Document_And_Entity_Informatio
Document And Entity Information | 3 Months Ended | |
Mar. 31, 2015 | 6-May-15 | |
Entity Registrant Name | FIRST CITIZENS BANCSHARES INC /DE/ | |
Entity Central Index Key | 798941 | |
Current Fiscal Year End Date | -19 | |
Entity Filer Category | Large Accelerated Filer | |
Document Type | 10-Q | |
Document Period End Date | 31-Mar-15 | |
Document Fiscal Year Focus | 2015 | |
Document Fiscal Period Focus | Q1 | |
Amendment Flag | FALSE | |
Class A Common Stock | ||
Entity Common Stock, Shares Outstanding | 11,005,220 | |
Class B Common Stock | ||
Entity Common Stock, Shares Outstanding | 1,005,185 |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Assets | ||
Cash and due from banks | $495,901 | $604,182 |
Overnight investments | 2,458,923 | 1,724,919 |
Investment securities available for sale | 7,045,109 | 7,171,917 |
Investment securities held to maturity | 441 | 518 |
Loans held for sale | 66,508 | 63,696 |
Less allowance for loan and lease losses | -205,553 | -204,466 |
Net loans and leases | 18,886,204 | 18,564,999 |
Loans and Leases Receivable, Gross | 19,091,757 | 18,769,465 |
Premises and equipment | 1,116,293 | 1,125,081 |
Other real estate owned: | ||
Other Real Estate, Covered | 17,302 | 22,982 |
Other Real Estate, Non Covered | 72,690 | 70,454 |
Income earned not collected | 63,165 | 57,254 |
FDIC Indemnification Asset | 21,340 | 28,701 |
Goodwill | 139,773 | 139,773 |
Other intangible assets | 101,904 | 106,610 |
Other assets | 368,096 | 394,027 |
Total assets | 30,853,649 | 30,075,113 |
Liabilities | ||
Noninterest-bearing | 8,484,192 | 8,086,784 |
Interest-bearing | 17,816,638 | 17,591,793 |
Total deposits | 26,300,830 | 25,678,577 |
Short-term borrowings | 941,850 | 987,184 |
Long-term obligations | 468,180 | 351,320 |
FDIC loss share payable | 118,645 | 116,535 |
Other liabilities | 258,767 | 253,903 |
Total liabilities | 28,088,272 | 27,387,519 |
Shareholders' Equity | ||
Surplus | 658,918 | 658,918 |
Retained earnings | 2,129,860 | 2,069,647 |
Accumulated other comprehensive loss | -35,411 | -52,981 |
Total shareholders' equity | 2,765,377 | 2,687,594 |
Total liabilities and shareholders' equity | 30,853,649 | 30,075,113 |
Class A Common Stock | ||
Shareholders' Equity | ||
Common stock | 11,005 | 11,005 |
Class B Common Stock | ||
Shareholders' Equity | ||
Common stock | $1,005 | $1,005 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parenthetical) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
Class A Common Stock | ||
Common stock, par value (in dollars per share) | $1 | $1 |
Common stock, shared authorized | 16,000,000 | 16,000,000 |
Common stock, shares issued | 11,005,220 | 11,005,220 |
Common stock, shares outstanding | 11,005,220 | 11,005,220 |
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 | 1,005,185 | 1,005,185 |
Common stock, shares outstanding | 1,005,185 | 1,005,185 |
Consolidated_Statements_of_Inc
Consolidated Statements of Income (USD $) | 3 Months Ended | |
In Thousands, except Share data, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
Interest income | ||
Loans and leases | $210,862 | $161,034 |
Investment securities: | ||
Total investment securities interest and dividend income | 19,310 | 11,748 |
Overnight investments | 1,338 | 612 |
Total interest income | 231,510 | 173,394 |
Interest expense | ||
Deposits | 5,629 | 6,825 |
Short-term borrowings | 1,934 | 585 |
Long-term obligations | 3,782 | 5,053 |
Total interest expense | 11,345 | 12,463 |
Net interest income | 220,165 | 160,931 |
Provision (credit) for loan and lease losses | 5,792 | -1,903 |
Net interest income after provision for loan and lease losses | 214,373 | 162,834 |
Noninterest income | ||
Gain on acquisition | 37,555 | 0 |
Cardholder services | 18,401 | 11,832 |
Merchant services | 18,880 | 13,521 |
Service charges on deposit accounts | 22,058 | 14,440 |
Wealth management services | 20,880 | 14,880 |
Fees and Commissions, Correspondent Clearing | 50 | 4,861 |
Securities gains (losses) | 5,126 | 0 |
Other service charges and fees | 5,455 | 3,944 |
Mortgage income | 4,549 | 955 |
Insurance commissions | 3,297 | 3,287 |
ATM income | 1,664 | 1,202 |
Adjustments for FDIC receivable for loss share agreements | -1,047 | -12,349 |
Other | 8,510 | 5,741 |
Total noninterest income | 145,378 | 62,314 |
Noninterest expense | ||
Salaries and wages | 106,543 | 79,353 |
Employee benefits | 30,146 | 20,100 |
Occupancy expense | 25,620 | 20,410 |
Equipment expense | 23,541 | 18,773 |
FDIC insurance expense | 4,271 | 2,636 |
Foreclosure-related expenses | 2,557 | 5,410 |
Merger-related expenses | 2,997 | 2,453 |
Other | 62,585 | 41,895 |
Total noninterest expense | 258,260 | 191,030 |
Income before income taxes | 101,491 | 34,118 |
Income taxes | 37,675 | 11,639 |
Net income | $63,816 | $22,479 |
Average shares outstanding (in shares) | 12,010,405 | 9,618,941 |
Net income per share | $5.31 | $2.34 |
Consolidated_Statement_of_Comp
Consolidated Statement of Comprehensive Income (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
Statement of Comprehensive Income [Abstract] | ||
Net income | $63,816 | $22,479 |
Unrealized gains and losses on securities: | ||
Change in unrealized securities gains (losses) arising during period | 30,415 | 11,899 |
Tax effect | -11,813 | -4,643 |
Reclassification adjustment for gains included in income before income taxes | 5,126 | 0 |
Tax effect | 1,977 | 0 |
Total change in unrealized gains and losses on securities, net of tax | 15,453 | 7,256 |
Change in fair value of cash flow hedges: | ||
Change in unrecognized loss on cash flow hedges | 576 | 719 |
Tax effect | -222 | -278 |
Total change in unrecognized loss on cash flow hedges, net of tax | 354 | 441 |
Change in pension obligation: | ||
Reclassification adjustment for losses included in income before income taxes | 2,886 | 1,599 |
Tax effect | -1,123 | -622 |
Total change in pension obligation, net of tax | 1,763 | 977 |
Net current period other comprehensive income | 17,570 | 8,674 |
Total comprehensive income | $81,386 | $31,153 |
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, 2013 | $2,071,462 | $8,586 | $1,033 | $143,766 | $1,943,345 | ($25,268) |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||
Net income | 22,479 | 0 | 0 | 0 | 22,479 | 0 |
Net current period other comprehensive income | 8,674 | 0 | 0 | 0 | 0 | 8,674 |
Cash dividends | -2,885 | 0 | 0 | 0 | -2,885 | 0 |
Ending balance at Mar. 31, 2014 | 2,099,730 | 8,586 | 1,033 | 143,766 | 1,962,939 | -16,594 |
Beginning balance at Dec. 31, 2014 | 2,687,594 | 11,005 | 1,005 | 658,918 | 2,069,647 | -52,981 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||
Net income | 63,816 | 0 | 0 | 0 | 0 | |
Net current period other comprehensive income | 17,570 | 0 | 0 | 0 | 0 | |
Cash dividends | -3,603 | 0 | 0 | 0 | -3,603 | 0 |
Ending balance at Mar. 31, 2015 | $2,765,377 | $11,005 | $1,005 | $658,918 | $2,129,860 | ($35,411) |
Consolidated_Statements_of_Cha1
Consolidated Statements of Changes In Shareholders' Equity (Parenthetical) (USD $) | 3 Months Ended | |
Mar. 31, 2015 | Mar. 31, 2014 | |
Statement of Stockholders' Equity [Abstract] | ||
Cash dividends (in dollars per share) | 0.3 | |
Class A Common Stock | ||
Statement of Stockholders' Equity [Abstract] | ||
Repurchase of common stock (in shares) | 0 | 0 |
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 $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
OPERATING ACTIVITIES | ||
Net income | $63,816 | $22,479 |
Adjustments to reconcile net income to cash provided by operating activities: | ||
Provision (credit) for loan and lease losses | 5,792 | -1,903 |
Deferred tax expense (benefit) | -10,203 | -4,960 |
Net change in current taxes | 13,310 | 40,710 |
Depreciation | 21,965 | 17,684 |
Increase (decrease) in accrued interest payable | 176 | -1,062 |
Net (increase) decrease in income earned not collected | -5,911 | -1,278 |
Gain on acquisition | 37,555 | 0 |
Securities (gains) losses | -5,126 | 0 |
Origination of loans held for sale | -126,547 | -67,862 |
Proceeds from sale of loans held for sale | 127,203 | 64,009 |
Gain on sale of loans | -3,468 | -1,054 |
Net writedowns/losses on other real estate | 1,978 | 3,441 |
Net amortization of premiums and discounts | -17,150 | -5,413 |
Amortization of intangible assets | 5,206 | 637 |
FDIC receivable for loss share agreements | 8,092 | 4,359 |
FDIC payable for loss share agreements | 2,110 | 1,961 |
Net change in other assets | 19,380 | -8,891 |
Net change in other liabilities | -336 | 225 |
Net cash provided by operating activities | 62,732 | 63,082 |
INVESTING ACTIVITIES | ||
Net change in loans outstanding | -168,341 | -4,788 |
Purchases of investment securities available for sale | -626,268 | -911,409 |
Proceeds from maturities of investment securities held to maturity | 77 | 125 |
Proceeds from maturities of investment securities available for sale | 330,500 | 866,803 |
Proceeds from sales of investment securities available for sale | 481,708 | 0 |
Net change in overnight investments | -734,004 | -302,145 |
Cash (paid to) received from the FDIC for loss share agreements | -5,762 | -3,490 |
Proceeds from sale of other real estate | 22,794 | 10,602 |
Additions to premises and equipment | -13,177 | -17,326 |
Business acquisition, net of cash acquired | 123,137 | 18,194 |
Net cash (used) provided by investing activities | -589,336 | -343,434 |
FINANCING ACTIVITIES | ||
Net change in time deposits | -189,906 | -51,268 |
Net change in demand and other interest-bearing deposits | 545,807 | 308,876 |
Net change in short-term borrowings | -50,835 | 35,970 |
Repayment of long-term obligations | -3,140 | -469 |
Origination of long-term obligations | 120,000 | 0 |
Cash dividends paid | -3,603 | -2,885 |
Net cash provided (used) by financing activities | 418,323 | 290,224 |
Change in cash and due from banks | -108,281 | 9,872 |
Cash and due from banks at beginning of period | 604,182 | 533,599 |
Cash and due from banks at end of period | 495,901 | 543,471 |
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES: | ||
Transfers of loans to other real estate | 21,300 | 4,832 |
Dividends Declared but not Paid | $3,603 | $2,885 |
Accounting_Policies_and_Basis_
Accounting Policies and Basis of Presentation | 3 Months Ended | |
Mar. 31, 2015 | ||
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 thereto 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, 2014. | ||
Reclassifications | ||
Prior period financial statements reflect the retrospective application of Accounting Standards Update ("ASU") 2014-01, Investments - Equity Method and Joint Ventures (Topic 323): Accounting for Investments Qualified Affordable Housing Projects which was adopted effective in the fourth quarter of 2014 and did not have a material impact on our consolidated financial condition or results of operations. In certain instances other than the retrospective adoption of ASU 2014-01, 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: | ||
• | Allowance for loan and lease losses | |
• | Fair value of financial instruments, including acquired assets and assumed liabilities | |
• | Pension plan assumptions | |
• | Cash flow estimates on purchased credit-impaired loans | |
• | Receivable from and payable to the FDIC for loss share agreements | |
• | Income tax assets, liabilities and expense | |
Recently Adopted Accounting Pronouncements | ||
Financial Accounting Standards Board (FASB) 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 were effective for public entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2014. We adopted this guidance effective in the first quarter of 2015. The initial adoption did not have any effect on our consolidated financial position or consolidated results of operations. | ||
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 were effective for fiscal years beginning after December 15, 2014. In addition, the disclosure for certain transactions accounted for as a sale was effective for the fiscal period beginning after December 15, 2014, the disclosures for transactions accounted for as secured borrowings were required to be presented for fiscal periods beginning after December 15, 2014, and interim periods beginning after March 15, 2015. We adopted the guidance effective in the first quarter of 2015. The initial adoption did not have any effect on our consolidated financial position or consolidated results of operations. The new disclosures required by this ASU are included in Note I. | ||
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 were effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2014. We adopted the guidance effective in the first quarter of 2015. The initial adoption did not have any effect on our consolidated financial position or consolidated results of operations. The new disclosures required by this ASU are included in Note F. | ||
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 (LIHTC) 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 ASC 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. | ||
BancShares early adopted the guidance effective in the fourth quarter of 2014. Previously, LIHTC investments were accounted for under the cost or equity method, and the amortization was recorded as a reduction to other noninterest income, with the tax credits and other benefits received recorded as a component of the provision for income taxes. BancShares believes the proportional amortization method better represents the economics of LIHTC investments and provides users with a better understanding of the returns from such investments than the cost or equity method. LIHTC investments were $65.3 million and $57.1 million at March 31, 2015 and December 31, 2014, respectively, included in "other assets" on the Consolidated Balance Sheets. | ||
The cumulative effect of the retrospective application of the change in amortization method was a $2.4 million decrease to both "other assets" and "retained earnings" on the Consolidated Balance Sheets as of January 1, 2012. Under the new amortization method of accounting, amortization expense is recognized in income tax expense in the Consolidated Statements of Income and is offset by the tax effect of tax losses and tax credits received from the investments. This change resulted in a reclassification of expense previously recorded as a reduction in other noninterest income to income tax expense along with additional amortization recognized under the new method of accounting in the Consolidated Statements of Income. An additional change resulting from the new amortization method of accounting was that a deferred tax asset or liability no longer exists as a result of these investments, thus in the retrospective application of the new method, the removal of the deferred tax asset previously reported as well as the additional amortization of the investments, both recorded in other assets, reflected in the Consolidated Balance Sheets were removed. We do not believe the impact of this change in accounting principle is material. | ||
Recently Issued Accounting Pronouncements | ||
FASB ASU 2015-03, Interest–Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs | ||
This ASU simplifies the presentation of debt issuance costs by requiring that debt issuance costs be presented in the balance sheet as a direct deduction from the carrying amount of debt liability, consistent with debt discounts or premiums. The recognition and measurement guidance for debt issuance costs are not affected by the amendments in this update. | ||
This ASU is effective for interim and annual periods beginning after December 15, 2015 for public companies, and is to be applied retrospectively. Early adoption is permitted. We will adopt the guidance effective in the first quarter of 2016. | ||
FASB ASU 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis | ||
This ASU improves targeted areas of consolidation guidance for reporting organizations that are required to evaluate whether they should consolidate certain legal entities. In addition to reducing the number of consolidation models from four to two, the new standard places more emphasis on risk of loss when determining a controlling financial interest, reducing the frequency of the application of related-party guidance when determining a controlling financial interest in a variable interest entity ("VIE"), and changing consolidation conclusions for public and private companies in several industries that typically make use of limited partnerships or VIEs. | ||
The amendments in this ASU are effective for periods beginning after December 15, 2015 for public companies. Early adoption is permitted. We will adopt the guidance effective in the first quarter of 2016 and do not anticipate any significant impact 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. |
Business_Combinations
Business Combinations | 3 Months Ended | ||||
Mar. 31, 2015 | |||||
Business Combinations [Abstract] | |||||
Business Combinations | NOTE B - BUSINESS COMBINATIONS | ||||
Capitol City Bank & Trust Company | |||||
On February 13, 2015, FCB entered into an agreement with the Federal Deposit Insurance Corporation ("FDIC"), as Receiver, to purchase certain assets and assume certain liabilities of Capitol City Bank & Trust Company ("CCBT") of Atlanta, Georgia. The acquisition expanded FCB's presence in Georgia as Capitol City Bank & Trust Company operated eight branch locations in Atlanta, Stone Mountain, Albany, Augusta and Savannah, Georgia. | |||||
The fair value of the assets acquired recorded was $206.6 million, including $149.3 million in loans and $500 thousand of identifiable intangible assets. Liabilities assumed were $272.5 million of which $266.4 million were deposits. As a result of the transaction, FCB recorded a gain on the acquisition of $37.6 million which is included in noninterest income on the Consolidated Statements of Income. | |||||
The CCBT transaction was accounted for under the acquisition method of accounting and, accordingly, assets acquired and liabilities assumed were recorded at their estimated fair values on the acquisition date. Fair values are preliminary and subject to refinement for up to one year after the closing date of the acquisition as additional information regarding closing date fair values becomes available. | |||||
The following table provides the identifiable assets acquired and liabilities assumed at their estimated fair values as of the acquisition date. | |||||
(Dollars in thousands) | As recorded by FCB | ||||
Assets | |||||
Cash and cash equivalents | $ | 19,622 | |||
Investment securities | 35,413 | ||||
Loans | 149,294 | ||||
Intangible assets | 500 | ||||
Other assets | 1,731 | ||||
Total assets acquired | 206,560 | ||||
Liabilities | |||||
Deposits | 266,352 | ||||
Short-term borrowings | 5,501 | ||||
Other liabilities | 667 | ||||
Total liabilities assumed | 272,520 | ||||
Fair value of net liabilities assumed | (65,960 | ) | |||
Cash received from FDIC | 103,515 | ||||
Gain on acquisition of CCBT | $ | 37,555 | |||
Merger-related expenses of $213 thousand were recorded in the Consolidated Statement of Income for the first quarter of 2015. Loan-related interest income generated from the CCBT was approximately $1.3 million since the acquisition date. | |||||
All loans resulting from the CCBT transaction were recognized upon acquisition date with a discount attributable, at least in part, to credit quality, and are therefore accounted for as purchased credit-impaired (PCI) loans under ASC 310-30. | |||||
First Citizens Bancorporation, Inc. and First Citizens Bank and Trust Company, 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. merged with and into FCB on January 1, 2015. | |||||
Under the terms of the Merger Agreement, each share of Bancorporation common stock was converted into the right to receive 4.00 shares of BancShares' Class A common stock and $50.00 cash, unless the holder elected 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. BancShares issued 2,586,762 Class A common shares at a fair value of $560.4 million and 18,202 Class B common shares at a fair value of $3.9 million to Bancorporation shareholders. Also, cash paid to Bancorporation shareholders was $30.4 million. At the time of the merger, Bancorporation owned 32,042 shares of common stock in Bancorporation with an approximate fair value of $29.6 million. The fair value of common stock owned by BancShares in Bancorporation was considered part of the purchase price, and the shares ceased to exist after completion of the merger. | |||||
The Bancorporation transaction was accounted for under the acquisition method of accounting and, accordingly, assets acquired and liabilities assumed were recorded at their estimated fair values on the acquisition date. Fair values are preliminary and subject to refinement for up to one year after the closing date of the acquisition. Assets acquired, excluding goodwill, totaled $8.28 billion, including $4.49 billion in loans and leases, $2.01 billion of investment securities available for sale, $1.28 billion in cash and overnight investments, and $109.4 million of identifiable intangible assets. Liabilities assumed were $7.66 billion, including $7.17 billion of deposits. Goodwill of $4.2 million was recorded as result of the excess purchase price over the estimated fair value of the net assets acquired. | |||||
The following unaudited pro forma financial information reflects the consolidated results of operations of BancShares. These results combine the historical results of Bancorporation in the BancShares' Consolidated Statements of Income and, while certain adjustments were made for the estimated impact of certain fair value adjustments and other acquisition-related activity, they are not indicative of what would have occurred had the acquisition taken place at the beginning of the period presented. The unaudited pro forma information has been presented for illustrative purposes only and is not necessarily indicative of the consolidated results of operations that would have been achieved or the future results of operations of BancShares. | |||||
Three months ended March 31 | |||||
(Dollars in thousands) | 2014 | ||||
Total revenue (interest income plus noninterest income) | $ | 323,524 | |||
Net income | $ | 37,230 | |||
Investments
Investments | 3 Months Ended | |||||||||||||||||||||||
Mar. 31, 2015 | ||||||||||||||||||||||||
Investments [Abstract] | ||||||||||||||||||||||||
Investments | INVESTMENTS | |||||||||||||||||||||||
The amortized cost and fair value of investment securities classified as available for sale and held to maturity at March 31, 2015 and December 31, 2014, are as follows: | ||||||||||||||||||||||||
March 31, 2015 | ||||||||||||||||||||||||
(Dollars in thousands) | Cost | Gross | Gross unrealized | Fair | ||||||||||||||||||||
unrealized | losses | value | ||||||||||||||||||||||
gains | ||||||||||||||||||||||||
Investment securities available for sale | ||||||||||||||||||||||||
U.S. Treasury | $ | 2,237,002 | $ | 9,966 | $ | 2 | $ | 2,246,966 | ||||||||||||||||
Government agency | 988,563 | 2,382 | 51 | 990,894 | ||||||||||||||||||||
Mortgage-backed securities | 3,785,912 | 27,006 | 5,669 | 3,807,249 | ||||||||||||||||||||
Total investment securities available for sale | $ | 7,011,477 | $ | 39,354 | $ | 5,722 | $ | 7,045,109 | ||||||||||||||||
December 31, 2014 | ||||||||||||||||||||||||
Cost | Gross | Gross unrealized | Fair | |||||||||||||||||||||
unrealized | losses | value | ||||||||||||||||||||||
gains | ||||||||||||||||||||||||
U.S. Treasury | $ | 2,626,900 | $ | 2,922 | $ | 152 | $ | 2,629,670 | ||||||||||||||||
Government agency | 908,362 | 702 | 247 | 908,817 | ||||||||||||||||||||
Mortgage-backed securities | 3,628,187 | 16,964 | 11,847 | 3,633,304 | ||||||||||||||||||||
Municipal securities | 125 | 1 | — | 126 | ||||||||||||||||||||
Total investment securities available for sale | $ | 7,163,574 | $ | 20,589 | $ | 12,246 | $ | 7,171,917 | ||||||||||||||||
March 31, 2015 | ||||||||||||||||||||||||
Cost | Gross | Gross unrealized | Fair | |||||||||||||||||||||
unrealized | losses | value | ||||||||||||||||||||||
gains | ||||||||||||||||||||||||
Investment securities held to maturity | ||||||||||||||||||||||||
Mortgage-backed securities | $ | 441 | $ | 18 | $ | — | $ | 459 | ||||||||||||||||
December 31, 2014 | ||||||||||||||||||||||||
Cost | Gross | Gross unrealized | Fair | |||||||||||||||||||||
unrealized | losses | value | ||||||||||||||||||||||
gains | ||||||||||||||||||||||||
Mortgage-backed securities | $ | 518 | $ | 26 | $ | — | $ | 544 | ||||||||||||||||
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. | ||||||||||||||||||||||||
March 31, 2015 | December 31, 2014 | |||||||||||||||||||||||
(Dollars in thousands) | Cost | Fair | Cost | Fair | ||||||||||||||||||||
value | value | |||||||||||||||||||||||
Investment securities available for sale | ||||||||||||||||||||||||
Non-amortizing securities maturing in: | ||||||||||||||||||||||||
One year or less | $ | 504,826 | $ | 505,182 | $ | 447,866 | $ | 447,992 | ||||||||||||||||
One through five years | 2,720,739 | 2,732,678 | 3,087,521 | 3,090,621 | ||||||||||||||||||||
Mortgage-backed securities | 3,785,912 | 3,807,249 | 3,628,187 | 3,633,304 | ||||||||||||||||||||
Total investment securities available for sale | $ | 7,011,477 | $ | 7,045,109 | $ | 7,163,574 | $ | 7,171,917 | ||||||||||||||||
Investment securities held to maturity | ||||||||||||||||||||||||
Mortgage-backed securities held to maturity | $ | 441 | $ | 459 | $ | 518 | $ | 544 | ||||||||||||||||
For each period presented, securities gains (losses) included the following: | ||||||||||||||||||||||||
Three months ended March 31 | ||||||||||||||||||||||||
(Dollars in thousands) | 2015 | 2014 | ||||||||||||||||||||||
Gross gains on sales of investment securities available for sale | $ | 5,135 | $ | — | ||||||||||||||||||||
Gross losses on sales of investment securities available for sale | (9 | ) | — | |||||||||||||||||||||
Total securities gains | $ | 5,126 | $ | — | ||||||||||||||||||||
The following table provides information regarding securities with unrealized losses as of March 31, 2015 and December 31, 2014. | ||||||||||||||||||||||||
March 31, 2015 | ||||||||||||||||||||||||
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 | $ | 13,024 | $ | 2 | $ | — | $ | — | $ | 13,024 | $ | 2 | ||||||||||||
Government agency | 69,660 | 51 | — | — | 69,660 | 51 | ||||||||||||||||||
Mortgage-backed securities | 562,616 | 1,645 | 317,685 | 4,024 | 880,301 | 5,669 | ||||||||||||||||||
Total | $ | 645,300 | $ | 1,698 | $ | 317,685 | $ | 4,024 | $ | 962,985 | $ | 5,722 | ||||||||||||
December 31, 2014 | ||||||||||||||||||||||||
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 | $ | 338,612 | $ | 151 | $ | 1,015 | $ | 1 | $ | 339,627 | $ | 152 | ||||||||||||
Government agency | 261,288 | 247 | — | — | 261,288 | 247 | ||||||||||||||||||
Mortgage-backed securities | 573,374 | 1,805 | 831,405 | 10,042 | 1,404,779 | 11,847 | ||||||||||||||||||
Total | $ | 1,173,274 | $ | 2,203 | $ | 832,420 | $ | 10,043 | $ | 2,005,694 | $ | 12,246 | ||||||||||||
Investment securities with an aggregate fair value of $317.7 million and $832.4 million had continuous unrealized losses for more than 12 months as of March 31, 2015 and December 31, 2014, with an aggregate unrealized loss of $4.0 million and $10.0 million, respectively. As of March 31, 2015, all 38 of these investments are government sponsored enterprise-issued mortgage-backed securities. None of the unrealized losses identified as of March 31, 2015 or December 31, 2014 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 $4.45 billion at March 31, 2015 and $4.37 billion at December 31, 2014 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 | 3 Months Ended | |||||||||||||||||||||||||||
Mar. 31, 2015 | ||||||||||||||||||||||||||||
Loans and Leases Receivable Disclosure [Abstract] | ||||||||||||||||||||||||||||
Loans and Leases | LOANS AND LEASES | |||||||||||||||||||||||||||
Loans and leases are evaluated at acquisition and where a discount is required at least in part due to credit quality, the nonrevolving loans are accounted for under the guidance in ASC Topic 310-30, Loans and Debt Securities Acquired with | ||||||||||||||||||||||||||||
Deteriorated Credit Quality. Loans for which it is probable at acquisition that all required payments will not be collected in accordance with contractual terms are considered PCI loans. PCI loans and leases are recorded at fair value at the date of acquisition. No allowance for loan and lease losses is recorded on the acquisition date as the fair value of the acquired assets | ||||||||||||||||||||||||||||
incorporates assumptions regarding credit risk. An allowance is recorded if there is additional credit deterioration after the acquisition date. Conversely, Non-PCI loans include originated commercial, originated noncommercial, purchased revolving, | ||||||||||||||||||||||||||||
and purchased non-impaired loans, or loans that do not have a discount, due at least in part, to credit quality at the time of | ||||||||||||||||||||||||||||
acquisition. All loans acquired in the CCBT acquisition are accounted for as PCI loans. | ||||||||||||||||||||||||||||
BancShares reports PCI and non-PCI 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 March 31, 2015 and December 31, 2014: | ||||||||||||||||||||||||||||
(Dollars in thousands) | March 31, 2015 | December 31, 2014 | ||||||||||||||||||||||||||
Non-PCI loans and leases: | ||||||||||||||||||||||||||||
Commercial: | ||||||||||||||||||||||||||||
Construction and land development | $ | 608,556 | $ | 550,568 | ||||||||||||||||||||||||
Commercial mortgage | 7,591,745 | 7,552,948 | ||||||||||||||||||||||||||
Other commercial real estate | 262,293 | 244,875 | ||||||||||||||||||||||||||
Commercial and industrial | 2,072,414 | 1,988,934 | ||||||||||||||||||||||||||
Lease financing | 603,737 | 571,916 | ||||||||||||||||||||||||||
Other | 354,713 | 353,833 | ||||||||||||||||||||||||||
Total commercial loans | 11,493,458 | 11,263,074 | ||||||||||||||||||||||||||
Noncommercial: | ||||||||||||||||||||||||||||
Residential mortgage | 2,524,549 | 2,520,542 | ||||||||||||||||||||||||||
Revolving mortgage | 2,528,257 | 2,561,800 | ||||||||||||||||||||||||||
Construction and land development | 170,208 | 120,097 | ||||||||||||||||||||||||||
Consumer | 1,127,942 | 1,117,454 | ||||||||||||||||||||||||||
Total noncommercial loans | 6,350,956 | 6,319,893 | ||||||||||||||||||||||||||
Total non-PCI loans and leases | 17,844,414 | 17,582,967 | ||||||||||||||||||||||||||
PCI loans: | ||||||||||||||||||||||||||||
Commercial: | ||||||||||||||||||||||||||||
Construction and land development | 70,049 | 78,079 | ||||||||||||||||||||||||||
Commercial mortgage | 653,846 | 577,518 | ||||||||||||||||||||||||||
Other commercial real estate | 40,841 | 40,193 | ||||||||||||||||||||||||||
Commercial and industrial | 24,134 | 27,254 | ||||||||||||||||||||||||||
Other | 2,886 | 3,079 | ||||||||||||||||||||||||||
Total commercial loans | 791,756 | 726,123 | ||||||||||||||||||||||||||
Noncommercial: | ||||||||||||||||||||||||||||
Residential mortgage | 380,490 | 382,340 | ||||||||||||||||||||||||||
Revolving mortgage | 70,363 | 74,109 | ||||||||||||||||||||||||||
Construction and land development | 874 | 912 | ||||||||||||||||||||||||||
Consumer | 3,860 | 3,014 | ||||||||||||||||||||||||||
Total noncommercial loans | 455,587 | 460,375 | ||||||||||||||||||||||||||
Total PCI loans | 1,247,343 | 1,186,498 | ||||||||||||||||||||||||||
Total loans and leases | $ | 19,091,757 | $ | 18,769,465 | ||||||||||||||||||||||||
At March 31, 2015, $3.25 billion in noncovered loans with a lendable collateral value of $2.30 billion are used to secure $290.3 million in Federal Home Loan Bank ("FHLB") of Atlanta advances, resulting in additional borrowing capacity of $2.01 billion. At December 31, 2014, $3.16 billion in noncovered loans with a lendable collateral value of $2.20 billion used to secure $240.3 million in FHLB of Atlanta advances, resulting additional borrowing capacity of $1.96 billion. | ||||||||||||||||||||||||||||
At March 31, 2015, $443.1 million of total loans and leases were covered under loss share agreements, compared to $485.3 million at December 31, 2014. At the beginning of the second 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"). Loan balances at March 31, 2015 for the expiring agreements from SAB and FRB were $43.2 million and $53.9 million, respectively. The loss share protection for Williamsburg First National Bank non-single family residential loans with a balance of $8.4 million at March 31, 2015 will expire at the beginning of the fourth quarter of 2015. | ||||||||||||||||||||||||||||
The unamortized discount related to the non-PCI loans and leases acquired in the Bancorporation merger totaled $55.7 million and $61.2 million at March 31, 2015 and December 31, 2014, respectively. | ||||||||||||||||||||||||||||
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. Commercial and noncommercial loans and leases have different credit quality indicators as a result of the unique characteristics of the loan segment being evaluated. The credit quality indicators for non-PCI and PCI 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 non-PCI and PCI noncommercial loans are based on the delinquency status of the borrower. As the borrower becomes more delinquent, the likelihood of loss increases. 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 not adversely classified because it does not display any of the characteristics for adverse 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 ungraded loans at March 31, 2015 and December 31, 2014 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 and other commercial real estate loans. | ||||||||||||||||||||||||||||
Non-PCI loans and leases outstanding at March 31, 2015 and December 31, 2014 by credit quality indicator are provided below: | ||||||||||||||||||||||||||||
March 31, 2015 | ||||||||||||||||||||||||||||
(Dollars in thousands) | Non-PCI commercial loans and leases | |||||||||||||||||||||||||||
Grade: | Construction  and land | Commercial | Other | Commercial and | Lease financing | Other | Total non-PCI commercial loans and leases | |||||||||||||||||||||
development | mortgage | commercial real estate | industrial | |||||||||||||||||||||||||
Pass | $ | 590,298 | $ | 7,341,243 | $ | 260,592 | $ | 1,931,078 | $ | 597,464 | $ | 350,060 | $ | 11,070,735 | ||||||||||||||
Special mention | 15,679 | 115,411 | 501 | 21,771 | 2,609 | 1,913 | 157,884 | |||||||||||||||||||||
Substandard | 2,291 | 131,672 | 1,049 | 8,806 | 3,284 | 2,690 | 149,792 | |||||||||||||||||||||
Doubtful | — | 2,039 | — | 4,402 | 329 | — | 6,770 | |||||||||||||||||||||
Ungraded | 288 | 1,380 | 151 | 106,357 | 51 | 50 | 108,277 | |||||||||||||||||||||
Total | $ | 608,556 | $ | 7,591,745 | $ | 262,293 | $ | 2,072,414 | $ | 603,737 | $ | 354,713 | $ | 11,493,458 | ||||||||||||||
December 31, 2014 | ||||||||||||||||||||||||||||
Non-PCI commercial loans and leases | ||||||||||||||||||||||||||||
