Document_And_Entity_Informatio
Document And Entity Information (USD $) | 6 Months Ended |
Jun. 30, 2014 | |
Document and Entity Information [Abstract] | ' |
Entity Registrant Name | 'BOK FINANCIAL CORP ET AL |
Entity Central Index Key | '0000875357 |
Current Fiscal Year End Date | '--12-31 |
Entity Well-known Seasoned Issuer | 'Yes |
Entity Voluntary Filers | 'Yes |
Entity Current Reporting Status | 'Yes |
Entity Filer Category | 'Large Accelerated Filer |
Entity Public Float | $1,782,640,442 |
Entity Common Stock, Shares Outstanding | 69,286,001 |
Document Fiscal Year Focus | '2014 |
Document Fiscal Period Focus | 'Q2 |
Document Type | '10-Q |
Amendment Flag | 'false |
Document Period End Date | 30-Jun-14 |
Consolidated_Statements_of_Ear
Consolidated Statements of Earnings (Unaudited) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Interest revenue [Abstract] | ' | ' | ' | ' |
Loans | $125,493 | $124,297 | $247,964 | $249,410 |
Residential mortgage loans held for sale | 2,523 | 2,294 | 4,113 | 4,086 |
Trading securities | 408 | 621 | 819 | 1,099 |
Taxable securities | 3,195 | 3,604 | 6,477 | 7,402 |
Tax-exempt securities | 1,471 | 1,150 | 2,975 | 2,178 |
Total investment securities | 4,666 | 4,754 | 9,452 | 9,580 |
Taxable securities | 46,458 | 51,360 | 93,713 | 106,367 |
Tax-exempt securities | 631 | 687 | 1,125 | 1,291 |
Total available for sale securities | 47,089 | 52,047 | 94,838 | 107,658 |
Fair value option securities | 794 | 1,024 | 1,645 | 2,201 |
Restricted equity securities | 1,275 | 1,462 | 2,272 | 2,327 |
Interest-bearing cash and cash equivalents | 383 | 278 | 648 | 462 |
Total interest revenue | 182,631 | 186,777 | 361,751 | 376,823 |
Interest expense [Abstract] | ' | ' | ' | ' |
Deposits | 12,777 | 13,909 | 25,763 | 28,790 |
Borrowed funds | 1,568 | 1,776 | 2,902 | 3,330 |
Subordinated debentures | 2,189 | 2,200 | 4,347 | 4,359 |
Total interest expense | 16,534 | 17,885 | 33,012 | 36,479 |
Net interest revenue | 166,097 | 168,892 | 328,739 | 340,344 |
Provision for credit losses | 0 | 0 | 0 | -8,000 |
Net interest revenue after provision for credit losses | 166,097 | 168,892 | 328,739 | 348,344 |
Other operating revenue [Abstract] | ' | ' | ' | ' |
Brokerage and trading revenue | 39,056 | 32,874 | 68,572 | 64,625 |
Transaction card revenue | 31,510 | 29,942 | 60,644 | 57,633 |
Fiduciary and asset management revenue | 29,543 | 24,803 | 55,265 | 47,116 |
Deposit service charges and fees | 23,133 | 23,962 | 45,822 | 46,928 |
Mortgage banking revenue | 29,330 | 36,596 | 52,174 | 76,572 |
Bank-owned life insurance | 2,274 | 2,236 | 4,380 | 5,462 |
Other revenue | 9,208 | 8,760 | 18,060 | 17,902 |
Total fees and commissions | 164,054 | 159,173 | 304,917 | 316,238 |
Gain (loss) on assets, net | -52 | -1,666 | -4,316 | -1,199 |
Gain (loss) on derivatives, net | 831 | -2,527 | 1,799 | -3,468 |
Gain (loss) on fair value option securities, net | 4,176 | -9,156 | 6,836 | -12,327 |
Change in fair value of mortgage servicing rights | -6,444 | 14,315 | -10,905 | 16,973 |
Gain on available for sale securities, net | 4 | 3,753 | 1,244 | 8,608 |
Total other-than-temporary impairment losses | 0 | -1,138 | 0 | -1,138 |
Portion of loss recognized in (reclassified from) other comprehensive income | 0 | 586 | 0 | 339 |
Net impairment losses recognized in earnings | 0 | -552 | 0 | -799 |
Total other operating revenue | 162,569 | 163,340 | 299,575 | 324,026 |
Other operating expense [Abstract] | ' | ' | ' | ' |
Personnel | 123,714 | 128,110 | 228,147 | 253,765 |
Business promotion | 7,150 | 5,770 | 12,991 | 11,223 |
Charitable contributions to BOKF Foundation | 0 | 0 | 2,420 | 0 |
Professional fees and services | 11,054 | 8,381 | 18,619 | 15,366 |
Net occupancy and equipment | 18,789 | 16,909 | 35,685 | 33,390 |
Insurance | 4,467 | 4,044 | 9,008 | 7,789 |
Data processing and communications | 29,071 | 26,734 | 56,206 | 52,184 |
Printing, postage and supplies | 3,429 | 3,580 | 6,970 | 7,254 |
Net losses and operating expenses of repossessed assets | 1,118 | 282 | 2,550 | 1,528 |
Amortization of intangible assets | 949 | 875 | 1,765 | 1,751 |
Mortgage banking costs | 7,960 | 7,910 | 11,594 | 15,264 |
Other expense | 7,006 | 8,326 | 13,856 | 15,390 |
Total other operating expense | 214,707 | 210,921 | 399,811 | 414,904 |
Net income before taxes | 113,959 | 121,311 | 228,503 | 257,466 |
Federal and state income taxes | 37,230 | 41,423 | 74,731 | 88,519 |
Net income | 76,729 | 79,888 | 153,772 | 168,947 |
Net income (loss) attributable to non-controlling interest | 834 | -43 | 1,287 | 1,052 |
Net income attributable to BOK Financial Corporation shareholders | $75,895 | $79,931 | $152,485 | $167,895 |
Earnings per share: [Abstract] | ' | ' | ' | ' |
Basic (in dollars per share) | $1.10 | $1.16 | $2.21 | $2.45 |
Diluted (in dollars per share) | $1.10 | $1.16 | $2.20 | $2.44 |
Average shares used in computation: [Abstract] | ' | ' | ' | ' |
Basic (in shares) | 68,359,945 | 67,993,822 | 68,318,689 | 67,904,599 |
Diluted (in shares) | 68,511,378 | 68,212,497 | 68,475,802 | 68,126,751 |
Dividends declared per share (in dollars per share) | $0.40 | $0.38 | $0.80 | $0.76 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (USD $) | 3 Months Ended | 6 Months Ended | ||||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | ||
Statement of Comprehensive Income [Abstract] | ' | ' | ' | ' | ||
Net income | $76,729 | $79,888 | $153,772 | $168,947 | ||
Other comprehensive income (loss) before income taxes: [Abstract] | ' | ' | ' | ' | ||
Net change in unrealized gain (loss) | 70,038 | -183,186 | 124,651 | -204,545 | ||
Reclassification adjustments included in earnings [Abstract] | ' | ' | ' | ' | ||
Interest revenue, Investment securities, Taxable securities | -333 | -873 | -736 | -2,021 | ||
Interest expense, Subordinated debentures | 71 | 72 | 154 | 124 | ||
Net impairment losses recognized in earnings | 0 | 552 | 0 | 799 | ||
Gain on available for sale securities, net | -4 | -3,753 | -1,244 | -8,608 | ||
Other comprehensive income (loss) before income taxes | 69,772 | -187,188 | 122,825 | -214,251 | ||
Federal and state income taxes | -27,151 | 72,819 | -47,786 | [1] | 83,345 | [1] |
Other comprehensive income (loss), net of income taxes | 42,621 | -114,369 | 75,039 | -130,906 | ||
Comprehensive income (loss) | 119,350 | -34,481 | 228,811 | 38,041 | ||
Comprehensive income (loss) attributable to non-controlling interests | 834 | -43 | 1,287 | 1,052 | ||
Comprehensive income (loss) attributable to BOK Financial Corp. shareholders | $118,516 | ($34,438) | $227,524 | $36,989 | ||
[1] | Calculated using a 39% effective tax rate. |
Consolidated_Balance_Sheets_Un
Consolidated Balance Sheets (Unaudited) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | |||
In Thousands, unless otherwise specified | ||||||
Assets [Abstract] | ' | ' | ' | |||
Cash and due from banks | $615,479 | $512,931 | $507,551 | |||
Interest-bearing cash and cash equivalents | 732,395 | 574,282 | 570,836 | |||
Trading securities | 101,097 | 91,616 | 190,591 | |||
Investment securities | 649,937 | [1] | 677,878 | [2] | 615,790 | [3] |
Available for sale securities | 9,699,146 | 10,147,162 | 10,698,074 | |||
Fair value option securities | 185,674 | 167,125 | 205,756 | |||
Restricted equity securities | 91,213 | 85,240 | 157,847 | |||
Residential mortgage loans held for sale | 325,875 | 200,546 | 301,057 | |||
Loans | 13,426,858 | 12,792,264 | 12,440,782 | |||
Allowance for loan losses | -190,690 | -185,396 | -203,124 | |||
Loans, net of allowance | 13,236,168 | 12,606,868 | 12,237,658 | |||
Premises and equipment, net | 280,286 | 277,849 | 271,191 | |||
Receivables | 115,991 | 117,126 | 136,605 | |||
Goodwill | 377,780 | 359,759 | 359,759 | |||
Intangible assets, net | 36,576 | 24,564 | 26,242 | |||
Mortgage servicing rights | 155,740 | 153,333 | 132,889 | |||
Real estate and other repossessed assets, net of allowance | 100,111 | 92,272 | 110,112 | |||
Derivative contracts | 357,680 | 265,012 | 546,206 | |||
Cash surrender value of bank-owned life insurance | 289,231 | 284,801 | 280,047 | |||
Receivable on unsettled securities sales | 14,025 | 17,174 | 182,147 | |||
Other assets | 479,366 | 359,894 | 277,842 | |||
Total assets | 27,843,770 | 27,015,432 | 27,808,200 | |||
Deposits [Abstract] | ' | ' | ' | |||
Noninterest-bearing demand deposits | 7,908,005 | 7,316,277 | 7,145,323 | |||
Interest-bearing deposits: [Abstract] | ' | ' | ' | |||
Transaction | 9,698,404 | 9,934,051 | 9,266,560 | |||
Savings | 349,629 | 323,006 | 316,375 | |||
Time | 2,615,826 | 2,695,993 | 2,767,972 | |||
Total deposits | 20,571,864 | 20,269,327 | 19,496,230 | |||
Funds purchased | 705,573 | 868,081 | 747,165 | |||
Repurchase agreements | 1,072,375 | 813,454 | 845,106 | |||
Other borrowings | 1,231,662 | 1,040,353 | 2,481,644 | |||
Subordinated debentures | 347,890 | 347,802 | 347,716 | |||
Accrued interest, taxes and expense | 100,227 | 194,870 | 175,677 | |||
Derivative contracts | 297,851 | 247,185 | 521,991 | |||
Due on unsettled securities purchases | 124,537 | 45,740 | 49,369 | |||
Other liabilities | 144,145 | 133,647 | 150,420 | |||
Total liabilities | 24,596,124 | 23,960,459 | 24,815,318 | |||
Shareholders' equity: [Abstract] | ' | ' | ' | |||
Common stock | 4 | 4 | 4 | |||
Capital surplus | 938,665 | 898,586 | 884,238 | |||
Retained earnings | 2,447,118 | 2,349,428 | 2,253,810 | |||
Treasury stock | -222,686 | -202,346 | -199,429 | |||
Accumulated other comprehensive income (loss) | 49,416 | -25,623 | 19,014 | |||
Total shareholders' equity | 3,212,517 | 3,020,049 | 2,957,637 | |||
Non-controlling interests | 35,129 | 34,924 | 35,245 | |||
Total equity | 3,247,646 | 3,054,973 | 2,992,882 | |||
Total liabilities and equity | $27,843,770 | $27,015,432 | $27,808,200 | |||
[1] | Carrying value includes $1.1 million of net unrealized gain which remains in Accumulated other comprehensive income (“AOCIâ€) in the Consolidated Balance Sheets related to certain securities transferred from the Available for Sale securities portfolio to the Investment securities portfolio as discussed in greater detail following. | |||||
[2] | Carrying value includes $1.8 million of net unrealized gain which remains in Accumulated other comprehensive income (“AOCIâ€) in the Consolidated Balance Sheets related to certain securities transferred from the Available for Sale securities portfolio to the Investment securities portfolio as discussed in greater detail following. | |||||
[3] | Carrying value includes $3.0 million of net unrealized gain which remains in Accumulated other comprehensive income (“AOCIâ€) in the Consolidated Balance Sheets related to certain securities transferred from the Available for Sale securities portfolio to the Investment securities portfolio as discussed in greater detail following. |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parenthetical) (Unaudited) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 |
In Thousands, except Share data, unless otherwise specified | |||
Investment securities [Abstract] | ' | ' | ' |
Investment securities, fair value | $670,811 | $687,127 | $625,705 |
Real estate and other repossessed assets, Valuation allowance | $22,530 | $24,195 | $26,857 |
Shareholders' equity: [Abstract] | ' | ' | ' |
Common stock, par value (in dollars per share) | $0.00 | $0.00 | $0.00 |
Common stock, shares authorized (in shares) | 2,500,000,000 | 2,500,000,000 | 2,500,000,000 |
Common stock, shares issued (in shares) | 73,896,899 | 73,163,275 | 73,029,101 |
Common stock, shares outstanding (in shares) | 73,896,899 | 73,163,275 | 73,029,101 |
Treasury stock, shares at cost (in shares) | 4,610,898 | 4,304,782 | 4,289,893 |
Consolidated_Statements_of_Cha
Consolidated Statements of Changes in Equity (Unaudited) (USD $) | Total | Common Stock [Member] | Capital Surplus [Member] | Retained Earnings [Member] | Treasury Stock [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Total Shareholders' Equity [Member] | Non-Controlling Interests [Member] |
In Thousands | ||||||||
Balance, beginning of period at Dec. 31, 2012 | $2,993,681 | $4 | $859,278 | $2,137,541 | ($188,883) | $149,920 | $2,957,860 | $35,821 |
Balance, beginning of period (in shares) at Dec. 31, 2012 | ' | 72,415 | ' | ' | 4,088 | ' | ' | ' |
Net income | 168,947 | ' | ' | 167,895 | ' | ' | 167,895 | 1,052 |
Other comprehensive income (loss) | -130,906 | ' | ' | ' | ' | -130,906 | -130,906 | ' |
Issuance of shares for equity compensation (in shares) | ' | 614 | ' | ' | 202 | ' | ' | ' |
Issuance of shares for equity compensation | 12,879 | ' | 23,425 | ' | -10,546 | ' | 12,879 | ' |
Tax effect from equity compensation, net | 178 | ' | 178 | ' | ' | ' | 178 | ' |
Stock-based compensation | 1,357 | ' | 1,357 | ' | ' | ' | 1,357 | ' |
Cash dividends on common stock | -51,626 | ' | ' | -51,626 | ' | ' | -51,626 | ' |
Capital calls and distributions, net | -1,628 | ' | ' | ' | ' | ' | ' | -1,628 |
Balance, end of period at Jun. 30, 2013 | 2,992,882 | 4 | 884,238 | 2,253,810 | -199,429 | 19,014 | 2,957,637 | 35,245 |
Balance, end of period (in shares) at Jun. 30, 2013 | ' | 73,029 | ' | ' | 4,290 | ' | ' | ' |
Balance, beginning of period at Dec. 31, 2013 | 3,054,973 | 4 | 898,586 | 2,349,428 | -202,346 | -25,623 | 3,020,049 | 34,924 |
Balance, beginning of period (in shares) at Dec. 31, 2013 | ' | 73,163 | ' | ' | 4,305 | ' | ' | ' |
Net income | 153,772 | ' | ' | 152,485 | ' | ' | 152,485 | 1,287 |
Other comprehensive income (loss) | 75,039 | ' | ' | ' | ' | 75,039 | 75,039 | ' |
Issuance of shares for equity compensation (in shares) | ' | 734 | ' | ' | 306 | ' | ' | ' |
Issuance of shares for equity compensation | -9,376 | ' | 10,964 | ' | -20,340 | ' | -9,376 | ' |
Tax effect from equity compensation, net | 7,333 | ' | 7,333 | ' | ' | ' | 7,333 | ' |
Stock-based compensation | 21,782 | ' | 21,782 | ' | ' | ' | 21,782 | ' |
Cash dividends on common stock | -54,795 | ' | ' | -54,795 | ' | ' | -54,795 | ' |
Capital calls and distributions, net | -1,082 | ' | ' | ' | ' | ' | ' | -1,082 |
Balance, end of period at Jun. 30, 2014 | $3,247,646 | $4 | $938,665 | $2,447,118 | ($222,686) | $49,416 | $3,212,517 | $35,129 |
Balance, end of period (in shares) at Jun. 30, 2014 | ' | 73,897 | ' | ' | 4,611 | ' | ' | ' |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (Unaudited) (USD $) | 6 Months Ended | |
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 |
Cash Flows From Operating Activities: | ' | ' |
Net income | $153,772 | $168,947 |
Adjustments to reconcile net income to net cash provided by (used in) operating activities: | ' | ' |
Provision for credit losses | 0 | -8,000 |
Change in fair value of mortgage servicing rights | 10,905 | -16,973 |
Unrealized losses (gains) from derivative contracts | -1,371 | 6,137 |
Tax effect from equity compensation, net | -7,333 | -178 |
Change in bank-owned life insurance | -4,380 | -5,462 |
Stock-based compensation | 6,710 | 1,357 |
Depreciation and amortization | 26,090 | 27,634 |
Net amortization of securities discounts and premiums | 28,279 | 32,867 |
Net realized gains on financial instruments and other assets | -2,021 | -9,784 |
Net gain on mortgage loans held for sale | -29,733 | -47,998 |
Mortgage loans originated for sale | -1,818,145 | -2,152,353 |
Proceeds from sale of mortgage loans held for resale | 1,721,995 | 2,201,324 |
Capitalized mortgage servicing rights | -21,816 | -25,932 |
Change in trading and fair value option securities | -28,867 | 100,889 |
Change in receivables | 4,608 | -23,890 |
Change in other assets | 45,929 | 38,648 |
Change in accrued interest, taxes and expense | -124,579 | -1,001 |
Change in other liabilities | 23,629 | -13,407 |
Net cash provided by (used in) operating activities | -16,328 | 272,825 |
Cash Flows From Investing Activities: | ' | ' |
Proceeds from maturities or redemptions of investment securities | 34,074 | 99,020 |
Proceeds from maturities or redemptions of available for sale securities | 805,216 | 1,689,165 |
Purchases of investment securities | -9,593 | -217,160 |
Purchases of available for sale securities | -1,597,081 | -3,173,504 |
Proceeds from sales of available for sale securities | 1,340,190 | 1,837,970 |
Change in amount receivable on unsettled securities transactions | 3,149 | 28,905 |
Loans originated net of principal collected | -604,979 | -130,381 |
Net payments on derivative asset contracts | -117,280 | -229,888 |
Acquisitions, net of cash acquired | -21,898 | 0 |
Proceeds from disposition of assets | 52,871 | 53,191 |
Purchases of assets | -56,778 | -115,250 |
Net cash used in investing activities | -172,109 | -157,932 |
Cash Flows From Financing Activities: | ' | ' |
Net change in demand deposits, transaction deposits and savings accounts | 382,704 | -1,482,810 |
Net change in time deposits | -80,167 | -200,020 |
Net change in other borrowed funds | 223,824 | 1,311,756 |
Net proceeds on derivative liability contracts | 119,269 | 220,024 |
Net change in derivative margin accounts | -218,491 | 114,958 |
Change in amount due on unsettled security transactions | 78,797 | -248,084 |
Issuance of common and treasury stock, net | -9,376 | 12,879 |
Tax effect from equity compensation, net | 7,333 | 178 |
Dividends paid | -54,795 | -51,626 |
Net cash provided by (used in) financing activities | 449,098 | -322,745 |
Net increase (decrease) in cash and cash equivalents | 260,661 | -207,852 |
Cash and cash equivalents at beginning of period | 1,087,213 | 1,286,239 |
Cash and cash equivalents at end of period | 1,347,874 | 1,078,387 |
Supplemental Cash Flow Information [Abstract] | ' | ' |
Cash paid for interest | 32,535 | 36,615 |
Cash paid for taxes | 50,187 | 73,527 |
Net loans and bank premises transferred to repossessed real estate and other assets | 38,797 | 52,967 |
Residential mortgage loans guaranteed by U.S. government agencies that became eligible for repurchase during the period | 63,898 | 55,938 |
Conveyance of other real estate owned guaranteed by U.S. government agencies | 18,312 | 22,527 |
Issuance of shares in settlement of accrued executive compensation | $15,072 | $0 |
Significant_Accounting_Policie
Significant Accounting Policies | 6 Months Ended |
Jun. 30, 2014 | |
Accounting Policies [Abstract] | ' |
Significant Accounting Policies [Text Block] | ' |
(1) Significant Accounting Policies | |
Basis of Presentation | |
The accompanying unaudited condensed consolidated financial statements of BOK Financial Corporation (“BOK Financial” or “the Company”) have been prepared in accordance with accounting principles for interim financial information generally accepted in the United States and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. | |
The unaudited consolidated financial statements include accounts of BOK Financial and its subsidiaries, principally BOKF, NA (“the Bank”), BOSC, Inc., The Milestone Group, Inc. and Cavanal Hill Investment Management Inc. Operating divisions of the Bank include Bank of Albuquerque, Bank of Arizona, Bank of Arkansas, Bank of Oklahoma, Bank of Texas, Colorado State Bank and Trust, Bank of Kansas City, BOK Financial Mortgage and the TransFund electronic funds network. | |
Certain reclassifications have been made to conform to the current period presentation. | |
The financial information should be read in conjunction with BOK Financial’s 2013 Form 10-K filed with the Securities and Exchange Commission, which contains audited financial statements. Amounts presented as of December 31, 2013 have been derived from the audited financial statements included in BOK Financial’s 2013 Form 10-K but does not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. Operating results for the six-month period ended June 30, 2014 are not necessarily indicative of the results that may be expected for the year ending December 31, 2014. | |
Newly Adopted and Pending Accounting Policies | |
Financial Accounting Standards Board (“FASB”) | |
FASB Accounting Standards Update No. 2013-08, Financial Services – Investment Companies (Topic 946): Amendments to the Scope, Measurement, and Disclosure Requirements (ASU 2013-08) | |
On June 7, 2013, the FASB issued ASU 2013-08 which amends the criteria an entity would need to meet to qualify as an investment company under ASC 946, Financial Services - Investment Companies. ASU 2013-08 also provides additional implementation guidance for the assessment and requires additional disclosures. ASU 2013-08 was effective prospectively during interim and annual periods beginning after December 15, 2013, with early adoption prohibited. The adoption of ASU 2013-08 did not have a material impact on the Company's consolidated financial statements. | |
FASB Accounting Standards Update No. 2014-01, Accounting for Investments in Qualified Affordable Housing Projects (ASU 2014-01) | |
On January 15, 2014, the FASB issued ASU 2014-01 to simplify the amortization method an entity uses and modify the criteria to elect a measurement and presentation alternative, including the simplified amortization method, for certain investments in qualified affordable housing projects. This alternative permits the entity to present the investment's performance net of the related tax benefits as part of income tax expense. ASU 2014-01 is effective for the Company for interim and annual periods beginning after December 15, 2014. Early adoption is permitted. Adoption of ASU 2014-01 may affect income statement presentation, but otherwise is not expected to have a material impact on the Company's consolidated financial statements. | |
FASB Accounting Standards Update No. 2014-04, Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans Upon Foreclosure | |
On January 17, 2014, the FASB issued ASU 2014-04 to clarify when an entity is considered to have obtained physical possession (from an in-substance possession or foreclosure) of a residential real estate property collateralizing a mortgage loan. Upon physical possession of such real property, an entity is required to reclassify the nonperforming mortgage loan to other real estate owned. ASU 2014-04 is effective for the Company for interim and annual periods beginning after December 15, 2014. Early adoption is permitted. Adoption of ASU 2014-04 is not expected to have a material impact on the Company's consolidated financial statements. |
Securities
Securities | 6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||||||||||||||||||||||||||||||||||
Marketable Securities [Abstract] | ' | ||||||||||||||||||||||||||||||||||||||||||||||||
Securities [Text Block] | ' | ||||||||||||||||||||||||||||||||||||||||||||||||
(2) Securities | |||||||||||||||||||||||||||||||||||||||||||||||||
Trading Securities | |||||||||||||||||||||||||||||||||||||||||||||||||
The fair value and net unrealized gain (loss) included in trading securities is as follows (in thousands): | |||||||||||||||||||||||||||||||||||||||||||||||||
June 30, 2014 | December 31, 2013 | June 30, 2013 | |||||||||||||||||||||||||||||||||||||||||||||||
Fair Value | Net Unrealized Gain (Loss) | Fair Value | Net Unrealized Gain (Loss) | Fair | Net Unrealized Gain (Loss) | ||||||||||||||||||||||||||||||||||||||||||||
Value | |||||||||||||||||||||||||||||||||||||||||||||||||
U.S. Government agency debentures | $ | 19,027 | $ | 6 | $ | 34,120 | $ | 77 | $ | 60,713 | $ | (552 | ) | ||||||||||||||||||||||||||||||||||||
U.S. agency residential mortgage-backed securities | 13,540 | 3 | 21,011 | 123 | 43,858 | 38 | |||||||||||||||||||||||||||||||||||||||||||
Municipal and other tax-exempt securities | 32,950 | 28 | 27,350 | (182 | ) | 53,819 | (1,271 | ) | |||||||||||||||||||||||||||||||||||||||||
Other trading securities | 35,580 | 20 | 9,135 | (7 | ) | 32,201 | (717 | ) | |||||||||||||||||||||||||||||||||||||||||
Total | $ | 101,097 | $ | 57 | $ | 91,616 | $ | 11 | $ | 190,591 | $ | (2,502 | ) | ||||||||||||||||||||||||||||||||||||
Investment Securities | |||||||||||||||||||||||||||||||||||||||||||||||||
The amortized cost and fair values of investment securities are as follows (in thousands): | |||||||||||||||||||||||||||||||||||||||||||||||||
June 30, 2014 | |||||||||||||||||||||||||||||||||||||||||||||||||
Amortized | Carrying | Fair | Gross Unrealized2 | ||||||||||||||||||||||||||||||||||||||||||||||
Cost | Value1 | Value | Gain | Loss | |||||||||||||||||||||||||||||||||||||||||||||
Municipal and other tax-exempt | $ | 425,221 | $ | 425,221 | $ | 429,051 | $ | 4,442 | $ | (612 | ) | ||||||||||||||||||||||||||||||||||||||
U.S. agency residential mortgage-backed securities – Other | 40,879 | 41,973 | 44,176 | 2,203 | — | ||||||||||||||||||||||||||||||||||||||||||||
Other debt securities | 182,743 | 182,743 | 197,584 | 14,914 | (73 | ) | |||||||||||||||||||||||||||||||||||||||||||
Total | $ | 648,843 | $ | 649,937 | $ | 670,811 | $ | 21,559 | $ | (685 | ) | ||||||||||||||||||||||||||||||||||||||
1 | Carrying value includes $1.1 million of net unrealized gain which remains in Accumulated other comprehensive income (“AOCI”) in the Consolidated Balance Sheets related to certain securities transferred from the Available for Sale securities portfolio to the Investment securities portfolio as discussed in greater detail following. | ||||||||||||||||||||||||||||||||||||||||||||||||
2 | Gross unrealized gains and losses are not recognized in AOCI in the Consolidated Balance Sheets. | ||||||||||||||||||||||||||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||||||||||||||||||||||||||
Amortized | Carrying | Fair | Gross Unrealized2 | ||||||||||||||||||||||||||||||||||||||||||||||
Cost | Value1 | Value | Gain | Loss | |||||||||||||||||||||||||||||||||||||||||||||
Municipal and other tax-exempt | $ | 440,187 | $ | 440,187 | $ | 439,870 | $ | 2,452 | $ | (2,769 | ) | ||||||||||||||||||||||||||||||||||||||
U.S. agency residential mortgage-backed securities – Other | 48,351 | 50,182 | 51,864 | 1,738 | (56 | ) | |||||||||||||||||||||||||||||||||||||||||||
Other debt securities | 187,509 | 187,509 | 195,393 | 8,497 | (613 | ) | |||||||||||||||||||||||||||||||||||||||||||
Total | $ | 676,047 | $ | 677,878 | $ | 687,127 | $ | 12,687 | $ | (3,438 | ) | ||||||||||||||||||||||||||||||||||||||
1 | Carrying value includes $1.8 million of net unrealized gain which remains in Accumulated other comprehensive income (“AOCI”) in the Consolidated Balance Sheets related to certain securities transferred from the Available for Sale securities portfolio to the Investment securities portfolio as discussed in greater detail following. | ||||||||||||||||||||||||||||||||||||||||||||||||
2 | Gross unrealized gains and losses are not recognized in AOCI in the Consolidated Balance Sheets. | ||||||||||||||||||||||||||||||||||||||||||||||||
June 30, 2013 | |||||||||||||||||||||||||||||||||||||||||||||||||
Amortized | Carrying | Fair | Gross Unrealized2 | ||||||||||||||||||||||||||||||||||||||||||||||
Cost | Value1 | Value | Gain | Loss | |||||||||||||||||||||||||||||||||||||||||||||
Municipal and other tax-exempt | $ | 375,317 | $ | 375,317 | $ | 371,690 | $ | 2,189 | $ | (5,816 | ) | ||||||||||||||||||||||||||||||||||||||
U.S. agency residential mortgage-backed securities – Other | 61,152 | 64,172 | 66,796 | 2,624 | — | ||||||||||||||||||||||||||||||||||||||||||||
Other debt securities | 176,301 | 176,301 | 187,219 | 10,978 | (60 | ) | |||||||||||||||||||||||||||||||||||||||||||
Total | $ | 612,770 | $ | 615,790 | $ | 625,705 | $ | 15,791 | $ | (5,876 | ) | ||||||||||||||||||||||||||||||||||||||
1 | Carrying value includes $3.0 million of net unrealized gain which remains in Accumulated other comprehensive income (“AOCI”) in the Consolidated Balance Sheets related to certain securities transferred from the Available for Sale securities portfolio to the Investment securities portfolio as discussed in greater detail following. | ||||||||||||||||||||||||||||||||||||||||||||||||
2 | Gross unrealized gains and losses are not recognized in AOCI in the Consolidated Balance Sheets. | ||||||||||||||||||||||||||||||||||||||||||||||||
During the three months ended September 30, 2011, the Company transferred certain U.S. government agency residential mortgage-backed securities from the available for sale portfolio to the investment securities (held-to-maturity) portfolio as the Company has the positive intent and ability to hold these securities to maturity. No gains or losses were recognized in the Consolidated Statement of Earnings at the time of the transfer. Transfers of debt securities into the investment securities portfolio (held-to-maturity) are made at fair value at the date of transfer. The unrealized holding gain or loss at the date of transfer is retained in accumulated other comprehensive income and in the carrying value of the investment securities portfolio. Such amounts are amortized over the estimated remaining life of the security as an adjustment to yield, offsetting the related amortization of the premium or accretion of the discount on the transferred securities. At the time of transfer, the fair value totaled $131 million, amortized cost totaled $118 million and the pretax unrealized gain totaled $13 million. | |||||||||||||||||||||||||||||||||||||||||||||||||
The amortized cost and fair values of investment securities at June 30, 2014, by contractual maturity, are as shown in the following table (dollars in thousands): | |||||||||||||||||||||||||||||||||||||||||||||||||
Less than | One to | Six to | Over | Total | Weighted | ||||||||||||||||||||||||||||||||||||||||||||
One Year | Five Years | Ten Years | Ten Years | Average | |||||||||||||||||||||||||||||||||||||||||||||
Maturity² | |||||||||||||||||||||||||||||||||||||||||||||||||
Municipal and other tax-exempt: | |||||||||||||||||||||||||||||||||||||||||||||||||
Carrying value | $ | 36,962 | $ | 296,908 | $ | 52,328 | $ | 39,023 | $ | 425,221 | 4.14 | ||||||||||||||||||||||||||||||||||||||
Fair value | 37,136 | 298,655 | 52,567 | 40,693 | 429,051 | ||||||||||||||||||||||||||||||||||||||||||||
Nominal yield¹ | 1.99 | % | 1.7 | % | 2.64 | % | 5.35 | % | 2.18 | % | |||||||||||||||||||||||||||||||||||||||
Other debt securities: | |||||||||||||||||||||||||||||||||||||||||||||||||
Carrying value | 12,853 | 32,853 | 47,576 | 89,461 | 182,743 | 8.32 | |||||||||||||||||||||||||||||||||||||||||||
Fair value | 12,909 | 33,627 | 50,213 | 100,835 | 197,584 | ||||||||||||||||||||||||||||||||||||||||||||
Nominal yield | 3.54 | % | 4.78 | % | 5.37 | % | 6.32 | % | 5.6 | % | |||||||||||||||||||||||||||||||||||||||
Total fixed maturity securities: | |||||||||||||||||||||||||||||||||||||||||||||||||
Carrying value | $ | 49,815 | $ | 329,761 | $ | 99,904 | $ | 128,484 | $ | 607,964 | 5.39 | ||||||||||||||||||||||||||||||||||||||
Fair value | 50,045 | 332,282 | 102,780 | 141,528 | 626,635 | ||||||||||||||||||||||||||||||||||||||||||||
Nominal yield | 2.39 | % | 2.01 | % | 3.94 | % | 6.02 | % | 3.2 | % | |||||||||||||||||||||||||||||||||||||||
Residential mortgage-backed securities: | |||||||||||||||||||||||||||||||||||||||||||||||||
Carrying value | $ | 41,973 | ³ | ||||||||||||||||||||||||||||||||||||||||||||||
Fair value | 44,176 | ||||||||||||||||||||||||||||||||||||||||||||||||
Nominal yield4 | 2.74 | % | |||||||||||||||||||||||||||||||||||||||||||||||
Total investment securities: | |||||||||||||||||||||||||||||||||||||||||||||||||
Carrying value | $ | 649,937 | |||||||||||||||||||||||||||||||||||||||||||||||
Fair value | 670,811 | ||||||||||||||||||||||||||||||||||||||||||||||||
Nominal yield | 3.17 | % | |||||||||||||||||||||||||||||||||||||||||||||||
1 | Calculated on a taxable equivalent basis using a 39% effective tax rate. | ||||||||||||||||||||||||||||||||||||||||||||||||
2 | Expected maturities may differ from contractual maturities, because borrowers may have the right to call or prepay obligations with or without penalty. | ||||||||||||||||||||||||||||||||||||||||||||||||
3 | The average expected lives of residential mortgage-backed securities were 2.9 years based upon current prepayment assumptions. | ||||||||||||||||||||||||||||||||||||||||||||||||
4 | The nominal yield on residential mortgage-backed securities is based upon prepayment assumptions at the purchase date. Actual yields earned may differ significantly based upon actual prepayments. See Quarterly Financial Summary - Unaudited for current yields on the investment securities portfolio. | ||||||||||||||||||||||||||||||||||||||||||||||||
Available for Sale Securities | |||||||||||||||||||||||||||||||||||||||||||||||||
The amortized cost and fair value of available for sale securities are as follows (in thousands): | |||||||||||||||||||||||||||||||||||||||||||||||||
June 30, 2014 | |||||||||||||||||||||||||||||||||||||||||||||||||
Amortized | Fair | Gross Unrealized1 | |||||||||||||||||||||||||||||||||||||||||||||||
Cost | Value | Gain | Loss | OTTI² | |||||||||||||||||||||||||||||||||||||||||||||
U.S. Treasury | $ | 1,023 | $ | 1,024 | $ | 1 | $ | — | $ | — | |||||||||||||||||||||||||||||||||||||||
Municipal and other tax-exempt | 63,931 | 64,970 | 1,624 | (585 | ) | — | |||||||||||||||||||||||||||||||||||||||||||
Residential mortgage-backed securities: | |||||||||||||||||||||||||||||||||||||||||||||||||
U. S. government agencies: | |||||||||||||||||||||||||||||||||||||||||||||||||
FNMA | 4,297,579 | 4,364,168 | 82,436 | (15,847 | ) | — | |||||||||||||||||||||||||||||||||||||||||||
FHLMC | 2,055,924 | 2,068,940 | 27,019 | (14,003 | ) | — | |||||||||||||||||||||||||||||||||||||||||||
GNMA | 815,201 | 820,454 | 8,850 | (3,597 | ) | — | |||||||||||||||||||||||||||||||||||||||||||
Other | 5,489 | 5,942 | 453 | — | — | ||||||||||||||||||||||||||||||||||||||||||||
Total U.S. government agencies | 7,174,193 | 7,259,504 | 118,758 | (33,447 | ) | — | |||||||||||||||||||||||||||||||||||||||||||
Private issue: | |||||||||||||||||||||||||||||||||||||||||||||||||
Alt-A loans | 70,880 | 75,700 | 4,820 | — | — | ||||||||||||||||||||||||||||||||||||||||||||
Jumbo-A loans | 97,939 | 103,342 | 5,889 | — | (486 | ) | |||||||||||||||||||||||||||||||||||||||||||
Total private issue | 168,819 | 179,042 | 10,709 | — | (486 | ) | |||||||||||||||||||||||||||||||||||||||||||
Total residential mortgage-backed securities | 7,343,012 | 7,438,546 | 129,467 | (33,447 | ) | (486 | ) | ||||||||||||||||||||||||||||||||||||||||||
Commercial mortgage-backed securities guaranteed by U.S. government agencies | 2,129,521 | 2,115,295 | 5,539 | (19,765 | ) | — | |||||||||||||||||||||||||||||||||||||||||||
Other debt securities | 34,501 | 34,528 | 195 | (168 | ) | — | |||||||||||||||||||||||||||||||||||||||||||
Perpetual preferred stock | 22,171 | 24,730 | 2,559 | — | — | ||||||||||||||||||||||||||||||||||||||||||||
Equity securities and mutual funds | 19,507 | 20,053 | 780 | (234 | ) | — | |||||||||||||||||||||||||||||||||||||||||||
Total | $ | 9,613,666 | $ | 9,699,146 | $ | 140,165 | $ | (54,199 | ) | $ | (486 | ) | |||||||||||||||||||||||||||||||||||||
1 Gross unrealized gain/loss recognized in AOCI in the consolidated balance sheet. | |||||||||||||||||||||||||||||||||||||||||||||||||
2 Amounts represent unrealized loss that remains in AOCI after an other-than-temporary credit loss has been recognized in income. | |||||||||||||||||||||||||||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||||||||||||||||||||||||||
Amortized | Fair | Gross Unrealized¹ | |||||||||||||||||||||||||||||||||||||||||||||||
Cost | Value | Gain | Loss | OTTI² | |||||||||||||||||||||||||||||||||||||||||||||
U.S. Treasury | $ | 1,042 | $ | 1,042 | $ | — | $ | — | $ | — | |||||||||||||||||||||||||||||||||||||||
Municipal and other tax-exempt | 73,232 | 73,775 | 1,606 | (1,063 | ) | — | |||||||||||||||||||||||||||||||||||||||||||
Residential mortgage-backed securities: | |||||||||||||||||||||||||||||||||||||||||||||||||
U. S. government agencies: | |||||||||||||||||||||||||||||||||||||||||||||||||
FNMA | 4,224,327 | 4,232,332 | 68,154 | (60,149 | ) | — | |||||||||||||||||||||||||||||||||||||||||||
FHLMC | 2,308,341 | 2,293,943 | 25,813 | (40,211 | ) | — | |||||||||||||||||||||||||||||||||||||||||||
GNMA | 1,151,225 | 1,152,128 | 9,435 | (8,532 | ) | — | |||||||||||||||||||||||||||||||||||||||||||
Other | 36,296 | 37,607 | 1,311 | — | — | ||||||||||||||||||||||||||||||||||||||||||||
Total U.S. government agencies | 7,720,189 | 7,716,010 | 104,713 | (108,892 | ) | — | |||||||||||||||||||||||||||||||||||||||||||
Private issue: | |||||||||||||||||||||||||||||||||||||||||||||||||
Alt-A loans | 104,559 | 107,212 | 4,386 | — | (1,733 | ) | |||||||||||||||||||||||||||||||||||||||||||
Jumbo-A loans | 109,622 | 113,887 | 4,974 | — | (709 | ) | |||||||||||||||||||||||||||||||||||||||||||
Total private issue | 214,181 | 221,099 | 9,360 | — | (2,442 | ) | |||||||||||||||||||||||||||||||||||||||||||
Total residential mortgage-backed securities | 7,934,370 | 7,937,109 | 114,073 | (108,892 | ) | (2,442 | ) | ||||||||||||||||||||||||||||||||||||||||||
Commercial mortgage-backed securities guaranteed by U.S. government agencies | 2,100,146 | 2,055,804 | 1,042 | (45,384 | ) | — | |||||||||||||||||||||||||||||||||||||||||||
Other debt securities | 35,061 | 35,241 | 368 | (188 | ) | — | |||||||||||||||||||||||||||||||||||||||||||
Perpetual preferred stock | 22,171 | 22,863 | 705 | (13 | ) | — | |||||||||||||||||||||||||||||||||||||||||||
Equity securities and mutual funds | 19,069 | 21,328 | 2,326 | (67 | ) | — | |||||||||||||||||||||||||||||||||||||||||||
Total | $ | 10,185,091 | $ | 10,147,162 | $ | 120,120 | $ | (155,607 | ) | $ | (2,442 | ) | |||||||||||||||||||||||||||||||||||||
1 Gross unrealized gain/loss recognized in AOCI in the consolidated balance sheet. | |||||||||||||||||||||||||||||||||||||||||||||||||
2 Amounts represent unrealized loss that remains in AOCI after an other-than-temporary credit loss has been recognized in income. | |||||||||||||||||||||||||||||||||||||||||||||||||
June 30, 2013 | |||||||||||||||||||||||||||||||||||||||||||||||||
Amortized | Fair | Gross Unrealized1 | |||||||||||||||||||||||||||||||||||||||||||||||
Cost | Value | Gain | Loss | OTTI² | |||||||||||||||||||||||||||||||||||||||||||||
U.S. Treasury | $ | 1,061 | $ | 1,060 | $ | — | $ | (1 | ) | $ | — | ||||||||||||||||||||||||||||||||||||||
Municipal and other tax-exempt | 95,974 | 95,103 | 1,653 | (1,870 | ) | (654 | ) | ||||||||||||||||||||||||||||||||||||||||||
Residential mortgage-backed securities: | |||||||||||||||||||||||||||||||||||||||||||||||||
U. S. government agencies: | |||||||||||||||||||||||||||||||||||||||||||||||||
FNMA | 4,648,337 | 4,687,141 | 78,285 | (39,481 | ) | — | |||||||||||||||||||||||||||||||||||||||||||
FHLMC | 2,695,506 | 2,715,896 | 32,994 | (12,604 | ) | — | |||||||||||||||||||||||||||||||||||||||||||
GNMA | 916,646 | 925,081 | 11,163 | (2,728 | ) | — | |||||||||||||||||||||||||||||||||||||||||||
Other | 42,563 | 44,677 | 2,114 | — | — | ||||||||||||||||||||||||||||||||||||||||||||
Total U.S. government agencies | 8,303,052 | 8,372,795 | 124,556 | (54,813 | ) | — | |||||||||||||||||||||||||||||||||||||||||||
Private issue: | |||||||||||||||||||||||||||||||||||||||||||||||||
Alt-A loans | 113,804 | 115,036 | 2,905 | — | (1,673 | ) | |||||||||||||||||||||||||||||||||||||||||||
Jumbo-A loans | 178,581 | 182,139 | 4,129 | (274 | ) | (297 | ) | ||||||||||||||||||||||||||||||||||||||||||
Total private issue | 292,385 | 297,175 | 7,034 | (274 | ) | (1,970 | ) | ||||||||||||||||||||||||||||||||||||||||||
Total residential mortgage-backed securities | 8,595,437 | 8,669,970 | 131,590 | (55,087 | ) | (1,970 | ) | ||||||||||||||||||||||||||||||||||||||||||
Commercial mortgage-backed securities guaranteed by U.S. government agencies | 1,885,585 | 1,846,943 | 343 | (38,985 | ) | — | |||||||||||||||||||||||||||||||||||||||||||
Other debt securities | 35,622 | 35,894 | 479 | (207 | ) | — | |||||||||||||||||||||||||||||||||||||||||||
Perpetual preferred stock | 22,172 | 25,583 | 3,439 | (28 | ) | — | |||||||||||||||||||||||||||||||||||||||||||
Equity securities and mutual funds | 19,990 | 23,521 | 3,736 | (205 | ) | — | |||||||||||||||||||||||||||||||||||||||||||
Total | $ | 10,655,841 | $ | 10,698,074 | $ | 141,240 | $ | (96,383 | ) | $ | (2,624 | ) | |||||||||||||||||||||||||||||||||||||
1 | Gross unrealized gain/loss recognized in AOCI in the consolidated balance sheet | ||||||||||||||||||||||||||||||||||||||||||||||||
2 | Amounts represent unrealized loss that remains in AOCI after an other-than-temporary credit loss has been recognized in income. | ||||||||||||||||||||||||||||||||||||||||||||||||
The amortized cost and fair values of available for sale securities at June 30, 2014, by contractual maturity, are as shown in the following table (dollars in thousands): | |||||||||||||||||||||||||||||||||||||||||||||||||
Less than | One to | Six to | Over | Total | Weighted | ||||||||||||||||||||||||||||||||||||||||||||
One Year | Five Years | Ten Years | Ten Years | Average | |||||||||||||||||||||||||||||||||||||||||||||
Maturity5 | |||||||||||||||||||||||||||||||||||||||||||||||||
U.S. Treasuries: | |||||||||||||||||||||||||||||||||||||||||||||||||
Amortized cost | $ | 1,023 | $ | — | $ | — | $ | — | $ | 1,023 | 0.63 | ||||||||||||||||||||||||||||||||||||||
Fair value | 1,024 | — | — | — | 1,024 | ||||||||||||||||||||||||||||||||||||||||||||
Nominal yield | 0.24 | % | — | % | — | % | — | % | 0.24 | % | |||||||||||||||||||||||||||||||||||||||
Municipal and other tax-exempt: | |||||||||||||||||||||||||||||||||||||||||||||||||
Amortized cost | $ | 3,404 | $ | 33,797 | $ | 2,778 | $ | 23,952 | $ | 63,931 | 8.67 | ||||||||||||||||||||||||||||||||||||||
Fair value | 3,432 | 35,004 | 3,032 | 23,502 | 64,970 | ||||||||||||||||||||||||||||||||||||||||||||
Nominal yield¹ | 3.96 | % | 4 | % | 6.25 | % | 1.92 | % | 6 | 3.32 | % | ||||||||||||||||||||||||||||||||||||||
Commercial mortgage-backed securities: | |||||||||||||||||||||||||||||||||||||||||||||||||
Amortized cost | $ | — | $ | 626,496 | $ | 1,156,265 | $ | 346,760 | $ | 2,129,521 | 8.84 | ||||||||||||||||||||||||||||||||||||||
Fair value | — | 624,969 | 1,146,932 | 343,394 | 2,115,295 | ||||||||||||||||||||||||||||||||||||||||||||
Nominal yield | — | % | 1.3 | % | 1.63 | % | 1.27 | % | 1.47 | % | |||||||||||||||||||||||||||||||||||||||
Other debt securities: | |||||||||||||||||||||||||||||||||||||||||||||||||
Amortized cost | $ | 30,101 | $ | — | $ | — | $ | 4,400 | $ | 34,501 | 4.64 | ||||||||||||||||||||||||||||||||||||||
Fair value | 30,297 | — | — | 4,231 | 34,528 | ||||||||||||||||||||||||||||||||||||||||||||
Nominal yield | 1.8 | % | — | % | — | % | 1.71 | % | 6 | 1.79 | % | ||||||||||||||||||||||||||||||||||||||
Total fixed maturity securities: | |||||||||||||||||||||||||||||||||||||||||||||||||
Amortized cost | $ | 34,528 | $ | 660,293 | $ | 1,159,043 | $ | 375,112 | $ | 2,228,976 | 8.77 | ||||||||||||||||||||||||||||||||||||||
Fair value | 34,753 | 659,973 | 1,149,964 | 371,127 | 2,215,817 | ||||||||||||||||||||||||||||||||||||||||||||
Nominal yield | 1.97 | % | 1.44 | % | 1.64 | % | 1.32 | % | 1.53 | % | |||||||||||||||||||||||||||||||||||||||
Residential mortgage-backed securities: | |||||||||||||||||||||||||||||||||||||||||||||||||
Amortized cost | $ | 7,343,012 | 2 | ||||||||||||||||||||||||||||||||||||||||||||||
Fair value | 7,438,546 | ||||||||||||||||||||||||||||||||||||||||||||||||
Nominal yield4 | 1.87 | % | |||||||||||||||||||||||||||||||||||||||||||||||
Equity securities and mutual funds: | |||||||||||||||||||||||||||||||||||||||||||||||||
Amortized cost | $ | 41,678 | ³ | ||||||||||||||||||||||||||||||||||||||||||||||
Fair value | 44,783 | ||||||||||||||||||||||||||||||||||||||||||||||||
Nominal yield | 1.26 | % | |||||||||||||||||||||||||||||||||||||||||||||||
Total available-for-sale securities: | |||||||||||||||||||||||||||||||||||||||||||||||||
Amortized cost | $ | 9,613,666 | |||||||||||||||||||||||||||||||||||||||||||||||
Fair value | 9,699,146 | ||||||||||||||||||||||||||||||||||||||||||||||||
Nominal yield | 1.79 | % | |||||||||||||||||||||||||||||||||||||||||||||||
1 | Calculated on a taxable equivalent basis using a 39% effective tax rate. | ||||||||||||||||||||||||||||||||||||||||||||||||
2 | The average expected lives of mortgage-backed securities were 3.5 years based upon current prepayment assumptions. | ||||||||||||||||||||||||||||||||||||||||||||||||
3 | Primarily common stock and preferred stock of corporate issuers with no stated maturity. | ||||||||||||||||||||||||||||||||||||||||||||||||
4 | The nominal yield on mortgage-backed securities is based upon prepayment assumptions at the purchase date. Actual yields earned may differ significantly based upon actual prepayments. See Quarterly Financial Summary –– Unaudited following for current yields on available for sale securities portfolio. | ||||||||||||||||||||||||||||||||||||||||||||||||
5 | Expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without penalty. | ||||||||||||||||||||||||||||||||||||||||||||||||
6 | Nominal yield on municipal and other tax-exempt securities and other debt securities with contractual maturity dates over ten years are based on variable rates which generally are reset within 35 days. | ||||||||||||||||||||||||||||||||||||||||||||||||
Sales of available for sale securities resulted in gains and losses as follows (in thousands): | |||||||||||||||||||||||||||||||||||||||||||||||||
Three Months Ended | Six Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||
June 30, | June 30, | ||||||||||||||||||||||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||||||||||||||||||||||||||||
Proceeds | $ | 800,405 | $ | 1,083,001 | $ | 1,331,190 | $ | 1,784,881 | |||||||||||||||||||||||||||||||||||||||||
Gross realized gains | 9,894 | 9,992 | 16,327 | 15,784 | |||||||||||||||||||||||||||||||||||||||||||||
Gross realized losses | (9,890 | ) | (6,239 | ) | (15,083 | ) | (7,176 | ) | |||||||||||||||||||||||||||||||||||||||||
Related federal and state income tax expense | 2 | 1,460 | 484 | 3,349 | |||||||||||||||||||||||||||||||||||||||||||||
A summary of investment and available for sale securities that have been pledged as collateral for repurchase agreements, public trust funds on deposit and for other purposes, as required by law was as follows (in thousands): | |||||||||||||||||||||||||||||||||||||||||||||||||
June 30, | December 31, | June 30, | |||||||||||||||||||||||||||||||||||||||||||||||
2014 | 2013 | 2013 | |||||||||||||||||||||||||||||||||||||||||||||||
Investment: | |||||||||||||||||||||||||||||||||||||||||||||||||
Carrying value | $ | 77,835 | $ | 89,087 | $ | 97,286 | |||||||||||||||||||||||||||||||||||||||||||
Fair value | 81,248 | 91,804 | 100,644 | ||||||||||||||||||||||||||||||||||||||||||||||
Available for sale: | |||||||||||||||||||||||||||||||||||||||||||||||||
Amortized cost | 5,556,130 | 5,171,782 | 5,078,098 | ||||||||||||||||||||||||||||||||||||||||||||||
Fair value | 5,583,008 | 5,133,530 | 5,103,507 | ||||||||||||||||||||||||||||||||||||||||||||||
The secured parties do not have the right to sell or re-pledge these securities. In addition, securities may be pledged as collateral on a line of credit for the trading activities of BOSC, Inc. Under the terms of the credit agreement, the creditor has the right to sell or repledge the collateral. There were no securities pledged under this line of credit at June 30, 2014, March 31, 2014 or June 30, 2013. | |||||||||||||||||||||||||||||||||||||||||||||||||
Temporarily Impaired Securities as of June 30, 2014 | |||||||||||||||||||||||||||||||||||||||||||||||||
(in thousands): | |||||||||||||||||||||||||||||||||||||||||||||||||
Number of Securities | Less Than 12 Months | 12 Months or Longer | Total | ||||||||||||||||||||||||||||||||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | ||||||||||||||||||||||||||||||||||||||||||||
Value | Loss | Value | Loss | Value | Loss | ||||||||||||||||||||||||||||||||||||||||||||
Investment: | |||||||||||||||||||||||||||||||||||||||||||||||||
Municipal and other tax-exempt | 42 | $ | — | $ | — | $ | 104,959 | $ | 612 | $ | 104,959 | $ | 612 | ||||||||||||||||||||||||||||||||||||
U.S. Agency residential mortgage-backed securities – Other | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||
Other debt securities | 30 | 3,593 | 40 | 808 | 33 | 4,401 | 73 | ||||||||||||||||||||||||||||||||||||||||||
Total investment | 72 | $ | 3,593 | $ | 40 | $ | 105,767 | $ | 645 | $ | 109,360 | $ | 685 | ||||||||||||||||||||||||||||||||||||
Number of Securities | Less Than 12 Months | 12 Months or Longer | Total | ||||||||||||||||||||||||||||||||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | ||||||||||||||||||||||||||||||||||||||||||||
Value | Loss | Value | Loss | Value | Loss | ||||||||||||||||||||||||||||||||||||||||||||
Available for sale: | |||||||||||||||||||||||||||||||||||||||||||||||||
Municipal and other tax-exempt | 23 | $ | 571 | $ | — | $ | 22,270 | $ | 585 | $ | 22,841 | $ | 585 | ||||||||||||||||||||||||||||||||||||
Residential mortgage-backed securities: | |||||||||||||||||||||||||||||||||||||||||||||||||
U. S. agencies: | |||||||||||||||||||||||||||||||||||||||||||||||||
FNMA | 33 | — | — | 890,711 | 15,847 | 890,711 | 15,847 | ||||||||||||||||||||||||||||||||||||||||||
FHLMC | 37 | 255,401 | 951 | 712,951 | 13,052 | 968,352 | 14,003 | ||||||||||||||||||||||||||||||||||||||||||
GNMA | 7 | 77,869 | 6 | 153,596 | 3,591 | 231,465 | 3,597 | ||||||||||||||||||||||||||||||||||||||||||
Total U.S. agencies | 77 | 333,270 | 957 | 1,757,258 | 32,490 | 2,090,528 | 33,447 | ||||||||||||||||||||||||||||||||||||||||||
Private issue1: | |||||||||||||||||||||||||||||||||||||||||||||||||
Alt-A loans | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||
Jumbo-A loans | 11 | 19,976 | 486 | — | — | 19,976 | 486 | ||||||||||||||||||||||||||||||||||||||||||
Total private issue | 11 | 19,976 | 486 | — | — | 19,976 | 486 | ||||||||||||||||||||||||||||||||||||||||||
Total residential mortgage-backed securities | 88 | 353,246 | 1,443 | 1,757,258 | 32,490 | 2,110,504 | 33,933 | ||||||||||||||||||||||||||||||||||||||||||
Commercial mortgage-backed securities guaranteed by U.S. government agencies | 96 | 114,048 | 488 | 1,242,462 | 19,277 | 1,356,510 | 19,765 | ||||||||||||||||||||||||||||||||||||||||||
Other debt securities | 2 | — | — | 4,231 | 168 | 4,231 | 168 | ||||||||||||||||||||||||||||||||||||||||||
Perpetual preferred stocks | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||
Equity securities and mutual funds | 80 | 5,298 | 195 | 1,306 | 39 | 6,604 | 234 | ||||||||||||||||||||||||||||||||||||||||||
Total available for sale | 289 | $ | 473,163 | $ | 2,126 | $ | 3,027,527 | $ | 52,559 | $ | 3,500,690 | $ | 54,685 | ||||||||||||||||||||||||||||||||||||
1Includes the following securities for which an unrealized loss remains in AOCI after an other-than-temporary credit loss has been recognized in income: | |||||||||||||||||||||||||||||||||||||||||||||||||
Alt-A loans | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||
Jumbo-A loans | 11 | 19,976 | 486 | — | — | 19,976 | 486 | ||||||||||||||||||||||||||||||||||||||||||
Temporarily Impaired Securities as of December 31, 2013 | |||||||||||||||||||||||||||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||||||||||||||||||||||
Number of Securities | Less Than 12 Months | 12 Months or Longer | Total | ||||||||||||||||||||||||||||||||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | ||||||||||||||||||||||||||||||||||||||||||||
Value | Loss | Value | Loss | Value | Loss | ||||||||||||||||||||||||||||||||||||||||||||
Investment: | |||||||||||||||||||||||||||||||||||||||||||||||||
Municipal and other tax-exempt | 107 | $ | 166,382 | $ | 1,921 | $ | 53,073 | $ | 848 | $ | 219,455 | $ | 2,769 | ||||||||||||||||||||||||||||||||||||
U.S. Agency residential mortgage-backed securities – Other | 2 | 15,224 | 56 | — | — | 15,224 | 56 | ||||||||||||||||||||||||||||||||||||||||||
Other debt securities | 30 | 10,932 | 549 | 777 | 64 | 11,709 | 613 | ||||||||||||||||||||||||||||||||||||||||||
Total investment | 139 | $ | 192,538 | $ | 2,526 | $ | 53,850 | $ | 912 | $ | 246,388 | $ | 3,438 | ||||||||||||||||||||||||||||||||||||
Number of Securities | Less Than 12 Months | 12 Months or Longer | Total | ||||||||||||||||||||||||||||||||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | ||||||||||||||||||||||||||||||||||||||||||||
Value | Loss | Value | Loss | Value | Loss | ||||||||||||||||||||||||||||||||||||||||||||
Available for sale: | |||||||||||||||||||||||||||||||||||||||||||||||||
Municipal and other tax-exempt | 27 | $ | 13,286 | $ | 245 | $ | 17,805 | $ | 818 | $ | 31,091 | $ | 1,063 | ||||||||||||||||||||||||||||||||||||
Residential mortgage-backed securities: | |||||||||||||||||||||||||||||||||||||||||||||||||
U. S. agencies: | |||||||||||||||||||||||||||||||||||||||||||||||||
FNMA | 81 | 2,281,491 | 60,149 | — | — | 2,281,491 | 60,149 | ||||||||||||||||||||||||||||||||||||||||||
FHLMC | 50 | 1,450,588 | 40,211 | — | — | 1,450,588 | 40,211 | ||||||||||||||||||||||||||||||||||||||||||
GNMA | 27 | 647,058 | 8,532 | — | — | 647,058 | 8,532 | ||||||||||||||||||||||||||||||||||||||||||
Total U.S. agencies | 158 | 4,379,137 | 108,892 | — | — | 4,379,137 | 108,892 | ||||||||||||||||||||||||||||||||||||||||||
Private issue1: | |||||||||||||||||||||||||||||||||||||||||||||||||
Alt-A loans | 7 | 11,043 | 756 | 30,774 | 977 | 41,817 | 1,733 | ||||||||||||||||||||||||||||||||||||||||||
Jumbo-A loans | 9 | 14,642 | 709 | — | — | 14,642 | 709 | ||||||||||||||||||||||||||||||||||||||||||
Total private issue | 16 | 25,685 | 1,465 | 30,774 | 977 | 56,459 | 2,442 | ||||||||||||||||||||||||||||||||||||||||||
Total residential mortgage-backed securities | 174 | 4,404,822 | 110,357 | 30,774 | 977 | 4,435,596 | 111,334 | ||||||||||||||||||||||||||||||||||||||||||
Commercial mortgage-backed securities guaranteed by U.S. government agencies | 123 | 1,800,717 | 45,302 | 2,286 | 82 | 1,803,003 | 45,384 | ||||||||||||||||||||||||||||||||||||||||||
Other debt securities | 3 | 4,712 | 188 | — | — | 4,712 | 188 | ||||||||||||||||||||||||||||||||||||||||||
Perpetual preferred stocks | 1 | 4,988 | 13 | — | — | 4,988 | 13 | ||||||||||||||||||||||||||||||||||||||||||
Equity securities and mutual funds | 118 | 2,070 | 67 | — | — | 2,070 | 67 | ||||||||||||||||||||||||||||||||||||||||||
Total available for sale | 446 | $ | 6,230,595 | $ | 156,172 | $ | 50,865 | $ | 1,877 | $ | 6,281,460 | $ | 158,049 | ||||||||||||||||||||||||||||||||||||
1 | Includes the following securities for which an unrealized loss remains in AOCI after an other-than-temporary credit loss has been recognized in income: | ||||||||||||||||||||||||||||||||||||||||||||||||
Alt-A loans | 7 | $ | 11,043 | $ | 756 | $ | 30,774 | $ | 977 | $ | 41,817 | $ | 1,733 | ||||||||||||||||||||||||||||||||||||
Jumbo-A loans | 9 | 14,642 | 709 | — | — | 14,642 | 709 | ||||||||||||||||||||||||||||||||||||||||||
Temporarily Impaired Securities as of June 30, 2013 | |||||||||||||||||||||||||||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||||||||||||||||||||||
Number of Securities | Less Than 12 Months | 12 Months or Longer | Total | ||||||||||||||||||||||||||||||||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | ||||||||||||||||||||||||||||||||||||||||||||
Value | Loss | Value | Loss | Value | Loss | ||||||||||||||||||||||||||||||||||||||||||||
Investment: | |||||||||||||||||||||||||||||||||||||||||||||||||
Municipal and other tax-exempt | 149 | $ | 271,897 | $ | 5,816 | $ | — | $ | — | $ | 271,897 | $ | 5,816 | ||||||||||||||||||||||||||||||||||||
U.S. Agency residential mortgage-backed securities – Other | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||
Other debt securities | 14 | 841 | 60 | — | — | 841 | 60 | ||||||||||||||||||||||||||||||||||||||||||
Total investment | 163 | $ | 272,738 | $ | 5,876 | $ | — | $ | — | $ | 272,738 | $ | 5,876 | ||||||||||||||||||||||||||||||||||||
Number of Securities | Less Than 12 Months | 12 Months or Longer | Total | ||||||||||||||||||||||||||||||||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | ||||||||||||||||||||||||||||||||||||||||||||
Value | Loss | Value | Loss | Value | Loss | ||||||||||||||||||||||||||||||||||||||||||||
Available for sale: | |||||||||||||||||||||||||||||||||||||||||||||||||
U.S. Treasury | 1 | $ | 1,060 | $ | 1 | $ | — | $ | — | $ | 1,060 | $ | 1 | ||||||||||||||||||||||||||||||||||||
Municipal and other tax-exempt1 | 86 | $ | 66,168 | $ | 2,524 | $ | — | $ | — | $ | 66,168 | $ | 2,524 | ||||||||||||||||||||||||||||||||||||
Residential mortgage-backed securities: | |||||||||||||||||||||||||||||||||||||||||||||||||
U. S. agencies: | |||||||||||||||||||||||||||||||||||||||||||||||||
FNMA | 72 | 2,196,603 | 39,481 | — | — | 2,196,603 | 39,481 | ||||||||||||||||||||||||||||||||||||||||||
FHLMC | 38 | 1,202,545 | 12,604 | — | — | 1,202,545 | 12,604 | ||||||||||||||||||||||||||||||||||||||||||
GNMA | 13 | 197,149 | 2,728 | — | — | 197,149 | 2,728 | ||||||||||||||||||||||||||||||||||||||||||
Total U.S. agencies | 123 | 3,596,297 | 54,813 | — | — | 3,596,297 | 54,813 | ||||||||||||||||||||||||||||||||||||||||||
Private issue1: | |||||||||||||||||||||||||||||||||||||||||||||||||
Alt-A loans | 10 | 51,681 | 1,236 | 3,379 | 437 | 55,060 | 1,673 | ||||||||||||||||||||||||||||||||||||||||||
Jumbo-A loans | 2 | 17,615 | 296 | 12,298 | 275 | 29,913 | 571 | ||||||||||||||||||||||||||||||||||||||||||
Total private issue | 12 | 69,296 | 1,532 | 15,677 | 712 | 84,973 | 2,244 | ||||||||||||||||||||||||||||||||||||||||||
Total residential mortgage-backed securities | 135 | 3,665,593 | 56,345 | 15,677 | 712 | 3,681,270 | 57,057 | ||||||||||||||||||||||||||||||||||||||||||
Commercial mortgage-backed securities guaranteed by U.S. government agencies | 113 | 1,730,306 | 38,985 | — | — | 1,730,306 | 38,985 | ||||||||||||||||||||||||||||||||||||||||||
Other debt securities | 4 | 5,193 | 207 | — | — | 5,193 | 207 | ||||||||||||||||||||||||||||||||||||||||||
Perpetual preferred stocks | 1 | 4,973 | 28 | — | — | 4,973 | 28 | ||||||||||||||||||||||||||||||||||||||||||
Equity securities and mutual funds | 7 | 3,558 | 205 | — | — | 3,558 | 205 | ||||||||||||||||||||||||||||||||||||||||||
Total available for sale | 347 | $ | 5,476,851 | $ | 98,295 | $ | 15,677 | $ | 712 | $ | 5,492,528 | $ | 99,007 | ||||||||||||||||||||||||||||||||||||
1 | Includes the following securities for which an unrealized loss remains in AOCI after an other-than-temporary credit loss has been recognized in income: | ||||||||||||||||||||||||||||||||||||||||||||||||
Municipal and other tax-exempt | 21 | $ | 11,731 | $ | 654 | $ | — | $ | — | $ | 11,731 | $ | 654 | ||||||||||||||||||||||||||||||||||||
Alt-A loans | 10 | 51,681 | 1,236 | 3,379 | 437 | 55,060 | 1,673 | ||||||||||||||||||||||||||||||||||||||||||
Jumbo-A loans | 2 | 17,615 | 296 | — | — | 17,615 | 296 | ||||||||||||||||||||||||||||||||||||||||||
On a quarterly basis, the Company performs separate evaluations of impaired debt and equity investments and available for sale securities to determine if the unrealized losses are temporary. | |||||||||||||||||||||||||||||||||||||||||||||||||
For debt securities, management determines whether it intends to sell or if it is more-likely-than-not that it will be required to sell impaired securities. This determination considers current and forecasted liquidity requirements, regulatory and capital requirements and securities portfolio management. Based on this evaluation as of June 30, 2014, the Company does not intend to sell any impaired available for sale securities before fair value recovers to the current amortized cost and it is more-likely-than-not that the Company will not be required to sell impaired securities before fair value recovers, which may be maturity. | |||||||||||||||||||||||||||||||||||||||||||||||||
Impairment of debt securities rated investment grade by all nationally-recognized rating agencies is considered temporary unless specific contrary information is identified. None of the debt securities rated investment grade were considered to be other-than-temporarily impaired at June 30, 2014. | |||||||||||||||||||||||||||||||||||||||||||||||||
At June 30, 2014, the composition of the Company’s investment and available for sale securities portfolios by the lowest current credit rating assigned by any of the three nationally-recognized rating agencies is as follows (in thousands): | |||||||||||||||||||||||||||||||||||||||||||||||||
AAA - AA | |||||||||||||||||||||||||||||||||||||||||||||||||
U.S. Govt / GSE 1 | A - BBB | Below Investment Grade | Not Rated | Total | |||||||||||||||||||||||||||||||||||||||||||||
Carrying | Fair | Carrying | Fair | Carrying | Fair | Carrying | Fair | Carrying | Fair | Carrying | Fair | ||||||||||||||||||||||||||||||||||||||
Value | Value | Value | Value | Value | Value | Value | Value | Value | Value | Value | Value | ||||||||||||||||||||||||||||||||||||||
Investment: | |||||||||||||||||||||||||||||||||||||||||||||||||
Municipal and other tax-exempt | $ | — | $ | — | $ | 271,498 | $ | 272,244 | $ | 16,497 | $ | 16,721 | $ | — | $ | — | $ | 137,226 | $ | 140,086 | $ | 425,221 | $ | 429,051 | |||||||||||||||||||||||||
Mortgage-backed securities -- other | 41,973 | 44,176 | — | — | — | — | — | — | — | — | 41,973 | 44,176 | |||||||||||||||||||||||||||||||||||||
Other debt securities | — | — | 160,353 | 175,071 | — | — | — | — | 22,390 | 22,513 | 182,743 | 197,584 | |||||||||||||||||||||||||||||||||||||
Total investment securities | $ | 41,973 | $ | 44,176 | $ | 431,851 | $ | 447,315 | $ | 16,497 | $ | 16,721 | $ | — | $ | — | $ | 159,616 | $ | 162,599 | $ | 649,937 | $ | 670,811 | |||||||||||||||||||||||||
U.S. Govt / GSE 1 | AAA - AA | Below Investment Grade | Not Rated | Total | |||||||||||||||||||||||||||||||||||||||||||||
A - BBB | |||||||||||||||||||||||||||||||||||||||||||||||||
Amortized Cost | Fair | Amortized Cost | Fair Value | Amortized Cost | Fair Value | Amortized Cost | Fair Value | Amortized Cost | Fair Value | Amortized Cost | Fair | ||||||||||||||||||||||||||||||||||||||
Value | Value | ||||||||||||||||||||||||||||||||||||||||||||||||
Available for Sale: | |||||||||||||||||||||||||||||||||||||||||||||||||
U.S. Treasury | $ | 1,023 | $ | 1,024 | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 1,023 | $ | 1,024 | |||||||||||||||||||||||||
Municipal and other tax-exempt | — | — | 40,967 | 42,360 | 11,505 | 11,225 | — | — | 11,459 | 11,385 | 63,931 | 64,970 | |||||||||||||||||||||||||||||||||||||
Residential mortgage-backed securities: | |||||||||||||||||||||||||||||||||||||||||||||||||
U. S. government agencies: | |||||||||||||||||||||||||||||||||||||||||||||||||
FNMA | 4,297,579 | 4,364,168 | — | — | — | — | — | — | — | — | 4,297,579 | 4,364,168 | |||||||||||||||||||||||||||||||||||||
FHLMC | 2,055,924 | 2,068,940 | — | — | — | — | — | — | — | — | 2,055,924 | 2,068,940 | |||||||||||||||||||||||||||||||||||||
GNMA | 815,201 | 820,454 | — | — | — | — | — | — | — | — | 815,201 | 820,454 | |||||||||||||||||||||||||||||||||||||
Other | 5,489 | 5,942 | — | — | — | — | — | — | — | — | 5,489 | 5,942 | |||||||||||||||||||||||||||||||||||||
Total U.S. government agencies | 7,174,193 | 7,259,504 | — | — | — | — | — | — | — | — | 7,174,193 | 7,259,504 | |||||||||||||||||||||||||||||||||||||
Private issue: | |||||||||||||||||||||||||||||||||||||||||||||||||
Alt-A loans | — | — | — | — | — | — | 70,880 | 75,700 | — | — | 70,880 | 75,700 | |||||||||||||||||||||||||||||||||||||
Jumbo-A loans | — | — | — | — | — | — | 97,939 | 103,342 | — | — | 97,939 | 103,342 | |||||||||||||||||||||||||||||||||||||
Total private issue | — | — | — | — | — | — | 168,819 | 179,042 | — | — | 168,819 | 179,042 | |||||||||||||||||||||||||||||||||||||
Total residential mortgage-backed securities | 7,174,193 | 7,259,504 | — | — | — | — | 168,819 | 179,042 | — | — | 7,343,012 | 7,438,546 | |||||||||||||||||||||||||||||||||||||
Commercial mortgage-backed securities guaranteed by U.S. government agencies | 2,129,521 | 2,115,295 | — | — | — | — | — | — | — | — | 2,129,521 | 2,115,295 | |||||||||||||||||||||||||||||||||||||
Other debt securities | — | — | 4,400 | 4,231 | 30,101 | 30,297 | — | — | — | — | 34,501 | 34,528 | |||||||||||||||||||||||||||||||||||||
Perpetual preferred stock | — | — | — | — | 11,406 | 12,588 | 10,765 | 12,142 | — | — | 22,171 | 24,730 | |||||||||||||||||||||||||||||||||||||
Equity securities and mutual funds | — | — | 4 | 505 | — | — | — | — | 19,503 | 19,548 | 19,507 | 20,053 | |||||||||||||||||||||||||||||||||||||
Total available for sale securities | $ | 9,304,737 | $ | 9,375,823 | $ | 45,371 | $ | 47,096 | $ | 53,012 | $ | 54,110 | $ | 179,584 | $ | 191,184 | $ | 30,962 | $ | 30,933 | $ | 9,613,666 | $ | 9,699,146 | |||||||||||||||||||||||||
1 | U.S. government and government sponsored enterprises are not rated by the nationally-recognized rating agencies as these securities are guaranteed by agencies of the U.S. government or government-sponsored enterprises. | ||||||||||||||||||||||||||||||||||||||||||||||||
At June 30, 2014, the entire portfolio of privately issued residential mortgage-backed securities was rated below investment grade. The gross unrealized loss on these securities totaled $486 thousand. Ratings by the nationally-recognized rating agencies are subjective in nature and accordingly ratings can vary significantly amongst the agencies. Limitations generally expressed by the rating agencies include statements that ratings do not predict the specific percentage default likelihood over any given period of time and that ratings do not opine on expected loss severity of an obligation should the issuer default. As such, the impairment of securities rated below investment grade was evaluated to determine if we expect not to recover the entire amortized cost basis of the security. This evaluation was based on projections of estimated cash flows based on individual loans underlying each security using current and anticipated increases in unemployment and default rates, decreases in housing prices and estimated liquidation costs at foreclosure. | |||||||||||||||||||||||||||||||||||||||||||||||||
The primary assumptions used in this evaluation were: | |||||||||||||||||||||||||||||||||||||||||||||||||
June 30, | December 31, | June 30, | |||||||||||||||||||||||||||||||||||||||||||||||
2014 | 2013 | 2013 | |||||||||||||||||||||||||||||||||||||||||||||||
Unemployment rate | Held constant at 6.7% over the next 12 months and remains at 6.7% thereafter. | Increasing to 7.3% over the next 12 months and remain at 7.3% thereafter. | Increasing to 8% over the next 12 months and remain at 8% thereafter. | ||||||||||||||||||||||||||||||||||||||||||||||
Housing price appreciation/depreciation | Starting with current depreciated housing prices based on information derived from the FHFA1, appreciating 4% over the next 12 months, then flat for the following 12 months and then appreciating at 2% per year thereafter. | Starting with current depreciated housing prices based on information derived from the FHFA1, appreciating 4% over the next 12 months, then flat for the following 12 months and then appreciating at 2% per year thereafter. | Starting with current depreciated housing prices based on information derived from the FHFA1, appreciating 5% over the next 12 months, then flat for he following 12 months and then appreciating at 2% per year thereafter. | ||||||||||||||||||||||||||||||||||||||||||||||
Estimated liquidation costs | Reflect actual historical liquidations costs observed on Jumbo and Alt-A residential mortgage loans in securities owned by the Company. | Reflect actual historical liquidations costs observed on Jumbo and Alt-A residential mortgage loans in securities owned by the Company. | Reflect actual historical liquidations costs observed on Jumbo and Alt-A residential mortgage loans in securities owned by the Company. | ||||||||||||||||||||||||||||||||||||||||||||||
Discount rates | Estimated cash flows were discounted at rates that range from 2.00% to 6.25% based on our current expected yields. | Estimated cash flows were discounted at rates that range from 2.00% to 6.25% based on our current expected yields. | Estimated cash flows were discounted at rates that range from 2.00% to 6.25% based on our current expected yields. | ||||||||||||||||||||||||||||||||||||||||||||||
1 | Federal Housing Finance Agency | ||||||||||||||||||||||||||||||||||||||||||||||||
We also consider the current loan-to-value ratio and remaining credit enhancement as part of the assessment of the cash flows available to recover the amortized cost of the debt securities. Each factor is considered in the evaluation. | |||||||||||||||||||||||||||||||||||||||||||||||||
The Company calculates the current loan-to-value ratio for each mortgage-backed security using loan-level data. The current loan-to-value ratio is the current outstanding loan amount divided by an estimate of the current home value. The current home value is derived from FHFA data. FHFA provides historical information on home price depreciation at both the Metropolitan Statistical Area and state level. This information is matched to each loan to estimate the home price depreciation. Data is accumulated from the loan level to determine the current loan-to-value ratio for the security as a whole. | |||||||||||||||||||||||||||||||||||||||||||||||||
Remaining credit enhancement is the amount of credit enhancement available to absorb current projected losses within the pool of loans that support the security. The Company acquires the benefit of credit enhancement by investing in senior or super-senior tranches for many of our residential mortgage-backed securities. Subordinated tranches held by other investors are specifically designed to absorb losses before the senior or super-senior tranches, which effectively increases the typical credit support for these types of bonds. Current projected losses consider depreciation of home prices based on FHFA data, estimated costs and additional losses to liquidate collateral and delinquency status of the individual loans underlying the security. | |||||||||||||||||||||||||||||||||||||||||||||||||
Credit loss impairment is recorded as a charge to earnings. Additional impairment based on the difference between the total unrealized loss and the estimated credit loss on these securities is charged against other comprehensive income, net of deferred taxes. No credit loss impairments were recognized in earnings on privately issued residential mortgage-backed securities during the three months ended June 30, 2014. | |||||||||||||||||||||||||||||||||||||||||||||||||
A distribution of the amortized cost (after recognition of the other-than-temporary impairment), fair value and credit loss impairments recognized on our privately issued residential mortgage-backed securities is as follows (in thousands, except for number of securities): | |||||||||||||||||||||||||||||||||||||||||||||||||
Credit Losses Recognized | |||||||||||||||||||||||||||||||||||||||||||||||||
Three months ended | |||||||||||||||||||||||||||||||||||||||||||||||||
June 30, 2014 | Life-to-date | ||||||||||||||||||||||||||||||||||||||||||||||||
Number of Securities | Amortized Cost | Fair Value | Number of | Amount | Number of Securities | Amount | |||||||||||||||||||||||||||||||||||||||||||
Securities | |||||||||||||||||||||||||||||||||||||||||||||||||
Alt-A | 14 | $ | 70,880 | $ | 75,700 | — | $ | — | 14 | $ | 36,127 | ||||||||||||||||||||||||||||||||||||||
Jumbo-A | 30 | 97,939 | 103,342 | — | — | 29 | 18,220 | ||||||||||||||||||||||||||||||||||||||||||
Total | 44 | $ | 168,819 | $ | 179,042 | — | $ | — | 43 | $ | 54,347 | ||||||||||||||||||||||||||||||||||||||
Impaired equity securities, including perpetual preferred stocks, are evaluated based on management's ability and intent to hold the securities until fair value recovers over periods not to exceed three years. The assessment of the ability and intent to hold these securities focuses on the liquidity needs, asset/liability management objectives and securities portfolio objectives. Factors considered when assessing recovery include forecasts of general economic conditions and specific performance of the issuer, analyst ratings and credit spreads for preferred stocks which have debt-like characteristics. The Company has evaluated the near-term prospects of the investments in relation to the severity and duration of the impairment and based on that evaluation has the ability and intent to hold these investments until a recovery in fair value. Accordingly, all impairment of equity securities was considered temporary at June 30, 2014. | |||||||||||||||||||||||||||||||||||||||||||||||||
The following is a tabular roll forward of the amount of credit-related OTTI recognized on available for sale debt securities in earnings (in thousands): | |||||||||||||||||||||||||||||||||||||||||||||||||
Three Months Ended | Six Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||
June 30, | June 30, | ||||||||||||||||||||||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||||||||||||||||||||||||||||
Balance of credit-related OTTI recognized on available for sale debt, beginning of period | $ | 54,347 | $ | 75,475 | $ | 67,346 | $ | 75,228 | |||||||||||||||||||||||||||||||||||||||||
Additions for credit-related OTTI not previously recognized | — | 552 | — | 552 | |||||||||||||||||||||||||||||||||||||||||||||
Additions for increases in credit-related OTTI previously recognized when there is no intent to sell and no requirement to sell before recovery of amortized cost | — | — | — | 247 | |||||||||||||||||||||||||||||||||||||||||||||
Reductions for change in intent to hold before recovery | — | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||
Sales | — | — | (12,999 | ) | — | ||||||||||||||||||||||||||||||||||||||||||||
Balance of credit-related OTTI recognized on available for sale debt securities, end of period | $ | 54,347 | $ | 76,027 | $ | 54,347 | $ | 76,027 | |||||||||||||||||||||||||||||||||||||||||
Additions above exclude other-than-temporary impairment recorded due to change in intent to hold before recovery. | |||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Option Securities | |||||||||||||||||||||||||||||||||||||||||||||||||
Fair value option securities represent securities which the Company has elected to carry at fair value and are separately identified on the Consolidated Balance Sheets. Changes in the fair value are recognized in earnings as they occur. Certain residential mortgage-backed securities issued by U.S. government agencies and derivative contracts are held as an economic hedge of the mortgage servicing rights. In addition, certain corporate debt securities are economically hedged by derivative contracts to manage interest rate risk. Derivative contracts that have not been designated as hedging instruments effectively modify these fixed rate securities into variable rate securities. | |||||||||||||||||||||||||||||||||||||||||||||||||
The fair value and net unrealized gain (loss) included in fair value option securities is as follows (in thousands): | |||||||||||||||||||||||||||||||||||||||||||||||||
