Document and Entity Information
Document and Entity Information - shares | 9 Months Ended | |
Sep. 30, 2015 | Nov. 03, 2015 | |
Document And Entity Information [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Sep. 30, 2015 | |
Document Fiscal Year Focus | 2,015 | |
Document Fiscal Period Focus | Q3 | |
Trading Symbol | HBHC | |
Entity Registrant Name | HANCOCK HOLDING CO | |
Entity Central Index Key | 750,577 | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Large Accelerated Filer | |
Entity Common Stock, Shares Outstanding | 77,397,992 |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) $ in Thousands | Sep. 30, 2015 | Dec. 31, 2014 |
ASSETS | ||
Cash and due from banks | $ 323,743 | $ 356,455 |
Interest-bearing bank deposits | 189,989 | 801,576 |
Federal funds sold | 4,425 | 1,372 |
Securities available for sale, at fair value (amortized cost of $2,140,436 and $1,631,761) | 2,168,837 | 1,660,165 |
Securities held to maturity (fair value of $2,414,682 and $2,186,340) | 2,380,085 | 2,166,289 |
Loans held for sale | 19,764 | 20,252 |
Loans | 14,763,050 | 13,895,276 |
Less: allowance for loan losses | (139,576) | (128,762) |
Loans, net | 14,623,474 | 13,766,514 |
Property and equipment, net of accumulated depreciation of $203,994 and $193,527 | 380,809 | 398,384 |
Prepaid expenses | 23,555 | 28,277 |
Other real estate, net | 32,493 | 58,415 |
Accrued interest receivable | 51,781 | 47,501 |
Goodwill | 621,193 | 621,193 |
Other intangible assets, net | 113,229 | 132,810 |
Life insurance contracts | 431,524 | 426,617 |
FDIC loss share receivable | 32,035 | 60,272 |
Deferred tax asset, net | 66,942 | 74,335 |
Other assets | 144,272 | 126,839 |
Total assets | 21,608,150 | 20,747,266 |
Deposits: | ||
Noninterest-bearing | 6,075,558 | 5,945,208 |
Interest-bearing | 11,364,390 | 10,627,623 |
Total deposits | 17,439,948 | 16,572,831 |
Short-term borrowings | 1,049,182 | 1,151,573 |
Long-term debt | 497,177 | 374,371 |
Accrued interest payable | 7,087 | 4,204 |
Other liabilities | 161,195 | 171,885 |
Total liabilities | 19,154,589 | 18,274,864 |
Stockholders' equity | ||
Common stock - $3.33 par value per share; 350,000,000 shares authorized, 77,518,998 and 80,426,485 shares outstanding | 258,138 | 267,820 |
Capital surplus | 1,710,903 | 1,689,291 |
Treasury shares at cost - 9,296,513 and 7,053,028 shares | (251,082) | (158,131) |
Retained earnings | 781,769 | 723,496 |
Accumulated other comprehensive loss, net | (46,167) | (50,074) |
Total stockholders' equity | 2,453,561 | 2,472,402 |
Total liabilities and stockholders' equity | $ 21,608,150 | $ 20,747,266 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands | Sep. 30, 2015 | Dec. 31, 2014 |
Statement of Financial Position [Abstract] | ||
Securities available for sale, amortized cost | $ 2,140,436 | $ 1,631,761 |
Held to maturity securities, fair value | 2,414,682 | 2,186,340 |
Property and equipment, accumulated depreciation | $ 203,994 | $ 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 | 77,518,998 | 80,426,485 |
Treasury shares, shares | 9,296,513 | 7,053,028 |
Consolidated Statements of Inco
Consolidated Statements of Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | |
Interest income: | ||||
Loans, including fees | $ 146,398 | $ 150,481 | $ 435,270 | $ 453,066 |
Loans held for sale | 176 | 197 | 494 | 544 |
Securities-taxable | 23,631 | 20,824 | 66,095 | 64,601 |
Securities-tax exempt | 839 | 954 | 2,564 | 2,946 |
Short-term investments | 285 | 245 | 913 | 685 |
Total interest income | 171,329 | 172,701 | 505,336 | 521,842 |
Interest expense: | ||||
Deposits | 8,933 | 5,828 | 23,680 | 16,431 |
Short-term borrowings | 273 | 238 | 631 | 2,109 |
Long-term debt | 5,293 | 3,094 | 14,246 | 9,421 |
Total interest expense | 14,499 | 9,160 | 38,557 | 27,961 |
Net interest income | 156,830 | 163,541 | 466,779 | 493,881 |
Provision for loan losses | 10,080 | 9,468 | 22,842 | 24,122 |
Net interest income after provision for loan losses | 146,750 | 154,073 | 443,937 | 469,759 |
Noninterest income: | ||||
Service charges on deposit accounts | 18,619 | 20,000 | 53,842 | 57,981 |
Trust fees | 11,345 | 11,530 | 34,340 | 33,267 |
Bank card and ATM fees | 11,637 | 11,641 | 34,688 | 33,806 |
Investment and annuity fees | 6,149 | 5,506 | 16,037 | 15,555 |
Secondary mortgage market operations | 3,413 | 2,313 | 9,695 | 6,036 |
Insurance commissions and fees | 2,238 | 1,979 | 6,587 | 7,611 |
Amortization of FDIC loss share receivable | (1,564) | (2,760) | (4,034) | (9,989) |
Other income | 8,370 | 7,732 | 26,139 | 26,771 |
Securities transactions | 4 | 337 | ||
Total noninterest income | 60,211 | 57,941 | 177,631 | 171,038 |
Noninterest expense: | ||||
Compensation expense | 71,187 | 69,207 | 206,754 | 204,900 |
Employee benefits | 12,968 | 11,957 | 41,472 | 38,812 |
Personnel expense | 84,155 | 81,164 | 248,226 | 243,712 |
Net occupancy expense | 11,222 | 10,848 | 34,203 | 32,983 |
Equipment expense | 3,598 | 4,619 | 11,623 | 12,958 |
Data processing expense | 13,844 | 13,004 | 41,412 | 38,310 |
Professional services expense | 7,656 | 7,229 | 31,978 | 22,817 |
Amortization of intangibles | 6,027 | 6,570 | 18,493 | 20,352 |
Telecommunications and postage | 3,485 | 3,648 | 10,607 | 11,094 |
Deposit insurance and regulatory fees | 4,225 | 2,967 | 12,033 | 8,677 |
Other real estate expense, net | 422 | (104) | 1,379 | 1,757 |
Other expense | 16,559 | 19,134 | 53,671 | 60,259 |
Total noninterest expense | 151,193 | 149,079 | 463,625 | 452,919 |
Income before income taxes | 55,768 | 62,935 | 157,943 | 187,878 |
Income taxes | 14,602 | 16,382 | 41,789 | 52,248 |
Net income | $ 41,166 | $ 46,553 | $ 116,154 | $ 135,630 |
Earnings per common share-basic | $ 0.52 | $ 0.56 | $ 1.45 | $ 1.62 |
Earnings per common share-diluted | 0.52 | 0.56 | 1.45 | 1.62 |
Dividends paid per share | $ 0.24 | $ 0.24 | $ 0.72 | $ 0.72 |
Weighted average shares outstanding-basic | 77,928 | 81,721 | 78,452 | 81,965 |
Weighted average shares outstanding-diluted | 78,075 | 81,942 | 78,609 | 82,204 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | |
Statement of Comprehensive Income [Abstract] | ||||
Net income | $ 41,166 | $ 46,553 | $ 116,154 | $ 135,630 |
Other comprehensive income: | ||||
Net change in unrealized gain (loss) | 15,131 | (6,293) | 2,174 | 9,119 |
Reclassification adjustment for net losses realized and included in earnings | 802 | 98 | 2,208 | 293 |
Valuation adjustment for employee benefit plans | 4,963 | (104) | (959) | 1,902 |
Amortization of unrealized net gain on securities transferred to held to maturity | 1,023 | 892 | 2,609 | 2,463 |
Other comprehensive income (loss) before income taxes | 21,919 | (5,407) | 6,032 | 13,777 |
Income tax expense (benefit) | 8,002 | (2,005) | 2,125 | 5,091 |
Other comprehensive income (losses) net of income taxes | 13,917 | (3,402) | 3,907 | 8,686 |
Comprehensive income | $ 55,083 | $ 43,151 | $ 120,061 | $ 144,316 |
Consolidated Statements of Chan
Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($) $ in Thousands | Total | Common Stock [Member] | Capital Surplus [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Income (Loss), net [Member] | Treasury Stock [Member] |
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 | 135,630 | 135,630 | ||||
Other comprehensive income | 8,686 | 8,686 | ||||
Comprehensive income | 144,316 | 135,630 | 8,686 | |||
Cash dividends declared ($0.72 per common share) | (60,290) | (60,290) | ||||
Common stock activity, long-term incentive plan | 10,214 | $ 749 | 49,119 | (39,654) | ||
Common stock activity, long-term incentive plan, shares | 224,963 | |||||
Purchase of common stock under stock buyback programs | (9,967) | $ (2,982) | (6,985) | |||
Purchase of common stock under stock buyback programs, shares | (895,485) | |||||
Balance at Sep. 30, 2014 | 2,509,342 | $ 271,617 | 1,696,586 | 703,506 | (26,693) | (135,674) |
Balance, Shares at Sep. 30, 2014 | 81,566,640 | |||||
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 | 116,154 | 116,154 | ||||
Other comprehensive income | 3,907 | 3,907 | ||||
Comprehensive income | 120,061 | 116,154 | 3,907 | |||
Cash dividends declared ($0.72 per common share) | (57,881) | (57,881) | ||||
Common stock activity, long-term incentive plan | 9,815 | $ 747 | 21,612 | (12,544) | ||
Common stock activity, long-term incentive plan, shares | 224,399 | |||||
Purchase of common stock under stock buyback programs | (90,836) | $ (10,429) | (80,407) | |||
Purchase of common stock under stock buyback programs, shares | (3,131,886) | |||||
Balance at Sep. 30, 2015 | $ 2,453,561 | $ 258,138 | $ 1,710,903 | $ 781,769 | $ (46,167) | $ (251,082) |
Balance, Shares at Sep. 30, 2015 | 77,518,998 |
Consolidated Statements of Cha7
Consolidated Statements of Changes in Stockholders' Equity (Unaudited) (Parenthetical) - $ / shares | 9 Months Ended | |
Sep. 30, 2015 | Sep. 30, 2014 | |
Cash dividends declared, per common share | $ 0.72 | $ 0.72 |
Retained Earnings [Member] | ||
Cash dividends declared, per common share | $ 0.72 | $ 0.72 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2015 | Sep. 30, 2014 | |
CASH FLOWS FROM OPERATING ACTIVITIES: | ||
Net income | $ 116,154 | $ 135,630 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Depreciation and amortization | 21,533 | 22,976 |
Provision for loan losses | 22,842 | 24,122 |
Gain on other real estate owned | (521) | (34) |
Deferred tax expense | 11,895 | 24,295 |
Increase in cash surrender value of life insurance contracts | (7,700) | (6,960) |
Loss (gain) on disposal of other assets | 1,626 | (1,411) |
Net decrease in loans held for sale | 498 | 7,017 |
Write-downs on closed branch transfers to other real estate owned | 2,683 | |
Net amortization of securities premium/discount | 15,456 | 12,891 |
Amortization of intangible assets | 18,493 | 20,352 |
Amortization of FDIC indemnification asset | 4,034 | 9,989 |
Stock-based compensation expense | 9,469 | 10,514 |
(Decrease) increase in interest payable and other liabilities | (6,753) | (9,132) |
Net payments from (to) FDIC for loss share claims | 14,667 | (366) |
Decrease in FDIC loss share receivable | 6,309 | 7,729 |
(Increase) decrease in other assets | (9,339) | 21,086 |
Other, net | 4,127 | 6,256 |
Net cash provided by operating activities | 222,790 | 287,637 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ||
Proceeds from sales of securities | 9,287 | 1,301 |
Proceeds from maturities of securities available for sale | 755,663 | 218,351 |
Purchases of securities available for sale | (1,286,443) | (440,187) |
Proceeds from maturities of securities held to maturity | 439,410 | 358,649 |
Purchases of securities held to maturity | (658,226) | (1,031) |
Net decrease (increase) in interest-bearing bank deposits | 611,587 | (199,982) |
Net increase in federal funds sold and short-term investments | (3,053) | (2,736) |
Net increase in loans | (882,702) | (1,060,864) |
Purchase of life insurance contracts | (30,000) | |
Purchases of property and equipment | (19,529) | (14,370) |
Proceeds from sales of property and equipment | 13,607 | 8,607 |
Proceeds from sales of other real estate | 39,612 | 42,913 |
Other, net | (8,603) | 4,273 |
Net cash used in investing activities | (989,390) | (1,115,076) |
CASH FLOWS FROM FINANCING ACTIVITIES: | ||
Net increase in deposits | 867,117 | 376,178 |
Net (decrease) increase in short-term borrowings | (102,391) | 513,849 |
Repayments of long-term debt | (31,621) | (26,558) |
Net proceeds from issuance of long-term debt | 149,153 | 17,184 |
Dividends paid | (57,881) | (60,290) |
Purchase of common stock under stock buyback program | (90,836) | (9,967) |
Proceeds from exercise of stock options | 347 | 962 |
Net cash provided by financing activities | 733,888 | 811,358 |
NET DECREASE IN CASH AND DUE FROM BANKS | (32,712) | (16,081) |
CASH AND DUE FROM BANKS, BEGINNING | 356,455 | 348,440 |
CASH AND DUE FROM BANKS, ENDING | 323,743 | 332,359 |
SUPPLEMENTAL INFORMATION FOR NON-CASH INVESTING AND FINANCING ACTIVITIES | ||
Assets acquired in settlement of loans | $ 12,997 | $ 23,920 |
Basis of Presentation
Basis of Presentation | 9 Months Ended |
Sep. 30, 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 its Annual Report on Form 10-K for the year ended December 31, 2014. |
Securities
Securities | 9 Months Ended |
Sep. 30, 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) September 30, 2015 December 31, 2014 Amortized Gross Gross Fair Value Amortized Gross Gross Fair Value US Treasury and government agency securities $ 144 $ — $ 1 $ 143 $ 300,207 $ 372 $ 71 $ 300,508 Municipal obligations 15,712 240 — 15,952 13,995 186 5 14,176 Mortgage-backed securities 1,814,818 30,021 3,470 1,841,369 1,217,293 31,094 2,823 1,245,564 Collateralized mortgage obligations 303,816 1,964 633 305,147 88,093 — 1,229 86,864 Corporate debt securities 3,500 — — 3,500 3,500 — — 3,500 Equity securities 2,446 313 33 2,726 8,673 891 11 9,553 $ 2,140,436 $ 32,538 $ 4,137 $ 2,168,837 $ 1,631,761 $ 32,543 $ 4,139 $ 1,660,165 Securities Held to Maturity (in thousands) September 30, 2015 December 31, 2014 Amortized Gross Gross Fair Value Amortized Gross Gross Fair Value US Treasury and government agency securities $ 50,000 $ 343 $ — 50,343 $ — $ — $ — $ — Municipal obligations 187,541 3,777 575 190,743 180,615 3,416 1,144 182,887 Mortgage-backed securities 992,984 27,677 — 1,020,661 899,923 23,897 162 923,658 Collateralized mortgage obligations 1,149,560 8,655 5,280 1,152,935 1,085,751 5,590 11,546 1,079,795 $ 2,380,085 $ 40,452 $ 5,855 $ 2,414,682 $ 2,166,289 $ 32,903 $ 12,852 $ 2,186,340 The following table presents the amortized cost and fair value of debt securities at September 30, 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 collateralized mortgage obligations. (in thousands) Amortized Fair Value Debt Securities Available for Sale Due in one year or less $ 43,655 $ 43,069 Due after one year through five years 78,375 79,710 Due after five years through ten years 280,603 289,987 Due after ten years 1,735,357 1,753,345 Total available for sale debt securities $ 2,137,990 $ 2,166,111 Amortized Fair Value Debt Securities Held to Maturity Due in one year or less $ 248,854 $ 250,028 Due after one year through five years 420,607 420,768 Due after five years through ten years 107,040 107,116 Due after ten years 1,603,584 1,636,770 Total held to maturity securities $ 2,380,085 $ 2,414,682 The Company held no securities classified as trading at September 30, 2015 or December 31, 2014. The details for securities classified as available for sale with unrealized losses for the periods indicated follow. Available for Sale September 30, 2015 Losses < 12 months Losses 12 months or > Total (in thousands) Fair Value Gross Fair Value Gross Fair Value Gross US Treasury and government agency securities $ — $ — $ 88 $ 1 $ 88 $ 1 Mortgage-backed securities 482,530 1,884 115,334 1,586 597,864 3,470 Collateralized mortgage obligations 48,576 11 34,958 622 83,534 633 Equity securities 1,510 31 2 2 1,512 33 $ 532,616 $ 1,926 $ 150,382 $ 2,211 $ 682,998 $ 4,137 Available for Sale December 31, 2014 Losses < 12 months Losses 12 months or > Total (in thousands) Fair Value Gross Fair Value Gross Fair Value Gross 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 Collateralized mortgage obligations — — 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 September 30, 2015 Losses < 12 months Losses 12 months or > Total (in thousands) Fair Gross Fair Value Gross Fair Value Gross Municipal obligations $ 21,844 $ 65 $ 49,025 $ 510 $ 70,869 $ 575 Collateralized mortgage obligations 47,775 314 375,397 4,966 423,172 5,280 $ 69,619 $ 379 $ 424,422 $ 5,476 $ 494,041 $ 5,855 Held to maturity December 31, 2014 Losses < 12 months Losses 12 months or > Total (in thousands) Fair Value Gross Fair Value Gross Fair Value Gross Municipal obligations $ 4,316 $ 12 $ 58,105 $ 1,132 $ 62,421 $ 1,144 Mortgage-backed securities — — 95,522 162 95,522 162 Collateralized mortgage obligations 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 primarily relate to changes in market rates on fixed-rate debt securities since the respective purchase dates. In all cases, the indicated impairment on these debt securities would be recovered no later than the security’s maturity date or possibly earlier if the market price for the security increases with a reduction in the yield required by the market. None of the unrealized losses relate to the marketability of the securities or the issuer’s ability to meet contractual obligations. The Company believes it has adequate liquidity and, therefore, does not plan to and, more likely than not, will not be required to sell these securities before recovery of the indicated impairment. Accordingly, the unrealized losses on these securities have been determined to be temporary. Securities with carrying values totaling $3.0 billion at September 30, 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 Lo
Loans and Allowance for Loan Losses | 9 Months Ended |
Sep. 30, 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) September 30, December 31, Originated loans: Commercial non-real estate $ 6,232,310 $ 5,917,728 Construction and land development 1,068,895 1,073,964 Commercial real estate 2,956,354 2,428,195 Residential mortgages 1,843,756 1,704,770 Consumer 1,976,872 1,685,542 Total originated loans $ 14,078,187 $ 12,810,199 Acquired loans: Commercial non-real estate $ 107,985 $ 120,137 Construction and land development 8,297 21,123 Commercial real estate 352,896 688,045 Residential mortgages 819 2,378 Consumer 22 985 Total acquired loans $ 470,019 $ 832,668 FDIC acquired loans: Commercial non-real estate $ 5,699 $ 6,195 Construction and land development 8,393 11,674 Commercial real estate 18,136 27,808 Residential mortgages 169,214 187,033 Consumer 13,402 19,699 Total FDIC acquired loans $ 214,844 $ 252,409 Total loans: Commercial non-real estate $ 6,345,994 $ 6,044,060 Construction and land development 1,085,585 1,106,761 Commercial real estate 3,327,386 3,144,048 Residential mortgages 2,013,789 1,894,181 Consumer 1,990,296 1,706,226 Total loans $ 14,763,050 $ 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 and leases originated for investment and acquired-performing loans where the discount (premium) has been fully accreted (amortized). Originated loans are reported at the principal balance outstanding, net of unearned income. Interest on loans and accretion of unearned income, including deferred loan fees, are computed in a manner that approximates a level yield on recorded principal. Interest on loans is recognized in income as earned. The accrual of interest on an originated loan is discontinued when, in management’s opinion, it is probable that the borrower will be unable to meet payment obligations as they become due, as well as when required by regulatory provisions. When accrual of interest is discontinued on a loan, all unpaid accrued interest is reversed and payments subsequently received are applied first to recover principal. Interest income is recognized for payments received after contractual principal has been satisfied. Loans are returned to accrual status when all the principal and interest contractually due are brought current and future payment performance is reasonably assured. Acquired loans Loans reported as “acquired” are those loans that were purchased in the 2011 Whitney Holding Corporation acquisition. These loans were recorded at estimated fair value at the acquisition date with no carryover of the related allowance for loan losses. At the time of the Whitney acquisition, the Whitney acquired loans were segregated between those considered to be performing (“acquired-performing”) and those with evidence of credit deterioration (“acquired-impaired”) based on such factors as past due status, nonaccrual status and credit risk ratings (rated substandard or worse). The acquired loans were further segregated into loan pools designed to facilitate the development of expected cash flows to be used in estimating fair value for purchase accounting. Acquired-performing loans are accounted for under ASC 310-20 and acquired-impaired loans are accounted for under ASC 310-30. Acquired-performing loans were segregated into pools based on common risk characteristics such as loan type, credit risk ratings, and contractual interest rate and repayment terms. The major loan types included commercial and industrial loans not secured by real estate, real estate construction and land development loans, commercial real estate loans, residential mortgage loans, and consumer loans, with further segregation within certain loan types as needed. Expected cash flows, both principal and interest, from each pool were estimated based on key assumptions covering such factors as prepayments, default rates, and severity of loss given a default. These assumptions were developed using both historical experience and the portfolio characteristics at acquisition as well as available market research. The fair value for each acquired-performing pool was based on the estimate of expected cash flows from the pool discounted at prevailing market rates. The difference at the acquisition date between the fair value and the contractual amounts due of an acquired-performing loan pool (the “fair value discount”) is accreted into income over the estimated life of the pool. Acquired-performing loans are placed on nonaccrual status and reported as nonperforming or past due using the same criteria applied to the originated portfolio. The acquired-impaired loans were segregated into pools by identifying loans with common credit risk profiles and were based primarily on characteristics such as loan type and market area in which originated. The major loan types included commercial and industrial loans not secured by real estate, real estate construction and land development loans, commercial real estate loans, and residential mortgage loans, with further segregation within certain loan types as needed. The acquired-impaired loans were further disaggregated by geographic region in recognition of the differences in general economic conditions affecting borrowers in certain states. The fair value estimate for each pool of acquired-impaired loans was based on the estimate of expected cash flows from the pool discounted at prevailing market rates. The excess of estimated cash flows expected to be collected from an acquired-impaired loan pool over the pool’s carrying value is referred to as the accretable yield and is recognized in interest income using an effective yield method over the expected life of the loan pool. Each pool of acquired-impaired loans is accounted for as a single asset with a single composite interest rate and an aggregate expectation of cash flows. Acquired-impaired loans in pools with an accretable yield and expected cash flows that are reasonably estimable are considered to be accruing and performing even though collection of contractual payments on loans within the pool may be in doubt, because the pool is the unit of accounting. Acquired-impaired loans are generally not subject to individual evaluation for impairment and are not reported with impaired loans or troubled debt restructurings even if they would otherwise qualify for such treatment. FDIC acquired loans and the related loss share receivable Loans reported as “FDIC acquired” are loans purchased in the 2009 acquisition of Peoples First Community Bank (“Peoples First”) that were covered by two loss share agreements between the FDIC and the Company. These loans are accounted for as acquired-impaired loans as described above in the section on acquired loans. The Company treated all loans for the Peoples First acquisition as impaired based on the significant amount of deteriorating and nonperforming loans, comprised mainly of adjustable rate mortgages and home equity loans, located in Florida. The loss share receivable is measured separately from the related covered loans as it is not contractually embedded in the loans and is not transferrable should the loans be sold. The fair value of the loss share receivable at acquisition was estimated by discounting expected reimbursements for losses from the loans covered by the loss share agreements, including appropriate consideration of possible true-up payments to the FDIC at the expiration of the agreements. The loss share receivable is reviewed and updated prospectively as loss estimates related to covered loan pools change. Increases in expected reimbursements under the loss sharing agreement will lead to an increase in the loss share receivable. A decrease in expected reimbursements is reflected first as a reversal of any previously recorded increase in the loss share receivable on the covered loan pools with the remainder reflected as an increase in the loss share receivable’s amortization rate. The loss share receivable serves to offset the impact on provision due to impairments or impairment reversals that occur as a result of changes in loss estimates on the underlying covered loan pools. The excess (or shortfall) of expected claims compared to the carrying value of the loss share receivable is accreted (amortized) into noninterest income over the shorter of the remaining life of the covered loan pool or the life of the loss share agreement. The impact on operations of an increase in the loss share receivable’s amortization rate is associated with an increase in the accretable yield on the underlying loan pool. The loss share receivable is reduced as cash is received from the FDIC related to losses incurred on covered assets. The following schedule shows activity in the loss share receivable for the nine months ended September 30, 2015 and 2014. Nine Months Ended (in thousands) September 30, September 30, Balance, January 1 $ 60,272 $ 113,834 Amortization (4,034 ) (9,989 ) Charge-offs, write-downs and other recoveries (6,733 ) (793 ) External expenses qualifying under loss share agreement 1,035 3,325 Changes due to changes in cash flow projections (1,984 ) (14,569 ) FDIC resolution of denied claims (1,854 ) (10,268 ) Net payments (from) to FDIC (14,667 ) 366 Ending balance $ 32,035 $ 81,906 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 nine months ended September 30, 2015 and 2014 as well as the corresponding recorded investment in loans at the end of each period. (in thousands) Commercial non-real estate Construction Commercial Residential Consumer Total Nine Months Ended September 