Construction  and land | Commercial | Other | Commercial and | Lease financing | Other | Total non-PCI commercial loans and leases | ||||||||||||||||||||||
development | mortgage | commercial real estate | industrial | |||||||||||||||||||||||||
Pass | $ | 525,711 | $ | 7,284,714 | $ | 242,053 | $ | 1,859,415 | $ | 564,319 | $ | 349,111 | $ | 10,825,323 | ||||||||||||||
Special mention | 20,025 | 129,247 | 909 | 27,683 | 3,205 | 1,384 | 182,453 | |||||||||||||||||||||
Substandard | 4,720 | 134,677 | 1,765 | 8,878 | 3,955 | 3,338 | 157,333 | |||||||||||||||||||||
Doubtful | — | 2,366 | — | 164 | 365 | — | 2,895 | |||||||||||||||||||||
Ungraded | 112 | 1,944 | 148 | 92,794 | 72 | — | 95,070 | |||||||||||||||||||||
Total | $ | 550,568 | $ | 7,552,948 | $ | 244,875 | $ | 1,988,934 | $ | 571,916 | $ | 353,833 | $ | 11,263,074 | ||||||||||||||
March 31, 2015 | ||||||||||||||||||||||||||||
Non-PCI noncommercial loans and leases | ||||||||||||||||||||||||||||
(Dollars in thousands) | Residential | Revolving | Construction | Consumer | Total non-PCI noncommercial | |||||||||||||||||||||||
mortgage | mortgage | and land | loans and leases | |||||||||||||||||||||||||
development | ||||||||||||||||||||||||||||
Current | $ | 2,490,453 | $ | 2,510,879 | $ | 168,199 | $ | 1,121,123 | $ | 6,290,654 | ||||||||||||||||||
30-59 days past due | 21,844 | 10,288 | 2,009 | 4,236 | 38,377 | |||||||||||||||||||||||
60-89 days past due | 2,896 | 2,794 | — | 1,555 | 7,245 | |||||||||||||||||||||||
90 days or greater past due | 9,356 | 4,296 | — | 1,028 | 14,680 | |||||||||||||||||||||||
Total | $ | 2,524,549 | $ | 2,528,257 | $ | 170,208 | $ | 1,127,942 | $ | 6,350,956 | ||||||||||||||||||
December 31, 2014 | ||||||||||||||||||||||||||||
Non-PCI noncommercial loans and leases | ||||||||||||||||||||||||||||
Residential | Revolving | Construction | Consumer | Total non-PCI noncommercial | ||||||||||||||||||||||||
mortgage | mortgage | and land | loans and leases | |||||||||||||||||||||||||
development | ||||||||||||||||||||||||||||
Current | $ | 2,482,281 | $ | 2,542,807 | $ | 119,094 | $ | 1,110,153 | $ | 6,254,335 | ||||||||||||||||||
30-59 days past due | 23,288 | 11,097 | 370 | 4,577 | 39,332 | |||||||||||||||||||||||
60-89 days past due | 6,018 | 2,433 | 486 | 1,619 | 10,556 | |||||||||||||||||||||||
90 days or greater past due | 8,955 | 5,463 | 147 | 1,105 | 15,670 | |||||||||||||||||||||||
Total | $ | 2,520,542 | $ | 2,561,800 | $ | 120,097 | $ | 1,117,454 | $ | 6,319,893 | ||||||||||||||||||
PCI loans and leases outstanding at March 31, 2015 and December 31, 2014 by credit quality indicator are provided below: | ||||||||||||||||||||||||||||
March 31, 2015 | ||||||||||||||||||||||||||||
(Dollars in thousands) | PCI commercial loans | |||||||||||||||||||||||||||
Grade: | Construction | Commercial | Other | Commercial | Other | Total PCI commercial | ||||||||||||||||||||||
and land | mortgage | commercial | and | loans | ||||||||||||||||||||||||
development | real estate | industrial | ||||||||||||||||||||||||||
Pass | $ | 13,832 | $ | 333,368 | $ | 9,727 | $ | 13,525 | $ | 683 | $ | 371,135 | ||||||||||||||||
Special mention | 4,287 | 118,209 | 16,425 | 2,963 | — | 141,884 | ||||||||||||||||||||||
Substandard | 44,663 | 193,435 | 12,948 | 6,739 | 2,132 | 259,917 | ||||||||||||||||||||||
Doubtful | 4,656 | 8,456 | 1,741 | 513 | 71 | 15,437 | ||||||||||||||||||||||
Ungraded | 2,611 | 378 | — | 394 | — | 3,383 | ||||||||||||||||||||||
Total | $ | 70,049 | $ | 653,846 | $ | 40,841 | $ | 24,134 | $ | 2,886 | $ | 791,756 | ||||||||||||||||
December 31, 2014 | ||||||||||||||||||||||||||||
PCI commercial loans | ||||||||||||||||||||||||||||
Construction | Commercial | Other | Commercial | Other | Total PCI commercial | |||||||||||||||||||||||
and land | mortgage | commercial | and | loans | ||||||||||||||||||||||||
development | real estate | industrial | ||||||||||||||||||||||||||
Pass | $ | 13,514 | $ | 300,187 | $ | 11,033 | $ | 16,637 | $ | 801 | $ | 342,172 | ||||||||||||||||
Special mention | 6,063 | 98,724 | 16,271 | 4,137 | — | 125,195 | ||||||||||||||||||||||
Substandard | 53,739 | 171,920 | 12,889 | 6,312 | 2,278 | 247,138 | ||||||||||||||||||||||
Doubtful | 2,809 | 6,302 | — | 130 | — | 9,241 | ||||||||||||||||||||||
Ungraded | 1,954 | 385 | — | 38 | — | 2,377 | ||||||||||||||||||||||
Total | $ | 78,079 | $ | 577,518 | $ | 40,193 | $ | 27,254 | $ | 3,079 | $ | 726,123 | ||||||||||||||||
March 31, 2015 | ||||||||||||||||||||||||||||
PCI noncommercial loans | ||||||||||||||||||||||||||||
(Dollars in thousands) | Residential | Revolving | Construction | Consumer | Total PCI noncommercial | |||||||||||||||||||||||
mortgage | mortgage | and land | loans | |||||||||||||||||||||||||
development | ||||||||||||||||||||||||||||
Current | $ | 320,607 | $ | 63,579 | $ | 592 | $ | 3,571 | $ | 388,349 | ||||||||||||||||||
30-59 days past due | 18,742 | 2,800 | — | 130 | 21,672 | |||||||||||||||||||||||
60-89 days past due | 6,804 | 1,019 | — | 13 | 7,836 | |||||||||||||||||||||||
90 days or greater past due | 34,337 | 2,965 | 282 | 146 | 37,730 | |||||||||||||||||||||||
Total | $ | 380,490 | $ | 70,363 | $ | 874 | $ | 3,860 | $ | 455,587 | ||||||||||||||||||
December 31, 2014 | ||||||||||||||||||||||||||||
PCI noncommercial loans | ||||||||||||||||||||||||||||
Residential | Revolving | Construction | Consumer | Total PCI noncommercial | ||||||||||||||||||||||||
mortgage | mortgage | and land | loans | |||||||||||||||||||||||||
development | ||||||||||||||||||||||||||||
Current | $ | 326,589 | $ | 68,548 | $ | 506 | $ | 2,582 | $ | 398,225 | ||||||||||||||||||
30-59 days past due | 11,432 | 1,405 | — | 147 | 12,984 | |||||||||||||||||||||||
60-89 days past due | 10,073 | 345 | — | 25 | 10,443 | |||||||||||||||||||||||
90 days or greater past due | 34,246 | 3,811 | 406 | 260 | 38,723 | |||||||||||||||||||||||
Total | $ | 382,340 | $ | 74,109 | $ | 912 | $ | 3,014 | $ | 460,375 | ||||||||||||||||||
The aging of the outstanding non-PCI loans and leases, by class, at March 31, 2015 and December 31, 2014 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. | ||||||||||||||||||||||||||||
March 31, 2015 | ||||||||||||||||||||||||||||
(Dollars in thousands) | 30-59Â days | 60-89Â days | 90 days or greater | Total past | Current | Total loans | ||||||||||||||||||||||
past due | past due | due | and leases | |||||||||||||||||||||||||
Non-PCI loans and leases: | ||||||||||||||||||||||||||||
Construction and land development - commercial | $ | 2,709 | $ | 712 | $ | 1,044 | $ | 4,465 | $ | 604,091 | $ | 608,556 | ||||||||||||||||
Commercial mortgage | 22,635 | 5,920 | 8,445 | 37,000 | 7,554,745 | 7,591,745 | ||||||||||||||||||||||
Other commercial real estate | 583 | 58 | 196 | 837 | 261,456 | 262,293 | ||||||||||||||||||||||
Commercial and industrial | 6,290 | 1,724 | 570 | 8,584 | 2,063,830 | 2,072,414 | ||||||||||||||||||||||
Lease financing | 476 | 11 | — | 487 | 603,250 | 603,737 | ||||||||||||||||||||||
Residential mortgage | 21,844 | 2,896 | 9,356 | 34,096 | 2,490,453 | 2,524,549 | ||||||||||||||||||||||
Revolving mortgage | 10,288 | 2,794 | 4,296 | 17,378 | 2,510,879 | 2,528,257 | ||||||||||||||||||||||
Construction and land development - noncommercial | 2,009 | — | — | 2,009 | 168,199 | 170,208 | ||||||||||||||||||||||
Consumer | 4,236 | 1,555 | 1,028 | 6,819 | 1,121,123 | 1,127,942 | ||||||||||||||||||||||
Other | 380 | 65 | 133 | 578 | 354,135 | 354,713 | ||||||||||||||||||||||
Total non-PCI loans and leases | $ | 71,450 | $ | 15,735 | $ | 25,068 | $ | 112,253 | $ | 17,732,161 | $ | 17,844,414 | ||||||||||||||||
December 31, 2014 | ||||||||||||||||||||||||||||
30-59Â days | 60-89Â days | 90 days or greater | Total past | Current | Total loans | |||||||||||||||||||||||
past due | past due | due | and leases | |||||||||||||||||||||||||
Non-PCI loans and leases: | ||||||||||||||||||||||||||||
Construction and land development - commercial | $ | 1,796 | $ | 621 | $ | 385 | $ | 2,802 | $ | 547,766 | $ | 550,568 | ||||||||||||||||
Commercial mortgage | 11,367 | 4,782 | 8,061 | 24,210 | 7,528,738 | 7,552,948 | ||||||||||||||||||||||
Other commercial real estate | 206 | 70 | 102 | 378 | 244,497 | 244,875 | ||||||||||||||||||||||
Commercial and industrial | 2,843 | 1,545 | 378 | 4,766 | 1,984,168 | 1,988,934 | ||||||||||||||||||||||
Lease financing | 1,631 | 8 | 2 | 1,641 | 570,275 | 571,916 | ||||||||||||||||||||||
Residential mortgage | 23,288 | 6,018 | 8,955 | 38,261 | 2,482,281 | 2,520,542 | ||||||||||||||||||||||
Revolving mortgage | 11,097 | 2,433 | 5,463 | 18,993 | 2,542,807 | 2,561,800 | ||||||||||||||||||||||
Construction and land development - noncommercial | 370 | 486 | 147 | 1,003 | 119,094 | 120,097 | ||||||||||||||||||||||
Consumer | 4,577 | 1,619 | 1,105 | 7,301 | 1,110,153 | 1,117,454 | ||||||||||||||||||||||
Other | 146 | 1,966 | — | 2,112 | 351,721 | 353,833 | ||||||||||||||||||||||
Total non-PCI loans and leases | $ | 57,321 | $ | 19,548 | $ | 24,598 | $ | 101,467 | $ | 17,481,500 | $ | 17,582,967 | ||||||||||||||||
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 March 31, 2015 and December 31, 2014 for non-PCI loans, were as follows: | ||||||||||||||||||||||||||||
March 31, 2015 | December 31, 2014 | |||||||||||||||||||||||||||
(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 | |||||||||||||||||||||||||||
Non-PCI loans and leases: | ||||||||||||||||||||||||||||
Construction and land development - commercial | $ | 1,497 | $ | 202 | $ | 343 | $ | 111 | ||||||||||||||||||||
Commercial mortgage | 26,058 | 764 | 24,720 | 1,003 | ||||||||||||||||||||||||
Other commercial real estate | 650 | — | 619 | 35 | ||||||||||||||||||||||||
Commercial and industrial | 5,691 | 294 | 1,741 | 239 | ||||||||||||||||||||||||
Lease financing | 346 | — | 374 | 2 | ||||||||||||||||||||||||
Residential mortgage | 19,238 | 1,153 | 14,242 | 3,191 | ||||||||||||||||||||||||
Revolving mortgage | 9,837 | 19 | — | 5,463 | ||||||||||||||||||||||||
Construction and land development - noncommercial | — | — | — | 147 | ||||||||||||||||||||||||
Consumer | 677 | 626 | — | 1,059 | ||||||||||||||||||||||||
Other | 2,052 | 31 | 1,966 | — | ||||||||||||||||||||||||
Total non-PCI loans and leases | $ | 66,046 | $ | 3,089 | $ | 44,005 | $ | 11,250 | ||||||||||||||||||||
Purchased credit-impaired loans (PCI) loans | ||||||||||||||||||||||||||||
The following table relates to PCI loans acquired in the CCBT acquisition and summarizes the contractually required payments, which include principal and interest, expected cash flows to be collected, and the fair value of PCI loans and leases at the acquisition date. | ||||||||||||||||||||||||||||
(Dollars in thousands) | ||||||||||||||||||||||||||||
Contractually required payments | $ | 251,800 | ||||||||||||||||||||||||||
Cash flows expected to be collected | $ | 204,480 | ||||||||||||||||||||||||||
Fair value of loans at acquisition | $ | 149,294 | ||||||||||||||||||||||||||
The recorded fair values of PCI loans acquired in the CCBT acquisition as of the acquisition date are as follows: | ||||||||||||||||||||||||||||
(Dollars in thousands) | ||||||||||||||||||||||||||||
Commercial: | ||||||||||||||||||||||||||||
Construction and land development | $ | 4,221 | ||||||||||||||||||||||||||
Commercial mortgage | 125,202 | |||||||||||||||||||||||||||
Other commercial real estate | 3,132 | |||||||||||||||||||||||||||
Commercial and industrial | 3,049 | |||||||||||||||||||||||||||
Total commercial loans | 135,604 | |||||||||||||||||||||||||||
Noncommercial: | ||||||||||||||||||||||||||||
Residential mortgage | 12,050 | |||||||||||||||||||||||||||
Consumer | 1,640 | |||||||||||||||||||||||||||
Total noncommercial loans | 13,690 | |||||||||||||||||||||||||||
Total PCI loans and leases | $ | 149,294 | ||||||||||||||||||||||||||
The following table provides changes in the carrying value of all purchased credit-impaired loans during the three months ended March 31, 2015 and March 31, 2014: | ||||||||||||||||||||||||||||
(Dollars in thousands) | 2015 | 2014 | ||||||||||||||||||||||||||
Balance at January 1 | $ | 1,186,498 | $ | 1,029,426 | ||||||||||||||||||||||||
Fair value of acquired loans | 149,294 | 316,327 | ||||||||||||||||||||||||||
Accretion | 25,067 | 30,200 | ||||||||||||||||||||||||||
Payments received and other changes, net | (113,516 | ) | (105,135 | ) | ||||||||||||||||||||||||
Balance at March 31 | $ | 1,247,343 | $ | 1,270,818 | ||||||||||||||||||||||||
Unpaid principal balance at March 31 | $ | 2,092,936 | $ | 1,727,492 | ||||||||||||||||||||||||
The carrying value of loans on the cost recovery method was $13.0 million at March 31, 2015 and $33.4 million at December 31, 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 ultimate disposition of the asset. | ||||||||||||||||||||||||||||
For PCI loans, improved cash flow estimates and receipt of unscheduled loan payments result in the reclassification of nonaccretable difference to accretable yield. Accretable yield resulting from the improved ability to estimate future cash flows generally does not represent amounts previously identified as nonaccretable difference. | ||||||||||||||||||||||||||||
The following table documents changes to the amount of accretable yield for the first three months of 2015 and 2014. | ||||||||||||||||||||||||||||
(Dollars in thousands) | 2015 | 2014 | ||||||||||||||||||||||||||
Balance at January 1 | $ | 418,160 | $ | 439,990 | ||||||||||||||||||||||||
Additions from acquisitions | 55,186 | 84,295 | ||||||||||||||||||||||||||
Accretion | (25,067 | ) | (30,200 | ) | ||||||||||||||||||||||||
Reclassifications from nonaccretable difference | 1,294 | 6,048 | ||||||||||||||||||||||||||
Changes in expected cash flows that do not affect nonaccretable difference | (27,287 | ) | (9,888 | ) | ||||||||||||||||||||||||
Balance at March 31 | $ | 422,286 | $ | 490,245 | ||||||||||||||||||||||||
Allowance_for_Loan_and_Lease_L
Allowance for Loan and Lease Losses | 3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||
Mar. 31, 2015 | ||||||||||||||||||||||||||||||||||||||||||||
Allowance for Loan and Lease Losses, Adjustments, Net [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||
Allowance | ALLOWANCE FOR LOAN AND LEASE LOSSES ("ALLL") | |||||||||||||||||||||||||||||||||||||||||||
The following tables present the activity in the ALLL for non-PCI loan and lease losses by loan class for the three months ended March 31, 2015 and March 31, 2014: | ||||||||||||||||||||||||||||||||||||||||||||
Three months ended March 31, 2015 | ||||||||||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | Construction | Commercial | Other commercial real estate | Commercial | Lease | Other | Residential | Revolving | Construction | Consumer | Total | |||||||||||||||||||||||||||||||||
and land | mortgage | and industrial | financing | mortgage | mortgage | and land | ||||||||||||||||||||||||||||||||||||||
development | development | |||||||||||||||||||||||||||||||||||||||||||
-Â commercial | -Â non- | |||||||||||||||||||||||||||||||||||||||||||
commercial | ||||||||||||||||||||||||||||||||||||||||||||
Non-PCI Loans | ||||||||||||||||||||||||||||||||||||||||||||
Allowance for loan and lease losses: | ||||||||||||||||||||||||||||||||||||||||||||
Balance at January 1 | $ | 11,961 | $ | 85,189 | $ | 732 | $ | 30,727 | $ | 4,286 | $ | 3,184 | $ | 10,661 | $ | 18,650 | $ | 892 | $ | 16,555 | $ | 182,837 | ||||||||||||||||||||||
Provision | 1,103 | (3,679 | ) | 458 | 7,546 | 11 | (218 | ) | 813 | (462 | ) | 118 | 2,966 | 8,656 | ||||||||||||||||||||||||||||||
Charge-offs | (18 | ) | (233 | ) | (169 | ) | (1,713 | ) | (15 | ) | — | (284 | ) | (793 | ) | (22 | ) | (2,783 | ) | (6,030 | ) | |||||||||||||||||||||||
Recoveries | 62 | 761 | 10 | 394 | 11 | 15 | 138 | 134 | 68 | 878 | 2,471 | |||||||||||||||||||||||||||||||||
Balance at March 31 | $ | 13,108 | $ | 82,038 | $ | 1,031 | $ | 36,954 | $ | 4,293 | $ | 2,981 | $ | 11,328 | $ | 17,529 | $ | 1,056 | $ | 17,616 | $ | 187,934 | ||||||||||||||||||||||
Three months ended March 31, 2014 | ||||||||||||||||||||||||||||||||||||||||||||
Construction | Commercial | Other commercial real estate | Commercial | Lease | Other | Residential | Revolving | Construction | Consumer | Total | ||||||||||||||||||||||||||||||||||
and land | mortgage | and industrial | financing | mortgage | mortgage | and land | ||||||||||||||||||||||||||||||||||||||
development | development | |||||||||||||||||||||||||||||||||||||||||||
-Â commercial | -Â 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 | 1,885 | (6,979 | ) | (74 | ) | 1,976 | (524 | ) | 272 | 609 | 1,353 | 577 | 1,275 | 370 | ||||||||||||||||||||||||||||||
Charge-offs | — | (168 | ) | — | (496 | ) | (58 | ) | (8 | ) | (184 | ) | (1,260 | ) | (71 | ) | (2,177 | ) | (4,422 | ) | ||||||||||||||||||||||||
Recoveries | 26 | 1,107 | 10 | 179 | 16 | — | 8 | 76 | 62 | 643 | 2,127 | |||||||||||||||||||||||||||||||||
Balance at March 31 | $ | 12,246 | $ | 94,217 | $ | 945 | $ | 24,021 | $ | 4,183 | $ | 454 | $ | 10,944 | $ | 16,408 | $ | 1,249 | $ | 13,282 | $ | 177,949 | ||||||||||||||||||||||
The commercial mortgage loan class had a net provision credit of $3.7 million for the three months ended March 31, 2015, compared to a net provision credit of $7.0 million for the same period of 2014. The decrease in the net provision credit was primarily due to loan growth in the first quarter of 2015 compared to a decline in loans in the first quarter of 2014. This loan class continues to experience credit quality improvement, which drives the credit in provision. | ||||||||||||||||||||||||||||||||||||||||||||
The provision expense for commercial and industrial loans totaled $7.5 million for the three months ended March 31, 2015, compared to $2.0 million for the same period of 2014. Loan growth of $83.5 million since December 31, 2014 was the primary reason for the increase in provision expense. | ||||||||||||||||||||||||||||||||||||||||||||
The revolving mortgage loan class had a net provision credit of $0.5 million for the three months ended March 31, 2015, compared to provision expense of $1.4 million for the three months ended March 31, 2014. The decrease was due to lower charge-offs and lower credit default trends within the loan class. | ||||||||||||||||||||||||||||||||||||||||||||
The provision for consumer loans totaled $3.0 million and $1.3 million for the three months ended March 31, 2015 and March 31, 2014, respectively. The increase in provision expense was primarily due to loan growth in the first quarter of 2015 compared to a decline in loans in the first quarter of 2014. | ||||||||||||||||||||||||||||||||||||||||||||
The following tables present the allowance for non-PCI loan losses and the recorded investment in loans, by loan class, based on impairment method as of March 31, 2015 and December 31, 2014: | ||||||||||||||||||||||||||||||||||||||||||||
March 31, 2015 | ||||||||||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | Construction | Commercial | Other | Commercial and industrial | Lease | Other | Residential | Revolving | Construction | Consumer | Total | |||||||||||||||||||||||||||||||||
and land | mortgage | commercial | financing | mortgage | mortgage | and land | ||||||||||||||||||||||||||||||||||||||
development | real estate | development | ||||||||||||||||||||||||||||||||||||||||||
-Â commercial | -Â non-commercial | |||||||||||||||||||||||||||||||||||||||||||
Allowance for loan and lease losses: | ||||||||||||||||||||||||||||||||||||||||||||
ALLL for loans and leases individually evaluated for impairment | $ | 182 | $ | 7,494 | $ | 104 | $ | 2,809 | $ | 236 | $ | 1,955 | $ | 1,177 | $ | 108 | $ | 90 | $ | 531 | $ | 14,686 | ||||||||||||||||||||||
ALLL for loans and leases collectively evaluated for impairment | 12,926 | 74,544 | 927 | 34,145 | 4,057 | 1,026 | 10,151 | 17,421 | 966 | 17,085 | 173,248 | |||||||||||||||||||||||||||||||||
Total allowance for loan and lease losses | $ | 13,108 | $ | 82,038 | $ | 1,031 | $ | 36,954 | $ | 4,293 | $ | 2,981 | $ | 11,328 | $ | 17,529 | $ | 1,056 | $ | 17,616 | $ | 187,934 | ||||||||||||||||||||||
Loans and leases: | ||||||||||||||||||||||||||||||||||||||||||||
Loans and leases individually evaluated for impairment | $ | 2,972 | $ | 77,291 | $ | 543 | $ | 13,969 | $ | 1,492 | $ | 1,977 | $ | 15,195 | $ | 2,922 | $ | 733 | $ | 984 | $ | 118,078 | ||||||||||||||||||||||
Loans and leases collectively evaluated for impairment | 605,584 | 7,514,454 | 261,750 | 2,058,445 | 602,245 | 352,736 | 2,509,354 | 2,525,335 | 169,475 | 1,126,958 | 17,726,336 | |||||||||||||||||||||||||||||||||
Total loan and leases | $ | 608,556 | $ | 7,591,745 | $ | 262,293 | $ | 2,072,414 | $ | 603,737 | $ | 354,713 | $ | 2,524,549 | $ | 2,528,257 | $ | 170,208 | $ | 1,127,942 | $ | 17,844,414 | ||||||||||||||||||||||
December 31, 2014 | ||||||||||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | Construction | Commercial | Other | Commercial and industrial | Lease | Other | Residential | Revolving | Construction | Consumer | Total | |||||||||||||||||||||||||||||||||
and land | mortgage | commercial | financing | mortgage | mortgage | and land | ||||||||||||||||||||||||||||||||||||||
development | real estate | development | ||||||||||||||||||||||||||||||||||||||||||
-Â commercial | -Â non-commercial | |||||||||||||||||||||||||||||||||||||||||||
Allowance for loan and lease losses: | ||||||||||||||||||||||||||||||||||||||||||||
ALLL for loans and leases individually evaluated for impairment | $ | 92 | $ | 8,610 | $ | 112 | $ | 1,743 | $ | 150 | $ | 1,972 | $ | 1,360 | $ | 1,052 | $ | 71 | $ | 555 | $ | 15,717 | ||||||||||||||||||||||
ALLL for loans and leases collectively evaluated for impairment | 11,869 | 76,579 | 620 | 28,984 | 4,136 | 1,212 | 9,301 | 17,598 | 821 | 16,000 | 167,120 | |||||||||||||||||||||||||||||||||
Total allowance for loan and lease losses | $ | 11,961 | $ | 85,189 | $ | 732 | $ | 30,727 | $ | 4,286 | $ | 3,184 | $ | 10,661 | $ | 18,650 | $ | 892 | $ | 16,555 | $ | 182,837 | ||||||||||||||||||||||
Loans and leases: | ||||||||||||||||||||||||||||||||||||||||||||
Loans and leases individually evaluated for impairment | $ | 1,620 | $ | 82,803 | $ | 584 | $ | 11,040 | $ | 623 | $ | 2,000 | $ | 14,913 | $ | 3,675 | $ | 1,340 | $ | 995 | $ | 119,593 | ||||||||||||||||||||||
Loans and leases collectively evaluated for impairment | 548,948 | 7,470,145 | 244,291 | 1,977,894 | 571,293 | 351,833 | 2,505,629 | 2,558,125 | 118,757 | 1,116,459 | 17,463,374 | |||||||||||||||||||||||||||||||||
Total loan and leases | $ | 550,568 | $ | 7,552,948 | $ | 244,875 | $ | 1,988,934 | $ | 571,916 | $ | 353,833 | $ | 2,520,542 | $ | 2,561,800 | $ | 120,097 | $ | 1,117,454 | $ | 17,582,967 | ||||||||||||||||||||||
The following tables show the activity in the allowance for PCI loan and lease losses by loan class for the three months ended March 31, 2015 and March 31, 2014. | ||||||||||||||||||||||||||||||||||||||||||||
Three months ended March 31, 2015 | ||||||||||||||||||||||||||||||||||||||||||||
(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 | |||||||||||||||||||||||||||||||||||||||||||
PCI Loans | ||||||||||||||||||||||||||||||||||||||||||||
Allowance for loan and lease losses: | ||||||||||||||||||||||||||||||||||||||||||||
Balance at January 1 | $ | 150 | $ | 10,135 | $ | 75 | $ | 1,240 | $ | 5,820 | $ | 3,999 | $ | 183 | $ | 27 | $ | 21,629 | ||||||||||||||||||||||||||
Provision | 191 | (925 | ) | 119 | (1,031 | ) | (863 | ) | (655 | ) | (152 | ) | 452 | (2,864 | ) | |||||||||||||||||||||||||||||
Charge-offs | — | (334 | ) | — | (198 | ) | (85 | ) | (73 | ) | — | (456 | ) | (1,146 | ) | |||||||||||||||||||||||||||||
Recoveries | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||
Balance at March 31 | $ | 341 | $ | 8,876 | $ | 194 | $ | 11 | $ | 4,872 | $ | 3,271 | $ | 31 | $ | 23 | $ | 17,619 | ||||||||||||||||||||||||||
Three months ended March 31, 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 | 3,355 | (3,386 | ) | (150 | ) | (336 | ) | (2,300 | ) | 634 | (99 | ) | 9 | (2,273 | ) | |||||||||||||||||||||||||||||
Charge-offs | (199 | ) | (3,517 | ) | — | (2,683 | ) | 262 | (100 | ) | — | (17 | ) | (6,254 | ) | |||||||||||||||||||||||||||||
Recoveries | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||
Balance at March 31 | $ | 4,476 | $ | 23,003 | $ | 1,204 | $ | 2,256 | $ | 9,764 | $ | 3,493 | $ | 583 | $ | 214 | $ | 44,993 | ||||||||||||||||||||||||||
The following tables show the ending balances of PCI loans and leases and related allowance by class of loans as of March 31, 2015 and December 31, 2014: | ||||||||||||||||||||||||||||||||||||||||||||
March 31, 2015 | ||||||||||||||||||||||||||||||||||||||||||||
(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 | $ | 341 | $ | 8,876 | $ | 194 | $ | 11 | $ | 4,872 | $ | 3,271 | $ | 31 | $ | 23 | $ | 17,619 | ||||||||||||||||||||||||||
Loans and leases acquired with deteriorated credit quality | 70,049 | 653,846 | 40,841 | 24,134 | 380,490 | 70,363 | 874 | 6,746 | 1,247,343 | |||||||||||||||||||||||||||||||||||
December 31, 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 | $ | 150 | $ | 10,135 | $ | 75 | $ | 1,240 | $ | 5,820 | $ | 3,999 | $ | 183 | $ | 27 | $ | 21,629 | ||||||||||||||||||||||||||
Loans and leases acquired with deteriorated credit quality | 78,079 | 577,518 | 40,193 | 27,254 | 382,339 | 74,109 | 912 | 6,094 | 1,186,498 | |||||||||||||||||||||||||||||||||||
As of March 31, 2015, and December 31, 2014, $438.2 million and $285.6 million, respectively, in PCI loans experienced an adverse change in expected cash flows since the date of acquisition. The corresponding valuation reserve was $17.6 million and $21.6 million, respectively. | ||||||||||||||||||||||||||||||||||||||||||||
The following tables provide information on non-PCI impaired loans and leases, exclusive of loans and leases evaluated collectively as a homogenous group, as of March 31, 2015 and December 31, 2014 including interest income recognized in the period during which the loans and leases were considered impaired. | ||||||||||||||||||||||||||||||||||||||||||||
March 31, 2015 | ||||||||||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | With a | With no | Total | Unpaid | Related | |||||||||||||||||||||||||||||||||||||||
recorded | recorded | principal | allowance | |||||||||||||||||||||||||||||||||||||||||
allowance | allowance | balance | recorded | |||||||||||||||||||||||||||||||||||||||||
Non-PCI impaired loans and leases: | ||||||||||||||||||||||||||||||||||||||||||||
Construction and land development - commercial | $ | 2,114 | $ | 858 | $ | 2,972 | $ | 4,228 | $ | 182 | ||||||||||||||||||||||||||||||||||
Commercial mortgage | 53,220 | 24,071 | 77,291 | 81,826 | 7,494 | |||||||||||||||||||||||||||||||||||||||
Other commercial real estate | 104 | 439 | 543 | 847 | 104 | |||||||||||||||||||||||||||||||||||||||
Commercial and industrial | 13,123 | 846 | 13,969 | 14,939 | 2,809 | |||||||||||||||||||||||||||||||||||||||
Lease financing | 1,221 | 271 | 1,492 | 1,492 | 236 | |||||||||||||||||||||||||||||||||||||||
Other | 1,977 | — | 1,977 | 1,977 | 1,955 | |||||||||||||||||||||||||||||||||||||||
Residential mortgage | 8,662 | 6,533 | 15,195 | 15,852 | 1,177 | |||||||||||||||||||||||||||||||||||||||
Revolving mortgage | 1,439 | 1,483 | 2,922 | 3,925 | 108 | |||||||||||||||||||||||||||||||||||||||
Construction and land development - noncommercial | 733 | — | 733 | 733 | 90 | |||||||||||||||||||||||||||||||||||||||
Consumer | 904 | 80 | 984 | 1,004 | 531 | |||||||||||||||||||||||||||||||||||||||
Total non-PCI impaired loans and leases | $ | 83,497 | $ | 34,581 | $ | 118,078 | $ | 126,823 | $ | 14,686 | ||||||||||||||||||||||||||||||||||
December 31, 2014 | ||||||||||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | With a | With no | Total | Unpaid | Related | |||||||||||||||||||||||||||||||||||||||
recorded | recorded | principal | allowance | |||||||||||||||||||||||||||||||||||||||||
allowance | allowance | balance | recorded | |||||||||||||||||||||||||||||||||||||||||
Non-PCI impaired loans and leases: | ||||||||||||||||||||||||||||||||||||||||||||
Construction and land development - commercial | $ | 996 | $ | 624 | $ | 1,620 | $ | 6,945 | $ | 92 | ||||||||||||||||||||||||||||||||||
Commercial mortgage | 57,324 | 25,479 | 82,803 | 87,702 | 8,610 | |||||||||||||||||||||||||||||||||||||||
Other commercial real estate | 112 | 472 | 584 | 913 | 112 | |||||||||||||||||||||||||||||||||||||||
Commercial and industrial | 10,319 | 721 | 11,040 | 12,197 | 1,743 | |||||||||||||||||||||||||||||||||||||||
Lease financing | 319 | 304 | 623 | 623 | 150 | |||||||||||||||||||||||||||||||||||||||
Other | 2,000 | — | 2,000 | 2,000 | 1,972 | |||||||||||||||||||||||||||||||||||||||
Residential mortgage | 10,198 | 4,715 | 14,913 | 15,746 | 1,360 | |||||||||||||||||||||||||||||||||||||||
Revolving mortgage | 3,675 | — | 3,675 | 4,933 | 1,052 | |||||||||||||||||||||||||||||||||||||||
Construction and land development - noncommercial | 1,077 | 263 | 1,340 | 1,340 | 71 | |||||||||||||||||||||||||||||||||||||||
Consumer | 987 | 8 | 995 | 1,067 | 555 | |||||||||||||||||||||||||||||||||||||||
Total non-PCI impaired loans and leases | $ | 87,007 | $ | 32,586 | $ | 119,593 | $ | 133,466 | $ | 15,717 | ||||||||||||||||||||||||||||||||||
The following tables show the average non-PCI impaired loan balance and the interest income recognized by loan class for the three months ended March 31, 2015 and March 31, 2014: | ||||||||||||||||||||||||||||||||||||||||||||
Three months ended March 31, 2015 | Three months ended March 31, 2014 | |||||||||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | Average | Interest income recognized | Average | Interest income recognized | ||||||||||||||||||||||||||||||||||||||||
balance | balance | |||||||||||||||||||||||||||||||||||||||||||
Non-PCI impaired loans and leases: | ||||||||||||||||||||||||||||||||||||||||||||
Construction and land development - commercial | $ | 3,052 | $ | 35 | $ | 1,031 | $ | 15 | ||||||||||||||||||||||||||||||||||||
Commercial mortgage | 80,553 | 769 | 94,547 | 1,120 | ||||||||||||||||||||||||||||||||||||||||
Other commercial real estate | 551 | 1 | 1,796 | 21 | ||||||||||||||||||||||||||||||||||||||||
Commercial and industrial | 14,229 | 103 | 10,234 | 118 | ||||||||||||||||||||||||||||||||||||||||
Lease financing | 1,590 | 18 | 284 | 4 | ||||||||||||||||||||||||||||||||||||||||
Other | 1,990 | — | — | — | ||||||||||||||||||||||||||||||||||||||||
Residential mortgage | 15,364 | 125 | 16,482 | 174 | ||||||||||||||||||||||||||||||||||||||||
Revolving mortgage | 2,986 | 16 | 3,892 | 27 | ||||||||||||||||||||||||||||||||||||||||
Construction and land development - noncommercial | 658 | 7 | 2,322 | 29 | ||||||||||||||||||||||||||||||||||||||||
Consumer | 1,022 | 19 | 1,059 | 5 | ||||||||||||||||||||||||||||||||||||||||
Total non-PCI impaired loans and leases | $ | 121,995 | $ | 1,093 | $ | 131,647 | $ | 1,513 | ||||||||||||||||||||||||||||||||||||
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, excluding pooled loans, are not initially considered to be TDRs, but can be classified as such if a modification is made subsequent to acquisition. Subsequent modifications of a PCI loan accounted for in a pool that would otherwise meet the definition of a TDR is not reported, or accounted for, as a TDR since pooled PCI loans are excluded from the scope of TDR accounting. | ||||||||||||||||||||||||||||||||||||||||||||
The following table provides a summary of total TDRs by accrual status. | ||||||||||||||||||||||||||||||||||||||||||||
March 31, 2015 | December 31, 2014 | |||||||||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | Accruing | Â Nonaccruing | Â Total | Â Accruing | Â Nonaccruing | Â Total | ||||||||||||||||||||||||||||||||||||||
Commercial loans | ||||||||||||||||||||||||||||||||||||||||||||
Construction and land development - | $ | 3,425 | $ | 490 | $ | 3,915 | $ | 2,591 | $ | 446 | $ | 3,037 | ||||||||||||||||||||||||||||||||
commercial | ||||||||||||||||||||||||||||||||||||||||||||
Commercial mortgage | 88,889 | 11,326 | 100,215 | 92,184 | 8,937 | 101,121 | ||||||||||||||||||||||||||||||||||||||
Other commercial real estate | 2,123 | 423 | 2,546 | 2,374 | 449 | 2,823 | ||||||||||||||||||||||||||||||||||||||
Commercial and industrial | 9,248 | 4,768 | 14,016 | 9,864 | 664 | 10,528 | ||||||||||||||||||||||||||||||||||||||
Lease | 1,163 | 329 | 1,492 | 258 | 365 | 623 | ||||||||||||||||||||||||||||||||||||||
Other | — | — | — | 34 | — | 34 | ||||||||||||||||||||||||||||||||||||||
Total commercial TDRs | 104,848 | 17,336 | 122,184 | 107,305 | 10,861 | 118,166 | ||||||||||||||||||||||||||||||||||||||
Noncommercial | ||||||||||||||||||||||||||||||||||||||||||||
Residential | 23,060 | 5,097 | 28,157 | 22,597 | 4,655 | 27,252 | ||||||||||||||||||||||||||||||||||||||
Revolving mortgage | 1,871 | 1,112 | 2,983 | 3,675 | — | 3,675 | ||||||||||||||||||||||||||||||||||||||
Construction and land development - | 733 | — | 733 | 1,391 | — | 1,391 | ||||||||||||||||||||||||||||||||||||||
noncommercial | ||||||||||||||||||||||||||||||||||||||||||||
Consumer and other | 954 | 1,980 | 2,934 | 995 | — | 995 | ||||||||||||||||||||||||||||||||||||||
Total noncommercial TDRs | 26,618 | 8,189 | 34,807 | 28,658 | 4,655 | 33,313 | ||||||||||||||||||||||||||||||||||||||
Total TDRs | $ | 131,466 | $ | 25,525 | $ | 156,991 | $ | 135,963 | $ | 15,516 | $ | 151,479 | ||||||||||||||||||||||||||||||||
The majority of TDRs are included in the special mention, substandard or doubtful grading categories, which results in more elevated loss expectations when determining the expected cash flows that are used to determine the allowance for loan losses associated with these loans. 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. Further, TDRs over $500,000 and graded substandard or lower are evaluated individually for impairment through a review of collateral values. | ||||||||||||||||||||||||||||||||||||||||||||
The following table shows the accrual status of non-PCI and PCI TDRs. | ||||||||||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | March 31, 2015 | December 31, 2014 | ||||||||||||||||||||||||||||||||||||||||||
Accruing TDRs: | ||||||||||||||||||||||||||||||||||||||||||||
PCI | $ | 44,582 | $ | 44,647 | ||||||||||||||||||||||||||||||||||||||||
Non-PCI | 86,884 | 91,316 | ||||||||||||||||||||||||||||||||||||||||||
Total accruing TDRs | 131,466 | 135,963 | ||||||||||||||||||||||||||||||||||||||||||
Nonaccruing TDRs: | ||||||||||||||||||||||||||||||||||||||||||||
PCI | 1,999 | 2,225 | ||||||||||||||||||||||||||||||||||||||||||
Non-PCI | 23,526 | 13,291 | ||||||||||||||||||||||||||||||||||||||||||
Total nonaccruing TDRs | 25,525 | 15,516 | ||||||||||||||||||||||||||||||||||||||||||
All TDRs: | ||||||||||||||||||||||||||||||||||||||||||||
PCI | 46,581 | 46,872 | ||||||||||||||||||||||||||||||||||||||||||
Non-PCI | 110,410 | 104,607 | ||||||||||||||||||||||||||||||||||||||||||
Total TDRs | $ | 156,991 | $ | 151,479 | ||||||||||||||||||||||||||||||||||||||||