June 30, 2014 | December 31, 2013 | June 30, 2013 | |||||||||||||||||||||||||||||||||||||||||||||||
Fair Value | Net Unrealized Gain (Loss) | Fair Value | Net Unrealized Gain (Loss) | Fair | Net Unrealized Gain (Loss) | ||||||||||||||||||||||||||||||||||||||||||||
Value | |||||||||||||||||||||||||||||||||||||||||||||||||
U.S. agency residential mortgage-backed securities | $ | 181,205 | $ | (1,720 | ) | $ | 157,431 | $ | (8,378 | ) | $ | 203,816 | $ | (8,048 | ) | ||||||||||||||||||||||||||||||||||
Other securities | 4,469 | 387 | 9,694 | 209 | 1,940 | (8 | ) | ||||||||||||||||||||||||||||||||||||||||||
Total | $ | 185,674 | $ | (1,333 | ) | $ | 167,125 | $ | (8,169 | ) | $ | 205,756 | $ | (8,056 | ) | ||||||||||||||||||||||||||||||||||
Restricted Equity Securities | |||||||||||||||||||||||||||||||||||||||||||||||||
Restricted equity securities include stock we are required to hold as members of the Federal Reserve system and the Federal Home Loan Banks ("FHLB"). Restricted equity securities are carried at cost as these securities do not have a readily determined fair value because ownership of these shares are restricted and lacks a market. A summary of restricted equity securities follows (in thousands): | |||||||||||||||||||||||||||||||||||||||||||||||||
June 30, 2014 | December 31, 2013 | June 30, 2013 | |||||||||||||||||||||||||||||||||||||||||||||||
Federal Reserve stock | $ | 33,971 | $ | 33,742 | $ | 33,695 | |||||||||||||||||||||||||||||||||||||||||||
Federal Home Loan Bank stock | 57,242 | 51,498 | 124,152 | ||||||||||||||||||||||||||||||||||||||||||||||
Total | $ | 91,213 | $ | 85,240 | $ | 157,847 | |||||||||||||||||||||||||||||||||||||||||||
Derivatives
Derivatives | 6 Months Ended | ||||||||||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||||||||||
Derivative Instrument Detail [Abstract] | ' | ||||||||||||||||||||||||
Derivatives [Text Block] | ' | ||||||||||||||||||||||||
(3) Derivatives | |||||||||||||||||||||||||
Derivative instruments may be used by the Company as part of its interest rate risk management programs or may be offered to customers. All derivative instruments are carried at fair value and changes in fair value are reported in earnings as they occur. Credit risk is also considered in determining fair value. | |||||||||||||||||||||||||
When bilateral netting agreements or similar arrangements exist between the Company and its counterparties that create a single legal claim or obligation to pay or receive the net amount in settlement of the individual derivative contracts, the Company reports derivative assets and liabilities on a net by derivative contract type by counterparty basis. | |||||||||||||||||||||||||
Derivative contracts may require the Company to provide or receive cash margin as collateral for derivative assets and liabilities. Derivative assets and liabilities are reported net of cash margin when certain conditions are met. In addition, derivative contracts executed with customers under Customer Risk Management Programs may be secured by non-cash collateral in conjunction with a credit agreement with that customer. Access to collateral, in the event of default is reasonably assured. As of June 30, 2014, a decrease in BOK Financial's credit rating to below investment grade would increase our obligation to post cash margin on existing contracts by approximately $21 million. | |||||||||||||||||||||||||
None of these derivative contracts have been designated as hedging instruments. | |||||||||||||||||||||||||
Customer Risk Management Programs | |||||||||||||||||||||||||
BOK Financial offers programs to permit its customers to manage various risks, including fluctuations in energy, cattle and other agricultural products, and foreign exchange rates, or to take positions in derivative contracts. Customers may also manage interest rate risk through interest rate swaps used by borrowers to modify interest rate terms of their loans or to-be-announced securities used by mortgage banking customers to hedge their loan production. Derivative contracts are executed between the customers and BOK Financial. Offsetting contracts are executed between BOK Financial and other selected counterparties to minimize the risk of changes in commodity prices, interest rates or foreign exchange rates. The counterparty contracts are identical to customer contracts, except for a fixed pricing spread or fee paid to BOK Financial as profit and compensation for administrative costs and credit risk which is recognized over the life of the contracts and included in other operating revenue – brokerage and trading revenue in the Consolidated Statements of Earnings. | |||||||||||||||||||||||||
Interest Rate Risk Management Programs | |||||||||||||||||||||||||
BOK Financial may use derivative contracts in managing its interest rate sensitivity and as part of its economic hedge of the change in the fair value of mortgage servicing rights. Interest rate swaps are generally used to reduce overall asset sensitivity by converting specific fixed-rate liabilities to floating-rate based on LIBOR. As of June 30, 2014, BOK Financial had interest rate swaps with a notional value of $47 million used as part of the economic hedge of the change in the fair value of the mortgage servicing rights. | |||||||||||||||||||||||||
As discussed in Note 6, certain derivative contracts not designated as hedging instruments related to mortgage loan commitments and forward sales contracts are included in Residential mortgage loans held for sale on the Consolidated Balance Sheets. See Note 6 for additional discussion of notional, fair value and impact on earnings of these contracts. Forward sales contracts are not considered swaps under the Commodity and Futures Trading Commission final rules. | |||||||||||||||||||||||||
The following table summarizes the fair values of derivative contracts recorded as “derivative contracts” assets and liabilities in the balance sheet at June 30, 2014 (in thousands): | |||||||||||||||||||||||||
Assets | |||||||||||||||||||||||||
Notional1 | Gross Fair Value | Netting Adjustments | Net Fair Value Before Cash Collateral | Cash Collateral | Fair Value Net of Cash Collateral | ||||||||||||||||||||
Customer risk management programs: | |||||||||||||||||||||||||
Interest rate contracts | |||||||||||||||||||||||||
To-be-announced residential mortgage-backed securities | $ | 14,576,481 | $ | 134,411 | $ | (53,746 | ) | $ | 80,665 | $ | — | $ | 80,665 | ||||||||||||
Interest rate swaps | 1,266,228 | 39,974 | — | 39,974 | — | 39,974 | |||||||||||||||||||
Energy contracts | 1,063,840 | 67,831 | (23,169 | ) | 44,662 | — | 44,662 | ||||||||||||||||||
Agricultural contracts | 36,050 | 2,528 | (223 | ) | 2,305 | — | 2,305 | ||||||||||||||||||
Foreign exchange contracts | 242,866 | 174,802 | — | 174,802 | — | 174,802 | |||||||||||||||||||
Equity option contracts | 205,904 | 16,962 | — | 16,962 | (1,690 | ) | 15,272 | ||||||||||||||||||
Total customer risk management programs | 17,391,369 | 436,508 | (77,138 | ) | 359,370 | (1,690 | ) | 357,680 | |||||||||||||||||
Interest rate risk management programs | — | — | — | — | — | — | |||||||||||||||||||
Total derivative contracts | $ | 17,391,369 | $ | 436,508 | $ | (77,138 | ) | $ | 359,370 | $ | (1,690 | ) | $ | 357,680 | |||||||||||
Liabilities | |||||||||||||||||||||||||
Notional¹ | Gross Fair Value | Netting Adjustments | Net Fair Value Before Cash Collateral | Cash Collateral | Fair Value Net of Cash Collateral | ||||||||||||||||||||
Customer risk management programs: | |||||||||||||||||||||||||
Interest rate contracts | |||||||||||||||||||||||||
To-be-announced residential mortgage-backed securities | $ | 14,734,106 | $ | 131,256 | $ | (53,746 | ) | $ | 77,510 | $ | — | $ | 77,510 | ||||||||||||
Interest rate swaps | 1,266,228 | 40,218 | — | 40,218 | (19,700 | ) | 20,518 | ||||||||||||||||||
Energy contracts | 1,049,835 | 66,742 | (23,169 | ) | 43,573 | (36,355 | ) | 7,218 | |||||||||||||||||
Agricultural contracts | 36,036 | 2,538 | (223 | ) | 2,315 | (2,298 | ) | 17 | |||||||||||||||||
Foreign exchange contracts | 242,791 | 174,477 | — | 174,477 | (680 | ) | 173,797 | ||||||||||||||||||
Equity option contracts | 205,904 | 16,962 | — | 16,962 | — | 16,962 | |||||||||||||||||||
Total customer risk management programs | 17,534,900 | 432,193 | (77,138 | ) | 355,055 | (59,033 | ) | 296,022 | |||||||||||||||||
Interest rate risk management programs | 47,000 | 1,829 | — | 1,829 | — | 1,829 | |||||||||||||||||||
Total derivative contracts | $ | 17,581,900 | $ | 434,022 | $ | (77,138 | ) | $ | 356,884 | $ | (59,033 | ) | $ | 297,851 | |||||||||||
1 | Notional amounts for commodity contracts are converted into dollar-equivalent amounts based on dollar prices at the inception of the contract. | ||||||||||||||||||||||||
The following table summarizes the fair values of derivative contracts recorded as “derivative contracts” assets and liabilities in the balance sheet at December 31, 2013 (in thousands): | |||||||||||||||||||||||||
Assets | |||||||||||||||||||||||||
Notional | Gross Fair Value | Netting Adjustments | Net Fair Value Before Cash Collateral | Cash Collateral | Fair Value Net of Cash Collateral | ||||||||||||||||||||
Customer risk management programs: | |||||||||||||||||||||||||
Interest rate contracts | |||||||||||||||||||||||||
To-be-announced residential mortgage-backed securities | $ | 10,817,159 | $ | 102,921 | $ | (46,623 | ) | $ | 56,298 | $ | — | $ | 56,298 | ||||||||||||
Interest rate swaps | 1,283,379 | 44,124 | — | 44,124 | (731 | ) | 43,393 | ||||||||||||||||||
Energy contracts | 1,263,266 | 48,078 | (29,957 | ) | 18,121 | (2,575 | ) | 15,546 | |||||||||||||||||
Agricultural contracts | 100,886 | 2,060 | (1,166 | ) | 894 | — | 894 | ||||||||||||||||||
Foreign exchange contracts | 136,543 | 136,543 | — | 136,543 | (2,147 | ) | 134,396 | ||||||||||||||||||
Equity option contracts | 210,816 | 17,957 | — | 17,957 | (3,472 | ) | 14,485 | ||||||||||||||||||
Total customer risk management programs | 13,812,049 | 351,683 | (77,746 | ) | 273,937 | (8,925 | ) | 265,012 | |||||||||||||||||
Interest rate risk management programs | — | — | — | — | — | — | |||||||||||||||||||
Total derivative contracts | $ | 13,812,049 | $ | 351,683 | $ | (77,746 | ) | $ | 273,937 | $ | (8,925 | ) | $ | 265,012 | |||||||||||
Liabilities | |||||||||||||||||||||||||
Notional | Gross Fair Value | Netting Adjustments | Net Fair Value Before Cash Collateral | Cash Collateral | Fair Value Net of Cash Collateral | ||||||||||||||||||||
Customer risk management programs: | |||||||||||||||||||||||||
Interest rate contracts | |||||||||||||||||||||||||
To-be-announced residential mortgage-backed securities | $ | 10,982,049 | $ | 99,830 | $ | (46,623 | ) | $ | 53,207 | $ | — | $ | 53,207 | ||||||||||||
Interest rate swaps | 1,283,379 | 44,377 | — | 44,377 | (17,853 | ) | 26,524 | ||||||||||||||||||
Energy contracts | 1,216,426 | 46,095 | (29,957 | ) | 16,138 | (6,055 | ) | 10,083 | |||||||||||||||||
Agricultural contracts | 99,191 | 2,009 | (1,166 | ) | 843 | — | 843 | ||||||||||||||||||
Foreign exchange contracts | 135,237 | 135,237 | — | 135,237 | (294 | ) | 134,943 | ||||||||||||||||||
Equity option contracts | 210,816 | 17,957 | — | 17,957 | — | 17,957 | |||||||||||||||||||
Total customer risk management programs | 13,927,098 | 345,505 | (77,746 | ) | 267,759 | (24,202 | ) | 243,557 | |||||||||||||||||
Interest rate risk management programs | 47,000 | 3,628 | — | 3,628 | — | 3,628 | |||||||||||||||||||
Total derivative contracts | $ | 13,974,098 | $ | 349,133 | $ | (77,746 | ) | $ | 271,387 | $ | (24,202 | ) | $ | 247,185 | |||||||||||
1 | Notional amounts for commodity contracts are converted into dollar-equivalent amounts based on dollar prices at the inception of the contract. | ||||||||||||||||||||||||
The following table summarizes the fair values of derivative contracts recorded as “derivative contracts” assets and liabilities in the balance sheet at June 30, 2013 (in thousands): | |||||||||||||||||||||||||
Assets | |||||||||||||||||||||||||
Notional1 | Gross Fair Value | Netting Adjustments | Net Fair Value Before Cash Collateral | Cash Collateral | Fair Value Net of Cash Collateral | ||||||||||||||||||||
Customer risk management programs: | |||||||||||||||||||||||||
Interest rate contracts | |||||||||||||||||||||||||
To-be-announced residential mortgage-backed securities | $ | 16,351,395 | $ | 545,290 | $ | (268,087 | ) | $ | 277,203 | $ | — | $ | 277,203 | ||||||||||||
Interest rate swaps | 1,381,836 | 51,745 | — | 51,745 | — | 51,745 | |||||||||||||||||||
Energy contracts | 1,501,959 | 65,414 | (35,376 | ) | 30,038 | (2,537 | ) | 27,501 | |||||||||||||||||
Agricultural contracts | 207,439 | 5,871 | (4,658 | ) | 1,213 | — | 1,213 | ||||||||||||||||||
Foreign exchange contracts | 177,643 | 177,643 | — | 177,643 | — | 177,643 | |||||||||||||||||||
Equity option contracts | 211,595 | 13,469 | — | 13,469 | (2,568 | ) | 10,901 | ||||||||||||||||||
Total customer risk management programs | 19,831,867 | 859,432 | (308,121 | ) | 551,311 | (5,105 | ) | 546,206 | |||||||||||||||||
Interest rate risk management programs | — | — | — | — | — | — | |||||||||||||||||||
Total derivative contracts | $ | 19,831,867 | $ | 859,432 | $ | (308,121 | ) | $ | 551,311 | $ | (5,105 | ) | $ | 546,206 | |||||||||||
Liabilities | |||||||||||||||||||||||||
Notional1 | Gross Fair Value | Netting Adjustments | Net Fair Value Before Cash Collateral | Cash Collateral | Fair Value Net of Cash Collateral | ||||||||||||||||||||
Customer risk management programs: | |||||||||||||||||||||||||
Interest rate contracts | |||||||||||||||||||||||||
To-be-announced residential mortgage-backed securities | $ | 16,439,531 | $ | 540,540 | $ | (268,087 | ) | $ | 272,453 | $ | — | $ | 272,453 | ||||||||||||
Interest rate swaps | 1,381,836 | 52,095 | — | 52,095 | (19,381 | ) | 32,714 | ||||||||||||||||||
Energy contracts | 1,441,957 | 63,515 | (35,376 | ) | 28,139 | (5,865 | ) | 22,274 | |||||||||||||||||
Agricultural contracts | 207,329 | 5,824 | (4,658 | ) | 1,166 | — | 1,166 | ||||||||||||||||||
Foreign exchange contracts | 177,187 | 177,187 | — | 177,187 | — | 177,187 | |||||||||||||||||||
Equity option contracts | 211,595 | 13,469 | — | 13,469 | — | 13,469 | |||||||||||||||||||
Total customer risk management programs | 19,859,435 | 852,630 | (308,121 | ) | 544,509 | (25,246 | ) | 519,263 | |||||||||||||||||
Interest rate risk management programs | 47,000 | 2,728 | — | 2,728 | — | 2,728 | |||||||||||||||||||
Total derivative contracts | $ | 19,906,435 | $ | 855,358 | $ | (308,121 | ) | $ | 547,237 | $ | (25,246 | ) | $ | 521,991 | |||||||||||
1 | Notional amounts for commodity contracts are converted into dollar-equivalent amounts based on dollar prices at the inception of the contract. | ||||||||||||||||||||||||
The following summarizes the pre-tax net gains (losses) on derivative instruments and where they are recorded in the income statement (in thousands): | |||||||||||||||||||||||||
Three Months Ended | |||||||||||||||||||||||||
June 30, 2014 | June 30, 2013 | ||||||||||||||||||||||||
Brokerage | Gain (Loss) | Brokerage | Gain (Loss) | ||||||||||||||||||||||
and Trading Revenue | on Derivatives, Net | and Trading | on Derivatives, | ||||||||||||||||||||||
Revenue | Net | ||||||||||||||||||||||||
Customer Risk Management Programs: | |||||||||||||||||||||||||
Interest rate contracts | |||||||||||||||||||||||||
To-be-announced residential mortgage-backed securities | $ | 224 | $ | — | $ | 1,716 | $ | — | |||||||||||||||||
Interest rate swaps | 524 | — | 768 | — | |||||||||||||||||||||
Energy contracts | 2,613 | — | 2,436 | — | |||||||||||||||||||||
Agricultural contracts | 38 | — | 77 | — | |||||||||||||||||||||
Foreign exchange contracts | 333 | — | 172 | — | |||||||||||||||||||||
Equity option contracts | — | — | — | — | |||||||||||||||||||||
Total customer risk management programs | 3,732 | — | 5,169 | — | |||||||||||||||||||||
Interest Rate Risk Management Programs | — | 831 | — | (2,527 | ) | ||||||||||||||||||||
Total Derivative Contracts | $ | 3,732 | $ | 831 | $ | 5,169 | $ | (2,527 | ) | ||||||||||||||||
Six Months Ended | |||||||||||||||||||||||||
June 30, 2014 | June 30, 2013 | ||||||||||||||||||||||||
Brokerage | Gain (Loss) | Brokerage | Gain (Loss) | ||||||||||||||||||||||
and Trading Revenue | on Derivatives, Net | and Trading | on Derivatives, | ||||||||||||||||||||||
Revenue | Net | ||||||||||||||||||||||||
Customer Risk Management Programs: | |||||||||||||||||||||||||
Interest rate contracts | |||||||||||||||||||||||||
To-be-announced residential mortgage-backed securities | $ | 64 | $ | — | $ | 1,701 | $ | — | |||||||||||||||||
Interest rate swaps | 1,031 | — | 1,535 | — | |||||||||||||||||||||
Energy contracts | 3,484 | — | 4,219 | — | |||||||||||||||||||||
Agricultural contracts | 101 | — | 185 | — | |||||||||||||||||||||
Foreign exchange contracts | 552 | — | 360 | — | |||||||||||||||||||||
Equity option contracts | — | — | — | — | |||||||||||||||||||||
Total customer risk management programs | 5,232 | — | 8,000 | — | |||||||||||||||||||||
Interest Rate Risk Management Programs | — | 1,799 | — | (3,468 | ) | ||||||||||||||||||||
Total Derivative Contracts | $ | 5,232 | $ | 1,799 | $ | 8,000 | $ | (3,468 | ) | ||||||||||||||||
Net interest revenue was not significantly impacted by the settlement of amounts receivable or payable on interest rate swaps for the three and six months ended June 30, 2014 and 2013, respectively. |
Loans_and_Allowances_for_Credi
Loans and Allowances for Credit Losses | 6 Months Ended | |||||||||||||||||||||||||||||||||||
Jun. 30, 2014 | ||||||||||||||||||||||||||||||||||||
Loans Receivable, Net [Abstract] | ' | |||||||||||||||||||||||||||||||||||
Loans [Text Block] | ' | |||||||||||||||||||||||||||||||||||
(4) Loans and Allowances for Credit Losses | ||||||||||||||||||||||||||||||||||||
Loans | ||||||||||||||||||||||||||||||||||||
Loans are either secured or unsecured based on the type of loan and the financial condition of the borrower. Repayment is generally expected from cash flow or proceeds from the sale of selected assets of the borrower. BOK Financial is exposed to risk of loss on loans due to the borrower’s difficulties, which may arise from any number of factors, including problems within the respective industry or local economic conditions. Access to collateral, in the event of borrower default, is reasonably assured through adherence to applicable lending laws and through sound lending standards and credit review procedures. Accounting policies for all loans, excluding residential mortgage loans guaranteed by U.S. government agencies, are as follows. | ||||||||||||||||||||||||||||||||||||
Interest is accrued at the applicable interest rate on the principal amount outstanding. Loans are placed on nonaccruing status when, in the opinion of management, full collection of principal or interest is uncertain. Internally risk graded loans are individually evaluated for nonaccruing status quarterly. Non-risk graded loans are generally placed on nonaccruing status when more than 90 days past due or within 60 days of being notified of the borrower's bankruptcy filing. Interest previously accrued but not collected is charged against interest income when the loan is placed on nonaccruing status. Payments on nonaccruing loans are applied to principal or recognized as interest income, according to management’s judgment as to the collectability of principal. Loans may be returned to accruing status when, in the opinion of management, full collection of principal and interest, including principal previously charged off, is probable based on improvements in the borrower’s financial condition or a sustained period of performance. | ||||||||||||||||||||||||||||||||||||
Loans to borrowers experiencing financial difficulties may be modified in troubled debt restructurings ("TDRs"). All TDRs are classified as nonaccruing. Modifications generally consist of extension of payment terms or interest rate concessions and may result either voluntarily through negotiations with the borrower or involuntarily through court order. Generally, principal and accrued but unpaid interest is not voluntarily forgiven. | ||||||||||||||||||||||||||||||||||||
Performing loans may be renewed under then current collateral value, debt service ratio and other underwriting standards. Nonaccruing loans may be renewed and will remain classified as nonaccruing. | ||||||||||||||||||||||||||||||||||||
All loans are charged off when the loan balance or a portion of the loan balance is no longer supported by the paying capacity of the borrower or when the required cash flow is reduced in a TDR. The charge-off amount is determined through a quarterly evaluation of available cash resources and collateral value and charge-offs are taken in the quarter in which the loss is identified. Non-risk graded loans that are past due between 60 and 180 days, based on the loan product type, are charged off. Loans to borrowers whose personal obligation has been discharged through Chapter 7 bankruptcy proceedings are charged off within 60 days of notice of the bankruptcy filing, regardless of payment status. | ||||||||||||||||||||||||||||||||||||
Loan origination and commitment fees and direct loan acquisition and origination costs are deferred and amortized as an adjustment to yield over the life of the loan or over the commitment period, as applicable. | ||||||||||||||||||||||||||||||||||||
Qualifying residential mortgage loans guaranteed by U.S. government agencies have been sold into GNMA pools. Under certain performance conditions specified in government programs, the Company may have the right, but not the obligation to repurchase loans from GNMA pools. These loans no longer qualify for sale accounting and are recognized in the Consolidated Balance Sheets. Guaranteed loans are considered impaired because we do not expect to receive all principal and interest based on the loan's contractual terms. The principal balance continues to be guaranteed; however, interest accrues at a curtailed rate as specified in the programs. The carrying value of these loans is reduced based on an estimate of the expected cash flows discounted at the original note rate plus a liquidity spread. Guaranteed loans may be modified in TDRs in accordance with U.S. government agency guidelines. Interest continues to accrue based on the modified rate. Guaranteed loans may either be resold into GNMA pools after a performance period specified by the programs or foreclosed and conveyed to the guarantors. | ||||||||||||||||||||||||||||||||||||
Loans are disaggregated into portfolio segments and further disaggregated into classes. The portfolio segment is the level at which the Company develops and documents a systematic method for determining its allowance for credit losses. Classes are a further disaggregation of portfolio segments based on the risk characteristics of the loans and the Company’s method for monitoring and assessing credit risk. | ||||||||||||||||||||||||||||||||||||
Portfolio segments of the loan portfolio are as follows (in thousands): | ||||||||||||||||||||||||||||||||||||
June 30, 2014 | December 31, 2013 | |||||||||||||||||||||||||||||||||||
Fixed | Variable | Non-accrual | Total | Fixed | Variable | Non-accrual | Total | |||||||||||||||||||||||||||||
Rate | Rate | Rate | Rate | |||||||||||||||||||||||||||||||||
Commercial | $ | 1,681,348 | $ | 6,669,210 | $ | 17,103 | $ | 8,367,661 | $ | 1,637,620 | $ | 6,288,841 | $ | 16,760 | $ | 7,943,221 | ||||||||||||||||||||
Commercial real estate | 744,101 | 1,876,405 | 34,472 | 2,654,978 | 770,908 | 1,603,595 | 40,850 | 2,415,353 | ||||||||||||||||||||||||||||
Residential mortgage | 1,753,186 | 210,689 | 44,340 | 2,008,215 | 1,783,615 | 226,092 | 42,319 | 2,052,026 | ||||||||||||||||||||||||||||
Consumer | 115,185 | 280,054 | 765 | 396,004 | 135,494 | 244,950 | 1,220 | 381,664 | ||||||||||||||||||||||||||||
Total | $ | 4,293,820 | $ | 9,036,358 | $ | 96,680 | $ | 13,426,858 | $ | 4,327,637 | $ | 8,363,478 | $ | 101,149 | $ | 12,792,264 | ||||||||||||||||||||
Accruing loans past due (90 days)1 | $ | 67 | $ | 1,415 | ||||||||||||||||||||||||||||||||
June 30, 2013 | ||||||||||||||||||||||||||||||||||||
Fixed | Variable | Non-accrual | Total | |||||||||||||||||||||||||||||||||
Rate | Rate | |||||||||||||||||||||||||||||||||||
Commercial | $ | 1,447,823 | $ | 6,239,428 | $ | 20,869 | $ | 7,708,120 | ||||||||||||||||||||||||||||
Commercial real estate | 698,242 | 1,560,161 | 58,693 | 2,317,096 | ||||||||||||||||||||||||||||||||
Residential mortgage | 1,768,607 | 230,644 | 40,534 | 2,039,785 | ||||||||||||||||||||||||||||||||
Consumer | 142,737 | 231,007 | 2,037 | 375,781 | ||||||||||||||||||||||||||||||||
Total | $ | 4,057,409 | $ | 8,261,240 | $ | 122,133 | $ | 12,440,782 | ||||||||||||||||||||||||||||
Accruing loans past due (90 days)1 | $ | 2,460 | ||||||||||||||||||||||||||||||||||
1 | Excludes residential mortgage loans guaranteed by agencies of the U.S. government | |||||||||||||||||||||||||||||||||||
At June 30, 2014, $4.4 billion or 33% of our total loan portfolio is to businesses and individuals attributed to the Texas market and $3.4 billion or 26% of the total loan portfolio is to businesses and individuals attributed to the Oklahoma market. These geographic concentrations subject the loan portfolio to the general economic conditions within these areas. | ||||||||||||||||||||||||||||||||||||
Commercial | ||||||||||||||||||||||||||||||||||||
Commercial loans represent loans for working capital, facilities acquisition or expansion, purchases of equipment and other needs of commercial customers primarily located within our geographical footprint. Commercial loans are underwritten individually and represent on-going relationships based on a thorough knowledge of the customer, the customer’s industry and market. While commercial loans are generally secured by the customer’s assets including real property, inventory, accounts receivable, operating equipment, interest in mineral rights and other property and may also include personal guarantees of the owners and related parties, the primary source of repayment of the loans is the on-going cash flow from operations of the customer’s business. Inherent lending risk is centrally monitored on a continuous basis from underwriting throughout the life of the loan for compliance with commercial lending policies. | ||||||||||||||||||||||||||||||||||||
At June 30, 2014, commercial loans attributed to the Texas market totaled $2.8 billion or 34% of the commercial loan portfolio segment and commercial loans attributed to the Oklahoma market totaled $2.0 billion or 24% of the commercial loan portfolio segment. | ||||||||||||||||||||||||||||||||||||
The commercial loan portfolio segment is further divided into loan classes. The energy loan class totaled $2.4 billion or 18% of total loans at June 30, 2014, including $2.1 billion of outstanding loans to energy producers. Approximately 59% of committed production loans are secured by properties primarily producing oil and 41% are secured by properties producing natural gas. The services loan class totaled $2.4 billion at June 30, 2014. Approximately $1.2 billion of loans in the services category consist of loans with individual balances of less than $10 million. Businesses included in the services class include gaming, educational, public finance, insurance and community foundations. | ||||||||||||||||||||||||||||||||||||
Commercial Real Estate | ||||||||||||||||||||||||||||||||||||
Commercial real estate loans are for the construction of buildings or other improvements to real estate and property held by borrowers for investment purposes primarily within our geographical footprint. We require collateral values in excess of the loan amounts, demonstrated cash flows in excess of expected debt service requirements, equity investment in the project and a portion of the project already sold, leased or permanent financing already secured. The expected cash flows from all significant new or renewed income producing property commitments are stress tested to reflect the risks in varying interest rates, vacancy rates and rental rates. As with commercial loans, inherent lending risks are centrally monitored on a continuous basis from underwriting throughout the life of the loan for compliance with applicable lending policies. | ||||||||||||||||||||||||||||||||||||
At June 30, 2014, 33% of commercial real estate loans are secured by properties primarily located in the Dallas and Houston areas of Texas. An additional 17% of commercial real estate loans are secured by properties located primarily in the Tulsa and Oklahoma City metropolitan areas of Oklahoma. | ||||||||||||||||||||||||||||||||||||
Residential Mortgage and Consumer | ||||||||||||||||||||||||||||||||||||
Residential mortgage loans provide funds for our customers to purchase or refinance their primary residence or to borrow against the equity in their home. Residential mortgage loans are secured by a first or second mortgage on the customer’s primary residence. Consumer loans include direct loans secured by and for the purchase of automobiles, recreational and marine equipment as well as other unsecured loans. Consumer loans also include indirect automobile loans made through primary dealers. Residential mortgage and consumer loans are made in accordance with underwriting policies we believe to be conservative and are fully documented. Credit scoring is assessed based on significant credit characteristics including credit history, residential and employment stability. Residential mortgage loans retained in the Company’s portfolio are primarily composed of various mortgage programs to support customer relationships including jumbo mortgage loans, non-builder construction loans and special loan programs for high net worth individuals and certain professionals. Jumbo loans may be fixed or variable rate and are fully amortizing. Jumbo loans generally conform to government sponsored entity standards, except that the loan size exceeds maximums required under these standards. These loans generally require a minimum FICO score of 720 and a maximum debt-to-income ratio (“DTI”) of 38%. Loan-to-value (“LTV”) ratios are tiered from 60% to 100%, depending on the market. Special mortgage programs include fixed and variable fully amortizing loans tailored to the needs of certain healthcare professionals. Variable rate loans are fully indexed at origination and may have fixed rates for three to ten years, then adjust annually thereafter. | ||||||||||||||||||||||||||||||||||||
At June 30, 2014, residential mortgage loans included $188 million of loans guaranteed by U.S. government agencies previously sold into GNMA mortgage pools. These loans either have been repurchased or are eligible to be repurchased by the Company when certain defined delinquency criteria are met. Although payments on these loans generally are past due more than 90 days, interest continues to accrue based on the government guarantee. | ||||||||||||||||||||||||||||||||||||
Home equity loans totaled $799 million at June 30, 2014. Approximately, 69% of the home equity loan portfolio is comprised of first lien loans and 31% of the home equity portfolio is comprised of junior lien loans. Junior lien loans are distributed 73% to amortizing term loans and 27% to revolving lines of credit. Home equity loans generally require a minimum FICO score of 700 and a maximum DTI of 40%. The maximum loan amount available for our home equity loan products is generally $400 thousand. Revolving loans have a 5 year revolving period followed by a 15 year term of amortizing repayments. Interest-only home equity loans may not be extended for any additional revolving time. All other home equity loans may be extended at management's discretion for an additional 5 year revolving term, subject to an update of certain credit information. | ||||||||||||||||||||||||||||||||||||
Credit Commitments | ||||||||||||||||||||||||||||||||||||
Commitments to extend credit are agreements to lend to a customer as long as there is no violation of conditions established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. At June 30, 2014, outstanding commitments totaled $7.5 billion. Because some commitments are expected to expire before being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. BOK Financial uses the same credit policies in making commitments as it does loans. | ||||||||||||||||||||||||||||||||||||
The amount of collateral obtained, if deemed necessary, is based upon management’s credit evaluation of the borrower. | ||||||||||||||||||||||||||||||||||||
Standby letters of credit are conditional commitments issued to guarantee the performance of a customer to a third party. Because the credit risk involved in issuing standby letters of credit is essentially the same as that involved in extending loan commitments, BOK Financial uses the same credit policies in evaluating the creditworthiness of the customer. Additionally, BOK Financial uses the same evaluation process in obtaining collateral on standby letters of credit as it does for loan commitments. The term of these standby letters of credit is defined in each commitment and typically corresponds with the underlying loan commitment. At June 30, 2014, outstanding standby letters of credit totaled $469 million. Commercial letters of credit are used to facilitate customer trade transactions with the drafts being drawn when the underlying transaction is consummated. At June 30, 2014, outstanding commercial letters of credit totaled $11 million. | ||||||||||||||||||||||||||||||||||||
Allowances for Credit Losses | ||||||||||||||||||||||||||||||||||||
BOK Financial maintains an allowance for loan losses and an accrual for off-balance sheet credit risk. The accrual for off-balance sheet credit risk is maintained at a level that is appropriate to cover estimated losses associated with credit instruments that are not currently recognized as assets such as loan commitments, standby letters of credit or guarantees. As discussed in greater detail in Note 6, the Company also has separate accruals for off-balance sheet credit risk related to residential mortgage loans previously sold with full or partial recourse and for residential mortgage loans sold to government sponsored agencies under standard representations and warranties. | ||||||||||||||||||||||||||||||||||||
The appropriateness of the allowance for loan losses and accrual for off-balance sheet credit losses (collectively "allowance for credit losses") is assessed by management based on an on-going quarterly evaluation of the probable estimated losses inherent in the portfolio, including probable losses on both outstanding loans and unused commitments. | ||||||||||||||||||||||||||||||||||||
The allowance for loan losses consists of specific allowances attributed to impaired loans that have not yet been charged down to amounts we expect to recover, general allowances for unimpaired loans based on estimated loss rates by loan class and nonspecific allowances based on general economic conditions, risk concentration and related factors. There have been no material changes in the approach or techniques utilized in developing the allowance for loan losses and the accrual for off-balance sheet credit losses for the three and six months ended June 30, 2014. | ||||||||||||||||||||||||||||||||||||
Loans are considered to be impaired when it becomes probable that BOK Financial will be unable to collect all amounts due according to the contractual terms of the loan agreements. Internally risk graded loans are evaluated individually for impairment. Substantially all commercial and commercial real estate loans and certain residential mortgage and consumer loans are risk graded based on evaluation of the borrowers' ability to repay. Certain commercial loans and most residential mortgage and consumer loans are small balance, homogeneous pools of loans that are not risk graded. Non-risk graded loans are identified as impaired based on performance status. Generally, non-risk graded loans 90 days or more past due or modified in a TDR or in bankruptcy are considered to be impaired. | ||||||||||||||||||||||||||||||||||||
Specific allowances for impaired loans are measured by an evaluation of estimated future cash flows discounted at the loans’ initial effective interest rate or the fair value of collateral for certain collateral dependent loans. Collateral value of real property is generally based on third party appraisals that conform to Uniform Standards of Professional Appraisal Practice, less estimated selling costs. Appraised values are on an "as-is" basis and are generally not adjusted by the Company. Updated appraisals are obtained at least annually or more frequently if market conditions indicate collateral values have declined. Collateral value of mineral rights is generally determined by our internal staff of engineers based on projected cash flows under current market conditions. Collateral values and available cash resources that support impaired loans are evaluated quarterly. Historical statistics may be used as a practical way to estimate impairment in limited situations, such as when a collateral dependent loan is identified as impaired at the end of a reporting period, until an updated appraisal of collateral value is received or a full assessment of future cash flows is completed. Estimates of future cash flows and collateral values require significant judgments and may be volatile. | ||||||||||||||||||||||||||||||||||||
General allowances for unimpaired loans are based on estimated loss rates by loan class. The gross loss rate for each loan class is determined by the greater of the current gross loss rate based on the most recent twelve months or a ten-year gross loss rate. Recoveries are not directly considered in the estimation of loss rates. Recoveries generally do not follow predictable patterns and are not received until well after the charge-off date as a result of protracted legal actions. For risk graded loans, gross loss rates are adjusted for changes in risk grading. For each loan class, the current weighted average risk grade is compared to the long-term average risk grade. This comparison determines whether credit risk in each loan class is increasing or decreasing. Loss rates are adjusted upward or downward in proportion to changes in average risk grading. General allowances for unimpaired loans also consider inherent risks identified for each loan class. Inherent risks consider loss rates that most appropriately represent the current credit cycle and other factors attributable to specific loan classes which have not yet been represented in the gross loss rates or risk grading. These factors include changes in commodity prices or engineering imprecision, which may affect the value of reserves that secure our energy loan portfolio, construction risk that may affect commercial real estate loans, changes in regulations and public policy that may disproportionately impact health care loans and changes in loan products. | ||||||||||||||||||||||||||||||||||||
Nonspecific allowances are maintained for risks beyond factors specific to a particular loan or loan class. These factors include trends in the economy of our primary lending areas, concentrations in large balance loans and other relevant factors. | ||||||||||||||||||||||||||||||||||||
An accrual for off-balance sheet credit losses is included in Other liabilities in the Consolidated Balance Sheets. The appropriateness of this accrual is determined in the same manner as the allowance for loan losses. | ||||||||||||||||||||||||||||||||||||
A provision for credit losses is charged against or credited to earnings in amounts necessary to maintain an appropriate allowance for credit losses. Recoveries of loans previously charged off are added to the allowance when received. | ||||||||||||||||||||||||||||||||||||
The activity in the allowance for loan losses and the allowance for off-balance sheet credit losses related to loan commitments and standby letters of credit for the three months ended June 30, 2014 is summarized as follows (in thousands): | ||||||||||||||||||||||||||||||||||||
Commercial | Commercial Real Estate | Residential Mortgage | Consumer | Nonspecific Allowance | Total | |||||||||||||||||||||||||||||||
Allowance for loan losses: | ||||||||||||||||||||||||||||||||||||
Beginning balance | $ | 85,246 | $ | 41,589 | $ | 28,307 | $ | 6,211 | $ | 26,965 | $ | 188,318 | ||||||||||||||||||||||||
Provision for loan losses | 1,393 | (2,958 | ) | 467 | 1,484 | (16 | ) | 370 | ||||||||||||||||||||||||||||
Loans charged off | (29 | ) | — | (1,842 | ) | (1,651 | ) | — | (3,522 | ) | ||||||||||||||||||||||||||
Recoveries | 1,196 | 2,621 | 722 | 985 | — | 5,524 | ||||||||||||||||||||||||||||||
Ending balance | $ | 87,806 | $ | 41,252 | $ | 27,654 | $ | 7,029 | $ | 26,949 | $ | 190,690 | ||||||||||||||||||||||||
Allowance for off-balance sheet credit losses: | ||||||||||||||||||||||||||||||||||||
Beginning balance | $ | 576 | $ | 1,040 | $ | 62 | $ | — | $ | — | $ | 1,678 | ||||||||||||||||||||||||
Provision for off-balance sheet credit losses | (231 | ) | (138 | ) | (19 | ) | 18 | — | (370 | ) | ||||||||||||||||||||||||||
Ending balance | $ | 345 | $ | 902 | $ | 43 | $ | 18 | $ | — | $ | 1,308 | ||||||||||||||||||||||||
Total provision for credit losses | $ | 1,162 | $ | (3,096 | ) | $ | 448 | $ | 1,502 | $ | (16 | ) | $ | — | ||||||||||||||||||||||
The activity in the allowance for loan losses and the allowance for off-balance sheet credit losses related to loan commitments and standby letters of credit for the six months ended June 30, 2014 is summarized as follows (in thousands): | ||||||||||||||||||||||||||||||||||||
Commercial | Commercial Real Estate | Residential Mortgage | Consumer | Nonspecific Allowance | Total | |||||||||||||||||||||||||||||||
Allowance for loan losses: | ||||||||||||||||||||||||||||||||||||
Beginning balance | $ | 79,180 | $ | 41,573 | $ | 29,465 | $ | 6,965 | $ | 28,213 | $ | 185,396 | ||||||||||||||||||||||||
Provision for loan losses | 5,618 | (4,549 | ) | (49 | ) | 1,024 | (1,264 | ) | 780 | |||||||||||||||||||||||||||
Loans charged off | (173 | ) | (220 | ) | (2,838 | ) | (3,139 | ) | — | (6,370 | ) | |||||||||||||||||||||||||
Recoveries | 3,181 | 4,448 | 1,076 | 2,179 | — | 10,884 | ||||||||||||||||||||||||||||||
Ending balance | $ | 87,806 | $ | 41,252 | $ | 27,654 | $ | 7,029 | $ | 26,949 | $ | 190,690 | ||||||||||||||||||||||||
Allowance for off-balance sheet credit losses: | ||||||||||||||||||||||||||||||||||||
Beginning balance | $ | 119 | $ | 1,876 | $ | 90 | $ | 3 | $ | — | $ | 2,088 | ||||||||||||||||||||||||
Provision for off-balance sheet credit losses | 226 | (974 | ) | (47 | ) | 15 | — | (780 | ) | |||||||||||||||||||||||||||
Ending balance | $ | 345 | $ | 902 | $ | 43 | $ | 18 | $ | — | $ | 1,308 | ||||||||||||||||||||||||
Total provision for credit losses | $ | 5,844 | $ | (5,523 | ) | $ | (96 | ) | $ | 1,039 | $ | (1,264 | ) | $ | — | |||||||||||||||||||||
The activity in the allowance for loan losses and the allowance for off-balance sheet credit losses related to loan commitments and standby letters of credit for the three months ended June 30, 2013 is summarized as follows (in thousands): | ||||||||||||||||||||||||||||||||||||
Commercial | Commercial Real Estate | Residential Mortgage | Consumer | Nonspecific Allowance | Total | |||||||||||||||||||||||||||||||
Allowance for loan losses: | ||||||||||||||||||||||||||||||||||||
Beginning balance | $ | 66,419 | $ | 48,528 | $ | 40,222 | $ | 7,984 | $ | 42,812 | $ | 205,965 | ||||||||||||||||||||||||
Provision for loan losses | 223 | (1,118 | ) | 597 | 162 | (363 | ) | (499 | ) | |||||||||||||||||||||||||||
Loans charged off | (4,538 | ) | (450 | ) | (2,057 | ) | (1,507 | ) | — | (8,552 | ) | |||||||||||||||||||||||||
Recoveries | 1,940 | 2,727 | 444 | 1,099 | — | 6,210 | ||||||||||||||||||||||||||||||
Ending balance | $ | 64,044 | $ | 49,687 | $ | 39,206 | $ | 7,738 | $ | 42,449 | $ | 203,124 | ||||||||||||||||||||||||
Allowance for off-balance sheet credit losses: | ||||||||||||||||||||||||||||||||||||
Beginning balance | $ | 405 | $ | 618 | $ | 72 | $ | 10 | $ | — | $ | 1,105 | ||||||||||||||||||||||||
Provision for off-balance sheet credit losses | (3 | ) | 560 | (66 | ) | 8 | — | 499 | ||||||||||||||||||||||||||||
Ending balance | $ | 402 | $ | 1,178 | $ | 6 | $ | 18 | $ | — | $ | 1,604 | ||||||||||||||||||||||||
Total provision for credit losses | $ | 220 | $ | (558 | ) | $ | 531 | $ | 170 | $ | (363 | ) | $ | — | ||||||||||||||||||||||
The activity in the allowance for loan losses and the allowance for off-balance sheet credit losses related to loan commitments and standby letters of credit for the six months ended June 30, 2013 is summarized as follows (in thousands): | ||||||||||||||||||||||||||||||||||||
Commercial | Commercial Real Estate | Residential Mortgage | Consumer | Nonspecific Allowance | Total | |||||||||||||||||||||||||||||||
Allowance for loan losses: | ||||||||||||||||||||||||||||||||||||
Beginning balance | $ | 65,280 | $ | 54,884 | $ | 41,703 | $ | 9,453 | $ | 44,187 | $ | 215,507 | ||||||||||||||||||||||||
Provision for loan losses | (1,733 | ) | (3,798 | ) | 323 | (743 | ) | (1,738 | ) | (7,689 | ) | |||||||||||||||||||||||||
Loans charged off | (4,836 | ) | (5,250 | ) | (3,836 | ) | (3,539 | ) | — | (17,461 | ) | |||||||||||||||||||||||||
Recoveries | 5,333 | 3,851 | 1,016 | 2,567 | — | 12,767 | ||||||||||||||||||||||||||||||
Ending balance | $ | 64,044 | $ | 49,687 | $ | 39,206 | $ | 7,738 | $ | 42,449 | $ | 203,124 | ||||||||||||||||||||||||
Allowance for off-balance sheet credit losses: | ||||||||||||||||||||||||||||||||||||
Beginning balance | $ | 475 | $ | 1,353 | $ | 78 | $ | 9 | $ | — | $ | 1,915 | ||||||||||||||||||||||||
Provision for off-balance sheet credit losses | (73 | ) | (175 | ) | (72 | ) | 9 | — | (311 | ) | ||||||||||||||||||||||||||
Ending balance | $ | 402 | $ | 1,178 | $ | 6 | $ | 18 | $ | — | $ | 1,604 | ||||||||||||||||||||||||
Total provision for credit losses | $ | (1,806 | ) | $ | (3,973 | ) | $ | 251 | $ | (734 | ) | $ | (1,738 | ) | $ | (8,000 | ) | |||||||||||||||||||
The allowance for loan losses and recorded investment of the related loans by portfolio segment for each impairment measurement method at June 30, 2014 is as follows (in thousands): | ||||||||||||||||||||||||||||||||||||
Collectively Measured | Individually Measured | Total | ||||||||||||||||||||||||||||||||||
for Impairment | for Impairment | |||||||||||||||||||||||||||||||||||
Recorded Investment | Related Allowance | Recorded Investment | Related Allowance | Recorded Investment | Related | |||||||||||||||||||||||||||||||
Allowance | ||||||||||||||||||||||||||||||||||||
Commercial | $ | 8,350,558 | $ | 84,639 | $ | 17,103 | $ | 3,167 | $ | 8,367,661 | $ | 87,806 | ||||||||||||||||||||||||
Commercial real estate | 2,620,506 | 41,069 | 34,472 | 183 | 2,654,978 | 41,252 | ||||||||||||||||||||||||||||||
Residential mortgage | 1,963,875 | 27,571 | 44,340 | 83 | 2,008,215 | 27,654 | ||||||||||||||||||||||||||||||
Consumer | 395,239 | 7,029 | 765 | — | 396,004 | 7,029 | ||||||||||||||||||||||||||||||
Total | 13,330,178 | 160,308 | 96,680 | 3,433 | 13,426,858 | 163,741 | ||||||||||||||||||||||||||||||
Nonspecific allowance | — | — | — | — | — | 26,949 | ||||||||||||||||||||||||||||||
Total | $ | 13,330,178 | $ | 160,308 | $ | 96,680 | $ | 3,433 | $ | 13,426,858 | $ | 190,690 | ||||||||||||||||||||||||
The allowance for loan losses and recorded investment of the related loans by portfolio segment for each impairment measurement method at December 31, 2013 is as follows (in thousands): | ||||||||||||||||||||||||||||||||||||
Collectively Measured | Individually Measured | Total | ||||||||||||||||||||||||||||||||||
for Impairment | for Impairment | |||||||||||||||||||||||||||||||||||
Recorded Investment | Related Allowance | Recorded Investment | Related Allowance | Recorded Investment | Related | |||||||||||||||||||||||||||||||
Allowance | ||||||||||||||||||||||||||||||||||||
Commercial | $ | 7,926,461 | $ | 78,607 | $ | 16,760 | $ | 573 | $ | 7,943,221 | $ | 79,180 | ||||||||||||||||||||||||
Commercial real estate | 2,374,503 | 41,440 | 40,850 | 133 | 2,415,353 | 41,573 | ||||||||||||||||||||||||||||||
Residential mortgage | 2,010,483 | 29,217 | 41,543 | 248 | 2,052,026 | 29,465 | ||||||||||||||||||||||||||||||
Consumer | 380,445 | 6,965 | 1,219 | — | 381,664 | 6,965 | ||||||||||||||||||||||||||||||
Total | 12,691,892 | 156,229 | 100,372 | 954 | 12,792,264 | 157,183 | ||||||||||||||||||||||||||||||
Nonspecific allowance | — | — | — | — | — | 28,213 | ||||||||||||||||||||||||||||||
Total | $ | 12,691,892 | $ | 156,229 | $ | 100,372 | $ | 954 | $ | 12,792,264 | $ | 185,396 | ||||||||||||||||||||||||
The allowance for loan losses and recorded investment of the related loans by portfolio segment for each impairment measurement method at June 30, 2013 is as follows (in thousands): | ||||||||||||||||||||||||||||||||||||
Collectively Measured | Individually Measured | Total | ||||||||||||||||||||||||||||||||||
for Impairment | for Impairment | |||||||||||||||||||||||||||||||||||
Recorded Investment | Related Allowance | Recorded Investment | Related Allowance | Recorded Investment | Related | |||||||||||||||||||||||||||||||
Allowance | ||||||||||||||||||||||||||||||||||||
Commercial | $ | 7,687,251 | $ | 63,492 | $ | 20,869 | $ | 552 | $ | 7,708,120 | $ | 64,044 | ||||||||||||||||||||||||
Commercial real estate | 2,258,403 | 48,493 | 58,693 | 1,194 | 2,317,096 | 49,687 | ||||||||||||||||||||||||||||||
Residential mortgage | 1,999,334 | 39,028 | 40,451 | 178 | 2,039,785 | 39,206 | ||||||||||||||||||||||||||||||
Consumer | 373,744 | 7,618 | 2,037 | 120 | 375,781 | 7,738 | ||||||||||||||||||||||||||||||
Total | 12,318,732 | 158,631 | 122,050 | 2,044 | 12,440,782 | 160,675 | ||||||||||||||||||||||||||||||
Nonspecific allowance | — | — | — | — | — | 42,449 | ||||||||||||||||||||||||||||||
Total | $ | 12,318,732 | $ | 158,631 | $ | 122,050 | $ | 2,044 | $ | 12,440,782 | $ | 203,124 | ||||||||||||||||||||||||
Credit Quality Indicators | ||||||||||||||||||||||||||||||||||||
The Company utilizes loan class and risk grading as primary credit quality indicators. Substantially all commercial and commercial real estate loans and certain residential mortgage and consumer loans are risk graded based on a quarterly evaluation of the borrowers’ ability to repay the loans. Certain commercial loans and most residential mortgage and consumer loans are small, homogeneous pools that are not risk graded. | ||||||||||||||||||||||||||||||||||||
The allowance for loan losses and recorded investment of the related loans by portfolio segment for risk graded and non-risk graded loans at June 30, 2014 is as follows (in thousands): | ||||||||||||||||||||||||||||||||||||
Internally Risk Graded | Non-Graded | Total | ||||||||||||||||||||||||||||||||||
Recorded Investment | Related Allowance | Recorded Investment | Related Allowance | Recorded Investment | Related | |||||||||||||||||||||||||||||||
Allowance | ||||||||||||||||||||||||||||||||||||
Commercial | $ | 8,341,114 | $ | 86,893 | $ | 26,547 | $ | 913 | $ | 8,367,661 | $ | 87,806 | ||||||||||||||||||||||||
Commercial real estate | 2,654,978 | 41,252 | — | — | 2,654,978 | 41,252 | ||||||||||||||||||||||||||||||
Residential mortgage | 203,097 | 4,169 | 1,805,118 | 23,485 | 2,008,215 | 27,654 | ||||||||||||||||||||||||||||||
Consumer | 295,762 | 2,980 | 100,242 | 4,049 | 396,004 | 7,029 | ||||||||||||||||||||||||||||||
Total | 11,494,951 | 135,294 | 1,931,907 | 28,447 | 13,426,858 | 163,741 | ||||||||||||||||||||||||||||||
Nonspecific allowance | — | — | — | — | — | 26,949 | ||||||||||||||||||||||||||||||
Total | $ | 11,494,951 | $ | 135,294 | $ | 1,931,907 | $ | 28,447 | $ | 13,426,858 | $ | 190,690 | ||||||||||||||||||||||||
The allowance for loan losses and recorded investment of the related loans by portfolio segment for risk graded and non-risk graded loans at December 31, 2013 is as follows (in thousands): | ||||||||||||||||||||||||||||||||||||
Internally Risk Graded | Non-Graded | Total | ||||||||||||||||||||||||||||||||||
Recorded Investment | Related Allowance | Recorded Investment | Related Allowance | Recorded Investment | Related | |||||||||||||||||||||||||||||||
Allowance | ||||||||||||||||||||||||||||||||||||
Commercial | $ | 7,888,219 | $ | 78,250 | $ | 55,002 | $ | 930 | $ | 7,943,221 | $ | 79,180 | ||||||||||||||||||||||||
Commercial real estate | 2,415,353 | 41,573 | — | — | 2,415,353 | 41,573 | ||||||||||||||||||||||||||||||
Residential mortgage | 220,635 | 5,481 | 1,831,391 | 23,984 | 2,052,026 | 29,465 | ||||||||||||||||||||||||||||||
Consumer | 265,533 | 2,657 | 116,131 | 4,308 | 381,664 | 6,965 | ||||||||||||||||||||||||||||||
Total | 10,789,740 | 127,961 | 2,002,524 | 29,222 | 12,792,264 | 157,183 | ||||||||||||||||||||||||||||||
Nonspecific allowance | — | — | — | — | — | 28,213 | ||||||||||||||||||||||||||||||
Total | $ | 10,789,740 | $ | 127,961 | $ | 2,002,524 | $ | 29,222 | $ | 12,792,264 | $ | 185,396 | ||||||||||||||||||||||||
The allowance for loan losses and recorded investment of the related loans by portfolio segment for risk graded and non-risk graded loans at June 30, 2013 is as follows (in thousands): | ||||||||||||||||||||||||||||||||||||
Internally Risk Graded | Non-Graded | Total | ||||||||||||||||||||||||||||||||||
Recorded Investment | Related Allowance | Recorded Investment | Related Allowance | Recorded Investment | Related | |||||||||||||||||||||||||||||||
Allowance | ||||||||||||||||||||||||||||||||||||
Commercial | $ | 7,689,954 | $ | 62,830 | $ | 18,166 | $ | 1,214 | $ | 7,708,120 | $ | 64,044 | ||||||||||||||||||||||||
Commercial real estate | 2,317,096 | 49,687 | — | — | 2,317,096 | 49,687 | ||||||||||||||||||||||||||||||
Residential mortgage | 230,359 | 3,753 | 1,809,426 | 35,453 | 2,039,785 | 39,206 | ||||||||||||||||||||||||||||||
Consumer | 243,384 | 2,316 | 132,397 | 5,422 | 375,781 | 7,738 | ||||||||||||||||||||||||||||||
Total | 10,480,793 | 118,586 | 1,959,989 | 42,089 | 12,440,782 | 160,675 | ||||||||||||||||||||||||||||||
Nonspecific allowance | — | — | — | — | — | 42,449 | ||||||||||||||||||||||||||||||
Total | $ | 10,480,793 | $ | 118,586 | $ | 1,959,989 | $ | 42,089 | $ | 12,440,782 | $ | 203,124 | ||||||||||||||||||||||||
Loans are considered to be performing if they are in compliance with the original terms of the agreement, which is consistent with the regulatory guideline of “pass.” Performing also includes loans considered to be “other loans especially mentioned” by regulatory guidelines. Other loans especially mentioned are in compliance with the original terms of the agreement but may have a weakness that deserves management’s close attention. Performing loans also include past due residential mortgages that are guaranteed by agencies of the U.S. government. | ||||||||||||||||||||||||||||||||||||
The risk grading process identified certain criticized loans as potential problem loans. These loans have a well-defined weakness (e.g. inadequate debt service coverage or liquidity or marginal capitalization; repayment may depend on collateral or other risk mitigation) that may jeopardize liquidation of the debt and represent a greater risk due to deterioration in the financial condition of the borrower. This is consistent with the regulatory guideline for “substandard.” Because the borrowers are still performing in accordance with the original terms of the loan agreements, these loans were not placed in nonaccruing status. Known information does, however, cause concern as to the borrowers’ continued compliance with current repayment terms. Nonaccruing loans represent loans for which full collection of principal and interest is uncertain. This is substantially the same criteria used to determine whether a loan is impaired and includes certain loans considered “substandard” and all loans considered “doubtful” by regulatory guidelines. | ||||||||||||||||||||||||||||||||||||
The following table summarizes the Company’s loan portfolio at June 30, 2014 by the risk grade categories (in thousands): | ||||||||||||||||||||||||||||||||||||
Internally Risk Graded | Non-Graded | |||||||||||||||||||||||||||||||||||
Performing | Potential Problem | Nonaccrual | Performing | Nonaccrual | Total | |||||||||||||||||||||||||||||||
Commercial: | ||||||||||||||||||||||||||||||||||||
Energy | $ | 2,395,942 | $ | 22,227 | $ | 1,619 | $ | — | $ | — | $ | 2,419,788 | ||||||||||||||||||||||||
Services | 2,352,450 | 20,946 | 3,669 | — | — | 2,377,065 | ||||||||||||||||||||||||||||||
Wholesale/retail | 1,307,426 | 4,840 | 5,885 | — | — | 1,318,151 | ||||||||||||||||||||||||||||||
Manufacturing | 442,493 | 6,866 | 3,507 | — | — | 452,866 | ||||||||||||||||||||||||||||||
Healthcare | 1,385,395 | 7,339 | 1,422 | — | — | 1,394,156 | ||||||||||||||||||||||||||||||
Other commercial and industrial | 374,556 | 3,593 | 939 | 26,485 | 62 | 405,635 | ||||||||||||||||||||||||||||||
Total commercial | 8,258,262 | 65,811 | 17,041 | 26,485 | 62 | 8,367,661 | ||||||||||||||||||||||||||||||
Commercial real estate: | ||||||||||||||||||||||||||||||||||||
Residential construction and land development | 152,228 | 17,405 | 15,146 | — | — | 184,779 | ||||||||||||||||||||||||||||||
Retail | 636,332 | 1,579 | 4,199 | — | — | 642,110 | ||||||||||||||||||||||||||||||
Office | 389,487 | 1,139 | 3,591 | — | — | 394,217 | ||||||||||||||||||||||||||||||
Multifamily | 663,349 | 14,054 | — | — | — | 677,403 | ||||||||||||||||||||||||||||||
Industrial | 341,449 | — | 631 | — | — | 342,080 | ||||||||||||||||||||||||||||||
Other commercial real estate | 400,709 | 2,775 | 10,905 | — | — | 414,389 | ||||||||||||||||||||||||||||||
Total commercial real estate | 2,583,554 | 36,952 | 34,472 | — | — | 2,654,978 | ||||||||||||||||||||||||||||||
Residential mortgage: | ||||||||||||||||||||||||||||||||||||
Permanent mortgage | 197,005 | 2,187 | 3,905 | 788,784 | 29,047 | 1,020,928 | ||||||||||||||||||||||||||||||
Permanent mortgages guaranteed by U.S. government agencies | — | — | — | 186,140 | 1,947 | 188,087 | ||||||||||||||||||||||||||||||
Home equity | — | — | — | 789,759 | 9,441 | 799,200 | ||||||||||||||||||||||||||||||
Total residential mortgage | 197,005 | 2,187 | 3,905 | 1,764,683 | 40,435 | 2,008,215 | ||||||||||||||||||||||||||||||
Consumer | 295,552 | 25 | 185 | 99,662 | 580 | 396,004 | ||||||||||||||||||||||||||||||
Total | $ | 11,334,373 | $ | 104,975 | $ | 55,603 | $ | 1,890,830 | $ | 41,077 | $ | 13,426,858 | ||||||||||||||||||||||||
The following table summarizes the Company’s loan portfolio at December 31, 2013 by the risk grade categories (in thousands): | ||||||||||||||||||||||||||||||||||||
Internally Risk Graded | Non-Graded | |||||||||||||||||||||||||||||||||||
Performing | Potential Problem | Nonaccrual | Performing | Nonaccrual | Total | |||||||||||||||||||||||||||||||
Commercial: | ||||||||||||||||||||||||||||||||||||
Energy | $ | 2,347,519 | $ | 2,381 | $ | 1,860 | $ | — | $ | — | $ | 2,351,760 | ||||||||||||||||||||||||
Services | 2,265,984 | 11,304 | 4,922 | — | — | 2,282,210 | ||||||||||||||||||||||||||||||
Wholesale/retail | 1,191,791 | 2,604 | 6,969 | — | — | 1,201,364 | ||||||||||||||||||||||||||||||
Manufacturing | 381,794 | 9,365 | 592 | — | — | 391,751 | ||||||||||||||||||||||||||||||
Healthcare | 1,272,626 | 34 | 1,586 | — | — | 1,274,246 | ||||||||||||||||||||||||||||||
Other commercial and industrial | 381,394 | 4,736 | 758 | 54,929 | 73 | 441,890 | ||||||||||||||||||||||||||||||
Total commercial | 7,841,108 | 30,424 | 16,687 | 54,929 | 73 | 7,943,221 | ||||||||||||||||||||||||||||||
Commercial real estate: | ||||||||||||||||||||||||||||||||||||
Residential construction and land development | 173,488 | 15,393 | 17,377 | — | — | 206,258 | ||||||||||||||||||||||||||||||
Retail | 579,506 | 1,684 | 4,857 | — | — | 586,047 | ||||||||||||||||||||||||||||||
Office | 403,951 | 1,157 | 6,391 | — | — | 411,499 | ||||||||||||||||||||||||||||||
Multifamily | 562,800 | 13,695 | 7 | — | — | 576,502 | ||||||||||||||||||||||||||||||
Industrial | 243,625 | — | 252 | — | — | 243,877 | ||||||||||||||||||||||||||||||
Other commercial real estate | 371,628 | 7,576 | 11,966 | — | — | 391,170 | ||||||||||||||||||||||||||||||
Total commercial real estate | 2,334,998 | 39,505 | 40,850 | — | — | 2,415,353 | ||||||||||||||||||||||||||||||
Residential mortgage: | ||||||||||||||||||||||||||||||||||||
Permanent mortgage | 210,142 | 3,283 | 7,210 | 815,040 | 27,069 | 1,062,744 | ||||||||||||||||||||||||||||||
Permanent mortgages guaranteed by U.S. government agencies | — | — | — | 180,821 | 777 | 181,598 | ||||||||||||||||||||||||||||||
Home equity | — | — | — | 800,420 | 7,264 | 807,684 | ||||||||||||||||||||||||||||||
Total residential mortgage | 210,142 | 3,283 | 7,210 | 1,796,281 | 35,110 | 2,052,026 | ||||||||||||||||||||||||||||||
Consumer | 264,536 | 795 | 202 | 115,114 | 1,017 | 381,664 | ||||||||||||||||||||||||||||||
Total | $ | 10,650,784 | $ | 74,007 | $ | 64,949 | $ | 1,966,324 | $ | 36,200 | $ | 12,792,264 | ||||||||||||||||||||||||
The following table summarizes the Company’s loan portfolio at June 30, 2013 by the risk grade categories (in thousands): | ||||||||||||||||||||||||||||||||||||
Internally Risk Graded | Non-Graded | |||||||||||||||||||||||||||||||||||
Performing | Potential Problem | Nonaccrual | Performing | Nonaccrual | Total | |||||||||||||||||||||||||||||||
Commercial: | ||||||||||||||||||||||||||||||||||||
Energy | $ | 2,378,187 | $ | 4,282 | $ | 2,277 | $ | — | $ | — | $ | 2,384,746 | ||||||||||||||||||||||||
Services | 2,170,695 | 26,110 | 7,448 | — | — | 2,204,253 | ||||||||||||||||||||||||||||||
Wholesale/retail | 1,167,215 | 1,628 | 6,700 | — | — | 1,175,543 | ||||||||||||||||||||||||||||||
Manufacturing | 381,729 | 3,528 | 876 | — | — | 386,133 | ||||||||||||||||||||||||||||||
Healthcare | 1,116,089 | 51 | 2,670 | — | — | 1,118,810 | ||||||||||||||||||||||||||||||
Other commercial and industrial | 410,237 | 9,395 | 837 | 18,105 | 61 | 438,635 | ||||||||||||||||||||||||||||||
Total commercial | 7,624,152 | 44,994 | 20,808 | 18,105 | 61 | 7,708,120 | ||||||||||||||||||||||||||||||
Commercial real estate: | ||||||||||||||||||||||||||||||||||||
Residential construction and land development | 184,216 | 20,303 | 21,135 | — | — | 225,654 | ||||||||||||||||||||||||||||||
Retail | 540,872 | 4,134 | 8,406 | — | — | 553,412 | ||||||||||||||||||||||||||||||
Office | 450,790 | 940 | 7,828 | — | — | 459,558 | ||||||||||||||||||||||||||||||
Multifamily | 491,864 | 2,141 | 6,447 | — | — | 500,452 | ||||||||||||||||||||||||||||||
Industrial | 253,732 | 258 | — | — | — | 253,990 | ||||||||||||||||||||||||||||||
Other commercial real estate | 296,864 | 12,289 | 14,877 | — | — | 324,030 | ||||||||||||||||||||||||||||||
Total commercial real estate | 2,218,338 | 40,065 | 58,693 | — | — | 2,317,096 | ||||||||||||||||||||||||||||||
Residential mortgage: | ||||||||||||||||||||||||||||||||||||
Permanent mortgage | 219,222 | 4,789 | 6,348 | 839,113 | 26,399 | 1,095,871 | ||||||||||||||||||||||||||||||
Permanent mortgages guaranteed by U.S. government agencies | — | — | — | 156,804 | 83 | 156,887 | ||||||||||||||||||||||||||||||
Home equity | — | — | — | 779,323 | 7,704 | 787,027 | ||||||||||||||||||||||||||||||
Total residential mortgage | 219,222 | 4,789 | 6,348 | 1,775,240 | 34,186 | 2,039,785 | ||||||||||||||||||||||||||||||
Consumer | 242,059 | 930 | 395 | 130,755 | 1,642 | 375,781 | ||||||||||||||||||||||||||||||
Total | $ | 10,303,771 | $ | 90,778 | $ | 86,244 | $ | 1,924,100 | $ | 35,889 | $ | 12,440,782 | ||||||||||||||||||||||||
Impaired Loans | ||||||||||||||||||||||||||||||||||||
Loans are considered to be impaired when it is probable that the Company will not be able to collect all amounts due according to the contractual terms of the loan agreement. This includes all nonaccruing loans, all loans modified in a TDR and all loans repurchased from GNMA pools. | ||||||||||||||||||||||||||||||||||||
A summary of impaired loans follows (in thousands): | ||||||||||||||||||||||||||||||||||||
As of | For the | For the | ||||||||||||||||||||||||||||||||||
June 30, 2014 | Three Months Ended | Six Months Ended | ||||||||||||||||||||||||||||||||||
Recorded Investment | June 30, 2014 | June 30, 2014 | ||||||||||||||||||||||||||||||||||
Unpaid | Total | With No | With Allowance | Related Allowance | Average Recorded | Interest Income Recognized | Average Recorded | Interest Income Recognized | ||||||||||||||||||||||||||||
Principal | Allowance | Investment | Investment | |||||||||||||||||||||||||||||||||
Balance | ||||||||||||||||||||||||||||||||||||
Commercial: | ||||||||||||||||||||||||||||||||||||
Energy | $ | 1,646 | $ | 1,619 | $ | 1,619 | $ | — | $ | — | $ | 1,689 | $ | — | $ | 1,739 | $ | — | ||||||||||||||||||
Services | 6,530 | 3,669 | 2,917 | 752 | 158 | 4,125 | — | 4,295 | — | |||||||||||||||||||||||||||
Wholesale/retail | 10,966 | 5,885 | 5,853 | 32 | 9 | 6,369 | — | 6,427 | — | |||||||||||||||||||||||||||
Manufacturing | 3,764 | 3,507 | 507 | 3,000 | 3,000 | 3,536 | — | 2,050 | — | |||||||||||||||||||||||||||
Healthcare | 2,438 | 1,422 | 1,422 | — | — | 1,433 | — | 1,504 | — | |||||||||||||||||||||||||||
Other commercial and industrial | 8,668 | 1,001 | 1,001 | — | — | 923 | — | 916 | — | |||||||||||||||||||||||||||
Total commercial | 34,012 | 17,103 | 13,319 | 3,784 | 3,167 | 18,075 | — | 16,931 | — | |||||||||||||||||||||||||||
Commercial real estate: | ||||||||||||||||||||||||||||||||||||
Residential construction and land development | 19,441 | 15,146 | 14,504 | 642 | 162 | 15,846 | — | 16,261 | — | |||||||||||||||||||||||||||
Retail | 5,679 | 4,199 | 4,199 | — | — | 4,413 | — | 4,529 | — | |||||||||||||||||||||||||||
Office | 6,039 | 3,591 | 3,588 | 3 | 3 | 4,946 | — | 4,991 | — | |||||||||||||||||||||||||||
Multifamily | — | — | — | — | — | — | — | 3 | — | |||||||||||||||||||||||||||
Industrial | 790 | 631 | 631 | — | — | 758 | — | 441 | — | |||||||||||||||||||||||||||
Other real estate loans | 17,617 | 10,905 | 10,725 | 180 | 18 | 10,925 | — | 11,436 | — | |||||||||||||||||||||||||||
Total commercial real estate | 49,566 | 34,472 | 33,647 | 825 | 183 | 36,888 | — | 37,661 | — | |||||||||||||||||||||||||||
Residential mortgage: | ||||||||||||||||||||||||||||||||||||
Permanent mortgage | 41,646 | 32,952 | 32,817 | 135 | 83 | 34,647 | 293 | 33,615 | 638 | |||||||||||||||||||||||||||
Permanent mortgage guaranteed by U.S. government agencies1 | 194,178 | 188,087 | 188,087 | — | — | 187,505 | 2,054 | 187,247 | 4,190 | |||||||||||||||||||||||||||
Home equity | 9,482 | 9,441 | 9,441 | — | — | 8,453 | — | 8,353 | — | |||||||||||||||||||||||||||
Total residential mortgage | 245,306 | 230,480 | 230,345 | 135 | 83 | 230,605 | 2,347 | 229,215 | 4,828 | |||||||||||||||||||||||||||
Consumer | 781 | 765 | 765 | — | — | 870 | — | 992 | — | |||||||||||||||||||||||||||
Total | $ | 329,665 | $ | 282,820 | $ | 278,076 | $ | 4,744 | $ | 3,433 | $ | 286,438 | $ | 2,347 | $ | 284,799 | $ | 4,828 | ||||||||||||||||||
1 | All permanent mortgage loans guaranteed by U.S. government agencies are considered impaired as we do not expect full collection of contractual principal and interest. At June 30, 2014, $1.9 million of these loans were nonaccruing and $186 million were accruing based on the guarantee by U.S. government agencies. | |||||||||||||||||||||||||||||||||||
Generally, no interest income is recognized on impaired loans until all principal balances, including amounts charged-off, are recovered. | ||||||||||||||||||||||||||||||||||||
A summary of impaired loans at December 31, 2013 follows (in thousands): | ||||||||||||||||||||||||||||||||||||
Recorded Investment | ||||||||||||||||||||||||||||||||||||
Unpaid | Total | With No | With Allowance | Related Allowance | ||||||||||||||||||||||||||||||||
Principal | Allowance | |||||||||||||||||||||||||||||||||||
Balance | ||||||||||||||||||||||||||||||||||||
Commercial: | ||||||||||||||||||||||||||||||||||||
Energy | $ | 1,860 | $ | 1,860 | $ | 1,860 | $ | — | $ | — | ||||||||||||||||||||||||||
Services | 6,486 | 4,922 | 3,791 | 1,131 | 516 | |||||||||||||||||||||||||||||||
Wholesale/retail | 11,009 | 6,969 | 6,937 | 32 | 9 | |||||||||||||||||||||||||||||||
Manufacturing | 746 | 592 | 592 | — | — | |||||||||||||||||||||||||||||||
Healthcare | 2,193 | 1,586 | 1,538 | 48 | 48 | |||||||||||||||||||||||||||||||
Other commercial and industrial | 8,532 | 831 | 831 | — | — | |||||||||||||||||||||||||||||||
Total commercial | 30,826 | 16,760 | 15,549 | 1,211 | 573 | |||||||||||||||||||||||||||||||
Commercial real estate: | ||||||||||||||||||||||||||||||||||||
Residential construction and land development | 20,804 | 17,377 | 17,050 | 327 | 107 | |||||||||||||||||||||||||||||||
Retail | 6,133 | 4,857 | 4,857 | — | — | |||||||||||||||||||||||||||||||
Office | 7,848 | 6,391 | 6,383 | 8 | 8 | |||||||||||||||||||||||||||||||
Multifamily | 7 | 7 | 7 | — | — | |||||||||||||||||||||||||||||||
Industrial | 252 | 252 | 252 | — | — | |||||||||||||||||||||||||||||||
Other real estate loans | 14,593 | 11,966 | 11,779 | 187 | 18 | |||||||||||||||||||||||||||||||
Total commercial real estate | 49,637 | 40,850 | 40,328 | 522 | 133 | |||||||||||||||||||||||||||||||
Residential mortgage: | ||||||||||||||||||||||||||||||||||||
Permanent mortgage | 41,870 | 34,279 | 33,869 | 410 | 248 | |||||||||||||||||||||||||||||||
Permanent mortgage guaranteed by U.S. government agencies1 | 188,436 | 181,598 | 181,598 | — | — | |||||||||||||||||||||||||||||||
Home equity | 7,537 | 7,264 | 7,264 | — | — | |||||||||||||||||||||||||||||||
Total residential mortgage | 237,843 | 223,141 | 222,731 | 410 | 248 | |||||||||||||||||||||||||||||||
Total consumer | 1,228 | 1,219 | 1,219 | — | — | |||||||||||||||||||||||||||||||
Total | $ | 319,534 | $ | 281,970 | $ | 279,827 | $ | 2,143 | $ | 954 | ||||||||||||||||||||||||||
1 | All permanent mortgage loans guaranteed by U.S. government agencies are considered impaired as we do not expect full collection of contractual principal and interest. At December 31, 2013, $777 thousand of these loans were nonaccruing and $181 million were accruing based on the guarantee by U.S. government agencies. | |||||||||||||||||||||||||||||||||||
A summary of impaired loans at June 30, 2013 follows (in thousands): | ||||||||||||||||||||||||||||||||||||
As of | For the | For the | ||||||||||||||||||||||||||||||||||
As of June 30, 2013 | Three Months Ended | Six Months Ended | ||||||||||||||||||||||||||||||||||
Recorded Investment | June 30, 2013 | June 30, 2013 | ||||||||||||||||||||||||||||||||||
Unpaid | Total | With No | With Allowance | Related Allowance | Average Recorded | Interest Income Recognized | Average Recorded | Interest Income Recognized | ||||||||||||||||||||||||||||
Principal | Allowance | Investment | Investment | |||||||||||||||||||||||||||||||||
Balance | ||||||||||||||||||||||||||||||||||||
Commercial: | ||||||||||||||||||||||||||||||||||||
Energy | $ | 2,277 | $ | 2,277 | $ | 2,277 | $ | — | $ | — | $ | 2,327 | $ | — | $ | 2,369 | $ | — | ||||||||||||||||||
Services | 9,631 | 7,448 | 6,283 | 1,165 | 493 | 8,461 | — | 9,769 | — | |||||||||||||||||||||||||||
Wholesale/retail | 10,916 | 6,700 | 6,656 | 44 | 11 | 4,470 | — | 4,889 | — | |||||||||||||||||||||||||||
Manufacturing | 1,168 | 876 | 876 | — | — | 1,362 | — | 1,442 | — | |||||||||||||||||||||||||||
Healthcare | 3,357 | 2,670 | 2,622 | 48 | 48 | 2,816 | — | 2,918 | — | |||||||||||||||||||||||||||
Other commercial and industrial | 8,398 | 898 | 898 | — | — | 930 | — | 1,283 | — | |||||||||||||||||||||||||||
Total commercial | 35,747 | 20,869 | 19,612 | 1,257 | 552 | 20,366 | — | 22,670 | — | |||||||||||||||||||||||||||
Commercial real estate: | ||||||||||||||||||||||||||||||||||||
Residential construction and land development | 24,752 | 21,135 | 20,841 | 294 | 102 | 22,299 | — | 23,633 | — | |||||||||||||||||||||||||||
Retail | 9,827 | 8,406 | 8,406 | — | — | 8,664 | — | 8,262 | — | |||||||||||||||||||||||||||
Office | 9,245 | 7,828 | 7,820 | 8 | 8 | 10,340 | — | 7,329 | — | |||||||||||||||||||||||||||
Multifamily | 6,447 | 6,447 | 4,415 | 2,032 | 196 | 5,474 | — | 4,577 | — | |||||||||||||||||||||||||||
Industrial | — | — | — | — | — | 1,099 | — | 1,984 | — | |||||||||||||||||||||||||||
Other real estate loans | 17,196 | 14,877 | 13,113 | 1,764 | 888 | 14,060 | — | 13,876 | — | |||||||||||||||||||||||||||
Total commercial real estate | 67,467 | 58,693 | 54,595 | 4,098 | 1,194 | 61,936 | — | 59,661 | — | |||||||||||||||||||||||||||
Residential mortgage: | ||||||||||||||||||||||||||||||||||||
Permanent mortgage | 42,983 | 32,747 | 32,495 | 252 | 178 | 35,450 | 285 | 36,304 | 603 | |||||||||||||||||||||||||||
Permanent mortgage guaranteed by U.S. government agencies1 | 165,431 | 156,887 | 156,887 | — | — | 158,038 | 1,628 | 162,256 | 3,408 | |||||||||||||||||||||||||||
Home equity | 7,704 | 7,704 | 7,704 | — | — | 7,382 | — | 6,980 | — | |||||||||||||||||||||||||||
Total residential mortgage | 216,118 | 197,338 | 197,086 | 252 | 178 | 200,870 | 1,913 | 205,540 | 4,011 | |||||||||||||||||||||||||||
Total consumer | 2,103 | 2,037 | 1,917 | 120 | 120 | 2,105 | — | 2,373 | — | |||||||||||||||||||||||||||
Total | $ | 321,435 | $ | 278,937 | $ | 273,210 | $ | 5,727 | $ | 2,044 | $ | 285,277 | $ | 1,913 | $ | 290,244 | $ | 4,011 | ||||||||||||||||||
1 | All permanent mortgage loans guaranteed by U.S. government agencies are considered impaired as we do not expect full collection of contractual principal and interest. At June 30, 2013, $83 thousand of these loans were nonaccruing and $157 million were accruing based on the guarantee by U.S. government agencies. | |||||||||||||||||||||||||||||||||||
Troubled Debt Restructurings | ||||||||||||||||||||||||||||||||||||
A summary of troubled debt restructurings ("TDRs") by accruing status as of June 30, 2014 is as follows (in thousands): | ||||||||||||||||||||||||||||||||||||
As of June 30, 2014 | Amounts Charged Off During | |||||||||||||||||||||||||||||||||||
Recorded | Performing in Accordance With Modified Terms | Not | Specific | Three Months Ended June 30, 2014 | Six Months Ended | |||||||||||||||||||||||||||||||
Investment | Performing in Accordance With Modified Terms | Allowance | 30-Jun-14 | |||||||||||||||||||||||||||||||||
Nonaccruing TDRs: | ||||||||||||||||||||||||||||||||||||
Commercial: | ||||||||||||||||||||||||||||||||||||
Energy | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||||||||
Services | 1,762 | 742 | 1,020 | 148 | — | — | ||||||||||||||||||||||||||||||
Wholesale/retail | 3,719 | 3,598 | 121 | 9 | — | — | ||||||||||||||||||||||||||||||
Manufacturing | 3,369 | 369 | 3,000 | 3,000 | — | — | ||||||||||||||||||||||||||||||