30, 2015 Originated loans Allowance for loan losses: Beginning balance $ 50,258 $ 5,413 $ 16,544 $ 8,051 $ 17,435 $ 97,701 Charge-offs (3,068 ) (1,483 ) (1,128 ) (1,451 ) (10,431 ) (17,561 ) Recoveries 2,589 2,006 635 578 3,418 9,226 Net provision for loan losses 13,594 (289 ) 825 283 10,119 24,532 Ending balance $ 63,373 $ 5,647 $ 16,876 $ 7,461 $ 20,541 $ 113,898 Ending balance: Individually evaluated for impairment $ 5,588 $ 21 $ 2,737 $ 96 $ 3 $ 8,445 Collectively evaluated for impairment 57,785 5,626 14,139 7,365 20,538 105,453 Loans: Ending balance: $ 6,232,310 $ 1,068,895 $ 2,956,354 $ 1,843,756 $ 1,976,872 $ 14,078,187 Individually evaluated for impairment 75,345 2,053 31,478 903 157 109,936 Collectively evaluated for impairment 6,156,965 1,066,842 2,924,876 1,842,853 1,976,715 13,968,251 Acquired loans Allowance for loan losses: Beginning balance $ — $ — $ 477 $ — $ — $ 477 Charge-offs — — — — — — Recoveries — — — — — — Net provision for loan losses — — (304 ) — — (304 ) Ending balance $ — $ — $ 173 $ — $ — $ 173 Ending balance: Individually evaluated for impairment $ — $ — $ 173 $ — $ — $ 173 Amounts related to acquired-impaired loans — — — — — — Collectively evaluated for impairment — — — — — — Loans: Ending balance: $ 107,985 $ 8,297 $ 352,896 $ 819 $ 22 $ 470,019 Individually evaluated for impairment — — 2,507 — — 2,507 Acquired-impaired loans 7,459 7,943 18,818 819 22 35,061 Collectively evaluated for impairment 100,526 354 331,571 — — 432,451 (in thousands) Commercial non-real estate Construction Commercial Residential Consumer Total Nine Months Ended September 30, 2015 FDIC acquired loans Allowance for loan losses: Beginning balance $ 911 $ 1,008 $ 4,061 $ 20,609 $ 3,995 $ 30,584 Charge-offs (1,425 ) (406 ) (2,732 ) (748 ) (140 ) (5,451 ) Recoveries 1,699 896 957 5 185 3,742 Net provision for loan losses (950 ) 235 (620 ) 1,181 (1,232 ) (1,386 ) Increase (decrease) in FDIC loss share receivable 314 (6 ) 523 (2,718 ) (97 ) (1,984 ) Ending balance $ 549 $ 1,727 $ 2,189 $ 18,329 $ 2,711 $ 25,505 Ending balance: Individually evaluated for impairment $ — $ — $ — $ — $ — $ — Amounts related to acquired-impaired loans 549 1,727 2,189 18,329 2,711 25,505 Collectively evaluated for impairment — — — — — — Loans: Ending balance: $ 5,699 $ 8,393 $ 18,136 $ 169,214 $ 13,402 $ 214,844 Individually evaluated for impairment — — — — — — Acquired-impaired loans 5,699 8,393 18,136 169,214 13,402 214,844 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 (4,493 ) (1,889 ) (3,860 ) (2,199 ) (10,571 ) (23,012 ) Recoveries 4,288 2,902 1,592 583 3,603 12,968 Net provision for loan losses 12,644 (54 ) (99 ) 1,464 8,887 22,842 Increase (decrease) in FDIC loss share receivable 314 (6 ) 523 (2,718 ) (97 ) (1,984 ) Ending balance $ 63,922 $ 7,374 $ 19,238 $ 25,790 $ 23,252 $ 139,576 Ending balance: Individually evaluated for impairment $ 5,588 $ 21 $ 2,910 $ 96 $ 3 $ 8,618 Amounts related to acquired-impaired loans 549 1,727 2,189 18,329 2,711 25,505 Collectively evaluated for impairment 57,785 5,626 14,139 7,365 20,538 105,453 Loans: Ending balance: $ 6,345,994 $ 1,085,585 $ 3,327,386 $ 2,013,789 $ 1,990,296 $ 14,763,050 Individually evaluated for impairment 75,345 2,053 33,985 903 157 112,443 Acquired-impaired loans 13,158 16,336 36,954 170,033 13,424 249,905 Collectively evaluated for impairment 6,257,491 1,067,196 3,256,447 1,842,853 1,976,715 14,400,702 Commercial non-real estate Construction Commercial Residential Consumer Total (In thousands) Nine Months Ended September 30, 2014 Originated loans Allowance for loan losses: Beginning balance $ 33,091 $ 6,180 $ 20,649 $ 6,892 $ 12,073 $ 78,885 Charge-offs (4,690 ) (2,615 ) (2,255 ) (1,793 ) (11,920 ) (23,273 ) Recoveries 2,118 1,220 1,231 501 3,722 8,792 Net provision for loan losses 3,929 2,151 (3,231 ) 3,647 10,921 17,417 Ending balance $ 34,448 $ 6,936 $ 16,394 $ 9,247 $ 14,796 $ 81,821 Ending balance: Individually evaluated for impairment $ 24 $ 250 $ 98 $ 382 $ — $ 754 Collectively evaluated for impairment 34,424 6,686 16,296 8,865 14,796 81,067 Loans: Ending balance: $ 4,806,740 $ 974,442 $ 2,245,855 $ 1,635,462 $ 1,623,069 $ 11,285,568 Individually evaluated for impairment 5,582 6,617 14,486 2,712 — 29,397 Collectively evaluated for impairment 4,801,158 967,825 2,231,369 1,632,750 1,623,069 11,256,171 Acquired loans Allowance for loan losses: Beginning balance $ 1,603 $ 10 $ 34 $ — $ — $ 1,647 Charge-offs — — — — — — Recoveries — — — — — — Net provision for loan losses 5,800 1,436 57 (4 ) 182 7,471 Ending balance $ 7,403 $ 1,446 $ 91 $ (4 ) $ 182 $ 9,118 Ending balance: Individually evaluated for impairment $ 92 $ 426 $ 46 $ — $ — $ 564 Amounts related to acquired-impaired loans — — — — — — Collectively evaluated for impairment 7,311 1,020 45 (4 ) 182 8,554 Loans: Ending balance: $ 769,226 $ 110,294 $ 813,429 $ 37,739 $ 51,488 $ 1,782,176 Individually evaluated for impairment 931 2,284 458 28 — 3,701 Acquired-impaired loans 4,064 19,200 27,392 5,038 143 55,837 Collectively evaluated for impairment 764,231 88,810 785,579 32,673 51,345 1,722,638 Commercial non-real estate Construction Commercial Residential Consumer Total (In thousands) Nine Months Ended September 30, 2014 FDIC acquired loans Allowance for loan losses: Beginning balance $ 2,323 $ 2,655 $ 10,929 $ 27,989 $ 9,198 $ 53,094 Charge-offs (176 ) (350 ) (4,480 ) (677 ) (1,192 ) (6,875 ) Recoveries 467 1,504 1,408 1 370 3,750 Net provision for loan losses (79 ) (138 ) (125 ) (257 ) (167 ) (766 ) (Decrease) increase in FDIC loss share receivable (1,507 ) (2,404 ) (2,418 ) (4,873 ) (3,368 ) (14,570 ) Ending balance $ 1,028 $ 1,267 $ 5,314 $ 22,183 $ 4,841 $ 34,633 Ending balance: Individually evaluated for impairment $ — $ — $ — $ — $ — $ — Amounts related to acquired-impaired loans 1,028 1,267 5,314 22,183 4,841 34,633 Collectively evaluated for impairment — — — — — — Loans: Ending balance: $ 11,171 $ 11,166 $ 41,550 $ 185,289 $ 31,654 $ 280,830 Individually evaluated for impairment — — — — — — Acquired-impaired loans 11,171 11,166 41,550 185,289 31,654 280,830 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 (4,866 ) (2,965 ) (6,735 ) (2,470 ) (13,112 ) (30,148 ) Recoveries 2,585 2,724 2,639 502 4,092 12,542 Net provision for loan losses 9,650 3,449 (3,299 ) 3,386 10,936 24,122 (Decrease) increase in FDIC loss share receivable (1,507 ) (2,404 ) (2,418 ) (4,873 ) (3,368 ) (14,570 ) Ending balance $ 42,879 $ 9,649 $ 21,799 $ 31,426 $ 19,819 $ 125,572 Ending balance: Individually evaluated for impairment $ 116 $ 676 $ 144 $ 382 $ — $ 1,318 Amounts related to acquired-impaired loans 1,028 1,267 5,314 22,183 4,841 34,633 Collectively evaluated for impairment 41,735 7,706 16,341 8,861 14,978 89,621 Loans: Ending balance: $ 5,587,137 $ 1,095,902 $ 3,100,834 $ 1,858,490 $ 1,706,211 $ 13,348,574 Individually evaluated for impairment 6,513 8,901 14,944 2,740 — 33,098 Acquired-impaired loans 15,235 30,366 68,942 190,327 31,797 336,667 Collectively evaluated for impairment 5,565,389 1,056,635 3,016,948 1,665,423 1,674,414 12,978,809 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. September 30, December 31, (in thousands) 2015 2014 Originated loans: Commercial non-real estate $ 93,448 $ 15,511 Construction and land development 5,527 6,462 Commercial real estate 36,367 22,047 Residential mortgages 21,750 21,702 Consumer 6,838 5,574 Total originated loans $ 163,930 $ 71,296 Acquired loans: Commercial non-real estate $ — $ — Construction and land development — — Commercial real estate 3,015 6,139 Residential mortgages — — Consumer — — Total acquired loans $ 3,015 $ 6,139 FDIC acquired loans: Commercial non-real estate $ — $ — Construction and land development — 1,103 Commercial real estate — 433 Residential mortgages — 392 Consumer — 174 Total FDIC acquired loans $ — $ 2,102 Total loans: Commercial non-real estate $ 93,448 $ 15,511 Construction and land development 5,527 7,565 Commercial real estate 39,382 28,619 Residential mortgages 21,750 22,094 Consumer 6,838 5,748 Total loans $ 166,945 $ 79,537 Nonaccrual loans include loans modified in troubled debt restructurings (“TDRs”) of $4.9 million and $7.0 million at September 30, 2015 and December 31, 2014, respectively. Total TDRs, both accruing and nonaccruing, were $10.7 million as of September 30, 2015 and $16.0 million at December 31, 2014. The table below details TDRs that were modified during the nine months ended September 30, 2015 and September 30, 2014 by portfolio segment. Nine Months Ended (in thousands) September 30, 2015 September 30, 2014 Troubled Debt Restructurings: Number of Pre-Modification Post-Modification Number of Pre-Modification Post-Modification Originated loans: Commercial non-real estate — $ — $ — — $ — $ — Construction and land development — — — — — — Commercial real estate 1 482 482 2 2,430 2,385 Residential mortgages 4 185 185 4 1,495 848 Consumer 1 20 20 — — — Total originated loans 6 $ 687 $ 687 6 $ 3,925 $ 3,233 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 1 482 482 2 2,430 2,385 Residential mortgages 4 185 185 4 1,495 848 Consumer 1 20 20 — — — Total loans 6 $ 687 $ 687 6 $ 3,925 $ 3,233 No TDRs that subsequently defaulted within twelve months of modification were recorded in the nine months ended September 30, 2015. For the nine months ended September 30, 2014, one originated commercial non-real estate loan with a recorded investment of $0.9 million subsequently defaulted within twelve months of notification. The tables below present loans that are individually evaluated for impairment disaggregated by class at September 30, 2015 and December 31, 2014. Loans individually evaluated for impairment include TDRs and loans that are determined to be impaired and have aggregate relationship balances of $1 million or more. September 30, 2015 Recorded Investment Unpaid Balance Related Allowance Average Investment Interest Recognized (in thousands) Originated loans: With no related allowance recorded: Commercial non-real estate $ 32,963 $ 33,468 $ — $ 14,887 $ — Construction and land development 1,391 1,391 — 1,319 — Commercial real estate 12,945 14,952 — 11,018 26 Residential mortgages — — — 259 2 Consumer 95 95 — 74 — 47,394 49,906 — 27,557 28 With an allowance recorded: Commercial non-real estate 42,382 43,146 5,588 16,683 6 Construction and land development 662 2,224 21 3,443 66 Commercial real estate 18,533 18,536 2,737 12,143 70 Residential mortgages 903 1,413 96 1,578 18 Consumer 62 62 3 27 3 62,542 65,381 8,445 33,874 163 Total: Commercial non-real estate 75,345 76,614 5,588 31,570 6 Construction and land development 2,053 3,615 21 4,762 66 Commercial real estate 31,478 33,488 2,737 23,161 96 Residential mortgages 903 1,413 96 1,837 20 Consumer 157 157 3 101 3 Total originated loans $ 109,936 $ 115,287 $ 8,445 $ 61,431 $ 191 Acquired loans: With an allowance recorded: Commercial non-real estate $ — $ — $ — $ — $ — Construction and land development — — — — — Commercial real estate 2,507 2,522 173 2,580 — Residential mortgages — — — — — Consumer — — — — — 2,507 2,522 173 2,580 — Total: Commercial non-real estate — — — — — Construction and land development — — — — — Commercial real estate 2,507 2,522 173 2,580 — Residential mortgages — — — — — Consumer — — — — — Total acquired loans $ 2,507 $ 2,522 $ 173 $ 2,580 $ — September 30, 2015 Recorded Investment Unpaid Balance Related Allowance Average Investment Interest Recognized (in thousands) Total loans: With no related allowance recorded: Commercial non-real estate $ 32,963 $ 33,468 $ — $ 14,887 $ — Construction and land development 1,391 1,391 — 1,319 — Commercial real estate 12,945 14,952 — 11,018 26 Residential mortgages — — — 259 2 Consumer 95 95 — 74 — 47,394 49,906 — 27,557 28 With an allowance recorded: Commercial non-real estate 42,382 43,146 5,588 16,683 6 Construction and land development 662 2,224 21 3,443 66 Commercial real estate 21,040 21,058 2,910 14,723 70 Residential mortgages 903 1,413 96 1,578 18 Consumer 62 62 3 27 3 65,049 67,903 8,618 36,454 163 Total: Commercial non-real estate 75,345 76,614 5,588 31,570 6 Construction and land development 2,053 3,615 21 4,762 66 Commercial real estate 33,985 36,010 2,910 25,741 96 Residential mortgages 903 1,413 96 1,837 20 Consumer 157 157 3 101 3 Total loans $ 112,443 $ 117,809 $ 8,618 $ 64,011 $ 191 December 31, 2014 (in thousands) Recorded Unpaid Related Average Interest 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 (in thousands) Recorded Unpaid Related Average Interest 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 tables below present the age analysis of past due loans at September 30, 2015 and December 31, 2014. FDIC acquired and acquired-impaired loans accounted for in pools with an accretable yield are considered to be current. September 30, 2015 30-59 days 60-89 days Greater than past due Total past due Current Total Loans Recorded (in thousands) Originated loans: Commercial non-real estate $ 19,298 $ 3,271 $ 6,805 $ 29,374 $ 6,202,936 $ 6,232,310 $ 878 Construction and land development 2,489 602 4,471 7,562 1,061,333 1,068,895 1,700 Commercial real estate 5,823 3,572 16,289 25,684 2,930,670 2,956,354 1,773 Residential mortgages 25,525 4,619 9,669 39,813 1,803,943 1,843,756 46 Consumer 13,037 5,490 5,271 23,798 1,953,074 1,976,872 1,350 Total $ 66,172 $ 17,554 $ 42,505 $ 126,231 $ 13,951,956 $ 14,078,187 $ 5,747 Acquired loans: Commercial non-real estate $ — $ — $ — $ — $ 107,985 $ 107,985 $ — Construction and land development — — — — 8,297 8,297 — Commercial real estate 744 428 445 1,617 351,279 352,896 129 Residential mortgages — — — — 819 819 — Consumer — — — — 22 22 — Total $ 744 $ 428 $ 445 $ 1,617 $ 468,402 $ 470,019 $ 129 FDIC acquired loans: Commercial non-real estate $ — $ — $ — $ — $ 5,699 $ 5,699 $ — Construction and land development — — — — 8,393 8,393 — Commercial real estate — — — — 18,136 18,136 — Residential mortgages — — — — 169,214 169,214 — Consumer — — — — 13,402 13,402 — Total $ — $ — $ — $ — $ 214,844 $ 214,844 $ — Total loans: Commercial non-real estate $ 19,298 $ 3,271 $ 6,805 $ 29,374 $ 6,316,620 $ 6,345,994 $ 878 Construction and land development 2,489 602 4,471 7,562 1,078,023 1,085,585 1,700 Commercial real estate 6,567 4,000 16,734 27,301 3,300,085 3,327,386 1,902 Residential mortgages 25,525 4,619 9,669 39,813 1,973,976 2,013,789 46 Consumer 13,037 5,490 5,271 23,798 1,966,498 1,990,296 1,350 Total $ 66,916 $ 17,982 $ 42,950 $ 127,848 $ 14,635,202 $ 14,763,050 $ 5,876 December 31, 2014 30-59 days 60-89 days Greater than Total past due Current Total Loans Recorded (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 September 30, 2015 and December 31, 2014. Commercial Non-Real Estate Credit Exposure Credit Risk Profile by Internally Assigned Grade (in thousands) September 30, 2015 December 31, 2014 Originated Acquired FDIC acquired Total Originated Acquired FDIC acquired Total Grade: Pass $ 5,531,569 $ 100,836 $ 2,201 $ 5,634,606 $ 5,577,827 $ 111,847 $ 2,027 $ 5,691,701 Pass-Watch 134,860 76 883 135,819 174,742 715 1,120 176,577 Special Mention 225,228 328 — 225,556 52,962 350 — 53,312 Substandard 340,618 6,745 2,615 349,978 112,153 7,225 3,017 122,395 Doubtful 35 — — 35 44 — 31 75 Total $ 6,232,310 $ 107,985 $ 5,699 $ 6,345,994 $ 5,917,728 $ 120,137 $ 6,195 $ 6,044,060 Construction Credit Exposure Credit Risk Profile by Internally Assigned Grade (in thousands) September 30, 2015 December 31, 2014 Originated Acquired FDIC acquired Total Originated Acquired FDIC acquired Total Grade: Pass $ 1,020,611 $ 1,354 $ 2,238 $ 1,024,203 $ 1,012,128 $ 14,377 $ 2,468 $ 1,028,973 Pass-Watch 3,038 2,324 947 6,309 21,516 432 532 22,480 Special Mention 11,612 — 286 11,898 7,097 129 319 7,545 Substandard 33,634 4,619 4,922 43,175 33,223 6,185 8,355 47,763 Total $ 1,068,895 $ 8,297 $ 8,393 $ 1,085,585 $ 1,073,964 $ 21,123 $ 11,674 $ 1,106,761 Commercial Real Estate Credit Exposure Credit Risk Profile by Internally Assigned Grade (in thousands) September 30, 2015 December 31, 2014 Originated Acquired FDIC acquired Total Originated Acquired FDIC acquired Total Grade: Pass $ 2,769,860 $ 328,821 $ 3,298 $ 3,101,979 $ 2,241,391 $ 641,966 $ 4,139 $ 2,887,496 Pass-Watch 41,344 5,247 2,585 49,176 61,589 11,142 4,547 77,278 Special Mention 42,674 5,373 1,433 49,480 21,543 8,113 1,319 30,975 Substandard 102,459 13,455 10,820 126,734 103,651 26,824 17,803 148,278 Doubtful 17 — — 17 21 — — 21 Total $ 2,956,354 $ 352,896 $ 18,136 $ 3,327,386 $ 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) September 30, 2015 December 31, 2014 Originated Acquired FDIC acquired Total Originated Acquired FDIC acquired Total Performing $ 1,821,959 $ 819 $ 169,214 $ 1,991,992 $ 1,681,868 $ 2,378 $ 186,641 $ 1,870,887 Nonperforming 21,797 — — 21,797 22,902 — 392 23,294 Total $ 1,843,756 $ 819 $ 169,214 $ 2,013,789 $ 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) September 30, 2015 December 31, 2014 Originated Acquired FDIC acquired Total Originated Acquired FDIC acquired Total Performing $ 1,968,684 $ 22 $ 13,402 $ 1,982,108 $ 1,678,069 $ 985 $ 19,525 $ 1,698,579 Nonperforming 8,188 — — 8,188 7,473 — 174 7,647 Total $ 1,976,872 $ 22 $ 13,402 $ 1,990,296 $ 1,685,542 $ |
Securities Sold under Agreement
Securities Sold under Agreements to Repurchase | 9 Months Ended |
Sep. 30, 2015 | |
Brokers and Dealers [Abstract] | |
Securities Sold under Agreements to Repurchase | 4. Securities Sold under Agreements to Repurchase Included in short term borrowings at September 30, 2015 was $439.0 million of customer securities sold under agreements to repurchase (“repurchase agreements”) that mature daily and were secured by agency securities. The Company borrows funds on a secured basis by selling securities under agreements to repurchase, mainly in connection with treasury-management services offered to its deposit customers. As the Company maintains effective control over assets sold under agreements to repurchase, the securities continue to be carried on the consolidated statements of financial condition. Because the Company acts as borrower transferring assets to the counterparty, and the agreements mature daily, the Company’s risk is very limited. |
Long-Term Debt
Long-Term Debt | 9 Months Ended |
Sep. 30, 2015 | |
Debt Disclosure [Abstract] | |
Long-Term Debt | 5. Long-Term Debt Long-term debt consisted of the following. ( in thousands) September 30, December 31, Subordinated notes payable, maturing June 2045 $ 150,000 $ — Subordinated notes payable, maturing April 2017 98,011 98,011 Term note payable, maturing December 2015 123,200 149,600 Other long-term debt 125,966 126,760 Total long-term debt $ 497,177 $ 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. Quarterly interest payments began in June. 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 were issued by Whitney National Bank and later assumed by Hancock in the Whitney acquisition. As of September 30, 2015, 20% of the balance of these notes qualifies as capital in the calculation of certain regulatory capital ratios. The notes 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 comply with certain financial covenants in the term loan agreement and are subject to other restrictions customary in financings of this nature, none of which are expected to adversely impact their operations. 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 September 30, 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 through 2053, they are expected to be paid off at the end of the seven-year compliance period for the related tax credit investments. |
Fair Value
Fair Value | 9 Months Ended |
Sep. 30, 2015 | |
Fair Value Disclosures [Abstract] | |
Fair Value | 6. 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. September 30, 2015 (in thousands) Level 1 Level 2 Total Assets Available for sale debt securities: U.S. Treasury and government agency securities $ — $ 143 $ 143 Municipal obligations — 15,952 15,952 Corporate debt securities — 3,500 3,500 Mortgage-backed securities — 1,841,369 1,841,369 Collateralized mortgage obligations — 305,147 305,147 Equity securities 2,726 — 2,726 Total available for sale securities 2,726 2,166,111 2,168,837 Derivative assets (1) — 31,399 31,399 Total recurring fair value measurements – assets $ 2,726 $ 2,197,510 $ 2,200,236 Liabilities Derivative liabilities (1) $ — $ 30,908 $ 30,908 Total recurring fair value measurements – liabilities $ — $ 30,908 $ 30,908 (1) For further disaggregation of derivative assets and liabilities, see Note 7 – 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 7 – Derivatives. Securities classified as level 1 within the valuation hierarchy include U.S. Treasury securities and certain other debt and equity securities. Level 2 classified securities include obligations of U.S. Government agencies and U.S. Government-sponsored agencies, residential mortgage-backed securities and collateralized mortgage obligations that are issued or guaranteed by U.S. government agencies, and state and municipal bonds. The level 2 fair value measurements for investment securities are obtained quarterly from a third-party pricing service that uses industry-standard pricing models. Substantially all of the model inputs are observable in the marketplace or can be supported by observable data. The Company invests only in securities of investment grade quality with a targeted duration, for the overall portfolio, generally between two and five. Company policies generally limit investments to agency securities and municipal securities determined to be investment grade according to an internally generated score which generally includes a rating of not less than “Baa” or its equivalent by a nationally recognized statistical rating agency. There were no transfers between valuation hierarchy levels during the periods shown. The fair value of derivative financial instruments, which are predominantly customer interest rate swaps, is obtained from a third-party pricing service that uses an industry-standard discounted cash flow model that relies on inputs, LIBOR swap curves and Overnight Index swap rate curves, observable in the marketplace. To comply with the accounting guidance, credit valuation adjustments are incorporated in the fair values to appropriately reflect nonperformance risk for both the Company and the counterparties. Although the Company has determined that the majority of the inputs used to value the derivative instruments fall within level 2 of the fair value hierarchy, the credit value adjustments utilize level 3 inputs, such as estimates of current credit spreads. The Company has determined that the impact of the credit valuation adjustments is not significant to the overall valuation of these derivatives. As a result, the Company has classified its derivative valuations in their entirety in level 2 of the fair value hierarchy. The Company’s policy is to measure counterparty credit risk quarterly for all derivative instruments, including those subject to master netting arrangements consistent with how market participants would price the net risk exposure at the measurement date. The Company also has certain derivative instruments associated with the Bank’s mortgage-banking activities. These derivative instruments include interest rate lock commitments on prospective residential mortgage loans and forward commitments to sell these loans to investors on a best efforts delivery basis. The fair value of these derivative instruments is measured using observable market prices for similar instruments and is classified as a level 2 measurement. Fair Value of Assets Measured on a Nonrecurring Basis Certain assets and liabilities are measured at fair value on a nonrecurring basis. Collateral-dependent impaired loans are level 2 assets measured at the fair value of the underlying collateral based on independent third-party appraisals that take into consideration market-based information such as recent sales activity for similar assets in the property’s market. Other real estate owned, including both foreclosed property and surplus banking property, are level 3 assets that are adjusted to fair value, less estimated selling costs, upon transfer to other real estate owned. Subsequently, other real estate owned is carried at the lower of carrying value or fair value less estimated selling costs. Fair values are determined by sales agreement or third-party appraisals as discounted for estimated selling costs, information from comparable sales, and marketability of the property. The fair value information presented below is not as of the period-end, rather it was as of the date the fair value adjustment was recorded during the twelve months ended for each of the dates presented below, and excludes nonrecurring fair value measurements of assets no longer on the balance sheet. The following tables present the Company’s financial assets that are measured at fair value on a nonrecurring basis for each of the fair value hierarchy levels. September 30, 2015 (in thousands) Level 1 Level 2 Level 3 Total Collateral-dependent impaired loans $ — $ 98,019 $ — $ 98,019 Other real estate owned — — 21,778 21,778 Total nonrecurring fair value measurements $ — $ 98,019 $ 21,778 $ 119,797 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 short-term Securities Loans, Net Loans Held for Sale Deposits Securities Sold under Agreements to Repurchase, Federal Funds Purchased, and Federal Home Loan Bank (“FHLB”) Borrowings Long-Term Debt Derivative Financial Instruments The following tables present the estimated fair values of the Company’s financial instruments by fair value hierarchy levels and the corresponding carrying amount at September 30, 2015 and December 31, 2014. September 30, 2015 (in thousands) Level 1 Level 2 Level 3 Total Fair Value Carrying Amount Financial assets: Cash, interest-bearing bank deposits, and federal funds sold $ 518,157 $ — $ — $ 518,157 $ 518,157 Available for sale securities 2,726 2,166,111 — 2,168,837 2,168,837 Held to maturity securities — 2,414,682 — 2,414,682 2,380,085 Loans, net — 98,019 14,558,423 14,656,442 14,623,474 Loans held for sale — 19,764 — 19,764 19,764 Derivative financial instruments — 31,399 — 31,399 31,399 Financial liabilities: Deposits $ — $ — $ 17,423,721 $ 17,423,721 $ 17,439,948 Federal funds purchased 10,200 — — 10,200 10,200 Securities sold under agreements to repurchase 438,982 — — 438,982 438,982 FHLB borrowings 600,000 — — 600,000 600,000 Long-term debt — 504,475 — 504,475 497,177 Derivative financial instruments — 30,908 — 30,908 30,908 December 31, 2014 (in thousands) Level 1 Level 2 Level 3 Total Fair Value Carrying Amount Financial assets: Cash, interest-bearing bank deposits, 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 — — 515,000 515,000 Long-term debt — 346,379 — 346,379 374,371 Derivative financial instruments — 20,860 — 20,860 20,860 |
