Document_And_Entity_Informatio
Document And Entity Information | 9 Months Ended |
Sep. 30, 2014 | |
Entity Registrant Name | 'FIRST CITIZENS BANCSHARES INC /DE/ |
Entity Central Index Key | '0000798941 |
Current Fiscal Year End Date | '--12-31 |
Entity Filer Category | 'Large Accelerated Filer |
Document Type | '10-Q |
Document Period End Date | 30-Sep-14 |
Document Fiscal Year Focus | '2014 |
Document Fiscal Period Focus | 'Q3 |
Amendment Flag | 'false |
Class A Common Stock | ' |
Entity Common Stock, Shares Outstanding | 8,586,058 |
Class B Common Stock | ' |
Entity Common Stock, Shares Outstanding | 1,032,883 |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | |
In Thousands, unless otherwise specified | |||
Assets | ' | ' | |
Cash and due from banks | $400,993 | $533,599 | |
Overnight investments | 707,352 | 859,324 | |
Investment securities available for sale | 5,648,094 | 5,387,703 | |
Investment securities held to maturity | 607 | 907 | |
Loans held for sale | 43,612 | 47,271 | |
Loans and leases: | ' | ' | |
Acquired | 996,280 | 1,029,426 | |
Originated | 12,806,511 | 12,104,298 | |
Less allowance for loan and lease losses | -200,905 | -233,394 | |
Net loans and leases | 13,601,886 | 12,900,330 | |
Premises and equipment | 891,722 | 876,522 | |
Other real estate owned: | ' | ' | |
Other Real Estate, Covered | 29,272 | 47,081 | |
Other Real Estate, Non Covered | 43,186 | [1] | 36,898 |
Income earned not collected | 48,511 | 48,390 | |
FDIC Indemnification Asset | 45,140 | 93,397 | |
Goodwill | 127,140 | 102,625 | |
Other intangible assets | 3,291 | 1,247 | |
Other assets | 351,685 | 263,797 | |
Total assets | 21,942,491 | 21,199,091 | |
Liabilities | ' | ' | |
Noninterest-bearing | 5,844,786 | 5,241,817 | |
Interest-bearing | 12,562,155 | 12,632,249 | |
Total deposits | 18,406,941 | 17,874,066 | |
Short-term borrowings | 798,169 | 511,418 | |
Long-term obligations | 313,768 | 510,769 | |
FDIC loss share payable | 116,924 | 109,378 | |
Other liabilities | 139,982 | 116,785 | |
Total liabilities | 19,775,784 | 19,122,416 | |
Shareholders' Equity | ' | ' | |
Surplus | 143,766 | 143,766 | |
Retained earnings | 2,015,180 | 1,948,558 | |
Accumulated other comprehensive loss | -1,858 | -25,268 | |
Total shareholders' equity | 2,166,707 | 2,076,675 | |
Total liabilities and shareholders' equity | 21,942,491 | 21,199,091 | |
Class A Common Stock | ' | ' | |
Shareholders' Equity | ' | ' | |
Common stock | 8,586 | 8,586 | |
Class B Common Stock | ' | ' | |
Shareholders' Equity | ' | ' | |
Common stock | $1,033 | $1,033 | |
[1] | Noncovered additions include $11.6 million from the 1st Financial merger. |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parenthetical) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
Class A Common Stock | ' | ' |
Common stock, par value (in dollars per share) | $1 | $1 |
Common stock, shared authorized | 16,000,000 | 11,000,000 |
Common stock, shares issued | 8,586,058 | 8,586,058 |
Common stock, shares outstanding | 8,586,058 | 8,586,058 |
Class B Common Stock | ' | ' |
Common stock, par value (in dollars per share) | $1 | $1 |
Common stock, shared authorized | 2,000,000 | 2,000,000 |
Common stock, shares issued | 1,032,883 | 1,032,883 |
Common stock, shares outstanding | 1,032,883 | 1,032,883 |
Consolidated_Statements_of_Inc
Consolidated Statements of Income (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Interest income | ' | ' | ' | ' |
Loans and leases | $164,259 | $182,201 | $489,401 | $579,115 |
Investment securities: | ' | ' | ' | ' |
Total investment securities interest and dividend income | 12,707 | 9,696 | 36,902 | 26,299 |
Overnight investments | 655 | 737 | 2,023 | 1,750 |
Total interest income | 177,621 | 192,634 | 528,326 | 607,164 |
Interest expense | ' | ' | ' | ' |
Deposits | 5,703 | 7,923 | 18,534 | 27,233 |
Short-term borrowings | 2,694 | 744 | 4,830 | 2,128 |
Long-term obligations | 3,002 | 4,784 | 12,111 | 14,210 |
Total interest expense | 11,399 | 13,451 | 35,475 | 43,571 |
Net interest income | 166,222 | 179,183 | 492,851 | 563,593 |
Provision for loan and lease losses | 1,537 | -7,683 | -7,665 | -39,531 |
Net interest income after provision for loan and lease losses | 164,685 | 186,866 | 500,516 | 603,124 |
Noninterest income | ' | ' | ' | ' |
Cardholder services | 13,248 | 12,791 | 38,337 | 35,887 |
Merchant services | 15,556 | 14,887 | 44,112 | 42,619 |
Service charges on deposit accounts | 15,489 | 15,546 | 45,194 | 45,428 |
Wealth management services | 15,657 | 15,112 | 46,352 | 44,724 |
Fees and Commissions, Correspondent Clearing | 7,303 | 4,539 | 17,846 | 15,209 |
Other service charges and fees | 4,001 | 4,043 | 12,195 | 11,775 |
Mortgage income | 1,164 | 2,277 | 3,329 | 9,734 |
Insurance commissions | 2,422 | 2,772 | 7,962 | 8,146 |
ATM income | 1,199 | 1,316 | 3,661 | 3,798 |
Adjustments for FDIC receivable for loss share agreements | -4,386 | -23,298 | -32,030 | -61,790 |
Other | 5,737 | 21,933 | 16,995 | 38,896 |
Total noninterest income | 77,390 | 71,918 | 203,953 | 194,426 |
Noninterest expense | ' | ' | ' | ' |
Salaries and wages | 81,825 | 76,463 | 243,017 | 228,384 |
Employee benefits | 19,797 | 21,889 | 59,638 | 70,136 |
Occupancy expense | 20,265 | 18,844 | 60,975 | 56,117 |
Equipment expense | 18,767 | 18,822 | 57,121 | 56,466 |
FDIC insurance expense | 2,915 | 2,706 | 8,191 | 7,795 |
Foreclosure-related expenses | 4,838 | 4,287 | 13,787 | 12,059 |
Merger-related expenses | 1,505 | 0 | 7,352 | 0 |
Other | 51,898 | 49,132 | 141,779 | 144,108 |
Total noninterest expense | 201,810 | 192,143 | 591,860 | 575,065 |
Income before income taxes | 40,265 | 66,641 | 112,609 | 222,485 |
Income taxes | 13,902 | 25,659 | 37,330 | 82,012 |
Net income | $26,363 | $40,982 | $75,279 | $140,473 |
Average shares outstanding (in shares) | 9,618,941 | 9,618,941 | 9,618,941 | 9,618,955 |
Net income per share | $2.74 | $4.26 | $7.83 | $14.60 |
Consolidated_Statement_of_Comp
Consolidated Statement of Comprehensive Income (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Statement of Comprehensive Income [Abstract] | ' | ' | ' | ' |
Net income | $26,363 | $40,982 | $75,279 | $140,473 |
Unrealized gains and losses on securities: | ' | ' | ' | ' |
Change in unrealized securities gains (losses) arising during period | -11,444 | 3,470 | 32,006 | -36,998 |
Tax effect | 4,444 | -1,177 | -12,425 | 14,657 |
Total change in unrealized gains and losses on securities, net of tax | -7,000 | 2,293 | 19,581 | -22,341 |
Change in fair value of cash flow hedges: | ' | ' | ' | ' |
Change in unrecognized loss on cash flow hedges | 949 | 287 | 2,236 | 2,489 |
Tax effect | -367 | -186 | -863 | -1,055 |
Total change in unrecognized loss on cash flow hedges, net of tax | 582 | 101 | 1,373 | 1,434 |
Change in pension obligation: | ' | ' | ' | ' |
Reclassification adjustment for gains included in income before income taxes | 822 | 4,298 | 4,019 | 12,896 |
Tax effect | -319 | -2,061 | -1,563 | -5,428 |
Total change in pension obligation, net of tax | 503 | 2,237 | 2,456 | 7,468 |
Net current period other comprehensive (loss) income | -5,915 | 4,631 | 23,410 | -13,439 |
Total comprehensive income | $20,448 | $45,613 | $98,689 | $127,034 |
Consolidated_Statements_of_Cha
Consolidated Statements of Changes In Shareholders' Equity (USD $) | Total | Common Stock | Common Stock | Surplus | Retained Earnings | Accumulated Other Comprehensive Loss |
In Thousands, unless otherwise specified | Class A Common Stock | Class B Common Stock | ||||
Beginning balance at Dec. 31, 2012 | $1,864,007 | $8,588 | $1,033 | $143,766 | $1,792,726 | ($82,106) |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' | ' | ' |
Net income | 140,473 | 0 | 0 | 0 | 140,473 | 0 |
Net current period other comprehensive income | -13,439 | 0 | 0 | 0 | 0 | -13,439 |
Repurchase of common stock shares | -321 | -2 | ' | ' | -319 | ' |
Cash dividends | -8,663 | 0 | 0 | 0 | -8,663 | 0 |
Ending balance at Sep. 30, 2013 | 1,982,057 | 8,586 | 1,033 | 143,766 | 1,924,217 | -95,545 |
Beginning balance at Dec. 31, 2013 | 2,076,675 | 8,586 | 1,033 | 143,766 | 1,948,558 | -25,268 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' | ' | ' |
Net income | 75,279 | 0 | 0 | 0 | ' | 0 |
Net current period other comprehensive income | 23,410 | 0 | 0 | 0 | 0 | ' |
Cash dividends | -8,657 | 0 | 0 | 0 | -8,657 | 0 |
Ending balance at Sep. 30, 2014 | $2,166,707 | $8,586 | $1,033 | $143,766 | $2,015,180 | ($1,858) |
Consolidated_Statements_of_Cha1
Consolidated Statements of Changes In Shareholders' Equity (Parenthetical) (USD $) | 9 Months Ended | |
Sep. 30, 2014 | Sep. 30, 2013 | |
Statement of Stockholders' Equity [Abstract] | ' | ' |
Cash dividends (in dollars per share) | ' | 0.6 |
Class A Common Stock | ' | ' |
Statement of Stockholders' Equity [Abstract] | ' | ' |
Repurchase of common stock (in shares) | 0 | 1,973 |
Class B Common Stock | ' | ' |
Statement of Stockholders' Equity [Abstract] | ' | ' |
Repurchase of common stock (in shares) | 0 | 0 |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 |
OPERATING ACTIVITIES | ' | ' |
Net income | $75,279 | $140,473 |
Adjustments to reconcile net income to cash provided by operating activities: | ' | ' |
Provision for loan and lease losses | -7,665 | -39,531 |
Deferred tax expense (benefit) | -23,030 | -18,000 |
Change in current taxes payable | -24,716 | -37,737 |
Depreciation | 53,249 | 52,212 |
Change in accrued interest payable | -1,434 | -3,302 |
Change in income earned not collected | -121 | 1,556 |
Gain on sale of other assets | 0 | -4,085 |
Origination of loans held for sale | -198,134 | -323,665 |
Proceeds from sale of loans held for sale | 206,310 | 376,395 |
Gain on sale of loans | -3,334 | -9,451 |
Loss on sale of other real estate | 9,770 | 4,574 |
Net amortization of premiums and discounts | -35,342 | -96,091 |
FDIC receivable for loss share agreements | 16,708 | 58,802 |
FDIC payable for loss share agreements | 7,546 | 5,862 |
Net change in other assets | -34,872 | 107,757 |
Net change in other liabilities | 27,327 | 47,692 |
Net cash provided by operating activities | 67,541 | 263,461 |
INVESTING ACTIVITIES | ' | ' |
Net change in loans outstanding | -329,925 | 364,916 |
Purchases of investment securities available for sale | -1,999,666 | -1,940,198 |
Proceeds from maturities of investment securities held to maturity | 300 | 329 |
Proceeds from maturities of investment securities available for sale | 1,993,051 | 1,951,735 |
Net change in overnight investments | 151,972 | -910,951 |
Cash received from the FDIC for loss share agreements | -5,479 | 45,103 |
Proceeds from sale of other real estate | 55,478 | 120,712 |
Additions to premises and equipment | -65,763 | -38,887 |
Business acquisition, net of cash acquired | 18,194 | 0 |
Net cash (used) provided by investing activities | -181,838 | -407,241 |
FINANCING ACTIVITIES | ' | ' |
Net change in time deposits | -301,849 | -529,675 |
Net change in demand and other interest-bearing deposits | 202,853 | 506,969 |
Net change in short-term borrowings | 91,345 | 35,930 |
Repayment of long-term obligations | -2,001 | -3,958 |
Origination of long-term obligations | 0 | 70,000 |
Repurchase of common stock | 0 | -321 |
Cash dividends paid | -8,657 | -5,777 |
Net cash provided (used) by financing activities | -18,309 | 73,168 |
Change in cash and due from banks | -132,606 | -70,612 |
Cash and due from banks at beginning of period | 533,599 | 639,730 |
Cash and due from banks at end of period | 400,993 | 569,118 |
CASH PAYMENTS FOR: | ' | ' |
Interest | 36,909 | 46,873 |
Income taxes | 112,836 | 99,398 |
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES: | ' | ' |
Transfers of loans to other real estate | 42,136 | 78,303 |
Dividends declared but not paid | 2,886 | 2,886 |
Reclassification of Long-Term Obligations to Short-Term Borrowings | $195,000 | $0 |
Accounting_Policies_and_Basis_
Accounting Policies and Basis of Presentation | 9 Months Ended |
Sep. 30, 2014 | |
Accounting Policies [Abstract] | ' |
Accounting Policies and Basis of Presentation | ' |
ACCOUNTING POLICIES AND BASIS OF PRESENTATION | |
First Citizens BancShares, Inc. (BancShares) is a financial holding company organized under the laws of Delaware and conducts operations through its banking subsidiary, First-Citizens Bank & Trust Company (FCB), which is headquartered in Raleigh, North Carolina. | |
General | |
These consolidated financial statements and notes are presented in accordance with instructions for Form 10-Q and Article 10 of Regulation S-X and, therefore, do not include all information and notes necessary for a complete presentation of financial position, results of operations and cash flow activity required in accordance with accounting principles generally accepted in the United States of America (GAAP). In the opinion of management, all normal recurring adjustments necessary for a fair presentation of the consolidated financial position and consolidated results of operations have been made. The unaudited interim consolidated financial statements included in this Form 10-Q should be read in conjunction with the consolidated financial statements and footnotes included in BancShares' Annual Report on Form 10-K for the year ended December 31, 2013. | |
Reclassifications | |
In certain instances, amounts reported in prior years' consolidated financial statements have been reclassified to conform to the current financial statement presentation. Such reclassifications had no effect on previously reported shareholders' equity or net income. | |
Use of Estimates in the Preparation of Financial Statements | |
The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates, and different assumptions in the application of these policies could result in material changes in BancShares' consolidated financial position, the consolidated results of its operations or related disclosures. Material estimates that are particularly susceptible to significant change include the determination of the allowance for loan and lease losses; determination of the fair value of financial instruments; pension plan assumptions; cash flow estimates on acquired loans; the receivable from and payable to the Federal Deposit Insurance Corporation (FDIC) for loss share agreements; purchase accounting-related adjustments; and income tax assets, liabilities and expense. | |
Recent Accounting Pronouncements | |
Financial Accounting Standards Board (FASB) Accounting Standards Update (ASU) 2014-14, “Receivables - Troubled Debt Restructurings by Creditors (Subtopic 310-40): Classification of Certain Government-Guaranteed Mortgage Loans upon Foreclosure” | |
This ASU requires a reporting entity to derecognize a mortgage loan and recognize a separate other receivable upon foreclosure if the following conditions are met: the loan has a government guarantee that is not separable from the loan before foreclosure; at the time of foreclosure, the creditor has the intent to convey the real estate property to the guarantor and make a claim on the guarantee, and the creditor has the ability to recover under that claim and at the time of foreclosure, any amount of the claim that is determined on the basis of the fair value of the real estate is fixed. Upon foreclosure, the separate other receivable should be measured based on the amount of the loan balance expected to be recovered from the guarantor. | |
The amendments in this ASU are effective for public entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2014. We are currently evaluating the impact of the new standard and we will adopt during the first quarter of 2015. | |
FASB ASU 2014-11, “Transfers and Servicing (Topic 860)” | |
This ASU aligns the accounting for repurchase-to-maturity transactions and repurchase agreements executed as a repurchase financing with the accounting for other typical repurchase agreements. Going forward, these transactions would all be accounted for as secured borrowings. The guidance eliminates sale accounting for repurchase-to-maturity transactions and supersedes the guidance under which a transfer of a financial asset and a contemporaneous repurchase financing could be accounted for on a combined basis as a forward agreement, which has resulted in outcomes referred to as off-balance-sheet accounting. The ASU requires a new disclosure for transactions economically similar to repurchase agreements in which the transferor retains substantially all of the exposure to the economic return on the transferred financial assets throughout the term of the transaction. The ASU also requires expanded disclosures about the nature of collateral pledged in repurchase agreements and similar transactions accounted for as secured borrowings. | |
The accounting changes in this ASU are effective for fiscal years beginning after December 15, 2014. In addition, the disclosure for certain transactions accounted for as a sale is effective for the fiscal period beginning after December 15, 2014, the disclosures for transactions accounted for as secured borrowings are required to be presented for fiscal periods beginning after December 15, 2014, and interim periods beginning after March 15, 2015. Early adoption is not permitted. BancShares will adopt the guidance effective in the first quarter of 2015, and is currently evaluating the impact of the new standard on the financial statement disclosures. BancShares does not anticipate any effect on our consolidated financial position or consolidated results of operations as a result of adoption. | |
FASB ASU 2014-09, “Revenue from Contracts with Customers (Topic 606)” | |
In May 2014, the FASB issued a standard on the recognition of revenue from contracts with customers with the core principle being for companies to recognize revenue to depict the transfer of goods or services to customers in amounts that reflect the consideration to which the company expects to be entitled in exchange for those goods or services. The new standard also results in enhanced disclosures about revenue, provides guidance for transactions that were not previously addressed comprehensively and improves guidance for multiple-element arrangements. | |
The guidance in this ASU is effective for fiscal periods beginning after December 15, 2016, including interim reporting periods within that reporting period. Early adoption is not permitted. We are currently evaluating the impact of the new standard and we will adopt during the first quarter of 2017 using one of two retrospective application methods. | |
FASB ASU 2014-04, “Receivables-Troubled Debt Restructurings by Creditors (Subtopic 310-40)” | |
This ASU clarifies that an in-substance repossession or foreclosure occurs, and a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, upon either (1) the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure or (2) the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. Additionally, the amendments require interim and annual disclosure of both (1) the amount of foreclosed residential real estate property held by the creditor and (2) the recorded investment in consumer mortgage loans collateralized by residential real estate property that are in the process of foreclosure according to local requirements of the applicable jurisdiction. | |
The amendments in this ASU are effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2014. BancShares will adopt the guidance effective in the first quarter of 2015, and is currently evaluating the impact of the new standard on the financial statement disclosures. BancShares does not anticipate any significant impact on our consolidated financial position or consolidated results of operations as a result of adoption. | |
FASB ASU 2014-01 "Investments - Equity Method and Joint Ventures (Topic 323) - Accounting for Investments in Qualified Affordable Housing Projects” | |
This ASU permits an accounting policy election to account for investments in qualified affordable housing projects using the proportional amortization method if certain conditions are met. Under the proportional amortization method, the initial cost of the investment is amortized in proportion to the tax credits and other tax benefits received and recognize the net investment performance in the income statement as a component of income tax expense (benefit). | |
For those investments in qualified affordable housing projects not accounted for using the proportional amortization method, the investment should be accounted for as an equity method investment or a cost method investment in accordance with Subtopic 970-323. | |
The decision to apply the proportional amortization method of accounting will be applied consistently to all qualifying affordable housing project investments rather than a decision to be applied to individual investments. | |
The amendments in this ASU should be applied retrospectively to all periods presented and are effective for annual periods and interim reporting periods within those annual periods, beginning after December 15, 2014. Early adoption is permitted. BancShares is currently evaluating the impact of the new standard and is targeting a December 31, 2014 adoption and implementation for qualifying affordable housing project investments. | |
FASB ASU 2013-11, “Income Taxes (Topic 740)” | |
This ASU states that an unrecognized tax benefit, or a portion of an unrecognized tax benefit, should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward, except as follows: to the extent a net operating loss carryforward, a similar tax loss, or a tax credit carryforward is not available at the reporting date under the tax law of the applicable jurisdiction to settle any additional income taxes that would result from the disallowance of a tax position or the tax law of the applicable jurisdiction does not require BancShares to use, and BancShares does not intend to use, the deferred tax asset for such purpose, the unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets. The assessment of whether a deferred tax asset is available is based on the unrecognized tax benefit and deferred tax asset that exist at the reporting date and should be made presuming disallowance of the tax position at the reporting date. | |
The provisions of this ASU were effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. BancShares adopted the guidance effective in the first quarter of 2014. The initial adoption had no effect on our consolidated financial position or consolidated results of operations. | |
FASB ASU 2013-04, “Liabilities” | |
This ASU provides guidance for the recognition, measurement, and disclosure of obligations resulting from joint and several liability arrangements for which the total amount of the obligation within the scope of this ASU is fixed at the reporting date, except for obligations addressed within existing guidance in GAAP. | |
The amendments in this update were effective for fiscal years beginning after December 31, 2013. BancShares adopted the guidance effective first quarter of 2014. The initial adoption did not have any effect on our consolidated financial position or consolidated results of operations. |
Business_Combinations
Business Combinations | 9 Months Ended | |||||||||||
Sep. 30, 2014 | ||||||||||||
Business Combinations [Abstract] | ' | |||||||||||
Business Combinations | ' | |||||||||||
NOTE B - BUSINESS COMBINATIONS | ||||||||||||
Merger with First Citizens Bancorporation, Inc. | ||||||||||||
On October 1, 2014, BancShares completed the merger of First Citizens Bancorporation, Inc. (Bancorporation) with and into BancShares pursuant to an Agreement and Plan of Merger dated June 10, 2014, as amended on July 29, 2014. First Citizens Bank and Trust Company, Inc. (FCB-SC) is expected to merge with and into FCB during the first quarter of 2015. | ||||||||||||
Under the terms of the Merger Agreement, each share of Bancorporation common stock will be converted into the right to receive 4.00 shares of BancShares' Class A common stock and $50.00 cash, unless the holder elects for each share to be converted into the right to receive 3.58 shares of BancShares' Class A common stock and 0.42 shares of BancShares' Class B common stock. Bancorporation shareholders have until December 5, 2014 to make this election. | ||||||||||||
The merger between BancShares and Bancorporation creates a more diversified financial institution that is better equipped to respond to economic and industry developments. Additionally, cost savings, efficiencies and other benefits are expected from the combined operations. | ||||||||||||
The merger will be accounted for in accordance with the acquisition method of accounting. BancShares is undertaking a comprehensive review and determination of the fair value of the assets and liabilities of Bancorporation to ensure that they conform to the measurement and reporting guidance set forth for the accounting for business combinations. Determining the fair value of asset and liabilities, especially in the loan portfolio, is a complex process involving significant judgment regarding estimates and assumptions used to calculate fair values. Accordingly, the initial accounting for the merger is not complete. A Current Report on Form 8-K was filed on October 1, 2014 with respect to completion of the merger. | ||||||||||||
BancShares incurred merger expenses of $1.2 million and $2.4 million for the three and nine months ended September 30, 2014 for the merger with Bancorporation. | ||||||||||||
1st Financial Services Corporation Merger | ||||||||||||
On January 1, 2014, FCB completed its merger with 1st Financial Services Corporation (1st Financial) of Hendersonville, NC and its wholly-owned subsidiary, Mountain 1st Bank & Trust Company (Mountain 1st). The merger allowed FCB to expand its presence in Western North Carolina. Mountain 1st had twelve branches located in Asheville, Brevard, Columbus, Etowah, Fletcher, Forest City, Hendersonville, Hickory, Marion, Shelby and Waynesville. FCB requested and received approval from the North Carolina Commissioner of Banks and the FDIC to close seven Mountain 1st branches due to their proximity to legacy FCB branches. The branches in Asheville, Brevard, Fletcher, Forest City, Hendersonville, Hickory and Marion were closed in May. All customer relationships assigned to those branches were transferred to the nearest FCB branch. | ||||||||||||
FCB paid $10.0 million to acquire 1st Financial, including payments of $8.0 million to the U.S. Treasury to acquire and subsequently retire 1st Financial's Troubled Asset Relief Program (TARP) obligation and $2.0 million paid to the shareholders of 1st Financial. As a result of the merger, FCB recorded $24.5 million in goodwill and $3.8 million in core deposit intangibles. | ||||||||||||
The 1st Financial transaction was accounted for under the acquisition method of accounting, and the purchased assets, assumed liabilities and identifiable intangible assets were recorded at their estimated fair values as of the acquisition date. Fair values are subject to refinement for up to one year after the closing date of the transaction as additional information regarding closing date fair values becomes available. During the third quarter of 2014, no adjustments were deemed necessary. | ||||||||||||
The following table provides the carrying value of acquired assets and assumed liabilities, as recorded by 1st Financial, the fair value adjustments calculated at the time of the merger and the resulting fair value recorded by FCB. | ||||||||||||
January 1, 2014 | ||||||||||||
(Dollars in thousands) | As recorded by | Fair value adjustments | As recorded by FCB | |||||||||
1st Financial | ||||||||||||
Assets | ||||||||||||
Cash and cash equivalents | $ | 28,194 | $ | — | $ | 28,194 | ||||||
Investment securities | 246,890 | (9,452 | ) | 237,438 | ||||||||
Loans held for sale | 1,183 | — | 1,183 | |||||||||
Restricted equity securities | 3,105 | 671 | 3,776 | |||||||||
Loans | 338,170 | (21,843 | ) | 316,327 | ||||||||
Less: allowance for loan losses | (7,796 | ) | 7,796 | — | ||||||||
Premises and equipment | 3,871 | (1,185 | ) | 2,686 | ||||||||
Other real estate owned | 12,896 | (1,305 | ) | 11,591 | ||||||||
Intangible assets | — | 3,780 | 3,780 | |||||||||
Other assets | 16,811 | (465 | ) | 16,346 | ||||||||
Total assets acquired | $ | 643,324 | $ | (22,003 | ) | $ | 621,321 | |||||
Liabilities | ||||||||||||
Deposits: | ||||||||||||
Noninterest-bearing | $ | 152,444 | $ | — | $ | 152,444 | ||||||
Interest-bearing | 477,881 | 1,546 | 479,427 | |||||||||
Total deposits | 630,325 | 1,546 | 631,871 | |||||||||
Short-term borrowings | 406 | — | 406 | |||||||||
Other liabilities | 3,392 | 167 | 3,559 | |||||||||
Total liabilities assumed | $ | 634,123 | $ | 1,713 | 635,836 | |||||||
Fair value of net liabilities assumed | 14,515 | |||||||||||
Cash paid to shareholders | 2,000 | |||||||||||
Cash paid to acquire TARP securities | 8,000 | |||||||||||
Goodwill recorded for 1st Financial | $ | 24,515 | ||||||||||
Goodwill recorded for 1st Financial represents future revenues to be derived from the existing customer base, including efficiencies that will result from combining operations and other non-identifiable intangible assets. The 1st Financial transaction is a taxable asset acquisition, and goodwill resulting from the transaction is deductible for income tax purposes. | ||||||||||||
Merger costs related to the 1st Financial transaction incurred were $0.3 million and $5.0 million for the three and nine months ended September 30, 2014. Loan related interest income generated from 1st Financial was approximately $4.1 million for the third quarter of 2014 and $12.7 million for the year to date period. | ||||||||||||
All loans acquired with the 1st Financial transaction are accounted for under the expected cash flow method (ASC 310-30). | ||||||||||||
For loans acquired from 1st Financial, the contractually required payments including principal and interest, cash flows expected to be collected and fair values as of the merger date were: | ||||||||||||
(Dollars in thousands) | January 1, 2014 | |||||||||||
Contractually required payments | $ | 414,233 | ||||||||||
Cash flows expected to be collected | 400,622 | |||||||||||
Fair value at acquisition date | 316,327 | |||||||||||
The recorded fair values of loans acquired in the 1st Financial transaction as of the merger date were as follows: | ||||||||||||
(Dollars in thousands) | January 1, 2014 | |||||||||||
Commercial: | ||||||||||||
Construction and land development | $ | 41,516 | ||||||||||
Commercial mortgage | 123,925 | |||||||||||
Other commercial real estate | 6,698 | |||||||||||
Commercial and industrial | 29,126 | |||||||||||
Total commercial loans | 201,265 | |||||||||||
Noncommercial: | ||||||||||||
Residential mortgage | 113,177 | |||||||||||
Consumer | 1,885 | |||||||||||
Total noncommercial loans | 115,062 | |||||||||||
Total loans acquired from 1st Financial | $ | 316,327 | ||||||||||
Investments
Investments | 9 Months Ended | |||||||||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||||||||
Investments [Abstract] | ' | |||||||||||||||||||||||
Investments | ' | |||||||||||||||||||||||
INVESTMENTS | ||||||||||||||||||||||||
The amortized cost and fair value of investment securities classified as available for sale and held to maturity at September 30, 2014 and December 31, 2013, are as follows: | ||||||||||||||||||||||||
September 30, 2014 | ||||||||||||||||||||||||
(Dollars in thousands) | Cost | Gross | Gross unrealized | Fair | ||||||||||||||||||||
unrealized | losses | value | ||||||||||||||||||||||
gains | ||||||||||||||||||||||||
Investment securities available for sale | ||||||||||||||||||||||||
U.S. Treasury | $ | 1,888,647 | $ | 583 | $ | 1,420 | $ | 1,887,810 | ||||||||||||||||
Government agency | 1,128,752 | 1,294 | 393 | 1,129,653 | ||||||||||||||||||||
Mortgage-backed securities | 2,591,641 | 7,322 | 21,498 | 2,577,465 | ||||||||||||||||||||
Equity securities | 543 | 29,485 | — | 30,028 | ||||||||||||||||||||
Municipal securities | 125 | 1 | — | 126 | ||||||||||||||||||||
Other | 23,012 | — | — | 23,012 | ||||||||||||||||||||
Total investment securities available for sale | $ | 5,632,720 | $ | 38,685 | $ | 23,311 | $ | 5,648,094 | ||||||||||||||||
December 31, 2013 | ||||||||||||||||||||||||
Cost | Gross | Gross unrealized | Fair | |||||||||||||||||||||
unrealized | losses | value | ||||||||||||||||||||||
gains | ||||||||||||||||||||||||
U.S. Treasury | $ | 373,223 | $ | 259 | $ | 45 | $ | 373,437 | ||||||||||||||||
Government agency | 2,543,223 | 1,798 | 792 | 2,544,229 | ||||||||||||||||||||
Mortgage-backed securities | 2,486,297 | 4,526 | 43,950 | 2,446,873 | ||||||||||||||||||||
Equity securities | 543 | 21,604 | — | 22,147 | ||||||||||||||||||||
Municipal securities | 186 | 1 | — | 187 | ||||||||||||||||||||
Other | 863 | — | 33 | 830 | ||||||||||||||||||||
Total investment securities available for sale | $ | 5,404,335 | $ | 28,188 | $ | 44,820 | $ | 5,387,703 | ||||||||||||||||
September 30, 2014 | ||||||||||||||||||||||||
Cost | Gross | Gross unrealized | Fair | |||||||||||||||||||||
unrealized | losses | value | ||||||||||||||||||||||
gains | ||||||||||||||||||||||||
Investment securities held to maturity | ||||||||||||||||||||||||
Mortgage-backed securities | $ | 607 | $ | 31 | $ | — | $ | 638 | ||||||||||||||||
December 31, 2013 | ||||||||||||||||||||||||
Cost | Gross | Gross unrealized | Fair | |||||||||||||||||||||
unrealized | losses | value | ||||||||||||||||||||||
gains | ||||||||||||||||||||||||
Mortgage-backed securities | $ | 907 | $ | 67 | $ | — | $ | 974 | ||||||||||||||||
As of September 30, 2014, equity securities included an investment in Bancorporation stock of $29.6 million. Pursuant to the Merger Agreement, the shares of capital stock of Bancorporation held were canceled and ceased to exist when the merger became effective October 1, 2014. Included in Other at September 30, 2014 are Trust Preferred Securities issued by a former business trust subsidiary of Bancorporation, FCB/SC Capital Trust II, which were purchased by BancShares during the third quarter of 2014 with a contractual maturity of June 15, 2034. These are the only securities included within Other as the previous amount was a single subordinated debt security that was called during the second quarter of 2014. Upon completion of the merger with Bancorporation on October 1, 2014, the issuer of the Trust Preferred Securities became a subsidiary of BancShares and, for future financial statement purposes, the investment in the Trust Preferred Securities will be eliminated in consolidation at BancShares. | ||||||||||||||||||||||||
Investments in mortgage-backed securities primarily represent securities issued by the Government National Mortgage Association, Federal National Mortgage Association and Federal Home Loan Mortgage Corporation. | ||||||||||||||||||||||||
The following table provides the amortized cost and fair value by contractual maturity. Expected maturities will differ from contractual maturities on certain securities because borrowers and issuers may have the right to call or prepay obligations with or without prepayment penalties. Repayments of mortgage-backed securities are dependent on the repayments of the underlying loan balances. Equity securities do not have a stated maturity date. | ||||||||||||||||||||||||
September 30, 2014 | December 31, 2013 | |||||||||||||||||||||||
(Dollars in thousands) | Cost | Fair | Cost | Fair | ||||||||||||||||||||
value | value | |||||||||||||||||||||||
Investment securities available for sale | ||||||||||||||||||||||||
Non-amortizing securities maturing in: | ||||||||||||||||||||||||
One year or less | $ | 529,931 | $ | 530,363 | $ | 839,956 | $ | 840,883 | ||||||||||||||||
One through five years | 2,487,593 | 2,487,226 | 2,077,539 | 2,077,800 | ||||||||||||||||||||
Over 10 years | 23,012 | 23,012 | — | — | ||||||||||||||||||||
Mortgage-backed securities | 2,591,641 | 2,577,465 | 2,486,297 | 2,446,873 | ||||||||||||||||||||
Equity securities | 543 | 30,028 | 543 | 22,147 | ||||||||||||||||||||
Total investment securities available for sale | $ | 5,632,720 | $ | 5,648,094 | $ | 5,404,335 | $ | 5,387,703 | ||||||||||||||||
Investment securities held to maturity | ||||||||||||||||||||||||
Mortgage-backed securities held to maturity | $ | 607 | $ | 638 | $ | 907 | $ | 974 | ||||||||||||||||
There were no realized securities gains (losses) during any period presented. | ||||||||||||||||||||||||
The following table provides information regarding securities with unrealized losses as of September 30, 2014 and December 31, 2013. | ||||||||||||||||||||||||
September 30, 2014 | ||||||||||||||||||||||||
Less than 12 months | 12 months or more | Total | ||||||||||||||||||||||
(Dollars in thousands) | Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | ||||||||||||||||||
value | losses | value | losses | value | losses | |||||||||||||||||||
Investment securities available for sale: | ||||||||||||||||||||||||
U.S. Treasury | $ | 999,783 | $ | 1,420 | $ | — | $ | — | $ | 999,783 | $ | 1,420 | ||||||||||||
Government agency | 291,783 | 393 | — | — | 291,783 | 393 | ||||||||||||||||||
Mortgage-backed securities | 486,678 | 2,210 | 1,090,467 | 19,288 | 1,577,145 | 21,498 | ||||||||||||||||||
Total | $ | 1,778,244 | $ | 4,023 | $ | 1,090,467 | $ | 19,288 | $ | 2,868,711 | $ | 23,311 | ||||||||||||
December 31, 2013 | ||||||||||||||||||||||||
Less than 12 months | 12 months or more | Total | ||||||||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | |||||||||||||||||||
value | losses | value | losses | value | losses | |||||||||||||||||||
Investment securities available for sale: | ||||||||||||||||||||||||
U.S. Treasury | $ | 102,105 | $ | 45 | $ | — | $ | — | $ | 102,105 | $ | 45 | ||||||||||||
Government agency | 780,552 | 761 | 29,969 | 31 | 810,521 | 792 | ||||||||||||||||||
Mortgage-backed securities | 2,221,213 | 42,876 | 26,861 | 1,074 | 2,248,074 | 43,950 | ||||||||||||||||||
Other | 830 | 33 | — | — | 830 | 33 | ||||||||||||||||||
Total | $ | 3,104,700 | $ | 43,715 | $ | 56,830 | $ | 1,105 | $ | 3,161,530 | $ | 44,820 | ||||||||||||
Investment securities with an aggregate fair value of $1.09 billion and $56.8 million had continuous unrealized losses for more than 12 months as of September 30, 2014 and December 31, 2013, with an aggregate unrealized loss of $19.3 million and $1.1 million, respectively. As of September 30, 2014, all 107 of these investments are U.S. government agency and government sponsored enterprise-issued mortgage-backed securities. None of the unrealized losses identified as of September 30, 2014 or December 31, 2013 relate to the marketability of the securities or the issuer’s ability to honor redemption obligations. For all periods presented, BancShares had the ability and intent to retain these securities for a period of time sufficient to recover all unrealized losses. Therefore, none of the securities were deemed to be other than temporarily impaired. | ||||||||||||||||||||||||
Investment securities having an aggregate carrying value of $2.78 billion at September 30, 2014 and $2.75 billion at December 31, 2013 were pledged as collateral to secure public funds on deposit and certain short-term borrowings, and for other purposes as required by law. |
Loans_and_Leases
Loans and Leases | 9 Months Ended | |||||||||||||||||||||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||||||||||||||||||||
Loans and Leases Receivable Disclosure [Abstract] | ' | |||||||||||||||||||||||||||||||||||
Loans and Leases | ' | |||||||||||||||||||||||||||||||||||
LOANS AND LEASES | ||||||||||||||||||||||||||||||||||||
BancShares reports acquired and originated loan portfolios separately, and each portfolio is further divided into commercial and non-commercial based on the type of borrower, purpose, collateral, and/or our underlying credit management processes. Additionally, loans are assigned to loan classes, which further disaggregate loans based upon common risk characteristics. | ||||||||||||||||||||||||||||||||||||
Commercial – Commercial loans include construction and land development, mortgage, other commercial real estate, commercial and industrial, lease financing and other. | ||||||||||||||||||||||||||||||||||||
Construction and land development – Construction and land development consists of loans to finance land for development, investment, and use in a commercial business enterprise; multifamily apartments; and other commercial buildings that may be owner-occupied or income generating investments for the owner. | ||||||||||||||||||||||||||||||||||||
Commercial mortgage – Commercial mortgage consists of loans to purchase or refinance owner-occupied nonresidential and investment properties. Investment properties include office buildings and other facilities that are rented or leased to unrelated parties. | ||||||||||||||||||||||||||||||||||||
Other commercial real estate – Other commercial real estate consists of loans secured by farmland (including residential farms and other improvements) and multifamily (5 or more) residential properties. | ||||||||||||||||||||||||||||||||||||
Commercial and industrial – Commercial and industrial consists of loans or lines of credit to finance corporate credit cards, accounts receivable, inventory and other general business purposes. | ||||||||||||||||||||||||||||||||||||
Lease financing – Lease financing consists solely of lease financing agreements. | ||||||||||||||||||||||||||||||||||||
Other – Other consists of all other commercial loans not classified in one of the preceding classes. These typically include loans to non-profit organizations such as churches, hospitals, educational and charitable organizations. | ||||||||||||||||||||||||||||||||||||
Noncommercial – Noncommercial consist of residential and revolving mortgage, construction and land development, and consumer loans. | ||||||||||||||||||||||||||||||||||||
Residential mortgage – Residential real estate consists of loans to purchase, construct or refinance the borrower's primary dwelling, second residence or vacation home. | ||||||||||||||||||||||||||||||||||||
Revolving mortgage – Revolving mortgage consists of home equity lines of credit that are secured by first or second liens on the borrower's primary residence. | ||||||||||||||||||||||||||||||||||||
Construction and land development – Construction and land development consists of loans to construct the borrower's primary or secondary residence or vacant land upon which the owner intends to construct a dwelling at a future date. | ||||||||||||||||||||||||||||||||||||
Consumer – Consumer loans consist of installment loans to finance purchases of vehicles, unsecured home improvements and revolving lines of credit that can be secured or unsecured, including personal credit cards. | ||||||||||||||||||||||||||||||||||||
Loans and leases outstanding include the following at September 30, 2014 and December 31, 2013: | ||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | September 30, 2014 | December 31, 2013 | ||||||||||||||||||||||||||||||||||
Acquired loans | ||||||||||||||||||||||||||||||||||||
Commercial: | ||||||||||||||||||||||||||||||||||||
Construction and land development | $ | 59,808 | $ | 78,915 | ||||||||||||||||||||||||||||||||
Commercial mortgage | 579,435 | 642,891 | ||||||||||||||||||||||||||||||||||
Other commercial real estate | 36,043 | 41,381 | ||||||||||||||||||||||||||||||||||
Commercial and industrial | 25,813 | 17,254 | ||||||||||||||||||||||||||||||||||
Other | 1,662 | 866 | ||||||||||||||||||||||||||||||||||
Total commercial loans | 702,761 | 781,307 | ||||||||||||||||||||||||||||||||||
Noncommercial: | ||||||||||||||||||||||||||||||||||||
Residential mortgage | 240,681 | 213,851 | ||||||||||||||||||||||||||||||||||
Revolving mortgage | 50,048 | 30,834 | ||||||||||||||||||||||||||||||||||
Construction and land development | 1,144 | 2,583 | ||||||||||||||||||||||||||||||||||
Consumer | 1,646 | 851 | ||||||||||||||||||||||||||||||||||
Total noncommercial loans | 293,519 | 248,119 | ||||||||||||||||||||||||||||||||||
Total acquired loans | 996,280 | 1,029,426 | ||||||||||||||||||||||||||||||||||
Originated loans and leases: | ||||||||||||||||||||||||||||||||||||
Commercial: | ||||||||||||||||||||||||||||||||||||
Construction and land development | 382,775 | 319,847 | ||||||||||||||||||||||||||||||||||
Commercial mortgage | 6,475,366 | 6,362,490 | ||||||||||||||||||||||||||||||||||
Other commercial real estate | 177,681 | 178,754 | ||||||||||||||||||||||||||||||||||
Commercial and industrial | 1,359,945 | 1,081,158 | ||||||||||||||||||||||||||||||||||
Lease financing | 443,318 | 381,763 | ||||||||||||||||||||||||||||||||||
Other | 213,224 | 175,336 | ||||||||||||||||||||||||||||||||||
Total commercial loans | 9,052,309 | 8,499,348 | ||||||||||||||||||||||||||||||||||
Noncommercial: | ||||||||||||||||||||||||||||||||||||
Residential mortgage | 1,141,049 | 982,421 | ||||||||||||||||||||||||||||||||||
Revolving mortgage | 2,120,167 | 2,113,285 | ||||||||||||||||||||||||||||||||||
Construction and land development | 117,209 | 122,792 | ||||||||||||||||||||||||||||||||||
Consumer | 375,777 | 386,452 | ||||||||||||||||||||||||||||||||||
Total noncommercial loans | 3,754,202 | 3,604,950 | ||||||||||||||||||||||||||||||||||
Total originated loans and leases | 12,806,511 | 12,104,298 | ||||||||||||||||||||||||||||||||||
Total loans and leases | $ | 13,802,791 | $ | 13,133,724 | ||||||||||||||||||||||||||||||||
At September 30, 2014, $467.9 million in acquired loans were covered under loss share agreements, compared to $1.03 billion at December 31, 2013. The remaining acquired loans at September 30, 2014 are primarily related to loans from the 1st Financial merger or with expired loss share agreements. The loss share protection expired for non-single family residential loans acquired from Temecula Valley Bank (TVB) and Venture Bank (VB) during the third quarter of 2014. The acquired loan balances at September 30, 2014 for the expired agreements from TVB and VB are $191.7 million and $64.4 million, respectively. During the first quarter of 2015, the loss share protection will expire for non-single family residential loans acquired from Sun American Bank (SAB) and all loans acquired from First Regional Bank (FRB). The acquired loan balance at September 30, 2014 for the agreements from SAB and FRB are $50.8 million and $80.3 million, respectively. We will process all necessary filings in accordance with the agreements before expiration to collect the earned loss share receivables. | ||||||||||||||||||||||||||||||||||||