Healthcare | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Other commercial and industrial | 726 | 54 | 672 | — | — | — | ||||||||||||||||||||||||||||||
Total commercial | 9,576 | 4,763 | 4,813 | 3,157 | — | — | ||||||||||||||||||||||||||||||
Commercial real estate: | ||||||||||||||||||||||||||||||||||||
Residential construction and land development | 9,482 | 1,622 | 7,860 | 162 | — | — | ||||||||||||||||||||||||||||||
Retail | 3,727 | 2,535 | 1,192 | — | — | — | ||||||||||||||||||||||||||||||
Office | 2,378 | 1,416 | 962 | — | — | — | ||||||||||||||||||||||||||||||
Multifamily | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Industrial | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Other real estate loans | 3,151 | 3,151 | — | — | — | — | ||||||||||||||||||||||||||||||
Total commercial real estate | 18,738 | 8,724 | 10,014 | 162 | — | — | ||||||||||||||||||||||||||||||
Residential mortgage: | ||||||||||||||||||||||||||||||||||||
Permanent mortgage | 17,182 | 11,605 | 5,577 | 83 | 107 | 108 | ||||||||||||||||||||||||||||||
Permanent mortgage guaranteed by U.S. government agencies | 855 | 180 | 675 | — | — | — | ||||||||||||||||||||||||||||||
Home equity | 5,076 | 3,923 | 1,153 | — | 52 | 65 | ||||||||||||||||||||||||||||||
Total residential mortgage | 23,113 | 15,708 | 7,405 | 83 | 159 | 173 | ||||||||||||||||||||||||||||||
Consumer | 610 | 440 | 170 | — | 1 | 1 | ||||||||||||||||||||||||||||||
Total nonaccruing TDRs | $ | 52,037 | $ | 29,635 | $ | 22,402 | $ | 3,402 | $ | 160 | $ | 174 | ||||||||||||||||||||||||
Accruing TDRs: | ||||||||||||||||||||||||||||||||||||
Permanent mortgages guaranteed by U.S. government agencies | 57,818 | 17,269 | 40,549 | — | — | — | ||||||||||||||||||||||||||||||
Total TDRs | $ | 109,855 | $ | 46,904 | $ | 62,951 | $ | 3,402 | $ | 160 | $ | 174 | ||||||||||||||||||||||||
A summary of troubled debt restructurings by accruing status as of December 31, 2013 is as follows (in thousands): | ||||||||||||||||||||||||||||||||||||
As of | ||||||||||||||||||||||||||||||||||||
December 31, 2013 | ||||||||||||||||||||||||||||||||||||
Recorded | Performing in Accordance With Modified Terms | Not | Specific | |||||||||||||||||||||||||||||||||
Investment | Performing in Accordance With Modified Terms | Allowance | ||||||||||||||||||||||||||||||||||
Nonaccruing TDRs: | ||||||||||||||||||||||||||||||||||||
Commercial: | ||||||||||||||||||||||||||||||||||||
Energy | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||||||||||||
Services | 2,235 | 852 | 1,383 | 237 | ||||||||||||||||||||||||||||||||
Wholesale/retail | 235 | 89 | 146 | 9 | ||||||||||||||||||||||||||||||||
Manufacturing | 391 | — | 391 | — | ||||||||||||||||||||||||||||||||
Healthcare | — | — | — | — | ||||||||||||||||||||||||||||||||
Other commercial and industrial | 771 | 173 | 598 | — | ||||||||||||||||||||||||||||||||
Total commercial | 3,632 | 1,114 | 2,518 | 246 | ||||||||||||||||||||||||||||||||
Commercial real estate: | ||||||||||||||||||||||||||||||||||||
Residential construction and land development | 10,148 | 1,444 | 8,704 | 107 | ||||||||||||||||||||||||||||||||
Retail | 4,359 | 3,141 | 1,218 | — | ||||||||||||||||||||||||||||||||
Office | 5,059 | 3,872 | 1,187 | — | ||||||||||||||||||||||||||||||||
Multifamily | — | — | — | — | ||||||||||||||||||||||||||||||||
Industrial | — | — | — | — | ||||||||||||||||||||||||||||||||
Other real estate loans | 5,011 | 2,885 | 2,126 | — | ||||||||||||||||||||||||||||||||
Total commercial real estate | 24,577 | 11,342 | 13,235 | 107 | ||||||||||||||||||||||||||||||||
Residential mortgage: | ||||||||||||||||||||||||||||||||||||
Permanent mortgage | 18,697 | 12,214 | 6,483 | 88 | ||||||||||||||||||||||||||||||||
Home equity | 4,045 | 3,531 | 514 | — | ||||||||||||||||||||||||||||||||
Total residential mortgage | 22,742 | 15,745 | 6,997 | 88 | ||||||||||||||||||||||||||||||||
Consumer | 1,008 | 758 | 250 | — | ||||||||||||||||||||||||||||||||
Total nonaccuring TDRs | $ | 51,959 | $ | 28,959 | $ | 23,000 | $ | 441 | ||||||||||||||||||||||||||||
Accruing TDRs: | ||||||||||||||||||||||||||||||||||||
Permanent mortgages guaranteed by U.S. government agencies | 54,322 | 13,384 | 40,938 | — | ||||||||||||||||||||||||||||||||
Total TDRs | $ | 106,281 | $ | 42,343 | $ | 63,938 | $ | 441 | ||||||||||||||||||||||||||||
A summary of troubled debt restructurings by accruing status as of June 30, 2013 is as follows (in thousands): | ||||||||||||||||||||||||||||||||||||
As of June 30, 2013 | Amount Charged Off During | |||||||||||||||||||||||||||||||||||
Recorded | Performing in Accordance With Modified Terms | Not | Specific | Three Months Ended June 30, 2013 | Six Months Ended | |||||||||||||||||||||||||||||||
Investment | Performing in Accordance With Modified Terms | Allowance | 30-Jun-13 | |||||||||||||||||||||||||||||||||
Nonaccruing TDRs: | ||||||||||||||||||||||||||||||||||||
Commercial: | ||||||||||||||||||||||||||||||||||||
Energy | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||||||||
Services | 3,065 | 710 | 2,355 | 228 | — | — | ||||||||||||||||||||||||||||||
Wholesale/retail | 1,107 | 968 | 139 | 12 | — | — | ||||||||||||||||||||||||||||||
Manufacturing | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Healthcare | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Other commercial and industrial | 821 | 189 | 632 | — | — | — | ||||||||||||||||||||||||||||||
Total commercial | 4,993 | 1,867 | 3,126 | 240 | — | — | ||||||||||||||||||||||||||||||
Commercial real estate: | ||||||||||||||||||||||||||||||||||||
Residential construction and land development | 11,734 | 1,934 | 9,800 | 23 | 54 | 54 | ||||||||||||||||||||||||||||||
Retail | 5,681 | 1,604 | 4,077 | — | — | 627 | ||||||||||||||||||||||||||||||
Office | 5,488 | 1,313 | 4,175 | — | 77 | 77 | ||||||||||||||||||||||||||||||
Multifamily | 990 | 208 | 782 | — | — | — | ||||||||||||||||||||||||||||||
Industrial | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Other real estate loans | 8,746 | 3,739 | 5,007 | — | — | — | ||||||||||||||||||||||||||||||
Total commercial real estate | 32,639 | 8,798 | 23,841 | 23 | 131 | 758 | ||||||||||||||||||||||||||||||
Residential mortgage: | ||||||||||||||||||||||||||||||||||||
Permanent mortgage | 17,639 | 10,917 | 6,722 | 54 | 8 | 348 | ||||||||||||||||||||||||||||||
Home equity | 3,504 | 3,264 | 240 | — | 69 | 69 | ||||||||||||||||||||||||||||||
Total residential mortgage | 21,143 | 14,181 | 6,962 | 54 | 77 | 417 | ||||||||||||||||||||||||||||||
Consumer | 1,542 | 1,324 | 218 | 78 | — | 1 | ||||||||||||||||||||||||||||||
Total nonaccruing TDRs | $ | 60,317 | $ | 26,170 | $ | 34,147 | $ | 395 | $ | 208 | $ | 1,176 | ||||||||||||||||||||||||
Accruing TDRs: | ||||||||||||||||||||||||||||||||||||
Permanent mortgages guaranteed by U.S. government agencies | 48,733 | 12,598 | 36,135 | — | — | — | ||||||||||||||||||||||||||||||
Total TDRs | $ | 109,050 | $ | 38,768 | $ | 70,282 | $ | 395 | $ | 208 | $ | 1,176 | ||||||||||||||||||||||||
Troubled debt restructurings generally consist of interest rate concessions, payment stream concessions or a combination of concessions to distressed borrowers. The following tables detail the recorded balance of loans at June 30, 2014 by class that were restructured during the three and six months ended June 30, 2014 by primary type of concession (in thousands): | ||||||||||||||||||||||||||||||||||||
Three Months Ended | ||||||||||||||||||||||||||||||||||||
30-Jun-14 | ||||||||||||||||||||||||||||||||||||
Accruing | Nonaccrual | Total | ||||||||||||||||||||||||||||||||||
Payment Stream | Combination & Other | Total | Interest Rate | Payment Stream | Combination & Other | Total | ||||||||||||||||||||||||||||||
Commercial: | ||||||||||||||||||||||||||||||||||||
Energy | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||||
Services | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||
Wholesale/retail | — | — | — | — | 3,542 | — | 3,542 | 3,542 | ||||||||||||||||||||||||||||
Manufacturing | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||
Healthcare | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||
Other commercial and industrial | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||
Total commercial | — | — | — | — | 3,542 | — | 3,542 | 3,542 | ||||||||||||||||||||||||||||
Commercial real estate: | ||||||||||||||||||||||||||||||||||||
Residential construction and land development | — | — | — | — | — | 307 | 307 | 307 | ||||||||||||||||||||||||||||
Retail | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||
Office | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||
Multifamily | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||
Industrial | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||
Other real estate loans | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||
Total commercial real estate | — | — | — | — | — | 307 | 307 | 307 | ||||||||||||||||||||||||||||
Residential mortgage: | ||||||||||||||||||||||||||||||||||||
Permanent mortgage | — | — | — | — | 218 | 1,821 | 2,039 | 2,039 | ||||||||||||||||||||||||||||
Permanent mortgage guaranteed by U.S. government agencies | 4,260 | 6,694 | 10,954 | — | — | 230 | 230 | 11,184 | ||||||||||||||||||||||||||||
Home equity | — | — | — | — | — | 1,276 | 1,276 | 1,276 | ||||||||||||||||||||||||||||
Total residential mortgage | 4,260 | 6,694 | 10,954 | — | 218 | 3,327 | 3,545 | 14,499 | ||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | 33 | 33 | 33 | ||||||||||||||||||||||||||||
Total | $ | 4,260 | $ | 6,694 | $ | 10,954 | $ | — | $ | 3,760 | $ | 3,667 | $ | 7,427 | $ | 18,381 | ||||||||||||||||||||
Six Months Ended | ||||||||||||||||||||||||||||||||||||
30-Jun-14 | ||||||||||||||||||||||||||||||||||||
Accruing | Nonaccrual | Total | ||||||||||||||||||||||||||||||||||
Payment Stream | Combination & Other | Total | Interest Rate | Payment Stream | Combination & Other | Total | ||||||||||||||||||||||||||||||
Commercial: | ||||||||||||||||||||||||||||||||||||
Energy | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||||
Services | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||
Wholesale/retail | — | — | — | — | 3,542 | — | 3,542 | 3,542 | ||||||||||||||||||||||||||||
Manufacturing | — | — | — | — | 3,000 | — | 3,000 | 3,000 | ||||||||||||||||||||||||||||
Healthcare | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||
Other commercial and industrial | — | — | — | — | — | 26 | 26 | 26 | ||||||||||||||||||||||||||||
Total commercial | — | — | — | — | 6,542 | 26 | 6,568 | 6,568 | ||||||||||||||||||||||||||||
Commercial real estate: | ||||||||||||||||||||||||||||||||||||
Residential construction and land development | — | — | — | — | 422 | 307 | 729 | 729 | ||||||||||||||||||||||||||||
Retail | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||
Office | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||
Multifamily | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||
Industrial | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||
Other real estate loans | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||
Total commercial real estate | — | — | — | — | 422 | 307 | 729 | 729 | ||||||||||||||||||||||||||||
Residential mortgage: | ||||||||||||||||||||||||||||||||||||
Permanent mortgage | — | — | — | — | 348 | 2,062 | 2,410 | 2,410 | ||||||||||||||||||||||||||||
Permanent mortgage guaranteed by U.S. government agencies | 5,773 | 10,300 | 16,073 | — | — | 411 | 411 | 16,484 | ||||||||||||||||||||||||||||
Home equity | — | — | — | — | — | 1,564 | 1,564 | 1,564 | ||||||||||||||||||||||||||||
Total residential mortgage | 5,773 | 10,300 | 16,073 | — | 348 | 4,037 | 4,385 | 20,458 | ||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | 46 | 46 | 46 | ||||||||||||||||||||||||||||
Total | $ | 5,773 | $ | 10,300 | $ | 16,073 | $ | — | $ | 7,312 | $ | 4,416 | $ | 11,728 | $ | 27,801 | ||||||||||||||||||||
Troubled debt restructurings generally consist of interest rate concessions, payment stream concessions or a combination of concessions to distressed borrowers. The following tables detail the recorded balance of loans by class that were restructured during the three and six months ended June 30, 2013 by primary type of concession (in thousands): | ||||||||||||||||||||||||||||||||||||
Three Months Ended | ||||||||||||||||||||||||||||||||||||
30-Jun-13 | ||||||||||||||||||||||||||||||||||||
Accruing | Nonaccrual | Total | ||||||||||||||||||||||||||||||||||
Payment Stream | Combination & Other | Total | Interest Rate | Payment Stream | Combination & Other | Total | ||||||||||||||||||||||||||||||
Commercial: | ||||||||||||||||||||||||||||||||||||
Energy | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||||
Services | — | — | — | — | 1,140 | — | 1,140 | 1,140 | ||||||||||||||||||||||||||||
Wholesale/retail | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||
Manufacturing | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||
Healthcare | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||
Other commercial and industrial | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||
Total commercial | — | — | — | — | 1,140 | — | 1,140 | 1,140 | ||||||||||||||||||||||||||||
Commercial real estate: | ||||||||||||||||||||||||||||||||||||
Residential construction and land development | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||
Retail | — | — | — | — | 612 | — | 612 | 612 | ||||||||||||||||||||||||||||
Office | — | — | — | — | 3,181 | — | 3,181 | 3,181 | ||||||||||||||||||||||||||||
Multifamily | — | — | — | — | 990 | — | 990 | 990 | ||||||||||||||||||||||||||||
Industrial | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||
Other real estate loans | — | — | — | — | 3,931 | — | 3,931 | 3,931 | ||||||||||||||||||||||||||||
Total commercial real estate | — | — | — | — | 8,714 | — | 8,714 | 8,714 | ||||||||||||||||||||||||||||
Residential mortgage: | ||||||||||||||||||||||||||||||||||||
Permanent mortgage | — | — | — | — | — | 1,132 | 1,132 | 1,132 | ||||||||||||||||||||||||||||
Permanent mortgage guaranteed by U.S. government agencies | 3,087 | 5,809 | 8,896 | — | — | — | — | 8,896 | ||||||||||||||||||||||||||||
Home equity | — | — | — | — | — | 1,798 | 1,798 | 1,798 | ||||||||||||||||||||||||||||
Total residential mortgage | 3,087 | 5,809 | 8,896 | — | — | 2,930 | 2,930 | 11,826 | ||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | 777 | 777 | 777 | ||||||||||||||||||||||||||||
Total | $ | 3,087 | $ | 5,809 | $ | 8,896 | $ | — | $ | 9,854 | $ | 3,707 | $ | 13,561 | $ | 22,457 | ||||||||||||||||||||
Six Months Ended | ||||||||||||||||||||||||||||||||||||
30-Jun-13 | ||||||||||||||||||||||||||||||||||||
Accruing | Nonaccrual | Total | ||||||||||||||||||||||||||||||||||
Payment Stream | Combination & Other | Total | Interest Rate | Payment Stream | Combination & Other | Total | ||||||||||||||||||||||||||||||
Commercial: | ||||||||||||||||||||||||||||||||||||
Energy | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||||
Services | — | — | — | — | 1,173 | — | 1,173 | 1,173 | ||||||||||||||||||||||||||||
Wholesale/retail | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||
Manufacturing | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||
Healthcare | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||
Other commercial and industrial | — | — | — | 147 | — | — | 147 | 147 | ||||||||||||||||||||||||||||
Total commercial | — | — | — | 147 | 1,173 | — | 1,320 | 1,320 | ||||||||||||||||||||||||||||
Commercial real estate: | ||||||||||||||||||||||||||||||||||||
Residential construction and land development | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||
Retail | — | — | — | — | 612 | — | 612 | 612 | ||||||||||||||||||||||||||||
Office | — | — | — | — | 3,181 | — | 3,181 | 3,181 | ||||||||||||||||||||||||||||
Multifamily | — | — | — | — | 990 | — | 990 | 990 | ||||||||||||||||||||||||||||
Industrial | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||
Other real estate loans | — | — | — | — | 3,931 | — | 3,931 | 3,931 | ||||||||||||||||||||||||||||
Total commercial real estate | — | — | — | — | 8,714 | — | 8,714 | 8,714 | ||||||||||||||||||||||||||||
Residential mortgage: | ||||||||||||||||||||||||||||||||||||
Permanent mortgage | — | — | — | — | 27 | 1,377 | 1,404 | 1,404 | ||||||||||||||||||||||||||||
Permanent mortgage guaranteed by U.S. government agencies | 8,694 | 8,949 | 17,643 | — | — | — | — | 17,643 | ||||||||||||||||||||||||||||
Home equity | — | — | — | — | — | 2,108 | 2,108 | 2,108 | ||||||||||||||||||||||||||||
Total residential mortgage | 8,694 | 8,949 | 17,643 | — | 27 | 3,485 | 3,512 | 21,155 | ||||||||||||||||||||||||||||
Consumer | — | — | — | 87 | — | 823 | 910 | 910 | ||||||||||||||||||||||||||||
Total | $ | 8,694 | $ | 8,949 | $ | 17,643 | $ | 234 | $ | 9,914 | $ | 4,308 | $ | 14,456 | $ | 32,099 | ||||||||||||||||||||
The following table summarizes, by loan class, the recorded investment at June 30, 2014 of loans modified as TDRs within the previous 12 months and for which there was a payment default during the three months ended June 30, 2014 (in thousands): | ||||||||||||||||||||||||||||||||||||
Three Months Ended | Six Months Ended | |||||||||||||||||||||||||||||||||||
30-Jun-14 | 30-Jun-14 | |||||||||||||||||||||||||||||||||||
Accruing | Nonaccrual | Total | Accruing | Nonaccrual | Total | |||||||||||||||||||||||||||||||
Commercial: | ||||||||||||||||||||||||||||||||||||
Energy | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||||||||
Services | — | 1,020 | 1,020 | — | 1,020 | 1,020 | ||||||||||||||||||||||||||||||
Wholesale/retail | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Manufacturing | — | 3,000 | 3,000 | — | 3,369 | 3,369 | ||||||||||||||||||||||||||||||
Healthcare | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Other commercial and industrial | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Total commercial | — | 4,020 | 4,020 | — | 4,389 | 4,389 | ||||||||||||||||||||||||||||||
Commercial real estate: | ||||||||||||||||||||||||||||||||||||
Residential construction and land development | — | 422 | 422 | — | 422 | 422 | ||||||||||||||||||||||||||||||
Retail | — | 459 | 459 | — | 459 | 459 | ||||||||||||||||||||||||||||||
Office | — | — | — | — | 199 | 199 | ||||||||||||||||||||||||||||||
Multifamily | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Industrial | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Other real estate loans | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Total commercial real estate | — | 881 | 881 | — | 1,080 | 1,080 | ||||||||||||||||||||||||||||||
Residential mortgage: | ||||||||||||||||||||||||||||||||||||
Permanent mortgage | — | 2,324 | 2,324 | — | 2,769 | 2,769 | ||||||||||||||||||||||||||||||
Permanent mortgage guaranteed by U.S. government agencies | 20,492 | 383 | 20,875 | 20,912 | 383 | 21,295 | ||||||||||||||||||||||||||||||
Home equity | — | 1,002 | 1,002 | — | 1,021 | 1,021 | ||||||||||||||||||||||||||||||
Total residential mortgage | 20,492 | 3,709 | 24,201 | 20,912 | 4,173 | 25,085 | ||||||||||||||||||||||||||||||
Consumer | — | 14 | 14 | — | 14 | 14 | ||||||||||||||||||||||||||||||
Total | $ | 20,492 | $ | 8,624 | $ | 29,116 | $ | 20,912 | $ | 9,656 | $ | 30,568 | ||||||||||||||||||||||||
A payment default is defined as being 30 days or more past due. The table above includes loans that experienced a payment default during the period, but may be performing in accordance with the modified terms as of the balance sheet date. | ||||||||||||||||||||||||||||||||||||
The following table summarizes, by loan class, the recorded investment at June 30, 2013 of loans modified as TDRs within the previous 12 months and for which there was a payment default during the three months ended June 30, 2013 (in thousands): | ||||||||||||||||||||||||||||||||||||
Three Months Ended | Six Months Ended | |||||||||||||||||||||||||||||||||||
30-Jun-13 | 30-Jun-13 | |||||||||||||||||||||||||||||||||||
Accruing | Nonaccrual | Total | Accruing | Nonaccrual | Total | |||||||||||||||||||||||||||||||
Commercial: | ||||||||||||||||||||||||||||||||||||
Energy | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||||||||
Services | — | 2,007 | 2,007 | — | 2,007 | 2,007 | ||||||||||||||||||||||||||||||
Wholesale/retail | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Manufacturing | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Healthcare | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Other commercial and industrial | — | — | — | — | 33 | 33 | ||||||||||||||||||||||||||||||
Total commercial | — | 2,007 | 2,007 | — | 2,040 | 2,040 | ||||||||||||||||||||||||||||||
Commercial real estate: | ||||||||||||||||||||||||||||||||||||
Residential construction and land development | — | 6,889 | 6,889 | — | 6,889 | 6,889 | ||||||||||||||||||||||||||||||
Retail | — | 612 | 612 | — | 612 | 612 | ||||||||||||||||||||||||||||||
Office | — | 3,181 | 3,181 | — | 3,181 | 3,181 | ||||||||||||||||||||||||||||||
Multifamily | — | 782 | 782 | — | 990 | 990 | ||||||||||||||||||||||||||||||
Industrial | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Other real estate loans | — | 3,398 | 3,398 | — | 3,931 | 3,931 | ||||||||||||||||||||||||||||||
Total commercial real estate | — | 14,862 | 14,862 | — | 15,603 | 15,603 | ||||||||||||||||||||||||||||||
Residential mortgage: | ||||||||||||||||||||||||||||||||||||
Permanent mortgage | — | 1,949 | 1,949 | — | 1,969 | 1,969 | ||||||||||||||||||||||||||||||
Permanent mortgage guaranteed by U.S. government agencies | 22,784 | — | 22,784 | 26,767 | — | 26,767 | ||||||||||||||||||||||||||||||
Home equity | — | 240 | 240 | — | 371 | 371 | ||||||||||||||||||||||||||||||
Total residential mortgage | 22,784 | 2,189 | 24,973 | 26,767 | 2,340 | 29,107 | ||||||||||||||||||||||||||||||
Consumer | — | 85 | 85 | — | 122 | 122 | ||||||||||||||||||||||||||||||
Total | $ | 22,784 | $ | 19,143 | $ | 41,927 | $ | 26,767 | $ | 20,105 | $ | 46,872 | ||||||||||||||||||||||||
Nonaccrual & Past Due Loans | ||||||||||||||||||||||||||||||||||||
Past due status for all loan classes is based on the actual number of days since the last payment was due according to the contractual terms of the loans. | ||||||||||||||||||||||||||||||||||||
A summary of loans currently performing, loans past due and accruing and nonaccrual loans as of June 30, 2014 is as follows (in thousands): | ||||||||||||||||||||||||||||||||||||
Past Due | ||||||||||||||||||||||||||||||||||||
Current | 30 to 89 | 90 Days | Nonaccrual | Total | ||||||||||||||||||||||||||||||||
Days | or More | |||||||||||||||||||||||||||||||||||
Commercial: | ||||||||||||||||||||||||||||||||||||
Energy | $ | 2,416,139 | $ | 2,005 | $ | 25 | $ | 1,619 | $ | 2,419,788 | ||||||||||||||||||||||||||
Services | 2,373,081 | 315 | — | 3,669 | 2,377,065 | |||||||||||||||||||||||||||||||
Wholesale/retail | 1,312,255 | 11 | — | 5,885 | 1,318,151 | |||||||||||||||||||||||||||||||
Manufacturing | 448,656 | 703 | — | 3,507 | 452,866 | |||||||||||||||||||||||||||||||
Healthcare | 1,392,718 | 16 | — | 1,422 | 1,394,156 | |||||||||||||||||||||||||||||||
Other commercial and industrial | 404,248 | 386 | — | 1,001 | 405,635 | |||||||||||||||||||||||||||||||
Total commercial | 8,347,097 | 3,436 | 25 | 17,103 | 8,367,661 | |||||||||||||||||||||||||||||||
Commercial real estate: | ||||||||||||||||||||||||||||||||||||
Residential construction and land development | 169,627 | 6 | — | 15,146 | 184,779 | |||||||||||||||||||||||||||||||
Retail | 637,609 | 302 | — | 4,199 | 642,110 | |||||||||||||||||||||||||||||||
Office | 390,626 | — | — | 3,591 | 394,217 | |||||||||||||||||||||||||||||||
Multifamily | 677,403 | — | — | — | 677,403 | |||||||||||||||||||||||||||||||
Industrial | 341,449 | — | — | 631 | 342,080 | |||||||||||||||||||||||||||||||
Other real estate loans | 403,484 | — | — | 10,905 | 414,389 | |||||||||||||||||||||||||||||||
Total commercial real estate | 2,620,198 | 308 | — | 34,472 | 2,654,978 | |||||||||||||||||||||||||||||||
Residential mortgage: | ||||||||||||||||||||||||||||||||||||
Permanent mortgage | 977,897 | 10,079 | — | 32,952 | 1,020,928 | |||||||||||||||||||||||||||||||
Permanent mortgages guaranteed by U.S. government agencies | 27,855 | 19,231 | 139,054 | 1,947 | 188,087 | |||||||||||||||||||||||||||||||
Home equity | 787,863 | 1,855 | 41 | 9,441 | 799,200 | |||||||||||||||||||||||||||||||
Total residential mortgage | 1,793,615 | 31,165 | 139,095 | 44,340 | 2,008,215 | |||||||||||||||||||||||||||||||
Consumer | 394,246 | 992 | 1 | 765 | 396,004 | |||||||||||||||||||||||||||||||
Total | $ | 13,155,156 | $ | 35,901 | $ | 139,121 | $ | 96,680 | $ | 13,426,858 | ||||||||||||||||||||||||||
A summary of loans currently performing, loans past due and accruing and nonaccrual loans as of December 31, 2013 is as follows (in thousands): | ||||||||||||||||||||||||||||||||||||
Past Due | ||||||||||||||||||||||||||||||||||||
Current | 30 to 89 | 90 Days | Nonaccrual | Total | ||||||||||||||||||||||||||||||||
Days | or More | |||||||||||||||||||||||||||||||||||
Commercial: | ||||||||||||||||||||||||||||||||||||
Energy | $ | 2,347,267 | $ | 2,483 | $ | 150 | $ | 1,860 | $ | 2,351,760 | ||||||||||||||||||||||||||
Services | 2,276,036 | 1,210 | 42 | 4,922 | 2,282,210 | |||||||||||||||||||||||||||||||
Wholesale/retail | 1,193,905 | 338 | 152 | 6,969 | 1,201,364 | |||||||||||||||||||||||||||||||
Manufacturing | 391,159 | — | — | 592 | 391,751 | |||||||||||||||||||||||||||||||
Healthcare | 1,272,660 | — | — | 1,586 | 1,274,246 | |||||||||||||||||||||||||||||||
Other commercial and industrial | 440,973 | 81 | 5 | 831 | 441,890 | |||||||||||||||||||||||||||||||
Total commercial | 7,922,000 | 4,112 | 349 | 16,760 | 7,943,221 | |||||||||||||||||||||||||||||||
Commercial real estate: | ||||||||||||||||||||||||||||||||||||
Residential construction and land development | 188,434 | 428 | 19 | 17,377 | 206,258 | |||||||||||||||||||||||||||||||
Retail | 580,926 | 264 | — | 4,857 | 586,047 | |||||||||||||||||||||||||||||||
Office | 404,505 | 603 | — | 6,391 | 411,499 | |||||||||||||||||||||||||||||||
Multifamily | 576,495 | — | — | 7 | 576,502 | |||||||||||||||||||||||||||||||
Industrial | 243,625 | — | — | 252 | 243,877 | |||||||||||||||||||||||||||||||
Other real estate loans | 376,699 | 1,493 | 1,012 | 11,966 | 391,170 | |||||||||||||||||||||||||||||||
Total commercial real estate | 2,370,684 | 2,788 | 1,031 | 40,850 | 2,415,353 | |||||||||||||||||||||||||||||||
Residential mortgage: | ||||||||||||||||||||||||||||||||||||
Permanent mortgage | 1,018,670 | 9,795 | — | 34,279 | 1,062,744 | |||||||||||||||||||||||||||||||
Permanent mortgages guaranteed by U.S. government agencies | 21,916 | 17,290 | 141,615 | 777 | 181,598 | |||||||||||||||||||||||||||||||
Home equity | 797,299 | 3,087 | 34 | 7,264 | 807,684 | |||||||||||||||||||||||||||||||
Total residential mortgage | 1,837,885 | 30,172 | 141,649 | 42,320 | 2,052,026 | |||||||||||||||||||||||||||||||
Consumer | 379,417 | 1,027 | 1 | 1,219 | 381,664 | |||||||||||||||||||||||||||||||
Total | $ | 12,509,986 | $ | 38,099 | $ | 143,030 | $ | 101,149 | $ | 12,792,264 | ||||||||||||||||||||||||||
A summary of loans currently performing, loans past due and accruing and nonaccrual loans as of June 30, 2013 is as follows (in thousands): | ||||||||||||||||||||||||||||||||||||
Past Due | ||||||||||||||||||||||||||||||||||||
Current | 30 to 89 | 90 Days | Nonaccrual | Total | ||||||||||||||||||||||||||||||||
Days | or More | |||||||||||||||||||||||||||||||||||
Commercial: | ||||||||||||||||||||||||||||||||||||
Energy | $ | 2,382,377 | $ | 92 | $ | — | $ | 2,277 | $ | 2,384,746 | ||||||||||||||||||||||||||
Services | 2,192,771 | 1,769 | 2,265 | 7,448 | 2,204,253 | |||||||||||||||||||||||||||||||
Wholesale/retail | 1,168,686 | — | 157 | 6,700 | 1,175,543 | |||||||||||||||||||||||||||||||
Manufacturing | 385,257 | — | — | 876 | 386,133 | |||||||||||||||||||||||||||||||
Healthcare | 1,115,187 | 953 | — | 2,670 | 1,118,810 | |||||||||||||||||||||||||||||||
Other commercial and industrial | 437,558 | 160 | 19 | 898 | 438,635 | |||||||||||||||||||||||||||||||
Total commercial | 7,681,836 | 2,974 | 2,441 | 20,869 | 7,708,120 | |||||||||||||||||||||||||||||||
Commercial real estate: | ||||||||||||||||||||||||||||||||||||
Residential construction and land development | 204,519 | — | — | 21,135 | 225,654 | |||||||||||||||||||||||||||||||
Retail | 542,946 | 2,060 | — | 8,406 | 553,412 | |||||||||||||||||||||||||||||||
Office | 451,730 | — | — | 7,828 | 459,558 | |||||||||||||||||||||||||||||||
Multifamily | 492,306 | 1,699 | — | 6,447 | 500,452 | |||||||||||||||||||||||||||||||
Industrial | 253,990 | — | — | — | 253,990 | |||||||||||||||||||||||||||||||
Other real estate loans | 308,373 | 780 | — | 14,877 | 324,030 | |||||||||||||||||||||||||||||||
Total commercial real estate | 2,253,864 | 4,539 | — | 58,693 | 2,317,096 | |||||||||||||||||||||||||||||||
Residential mortgage: | ||||||||||||||||||||||||||||||||||||
Permanent mortgage | 1,054,435 | 8,689 | — | 32,747 | 1,095,871 | |||||||||||||||||||||||||||||||
Permanent mortgages guaranteed by U.S. government agencies | 22,328 | 17,670 | 116,806 | 83 | 156,887 | |||||||||||||||||||||||||||||||
Home equity | 776,872 | 2,451 | — | 7,704 | 787,027 | |||||||||||||||||||||||||||||||
Total residential mortgage | 1,853,635 | 28,810 | 116,806 | 40,534 | 2,039,785 | |||||||||||||||||||||||||||||||
Consumer | 371,243 | 2,482 | 19 | 2,037 | 375,781 | |||||||||||||||||||||||||||||||
Total | $ | 12,160,578 | $ | 38,805 | $ | 119,266 | $ | 122,133 | $ | 12,440,782 | ||||||||||||||||||||||||||
Acquisitions_Acquisitions_Note
Acquisitions Acquisitions (Notes) | 6 Months Ended |
Jun. 30, 2014 | |
Acquisitions [Abstract] | ' |
Acquisitions [Text Block] | ' |
(5) Acquisitions | |
On February 28, 2014, the Company acquired GTRUST Financial Corporation ("GTRUST"), a Topeka-based independent trust and asset management company with approximately $631 million of assets under management or custody at the date of acquisition. | |
On April 30, 2014, the Company acquired MBM Advisors, a Houston-based independent, full service retirement and pension plan investment firm and an SEC registered investment adviser with approximately $1.3 billion of assets under management at the date of acquisition. | |
The purchase price for these acquisitions totaled approximately $27 million including $23 million paid in cash and $4 million of contingent consideration. The purchase price allocation included $14 million of identifiable intangible assets and $18 million of goodwill. The pro-forma impact of these transactions was not material to the Company's consolidated financial statements. |
Mortgage_Banking_Activities
Mortgage Banking Activities | 6 Months Ended | ||||||||||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||||||||||
Mortgage Banking [Abstract] | ' | ||||||||||||||||||||||||
Mortgage Banking Activities [Text Block] | ' | ||||||||||||||||||||||||
Mortgage Banking Activities | |||||||||||||||||||||||||
Residential Mortgage Loan Production | |||||||||||||||||||||||||
The Company originates, markets and services conventional and government-sponsored residential mortgage loans. Generally, conforming fixed rate residential mortgage loans are held for sale in the secondary market and non-conforming and adjustable-rate residential mortgage loans are held for investment. All residential mortgage loans originated for sale by the Company are carried at fair value based on sales commitments and market quotes. Changes in the fair value of mortgage loans held for sale are included in Other operating revenue – Mortgage banking revenue. Residential mortgage loans held for sale also includes the fair value of residential mortgage loan commitments and forward sale commitments which are considered derivative contracts that have not been designated as hedging instruments. The volume of mortgage loans originated for sale and secondary market prices are the primary drivers of originating and marketing revenue. | |||||||||||||||||||||||||
Residential mortgage loan commitments are generally outstanding for 60 to 90 days, which represents the typical period from commitment to originate a residential mortgage loan to when the closed loan is sold to an investor. Residential mortgage loan commitments are subject to both credit and interest rate risk. Credit risk is managed through underwriting policies and procedures, including collateral requirements, which are generally accepted by the secondary loan markets. Exposure to interest rate fluctuations is partially managed through forward sales of residential mortgage-backed securities and forward sales contracts. These latter contracts set the price for loans that will be delivered in the next 60 to 90 days. | |||||||||||||||||||||||||
The unpaid principal balance of residential mortgage loans held for sale, notional amounts of derivative contracts related to residential mortgage loan commitments and forward contract sales and their related fair values included in Mortgage loans held for sale on the Consolidated Balance Sheets were (in thousands): | |||||||||||||||||||||||||
June 30, 2014 | December 31, 2013 | June 30, 2013 | |||||||||||||||||||||||
Unpaid Principal Balance/ | Fair Value | Unpaid Principal Balance/ | Fair Value | Unpaid | Fair Value | ||||||||||||||||||||
Notional | Notional | Principal | |||||||||||||||||||||||
Balance/ | |||||||||||||||||||||||||
Notional | |||||||||||||||||||||||||
Residential mortgage loans held for sale | $ | 310,341 | $ | 319,508 | $ | 192,266 | $ | 193,584 | $ | 284,454 | $ | 280,962 | |||||||||||||
Residential mortgage loan commitments | 546,864 | 13,616 | 258,873 | 2,656 | 547,508 | (1,709 | ) | ||||||||||||||||||
Forward sales contracts | 828,739 | (7,249 | ) | 435,867 | 4,306 | 740,752 | 21,804 | ||||||||||||||||||
$ | 325,875 | $ | 200,546 | $ | 301,057 | ||||||||||||||||||||
No residential mortgage loans held for sale were 90 days or more past due or considered impaired as of June 30, 2014, December 31, 2013 or June 30, 2013. No credit losses were recognized on residential mortgage loans held for sale for the six month periods ended June 30, 2014 and 2013. | |||||||||||||||||||||||||
Mortgage banking revenue was as follows (in thousands): | |||||||||||||||||||||||||
Three Months Ended | Six Months Ended | ||||||||||||||||||||||||
June 30, | June 30, | ||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||||
Production revenue: | |||||||||||||||||||||||||
Residential mortgages loan held for sale | $ | 17,764 | $ | 17,763 | $ | 29,732 | $ | 47,998 | |||||||||||||||||
Residential mortgage loan commitments | 7,614 | (15,052 | ) | 11,001 | (14,442 | ) | |||||||||||||||||||
Forward sales contracts | (7,651 | ) | 23,645 | (11,554 | ) | 22,710 | |||||||||||||||||||
Total production revenue | 17,727 | 26,356 | 29,179 | 56,266 | |||||||||||||||||||||
Servicing revenue | 11,603 | 10,240 | 22,995 | 20,306 | |||||||||||||||||||||
Total mortgage banking revenue | $ | 29,330 | $ | 36,596 | $ | 52,174 | $ | 76,572 | |||||||||||||||||
Production revenue includes gain (loss) on residential mortgage loans held for sale and changes in the fair value of derivative contracts not designated as hedging instruments related to residential mortgage loan commitments and forward sales contracts. Servicing revenue includes servicing fee income and late charges on loans serviced for others. | |||||||||||||||||||||||||
Residential Mortgage Servicing | |||||||||||||||||||||||||
Mortgage servicing rights may be recognized when mortgage loans are originated pursuant to an existing plan for sale or, if no such plan exists, when the mortgage loans are sold. Mortgage servicing rights may also be purchased. Both originated and purchased mortgage servicing rights are initially recognized at fair value. The Company has elected to carry all mortgage servicing rights at fair value. Changes in the fair value are recognized in earnings as they occur. The unpaid principal balance of loans serviced for others is the primary driver of servicing revenue. | |||||||||||||||||||||||||
The following represents a summary of mortgage servicing rights (Dollars in thousands): | |||||||||||||||||||||||||
June 30, | December 31, | June 30, | |||||||||||||||||||||||
2014 | 2013 | 2013 | |||||||||||||||||||||||
Number of residential mortgage loans serviced for others | 110,404 | 106,137 | 101,498 | ||||||||||||||||||||||
Outstanding principal balance of residential mortgage loans serviced for others | $ | 14,626,291 | $ | 13,718,942 | $ | 12,741,651 | |||||||||||||||||||
Weighted average interest rate | 4.36 | % | 4.4 | % | 4.47 | % | |||||||||||||||||||
Remaining term (in months) | 293 | 292 | 291 | ||||||||||||||||||||||
Activity in capitalized mortgage servicing rights during the three months ended June 30, 2014 was as follows (in thousands): | |||||||||||||||||||||||||
Purchased | Originated | Total | |||||||||||||||||||||||
Balance, March 31, 2014 | $ | 14,790 | $ | 138,984 | $ | 153,774 | |||||||||||||||||||
Additions, net | — | 13,172 | 13,172 | ||||||||||||||||||||||
Change in fair value due to loan runoff | (599 | ) | (4,163 | ) | (4,762 | ) | |||||||||||||||||||
Change in fair value due to market changes | (1,109 | ) | (5,335 | ) | (6,444 | ) | |||||||||||||||||||
Balance, June 30, 2014 | $ | 13,082 | $ | 142,658 | $ | 155,740 | |||||||||||||||||||
Activity in capitalized mortgage servicing rights during the six months ended June 30, 2014 was as follows (in thousands): | |||||||||||||||||||||||||
Purchased | Originated | Total | |||||||||||||||||||||||
Balance, December 31, 2013 | $ | 15,935 | $ | 137,398 | $ | 153,333 | |||||||||||||||||||
Additions, net | — | 21,816 | 21,816 | ||||||||||||||||||||||
Change in fair value due to loan runoff | (1,114 | ) | (7,390 | ) | (8,504 | ) | |||||||||||||||||||
Change in fair value due to market changes | (1,739 | ) | (9,166 | ) | (10,905 | ) | |||||||||||||||||||
Balance, June 30, 2014 | $ | 13,082 | $ | 142,658 | $ | 155,740 | |||||||||||||||||||
Activity in capitalized mortgage servicing rights during the three months ended June 30, 2013 was as follows (in thousands): | |||||||||||||||||||||||||
Purchased | Originated | Total | |||||||||||||||||||||||
Balance, March 31, 2013 | $ | 13,203 | $ | 96,637 | $ | 109,840 | |||||||||||||||||||
Additions, net | — | 14,499 | 14,499 | ||||||||||||||||||||||
Change in fair value due to loan runoff | (940 | ) | (4,825 | ) | (5,765 | ) | |||||||||||||||||||
Change in fair value due to market changes | 3,319 | 10,996 | 14,315 | ||||||||||||||||||||||
Balance, June 30, 2013 | $ | 15,582 | $ | 117,307 | $ | 132,889 | |||||||||||||||||||
Activity in capitalized mortgage servicing rights during the six months ended June 30, 2013 was as follows (in thousands): | |||||||||||||||||||||||||
Purchased | Originated | Total | |||||||||||||||||||||||
Balance, December 31, 2012 | $ | 12,976 | $ | 87,836 | $ | 100,812 | |||||||||||||||||||
Additions, net | — | 25,932 | 25,932 | ||||||||||||||||||||||
Change in fair value due to loan runoff | (1,811 | ) | (9,017 | ) | (10,828 | ) | |||||||||||||||||||
Change in fair value due to market changes | 4,417 | 12,556 | 16,973 | ||||||||||||||||||||||
Balance, June 30, 2013 | $ | 15,582 | $ | 117,307 | $ | 132,889 | |||||||||||||||||||
Changes in the fair value of mortgage servicing rights are included in Other operating revenue in the Consolidated Statements of Earnings. Changes in fair value due to loan runoff are included in Mortgage banking costs. Changes in fair value due to market changes are reported separately. Changes in fair value due to market changes during the period relate to assets held at the reporting date. | |||||||||||||||||||||||||
There is no active market for trading in mortgage servicing rights after origination. Fair value is determined by discounting the projected net cash flows. Significant assumptions used to determine fair value based on significant unobservable inputs were as follows: | |||||||||||||||||||||||||
June 30, | December 31, | June 30, | |||||||||||||||||||||||
2014 | 2013 | 2013 | |||||||||||||||||||||||
Discount rate – risk-free rate plus a market premium | 10.20% | 10.21% | 10.25% | ||||||||||||||||||||||
Loan servicing costs – annually per loan based upon loan type: | |||||||||||||||||||||||||
Performing loans | $60-$105 | $60 - $105 | $58 - $105 | ||||||||||||||||||||||
Delinquent loans | $150 - $500 | $150 - $500 | $135 - $500 | ||||||||||||||||||||||
Loans in foreclosure | $1,000-$4,250 | $1,000 - $4,250 | $875 - $4,250 | ||||||||||||||||||||||
Escrow earnings rate – indexed to rates paid on deposit accounts with comparable average life | 1.69% | 1.80% | 1.56% | ||||||||||||||||||||||
The Company is exposed to interest rate risk as benchmark residential mortgage interest rates directly affect the prepayment speeds used in valuing our mortgage servicing rights, which is partially managed through forward sales of residential mortgage-backed securities and forward sales contracts. A separate third party model is used to estimate prepayment speeds based on interest rates, housing turnover rates, estimated loan curtailment, anticipated defaults and other relevant factors. The prepayment model is updated daily for changes in market conditions and adjusted to better correlate with actual performance of BOK Financial’s servicing portfolio. | |||||||||||||||||||||||||
Stratification of the residential mortgage loan servicing portfolio and outstanding principal of loans serviced for others by interest rate at June 30, 2014 follows (in thousands): | |||||||||||||||||||||||||
< 4.00% | 4.00% - 4.99% | 5.00% - 5.99% | > 5.99% | Total | |||||||||||||||||||||
Fair value | $ | 61,918 | $ | 65,639 | $ | 22,702 | $ | 5,481 | $ | 155,740 | |||||||||||||||
Outstanding principal of loans serviced for others | $ | 5,682,055 | $ | 5,687,478 | $ | 2,187,993 | $ | 1,068,765 | $ | 14,626,291 | |||||||||||||||
Weighted average prepayment rate1 | 7.33 | % | 8.26 | % | 12.6 | % | 28.53 | % | 10.03 | % | |||||||||||||||
1 | Annual prepayment estimates based upon loan interest rate, original term and loan type. Weighted average prepayment rate is determined by weighting the prepayment speed for each loan by its unpaid principal balance. | ||||||||||||||||||||||||
The interest rate sensitivity of our mortgage servicing rights and securities and derivative contracts held as an economic hedge is modeled over a range of +/- 50 basis points. At June 30, 2014, a 50 basis point increase in mortgage interest rates is expected to increase the fair value of our mortgage servicing rights, net of economic hedge by $4.0 million. A 50 basis point decrease in mortgage interest rates is expected to decrease the fair value of our mortgage servicing rights, net of economic hedge by $4.5 million. In the model, changes in the value of servicing rights due to changes in interest rates assume stable relationships between residential mortgage rates and prepayment speeds. Changes in market conditions can cause variations from these assumptions. These factors and others may cause changes in the value of our mortgage servicing rights to differ from our expectations. | |||||||||||||||||||||||||
The aging status of our mortgage loans serviced for others by investor at June 30, 2014 follows (in thousands): | |||||||||||||||||||||||||
Past Due | |||||||||||||||||||||||||
Current | 30 to 59 | 60 to 89 | 90 Days or More | Total | |||||||||||||||||||||
Days | Days | ||||||||||||||||||||||||
FHLMC | $ | 4,681,165 | $ | 36,913 | $ | 9,828 | $ | 31,543 | $ | 4,759,449 | |||||||||||||||
FNMA | 4,628,707 | 25,380 | 7,206 | 20,149 | 4,681,442 | ||||||||||||||||||||
GNMA | 4,538,079 | 125,530 | 35,461 | 14,487 | 4,713,557 | ||||||||||||||||||||
Other | 458,621 | 6,382 | 1,922 | 4,918 | 471,843 | ||||||||||||||||||||
Total | $ | 14,306,572 | $ | 194,205 | $ | 54,417 | $ | 71,097 | $ | 14,626,291 | |||||||||||||||
The Company has off-balance sheet credit risk related to residential mortgage loans sold to U.S. government agencies with recourse prior to 2008 under various community development programs. These loans consist of first lien, fixed-rate residential mortgage loans underwritten to standards approved by the agencies including full documentation and originated under programs available only for owner-occupied properties. However, these loans have a higher risk of delinquency and loss given default than traditional residential mortgage loans. The Company no longer sells residential mortgage loans with recourse other than obligations under standard representations and warranties. The recourse obligation relates to loan performance for the life of the loan and the Company is obligated to repurchase the loan at the time of foreclosure for the unpaid principal balance plus unpaid interest. The principal balance of residential mortgage loans sold subject to recourse obligations totaled $181 million at June 30, 2014, $191 million at December 31, 2013 and $212 million at June 30, 2013. A separate accrual for these off-balance sheet commitments is included in Other liabilities in the Consolidated Balance Sheets totaling $9 million at June 30, 2014, $10 million at December 31, 2013 and $11 million at June 30, 2013. At June 30, 2014, approximately 4% of the loans sold with recourse with an outstanding principal balance of $6.6 million were either delinquent more than 90 days, in bankruptcy or in foreclosure and 5% with an outstanding balance of $10 million were past due 30 to 89 days. The provision for credit losses on loans sold with recourse is included in Mortgage banking costs in the Consolidated Statements of Earnings. | |||||||||||||||||||||||||
The activity in the allowance for losses on loans sold with recourse included in Other liabilities in the Consolidated Balance Sheets is summarized as follows (in thousands): | |||||||||||||||||||||||||
Three Months Ended | Six Months Ended | ||||||||||||||||||||||||
June 30, | June 30, | ||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||||
Beginning balance | $ | 9,066 | $ | 11,420 | $ | 9,562 | $ | 13,158 | |||||||||||||||||
Provision for recourse losses | 183 | 416 | 167 | (348 | ) | ||||||||||||||||||||
Loans charged off, net | (559 | ) | (916 | ) | (1,039 | ) | (1,890 | ) | |||||||||||||||||
Ending balance | $ | 8,690 | $ | 10,920 | $ | 8,690 | $ | 10,920 | |||||||||||||||||
The Company also has an off-balance sheet obligation to repurchase or provide indemnification for residential mortgage loans sold to government sponsored entities due to standard representations and warranties made under contractual agreements. The Company has established an accrual for credit losses related to potential loan repurchases under representations and warranties that is included in Other liabilities in the Consolidated Balance Sheets and in Mortgage banking costs in the Consolidated Statements of Earnings. The level of repurchases and indemnifications related to standard representations and warranties has remained low. The Company repurchased nine loans from the agencies for $1.3 million during the second quarter of 2014. There were two indemnifications on loans paid during the second quarter of 2014. Losses recognized on indemnifications and repurchases were insignificant. | |||||||||||||||||||||||||
A summary of unresolved deficiency requests from the agencies follows (in thousands, except for number of unresolved deficiency requests): | |||||||||||||||||||||||||
June 30, | June 30, | ||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||
Number of unresolved deficiency requests | 188 | 464 | |||||||||||||||||||||||
Aggregate outstanding principal balance subject to unresolved deficiency requests | $ | 16,497 | $ | 55,517 | |||||||||||||||||||||
Unpaid principal balance subject to indemnification by the Company | 2,248 | 1,774 | |||||||||||||||||||||||
The activity in the accrual for credit losses related to potential loan repurchases and indemnifications under representations and warranties is summarized as follows (in thousands). | |||||||||||||||||||||||||
Three Months Ended | Six Months Ended | ||||||||||||||||||||||||
June 30, | June 30, | ||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||||
Beginning balance | $ | 7,877 | $ | 5,877 | $ | 8,845 | $ | 5,291 | |||||||||||||||||
Provision for repurchase losses | (2,229 | ) | 453 | (3,071 | ) | 1,429 | |||||||||||||||||||
Losses on repurchases and indemnifications, net | (75 | ) | (149 | ) | (201 | ) | (539 | ) | |||||||||||||||||
Ending balance | $ | 5,573 | $ | 6,181 | $ | 5,573 | $ | 6,181 | |||||||||||||||||
Employee_Benefits
Employee Benefits | 6 Months Ended |
Jun. 30, 2014 | |
Compensation And Retirment Disclosure [Abstract] | ' |
Employee Benefits [Text Block] | ' |
(7) Employee Benefits | |
BOK Financial has sponsored a defined benefit Pension Plan for all employees who satisfied certain age and service requirements. Pension Plan benefits were curtailed as of April 1, 2006. The Company recognized periodic pension expense of $149 thousand and $500 thousand for the three months ended June 30, 2014 and 2013, respectively and $297 thousand and $1.0 million for the six months ended June 30, 2014 and 2013, respectively. The Company made no Pension Plan contributions during the three and six months ended June 30, 2014 and 2013. | |
No minimum contribution is required for 2014. |
Commitments_and_Contingent_Lia
Commitments and Contingent Liabilities | 6 Months Ended | ||||||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||||||
Commitments and Contingencies Disclosure [Abstract] | ' | ||||||||||||||||||||
Commitments and Contingent Liabilities | ' | ||||||||||||||||||||
(8) Commitments and Contingent Liabilities | |||||||||||||||||||||
Litigation Contingencies | |||||||||||||||||||||
As a member of Visa, BOK Financial is obligated for a proportionate share of certain covered litigation losses incurred by Visa under a retrospective responsibility plan. A contingent liability was recognized for the Company’s share of Visa’s covered litigation liabilities. Visa funded an escrow account to cover litigation claims, including covered litigation losses under the retrospective responsibility plan, with proceeds from its initial public offering in 2008 and from available cash. | |||||||||||||||||||||
BOK Financial currently owns 251,837 Visa Class B shares which are convertible into 105,992 shares of Visa Class A shares after the final settlement of all covered litigation. Class B shares may be diluted in the future if the escrow fund is not adequate to cover future covered litigation costs. Therefore, no value has been currently assigned to the Class B shares and no value may be assigned until the Class B shares are converted into a known number of Class A shares. | |||||||||||||||||||||
In the ordinary course of business, BOK Financial and its subsidiaries are subject to legal actions and complaints. Management believes, based upon the opinion of counsel, that the actions and liability or loss, if any, resulting from the final outcomes of the proceedings, will not have a material effect on the Company’s financial condition, results of operations or cash flows. | |||||||||||||||||||||
Alternative Investment Commitments | |||||||||||||||||||||
The Company sponsors two private equity funds and invests in several tax credit entities and other funds as permitted by banking regulations. Consolidation of these investments is based on the variable interest model determined by the nature of the entity. Variable interest entities are generally defined as entities that either do not have sufficient equity to finance their activities without support from other parties or whose equity investors lack a controlling financial interest. Variable interest entities are consolidated based on the determination that the Company is the primary beneficiary including the power to direct the activities that most significantly impact the variable interest's economic performance and the obligation to absorb losses of the variable interest or the right to receive benefits of the variable interest that could be significant to the variable interest. | |||||||||||||||||||||
BOKF Equity, LLC, an indirect wholly-owned subsidiary, is the general partner of two consolidated private equity funds (“the Funds”). The Funds provide alternative investment opportunities to certain customers, some of which are related parties, through unaffiliated limited partnerships. These unaffiliated limited partnerships generally invest in distressed assets, asset buy-outs or venture capital companies. As general partner, BOKF Equity, LLC has the power to direct activities that most significantly affect the Funds' performance and contingent obligations to make additional investments totaling $6.0 million at June 30, 2014. Substantially all of the obligations are offset by limited partner commitments. The Company does not accrue its contingent liability to fund investments. The Volcker Rule in Title VI of the Dodd-Frank Act will limit both the amount and structure of these types of investments. | |||||||||||||||||||||
Consolidated tax credit investment entities represent the Company's interest in entities earning federal new market tax credits related to qualifying loans. The Company has the power to direct the activities that most significantly impact the variable interest's economic performance of the entity including being the primary beneficiary of or the obligation to absorb losses of the variable interest that could be significant to the variable interest. | |||||||||||||||||||||
The Company also has interests in various unrelated alternative investments generally consisting of unconsolidated limited partnership interests in or loans to entities for which investment return is primarily in the form of tax credits or that invest in distressed real estate loans and properties, energy development, venture capital and other activities. The Company is prohibited by banking regulations from controlling or actively managing the activities of these investments and the Company's maximum exposure to loss is restricted to its investment balance. The Company's obligation to fund alternative investments is included in Other liabilities in the Consolidated Balance Sheets. | |||||||||||||||||||||
A summary of consolidated and unconsolidated alternative investments as of June 30, 2014, December 31, 2013 and June 30, 2013 is as follows (in thousands): | |||||||||||||||||||||
June 30, 2014 | |||||||||||||||||||||
Loans | Other | Other | Other | Non-controlling | |||||||||||||||||
assets | liabilities | borrowings | interests | ||||||||||||||||||
Consolidated: | |||||||||||||||||||||
Private equity funds | $ | — | $ | 27,834 | $ | — | $ | — | $ | 23,112 | |||||||||||
Tax credit entities | 10,000 | 13,137 | — | 10,964 | 10,000 | ||||||||||||||||
Other | — | 7,112 | — | — | 2,017 | ||||||||||||||||
Total consolidated | $ | 10,000 | $ | 48,083 | $ | — | $ | 10,964 | $ | 35,129 | |||||||||||
Unconsolidated: | |||||||||||||||||||||
Tax credit entities | $ | 19,855 | $ | 95,251 | $ | 30,782 | $ | — | $ | — | |||||||||||
Other | — | 6,321 | 1,657 | — | — | ||||||||||||||||
Total unconsolidated | $ | 19,855 | $ | 101,572 | $ | 32,439 | $ | — | $ | — | |||||||||||
December 31, 2013 | |||||||||||||||||||||
Loans | Other | Other | Other | Non-controlling | |||||||||||||||||
assets | liabilities | borrowings | interests | ||||||||||||||||||
Consolidated: | |||||||||||||||||||||
Private equity funds | $ | — | $ | 27,341 | $ | — | $ | — | $ | 23,036 | |||||||||||
Tax credit entities | 10,000 | 13,448 | — | 10,964 | 9,869 | ||||||||||||||||
Other | — | 9,178 | — | — | 2,019 | ||||||||||||||||
Total consolidated | $ | 10,000 | $ | 49,967 | $ | — | $ | 10,964 | $ | 34,924 | |||||||||||
Unconsolidated: | |||||||||||||||||||||
Tax credit entities | $ | 27,319 | $ | 90,260 | $ | 35,776 | $ | — | $ | — | |||||||||||
Other | — | 9,257 | 1,681 | — | — | ||||||||||||||||
Total unconsolidated | $ | 27,319 | $ | 99,517 | $ | 37,457 | $ | — | $ | — | |||||||||||
June 30, 2013 | |||||||||||||||||||||
Loans | Other | Other | Other | Non-controlling | |||||||||||||||||
assets | liabilities | borrowings | interests | ||||||||||||||||||
Consolidated: | |||||||||||||||||||||
Private equity funds | $ | — | $ | 28,379 | $ | — | $ | — | $ | 23,418 | |||||||||||
Tax credit entities | 10,000 | 13,706 | — | 10,964 | 10,000 | ||||||||||||||||
Other | — | 8,483 | — | — | 1,827 | ||||||||||||||||
Total consolidated | $ | 10,000 | $ | 50,568 | $ | — | $ | 10,964 | $ | 35,245 | |||||||||||
Unconsolidated: | |||||||||||||||||||||
Tax credit entities | $ | 26,851 | $ | 86,327 | $ | 37,864 | $ | — | $ | — | |||||||||||
Other | — | 9,371 | 1,775 | — | — | ||||||||||||||||
Total unconsolidated | $ | 26,851 | $ | 95,698 | $ | 39,639 | $ | — | $ | — | |||||||||||
Other Commitments and Contingencies | |||||||||||||||||||||
At June 30, 2014, Cavanal Hill Funds’ assets included $991 million of U.S. Treasury, $1.1 billion of cash management and $241 million of tax-free money market funds. Assets of these funds consist of highly-rated, short-term obligations of the U.S. Treasury, corporate issuers and U.S. states and municipalities. The net asset value of units in these funds was $1.00 at June 30, 2014. An investment in these funds is not insured by the Federal Deposit Insurance Corporation or guaranteed by BOK Financial or any of its subsidiaries. BOK Financial may, but is not obligated to purchase assets from these funds to maintain the net asset value at $1.00. No assets were purchased from the funds in 2014 or 2013. | |||||||||||||||||||||
Cottonwood Valley Ventures, Inc. (“CVV, Inc.”), an indirectly wholly-owned subsidiary of BOK Financial, is being audited by the Oklahoma Tax Commission (“OTC”) for tax years 2007 through 2009. CVV, Inc. is a qualified venture capital company under the applicable Oklahoma statute. As authorized by the statute, CVV, Inc. guarantees transferable Oklahoma state income tax credits by providing direct debt financing to private companies which qualify as statutory business ventures. Due to certain statutory limitations on utilization of such credits, CVV, Inc. must sell the majority of the credits to provide the economic incentives provided for by the statute. During the third quarter of 2012, CVV, Inc. and credit purchasers settled the assessment related to the 2008 tax credits disallowed with no material adverse impact to the consolidated financial statements. Management does not anticipate that the remaining issue under audit will have a material adverse impact to the consolidated financial statements. | |||||||||||||||||||||
The Company agreed to guarantee rents totaling $29 million through September of 2017 to the City of Tulsa as owner of a building immediately adjacent to the Bank’s main office for space currently rented by third-party tenants in the building. All rent payments are current. Remaining guaranteed rents totaled $10 million at June 30, 2014. In return for this guarantee, the Company will receive 80% of net cash flow as defined in an agreement with the City of Tulsa through September 2017 from rental of space that was vacant at the inception of the agreement. The maximum amount that the Company may receive under this agreement is $4.5 million. |
Shareholders_Equity
Shareholders' Equity | 6 Months Ended | ||||||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||||||
Stockholders' Equity Note [Abstract] | ' | ||||||||||||||||||||
Shareholders' Equity [Text Block] | ' | ||||||||||||||||||||
(9) Shareholders' Equity | |||||||||||||||||||||
On July 29, 2014, the Company declared a a quarterly cash dividend of $0.40 per common share on or about August 29, 2014 to shareholders of record as of August 15, 2014. | |||||||||||||||||||||
Dividends declared were $0.40 and $0.80 per share during the three and six months ended June 30, 2014, respectively. Dividends declared were $0.38 and $0.76 per share during the three and six months ended June 30, 2013, respectively. | |||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss) | |||||||||||||||||||||
AOCI includes unrealized gains and losses on available for sale ("AFS") securities and non-credit related unrealized losses on AFS securities for which an other-than-temporary impairment has been recorded in earnings. AOCI also includes unrealized gains on AFS securities that were transferred from AFS to investment securities in the third quarter of 2011. Such amounts are being amortized over the estimated remaining life of the security as an adjustment to yield, offsetting the related amortization of premium on the transferred securities. Unrealized losses on employee benefit plans will be reclassified into income as pension plan costs are recognized over the remaining service period of plan participants. Accumulated losses on the interest rate lock hedge of the 2005 subordinated debt issuance are being reclassified into income over the ten-year life of the debt. Gains and losses in AOCI are net of deferred income taxes. | |||||||||||||||||||||
A rollforward of the components of accumulated other comprehensive income (loss) is included as follows (in thousands): | |||||||||||||||||||||
Unrealized Gain (Loss) on | |||||||||||||||||||||
Available for Sale Securities | Investment Securities Transferred from AFS | Employee Benefit Plans | Loss on Effective Cash Flow Hedges | Total | |||||||||||||||||
Balance, December 31, 2012 | $ | 155,553 | $ | 3,078 | $ | (8,296 | ) | $ | (415 | ) | $ | 149,920 | |||||||||
Net change in unrealized gain (loss) | (204,545 | ) | — | — | — | (204,545 | ) | ||||||||||||||
Reclassification adjustments included in earnings: | |||||||||||||||||||||
Interest revenue, Investment securities, Taxable securities | — | (2,021 | ) | — | — | (2,021 | ) | ||||||||||||||
Interest expense, Subordinated debentures | — | — | — | 124 | 124 | ||||||||||||||||
Net impairment losses recognized in earnings | 799 | — | — | — | 799 | ||||||||||||||||
Gain on available for sale securities, net | (8,608 | ) | — | — | — | (8,608 | ) | ||||||||||||||
Other comprehensive income (loss), before income taxes | (212,354 | ) | (2,021 | ) | — | 124 | (214,251 | ) | |||||||||||||
Federal and state income taxes1 | 82,605 | 788 | — | (48 | ) | 83,345 | |||||||||||||||
Other comprehensive income (loss), net of income taxes | (129,749 | ) | (1,233 | ) | — | 76 | (130,906 | ) | |||||||||||||
Balance, June 30, 2013 | $ | 25,804 | $ | 1,845 | $ | (8,296 | ) | $ | (339 | ) | $ | 19,014 | |||||||||
Balance, December 31, 2013 | $ | (23,175 | ) | $ | 1,118 | $ | (3,311 | ) | $ | (255 | ) | $ | (25,623 | ) | |||||||
Net change in unrealized gains (losses) | 124,653 | — | (2 | ) | — | 124,651 | |||||||||||||||
Reclassification adjustments included in earnings: | |||||||||||||||||||||
Interest revenue, Investment securities, Taxable securities | — | (736 | ) | — | — | (736 | ) | ||||||||||||||
Interest expense, Subordinated debentures | — | — | — | 154 | 154 | ||||||||||||||||
Gain on available for sale securities, net | (1,244 | ) | — | — | — | (1,244 | ) | ||||||||||||||
Other comprehensive income (loss), before income taxes | 123,409 | (736 | ) | (2 | ) | 154 | 122,825 | ||||||||||||||
Federal and state income taxes1 | (48,013 | ) | 286 | 1 | (60 | ) | (47,786 | ) | |||||||||||||
Other comprehensive income (loss), net of income taxes | 75,396 | (450 | ) | (1 | ) | 94 | 75,039 | ||||||||||||||
Balance, June 30, 2014 | $ | 52,221 | $ | 668 | $ | (3,312 | ) | $ | (161 | ) | $ | 49,416 | |||||||||
1 | Calculated using a 39% effective tax rate. |
Earnings_Per_Share
Earnings Per Share | 6 Months Ended | ||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||||||
Earnings Per Share [Text Block] | ' | ||||||||||||||||
(10) Earnings Per Share | |||||||||||||||||
(In thousands, except share and per share amounts) | Three Months Ended | Six Months Ended | |||||||||||||||
June 30, | June 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Numerator: | |||||||||||||||||
Net income attributable to BOK Financial Corp. shareholders | $ | 75,895 | $ | 79,931 | $ | 152,485 | $ | 167,895 | |||||||||
Less: Earnings allocated to participating securities | 884 | 854 | 1,579 | 1,825 | |||||||||||||
Numerator for basic earnings per share – income available to common shareholders | 75,011 | 79,077 | 150,906 | 166,070 | |||||||||||||
Effect of reallocating undistributed earnings of participating securities | 1 | 2 | 2 | 4 | |||||||||||||
Numerator for diluted earnings per share – income available to common shareholders | $ | 75,012 | $ | 79,079 | $ | 150,908 | $ | 166,074 | |||||||||
Denominator: | |||||||||||||||||
Weighted average shares outstanding | 69,162,724 | 68,719,694 | 69,031,961 | 68,645,247 | |||||||||||||
Less: Participating securities included in weighted average shares outstanding | 802,779 | 725,872 | 713,272 | 740,648 | |||||||||||||
Denominator for basic earnings per common share | 68,359,945 | 67,993,822 | 68,318,689 | 67,904,599 | |||||||||||||
Dilutive effect of employee stock compensation plans1 | 151,433 | 218,675 | 157,113 | 222,152 | |||||||||||||
Denominator for diluted earnings per common share | 68,511,378 | 68,212,497 | 68,475,802 | 68,126,751 | |||||||||||||
Basic earnings per share | $ | 1.1 | $ | 1.16 | $ | 2.21 | $ | 2.45 | |||||||||
Diluted earnings per share | $ | 1.1 | $ | 1.16 | $ | 2.2 | $ | 2.44 | |||||||||
1 Excludes employee stock options with exercise prices greater than current market price. | — | — | — | — | |||||||||||||
Reportable_Segments
Reportable Segments | 6 Months Ended | ||||||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||||||
Segment Reporting [Abstract] | ' | ||||||||||||||||||||
Reportable Segments [Text Block] | ' | ||||||||||||||||||||
(11) Reportable Segments | |||||||||||||||||||||
Reportable segments reconciliation to the Consolidated Financial Statements for the three months ended June 30, 2014 is as follows (in thousands): | |||||||||||||||||||||
Commercial | Consumer | Wealth | Funds Management and Other | BOK | |||||||||||||||||
Management | Financial | ||||||||||||||||||||
Consolidated | |||||||||||||||||||||
Net interest revenue from external sources | $ | 95,018 | $ | 24,170 | $ | 5,765 | $ | 41,144 | $ | 166,097 | |||||||||||
Net interest revenue (expense) from internal sources | (7,857 | ) | 4,666 | $ | 4,719 | (1,528 | ) | — | |||||||||||||
Net interest revenue | 87,161 | 28,836 | 10,484 | 39,616 | 166,097 | ||||||||||||||||
Provision for credit losses | (2,812 | ) | 1,345 | 19 | 1,448 | — | |||||||||||||||
Net interest revenue after provision for credit losses | 89,973 | 27,491 | 10,465 | 38,168 | 166,097 | ||||||||||||||||
Other operating revenue | 44,836 | 51,256 | 65,527 | 950 | 162,569 | ||||||||||||||||
Other operating expense | 50,922 | 49,087 | 55,156 | 59,542 | 214,707 | ||||||||||||||||
Net direct contribution | 83,887 | 29,660 | 20,836 | (20,424 | ) | 113,959 | |||||||||||||||
Corporate expense allocations | 18,367 | 16,911 | 12,388 | (47,666 | ) | — | |||||||||||||||
Net income before taxes | 65,520 | 12,749 | 8,448 | 27,242 | 113,959 | ||||||||||||||||
Federal and state income taxes | 25,487 | 4,959 | 3,286 | 3,498 | 37,230 | ||||||||||||||||
Net income | 40,033 | 7,790 | 5,162 | 23,744 | 76,729 | ||||||||||||||||
Net income attributable to non-controlling interests | — | — | — | 834 | 834 | ||||||||||||||||
Net income attributable to BOK Financial Corp. shareholders | $ | 40,033 | $ | 7,790 | $ | 5,162 | $ | 22,910 | $ | 75,895 | |||||||||||
Average assets | $ | 11,243,678 | $ | 5,668,256 | $ | 4,556,825 | $ | 6,018,062 | $ | 27,486,821 | |||||||||||
Average invested capital | 937,085 | 276,294 | 214,936 | 1,748,409 | 3,176,724 | ||||||||||||||||
Performance measurements: | |||||||||||||||||||||
Return on average assets | 1.43 | % | 0.55 | % | 0.45 | % | 1.11 | % | |||||||||||||
Return on average invested capital | 17.14 | % | 11.31 | % | 9.63 | % | 9.58 | % | |||||||||||||
Efficiency ratio | 38.52 | % | 55.11 | % | 72.29 | % | 63.62 | % | |||||||||||||
Reportable segments reconciliation to the Consolidated Financial Statements for the six months ended June 30, 2014 is as follows (in thousands): | |||||||||||||||||||||
Commercial | Consumer | Wealth | Funds Management and Other | BOK | |||||||||||||||||
Management | Financial | ||||||||||||||||||||
Consolidated | |||||||||||||||||||||
Net interest revenue from external sources | $ | 186,037 | $ | 48,826 | $ | 11,604 | $ | 82,272 | $ | 328,739 | |||||||||||
Net interest revenue (expense) from internal sources | (16,714 | ) | 8,860 | $ | 9,403 | (1,549 | ) | — | |||||||||||||
Net interest revenue | 169,323 | 57,686 | 21,007 | 80,723 | 328,739 | ||||||||||||||||
Provision for credit losses | (6,043 | ) | 2,201 | (26 | ) | 3,868 | — | ||||||||||||||
Net interest revenue after provision for credit losses | 175,366 | 55,485 | 21,033 | 76,855 | 328,739 | ||||||||||||||||
Other operating revenue | 85,525 | 94,668 | 119,787 | (405 | ) | 299,575 | |||||||||||||||
Other operating expense | 100,310 | 90,932 | 104,403 | 104,166 | 399,811 | ||||||||||||||||
Net direct contribution | 160,581 | 59,221 | 36,417 | (27,716 | ) | 228,503 | |||||||||||||||
Corporate expense allocations | 35,653 | 32,750 | 23,810 | (92,213 | ) | — | |||||||||||||||
Net income before taxes | 124,928 | 26,471 | 12,607 | 64,497 | 228,503 | ||||||||||||||||
Federal and state income taxes | 48,597 | 10,297 | 4,904 | 10,933 | 74,731 | ||||||||||||||||
Net income | 76,331 | 16,174 | 7,703 | 53,564 | 153,772 | ||||||||||||||||
Net income attributable to non-controlling interests | — | — | — | 1,287 | 1,287 | ||||||||||||||||
Net income attributable to BOK Financial Corp. shareholders | $ | 76,331 | $ | 16,174 | $ | 7,703 | $ | 52,277 | $ | 152,485 | |||||||||||
Average assets | $ | 11,100,687 | $ | 5,642,181 | $ | 4,589,141 | $ | 6,031,471 | $ | 27,363,480 | |||||||||||
Average invested capital | 934,768 | 279,897 | 208,909 | 1,717,523 | 3,141,097 | ||||||||||||||||
Performance measurements: | |||||||||||||||||||||
Return on average assets | 1.39 | % | 0.58 | % | 0.34 | % | 1.12 | % | |||||||||||||
Return on average invested capital | 16.47 | % | 11.65 | % | 7.44 | % | 9.79 | % | |||||||||||||
Efficiency ratio | 39.07 | % | 53.74 | % | 73.72 | % | 61.74 | % | |||||||||||||
Reportable segments reconciliation to the Consolidated Financial Statements for the three months ended June 30, 2013 is as follows (in thousands): | |||||||||||||||||||||
Commercial | Consumer | Wealth | Funds Management and Other | BOK | |||||||||||||||||
Management | Financial | ||||||||||||||||||||
Consolidated | |||||||||||||||||||||
Net interest revenue from external sources | $ | 90,551 | $ | 24,830 | $ | 6,512 | $ | 46,999 | $ | 168,892 | |||||||||||
Net interest revenue (expense) from internal sources | (9,389 | ) | 5,167 | 5,107 | (885 | ) | — | ||||||||||||||
Net interest revenue | 81,162 | 29,997 | 11,619 | 46,114 | 168,892 | ||||||||||||||||
Provision for credit losses | 86 | 1,402 | 931 | (2,419 | ) | — | |||||||||||||||
Net interest revenue after provision for credit losses | 81,076 | 28,595 | 10,688 | 48,533 | 168,892 | ||||||||||||||||
Other operating revenue | 43,330 | 62,309 | 55,287 | 2,414 | 163,340 | ||||||||||||||||
Other operating expense | 47,342 | 47,151 | 51,440 | 64,988 | 210,921 | ||||||||||||||||
Net direct contribution | 77,064 | 43,753 | 14,535 | (14,041 | ) | 121,311 | |||||||||||||||
Corporate expense allocations | 18,080 | 14,690 | 13,019 | (45,789 | ) | — | |||||||||||||||
Net income before taxes | 58,984 | 29,063 | 1,516 | 31,748 | 121,311 | ||||||||||||||||
Federal and state income taxes | 22,945 | 11,306 | 590 | 6,582 | 41,423 | ||||||||||||||||
Net income | 36,039 | 17,757 | 926 | 25,166 | 79,888 | ||||||||||||||||
Net loss attributable to non-controlling interests | — | — | — | (43 | ) | (43 | ) | ||||||||||||||
Net income attributable to BOK Financial Corp. shareholders | $ | 36,039 | $ | 17,757 | $ | 926 | $ | 25,209 | $ | 79,931 | |||||||||||
Average assets | $ | 10,363,144 | $ | 5,695,096 | $ | 4,544,061 | $ | 7,057,023 | $ | 27,659,324 | |||||||||||
Average invested capital | 899,087 | 297,674 | 206,219 | 1,624,674 | 3,027,654 | ||||||||||||||||
Performance measurements: | |||||||||||||||||||||
Return on average assets | 1.39 | % | 1.25 | % | 0.08 | % | 1.16 | % | |||||||||||||
Return on average invested capital | 16.08 | % | 23.93 | % | 1.8 | % | 10.59 | % | |||||||||||||
Efficiency ratio | 37.96 | % | 49.26 | % | 76.87 | % | 63.11 | % | |||||||||||||
Reportable segments reconciliation to the Consolidated Financial Statements for the six months ended June 30, 2013 is as follows (in thousands): | |||||||||||||||||||||
Commercial | Consumer | Wealth | Funds Management and Other | BOK | |||||||||||||||||
Management | Financial | ||||||||||||||||||||
Consolidated | |||||||||||||||||||||
Net interest revenue from external sources | $ | 181,433 | $ | 48,925 | $ | 12,991 | $ | 96,995 | $ | 340,344 | |||||||||||
Net interest revenue (expense) from internal sources | (18,534 | ) | 10,650 | 10,403 | (2,519 | ) | — | ||||||||||||||
Net interest revenue | 162,899 | 59,575 | 23,394 | 94,476 | 340,344 | ||||||||||||||||
Provision for credit losses | 1,107 | 2,332 | 1,449 | (12,888 | ) | (8,000 | ) | ||||||||||||||
Net interest revenue after provision for credit losses | 161,792 | 57,243 | 21,945 | 107,364 | 348,344 | ||||||||||||||||
Other operating revenue | 84,781 | 122,108 | 106,778 | 10,359 | 324,026 | ||||||||||||||||
Other operating expense | 94,002 | 92,159 | 98,562 | 130,181 | 414,904 | ||||||||||||||||
Net direct contribution | 152,571 | 87,192 | 30,161 | (12,458 | ) | 257,466 | |||||||||||||||
Corporate expense allocations | 36,079 | 28,859 | 25,559 | (90,497 | ) | — | |||||||||||||||
Net income before taxes | 116,492 | 58,333 | 4,602 | 78,039 | 257,466 | ||||||||||||||||
Federal and state income taxes | 45,315 | 22,692 | 1,790 | 18,722 | 88,519 | ||||||||||||||||
Net income | 71,177 | 35,641 | 2,812 | 59,317 | 168,947 | ||||||||||||||||
Net income attributable to non-controlling interests | — | — | — | 1,052 | 1,052 | ||||||||||||||||
Net income attributable to BOK Financial Corp. shareholders | $ | 71,177 | $ | 35,641 | $ | 2,812 | $ | 58,265 | $ | 167,895 | |||||||||||
Average assets | $ | 10,486,544 | $ | 5,709,446 | $ | 4,615,169 | $ | 6,775,621 | $ | 27,586,780 | |||||||||||
Average invested capital | 895,748 | 297,375 | 204,161 | 1,615,544 | 3,012,828 | ||||||||||||||||
Performance measurements: | |||||||||||||||||||||
Return on average assets | 1.37 | % | 1.26 | % | 0.12 | % | 1.23 | % | |||||||||||||
Return on average invested capital | 16.02 | % | 24.17 | % | 2.78 | % | 11.24 | % | |||||||||||||
Efficiency ratio | 37.89 | % | 47.91 | % | 75.24 | % | 62.07 | % |
Fair_Value_Measurements
Fair Value Measurements | 6 Months Ended | |||||||||||||||||||||||||||
Jun. 30, 2014 | ||||||||||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | |||||||||||||||||||||||||||
Fair Value Measurements [Text Block] | ' | |||||||||||||||||||||||||||
(12) Fair Value Measurements | ||||||||||||||||||||||||||||