Derivatives
Derivatives | 9 Months Ended |
Sep. 30, 2015 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Derivatives | 7. 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 its 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 September 30, 2015 and December 31, 2014. Fair Values (1) Notional Amounts Assets Liabilities (in thousands) Type of September 30, December 31, September 30, December 31, September 30, December 31, Derivatives designated as hedging instruments: Interest rate swaps Cash Flow $ 500,000 $ 300,000 $ 1,419 $ — $ — $ 592 $ 500,000 $ 300,000 $ 1,419 $ — $ — $ 592 Derivatives not designated as hedging instruments: Interest rate swaps (2) N/A $ 728,674 $ 747,754 $ 26,621 $ 17,806 $ 27,362 $ 18,419 Risk participation agreements N/A 87,184 80,438 107 125 206 208 Forward commitments to sell residential mortgage loans N/A 38,817 52,238 100 80 329 250 Interest rate-lock commitments on residential mortgage loans N/A 22,127 33,068 161 111 45 44 Foreign exchange forward contracts N/A 62,221 89,432 2,991 1,310 2,966 1,347 $ 939,023 $ 1,002,930 $ 29,980 $ 19,432 $ 30,908 $ 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 two interest rate swap agreements – one with a notional amount of $300 million and the second with a notional amount of $200 million. For both agreements, the Company receives interest at a fixed rate and pays at a variable rate. The derivative instruments represented by these swap agreements were designated as and qualify as cash flow hedges of the Company’s forecasted variable cash flows for a pool of variable rate loans. The $300 million swap agreement expires in January, 2017 and the $200 million swap agreement expires in June, 2017. During the terms of the swap agreements, the effective portion of changes in the fair value of the derivative instruments are 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 for the three-month and nine-month periods ended September 30, 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 and nine-month periods ended September 30, 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 September 30, 2015, the aggregate fair value of derivative instruments with credit risk-related contingent features that were in a net liability position was $12.8 million, for which the Bank had posted collateral of $28.9 million. Offsetting Assets and Liabilities Offsetting information in regards to derivative assets and liabilities subject to master netting agreements at September 30, 2015 and December 31, 2014 is presented in the following tables. Gross Gross Net Amounts the Statement Gross Amounts Not Offset in the (in thousands) Financial Cash Net As of September 30, 2015 Derivative Assets $ 26,728 $ — $ 26,728 $ 118 $ — $ 26,610 Total $ 26,728 $ — $ 26,728 $ 118 $ — $ 26,610 Derivative Liabilities $ 27,568 $ — $ 27,568 $ 118 $ 28,796 $ (1,346 ) Total $ 27,568 $ — $ 27,568 $ 118 $ 28,796 $ (1,346 ) Gross Gross Statement Net Amounts Gross Amounts Not Offset in the Description Financial Cash Net 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 | 9 Months Ended |
Sep. 30, 2015 | |
Equity [Abstract] | |
Stockholders' Equity | 8. Stockholders’ Equity Stock Repurchase Program On August 28, 2015, the Company’s board of directors approved a stock repurchase plan that authorizes the repurchase of up to 5%, or approximately 3.9 million shares of its outstanding common stock. The approved plan allows the Company to repurchase its common shares either in the open market in compliance with Rule 10b-18 promulgated under the Securities Exchange Act of 1934, as amended, or in privately negotiated transactions with non-affiliated sellers or as otherwise determined by the Company from time to time until September 30, 2016. Under this plan, the Company has repurchased 568,279 shares of its common stock at an average price of $27.39 per share during the nine months ended September 30, 2015. In March 2015, the Company completed the prior stock repurchase program that had been approved by the Company’s board of directors on July 16, 2014 which authorized the repurchase of up to 5%, or approximately 4.1 million shares, of its outstanding common stock. Under this plan, the Company repurchased a total of 4.1 million shares of its common stock at an average price of $30.02 per share. 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 Securities Employee Loss on Total Balance, December 31, 2013 $ 8,263 $ (21,189 ) $ (22,453 ) $ — $ (35,379 ) Other comprehensive income before income taxes: Net change in unrealized gain 9,119 — — — 9,119 Reclassification of net losses realized and included in earnings — — 293 — 293 Valuation adjustment for employee benefit plans — — 1,902 — 1,902 Amortization of unrealized net loss on securities transferred to HTM — 2,463 — — 2,463 Income tax expense 3,309 879 903 — 5,091 Balance, September 30, 2014 $ 14,073 $ (19,605 ) $ (21,161 ) $ — $ (26,693 ) Balance, December 31, 2014 $ 18,001 $ (19,074 ) $ (48,626 ) $ (375 ) $ (50,074 ) Other comprehensive income before income taxes: Net change in unrealized gain 163 — — 2,011 2,174 Reclassification of net (gain) losses realized and included in earnings (165 ) — 2,373 — 2,208 Valuation adjustment for employee benefit plans — — (959 ) (959 ) Amortization of unrealized net loss on securities transferred to HTM — 2,609 — — 2,609 Income tax (benefit) expense (73 ) 953 513 732 2,125 Balance, September 30, 2015 $ 18,072 $ (17,418 ) $ (47,725 ) $ 904 $ (46,167 ) The following table shows the line items in the consolidated income statements affected by amounts reclassified from accumulated other comprehensive income. Nine Months Ended September 30, Affected line item on the income statement Amount reclassified from AOCI (a) (in thousands) 2015 2014 Gain on sale of AFS securities $ 165 $ — Securities gains (losses) Tax effect (58 ) — Income taxes Net of tax 107 — Net income Amortization of unrealized net loss on securities transferred to HTM $ (2,609 ) $ (2,463 ) Interest income Tax effect 953 879 Income taxes Net of tax (1,656 ) (1,584 ) Net income Amortization of defined benefit pension and post-retirement items (2,373 ) (293 ) Employee benefits expense (b) Tax effect 831 103 Income taxes Net of tax (1,542 ) (190 ) Net income Total reclassifications, net of tax $ (3,091 ) $ (1,774 ) Net income (a) Amounts in parenthesis indicate reduction in net income. (b) These accumulated other comprehensive income components are included in the computation of net periodic pension and post-retirement cost that is reported with employee benefits expense (see Note 11 for additional details). |
Earnings Per Share
Earnings Per Share | 9 Months Ended |
Sep. 30, 2015 | |
Earnings Per Share [Abstract] | |
Earnings Per Share | 9. 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 Nine Months Ended (in thousands, except per share data) 2015 2014 2015 2014 Numerator: Net income to common shareholders $ 41,166 $ 46,553 $ 116,154 $ 135,630 Net income allocated to participating securities – basic and diluted 840 883 2,541 2,783 Net income allocated to common shareholders – basic and diluted $ 40,326 $ 45,670 $ 113,613 $ 132,847 Denominator: Weighted-average common shares – basic 77,928 81,721 78,452 81,965 Dilutive potential common shares 147 221 157 239 Weighted-average common shares – diluted 78,075 81,942 78,609 82,204 Earnings per common share: Basic $ 0.52 $ 0.56 $ 1.45 $ 1.62 Diluted $ 0.52 $ 0.56 $ 1.45 $ 1.62 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 761,113 and 815,765, respectively, for the three and nine months ended September 30, 2015 and 569,404 and 639,486, respectively, for the three and nine months ended September 30, 2014. |
Share-Based Payment Arrangement
Share-Based Payment Arrangements | 9 Months Ended |
Sep. 30, 2015 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |
Share-Based Payment Arrangements | 10. 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 nine months ended September 30, 2015 is presented below. Options Number of Weighted Weighted Aggregate Outstanding at January 1, 2015 933,750 $ 37.03 Exercised (11,577 ) 29.94 Cancelled/Forfeited (56,987 ) 35.89 Expired (111,424 ) 34.79 Outstanding at September 30, 2015 753,762 $ 37.55 3.9 $ — Exercisable at September 30, 2015 635,712 $ 38.90 3.5 $ — The total intrinsic value of options exercised was $0.2 million for both the nine months ended September 30, 2015 and 2014. The restricted and performance shares in the table below are subject to service requirements. A summary of the status of the Company’s nonvested restricted and performance shares as of September 30, 2015 and changes during the nine months ended September 30, 2015, is presented in the following table. Number of Weighted Nonvested at January 1, 2015 2,040,299 $ 32.27 Granted 106,833 27.40 Vested (239,761 ) 31.93 Forfeited (143,884 ) 32.64 Nonvested at September 30, 2015 1,763,487 $ 31.99 As of September 30, 2015, there were $32.2 million of total unrecognized compensation expense related to nonvested restricted and performance shares expected to vest. This compensation is expected to be recognized in expense over a weighted average period of 3.1 years. The total fair value of shares which vested during the nine months ended September 30, 2015 and 2014 was $7.6 million and $10.0 million, respectively. During the nine months ended September 30, 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 is recognized on a straight-line basis over the service period. |
Retirement Plans
Retirement Plans | 9 Months Ended |
Sep. 30, 2015 | |
Compensation and Retirement Disclosure [Abstract] | |
Retirement Plans | 11. Retirement Plans The Company has a qualified defined benefit pension plan covering all eligible employees. Eligibility is based on minimum age-related and service-related requirements as well as job classification. Accrued benefits under a nonqualified plan covering certain legacy Whitney employees were frozen as of December 31, 2012 and no future benefits will be accrued under this plan. The Company also sponsors defined benefit postretirement plans for both legacy Hancock and legacy Whitney employees that provide health care and life insurance benefits. Benefits under the Hancock plan are not available to employees hired on or after January 1, 2000. Benefits under the Whitney plan are restricted to retirees who were already receiving benefits at the time of plan amendments in 2007 or active participants who were eligible to receive benefits as of December 31, 2007. The following tables show the components of net periodic benefits cost included in expense for the plans for the periods indicated. (in thousands) Pension benefits Other Post- 2015 2014 2015 2014 Three Months Ended September 30, Service cost $ 3,383 $ 3,230 $ 23 $ 31 Interest cost 4,672 4,812 174 285 Expected return on plan assets (8,207 ) (8,056 ) — — Amortization of net loss 842 7 (40 ) 91 Net periodic benefit cost $ 690 $ (7 ) $ 157 $ 407 Nine Months Ended September 30, Service cost $ 10,128 $ 9,690 $ 95 $ 94 Interest cost 13,963 14,438 717 855 Expected return on plan assets (24,626 ) (24,167 ) — — Amortization of net loss 2,328 20 45 273 Net periodic benefit cost $ 1,793 $ (19 ) $ 857 $ 1,222 Hancock contributed $10 million to the pension plan during the first quarter of 2015. While no further contribution is required in 2015 to meet minimum funding requirements, the Company may consider making an additional contribution during the fourth quarter based on the performance of plan assets and the updated estimated plan liability. 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 | 9 Months Ended |
Sep. 30, 2015 | |
Equity [Abstract] | |
Other Noninterest Income | 12. Other Noninterest Income Components of other noninterest income are as follows. Three Months Ended Nine Months Ended (in thousands) 2015 2014 2015 2014 Income from bank-owned life insurance $ 2,451 $ 2,377 $ 7,788 $ 7,048 Credit related fees 2,718 2,822 7,786 8,388 Income from derivatives 74 191 1,486 1,431 Net gain (loss) on sale of assets 418 (56 ) 363 1,409 Safety deposit box income 441 448 1,356 1,404 Other miscellaneous 2,268 1,950 7,360 7,091 Total other noninterest income $ 8,370 $ 7,732 $ 26,139 $ 26,771 |
Other Noninterest Expense
Other Noninterest Expense | 9 Months Ended |
Sep. 30, 2015 | |
Text Block [Abstract] | |
Other Noninterest Expense | 13. Other Noninterest Expense Components of other noninterest expense are as follows. Three Months Ended Nine Months Ended (in thousands) 2015 2014 2015 2014 Advertising $ 2,856 $ 2,457 $ 7,154 $ 6,395 Ad valorem and franchise taxes 2,868 3,098 8,319 8,397 Printing and supplies 1,193 1,189 3,568 3,467 Insurance expense 794 944 2,644 3,002 Travel expense 1,419 1,009 3,946 2,966 Entertainment and contributions 1,634 1,396 5,009 4,337 Tax credit investment amortization 2,161 2,220 6,352 6,590 Other miscellaneous 3,634 6,821 16,679 25,105 Total other noninterest expense $ 16,559 $ 19,134 $ 53,671 $ 60,259 There were no nonoperating expenses included in other miscellaneous expense in the table above in the third quarter of 2015 compared to $1.1 million in the third quarter of 2014. For the first nine months of 2015 and 2014, other miscellaneous expense included nonoperating expenses totaling $2.7 million and $8.4 million, respectively. In 2015, these nonoperating expenses primarily include the net impact from branch sales and closings and the resolution of FDIC denied claims. Other nonoperating expenses in 2014 included expenses related to the FDIC settlement, sale of certain insurance business lines, branch closures and fees related to the early termination of reverse purchase obligations. |
New Accounting Pronouncements
New Accounting Pronouncements | 9 Months Ended |
Sep. 30, 2015 | |
Accounting Changes and Error Corrections [Abstract] | |
New Accounting Pronouncements | 14. New Accounting Pronouncements In September 2015, the FASB issued an Accounting Standards Update (“ASU”) that eliminates the requirement to restate prior period financial statements for measurement period adjustments. The new guidance requires that the cumulative impact of a measurement period adjustment (including the impact on prior periods) be recognized in the reporting period in which the adjustment is identified. The new standard should be applied prospectively to measurement period adjustments that occur after the effective date. The amendments in this update are effective for public business entities for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. The adoption of this guidance is not expected to have a material impact on the Company’s financial condition or results of operations. In May 2015, the FASB issued an ASU to remove the requirement to categorize within the fair value hierarchy all investments for which fair value is measured using the net asset value per share practical expedient and remove the requirement to make certain disclosures for all investments that are eligible to be measured at fair value using the net asset value per share practical expedient. The amendments in this update are effective for public business entities for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. The adoption of this guidance is not expected to have a material impact on the Company’s financial condition or results of operations. In April 2015, the FASB issued an ASU to provide guidance to customers about how to account for a cloud computing arrangement depending on whether or not it includes a software license. If a cloud computing arrangement includes a software license, then the customer should account for the software license element of the arrangement consistent with the acquisition of other software licenses. If a cloud computing arrangement does not include a software license, the customer should account for the arrangement as a service contract. The guidance will not change GAAP for a customer’s accounting for service contracts. For public business entities, the amendments will be effective for annual periods, including interim periods within those annual periods, beginning after December 15, 2015. Early adoption is permitted for all entities. The adoption of this guidance is not expected to have a material impact on the Company’s financial condition or results of operations. In April 2015, the FASB issued an 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 guidance in this ASU does not address presentation or subsequent measurement of debt issuance costs related to line-of-credit arrangements. Therefore, the FASB issued an ASU in August 2015 to clarify the SEC staff position that they would not object to an entity deferring and presenting debt issuance costs as an asset and subsequently amortizing the deferred debt issuance costs ratably over the term of the line-of-credit arrangement, regardless of whether there are any outstanding borrowings on the line-of-credit arrangement. 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 February 2015, the FASB issued an ASU to change the analysis that a reporting entity must perform to determine whether it should consolidate certain types of legal entities. The amendments in this ASU (1) modify the evaluation of whether limited partnerships and similar legal entities are variable interest entities (VIEs) or voting interest entities; (2) eliminate the presumption that a general partner should consolidate a limited partnership; (3) affect the consolidation analysis of reporting entities that are involved with VIEs, particularly those that have fee arrangements and related party relationships; and (4) provide a scope exception from consolidation guidance for reporting entities with interests in legal entities that are required to comply with or operate in accordance with requirements that are similar to those in Rule 2a-7 of the Investment Company Act of 1940 for registered money market funds. The amendments in this update are effective for public business entities for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2015. Early adoption is permitted, including adoption in an interim period. 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 2015 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. 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 Company adopted this guidance in January 2015 and it 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 Company adopted the accounting guidance in January 2015 and it did not have a material impact on the Company’s financial condition or results of operations. The new disclosure requirements are included in Note 4 – Securities Sold under Agreements to Repurchase. 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 annual reporting periods beginning after December 15, 2017. The Company is currently assessing this pronouncement and adoption of this guidance is not expected to have a material impact on the Company’s financial condition or results of operations. 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 Company adopted this guidance in January 2015 and it did not have a material impact on the Company’s financial condition or results of operations. The new disclosure requirements are included at the end of Note 3 – Loans and Allowance for Loan Losses. 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 Company adopted this guidance in January 2015 and it did not have a material impact on the Company’s financial condition or results of operations. |
Basis of Presentation (Policies
Basis of Presentation (Policies) | 9 Months Ended |
Sep. 30, 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) | 9 Months Ended |
Sep. 30, 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) September 30, 2015 December 31, 2014 Amortized Gross Gross Fair Value Amortized Gross Gross Fair Value US Treasury and government agency securities $ 144 $ — $ 1 $ 143 $ 300,207 $ 372 $ 71 $ 300,508 Municipal obligations 15,712 240 — 15,952 13,995 186 5 14,176 Mortgage-backed securities 1,814,818 30,021 3,470 1,841,369 1,217,293 31,094 2,823 1,245,564 Collateralized mortgage obligations 303,816 1,964 633 305,147 88,093 — 1,229 86,864 Corporate debt securities 3,500 — — 3,500 3,500 — — 3,500 Equity securities 2,446 313 33 2,726 8,673 891 11 9,553 $ 2,140,436 $ 32,538 $ 4,137 $ 2,168,837 $ 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) September 30, 2015 December 31, 2014 Amortized Gross Gross Fair Value Amortized Gross Gross Fair Value US Treasury and government agency securities $ 50,000 $ 343 $ — 50,343 $ — $ — $ — $ — Municipal obligations 187,541 3,777 575 190,743 180,615 3,416 1,144 182,887 Mortgage-backed securities 992,984 27,677 — 1,020,661 899,923 23,897 162 923,658 Collateralized mortgage obligations 1,149,560 8,655 5,280 1,152,935 1,085,751 5,590 11,546 1,079,795 $ 2,380,085 $ 40,452 $ 5,855 $ 2,414,682 $ 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. Available for Sale September 30, 2015 Losses < 12 months Losses 12 months or > Total (in thousands) Fair Value Gross Fair Value Gross Fair Value Gross US Treasury and government agency securities $ — $ — $ 88 $ 1 $ 88 $ 1 Mortgage-backed securities 482,530 1,884 115,334 1,586 597,864 3,470 Collateralized mortgage obligations 48,576 11 34,958 622 83,534 633 Equity securities 1,510 31 2 2 1,512 33 $ 532,616 $ 1,926 $ 150,382 $ 2,211 $ 682,998 $ 4,137 Available for Sale December 31, 2014 Losses < 12 months Losses 12 months or > Total (in thousands) Fair Value Gross Fair Value Gross Fair Value Gross 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 Collateralized mortgage obligations — — 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 September 30, 2015 Losses < 12 months Losses 12 months or > Total (in thousands) Fair Gross Fair Value Gross Fair Value Gross Municipal obligations $ 21,844 $ 65 $ 49,025 $ 510 $ 70,869 $ 575 Collateralized mortgage obligations 47,775 314 375,397 4,966 423,172 5,280 $ 69,619 $ 379 $ 424,422 $ 5,476 $ 494,041 $ 5,855 Held to maturity December 31, 2014 Losses < 12 months Losses 12 months or > Total (in thousands) Fair Value Gross Fair Value Gross Fair Value Gross Municipal obligations $ 4,316 $ 12 $ 58,105 $ 1,132 $ 62,421 $ 1,144 Mortgage-backed securities — — 95,522 162 95,522 162 Collateralized mortgage obligations 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 September 30, 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 collateralized mortgage obligations. (in thousands) Amortized Fair Value Debt Securities Available for Sale Due in one year or less $ 43,655 $ 43,069 Due after one year through five years 78,375 79,710 Due after five years through ten years 280,603 289,987 Due after ten years 1,735,357 1,753,345 Total available for sale debt securities $ 2,137,990 $ 2,166,111 |
Held-to-maturity Securities [Member] | |
Amortized Cost and Fair Value of Available for Sale Securities by Final Contractual Maturity | Amortized Fair Value Debt Securities Held to Maturity Due in one year or less $ 248,854 $ 250,028 Due after one year through five years 420,607 420,768 Due after five years through ten years 107,040 107,116 Due after ten years 1,603,584 1,636,770 Total held to maturity securities $ 2,380,085 $ 2,414,682 |
Loans and Allowance for Loan 25
Loans and Allowance for Loan Losses (Tables) | 9 Months Ended |
Sep. 30, 2015 | |
Loans, Net of Unearned Income | Loans, net of unearned income, consisted of the following. (in thousands) September 30, December 31, Originated loans: Commercial non-real estate $ 6,232,310 $ 5,917,728 Construction and land development 1,068,895 1,073,964 Commercial real estate 2,956,354 2,428,195 Residential mortgages 1,843,756 1,704,770 Consumer 1,976,872 1,685,542 Total originated loans $ 14,078,187 $ 12,810,199 Acquired loans: Commercial non-real estate $ 107,985 $ 120,137 Construction and land development 8,297 21,123 Commercial real estate 352,896 688,045 Residential mortgages 819 2,378 Consumer 22 985 Total acquired loans $ 470,019 $ 832,668 FDIC acquired loans: Commercial non-real estate $ 5,699 $ 6,195 Construction and land development 8,393 11,674 Commercial real estate 18,136 27,808 Residential mortgages 169,214 187,033 Consumer 13,402 19,699 Total FDIC acquired loans $ 214,844 $ 252,409 Total loans: Commercial non-real estate $ 6,345,994 $ 6,044,060 Construction and land development 1,085,585 1,106,761 Commercial real estate 3,327,386 3,144,048 Residential mortgages 2,013,789 1,894,181 Consumer 1,990,296 1,706,226 Total loans $ 14,763,050 $ 13,895,276 |
Schedule of Activity in Loss Share Receivable | The following schedule shows activity in the loss share receivable for the nine months ended September 30, 2015 and 2014. Nine Months Ended (in thousands) September 30, September 30, Balance, January 1 $ 60,272 $ 113,834 Amortization (4,034 ) (9,989 ) Charge-offs, write-downs and other recoveries (6,733 ) (793 ) External expenses qualifying under loss share agreement 1,035 3,325 Changes due to changes in cash flow projections (1,984 ) (14,569 ) FDIC resolution of denied claims (1,854 ) (10,268 ) Net payments (from) to FDIC (14,667 ) 366 Ending balance $ 32,035 $ 81,906 |