The following tables provide the types of TDRs made during the three months ended March 31, 2015 and March 31, 2014, as well as a summary of loans that were modified as a TDR during the twelve months ended March 31, 2015 and March 31, 2014 that subsequently defaulted during the three months ended March 31, 2015 and March 31, 2014. 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 March 31, 2015 | Three months ended March 31, 2014 | |||||||||||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||
Non-PCI loans and leases | ||||||||||||||||||||||||||||||||||||||||||||
Interest only period provided | ||||||||||||||||||||||||||||||||||||||||||||
Commercial mortgage | — | $ | — | — | $ | — | 4 | $ | 1,911 | 2 | $ | 410 | ||||||||||||||||||||||||||||||||
Commercial and industrial | 1 | 3,796 | 1 | 3,796 | 1 | 196 | — | — | ||||||||||||||||||||||||||||||||||||
Lease financing | — | — | — | — | 2 | 146 | — | — | ||||||||||||||||||||||||||||||||||||
Total interest only | 1 | 3,796 | 1 | 3,796 | 7 | 2,253 | 2 | 410 | ||||||||||||||||||||||||||||||||||||
Loan term extension | ||||||||||||||||||||||||||||||||||||||||||||
Construction and land development - commercial | 1 | 220 | 1 | 220 | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Commercial mortgage | 3 | 535 | — | — | 5 | 2,620 | — | — | ||||||||||||||||||||||||||||||||||||
Lease financing | — | — | — | — | 2 | 234 | — | — | ||||||||||||||||||||||||||||||||||||
Revolving mortgage | 1 | 10 | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Residential mortgage | — | — | — | — | 5 | 338 | — | — | ||||||||||||||||||||||||||||||||||||
Consumer | 1 | 5 | — | — | — | — | 1 | 41 | ||||||||||||||||||||||||||||||||||||
Total loan term extension | 6 | 770 | 1 | 220 | 12 | 3,192 | 1 | 41 | ||||||||||||||||||||||||||||||||||||
Below market interest rate | ||||||||||||||||||||||||||||||||||||||||||||
Construction and land development - commercial | 2 | 47 | — | — | 1 | 82 | — | — | ||||||||||||||||||||||||||||||||||||
Commercial mortgage | 9 | 3,541 | 2 | 733 | 12 | 4,677 | 1 | 449 | ||||||||||||||||||||||||||||||||||||
Commercial and industrial | 3 | 172 | — | — | 2 | 110 | — | — | ||||||||||||||||||||||||||||||||||||
Residential mortgage | 23 | 708 | 2 | 45 | 8 | 451 | 3 | 127 | ||||||||||||||||||||||||||||||||||||
Revolving mortgage | 2 | 18 | — | — | 5 | 278 | — | — | ||||||||||||||||||||||||||||||||||||
Construction and land development - noncommercial | 2 | 396 | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Consumer | 3 | 34 | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Other | 1 | 1,950 | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Total below market interest rate | 45 | 6,866 | 4 | 778 | 28 | 5,598 | 4 | 576 | ||||||||||||||||||||||||||||||||||||
Discharged from bankruptcy | ||||||||||||||||||||||||||||||||||||||||||||
Commercial mortgage | — | — | — | — | 1 | 1,003 | — | — | ||||||||||||||||||||||||||||||||||||
Residential mortgage | 2 | 68 | — | — | 7 | 708 | 2 | 288 | ||||||||||||||||||||||||||||||||||||
Revolving mortgage | 5 | 218 | 2 | 147 | 4 | 229 | — | — | ||||||||||||||||||||||||||||||||||||
Construction and land development-noncommercial | — | — | — | — | 1 | 62 | — | — | ||||||||||||||||||||||||||||||||||||
Consumer | — | — | — | — | 1 | 18 | — | — | ||||||||||||||||||||||||||||||||||||
Total discharged from bankruptcy | 7 | 286 | 2 | 147 | 14 | 2,020 | 2 | 288 | ||||||||||||||||||||||||||||||||||||
Total non-PCI restructurings | 59 | $ | 11,718 | 8 | $ | 4,941 | 61 | $ | 13,063 | 9 | $ | 1,315 | ||||||||||||||||||||||||||||||||
Three months ended March 31, 2015 | Three months ended March 31, 2014 | |||||||||||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||
PCI loans | ||||||||||||||||||||||||||||||||||||||||||||
Interest only period provided | ||||||||||||||||||||||||||||||||||||||||||||
Commercial mortgage | — | $ | — | — | $ | — | 2 | $ | 15,906 | 2 | $ | 15,906 | ||||||||||||||||||||||||||||||||
Total interest only | — | — | — | — | 2 | 15,906 | 2 | 15,906 | ||||||||||||||||||||||||||||||||||||
Loan term extension | ||||||||||||||||||||||||||||||||||||||||||||
Construction and land development - commercial | — | — | — | — | 1 | 281 | — | — | ||||||||||||||||||||||||||||||||||||
Total loan term extension | — | — | — | — | 1 | 281 | — | — | ||||||||||||||||||||||||||||||||||||
Below market interest rate | ||||||||||||||||||||||||||||||||||||||||||||
Construction and land development - commercial | — | — | — | — | 1 | 37 | — | — | ||||||||||||||||||||||||||||||||||||
Commercial mortgage | — | — | — | — | 4 | 5,439 | 1 | 47 | ||||||||||||||||||||||||||||||||||||
Commercial and industrial | — | — | 1 | 65 | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Residential mortgage | 7 | 470 | — | — | 1 | 102 | 1 | 436 | ||||||||||||||||||||||||||||||||||||
Total below market interest rate | 7 | 470 | 1 | 65 | 6 | 5,578 | 2 | 31,812 | ||||||||||||||||||||||||||||||||||||
Total PCI restructurings | 7 | $ | 470 | 1 | $ | 65 | 9 | $ | 21,765 | 4 | $ | 47,718 | ||||||||||||||||||||||||||||||||
For the three months ended March 31, 2015 and March 31, 2014, 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 | 3 Months Ended | |||||||||||
Mar. 31, 2015 | ||||||||||||
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 three months ended March 31, 2015 and March 31, 2014. | ||||||||||||
(Dollars in thousands) | Covered | Noncovered | Total | |||||||||
Balance at December 31, 2013 | $ | 47,081 | $ | 36,898 | $ | 83,979 | ||||||
Additions | 1,514 | 3,318 | 4,832 | |||||||||
Additions acquired in the 1st Financial merger | — | 11,591 | 11,591 | |||||||||
Sales | (4,512 | ) | (5,854 | ) | (10,366 | ) | ||||||
Writedowns | (2,228 | ) | (1,449 | ) | (3,677 | ) | ||||||
Balance at March 31, 2014 | $ | 41,855 | $ | 44,504 | $ | 86,359 | ||||||
Balance at December 31, 2014 | $ | 22,982 | $ | 70,454 | $ | 93,436 | ||||||
Additions | 4,244 | 17,084 | 21,328 | |||||||||
Sales | (8,970 | ) | (13,573 | ) | (22,543 | ) | ||||||
Writedowns | (954 | ) | (1,275 | ) | (2,229 | ) | ||||||
Balance at March 31, 2015 | $ | 17,302 | $ | 72,690 | $ | 89,992 | ||||||
At March 31, 2015 and December 31, 2014, BancShares had $23.2 million and $29.0 million, respectively, of foreclosed residential real estate property in OREO and $20.1 million and $24.8 million, respectively, in recorded investment in consumer mortgage loans collateralized by residential real estate property in the process of foreclosure. |
Receivable_from_FDIC_for_Loss_
Receivable from FDIC for Loss Share Agreements | 3 Months Ended | |||||||
Mar. 31, 2015 | ||||||||
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 periods ended March 31, 2015 and March 31, 2014. | ||||||||
Three months ended March 31 | ||||||||
(Dollars in thousands) | 2015 | 2014 | ||||||
Beginning balance | $ | 28,701 | $ | 93,397 | ||||
Amortization | (5,031 | ) | (17,744 | ) | ||||
Cash payments to FDIC | 5,762 | 3,490 | ||||||
Post-acquisition adjustments | (8,092 | ) | (4,359 | ) | ||||
Ending balance | $ | 21,340 | $ | 74,784 | ||||
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 L 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 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 ALLL 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 ALLL 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 ALLL 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 FRB and non-single family residential loans acquired from SAB will expire at the beginning of the second quarter of 2015. The loss share agreements for non-single family residential loans for Williamsburg First National Bank will expire at the beginning of the fourth quarter of 2015. |
Estimated_Fair_Values
Estimated Fair Values | 3 Months Ended | |||||||||||||||
Mar. 31, 2015 | ||||||||||||||||
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. | ||||||||||||||||
ASC 820, Fair Value Measurements and Disclosures, indicates that 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. | |||||||||||||||
Valuation adjustments, such as those pertaining to counterparty and BancShares' own credit quality and liquidity, may be necessary to ensure that assets and liabilities are recorded at fair value. Credit valuation adjustments are made when market pricing does not accurately reflect the counterparty's credit quality. As determined by BancShares management, liquidity valuation adjustments may be made to the fair value of certain assets to reflect the uncertainty in the pricing and trading of the instruments when we are unable to observe recent market transactions for identical or similar instruments. | ||||||||||||||||
BancShares management reviews any changes to its valuation methodologies to ensure they are appropriate and justified, and refines valuation methodologies as more market-based data becomes available. Transfers between levels of the fair value hierarchy are recognized at the end of the reporting period. | ||||||||||||||||
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. | ||||||||||||||||
Loans held for sale. Certain residential real estate loans are originated to be sold to investors, which are carried at fair value as BancShares elected the fair value option on loans held for sale in 2014. The fair value is based on quoted market prices for similar types of loans. Accordingly, the inputs used to calculate fair value of residential real estate loans held for sale are classified as level 2 inputs. | ||||||||||||||||
Net loans and leases (PCI and Non-PCI). 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. | ||||||||||||||||
Mortgage servicing rights. Mortgage servicing rights are carried at the lower of amortized cost or market and are, therefore, carried at fair value only when fair value is less than the asset cost. The fair value of mortgage servicing rights is performed using a pooling methodology. Similar loans are pooled together and a model that relies on discount rates, estimates of prepayment rates and the weighted average cost to service the loans is used to determine the fair value. The inputs used in the fair value measurement for mortgage servicing rights are considered level 3 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 if available. 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. | ||||||||||||||||
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 March 31, 2015 and December 31, 2014. 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) | March 31, 2015 | December 31, 2014 | ||||||||||||||
Carrying value | Fair value | Carrying value | Fair value | |||||||||||||
Cash and due from banks | $ | 495,901 | $ | 495,901 | $ | 604,182 | $ | 604,182 | ||||||||
Overnight investments | 2,458,923 | 2,458,923 | 1,724,919 | 1,724,919 | ||||||||||||
Investment securities available for sale | 7,045,109 | 7,045,109 | 7,171,917 | 7,171,917 | ||||||||||||
Investment securities held to maturity | 441 | 459 | 518 | 544 | ||||||||||||
Loans held for sale | 66,508 | 66,508 | 63,696 | 63,696 | ||||||||||||
Net loans and leases | 18,886,204 | 18,359,306 | 18,564,999 | 18,046,497 | ||||||||||||
Receivable from the FDIC for loss share agreements (1) | 21,340 | 14,407 | 28,701 | 18,218 | ||||||||||||
Income earned not collected | 63,165 | 63,165 | 57,254 | 57,254 | ||||||||||||
Federal Home Loan Bank stock | 30,291 | 30,291 | 39,113 | 39,113 | ||||||||||||
Preferred stock and other acquired financial assets | 13,689 | 14,688 | 13,689 | 14,708 | ||||||||||||
Mortgage servicing rights | 16,436 | 16,719 | 16,688 | 16,736 | ||||||||||||
Deposits | 26,300,830 | 25,718,225 | 25,678,577 | 25,164,683 | ||||||||||||
Short-term borrowings | 941,850 | 941,850 | 987,184 | 987,184 | ||||||||||||
Long-term obligations | 468,180 | 486,960 | 351,320 | 367,732 | ||||||||||||
Payable to the FDIC for loss share agreements | 118,645 | 126,113 | 116,535 | 122,168 | ||||||||||||
Accrued interest payable | 8,370 | 8,370 | 8,194 | 8,194 | ||||||||||||
Interest rate swap | 3,761 | 3,761 | 4,337 | 4,337 | ||||||||||||
(1) The fair value of the FDIC receivable excludes receivable related to accretable yield to be amortized in prospective periods. | ||||||||||||||||
Among BancShares’ assets and liabilities, investment securities available for sale, loans held 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 impaired loans, OREO, goodwill, which is periodically tested for impairment and mortgage servicing rights, which are carried at the lower of amortized cost or market. Non-impaired loans held for investment, deposits, short-term borrowings and long-term obligations are not reported at fair value. | ||||||||||||||||
For assets and liabilities carried at fair value on a recurring basis, the following table provides fair value information as of March 31, 2015 and December 31, 2014. | ||||||||||||||||
March 31, 2015 | ||||||||||||||||
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 | $ | 2,246,966 | $ | — | $ | 2,246,966 | $ | — | ||||||||
Government agency | 990,894 | — | 990,894 | — | ||||||||||||
Mortgage-backed securities | 3,807,249 | — | 3,807,249 | — | ||||||||||||
Total investment securities available for sale | 7,045,109 | — | 7,045,109 | — | ||||||||||||
Loans held for sale | 66,508 | — | 66,508 | — | ||||||||||||
Liabilities measured at fair value | ||||||||||||||||
Interest rate swaps accounted for as cash flow hedges | $ | 3,761 | $ | — | $ | 3,761 | $ | — | ||||||||
December 31, 2014 | ||||||||||||||||
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 | $ | 2,629,670 | $ | — | $ | 2,629,670 | $ | — | ||||||||
Government agency | 908,817 | — | 908,817 | — | ||||||||||||
Mortgage-backed securities | 3,633,304 | — | 3,633,304 | — | ||||||||||||
Municipal securities | 126 | — | 126 | — | ||||||||||||
Total investment securities available for sale | 7,171,917 | — | 7,171,917 | — | ||||||||||||
Loans held for sale | 63,696 | — | 63,696 | — | ||||||||||||
Liabilities measured at fair value | ||||||||||||||||
Interest rate swaps accounted for as cash flow hedges | $ | 4,337 | $ | — | $ | 4,337 | $ | — | ||||||||
There were no transfers between levels during the three months ended March 31, 2015. | ||||||||||||||||
Fair Value Option | ||||||||||||||||
Beginning in the fourth quarter of 2014, BancShares elected the fair value option for residential real estate loans held for sale. This election reduces certain timing differences in the Consolidated Statement of Income and better aligns with the management of the portfolio from a business perspective. | ||||||||||||||||
The following table summarizes the difference between the aggregate fair value and the aggregate unpaid principal balance for residential real estate loans held for sale measured at fair value as of March 31, 2015 and December 31, 2014. | ||||||||||||||||
March 31, 2015 | ||||||||||||||||
(Dollars in thousands) | Fair Value | Aggregate Unpaid Principal Balance | Difference | |||||||||||||
Loans held for sale | $ | 66,508 | $ | 65,378 | $ | 1,130 | ||||||||||
December 31, 2014 | ||||||||||||||||
Fair Value | Aggregate Unpaid Principal Balance | Difference | ||||||||||||||
Loans held for sale | $ | 63,696 | $ | 62,996 | $ | 700 | ||||||||||
No loans held for sale were 90 or more days past due or on nonaccrual status as of March 31, 2015 or December 31, 2014. | ||||||||||||||||
The changes in fair value for residential real estate loans held for sale for which we elected the fair value option are included in the table below for the three months ended March 31, 2015. | ||||||||||||||||
Three months ended March 31, 2015 | ||||||||||||||||
(Dollars in thousands) | Gains(Losses) From Fair Value Changes | |||||||||||||||
Loans held for sale | $ | 430 | ||||||||||||||
The changes in fair value in the table above are recorded as a component of mortgage income on the Consolidated Income Statement. | ||||||||||||||||
Certain other assets are adjusted to their fair value on a nonrecurring basis, including impaired loans, OREO, goodwill, which is periodically tested for impairment, and mortgage servicing rights, which are carried at the lower of amortized cost or market. 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 payment information at the individual loan level, discounted using the effective interest rate. The effective interest rates generally range between 2 and 16 percent. | ||||||||||||||||
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. | ||||||||||||||||
Mortgage servicing rights are carried at the lower of cost or market and are, therefore, carried at fair value only when fair value is less than the amortized asset cost. The fair value of mortgage servicing rights is performed using a pooling methodology. Similar loans are pooled together and a discounted cash flow model, which takes into consideration discount rates, prepayment rates, and the weighted average cost to service the loans, are used to determine the fair value. See Note H for further information on the discount rates, prepayment rates and the weighted average cost to service the loans. | ||||||||||||||||
For financial assets and liabilities carried at fair value on a nonrecurring basis, the following table provides fair value information as of March 31, 2015 and December 31, 2014. | ||||||||||||||||
March 31, 2015 | ||||||||||||||||
Fair value measurements using: | ||||||||||||||||
(Dollars in thousands) | Fair value | Level 1 inputs | Level 2 inputs | Level 3 inputs | ||||||||||||
Impaired loans | $ | 69,749 | $ | — | $ | — | $ | 69,749 | ||||||||
Other real estate not covered under loss share agreements remeasured during current year | 17,034 | — | — | 17,034 | ||||||||||||
Other real estate covered under loss share agreements remeasured during current year | 3,714 | — | — | 3,714 | ||||||||||||
Mortgage servicing rights | 14,225 | — | — | 14,225 | ||||||||||||
December 31, 2014 | ||||||||||||||||
Fair value measurements using: | ||||||||||||||||
Fair value | Level 1 inputs | Level 2 inputs | Level 3 inputs | |||||||||||||
Impaired loans | $ | 73,170 | $ | — | $ | — | $ | 73,170 | ||||||||
Other real estate not covered under loss share agreements remeasured during current year | 40,714 | — | — | 40,714 | ||||||||||||
Other real estate covered under loss share agreements remeasured during current year | 17,664 | — | — | 17,664 | ||||||||||||
Mortgage servicing rights | 13,562 | — | — | 13,562 | ||||||||||||
No financial liabilities were carried at fair value on a nonrecurring basis as of March 31, 2015 and December 31, 2014. |
Employee_Benefit_Plans
Employee Benefit Plans | 3 Months Ended | |||||||
Mar. 31, 2015 | ||||||||
General Discussion of Pension and Other Postretirement Benefits [Abstract] | ||||||||
Employee Benefit Plans | EMPLOYEE BENEFIT PLANS | |||||||
BancShares sponsors noncontributory defined benefit pension plans for its qualifying employees (BancShares Plan) and legacy Bancorporation employees (Bancorporation Plan). Net periodic benefit cost is a component of employee benefits expense. | ||||||||
BancShares Plan | ||||||||
For the three months ended March 31, 2015 and 2014, the components of net periodic benefit cost are as follows: | ||||||||
Three months ended March 31 | ||||||||
(Dollars in thousands) | 2015 | 2014 | ||||||
Service cost | $ | 3,600 | $ | 3,381 | ||||
Interest cost | 6,748 | 6,556 | ||||||
Expected return on assets | (8,295 | ) | (7,812 | ) | ||||
Amortization of prior service cost | 53 | 53 | ||||||
Amortization of net actuarial loss | 2,833 | 1,546 | ||||||
Net periodic benefit cost | $ | 4,939 | $ | 3,724 | ||||
Bancorporation Plan | ||||||||
For the three months ended March 31, 2015, the components of net periodic benefit cost are as follows: | ||||||||
Three months ended March 31 | ||||||||
(Dollars in thousands) | 2015 | |||||||
Service cost | $ | 933 | ||||||
Interest cost | 1,628 | |||||||
Expected return on assets | (2,869 | ) | ||||||
Amortization of prior service cost | — | |||||||
Amortization of net actuarial loss | — | |||||||
Net periodic benefit cost | $ | (308 | ) | |||||
No contributions were made during the three months ended March 31, 2015 to the BancShares or Bancorporation pension plans. BancShares does not expect to make any contributions to either of the defined benefit pension plans during the remainder of 2015. |
Commitments_and_Contingencies
Commitments and Contingencies | 3 Months Ended |
Mar. 31, 2015 | |
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 March 31, 2015, BancShares had unused commitments totaling $7.57 billion, compared to $7.19 billion at December 31, 2014. Total unfunded commitments relating to investments in affordable housing projects totaled $22.6 million and $16.8 million at March 31, 2015 and December 31, 2014, respectively, and are included in other liabilities on BancShares' Consolidated Balance Sheets. | |
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 March 31, 2015 and December 31, 2014, BancShares had standby letters of credit amounting to $75.0 million and $77.4 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 $3.1 million and $3.2 million as of March 31, 2015 and December 31, 2014, respectively, for estimated losses arising from these standard representation and warranty provisions. | |
BancShares has recorded a receivable from the FDIC totaling $21.3 million and $28.7 million as of March 31, 2015 and December 31, 2014, 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 five 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 March 31, 2015 and December 31, 2014, the estimated clawback liability was $118.6 million and $116.5 million, respectively. | |
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 | 3 Months Ended | |||||||||||||||
Mar. 31, 2015 | ||||||||||||||||
Summary of Derivative Instruments [Abstract] | ||||||||||||||||
Derivatives | DERIVATIVES | |||||||||||||||
At March 31, 2015, 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 following table provides the notional amount of the interest rate swap and the fair value of the liability as of March 31, 2015 and December 31, 2014. | ||||||||||||||||
March 31, 2015 | December 31, 2014 | |||||||||||||||
(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 | $ | 3,761 | $ | 93,500 | $ | 4,337 | ||||||||
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 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 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 March 31, 2015 and December 31, 2014, collateral with a fair value of $7.0 million was pledged to secure the existing obligation under the interest rate swap. | ||||||||||||||||
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 have had no impact on net income. For the three months ended March 31, 2015 and 2014, 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. | ||||||||||||||||
BancShares monitors the credit risk of the interest rate swap counterparty. |
Accumulated_Other_Comprehensiv
Accumulated Other Comprehensive Loss | 3 Months Ended | |||||||||||||||||||||||
Mar. 31, 2015 | ||||||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | ||||||||||||||||||||||||
Accumulated Other Comprehensive Loss | ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME | |||||||||||||||||||||||
Accumulated other comprehensive income (loss) included the following as of March 31, 2015 and December 31, 2014: | ||||||||||||||||||||||||
March 31, 2015 | December 31, 2014 | |||||||||||||||||||||||
(Dollars in thousands) | Accumulated | Deferred | Accumulated | Accumulated | Deferred | Accumulated | ||||||||||||||||||
other | tax expense | other | other | tax expense | other | |||||||||||||||||||
comprehensive | (benefit) | comprehensive | comprehensive | (benefit) | comprehensive | |||||||||||||||||||
income (loss) | income (loss), | gain (loss) | gain (loss), | |||||||||||||||||||||
net of tax | net of tax | |||||||||||||||||||||||
Unrealized gains on investment securities available for sale, net | $ | 33,632 | $ | 13,081 | $ | 20,551 | $ | 8,343 | $ | 3,245 | $ | 5,098 | ||||||||||||
Unrealized loss on cash flow hedge | (3,761 | ) | (1,451 | ) | (2,310 | ) | (4,337 | ) | (1,673 | ) | (2,664 | ) | ||||||||||||
Funded status of defined benefit plan | (87,810 | ) | (34,158 | ) | (53,652 | ) | (90,696 | ) | (35,281 | ) | (55,415 | ) | ||||||||||||
Total | $ | (57,939 | ) | $ | (22,528 | ) | $ | (35,411 | ) | $ | (86,690 | ) | $ | (33,709 | ) | $ | (52,981 | ) | ||||||
The following table highlights changes in accumulated other comprehensive income (loss) by component for the three months ended March 31, 2015 and March 31, 2014: | ||||||||||||||||||||||||
Three months ended March 31, 2015 | ||||||||||||||||||||||||
(Dollars in thousands) | Unrealized gains on available for sale securities1 | Gains (losses) on cash flow hedges1 | Defined benefit pension items1 | Total | ||||||||||||||||||||
Beginning balance | $ | 5,098 | $ | (2,664 | ) | $ | (55,415 | ) | $ | (52,981 | ) | |||||||||||||
Other comprehensive income before reclassifications | 18,602 | 354 | — | 18,956 | ||||||||||||||||||||
Amounts reclassified from accumulated other comprehensive (loss) income | (3,149 | ) | — | 1,763 | (1,386 | ) | ||||||||||||||||||
Net current period other comprehensive income | 15,453 | 354 | 1,763 | 17,570 | ||||||||||||||||||||
Ending balance | $ | 20,551 | $ | (2,310 | ) | $ | (53,652 | ) | $ | (35,411 | ) | |||||||||||||
Three months ended March 31, 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 | 7,256 | 441 | — | 7,697 | ||||||||||||||||||||
Amounts reclassified from accumulated other comprehensive (loss) income | — | — | 977 | 977 | ||||||||||||||||||||
Net current period other comprehensive income | 7,256 | 441 | 977 | 8,674 | ||||||||||||||||||||
Ending balance | $ | (2,835 | ) | $ | (3,993 | ) | $ | (9,766 | ) | $ | (16,594 | ) | ||||||||||||
1 All amounts are net of tax. Amounts in parentheses indicate debits. | ||||||||||||||||||||||||
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 months ended March 31, 2015 and March 31, 2014: | ||||||||||||||||||||||||
(Dollars in thousands) | Three months ended March 31, 2015 | |||||||||||||||||||||||
Details about accumulated other comprehensive loss | Amount reclassified from accumulated other comprehensive (loss) income1 | Affected line item in the statement where net income is presented | ||||||||||||||||||||||
Unrealized gains and losses on available for sale securities | ||||||||||||||||||||||||
$ | 5,126 | Securities gains | ||||||||||||||||||||||
(1,977 | ) | Income taxes | ||||||||||||||||||||||
$ | 3,149 | Net income | ||||||||||||||||||||||
Amortization of defined benefit pension items | ||||||||||||||||||||||||
     Prior service costs | $ | (53 | ) | Employee benefits | ||||||||||||||||||||
     Actuarial losses | (2,833 | ) | Employee benefits | |||||||||||||||||||||
(2,886 | ) | Income before income taxes | ||||||||||||||||||||||
1,123 | Provision for income taxes | |||||||||||||||||||||||
$ | (1,763 | ) | Net income | |||||||||||||||||||||
Total reclassifications for the period | $ | 1,386 | ||||||||||||||||||||||
Three months ended March 31, 2014 | ||||||||||||||||||||||||
Details about accumulated other comprehensive loss | 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 | (1,546 | ) | Employee benefits | |||||||||||||||||||||
(1,599 | ) | Income before income taxes | ||||||||||||||||||||||
622 | Provision for income taxes | |||||||||||||||||||||||
$ | (977 | ) | Net income | |||||||||||||||||||||
Total reclassifications for the period | $ | (977 | ) | |||||||||||||||||||||
1 Amounts in parentheses indicate debits to profit/loss. |
Repurchase_Agreements_Repurcha
Repurchase Agreements Repurchase Agreements | 3 Months Ended | |||||||||||||||||||
Mar. 31, 2015 | ||||||||||||||||||||
Repurchase Agreements [Abstract] | ||||||||||||||||||||
Repurchase Agreements, Resale Agreements, Securities Borrowed, and Securities Loaned Disclosure [Text Block] | NOTE I - REPURCHASE AGREEMENTS | |||||||||||||||||||
We utilize securities sold under agreements to repurchase to facilitate the needs of our customers and secure long-term funding needs. Repurchase agreements are transactions whereby we offer to sell to a counterparty an undivided interest in an eligible security at an agreed upon purchase price, and which obligates BancShares to repurchase the security on an agreed upon date at an agreed upon repurchase price plus interest at an agreed upon rate. Securities sold under agreements to repurchase are recorded at the amount of cash received in connection with the transaction and are reflected as short-term borrowings on the Consolidated Balance Sheets. | ||||||||||||||||||||
We monitor collateral levels on a continuous basis and maintain records of each transaction specifically describing the applicable security and the counterparty’s fractional interest in that security, and we segregate the security from its general assets in accordance with regulations governing custodial holdings of securities. The primary risk with our repurchase agreements is market risk associated with the securities securing the transactions, as we may be required to provide additional collateral based on fair value changes of the underlying securities. Securities pledged as collateral under repurchase agreements are maintained with our safekeeping agents. The carrying value of investment securities available for sale pledged as collateral under repurchase agreements totaled $386.8 million and $418.3 million at March 31, 2015 and December 31, 2014. | ||||||||||||||||||||
The remaining contractual maturity of the securities sold under agreements to repurchase by class of collateral pledged included in short-term borrowings in the Consolidated Balance Sheets as of March 31, 2015 and December 31, 2014 is presented in the following tables. | ||||||||||||||||||||
March 31, 2015 | ||||||||||||||||||||
Remaining Contractual Maturity of the Agreements | ||||||||||||||||||||
(Dollars in thousands) | Overnight and continuous | Up to 30 Days | 30-90 Days | Greater than 90 Days | Total | |||||||||||||||
Repurchase agreements | ||||||||||||||||||||
U.S. Treasury | $ | 335,283 | $ | — | $ | — | $ | 23,091 | $ | 358,374 | ||||||||||
Government agency | — | — | — | 6,909 | 6,909 | |||||||||||||||
Total borrowings | $ | 335,283 | $ | — | $ | — | $ | 30,000 | $ | 365,283 | ||||||||||
Gross amount of recognized liabilities for repurchase agreements | $ | 365,283 | ||||||||||||||||||
December 31, 2014 | ||||||||||||||||||||
Remaining Contractual Maturity of the Agreements | ||||||||||||||||||||
Overnight and continuous | Up to 30 Days | 30-90 Days | Greater than 90 Days | Total | ||||||||||||||||
Repurchase agreements | ||||||||||||||||||||
U.S. Treasury | $ | 162,924 | $ | — | $ | — | $ | 23,086 | $ | 186,010 | ||||||||||
Government agency | — | — | — | 6,914 | 6,914 | |||||||||||||||
Mortgage-backed securities | 131,501 | — | — | — | 131,501 | |||||||||||||||
Total borrowings | $ | 294,425 | $ | — | $ | — | $ | 30,000 | $ | 324,425 | ||||||||||
Gross amount of recognized liabilities for repurchase agreements | $ | 324,425 | ||||||||||||||||||
Mortgage_Servicing_Rights_Mort
Mortgage Servicing Rights Mortgage Servicing Rights (Notes) | 3 Months Ended | |||||||
Mar. 31, 2015 | ||||||||
Mortgage Servicing Rights [Abstract] | ||||||||
Transfers and Servicing of Financial Assets [Text Block] | NOTE H - MORTGAGE SERVICING RIGHTS | |||||||
The activity of the servicing asset for first quarter 2015 and 2014 is presented in the following table: | ||||||||
Three months ended March 31 | ||||||||
(Dollars in thousands) | 2015 | 2014 | ||||||
Balance at January 1 | $ | 16,688 | $ | 16 | ||||
Servicing rights originated | 662 | — | ||||||
Amortization | (852 | ) | (164 | ) | ||||
Servicing rights acquired in the 1st Financial merger | — | 148 | ||||||
Valuation allowance provision | $ | (62 | ) | $ | — | |||
Balance at March 31 | $ | 16,436 | $ | — | ||||
The following table presents the activity in the servicing asset valuation allowance for first quarter 2015 and 2014: | ||||||||
Three months ended March 31 | ||||||||
(Dollars in thousands) | 2015 | 2014 | ||||||
Balance at January 1 | $ | 850 | $ | — | ||||
Valuation allowance provision | 62 | — | ||||||
Balance at March 31 | $ | 912 | $ | — | ||||
As of March 31, 2015, the carrying value of BancShares' mortgage servicing rights was $16.4 million. Contractually specified mortgage servicing fees, late fees, and ancillary fees earned for the three months ended March 31, 2015 were $1.1 million and is included in mortgage income in the Consolidated Statements of Income. There were no mortgage servicing fees, late fees or ancillary fees earned for the three months ended March 31, 2014. | ||||||||
The amortization expense related to mortgage servicing rights, included as a reduction of mortgage income in the Consolidated Statements of Income, was $852 thousand and $164 thousand for the three months ended March 31, 2015 and March 31, 2014, respectively. Amortization expense included impairment of $62 thousand for the three months ended March 31, 2015. There was no impairment recorded for the three months ended March 31, 2014. | ||||||||
Valuation of mortgage servicing rights is performed using a pooling methodology. Similar loans are pooled together and evaluated on a discounted earnings basis to determine the present value of future earnings. Key economic assumptions used to value mortgage servicing rights as of March 31, 2015 and December 31, 2014 were as follows: | ||||||||
March 31, 2015 | December 31, 2014 | |||||||
Discount rate - conventional fixed loans | 6.95 | % | 7.2 | % | ||||
Discount rate - all loans excluding conventional fixed loans | 8.95 | % | 9.2 | % | ||||
Weighted average constant prepayment rate | 16.07 | % | 14.25 | % | ||||
Weighted average cost to service loans | $ | 56.02 | $ | 56.02 | ||||
Accounting_Policies_and_Basis_1
Accounting Policies and Basis of Presentation Policies (Policies) | 3 Months Ended | |
Mar. 31, 2015 | ||
Accounting Policies [Abstract] | ||
Reclassification, Policy [Policy Text Block] | Reclassifications | |
Prior period financial statements reflect the retrospective application of Accounting Standards Update ("ASU") 2014-01, Investments - Equity Method and Joint Ventures (Topic 323): Accounting for Investments Qualified Affordable Housing Projects which was adopted effective in the fourth quarter of 2014 and did not have a material impact on our consolidated financial condition or results of operations. In certain instances other than the retrospective adoption of ASU 2014-01, 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: | ||
• | Allowance for loan and lease losses | |
• | Fair value of financial instruments, including acquired assets and assumed liabilities | |
• | Pension plan assumptions | |
• | Cash flow estimates on purchased credit-impaired loans | |
• | Receivable from and payable to the FDIC for loss share agreements | |
• | Income tax assets, liabilities and expense | |
New Accounting Pronouncements, Policy [Policy Text Block] | Recently Issued Accounting Pronouncements | |
FASB ASU 2015-03, Interest–Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs | ||
