract] | ||
Advertising | $2,165 | $1,759 |
Ad valorem and franchise taxes | 2,715 | 2,661 |
Printing and supplies | 1,217 | 1,031 |
Insurance expense | 922 | 1,040 |
Travel expense | 1,219 | 896 |
Entertainment and contributions | 1,639 | 1,412 |
Tax credit investment amortization | 2,095 | 2,172 |
Other miscellaneous | 2,834 | 4,846 |
Total other noninterest expense | $14,806 | $15,817 |