Allowance for Loan Losses by Portfolio Segment and Related Recorded Investment in Loans | The following schedule shows activity in the allowance for loan losses by portfolio segment for the nine months ended September 30, 2015 and 2014 as well as the corresponding recorded investment in loans at the end of each period. (in thousands) Commercial non-real estate Construction Commercial Residential Consumer Total Nine Months Ended September 30, 2015 Originated loans Allowance for loan losses: Beginning balance $ 50,258 $ 5,413 $ 16,544 $ 8,051 $ 17,435 $ 97,701 Charge-offs (3,068 ) (1,483 ) (1,128 ) (1,451 ) (10,431 ) (17,561 ) Recoveries 2,589 2,006 635 578 3,418 9,226 Net provision for loan losses 13,594 (289 ) 825 283 10,119 24,532 Ending balance $ 63,373 $ 5,647 $ 16,876 $ 7,461 $ 20,541 $ 113,898 Ending balance: Individually evaluated for impairment $ 5,588 $ 21 $ 2,737 $ 96 $ 3 $ 8,445 Collectively evaluated for impairment 57,785 5,626 14,139 7,365 20,538 105,453 Loans: Ending balance: $ 6,232,310 $ 1,068,895 $ 2,956,354 $ 1,843,756 $ 1,976,872 $ 14,078,187 Individually evaluated for impairment 75,345 2,053 31,478 903 157 109,936 Collectively evaluated for impairment 6,156,965 1,066,842 2,924,876 1,842,853 1,976,715 13,968,251 Acquired loans Allowance for loan losses: Beginning balance $ — $ — $ 477 $ — $ — $ 477 Charge-offs — — — — — — Recoveries — — — — — — Net provision for loan losses — — (304 ) — — (304 ) Ending balance $ — $ — $ 173 $ — $ — $ 173 Ending balance: Individually evaluated for impairment $ — $ — $ 173 $ — $ — $ 173 Amounts related to acquired-impaired loans — — — — — — Collectively evaluated for impairment — — — — — — Loans: Ending balance: $ 107,985 $ 8,297 $ 352,896 $ 819 $ 22 $ 470,019 Individually evaluated for impairment — — 2,507 — — 2,507 Acquired-impaired loans 7,459 7,943 18,818 819 22 35,061 Collectively evaluated for impairment 100,526 354 331,571 — — 432,451 (in thousands) Commercial non-real estate Construction Commercial Residential Consumer Total Nine Months Ended September 30, 2015 FDIC acquired loans Allowance for loan losses: Beginning balance $ 911 $ 1,008 $ 4,061 $ 20,609 $ 3,995 $ 30,584 Charge-offs (1,425 ) (406 ) (2,732 ) (748 ) (140 ) (5,451 ) Recoveries 1,699 896 957 5 185 3,742 Net provision for loan losses (950 ) 235 (620 ) 1,181 (1,232 ) (1,386 ) Increase (decrease) in FDIC loss share receivable 314 (6 ) 523 (2,718 ) (97 ) (1,984 ) Ending balance $ 549 $ 1,727 $ 2,189 $ 18,329 $ 2,711 $ 25,505 Ending balance: Individually evaluated for impairment $ — $ — $ — $ — $ — $ — Amounts related to acquired-impaired loans 549 1,727 2,189 18,329 2,711 25,505 Collectively evaluated for impairment — — — — — — Loans: Ending balance: $ 5,699 $ 8,393 $ 18,136 $ 169,214 $ 13,402 $ 214,844 Individually evaluated for impairment — — — — — — Acquired-impaired loans 5,699 8,393 18,136 169,214 13,402 214,844 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 (4,493 ) (1,889 ) (3,860 ) (2,199 ) (10,571 ) (23,012 ) Recoveries 4,288 2,902 1,592 583 3,603 12,968 Net provision for loan losses 12,644 (54 ) (99 ) 1,464 8,887 22,842 Increase (decrease) in FDIC loss share receivable 314 (6 ) 523 (2,718 ) (97 ) (1,984 ) Ending balance $ 63,922 $ 7,374 $ 19,238 $ 25,790 $ 23,252 $ 139,576 Ending balance: Individually evaluated for impairment $ 5,588 $ 21 $ 2,910 $ 96 $ 3 $ 8,618 Amounts related to acquired-impaired loans 549 1,727 2,189 18,329 2,711 25,505 Collectively evaluated for impairment 57,785 5,626 14,139 7,365 20,538 105,453 Loans: Ending balance: $ 6,345,994 $ 1,085,585 $ 3,327,386 $ 2,013,789 $ 1,990,296 $ 14,763,050 Individually evaluated for impairment 75,345 2,053 33,985 903 157 112,443 Acquired-impaired loans 13,158 16,336 36,954 170,033 13,424 249,905 Collectively evaluated for impairment 6,257,491 1,067,196 3,256,447 1,842,853 1,976,715 14,400,702 Commercial non-real estate Construction Commercial Residential Consumer Total (In thousands) Nine Months Ended September 30, 2014 Originated loans Allowance for loan losses: Beginning balance $ 33,091 $ 6,180 $ 20,649 $ 6,892 $ 12,073 $ 78,885 Charge-offs (4,690 ) (2,615 ) (2,255 ) (1,793 ) (11,920 ) (23,273 ) Recoveries 2,118 1,220 1,231 501 3,722 8,792 Net provision for loan losses 3,929 2,151 (3,231 ) 3,647 10,921 17,417 Ending balance $ 34,448 $ 6,936 $ 16,394 $ 9,247 $ 14,796 $ 81,821 Ending balance: Individually evaluated for impairment $ 24 $ 250 $ 98 $ 382 $ — $ 754 Collectively evaluated for impairment 34,424 6,686 16,296 8,865 14,796 81,067 Loans: Ending balance: $ 4,806,740 $ 974,442 $ 2,245,855 $ 1,635,462 $ 1,623,069 $ 11,285,568 Individually evaluated for impairment 5,582 6,617 14,486 2,712 — 29,397 Collectively evaluated for impairment 4,801,158 967,825 2,231,369 1,632,750 1,623,069 11,256,171 Acquired loans Allowance for loan losses: Beginning balance $ 1,603 $ 10 $ 34 $ — $ — $ 1,647 Charge-offs — — — — — — Recoveries — — — — — — Net provision for loan losses 5,800 1,436 57 (4 ) 182 7,471 Ending balance $ 7,403 $ 1,446 $ 91 $ (4 ) $ 182 $ 9,118 Ending balance: Individually evaluated for impairment $ 92 $ 426 $ 46 $ — $ — $ 564 Amounts related to acquired-impaired loans — — — — — — Collectively evaluated for impairment 7,311 1,020 45 (4 ) 182 8,554 Loans: Ending balance: $ 769,226 $ 110,294 $ 813,429 $ 37,739 $ 51,488 $ 1,782,176 Individually evaluated for impairment 931 2,284 458 28 — 3,701 Acquired-impaired loans 4,064 19,200 27,392 5,038 143 55,837 Collectively evaluated for impairment 764,231 88,810 785,579 32,673 51,345 1,722,638 Commercial non-real estate Construction Commercial Residential Consumer Total (In thousands) Nine Months Ended September 30, 2014 FDIC acquired loans Allowance for loan losses: Beginning balance $ 2,323 $ 2,655 $ 10,929 $ 27,989 $ 9,198 $ 53,094 Charge-offs (176 ) (350 ) (4,480 ) (677 ) (1,192 ) (6,875 ) Recoveries 467 1,504 1,408 1 370 3,750 Net provision for loan losses (79 ) (138 ) (125 ) (257 ) (167 ) (766 ) (Decrease) increase in FDIC loss share receivable (1,507 ) (2,404 ) (2,418 ) (4,873 ) (3,368 ) (14,570 ) Ending balance $ 1,028 $ 1,267 $ 5,314 $ 22,183 $ 4,841 $ 34,633 Ending balance: Individually evaluated for impairment $ — $ — $ — $ — $ — $ — Amounts related to acquired-impaired loans 1,028 1,267 5,314 22,183 4,841 34,633 Collectively evaluated for impairment — — — — — — Loans: Ending balance: $ 11,171 $ 11,166 $ 41,550 $ 185,289 $ 31,654 $ 280,830 Individually evaluated for impairment — — — — — — Acquired-impaired loans 11,171 11,166 41,550 185,289 31,654 280,830 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 (4,866 ) (2,965 ) (6,735 ) (2,470 ) (13,112 ) (30,148 ) Recoveries 2,585 2,724 2,639 502 4,092 12,542 Net provision for loan losses 9,650 3,449 (3,299 ) 3,386 10,936 24,122 (Decrease) increase in FDIC loss share receivable (1,507 ) (2,404 ) (2,418 ) (4,873 ) (3,368 ) (14,570 ) Ending balance $ 42,879 $ 9,649 $ 21,799 $ 31,426 $ 19,819 $ 125,572 Ending balance: Individually evaluated for impairment $ 116 $ 676 $ 144 $ 382 $ — $ 1,318 Amounts related to acquired-impaired loans 1,028 1,267 5,314 22,183 4,841 34,633 Collectively evaluated for impairment 41,735 7,706 16,341 8,861 14,978 89,621 Loans: Ending balance: $ 5,587,137 $ 1,095,902 $ 3,100,834 $ 1,858,490 $ 1,706,211 $ 13,348,574 Individually evaluated for impairment 6,513 8,901 14,944 2,740 — 33,098 Acquired-impaired loans 15,235 30,366 68,942 190,327 31,797 336,667 Collectively evaluated for impairment 5,565,389 1,056,635 3,016,948 1,665,423 1,674,414 12,978,809 |
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. September 30, December 31, (in thousands) 2015 2014 Originated loans: Commercial non-real estate $ 93,448 $ 15,511 Construction and land development 5,527 6,462 Commercial real estate 36,367 22,047 Residential mortgages 21,750 21,702 Consumer 6,838 5,574 Total originated loans $ 163,930 $ 71,296 Acquired loans: Commercial non-real estate $ — $ — Construction and land development — — Commercial real estate 3,015 6,139 Residential mortgages — — Consumer — — Total acquired loans $ 3,015 $ 6,139 FDIC acquired loans: Commercial non-real estate $ — $ — Construction and land development — 1,103 Commercial real estate — 433 Residential mortgages — 392 Consumer — 174 Total FDIC acquired loans $ — $ 2,102 Total loans: Commercial non-real estate $ 93,448 $ 15,511 Construction and land development 5,527 7,565 Commercial real estate 39,382 28,619 Residential mortgages 21,750 22,094 Consumer 6,838 5,748 Total loans $ 166,945 $ 79,537 |
Schedule of Troubled Debt Restructurings Occurred During Period by Portfolio Segment | The table below details TDRs that were modified during the nine months ended September 30, 2015 and September 30, 2014 by portfolio segment. Nine Months Ended (in thousands) September 30, 2015 September 30, 2014 Troubled Debt Restructurings: Number of Pre-Modification Post-Modification Number of Pre-Modification Post-Modification Originated loans: Commercial non-real estate — $ — $ — — $ — $ — Construction and land development — — — — — — Commercial real estate 1 482 482 2 2,430 2,385 Residential mortgages 4 185 185 4 1,495 848 Consumer 1 20 20 — — — Total originated loans 6 $ 687 $ 687 6 $ 3,925 $ 3,233 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 1 482 482 2 2,430 2,385 Residential mortgages 4 185 185 4 1,495 848 Consumer 1 20 20 — — — Total loans 6 $ 687 $ 687 6 $ 3,925 $ 3,233 |
Summary of Impaired Loans Disaggregated by Class | The tables below present loans that are individually evaluated for impairment disaggregated by class at September 30, 2015 and December 31, 2014. Loans individually evaluated for impairment include TDRs and loans that are determined to be impaired and have aggregate relationship balances of $1 million or more. September 30, 2015 Recorded Investment Unpaid Balance Related Allowance Average Investment Interest Recognized (in thousands) Originated loans: With no related allowance recorded: Commercial non-real estate $ 32,963 $ 33,468 $ — $ 14,887 $ — Construction and land development 1,391 1,391 — 1,319 — Commercial real estate 12,945 14,952 — 11,018 26 Residential mortgages — — — 259 2 Consumer 95 95 — 74 — 47,394 49,906 — 27,557 28 With an allowance recorded: Commercial non-real estate 42,382 43,146 5,588 16,683 6 Construction and land development 662 2,224 21 3,443 66 Commercial real estate 18,533 18,536 2,737 12,143 70 Residential mortgages 903 1,413 96 1,578 18 Consumer 62 62 3 27 3 62,542 65,381 8,445 33,874 163 Total: Commercial non-real estate 75,345 76,614 5,588 31,570 6 Construction and land development 2,053 3,615 21 4,762 66 Commercial real estate 31,478 33,488 2,737 23,161 96 Residential mortgages 903 1,413 96 1,837 20 Consumer 157 157 3 101 3 Total originated loans $ 109,936 $ 115,287 $ 8,445 $ 61,431 $ 191 Acquired loans: With an allowance recorded: Commercial non-real estate $ — $ — $ — $ — $ — Construction and land development — — — — — Commercial real estate 2,507 2,522 173 2,580 — Residential mortgages — — — — — Consumer — — — — — 2,507 2,522 173 2,580 — Total: Commercial non-real estate — — — — — Construction and land development — — — — — Commercial real estate 2,507 2,522 173 2,580 — Residential mortgages — — — — — Consumer — — — — — Total acquired loans $ 2,507 $ 2,522 $ 173 $ 2,580 $ — September 30, 2015 Recorded Investment Unpaid Balance Related Allowance Average Investment Interest Recognized (in thousands) Total loans: With no related allowance recorded: Commercial non-real estate $ 32,963 $ 33,468 $ — $ 14,887 $ — Construction and land development 1,391 1,391 — 1,319 — Commercial real estate 12,945 14,952 — 11,018 26 Residential mortgages — — — 259 2 Consumer 95 95 — 74 — 47,394 49,906 — 27,557 28 With an allowance recorded: Commercial non-real estate 42,382 43,146 5,588 16,683 6 Construction and land development 662 2,224 21 3,443 66 Commercial real estate 21,040 21,058 2,910 14,723 70 Residential mortgages 903 1,413 96 1,578 18 Consumer 62 62 3 27 3 65,049 67,903 8,618 36,454 163 Total: Commercial non-real estate 75,345 76,614 5,588 31,570 6 Construction and land development 2,053 3,615 21 4,762 66 Commercial real estate 33,985 36,010 2,910 25,741 96 Residential mortgages 903 1,413 96 1,837 20 Consumer 157 157 3 101 3 Total loans $ 112,443 $ 117,809 $ 8,618 $ 64,011 $ 191 December 31, 2014 (in thousands) Recorded Unpaid Related Average Interest 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 (in thousands) Recorded Unpaid Related Average Interest 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 tables below present the age analysis of past due loans at September 30, 2015 and December 31, 2014. September 30, 2015 30-59 days 60-89 days Greater than past due Total past due Current Total Loans Recorded (in thousands) Originated loans: Commercial non-real estate $ 19,298 $ 3,271 $ 6,805 $ 29,374 $ 6,202,936 $ 6,232,310 $ 878 Construction and land development 2,489 602 4,471 7,562 1,061,333 1,068,895 1,700 Commercial real estate 5,823 3,572 16,289 25,684 2,930,670 2,956,354 1,773 Residential mortgages 25,525 4,619 9,669 39,813 1,803,943 1,843,756 46 Consumer 13,037 5,490 5,271 23,798 1,953,074 1,976,872 1,350 Total $ 66,172 $ 17,554 $ 42,505 $ 126,231 $ 13,951,956 $ 14,078,187 $ 5,747 Acquired loans: Commercial non-real estate $ — $ — $ — $ — $ 107,985 $ 107,985 $ — Construction and land development — — — — 8,297 8,297 — Commercial real estate 744 428 445 1,617 351,279 352,896 129 Residential mortgages — — — — 819 819 — Consumer — — — — 22 22 — Total $ 744 $ 428 $ 445 $ 1,617 $ 468,402 $ 470,019 $ 129 FDIC acquired loans: Commercial non-real estate $ — $ — $ — $ — $ 5,699 $ 5,699 $ — Construction and land development — — — — 8,393 8,393 — Commercial real estate — — — — 18,136 18,136 — Residential mortgages — — — — 169,214 169,214 — Consumer — — — — 13,402 13,402 — Total $ — $ — $ — $ — $ 214,844 $ 214,844 $ — Total loans: Commercial non-real estate $ 19,298 $ 3,271 $ 6,805 $ 29,374 $ 6,316,620 $ 6,345,994 $ 878 Construction and land development 2,489 602 4,471 7,562 1,078,023 1,085,585 1,700 Commercial real estate 6,567 4,000 16,734 27,301 3,300,085 3,327,386 1,902 Residential mortgages 25,525 4,619 9,669 39,813 1,973,976 2,013,789 46 Consumer 13,037 5,490 5,271 23,798 1,966,498 1,990,296 1,350 Total $ 66,916 $ 17,982 $ 42,950 $ 127,848 $ 14,635,202 $ 14,763,050 $ 5,876 December 31, 2014 30-59 days 60-89 days Greater than Total past due Current Total Loans Recorded (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 nine months ended September 30, 2015 and the year ended December 31, 2014. (in thousands) September 30, 2015 December 31, 2014 FDIC acquired Acquired FDIC acquired Acquired Carrying Accretable Carrying Accretable Carrying Accretable Carrying Accretable Balance at beginning of period $ 252,409 $ 112,788 $ 61,276 $ 74,668 $ 358,666 $ 122,715 $ 68,075 $ 131,370 Payments received, net (47,732 ) (395 ) (38,243 ) (14,256 ) (125,388 ) (1,071 ) (50,178 ) (32,855 ) Accretion 10,167 (10,167 ) 12,028 (12,028 ) 19,131 (19,131 ) 43,379 (43,379 ) Decrease in expected cash flows based on actual cash flows and changes in cash flow assumptions — (1,385 ) — (627 ) — (1,137 ) — (203 ) Net transfers from nonaccretable difference to accretable yield — (2,485 ) — (466 ) — 11,412 — 19,735 Balance at end of period $ 214,844 $ 98,356 $ 35,061 $ 47,291 $ 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 September 30, 2015 and December 31, 2014. Commercial Non-Real Estate Credit Exposure Credit Risk Profile by Internally Assigned Grade (in thousands) September 30, 2015 December 31, 2014 Originated Acquired FDIC acquired Total Originated Acquired FDIC acquired Total Grade: Pass $ 5,531,569 $ 100,836 $ 2,201 $ 5,634,606 $ 5,577,827 $ 111,847 $ 2,027 $ 5,691,701 Pass-Watch 134,860 76 883 135,819 174,742 715 1,120 176,577 Special Mention 225,228 328 — 225,556 52,962 350 — 53,312 Substandard 340,618 6,745 2,615 349,978 112,153 7,225 3,017 122,395 Doubtful 35 — — 35 44 — 31 75 Total $ 6,232,310 $ 107,985 $ 5,699 $ 6,345,994 $ 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 by Internally Assigned Grade | Construction Credit Exposure Credit Risk Profile by Internally Assigned Grade (in thousands) September 30, 2015 December 31, 2014 Originated Acquired FDIC acquired Total Originated Acquired FDIC acquired Total Grade: Pass $ 1,020,611 $ 1,354 $ 2,238 $ 1,024,203 $ 1,012,128 $ 14,377 $ 2,468 $ 1,028,973 Pass-Watch 3,038 2,324 947 6,309 21,516 432 532 22,480 Special Mention 11,612 — 286 11,898 7,097 129 319 7,545 Substandard 33,634 4,619 4,922 43,175 33,223 6,185 8,355 47,763 Total $ 1,068,895 $ 8,297 $ 8,393 $ 1,085,585 $ 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) September 30, 2015 December 31, 2014 Originated Acquired FDIC acquired Total Originated Acquired FDIC acquired Total Grade: Pass $ 2,769,860 $ 328,821 $ 3,298 $ 3,101,979 $ 2,241,391 $ 641,966 $ 4,139 $ 2,887,496 Pass-Watch 41,344 5,247 2,585 49,176 61,589 11,142 4,547 77,278 Special Mention 42,674 5,373 1,433 49,480 21,543 8,113 1,319 30,975 Substandard 102,459 13,455 10,820 126,734 103,651 26,824 17,803 148,278 Doubtful 17 — — 17 21 — — 21 Total $ 2,956,354 $ 352,896 $ 18,136 $ 3,327,386 $ 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) September 30, 2015 December 31, 2014 Originated Acquired FDIC acquired Total Originated Acquired FDIC acquired Total Performing $ 1,821,959 $ 819 $ 169,214 $ 1,991,992 $ 1,681,868 $ 2,378 $ 186,641 $ 1,870,887 Nonperforming 21,797 — — 21,797 22,902 — 392 23,294 Total $ 1,843,756 $ 819 $ 169,214 $ 2,013,789 $ 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 | Residential Mortgage Credit Exposure Credit Risk Profile Based on Payment Activity and Accrual Status (in thousands) September 30, 2015 December 31, 2014 Originated Acquired FDIC acquired Total Originated Acquired FDIC acquired Total Performing $ 1,821,959 $ 819 $ 169,214 $ 1,991,992 $ 1,681,868 $ 2,378 $ 186,641 $ 1,870,887 Nonperforming 21,797 — — 21,797 22,902 — 392 23,294 Total $ 1,843,756 $ 819 $ 169,214 $ 2,013,789 $ 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) September 30, 2015 December 31, 2014 Originated Acquired FDIC acquired Total Originated Acquired FDIC acquired Total Performing $ 1,968,684 $ 22 $ 13,402 $ 1,982,108 $ 1,678,069 $ 985 $ 19,525 $ 1,698,579 Nonperforming 8,188 — — 8,188 7,473 — 174 7,647 Total $ 1,976,872 $ 22 $ 13,402 $ 1,990,296 $ 1,685,542 $ 985 $ 19,699 $ 1,706,226 |
Long-Term Debt (Tables)
Long-Term Debt (Tables) | 9 Months Ended |
Sep. 30, 2015 | |
Debt Disclosure [Abstract] | |
Long-Term Debt | Long-term debt consisted of the following. ( in thousands) September 30, December 31, Subordinated notes payable, maturing June 2045 $ 150,000 $ — Subordinated notes payable, maturing April 2017 98,011 98,011 Term note payable, maturing December 2015 123,200 149,600 Other long-term debt 125,966 126,760 Total long-term debt $ 497,177 $ 374,371 |
Fair Value (Tables)
Fair Value (Tables) | 9 Months Ended |
Sep. 30, 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. September 30, 2015 (in thousands) Level 1 Level 2 Total Assets Available for sale debt securities: U.S. Treasury and government agency securities $ — $ 143 $ 143 Municipal obligations — 15,952 15,952 Corporate debt securities — 3,500 3,500 Mortgage-backed securities — 1,841,369 1,841,369 Collateralized mortgage obligations — 305,147 305,147 Equity securities 2,726 — 2,726 Total available for sale securities 2,726 2,166,111 2,168,837 Derivative assets (1) — 31,399 31,399 Total recurring fair value measurements – assets $ 2,726 $ 2,197,510 $ 2,200,236 Liabilities Derivative liabilities (1) $ — $ 30,908 $ 30,908 Total recurring fair value measurements – liabilities $ — $ 30,908 $ 30,908 (1) For further disaggregation of derivative assets and liabilities, see Note 7 – 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 7 – 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. September 30, 2015 (in thousands) Level 1 Level 2 Level 3 Total Collateral-dependent impaired loans $ — $ 98,019 $ — $ 98,019 Other real estate owned — — 21,778 21,778 Total nonrecurring fair value measurements $ — $ 98,019 $ 21,778 $ 119,797 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 September 30, 2015 and December 31, 2014. September 30, 2015 (in thousands) Level 1 Level 2 Level 3 Total Fair Value Carrying Amount Financial assets: Cash, interest-bearing bank deposits, and federal funds sold $ 518,157 $ — $ — $ 518,157 $ 518,157 Available for sale securities 2,726 2,166,111 — 2,168,837 2,168,837 Held to maturity securities — 2,414,682 — 2,414,682 2,380,085 Loans, net — 98,019 14,558,423 14,656,442 14,623,474 Loans held for sale — 19,764 — 19,764 19,764 Derivative financial instruments — 31,399 — 31,399 31,399 Financial liabilities: Deposits $ — $ — $ 17,423,721 $ 17,423,721 $ 17,439,948 Federal funds purchased 10,200 — — 10,200 10,200 Securities sold under agreements to repurchase 438,982 — — 438,982 438,982 FHLB borrowings 600,000 — — 600,000 600,000 Long-term debt — 504,475 — 504,475 497,177 Derivative financial instruments — 30,908 — 30,908 30,908 December 31, 2014 (in thousands) Level 1 Level 2 Level 3 Total Fair Value Carrying Amount Financial assets: Cash, interest-bearing bank deposits, 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 — — 515,000 515,000 Long-term debt — 346,379 — 346,379 374,371 Derivative financial instruments — 20,860 — 20,860 20,860 |
Derivatives (Tables)
Derivatives (Tables) | 9 Months Ended |
Sep. 30, 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 September 30, 2015 and December 31, 2014. Fair Values (1) Notional Amounts Assets Liabilities (in thousands) Type of September 30, December 31, September 30, December 31, September 30, December 31, Derivatives designated as hedging instruments: Interest rate swaps Cash Flow $ 500,000 $ 300,000 $ 1,419 $ — $ — $ 592 $ 500,000 $ 300,000 $ 1,419 $ — $ — $ 592 Derivatives not designated as hedging instruments: Interest rate swaps (2) N/A $ 728,674 $ 747,754 $ 26,621 $ 17,806 $ 27,362 $ 18,419 Risk participation agreements N/A 87,184 80,438 107 125 206 208 Forward commitments to sell residential mortgage loans N/A 38,817 52,238 100 80 329 250 Interest rate-lock commitments on residential mortgage loans N/A 22,127 33,068 161 111 45 44 Foreign exchange forward contracts N/A 62,221 89,432 2,991 1,310 2,966 1,347 $ 939,023 $ 1,002,930 $ 29,980 $ 19,432 $ 30,908 $ 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 September 30, 2015 and December 31, 2014 is presented in the following tables. Gross Gross Net Amounts the Statement Gross Amounts Not Offset in the (in thousands) Financial Cash Net As of September 30, 2015 Derivative Assets $ 26,728 $ — $ 26,728 $ 118 $ — $ 26,610 Total $ 26,728 $ — $ 26,728 $ 118 $ — $ 26,610 Derivative Liabilities $ 27,568 $ — $ 27,568 $ 118 $ 28,796 $ (1,346 ) Total $ 27,568 $ — $ 27,568 $ 118 $ 28,796 $ (1,346 ) Gross Gross Statement Net Amounts Gross Amounts Not Offset in the Description Financial Cash Net 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) | 9 Months Ended |
Sep. 30, 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 Securities Employee Loss on Total Balance, December 31, 2013 $ 8,263 $ (21,189 ) $ (22,453 ) $ — $ (35,379 ) Other comprehensive income before income taxes: Net change in unrealized gain 9,119 — — — 9,119 Reclassification of net losses realized and included in earnings — — 293 — 293 Valuation adjustment for employee benefit plans — — 1,902 — 1,902 Amortization of unrealized net loss on securities transferred to HTM — 2,463 — — 2,463 Income tax expense 3,309 879 903 — 5,091 Balance, September 30, 2014 $ 14,073 $ (19,605 ) $ (21,161 ) $ — $ (26,693 ) Balance, December 31, 2014 $ 18,001 $ (19,074 ) $ (48,626 ) $ (375 ) $ (50,074 ) Other comprehensive income before income taxes: Net change in unrealized gain 163 — — 2,011 2,174 Reclassification of net (gain) losses realized and included in earnings (165 ) — 2,373 — 2,208 Valuation adjustment for employee benefit plans — — (959 ) (959 ) Amortization of unrealized net loss on securities transferred to HTM — 2,609 — — 2,609 Income tax (benefit) expense (73 ) 953 513 732 2,125 Balance, September 30, 2015 $ 18,072 $ (17,418 ) $ (47,725 ) $ 904 $ (46,167 ) |
Summary of Line Items in Consolidated Income Statements Affected by Amounts Reclassified from Accumulated Other Comprehensive Income | The following table shows the line items in the consolidated income statements affected by amounts reclassified from accumulated other comprehensive income. Nine Months Ended September 30, Affected line item on the income statement Amount reclassified from AOCI (a) (in thousands) 2015 2014 Gain on sale of AFS securities $ 165 $ — Securities gains (losses) Tax effect (58 ) — Income taxes Net of tax 107 — Net income Amortization of unrealized net loss on securities transferred to HTM $ (2,609 ) $ (2,463 ) Interest income Tax effect 953 879 Income taxes Net of tax (1,656 ) (1,584 ) Net income Amortization of defined benefit pension and post-retirement items (2,373 ) (293 ) Employee benefits expense (b) Tax effect 831 103 Income taxes Net of tax (1,542 ) (190 ) Net income Total reclassifications, net of tax $ (3,091 ) $ (1,774 ) Net income (a) Amounts in parenthesis indicate reduction in net income. (b) These accumulated other comprehensive income components are included in the computation of net periodic pension and post-retirement cost that is reported with employee benefits expense (see Note 11 for additional details). |
Earnings Per Share (Tables)
Earnings Per Share (Tables) | 9 Months Ended |
Sep. 30, 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 Nine Months Ended (in thousands, except per share data) 2015 2014 2015 2014 Numerator: Net income to common shareholders $ 41,166 $ 46,553 $ 116,154 $ 135,630 Net income allocated to participating securities – basic and diluted 840 883 2,541 2,783 Net income allocated to common shareholders – basic and diluted $ 40,326 $ 45,670 $ 113,613 $ 132,847 Denominator: Weighted-average common shares – basic 77,928 81,721 78,452 81,965 Dilutive potential common shares 147 221 157 239 Weighted-average common shares – diluted 78,075 81,942 78,609 82,204 Earnings per common share: Basic $ 0.52 $ 0.56 $ 1.45 $ 1.62 Diluted $ 0.52 $ 0.56 $ 1.45 $ 1.62 |
Share-Based Payment Arrangeme31
Share-Based Payment Arrangements (Tables) | 9 Months Ended |
Sep. 30, 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 nine months ended September 30, 2015 is presented below. Options Number of Weighted Weighted Aggregate Outstanding at January 1, 2015 933,750 $ 37.03 Exercised (11,577 ) 29.94 Cancelled/Forfeited (56,987 ) 35.89 Expired (111,424 ) 34.79 Outstanding at September 30, 2015 753,762 $ 37.55 3.9 $ — Exercisable at September 30, 2015 635,712 $ 38.90 3.5 $ — |
Schedule of Nonvested Restricted and Performance Shares | A summary of the status of the Company’s nonvested restricted and performance shares as of September 30, 2015 and changes during the nine months ended September 30, 2015, is presented in the following table. Number of Weighted Nonvested at January 1, 2015 2,040,299 $ 32.27 Granted 106,833 27.40 Vested (239,761 ) 31.93 Forfeited (143,884 ) 32.64 Nonvested at September 30, 2015 1,763,487 $ 31.99 |
Retirement Plans (Tables)
Retirement Plans (Tables) | 9 Months Ended |
Sep. 30, 2015 | |
Compensation and Retirement Disclosure [Abstract] | |