This ASU simplifies the presentation of debt issuance costs by requiring that debt issuance costs be presented in the balance sheet as a direct deduction from the carrying amount of debt liability, consistent with debt discounts or premiums. The recognition and measurement guidance for debt issuance costs are not affected by the amendments in this update. | ||
This ASU is effective for interim and annual periods beginning after December 15, 2015 for public companies, and is to be applied retrospectively. Early adoption is permitted. We will adopt the guidance effective in the first quarter of 2016. | ||
FASB ASU 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis | ||
This ASU improves targeted areas of consolidation guidance for reporting organizations that are required to evaluate whether they should consolidate certain legal entities. In addition to reducing the number of consolidation models from four to two, the new standard places more emphasis on risk of loss when determining a controlling financial interest, reducing the frequency of the application of related-party guidance when determining a controlling financial interest in a variable interest entity ("VIE"), and changing consolidation conclusions for public and private companies in several industries that typically make use of limited partnerships or VIEs. | ||
The amendments in this ASU are effective for periods beginning after December 15, 2015 for public companies. Early adoption is permitted. We will adopt the guidance effective in the first quarter of 2016 and do not anticipate any significant impact 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. |
Business_Combinations_Tables
Business Combinations (Tables) | 3 Months Ended | |||
Mar. 31, 2015 | ||||
Business Combinations [Abstract] | ||||
Pro Forma Financial Information for Bancorporation Acquisition | ||||
Three months ended March 31 | ||||
(Dollars in thousands) | 2014 | |||
Total revenue (interest income plus noninterest income) | $ | 323,524 | ||
Net income | $ | 37,230 | ||
Investments_Tables
Investments (Tables) | 3 Months Ended | |||||||||||||||||||||||
Mar. 31, 2015 | ||||||||||||||||||||||||
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 March 31, 2015 and December 31, 2014, are as follows: | |||||||||||||||||||||||
March 31, 2015 | ||||||||||||||||||||||||
(Dollars in thousands) | Cost | Gross | Gross unrealized | Fair | ||||||||||||||||||||
unrealized | losses | value | ||||||||||||||||||||||
gains | ||||||||||||||||||||||||
Investment securities available for sale | ||||||||||||||||||||||||
U.S. Treasury | $ | 2,237,002 | $ | 9,966 | $ | 2 | $ | 2,246,966 | ||||||||||||||||
Government agency | 988,563 | 2,382 | 51 | 990,894 | ||||||||||||||||||||
Mortgage-backed securities | 3,785,912 | 27,006 | 5,669 | 3,807,249 | ||||||||||||||||||||
Total investment securities available for sale | $ | 7,011,477 | $ | 39,354 | $ | 5,722 | $ | 7,045,109 | ||||||||||||||||
December 31, 2014 | ||||||||||||||||||||||||
Cost | Gross | Gross unrealized | Fair | |||||||||||||||||||||
unrealized | losses | value | ||||||||||||||||||||||
gains | ||||||||||||||||||||||||
U.S. Treasury | $ | 2,626,900 | $ | 2,922 | $ | 152 | $ | 2,629,670 | ||||||||||||||||
Government agency | 908,362 | 702 | 247 | 908,817 | ||||||||||||||||||||
Mortgage-backed securities | 3,628,187 | 16,964 | 11,847 | 3,633,304 | ||||||||||||||||||||
Municipal securities | 125 | 1 | — | 126 | ||||||||||||||||||||
Total investment securities available for sale | $ | 7,163,574 | $ | 20,589 | $ | 12,246 | $ | 7,171,917 | ||||||||||||||||
March 31, 2015 | ||||||||||||||||||||||||
Cost | Gross | Gross unrealized | Fair | |||||||||||||||||||||
unrealized | losses | value | ||||||||||||||||||||||
gains | ||||||||||||||||||||||||
Investment securities held to maturity | ||||||||||||||||||||||||
Mortgage-backed securities | $ | 441 | $ | 18 | $ | — | $ | 459 | ||||||||||||||||
December 31, 2014 | ||||||||||||||||||||||||
Cost | Gross | Gross unrealized | Fair | |||||||||||||||||||||
unrealized | losses | value | ||||||||||||||||||||||
gains | ||||||||||||||||||||||||
Mortgage-backed securities | $ | 518 | $ | 26 | $ | — | $ | 544 | ||||||||||||||||
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. | |||||||||||||||||||||||
March 31, 2015 | December 31, 2014 | |||||||||||||||||||||||
(Dollars in thousands) | Cost | Fair | Cost | Fair | ||||||||||||||||||||
value | value | |||||||||||||||||||||||
Investment securities available for sale | ||||||||||||||||||||||||
Non-amortizing securities maturing in: | ||||||||||||||||||||||||
One year or less | $ | 504,826 | $ | 505,182 | $ | 447,866 | $ | 447,992 | ||||||||||||||||
One through five years | 2,720,739 | 2,732,678 | 3,087,521 | 3,090,621 | ||||||||||||||||||||
Mortgage-backed securities | 3,785,912 | 3,807,249 | 3,628,187 | 3,633,304 | ||||||||||||||||||||
Total investment securities available for sale | $ | 7,011,477 | $ | 7,045,109 | $ | 7,163,574 | $ | 7,171,917 | ||||||||||||||||
Investment securities held to maturity | ||||||||||||||||||||||||
Mortgage-backed securities held to maturity | $ | 441 | $ | 459 | $ | 518 | $ | 544 | ||||||||||||||||
Securities Gains (Losses) | For each period presented, securities gains (losses) included the following: | |||||||||||||||||||||||
Three months ended March 31 | ||||||||||||||||||||||||
(Dollars in thousands) | 2015 | 2014 | ||||||||||||||||||||||
Gross gains on sales of investment securities available for sale | $ | 5,135 | $ | — | ||||||||||||||||||||
Gross losses on sales of investment securities available for sale | (9 | ) | — | |||||||||||||||||||||
Total securities gains | $ | 5,126 | $ | — | ||||||||||||||||||||
Investment Securities With Unrealized Losses | The following table provides information regarding securities with unrealized losses as of March 31, 2015 and December 31, 2014. | |||||||||||||||||||||||
March 31, 2015 | ||||||||||||||||||||||||
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 | $ | 13,024 | $ | 2 | $ | — | $ | — | $ | 13,024 | $ | 2 | ||||||||||||
Government agency | 69,660 | 51 | — | — | 69,660 | 51 | ||||||||||||||||||
Mortgage-backed securities | 562,616 | 1,645 | 317,685 | 4,024 | 880,301 | 5,669 | ||||||||||||||||||
Total | $ | 645,300 | $ | 1,698 | $ | 317,685 | $ | 4,024 | $ | 962,985 | $ | 5,722 | ||||||||||||
December 31, 2014 | ||||||||||||||||||||||||
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 | $ | 338,612 | $ | 151 | $ | 1,015 | $ | 1 | $ | 339,627 | $ | 152 | ||||||||||||
Government agency | 261,288 | 247 | — | — | 261,288 | 247 | ||||||||||||||||||
Mortgage-backed securities | 573,374 | 1,805 | 831,405 | 10,042 | 1,404,779 | 11,847 | ||||||||||||||||||
Total | $ | 1,173,274 | $ | 2,203 | $ | 832,420 | $ | 10,043 | $ | 2,005,694 | $ | 12,246 | ||||||||||||
Loans_and_Leases_Tables
Loans and Leases (Tables) | 3 Months Ended | |||||||||||||||||||||||||||
Mar. 31, 2015 | ||||||||||||||||||||||||||||
Loans and Leases Receivable Disclosure [Abstract] | ||||||||||||||||||||||||||||
Loans And Leases Outstanding | Loans and leases outstanding include the following at March 31, 2015 and December 31, 2014: | |||||||||||||||||||||||||||
(Dollars in thousands) | March 31, 2015 | December 31, 2014 | ||||||||||||||||||||||||||
Non-PCI loans and leases: | ||||||||||||||||||||||||||||
Commercial: | ||||||||||||||||||||||||||||
Construction and land development | $ | 608,556 | $ | 550,568 | ||||||||||||||||||||||||
Commercial mortgage | 7,591,745 | 7,552,948 | ||||||||||||||||||||||||||
Other commercial real estate | 262,293 | 244,875 | ||||||||||||||||||||||||||
Commercial and industrial | 2,072,414 | 1,988,934 | ||||||||||||||||||||||||||
Lease financing | 603,737 | 571,916 | ||||||||||||||||||||||||||
Other | 354,713 | 353,833 | ||||||||||||||||||||||||||
Total commercial loans | 11,493,458 | 11,263,074 | ||||||||||||||||||||||||||
Noncommercial: | ||||||||||||||||||||||||||||
Residential mortgage | 2,524,549 | 2,520,542 | ||||||||||||||||||||||||||
Revolving mortgage | 2,528,257 | 2,561,800 | ||||||||||||||||||||||||||
Construction and land development | 170,208 | 120,097 | ||||||||||||||||||||||||||
Consumer | 1,127,942 | 1,117,454 | ||||||||||||||||||||||||||
Total noncommercial loans | 6,350,956 | 6,319,893 | ||||||||||||||||||||||||||
Total non-PCI loans and leases | 17,844,414 | 17,582,967 | ||||||||||||||||||||||||||
PCI loans: | ||||||||||||||||||||||||||||
Commercial: | ||||||||||||||||||||||||||||
Construction and land development | 70,049 | 78,079 | ||||||||||||||||||||||||||
Commercial mortgage | 653,846 | 577,518 | ||||||||||||||||||||||||||
Other commercial real estate | 40,841 | 40,193 | ||||||||||||||||||||||||||
Commercial and industrial | 24,134 | 27,254 | ||||||||||||||||||||||||||
Other | 2,886 | 3,079 | ||||||||||||||||||||||||||
Total commercial loans | 791,756 | 726,123 | ||||||||||||||||||||||||||
Noncommercial: | ||||||||||||||||||||||||||||
Residential mortgage | 380,490 | 382,340 | ||||||||||||||||||||||||||
Revolving mortgage | 70,363 | 74,109 | ||||||||||||||||||||||||||
Construction and land development | 874 | 912 | ||||||||||||||||||||||||||
Consumer | 3,860 | 3,014 | ||||||||||||||||||||||||||
Total noncommercial loans | 455,587 | 460,375 | ||||||||||||||||||||||||||
Total PCI loans | 1,247,343 | 1,186,498 | ||||||||||||||||||||||||||
Total loans and leases | $ | 19,091,757 | $ | 18,769,465 | ||||||||||||||||||||||||
Composition Of The Loans And Leases Outstanding By Credit Quality Indicator | Non-PCI loans and leases outstanding at March 31, 2015 and December 31, 2014 by credit quality indicator are provided below: | |||||||||||||||||||||||||||
March 31, 2015 | ||||||||||||||||||||||||||||
(Dollars in thousands) | Non-PCI commercial loans and leases | |||||||||||||||||||||||||||
Grade: | Construction  and land | Commercial | Other | Commercial and | Lease financing | Other | Total non-PCI commercial loans and leases | |||||||||||||||||||||
development | mortgage | commercial real estate | industrial | |||||||||||||||||||||||||
Pass | $ | 590,298 | $ | 7,341,243 | $ | 260,592 | $ | 1,931,078 | $ | 597,464 | $ | 350,060 | $ | 11,070,735 | ||||||||||||||
Special mention | 15,679 | 115,411 | 501 | 21,771 | 2,609 | 1,913 | 157,884 | |||||||||||||||||||||
Substandard | 2,291 | 131,672 | 1,049 | 8,806 | 3,284 | 2,690 | 149,792 | |||||||||||||||||||||
Doubtful | — | 2,039 | — | 4,402 | 329 | — | 6,770 | |||||||||||||||||||||
Ungraded | 288 | 1,380 | 151 | 106,357 | 51 | 50 | 108,277 | |||||||||||||||||||||
Total | $ | 608,556 | $ | 7,591,745 | $ | 262,293 | $ | 2,072,414 | $ | 603,737 | $ | 354,713 | $ | 11,493,458 | ||||||||||||||
December 31, 2014 | ||||||||||||||||||||||||||||
Non-PCI commercial loans and leases | ||||||||||||||||||||||||||||
Construction  and land | Commercial | Other | Commercial and | Lease financing | Other | Total non-PCI commercial loans and leases | ||||||||||||||||||||||
development | mortgage | commercial real estate | industrial | |||||||||||||||||||||||||
Pass | $ | 525,711 | $ | 7,284,714 | $ | 242,053 | $ | 1,859,415 | $ | 564,319 | $ | 349,111 | $ | 10,825,323 | ||||||||||||||
Special mention | 20,025 | 129,247 | 909 | 27,683 | 3,205 | 1,384 | 182,453 | |||||||||||||||||||||
Substandard | 4,720 | 134,677 | 1,765 | 8,878 | 3,955 | 3,338 | 157,333 | |||||||||||||||||||||
Doubtful | — | 2,366 | — | 164 | 365 | — | 2,895 | |||||||||||||||||||||
Ungraded | 112 | 1,944 | 148 | 92,794 | 72 | — | 95,070 | |||||||||||||||||||||
Total | $ | 550,568 | $ | 7,552,948 | $ | 244,875 | $ | 1,988,934 | $ | 571,916 | $ | 353,833 | $ | 11,263,074 | ||||||||||||||
March 31, 2015 | ||||||||||||||||||||||||||||
Non-PCI noncommercial loans and leases | ||||||||||||||||||||||||||||
(Dollars in thousands) | Residential | Revolving | Construction | Consumer | Total non-PCI noncommercial | |||||||||||||||||||||||
mortgage | mortgage | and land | loans and leases | |||||||||||||||||||||||||
development | ||||||||||||||||||||||||||||
Current | $ | 2,490,453 | $ | 2,510,879 | $ | 168,199 | $ | 1,121,123 | $ | 6,290,654 | ||||||||||||||||||
30-59 days past due | 21,844 | 10,288 | 2,009 | 4,236 | 38,377 | |||||||||||||||||||||||
60-89 days past due | 2,896 | 2,794 | — | 1,555 | 7,245 | |||||||||||||||||||||||
90 days or greater past due | 9,356 | 4,296 | — | 1,028 | 14,680 | |||||||||||||||||||||||
Total | $ | 2,524,549 | $ | 2,528,257 | $ | 170,208 | $ | 1,127,942 | $ | 6,350,956 | ||||||||||||||||||
December 31, 2014 | ||||||||||||||||||||||||||||
Non-PCI noncommercial loans and leases | ||||||||||||||||||||||||||||
Residential | Revolving | Construction | Consumer | Total non-PCI noncommercial | ||||||||||||||||||||||||
mortgage | mortgage | and land | loans and leases | |||||||||||||||||||||||||
development | ||||||||||||||||||||||||||||
Current | $ | 2,482,281 | $ | 2,542,807 | $ | 119,094 | $ | 1,110,153 | $ | 6,254,335 | ||||||||||||||||||
30-59 days past due | 23,288 | 11,097 | 370 | 4,577 | 39,332 | |||||||||||||||||||||||
60-89 days past due | 6,018 | 2,433 | 486 | 1,619 | 10,556 | |||||||||||||||||||||||
90 days or greater past due | 8,955 | 5,463 | 147 | 1,105 | 15,670 | |||||||||||||||||||||||
Total | $ | 2,520,542 | $ | 2,561,800 | $ | 120,097 | $ | 1,117,454 | $ | 6,319,893 | ||||||||||||||||||
PCI loans and leases outstanding at March 31, 2015 and December 31, 2014 by credit quality indicator are provided below: | ||||||||||||||||||||||||||||
March 31, 2015 | ||||||||||||||||||||||||||||
(Dollars in thousands) | PCI commercial loans | |||||||||||||||||||||||||||
Grade: | Construction | Commercial | Other | Commercial | Other | Total PCI commercial | ||||||||||||||||||||||
and land | mortgage | commercial | and | loans | ||||||||||||||||||||||||
development | real estate | industrial | ||||||||||||||||||||||||||
Pass | $ | 13,832 | $ | 333,368 | $ | 9,727 | $ | 13,525 | $ | 683 | $ | 371,135 | ||||||||||||||||
Special mention | 4,287 | 118,209 | 16,425 | 2,963 | — | 141,884 | ||||||||||||||||||||||
Substandard | 44,663 | 193,435 | 12,948 | 6,739 | 2,132 | 259,917 | ||||||||||||||||||||||
Doubtful | 4,656 | 8,456 | 1,741 | 513 | 71 | 15,437 | ||||||||||||||||||||||
Ungraded | 2,611 | 378 | — | 394 | — | 3,383 | ||||||||||||||||||||||
Total | $ | 70,049 | $ | 653,846 | $ | 40,841 | $ | 24,134 | $ | 2,886 | $ | 791,756 | ||||||||||||||||
December 31, 2014 | ||||||||||||||||||||||||||||
PCI commercial loans | ||||||||||||||||||||||||||||
Construction | Commercial | Other | Commercial | Other | Total PCI commercial | |||||||||||||||||||||||
and land | mortgage | commercial | and | loans | ||||||||||||||||||||||||
development | real estate | industrial | ||||||||||||||||||||||||||
Pass | $ | 13,514 | $ | 300,187 | $ | 11,033 | $ | 16,637 | $ | 801 | $ | 342,172 | ||||||||||||||||
Special mention | 6,063 | 98,724 | 16,271 | 4,137 | — | 125,195 | ||||||||||||||||||||||
Substandard | 53,739 | 171,920 | 12,889 | 6,312 | 2,278 | 247,138 | ||||||||||||||||||||||
Doubtful | 2,809 | 6,302 | — | 130 | — | 9,241 | ||||||||||||||||||||||
Ungraded | 1,954 | 385 | — | 38 | — | 2,377 | ||||||||||||||||||||||
Total | $ | 78,079 | $ | 577,518 | $ | 40,193 | $ | 27,254 | $ | 3,079 | $ | 726,123 | ||||||||||||||||
March 31, 2015 | ||||||||||||||||||||||||||||
PCI noncommercial loans | ||||||||||||||||||||||||||||
(Dollars in thousands) | Residential | Revolving | Construction | Consumer | Total PCI noncommercial | |||||||||||||||||||||||
mortgage | mortgage | and land | loans | |||||||||||||||||||||||||
development | ||||||||||||||||||||||||||||
Current | $ | 320,607 | $ | 63,579 | $ | 592 | $ | 3,571 | $ | 388,349 | ||||||||||||||||||
30-59 days past due | 18,742 | 2,800 | — | 130 | 21,672 | |||||||||||||||||||||||
60-89 days past due | 6,804 | 1,019 | — | 13 | 7,836 | |||||||||||||||||||||||
90 days or greater past due | 34,337 | 2,965 | 282 | 146 | 37,730 | |||||||||||||||||||||||
Total | $ | 380,490 | $ | 70,363 | $ | 874 | $ | 3,860 | $ | 455,587 | ||||||||||||||||||
December 31, 2014 | ||||||||||||||||||||||||||||
PCI noncommercial loans | ||||||||||||||||||||||||||||
Residential | Revolving | Construction | Consumer | Total PCI noncommercial | ||||||||||||||||||||||||
mortgage | mortgage | and land | loans | |||||||||||||||||||||||||
development | ||||||||||||||||||||||||||||
Current | $ | 326,589 | $ | 68,548 | $ | 506 | $ | 2,582 | $ | 398,225 | ||||||||||||||||||
30-59 days past due | 11,432 | 1,405 | — | 147 | 12,984 | |||||||||||||||||||||||
60-89 days past due | 10,073 | 345 | — | 25 | 10,443 | |||||||||||||||||||||||
90 days or greater past due | 34,246 | 3,811 | 406 | 260 | 38,723 | |||||||||||||||||||||||
Total | $ | 382,340 | $ | 74,109 | $ | 912 | $ | 3,014 | $ | 460,375 | ||||||||||||||||||
Aging Of The Outstanding Loans And Leases By Class Excluding Loans Impaired At Acquisition Date | The aging of the outstanding non-PCI loans and leases, by class, at March 31, 2015 and December 31, 2014 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. | ||||||||||||||||||||||||||||
March 31, 2015 | ||||||||||||||||||||||||||||
(Dollars in thousands) | 30-59Â days | 60-89Â days | 90 days or greater | Total past | Current | Total loans | ||||||||||||||||||||||
past due | past due | due | and leases | |||||||||||||||||||||||||
Non-PCI loans and leases: | ||||||||||||||||||||||||||||
Construction and land development - commercial | $ | 2,709 | $ | 712 | $ | 1,044 | $ | 4,465 | $ | 604,091 | $ | 608,556 | ||||||||||||||||
Commercial mortgage | 22,635 | 5,920 | 8,445 | 37,000 | 7,554,745 | 7,591,745 | ||||||||||||||||||||||
Other commercial real estate | 583 | 58 | 196 | 837 | 261,456 | 262,293 | ||||||||||||||||||||||
Commercial and industrial | 6,290 | 1,724 | 570 | 8,584 | 2,063,830 | 2,072,414 | ||||||||||||||||||||||
Lease financing | 476 | 11 | — | 487 | 603,250 | 603,737 | ||||||||||||||||||||||
Residential mortgage | 21,844 | 2,896 | 9,356 | 34,096 | 2,490,453 | 2,524,549 | ||||||||||||||||||||||
Revolving mortgage | 10,288 | 2,794 | 4,296 | 17,378 | 2,510,879 | 2,528,257 | ||||||||||||||||||||||
Construction and land development - noncommercial | 2,009 | — | — | 2,009 | 168,199 | 170,208 | ||||||||||||||||||||||
Consumer | 4,236 | 1,555 | 1,028 | 6,819 | 1,121,123 | 1,127,942 | ||||||||||||||||||||||
Other | 380 | 65 | 133 | 578 | 354,135 | 354,713 | ||||||||||||||||||||||
Total non-PCI loans and leases | $ | 71,450 | $ | 15,735 | $ | 25,068 | $ | 112,253 | $ | 17,732,161 | $ | 17,844,414 | ||||||||||||||||
December 31, 2014 | ||||||||||||||||||||||||||||
30-59Â days | 60-89Â days | 90 days or greater | Total past | Current | Total loans | |||||||||||||||||||||||
past due | past due | due | and leases | |||||||||||||||||||||||||
Non-PCI loans and leases: | ||||||||||||||||||||||||||||
Construction and land development - commercial | $ | 1,796 | $ | 621 | $ | 385 | $ | 2,802 | $ | 547,766 | $ | 550,568 | ||||||||||||||||
Commercial mortgage | 11,367 | 4,782 | 8,061 | 24,210 | 7,528,738 | 7,552,948 | ||||||||||||||||||||||
Other commercial real estate | 206 | 70 | 102 | 378 | 244,497 | 244,875 | ||||||||||||||||||||||
Commercial and industrial | 2,843 | 1,545 | 378 | 4,766 | 1,984,168 | 1,988,934 | ||||||||||||||||||||||
Lease financing | 1,631 | 8 | 2 | 1,641 | 570,275 | 571,916 | ||||||||||||||||||||||
Residential mortgage | 23,288 | 6,018 | 8,955 | 38,261 | 2,482,281 | 2,520,542 | ||||||||||||||||||||||
Revolving mortgage | 11,097 | 2,433 | 5,463 | 18,993 | 2,542,807 | 2,561,800 | ||||||||||||||||||||||
Construction and land development - noncommercial | 370 | 486 | 147 | 1,003 | 119,094 | 120,097 | ||||||||||||||||||||||
Consumer | 4,577 | 1,619 | 1,105 | 7,301 | 1,110,153 | 1,117,454 | ||||||||||||||||||||||
Other | 146 | 1,966 | — | 2,112 | 351,721 | 353,833 | ||||||||||||||||||||||
Total non-PCI loans and leases | $ | 57,321 | $ | 19,548 | $ | 24,598 | $ | 101,467 | $ | 17,481,500 | $ | 17,582,967 | ||||||||||||||||
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 March 31, 2015 and December 31, 2014 for non-PCI loans, were as follows: | |||||||||||||||||||||||||||
March 31, 2015 | December 31, 2014 | |||||||||||||||||||||||||||
(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 | |||||||||||||||||||||||||||
Non-PCI loans and leases: | ||||||||||||||||||||||||||||
Construction and land development - commercial | $ | 1,497 | $ | 202 | $ | 343 | $ | 111 | ||||||||||||||||||||
Commercial mortgage | 26,058 | 764 | 24,720 | 1,003 | ||||||||||||||||||||||||
Other commercial real estate | 650 | — | 619 | 35 | ||||||||||||||||||||||||
Commercial and industrial | 5,691 | 294 | 1,741 | 239 | ||||||||||||||||||||||||
Lease financing | 346 | — | 374 | 2 | ||||||||||||||||||||||||
Residential mortgage | 19,238 | 1,153 | 14,242 | 3,191 | ||||||||||||||||||||||||
Revolving mortgage | 9,837 | 19 | — | 5,463 | ||||||||||||||||||||||||
Construction and land development - noncommercial | — | — | — | 147 | ||||||||||||||||||||||||
Consumer | 677 | 626 | — | 1,059 | ||||||||||||||||||||||||
Other | 2,052 | 31 | 1,966 | — | ||||||||||||||||||||||||
Total non-PCI loans and leases | $ | 66,046 | $ | 3,089 | $ | 44,005 | $ | 11,250 | ||||||||||||||||||||
Changes In Carrying Value Of PCI Loans | The recorded fair values of PCI loans acquired in the CCBT acquisition as of the acquisition date are as follows: | |||||||||||||||||||||||||||
(Dollars in thousands) | ||||||||||||||||||||||||||||
Commercial: | ||||||||||||||||||||||||||||
Construction and land development | $ | 4,221 | ||||||||||||||||||||||||||
Commercial mortgage | 125,202 | |||||||||||||||||||||||||||
Other commercial real estate | 3,132 | |||||||||||||||||||||||||||
Commercial and industrial | 3,049 | |||||||||||||||||||||||||||
Total commercial loans | 135,604 | |||||||||||||||||||||||||||
Noncommercial: | ||||||||||||||||||||||||||||
Residential mortgage | 12,050 | |||||||||||||||||||||||||||
Consumer | 1,640 | |||||||||||||||||||||||||||
Total noncommercial loans | 13,690 | |||||||||||||||||||||||||||
Total PCI loans and leases | $ | 149,294 | ||||||||||||||||||||||||||
The following table provides changes in the carrying value of all purchased credit-impaired loans during the three months ended March 31, 2015 and March 31, 2014: | ||||||||||||||||||||||||||||
(Dollars in thousands) | 2015 | 2014 | ||||||||||||||||||||||||||
Balance at January 1 | $ | 1,186,498 | $ | 1,029,426 | ||||||||||||||||||||||||
Fair value of acquired loans | 149,294 | 316,327 | ||||||||||||||||||||||||||
Accretion | 25,067 | 30,200 | ||||||||||||||||||||||||||
Payments received and other changes, net | (113,516 | ) | (105,135 | ) | ||||||||||||||||||||||||
Balance at March 31 | $ | 1,247,343 | $ | 1,270,818 | ||||||||||||||||||||||||
Unpaid principal balance at March 31 | $ | 2,092,936 | $ | 1,727,492 | ||||||||||||||||||||||||
Schedule of Contractually Required Payments Including Principal and Interest Expected Cash Flows to be Collected and Fair Values [Table Text Block] | The following table relates to PCI loans acquired in the CCBT acquisition and summarizes the contractually required payments, which include principal and interest, expected cash flows to be collected, and the fair value of PCI loans and leases at the acquisition date. | |||||||||||||||||||||||||||
(Dollars in thousands) | ||||||||||||||||||||||||||||
Contractually required payments | $ | 251,800 | ||||||||||||||||||||||||||
Cash flows expected to be collected | $ | 204,480 | ||||||||||||||||||||||||||
Fair value of loans at acquisition | $ | 149,294 | ||||||||||||||||||||||||||
Changes In Carrying Value of Accretable Yield for PCI Loans | The following table documents changes to the amount of accretable yield for the first three months of 2015 and 2014. | |||||||||||||||||||||||||||
(Dollars in thousands) | 2015 | 2014 | ||||||||||||||||||||||||||
Balance at January 1 | $ | 418,160 | $ | 439,990 | ||||||||||||||||||||||||
Additions from acquisitions | 55,186 | 84,295 | ||||||||||||||||||||||||||
Accretion | (25,067 | ) | (30,200 | ) | ||||||||||||||||||||||||
Reclassifications from nonaccretable difference | 1,294 | 6,048 | ||||||||||||||||||||||||||
Changes in expected cash flows that do not affect nonaccretable difference | (27,287 | ) | (9,888 | ) | ||||||||||||||||||||||||
Balance at March 31 | $ | 422,286 | $ | 490,245 | ||||||||||||||||||||||||
Allowance_for_Loan_and_Lease_L1
Allowance for Loan and Lease Losses (Tables) | 3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||
Mar. 31, 2015 | ||||||||||||||||||||||||||||||||||||||||||||
Allowance for Loan and Lease Losses, Adjustments, Net [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||
Allowance for Loan and Lease Losses | The following tables present the activity in the ALLL for non-PCI loan and lease losses by loan class for the three months ended March 31, 2015 and March 31, 2014: | |||||||||||||||||||||||||||||||||||||||||||
Three months ended March 31, 2015 | ||||||||||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | Construction | Commercial | Other commercial real estate | Commercial | Lease | Other | Residential | Revolving | Construction | Consumer | Total | |||||||||||||||||||||||||||||||||
and land | mortgage | and industrial | financing | mortgage | mortgage | and land | ||||||||||||||||||||||||||||||||||||||
development | development | |||||||||||||||||||||||||||||||||||||||||||
-Â commercial | -Â non- | |||||||||||||||||||||||||||||||||||||||||||
commercial | ||||||||||||||||||||||||||||||||||||||||||||
Non-PCI Loans | ||||||||||||||||||||||||||||||||||||||||||||
Allowance for loan and lease losses: | ||||||||||||||||||||||||||||||||||||||||||||
Balance at January 1 | $ | 11,961 | $ | 85,189 | $ | 732 | $ | 30,727 | $ | 4,286 | $ | 3,184 | $ | 10,661 | $ | 18,650 | $ | 892 | $ | 16,555 | $ | 182,837 | ||||||||||||||||||||||
Provision | 1,103 | (3,679 | ) | 458 | 7,546 | 11 | (218 | ) | 813 | (462 | ) | 118 | 2,966 | 8,656 | ||||||||||||||||||||||||||||||
Charge-offs | (18 | ) | (233 | ) | (169 | ) | (1,713 | ) | (15 | ) | — | (284 | ) | (793 | ) | (22 | ) | (2,783 | ) | (6,030 | ) | |||||||||||||||||||||||
Recoveries | 62 | 761 | 10 | 394 | 11 | 15 | 138 | 134 | 68 | 878 | 2,471 | |||||||||||||||||||||||||||||||||
Balance at March 31 | $ | 13,108 | $ | 82,038 | $ | 1,031 | $ | 36,954 | $ | 4,293 | $ | 2,981 | $ | 11,328 | $ | 17,529 | $ | 1,056 | $ | 17,616 | $ | 187,934 | ||||||||||||||||||||||
Three months ended March 31, 2014 | ||||||||||||||||||||||||||||||||||||||||||||
Construction | Commercial | Other commercial real estate | Commercial | Lease | Other | Residential | Revolving | Construction | Consumer | Total | ||||||||||||||||||||||||||||||||||
and land | mortgage | and industrial | financing | mortgage | mortgage | and land | ||||||||||||||||||||||||||||||||||||||
development | development | |||||||||||||||||||||||||||||||||||||||||||
-Â commercial | -Â 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 | 1,885 | (6,979 | ) | (74 | ) | 1,976 | (524 | ) | 272 | 609 | 1,353 | 577 | 1,275 | 370 | ||||||||||||||||||||||||||||||
Charge-offs | — | (168 | ) | — | (496 | ) | (58 | ) | (8 | ) | (184 | ) | (1,260 | ) | (71 | ) | (2,177 | ) | (4,422 | ) | ||||||||||||||||||||||||
Recoveries | 26 | 1,107 | 10 | 179 | 16 | — | 8 | 76 | 62 | 643 | 2,127 | |||||||||||||||||||||||||||||||||
Balance at March 31 | $ | 12,246 | $ | 94,217 | $ | 945 | $ | 24,021 | $ | 4,183 | $ | 454 | $ | 10,944 | $ | 16,408 | $ | 1,249 | $ | 13,282 | $ | 177,949 | ||||||||||||||||||||||
The following tables show the activity in the allowance for PCI loan and lease losses by loan class for the three months ended March 31, 2015 and March 31, 2014. | ||||||||||||||||||||||||||||||||||||||||||||
Three months ended March 31, 2015 | ||||||||||||||||||||||||||||||||||||||||||||
(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 | |||||||||||||||||||||||||||||||||||||||||||
PCI Loans | ||||||||||||||||||||||||||||||||||||||||||||
Allowance for loan and lease losses: | ||||||||||||||||||||||||||||||||||||||||||||
Balance at January 1 | $ | 150 | $ | 10,135 | $ | 75 | $ | 1,240 | $ | 5,820 | $ | 3,999 | $ | 183 | $ | 27 | $ | 21,629 | ||||||||||||||||||||||||||
Provision | 191 | (925 | ) | 119 | (1,031 | ) | (863 | ) | (655 | ) | (152 | ) | 452 | (2,864 | ) | |||||||||||||||||||||||||||||
Charge-offs | — | (334 | ) | — | (198 | ) | (85 | ) | (73 | ) | — | (456 | ) | (1,146 | ) | |||||||||||||||||||||||||||||
Recoveries | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||
Balance at March 31 | $ | 341 | $ | 8,876 | $ | 194 | $ | 11 | $ | 4,872 | $ | 3,271 | $ | 31 | $ | 23 | $ | 17,619 | ||||||||||||||||||||||||||
Three months ended March 31, 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 | 3,355 | (3,386 | ) | (150 | ) | (336 | ) | (2,300 | ) | 634 | (99 | ) | 9 | (2,273 | ) | |||||||||||||||||||||||||||||
Charge-offs | (199 | ) | (3,517 | ) | — | (2,683 | ) | 262 | (100 | ) | — | (17 | ) | (6,254 | ) | |||||||||||||||||||||||||||||
Recoveries | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||
Balance at March 31 | $ | 4,476 | $ | 23,003 | $ | 1,204 | $ | 2,256 | $ | 9,764 | $ | 3,493 | $ | 583 | $ | 214 | $ | 44,993 | ||||||||||||||||||||||||||
The following tables provide information on non-PCI impaired loans and leases, exclusive of loans and leases evaluated collectively as a homogenous group, as of March 31, 2015 and December 31, 2014 including interest income recognized in the period during which the loans and leases were considered impaired. | ||||||||||||||||||||||||||||||||||||||||||||
March 31, 2015 | ||||||||||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | With a | With no | Total | Unpaid | Related | |||||||||||||||||||||||||||||||||||||||
recorded | recorded | principal | allowance | |||||||||||||||||||||||||||||||||||||||||
allowance | allowance | balance | recorded | |||||||||||||||||||||||||||||||||||||||||
Non-PCI impaired loans and leases: | ||||||||||||||||||||||||||||||||||||||||||||
Construction and land development - commercial | $ | 2,114 | $ | 858 | $ | 2,972 | $ | 4,228 | $ | 182 | ||||||||||||||||||||||||||||||||||
Commercial mortgage | 53,220 | 24,071 | 77,291 | 81,826 | 7,494 | |||||||||||||||||||||||||||||||||||||||
Other commercial real estate | 104 | 439 | 543 | 847 | 104 | |||||||||||||||||||||||||||||||||||||||
Commercial and industrial | 13,123 | 846 | 13,969 | 14,939 | 2,809 | |||||||||||||||||||||||||||||||||||||||
Lease financing | 1,221 | 271 | 1,492 | 1,492 | 236 | |||||||||||||||||||||||||||||||||||||||
Other | 1,977 | — | 1,977 | 1,977 | 1,955 | |||||||||||||||||||||||||||||||||||||||
Residential mortgage | 8,662 | 6,533 | 15,195 | 15,852 | 1,177 | |||||||||||||||||||||||||||||||||||||||
Revolving mortgage | 1,439 | 1,483 | 2,922 | 3,925 | 108 | |||||||||||||||||||||||||||||||||||||||
Construction and land development - noncommercial | 733 | — | 733 | 733 | 90 | |||||||||||||||||||||||||||||||||||||||
Consumer | 904 | 80 | 984 | 1,004 | 531 | |||||||||||||||||||||||||||||||||||||||
Total non-PCI impaired loans and leases | $ | 83,497 | $ | 34,581 | $ | 118,078 | $ | 126,823 | $ | 14,686 | ||||||||||||||||||||||||||||||||||
December 31, 2014 | ||||||||||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | With a | With no | Total | Unpaid | Related | |||||||||||||||||||||||||||||||||||||||
recorded | recorded | principal | allowance | |||||||||||||||||||||||||||||||||||||||||
allowance | allowance | balance | recorded | |||||||||||||||||||||||||||||||||||||||||
Non-PCI impaired loans and leases: | ||||||||||||||||||||||||||||||||||||||||||||
Construction and land development - commercial | $ | 996 | $ | 624 | $ | 1,620 | $ | 6,945 | $ | 92 | ||||||||||||||||||||||||||||||||||
Commercial mortgage | 57,324 | 25,479 | 82,803 | 87,702 | 8,610 | |||||||||||||||||||||||||||||||||||||||
Other commercial real estate | 112 | 472 | 584 | 913 | 112 | |||||||||||||||||||||||||||||||||||||||
Commercial and industrial | 10,319 | 721 | 11,040 | 12,197 | 1,743 | |||||||||||||||||||||||||||||||||||||||
Lease financing | 319 | 304 | 623 | 623 | 150 | |||||||||||||||||||||||||||||||||||||||
Other | 2,000 | — | 2,000 | 2,000 | 1,972 | |||||||||||||||||||||||||||||||||||||||
Residential mortgage | 10,198 | 4,715 | 14,913 | 15,746 | 1,360 | |||||||||||||||||||||||||||||||||||||||
Revolving mortgage | 3,675 | — | 3,675 | 4,933 | 1,052 | |||||||||||||||||||||||||||||||||||||||
Construction and land development - noncommercial | 1,077 | 263 | 1,340 | 1,340 | 71 | |||||||||||||||||||||||||||||||||||||||
Consumer | 987 | 8 | 995 | 1,067 | 555 | |||||||||||||||||||||||||||||||||||||||
Total non-PCI impaired loans and leases | $ | 87,007 | $ | 32,586 | $ | 119,593 | $ | 133,466 | $ | 15,717 | ||||||||||||||||||||||||||||||||||
The following tables show the average non-PCI impaired loan balance and the interest income recognized by loan class for the three months ended March 31, 2015 and March 31, 2014: | ||||||||||||||||||||||||||||||||||||||||||||
Three months ended March 31, 2015 | Three months ended March 31, 2014 | |||||||||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | Average | Interest income recognized | Average | Interest income recognized | ||||||||||||||||||||||||||||||||||||||||
balance | balance | |||||||||||||||||||||||||||||||||||||||||||
Non-PCI impaired loans and leases: | ||||||||||||||||||||||||||||||||||||||||||||
Construction and land development - commercial | $ | 3,052 | $ | 35 | $ | 1,031 | $ | 15 | ||||||||||||||||||||||||||||||||||||
Commercial mortgage | 80,553 | 769 | 94,547 | 1,120 | ||||||||||||||||||||||||||||||||||||||||
Other commercial real estate | 551 | 1 | 1,796 | 21 | ||||||||||||||||||||||||||||||||||||||||
Commercial and industrial | 14,229 | 103 | 10,234 | 118 | ||||||||||||||||||||||||||||||||||||||||
Lease financing | 1,590 | 18 | 284 | 4 | ||||||||||||||||||||||||||||||||||||||||
Other | 1,990 | — | — | — | ||||||||||||||||||||||||||||||||||||||||
Residential mortgage | 15,364 | 125 | 16,482 | 174 | ||||||||||||||||||||||||||||||||||||||||
Revolving mortgage | 2,986 | 16 | 3,892 | 27 | ||||||||||||||||||||||||||||||||||||||||
Construction and land development - noncommercial | 658 | 7 | 2,322 | 29 | ||||||||||||||||||||||||||||||||||||||||
Consumer | 1,022 | 19 | 1,059 | 5 | ||||||||||||||||||||||||||||||||||||||||
Total non-PCI impaired loans and leases | $ | 121,995 | $ | 1,093 | $ | 131,647 | $ | 1,513 | ||||||||||||||||||||||||||||||||||||
Allocation of Allowance for Loan and Lease Losses | The following tables show the ending balances of PCI loans and leases and related allowance by class of loans as of March 31, 2015 and December 31, 2014: | |||||||||||||||||||||||||||||||||||||||||||
March 31, 2015 | ||||||||||||||||||||||||||||||||||||||||||||
(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 | $ | 341 | $ | 8,876 | $ | 194 | $ | 11 | $ | 4,872 | $ | 3,271 | $ | 31 | $ | 23 | $ | 17,619 | ||||||||||||||||||||||||||
Loans and leases acquired with deteriorated credit quality | 70,049 | 653,846 | 40,841 | 24,134 | 380,490 | 70,363 | 874 | 6,746 | 1,247,343 | |||||||||||||||||||||||||||||||||||
December 31, 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 | $ | 150 | $ | 10,135 | $ | 75 | $ | 1,240 | $ | 5,820 | $ | 3,999 | $ | 183 | $ | 27 | $ | 21,629 | ||||||||||||||||||||||||||