Fair value is defined by applicable accounting guidance as the price to sell an asset or transfer a liability in an orderly transaction between market participants in the principal market for the given asset or liability at the measurement date based on market conditions at that date. Certain assets and liabilities are recorded in the Company’s financial statements at fair value. Some are recorded on a recurring basis and some on a non-recurring basis. | ||||||||||||||||||||||||||||
For some assets and liabilities, observable market transactions and market information might be available. For other assets and liabilities, observable market transactions and market information might not be available. A hierarchy for fair value has been established which categorizes into three levels the inputs to valuation techniques used to measure fair value. The three levels are as follows: | ||||||||||||||||||||||||||||
Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1) - fair value is based on unadjusted quoted prices in active markets for identical assets or liabilities. | ||||||||||||||||||||||||||||
Significant Other Observable Inputs (Level 2) - Fair value is based on significant other observable inputs which are generally determined based on a single price for each financial instrument provided to us by an applicable third-party pricing service and is based on one or more of the following: | ||||||||||||||||||||||||||||
• | Quoted prices for similar, but not identical, assets or liabilities in active markets; | |||||||||||||||||||||||||||
• | Quoted prices for identical or similar assets or liabilities in inactive markets; | |||||||||||||||||||||||||||
• | Inputs other than quoted prices that are observable, such as interest rate and yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates; | |||||||||||||||||||||||||||
• | Other inputs derived from or corroborated by observable market inputs. | |||||||||||||||||||||||||||
Significant Unobservable Inputs (Level 3) - Fair value is based upon model-based valuation techniques for which at least one significant assumption is not observable in the market. | ||||||||||||||||||||||||||||
Transfers between levels are recognized as of the end of the reporting period. There were no transfers in or out of quoted prices in active markets for identical instruments, significant other observable inputs or significant unobservable inputs during the six months ended June 30, 2014 and 2013, respectively. | ||||||||||||||||||||||||||||
The underlying methods used by the third-party pricing services are considered in determining the primary inputs used to determine fair values. Management has evaluated the methodologies employed by the third-party pricing services by comparing the price provided by the pricing service with other sources, including brokers' quotes, sales or purchases of similar instruments and discounted cash flows to establish a basis for reliance on the pricing service values. Significant differences between the pricing service provided value and other sources are discussed with the pricing service to understand the basis for their values. Based on all observable inputs, management may adjust prices obtained from third-party pricing services to more appropriately reflect the prices that would be received to sell assets or paid to transfer liabilities in orderly transactions in the current market. No significant adjustments were made to prices provided by third-party pricing services at June 30, 2014, December 31, 2013 or June 30, 2013. | ||||||||||||||||||||||||||||
Assets and Liabilities Measured at Fair Value on a Recurring Basis | ||||||||||||||||||||||||||||
The fair value of financial assets and liabilities that are measured on a recurring basis is as follows as of June 30, 2014 (in thousands): | ||||||||||||||||||||||||||||
Total | Quoted Prices in Active Markets for Identical Instruments | Significant Other Observable Inputs | Significant Unobservable Inputs | |||||||||||||||||||||||||
Assets: | ||||||||||||||||||||||||||||
Trading securities: | ||||||||||||||||||||||||||||
U.S. Government agency debentures | $ | 19,027 | $ | — | $ | 19,027 | $ | — | ||||||||||||||||||||
U.S. agency residential mortgage-backed securities | 13,540 | — | 13,540 | — | ||||||||||||||||||||||||
Municipal and other tax-exempt securities | 32,950 | — | 32,950 | — | ||||||||||||||||||||||||
Other trading securities | 35,580 | — | 35,580 | — | ||||||||||||||||||||||||
Total trading securities | 101,097 | — | 101,097 | — | ||||||||||||||||||||||||
Available for sale securities: | ||||||||||||||||||||||||||||
U.S. Treasury | 1,024 | 1,024 | — | — | ||||||||||||||||||||||||
Municipal and other tax-exempt | 64,970 | — | 54,525 | 10,445 | ||||||||||||||||||||||||
U.S. agency residential mortgage-backed securities | 7,259,504 | — | 7,259,504 | — | ||||||||||||||||||||||||
Privately issued residential mortgage-backed securities | 179,042 | — | 179,042 | — | ||||||||||||||||||||||||
Commercial mortgage-backed securities guaranteed by U.S. government agencies | 2,115,295 | — | 2,115,295 | — | ||||||||||||||||||||||||
Other debt securities | 34,528 | — | 30,297 | 4,231 | ||||||||||||||||||||||||
Perpetual preferred stock | 24,730 | — | 24,730 | — | ||||||||||||||||||||||||
Equity securities and mutual funds | 20,053 | 5,106 | 14,947 | — | ||||||||||||||||||||||||
Total available for sale securities | 9,699,146 | 6,130 | 9,678,340 | 14,676 | ||||||||||||||||||||||||
Fair value option securities: | ||||||||||||||||||||||||||||
U.S. agency residential mortgage-backed securities | 181,205 | — | 181,205 | — | ||||||||||||||||||||||||
Other securities | 4,469 | — | 4,469 | — | ||||||||||||||||||||||||
Total fair value option securities | 185,674 | — | 185,674 | — | ||||||||||||||||||||||||
Residential mortgage loans held for sale | 325,875 | — | 325,875 | — | ||||||||||||||||||||||||
Mortgage servicing rights1 | 155,740 | — | — | 155,740 | ||||||||||||||||||||||||
Derivative contracts, net of cash collateral2 | 357,680 | 800 | 356,880 | — | ||||||||||||||||||||||||
Other assets – private equity funds | 27,834 | — | — | 27,834 | ||||||||||||||||||||||||
Liabilities: | ||||||||||||||||||||||||||||
Derivative contracts, net of cash collateral2 | 297,851 | — | 297,851 | — | ||||||||||||||||||||||||
1 | A reconciliation of the beginning and ending fair value of mortgage servicing rights and disclosures of significant assumptions used to determine fair value are presented in Note 6, Mortgage Banking Activities. | |||||||||||||||||||||||||||
2 | See Note 3 for detail of fair value of derivative contracts by contract type. Derivative contracts in asset positions that were valued based on quoted prices in active markets for identical instruments (Level 1) are exchange-traded energy derivative contacts, net of cash margin. Derivative contacts in liability positions that were valued using quoted prices in active market for identical instruments are exchange-traded energy, agricultural and interest rate derivative contracts that were fully offset by cash margin. | |||||||||||||||||||||||||||
The fair value of financial assets and liabilities that are measured on a recurring basis is as follows as of December 31, 2013 (in thousands): | ||||||||||||||||||||||||||||
Total | Quoted Prices in Active Markets for Identical Instruments | Significant Other Observable Inputs | Significant Unobservable Inputs | |||||||||||||||||||||||||
Assets: | ||||||||||||||||||||||||||||
Trading securities: | ||||||||||||||||||||||||||||
U.S. Government agency debentures | $ | 34,120 | $ | — | $ | 34,120 | $ | — | ||||||||||||||||||||
U.S. agency residential mortgage-backed securities | 21,011 | — | 21,011 | — | ||||||||||||||||||||||||
Municipal and other tax-exempt securities | 27,350 | — | 27,350 | — | ||||||||||||||||||||||||
Other trading securities | 9,135 | — | 9,135 | — | ||||||||||||||||||||||||
Total trading securities | 91,616 | — | 91,616 | — | ||||||||||||||||||||||||
Available for sale securities: | ||||||||||||||||||||||||||||
U.S. Treasury | 1,042 | 1,042 | — | — | ||||||||||||||||||||||||
Municipal and other tax-exempt | 73,775 | — | 55,970 | 17,805 | ||||||||||||||||||||||||
U.S. agency residential mortgage-backed securities | 7,716,010 | — | 7,716,010 | — | ||||||||||||||||||||||||
Privately issued residential mortgage-backed securities | 221,099 | — | 221,099 | — | ||||||||||||||||||||||||
Commercial mortgage-backed securities guaranteed by U.S. government agencies | 2,055,804 | — | 2,055,804 | — | ||||||||||||||||||||||||
Other debt securities | 35,241 | — | 30,529 | 4,712 | ||||||||||||||||||||||||
Perpetual preferred stock | 22,863 | — | 22,863 | — | ||||||||||||||||||||||||
Equity securities and mutual funds | 21,328 | — | 17,121 | 4,207 | ||||||||||||||||||||||||
Total available for sale securities | 10,147,162 | 1,042 | 10,119,396 | 26,724 | ||||||||||||||||||||||||
Fair value option securities: | ||||||||||||||||||||||||||||
U.S. agency residential mortgage-backed securities | 157,431 | — | 157,431 | — | ||||||||||||||||||||||||
Other securities | 9,694 | — | 9,694 | — | ||||||||||||||||||||||||
Total fair value option securities | 167,125 | — | 167,125 | — | ||||||||||||||||||||||||
Residential mortgage loans held for sale | 200,546 | — | 200,546 | — | ||||||||||||||||||||||||
Mortgage servicing rights1 | 153,333 | — | — | 153,333 | ||||||||||||||||||||||||
Derivative contracts, net of cash collateral2 | 265,012 | 2,712 | 262,300 | — | ||||||||||||||||||||||||
Other assets – private equity funds | 27,341 | — | — | 27,341 | ||||||||||||||||||||||||
Liabilities: | ||||||||||||||||||||||||||||
Derivative contracts, net of cash collateral2 | 247,185 | — | 247,185 | — | ||||||||||||||||||||||||
1 | A reconciliation of the beginning and ending fair value of mortgage servicing rights and disclosures of significant assumptions used to determine fair value are presented in Note 6, Mortgage Banking Activities. | |||||||||||||||||||||||||||
2 | See Note 3 for detail of fair value of derivative contracts by contract type. Derivative contracts based on quoted prices in active markets for identical instruments (Level 1) are exchange-traded energy derivative contacts, net of cash margin. | |||||||||||||||||||||||||||
The fair value of financial assets and liabilities that are measured on a recurring basis is as follows as of June 30, 2013 (in thousands): | ||||||||||||||||||||||||||||
Total | Quoted Prices in | Significant Other Observable Inputs | Significant Unobservable Inputs | |||||||||||||||||||||||||
Active Markets for Identical Instruments | ||||||||||||||||||||||||||||
Assets: | ||||||||||||||||||||||||||||
Trading securities: | ||||||||||||||||||||||||||||
U.S. Government agency debentures | $ | 60,713 | $ | — | $ | 60,713 | $ | — | ||||||||||||||||||||
U.S. agency residential mortgage-backed securities | 43,858 | — | 43,858 | — | ||||||||||||||||||||||||
Municipal and other tax-exempt securities | 53,819 | — | 53,819 | — | ||||||||||||||||||||||||
Other trading securities | 32,201 | — | 32,201 | — | ||||||||||||||||||||||||
Total trading securities | 190,591 | — | 190,591 | — | ||||||||||||||||||||||||
Available for sale securities: | ||||||||||||||||||||||||||||
U.S. Treasury | 1,060 | 1,060 | — | — | ||||||||||||||||||||||||
Municipal and other tax-exempt | 95,103 | — | 56,256 | 38,847 | ||||||||||||||||||||||||
U.S. agency residential mortgage-backed securities | 8,372,795 | — | 8,372,795 | — | ||||||||||||||||||||||||
Privately issued residential mortgage-backed securities | 297,175 | — | 297,175 | — | ||||||||||||||||||||||||
Commercial mortgage-backed securities guaranteed by U.S. government agencies | 1,846,943 | — | 1,846,943 | — | ||||||||||||||||||||||||
Other debt securities | 35,894 | — | 30,701 | 5,193 | ||||||||||||||||||||||||
Perpetual preferred stock | 25,583 | — | 25,583 | — | ||||||||||||||||||||||||
Equity securities and mutual funds | 23,521 | 5,119 | 16,155 | 2,247 | ||||||||||||||||||||||||
Total available for sale securities | 10,698,074 | 6,179 | 10,645,608 | 46,287 | ||||||||||||||||||||||||
Fair value option securities: | ||||||||||||||||||||||||||||
U.S. agency residential mortgage-backed securities | 203,816 | — | 203,816 | — | ||||||||||||||||||||||||
Other securities | 1,940 | — | 1,940 | — | ||||||||||||||||||||||||
Total fair value option securities | 205,756 | — | 205,756 | — | ||||||||||||||||||||||||
Residential mortgage loans held for sale | 301,057 | — | 301,057 | — | ||||||||||||||||||||||||
Mortgage servicing rights1 | 132,889 | — | — | 132,889 | ||||||||||||||||||||||||
Derivative contracts, net of cash collateral2 | 546,206 | 17,588 | 528,618 | — | ||||||||||||||||||||||||
Other assets – private equity funds | 28,379 | — | — | 28,379 | ||||||||||||||||||||||||
Liabilities: | ||||||||||||||||||||||||||||
Derivative contracts, net of cash collateral2 | 521,991 | — | 521,991 | — | ||||||||||||||||||||||||
1 | A reconciliation of the beginning and ending fair value of mortgage servicing rights and disclosures of significant assumptions used to determine fair value are presented in Note 6, Mortgage Banking Activities. | |||||||||||||||||||||||||||
2 | See Note 3 for detail of fair value of derivative contracts by contract type. Derivative contracts based on quoted prices in active markets for identical instruments (Level 1) are exchange-traded energy and agricultural derivative contacts, net of cash margin. | |||||||||||||||||||||||||||
Following is a description of the Company's valuation methodologies used for assets and liabilities measured on a recurring basis: | ||||||||||||||||||||||||||||
Securities | ||||||||||||||||||||||||||||
The fair values of trading, available for sale and fair value option securities are based on quoted prices for identical instruments in active markets, when available. If quoted prices for identical instruments are not available, fair values are based on significant other observable inputs such as quoted prices of comparable instruments or interest rates and credit spreads, yield curves, volatilities, prepayment speeds and loss severities. | ||||||||||||||||||||||||||||
The fair value of certain available for sale municipal and other debt securities may be based on significant unobservable inputs. These significant unobservable inputs include limited observed trades, projected cash flows, current credit rating of the issuers and, when applicable, the insurers of the debt and observed trades of similar debt. Discount rates are primarily based on reference to interest rate spreads on comparable securities of similar duration and credit rating as determined by the nationally-recognized rating agencies adjusted for a lack of trading volume. Significant unobservable inputs are developed by investment securities professionals involved in the active trading of similar securities. A summary of significant inputs used to value these securities follows. A management committee composed of senior members from the Company's Capital Markets, Risk Management and Finance departments assess the appropriateness of these inputs monthly. | ||||||||||||||||||||||||||||
Derivatives | ||||||||||||||||||||||||||||
All derivative instruments are carried on the balance sheet at fair value. Fair values for exchange-traded contracts are based on quoted prices. Fair values for over-the-counter interest rate, commodity and foreign exchange contracts are based on valuations provided either by third-party dealers in the contracts, quotes provided by independent pricing services, or a third-party provided pricing model that uses significant other observable market inputs. | ||||||||||||||||||||||||||||
Credit risk is considered in determining the fair value of derivative instruments. Management determines fair value adjustments based on various risk factors including but not limited to counterparty credit rating or equivalent loan grading, derivative contract notional size, price volatility of the underlying commodity, duration of the derivative contracts and expected loss severity. Expected loss severity is based on historical losses for similarly risk graded commercial loan customers. Decreases in counterparty credit rating or grading and increases in price volatility and expected loss severity all tend to increase the credit quality adjustment which reduces the fair value of asset contracts. The reduction in fair value is recognized in earnings during the current period. | ||||||||||||||||||||||||||||
We also consider our own credit risk in determining the fair value of derivative contracts. Changes in our credit rating would affect the fair value of our derivative liabilities. In the event of a credit downgrade, the fair value of our derivative liabilities would increase. The change in the fair value would be recognized in earnings in the current period. | ||||||||||||||||||||||||||||
Residential Mortgage Loans Held for Sale | ||||||||||||||||||||||||||||
Residential mortgage loans held for sale are carried on the balance sheet at fair value. The fair values of residential mortgage loans held for sale are based upon quoted market prices of such loans sold in securitization transactions, including related unfunded loan commitments. | ||||||||||||||||||||||||||||
Other Assets - Private Equity Funds | ||||||||||||||||||||||||||||
The fair value of the portfolio investments of the Company's two private equity funds are based upon net asset value reported by the underlying funds, as adjusted by the general partner when necessary to represent the price that would be received to sell the assets. The Company's private equity funds provide customers alternative investment opportunities as limited partners of the funds. As fund of funds, the private equity funds invest in other limited partnerships or limited liability companies that invest substantially all of their assets in U.S. companies pursuing diversified investment strategies including early-stage venture capital, distressed securities and corporate or asset buy-outs. Private equity fund assets are long-term, illiquid investments. No secondary market exists for these assets. The private equity funds typically invest in funds that provide no redemption rights to investors. The fair value of the private equity investments may only be realized through cash distributions from the underlying funds. | ||||||||||||||||||||||||||||
The following represents the changes for the three months ended June 30, 2014 related to assets measured at fair value on a recurring basis using significant unobservable inputs (in thousands): | ||||||||||||||||||||||||||||
Available for Sale Securities | ||||||||||||||||||||||||||||
Municipal and other tax-exempt | Other debt securities | Equity securities and mutual funds | Other assets – private equity funds | |||||||||||||||||||||||||
Balance, March 31, 2014 | $ | 15,523 | $ | 4,712 | $ | — | $ | 27,466 | ||||||||||||||||||||
Transfer to Level 3 from Level 2 | — | — | — | — | ||||||||||||||||||||||||
Purchases and capital calls | — | — | — | 220 | ||||||||||||||||||||||||
Redemptions and distributions | (5,165 | ) | (500 | ) | — | (2,076 | ) | |||||||||||||||||||||
Gain (loss) recognized in earnings: | ||||||||||||||||||||||||||||
Gain on other assets, net | — | — | — | 2,223 | ||||||||||||||||||||||||
Loss on available for sale securities, net | (157 | ) | — | — | — | |||||||||||||||||||||||
Charitable contributions to BOKF Foundation | — | — | — | — | ||||||||||||||||||||||||
Other comprehensive gain (loss): | ||||||||||||||||||||||||||||
Net change in unrealized gain (loss) | 244 | 19 | — | — | ||||||||||||||||||||||||
Balance, June 30, 2014 | $ | 10,445 | $ | 4,231 | $ | — | $ | 27,833 | ||||||||||||||||||||
The following represents the changes for the six months ended June 30, 2014 related to assets measured at fair value on a recurring basis using significant unobservable inputs (in thousands): | ||||||||||||||||||||||||||||
Available for Sale Securities | ||||||||||||||||||||||||||||
Municipal and other tax-exempt | Other debt securities | Equity securities and mutual funds | Other assets – private equity funds | |||||||||||||||||||||||||
Balance, December 31, 2013 | $ | 17,805 | $ | 4,712 | $ | 4,207 | $ | 27,341 | ||||||||||||||||||||
Transfer to Level 3 from Level 2 | — | — | — | — | ||||||||||||||||||||||||
Purchases and capital calls | — | — | — | 425 | ||||||||||||||||||||||||
Redemptions and distributions | (7,487 | ) | (500 | ) | — | (3,181 | ) | |||||||||||||||||||||
Gain (loss) recognized in earnings: | ||||||||||||||||||||||||||||
Gain on other assets, net | — | — | — | 3,248 | ||||||||||||||||||||||||
Loss on available for sale securities, net | (235 | ) | — | — | — | |||||||||||||||||||||||
Charitable contributions to BOKF Foundation | — | — | (2,420 | ) | — | |||||||||||||||||||||||
Other comprehensive gain (loss): | ||||||||||||||||||||||||||||
Net change in unrealized gain (loss) | 362 | 19 | (1,787 | ) | — | |||||||||||||||||||||||
Balance, June 30, 2014 | $ | 10,445 | $ | 4,231 | $ | — | $ | 27,833 | ||||||||||||||||||||
The following represents the changes for the six months ended June 30, 2013 related to assets measured at fair value on a recurring basis using significant unobservable inputs (in thousands): | ||||||||||||||||||||||||||||
Available for Sale Securities | ||||||||||||||||||||||||||||
Municipal and other tax-exempt | Other debt securities | Equity securities and mutual funds | Other assets – private equity funds | |||||||||||||||||||||||||
Balance, March 31, 2013 | $ | 39,007 | $ | 5,193 | $ | 2,472 | $ | 29,216 | ||||||||||||||||||||
Transfer to Level 3 from Level 2 | — | — | — | — | ||||||||||||||||||||||||
Purchases, and capital calls | — | — | — | 148 | ||||||||||||||||||||||||
Redemptions and distributions | — | — | — | (1,005 | ) | |||||||||||||||||||||||
Gain (loss) recognized in earnings | ||||||||||||||||||||||||||||
Gain on other assets, net | — | — | — | 20 | ||||||||||||||||||||||||
Other comprehensive gain (loss): | ||||||||||||||||||||||||||||
Net change in unrealized gain (loss) | (160 | ) | — | (225 | ) | — | ||||||||||||||||||||||
Balance, June 30, 2013 | $ | 38,847 | $ | 5,193 | $ | 2,247 | $ | 28,379 | ||||||||||||||||||||
The following represents the changes for the three months ended June 30, 2013 related to assets measured at fair value on a recurring basis using significant unobservable inputs (in thousands): | ||||||||||||||||||||||||||||
Available for Sale Securities | ||||||||||||||||||||||||||||
Municipal and other tax-exempt | Other debt securities | Equity securities and mutual funds | Other assets – private equity funds | |||||||||||||||||||||||||
Balance, December 31, 2012 | $ | 40,702 | $ | 5,399 | $ | 2,161 | $ | 28,169 | ||||||||||||||||||||
Transfer to Level 3 from Level 2 | — | — | — | — | ||||||||||||||||||||||||
Purchases, and capital calls | — | — | — | 640 | ||||||||||||||||||||||||
Redemptions and distributions | (98 | ) | — | — | (1,835 | ) | ||||||||||||||||||||||
Gain (loss) recognized in earnings | ||||||||||||||||||||||||||||
Gain on other assets, net | — | — | — | 1,405 | ||||||||||||||||||||||||
Other comprehensive gain (loss): | ||||||||||||||||||||||||||||
Net change in unrealized gain (loss) | (1,757 | ) | (206 | ) | 86 | — | ||||||||||||||||||||||
Balance, June 30, 2013 | $ | 38,847 | $ | 5,193 | $ | 2,247 | $ | 28,379 | ||||||||||||||||||||
A summary of quantitative information about assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) as of June 30, 2014 follows (in thousands): | ||||||||||||||||||||||||||||
Quantitative Information about Level 3 Recurring Fair Value Measurements | ||||||||||||||||||||||||||||
Par | Amortized | Fair | Valuation Technique(s) | Unobservable Input | Range | |||||||||||||||||||||||
Value | Cost | Value | (Weighted Average) | |||||||||||||||||||||||||
Available for sale securities | ||||||||||||||||||||||||||||
Municipal and other tax-exempt securities | $ | 10,970 | $ | 10,903 | $ | 10,445 | Discounted cash flows | 1 | Interest rate spread | 4.91%-5.21% (5.17%) | 2 | |||||||||||||||||
95.11%-96.13% (95.38%) | 3 | |||||||||||||||||||||||||||
Other debt securities | 4,400 | 4,400 | 4,231 | Discounted cash flows | 1 | Interest rate spread | 4.38%-5.65% (5.51%) | 4 | ||||||||||||||||||||
95.11% - 95.28 (95.17%) | 3 | |||||||||||||||||||||||||||
Other assets - private equity funds | N/A | N/A | 27,834 | Net asset value reported by underlying fund | Net asset value reported by underlying fund | N/A | ||||||||||||||||||||||
1 | Discounted cash flows developed using discount rates primarily based on reference to interest rate spreads for comparable securities of similar duration and credit rating as determined by the nationally-recognized rating agencies, adjusted for lack of trading volume | |||||||||||||||||||||||||||
2 | Interest rate yields used to value investment grade tax-exempt securities represent a spread of 480 to 508 basis points over average yields for comparable tax-exempt securities. | |||||||||||||||||||||||||||
3 | Represents fair value as a percentage of par value | |||||||||||||||||||||||||||
4 | Interest rate yields used to value investment grade taxable securities based on comparable short-term taxable securities which are generally yielding less than 1%. | |||||||||||||||||||||||||||
The fair value of these securities measured at fair value using significant unobservable inputs are sensitive primarily to changes in interest rate spreads. At June 30, 2014, for tax-exempt securities rated investment grade by all nationally-recognized rating agencies, a 100 basis point increase in the spreads over average yields for comparable securities would result in an additional decrease in the fair value of $101 thousand. For taxable securities rated investment grade by all nationally-recognized rating agencies, a 100 basis point increase in the spreads over average yield for comparable securities would result in an additional decrease in the fair value of $41 thousand. | ||||||||||||||||||||||||||||
A summary of quantitative information about Recurring Fair Value Measurements based on Significant Unobservable Inputs (Level 3) as of December 31, 2013 follows (in thousands): | ||||||||||||||||||||||||||||
Quantitative Information about Level 3 Recurring Fair Value Measurements | ||||||||||||||||||||||||||||
Par | Amortized | Fair | Valuation Technique(s) | Unobservable Input | Range | |||||||||||||||||||||||
Value | Cost | Value | (Weighted Average) | |||||||||||||||||||||||||
Available for sale securities | ||||||||||||||||||||||||||||
Municipal and other tax-exempt securities | $ | 18,695 | $ | 18,624 | $ | 17,805 | Discounted cash flows | 1 | Interest rate spread | 4.97%-5.27% (5.16%) | 2 | |||||||||||||||||
95.02%-95.50% (95.24%) | 3 | |||||||||||||||||||||||||||
Other debt securities | 4,900 | 4,900 | 4,712 | Discounted cash flows | 1 | Interest rate spread | 5.67% (5.67%) | 4 | ||||||||||||||||||||
96.16% (96.16%) | 3 | |||||||||||||||||||||||||||
Equity securities and mutual funds | N/A | 2,420 | 4,207 | Publicly announced preliminary purchase price information from acquirer. | Discount for settlement uncertainty. | N/A | 5 | |||||||||||||||||||||
Other assets - private equity funds | N/A | N/A | 27,341 | Net asset value reported by underlying fund | Net asset value reported by underlying fund | N/A | ||||||||||||||||||||||
1 | Discounted cash flows developed using discount rates primarily based on reference to interest rate spreads for comparable securities of similar duration and credit rating as determined by the nationally-recognized rating agencies, adjusted for lack of trading volume | |||||||||||||||||||||||||||
2 | Interest rate yields used to value investment grade tax-exempt securities represent a spread of 467 to 518 basis points over average yields for comparable tax-exempt securities. | |||||||||||||||||||||||||||
3 | Represents fair value as a percentage of par value | |||||||||||||||||||||||||||
4 | Interest rate yields used to value investment grade taxable securities based on comparable short-term taxable securities which are generally yielding less than 1%. | |||||||||||||||||||||||||||
5 | Fair value of shares of a smaller privately-held financial institution were valued using preliminary announced purchase information by a publicly-traded acquirer. | |||||||||||||||||||||||||||
A summary of quantitative information about Recurring Fair Value Measurements based on Significant Unobservable Inputs (Level 3) as of June 30, 2013 follows (in thousands): | ||||||||||||||||||||||||||||
Quantitative Information about Level 3 Recurring Fair Value Measurements | ||||||||||||||||||||||||||||
Par | Amortized | Fair | Valuation Technique(s) | Unobservable Input | Range | |||||||||||||||||||||||
Value | Cost6 | Value | (Weighted Average) | |||||||||||||||||||||||||
Available for sale securities | ||||||||||||||||||||||||||||
Municipal and other tax-exempt securities | ||||||||||||||||||||||||||||
Investment grade | $ | 28,470 | $ | 28,375 | $ | 27,116 | Discounted cash flows | 1 | Interest rate spread | 4.99%-5.49% (5.24%) | 2 | |||||||||||||||||
95.01%-95.60% (95.25%) | 3 | |||||||||||||||||||||||||||
Below investment grade | 17,000 | 12,384 | 11,731 | Discounted cash flows | 1 | Interest rate spread | 9.15%-11.19% (9.87%) | 4 | ||||||||||||||||||||
68.91%-69.09% (69.01%) | 3 | |||||||||||||||||||||||||||
Total municipal and other tax-exempt securities | 45,470 | 40,759 | 38,847 | |||||||||||||||||||||||||
Other debt securities | 5,400 | 5,400 | 5,193 | Discounted cash flows | 1 | Interest rate spread | 4.41%-5.69% (5.48%) | 5 | ||||||||||||||||||||
96.13% - 96.16 (96.16%) | 3 | |||||||||||||||||||||||||||
Equity securities and mutual funds | N/A | 2,420 | 2,247 | Tangible book value per share of publicly traded financial institutions of similar size, less liquidity discount. | Peer group tangible book per share and liquidity discount. | N/A | 7 | |||||||||||||||||||||
Other assets - private equity funds | N/A | N/A | 28,379 | Net asset value reported by underlying fund | Net asset value reported by underlying fund | N/A | ||||||||||||||||||||||
1 | Discounted cash flows developed using discount rates primarily based on reference to interest rate spreads for comparable securities of similar duration and credit rating as determined by the nationally-recognized rating agencies, adjusted for lack of trading volume | |||||||||||||||||||||||||||
2 | Interest rate yields used to value investment grade tax-exempt securities represent a spread of 457 to 520 basis points over average yields for comparable tax-exempt securities. | |||||||||||||||||||||||||||
3 | Represents fair value as a percentage of par value | |||||||||||||||||||||||||||
4 | Interest rate yields determined using a spread of 700 basis points over comparable municipal securities of varying durations. | |||||||||||||||||||||||||||
5 | Interest rate yields used to value investment grade taxable securities based on comparable short-term taxable securities which are generally yielding less than 1%. | |||||||||||||||||||||||||||
6 | Amortized cost reduced by other-than-temporary impairments recorded in earnings. See Note 2 for additional discussion. | |||||||||||||||||||||||||||
7 | Fair value of shares of a smaller privately-held financial institution were valued using the tangible book value per share of similarly sized financial institutions within the immediate geographical market with a discount of 20% due to the liquidity of the shares. | |||||||||||||||||||||||||||
Fair Value of Assets and Liabilities Measured on a Non-Recurring Basis | ||||||||||||||||||||||||||||
Assets measured at fair value on a non-recurring basis include collateral for certain impaired loans and real property and other assets acquired to satisfy loans, which are based primarily on comparisons to completed sales of similar assets. | ||||||||||||||||||||||||||||
The following represents the carrying value of assets measured at fair value on a non-recurring basis (and related losses) during the period. The carrying value represents only those assets with a balance at June 30, 2014 for which the fair value was adjusted during the six months ended June 30, 2014: | ||||||||||||||||||||||||||||
Fair Value Adjustments for the | ||||||||||||||||||||||||||||
Carrying Value at June 30, 2014 | Three Months Ended | Six Months Ended | ||||||||||||||||||||||||||
30-Jun-14 | 30-Jun-14 | |||||||||||||||||||||||||||
Recognized in: | Recognized in: | |||||||||||||||||||||||||||
Quoted Prices | Significant | Significant | Gross charge-offs against allowance for loan losses | Net losses and expenses of repossessed assets, net | Gross charge-offs against allowance for loan losses | Net losses and expenses of repossessed assets, net | ||||||||||||||||||||||
in Active Markets for Identical Instruments | Other | Unobservable | ||||||||||||||||||||||||||
Observable | Inputs | |||||||||||||||||||||||||||
Inputs | ||||||||||||||||||||||||||||
Impaired loans | $ | — | $ | 5,182 | $ | 65 | $ | 949 | $ | — | $ | 1,627 | $ | — | ||||||||||||||
Real estate and other repossessed assets | — | 8,303 | 27 | — | (21 | ) | — | 1,308 | ||||||||||||||||||||
The following represents the carrying value of assets measured at fair value on a non-recurring basis (and related losses) during the period. The carrying value represents only those assets with a balance at June 30, 2013 for which the fair value was adjusted during the six months ended June 30, 2013: | ||||||||||||||||||||||||||||
Fair Value Adjustments for the | ||||||||||||||||||||||||||||
Carrying Value at June 30, 2013 | Three Months Ended | Six Months Ended | ||||||||||||||||||||||||||
30-Jun-13 | 30-Jun-13 | |||||||||||||||||||||||||||
Recognized in: | Recognized in: | |||||||||||||||||||||||||||
Quoted Prices | Significant | Significant | Gross charge-offs against allowance for loan losses | Net losses and expenses of repossessed assets, net | Gross charge-offs against allowance for loan losses | Net losses and expenses of repossessed assets, net | ||||||||||||||||||||||
in Active Markets for Identical Instruments | Other | Unobservable | ||||||||||||||||||||||||||
Observable | Inputs | |||||||||||||||||||||||||||
Inputs | ||||||||||||||||||||||||||||
Impaired loans | $ | — | $ | 10,245 | $ | 4,930 | $ | 5,060 | $ | — | $ | 6,601 | $ | — | ||||||||||||||
Real estate and other repossessed assets | — | 7,949 | 271 | — | 863 | — | 1,014 | |||||||||||||||||||||
The fair value of collateral-dependent impaired loans and real estate and other repossessed assets and the related fair value adjustments are generally based on unadjusted third-party appraisals. Our appraisal review policies require appraised values to be supported by observed inputs derived principally from or corroborated by observable market data. Appraisals that are not based on observable inputs or that require significant adjustments or fair value measurements that are not based on third-party appraisals are considered to be based on significant unobservable inputs. Non-recurring fair value measurements of collateral-dependent impaired loans and real estate and other repossessed assets based on significant unobservable inputs are generally due to estimates of current fair values between appraisal dates. Significant unobservable inputs include listing prices for the same or comparable assets, uncorroborated expert opinions or management's knowledge of the collateral or industry. These inputs are developed by asset management and workout professionals and approved by senior Credit Administration executives. | ||||||||||||||||||||||||||||
A summary of quantitative information about Non-recurring Fair Value Measurements based on Significant Unobservable Inputs (Level 3) as of June 30, 2014 follows (in thousands): | ||||||||||||||||||||||||||||
Quantitative Information about Level 3 Non-recurring Fair Value Measurements | ||||||||||||||||||||||||||||
Fair Value | Valuation Technique(s) | Unobservable Input | Range | |||||||||||||||||||||||||
(Weighted Average) | ||||||||||||||||||||||||||||
Impaired loans | $ | 65 | Appraised value, as adjusted | Broker quotes and management's knowledge of industry and collateral. | N/A | |||||||||||||||||||||||
Real estate and other repossessed assets | $ | 27 | Listing value, less cost to sell | Marketability adjustment off appraised value | 77%1 | |||||||||||||||||||||||
1 | Marketability adjustments include consideration of estimated costs to sell, which is approximately 10% of fair value. | |||||||||||||||||||||||||||
A summary of quantitative information about Non-recurring Fair Value Measurements based on Significant Unobservable Inputs (Level 3) as of June 30, 2013 follows (in thousands): | ||||||||||||||||||||||||||||
Quantitative Information about Level 3 Non-recurring Fair Value Measurements | ||||||||||||||||||||||||||||
Fair Value | Valuation Technique(s) | Unobservable Input | Range | |||||||||||||||||||||||||
(Weighted Average) | ||||||||||||||||||||||||||||
Impaired loans | $ | 4,930 | Appraised value, as adjusted | Broker quotes and management's knowledge of industry and collateral. | N/A | |||||||||||||||||||||||
Real estate and other repossessed assets | 271 | Listing value, less cost to sell | Marketability adjustments off appraised value | 71%-81% (76%)1 | ||||||||||||||||||||||||
1 | Marketability adjustments include consideration of estimated costs to sell, which is approximately 15% of fair value. | |||||||||||||||||||||||||||
Fair Value of Financial Instruments | ||||||||||||||||||||||||||||
The following table presents the carrying values and estimated fair values of all financial instruments, including those financial assets and liabilities that are not measured and reported at fair value on a recurring basis or non-recurring basis as of June 30, 2014 (dollars in thousands): | ||||||||||||||||||||||||||||
Carrying | Range of | Average | Discount | Estimated | ||||||||||||||||||||||||
Value | Contractual | Re-pricing | Rate | Fair | ||||||||||||||||||||||||
Yields | (in years) | Value | ||||||||||||||||||||||||||
Cash and due from banks | $ | 615,479 | $ | 615,479 | ||||||||||||||||||||||||
Interest-bearing cash and cash equivalents | 732,395 | 732,395 | ||||||||||||||||||||||||||
Trading securities: | ||||||||||||||||||||||||||||
U.S. Government agency debentures | 19,027 | 19,027 | ||||||||||||||||||||||||||
U.S. agency residential mortgage-backed securities | 13,540 | 13,540 | ||||||||||||||||||||||||||
Municipal and other tax-exempt securities | 32,950 | 32,950 | ||||||||||||||||||||||||||
Other trading securities | 35,580 | 35,580 | ||||||||||||||||||||||||||
Total trading securities | 101,097 | 101,097 | ||||||||||||||||||||||||||
Investment securities: | ||||||||||||||||||||||||||||
Municipal and other tax-exempt | 425,221 | 429,051 | ||||||||||||||||||||||||||
U.S. agency residential mortgage-backed securities | 41,973 | 44,176 | ||||||||||||||||||||||||||
Other debt securities | 182,743 | 197,584 | ||||||||||||||||||||||||||
Total investment securities | 649,937 | 670,811 | ||||||||||||||||||||||||||
Available for sale securities: | ||||||||||||||||||||||||||||
U.S. Treasury | 1,024 | 1,024 | ||||||||||||||||||||||||||
Municipal and other tax-exempt | 64,970 | 64,970 | ||||||||||||||||||||||||||
U.S. agency residential mortgage-backed securities | 7,259,504 | 7,259,504 | ||||||||||||||||||||||||||
Privately issued residential mortgage-backed securities | 179,042 | 179,042 | ||||||||||||||||||||||||||
Commercial mortgage-backed securities guaranteed by U.S. government agencies | 2,115,295 | 2,115,295 | ||||||||||||||||||||||||||
Other debt securities | 34,528 | 34,528 | ||||||||||||||||||||||||||
Perpetual preferred stock | 24,730 | 24,730 | ||||||||||||||||||||||||||
Equity securities and mutual funds | 20,053 | 20,053 | ||||||||||||||||||||||||||
Total available for sale securities | 9,699,146 | 9,699,146 | ||||||||||||||||||||||||||
Fair value option securities: | ||||||||||||||||||||||||||||
U.S. agency residential mortgage-backed securities | 181,205 | 181,205 | ||||||||||||||||||||||||||
Other securities | 4,469 | 4,469 | ||||||||||||||||||||||||||
Total fair value option securities | 185,674 | 185,674 | ||||||||||||||||||||||||||
Residential mortgage loans held for sale | 325,875 | 325,875 | ||||||||||||||||||||||||||
Loans: | ||||||||||||||||||||||||||||
Commercial | 8,367,661 | 0.16% - 30.00% | 0.67 | 0.55% - 4.28% | 8,244,031 | |||||||||||||||||||||||
Commercial real estate | 2,654,978 | 0.38% - 18.00% | 0.83 | 1.14% - 3.59% | 2,635,903 | |||||||||||||||||||||||
Residential mortgage | 2,008,215 | 1.20% - 18.00% | 2.49 | 0.55% - 4.18% | 2,043,551 | |||||||||||||||||||||||
Consumer | 396,004 | 0.38% - 21.00% | 0.49 | 1.07% - 3.79% | 39,038 | |||||||||||||||||||||||
Total loans | 13,426,858 | 12,962,523 | ||||||||||||||||||||||||||
Allowance for loan losses | (190,690 | ) | — | |||||||||||||||||||||||||
Loans, net of allowance | 13,236,168 | 12,962,523 | ||||||||||||||||||||||||||
Mortgage servicing rights | 155,740 | 155,740 | ||||||||||||||||||||||||||
Derivative instruments with positive fair value, net of cash margin | 357,680 | 357,680 | ||||||||||||||||||||||||||
Other assets – private equity funds | 27,834 | 27,834 | ||||||||||||||||||||||||||
Deposits with no stated maturity | 17,956,038 | 17,956,038 | ||||||||||||||||||||||||||
Time deposits | 2,615,826 | 0.03% - 9.64% | 2.07 | 0.74% - 1.29% | 2,623,086 | |||||||||||||||||||||||
Other borrowed funds | 3,009,610 | 0.25% - 6.80% | — | 0.09% - 2.62% | 2,984,331 | |||||||||||||||||||||||
Subordinated debentures | 347,890 | 0.91% - 5.00% | 2.16 | 2.2 | % | 344,717 | ||||||||||||||||||||||
Derivative instruments with negative fair value, net of cash margin | 297,851 | 297,851 | ||||||||||||||||||||||||||
The following table presents the carrying values and estimated fair values of all financial instruments, including those financial assets and liabilities that are not measured and reported at fair value on a recurring basis or non-recurring basis as of December 31, 2013 (dollars in thousands): | ||||||||||||||||||||||||||||
Carrying | Range of | Average | Discount | Estimated | ||||||||||||||||||||||||
Value | Contractual | Re-pricing | Rate | Fair | ||||||||||||||||||||||||
Yields | (in years) | Value | ||||||||||||||||||||||||||
Cash and due from banks | $ | 512,931 | $ | 512,931 | ||||||||||||||||||||||||
Interest-bearing cash and cash equivalents | 574,282 | 574,282 | ||||||||||||||||||||||||||
Trading securities: | ||||||||||||||||||||||||||||
U.S. Government agency debentures | 34,120 | 34,120 | ||||||||||||||||||||||||||
U.S. agency residential mortgage-backed securities | 21,011 | 21,011 | ||||||||||||||||||||||||||
Municipal and other tax-exempt securities | 27,350 | 27,350 | ||||||||||||||||||||||||||
Other trading securities | 9,135 | 9,135 | ||||||||||||||||||||||||||
Total trading securities | 91,616 | 91,616 | ||||||||||||||||||||||||||
Investment securities: | ||||||||||||||||||||||||||||
Municipal and other tax-exempt | 440,187 | 439,870 | ||||||||||||||||||||||||||
U.S. agency residential mortgage-backed securities | 50,182 | 51,864 | ||||||||||||||||||||||||||
Other debt securities | 187,509 | 195,393 | ||||||||||||||||||||||||||
Total investment securities | 677,878 | 687,127 | ||||||||||||||||||||||||||
Available for sale securities: | ||||||||||||||||||||||||||||
U.S. Treasury | 1,042 | 1,042 | ||||||||||||||||||||||||||
Municipal and other tax-exempt | 73,775 | 73,775 | ||||||||||||||||||||||||||
U.S. agency residential mortgage-backed securities | 7,716,010 | 7,716,010 | ||||||||||||||||||||||||||
Privately issued residential mortgage-backed securities | 221,099 | 221,099 | ||||||||||||||||||||||||||
Commercial mortgage-backed securities guaranteed by U.S. government agencies | 2,055,804 | 2,055,804 | ||||||||||||||||||||||||||
Other debt securities | 35,241 | 35,241 | ||||||||||||||||||||||||||
Perpetual preferred stock | 22,863 | 22,863 | ||||||||||||||||||||||||||
Equity securities and mutual funds | 21,328 | 21,328 | ||||||||||||||||||||||||||
Total available for sale securities | 10,147,162 | 10,147,162 | ||||||||||||||||||||||||||
Fair value option securities: | ||||||||||||||||||||||||||||
U.S. agency residential mortgage-backed securities | 157,431 | 157,431 | ||||||||||||||||||||||||||
Other securities | 9,694 | 9,694 | ||||||||||||||||||||||||||
Total fair value option securities | 167,125 | 167,125 | ||||||||||||||||||||||||||
Residential mortgage loans held for sale | 200,546 | 200,546 | ||||||||||||||||||||||||||
Loans: | ||||||||||||||||||||||||||||
Commercial | 7,943,221 | 0.04% - 30.00% | 0.49 | 0.48% - 4.33% | 7,835,325 | |||||||||||||||||||||||
Commercial real estate | 2,415,353 | 0.38% - 18.00% | 0.78 | 1.21% - 3.49% | 2,394,443 | |||||||||||||||||||||||
Residential mortgage | 2,052,026 | 0.38% - 18.00% | 2.63 | 0.59% - 4.73% | 2,068,690 | |||||||||||||||||||||||
Consumer | 381,664 | 0.38% - 21.00% | 0.55 | 1.22% - 3.75% | 375,962 | |||||||||||||||||||||||
Total loans | 12,792,264 | 12,674,420 | ||||||||||||||||||||||||||
Allowance for loan losses | (185,396 | ) | — | |||||||||||||||||||||||||
Loans, net of allowance | 12,606,868 | 12,674,420 | ||||||||||||||||||||||||||
Mortgage servicing rights | 153,333 | 153,333 | ||||||||||||||||||||||||||
Derivative instruments with positive fair value, net of cash margin | 265,012 | 265,012 | ||||||||||||||||||||||||||
Other assets – private equity funds | 27,341 | 27,341 | ||||||||||||||||||||||||||
Deposits with no stated maturity | 17,573,334 | 17,573,334 | ||||||||||||||||||||||||||
Time deposits | 2,695,993 | 0.01% - 9.64% | 2.12 | 0.75% - 1.33% | 2,697,290 | |||||||||||||||||||||||
Other borrowed funds | 2,721,888 | 0.25% - 4.78% | 0.03 | 0.08% - 2.64% | 2,693,788 | |||||||||||||||||||||||
Subordinated debentures | 347,802 | 0.95% - 5.00% | 2.63 | 2.22 | % | 344,783 | ||||||||||||||||||||||
Derivative instruments with negative fair value, net of cash margin | 247,185 | 247,185 | ||||||||||||||||||||||||||
The following table presents the carrying values and estimated fair values of all financial instruments, including those financial assets and liabilities that are not measured and reported at fair value on a recurring basis or non-recurring basis as of June 30, 2013 (dollars in thousands): | ||||||||||||||||||||||||||||
Carrying | Range of | Average | Discount | Estimated | ||||||||||||||||||||||||
Value | Contractual | Re-pricing | Rate | Fair | ||||||||||||||||||||||||
Yields | (in years) | Value | ||||||||||||||||||||||||||
Cash and due from banks | $ | 507,551 | $ | 507,551 | ||||||||||||||||||||||||
Interest-bearing cash and cash equivalents | 570,836 | 570,836 | ||||||||||||||||||||||||||
Trading securities: | ||||||||||||||||||||||||||||
U.S. Government agency debentures | 60,713 | 60,713 | ||||||||||||||||||||||||||
U.S. agency residential mortgage-backed securities | 43,858 | 43,858 | ||||||||||||||||||||||||||
Municipal and other tax-exempt securities | 53,819 | 53,819 | ||||||||||||||||||||||||||
Other trading securities | 32,201 | 32,201 | ||||||||||||||||||||||||||
Total trading securities | 190,591 | 190,591 | ||||||||||||||||||||||||||
Investment securities: | ||||||||||||||||||||||||||||
Municipal and other tax-exempt | 375,317 | 371,690 | ||||||||||||||||||||||||||
U.S. agency residential mortgage-backed securities | 64,172 | 66,796 | ||||||||||||||||||||||||||
Other debt securities | 176,301 | 187,219 | ||||||||||||||||||||||||||
Total investment securities | 615,790 | 625,705 | ||||||||||||||||||||||||||
Available for sale securities: | ||||||||||||||||||||||||||||
U.S. Treasury | 1,060 | 1,060 | ||||||||||||||||||||||||||
Municipal and other tax-exempt | 95,103 | 95,103 | ||||||||||||||||||||||||||
U.S. agency residential mortgage-backed securities | 8,372,795 | 8,372,795 | ||||||||||||||||||||||||||
Privately issued residential mortgage-backed securities | 297,175 | 297,175 | ||||||||||||||||||||||||||
Commercial mortgage-backed securities guaranteed by U.S. government agencies | 1,846,943 | 1,846,943 | ||||||||||||||||||||||||||
Other debt securities | 35,894 | 35,894 | ||||||||||||||||||||||||||
Perpetual preferred stock | 25,583 | 25,583 | ||||||||||||||||||||||||||
Equity securities and mutual funds | 23,521 | 23,521 | ||||||||||||||||||||||||||
Total available for sale securities | 10,698,074 | 10,698,074 | ||||||||||||||||||||||||||
Fair value option securities: | ||||||||||||||||||||||||||||
U.S. agency residential mortgage-backed securities | 203,816 | 203,816 | ||||||||||||||||||||||||||
Other securities | 1,940 | 1,940 | ||||||||||||||||||||||||||
Total fair value option securities | 205,756 | 205,756 | ||||||||||||||||||||||||||
Residential mortgage loans held for sale | 301,057 | 301,057 | ||||||||||||||||||||||||||
Loans: | ||||||||||||||||||||||||||||
Commercial | 7,708,120 | 0.25% - 30.00% | 0.63 | 0.59% - 4.19% | 7,638,327 | |||||||||||||||||||||||
Commercial real estate | 2,317,096 | 0.38% - 18.00% | 0.83 | 1.23% - 3.47% | 2,288,188 | |||||||||||||||||||||||
Residential mortgage | 2,039,785 | 0.38% - 18.00% | 3.64 | 0.70% - 4.46% | 2,038,375 | |||||||||||||||||||||||
Consumer | 375,781 | 0.38% - 21.00% | 0.35 | 1.26% - 3.74% | 369,375 | |||||||||||||||||||||||
Total loans | 12,440,782 | 12,334,265 | ||||||||||||||||||||||||||
Allowance for loan losses | (203,124 | ) | — | |||||||||||||||||||||||||
Loans, net of allowance | 12,237,658 | 12,334,265 | ||||||||||||||||||||||||||
Mortgage servicing rights | 132,889 | 132,889 | ||||||||||||||||||||||||||
Derivative instruments with positive fair value, net of cash margin | 546,206 | 546,206 | ||||||||||||||||||||||||||
Other assets – private equity funds | 28,379 | 28,379 | ||||||||||||||||||||||||||
Deposits with no stated maturity | 16,728,258 | 16,728,258 | ||||||||||||||||||||||||||
Time deposits | 2,767,972 | 0.03% - 9.64% | 2.02 | 0.76% - 1.30% | 2,781,202 | |||||||||||||||||||||||
Other borrowed funds | 4,073,915 | 0.25% - 5.25% | — | 0.07% - 2.66% | 4,034,685 | |||||||||||||||||||||||
Subordinated debentures | 347,716 | 0.97% - 5.00% | 3.1 | 2.24 | % | 345,201 | ||||||||||||||||||||||
Derivative instruments with negative fair value, net of cash margin | 521,991 | 521,991 | ||||||||||||||||||||||||||
Because no market exists for certain of these financial instruments and management does not intend to sell these financial instruments, the fair values shown in the tables above may not represent values at which the respective financial instruments could be sold individually or in the aggregate at the given reporting date. | ||||||||||||||||||||||||||||
The following methods and assumptions were used in estimating the fair value of these financial instruments: | ||||||||||||||||||||||||||||
Cash and Cash Equivalents | ||||||||||||||||||||||||||||
The book value reported in the consolidated balance sheets for cash and short-term instruments approximates those assets’ fair values. | ||||||||||||||||||||||||||||
Securities | ||||||||||||||||||||||||||||
The fair values of securities are generally based on Significant Other Observable Inputs such as quoted prices for comparable instruments or interest rates and credit spreads, yield curves, volatilities, prepayment speeds and loss severities. | ||||||||||||||||||||||||||||
Loans | ||||||||||||||||||||||||||||
The fair value of loans, excluding loans held for sale, are based on discounted cash flow analyses using interest rates and credit and liquidity spreads currently being offered for loans with similar remaining terms to maturity and risk, adjusted for the impact of interest rate floors and ceilings which are classified as Significant Unobservable Inputs. The fair values of loans were estimated to approximate their discounted cash flows less loan loss allowances allocated to these loans of $164 million at June 30, 2014, $157 million at December 31, 2013 and $161 million at June 30, 2013. | ||||||||||||||||||||||||||||
Deposits | ||||||||||||||||||||||||||||
The fair values of time deposits are based on discounted cash flow analyses using interest rates currently being offered on similar transactions which are considered Significant Unobservable Inputs. Estimated fair value of deposits with no stated maturity, which includes demand deposits, transaction deposits, money market deposits and savings accounts, is equal to the amount payable on demand. Although market premiums paid reflect an additional value for these low cost deposits, adjusting fair value for the expected benefit of these deposits is prohibited. Accordingly, the positive effect of such deposits is not included in the tables above. | ||||||||||||||||||||||||||||
Other Borrowings and Subordinated Debentures | ||||||||||||||||||||||||||||
The fair values of these instruments are based upon discounted cash flow analyses using interest rates currently being offered on similar instruments which are considered Significant Unobservable Inputs. | ||||||||||||||||||||||||||||
Off-Balance Sheet Instruments | ||||||||||||||||||||||||||||
The fair values of commercial loan commitments are based on fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements. The fair values of these off-balance sheet instruments were not significant at June 30, 2014, December 31, 2013 or June 30, 2013. | ||||||||||||||||||||||||||||
Fair Value Election | ||||||||||||||||||||||||||||
As more fully disclosed in Note 2 and Note 6 to the Consolidated Financial Statements, the Company has elected to carry all residential mortgage-backed securities which have been designated as economic hedges against changes in the fair value of mortgage servicing rights, certain corporate debt securities economically hedged by derivative contracts to manage interest rate risk and all residential mortgage loans originated for sale at fair value. Changes in the fair value of these financial instruments are recognized in earnings. |
Federal_and_State_Income_Taxes
Federal and State Income Taxes | 6 Months Ended | ||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||
Income Tax Disclosure [Abstract] | ' | ||||||||||||||||
Federal and State Income Taxes | ' | ||||||||||||||||
(13) Federal and State Income Taxes | |||||||||||||||||
The reconciliations of income (loss) attributable to continuing operations at the U.S. federal statutory tax rate to income tax expense are as follows (in thousands): | |||||||||||||||||
Three Months Ended | Six Months Ended | ||||||||||||||||
June 30, | June 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Amount: | |||||||||||||||||
Federal statutory tax | $ | 39,886 | $ | 42,459 | $ | 79,976 | $ | 90,113 | |||||||||
Tax exempt revenue | (2,099 | ) | (1,803 | ) | (4,090 | ) | (3,545 | ) | |||||||||
Effect of state income taxes, net of federal benefit | 2,457 | 3,122 | 5,327 | 6,500 | |||||||||||||
Utilization of tax credits | (2,836 | ) | (1,826 | ) | (5,466 | ) | (3,548 | ) | |||||||||
Bank-owned life insurance | (784 | ) | (993 | ) | (1,552 | ) | (1,878 | ) | |||||||||
Charitable contributions to BOKF Foundation | — | — | (427 | ) | — | ||||||||||||
Other, net | 606 | 464 | 963 | 877 | |||||||||||||
Total | $ | 37,230 | $ | 41,423 | $ | 74,731 | $ | 88,519 | |||||||||
Three Months Ended | Six Months Ended | ||||||||||||||||
June 30, | June 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Percent of pretax income: | |||||||||||||||||
Federal statutory tax | 35 | % | 35 | % | 35 | % | 35 | % | |||||||||
Tax exempt revenue | (2 | ) | (1 | ) | (2 | ) | (1 | ) | |||||||||
Effect of state income taxes, net of federal benefit | 3 | 3 | 3 | 2 | |||||||||||||
Utilization of tax credits | (2 | ) | (2 | ) | (2 | ) | (1 | ) | |||||||||
Bank-owned life insurance | (1 | ) | (1 | ) | (1 | ) | (1 | ) | |||||||||
Charitable contributions to BOKF Foundation | — | — | — | — | |||||||||||||
Other, net | — | — | — | — | |||||||||||||
Total | 33 | % | 34 | % | 33 | % | 34 | % |
Subsequent_Events
Subsequent Events | 6 Months Ended |
Jun. 30, 2014 | |
Subsequent Events [Abstract] | ' |
Subsequent Events | ' |
(14) Subsequent Events | |
The Company evaluated events from the date of the consolidated financial statements on June 30, 2014 through the issuance of those consolidated financial statements included in this Quarterly Report on Form 10-Q. No events were identified requiring recognition in and/or disclosure in the consolidated financial statements. |
Significant_Accounting_Policie1
Significant Accounting Policies (Policies) | 6 Months Ended |
Jun. 30, 2014 | |
Accounting Policies [Abstract] | ' |
Principles of Consolidation [Policy Text Block] | ' |
The unaudited consolidated financial statements include accounts of BOK Financial and its subsidiaries, principally BOKF, NA (“the Bank”), BOSC, Inc., The Milestone Group, Inc. and Cavanal Hill Investment Management Inc. Operating divisions of the Bank include Bank of Albuquerque, Bank of Arizona, Bank of Arkansas, Bank of Oklahoma, Bank of Texas, Colorado State Bank and Trust, Bank of Kansas City, BOK Financial Mortgage and the TransFund electronic funds network. | |
Reclassification, Policy [Policy Text Block] | ' |
Certain reclassifications have been made to conform to the current period presentation. | |
Newly Adopted and Pending Accounting Policies [Policy Text Block] | ' |
Newly Adopted and Pending Accounting Policies | |
Financial Accounting Standards Board (“FASB”) | |
FASB Accounting Standards Update No. 2013-08, Financial Services – Investment Companies (Topic 946): Amendments to the Scope, Measurement, and Disclosure Requirements (ASU 2013-08) | |
On June 7, 2013, the FASB issued ASU 2013-08 which amends the criteria an entity would need to meet to qualify as an investment company under ASC 946, Financial Services - Investment Companies. ASU 2013-08 also provides additional implementation guidance for the assessment and requires additional disclosures. ASU 2013-08 was effective prospectively during interim and annual periods beginning after December 15, 2013, with early adoption prohibited. The adoption of ASU 2013-08 did not have a material impact on the Company's consolidated financial statements. | |
FASB Accounting Standards Update No. 2014-01, Accounting for Investments in Qualified Affordable Housing Projects (ASU 2014-01) | |
On January 15, 2014, the FASB issued ASU 2014-01 to simplify the amortization method an entity uses and modify the criteria to elect a measurement and presentation alternative, including the simplified amortization method, for certain investments in qualified affordable housing projects. This alternative permits the entity to present the investment's performance net of the related tax benefits as part of income tax expense. ASU 2014-01 is effective for the Company for interim and annual periods beginning after December 15, 2014. Early adoption is permitted. Adoption of ASU 2014-01 may affect income statement presentation, but otherwise is not expected to have a material impact on the Company's consolidated financial statements. | |
FASB Accounting Standards Update No. 2014-04, Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans Upon Foreclosure | |
On January 17, 2014, the FASB issued ASU 2014-04 to clarify when an entity is considered to have obtained physical possession (from an in-substance possession or foreclosure) of a residential real estate property collateralizing a mortgage loan. Upon physical possession of such real property, an entity is required to reclassify the nonperforming mortgage loan to other real estate owned. ASU 2014-04 is effective for the Company for interim and annual periods beginning after December 15, 2014. Early adoption is permitted. Adoption of ASU 2014-04 is not expected to have a material impact on the Company's consolidated financial statements. | |
Derivatives, Policy [Policy Text Block] | ' |
Derivative instruments may be used by the Company as part of its interest rate risk management programs or may be offered to customers. All derivative instruments are carried at fair value and changes in fair value are reported in earnings as they occur. Credit risk is also considered in determining fair value. | |
When bilateral netting agreements or similar arrangements exist between the Company and its counterparties that create a single legal claim or obligation to pay or receive the net amount in settlement of the individual derivative contracts, the Company reports derivative assets and liabilities on a net by derivative contract type by counterparty basis. | |
Derivative contracts may require the Company to provide or receive cash margin as collateral for derivative assets and liabilities. Derivative assets and liabilities are reported net of cash margin when certain conditions are met. In addition, derivative contracts executed with customers under Customer Risk Management Programs may be secured by non-cash collateral in conjunction with a credit agreement with that customer. Access to collateral, in the event of default is reasonably assured. As of June 30, 2014, a decrease in BOK Financial's credit rating to below investment grade would increase our obligation to post cash margin on existing contracts by approximately $21 million. | |
None of these derivative contracts have been designated as hedging instruments. | |
Customer Risk Management Programs | |
BOK Financial offers programs to permit its customers to manage various risks, including fluctuations in energy, cattle and other agricultural products, and foreign exchange rates, or to take positions in derivative contracts. Customers may also manage interest rate risk through interest rate swaps used by borrowers to modify interest rate terms of their loans or to-be-announced securities used by mortgage banking customers to hedge their loan production. Derivative contracts are executed between the customers and BOK Financial. Offsetting contracts are executed between BOK Financial and other selected counterparties to minimize the risk of changes in commodity prices, interest rates or foreign exchange rates. The counterparty contracts are identical to customer contracts, except for a fixed pricing spread or fee paid to BOK Financial as profit and compensation for administrative costs and credit risk which is recognized over the life of the contracts and included in other operating revenue – brokerage and trading revenue in the Consolidated Statements of Earnings. | |
Interest Rate Risk Management Programs | |
BOK Financial may use derivative contracts in managing its interest rate sensitivity and as part of its economic hedge of the change in the fair value of mortgage servicing rights. Interest rate swaps are generally used to reduce overall asset sensitivity by converting specific fixed-rate liabilities to floating-rate based on LIBOR. As of June 30, 2014, BOK Financial had interest rate swaps with a notional value of $47 million used as part of the economic hedge of the change in the fair value of the mortgage servicing rights. | |
As discussed in Note 6, certain derivative contracts not designated as hedging instruments related to mortgage loan commitments and forward sales contracts are included in Residential mortgage loans held for sale on the Consolidated Balance Sheets. See Note 6 for additional discussion of notional, fair value and impact on earnings of these contracts. Forward sales contracts are not considered swaps under the Commodity and Futures Trading Commission final rules. | |
Loans and Allowances for Credit Losses, Loans [Policy Text Block] | ' |
Loans | |
Loans are either secured or unsecured based on the type of loan and the financial condition of the borrower. Repayment is generally expected from cash flow or proceeds from the sale of selected assets of the borrower. BOK Financial is exposed to risk of loss on loans due to the borrower’s difficulties, which may arise from any number of factors, including problems within the respective industry or local economic conditions. Access to collateral, in the event of borrower default, is reasonably assured through adherence to applicable lending laws and through sound lending standards and credit review procedures. Accounting policies for all loans, excluding residential mortgage loans guaranteed by U.S. government agencies, are as follows. | |
Interest is accrued at the applicable interest rate on the principal amount outstanding. Loans are placed on nonaccruing status when, in the opinion of management, full collection of principal or interest is uncertain. Internally risk graded loans are individually evaluated for nonaccruing status quarterly. Non-risk graded loans are generally placed on nonaccruing status when more than 90 days past due or within 60 days of being notified of the borrower's bankruptcy filing. Interest previously accrued but not collected is charged against interest income when the loan is placed on nonaccruing status. Payments on nonaccruing loans are applied to principal or recognized as interest income, according to management’s judgment as to the collectability of principal. Loans may be returned to accruing status when, in the opinion of management, full collection of principal and interest, including principal previously charged off, is probable based on improvements in the borrower’s financial condition or a sustained period of performance. | |
Loans to borrowers experiencing financial difficulties may be modified in troubled debt restructurings ("TDRs"). All TDRs are classified as nonaccruing. Modifications generally consist of extension of payment terms or interest rate concessions and may result either voluntarily through negotiations with the borrower or involuntarily through court order. Generally, principal and accrued but unpaid interest is not voluntarily forgiven. | |
Performing loans may be renewed under then current collateral value, debt service ratio and other underwriting standards. Nonaccruing loans may be renewed and will remain classified as nonaccruing. | |
All loans are charged off when the loan balance or a portion of the loan balance is no longer supported by the paying capacity of the borrower or when the required cash flow is reduced in a TDR. The charge-off amount is determined through a quarterly evaluation of available cash resources and collateral value and charge-offs are taken in the quarter in which the loss is identified. Non-risk graded loans that are past due between 60 and 180 days, based on the loan product type, are charged off. Loans to borrowers whose personal obligation has been discharged through Chapter 7 bankruptcy proceedings are charged off within 60 days of notice of the bankruptcy filing, regardless of payment status. | |
Loan origination and commitment fees and direct loan acquisition and origination costs are deferred and amortized as an adjustment to yield over the life of the loan or over the commitment period, as applicable. | |
Qualifying residential mortgage loans guaranteed by U.S. government agencies have been sold into GNMA pools. Under certain performance conditions specified in government programs, the Company may have the right, but not the obligation to repurchase loans from GNMA pools. These loans no longer qualify for sale accounting and are recognized in the Consolidated Balance Sheets. Guaranteed loans are considered impaired because we do not expect to receive all principal and interest based on the loan's contractual terms. The principal balance continues to be guaranteed; however, interest accrues at a curtailed rate as specified in the programs. The carrying value of these loans is reduced based on an estimate of the expected cash flows discounted at the original note rate plus a liquidity spread. Guaranteed loans may be modified in TDRs in accordance with U.S. government agency guidelines. Interest continues to accrue based on the modified rate. Guaranteed loans may either be resold into GNMA pools after a performance period specified by the programs or foreclosed and conveyed to the guarantors. | |
Loans are disaggregated into portfolio segments and further disaggregated into classes. The portfolio segment is the level at which the Company develops and documents a systematic method for determining its allowance for credit losses. Classes are a further disaggregation of portfolio segments based on the risk characteristics of the loans and the Company’s method for monitoring and assessing credit risk. | |
Loans and Allowances for Credit Losses, Allowances for Credit Losses [Policy Text Block] | ' |
Allowances for Credit Losses | |
BOK Financial maintains an allowance for loan losses and an accrual for off-balance sheet credit risk. The accrual for off-balance sheet credit risk is maintained at a level that is appropriate to cover estimated losses associated with credit instruments that are not currently recognized as assets such as loan commitments, standby letters of credit or guarantees. As discussed in greater detail in Note 6, the Company also has separate accruals for off-balance sheet credit risk related to residential mortgage loans previously sold with full or partial recourse and for residential mortgage loans sold to government sponsored agencies under standard representations and warranties. | |
The appropriateness of the allowance for loan losses and accrual for off-balance sheet credit losses (collectively "allowance for credit losses") is assessed by management based on an on-going quarterly evaluation of the probable estimated losses inherent in the portfolio, including probable losses on both outstanding loans and unused commitments. | |
The allowance for loan losses consists of specific allowances attributed to impaired loans that have not yet been charged down to amounts we expect to recover, general allowances for unimpaired loans based on estimated loss rates by loan class and nonspecific allowances based on general economic conditions, risk concentration and related factors. There have been no material changes in the approach or techniques utilized in developing the allowance for loan losses and the accrual for off-balance sheet credit losses for the three and six months ended June 30, 2014. | |
Loans are considered to be impaired when it becomes probable that BOK Financial will be unable to collect all amounts due according to the contractual terms of the loan agreements. Internally risk graded loans are evaluated individually for impairment. Substantially all commercial and commercial real estate loans and certain residential mortgage and consumer loans are risk graded based on evaluation of the borrowers' ability to repay. Certain commercial loans and most residential mortgage and consumer loans are small balance, homogeneous pools of loans that are not risk graded. Non-risk graded loans are identified as impaired based on performance status. Generally, non-risk graded loans 90 days or more past due or modified in a TDR or in bankruptcy are considered to be impaired. | |
Specific allowances for impaired loans are measured by an evaluation of estimated future cash flows discounted at the loans’ initial effective interest rate or the fair value of collateral for certain collateral dependent loans. Collateral value of real property is generally based on third party appraisals that conform to Uniform Standards of Professional Appraisal Practice, less estimated selling costs. Appraised values are on an "as-is" basis and are generally not adjusted by the Company. Updated appraisals are obtained at least annually or more frequently if market conditions indicate collateral values have declined. Collateral value of mineral rights is generally determined by our internal staff of engineers based on projected cash flows under current market conditions. Collateral values and available cash resources that support impaired loans are evaluated quarterly. Historical statistics may be used as a practical way to estimate impairment in limited situations, such as when a collateral dependent loan is identified as impaired at the end of a reporting period, until an updated appraisal of collateral value is received or a full assessment of future cash flows is completed. Estimates of future cash flows and collateral values require significant judgments and may be volatile. | |
General allowances for unimpaired loans are based on estimated loss rates by loan class. The gross loss rate for each loan class is determined by the greater of the current gross loss rate based on the most recent twelve months or a ten-year gross loss rate. Recoveries are not directly considered in the estimation of loss rates. Recoveries generally do not follow predictable patterns and are not received until well after the charge-off date as a result of protracted legal actions. For risk graded loans, gross loss rates are adjusted for changes in risk grading. For each loan class, the current weighted average risk grade is compared to the long-term average risk grade. This comparison determines whether credit risk in each loan class is increasing or decreasing. Loss rates are adjusted upward or downward in proportion to changes in average risk grading. General allowances for unimpaired loans also consider inherent risks identified for each loan class. Inherent risks consider loss rates that most appropriately represent the current credit cycle and other factors attributable to specific loan classes which have not yet been represented in the gross loss rates or risk grading. These factors include changes in commodity prices or engineering imprecision, which may affect the value of reserves that secure our energy loan portfolio, construction risk that may affect commercial real estate loans, changes in regulations and public policy that may disproportionately impact health care loans and changes in loan products. | |
Nonspecific allowances are maintained for risks beyond factors specific to a particular loan or loan class. These factors include trends in the economy of our primary lending areas, concentrations in large balance loans and other relevant factors. | |
An accrual for off-balance sheet credit losses is included in Other liabilities in the Consolidated Balance Sheets. The appropriateness of this accrual is determined in the same manner as the allowance for loan losses. | |
A provision for credit losses is charged against or credited to earnings in amounts necessary to maintain an appropriate allowance for credit losses. Recoveries of loans previously charged off are added to the allowance when received. |
Securities_Tables
Securities (Tables) | 6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||||||||||||||||||||||||||||||||||
Marketable Securities [Abstract] | ' | ||||||||||||||||||||||||||||||||||||||||||||||||
Trading Securities [Table Text Block] | ' | ||||||||||||||||||||||||||||||||||||||||||||||||
The fair value and net unrealized gain (loss) included in trading securities is as follows (in thousands): | |||||||||||||||||||||||||||||||||||||||||||||||||
June 30, 2014 | December 31, 2013 | June 30, 2013 | |||||||||||||||||||||||||||||||||||||||||||||||
Fair Value | Net Unrealized Gain (Loss) | Fair Value | Net Unrealized Gain (Loss) | Fair | Net Unrealized Gain (Loss) | ||||||||||||||||||||||||||||||||||||||||||||