At September 30, 2014, $2.70 billion in originated loans with a lendable collateral value of $1.47 billion are used to secure $240.3 million in Federal Home Loan Bank (FHLB) of Atlanta advances, resulting in additional borrowing capacity of $1.23 billion, compared to $2.56 billion in originated loans with a lendable collateral value of $1.38 billion used to secure $240.3 million in FHLB of Atlanta advances, resulting additional borrowing capacity of $1.14 billion at December 31, 2013. | ||||||||||||||||||||||||||||||||||||
Credit quality indicators | ||||||||||||||||||||||||||||||||||||
Loans and leases are monitored for credit quality on a recurring basis. The credit quality indicators used are dependent on the portfolio segment to which the loan relates. Originated commercial loans and leases, originated noncommercial loans and leases and acquired loans have different credit quality indicators as a result of the unique characteristics relative to each loan segment being evaluated. | ||||||||||||||||||||||||||||||||||||
The credit quality indicators for commercial loans and leases are developed through a review of individual borrowers on an ongoing basis. Each commercial loan is evaluated annually with more frequent evaluation of more severely criticized loans or leases. The credit quality indicators for noncommercial loans are based on the delinquency status of the borrower. As the borrower becomes more delinquent, the likelihood of loss increases. Acquired loans are bifurcated into commercial and noncommercial segments and credit quality indicators are developed through a review of individual borrowers on an ongoing basis. The indicators represent the rating for loans or leases as of the date presented based on the most recent assessment performed. These credit quality indicators are defined as follows: | ||||||||||||||||||||||||||||||||||||
Pass – A pass rated asset is one in which repayment is considered highly likely and there are no observable weaknesses in the asset. Such an asset does not meet any of the characteristics for classification. | ||||||||||||||||||||||||||||||||||||
Special mention – A special mention asset has potential weaknesses that deserve management’s close attention. If left uncorrected, such potential weaknesses may result in deterioration of the repayment prospects or collateral position at some future date. Special mention assets are not adversely classified and do not warrant adverse classification. | ||||||||||||||||||||||||||||||||||||
Substandard – A substandard asset is inadequately protected by the current net worth and paying capacity of the borrower or of the collateral pledged, if any. Assets classified as substandard generally have a well-defined weakness, or weaknesses, that jeopardize the liquidation of the debt. These assets are characterized by the distinct possibility of loss if the deficiencies are not corrected. | ||||||||||||||||||||||||||||||||||||
Doubtful – An asset classified as doubtful has all the weaknesses inherent in an asset classified substandard with the added characteristic that the weaknesses make collection or liquidation in full highly questionable and improbable on the basis of currently existing facts, conditions and values. | ||||||||||||||||||||||||||||||||||||
Loss – Assets classified as loss are considered uncollectible and of such little value that it is inappropriate to be carried as an asset. This classification is not necessarily equivalent to no potential for recovery or salvage value, but rather that it is not appropriate to defer a full charge-off even though partial recovery may be effected in the future. | ||||||||||||||||||||||||||||||||||||
Ungraded – Ungraded loans represent loans that are not included in the individual credit grading process due to their relatively small balances or borrower type. The majority of originated, ungraded loans at September 30, 2014 and December 31, 2013 relate to business credit cards. Business credit card loans are subject to automatic charge-off when they become 120 days past due in the same manner as unsecured consumer lines of credit. The remaining balance is comprised of a small amount of commercial mortgage loans and other commercial real estate loans. As of December 31, 2013, ungraded loans also included tobacco buyout loans classified as commercial and industrial loans. Final payment from the Commodity Credit Corporation was received during January 2014 for tobacco buyout loans held by FCB. As of September 30, 2014, ungraded also includes $91.5 million of loans resulting from the 1st Financial merger. | ||||||||||||||||||||||||||||||||||||
Originated loans and leases outstanding at September 30, 2014 and December 31, 2013 by credit quality indicator are provided below: | ||||||||||||||||||||||||||||||||||||
September 30, 2014 | ||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | Originated commercial loans and leases | |||||||||||||||||||||||||||||||||||
Grade: | Construction and land | Commercial | Other | Commercial and | Lease financing | Other | Total originated commercial loans and leases | |||||||||||||||||||||||||||||
development | mortgage | commercial real estate | industrial | |||||||||||||||||||||||||||||||||
Pass | $ | 371,835 | $ | 6,218,527 | $ | 174,039 | $ | 1,253,945 | $ | 434,915 | $ | 213,184 | $ | 8,666,445 | ||||||||||||||||||||||
Special mention | 6,028 | 112,342 | 889 | 19,804 | 4,783 | — | 143,846 | |||||||||||||||||||||||||||||
Substandard | 4,912 | 140,703 | 2,590 | 5,461 | 3,204 | 40 | 156,910 | |||||||||||||||||||||||||||||
Doubtful | — | 2,494 | — | 19 | 399 | — | 2,912 | |||||||||||||||||||||||||||||
Ungraded | — | 1,300 | 163 | 80,716 | 17 | — | 82,196 | |||||||||||||||||||||||||||||
Total | $ | 382,775 | $ | 6,475,366 | $ | 177,681 | $ | 1,359,945 | $ | 443,318 | $ | 213,224 | $ | 9,052,309 | ||||||||||||||||||||||
December 31, 2013 | ||||||||||||||||||||||||||||||||||||
Originated commercial loans and leases | ||||||||||||||||||||||||||||||||||||
Construction and land | Commercial | Other | Commercial and | Lease financing | Other | Total originated commercial loans and leases | ||||||||||||||||||||||||||||||
development | mortgage | commercial real estate | industrial | |||||||||||||||||||||||||||||||||
Pass | $ | 308,231 | $ | 6,094,505 | $ | 174,913 | $ | 964,840 | $ | 375,371 | $ | 174,314 | $ | 8,092,174 | ||||||||||||||||||||||
Special mention | 8,620 | 119,515 | 1,362 | 14,686 | 2,160 | 982 | 147,325 | |||||||||||||||||||||||||||||
Substandard | 2,944 | 141,913 | 2,216 | 6,352 | 3,491 | 40 | 156,956 | |||||||||||||||||||||||||||||
Doubtful | 52 | 5,159 | 75 | 144 | 592 | — | 6,022 | |||||||||||||||||||||||||||||
Ungraded | — | 1,398 | 188 | 95,136 | 149 | — | 96,871 | |||||||||||||||||||||||||||||
Total | $ | 319,847 | $ | 6,362,490 | $ | 178,754 | $ | 1,081,158 | $ | 381,763 | $ | 175,336 | $ | 8,499,348 | ||||||||||||||||||||||
September 30, 2014 | ||||||||||||||||||||||||||||||||||||
Originated noncommercial loans and leases | ||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | Residential | Revolving | Construction | Consumer | Total originated noncommercial | |||||||||||||||||||||||||||||||
mortgage | mortgage | and land | loans | |||||||||||||||||||||||||||||||||
development | ||||||||||||||||||||||||||||||||||||
Current | $ | 1,111,371 | $ | 2,104,212 | $ | 116,377 | $ | 372,348 | $ | 3,704,308 | ||||||||||||||||||||||||||
30-59 days past due | 18,528 | 8,941 | 458 | 2,045 | 29,972 | |||||||||||||||||||||||||||||||
60-89 days past due | 3,380 | 2,064 | 117 | 828 | 6,389 | |||||||||||||||||||||||||||||||
90 days or greater past due | 7,770 | 4,950 | 257 | 556 | 13,533 | |||||||||||||||||||||||||||||||
Total | $ | 1,141,049 | $ | 2,120,167 | $ | 117,209 | $ | 375,777 | $ | 3,754,202 | ||||||||||||||||||||||||||
December 31, 2013 | ||||||||||||||||||||||||||||||||||||
Originated noncommercial loans and leases | ||||||||||||||||||||||||||||||||||||
Residential | Revolving | Construction | Consumer | Total originated noncommercial | ||||||||||||||||||||||||||||||||
mortgage | mortgage | and land | loans | |||||||||||||||||||||||||||||||||
development | ||||||||||||||||||||||||||||||||||||
Current | $ | 955,300 | $ | 2,095,480 | $ | 121,026 | $ | 382,710 | $ | 3,554,516 | ||||||||||||||||||||||||||
30-59 days past due | 12,885 | 10,977 | 1,193 | 2,114 | 27,169 | |||||||||||||||||||||||||||||||
60-89 days past due | 4,658 | 2,378 | 317 | 955 | 8,308 | |||||||||||||||||||||||||||||||
90 days or greater past due | 9,578 | 4,450 | 256 | 673 | 14,957 | |||||||||||||||||||||||||||||||
Total | $ | 982,421 | $ | 2,113,285 | $ | 122,792 | $ | 386,452 | $ | 3,604,950 | ||||||||||||||||||||||||||
Acquired loans and leases outstanding at September 30, 2014 and December 31, 2013 by credit quality indicator are provided below: | ||||||||||||||||||||||||||||||||||||
September 30, 2014 | ||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | Acquired loans | |||||||||||||||||||||||||||||||||||
Grade: | Construction | Commercial | Other | Commercial | Residential | Revolving | Construction | Consumer | Total acquired | |||||||||||||||||||||||||||
and land | mortgage | commercial | and | mortgage | mortgage | and land | and other | loans | ||||||||||||||||||||||||||||
development - | real estate | industrial | development - | |||||||||||||||||||||||||||||||||
commercial | noncommercial | |||||||||||||||||||||||||||||||||||
Pass | $ | 7,883 | $ | 318,221 | $ | 11,249 | $ | 20,208 | $ | 131,302 | $ | 22,811 | $ | 70 | $ | 1,416 | $ | 513,160 | ||||||||||||||||||
Special mention | 5,669 | 103,276 | 16,005 | 2,685 | 4,148 | 3,396 | — | — | 135,179 | |||||||||||||||||||||||||||
Substandard | 40,876 | 144,810 | 8,789 | 2,767 | 32,636 | 2,588 | 50 | 240 | 232,756 | |||||||||||||||||||||||||||
Doubtful | 2,766 | 12,737 | — | 153 | 771 | 965 | 294 | — | 17,686 | |||||||||||||||||||||||||||
Ungraded | 2,614 | 391 | — | — | 71,824 | 20,288 | 730 | 1,652 | 97,499 | |||||||||||||||||||||||||||
Total | $ | 59,808 | $ | 579,435 | $ | 36,043 | $ | 25,813 | $ | 240,681 | $ | 50,048 | $ | 1,144 | $ | 3,308 | $ | 996,280 | ||||||||||||||||||
December 31, 2013 | ||||||||||||||||||||||||||||||||||||
Acquired loans | ||||||||||||||||||||||||||||||||||||
Construction | Commercial | Other | Commercial | Residential | Revolving | Construction | Consumer | Total acquired | ||||||||||||||||||||||||||||
and land | mortgage | commercial | and | mortgage | mortgage | and land | and other | loans | ||||||||||||||||||||||||||||
development - | real estate | industrial | development - | |||||||||||||||||||||||||||||||||
commercial | noncommercial | |||||||||||||||||||||||||||||||||||
Pass | $ | 2,619 | $ | 296,824 | $ | 22,225 | $ | 8,021 | $ | 135,326 | $ | 26,322 | $ | 149 | $ | 1,345 | $ | 492,831 | ||||||||||||||||||
Special mention | 15,530 | 125,295 | 3,431 | 2,585 | 6,301 | 2,608 | — | — | 155,750 | |||||||||||||||||||||||||||
Substandard | 52,228 | 179,657 | 7,012 | 5,225 | 52,774 | 1,013 | 2,139 | — | 300,048 | |||||||||||||||||||||||||||
Doubtful | 7,436 | 40,471 | 8,713 | 1,257 | 2,058 | 891 | 295 | — | 61,121 | |||||||||||||||||||||||||||
Ungraded | 1,102 | 644 | — | 166 | 17,392 | — | — | 372 | 19,676 | |||||||||||||||||||||||||||
Total | $ | 78,915 | $ | 642,891 | $ | 41,381 | $ | 17,254 | $ | 213,851 | $ | 30,834 | $ | 2,583 | $ | 1,717 | $ | 1,029,426 | ||||||||||||||||||
The aging of the outstanding loans and leases, by class, at September 30, 2014 and December 31, 2013 (excluding loans and leases acquired with deteriorated credit quality) is provided in the table below. | ||||||||||||||||||||||||||||||||||||
The calculation of days past due begins on the day after payment is due and includes all days through which all required interest or principal has not been paid. Loans and leases 30 days or less past due are considered current as various grace periods allow borrowers to make payments within a stated period after the due date and still remain in compliance with the loan agreement. | ||||||||||||||||||||||||||||||||||||
September 30, 2014 | ||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | 30-59 days | 60-89 days | 90 days or greater | Total past | Current | Total loans | ||||||||||||||||||||||||||||||
past due | past due | due | and leases | |||||||||||||||||||||||||||||||||
Originated loans and leases: | ||||||||||||||||||||||||||||||||||||
Construction and land development - commercial | $ | 379 | $ | 13 | $ | 313 | $ | 705 | $ | 382,070 | $ | 382,775 | ||||||||||||||||||||||||
Commercial mortgage | 11,337 | 4,536 | 11,009 | 26,882 | 6,448,484 | 6,475,366 | ||||||||||||||||||||||||||||||
Other commercial real estate | 808 | 67 | — | 875 | 176,806 | 177,681 | ||||||||||||||||||||||||||||||
Commercial and industrial | 5,366 | 634 | 845 | 6,845 | 1,353,100 | 1,359,945 | ||||||||||||||||||||||||||||||
Lease financing | 527 | 322 | 513 | 1,362 | 441,956 | 443,318 | ||||||||||||||||||||||||||||||
Other | — | — | — | — | 213,224 | 213,224 | ||||||||||||||||||||||||||||||
Residential mortgage | 18,528 | 3,380 | 7,770 | 29,678 | 1,111,371 | 1,141,049 | ||||||||||||||||||||||||||||||
Revolving mortgage | 8,941 | 2,064 | 4,950 | 15,955 | 2,104,212 | 2,120,167 | ||||||||||||||||||||||||||||||
Construction and land development - noncommercial | 458 | 117 | 257 | 832 | 116,377 | 117,209 | ||||||||||||||||||||||||||||||
Consumer | 2,045 | 828 | 556 | 3,429 | 372,348 | 375,777 | ||||||||||||||||||||||||||||||
Total originated loans and leases | $ | 48,389 | $ | 11,961 | $ | 26,213 | $ | 86,563 | $ | 12,719,948 | $ | 12,806,511 | ||||||||||||||||||||||||
December 31, 2013 | ||||||||||||||||||||||||||||||||||||
30-59 days | 60-89 days | 90 days or greater | Total past | Current | Total loans | |||||||||||||||||||||||||||||||
past due | past due | due | and leases | |||||||||||||||||||||||||||||||||
Originated loans and leases: | ||||||||||||||||||||||||||||||||||||
Construction and land development - commercial | $ | 1,603 | $ | 9 | $ | 457 | $ | 2,069 | $ | 317,778 | $ | 319,847 | ||||||||||||||||||||||||
Commercial mortgage | 11,131 | 3,601 | 14,407 | 29,139 | 6,333,351 | 6,362,490 | ||||||||||||||||||||||||||||||
Other commercial real estate | 139 | 210 | 470 | 819 | 177,935 | 178,754 | ||||||||||||||||||||||||||||||
Commercial and industrial | 3,336 | 682 | 436 | 4,454 | 1,076,704 | 1,081,158 | ||||||||||||||||||||||||||||||
Lease financing | 789 | 1,341 | 101 | 2,231 | 379,532 | 381,763 | ||||||||||||||||||||||||||||||
Other | — | 85 | — | 85 | 175,251 | 175,336 | ||||||||||||||||||||||||||||||
Residential mortgage | 12,885 | 4,658 | 9,578 | 27,121 | 955,300 | 982,421 | ||||||||||||||||||||||||||||||
Revolving mortgage | 10,977 | 2,378 | 4,450 | 17,805 | 2,095,480 | 2,113,285 | ||||||||||||||||||||||||||||||
Construction and land development - noncommercial | 1,193 | 317 | 256 | 1,766 | 121,026 | 122,792 | ||||||||||||||||||||||||||||||
Consumer | 2,114 | 955 | 673 | 3,742 | 382,710 | 386,452 | ||||||||||||||||||||||||||||||
Total originated loans and leases | $ | 44,167 | $ | 14,236 | $ | 30,828 | $ | 89,231 | $ | 12,015,067 | $ | 12,104,298 | ||||||||||||||||||||||||
The recorded investment, by class, in loans and leases on nonaccrual status, and loans and leases greater than 90 days past due and still accruing at September 30, 2014 and December 31, 2013 (excluding acquired loans and leases) are as follows: | ||||||||||||||||||||||||||||||||||||
September 30, 2014 | December 31, 2013 | |||||||||||||||||||||||||||||||||||
(Dollars in thousands) | Nonaccrual | Loans and | Nonaccrual | Loans and | ||||||||||||||||||||||||||||||||
loans and | leases > 90 | loans and | leases > 90 | |||||||||||||||||||||||||||||||||
leases | days and | leases | days and | |||||||||||||||||||||||||||||||||
accruing | accruing | |||||||||||||||||||||||||||||||||||
Originated loans and leases: | ||||||||||||||||||||||||||||||||||||
Construction and land development - commercial | $ | 258 | $ | 110 | $ | 544 | $ | — | ||||||||||||||||||||||||||||
Other commercial real estate | 1,401 | — | 1,610 | — | ||||||||||||||||||||||||||||||||
Commercial mortgage | 30,279 | 2,160 | 33,529 | 1,113 | ||||||||||||||||||||||||||||||||
Commercial and industrial | 1,696 | 111 | 1,428 | 294 | ||||||||||||||||||||||||||||||||
Lease financing | 410 | 513 | 832 | — | ||||||||||||||||||||||||||||||||
Residential mortgage | 13,713 | 1,870 | 14,701 | 1,998 | ||||||||||||||||||||||||||||||||
Revolving mortgage | — | 4,950 | — | 4,450 | ||||||||||||||||||||||||||||||||
Construction and land development - noncommercial | — | 257 | 457 | 256 | ||||||||||||||||||||||||||||||||
Consumer | 21 | 556 | 69 | 673 | ||||||||||||||||||||||||||||||||
Total originated loans and leases | $ | 47,778 | $ | 10,527 | $ | 53,170 | $ | 8,784 | ||||||||||||||||||||||||||||
Acquired Loans | ||||||||||||||||||||||||||||||||||||
The following table provides changes in the recorded investment of acquired loans during the nine months ended September 30, 2014 and September 30, 2013: | ||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | 2014 | 2013 | ||||||||||||||||||||||||||||||||||
Balance at January 1 | $ | 1,029,426 | $ | 1,809,235 | ||||||||||||||||||||||||||||||||
Fair value of acquired loans | 316,327 | — | ||||||||||||||||||||||||||||||||||
Accretion | 89,775 | 179,792 | ||||||||||||||||||||||||||||||||||
Payments received and other changes, net | (439,248 | ) | (800,746 | ) | ||||||||||||||||||||||||||||||||
Balance at September 30 | $ | 996,280 | $ | 1,188,281 | ||||||||||||||||||||||||||||||||
Unpaid principal balance at September 30 | $ | 1,754,882 | $ | 2,082,873 | ||||||||||||||||||||||||||||||||
The recorded investment of acquired loans on the cost recovery method was $36.8 million at September 30, 2014 and $28.5 million at December 31, 2013. This increase is primarily driven by one large acquired loan relationship that was moved to cost recovery during the first quarter of 2014. The cost recovery method is applied to loans when the timing of future cash flows is not reasonably estimable due to borrower nonperformance or uncertainty in the timing and amount of ultimate disposition of the asset. | ||||||||||||||||||||||||||||||||||||
The following table documents changes to the amount of accretable yield for the first nine months of 2014 and 2013. | ||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | 2014 | 2013 | ||||||||||||||||||||||||||||||||||
Balance at January 1 | $ | 439,990 | $ | 539,564 | ||||||||||||||||||||||||||||||||
Additions | 84,295 | — | ||||||||||||||||||||||||||||||||||
Accretion | (89,775 | ) | (179,792 | ) | ||||||||||||||||||||||||||||||||
Reclassifications from nonaccretable difference | 1,374 | 61,689 | ||||||||||||||||||||||||||||||||||
Changes in expected cash flows that do not affect nonaccretable difference | (22,068 | ) | 45,611 | |||||||||||||||||||||||||||||||||
Balance at September 30 | $ | 413,816 | $ | 467,072 | ||||||||||||||||||||||||||||||||
Allowance_for_Loan_and_Lease_L
Allowance for Loan and Lease Losses | 9 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for Loan and Lease Losses, Adjustments, Net [Abstract] | ' | |||||||||||||||||||||||||||||||||||||||||||||||
Allowance | ' | |||||||||||||||||||||||||||||||||||||||||||||||
ALLOWANCE FOR LOAN AND LEASE LOSSES | ||||||||||||||||||||||||||||||||||||||||||||||||
The following tables present the activity in the allowance for originated loan and lease losses by loan class for the three and nine months ended September 30, 2014 and September 30, 2013: | ||||||||||||||||||||||||||||||||||||||||||||||||
Three months ended September 30, 2014 | ||||||||||||||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | Construction | Commercial | Other commercial real estate | Commercial | Lease | Other | Residential | Revolving | Construction | Consumer | Non- | Total | ||||||||||||||||||||||||||||||||||||
and land | mortgage | and industrial | financing | mortgage | mortgage | and land | specific | |||||||||||||||||||||||||||||||||||||||||
development | development | |||||||||||||||||||||||||||||||||||||||||||||||
- commercial | - non- | |||||||||||||||||||||||||||||||||||||||||||||||
commercial | ||||||||||||||||||||||||||||||||||||||||||||||||
Originated Loans | ||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for loan and lease losses: | ||||||||||||||||||||||||||||||||||||||||||||||||
Balance at July 1 | $ | 11,116 | $ | 92,129 | $ | 806 | $ | 26,909 | $ | 4,365 | $ | 612 | $ | 9,301 | $ | 16,797 | $ | 905 | $ | 13,975 | $ | — | $ | 176,915 | ||||||||||||||||||||||||
Provision | 1,469 | (8,082 | ) | 61 | 4,361 | (71 | ) | 127 | 15 | 2,075 | 21 | 1,758 | — | 1,734 | ||||||||||||||||||||||||||||||||||
Charge-offs | — | (277 | ) | — | (1,414 | ) | (28 | ) | — | (231 | ) | (925 | ) | (45 | ) | (2,467 | ) | — | (5,387 | ) | ||||||||||||||||||||||||||||
Recoveries | 15 | 476 | 8 | 227 | 34 | — | 28 | 174 | 14 | 867 | — | 1,843 | ||||||||||||||||||||||||||||||||||||
Balance at September 30 | $ | 12,600 | $ | 84,246 | $ | 875 | $ | 30,083 | $ | 4,300 | $ | 739 | $ | 9,113 | $ | 18,121 | $ | 895 | $ | 14,133 | $ | — | $ | 175,105 | ||||||||||||||||||||||||
Three months ended September 30, 2013 | ||||||||||||||||||||||||||||||||||||||||||||||||
Construction | Commercial | Other commercial real estate | Commercial | Lease | Other | Residential | Revolving | Construction | Consumer | Non- | Total | |||||||||||||||||||||||||||||||||||||
and land | mortgage | and industrial | financing | mortgage | mortgage | and land | specific | |||||||||||||||||||||||||||||||||||||||||
development | development | |||||||||||||||||||||||||||||||||||||||||||||||
- commercial | - non- | |||||||||||||||||||||||||||||||||||||||||||||||
commercial | ||||||||||||||||||||||||||||||||||||||||||||||||
Balance at July 1 | $ | 11,732 | $ | 104,842 | $ | 1,057 | $ | 19,309 | $ | 4,992 | $ | 360 | $ | 9,996 | $ | 14,997 | $ | 720 | $ | 13,777 | $ | — | $ | 181,782 | ||||||||||||||||||||||||
Provision | 1,797 | (5,256 | ) | (56 | ) | 4,656 | (439 | ) | (171 | ) | 515 | 2,206 | (214 | ) | 1,894 | — | 4,932 | |||||||||||||||||||||||||||||||
Charge-offs | (3,030 | ) | (794 | ) | (5 | ) | (1,671 | ) | (31 | ) | — | (719 | ) | (1,472 | ) | (59 | ) | (2,445 | ) | — | (10,226 | ) | ||||||||||||||||||||||||||
Recoveries | 84 | 241 | 39 | 344 | 71 | — | 253 | 84 | 101 | 577 | — | 1,794 | ||||||||||||||||||||||||||||||||||||
Balance at September 30 | $ | 10,583 | $ | 99,033 | $ | 1,035 | $ | 22,638 | $ | 4,593 | $ | 189 | $ | 10,045 | $ | 15,815 | $ | 548 | $ | 13,803 | $ | — | $ | 178,282 | ||||||||||||||||||||||||
Nine months ended September 30, 2014 | ||||||||||||||||||||||||||||||||||||||||||||||||
Construction | Commercial | Other commercial real estate | Commercial | Lease | Other | Residential | Revolving | Construction | Consumer | Non- | Total | |||||||||||||||||||||||||||||||||||||
and land | mortgage | and industrial | financing | mortgage | mortgage | and land | specific | |||||||||||||||||||||||||||||||||||||||||
development | development | |||||||||||||||||||||||||||||||||||||||||||||||
- commercial | - non- | |||||||||||||||||||||||||||||||||||||||||||||||
commercial | ||||||||||||||||||||||||||||||||||||||||||||||||
Balance at January 1 | $ | 10,335 | $ | 100,257 | $ | 1,009 | $ | 22,362 | $ | 4,749 | $ | 190 | $ | 10,511 | $ | 16,239 | $ | 681 | $ | 13,541 | $ | — | $ | 179,874 | ||||||||||||||||||||||||
Provision | 2,219 | (17,021 | ) | (167 | ) | 9,369 | (420 | ) | 562 | (933 | ) | 4,681 | 274 | 5,770 | — | 4,334 | ||||||||||||||||||||||||||||||||
Charge-offs | — | (718 | ) | — | (2,440 | ) | (100 | ) | (13 | ) | (649 | ) | (3,249 | ) | (138 | ) | (7,271 | ) | — | (14,578 | ) | |||||||||||||||||||||||||||
Recoveries | 46 | 1,728 | 33 | 792 | 71 | — | 184 | 450 | 78 | 2,093 | — | 5,475 | ||||||||||||||||||||||||||||||||||||
Balance at September 30 | $ | 12,600 | $ | 84,246 | $ | 875 | $ | 30,083 | $ | 4,300 | $ | 739 | $ | 9,113 | $ | 18,121 | $ | 895 | $ | 14,133 | $ | — | $ | 175,105 | ||||||||||||||||||||||||
Nine months ended September 30, 2013 | ||||||||||||||||||||||||||||||||||||||||||||||||
Construction | Commercial | Other commercial real estate | Commercial | Lease | Other | Residential | Revolving | Construction | Consumer | Non- | Total | |||||||||||||||||||||||||||||||||||||
and land | mortgage | and industrial | financing | mortgage | mortgage | and land | specific | |||||||||||||||||||||||||||||||||||||||||
development | development | |||||||||||||||||||||||||||||||||||||||||||||||
- commercial | - non- | |||||||||||||||||||||||||||||||||||||||||||||||
commercial | ||||||||||||||||||||||||||||||||||||||||||||||||
Balance at January 1 | $ | 6,031 | $ | 80,229 | $ | 2,059 | $ | 14,050 | $ | 3,521 | $ | 1,175 | $ | 3,836 | $ | 25,185 | $ | 1,721 | $ | 25,389 | $ | 15,850 | $ | 179,046 | ||||||||||||||||||||||||
Provision | 3,259 | (7,695 | ) | (207 | ) | 3,951 | 1,358 | 307 | 2,126 | 4,546 | (571 | ) | 4,183 | (78 | ) | 11,179 | ||||||||||||||||||||||||||||||||
Charge-offs | (4,570 | ) | (1,662 | ) | (77 | ) | (3,917 | ) | (123 | ) | (6 | ) | (1,987 | ) | (4,540 | ) | (304 | ) | (7,601 | ) | — | (24,787 | ) | |||||||||||||||||||||||||
Recoveries | 722 | 740 | 75 | 1,003 | 90 | 1 | 353 | 462 | 180 | 1,850 | — | 5,476 | ||||||||||||||||||||||||||||||||||||
Reclassification (1) | 5,141 | 27,421 | (815 | ) | 7,551 | (253 | ) | (1,288 | ) | 5,717 | (9,838 | ) | (478 | ) | (10,018 | ) | (15,772 | ) | 7,368 | |||||||||||||||||||||||||||||
Balance at September 30 | $ | 10,583 | $ | 99,033 | $ | 1,035 | $ | 22,638 | $ | 4,593 | $ | 189 | $ | 10,045 | $ | 15,815 | $ | 548 | $ | 13,803 | $ | — | $ | 178,282 | ||||||||||||||||||||||||
(1) Reclassification results from enhancements to the ALLL calculation during the second quarter of 2013 that resulted in the allocation of $15.8 million previously designated as 'non-specific' to other loan classes and the absorption of $7.4 million of the reserve for unfunded commitments related to unfunded, revocable loan commitments into the ALLL. | ||||||||||||||||||||||||||||||||||||||||||||||||
The commercial mortgage loan class had a net credit provision of $8.1 million and $17.0 million for the three and nine months ended September 30, 2014, respectively. The net credit provision for the three and nine months ended September 30, 2013 was $5.3 million and $7.7 million, respectively. The net credit provision for all periods was primarily the result of improvements in the credit risk rating mix and lower credit default trends within this loan class. | ||||||||||||||||||||||||||||||||||||||||||||||||
The provision for commercial and industrial loans totaled $4.4 million and $4.7 million for the three months ended September 30, 2014 and September 30, 2013, respectively. The quarter-to-date change is primarily due to lower credit default trends. The provision for the nine months ended September 30, 2014 and September 30, 2013 totaled $9.4 million and $4.0 million, respectively. The year-to-date change was a result of increased loans during the respective period. | ||||||||||||||||||||||||||||||||||||||||||||||||
The following tables present the allowance for originated loan losses and the recorded investment in originated loans, by loan class, based on impairment method as of September 30, 2014 and December 31, 2013: | ||||||||||||||||||||||||||||||||||||||||||||||||
September 30, 2014 | ||||||||||||||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | Construction | Commercial | Other | Commercial | Lease | Other | Residential | Revolving | Construction | Consumer | Total | |||||||||||||||||||||||||||||||||||||
and land | mortgage | commercial | and industrial | financing | mortgage | mortgage | and land | |||||||||||||||||||||||||||||||||||||||||
development | real estate | development | ||||||||||||||||||||||||||||||||||||||||||||||
- commercial | - non-commercial | |||||||||||||||||||||||||||||||||||||||||||||||
Allowance for loan and lease losses: | ||||||||||||||||||||||||||||||||||||||||||||||||
ALLL for loans and leases individually evaluated for impairment | $ | 382 | $ | 5,811 | $ | 173 | $ | 3,042 | $ | 151 | $ | 6 | $ | 1,416 | $ | 1,060 | $ | 103 | $ | 594 | $ | 12,738 | ||||||||||||||||||||||||||
ALLL for loans and leases collectively evaluated for impairment | 12,218 | 78,435 | 702 | 27,041 | 4,149 | 733 | 7,697 | 17,061 | 792 | 13,539 | 162,367 | |||||||||||||||||||||||||||||||||||||
Total allowance for loan and lease losses | $ | 12,600 | $ | 84,246 | $ | 875 | $ | 30,083 | $ | 4,300 | $ | 739 | $ | 9,113 | $ | 18,121 | $ | 895 | $ | 14,133 | $ | 175,105 | ||||||||||||||||||||||||||
Loans and leases: | ||||||||||||||||||||||||||||||||||||||||||||||||
Loans and leases individually evaluated for impairment | $ | 2,068 | $ | 88,735 | $ | 1,966 | $ | 11,484 | $ | 281 | $ | 40 | $ | 14,800 | $ | 3,497 | $ | 1,498 | $ | 1,042 | $ | 125,411 | ||||||||||||||||||||||||||
Loans and leases collectively evaluated for impairment | 380,707 | 6,386,631 | 175,715 | 1,348,461 | 443,037 | 213,184 | 1,126,249 | 2,116,670 | 115,711 | 374,735 | 12,681,100 | |||||||||||||||||||||||||||||||||||||
Total loan and leases | $ | 382,775 | $ | 6,475,366 | $ | 177,681 | $ | 1,359,945 | $ | 443,318 | $ | 213,224 | $ | 1,141,049 | $ | 2,120,167 | $ | 117,209 | $ | 375,777 | $ | 12,806,511 | ||||||||||||||||||||||||||
December 31, 2013 | ||||||||||||||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | Construction | Commercial | Other | Commercial | Lease | Other | Residential | Revolving | Construction | Consumer | Total | |||||||||||||||||||||||||||||||||||||
and land | mortgage | commercial | and industrial | financing | mortgage | mortgage | and land | |||||||||||||||||||||||||||||||||||||||||
development | real estate | development | ||||||||||||||||||||||||||||||||||||||||||||||
- commercial | - non-commercial | |||||||||||||||||||||||||||||||||||||||||||||||
Allowance for loan and lease losses: | ||||||||||||||||||||||||||||||||||||||||||||||||
ALLL for loans and leases individually evaluated for impairment | $ | 103 | $ | 6,873 | $ | 209 | $ | 771 | $ | 54 | $ | — | $ | 1,586 | $ | 372 | $ | 72 | $ | 121 | $ | 10,161 | ||||||||||||||||||||||||||
ALLL for loans and leases collectively evaluated for impairment | 10,232 | 93,384 | 800 | 21,591 | 4,695 | 190 | 8,925 | 15,867 | 609 | 13,420 | 169,713 | |||||||||||||||||||||||||||||||||||||
Total allowance for loan and lease losses | $ | 10,335 | $ | 100,257 | $ | 1,009 | $ | 22,362 | $ | 4,749 | $ | 190 | $ | 10,511 | $ | 16,239 | $ | 681 | $ | 13,541 | $ | 179,874 | ||||||||||||||||||||||||||
Loans and leases: | ||||||||||||||||||||||||||||||||||||||||||||||||
Loans and leases individually evaluated for impairment | $ | 2,272 | $ | 97,111 | $ | 1,878 | $ | 9,300 | $ | 188 | $ | — | $ | 15,539 | $ | 3,596 | $ | 1,108 | $ | 1,154 | $ | 132,146 | ||||||||||||||||||||||||||
Loans and leases collectively evaluated for impairment | 317,575 | 6,265,379 | 176,876 | 1,071,858 | 381,575 | 175,336 | 966,882 | 2,109,689 | 121,684 | 385,298 | 11,972,152 | |||||||||||||||||||||||||||||||||||||
Total loan and leases | $ | 319,847 | $ | 6,362,490 | $ | 178,754 | $ | 1,081,158 | $ | 381,763 | $ | 175,336 | $ | 982,421 | $ | 2,113,285 | $ | 122,792 | $ | 386,452 | $ | 12,104,298 | ||||||||||||||||||||||||||
The total reserves for individually impaired loans increased due to enhancements in the TDR impairment calculation made in the second quarter of 2014. TDR impairment evaluation, for performing TDRs, has historically been calculated on pools of homogeneous loan groups, as determined by loan type with similar risk characteristics and performance trends, using a discounted cash flow analysis. Management enhanced this process during the second quarter to include individual loan level impairment analysis for performing TDRs which resulted in higher impairment estimates for some TDR loans. | ||||||||||||||||||||||||||||||||||||||||||||||||
The following tables show the activity in the allowance for acquired loan and lease losses by loan class for the three and nine months ended September 30, 2014 and September 30, 2013. | ||||||||||||||||||||||||||||||||||||||||||||||||
Three months ended September 30, 2014 | ||||||||||||||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | Construction | Commercial | Other | Commercial | Residential | Revolving | Construction | Consumer | Total | |||||||||||||||||||||||||||||||||||||||
and land | mortgage | commercial | and | mortgage | mortgage | and land | and other | |||||||||||||||||||||||||||||||||||||||||
development - | real estate | industrial | development - | |||||||||||||||||||||||||||||||||||||||||||||
commercial | noncommercial | |||||||||||||||||||||||||||||||||||||||||||||||
Acquired Loans | ||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for loan and lease losses: | ||||||||||||||||||||||||||||||||||||||||||||||||
Balance at July 1 | $ | 3,803 | $ | 17,315 | $ | 407 | $ | 375 | $ | 7,093 | $ | 81 | $ | — | $ | 257 | $ | 29,331 | ||||||||||||||||||||||||||||||
Provision | (1,815 | ) | (2,374 | ) | (435 | ) | 182 | 187 | 3,899 | 239 | (80 | ) | (197 | ) | ||||||||||||||||||||||||||||||||||
Charge-offs | (1,633 | ) | (2,357 | ) | 106 | 839 | (188 | ) | (1 | ) | (83 | ) | (17 | ) | (3,334 | ) | ||||||||||||||||||||||||||||||||
Recoveries | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||
Balance at September 30 | $ | 355 | $ | 12,584 | $ | 78 | $ | 1,396 | $ | 7,092 | $ | 3,979 | $ | 156 | $ | 160 | $ | 25,800 | ||||||||||||||||||||||||||||||
Three months ended September 30, 2013 | ||||||||||||||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | Construction | Commercial | Other | Commercial | Residential | Revolving | Construction | Consumer | Total | |||||||||||||||||||||||||||||||||||||||
and land | mortgage | commercial | and | mortgage | mortgage | and land | and other | |||||||||||||||||||||||||||||||||||||||||
development - | real estate | industrial | development - | |||||||||||||||||||||||||||||||||||||||||||||
commercial | noncommercial | |||||||||||||||||||||||||||||||||||||||||||||||
Balance at July 1 | $ | 7,589 | $ | 33,588 | $ | 4,596 | $ | 5,936 | $ | 17,272 | $ | 6,031 | $ | 1,232 | $ | 290 | $ | 76,534 | ||||||||||||||||||||||||||||||
Provision | (3,707 | ) | (1,944 | ) | (2,673 | ) | (73 | ) | (2,445 | ) | (1,195 | ) | (467 | ) | (111 | ) | (12,615 | ) | ||||||||||||||||||||||||||||||
Charge-offs | (1,263 | ) | (2,324 | ) | — | (89 | ) | (509 | ) | — | (217 | ) | — | (4,402 | ) | |||||||||||||||||||||||||||||||||
Recoveries | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||
Balance at September 30 | $ | 2,619 | $ | 29,320 | $ | 1,923 | $ | 5,774 | $ | 14,318 | $ | 4,836 | $ | 548 | $ | 179 | $ | 59,517 | ||||||||||||||||||||||||||||||
Nine months ended September 30, 2014 | ||||||||||||||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | Construction | Commercial | Other | Commercial | Residential | Revolving | Construction | Consumer | Total | |||||||||||||||||||||||||||||||||||||||
and land | mortgage | commercial | and | mortgage | mortgage | and land | and other | |||||||||||||||||||||||||||||||||||||||||
development - | real estate | industrial | development - | |||||||||||||||||||||||||||||||||||||||||||||
commercial | noncommercial | |||||||||||||||||||||||||||||||||||||||||||||||
Balance at January 1 | $ | 1,320 | $ | 29,906 | $ | 1,354 | $ | 5,275 | $ | 11,802 | $ | 2,959 | $ | 682 | $ | 222 | $ | 53,520 | ||||||||||||||||||||||||||||||
Provision | 1,463 | (6,946 | ) | (1,382 | ) | (1,883 | ) | (4,289 | ) | 1,502 | (443 | ) | (21 | ) | (11,999 | ) | ||||||||||||||||||||||||||||||||
Charge-offs | (2,428 | ) | (10,376 | ) | 106 | (1,996 | ) | (421 | ) | (482 | ) | (83 | ) | (41 | ) | (15,721 | ) | |||||||||||||||||||||||||||||||
Recoveries | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||
Balance at September 30 | $ | 355 | $ | 12,584 | $ | 78 | $ | 1,396 | $ | 7,092 | $ | 3,979 | $ | 156 | $ | 160 | $ | 25,800 | ||||||||||||||||||||||||||||||
Nine months ended September 30, 2013 | ||||||||||||||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | Construction | Commercial | Other | Commercial | Residential | Revolving | Construction | Consumer | Total | |||||||||||||||||||||||||||||||||||||||
and land | mortgage | commercial | and | mortgage | mortgage | and land | and other | |||||||||||||||||||||||||||||||||||||||||
development - | real estate | industrial | development - | |||||||||||||||||||||||||||||||||||||||||||||
commercial | noncommercial | |||||||||||||||||||||||||||||||||||||||||||||||
Balance at January 1 | $ | 31,186 | $ | 50,275 | $ | 11,234 | $ | 8,897 | $ | 19,837 | $ | 9,754 | $ | 8,287 | $ | 502 | $ | 139,972 | ||||||||||||||||||||||||||||||
Provision | (25,132 | ) | (10,809 | ) | (2,689 | ) | 2,067 | (3,546 | ) | (4,918 | ) | (7,739 | ) | 2,056 | (50,710 | ) | ||||||||||||||||||||||||||||||||
Charge-offs | (3,435 | ) | (10,146 | ) | (6,622 | ) | (5,190 | ) | (1,973 | ) | — | — | (2,379 | ) | (29,745 | ) | ||||||||||||||||||||||||||||||||
Recoveries | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||
Balance at September 30 | $ | 2,619 | $ | 29,320 | $ | 1,923 | $ | 5,774 | $ | 14,318 | $ | 4,836 | $ | 548 | $ | 179 | $ | 59,517 | ||||||||||||||||||||||||||||||
The following tables show the ending balances of acquired loans and leases and related allowance by class of loans as of September 30, 2014 and December 31, 2013: | ||||||||||||||||||||||||||||||||||||||||||||||||
September 30, 2014 | ||||||||||||||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | Construction | Commercial | Other | Commercial | Residential | Revolving | Construction | Consumer | Total | |||||||||||||||||||||||||||||||||||||||
and land | mortgage | commercial | and | mortgage | mortgage | and land | and other | |||||||||||||||||||||||||||||||||||||||||
development - | real estate | industrial | development - | |||||||||||||||||||||||||||||||||||||||||||||
commercial | noncommercial | |||||||||||||||||||||||||||||||||||||||||||||||
ALLL for loans and leases acquired with deteriorated credit quality | $ | 355 | $ | 12,584 | $ | 78 | $ | 1,396 | $ | 7,092 | $ | 3,979 | $ | 156 | $ | 160 | $ | 25,800 | ||||||||||||||||||||||||||||||
Loans and leases acquired with deteriorated credit quality | 59,808 | 579,435 | 36,043 | 25,797 | 240,681 | 50,048 | 1,144 | 3,324 | 996,280 | |||||||||||||||||||||||||||||||||||||||
December 31, 2013 | ||||||||||||||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | Construction | Commercial | Other | Commercial | Residential | Revolving | Construction | Consumer | Total | |||||||||||||||||||||||||||||||||||||||
and land | mortgage | commercial | and | mortgage | mortgage | and land | and other | |||||||||||||||||||||||||||||||||||||||||
development - | real estate | industrial | development - | |||||||||||||||||||||||||||||||||||||||||||||
commercial | noncommercial | |||||||||||||||||||||||||||||||||||||||||||||||
ALLL for loans and leases acquired with deteriorated credit quality | $ | 1,320 | $ | 29,906 | $ | 1,354 | $ | 5,275 | $ | 11,802 | $ | 2,959 | $ | 682 | $ | 222 | $ | 53,520 | ||||||||||||||||||||||||||||||
Loans and leases acquired with deteriorated credit quality | 78,915 | 642,891 | 41,381 | 17,254 | 213,851 | 30,834 | 2,583 | 1,717 | 1,029,426 | |||||||||||||||||||||||||||||||||||||||
As of September 30, 2014 and December 31, 2013, $532.0 million and $459.9 million, respectively, in acquired loans experienced an adverse change in expected cash flows since the date of acquisition. | ||||||||||||||||||||||||||||||||||||||||||||||||
The following tables provide information on originated loans and leases that are individually evaluated for impairment as of September 30, 2014 and December 31, 2013. | ||||||||||||||||||||||||||||||||||||||||||||||||
September 30, 2014 | ||||||||||||||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | With a | With no | Total | Unpaid | Related | |||||||||||||||||||||||||||||||||||||||||||
recorded | recorded | principal | allowance | |||||||||||||||||||||||||||||||||||||||||||||
allowance | allowance | balance | recorded | |||||||||||||||||||||||||||||||||||||||||||||
Impaired originated loans and leases | ||||||||||||||||||||||||||||||||||||||||||||||||
Construction and land development - commercial | $ | 1,379 | $ | 689 | $ | 2,068 | $ | 7,090 | $ | 382 | ||||||||||||||||||||||||||||||||||||||
Commercial mortgage | 56,845 | 31,890 | 88,735 | 94,021 | 5,811 | |||||||||||||||||||||||||||||||||||||||||||
Other commercial real estate | 720 | 1,246 | 1,966 | 2,365 | 173 | |||||||||||||||||||||||||||||||||||||||||||
Commercial and industrial | 10,272 | 1,212 | 11,484 | 12,563 | 3,042 | |||||||||||||||||||||||||||||||||||||||||||
Lease financing | 281 | — | 281 | 281 | 151 | |||||||||||||||||||||||||||||||||||||||||||
Other | 40 | — | 40 | 40 | 6 | |||||||||||||||||||||||||||||||||||||||||||
Residential mortgage | 9,556 | 5,244 | 14,800 | 15,260 | 1,416 | |||||||||||||||||||||||||||||||||||||||||||
Revolving mortgage | 3,497 | — | 3,497 | 4,719 | 1,060 | |||||||||||||||||||||||||||||||||||||||||||
Construction and land development - noncommercial | 1,323 | 175 | 1,498 | 1,498 | 103 | |||||||||||||||||||||||||||||||||||||||||||
Consumer | 1,023 | 19 | 1,042 | 1,092 | 594 | |||||||||||||||||||||||||||||||||||||||||||
Total impaired originated loans and leases | $ | 84,936 | $ | 40,475 | $ | 125,411 | $ | 138,929 | $ | 12,738 | ||||||||||||||||||||||||||||||||||||||
December 31, 2013 | ||||||||||||||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | With a | With no | Total | Unpaid | Related | |||||||||||||||||||||||||||||||||||||||||||
recorded | recorded | principal | allowance | |||||||||||||||||||||||||||||||||||||||||||||
allowance | allowance | balance | recorded | |||||||||||||||||||||||||||||||||||||||||||||
Impaired originated loans and leases | ||||||||||||||||||||||||||||||||||||||||||||||||
Construction and land development - commercial | $ | 1,025 | $ | 1,247 | $ | 2,272 | $ | 7,306 | $ | 103 | ||||||||||||||||||||||||||||||||||||||
Commercial mortgage | 57,819 | 39,292 | 97,111 | 103,522 | 6,873 | |||||||||||||||||||||||||||||||||||||||||||
Other commercial real estate | 783 | 1,095 | 1,878 | 2,279 | 209 | |||||||||||||||||||||||||||||||||||||||||||
Commercial and industrial | 7,197 | 2,103 | 9,300 | 10,393 | 771 | |||||||||||||||||||||||||||||||||||||||||||
Lease financing | 133 | 55 | 188 | 188 | 54 | |||||||||||||||||||||||||||||||||||||||||||
Residential mortgage | 11,534 | 4,005 | 15,539 | 15,939 | 1,586 | |||||||||||||||||||||||||||||||||||||||||||
Revolving mortgage | 3,382 | 214 | 3,596 | 3,596 | 372 | |||||||||||||||||||||||||||||||||||||||||||
Construction and land development - noncommercial | 651 | 457 | 1,108 | 1,108 | 72 | |||||||||||||||||||||||||||||||||||||||||||
Consumer | 1,154 | — | 1,154 | 1,154 | 121 | |||||||||||||||||||||||||||||||||||||||||||
Total impaired originated loans and leases | $ | 83,678 | $ | 48,468 | $ | 132,146 | $ | 145,485 | $ | 10,161 | ||||||||||||||||||||||||||||||||||||||
The following tables show the average impaired originated loan balance and the interest income recognized by loan class for the three and nine months ended September 30, 2014 and September 30, 2013: | ||||||||||||||||||||||||||||||||||||||||||||||||
Three months ended September 30, 2014 | Three months ended September 30, 2013 | |||||||||||||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | Average | Interest income recognized | Average | Interest income recognized | ||||||||||||||||||||||||||||||||||||||||||||
balance | balance | |||||||||||||||||||||||||||||||||||||||||||||||
Impaired originated loans and leases: | ||||||||||||||||||||||||||||||||||||||||||||||||
Construction and land development - commercial | $ | 2,296 | $ | 26 | $ | 5,553 | $ | 29 | ||||||||||||||||||||||||||||||||||||||||
Commercial mortgage | 90,318 | 806 | 117,584 | 1,575 | ||||||||||||||||||||||||||||||||||||||||||||
Other commercial real estate | 1,980 | 7 | 2,852 | 39 | ||||||||||||||||||||||||||||||||||||||||||||
Commercial and industrial | 11,699 | 108 | 12,136 | 127 | ||||||||||||||||||||||||||||||||||||||||||||
Lease financing | 312 | 5 | 312 | 5 | ||||||||||||||||||||||||||||||||||||||||||||
Other | 42 | 1 | — | — | ||||||||||||||||||||||||||||||||||||||||||||
Residential mortgage | 15,071 | 111 | 15,137 | 181 | ||||||||||||||||||||||||||||||||||||||||||||
Revolving mortgage | 3,708 | 29 | 6,564 | 47 | ||||||||||||||||||||||||||||||||||||||||||||
Construction and land development - noncommercial | 1,942 | 27 | 943 | 14 | ||||||||||||||||||||||||||||||||||||||||||||
Consumer | 1,063 | 19 | 1,253 | 4 | ||||||||||||||||||||||||||||||||||||||||||||
Average impaired originated loans and leases | $ | 128,431 | $ | 1,139 | $ | 162,334 | $ | 2,021 | ||||||||||||||||||||||||||||||||||||||||
Nine months ended September 30, 2014 | Nine months ended September 30, 2013 | |||||||||||||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | Average | Interest income recognized | Average | Interest income recognized | ||||||||||||||||||||||||||||||||||||||||||||
balance | balance | |||||||||||||||||||||||||||||||||||||||||||||||
Impaired originated loans and leases: | ||||||||||||||||||||||||||||||||||||||||||||||||
Construction and land development - commercial | $ | 1,701 | $ | 57 | $ | 7,793 | $ | 242 | ||||||||||||||||||||||||||||||||||||||||
Commercial mortgage | 86,131 | 2,522 | 107,929 | 4,413 | ||||||||||||||||||||||||||||||||||||||||||||
Other commercial real estate | 2,474 | 67 | 2,893 | 121 | ||||||||||||||||||||||||||||||||||||||||||||
Commercial and industrial | 14,227 | 461 | 13,811 | 533 | ||||||||||||||||||||||||||||||||||||||||||||
Lease financing | 589 | 26 | 399 | 19 | ||||||||||||||||||||||||||||||||||||||||||||
Other | 29 | 2 | — | — | ||||||||||||||||||||||||||||||||||||||||||||
Residential mortgage | 15,525 | 395 | 15,441 | 253 | ||||||||||||||||||||||||||||||||||||||||||||
Revolving mortgage | 4,069 | 105 | 6,337 | 459 | ||||||||||||||||||||||||||||||||||||||||||||
Construction and land development - noncommercial | 1,902 | 77 | 907 | 39 | ||||||||||||||||||||||||||||||||||||||||||||
Consumer | 1,710 | 70 | 1,508 | 33 | ||||||||||||||||||||||||||||||||||||||||||||
Average impaired originated loans and leases | $ | 128,357 | $ | 3,782 | $ | 157,018 | $ | 6,112 | ||||||||||||||||||||||||||||||||||||||||
Troubled Debt Restructurings | ||||||||||||||||||||||||||||||||||||||||||||||||