Loans and leases acquired with deteriorated credit quality | 78,079 | 577,518 | 40,193 | 27,254 | 382,339 | 74,109 | 912 | 6,094 | 1,186,498 | |||||||||||||||||||||||||||||||||||
The following tables present the allowance for non-PCI loan losses and the recorded investment in loans, by loan class, based on impairment method as of March 31, 2015 and December 31, 2014: | ||||||||||||||||||||||||||||||||||||||||||||
March 31, 2015 | ||||||||||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | Construction | Commercial | Other | Commercial and industrial | Lease | Other | Residential | Revolving | Construction | Consumer | Total | |||||||||||||||||||||||||||||||||
and land | mortgage | commercial | financing | mortgage | mortgage | and land | ||||||||||||||||||||||||||||||||||||||
development | real estate | development | ||||||||||||||||||||||||||||||||||||||||||
-Â commercial | -Â non-commercial | |||||||||||||||||||||||||||||||||||||||||||
Allowance for loan and lease losses: | ||||||||||||||||||||||||||||||||||||||||||||
ALLL for loans and leases individually evaluated for impairment | $ | 182 | $ | 7,494 | $ | 104 | $ | 2,809 | $ | 236 | $ | 1,955 | $ | 1,177 | $ | 108 | $ | 90 | $ | 531 | $ | 14,686 | ||||||||||||||||||||||
ALLL for loans and leases collectively evaluated for impairment | 12,926 | 74,544 | 927 | 34,145 | 4,057 | 1,026 | 10,151 | 17,421 | 966 | 17,085 | 173,248 | |||||||||||||||||||||||||||||||||
Total allowance for loan and lease losses | $ | 13,108 | $ | 82,038 | $ | 1,031 | $ | 36,954 | $ | 4,293 | $ | 2,981 | $ | 11,328 | $ | 17,529 | $ | 1,056 | $ | 17,616 | $ | 187,934 | ||||||||||||||||||||||
Loans and leases: | ||||||||||||||||||||||||||||||||||||||||||||
Loans and leases individually evaluated for impairment | $ | 2,972 | $ | 77,291 | $ | 543 | $ | 13,969 | $ | 1,492 | $ | 1,977 | $ | 15,195 | $ | 2,922 | $ | 733 | $ | 984 | $ | 118,078 | ||||||||||||||||||||||
Loans and leases collectively evaluated for impairment | 605,584 | 7,514,454 | 261,750 | 2,058,445 | 602,245 | 352,736 | 2,509,354 | 2,525,335 | 169,475 | 1,126,958 | 17,726,336 | |||||||||||||||||||||||||||||||||
Total loan and leases | $ | 608,556 | $ | 7,591,745 | $ | 262,293 | $ | 2,072,414 | $ | 603,737 | $ | 354,713 | $ | 2,524,549 | $ | 2,528,257 | $ | 170,208 | $ | 1,127,942 | $ | 17,844,414 | ||||||||||||||||||||||
December 31, 2014 | ||||||||||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | Construction | Commercial | Other | Commercial and industrial | Lease | Other | Residential | Revolving | Construction | Consumer | Total | |||||||||||||||||||||||||||||||||
and land | mortgage | commercial | financing | mortgage | mortgage | and land | ||||||||||||||||||||||||||||||||||||||
development | real estate | development | ||||||||||||||||||||||||||||||||||||||||||
-Â commercial | -Â non-commercial | |||||||||||||||||||||||||||||||||||||||||||
Allowance for loan and lease losses: | ||||||||||||||||||||||||||||||||||||||||||||
ALLL for loans and leases individually evaluated for impairment | $ | 92 | $ | 8,610 | $ | 112 | $ | 1,743 | $ | 150 | $ | 1,972 | $ | 1,360 | $ | 1,052 | $ | 71 | $ | 555 | $ | 15,717 | ||||||||||||||||||||||
ALLL for loans and leases collectively evaluated for impairment | 11,869 | 76,579 | 620 | 28,984 | 4,136 | 1,212 | 9,301 | 17,598 | 821 | 16,000 | 167,120 | |||||||||||||||||||||||||||||||||
Total allowance for loan and lease losses | $ | 11,961 | $ | 85,189 | $ | 732 | $ | 30,727 | $ | 4,286 | $ | 3,184 | $ | 10,661 | $ | 18,650 | $ | 892 | $ | 16,555 | $ | 182,837 | ||||||||||||||||||||||
Loans and leases: | ||||||||||||||||||||||||||||||||||||||||||||
Loans and leases individually evaluated for impairment | $ | 1,620 | $ | 82,803 | $ | 584 | $ | 11,040 | $ | 623 | $ | 2,000 | $ | 14,913 | $ | 3,675 | $ | 1,340 | $ | 995 | $ | 119,593 | ||||||||||||||||||||||
Loans and leases collectively evaluated for impairment | 548,948 | 7,470,145 | 244,291 | 1,977,894 | 571,293 | 351,833 | 2,505,629 | 2,558,125 | 118,757 | 1,116,459 | 17,463,374 | |||||||||||||||||||||||||||||||||
Total loan and leases | $ | 550,568 | $ | 7,552,948 | $ | 244,875 | $ | 1,988,934 | $ | 571,916 | $ | 353,833 | $ | 2,520,542 | $ | 2,561,800 | $ | 120,097 | $ | 1,117,454 | $ | 17,582,967 | ||||||||||||||||||||||
Troubled Debt Restructurings on Financing Receivables | ||||||||||||||||||||||||||||||||||||||||||||
Three months ended March 31, 2015 | Three months ended March 31, 2014 | |||||||||||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||
Non-PCI loans and leases | ||||||||||||||||||||||||||||||||||||||||||||
Interest only period provided | ||||||||||||||||||||||||||||||||||||||||||||
Commercial mortgage | — | $ | — | — | $ | — | 4 | $ | 1,911 | 2 | $ | 410 | ||||||||||||||||||||||||||||||||
Commercial and industrial | 1 | 3,796 | 1 | 3,796 | 1 | 196 | — | — | ||||||||||||||||||||||||||||||||||||
Lease financing | — | — | — | — | 2 | 146 | — | — | ||||||||||||||||||||||||||||||||||||
Total interest only | 1 | 3,796 | 1 | 3,796 | 7 | 2,253 | 2 | 410 | ||||||||||||||||||||||||||||||||||||
Loan term extension | ||||||||||||||||||||||||||||||||||||||||||||
Construction and land development - commercial | 1 | 220 | 1 | 220 | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Commercial mortgage | 3 | 535 | — | — | 5 | 2,620 | — | — | ||||||||||||||||||||||||||||||||||||
Lease financing | — | — | — | — | 2 | 234 | — | — | ||||||||||||||||||||||||||||||||||||
Revolving mortgage | 1 | 10 | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Residential mortgage | — | — | — | — | 5 | 338 | — | — | ||||||||||||||||||||||||||||||||||||
Consumer | 1 | 5 | — | — | — | — | 1 | 41 | ||||||||||||||||||||||||||||||||||||
Total loan term extension | 6 | 770 | 1 | 220 | 12 | 3,192 | 1 | 41 | ||||||||||||||||||||||||||||||||||||
Below market interest rate | ||||||||||||||||||||||||||||||||||||||||||||
Construction and land development - commercial | 2 | 47 | — | — | 1 | 82 | — | — | ||||||||||||||||||||||||||||||||||||
Commercial mortgage | 9 | 3,541 | 2 | 733 | 12 | 4,677 | 1 | 449 | ||||||||||||||||||||||||||||||||||||
Commercial and industrial | 3 | 172 | — | — | 2 | 110 | — | — | ||||||||||||||||||||||||||||||||||||
Residential mortgage | 23 | 708 | 2 | 45 | 8 | 451 | 3 | 127 | ||||||||||||||||||||||||||||||||||||
Revolving mortgage | 2 | 18 | — | — | 5 | 278 | — | — | ||||||||||||||||||||||||||||||||||||
Construction and land development - noncommercial | 2 | 396 | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Consumer | 3 | 34 | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Other | 1 | 1,950 | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Total below market interest rate | 45 | 6,866 | 4 | 778 | 28 | 5,598 | 4 | 576 | ||||||||||||||||||||||||||||||||||||
Discharged from bankruptcy | ||||||||||||||||||||||||||||||||||||||||||||
Commercial mortgage | — | — | — | — | 1 | 1,003 | — | — | ||||||||||||||||||||||||||||||||||||
Residential mortgage | 2 | 68 | — | — | 7 | 708 | 2 | 288 | ||||||||||||||||||||||||||||||||||||
Revolving mortgage | 5 | 218 | 2 | 147 | 4 | 229 | — | — | ||||||||||||||||||||||||||||||||||||
Construction and land development-noncommercial | — | — | — | — | 1 | 62 | — | — | ||||||||||||||||||||||||||||||||||||
Consumer | — | — | — | — | 1 | 18 | — | — | ||||||||||||||||||||||||||||||||||||
Total discharged from bankruptcy | 7 | 286 | 2 | 147 | 14 | 2,020 | 2 | 288 | ||||||||||||||||||||||||||||||||||||
Total non-PCI restructurings | 59 | $ | 11,718 | 8 | $ | 4,941 | 61 | $ | 13,063 | 9 | $ | 1,315 | ||||||||||||||||||||||||||||||||
Three months ended March 31, 2015 | Three months ended March 31, 2014 | |||||||||||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||
PCI loans | ||||||||||||||||||||||||||||||||||||||||||||
Interest only period provided | ||||||||||||||||||||||||||||||||||||||||||||
Commercial mortgage | — | $ | — | — | $ | — | 2 | $ | 15,906 | 2 | $ | 15,906 | ||||||||||||||||||||||||||||||||
Total interest only | — | — | — | — | 2 | 15,906 | 2 | 15,906 | ||||||||||||||||||||||||||||||||||||
Loan term extension | ||||||||||||||||||||||||||||||||||||||||||||
Construction and land development - commercial | — | — | — | — | 1 | 281 | — | — | ||||||||||||||||||||||||||||||||||||
Total loan term extension | — | — | — | — | 1 | 281 | — | — | ||||||||||||||||||||||||||||||||||||
Below market interest rate | ||||||||||||||||||||||||||||||||||||||||||||
Construction and land development - commercial | — | — | — | — | 1 | 37 | — | — | ||||||||||||||||||||||||||||||||||||
Commercial mortgage | — | — | — | — | 4 | 5,439 | 1 | 47 | ||||||||||||||||||||||||||||||||||||
Commercial and industrial | — | — | 1 | 65 | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Residential mortgage | 7 | 470 | — | — | 1 | 102 | 1 | 436 | ||||||||||||||||||||||||||||||||||||
Total below market interest rate | 7 | 470 | 1 | 65 | 6 | 5,578 | 2 | 31,812 | ||||||||||||||||||||||||||||||||||||
Total PCI restructurings | 7 | $ | 470 | 1 | $ | 65 | 9 | $ | 21,765 | 4 | $ | 47,718 | ||||||||||||||||||||||||||||||||
The following table provides a summary of total TDRs by accrual status. | ||||||||||||||||||||||||||||||||||||||||||||
March 31, 2015 | December 31, 2014 | |||||||||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | Accruing | Â Nonaccruing | Â Total | Â Accruing | Â Nonaccruing | Â Total | ||||||||||||||||||||||||||||||||||||||
Commercial loans | ||||||||||||||||||||||||||||||||||||||||||||
Construction and land development - | $ | 3,425 | $ | 490 | $ | 3,915 | $ | 2,591 | $ | 446 | $ | 3,037 | ||||||||||||||||||||||||||||||||
commercial | ||||||||||||||||||||||||||||||||||||||||||||
Commercial mortgage | 88,889 | 11,326 | 100,215 | 92,184 | 8,937 | 101,121 | ||||||||||||||||||||||||||||||||||||||
Other commercial real estate | 2,123 | 423 | 2,546 | 2,374 | 449 | 2,823 | ||||||||||||||||||||||||||||||||||||||
Commercial and industrial | 9,248 | 4,768 | 14,016 | 9,864 | 664 | 10,528 | ||||||||||||||||||||||||||||||||||||||
Lease | 1,163 | 329 | 1,492 | 258 | 365 | 623 | ||||||||||||||||||||||||||||||||||||||
Other | — | — | — | 34 | — | 34 | ||||||||||||||||||||||||||||||||||||||
Total commercial TDRs | 104,848 | 17,336 | 122,184 | 107,305 | 10,861 | 118,166 | ||||||||||||||||||||||||||||||||||||||
Noncommercial | ||||||||||||||||||||||||||||||||||||||||||||
Residential | 23,060 | 5,097 | 28,157 | 22,597 | 4,655 | 27,252 | ||||||||||||||||||||||||||||||||||||||
Revolving mortgage | 1,871 | 1,112 | 2,983 | 3,675 | — | 3,675 | ||||||||||||||||||||||||||||||||||||||
Construction and land development - | 733 | — | 733 | 1,391 | — | 1,391 | ||||||||||||||||||||||||||||||||||||||
noncommercial | ||||||||||||||||||||||||||||||||||||||||||||
Consumer and other | 954 | 1,980 | 2,934 | 995 | — | 995 | ||||||||||||||||||||||||||||||||||||||
Total noncommercial TDRs | 26,618 | 8,189 | 34,807 | 28,658 | 4,655 | 33,313 | ||||||||||||||||||||||||||||||||||||||
Total TDRs | $ | 131,466 | $ | 25,525 | $ | 156,991 | $ | 135,963 | $ | 15,516 | $ | 151,479 | ||||||||||||||||||||||||||||||||
The majority of TDRs are included in the special mention, substandard or doubtful grading categories, which results in more elevated loss expectations when determining the expected cash flows that are used to determine the allowance for loan losses associated with these loans. 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. Further, TDRs over $500,000 and graded substandard or lower are evaluated individually for impairment through a review of collateral values. | ||||||||||||||||||||||||||||||||||||||||||||
The following table shows the accrual status of non-PCI and PCI TDRs. | ||||||||||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | March 31, 2015 | December 31, 2014 | ||||||||||||||||||||||||||||||||||||||||||
Accruing TDRs: | ||||||||||||||||||||||||||||||||||||||||||||
PCI | $ | 44,582 | $ | 44,647 | ||||||||||||||||||||||||||||||||||||||||
Non-PCI | 86,884 | 91,316 | ||||||||||||||||||||||||||||||||||||||||||
Total accruing TDRs | 131,466 | 135,963 | ||||||||||||||||||||||||||||||||||||||||||
Nonaccruing TDRs: | ||||||||||||||||||||||||||||||||||||||||||||
PCI | 1,999 | 2,225 | ||||||||||||||||||||||||||||||||||||||||||
Non-PCI | 23,526 | 13,291 | ||||||||||||||||||||||||||||||||||||||||||
Total nonaccruing TDRs | 25,525 | 15,516 | ||||||||||||||||||||||||||||||||||||||||||
All TDRs: | ||||||||||||||||||||||||||||||||||||||||||||
PCI | 46,581 | 46,872 | ||||||||||||||||||||||||||||||||||||||||||
Non-PCI | 110,410 | 104,607 | ||||||||||||||||||||||||||||||||||||||||||
Total TDRs | $ | 156,991 | $ | 151,479 | ||||||||||||||||||||||||||||||||||||||||
Other_Real_Estate_Owned_Tables
Other Real Estate Owned (Tables) | 3 Months Ended | |||||||||||
Mar. 31, 2015 | ||||||||||||
Banking and Thrift [Abstract] | ||||||||||||
Changes in other real estate owned | The following table explains changes in other real estate owned during the three months ended March 31, 2015 and March 31, 2014. | |||||||||||
(Dollars in thousands) | Covered | Noncovered | Total | |||||||||
Balance at December 31, 2013 | $ | 47,081 | $ | 36,898 | $ | 83,979 | ||||||
Additions | 1,514 | 3,318 | 4,832 | |||||||||
Additions acquired in the 1st Financial merger | — | 11,591 | 11,591 | |||||||||
Sales | (4,512 | ) | (5,854 | ) | (10,366 | ) | ||||||
Writedowns | (2,228 | ) | (1,449 | ) | (3,677 | ) | ||||||
Balance at March 31, 2014 | $ | 41,855 | $ | 44,504 | $ | 86,359 | ||||||
Balance at December 31, 2014 | $ | 22,982 | $ | 70,454 | $ | 93,436 | ||||||
Additions | 4,244 | 17,084 | 21,328 | |||||||||
Sales | (8,970 | ) | (13,573 | ) | (22,543 | ) | ||||||
Writedowns | (954 | ) | (1,275 | ) | (2,229 | ) | ||||||
Balance at March 31, 2015 | $ | 17,302 | $ | 72,690 | $ | 89,992 | ||||||
At March 31, 2015 and December 31, 2014, BancShares had $23.2 million and $29.0 million, respectively, of foreclosed residential real estate property in OREO and $20.1 million and $24.8 million, respectively, in recorded investment in consumer mortgage loans collateralized by residential real estate property in the process of foreclosure. |
Receivable_from_FDIC_for_Loss_1
Receivable from FDIC for Loss Share Agreements (Tables) | 3 Months Ended | |||||||
Mar. 31, 2015 | ||||||||
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 periods ended March 31, 2015 and March 31, 2014. | |||||||
Three months ended March 31 | ||||||||
(Dollars in thousands) | 2015 | 2014 | ||||||
Beginning balance | $ | 28,701 | $ | 93,397 | ||||
Amortization | (5,031 | ) | (17,744 | ) | ||||
Cash payments to FDIC | 5,762 | 3,490 | ||||||
Post-acquisition adjustments | (8,092 | ) | (4,359 | ) | ||||
Ending balance | $ | 21,340 | $ | 74,784 | ||||
Estimated_Fair_Values_Tables
Estimated Fair Values (Tables) | 3 Months Ended | |||||||||||||||
Mar. 31, 2015 | ||||||||||||||||
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 March 31, 2015 and December 31, 2014. 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) | March 31, 2015 | December 31, 2014 | ||||||||||||||
Carrying value | Fair value | Carrying value | Fair value | |||||||||||||
Cash and due from banks | $ | 495,901 | $ | 495,901 | $ | 604,182 | $ | 604,182 | ||||||||
Overnight investments | 2,458,923 | 2,458,923 | 1,724,919 | 1,724,919 | ||||||||||||
Investment securities available for sale | 7,045,109 | 7,045,109 | 7,171,917 | 7,171,917 | ||||||||||||
Investment securities held to maturity | 441 | 459 | 518 | 544 | ||||||||||||
Loans held for sale | 66,508 | 66,508 | 63,696 | 63,696 | ||||||||||||
Net loans and leases | 18,886,204 | 18,359,306 | 18,564,999 | 18,046,497 | ||||||||||||
Receivable from the FDIC for loss share agreements (1) | 21,340 | 14,407 | 28,701 | 18,218 | ||||||||||||
Income earned not collected | 63,165 | 63,165 | 57,254 | 57,254 | ||||||||||||
Federal Home Loan Bank stock | 30,291 | 30,291 | 39,113 | 39,113 | ||||||||||||
Preferred stock and other acquired financial assets | 13,689 | 14,688 | 13,689 | 14,708 | ||||||||||||
Mortgage servicing rights | 16,436 | 16,719 | 16,688 | 16,736 | ||||||||||||
Deposits | 26,300,830 | 25,718,225 | 25,678,577 | 25,164,683 | ||||||||||||
Short-term borrowings | 941,850 | 941,850 | 987,184 | 987,184 | ||||||||||||
Long-term obligations | 468,180 | 486,960 | 351,320 | 367,732 | ||||||||||||
Payable to the FDIC for loss share agreements | 118,645 | 126,113 | 116,535 | 122,168 | ||||||||||||
Accrued interest payable | 8,370 | 8,370 | 8,194 | 8,194 | ||||||||||||
Interest rate swap | 3,761 | 3,761 | 4,337 | 4,337 | ||||||||||||
(1) The fair value of the FDIC receivable excludes receivable related to accretable yield to be amortized 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 March 31, 2015 and December 31, 2014. | |||||||||||||||
March 31, 2015 | ||||||||||||||||
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 | $ | 2,246,966 | $ | — | $ | 2,246,966 | $ | — | ||||||||
Government agency | 990,894 | — | 990,894 | — | ||||||||||||
Mortgage-backed securities | 3,807,249 | — | 3,807,249 | — | ||||||||||||
Total investment securities available for sale | 7,045,109 | — | 7,045,109 | — | ||||||||||||
Loans held for sale | 66,508 | — | 66,508 | — | ||||||||||||
Liabilities measured at fair value | ||||||||||||||||
Interest rate swaps accounted for as cash flow hedges | $ | 3,761 | $ | — | $ | 3,761 | $ | — | ||||||||
December 31, 2014 | ||||||||||||||||
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 | $ | 2,629,670 | $ | — | $ | 2,629,670 | $ | — | ||||||||
Government agency | 908,817 | — | 908,817 | — | ||||||||||||
Mortgage-backed securities | 3,633,304 | — | 3,633,304 | — | ||||||||||||
Municipal securities | 126 | — | 126 | — | ||||||||||||
Total investment securities available for sale | 7,171,917 | — | 7,171,917 | — | ||||||||||||
Loans held for sale | 63,696 | — | 63,696 | — | ||||||||||||
Liabilities measured at fair value | ||||||||||||||||
Interest rate swaps accounted for as cash flow hedges | $ | 4,337 | $ | — | $ | 4,337 | $ | — | ||||||||
Fair Value Option | The following table summarizes the difference between the aggregate fair value and the aggregate unpaid principal balance for residential real estate loans held for sale measured at fair value as of March 31, 2015 and December 31, 2014. | |||||||||||||||
March 31, 2015 | ||||||||||||||||
(Dollars in thousands) | Fair Value | Aggregate Unpaid Principal Balance | Difference | |||||||||||||
Loans held for sale | $ | 66,508 | $ | 65,378 | $ | 1,130 | ||||||||||
December 31, 2014 | ||||||||||||||||
Fair Value | Aggregate Unpaid Principal Balance | Difference | ||||||||||||||
Loans held for sale | $ | 63,696 | $ | 62,996 | $ | 700 | ||||||||||
No loans held for sale were 90 or more days past due or on nonaccrual status as of March 31, 2015 or December 31, 2014. | ||||||||||||||||
The changes in fair value for residential real estate loans held for sale for which we elected the fair value option are included in the table below for the three months ended March 31, 2015. | ||||||||||||||||
Three months ended March 31, 2015 | ||||||||||||||||
(Dollars in thousands) | Gains(Losses) From Fair Value Changes | |||||||||||||||
Loans held for sale | $ | 430 | ||||||||||||||
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 March 31, 2015 and December 31, 2014. | |||||||||||||||
March 31, 2015 | ||||||||||||||||
Fair value measurements using: | ||||||||||||||||
(Dollars in thousands) | Fair value | Level 1 inputs | Level 2 inputs | Level 3 inputs | ||||||||||||
Impaired loans | $ | 69,749 | $ | — | $ | — | $ | 69,749 | ||||||||
Other real estate not covered under loss share agreements remeasured during current year | 17,034 | — | — | 17,034 | ||||||||||||
Other real estate covered under loss share agreements remeasured during current year | 3,714 | — | — | 3,714 | ||||||||||||
Mortgage servicing rights | 14,225 | — | — | 14,225 | ||||||||||||
December 31, 2014 | ||||||||||||||||
Fair value measurements using: | ||||||||||||||||
Fair value | Level 1 inputs | Level 2 inputs | Level 3 inputs | |||||||||||||
Impaired loans | $ | 73,170 | $ | — | $ | — | $ | 73,170 | ||||||||
Other real estate not covered under loss share agreements remeasured during current year | 40,714 | — | — | 40,714 | ||||||||||||
Other real estate covered under loss share agreements remeasured during current year | 17,664 | — | — | 17,664 | ||||||||||||
Mortgage servicing rights | 13,562 | — | — | 13,562 | ||||||||||||
Employee_Benefit_Plans_Tables
Employee Benefit Plans (Tables) | 3 Months Ended | |||||||
Mar. 31, 2015 | ||||||||
BancShares Plan | ||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||
Schedule of Net Benefit Costs | BancShares Plan | |||||||
For the three months ended March 31, 2015 and 2014, the components of net periodic benefit cost are as follows: | ||||||||
Three months ended March 31 | ||||||||
(Dollars in thousands) | 2015 | 2014 | ||||||
Service cost | $ | 3,600 | $ | 3,381 | ||||
Interest cost | 6,748 | 6,556 | ||||||
Expected return on assets | (8,295 | ) | (7,812 | ) | ||||
Amortization of prior service cost | 53 | 53 | ||||||
Amortization of net actuarial loss | 2,833 | 1,546 | ||||||
Net periodic benefit cost | $ | 4,939 | $ | 3,724 | ||||
Bancorporation Plan | ||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||
Schedule of Net Benefit Costs | Bancorporation Plan | |||||||
For the three months ended March 31, 2015, the components of net periodic benefit cost are as follows: | ||||||||
Three months ended March 31 | ||||||||
(Dollars in thousands) | 2015 | |||||||
Service cost | $ | 933 | ||||||
Interest cost | 1,628 | |||||||
Expected return on assets | (2,869 | ) | ||||||
Amortization of prior service cost | — | |||||||
Amortization of net actuarial loss | — | |||||||
Net periodic benefit cost | $ | (308 | ) |
Derivatives_Tables
Derivatives (Tables) (Interest Rate Swap) | 3 Months Ended | |||||||||||||||
Mar. 31, 2015 | ||||||||||||||||
Interest Rate Swap | ||||||||||||||||
Derivative [Line Items] | ||||||||||||||||
Schedule Of Interest Rate Swaps | ||||||||||||||||
March 31, 2015 | December 31, 2014 | |||||||||||||||
(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 | $ | 3,761 | $ | 93,500 | $ | 4,337 | ||||||||
Accumulated_Other_Comprehensiv1
Accumulated Other Comprehensive Loss (Tables) | 3 Months Ended | |||||||||||||||||||||||
Mar. 31, 2015 | ||||||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | ||||||||||||||||||||||||
Schedule Of Accumulated Other Comprehensive Income (Loss) | Accumulated other comprehensive income (loss) included the following as of March 31, 2015 and December 31, 2014: | |||||||||||||||||||||||
March 31, 2015 | December 31, 2014 | |||||||||||||||||||||||
(Dollars in thousands) | Accumulated | Deferred | Accumulated | Accumulated | Deferred | Accumulated | ||||||||||||||||||
other | tax expense | other | other | tax expense | other | |||||||||||||||||||
comprehensive | (benefit) | comprehensive | comprehensive | (benefit) | comprehensive | |||||||||||||||||||
income (loss) | income (loss), | gain (loss) | gain (loss), | |||||||||||||||||||||
net of tax | net of tax | |||||||||||||||||||||||
Unrealized gains on investment securities available for sale, net | $ | 33,632 | $ | 13,081 | $ | 20,551 | $ | 8,343 | $ | 3,245 | $ | 5,098 | ||||||||||||
Unrealized loss on cash flow hedge | (3,761 | ) | (1,451 | ) | (2,310 | ) | (4,337 | ) | (1,673 | ) | (2,664 | ) | ||||||||||||
Funded status of defined benefit plan | (87,810 | ) | (34,158 | ) | (53,652 | ) | (90,696 | ) | (35,281 | ) | (55,415 | ) | ||||||||||||
Total | $ | (57,939 | ) | $ | (22,528 | ) | $ | (35,411 | ) | $ | (86,690 | ) | $ | (33,709 | ) | $ | (52,981 | ) | ||||||
The following table highlights changes in accumulated other comprehensive income (loss) by component for the three months ended March 31, 2015 and March 31, 2014: | ||||||||||||||||||||||||
Three months ended March 31, 2015 | ||||||||||||||||||||||||
(Dollars in thousands) | Unrealized gains on available for sale securities1 | Gains (losses) on cash flow hedges1 | Defined benefit pension items1 | Total | ||||||||||||||||||||
Beginning balance | $ | 5,098 | $ | (2,664 | ) | $ | (55,415 | ) | $ | (52,981 | ) | |||||||||||||
Other comprehensive income before reclassifications | 18,602 | 354 | — | 18,956 | ||||||||||||||||||||
Amounts reclassified from accumulated other comprehensive (loss) income | (3,149 | ) | — | 1,763 | (1,386 | ) | ||||||||||||||||||
Net current period other comprehensive income | 15,453 | 354 | 1,763 | 17,570 | ||||||||||||||||||||
Ending balance | $ | 20,551 | $ | (2,310 | ) | $ | (53,652 | ) | $ | (35,411 | ) | |||||||||||||
Three months ended March 31, 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 | 7,256 | 441 | — | 7,697 | ||||||||||||||||||||
Amounts reclassified from accumulated other comprehensive (loss) income | — | — | 977 | 977 | ||||||||||||||||||||
Net current period other comprehensive income | 7,256 | 441 | 977 | 8,674 | ||||||||||||||||||||
Ending balance | $ | (2,835 | ) | $ | (3,993 | ) | $ | (9,766 | ) | $ | (16,594 | ) | ||||||||||||
1 All amounts are net of tax. | ||||||||||||||||||||||||
Reclassification out of Accumulated Other Comprehensive Income | ||||||||||||||||||||||||
(Dollars in thousands) | Three months ended March 31, 2015 | |||||||||||||||||||||||
Details about accumulated other comprehensive loss | Amount reclassified from accumulated other comprehensive (loss) income1 | Affected line item in the statement where net income is presented | ||||||||||||||||||||||
Unrealized gains and losses on available for sale securities | ||||||||||||||||||||||||
$ | 5,126 | Securities gains | ||||||||||||||||||||||
(1,977 | ) | Income taxes | ||||||||||||||||||||||
$ | 3,149 | Net income | ||||||||||||||||||||||
Amortization of defined benefit pension items | ||||||||||||||||||||||||
     Prior service costs | $ | (53 | ) | Employee benefits | ||||||||||||||||||||
     Actuarial losses | (2,833 | ) | Employee benefits | |||||||||||||||||||||
(2,886 | ) | Income before income taxes | ||||||||||||||||||||||
1,123 | Provision for income taxes | |||||||||||||||||||||||
$ | (1,763 | ) | Net income | |||||||||||||||||||||
Total reclassifications for the period | $ | 1,386 | ||||||||||||||||||||||
Three months ended March 31, 2014 | ||||||||||||||||||||||||
Details about accumulated other comprehensive loss | 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 | (1,546 | ) | Employee benefits | |||||||||||||||||||||
(1,599 | ) | Income before income taxes | ||||||||||||||||||||||
622 | Provision for income taxes | |||||||||||||||||||||||
$ | (977 | ) | Net income | |||||||||||||||||||||
Total reclassifications for the period | $ | (977 | ) | |||||||||||||||||||||
1 Amounts in parentheses indicate debits to profit/loss. |
Repurchase_Agreements_Repurcha1
Repurchase Agreements Repurchase Agreements (Tables) | 3 Months Ended | |||||||||||||||||||
Mar. 31, 2015 | ||||||||||||||||||||
Repurchase Agreements [Abstract] | ||||||||||||||||||||
Schedule of Repurchase Agreements [Table Text Block] | The remaining contractual maturity of the securities sold under agreements to repurchase by class of collateral pledged included in short-term borrowings in the Consolidated Balance Sheets as of March 31, 2015 and December 31, 2014 is presented in the following tables. | |||||||||||||||||||
March 31, 2015 | ||||||||||||||||||||
Remaining Contractual Maturity of the Agreements | ||||||||||||||||||||
(Dollars in thousands) | Overnight and continuous | Up to 30 Days | 30-90 Days | Greater than 90 Days | Total | |||||||||||||||
Repurchase agreements | ||||||||||||||||||||
U.S. Treasury | $ | 335,283 | $ | — | $ | — | $ | 23,091 | $ | 358,374 | ||||||||||
Government agency | — | — | — | 6,909 | 6,909 | |||||||||||||||
Total borrowings | $ | 335,283 | $ | — | $ | — | $ | 30,000 | $ | 365,283 | ||||||||||
Gross amount of recognized liabilities for repurchase agreements | $ | 365,283 | ||||||||||||||||||
December 31, 2014 | ||||||||||||||||||||
Remaining Contractual Maturity of the Agreements | ||||||||||||||||||||
Overnight and continuous | Up to 30 Days | 30-90 Days | Greater than 90 Days | Total | ||||||||||||||||
Repurchase agreements | ||||||||||||||||||||
U.S. Treasury | $ | 162,924 | $ | — | $ | — | $ | 23,086 | $ | 186,010 | ||||||||||
Government agency | — | — | — | 6,914 | 6,914 | |||||||||||||||
Mortgage-backed securities | 131,501 | — | — | — | 131,501 | |||||||||||||||
Total borrowings | $ | 294,425 | $ | — | $ | — | $ | 30,000 | $ | 324,425 | ||||||||||
Gross amount of recognized liabilities for repurchase agreements | $ | 324,425 | ||||||||||||||||||
Mortgage_Servicing_Rights_Mort1
Mortgage Servicing Rights Mortgage Servicing Rights (Tables) | 3 Months Ended | |||||||
Mar. 31, 2015 | ||||||||
Mortgage Servicing Rights [Abstract] | ||||||||
Mortgage servicing rights | The activity of the servicing asset for first quarter 2015 and 2014 is presented in the following table: | |||||||
Three months ended March 31 | ||||||||
(Dollars in thousands) | 2015 | 2014 | ||||||
Balance at January 1 | $ | 16,688 | $ | 16 | ||||
Servicing rights originated | 662 | — | ||||||
Amortization | (852 | ) | (164 | ) | ||||
Servicing rights acquired in the 1st Financial merger | — | 148 | ||||||
Valuation allowance provision | $ | (62 | ) | $ | — | |||
Balance at March 31 | $ | 16,436 | $ | — | ||||
Mortgage servicing rights valuation allowance | The following table presents the activity in the servicing asset valuation allowance for first quarter 2015 and 2014: | |||||||
Three months ended March 31 | ||||||||
(Dollars in thousands) | 2015 | 2014 | ||||||
Balance at January 1 | $ | 850 | $ | — | ||||
Valuation allowance provision | 62 | — | ||||||
Balance at March 31 | $ | 912 | $ | — | ||||
Mortgage servicing rights economic assumptions | Valuation of mortgage servicing rights is performed using a pooling methodology. Similar loans are pooled together and evaluated on a discounted earnings basis to determine the present value of future earnings. Key economic assumptions used to value mortgage servicing rights as of March 31, 2015 and December 31, 2014 were as follows: | |||||||
March 31, 2015 | December 31, 2014 | |||||||
Discount rate - conventional fixed loans | 6.95 | % | 7.2 | % | ||||
Discount rate - all loans excluding conventional fixed loans | 8.95 | % | 9.2 | % | ||||
Weighted average constant prepayment rate | 16.07 | % | 14.25 | % | ||||
Weighted average cost to service loans | $ | 56.02 | $ | 56.02 | ||||
Accounting_Policies_and_Basis_2
Accounting Policies and Basis of Presentation Accounting Policies and Basis of Presentation (Recently Adopted Accounting Standards) (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2012 | Mar. 31, 2015 | Dec. 31, 2014 | |
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||
Qualified Affordable Housing Projects Investments | $65,300,000 | $57,100,000 | |
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification | $2,400,000 |
Business_Combinations_Details
Business Combinations (Details) (USD $) | 3 Months Ended | 0 Months Ended | |||||
Mar. 31, 2015 | Mar. 31, 2014 | Oct. 02, 2014 | Feb. 14, 2015 | Feb. 13, 2015 | Jan. 01, 2014 | Oct. 01, 2014 | |
Business Acquisition [Line Items] | |||||||
Certain Loans Acquired in Transfer Accounted for as Debt Securities, Acquired During Period, at Acquisition, at Fair Value | $149,294,000 | $316,327,000 | |||||
Gain on acquisition | 37,555,000 | 0 | |||||
Merger-related expenses | 2,997,000 | 2,453,000 | |||||
Bancorporation | |||||||
Business Acquisition [Line Items] | |||||||
BancShares number of shares owned in Bancorporation | 32,042 | ||||||
Fair value of Bancorporation shares owned by BancShares | 29,551,000 | ||||||
Investment securities available for sale | 2,011,263,000 | ||||||
Loans | 4,491,067,000 | ||||||
Intangible asset | 109,416,000 | ||||||
Total assets acquired | 8,275,367,000 | ||||||
Deposits | 7,174,817,000 | ||||||
Total liabilities assumed | 7,655,408,000 | ||||||
Cash paid to shareholders | -30,394,000 | ||||||
Cash and overnight investments | 1,280,000,000 | ||||||
Goodwill acquired | 4,233,000 | ||||||
Pro forma revenue | 323,524,000 | ||||||
Pro forma net income | 37,230,000 | ||||||
Capitol City Bank and Trust | |||||||
Business Acquisition [Line Items] | |||||||
Cash and cash equivalents | 19,622,000 | ||||||
Investment securities available for sale | 35,413,000 | ||||||
Intangible asset | 500,000 | ||||||
Other assets | 1,731,000 | ||||||
Total assets acquired | 206,560,000 | ||||||
Deposits | 266,352,000 | ||||||
Short-term borrowings | 5,501,000 | ||||||
Other liabilities | 667,000 | ||||||
Total liabilities assumed | 272,520,000 | ||||||
Fair value of net assets (liabilities) assumed | -65,960,000 | ||||||
Cash received from FDIC | 103,515,000 | ||||||
Gain on acquisition | 37,555,000 | ||||||
Merger-related expenses | 200,000 | ||||||
Revenue generated | 1,300,000 | ||||||
Class A Common Stock | Bancorporation | |||||||
Business Acquisition [Line Items] | |||||||
Right to receive number of shares conversion | 2,586,762 | ||||||
Value of shares of BancShares common stock issued to Bancorporation | 560,370,000 | ||||||
Class B Common Stock | Bancorporation | |||||||
Business Acquisition [Line Items] | |||||||
Right to receive number of shares conversion | 18,202 | ||||||
Value of shares of BancShares common stock issued to Bancorporation | 3,877,000 | ||||||
Shares and Cash | Bancorporation | |||||||
Business Acquisition [Line Items] | |||||||
Right to receive cash per share | $50 | ||||||
Shares and Cash | Class A Common Stock | Bancorporation | |||||||
Business Acquisition [Line Items] | |||||||
Right to receive number of shares conversion | 4 | ||||||
Shares Only | Class A Common Stock | Bancorporation | |||||||
Business Acquisition [Line Items] | |||||||
Right to receive number of shares conversion | 3.58 | ||||||
Shares Only | Class B Common Stock | Bancorporation | |||||||
Business Acquisition [Line Items] | |||||||
Right to receive number of shares conversion | 0.42 |
Business_Combinations_Loans_Ac
Business Combinations (Loans Acquired) (Details) (USD $) | Feb. 13, 2015 | Jan. 01, 2014 |
In Thousands, unless otherwise specified | ||
Business Acquisition [Line Items] | ||
Certain Loans Acquired in Transfer Accounted for as Debt Securities, Acquired During Period, at Acquisition, at Fair Value | $149,294 | $316,327 |
Commercial | ||
Business Acquisition [Line Items] | ||
Certain Loans Acquired in Transfer Accounted for as Debt Securities, Acquired During Period, at Acquisition, at Fair Value | 135,604 | |
Commercial | Construction and land development | ||
Business Acquisition [Line Items] | ||
Certain Loans Acquired in Transfer Accounted for as Debt Securities, Acquired During Period, at Acquisition, at Fair Value | 4,221 | |
Commercial | Mortgage | ||
Business Acquisition [Line Items] | ||
Certain Loans Acquired in Transfer Accounted for as Debt Securities, Acquired During Period, at Acquisition, at Fair Value | 125,202 | |
Commercial | Other commercial real estate | ||
Business Acquisition [Line Items] | ||
Certain Loans Acquired in Transfer Accounted for as Debt Securities, Acquired During Period, at Acquisition, at Fair Value | 3,132 | |