Components of Net Periodic Benefits Cost | The following tables show the components of net periodic benefits cost included in expense for the plans for the periods indicated. (in thousands) Pension benefits Other Post- 2015 2014 2015 2014 Three Months Ended September 30, Service cost $ 3,383 $ 3,230 $ 23 $ 31 Interest cost 4,672 4,812 174 285 Expected return on plan assets (8,207 ) (8,056 ) — — Amortization of net loss 842 7 (40 ) 91 Net periodic benefit cost $ 690 $ (7 ) $ 157 $ 407 Nine Months Ended September 30, Service cost $ 10,128 $ 9,690 $ 95 $ 94 Interest cost 13,963 14,438 717 855 Expected return on plan assets (24,626 ) (24,167 ) — — Amortization of net loss 2,328 20 45 273 Net periodic benefit cost $ 1,793 $ (19 ) $ 857 $ 1,222 |
Other Noninterest Income (Table
Other Noninterest Income (Tables) | 9 Months Ended |
Sep. 30, 2015 | |
Equity [Abstract] | |
Components of Other Noninterest Income | Components of other noninterest expense are as follows. Three Months Ended Nine Months Ended (in thousands) 2015 2014 2015 2014 Advertising $ 2,856 $ 2,457 $ 7,154 $ 6,395 Ad valorem and franchise taxes 2,868 3,098 8,319 8,397 Printing and supplies 1,193 1,189 3,568 3,467 Insurance expense 794 944 2,644 3,002 Travel expense 1,419 1,009 3,946 2,966 Entertainment and contributions 1,634 1,396 5,009 4,337 Tax credit investment amortization 2,161 2,220 6,352 6,590 Other miscellaneous 3,634 6,821 16,679 25,105 Total other noninterest expense $ 16,559 $ 19,134 $ 53,671 $ 60,259 |
Other Noninterest Expense (Tabl
Other Noninterest Expense (Tables) | 9 Months Ended |
Sep. 30, 2015 | |
Text Block [Abstract] | |
Components of Other Noninterest Expense | Components of other noninterest expense are as follows. Three Months Ended Nine Months Ended (in thousands) 2015 2014 2015 2014 Advertising $ 2,856 $ 2,457 $ 7,154 $ 6,395 Ad valorem and franchise taxes 2,868 3,098 8,319 8,397 Printing and supplies 1,193 1,189 3,568 3,467 Insurance expense 794 944 2,644 3,002 Travel expense 1,419 1,009 3,946 2,966 Entertainment and contributions 1,634 1,396 5,009 4,337 Tax credit investment amortization 2,161 2,220 6,352 6,590 Other miscellaneous 3,634 6,821 16,679 25,105 Total other noninterest expense $ 16,559 $ 19,134 $ 53,671 $ 60,259 |
Securities - Amortized Cost and
Securities - Amortized Cost and Fair Value of Available for Sale Securities (Detail) - USD ($) $ in Thousands | Sep. 30, 2015 | Dec. 31, 2014 |
Schedule of Available-for-sale Securities [Line Items] | ||
Securities available for sale, amortized cost | $ 2,140,436 | $ 1,631,761 |
Securities available for sale, Gross Unrealized Gains | 32,538 | 32,543 |
Securities available for sale, Gross Unrealized Losses | 4,137 | 4,139 |
Securities Available for Sale, Fair Value | 2,168,837 | 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 | 144 | 300,207 |
Securities available for sale, Gross Unrealized Gains | 372 | |
Securities available for sale, Gross Unrealized Losses | 1 | 71 |
Securities Available for Sale, Fair Value | 143 | 300,508 |
Municipal Obligations [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Securities available for sale, amortized cost | 15,712 | 13,995 |
Securities available for sale, Gross Unrealized Gains | 240 | 186 |
Securities available for sale, Gross Unrealized Losses | 5 | |
Securities Available for Sale, Fair Value | 15,952 | 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 | 2,446 | 8,673 |
Securities available for sale, Gross Unrealized Gains | 313 | 891 |
Securities available for sale, Gross Unrealized Losses | 33 | 11 |
Securities Available for Sale, Fair Value | 2,726 | 9,553 |
Mortgage-Backed Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Securities available for sale, amortized cost | 1,814,818 | 1,217,293 |
Securities available for sale, Gross Unrealized Gains | 30,021 | 31,094 |
Securities available for sale, Gross Unrealized Losses | 3,470 | 2,823 |
Securities Available for Sale, Fair Value | 1,841,369 | 1,245,564 |
Collateralized Mortgage Obligations [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Securities available for sale, amortized cost | 303,816 | 88,093 |
Securities available for sale, Gross Unrealized Gains | 1,964 | |
Securities available for sale, Gross Unrealized Losses | 633 | 1,229 |
Securities Available for Sale, Fair Value | $ 305,147 | $ 86,864 |
Securities - Amortized Cost a36
Securities - Amortized Cost and Fair Value of Held to Maturity Securities (Detail) - USD ($) $ in Thousands | Sep. 30, 2015 | Dec. 31, 2014 |
Schedule of Held-to-maturity Securities [Line Items] | ||
Securities Held to Maturity, Amortized Cost | $ 2,380,085 | $ 2,166,289 |
Securities Held to Maturity, Gross Unrealized Gains | 40,452 | 32,903 |
Securities Held to Maturity, Gross Unrealized Losses | 5,855 | 12,852 |
Securities Held to Maturity, Fair Value | 2,414,682 | 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 | 50,000 | |
Securities Held to Maturity, Gross Unrealized Gains | 343 | |
Securities Held to Maturity, Fair Value | 50,343 | |
Municipal Obligations [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Securities Held to Maturity, Amortized Cost | 187,541 | 180,615 |
Securities Held to Maturity, Gross Unrealized Gains | 3,777 | 3,416 |
Securities Held to Maturity, Gross Unrealized Losses | 575 | 1,144 |
Securities Held to Maturity, Fair Value | 190,743 | 182,887 |
Mortgage-Backed Securities [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Securities Held to Maturity, Amortized Cost | 992,984 | 899,923 |
Securities Held to Maturity, Gross Unrealized Gains | 27,677 | 23,897 |
Securities Held to Maturity, Gross Unrealized Losses | 162 | |
Securities Held to Maturity, Fair Value | 1,020,661 | 923,658 |
Collateralized Mortgage Obligations [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Securities Held to Maturity, Amortized Cost | 1,149,560 | 1,085,751 |
Securities Held to Maturity, Gross Unrealized Gains | 8,655 | 5,590 |
Securities Held to Maturity, Gross Unrealized Losses | 5,280 | 11,546 |
Securities Held to Maturity, Fair Value | $ 1,152,935 | $ 1,079,795 |
Securities - Amortized Cost a37
Securities - Amortized Cost and Fair Value of Available for Sale Securities by Final Contractual Maturity (Detail) $ in Thousands | Sep. 30, 2015USD ($) |
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 | $ 43,655 |
Securities Available for Sale, Due after one year through five years, Amortized Cost | 78,375 |
Securities Available for Sale, Due after five years through ten years, Amortized Cost | 280,603 |
Securities Available for Sale, Due after ten years, Amortized Cost | 1,735,357 |
Total available for sale securities, Amortized Cost | 2,137,990 |
Securities Available for Sale, Due in one year or less, Fair Value | 43,069 |
Securities Available for Sale, Due after one year through five years, Fair Value | 79,710 |
Securities Available for Sale, Due after five years through ten years, Fair Value | 289,987 |
Securities Available for Sale, Due after ten years, Fair Value | 1,753,345 |
Available for sale debt securities | $ 2,166,111 |
Securities - Amortized Cost a38
Securities - Amortized Cost and Fair Value of Held to Maturity Securities by Final Contractual Maturity (Detail) - USD ($) $ in Thousands | Sep. 30, 2015 | Dec. 31, 2014 |
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 | $ 248,854 | |
Securities Held to Maturity, Due after one year through five years, Amortized Cost | 420,607 | |
Securities Held to Maturity, Due after five years through ten years, Amortized Cost | 107,040 | |
Securities Held to Maturity, Due after ten years, Amortized Cost | 1,603,584 | |
Securities Held to Maturity, Amortized Cost | 2,380,085 | $ 2,166,289 |
Securities Held to Maturity, Due in one year or less, Fair Value | 250,028 | |
Securities Held to Maturity, Due after one year through five years, Fair Value | 420,768 | |
Securities Held to Maturity, Due after five years through ten years, Fair Value | 107,116 | |
Securities Held to Maturity, Due after ten years, Fair Value | 1,636,770 | |
Total Held to Maturity Securities, Fair Value | $ 2,414,682 | $ 2,186,340 |
Securities - Available for Sale
Securities - Available for Sale Securities Unrealized Losses (Detail) - USD ($) $ in Thousands | Sep. 30, 2015 | Dec. 31, 2014 |
Unrealized Loss And Fair Value Available For Sale Securities [Line Items] | ||
Available for sale securities, Losses less than 12 months, Fair Value | $ 532,616 | $ 147,898 |
Available for sale securities, Losses Less than 12 months, Gross Unrealized Losses | 1,926 | 248 |
Available for sale securities, Losses 12 months or longer, Fair value | 150,382 | 212,629 |
Available for sale securities, Losses 12 months or longer, Gross Unrealized Losses | 2,211 | 3,891 |
Available for sale securities, Total, Fair value | 682,998 | 360,527 |
Available for sale securities, Total, Gross Unrealized Losses | 4,137 | 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 | 1,510 | 5,998 |
Available for sale securities, Losses Less than 12 months, Gross Unrealized Losses | 31 | 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 | 1,512 | 6,001 |
Available for sale securities, Total, Gross Unrealized Losses | 33 | 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 | 99,950 | |
Available for sale securities, Losses Less than 12 months, Gross Unrealized Losses | 70 | |
Available for sale securities, Losses 12 months or longer, Fair value | 88 | 121 |
Available for sale securities, Losses 12 months or longer, Gross Unrealized Losses | 1 | 1 |
Available for sale securities, Total, Fair value | 88 | 100,071 |
Available for sale securities, Total, Gross Unrealized Losses | 1 | 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 | 482,530 | 38,955 |
Available for sale securities, Losses Less than 12 months, Gross Unrealized Losses | 1,884 | 163 |
Available for sale securities, Losses 12 months or longer, Fair value | 115,334 | 125,641 |
Available for sale securities, Losses 12 months or longer, Gross Unrealized Losses | 1,586 | 2,660 |
Available for sale securities, Total, Fair value | 597,864 | 164,596 |
Available for sale securities, Total, Gross Unrealized Losses | 3,470 | 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 | 48,576 | |
Available for sale securities, Losses Less than 12 months, Gross Unrealized Losses | 11 | |
Available for sale securities, Losses 12 months or longer, Fair value | 34,958 | 86,864 |
Available for sale securities, Losses 12 months or longer, Gross Unrealized Losses | 622 | 1,229 |
Available for sale securities, Total, Fair value | 83,534 | 86,864 |
Available for sale securities, Total, Gross Unrealized Losses | $ 633 | $ 1,229 |
Securities - Held to Maturity w
Securities - Held to Maturity with Unrealized Losses (Detail) - USD ($) $ in Thousands | Sep. 30, 2015 | Dec. 31, 2014 |
Schedule of Held-to-maturity Securities [Line Items] | ||
Held to maturity securities, Losses less than 12 months, Fair Value | $ 69,619 | $ 123,538 |
Held to maturity securities, Losses Less than 12 months, Gross Unrealized Losses | 379 | 628 |
Held to maturity securities, Losses 12 months or longer, Fair value | 424,422 | 694,234 |
Held to maturity securities, Losses 12 months or longer, Gross Unrealized Losses | 5,476 | 12,224 |
Held to maturity securities, Total, Fair value | 494,041 | 817,772 |
Held to maturity securities, Total, Gross Unrealized Losses | 5,855 | 12,852 |
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 | 47,775 | 119,222 |
Held to maturity securities, Losses Less than 12 months, Gross Unrealized Losses | 314 | 616 |
Held to maturity securities, Losses 12 months or longer, Fair value | 375,397 | 540,607 |
Held to maturity securities, Losses 12 months or longer, Gross Unrealized Losses | 4,966 | 10,930 |
Held to maturity securities, Total, Fair value | 423,172 | 659,829 |
Held to maturity securities, Total, Gross Unrealized Losses | 5,280 | 11,546 |
Municipal Obligations [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Held to maturity securities, Losses less than 12 months, Fair Value | 21,844 | 4,316 |
Held to maturity securities, Losses Less than 12 months, Gross Unrealized Losses | 65 | 12 |
Held to maturity securities, Losses 12 months or longer, Fair value | 49,025 | 58,105 |
Held to maturity securities, Losses 12 months or longer, Gross Unrealized Losses | 510 | 1,132 |
Held to maturity securities, Total, Fair value | 70,869 | 62,421 |
Held to maturity securities, Total, Gross Unrealized Losses | $ 575 | $ 1,144 |
Securities - Additional Informa
Securities - Additional Information (Detail) - USD ($) $ in Billions | Sep. 30, 2015 | Dec. 31, 2014 |
Amortized Cost and Fair Value Debt Securities [Abstract] | ||
Securities pledged to secure public deposits and securities sold under agreements to repurchase | $ 3 | $ 3.2 |
Loans and Allowance for Loan 42
Loans and Allowance for Loan Losses - Loans, Net of Unearned Income (Detail) - USD ($) $ in Thousands | Sep. 30, 2015 | Dec. 31, 2014 |
Loans Receivable [Line Items] | ||
Total FDIC acquired loans | $ 214,844 | $ 252,409 |
Total loans | 14,763,050 | 13,895,276 |
Commercial Non-Real Estate [Member] | ||
Loans Receivable [Line Items] | ||
Total FDIC acquired loans | 5,699 | 6,195 |
Total loans | 6,345,994 | 6,044,060 |
Construction and Land Development [Member] | ||
Loans Receivable [Line Items] | ||
Total FDIC acquired loans | 8,393 | 11,674 |
Total loans | 1,085,585 | 1,106,761 |
Commercial Real Estate [Member] | ||
Loans Receivable [Line Items] | ||
Total FDIC acquired loans | 18,136 | 27,808 |
Total loans | 3,327,386 | 3,144,048 |
Residential Mortgages [Member] | ||
Loans Receivable [Line Items] | ||
Total FDIC acquired loans | 169,214 | 187,033 |
Total loans | 2,013,789 | 1,894,181 |
Consumer [Member] | ||
Loans Receivable [Line Items] | ||
Total FDIC acquired loans | 13,402 | 19,699 |
Total loans | 1,990,296 | 1,706,226 |
Originated Loans [Member] | ||
Loans Receivable [Line Items] | ||
Total loans | 14,078,187 | 12,810,199 |
Originated Loans [Member] | Commercial Non-Real Estate [Member] | ||
Loans Receivable [Line Items] | ||
Total Commercial non-real estate | 6,232,310 | 5,917,728 |
Originated Loans [Member] | Construction and Land Development [Member] | ||
Loans Receivable [Line Items] | ||
Total Construction and land development | 1,068,895 | 1,073,964 |
Originated Loans [Member] | Commercial Real Estate [Member] | ||
Loans Receivable [Line Items] | ||
Total Commercial real estate | 2,956,354 | 2,428,195 |
Originated Loans [Member] | Residential Mortgages [Member] | ||
Loans Receivable [Line Items] | ||
Total Residential mortgages | 1,843,756 | 1,704,770 |
Originated Loans [Member] | Consumer [Member] | ||
Loans Receivable [Line Items] | ||
Total Consumer | 1,976,872 | 1,685,542 |
Acquired Loans [Member] | ||
Loans Receivable [Line Items] | ||
Total loans | 470,019 | 832,668 |
Acquired Loans [Member] | Commercial Non-Real Estate [Member] | ||
Loans Receivable [Line Items] | ||
Total Commercial non-real estate | 107,985 | 120,137 |
Acquired Loans [Member] | Construction and Land Development [Member] | ||
Loans Receivable [Line Items] | ||
Total Construction and land development | 8,297 | 21,123 |
Acquired Loans [Member] | Commercial Real Estate [Member] | ||
Loans Receivable [Line Items] | ||
Total Commercial real estate | 352,896 | 688,045 |
Acquired Loans [Member] | Residential Mortgages [Member] | ||
Loans Receivable [Line Items] | ||
Total Residential mortgages | 819 | 2,378 |
Acquired Loans [Member] | Consumer [Member] | ||
Loans Receivable [Line Items] | ||
Total Consumer | $ 22 | $ 985 |
Loans and Allowance for Loan 43
Loans and Allowance for Loan Losses - Schedule of Activity in Loss Share Receivable (Detail) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | |
Receivables [Abstract] | ||||
Beginning balance | $ 60,272 | $ 113,834 | ||
Amortization | $ (1,564) | $ (2,760) | (4,034) | (9,989) |
Charge-offs, write-downs and other recoveries | (6,733) | (793) | ||
External expenses qualifying under loss share agreement | 1,035 | 3,325 | ||
Changes due to changes in cash flow projections | (1,984) | (14,569) | ||
FDIC resolution of denied claims | (1,854) | (10,268) | ||
Net payments (from) to FDIC | (14,667) | 366 | ||
Ending balance | $ 32,035 | $ 81,906 | $ 32,035 | $ 81,906 |
Loans and Allowance for Loan 44
Loans and Allowance for Loan Losses - Allowance for Loan Losses by Portfolio Segment and Related Recorded Investment in Loans (Detail) - USD ($) $ in Thousands | 9 Months Ended | ||
Sep. 30, 2015 | Sep. 30, 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 | 214,844 | $ 252,409 | |
Ending balance: Loans | 14,763,050 | 13,895,276 | |
Increase (decrease) in FDIC loss share receivable | (1,984) | $ (14,569) | |
Loans and Leases receivable, Allowance, Ending Balance | 139,576 | ||
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 | (23,012) | (30,148) | |
Recoveries | 12,968 | 12,542 | |
Net provision for loan losses | 22,842 | 24,122 | |
Increase (decrease) in FDIC loss share receivable | (1,984) | (14,570) | |
Loans and Leases receivable, Allowance, Ending Balance | 139,576 | 125,572 | |
Ending balance: Individually evaluated for impairment | 8,618 | 1,318 | |
Ending balance: Collectively evaluated for impairment | 105,453 | 89,621 | |
Allowance for Loan Losses [Member] | Acquired-Impaired Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: Amounts related to acquired-impaired loans | 25,505 | 34,633 | |
Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: Loans | 14,763,050 | 13,348,574 | |
Ending balance: Individually evaluated for impairment | 112,443 | 33,098 | |
Ending balance: Collectively evaluated for impairment | 14,400,702 | 12,978,809 | |
Loans [Member] | Acquired-Impaired Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: Acquired-impaired loans | 249,905 | 336,667 | |
Commercial Non-Real Estate [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: FDIC acquired loans | 5,699 | 6,195 | |
Ending balance: Loans | 6,345,994 | 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 | (4,493) | (4,866) | |
Recoveries | 4,288 | 2,585 | |
Net provision for loan losses | 12,644 | 9,650 | |
Increase (decrease) in FDIC loss share receivable | 314 | (1,507) | |
Loans and Leases receivable, Allowance, Ending Balance | 63,922 | 42,879 | |
Ending balance: Individually evaluated for impairment | 5,588 | 116 | |
Ending balance: Collectively evaluated for impairment | 57,785 | 41,735 | |
Commercial Non-Real Estate [Member] | Allowance for Loan Losses [Member] | Acquired-Impaired Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: Amounts related to acquired-impaired loans | 549 | 1,028 | |
Commercial Non-Real Estate [Member] | Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: Loans | 6,345,994 | 5,587,137 | |
Ending balance: Individually evaluated for impairment | 75,345 | 6,513 | |
Ending balance: Collectively evaluated for impairment | 6,257,491 | 5,565,389 | |
Commercial Non-Real Estate [Member] | Loans [Member] | Acquired-Impaired Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: Acquired-impaired loans | 13,158 | 15,235 | |
Construction and Land Development [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: FDIC acquired loans | 8,393 | 11,674 | |
Ending balance: Loans | 1,085,585 | 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 | (1,889) | (2,965) | |
Recoveries | 2,902 | 2,724 | |
Net provision for loan losses | (54) | 3,449 | |
Increase (decrease) in FDIC loss share receivable | (6) | (2,404) | |
Loans and Leases receivable, Allowance, Ending Balance | 7,374 | 9,649 | |
Ending balance: Individually evaluated for impairment | 21 | 676 | |
Ending balance: Collectively evaluated for impairment | 5,626 | 7,706 | |
Construction and Land Development [Member] | Allowance for Loan Losses [Member] | Acquired-Impaired Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: Amounts related to acquired-impaired loans | 1,727 | 1,267 | |
Construction and Land Development [Member] | Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: Loans | 1,085,585 | 1,095,902 | |
Ending balance: Individually evaluated for impairment | 2,053 | 8,901 | |
Ending balance: Collectively evaluated for impairment | 1,067,196 | 1,056,635 | |
Construction and Land Development [Member] | Loans [Member] | Acquired-Impaired Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: Acquired-impaired loans | 16,336 | 30,366 | |
Commercial Real Estate [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: FDIC acquired loans | 18,136 | 27,808 | |
Ending balance: Loans | 3,327,386 | 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 | (3,860) | (6,735) | |
Recoveries | 1,592 | 2,639 | |
Net provision for loan losses | (99) | (3,299) | |
Increase (decrease) in FDIC loss share receivable | 523 | (2,418) | |
Loans and Leases receivable, Allowance, Ending Balance | 19,238 | 21,799 | |
Ending balance: Individually evaluated for impairment | 2,910 | 144 | |
Ending balance: Collectively evaluated for impairment | 14,139 | 16,341 | |
Commercial Real Estate [Member] | Allowance for Loan Losses [Member] | Acquired-Impaired Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: Amounts related to acquired-impaired loans | 2,189 | 5,314 | |
Commercial Real Estate [Member] | Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: Loans | 3,327,386 | 3,100,834 | |
Ending balance: Individually evaluated for impairment | 33,985 | 14,944 | |
Ending balance: Collectively evaluated for impairment | 3,256,447 | 3,016,948 | |
Commercial Real Estate [Member] | Loans [Member] | Acquired-Impaired Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: Acquired-impaired loans | 36,954 | 68,942 | |
Residential Mortgages [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: FDIC acquired loans | 169,214 | 187,033 | |
Ending balance: Loans | 2,013,789 | 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 | (2,199) | (2,470) | |
Recoveries | 583 | 502 | |
Net provision for loan losses | 1,464 | 3,386 | |
Increase (decrease) in FDIC loss share receivable | (2,718) | (4,873) | |
Loans and Leases receivable, Allowance, Ending Balance | 25,790 | 31,426 | |
Ending balance: Individually evaluated for impairment | 96 | 382 | |
Ending balance: Collectively evaluated for impairment | 7,365 | 8,861 | |
Residential Mortgages [Member] | Allowance for Loan Losses [Member] | Acquired-Impaired Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: Amounts related to acquired-impaired loans | 18,329 | 22,183 | |
Residential Mortgages [Member] | Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: Loans | 2,013,789 | 1,858,490 | |
Ending balance: Individually evaluated for impairment | 903 | 2,740 | |
Ending balance: Collectively evaluated for impairment | 1,842,853 | 1,665,423 | |
Residential Mortgages [Member] | Loans [Member] | Acquired-Impaired Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: Acquired-impaired loans | 170,033 | 190,327 | |
Consumer [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: FDIC acquired loans | 13,402 | 19,699 | |
Ending balance: Loans | 1,990,296 | 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 | (10,571) | (13,112) | |
Recoveries | 3,603 | 4,092 | |
Net provision for loan losses | 8,887 | 10,936 | |
Increase (decrease) in FDIC loss share receivable | (97) | (3,368) | |
Loans and Leases receivable, Allowance, Ending Balance | 23,252 | 19,819 | |
Ending balance: Individually evaluated for impairment | 3 | ||
Ending balance: Collectively evaluated for impairment | 20,538 | 14,978 | |
Consumer [Member] | Allowance for Loan Losses [Member] | Acquired-Impaired Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: Amounts related to acquired-impaired loans | 2,711 | 4,841 | |
Consumer [Member] | Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: Loans | 1,990,296 | 1,706,211 | |
Ending balance: Individually evaluated for impairment | 157 | ||
Ending balance: Collectively evaluated for impairment | 1,976,715 | 1,674,414 | |
Consumer [Member] | Loans [Member] | Acquired-Impaired Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: Acquired-impaired loans | 13,424 | 31,797 | |
Originated Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: Loans | 14,078,187 | 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 | (17,561) | (23,273) | |
Recoveries | 9,226 | 8,792 | |
Net provision for loan losses | 24,532 | 17,417 | |
Allowance for loan losses, Ending Balance | 113,898 | 81,821 | |
Ending balance: Individually evaluated for impairment | 8,445 | 754 | |
Ending balance: Collectively evaluated for impairment | 105,453 | 81,067 | |
Originated Loans [Member] | Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: Loans | 14,078,187 | 11,285,568 | |
Ending balance: Individually evaluated for impairment | 109,936 | 29,397 | |
Ending balance: Collectively evaluated for impairment | 13,968,251 | 11,256,171 | |
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 | (3,068) | (4,690) | |
Recoveries | 2,589 | 2,118 | |
Net provision for loan losses | 13,594 | 3,929 | |
Allowance for loan losses, Ending Balance | 63,373 | 34,448 | |
Ending balance: Individually evaluated for impairment | 5,588 | 24 | |
Ending balance: Collectively evaluated for impairment | 57,785 | 34,424 | |
Originated Loans [Member] | Commercial Non-Real Estate [Member] | Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: Loans | 6,232,310 | 4,806,740 | |
Ending balance: Individually evaluated for impairment | 75,345 | 5,582 | |
Ending balance: Collectively evaluated for impairment | 6,156,965 | 4,801,158 | |
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 | (1,483) | (2,615) | |
Recoveries | 2,006 | 1,220 | |
Net provision for loan losses | (289) | 2,151 | |
Allowance for loan losses, Ending Balance | 5,647 | 6,936 | |
Ending balance: Individually evaluated for impairment | 21 | 250 | |
Ending balance: Collectively evaluated for impairment | 5,626 | 6,686 | |
Originated Loans [Member] | Construction and Land Development [Member] | Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: Loans | 1,068,895 | 974,442 | |
Ending balance: Individually evaluated for impairment | 2,053 | 6,617 | |
Ending balance: Collectively evaluated for impairment | 1,066,842 | 967,825 | |
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 | (1,128) | (2,255) | |
Recoveries | 635 | 1,231 | |
Net provision for loan losses | 825 | (3,231) | |
Allowance for loan losses, Ending Balance | 16,876 | 16,394 | |
Ending balance: Individually evaluated for impairment | 2,737 | 98 | |
Ending balance: Collectively evaluated for impairment | 14,139 | 16,296 | |
Originated Loans [Member] | Commercial Real Estate [Member] | Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: Loans | 2,956,354 | 2,245,855 | |