Value | |||||||||||||||||||||||||||||||||||||||||||||||||
U.S. Government agency debentures | $ | 19,027 | $ | 6 | $ | 34,120 | $ | 77 | $ | 60,713 | $ | (552 | ) | ||||||||||||||||||||||||||||||||||||
U.S. agency residential mortgage-backed securities | 13,540 | 3 | 21,011 | 123 | 43,858 | 38 | |||||||||||||||||||||||||||||||||||||||||||
Municipal and other tax-exempt securities | 32,950 | 28 | 27,350 | (182 | ) | 53,819 | (1,271 | ) | |||||||||||||||||||||||||||||||||||||||||
Other trading securities | 35,580 | 20 | 9,135 | (7 | ) | 32,201 | (717 | ) | |||||||||||||||||||||||||||||||||||||||||
Total | $ | 101,097 | $ | 57 | $ | 91,616 | $ | 11 | $ | 190,591 | $ | (2,502 | ) | ||||||||||||||||||||||||||||||||||||
Investment Securities (Held-to-Maturity) [Table Text Block] | ' | ||||||||||||||||||||||||||||||||||||||||||||||||
The amortized cost and fair values of investment securities are as follows (in thousands): | |||||||||||||||||||||||||||||||||||||||||||||||||
June 30, 2014 | |||||||||||||||||||||||||||||||||||||||||||||||||
Amortized | Carrying | Fair | Gross Unrealized2 | ||||||||||||||||||||||||||||||||||||||||||||||
Cost | Value1 | Value | Gain | Loss | |||||||||||||||||||||||||||||||||||||||||||||
Municipal and other tax-exempt | $ | 425,221 | $ | 425,221 | $ | 429,051 | $ | 4,442 | $ | (612 | ) | ||||||||||||||||||||||||||||||||||||||
U.S. agency residential mortgage-backed securities – Other | 40,879 | 41,973 | 44,176 | 2,203 | — | ||||||||||||||||||||||||||||||||||||||||||||
Other debt securities | 182,743 | 182,743 | 197,584 | 14,914 | (73 | ) | |||||||||||||||||||||||||||||||||||||||||||
Total | $ | 648,843 | $ | 649,937 | $ | 670,811 | $ | 21,559 | $ | (685 | ) | ||||||||||||||||||||||||||||||||||||||
1 | Carrying value includes $1.1 million of net unrealized gain which remains in Accumulated other comprehensive income (“AOCI”) in the Consolidated Balance Sheets related to certain securities transferred from the Available for Sale securities portfolio to the Investment securities portfolio as discussed in greater detail following. | ||||||||||||||||||||||||||||||||||||||||||||||||
2 | Gross unrealized gains and losses are not recognized in AOCI in the Consolidated Balance Sheets. | ||||||||||||||||||||||||||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||||||||||||||||||||||||||
Amortized | Carrying | Fair | Gross Unrealized2 | ||||||||||||||||||||||||||||||||||||||||||||||
Cost | Value1 | Value | Gain | Loss | |||||||||||||||||||||||||||||||||||||||||||||
Municipal and other tax-exempt | $ | 440,187 | $ | 440,187 | $ | 439,870 | $ | 2,452 | $ | (2,769 | ) | ||||||||||||||||||||||||||||||||||||||
U.S. agency residential mortgage-backed securities – Other | 48,351 | 50,182 | 51,864 | 1,738 | (56 | ) | |||||||||||||||||||||||||||||||||||||||||||
Other debt securities | 187,509 | 187,509 | 195,393 | 8,497 | (613 | ) | |||||||||||||||||||||||||||||||||||||||||||
Total | $ | 676,047 | $ | 677,878 | $ | 687,127 | $ | 12,687 | $ | (3,438 | ) | ||||||||||||||||||||||||||||||||||||||
1 | Carrying value includes $1.8 million of net unrealized gain which remains in Accumulated other comprehensive income (“AOCI”) in the Consolidated Balance Sheets related to certain securities transferred from the Available for Sale securities portfolio to the Investment securities portfolio as discussed in greater detail following. | ||||||||||||||||||||||||||||||||||||||||||||||||
2 | Gross unrealized gains and losses are not recognized in AOCI in the Consolidated Balance Sheets. | ||||||||||||||||||||||||||||||||||||||||||||||||
June 30, 2013 | |||||||||||||||||||||||||||||||||||||||||||||||||
Amortized | Carrying | Fair | Gross Unrealized2 | ||||||||||||||||||||||||||||||||||||||||||||||
Cost | Value1 | Value | Gain | Loss | |||||||||||||||||||||||||||||||||||||||||||||
Municipal and other tax-exempt | $ | 375,317 | $ | 375,317 | $ | 371,690 | $ | 2,189 | $ | (5,816 | ) | ||||||||||||||||||||||||||||||||||||||
U.S. agency residential mortgage-backed securities – Other | 61,152 | 64,172 | 66,796 | 2,624 | — | ||||||||||||||||||||||||||||||||||||||||||||
Other debt securities | 176,301 | 176,301 | 187,219 | 10,978 | (60 | ) | |||||||||||||||||||||||||||||||||||||||||||
Total | $ | 612,770 | $ | 615,790 | $ | 625,705 | $ | 15,791 | $ | (5,876 | ) | ||||||||||||||||||||||||||||||||||||||
1 | Carrying value includes $3.0 million of net unrealized gain which remains in Accumulated other comprehensive income (“AOCI”) in the Consolidated Balance Sheets related to certain securities transferred from the Available for Sale securities portfolio to the Investment securities portfolio as discussed in greater detail following. | ||||||||||||||||||||||||||||||||||||||||||||||||
2 | Gross unrealized gains and losses are not recognized in AOCI in the Consolidated Balance Sheets. | ||||||||||||||||||||||||||||||||||||||||||||||||
During the three months ended September 30, 2011, the Company transferred certain U.S. government agency residential mortgage-backed securities from the available for sale portfolio to the investment securities (held-to-maturity) portfolio as the Company has the positive intent and ability to hold these securities to maturity. No gains or losses were recognized in the Consolidated Statement of Earnings at the time of the transfer. Transfers of debt securities into the investment securities portfolio (held-to-maturity) are made at fair value at the date of transfer. The unrealized holding gain or loss at the date of transfer is retained in accumulated other comprehensive income and in the carrying value of the investment securities portfolio. Such amounts are amortized over the estimated remaining life of the security as an adjustment to yield, offsetting the related amortization of the premium or accretion of the discount on the transferred securities. At the time of transfer, the fair value totaled $131 million, amortized cost totaled $118 million and the pretax unrealized gain totaled $13 million. | |||||||||||||||||||||||||||||||||||||||||||||||||
The amortized cost and fair values of investment securities at June 30, 2014, by contractual maturity, are as shown in the following table (dollars in thousands): | |||||||||||||||||||||||||||||||||||||||||||||||||
Less than | One to | Six to | Over | Total | Weighted | ||||||||||||||||||||||||||||||||||||||||||||
One Year | Five Years | Ten Years | Ten Years | Average | |||||||||||||||||||||||||||||||||||||||||||||
Maturity² | |||||||||||||||||||||||||||||||||||||||||||||||||
Municipal and other tax-exempt: | |||||||||||||||||||||||||||||||||||||||||||||||||
Carrying value | $ | 36,962 | $ | 296,908 | $ | 52,328 | $ | 39,023 | $ | 425,221 | 4.14 | ||||||||||||||||||||||||||||||||||||||
Fair value | 37,136 | 298,655 | 52,567 | 40,693 | 429,051 | ||||||||||||||||||||||||||||||||||||||||||||
Nominal yield¹ | 1.99 | % | 1.7 | % | 2.64 | % | 5.35 | % | 2.18 | % | |||||||||||||||||||||||||||||||||||||||
Other debt securities: | |||||||||||||||||||||||||||||||||||||||||||||||||
Carrying value | 12,853 | 32,853 | 47,576 | 89,461 | 182,743 | 8.32 | |||||||||||||||||||||||||||||||||||||||||||
Fair value | 12,909 | 33,627 | 50,213 | 100,835 | 197,584 | ||||||||||||||||||||||||||||||||||||||||||||
Nominal yield | 3.54 | % | 4.78 | % | 5.37 | % | 6.32 | % | 5.6 | % | |||||||||||||||||||||||||||||||||||||||
Total fixed maturity securities: | |||||||||||||||||||||||||||||||||||||||||||||||||
Carrying value | $ | 49,815 | $ | 329,761 | $ | 99,904 | $ | 128,484 | $ | 607,964 | 5.39 | ||||||||||||||||||||||||||||||||||||||
Fair value | 50,045 | 332,282 | 102,780 | 141,528 | 626,635 | ||||||||||||||||||||||||||||||||||||||||||||
Nominal yield | 2.39 | % | 2.01 | % | 3.94 | % | 6.02 | % | 3.2 | % | |||||||||||||||||||||||||||||||||||||||
Residential mortgage-backed securities: | |||||||||||||||||||||||||||||||||||||||||||||||||
Carrying value | $ | 41,973 | ³ | ||||||||||||||||||||||||||||||||||||||||||||||
Fair value | 44,176 | ||||||||||||||||||||||||||||||||||||||||||||||||
Nominal yield4 | 2.74 | % | |||||||||||||||||||||||||||||||||||||||||||||||
Total investment securities: | |||||||||||||||||||||||||||||||||||||||||||||||||
Carrying value | $ | 649,937 | |||||||||||||||||||||||||||||||||||||||||||||||
Fair value | 670,811 | ||||||||||||||||||||||||||||||||||||||||||||||||
Nominal yield | 3.17 | % | |||||||||||||||||||||||||||||||||||||||||||||||
1 | Calculated on a taxable equivalent basis using a 39% effective tax rate. | ||||||||||||||||||||||||||||||||||||||||||||||||
2 | Expected maturities may differ from contractual maturities, because borrowers may have the right to call or prepay obligations with or without penalty. | ||||||||||||||||||||||||||||||||||||||||||||||||
3 | The average expected lives of residential mortgage-backed securities were 2.9 years based upon current prepayment assumptions. | ||||||||||||||||||||||||||||||||||||||||||||||||
4 | The nominal yield on residential mortgage-backed securities is based upon prepayment assumptions at the purchase date. Actual yields earned may differ significantly based upon actual prepayments. See Quarterly Financial Summary - Unaudited for current yields on the investment securities portfolio. | ||||||||||||||||||||||||||||||||||||||||||||||||
Available For Sale Securities [Table Text Block] | ' | ||||||||||||||||||||||||||||||||||||||||||||||||
The amortized cost and fair value of available for sale securities are as follows (in thousands): | |||||||||||||||||||||||||||||||||||||||||||||||||
June 30, 2014 | |||||||||||||||||||||||||||||||||||||||||||||||||
Amortized | Fair | Gross Unrealized1 | |||||||||||||||||||||||||||||||||||||||||||||||
Cost | Value | Gain | Loss | OTTI² | |||||||||||||||||||||||||||||||||||||||||||||
U.S. Treasury | $ | 1,023 | $ | 1,024 | $ | 1 | $ | — | $ | — | |||||||||||||||||||||||||||||||||||||||
Municipal and other tax-exempt | 63,931 | 64,970 | 1,624 | (585 | ) | — | |||||||||||||||||||||||||||||||||||||||||||
Residential mortgage-backed securities: | |||||||||||||||||||||||||||||||||||||||||||||||||
U. S. government agencies: | |||||||||||||||||||||||||||||||||||||||||||||||||
FNMA | 4,297,579 | 4,364,168 | 82,436 | (15,847 | ) | — | |||||||||||||||||||||||||||||||||||||||||||
FHLMC | 2,055,924 | 2,068,940 | 27,019 | (14,003 | ) | — | |||||||||||||||||||||||||||||||||||||||||||
GNMA | 815,201 | 820,454 | 8,850 | (3,597 | ) | — | |||||||||||||||||||||||||||||||||||||||||||
Other | 5,489 | 5,942 | 453 | — | — | ||||||||||||||||||||||||||||||||||||||||||||
Total U.S. government agencies | 7,174,193 | 7,259,504 | 118,758 | (33,447 | ) | — | |||||||||||||||||||||||||||||||||||||||||||
Private issue: | |||||||||||||||||||||||||||||||||||||||||||||||||
Alt-A loans | 70,880 | 75,700 | 4,820 | — | — | ||||||||||||||||||||||||||||||||||||||||||||
Jumbo-A loans | 97,939 | 103,342 | 5,889 | — | (486 | ) | |||||||||||||||||||||||||||||||||||||||||||
Total private issue | 168,819 | 179,042 | 10,709 | — | (486 | ) | |||||||||||||||||||||||||||||||||||||||||||
Total residential mortgage-backed securities | 7,343,012 | 7,438,546 | 129,467 | (33,447 | ) | (486 | ) | ||||||||||||||||||||||||||||||||||||||||||
Commercial mortgage-backed securities guaranteed by U.S. government agencies | 2,129,521 | 2,115,295 | 5,539 | (19,765 | ) | — | |||||||||||||||||||||||||||||||||||||||||||
Other debt securities | 34,501 | 34,528 | 195 | (168 | ) | — | |||||||||||||||||||||||||||||||||||||||||||
Perpetual preferred stock | 22,171 | 24,730 | 2,559 | — | — | ||||||||||||||||||||||||||||||||||||||||||||
Equity securities and mutual funds | 19,507 | 20,053 | 780 | (234 | ) | — | |||||||||||||||||||||||||||||||||||||||||||
Total | $ | 9,613,666 | $ | 9,699,146 | $ | 140,165 | $ | (54,199 | ) | $ | (486 | ) | |||||||||||||||||||||||||||||||||||||
1 Gross unrealized gain/loss recognized in AOCI in the consolidated balance sheet. | |||||||||||||||||||||||||||||||||||||||||||||||||
2 Amounts represent unrealized loss that remains in AOCI after an other-than-temporary credit loss has been recognized in income. | |||||||||||||||||||||||||||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||||||||||||||||||||||||||
Amortized | Fair | Gross Unrealized¹ | |||||||||||||||||||||||||||||||||||||||||||||||
Cost | Value | Gain | Loss | OTTI² | |||||||||||||||||||||||||||||||||||||||||||||
U.S. Treasury | $ | 1,042 | $ | 1,042 | $ | — | $ | — | $ | — | |||||||||||||||||||||||||||||||||||||||
Municipal and other tax-exempt | 73,232 | 73,775 | 1,606 | (1,063 | ) | — | |||||||||||||||||||||||||||||||||||||||||||
Residential mortgage-backed securities: | |||||||||||||||||||||||||||||||||||||||||||||||||
U. S. government agencies: | |||||||||||||||||||||||||||||||||||||||||||||||||
FNMA | 4,224,327 | 4,232,332 | 68,154 | (60,149 | ) | — | |||||||||||||||||||||||||||||||||||||||||||
FHLMC | 2,308,341 | 2,293,943 | 25,813 | (40,211 | ) | — | |||||||||||||||||||||||||||||||||||||||||||
GNMA | 1,151,225 | 1,152,128 | 9,435 | (8,532 | ) | — | |||||||||||||||||||||||||||||||||||||||||||
Other | 36,296 | 37,607 | 1,311 | — | — | ||||||||||||||||||||||||||||||||||||||||||||
Total U.S. government agencies | 7,720,189 | 7,716,010 | 104,713 | (108,892 | ) | — | |||||||||||||||||||||||||||||||||||||||||||
Private issue: | |||||||||||||||||||||||||||||||||||||||||||||||||
Alt-A loans | 104,559 | 107,212 | 4,386 | — | (1,733 | ) | |||||||||||||||||||||||||||||||||||||||||||
Jumbo-A loans | 109,622 | 113,887 | 4,974 | — | (709 | ) | |||||||||||||||||||||||||||||||||||||||||||
Total private issue | 214,181 | 221,099 | 9,360 | — | (2,442 | ) | |||||||||||||||||||||||||||||||||||||||||||
Total residential mortgage-backed securities | 7,934,370 | 7,937,109 | 114,073 | (108,892 | ) | (2,442 | ) | ||||||||||||||||||||||||||||||||||||||||||
Commercial mortgage-backed securities guaranteed by U.S. government agencies | 2,100,146 | 2,055,804 | 1,042 | (45,384 | ) | — | |||||||||||||||||||||||||||||||||||||||||||
Other debt securities | 35,061 | 35,241 | 368 | (188 | ) | — | |||||||||||||||||||||||||||||||||||||||||||
Perpetual preferred stock | 22,171 | 22,863 | 705 | (13 | ) | — | |||||||||||||||||||||||||||||||||||||||||||
Equity securities and mutual funds | 19,069 | 21,328 | 2,326 | (67 | ) | — | |||||||||||||||||||||||||||||||||||||||||||
Total | $ | 10,185,091 | $ | 10,147,162 | $ | 120,120 | $ | (155,607 | ) | $ | (2,442 | ) | |||||||||||||||||||||||||||||||||||||
1 Gross unrealized gain/loss recognized in AOCI in the consolidated balance sheet. | |||||||||||||||||||||||||||||||||||||||||||||||||
2 Amounts represent unrealized loss that remains in AOCI after an other-than-temporary credit loss has been recognized in income. | |||||||||||||||||||||||||||||||||||||||||||||||||
June 30, 2013 | |||||||||||||||||||||||||||||||||||||||||||||||||
Amortized | Fair | Gross Unrealized1 | |||||||||||||||||||||||||||||||||||||||||||||||
Cost | Value | Gain | Loss | OTTI² | |||||||||||||||||||||||||||||||||||||||||||||
U.S. Treasury | $ | 1,061 | $ | 1,060 | $ | — | $ | (1 | ) | $ | — | ||||||||||||||||||||||||||||||||||||||
Municipal and other tax-exempt | 95,974 | 95,103 | 1,653 | (1,870 | ) | (654 | ) | ||||||||||||||||||||||||||||||||||||||||||
Residential mortgage-backed securities: | |||||||||||||||||||||||||||||||||||||||||||||||||
U. S. government agencies: | |||||||||||||||||||||||||||||||||||||||||||||||||
FNMA | 4,648,337 | 4,687,141 | 78,285 | (39,481 | ) | — | |||||||||||||||||||||||||||||||||||||||||||
FHLMC | 2,695,506 | 2,715,896 | 32,994 | (12,604 | ) | — | |||||||||||||||||||||||||||||||||||||||||||
GNMA | 916,646 | 925,081 | 11,163 | (2,728 | ) | — | |||||||||||||||||||||||||||||||||||||||||||
Other | 42,563 | 44,677 | 2,114 | — | — | ||||||||||||||||||||||||||||||||||||||||||||
Total U.S. government agencies | 8,303,052 | 8,372,795 | 124,556 | (54,813 | ) | — | |||||||||||||||||||||||||||||||||||||||||||
Private issue: | |||||||||||||||||||||||||||||||||||||||||||||||||
Alt-A loans | 113,804 | 115,036 | 2,905 | — | (1,673 | ) | |||||||||||||||||||||||||||||||||||||||||||
Jumbo-A loans | 178,581 | 182,139 | 4,129 | (274 | ) | (297 | ) | ||||||||||||||||||||||||||||||||||||||||||
Total private issue | 292,385 | 297,175 | 7,034 | (274 | ) | (1,970 | ) | ||||||||||||||||||||||||||||||||||||||||||
Total residential mortgage-backed securities | 8,595,437 | 8,669,970 | 131,590 | (55,087 | ) | (1,970 | ) | ||||||||||||||||||||||||||||||||||||||||||
Commercial mortgage-backed securities guaranteed by U.S. government agencies | 1,885,585 | 1,846,943 | 343 | (38,985 | ) | — | |||||||||||||||||||||||||||||||||||||||||||
Other debt securities | 35,622 | 35,894 | 479 | (207 | ) | — | |||||||||||||||||||||||||||||||||||||||||||
Perpetual preferred stock | 22,172 | 25,583 | 3,439 | (28 | ) | — | |||||||||||||||||||||||||||||||||||||||||||
Equity securities and mutual funds | 19,990 | 23,521 | 3,736 | (205 | ) | — | |||||||||||||||||||||||||||||||||||||||||||
Total | $ | 10,655,841 | $ | 10,698,074 | $ | 141,240 | $ | (96,383 | ) | $ | (2,624 | ) | |||||||||||||||||||||||||||||||||||||
1 | Gross unrealized gain/loss recognized in AOCI in the consolidated balance sheet | ||||||||||||||||||||||||||||||||||||||||||||||||
2 | Amounts represent unrealized loss that remains in AOCI after an other-than-temporary credit loss has been recognized in income. | ||||||||||||||||||||||||||||||||||||||||||||||||
The amortized cost and fair values of available for sale securities at June 30, 2014, by contractual maturity, are as shown in the following table (dollars in thousands): | |||||||||||||||||||||||||||||||||||||||||||||||||
Less than | One to | Six to | Over | Total | Weighted | ||||||||||||||||||||||||||||||||||||||||||||
One Year | Five Years | Ten Years | Ten Years | Average | |||||||||||||||||||||||||||||||||||||||||||||
Maturity5 | |||||||||||||||||||||||||||||||||||||||||||||||||
U.S. Treasuries: | |||||||||||||||||||||||||||||||||||||||||||||||||
Amortized cost | $ | 1,023 | $ | — | $ | — | $ | — | $ | 1,023 | 0.63 | ||||||||||||||||||||||||||||||||||||||
Fair value | 1,024 | — | — | — | 1,024 | ||||||||||||||||||||||||||||||||||||||||||||
Nominal yield | 0.24 | % | — | % | — | % | — | % | 0.24 | % | |||||||||||||||||||||||||||||||||||||||
Municipal and other tax-exempt: | |||||||||||||||||||||||||||||||||||||||||||||||||
Amortized cost | $ | 3,404 | $ | 33,797 | $ | 2,778 | $ | 23,952 | $ | 63,931 | 8.67 | ||||||||||||||||||||||||||||||||||||||
Fair value | 3,432 | 35,004 | 3,032 | 23,502 | 64,970 | ||||||||||||||||||||||||||||||||||||||||||||
Nominal yield¹ | 3.96 | % | 4 | % | 6.25 | % | 1.92 | % | 6 | 3.32 | % | ||||||||||||||||||||||||||||||||||||||
Commercial mortgage-backed securities: | |||||||||||||||||||||||||||||||||||||||||||||||||
Amortized cost | $ | — | $ | 626,496 | $ | 1,156,265 | $ | 346,760 | $ | 2,129,521 | 8.84 | ||||||||||||||||||||||||||||||||||||||
Fair value | — | 624,969 | 1,146,932 | 343,394 | 2,115,295 | ||||||||||||||||||||||||||||||||||||||||||||
Nominal yield | — | % | 1.3 | % | 1.63 | % | 1.27 | % | 1.47 | % | |||||||||||||||||||||||||||||||||||||||
Other debt securities: | |||||||||||||||||||||||||||||||||||||||||||||||||
Amortized cost | $ | 30,101 | $ | — | $ | — | $ | 4,400 | $ | 34,501 | 4.64 | ||||||||||||||||||||||||||||||||||||||
Fair value | 30,297 | — | — | 4,231 | 34,528 | ||||||||||||||||||||||||||||||||||||||||||||
Nominal yield | 1.8 | % | — | % | — | % | 1.71 | % | 6 | 1.79 | % | ||||||||||||||||||||||||||||||||||||||
Total fixed maturity securities: | |||||||||||||||||||||||||||||||||||||||||||||||||
Amortized cost | $ | 34,528 | $ | 660,293 | $ | 1,159,043 | $ | 375,112 | $ | 2,228,976 | 8.77 | ||||||||||||||||||||||||||||||||||||||
Fair value | 34,753 | 659,973 | 1,149,964 | 371,127 | 2,215,817 | ||||||||||||||||||||||||||||||||||||||||||||
Nominal yield | 1.97 | % | 1.44 | % | 1.64 | % | 1.32 | % | 1.53 | % | |||||||||||||||||||||||||||||||||||||||
Residential mortgage-backed securities: | |||||||||||||||||||||||||||||||||||||||||||||||||
Amortized cost | $ | 7,343,012 | 2 | ||||||||||||||||||||||||||||||||||||||||||||||
Fair value | 7,438,546 | ||||||||||||||||||||||||||||||||||||||||||||||||
Nominal yield4 | 1.87 | % | |||||||||||||||||||||||||||||||||||||||||||||||
Equity securities and mutual funds: | |||||||||||||||||||||||||||||||||||||||||||||||||
Amortized cost | $ | 41,678 | ³ | ||||||||||||||||||||||||||||||||||||||||||||||
Fair value | 44,783 | ||||||||||||||||||||||||||||||||||||||||||||||||
Nominal yield | 1.26 | % | |||||||||||||||||||||||||||||||||||||||||||||||
Total available-for-sale securities: | |||||||||||||||||||||||||||||||||||||||||||||||||
Amortized cost | $ | 9,613,666 | |||||||||||||||||||||||||||||||||||||||||||||||
Fair value | 9,699,146 | ||||||||||||||||||||||||||||||||||||||||||||||||
Nominal yield | 1.79 | % | |||||||||||||||||||||||||||||||||||||||||||||||
1 | Calculated on a taxable equivalent basis using a 39% effective tax rate. | ||||||||||||||||||||||||||||||||||||||||||||||||
2 | The average expected lives of mortgage-backed securities were 3.5 years based upon current prepayment assumptions. | ||||||||||||||||||||||||||||||||||||||||||||||||
3 | Primarily common stock and preferred stock of corporate issuers with no stated maturity. | ||||||||||||||||||||||||||||||||||||||||||||||||
4 | The nominal yield on mortgage-backed securities is based upon prepayment assumptions at the purchase date. Actual yields earned may differ significantly based upon actual prepayments. See Quarterly Financial Summary –– Unaudited following for current yields on available for sale securities portfolio. | ||||||||||||||||||||||||||||||||||||||||||||||||
5 | Expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without penalty. | ||||||||||||||||||||||||||||||||||||||||||||||||
6 | Nominal yield on municipal and other tax-exempt securities and other debt securities with contractual maturity dates over ten years are based on variable rates which generally are reset within 35 days. | ||||||||||||||||||||||||||||||||||||||||||||||||
Sales of available for sale securities resulted in gains and losses as follows (in thousands): | |||||||||||||||||||||||||||||||||||||||||||||||||
Three Months Ended | Six Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||
June 30, | June 30, | ||||||||||||||||||||||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||||||||||||||||||||||||||||
Proceeds | $ | 800,405 | $ | 1,083,001 | $ | 1,331,190 | $ | 1,784,881 | |||||||||||||||||||||||||||||||||||||||||
Gross realized gains | 9,894 | 9,992 | 16,327 | 15,784 | |||||||||||||||||||||||||||||||||||||||||||||
Gross realized losses | (9,890 | ) | (6,239 | ) | (15,083 | ) | (7,176 | ) | |||||||||||||||||||||||||||||||||||||||||
Related federal and state income tax expense | 2 | 1,460 | 484 | 3,349 | |||||||||||||||||||||||||||||||||||||||||||||
Securities Pledged As Collateral [Table Text Block] | ' | ||||||||||||||||||||||||||||||||||||||||||||||||
June 30, | December 31, | June 30, | |||||||||||||||||||||||||||||||||||||||||||||||
2014 | 2013 | 2013 | |||||||||||||||||||||||||||||||||||||||||||||||
Investment: | |||||||||||||||||||||||||||||||||||||||||||||||||
Carrying value | $ | 77,835 | $ | 89,087 | $ | 97,286 | |||||||||||||||||||||||||||||||||||||||||||
Fair value | 81,248 | 91,804 | 100,644 | ||||||||||||||||||||||||||||||||||||||||||||||
Available for sale: | |||||||||||||||||||||||||||||||||||||||||||||||||
Amortized cost | 5,556,130 | 5,171,782 | 5,078,098 | ||||||||||||||||||||||||||||||||||||||||||||||
Fair value | 5,583,008 | 5,133,530 | 5,103,507 | ||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Unrealized Loss on Investments [Table Text Block] | ' | ||||||||||||||||||||||||||||||||||||||||||||||||
Temporarily Impaired Securities as of June 30, 2014 | |||||||||||||||||||||||||||||||||||||||||||||||||
(in thousands): | |||||||||||||||||||||||||||||||||||||||||||||||||
Number of Securities | Less Than 12 Months | 12 Months or Longer | Total | ||||||||||||||||||||||||||||||||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | ||||||||||||||||||||||||||||||||||||||||||||
Value | Loss | Value | Loss | Value | Loss | ||||||||||||||||||||||||||||||||||||||||||||
Investment: | |||||||||||||||||||||||||||||||||||||||||||||||||
Municipal and other tax-exempt | 42 | $ | — | $ | — | $ | 104,959 | $ | 612 | $ | 104,959 | $ | 612 | ||||||||||||||||||||||||||||||||||||
U.S. Agency residential mortgage-backed securities – Other | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||
Other debt securities | 30 | 3,593 | 40 | 808 | 33 | 4,401 | 73 | ||||||||||||||||||||||||||||||||||||||||||
Total investment | 72 | $ | 3,593 | $ | 40 | $ | 105,767 | $ | 645 | $ | 109,360 | $ | 685 | ||||||||||||||||||||||||||||||||||||
Number of Securities | Less Than 12 Months | 12 Months or Longer | Total | ||||||||||||||||||||||||||||||||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | ||||||||||||||||||||||||||||||||||||||||||||
Value | Loss | Value | Loss | Value | Loss | ||||||||||||||||||||||||||||||||||||||||||||
Available for sale: | |||||||||||||||||||||||||||||||||||||||||||||||||
Municipal and other tax-exempt | 23 | $ | 571 | $ | — | $ | 22,270 | $ | 585 | $ | 22,841 | $ | 585 | ||||||||||||||||||||||||||||||||||||
Residential mortgage-backed securities: | |||||||||||||||||||||||||||||||||||||||||||||||||
U. S. agencies: | |||||||||||||||||||||||||||||||||||||||||||||||||
FNMA | 33 | — | — | 890,711 | 15,847 | 890,711 | 15,847 | ||||||||||||||||||||||||||||||||||||||||||
FHLMC | 37 | 255,401 | 951 | 712,951 | 13,052 | 968,352 | 14,003 | ||||||||||||||||||||||||||||||||||||||||||
GNMA | 7 | 77,869 | 6 | 153,596 | 3,591 | 231,465 | 3,597 | ||||||||||||||||||||||||||||||||||||||||||
Total U.S. agencies | 77 | 333,270 | 957 | 1,757,258 | 32,490 | 2,090,528 | 33,447 | ||||||||||||||||||||||||||||||||||||||||||
Private issue1: | |||||||||||||||||||||||||||||||||||||||||||||||||
Alt-A loans | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||
Jumbo-A loans | 11 | 19,976 | 486 | — | — | 19,976 | 486 | ||||||||||||||||||||||||||||||||||||||||||
Total private issue | 11 | 19,976 | 486 | — | — | 19,976 | 486 | ||||||||||||||||||||||||||||||||||||||||||
Total residential mortgage-backed securities | 88 | 353,246 | 1,443 | 1,757,258 | 32,490 | 2,110,504 | 33,933 | ||||||||||||||||||||||||||||||||||||||||||
Commercial mortgage-backed securities guaranteed by U.S. government agencies | 96 | 114,048 | 488 | 1,242,462 | 19,277 | 1,356,510 | 19,765 | ||||||||||||||||||||||||||||||||||||||||||
Other debt securities | 2 | — | — | 4,231 | 168 | 4,231 | 168 | ||||||||||||||||||||||||||||||||||||||||||
Perpetual preferred stocks | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||
Equity securities and mutual funds | 80 | 5,298 | 195 | 1,306 | 39 | 6,604 | 234 | ||||||||||||||||||||||||||||||||||||||||||
Total available for sale | 289 | $ | 473,163 | $ | 2,126 | $ | 3,027,527 | $ | 52,559 | $ | 3,500,690 | $ | 54,685 | ||||||||||||||||||||||||||||||||||||
1Includes the following securities for which an unrealized loss remains in AOCI after an other-than-temporary credit loss has been recognized in income: | |||||||||||||||||||||||||||||||||||||||||||||||||
Alt-A loans | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||
Jumbo-A loans | 11 | 19,976 | 486 | — | — | 19,976 | 486 | ||||||||||||||||||||||||||||||||||||||||||
Temporarily Impaired Securities as of December 31, 2013 | |||||||||||||||||||||||||||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||||||||||||||||||||||
Number of Securities | Less Than 12 Months | 12 Months or Longer | Total | ||||||||||||||||||||||||||||||||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | ||||||||||||||||||||||||||||||||||||||||||||
Value | Loss | Value | Loss | Value | Loss | ||||||||||||||||||||||||||||||||||||||||||||
Investment: | |||||||||||||||||||||||||||||||||||||||||||||||||
Municipal and other tax-exempt | 107 | $ | 166,382 | $ | 1,921 | $ | 53,073 | $ | 848 | $ | 219,455 | $ | 2,769 | ||||||||||||||||||||||||||||||||||||
U.S. Agency residential mortgage-backed securities – Other | 2 | 15,224 | 56 | — | — | 15,224 | 56 | ||||||||||||||||||||||||||||||||||||||||||
Other debt securities | 30 | 10,932 | 549 | 777 | 64 | 11,709 | 613 | ||||||||||||||||||||||||||||||||||||||||||
Total investment | 139 | $ | 192,538 | $ | 2,526 | $ | 53,850 | $ | 912 | $ | 246,388 | $ | 3,438 | ||||||||||||||||||||||||||||||||||||
Number of Securities | Less Than 12 Months | 12 Months or Longer | Total | ||||||||||||||||||||||||||||||||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | ||||||||||||||||||||||||||||||||||||||||||||
Value | Loss | Value | Loss | Value | Loss | ||||||||||||||||||||||||||||||||||||||||||||
Available for sale: | |||||||||||||||||||||||||||||||||||||||||||||||||
Municipal and other tax-exempt | 27 | $ | 13,286 | $ | 245 | $ | 17,805 | $ | 818 | $ | 31,091 | $ | 1,063 | ||||||||||||||||||||||||||||||||||||
Residential mortgage-backed securities: | |||||||||||||||||||||||||||||||||||||||||||||||||
U. S. agencies: | |||||||||||||||||||||||||||||||||||||||||||||||||
FNMA | 81 | 2,281,491 | 60,149 | — | — | 2,281,491 | 60,149 | ||||||||||||||||||||||||||||||||||||||||||
FHLMC | 50 | 1,450,588 | 40,211 | — | — | 1,450,588 | 40,211 | ||||||||||||||||||||||||||||||||||||||||||
GNMA | 27 | 647,058 | 8,532 | — | — | 647,058 | 8,532 | ||||||||||||||||||||||||||||||||||||||||||
Total U.S. agencies | 158 | 4,379,137 | 108,892 | — | — | 4,379,137 | 108,892 | ||||||||||||||||||||||||||||||||||||||||||
Private issue1: | |||||||||||||||||||||||||||||||||||||||||||||||||
Alt-A loans | 7 | 11,043 | 756 | 30,774 | 977 | 41,817 | 1,733 | ||||||||||||||||||||||||||||||||||||||||||
Jumbo-A loans | 9 | 14,642 | 709 | — | — | 14,642 | 709 | ||||||||||||||||||||||||||||||||||||||||||
Total private issue | 16 | 25,685 | 1,465 | 30,774 | 977 | 56,459 | 2,442 | ||||||||||||||||||||||||||||||||||||||||||
Total residential mortgage-backed securities | 174 | 4,404,822 | 110,357 | 30,774 | 977 | 4,435,596 | 111,334 | ||||||||||||||||||||||||||||||||||||||||||
Commercial mortgage-backed securities guaranteed by U.S. government agencies | 123 | 1,800,717 | 45,302 | 2,286 | 82 | 1,803,003 | 45,384 | ||||||||||||||||||||||||||||||||||||||||||
Other debt securities | 3 | 4,712 | 188 | — | — | 4,712 | 188 | ||||||||||||||||||||||||||||||||||||||||||
Perpetual preferred stocks | 1 | 4,988 | 13 | — | — | 4,988 | 13 | ||||||||||||||||||||||||||||||||||||||||||
Equity securities and mutual funds | 118 | 2,070 | 67 | — | — | 2,070 | 67 | ||||||||||||||||||||||||||||||||||||||||||
Total available for sale | 446 | $ | 6,230,595 | $ | 156,172 | $ | 50,865 | $ | 1,877 | $ | 6,281,460 | $ | 158,049 | ||||||||||||||||||||||||||||||||||||
1 | Includes the following securities for which an unrealized loss remains in AOCI after an other-than-temporary credit loss has been recognized in income: | ||||||||||||||||||||||||||||||||||||||||||||||||
Alt-A loans | 7 | $ | 11,043 | $ | 756 | $ | 30,774 | $ | 977 | $ | 41,817 | $ | 1,733 | ||||||||||||||||||||||||||||||||||||
Jumbo-A loans | 9 | 14,642 | 709 | — | — | 14,642 | 709 | ||||||||||||||||||||||||||||||||||||||||||
Temporarily Impaired Securities as of June 30, 2013 | |||||||||||||||||||||||||||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||||||||||||||||||||||
Number of Securities | Less Than 12 Months | 12 Months or Longer | Total | ||||||||||||||||||||||||||||||||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | ||||||||||||||||||||||||||||||||||||||||||||
Value | Loss | Value | Loss | Value | Loss | ||||||||||||||||||||||||||||||||||||||||||||
Investment: | |||||||||||||||||||||||||||||||||||||||||||||||||
Municipal and other tax-exempt | 149 | $ | 271,897 | $ | 5,816 | $ | — | $ | — | $ | 271,897 | $ | 5,816 | ||||||||||||||||||||||||||||||||||||
U.S. Agency residential mortgage-backed securities – Other | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||
Other debt securities | 14 | 841 | 60 | — | — | 841 | 60 | ||||||||||||||||||||||||||||||||||||||||||
Total investment | 163 | $ | 272,738 | $ | 5,876 | $ | — | $ | — | $ | 272,738 | $ | 5,876 | ||||||||||||||||||||||||||||||||||||
Number of Securities | Less Than 12 Months | 12 Months or Longer | Total | ||||||||||||||||||||||||||||||||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | ||||||||||||||||||||||||||||||||||||||||||||
Value | Loss | Value | Loss | Value | Loss | ||||||||||||||||||||||||||||||||||||||||||||
Available for sale: | |||||||||||||||||||||||||||||||||||||||||||||||||
U.S. Treasury | 1 | $ | 1,060 | $ | 1 | $ | — | $ | — | $ | 1,060 | $ | 1 | ||||||||||||||||||||||||||||||||||||
Municipal and other tax-exempt1 | 86 | $ | 66,168 | $ | 2,524 | $ | — | $ | — | $ | 66,168 | $ | 2,524 | ||||||||||||||||||||||||||||||||||||
Residential mortgage-backed securities: | |||||||||||||||||||||||||||||||||||||||||||||||||
U. S. agencies: | |||||||||||||||||||||||||||||||||||||||||||||||||
FNMA | 72 | 2,196,603 | 39,481 | — | — | 2,196,603 | 39,481 | ||||||||||||||||||||||||||||||||||||||||||
FHLMC | 38 | 1,202,545 | 12,604 | — | — | 1,202,545 | 12,604 | ||||||||||||||||||||||||||||||||||||||||||
GNMA | 13 | 197,149 | 2,728 | — | — | 197,149 | 2,728 | ||||||||||||||||||||||||||||||||||||||||||
Total U.S. agencies | 123 | 3,596,297 | 54,813 | — | — | 3,596,297 | 54,813 | ||||||||||||||||||||||||||||||||||||||||||
Private issue1: | |||||||||||||||||||||||||||||||||||||||||||||||||
Alt-A loans | 10 | 51,681 | 1,236 | 3,379 | 437 | 55,060 | 1,673 | ||||||||||||||||||||||||||||||||||||||||||
Jumbo-A loans | 2 | 17,615 | 296 | 12,298 | 275 | 29,913 | 571 | ||||||||||||||||||||||||||||||||||||||||||
Total private issue | 12 | 69,296 | 1,532 | 15,677 | 712 | 84,973 | 2,244 | ||||||||||||||||||||||||||||||||||||||||||
Total residential mortgage-backed securities | 135 | 3,665,593 | 56,345 | 15,677 | 712 | 3,681,270 | 57,057 | ||||||||||||||||||||||||||||||||||||||||||
Commercial mortgage-backed securities guaranteed by U.S. government agencies | 113 | 1,730,306 | 38,985 | — | — | 1,730,306 | 38,985 | ||||||||||||||||||||||||||||||||||||||||||
Other debt securities | 4 | 5,193 | 207 | — | — | 5,193 | 207 | ||||||||||||||||||||||||||||||||||||||||||
Perpetual preferred stocks | 1 | 4,973 | 28 | — | — | 4,973 | 28 | ||||||||||||||||||||||||||||||||||||||||||
Equity securities and mutual funds | 7 | 3,558 | 205 | — | — | 3,558 | 205 | ||||||||||||||||||||||||||||||||||||||||||
Total available for sale | 347 | $ | 5,476,851 | $ | 98,295 | $ | 15,677 | $ | 712 | $ | 5,492,528 | $ | 99,007 | ||||||||||||||||||||||||||||||||||||
1 | Includes the following securities for which an unrealized loss remains in AOCI after an other-than-temporary credit loss has been recognized in income: | ||||||||||||||||||||||||||||||||||||||||||||||||
Municipal and other tax-exempt | 21 | $ | 11,731 | $ | 654 | $ | — | $ | — | $ | 11,731 | $ | 654 | ||||||||||||||||||||||||||||||||||||
Alt-A loans | 10 | 51,681 | 1,236 | 3,379 | 437 | 55,060 | 1,673 | ||||||||||||||||||||||||||||||||||||||||||
Jumbo-A loans | 2 | 17,615 | 296 | — | — | 17,615 | 296 | ||||||||||||||||||||||||||||||||||||||||||
Investments by Lowest Credit Rating [Table Text Block] | ' | ||||||||||||||||||||||||||||||||||||||||||||||||
At June 30, 2014, the composition of the Company’s investment and available for sale securities portfolios by the lowest current credit rating assigned by any of the three nationally-recognized rating agencies is as follows (in thousands): | |||||||||||||||||||||||||||||||||||||||||||||||||
AAA - AA | |||||||||||||||||||||||||||||||||||||||||||||||||
U.S. Govt / GSE 1 | A - BBB | Below Investment Grade | Not Rated | Total | |||||||||||||||||||||||||||||||||||||||||||||
Carrying | Fair | Carrying | Fair | Carrying | Fair | Carrying | Fair | Carrying | Fair | Carrying | Fair | ||||||||||||||||||||||||||||||||||||||
Value | Value | Value | Value | Value | Value | Value | Value | Value | Value | Value | Value | ||||||||||||||||||||||||||||||||||||||
Investment: | |||||||||||||||||||||||||||||||||||||||||||||||||
Municipal and other tax-exempt | $ | — | $ | — | $ | 271,498 | $ | 272,244 | $ | 16,497 | $ | 16,721 | $ | — | $ | — | $ | 137,226 | $ | 140,086 | $ | 425,221 | $ | 429,051 | |||||||||||||||||||||||||
Mortgage-backed securities -- other | 41,973 | 44,176 | — | — | — | — | — | — | — | — | 41,973 | 44,176 | |||||||||||||||||||||||||||||||||||||
Other debt securities | — | — | 160,353 | 175,071 | — | — | — | — | 22,390 | 22,513 | 182,743 | 197,584 | |||||||||||||||||||||||||||||||||||||
Total investment securities | $ | 41,973 | $ | 44,176 | $ | 431,851 | $ | 447,315 | $ | 16,497 | $ | 16,721 | $ | — | $ | — | $ | 159,616 | $ | 162,599 | $ | 649,937 | $ | 670,811 | |||||||||||||||||||||||||
U.S. Govt / GSE 1 | AAA - AA | Below Investment Grade | Not Rated | Total | |||||||||||||||||||||||||||||||||||||||||||||
A - BBB | |||||||||||||||||||||||||||||||||||||||||||||||||
Amortized Cost | Fair | Amortized Cost | Fair Value | Amortized Cost | Fair Value | Amortized Cost | Fair Value | Amortized Cost | Fair Value | Amortized Cost | Fair | ||||||||||||||||||||||||||||||||||||||
Value | Value | ||||||||||||||||||||||||||||||||||||||||||||||||
Available for Sale: | |||||||||||||||||||||||||||||||||||||||||||||||||
U.S. Treasury | $ | 1,023 | $ | 1,024 | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 1,023 | $ | 1,024 | |||||||||||||||||||||||||
Municipal and other tax-exempt | — | — | 40,967 | 42,360 | 11,505 | 11,225 | — | — | 11,459 | 11,385 | 63,931 | 64,970 | |||||||||||||||||||||||||||||||||||||
Residential mortgage-backed securities: | |||||||||||||||||||||||||||||||||||||||||||||||||
U. S. government agencies: | |||||||||||||||||||||||||||||||||||||||||||||||||
FNMA | 4,297,579 | 4,364,168 | — | — | — | — | — | — | — | — | 4,297,579 | 4,364,168 | |||||||||||||||||||||||||||||||||||||
FHLMC | 2,055,924 | 2,068,940 | — | — | — | — | — | — | — | — | 2,055,924 | 2,068,940 | |||||||||||||||||||||||||||||||||||||
GNMA | 815,201 | 820,454 | — | — | — | — | — | — | — | — | 815,201 | 820,454 | |||||||||||||||||||||||||||||||||||||
Other | 5,489 | 5,942 | — | — | — | — | — | — | — | — | 5,489 | 5,942 | |||||||||||||||||||||||||||||||||||||
Total U.S. government agencies | 7,174,193 | 7,259,504 | — | — | — | — | — | — | — | — | 7,174,193 | 7,259,504 | |||||||||||||||||||||||||||||||||||||
Private issue: | |||||||||||||||||||||||||||||||||||||||||||||||||
Alt-A loans | — | — | — | — | — | — | 70,880 | 75,700 | — | — | 70,880 | 75,700 | |||||||||||||||||||||||||||||||||||||
Jumbo-A loans | — | — | — | — | — | — | 97,939 | 103,342 | — | — | 97,939 | 103,342 | |||||||||||||||||||||||||||||||||||||
Total private issue | — | — | — | — | — | — | 168,819 | 179,042 | — | — | 168,819 | 179,042 | |||||||||||||||||||||||||||||||||||||
Total residential mortgage-backed securities | 7,174,193 | 7,259,504 | — | — | — | — | 168,819 | 179,042 | — | — | 7,343,012 | 7,438,546 | |||||||||||||||||||||||||||||||||||||
Commercial mortgage-backed securities guaranteed by U.S. government agencies | 2,129,521 | 2,115,295 | — | — | — | — | — | — | — | — | 2,129,521 | 2,115,295 | |||||||||||||||||||||||||||||||||||||
Other debt securities | — | — | 4,400 | 4,231 | 30,101 | 30,297 | — | — | — | — | 34,501 | 34,528 | |||||||||||||||||||||||||||||||||||||
Perpetual preferred stock | — | — | — | — | 11,406 | 12,588 | 10,765 | 12,142 | — | — | 22,171 | 24,730 | |||||||||||||||||||||||||||||||||||||
Equity securities and mutual funds | — | — | 4 | 505 | — | — | — | — | 19,503 | 19,548 | 19,507 | 20,053 | |||||||||||||||||||||||||||||||||||||
Total available for sale securities | $ | 9,304,737 | $ | 9,375,823 | $ | 45,371 | $ | 47,096 | $ | 53,012 | $ | 54,110 | $ | 179,584 | $ | 191,184 | $ | 30,962 | $ | 30,933 | $ | 9,613,666 | $ | 9,699,146 | |||||||||||||||||||||||||
1 | U.S. government and government sponsored enterprises are not rated by the nationally-recognized rating agencies as these securities are guaranteed by agencies of the U.S. government or government-sponsored enterprises. | ||||||||||||||||||||||||||||||||||||||||||||||||
Other-than-temporary impairement, Private Lable Mortgage-Backed Securities, Assumptions Used to Develop Projected Cash Flows [Table Text Block] | ' | ||||||||||||||||||||||||||||||||||||||||||||||||
The primary assumptions used in this evaluation were: | |||||||||||||||||||||||||||||||||||||||||||||||||
June 30, | December 31, | June 30, | |||||||||||||||||||||||||||||||||||||||||||||||
2014 | 2013 | 2013 | |||||||||||||||||||||||||||||||||||||||||||||||
Unemployment rate | Held constant at 6.7% over the next 12 months and remains at 6.7% thereafter. | Increasing to 7.3% over the next 12 months and remain at 7.3% thereafter. | Increasing to 8% over the next 12 months and remain at 8% thereafter. | ||||||||||||||||||||||||||||||||||||||||||||||
Housing price appreciation/depreciation | Starting with current depreciated housing prices based on information derived from the FHFA1, appreciating 4% over the next 12 months, then flat for the following 12 months and then appreciating at 2% per year thereafter. | Starting with current depreciated housing prices based on information derived from the FHFA1, appreciating 4% over the next 12 months, then flat for the following 12 months and then appreciating at 2% per year thereafter. | Starting with current depreciated housing prices based on information derived from the FHFA1, appreciating 5% over the next 12 months, then flat for he following 12 months and then appreciating at 2% per year thereafter. | ||||||||||||||||||||||||||||||||||||||||||||||
Estimated liquidation costs | Reflect actual historical liquidations costs observed on Jumbo and Alt-A residential mortgage loans in securities owned by the Company. | Reflect actual historical liquidations costs observed on Jumbo and Alt-A residential mortgage loans in securities owned by the Company. | Reflect actual historical liquidations costs observed on Jumbo and Alt-A residential mortgage loans in securities owned by the Company. | ||||||||||||||||||||||||||||||||||||||||||||||
Discount rates | Estimated cash flows were discounted at rates that range from 2.00% to 6.25% based on our current expected yields. | Estimated cash flows were discounted at rates that range from 2.00% to 6.25% based on our current expected yields. | Estimated cash flows were discounted at rates that range from 2.00% to 6.25% based on our current expected yields. | ||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Privately Issued Residential Mortgage-backed Securities [Table Text Block] | ' | ||||||||||||||||||||||||||||||||||||||||||||||||
Credit Losses Recognized | |||||||||||||||||||||||||||||||||||||||||||||||||
Three months ended | |||||||||||||||||||||||||||||||||||||||||||||||||
June 30, 2014 | Life-to-date | ||||||||||||||||||||||||||||||||||||||||||||||||
Number of Securities | Amortized Cost | Fair Value | Number of | Amount | Number of Securities | Amount | |||||||||||||||||||||||||||||||||||||||||||
Securities | |||||||||||||||||||||||||||||||||||||||||||||||||
Alt-A | 14 | $ | 70,880 | $ | 75,700 | — | $ | — | 14 | $ | 36,127 | ||||||||||||||||||||||||||||||||||||||
Jumbo-A | 30 | 97,939 | 103,342 | — | — | 29 | 18,220 | ||||||||||||||||||||||||||||||||||||||||||
Total | 44 | $ | 168,819 | $ | 179,042 | — | $ | — | 43 | $ | 54,347 | ||||||||||||||||||||||||||||||||||||||
Rollforward Other-than-temporary Impairment Credit Losses Recognized in Earnings [Table Text Block] | ' | ||||||||||||||||||||||||||||||||||||||||||||||||
The following is a tabular roll forward of the amount of credit-related OTTI recognized on available for sale debt securities in earnings (in thousands): | |||||||||||||||||||||||||||||||||||||||||||||||||
Three Months Ended | Six Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||
June 30, | June 30, | ||||||||||||||||||||||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||||||||||||||||||||||||||||
Balance of credit-related OTTI recognized on available for sale debt, beginning of period | $ | 54,347 | $ | 75,475 | $ | 67,346 | $ | 75,228 | |||||||||||||||||||||||||||||||||||||||||
Additions for credit-related OTTI not previously recognized | — | 552 | — | 552 | |||||||||||||||||||||||||||||||||||||||||||||
Additions for increases in credit-related OTTI previously recognized when there is no intent to sell and no requirement to sell before recovery of amortized cost | — | — | — | 247 | |||||||||||||||||||||||||||||||||||||||||||||
Reductions for change in intent to hold before recovery | — | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||
Sales | — | — | (12,999 | ) | — | ||||||||||||||||||||||||||||||||||||||||||||
Balance of credit-related OTTI recognized on available for sale debt securities, end of period | $ | 54,347 | $ | 76,027 | $ | 54,347 | $ | 76,027 | |||||||||||||||||||||||||||||||||||||||||
Fair Value Option Securities [Table Text Block] | ' | ||||||||||||||||||||||||||||||||||||||||||||||||
The fair value and net unrealized gain (loss) included in fair value option securities is as follows (in thousands): | |||||||||||||||||||||||||||||||||||||||||||||||||
June 30, 2014 | December 31, 2013 | June 30, 2013 | |||||||||||||||||||||||||||||||||||||||||||||||
Fair Value | Net Unrealized Gain (Loss) | Fair Value | Net Unrealized Gain (Loss) | Fair | Net Unrealized Gain (Loss) | ||||||||||||||||||||||||||||||||||||||||||||
Value | |||||||||||||||||||||||||||||||||||||||||||||||||
U.S. agency residential mortgage-backed securities | $ | 181,205 | $ | (1,720 | ) | $ | 157,431 | $ | (8,378 | ) | $ | 203,816 | $ | (8,048 | ) | ||||||||||||||||||||||||||||||||||
Other securities | 4,469 | 387 | 9,694 | 209 | 1,940 | (8 | ) | ||||||||||||||||||||||||||||||||||||||||||
Total | $ | 185,674 | $ | (1,333 | ) | $ | 167,125 | $ | (8,169 | ) | $ | 205,756 | $ | (8,056 | ) | ||||||||||||||||||||||||||||||||||
Schedule of Restricted Equity Securities [Table Text Block] | ' | ||||||||||||||||||||||||||||||||||||||||||||||||
June 30, 2014 | December 31, 2013 | June 30, 2013 | |||||||||||||||||||||||||||||||||||||||||||||||
Federal Reserve stock | $ | 33,971 | $ | 33,742 | $ | 33,695 | |||||||||||||||||||||||||||||||||||||||||||
Federal Home Loan Bank stock | 57,242 | 51,498 | 124,152 | ||||||||||||||||||||||||||||||||||||||||||||||
Total | $ | 91,213 | $ | 85,240 | $ | 157,847 | |||||||||||||||||||||||||||||||||||||||||||
Derivatives_Tables
Derivatives (Tables) | 6 Months Ended | ||||||||||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||||||||||
Derivative Instrument Detail [Abstract] | ' | ||||||||||||||||||||||||
Derivative Contracts [Table Text Block] | ' | ||||||||||||||||||||||||
The following table summarizes the fair values of derivative contracts recorded as “derivative contracts” assets and liabilities in the balance sheet at June 30, 2014 (in thousands): | |||||||||||||||||||||||||
Assets | |||||||||||||||||||||||||
Notional1 | Gross Fair Value | Netting Adjustments | Net Fair Value Before Cash Collateral | Cash Collateral | Fair Value Net of Cash Collateral | ||||||||||||||||||||
Customer risk management programs: | |||||||||||||||||||||||||
Interest rate contracts | |||||||||||||||||||||||||
To-be-announced residential mortgage-backed securities | $ | 14,576,481 | $ | 134,411 | $ | (53,746 | ) | $ | 80,665 | $ | — | $ | 80,665 | ||||||||||||
Interest rate swaps | 1,266,228 | 39,974 | — | 39,974 | — | 39,974 | |||||||||||||||||||
Energy contracts | 1,063,840 | 67,831 | (23,169 | ) | 44,662 | — | 44,662 | ||||||||||||||||||
Agricultural contracts | 36,050 | 2,528 | (223 | ) | 2,305 | — | 2,305 | ||||||||||||||||||
Foreign exchange contracts | 242,866 | 174,802 | — | 174,802 | — | 174,802 | |||||||||||||||||||
Equity option contracts | 205,904 | 16,962 | — | 16,962 | (1,690 | ) | 15,272 | ||||||||||||||||||
Total customer risk management programs | 17,391,369 | 436,508 | (77,138 | ) | 359,370 | (1,690 | ) | 357,680 | |||||||||||||||||
Interest rate risk management programs | — | — | — | — | — | — | |||||||||||||||||||
Total derivative contracts | $ | 17,391,369 | $ | 436,508 | $ | (77,138 | ) | $ | 359,370 | $ | (1,690 | ) | $ | 357,680 | |||||||||||
Liabilities | |||||||||||||||||||||||||
Notional¹ | Gross Fair Value | Netting Adjustments | Net Fair Value Before Cash Collateral | Cash Collateral | Fair Value Net of Cash Collateral | ||||||||||||||||||||
Customer risk management programs: | |||||||||||||||||||||||||
Interest rate contracts | |||||||||||||||||||||||||
To-be-announced residential mortgage-backed securities | $ | 14,734,106 | $ | 131,256 | $ | (53,746 | ) | $ | 77,510 | $ | — | $ | 77,510 | ||||||||||||
Interest rate swaps | 1,266,228 | 40,218 | — | 40,218 | (19,700 | ) | 20,518 | ||||||||||||||||||
Energy contracts | 1,049,835 | 66,742 | (23,169 | ) | 43,573 | (36,355 | ) | 7,218 | |||||||||||||||||
Agricultural contracts | 36,036 | 2,538 | (223 | ) | 2,315 | (2,298 | ) | 17 | |||||||||||||||||
Foreign exchange contracts | 242,791 | 174,477 | — | 174,477 | (680 | ) | 173,797 | ||||||||||||||||||
Equity option contracts | 205,904 | 16,962 | — | 16,962 | — | 16,962 | |||||||||||||||||||
Total customer risk management programs | 17,534,900 | 432,193 | (77,138 | ) | 355,055 | (59,033 | ) | 296,022 | |||||||||||||||||
Interest rate risk management programs | 47,000 | 1,829 | — | 1,829 | — | 1,829 | |||||||||||||||||||
Total derivative contracts | $ | 17,581,900 | $ | 434,022 | $ | (77,138 | ) | $ | 356,884 | $ | (59,033 | ) | $ | 297,851 | |||||||||||
1 | Notional amounts for commodity contracts are converted into dollar-equivalent amounts based on dollar prices at the inception of the contract. | ||||||||||||||||||||||||
The following table summarizes the fair values of derivative contracts recorded as “derivative contracts” assets and liabilities in the balance sheet at December 31, 2013 (in thousands): | |||||||||||||||||||||||||
Assets | |||||||||||||||||||||||||
Notional | Gross Fair Value | Netting Adjustments | Net Fair Value Before Cash Collateral | Cash Collateral | Fair Value Net of Cash Collateral | ||||||||||||||||||||
Customer risk management programs: | |||||||||||||||||||||||||
Interest rate contracts | |||||||||||||||||||||||||
To-be-announced residential mortgage-backed securities | $ | 10,817,159 | $ | 102,921 | $ | (46,623 | ) | $ | 56,298 | $ | — | $ | 56,298 | ||||||||||||
Interest rate swaps | 1,283,379 | 44,124 | — | 44,124 | (731 | ) | 43,393 | ||||||||||||||||||
Energy contracts | 1,263,266 | 48,078 | (29,957 | ) | 18,121 | (2,575 | ) | 15,546 | |||||||||||||||||
Agricultural contracts | 100,886 | 2,060 | (1,166 | ) | 894 | — | 894 | ||||||||||||||||||
Foreign exchange contracts | 136,543 | 136,543 | — | 136,543 | (2,147 | ) | 134,396 | ||||||||||||||||||
Equity option contracts | 210,816 | 17,957 | — | 17,957 | (3,472 | ) | 14,485 | ||||||||||||||||||
Total customer risk management programs | 13,812,049 | 351,683 | (77,746 | ) | 273,937 | (8,925 | ) | 265,012 | |||||||||||||||||
Interest rate risk management programs | — | — | — | — | — | — | |||||||||||||||||||
Total derivative contracts | $ | 13,812,049 | $ | 351,683 | $ | (77,746 | ) | $ | 273,937 | $ | (8,925 | ) | $ | 265,012 | |||||||||||
Liabilities | |||||||||||||||||||||||||
Notional | Gross Fair Value | Netting Adjustments | Net Fair Value Before Cash Collateral | Cash Collateral | Fair Value Net of Cash Collateral | ||||||||||||||||||||
Customer risk management programs: | |||||||||||||||||||||||||
Interest rate contracts | |||||||||||||||||||||||||
To-be-announced residential mortgage-backed securities | $ | 10,982,049 | $ | 99,830 | $ | (46,623 | ) | $ | 53,207 | $ | — | $ | 53,207 | ||||||||||||
Interest rate swaps | 1,283,379 | 44,377 | — | 44,377 | (17,853 | ) | 26,524 | ||||||||||||||||||
Energy contracts | 1,216,426 | 46,095 | (29,957 | ) | 16,138 | (6,055 | ) | 10,083 | |||||||||||||||||
Agricultural contracts | 99,191 | 2,009 | (1,166 | ) | 843 | — | 843 | ||||||||||||||||||
Foreign exchange contracts | 135,237 | 135,237 | — | 135,237 | (294 | ) | 134,943 | ||||||||||||||||||
Equity option contracts | 210,816 | 17,957 | — | 17,957 | — | 17,957 | |||||||||||||||||||
Total customer risk management programs | 13,927,098 | 345,505 | (77,746 | ) | 267,759 | (24,202 | ) | 243,557 | |||||||||||||||||
Interest rate risk management programs | 47,000 | 3,628 | — | 3,628 | — | 3,628 | |||||||||||||||||||
Total derivative contracts | $ | 13,974,098 | $ | 349,133 | $ | (77,746 | ) | $ | 271,387 | $ | (24,202 | ) | $ | 247,185 | |||||||||||
1 | Notional amounts for commodity contracts are converted into dollar-equivalent amounts based on dollar prices at the inception of the contract. | ||||||||||||||||||||||||
The following table summarizes the fair values of derivative contracts recorded as “derivative contracts” assets and liabilities in the balance sheet at June 30, 2013 (in thousands): | |||||||||||||||||||||||||
Assets | |||||||||||||||||||||||||
Notional1 | Gross Fair Value | Netting Adjustments | Net Fair Value Before Cash Collateral | Cash Collateral | Fair Value Net of Cash Collateral | ||||||||||||||||||||
Customer risk management programs: | |||||||||||||||||||||||||
Interest rate contracts | |||||||||||||||||||||||||
To-be-announced residential mortgage-backed securities | $ | 16,351,395 | $ | 545,290 | $ | (268,087 | ) | $ | 277,203 | $ | — | $ | 277,203 | ||||||||||||
Interest rate swaps | 1,381,836 | 51,745 | — | 51,745 | — | 51,745 | |||||||||||||||||||
Energy contracts | 1,501,959 | 65,414 | (35,376 | ) | 30,038 | (2,537 | ) | 27,501 | |||||||||||||||||
Agricultural contracts | 207,439 | 5,871 | (4,658 | ) | 1,213 | — | 1,213 | ||||||||||||||||||
Foreign exchange contracts | 177,643 | 177,643 | — | 177,643 | — | 177,643 | |||||||||||||||||||
Equity option contracts | 211,595 | 13,469 | — | 13,469 | (2,568 | ) | 10,901 | ||||||||||||||||||
Total customer risk management programs | 19,831,867 | 859,432 | (308,121 | ) | 551,311 | (5,105 | ) | 546,206 | |||||||||||||||||
Interest rate risk management programs | — | — | — | — | — | — | |||||||||||||||||||
Total derivative contracts | $ | 19,831,867 | $ | 859,432 | $ | (308,121 | ) | $ | 551,311 | $ | (5,105 | ) | $ | 546,206 | |||||||||||
Liabilities | |||||||||||||||||||||||||
Notional1 | Gross Fair Value | Netting Adjustments | Net Fair Value Before Cash Collateral | Cash Collateral | Fair Value Net of Cash Collateral | ||||||||||||||||||||
Customer risk management programs: | |||||||||||||||||||||||||
Interest rate contracts | |||||||||||||||||||||||||
To-be-announced residential mortgage-backed securities | $ | 16,439,531 | $ | 540,540 | $ | (268,087 | ) | $ | 272,453 | $ | — | $ | 272,453 | ||||||||||||
Interest rate swaps | 1,381,836 | 52,095 | — | 52,095 | (19,381 | ) | 32,714 | ||||||||||||||||||
Energy contracts | 1,441,957 | 63,515 | (35,376 | ) | 28,139 | (5,865 | ) | 22,274 | |||||||||||||||||
Agricultural contracts | 207,329 | 5,824 | (4,658 | ) | 1,166 | — | 1,166 | ||||||||||||||||||
Foreign exchange contracts | 177,187 | 177,187 | — | 177,187 | — | 177,187 | |||||||||||||||||||
Equity option contracts | 211,595 | 13,469 | — | 13,469 | — | 13,469 | |||||||||||||||||||
Total customer risk management programs | 19,859,435 | 852,630 | (308,121 | ) | 544,509 | (25,246 | ) | 519,263 | |||||||||||||||||
Interest rate risk management programs | 47,000 | 2,728 | — | 2,728 | — | 2,728 | |||||||||||||||||||
Total derivative contracts | $ | 19,906,435 | $ | 855,358 | $ | (308,121 | ) | $ | 547,237 | $ | (25,246 | ) | $ | 521,991 | |||||||||||
1 | Notional amounts for commodity contracts are converted into dollar-equivalent amounts based on dollar prices at the inception of the contract. | ||||||||||||||||||||||||
Derivative Instruments, Gain (Loss) in Statement of Earnings [Table Text Block] | ' | ||||||||||||||||||||||||
The following summarizes the pre-tax net gains (losses) on derivative instruments and where they are recorded in the income statement (in thousands): | |||||||||||||||||||||||||
Three Months Ended | |||||||||||||||||||||||||
June 30, 2014 | June 30, 2013 | ||||||||||||||||||||||||
Brokerage | Gain (Loss) | Brokerage | Gain (Loss) | ||||||||||||||||||||||
and Trading Revenue | on Derivatives, Net | and Trading | on Derivatives, | ||||||||||||||||||||||
Revenue | Net | ||||||||||||||||||||||||
Customer Risk Management Programs: | |||||||||||||||||||||||||
Interest rate contracts | |||||||||||||||||||||||||
To-be-announced residential mortgage-backed securities | $ | 224 | $ | — | $ | 1,716 | $ | — | |||||||||||||||||
Interest rate swaps | 524 | — | 768 | — | |||||||||||||||||||||
Energy contracts | 2,613 | — | 2,436 | — | |||||||||||||||||||||
Agricultural contracts | 38 | — | 77 | — | |||||||||||||||||||||
Foreign exchange contracts | 333 | — | 172 | — | |||||||||||||||||||||
Equity option contracts | — | — | — | — | |||||||||||||||||||||
Total customer risk management programs | 3,732 | — | 5,169 | — | |||||||||||||||||||||
Interest Rate Risk Management Programs | — | 831 | — | (2,527 | ) | ||||||||||||||||||||
Total Derivative Contracts | $ | 3,732 | $ | 831 | $ | 5,169 | $ | (2,527 | ) | ||||||||||||||||
Six Months Ended | |||||||||||||||||||||||||
June 30, 2014 | June 30, 2013 | ||||||||||||||||||||||||
Brokerage | Gain (Loss) | Brokerage | Gain (Loss) | ||||||||||||||||||||||
and Trading Revenue | on Derivatives, Net | and Trading | on Derivatives, | ||||||||||||||||||||||
Revenue | Net | ||||||||||||||||||||||||
Customer Risk Management Programs: | |||||||||||||||||||||||||
Interest rate contracts | |||||||||||||||||||||||||
To-be-announced residential mortgage-backed securities | $ | 64 | $ | — | $ | 1,701 | $ | — | |||||||||||||||||
Interest rate swaps | 1,031 | — | 1,535 | — | |||||||||||||||||||||
Energy contracts | 3,484 | — | 4,219 | — | |||||||||||||||||||||
Agricultural contracts | 101 | — | 185 | — | |||||||||||||||||||||
Foreign exchange contracts | 552 | — | 360 | — | |||||||||||||||||||||
Equity option contracts | — | — | — | — | |||||||||||||||||||||
Total customer risk management programs | 5,232 | — | 8,000 | — | |||||||||||||||||||||
Interest Rate Risk Management Programs | — | 1,799 | — | (3,468 | ) | ||||||||||||||||||||
Total Derivative Contracts | $ | 5,232 | $ | 1,799 | $ | 8,000 | $ | (3,468 | ) | ||||||||||||||||
Loans_and_Allowances_for_Credi1
Loans and Allowances for Credit Losses (Tables) | 6 Months Ended | |||||||||||||||||||||||||||||||||||
Jun. 30, 2014 | ||||||||||||||||||||||||||||||||||||
Loans Receivable, Net [Abstract] | ' | |||||||||||||||||||||||||||||||||||
Schedule of Loans by Portfolio Segment [Table Text Block] | ' | |||||||||||||||||||||||||||||||||||
Portfolio segments of the loan portfolio are as follows (in thousands): | ||||||||||||||||||||||||||||||||||||
June 30, 2014 | December 31, 2013 | |||||||||||||||||||||||||||||||||||
Fixed | Variable | Non-accrual | Total | Fixed | Variable | Non-accrual | Total | |||||||||||||||||||||||||||||
Rate | Rate | Rate | Rate | |||||||||||||||||||||||||||||||||
Commercial | $ | 1,681,348 | $ | 6,669,210 | $ | 17,103 | $ | 8,367,661 | $ | 1,637,620 | $ | 6,288,841 | $ | 16,760 | $ | 7,943,221 | ||||||||||||||||||||
Commercial real estate | 744,101 | 1,876,405 | 34,472 | 2,654,978 | 770,908 | 1,603,595 | 40,850 | 2,415,353 | ||||||||||||||||||||||||||||
Residential mortgage | 1,753,186 | 210,689 | 44,340 | 2,008,215 | 1,783,615 | 226,092 | 42,319 | 2,052,026 | ||||||||||||||||||||||||||||
Consumer | 115,185 | 280,054 | 765 | 396,004 | 135,494 | 244,950 | 1,220 | 381,664 | ||||||||||||||||||||||||||||
Total | $ | 4,293,820 | $ | 9,036,358 | $ | 96,680 | $ | 13,426,858 | $ | 4,327,637 | $ | 8,363,478 | $ | 101,149 | $ | 12,792,264 | ||||||||||||||||||||
Accruing loans past due (90 days)1 | $ | 67 | $ | 1,415 | ||||||||||||||||||||||||||||||||
June 30, 2013 | ||||||||||||||||||||||||||||||||||||
Fixed | Variable | Non-accrual | Total | |||||||||||||||||||||||||||||||||
Rate | Rate | |||||||||||||||||||||||||||||||||||
Commercial | $ | 1,447,823 | $ | 6,239,428 | $ | 20,869 | $ | 7,708,120 | ||||||||||||||||||||||||||||
Commercial real estate | 698,242 | 1,560,161 | 58,693 | 2,317,096 | ||||||||||||||||||||||||||||||||
Residential mortgage | 1,768,607 | 230,644 | 40,534 | 2,039,785 | ||||||||||||||||||||||||||||||||
Consumer | 142,737 | 231,007 | 2,037 | 375,781 | ||||||||||||||||||||||||||||||||
Total | $ | 4,057,409 | $ | 8,261,240 | $ | 122,133 | $ | 12,440,782 | ||||||||||||||||||||||||||||
Accruing loans past due (90 days)1 | $ | 2,460 | ||||||||||||||||||||||||||||||||||
1 | Excludes residential mortgage loans guaranteed by agencies of the U.S. government | |||||||||||||||||||||||||||||||||||
Rollforward of Allowance For Loan Losses And Accrual for Off-Balance Sheet Credit Losses [Table Text Block] | ' | |||||||||||||||||||||||||||||||||||
The activity in the allowance for loan losses and the allowance for off-balance sheet credit losses related to loan commitments and standby letters of credit for the three months ended June 30, 2014 is summarized as follows (in thousands): | ||||||||||||||||||||||||||||||||||||
Commercial | Commercial Real Estate | Residential Mortgage | Consumer | Nonspecific Allowance | Total | |||||||||||||||||||||||||||||||
Allowance for loan losses: | ||||||||||||||||||||||||||||||||||||
Beginning balance | $ | 85,246 | $ | 41,589 | $ | 28,307 | $ | 6,211 | $ | 26,965 | $ | 188,318 | ||||||||||||||||||||||||
Provision for loan losses | 1,393 | (2,958 | ) | 467 | 1,484 | (16 | ) | 370 | ||||||||||||||||||||||||||||
Loans charged off | (29 | ) | — | (1,842 | ) | (1,651 | ) | — | (3,522 | ) | ||||||||||||||||||||||||||
Recoveries | 1,196 | 2,621 | 722 | 985 | — | 5,524 | ||||||||||||||||||||||||||||||
Ending balance | $ | 87,806 | $ | 41,252 | $ | 27,654 | $ | 7,029 | $ | 26,949 | $ | 190,690 | ||||||||||||||||||||||||
Allowance for off-balance sheet credit losses: | ||||||||||||||||||||||||||||||||||||
Beginning balance | $ | 576 | $ | 1,040 | $ | 62 | $ | — | $ | — | $ | 1,678 | ||||||||||||||||||||||||
Provision for off-balance sheet credit losses | (231 | ) | (138 | ) | (19 | ) | 18 | — | (370 | ) | ||||||||||||||||||||||||||
Ending balance | $ | 345 | $ | 902 | $ | 43 | $ | 18 | $ | — | $ | 1,308 | ||||||||||||||||||||||||
Total provision for credit losses | $ | 1,162 | $ | (3,096 | ) | $ | 448 | $ | 1,502 | $ | (16 | ) | $ | — | ||||||||||||||||||||||
The activity in the allowance for loan losses and the allowance for off-balance sheet credit losses related to loan commitments and standby letters of credit for the six months ended June 30, 2014 is summarized as follows (in thousands): | ||||||||||||||||||||||||||||||||||||
Commercial | Commercial Real Estate | Residential Mortgage | Consumer | Nonspecific Allowance | Total | |||||||||||||||||||||||||||||||
Allowance for loan losses: | ||||||||||||||||||||||||||||||||||||
Beginning balance | $ | 79,180 | $ | 41,573 | $ | 29,465 | $ | 6,965 | $ | 28,213 | $ | 185,396 | ||||||||||||||||||||||||
Provision for loan losses | 5,618 | (4,549 | ) | (49 | ) | 1,024 | (1,264 | ) | 780 | |||||||||||||||||||||||||||
Loans charged off | (173 | ) | (220 | ) | (2,838 | ) | (3,139 | ) | — | (6,370 | ) | |||||||||||||||||||||||||
Recoveries | 3,181 | 4,448 | 1,076 | 2,179 | — | 10,884 | ||||||||||||||||||||||||||||||
Ending balance | $ | 87,806 | $ | 41,252 | $ | 27,654 | $ | 7,029 | $ | 26,949 | $ | 190,690 | ||||||||||||||||||||||||
Allowance for off-balance sheet credit losses: | ||||||||||||||||||||||||||||||||||||
Beginning balance | $ | 119 | $ | 1,876 | $ | 90 | $ | 3 | $ | — | $ | 2,088 | ||||||||||||||||||||||||
Provision for off-balance sheet credit losses | 226 | (974 | ) | (47 | ) | 15 | — | (780 | ) | |||||||||||||||||||||||||||
Ending balance | $ | 345 | $ | 902 | $ | 43 | $ | 18 | $ | — | $ | 1,308 | ||||||||||||||||||||||||
Total provision for credit losses | $ | 5,844 | $ | (5,523 | ) | $ | (96 | ) | $ | 1,039 | $ | (1,264 | ) | $ | — | |||||||||||||||||||||
The activity in the allowance for loan losses and the allowance for off-balance sheet credit losses related to loan commitments and standby letters of credit for the three months ended June 30, 2013 is summarized as follows (in thousands): | ||||||||||||||||||||||||||||||||||||
Commercial | Commercial Real Estate | Residential Mortgage | Consumer | Nonspecific Allowance | Total | |||||||||||||||||||||||||||||||
Allowance for loan losses: | ||||||||||||||||||||||||||||||||||||
Beginning balance | $ | 66,419 | $ | 48,528 | $ | 40,222 | $ | 7,984 | $ | 42,812 | $ | 205,965 | ||||||||||||||||||||||||
Provision for loan losses | 223 | (1,118 | ) | 597 | 162 | (363 | ) | (499 | ) | |||||||||||||||||||||||||||
Loans charged off | (4,538 | ) | (450 | ) | (2,057 | ) | (1,507 | ) | — | (8,552 | ) | |||||||||||||||||||||||||
Recoveries | 1,940 | 2,727 | 444 | 1,099 | — | 6,210 | ||||||||||||||||||||||||||||||
Ending balance | $ | 64,044 | $ | 49,687 | $ | 39,206 | $ | 7,738 | $ | 42,449 | $ | 203,124 | ||||||||||||||||||||||||
Allowance for off-balance sheet credit losses: | ||||||||||||||||||||||||||||||||||||
Beginning balance | $ | 405 | $ | 618 | $ | 72 | $ | 10 | $ | — | $ | 1,105 | ||||||||||||||||||||||||
Provision for off-balance sheet credit losses | (3 | ) | 560 | (66 | ) | 8 | — | 499 | ||||||||||||||||||||||||||||
Ending balance | $ | 402 | $ | 1,178 | $ | 6 | $ | 18 | $ | — | $ | 1,604 | ||||||||||||||||||||||||
Total provision for credit losses | $ | 220 | $ | (558 | ) | $ | 531 | $ | 170 | $ | (363 | ) | $ | — | ||||||||||||||||||||||
The activity in the allowance for loan losses and the allowance for off-balance sheet credit losses related to loan commitments and standby letters of credit for the six months ended June 30, 2013 is summarized as follows (in thousands): | ||||||||||||||||||||||||||||||||||||
Commercial | Commercial Real Estate | Residential Mortgage | Consumer | Nonspecific Allowance | Total | |||||||||||||||||||||||||||||||
Allowance for loan losses: | ||||||||||||||||||||||||||||||||||||
Beginning balance | $ | 65,280 | $ | 54,884 | $ | 41,703 | $ | 9,453 | $ | 44,187 | $ | 215,507 | ||||||||||||||||||||||||
Provision for loan losses | (1,733 | ) | (3,798 | ) | 323 | (743 | ) | (1,738 | ) | (7,689 | ) | |||||||||||||||||||||||||
Loans charged off | (4,836 | ) | (5,250 | ) | (3,836 | ) | (3,539 | ) | — | (17,461 | ) | |||||||||||||||||||||||||
Recoveries | 5,333 | 3,851 | 1,016 | 2,567 | — | 12,767 | ||||||||||||||||||||||||||||||
Ending balance | $ | 64,044 | $ | 49,687 | $ | 39,206 | $ | 7,738 | $ | 42,449 | $ | 203,124 | ||||||||||||||||||||||||
Allowance for off-balance sheet credit losses: | ||||||||||||||||||||||||||||||||||||
Beginning balance | $ | 475 | $ | 1,353 | $ | 78 | $ | 9 | $ | — | $ | 1,915 | ||||||||||||||||||||||||
Provision for off-balance sheet credit losses | (73 | ) | (175 | ) | (72 | ) | 9 | — | (311 | ) | ||||||||||||||||||||||||||
Ending balance | $ | 402 | $ | 1,178 | $ | 6 | $ | 18 | $ | — | $ | 1,604 | ||||||||||||||||||||||||
Total provision for credit losses | $ | (1,806 | ) | $ | (3,973 | ) | $ | 251 | $ | (734 | ) | $ | (1,738 | ) | $ | (8,000 | ) | |||||||||||||||||||
Schedule of Allowance for Loan Losses and Recorded Investment by Impairment Methodology [Table Text Block] | ' | |||||||||||||||||||||||||||||||||||
The allowance for loan losses and recorded investment of the related loans by portfolio segment for each impairment measurement method at June 30, 2014 is as follows (in thousands): | ||||||||||||||||||||||||||||||||||||
Collectively Measured | Individually Measured | Total | ||||||||||||||||||||||||||||||||||
for Impairment | for Impairment | |||||||||||||||||||||||||||||||||||
Recorded Investment | Related Allowance | Recorded Investment | Related Allowance | Recorded Investment | Related | |||||||||||||||||||||||||||||||
Allowance | ||||||||||||||||||||||||||||||||||||
Commercial | $ | 8,350,558 | $ | 84,639 | $ | 17,103 | $ | 3,167 | $ | 8,367,661 | $ | 87,806 | ||||||||||||||||||||||||
Commercial real estate | 2,620,506 | 41,069 | 34,472 | 183 | 2,654,978 | 41,252 | ||||||||||||||||||||||||||||||
Residential mortgage | 1,963,875 | 27,571 | 44,340 | 83 | 2,008,215 | 27,654 | ||||||||||||||||||||||||||||||
Consumer | 395,239 | 7,029 | 765 | — | 396,004 | 7,029 | ||||||||||||||||||||||||||||||
Total | 13,330,178 | 160,308 | 96,680 | 3,433 | 13,426,858 | 163,741 | ||||||||||||||||||||||||||||||
Nonspecific allowance | — | — | — | — | — | 26,949 | ||||||||||||||||||||||||||||||
Total | $ | 13,330,178 | $ | 160,308 | $ | 96,680 | $ | 3,433 | $ | 13,426,858 | $ | 190,690 | ||||||||||||||||||||||||
The allowance for loan losses and recorded investment of the related loans by portfolio segment for each impairment measurement method at December 31, 2013 is as follows (in thousands): | ||||||||||||||||||||||||||||||||||||
Collectively Measured | Individually Measured | Total | ||||||||||||||||||||||||||||||||||
for Impairment | for Impairment | |||||||||||||||||||||||||||||||||||
Recorded Investment | Related Allowance | Recorded Investment | Related Allowance | Recorded Investment | Related | |||||||||||||||||||||||||||||||
Allowance | ||||||||||||||||||||||||||||||||||||
Commercial | $ | 7,926,461 | $ | 78,607 | $ | 16,760 | $ | 573 | $ | 7,943,221 | $ | 79,180 | ||||||||||||||||||||||||
Commercial real estate | 2,374,503 | 41,440 | 40,850 | 133 | 2,415,353 | 41,573 | ||||||||||||||||||||||||||||||
Residential mortgage | 2,010,483 | 29,217 | 41,543 | 248 | 2,052,026 | 29,465 | ||||||||||||||||||||||||||||||
Consumer | 380,445 | 6,965 | 1,219 | — | 381,664 | 6,965 | ||||||||||||||||||||||||||||||
Total | 12,691,892 | 156,229 | 100,372 | 954 | 12,792,264 | 157,183 | ||||||||||||||||||||||||||||||
Nonspecific allowance | — | — | — | — | — | 28,213 | ||||||||||||||||||||||||||||||
Total | $ | 12,691,892 | $ | 156,229 | $ | 100,372 | $ | 954 | $ | 12,792,264 | $ | 185,396 | ||||||||||||||||||||||||
The allowance for loan losses and recorded investment of the related loans by portfolio segment for each impairment measurement method at June 30, 2013 is as follows (in thousands): | ||||||||||||||||||||||||||||||||||||
Collectively Measured | Individually Measured | Total | ||||||||||||||||||||||||||||||||||
for Impairment | for Impairment | |||||||||||||||||||||||||||||||||||
Recorded Investment | Related Allowance | Recorded Investment | Related Allowance | Recorded Investment | Related | |||||||||||||||||||||||||||||||
Allowance | ||||||||||||||||||||||||||||||||||||
Commercial | $ | 7,687,251 | $ | 63,492 | $ | 20,869 | $ | 552 | $ | 7,708,120 | $ | 64,044 | ||||||||||||||||||||||||
Commercial real estate | 2,258,403 | 48,493 | 58,693 | 1,194 | 2,317,096 | 49,687 | ||||||||||||||||||||||||||||||
Residential mortgage | 1,999,334 | 39,028 | 40,451 | 178 | 2,039,785 | 39,206 | ||||||||||||||||||||||||||||||
Consumer | 373,744 | 7,618 | 2,037 | 120 | 375,781 | 7,738 | ||||||||||||||||||||||||||||||
Total | 12,318,732 | 158,631 | 122,050 | 2,044 | 12,440,782 | 160,675 | ||||||||||||||||||||||||||||||
Nonspecific allowance | — | — | — | — | — | 42,449 | ||||||||||||||||||||||||||||||
Total | $ | 12,318,732 | $ | 158,631 | $ | 122,050 | $ | 2,044 | $ | 12,440,782 | $ | 203,124 | ||||||||||||||||||||||||
Schedule of Allowance for Loan Losses and Recorded Investment by Portfolio Segment for Risk Graded and Non-Risk Graded Loans [Table Text Block] | ' | |||||||||||||||||||||||||||||||||||
The allowance for loan losses and recorded investment of the related loans by portfolio segment for risk graded and non-risk graded loans at June 30, 2014 is as follows (in thousands): | ||||||||||||||||||||||||||||||||||||
Internally Risk Graded | Non-Graded | Total | ||||||||||||||||||||||||||||||||||
Recorded Investment | Related Allowance | Recorded Investment | Related Allowance | Recorded Investment | Related | |||||||||||||||||||||||||||||||
Allowance | ||||||||||||||||||||||||||||||||||||
Commercial | $ | 8,341,114 | $ | 86,893 | $ | 26,547 | $ | 913 | $ | 8,367,661 | $ | 87,806 | ||||||||||||||||||||||||
Commercial real estate | 2,654,978 | 41,252 | — | — | 2,654,978 | 41,252 | ||||||||||||||||||||||||||||||
Residential mortgage | 203,097 | 4,169 | 1,805,118 | 23,485 | 2,008,215 | 27,654 | ||||||||||||||||||||||||||||||
Consumer | 295,762 | 2,980 | 100,242 | 4,049 | 396,004 | 7,029 | ||||||||||||||||||||||||||||||
Total | 11,494,951 | 135,294 | 1,931,907 | 28,447 | 13,426,858 | 163,741 | ||||||||||||||||||||||||||||||
Nonspecific allowance | — | — | — | — | — | 26,949 | ||||||||||||||||||||||||||||||
Total | $ | 11,494,951 | $ | 135,294 | $ | 1,931,907 | $ | 28,447 | $ | 13,426,858 | $ | 190,690 | ||||||||||||||||||||||||
The allowance for loan losses and recorded investment of the related loans by portfolio segment for risk graded and non-risk graded loans at December 31, 2013 is as follows (in thousands): | ||||||||||||||||||||||||||||||||||||
Internally Risk Graded | Non-Graded | Total | ||||||||||||||||||||||||||||||||||
Recorded Investment | Related Allowance | Recorded Investment | Related Allowance | Recorded Investment | Related | |||||||||||||||||||||||||||||||
Allowance | ||||||||||||||||||||||||||||||||||||
Commercial | $ | 7,888,219 | $ | 78,250 | $ | 55,002 | $ | 930 | $ | 7,943,221 | $ | 79,180 | ||||||||||||||||||||||||
Commercial real estate | 2,415,353 | 41,573 | — | — | 2,415,353 | 41,573 | ||||||||||||||||||||||||||||||
Residential mortgage | 220,635 | 5,481 | 1,831,391 | 23,984 | 2,052,026 | 29,465 | ||||||||||||||||||||||||||||||
Consumer | 265,533 | 2,657 | 116,131 | 4,308 | 381,664 | 6,965 | ||||||||||||||||||||||||||||||
Total | 10,789,740 | 127,961 | 2,002,524 | 29,222 | 12,792,264 | 157,183 | ||||||||||||||||||||||||||||||
Nonspecific allowance | — | — | — | — | — | 28,213 | ||||||||||||||||||||||||||||||
Total | $ | 10,789,740 | $ | 127,961 | $ | 2,002,524 | $ | 29,222 | $ | 12,792,264 | $ | 185,396 | ||||||||||||||||||||||||
The allowance for loan losses and recorded investment of the related loans by portfolio segment for risk graded and non-risk graded loans at June 30, 2013 is as follows (in thousands): | ||||||||||||||||||||||||||||||||||||
Internally Risk Graded | Non-Graded | Total | ||||||||||||||||||||||||||||||||||
Recorded Investment | Related Allowance | Recorded Investment | Related Allowance | Recorded Investment | Related | |||||||||||||||||||||||||||||||
Allowance | ||||||||||||||||||||||||||||||||||||
Commercial | $ | 7,689,954 | $ | 62,830 | $ | 18,166 | $ | 1,214 | $ | 7,708,120 | $ | 64,044 | ||||||||||||||||||||||||
Commercial real estate | 2,317,096 | 49,687 | — | — | 2,317,096 | 49,687 | ||||||||||||||||||||||||||||||
Residential mortgage | 230,359 | 3,753 | 1,809,426 | 35,453 | 2,039,785 | 39,206 | ||||||||||||||||||||||||||||||
Consumer | 243,384 | 2,316 | 132,397 | 5,422 | 375,781 | 7,738 | ||||||||||||||||||||||||||||||