Commercial | Commercial and industrial | ||
Business Acquisition [Line Items] | ||
Certain Loans Acquired in Transfer Accounted for as Debt Securities, Acquired During Period, at Acquisition, at Fair Value | 3,049 | |
Noncommerical | ||
Business Acquisition [Line Items] | ||
Certain Loans Acquired in Transfer Accounted for as Debt Securities, Acquired During Period, at Acquisition, at Fair Value | 13,690 | |
Noncommerical | Mortgage | ||
Business Acquisition [Line Items] | ||
Certain Loans Acquired in Transfer Accounted for as Debt Securities, Acquired During Period, at Acquisition, at Fair Value | 12,050 | |
Noncommerical | Consumer | ||
Business Acquisition [Line Items] | ||
Certain Loans Acquired in Transfer Accounted for as Debt Securities, Acquired During Period, at Acquisition, at Fair Value | $1,640 |
Investments_Aggregate_Values_a
Investments (Aggregate Values and Unrealized Gains and Losses) (Details) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Investment securities available for sale | ||
Cost | $7,011,477 | $7,163,574 |
Gross Unrealized Gains | 39,354 | 20,589 |
Gross Unrealized Losses | 5,722 | 12,246 |
Fair Value | 7,045,109 | 7,171,917 |
Investment securities held to maturity | ||
Cost | 441 | 518 |
U. S. Treasury | ||
Investment securities available for sale | ||
Cost | 2,237,002 | 2,626,900 |
Gross Unrealized Gains | 9,966 | 2,922 |
Gross Unrealized Losses | 2 | 152 |
Fair Value | 2,246,966 | 2,629,670 |
Government Agency | ||
Investment securities available for sale | ||
Cost | 988,563 | 908,362 |
Gross Unrealized Gains | 2,382 | 702 |
Gross Unrealized Losses | 51 | 247 |
Fair Value | 990,894 | 908,817 |
Mortgage Backed Securities, Other [Member] | ||
Investment securities available for sale | ||
Cost | 3,785,912 | 3,628,187 |
Gross Unrealized Gains | 27,006 | 16,964 |
Gross Unrealized Losses | 5,669 | 11,847 |
Fair Value | 3,807,249 | 3,633,304 |
Investment securities held to maturity | ||
Cost | 441 | 518 |
Held To Maturity Securities Accumulated Unrecognized Holding Gain | 18 | 26 |
Held To Maturity Securities Accumulated Unrecognized Holding Loss | 0 | 0 |
Fair Value | 459 | 544 |
State, County and Municipal | ||
Investment securities available for sale | ||
Cost | 125 | |
Gross Unrealized Gains | 1 | |
Gross Unrealized Losses | 0 | |
Fair Value | $126 |
Investments_Maturity_Informati
Investments (Maturity Information) (Details) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Investment securities available for sale | ||
Total investment securities available for sale, cost | $7,011,477 | $7,163,574 |
Total investment securities available for sale, fair value | 7,045,109 | 7,171,917 |
Investment securities held to maturity | ||
Investment securities held to maturity | 441 | 518 |
Debt Securities | ||
Investment securities available for sale | ||
Maturing in one year or less, cost | 504,826 | 447,866 |
Maturing in one through five years, cost | 2,720,739 | 3,087,521 |
Maturing in one year or less, fair value | 505,182 | 447,992 |
Maturing in one through five years, fair value | 2,732,678 | 3,090,621 |
Mortgage Backed Securities, Other [Member] | ||
Investment securities available for sale | ||
Total investment securities available for sale, cost | 3,785,912 | 3,628,187 |
Total investment securities available for sale, fair value | 3,807,249 | 3,633,304 |
Investment securities held to maturity | ||
Investment securities held to maturity | 441 | 518 |
Fair Value | $459 | $544 |
Investments_Unrealized_Losses_
Investments (Unrealized Losses) (Details) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Investment securities available for sale: | ||
Fair Value, Less than 12 months | $645,300 | $1,173,274 |
Unrealized Losses, Less than 12 months | 1,698 | 2,203 |
Fair Value, 12 months or more | 317,685 | 832,420 |
Unrealized Losses, Greater than 12 months | 4,024 | 10,043 |
Fair Value, Total | 962,985 | 2,005,694 |
Unrealized Losses, Total | 5,722 | 12,246 |
U. S. Treasury | ||
Investment securities available for sale: | ||
Fair Value, Less than 12 months | 13,024 | 338,612 |
Unrealized Losses, Less than 12 months | 2 | 151 |
Fair Value, 12 months or more | 0 | 1,015 |
Unrealized Losses, Greater than 12 months | 0 | 1 |
Fair Value, Total | 13,024 | 339,627 |
Unrealized Losses, Total | 2 | 152 |
Government Agency | ||
Investment securities available for sale: | ||
Fair Value, Less than 12 months | 69,660 | 261,288 |
Unrealized Losses, Less than 12 months | 51 | 247 |
Fair Value, 12 months or more | 0 | 0 |
Unrealized Losses, Greater than 12 months | 0 | 0 |
Fair Value, Total | 69,660 | 261,288 |
Unrealized Losses, Total | 51 | 247 |
Mortgage Backed Securities, Other [Member] | ||
Investment securities available for sale: | ||
Fair Value, Less than 12 months | 562,616 | 573,374 |
Unrealized Losses, Less than 12 months | 1,645 | 1,805 |
Fair Value, 12 months or more | 317,685 | 831,405 |
Unrealized Losses, Greater than 12 months | 4,024 | 10,042 |
Fair Value, Total | 880,301 | 1,404,779 |
Unrealized Losses, Total | 5,669 | 11,847 |
State, County and Municipal | ||
Investment securities available for sale: | ||
Unrealized Losses, Total | $0 |
Investments_Narrative_Details
Investments (Narrative) (Details) (USD $) | 3 Months Ended | ||
Mar. 31, 2015 | Mar. 31, 2014 | Dec. 31, 2014 | |
investments | |||
Investments [Abstract] | |||
Securities gains (losses) | $5,126,000 | $0 | |
Unrealized Losses Related to Marketability of Securities or Issuer's Ability to Honor Redemption Obligations | 0 | 0 | |
Fair Value, 12 months or more in unrealized loss position | 317,685,000 | 832,420,000 | |
Unrealized Losses, Greater than 12 months | 4,024,000 | 10,043,000 | |
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Greater than or Equal to One Year | 38 | ||
Investment value deemed to be OTTI | 0 | ||
Investment securities, aggregate carrying value, pledged as collateral | $4,450,000,000 | $4,370,000,000 |
Investments_Securities_Gains_L
Investments (Securities Gains (Losses)) (Details) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
Investments [Abstract] | ||
Gross gains on sales of investment securities available for sale | $5,135 | $0 |
Gross losses on sales of investment securities available for sale | 9 | 0 |
Total securities gains (losses) | $5,126 | $0 |
Loans_and_Leases_Narrative_Det
Loans and Leases (Narrative) (Details) (USD $) | 3 Months Ended | |||
Mar. 31, 2015 | Dec. 31, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | |
Financing Receivable, Recorded Investment [Line Items] | ||||
PCI loans | $1,247,343,000 | $1,186,498,000 | $1,270,818,000 | $1,029,426,000 |
Noncovered loans pledged to secure debt obligations | 3,250,000,000 | 3,160,000,000 | ||
Charge off of past due business credit card loans (days) | 120 days | |||
Loans and Leases Receivable, Collateral for Secured Borrowings | 2,300,000,000 | 2,200,000,000 | ||
Advances from Federal Home Loan Banks | 290,300,000 | 240,300,000 | ||
Federal Home Loan Bank Advances, Current Borrowing Capacity | 2,010,000,000 | 1,960,000,000 | ||
Loans and Leases Receivable, Gross, Carrying Amount, Covered | 443,100,000 | 485,300,000 | ||
Bancorporation | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Purchase Discount Remaining | 55,700,000 | 61,200,000 | ||
Sun American Bank | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
PCI loans | 43,200,000 | |||
First Regional Bank | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
PCI loans | 53,900,000 | |||
Williamsburg First National Bank | ||||
Financing Receivable, Recorded Investment [Line Items] | ||||
PCI loans | $8,400,000 |
Loans_and_Leases_Loans_and_Lea
Loans and Leases (Loans and Leases Outstanding) (Details) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||||
Originated | $17,844,414 | $17,582,967 | ||
PCI loans | 1,247,343 | 1,186,498 | 1,270,818 | 1,029,426 |
Total loans and leases | 19,091,757 | 18,769,465 | ||
Commercial | ||||
Originated | 11,493,458 | 11,263,074 | ||
PCI loans | 791,756 | 726,123 | ||
Commercial | Construction and land development | ||||
Originated | 608,556 | 550,568 | ||
PCI loans | 70,049 | 78,079 | ||
Commercial | Mortgage | ||||
Originated | 7,591,745 | 7,552,948 | ||
PCI loans | 653,846 | 577,518 | ||
Commercial | Commercial and industrial | ||||
Originated | 2,072,414 | 1,988,934 | ||
PCI loans | 24,134 | 27,254 | ||
Commercial | Lease financing | ||||
Originated | 603,737 | 571,916 | ||
Commercial | Other commercial real estate | ||||
Originated | 262,293 | 244,875 | ||
PCI loans | 40,841 | 40,193 | ||
Commercial | Other | ||||
Originated | 354,713 | 353,833 | ||
PCI loans | 2,886 | 3,079 | ||
Noncommerical | ||||
Originated | 6,350,956 | 6,319,893 | ||
PCI loans | 455,587 | 460,375 | ||
Noncommerical | Mortgage | ||||
Originated | 2,524,549 | 2,520,542 | ||
PCI loans | 380,490 | 382,340 | ||
Noncommerical | Construction and land development | ||||
Originated | 170,208 | 120,097 | ||
PCI loans | 874 | 912 | ||
Noncommerical | Revolving mortgage | ||||
Originated | 2,528,257 | 2,561,800 | ||
PCI loans | 70,363 | 74,109 | ||
Noncommerical | Consumer | ||||
Originated | 1,127,942 | 1,117,454 | ||
PCI loans | $3,860 | $3,014 |
Loans_and_Leases_Composition_o
Loans and Leases (Composition of the Loans and Leases Outstanding By Credit Quality Indicator) (Details) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
PCI loans | $1,247,343 | $1,186,498 | $1,270,818 | $1,029,426 |
Commercial | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans and leases, not acquired in a transfer accounted for as debt securities | 11,493,458 | 11,263,074 | ||
PCI loans | 791,756 | 726,123 | ||
Commercial | Construction and land development | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans and leases, not acquired in a transfer accounted for as debt securities | 608,556 | 550,568 | ||
PCI loans | 70,049 | 78,079 | ||
Commercial | Mortgage | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans and leases, not acquired in a transfer accounted for as debt securities | 7,591,745 | 7,552,948 | ||
PCI loans | 653,846 | 577,518 | ||
Commercial | Other commercial real estate | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans and leases, not acquired in a transfer accounted for as debt securities | 262,293 | 244,875 | ||
PCI loans | 40,841 | 40,193 | ||
Commercial | Commercial and industrial | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans and leases, not acquired in a transfer accounted for as debt securities | 2,072,414 | 1,988,934 | ||
PCI loans | 24,134 | 27,254 | ||
Commercial | Lease financing | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans and leases, not acquired in a transfer accounted for as debt securities | 603,737 | 571,916 | ||
Commercial | Other | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans and leases, not acquired in a transfer accounted for as debt securities | 354,713 | 353,833 | ||
PCI loans | 2,886 | 3,079 | ||
Commercial | Pass | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans and leases, not acquired in a transfer accounted for as debt securities | 11,070,735 | 10,825,323 | ||
PCI loans | 371,135 | 342,172 | ||
Commercial | Pass | Construction and land development | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans and leases, not acquired in a transfer accounted for as debt securities | 590,298 | 525,711 | ||
PCI loans | 13,832 | 13,514 | ||
Commercial | Pass | Mortgage | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans and leases, not acquired in a transfer accounted for as debt securities | 7,341,243 | 7,284,714 | ||
PCI loans | 333,368 | 300,187 | ||
Commercial | Pass | Other commercial real estate | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans and leases, not acquired in a transfer accounted for as debt securities | 260,592 | 242,053 | ||
PCI loans | 9,727 | 11,033 | ||
Commercial | Pass | Commercial and industrial | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans and leases, not acquired in a transfer accounted for as debt securities | 1,931,078 | 1,859,415 | ||
PCI loans | 13,525 | 16,637 | ||
Commercial | Pass | Lease financing | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans and leases, not acquired in a transfer accounted for as debt securities | 597,464 | 564,319 | ||
Commercial | Pass | Other | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans and leases, not acquired in a transfer accounted for as debt securities | 350,060 | 349,111 | ||
PCI loans | 683 | 801 | ||
Commercial | Special Mention | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans and leases, not acquired in a transfer accounted for as debt securities | 157,884 | 182,453 | ||
PCI loans | 141,884 | 125,195 | ||
Commercial | Special Mention | Construction and land development | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans and leases, not acquired in a transfer accounted for as debt securities | 15,679 | 20,025 | ||
PCI loans | 4,287 | 6,063 | ||
Commercial | Special Mention | Mortgage | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans and leases, not acquired in a transfer accounted for as debt securities | 115,411 | 129,247 | ||
PCI loans | 118,209 | 98,724 | ||
Commercial | Special Mention | Other commercial real estate | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans and leases, not acquired in a transfer accounted for as debt securities | 501 | 909 | ||
PCI loans | 16,425 | 16,271 | ||
Commercial | Special Mention | Commercial and industrial | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans and leases, not acquired in a transfer accounted for as debt securities | 21,771 | 27,683 | ||
PCI loans | 2,963 | 4,137 | ||
Commercial | Special Mention | Lease financing | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans and leases, not acquired in a transfer accounted for as debt securities | 2,609 | 3,205 | ||
Commercial | Special Mention | Other | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans and leases, not acquired in a transfer accounted for as debt securities | 1,913 | 1,384 | ||
PCI loans | 0 | 0 | ||
Commercial | Substandard | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans and leases, not acquired in a transfer accounted for as debt securities | 149,792 | 157,333 | ||
PCI loans | 259,917 | 247,138 | ||
Commercial | Substandard | Construction and land development | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans and leases, not acquired in a transfer accounted for as debt securities | 2,291 | 4,720 | ||
PCI loans | 44,663 | 53,739 | ||
Commercial | Substandard | Mortgage | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans and leases, not acquired in a transfer accounted for as debt securities | 131,672 | 134,677 | ||
PCI loans | 193,435 | 171,920 | ||
Commercial | Substandard | Other commercial real estate | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans and leases, not acquired in a transfer accounted for as debt securities | 1,049 | 1,765 | ||
PCI loans | 12,948 | 12,889 | ||
Commercial | Substandard | Commercial and industrial | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans and leases, not acquired in a transfer accounted for as debt securities | 8,806 | 8,878 | ||
PCI loans | 6,739 | 6,312 | ||
Commercial | Substandard | Lease financing | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans and leases, not acquired in a transfer accounted for as debt securities | 3,284 | 3,955 | ||
Commercial | Substandard | Other | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans and leases, not acquired in a transfer accounted for as debt securities | 2,690 | 3,338 | ||
PCI loans | 2,132 | 2,278 | ||
Commercial | Doubtful | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans and leases, not acquired in a transfer accounted for as debt securities | 6,770 | 2,895 | ||
PCI loans | 15,437 | 9,241 | ||
Commercial | Doubtful | Construction and land development | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans and leases, not acquired in a transfer accounted for as debt securities | 0 | 0 | ||
PCI loans | 4,656 | 2,809 | ||
Commercial | Doubtful | Mortgage | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans and leases, not acquired in a transfer accounted for as debt securities | 2,039 | 2,366 | ||
PCI loans | 8,456 | 6,302 | ||
Commercial | Doubtful | Other commercial real estate | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans and leases, not acquired in a transfer accounted for as debt securities | 0 | 0 | ||
PCI loans | 1,741 | 0 | ||
Commercial | Doubtful | Commercial and industrial | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans and leases, not acquired in a transfer accounted for as debt securities | 4,402 | 164 | ||
PCI loans | 513 | 130 | ||
Commercial | Doubtful | Lease financing | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans and leases, not acquired in a transfer accounted for as debt securities | 329 | 365 | ||
Commercial | Doubtful | Other | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans and leases, not acquired in a transfer accounted for as debt securities | 0 | 0 | ||
PCI loans | 71 | 0 | ||
Commercial | Ungraded | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans and leases, not acquired in a transfer accounted for as debt securities | 108,277 | 95,070 | ||
PCI loans | 3,383 | 2,377 | ||
Commercial | Ungraded | Construction and land development | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans and leases, not acquired in a transfer accounted for as debt securities | 288 | 112 | ||
PCI loans | 2,611 | 1,954 | ||
Commercial | Ungraded | Mortgage | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans and leases, not acquired in a transfer accounted for as debt securities | 1,380 | 1,944 | ||
PCI loans | 378 | 385 | ||
Commercial | Ungraded | Other commercial real estate | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans and leases, not acquired in a transfer accounted for as debt securities | 151 | 148 | ||
PCI loans | 0 | 0 | ||
Commercial | Ungraded | Commercial and industrial | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans and leases, not acquired in a transfer accounted for as debt securities | 106,357 | 92,794 | ||
PCI loans | 394 | 38 | ||
Commercial | Ungraded | Lease financing | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans and leases, not acquired in a transfer accounted for as debt securities | 51 | 72 | ||
Commercial | Ungraded | Other | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans and leases, not acquired in a transfer accounted for as debt securities | 50 | 0 | ||
PCI loans | 0 | 0 | ||
Noncommerical | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
PCI loans | 455,587 | 460,375 | ||
Noncommerical | Mortgage | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
PCI loans | 380,490 | 382,340 | ||
Noncommerical | Revolving mortgage | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
PCI loans | 70,363 | 74,109 | ||
Noncommerical | Construction and land development | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
PCI loans | 874 | 912 | ||
Noncommerical | Consumer | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
PCI loans | 3,860 | 3,014 | ||
Purchased credit-impaired | Noncommerical | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Current | 388,349 | 398,225 | ||
PCI loans | 455,587 | 460,375 | ||
30-59 Days Past Due | 21,672 | 12,984 | ||
60-89 Days Past Due | 7,836 | 10,443 | ||
90 Days or Greater | 37,730 | 38,723 | ||
Purchased credit-impaired | Noncommerical | Mortgage | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Current | 320,607 | 326,589 | ||
PCI loans | 380,490 | 382,340 | ||
30-59 Days Past Due | 18,742 | 11,432 | ||
60-89 Days Past Due | 6,804 | 10,073 | ||
90 Days or Greater | 34,337 | 34,246 | ||
Purchased credit-impaired | Noncommerical | Revolving mortgage | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Current | 63,579 | 68,548 | ||
PCI loans | 70,363 | 74,109 | ||
30-59 Days Past Due | 2,800 | 1,405 | ||
60-89 Days Past Due | 1,019 | 345 | ||
90 Days or Greater | 2,965 | 3,811 | ||
Purchased credit-impaired | Noncommerical | Construction and land development | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Current | 592 | 506 | ||
PCI loans | 874 | 912 | ||
30-59 Days Past Due | 0 | 0 | ||
60-89 Days Past Due | 0 | 0 | ||
90 Days or Greater | 282 | 406 | ||
Purchased credit-impaired | Noncommerical | Consumer | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Current | 3,571 | 2,582 | ||
PCI loans | 3,860 | 3,014 | ||
30-59 Days Past Due | 130 | 147 | ||
60-89 Days Past Due | 13 | 25 | ||
90 Days or Greater | 146 | 260 | ||
Non-PCI Loans | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans and leases, not acquired in a transfer accounted for as debt securities | 17,844,414 | 17,582,967 | ||
Current | 17,732,161 | 17,481,500 | ||
30-59 Days Past Due | 71,450 | 57,321 | ||
60-89 Days Past Due | 15,735 | 19,548 | ||
90 Days or Greater | 25,068 | 24,598 | ||
Non-PCI Loans | Commercial | Construction and land development | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans and leases, not acquired in a transfer accounted for as debt securities | 608,556 | 550,568 | ||
Current | 604,091 | 547,766 | ||
30-59 Days Past Due | 2,709 | 1,796 | ||
60-89 Days Past Due | 712 | 621 | ||
90 Days or Greater | 1,044 | 385 | ||
Non-PCI Loans | Commercial | Mortgage | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans and leases, not acquired in a transfer accounted for as debt securities | 7,591,745 | 7,552,948 | ||
Current | 7,554,745 | 7,528,738 | ||
30-59 Days Past Due | 22,635 | 11,367 | ||
60-89 Days Past Due | 5,920 | 4,782 | ||
90 Days or Greater | 8,445 | 8,061 | ||
Non-PCI Loans | Commercial | Other commercial real estate | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans and leases, not acquired in a transfer accounted for as debt securities | 262,293 | 244,875 | ||
Current | 261,456 | 244,497 | ||
30-59 Days Past Due | 583 | 206 | ||
60-89 Days Past Due | 58 | 70 | ||
90 Days or Greater | 196 | 102 | ||
Non-PCI Loans | Commercial | Commercial and industrial | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans and leases, not acquired in a transfer accounted for as debt securities | 2,072,414 | 1,988,934 | ||
Current | 2,063,830 | 1,984,168 | ||
30-59 Days Past Due | 6,290 | 2,843 | ||
60-89 Days Past Due | 1,724 | 1,545 | ||
90 Days or Greater | 570 | 378 | ||
Non-PCI Loans | Commercial | Lease financing | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans and leases, not acquired in a transfer accounted for as debt securities | 603,737 | 571,916 | ||
Current | 603,250 | 570,275 | ||
30-59 Days Past Due | 476 | 1,631 | ||
60-89 Days Past Due | 11 | 8 | ||
90 Days or Greater | 0 | 2 | ||
Non-PCI Loans | Commercial | Other | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans and leases, not acquired in a transfer accounted for as debt securities | 354,713 | 353,833 | ||
Current | 354,135 | 351,721 | ||
30-59 Days Past Due | 380 | 146 | ||
60-89 Days Past Due | 65 | 1,966 | ||
90 Days or Greater | 133 | 0 | ||
Non-PCI Loans | Noncommerical | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans and leases, not acquired in a transfer accounted for as debt securities | 6,350,956 | 6,319,893 | ||
Current | 6,290,654 | 6,254,335 | ||
30-59 Days Past Due | 38,377 | 39,332 | ||
60-89 Days Past Due | 7,245 | 10,556 | ||
90 Days or Greater | 14,680 | 15,670 | ||
Non-PCI Loans | Noncommerical | Mortgage | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans and leases, not acquired in a transfer accounted for as debt securities | 2,524,549 | 2,520,542 | ||
Current | 2,490,453 | 2,482,281 | ||
30-59 Days Past Due | 21,844 | 23,288 | ||
60-89 Days Past Due | 2,896 | 6,018 | ||
90 Days or Greater | 9,356 | 8,955 | ||
Non-PCI Loans | Noncommerical | Revolving mortgage | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans and leases, not acquired in a transfer accounted for as debt securities | 2,528,257 | 2,561,800 | ||
Current | 2,510,879 | 2,542,807 | ||
30-59 Days Past Due | 10,288 | 11,097 | ||
60-89 Days Past Due | 2,794 | 2,433 | ||
90 Days or Greater | 4,296 | 5,463 | ||
Non-PCI Loans | Noncommerical | Construction and land development | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans and leases, not acquired in a transfer accounted for as debt securities | 170,208 | 120,097 | ||
Current | 168,199 | 119,094 | ||
30-59 Days Past Due | 2,009 | 370 | ||
60-89 Days Past Due | 0 | 486 | ||
90 Days or Greater | 0 | 147 | ||
Non-PCI Loans | Noncommerical | Consumer | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans and leases, not acquired in a transfer accounted for as debt securities | 1,127,942 | 1,117,454 | ||
Current | 1,121,123 | 1,110,153 | ||
30-59 Days Past Due | 4,236 | 4,577 | ||
60-89 Days Past Due | 1,555 | 1,619 | ||
90 Days or Greater | $1,028 | $1,105 |
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 $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Commercial | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and leases, not acquired in a transfer accounted for as debt securities | $11,493,458 | $11,263,074 |
Commercial | Construction and land development | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and leases, not acquired in a transfer accounted for as debt securities | 608,556 | 550,568 |
Commercial | Mortgage | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and leases, not acquired in a transfer accounted for as debt securities | 7,591,745 | 7,552,948 |
Commercial | Other commercial real estate | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and leases, not acquired in a transfer accounted for as debt securities | 262,293 | 244,875 |
Commercial | Commercial and industrial | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and leases, not acquired in a transfer accounted for as debt securities | 2,072,414 | 1,988,934 |
Commercial | Lease financing | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and leases, not acquired in a transfer accounted for as debt securities | 603,737 | 571,916 |
Commercial | Other | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and leases, not acquired in a transfer accounted for as debt securities | 354,713 | 353,833 |
Non-PCI Loans | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
30-59 Days Past Due | 71,450 | 57,321 |
60-89 Days Past Due | 15,735 | 19,548 |
90 Days or Greater | 25,068 | 24,598 |
Total | 112,253 | 101,467 |
Current | 17,732,161 | 17,481,500 |
Loans and leases, not acquired in a transfer accounted for as debt securities | 17,844,414 | 17,582,967 |
Non-PCI Loans | Commercial | Construction and land development | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
30-59 Days Past Due | 2,709 | 1,796 |
60-89 Days Past Due | 712 | 621 |
90 Days or Greater | 1,044 | 385 |
Total | 4,465 | 2,802 |
Current | 604,091 | 547,766 |
Loans and leases, not acquired in a transfer accounted for as debt securities | 608,556 | 550,568 |
Non-PCI Loans | Commercial | Mortgage | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
30-59 Days Past Due | 22,635 | 11,367 |
60-89 Days Past Due | 5,920 | 4,782 |
90 Days or Greater | 8,445 | 8,061 |
Total | 37,000 | 24,210 |
Current | 7,554,745 | 7,528,738 |
Loans and leases, not acquired in a transfer accounted for as debt securities | 7,591,745 | 7,552,948 |
Non-PCI Loans | Commercial | Other commercial real estate | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
30-59 Days Past Due | 583 | 206 |
60-89 Days Past Due | 58 | 70 |
90 Days or Greater | 196 | 102 |
Total | 837 | 378 |
Current | 261,456 | 244,497 |
Loans and leases, not acquired in a transfer accounted for as debt securities | 262,293 | 244,875 |
Non-PCI Loans | Commercial | Commercial and industrial | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
30-59 Days Past Due | 6,290 | 2,843 |
60-89 Days Past Due | 1,724 | 1,545 |
90 Days or Greater | 570 | 378 |
Total | 8,584 | 4,766 |
Current | 2,063,830 | 1,984,168 |
Loans and leases, not acquired in a transfer accounted for as debt securities | 2,072,414 | 1,988,934 |
Non-PCI Loans | Commercial | Lease financing | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
30-59 Days Past Due | 476 | 1,631 |
60-89 Days Past Due | 11 | 8 |
90 Days or Greater | 0 | 2 |
Total | 487 | 1,641 |
Current | 603,250 | 570,275 |
Loans and leases, not acquired in a transfer accounted for as debt securities | 603,737 | 571,916 |
Non-PCI Loans | Commercial | Other | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
30-59 Days Past Due | 380 | 146 |
60-89 Days Past Due | 65 | 1,966 |
90 Days or Greater | 133 | 0 |
Total | 578 | 2,112 |
Current | 354,135 | 351,721 |
Loans and leases, not acquired in a transfer accounted for as debt securities | 354,713 | 353,833 |
Non-PCI Loans | Noncommerical | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
30-59 Days Past Due | 38,377 | 39,332 |
60-89 Days Past Due | 7,245 | 10,556 |
90 Days or Greater | 14,680 | 15,670 |
Current | 6,290,654 | 6,254,335 |
Loans and leases, not acquired in a transfer accounted for as debt securities | 6,350,956 | 6,319,893 |
Non-PCI Loans | Noncommerical | Mortgage | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
30-59 Days Past Due | 21,844 | 23,288 |
60-89 Days Past Due | 2,896 | 6,018 |
90 Days or Greater | 9,356 | 8,955 |
Total | 34,096 | 38,261 |
Current | 2,490,453 | 2,482,281 |
Loans and leases, not acquired in a transfer accounted for as debt securities | 2,524,549 | 2,520,542 |
Non-PCI Loans | Noncommerical | Revolving mortgage | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
30-59 Days Past Due | 10,288 | 11,097 |
60-89 Days Past Due | 2,794 | 2,433 |
90 Days or Greater | 4,296 | 5,463 |
Total | 17,378 | 18,993 |
Current | 2,510,879 | 2,542,807 |
Loans and leases, not acquired in a transfer accounted for as debt securities | 2,528,257 | 2,561,800 |
Non-PCI Loans | Noncommerical | Construction and land development | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
30-59 Days Past Due | 2,009 | 370 |
60-89 Days Past Due | 0 | 486 |
90 Days or Greater | 0 | 147 |
Total | 2,009 | 1,003 |
Current | 168,199 | 119,094 |
Loans and leases, not acquired in a transfer accounted for as debt securities | 170,208 | 120,097 |
Non-PCI Loans | Noncommerical | Consumer | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
30-59 Days Past Due | 4,236 | 4,577 |
60-89 Days Past Due | 1,555 | 1,619 |
90 Days or Greater | 1,028 | 1,105 |
Total | 6,819 | 7,301 |
Current | 1,121,123 | 1,110,153 |
Loans and leases, not acquired in a transfer accounted for as debt securities | $1,127,942 | $1,117,454 |
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) (Non-PCI Loans, USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Nonaccruing | $66,046 | $44,005 |
Loans and leases greater than 90 days and accruing | 3,089 | 11,250 |
Commercial | Construction and land development | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Nonaccruing | 1,497 | 343 |
Loans and leases greater than 90 days and accruing | 202 | 111 |
Commercial | Mortgage | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Nonaccruing | 26,058 | 24,720 |
Loans and leases greater than 90 days and accruing | 764 | 1,003 |
Commercial | Other commercial real estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Nonaccruing | 650 | 619 |
Loans and leases greater than 90 days and accruing | 0 | 35 |
Commercial | Commercial and industrial | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Nonaccruing | 5,691 | 1,741 |
Loans and leases greater than 90 days and accruing | 294 | 239 |
Commercial | Lease financing | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Nonaccruing | 346 | 374 |
Loans and leases greater than 90 days and accruing | 0 | 2 |
Noncommerical | Mortgage | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Nonaccruing | 19,238 | 14,242 |
Loans and leases greater than 90 days and accruing | 1,153 | 3,191 |
Noncommerical | Other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Nonaccruing | 2,052 | 1,966 |
Loans and leases greater than 90 days and accruing | 31 | 0 |
Noncommerical | Construction and land development | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Nonaccruing | 0 | 0 |
Loans and leases greater than 90 days and accruing | 0 | 147 |
Noncommerical | Revolving mortgage | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Nonaccruing | 9,837 | 0 |
Loans and leases greater than 90 days and accruing | 19 | 5,463 |
Noncommerical | Consumer | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Nonaccruing | 677 | 0 |
Loans and leases greater than 90 days and accruing | $626 | $1,059 |
Loans_and_Leases_Changes_In_Ca
Loans and Leases (Changes In Carrying Value Of Acquired Impaired Loans) (Details) (USD $) | 3 Months Ended | |||||
Mar. 31, 2015 | Mar. 31, 2014 | Feb. 13, 2015 | Dec. 31, 2014 | Jan. 01, 2014 | Dec. 31, 2013 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
PCI loans | $1,247,343,000 | $1,270,818,000 | $1,186,498,000 | $1,029,426,000 | ||
Impaired Financing Receivable, Unpaid Principal Balance | 2,092,936,000 | 1,727,492,000 | ||||
Certain Loans Acquired in Transfer Accounted for as Debt Securities, Acquired During Period, at Acquisition, at Fair Value | 149,294,000 | 316,327,000 | ||||
Certain Loans Acquired in Transfer Accounted for as Debt Securities, Accretable Yield, Accretion | 25,067,000 | 30,200,000 | ||||
Carrying Value of Acquired Impaired Loans [Roll Forward] | ||||||
Reductions for repayments, foreclosures and changes in carrying value, net of accretion | -113,516,000 | -105,135,000 | ||||
Loans on the Cost Recovery Method | ||||||
Carrying Value of Acquired Impaired Loans [Roll Forward] | ||||||
Ending balance | 13,000,000 | 33,400,000 | ||||
Commercial | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
PCI loans | 791,756,000 | 726,123,000 | ||||
Certain Loans Acquired in Transfer Accounted for as Debt Securities, Acquired During Period, at Acquisition, at Fair Value | 135,604,000 | |||||
Noncommerical | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
PCI loans | 455,587,000 | 460,375,000 | ||||
Certain Loans Acquired in Transfer Accounted for as Debt Securities, Acquired During Period, at Acquisition, at Fair Value | 13,690,000 | |||||
Construction and land development | Commercial | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
PCI loans | 70,049,000 | 78,079,000 | ||||
Certain Loans Acquired in Transfer Accounted for as Debt Securities, Acquired During Period, at Acquisition, at Fair Value | 4,221,000 | |||||
Mortgage | Commercial | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
PCI loans | 653,846,000 | 577,518,000 | ||||
Certain Loans Acquired in Transfer Accounted for as Debt Securities, Acquired During Period, at Acquisition, at Fair Value | 125,202,000 | |||||
Mortgage | Noncommerical | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
PCI loans | 380,490,000 | 382,340,000 | ||||
Certain Loans Acquired in Transfer Accounted for as Debt Securities, Acquired During Period, at Acquisition, at Fair Value | 12,050,000 | |||||
Other commercial real estate | Commercial | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
PCI loans | 40,841,000 | 40,193,000 | ||||