Ending balance: Individually evaluated for impairment | 31,478 | 14,486 | |
Ending balance: Collectively evaluated for impairment | 2,924,876 | 2,231,369 | |
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 | (1,451) | (1,793) | |
Recoveries | 578 | 501 | |
Net provision for loan losses | 283 | 3,647 | |
Allowance for loan losses, Ending Balance | 7,461 | 9,247 | |
Ending balance: Individually evaluated for impairment | 96 | 382 | |
Ending balance: Collectively evaluated for impairment | 7,365 | 8,865 | |
Originated Loans [Member] | Residential Mortgages [Member] | Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: Loans | 1,843,756 | 1,635,462 | |
Ending balance: Individually evaluated for impairment | 903 | 2,712 | |
Ending balance: Collectively evaluated for impairment | 1,842,853 | 1,632,750 | |
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 | (10,431) | (11,920) | |
Recoveries | 3,418 | 3,722 | |
Net provision for loan losses | 10,119 | 10,921 | |
Allowance for loan losses, Ending Balance | 20,541 | 14,796 | |
Ending balance: Individually evaluated for impairment | 3 | ||
Ending balance: Collectively evaluated for impairment | 20,538 | 14,796 | |
Originated Loans [Member] | Consumer [Member] | Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: Loans | 1,976,872 | 1,623,069 | |
Ending balance: Individually evaluated for impairment | 157 | ||
Ending balance: Collectively evaluated for impairment | 1,976,715 | 1,623,069 | |
Acquired Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: Loans | 470,019 | $ 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 | (304) | 7,471 | |
Allowance for loan losses, Ending Balance | 173 | 9,118 | |
Ending balance: Individually evaluated for impairment | 173 | 564 | |
Ending balance: Collectively evaluated for impairment | 8,554 | ||
Acquired Loans [Member] | Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: Loans | 470,019 | 1,782,176 | |
Ending balance: Individually evaluated for impairment | 2,507 | 3,701 | |
Ending balance: Collectively evaluated for impairment | 432,451 | 1,722,638 | |
Acquired Loans [Member] | Loans [Member] | Acquired-Impaired Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: Acquired-impaired loans | 35,061 | 55,837 | |
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 | 5,800 | ||
Allowance for loan losses, Ending Balance | 7,403 | ||
Ending balance: Individually evaluated for impairment | 92 | ||
Ending balance: Collectively evaluated for impairment | 7,311 | ||
Acquired Loans [Member] | Commercial Non-Real Estate [Member] | Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: Loans | 107,985 | 769,226 | |
Ending balance: Individually evaluated for impairment | 931 | ||
Ending balance: Collectively evaluated for impairment | 100,526 | 764,231 | |
Acquired Loans [Member] | Commercial Non-Real Estate [Member] | Loans [Member] | Acquired-Impaired Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: Acquired-impaired loans | 7,459 | 4,064 | |
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 | 1,436 | ||
Allowance for loan losses, Ending Balance | 1,446 | ||
Ending balance: Individually evaluated for impairment | 426 | ||
Ending balance: Collectively evaluated for impairment | 1,020 | ||
Acquired Loans [Member] | Construction and Land Development [Member] | Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: Loans | 8,297 | 110,294 | |
Ending balance: Individually evaluated for impairment | 2,284 | ||
Ending balance: Collectively evaluated for impairment | 354 | 88,810 | |
Acquired Loans [Member] | Construction and Land Development [Member] | Loans [Member] | Acquired-Impaired Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: Acquired-impaired loans | 7,943 | 19,200 | |
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 | (304) | 57 | |
Allowance for loan losses, Ending Balance | 173 | 91 | |
Ending balance: Individually evaluated for impairment | 173 | 46 | |
Ending balance: Collectively evaluated for impairment | 45 | ||
Acquired Loans [Member] | Commercial Real Estate [Member] | Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: Loans | 352,896 | 813,429 | |
Ending balance: Individually evaluated for impairment | 2,507 | 458 | |
Ending balance: Collectively evaluated for impairment | 331,571 | 785,579 | |
Acquired Loans [Member] | Commercial Real Estate [Member] | Loans [Member] | Acquired-Impaired Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: Acquired-impaired loans | 18,818 | 27,392 | |
Acquired Loans [Member] | Residential Mortgages [Member] | Allowance for Loan Losses [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Net provision for loan losses | (4) | ||
Allowance for loan losses, Ending Balance | (4) | ||
Ending balance: Collectively evaluated for impairment | (4) | ||
Acquired Loans [Member] | Residential Mortgages [Member] | Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: Loans | 819 | 37,739 | |
Ending balance: Individually evaluated for impairment | 28 | ||
Ending balance: Collectively evaluated for impairment | 32,673 | ||
Acquired Loans [Member] | Residential Mortgages [Member] | Loans [Member] | Acquired-Impaired Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: Acquired-impaired loans | 819 | 5,038 | |
Acquired Loans [Member] | Consumer [Member] | Allowance for Loan Losses [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Net provision for loan losses | 182 | ||
Allowance for loan losses, Ending Balance | 182 | ||
Ending balance: Collectively evaluated for impairment | 182 | ||
Acquired Loans [Member] | Consumer [Member] | Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: Loans | 22 | 51,488 | |
Ending balance: Collectively evaluated for impairment | 51,345 | ||
Acquired Loans [Member] | Consumer [Member] | Loans [Member] | Acquired-Impaired Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: Acquired-impaired loans | 22 | 143 | |
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 | (5,451) | (6,875) | |
Recoveries | 3,742 | 3,750 | |
Net provision for loan losses | (1,386) | (766) | |
Increase (decrease) in FDIC loss share receivable | (1,984) | (14,570) | |
Loans and Leases receivable, Allowance, Ending Balance | 25,505 | 34,633 | |
FDIC Acquired Loans [Member] | Allowance for Loan Losses [Member] | Acquired-Impaired Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: Amounts related to acquired-impaired loans | 25,505 | 34,633 | |
FDIC Acquired Loans [Member] | Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: FDIC acquired loans | 214,844 | 280,830 | |
FDIC Acquired Loans [Member] | Loans [Member] | Acquired-Impaired Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: Acquired-impaired loans | 214,844 | 280,830 | |
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 | (1,425) | (176) | |
Recoveries | 1,699 | 467 | |
Net provision for loan losses | (950) | (79) | |
Increase (decrease) in FDIC loss share receivable | 314 | (1,507) | |
Loans and Leases receivable, Allowance, Ending Balance | 549 | 1,028 | |
FDIC Acquired Loans [Member] | Commercial Non-Real Estate [Member] | Allowance for Loan Losses [Member] | Acquired-Impaired Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: Amounts related to acquired-impaired loans | 549 | 1,028 | |
FDIC Acquired Loans [Member] | Commercial Non-Real Estate [Member] | Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: FDIC acquired loans | 5,699 | 11,171 | |
FDIC Acquired Loans [Member] | Commercial Non-Real Estate [Member] | Loans [Member] | Acquired-Impaired Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: Acquired-impaired loans | 5,699 | 11,171 | |
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 | (406) | (350) | |
Recoveries | 896 | 1,504 | |
Net provision for loan losses | 235 | (138) | |
Increase (decrease) in FDIC loss share receivable | (6) | (2,404) | |
Loans and Leases receivable, Allowance, Ending Balance | 1,727 | 1,267 | |
FDIC Acquired Loans [Member] | Construction and Land Development [Member] | Allowance for Loan Losses [Member] | Acquired-Impaired Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: Amounts related to acquired-impaired loans | 1,727 | 1,267 | |
FDIC Acquired Loans [Member] | Construction and Land Development [Member] | Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: FDIC acquired loans | 8,393 | 11,166 | |
FDIC Acquired Loans [Member] | Construction and Land Development [Member] | Loans [Member] | Acquired-Impaired Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: Acquired-impaired loans | 8,393 | 11,166 | |
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 | (2,732) | (4,480) | |
Recoveries | 957 | 1,408 | |
Net provision for loan losses | (620) | (125) | |
Increase (decrease) in FDIC loss share receivable | 523 | (2,418) | |
Loans and Leases receivable, Allowance, Ending Balance | 2,189 | 5,314 | |
FDIC Acquired Loans [Member] | Commercial Real Estate [Member] | Allowance for Loan Losses [Member] | Acquired-Impaired Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: Amounts related to acquired-impaired loans | 2,189 | 5,314 | |
FDIC Acquired Loans [Member] | Commercial Real Estate [Member] | Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: FDIC acquired loans | 18,136 | 41,550 | |
FDIC Acquired Loans [Member] | Commercial Real Estate [Member] | Loans [Member] | Acquired-Impaired Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: Acquired-impaired loans | 18,136 | 41,550 | |
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 | (748) | (677) | |
Recoveries | 5 | 1 | |
Net provision for loan losses | 1,181 | (257) | |
Increase (decrease) in FDIC loss share receivable | (2,718) | (4,873) | |
Loans and Leases receivable, Allowance, Ending Balance | 18,329 | 22,183 | |
FDIC Acquired Loans [Member] | Residential Mortgages [Member] | Allowance for Loan Losses [Member] | Acquired-Impaired Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: Amounts related to acquired-impaired loans | 18,329 | 22,183 | |
FDIC Acquired Loans [Member] | Residential Mortgages [Member] | Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: FDIC acquired loans | 169,214 | 185,289 | |
FDIC Acquired Loans [Member] | Residential Mortgages [Member] | Loans [Member] | Acquired-Impaired Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: Acquired-impaired loans | 169,214 | 185,289 | |
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) | (1,192) | |
Recoveries | 185 | 370 | |
Net provision for loan losses | (1,232) | (167) | |
Increase (decrease) in FDIC loss share receivable | (97) | (3,368) | |
Loans and Leases receivable, Allowance, Ending Balance | 2,711 | 4,841 | |
FDIC Acquired Loans [Member] | Consumer [Member] | Allowance for Loan Losses [Member] | Acquired-Impaired Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: Amounts related to acquired-impaired loans | 2,711 | 4,841 | |
FDIC Acquired Loans [Member] | Consumer [Member] | Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: FDIC acquired loans | 13,402 | 31,654 | |
FDIC Acquired Loans [Member] | Consumer [Member] | Loans [Member] | Acquired-Impaired Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Ending balance: Acquired-impaired loans | $ 13,402 | $ 31,654 |
Loans and Allowance for Loan 45
Loans and Allowance for Loan Losses - Summary of Composition of Non-Accrual Loans by Portfolio Segment (Detail) - USD ($) $ in Thousands | Sep. 30, 2015 | Dec. 31, 2014 |
Nonaccrual Loans By Portfolio [Line Items] | ||
Nonaccrual loans | $ 166,945 | $ 79,537 |
Commercial Non-Real Estate [Member] | ||
Nonaccrual Loans By Portfolio [Line Items] | ||
Nonaccrual loans | 93,448 | 15,511 |
Construction and Land Development [Member] | ||
Nonaccrual Loans By Portfolio [Line Items] | ||
Nonaccrual loans | 5,527 | 7,565 |
Commercial Real Estate [Member] | ||
Nonaccrual Loans By Portfolio [Line Items] | ||
Nonaccrual loans | 39,382 | 28,619 |
Residential Mortgages [Member] | ||
Nonaccrual Loans By Portfolio [Line Items] | ||
Nonaccrual loans | 21,750 | 22,094 |
Consumer [Member] | ||
Nonaccrual Loans By Portfolio [Line Items] | ||
Nonaccrual loans | 6,838 | 5,748 |
Originated Loans [Member] | ||
Nonaccrual Loans By Portfolio [Line Items] | ||
Nonaccrual loans | 163,930 | 71,296 |
Originated Loans [Member] | Commercial Non-Real Estate [Member] | ||
Nonaccrual Loans By Portfolio [Line Items] | ||
Nonaccrual loans | 93,448 | 15,511 |
Originated Loans [Member] | Construction and Land Development [Member] | ||
Nonaccrual Loans By Portfolio [Line Items] | ||
Nonaccrual loans | 5,527 | 6,462 |
Originated Loans [Member] | Commercial Real Estate [Member] | ||
Nonaccrual Loans By Portfolio [Line Items] | ||
Nonaccrual loans | 36,367 | 22,047 |
Originated Loans [Member] | Residential Mortgages [Member] | ||
Nonaccrual Loans By Portfolio [Line Items] | ||
Nonaccrual loans | 21,750 | 21,702 |
Originated Loans [Member] | Consumer [Member] | ||
Nonaccrual Loans By Portfolio [Line Items] | ||
Nonaccrual loans | 6,838 | 5,574 |
Acquired Loans [Member] | ||
Nonaccrual Loans By Portfolio [Line Items] | ||
Nonaccrual loans | 3,015 | 6,139 |
Acquired Loans [Member] | Commercial Real Estate [Member] | ||
Nonaccrual Loans By Portfolio [Line Items] | ||
Nonaccrual loans | $ 3,015 | 6,139 |
FDIC Acquired Loans [Member] | ||
Nonaccrual Loans By Portfolio [Line Items] | ||
Nonaccrual loans | 2,102 | |
FDIC Acquired Loans [Member] | Construction and Land Development [Member] | ||
Nonaccrual Loans By Portfolio [Line Items] | ||
Nonaccrual loans | 1,103 | |
FDIC Acquired Loans [Member] | Commercial Real Estate [Member] | ||
Nonaccrual Loans By Portfolio [Line Items] | ||
Nonaccrual loans | 433 | |
FDIC Acquired Loans [Member] | Residential Mortgages [Member] | ||
Nonaccrual Loans By Portfolio [Line Items] | ||
Nonaccrual loans | 392 | |
FDIC Acquired Loans [Member] | Consumer [Member] | ||
Nonaccrual Loans By Portfolio [Line Items] | ||
Nonaccrual loans | $ 174 |
Loans and Allowance for Loan 46
Loans and Allowance for Loan Losses - Additional Information (Detail) | 9 Months Ended | 12 Months Ended | |
Sep. 30, 2015USD ($)Contract | Sep. 30, 2014USD ($)Contract | Dec. 31, 2014USD ($) | |
Non Accrual Loans Segregated By Class Of Loans [Line Items] | |||
Nonaccrual loans | $ 166,945,000 | $ 79,537,000 | |
Troubled debt restructuring both accruing and nonaccruing | $ 10,700,000 | 16,000,000 | |
Number of TDRs subsequently defaulted | Contract | 0 | ||
Minimum bank portfolio loan need to be reviewed | $ 1,000,000 | ||
Real estate acquired through foreclosure | 32,493,000 | 58,415,000 | |
Commercial Non-Real Estate [Member] | |||
Non Accrual Loans Segregated By Class Of Loans [Line Items] | |||
Nonaccrual loans | 93,448,000 | 15,511,000 | |
Consumer [Member] | |||
Non Accrual Loans Segregated By Class Of Loans [Line Items] | |||
Nonaccrual loans | 6,838,000 | 5,748,000 | |
Mortgage loan in process of foreclosure | 9,000,000 | 13,700,000 | |
Real estate acquired through foreclosure | $ 7,900,000 | 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 | $ 4,900,000 | 7,000,000 | |
Originated Loans [Member] | |||
Non Accrual Loans Segregated By Class Of Loans [Line Items] | |||
Nonaccrual loans | 163,930,000 | 71,296,000 | |
Originated Loans [Member] | Commercial Non-Real Estate [Member] | |||
Non Accrual Loans Segregated By Class Of Loans [Line Items] | |||
Nonaccrual loans | 93,448,000 | 15,511,000 | |
Number of TDRs subsequently defaulted | Contract | 1 | ||
Recorded investment | $ 900,000 | ||
Originated Loans [Member] | Consumer [Member] | |||
Non Accrual Loans Segregated By Class Of Loans [Line Items] | |||
Nonaccrual loans | 6,838,000 | 5,574,000 | |
FDIC Acquired Loans [Member] | |||
Non Accrual Loans Segregated By Class Of Loans [Line Items] | |||
Nonaccrual loans | 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 | 5,400,000 | 8,100,000 | |
Real estate acquired through foreclosure | $ 2,300,000 | $ 8,200,000 |
Loans and Allowance for Loan 47
Loans and Allowance for Loan Losses - Schedule of Troubled Debt Restructurings Occurred During Period by Portfolio Segment (Detail) $ in Thousands | 9 Months Ended | |
Sep. 30, 2015USD ($)Contract | Sep. 30, 2014USD ($)Contract | |
Troubled Debt Restructuring, Debtor, Current Period [Line Items] | ||
Number of Contracts | Contract | 6 | 6 |
Pre-Modification Outstanding Recorded Investment | $ 687 | $ 3,925 |
Post-Modification Outstanding Recorded Investment | $ 687 | $ 3,233 |
Commercial Real Estate [Member] | ||
Troubled Debt Restructuring, Debtor, Current Period [Line Items] | ||
Number of Contracts | Contract | 1 | 2 |
Pre-Modification Outstanding Recorded Investment | $ 482 | $ 2,430 |
Post-Modification Outstanding Recorded Investment | $ 482 | $ 2,385 |
Residential Mortgages [Member] | ||
Troubled Debt Restructuring, Debtor, Current Period [Line Items] | ||
Number of Contracts | Contract | 4 | 4 |
Pre-Modification Outstanding Recorded Investment | $ 185 | $ 1,495 |
Post-Modification Outstanding Recorded Investment | $ 185 | $ 848 |
Consumer [Member] | ||
Troubled Debt Restructuring, Debtor, Current Period [Line Items] | ||
Number of Contracts | Contract | 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 | Contract | 6 | 6 |
Pre-Modification Outstanding Recorded Investment | $ 687 | $ 3,925 |
Post-Modification Outstanding Recorded Investment | $ 687 | $ 3,233 |
Originated Loans [Member] | Commercial Real Estate [Member] | ||
Troubled Debt Restructuring, Debtor, Current Period [Line Items] | ||
Number of Contracts | Contract | 1 | 2 |
Pre-Modification Outstanding Recorded Investment | $ 482 | $ 2,430 |
Post-Modification Outstanding Recorded Investment | $ 482 | $ 2,385 |
Originated Loans [Member] | Residential Mortgages [Member] | ||
Troubled Debt Restructuring, Debtor, Current Period [Line Items] | ||
Number of Contracts | Contract | 4 | 4 |
Pre-Modification Outstanding Recorded Investment | $ 185 | $ 1,495 |
Post-Modification Outstanding Recorded Investment | $ 185 | $ 848 |
Originated Loans [Member] | Consumer [Member] | ||
Troubled Debt Restructuring, Debtor, Current Period [Line Items] | ||
Number of Contracts | Contract | 1 | |
Pre-Modification Outstanding Recorded Investment | $ 20 | |
Post-Modification Outstanding Recorded Investment | $ 20 |
Loans and Allowance for Loan 48
Loans and Allowance for Loan Losses - Summary of Impaired Loans Disaggregated by Class (Detail) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended |
Sep. 30, 2015 | Dec. 31, 2014 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Recorded Investment, With no related allowance recorded | $ 47,394 | $ 14,815 |
Recorded Investment, With a related allowance recorded | 65,049 | 14,896 |
Recorded Investment, Total | 112,443 | 29,711 |
Interest Income Recognized, With no related allowance recorded | 28 | 527 |
Unpaid Principal Balance, With no related allowance recorded | 49,906 | 20,707 |
Interest Income Recognized, With a related allowance recorded | 163 | 648 |
Unpaid Principal Balance, With a related allowance recorded | 67,903 | 15,581 |
Interest Income Recognized, Total | 191 | 1,175 |
Unpaid Principal Balance, Total | 117,809 | 36,288 |
Related Allowance, With no related allowance recorded | 0 | 0 |
Related Allowance, With a related allowance recorded | 8,618 | 854 |
Related Allowance, Total | 8,618 | 854 |
Average Recorded Investment, With no related allowance recorded | 27,557 | 13,965 |
Average Recorded Investment, With a related allowance recorded | 36,454 | 25,340 |
Average Recorded Investment, Total | 64,011 | 39,305 |
Commercial Non-Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Recorded Investment, With no related allowance recorded | 32,963 | 3,003 |
Recorded Investment, With a related allowance recorded | 42,382 | 984 |
Recorded Investment, Total | 75,345 | 3,987 |
Interest Income Recognized, With no related allowance recorded | 51 | |
Unpaid Principal Balance, With no related allowance recorded | 33,468 | 3,646 |
Interest Income Recognized, With a related allowance recorded | 6 | 221 |
Unpaid Principal Balance, With a related allowance recorded | 43,146 | 984 |
Interest Income Recognized, Total | 6 | 272 |
Unpaid Principal Balance, Total | 76,614 | 4,630 |
Related Allowance, With no related allowance recorded | 0 | 0 |
Related Allowance, With a related allowance recorded | 5,588 | 14 |
Related Allowance, Total | 5,588 | 14 |
Average Recorded Investment, With no related allowance recorded | 14,887 | 1,566 |
Average Recorded Investment, With a related allowance recorded | 16,683 | 6,581 |
Average Recorded Investment, Total | 31,570 | 8,147 |
Construction and Land Development [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Recorded Investment, With no related allowance recorded | 1,391 | 3,345 |
Recorded Investment, With a related allowance recorded | 662 | 4,905 |
Recorded Investment, Total | 2,053 | 8,250 |
Interest Income Recognized, With no related allowance recorded | 142 | |
Unpaid Principal Balance, With no related allowance recorded | 1,391 | 6,486 |
Interest Income Recognized, With a related allowance recorded | 66 | 193 |
Unpaid Principal Balance, With a related allowance recorded | 2,224 | 4,906 |
Interest Income Recognized, Total | 66 | 335 |
Unpaid Principal Balance, Total | 3,615 | 11,392 |
Related Allowance, With no related allowance recorded | 0 | 0 |
Related Allowance, With a related allowance recorded | 21 | 19 |
Related Allowance, Total | 21 | 19 |
Average Recorded Investment, With no related allowance recorded | 1,319 | 3,451 |
Average Recorded Investment, With a related allowance recorded | 3,443 | 7,697 |
Average Recorded Investment, Total | 4,762 | 11,148 |
Commercial Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Recorded Investment, With no related allowance recorded | 12,945 | 8,467 |
Recorded Investment, With a related allowance recorded | 21,040 | 6,345 |
Recorded Investment, Total | 33,985 | 14,812 |
Interest Income Recognized, With no related allowance recorded | 26 | 331 |
Unpaid Principal Balance, With no related allowance recorded | 14,952 | 10,575 |
Interest Income Recognized, With a related allowance recorded | 70 | 184 |
Unpaid Principal Balance, With a related allowance recorded | 21,058 | 6,374 |
Interest Income Recognized, Total | 96 | 515 |
Unpaid Principal Balance, Total | 36,010 | 16,949 |
Related Allowance, With no related allowance recorded | 0 | 0 |
Related Allowance, With a related allowance recorded | 2,910 | 488 |
Related Allowance, Total | 2,910 | 488 |
Average Recorded Investment, With no related allowance recorded | 11,018 | 8,772 |
Average Recorded Investment, With a related allowance recorded | 14,723 | 8,857 |
Average Recorded Investment, Total | 25,741 | 17,629 |
Residential Mortgages [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Recorded Investment, With a related allowance recorded | 903 | 2,656 |
Recorded Investment, Total | 903 | 2,656 |
Interest Income Recognized, With no related allowance recorded | 2 | 3 |
Interest Income Recognized, With a related allowance recorded | 18 | 50 |
Unpaid Principal Balance, With a related allowance recorded | 1,413 | 3,311 |
Interest Income Recognized, Total | 20 | 53 |
Unpaid Principal Balance, Total | 1,413 | 3,311 |
Related Allowance, With no related allowance recorded | 0 | 0 |
Related Allowance, With a related allowance recorded | 96 | 330 |
Related Allowance, Total | 96 | 330 |
Average Recorded Investment, With no related allowance recorded | 259 | 176 |
Average Recorded Investment, With a related allowance recorded | 1,578 | 2,204 |
Average Recorded Investment, Total | 1,837 | 2,380 |
Consumer [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Recorded Investment, With no related allowance recorded | 95 | |
Recorded Investment, With a related allowance recorded | 62 | 6 |
Recorded Investment, Total | 157 | 6 |
Unpaid Principal Balance, With no related allowance recorded | 95 | |
Interest Income Recognized, With a related allowance recorded | 3 | |
Unpaid Principal Balance, With a related allowance recorded | 62 | 6 |
Interest Income Recognized, Total | 3 | |
Unpaid Principal Balance, Total | 157 | 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 | 74 | |
Average Recorded Investment, With a related allowance recorded | 27 | 1 |
Average Recorded Investment, Total | 101 | 1 |
Originated Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Recorded Investment, With no related allowance recorded | 47,394 | 14,815 |
Recorded Investment, With a related allowance recorded | 62,542 | 12,205 |
Recorded Investment, Total | 109,936 | 27,020 |
Interest Income Recognized, With no related allowance recorded | 28 | 527 |
Unpaid Principal Balance, With no related allowance recorded | 49,906 | 20,707 |
Interest Income Recognized, With a related allowance recorded | 163 | 395 |
Unpaid Principal Balance, With a related allowance recorded | 65,381 | 12,861 |
Interest Income Recognized, Total | 191 | 921 |
Unpaid Principal Balance, Total | 115,287 | 33,568 |
Related Allowance, With no related allowance recorded | 0 | 0 |
Related Allowance, With a related allowance recorded | 8,445 | 377 |
Related Allowance, Total | 8,445 | 377 |
Average Recorded Investment, With no related allowance recorded | 27,557 | 13,088 |
Average Recorded Investment, With a related allowance recorded | 33,874 | 21,887 |
Average Recorded Investment, Total | 61,431 | 34,976 |
Originated Loans [Member] | Commercial Non-Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Recorded Investment, With no related allowance recorded | 32,963 | 3,003 |
Recorded Investment, With a related allowance recorded | 42,382 | 984 |
Recorded Investment, Total | 75,345 | 3,987 |
Interest Income Recognized, With no related allowance recorded | 51 | |
Unpaid Principal Balance, With no related allowance recorded | 33,468 | 3,646 |
Interest Income Recognized, With a related allowance recorded | 6 | 99 |
Unpaid Principal Balance, With a related allowance recorded | 43,146 | 984 |
Interest Income Recognized, Total | 6 | 150 |
Unpaid Principal Balance, Total | 76,614 | 4,630 |
Related Allowance, With no related allowance recorded | 0 | 0 |
Related Allowance, With a related allowance recorded | 5,588 | 14 |
Related Allowance, Total | 5,588 | 14 |
Average Recorded Investment, With no related allowance recorded | 14,887 | 1,209 |
Average Recorded Investment, With a related allowance recorded | 16,683 | 5,522 |
Average Recorded Investment, Total | 31,570 | 6,732 |