BancShares accounts for certain loan modifications or restructurings as troubled debt restructurings (TDRs). In general, the modification or restructuring of a loan is considered a TDR if, for economic reasons or legal reasons related to a borrower's financial difficulties, a concession is granted to the borrower that creditors would not otherwise grant. Concessions may relate to the contractual interest rate, maturity date, payment structure or other actions. In accordance with GAAP, loans acquired under ASC 310-30, Loans and Debt Securities Acquired with Deteriorated Credit Quality, are not initially considered to be TDRs, but can be classified as such if a modification is made subsequent to acquisition. Modifications of acquired loans that are part of a pool are not designated as TDRs unless the entire pool qualifies as a TDR. The following table provides a summary of total TDRs by accrual status. | ||||||||||||||||||||||||||||||||||||||||||||||||
September 30, 2014 | December 31, 2013 | |||||||||||||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | Accruing | Nonaccruing | Total | Accruing | Nonaccruing | Total | ||||||||||||||||||||||||||||||||||||||||||
Commercial loans | ||||||||||||||||||||||||||||||||||||||||||||||||
Construction and land development - commercial | $ | 3,518 | $ | 213 | $ | 3,731 | $ | 21,032 | $ | 1,002 | $ | 22,034 | ||||||||||||||||||||||||||||||||||||
Commercial mortgage | 100,114 | 17,866 | 117,980 | 113,323 | 23,387 | 136,710 | ||||||||||||||||||||||||||||||||||||||||||
Other commercial real estate | 3,085 | 1,229 | 4,314 | 3,470 | 1,150 | 4,620 | ||||||||||||||||||||||||||||||||||||||||||
Commercial and industrial | 10,079 | 696 | 10,775 | 9,838 | 1,142 | 10,980 | ||||||||||||||||||||||||||||||||||||||||||
Lease | 281 | — | 281 | 49 | — | 49 | ||||||||||||||||||||||||||||||||||||||||||
Other | 40 | — | 40 | — | — | — | ||||||||||||||||||||||||||||||||||||||||||
Total commercial TDRs | 117,117 | 20,004 | 137,121 | 147,712 | 26,681 | 174,393 | ||||||||||||||||||||||||||||||||||||||||||
Noncommercial | ||||||||||||||||||||||||||||||||||||||||||||||||
Residential | 24,444 | 2,886 | 27,330 | 23,343 | 3,663 | 27,006 | ||||||||||||||||||||||||||||||||||||||||||
Revolving mortgage | 3,497 | — | 3,497 | 3,095 | — | 3,095 | ||||||||||||||||||||||||||||||||||||||||||
Construction and land development - noncommercial | 1,498 | — | 1,498 | 651 | 457 | 1,108 | ||||||||||||||||||||||||||||||||||||||||||
Consumer and other | 1,042 | — | 1,042 | 1,154 | — | 1,154 | ||||||||||||||||||||||||||||||||||||||||||
Total noncommercial TDRs | 30,481 | 2,886 | 33,367 | 28,243 | 4,120 | 32,363 | ||||||||||||||||||||||||||||||||||||||||||
Total TDRs | $ | 147,598 | $ | 22,890 | $ | 170,488 | $ | 175,955 | $ | 30,801 | $ | 206,756 | ||||||||||||||||||||||||||||||||||||
The following table shows the accrual status of acquired and originated TDRs. | ||||||||||||||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | September 30, 2014 | December 31, 2013 | ||||||||||||||||||||||||||||||||||||||||||||||
Accruing TDRs: | ||||||||||||||||||||||||||||||||||||||||||||||||
Acquired | $ | 54,670 | $ | 90,829 | ||||||||||||||||||||||||||||||||||||||||||||
Originated | 92,928 | 85,126 | ||||||||||||||||||||||||||||||||||||||||||||||
Total accruing TDRs | 147,598 | 175,955 | ||||||||||||||||||||||||||||||||||||||||||||||
Nonaccruing TDRs: | ||||||||||||||||||||||||||||||||||||||||||||||||
Acquired | 5,073 | 11,479 | ||||||||||||||||||||||||||||||||||||||||||||||
Originated | 17,817 | 19,322 | ||||||||||||||||||||||||||||||||||||||||||||||
Total nonaccruing TDRs | 22,890 | 30,801 | ||||||||||||||||||||||||||||||||||||||||||||||
All TDRs: | ||||||||||||||||||||||||||||||||||||||||||||||||
Acquired | 59,743 | 102,308 | ||||||||||||||||||||||||||||||||||||||||||||||
Originated | 110,745 | 104,448 | ||||||||||||||||||||||||||||||||||||||||||||||
Total TDRs | $ | 170,488 | $ | 206,756 | ||||||||||||||||||||||||||||||||||||||||||||
At September 30, 2014, $38.5 million acquired TDRs were covered under loss share agreements, compared to $102.3 million at December 31, 2013. | ||||||||||||||||||||||||||||||||||||||||||||||||
All TDRs are impaired loans; therefore, TDRs are evaluated for impairment on a quarterly basis or more frequently as needed. The impairment evaluations for performing TDRs has historically been performed by pools of homogeneous loan groups, as determined by loan type with similar risk characteristics and performance trends, using a discounted cash flow analysis. Management enhanced this process during the second quarter to include individual loan level impairment analyses for all performing TDRs. | ||||||||||||||||||||||||||||||||||||||||||||||||
Impairment is evaluated using one of three approved valuation methodologies: discounted cash flows, market prices or collateral values. Based on the accrual status and credit grade, management determines the most appropriate method to reasonably assess expectations for recovery of the investment. Expected cash flows are discounted at the loan’s original effective interest rate. Specific valuation allowances are established for discounted cash flows or partial charge-offs and are recorded for TDRs in the amount equal to the calculated impairment. | ||||||||||||||||||||||||||||||||||||||||||||||||
The majority of TDRs are included in the special mention, substandard or doubtful grading categories. When a restructured loan subsequently defaults, it is evaluated and downgraded if appropriate. The more severely graded the loan, the lower the estimated expected cash flows and the greater the allowance recorded. | ||||||||||||||||||||||||||||||||||||||||||||||||
The following tables provide the types of TDRs made during the three and nine months ended September 30, 2014 and September 30, 2013 for originated loans, as well as a summary of originated loans that were modified as a TDR during the twelve months ended September 30, 2014 and September 30, 2013 that subsequently defaulted during the three and nine months ended September 30, 2014 and September 30, 2013. BancShares defines payment default as movement of the TDR to nonaccrual status, which is generally 90 days past due for TDRs, foreclosure or charge-off, whichever occurs first. | ||||||||||||||||||||||||||||||||||||||||||||||||
Three months ended September 30, 2014 | Three months ended September 30, 2013 | |||||||||||||||||||||||||||||||||||||||||||||||
All restructurings | Restructurings with payment default | All restructurings | Restructurings with payment default | |||||||||||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | Number of Loans | Recorded investment at period end | Number of Loans | Recorded investment at period end | Number of Loans | Recorded investment at period end | Number of Loans | Recorded investment at period end | ||||||||||||||||||||||||||||||||||||||||
Originated loans | ||||||||||||||||||||||||||||||||||||||||||||||||
Interest only period provided | ||||||||||||||||||||||||||||||||||||||||||||||||
Commercial and industrial | — | $ | — | — | $ | — | 1 | $ | 203 | — | $ | — | ||||||||||||||||||||||||||||||||||||
Total interest only | — | — | — | — | 1 | 203 | — | — | ||||||||||||||||||||||||||||||||||||||||
Loan term extension | ||||||||||||||||||||||||||||||||||||||||||||||||
Commercial mortgage | 1 | 462 | — | — | 5 | 2,372 | 4 | 1,303 | ||||||||||||||||||||||||||||||||||||||||
Residential mortgage | 3 | 80 | — | — | 2 | 590 | — | — | ||||||||||||||||||||||||||||||||||||||||
Construction and land development - noncommercial | 2 | 141 | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||
Consumer | 2 | 81 | — | — | 1 | 21 | — | — | ||||||||||||||||||||||||||||||||||||||||
Total loan term extension | 8 | 764 | — | — | 8 | 2,983 | 4 | 1,303 | ||||||||||||||||||||||||||||||||||||||||
Below market interest rate | ||||||||||||||||||||||||||||||||||||||||||||||||
Construction and land development - commercial | — | — | — | — | 1 | 45 | — | — | ||||||||||||||||||||||||||||||||||||||||
Commercial mortgage | 6 | 3,062 | 1 | 176 | 4 | 859 | 5 | 5,125 | ||||||||||||||||||||||||||||||||||||||||
Commercial and industrial | 3 | 462 | — | — | — | — | 1 | 173 | ||||||||||||||||||||||||||||||||||||||||
Residential mortgage | 11 | 609 | 1 | 45 | 1 | 319 | — | — | ||||||||||||||||||||||||||||||||||||||||
Revolving mortgage | — | — | — | — | 3 | 43 | 1 | 73 | ||||||||||||||||||||||||||||||||||||||||
Construction and land development - noncommercial | 3 | 173 | — | — | 2 | 42 | — | — | ||||||||||||||||||||||||||||||||||||||||
Consumer | 5 | 162 | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||
Total below market interest rate | 28 | 4,468 | 2 | 221 | 11 | 1,308 | 7 | 5,371 | ||||||||||||||||||||||||||||||||||||||||
Discharged from bankruptcy | ||||||||||||||||||||||||||||||||||||||||||||||||
Commercial mortgage | 1 | — | 1 | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||
Residential mortgage | — | — | — | — | — | — | 2 | 44 | ||||||||||||||||||||||||||||||||||||||||
Revolving mortgage | 2 | 99 | 1 | — | 3 | 125 | 2 | 47 | ||||||||||||||||||||||||||||||||||||||||
Construction and land development-noncommercial | — | — | 1 | 62 | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||
Consumer | 1 | 13 | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||
Total discharged from bankruptcy | 4 | 112 | 3 | 62 | 3 | 125 | 4 | 91 | ||||||||||||||||||||||||||||||||||||||||
Total originated restructurings | 40 | $ | 5,344 | 5 | $ | 283 | 23 | $ | 4,619 | 15 | $ | 6,765 | ||||||||||||||||||||||||||||||||||||
Nine months ended September 30, 2014 | Nine months ended September 30, 2013 | |||||||||||||||||||||||||||||||||||||||||||||||
All restructurings | Restructurings with payment default | All restructurings | Restructurings with payment default | |||||||||||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | Number of Loans | Recorded investment at period end | Number of Loans | Recorded investment at period end | Number of Loans | Recorded investment at period end | Number of Loans | Recorded investment at period end | ||||||||||||||||||||||||||||||||||||||||
Originated loans | ||||||||||||||||||||||||||||||||||||||||||||||||
Interest only period provided | ||||||||||||||||||||||||||||||||||||||||||||||||
Commercial mortgage | 6 | $ | 2,449 | 2 | $ | 592 | 9 | $ | 3,242 | — | $ | — | ||||||||||||||||||||||||||||||||||||
Commercial and industrial | 2 | 375 | — | — | 2 | 403 | — | — | ||||||||||||||||||||||||||||||||||||||||
Other commercial real estate | — | — | — | — | 1 | 98 | — | — | ||||||||||||||||||||||||||||||||||||||||
Residential mortgage | — | — | — | — | 1 | 630 | — | — | ||||||||||||||||||||||||||||||||||||||||
Lease financing | 2 | 131 | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||
Other | 1 | 40 | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||
Total interest only | 11 | 2,995 | 2 | 592 | 13 | 4,373 | — | — | ||||||||||||||||||||||||||||||||||||||||
Loan term extension | ||||||||||||||||||||||||||||||||||||||||||||||||
Construction and land development - commercial | 2 | 189 | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||
Commercial mortgage | 11 | 4,072 | — | — | 12 | 4,935 | 5 | 1,524 | ||||||||||||||||||||||||||||||||||||||||
Commercial and industrial | 4 | 2,040 | — | — | 2 | 623 | — | — | ||||||||||||||||||||||||||||||||||||||||
Lease financing | 2 | 144 | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||
Residential mortgage | 15 | 532 | — | — | 9 | 879 | 1 | 570 | ||||||||||||||||||||||||||||||||||||||||
Construction and land development - noncommercial | 3 | 175 | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||
Consumer | 5 | 122 | — | — | 2 | 64 | — | — | ||||||||||||||||||||||||||||||||||||||||
Total loan term extension | 42 | 7,274 | — | — | 25 | 6,501 | 6 | 2,094 | ||||||||||||||||||||||||||||||||||||||||
Below market interest rate | ||||||||||||||||||||||||||||||||||||||||||||||||
Construction and land development - commercial | 10 | 371 | — | — | 2 | 265 | — | — | ||||||||||||||||||||||||||||||||||||||||
Commercial mortgage | 29 | 11,399 | 3 | 1,276 | 29 | 10,248 | 5 | 5,125 | ||||||||||||||||||||||||||||||||||||||||
Commercial and industrial | 11 | 772 | — | — | 4 | 829 | 1 | 173 | ||||||||||||||||||||||||||||||||||||||||
Other commercial real estate | 1 | 347 | — | — | 3 | 738 | — | — | ||||||||||||||||||||||||||||||||||||||||
Residential mortgage | 29 | 1,402 | 2 | 95 | 14 | 826 | — | — | ||||||||||||||||||||||||||||||||||||||||
Revolving mortgage | 5 | 270 | — | — | 6 | 215 | 1 | 73 | ||||||||||||||||||||||||||||||||||||||||
Construction & land development - noncommercial | 11 | 590 | — | — | 4 | 555 | — | — | ||||||||||||||||||||||||||||||||||||||||
Consumer | 5 | 162 | — | — | 3 | 227 | — | — | ||||||||||||||||||||||||||||||||||||||||
Total below market interest rate | 101 | 15,313 | 5 | 1,371 | 65 | 13,903 | 7 | 5,371 | ||||||||||||||||||||||||||||||||||||||||
Discharged from bankruptcy | ||||||||||||||||||||||||||||||||||||||||||||||||
Commercial mortgage | 2 | 970 | 1 | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||
Residential mortgage | 9 | 691 | 2 | 288 | 4 | 130 | 2 | 44 | ||||||||||||||||||||||||||||||||||||||||
Revolving mortgage | 10 | 420 | 1 | — | 31 | 2,520 | 2 | 47 | ||||||||||||||||||||||||||||||||||||||||
Construction & land development - noncommercial | 1 | 62 | 1 | 62 | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||
Consumer | 4 | 18 | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||
Total discharged from bankruptcy | 26 | 2,161 | 5 | 350 | 35 | 2,650 | 4 | 91 | ||||||||||||||||||||||||||||||||||||||||
Total originated restructurings | 180 | $ | 27,743 | 12 | $ | 2,313 | 138 | $ | 27,427 | 17 | $ | 7,556 | ||||||||||||||||||||||||||||||||||||
The following tables provide the types of TDRs made during the three and nine months ended September 30, 2014 and September 30, 2013 for acquired loans, as well as a summary of acquired loans that were modified as a TDR during the twelve months ended September 30, 2014 and September 30, 2013 that subsequently defaulted during the three and nine months ended September 30, 2014 and September 30, 2013. BancShares defines payment default as movement of the TDR to nonaccrual status, which is generally 90 days past due for TDRs, foreclosure or charge-off, whichever occurs first. | ||||||||||||||||||||||||||||||||||||||||||||||||
Three months ended September 30, 2014 | Three months ended September 30, 2013 | |||||||||||||||||||||||||||||||||||||||||||||||
All restructurings | Restructurings with payment default | All restructurings | Restructurings with payment default | |||||||||||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | Number of loans | Recorded investment at period end | Number of loans | Recorded investment at period end | Number of loans | Recorded investment at period end | Number of loans | Recorded investment at period end | ||||||||||||||||||||||||||||||||||||||||
Acquired loans | ||||||||||||||||||||||||||||||||||||||||||||||||
Interest only period provided | ||||||||||||||||||||||||||||||||||||||||||||||||
Construction and land development - commercial | — | $ | — | — | $ | — | — | $ | — | 1 | $ | 2,628 | ||||||||||||||||||||||||||||||||||||
Total interest only | — | — | — | — | — | — | 1 | 2,628 | ||||||||||||||||||||||||||||||||||||||||
Loan term extension | ||||||||||||||||||||||||||||||||||||||||||||||||
Construction and land development - commercial | 1 | 348 | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||
Commercial mortgage | — | — | — | — | 1 | 157 | — | — | ||||||||||||||||||||||||||||||||||||||||
Commercial and industrial | — | — | — | — | 1 | 121 | — | — | ||||||||||||||||||||||||||||||||||||||||
Residential mortgage | — | — | 3 | 381 | — | — | 1 | 198 | ||||||||||||||||||||||||||||||||||||||||
Total loan term extension | 1 | 348 | 3 | 381 | 2 | 278 | 1 | 198 | ||||||||||||||||||||||||||||||||||||||||
Below market interest rate | ||||||||||||||||||||||||||||||||||||||||||||||||
Construction and land development - commercial | — | — | — | — | — | — | 2 | 1,067 | ||||||||||||||||||||||||||||||||||||||||
Commercial mortgage | 6 | 3,377 | 1 | 67 | 1 | 291 | 2 | 1,290 | ||||||||||||||||||||||||||||||||||||||||
Residential mortgage | 3 | 227 | — | — | — | — | 4 | 842 | ||||||||||||||||||||||||||||||||||||||||
Total below market interest rate | 9 | 3,604 | 1 | 67 | 1 | 291 | 8 | 3,199 | ||||||||||||||||||||||||||||||||||||||||
Discharged from bankruptcy | ||||||||||||||||||||||||||||||||||||||||||||||||
Residential mortgage | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||
Total discharged from bankruptcy | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||
Total acquired restructurings | 10 | $ | 3,952 | 4 | $ | 448 | 3 | $ | 569 | 10 | $ | 6,025 | ||||||||||||||||||||||||||||||||||||
Nine months ended September 30, 2014 | Nine months ended September 30, 2013 | |||||||||||||||||||||||||||||||||||||||||||||||
All restructurings | Restructurings with payment default | All restructurings | Restructurings with payment default | |||||||||||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | Number of loans | Recorded investment at period end | Number of loans | Recorded investment at period end | Number of loans | Recorded investment at period end | Number of loans | Recorded investment at period end | ||||||||||||||||||||||||||||||||||||||||
Acquired loans | ||||||||||||||||||||||||||||||||||||||||||||||||
Interest only period provided | ||||||||||||||||||||||||||||||||||||||||||||||||
Construction and land development - commercial | — | $ | — | — | $ | — | 1 | $ | 2,628 | 1 | $ | 2,628 | ||||||||||||||||||||||||||||||||||||
Commercial mortgage | 2 | 44 | 2 | 44 | 2 | 1,060 | 2 | 1,990 | ||||||||||||||||||||||||||||||||||||||||
Commercial and industrial | — | — | — | — | 1 | 23 | — | — | ||||||||||||||||||||||||||||||||||||||||
Residential mortgage | — | — | — | — | 2 | 181 | — | — | ||||||||||||||||||||||||||||||||||||||||
Total interest only | 2 | 44 | 2 | 44 | 6 | 3,892 | 3 | 4,618 | ||||||||||||||||||||||||||||||||||||||||
Loan term extension | ||||||||||||||||||||||||||||||||||||||||||||||||
Construction and land development - commercial | 2 | 348 | — | — | 5 | 2,517 | — | — | ||||||||||||||||||||||||||||||||||||||||
Commercial mortgage | — | — | — | — | 1 | 157 | — | — | ||||||||||||||||||||||||||||||||||||||||
Commercial and industrial | — | — | — | — | 2 | 1,042 | — | — | ||||||||||||||||||||||||||||||||||||||||
Residential mortgage | 1 | 322 | 4 | 381 | 1 | 198 | 1 | 198 | ||||||||||||||||||||||||||||||||||||||||
Total loan term extension | 3 | 670 | 4 | 381 | 9 | 3,914 | 1 | 198 | ||||||||||||||||||||||||||||||||||||||||
Below market interest rate | ||||||||||||||||||||||||||||||||||||||||||||||||
Construction and land development - commercial | 2 | 308 | — | — | 5 | 3,489 | 2 | 1,067 | ||||||||||||||||||||||||||||||||||||||||
Commercial mortgage | 15 | 5,539 | 2 | 94 | 9 | 11,428 | 2 | 1,290 | ||||||||||||||||||||||||||||||||||||||||
Commercial and industrial | — | — | — | — | 3 | 510 | — | — | ||||||||||||||||||||||||||||||||||||||||
Residential mortgage | 29 | 3,994 | 2 | — | 10 | 2,871 | 6 | 1,545 | ||||||||||||||||||||||||||||||||||||||||
Total below market interest rate | 46 | 9,841 | 4 | 94 | 27 | 18,298 | 10 | 3,902 | ||||||||||||||||||||||||||||||||||||||||
Discharged from bankruptcy | ||||||||||||||||||||||||||||||||||||||||||||||||
Residential mortgage | 26 | 1,673 | 2 | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||
Total discharged from bankruptcy | 26 | 1,673 | 2 | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||
Total acquired restructurings | 77 | $ | 12,228 | 12 | $ | 519 | 42 | $ | 26,104 | 14 | $ | 8,718 | ||||||||||||||||||||||||||||||||||||
For the three and nine months ended September 30, 2014 and September 30, 2013, the recorded investment in TDRs subsequent to modification was not materially impacted by the modification since forgiveness of principal is not a restructuring option frequently used by BancShares. |
Other_Real_Estate_Owned
Other Real Estate Owned | 9 Months Ended | |||||||||||
Sep. 30, 2014 | ||||||||||||
Banking and Thrift [Abstract] | ' | |||||||||||
Other Real Estate Owned | ' | |||||||||||
OTHER REAL ESTATE OWNED (OREO) | ||||||||||||
The following table explains changes in other real estate owned during the nine months ended September 30, 2014 and September 30, 2013. | ||||||||||||
(Dollars in thousands) | Covered | Noncovered | Total | |||||||||
Balance at December 31, 2012 | $ | 102,577 | $ | 43,513 | $ | 146,090 | ||||||
Additions | 50,365 | 28,756 | 79,121 | |||||||||
Sales | (78,597 | ) | (29,266 | ) | (107,863 | ) | ||||||
Writedowns | (15,576 | ) | (2,665 | ) | (18,241 | ) | ||||||
Balance at September 30, 2013 | $ | 58,769 | $ | 40,338 | $ | 99,107 | ||||||
Balance at December 31, 2013 | $ | 47,081 | $ | 36,898 | $ | 83,979 | ||||||
Additions 1 | 25,235 | 28,492 | 53,727 | |||||||||
Sales | (27,756 | ) | (23,526 | ) | (51,282 | ) | ||||||
Writedowns | (9,751 | ) | (4,215 | ) | (13,966 | ) | ||||||
Transfers 2 | $ | (5,537 | ) | $ | 5,537 | $ | — | |||||
Balance at September 30, 2014 | $ | 29,272 | $ | 43,186 | $ | 72,458 | ||||||
1 Noncovered additions include $11.6 million from the 1st Financial merger. | ||||||||||||
2 Transfers include OREO balances associated with expired loss share agreements. |
Receivable_from_FDIC_for_Loss_
Receivable from FDIC for Loss Share Agreements | 9 Months Ended | |||||||||||||||
Sep. 30, 2014 | ||||||||||||||||
Receivable From FDIC For Loss Share Agreements [Abstract] | ' | |||||||||||||||
Receivable from FDIC for Loss Share Agreements | ' | |||||||||||||||
FDIC LOSS SHARE RECEIVABLE | ||||||||||||||||
The following table provides changes in the receivable from the FDIC for the three-month and nine-month periods ended September 30, 2014 and September 30, 2013. | ||||||||||||||||
Three months ended September 30 | Nine months ended September 30 | |||||||||||||||
(Dollars in thousands) | 2014 | 2013 | 2014 | 2013 | ||||||||||||
Beginning balance | $ | 49,959 | $ | 158,013 | $ | 93,397 | $ | 270,192 | ||||||||
Amortization | (6,362 | ) | (20,553 | ) | (37,028 | ) | (65,734 | ) | ||||||||
Cash payments to (from) FDIC | 1,130 | 1,431 | 5,479 | (45,103 | ) | |||||||||||
Post-acquisition adjustments | 413 | (38,338 | ) | (16,708 | ) | (58,802 | ) | |||||||||
Ending balance | $ | 45,140 | $ | 100,553 | $ | 45,140 | $ | 100,553 | ||||||||
The receivable from the FDIC for loss share agreements is measured separately from the related covered assets and is recorded at fair value at the acquisition date using projected cash flows based on the expected reimbursements for losses and the applicable loss share percentages. See Note J for information related to FCB's recorded payable to the FDIC for loss share agreements. | ||||||||||||||||
Amortization reflects changes in the FDIC loss share receivable due to improvements in expected cash flows that are being recognized over the remaining term of the loss share agreement. Cash payments to (from) FDIC represent the net impact of loss share loan recoveries, charge-offs and related expenses as calculated and reported in FDIC loss share certificates. Post-acquisition adjustments represent the net change in loss estimates related to acquired loans and covered OREO as a result of changes in expected cash flows and the allowance for loan and lease losses related to those covered loans. For loans covered by loss share agreements, subsequent decreases in the amount expected to be collected from the borrower or collateral liquidation result in a provision for loan and lease losses, an increase in the allowance for loan and lease losses and a proportional adjustment to the receivable from the FDIC for the estimated amount to be reimbursed. Subsequent increases in the amount expected to be collected from the borrower or collateral liquidation result in the reversal of some or all previously recorded provision for loan and lease losses, a decrease in the related allowance for loan and lease losses and a proportional adjustment to the receivable from the FDIC, or prospective adjustment to the accretable yield and the related receivable from the FDIC if no provision for loan and lease losses had been recorded previously. The loss share agreements for TVB and VB expired during the third quarter of 2014, and the loss share agreements for FRB and SAB will expire during the first quarter of 2015. |
Estimated_Fair_Values
Estimated Fair Values | 9 Months Ended | |||||||||||||||
Sep. 30, 2014 | ||||||||||||||||
Fair Value Disclosures [Abstract] | ' | |||||||||||||||
Estimated Fair Values | ' | |||||||||||||||
ESTIMATED FAIR VALUES | ||||||||||||||||
Fair value estimates are intended to represent the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants as of the measurement date. Where there is no active market for a financial instrument, BancShares has made estimates using discounted cash flows or other valuation techniques. Inputs to these valuation methods are subjective in nature, involve uncertainties and require significant judgment and therefore cannot be determined with precision. Accordingly, the derived fair value estimates presented below are not necessarily indicative of the amounts BancShares could realize in a current market exchange. | ||||||||||||||||
Assets and liabilities are recorded at fair value according to a fair value hierarchy comprised of three levels. The levels are based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value. The level within the fair value hierarchy for an asset or liability is based on the highest level of input that is significant to the fair value measurement (with level 1 considered highest and level 3 considered lowest). A brief description of each level follows: | ||||||||||||||||
• | Level 1 values are based on quoted prices for identical instruments in active markets. | |||||||||||||||
• | Level 2 values are based on quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active and model-based valuation techniques for which all significant assumptions are observable in the market. | |||||||||||||||
• | Level 3 values are generated from model-based techniques that use at least one significant assumption not observable in the market. These unobservable assumptions reflect estimates that market participants would use in pricing the asset or liability. Valuation techniques include the use of discounted cash flow models and similar techniques. | |||||||||||||||
The methodologies used to estimate the fair value of financial assets and financial liabilities are discussed below: | ||||||||||||||||
Investment securities available for sale. U.S.Treasury, government agency, mortgage-backed securities, municipal securities and trust preferred securities are generally measured at fair value using a third party pricing service or recent comparable market transactions in similar or identical securities and are classified as level 2 instruments. Equity securities are measured at fair value using observable closing prices and the valuation also considers the amount of market activity by examining the trade volume of each security. Due to the relatively inactive nature of the markets for the existing equity securities at BancShares, the inputs used for these equity securities are considered level 2 inputs. | ||||||||||||||||
Loans held for sale. Loans held for sale are carried at the lower of aggregate cost or fair value and are, therefore, carried at fair value only when fair value is less than the asset cost. These loans are generally traded in active secondary markets and are priced using current market pricing for similar securities adjusted for servicing, interest rate risk and credit risk. Accordingly, the inputs used to calculate fair value of residential real estate loans are classified as level 2 inputs. | ||||||||||||||||
Net loans and leases (acquired and originated). Fair value is estimated based on discounted future cash flows using the current interest rates at which loans with similar terms would be made to borrowers of similar credit quality. An additional valuation adjustment is made for liquidity. The inputs used in the fair value measurements for loans and leases are considered level 3 inputs. | ||||||||||||||||
Receivable from the FDIC for loss share agreements. Fair value is estimated based on discounted future cash flows using current discount rates. Due to post-acquisition improvements in expected losses, significant portions of the FDIC receivable will be recovered through amortization of the receivable over the remaining life of the loss share agreement rather than by cash flows from the FDIC. The estimated amounts to be amortized in future periods have no fair value. The inputs used in the fair value measurement for the FDIC receivable are considered level 3 inputs. The FDIC loss share agreements are not transferable and, accordingly, there is no market for this receivable. | ||||||||||||||||
FHLB stock. The carrying amount of FHLB stock is a reasonable estimate of fair value as these securities are not readily marketable and are evaluated for impairment based on the ultimate recoverability of the par value. BancShares considers positive and negative evidence, including the profitability and asset quality of the issuer, dividend payment history and recent redemption experience, when determining the ultimate recoverability of the par value. BancShares believes its investment in FHLB stock is ultimately recoverable at par. The inputs used in the fair value measurement for the FHLB stock are considered level 2 inputs. | ||||||||||||||||
Preferred stock issued under the TARP program and other acquired financial assets. Preferred securities issued under the Troubled Asset Recovery Program are recorded at cost and are evaluated quarterly for impairment based on the ultimate recoverability of the purchase price. The fair value of these securities is derived from a third-party proprietary model that is considered to be a level 3 input. Other acquired financial assets represent acquired investments in various entities for Community Reinvestment Act and correspondent banking purposes. These investments were recorded at fair value at acquisition date based on level 2 inputs. | ||||||||||||||||
Deposits. For non-time deposits, carrying value is a reasonable estimate of fair value. The fair value of time deposits is estimated by discounting future cash flows using the interest rates currently offered for deposits of similar remaining maturities. The inputs used in the fair value measurement for deposits are considered level 2 inputs. | ||||||||||||||||
Long-term obligations. For fixed rate trust preferred securities, the fair values are determined based on recent trades of the actual security. For other long-term obligations, fair values are estimated by discounting future cash flows using current interest rates for similar financial instruments. The inputs used in the fair value measurement for long-term obligations are considered level 2 inputs. | ||||||||||||||||
Payable to the FDIC for loss share agreements. The fair value of the payable to the FDIC for loss share agreements is determined by the projected cash flows based on expected payments to the FDIC in accordance with the loss share agreements. Cash flows are discounted using current discount rates to reflect the timing of the estimated amounts due to the FDIC. The inputs used in the fair value measurement for the payable to the FDIC are considered level 3 inputs. See Note J for more information on the payable to the FDIC. | ||||||||||||||||
Interest rate swap. Under the terms of the existing cash flow hedge, BancShares pays a fixed payment to the counterparty in exchange for receipt of a variable payment that is determined based on the three-month LIBOR rate. The fair value of the cash flow hedge is, therefore, based on projected LIBOR rates for the duration of the hedge, values that, while observable in the market, are subject to adjustment due to pricing considerations for the specific instrument. The inputs used in the fair value measurement of the interest rate swap are considered level 2 inputs. | ||||||||||||||||
Off-balance-sheet commitments and contingencies. Carrying amounts are reasonable estimates of the fair values for such financial instruments. Carrying amounts include unamortized fee income and, in some cases, reserves for any credit losses from those financial instruments. These amounts are not material to BancShares' financial position. | ||||||||||||||||
For all other financial assets and financial liabilities, the carrying value is a reasonable estimate of the fair value as of September 30, 2014 and December 31, 2013. The carrying value and fair value for these assets and liabilities are equivalent because they are relatively short term in nature and there is no interest rate or credit risk that would cause the fair value to differ from the carrying value. | ||||||||||||||||
(Dollars in thousands) | September 30, 2014 | December 31, 2013 | ||||||||||||||
Carrying value | Fair value | Carrying value | Fair value | |||||||||||||
Cash and due from banks | $ | 400,993 | $ | 400,993 | $ | 533,599 | $ | 533,599 | ||||||||
Overnight investments | 707,352 | 707,352 | 859,324 | 859,324 | ||||||||||||
Investment securities available for sale | 5,648,094 | 5,648,094 | 5,387,703 | 5,387,703 | ||||||||||||
Investment securities held to maturity | 607 | 638 | 907 | 974 | ||||||||||||
Loans held for sale | 43,612 | 44,172 | 47,271 | 47,956 | ||||||||||||
Net loans and leases | 13,601,886 | 13,091,758 | 12,900,330 | 12,545,537 | ||||||||||||
Receivable from the FDIC for loss share agreements (1) | 45,140 | 22,788 | 93,397 | 38,438 | ||||||||||||
Income earned not collected | 48,511 | 48,511 | 48,390 | 48,390 | ||||||||||||
Federal Home Loan Bank stock | 32,309 | 32,309 | 40,819 | 40,819 | ||||||||||||
Preferred stock and other acquired financial assets | 13,390 | 14,388 | 33,564 | 34,786 | ||||||||||||
Deposits | 18,406,941 | 17,943,397 | 17,874,066 | 17,898,570 | ||||||||||||
Short-term borrowings | 798,169 | 798,169 | 511,418 | 511,418 | ||||||||||||
Long-term obligations | 313,768 | 326,743 | 510,769 | 526,037 | ||||||||||||
Payable to the FDIC for loss share agreements | 116,924 | 124,330 | 109,378 | 111,941 | ||||||||||||
Accrued interest payable | 5,303 | 5,303 | 6,737 | 6,737 | ||||||||||||
Interest rate swap | 4,984 | 4,984 | 7,220 | 7,220 | ||||||||||||
(1) The fair value of the FDIC receivable excludes amortization expected to be recognized in prospective periods. | ||||||||||||||||
Among BancShares’ assets and liabilities, investment securities available for sale and interest rate swaps accounted for as cash flow hedges are reported at their fair values on a recurring basis. Certain other assets are adjusted to their fair value on a nonrecurring basis, including loans held for sale, which are carried at the lower of cost or fair value, and impaired loans, OREO, goodwill and other intangible assets, which are periodically tested for impairment. Non-impaired loans held for investment, deposits, short-term borrowings and long-term obligations are not reported at fair value. BancShares did not elect to voluntarily report any assets or liabilities at fair value. | ||||||||||||||||
For assets and liabilities carried at fair value on a recurring basis, the following table provides fair value information as of September 30, 2014 and December 31, 2013. | ||||||||||||||||
September 30, 2014 | ||||||||||||||||
Fair value measurements using: | ||||||||||||||||
(Dollars in thousands) | Fair value | Level 1 inputs | Level 2 inputs | Level 3 inputs | ||||||||||||
Assets measured at fair value | ||||||||||||||||
Investment securities available for sale | ||||||||||||||||
U.S. Treasury | $ | 1,887,810 | $ | — | $ | 1,887,810 | $ | — | ||||||||
Government agency | 1,129,653 | — | 1,129,653 | — | ||||||||||||
Mortgage-backed securities | 2,577,465 | — | 2,577,465 | — | ||||||||||||
Equity securities | 30,028 | — | 30,028 | — | ||||||||||||
Municipal securities | 126 | — | 126 | — | ||||||||||||
Other | 23,012 | — | 23,012 | — | ||||||||||||
Total | $ | 5,648,094 | $ | — | $ | 5,648,094 | $ | — | ||||||||
Liabilities measured at fair value | ||||||||||||||||
Interest rate swaps accounted for as cash flow hedges | $ | 4,984 | $ | — | $ | 4,984 | $ | — | ||||||||
December 31, 2013 | ||||||||||||||||
Fair value measurements using: | ||||||||||||||||
Fair value | Level 1 inputs | Level 2 inputs | Level 3 inputs | |||||||||||||
Assets measured at fair value | ||||||||||||||||
Investment securities available for sale | ||||||||||||||||
U.S. Treasury | $ | 373,437 | $ | — | $ | 373,437 | $ | — | ||||||||
Government agency | 2,544,229 | — | 2,544,229 | — | ||||||||||||
Mortgage-backed securities | 2,446,873 | — | 2,446,873 | — | ||||||||||||
Equity securities | 22,147 | — | 22,147 | — | ||||||||||||
Municipal securities | 187 | — | 187 | — | ||||||||||||
Other | 830 | — | 830 | — | ||||||||||||
Total | $ | 5,387,703 | $ | — | $ | 5,387,703 | $ | — | ||||||||
Liabilities measured at fair value | ||||||||||||||||
Interest rate swaps accounted for as cash flow hedges | $ | 7,220 | $ | — | $ | 7,220 | $ | — | ||||||||
There were no transfers between levels during the nine months ended September 30, 2014. Included in Other at September 30, 2014 are Trust Preferred Securities issued by a former business subsidiary of Bancorporation, FCB/SC Capital Trust II, which were purchased by BancShares during the third quarter of 2014 with a contractual maturity of June 15, 2034. These are the only securities included within other as the previous amount was a single subordinated debt security that was called during the second quarter of 2014. Upon completion of the merger with Bancorporation on October 1, 2014, the issuer of the Trust Preferred Securities became a subsidiary of BancShares and, for future financial statement purposes, the investment in the Trust Preferred Securities will be eliminated in consolidation at BancShares. | ||||||||||||||||
Certain other assets are adjusted to their fair value on a nonrecurring basis, including loans held for sale, impaired loans, OREO, goodwill and other intangible assets, which are periodically tested for impairment. Non-impaired loans held for investment, deposits, short-term borrowings and long-term obligations are not reported at fair value. | ||||||||||||||||
Impaired loans are deemed to be at fair value if an associated allowance or current period charge-off has been recorded. The value of impaired loans is determined by either collateral valuations or discounted present value of the expected cash flow calculations. Collateral values are determined using appraisals or other third-party value estimates of the subject property with discounts generally between 10 and 14 percent applied for estimated holding and selling costs and other external factors that may impact the marketability of the property. Impaired loans are assigned to an asset manager and monitored monthly for significant changes since the last valuation. If significant changes are noted, the asset manager orders a new valuation or adjusts the valuation accordingly. Expected cash flows are determined using expected loss rates developed from historic experience for loans with similar risk characteristics, discounted using the effective interest rate. | ||||||||||||||||
OREO is measured and reported at fair value using collateral valuations. Collateral values are determined using appraisals or other third-party value estimates of the subject property with discounts generally between 10 and 14 percent applied for estimated holding and selling costs and other external factors that may impact the marketability of the property. Changes to the value of the assets between scheduled valuation dates are monitored through continued communication with brokers and monthly reviews by the asset manager assigned to each asset. The asset manager uses the information gathered from brokers and other market sources to identify any significant changes in the market or the subject property as they occur. Valuations are then adjusted or new appraisals are ordered to ensure the reported values reflect the most current information. OREO that has been acquired or written down in the current year is deemed to be at fair value and included in the table below. | ||||||||||||||||
For financial assets and liabilities carried at fair value on a nonrecurring basis, the following table provides fair value information as of September 30, 2014 and December 31, 2013. | ||||||||||||||||
September 30, 2014 | ||||||||||||||||
Fair value measurements using: | ||||||||||||||||
(Dollars in thousands) | Fair value | Level 1 inputs | Level 2 inputs | Level 3 inputs | ||||||||||||
Loans held for sale | $ | 26,975 | $ | — | $ | 26,975 | $ | — | ||||||||
Originated impaired loans | 74,216 | — | — | 74,216 | ||||||||||||
Other real estate not covered under loss share agreements remeasured during current year | 31,332 | — | — | 31,332 | ||||||||||||
Other real estate covered under loss share agreements remeasured during current year | 24,003 | — | — | 24,003 | ||||||||||||
December 31, 2013 | ||||||||||||||||
Fair value measurements using: | ||||||||||||||||
Fair value | Level 1 inputs | Level 2 inputs | Level 3 inputs | |||||||||||||
Loans held for sale | 29,389 | — | 29,389 | — | ||||||||||||
Originated impaired loans | 77,817 | — | — | 77,817 | ||||||||||||
Other real estate not covered under loss share agreements remeasured during current year | 20,526 | — | — | 20,526 | ||||||||||||
Other real estate covered under loss share agreements remeasured during current year | 37,587 | — | — | 37,587 | ||||||||||||
No financial liabilities were carried at fair value on a nonrecurring basis as of September 30, 2014 and December 31, 2013. |
Employee_Benefit_Plans
Employee Benefit Plans | 9 Months Ended | |||||||||||||||
Sep. 30, 2014 | ||||||||||||||||
General Discussion of Pension and Other Postretirement Benefits [Abstract] | ' | |||||||||||||||
Employee Benefit Plans | ' | |||||||||||||||
EMPLOYEE BENEFIT PLANS | ||||||||||||||||
Pension expense is a component of employee benefits expense. For the three and nine months ended September 30, 2014 and 2013, the components of pension expense are as follows: | ||||||||||||||||
Three months ended September 30 | Nine months ended September 30 | |||||||||||||||
(Dollars in thousands) | 2014 | 2013 | 2014 | 2013 | ||||||||||||
Service cost | $ | 3,081 | $ | 3,765 | $ | 9,247 | $ | 12,248 | ||||||||
Interest cost | 6,402 | 5,460 | 19,209 | 17,764 | ||||||||||||
Expected return on assets | (7,296 | ) | (6,393 | ) | (23,448 | ) | (20,798 | ) | ||||||||
Amortization of prior service cost | 53 | 53 | 158 | 158 | ||||||||||||
Amortization of net actuarial loss | 769 | 4,245 | 3,861 | 12,738 | ||||||||||||
Total pension expense | $ | 3,009 | $ | 7,130 | $ | 9,027 | $ | 22,110 | ||||||||
The assumed discount rate for 2014 is 4.90 percent, the expected long-term rate of return on plan assets is 7.50 percent and the assumed rate of salary increases is 4.00 percent. For 2013, the assumed discount rate was 4.00 percent, expected long-term rate of return was 7.25 percent and the assumed rate of salary increases was 4.00 percent. |
Commitments_and_Contingencies
Commitments and Contingencies | 9 Months Ended |
Sep. 30, 2014 | |
Commitments and Contingencies Disclosure [Abstract] | ' |
Commitments and Contingencies | ' |
COMMITMENTS AND CONTINGENCIES | |
To meet the financing needs of its customers, BancShares and its subsidiaries have financial instruments with off-balance sheet risk. These financial instruments include commitments to extend credit, standby letters of credit and recourse obligations on mortgage loans sold. These instruments involve elements of credit, interest rate or liquidity risk. | |
Commitments to extend credit are legally binding agreements to lend to customers. Commitments generally have fixed expiration dates or other termination clauses and may require payment of fees. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future liquidity requirements. Established credit standards control the credit risk exposure associated with these commitments. In some cases, BancShares requires that collateral be pledged to secure the commitment, including cash deposits, securities and other assets. At September 30, 2014, BancShares had unused commitments totaling $6.19 billion, compared to $5.84 billion at December 31, 2013. | |
Standby letters of credit are commitments guaranteeing performance of a customer to a third party. Those commitments are primarily issued to support public and private borrowing arrangements. To mitigate its risk, BancShares’ follows its credit policies in the issuance of standby letters of credit. At September 30, 2014 and December 31, 2013, BancShares had standby letters of credit amounting to $59.8 million and $54.8 million, respectively. The credit risk related to the issuance of these letters of credit is essentially the same as that involved in extending loans to clients and, therefore, these letters of credit are collateralized when necessary. | |
Pursuant to standard representations and warranties relating to residential mortgage loan sales, contingent obligations exist for various events that may occur following the loan sale. If underwriting or documentation deficiencies are discovered at any point in the life of the loan or if the loan becomes nonperforming within 120 days of its sale, the investor may require BancShares to repurchase the loan or to repay a portion of the sale proceeds. Other liabilities included reserves of $2.9 million and $3.6 million as of September 30, 2014 and December 31, 2013, respectively, for estimated losses arising from these standard representation and warranty provisions. | |
BancShares has recorded a receivable from the FDIC totaling $45.1 million and $93.4 million as of September 30, 2014 and December 31, 2013, respectively, for the expected reimbursement of losses on assets covered under the various loss share agreements. These loss share agreements impose certain obligations on us that, in the event of noncompliance, could result in the delay or disallowance of some or all of our rights under those agreements. Requests for reimbursement are subject to FDIC review and may be delayed or disallowed for noncompliance. The loss share agreements are subject to interpretation by both the FDIC and BancShares, and disagreements may arise regarding coverage of losses, expenses and contingencies. | |
The loss share agreements for four FDIC-assisted transactions include provisions related to contingent payments that may be owed to the FDIC at the termination of the agreements (clawback liability).The clawback liability represents a payment by BancShares to the FDIC if actual cumulative losses on acquired covered assets are lower than the cumulative losses originally estimated by the FDIC at the time of acquisition. The clawback liability is estimated by discounting estimated future payments and is recorded in the Consolidated Balance Sheets as a payable to the FDIC under the relevant loss share agreements. As of September 30, 2014 and December 31, 2013, the estimated clawback liability was $116.9 million and $109.4 million, respectively. | |