Total | 10,480,793 | 118,586 | 1,959,989 | 42,089 | 12,440,782 | 160,675 | ||||||||||||||||||||||||||||||
Nonspecific allowance | — | — | — | — | — | 42,449 | ||||||||||||||||||||||||||||||
Total | $ | 10,480,793 | $ | 118,586 | $ | 1,959,989 | $ | 42,089 | $ | 12,440,782 | $ | 203,124 | ||||||||||||||||||||||||
Schedule of Credit Quality Indicators [Table Text Block] | ' | |||||||||||||||||||||||||||||||||||
The following table summarizes the Company’s loan portfolio at June 30, 2014 by the risk grade categories (in thousands): | ||||||||||||||||||||||||||||||||||||
Internally Risk Graded | Non-Graded | |||||||||||||||||||||||||||||||||||
Performing | Potential Problem | Nonaccrual | Performing | Nonaccrual | Total | |||||||||||||||||||||||||||||||
Commercial: | ||||||||||||||||||||||||||||||||||||
Energy | $ | 2,395,942 | $ | 22,227 | $ | 1,619 | $ | — | $ | — | $ | 2,419,788 | ||||||||||||||||||||||||
Services | 2,352,450 | 20,946 | 3,669 | — | — | 2,377,065 | ||||||||||||||||||||||||||||||
Wholesale/retail | 1,307,426 | 4,840 | 5,885 | — | — | 1,318,151 | ||||||||||||||||||||||||||||||
Manufacturing | 442,493 | 6,866 | 3,507 | — | — | 452,866 | ||||||||||||||||||||||||||||||
Healthcare | 1,385,395 | 7,339 | 1,422 | — | — | 1,394,156 | ||||||||||||||||||||||||||||||
Other commercial and industrial | 374,556 | 3,593 | 939 | 26,485 | 62 | 405,635 | ||||||||||||||||||||||||||||||
Total commercial | 8,258,262 | 65,811 | 17,041 | 26,485 | 62 | 8,367,661 | ||||||||||||||||||||||||||||||
Commercial real estate: | ||||||||||||||||||||||||||||||||||||
Residential construction and land development | 152,228 | 17,405 | 15,146 | — | — | 184,779 | ||||||||||||||||||||||||||||||
Retail | 636,332 | 1,579 | 4,199 | — | — | 642,110 | ||||||||||||||||||||||||||||||
Office | 389,487 | 1,139 | 3,591 | — | — | 394,217 | ||||||||||||||||||||||||||||||
Multifamily | 663,349 | 14,054 | — | — | — | 677,403 | ||||||||||||||||||||||||||||||
Industrial | 341,449 | — | 631 | — | — | 342,080 | ||||||||||||||||||||||||||||||
Other commercial real estate | 400,709 | 2,775 | 10,905 | — | — | 414,389 | ||||||||||||||||||||||||||||||
Total commercial real estate | 2,583,554 | 36,952 | 34,472 | — | — | 2,654,978 | ||||||||||||||||||||||||||||||
Residential mortgage: | ||||||||||||||||||||||||||||||||||||
Permanent mortgage | 197,005 | 2,187 | 3,905 | 788,784 | 29,047 | 1,020,928 | ||||||||||||||||||||||||||||||
Permanent mortgages guaranteed by U.S. government agencies | — | — | — | 186,140 | 1,947 | 188,087 | ||||||||||||||||||||||||||||||
Home equity | — | — | — | 789,759 | 9,441 | 799,200 | ||||||||||||||||||||||||||||||
Total residential mortgage | 197,005 | 2,187 | 3,905 | 1,764,683 | 40,435 | 2,008,215 | ||||||||||||||||||||||||||||||
Consumer | 295,552 | 25 | 185 | 99,662 | 580 | 396,004 | ||||||||||||||||||||||||||||||
Total | $ | 11,334,373 | $ | 104,975 | $ | 55,603 | $ | 1,890,830 | $ | 41,077 | $ | 13,426,858 | ||||||||||||||||||||||||
The following table summarizes the Company’s loan portfolio at December 31, 2013 by the risk grade categories (in thousands): | ||||||||||||||||||||||||||||||||||||
Internally Risk Graded | Non-Graded | |||||||||||||||||||||||||||||||||||
Performing | Potential Problem | Nonaccrual | Performing | Nonaccrual | Total | |||||||||||||||||||||||||||||||
Commercial: | ||||||||||||||||||||||||||||||||||||
Energy | $ | 2,347,519 | $ | 2,381 | $ | 1,860 | $ | — | $ | — | $ | 2,351,760 | ||||||||||||||||||||||||
Services | 2,265,984 | 11,304 | 4,922 | — | — | 2,282,210 | ||||||||||||||||||||||||||||||
Wholesale/retail | 1,191,791 | 2,604 | 6,969 | — | — | 1,201,364 | ||||||||||||||||||||||||||||||
Manufacturing | 381,794 | 9,365 | 592 | — | — | 391,751 | ||||||||||||||||||||||||||||||
Healthcare | 1,272,626 | 34 | 1,586 | — | — | 1,274,246 | ||||||||||||||||||||||||||||||
Other commercial and industrial | 381,394 | 4,736 | 758 | 54,929 | 73 | 441,890 | ||||||||||||||||||||||||||||||
Total commercial | 7,841,108 | 30,424 | 16,687 | 54,929 | 73 | 7,943,221 | ||||||||||||||||||||||||||||||
Commercial real estate: | ||||||||||||||||||||||||||||||||||||
Residential construction and land development | 173,488 | 15,393 | 17,377 | — | — | 206,258 | ||||||||||||||||||||||||||||||
Retail | 579,506 | 1,684 | 4,857 | — | — | 586,047 | ||||||||||||||||||||||||||||||
Office | 403,951 | 1,157 | 6,391 | — | — | 411,499 | ||||||||||||||||||||||||||||||
Multifamily | 562,800 | 13,695 | 7 | — | — | 576,502 | ||||||||||||||||||||||||||||||
Industrial | 243,625 | — | 252 | — | — | 243,877 | ||||||||||||||||||||||||||||||
Other commercial real estate | 371,628 | 7,576 | 11,966 | — | — | 391,170 | ||||||||||||||||||||||||||||||
Total commercial real estate | 2,334,998 | 39,505 | 40,850 | — | — | 2,415,353 | ||||||||||||||||||||||||||||||
Residential mortgage: | ||||||||||||||||||||||||||||||||||||
Permanent mortgage | 210,142 | 3,283 | 7,210 | 815,040 | 27,069 | 1,062,744 | ||||||||||||||||||||||||||||||
Permanent mortgages guaranteed by U.S. government agencies | — | — | — | 180,821 | 777 | 181,598 | ||||||||||||||||||||||||||||||
Home equity | — | — | — | 800,420 | 7,264 | 807,684 | ||||||||||||||||||||||||||||||
Total residential mortgage | 210,142 | 3,283 | 7,210 | 1,796,281 | 35,110 | 2,052,026 | ||||||||||||||||||||||||||||||
Consumer | 264,536 | 795 | 202 | 115,114 | 1,017 | 381,664 | ||||||||||||||||||||||||||||||
Total | $ | 10,650,784 | $ | 74,007 | $ | 64,949 | $ | 1,966,324 | $ | 36,200 | $ | 12,792,264 | ||||||||||||||||||||||||
The following table summarizes the Company’s loan portfolio at June 30, 2013 by the risk grade categories (in thousands): | ||||||||||||||||||||||||||||||||||||
Internally Risk Graded | Non-Graded | |||||||||||||||||||||||||||||||||||
Performing | Potential Problem | Nonaccrual | Performing | Nonaccrual | Total | |||||||||||||||||||||||||||||||
Commercial: | ||||||||||||||||||||||||||||||||||||
Energy | $ | 2,378,187 | $ | 4,282 | $ | 2,277 | $ | — | $ | — | $ | 2,384,746 | ||||||||||||||||||||||||
Services | 2,170,695 | 26,110 | 7,448 | — | — | 2,204,253 | ||||||||||||||||||||||||||||||
Wholesale/retail | 1,167,215 | 1,628 | 6,700 | — | — | 1,175,543 | ||||||||||||||||||||||||||||||
Manufacturing | 381,729 | 3,528 | 876 | — | — | 386,133 | ||||||||||||||||||||||||||||||
Healthcare | 1,116,089 | 51 | 2,670 | — | — | 1,118,810 | ||||||||||||||||||||||||||||||
Other commercial and industrial | 410,237 | 9,395 | 837 | 18,105 | 61 | 438,635 | ||||||||||||||||||||||||||||||
Total commercial | 7,624,152 | 44,994 | 20,808 | 18,105 | 61 | 7,708,120 | ||||||||||||||||||||||||||||||
Commercial real estate: | ||||||||||||||||||||||||||||||||||||
Residential construction and land development | 184,216 | 20,303 | 21,135 | — | — | 225,654 | ||||||||||||||||||||||||||||||
Retail | 540,872 | 4,134 | 8,406 | — | — | 553,412 | ||||||||||||||||||||||||||||||
Office | 450,790 | 940 | 7,828 | — | — | 459,558 | ||||||||||||||||||||||||||||||
Multifamily | 491,864 | 2,141 | 6,447 | — | — | 500,452 | ||||||||||||||||||||||||||||||
Industrial | 253,732 | 258 | — | — | — | 253,990 | ||||||||||||||||||||||||||||||
Other commercial real estate | 296,864 | 12,289 | 14,877 | — | — | 324,030 | ||||||||||||||||||||||||||||||
Total commercial real estate | 2,218,338 | 40,065 | 58,693 | — | — | 2,317,096 | ||||||||||||||||||||||||||||||
Residential mortgage: | ||||||||||||||||||||||||||||||||||||
Permanent mortgage | 219,222 | 4,789 | 6,348 | 839,113 | 26,399 | 1,095,871 | ||||||||||||||||||||||||||||||
Permanent mortgages guaranteed by U.S. government agencies | — | — | — | 156,804 | 83 | 156,887 | ||||||||||||||||||||||||||||||
Home equity | — | — | — | 779,323 | 7,704 | 787,027 | ||||||||||||||||||||||||||||||
Total residential mortgage | 219,222 | 4,789 | 6,348 | 1,775,240 | 34,186 | 2,039,785 | ||||||||||||||||||||||||||||||
Consumer | 242,059 | 930 | 395 | 130,755 | 1,642 | 375,781 | ||||||||||||||||||||||||||||||
Total | $ | 10,303,771 | $ | 90,778 | $ | 86,244 | $ | 1,924,100 | $ | 35,889 | $ | 12,440,782 | ||||||||||||||||||||||||
Summary of Impaired Loans [Table Text Block] | ' | |||||||||||||||||||||||||||||||||||
Impaired Loans | ||||||||||||||||||||||||||||||||||||
Loans are considered to be impaired when it is probable that the Company will not be able to collect all amounts due according to the contractual terms of the loan agreement. This includes all nonaccruing loans, all loans modified in a TDR and all loans repurchased from GNMA pools. | ||||||||||||||||||||||||||||||||||||
A summary of impaired loans follows (in thousands): | ||||||||||||||||||||||||||||||||||||
As of | For the | For the | ||||||||||||||||||||||||||||||||||
June 30, 2014 | Three Months Ended | Six Months Ended | ||||||||||||||||||||||||||||||||||
Recorded Investment | June 30, 2014 | June 30, 2014 | ||||||||||||||||||||||||||||||||||
Unpaid | Total | With No | With Allowance | Related Allowance | Average Recorded | Interest Income Recognized | Average Recorded | Interest Income Recognized | ||||||||||||||||||||||||||||
Principal | Allowance | Investment | Investment | |||||||||||||||||||||||||||||||||
Balance | ||||||||||||||||||||||||||||||||||||
Commercial: | ||||||||||||||||||||||||||||||||||||
Energy | $ | 1,646 | $ | 1,619 | $ | 1,619 | $ | — | $ | — | $ | 1,689 | $ | — | $ | 1,739 | $ | — | ||||||||||||||||||
Services | 6,530 | 3,669 | 2,917 | 752 | 158 | 4,125 | — | 4,295 | — | |||||||||||||||||||||||||||
Wholesale/retail | 10,966 | 5,885 | 5,853 | 32 | 9 | 6,369 | — | 6,427 | — | |||||||||||||||||||||||||||
Manufacturing | 3,764 | 3,507 | 507 | 3,000 | 3,000 | 3,536 | — | 2,050 | — | |||||||||||||||||||||||||||
Healthcare | 2,438 | 1,422 | 1,422 | — | — | 1,433 | — | 1,504 | — | |||||||||||||||||||||||||||
Other commercial and industrial | 8,668 | 1,001 | 1,001 | — | — | 923 | — | 916 | — | |||||||||||||||||||||||||||
Total commercial | 34,012 | 17,103 | 13,319 | 3,784 | 3,167 | 18,075 | — | 16,931 | — | |||||||||||||||||||||||||||
Commercial real estate: | ||||||||||||||||||||||||||||||||||||
Residential construction and land development | 19,441 | 15,146 | 14,504 | 642 | 162 | 15,846 | — | 16,261 | — | |||||||||||||||||||||||||||
Retail | 5,679 | 4,199 | 4,199 | — | — | 4,413 | — | 4,529 | — | |||||||||||||||||||||||||||
Office | 6,039 | 3,591 | 3,588 | 3 | 3 | 4,946 | — | 4,991 | — | |||||||||||||||||||||||||||
Multifamily | — | — | — | — | — | — | — | 3 | — | |||||||||||||||||||||||||||
Industrial | 790 | 631 | 631 | — | — | 758 | — | 441 | — | |||||||||||||||||||||||||||
Other real estate loans | 17,617 | 10,905 | 10,725 | 180 | 18 | 10,925 | — | 11,436 | — | |||||||||||||||||||||||||||
Total commercial real estate | 49,566 | 34,472 | 33,647 | 825 | 183 | 36,888 | — | 37,661 | — | |||||||||||||||||||||||||||
Residential mortgage: | ||||||||||||||||||||||||||||||||||||
Permanent mortgage | 41,646 | 32,952 | 32,817 | 135 | 83 | 34,647 | 293 | 33,615 | 638 | |||||||||||||||||||||||||||
Permanent mortgage guaranteed by U.S. government agencies1 | 194,178 | 188,087 | 188,087 | — | — | 187,505 | 2,054 | 187,247 | 4,190 | |||||||||||||||||||||||||||
Home equity | 9,482 | 9,441 | 9,441 | — | — | 8,453 | — | 8,353 | — | |||||||||||||||||||||||||||
Total residential mortgage | 245,306 | 230,480 | 230,345 | 135 | 83 | 230,605 | 2,347 | 229,215 | 4,828 | |||||||||||||||||||||||||||
Consumer | 781 | 765 | 765 | — | — | 870 | — | 992 | — | |||||||||||||||||||||||||||
Total | $ | 329,665 | $ | 282,820 | $ | 278,076 | $ | 4,744 | $ | 3,433 | $ | 286,438 | $ | 2,347 | $ | 284,799 | $ | 4,828 | ||||||||||||||||||
1 | All permanent mortgage loans guaranteed by U.S. government agencies are considered impaired as we do not expect full collection of contractual principal and interest. At June 30, 2014, $1.9 million of these loans were nonaccruing and $186 million were accruing based on the guarantee by U.S. government agencies. | |||||||||||||||||||||||||||||||||||
Generally, no interest income is recognized on impaired loans until all principal balances, including amounts charged-off, are recovered. | ||||||||||||||||||||||||||||||||||||
A summary of impaired loans at December 31, 2013 follows (in thousands): | ||||||||||||||||||||||||||||||||||||
Recorded Investment | ||||||||||||||||||||||||||||||||||||
Unpaid | Total | With No | With Allowance | Related Allowance | ||||||||||||||||||||||||||||||||
Principal | Allowance | |||||||||||||||||||||||||||||||||||
Balance | ||||||||||||||||||||||||||||||||||||
Commercial: | ||||||||||||||||||||||||||||||||||||
Energy | $ | 1,860 | $ | 1,860 | $ | 1,860 | $ | — | $ | — | ||||||||||||||||||||||||||
Services | 6,486 | 4,922 | 3,791 | 1,131 | 516 | |||||||||||||||||||||||||||||||
Wholesale/retail | 11,009 | 6,969 | 6,937 | 32 | 9 | |||||||||||||||||||||||||||||||
Manufacturing | 746 | 592 | 592 | — | — | |||||||||||||||||||||||||||||||
Healthcare | 2,193 | 1,586 | 1,538 | 48 | 48 | |||||||||||||||||||||||||||||||
Other commercial and industrial | 8,532 | 831 | 831 | — | — | |||||||||||||||||||||||||||||||
Total commercial | 30,826 | 16,760 | 15,549 | 1,211 | 573 | |||||||||||||||||||||||||||||||
Commercial real estate: | ||||||||||||||||||||||||||||||||||||
Residential construction and land development | 20,804 | 17,377 | 17,050 | 327 | 107 | |||||||||||||||||||||||||||||||
Retail | 6,133 | 4,857 | 4,857 | — | — | |||||||||||||||||||||||||||||||
Office | 7,848 | 6,391 | 6,383 | 8 | 8 | |||||||||||||||||||||||||||||||
Multifamily | 7 | 7 | 7 | — | — | |||||||||||||||||||||||||||||||
Industrial | 252 | 252 | 252 | — | — | |||||||||||||||||||||||||||||||
Other real estate loans | 14,593 | 11,966 | 11,779 | 187 | 18 | |||||||||||||||||||||||||||||||
Total commercial real estate | 49,637 | 40,850 | 40,328 | 522 | 133 | |||||||||||||||||||||||||||||||
Residential mortgage: | ||||||||||||||||||||||||||||||||||||
Permanent mortgage | 41,870 | 34,279 | 33,869 | 410 | 248 | |||||||||||||||||||||||||||||||
Permanent mortgage guaranteed by U.S. government agencies1 | 188,436 | 181,598 | 181,598 | — | — | |||||||||||||||||||||||||||||||
Home equity | 7,537 | 7,264 | 7,264 | — | — | |||||||||||||||||||||||||||||||
Total residential mortgage | 237,843 | 223,141 | 222,731 | 410 | 248 | |||||||||||||||||||||||||||||||
Total consumer | 1,228 | 1,219 | 1,219 | — | — | |||||||||||||||||||||||||||||||
Total | $ | 319,534 | $ | 281,970 | $ | 279,827 | $ | 2,143 | $ | 954 | ||||||||||||||||||||||||||
1 | All permanent mortgage loans guaranteed by U.S. government agencies are considered impaired as we do not expect full collection of contractual principal and interest. At December 31, 2013, $777 thousand of these loans were nonaccruing and $181 million were accruing based on the guarantee by U.S. government agencies. | |||||||||||||||||||||||||||||||||||
A summary of impaired loans at June 30, 2013 follows (in thousands): | ||||||||||||||||||||||||||||||||||||
As of | For the | For the | ||||||||||||||||||||||||||||||||||
As of June 30, 2013 | Three Months Ended | Six Months Ended | ||||||||||||||||||||||||||||||||||
Recorded Investment | June 30, 2013 | June 30, 2013 | ||||||||||||||||||||||||||||||||||
Unpaid | Total | With No | With Allowance | Related Allowance | Average Recorded | Interest Income Recognized | Average Recorded | Interest Income Recognized | ||||||||||||||||||||||||||||
Principal | Allowance | Investment | Investment | |||||||||||||||||||||||||||||||||
Balance | ||||||||||||||||||||||||||||||||||||
Commercial: | ||||||||||||||||||||||||||||||||||||
Energy | $ | 2,277 | $ | 2,277 | $ | 2,277 | $ | — | $ | — | $ | 2,327 | $ | — | $ | 2,369 | $ | — | ||||||||||||||||||
Services | 9,631 | 7,448 | 6,283 | 1,165 | 493 | 8,461 | — | 9,769 | — | |||||||||||||||||||||||||||
Wholesale/retail | 10,916 | 6,700 | 6,656 | 44 | 11 | 4,470 | — | 4,889 | — | |||||||||||||||||||||||||||
Manufacturing | 1,168 | 876 | 876 | — | — | 1,362 | — | 1,442 | — | |||||||||||||||||||||||||||
Healthcare | 3,357 | 2,670 | 2,622 | 48 | 48 | 2,816 | — | 2,918 | — | |||||||||||||||||||||||||||
Other commercial and industrial | 8,398 | 898 | 898 | — | — | 930 | — | 1,283 | — | |||||||||||||||||||||||||||
Total commercial | 35,747 | 20,869 | 19,612 | 1,257 | 552 | 20,366 | — | 22,670 | — | |||||||||||||||||||||||||||
Commercial real estate: | ||||||||||||||||||||||||||||||||||||
Residential construction and land development | 24,752 | 21,135 | 20,841 | 294 | 102 | 22,299 | — | 23,633 | — | |||||||||||||||||||||||||||
Retail | 9,827 | 8,406 | 8,406 | — | — | 8,664 | — | 8,262 | — | |||||||||||||||||||||||||||
Office | 9,245 | 7,828 | 7,820 | 8 | 8 | 10,340 | — | 7,329 | — | |||||||||||||||||||||||||||
Multifamily | 6,447 | 6,447 | 4,415 | 2,032 | 196 | 5,474 | — | 4,577 | — | |||||||||||||||||||||||||||
Industrial | — | — | — | — | — | 1,099 | — | 1,984 | — | |||||||||||||||||||||||||||
Other real estate loans | 17,196 | 14,877 | 13,113 | 1,764 | 888 | 14,060 | — | 13,876 | — | |||||||||||||||||||||||||||
Total commercial real estate | 67,467 | 58,693 | 54,595 | 4,098 | 1,194 | 61,936 | — | 59,661 | — | |||||||||||||||||||||||||||
Residential mortgage: | ||||||||||||||||||||||||||||||||||||
Permanent mortgage | 42,983 | 32,747 | 32,495 | 252 | 178 | 35,450 | 285 | 36,304 | 603 | |||||||||||||||||||||||||||
Permanent mortgage guaranteed by U.S. government agencies1 | 165,431 | 156,887 | 156,887 | — | — | 158,038 | 1,628 | 162,256 | 3,408 | |||||||||||||||||||||||||||
Home equity | 7,704 | 7,704 | 7,704 | — | — | 7,382 | — | 6,980 | — | |||||||||||||||||||||||||||
Total residential mortgage | 216,118 | 197,338 | 197,086 | 252 | 178 | 200,870 | 1,913 | 205,540 | 4,011 | |||||||||||||||||||||||||||
Total consumer | 2,103 | 2,037 | 1,917 | 120 | 120 | 2,105 | — | 2,373 | — | |||||||||||||||||||||||||||
Total | $ | 321,435 | $ | 278,937 | $ | 273,210 | $ | 5,727 | $ | 2,044 | $ | 285,277 | $ | 1,913 | $ | 290,244 | $ | 4,011 | ||||||||||||||||||
1 | All permanent mortgage loans guaranteed by U.S. government agencies are considered impaired as we do not expect full collection of contractual principal and interest. At June 30, 2013, $83 thousand of these loans were nonaccruing and $157 million were accruing based on the guarantee by U.S. government agencies. | |||||||||||||||||||||||||||||||||||
Troubled Debt Restructurings [Table Text Block] | ' | |||||||||||||||||||||||||||||||||||
Troubled Debt Restructurings | ||||||||||||||||||||||||||||||||||||
A summary of troubled debt restructurings ("TDRs") by accruing status as of June 30, 2014 is as follows (in thousands): | ||||||||||||||||||||||||||||||||||||
As of June 30, 2014 | Amounts Charged Off During | |||||||||||||||||||||||||||||||||||
Recorded | Performing in Accordance With Modified Terms | Not | Specific | Three Months Ended June 30, 2014 | Six Months Ended | |||||||||||||||||||||||||||||||
Investment | Performing in Accordance With Modified Terms | Allowance | 30-Jun-14 | |||||||||||||||||||||||||||||||||
Nonaccruing TDRs: | ||||||||||||||||||||||||||||||||||||
Commercial: | ||||||||||||||||||||||||||||||||||||
Energy | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||||||||
Services | 1,762 | 742 | 1,020 | 148 | — | — | ||||||||||||||||||||||||||||||
Wholesale/retail | 3,719 | 3,598 | 121 | 9 | — | — | ||||||||||||||||||||||||||||||
Manufacturing | 3,369 | 369 | 3,000 | 3,000 | — | — | ||||||||||||||||||||||||||||||
Healthcare | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Other commercial and industrial | 726 | 54 | 672 | — | — | — | ||||||||||||||||||||||||||||||
Total commercial | 9,576 | 4,763 | 4,813 | 3,157 | — | — | ||||||||||||||||||||||||||||||
Commercial real estate: | ||||||||||||||||||||||||||||||||||||
Residential construction and land development | 9,482 | 1,622 | 7,860 | 162 | — | — | ||||||||||||||||||||||||||||||
Retail | 3,727 | 2,535 | 1,192 | — | — | — | ||||||||||||||||||||||||||||||
Office | 2,378 | 1,416 | 962 | — | — | — | ||||||||||||||||||||||||||||||
Multifamily | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Industrial | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Other real estate loans | 3,151 | 3,151 | — | — | — | — | ||||||||||||||||||||||||||||||
Total commercial real estate | 18,738 | 8,724 | 10,014 | 162 | — | — | ||||||||||||||||||||||||||||||
Residential mortgage: | ||||||||||||||||||||||||||||||||||||
Permanent mortgage | 17,182 | 11,605 | 5,577 | 83 | 107 | 108 | ||||||||||||||||||||||||||||||
Permanent mortgage guaranteed by U.S. government agencies | 855 | 180 | 675 | — | — | — | ||||||||||||||||||||||||||||||
Home equity | 5,076 | 3,923 | 1,153 | — | 52 | 65 | ||||||||||||||||||||||||||||||
Total residential mortgage | 23,113 | 15,708 | 7,405 | 83 | 159 | 173 | ||||||||||||||||||||||||||||||
Consumer | 610 | 440 | 170 | — | 1 | 1 | ||||||||||||||||||||||||||||||
Total nonaccruing TDRs | $ | 52,037 | $ | 29,635 | $ | 22,402 | $ | 3,402 | $ | 160 | $ | 174 | ||||||||||||||||||||||||
Accruing TDRs: | ||||||||||||||||||||||||||||||||||||
Permanent mortgages guaranteed by U.S. government agencies | 57,818 | 17,269 | 40,549 | — | — | — | ||||||||||||||||||||||||||||||
Total TDRs | $ | 109,855 | $ | 46,904 | $ | 62,951 | $ | 3,402 | $ | 160 | $ | 174 | ||||||||||||||||||||||||
A summary of troubled debt restructurings by accruing status as of December 31, 2013 is as follows (in thousands): | ||||||||||||||||||||||||||||||||||||
As of | ||||||||||||||||||||||||||||||||||||
December 31, 2013 | ||||||||||||||||||||||||||||||||||||
Recorded | Performing in Accordance With Modified Terms | Not | Specific | |||||||||||||||||||||||||||||||||
Investment | Performing in Accordance With Modified Terms | Allowance | ||||||||||||||||||||||||||||||||||
Nonaccruing TDRs: | ||||||||||||||||||||||||||||||||||||
Commercial: | ||||||||||||||||||||||||||||||||||||
Energy | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||||||||||||
Services | 2,235 | 852 | 1,383 | 237 | ||||||||||||||||||||||||||||||||
Wholesale/retail | 235 | 89 | 146 | 9 | ||||||||||||||||||||||||||||||||
Manufacturing | 391 | — | 391 | — | ||||||||||||||||||||||||||||||||
Healthcare | — | — | — | — | ||||||||||||||||||||||||||||||||
Other commercial and industrial | 771 | 173 | 598 | — | ||||||||||||||||||||||||||||||||
Total commercial | 3,632 | 1,114 | 2,518 | 246 | ||||||||||||||||||||||||||||||||
Commercial real estate: | ||||||||||||||||||||||||||||||||||||
Residential construction and land development | 10,148 | 1,444 | 8,704 | 107 | ||||||||||||||||||||||||||||||||
Retail | 4,359 | 3,141 | 1,218 | — | ||||||||||||||||||||||||||||||||
Office | 5,059 | 3,872 | 1,187 | — | ||||||||||||||||||||||||||||||||
Multifamily | — | — | — | — | ||||||||||||||||||||||||||||||||
Industrial | — | — | — | — | ||||||||||||||||||||||||||||||||
Other real estate loans | 5,011 | 2,885 | 2,126 | — | ||||||||||||||||||||||||||||||||
Total commercial real estate | 24,577 | 11,342 | 13,235 | 107 | ||||||||||||||||||||||||||||||||
Residential mortgage: | ||||||||||||||||||||||||||||||||||||
Permanent mortgage | 18,697 | 12,214 | 6,483 | 88 | ||||||||||||||||||||||||||||||||
Home equity | 4,045 | 3,531 | 514 | — | ||||||||||||||||||||||||||||||||
Total residential mortgage | 22,742 | 15,745 | 6,997 | 88 | ||||||||||||||||||||||||||||||||
Consumer | 1,008 | 758 | 250 | — | ||||||||||||||||||||||||||||||||
Total nonaccuring TDRs | $ | 51,959 | $ | 28,959 | $ | 23,000 | $ | 441 | ||||||||||||||||||||||||||||
Accruing TDRs: | ||||||||||||||||||||||||||||||||||||
Permanent mortgages guaranteed by U.S. government agencies | 54,322 | 13,384 | 40,938 | — | ||||||||||||||||||||||||||||||||
Total TDRs | $ | 106,281 | $ | 42,343 | $ | 63,938 | $ | 441 | ||||||||||||||||||||||||||||
A summary of troubled debt restructurings by accruing status as of June 30, 2013 is as follows (in thousands): | ||||||||||||||||||||||||||||||||||||
As of June 30, 2013 | Amount Charged Off During | |||||||||||||||||||||||||||||||||||
Recorded | Performing in Accordance With Modified Terms | Not | Specific | Three Months Ended June 30, 2013 | Six Months Ended | |||||||||||||||||||||||||||||||
Investment | Performing in Accordance With Modified Terms | Allowance | 30-Jun-13 | |||||||||||||||||||||||||||||||||
Nonaccruing TDRs: | ||||||||||||||||||||||||||||||||||||
Commercial: | ||||||||||||||||||||||||||||||||||||
Energy | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||||||||
Services | 3,065 | 710 | 2,355 | 228 | — | — | ||||||||||||||||||||||||||||||
Wholesale/retail | 1,107 | 968 | 139 | 12 | — | — | ||||||||||||||||||||||||||||||
Manufacturing | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Healthcare | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Other commercial and industrial | 821 | 189 | 632 | — | — | — | ||||||||||||||||||||||||||||||
Total commercial | 4,993 | 1,867 | 3,126 | 240 | — | — | ||||||||||||||||||||||||||||||
Commercial real estate: | ||||||||||||||||||||||||||||||||||||
Residential construction and land development | 11,734 | 1,934 | 9,800 | 23 | 54 | 54 | ||||||||||||||||||||||||||||||
Retail | 5,681 | 1,604 | 4,077 | — | — | 627 | ||||||||||||||||||||||||||||||
Office | 5,488 | 1,313 | 4,175 | — | 77 | 77 | ||||||||||||||||||||||||||||||
Multifamily | 990 | 208 | 782 | — | — | — | ||||||||||||||||||||||||||||||
Industrial | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Other real estate loans | 8,746 | 3,739 | 5,007 | — | — | — | ||||||||||||||||||||||||||||||
Total commercial real estate | 32,639 | 8,798 | 23,841 | 23 | 131 | 758 | ||||||||||||||||||||||||||||||
Residential mortgage: | ||||||||||||||||||||||||||||||||||||
Permanent mortgage | 17,639 | 10,917 | 6,722 | 54 | 8 | 348 | ||||||||||||||||||||||||||||||
Home equity | 3,504 | 3,264 | 240 | — | 69 | 69 | ||||||||||||||||||||||||||||||
Total residential mortgage | 21,143 | 14,181 | 6,962 | 54 | 77 | 417 | ||||||||||||||||||||||||||||||
Consumer | 1,542 | 1,324 | 218 | 78 | — | 1 | ||||||||||||||||||||||||||||||
Total nonaccruing TDRs | $ | 60,317 | $ | 26,170 | $ | 34,147 | $ | 395 | $ | 208 | $ | 1,176 | ||||||||||||||||||||||||
Accruing TDRs: | ||||||||||||||||||||||||||||||||||||
Permanent mortgages guaranteed by U.S. government agencies | 48,733 | 12,598 | 36,135 | — | — | — | ||||||||||||||||||||||||||||||
Total TDRs | $ | 109,050 | $ | 38,768 | $ | 70,282 | $ | 395 | $ | 208 | $ | 1,176 | ||||||||||||||||||||||||
Troubled debt restructurings generally consist of interest rate concessions, payment stream concessions or a combination of concessions to distressed borrowers. The following tables detail the recorded balance of loans at June 30, 2014 by class that were restructured during the three and six months ended June 30, 2014 by primary type of concession (in thousands): | ||||||||||||||||||||||||||||||||||||
Three Months Ended | ||||||||||||||||||||||||||||||||||||
30-Jun-14 | ||||||||||||||||||||||||||||||||||||
Accruing | Nonaccrual | Total | ||||||||||||||||||||||||||||||||||
Payment Stream | Combination & Other | Total | Interest Rate | Payment Stream | Combination & Other | Total | ||||||||||||||||||||||||||||||
Commercial: | ||||||||||||||||||||||||||||||||||||
Energy | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||||
Services | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||
Wholesale/retail | — | — | — | — | 3,542 | — | 3,542 | 3,542 | ||||||||||||||||||||||||||||
Manufacturing | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||
Healthcare | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||
Other commercial and industrial | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||
Total commercial | — | — | — | — | 3,542 | — | 3,542 | 3,542 | ||||||||||||||||||||||||||||
Commercial real estate: | ||||||||||||||||||||||||||||||||||||
Residential construction and land development | — | — | — | — | — | 307 | 307 | 307 | ||||||||||||||||||||||||||||
Retail | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||
Office | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||
Multifamily | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||
Industrial | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||
Other real estate loans | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||
Total commercial real estate | — | — | — | — | — | 307 | 307 | 307 | ||||||||||||||||||||||||||||
Residential mortgage: | ||||||||||||||||||||||||||||||||||||
Permanent mortgage | — | — | — | — | 218 | 1,821 | 2,039 | 2,039 | ||||||||||||||||||||||||||||
Permanent mortgage guaranteed by U.S. government agencies | 4,260 | 6,694 | 10,954 | — | — | 230 | 230 | 11,184 | ||||||||||||||||||||||||||||
Home equity | — | — | — | — | — | 1,276 | 1,276 | 1,276 | ||||||||||||||||||||||||||||
Total residential mortgage | 4,260 | 6,694 | 10,954 | — | 218 | 3,327 | 3,545 | 14,499 | ||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | 33 | 33 | 33 | ||||||||||||||||||||||||||||
Total | $ | 4,260 | $ | 6,694 | $ | 10,954 | $ | — | $ | 3,760 | $ | 3,667 | $ | 7,427 | $ | 18,381 | ||||||||||||||||||||
Six Months Ended | ||||||||||||||||||||||||||||||||||||
30-Jun-14 | ||||||||||||||||||||||||||||||||||||
Accruing | Nonaccrual | Total | ||||||||||||||||||||||||||||||||||
Payment Stream | Combination & Other | Total | Interest Rate | Payment Stream | Combination & Other | Total | ||||||||||||||||||||||||||||||
Commercial: | ||||||||||||||||||||||||||||||||||||
Energy | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||||
Services | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||
Wholesale/retail | — | — | — | — | 3,542 | — | 3,542 | 3,542 | ||||||||||||||||||||||||||||
Manufacturing | — | — | — | — | 3,000 | — | 3,000 | 3,000 | ||||||||||||||||||||||||||||
Healthcare | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||
Other commercial and industrial | — | — | — | — | — | 26 | 26 | 26 | ||||||||||||||||||||||||||||
Total commercial | — | — | — | — | 6,542 | 26 | 6,568 | 6,568 | ||||||||||||||||||||||||||||
Commercial real estate: | ||||||||||||||||||||||||||||||||||||
Residential construction and land development | — | — | — | — | 422 | 307 | 729 | 729 | ||||||||||||||||||||||||||||
Retail | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||
Office | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||
Multifamily | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||
Industrial | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||
Other real estate loans | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||
Total commercial real estate | — | — | — | — | 422 | 307 | 729 | 729 | ||||||||||||||||||||||||||||
Residential mortgage: | ||||||||||||||||||||||||||||||||||||
Permanent mortgage | — | — | — | — | 348 | 2,062 | 2,410 | 2,410 | ||||||||||||||||||||||||||||
Permanent mortgage guaranteed by U.S. government agencies | 5,773 | 10,300 | 16,073 | — | — | 411 | 411 | 16,484 | ||||||||||||||||||||||||||||
Home equity | — | — | — | — | — | 1,564 | 1,564 | 1,564 | ||||||||||||||||||||||||||||
Total residential mortgage | 5,773 | 10,300 | 16,073 | — | 348 | 4,037 | 4,385 | 20,458 | ||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | 46 | 46 | 46 | ||||||||||||||||||||||||||||
Total | $ | 5,773 | $ | 10,300 | $ | 16,073 | $ | — | $ | 7,312 | $ | 4,416 | $ | 11,728 | $ | 27,801 | ||||||||||||||||||||
Troubled debt restructurings generally consist of interest rate concessions, payment stream concessions or a combination of concessions to distressed borrowers. The following tables detail the recorded balance of loans by class that were restructured during the three and six months ended June 30, 2013 by primary type of concession (in thousands): | ||||||||||||||||||||||||||||||||||||
Three Months Ended | ||||||||||||||||||||||||||||||||||||
30-Jun-13 | ||||||||||||||||||||||||||||||||||||
Accruing | Nonaccrual | Total | ||||||||||||||||||||||||||||||||||
Payment Stream | Combination & Other | Total | Interest Rate | Payment Stream | Combination & Other | Total | ||||||||||||||||||||||||||||||
Commercial: | ||||||||||||||||||||||||||||||||||||
Energy | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||||
Services | — | — | — | — | 1,140 | — | 1,140 | 1,140 | ||||||||||||||||||||||||||||
Wholesale/retail | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||
Manufacturing | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||
Healthcare | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||
Other commercial and industrial | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||
Total commercial | — | — | — | — | 1,140 | — | 1,140 | 1,140 | ||||||||||||||||||||||||||||
Commercial real estate: | ||||||||||||||||||||||||||||||||||||
Residential construction and land development | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||
Retail | — | — | — | — | 612 | — | 612 | 612 | ||||||||||||||||||||||||||||
Office | — | — | — | — | 3,181 | — | 3,181 | 3,181 | ||||||||||||||||||||||||||||
Multifamily | — | — | — | — | 990 | — | 990 | 990 | ||||||||||||||||||||||||||||
Industrial | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||
Other real estate loans | — | — | — | — | 3,931 | — | 3,931 | 3,931 | ||||||||||||||||||||||||||||
Total commercial real estate | — | — | — | — | 8,714 | — | 8,714 | 8,714 | ||||||||||||||||||||||||||||
Residential mortgage: | ||||||||||||||||||||||||||||||||||||
Permanent mortgage | — | — | — | — | — | 1,132 | 1,132 | 1,132 | ||||||||||||||||||||||||||||
Permanent mortgage guaranteed by U.S. government agencies | 3,087 | 5,809 | 8,896 | — | — | — | — | 8,896 | ||||||||||||||||||||||||||||
Home equity | — | — | — | — | — | 1,798 | 1,798 | 1,798 | ||||||||||||||||||||||||||||
Total residential mortgage | 3,087 | 5,809 | 8,896 | — | — | 2,930 | 2,930 | 11,826 | ||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | 777 | 777 | 777 | ||||||||||||||||||||||||||||
Total | $ | 3,087 | $ | 5,809 | $ | 8,896 | $ | — | $ | 9,854 | $ | 3,707 | $ | 13,561 | $ | 22,457 | ||||||||||||||||||||
Six Months Ended | ||||||||||||||||||||||||||||||||||||
30-Jun-13 | ||||||||||||||||||||||||||||||||||||
Accruing | Nonaccrual | Total | ||||||||||||||||||||||||||||||||||
Payment Stream | Combination & Other | Total | Interest Rate | Payment Stream | Combination & Other | Total | ||||||||||||||||||||||||||||||
Commercial: | ||||||||||||||||||||||||||||||||||||
Energy | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||||
Services | — | — | — | — | 1,173 | — | 1,173 | 1,173 | ||||||||||||||||||||||||||||
Wholesale/retail | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||
Manufacturing | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||
Healthcare | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||
Other commercial and industrial | — | — | — | 147 | — | — | 147 | 147 | ||||||||||||||||||||||||||||
Total commercial | — | — | — | 147 | 1,173 | — | 1,320 | 1,320 | ||||||||||||||||||||||||||||
Commercial real estate: | ||||||||||||||||||||||||||||||||||||
Residential construction and land development | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||
Retail | — | — | — | — | 612 | — | 612 | 612 | ||||||||||||||||||||||||||||
Office | — | — | — | — | 3,181 | — | 3,181 | 3,181 | ||||||||||||||||||||||||||||
Multifamily | — | — | — | — | 990 | — | 990 | 990 | ||||||||||||||||||||||||||||
Industrial | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||
Other real estate loans | — | — | — | — | 3,931 | — | 3,931 | 3,931 | ||||||||||||||||||||||||||||
Total commercial real estate | — | — | — | — | 8,714 | — | 8,714 | 8,714 | ||||||||||||||||||||||||||||
Residential mortgage: | ||||||||||||||||||||||||||||||||||||
Permanent mortgage | — | — | — | — | 27 | 1,377 | 1,404 | 1,404 | ||||||||||||||||||||||||||||
Permanent mortgage guaranteed by U.S. government agencies | 8,694 | 8,949 | 17,643 | — | — | — | — | 17,643 | ||||||||||||||||||||||||||||
Home equity | — | — | — | — | — | 2,108 | 2,108 | 2,108 | ||||||||||||||||||||||||||||
Total residential mortgage | 8,694 | 8,949 | 17,643 | — | 27 | 3,485 | 3,512 | 21,155 | ||||||||||||||||||||||||||||
Consumer | — | — | — | 87 | — | 823 | 910 | 910 | ||||||||||||||||||||||||||||
Total | $ | 8,694 | $ | 8,949 | $ | 17,643 | $ | 234 | $ | 9,914 | $ | 4,308 | $ | 14,456 | $ | 32,099 | ||||||||||||||||||||
The following table summarizes, by loan class, the recorded investment at June 30, 2014 of loans modified as TDRs within the previous 12 months and for which there was a payment default during the three months ended June 30, 2014 (in thousands): | ||||||||||||||||||||||||||||||||||||
Three Months Ended | Six Months Ended | |||||||||||||||||||||||||||||||||||
30-Jun-14 | 30-Jun-14 | |||||||||||||||||||||||||||||||||||
Accruing | Nonaccrual | Total | Accruing | Nonaccrual | Total | |||||||||||||||||||||||||||||||
Commercial: | ||||||||||||||||||||||||||||||||||||
Energy | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||||||||
Services | — | 1,020 | 1,020 | — | 1,020 | 1,020 | ||||||||||||||||||||||||||||||
Wholesale/retail | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Manufacturing | — | 3,000 | 3,000 | — | 3,369 | 3,369 | ||||||||||||||||||||||||||||||
Healthcare | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Other commercial and industrial | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Total commercial | — | 4,020 | 4,020 | — | 4,389 | 4,389 | ||||||||||||||||||||||||||||||
Commercial real estate: | ||||||||||||||||||||||||||||||||||||
Residential construction and land development | — | 422 | 422 | — | 422 | 422 | ||||||||||||||||||||||||||||||
Retail | — | 459 | 459 | — | 459 | 459 | ||||||||||||||||||||||||||||||
Office | — | — | — | — | 199 | 199 | ||||||||||||||||||||||||||||||
Multifamily | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Industrial | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Other real estate loans | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Total commercial real estate | — | 881 | 881 | — | 1,080 | 1,080 | ||||||||||||||||||||||||||||||
Residential mortgage: | ||||||||||||||||||||||||||||||||||||
Permanent mortgage | — | 2,324 | 2,324 | — | 2,769 | 2,769 | ||||||||||||||||||||||||||||||
Permanent mortgage guaranteed by U.S. government agencies | 20,492 | 383 | 20,875 | 20,912 | 383 | 21,295 | ||||||||||||||||||||||||||||||
Home equity | — | 1,002 | 1,002 | — | 1,021 | 1,021 | ||||||||||||||||||||||||||||||
Total residential mortgage | 20,492 | 3,709 | 24,201 | 20,912 | 4,173 | 25,085 | ||||||||||||||||||||||||||||||
Consumer | — | 14 | 14 | — | 14 | 14 | ||||||||||||||||||||||||||||||
Total | $ | 20,492 | $ | 8,624 | $ | 29,116 | $ | 20,912 | $ | 9,656 | $ | 30,568 | ||||||||||||||||||||||||
A payment default is defined as being 30 days or more past due. The table above includes loans that experienced a payment default during the period, but may be performing in accordance with the modified terms as of the balance sheet date. | ||||||||||||||||||||||||||||||||||||
The following table summarizes, by loan class, the recorded investment at June 30, 2013 of loans modified as TDRs within the previous 12 months and for which there was a payment default during the three months ended June 30, 2013 (in thousands): | ||||||||||||||||||||||||||||||||||||
Three Months Ended | Six Months Ended | |||||||||||||||||||||||||||||||||||
30-Jun-13 | 30-Jun-13 | |||||||||||||||||||||||||||||||||||
Accruing | Nonaccrual | Total | Accruing | Nonaccrual | Total | |||||||||||||||||||||||||||||||
Commercial: | ||||||||||||||||||||||||||||||||||||
Energy | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||||||||
Services | — | 2,007 | 2,007 | — | 2,007 | 2,007 | ||||||||||||||||||||||||||||||
Wholesale/retail | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Manufacturing | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Healthcare | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Other commercial and industrial | — | — | — | — | 33 | 33 | ||||||||||||||||||||||||||||||
Total commercial | — | 2,007 | 2,007 | — | 2,040 | 2,040 | ||||||||||||||||||||||||||||||
Commercial real estate: | ||||||||||||||||||||||||||||||||||||
Residential construction and land development | — | 6,889 | 6,889 | — | 6,889 | 6,889 | ||||||||||||||||||||||||||||||
Retail | — | 612 | 612 | — | 612 | 612 | ||||||||||||||||||||||||||||||
Office | — | 3,181 | 3,181 | — | 3,181 | 3,181 | ||||||||||||||||||||||||||||||
Multifamily | — | 782 | 782 | — | 990 | 990 | ||||||||||||||||||||||||||||||
Industrial | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Other real estate loans | — | 3,398 | 3,398 | — | 3,931 | 3,931 | ||||||||||||||||||||||||||||||
Total commercial real estate | — | 14,862 | 14,862 | — | 15,603 | 15,603 | ||||||||||||||||||||||||||||||
Residential mortgage: | ||||||||||||||||||||||||||||||||||||
Permanent mortgage | — | 1,949 | 1,949 | — | 1,969 | 1,969 | ||||||||||||||||||||||||||||||
Permanent mortgage guaranteed by U.S. government agencies | 22,784 | — | 22,784 | 26,767 | — | 26,767 | ||||||||||||||||||||||||||||||
Home equity | — | 240 | 240 | — | 371 | 371 | ||||||||||||||||||||||||||||||
Total residential mortgage | 22,784 | 2,189 | 24,973 | 26,767 | 2,340 | 29,107 | ||||||||||||||||||||||||||||||
Consumer | — | 85 | 85 | — | 122 | 122 | ||||||||||||||||||||||||||||||
Total | $ | 22,784 | $ | 19,143 | $ | 41,927 | $ | 26,767 | $ | 20,105 | $ | 46,872 | ||||||||||||||||||||||||
Summary of Loans by Aging Status [Table Text Block] | ' | |||||||||||||||||||||||||||||||||||
Nonaccrual & Past Due Loans | ||||||||||||||||||||||||||||||||||||
Past due status for all loan classes is based on the actual number of days since the last payment was due according to the contractual terms of the loans. | ||||||||||||||||||||||||||||||||||||
A summary of loans currently performing, loans past due and accruing and nonaccrual loans as of June 30, 2014 is as follows (in thousands): | ||||||||||||||||||||||||||||||||||||
Past Due | ||||||||||||||||||||||||||||||||||||
Current | 30 to 89 | 90 Days | Nonaccrual | Total | ||||||||||||||||||||||||||||||||
Days | or More | |||||||||||||||||||||||||||||||||||
Commercial: | ||||||||||||||||||||||||||||||||||||
Energy | $ | 2,416,139 | $ | 2,005 | $ | 25 | $ | 1,619 | $ | 2,419,788 | ||||||||||||||||||||||||||
Services | 2,373,081 | 315 | — | 3,669 | 2,377,065 | |||||||||||||||||||||||||||||||
Wholesale/retail | 1,312,255 | 11 | — | 5,885 | 1,318,151 | |||||||||||||||||||||||||||||||
Manufacturing | 448,656 | 703 | — | 3,507 | 452,866 | |||||||||||||||||||||||||||||||
Healthcare | 1,392,718 | 16 | — | 1,422 | 1,394,156 | |||||||||||||||||||||||||||||||
Other commercial and industrial | 404,248 | 386 | — | 1,001 | 405,635 | |||||||||||||||||||||||||||||||
Total commercial | 8,347,097 | 3,436 | 25 | 17,103 | 8,367,661 | |||||||||||||||||||||||||||||||
Commercial real estate: | ||||||||||||||||||||||||||||||||||||
Residential construction and land development | 169,627 | 6 | — | 15,146 | 184,779 | |||||||||||||||||||||||||||||||
Retail | 637,609 | 302 | — | 4,199 | 642,110 | |||||||||||||||||||||||||||||||
Office | 390,626 | — | — | 3,591 | 394,217 | |||||||||||||||||||||||||||||||
Multifamily | 677,403 | — | — | — | 677,403 | |||||||||||||||||||||||||||||||
Industrial | 341,449 | — | — | 631 | 342,080 | |||||||||||||||||||||||||||||||
Other real estate loans | 403,484 | — | — | 10,905 | 414,389 | |||||||||||||||||||||||||||||||
Total commercial real estate | 2,620,198 | 308 | — | 34,472 | 2,654,978 | |||||||||||||||||||||||||||||||
Residential mortgage: | ||||||||||||||||||||||||||||||||||||
Permanent mortgage | 977,897 | 10,079 | — | 32,952 | 1,020,928 | |||||||||||||||||||||||||||||||
Permanent mortgages guaranteed by U.S. government agencies | 27,855 | 19,231 | 139,054 | 1,947 | 188,087 | |||||||||||||||||||||||||||||||
Home equity | 787,863 | 1,855 | 41 | 9,441 | 799,200 | |||||||||||||||||||||||||||||||
Total residential mortgage | 1,793,615 | 31,165 | 139,095 | 44,340 | 2,008,215 | |||||||||||||||||||||||||||||||
Consumer | 394,246 | 992 | 1 | 765 | 396,004 | |||||||||||||||||||||||||||||||
Total | $ | 13,155,156 | $ | 35,901 | $ | 139,121 | $ | 96,680 | $ | 13,426,858 | ||||||||||||||||||||||||||
A summary of loans currently performing, loans past due and accruing and nonaccrual loans as of December 31, 2013 is as follows (in thousands): | ||||||||||||||||||||||||||||||||||||
Past Due | ||||||||||||||||||||||||||||||||||||
Current | 30 to 89 | 90 Days | Nonaccrual | Total | ||||||||||||||||||||||||||||||||
Days | or More | |||||||||||||||||||||||||||||||||||
Commercial: | ||||||||||||||||||||||||||||||||||||
Energy | $ | 2,347,267 | $ | 2,483 | $ | 150 | $ | 1,860 | $ | 2,351,760 | ||||||||||||||||||||||||||
Services | 2,276,036 | 1,210 | 42 | 4,922 | 2,282,210 | |||||||||||||||||||||||||||||||
Wholesale/retail | 1,193,905 | 338 | 152 | 6,969 | 1,201,364 | |||||||||||||||||||||||||||||||
Manufacturing | 391,159 | — | — | 592 | 391,751 | |||||||||||||||||||||||||||||||
Healthcare | 1,272,660 | — | — | 1,586 | 1,274,246 | |||||||||||||||||||||||||||||||
Other commercial and industrial | 440,973 | 81 | 5 | 831 | 441,890 | |||||||||||||||||||||||||||||||
Total commercial | 7,922,000 | 4,112 | 349 | 16,760 | 7,943,221 | |||||||||||||||||||||||||||||||
Commercial real estate: | ||||||||||||||||||||||||||||||||||||
Residential construction and land development | 188,434 | 428 | 19 | 17,377 | 206,258 | |||||||||||||||||||||||||||||||
Retail | 580,926 | 264 | — | 4,857 | 586,047 | |||||||||||||||||||||||||||||||
Office | 404,505 | 603 | — | 6,391 | 411,499 | |||||||||||||||||||||||||||||||
Multifamily | 576,495 | — | — | 7 | 576,502 | |||||||||||||||||||||||||||||||
Industrial | 243,625 | — | — | 252 | 243,877 | |||||||||||||||||||||||||||||||
Other real estate loans | 376,699 | 1,493 | 1,012 | 11,966 | 391,170 | |||||||||||||||||||||||||||||||
Total commercial real estate | 2,370,684 | 2,788 | 1,031 | 40,850 | 2,415,353 | |||||||||||||||||||||||||||||||
Residential mortgage: | ||||||||||||||||||||||||||||||||||||
Permanent mortgage | 1,018,670 | 9,795 | — | 34,279 | 1,062,744 | |||||||||||||||||||||||||||||||
Permanent mortgages guaranteed by U.S. government agencies | 21,916 | 17,290 | 141,615 | 777 | 181,598 | |||||||||||||||||||||||||||||||
Home equity | 797,299 | 3,087 | 34 | 7,264 | 807,684 | |||||||||||||||||||||||||||||||
Total residential mortgage | 1,837,885 | 30,172 | 141,649 | 42,320 | 2,052,026 | |||||||||||||||||||||||||||||||
Consumer | 379,417 | 1,027 | 1 | 1,219 | 381,664 | |||||||||||||||||||||||||||||||
Total | $ | 12,509,986 | $ | 38,099 | $ | 143,030 | $ | 101,149 | $ | 12,792,264 | ||||||||||||||||||||||||||
A summary of loans currently performing, loans past due and accruing and nonaccrual loans as of June 30, 2013 is as follows (in thousands): | ||||||||||||||||||||||||||||||||||||
Past Due | ||||||||||||||||||||||||||||||||||||
Current | 30 to 89 | 90 Days | Nonaccrual | Total | ||||||||||||||||||||||||||||||||
Days | or More | |||||||||||||||||||||||||||||||||||
Commercial: | ||||||||||||||||||||||||||||||||||||
Energy | $ | 2,382,377 | $ | 92 | $ | — | $ | 2,277 | $ | 2,384,746 | ||||||||||||||||||||||||||
Services | 2,192,771 | 1,769 | 2,265 | 7,448 | 2,204,253 | |||||||||||||||||||||||||||||||
Wholesale/retail | 1,168,686 | — | 157 | 6,700 | 1,175,543 | |||||||||||||||||||||||||||||||
Manufacturing | 385,257 | — | — | 876 | 386,133 | |||||||||||||||||||||||||||||||
Healthcare | 1,115,187 | 953 | — | 2,670 | 1,118,810 | |||||||||||||||||||||||||||||||
Other commercial and industrial | 437,558 | 160 | 19 | 898 | 438,635 | |||||||||||||||||||||||||||||||
Total commercial | 7,681,836 | 2,974 | 2,441 | 20,869 | 7,708,120 | |||||||||||||||||||||||||||||||
Commercial real estate: | ||||||||||||||||||||||||||||||||||||
Residential construction and land development | 204,519 | — | — | 21,135 | 225,654 | |||||||||||||||||||||||||||||||
Retail | 542,946 | 2,060 | — | 8,406 | 553,412 | |||||||||||||||||||||||||||||||
Office | 451,730 | — | — | 7,828 | 459,558 | |||||||||||||||||||||||||||||||
Multifamily | 492,306 | 1,699 | — | 6,447 | 500,452 | |||||||||||||||||||||||||||||||
Industrial | 253,990 | — | — | — | 253,990 | |||||||||||||||||||||||||||||||
Other real estate loans | 308,373 | 780 | — | 14,877 | 324,030 | |||||||||||||||||||||||||||||||
Total commercial real estate | 2,253,864 | 4,539 | — | 58,693 | 2,317,096 | |||||||||||||||||||||||||||||||
Residential mortgage: | ||||||||||||||||||||||||||||||||||||
Permanent mortgage | 1,054,435 | 8,689 | — | 32,747 | 1,095,871 | |||||||||||||||||||||||||||||||
Permanent mortgages guaranteed by U.S. government agencies | 22,328 | 17,670 | 116,806 | 83 | 156,887 | |||||||||||||||||||||||||||||||
Home equity | 776,872 | 2,451 | — | 7,704 | 787,027 | |||||||||||||||||||||||||||||||
Total residential mortgage | 1,853,635 | 28,810 | 116,806 | 40,534 | 2,039,785 | |||||||||||||||||||||||||||||||
Consumer | 371,243 | 2,482 | 19 | 2,037 | 375,781 | |||||||||||||||||||||||||||||||
Total | $ | 12,160,578 | $ | 38,805 | $ | 119,266 | $ | 122,133 | $ | 12,440,782 | ||||||||||||||||||||||||||
Mortgage_Banking_Activities_Ta
Mortgage Banking Activities (Tables) | 6 Months Ended | ||||||||||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||||||||||
Mortgage Banking [Abstract] | ' | ||||||||||||||||||||||||
Components of Residential Mortgage Loans Held For Sale [Table Text Block] | ' | ||||||||||||||||||||||||
June 30, 2014 | December 31, 2013 | June 30, 2013 | |||||||||||||||||||||||
Unpaid Principal Balance/ | Fair Value | Unpaid Principal Balance/ | Fair Value | Unpaid | Fair Value | ||||||||||||||||||||
Notional | Notional | Principal | |||||||||||||||||||||||
Balance/ | |||||||||||||||||||||||||
Notional | |||||||||||||||||||||||||
Residential mortgage loans held for sale | $ | 310,341 | $ | 319,508 | $ | 192,266 | $ | 193,584 | $ | 284,454 | $ | 280,962 | |||||||||||||
Residential mortgage loan commitments | 546,864 | 13,616 | 258,873 | 2,656 | 547,508 | (1,709 | ) | ||||||||||||||||||
Forward sales contracts | 828,739 | (7,249 | ) | 435,867 | 4,306 | 740,752 | 21,804 | ||||||||||||||||||
$ | 325,875 | $ | 200,546 | $ | 301,057 | ||||||||||||||||||||
Mortgage Banking Revenue [Table Text Block] | ' | ||||||||||||||||||||||||
Mortgage banking revenue was as follows (in thousands): | |||||||||||||||||||||||||
Three Months Ended | Six Months Ended | ||||||||||||||||||||||||
June 30, | June 30, | ||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||||
Production revenue: | |||||||||||||||||||||||||
Residential mortgages loan held for sale | $ | 17,764 | $ | 17,763 | $ | 29,732 | $ | 47,998 | |||||||||||||||||
Residential mortgage loan commitments | 7,614 | (15,052 | ) | 11,001 | (14,442 | ) | |||||||||||||||||||
Forward sales contracts | (7,651 | ) | 23,645 | (11,554 | ) | 22,710 | |||||||||||||||||||
Total production revenue | 17,727 | 26,356 | 29,179 | 56,266 | |||||||||||||||||||||
Servicing revenue | 11,603 | 10,240 | 22,995 | 20,306 | |||||||||||||||||||||
Total mortgage banking revenue | $ | 29,330 | $ | 36,596 | $ | 52,174 | $ | 76,572 | |||||||||||||||||
Summary of Mortgage Servicing Rights [Table Text Block] | ' | ||||||||||||||||||||||||
The following represents a summary of mortgage servicing rights (Dollars in thousands): | |||||||||||||||||||||||||
June 30, | December 31, | June 30, | |||||||||||||||||||||||
2014 | 2013 | 2013 | |||||||||||||||||||||||
Number of residential mortgage loans serviced for others | 110,404 | 106,137 | 101,498 | ||||||||||||||||||||||
Outstanding principal balance of residential mortgage loans serviced for others | $ | 14,626,291 | $ | 13,718,942 | $ | 12,741,651 | |||||||||||||||||||
Weighted average interest rate | 4.36 | % | 4.4 | % | 4.47 | % | |||||||||||||||||||
Remaining term (in months) | 293 | 292 | 291 | ||||||||||||||||||||||
Activity in Capitalized Mortgage Servicing Rights [Table Text Block] | ' | ||||||||||||||||||||||||
Activity in capitalized mortgage servicing rights during the three months ended June 30, 2014 was as follows (in thousands): | |||||||||||||||||||||||||
Purchased | Originated | Total | |||||||||||||||||||||||
Balance, March 31, 2014 | $ | 14,790 | $ | 138,984 | $ | 153,774 | |||||||||||||||||||
Additions, net | — | 13,172 | 13,172 | ||||||||||||||||||||||
Change in fair value due to loan runoff | (599 | ) | (4,163 | ) | (4,762 | ) | |||||||||||||||||||
Change in fair value due to market changes | (1,109 | ) | (5,335 | ) | (6,444 | ) | |||||||||||||||||||
Balance, June 30, 2014 | $ | 13,082 | $ | 142,658 | $ | 155,740 | |||||||||||||||||||
Activity in capitalized mortgage servicing rights during the six months ended June 30, 2014 was as follows (in thousands): | |||||||||||||||||||||||||
Purchased | Originated | Total | |||||||||||||||||||||||
Balance, December 31, 2013 | $ | 15,935 | $ | 137,398 | $ | 153,333 | |||||||||||||||||||
Additions, net | — | 21,816 | 21,816 | ||||||||||||||||||||||
Change in fair value due to loan runoff | (1,114 | ) | (7,390 | ) | (8,504 | ) | |||||||||||||||||||
Change in fair value due to market changes | (1,739 | ) | (9,166 | ) | (10,905 | ) | |||||||||||||||||||
Balance, June 30, 2014 | $ | 13,082 | $ | 142,658 | $ | 155,740 | |||||||||||||||||||
Activity in capitalized mortgage servicing rights during the three months ended June 30, 2013 was as follows (in thousands): | |||||||||||||||||||||||||
Purchased | Originated | Total | |||||||||||||||||||||||
Balance, March 31, 2013 | $ | 13,203 | $ | 96,637 | $ | 109,840 | |||||||||||||||||||
Additions, net | — | 14,499 | 14,499 | ||||||||||||||||||||||
Change in fair value due to loan runoff | (940 | ) | (4,825 | ) | (5,765 | ) | |||||||||||||||||||
Change in fair value due to market changes | 3,319 | 10,996 | 14,315 | ||||||||||||||||||||||
Balance, June 30, 2013 | $ | 15,582 | $ | 117,307 | $ | 132,889 | |||||||||||||||||||
Assumptions to Value Mortgage Servicing Rights [Table Text Block] | ' | ||||||||||||||||||||||||
There is no active market for trading in mortgage servicing rights after origination. Fair value is determined by discounting the projected net cash flows. Significant assumptions used to determine fair value based on significant unobservable inputs were as follows: | |||||||||||||||||||||||||
June 30, | December 31, | June 30, | |||||||||||||||||||||||
2014 | 2013 | 2013 | |||||||||||||||||||||||
Discount rate – risk-free rate plus a market premium | 10.20% | 10.21% | 10.25% | ||||||||||||||||||||||
Loan servicing costs – annually per loan based upon loan type: | |||||||||||||||||||||||||
Performing loans | $60-$105 | $60 - $105 | $58 - $105 | ||||||||||||||||||||||
Delinquent loans | $150 - $500 | $150 - $500 | $135 - $500 | ||||||||||||||||||||||
Loans in foreclosure | $1,000-$4,250 | $1,000 - $4,250 | $875 - $4,250 | ||||||||||||||||||||||
Escrow earnings rate – indexed to rates paid on deposit accounts with comparable average life | 1.69% | 1.80% | 1.56% | ||||||||||||||||||||||
Stratification of Loan Servicing Portfolio [Table Text Block] | ' | ||||||||||||||||||||||||
Stratification of the residential mortgage loan servicing portfolio and outstanding principal of loans serviced for others by interest rate at June 30, 2014 follows (in thousands): | |||||||||||||||||||||||||
< 4.00% | 4.00% - 4.99% | 5.00% - 5.99% | > 5.99% | Total | |||||||||||||||||||||
Fair value | $ | 61,918 | $ | 65,639 | $ | 22,702 | $ | 5,481 | $ | 155,740 | |||||||||||||||
Outstanding principal of loans serviced for others | $ | 5,682,055 | $ | 5,687,478 | $ | 2,187,993 | $ | 1,068,765 | $ | 14,626,291 | |||||||||||||||
Weighted average prepayment rate1 | 7.33 | % | 8.26 | % | 12.6 | % | 28.53 | % | 10.03 | % | |||||||||||||||
1 | Annual prepayment estimates based upon loan interest rate, original term and loan type. Weighted average prepayment rate is determined by weighting the prepayment speed for each loan by its unpaid principal balance. | ||||||||||||||||||||||||
Aging Status of Mortgage Loans Serviced For Others [Table Text Block] | ' | ||||||||||||||||||||||||
The aging status of our mortgage loans serviced for others by investor at June 30, 2014 follows (in thousands): | |||||||||||||||||||||||||
Past Due | |||||||||||||||||||||||||
Current | 30 to 59 | 60 to 89 | 90 Days or More | Total | |||||||||||||||||||||
Days | Days | ||||||||||||||||||||||||
FHLMC | $ | 4,681,165 | $ | 36,913 | $ | 9,828 | $ | 31,543 | $ | 4,759,449 | |||||||||||||||
FNMA | 4,628,707 | 25,380 | 7,206 | 20,149 | 4,681,442 | ||||||||||||||||||||
GNMA | 4,538,079 | 125,530 | 35,461 | 14,487 | 4,713,557 | ||||||||||||||||||||
Other | 458,621 | 6,382 | 1,922 | 4,918 | 471,843 | ||||||||||||||||||||
Total | $ | 14,306,572 | $ | 194,205 | $ | 54,417 | $ | 71,097 | $ | 14,626,291 | |||||||||||||||
Activity in Allowance for Losses On Loans Sold With Recourse [Table Text Block] | ' | ||||||||||||||||||||||||
Three Months Ended | Six Months Ended | ||||||||||||||||||||||||
June 30, | June 30, | ||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||||
Beginning balance | $ | 9,066 | $ | 11,420 | $ | 9,562 | $ | 13,158 | |||||||||||||||||
Provision for recourse losses | 183 | 416 | 167 | (348 | ) | ||||||||||||||||||||
Loans charged off, net | (559 | ) | (916 | ) | (1,039 | ) | (1,890 | ) | |||||||||||||||||
Ending balance | $ | 8,690 | $ | 10,920 | $ | 8,690 | $ | 10,920 | |||||||||||||||||
Summary of Unresolved Deficiency Requests and Related Accrual for Credit Losses [Table Text Block] | ' | ||||||||||||||||||||||||
A summary of unresolved deficiency requests from the agencies follows (in thousands, except for number of unresolved deficiency requests): | |||||||||||||||||||||||||
June 30, | June 30, | ||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||
Number of unresolved deficiency requests | 188 | 464 | |||||||||||||||||||||||
Aggregate outstanding principal balance subject to unresolved deficiency requests | $ | 16,497 | $ | 55,517 | |||||||||||||||||||||
Unpaid principal balance subject to indemnification by the Company | 2,248 | 1,774 | |||||||||||||||||||||||
The activity in the accrual for credit losses related to potential loan repurchases and indemnifications under representations and warranties is summarized as follows (in thousands). | |||||||||||||||||||||||||
Three Months Ended | Six Months Ended | ||||||||||||||||||||||||
June 30, | June 30, | ||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||||
Beginning balance | $ | 7,877 | $ | 5,877 | $ | 8,845 | $ | 5,291 | |||||||||||||||||
Provision for repurchase losses | (2,229 | ) | 453 | (3,071 | ) | 1,429 | |||||||||||||||||||
Losses on repurchases and indemnifications, net | (75 | ) | (149 | ) | (201 | ) | (539 | ) | |||||||||||||||||
Ending balance | $ | 5,573 | $ | 6,181 | $ | 5,573 | $ | 6,181 | |||||||||||||||||
Commitments_and_Contingent_Lia1
Commitments and Contingent Liabilities Commitments and Contingent Liabilities - Variable Interest Entities (Tables) | 6 Months Ended | ||||||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||||||
Commitments and Contingencies Disclosure [Abstract] | ' | ||||||||||||||||||||
Schedule of Variable Interest Entities [Table Text Block] | ' | ||||||||||||||||||||
A summary of consolidated and unconsolidated alternative investments as of June 30, 2014, December 31, 2013 and June 30, 2013 is as follows (in thousands): | |||||||||||||||||||||
June 30, 2014 | |||||||||||||||||||||
Loans | Other | Other | Other | Non-controlling | |||||||||||||||||
assets | liabilities | borrowings | interests | ||||||||||||||||||
Consolidated: | |||||||||||||||||||||
Private equity funds | $ | — | $ | 27,834 | $ | — | $ | — | $ | 23,112 | |||||||||||
Tax credit entities | 10,000 | 13,137 | — | 10,964 | 10,000 | ||||||||||||||||
Other | — | 7,112 | — | — | 2,017 | ||||||||||||||||
Total consolidated | $ | 10,000 | $ | 48,083 | $ | — | $ | 10,964 | $ | 35,129 | |||||||||||
Unconsolidated: | |||||||||||||||||||||
Tax credit entities | $ | 19,855 | $ | 95,251 | $ | 30,782 | $ | — | $ | — | |||||||||||
Other | — | 6,321 | 1,657 | — | — | ||||||||||||||||
Total unconsolidated | $ | 19,855 | $ | 101,572 | $ | 32,439 | $ | — | $ | — | |||||||||||
December 31, 2013 | |||||||||||||||||||||
Loans | Other | Other | Other | Non-controlling | |||||||||||||||||
assets | liabilities | borrowings | interests | ||||||||||||||||||
Consolidated: | |||||||||||||||||||||
Private equity funds | $ | — | $ | 27,341 | $ | — | $ | — | $ | 23,036 | |||||||||||
Tax credit entities | 10,000 | 13,448 | — | 10,964 | 9,869 | ||||||||||||||||
Other | — | 9,178 | — | — | 2,019 | ||||||||||||||||
Total consolidated | $ | 10,000 | $ | 49,967 | $ | — | $ | 10,964 | $ | 34,924 | |||||||||||
Unconsolidated: | |||||||||||||||||||||
Tax credit entities | $ | 27,319 | $ | 90,260 | $ | 35,776 | $ | — | $ | — | |||||||||||
Other | — | 9,257 | 1,681 | — | — | ||||||||||||||||
Total unconsolidated | $ | 27,319 | $ | 99,517 | $ | 37,457 | $ | — | $ | — | |||||||||||
June 30, 2013 | |||||||||||||||||||||
Loans | Other | Other | Other | Non-controlling | |||||||||||||||||
assets | liabilities | borrowings | interests | ||||||||||||||||||
Consolidated: | |||||||||||||||||||||
Private equity funds | $ | — | $ | 28,379 | $ | — | $ | — | $ | 23,418 | |||||||||||
Tax credit entities | 10,000 | 13,706 | — | 10,964 | 10,000 | ||||||||||||||||
Other | — | 8,483 | — | — | 1,827 | ||||||||||||||||
Total consolidated | $ | 10,000 | $ | 50,568 | $ | — | $ | 10,964 | $ | 35,245 | |||||||||||
Unconsolidated: | |||||||||||||||||||||
Tax credit entities | $ | 26,851 | $ | 86,327 | $ | 37,864 | $ | — | $ | — | |||||||||||
Other | — | 9,371 | 1,775 | — | — | ||||||||||||||||
Total unconsolidated | $ | 26,851 | $ | 95,698 | $ | 39,639 | $ | — | $ | — | |||||||||||
Shareholders_Equity_Tables
Shareholders' Equity (Tables) | 6 Months Ended | ||||||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||||||
Stockholders' Equity Note [Abstract] | ' | ||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss) [Table Text Block] | ' | ||||||||||||||||||||
A rollforward of the components of accumulated other comprehensive income (loss) is included as follows (in thousands): | |||||||||||||||||||||
Unrealized Gain (Loss) on | |||||||||||||||||||||
Available for Sale Securities | Investment Securities Transferred from AFS | Employee Benefit Plans | Loss on Effective Cash Flow Hedges | Total | |||||||||||||||||
Balance, December 31, 2012 | $ | 155,553 | $ | 3,078 | $ | (8,296 | ) | $ | (415 | ) | $ | 149,920 | |||||||||
Net change in unrealized gain (loss) | (204,545 | ) | — | — | — | (204,545 | ) | ||||||||||||||
Reclassification adjustments included in earnings: | |||||||||||||||||||||
Interest revenue, Investment securities, Taxable securities | — | (2,021 | ) | — | — | (2,021 | ) | ||||||||||||||
Interest expense, Subordinated debentures | — | — | — | 124 | 124 | ||||||||||||||||
Net impairment losses recognized in earnings | 799 | — | — | — | 799 | ||||||||||||||||
Gain on available for sale securities, net | (8,608 | ) | — | — | — | (8,608 | ) | ||||||||||||||
Other comprehensive income (loss), before income taxes | (212,354 | ) | (2,021 | ) | — | 124 | (214,251 | ) | |||||||||||||
Federal and state income taxes1 | 82,605 | 788 | — | (48 | ) | 83,345 | |||||||||||||||
Other comprehensive income (loss), net of income taxes | (129,749 | ) | (1,233 | ) | — | 76 | (130,906 | ) | |||||||||||||
Balance, June 30, 2013 | $ | 25,804 | $ | 1,845 | $ | (8,296 | ) | $ | (339 | ) | $ | 19,014 | |||||||||
Balance, December 31, 2013 | $ | (23,175 | ) | $ | 1,118 | $ | (3,311 | ) | $ | (255 | ) | $ | (25,623 | ) | |||||||
Net change in unrealized gains (losses) | 124,653 | — | (2 | ) | — | 124,651 | |||||||||||||||
Reclassification adjustments included in earnings: | |||||||||||||||||||||
Interest revenue, Investment securities, Taxable securities | — | (736 | ) | — | — | (736 | ) | ||||||||||||||
Interest expense, Subordinated debentures | — | — | — | 154 | 154 | ||||||||||||||||
Gain on available for sale securities, net | (1,244 | ) | — | — | — | (1,244 | ) | ||||||||||||||
Other comprehensive income (loss), before income taxes | 123,409 | (736 | ) | (2 | ) | 154 | 122,825 | ||||||||||||||
Federal and state income taxes1 | (48,013 | ) | 286 | 1 | (60 | ) | (47,786 | ) | |||||||||||||
Other comprehensive income (loss), net of income taxes | 75,396 | (450 | ) | (1 | ) | 94 | 75,039 | ||||||||||||||
Balance, June 30, 2014 | $ | 52,221 | $ | 668 | $ | (3,312 | ) | $ | (161 | ) | $ | 49,416 | |||||||||
1 | Calculated using a 39% effective tax rate. |
Earnings_Per_Share_Tables
Earnings Per Share (Tables) | 6 Months Ended | ||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||||||
Earnings Per Share [Table Text Block] | ' | ||||||||||||||||
(In thousands, except share and per share amounts) | Three Months Ended | Six Months Ended | |||||||||||||||
June 30, | June 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Numerator: | |||||||||||||||||
Net income attributable to BOK Financial Corp. shareholders | $ | 75,895 | $ | 79,931 | $ | 152,485 | $ | 167,895 | |||||||||
Less: Earnings allocated to participating securities | 884 | 854 | 1,579 | 1,825 | |||||||||||||
Numerator for basic earnings per share – income available to common shareholders | 75,011 | 79,077 | 150,906 | 166,070 | |||||||||||||
Effect of reallocating undistributed earnings of participating securities | 1 | 2 | 2 | 4 | |||||||||||||
Numerator for diluted earnings per share – income available to common shareholders | $ | 75,012 | $ | 79,079 | $ | 150,908 | $ | 166,074 | |||||||||
Denominator: | |||||||||||||||||
Weighted average shares outstanding | 69,162,724 | 68,719,694 | 69,031,961 | 68,645,247 | |||||||||||||
Less: Participating securities included in weighted average shares outstanding | 802,779 | 725,872 | 713,272 | 740,648 | |||||||||||||
Denominator for basic earnings per common share | 68,359,945 | 67,993,822 | 68,318,689 | 67,904,599 | |||||||||||||
Dilutive effect of employee stock compensation plans1 | 151,433 | 218,675 | 157,113 | 222,152 | |||||||||||||
Denominator for diluted earnings per common share | 68,511,378 | 68,212,497 | 68,475,802 | 68,126,751 | |||||||||||||
Basic earnings per share | $ | 1.1 | $ | 1.16 | $ | 2.21 | $ | 2.45 | |||||||||
Diluted earnings per share | $ | 1.1 | $ | 1.16 | $ | 2.2 | $ | 2.44 | |||||||||
1 Excludes employee stock options with exercise prices greater than current market price. | — | — | — | — | |||||||||||||
Reportable_Segments_Tables
Reportable Segments (Tables) | 6 Months Ended | ||||||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||||||
Segment Reporting [Abstract] | ' | ||||||||||||||||||||
Reportable Segments [Table Text Block] | ' | ||||||||||||||||||||
Reportable segments reconciliation to the Consolidated Financial Statements for the three months ended June 30, 2014 is as follows (in thousands): | |||||||||||||||||||||
Commercial | Consumer | Wealth | Funds Management and Other | BOK | |||||||||||||||||
Management | Financial | ||||||||||||||||||||
Consolidated | |||||||||||||||||||||
Net interest revenue from external sources | $ | 95,018 | $ | 24,170 | $ | 5,765 | $ | 41,144 | $ | 166,097 | |||||||||||
Net interest revenue (expense) from internal sources | (7,857 | ) | 4,666 | $ | 4,719 | (1,528 | ) | — | |||||||||||||
Net interest revenue | 87,161 | 28,836 | 10,484 | 39,616 | 166,097 | ||||||||||||||||
Provision for credit losses | (2,812 | ) | 1,345 | 19 | 1,448 | — | |||||||||||||||
Net interest revenue after provision for credit losses | 89,973 | 27,491 | 10,465 | 38,168 | 166,097 | ||||||||||||||||
Other operating revenue | 44,836 | 51,256 | 65,527 | 950 | 162,569 | ||||||||||||||||
Other operating expense | 50,922 | 49,087 | 55,156 | 59,542 | 214,707 | ||||||||||||||||
Net direct contribution | 83,887 | 29,660 | 20,836 | (20,424 | ) | 113,959 | |||||||||||||||
Corporate expense allocations | 18,367 | 16,911 | 12,388 | (47,666 | ) | — | |||||||||||||||
Net income before taxes | 65,520 | 12,749 | 8,448 | 27,242 | 113,959 | ||||||||||||||||
Federal and state income taxes | 25,487 | 4,959 | 3,286 | 3,498 | 37,230 | ||||||||||||||||
Net income | 40,033 | 7,790 | 5,162 | 23,744 | 76,729 | ||||||||||||||||
Net income attributable to non-controlling interests | — | — | — | 834 | 834 | ||||||||||||||||
Net income attributable to BOK Financial Corp. shareholders | $ | 40,033 | $ | 7,790 | $ | 5,162 | $ | 22,910 | $ | 75,895 | |||||||||||
Average assets | $ | 11,243,678 | $ | 5,668,256 | $ | 4,556,825 | $ | 6,018,062 | $ | 27,486,821 | |||||||||||
Average invested capital | 937,085 | 276,294 | 214,936 | 1,748,409 | 3,176,724 | ||||||||||||||||
Performance measurements: | |||||||||||||||||||||
Return on average assets | 1.43 | % | 0.55 | % | 0.45 | % | 1.11 | % | |||||||||||||
Return on average invested capital | 17.14 | % | 11.31 | % | 9.63 | % | 9.58 | % | |||||||||||||
Efficiency ratio | 38.52 | % | 55.11 | % | 72.29 | % | 63.62 | % | |||||||||||||
Reportable segments reconciliation to the Consolidated Financial Statements for the six months ended June 30, 2014 is as follows (in thousands): | |||||||||||||||||||||
Commercial | Consumer | Wealth | Funds Management and Other | BOK | |||||||||||||||||
Management | Financial | ||||||||||||||||||||
Consolidated | |||||||||||||||||||||
Net interest revenue from external sources | $ | 186,037 | $ | 48,826 | $ | 11,604 | $ | 82,272 | $ | 328,739 | |||||||||||
Net interest revenue (expense) from internal sources | (16,714 | ) | 8,860 | $ | 9,403 | (1,549 | ) | — | |||||||||||||
Net interest revenue | 169,323 | 57,686 | 21,007 | 80,723 | 328,739 | ||||||||||||||||
Provision for credit losses | (6,043 | ) | 2,201 | (26 | ) | 3,868 | — | ||||||||||||||
Net interest revenue after provision for credit losses | 175,366 | 55,485 | 21,033 | 76,855 | 328,739 | ||||||||||||||||
Other operating revenue | 85,525 | 94,668 | 119,787 | (405 | ) | 299,575 | |||||||||||||||
Other operating expense | 100,310 | 90,932 | 104,403 | 104,166 | 399,811 | ||||||||||||||||
Net direct contribution | 160,581 | 59,221 | 36,417 | (27,716 | ) | 228,503 | |||||||||||||||
Corporate expense allocations | 35,653 | 32,750 | 23,810 | (92,213 | ) | — | |||||||||||||||
Net income before taxes | 124,928 | 26,471 | 12,607 | 64,497 | 228,503 | ||||||||||||||||
Federal and state income taxes | 48,597 | 10,297 | 4,904 | 10,933 | 74,731 | ||||||||||||||||
Net income | 76,331 | 16,174 | 7,703 | 53,564 | 153,772 | ||||||||||||||||
Net income attributable to non-controlling interests | — | — | — | 1,287 | 1,287 | ||||||||||||||||
Net income attributable to BOK Financial Corp. shareholders | $ | 76,331 | $ | 16,174 | $ | 7,703 | $ | 52,277 | $ | 152,485 | |||||||||||
Average assets | $ | 11,100,687 | $ | 5,642,181 | $ | 4,589,141 | $ | 6,031,471 | $ | 27,363,480 | |||||||||||
Average invested capital | 934,768 | 279,897 | 208,909 | 1,717,523 | 3,141,097 | ||||||||||||||||
Performance measurements: | |||||||||||||||||||||
Return on average assets | 1.39 | % | 0.58 | % | 0.34 | % | 1.12 | % | |||||||||||||
Return on average invested capital | 16.47 | % | 11.65 | % | 7.44 | % | 9.79 | % | |||||||||||||
Efficiency ratio | 39.07 | % | 53.74 | % | 73.72 | % | 61.74 | % | |||||||||||||
Reportable segments reconciliation to the Consolidated Financial Statements for the three months ended June 30, 2013 is as follows (in thousands): | |||||||||||||||||||||
Commercial | Consumer | Wealth | Funds Management and Other | BOK | |||||||||||||||||
Management | Financial | ||||||||||||||||||||
Consolidated | |||||||||||||||||||||
Net interest revenue from external sources | $ | 90,551 | $ | 24,830 | $ | 6,512 | $ | 46,999 | $ | 168,892 | |||||||||||
Net interest revenue (expense) from internal sources | (9,389 | ) | 5,167 | 5,107 | (885 | ) | — | ||||||||||||||
Net interest revenue | 81,162 | 29,997 | 11,619 | 46,114 | 168,892 | ||||||||||||||||
Provision for credit losses | 86 | 1,402 | 931 | (2,419 | ) | — | |||||||||||||||
Net interest revenue after provision for credit losses | 81,076 | 28,595 | 10,688 | 48,533 | 168,892 | ||||||||||||||||
Other operating revenue | 43,330 | 62,309 | 55,287 | 2,414 | 163,340 | ||||||||||||||||
Other operating expense | 47,342 | 47,151 | 51,440 | 64,988 | 210,921 | ||||||||||||||||
Net direct contribution | 77,064 | 43,753 | 14,535 | (14,041 | ) | 121,311 | |||||||||||||||
Corporate expense allocations | 18,080 | 14,690 | 13,019 | (45,789 | ) | — | |||||||||||||||
Net income before taxes | 58,984 | 29,063 | 1,516 | 31,748 | 121,311 | ||||||||||||||||
Federal and state income taxes | 22,945 | 11,306 | 590 | 6,582 | 41,423 | ||||||||||||||||
Net income | 36,039 | 17,757 | 926 | 25,166 | 79,888 | ||||||||||||||||
Net loss attributable to non-controlling interests | — | — | — | (43 | ) | (43 | ) | ||||||||||||||
Net income attributable to BOK Financial Corp. shareholders | $ | 36,039 | $ | 17,757 | $ | 926 | $ | 25,209 | $ | 79,931 | |||||||||||
Average assets | $ | 10,363,144 | $ | 5,695,096 | $ | 4,544,061 | $ | 7,057,023 | $ | 27,659,324 | |||||||||||
Average invested capital | 899,087 | 297,674 | 206,219 | 1,624,674 | 3,027,654 | ||||||||||||||||
Performance measurements: | |||||||||||||||||||||
Return on average assets | 1.39 | % | 1.25 | % | 0.08 | % | 1.16 | % | |||||||||||||
Return on average invested capital | 16.08 | % | 23.93 | % | 1.8 | % | 10.59 | % | |||||||||||||
Efficiency ratio | 37.96 | % | 49.26 | % | 76.87 | % | 63.11 | % | |||||||||||||
Reportable segments reconciliation to the Consolidated Financial Statements for the six months ended June 30, 2013 is as follows (in thousands): | |||||||||||||||||||||
Commercial | Consumer | Wealth | Funds Management and Other | BOK | |||||||||||||||||
Management | Financial | ||||||||||||||||||||
Consolidated | |||||||||||||||||||||
Net interest revenue from external sources | $ | 181,433 | $ | 48,925 | $ | 12,991 | $ | 96,995 | $ | 340,344 | |||||||||||
Net interest revenue (expense) from internal sources | (18,534 | ) | 10,650 | 10,403 | (2,519 | ) | — | ||||||||||||||
Net interest revenue | 162,899 | 59,575 | 23,394 | 94,476 | 340,344 | ||||||||||||||||
Provision for credit losses | 1,107 | 2,332 | 1,449 | (12,888 | ) | (8,000 | ) | ||||||||||||||
Net interest revenue after provision for credit losses | 161,792 | 57,243 | 21,945 | 107,364 | 348,344 | ||||||||||||||||
Other operating revenue | 84,781 | 122,108 | 106,778 | 10,359 | 324,026 | ||||||||||||||||
Other operating expense | 94,002 | 92,159 | 98,562 | 130,181 | 414,904 | ||||||||||||||||
Net direct contribution | 152,571 | 87,192 | 30,161 | (12,458 | ) | 257,466 | |||||||||||||||
Corporate expense allocations | 36,079 | 28,859 | 25,559 | (90,497 | ) | — | |||||||||||||||
Net income before taxes | 116,492 | 58,333 | 4,602 | 78,039 | 257,466 | ||||||||||||||||
Federal and state income taxes | 45,315 | 22,692 | 1,790 | 18,722 | 88,519 | ||||||||||||||||
Net income | 71,177 | 35,641 | 2,812 | 59,317 | 168,947 | ||||||||||||||||
Net income attributable to non-controlling interests | — | — | — | 1,052 | 1,052 | ||||||||||||||||
Net income attributable to BOK Financial Corp. shareholders | $ | 71,177 | $ | 35,641 | $ | 2,812 | $ | 58,265 | $ | 167,895 | |||||||||||
Average assets | $ | 10,486,544 | $ | 5,709,446 | $ | 4,615,169 | $ | 6,775,621 | $ | 27,586,780 | |||||||||||