Certain Loans Acquired in Transfer Accounted for as Debt Securities, Acquired During Period, at Acquisition, at Fair Value | 3,132,000 | |||||
Commercial and industrial | Commercial | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
PCI loans | 24,134,000 | 27,254,000 | ||||
Certain Loans Acquired in Transfer Accounted for as Debt Securities, Acquired During Period, at Acquisition, at Fair Value | 3,049,000 | |||||
Consumer | Noncommerical | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
PCI loans | 3,860,000 | 3,014,000 | ||||
Certain Loans Acquired in Transfer Accounted for as Debt Securities, Acquired During Period, at Acquisition, at Fair Value | $1,640,000 |
Loans_and_Leases_Changes_In_Ca1
Loans and Leases (Changes In Carrying Amount Of Accretable Yield) (Details) (USD $) | 3 Months Ended | |||
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 | Dec. 31, 2014 | Dec. 31, 2013 |
Loans and Leases Receivable Disclosure [Abstract] | ||||
Certain Loans Acquired in Transfer Accounted for as Debt Securities, Accretable Yield | $422,286 | $490,245 | $418,160 | $439,990 |
Certain Loans Acquired in Transfer Accounted for as Debt Securities, Accretable Yield, Additions | 55,186 | 84,295 | ||
Certain Loans Acquired in Transfer Accounted for as Debt Securities, Accretable Yield, Accretion | 25,067 | 30,200 | ||
Certain Loans Acquired in Transfer Accounted for as Debt Securities, Accretable Yield, Reclassifications from Nonaccretable Difference | 1,294 | 6,048 | ||
Certain Loans Acquired in Transfer Accounted for as Debt Securities, Accretable Yield, Changes in Expected Cash Flows Not Affecting Nonaccretable Difference | ($27,287) | ($9,888) |
Loans_and_Leases_Loans_and_Lea1
Loans and Leases Loans and Leases (Schedule of Contractually Required Payments Including Principal and Interest, Expected Cash Flows to be Collected and Fair Values) (Details) (USD $) | Feb. 13, 2015 | Jan. 01, 2014 |
In Thousands, unless otherwise specified | ||
Investments, Debt and Equity Securities [Abstract] | ||
Certain Loans Acquired in Transfer Accounted for as Debt Securities, Acquired During Period, Contractually Required Payments Receivable at Acquisition | $251,800 | |
Certain Loans Acquired in Transfer Accounted for as Debt Securities, Acquired During Period, Cash Flows Expected to be Collected at Acquisition | 204,480 | |
Certain Loans Acquired in Transfer Accounted for as Debt Securities, Acquired During Period, at Acquisition, at Fair Value | $149,294 | $316,327 |
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 | ||
Mar. 31, 2015 | Mar. 31, 2014 | Dec. 31, 2014 | |
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Impaired Loans and Leases, Baseline for Meaurement | $500,000 | ||
Loans and Leases Evaluated for Impairment [Abstract] | |||
Net loans and leases | 18,886,204,000 | 18,564,999,000 | |
Loan and Lease Acquired with Deteriorated Credit Quality [Abstract] | |||
Allowance for loan and lease losses | 205,553,000 | 204,466,000 | |
PCI Loans | |||
Allowance for Loan and Lease Losses [Roll Forward] | |||
Beginning balance | 21,629,000 | 53,520,000 | |
Provisions | -2,864,000 | -2,273,000 | |
Charge-offs | -1,146,000 | -6,254,000 | |
Recoveries | 0 | 0 | |
Ending balance | 17,619,000 | 44,993,000 | |
Allowance for Loans and Leases Evaluated for Impairment [Abstract] | |||
Total allowance for loan and lease losses | 17,619,000 | 44,993,000 | |
Loan and Lease Acquired with Deteriorated Credit Quality [Abstract] | |||
ALLL for loans and leases acquired with deteriorated credit quality | 17,619,000 | 21,629,000 | |
Loans and leases acquired with deteriorated credit quality | 1,247,343,000 | 1,186,498,000 | |
PCI Loans | Commercial | Construction and land development | |||
Allowance for Loan and Lease Losses [Roll Forward] | |||
Beginning balance | 150,000 | 1,320,000 | |
Provisions | 191,000 | 3,355,000 | |
Charge-offs | 0 | -199,000 | |
Recoveries | 0 | 0 | |
Ending balance | 341,000 | 4,476,000 | |
Allowance for Loans and Leases Evaluated for Impairment [Abstract] | |||
Total allowance for loan and lease losses | 341,000 | 4,476,000 | |
Loan and Lease Acquired with Deteriorated Credit Quality [Abstract] | |||
ALLL for loans and leases acquired with deteriorated credit quality | 341,000 | 150,000 | |
Loans and leases acquired with deteriorated credit quality | 70,049,000 | 78,079,000 | |
PCI Loans | Commercial | Mortgage | |||
Allowance for Loan and Lease Losses [Roll Forward] | |||
Beginning balance | 10,135,000 | 29,906,000 | |
Provisions | -925,000 | -3,386,000 | |
Charge-offs | -334,000 | -3,517,000 | |
Recoveries | 0 | 0 | |
Ending balance | 8,876,000 | 23,003,000 | |
Allowance for Loans and Leases Evaluated for Impairment [Abstract] | |||
Total allowance for loan and lease losses | 8,876,000 | 23,003,000 | |
Loan and Lease Acquired with Deteriorated Credit Quality [Abstract] | |||
ALLL for loans and leases acquired with deteriorated credit quality | 8,876,000 | 10,135,000 | |
Loans and leases acquired with deteriorated credit quality | 653,846,000 | 577,518,000 | |
PCI Loans | Commercial | Other commercial real estate | |||
Allowance for Loan and Lease Losses [Roll Forward] | |||
Beginning balance | 75,000 | 1,354,000 | |
Provisions | 119,000 | -150,000 | |
Charge-offs | 0 | 0 | |
Recoveries | 0 | 0 | |
Ending balance | 194,000 | 1,204,000 | |
Allowance for Loans and Leases Evaluated for Impairment [Abstract] | |||
Total allowance for loan and lease losses | 194,000 | 1,204,000 | |
Loan and Lease Acquired with Deteriorated Credit Quality [Abstract] | |||
ALLL for loans and leases acquired with deteriorated credit quality | 194,000 | 75,000 | |
Loans and leases acquired with deteriorated credit quality | 40,841,000 | 40,193,000 | |
PCI Loans | Commercial | Commercial and industrial | |||
Allowance for Loan and Lease Losses [Roll Forward] | |||
Beginning balance | 1,240,000 | 5,275,000 | |
Provisions | -1,031,000 | -336,000 | |
Charge-offs | -198,000 | -2,683,000 | |
Recoveries | 0 | 0 | |
Ending balance | 11,000 | 2,256,000 | |
Allowance for Loans and Leases Evaluated for Impairment [Abstract] | |||
Total allowance for loan and lease losses | 11,000 | 2,256,000 | |
Loan and Lease Acquired with Deteriorated Credit Quality [Abstract] | |||
ALLL for loans and leases acquired with deteriorated credit quality | 11,000 | 1,240,000 | |
Loans and leases acquired with deteriorated credit quality | 24,134,000 | 27,254,000 | |
PCI Loans | Noncommerical | Mortgage | |||
Allowance for Loan and Lease Losses [Roll Forward] | |||
Beginning balance | 5,820,000 | 11,802,000 | |
Provisions | -863,000 | -2,300,000 | |
Charge-offs | -85,000 | 262,000 | |
Recoveries | 0 | 0 | |
Ending balance | 4,872,000 | 9,764,000 | |
Allowance for Loans and Leases Evaluated for Impairment [Abstract] | |||
Total allowance for loan and lease losses | 4,872,000 | 9,764,000 | |
Loan and Lease Acquired with Deteriorated Credit Quality [Abstract] | |||
ALLL for loans and leases acquired with deteriorated credit quality | 4,872,000 | 5,820,000 | |
Loans and leases acquired with deteriorated credit quality | 380,490,000 | 382,339,000 | |
PCI Loans | Noncommerical | Construction and land development | |||
Allowance for Loan and Lease Losses [Roll Forward] | |||
Beginning balance | 183,000 | 682,000 | |
Provisions | -152,000 | -99,000 | |
Charge-offs | 0 | 0 | |
Recoveries | 0 | 0 | |
Ending balance | 31,000 | 583,000 | |
Allowance for Loans and Leases Evaluated for Impairment [Abstract] | |||
Total allowance for loan and lease losses | 31,000 | 583,000 | |
Loan and Lease Acquired with Deteriorated Credit Quality [Abstract] | |||
ALLL for loans and leases acquired with deteriorated credit quality | 31,000 | 183,000 | |
Loans and leases acquired with deteriorated credit quality | 874,000 | 912,000 | |
PCI Loans | Noncommerical | Revolving mortgage | |||
Allowance for Loan and Lease Losses [Roll Forward] | |||
Beginning balance | 3,999,000 | 2,959,000 | |
Provisions | -655,000 | 634,000 | |
Charge-offs | -73,000 | -100,000 | |
Recoveries | 0 | 0 | |
Ending balance | 3,271,000 | 3,493,000 | |
Allowance for Loans and Leases Evaluated for Impairment [Abstract] | |||
Total allowance for loan and lease losses | 3,271,000 | 3,493,000 | |
Loan and Lease Acquired with Deteriorated Credit Quality [Abstract] | |||
ALLL for loans and leases acquired with deteriorated credit quality | 3,271,000 | 3,999,000 | |
Loans and leases acquired with deteriorated credit quality | 70,363,000 | 74,109,000 | |
PCI Loans | Noncommerical | Consumer and Other | |||
Allowance for Loan and Lease Losses [Roll Forward] | |||
Beginning balance | 27,000 | 222,000 | |
Provisions | 452,000 | 9,000 | |
Charge-offs | -456,000 | -17,000 | |
Recoveries | 0 | 0 | |
Ending balance | 23,000 | 214,000 | |
Allowance for Loans and Leases Evaluated for Impairment [Abstract] | |||
Total allowance for loan and lease losses | 23,000 | 214,000 | |
Loan and Lease Acquired with Deteriorated Credit Quality [Abstract] | |||
ALLL for loans and leases acquired with deteriorated credit quality | 23,000 | 27,000 | |
Loans and leases acquired with deteriorated credit quality | 6,746,000 | 6,094,000 | |
Non-PCI Loans | |||
Allowance for Loan and Lease Losses [Roll Forward] | |||
Beginning balance | 182,837,000 | 179,874,000 | |
Provisions | 8,656,000 | 370,000 | |
Charge-offs | -6,030,000 | -4,422,000 | |
Recoveries | 2,471,000 | 2,127,000 | |
Ending balance | 187,934,000 | 177,949,000 | |
Allowance for Loans and Leases Evaluated for Impairment [Abstract] | |||
ALLL for loans and leases individually evaluated for impairment | 14,686,000 | 15,717,000 | |
ALLL for loans and leases collectively evaluated for impairment | 173,248,000 | 167,120,000 | |
Total allowance for loan and lease losses | 187,934,000 | 177,949,000 | |
Loans and Leases Evaluated for Impairment [Abstract] | |||
Loans and leases individually evaluated for impairment | 118,078,000 | 119,593,000 | |
Loans and leases collectively evaluated for impairment | 17,726,336,000 | 17,463,374,000 | |
Net loans and leases | 17,844,414,000 | 17,582,967,000 | |
Non-PCI Loans | Commercial | Construction and land development | |||
Allowance for Loan and Lease Losses [Roll Forward] | |||
Beginning balance | 11,961,000 | 10,335,000 | |
Provisions | 1,103,000 | 1,885,000 | |
Charge-offs | -18,000 | 0 | |
Recoveries | 62,000 | 26,000 | |
Ending balance | 13,108,000 | 12,246,000 | |
Allowance for Loans and Leases Evaluated for Impairment [Abstract] | |||
ALLL for loans and leases individually evaluated for impairment | 182,000 | 92,000 | |
ALLL for loans and leases collectively evaluated for impairment | 12,926,000 | 11,869,000 | |
Total allowance for loan and lease losses | 13,108,000 | 12,246,000 | |
Loans and Leases Evaluated for Impairment [Abstract] | |||
Loans and leases individually evaluated for impairment | 2,972,000 | 1,620,000 | |
Loans and leases collectively evaluated for impairment | 605,584,000 | 548,948,000 | |
Net loans and leases | 608,556,000 | 550,568,000 | |
Non-PCI Loans | Commercial | Mortgage | |||
Allowance for Loan and Lease Losses [Roll Forward] | |||
Beginning balance | 85,189,000 | 100,257,000 | |
Provisions | -3,679,000 | -6,979,000 | |
Charge-offs | -233,000 | -168,000 | |
Recoveries | 761,000 | 1,107,000 | |
Ending balance | 82,038,000 | 94,217,000 | |
Allowance for Loans and Leases Evaluated for Impairment [Abstract] | |||
ALLL for loans and leases individually evaluated for impairment | 7,494,000 | 8,610,000 | |
ALLL for loans and leases collectively evaluated for impairment | 74,544,000 | 76,579,000 | |
Total allowance for loan and lease losses | 82,038,000 | 94,217,000 | |
Loans and Leases Evaluated for Impairment [Abstract] | |||
Loans and leases individually evaluated for impairment | 77,291,000 | 82,803,000 | |
Loans and leases collectively evaluated for impairment | 7,514,454,000 | 7,470,145,000 | |
Net loans and leases | 7,591,745,000 | 7,552,948,000 | |
Non-PCI Loans | Commercial | Other commercial real estate | |||
Allowance for Loan and Lease Losses [Roll Forward] | |||
Beginning balance | 732,000 | 1,009,000 | |
Provisions | 458,000 | -74,000 | |
Charge-offs | -169,000 | 0 | |
Recoveries | 10,000 | 10,000 | |
Ending balance | 1,031,000 | 945,000 | |
Allowance for Loans and Leases Evaluated for Impairment [Abstract] | |||
ALLL for loans and leases individually evaluated for impairment | 104,000 | 112,000 | |
ALLL for loans and leases collectively evaluated for impairment | 927,000 | 620,000 | |
Total allowance for loan and lease losses | 1,031,000 | 945,000 | |
Loans and Leases Evaluated for Impairment [Abstract] | |||
Loans and leases individually evaluated for impairment | 543,000 | 584,000 | |
Loans and leases collectively evaluated for impairment | 261,750,000 | 244,291,000 | |
Net loans and leases | 262,293,000 | 244,875,000 | |
Non-PCI Loans | Commercial | Commercial and industrial | |||
Allowance for Loan and Lease Losses [Roll Forward] | |||
Beginning balance | 30,727,000 | 22,362,000 | |
Provisions | 7,546,000 | 1,976,000 | |
Charge-offs | -1,713,000 | -496,000 | |
Recoveries | 394,000 | 179,000 | |
Ending balance | 36,954,000 | 24,021,000 | |
Allowance for Loans and Leases Evaluated for Impairment [Abstract] | |||
ALLL for loans and leases individually evaluated for impairment | 2,809,000 | 1,743,000 | |
ALLL for loans and leases collectively evaluated for impairment | 34,145,000 | 28,984,000 | |
Total allowance for loan and lease losses | 36,954,000 | 24,021,000 | |
Loans and Leases Evaluated for Impairment [Abstract] | |||
Loans and leases individually evaluated for impairment | 13,969,000 | 11,040,000 | |
Loans and leases collectively evaluated for impairment | 2,058,445,000 | 1,977,894,000 | |
Net loans and leases | 2,072,414,000 | 1,988,934,000 | |
Non-PCI Loans | Commercial | Lease financing | |||
Allowance for Loan and Lease Losses [Roll Forward] | |||
Beginning balance | 4,286,000 | 4,749,000 | |
Provisions | 11,000 | -524,000 | |
Charge-offs | -15,000 | -58,000 | |
Recoveries | 11,000 | 16,000 | |
Ending balance | 4,293,000 | 4,183,000 | |
Allowance for Loans and Leases Evaluated for Impairment [Abstract] | |||
ALLL for loans and leases individually evaluated for impairment | 236,000 | 150,000 | |
ALLL for loans and leases collectively evaluated for impairment | 4,057,000 | 4,136,000 | |
Total allowance for loan and lease losses | 4,293,000 | 4,183,000 | |
Loans and Leases Evaluated for Impairment [Abstract] | |||
Loans and leases individually evaluated for impairment | 1,492,000 | 623,000 | |
Loans and leases collectively evaluated for impairment | 602,245,000 | 571,293,000 | |
Net loans and leases | 603,737,000 | 571,916,000 | |
Non-PCI Loans | Commercial | Other | |||
Allowance for Loan and Lease Losses [Roll Forward] | |||
Beginning balance | 3,184,000 | 190,000 | |
Provisions | -218,000 | 272,000 | |
Charge-offs | 0 | -8,000 | |
Recoveries | 15,000 | 0 | |
Ending balance | 2,981,000 | 454,000 | |
Allowance for Loans and Leases Evaluated for Impairment [Abstract] | |||
ALLL for loans and leases individually evaluated for impairment | 1,955,000 | 1,972,000 | |
ALLL for loans and leases collectively evaluated for impairment | 1,026,000 | 1,212,000 | |
Total allowance for loan and lease losses | 2,981,000 | 454,000 | |
Loans and Leases Evaluated for Impairment [Abstract] | |||
Loans and leases individually evaluated for impairment | 1,977,000 | 2,000,000 | |
Loans and leases collectively evaluated for impairment | 352,736,000 | 351,833,000 | |
Net loans and leases | 354,713,000 | 353,833,000 | |
Non-PCI Loans | Noncommerical | Mortgage | |||
Allowance for Loan and Lease Losses [Roll Forward] | |||
Beginning balance | 10,661,000 | 10,511,000 | |
Provisions | 813,000 | 609,000 | |
Charge-offs | -284,000 | -184,000 | |
Recoveries | 138,000 | 8,000 | |
Ending balance | 11,328,000 | 10,944,000 | |
Allowance for Loans and Leases Evaluated for Impairment [Abstract] | |||
ALLL for loans and leases individually evaluated for impairment | 1,177,000 | 1,360,000 | |
ALLL for loans and leases collectively evaluated for impairment | 10,151,000 | 9,301,000 | |
Total allowance for loan and lease losses | 11,328,000 | 10,944,000 | |
Loans and Leases Evaluated for Impairment [Abstract] | |||
Loans and leases individually evaluated for impairment | 15,195,000 | 14,913,000 | |
Loans and leases collectively evaluated for impairment | 2,509,354,000 | 2,505,629,000 | |
Net loans and leases | 2,524,549,000 | 2,520,542,000 | |
Non-PCI Loans | Noncommerical | Construction and land development | |||
Allowance for Loan and Lease Losses [Roll Forward] | |||
Beginning balance | 892,000 | 681,000 | |
Provisions | 118,000 | 577,000 | |
Charge-offs | -22,000 | -71,000 | |
Recoveries | 68,000 | 62,000 | |
Ending balance | 1,056,000 | 1,249,000 | |
Allowance for Loans and Leases Evaluated for Impairment [Abstract] | |||
ALLL for loans and leases individually evaluated for impairment | 90,000 | 71,000 | |
ALLL for loans and leases collectively evaluated for impairment | 966,000 | 821,000 | |
Total allowance for loan and lease losses | 1,056,000 | 1,249,000 | |
Loans and Leases Evaluated for Impairment [Abstract] | |||
Loans and leases individually evaluated for impairment | 733,000 | 1,340,000 | |
Loans and leases collectively evaluated for impairment | 169,475,000 | 118,757,000 | |
Net loans and leases | 170,208,000 | 120,097,000 | |
Non-PCI Loans | Noncommerical | Revolving mortgage | |||
Allowance for Loan and Lease Losses [Roll Forward] | |||
Beginning balance | 18,650,000 | 16,239,000 | |
Provisions | -462,000 | 1,353,000 | |
Charge-offs | -793,000 | -1,260,000 | |
Recoveries | 134,000 | 76,000 | |
Ending balance | 17,529,000 | 16,408,000 | |
Allowance for Loans and Leases Evaluated for Impairment [Abstract] | |||
ALLL for loans and leases individually evaluated for impairment | 108,000 | 1,052,000 | |
ALLL for loans and leases collectively evaluated for impairment | 17,421,000 | 17,598,000 | |
Total allowance for loan and lease losses | 17,529,000 | 16,408,000 | |
Loans and Leases Evaluated for Impairment [Abstract] | |||
Loans and leases individually evaluated for impairment | 2,922,000 | 3,675,000 | |
Loans and leases collectively evaluated for impairment | 2,525,335,000 | 2,558,125,000 | |
Net loans and leases | 2,528,257,000 | 2,561,800,000 | |
Non-PCI Loans | Noncommerical | Consumer | |||
Allowance for Loan and Lease Losses [Roll Forward] | |||
Beginning balance | 16,555,000 | 13,541,000 | |
Provisions | 2,966,000 | 1,275,000 | |
Charge-offs | -2,783,000 | -2,177,000 | |
Recoveries | 878,000 | 643,000 | |
Ending balance | 17,616,000 | 13,282,000 | |
Allowance for Loans and Leases Evaluated for Impairment [Abstract] | |||
ALLL for loans and leases individually evaluated for impairment | 531,000 | 555,000 | |
ALLL for loans and leases collectively evaluated for impairment | 17,085,000 | 16,000,000 | |
Total allowance for loan and lease losses | 17,616,000 | 13,282,000 | |
Loans and Leases Evaluated for Impairment [Abstract] | |||
Loans and leases individually evaluated for impairment | 984,000 | 995,000 | |
Loans and leases collectively evaluated for impairment | 1,126,958,000 | 1,116,459,000 | |
Net loans and leases | $1,127,942,000 | $1,117,454,000 |
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 | ||
Mar. 31, 2015 | Mar. 31, 2014 | Dec. 31, 2014 | |
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Unpaid principal balance | $2,092,936,000 | $1,727,492,000 | |
Allowance for loan and lease losses | 205,553,000 | 204,466,000 | |
Non-PCI Loans | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Unpaid principal balance | 126,823,000 | 133,466,000 | |
ALLL for loans and leases individually evaluated for impairment | 14,686,000 | 15,717,000 | |
Financing Receivable, Individually Evaluated for Impairment | 118,078,000 | 119,593,000 | |
Average balance | 121,995,000 | 131,647,000 | |
Interest income recognized | 1,093,000 | 1,513,000 | |
Non-PCI Loans | Commercial | Construction and land development | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Unpaid principal balance | 4,228,000 | 6,945,000 | |
ALLL for loans and leases individually evaluated for impairment | 182,000 | 92,000 | |
Financing Receivable, Individually Evaluated for Impairment | 2,972,000 | 1,620,000 | |
Average balance | 3,052,000 | 1,031,000 | |
Interest income recognized | 35,000 | 15,000 | |
Non-PCI Loans | Commercial | Mortgage | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Unpaid principal balance | 81,826,000 | 87,702,000 | |
ALLL for loans and leases individually evaluated for impairment | 7,494,000 | 8,610,000 | |
Financing Receivable, Individually Evaluated for Impairment | 77,291,000 | 82,803,000 | |
Average balance | 80,553,000 | 94,547,000 | |
Interest income recognized | 769,000 | 1,120,000 | |
Non-PCI Loans | Commercial | Other commercial real estate | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Unpaid principal balance | 847,000 | 913,000 | |
ALLL for loans and leases individually evaluated for impairment | 104,000 | 112,000 | |
Financing Receivable, Individually Evaluated for Impairment | 543,000 | 584,000 | |
Average balance | 551,000 | 1,796,000 | |
Interest income recognized | 1,000 | 21,000 | |
Non-PCI Loans | Commercial | Commercial and industrial | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Unpaid principal balance | 14,939,000 | 12,197,000 | |
ALLL for loans and leases individually evaluated for impairment | 2,809,000 | 1,743,000 | |
Financing Receivable, Individually Evaluated for Impairment | 13,969,000 | 11,040,000 | |
Average balance | 14,229,000 | 10,234,000 | |
Interest income recognized | 103,000 | 118,000 | |
Non-PCI Loans | Commercial | Lease financing | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Unpaid principal balance | 1,492,000 | 623,000 | |
ALLL for loans and leases individually evaluated for impairment | 236,000 | 150,000 | |
Financing Receivable, Individually Evaluated for Impairment | 1,492,000 | 623,000 | |
Average balance | 1,590,000 | 284,000 | |
Interest income recognized | 18,000 | 4,000 | |
Non-PCI Loans | Commercial | Other | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Unpaid principal balance | 1,977,000 | 2,000,000 | |
ALLL for loans and leases individually evaluated for impairment | 1,955,000 | 1,972,000 | |
Financing Receivable, Individually Evaluated for Impairment | 1,977,000 | 2,000,000 | |
Average balance | 1,990,000 | 0 | |
Interest income recognized | 0 | 0 | |
Non-PCI Loans | Noncommerical | Mortgage | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Unpaid principal balance | 15,852,000 | 15,746,000 | |
ALLL for loans and leases individually evaluated for impairment | 1,177,000 | 1,360,000 | |
Financing Receivable, Individually Evaluated for Impairment | 15,195,000 | 14,913,000 | |
Average balance | 15,364,000 | 16,482,000 | |
Interest income recognized | 125,000 | 174,000 | |
Non-PCI Loans | Noncommerical | Construction and land development | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Unpaid principal balance | 733,000 | 1,340,000 | |
ALLL for loans and leases individually evaluated for impairment | 90,000 | 71,000 | |
Financing Receivable, Individually Evaluated for Impairment | 733,000 | 1,340,000 | |
Average balance | 658,000 | 2,322,000 | |
Interest income recognized | 7,000 | 29,000 | |
Non-PCI Loans | Noncommerical | Revolving mortgage | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Unpaid principal balance | 3,925,000 | 4,933,000 | |
ALLL for loans and leases individually evaluated for impairment | 108,000 | 1,052,000 | |
Financing Receivable, Individually Evaluated for Impairment | 2,922,000 | 3,675,000 | |
Average balance | 2,986,000 | 3,892,000 | |
Interest income recognized | 16,000 | 27,000 | |
Non-PCI Loans | Noncommerical | Consumer | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Unpaid principal balance | 1,004,000 | 1,067,000 | |
ALLL for loans and leases individually evaluated for impairment | 531,000 | 555,000 | |
Financing Receivable, Individually Evaluated for Impairment | 984,000 | 995,000 | |
Average balance | 1,022,000 | 1,059,000 | |
Interest income recognized | 19,000 | 5,000 | |
Non-PCI Loans | With A Recorded Allowance | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Financing Receivable, Individually Evaluated for Impairment | 83,497,000 | 87,007,000 | |
Non-PCI Loans | With A Recorded Allowance | Commercial | Construction and land development | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Financing Receivable, Individually Evaluated for Impairment | 2,114,000 | 996,000 | |
Non-PCI Loans | With A Recorded Allowance | Commercial | Mortgage | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Financing Receivable, Individually Evaluated for Impairment | 53,220,000 | 57,324,000 | |
Non-PCI Loans | With A Recorded Allowance | Commercial | Other commercial real estate | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Financing Receivable, Individually Evaluated for Impairment | 104,000 | 112,000 | |
Non-PCI Loans | With A Recorded Allowance | Commercial | Commercial and industrial | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Financing Receivable, Individually Evaluated for Impairment | 13,123,000 | 10,319,000 | |
Non-PCI Loans | With A Recorded Allowance | Commercial | Lease financing | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Financing Receivable, Individually Evaluated for Impairment | 1,221,000 | 319,000 | |
Non-PCI Loans | With A Recorded Allowance | Commercial | Other | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Financing Receivable, Individually Evaluated for Impairment | 1,977,000 | 2,000,000 | |
Non-PCI Loans | With A Recorded Allowance | Noncommerical | Mortgage | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Financing Receivable, Individually Evaluated for Impairment | 8,662,000 | 10,198,000 | |
Non-PCI Loans | With A Recorded Allowance | Noncommerical | Construction and land development | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Financing Receivable, Individually Evaluated for Impairment | 733,000 | 1,077,000 | |
Non-PCI Loans | With A Recorded Allowance | Noncommerical | Revolving mortgage | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Financing Receivable, Individually Evaluated for Impairment | 1,439,000 | 3,675,000 | |
Non-PCI Loans | With A Recorded Allowance | Noncommerical | Consumer | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Financing Receivable, Individually Evaluated for Impairment | 904,000 | 987,000 | |
Non-PCI Loans | With No Recorded Allowance | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Financing Receivable, Individually Evaluated for Impairment | 34,581,000 | 32,586,000 | |
Non-PCI Loans | With No Recorded Allowance | Commercial | Construction and land development | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Financing Receivable, Individually Evaluated for Impairment | 858,000 | 624,000 | |
Non-PCI Loans | With No Recorded Allowance | Commercial | Mortgage | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Financing Receivable, Individually Evaluated for Impairment | 24,071,000 | 25,479,000 | |
Non-PCI Loans | With No Recorded Allowance | Commercial | Other commercial real estate | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Financing Receivable, Individually Evaluated for Impairment | 439,000 | 472,000 | |
Non-PCI Loans | With No Recorded Allowance | Commercial | Commercial and industrial | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Financing Receivable, Individually Evaluated for Impairment | 846,000 | 721,000 | |
Non-PCI Loans | With No Recorded Allowance | Commercial | Lease financing | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Financing Receivable, Individually Evaluated for Impairment | 271,000 | 304,000 | |
Non-PCI Loans | With No Recorded Allowance | Commercial | Other | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Financing Receivable, Individually Evaluated for Impairment | 0 | 0 | |
Non-PCI Loans | With No Recorded Allowance | Noncommerical | Mortgage | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Financing Receivable, Individually Evaluated for Impairment | 6,533,000 | 4,715,000 | |
Non-PCI Loans | With No Recorded Allowance | Noncommerical | Construction and land development | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Financing Receivable, Individually Evaluated for Impairment | 0 | 263,000 | |
Non-PCI Loans | With No Recorded Allowance | Noncommerical | Revolving mortgage | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Financing Receivable, Individually Evaluated for Impairment | 1,483,000 | 0 | |
Non-PCI Loans | With No Recorded Allowance | Noncommerical | Consumer | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Financing Receivable, Individually Evaluated for Impairment | 80,000 | 8,000 | |
PCI Loans | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Acquired loans which have adverse change in expected cash flows | $438,200,000 | $285,600,000 |
Allowance_for_Loan_and_Lease_L4
Allowance for Loan and Lease Losses (Troubled Debt Restructuring) (Details) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
TDRs | ||
Financing Receivable, Modifications [Line Items] | ||
Accruing | $131,466 | $135,963 |
Nonaccruing | 25,525 | 15,516 |
Financing Receivable, Modifications, Recorded Investment | 156,991 | 151,479 |
Non-PCI Loans | ||
Financing Receivable, Modifications [Line Items] | ||
Nonaccruing | 66,046 | 44,005 |
Non-PCI Loans | TDRs | ||
Financing Receivable, Modifications [Line Items] | ||
Accruing | 86,884 | 91,316 |
Nonaccruing | 23,526 | 13,291 |
Financing Receivable, Modifications, Recorded Investment | 110,410 | 104,607 |
PCI Loans | TDRs | ||
Financing Receivable, Modifications [Line Items] | ||
Accruing | 44,582 | 44,647 |
Nonaccruing | 1,999 | 2,225 |
Financing Receivable, Modifications, Recorded Investment | 46,581 | 46,872 |
Commercial | TDRs | ||
Financing Receivable, Modifications [Line Items] | ||
Accruing | 104,848 | 107,305 |
Nonaccruing | 17,336 | 10,861 |
Financing Receivable, Modifications, Recorded Investment | 122,184 | 118,166 |
Commercial | Construction and land development | TDRs | ||
Financing Receivable, Modifications [Line Items] | ||
Accruing | 3,425 | 2,591 |
Nonaccruing | 490 | 446 |
Financing Receivable, Modifications, Recorded Investment | 3,915 | 3,037 |
Commercial | Construction and land development | Non-PCI Loans | ||
Financing Receivable, Modifications [Line Items] | ||
Nonaccruing | 1,497 | 343 |
Commercial | Mortgage | TDRs | ||
Financing Receivable, Modifications [Line Items] | ||
Accruing | 88,889 | 92,184 |
Nonaccruing | 11,326 | 8,937 |
Financing Receivable, Modifications, Recorded Investment | 100,215 | 101,121 |
Commercial | Mortgage | Non-PCI Loans | ||
Financing Receivable, Modifications [Line Items] | ||
Nonaccruing | 26,058 | 24,720 |
Commercial | Other commercial real estate | TDRs | ||
Financing Receivable, Modifications [Line Items] | ||
Accruing | 2,123 | 2,374 |
Nonaccruing | 423 | 449 |
Financing Receivable, Modifications, Recorded Investment | 2,546 | 2,823 |
Commercial | Other commercial real estate | Non-PCI Loans | ||
Financing Receivable, Modifications [Line Items] | ||
Nonaccruing | 650 | 619 |
Commercial | Commercial and industrial | TDRs | ||
Financing Receivable, Modifications [Line Items] | ||
Accruing | 9,248 | 9,864 |
Nonaccruing | 4,768 | 664 |
Financing Receivable, Modifications, Recorded Investment | 14,016 | 10,528 |
Commercial | Commercial and industrial | Non-PCI Loans | ||
Financing Receivable, Modifications [Line Items] | ||
Nonaccruing | 5,691 | 1,741 |
Commercial | Lease financing | TDRs | ||
Financing Receivable, Modifications [Line Items] | ||
Accruing | 1,163 | 258 |
Nonaccruing | 329 | 365 |
Financing Receivable, Modifications, Recorded Investment | 1,492 | 623 |
Commercial | Lease financing | Non-PCI Loans | ||
Financing Receivable, Modifications [Line Items] | ||
Nonaccruing | 346 | 374 |
Commercial | Other | TDRs | ||
Financing Receivable, Modifications [Line Items] | ||
Accruing | 0 | 34 |
Nonaccruing | 0 | 0 |
Financing Receivable, Modifications, Recorded Investment | 0 | 34 |
Noncommerical | TDRs | ||
Financing Receivable, Modifications [Line Items] | ||
Accruing | 26,618 | 28,658 |
Nonaccruing | 8,189 | 4,655 |
Financing Receivable, Modifications, Recorded Investment | 34,807 | 33,313 |
Noncommerical | Mortgage | TDRs | ||
Financing Receivable, Modifications [Line Items] | ||
Accruing | 23,060 | 22,597 |
Nonaccruing | 5,097 | 4,655 |
Financing Receivable, Modifications, Recorded Investment | 28,157 | 27,252 |
Noncommerical | Mortgage | Non-PCI Loans | ||
Financing Receivable, Modifications [Line Items] | ||
Nonaccruing | 19,238 | 14,242 |
Noncommerical | Other | Non-PCI Loans | ||
Financing Receivable, Modifications [Line Items] | ||
Nonaccruing | 2,052 | 1,966 |
Noncommerical | Construction and land development | TDRs | ||
Financing Receivable, Modifications [Line Items] | ||
Accruing | 733 | 1,391 |
Nonaccruing | 0 | 0 |
Financing Receivable, Modifications, Recorded Investment | 733 | 1,391 |
Noncommerical | Construction and land development | Non-PCI Loans | ||
Financing Receivable, Modifications [Line Items] | ||
Nonaccruing | 0 | 0 |
Noncommerical | Revolving mortgage | TDRs | ||
Financing Receivable, Modifications [Line Items] | ||
Accruing | 1,871 | 3,675 |
Nonaccruing | 1,112 | 0 |
Financing Receivable, Modifications, Recorded Investment | 2,983 | 3,675 |
Noncommerical | Revolving mortgage | Non-PCI Loans | ||
Financing Receivable, Modifications [Line Items] | ||
Nonaccruing | 9,837 | 0 |
Noncommerical | Consumer and Other | TDRs | ||
Financing Receivable, Modifications [Line Items] | ||
Accruing | 954 | 995 |
Nonaccruing | 1,980 | 0 |
Financing Receivable, Modifications, Recorded Investment | $2,934 | $995 |
Allowance_for_Loan_and_Lease_L5
Allowance for Loan and Lease Losses (Note Restructurings During Period) (Details) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
loans | loans | |
Non-PCI Loans | ||
Financing Receivable, Modifications [Line Items] | ||
Financing Receivable, Modifications, Number of Contracts | 59 | 61 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | $11,718 | $13,063 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 8 | 9 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 4,941 | 1,315 |
Non-PCI Loans | Interest Only Loan | ||
Financing Receivable, Modifications [Line Items] | ||
Financing Receivable, Modifications, Number of Contracts | 1 | 7 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | 3,796 | 2,253 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 1 | 2 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 3,796 | 410 |
Non-PCI Loans | Loan Term Extension | ||
Financing Receivable, Modifications [Line Items] | ||
Financing Receivable, Modifications, Number of Contracts | 6 | 12 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | 770 | 3,192 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 1 | 1 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 220 | 41 |
Non-PCI Loans | Below Market Interest Rate | ||