BancShares was named as a defendant in two lawsuits brought by the City of Providence, RI in the Delaware Court of Chancery. The first lawsuit filed June 19, 2014, challenged BancShares’ Bylaw requiring that certain shareholder actions be filed in a federal or state court in North Carolina. The second lawsuit filed July 31, 2014, asserted substantive challenges to the proposed merger, seeking to enjoin the merger and damages. BancShares filed motions to dismiss both lawsuits. Upholding the Bylaw, the Court granted BancShares’ motion to dismiss the first litigation and, based upon the Bylaw, the Court dismissed the second litigation as filed in an improper forum. An order dismissing both lawsuits was finalized September 8, 2014. | |
BancShares and various subsidiaries have been named as defendants in legal actions arising from their normal business activities in which damages in various amounts are claimed. BancShares is also exposed to litigation risk relating to the prior business activities of banks from which assets were acquired and liabilities assumed in the various FDIC-assisted transactions. Although the amount of any ultimate liability with respect to such matters cannot be determined, in the opinion of management, any such liability will not have a material effect on BancShares’ consolidated financial statements. |
Derivatives
Derivatives | 9 Months Ended | |||||||||||||||
Sep. 30, 2014 | ||||||||||||||||
Summary of Derivative Instruments [Abstract] | ' | |||||||||||||||
Derivatives | ' | |||||||||||||||
DERIVATIVES | ||||||||||||||||
At September 30, 2014, BancShares had an interest rate swap entered into during 2011 that qualifies as a cash flow hedge under GAAP. For all periods presented, the fair value of the outstanding derivative is included in other liabilities in the consolidated balance sheets, and the net change in fair value is included in the consolidated statements of cash flows under the caption net change in other liabilities. | ||||||||||||||||
The interest rate swap is used for interest rate risk management purposes and converts variable-rate exposure on outstanding debt to a fixed rate. The 2011 interest rate swap has a notional amount of $93.5 million, representing the amount of variable rate trust preferred capital securities issued during 2006 and still outstanding at the swap inception date. The 2011 interest rate swap hedges interest payments through June 2016 and requires fixed-rate payments by BancShares at 5.50 percent in exchange for variable-rate payments of 175 basis points above the three-month LIBOR, which is equal to the interest paid to the holders of the trust preferred capital securities. Settlement of the swap occurs quarterly. As of September 30, 2014, collateral with a fair value of $7.0 million was pledged to secure the existing obligation under the interest rate swap. | ||||||||||||||||
September 30, 2014 | December 31, 2013 | |||||||||||||||
(Dollars in thousands) | Notional amount | Estimated fair value of liability | Notional amount | Estimated fair value of liability | ||||||||||||
2011 interest rate swap hedging variable rate exposure on trust preferred securities 2011-2016 | $ | 93,500 | $ | 4,984 | $ | 93,500 | $ | 7,220 | ||||||||
For cash flow hedges, the effective portion of the gain or loss due to changes in the fair value of the derivative hedging instrument is included in other comprehensive income, while the ineffective portion, representing the excess of the cumulative change in the fair value of the derivative over the cumulative change in expected future discounted cash flows on the hedged transaction, is recorded in the consolidated income statement. BancShares’ interest rate swap has been fully effective since inception. Therefore, changes in the fair value of the interest rate swap has had no impact on net income. For the three months ended September 30, 2014 and 2013, BancShares recognized interest expense of $0.8 million during both periods, resulting from incremental interest paid to the interest rate swap counterparty, none of which related to ineffectiveness. For the nine months ended September 30, 2014 and 2013, BancShares recognized interest expense of $2.5 million during both periods, resulting from incremental interest paid to the interest rate swap counterparty, none of which related to ineffectiveness. BancShares monitors the credit risk of the interest rate swap counterparty. |
Accumulated_Other_Comprehensiv
Accumulated Other Comprehensive Loss | 9 Months Ended | |||||||||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | ' | |||||||||||||||||||||||
Accumulated Other Comprehensive Loss | ' | |||||||||||||||||||||||
ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME | ||||||||||||||||||||||||
Accumulated other comprehensive (loss) income included the following as of September 30, 2014 and December 31, 2013: | ||||||||||||||||||||||||
September 30, 2014 | December 31, 2013 | |||||||||||||||||||||||
(Dollars in thousands) | Accumulated | Deferred | Accumulated | Accumulated | Deferred | Accumulated | ||||||||||||||||||
other | tax expense | other | other | tax | other | |||||||||||||||||||
comprehensive | (benefit) | comprehensive | comprehensive | benefit | comprehensive | |||||||||||||||||||
income (loss) | income (loss), | loss | loss, | |||||||||||||||||||||
net of tax | net of tax | |||||||||||||||||||||||
Unrealized gains (losses) on investment securities available for sale, net | $ | 15,374 | $ | 5,884 | $ | 9,490 | $ | (16,632 | ) | $ | (6,541 | ) | $ | (10,091 | ) | |||||||||
Unrealized loss on cash flow hedge | (4,984 | ) | (1,923 | ) | (3,061 | ) | (7,220 | ) | (2,786 | ) | (4,434 | ) | ||||||||||||
Funded status of defined benefit plan | (13,563 | ) | (5,276 | ) | (8,287 | ) | (17,582 | ) | (6,839 | ) | (10,743 | ) | ||||||||||||
Total | $ | (3,173 | ) | $ | (1,315 | ) | $ | (1,858 | ) | $ | (41,434 | ) | $ | (16,166 | ) | $ | (25,268 | ) | ||||||
The following table highlights changes in accumulated other comprehensive (loss) income by component for the three and nine months ended September 30, 2014 and September 30, 2013: | ||||||||||||||||||||||||
Three months ended September 30, 2014 | ||||||||||||||||||||||||
(Dollars in thousands) | Unrealized gains (losses) on available for sale securities1 | Gains (losses) on cash flow hedges1 | Defined benefit pension items1 | Total | ||||||||||||||||||||
Beginning balance | $ | 16,490 | $ | (3,643 | ) | $ | (8,790 | ) | $ | 4,057 | ||||||||||||||
Other comprehensive (loss) income before reclassifications | (7,000 | ) | 582 | — | (6,418 | ) | ||||||||||||||||||
Amounts reclassified from accumulated other comprehensive income (loss) | — | — | 503 | 503 | ||||||||||||||||||||
Net current period other comprehensive (loss) income | (7,000 | ) | 582 | 503 | (5,915 | ) | ||||||||||||||||||
Ending balance | $ | 9,490 | $ | (3,061 | ) | $ | (8,287 | ) | $ | (1,858 | ) | |||||||||||||
Three months ended September 30, 2013 | ||||||||||||||||||||||||
Unrealized gains (losses) on available for sale securities1 | Gains (losses) on cash flow hedges1 | Defined benefit pension items1 | Total | |||||||||||||||||||||
Beginning balance | $ | (4,117 | ) | $ | (4,959 | ) | $ | (91,100 | ) | $ | (100,176 | ) | ||||||||||||
Other comprehensive income before reclassifications | 2,293 | 101 | — | 2,394 | ||||||||||||||||||||
Amounts reclassified from accumulated other comprehensive loss | — | — | 2,237 | 2,237 | ||||||||||||||||||||
Net current period other comprehensive income | 2,293 | 101 | 2,237 | 4,631 | ||||||||||||||||||||
Ending balance | $ | (1,824 | ) | $ | (4,858 | ) | $ | (88,863 | ) | $ | (95,545 | ) | ||||||||||||
Nine months ended September 30, 2014 | ||||||||||||||||||||||||
Unrealized gains (losses) on available for sale securities1 | Gains (losses) on cash flow hedges1 | Defined benefit pension items1 | Total | |||||||||||||||||||||
Beginning balance | $ | (10,091 | ) | $ | (4,434 | ) | $ | (10,743 | ) | $ | (25,268 | ) | ||||||||||||
Other comprehensive income before reclassifications | 19,581 | 1,373 | — | 20,954 | ||||||||||||||||||||
Amounts reclassified from accumulated other comprehensive loss | — | — | 2,456 | 2,456 | ||||||||||||||||||||
Net current period other comprehensive income | 19,581 | 1,373 | 2,456 | 23,410 | ||||||||||||||||||||
Ending balance | $ | 9,490 | $ | (3,061 | ) | $ | (8,287 | ) | $ | (1,858 | ) | |||||||||||||
Nine months ended September 30, 2013 | ||||||||||||||||||||||||
Unrealized gains (losses) on available for sale securities1 | Gains (losses) on cash flow hedges1 | Defined benefit pension items1 | Total | |||||||||||||||||||||
Beginning balance | $ | 20,517 | $ | (6,292 | ) | $ | (96,331 | ) | $ | (82,106 | ) | |||||||||||||
Other comprehensive (loss) income before reclassifications | (22,341 | ) | 1,434 | — | (20,907 | ) | ||||||||||||||||||
Amounts reclassified from accumulated other comprehensive income (loss) | — | — | 7,468 | 7,468 | ||||||||||||||||||||
Net current period other comprehensive (loss) income | (22,341 | ) | 1,434 | 7,468 | (13,439 | ) | ||||||||||||||||||
Ending balance | $ | (1,824 | ) | $ | (4,858 | ) | $ | (88,863 | ) | $ | (95,545 | ) | ||||||||||||
1 All amounts are net of tax. | ||||||||||||||||||||||||
The following table presents the amounts reclassified from accumulated other comprehensive (loss) income and the line item affected in the statement where net income is presented for the three and nine months ended September 30, 2014 and September 30, 2013: | ||||||||||||||||||||||||
Three months ended September 30, 2014 | ||||||||||||||||||||||||
Details about accumulated other comprehensive (loss) income | Amount reclassified from accumulated other comprehensive (loss) income1 | Affected line item in the statement where net income is presented | ||||||||||||||||||||||
Amortization of defined benefit pension items | ||||||||||||||||||||||||
Prior service costs | $ | (53 | ) | Employee benefits | ||||||||||||||||||||
Actuarial losses | (769 | ) | Employee benefits | |||||||||||||||||||||
(822 | ) | Income before income taxes | ||||||||||||||||||||||
319 | Provision for income taxes | |||||||||||||||||||||||
$ | (503 | ) | Net income | |||||||||||||||||||||
Total reclassifications for the period | $ | (503 | ) | |||||||||||||||||||||
Three months ended September 30, 2013 | ||||||||||||||||||||||||
Details about accumulated other comprehensive (loss) income | Amount reclassified from accumulated other comprehensive (loss) income1 | Affected line item in the statement where net income is presented | ||||||||||||||||||||||
Amortization of defined benefit pension items | ||||||||||||||||||||||||
Prior service costs | $ | (53 | ) | Employee benefits | ||||||||||||||||||||
Actuarial losses | (4,245 | ) | Employee benefits | |||||||||||||||||||||
(4,298 | ) | Income before income taxes | ||||||||||||||||||||||
2,061 | Provision for income taxes | |||||||||||||||||||||||
$ | (2,237 | ) | Net income | |||||||||||||||||||||
Total reclassifications for the period | $ | (2,237 | ) | |||||||||||||||||||||
Nine months ended September 30, 2014 | ||||||||||||||||||||||||
Details about accumulated other comprehensive (loss) income | Amount reclassified from accumulated other comprehensive (loss) income1 | Affected line item in the statement where net income is presented | ||||||||||||||||||||||
Amortization of defined benefit pension items | ||||||||||||||||||||||||
Prior service costs | $ | (158 | ) | Employee benefits | ||||||||||||||||||||
Actuarial losses | (3,861 | ) | Employee benefits | |||||||||||||||||||||
(4,019 | ) | Income before income taxes | ||||||||||||||||||||||
1,563 | Provision for income taxes | |||||||||||||||||||||||
$ | (2,456 | ) | Net income | |||||||||||||||||||||
Total reclassifications for the period | $ | (2,456 | ) | |||||||||||||||||||||
Nine months ended September 30, 2013 | ||||||||||||||||||||||||
Details about accumulated other comprehensive (loss) income | Amount reclassified from accumulated other comprehensive (loss) income1 | Affected line item in the statement where net income is presented | ||||||||||||||||||||||
Amortization of defined benefit pension items | ||||||||||||||||||||||||
Prior service costs | $ | (158 | ) | Employee benefits | ||||||||||||||||||||
Actuarial losses | (12,738 | ) | Employee benefits | |||||||||||||||||||||
(12,896 | ) | Income before income taxes | ||||||||||||||||||||||
5,428 | Provision for income taxes | |||||||||||||||||||||||
$ | (7,468 | ) | Net income | |||||||||||||||||||||
Total reclassifications for the period | $ | (7,468 | ) | |||||||||||||||||||||
1 Amounts in parentheses indicate debits to profit/loss. |
Subsequent_Events
Subsequent Events | 9 Months Ended |
Sep. 30, 2014 | |
Subsequent Events [Abstract] | ' |
Subsequent Events | ' |
SUBSEQUENT EVENTS | |
On October 1, 2014, BancShares completed the merger of First Citizens Bancorporation, Inc. (Bancorporation) with and into | |
BancShares pursuant to an Agreement and Plan of Merger dated June 10, 2014, as amended on July 29, 2014. First Citizens Bank and Trust Company, Inc. (FCB-SC) is expected to merge with and into FCB during the first quarter of 2015. Under the terms of the Merger Agreement, each share of Bancorporation common stock will be converted into the right to receive 4.00 shares of BancShares' Class A common stock and $50.00 cash, unless the holder elects for each share to be converted into the right to receive 3.58 shares of BancShares' Class A common stock and $50.00 shares of BancShares' Class B common stock. Bancorporation shareholders have until December 5, 2014 to make this election. |
Accounting_Policies_and_Basis_1
Accounting Policies and Basis of Presentation Policies (Policies) | 9 Months Ended |
Sep. 30, 2014 | |
Accounting Policies [Abstract] | ' |
Reclassification, Policy [Policy Text Block] | ' |
Reclassifications | |
In certain instances, amounts reported in prior years' consolidated financial statements have been reclassified to conform to the current financial statement presentation. Such reclassifications had no effect on previously reported shareholders' equity or net income. | |
Use of Estimates, Policy [Policy Text Block] | ' |
Use of Estimates in the Preparation of Financial Statements | |
The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates, and different assumptions in the application of these policies could result in material changes in BancShares' consolidated financial position, the consolidated results of its operations or related disclosures. Material estimates that are particularly susceptible to significant change include the determination of the allowance for loan and lease losses; determination of the fair value of financial instruments; pension plan assumptions; cash flow estimates on acquired loans; the receivable from and payable to the Federal Deposit Insurance Corporation (FDIC) for loss share agreements; purchase accounting-related adjustments; and income tax assets, liabilities and expense. | |
New Accounting Pronouncements, Policy [Policy Text Block] | ' |
Recent Accounting Pronouncements | |
Financial Accounting Standards Board (FASB) Accounting Standards Update (ASU) 2014-14, “Receivables - Troubled Debt Restructurings by Creditors (Subtopic 310-40): Classification of Certain Government-Guaranteed Mortgage Loans upon Foreclosure” | |
This ASU requires a reporting entity to derecognize a mortgage loan and recognize a separate other receivable upon foreclosure if the following conditions are met: the loan has a government guarantee that is not separable from the loan before foreclosure; at the time of foreclosure, the creditor has the intent to convey the real estate property to the guarantor and make a claim on the guarantee, and the creditor has the ability to recover under that claim and at the time of foreclosure, any amount of the claim that is determined on the basis of the fair value of the real estate is fixed. Upon foreclosure, the separate other receivable should be measured based on the amount of the loan balance expected to be recovered from the guarantor. | |
The amendments in this ASU are effective for public entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2014. We are currently evaluating the impact of the new standard and we will adopt during the first quarter of 2015. | |
FASB ASU 2014-11, “Transfers and Servicing (Topic 860)” | |
This ASU aligns the accounting for repurchase-to-maturity transactions and repurchase agreements executed as a repurchase financing with the accounting for other typical repurchase agreements. Going forward, these transactions would all be accounted for as secured borrowings. The guidance eliminates sale accounting for repurchase-to-maturity transactions and supersedes the guidance under which a transfer of a financial asset and a contemporaneous repurchase financing could be accounted for on a combined basis as a forward agreement, which has resulted in outcomes referred to as off-balance-sheet accounting. The ASU requires a new disclosure for transactions economically similar to repurchase agreements in which the transferor retains substantially all of the exposure to the economic return on the transferred financial assets throughout the term of the transaction. The ASU also requires expanded disclosures about the nature of collateral pledged in repurchase agreements and similar transactions accounted for as secured borrowings. | |
The accounting changes in this ASU are effective for fiscal years beginning after December 15, 2014. In addition, the disclosure for certain transactions accounted for as a sale is effective for the fiscal period beginning after December 15, 2014, the disclosures for transactions accounted for as secured borrowings are required to be presented for fiscal periods beginning after December 15, 2014, and interim periods beginning after March 15, 2015. Early adoption is not permitted. BancShares will adopt the guidance effective in the first quarter of 2015, and is currently evaluating the impact of the new standard on the financial statement disclosures. BancShares does not anticipate any effect on our consolidated financial position or consolidated results of operations as a result of adoption. | |
FASB ASU 2014-09, “Revenue from Contracts with Customers (Topic 606)” | |
In May 2014, the FASB issued a standard on the recognition of revenue from contracts with customers with the core principle being for companies to recognize revenue to depict the transfer of goods or services to customers in amounts that reflect the consideration to which the company expects to be entitled in exchange for those goods or services. The new standard also results in enhanced disclosures about revenue, provides guidance for transactions that were not previously addressed comprehensively and improves guidance for multiple-element arrangements. | |
The guidance in this ASU is effective for fiscal periods beginning after December 15, 2016, including interim reporting periods within that reporting period. Early adoption is not permitted. We are currently evaluating the impact of the new standard and we will adopt during the first quarter of 2017 using one of two retrospective application methods. | |
FASB ASU 2014-04, “Receivables-Troubled Debt Restructurings by Creditors (Subtopic 310-40)” | |
This ASU clarifies that an in-substance repossession or foreclosure occurs, and a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, upon either (1) the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure or (2) the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. Additionally, the amendments require interim and annual disclosure of both (1) the amount of foreclosed residential real estate property held by the creditor and (2) the recorded investment in consumer mortgage loans collateralized by residential real estate property that are in the process of foreclosure according to local requirements of the applicable jurisdiction. | |
The amendments in this ASU are effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2014. BancShares will adopt the guidance effective in the first quarter of 2015, and is currently evaluating the impact of the new standard on the financial statement disclosures. BancShares does not anticipate any significant impact on our consolidated financial position or consolidated results of operations as a result of adoption. | |
FASB ASU 2014-01 "Investments - Equity Method and Joint Ventures (Topic 323) - Accounting for Investments in Qualified Affordable Housing Projects” | |
This ASU permits an accounting policy election to account for investments in qualified affordable housing projects using the proportional amortization method if certain conditions are met. Under the proportional amortization method, the initial cost of the investment is amortized in proportion to the tax credits and other tax benefits received and recognize the net investment performance in the income statement as a component of income tax expense (benefit). | |
For those investments in qualified affordable housing projects not accounted for using the proportional amortization method, the investment should be accounted for as an equity method investment or a cost method investment in accordance with Subtopic 970-323. | |
The decision to apply the proportional amortization method of accounting will be applied consistently to all qualifying affordable housing project investments rather than a decision to be applied to individual investments. | |
The amendments in this ASU should be applied retrospectively to all periods presented and are effective for annual periods and interim reporting periods within those annual periods, beginning after December 15, 2014. Early adoption is permitted. BancShares is currently evaluating the impact of the new standard and is targeting a December 31, 2014 adoption and implementation for qualifying affordable housing project investments. | |
FASB ASU 2013-11, “Income Taxes (Topic 740)” | |
This ASU states that an unrecognized tax benefit, or a portion of an unrecognized tax benefit, should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward, except as follows: to the extent a net operating loss carryforward, a similar tax loss, or a tax credit carryforward is not available at the reporting date under the tax law of the applicable jurisdiction to settle any additional income taxes that would result from the disallowance of a tax position or the tax law of the applicable jurisdiction does not require BancShares to use, and BancShares does not intend to use, the deferred tax asset for such purpose, the unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets. The assessment of whether a deferred tax asset is available is based on the unrecognized tax benefit and deferred tax asset that exist at the reporting date and should be made presuming disallowance of the tax position at the reporting date. | |
The provisions of this ASU were effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. BancShares adopted the guidance effective in the first quarter of 2014. The initial adoption had no effect on our consolidated financial position or consolidated results of operations. | |
FASB ASU 2013-04, “Liabilities” | |
This ASU provides guidance for the recognition, measurement, and disclosure of obligations resulting from joint and several liability arrangements for which the total amount of the obligation within the scope of this ASU is fixed at the reporting date, except for obligations addressed within existing guidance in GAAP. | |
The amendments in this update were effective for fiscal years beginning after December 31, 2013. BancShares adopted the guidance effective first quarter of 2014. The initial adoption did not have any effect on our consolidated financial position or consolidated results of operations. |
Business_Combinations_Tables
Business Combinations (Tables) | 9 Months Ended | |||||||||||
Sep. 30, 2014 | ||||||||||||
Business Combinations [Abstract] | ' | |||||||||||
Schedule of assets acquired and liabilities assumed | ' | |||||||||||
The following table provides the carrying value of acquired assets and assumed liabilities, as recorded by 1st Financial, the fair value adjustments calculated at the time of the merger and the resulting fair value recorded by FCB. | ||||||||||||
January 1, 2014 | ||||||||||||
(Dollars in thousands) | As recorded by | Fair value adjustments | As recorded by FCB | |||||||||
1st Financial | ||||||||||||
Assets | ||||||||||||
Cash and cash equivalents | $ | 28,194 | $ | — | $ | 28,194 | ||||||
Investment securities | 246,890 | (9,452 | ) | 237,438 | ||||||||
Loans held for sale | 1,183 | — | 1,183 | |||||||||
Restricted equity securities | 3,105 | 671 | 3,776 | |||||||||
Loans | 338,170 | (21,843 | ) | 316,327 | ||||||||
Less: allowance for loan losses | (7,796 | ) | 7,796 | — | ||||||||
Premises and equipment | 3,871 | (1,185 | ) | 2,686 | ||||||||
Other real estate owned | 12,896 | (1,305 | ) | 11,591 | ||||||||
Intangible assets | — | 3,780 | 3,780 | |||||||||
Other assets | 16,811 | (465 | ) | 16,346 | ||||||||
Total assets acquired | $ | 643,324 | $ | (22,003 | ) | $ | 621,321 | |||||
Liabilities | ||||||||||||
Deposits: | ||||||||||||
Noninterest-bearing | $ | 152,444 | $ | — | $ | 152,444 | ||||||
Interest-bearing | 477,881 | 1,546 | 479,427 | |||||||||
Total deposits | 630,325 | 1,546 | 631,871 | |||||||||
Short-term borrowings | 406 | — | 406 | |||||||||
Other liabilities | 3,392 | 167 | 3,559 | |||||||||
Total liabilities assumed | $ | 634,123 | $ | 1,713 | 635,836 | |||||||
Fair value of net liabilities assumed | 14,515 | |||||||||||
Cash paid to shareholders | 2,000 | |||||||||||
Cash paid to acquire TARP securities | 8,000 | |||||||||||
Goodwill recorded for 1st Financial | $ | 24,515 | ||||||||||
Loans acquired, cash flows expected | ' | |||||||||||
For loans acquired from 1st Financial, the contractually required payments including principal and interest, cash flows expected to be collected and fair values as of the merger date were: | ||||||||||||
(Dollars in thousands) | January 1, 2014 | |||||||||||
Contractually required payments | $ | 414,233 | ||||||||||
Cash flows expected to be collected | 400,622 | |||||||||||
Fair value at acquisition date | 316,327 | |||||||||||
The following table documents changes to the amount of accretable yield for the first nine months of 2014 and 2013. | ||||||||||||
(Dollars in thousands) | 2014 | 2013 | ||||||||||
Balance at January 1 | $ | 439,990 | $ | 539,564 | ||||||||
Additions | 84,295 | — | ||||||||||
Accretion | (89,775 | ) | (179,792 | ) | ||||||||
Reclassifications from nonaccretable difference | 1,374 | 61,689 | ||||||||||
Changes in expected cash flows that do not affect nonaccretable difference | (22,068 | ) | 45,611 | |||||||||
Balance at September 30 | $ | 413,816 | $ | 467,072 | ||||||||
Fair value of loans acquired | ' | |||||||||||
The recorded fair values of loans acquired in the 1st Financial transaction as of the merger date were as follows: | ||||||||||||
(Dollars in thousands) | January 1, 2014 | |||||||||||
Commercial: | ||||||||||||
Construction and land development | $ | 41,516 | ||||||||||
Commercial mortgage | 123,925 | |||||||||||
Other commercial real estate | 6,698 | |||||||||||
Commercial and industrial | 29,126 | |||||||||||
Total commercial loans | 201,265 | |||||||||||
Noncommercial: | ||||||||||||
Residential mortgage | 113,177 | |||||||||||
Consumer | 1,885 | |||||||||||
Total noncommercial loans | 115,062 | |||||||||||
Total loans acquired from 1st Financial | $ | 316,327 | ||||||||||
Investments_Tables
Investments (Tables) | 9 Months Ended | |||||||||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||||||||
Investments [Abstract] | ' | |||||||||||||||||||||||
Aggregate Values And Unrealized Gains And Losses Of Investment Securities | ' | |||||||||||||||||||||||
The amortized cost and fair value of investment securities classified as available for sale and held to maturity at September 30, 2014 and December 31, 2013, are as follows: | ||||||||||||||||||||||||
September 30, 2014 | ||||||||||||||||||||||||
(Dollars in thousands) | Cost | Gross | Gross unrealized | Fair | ||||||||||||||||||||
unrealized | losses | value | ||||||||||||||||||||||
gains | ||||||||||||||||||||||||
Investment securities available for sale | ||||||||||||||||||||||||
U.S. Treasury | $ | 1,888,647 | $ | 583 | $ | 1,420 | $ | 1,887,810 | ||||||||||||||||
Government agency | 1,128,752 | 1,294 | 393 | 1,129,653 | ||||||||||||||||||||
Mortgage-backed securities | 2,591,641 | 7,322 | 21,498 | 2,577,465 | ||||||||||||||||||||
Equity securities | 543 | 29,485 | — | 30,028 | ||||||||||||||||||||
Municipal securities | 125 | 1 | — | 126 | ||||||||||||||||||||
Other | 23,012 | — | — | 23,012 | ||||||||||||||||||||
Total investment securities available for sale | $ | 5,632,720 | $ | 38,685 | $ | 23,311 | $ | 5,648,094 | ||||||||||||||||
December 31, 2013 | ||||||||||||||||||||||||
Cost | Gross | Gross unrealized | Fair | |||||||||||||||||||||
unrealized | losses | value | ||||||||||||||||||||||
gains | ||||||||||||||||||||||||
U.S. Treasury | $ | 373,223 | $ | 259 | $ | 45 | $ | 373,437 | ||||||||||||||||
Government agency | 2,543,223 | 1,798 | 792 | 2,544,229 | ||||||||||||||||||||
Mortgage-backed securities | 2,486,297 | 4,526 | 43,950 | 2,446,873 | ||||||||||||||||||||
Equity securities | 543 | 21,604 | — | 22,147 | ||||||||||||||||||||
Municipal securities | 186 | 1 | — | 187 | ||||||||||||||||||||
Other | 863 | — | 33 | 830 | ||||||||||||||||||||
Total investment securities available for sale | $ | 5,404,335 | $ | 28,188 | $ | 44,820 | $ | 5,387,703 | ||||||||||||||||
September 30, 2014 | ||||||||||||||||||||||||
Cost | Gross | Gross unrealized | Fair | |||||||||||||||||||||
unrealized | losses | value | ||||||||||||||||||||||
gains | ||||||||||||||||||||||||
Investment securities held to maturity | ||||||||||||||||||||||||
Mortgage-backed securities | $ | 607 | $ | 31 | $ | — | $ | 638 | ||||||||||||||||
December 31, 2013 | ||||||||||||||||||||||||
Cost | Gross | Gross unrealized | Fair | |||||||||||||||||||||
unrealized | losses | value | ||||||||||||||||||||||
gains | ||||||||||||||||||||||||
Mortgage-backed securities | $ | 907 | $ | 67 | $ | — | $ | 974 | ||||||||||||||||
Investment Securities Maturity Information | ' | |||||||||||||||||||||||
The following table provides the amortized cost and fair value by contractual maturity. Expected maturities will differ from contractual maturities on certain securities because borrowers and issuers may have the right to call or prepay obligations with or without prepayment penalties. Repayments of mortgage-backed securities are dependent on the repayments of the underlying loan balances. Equity securities do not have a stated maturity date. | ||||||||||||||||||||||||
September 30, 2014 | December 31, 2013 | |||||||||||||||||||||||
(Dollars in thousands) | Cost | Fair | Cost | Fair | ||||||||||||||||||||
value | value | |||||||||||||||||||||||
Investment securities available for sale | ||||||||||||||||||||||||
Non-amortizing securities maturing in: | ||||||||||||||||||||||||
One year or less | $ | 529,931 | $ | 530,363 | $ | 839,956 | $ | 840,883 | ||||||||||||||||
One through five years | 2,487,593 | 2,487,226 | 2,077,539 | 2,077,800 | ||||||||||||||||||||
Over 10 years | 23,012 | 23,012 | — | — | ||||||||||||||||||||
Mortgage-backed securities | 2,591,641 | 2,577,465 | 2,486,297 | 2,446,873 | ||||||||||||||||||||
Equity securities | 543 | 30,028 | 543 | 22,147 | ||||||||||||||||||||
Total investment securities available for sale | $ | 5,632,720 | $ | 5,648,094 | $ | 5,404,335 | $ | 5,387,703 | ||||||||||||||||
Investment securities held to maturity | ||||||||||||||||||||||||
Mortgage-backed securities held to maturity | $ | 607 | $ | 638 | $ | 907 | $ | 974 | ||||||||||||||||
Investment Securities With Unrealized Losses | ' | |||||||||||||||||||||||
The following table provides information regarding securities with unrealized losses as of September 30, 2014 and December 31, 2013. | ||||||||||||||||||||||||
September 30, 2014 | ||||||||||||||||||||||||
Less than 12 months | 12 months or more | Total | ||||||||||||||||||||||
(Dollars in thousands) | Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | ||||||||||||||||||
value | losses | value | losses | value | losses | |||||||||||||||||||
Investment securities available for sale: | ||||||||||||||||||||||||
U.S. Treasury | $ | 999,783 | $ | 1,420 | $ | — | $ | — | $ | 999,783 | $ | 1,420 | ||||||||||||
Government agency | 291,783 | 393 | — | — | 291,783 | 393 | ||||||||||||||||||
Mortgage-backed securities | 486,678 | 2,210 | 1,090,467 | 19,288 | 1,577,145 | 21,498 | ||||||||||||||||||
Total | $ | 1,778,244 | $ | 4,023 | $ | 1,090,467 | $ | 19,288 | $ | 2,868,711 | $ | 23,311 | ||||||||||||
December 31, 2013 | ||||||||||||||||||||||||
Less than 12 months | 12 months or more | Total | ||||||||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | |||||||||||||||||||
value | losses | value | losses | value | losses | |||||||||||||||||||
Investment securities available for sale: | ||||||||||||||||||||||||
U.S. Treasury | $ | 102,105 | $ | 45 | $ | — | $ | — | $ | 102,105 | $ | 45 | ||||||||||||
Government agency | 780,552 | 761 | 29,969 | 31 | 810,521 | 792 | ||||||||||||||||||
Mortgage-backed securities | 2,221,213 | 42,876 | 26,861 | 1,074 | 2,248,074 | 43,950 | ||||||||||||||||||
Other | 830 | 33 | — | — | 830 | 33 | ||||||||||||||||||
Total | $ | 3,104,700 | $ | 43,715 | $ | 56,830 | $ | 1,105 | $ | 3,161,530 | $ | 44,820 | ||||||||||||
Loans_and_Leases_Tables
Loans and Leases (Tables) | 9 Months Ended | |||||||||||||||||||||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||||||||||||||||||||
Loans and Leases Receivable Disclosure [Abstract] | ' | |||||||||||||||||||||||||||||||||||
Loans And Leases Outstanding | ' | |||||||||||||||||||||||||||||||||||
Loans and leases outstanding include the following at September 30, 2014 and December 31, 2013: | ||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | September 30, 2014 | December 31, 2013 | ||||||||||||||||||||||||||||||||||
Acquired loans | ||||||||||||||||||||||||||||||||||||
Commercial: | ||||||||||||||||||||||||||||||||||||
Construction and land development | $ | 59,808 | $ | 78,915 | ||||||||||||||||||||||||||||||||
Commercial mortgage | 579,435 | 642,891 | ||||||||||||||||||||||||||||||||||
Other commercial real estate | 36,043 | 41,381 | ||||||||||||||||||||||||||||||||||
Commercial and industrial | 25,813 | 17,254 | ||||||||||||||||||||||||||||||||||
Other | 1,662 | 866 | ||||||||||||||||||||||||||||||||||
Total commercial loans | 702,761 | 781,307 | ||||||||||||||||||||||||||||||||||
Noncommercial: | ||||||||||||||||||||||||||||||||||||
Residential mortgage | 240,681 | 213,851 | ||||||||||||||||||||||||||||||||||
Revolving mortgage | 50,048 | 30,834 | ||||||||||||||||||||||||||||||||||
Construction and land development | 1,144 | 2,583 | ||||||||||||||||||||||||||||||||||
Consumer | 1,646 | 851 | ||||||||||||||||||||||||||||||||||
Total noncommercial loans | 293,519 | 248,119 | ||||||||||||||||||||||||||||||||||
Total acquired loans | 996,280 | 1,029,426 | ||||||||||||||||||||||||||||||||||
Originated loans and leases: | ||||||||||||||||||||||||||||||||||||
Commercial: | ||||||||||||||||||||||||||||||||||||
Construction and land development | 382,775 | 319,847 | ||||||||||||||||||||||||||||||||||
Commercial mortgage | 6,475,366 | 6,362,490 | ||||||||||||||||||||||||||||||||||
Other commercial real estate | 177,681 | 178,754 | ||||||||||||||||||||||||||||||||||
Commercial and industrial | 1,359,945 | 1,081,158 | ||||||||||||||||||||||||||||||||||
Lease financing | 443,318 | 381,763 | ||||||||||||||||||||||||||||||||||
Other | 213,224 | 175,336 | ||||||||||||||||||||||||||||||||||
Total commercial loans | 9,052,309 | 8,499,348 | ||||||||||||||||||||||||||||||||||
Noncommercial: | ||||||||||||||||||||||||||||||||||||
Residential mortgage | 1,141,049 | 982,421 | ||||||||||||||||||||||||||||||||||
Revolving mortgage | 2,120,167 | 2,113,285 | ||||||||||||||||||||||||||||||||||
Construction and land development | 117,209 | 122,792 | ||||||||||||||||||||||||||||||||||
Consumer | 375,777 | 386,452 | ||||||||||||||||||||||||||||||||||
Total noncommercial loans | 3,754,202 | 3,604,950 | ||||||||||||||||||||||||||||||||||
Total originated loans and leases | 12,806,511 | 12,104,298 | ||||||||||||||||||||||||||||||||||
Total loans and leases | $ | 13,802,791 | $ | 13,133,724 | ||||||||||||||||||||||||||||||||
Composition Of The Loans And Leases Outstanding By Credit Quality Indicator | ' | |||||||||||||||||||||||||||||||||||
Originated loans and leases outstanding at September 30, 2014 and December 31, 2013 by credit quality indicator are provided below: | ||||||||||||||||||||||||||||||||||||
September 30, 2014 | ||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | Originated commercial loans and leases | |||||||||||||||||||||||||||||||||||
Grade: | Construction and land | Commercial | Other | Commercial and | Lease financing | Other | Total originated commercial loans and leases | |||||||||||||||||||||||||||||
development | mortgage | commercial real estate | industrial | |||||||||||||||||||||||||||||||||
Pass | $ | 371,835 | $ | 6,218,527 | $ | 174,039 | $ | 1,253,945 | $ | 434,915 | $ | 213,184 | $ | 8,666,445 | ||||||||||||||||||||||
Special mention | 6,028 | 112,342 | 889 | 19,804 | 4,783 | — | 143,846 | |||||||||||||||||||||||||||||
Substandard | 4,912 | 140,703 | 2,590 | 5,461 | 3,204 | 40 | 156,910 | |||||||||||||||||||||||||||||
Doubtful | — | 2,494 | — | 19 | 399 | — | 2,912 | |||||||||||||||||||||||||||||
Ungraded | — | 1,300 | 163 | 80,716 | 17 | — | 82,196 | |||||||||||||||||||||||||||||
Total | $ | 382,775 | $ | 6,475,366 | $ | 177,681 | $ | 1,359,945 | $ | 443,318 | $ | 213,224 | $ | 9,052,309 | ||||||||||||||||||||||
December 31, 2013 | ||||||||||||||||||||||||||||||||||||
Originated commercial loans and leases | ||||||||||||||||||||||||||||||||||||
Construction and land | Commercial | Other | Commercial and | Lease financing | Other | Total originated commercial loans and leases | ||||||||||||||||||||||||||||||
development | mortgage | commercial real estate | industrial | |||||||||||||||||||||||||||||||||
Pass | $ | 308,231 | $ | 6,094,505 | $ | 174,913 | $ | 964,840 | $ | 375,371 | $ | 174,314 | $ | 8,092,174 | ||||||||||||||||||||||
Special mention | 8,620 | 119,515 | 1,362 | 14,686 | 2,160 | 982 | 147,325 | |||||||||||||||||||||||||||||
Substandard | 2,944 | 141,913 | 2,216 | 6,352 | 3,491 | 40 | 156,956 | |||||||||||||||||||||||||||||
Doubtful | 52 | 5,159 | 75 | 144 | 592 | — | 6,022 | |||||||||||||||||||||||||||||
Ungraded | — | 1,398 | 188 | 95,136 | 149 | — | 96,871 | |||||||||||||||||||||||||||||
Total | $ | 319,847 | $ | 6,362,490 | $ | 178,754 | $ | 1,081,158 | $ | 381,763 | $ | 175,336 | $ | 8,499,348 | ||||||||||||||||||||||
September 30, 2014 | ||||||||||||||||||||||||||||||||||||
Originated noncommercial loans and leases | ||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | Residential | Revolving | Construction | Consumer | Total originated noncommercial | |||||||||||||||||||||||||||||||
mortgage | mortgage | and land | loans | |||||||||||||||||||||||||||||||||
development | ||||||||||||||||||||||||||||||||||||
Current | $ | 1,111,371 | $ | 2,104,212 | $ | 116,377 | $ | 372,348 | $ | 3,704,308 | ||||||||||||||||||||||||||
30-59 days past due | 18,528 | 8,941 | 458 | 2,045 | 29,972 | |||||||||||||||||||||||||||||||
60-89 days past due | 3,380 | 2,064 | 117 | 828 | 6,389 | |||||||||||||||||||||||||||||||
90 days or greater past due | 7,770 | 4,950 | 257 | 556 | 13,533 | |||||||||||||||||||||||||||||||
Total | $ | 1,141,049 | $ | 2,120,167 | $ | 117,209 | $ | 375,777 | $ | 3,754,202 | ||||||||||||||||||||||||||
December 31, 2013 | ||||||||||||||||||||||||||||||||||||
Originated noncommercial loans and leases | ||||||||||||||||||||||||||||||||||||
Residential | Revolving | Construction | Consumer | Total originated noncommercial | ||||||||||||||||||||||||||||||||
mortgage | mortgage | and land | loans | |||||||||||||||||||||||||||||||||
development | ||||||||||||||||||||||||||||||||||||
Current | $ | 955,300 | $ | 2,095,480 | $ | 121,026 | $ | 382,710 | $ | 3,554,516 | ||||||||||||||||||||||||||
30-59 days past due | 12,885 | 10,977 | 1,193 | 2,114 | 27,169 | |||||||||||||||||||||||||||||||
60-89 days past due | 4,658 | 2,378 | 317 | 955 | 8,308 | |||||||||||||||||||||||||||||||
90 days or greater past due | 9,578 | 4,450 | 256 | 673 | 14,957 | |||||||||||||||||||||||||||||||
Total | $ | 982,421 | $ | 2,113,285 | $ | 122,792 | $ | 386,452 | $ | 3,604,950 | ||||||||||||||||||||||||||
Acquired loans and leases outstanding at September 30, 2014 and December 31, 2013 by credit quality indicator are provided below: | ||||||||||||||||||||||||||||||||||||
September 30, 2014 | ||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | Acquired loans | |||||||||||||||||||||||||||||||||||
Grade: | Construction | Commercial | Other | Commercial | Residential | Revolving | Construction | Consumer | Total acquired | |||||||||||||||||||||||||||
and land | mortgage | commercial | and | mortgage | mortgage | and land | and other | loans | ||||||||||||||||||||||||||||
development - | real estate | industrial | development - | |||||||||||||||||||||||||||||||||
commercial | noncommercial | |||||||||||||||||||||||||||||||||||
Pass | $ | 7,883 | $ | 318,221 | $ | 11,249 | $ | 20,208 | $ | 131,302 | $ | 22,811 | $ | 70 | $ | 1,416 | $ | 513,160 | ||||||||||||||||||
Special mention | 5,669 | 103,276 | 16,005 | 2,685 | 4,148 | 3,396 | — | — | 135,179 | |||||||||||||||||||||||||||
Substandard | 40,876 | 144,810 | 8,789 | 2,767 | 32,636 | 2,588 | 50 | 240 | 232,756 | |||||||||||||||||||||||||||
Doubtful | 2,766 | 12,737 | — | 153 | 771 | 965 | 294 | — | 17,686 | |||||||||||||||||||||||||||
Ungraded | 2,614 | 391 | — | — | 71,824 | 20,288 | 730 | 1,652 | 97,499 | |||||||||||||||||||||||||||
Total | $ | 59,808 | $ | 579,435 | $ | 36,043 | $ | 25,813 | $ | 240,681 | $ | 50,048 | $ | 1,144 | $ | 3,308 | $ | 996,280 | ||||||||||||||||||
December 31, 2013 | ||||||||||||||||||||||||||||||||||||
Acquired loans | ||||||||||||||||||||||||||||||||||||
Construction | Commercial | Other | Commercial | Residential | Revolving | Construction | Consumer | Total acquired | ||||||||||||||||||||||||||||
and land | mortgage | commercial | and | mortgage | mortgage | and land | and other | loans | ||||||||||||||||||||||||||||
development - | real estate | industrial | development - | |||||||||||||||||||||||||||||||||
commercial | noncommercial | |||||||||||||||||||||||||||||||||||
Pass | $ | 2,619 | $ | 296,824 | $ | 22,225 | $ | 8,021 | $ | 135,326 | $ | 26,322 | $ | 149 | $ | 1,345 | $ | 492,831 | ||||||||||||||||||
Special mention | 15,530 | 125,295 | 3,431 | 2,585 | 6,301 | 2,608 | — | — | 155,750 | |||||||||||||||||||||||||||
Substandard | 52,228 | 179,657 | 7,012 | 5,225 | 52,774 | 1,013 | 2,139 | — | 300,048 | |||||||||||||||||||||||||||
Doubtful | 7,436 | 40,471 | 8,713 | 1,257 | 2,058 | 891 | 295 | — | 61,121 | |||||||||||||||||||||||||||
Ungraded | 1,102 | 644 | — | 166 | 17,392 | — | — | 372 | 19,676 | |||||||||||||||||||||||||||
Total | $ | 78,915 | $ | 642,891 | $ | 41,381 | $ | 17,254 | $ | 213,851 | $ | 30,834 | $ | 2,583 | $ | 1,717 | $ | 1,029,426 | ||||||||||||||||||
Aging Of The Outstanding Loans And Leases By Class Excluding Loans Impaired At Acquisition Date | ' | |||||||||||||||||||||||||||||||||||
The aging of the outstanding loans and leases, by class, at September 30, 2014 and December 31, 2013 (excluding loans and leases acquired with deteriorated credit quality) is provided in the table below. | ||||||||||||||||||||||||||||||||||||
The calculation of days past due begins on the day after payment is due and includes all days through which all required interest or principal has not been paid. Loans and leases 30 days or less past due are considered current as various grace periods allow borrowers to make payments within a stated period after the due date and still remain in compliance with the loan agreement. | ||||||||||||||||||||||||||||||||||||
September 30, 2014 | ||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | 30-59 days | 60-89 days | 90 days or greater | Total past | Current | Total loans | ||||||||||||||||||||||||||||||
past due | past due | due | and leases | |||||||||||||||||||||||||||||||||
Originated loans and leases: | ||||||||||||||||||||||||||||||||||||
Construction and land development - commercial | $ | 379 | $ | 13 | $ | 313 | $ | 705 | $ | 382,070 | $ | 382,775 | ||||||||||||||||||||||||
Commercial mortgage | 11,337 | 4,536 | 11,009 | 26,882 | 6,448,484 | 6,475,366 | ||||||||||||||||||||||||||||||
Other commercial real estate | 808 | 67 | — | 875 | 176,806 | 177,681 | ||||||||||||||||||||||||||||||
Commercial and industrial | 5,366 | 634 | 845 | 6,845 | 1,353,100 | 1,359,945 | ||||||||||||||||||||||||||||||
Lease financing | 527 | 322 | 513 | 1,362 | 441,956 | 443,318 | ||||||||||||||||||||||||||||||
Other | — | — | — | — | 213,224 | 213,224 | ||||||||||||||||||||||||||||||
Residential mortgage | 18,528 | 3,380 | 7,770 | 29,678 | 1,111,371 | 1,141,049 | ||||||||||||||||||||||||||||||
Revolving mortgage | 8,941 | 2,064 | 4,950 | 15,955 | 2,104,212 | 2,120,167 | ||||||||||||||||||||||||||||||
Construction and land development - noncommercial | 458 | 117 | 257 | 832 | 116,377 | 117,209 | ||||||||||||||||||||||||||||||
Consumer | 2,045 | 828 | 556 | 3,429 | 372,348 | 375,777 | ||||||||||||||||||||||||||||||
Total originated loans and leases | $ | 48,389 | $ | 11,961 | $ | 26,213 | $ | 86,563 | $ | 12,719,948 | $ | 12,806,511 | ||||||||||||||||||||||||
December 31, 2013 | ||||||||||||||||||||||||||||||||||||
30-59 days | 60-89 days | 90 days or greater | Total past | Current | Total loans | |||||||||||||||||||||||||||||||
past due | past due | due | and leases | |||||||||||||||||||||||||||||||||
Originated loans and leases: | ||||||||||||||||||||||||||||||||||||
Construction and land development - commercial | $ | 1,603 | $ | 9 | $ | 457 | $ | 2,069 | $ | 317,778 | $ | 319,847 | ||||||||||||||||||||||||
Commercial mortgage | 11,131 | 3,601 | 14,407 | 29,139 | 6,333,351 | 6,362,490 | ||||||||||||||||||||||||||||||
Other commercial real estate | 139 | 210 | 470 | 819 | 177,935 | 178,754 | ||||||||||||||||||||||||||||||