Originated Loans [Member] | Construction and Land Development [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Recorded Investment, With no related allowance recorded | 1,391 | 3,345 |
Recorded Investment, With a related allowance recorded | 662 | 4,905 |
Recorded Investment, Total | 2,053 | 8,250 |
Interest Income Recognized, With no related allowance recorded | 142 | |
Unpaid Principal Balance, With no related allowance recorded | 1,391 | 6,486 |
Interest Income Recognized, With a related allowance recorded | 66 | 137 |
Unpaid Principal Balance, With a related allowance recorded | 2,224 | 4,906 |
Interest Income Recognized, Total | 66 | 279 |
Unpaid Principal Balance, Total | 3,615 | 11,392 |
Related Allowance, With no related allowance recorded | 0 | 0 |
Related Allowance, With a related allowance recorded | 21 | 19 |
Related Allowance, Total | 21 | 19 |
Average Recorded Investment, With no related allowance recorded | 1,319 | 3,330 |
Average Recorded Investment, With a related allowance recorded | 3,443 | 6,660 |
Average Recorded Investment, Total | 4,762 | 9,990 |
Originated Loans [Member] | Commercial Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Recorded Investment, With no related allowance recorded | 12,945 | 8,467 |
Recorded Investment, With a related allowance recorded | 18,533 | 3,654 |
Recorded Investment, Total | 31,478 | 12,121 |
Interest Income Recognized, With no related allowance recorded | 26 | 331 |
Unpaid Principal Balance, With no related allowance recorded | 14,952 | 10,575 |
Interest Income Recognized, With a related allowance recorded | 70 | 109 |
Unpaid Principal Balance, With a related allowance recorded | 18,536 | 3,654 |
Interest Income Recognized, Total | 96 | 439 |
Unpaid Principal Balance, Total | 33,488 | 14,229 |
Related Allowance, With no related allowance recorded | 0 | 0 |
Related Allowance, With a related allowance recorded | 2,737 | 11 |
Related Allowance, Total | 2,737 | 11 |
Average Recorded Investment, With no related allowance recorded | 11,018 | 8,461 |
Average Recorded Investment, With a related allowance recorded | 12,143 | 7,500 |
Average Recorded Investment, Total | 23,161 | 15,961 |
Originated Loans [Member] | Residential Mortgages [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Recorded Investment, With a related allowance recorded | 903 | 2,656 |
Recorded Investment, Total | 903 | 2,656 |
Interest Income Recognized, With no related allowance recorded | 2 | 3 |
Interest Income Recognized, With a related allowance recorded | 18 | 50 |
Unpaid Principal Balance, With a related allowance recorded | 1,413 | 3,311 |
Interest Income Recognized, Total | 20 | 53 |
Unpaid Principal Balance, Total | 1,413 | 3,311 |
Related Allowance, With no related allowance recorded | 0 | 0 |
Related Allowance, With a related allowance recorded | 96 | 330 |
Related Allowance, Total | 96 | 330 |
Average Recorded Investment, With no related allowance recorded | 259 | 88 |
Average Recorded Investment, With a related allowance recorded | 1,578 | 2,204 |
Average Recorded Investment, Total | 1,837 | 2,292 |
Originated Loans [Member] | Consumer [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Recorded Investment, With no related allowance recorded | 95 | |
Recorded Investment, With a related allowance recorded | 62 | 6 |
Recorded Investment, Total | 157 | 6 |
Unpaid Principal Balance, With no related allowance recorded | 95 | |
Interest Income Recognized, With a related allowance recorded | 3 | |
Unpaid Principal Balance, With a related allowance recorded | 62 | 6 |
Interest Income Recognized, Total | 3 | |
Unpaid Principal Balance, Total | 157 | 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 | 74 | |
Average Recorded Investment, With a related allowance recorded | 27 | 1 |
Average Recorded Investment, Total | 101 | 1 |
Acquired Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Recorded Investment, With a related allowance recorded | 2,507 | 2,691 |
Recorded Investment, Total | 2,507 | 2,691 |
Interest Income Recognized, With a related allowance recorded | 253 | |
Unpaid Principal Balance, With a related allowance recorded | 2,522 | 2,720 |
Interest Income Recognized, Total | 253 | |
Unpaid Principal Balance, Total | 2,522 | 2,720 |
Related Allowance, With no related allowance recorded | 0 | |
Related Allowance, With a related allowance recorded | 173 | 477 |
Related Allowance, Total | 173 | 477 |
Average Recorded Investment, With no related allowance recorded | 877 | |
Average Recorded Investment, With a related allowance recorded | 2,580 | 3,453 |
Average Recorded Investment, Total | 2,580 | 4,330 |
Acquired Loans [Member] | Commercial Non-Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Interest Income Recognized, With a related allowance recorded | 122 | |
Interest Income Recognized, Total | 122 | |
Related Allowance, With no related allowance recorded | 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 | |
Acquired Loans [Member] | Construction and Land Development [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Interest Income Recognized, With a related allowance recorded | 56 | |
Interest Income Recognized, Total | 56 | |
Related Allowance, With no related allowance recorded | 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 | |
Acquired Loans [Member] | Commercial Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Recorded Investment, With a related allowance recorded | 2,507 | 2,691 |
Recorded Investment, Total | 2,507 | 2,691 |
Interest Income Recognized, With a related allowance recorded | 75 | |
Unpaid Principal Balance, With a related allowance recorded | 2,522 | 2,720 |
Interest Income Recognized, Total | 75 | |
Unpaid Principal Balance, Total | 2,522 | 2,720 |
Related Allowance, With no related allowance recorded | 0 | |
Related Allowance, With a related allowance recorded | 173 | 477 |
Related Allowance, Total | 173 | 477 |
Average Recorded Investment, With no related allowance recorded | 311 | |
Average Recorded Investment, With a related allowance recorded | 2,580 | 1,357 |
Average Recorded Investment, Total | $ 2,580 | 1,668 |
Acquired Loans [Member] | Residential Mortgages [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Related Allowance, With no related allowance recorded | 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 |
Loans and Allowance for Loan 49
Loans and Allowance for Loan Losses - Summary of Age Analysis of Past Due Loans (Detail) - USD ($) $ in Thousands | Sep. 30, 2015 | Dec. 31, 2014 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total FDIC acquired loans | $ 214,844 | $ 252,409 |
Total loans | 14,763,050 | 13,895,276 |
Total past due | 127,848 | |
Current | 14,635,202 | |
Recorded investment > 90 days and accruing | 5,876 | |
30-59 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total past due | 66,916 | |
60-89 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total past due | 17,982 | |
Greater Than 90 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total past due | 42,950 | |
Commercial Non-Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total FDIC acquired loans | 5,699 | 6,195 |
Total loans | 6,345,994 | 6,044,060 |
Total past due | 29,374 | |
Current | 6,316,620 | |
Recorded investment > 90 days and accruing | 878 | |
Commercial Non-Real Estate [Member] | 30-59 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total past due | 19,298 | |
Commercial Non-Real Estate [Member] | 60-89 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total past due | 3,271 | |
Commercial Non-Real Estate [Member] | Greater Than 90 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total past due | 6,805 | |
Construction and Land Development [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total FDIC acquired loans | 8,393 | 11,674 |
Total loans | 1,085,585 | 1,106,761 |
Total past due | 7,562 | |
Current | 1,078,023 | |
Recorded investment > 90 days and accruing | 1,700 | |
Construction and Land Development [Member] | 30-59 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total past due | 2,489 | |
Construction and Land Development [Member] | 60-89 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total past due | 602 | |
Construction and Land Development [Member] | Greater Than 90 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total past due | 4,471 | |
Commercial Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total FDIC acquired loans | 18,136 | 27,808 |
Total loans | 3,327,386 | 3,144,048 |
Total past due | 27,301 | |
Current | 3,300,085 | |
Recorded investment > 90 days and accruing | 1,902 | |
Commercial Real Estate [Member] | 30-59 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total past due | 6,567 | |
Commercial Real Estate [Member] | 60-89 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total past due | 4,000 | |
Commercial Real Estate [Member] | Greater Than 90 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total past due | 16,734 | |
Residential Mortgages [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total FDIC acquired loans | 169,214 | 187,033 |
Total loans | 2,013,789 | 1,894,181 |
Total past due | 39,813 | |
Current | 1,973,976 | |
Recorded investment > 90 days and accruing | 46 | |
Residential Mortgages [Member] | 30-59 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total past due | 25,525 | |
Residential Mortgages [Member] | 60-89 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total past due | 4,619 | |
Residential Mortgages [Member] | Greater Than 90 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total past due | 9,669 | |
Consumer [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total FDIC acquired loans | 13,402 | 19,699 |
Total loans | 1,990,296 | 1,706,226 |
Total past due | 23,798 | |
Current | 1,966,498 | |
Recorded investment > 90 days and accruing | 1,350 | |
Consumer [Member] | 30-59 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total past due | 13,037 | |
Consumer [Member] | 60-89 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total past due | 5,490 | |
Consumer [Member] | Greater Than 90 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total past due | 5,271 | |
Originated Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans | 14,078,187 | 12,810,199 |
Total past due | 126,231 | |
Current | 13,951,956 | |
Recorded investment > 90 days and accruing | 5,747 | |
Originated Loans [Member] | 30-59 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total past due | 66,172 | |
Originated Loans [Member] | 60-89 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total past due | 17,554 | |
Originated Loans [Member] | Greater Than 90 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total past due | 42,505 | |
Originated Loans [Member] | Commercial Non-Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Commercial non-real estate | 6,232,310 | 5,917,728 |
Total past due | 29,374 | |
Current | 6,202,936 | |
Recorded investment > 90 days and accruing | 878 | |
Originated Loans [Member] | Commercial Non-Real Estate [Member] | 30-59 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total past due | 19,298 | |
Originated Loans [Member] | Commercial Non-Real Estate [Member] | 60-89 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total past due | 3,271 | |
Originated Loans [Member] | Commercial Non-Real Estate [Member] | Greater Than 90 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total past due | 6,805 | |
Originated Loans [Member] | Construction and Land Development [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Construction and land development | 1,068,895 | 1,073,964 |
Total past due | 7,562 | |
Current | 1,061,333 | |
Recorded investment > 90 days and accruing | 1,700 | |
Originated Loans [Member] | Construction and Land Development [Member] | 30-59 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total past due | 2,489 | |
Originated Loans [Member] | Construction and Land Development [Member] | 60-89 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total past due | 602 | |
Originated Loans [Member] | Construction and Land Development [Member] | Greater Than 90 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total past due | 4,471 | |
Originated Loans [Member] | Commercial Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Commercial real estate | 2,956,354 | 2,428,195 |
Total past due | 25,684 | |
Current | 2,930,670 | |
Recorded investment > 90 days and accruing | 1,773 | |
Originated Loans [Member] | Commercial Real Estate [Member] | 30-59 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total past due | 5,823 | |
Originated Loans [Member] | Commercial Real Estate [Member] | 60-89 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total past due | 3,572 | |
Originated Loans [Member] | Commercial Real Estate [Member] | Greater Than 90 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total past due | 16,289 | |
Originated Loans [Member] | Residential Mortgages [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Residential mortgages | 1,843,756 | 1,704,770 |
Total past due | 39,813 | |
Current | 1,803,943 | |
Recorded investment > 90 days and accruing | 46 | |
Originated Loans [Member] | Residential Mortgages [Member] | 30-59 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total past due | 25,525 | |
Originated Loans [Member] | Residential Mortgages [Member] | 60-89 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total past due | 4,619 | |
Originated Loans [Member] | Residential Mortgages [Member] | Greater Than 90 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total past due | 9,669 | |
Originated Loans [Member] | Consumer [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Consumer | 1,976,872 | 1,685,542 |
Total past due | 23,798 | |
Current | 1,953,074 | |
Recorded investment > 90 days and accruing | 1,350 | |
Originated Loans [Member] | Consumer [Member] | 30-59 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total past due | 13,037 | |
Originated Loans [Member] | Consumer [Member] | 60-89 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total past due | 5,490 | |
Originated Loans [Member] | Consumer [Member] | Greater Than 90 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total past due | 5,271 | |
Acquired Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans | 470,019 | 832,668 |
Total past due | 1,617 | |
Current | 468,402 | |
Recorded investment > 90 days and accruing | 129 | |
Acquired Loans [Member] | 30-59 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total past due | 744 | |
Acquired Loans [Member] | 60-89 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total past due | 428 | |
Acquired Loans [Member] | Greater Than 90 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total past due | 445 | |
Acquired Loans [Member] | Commercial Non-Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Commercial non-real estate | 107,985 | 120,137 |
Current | 107,985 | |
Acquired Loans [Member] | Construction and Land Development [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Construction and land development | 8,297 | 21,123 |
Current | 8,297 | |
Acquired Loans [Member] | Commercial Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Commercial real estate | 352,896 | 688,045 |
Total past due | 1,617 | |
Current | 351,279 | |
Recorded investment > 90 days and accruing | 129 | |
Acquired Loans [Member] | Commercial Real Estate [Member] | 30-59 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total past due | 744 | |
Acquired Loans [Member] | Commercial Real Estate [Member] | 60-89 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total past due | 428 | |
Acquired Loans [Member] | Commercial Real Estate [Member] | Greater Than 90 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total past due | 445 | |
Acquired Loans [Member] | Residential Mortgages [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Residential mortgages | 819 | 2,378 |
Current | 819 | |
Acquired Loans [Member] | Consumer [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Consumer | 22 | $ 985 |
Current | 22 | |
FDIC Acquired Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Current | 214,844 | |
FDIC Acquired Loans [Member] | Commercial Non-Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Current | 5,699 | |
FDIC Acquired Loans [Member] | Construction and Land Development [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Current | 8,393 | |
FDIC Acquired Loans [Member] | Commercial Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Current | 18,136 | |
FDIC Acquired Loans [Member] | Residential Mortgages [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Current | 169,214 | |
FDIC Acquired Loans [Member] | Consumer [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Current | $ 13,402 |
Loans and Allowance for Loan 50
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 ($) $ in Thousands | Sep. 30, 2015 | Dec. 31, 2014 |
Construction Credit Exposure [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | $ 1,085,585 | $ 1,106,761 |
Commercial Non Real Estate Credit Exposure [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 6,345,994 | 6,044,060 |
Commercial Real Estate Credit Exposure [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 3,327,386 | 3,144,048 |
Originated Loans [Member] | Construction Credit Exposure [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 1,068,895 | 1,073,964 |
Originated Loans [Member] | Commercial Non Real Estate Credit Exposure [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 6,232,310 | 5,917,728 |
Originated Loans [Member] | Commercial Real Estate Credit Exposure [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 2,956,354 | 2,428,195 |
Acquired Loans [Member] | Construction Credit Exposure [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 8,297 | 21,123 |
Acquired Loans [Member] | Commercial Non Real Estate Credit Exposure [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 107,985 | 120,137 |
Acquired Loans [Member] | Commercial Real Estate Credit Exposure [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 352,896 | 688,045 |
FDIC Acquired Loans [Member] | Construction Credit Exposure [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 8,393 | 11,674 |
FDIC Acquired Loans [Member] | Commercial Non Real Estate Credit Exposure [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 5,699 | 6,195 |
FDIC Acquired Loans [Member] | Commercial Real Estate Credit Exposure [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 18,136 | 27,808 |
Pass [Member] | Construction Credit Exposure [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 1,024,203 | 1,028,973 |
Pass [Member] | Commercial Non Real Estate Credit Exposure [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 5,634,606 | 5,691,701 |
Pass [Member] | Commercial Real Estate Credit Exposure [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 3,101,979 | 2,887,496 |
Pass [Member] | Originated Loans [Member] | Construction Credit Exposure [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 1,020,611 | 1,012,128 |
Pass [Member] | Originated Loans [Member] | Commercial Non Real Estate Credit Exposure [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 5,531,569 | 5,577,827 |
Pass [Member] | Originated Loans [Member] | Commercial Real Estate Credit Exposure [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 2,769,860 | 2,241,391 |
Pass [Member] | Acquired Loans [Member] | Construction Credit Exposure [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 1,354 | 14,377 |
Pass [Member] | Acquired Loans [Member] | Commercial Non Real Estate Credit Exposure [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 100,836 | 111,847 |
Pass [Member] | Acquired Loans [Member] | Commercial Real Estate Credit Exposure [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 328,821 | 641,966 |
Pass [Member] | FDIC Acquired Loans [Member] | Construction Credit Exposure [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 2,238 | 2,468 |
Pass [Member] | FDIC Acquired Loans [Member] | Commercial Non Real Estate Credit Exposure [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 2,201 | 2,027 |
Pass [Member] | FDIC Acquired Loans [Member] | Commercial Real Estate Credit Exposure [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 3,298 | 4,139 |
Pass-Watch [Member] | Construction Credit Exposure [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 6,309 | 22,480 |
Pass-Watch [Member] | Commercial Non Real Estate Credit Exposure [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 135,819 | 176,577 |
Pass-Watch [Member] | Commercial Real Estate Credit Exposure [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 49,176 | 77,278 |
Pass-Watch [Member] | Originated Loans [Member] | Construction Credit Exposure [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 3,038 | 21,516 |
Pass-Watch [Member] | Originated Loans [Member] | Commercial Non Real Estate Credit Exposure [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 134,860 | 174,742 |
Pass-Watch [Member] | Originated Loans [Member] | Commercial Real Estate Credit Exposure [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 41,344 | 61,589 |
Pass-Watch [Member] | Acquired Loans [Member] | Construction Credit Exposure [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 2,324 | 432 |
Pass-Watch [Member] | Acquired Loans [Member] | Commercial Non Real Estate Credit Exposure [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 76 | 715 |
Pass-Watch [Member] | Acquired Loans [Member] | Commercial Real Estate Credit Exposure [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 5,247 | 11,142 |
Pass-Watch [Member] | FDIC Acquired Loans [Member] | Construction Credit Exposure [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 947 | 532 |
Pass-Watch [Member] | FDIC Acquired Loans [Member] | Commercial Non Real Estate Credit Exposure [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 883 | 1,120 |
Pass-Watch [Member] | FDIC Acquired Loans [Member] | Commercial Real Estate Credit Exposure [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 2,585 | 4,547 |
Special Mention [Member] | Construction Credit Exposure [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 11,898 | 7,545 |
Special Mention [Member] | Commercial Non Real Estate Credit Exposure [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 225,556 | 53,312 |
Special Mention [Member] | Commercial Real Estate Credit Exposure [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 49,480 | 30,975 |
Special Mention [Member] | Originated Loans [Member] | Construction Credit Exposure [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 11,612 | 7,097 |
Special Mention [Member] | Originated Loans [Member] | Commercial Non Real Estate Credit Exposure [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 225,228 | 52,962 |
Special Mention [Member] | Originated Loans [Member] | Commercial Real Estate Credit Exposure [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 42,674 | 21,543 |
Special Mention [Member] | Acquired Loans [Member] | Construction Credit Exposure [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 129 | |
Special Mention [Member] | Acquired Loans [Member] | Commercial Non Real Estate Credit Exposure [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 328 | 350 |
Special Mention [Member] | Acquired Loans [Member] | Commercial Real Estate Credit Exposure [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 5,373 | 8,113 |
Special Mention [Member] | FDIC Acquired Loans [Member] | Construction Credit Exposure [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 286 | 319 |
Special Mention [Member] | FDIC Acquired Loans [Member] | Commercial Real Estate Credit Exposure [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 1,433 | 1,319 |
Substandard [Member] | Construction Credit Exposure [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 43,175 | 47,763 |
Substandard [Member] | Commercial Non Real Estate Credit Exposure [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 349,978 | 122,395 |
Substandard [Member] | Commercial Real Estate Credit Exposure [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 126,734 | 148,278 |
Substandard [Member] | Originated Loans [Member] | Construction Credit Exposure [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 33,634 | 33,223 |
Substandard [Member] | Originated Loans [Member] | Commercial Non Real Estate Credit Exposure [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 340,618 | 112,153 |
Substandard [Member] | Originated Loans [Member] | Commercial Real Estate Credit Exposure [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 102,459 | 103,651 |
Substandard [Member] | Acquired Loans [Member] | Construction Credit Exposure [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 4,619 | 6,185 |
Substandard [Member] | Acquired Loans [Member] | Commercial Non Real Estate Credit Exposure [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 6,745 | 7,225 |
Substandard [Member] | Acquired Loans [Member] | Commercial Real Estate Credit Exposure [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 13,455 | 26,824 |
Substandard [Member] | FDIC Acquired Loans [Member] | Construction Credit Exposure [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 4,922 | 8,355 |
Substandard [Member] | FDIC Acquired Loans [Member] | Commercial Non Real Estate Credit Exposure [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 2,615 | 3,017 |
Substandard [Member] | FDIC Acquired Loans [Member] | Commercial Real Estate Credit Exposure [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 10,820 | 17,803 |
Doubtful [Member] | Commercial Non Real Estate Credit Exposure [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 35 | 75 |
Doubtful [Member] | Commercial Real Estate Credit Exposure [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 17 | 21 |
Doubtful [Member] | Originated Loans [Member] | Commercial Non Real Estate Credit Exposure [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | 35 | 44 |
Doubtful [Member] | Originated Loans [Member] | Commercial Real Estate Credit Exposure [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | $ 17 | 21 |
Doubtful [Member] | FDIC Acquired Loans [Member] | Commercial Non Real Estate Credit Exposure [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile by internally assigned grade | $ 31 |
Loans and Allowance for Loan 51
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 ($) $ in Thousands | Sep. 30, 2015 | Dec. 31, 2014 |