Average invested capital | 895,748 | 297,375 | 204,161 | 1,615,544 | 3,012,828 | ||||||||||||||||
Performance measurements: | |||||||||||||||||||||
Return on average assets | 1.37 | % | 1.26 | % | 0.12 | % | 1.23 | % | |||||||||||||
Return on average invested capital | 16.02 | % | 24.17 | % | 2.78 | % | 11.24 | % | |||||||||||||
Efficiency ratio | 37.89 | % | 47.91 | % | 75.24 | % | 62.07 | % |
Fair_Value_Measurements_Tables
Fair Value Measurements (Tables) | 6 Months Ended | |||||||||||||||||||||||||||
Jun. 30, 2014 | ||||||||||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | |||||||||||||||||||||||||||
Fair Value Assets And Liabilities Measured On A Recurring Basis [Table Text Block] | ' | |||||||||||||||||||||||||||
The fair value of financial assets and liabilities that are measured on a recurring basis is as follows as of June 30, 2014 (in thousands): | ||||||||||||||||||||||||||||
Total | Quoted Prices in Active Markets for Identical Instruments | Significant Other Observable Inputs | Significant Unobservable Inputs | |||||||||||||||||||||||||
Assets: | ||||||||||||||||||||||||||||
Trading securities: | ||||||||||||||||||||||||||||
U.S. Government agency debentures | $ | 19,027 | $ | — | $ | 19,027 | $ | — | ||||||||||||||||||||
U.S. agency residential mortgage-backed securities | 13,540 | — | 13,540 | — | ||||||||||||||||||||||||
Municipal and other tax-exempt securities | 32,950 | — | 32,950 | — | ||||||||||||||||||||||||
Other trading securities | 35,580 | — | 35,580 | — | ||||||||||||||||||||||||
Total trading securities | 101,097 | — | 101,097 | — | ||||||||||||||||||||||||
Available for sale securities: | ||||||||||||||||||||||||||||
U.S. Treasury | 1,024 | 1,024 | — | — | ||||||||||||||||||||||||
Municipal and other tax-exempt | 64,970 | — | 54,525 | 10,445 | ||||||||||||||||||||||||
U.S. agency residential mortgage-backed securities | 7,259,504 | — | 7,259,504 | — | ||||||||||||||||||||||||
Privately issued residential mortgage-backed securities | 179,042 | — | 179,042 | — | ||||||||||||||||||||||||
Commercial mortgage-backed securities guaranteed by U.S. government agencies | 2,115,295 | — | 2,115,295 | — | ||||||||||||||||||||||||
Other debt securities | 34,528 | — | 30,297 | 4,231 | ||||||||||||||||||||||||
Perpetual preferred stock | 24,730 | — | 24,730 | — | ||||||||||||||||||||||||
Equity securities and mutual funds | 20,053 | 5,106 | 14,947 | — | ||||||||||||||||||||||||
Total available for sale securities | 9,699,146 | 6,130 | 9,678,340 | 14,676 | ||||||||||||||||||||||||
Fair value option securities: | ||||||||||||||||||||||||||||
U.S. agency residential mortgage-backed securities | 181,205 | — | 181,205 | — | ||||||||||||||||||||||||
Other securities | 4,469 | — | 4,469 | — | ||||||||||||||||||||||||
Total fair value option securities | 185,674 | — | 185,674 | — | ||||||||||||||||||||||||
Residential mortgage loans held for sale | 325,875 | — | 325,875 | — | ||||||||||||||||||||||||
Mortgage servicing rights1 | 155,740 | — | — | 155,740 | ||||||||||||||||||||||||
Derivative contracts, net of cash collateral2 | 357,680 | 800 | 356,880 | — | ||||||||||||||||||||||||
Other assets – private equity funds | 27,834 | — | — | 27,834 | ||||||||||||||||||||||||
Liabilities: | ||||||||||||||||||||||||||||
Derivative contracts, net of cash collateral2 | 297,851 | — | 297,851 | — | ||||||||||||||||||||||||
1 | A reconciliation of the beginning and ending fair value of mortgage servicing rights and disclosures of significant assumptions used to determine fair value are presented in Note 6, Mortgage Banking Activities. | |||||||||||||||||||||||||||
2 | See Note 3 for detail of fair value of derivative contracts by contract type. Derivative contracts in asset positions that were valued based on quoted prices in active markets for identical instruments (Level 1) are exchange-traded energy derivative contacts, net of cash margin. Derivative contacts in liability positions that were valued using quoted prices in active market for identical instruments are exchange-traded energy, agricultural and interest rate derivative contracts that were fully offset by cash margin. | |||||||||||||||||||||||||||
The fair value of financial assets and liabilities that are measured on a recurring basis is as follows as of December 31, 2013 (in thousands): | ||||||||||||||||||||||||||||
Total | Quoted Prices in Active Markets for Identical Instruments | Significant Other Observable Inputs | Significant Unobservable Inputs | |||||||||||||||||||||||||
Assets: | ||||||||||||||||||||||||||||
Trading securities: | ||||||||||||||||||||||||||||
U.S. Government agency debentures | $ | 34,120 | $ | — | $ | 34,120 | $ | — | ||||||||||||||||||||
U.S. agency residential mortgage-backed securities | 21,011 | — | 21,011 | — | ||||||||||||||||||||||||
Municipal and other tax-exempt securities | 27,350 | — | 27,350 | — | ||||||||||||||||||||||||
Other trading securities | 9,135 | — | 9,135 | — | ||||||||||||||||||||||||
Total trading securities | 91,616 | — | 91,616 | — | ||||||||||||||||||||||||
Available for sale securities: | ||||||||||||||||||||||||||||
U.S. Treasury | 1,042 | 1,042 | — | — | ||||||||||||||||||||||||
Municipal and other tax-exempt | 73,775 | — | 55,970 | 17,805 | ||||||||||||||||||||||||
U.S. agency residential mortgage-backed securities | 7,716,010 | — | 7,716,010 | — | ||||||||||||||||||||||||
Privately issued residential mortgage-backed securities | 221,099 | — | 221,099 | — | ||||||||||||||||||||||||
Commercial mortgage-backed securities guaranteed by U.S. government agencies | 2,055,804 | — | 2,055,804 | — | ||||||||||||||||||||||||
Other debt securities | 35,241 | — | 30,529 | 4,712 | ||||||||||||||||||||||||
Perpetual preferred stock | 22,863 | — | 22,863 | — | ||||||||||||||||||||||||
Equity securities and mutual funds | 21,328 | — | 17,121 | 4,207 | ||||||||||||||||||||||||
Total available for sale securities | 10,147,162 | 1,042 | 10,119,396 | 26,724 | ||||||||||||||||||||||||
Fair value option securities: | ||||||||||||||||||||||||||||
U.S. agency residential mortgage-backed securities | 157,431 | — | 157,431 | — | ||||||||||||||||||||||||
Other securities | 9,694 | — | 9,694 | — | ||||||||||||||||||||||||
Total fair value option securities | 167,125 | — | 167,125 | — | ||||||||||||||||||||||||
Residential mortgage loans held for sale | 200,546 | — | 200,546 | — | ||||||||||||||||||||||||
Mortgage servicing rights1 | 153,333 | — | — | 153,333 | ||||||||||||||||||||||||
Derivative contracts, net of cash collateral2 | 265,012 | 2,712 | 262,300 | — | ||||||||||||||||||||||||
Other assets – private equity funds | 27,341 | — | — | 27,341 | ||||||||||||||||||||||||
Liabilities: | ||||||||||||||||||||||||||||
Derivative contracts, net of cash collateral2 | 247,185 | — | 247,185 | — | ||||||||||||||||||||||||
1 | A reconciliation of the beginning and ending fair value of mortgage servicing rights and disclosures of significant assumptions used to determine fair value are presented in Note 6, Mortgage Banking Activities. | |||||||||||||||||||||||||||
2 | See Note 3 for detail of fair value of derivative contracts by contract type. Derivative contracts based on quoted prices in active markets for identical instruments (Level 1) are exchange-traded energy derivative contacts, net of cash margin. | |||||||||||||||||||||||||||
The fair value of financial assets and liabilities that are measured on a recurring basis is as follows as of June 30, 2013 (in thousands): | ||||||||||||||||||||||||||||
Total | Quoted Prices in | Significant Other Observable Inputs | Significant Unobservable Inputs | |||||||||||||||||||||||||
Active Markets for Identical Instruments | ||||||||||||||||||||||||||||
Assets: | ||||||||||||||||||||||||||||
Trading securities: | ||||||||||||||||||||||||||||
U.S. Government agency debentures | $ | 60,713 | $ | — | $ | 60,713 | $ | — | ||||||||||||||||||||
U.S. agency residential mortgage-backed securities | 43,858 | — | 43,858 | — | ||||||||||||||||||||||||
Municipal and other tax-exempt securities | 53,819 | — | 53,819 | — | ||||||||||||||||||||||||
Other trading securities | 32,201 | — | 32,201 | — | ||||||||||||||||||||||||
Total trading securities | 190,591 | — | 190,591 | — | ||||||||||||||||||||||||
Available for sale securities: | ||||||||||||||||||||||||||||
U.S. Treasury | 1,060 | 1,060 | — | — | ||||||||||||||||||||||||
Municipal and other tax-exempt | 95,103 | — | 56,256 | 38,847 | ||||||||||||||||||||||||
U.S. agency residential mortgage-backed securities | 8,372,795 | — | 8,372,795 | — | ||||||||||||||||||||||||
Privately issued residential mortgage-backed securities | 297,175 | — | 297,175 | — | ||||||||||||||||||||||||
Commercial mortgage-backed securities guaranteed by U.S. government agencies | 1,846,943 | — | 1,846,943 | — | ||||||||||||||||||||||||
Other debt securities | 35,894 | — | 30,701 | 5,193 | ||||||||||||||||||||||||
Perpetual preferred stock | 25,583 | — | 25,583 | — | ||||||||||||||||||||||||
Equity securities and mutual funds | 23,521 | 5,119 | 16,155 | 2,247 | ||||||||||||||||||||||||
Total available for sale securities | 10,698,074 | 6,179 | 10,645,608 | 46,287 | ||||||||||||||||||||||||
Fair value option securities: | ||||||||||||||||||||||||||||
U.S. agency residential mortgage-backed securities | 203,816 | — | 203,816 | — | ||||||||||||||||||||||||
Other securities | 1,940 | — | 1,940 | — | ||||||||||||||||||||||||
Total fair value option securities | 205,756 | — | 205,756 | — | ||||||||||||||||||||||||
Residential mortgage loans held for sale | 301,057 | — | 301,057 | — | ||||||||||||||||||||||||
Mortgage servicing rights1 | 132,889 | — | — | 132,889 | ||||||||||||||||||||||||
Derivative contracts, net of cash collateral2 | 546,206 | 17,588 | 528,618 | — | ||||||||||||||||||||||||
Other assets – private equity funds | 28,379 | — | — | 28,379 | ||||||||||||||||||||||||
Liabilities: | ||||||||||||||||||||||||||||
Derivative contracts, net of cash collateral2 | 521,991 | — | 521,991 | — | ||||||||||||||||||||||||
1 | A reconciliation of the beginning and ending fair value of mortgage servicing rights and disclosures of significant assumptions used to determine fair value are presented in Note 6, Mortgage Banking Activities. | |||||||||||||||||||||||||||
2 | See Note 3 for detail of fair value of derivative contracts by contract type. Derivative contracts based on quoted prices in active markets for identical instruments (Level 1) are exchange-traded energy and agricultural derivative contacts, net of cash margin. | |||||||||||||||||||||||||||
Fair Value Assets Measured On Recurring Basis, Significant Unobservable Inputs [Table Text Block] | ' | |||||||||||||||||||||||||||
The following represents the changes for the three months ended June 30, 2014 related to assets measured at fair value on a recurring basis using significant unobservable inputs (in thousands): | ||||||||||||||||||||||||||||
Available for Sale Securities | ||||||||||||||||||||||||||||
Municipal and other tax-exempt | Other debt securities | Equity securities and mutual funds | Other assets – private equity funds | |||||||||||||||||||||||||
Balance, March 31, 2014 | $ | 15,523 | $ | 4,712 | $ | — | $ | 27,466 | ||||||||||||||||||||
Transfer to Level 3 from Level 2 | — | — | — | — | ||||||||||||||||||||||||
Purchases and capital calls | — | — | — | 220 | ||||||||||||||||||||||||
Redemptions and distributions | (5,165 | ) | (500 | ) | — | (2,076 | ) | |||||||||||||||||||||
Gain (loss) recognized in earnings: | ||||||||||||||||||||||||||||
Gain on other assets, net | — | — | — | 2,223 | ||||||||||||||||||||||||
Loss on available for sale securities, net | (157 | ) | — | — | — | |||||||||||||||||||||||
Charitable contributions to BOKF Foundation | — | — | — | — | ||||||||||||||||||||||||
Other comprehensive gain (loss): | ||||||||||||||||||||||||||||
Net change in unrealized gain (loss) | 244 | 19 | — | — | ||||||||||||||||||||||||
Balance, June 30, 2014 | $ | 10,445 | $ | 4,231 | $ | — | $ | 27,833 | ||||||||||||||||||||
The following represents the changes for the six months ended June 30, 2014 related to assets measured at fair value on a recurring basis using significant unobservable inputs (in thousands): | ||||||||||||||||||||||||||||
Available for Sale Securities | ||||||||||||||||||||||||||||
Municipal and other tax-exempt | Other debt securities | Equity securities and mutual funds | Other assets – private equity funds | |||||||||||||||||||||||||
Balance, December 31, 2013 | $ | 17,805 | $ | 4,712 | $ | 4,207 | $ | 27,341 | ||||||||||||||||||||
Transfer to Level 3 from Level 2 | — | — | — | — | ||||||||||||||||||||||||
Purchases and capital calls | — | — | — | 425 | ||||||||||||||||||||||||
Redemptions and distributions | (7,487 | ) | (500 | ) | — | (3,181 | ) | |||||||||||||||||||||
Gain (loss) recognized in earnings: | ||||||||||||||||||||||||||||
Gain on other assets, net | — | — | — | 3,248 | ||||||||||||||||||||||||
Loss on available for sale securities, net | (235 | ) | — | — | — | |||||||||||||||||||||||
Charitable contributions to BOKF Foundation | — | — | (2,420 | ) | — | |||||||||||||||||||||||
Other comprehensive gain (loss): | ||||||||||||||||||||||||||||
Net change in unrealized gain (loss) | 362 | 19 | (1,787 | ) | — | |||||||||||||||||||||||
Balance, June 30, 2014 | $ | 10,445 | $ | 4,231 | $ | — | $ | 27,833 | ||||||||||||||||||||
The following represents the changes for the six months ended June 30, 2013 related to assets measured at fair value on a recurring basis using significant unobservable inputs (in thousands): | ||||||||||||||||||||||||||||
Available for Sale Securities | ||||||||||||||||||||||||||||
Municipal and other tax-exempt | Other debt securities | Equity securities and mutual funds | Other assets – private equity funds | |||||||||||||||||||||||||
Balance, March 31, 2013 | $ | 39,007 | $ | 5,193 | $ | 2,472 | $ | 29,216 | ||||||||||||||||||||
Transfer to Level 3 from Level 2 | — | — | — | — | ||||||||||||||||||||||||
Purchases, and capital calls | — | — | — | 148 | ||||||||||||||||||||||||
Redemptions and distributions | — | — | — | (1,005 | ) | |||||||||||||||||||||||
Gain (loss) recognized in earnings | ||||||||||||||||||||||||||||
Gain on other assets, net | — | — | — | 20 | ||||||||||||||||||||||||
Other comprehensive gain (loss): | ||||||||||||||||||||||||||||
Net change in unrealized gain (loss) | (160 | ) | — | (225 | ) | — | ||||||||||||||||||||||
Balance, June 30, 2013 | $ | 38,847 | $ | 5,193 | $ | 2,247 | $ | 28,379 | ||||||||||||||||||||
The following represents the changes for the three months ended June 30, 2013 related to assets measured at fair value on a recurring basis using significant unobservable inputs (in thousands): | ||||||||||||||||||||||||||||
Available for Sale Securities | ||||||||||||||||||||||||||||
Municipal and other tax-exempt | Other debt securities | Equity securities and mutual funds | Other assets – private equity funds | |||||||||||||||||||||||||
Balance, December 31, 2012 | $ | 40,702 | $ | 5,399 | $ | 2,161 | $ | 28,169 | ||||||||||||||||||||
Transfer to Level 3 from Level 2 | — | — | — | — | ||||||||||||||||||||||||
Purchases, and capital calls | — | — | — | 640 | ||||||||||||||||||||||||
Redemptions and distributions | (98 | ) | — | — | (1,835 | ) | ||||||||||||||||||||||
Gain (loss) recognized in earnings | ||||||||||||||||||||||||||||
Gain on other assets, net | — | — | — | 1,405 | ||||||||||||||||||||||||
Other comprehensive gain (loss): | ||||||||||||||||||||||||||||
Net change in unrealized gain (loss) | (1,757 | ) | (206 | ) | 86 | — | ||||||||||||||||||||||
Balance, June 30, 2013 | $ | 38,847 | $ | 5,193 | $ | 2,247 | $ | 28,379 | ||||||||||||||||||||
Fair Value Inputs, Fair Value Measured On a Recurring Basis, Quantitative Information [Table Text Block] | ' | |||||||||||||||||||||||||||
A summary of quantitative information about assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) as of June 30, 2014 follows (in thousands): | ||||||||||||||||||||||||||||
Quantitative Information about Level 3 Recurring Fair Value Measurements | ||||||||||||||||||||||||||||
Par | Amortized | Fair | Valuation Technique(s) | Unobservable Input | Range | |||||||||||||||||||||||
Value | Cost | Value | (Weighted Average) | |||||||||||||||||||||||||
Available for sale securities | ||||||||||||||||||||||||||||
Municipal and other tax-exempt securities | $ | 10,970 | $ | 10,903 | $ | 10,445 | Discounted cash flows | 1 | Interest rate spread | 4.91%-5.21% (5.17%) | 2 | |||||||||||||||||
95.11%-96.13% (95.38%) | 3 | |||||||||||||||||||||||||||
Other debt securities | 4,400 | 4,400 | 4,231 | Discounted cash flows | 1 | Interest rate spread | 4.38%-5.65% (5.51%) | 4 | ||||||||||||||||||||
95.11% - 95.28 (95.17%) | 3 | |||||||||||||||||||||||||||
Other assets - private equity funds | N/A | N/A | 27,834 | Net asset value reported by underlying fund | Net asset value reported by underlying fund | N/A | ||||||||||||||||||||||
1 | Discounted cash flows developed using discount rates primarily based on reference to interest rate spreads for comparable securities of similar duration and credit rating as determined by the nationally-recognized rating agencies, adjusted for lack of trading volume | |||||||||||||||||||||||||||
2 | Interest rate yields used to value investment grade tax-exempt securities represent a spread of 480 to 508 basis points over average yields for comparable tax-exempt securities. | |||||||||||||||||||||||||||
3 | Represents fair value as a percentage of par value | |||||||||||||||||||||||||||
4 | Interest rate yields used to value investment grade taxable securities based on comparable short-term taxable securities which are generally yielding less than 1%. | |||||||||||||||||||||||||||
The fair value of these securities measured at fair value using significant unobservable inputs are sensitive primarily to changes in interest rate spreads. At June 30, 2014, for tax-exempt securities rated investment grade by all nationally-recognized rating agencies, a 100 basis point increase in the spreads over average yields for comparable securities would result in an additional decrease in the fair value of $101 thousand. For taxable securities rated investment grade by all nationally-recognized rating agencies, a 100 basis point increase in the spreads over average yield for comparable securities would result in an additional decrease in the fair value of $41 thousand. | ||||||||||||||||||||||||||||
A summary of quantitative information about Recurring Fair Value Measurements based on Significant Unobservable Inputs (Level 3) as of December 31, 2013 follows (in thousands): | ||||||||||||||||||||||||||||
Quantitative Information about Level 3 Recurring Fair Value Measurements | ||||||||||||||||||||||||||||
Par | Amortized | Fair | Valuation Technique(s) | Unobservable Input | Range | |||||||||||||||||||||||
Value | Cost | Value | (Weighted Average) | |||||||||||||||||||||||||
Available for sale securities | ||||||||||||||||||||||||||||
Municipal and other tax-exempt securities | $ | 18,695 | $ | 18,624 | $ | 17,805 | Discounted cash flows | 1 | Interest rate spread | 4.97%-5.27% (5.16%) | 2 | |||||||||||||||||
95.02%-95.50% (95.24%) | 3 | |||||||||||||||||||||||||||
Other debt securities | 4,900 | 4,900 | 4,712 | Discounted cash flows | 1 | Interest rate spread | 5.67% (5.67%) | 4 | ||||||||||||||||||||
96.16% (96.16%) | 3 | |||||||||||||||||||||||||||
Equity securities and mutual funds | N/A | 2,420 | 4,207 | Publicly announced preliminary purchase price information from acquirer. | Discount for settlement uncertainty. | N/A | 5 | |||||||||||||||||||||
Other assets - private equity funds | N/A | N/A | 27,341 | Net asset value reported by underlying fund | Net asset value reported by underlying fund | N/A | ||||||||||||||||||||||
1 | Discounted cash flows developed using discount rates primarily based on reference to interest rate spreads for comparable securities of similar duration and credit rating as determined by the nationally-recognized rating agencies, adjusted for lack of trading volume | |||||||||||||||||||||||||||
2 | Interest rate yields used to value investment grade tax-exempt securities represent a spread of 467 to 518 basis points over average yields for comparable tax-exempt securities. | |||||||||||||||||||||||||||
3 | Represents fair value as a percentage of par value | |||||||||||||||||||||||||||
4 | Interest rate yields used to value investment grade taxable securities based on comparable short-term taxable securities which are generally yielding less than 1%. | |||||||||||||||||||||||||||
5 | Fair value of shares of a smaller privately-held financial institution were valued using preliminary announced purchase information by a publicly-traded acquirer. | |||||||||||||||||||||||||||
A summary of quantitative information about Recurring Fair Value Measurements based on Significant Unobservable Inputs (Level 3) as of June 30, 2013 follows (in thousands): | ||||||||||||||||||||||||||||
Quantitative Information about Level 3 Recurring Fair Value Measurements | ||||||||||||||||||||||||||||
Par | Amortized | Fair | Valuation Technique(s) | Unobservable Input | Range | |||||||||||||||||||||||
Value | Cost6 | Value | (Weighted Average) | |||||||||||||||||||||||||
Available for sale securities | ||||||||||||||||||||||||||||
Municipal and other tax-exempt securities | ||||||||||||||||||||||||||||
Investment grade | $ | 28,470 | $ | 28,375 | $ | 27,116 | Discounted cash flows | 1 | Interest rate spread | 4.99%-5.49% (5.24%) | 2 | |||||||||||||||||
95.01%-95.60% (95.25%) | 3 | |||||||||||||||||||||||||||
Below investment grade | 17,000 | 12,384 | 11,731 | Discounted cash flows | 1 | Interest rate spread | 9.15%-11.19% (9.87%) | 4 | ||||||||||||||||||||
68.91%-69.09% (69.01%) | 3 | |||||||||||||||||||||||||||
Total municipal and other tax-exempt securities | 45,470 | 40,759 | 38,847 | |||||||||||||||||||||||||
Other debt securities | 5,400 | 5,400 | 5,193 | Discounted cash flows | 1 | Interest rate spread | 4.41%-5.69% (5.48%) | 5 | ||||||||||||||||||||
96.13% - 96.16 (96.16%) | 3 | |||||||||||||||||||||||||||
Equity securities and mutual funds | N/A | 2,420 | 2,247 | Tangible book value per share of publicly traded financial institutions of similar size, less liquidity discount. | Peer group tangible book per share and liquidity discount. | N/A | 7 | |||||||||||||||||||||
Other assets - private equity funds | N/A | N/A | 28,379 | Net asset value reported by underlying fund | Net asset value reported by underlying fund | N/A | ||||||||||||||||||||||
1 | Discounted cash flows developed using discount rates primarily based on reference to interest rate spreads for comparable securities of similar duration and credit rating as determined by the nationally-recognized rating agencies, adjusted for lack of trading volume | |||||||||||||||||||||||||||
2 | Interest rate yields used to value investment grade tax-exempt securities represent a spread of 457 to 520 basis points over average yields for comparable tax-exempt securities. | |||||||||||||||||||||||||||
3 | Represents fair value as a percentage of par value | |||||||||||||||||||||||||||
4 | Interest rate yields determined using a spread of 700 basis points over comparable municipal securities of varying durations. | |||||||||||||||||||||||||||
5 | Interest rate yields used to value investment grade taxable securities based on comparable short-term taxable securities which are generally yielding less than 1%. | |||||||||||||||||||||||||||
6 | Amortized cost reduced by other-than-temporary impairments recorded in earnings. See Note 2 for additional discussion. | |||||||||||||||||||||||||||
7 | Fair value of shares of a smaller privately-held financial institution were valued using the tangible book value per share of similarly sized financial institutions within the immediate geographical market with a discount of 20% due to the liquidity of the shares. | |||||||||||||||||||||||||||
Fair Value Assets Measured on Nonrecurring Basis [Table Text Block] | ' | |||||||||||||||||||||||||||
The following represents the carrying value of assets measured at fair value on a non-recurring basis (and related losses) during the period. The carrying value represents only those assets with a balance at June 30, 2014 for which the fair value was adjusted during the six months ended June 30, 2014: | ||||||||||||||||||||||||||||
Fair Value Adjustments for the | ||||||||||||||||||||||||||||
Carrying Value at June 30, 2014 | Three Months Ended | Six Months Ended | ||||||||||||||||||||||||||
30-Jun-14 | 30-Jun-14 | |||||||||||||||||||||||||||
Recognized in: | Recognized in: | |||||||||||||||||||||||||||
Quoted Prices | Significant | Significant | Gross charge-offs against allowance for loan losses | Net losses and expenses of repossessed assets, net | Gross charge-offs against allowance for loan losses | Net losses and expenses of repossessed assets, net | ||||||||||||||||||||||
in Active Markets for Identical Instruments | Other | Unobservable | ||||||||||||||||||||||||||
Observable | Inputs | |||||||||||||||||||||||||||
Inputs | ||||||||||||||||||||||||||||
Impaired loans | $ | — | $ | 5,182 | $ | 65 | $ | 949 | $ | — | $ | 1,627 | $ | — | ||||||||||||||
Real estate and other repossessed assets | — | 8,303 | 27 | — | (21 | ) | — | 1,308 | ||||||||||||||||||||
The following represents the carrying value of assets measured at fair value on a non-recurring basis (and related losses) during the period. The carrying value represents only those assets with a balance at June 30, 2013 for which the fair value was adjusted during the six months ended June 30, 2013: | ||||||||||||||||||||||||||||
Fair Value Adjustments for the | ||||||||||||||||||||||||||||
Carrying Value at June 30, 2013 | Three Months Ended | Six Months Ended | ||||||||||||||||||||||||||
30-Jun-13 | 30-Jun-13 | |||||||||||||||||||||||||||
Recognized in: | Recognized in: | |||||||||||||||||||||||||||
Quoted Prices | Significant | Significant | Gross charge-offs against allowance for loan losses | Net losses and expenses of repossessed assets, net | Gross charge-offs against allowance for loan losses | Net losses and expenses of repossessed assets, net | ||||||||||||||||||||||
in Active Markets for Identical Instruments | Other | Unobservable | ||||||||||||||||||||||||||
Observable | Inputs | |||||||||||||||||||||||||||
Inputs | ||||||||||||||||||||||||||||
Impaired loans | $ | — | $ | 10,245 | $ | 4,930 | $ | 5,060 | $ | — | $ | 6,601 | $ | — | ||||||||||||||
Real estate and other repossessed assets | — | 7,949 | 271 | — | 863 | — | 1,014 | |||||||||||||||||||||
Fair Value Inputs, Fair Value Measured On a Nonrecurring Basis, Quantitative Information [Table Text Block] | ' | |||||||||||||||||||||||||||
A summary of quantitative information about Non-recurring Fair Value Measurements based on Significant Unobservable Inputs (Level 3) as of June 30, 2014 follows (in thousands): | ||||||||||||||||||||||||||||
Quantitative Information about Level 3 Non-recurring Fair Value Measurements | ||||||||||||||||||||||||||||
Fair Value | Valuation Technique(s) | Unobservable Input | Range | |||||||||||||||||||||||||
(Weighted Average) | ||||||||||||||||||||||||||||
Impaired loans | $ | 65 | Appraised value, as adjusted | Broker quotes and management's knowledge of industry and collateral. | N/A | |||||||||||||||||||||||
Real estate and other repossessed assets | $ | 27 | Listing value, less cost to sell | Marketability adjustment off appraised value | 77%1 | |||||||||||||||||||||||
1 | Marketability adjustments include consideration of estimated costs to sell, which is approximately 10% of fair value. | |||||||||||||||||||||||||||
A summary of quantitative information about Non-recurring Fair Value Measurements based on Significant Unobservable Inputs (Level 3) as of June 30, 2013 follows (in thousands): | ||||||||||||||||||||||||||||
Quantitative Information about Level 3 Non-recurring Fair Value Measurements | ||||||||||||||||||||||||||||
Fair Value | Valuation Technique(s) | Unobservable Input | Range | |||||||||||||||||||||||||
(Weighted Average) | ||||||||||||||||||||||||||||
Impaired loans | $ | 4,930 | Appraised value, as adjusted | Broker quotes and management's knowledge of industry and collateral. | N/A | |||||||||||||||||||||||
Real estate and other repossessed assets | 271 | Listing value, less cost to sell | Marketability adjustments off appraised value | 71%-81% (76%)1 | ||||||||||||||||||||||||
1 | Marketability adjustments include consideration of estimated costs to sell, which is approximately 15% of fair value. | |||||||||||||||||||||||||||
Fair Value of Financial Instruments [Table Text Block] | ' | |||||||||||||||||||||||||||
The following table presents the carrying values and estimated fair values of all financial instruments, including those financial assets and liabilities that are not measured and reported at fair value on a recurring basis or non-recurring basis as of June 30, 2014 (dollars in thousands): | ||||||||||||||||||||||||||||
Carrying | Range of | Average | Discount | Estimated | ||||||||||||||||||||||||
Value | Contractual | Re-pricing | Rate | Fair | ||||||||||||||||||||||||
Yields | (in years) | Value | ||||||||||||||||||||||||||
Cash and due from banks | $ | 615,479 | $ | 615,479 | ||||||||||||||||||||||||
Interest-bearing cash and cash equivalents | 732,395 | 732,395 | ||||||||||||||||||||||||||
Trading securities: | ||||||||||||||||||||||||||||
U.S. Government agency debentures | 19,027 | 19,027 | ||||||||||||||||||||||||||
U.S. agency residential mortgage-backed securities | 13,540 | 13,540 | ||||||||||||||||||||||||||
Municipal and other tax-exempt securities | 32,950 | 32,950 | ||||||||||||||||||||||||||
Other trading securities | 35,580 | 35,580 | ||||||||||||||||||||||||||
Total trading securities | 101,097 | 101,097 | ||||||||||||||||||||||||||
Investment securities: | ||||||||||||||||||||||||||||
Municipal and other tax-exempt | 425,221 | 429,051 | ||||||||||||||||||||||||||
U.S. agency residential mortgage-backed securities | 41,973 | 44,176 | ||||||||||||||||||||||||||
Other debt securities | 182,743 | 197,584 | ||||||||||||||||||||||||||
Total investment securities | 649,937 | 670,811 | ||||||||||||||||||||||||||
Available for sale securities: | ||||||||||||||||||||||||||||
U.S. Treasury | 1,024 | 1,024 | ||||||||||||||||||||||||||
Municipal and other tax-exempt | 64,970 | 64,970 | ||||||||||||||||||||||||||
U.S. agency residential mortgage-backed securities | 7,259,504 | 7,259,504 | ||||||||||||||||||||||||||
Privately issued residential mortgage-backed securities | 179,042 | 179,042 | ||||||||||||||||||||||||||
Commercial mortgage-backed securities guaranteed by U.S. government agencies | 2,115,295 | 2,115,295 | ||||||||||||||||||||||||||
Other debt securities | 34,528 | 34,528 | ||||||||||||||||||||||||||
Perpetual preferred stock | 24,730 | 24,730 | ||||||||||||||||||||||||||
Equity securities and mutual funds | 20,053 | 20,053 | ||||||||||||||||||||||||||
Total available for sale securities | 9,699,146 | 9,699,146 | ||||||||||||||||||||||||||
Fair value option securities: | ||||||||||||||||||||||||||||
U.S. agency residential mortgage-backed securities | 181,205 | 181,205 | ||||||||||||||||||||||||||
Other securities | 4,469 | 4,469 | ||||||||||||||||||||||||||
Total fair value option securities | 185,674 | 185,674 | ||||||||||||||||||||||||||
Residential mortgage loans held for sale | 325,875 | 325,875 | ||||||||||||||||||||||||||
Loans: | ||||||||||||||||||||||||||||
Commercial | 8,367,661 | 0.16% - 30.00% | 0.67 | 0.55% - 4.28% | 8,244,031 | |||||||||||||||||||||||
Commercial real estate | 2,654,978 | 0.38% - 18.00% | 0.83 | 1.14% - 3.59% | 2,635,903 | |||||||||||||||||||||||
Residential mortgage | 2,008,215 | 1.20% - 18.00% | 2.49 | 0.55% - 4.18% | 2,043,551 | |||||||||||||||||||||||
Consumer | 396,004 | 0.38% - 21.00% | 0.49 | 1.07% - 3.79% | 39,038 | |||||||||||||||||||||||
Total loans | 13,426,858 | 12,962,523 | ||||||||||||||||||||||||||
Allowance for loan losses | (190,690 | ) | — | |||||||||||||||||||||||||
Loans, net of allowance | 13,236,168 | 12,962,523 | ||||||||||||||||||||||||||
Mortgage servicing rights | 155,740 | 155,740 | ||||||||||||||||||||||||||
Derivative instruments with positive fair value, net of cash margin | 357,680 | 357,680 | ||||||||||||||||||||||||||
Other assets – private equity funds | 27,834 | 27,834 | ||||||||||||||||||||||||||
Deposits with no stated maturity | 17,956,038 | 17,956,038 | ||||||||||||||||||||||||||
Time deposits | 2,615,826 | 0.03% - 9.64% | 2.07 | 0.74% - 1.29% | 2,623,086 | |||||||||||||||||||||||
Other borrowed funds | 3,009,610 | 0.25% - 6.80% | — | 0.09% - 2.62% | 2,984,331 | |||||||||||||||||||||||
Subordinated debentures | 347,890 | 0.91% - 5.00% | 2.16 | 2.2 | % | 344,717 | ||||||||||||||||||||||
Derivative instruments with negative fair value, net of cash margin | 297,851 | 297,851 | ||||||||||||||||||||||||||
The following table presents the carrying values and estimated fair values of all financial instruments, including those financial assets and liabilities that are not measured and reported at fair value on a recurring basis or non-recurring basis as of December 31, 2013 (dollars in thousands): | ||||||||||||||||||||||||||||
Carrying | Range of | Average | Discount | Estimated | ||||||||||||||||||||||||
Value | Contractual | Re-pricing | Rate | Fair | ||||||||||||||||||||||||
Yields | (in years) | Value | ||||||||||||||||||||||||||
Cash and due from banks | $ | 512,931 | $ | 512,931 | ||||||||||||||||||||||||
Interest-bearing cash and cash equivalents | 574,282 | 574,282 | ||||||||||||||||||||||||||
Trading securities: | ||||||||||||||||||||||||||||
U.S. Government agency debentures | 34,120 | 34,120 | ||||||||||||||||||||||||||
U.S. agency residential mortgage-backed securities | 21,011 | 21,011 | ||||||||||||||||||||||||||
Municipal and other tax-exempt securities | 27,350 | 27,350 | ||||||||||||||||||||||||||
Other trading securities | 9,135 | 9,135 | ||||||||||||||||||||||||||
Total trading securities | 91,616 | 91,616 | ||||||||||||||||||||||||||
Investment securities: | ||||||||||||||||||||||||||||
Municipal and other tax-exempt | 440,187 | 439,870 | ||||||||||||||||||||||||||
U.S. agency residential mortgage-backed securities | 50,182 | 51,864 | ||||||||||||||||||||||||||
Other debt securities | 187,509 | 195,393 | ||||||||||||||||||||||||||
Total investment securities | 677,878 | 687,127 | ||||||||||||||||||||||||||
Available for sale securities: | ||||||||||||||||||||||||||||
U.S. Treasury | 1,042 | 1,042 | ||||||||||||||||||||||||||
Municipal and other tax-exempt | 73,775 | 73,775 | ||||||||||||||||||||||||||
U.S. agency residential mortgage-backed securities | 7,716,010 | 7,716,010 | ||||||||||||||||||||||||||
Privately issued residential mortgage-backed securities | 221,099 | 221,099 | ||||||||||||||||||||||||||
Commercial mortgage-backed securities guaranteed by U.S. government agencies | 2,055,804 | 2,055,804 | ||||||||||||||||||||||||||
Other debt securities | 35,241 | 35,241 | ||||||||||||||||||||||||||
Perpetual preferred stock | 22,863 | 22,863 | ||||||||||||||||||||||||||
Equity securities and mutual funds | 21,328 | 21,328 | ||||||||||||||||||||||||||
Total available for sale securities | 10,147,162 | 10,147,162 | ||||||||||||||||||||||||||
Fair value option securities: | ||||||||||||||||||||||||||||
U.S. agency residential mortgage-backed securities | 157,431 | 157,431 | ||||||||||||||||||||||||||
Other securities | 9,694 | 9,694 | ||||||||||||||||||||||||||
Total fair value option securities | 167,125 | 167,125 | ||||||||||||||||||||||||||
Residential mortgage loans held for sale | 200,546 | 200,546 | ||||||||||||||||||||||||||
Loans: | ||||||||||||||||||||||||||||
Commercial | 7,943,221 | 0.04% - 30.00% | 0.49 | 0.48% - 4.33% | 7,835,325 | |||||||||||||||||||||||
Commercial real estate | 2,415,353 | 0.38% - 18.00% | 0.78 | 1.21% - 3.49% | 2,394,443 | |||||||||||||||||||||||
Residential mortgage | 2,052,026 | 0.38% - 18.00% | 2.63 | 0.59% - 4.73% | 2,068,690 | |||||||||||||||||||||||
Consumer | 381,664 | 0.38% - 21.00% | 0.55 | 1.22% - 3.75% | 375,962 | |||||||||||||||||||||||
Total loans | 12,792,264 | 12,674,420 | ||||||||||||||||||||||||||
Allowance for loan losses | (185,396 | ) | — | |||||||||||||||||||||||||
Loans, net of allowance | 12,606,868 | 12,674,420 | ||||||||||||||||||||||||||
Mortgage servicing rights | 153,333 | 153,333 | ||||||||||||||||||||||||||
Derivative instruments with positive fair value, net of cash margin | 265,012 | 265,012 | ||||||||||||||||||||||||||
Other assets – private equity funds | 27,341 | 27,341 | ||||||||||||||||||||||||||
Deposits with no stated maturity | 17,573,334 | 17,573,334 | ||||||||||||||||||||||||||
Time deposits | 2,695,993 | 0.01% - 9.64% | 2.12 | 0.75% - 1.33% | 2,697,290 | |||||||||||||||||||||||
Other borrowed funds | 2,721,888 | 0.25% - 4.78% | 0.03 | 0.08% - 2.64% | 2,693,788 | |||||||||||||||||||||||
Subordinated debentures | 347,802 | 0.95% - 5.00% | 2.63 | 2.22 | % | 344,783 | ||||||||||||||||||||||
Derivative instruments with negative fair value, net of cash margin | 247,185 | 247,185 | ||||||||||||||||||||||||||
The following table presents the carrying values and estimated fair values of all financial instruments, including those financial assets and liabilities that are not measured and reported at fair value on a recurring basis or non-recurring basis as of June 30, 2013 (dollars in thousands): | ||||||||||||||||||||||||||||
Carrying | Range of | Average | Discount | Estimated | ||||||||||||||||||||||||
Value | Contractual | Re-pricing | Rate | Fair | ||||||||||||||||||||||||
Yields | (in years) | Value | ||||||||||||||||||||||||||
Cash and due from banks | $ | 507,551 | $ | 507,551 | ||||||||||||||||||||||||
Interest-bearing cash and cash equivalents | 570,836 | 570,836 | ||||||||||||||||||||||||||
Trading securities: | ||||||||||||||||||||||||||||
U.S. Government agency debentures | 60,713 | 60,713 | ||||||||||||||||||||||||||
U.S. agency residential mortgage-backed securities | 43,858 | 43,858 | ||||||||||||||||||||||||||
Municipal and other tax-exempt securities | 53,819 | 53,819 | ||||||||||||||||||||||||||
Other trading securities | 32,201 | 32,201 | ||||||||||||||||||||||||||
Total trading securities | 190,591 | 190,591 | ||||||||||||||||||||||||||
Investment securities: | ||||||||||||||||||||||||||||
Municipal and other tax-exempt | 375,317 | 371,690 | ||||||||||||||||||||||||||
U.S. agency residential mortgage-backed securities | 64,172 | 66,796 | ||||||||||||||||||||||||||
Other debt securities | 176,301 | 187,219 | ||||||||||||||||||||||||||
Total investment securities | 615,790 | 625,705 | ||||||||||||||||||||||||||
Available for sale securities: | ||||||||||||||||||||||||||||
U.S. Treasury | 1,060 | 1,060 | ||||||||||||||||||||||||||
Municipal and other tax-exempt | 95,103 | 95,103 | ||||||||||||||||||||||||||
U.S. agency residential mortgage-backed securities | 8,372,795 | 8,372,795 | ||||||||||||||||||||||||||
Privately issued residential mortgage-backed securities | 297,175 | 297,175 | ||||||||||||||||||||||||||
Commercial mortgage-backed securities guaranteed by U.S. government agencies | 1,846,943 | 1,846,943 | ||||||||||||||||||||||||||
Other debt securities | 35,894 | 35,894 | ||||||||||||||||||||||||||
Perpetual preferred stock | 25,583 | 25,583 | ||||||||||||||||||||||||||
Equity securities and mutual funds | 23,521 | 23,521 | ||||||||||||||||||||||||||
Total available for sale securities | 10,698,074 | 10,698,074 | ||||||||||||||||||||||||||
Fair value option securities: | ||||||||||||||||||||||||||||
U.S. agency residential mortgage-backed securities | 203,816 | 203,816 | ||||||||||||||||||||||||||
Other securities | 1,940 | 1,940 | ||||||||||||||||||||||||||
Total fair value option securities | 205,756 | 205,756 | ||||||||||||||||||||||||||
Residential mortgage loans held for sale | 301,057 | 301,057 | ||||||||||||||||||||||||||
Loans: | ||||||||||||||||||||||||||||
Commercial | 7,708,120 | 0.25% - 30.00% | 0.63 | 0.59% - 4.19% | 7,638,327 | |||||||||||||||||||||||
Commercial real estate | 2,317,096 | 0.38% - 18.00% | 0.83 | 1.23% - 3.47% | 2,288,188 | |||||||||||||||||||||||
Residential mortgage | 2,039,785 | 0.38% - 18.00% | 3.64 | 0.70% - 4.46% | 2,038,375 | |||||||||||||||||||||||
Consumer | 375,781 | 0.38% - 21.00% | 0.35 | 1.26% - 3.74% | 369,375 | |||||||||||||||||||||||
Total loans | 12,440,782 | 12,334,265 | ||||||||||||||||||||||||||
Allowance for loan losses | (203,124 | ) | — | |||||||||||||||||||||||||
Loans, net of allowance | 12,237,658 | 12,334,265 | ||||||||||||||||||||||||||
Mortgage servicing rights | 132,889 | 132,889 | ||||||||||||||||||||||||||
Derivative instruments with positive fair value, net of cash margin | 546,206 | 546,206 | ||||||||||||||||||||||||||
Other assets – private equity funds | 28,379 | 28,379 | ||||||||||||||||||||||||||
Deposits with no stated maturity | 16,728,258 | 16,728,258 | ||||||||||||||||||||||||||
Time deposits | 2,767,972 | 0.03% - 9.64% | 2.02 | 0.76% - 1.30% | 2,781,202 | |||||||||||||||||||||||
Other borrowed funds | 4,073,915 | 0.25% - 5.25% | — | 0.07% - 2.66% | 4,034,685 | |||||||||||||||||||||||
Subordinated debentures | 347,716 | 0.97% - 5.00% | 3.1 | 2.24 | % | 345,201 | ||||||||||||||||||||||
Derivative instruments with negative fair value, net of cash margin | 521,991 | 521,991 | ||||||||||||||||||||||||||
Federal_and_State_Income_Taxes1
Federal and State Income Taxes (Tables) | 6 Months Ended | ||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||
Income Tax Disclosure [Abstract] | ' | ||||||||||||||||
Reconciliation of income (loss) to income tax expense | ' | ||||||||||||||||
Three Months Ended | Six Months Ended | ||||||||||||||||
June 30, | June 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Amount: | |||||||||||||||||
Federal statutory tax | $ | 39,886 | $ | 42,459 | $ | 79,976 | $ | 90,113 | |||||||||
Tax exempt revenue | (2,099 | ) | (1,803 | ) | (4,090 | ) | (3,545 | ) | |||||||||
Effect of state income taxes, net of federal benefit | 2,457 | 3,122 | 5,327 | 6,500 | |||||||||||||
Utilization of tax credits | (2,836 | ) | (1,826 | ) | (5,466 | ) | (3,548 | ) | |||||||||
Bank-owned life insurance | (784 | ) | (993 | ) | (1,552 | ) | (1,878 | ) | |||||||||
Charitable contributions to BOKF Foundation | — | — | (427 | ) | — | ||||||||||||
Other, net | 606 | 464 | 963 | 877 | |||||||||||||
Total | $ | 37,230 | $ | 41,423 | $ | 74,731 | $ | 88,519 | |||||||||
Three Months Ended | Six Months Ended | ||||||||||||||||
June 30, | June 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Percent of pretax income: | |||||||||||||||||
Federal statutory tax | 35 | % | 35 | % | 35 | % | 35 | % | |||||||||
Tax exempt revenue | (2 | ) | (1 | ) | (2 | ) | (1 | ) | |||||||||
Effect of state income taxes, net of federal benefit | 3 | 3 | 3 | 2 | |||||||||||||
Utilization of tax credits | (2 | ) | (2 | ) | (2 | ) | (1 | ) | |||||||||
Bank-owned life insurance | (1 | ) | (1 | ) | (1 | ) | (1 | ) | |||||||||
Charitable contributions to BOKF Foundation | — | — | — | — | |||||||||||||
Other, net | — | — | — | — | |||||||||||||
Total | 33 | % | 34 | % | 33 | % | 34 | % |
Significant_Accounting_Policie2
Significant Accounting Policies Loans and Allowance for Credit Losses (Details) | 6 Months Ended |
Jun. 30, 2014 | |
Loans and Allowance for Credit Losses [Abstract] | ' |
Loans, Number of Days Past Due for a Non-Risk Graded Loan to be Placed on Nonaccruing Status | '90 days |
Loans, Number of Days After Notification of Chapter 7 Bankruptcy Non-Risk Graded Loan is Placed on Nonaccruing Status | '60 days |
Loans and Allowances for Credit Losses, Minimum No of Days After Which Past Due Non-Risk Graded Loans Are Charged Off | '60 days |
Loans and Allowances for Credit Losses, Maximum No of Days After Which Past Due Non-Risk Graded Loans Are Charged Off | '180 days |
Loans, Number of Days After Notification of Chapter 7 Bankruptcy Non-Risk Graded Loan is Charged Off | '60 days |
Trading_Securities_Details
Trading Securities (Details) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 |
Schedule of Trading Securities [Line Items] | ' | ' | ' |
Trading Securities, Fair Value | $101,097,000 | $91,616,000 | $190,591,000 |
Trading Securities, Net Unrealized Gain (Loss) | 57,000 | 11,000 | -2,502,000 |
Trading Securities, Pledged as Collateral | 0 | 0 | 0 |
U.S. Government agency debentures [Member] | ' | ' | ' |
Schedule of Trading Securities [Line Items] | ' | ' | ' |
Trading Securities, Fair Value | 19,027,000 | 34,120,000 | 60,713,000 |
Trading Securities, Net Unrealized Gain (Loss) | 6,000 | 77,000 | -552,000 |
U.S. agency residential mortgage-backed securities [Member] | ' | ' | ' |
Schedule of Trading Securities [Line Items] | ' | ' | ' |
Trading Securities, Fair Value | 13,540,000 | 21,011,000 | 43,858,000 |
Trading Securities, Net Unrealized Gain (Loss) | 3,000 | 123,000 | 38,000 |
Municipal and other tax-exempt securities [Member] | ' | ' | ' |
Schedule of Trading Securities [Line Items] | ' | ' | ' |
Trading Securities, Fair Value | 32,950,000 | 27,350,000 | 53,819,000 |
Trading Securities, Net Unrealized Gain (Loss) | 28,000 | -182,000 | -1,271,000 |
Other trading securities [Member] | ' | ' | ' |
Schedule of Trading Securities [Line Items] | ' | ' | ' |
Trading Securities, Fair Value | 35,580,000 | 9,135,000 | 32,201,000 |
Trading Securities, Net Unrealized Gain (Loss) | $20,000 | ($7,000) | ($717,000) |
Investment_HeldtoMaturity_Secu
Investment (Held-to-Maturity) Securities (Details) (USD $) | 3 Months Ended | ||||||
Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Sep. 30, 2011 | ||||
Schedule of Investment (Held-to-Maturity) Securities [Line Items] | ' | ' | ' | ' | |||
Investment Securities, Amortized Cost | $648,843,000 | $676,047,000 | $612,770,000 | ' | |||
Investments Securities, Carrying Value | 649,937,000 | [1] | 677,878,000 | [2] | 615,790,000 | [3] | ' |
Investment securities, fair value | 670,811,000 | 687,127,000 | 625,705,000 | ' | |||
Investment Securities, Gross Unrealized Gain | 21,559,000 | [4] | 12,687,000 | [4] | 15,791,000 | [4] | ' |
Investment Securities, Gross Unrealized Loss | -685,000 | [4] | -3,438,000 | [4] | -5,876,000 | [4] | ' |
Investment Securities, Debt Maturities, Net Carrying Value [Abstract] | ' | ' | ' | ' | |||
Investment Securities, Debt Maturities, Net Carrying Value | 649,937,000 | [1] | 677,878,000 | [2] | 615,790,000 | [3] | ' |
Investment Securities, Debt Maturities, Fair Value, Rolling Maturity [Abstract] | ' | ' | ' | ' | |||
Investment Securities, Debt Maturities, Fair value | 670,811,000 | 687,127,000 | 625,705,000 | ' | |||
Investment Securities, Debt Maturities, Nominal Yield [Abstract] | ' | ' | ' | ' | |||
Investment Securities, Debt Maturities, Nominal Yield | 3.17% | ' | ' | ' | |||
Investment Securities, Pledged as Collateral [Abstract] | ' | ' | ' | ' | |||
Investment Securities, Pledged as Collateral, Carrying Value | 77,835,000 | 89,087,000 | 97,286,000 | ' | |||
Investment Securities, Pledged as Collateral, Fair Value | 81,248,000 | 91,804,000 | 100,644,000 | ' | |||
Investment Securities, Continuous Unrealized Loss Position, Qualitative Disclosure [Abstract] | ' | ' | ' | ' | |||
Investment Securities, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 72 | 139 | 163 | ' | |||
Investment Securities, Continuous Unrealized Loss Position, Fair Value [Abstract] | ' | ' | ' | ' | |||
Investment Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | 3,593,000 | 192,538,000 | 272,738,000 | ' | |||
Investment Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 105,767,000 | 53,850,000 | 0 | ' | |||
Investment Securities, Continuous Unrealized Loss Position, Fair Value | 109,360,000 | 246,388,000 | 272,738,000 | ' | |||
Investment Securities, Continuous Unrealized Loss Position, Aggregate Losses [Abstract] | ' | ' | ' | ' | |||
Investment Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 40,000 | 2,526,000 | 5,876,000 | ' | |||
Investment Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 645,000 | 912,000 | 0 | ' | |||
Investment Securities, Continuous Unrealized Loss Position, Accumulated Loss | 685,000 | 3,438,000 | 5,876,000 | ' | |||
Other than Temporary Impairment Losses, Investment Securities, Portion Recognized in Earnings, Net, Qualitative Disclosures, Lowest Current Credit Rating [Abstract] | ' | ' | ' | ' | |||
Investment Securities, Portfolio Concentration US Govt or GSE Securities Not Rated, Carrying Value | 41,973,000 | [5] | ' | ' | ' | ||
Investment Securities, Portfolio Concentration US Govt or GSE Securities Not Rated, Fair Value | 44,176,000 | [5] | ' | ' | ' | ||
Investment Securities, Portfolio Concentration Rated AAA to AA, Carrying Value | 431,851,000 | ' | ' | ' | |||
Investment Securities, Portfolio Concentration Rated AAA to AA, Fair Value | 447,315,000 | ' | ' | ' | |||
Investment Securities, Portfolio Concentration Rated A to BBB, Carrying Value | 16,497,000 | ' | ' | ' | |||
Investment Securities, Portfolio Concentration Rated A to BBB, Fair Value | 16,721,000 | ' | ' | ' | |||
Investment Securities, Portfolio Concentration Rated Below Investment Grade, Carrying Value | 0 | ' | ' | ' | |||
Investment Securities, Portfolio Concentration Rated Below Investment Grade, Fair Value | 0 | ' | ' | ' | |||
Investment Securities, Portfolio Concentration Not Rated, Carrying Value | 159,616,000 | ' | ' | ' | |||
Investment Securities, Portfolio Concentration Not Rated, Fair Value | 162,599,000 | ' | ' | ' | |||
Fixed Maturity Securities [Member] | ' | ' | ' | ' | |||
Schedule of Investment (Held-to-Maturity) Securities [Line Items] | ' | ' | ' | ' | |||
Investments Securities, Carrying Value | 607,964,000 | ' | ' | ' | |||
Investment securities, fair value | 626,635,000 | ' | ' | ' | |||
Investment Securities, Debt Maturities, Net Carrying Value [Abstract] | ' | ' | ' | ' | |||
Investment Securities, Debt Maturities, Less than One Year, Net Carrying Value | 49,815,000 | ' | ' | ' | |||
Investment Securities, Debt Maturities, One to Five Years, Net Carrying Value | 329,761,000 | ' | ' | ' | |||
Investment Securities, Debt Maturities, Six to Ten Years, Net Carrying Value | 99,904,000 | ' | ' | ' | |||
Investment Securities, Debt Maturities, Over Ten Years, Net Carrying Value | 128,484,000 | ' | ' | ' | |||
Investment Securities, Debt Maturities, Net Carrying Value | 607,964,000 | ' | ' | ' | |||
Investment Securities, Debt Maturities, Fair Value, Rolling Maturity [Abstract] | ' | ' | ' | ' | |||
Investment Securities, Debt Maturities, Less Than One Year, Fair Value | 50,045,000 | ' | ' | ' | |||
Investment Securities, Debt Maturities, One to Five Years, Fair Value | 332,282,000 | ' | ' | ' | |||
Investment Securities, Debt Maturities, Six to Ten Years, Fair Value | 102,780,000 | ' | ' | ' | |||
Investment Securities, Debt Maturities, Over Ten Years, Fair Value | 141,528,000 | ' | ' | ' | |||
Investment Securities, Debt Maturities, Fair value | 626,635,000 | ' | ' | ' | |||
Investment Securities, Debt Maturities, Nominal Yield [Abstract] | ' | ' | ' | ' | |||
Investment Securities, Debt Maturities, Less Than One Year, Nominal Yield | 2.39% | ' | ' | ' | |||
Investment Securities, Debt Maturities, One to Five Years, Nominal Yield | 2.01% | ' | ' | ' | |||
Investment Securities, Debt Maturities, Six to Ten Years, Nominal Yield | 3.94% | ' | ' | ' | |||
Investment Securities, Debt Maturities, Over Ten Years, Nominal Yield | 6.02% | ' | ' | ' | |||
Investment Securities, Debt Maturities, Nominal Yield | 3.20% | ' | ' | ' | |||
Investment Securities, Debt Maturities, Weighted Average Maturity | 5.39 | [6] | ' | ' | ' | ||
Municipal and other tax-exempt securities [Member] | ' | ' | ' | ' | |||
Schedule of Investment (Held-to-Maturity) Securities [Line Items] | ' | ' | ' | ' | |||
Investment Securities, Amortized Cost | 425,221,000 | 440,187,000 | 375,317,000 | ' | |||
Investments Securities, Carrying Value | 425,221,000 | [1] | 440,187,000 | [2] | 375,317,000 | [3] | ' |
Investment securities, fair value | 429,051,000 | 439,870,000 | 371,690,000 | ' | |||
Investment Securities, Gross Unrealized Gain | 4,442,000 | [4] | 2,452,000 | [4] | 2,189,000 | [4] | ' |
Investment Securities, Gross Unrealized Loss | -612,000 | [4] | -2,769,000 | [4] | -5,816,000 | [4] | ' |
Investment Securities, Debt Maturities, Net Carrying Value [Abstract] | ' | ' | ' | ' | |||
Investment Securities, Debt Maturities, Less than One Year, Net Carrying Value | 36,962,000 | ' | ' | ' | |||
Investment Securities, Debt Maturities, One to Five Years, Net Carrying Value | 296,908,000 | ' | ' | ' | |||
Investment Securities, Debt Maturities, Six to Ten Years, Net Carrying Value | 52,328,000 | ' | ' | ' | |||
Investment Securities, Debt Maturities, Over Ten Years, Net Carrying Value | 39,023,000 | ' | ' | ' | |||
Investment Securities, Debt Maturities, Net Carrying Value | 425,221,000 | [1] | 440,187,000 | [2] | 375,317,000 | [3] | ' |
Investment Securities, Debt Maturities, Fair Value, Rolling Maturity [Abstract] | ' | ' | ' | ' | |||
Investment Securities, Debt Maturities, Less Than One Year, Fair Value | 37,136,000 | ' | ' | ' | |||
Investment Securities, Debt Maturities, One to Five Years, Fair Value | 298,655,000 | ' | ' | ' | |||
Investment Securities, Debt Maturities, Six to Ten Years, Fair Value | 52,567,000 | ' | ' | ' | |||
Investment Securities, Debt Maturities, Over Ten Years, Fair Value | 40,693,000 | ' | ' | ' | |||
Investment Securities, Debt Maturities, Fair value | 429,051,000 | 439,870,000 | 371,690,000 | ' | |||
Investment Securities, Debt Maturities, Nominal Yield [Abstract] | ' | ' | ' | ' | |||
Investment Securities, Debt Maturities, Less Than One Year, Nominal Yield | 1.99% | [7] | ' | ' | ' | ||
Investment Securities, Debt Maturities, One to Five Years, Nominal Yield | 1.70% | [7] | ' | ' | ' | ||
Investment Securities, Debt Maturities, Six to Ten Years, Nominal Yield | 2.64% | [7] | ' | ' | ' | ||
Investment Securities, Debt Maturities, Over Ten Years, Nominal Yield | 5.35% | [7] | ' | ' | ' | ||
Investment Securities, Debt Maturities, Nominal Yield | 2.18% | [7] | ' | ' | ' | ||
Investment Securities, Debt Maturities, Weighted Average Maturity | 4.14 | [6] | ' | ' | ' | ||
Investment Securities,Debt Maturities, Effective tax rate for nominal yield calculation | 39.00% | ' | ' | ' | |||
Investment Securities, Continuous Unrealized Loss Position, Qualitative Disclosure [Abstract] | ' | ' | ' | ' | |||
Investment Securities, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 42 | 107 | 149 | ' | |||
Investment Securities, Continuous Unrealized Loss Position, Fair Value [Abstract] | ' | ' | ' | ' | |||
Investment Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | 0 | 166,382,000 | 271,897,000 | ' | |||
Investment Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 104,959,000 | 53,073,000 | 0 | ' | |||
Investment Securities, Continuous Unrealized Loss Position, Fair Value | 104,959,000 | 219,455,000 | 271,897,000 | ' | |||
Investment Securities, Continuous Unrealized Loss Position, Aggregate Losses [Abstract] | ' | ' | ' | ' | |||
Investment Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 0 | 1,921,000 | 5,816,000 | ' | |||
Investment Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 612,000 | 848,000 | 0 | ' | |||
Investment Securities, Continuous Unrealized Loss Position, Accumulated Loss | 612,000 | 2,769,000 | 5,816,000 | ' | |||
Other than Temporary Impairment Losses, Investment Securities, Portion Recognized in Earnings, Net, Qualitative Disclosures, Lowest Current Credit Rating [Abstract] | ' | ' | ' | ' | |||
Investment Securities, Portfolio Concentration US Govt or GSE Securities Not Rated, Carrying Value | 0 | [5] | ' | ' | ' | ||
Investment Securities, Portfolio Concentration US Govt or GSE Securities Not Rated, Fair Value | 0 | [5] | ' | ' | ' | ||
Investment Securities, Portfolio Concentration Rated AAA to AA, Carrying Value | 271,498,000 | ' | ' | ' | |||
Investment Securities, Portfolio Concentration Rated AAA to AA, Fair Value | 272,244,000 | ' | ' | ' | |||
Investment Securities, Portfolio Concentration Rated A to BBB, Carrying Value | 16,497,000 | ' | ' | ' | |||
Investment Securities, Portfolio Concentration Rated A to BBB, Fair Value | 16,721,000 | ' | ' | ' | |||
Investment Securities, Portfolio Concentration Rated Below Investment Grade, Carrying Value | 0 | ' | ' | ' | |||
Investment Securities, Portfolio Concentration Rated Below Investment Grade, Fair Value | 0 | ' | ' | ' | |||
Investment Securities, Portfolio Concentration Not Rated, Carrying Value | 137,226,000 | ' | ' | ' | |||
Investment Securities, Portfolio Concentration Not Rated, Fair Value | 140,086,000 | ' | ' | ' | |||
Other debt securities [Member] | ' | ' | ' | ' | |||
Schedule of Investment (Held-to-Maturity) Securities [Line Items] | ' | ' | ' | ' | |||
Investment Securities, Amortized Cost | 182,743,000 | 187,509,000 | 176,301,000 | ' | |||
Investments Securities, Carrying Value | 182,743,000 | [1] | 187,509,000 | [2] | 176,301,000 | [3] | ' |
Investment securities, fair value | 197,584,000 | 195,393,000 | 187,219,000 | ' | |||
Investment Securities, Gross Unrealized Gain | 14,914,000 | [4] | 8,497,000 | [4] | 10,978,000 | [4] | ' |
Investment Securities, Gross Unrealized Loss | -73,000 | [4] | -613,000 | [4] | -60,000 | [4] | ' |
Investment Securities, Debt Maturities, Net Carrying Value [Abstract] | ' | ' | ' | ' | |||
Investment Securities, Debt Maturities, Less than One Year, Net Carrying Value | 12,853,000 | ' | ' | ' | |||
Investment Securities, Debt Maturities, One to Five Years, Net Carrying Value | 32,853,000 | ' | ' | ' | |||
Investment Securities, Debt Maturities, Six to Ten Years, Net Carrying Value | 47,576,000 | ' | ' | ' | |||
Investment Securities, Debt Maturities, Over Ten Years, Net Carrying Value | 89,461,000 | ' | ' | ' | |||
Investment Securities, Debt Maturities, Net Carrying Value | 182,743,000 | [1] | 187,509,000 | [2] | 176,301,000 | [3] | ' |
Investment Securities, Debt Maturities, Fair Value, Rolling Maturity [Abstract] | ' | ' | ' | ' | |||
Investment Securities, Debt Maturities, Less Than One Year, Fair Value | 12,909,000 | ' | ' | ' | |||
Investment Securities, Debt Maturities, One to Five Years, Fair Value | 33,627,000 | ' | ' | ' | |||
Investment Securities, Debt Maturities, Six to Ten Years, Fair Value | 50,213,000 | ' | ' | ' | |||
Investment Securities, Debt Maturities, Over Ten Years, Fair Value | 100,835,000 | ' | ' | ' | |||
Investment Securities, Debt Maturities, Fair value | 197,584,000 | 195,393,000 | 187,219,000 | ' | |||
Investment Securities, Debt Maturities, Nominal Yield [Abstract] | ' | ' | ' | ' | |||
Investment Securities, Debt Maturities, Less Than One Year, Nominal Yield | 3.54% | ' | ' | ' | |||
Investment Securities, Debt Maturities, One to Five Years, Nominal Yield | 4.78% | ' | ' | ' | |||
Investment Securities, Debt Maturities, Six to Ten Years, Nominal Yield | 5.37% | ' | ' | ' | |||
Investment Securities, Debt Maturities, Over Ten Years, Nominal Yield | 6.32% | ' | ' | ' | |||
Investment Securities, Debt Maturities, Nominal Yield | 5.60% | ' | ' | ' | |||
Investment Securities, Debt Maturities, Weighted Average Maturity | 8.32 | [6] | ' | ' | ' | ||
Investment Securities, Continuous Unrealized Loss Position, Qualitative Disclosure [Abstract] | ' | ' | ' | ' | |||
Investment Securities, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 30 | 30 | 14 | ' | |||
Investment Securities, Continuous Unrealized Loss Position, Fair Value [Abstract] | ' | ' | ' | ' | |||
Investment Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | 3,593,000 | 10,932,000 | 841,000 | ' | |||
Investment Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 808,000 | 777,000 | 0 | ' | |||
Investment Securities, Continuous Unrealized Loss Position, Fair Value | 4,401,000 | 11,709,000 | 841,000 | ' | |||
Investment Securities, Continuous Unrealized Loss Position, Aggregate Losses [Abstract] | ' | ' | ' | ' | |||
Investment Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 40,000 | 549,000 | 60,000 | ' | |||
Investment Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 33,000 | 64,000 | 0 | ' | |||
Investment Securities, Continuous Unrealized Loss Position, Accumulated Loss | 73,000 | 613,000 | 60,000 | ' | |||
Other than Temporary Impairment Losses, Investment Securities, Portion Recognized in Earnings, Net, Qualitative Disclosures, Lowest Current Credit Rating [Abstract] | ' | ' | ' | ' | |||
Investment Securities, Portfolio Concentration US Govt or GSE Securities Not Rated, Carrying Value | 0 | [5] | ' | ' | ' | ||
Investment Securities, Portfolio Concentration US Govt or GSE Securities Not Rated, Fair Value | 0 | [5] | ' | ' | ' | ||
Investment Securities, Portfolio Concentration Rated AAA to AA, Carrying Value | 160,353,000 | ' | ' | ' | |||
Investment Securities, Portfolio Concentration Rated AAA to AA, Fair Value | 175,071,000 | ' | ' | ' | |||
Investment Securities, Portfolio Concentration Rated A to BBB, Carrying Value | 0 | ' | ' | ' | |||
Investment Securities, Portfolio Concentration Rated A to BBB, Fair Value | 0 | ' | ' | ' | |||
Investment Securities, Portfolio Concentration Rated Below Investment Grade, Carrying Value | 0 | ' | ' | ' | |||
Investment Securities, Portfolio Concentration Rated Below Investment Grade, Fair Value | 0 | ' | ' | ' | |||
Investment Securities, Portfolio Concentration Not Rated, Carrying Value | 22,390,000 | ' | ' | ' | |||
Investment Securities, Portfolio Concentration Not Rated, Fair Value | 22,513,000 | ' | ' | ' | |||
U.S. agency residential mortgage-backed securities [Member] | Other [Member] | ' | ' | ' | ' | |||
Schedule of Investment (Held-to-Maturity) Securities [Line Items] | ' | ' | ' | ' | |||
Investment Securities, Amortized Cost | 40,879,000 | 48,351,000 | 61,152,000 | ' | |||
Investments Securities, Carrying Value | 41,973,000 | [1] | 50,182,000 | [2] | 64,172,000 | [3] | ' |
Investment securities, fair value | 44,176,000 | 51,864,000 | 66,796,000 | ' | |||
Investment Securities, Gross Unrealized Gain | 2,203,000 | [4] | 1,738,000 | [4] | 2,624,000 | [4] | ' |
Investment Securities, Gross Unrealized Loss | 0 | [4] | -56,000 | [4] | 0 | [4] | ' |
Investments Securities, Transfers [Abstract] | ' | ' | ' | ' | |||
Investment Securities, Transferred From Available For Sale Securities Portfolio, Fair Value | ' | ' | ' | 131,000,000 | |||
Investment Securities, Transferred From Available For Sale Securities Portfolio, Amortized Cost | ' | ' | ' | 118,000,000 | |||
Investment Securities, Transferred From Available For Sale Securities Portfolio, Net Unrealized Gain | 1,100,000 | 1,800,000 | 3,000,000 | 13,000,000 | |||
Investment Securities, Debt Maturities, Net Carrying Value [Abstract] | ' | ' | ' | ' | |||
Investment Securities, Debt Maturities, Net Carrying Value | 41,973,000 | [1] | 50,182,000 | [2] | 64,172,000 | [3] | ' |
Investment Securities, Debt Maturities, Fair Value, Rolling Maturity [Abstract] | ' | ' | ' | ' | |||
Investment Securities, Debt Maturities, Fair value | 44,176,000 | 51,864,000 | 66,796,000 | ' | |||
Investment Securities, Debt Maturities, Nominal Yield [Abstract] | ' | ' | ' | ' | |||
Investment Securities, Debt Maturities, Nominal Yield | 2.74% | [8] | ' | ' | ' | ||
Investment Securities, Debt Maturities, Average Expected Life of Mortgage-backed Securities | '2 years 11 months | ' | ' | ' | |||
Investment Securities, Continuous Unrealized Loss Position, Qualitative Disclosure [Abstract] | ' | ' | ' | ' | |||
Investment Securities, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 0 | 2 | 0 | ' | |||
Investment Securities, Continuous Unrealized Loss Position, Fair Value [Abstract] | ' | ' | ' | ' | |||
Investment Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | 0 | 15,224,000 | 0 | ' | |||
Investment Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 0 | 0 | 0 | ' | |||
Investment Securities, Continuous Unrealized Loss Position, Fair Value | 0 | 15,224,000 | 0 | ' | |||
Investment Securities, Continuous Unrealized Loss Position, Aggregate Losses [Abstract] | ' | ' | ' | ' | |||
Investment Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 0 | 56,000 | 0 | ' | |||
Investment Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 0 | 0 | 0 | ' | |||
Investment Securities, Continuous Unrealized Loss Position, Accumulated Loss | 0 | 56,000 | 0 | ' | |||
Other than Temporary Impairment Losses, Investment Securities, Portion Recognized in Earnings, Net, Qualitative Disclosures, Lowest Current Credit Rating [Abstract] | ' | ' | ' | ' | |||
Investment Securities, Portfolio Concentration US Govt or GSE Securities Not Rated, Carrying Value | 41,973,000 | [5] | ' | ' | ' | ||
Investment Securities, Portfolio Concentration US Govt or GSE Securities Not Rated, Fair Value | 44,176,000 | [5] | ' | ' | ' | ||
Investment Securities, Portfolio Concentration Rated AAA to AA, Carrying Value | 0 | ' | ' | ' | |||
Investment Securities, Portfolio Concentration Rated AAA to AA, Fair Value | 0 | ' | ' | ' | |||
Investment Securities, Portfolio Concentration Rated A to BBB, Carrying Value | 0 | ' | ' | ' | |||
Investment Securities, Portfolio Concentration Rated A to BBB, Fair Value | 0 | ' | ' | ' | |||
Investment Securities, Portfolio Concentration Rated Below Investment Grade, Carrying Value | 0 | ' | ' | ' | |||
Investment Securities, Portfolio Concentration Rated Below Investment Grade, Fair Value | 0 | ' | ' | ' | |||
Investment Securities, Portfolio Concentration Not Rated, Carrying Value | 0 | ' | ' | ' | |||
Investment Securities, Portfolio Concentration Not Rated, Fair Value | $0 | ' | ' | ' | |||
[1] | Carrying value includes $1.1 million of net unrealized gain which remains in Accumulated other comprehensive income (“AOCIâ€) in the Consolidated Balance Sheets related to certain securities transferred from the Available for Sale securities portfolio to the Investment securities portfolio as discussed in greater detail following. | ||||||
[2] | Carrying value includes $1.8 million of net unrealized gain which remains in Accumulated other comprehensive income (“AOCIâ€) in the Consolidated Balance Sheets related to certain securities transferred from the Available for Sale securities portfolio to the Investment securities portfolio as discussed in greater detail following. | ||||||
[3] | Carrying value includes $3.0 million of net unrealized gain which remains in Accumulated other comprehensive income (“AOCIâ€) in the Consolidated Balance Sheets related to certain securities transferred from the Available for Sale securities portfolio to the Investment securities portfolio as discussed in greater detail following. | ||||||
[4] | Gross unrealized gains and losses are not recognized in AOCI in the Consolidated Balance Sheets. | ||||||
[5] | U.S. government and government sponsored enterprises are not rated by the nationally-recognized rating agencies as these securities are guaranteed by agencies of the U.S. government or government-sponsored enterprises. | ||||||
[6] | Expected maturities may differ from contractual maturities, because borrowers may have the right to call or prepay obligations with or without penalty. | ||||||
[7] | Calculated on a taxable equivalent basis using a 39% effective tax rate. | ||||||
[8] | The nominal yield on residential mortgage-backed securities is based upon prepayment assumptions at the purchase date. Actual yields earned may differ significantly based upon actual prepayments. See Quarterly Financial Summary - Unaudited for current yields on the investment securities portfolio. |
Available_for_Sale_Securities_
Available for Sale Securities (Details) (USD $) | 3 Months Ended | 6 Months Ended | 3 Months Ended | 3 Months Ended | 3 Months Ended | 66 Months Ended | 3 Months Ended | 66 Months Ended | 3 Months Ended | 66 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2013 | Jun. 30, 2014 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fixed Maturity Securities [Member] | U.S. Treasury [Member] | U.S. Treasury [Member] | U.S. Treasury [Member] | Municipal and other tax-exempt securities [Member] | Municipal and other tax-exempt securities [Member] | Municipal and other tax-exempt securities [Member] | Commercial mortgage-backed securities guaranteed by U.S. government agencies [Member] | Commercial mortgage-backed securities guaranteed by U.S. government agencies [Member] | Commercial mortgage-backed securities guaranteed by U.S. government agencies [Member] | Other debt securities [Member] | Other debt securities [Member] | Other debt securities [Member] | Residential Mortgage Backed Securities [Member] | Residential Mortgage Backed Securities [Member] | Residential Mortgage Backed Securities [Member] | U.S. agency residential mortgage-backed securities [Member] | U.S. agency residential mortgage-backed securities [Member] | U.S. agency residential mortgage-backed securities [Member] | U.S. agency residential mortgage-backed securities [Member] | U.S. agency residential mortgage-backed securities [Member] | U.S. agency residential mortgage-backed securities [Member] | U.S. agency residential mortgage-backed securities [Member] | U.S. agency residential mortgage-backed securities [Member] | U.S. agency residential mortgage-backed securities [Member] | U.S. agency residential mortgage-backed securities [Member] | U.S. agency residential mortgage-backed securities [Member] | U.S. agency residential mortgage-backed securities [Member] | U.S. agency residential mortgage-backed securities [Member] | U.S. agency residential mortgage-backed securities [Member] | U.S. agency residential mortgage-backed securities [Member] | Privately issued residential mortgage-backed securities [Member] | Privately issued residential mortgage-backed securities [Member] | Privately issued residential mortgage-backed securities [Member] | Privately issued residential mortgage-backed securities [Member] | Privately issued residential mortgage-backed securities [Member] | Privately issued residential mortgage-backed securities [Member] | Privately issued residential mortgage-backed securities [Member] | Privately issued residential mortgage-backed securities [Member] | Privately issued residential mortgage-backed securities [Member] | Privately issued residential mortgage-backed securities [Member] | Privately issued residential mortgage-backed securities [Member] | Privately issued residential mortgage-backed securities [Member] | Perpetual Preferred, Equity Securities and Mutual Funds [Member] | Perpetual preferred stock [Member] | Perpetual preferred stock [Member] | Perpetual preferred stock [Member] | Equity securities and mutual funds [Member] | Equity securities and mutual funds [Member] | Equity securities and mutual funds [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Federal National Mortgage Association Certificates and Obligations (FNMA) [Member] | Federal National Mortgage Association Certificates and Obligations (FNMA) [Member] | Federal National Mortgage Association Certificates and Obligations (FNMA) [Member] | Federal Home Loan Mortgage Corporation Certificates and Obligations (FHLMC) [Member] | Federal Home Loan Mortgage Corporation Certificates and Obligations (FHLMC) [Member] | Federal Home Loan Mortgage Corporation Certificates and Obligations (FHLMC) [Member] | Government National Mortgage Association Certificates and Obligations (GNMA) [Member] | Government National Mortgage Association Certificates and Obligations (GNMA) [Member] | Government National Mortgage Association Certificates and Obligations (GNMA) [Member] | Other [Member] | Other [Member] | Other [Member] | Alt-A [Member] | Alt-A [Member] | Alt-A [Member] | Alt-A [Member] | Jumbo-A Loans [Member] | Jumbo-A Loans [Member] | Jumbo-A Loans [Member] | Jumbo-A Loans [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Available-for-sale Securities, Amortized Cost Basis | $9,613,666 | $10,655,841 | $9,613,666 | $10,655,841 | $10,185,091 | $2,228,976 | $1,023 | $1,042 | $1,061 | $63,931 | $73,232 | $95,974 | $2,129,521 | $2,100,146 | $1,885,585 | $34,501 | $35,061 | $35,622 | $7,343,012 | $7,934,370 | $8,595,437 | $7,174,193 | $7,720,189 | $8,303,052 | $4,297,579 | $4,224,327 | $4,648,337 | $2,055,924 | $2,308,341 | $2,695,506 | $815,201 | $1,151,225 | $916,646 | $5,489 | $36,296 | $42,563 | $168,819 | $214,181 | $292,385 | $168,819 | $70,880 | $70,880 | $104,559 | $113,804 | $97,939 | $97,939 | $109,622 | $178,581 | $41,678 | $22,171 | $22,171 | $22,172 | $19,507 | $19,069 | $19,990 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Available-for-sale Securities, Fair Value | 9,699,146 | 10,698,074 | 9,699,146 | 10,698,074 | 10,147,162 | 2,215,817 | 1,024 | 1,042 | 1,060 | 64,970 | 73,775 | 95,103 | 2,115,295 | 2,055,804 | 1,846,943 | 34,528 | 35,241 | 35,894 | 7,438,546 | 7,937,109 | 8,669,970 | 7,259,504 | 7,716,010 | 8,372,795 | 4,364,168 | 4,232,332 | 4,687,141 | 2,068,940 | 2,293,943 | 2,715,896 | 820,454 | 1,152,128 | 925,081 | 5,942 | 37,607 | 44,677 | 179,042 | 221,099 | 297,175 | 179,042 | 75,700 | 75,700 | 107,212 | 115,036 | 103,342 | 103,342 | 113,887 | 182,139 | 44,783 | 24,730 | 22,863 | 25,583 | 20,053 | 21,328 | 23,521 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Available-for-sale Securities, Gross Unrealized Gain | 140,165 | [1] | 141,240 | [1] | 140,165 | [1] | 141,240 | [1] | 120,120 | [1] | ' | 1 | [1] | 0 | [1] | 0 | [1] | 1,624 | [1] | 1,606 | [1] | 1,653 | [1] | 5,539 | [1] | 1,042 | [1] | 343 | [1] | 195 | [1] | 368 | [1] | 479 | [1] | 129,467 | [1] | 114,073 | [1] | 131,590 | [1] | 118,758 | [1] | 104,713 | [1] | 124,556 | [1] | 82,436 | [1] | 68,154 | [1] | 78,285 | [1] | 27,019 | [1] | 25,813 | [1] | 32,994 | [1] | 8,850 | [1] | 9,435 | [1] | 11,163 | [1] | 453 | [1] | 1,311 | [1] | 2,114 | [1] | 10,709 | [1] | 9,360 | [1] | 7,034 | [1] | 10,709 | [1] | 4,820 | [1] | 4,820 | [1] | 4,386 | [1] | 2,905 | [1] | 5,889 | [1] | 5,889 | [1] | 4,974 | [1] | 4,129 | [1] | ' | 2,559 | [1] | 705 | [1] | 3,439 | [1] | 780 | [1] | 2,326 | [1] | 3,736 | [1] | |
Available-for-sale Securities, Gross Unrealized Loss | -54,199 | [1] | -96,383 | [1] | -54,199 | [1] | -96,383 | [1] | -155,607 | [1] | ' | 0 | [1] | 0 | [1] | -1 | [1] | -585 | [1] | -1,063 | [1] | -1,870 | [1] | -19,765 | [1] | -45,384 | [1] | -38,985 | [1] | -168 | [1] | -188 | [1] | -207 | [1] | -33,447 | [1] | -108,892 | [1] | -55,087 | [1] | -33,447 | [1] | -108,892 | [1] | -54,813 | [1] | -15,847 | [1] | -60,149 | [1] | -39,481 | [1] | -14,003 | [1] | -40,211 | [1] | -12,604 | [1] | -3,597 | [1] | -8,532 | [1] | -2,728 | [1] | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] | -274 | [1] | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] | -274 | [1] | ' | 0 | [1] | -13 | [1] | -28 | [1] | -234 | [1] | -67 | [1] | -205 | [1] | |