Commercial and industrial | 3,336 | 682 | 436 | 4,454 | 1,076,704 | 1,081,158 | ||||||||||||||||||||||||||||||
Lease financing | 789 | 1,341 | 101 | 2,231 | 379,532 | 381,763 | ||||||||||||||||||||||||||||||
Other | — | 85 | — | 85 | 175,251 | 175,336 | ||||||||||||||||||||||||||||||
Residential mortgage | 12,885 | 4,658 | 9,578 | 27,121 | 955,300 | 982,421 | ||||||||||||||||||||||||||||||
Revolving mortgage | 10,977 | 2,378 | 4,450 | 17,805 | 2,095,480 | 2,113,285 | ||||||||||||||||||||||||||||||
Construction and land development - noncommercial | 1,193 | 317 | 256 | 1,766 | 121,026 | 122,792 | ||||||||||||||||||||||||||||||
Consumer | 2,114 | 955 | 673 | 3,742 | 382,710 | 386,452 | ||||||||||||||||||||||||||||||
Total originated loans and leases | $ | 44,167 | $ | 14,236 | $ | 30,828 | $ | 89,231 | $ | 12,015,067 | $ | 12,104,298 | ||||||||||||||||||||||||
Recorded Investment, By Class, In Loans And Leases On Nonaccrual Status And Loans And Leases Greater Than 90 Days Past Due And Still Accruing | ' | |||||||||||||||||||||||||||||||||||
The recorded investment, by class, in loans and leases on nonaccrual status, and loans and leases greater than 90 days past due and still accruing at September 30, 2014 and December 31, 2013 (excluding acquired loans and leases) are as follows: | ||||||||||||||||||||||||||||||||||||
September 30, 2014 | December 31, 2013 | |||||||||||||||||||||||||||||||||||
(Dollars in thousands) | Nonaccrual | Loans and | Nonaccrual | Loans and | ||||||||||||||||||||||||||||||||
loans and | leases > 90 | loans and | leases > 90 | |||||||||||||||||||||||||||||||||
leases | days and | leases | days and | |||||||||||||||||||||||||||||||||
accruing | accruing | |||||||||||||||||||||||||||||||||||
Originated loans and leases: | ||||||||||||||||||||||||||||||||||||
Construction and land development - commercial | $ | 258 | $ | 110 | $ | 544 | $ | — | ||||||||||||||||||||||||||||
Other commercial real estate | 1,401 | — | 1,610 | — | ||||||||||||||||||||||||||||||||
Commercial mortgage | 30,279 | 2,160 | 33,529 | 1,113 | ||||||||||||||||||||||||||||||||
Commercial and industrial | 1,696 | 111 | 1,428 | 294 | ||||||||||||||||||||||||||||||||
Lease financing | 410 | 513 | 832 | — | ||||||||||||||||||||||||||||||||
Residential mortgage | 13,713 | 1,870 | 14,701 | 1,998 | ||||||||||||||||||||||||||||||||
Revolving mortgage | — | 4,950 | — | 4,450 | ||||||||||||||||||||||||||||||||
Construction and land development - noncommercial | — | 257 | 457 | 256 | ||||||||||||||||||||||||||||||||
Consumer | 21 | 556 | 69 | 673 | ||||||||||||||||||||||||||||||||
Total originated loans and leases | $ | 47,778 | $ | 10,527 | $ | 53,170 | $ | 8,784 | ||||||||||||||||||||||||||||
Changes In Carrying Value Of Acquired Impaired Loans | ' | |||||||||||||||||||||||||||||||||||
The following table provides changes in the recorded investment of acquired loans during the nine months ended September 30, 2014 and September 30, 2013: | ||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | 2014 | 2013 | ||||||||||||||||||||||||||||||||||
Balance at January 1 | $ | 1,029,426 | $ | 1,809,235 | ||||||||||||||||||||||||||||||||
Fair value of acquired loans | 316,327 | — | ||||||||||||||||||||||||||||||||||
Accretion | 89,775 | 179,792 | ||||||||||||||||||||||||||||||||||
Payments received and other changes, net | (439,248 | ) | (800,746 | ) | ||||||||||||||||||||||||||||||||
Balance at September 30 | $ | 996,280 | $ | 1,188,281 | ||||||||||||||||||||||||||||||||
Unpaid principal balance at September 30 | $ | 1,754,882 | $ | 2,082,873 | ||||||||||||||||||||||||||||||||
Changes In The Amount Of Accretable Yield | ' | |||||||||||||||||||||||||||||||||||
For loans acquired from 1st Financial, the contractually required payments including principal and interest, cash flows expected to be collected and fair values as of the merger date were: | ||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | January 1, 2014 | |||||||||||||||||||||||||||||||||||
Contractually required payments | $ | 414,233 | ||||||||||||||||||||||||||||||||||
Cash flows expected to be collected | 400,622 | |||||||||||||||||||||||||||||||||||
Fair value at acquisition date | 316,327 | |||||||||||||||||||||||||||||||||||
The following table documents changes to the amount of accretable yield for the first nine months of 2014 and 2013. | ||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | 2014 | 2013 | ||||||||||||||||||||||||||||||||||
Balance at January 1 | $ | 439,990 | $ | 539,564 | ||||||||||||||||||||||||||||||||
Additions | 84,295 | — | ||||||||||||||||||||||||||||||||||
Accretion | (89,775 | ) | (179,792 | ) | ||||||||||||||||||||||||||||||||
Reclassifications from nonaccretable difference | 1,374 | 61,689 | ||||||||||||||||||||||||||||||||||
Changes in expected cash flows that do not affect nonaccretable difference | (22,068 | ) | 45,611 | |||||||||||||||||||||||||||||||||
Balance at September 30 | $ | 413,816 | $ | 467,072 | ||||||||||||||||||||||||||||||||
Allowance_for_Loan_and_Lease_L1
Allowance for Loan and Lease Losses (Tables) | 9 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for Loan and Lease Losses, Adjustments, Net [Abstract] | ' | |||||||||||||||||||||||||||||||||||||||||||||||
Allowance for Loan and Lease Losses | ' | |||||||||||||||||||||||||||||||||||||||||||||||
The following tables show the activity in the allowance for acquired loan and lease losses by loan class for the three and nine months ended September 30, 2014 and September 30, 2013. | ||||||||||||||||||||||||||||||||||||||||||||||||
Three months ended September 30, 2014 | ||||||||||||||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | Construction | Commercial | Other | Commercial | Residential | Revolving | Construction | Consumer | Total | |||||||||||||||||||||||||||||||||||||||
and land | mortgage | commercial | and | mortgage | mortgage | and land | and other | |||||||||||||||||||||||||||||||||||||||||
development - | real estate | industrial | development - | |||||||||||||||||||||||||||||||||||||||||||||
commercial | noncommercial | |||||||||||||||||||||||||||||||||||||||||||||||
Acquired Loans | ||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for loan and lease losses: | ||||||||||||||||||||||||||||||||||||||||||||||||
Balance at July 1 | $ | 3,803 | $ | 17,315 | $ | 407 | $ | 375 | $ | 7,093 | $ | 81 | $ | — | $ | 257 | $ | 29,331 | ||||||||||||||||||||||||||||||
Provision | (1,815 | ) | (2,374 | ) | (435 | ) | 182 | 187 | 3,899 | 239 | (80 | ) | (197 | ) | ||||||||||||||||||||||||||||||||||
Charge-offs | (1,633 | ) | (2,357 | ) | 106 | 839 | (188 | ) | (1 | ) | (83 | ) | (17 | ) | (3,334 | ) | ||||||||||||||||||||||||||||||||
Recoveries | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||
Balance at September 30 | $ | 355 | $ | 12,584 | $ | 78 | $ | 1,396 | $ | 7,092 | $ | 3,979 | $ | 156 | $ | 160 | $ | 25,800 | ||||||||||||||||||||||||||||||
Three months ended September 30, 2013 | ||||||||||||||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | Construction | Commercial | Other | Commercial | Residential | Revolving | Construction | Consumer | Total | |||||||||||||||||||||||||||||||||||||||
and land | mortgage | commercial | and | mortgage | mortgage | and land | and other | |||||||||||||||||||||||||||||||||||||||||
development - | real estate | industrial | development - | |||||||||||||||||||||||||||||||||||||||||||||
commercial | noncommercial | |||||||||||||||||||||||||||||||||||||||||||||||
Balance at July 1 | $ | 7,589 | $ | 33,588 | $ | 4,596 | $ | 5,936 | $ | 17,272 | $ | 6,031 | $ | 1,232 | $ | 290 | $ | 76,534 | ||||||||||||||||||||||||||||||
Provision | (3,707 | ) | (1,944 | ) | (2,673 | ) | (73 | ) | (2,445 | ) | (1,195 | ) | (467 | ) | (111 | ) | (12,615 | ) | ||||||||||||||||||||||||||||||
Charge-offs | (1,263 | ) | (2,324 | ) | — | (89 | ) | (509 | ) | — | (217 | ) | — | (4,402 | ) | |||||||||||||||||||||||||||||||||
Recoveries | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||
Balance at September 30 | $ | 2,619 | $ | 29,320 | $ | 1,923 | $ | 5,774 | $ | 14,318 | $ | 4,836 | $ | 548 | $ | 179 | $ | 59,517 | ||||||||||||||||||||||||||||||
Nine months ended September 30, 2014 | ||||||||||||||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | Construction | Commercial | Other | Commercial | Residential | Revolving | Construction | Consumer | Total | |||||||||||||||||||||||||||||||||||||||
and land | mortgage | commercial | and | mortgage | mortgage | and land | and other | |||||||||||||||||||||||||||||||||||||||||
development - | real estate | industrial | development - | |||||||||||||||||||||||||||||||||||||||||||||
commercial | noncommercial | |||||||||||||||||||||||||||||||||||||||||||||||
Balance at January 1 | $ | 1,320 | $ | 29,906 | $ | 1,354 | $ | 5,275 | $ | 11,802 | $ | 2,959 | $ | 682 | $ | 222 | $ | 53,520 | ||||||||||||||||||||||||||||||
Provision | 1,463 | (6,946 | ) | (1,382 | ) | (1,883 | ) | (4,289 | ) | 1,502 | (443 | ) | (21 | ) | (11,999 | ) | ||||||||||||||||||||||||||||||||
Charge-offs | (2,428 | ) | (10,376 | ) | 106 | (1,996 | ) | (421 | ) | (482 | ) | (83 | ) | (41 | ) | (15,721 | ) | |||||||||||||||||||||||||||||||
Recoveries | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||
Balance at September 30 | $ | 355 | $ | 12,584 | $ | 78 | $ | 1,396 | $ | 7,092 | $ | 3,979 | $ | 156 | $ | 160 | $ | 25,800 | ||||||||||||||||||||||||||||||
Nine months ended September 30, 2013 | ||||||||||||||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | Construction | Commercial | Other | Commercial | Residential | Revolving | Construction | Consumer | Total | |||||||||||||||||||||||||||||||||||||||
and land | mortgage | commercial | and | mortgage | mortgage | and land | and other | |||||||||||||||||||||||||||||||||||||||||
development - | real estate | industrial | development - | |||||||||||||||||||||||||||||||||||||||||||||
commercial | noncommercial | |||||||||||||||||||||||||||||||||||||||||||||||
Balance at January 1 | $ | 31,186 | $ | 50,275 | $ | 11,234 | $ | 8,897 | $ | 19,837 | $ | 9,754 | $ | 8,287 | $ | 502 | $ | 139,972 | ||||||||||||||||||||||||||||||
Provision | (25,132 | ) | (10,809 | ) | (2,689 | ) | 2,067 | (3,546 | ) | (4,918 | ) | (7,739 | ) | 2,056 | (50,710 | ) | ||||||||||||||||||||||||||||||||
Charge-offs | (3,435 | ) | (10,146 | ) | (6,622 | ) | (5,190 | ) | (1,973 | ) | — | — | (2,379 | ) | (29,745 | ) | ||||||||||||||||||||||||||||||||
Recoveries | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||
Balance at September 30 | $ | 2,619 | $ | 29,320 | $ | 1,923 | $ | 5,774 | $ | 14,318 | $ | 4,836 | $ | 548 | $ | 179 | $ | 59,517 | ||||||||||||||||||||||||||||||
The following tables provide information on originated loans and leases that are individually evaluated for impairment as of September 30, 2014 and December 31, 2013. | ||||||||||||||||||||||||||||||||||||||||||||||||
September 30, 2014 | ||||||||||||||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | With a | With no | Total | Unpaid | Related | |||||||||||||||||||||||||||||||||||||||||||
recorded | recorded | principal | allowance | |||||||||||||||||||||||||||||||||||||||||||||
allowance | allowance | balance | recorded | |||||||||||||||||||||||||||||||||||||||||||||
Impaired originated loans and leases | ||||||||||||||||||||||||||||||||||||||||||||||||
Construction and land development - commercial | $ | 1,379 | $ | 689 | $ | 2,068 | $ | 7,090 | $ | 382 | ||||||||||||||||||||||||||||||||||||||
Commercial mortgage | 56,845 | 31,890 | 88,735 | 94,021 | 5,811 | |||||||||||||||||||||||||||||||||||||||||||
Other commercial real estate | 720 | 1,246 | 1,966 | 2,365 | 173 | |||||||||||||||||||||||||||||||||||||||||||
Commercial and industrial | 10,272 | 1,212 | 11,484 | 12,563 | 3,042 | |||||||||||||||||||||||||||||||||||||||||||
Lease financing | 281 | — | 281 | 281 | 151 | |||||||||||||||||||||||||||||||||||||||||||
Other | 40 | — | 40 | 40 | 6 | |||||||||||||||||||||||||||||||||||||||||||
Residential mortgage | 9,556 | 5,244 | 14,800 | 15,260 | 1,416 | |||||||||||||||||||||||||||||||||||||||||||
Revolving mortgage | 3,497 | — | 3,497 | 4,719 | 1,060 | |||||||||||||||||||||||||||||||||||||||||||
Construction and land development - noncommercial | 1,323 | 175 | 1,498 | 1,498 | 103 | |||||||||||||||||||||||||||||||||||||||||||
Consumer | 1,023 | 19 | 1,042 | 1,092 | 594 | |||||||||||||||||||||||||||||||||||||||||||
Total impaired originated loans and leases | $ | 84,936 | $ | 40,475 | $ | 125,411 | $ | 138,929 | $ | 12,738 | ||||||||||||||||||||||||||||||||||||||
December 31, 2013 | ||||||||||||||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | With a | With no | Total | Unpaid | Related | |||||||||||||||||||||||||||||||||||||||||||
recorded | recorded | principal | allowance | |||||||||||||||||||||||||||||||||||||||||||||
allowance | allowance | balance | recorded | |||||||||||||||||||||||||||||||||||||||||||||
Impaired originated loans and leases | ||||||||||||||||||||||||||||||||||||||||||||||||
Construction and land development - commercial | $ | 1,025 | $ | 1,247 | $ | 2,272 | $ | 7,306 | $ | 103 | ||||||||||||||||||||||||||||||||||||||
Commercial mortgage | 57,819 | 39,292 | 97,111 | 103,522 | 6,873 | |||||||||||||||||||||||||||||||||||||||||||
Other commercial real estate | 783 | 1,095 | 1,878 | 2,279 | 209 | |||||||||||||||||||||||||||||||||||||||||||
Commercial and industrial | 7,197 | 2,103 | 9,300 | 10,393 | 771 | |||||||||||||||||||||||||||||||||||||||||||
Lease financing | 133 | 55 | 188 | 188 | 54 | |||||||||||||||||||||||||||||||||||||||||||
Residential mortgage | 11,534 | 4,005 | 15,539 | 15,939 | 1,586 | |||||||||||||||||||||||||||||||||||||||||||
Revolving mortgage | 3,382 | 214 | 3,596 | 3,596 | 372 | |||||||||||||||||||||||||||||||||||||||||||
Construction and land development - noncommercial | 651 | 457 | 1,108 | 1,108 | 72 | |||||||||||||||||||||||||||||||||||||||||||
Consumer | 1,154 | — | 1,154 | 1,154 | 121 | |||||||||||||||||||||||||||||||||||||||||||
Total impaired originated loans and leases | $ | 83,678 | $ | 48,468 | $ | 132,146 | $ | 145,485 | $ | 10,161 | ||||||||||||||||||||||||||||||||||||||
The following tables show the average impaired originated loan balance and the interest income recognized by loan class for the three and nine months ended September 30, 2014 and September 30, 2013: | ||||||||||||||||||||||||||||||||||||||||||||||||
Three months ended September 30, 2014 | Three months ended September 30, 2013 | |||||||||||||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | Average | Interest income recognized | Average | Interest income recognized | ||||||||||||||||||||||||||||||||||||||||||||
balance | balance | |||||||||||||||||||||||||||||||||||||||||||||||
Impaired originated loans and leases: | ||||||||||||||||||||||||||||||||||||||||||||||||
Construction and land development - commercial | $ | 2,296 | $ | 26 | $ | 5,553 | $ | 29 | ||||||||||||||||||||||||||||||||||||||||
Commercial mortgage | 90,318 | 806 | 117,584 | 1,575 | ||||||||||||||||||||||||||||||||||||||||||||
Other commercial real estate | 1,980 | 7 | 2,852 | 39 | ||||||||||||||||||||||||||||||||||||||||||||
Commercial and industrial | 11,699 | 108 | 12,136 | 127 | ||||||||||||||||||||||||||||||||||||||||||||
Lease financing | 312 | 5 | 312 | 5 | ||||||||||||||||||||||||||||||||||||||||||||
Other | 42 | 1 | — | — | ||||||||||||||||||||||||||||||||||||||||||||
Residential mortgage | 15,071 | 111 | 15,137 | 181 | ||||||||||||||||||||||||||||||||||||||||||||
Revolving mortgage | 3,708 | 29 | 6,564 | 47 | ||||||||||||||||||||||||||||||||||||||||||||
Construction and land development - noncommercial | 1,942 | 27 | 943 | 14 | ||||||||||||||||||||||||||||||||||||||||||||
Consumer | 1,063 | 19 | 1,253 | 4 | ||||||||||||||||||||||||||||||||||||||||||||
Average impaired originated loans and leases | $ | 128,431 | $ | 1,139 | $ | 162,334 | $ | 2,021 | ||||||||||||||||||||||||||||||||||||||||
Nine months ended September 30, 2014 | Nine months ended September 30, 2013 | |||||||||||||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | Average | Interest income recognized | Average | Interest income recognized | ||||||||||||||||||||||||||||||||||||||||||||
balance | balance | |||||||||||||||||||||||||||||||||||||||||||||||
Impaired originated loans and leases: | ||||||||||||||||||||||||||||||||||||||||||||||||
Construction and land development - commercial | $ | 1,701 | $ | 57 | $ | 7,793 | $ | 242 | ||||||||||||||||||||||||||||||||||||||||
Commercial mortgage | 86,131 | 2,522 | 107,929 | 4,413 | ||||||||||||||||||||||||||||||||||||||||||||
Other commercial real estate | 2,474 | 67 | 2,893 | 121 | ||||||||||||||||||||||||||||||||||||||||||||
Commercial and industrial | 14,227 | 461 | 13,811 | 533 | ||||||||||||||||||||||||||||||||||||||||||||
Lease financing | 589 | 26 | 399 | 19 | ||||||||||||||||||||||||||||||||||||||||||||
Other | 29 | 2 | — | — | ||||||||||||||||||||||||||||||||||||||||||||
Residential mortgage | 15,525 | 395 | 15,441 | 253 | ||||||||||||||||||||||||||||||||||||||||||||
Revolving mortgage | 4,069 | 105 | 6,337 | 459 | ||||||||||||||||||||||||||||||||||||||||||||
Construction and land development - noncommercial | 1,902 | 77 | 907 | 39 | ||||||||||||||||||||||||||||||||||||||||||||
Consumer | 1,710 | 70 | 1,508 | 33 | ||||||||||||||||||||||||||||||||||||||||||||
Average impaired originated loans and leases | $ | 128,357 | $ | 3,782 | $ | 157,018 | $ | 6,112 | ||||||||||||||||||||||||||||||||||||||||
The following tables present the activity in the allowance for originated loan and lease losses by loan class for the three and nine months ended September 30, 2014 and September 30, 2013: | ||||||||||||||||||||||||||||||||||||||||||||||||
Three months ended September 30, 2014 | ||||||||||||||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | Construction | Commercial | Other commercial real estate | Commercial | Lease | Other | Residential | Revolving | Construction | Consumer | Non- | Total | ||||||||||||||||||||||||||||||||||||
and land | mortgage | and industrial | financing | mortgage | mortgage | and land | specific | |||||||||||||||||||||||||||||||||||||||||
development | development | |||||||||||||||||||||||||||||||||||||||||||||||
- commercial | - non- | |||||||||||||||||||||||||||||||||||||||||||||||
commercial | ||||||||||||||||||||||||||||||||||||||||||||||||
Originated Loans | ||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for loan and lease losses: | ||||||||||||||||||||||||||||||||||||||||||||||||
Balance at July 1 | $ | 11,116 | $ | 92,129 | $ | 806 | $ | 26,909 | $ | 4,365 | $ | 612 | $ | 9,301 | $ | 16,797 | $ | 905 | $ | 13,975 | $ | — | $ | 176,915 | ||||||||||||||||||||||||
Provision | 1,469 | (8,082 | ) | 61 | 4,361 | (71 | ) | 127 | 15 | 2,075 | 21 | 1,758 | — | 1,734 | ||||||||||||||||||||||||||||||||||
Charge-offs | — | (277 | ) | — | (1,414 | ) | (28 | ) | — | (231 | ) | (925 | ) | (45 | ) | (2,467 | ) | — | (5,387 | ) | ||||||||||||||||||||||||||||
Recoveries | 15 | 476 | 8 | 227 | 34 | — | 28 | 174 | 14 | 867 | — | 1,843 | ||||||||||||||||||||||||||||||||||||
Balance at September 30 | $ | 12,600 | $ | 84,246 | $ | 875 | $ | 30,083 | $ | 4,300 | $ | 739 | $ | 9,113 | $ | 18,121 | $ | 895 | $ | 14,133 | $ | — | $ | 175,105 | ||||||||||||||||||||||||
Three months ended September 30, 2013 | ||||||||||||||||||||||||||||||||||||||||||||||||
Construction | Commercial | Other commercial real estate | Commercial | Lease | Other | Residential | Revolving | Construction | Consumer | Non- | Total | |||||||||||||||||||||||||||||||||||||
and land | mortgage | and industrial | financing | mortgage | mortgage | and land | specific | |||||||||||||||||||||||||||||||||||||||||
development | development | |||||||||||||||||||||||||||||||||||||||||||||||
- commercial | - non- | |||||||||||||||||||||||||||||||||||||||||||||||
commercial | ||||||||||||||||||||||||||||||||||||||||||||||||
Balance at July 1 | $ | 11,732 | $ | 104,842 | $ | 1,057 | $ | 19,309 | $ | 4,992 | $ | 360 | $ | 9,996 | $ | 14,997 | $ | 720 | $ | 13,777 | $ | — | $ | 181,782 | ||||||||||||||||||||||||
Provision | 1,797 | (5,256 | ) | (56 | ) | 4,656 | (439 | ) | (171 | ) | 515 | 2,206 | (214 | ) | 1,894 | — | 4,932 | |||||||||||||||||||||||||||||||
Charge-offs | (3,030 | ) | (794 | ) | (5 | ) | (1,671 | ) | (31 | ) | — | (719 | ) | (1,472 | ) | (59 | ) | (2,445 | ) | — | (10,226 | ) | ||||||||||||||||||||||||||
Recoveries | 84 | 241 | 39 | 344 | 71 | — | 253 | 84 | 101 | 577 | — | 1,794 | ||||||||||||||||||||||||||||||||||||
Balance at September 30 | $ | 10,583 | $ | 99,033 | $ | 1,035 | $ | 22,638 | $ | 4,593 | $ | 189 | $ | 10,045 | $ | 15,815 | $ | 548 | $ | 13,803 | $ | — | $ | 178,282 | ||||||||||||||||||||||||
Nine months ended September 30, 2014 | ||||||||||||||||||||||||||||||||||||||||||||||||
Construction | Commercial | Other commercial real estate | Commercial | Lease | Other | Residential | Revolving | Construction | Consumer | Non- | Total | |||||||||||||||||||||||||||||||||||||
and land | mortgage | and industrial | financing | mortgage | mortgage | and land | specific | |||||||||||||||||||||||||||||||||||||||||
development | development | |||||||||||||||||||||||||||||||||||||||||||||||
- commercial | - non- | |||||||||||||||||||||||||||||||||||||||||||||||
commercial | ||||||||||||||||||||||||||||||||||||||||||||||||
Balance at January 1 | $ | 10,335 | $ | 100,257 | $ | 1,009 | $ | 22,362 | $ | 4,749 | $ | 190 | $ | 10,511 | $ | 16,239 | $ | 681 | $ | 13,541 | $ | — | $ | 179,874 | ||||||||||||||||||||||||
Provision | 2,219 | (17,021 | ) | (167 | ) | 9,369 | (420 | ) | 562 | (933 | ) | 4,681 | 274 | 5,770 | — | 4,334 | ||||||||||||||||||||||||||||||||
Charge-offs | — | (718 | ) | — | (2,440 | ) | (100 | ) | (13 | ) | (649 | ) | (3,249 | ) | (138 | ) | (7,271 | ) | — | (14,578 | ) | |||||||||||||||||||||||||||
Recoveries | 46 | 1,728 | 33 | 792 | 71 | — | 184 | 450 | 78 | 2,093 | — | 5,475 | ||||||||||||||||||||||||||||||||||||
Balance at September 30 | $ | 12,600 | $ | 84,246 | $ | 875 | $ | 30,083 | $ | 4,300 | $ | 739 | $ | 9,113 | $ | 18,121 | $ | 895 | $ | 14,133 | $ | — | $ | 175,105 | ||||||||||||||||||||||||
Nine months ended September 30, 2013 | ||||||||||||||||||||||||||||||||||||||||||||||||
Construction | Commercial | Other commercial real estate | Commercial | Lease | Other | Residential | Revolving | Construction | Consumer | Non- | Total | |||||||||||||||||||||||||||||||||||||
and land | mortgage | and industrial | financing | mortgage | mortgage | and land | specific | |||||||||||||||||||||||||||||||||||||||||
development | development | |||||||||||||||||||||||||||||||||||||||||||||||
- commercial | - non- | |||||||||||||||||||||||||||||||||||||||||||||||
commercial | ||||||||||||||||||||||||||||||||||||||||||||||||
Balance at January 1 | $ | 6,031 | $ | 80,229 | $ | 2,059 | $ | 14,050 | $ | 3,521 | $ | 1,175 | $ | 3,836 | $ | 25,185 | $ | 1,721 | $ | 25,389 | $ | 15,850 | $ | 179,046 | ||||||||||||||||||||||||
Provision | 3,259 | (7,695 | ) | (207 | ) | 3,951 | 1,358 | 307 | 2,126 | 4,546 | (571 | ) | 4,183 | (78 | ) | 11,179 | ||||||||||||||||||||||||||||||||
Charge-offs | (4,570 | ) | (1,662 | ) | (77 | ) | (3,917 | ) | (123 | ) | (6 | ) | (1,987 | ) | (4,540 | ) | (304 | ) | (7,601 | ) | — | (24,787 | ) | |||||||||||||||||||||||||
Recoveries | 722 | 740 | 75 | 1,003 | 90 | 1 | 353 | 462 | 180 | 1,850 | — | 5,476 | ||||||||||||||||||||||||||||||||||||
Reclassification (1) | 5,141 | 27,421 | (815 | ) | 7,551 | (253 | ) | (1,288 | ) | 5,717 | (9,838 | ) | (478 | ) | (10,018 | ) | (15,772 | ) | 7,368 | |||||||||||||||||||||||||||||
Balance at September 30 | $ | 10,583 | $ | 99,033 | $ | 1,035 | $ | 22,638 | $ | 4,593 | $ | 189 | $ | 10,045 | $ | 15,815 | $ | 548 | $ | 13,803 | $ | — | $ | 178,282 | ||||||||||||||||||||||||
(1) Reclassification results from enhancements to the ALLL calculation during the second quarter of 2013 that resulted in the allocation of $15.8 million previously designated as 'non-specific' to other loan classes and the absorption of $7.4 million of the reserve for unfunded commitments related to unfunded, revocable loan commitments into the ALLL. | ||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of Allowance for Loan and Lease Losses | ' | |||||||||||||||||||||||||||||||||||||||||||||||
The following tables show the ending balances of acquired loans and leases and related allowance by class of loans as of September 30, 2014 and December 31, 2013: | ||||||||||||||||||||||||||||||||||||||||||||||||
September 30, 2014 | ||||||||||||||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | Construction | Commercial | Other | Commercial | Residential | Revolving | Construction | Consumer | Total | |||||||||||||||||||||||||||||||||||||||
and land | mortgage | commercial | and | mortgage | mortgage | and land | and other | |||||||||||||||||||||||||||||||||||||||||
development - | real estate | industrial | development - | |||||||||||||||||||||||||||||||||||||||||||||
commercial | noncommercial | |||||||||||||||||||||||||||||||||||||||||||||||
ALLL for loans and leases acquired with deteriorated credit quality | $ | 355 | $ | 12,584 | $ | 78 | $ | 1,396 | $ | 7,092 | $ | 3,979 | $ | 156 | $ | 160 | $ | 25,800 | ||||||||||||||||||||||||||||||
Loans and leases acquired with deteriorated credit quality | 59,808 | 579,435 | 36,043 | 25,797 | 240,681 | 50,048 | 1,144 | 3,324 | 996,280 | |||||||||||||||||||||||||||||||||||||||
December 31, 2013 | ||||||||||||||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | Construction | Commercial | Other | Commercial | Residential | Revolving | Construction | Consumer | Total | |||||||||||||||||||||||||||||||||||||||
and land | mortgage | commercial | and | mortgage | mortgage | and land | and other | |||||||||||||||||||||||||||||||||||||||||
development - | real estate | industrial | development - | |||||||||||||||||||||||||||||||||||||||||||||
commercial | noncommercial | |||||||||||||||||||||||||||||||||||||||||||||||
ALLL for loans and leases acquired with deteriorated credit quality | $ | 1,320 | $ | 29,906 | $ | 1,354 | $ | 5,275 | $ | 11,802 | $ | 2,959 | $ | 682 | $ | 222 | $ | 53,520 | ||||||||||||||||||||||||||||||
Loans and leases acquired with deteriorated credit quality | 78,915 | 642,891 | 41,381 | 17,254 | 213,851 | 30,834 | 2,583 | 1,717 | 1,029,426 | |||||||||||||||||||||||||||||||||||||||
The following tables present the allowance for originated loan losses and the recorded investment in originated loans, by loan class, based on impairment method as of September 30, 2014 and December 31, 2013: | ||||||||||||||||||||||||||||||||||||||||||||||||
September 30, 2014 | ||||||||||||||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | Construction | Commercial | Other | Commercial | Lease | Other | Residential | Revolving | Construction | Consumer | Total | |||||||||||||||||||||||||||||||||||||
and land | mortgage | commercial | and industrial | financing | mortgage | mortgage | and land | |||||||||||||||||||||||||||||||||||||||||
development | real estate | development | ||||||||||||||||||||||||||||||||||||||||||||||
- commercial | - non-commercial | |||||||||||||||||||||||||||||||||||||||||||||||
Allowance for loan and lease losses: | ||||||||||||||||||||||||||||||||||||||||||||||||
ALLL for loans and leases individually evaluated for impairment | $ | 382 | $ | 5,811 | $ | 173 | $ | 3,042 | $ | 151 | $ | 6 | $ | 1,416 | $ | 1,060 | $ | 103 | $ | 594 | $ | 12,738 | ||||||||||||||||||||||||||
ALLL for loans and leases collectively evaluated for impairment | 12,218 | 78,435 | 702 | 27,041 | 4,149 | 733 | 7,697 | 17,061 | 792 | 13,539 | 162,367 | |||||||||||||||||||||||||||||||||||||
Total allowance for loan and lease losses | $ | 12,600 | $ | 84,246 | $ | 875 | $ | 30,083 | $ | 4,300 | $ | 739 | $ | 9,113 | $ | 18,121 | $ | 895 | $ | 14,133 | $ | 175,105 | ||||||||||||||||||||||||||
Loans and leases: | ||||||||||||||||||||||||||||||||||||||||||||||||
Loans and leases individually evaluated for impairment | $ | 2,068 | $ | 88,735 | $ | 1,966 | $ | 11,484 | $ | 281 | $ | 40 | $ | 14,800 | $ | 3,497 | $ | 1,498 | $ | 1,042 | $ | 125,411 | ||||||||||||||||||||||||||
Loans and leases collectively evaluated for impairment | 380,707 | 6,386,631 | 175,715 | 1,348,461 | 443,037 | 213,184 | 1,126,249 | 2,116,670 | 115,711 | 374,735 | 12,681,100 | |||||||||||||||||||||||||||||||||||||
Total loan and leases | $ | 382,775 | $ | 6,475,366 | $ | 177,681 | $ | 1,359,945 | $ | 443,318 | $ | 213,224 | $ | 1,141,049 | $ | 2,120,167 | $ | 117,209 | $ | 375,777 | $ | 12,806,511 | ||||||||||||||||||||||||||
December 31, 2013 | ||||||||||||||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | Construction | Commercial | Other | Commercial | Lease | Other | Residential | Revolving | Construction | Consumer | Total | |||||||||||||||||||||||||||||||||||||
and land | mortgage | commercial | and industrial | financing | mortgage | mortgage | and land | |||||||||||||||||||||||||||||||||||||||||
development | real estate | development | ||||||||||||||||||||||||||||||||||||||||||||||
- commercial | - non-commercial | |||||||||||||||||||||||||||||||||||||||||||||||
Allowance for loan and lease losses: | ||||||||||||||||||||||||||||||||||||||||||||||||
ALLL for loans and leases individually evaluated for impairment | $ | 103 | $ | 6,873 | $ | 209 | $ | 771 | $ | 54 | $ | — | $ | 1,586 | $ | 372 | $ | 72 | $ | 121 | $ | 10,161 | ||||||||||||||||||||||||||
ALLL for loans and leases collectively evaluated for impairment | 10,232 | 93,384 | 800 | 21,591 | 4,695 | 190 | 8,925 | 15,867 | 609 | 13,420 | 169,713 | |||||||||||||||||||||||||||||||||||||
Total allowance for loan and lease losses | $ | 10,335 | $ | 100,257 | $ | 1,009 | $ | 22,362 | $ | 4,749 | $ | 190 | $ | 10,511 | $ | 16,239 | $ | 681 | $ | 13,541 | $ | 179,874 | ||||||||||||||||||||||||||
Loans and leases: | ||||||||||||||||||||||||||||||||||||||||||||||||
Loans and leases individually evaluated for impairment | $ | 2,272 | $ | 97,111 | $ | 1,878 | $ | 9,300 | $ | 188 | $ | — | $ | 15,539 | $ | 3,596 | $ | 1,108 | $ | 1,154 | $ | 132,146 | ||||||||||||||||||||||||||
Loans and leases collectively evaluated for impairment | 317,575 | 6,265,379 | 176,876 | 1,071,858 | 381,575 | 175,336 | 966,882 | 2,109,689 | 121,684 | 385,298 | 11,972,152 | |||||||||||||||||||||||||||||||||||||
Total loan and leases | $ | 319,847 | $ | 6,362,490 | $ | 178,754 | $ | 1,081,158 | $ | 381,763 | $ | 175,336 | $ | 982,421 | $ | 2,113,285 | $ | 122,792 | $ | 386,452 | $ | 12,104,298 | ||||||||||||||||||||||||||
Troubled Debt Restructurings on Financing Receivables | ' | |||||||||||||||||||||||||||||||||||||||||||||||
Three months ended September 30, 2014 | Three months ended September 30, 2013 | |||||||||||||||||||||||||||||||||||||||||||||||
All restructurings | Restructurings with payment default | All restructurings | Restructurings with payment default | |||||||||||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | Number of Loans | Recorded investment at period end | Number of Loans | Recorded investment at period end | Number of Loans | Recorded investment at period end | Number of Loans | Recorded investment at period end | ||||||||||||||||||||||||||||||||||||||||
Originated loans | ||||||||||||||||||||||||||||||||||||||||||||||||
Interest only period provided | ||||||||||||||||||||||||||||||||||||||||||||||||
Commercial and industrial | — | $ | — | — | $ | — | 1 | $ | 203 | — | $ | — | ||||||||||||||||||||||||||||||||||||
Total interest only | — | — | — | — | 1 | 203 | — | — | ||||||||||||||||||||||||||||||||||||||||
Loan term extension | ||||||||||||||||||||||||||||||||||||||||||||||||
Commercial mortgage | 1 | 462 | — | — | 5 | 2,372 | 4 | 1,303 | ||||||||||||||||||||||||||||||||||||||||
Residential mortgage | 3 | 80 | — | — | 2 | 590 | — | — | ||||||||||||||||||||||||||||||||||||||||
Construction and land development - noncommercial | 2 | 141 | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||
Consumer | 2 | 81 | — | — | 1 | 21 | — | — | ||||||||||||||||||||||||||||||||||||||||
Total loan term extension | 8 | 764 | — | — | 8 | 2,983 | 4 | 1,303 | ||||||||||||||||||||||||||||||||||||||||
Below market interest rate | ||||||||||||||||||||||||||||||||||||||||||||||||
Construction and land development - commercial | — | — | — | — | 1 | 45 | — | — | ||||||||||||||||||||||||||||||||||||||||
Commercial mortgage | 6 | 3,062 | 1 | 176 | 4 | 859 | 5 | 5,125 | ||||||||||||||||||||||||||||||||||||||||
Commercial and industrial | 3 | 462 | — | — | — | — | 1 | 173 | ||||||||||||||||||||||||||||||||||||||||
Residential mortgage | 11 | 609 | 1 | 45 | 1 | 319 | — | — | ||||||||||||||||||||||||||||||||||||||||
Revolving mortgage | — | — | — | — | 3 | 43 | 1 | 73 | ||||||||||||||||||||||||||||||||||||||||
Construction and land development - noncommercial | 3 | 173 | — | — | 2 | 42 | — | — | ||||||||||||||||||||||||||||||||||||||||
Consumer | 5 | 162 | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||
Total below market interest rate | 28 | 4,468 | 2 | 221 | 11 | 1,308 | 7 | 5,371 | ||||||||||||||||||||||||||||||||||||||||
Discharged from bankruptcy | ||||||||||||||||||||||||||||||||||||||||||||||||
Commercial mortgage | 1 | — | 1 | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||
Residential mortgage | — | — | — | — | — | — | 2 | 44 | ||||||||||||||||||||||||||||||||||||||||
Revolving mortgage | 2 | 99 | 1 | — | 3 | 125 | 2 | 47 | ||||||||||||||||||||||||||||||||||||||||
Construction and land development-noncommercial | — | — | 1 | 62 | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||
Consumer | 1 | 13 | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||
Total discharged from bankruptcy | 4 | 112 | 3 | 62 | 3 | 125 | 4 | 91 | ||||||||||||||||||||||||||||||||||||||||
Total originated restructurings | 40 | $ | 5,344 | 5 | $ | 283 | 23 | $ | 4,619 | 15 | $ | 6,765 | ||||||||||||||||||||||||||||||||||||
Nine months ended September 30, 2014 | Nine months ended September 30, 2013 | |||||||||||||||||||||||||||||||||||||||||||||||
All restructurings | Restructurings with payment default | All restructurings | Restructurings with payment default | |||||||||||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | Number of Loans | Recorded investment at period end | Number of Loans | Recorded investment at period end | Number of Loans | Recorded investment at period end | Number of Loans | Recorded investment at period end | ||||||||||||||||||||||||||||||||||||||||
Originated loans | ||||||||||||||||||||||||||||||||||||||||||||||||
Interest only period provided | ||||||||||||||||||||||||||||||||||||||||||||||||
Commercial mortgage | 6 | $ | 2,449 | 2 | $ | 592 | 9 | $ | 3,242 | — | $ | — | ||||||||||||||||||||||||||||||||||||
Commercial and industrial | 2 | 375 | — | — | 2 | 403 | — | — | ||||||||||||||||||||||||||||||||||||||||
Other commercial real estate | — | — | — | — | 1 | 98 | — | — | ||||||||||||||||||||||||||||||||||||||||
Residential mortgage | — | — | — | — | 1 | 630 | — | — | ||||||||||||||||||||||||||||||||||||||||
Lease financing | 2 | 131 | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||
Other | 1 | 40 | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||
Total interest only | 11 | 2,995 | 2 | 592 | 13 | 4,373 | — | — | ||||||||||||||||||||||||||||||||||||||||
Loan term extension | ||||||||||||||||||||||||||||||||||||||||||||||||
Construction and land development - commercial | 2 | 189 | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||
Commercial mortgage | 11 | 4,072 | — | — | 12 | 4,935 | 5 | 1,524 | ||||||||||||||||||||||||||||||||||||||||
Commercial and industrial | 4 | 2,040 | — | — | 2 | 623 | — | — | ||||||||||||||||||||||||||||||||||||||||
Lease financing | 2 | 144 | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||
Residential mortgage | 15 | 532 | — | — | 9 | 879 | 1 | 570 | ||||||||||||||||||||||||||||||||||||||||
Construction and land development - noncommercial | 3 | 175 | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||
Consumer | 5 | 122 | — | — | 2 | 64 | — | — | ||||||||||||||||||||||||||||||||||||||||
Total loan term extension | 42 | 7,274 | — | — | 25 | 6,501 | 6 | 2,094 | ||||||||||||||||||||||||||||||||||||||||
Below market interest rate | ||||||||||||||||||||||||||||||||||||||||||||||||
Construction and land development - commercial | 10 | 371 | — | — | 2 | 265 | — | — | ||||||||||||||||||||||||||||||||||||||||
Commercial mortgage | 29 | 11,399 | 3 | 1,276 | 29 | 10,248 | 5 | 5,125 | ||||||||||||||||||||||||||||||||||||||||
Commercial and industrial | 11 | 772 | — | — | 4 | 829 | 1 | 173 | ||||||||||||||||||||||||||||||||||||||||
Other commercial real estate | 1 | 347 | — | — | 3 | 738 | — | — | ||||||||||||||||||||||||||||||||||||||||
Residential mortgage | 29 | 1,402 | 2 | 95 | 14 | 826 | — | — | ||||||||||||||||||||||||||||||||||||||||
Revolving mortgage | 5 | 270 | — | — | 6 | 215 | 1 | 73 | ||||||||||||||||||||||||||||||||||||||||
Construction & land development - noncommercial | 11 | 590 | — | — | 4 | 555 | — | — | ||||||||||||||||||||||||||||||||||||||||
Consumer | 5 | 162 | — | — | 3 | 227 | — | — | ||||||||||||||||||||||||||||||||||||||||
Total below market interest rate | 101 | 15,313 | 5 | 1,371 | 65 | 13,903 | 7 | 5,371 | ||||||||||||||||||||||||||||||||||||||||
Discharged from bankruptcy | ||||||||||||||||||||||||||||||||||||||||||||||||
Commercial mortgage | 2 | 970 | 1 | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||
Residential mortgage | 9 | 691 | 2 | 288 | 4 | 130 | 2 | 44 | ||||||||||||||||||||||||||||||||||||||||
Revolving mortgage | 10 | 420 | 1 | — | 31 | 2,520 | 2 | 47 | ||||||||||||||||||||||||||||||||||||||||
Construction & land development - noncommercial | 1 | 62 | 1 | 62 | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||
Consumer | 4 | 18 | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||
Total discharged from bankruptcy | 26 | 2,161 | 5 | 350 | 35 | 2,650 | 4 | 91 | ||||||||||||||||||||||||||||||||||||||||
Total originated restructurings | 180 | $ | 27,743 | 12 | $ | 2,313 | 138 | $ | 27,427 | 17 | $ | 7,556 | ||||||||||||||||||||||||||||||||||||
The following tables provide the types of TDRs made during the three and nine months ended September 30, 2014 and September 30, 2013 for acquired loans, as well as a summary of acquired loans that were modified as a TDR during the twelve months ended September 30, 2014 and September 30, 2013 that subsequently defaulted during the three and nine months ended September 30, 2014 and September 30, 2013. BancShares defines payment default as movement of the TDR to nonaccrual status, which is generally 90 days past due for TDRs, foreclosure or charge-off, whichever occurs first. | ||||||||||||||||||||||||||||||||||||||||||||||||
Three months ended September 30, 2014 | Three months ended September 30, 2013 | |||||||||||||||||||||||||||||||||||||||||||||||
All restructurings | Restructurings with payment default | All restructurings | Restructurings with payment default | |||||||||||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | Number of loans | Recorded investment at period end | Number of loans | Recorded investment at period end | Number of loans | Recorded investment at period end | Number of loans | Recorded investment at period end | ||||||||||||||||||||||||||||||||||||||||
Acquired loans | ||||||||||||||||||||||||||||||||||||||||||||||||
Interest only period provided | ||||||||||||||||||||||||||||||||||||||||||||||||
Construction and land development - commercial | — | $ | — | — | $ | — | — | $ | — | 1 | $ | 2,628 | ||||||||||||||||||||||||||||||||||||
Total interest only | — | — | — | — | — | — | 1 | 2,628 | ||||||||||||||||||||||||||||||||||||||||
Loan term extension | ||||||||||||||||||||||||||||||||||||||||||||||||
Construction and land development - commercial | 1 | 348 | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||
Commercial mortgage | — | — | — | — | 1 | 157 | — | — | ||||||||||||||||||||||||||||||||||||||||
Commercial and industrial | — | — | — | — | 1 | 121 | — | — | ||||||||||||||||||||||||||||||||||||||||
Residential mortgage | — | — | 3 | 381 | — | — | 1 | 198 | ||||||||||||||||||||||||||||||||||||||||
Total loan term extension | 1 | 348 | 3 | 381 | 2 | 278 | 1 | 198 | ||||||||||||||||||||||||||||||||||||||||
Below market interest rate | ||||||||||||||||||||||||||||||||||||||||||||||||
Construction and land development - commercial | — | — | — | — | — | — | 2 | 1,067 | ||||||||||||||||||||||||||||||||||||||||
Commercial mortgage | 6 | 3,377 | 1 | 67 | 1 | 291 | 2 | 1,290 | ||||||||||||||||||||||||||||||||||||||||
Residential mortgage | 3 | 227 | — | — | — | — | 4 | 842 | ||||||||||||||||||||||||||||||||||||||||
Total below market interest rate | 9 | 3,604 | 1 | 67 | 1 | 291 | 8 | 3,199 | ||||||||||||||||||||||||||||||||||||||||
Discharged from bankruptcy | ||||||||||||||||||||||||||||||||||||||||||||||||
Residential mortgage | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||
Total discharged from bankruptcy | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||
Total acquired restructurings | 10 | $ | 3,952 | 4 | $ | 448 | 3 | $ | 569 | 10 | $ | 6,025 | ||||||||||||||||||||||||||||||||||||
Nine months ended September 30, 2014 | Nine months ended September 30, 2013 | |||||||||||||||||||||||||||||||||||||||||||||||
All restructurings | Restructurings with payment default | All restructurings | Restructurings with payment default | |||||||||||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | Number of loans | Recorded investment at period end | Number of loans | Recorded investment at period end | Number of loans | Recorded investment at period end | Number of loans | Recorded investment at period end | ||||||||||||||||||||||||||||||||||||||||
Acquired loans | ||||||||||||||||||||||||||||||||||||||||||||||||
Interest only period provided | ||||||||||||||||||||||||||||||||||||||||||||||||
Construction and land development - commercial | — | $ | — | — | $ | — | 1 | $ | 2,628 | 1 | $ | 2,628 | ||||||||||||||||||||||||||||||||||||
Commercial mortgage | 2 | 44 | 2 | 44 | 2 | 1,060 | 2 | 1,990 | ||||||||||||||||||||||||||||||||||||||||
Commercial and industrial | — | — | — | — | 1 | 23 | — | — | ||||||||||||||||||||||||||||||||||||||||
Residential mortgage | — | — | — | — | 2 | 181 | — | — | ||||||||||||||||||||||||||||||||||||||||
Total interest only | 2 | 44 | 2 | 44 | 6 | 3,892 | 3 | 4,618 | ||||||||||||||||||||||||||||||||||||||||
Loan term extension | ||||||||||||||||||||||||||||||||||||||||||||||||
Construction and land development - commercial | 2 | 348 | — | — | 5 | 2,517 | — | — | ||||||||||||||||||||||||||||||||||||||||
Commercial mortgage | — | — | — | — | 1 | 157 | — | — | ||||||||||||||||||||||||||||||||||||||||
Commercial and industrial | — | — | — | — | 2 | 1,042 | — | — | ||||||||||||||||||||||||||||||||||||||||
Residential mortgage | 1 | 322 | 4 | 381 | 1 | 198 | 1 | 198 | ||||||||||||||||||||||||||||||||||||||||
Total loan term extension | 3 | 670 | 4 | 381 | 9 | 3,914 | 1 | 198 | ||||||||||||||||||||||||||||||||||||||||
Below market interest rate | ||||||||||||||||||||||||||||||||||||||||||||||||
Construction and land development - commercial | 2 | 308 | — | — | 5 | 3,489 | 2 | 1,067 | ||||||||||||||||||||||||||||||||||||||||
Commercial mortgage | 15 | 5,539 | 2 | 94 | 9 | 11,428 | 2 | 1,290 | ||||||||||||||||||||||||||||||||||||||||
Commercial and industrial | — | — | — | — | 3 | 510 | — | — | ||||||||||||||||||||||||||||||||||||||||
Residential mortgage | 29 | 3,994 | 2 | — | 10 | 2,871 | 6 | 1,545 | ||||||||||||||||||||||||||||||||||||||||
Total below market interest rate | 46 | 9,841 | 4 | 94 | 27 | 18,298 | 10 | 3,902 | ||||||||||||||||||||||||||||||||||||||||
Discharged from bankruptcy | ||||||||||||||||||||||||||||||||||||||||||||||||
Residential mortgage | 26 | 1,673 | 2 | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||
Total discharged from bankruptcy | 26 | 1,673 | 2 | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||
Total acquired restructurings | 77 | $ | 12,228 | 12 | $ | 519 | 42 | $ | 26,104 | 14 | $ | 8,718 | ||||||||||||||||||||||||||||||||||||
The following table provides a summary of total TDRs by accrual status. | ||||||||||||||||||||||||||||||||||||||||||||||||
September 30, 2014 | December 31, 2013 | |||||||||||||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | Accruing | Nonaccruing | Total | Accruing | Nonaccruing | Total | ||||||||||||||||||||||||||||||||||||||||||
Commercial loans | ||||||||||||||||||||||||||||||||||||||||||||||||
Construction and land development - commercial | $ | 3,518 | $ | 213 | $ | 3,731 | $ | 21,032 | $ | 1,002 | $ | 22,034 | ||||||||||||||||||||||||||||||||||||
Commercial mortgage | 100,114 | 17,866 | 117,980 | 113,323 | 23,387 | 136,710 | ||||||||||||||||||||||||||||||||||||||||||
Other commercial real estate | 3,085 | 1,229 | 4,314 | 3,470 | 1,150 | 4,620 | ||||||||||||||||||||||||||||||||||||||||||
Commercial and industrial | 10,079 | 696 | 10,775 | 9,838 | 1,142 | 10,980 | ||||||||||||||||||||||||||||||||||||||||||
Lease | 281 | — | 281 | 49 | — | 49 | ||||||||||||||||||||||||||||||||||||||||||
Other | 40 | — | 40 | — | — | — | ||||||||||||||||||||||||||||||||||||||||||
Total commercial TDRs | 117,117 | 20,004 | 137,121 | 147,712 | 26,681 | 174,393 | ||||||||||||||||||||||||||||||||||||||||||
Noncommercial | ||||||||||||||||||||||||||||||||||||||||||||||||
Residential | 24,444 | 2,886 | 27,330 | 23,343 | 3,663 | 27,006 | ||||||||||||||||||||||||||||||||||||||||||
Revolving mortgage | 3,497 | — | 3,497 | 3,095 | — | 3,095 | ||||||||||||||||||||||||||||||||||||||||||
Construction and land development - noncommercial | 1,498 | — | 1,498 | 651 | 457 | 1,108 | ||||||||||||||||||||||||||||||||||||||||||
Consumer and other | 1,042 | — | 1,042 | 1,154 | — | 1,154 | ||||||||||||||||||||||||||||||||||||||||||
Total noncommercial TDRs | 30,481 | 2,886 | 33,367 | 28,243 | 4,120 | 32,363 | ||||||||||||||||||||||||||||||||||||||||||
Total TDRs | $ | 147,598 | $ | 22,890 | $ | 170,488 | $ | 175,955 | $ | 30,801 | $ | 206,756 | ||||||||||||||||||||||||||||||||||||
The following table shows the accrual status of acquired and originated TDRs. | ||||||||||||||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | September 30, 2014 | December 31, 2013 | ||||||||||||||||||||||||||||||||||||||||||||||
Accruing TDRs: | ||||||||||||||||||||||||||||||||||||||||||||||||
Acquired | $ | 54,670 | $ | 90,829 | ||||||||||||||||||||||||||||||||||||||||||||
Originated | 92,928 | 85,126 | ||||||||||||||||||||||||||||||||||||||||||||||
Total accruing TDRs | 147,598 | 175,955 | ||||||||||||||||||||||||||||||||||||||||||||||
Nonaccruing TDRs: | ||||||||||||||||||||||||||||||||||||||||||||||||