Residential Mortgages [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Credit risk profile based on payment activity and accrual status | $ 2,013,789 | $ 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 | 1,991,992 | 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 | 21,797 | 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 | 1,843,756 | 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 | 1,821,959 | 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 | 21,797 | 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 | 819 | 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 | 819 | 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 | 169,214 | 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 | 169,214 | 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 | 1,990,296 | 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 | 1,982,108 | 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 | 8,188 | 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 | 1,976,872 | 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 | 1,968,684 | 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 | 8,188 | 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 | 22 | 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 | 22 | 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 | 13,402 | 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 | $ 13,402 | 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 |
Loans and Allowance for Loan 52
Loans and Allowance for Loan Losses - Changes in Carrying Amount of Acquired Loans and Accretable Yield for Loans Receivable (Detail) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended |
Sep. 30, 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 | (47,732) | (125,388) |
Carrying Amount of Loans, Accretion | 10,167 | 19,131 |
Carrying Amount of Loans, Balance at end of period | 214,844 | 252,409 |
Accretable Yield, Balance at beginning of period | 112,788 | 122,715 |
Accretable Yield, Payments received, net | (395) | (1,071) |
Accretable Yield, Accretion | (10,167) | (19,131) |
Accretable Yield, Decrease in expected cash flows based on actual cash flows and changes in cash flow assumptions | (1,385) | (1,137) |
Net transfers from nonaccretable difference to accretable yield | (2,485) | 11,412 |
Accretable Yield, Balance at end of period | 98,356 | 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 | (38,243) | (50,178) |
Carrying Amount of Loans, Accretion | 12,028 | 43,379 |
Carrying Amount of Loans, Balance at end of period | 35,061 | 61,276 |
Accretable Yield, Balance at beginning of period | 74,668 | 131,370 |
Accretable Yield, Payments received, net | (14,256) | (32,855) |
Accretable Yield, Accretion | (12,028) | (43,379) |
Accretable Yield, Decrease in expected cash flows based on actual cash flows and changes in cash flow assumptions | (627) | (203) |
Net transfers from nonaccretable difference to accretable yield | (466) | 19,735 |
Accretable Yield, Balance at end of period | $ 47,291 | $ 74,668 |
Securities Sold under Agreeme53
Securities Sold under Agreements to Repurchase - Additional Information (Detail) - USD ($) $ in Thousands | Sep. 30, 2015 | Dec. 31, 2014 |
Banking and Thrift [Abstract] | ||
Securities sold under agreements to repurchase | $ 438,982 | $ 624,573 |
Long-Term Debt - Long-Term Debt
Long-Term Debt - Long-Term Debt (Detail) - USD ($) $ in Thousands | Sep. 30, 2015 | Mar. 09, 2015 | Dec. 31, 2014 |
Debt Instrument [Line Items] | |||
Other long-term debt | $ 125,966 | $ 126,760 | |
Total long-term debt | 497,177 | 374,371 | |
Term Note Payable Maturing December 2015 [Member] | |||
Debt Instrument [Line Items] | |||
Term note payable | 123,200 | 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 |
Long-Term Debt - Long-Term De55
Long-Term Debt - Long-Term Debt (Parenthetical) (Detail) - Subordinated Debt [Member] | 9 Months Ended |
Sep. 30, 2015 | |
Subordinated Notes Payable Maturing June 2045 [Member] | |
Debt Instrument [Line Items] | |
Subordinated notes payable maturity date | Jun. 15, 2045 |
Subordinated Notes Payable Maturing April 2017 [Member] | |
Debt Instrument [Line Items] | |
Subordinated notes payable maturity date | Apr. 1, 2017 |
Long-Term Debt - Additional Inf
Long-Term Debt - Additional Information (Detail) - USD ($) $ in Thousands | Mar. 09, 2015 | Dec. 21, 2012 | Sep. 30, 2015 | Dec. 31, 2014 |
Debt Instrument [Line Items] | ||||
Other long term debt maturity date, ending period | 2,053 | |||
Expected compliance period | 7 years | |||
Subordinated Debt [Member] | ||||
Debt Instrument [Line Items] | ||||
Subordinated notes interest rate | 5.875% | |||
Qualified percentage of subordinated notes in regulatory capital | 20.00% | |||
Subordinated Notes Payable Maturing June 2045 [Member] | Subordinated Debt [Member] | ||||
Debt Instrument [Line Items] | ||||
Sale of aggregate principal amount of subordinated notes | $ 150,000 | $ 150,000 | ||
Subordinated notes payable maturity date | Jun. 15, 2045 | |||
Subordinated notes interest rate | 5.95% | |||
Subordinated Notes Payable Maturing April 2017 [Member] | Subordinated Debt [Member] | ||||
Debt Instrument [Line Items] | ||||
Sale of aggregate principal amount of subordinated notes | $ 98,011 | $ 98,011 | ||
Subordinated notes payable maturity date | Apr. 1, 2017 | |||
Three Year Term Loan [Member] | ||||
Debt Instrument [Line Items] | ||||
Term note payable | $ 220,000 | |||
Term loan agreement period | 3 years | |||
Additional borrowings | $ 50,000 | |||
Reference rate for loan variable rate | LIBOR | |||
Percentage points added to reference rate | 1.875% | |||
Debt instrument term loan facility maturity date | Dec. 21, 2015 | |||
Principal payment of term loan | $ 8,800 |
Fair Value - Schedule of Financ
Fair Value - Schedule of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands | Sep. 30, 2015 | Dec. 31, 2014 |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ||
Available for sale debt securities | $ 2,166,111 | |
Available for sale equity securities | 2,726 | $ 9,553 |
Available for sale securities | 2,168,837 | 1,660,165 |
Derivative assets | 31,399 | 19,432 |
Total recurring fair value measurements - assets | 2,200,236 | 1,679,597 |
Derivative liabilities | 30,908 | 20,860 |
Total recurring fair value measurements - liabilities | 30,908 | 20,860 |
Municipal Obligations [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ||
Available for sale debt securities | 15,952 | 14,176 |
Available for sale securities | 15,952 | 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 | 143 | 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 | 1,841,369 | 1,245,564 |
Collateralized Mortgage Obligations [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ||
Available for sale debt securities | 305,147 | 86,864 |
Level 1 [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ||
Available for sale equity securities | 2,726 | 9,553 |
Available for sale securities | 2,726 | 9,553 |
Total recurring fair value measurements - assets | 2,726 | 9,553 |
Level 2 [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ||
Available for sale securities | 2,166,111 | 1,650,612 |
Derivative assets | 31,399 | 19,432 |
Total recurring fair value measurements - assets | 2,197,510 | 1,670,044 |
Derivative liabilities | 30,908 | 20,860 |
Total recurring fair value measurements - liabilities | 30,908 | 20,860 |
Level 2 [Member] | Municipal Obligations [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ||
Available for sale debt securities | 15,952 | 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 | 143 | 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 | 1,841,369 | 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 | $ 305,147 | $ 86,864 |
Fair Value - Additional Informa
Fair Value - Additional Information (Detail) | 9 Months Ended |
Sep. 30, 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 Fina59
Fair Value - Schedule of Financial Assets Measured at Fair Value on Nonrecurring Basis (Detail) - USD ($) $ in Thousands | Sep. 30, 2015 | Dec. 31, 2014 |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ||
Collateral-dependent impaired loans | $ 98,019 | $ 30,204 |
Other real estate owned | 21,778 | 29,715 |
Total nonrecurring fair value measurements | 119,797 | 59,919 |
Level 2 [Member] | ||
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ||
Collateral-dependent impaired loans | 98,019 | 30,204 |
Total nonrecurring fair value measurements | 98,019 | 30,204 |
Level 3 [Member] | ||
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ||
Other real estate owned | 21,778 | 29,715 |
Total nonrecurring fair value measurements | $ 21,778 | $ 29,715 |
Fair Value - Schedule of Estima
Fair Value - Schedule of Estimated Fair Values of Financial Instruments (Detail) - USD ($) $ in Thousands | Sep. 30, 2015 | Dec. 31, 2014 |
Available for sale securities | $ 2,168,837 | $ 1,660,165 |
Held to maturity securities | 2,380,085 | 2,166,289 |
Loans, net | 14,623,474 | 13,766,514 |
Loans held for sale | 19,764 | 20,252 |
Derivative financial instruments | 31,399 | 19,432 |
Deposits | 17,439,948 | 16,572,831 |
Securities sold under agreements to repurchase | 438,982 | 624,573 |
Long-term debt | 497,177 | 374,371 |
Derivative financial instruments | 30,908 | 20,860 |
Level 1 [Member] | ||
Cash, interest-bearing bank deposits, and federal funds sold | 518,157 | 1,159,403 |
Available for sale securities | 2,726 | 9,553 |
Federal funds purchased | 10,200 | 12,000 |
Securities sold under agreements to repurchase | 438,982 | 624,573 |
FHLB borrowings | 600,000 | 515,000 |
Level 2 [Member] | ||
Available for sale securities | 2,166,111 | 1,650,612 |
Held to maturity securities | 2,414,682 | 2,186,340 |
Loans, net | 98,019 | 30,204 |
Loans held for sale | 19,764 | 20,252 |
Derivative financial instruments | 31,399 | 19,432 |
Long-term debt | 504,475 | 346,379 |
Derivative financial instruments | 30,908 | 20,860 |
Level 3 [Member] | ||
Loans, net | 14,558,423 | 13,672,427 |
Deposits | 17,423,721 | 16,398,878 |
Total Fair Value [Member] | ||
Cash, interest-bearing bank deposits, and federal funds sold | 518,157 | 1,159,403 |
Available for sale securities | 2,168,837 | 1,660,165 |
Held to maturity securities | 2,414,682 | 2,186,340 |
Loans, net | 14,656,442 | 13,702,631 |
Loans held for sale | 19,764 | 20,252 |
Derivative financial instruments | 31,399 | 19,432 |
Deposits | 17,423,721 | 16,398,878 |
Federal funds purchased | 10,200 | 12,000 |
Securities sold under agreements to repurchase | 438,982 | 624,573 |
FHLB borrowings | 600,000 | 515,000 |
Long-term debt | 504,475 | 346,379 |
Derivative financial instruments | 30,908 | 20,860 |
Carrying Amount [Member] | ||
Cash, interest-bearing bank deposits, and federal funds sold | 518,157 | 1,159,403 |
Available for sale securities | 2,168,837 | 1,660,165 |
Held to maturity securities | 2,380,085 | 2,166,289 |
Loans, net | 14,623,474 | 13,766,514 |
Loans held for sale | 19,764 | 20,252 |
Derivative financial instruments | 31,399 | 19,432 |
Deposits | 17,439,948 | 16,572,831 |
Federal funds purchased | 10,200 | 12,000 |
Securities sold under agreements to repurchase | 438,982 | 624,573 |
FHLB borrowings | 600,000 | 515,000 |
Long-term debt | 497,177 | 374,371 |
Derivative financial instruments | $ 30,908 | $ 20,860 |
Derivatives - Fair Values of De
Derivatives - Fair Values of Derivative Instruments on Balance Sheet (Detail) - USD ($) $ in Thousands | Sep. 30, 2015 | Dec. 31, 2014 |
Derivatives, Fair Value [Line Items] | ||
Derivative Fair Value Of Asset | $ 31,399 | $ 19,432 |
Derivative Fair Value Of Liability | 30,908 | 20,860 |
Derivatives Designated as Hedging Instruments [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Notional Amount | 500,000 | 300,000 |
Derivative Fair Value Of Asset | 1,419 | |
Derivative Fair Value Of Liability | 592 | |
Derivatives Designated as Hedging Instruments [Member] | Interest Rate Swaps [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Notional Amount | 500,000 | 300,000 |
Derivative Fair Value Of Asset | 1,419 | |
Derivative Fair Value Of Liability | 592 | |
Derivatives Not Designated as Hedging Instruments [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Notional Amount | 939,023 | 1,002,930 |
Derivative Fair Value Of Asset | 29,980 | 19,432 |
Derivative Fair Value Of Liability | 30,908 | 20,268 |
Derivatives Not Designated as Hedging Instruments [Member] | Interest Rate Swaps [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Notional Amount | 728,674 | 747,754 |
Derivative Fair Value Of Asset | 26,621 | 17,806 |
Derivative Fair Value Of Liability | 27,362 | 18,419 |
Derivatives Not Designated as Hedging Instruments [Member] | Risk Participation Agreements [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Notional Amount | 87,184 | 80,438 |
Derivative Fair Value Of Asset | 107 | 125 |
Derivative Fair Value Of Liability | 206 | 208 |
Derivatives Not Designated as Hedging Instruments [Member] | Forward Commitments to Sell Residential Mortgage Loans [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Notional Amount | 38,817 | 52,238 |
Derivative Fair Value Of Asset | 100 | 80 |
Derivative Fair Value Of Liability | 329 | 250 |
Derivatives Not Designated as Hedging Instruments [Member] | Interest Rate-Lock Commitments on Residential Mortgage Loans [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Notional Amount | 22,127 | 33,068 |
Derivative Fair Value Of Asset | 161 | 111 |
Derivative Fair Value Of Liability | 45 | 44 |
Derivatives Not Designated as Hedging Instruments [Member] | Foreign Exchange Forward Contracts [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Notional Amount | 62,221 | 89,432 |
Derivative Fair Value Of Asset | 2,991 | 1,310 |
Derivative Fair Value Of Liability | $ 2,966 | $ 1,347 |
Derivatives - Additional Inform
Derivatives - Additional Information (Detail) $ in Millions | 9 Months Ended |
Sep. 30, 2015USD ($)Agreement | |
Derivative [Line Items] | |
Termination value of derivatives in a net liability position | $ 12.8 |
Collateral obligations for derivative counterparties | $ 28.9 |
Interest Rate Swaps [Member] | |
Derivative [Line Items] | |
Number of interest rate swap agreements | Agreement | 2 |
Interest Rate Swaps [Member] | $300 Million Swap Agreement [Member] | |
Derivative [Line Items] | |
Notional amount of derivatives | $ 300 |
Variable rate term loan agreement maturity | January 2,017 |
Interest Rate Swaps [Member] | $200 Million Swap Agreement [Member] | |
Derivative [Line Items] | |
Notional amount of derivatives | $ 200 |
Variable rate term loan agreement maturity | June 2,017 |
Derivatives - Offsetting Deriva
Derivatives - Offsetting Derivative Assets and Liabilities (Detail) - USD ($) $ in Thousands | Sep. 30, 2015 | Dec. 31, 2014 |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ||
Gross Amounts Recognized, Derivative Assets | $ 26,728 | $ 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 | 26,728 | 17,931 |
Gross Amounts Not Offset in the Statement of Financial Position - Financial Instruments, Derivative Assets | 118 | 936 |
Gross Amounts Not offset in the Statement of Financial Position -Cash Collateral, Derivative Assets | 0 | 0 |
Net Amount, Derivative Assets | 26,610 | 16,995 |
Gross Amounts Recognized, Derivative Liabilities | 27,568 | 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 | 27,568 | 18,627 |
Gross Amounts Not Offset in the Statement of Financial Position - Financial Instruments, Derivative Liabilities | 118 | 936 |
Gross Amounts Not offset in the Statement of Financial Position -Cash Collateral, Derivative Liabilities | 28,796 | 17,343 |
Net Amount, Derivative Liabilities | $ (1,346) | $ 348 |
Stockholders' Equity - Addition
Stockholders' Equity - Additional Information (Detail) - $ / shares | Aug. 28, 2015 | Jul. 16, 2014 | Sep. 30, 2015 |
Stockholders' Equity Note [Abstract] | |||
Shares authorized for repurchase | 5.00% | 5.00% | |
Number of shares authorized for repurchase | 3,900,000 | 4,100,000 | |
Repurchased common stock shares | 4,100,000 | 568,279 | |
Shares repurchased, price per share | $ 30.02 | $ 27.39 |
Stockholders' Equity - Componen
Stockholders' Equity - Components of Accumulated Other Comprehensive Income (Loss) (Detail) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Accumulated other comprehensive income (loss), Beginning balance | $ (50,074) | $ (35,379) | ||
Net change in unrealized gain | $ 15,131 | $ (6,293) | 2,174 | 9,119 |
Reclassification of net (gain) losses realized and included in earnings | 2,208 | 293 | ||
Valuation adjustment for employee benefit plans | 4,963 | (104) | (959) | 1,902 |
Amortization of unrealized net loss on securities transferred to HTM | 1,023 | 892 | 2,609 | 2,463 |
Income tax (benefit) expense | 8,002 | (2,005) | 2,125 | 5,091 |
Accumulated other comprehensive income (loss), Ending balance | (46,167) | (26,693) | (46,167) | (26,693) |
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 gain | 163 | 9,119 | ||
Reclassification of net (gain) losses realized and included in earnings | (165) | |||
Income tax (benefit) expense | (73) | 3,309 | ||
Accumulated other comprehensive income (loss), Ending balance | 18,072 | 14,073 | 18,072 | 14,073 |
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 | 2,609 | 2,463 | ||
Income tax (benefit) expense | 953 | 879 | ||
Accumulated other comprehensive income (loss), Ending balance | (17,418) | (19,605) | (17,418) | (19,605) |
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 (gain) losses realized and included in earnings | 2,373 | 293 | ||
Valuation adjustment for employee benefit plans | (959) | 1,902 | ||
Income tax (benefit) expense | 513 | 903 | ||
Accumulated other comprehensive income (loss), Ending balance | (47,725) | $ (21,161) | (47,725) | $ (21,161) |
Gains and Losses on Cash Flow Hedges [Member] | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Accumulated other comprehensive income (loss), Beginning balance | (375) | |||
Net change in unrealized gain | 2,011 | |||
Income tax (benefit) expense | 732 | |||
Accumulated other comprehensive income (loss), Ending balance | $ 904 | $ 904 |
Stockholders' Equity - Summary
Stockholders' Equity - Summary of Line Items in Consolidated Income Statements Affected by Amounts Reclassified from Accumulated Other Comprehensive Income (Detail) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | |
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||||
Tax effect | $ (14,602) | $ (16,382) | $ (41,789) | $ (52,248) |
Net income | $ 41,166 | $ 46,553 | 116,154 | 135,630 |
Amount Reclassified from Accumulated Other Comprehensive Income [Member] | ||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||||
Net income | (3,091) | (1,774) | ||
Amount Reclassified from Accumulated Other Comprehensive Income [Member] | Available for Sale Securities [Member] | ||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||||
Gain on sale of AFS securities | 165 | |||
Tax effect | (58) | |||
Net income | 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 of unrealized net loss on securities transferred to HTM | (2,609) | (2,463) | ||
Tax effect | 953 | 879 | ||
Net income | (1,656) | (1,584) | ||
Amount Reclassified from Accumulated Other Comprehensive Income [Member] | Employee Benefit Plans [Member] | ||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||||
Amortization of defined benefit pension and post-retirement items | (2,373) | (293) | ||
Tax effect | 831 | 103 | ||
Net income | $ (1,542) | $ (190) |
Earnings Per Share - Computatio
Earnings Per Share - Computation of Earnings Per Common Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | |
Numerator: | ||||
Net income to common shareholders | $ 41,166 | $ 46,553 | $ 116,154 | $ 135,630 |
Net income allocated to participating securities - basic and diluted | 840 | 883 | 2,541 | 2,783 |
Net income allocated to common shareholders - basic and diluted | $ 40,326 | $ 45,670 | $ 113,613 | $ 132,847 |
Denominator: | ||||
Weighted-average common shares - basic | 77,928 | 81,721 | 78,452 | 81,965 |
Dilutive potential common shares | 147 | 221 | 157 | 239 |
Weighted-average common shares - diluted | 78,075 | 81,942 | 78,609 | 82,204 |
Earnings per common share: | ||||
Basic | $ 0.52 | $ 0.56 | $ 1.45 | $ 1.62 |
Diluted | $ 0.52 | $ 0.56 | $ 1.45 | $ 1.62 |
Earnings Per Share - Additional
Earnings Per Share - Additional Information (Detail) - shares | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | |
Earnings Per Share [Abstract] | ||||
Weighted-average anti-dilutive potential common shares | 761,113 | 569,404 | 815,765 | 639,486 |
Share-Based Payment Arrangeme69
Share-Based Payment Arrangements - Schedule of Option Activity Under Stock Option Plans (Detail) $ / shares in Units, $ in Thousands | 9 Months Ended |
Sep. 30, 2015USD ($)$ / sharesshares | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |
Number of Shares, Outstanding at Beginning | shares | 933,750 |
Number of Shares, Exercised | shares | (11,577) |
Number of Shares, Cancelled/Forfeited | shares | (56,987) |
Number of Shares, Expired | shares | (111,424) |
Number of Shares, Outstanding at Ending | shares | 753,762 |
Number of Shares, Exercisable at Ending | shares | 635,712 |
Weighted- Average Exercise Price, Outstanding at Beginning | $ 37.03 |
Weighted- Average Exercise Price, Exercised | 29.94 |
Weighted- Average Exercise Price, Cancelled/Forfeited | 35.89 |
Weighted- Average Exercise Price, Expired | 34.79 |
Weighted- Average Exercise Price, Outstanding at Ending | 37.55 |
Weighted- Average Exercise Price, Exercisable at Ending | $ 38.90 |
Weighted-Average Remaining Contractual Term, Outstanding at Ending Balance (in years) | 3 years 10 months 24 days |
Weighted-Average Remaining Contractual Term, Exercisable at Ending Balance (in years) | 3 years 6 months |
Aggregate Intrinsic Value, Outstanding at Ending | $ | $ 0 |
Aggregate Intrinsic Value, Exercisable at Ending | $ | $ 0 |
Share-Based Payment Arrangeme70
Share-Based Payment Arrangements - Additional Information (Detail) $ / shares in Units, $ in Millions | 9 Months Ended | |
Sep. 30, 2015USD ($)Bank$ / sharesshares | Sep. 30, 2014USD ($) | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Intrinsic value of options exercised | $ 0.2 | $ 0.2 |
Unrecognized compensation cost | $ 32.2 | |
Weighted-average period in years | 3 years 1 month 6 days | |
Total fair value of shares vested | $ 7.6 | $ 10 |
Shareholder return period | 3 years | |
Number of peer group of regional banks | Bank | 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 | shares | 59,312 | |
Weighted average fair value of shares granted | $ / shares | $ 25.77 | |
Percentage of maximum number of shares earned of target award | 200.00% |
Share-Based Payment Arrangeme71
Share-Based Payment Arrangements - Schedule of Nonvested Restricted and Performance Shares (Detail) - Restricted Stock and Performance Shares [Member] | 9 Months Ended |
Sep. 30, 2015$ / sharesshares | |
Nonvested Share Activity [Line Items] | |
Number of Shares, Nonvested at Beginning | shares | 2,040,299 |
Number of Shares, Granted | shares | 106,833 |
Number of Shares, Vested | shares | (239,761) |
Number of Shares, Forfeited | shares | (143,884) |
Number of Shares, Nonvested at Ending | shares | 1,763,487 |
Weighted-Average Grant-Date Fair Value, Nonvested at Beginning | $ 32.27 |
Weighted-Average Grant-Date Fair Value, Granted | 27.40 |
Weighted-Average Grant-Date Fair Value, Vested | 31.93 |
Weighted-Average Grant-Date Fair Value, Cancelled/Forfeited | 32.64 |
Weighted-Average Grant-Date Fair Value, Nonvested at Ending | $ 31.99 |
Retirement Plans - Components o
Retirement Plans - Components of Net Periodic Benefits Cost (Detail) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | |
Pension Benefits [Member] | ||||
Defined Benefit Plan Net Periodic Benefit Cost [Line Items] | ||||
Service cost | $ 3,383 | $ 3,230 | $ 10,128 | $ 9,690 |
Interest cost | 4,672 | 4,812 | 13,963 | 14,438 |
Expected return on plan assets | (8,207) | (8,056) | (24,626) | (24,167) |
Amortization of net loss | 842 | 7 | 2,328 | 20 |
Net periodic benefit cost | 690 | (7) | 1,793 | (19) |
Other Post-retirement Benefits [Member] | ||||
Defined Benefit Plan Net Periodic Benefit Cost [Line Items] | ||||
Service cost | 23 | 31 | 95 | 94 |
Interest cost | 174 | 285 | 717 | 855 |
Amortization of net loss | (40) | 91 | 45 | 273 |
Net periodic benefit cost | $ 157 | $ 407 | $ 857 | $ 1,222 |
Retirement Plans - Additional I
Retirement Plans - Additional Information (Detail) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended |
Mar. 31, 2015 | Sep. 30, 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 - Comp
Other Noninterest Income - Components of Other Noninterest Income (Detail) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | |
Noninterest Income [Abstract] | ||||
Income from bank-owned life insurance | $ 2,451 | $ 2,377 | $ 7,788 | $ 7,048 |
Credit related fees | 2,718 | 2,822 | 7,786 | 8,388 |
Income from derivatives | 74 | 191 | 1,486 | 1,431 |
Net gain (loss) on sale of assets | 418 | (56) | 363 | 1,409 |
Safety deposit box income | 441 | 448 | 1,356 | 1,404 |
Other miscellaneous | 2,268 | 1,950 | 7,360 | 7,091 |
Total other noninterest income | $ 8,370 | $ 7,732 | $ 26,139 | $ 26,771 |
Other Noninterest Expense - Com
Other Noninterest Expense - Components of Other Noninterest Expense (Detail) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | |
Noninterest Expense [Abstract] | ||||
Advertising | $ 2,856 | $ 2,457 | $ 7,154 | $ 6,395 |
Ad valorem and franchise taxes | 2,868 | 3,098 | 8,319 | 8,397 |
Printing and supplies | 1,193 | 1,189 | 3,568 | 3,467 |
Insurance expense | 794 | 944 | 2,644 | 3,002 |
Travel expense | 1,419 | 1,009 | 3,946 | 2,966 |
Entertainment and contributions | 1,634 | 1,396 | 5,009 | 4,337 |
Tax credit investment amortization | 2,161 | 2,220 | 6,352 | 6,590 |
Other miscellaneous | 3,634 | 6,821 | 16,679 | 25,105 |
Total other noninterest expense | $ 16,559 | $ 19,134 | $ 53,671 | $ 60,259 |
Other Noninterest Expense - Add
Other Noninterest Expense - Additional Information (Detail) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | |
Nonoperating expense [Line Items] | ||||
Other miscellaneous expenses | $ 3,634 | $ 6,821 | $ 16,679 | $ 25,105 |
Other Miscellaneous Expense [Member] | ||||
Nonoperating expense [Line Items] | ||||
Other miscellaneous expenses | $ 0 | $ 1,100 | $ 2,700 | $ 8,400 |