Financing Receivable, Modifications [Line Items] | ||
Financing Receivable, Modifications, Number of Contracts | 45 | 28 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | 6,866 | 5,598 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 4 | 4 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 778 | 576 |
Non-PCI Loans | Discharge of Debt | ||
Financing Receivable, Modifications [Line Items] | ||
Financing Receivable, Modifications, Number of Contracts | 7 | 14 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | 286 | 2,020 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 2 | 2 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 147 | 288 |
Non-PCI Loans | Commercial | Interest Only Loan | Mortgage | ||
Financing Receivable, Modifications [Line Items] | ||
Financing Receivable, Modifications, Number of Contracts | 0 | 4 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | 0 | 1,911 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | 2 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 0 | 410 |
Non-PCI Loans | Commercial | Interest Only Loan | Commercial and industrial | ||
Financing Receivable, Modifications [Line Items] | ||
Financing Receivable, Modifications, Number of Contracts | 1 | 1 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | 3,796 | 196 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 1 | 0 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 3,796 | 0 |
Non-PCI Loans | Commercial | Interest Only Loan | Lease financing | ||
Financing Receivable, Modifications [Line Items] | ||
Financing Receivable, Modifications, Number of Contracts | 0 | 2 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | 0 | 146 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | 0 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 0 | 0 |
Non-PCI Loans | Commercial | Loan Term Extension | Construction and land development | ||
Financing Receivable, Modifications [Line Items] | ||
Financing Receivable, Modifications, Number of Contracts | 1 | 0 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | 220 | 0 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 1 | 0 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 220 | 0 |
Non-PCI Loans | Commercial | Loan Term Extension | Mortgage | ||
Financing Receivable, Modifications [Line Items] | ||
Financing Receivable, Modifications, Number of Contracts | 3 | 5 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | 535 | 2,620 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | 0 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 0 | 0 |
Non-PCI Loans | Commercial | Loan Term Extension | Lease financing | ||
Financing Receivable, Modifications [Line Items] | ||
Financing Receivable, Modifications, Number of Contracts | 0 | 2 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | 0 | 234 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | 0 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 0 | 0 |
Non-PCI Loans | Commercial | Below Market Interest Rate | Construction and land development | ||
Financing Receivable, Modifications [Line Items] | ||
Financing Receivable, Modifications, Number of Contracts | 2 | 1 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | 47 | 82 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | 0 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 0 | 0 |
Non-PCI Loans | Commercial | Below Market Interest Rate | Mortgage | ||
Financing Receivable, Modifications [Line Items] | ||
Financing Receivable, Modifications, Number of Contracts | 9 | 12 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | 3,541 | 4,677 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 2 | 1 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 733 | 449 |
Non-PCI Loans | Commercial | Below Market Interest Rate | Commercial and industrial | ||
Financing Receivable, Modifications [Line Items] | ||
Financing Receivable, Modifications, Number of Contracts | 3 | 2 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | 172 | 110 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | 0 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 0 | 0 |
Non-PCI Loans | Commercial | Discharge of Debt | Mortgage | ||
Financing Receivable, Modifications [Line Items] | ||
Financing Receivable, Modifications, Number of Contracts | 0 | 1 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | 0 | 1,003 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | 0 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 0 | 0 |
Non-PCI Loans | Noncommerical | Loan Term Extension | Mortgage | ||
Financing Receivable, Modifications [Line Items] | ||
Financing Receivable, Modifications, Number of Contracts | 0 | 5 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | 0 | 338 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | 0 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 0 | 0 |
Non-PCI Loans | Noncommerical | Loan Term Extension | Revolving mortgage | ||
Financing Receivable, Modifications [Line Items] | ||
Financing Receivable, Modifications, Number of Contracts | 1 | 0 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | 10 | 0 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | 0 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 0 | |
Non-PCI Loans | Noncommerical | Loan Term Extension | Consumer | ||
Financing Receivable, Modifications [Line Items] | ||
Financing Receivable, Modifications, Number of Contracts | 1 | 0 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | 5 | 0 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | 1 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 0 | 41 |
Non-PCI Loans | Noncommerical | Below Market Interest Rate | Mortgage | ||
Financing Receivable, Modifications [Line Items] | ||
Financing Receivable, Modifications, Number of Contracts | 23 | 8 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | 708 | 451 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 2 | 3 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 45 | 127 |
Non-PCI Loans | Noncommerical | Below Market Interest Rate | Construction and land development | ||
Financing Receivable, Modifications [Line Items] | ||
Financing Receivable, Modifications, Number of Contracts | 2 | 0 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | 396 | 0 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | 0 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 0 | 0 |
Non-PCI Loans | Noncommerical | Below Market Interest Rate | Revolving mortgage | ||
Financing Receivable, Modifications [Line Items] | ||
Financing Receivable, Modifications, Number of Contracts | 2 | 5 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | 18 | 278 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | 0 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 0 | 0 |
Non-PCI Loans | Noncommerical | Below Market Interest Rate | Consumer | ||
Financing Receivable, Modifications [Line Items] | ||
Financing Receivable, Modifications, Number of Contracts | 3 | 0 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | 34 | 0 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | 0 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 0 | 0 |
Non-PCI Loans | Noncommerical | Below Market Interest Rate | Other | ||
Financing Receivable, Modifications [Line Items] | ||
Financing Receivable, Modifications, Number of Contracts | 1 | 0 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | 1,950 | 0 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | 0 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 0 | 0 |
Non-PCI Loans | Noncommerical | Discharge of Debt | Mortgage | ||
Financing Receivable, Modifications [Line Items] | ||
Financing Receivable, Modifications, Number of Contracts | 2 | 7 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | 68 | 708 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | 2 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 0 | 288 |
Non-PCI Loans | Noncommerical | Discharge of Debt | Construction and land development | ||
Financing Receivable, Modifications [Line Items] | ||
Financing Receivable, Modifications, Number of Contracts | 0 | 1 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | 0 | 62 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | 0 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 0 | 0 |
Non-PCI Loans | Noncommerical | Discharge of Debt | Revolving mortgage | ||
Financing Receivable, Modifications [Line Items] | ||
Financing Receivable, Modifications, Number of Contracts | 5 | 4 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | 218 | 229 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 2 | 0 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 147 | 0 |
Non-PCI Loans | Noncommerical | Discharge of Debt | Consumer | ||
Financing Receivable, Modifications [Line Items] | ||
Financing Receivable, Modifications, Number of Contracts | 0 | 1 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | 0 | 18 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | 0 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 0 | 0 |
PCI Loans | ||
Financing Receivable, Modifications [Line Items] | ||
Financing Receivable, Modifications, Number of Contracts | 7 | 9 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | 470 | 21,765 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 1 | 4 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 65 | 47,718 |
PCI Loans | Interest Only Loan | ||
Financing Receivable, Modifications [Line Items] | ||
Financing Receivable, Modifications, Number of Contracts | 0 | 2 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | 0 | 15,906 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | 2 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 0 | 15,906 |
PCI Loans | Loan Term Extension | ||
Financing Receivable, Modifications [Line Items] | ||
Financing Receivable, Modifications, Number of Contracts | 0 | 1 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | 0 | 281 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | 0 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 0 | 0 |
PCI Loans | Below Market Interest Rate | ||
Financing Receivable, Modifications [Line Items] | ||
Financing Receivable, Modifications, Number of Contracts | 7 | 6 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | 470 | 5,578 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 1 | 2 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 65 | 31,812 |
PCI Loans | Commercial | 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 | 15,906 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | 2 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 0 | 15,906 |
PCI Loans | Commercial | Loan Term Extension | Construction and land development | ||
Financing Receivable, Modifications [Line Items] | ||
Financing Receivable, Modifications, Number of Contracts | 0 | 1 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | 0 | 281 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | 0 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 0 | 0 |
PCI Loans | Commercial | Below Market Interest Rate | Construction and land development | ||
Financing Receivable, Modifications [Line Items] | ||
Financing Receivable, Modifications, Number of Contracts | 0 | 1 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | 0 | 37 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | 0 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 0 | 0 |
PCI Loans | Commercial | Below Market Interest Rate | Mortgage | ||
Financing Receivable, Modifications [Line Items] | ||
Financing Receivable, Modifications, Number of Contracts | 0 | 4 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | 0 | 5,439 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | 1 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 0 | 47 |
PCI Loans | Commercial | Below Market Interest Rate | Commercial and industrial | ||
Financing Receivable, Modifications [Line Items] | ||
Financing Receivable, Modifications, Number of Contracts | 0 | 0 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | 0 | 0 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 1 | 0 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 65 | 0 |
PCI Loans | Noncommerical | Below Market Interest Rate | Mortgage | ||
Financing Receivable, Modifications [Line Items] | ||
Financing Receivable, Modifications, Number of Contracts | 7 | 1 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | 470 | 102 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | 1 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | $0 | $436 |
Other_Real_Estate_Owned_Detail
Other Real Estate Owned (Details) (USD $) | 3 Months Ended | ||||
Mar. 31, 2015 | Mar. 31, 2014 | Mar. 31, 2015 | Dec. 31, 2014 | Mar. 31, 2014 | |
Real Estate Properties [Line Items] | |||||
Financing Receivable in Consumer Mortgage Loans, Collateralized by Residential Real Estate in Process of Foreclosure | $20,100,000 | $24,800,000 | |||
Covered | |||||
Beginning balance | 22,982,000 | 47,081,000 | 17,302,000 | 41,855,000 | |
Additions | 4,244,000 | 1,514,000 | |||
Sales | -8,970,000 | -4,512,000 | |||
Writedowns | -954,000 | -2,228,000 | |||
Noncovered | |||||
Beginning balance | 70,454,000 | 36,898,000 | 72,690,000 | 44,504,000 | |
Additions | 17,084,000 | 3,318,000 | |||
Sales | -13,573,000 | -5,854,000 | |||
Writedowns | -1,275,000 | -1,449,000 | |||
Total | |||||
Beginning balance | 93,436,000 | 83,979,000 | |||
Additions | 21,328,000 | 4,832,000 | |||
Sales | -22,543,000 | -10,366,000 | |||
Writedowns | -2,229,000 | -3,677,000 | |||
Ending balance | 89,992,000 | 86,359,000 | |||
Mortgage | |||||
Total | |||||
Beginning balance | 23,236,000 | 29,048,000 | |||
Ending balance | 23,236,000 | 23,236,000 | 29,048,000 | ||
1st Financial | |||||
Covered | |||||
Additions | 0 | ||||
Noncovered | |||||
Additions | 11,591,000 | ||||
Total | |||||
Additions | $11,591,000 |
Receivable_from_FDIC_for_Loss_2
Receivable from FDIC for Loss Share Agreements (Changes in Receivable from FDIC) (Details) (USD $) | 3 Months Ended | |||
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 | Dec. 31, 2014 | Dec. 31, 2013 |
Receivable From FDIC For Loss Share Agreements [Abstract] | ||||
FDIC Indemnification Asset | $21,340 | $74,784 | $28,701 | $93,397 |
Receivable From FDIC For Loss Share Agreements [Roll Forward] | ||||
Accretion of discounts and premiums, net | -5,031 | -17,744 | ||
Receipt of payments from FDIC | 5,762 | 3,490 | ||
Post-acquisition and other adjustments, net | ($8,092) | ($4,359) |
Estimated_Fair_Values_Estimate
Estimated Fair Values (Estimated Fair Values For Certain Financial Assets And Financial Liabilities) (Details) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | ||
In Thousands, unless otherwise specified | ||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||||
Cash and due from banks | $495,901 | $604,182 | ||||
Overnight investments | 2,458,923 | 1,724,919 | ||||
Investment securities available for sale | 7,045,109 | 7,171,917 | ||||
Investment securities held to maturity | 441 | 518 | ||||
Loans held for sale | 66,508 | 63,696 | ||||
Loans and Leases Receivable, Net Amount | 18,886,204 | 18,564,999 | ||||
FDIC Indemnification Asset | 21,340 | 28,701 | 74,784 | 93,397 | ||
Income earned not collected | 63,165 | 57,254 | ||||
Mortgage servicing rights | 16,436 | 16,688 | 0 | 16 | ||
Deposits | 26,300,830 | 25,678,577 | ||||
FDIC loss share payable | 118,645 | 116,535 | ||||
Carrying Value | ||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||||
Cash and due from banks | 495,901 | 604,182 | ||||
Overnight investments | 2,458,923 | 1,724,919 | ||||
Investment securities available for sale | 7,045,109 | 7,171,917 | ||||
Investment securities held to maturity | 441 | 518 | ||||
Loans held for sale | 66,508 | 63,696 | ||||
Loans and Leases Receivable, Net Amount | 18,886,204 | 18,564,999 | ||||
FDIC Indemnification Asset | 21,340 | [1] | 28,701 | [1] | ||
Income earned not collected | 63,165 | 57,254 | ||||
Stock issued by Federal Home Loan Bank | 30,291 | 39,113 | ||||
Preferred stock and other acquired financial assets | 13,689 | 13,689 | ||||
Mortgage servicing rights | 16,436 | 16,688 | ||||
Deposits | 26,300,830 | 25,678,577 | ||||
Short-term borrowings | 941,850 | 987,184 | ||||
Long-term obligations | 468,180 | 351,320 | ||||
FDIC loss share payable | 118,645 | 116,535 | ||||
Accrued interest payable | 8,370 | 8,194 | ||||
Interest rate swap | 3,761 | 4,337 | ||||
Fair Value | ||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||||
Cash and due from banks | 495,901 | 604,182 | ||||
Overnight investments | 2,458,923 | 1,724,919 | ||||
Investment securities available for sale | 7,045,109 | 7,171,917 | ||||
Investment securities held to maturity | 459 | 544 | ||||
Loans held for sale | 66,508 | 63,696 | ||||
Loans and Leases Receivable, Net Amount | 18,359,306 | 18,046,497 | ||||
FDIC Indemnification Asset | 14,407 | [1] | 18,218 | [1] | ||
Income earned not collected | 63,165 | 57,254 | ||||
Stock issued by Federal Home Loan Bank | 30,291 | 39,113 | ||||
Preferred stock and other acquired financial assets | 14,688 | 14,708 | ||||
Mortgage servicing rights | 16,719 | 16,736 | ||||
Deposits | 25,718,225 | 25,164,683 | ||||
Short-term borrowings | 941,850 | 987,184 | ||||
Long-term obligations | 486,960 | 367,732 | ||||
FDIC loss share payable | 126,113 | 122,168 | ||||
Accrued interest payable | 8,370 | 8,194 | ||||
Interest rate swap | $3,761 | $4,337 | ||||
[1] | The fair value of the FDIC receivable excludes receivable related to accretable yield to be amortized in prospective periods. |
Estimated_Fair_Values_Narrativ
Estimated Fair Values (Narrative) (Details) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Estimated Fair Values [Line Items] | ||
Total investment securities available for sale, fair value | $7,045,109 | $7,171,917 |
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 $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities available for sale | $7,045,109 | $7,171,917 |
Fair Value, Measurements, Recurring | Fair Value | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities available for sale | 7,045,109 | 7,171,917 |
Loans held for sale | 66,508 | 63,696 |
Interest rate swaps accounted for as cash flow hedges | 3,761 | 4,337 |
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 |
Loans held 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 | 7,045,109 | 7,171,917 |
Loans held for sale | 66,508 | 63,696 |
Interest rate swaps accounted for as cash flow hedges | 3,761 | 4,337 |
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 |
Loans held 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 | 2,246,966 | 2,629,670 |
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 | 2,246,966 | 2,629,670 |
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 | 990,894 | 908,817 |
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 | 990,894 | 908,817 |
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 | 3,807,249 | 3,633,304 |
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 | 3,807,249 | 3,633,304 |
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 | State, County, Municipal | Fair Value | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities available for sale | 126 | |
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 | |
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 | |
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 |
Estimated_Fair_Values_Assets_A1
Estimated Fair Values (Assets And Liabilities Carried At Fair Value On A Nonrecurring Basis) (Details) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Other Real Estate, Non Covered | $72,690 | $70,454 | $44,504 | $36,898 |
Other Real Estate, Covered | 17,302 | 22,982 | 41,855 | 47,081 |
Mortgage servicing rights | 16,436 | 16,688 | 0 | 16 |
Fair Value, Measurements, Nonrecurring | Fair Value | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Impaired loans not covered by loss share agreements | 69,749 | 73,170 | ||
Other Real Estate, Non Covered | 17,034 | 40,714 | ||
Other Real Estate, Covered | 3,714 | 17,664 | ||
Mortgage servicing rights | 14,225 | 13,562 | ||
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] | ||||
Impaired loans not covered by loss share agreements | 0 | 0 | ||
Other Real Estate, Non Covered | 0 | 0 | ||
Other Real Estate, Covered | 0 | 0 | ||
Mortgage servicing rights | 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] | ||||
Impaired loans not covered by loss share agreements | 0 | 0 | ||
Other Real Estate, Non Covered | 0 | 0 | ||
Other Real Estate, Covered | 0 | 0 | ||
Mortgage servicing rights | 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] | ||||
Impaired loans not covered by loss share agreements | 69,749 | 73,170 | ||
Other Real Estate, Non Covered | 17,034 | 40,714 | ||
Other Real Estate, Covered | 3,714 | 17,664 | ||
Mortgage servicing rights | $14,225 | $13,562 |
Estimated_Fair_Values_Estimate1
Estimated Fair Values Estimated Fair Values (Fair Value Option) (Details) (Loans Held For Sale, USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Dec. 31, 2014 |
Loans Held For Sale | ||
Fair Value, Option, Quantitative Disclosures [Line Items] | ||
Gains (Losses) From Fair Value Changes | $430 | |
Fair Value Of Items For Which Fair Value Option Was Elected Assets | 66,508 | 63,696 |
Aggregate Unpaid Principal Balance Of Items For Which Fair Value Option Was Elected Assets | 65,378 | 62,996 |
Fair Value Option Aggregate Difference Assets | $1,130 | $700 |
Employee_Benefit_Plans_Compone
Employee Benefit Plans (Components Of Pension Expense) (Details) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
BancShares Plan | ||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||
Service cost | $3,600 | $3,381 |
Interest cost | 6,748 | 6,556 |
Expected return on assets | -8,295 | -7,812 |
Amortization of prior service cost | 53 | 53 |
Amortization of net actuarial loss | 2,833 | 1,546 |
Total pension expense | 4,939 | 3,724 |
Bancorporation Plan | ||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||
Service cost | 933 | |
Interest cost | 1,628 | |
Expected return on assets | -2,869 | |
Amortization of prior service cost | 0 | |
Amortization of net actuarial loss | 0 | |
Total pension expense | ($308) |
Commitments_and_Contingencies_
Commitments and Contingencies (Details) (USD $) | 3 Months Ended | |||
Mar. 31, 2015 | Dec. 31, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | |
Guarantor Obligations [Line Items] | ||||
FDIC Indemnification Asset | 21,340,000 | $28,701,000 | $74,784,000 | $93,397,000 |
FDIC loss share payable | 118,645,000 | 116,535,000 | ||
Commitments to Extend Credit | ||||
Guarantor Obligations [Line Items] | ||||
Unused Commitments to Extend Credit | 7,570,000,000 | 7,190,000,000 | ||
Affordable housing program obligation | 22,600,000 | 16,800,000 | ||
Standby Letters of Credit | ||||
Guarantor Obligations [Line Items] | ||||
Guarantor obligations amount | 75,000,000 | 77,400,000 | ||
Recourse Obligation on Mortgage Loans Sold | ||||
Guarantor Obligations [Line Items] | ||||
Recourse Period, Maximum1 | 120 days | |||
Obligation to Repurchase Receivables Sold | ||||
Guarantor Obligations [Line Items] | ||||
Reserve for estimated losses arising from repurchase of loans | 3,100,000 | $3,200,000 |
Derivatives_Narrative_Details
Derivatives (Narrative) (Details) (USD $) | 3 Months Ended | ||
In Millions, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 | Dec. 31, 2014 |
Derivative [Line Items] | |||
Fair value of collateral pledged to secure interest rate contracts | $7 | ||
Incremental interest expense paid to interest rate swap counterparties | 0.8 | 0.8 | |
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% |
Derivatives_Schedule_Of_Intere
Derivatives (Schedule Of Interest Rate Swaps) (Details) (2011 Interest Rate Swap, USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
2011 Interest Rate Swap | ||
Derivative [Line Items] | ||
Estimated fair value of liability | $3,761 | $4,337 |
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 | |||||||
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 | Dec. 31, 2014 | Dec. 31, 2013 | ||||
Accumulated Other Comprehensive Income (Loss), before Tax | ($57,939) | ($86,690) | ||||||
Deferred tax expense (benefit) | -22,528 | -33,709 | ||||||
Accumulated other comprehensive income (loss), net of tax | -35,411 | -16,594 | -52,981 | -25,268 | ||||
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | 1,386 | -977 | ||||||
Reclassification adjustment for losses included in income before income taxes | 2,886 | 1,599 | ||||||
Unrealized Gains on Investment Securities Available for Sale | ||||||||
Accumulated Other Comprehensive Income (Loss), before Tax | 33,632 | 8,343 | ||||||
Deferred tax expense (benefit) | 13,081 | 3,245 | ||||||
Accumulated other comprehensive income (loss), net of tax | 20,551 | [1] | -2,835 | [1] | 5,098 | [1] | -10,091 | [1] |
Income taxes | -1,977 | |||||||
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | 3,149 | [1] | 0 | [1] | ||||
Funded Status of Defined Benefit Plan | ||||||||
Accumulated Other Comprehensive Income (Loss), before Tax | -87,810 | -90,696 | ||||||
Deferred tax expense (benefit) | -34,158 | -35,281 | ||||||
Accumulated other comprehensive income (loss), net of tax | -53,652 | [1] | -9,766 | [1] | -55,415 | [1] | -10,743 | [1] |
Income taxes | 1,123 | 622 | ||||||
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | -1,763 | [1] | -977 | [1] | ||||
Employee Benefits, prior service costs | -53 | -53 | ||||||
Reclassification adjustment for losses included in income before income taxes | -2,833 | -1,546 | ||||||
Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, before Tax | -2,886 | -1,599 | ||||||
Unrealized Loss on Cash Flow Hedges | ||||||||
Accumulated Other Comprehensive Income (Loss), before Tax | -3,761 | -4,337 | ||||||
Deferred tax expense (benefit) | -1,451 | -1,673 | ||||||
Accumulated other comprehensive income (loss), net of tax | -2,310 | [1] | -3,993 | [1] | -2,664 | [1] | -4,434 | [1] |
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | $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 | |||
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Beginning balance | ($52,981) | ($25,268) | ||
Other comprehensive income before reclassifications | 18,956 | 7,697 | ||
Amounts reclassified from accumulated other comprehensive (loss) income | -1,386 | 977 | ||
Net current period other comprehensive income | 17,570 | 8,674 | ||
Ending balance | -35,411 | -16,594 | ||
Unrealized Loss on Cash Flow Hedges | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Beginning balance | -2,664 | [1] | -4,434 | [1] |
Other comprehensive income before reclassifications | 354 | [1] | 441 | [1] |
Amounts reclassified from accumulated other comprehensive (loss) income | 0 | [1] | 0 | [1] |
Net current period other comprehensive income | 354 | [1] | 441 | [1] |
Ending balance | -2,310 | [1] | -3,993 | [1] |
Unrealized Gains on Investment Securities Available for Sale | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Beginning balance | 5,098 | [1] | -10,091 | [1] |
Other comprehensive income before reclassifications | 18,602 | [1] | 7,256 | [1] |
Amounts reclassified from accumulated other comprehensive (loss) income | -3,149 | [1] | 0 | [1] |
Net current period other comprehensive income | 15,453 | [1] | 7,256 | [1] |
Ending balance | 20,551 | [1] | -2,835 | [1] |
Defined Benefit Pension Items | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Beginning balance | -55,415 | [1] | -10,743 | [1] |
Other comprehensive income before reclassifications | 0 | [1] | 0 | [1] |
Amounts reclassified from accumulated other comprehensive (loss) income | 1,763 | [1] | 977 | [1] |
Net current period other comprehensive income | 1,763 | [1] | 977 | [1] |
Ending balance | ($53,652) | [1] | ($9,766) | [1] |
[1] | All amounts are net of tax. |
Accumulated_Other_Comprehensiv4
Accumulated Other Comprehensive Loss (Reclassifications out of AOCI) (Details) (USD $) | 3 Months Ended | |||
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 | ||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||||
Securities gains (losses) | $5,126 | $0 | ||
Reclassification adjustment for losses included in income before income taxes | 2,886 | 1,599 | ||
Amounts reclassified from accumulated other comprehensive income, net of tax | -1,386 | 977 | ||
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] |
Unrealized Gains on Investment Securities Available for Sale | ||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||||
Securities gains (losses) | 5,126 | |||
Income taxes | -1,977 | |||
Amounts reclassified from accumulated other comprehensive income, net of tax | -3,149 | [1] | 0 | [1] |
Defined Benefit Pension Items | ||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||||
Employee Benefits, prior service costs | -53 | -53 | ||
Reclassification adjustment for losses included in income before income taxes | -2,833 | -1,546 | ||
Total before taxes | -2,886 | -1,599 | ||
Income taxes | 1,123 | 622 | ||
Amounts reclassified from accumulated other comprehensive income, net of tax | $1,763 | [1] | $977 | [1] |
[1] | All amounts are net of tax. |
Repurchase_Agreements_Repurcha2
Repurchase Agreements Repurchase Agreements (Details) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
Assets Sold under Agreements to Repurchase [Line Items] | ||
Securities Sold under Agreements to Repurchase, Fair Value of Collateral | $386,800,000 | $418,300,000 |
Securities Sold under Agreements to Repurchase | 365,283,000 | 324,425,000 |
Securities Sold under Agreements to Repurchase, Gross | 365,283,000 | 324,425,000 |
Government Agency | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Securities Sold under Agreements to Repurchase | 6,909,000 | 6,914,000 |
U. S. Treasury | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Securities Sold under Agreements to Repurchase | 358,374,000 | 186,010,000 |
Mortgage Backed Securities, Other [Member] | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Securities Sold under Agreements to Repurchase | 131,501,000 | |
Overnight and continuous | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Securities Sold under Agreements to Repurchase | 335,283,000 | 294,425,000 |
Overnight and continuous | Government Agency | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Securities Sold under Agreements to Repurchase | 0 | 0 |
Overnight and continuous | U. S. Treasury | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Securities Sold under Agreements to Repurchase | 335,283,000 | 162,924,000 |
Overnight and continuous | Mortgage Backed Securities, Other [Member] | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Securities Sold under Agreements to Repurchase | 131,501,000 | |
Up to 30 days | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Securities Sold under Agreements to Repurchase | 0 | 0 |
Up to 30 days | Government Agency | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Securities Sold under Agreements to Repurchase | 0 | 0 |
Up to 30 days | U. S. Treasury | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Securities Sold under Agreements to Repurchase | 0 | 0 |
Up to 30 days | Mortgage Backed Securities, Other [Member] | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Securities Sold under Agreements to Repurchase | 0 | |
30 - 90 days | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Securities Sold under Agreements to Repurchase | 0 | 0 |
30 - 90 days | Government Agency | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Securities Sold under Agreements to Repurchase | 0 | 0 |
30 - 90 days | U. S. Treasury | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Securities Sold under Agreements to Repurchase | 0 | 0 |
30 - 90 days | Mortgage Backed Securities, Other [Member] | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Securities Sold under Agreements to Repurchase | 0 | |
Greater than 90 days | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Securities Sold under Agreements to Repurchase | 30,000,000 | 30,000,000 |
Greater than 90 days | Government Agency | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Securities Sold under Agreements to Repurchase | 6,909,000 | 6,914,000 |
Greater than 90 days | U. S. Treasury | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Securities Sold under Agreements to Repurchase | 23,091,000 | 23,086,000 |
Greater than 90 days | Mortgage Backed Securities, Other [Member] | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Securities Sold under Agreements to Repurchase | $0 |
Mortgage_Servicing_Rights_Mort2
Mortgage Servicing Rights Mortgage Servicing Rights (MSR Carrying Value) ((Details) (USD $) | 3 Months Ended | |||
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 | Dec. 31, 2014 | Dec. 31, 2013 |
Servicing Asset at Amortized Cost [Line Items] | ||||
Mortgage servicing rights | $16,436 | $0 | $16,688 | $16 |
Amortization of Mortgage Servicing Rights (MSRs) | -852 | -164 | ||
Servicing Asset at Amortized Cost, Additions | 662 | 0 | ||
Valuation Allowance for Impairment of Recognized Servicing Assets, Provisions | 62 | 0 | ||
1st Financial | ||||
Servicing Asset at Amortized Cost [Line Items] | ||||
Servicing Asset at Amortized Cost, Additions | $0 | $148 |
Mortgage_Servicing_Rights_Mort3
Mortgage Servicing Rights Mortgage servicing rights (Valuation allowance) (Details) (USD $) | 3 Months Ended | |||
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 | Dec. 31, 2014 | Dec. 31, 2013 |
Mortgage Servicing Rights [Abstract] | ||||
Valuation allowance | $912 | $0 | $850 | $0 |
Valuation allowance provision | ($62) | $0 |
Mortgage_Servicing_Rights_Mort4
Mortgage Servicing Rights Mortgage Servicing Rights (Economic Assumptions) (Details) | 3 Months Ended | 12 Months Ended |
Mar. 31, 2015 | Dec. 31, 2014 | |
Rate | Rate | |
Servicing Asset Key Economic Assumptions [Line Items] | ||
Servicing Assets and Servicing Liabilities at Fair Value, Assumptions Used to Estimate Fair Value, Prepayment Speed | 16.07% | 14.25% |
Servicing Assets and Servicing Liabilities at Fair Value, Assumptions Used to Estimate Fair Value, Cost to Service Loans | 56,020 | 56,020 |
Conventional fixed loans | ||
Servicing Asset Key Economic Assumptions [Line Items] | ||
Servicing Assets and Servicing Liabilities at Fair Value, Assumptions Used to Estimate Fair Value, Discount Rate | 6.95% | 7.20% |
All loans excluding conventional fixed loans | ||
Servicing Asset Key Economic Assumptions [Line Items] | ||
Servicing Assets and Servicing Liabilities at Fair Value, Assumptions Used to Estimate Fair Value, Discount Rate | 8.95% | 9.20% |
Mortgage_Servicing_Rights_Mort5
Mortgage Servicing Rights Mortgage Servicing Rights (Narrative) (Details) (USD $) | 3 Months Ended | |||
Mar. 31, 2015 | Mar. 31, 2014 | Dec. 31, 2014 | Dec. 31, 2013 | |
Mortgage Servicing Rights [Abstract] | ||||
Mortgage servicing rights | $16,436,000 | $0 | $16,688,000 | $16,000 |
Contractually Specified Servicing Fees, Late Fees, and Ancillary Fees Earned in Exchange for Servicing Financial Assets | 1,100,000 | 0 | ||
Amortization of Mortgage Servicing Rights (MSRs) | -852,000 | -164,000 | ||
Valuation allowance provision | ($62,000) | $0 |