Acquired | 5,073 | 11,479 | ||||||||||||||||||||||||||||||||||||||||||||||
Originated | 17,817 | 19,322 | ||||||||||||||||||||||||||||||||||||||||||||||
Total nonaccruing TDRs | 22,890 | 30,801 | ||||||||||||||||||||||||||||||||||||||||||||||
All TDRs: | ||||||||||||||||||||||||||||||||||||||||||||||||
Acquired | 59,743 | 102,308 | ||||||||||||||||||||||||||||||||||||||||||||||
Originated | 110,745 | 104,448 | ||||||||||||||||||||||||||||||||||||||||||||||
Total TDRs | $ | 170,488 | $ | 206,756 | ||||||||||||||||||||||||||||||||||||||||||||
Other_Real_Estate_Owned_Tables
Other Real Estate Owned (Tables) | 9 Months Ended | |||||||||||
Sep. 30, 2014 | ||||||||||||
Banking and Thrift [Abstract] | ' | |||||||||||
Changes in other real estate owned | ' | |||||||||||
The following table explains changes in other real estate owned during the nine months ended September 30, 2014 and September 30, 2013. | ||||||||||||
(Dollars in thousands) | Covered | Noncovered | Total | |||||||||
Balance at December 31, 2012 | $ | 102,577 | $ | 43,513 | $ | 146,090 | ||||||
Additions | 50,365 | 28,756 | 79,121 | |||||||||
Sales | (78,597 | ) | (29,266 | ) | (107,863 | ) | ||||||
Writedowns | (15,576 | ) | (2,665 | ) | (18,241 | ) | ||||||
Balance at September 30, 2013 | $ | 58,769 | $ | 40,338 | $ | 99,107 | ||||||
Balance at December 31, 2013 | $ | 47,081 | $ | 36,898 | $ | 83,979 | ||||||
Additions 1 | 25,235 | 28,492 | 53,727 | |||||||||
Sales | (27,756 | ) | (23,526 | ) | (51,282 | ) | ||||||
Writedowns | (9,751 | ) | (4,215 | ) | (13,966 | ) | ||||||
Transfers 2 | $ | (5,537 | ) | $ | 5,537 | $ | — | |||||
Balance at September 30, 2014 | $ | 29,272 | $ | 43,186 | $ | 72,458 | ||||||
1 Noncovered additions include $11.6 million from the 1st Financial merger. | ||||||||||||
2 Transfers include OREO balances associated with expired loss share agreements. |
Receivable_from_FDIC_for_Loss_1
Receivable from FDIC for Loss Share Agreements (Tables) | 9 Months Ended | |||||||||||||||
Sep. 30, 2014 | ||||||||||||||||
Receivable From FDIC For Loss Share Agreements [Abstract] | ' | |||||||||||||||
Changes in Receivable From FDIC | ' | |||||||||||||||
The following table provides changes in the receivable from the FDIC for the three-month and nine-month periods ended September 30, 2014 and September 30, 2013. | ||||||||||||||||
Three months ended September 30 | Nine months ended September 30 | |||||||||||||||
(Dollars in thousands) | 2014 | 2013 | 2014 | 2013 | ||||||||||||
Beginning balance | $ | 49,959 | $ | 158,013 | $ | 93,397 | $ | 270,192 | ||||||||
Amortization | (6,362 | ) | (20,553 | ) | (37,028 | ) | (65,734 | ) | ||||||||
Cash payments to (from) FDIC | 1,130 | 1,431 | 5,479 | (45,103 | ) | |||||||||||
Post-acquisition adjustments | 413 | (38,338 | ) | (16,708 | ) | (58,802 | ) | |||||||||
Ending balance | $ | 45,140 | $ | 100,553 | $ | 45,140 | $ | 100,553 | ||||||||
Estimated_Fair_Values_Tables
Estimated Fair Values (Tables) | 9 Months Ended | |||||||||||||||
Sep. 30, 2014 | ||||||||||||||||
Fair Value Disclosures [Abstract] | ' | |||||||||||||||
Estimated Fair Values For Certain Financial Assets And Financial Liabilities | ' | |||||||||||||||
For all other financial assets and financial liabilities, the carrying value is a reasonable estimate of the fair value as of September 30, 2014 and December 31, 2013. The carrying value and fair value for these assets and liabilities are equivalent because they are relatively short term in nature and there is no interest rate or credit risk that would cause the fair value to differ from the carrying value. | ||||||||||||||||
(Dollars in thousands) | September 30, 2014 | December 31, 2013 | ||||||||||||||
Carrying value | Fair value | Carrying value | Fair value | |||||||||||||
Cash and due from banks | $ | 400,993 | $ | 400,993 | $ | 533,599 | $ | 533,599 | ||||||||
Overnight investments | 707,352 | 707,352 | 859,324 | 859,324 | ||||||||||||
Investment securities available for sale | 5,648,094 | 5,648,094 | 5,387,703 | 5,387,703 | ||||||||||||
Investment securities held to maturity | 607 | 638 | 907 | 974 | ||||||||||||
Loans held for sale | 43,612 | 44,172 | 47,271 | 47,956 | ||||||||||||
Net loans and leases | 13,601,886 | 13,091,758 | 12,900,330 | 12,545,537 | ||||||||||||
Receivable from the FDIC for loss share agreements (1) | 45,140 | 22,788 | 93,397 | 38,438 | ||||||||||||
Income earned not collected | 48,511 | 48,511 | 48,390 | 48,390 | ||||||||||||
Federal Home Loan Bank stock | 32,309 | 32,309 | 40,819 | 40,819 | ||||||||||||
Preferred stock and other acquired financial assets | 13,390 | 14,388 | 33,564 | 34,786 | ||||||||||||
Deposits | 18,406,941 | 17,943,397 | 17,874,066 | 17,898,570 | ||||||||||||
Short-term borrowings | 798,169 | 798,169 | 511,418 | 511,418 | ||||||||||||
Long-term obligations | 313,768 | 326,743 | 510,769 | 526,037 | ||||||||||||
Payable to the FDIC for loss share agreements | 116,924 | 124,330 | 109,378 | 111,941 | ||||||||||||
Accrued interest payable | 5,303 | 5,303 | 6,737 | 6,737 | ||||||||||||
Interest rate swap | 4,984 | 4,984 | 7,220 | 7,220 | ||||||||||||
(1) The fair value of the FDIC receivable excludes amortization expected to be recognized in prospective periods. | ||||||||||||||||
Assets And Liabilities Carried At Fair Value On A Recurring Basis | ' | |||||||||||||||
For assets and liabilities carried at fair value on a recurring basis, the following table provides fair value information as of September 30, 2014 and December 31, 2013. | ||||||||||||||||
September 30, 2014 | ||||||||||||||||
Fair value measurements using: | ||||||||||||||||
(Dollars in thousands) | Fair value | Level 1 inputs | Level 2 inputs | Level 3 inputs | ||||||||||||
Assets measured at fair value | ||||||||||||||||
Investment securities available for sale | ||||||||||||||||
U.S. Treasury | $ | 1,887,810 | $ | — | $ | 1,887,810 | $ | — | ||||||||
Government agency | 1,129,653 | — | 1,129,653 | — | ||||||||||||
Mortgage-backed securities | 2,577,465 | — | 2,577,465 | — | ||||||||||||
Equity securities | 30,028 | — | 30,028 | — | ||||||||||||
Municipal securities | 126 | — | 126 | — | ||||||||||||
Other | 23,012 | — | 23,012 | — | ||||||||||||
Total | $ | 5,648,094 | $ | — | $ | 5,648,094 | $ | — | ||||||||
Liabilities measured at fair value | ||||||||||||||||
Interest rate swaps accounted for as cash flow hedges | $ | 4,984 | $ | — | $ | 4,984 | $ | — | ||||||||
December 31, 2013 | ||||||||||||||||
Fair value measurements using: | ||||||||||||||||
Fair value | Level 1 inputs | Level 2 inputs | Level 3 inputs | |||||||||||||
Assets measured at fair value | ||||||||||||||||
Investment securities available for sale | ||||||||||||||||
U.S. Treasury | $ | 373,437 | $ | — | $ | 373,437 | $ | — | ||||||||
Government agency | 2,544,229 | — | 2,544,229 | — | ||||||||||||
Mortgage-backed securities | 2,446,873 | — | 2,446,873 | — | ||||||||||||
Equity securities | 22,147 | — | 22,147 | — | ||||||||||||
Municipal securities | 187 | — | 187 | — | ||||||||||||
Other | 830 | — | 830 | — | ||||||||||||
Total | $ | 5,387,703 | $ | — | $ | 5,387,703 | $ | — | ||||||||
Liabilities measured at fair value | ||||||||||||||||
Interest rate swaps accounted for as cash flow hedges | $ | 7,220 | $ | — | $ | 7,220 | $ | — | ||||||||
Assets And Liabilities Carried At Fair Value On A Nonrecurring Basis | ' | |||||||||||||||
For financial assets and liabilities carried at fair value on a nonrecurring basis, the following table provides fair value information as of September 30, 2014 and December 31, 2013. | ||||||||||||||||
September 30, 2014 | ||||||||||||||||
Fair value measurements using: | ||||||||||||||||
(Dollars in thousands) | Fair value | Level 1 inputs | Level 2 inputs | Level 3 inputs | ||||||||||||
Loans held for sale | $ | 26,975 | $ | — | $ | 26,975 | $ | — | ||||||||
Originated impaired loans | 74,216 | — | — | 74,216 | ||||||||||||
Other real estate not covered under loss share agreements remeasured during current year | 31,332 | — | — | 31,332 | ||||||||||||
Other real estate covered under loss share agreements remeasured during current year | 24,003 | — | — | 24,003 | ||||||||||||
December 31, 2013 | ||||||||||||||||
Fair value measurements using: | ||||||||||||||||
Fair value | Level 1 inputs | Level 2 inputs | Level 3 inputs | |||||||||||||
Loans held for sale | 29,389 | — | 29,389 | — | ||||||||||||
Originated impaired loans | 77,817 | — | — | 77,817 | ||||||||||||
Other real estate not covered under loss share agreements remeasured during current year | 20,526 | — | — | 20,526 | ||||||||||||
Other real estate covered under loss share agreements remeasured during current year | 37,587 | — | — | 37,587 | ||||||||||||
Employee_Benefit_Plans_Tables
Employee Benefit Plans (Tables) (Defined Benefit Pension) | 9 Months Ended | |||||||||||||||
Sep. 30, 2014 | ||||||||||||||||
Defined Benefit Pension | ' | |||||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ' | |||||||||||||||
Schedule of Net Benefit Costs | ' | |||||||||||||||
For the three and nine months ended September 30, 2014 and 2013, the components of pension expense are as follows: | ||||||||||||||||
Three months ended September 30 | Nine months ended September 30 | |||||||||||||||
(Dollars in thousands) | 2014 | 2013 | 2014 | 2013 | ||||||||||||
Service cost | $ | 3,081 | $ | 3,765 | $ | 9,247 | $ | 12,248 | ||||||||
Interest cost | 6,402 | 5,460 | 19,209 | 17,764 | ||||||||||||
Expected return on assets | (7,296 | ) | (6,393 | ) | (23,448 | ) | (20,798 | ) | ||||||||
Amortization of prior service cost | 53 | 53 | 158 | 158 | ||||||||||||
Amortization of net actuarial loss | 769 | 4,245 | 3,861 | 12,738 | ||||||||||||
Total pension expense | $ | 3,009 | $ | 7,130 | $ | 9,027 | $ | 22,110 | ||||||||
Derivatives_Tables
Derivatives (Tables) (Interest Rate Swap) | 9 Months Ended | |||||||||||||||
Sep. 30, 2014 | ||||||||||||||||
Interest Rate Swap | ' | |||||||||||||||
Derivative [Line Items] | ' | |||||||||||||||
Schedule Of Interest Rate Swaps | ' | |||||||||||||||
September 30, 2014 | December 31, 2013 | |||||||||||||||
(Dollars in thousands) | Notional amount | Estimated fair value of liability | Notional amount | Estimated fair value of liability | ||||||||||||
2011 interest rate swap hedging variable rate exposure on trust preferred securities 2011-2016 | $ | 93,500 | $ | 4,984 | $ | 93,500 | $ | 7,220 | ||||||||
Accumulated_Other_Comprehensiv1
Accumulated Other Comprehensive Loss (Tables) | 9 Months Ended | |||||||||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | ' | |||||||||||||||||||||||
Schedule Of Accumulated Other Comprehensive Income (Loss) | ' | |||||||||||||||||||||||
Accumulated other comprehensive (loss) income included the following as of September 30, 2014 and December 31, 2013: | ||||||||||||||||||||||||
September 30, 2014 | December 31, 2013 | |||||||||||||||||||||||
(Dollars in thousands) | Accumulated | Deferred | Accumulated | Accumulated | Deferred | Accumulated | ||||||||||||||||||
other | tax expense | other | other | tax | other | |||||||||||||||||||
comprehensive | (benefit) | comprehensive | comprehensive | benefit | comprehensive | |||||||||||||||||||
income (loss) | income (loss), | loss | loss, | |||||||||||||||||||||
net of tax | net of tax | |||||||||||||||||||||||
Unrealized gains (losses) on investment securities available for sale, net | $ | 15,374 | $ | 5,884 | $ | 9,490 | $ | (16,632 | ) | $ | (6,541 | ) | $ | (10,091 | ) | |||||||||
Unrealized loss on cash flow hedge | (4,984 | ) | (1,923 | ) | (3,061 | ) | (7,220 | ) | (2,786 | ) | (4,434 | ) | ||||||||||||
Funded status of defined benefit plan | (13,563 | ) | (5,276 | ) | (8,287 | ) | (17,582 | ) | (6,839 | ) | (10,743 | ) | ||||||||||||
Total | $ | (3,173 | ) | $ | (1,315 | ) | $ | (1,858 | ) | $ | (41,434 | ) | $ | (16,166 | ) | $ | (25,268 | ) | ||||||
The following table highlights changes in accumulated other comprehensive (loss) income by component for the three and nine months ended September 30, 2014 and September 30, 2013: | ||||||||||||||||||||||||
Three months ended September 30, 2014 | ||||||||||||||||||||||||
(Dollars in thousands) | Unrealized gains (losses) on available for sale securities1 | Gains (losses) on cash flow hedges1 | Defined benefit pension items1 | Total | ||||||||||||||||||||
Beginning balance | $ | 16,490 | $ | (3,643 | ) | $ | (8,790 | ) | $ | 4,057 | ||||||||||||||
Other comprehensive (loss) income before reclassifications | (7,000 | ) | 582 | — | (6,418 | ) | ||||||||||||||||||
Amounts reclassified from accumulated other comprehensive income (loss) | — | — | 503 | 503 | ||||||||||||||||||||
Net current period other comprehensive (loss) income | (7,000 | ) | 582 | 503 | (5,915 | ) | ||||||||||||||||||
Ending balance | $ | 9,490 | $ | (3,061 | ) | $ | (8,287 | ) | $ | (1,858 | ) | |||||||||||||
Three months ended September 30, 2013 | ||||||||||||||||||||||||
Unrealized gains (losses) on available for sale securities1 | Gains (losses) on cash flow hedges1 | Defined benefit pension items1 | Total | |||||||||||||||||||||
Beginning balance | $ | (4,117 | ) | $ | (4,959 | ) | $ | (91,100 | ) | $ | (100,176 | ) | ||||||||||||
Other comprehensive income before reclassifications | 2,293 | 101 | — | 2,394 | ||||||||||||||||||||
Amounts reclassified from accumulated other comprehensive loss | — | — | 2,237 | 2,237 | ||||||||||||||||||||
Net current period other comprehensive income | 2,293 | 101 | 2,237 | 4,631 | ||||||||||||||||||||
Ending balance | $ | (1,824 | ) | $ | (4,858 | ) | $ | (88,863 | ) | $ | (95,545 | ) | ||||||||||||
Nine months ended September 30, 2014 | ||||||||||||||||||||||||
Unrealized gains (losses) on available for sale securities1 | Gains (losses) on cash flow hedges1 | Defined benefit pension items1 | Total | |||||||||||||||||||||
Beginning balance | $ | (10,091 | ) | $ | (4,434 | ) | $ | (10,743 | ) | $ | (25,268 | ) | ||||||||||||
Other comprehensive income before reclassifications | 19,581 | 1,373 | — | 20,954 | ||||||||||||||||||||
Amounts reclassified from accumulated other comprehensive loss | — | — | 2,456 | 2,456 | ||||||||||||||||||||
Net current period other comprehensive income | 19,581 | 1,373 | 2,456 | 23,410 | ||||||||||||||||||||
Ending balance | $ | 9,490 | $ | (3,061 | ) | $ | (8,287 | ) | $ | (1,858 | ) | |||||||||||||
Nine months ended September 30, 2013 | ||||||||||||||||||||||||
Unrealized gains (losses) on available for sale securities1 | Gains (losses) on cash flow hedges1 | Defined benefit pension items1 | Total | |||||||||||||||||||||
Beginning balance | $ | 20,517 | $ | (6,292 | ) | $ | (96,331 | ) | $ | (82,106 | ) | |||||||||||||
Other comprehensive (loss) income before reclassifications | (22,341 | ) | 1,434 | — | (20,907 | ) | ||||||||||||||||||
Amounts reclassified from accumulated other comprehensive income (loss) | — | — | 7,468 | 7,468 | ||||||||||||||||||||
Net current period other comprehensive (loss) income | (22,341 | ) | 1,434 | 7,468 | (13,439 | ) | ||||||||||||||||||
Ending balance | $ | (1,824 | ) | $ | (4,858 | ) | $ | (88,863 | ) | $ | (95,545 | ) | ||||||||||||
1 All amounts are net of tax. | ||||||||||||||||||||||||
Reclassification out of Accumulated Other Comprehensive Income | ' | |||||||||||||||||||||||
Three months ended September 30, 2014 | ||||||||||||||||||||||||
Details about accumulated other comprehensive (loss) income | Amount reclassified from accumulated other comprehensive (loss) income1 | Affected line item in the statement where net income is presented | ||||||||||||||||||||||
Amortization of defined benefit pension items | ||||||||||||||||||||||||
Prior service costs | $ | (53 | ) | Employee benefits | ||||||||||||||||||||
Actuarial losses | (769 | ) | Employee benefits | |||||||||||||||||||||
(822 | ) | Income before income taxes | ||||||||||||||||||||||
319 | Provision for income taxes | |||||||||||||||||||||||
$ | (503 | ) | Net income | |||||||||||||||||||||
Total reclassifications for the period | $ | (503 | ) | |||||||||||||||||||||
Three months ended September 30, 2013 | ||||||||||||||||||||||||
Details about accumulated other comprehensive (loss) income | Amount reclassified from accumulated other comprehensive (loss) income1 | Affected line item in the statement where net income is presented | ||||||||||||||||||||||
Amortization of defined benefit pension items | ||||||||||||||||||||||||
Prior service costs | $ | (53 | ) | Employee benefits | ||||||||||||||||||||
Actuarial losses | (4,245 | ) | Employee benefits | |||||||||||||||||||||
(4,298 | ) | Income before income taxes | ||||||||||||||||||||||
2,061 | Provision for income taxes | |||||||||||||||||||||||
$ | (2,237 | ) | Net income | |||||||||||||||||||||
Total reclassifications for the period | $ | (2,237 | ) | |||||||||||||||||||||
Nine months ended September 30, 2014 | ||||||||||||||||||||||||
Details about accumulated other comprehensive (loss) income | Amount reclassified from accumulated other comprehensive (loss) income1 | Affected line item in the statement where net income is presented | ||||||||||||||||||||||
Amortization of defined benefit pension items | ||||||||||||||||||||||||
Prior service costs | $ | (158 | ) | Employee benefits | ||||||||||||||||||||
Actuarial losses | (3,861 | ) | Employee benefits | |||||||||||||||||||||
(4,019 | ) | Income before income taxes | ||||||||||||||||||||||
1,563 | Provision for income taxes | |||||||||||||||||||||||
$ | (2,456 | ) | Net income | |||||||||||||||||||||
Total reclassifications for the period | $ | (2,456 | ) | |||||||||||||||||||||
Nine months ended September 30, 2013 | ||||||||||||||||||||||||
Details about accumulated other comprehensive (loss) income | Amount reclassified from accumulated other comprehensive (loss) income1 | Affected line item in the statement where net income is presented | ||||||||||||||||||||||
Amortization of defined benefit pension items | ||||||||||||||||||||||||
Prior service costs | $ | (158 | ) | Employee benefits | ||||||||||||||||||||
Actuarial losses | (12,738 | ) | Employee benefits | |||||||||||||||||||||
(12,896 | ) | Income before income taxes | ||||||||||||||||||||||
5,428 | Provision for income taxes | |||||||||||||||||||||||
$ | (7,468 | ) | Net income | |||||||||||||||||||||
Total reclassifications for the period | $ | (7,468 | ) | |||||||||||||||||||||
1 Amounts in parentheses indicate debits to profit/loss. |
Business_Combinations_Details
Business Combinations (Details) (USD $) | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 0 Months Ended | 3 Months Ended | 9 Months Ended | 9 Months Ended | |||||||
Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2014 | Jan. 02, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Jan. 02, 2014 | Jan. 02, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | |
Bancorporation | Bancorporation | 1st Financial | 1st Financial | 1st Financial | 1st Financial | 1st Financial | Shares and Cash | Shares and Cash | Shares Only | Shares Only | |||||
As recorded by 1st Financial | Fair value adjustments | Class A Common Stock | Class A Common Stock | Class B Common Stock | |||||||||||
Business Acquisition [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Consideration transferred | ' | ' | ' | ' | ' | ' | $10,000,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Cash and cash equivalents | ' | ' | ' | ' | ' | ' | 28,194,000 | ' | ' | 28,194,000 | 0 | ' | ' | ' | ' |
Investment securities available for sale | ' | ' | ' | ' | ' | ' | 237,438,000 | ' | ' | 246,890,000 | -9,452,000 | ' | ' | ' | ' |
Loans held for sale | ' | ' | ' | ' | ' | ' | 1,183,000 | ' | ' | 1,183,000 | 0 | ' | ' | ' | ' |
Restricted equity securities | ' | ' | ' | ' | ' | ' | 3,776,000 | ' | ' | 3,105,000 | 671,000 | ' | ' | ' | ' |
Loans | ' | ' | ' | ' | ' | ' | 316,327,000 | ' | ' | 338,170,000 | -21,843,000 | ' | ' | ' | ' |
Less: allowance for loan losses | ' | ' | ' | ' | ' | ' | 0 | ' | ' | -7,796,000 | 7,796,000 | ' | ' | ' | ' |
Premises and equipment | ' | ' | ' | ' | ' | ' | 2,686,000 | ' | ' | 3,871,000 | -1,185,000 | ' | ' | ' | ' |
Other real estate owned | ' | ' | ' | ' | ' | ' | 11,591,000 | ' | ' | 12,896,000 | -1,305,000 | ' | ' | ' | ' |
Intangible asset | ' | ' | ' | ' | ' | ' | 3,780,000 | ' | ' | 0 | 3,780,000 | ' | ' | ' | ' |
Other assets | ' | ' | ' | ' | ' | ' | 16,346,000 | ' | ' | 16,811,000 | -465,000 | ' | ' | ' | ' |
Total assets acquired | ' | ' | ' | ' | ' | ' | 621,321,000 | ' | ' | 643,324,000 | -22,003,000 | ' | ' | ' | ' |
Noninterest-bearing | ' | ' | ' | ' | ' | ' | 152,444,000 | ' | ' | 152,444,000 | 0 | ' | ' | ' | ' |
Interest-bearing | ' | ' | ' | ' | ' | ' | 479,427,000 | ' | ' | 477,881,000 | 1,546,000 | ' | ' | ' | ' |
Total deposits | ' | ' | ' | ' | ' | ' | 631,871,000 | ' | ' | 630,325,000 | 1,546,000 | ' | ' | ' | ' |
Short-term borrowings | ' | ' | ' | ' | ' | ' | 406,000 | ' | ' | 406,000 | 0 | ' | ' | ' | ' |
Other liabilities | ' | ' | ' | ' | ' | ' | 3,559,000 | ' | ' | 3,392,000 | 167,000 | ' | ' | ' | ' |
Total liabilities assumed | ' | ' | ' | ' | ' | ' | 635,836,000 | ' | ' | 634,123,000 | 1,713,000 | ' | ' | ' | ' |
Net assets acquired | ' | ' | ' | ' | ' | ' | 14,515,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Cash paid to shareholders | ' | ' | ' | ' | ' | ' | -2,000,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Cash paid to acquire TARP securities | ' | ' | ' | ' | ' | ' | -8,000,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Goodwill recorded for 1st Financial | ' | ' | ' | ' | ' | ' | 24,515,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Merger-related expenses | 1,505,000 | 0 | 7,352,000 | 0 | 1,200,000 | 2,400,000 | ' | 300,000 | 5,000,000 | ' | ' | ' | ' | ' | ' |
Revenue generated | ' | ' | ' | ' | ' | ' | ' | 4,100,000 | 12,700,000 | ' | ' | ' | ' | ' | ' |
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4 | 3.58 | 0.42 |
Business Acquisition Equity Interests Issued or Issuable Cash Per Share | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $50 | ' | ' | ' |
Business_Combinations_Loans_Ac
Business Combinations (Loans Acquired) (Details) (1st Financial, USD $) | Jan. 02, 2014 |
In Thousands, unless otherwise specified | |
Business Acquisition [Line Items] | ' |
Contractually required payments | $414,233 |
Cash flows expected to be collected | 400,622 |
Loans | 316,327 |
Commercial | ' |
Business Acquisition [Line Items] | ' |
Loans | 201,265 |
Commercial | Construction and land development | ' |
Business Acquisition [Line Items] | ' |
Loans | 41,516 |
Commercial | Mortgage | ' |
Business Acquisition [Line Items] | ' |
Loans | 123,925 |
Commercial | Other commercial real estate | ' |
Business Acquisition [Line Items] | ' |
Loans | 6,698 |
Commercial | Commercial and industrial | ' |
Business Acquisition [Line Items] | ' |
Loans | 29,126 |
Noncommerical | ' |
Business Acquisition [Line Items] | ' |
Loans | 115,062 |
Noncommerical | Mortgage | ' |
Business Acquisition [Line Items] | ' |
Loans | 113,177 |
Noncommerical | Consumer | ' |
Business Acquisition [Line Items] | ' |
Loans | $1,885 |
Investments_Aggregate_Values_a
Investments (Aggregate Values and Unrealized Gains and Losses) (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Investment securities available for sale | ' | ' |
Cost | $5,632,720 | $5,404,335 |
Gross Unrealized Gains | 38,685 | 28,188 |
Gross Unrealized Losses | 23,311 | 44,820 |
Fair Value | 5,648,094 | 5,387,703 |
Investment securities held to maturity | ' | ' |
Cost | 607 | 907 |
U. S. Treasury | ' | ' |
Investment securities available for sale | ' | ' |
Cost | 1,888,647 | 373,223 |
Gross Unrealized Gains | 583 | 259 |
Gross Unrealized Losses | 1,420 | 45 |
Fair Value | 1,887,810 | 373,437 |
Government Agency | ' | ' |
Investment securities available for sale | ' | ' |
Cost | 1,128,752 | 2,543,223 |
Gross Unrealized Gains | 1,294 | 1,798 |
Gross Unrealized Losses | 393 | 792 |
Fair Value | 1,129,653 | 2,544,229 |
Mortgage Backed Securities, Other [Member] | ' | ' |
Investment securities available for sale | ' | ' |
Cost | 2,591,641 | 2,486,297 |
Gross Unrealized Gains | 7,322 | 4,526 |
Gross Unrealized Losses | 21,498 | 43,950 |
Fair Value | 2,577,465 | 2,446,873 |
Investment securities held to maturity | ' | ' |
Cost | 607 | 907 |
Held To Maturity Securities Accumulated Unrecognized Holding Gain | 31 | 67 |
Held To Maturity Securities Accumulated Unrecognized Holding Loss | 0 | 0 |
Fair Value | 638 | 974 |
Equity Securities | ' | ' |
Investment securities available for sale | ' | ' |
Cost | 543 | 543 |
Gross Unrealized Gains | 29,485 | 21,604 |
Gross Unrealized Losses | 0 | 0 |
Fair Value | 30,028 | 22,147 |
Equity Securities | Bancorporation | ' | ' |
Investment securities available for sale | ' | ' |
Fair Value | 29,600 | ' |
State, County and Municipal | ' | ' |
Investment securities available for sale | ' | ' |
Cost | 125 | 186 |
Gross Unrealized Gains | 1 | 1 |
Gross Unrealized Losses | 0 | 0 |
Fair Value | 126 | 187 |
Other Debt Obligations | ' | ' |
Investment securities available for sale | ' | ' |
Cost | 23,012 | 863 |
Gross Unrealized Gains | 0 | 0 |
Gross Unrealized Losses | 0 | 33 |
Fair Value | $23,012 | $830 |
Investments_Maturity_Informati
Investments (Maturity Information) (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Investment securities available for sale | ' | ' |
Total investment securities available for sale, cost | $5,632,720 | $5,404,335 |
Total investment securities available for sale, fair value | 5,648,094 | 5,387,703 |
Investment securities held to maturity | ' | ' |
Investment securities held to maturity | 607 | 907 |
Debt Securities | ' | ' |
Investment securities available for sale | ' | ' |
Maturing in one year or less, cost | 529,931 | 839,956 |
Maturing in one through five years, cost | 2,487,593 | 2,077,539 |
Maturing in over ten years, cost | 23,012 | 0 |
Maturing in one year or less, fair value | 530,363 | 840,883 |
Maturing in one through five years, fair value | 2,487,226 | 2,077,800 |
Maturing in over ten years, fair value | 23,012 | 0 |
Equity Securities | ' | ' |
Investment securities available for sale | ' | ' |
Total investment securities available for sale, cost | 543 | 543 |
Total investment securities available for sale, fair value | 30,028 | 22,147 |
Mortgage Backed Securities, Other [Member] | ' | ' |
Investment securities available for sale | ' | ' |
Total investment securities available for sale, cost | 2,591,641 | 2,486,297 |
Total investment securities available for sale, fair value | 2,577,465 | 2,446,873 |
Investment securities held to maturity | ' | ' |
Investment securities held to maturity | 607 | 907 |
Fair Value | $638 | $974 |
Investments_Unrealized_Losses_
Investments (Unrealized Losses) (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Investment securities available for sale: | ' | ' |
Fair Value, Less than 12 months | $1,778,244 | $3,104,700 |
Unrealized Losses, Less than 12 months | 4,023 | 43,715 |
Fair Value, 12 months or more | 1,090,467 | 56,830 |
Unrealized Losses, Greater than 12 months | 19,288 | 1,105 |
Fair Value, Total | 2,868,711 | 3,161,530 |
Unrealized Losses, Total | 23,311 | 44,820 |
U. S. Treasury | ' | ' |
Investment securities available for sale: | ' | ' |
Fair Value, Less than 12 months | 999,783 | 102,105 |
Unrealized Losses, Less than 12 months | 1,420 | 45 |
Fair Value, 12 months or more | 0 | 0 |
Unrealized Losses, Greater than 12 months | 0 | 0 |
Fair Value, Total | 999,783 | 102,105 |
Unrealized Losses, Total | 1,420 | 45 |
Government Agency | ' | ' |
Investment securities available for sale: | ' | ' |
Fair Value, Less than 12 months | 291,783 | 780,552 |
Unrealized Losses, Less than 12 months | 393 | 761 |
Fair Value, 12 months or more | 0 | 29,969 |
Unrealized Losses, Greater than 12 months | 0 | 31 |
Fair Value, Total | 291,783 | 810,521 |
Unrealized Losses, Total | 393 | 792 |
Mortgage Backed Securities, Other [Member] | ' | ' |
Investment securities available for sale: | ' | ' |
Fair Value, Less than 12 months | 486,678 | 2,221,213 |
Unrealized Losses, Less than 12 months | 2,210 | 42,876 |
Fair Value, 12 months or more | 1,090,467 | 26,861 |
Unrealized Losses, Greater than 12 months | 19,288 | 1,074 |
Fair Value, Total | 1,577,145 | 2,248,074 |
Unrealized Losses, Total | 21,498 | 43,950 |
Other Debt Obligations | ' | ' |
Investment securities available for sale: | ' | ' |
Fair Value, Less than 12 months | ' | 830 |
Unrealized Losses, Less than 12 months | ' | 33 |
Fair Value, 12 months or more | ' | 0 |
Unrealized Losses, Greater than 12 months | ' | 0 |
Fair Value, Total | ' | 830 |
Unrealized Losses, Total | 0 | 33 |
State, County and Municipal | ' | ' |
Investment securities available for sale: | ' | ' |
Unrealized Losses, Total | $0 | $0 |
Investments_Narrative_Details
Investments (Narrative) (Details) (USD $) | 3 Months Ended | 9 Months Ended | |
Sep. 30, 2014 | Sep. 30, 2014 | Dec. 31, 2013 | |
investments | investments | ||
Investments [Abstract] | ' | ' | ' |
Securities gains (losses) | $0 | $0 | ' |
Unrealized Losses Related to Marketability of Securities or Issuer's Ability to Honor Redemption Obligations | 0 | 0 | 0 |
Fair Value, 12 months or more in unrealized loss position | 1,090,467,000 | 1,090,467,000 | 56,830,000 |
Unrealized Losses, Greater than 12 months | 19,288,000 | 19,288,000 | 1,105,000 |
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Greater than or Equal to One Year | 107 | 107 | ' |
Investment value deemed to be OTTI | 0 | 0 | ' |
Investment securities, aggregate carrying value, pledged as collateral | $2,780,000,000 | $2,780,000,000 | $2,750,000,000 |
Loans_and_Leases_Narrative_Det
Loans and Leases (Narrative) (Details) (USD $) | 3 Months Ended | |
Sep. 30, 2014 | Dec. 31, 2013 | |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Noncovered loans pledged to secure debt obligations | $2,700,000,000 | $2,560,000,000 |
Charge off of past due business credit card loans (days) | '120 days | ' |
Acquired | 996,280,000 | 1,029,426,000 |
Ungraded | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Acquired | 97,499,000 | 19,676,000 |
1st Financial | Ungraded | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Acquired | $91,500,000 | ' |
Loans_and_Leases_Loans_and_Lea
Loans and Leases (Loans and Leases Outstanding) (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Acquired | $996,280 | $1,029,426 |
Originated | 12,806,511 | 12,104,298 |
Total loans and leases | 13,802,791 | 13,133,724 |
Commercial | ' | ' |
Acquired | 702,761 | 781,307 |
Originated | 9,052,309 | 8,499,348 |
Commercial | Construction and land development | ' | ' |
Acquired | 59,808 | 78,915 |
Originated | 382,775 | 319,847 |
Commercial | Mortgage | ' | ' |
Acquired | 579,435 | 642,891 |
Originated | 6,475,366 | 6,362,490 |
Commercial | Commercial and industrial | ' | ' |
Acquired | 25,813 | 17,254 |
Originated | 1,359,945 | 1,081,158 |
Commercial | Lease financing | ' | ' |
Originated | 443,318 | 381,763 |
Commercial | Other commercial real estate | ' | ' |
Acquired | 36,043 | 41,381 |
Originated | 177,681 | 178,754 |
Commercial | Other | ' | ' |
Acquired | 1,662 | 866 |
Originated | 213,224 | 175,336 |
Noncommerical | ' | ' |
Acquired | 293,519 | 248,119 |
Originated | 3,754,202 | 3,604,950 |
Noncommerical | Mortgage | ' | ' |
Acquired | 240,681 | 213,851 |
Originated | 1,141,049 | 982,421 |
Noncommerical | Construction and land development | ' | ' |
Acquired | 1,144 | 2,583 |
Originated | 117,209 | 122,792 |
Noncommerical | Revolving mortgage | ' | ' |
Acquired | 50,048 | 30,834 |
Originated | 2,120,167 | 2,113,285 |
Noncommerical | Consumer | ' | ' |
Acquired | 1,646 | 851 |
Originated | 375,777 | 386,452 |
Loss Share Agreement [Member] | ' | ' |
Acquired | 467,900 | ' |
Temecula Valley Bank [Member] | Loss Share Agreement [Member] | ' | ' |
Acquired | 191,700 | ' |
Venture Bank [Member] | Loss Share Agreement [Member] | ' | ' |
Acquired | 64,400 | ' |
Sun American Bank [Member] | Loss Share Agreement [Member] | ' | ' |
Acquired | 50,800 | ' |
First Regional Bank [Member] | Loss Share Agreement [Member] | ' | ' |
Acquired | $80,300 | ' |
Loans_and_Leases_Loans_Acquire
Loans and Leases (Loans Acquired By Loan Class) (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Acquired | $996,280 | $1,029,426 |
Commercial | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Acquired | 702,761 | 781,307 |
Commercial | Construction and land development | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Acquired | 59,808 | 78,915 |
Commercial | Mortgage | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Acquired | 579,435 | 642,891 |
Commercial | Other commercial real estate | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Acquired | 36,043 | 41,381 |
Commercial | Commercial and industrial | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Acquired | 25,813 | 17,254 |
Commercial | Other | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Acquired | 1,662 | 866 |
Noncommerical | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Acquired | 293,519 | 248,119 |
Noncommerical | Mortgage | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Acquired | 240,681 | 213,851 |
Noncommerical | Revolving mortgage | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Acquired | 50,048 | 30,834 |
Noncommerical | Construction and land development | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Acquired | 1,144 | 2,583 |
Noncommerical | Consumer | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Acquired | $1,646 | $851 |
Loans_and_Leases_Composition_o
Loans and Leases (Composition of the Loans and Leases Outstanding By Credit Quality Indicator) (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Acquired | $996,280 | $1,029,426 |
Total Originated Loans and Leases | 12,806,511 | 12,104,298 |
Pass | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Acquired | 513,160 | 492,831 |
Special Mention | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Acquired | 135,179 | 155,750 |
Substandard | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Acquired | 232,756 | 300,048 |
Doubtful | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Acquired | 17,686 | 61,121 |
Ungraded | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Acquired | 97,499 | 19,676 |
Commercial | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Acquired | 702,761 | 781,307 |
Total Originated Loans and Leases | 9,052,309 | 8,499,348 |
Commercial | Construction and land development | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Acquired | 59,808 | 78,915 |
Total Originated Loans and Leases | 382,775 | 319,847 |
Commercial | Mortgage | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Acquired | 579,435 | 642,891 |
Total Originated Loans and Leases | 6,475,366 | 6,362,490 |
Commercial | Other commercial real estate | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Acquired | 36,043 | 41,381 |
Total Originated Loans and Leases | 177,681 | 178,754 |
Commercial | Commercial and industrial | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Acquired | 25,813 | 17,254 |
Total Originated Loans and Leases | 1,359,945 | 1,081,158 |
Commercial | Lease financing | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total Originated Loans and Leases | 443,318 | 381,763 |
Commercial | Other | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Acquired | 1,662 | 866 |
Total Originated Loans and Leases | 213,224 | 175,336 |
Commercial | Pass | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total Originated Loans and Leases | 8,666,445 | 8,092,174 |
Commercial | Pass | Construction and land development | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Acquired | 7,883 | 2,619 |
Total Originated Loans and Leases | 371,835 | 308,231 |
Commercial | Pass | Mortgage | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Acquired | 318,221 | 296,824 |
Total Originated Loans and Leases | 6,218,527 | 6,094,505 |
Commercial | Pass | Other commercial real estate | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Acquired | 11,249 | 22,225 |
Total Originated Loans and Leases | 174,039 | 174,913 |
Commercial | Pass | Commercial and industrial | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Acquired | 20,208 | 8,021 |
Total Originated Loans and Leases | 1,253,945 | 964,840 |
Commercial | Pass | Lease financing | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total Originated Loans and Leases | 434,915 | 375,371 |
Commercial | Pass | Other | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total Originated Loans and Leases | 213,184 | 174,314 |
Commercial | Special Mention | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total Originated Loans and Leases | 143,846 | 147,325 |
Commercial | Special Mention | Construction and land development | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Acquired | 5,669 | 15,530 |
Total Originated Loans and Leases | 6,028 | 8,620 |
Commercial | Special Mention | Mortgage | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Acquired | 103,276 | 125,295 |
Total Originated Loans and Leases | 112,342 | 119,515 |
Commercial | Special Mention | Other commercial real estate | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Acquired | 16,005 | 3,431 |
Total Originated Loans and Leases | 889 | 1,362 |
Commercial | Special Mention | Commercial and industrial | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Acquired | 2,685 | 2,585 |
Total Originated Loans and Leases | 19,804 | 14,686 |
Commercial | Special Mention | Lease financing | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total Originated Loans and Leases | 4,783 | 2,160 |
Commercial | Special Mention | Other | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total Originated Loans and Leases | 0 | 982 |
Commercial | Substandard | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total Originated Loans and Leases | 156,910 | 156,956 |
Commercial | Substandard | Construction and land development | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Acquired | 40,876 | 52,228 |
Total Originated Loans and Leases | 4,912 | 2,944 |
Commercial | Substandard | Mortgage | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Acquired | 144,810 | 179,657 |
Total Originated Loans and Leases | 140,703 | 141,913 |
Commercial | Substandard | Other commercial real estate | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Acquired | 8,789 | 7,012 |
Total Originated Loans and Leases | 2,590 | 2,216 |
Commercial | Substandard | Commercial and industrial | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Acquired | 2,767 | 5,225 |
Total Originated Loans and Leases | 5,461 | 6,352 |
Commercial | Substandard | Lease financing | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total Originated Loans and Leases | 3,204 | 3,491 |
Commercial | Substandard | Other | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total Originated Loans and Leases | 40 | 40 |
Commercial | Doubtful | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total Originated Loans and Leases | 2,912 | 6,022 |
Commercial | Doubtful | Construction and land development | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Acquired | 2,766 | 7,436 |
Total Originated Loans and Leases | 0 | 52 |
Commercial | Doubtful | Mortgage | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Acquired | 12,737 | 40,471 |
Total Originated Loans and Leases | 2,494 | 5,159 |
Commercial | Doubtful | Other commercial real estate | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Acquired | 0 | 8,713 |
Total Originated Loans and Leases | 0 | 75 |
Commercial | Doubtful | Commercial and industrial | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Acquired | 153 | 1,257 |
Total Originated Loans and Leases | 19 | 144 |
Commercial | Doubtful | Lease financing | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total Originated Loans and Leases | 399 | 592 |
Commercial | Doubtful | Other | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total Originated Loans and Leases | 0 | 0 |
Commercial | Ungraded | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total Originated Loans and Leases | 82,196 | 96,871 |
Commercial | Ungraded | Construction and land development | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Acquired | 2,614 | 1,102 |
Total Originated Loans and Leases | 0 | 0 |
Commercial | Ungraded | Mortgage | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Acquired | 391 | 644 |
Total Originated Loans and Leases | 1,300 | 1,398 |
Commercial | Ungraded | Other commercial real estate | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Acquired | 0 | 0 |
Total Originated Loans and Leases | 163 | 188 |
Commercial | Ungraded | Commercial and industrial | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Acquired | 0 | 166 |
Total Originated Loans and Leases | 80,716 | 95,136 |
Commercial | Ungraded | Lease financing | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total Originated Loans and Leases | 17 | 149 |
Commercial | Ungraded | Other | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total Originated Loans and Leases | 0 | 0 |
Noncommerical | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Acquired | 293,519 | 248,119 |
Total Originated Loans and Leases | 3,754,202 | 3,604,950 |
Noncommerical | Mortgage | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Acquired | 240,681 | 213,851 |
Total Originated Loans and Leases | 1,141,049 | 982,421 |
Noncommerical | Revolving mortgage | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Acquired | 50,048 | 30,834 |
Total Originated Loans and Leases | 2,120,167 | 2,113,285 |
Noncommerical | Construction and land development | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Acquired | 1,144 | 2,583 |
Total Originated Loans and Leases | 117,209 | 122,792 |
Noncommerical | Consumer | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Acquired | 1,646 | 851 |
Total Originated Loans and Leases | 375,777 | 386,452 |
Noncommerical | Consumer and Other | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Acquired | 3,308 | 1,717 |
Noncommerical | Pass | Mortgage | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Acquired | 131,302 | 135,326 |
Noncommerical | Pass | Revolving mortgage | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Acquired | 22,811 | 26,322 |
Noncommerical | Pass | Construction and land development | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Acquired | 70 | 149 |
Noncommerical | Pass | Consumer and Other | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Acquired | 1,416 | 1,345 |
Noncommerical | Special Mention | Mortgage | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Acquired | 4,148 | 6,301 |
Noncommerical | Special Mention | Revolving mortgage | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Acquired | 3,396 | 2,608 |
Noncommerical | Special Mention | Construction and land development | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Acquired | 0 | 0 |
Noncommerical | Special Mention | Consumer and Other | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Acquired | 0 | 0 |
Noncommerical | Substandard | Mortgage | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Acquired | 32,636 | 52,774 |
Noncommerical | Substandard | Revolving mortgage | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Acquired | 2,588 | 1,013 |
Noncommerical | Substandard | Construction and land development | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Acquired | 50 | 2,139 |
Noncommerical | Substandard | Consumer and Other | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Acquired | 240 | 0 |
Noncommerical | Doubtful | Mortgage | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Acquired | 771 | 2,058 |
Noncommerical | Doubtful | Revolving mortgage | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Acquired | 965 | 891 |
Noncommerical | Doubtful | Construction and land development | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Acquired | 294 | 295 |
Noncommerical | Doubtful | Consumer and Other | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Acquired | 0 | 0 |
Noncommerical | Ungraded | Mortgage | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Acquired | 71,824 | 17,392 |
Noncommerical | Ungraded | Revolving mortgage | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Acquired | 20,288 | 0 |
Noncommerical | Ungraded | Construction and land development | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Acquired | 730 | 0 |
Noncommerical | Ungraded | Consumer and Other | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Acquired | 1,652 | 372 |
Originated Loans | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Current | 12,719,948 | 12,015,067 |
Total Originated Loans and Leases | 12,806,511 | 12,104,298 |
30-59 Days Past Due | 48,389 | 44,167 |
60-89 Days Past Due | 11,961 | 14,236 |
90 Days or Greater | 26,213 | 30,828 |
Originated Loans | Commercial | Construction and land development | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Current | 382,070 | 317,778 |
Total Originated Loans and Leases | 382,775 | 319,847 |
30-59 Days Past Due | 379 | 1,603 |
60-89 Days Past Due | 13 | 9 |
90 Days or Greater | 313 | 457 |
Originated Loans | Commercial | Mortgage | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Current | 6,448,484 | 6,333,351 |
Total Originated Loans and Leases | 6,475,366 | 6,362,490 |
30-59 Days Past Due | 11,337 | 11,131 |
60-89 Days Past Due | 4,536 | 3,601 |
90 Days or Greater | 11,009 | 14,407 |
Originated Loans | Commercial | Other commercial real estate | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Current | 176,806 | 177,935 |
Total Originated Loans and Leases | 177,681 | 178,754 |
30-59 Days Past Due | 808 | 139 |
60-89 Days Past Due | 67 | 210 |
90 Days or Greater | 0 | 470 |
Originated Loans | Commercial | Commercial and industrial | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Current | 1,353,100 | 1,076,704 |
Total Originated Loans and Leases | 1,359,945 | 1,081,158 |
30-59 Days Past Due | 5,366 | 3,336 |
60-89 Days Past Due | 634 | 682 |
90 Days or Greater | 845 | 436 |
Originated Loans | Commercial | Lease financing | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Current | 441,956 | 379,532 |
Total Originated Loans and Leases | 443,318 | 381,763 |
30-59 Days Past Due | 527 | 789 |
60-89 Days Past Due | 322 | 1,341 |
90 Days or Greater | 513 | 101 |
Originated Loans | Commercial | Other | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Current | 213,224 | 175,251 |
Total Originated Loans and Leases | 213,224 | 175,336 |
30-59 Days Past Due | 0 | 0 |
60-89 Days Past Due | 0 | 85 |
90 Days or Greater | 0 | 0 |
Originated Loans | Noncommerical | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Current | 3,704,308 | 3,554,516 |
Total Originated Loans and Leases | 3,754,202 | 3,604,950 |
30-59 Days Past Due | 29,972 | 27,169 |
60-89 Days Past Due | 6,389 | 8,308 |
90 Days or Greater | 13,533 | 14,957 |
Originated Loans | Noncommerical | Mortgage | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Current | 1,111,371 | 955,300 |
Total Originated Loans and Leases | 1,141,049 | 982,421 |
30-59 Days Past Due | 18,528 | 12,885 |
60-89 Days Past Due | 3,380 | 4,658 |
90 Days or Greater | 7,770 | 9,578 |
Originated Loans | Noncommerical | Revolving mortgage | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Current | 2,104,212 | 2,095,480 |
Total Originated Loans and Leases | 2,120,167 | 2,113,285 |
30-59 Days Past Due | 8,941 | 10,977 |
60-89 Days Past Due | 2,064 | 2,378 |
90 Days or Greater | 4,950 | 4,450 |
Originated Loans | Noncommerical | Construction and land development | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Current | 116,377 | 121,026 |
Total Originated Loans and Leases | 117,209 | 122,792 |
30-59 Days Past Due | 458 | 1,193 |
60-89 Days Past Due | 117 | 317 |
90 Days or Greater | 257 | 256 |
Originated Loans | Noncommerical | Consumer | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Current | 372,348 | 382,710 |
Total Originated Loans and Leases | 375,777 | 386,452 |
30-59 Days Past Due | 2,045 | 2,114 |
60-89 Days Past Due | 828 | 955 |
90 Days or Greater | $556 | $673 |
Loans_and_Leases_Aging_Of_The_
Loans and Leases (Aging Of The Outstanding Loans and Leases By Class Excluding Loans Impaired At Acquisition Date) (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Total Originated Loans and Leases | $12,806,511 | $12,104,298 |
Commercial | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Total Originated Loans and Leases | 9,052,309 | 8,499,348 |
Commercial | Construction and land development | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Total Originated Loans and Leases | 382,775 | 319,847 |
Commercial | Mortgage | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Total Originated Loans and Leases | 6,475,366 | 6,362,490 |
Commercial | Other commercial real estate | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Total Originated Loans and Leases | 177,681 | 178,754 |
Commercial | Commercial and industrial | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Total Originated Loans and Leases | 1,359,945 | 1,081,158 |
Commercial | Lease financing | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Total Originated Loans and Leases | 443,318 | 381,763 |
Commercial | Other | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Total Originated Loans and Leases | 213,224 | 175,336 |
Noncommerical | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Total Originated Loans and Leases | 3,754,202 | 3,604,950 |
Noncommerical | Mortgage | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Total Originated Loans and Leases | 1,141,049 | 982,421 |
Noncommerical | Revolving mortgage | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Total Originated Loans and Leases | 2,120,167 | 2,113,285 |
Noncommerical | Construction and land development | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Total Originated Loans and Leases | 117,209 | 122,792 |
Noncommerical | Consumer | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Total Originated Loans and Leases | 375,777 | 386,452 |
Originated Loans | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 48,389 | 44,167 |
60-89 Days Past Due | 11,961 | 14,236 |
90 Days or Greater | 26,213 | 30,828 |
Total | 86,563 | 89,231 |
Current | 12,719,948 | 12,015,067 |
Total Originated Loans and Leases | 12,806,511 | 12,104,298 |
Originated Loans | Commercial | Construction and land development | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 379 | 1,603 |
60-89 Days Past Due | 13 | 9 |
90 Days or Greater | 313 | 457 |
Total | 705 | 2,069 |
Current | 382,070 | 317,778 |
Total Originated Loans and Leases | 382,775 | 319,847 |
Originated Loans | Commercial | Mortgage | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 11,337 | 11,131 |
60-89 Days Past Due | 4,536 | 3,601 |
90 Days or Greater | 11,009 | 14,407 |
Total | 26,882 | 29,139 |
Current | 6,448,484 | 6,333,351 |
Total Originated Loans and Leases | 6,475,366 | 6,362,490 |
Originated Loans | Commercial | Other commercial real estate | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 808 | 139 |
60-89 Days Past Due | 67 | 210 |
90 Days or Greater | 0 | 470 |
Total | 875 | 819 |
Current | 176,806 | 177,935 |
Total Originated Loans and Leases | 177,681 | 178,754 |
Originated Loans | Commercial | Commercial and industrial | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 5,366 | 3,336 |
60-89 Days Past Due | 634 | 682 |
90 Days or Greater | 845 | 436 |
Total | 6,845 | 4,454 |
Current | 1,353,100 | 1,076,704 |
Total Originated Loans and Leases | 1,359,945 | 1,081,158 |
Originated Loans | Commercial | Lease financing | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 527 | 789 |
60-89 Days Past Due | 322 | 1,341 |
90 Days or Greater | 513 | 101 |
Total | 1,362 | 2,231 |
Current | 441,956 | 379,532 |
Total Originated Loans and Leases | 443,318 | 381,763 |
Originated Loans | Commercial | Other | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 0 | 0 |
60-89 Days Past Due | 0 | 85 |
90 Days or Greater | 0 | 0 |
Total | 0 | 85 |
Current | 213,224 | 175,251 |
Total Originated Loans and Leases | 213,224 | 175,336 |
Originated Loans | Noncommerical | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 29,972 | 27,169 |
60-89 Days Past Due | 6,389 | 8,308 |
90 Days or Greater | 13,533 | 14,957 |
Current | 3,704,308 | 3,554,516 |
Total Originated Loans and Leases | 3,754,202 | 3,604,950 |
Originated Loans | Noncommerical | Mortgage | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 18,528 | 12,885 |
60-89 Days Past Due | 3,380 | 4,658 |
90 Days or Greater | 7,770 | 9,578 |
Total | 29,678 | 27,121 |
Current | 1,111,371 | 955,300 |
Total Originated Loans and Leases | 1,141,049 | 982,421 |
Originated Loans | Noncommerical | Revolving mortgage | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 8,941 | 10,977 |
60-89 Days Past Due | 2,064 | 2,378 |
90 Days or Greater | 4,950 | 4,450 |
Total | 15,955 | 17,805 |
Current | 2,104,212 | 2,095,480 |
Total Originated Loans and Leases | 2,120,167 | 2,113,285 |
Originated Loans | Noncommerical | Construction and land development | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 458 | 1,193 |
60-89 Days Past Due | 117 | 317 |
90 Days or Greater | 257 | 256 |
Total | 832 | 1,766 |
Current | 116,377 | 121,026 |
Total Originated Loans and Leases | 117,209 | 122,792 |
Originated Loans | Noncommerical | Consumer | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 2,045 | 2,114 |
60-89 Days Past Due | 828 | 955 |
90 Days or Greater | 556 | 673 |
Total | 3,429 | 3,742 |
Current | 372,348 | 382,710 |
Total Originated Loans and Leases | $375,777 | $386,452 |
Loans_and_Leases_Recorded_Inve
Loans and Leases (Recorded Investment, By Class, In Loans And Leases On Nonaccrual Status And Loans And Leases Greater Than 90 Days Past Due And Still Accruing) (Details) (Originated Loans, USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Nonaccruing | $47,778 | $53,170 |
Loans and leases greater than 90 days and accruing | 10,527 | 8,784 |
Commercial | Construction and land development | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Nonaccruing | 258 | 544 |
Loans and leases greater than 90 days and accruing | 110 | 0 |
Commercial | Mortgage | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Nonaccruing | 30,279 | 33,529 |
Loans and leases greater than 90 days and accruing | 2,160 | 1,113 |
Commercial | Other commercial real estate | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Nonaccruing | 1,401 | 1,610 |
Loans and leases greater than 90 days and accruing | 0 | 0 |
Commercial | Commercial and industrial | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Nonaccruing | 1,696 | 1,428 |
Loans and leases greater than 90 days and accruing | 111 | 294 |
Commercial | Lease financing | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Nonaccruing | 410 | 832 |
Loans and leases greater than 90 days and accruing | 513 | 0 |
Noncommerical | Mortgage | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Nonaccruing | 13,713 | 14,701 |
Loans and leases greater than 90 days and accruing | 1,870 | 1,998 |
Noncommerical | Construction and land development | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Nonaccruing | 0 | 457 |
Loans and leases greater than 90 days and accruing | 257 | 256 |
Noncommerical | Revolving mortgage | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Nonaccruing | 0 | 0 |
Loans and leases greater than 90 days and accruing | 4,950 | 4,450 |
Noncommerical | Consumer | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Nonaccruing | 21 | 69 |
Loans and leases greater than 90 days and accruing | $556 | $673 |
Loans_and_Leases_Changes_In_Ca
Loans and Leases (Changes In Carrying Value Of Acquired Impaired Loans) (Details) (USD $) | 9 Months Ended | |||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Dec. 31, 2013 |
Loans on the Cost Recovery Method | Loans on the Cost Recovery Method | |||
Carrying Value of Acquired Impaired Loans [Roll Forward] | ' | ' | ' | ' |
Beginning balance | $1,029,426 | $1,809,235 | $36,800 | $28,500 |
Fair value of acquired impaired loans | 316,327 | 0 | ' | ' |
Accretion | 89,775 | 179,792 | ' | ' |
Reductions for repayments, foreclosures and changes in carrying value, net of accretion | -439,248 | -800,746 | ' | ' |
Ending balance | 996,280 | 1,188,281 | 36,800 | 28,500 |
Outstanding principal balance | $1,754,882 | $2,082,873 | ' | ' |
Loans_and_Leases_Changes_In_Ca1
Loans and Leases (Changes In Carrying Amount Of Accretable Yield) (Details) (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 |
Changes in Amount of Accretable Yield [Roll Forward] | ' | ' |
Beginning balance | $439,990 | $539,564 |
Additions | 84,295 | 0 |
Accretion | -89,775 | -179,792 |
Reclassifications from nonaccretable difference | 1,374 | 61,689 |
Ending balance | 413,816 | 467,072 |
Changes in expected cash flows that do not affected nonaccretable difference | ($22,068) | $45,611 |
Allowance_for_Loan_and_Lease_L2
Allowance for Loan and Lease Losses (Summary of Activity In Allowance for Loan and Lease Losses) (Details) (USD $) | 3 Months Ended | 9 Months Ended | |||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 |
Loans and Leases Evaluated for Impairment [Abstract] | ' | ' | ' | ' | ' |
Net loans and leases | $13,601,886 | ' | $13,601,886 | ' | $12,900,330 |
Loan and Lease Acquired with Deteriorated Credit Quality [Abstract] | ' | ' | ' | ' | ' |
Allowance for loan and lease losses | 200,905 | ' | 200,905 | ' | 233,394 |
Noncommerical | Non-specific | ' | ' | ' | ' | ' |
Allowance for Loan and Lease Losses [Roll Forward] | ' | ' | ' | ' | ' |
Reclassification | ' | ' | ' | -15,772 | ' |
Originated Loans | ' | ' | ' | ' | ' |
Allowance for Loan and Lease Losses [Roll Forward] | ' | ' | ' | ' | ' |
Beginning balance | 176,915 | 181,782 | 179,874 | 179,046 | ' |
Provisions | 1,734 | 4,932 | 4,334 | 11,179 | ' |
Charge-offs | -5,387 | -10,226 | -14,578 | -24,787 | ' |
Recoveries | 1,843 | 1,794 | 5,475 | 5,476 | ' |
Reclassification | ' | ' | ' | 7,368 | ' |
Ending balance | 175,105 | 178,282 | 175,105 | 178,282 | ' |
Allowance for Loans and Leases Evaluated for Impairment [Abstract] | ' | ' | ' | ' | ' |
ALLL for loans and leases individually evaluated for impairment | 12,738 | ' | 12,738 | ' | 10,161 |
ALLL for loans and leases collectively evaluated for impairment | 162,367 | ' | 162,367 | ' | 169,713 |
Total allowance for loan and lease losses | 175,105 | 178,282 | 175,105 | 178,282 | ' |
Loans and Leases Evaluated for Impairment [Abstract] | ' | ' | ' | ' | ' |
Loans and leases individually evaluated for impairment | 125,411 | ' | 125,411 | ' | 132,146 |
Loans and leases collectively evaluated for impairment | 12,681,100 | ' | 12,681,100 | ' | 11,972,152 |
Net loans and leases | 12,806,511 | ' | 12,806,511 | ' | 12,104,298 |
Originated Loans | Commercial | Construction and land development | ' | ' | ' | ' | ' |
Allowance for Loan and Lease Losses [Roll Forward] | ' | ' | ' | ' | ' |
Beginning balance | 11,116 | 11,732 | 10,335 | 6,031 | ' |
Provisions | 1,469 | 1,797 | 2,219 | 3,259 | ' |
Charge-offs | 0 | -3,030 | 0 | -4,570 | ' |
Recoveries | 15 | 84 | 46 | 722 | ' |
Reclassification | ' | ' | ' | 5,141 | ' |
Ending balance | 12,600 | 10,583 | 12,600 | 10,583 | ' |
Allowance for Loans and Leases Evaluated for Impairment [Abstract] | ' | ' | ' | ' | ' |
ALLL for loans and leases individually evaluated for impairment | 382 | ' | 382 | ' | 103 |
ALLL for loans and leases collectively evaluated for impairment | 12,218 | ' | 12,218 | ' | 10,232 |
Total allowance for loan and lease losses | 12,600 | 10,583 | 12,600 | 10,583 | ' |
Loans and Leases Evaluated for Impairment [Abstract] | ' | ' | ' | ' | ' |
Loans and leases individually evaluated for impairment | 2,068 | ' | 2,068 | ' | 2,272 |
Loans and leases collectively evaluated for impairment | 380,707 | ' | 380,707 | ' | 317,575 |
Net loans and leases | 382,775 | ' | 382,775 | ' | 319,847 |
Originated Loans | Commercial | Mortgage | ' | ' | ' | ' | ' |
Allowance for Loan and Lease Losses [Roll Forward] | ' | ' | ' | ' | ' |
Beginning balance | 92,129 | 104,842 | 100,257 | 80,229 | ' |
Provisions | -8,082 | -5,256 | -17,021 | -7,695 | ' |
Charge-offs | -277 | -794 | -718 | -1,662 | ' |
Recoveries | 476 | 241 | 1,728 | 740 | ' |
Reclassification | ' | ' | ' | 27,421 | ' |
Ending balance | 84,246 | 99,033 | 84,246 | 99,033 | ' |
Allowance for Loans and Leases Evaluated for Impairment [Abstract] | ' | ' | ' | ' | ' |
ALLL for loans and leases individually evaluated for impairment | 5,811 | ' | 5,811 | ' | 6,873 |
ALLL for loans and leases collectively evaluated for impairment | 78,435 | ' | 78,435 | ' | 93,384 |
Total allowance for loan and lease losses | 84,246 | 99,033 | 84,246 | 99,033 | ' |
Loans and Leases Evaluated for Impairment [Abstract] | ' | ' | ' | ' | ' |
Loans and leases individually evaluated for impairment | 88,735 | ' | 88,735 | ' | 97,111 |
Loans and leases collectively evaluated for impairment | 6,386,631 | ' | 6,386,631 | ' | 6,265,379 |
Net loans and leases | 6,475,366 | ' | 6,475,366 | ' | 6,362,490 |
Originated Loans | Commercial | Other commercial real estate | ' | ' | ' | ' | ' |
Allowance for Loan and Lease Losses [Roll Forward] | ' | ' | ' | ' | ' |
Beginning balance | 806 | 1,057 | 1,009 | 2,059 | ' |
Provisions | 61 | -56 | -167 | -207 | ' |
Charge-offs | 0 | -5 | 0 | -77 | ' |
Recoveries | 8 | 39 | 33 | 75 | ' |
Reclassification | ' | ' | ' | -815 | ' |
Ending balance | 875 | 1,035 | 875 | 1,035 | ' |
Allowance for Loans and Leases Evaluated for Impairment [Abstract] | ' | ' | ' | ' | ' |
ALLL for loans and leases individually evaluated for impairment | 173 | ' | 173 | ' | 209 |
ALLL for loans and leases collectively evaluated for impairment | 702 | ' | 702 | ' | 800 |
Total allowance for loan and lease losses | 875 | 1,035 | 875 | 1,035 | ' |
Loans and Leases Evaluated for Impairment [Abstract] | ' | ' | ' | ' | ' |
Loans and leases individually evaluated for impairment | 1,966 | ' | 1,966 | ' | 1,878 |
Loans and leases collectively evaluated for impairment | 175,715 | ' | 175,715 | ' | 176,876 |
Net loans and leases | 177,681 | ' | 177,681 | ' | 178,754 |
Originated Loans | Commercial | Commercial and industrial | ' | ' | ' | ' | ' |
Allowance for Loan and Lease Losses [Roll Forward] | ' | ' | ' | ' | ' |
Beginning balance | 26,909 | 19,309 | 22,362 | 14,050 | ' |
Provisions | 4,361 | 4,656 | 9,369 | 3,951 | ' |
Charge-offs | -1,414 | -1,671 | -2,440 | -3,917 | ' |
Recoveries | 227 | 344 | 792 | 1,003 | ' |
Reclassification | ' | ' | ' | 7,551 | ' |
Ending balance | 30,083 | 22,638 | 30,083 | 22,638 | ' |
Allowance for Loans and Leases Evaluated for Impairment [Abstract] | ' | ' | ' | ' | ' |
ALLL for loans and leases individually evaluated for impairment | 3,042 | ' | 3,042 | ' | 771 |
ALLL for loans and leases collectively evaluated for impairment | 27,041 | ' | 27,041 | ' | 21,591 |
Total allowance for loan and lease losses | 30,083 | 22,638 | 30,083 | 22,638 | ' |
Loans and Leases Evaluated for Impairment [Abstract] | ' | ' | ' | ' | ' |
Loans and leases individually evaluated for impairment | 11,484 | ' | 11,484 | ' | 9,300 |
Loans and leases collectively evaluated for impairment | 1,348,461 | ' | 1,348,461 | ' | 1,071,858 |
Net loans and leases | 1,359,945 | ' | 1,359,945 | ' | 1,081,158 |
Originated Loans | Commercial | Lease financing | ' | ' | ' | ' | ' |
Allowance for Loan and Lease Losses [Roll Forward] | ' | ' | ' | ' | ' |
Beginning balance | 4,365 | 4,992 | 4,749 | 3,521 | ' |
Provisions | -71 | -439 | -420 | 1,358 | ' |
Charge-offs | -28 | -31 | -100 | -123 | ' |
Recoveries | 34 | 71 | 71 | 90 | ' |
Reclassification | ' | ' | ' | -253 | ' |
Ending balance | 4,300 | 4,593 | 4,300 | 4,593 | ' |
Allowance for Loans and Leases Evaluated for Impairment [Abstract] | ' | ' | ' | ' | ' |
ALLL for loans and leases individually evaluated for impairment | 151 | ' | 151 | ' | 54 |
ALLL for loans and leases collectively evaluated for impairment | 4,149 | ' | 4,149 | ' | 4,695 |
Total allowance for loan and lease losses | 4,300 | 4,593 | 4,300 | 4,593 | ' |
Loans and Leases Evaluated for Impairment [Abstract] | ' | ' | ' | ' | ' |
Loans and leases individually evaluated for impairment | 281 | ' | 281 | ' | 188 |
Loans and leases collectively evaluated for impairment | 443,037 | ' | 443,037 | ' | 381,575 |
Net loans and leases | 443,318 | ' | 443,318 | ' | 381,763 |
Originated Loans | Commercial | Other | ' | ' | ' | ' | ' |
Allowance for Loan and Lease Losses [Roll Forward] | ' | ' | ' | ' | ' |
Beginning balance | 612 | 360 | 190 | 1,175 | ' |
Provisions | 127 | -171 | 562 | 307 | ' |
Charge-offs | 0 | 0 | -13 | -6 | ' |
Recoveries | 0 | 0 | 0 | 1 | ' |
Reclassification | ' | ' | ' | -1,288 | ' |
Ending balance | 739 | 189 | 739 | 189 | ' |
Allowance for Loans and Leases Evaluated for Impairment [Abstract] | ' | ' | ' | ' | ' |
ALLL for loans and leases individually evaluated for impairment | 6 | ' | 6 | ' | 0 |
ALLL for loans and leases collectively evaluated for impairment | 733 | ' | 733 | ' | 190 |
Total allowance for loan and lease losses | 739 | 189 | 739 | 189 | ' |
Loans and Leases Evaluated for Impairment [Abstract] | ' | ' | ' | ' | ' |
Loans and leases individually evaluated for impairment | 40 | ' | 40 | ' | 0 |
Loans and leases collectively evaluated for impairment | 213,184 | ' | 213,184 | ' | 175,336 |
Net loans and leases | 213,224 | ' | 213,224 | ' | 175,336 |
Originated Loans | Noncommerical | Mortgage | ' | ' | ' | ' | ' |
Allowance for Loan and Lease Losses [Roll Forward] | ' | ' | ' | ' | ' |
Beginning balance | 9,301 | 9,996 | 10,511 | 3,836 | ' |
Provisions | 15 | 515 | -933 | 2,126 | ' |
Charge-offs | -231 | -719 | -649 | -1,987 | ' |
Recoveries | 28 | 253 | 184 | 353 | ' |
Reclassification | ' | ' | ' | 5,717 | ' |
Ending balance | 9,113 | 10,045 | 9,113 | 10,045 | ' |
Allowance for Loans and Leases Evaluated for Impairment [Abstract] | ' | ' | ' | ' | ' |
ALLL for loans and leases individually evaluated for impairment | 1,416 | ' | 1,416 | ' | 1,586 |
ALLL for loans and leases collectively evaluated for impairment | 7,697 | ' | 7,697 | ' | 8,925 |
Total allowance for loan and lease losses | 9,113 | 10,045 | 9,113 | 10,045 | ' |
Loans and Leases Evaluated for Impairment [Abstract] | ' | ' | ' | ' | ' |
Loans and leases individually evaluated for impairment | 14,800 | ' | 14,800 | ' | 15,539 |
Loans and leases collectively evaluated for impairment | 1,126,249 | ' | 1,126,249 | ' | 966,882 |
Net loans and leases | 1,141,049 | ' | 1,141,049 | ' | 982,421 |
Originated Loans | Noncommerical | Construction and land development | ' | ' | ' | ' | ' |
Allowance for Loan and Lease Losses [Roll Forward] | ' | ' | ' | ' | ' |
Beginning balance | 905 | 720 | 681 | 1,721 | ' |
Provisions | 21 | -214 | 274 | -571 | ' |
Charge-offs | -45 | -59 | -138 | -304 | ' |
Recoveries | 14 | 101 | 78 | 180 | ' |
Reclassification | ' | ' | ' | -478 | ' |
Ending balance | 895 | 548 | 895 | 548 | ' |
Allowance for Loans and Leases Evaluated for Impairment [Abstract] | ' | ' | ' | ' | ' |
ALLL for loans and leases individually evaluated for impairment | 103 | ' | 103 | ' | 72 |
ALLL for loans and leases collectively evaluated for impairment | 792 | ' | 792 | ' | 609 |
Total allowance for loan and lease losses | 895 | 548 | 895 | 548 | ' |
Loans and Leases Evaluated for Impairment [Abstract] | ' | ' | ' | ' | ' |
Loans and leases individually evaluated for impairment | 1,498 | ' | 1,498 | ' | 1,108 |
Loans and leases collectively evaluated for impairment | 115,711 | ' | 115,711 | ' | 121,684 |
Net loans and leases | 117,209 | ' | 117,209 | ' | 122,792 |
Originated Loans | Noncommerical | Revolving mortgage | ' | ' | ' | ' | ' |
Allowance for Loan and Lease Losses [Roll Forward] | ' | ' | ' | ' | ' |
Beginning balance | 16,797 | 14,997 | 16,239 | 25,185 | ' |
Provisions | 2,075 | 2,206 | 4,681 | 4,546 | ' |
Charge-offs | -925 | -1,472 | -3,249 | -4,540 | ' |
Recoveries | 174 | 84 | 450 | 462 | ' |
Reclassification | ' | ' | ' | -9,838 | ' |
Ending balance | 18,121 | 15,815 | 18,121 | 15,815 | ' |
Allowance for Loans and Leases Evaluated for Impairment [Abstract] | ' | ' | ' | ' | ' |
ALLL for loans and leases individually evaluated for impairment | 1,060 | ' | 1,060 | ' | 372 |
ALLL for loans and leases collectively evaluated for impairment | 17,061 | ' | 17,061 | ' | 15,867 |
Total allowance for loan and lease losses | 18,121 | 15,815 | 18,121 | 15,815 | ' |
Loans and Leases Evaluated for Impairment [Abstract] | ' | ' | ' | ' | ' |
Loans and leases individually evaluated for impairment | 3,497 | ' | 3,497 | ' | 3,596 |
Loans and leases collectively evaluated for impairment | 2,116,670 | ' | 2,116,670 | ' | 2,109,689 |
Net loans and leases | 2,120,167 | ' | 2,120,167 | ' | 2,113,285 |
Originated Loans | Noncommerical | Consumer | ' | ' | ' | ' | ' |
Allowance for Loan and Lease Losses [Roll Forward] | ' | ' | ' | ' | ' |
Beginning balance | 13,975 | 13,777 | 13,541 | 25,389 | ' |
Provisions | 1,758 | 1,894 | 5,770 | 4,183 | ' |
Charge-offs | -2,467 | -2,445 | -7,271 | -7,601 | ' |
Recoveries | 867 | 577 | 2,093 | 1,850 | ' |
Reclassification | ' | ' | ' | -10,018 | ' |
Ending balance | 14,133 | 13,803 | 14,133 | 13,803 | ' |
Allowance for Loans and Leases Evaluated for Impairment [Abstract] | ' | ' | ' | ' | ' |
ALLL for loans and leases individually evaluated for impairment | 594 | ' | 594 | ' | 121 |
ALLL for loans and leases collectively evaluated for impairment | 13,539 | ' | 13,539 | ' | 13,420 |
Total allowance for loan and lease losses | 14,133 | 13,803 | 14,133 | 13,803 | ' |
Loans and Leases Evaluated for Impairment [Abstract] | ' | ' | ' | ' | ' |
Loans and leases individually evaluated for impairment | 1,042 | ' | 1,042 | ' | 1,154 |
Loans and leases collectively evaluated for impairment | 374,735 | ' | 374,735 | ' | 385,298 |
Net loans and leases | 375,777 | ' | 375,777 | ' | 386,452 |
Originated Loans | Noncommerical | Non-specific | ' | ' | ' | ' | ' |
Allowance for Loan and Lease Losses [Roll Forward] | ' | ' | ' | ' | ' |
Beginning balance | 0 | 0 | 0 | 15,850 | ' |
Provisions | 0 | 0 | 0 | -78 | ' |
Charge-offs | 0 | 0 | 0 | 0 | ' |
Recoveries | 0 | 0 | 0 | 0 | ' |
Reclassification | ' | ' | ' | -15,772 | ' |
Ending balance | 0 | 0 | 0 | 0 | ' |
Allowance for Loans and Leases Evaluated for Impairment [Abstract] | ' | ' | ' | ' | ' |
Total allowance for loan and lease losses | 0 | 0 | 0 | 0 | ' |
Acquired Loans | ' | ' | ' | ' | ' |
Allowance for Loan and Lease Losses [Roll Forward] | ' | ' | ' | ' | ' |
Beginning balance | 29,331 | 76,534 | 53,520 | 139,972 | ' |
Provisions | -197 | -12,615 | -11,999 | -50,710 | ' |
Charge-offs | -3,334 | -4,402 | -15,721 | -29,745 | ' |
Recoveries | 0 | 0 | 0 | 0 | ' |
Ending balance | 25,800 | 59,517 | 25,800 | 59,517 | ' |
Allowance for Loans and Leases Evaluated for Impairment [Abstract] | ' | ' | ' | ' | ' |
Total allowance for loan and lease losses | 25,800 | 59,517 | 25,800 | 59,517 | ' |
Loan and Lease Acquired with Deteriorated Credit Quality [Abstract] | ' | ' | ' | ' | ' |
ALLL for loans and leases acquired with deteriorated credit quality | 25,800 | ' | 25,800 | ' | 53,520 |
Loans and leases acquired with deteriorated credit quality | 996,280 | ' | 996,280 | ' | 1,029,426 |
Acquired Loans | Commercial | Construction and land development | ' | ' | ' | ' | ' |
Allowance for Loan and Lease Losses [Roll Forward] | ' | ' | ' | ' | ' |
Beginning balance | 3,803 | 7,589 | 1,320 | 31,186 | ' |
Provisions | -1,815 | -3,707 | 1,463 | -25,132 | ' |
Charge-offs | -1,633 | -1,263 | -2,428 | -3,435 | ' |
Recoveries | 0 | 0 | 0 | 0 | ' |
Ending balance | 355 | 2,619 | 355 | 2,619 | ' |
Allowance for Loans and Leases Evaluated for Impairment [Abstract] | ' | ' | ' | ' | ' |
Total allowance for loan and lease losses | 355 | 2,619 | 355 | 2,619 | ' |
Loan and Lease Acquired with Deteriorated Credit Quality [Abstract] | ' | ' | ' | ' | ' |
ALLL for loans and leases acquired with deteriorated credit quality | 355 | ' | 355 | ' | 1,320 |
Loans and leases acquired with deteriorated credit quality | 59,808 | ' | 59,808 | ' | 78,915 |
Acquired Loans | Commercial | Mortgage | ' | ' | ' | ' | ' |
Allowance for Loan and Lease Losses [Roll Forward] | ' | ' | ' | ' | ' |
Beginning balance | 17,315 | 33,588 | 29,906 | 50,275 | ' |
Provisions | -2,374 | -1,944 | -6,946 | -10,809 | ' |
Charge-offs | -2,357 | -2,324 | -10,376 | -10,146 | ' |
Recoveries | 0 | 0 | 0 | 0 | ' |
Ending balance | 12,584 | 29,320 | 12,584 | 29,320 | ' |
Allowance for Loans and Leases Evaluated for Impairment [Abstract] | ' | ' | ' | ' | ' |
Total allowance for loan and lease losses | 12,584 | 29,320 | 12,584 | 29,320 | ' |
Loan and Lease Acquired with Deteriorated Credit Quality [Abstract] | ' | ' | ' | ' | ' |
ALLL for loans and leases acquired with deteriorated credit quality | 12,584 | ' | 12,584 | ' | 29,906 |
Loans and leases acquired with deteriorated credit quality | 579,435 | ' | 579,435 | ' | 642,891 |
Acquired Loans | Commercial | Other commercial real estate | ' | ' | ' | ' | ' |
Allowance for Loan and Lease Losses [Roll Forward] | ' | ' | ' | ' | ' |
Beginning balance | 407 | 4,596 | 1,354 | 11,234 | ' |
Provisions | -435 | -2,673 | -1,382 | -2,689 | ' |
Charge-offs | 106 | 0 | 106 | -6,622 | ' |
Recoveries | 0 | 0 | 0 | 0 | ' |
Ending balance | 78 | 1,923 | 78 | 1,923 | ' |
Allowance for Loans and Leases Evaluated for Impairment [Abstract] | ' | ' | ' | ' | ' |
Total allowance for loan and lease losses | 78 | 1,923 | 78 | 1,923 | ' |
Loan and Lease Acquired with Deteriorated Credit Quality [Abstract] | ' | ' | ' | ' | ' |
ALLL for loans and leases acquired with deteriorated credit quality | 78 | ' | 78 | ' | 1,354 |
Loans and leases acquired with deteriorated credit quality | 36,043 | ' | 36,043 | ' | 41,381 |
Acquired Loans | Commercial | Commercial and industrial | ' | ' | ' | ' | ' |
Allowance for Loan and Lease Losses [Roll Forward] | ' | ' | ' | ' | ' |
Beginning balance | 375 | 5,936 | 5,275 | 8,897 | ' |
Provisions | 182 | -73 | -1,883 | 2,067 | ' |
Charge-offs | 839 | -89 | -1,996 | -5,190 | ' |
Recoveries | 0 | 0 | 0 | 0 | ' |
Ending balance | 1,396 | 5,774 | 1,396 | 5,774 | ' |
Allowance for Loans and Leases Evaluated for Impairment [Abstract] | ' | ' | ' | ' | ' |
Total allowance for loan and lease losses | 1,396 | 5,774 | 1,396 | 5,774 | ' |
Loan and Lease Acquired with Deteriorated Credit Quality [Abstract] | ' | ' | ' | ' | ' |
ALLL for loans and leases acquired with deteriorated credit quality | 1,396 | ' | 1,396 | ' | 5,275 |
Loans and leases acquired with deteriorated credit quality | 25,797 | ' | 25,797 | ' | 17,254 |
Acquired Loans | Noncommerical | Mortgage | ' | ' | ' | ' | ' |
Allowance for Loan and Lease Losses [Roll Forward] | ' | ' | ' | ' | ' |
Beginning balance | 7,093 | 17,272 | 11,802 | 19,837 | ' |
Provisions | 187 | -2,445 | -4,289 | -3,546 | ' |
Charge-offs | -188 | -509 | -421 | -1,973 | ' |
Recoveries | 0 | 0 | 0 | 0 | ' |
Ending balance | 7,092 | 14,318 | 7,092 | 14,318 | ' |
Allowance for Loans and Leases Evaluated for Impairment [Abstract] | ' | ' | ' | ' | ' |
Total allowance for loan and lease losses | 7,092 | 14,318 | 7,092 | 14,318 | ' |
Loan and Lease Acquired with Deteriorated Credit Quality [Abstract] | ' | ' | ' | ' | ' |
ALLL for loans and leases acquired with deteriorated credit quality | 7,092 | ' | 7,092 | ' | 11,802 |
Loans and leases acquired with deteriorated credit quality | 240,681 | ' | 240,681 | ' | 213,851 |
Acquired Loans | Noncommerical | Construction and land development | ' | ' | ' | ' | ' |
Allowance for Loan and Lease Losses [Roll Forward] | ' | ' | ' | ' | ' |
Beginning balance | 0 | 1,232 | 682 | 8,287 | ' |
Provisions | 239 | -467 | -443 | -7,739 | ' |
Charge-offs | -83 | -217 | -83 | 0 | ' |
Recoveries | 0 | 0 | 0 | 0 | ' |
Ending balance | 156 | 548 | 156 | 548 | ' |
Allowance for Loans and Leases Evaluated for Impairment [Abstract] | ' | ' | ' | ' | ' |
Total allowance for loan and lease losses | 156 | 548 | 156 | 548 | ' |
Loan and Lease Acquired with Deteriorated Credit Quality [Abstract] | ' | ' | ' | ' | ' |
ALLL for loans and leases acquired with deteriorated credit quality | 156 | ' | 156 | ' | 682 |
Loans and leases acquired with deteriorated credit quality | 1,144 | ' | 1,144 | ' | 2,583 |
Acquired Loans | Noncommerical | Revolving mortgage | ' | ' | ' | ' | ' |
Allowance for Loan and Lease Losses [Roll Forward] | ' | ' | ' | ' | ' |
Beginning balance | 81 | 6,031 | 2,959 | 9,754 | ' |
Provisions | 3,899 | -1,195 | 1,502 | -4,918 | ' |
Charge-offs | -1 | 0 | -482 | 0 | ' |
Recoveries | 0 | 0 | 0 | 0 | ' |
Ending balance | 3,979 | 4,836 | 3,979 | 4,836 | ' |
Allowance for Loans and Leases Evaluated for Impairment [Abstract] | ' | ' | ' | ' | ' |
Total allowance for loan and lease losses | 3,979 | 4,836 | 3,979 | 4,836 | ' |
Loan and Lease Acquired with Deteriorated Credit Quality [Abstract] | ' | ' | ' | ' | ' |
ALLL for loans and leases acquired with deteriorated credit quality | 3,979 | ' | 3,979 | ' | 2,959 |
Loans and leases acquired with deteriorated credit quality | 50,048 | ' | 50,048 | ' | 30,834 |
Acquired Loans | Noncommerical | Consumer and Other | ' | ' | ' | ' | ' |
Allowance for Loan and Lease Losses [Roll Forward] | ' | ' | ' | ' | ' |
Beginning balance | 257 | 290 | 222 | 502 | ' |
Provisions | -80 | -111 | -21 | 2,056 | ' |
Charge-offs | -17 | 0 | -41 | -2,379 | ' |
Recoveries | 0 | 0 | 0 | 0 | ' |
Ending balance | 160 | 179 | 160 | 179 | ' |
Allowance for Loans and Leases Evaluated for Impairment [Abstract] | ' | ' | ' | ' | ' |
Total allowance for loan and lease losses | 160 | 179 | 160 | 179 | ' |
Loan and Lease Acquired with Deteriorated Credit Quality [Abstract] | ' | ' | ' | ' | ' |
ALLL for loans and leases acquired with deteriorated credit quality | 160 | ' | 160 | ' | 222 |
Loans and leases acquired with deteriorated credit quality | $3,324 | ' | $3,324 | ' | $1,717 |
Allowance_for_Loan_and_Lease_L3
Allowance for Loan and Lease Losses (Allocation of Allowance for Loan and Lease Losses) (Details) (USD $) | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 | |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Allowance for loan and lease losses | $200,905,000 | ' | $200,905,000 | ' | $233,394,000 |
Originated Loans | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Unpaid principal balance | 138,929,000 | ' | 138,929,000 | ' | 145,485,000 |
ALLL for loans and leases individually evaluated for impairment | 12,738,000 | ' | 12,738,000 | ' | 10,161,000 |
Financing Receivable, Individually Evaluated for Impairment | 125,411,000 | ' | 125,411,000 | ' | 132,146,000 |
Average balance | 128,431,000 | 162,334,000 | 128,357,000 | 157,018,000 | ' |
Interest income recognized | 1,139,000 | 2,021,000 | 3,782,000 | 6,112,000 | ' |
Originated Loans | Commercial | Construction and land development | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Unpaid principal balance | 7,090,000 | ' | 7,090,000 | ' | 7,306,000 |
ALLL for loans and leases individually evaluated for impairment | 382,000 | ' | 382,000 | ' | 103,000 |
Financing Receivable, Individually Evaluated for Impairment | 2,068,000 | ' | 2,068,000 | ' | 2,272,000 |
Average balance | 2,296,000 | 5,553,000 | 1,701,000 | 7,793,000 | ' |
Interest income recognized | 26,000 | 29,000 | 57,000 | 242,000 | ' |
Originated Loans | Commercial | Mortgage | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Unpaid principal balance | 94,021,000 | ' | 94,021,000 | ' | 103,522,000 |
ALLL for loans and leases individually evaluated for impairment | 5,811,000 | ' | 5,811,000 | ' | 6,873,000 |
Financing Receivable, Individually Evaluated for Impairment | 88,735,000 | ' | 88,735,000 | ' | 97,111,000 |
Average balance | 90,318,000 | 117,584,000 | 86,131,000 | 107,929,000 | ' |
Interest income recognized | 806,000 | 1,575,000 | 2,522,000 | 4,413,000 | ' |
Originated Loans | Commercial | Other commercial real estate | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Unpaid principal balance | 2,365,000 | ' | 2,365,000 | ' | 2,279,000 |
ALLL for loans and leases individually evaluated for impairment | 173,000 | ' | 173,000 | ' | 209,000 |
Financing Receivable, Individually Evaluated for Impairment | 1,966,000 | ' | 1,966,000 | ' | 1,878,000 |
Average balance | 1,980,000 | 2,852,000 | 2,474,000 | 2,893,000 | ' |
Interest income recognized | 7,000 | 39,000 | 67,000 | 121,000 | ' |
Originated Loans | Commercial | Commercial and industrial | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Unpaid principal balance | 12,563,000 | ' | 12,563,000 | ' | 10,393,000 |
ALLL for loans and leases individually evaluated for impairment | 3,042,000 | ' | 3,042,000 | ' | 771,000 |
Financing Receivable, Individually Evaluated for Impairment | 11,484,000 | ' | 11,484,000 | ' | 9,300,000 |
Average balance | 11,699,000 | 12,136,000 | 14,227,000 | 13,811,000 | ' |
Interest income recognized | 108,000 | 127,000 | 461,000 | 533,000 | ' |
Originated Loans | Commercial | Lease financing | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Unpaid principal balance | 281,000 | ' | 281,000 | ' | 188,000 |
ALLL for loans and leases individually evaluated for impairment | 151,000 | ' | 151,000 | ' | 54,000 |
Financing Receivable, Individually Evaluated for Impairment | 281,000 | ' | 281,000 | ' | 188,000 |
Average balance | 312,000 | 312,000 | 589,000 | 399,000 | ' |
Interest income recognized | 5,000 | 5,000 | 26,000 | 19,000 | ' |
Originated Loans | Commercial | Other | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Unpaid principal balance | 40,000 | ' | 40,000 | ' | ' |
ALLL for loans and leases individually evaluated for impairment | 6,000 | ' | 6,000 | ' | 0 |
Financing Receivable, Individually Evaluated for Impairment | 40,000 | ' | 40,000 | ' | 0 |
Average balance | 42,000 | 0 | 29,000 | 0 | ' |
Interest income recognized | 1,000 | 0 | 2,000 | 0 | ' |
Originated Loans | Noncommerical | Mortgage | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Unpaid principal balance | 15,260,000 | ' | 15,260,000 | ' | 15,939,000 |
ALLL for loans and leases individually evaluated for impairment | 1,416,000 | ' | 1,416,000 | ' | 1,586,000 |
Financing Receivable, Individually Evaluated for Impairment | 14,800,000 | ' | 14,800,000 | ' | 15,539,000 |
Average balance | 15,071,000 | 15,137,000 | 15,525,000 | 15,441,000 | ' |
Interest income recognized | 111,000 | 181,000 | 395,000 | 253,000 | ' |
Originated Loans | Noncommerical | Construction and land development | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Unpaid principal balance | 1,498,000 | ' | 1,498,000 | ' | 1,108,000 |
ALLL for loans and leases individually evaluated for impairment | 103,000 | ' | 103,000 | ' | 72,000 |
Financing Receivable, Individually Evaluated for Impairment | 1,498,000 | ' | 1,498,000 | ' | 1,108,000 |
Average balance | 1,942,000 | 943,000 | 1,902,000 | 907,000 | ' |
Interest income recognized | 27,000 | 14,000 | 77,000 | 39,000 | ' |
Originated Loans | Noncommerical | Revolving mortgage | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Unpaid principal balance | 4,719,000 | ' | 4,719,000 | ' | 3,596,000 |
ALLL for loans and leases individually evaluated for impairment | 1,060,000 | ' | 1,060,000 | ' | 372,000 |
Financing Receivable, Individually Evaluated for Impairment | 3,497,000 | ' | 3,497,000 | ' | 3,596,000 |
Average balance | 3,708,000 | 6,564,000 | 4,069,000 | 6,337,000 | ' |
Interest income recognized | 29,000 | 47,000 | 105,000 | 459,000 | ' |
Originated Loans | Noncommerical | Consumer | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Unpaid principal balance | 1,092,000 | ' | 1,092,000 | ' | 1,154,000 |
ALLL for loans and leases individually evaluated for impairment | 594,000 | ' | 594,000 | ' | 121,000 |
Financing Receivable, Individually Evaluated for Impairment | 1,042,000 | ' | 1,042,000 | ' | 1,154,000 |
Average balance | 1,063,000 | 1,253,000 | 1,710,000 | 1,508,000 | ' |
Interest income recognized | 19,000 | 4,000 | 70,000 | 33,000 | ' |
Originated Loans | With A Recorded Allowance | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Financing Receivable, Individually Evaluated for Impairment | 84,936,000 | ' | 84,936,000 | ' | 83,678,000 |
Originated Loans | With A Recorded Allowance | Commercial | Construction and land development | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Financing Receivable, Individually Evaluated for Impairment | 1,379,000 | ' | 1,379,000 | ' | 1,025,000 |
Originated Loans | With A Recorded Allowance | Commercial | Mortgage | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Financing Receivable, Individually Evaluated for Impairment | 56,845,000 | ' | 56,845,000 | ' | 57,819,000 |
Originated Loans | With A Recorded Allowance | Commercial | Other commercial real estate | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Financing Receivable, Individually Evaluated for Impairment | 720,000 | ' | 720,000 | ' | 783,000 |
Originated Loans | With A Recorded Allowance | Commercial | Commercial and industrial | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Financing Receivable, Individually Evaluated for Impairment | 10,272,000 | ' | 10,272,000 | ' | 7,197,000 |
Originated Loans | With A Recorded Allowance | Commercial | Lease financing | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Financing Receivable, Individually Evaluated for Impairment | 281,000 | ' | 281,000 | ' | 133,000 |
Originated Loans | With A Recorded Allowance | Commercial | Other | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Financing Receivable, Individually Evaluated for Impairment | 40,000 | ' | 40,000 | ' | ' |
Originated Loans | With A Recorded Allowance | Noncommerical | Mortgage | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Financing Receivable, Individually Evaluated for Impairment | 9,556,000 | ' | 9,556,000 | ' | 11,534,000 |
Originated Loans | With A Recorded Allowance | Noncommerical | Construction and land development | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Financing Receivable, Individually Evaluated for Impairment | 1,323,000 | ' | 1,323,000 | ' | 651,000 |
Originated Loans | With A Recorded Allowance | Noncommerical | Revolving mortgage | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Financing Receivable, Individually Evaluated for Impairment | 3,497,000 | ' | 3,497,000 | ' | 3,382,000 |
Originated Loans | With A Recorded Allowance | Noncommerical | Consumer | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Financing Receivable, Individually Evaluated for Impairment | 1,023,000 | ' | 1,023,000 | ' | 1,154,000 |
Originated Loans | With No Recorded Allowance | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Financing Receivable, Individually Evaluated for Impairment | 40,475,000 | ' | 40,475,000 | ' | 48,468,000 |
Originated Loans | With No Recorded Allowance | Commercial | Construction and land development | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Financing Receivable, Individually Evaluated for Impairment | 689,000 | ' | 689,000 | ' | 1,247,000 |
Originated Loans | With No Recorded Allowance | Commercial | Mortgage | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Financing Receivable, Individually Evaluated for Impairment | 31,890,000 | ' | 31,890,000 | ' | 39,292,000 |
Originated Loans | With No Recorded Allowance | Commercial | Other commercial real estate | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Financing Receivable, Individually Evaluated for Impairment | 1,246,000 | ' | 1,246,000 | ' | 1,095,000 |
Originated Loans | With No Recorded Allowance | Commercial | Commercial and industrial | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Financing Receivable, Individually Evaluated for Impairment | 1,212,000 | ' | 1,212,000 | ' | 2,103,000 |
Originated Loans | With No Recorded Allowance | Commercial | Lease financing | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Financing Receivable, Individually Evaluated for Impairment | 0 | ' | 0 | ' | 55,000 |
Originated Loans | With No Recorded Allowance | Commercial | Other | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Financing Receivable, Individually Evaluated for Impairment | 0 | ' | 0 | ' | ' |
Originated Loans | With No Recorded Allowance | Noncommerical | Mortgage | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Financing Receivable, Individually Evaluated for Impairment | 5,244,000 | ' | 5,244,000 | ' | 4,005,000 |
Originated Loans | With No Recorded Allowance | Noncommerical | Construction and land development | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Financing Receivable, Individually Evaluated for Impairment | 175,000 | ' | 175,000 | ' | 457,000 |
Originated Loans | With No Recorded Allowance | Noncommerical | Revolving mortgage | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Financing Receivable, Individually Evaluated for Impairment | 0 | ' | 0 | ' | 214,000 |
Originated Loans | With No Recorded Allowance | Noncommerical | Consumer | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Financing Receivable, Individually Evaluated for Impairment | 19,000 | ' | 19,000 | ' | 0 |
Acquired Loans | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Acquired loans which have adverse change in expected cash flows | $532,000,000 | ' | $532,000,000 | ' | $459,900,000 |
Allowance_for_Loan_and_Lease_L4
Allowance for Loan and Lease Losses (Troubled Debt Restructuring) (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
TDRs | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Accruing | $147,598 | $175,955 |
Nonaccruing | 22,890 | 30,801 |
Financing Receivable, Modifications, Recorded Investment | 170,488 | 206,756 |
Originated Loans | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Nonaccruing | 47,778 | 53,170 |
Originated Loans | TDRs | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Accruing | 92,928 | 85,126 |
Nonaccruing | 17,817 | 19,322 |
Financing Receivable, Modifications, Recorded Investment | 110,745 | 104,448 |
Acquired Loans | TDRs | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Accruing | 54,670 | 90,829 |
Nonaccruing | 5,073 | 11,479 |
Financing Receivable, Modifications, Recorded Investment | 59,743 | ' |
Commercial | TDRs | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Accruing | 117,117 | 147,712 |
Nonaccruing | 20,004 | 26,681 |
Financing Receivable, Modifications, Recorded Investment | 137,121 | 174,393 |
Commercial | Construction and land development | TDRs | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Accruing | 3,518 | 21,032 |
Nonaccruing | 213 | 1,002 |
Financing Receivable, Modifications, Recorded Investment | 3,731 | 22,034 |
Commercial | Construction and land development | Originated Loans | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Nonaccruing | 258 | 544 |
Commercial | Mortgage | TDRs | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Accruing | 100,114 | 113,323 |
Nonaccruing | 17,866 | 23,387 |
Financing Receivable, Modifications, Recorded Investment | 117,980 | 136,710 |
Commercial | Mortgage | Originated Loans | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Nonaccruing | 30,279 | 33,529 |
Commercial | Other commercial real estate | TDRs | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Accruing | 3,085 | 3,470 |
Nonaccruing | 1,229 | 1,150 |
Financing Receivable, Modifications, Recorded Investment | 4,314 | 4,620 |
Commercial | Other commercial real estate | Originated Loans | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Nonaccruing | 1,401 | 1,610 |
Commercial | Commercial and industrial | TDRs | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Accruing | 10,079 | 9,838 |
Nonaccruing | 696 | 1,142 |
Financing Receivable, Modifications, Recorded Investment | 10,775 | 10,980 |
Commercial | Commercial and industrial | Originated Loans | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Nonaccruing | 1,696 | 1,428 |
Commercial | Lease financing | TDRs | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Accruing | 281 | 49 |
Nonaccruing | 0 | 0 |
Financing Receivable, Modifications, Recorded Investment | 281 | 49 |
Commercial | Lease financing | Originated Loans | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Nonaccruing | 410 | 832 |
Commercial | Other | TDRs | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Accruing | 40 | 0 |
Nonaccruing | 0 | 0 |
Financing Receivable, Modifications, Recorded Investment | 40 | 0 |
Noncommerical | TDRs | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Accruing | 30,481 | 28,243 |
Nonaccruing | 2,886 | 4,120 |
Financing Receivable, Modifications, Recorded Investment | 33,367 | 32,363 |
Noncommerical | Mortgage | TDRs | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Accruing | 24,444 | 23,343 |
Nonaccruing | 2,886 | 3,663 |
Financing Receivable, Modifications, Recorded Investment | 27,330 | 27,006 |
Noncommerical | Mortgage | Originated Loans | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Nonaccruing | 13,713 | 14,701 |
Noncommerical | Construction and land development | TDRs | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Accruing | 1,498 | 651 |
Nonaccruing | 0 | 457 |
Financing Receivable, Modifications, Recorded Investment | 1,498 | 1,108 |
Noncommerical | Construction and land development | Originated Loans | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Nonaccruing | 0 | 457 |
Noncommerical | Revolving mortgage | TDRs | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Accruing | 3,497 | 3,095 |
Nonaccruing | 0 | 0 |
Financing Receivable, Modifications, Recorded Investment | 3,497 | 3,095 |
Noncommerical | Revolving mortgage | Originated Loans | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Nonaccruing | 0 | 0 |
Noncommerical | Consumer and Other | TDRs | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Accruing | 1,042 | 1,154 |
Nonaccruing | 0 | 0 |
Financing Receivable, Modifications, Recorded Investment | 1,042 | 1,154 |
Loss Share Agreement [Member] | Acquired Loans | TDRs | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Financing Receivable, Modifications, Recorded Investment | $38,476 | $102,308 |
Allowance_for_Loan_and_Lease_L5
Allowance for Loan and Lease Losses (Note Restructurings During Period) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
loans | loans | loans | loans | |
Originated Loans | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Financing Receivable, Modifications, Number of Contracts | 40 | 23 | 180 | 138 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | $5,344 | $4,619 | $27,743 | $27,427 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 5 | 15 | 12 | 17 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 283 | 6,765 | 2,313 | 7,556 |
Originated Loans | Interest Only Loan | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Financing Receivable, Modifications, Number of Contracts | 0 | 1 | 11 | 13 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | 0 | 203 | 2,995 | 4,373 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | 0 | 2 | 0 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 0 | 0 | 592 | 0 |
Originated Loans | Loan Term Extension | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Financing Receivable, Modifications, Number of Contracts | 8 | 8 | 42 | 25 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | 764 | 2,983 | 7,274 | 6,501 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | 4 | 0 | 6 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 0 | 1,303 | 0 | 2,094 |
Originated Loans | Below Market Interest Rate | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Financing Receivable, Modifications, Number of Contracts | 28 | 11 | 101 | 65 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | 4,468 | 1,308 | 15,313 | 13,903 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 2 | 7 | 5 | 7 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 221 | 5,371 | 1,371 | 5,371 |
Originated Loans | Discharge of Debt | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Financing Receivable, Modifications, Number of Contracts | 4 | 3 | 26 | 35 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | 112 | 125 | 2,161 | 2,650 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 3 | 4 | 5 | 4 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 62 | 91 | 350 | 91 |
Originated Loans | Commercial | Interest Only Loan | Mortgage | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Financing Receivable, Modifications, Number of Contracts | ' | ' | 6 | 9 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | ' | ' | 2,449 | 3,242 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | ' | ' | 2 | 0 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | ' | ' | 592 | 0 |
Originated Loans | Commercial | Interest Only Loan | Other commercial real estate | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Financing Receivable, Modifications, Number of Contracts | ' | ' | 0 | 1 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | ' | ' | 0 | 98 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | ' | ' | 0 | 0 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | ' | ' | 0 | 0 |
Originated Loans | Commercial | Interest Only Loan | Commercial and industrial | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Financing Receivable, Modifications, Number of Contracts | 0 | 1 | 2 | 2 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | 0 | 203 | 375 | 403 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | 0 | 0 | 0 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 0 | 0 | 0 | 0 |
Originated Loans | Commercial | Interest Only Loan | Lease financing | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Financing Receivable, Modifications, Number of Contracts | ' | ' | 2 | 0 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | ' | ' | 131 | 0 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | ' | ' | 0 | 0 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | ' | ' | 0 | ' |
Originated Loans | Commercial | Interest Only Loan | Other | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Financing Receivable, Modifications, Number of Contracts | ' | ' | 1 | 0 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | ' | ' | 40 | 0 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | ' | ' | 0 | 0 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | ' | ' | 0 | 0 |
Originated Loans | Commercial | Loan Term Extension | Construction and land development | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Financing Receivable, Modifications, Number of Contracts | ' | ' | 2 | 0 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | ' | ' | 189 | 0 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | ' | ' | 0 | 0 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | ' | ' | 0 | 0 |
Originated Loans | Commercial | Loan Term Extension | Mortgage | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Financing Receivable, Modifications, Number of Contracts | 1 | 5 | 11 | 12 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | 462 | 2,372 | 4,072 | 4,935 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | 4 | 0 | 5 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 0 | 1,303 | 0 | 1,524 |
Originated Loans | Commercial | Loan Term Extension | Commercial and industrial | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Financing Receivable, Modifications, Number of Contracts | ' | ' | 4 | 2 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | ' | ' | 2,040 | 623 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | ' | ' | 0 | 0 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | ' | ' | 0 | 0 |
Originated Loans | Commercial | Loan Term Extension | Lease financing | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Financing Receivable, Modifications, Number of Contracts | ' | ' | 2 | 0 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | ' | ' | 144 | 0 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | ' | ' | 0 | 0 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | ' | ' | 0 | 0 |
Originated Loans | Commercial | Below Market Interest Rate | Construction and land development | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Financing Receivable, Modifications, Number of Contracts | 0 | 1 | 10 | 2 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | 0 | 45 | 371 | 265 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | 0 | 0 | 0 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 0 | 0 | 0 | 0 |
Originated Loans | Commercial | Below Market Interest Rate | Mortgage | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Financing Receivable, Modifications, Number of Contracts | 6 | 4 | 29 | 29 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | 3,062 | 859 | 11,399 | 10,248 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 1 | 5 | 3 | 5 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 176 | 5,125 | 1,276 | 5,125 |
Originated Loans | Commercial | Below Market Interest Rate | Other commercial real estate | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Financing Receivable, Modifications, Number of Contracts | ' | ' | 1 | 3 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | ' | ' | 347 | 738 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | ' | ' | 0 | 0 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | ' | ' | ' | 0 |
Originated Loans | Commercial | Below Market Interest Rate | Commercial and industrial | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Financing Receivable, Modifications, Number of Contracts | 3 | 0 | 11 | 4 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | 462 | 0 | 772 | 829 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | 1 | 0 | 1 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 0 | 173 | 0 | 173 |
Originated Loans | Commercial | Discharge of Debt | Mortgage | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Financing Receivable, Modifications, Number of Contracts | 1 | 0 | 2 | 0 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | 0 | 0 | 970 | 0 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 1 | 0 | 1 | 0 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 0 | 0 | 0 | 0 |
Originated Loans | Noncommerical | Interest Only Loan | Mortgage | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Financing Receivable, Modifications, Number of Contracts | ' | ' | 0 | 1 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | ' | ' | 0 | 630 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | ' | ' | 0 | 0 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | ' | ' | 0 | 0 |
Originated Loans | Noncommerical | Interest Only Loan | Lease financing | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | ' | ' | ' | 0 |
Originated Loans | Noncommerical | Loan Term Extension | Mortgage | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Financing Receivable, Modifications, Number of Contracts | 3 | 2 | 15 | 9 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | 80 | 590 | 532 | 879 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | 0 | 0 | 1 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 0 | 0 | 0 | 570 |
Originated Loans | Noncommerical | Loan Term Extension | Construction and land development | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Financing Receivable, Modifications, Number of Contracts | 2 | 0 | 3 | 0 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | 141 | 0 | 175 | 0 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | 0 | 0 | 0 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 0 | 0 | 0 | 0 |
Originated Loans | Noncommerical | Loan Term Extension | Consumer | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Financing Receivable, Modifications, Number of Contracts | 2 | 1 | 5 | 2 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | 81 | 21 | 122 | 64 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | 0 | 0 | 0 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 0 | 0 | 0 | 0 |
Originated Loans | Noncommerical | Below Market Interest Rate | Mortgage | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Financing Receivable, Modifications, Number of Contracts | 11 | 1 | 29 | 14 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | 609 | 319 | 1,402 | 826 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 1 | 0 | 2 | 0 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 45 | 0 | 95 | 0 |
Originated Loans | Noncommerical | Below Market Interest Rate | Other commercial real estate | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | ' | ' | 0 | ' |
Originated Loans | Noncommerical | Below Market Interest Rate | Construction and land development | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Financing Receivable, Modifications, Number of Contracts | 3 | 2 | 11 | 4 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | 173 | 42 | 590 | 555 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | 0 | 0 | 0 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 0 | 0 | 0 | 0 |
Originated Loans | Noncommerical | Below Market Interest Rate | Revolving mortgage | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Financing Receivable, Modifications, Number of Contracts | 0 | 3 | 5 | 6 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | 0 | 43 | 270 | 215 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | 1 | 0 | 1 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 0 | 73 | 0 | 73 |
Originated Loans | Noncommerical | Below Market Interest Rate | Consumer | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Financing Receivable, Modifications, Number of Contracts | 5 | 0 | 5 | 3 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | 162 | 0 | 162 | 227 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | 0 | 0 | 0 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 0 | 0 | 0 | 0 |
Originated Loans | Noncommerical | Discharge of Debt | Mortgage | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Financing Receivable, Modifications, Number of Contracts | 0 | 0 | 9 | 4 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | 0 | 0 | 691 | 130 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | 2 | 2 | 2 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 0 | 44 | 288 | 44 |
Originated Loans | Noncommerical | Discharge of Debt | Construction and land development | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Financing Receivable, Modifications, Number of Contracts | 0 | 0 | 1 | 0 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | 0 | 0 | 62 | 0 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 1 | 0 | 1 | 0 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 62 | 0 | 62 | 0 |
Originated Loans | Noncommerical | Discharge of Debt | Revolving mortgage | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Financing Receivable, Modifications, Number of Contracts | 2 | 3 | 10 | 31 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | 99 | 125 | 420 | 2,520 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 1 | 2 | 1 | 2 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 0 | 47 | 0 | 47 |
Originated Loans | Noncommerical | Discharge of Debt | Consumer | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Financing Receivable, Modifications, Number of Contracts | 1 | 0 | 4 | 0 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | 13 | 0 | 18 | 0 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | 0 | 0 | 0 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 0 | 0 | 0 | 0 |
Acquired Loans | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Financing Receivable, Modifications, Number of Contracts | 10 | 3 | 77 | 42 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | 3,952 | 569 | 12,228 | 26,104 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 4 | 10 | 12 | 14 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 448 | 6,025 | 519 | 8,718 |
Acquired Loans | Interest Only Loan | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Financing Receivable, Modifications, Number of Contracts | 0 | 0 | 2 | 6 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | 0 | 0 | 44 | 3,892 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | 1 | 2 | 3 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 0 | 2,628 | 44 | 4,618 |
Acquired Loans | Loan Term Extension | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Financing Receivable, Modifications, Number of Contracts | 1 | 2 | 3 | 9 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | 348 | 278 | 670 | 3,914 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 3 | 1 | 4 | 1 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 381 | 198 | 381 | 198 |
Acquired Loans | Below Market Interest Rate | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Financing Receivable, Modifications, Number of Contracts | 9 | 1 | 46 | 27 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | 3,604 | 291 | 9,841 | 18,298 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 1 | 8 | 4 | 10 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 67 | 3,199 | 94 | 3,902 |
Acquired Loans | Discharge of Debt | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Financing Receivable, Modifications, Number of Contracts | 0 | 0 | 26 | 0 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | 0 | 0 | 1,673 | 0 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | 0 | 2 | 0 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 0 | 0 | 0 | 0 |
Acquired Loans | Commercial | Interest Only Loan | Construction and land development | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Financing Receivable, Modifications, Number of Contracts | 0 | 0 | 0 | 1 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | 0 | 0 | 0 | 2,628 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | 1 | 0 | 1 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 0 | 2,628 | 0 | 2,628 |
Acquired Loans | Commercial | Interest Only Loan | Mortgage | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Financing Receivable, Modifications, Number of Contracts | ' | ' | 2 | 2 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | ' | ' | 44 | 1,060 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | ' | ' | 2 | 2 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | ' | ' | 44 | 1,990 |
Acquired Loans | Commercial | Interest Only Loan | Commercial and industrial | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Financing Receivable, Modifications, Number of Contracts | ' | ' | 0 | 1 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | ' | ' | 0 | 23 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | ' | ' | 0 | 0 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | ' | ' | 0 | 0 |
Acquired Loans | Commercial | Loan Term Extension | Construction and land development | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Financing Receivable, Modifications, Number of Contracts | 1 | 0 | 2 | 5 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | 348 | 0 | 348 | 2,517 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | 0 | 0 | 0 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 0 | 0 | 0 | 0 |
Acquired Loans | Commercial | Loan Term Extension | Mortgage | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Financing Receivable, Modifications, Number of Contracts | 0 | 1 | 0 | 1 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | 0 | 157 | 0 | 157 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | 0 | 0 | 0 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 0 | 0 | 0 | 0 |
Acquired Loans | Commercial | Loan Term Extension | Commercial and industrial | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Financing Receivable, Modifications, Number of Contracts | 0 | 1 | 0 | 2 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | 0 | 121 | 0 | 1,042 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | 0 | 0 | 0 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 0 | 0 | 0 | 0 |
Acquired Loans | Commercial | Below Market Interest Rate | Construction and land development | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Financing Receivable, Modifications, Number of Contracts | 0 | 0 | 2 | 5 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | 0 | 0 | 308 | 3,489 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | 2 | 0 | 2 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 0 | 1,067 | 0 | 1,067 |
Acquired Loans | Commercial | Below Market Interest Rate | Mortgage | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Financing Receivable, Modifications, Number of Contracts | 6 | 1 | 15 | 9 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | 3,377 | 291 | 5,539 | 11,428 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 1 | 2 | 2 | 2 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 67 | 1,290 | 94 | 1,290 |
Acquired Loans | Commercial | Below Market Interest Rate | Commercial and industrial | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Financing Receivable, Modifications, Number of Contracts | ' | ' | 0 | 3 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | ' | ' | 0 | 510 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | ' | ' | 0 | 0 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | ' | ' | 0 | 0 |
Acquired Loans | Noncommerical | Interest Only Loan | Mortgage | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Financing Receivable, Modifications, Number of Contracts | ' | ' | 0 | 2 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | ' | ' | 0 | 181 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | ' | ' | 0 | 0 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | ' | ' | 0 | 0 |
Acquired Loans | Noncommerical | Loan Term Extension | Mortgage | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Financing Receivable, Modifications, Number of Contracts | 0 | 0 | 1 | 1 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | 0 | 0 | 322 | 198 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 3 | 1 | 4 | 1 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 381 | 198 | 381 | 198 |
Acquired Loans | Noncommerical | Below Market Interest Rate | Mortgage | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Financing Receivable, Modifications, Number of Contracts | 3 | 0 | 29 | 10 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | 227 | 0 | 3,994 | 2,871 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | 4 | 2 | 6 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 0 | 842 | 0 | 1,545 |
Acquired Loans | Noncommerical | Discharge of Debt | Mortgage | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Financing Receivable, Modifications, Number of Contracts | 0 | 0 | 26 | 0 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | 0 | 0 | 1,673 | 0 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | 0 | 2 | 0 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | $0 | $0 | $0 | $0 |
Other_Real_Estate_Owned_Detail
Other Real Estate Owned (Details) (USD $) | 9 Months Ended | |||||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | ||
Covered | ' | ' | ' | ' | ||
Beginning balance | $47,081 | $102,577 | $29,272 | $58,769 | ||
Additions | 25,235 | 50,365 | ' | ' | ||
Sales | -27,756 | -78,597 | ' | ' | ||
Writedowns | -9,751 | -15,576 | ' | ' | ||
Other Real Estate Covered Transfers | -5,537 | ' | ' | ' | ||
Noncovered | ' | ' | ' | ' | ||
Beginning balance | 36,898 | 43,513 | 43,186 | [1] | 40,338 | |
Additions | 28,492 | [1] | 28,756 | ' | ' | |
Sales | -23,526 | -29,266 | ' | ' | ||
Writedowns | -4,215 | -2,665 | ' | ' | ||
Other Real Estate Non Covered Transfers | 5,537 | ' | ' | ' | ||
Total | ' | ' | ' | ' | ||
Beginning balance | 83,979 | 146,090 | ' | ' | ||
Additions | 53,727 | [1] | 79,121 | ' | ' | |
Sales | -51,282 | -107,863 | ' | ' | ||
Writedowns | -13,966 | -18,241 | ' | ' | ||
Other Real Estate Transfers | 0 | ' | ' | ' | ||
Ending balance | 72,458 | [1] | 99,107 | ' | ' | |
1st Financial | ' | ' | ' | ' | ||
Noncovered | ' | ' | ' | ' | ||
Additions | $11,600 | [1] | ' | ' | ' | |
[1] | Noncovered additions include $11.6 million from the 1st Financial merger. |
Receivable_from_FDIC_for_Loss_2
Receivable from FDIC for Loss Share Agreements (Changes in Receivable from FDIC) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||||||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Dec. 31, 2012 |
Receivable From FDIC For Loss Share Agreements [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' |
FDIC Indemnification Asset | $45,140 | $100,553 | $45,140 | $100,553 | $49,959 | $93,397 | $158,013 | $270,192 |
Receivable From FDIC For Loss Share Agreements [Roll Forward] | ' | ' | ' | ' | ' | ' | ' | ' |
Accretion of discounts and premiums, net | -6,362 | -20,553 | -37,028 | -65,734 | ' | ' | ' | ' |
Receipt of payments from FDIC | 1,130 | 1,431 | 5,479 | -45,103 | ' | ' | ' | ' |
Post-acquisition and other adjustments, net | $413 | ($38,338) | ($16,708) | ($58,802) | ' | ' | ' | ' |
Estimated_Fair_Values_Estimate
Estimated Fair Values (Estimated Fair Values For Certain Financial Assets And Financial Liabilities) (Details) (USD $) | Sep. 30, 2014 | Jun. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Dec. 31, 2012 | ||
In Thousands, unless otherwise specified | ||||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' | ' | ||
Cash and due from banks | $400,993 | ' | $533,599 | ' | ' | ' | ||
Overnight investments | 707,352 | ' | 859,324 | ' | ' | ' | ||
Investment securities available for sale | 5,648,094 | ' | 5,387,703 | ' | ' | ' | ||
Investment securities held to maturity | 607 | ' | 907 | ' | ' | ' | ||
Loans held for sale | 43,612 | ' | 47,271 | ' | ' | ' | ||
Loans and Leases Receivable, Net Amount | 13,601,886 | ' | 12,900,330 | ' | ' | ' | ||
FDIC Indemnification Asset | 45,140 | 49,959 | 93,397 | 100,553 | 158,013 | 270,192 | ||
Income earned not collected | 48,511 | ' | 48,390 | ' | ' | ' | ||
Deposits | 18,406,941 | ' | 17,874,066 | ' | ' | ' | ||
FDIC loss share payable | 116,924 | ' | 109,378 | ' | ' | ' | ||
Carrying Value | ' | ' | ' | ' | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' | ' | ||
Cash and due from banks | 400,993 | ' | 533,599 | ' | ' | ' | ||
Overnight investments | 707,352 | ' | 859,324 | ' | ' | ' | ||
Investment securities available for sale | 5,648,094 | ' | 5,387,703 | ' | ' | ' | ||
Investment securities held to maturity | 607 | ' | 907 | ' | ' | ' | ||
Loans held for sale | 43,612 | ' | 47,271 | ' | ' | ' | ||
Loans and Leases Receivable, Net Amount | 13,601,886 | ' | 12,900,330 | ' | ' | ' | ||
FDIC Indemnification Asset | 45,140 | [1] | ' | 93,397 | [1] | ' | ' | ' |
Income earned not collected | 48,511 | ' | 48,390 | ' | ' | ' | ||
Stock issued by Federal Home Loan Bank | 32,309 | ' | 40,819 | ' | ' | ' | ||
Preferred stock and other acquired financial assets | 13,390 | ' | 33,564 | ' | ' | ' | ||
Deposits | 18,406,941 | ' | 17,874,066 | ' | ' | ' | ||
Short-term borrowings | 798,169 | ' | 511,418 | ' | ' | ' | ||
Long-term obligations | 313,768 | ' | 510,769 | ' | ' | ' | ||
FDIC loss share payable | 116,924 | ' | 109,378 | ' | ' | ' | ||
Accrued interest payable | 5,303 | ' | 6,737 | ' | ' | ' | ||
Interest rate swap | 4,984 | ' | 7,220 | ' | ' | ' | ||
Fair Value | ' | ' | ' | ' | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' | ' | ||
Cash and due from banks | 400,993 | ' | 533,599 | ' | ' | ' | ||
Overnight investments | 707,352 | ' | 859,324 | ' | ' | ' | ||
Investment securities available for sale | 5,648,094 | ' | 5,387,703 | ' | ' | ' | ||
Investment securities held to maturity | 638 | ' | 974 | ' | ' | ' | ||
Loans held for sale | 44,172 | ' | 47,956 | ' | ' | ' | ||
Loans and Leases Receivable, Net Amount | 13,091,758 | ' | 12,545,537 | ' | ' | ' | ||
FDIC Indemnification Asset | 22,788 | [1] | ' | 38,438 | [1] | ' | ' | ' |
Income earned not collected | 48,511 | ' | 48,390 | ' | ' | ' | ||
Stock issued by Federal Home Loan Bank | 32,309 | ' | 40,819 | ' | ' | ' | ||
Preferred stock and other acquired financial assets | 14,388 | ' | 34,786 | ' | ' | ' | ||
Deposits | 17,943,397 | ' | 17,898,570 | ' | ' | ' | ||
Short-term borrowings | 798,169 | ' | 511,418 | ' | ' | ' | ||
Long-term obligations | 326,743 | ' | 526,037 | ' | ' | ' | ||
FDIC loss share payable | 124,330 | ' | 111,941 | ' | ' | ' | ||
Accrued interest payable | 5,303 | ' | 6,737 | ' | ' | ' | ||
Interest rate swap | $4,984 | ' | $7,220 | ' | ' | ' | ||
[1] | The fair value of the FDIC receivable excludes amortization expected to be recognized in prospective periods. |
Estimated_Fair_Values_Narrativ
Estimated Fair Values (Narrative) (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Estimated Fair Values [Line Items] | ' | ' |
Total investment securities available for sale, fair value | $5,648,094 | $5,387,703 |
Liability transfers between Level 1 and Level 2 | 0 | ' |
Asset transfers between Level 1 and Level 2 | 0 | ' |
Liability transfers between Level 2 and Level 1 | 0 | ' |
Asset transfers between Level 2 and Level 1 | 0 | ' |
Fair Value, Measurements, Nonrecurring | ' | ' |
Estimated Fair Values [Line Items] | ' | ' |
Liability measured at fair value on nonrecurring basis | $0 | $0 |
Minimum | ' | ' |
Estimated Fair Values [Line Items] | ' | ' |
Discounts for collateral value estimates due to estimated holding and selling costs (percent) | 10.00% | 10.00% |
Maximum | ' | ' |
Estimated Fair Values [Line Items] | ' | ' |
Discounts for collateral value estimates due to estimated holding and selling costs (percent) | 14.00% | 14.00% |
Estimated_Fair_Values_Assets_A
Estimated Fair Values (Assets And Liabilities Carried At Fair Value On A Recurring Basis) (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale | $5,648,094 | $5,387,703 |
Fair Value, Measurements, Recurring | Fair Value | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale | 5,648,094 | 5,387,703 |
Interest rate swaps accounted for as cash flow hedges | 4,984 | 7,220 |
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets and Liabilities (Level 1 Inputs) | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale | 0 | 0 |
Interest rate swaps accounted for as cash flow hedges | 0 | 0 |
Fair Value, Measurements, Recurring | Quoted Prices for Similar Assets and Liabilities (Level 2 Inputs) | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale | 5,648,094 | 5,387,703 |
Interest rate swaps accounted for as cash flow hedges | 4,984 | 7,220 |
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3 Inputs) | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale | 0 | 0 |
Interest rate swaps accounted for as cash flow hedges | 0 | 0 |
Fair Value, Measurements, Recurring | U.S. Treasury | Fair Value | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale | 1,887,810 | 373,437 |
Fair Value, Measurements, Recurring | U.S. Treasury | Quoted Prices in Active Markets for Identical Assets and Liabilities (Level 1 Inputs) | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale | 0 | 0 |
Fair Value, Measurements, Recurring | U.S. Treasury | Quoted Prices for Similar Assets and Liabilities (Level 2 Inputs) | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale | 1,887,810 | 373,437 |
Fair Value, Measurements, Recurring | U.S. Treasury | Significant Unobservable Inputs (Level 3 Inputs) | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale | 0 | 0 |
Fair Value, Measurements, Recurring | Government Agency | Fair Value | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale | 1,129,653 | 2,544,229 |
Fair Value, Measurements, Recurring | Government Agency | Quoted Prices in Active Markets for Identical Assets and Liabilities (Level 1 Inputs) | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale | 0 | 0 |
Fair Value, Measurements, Recurring | Government Agency | Quoted Prices for Similar Assets and Liabilities (Level 2 Inputs) | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale | 1,129,653 | 2,544,229 |
Fair Value, Measurements, Recurring | Government Agency | Significant Unobservable Inputs (Level 3 Inputs) | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale | 0 | 0 |
Fair Value, Measurements, Recurring | Mortgage Backed Securities, Other [Member] | Fair Value | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale | 2,577,465 | 2,446,873 |
Fair Value, Measurements, Recurring | Mortgage Backed Securities, Other [Member] | Quoted Prices in Active Markets for Identical Assets and Liabilities (Level 1 Inputs) | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale | 0 | 0 |
Fair Value, Measurements, Recurring | Mortgage Backed Securities, Other [Member] | Quoted Prices for Similar Assets and Liabilities (Level 2 Inputs) | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale | 2,577,465 | 2,446,873 |
Fair Value, Measurements, Recurring | Mortgage Backed Securities, Other [Member] | Significant Unobservable Inputs (Level 3 Inputs) | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale | 0 | 0 |
Fair Value, Measurements, Recurring | Other Debt Obligations | Fair Value | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale | 23,012 | 830 |
Fair Value, Measurements, Recurring | Other Debt Obligations | Quoted Prices in Active Markets for Identical Assets and Liabilities (Level 1 Inputs) | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale | 0 | 0 |
Fair Value, Measurements, Recurring | Other Debt Obligations | Quoted Prices for Similar Assets and Liabilities (Level 2 Inputs) | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale | 23,012 | 830 |
Fair Value, Measurements, Recurring | Other Debt Obligations | Significant Unobservable Inputs (Level 3 Inputs) | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale | 0 | 0 |
Fair Value, Measurements, Recurring | Equity Securities | Fair Value | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale | 30,028 | 22,147 |
Fair Value, Measurements, Recurring | Equity Securities | Quoted Prices in Active Markets for Identical Assets and Liabilities (Level 1 Inputs) | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale | 0 | 0 |
Fair Value, Measurements, Recurring | Equity Securities | Quoted Prices for Similar Assets and Liabilities (Level 2 Inputs) | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale | 30,028 | 22,147 |
Fair Value, Measurements, Recurring | Equity Securities | Significant Unobservable Inputs (Level 3 Inputs) | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale | 0 | 0 |
Fair Value, Measurements, Recurring | State, County, Municipal | Fair Value | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale | 126 | 187 |
Fair Value, Measurements, Recurring | State, County, Municipal | Quoted Prices in Active Markets for Identical Assets and Liabilities (Level 1 Inputs) | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale | 0 | 0 |
Fair Value, Measurements, Recurring | State, County, Municipal | Quoted Prices for Similar Assets and Liabilities (Level 2 Inputs) | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale | 126 | 187 |
Fair Value, Measurements, Recurring | State, County, Municipal | Significant Unobservable Inputs (Level 3 Inputs) | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale | $0 | $0 |
Estimated_Fair_Values_Assets_A1
Estimated Fair Values (Assets And Liabilities Carried At Fair Value On A Nonrecurring Basis) (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | |
In Thousands, unless otherwise specified | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | |
Other Real Estate, Non Covered | $43,186 | [1] | $36,898 | $40,338 | $43,513 |
Other Real Estate, Covered | 29,272 | 47,081 | 58,769 | 102,577 | |
Fair Value, Measurements, Nonrecurring | Fair Value | ' | ' | ' | ' | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | |
Loans held for sale | 26,975 | 29,389 | ' | ' | |
Impaired loans not covered by loss share agreements | 74,216 | 77,817 | ' | ' | |
Other Real Estate, Non Covered | 31,332 | 20,526 | ' | ' | |
Other Real Estate, Covered | 24,003 | 37,587 | ' | ' | |
Fair Value, Measurements, Nonrecurring | Quoted Prices in Active Markets for Identical Assets and Liabilities (Level 1 Inputs) | ' | ' | ' | ' | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | |
Loans held for sale | 0 | 0 | ' | ' | |
Impaired loans not covered by loss share agreements | 0 | 0 | ' | ' | |
Other Real Estate, Non Covered | 0 | 0 | ' | ' | |
Other Real Estate, Covered | 0 | 0 | ' | ' | |
Fair Value, Measurements, Nonrecurring | Quoted Prices for Similar Assets and Liabilities (Level 2 Inputs) | ' | ' | ' | ' | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | |
Loans held for sale | 26,975 | 29,389 | ' | ' | |
Impaired loans not covered by loss share agreements | 0 | 0 | ' | ' | |
Other Real Estate, Non Covered | 0 | 0 | ' | ' | |
Other Real Estate, Covered | 0 | 0 | ' | ' | |
Fair Value, Measurements, Nonrecurring | Significant Unobservable Inputs (Level 3 Inputs) | ' | ' | ' | ' | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | |
Loans held for sale | 0 | 0 | ' | ' | |
Impaired loans not covered by loss share agreements | 74,216 | 77,817 | ' | ' | |
Other Real Estate, Non Covered | 31,332 | 20,526 | ' | ' | |
Other Real Estate, Covered | $24,003 | $37,587 | ' | ' | |
[1] | Noncovered additions include $11.6 million from the 1st Financial merger. |
Employee_Benefit_Plans_Compone
Employee Benefit Plans (Components Of Pension Expense) (Details) (Defined Benefit Pension, USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Defined Benefit Pension | ' | ' | ' | ' |
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ' | ' | ' | ' |
Service cost | $3,081 | $3,765 | $9,247 | $12,248 |
Interest cost | 6,402 | 5,460 | 19,209 | 17,764 |
Expected return on assets | -7,296 | -6,393 | -23,448 | -20,798 |
Amortization of prior service cost | 53 | 53 | 158 | 158 |
Amortization of net actuarial loss | 769 | 4,245 | 3,861 | 12,738 |
Total pension expense | $3,009 | $7,130 | $9,027 | $22,110 |
Employee_Benefit_Plans_Narrati
Employee Benefit Plans (Narrative) (Details) (Defined Benefit Pension) | 9 Months Ended | 12 Months Ended |
Sep. 30, 2014 | Dec. 31, 2013 | |
Defined Benefit Pension | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Assumed discount rate (percent) | 4.90% | 4.00% |
Expected long-term rate of return on plan assets (percent) | 7.50% | 7.25% |
Assumed rate of salary increases (percent) | 4.00% | 4.00% |
Commitments_and_Contingencies_
Commitments and Contingencies (Details) (USD $) | Sep. 30, 2014 | Jun. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Sep. 30, 2014 | Dec. 31, 2013 |
Commitments to Extend Credit | Commitments to Extend Credit | Standby Letters of Credit | Standby Letters of Credit | Recourse Obligation on Mortgage Loans Sold | Obligation to Repurchase Receivables Sold | Obligation to Repurchase Receivables Sold | |||||||
Guarantor Obligations [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Unused Commitments to Extend Credit | ' | ' | ' | ' | ' | ' | $6,190,000,000 | $5,840,000,000 | ' | ' | ' | ' | ' |
Guarantor obligations amount | ' | ' | ' | ' | ' | ' | ' | ' | 59,800,000 | 54,800,000 | ' | ' | ' |
Reserve for estimated losses arising from repurchase of loans | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,900,000 | 3,600,000 |
FDIC Indemnification Asset | 45,140,000 | 49,959,000 | 93,397,000 | 100,553,000 | 158,013,000 | 270,192,000 | ' | ' | ' | ' | ' | ' | ' |
Recourse Period, Maximum1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '120 days | ' | ' |
FDIC loss share payable | $116,924,000 | ' | $109,378,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Derivatives_Narrative_Details
Derivatives (Narrative) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||||
In Millions, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Dec. 31, 2013 |
2011 Interest Rate Swap | 2011 Interest Rate Swap | |||||
Derivative [Line Items] | ' | ' | ' | ' | ' | ' |
Notional amount of interest rate derivatives | ' | ' | ' | ' | $93.50 | ' |
Fixed rate payments, interest rate | ' | ' | ' | ' | 5.50% | 5.50% |
Variable rate payment rate | ' | ' | ' | ' | 1.75% | 1.75% |
Fair value of collateral pledged to secure interest rate contracts | 7 | ' | 7 | ' | ' | ' |
Incremental interest expense paid to interest rate swap counterparties | $0.80 | $0.80 | $2.50 | $2.50 | ' | ' |
Derivatives_Schedule_Of_Intere
Derivatives (Schedule Of Interest Rate Swaps) (Details) (2011 Interest Rate Swap, USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
2011 Interest Rate Swap | ' | ' |
Derivative [Line Items] | ' | ' |
Estimated fair value of liability | $4,984 | $7,220 |
Derivative, Notional Amount | $93,500 | $93,500 |
Accumulated_Other_Comprehensiv2
Accumulated Other Comprehensive Loss (Schedule Of Accumulated Other Comprehensive Income) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||||||||||||||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Dec. 31, 2012 | ||||||||
Accumulated Other Comprehensive Income (Loss), before Tax | ($3,173) | ' | ($3,173) | ' | ' | ($41,434) | ' | ' | ||||||||
Deferred tax expense (benefit) | -1,315 | ' | -1,315 | ' | ' | -16,166 | ' | ' | ||||||||
Accumulated other comprehensive income (loss), net of tax | -1,858 | -95,545 | -1,858 | -95,545 | 4,057 | -25,268 | -100,176 | -82,106 | ||||||||
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | -503 | -2,237 | -2,456 | -7,468 | ' | ' | ' | ' | ||||||||
Reclassification adjustment for gains included in income before income taxes | 822 | 4,298 | 4,019 | 12,896 | ' | ' | ' | ' | ||||||||
Unrealized Gains on Investment Securities Available for Sale | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||
Accumulated Other Comprehensive Income (Loss), before Tax | 15,374 | ' | 15,374 | ' | ' | -16,632 | ' | ' | ||||||||
Deferred tax expense (benefit) | 5,884 | ' | 5,884 | ' | ' | -6,541 | ' | ' | ||||||||
Accumulated other comprehensive income (loss), net of tax | 9,490 | [1] | -1,824 | [1] | 9,490 | [1] | -1,824 | [1] | 16,490 | [1] | -10,091 | [1] | -4,117 | [1] | 20,517 | [1] |
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] | ' | ' | ' | ' | ||||
Funded Status of Defined Benefit Plan | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||
Accumulated Other Comprehensive Income (Loss), before Tax | -13,563 | ' | -13,563 | ' | ' | -17,582 | ' | ' | ||||||||
Deferred tax expense (benefit) | -5,276 | ' | -5,276 | ' | ' | -6,839 | ' | ' | ||||||||
Accumulated other comprehensive income (loss), net of tax | -8,287 | [1] | -88,863 | [1] | -8,287 | [1] | -88,863 | [1] | -8,790 | [1] | -10,743 | [1] | -91,100 | [1] | -96,331 | [1] |
Income taxes | 319 | 2,061 | 1,563 | 5,428 | ' | ' | ' | ' | ||||||||
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | -503 | [1] | -2,237 | [1] | -2,456 | [1] | -7,468 | [1] | ' | ' | ' | ' | ||||
Employee Benefits, prior service costs | -53 | -53 | -158 | -158 | ' | ' | ' | ' | ||||||||
Reclassification adjustment for gains included in income before income taxes | -769 | -4,245 | -3,861 | -12,738 | ' | ' | ' | ' | ||||||||
Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, before Tax | -822 | -4,298 | -4,019 | -12,896 | ' | ' | ' | ' | ||||||||
Unrealized Loss on Cash Flow Hedges | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||
Accumulated Other Comprehensive Income (Loss), before Tax | -4,984 | ' | -4,984 | ' | ' | -7,220 | ' | ' | ||||||||
Deferred tax expense (benefit) | -1,923 | ' | -1,923 | ' | ' | -2,786 | ' | ' | ||||||||
Accumulated other comprehensive income (loss), net of tax | -3,061 | [1] | -4,858 | [1] | -3,061 | [1] | -4,858 | [1] | -3,643 | [1] | -4,434 | [1] | -4,959 | [1] | -6,292 | [1] |
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | $0 | [1] | $0 | [1] | $0 | [1] | $0 | [1] | ' | ' | ' | ' | ||||
[1] | All amounts are net of tax. |
Accumulated_Other_Comprehensiv3
Accumulated Other Comprehensive Loss (Components of AOCI) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||||||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' | ' | ||||
Beginning balance | $4,057 | ($100,176) | ($25,268) | ($82,106) | ||||
Other comprehensive (loss) income before reclassifications | -6,418 | 2,394 | 20,954 | -20,907 | ||||
Amounts reclassified from accumulated other comprehensive income (loss) | 503 | 2,237 | 2,456 | 7,468 | ||||
Net current period other comprehensive (loss) income | -5,915 | 4,631 | 23,410 | -13,439 | ||||
Ending balance | -1,858 | -95,545 | -1,858 | -95,545 | ||||
Unrealized Loss on Cash Flow Hedges | ' | ' | ' | ' | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' | ' | ||||
Beginning balance | -3,643 | [1] | -4,959 | [1] | -4,434 | [1] | -6,292 | [1] |
Other comprehensive (loss) income before reclassifications | 582 | [1] | 101 | [1] | 1,373 | [1] | 1,434 | [1] |
Amounts reclassified from accumulated other comprehensive income (loss) | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] |
Net current period other comprehensive (loss) income | 582 | [1] | 101 | [1] | 1,373 | [1] | 1,434 | [1] |
Ending balance | -3,061 | [1] | -4,858 | [1] | -3,061 | [1] | -4,858 | [1] |
Unrealized Gains on Investment Securities Available for Sale | ' | ' | ' | ' | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' | ' | ||||
Beginning balance | 16,490 | [1] | -4,117 | [1] | -10,091 | [1] | 20,517 | [1] |
Other comprehensive (loss) income before reclassifications | -7,000 | [1] | 2,293 | [1] | 19,581 | [1] | -22,341 | [1] |
Amounts reclassified from accumulated other comprehensive income (loss) | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] |
Net current period other comprehensive (loss) income | -7,000 | [1] | 2,293 | [1] | 19,581 | [1] | -22,341 | [1] |
Ending balance | 9,490 | [1] | -1,824 | [1] | 9,490 | [1] | -1,824 | [1] |
Defined Benefit Pension Items | ' | ' | ' | ' | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' | ' | ||||
Beginning balance | -8,790 | [1] | -91,100 | [1] | -10,743 | [1] | -96,331 | [1] |
Other comprehensive (loss) income before reclassifications | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] |
Amounts reclassified from accumulated other comprehensive income (loss) | 503 | [1] | 2,237 | [1] | 2,456 | [1] | 7,468 | [1] |
Net current period other comprehensive (loss) income | 503 | [1] | 2,237 | [1] | 2,456 | [1] | 7,468 | [1] |
Ending balance | ($8,287) | [1] | ($88,863) | [1] | ($8,287) | [1] | ($88,863) | [1] |
[1] | All amounts are net of tax. |
Accumulated_Other_Comprehensiv4
Accumulated Other Comprehensive Loss (Reclassifications out of AOCI) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||||||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | ||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ' | ' | ' | ' | ||||
Reclassification adjustment for gains included in income before income taxes | $822 | $4,298 | $4,019 | $12,896 | ||||
Amounts reclassified from accumulated other comprehensive income, net of tax | 503 | 2,237 | 2,456 | 7,468 | ||||
Unrealized Loss on Cash Flow Hedges | ' | ' | ' | ' | ||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ' | ' | ' | ' | ||||
Amounts reclassified from accumulated other comprehensive income, net of tax | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] |
Unrealized Gains on Investment Securities Available for Sale | ' | ' | ' | ' | ||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ' | ' | ' | ' | ||||
Amounts reclassified from accumulated other comprehensive income, net of tax | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] |
Defined Benefit Pension Items | ' | ' | ' | ' | ||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ' | ' | ' | ' | ||||
Employee Benefits, prior service costs | -53 | -53 | -158 | -158 | ||||
Reclassification adjustment for gains included in income before income taxes | -769 | -4,245 | -3,861 | -12,738 | ||||
Total before taxes | -822 | -4,298 | -4,019 | -12,896 | ||||
Income taxes | 319 | 2,061 | 1,563 | 5,428 | ||||
Amounts reclassified from accumulated other comprehensive income, net of tax | $503 | [1] | $2,237 | [1] | $2,456 | [1] | $7,468 | [1] |
[1] | All amounts are net of tax. |
Subsequent_Events_Details
Subsequent Events (Details) (USD $) | 9 Months Ended |
Sep. 30, 2014 | |
Shares and Cash | ' |
Subsequent Event [Line Items] | ' |
Business Acquisition Equity Interests Issued or Issuable Cash Per Share | $50 |
Class A Common Stock | Shares and Cash | ' |
Subsequent Event [Line Items] | ' |
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares | 4 |
Class A Common Stock | Shares Only | ' |
Subsequent Event [Line Items] | ' |
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares | 3.58 |