Available-for-Sale Securities, Other Than Temporary Impairments | -486 | [2] | -2,624 | [2] | -486 | [2] | -2,624 | [2] | -2,442 | [2] | ' | 0 | [2] | 0 | [2] | 0 | [2] | 0 | [2] | 0 | [2] | -654 | [2] | 0 | [2] | 0 | [2] | 0 | [2] | 0 | [2] | 0 | [2] | 0 | [2] | -486 | [2] | -2,442 | [2] | -1,970 | [2] | 0 | [2] | 0 | [2] | 0 | [2] | 0 | [2] | 0 | [2] | 0 | [2] | 0 | [2] | 0 | [2] | 0 | [2] | 0 | [2] | 0 | [2] | 0 | [2] | 0 | [2] | 0 | [2] | 0 | [2] | -486 | [2] | -2,442 | [2] | -1,970 | [2] | -486 | [2] | 0 | [2] | 0 | [2] | -1,733 | [2] | -1,673 | [2] | -486 | [2] | -486 | [2] | -709 | [2] | -297 | [2] | ' | 0 | [2] | 0 | [2] | 0 | [2] | 0 | [2] | 0 | [2] | 0 | [2] | |
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Rolling Maturity [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Available-for-sale Securities, Debt Maturities, Less than One Year, Amortized Cost Basis | ' | ' | ' | ' | ' | 34,528 | 1,023 | ' | ' | 3,404 | ' | ' | 0 | ' | ' | 30,101 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Available-for-sale Securities, Debt Maturities, One to Five Years, Amortized Cost Basis | ' | ' | ' | ' | ' | 660,293 | 0 | ' | ' | 33,797 | ' | ' | 626,496 | ' | ' | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Available-for-sale Securities, Debt Maturities, Six To Ten Years, Amortized Cost Basis | ' | ' | ' | ' | ' | 1,159,043 | 0 | ' | ' | 2,778 | ' | ' | 1,156,265 | ' | ' | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Available-for-sale Securities, Debt Maturities, Over Ten Years, Amortized Cost Basis | ' | ' | ' | ' | ' | 375,112 | 0 | ' | ' | 23,952 | ' | ' | 346,760 | ' | ' | 4,400 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Available-for-sale Securities, Debt Maturities, Fair Value, Rolling Maturity [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Available-for-sale Securities, Debt Maturities, Less than One Year, Fair Value | ' | ' | ' | ' | ' | 34,753 | 1,024 | ' | ' | 3,432 | ' | ' | 0 | ' | ' | 30,297 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Available-for-sale Securities, Debt Maturities, One to Five Years, Fair Value | ' | ' | ' | ' | ' | 659,973 | 0 | ' | ' | 35,004 | ' | ' | 624,969 | ' | ' | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Available-for-sale Securities, Debt Maturities, Six to Ten Years, Fair Value | ' | ' | ' | ' | ' | 1,149,964 | 0 | ' | ' | 3,032 | ' | ' | 1,146,932 | ' | ' | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Available-for-sale Securities, Debt Maturities, Over Ten Years, Fair Value | ' | ' | ' | ' | ' | 371,127 | 0 | ' | ' | 23,502 | ' | ' | 343,394 | ' | ' | 4,231 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Available-for-sale Securities, Debt Maturities, Nominal Yield [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Available-for-sale Securities, Debt Maturities, Less than One Year, Nominal Yield | ' | ' | ' | ' | ' | 1.97% | 0.24% | ' | ' | 3.96% | [3] | ' | ' | 0.00% | ' | ' | 1.80% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Available-for-sale Securities, Debt Maturities, One to Five Years, Nominal Yield | ' | ' | ' | ' | ' | 1.44% | 0.00% | ' | ' | 4.00% | [3] | ' | ' | 1.30% | ' | ' | 0.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Available-for-sale Securities, Debt Maturities, Six To Ten Years, Nominal Yield | ' | ' | ' | ' | ' | 1.64% | 0.00% | ' | ' | 6.25% | [3] | ' | ' | 1.63% | ' | ' | 0.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Available-for-sale Securities, Debt Maturities, Over Ten Years, Nominal Yield | ' | ' | ' | ' | ' | 1.32% | 0.00% | ' | ' | 1.92% | [3],[4] | ' | ' | 1.27% | ' | ' | 1.71% | [4] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Available-for-sale Securities, Debt Maturities, Nominal Yield | 1.79% | ' | 1.79% | ' | ' | 1.53% | 0.24% | ' | ' | 3.32% | [3] | ' | ' | 1.47% | ' | ' | 1.79% | ' | ' | 1.87% | [5] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.26% | ' | ' | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Available-for-sale Securities, Debt Maturities, Weighted Average Maturity | ' | ' | ' | ' | ' | 8.77 | [6] | 0.63 | [6] | ' | ' | 8.67 | [6] | ' | ' | 8.84 | [6] | ' | ' | 4.64 | [6] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||
Available-for-sale Securities, Debt Maturities, Effective tax rate for nominal yield calculation | ' | ' | ' | ' | ' | ' | ' | ' | ' | 39.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Available-for-sale Securities, Debt Maturities, Average Expected Life of Mortgage-backed Securities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '3 years 6 months | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Available-for-sale Securities, Debt Maturities, Number of days for interest rates to reset | ' | ' | ' | ' | ' | ' | ' | ' | ' | '35 days | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Available-for-sale Securities, Gross Realized Gain (Loss), Disclosures [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Available-for-sale Securities, Proceeds | 800,405 | 1,083,001 | 1,331,190 | 1,784,881 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Available-for-sale Securities, Gross realized gains | 9,894 | 9,992 | 16,327 | 15,784 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Available-for-sale Securities, Gross realized losses | -9,890 | -6,239 | -15,083 | -7,176 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Available-for-sale Securities, Related federal and state income tax expense | 2 | 1,460 | 484 | 3,349 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Available-for-sale Securities, Pledged as Collateral [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Available-for-sale Securities, Pledged As Collateral, Amortized cost | 5,556,130 | 5,078,098 | 5,556,130 | 5,078,098 | 5,171,782 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Available-for-sale Securities, Pledged As Collateral, Fair value | 5,583,008 | 5,103,507 | 5,583,008 | 5,103,507 | 5,133,530 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Available-for-sale Securities, Continuous Unrealized Loss Position, Qualitative Disclosure [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 289 | 347 | 289 | 347 | 446 | ' | ' | ' | 1 | 23 | 27 | 86 | [7] | 96 | 123 | 113 | 2 | 3 | 4 | 88 | 174 | 135 | 77 | 158 | 123 | 33 | 81 | 72 | 37 | 50 | 38 | 7 | 27 | 13 | ' | ' | ' | 11 | [8] | 16 | [9] | 12 | [7] | 11 | [8] | 0 | [8] | 0 | [8] | 7 | [9] | 10 | [7] | 11 | [8] | 11 | [8] | 9 | [9] | 2 | [7] | ' | 0 | 1 | 1 | 80 | 118 | 7 | |||||||||||||||||||||||||||||||||||||||||
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, OTTI Portion, Number of Positions | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 21 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 7 | 10 | 11 | 11 | 9 | 2 | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | 473,163 | 5,476,851 | 473,163 | 5,476,851 | 6,230,595 | ' | ' | ' | 1,060 | 571 | 13,286 | 66,168 | [7] | 114,048 | 1,800,717 | 1,730,306 | 0 | 4,712 | 5,193 | 353,246 | 4,404,822 | 3,665,593 | 333,270 | 4,379,137 | 3,596,297 | 0 | 2,281,491 | 2,196,603 | 255,401 | 1,450,588 | 1,202,545 | 77,869 | 647,058 | 197,149 | ' | ' | ' | 19,976 | [8] | 25,685 | [9] | 69,296 | [7] | 19,976 | [8] | 0 | [8] | 0 | [8] | 11,043 | [9] | 51,681 | [7] | 19,976 | [8] | 19,976 | [8] | 14,642 | [9] | 17,615 | [7] | ' | 0 | 4,988 | 4,973 | 5,298 | 2,070 | 3,558 | |||||||||||||||||||||||||||||||||||||||||
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 3,027,527 | 15,677 | 3,027,527 | 15,677 | 50,865 | ' | ' | ' | 0 | 22,270 | 17,805 | 0 | [7] | 1,242,462 | 2,286 | 0 | 4,231 | 0 | 0 | 1,757,258 | 30,774 | 15,677 | 1,757,258 | 0 | 0 | 890,711 | 0 | 0 | 712,951 | 0 | 0 | 153,596 | 0 | 0 | ' | ' | ' | 0 | [8] | 30,774 | [9] | 15,677 | [7] | 0 | [8] | 0 | [8] | 0 | [8] | 30,774 | [9] | 3,379 | [7] | 0 | [8] | 0 | [8] | 0 | [9] | 12,298 | [7] | ' | 0 | 0 | 0 | 1,306 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 3,500,690 | 5,492,528 | 3,500,690 | 5,492,528 | 6,281,460 | ' | ' | ' | 1,060 | 22,841 | 31,091 | 66,168 | [7] | 1,356,510 | 1,803,003 | 1,730,306 | 4,231 | 4,712 | 5,193 | 2,110,504 | 4,435,596 | 3,681,270 | 2,090,528 | 4,379,137 | 3,596,297 | 890,711 | 2,281,491 | 2,196,603 | 968,352 | 1,450,588 | 1,202,545 | 231,465 | 647,058 | 197,149 | ' | ' | ' | 19,976 | [8] | 56,459 | [9] | 84,973 | [7] | 19,976 | [8] | 0 | [8] | 0 | [8] | 41,817 | [9] | 55,060 | [7] | 19,976 | [8] | 19,976 | [8] | 14,642 | [9] | 29,913 | [7] | ' | 0 | 4,988 | 4,973 | 6,604 | 2,070 | 3,558 | |||||||||||||||||||||||||||||||||||||||||
Available-for-sale Securities, Continuous Unrealized Loss Position, Less Than Twelve Months, OTTI Portion, Fair Value | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 11,731 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 11,043 | 51,681 | 19,976 | 19,976 | 14,642 | 17,615 | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, OTTI Portion, Fair Value | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 30,774 | 3,379 | 0 | 0 | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Available-for-sale Securities, Continuous Unrealized Loss Position, OTTI Portion, Fair Value | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 11,731 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 41,817 | 55,060 | 19,976 | 19,976 | 14,642 | 17,615 | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Losses [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 2,126 | 98,295 | 2,126 | 98,295 | 156,172 | ' | ' | ' | 1 | 0 | 245 | 2,524 | [7] | 488 | 45,302 | 38,985 | 0 | 188 | 207 | 1,443 | 110,357 | 56,345 | 957 | 108,892 | 54,813 | 0 | 60,149 | 39,481 | 951 | 40,211 | 12,604 | 6 | 8,532 | 2,728 | ' | ' | ' | 486 | [8] | 1,465 | [9] | 1,532 | [7] | 486 | [8] | 0 | [8] | 0 | [8] | 756 | [9] | 1,236 | [7] | 486 | [8] | 486 | [8] | 709 | [9] | 296 | [7] | ' | 0 | 13 | 28 | 195 | 67 | 205 | |||||||||||||||||||||||||||||||||||||||||
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 52,559 | 712 | 52,559 | 712 | 1,877 | ' | ' | ' | 0 | 585 | 818 | 0 | [7] | 19,277 | 82 | 0 | 168 | 0 | 0 | 32,490 | 977 | 712 | 32,490 | 0 | 0 | 15,847 | 0 | 0 | 13,052 | 0 | 0 | 3,591 | 0 | 0 | ' | ' | ' | 0 | [8] | 977 | [9] | 712 | [7] | 0 | [8] | 0 | [8] | 0 | [8] | 977 | [9] | 437 | [7] | 0 | [8] | 0 | [8] | 0 | [9] | 275 | [7] | ' | 0 | 0 | 0 | 39 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | 54,685 | 99,007 | 54,685 | 99,007 | 158,049 | ' | ' | ' | 1 | 585 | 1,063 | 2,524 | [7] | 19,765 | 45,384 | 38,985 | 168 | 188 | 207 | 33,933 | 111,334 | 57,057 | 33,447 | 108,892 | 54,813 | 15,847 | 60,149 | 39,481 | 14,003 | 40,211 | 12,604 | 3,597 | 8,532 | 2,728 | ' | ' | ' | 486 | [8] | 2,442 | [9] | 2,244 | [7] | 486 | [8] | 0 | [8] | 0 | [8] | 1,733 | [9] | 1,673 | [7] | 486 | [8] | 486 | [8] | 709 | [9] | 571 | [7] | ' | 0 | 13 | 28 | 234 | 67 | 205 | |||||||||||||||||||||||||||||||||||||||||
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Losses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 654 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 756 | 1,236 | 486 | 486 | 709 | 296 | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, OTTI Portion, Aggregate Losses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 977 | 437 | 0 | 0 | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Available-for-sale Securities, Continuous Unrealized Loss Position, OTTI Portion, Aggregate Losses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 654 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 1,733 | 1,673 | 486 | 486 | 709 | 296 | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other than Temporary Impairment Losses, Investments, Available-for-sale Securities, Portion Recognized In Earnings, Net Qualitative Disclosures, Lowest Current Credit Rating [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Available-for-sale Securities, Portfolio Concentration US Govt or GSE Securities Not Rated, Amortized Cost | 9,304,737 | [10] | ' | 9,304,737 | [10] | ' | ' | ' | 1,023 | [10] | ' | ' | 0 | [10] | ' | ' | 2,129,521 | [10] | ' | ' | 0 | [10] | ' | ' | 7,174,193 | [10] | ' | ' | 7,174,193 | [10] | ' | ' | 4,297,579 | [10] | ' | ' | 2,055,924 | [10] | ' | ' | 815,201 | [10] | ' | ' | 5,489 | [10] | ' | ' | 0 | [10] | ' | ' | 0 | [10] | 0 | [10] | 0 | [10] | ' | ' | 0 | [10] | 0 | [10] | ' | ' | ' | 0 | [10] | ' | ' | 0 | [10] | ' | ' | ||||||||||||||||||||||||||||||||||
Available-for-sale Securities, Portfolio Concentration US Govt or GSE Securities Not Rated, Fair Value | 9,375,823 | [10] | ' | 9,375,823 | [10] | ' | ' | ' | 1,024 | [10] | ' | ' | 0 | [10] | ' | ' | 2,115,295 | [10] | ' | ' | 0 | [10] | ' | ' | 7,259,504 | [10] | ' | ' | 7,259,504 | [10] | ' | ' | 4,364,168 | [10] | ' | ' | 2,068,940 | [10] | ' | ' | 820,454 | [10] | ' | ' | 5,942 | [10] | ' | ' | 0 | [10] | ' | ' | 0 | [10] | 0 | [10] | 0 | [10] | ' | ' | 0 | [10] | 0 | [10] | ' | ' | ' | 0 | [10] | ' | ' | 0 | [10] | ' | ' | ||||||||||||||||||||||||||||||||||
Available-for-sale securities, Portfolio Concentration Rated AAA To AA, Amortized Cost | 45,371 | ' | 45,371 | ' | ' | ' | 0 | ' | ' | 40,967 | ' | ' | 0 | ' | ' | 4,400 | ' | ' | 0 | ' | ' | 0 | ' | ' | 0 | ' | ' | 0 | ' | ' | 0 | ' | ' | 0 | ' | ' | 0 | ' | ' | 0 | 0 | 0 | ' | ' | 0 | 0 | ' | ' | ' | 0 | ' | ' | 4 | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Available-for-sale Securities, Portfolio Concentration Rated AAA To AA, Fair Value | 47,096 | ' | 47,096 | ' | ' | ' | 0 | ' | ' | 42,360 | ' | ' | 0 | ' | ' | 4,231 | ' | ' | 0 | ' | ' | 0 | ' | ' | 0 | ' | ' | 0 | ' | ' | 0 | ' | ' | 0 | ' | ' | 0 | ' | ' | 0 | 0 | 0 | ' | ' | 0 | 0 | ' | ' | ' | 0 | ' | ' | 505 | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Available-for-sale Securities, Portfolio Concentration Rated A To BBB, Amortized Cost | 53,012 | ' | 53,012 | ' | ' | ' | 0 | ' | ' | 11,505 | ' | ' | 0 | ' | ' | 30,101 | ' | ' | 0 | ' | ' | 0 | ' | ' | 0 | ' | ' | 0 | ' | ' | 0 | ' | ' | 0 | ' | ' | 0 | ' | ' | 0 | 0 | 0 | ' | ' | 0 | 0 | ' | ' | ' | 11,406 | ' | ' | 0 | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Available-for-sale Securities, Portfolio Concentration Rated A To BBB, Fair Value | 54,110 | ' | 54,110 | ' | ' | ' | 0 | ' | ' | 11,225 | ' | ' | 0 | ' | ' | 30,297 | ' | ' | 0 | ' | ' | 0 | ' | ' | 0 | ' | ' | 0 | ' | ' | 0 | ' | ' | 0 | ' | ' | 0 | ' | ' | 0 | 0 | 0 | ' | ' | 0 | 0 | ' | ' | ' | 12,588 | ' | ' | 0 | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Available-for-sale Securities, Portfolio Concentration Rated Below Investment Grade, Amortized Cost | 179,584 | ' | 179,584 | ' | ' | ' | 0 | ' | ' | 0 | ' | ' | 0 | ' | ' | 0 | ' | ' | 168,819 | ' | ' | 0 | ' | ' | 0 | ' | ' | 0 | ' | ' | 0 | ' | ' | 0 | ' | ' | 168,819 | ' | ' | 168,819 | 70,880 | 70,880 | ' | ' | 97,939 | 97,939 | ' | ' | ' | 10,765 | ' | ' | 0 | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Available-for-sale Securities, Portfolio Concentration Rated Below Investment Grade, Fair Value | 191,184 | ' | 191,184 | ' | ' | ' | 0 | ' | ' | 0 | ' | ' | 0 | ' | ' | 0 | ' | ' | 179,042 | ' | ' | 0 | ' | ' | 0 | ' | ' | 0 | ' | ' | 0 | ' | ' | 0 | ' | ' | 179,042 | ' | ' | 179,042 | 75,700 | 75,700 | ' | ' | 103,342 | 103,342 | ' | ' | ' | 12,142 | ' | ' | 0 | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Available-for-sale Securities, Portfolio Concentration Not Rated, Amortized Cost | 30,962 | ' | 30,962 | ' | ' | ' | 0 | ' | ' | 11,459 | ' | ' | 0 | ' | ' | 0 | ' | ' | 0 | ' | ' | 0 | ' | ' | 0 | ' | ' | 0 | ' | ' | 0 | ' | ' | 0 | ' | ' | 0 | ' | ' | 0 | 0 | 0 | ' | ' | 0 | 0 | ' | ' | ' | 0 | ' | ' | 19,503 | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Available-for-sale Securities, Portfolio Concentration Not Rated, Fair Value | 30,933 | ' | 30,933 | ' | ' | ' | 0 | ' | ' | 11,385 | ' | ' | 0 | ' | ' | 0 | ' | ' | 0 | ' | ' | 0 | ' | ' | 0 | ' | ' | 0 | ' | ' | 0 | ' | ' | 0 | ' | ' | 0 | ' | ' | 0 | 0 | 0 | ' | ' | 0 | 0 | ' | ' | ' | 0 | ' | ' | 19,548 | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other Than Temporary Impairment Losses, Investments, Available-for-sale Securities, Portion Recognized in Earnings, Net, Qualitative Disclosures, Assumptions Used to Develop Projected Cash Flows [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unemployment rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'Held constant at 6.7% over the next 12 months and remains at 6.7% thereafter. | 'Increasing to 7.3% over the next 12 months and remain at 7.3% thereafter. | 'Increasing to 8% over the next 12 months and remain at 8% thereafter. | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Housing price appreciation/depreciation | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'Starting with current depreciated housing prices based on information derived from the FHFA1, appreciating 4% over the next 12 months, then flat for the following 12 months and then appreciating at 2% per year thereafter. | [11] | 'Starting with current depreciated housing prices based on information derived from the FHFA1, appreciating 4% over the next 12 months, then flat for the following 12 months and then appreciating at 2% per year thereafter. | [11] | 'Starting with current depreciated housing prices based on information derived from the FHFA1, appreciating 5% over the next 12 months, then flat for he following 12 months and then appreciating at 2% per year thereafter. | [11] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||
Estimated liquidation costs | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'Reflect actual historical liquidations costs observed on Jumbo and Alt-A residential mortgage loans in securities owned by the Company. | 'Reflect actual historical liquidations costs observed on Jumbo and Alt-A residential mortgage loans in securities owned by the Company. | 'Reflect actual historical liquidations costs observed on Jumbo and Alt-A residential mortgage loans in securities owned by the Company. | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Discount rates | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'Estimated cash flows were discounted at rates that range from 2.00% to 6.25% based on our current expected yields. | 'Estimated cash flows were discounted at rates that range from 2.00% to 6.25% based on our current expected yields. | 'Estimated cash flows were discounted at rates that range from 2.00% to 6.25% based on our current expected yields. | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other than Temporary Impairment Losses, Investments, Available-for-sale Securities, Portion Recognized in Earnings, Net Qualitative Disclosures, Privately Issued Mortgage-backed Securities [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Available-for-sale Securities, Privately Issued Residential Mortgage-backed Securities, Number of Securities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 44 | ' | ' | 44 | 14 | 14 | ' | ' | 30 | 30 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Available-for-sale Securities, Privately Issued Residential Mortgage-backed Securities, Credit losses Recognized [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Available-for-sale Securities, Privately Issued Residential Mortgage-backed Securities, Number of Securities with Credit Losses In Current Period | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' | 43 | 0 | 14 | ' | ' | 0 | 29 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amount of Credit Losses Recognized in Current Period | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $0 | ' | ' | $54,347 | $0 | $36,127 | ' | ' | $0 | $18,220 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
[1] | Gross unrealized gain/loss recognized in AOCI in the consolidated balance sheet. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[2] | Amounts represent unrealized loss that remains in AOCI after an other-than-temporary credit loss has been recognized in income. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[3] | Calculated on a taxable equivalent basis using a 39% effective tax rate. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[4] | Nominal yield on municipal and other tax-exempt securities and other debt securities with contractual maturity dates over ten years are based on variable rates which generally are reset within 35 days. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[5] | The nominal yield on mortgage-backed securities is based upon prepayment assumptions at the purchase date. Actual yields earned may differ significantly based upon actual prepayments. See Quarterly Financial Summary –– Unaudited following for current yields on available for sale securities portfolio. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[6] | Expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without penalty. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[7] | Includes the following securities for which an unrealized loss remains in AOCI after an other-than-temporary credit loss has been recognized in income:Municipal and other tax-exempt 21 $11,731 $654 $— $— $11,731 $654Alt-A loans 10 51,681 1,236 3,379 437 55,060 1,673Jumbo-A loans 2 17,615 296 — — 17,615 296 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[8] | Includes the following securities for which an unrealized loss remains in AOCI after an other-than-temporary credit loss has been recognized in income:Alt-A loans — — — — — — —Jumbo-A loans 11 19,976 486 — — 19,976 486 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[9] | Includes the following securities for which an unrealized loss remains in AOCI after an other-than-temporary credit loss has been recognized in income:Alt-A loans 7 $11,043 $756 $30,774 $977 $41,817 $1,733Jumbo-A loans 9 14,642 709 — — 14,642 709 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[10] | U.S. government and government sponsored enterprises are not rated by the nationally-recognized rating agencies as these securities are guaranteed by agencies of the U.S. government or government-sponsored enterprises. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[11] | Federal Housing Finance Agency |
Rollforward_of_CreditRelated_O
Rollforward of Credit-Related Other-than-temporary Impairment Recognized in Earnings (Details) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Roll Forward] | ' | ' | ' | ' |
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Beginning Balance | $54,347 | $75,475 | $67,346 | $75,228 |
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Additions, No Previous Impairment | 0 | 552 | 0 | 552 |
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Additions, Additional Credit Losses | 0 | 0 | 0 | 247 |
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Reductions, Change in Status | 0 | 0 | 0 | 0 |
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Reductions, Securities Sold | 0 | 0 | -12,999 | 0 |
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Ending Balance | $54,347 | $76,027 | $54,347 | $76,027 |
Securities_Fair_Value_Option_S
Securities Fair Value Option Securities (Details) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 |
In Thousands, unless otherwise specified | |||
Schedule of Fair Value Option Securities [Line Items] | ' | ' | ' |
Fair Value Option Securities, Fair Value | $185,674 | $167,125 | $205,756 |
Fair Value Option Securities, Unrealized Gain or Loss | -1,333 | -8,169 | -8,056 |
U.S. agency residential mortgage-backed securities [Member] | ' | ' | ' |
Schedule of Fair Value Option Securities [Line Items] | ' | ' | ' |
Fair Value Option Securities, Fair Value | 181,205 | 157,431 | 203,816 |
Fair Value Option Securities, Unrealized Gain or Loss | -1,720 | -8,378 | -8,048 |
Other debt securities [Member] | ' | ' | ' |
Schedule of Fair Value Option Securities [Line Items] | ' | ' | ' |
Fair Value Option Securities, Fair Value | 4,469 | 9,694 | 1,940 |
Fair Value Option Securities, Unrealized Gain or Loss | $387 | $209 | ($8) |
Securities_Restricted_Equity_S
Securities Restricted Equity Securities (Details) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 |
In Thousands, unless otherwise specified | |||
Restricted Equity Securities [Abstract] | ' | ' | ' |
Federal Reserve stock | $33,971 | $33,742 | $33,695 |
Federal Home Loan Bank stock | 57,242 | 51,498 | 124,152 |
Total | $91,213 | $85,240 | $157,847 |
Derivatives_Fair_Value_of_Deri
Derivatives, Fair Value of Derivatives Contracts (Details) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | |||
Derivative Assets, Fair Value, Net [Abstract] | ' | ' | ' | |||
Derviative contracts, net of cash collateral, assets | $357,680,000 | $265,012,000 | $546,206,000 | |||
Derivative Liabilities, Fair Value, Net [Abstract] | ' | ' | ' | |||
Derivative Liabilities, Fair Value, Net of Cash Collateral | 297,851,000 | 247,185,000 | 521,991,000 | |||
Increase in cash margin obligation for derivative holdings with a decrease in credit rating from A1 to below investment grade | 21,000,000 | ' | ' | |||
Not Designated as Hedging Instrument [Member] | ' | ' | ' | |||
Notional Amount of Derivatives [Abstract] | ' | ' | ' | |||
Derivative Assets, Notional | 17,391,369,000 | [1] | 13,812,049,000 | [1] | 19,831,867,000 | [1] |
Derivative Liabilities, Notional | 17,581,900,000 | [1] | 13,974,098,000 | [1] | 19,906,435,000 | [1] |
Derivative Assets, Fair Value, Net [Abstract] | ' | ' | ' | |||
Derivative Assets, Gross Fair Value | 436,508,000 | 351,683,000 | 859,432,000 | |||
Derivative Assets, Netting Adjustments | -77,138,000 | -77,746,000 | -308,121,000 | |||
Derivative Assets, Net Fair Value Before Cash Collateral | 359,370,000 | 273,937,000 | 551,311,000 | |||
Derivative Asset, Cash Collateral | -1,690,000 | -8,925,000 | -5,105,000 | |||
Derviative contracts, net of cash collateral, assets | 357,680,000 | 265,012,000 | 546,206,000 | |||
Derivative Liabilities, Fair Value, Net [Abstract] | ' | ' | ' | |||
Derivative Liabilities, Gross Fair Value | 434,022,000 | 349,133,000 | 855,358,000 | |||
Derivative Liabilities, Netting Adjustments | -77,138,000 | -77,746,000 | -308,121,000 | |||
Derivative Liabilities, Net Fair Value Before Cash Collateral | 356,884,000 | 271,387,000 | 547,237,000 | |||
Derivative Liabilities, Fair Value, Cash Collateral | -59,033,000 | -24,202,000 | -25,246,000 | |||
Derivative Liabilities, Fair Value, Net of Cash Collateral | 297,851,000 | 247,185,000 | 521,991,000 | |||
Not Designated as Hedging Instrument [Member] | To-be-announced residential mortgage-backed securities [Member] | ' | ' | ' | |||
Notional Amount of Derivatives [Abstract] | ' | ' | ' | |||
Derivative Assets, Notional | 14,576,481,000 | [1] | 10,817,159,000 | [1] | 16,351,395,000 | [1] |
Derivative Liabilities, Notional | 14,734,106,000 | [1] | 10,982,049,000 | [1] | 16,439,531,000 | [1] |
Derivative Assets, Fair Value, Net [Abstract] | ' | ' | ' | |||
Derivative Assets, Gross Fair Value | 134,411,000 | 102,921,000 | 545,290,000 | |||
Derivative Assets, Netting Adjustments | -53,746,000 | -46,623,000 | -268,087,000 | |||
Derivative Assets, Net Fair Value Before Cash Collateral | 80,665,000 | 56,298,000 | 277,203,000 | |||
Derivative Asset, Cash Collateral | 0 | 0 | 0 | |||
Derviative contracts, net of cash collateral, assets | 80,665,000 | 56,298,000 | 277,203,000 | |||
Derivative Liabilities, Fair Value, Net [Abstract] | ' | ' | ' | |||
Derivative Liabilities, Gross Fair Value | 131,256,000 | 99,830,000 | 540,540,000 | |||
Derivative Liabilities, Netting Adjustments | -53,746,000 | -46,623,000 | -268,087,000 | |||
Derivative Liabilities, Net Fair Value Before Cash Collateral | 77,510,000 | 53,207,000 | 272,453,000 | |||
Derivative Liabilities, Fair Value, Cash Collateral | 0 | 0 | 0 | |||
Derivative Liabilities, Fair Value, Net of Cash Collateral | 77,510,000 | 53,207,000 | 272,453,000 | |||
Not Designated as Hedging Instrument [Member] | Interest rate swaps [Member] | ' | ' | ' | |||
Notional Amount of Derivatives [Abstract] | ' | ' | ' | |||
Derivative Assets, Notional | 1,266,228,000 | [1] | 1,283,379,000 | [1] | 1,381,836,000 | [1] |
Derivative Liabilities, Notional | 1,266,228,000 | [1] | 1,283,379,000 | [1] | 1,381,836,000 | [1] |
Derivative Assets, Fair Value, Net [Abstract] | ' | ' | ' | |||
Derivative Assets, Gross Fair Value | 39,974,000 | 44,124,000 | 51,745,000 | |||
Derivative Assets, Netting Adjustments | 0 | 0 | 0 | |||
Derivative Assets, Net Fair Value Before Cash Collateral | 39,974,000 | 44,124,000 | 51,745,000 | |||
Derivative Asset, Cash Collateral | 0 | -731,000 | 0 | |||
Derviative contracts, net of cash collateral, assets | 39,974,000 | 43,393,000 | 51,745,000 | |||
Derivative Liabilities, Fair Value, Net [Abstract] | ' | ' | ' | |||
Derivative Liabilities, Gross Fair Value | 40,218,000 | 44,377,000 | 52,095,000 | |||
Derivative Liabilities, Netting Adjustments | 0 | 0 | 0 | |||
Derivative Liabilities, Net Fair Value Before Cash Collateral | 40,218,000 | 44,377,000 | 52,095,000 | |||
Derivative Liabilities, Fair Value, Cash Collateral | -19,700,000 | -17,853,000 | -19,381,000 | |||
Derivative Liabilities, Fair Value, Net of Cash Collateral | 20,518,000 | 26,524,000 | 32,714,000 | |||
Not Designated as Hedging Instrument [Member] | Energy contracts [Member] | ' | ' | ' | |||
Notional Amount of Derivatives [Abstract] | ' | ' | ' | |||
Derivative Assets, Notional | 1,063,840,000 | [1] | 1,263,266,000 | [1] | 1,501,959,000 | [1] |
Derivative Liabilities, Notional | 1,049,835,000 | [1] | 1,216,426,000 | [1] | 1,441,957,000 | [1] |
Derivative Assets, Fair Value, Net [Abstract] | ' | ' | ' | |||
Derivative Assets, Gross Fair Value | 67,831,000 | 48,078,000 | 65,414,000 | |||
Derivative Assets, Netting Adjustments | -23,169,000 | -29,957,000 | -35,376,000 | |||
Derivative Assets, Net Fair Value Before Cash Collateral | 44,662,000 | 18,121,000 | 30,038,000 | |||
Derivative Asset, Cash Collateral | 0 | -2,575,000 | -2,537,000 | |||
Derviative contracts, net of cash collateral, assets | 44,662,000 | 15,546,000 | 27,501,000 | |||
Derivative Liabilities, Fair Value, Net [Abstract] | ' | ' | ' | |||
Derivative Liabilities, Gross Fair Value | 66,742,000 | 46,095,000 | 63,515,000 | |||
Derivative Liabilities, Netting Adjustments | -23,169,000 | -29,957,000 | -35,376,000 | |||
Derivative Liabilities, Net Fair Value Before Cash Collateral | 43,573,000 | 16,138,000 | 28,139,000 | |||
Derivative Liabilities, Fair Value, Cash Collateral | -36,355,000 | -6,055,000 | -5,865,000 | |||
Derivative Liabilities, Fair Value, Net of Cash Collateral | 7,218,000 | 10,083,000 | 22,274,000 | |||
Not Designated as Hedging Instrument [Member] | Agricultural contracts [Member] | ' | ' | ' | |||
Notional Amount of Derivatives [Abstract] | ' | ' | ' | |||
Derivative Assets, Notional | 36,050,000 | [1] | 100,886,000 | [1] | 207,439,000 | [1] |
Derivative Liabilities, Notional | 36,036,000 | [1] | 99,191,000 | [1] | 207,329,000 | [1] |
Derivative Assets, Fair Value, Net [Abstract] | ' | ' | ' | |||
Derivative Assets, Gross Fair Value | 2,528,000 | 2,060,000 | 5,871,000 | |||
Derivative Assets, Netting Adjustments | -223,000 | -1,166,000 | -4,658,000 | |||
Derivative Assets, Net Fair Value Before Cash Collateral | 2,305,000 | 894,000 | 1,213,000 | |||
Derivative Asset, Cash Collateral | 0 | 0 | 0 | |||
Derviative contracts, net of cash collateral, assets | 2,305,000 | 894,000 | 1,213,000 | |||
Derivative Liabilities, Fair Value, Net [Abstract] | ' | ' | ' | |||
Derivative Liabilities, Gross Fair Value | 2,538,000 | 2,009,000 | 5,824,000 | |||
Derivative Liabilities, Netting Adjustments | -223,000 | -1,166,000 | -4,658,000 | |||
Derivative Liabilities, Net Fair Value Before Cash Collateral | 2,315,000 | 843,000 | 1,166,000 | |||
Derivative Liabilities, Fair Value, Cash Collateral | -2,298,000 | 0 | 0 | |||
Derivative Liabilities, Fair Value, Net of Cash Collateral | 17,000 | 843,000 | 1,166,000 | |||
Not Designated as Hedging Instrument [Member] | Foreign exchange contracts [Member] | ' | ' | ' | |||
Notional Amount of Derivatives [Abstract] | ' | ' | ' | |||
Derivative Assets, Notional | 242,866,000 | [1] | 136,543,000 | [1] | 177,643,000 | [1] |
Derivative Liabilities, Notional | 242,791,000 | [1] | 135,237,000 | [1] | 177,187,000 | [1] |
Derivative Assets, Fair Value, Net [Abstract] | ' | ' | ' | |||
Derivative Assets, Gross Fair Value | 174,802,000 | 136,543,000 | 177,643,000 | |||
Derivative Assets, Netting Adjustments | 0 | 0 | 0 | |||
Derivative Assets, Net Fair Value Before Cash Collateral | 174,802,000 | 136,543,000 | 177,643,000 | |||
Derivative Asset, Cash Collateral | 0 | -2,147,000 | 0 | |||
Derviative contracts, net of cash collateral, assets | 174,802,000 | 134,396,000 | 177,643,000 | |||
Derivative Liabilities, Fair Value, Net [Abstract] | ' | ' | ' | |||
Derivative Liabilities, Gross Fair Value | 174,477,000 | 135,237,000 | 177,187,000 | |||
Derivative Liabilities, Netting Adjustments | 0 | 0 | 0 | |||
Derivative Liabilities, Net Fair Value Before Cash Collateral | 174,477,000 | 135,237,000 | 177,187,000 | |||
Derivative Liabilities, Fair Value, Cash Collateral | -680,000 | -294,000 | 0 | |||
Derivative Liabilities, Fair Value, Net of Cash Collateral | 173,797,000 | 134,943,000 | 177,187,000 | |||
Not Designated as Hedging Instrument [Member] | Equity option contracts [Member] | ' | ' | ' | |||
Notional Amount of Derivatives [Abstract] | ' | ' | ' | |||
Derivative Assets, Notional | 205,904,000 | [1] | 210,816,000 | [1] | 211,595,000 | [1] |
Derivative Liabilities, Notional | 205,904,000 | [1] | 210,816,000 | [1] | 211,595,000 | [1] |
Derivative Assets, Fair Value, Net [Abstract] | ' | ' | ' | |||
Derivative Assets, Gross Fair Value | 16,962,000 | 17,957,000 | 13,469,000 | |||
Derivative Assets, Netting Adjustments | 0 | 0 | 0 | |||
Derivative Assets, Net Fair Value Before Cash Collateral | 16,962,000 | 17,957,000 | 13,469,000 | |||
Derivative Asset, Cash Collateral | -1,690,000 | -3,472,000 | -2,568,000 | |||
Derviative contracts, net of cash collateral, assets | 15,272,000 | 14,485,000 | 10,901,000 | |||
Derivative Liabilities, Fair Value, Net [Abstract] | ' | ' | ' | |||
Derivative Liabilities, Gross Fair Value | 16,962,000 | 17,957,000 | 13,469,000 | |||
Derivative Liabilities, Netting Adjustments | 0 | 0 | 0 | |||
Derivative Liabilities, Net Fair Value Before Cash Collateral | 16,962,000 | 17,957,000 | 13,469,000 | |||
Derivative Liabilities, Fair Value, Cash Collateral | 0 | 0 | 0 | |||
Derivative Liabilities, Fair Value, Net of Cash Collateral | 16,962,000 | 17,957,000 | 13,469,000 | |||
Not Designated as Hedging Instrument [Member] | Customer risk management programs [Member] | ' | ' | ' | |||
Notional Amount of Derivatives [Abstract] | ' | ' | ' | |||
Derivative Assets, Notional | 17,391,369,000 | [1] | 13,812,049,000 | [1] | 19,831,867,000 | [1] |
Derivative Liabilities, Notional | 17,534,900,000 | [1] | 13,927,098,000 | [1] | 19,859,435,000 | [1] |
Derivative Assets, Fair Value, Net [Abstract] | ' | ' | ' | |||
Derivative Assets, Gross Fair Value | 436,508,000 | 351,683,000 | 859,432,000 | |||
Derivative Assets, Netting Adjustments | -77,138,000 | -77,746,000 | -308,121,000 | |||
Derivative Assets, Net Fair Value Before Cash Collateral | 359,370,000 | 273,937,000 | 551,311,000 | |||
Derivative Asset, Cash Collateral | -1,690,000 | -8,925,000 | -5,105,000 | |||
Derviative contracts, net of cash collateral, assets | 357,680,000 | 265,012,000 | 546,206,000 | |||
Derivative Liabilities, Fair Value, Net [Abstract] | ' | ' | ' | |||
Derivative Liabilities, Gross Fair Value | 432,193,000 | 345,505,000 | 852,630,000 | |||
Derivative Liabilities, Netting Adjustments | -77,138,000 | -77,746,000 | -308,121,000 | |||
Derivative Liabilities, Net Fair Value Before Cash Collateral | 355,055,000 | 267,759,000 | 544,509,000 | |||
Derivative Liabilities, Fair Value, Cash Collateral | -59,033,000 | -24,202,000 | -25,246,000 | |||
Derivative Liabilities, Fair Value, Net of Cash Collateral | 296,022,000 | 243,557,000 | 519,263,000 | |||
Not Designated as Hedging Instrument [Member] | Interest rate risk management programs [Member] | ' | ' | ' | |||
Notional Amount of Derivatives [Abstract] | ' | ' | ' | |||
Derivative Assets, Notional | 0 | [1] | 0 | [1] | 0 | [1] |
Derivative Liabilities, Notional | 47,000,000 | [1] | 47,000,000 | [1] | 47,000,000 | [1] |
Derivatives, Notional | 47,000,000 | [1] | ' | ' | ||
Derivative Assets, Fair Value, Net [Abstract] | ' | ' | ' | |||
Derivative Assets, Gross Fair Value | 0 | 0 | 0 | |||
Derivative Assets, Netting Adjustments | 0 | 0 | 0 | |||
Derivative Assets, Net Fair Value Before Cash Collateral | 0 | 0 | 0 | |||
Derivative Asset, Cash Collateral | 0 | 0 | 0 | |||
Derviative contracts, net of cash collateral, assets | 0 | 0 | 0 | |||
Derivative Liabilities, Fair Value, Net [Abstract] | ' | ' | ' | |||
Derivative Liabilities, Gross Fair Value | 1,829,000 | 3,628,000 | 2,728,000 | |||
Derivative Liabilities, Netting Adjustments | 0 | 0 | 0 | |||
Derivative Liabilities, Net Fair Value Before Cash Collateral | 1,829,000 | 3,628,000 | 2,728,000 | |||
Derivative Liabilities, Fair Value, Cash Collateral | 0 | 0 | 0 | |||
Derivative Liabilities, Fair Value, Net of Cash Collateral | $1,829,000 | $3,628,000 | $2,728,000 | |||
[1] | Notional amounts for commodity contracts are converted into dollar-equivalent amounts based on dollar prices at the inception of the contract. |
Derivatives_Derivatives_Instru
Derivatives, Derivatives Instruments Gain (Loss) in Income Statement (Details) (Not Designated as Hedging Instrument [Member], USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Derivative Instruments, Gain (Loss) Recognized in Income, Net [Abstract] | ' | ' | ' | ' |
Brokergage and Trading Revenue | $3,732 | $5,169 | $5,232 | $8,000 |
Gain (Loss) on Derivatives, Net | 831 | -2,527 | 1,799 | -3,468 |
To-be-announced residential mortgage-backed securities [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) Recognized in Income, Net [Abstract] | ' | ' | ' | ' |
Brokergage and Trading Revenue | 224 | 1,716 | 64 | 1,701 |
Gain (Loss) on Derivatives, Net | 0 | 0 | 0 | 0 |
Interest rate swaps [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) Recognized in Income, Net [Abstract] | ' | ' | ' | ' |
Brokergage and Trading Revenue | 524 | 768 | 1,031 | 1,535 |
Gain (Loss) on Derivatives, Net | 0 | 0 | 0 | 0 |
Energy contracts [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) Recognized in Income, Net [Abstract] | ' | ' | ' | ' |
Brokergage and Trading Revenue | 2,613 | 2,436 | 3,484 | 4,219 |
Gain (Loss) on Derivatives, Net | 0 | 0 | 0 | 0 |
Agricultural contracts [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) Recognized in Income, Net [Abstract] | ' | ' | ' | ' |
Brokergage and Trading Revenue | 38 | 77 | 101 | 185 |
Gain (Loss) on Derivatives, Net | 0 | 0 | 0 | 0 |
Foreign exchange contracts [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) Recognized in Income, Net [Abstract] | ' | ' | ' | ' |
Brokergage and Trading Revenue | 333 | 172 | 552 | 360 |
Gain (Loss) on Derivatives, Net | 0 | 0 | 0 | 0 |
Equity option contracts [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) Recognized in Income, Net [Abstract] | ' | ' | ' | ' |
Brokergage and Trading Revenue | 0 | 0 | 0 | 0 |
Gain (Loss) on Derivatives, Net | 0 | 0 | 0 | 0 |
Customer risk management programs [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) Recognized in Income, Net [Abstract] | ' | ' | ' | ' |
Brokergage and Trading Revenue | 3,732 | 5,169 | 5,232 | 8,000 |
Gain (Loss) on Derivatives, Net | 0 | 0 | 0 | 0 |
Interest rate risk management programs [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) Recognized in Income, Net [Abstract] | ' | ' | ' | ' |
Brokergage and Trading Revenue | 0 | 0 | 0 | 0 |
Gain (Loss) on Derivatives, Net | $831 | ($2,527) | $1,799 | ($3,468) |
Loans_and_Allowance_for_Credit
Loans and Allowance for Credit Losses Part 1 (Details) (USD $) | 6 Months Ended | |||||
Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | ||||
Loan receivables disclosure [Abstract] | ' | ' | ' | |||
Loans, fixed rate of interest | $4,293,820,000 | $4,327,637,000 | $4,057,409,000 | |||
Loans, variable rate of interest | 9,036,358,000 | 8,363,478,000 | 8,261,240,000 | |||
Loans, non-accrual | 96,680,000 | 101,149,000 | 122,133,000 | |||
Total | 13,426,858,000 | 12,792,264,000 | 12,440,782,000 | |||
Accruing loans past due (90 days) | 67,000 | [1] | 1,415,000 | [1] | 2,460,000 | [1] |
Loans receivable, other information [Abstract] | ' | ' | ' | |||
Amount of total loan portfolio to businesses and individuals in Texas | 4,400,000,000 | ' | ' | |||
Percentage of total loan portfolio to businesses and individuals in Texas (in hundredths) | 33.00% | ' | ' | |||
Amount of total loan portfolio to businesses and individuals in Oklahoma | 3,400,000,000 | ' | ' | |||
Percentage of total loan portfolio to businesses and individuals in Oklahoma (in hundredths) | 26.00% | ' | ' | |||
Credit Commitments [Abstract] | ' | ' | ' | |||
Outstanding commitments to extend credit | 7,500,000,000 | ' | ' | |||
Outstanding standby letters of credit | 469,000,000 | ' | ' | |||
Outstanding commercial letters of credit | 11,000,000 | ' | ' | |||
Commercial [Member] | ' | ' | ' | |||
Loan receivables disclosure [Abstract] | ' | ' | ' | |||
Loans, fixed rate of interest | 1,681,348,000 | 1,637,620,000 | 1,447,823,000 | |||
Loans, variable rate of interest | 6,669,210,000 | 6,288,841,000 | 6,239,428,000 | |||
Loans, non-accrual | 17,103,000 | 16,760,000 | 20,869,000 | |||
Total | 8,367,661,000 | 7,943,221,000 | 7,708,120,000 | |||
Loans receivable, other information [Abstract] | ' | ' | ' | |||
Amount of loan portfolio to businesses in Texas | 2,800,000,000 | ' | ' | |||
Percentage of loan portfolio to businesses in Texas (in hundredths) | 34.00% | ' | ' | |||
Amount of loan portfolio to businesses in Oklahoma | 2,000,000,000 | ' | ' | |||
Percentage of loan portfolio to businesses in Oklahoma (in hundredths) | 24.00% | ' | ' | |||
Energy [Member] | ' | ' | ' | |||
Loan receivables disclosure [Abstract] | ' | ' | ' | |||
Total | 2,419,788,000 | 2,351,760,000 | 2,384,746,000 | |||
Loans receivable, other information [Abstract] | ' | ' | ' | |||
Percentage of energy loans in loan portfolio | 18.00% | ' | ' | |||
Amount of loans to energy producers | 2,100,000,000 | ' | ' | |||
Percentage of committed energy production loans secured by oil | 59.00% | ' | ' | |||
Percentage of committed energy production loans secured by natural gas | 41.00% | ' | ' | |||
Services [Member] | ' | ' | ' | |||
Loan receivables disclosure [Abstract] | ' | ' | ' | |||
Total | 2,377,065,000 | 2,282,210,000 | 2,204,253,000 | |||
Loans receivable, other information [Abstract] | ' | ' | ' | |||
Amount of loans with individual balances less than $10 million | 1,200,000,000 | ' | ' | |||
Maximum loan amount for certain individual loans in category | 10,000,000 | ' | ' | |||
Commercial Real Estate [Member] | ' | ' | ' | |||
Loan receivables disclosure [Abstract] | ' | ' | ' | |||
Loans, fixed rate of interest | 744,101,000 | 770,908,000 | 698,242,000 | |||
Loans, variable rate of interest | 1,876,405,000 | 1,603,595,000 | 1,560,161,000 | |||
Loans, non-accrual | 34,472,000 | 40,850,000 | 58,693,000 | |||
Total | 2,654,978,000 | 2,415,353,000 | 2,317,096,000 | |||
Loans receivable, other information [Abstract] | ' | ' | ' | |||
Percentage of loan portfolio secured by property in Texas (in hundredths) | 33.00% | ' | ' | |||
Percentage of loan portfolio secured by property in Oklahoma (in hundredths) | 17.00% | ' | ' | |||
Residential Mortgage [Member] | ' | ' | ' | |||
Loan receivables disclosure [Abstract] | ' | ' | ' | |||
Loans, fixed rate of interest | 1,753,186,000 | 1,783,615,000 | 1,768,607,000 | |||
Loans, variable rate of interest | 210,689,000 | 226,092,000 | 230,644,000 | |||
Loans, non-accrual | 44,340,000 | 42,319,000 | 40,534,000 | |||
Total | 2,008,215,000 | 2,052,026,000 | 2,039,785,000 | |||
Permanent mortage [Member] | ' | ' | ' | |||
Loan receivables disclosure [Abstract] | ' | ' | ' | |||
Total | 1,020,928,000 | 1,062,744,000 | 1,095,871,000 | |||
Loans receivable, other information [Abstract] | ' | ' | ' | |||
Minimum FICO required for jumbo loan approval | 720 | ' | ' | |||
Maximum debt-to-income ratio on jumbo loans (in hundredths) | 38.00% | ' | ' | |||
Minimum loan-to-value ratio on jumbo loans (in hundredths) | 60.00% | ' | ' | |||
Maximum loan-to-value ratio on jumbo loans (in hundredths) | 100.00% | ' | ' | |||
Minimum period for fixed rate on variable rate jumbo loans (in years) | '3 years | ' | ' | |||
Maximum period for fixed rate on variable rate jumbo loans (in years) | '10 years | ' | ' | |||
Permanent mortgages guaranteed by US govenment agencies [Member] | ' | ' | ' | |||
Loan receivables disclosure [Abstract] | ' | ' | ' | |||
Total | 188,087,000 | 181,598,000 | 156,887,000 | |||
Loans receivable, other information [Abstract] | ' | ' | ' | |||
Amount of loans guaranteed by US government and previously sold into GNMA mortgage pools | 188,000,000 | ' | ' | |||
Home equity {Member] | ' | ' | ' | |||
Loan receivables disclosure [Abstract] | ' | ' | ' | |||
Total | 799,200,000 | 807,684,000 | 787,027,000 | |||
Loans receivable, other information [Abstract] | ' | ' | ' | |||
Percentage of home equity portfolio comprised of first lien loans | 69.00% | ' | ' | |||
Percentage of home equity portfolio comprised of junior lien loans | 31.00% | ' | ' | |||
Percentage of junior lien home equity loans that are amortizing term loans | 73.00% | ' | ' | |||
Percentage of junior lien home equity loans that are revolving lines of credit | 27.00% | ' | ' | |||
Home equity loans, description | 'Home equity loans generally require a minimum FICO score of 700 and a maximum DTI of 40%. | ' | ' | |||
Home equity loans, maximum | 400,000 | ' | ' | |||
Home equity loans, revolving period | '5 years | ' | ' | |||
Home equity loans, amortization period following revolving period | '15 years | ' | ' | |||
Home equity loans, discretionary additional revolving period | '5 years | ' | ' | |||
Consumer [Member] | ' | ' | ' | |||
Loan receivables disclosure [Abstract] | ' | ' | ' | |||
Loans, fixed rate of interest | 115,185,000 | 135,494,000 | 142,737,000 | |||
Loans, variable rate of interest | 280,054,000 | 244,950,000 | 231,007,000 | |||
Loans, non-accrual | 765,000 | 1,220,000 | 2,037,000 | |||
Total | $396,004,000 | $381,664,000 | $375,781,000 | |||
[1] | Excludes residential mortgage loans guaranteed by agencies of the U.S. government |
Loans_and_Allowances_for_Credi2
Loans and Allowances for Credit Losses Part 2 (Details) (USD $) | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2013 | |
Allowance for loan losses [Roll Forward] | ' | ' | ' | ' | ' |
Beginning balance | $188,318,000 | $205,965,000 | $185,396,000 | $215,507,000 | ' |
Provision for loan losses | 370,000 | -499,000 | 780,000 | -7,689,000 | ' |
Loans charged off | -3,522,000 | -8,552,000 | -6,370,000 | -17,461,000 | ' |
Recoveries | 5,524,000 | 6,210,000 | 10,884,000 | 12,767,000 | ' |
Ending balance | 190,690,000 | 203,124,000 | 190,690,000 | 203,124,000 | ' |
Allowance for off-balance sheet credit losses [Roll Forward] | ' | ' | ' | ' | ' |
Beginning balance | 1,678,000 | 1,105,000 | 2,088,000 | 1,915,000 | ' |
Provision for off-balance sheet credit losses | -370,000 | 499,000 | -780,000 | -311,000 | ' |
Ending balance | 1,308,000 | 1,604,000 | 1,308,000 | 1,604,000 | ' |
Total provision for credit losses | 0 | 0 | 0 | -8,000,000 | ' |
Recorded investment [Abstract] | ' | ' | ' | ' | ' |
Collectively measured for impairment, recorded investment | 13,330,178,000 | 12,318,732,000 | 13,330,178,000 | 12,318,732,000 | 12,691,892,000 |
Individually measured for impairment, recorded investment | 96,680,000 | 122,050,000 | 96,680,000 | 122,050,000 | 100,372,000 |
Total | 13,426,858,000 | 12,440,782,000 | 13,426,858,000 | 12,440,782,000 | 12,792,264,000 |
Related allowance [Abstract] | ' | ' | ' | ' | ' |
Collectively measured for impairment, related allowance | 160,308,000 | 158,631,000 | 160,308,000 | 158,631,000 | 156,229,000 |
Individually measured for impairment, related allowance | 3,433,000 | 2,044,000 | 3,433,000 | 2,044,000 | 954,000 |
Total measured for impairment, related allowance | 190,690,000 | 203,124,000 | 190,690,000 | 203,124,000 | ' |
Commercial [Member] | ' | ' | ' | ' | ' |
Allowance for loan losses [Roll Forward] | ' | ' | ' | ' | ' |
Beginning balance | 85,246,000 | 66,419,000 | 79,180,000 | 65,280,000 | ' |
Provision for loan losses | 1,393,000 | 223,000 | 5,618,000 | -1,733,000 | ' |
Loans charged off | -29,000 | -4,538,000 | -173,000 | -4,836,000 | ' |
Recoveries | 1,196,000 | 1,940,000 | 3,181,000 | 5,333,000 | ' |
Ending balance | 87,806,000 | 64,044,000 | 87,806,000 | 64,044,000 | ' |
Allowance for off-balance sheet credit losses [Roll Forward] | ' | ' | ' | ' | ' |
Beginning balance | 576,000 | 405,000 | 119,000 | 475,000 | ' |
Provision for off-balance sheet credit losses | -231,000 | -3,000 | 226,000 | -73,000 | ' |
Ending balance | 345,000 | 402,000 | 345,000 | 402,000 | ' |
Total provision for credit losses | 1,162,000 | 220,000 | 5,844,000 | -1,806,000 | ' |
Recorded investment [Abstract] | ' | ' | ' | ' | ' |
Collectively measured for impairment, recorded investment | 8,350,558,000 | 7,687,251,000 | 8,350,558,000 | 7,687,251,000 | 7,926,461,000 |
Individually measured for impairment, recorded investment | 17,103,000 | 20,869,000 | 17,103,000 | 20,869,000 | 16,760,000 |
Total | 8,367,661,000 | 7,708,120,000 | 8,367,661,000 | 7,708,120,000 | 7,943,221,000 |
Related allowance [Abstract] | ' | ' | ' | ' | ' |
Collectively measured for impairment, related allowance | 84,639,000 | 63,492,000 | 84,639,000 | 63,492,000 | 78,607,000 |
Individually measured for impairment, related allowance | 3,167,000 | 552,000 | 3,167,000 | 552,000 | 573,000 |
Total measured for impairment, related allowance | 87,806,000 | 64,044,000 | 87,806,000 | 64,044,000 | ' |
Commercial Real Estate [Member] | ' | ' | ' | ' | ' |
Allowance for loan losses [Roll Forward] | ' | ' | ' | ' | ' |
Beginning balance | 41,589,000 | 48,528,000 | 41,573,000 | 54,884,000 | ' |
Provision for loan losses | -2,958,000 | -1,118,000 | -4,549,000 | -3,798,000 | ' |
Loans charged off | 0 | -450,000 | -220,000 | -5,250,000 | ' |
Recoveries | 2,621,000 | 2,727,000 | 4,448,000 | 3,851,000 | ' |
Ending balance | 41,252,000 | 49,687,000 | 41,252,000 | 49,687,000 | ' |
Allowance for off-balance sheet credit losses [Roll Forward] | ' | ' | ' | ' | ' |
Beginning balance | 1,040,000 | 618,000 | 1,876,000 | 1,353,000 | ' |
Provision for off-balance sheet credit losses | -138,000 | 560,000 | -974,000 | -175,000 | ' |
Ending balance | 902,000 | 1,178,000 | 902,000 | 1,178,000 | ' |
Total provision for credit losses | -3,096,000 | -558,000 | -5,523,000 | -3,973,000 | ' |
Recorded investment [Abstract] | ' | ' | ' | ' | ' |
Collectively measured for impairment, recorded investment | 2,620,506,000 | 2,258,403,000 | 2,620,506,000 | 2,258,403,000 | 2,374,503,000 |
Individually measured for impairment, recorded investment | 34,472,000 | 58,693,000 | 34,472,000 | 58,693,000 | 40,850,000 |
Total | 2,654,978,000 | 2,317,096,000 | 2,654,978,000 | 2,317,096,000 | 2,415,353,000 |
Related allowance [Abstract] | ' | ' | ' | ' | ' |
Collectively measured for impairment, related allowance | 41,069,000 | 48,493,000 | 41,069,000 | 48,493,000 | 41,440,000 |
Individually measured for impairment, related allowance | 183,000 | 1,194,000 | 183,000 | 1,194,000 | 133,000 |
Total measured for impairment, related allowance | 41,252,000 | 49,687,000 | 41,252,000 | 49,687,000 | ' |
Residential Mortgage [Member] | ' | ' | ' | ' | ' |
Allowance for loan losses [Roll Forward] | ' | ' | ' | ' | ' |
Beginning balance | 28,307,000 | 40,222,000 | 29,465,000 | 41,703,000 | ' |
Provision for loan losses | 467,000 | 597,000 | -49,000 | 323,000 | ' |
Loans charged off | -1,842,000 | -2,057,000 | -2,838,000 | -3,836,000 | ' |
Recoveries | 722,000 | 444,000 | 1,076,000 | 1,016,000 | ' |
Ending balance | 27,654,000 | 39,206,000 | 27,654,000 | 39,206,000 | ' |
Allowance for off-balance sheet credit losses [Roll Forward] | ' | ' | ' | ' | ' |
Beginning balance | 62,000 | 72,000 | 90,000 | 78,000 | ' |
Provision for off-balance sheet credit losses | -19,000 | -66,000 | -47,000 | -72,000 | ' |
Ending balance | 43,000 | 6,000 | 43,000 | 6,000 | ' |
Total provision for credit losses | 448,000 | 531,000 | -96,000 | 251,000 | ' |
Recorded investment [Abstract] | ' | ' | ' | ' | ' |
Collectively measured for impairment, recorded investment | 1,963,875,000 | 1,999,334,000 | 1,963,875,000 | 1,999,334,000 | 2,010,483,000 |
Individually measured for impairment, recorded investment | 44,340,000 | 40,451,000 | 44,340,000 | 40,451,000 | 41,543,000 |
Total | 2,008,215,000 | 2,039,785,000 | 2,008,215,000 | 2,039,785,000 | 2,052,026,000 |
Related allowance [Abstract] | ' | ' | ' | ' | ' |
Collectively measured for impairment, related allowance | 27,571,000 | 39,028,000 | 27,571,000 | 39,028,000 | 29,217,000 |
Individually measured for impairment, related allowance | 83,000 | 178,000 | 83,000 | 178,000 | 248,000 |
Total measured for impairment, related allowance | 27,654,000 | 39,206,000 | 27,654,000 | 39,206,000 | ' |
Consumer [Member] | ' | ' | ' | ' | ' |
Allowance for loan losses [Roll Forward] | ' | ' | ' | ' | ' |
Beginning balance | 6,211,000 | 7,984,000 | 6,965,000 | 9,453,000 | ' |
Provision for loan losses | 1,484,000 | 162,000 | 1,024,000 | -743,000 | ' |
Loans charged off | -1,651,000 | -1,507,000 | -3,139,000 | -3,539,000 | ' |
Recoveries | 985,000 | 1,099,000 | 2,179,000 | 2,567,000 | ' |
Ending balance | 7,029,000 | 7,738,000 | 7,029,000 | 7,738,000 | ' |
Allowance for off-balance sheet credit losses [Roll Forward] | ' | ' | ' | ' | ' |
Beginning balance | 0 | 10,000 | 3,000 | 9,000 | ' |
Provision for off-balance sheet credit losses | 18,000 | 8,000 | 15,000 | 9,000 | ' |
Ending balance | 18,000 | 18,000 | 18,000 | 18,000 | ' |
Total provision for credit losses | 1,502,000 | 170,000 | 1,039,000 | -734,000 | ' |
Recorded investment [Abstract] | ' | ' | ' | ' | ' |
Collectively measured for impairment, recorded investment | 395,239,000 | 373,744,000 | 395,239,000 | 373,744,000 | 380,445,000 |
Individually measured for impairment, recorded investment | 765,000 | 2,037,000 | 765,000 | 2,037,000 | 1,219,000 |
Total | 396,004,000 | 375,781,000 | 396,004,000 | 375,781,000 | 381,664,000 |
Related allowance [Abstract] | ' | ' | ' | ' | ' |
Collectively measured for impairment, related allowance | 7,029,000 | 7,618,000 | 7,029,000 | 7,618,000 | 6,965,000 |
Individually measured for impairment, related allowance | 0 | 120,000 | 0 | 120,000 | 0 |
Total measured for impairment, related allowance | 7,029,000 | 7,738,000 | 7,029,000 | 7,738,000 | ' |
Specific Allowance [Member] | ' | ' | ' | ' | ' |
Allowance for loan losses [Roll Forward] | ' | ' | ' | ' | ' |
Beginning balance | ' | ' | ' | ' | 157,183,000 |
Ending balance | 163,741,000 | 160,675,000 | 163,741,000 | 160,675,000 | 157,183,000 |
Recorded investment [Abstract] | ' | ' | ' | ' | ' |
Collectively measured for impairment, recorded investment | 13,330,178,000 | 12,318,732,000 | 13,330,178,000 | 12,318,732,000 | 12,691,892,000 |
Individually measured for impairment, recorded investment | 96,680,000 | 122,050,000 | 96,680,000 | 122,050,000 | 100,372,000 |
Total | 13,426,858,000 | 12,440,782,000 | 13,426,858,000 | 12,440,782,000 | 12,792,264,000 |
Related allowance [Abstract] | ' | ' | ' | ' | ' |
Collectively measured for impairment, related allowance | 160,308,000 | 158,631,000 | 160,308,000 | 158,631,000 | 156,229,000 |
Individually measured for impairment, related allowance | 3,433,000 | 2,044,000 | 3,433,000 | 2,044,000 | 954,000 |
Total measured for impairment, related allowance | 163,741,000 | 160,675,000 | 163,741,000 | 160,675,000 | 157,183,000 |
Nonspecific Allowance [Member] | ' | ' | ' | ' | ' |
Allowance for loan losses [Roll Forward] | ' | ' | ' | ' | ' |
Beginning balance | 26,965,000 | 42,812,000 | 28,213,000 | 44,187,000 | ' |
Provision for loan losses | -16,000 | -363,000 | -1,264,000 | -1,738,000 | ' |
Loans charged off | 0 | 0 | 0 | 0 | ' |
Recoveries | 0 | 0 | 0 | 0 | ' |
Ending balance | 26,949,000 | 42,449,000 | 26,949,000 | 42,449,000 | ' |
Allowance for off-balance sheet credit losses [Roll Forward] | ' | ' | ' | ' | ' |
Beginning balance | 0 | 0 | 0 | 0 | ' |
Provision for off-balance sheet credit losses | 0 | 0 | 0 | 0 | ' |
Ending balance | 0 | 0 | 0 | 0 | ' |
Total provision for credit losses | -16,000 | -363,000 | -1,264,000 | -1,738,000 | ' |
Recorded investment [Abstract] | ' | ' | ' | ' | ' |
Collectively measured for impairment, recorded investment | 0 | 0 | 0 | 0 | 0 |
Individually measured for impairment, recorded investment | 0 | 0 | 0 | 0 | 0 |
Total | 0 | 0 | 0 | 0 | 0 |
Related allowance [Abstract] | ' | ' | ' | ' | ' |
Collectively measured for impairment, related allowance | 0 | 0 | 0 | 0 | 0 |
Individually measured for impairment, related allowance | 0 | 0 | 0 | 0 | 0 |
Total measured for impairment, related allowance | $26,949,000 | $42,449,000 | $26,949,000 | $42,449,000 | ' |
Loans_and_Allowances_for_Credi3
Loans and Allowances for Credit Losses Part 3 (Details) (USD $) | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 |
Recorded Investment [Abstract] | ' | ' | ' | ' | ' | ' |
Internally Risk Graded, Recorded Investment | $11,494,951,000 | ' | $10,789,740,000 | $10,480,793,000 | ' | ' |
Non-Graded, Recorded Investment | 1,931,907,000 | ' | 2,002,524,000 | 1,959,989,000 | ' | ' |
Total | 13,426,858,000 | ' | 12,792,264,000 | 12,440,782,000 | ' | ' |
Related Allowance [Abstract] | ' | ' | ' | ' | ' | ' |
Internally Risk Graded, Allowance | 135,294,000 | ' | 127,961,000 | 118,586,000 | ' | ' |
Non-Graded, Allowance | 28,447,000 | ' | 29,222,000 | 42,089,000 | ' | ' |
Allowance For Financing Receivable Total | 190,690,000 | 188,318,000 | 185,396,000 | 203,124,000 | 205,965,000 | 215,507,000 |
Performing [Member] | ' | ' | ' | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' | ' | ' | ' |
Internally Risk Graded, Recorded Investment | 11,334,373,000 | ' | 10,650,784,000 | 10,303,771,000 | ' | ' |
Non-Graded, Recorded Investment | 1,890,830,000 | ' | 1,966,324,000 | 1,924,100,000 | ' | ' |
Potential Problem [Member] | ' | ' | ' | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' | ' | ' | ' |
Internally Risk Graded, Recorded Investment | 104,975,000 | ' | 74,007,000 | 90,778,000 | ' | ' |
Nonaccrual [Member] | ' | ' | ' | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' | ' | ' | ' |
Internally Risk Graded, Recorded Investment | 55,603,000 | ' | 64,949,000 | 86,244,000 | ' | ' |
Non-Graded, Recorded Investment | 41,077,000 | ' | 36,200,000 | 35,889,000 | ' | ' |
Commercial [Member] | ' | ' | ' | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' | ' | ' | ' |
Internally Risk Graded, Recorded Investment | 8,341,114,000 | ' | 7,888,219,000 | 7,689,954,000 | ' | ' |
Non-Graded, Recorded Investment | 26,547,000 | ' | 55,002,000 | 18,166,000 | ' | ' |
Total | 8,367,661,000 | ' | 7,943,221,000 | 7,708,120,000 | ' | ' |
Related Allowance [Abstract] | ' | ' | ' | ' | ' | ' |
Internally Risk Graded, Allowance | 86,893,000 | ' | 78,250,000 | 62,830,000 | ' | ' |
Non-Graded, Allowance | 913,000 | ' | 930,000 | 1,214,000 | ' | ' |
Allowance For Financing Receivable Total | 87,806,000 | ' | 79,180,000 | 64,044,000 | ' | ' |
Commercial [Member] | Performing [Member] | ' | ' | ' | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' | ' | ' | ' |
Internally Risk Graded, Recorded Investment | 8,258,262,000 | ' | 7,841,108,000 | 7,624,152,000 | ' | ' |
Non-Graded, Recorded Investment | 26,485,000 | ' | 54,929,000 | 18,105,000 | ' | ' |
Commercial [Member] | Potential Problem [Member] | ' | ' | ' | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' | ' | ' | ' |
Internally Risk Graded, Recorded Investment | 65,811,000 | ' | 30,424,000 | 44,994,000 | ' | ' |
Commercial [Member] | Nonaccrual [Member] | ' | ' | ' | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' | ' | ' | ' |
Internally Risk Graded, Recorded Investment | 17,041,000 | ' | 16,687,000 | 20,808,000 | ' | ' |
Non-Graded, Recorded Investment | 62,000 | ' | 73,000 | 61,000 | ' | ' |
Energy [Member] | ' | ' | ' | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' | ' | ' | ' |
Total | 2,419,788,000 | ' | 2,351,760,000 | 2,384,746,000 | ' | ' |
Energy [Member] | Performing [Member] | ' | ' | ' | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' | ' | ' | ' |
Internally Risk Graded, Recorded Investment | 2,395,942,000 | ' | 2,347,519,000 | 2,378,187,000 | ' | ' |
Non-Graded, Recorded Investment | 0 | ' | 0 | 0 | ' | ' |
Energy [Member] | Potential Problem [Member] | ' | ' | ' | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' | ' | ' | ' |
Internally Risk Graded, Recorded Investment | 22,227,000 | ' | 2,381,000 | 4,282,000 | ' | ' |
Energy [Member] | Nonaccrual [Member] | ' | ' | ' | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' | ' | ' | ' |
Internally Risk Graded, Recorded Investment | 1,619,000 | ' | 1,860,000 | 2,277,000 | ' | ' |
Non-Graded, Recorded Investment | 0 | ' | 0 | 0 | ' | ' |
Services [Member] | ' | ' | ' | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' | ' | ' | ' |
Total | 2,377,065,000 | ' | 2,282,210,000 | 2,204,253,000 | ' | ' |
Services [Member] | Performing [Member] | ' | ' | ' | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' | ' | ' | ' |
Internally Risk Graded, Recorded Investment | 2,352,450,000 | ' | 2,265,984,000 | 2,170,695,000 | ' | ' |
Non-Graded, Recorded Investment | 0 | ' | 0 | 0 | ' | ' |
Services [Member] | Potential Problem [Member] | ' | ' | ' | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' | ' | ' | ' |
Internally Risk Graded, Recorded Investment | 20,946,000 | ' | 11,304,000 | 26,110,000 | ' | ' |
Services [Member] | Nonaccrual [Member] | ' | ' | ' | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' | ' | ' | ' |
Internally Risk Graded, Recorded Investment | 3,669,000 | ' | 4,922,000 | 7,448,000 | ' | ' |
Non-Graded, Recorded Investment | 0 | ' | 0 | 0 | ' | ' |
Wholesale/retail [Member] | ' | ' | ' | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' | ' | ' | ' |
Total | 1,318,151,000 | ' | 1,201,364,000 | 1,175,543,000 | ' | ' |
Wholesale/retail [Member] | Performing [Member] | ' | ' | ' | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' | ' | ' | ' |
Internally Risk Graded, Recorded Investment | 1,307,426,000 | ' | 1,191,791,000 | 1,167,215,000 | ' | ' |
Non-Graded, Recorded Investment | 0 | ' | 0 | 0 | ' | ' |
Wholesale/retail [Member] | Potential Problem [Member] | ' | ' | ' | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' | ' | ' | ' |
Internally Risk Graded, Recorded Investment | 4,840,000 | ' | 2,604,000 | 1,628,000 | ' | ' |
Wholesale/retail [Member] | Nonaccrual [Member] | ' | ' | ' | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' | ' | ' | ' |
Internally Risk Graded, Recorded Investment | 5,885,000 | ' | 6,969,000 | 6,700,000 | ' | ' |
Non-Graded, Recorded Investment | 0 | ' | 0 | 0 | ' | ' |
Manufacturing [Member] | ' | ' | ' | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' | ' | ' | ' |
Total | 452,866,000 | ' | 391,751,000 | 386,133,000 | ' | ' |
Manufacturing [Member] | Performing [Member] | ' | ' | ' | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' | ' | ' | ' |
Internally Risk Graded, Recorded Investment | 442,493,000 | ' | 381,794,000 | 381,729,000 | ' | ' |
Non-Graded, Recorded Investment | 0 | ' | 0 | 0 | ' | ' |
Manufacturing [Member] | Potential Problem [Member] | ' | ' | ' | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' | ' | ' | ' |
Internally Risk Graded, Recorded Investment | 6,866,000 | ' | 9,365,000 | 3,528,000 | ' | ' |
Manufacturing [Member] | Nonaccrual [Member] | ' | ' | ' | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' | ' | ' | ' |
Internally Risk Graded, Recorded Investment | 3,507,000 | ' | 592,000 | 876,000 | ' | ' |
Non-Graded, Recorded Investment | 0 | ' | 0 | 0 | ' | ' |
Healthcare [Member] | ' | ' | ' | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' | ' | ' | ' |
Total | 1,394,156,000 | ' | 1,274,246,000 | 1,118,810,000 | ' | ' |
Healthcare [Member] | Performing [Member] | ' | ' | ' | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' | ' | ' | ' |
Internally Risk Graded, Recorded Investment | 1,385,395,000 | ' | 1,272,626,000 | 1,116,089,000 | ' | ' |
Non-Graded, Recorded Investment | 0 | ' | 0 | 0 | ' | ' |
Healthcare [Member] | Potential Problem [Member] | ' | ' | ' | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' | ' | ' | ' |
Internally Risk Graded, Recorded Investment | 7,339,000 | ' | 34,000 | 51,000 | ' | ' |
Healthcare [Member] | Nonaccrual [Member] | ' | ' | ' | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' | ' | ' | ' |
Internally Risk Graded, Recorded Investment | 1,422,000 | ' | 1,586,000 | 2,670,000 | ' | ' |
Non-Graded, Recorded Investment | 0 | ' | 0 | 0 | ' | ' |
Other commercial and industrial [Member] | ' | ' | ' | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' | ' | ' | ' |
Total | 405,635,000 | ' | 441,890,000 | 438,635,000 | ' | ' |
Other commercial and industrial [Member] | Performing [Member] | ' | ' | ' | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' | ' | ' | ' |
Internally Risk Graded, Recorded Investment | 374,556,000 | ' | 381,394,000 | 410,237,000 | ' | ' |
Non-Graded, Recorded Investment | 26,485,000 | ' | 54,929,000 | 18,105,000 | ' | ' |
Other commercial and industrial [Member] | Potential Problem [Member] | ' | ' | ' | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' | ' | ' | ' |
Internally Risk Graded, Recorded Investment | 3,593,000 | ' | 4,736,000 | 9,395,000 | ' | ' |
Other commercial and industrial [Member] | Nonaccrual [Member] | ' | ' | ' | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' | ' | ' | ' |
Internally Risk Graded, Recorded Investment | 939,000 | ' | 758,000 | 837,000 | ' | ' |
Non-Graded, Recorded Investment | 62,000 | ' | 73,000 | 61,000 | ' | ' |
Commercial Real Estate [Member] | ' | ' | ' | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' | ' | ' | ' |
Internally Risk Graded, Recorded Investment | 2,654,978,000 | ' | 2,415,353,000 | 2,317,096,000 | ' | ' |
Non-Graded, Recorded Investment | 0 | ' | 0 | 0 | ' | ' |
Total | 2,654,978,000 | ' | 2,415,353,000 | 2,317,096,000 | ' | ' |
Related Allowance [Abstract] | ' | ' | ' | ' | ' | ' |
Internally Risk Graded, Allowance | 41,252,000 | ' | 41,573,000 | 49,687,000 | ' | ' |
Non-Graded, Allowance | 0 | ' | 0 | 0 | ' | ' |
Allowance For Financing Receivable Total | 41,252,000 | ' | 41,573,000 | 49,687,000 | ' | ' |
Commercial Real Estate [Member] | Performing [Member] | ' | ' | ' | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' | ' | ' | ' |
Internally Risk Graded, Recorded Investment | 2,583,554,000 | ' | 2,334,998,000 | 2,218,338,000 | ' | ' |
Non-Graded, Recorded Investment | 0 | ' | 0 | 0 | ' | ' |
Commercial Real Estate [Member] | Potential Problem [Member] | ' | ' | ' | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' | ' | ' | ' |
Internally Risk Graded, Recorded Investment | 36,952,000 | ' | 39,505,000 | 40,065,000 | ' | ' |
Commercial Real Estate [Member] | Nonaccrual [Member] | ' | ' | ' | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' | ' | ' | ' |
Internally Risk Graded, Recorded Investment | 34,472,000 | ' | 40,850,000 | 58,693,000 | ' | ' |
Non-Graded, Recorded Investment | 0 | ' | 0 | 0 | ' | ' |
Residential construction and land development [Member] | ' | ' | ' | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' | ' | ' | ' |
Total | 184,779,000 | ' | 206,258,000 | 225,654,000 | ' | ' |
Residential construction and land development [Member] | Performing [Member] | ' | ' | ' | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' | ' | ' | ' |
Internally Risk Graded, Recorded Investment | 152,228,000 | ' | 173,488,000 | 184,216,000 | ' | ' |
Non-Graded, Recorded Investment | 0 | ' | 0 | 0 | ' | ' |
Residential construction and land development [Member] | Potential Problem [Member] | ' | ' | ' | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' | ' | ' | ' |
Internally Risk Graded, Recorded Investment | 17,405,000 | ' | 15,393,000 | 20,303,000 | ' | ' |
Residential construction and land development [Member] | Nonaccrual [Member] | ' | ' | ' | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' | ' | ' | ' |
Internally Risk Graded, Recorded Investment | 15,146,000 | ' | 17,377,000 | 21,135,000 | ' | ' |
Non-Graded, Recorded Investment | 0 | ' | 0 | 0 | ' | ' |
Retail [Member] | ' | ' | ' | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' | ' | ' | ' |
Total | 642,110,000 | ' | 586,047,000 | 553,412,000 | ' | ' |
Retail [Member] | Performing [Member] | ' | ' | ' | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' | ' | ' | ' |
Internally Risk Graded, Recorded Investment | 636,332,000 | ' | 579,506,000 | 540,872,000 | ' | ' |
Non-Graded, Recorded Investment | 0 | ' | 0 | 0 | ' | ' |
Retail [Member] | Potential Problem [Member] | ' | ' | ' | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' | ' | ' | ' |
Internally Risk Graded, Recorded Investment | 1,579,000 | ' | 1,684,000 | 4,134,000 | ' | ' |
Retail [Member] | Nonaccrual [Member] | ' | ' | ' | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' | ' | ' | ' |
Internally Risk Graded, Recorded Investment | 4,199,000 | ' | 4,857,000 | 8,406,000 | ' | ' |
Non-Graded, Recorded Investment | 0 | ' | 0 | 0 | ' | ' |
Office [Member] | ' | ' | ' | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' | ' | ' | ' |
Total | 394,217,000 | ' | 411,499,000 | 459,558,000 | ' | ' |
Office [Member] | Performing [Member] | ' | ' | ' | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' | ' | ' | ' |
Internally Risk Graded, Recorded Investment | 389,487,000 | ' | 403,951,000 | 450,790,000 | ' | ' |
Non-Graded, Recorded Investment | 0 | ' | 0 | 0 | ' | ' |
Office [Member] | Potential Problem [Member] | ' | ' | ' | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' | ' | ' | ' |
Internally Risk Graded, Recorded Investment | 1,139,000 | ' | 1,157,000 | 940,000 | ' | ' |
Office [Member] | Nonaccrual [Member] | ' | ' | ' | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' | ' | ' | ' |
Internally Risk Graded, Recorded Investment | 3,591,000 | ' | 6,391,000 | 7,828,000 | ' | ' |
Non-Graded, Recorded Investment | 0 | ' | 0 | 0 | ' | ' |
Multifamily [Member] | ' | ' | ' | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' | ' | ' | ' |
Total | 677,403,000 | ' | 576,502,000 | 500,452,000 | ' | ' |
Multifamily [Member] | Performing [Member] | ' | ' | ' | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' | ' | ' | ' |
Internally Risk Graded, Recorded Investment | 663,349,000 | ' | 562,800,000 | 491,864,000 | ' | ' |
Non-Graded, Recorded Investment | 0 | ' | 0 | 0 | ' | ' |
Multifamily [Member] | Potential Problem [Member] | ' | ' | ' | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' | ' | ' | ' |
Internally Risk Graded, Recorded Investment | 14,054,000 | ' | 13,695,000 | 2,141,000 | ' | ' |
Multifamily [Member] | Nonaccrual [Member] | ' | ' | ' | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' | ' | ' | ' |
Internally Risk Graded, Recorded Investment | 0 | ' | 7,000 | 6,447,000 | ' | ' |
Non-Graded, Recorded Investment | 0 | ' | 0 | 0 | ' | ' |
Industrial [Member] | ' | ' | ' | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' | ' | ' | ' |
Total | 342,080,000 | ' | 243,877,000 | 253,990,000 | ' | ' |
Industrial [Member] | Performing [Member] | ' | ' | ' | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' | ' | ' | ' |
Internally Risk Graded, Recorded Investment | 341,449,000 | ' | 243,625,000 | 253,732,000 | ' | ' |
Non-Graded, Recorded Investment | 0 | ' | 0 | 0 | ' | ' |
Industrial [Member] | Potential Problem [Member] | ' | ' | ' | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' | ' | ' | ' |
Internally Risk Graded, Recorded Investment | 0 | ' | 0 | 258,000 | ' | ' |
Industrial [Member] | Nonaccrual [Member] | ' | ' | ' | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' | ' | ' | ' |
Internally Risk Graded, Recorded Investment | 631,000 | ' | 252,000 | 0 | ' | ' |
Non-Graded, Recorded Investment | 0 | ' | 0 | 0 | ' | ' |
Other commercial real estate [Member] | ' | ' | ' | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' | ' | ' | ' |
Total | 414,389,000 | ' | 391,170,000 | 324,030,000 | ' | ' |
Other commercial real estate [Member] | Performing [Member] | ' | ' | ' | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' | ' | ' | ' |
Internally Risk Graded, Recorded Investment | 400,709,000 | ' | 371,628,000 | 296,864,000 | ' | ' |
Non-Graded, Recorded Investment | 0 | ' | 0 | 0 | ' | ' |
Other commercial real estate [Member] | Potential Problem [Member] | ' | ' | ' | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' | ' | ' | ' |
Internally Risk Graded, Recorded Investment | 2,775,000 | ' | 7,576,000 | 12,289,000 | ' | ' |
Other commercial real estate [Member] | Nonaccrual [Member] | ' | ' | ' | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' | ' | ' | ' |
Internally Risk Graded, Recorded Investment | 10,905,000 | ' | 11,966,000 | 14,877,000 | ' | ' |
Non-Graded, Recorded Investment | 0 | ' | 0 | 0 | ' | ' |
Residential Mortgage [Member] | ' | ' | ' | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' | ' | ' | ' |
Internally Risk Graded, Recorded Investment | 203,097,000 | ' | 220,635,000 | 230,359,000 | ' | ' |
Non-Graded, Recorded Investment | 1,805,118,000 | ' | 1,831,391,000 | 1,809,426,000 | ' | ' |
Total | 2,008,215,000 | ' | 2,052,026,000 | 2,039,785,000 | ' | ' |
Related Allowance [Abstract] | ' | ' | ' | ' | ' | ' |
Internally Risk Graded, Allowance | 4,169,000 | ' | 5,481,000 | 3,753,000 | ' | ' |
Non-Graded, Allowance | 23,485,000 | ' | 23,984,000 | 35,453,000 | ' | ' |
Allowance For Financing Receivable Total | 27,654,000 | ' | 29,465,000 | 39,206,000 | ' | ' |
Residential Mortgage [Member] | Performing [Member] | ' | ' | ' | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' | ' | ' | ' |
Internally Risk Graded, Recorded Investment | 197,005,000 | ' | 210,142,000 | 219,222,000 | ' | ' |
Non-Graded, Recorded Investment | 1,764,683,000 | ' | 1,796,281,000 | 1,775,240,000 | ' | ' |
Residential Mortgage [Member] | Potential Problem [Member] | ' | ' | ' | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' | ' | ' | ' |
Internally Risk Graded, Recorded Investment | 2,187,000 | ' | 3,283,000 | 4,789,000 | ' | ' |
Residential Mortgage [Member] | Nonaccrual [Member] | ' | ' | ' | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' | ' | ' | ' |
Internally Risk Graded, Recorded Investment | 3,905,000 | ' | 7,210,000 | 6,348,000 | ' | ' |
Non-Graded, Recorded Investment | 40,435,000 | ' | 35,110,000 | 34,186,000 | ' | ' |
Permanent mortage [Member] | ' | ' | ' | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' | ' | ' | ' |
Total | 1,020,928,000 | ' | 1,062,744,000 | 1,095,871,000 | ' | ' |
Permanent mortage [Member] | Performing [Member] | ' | ' | ' | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' | ' | ' | ' |
Internally Risk Graded, Recorded Investment | 197,005,000 | ' | 210,142,000 | 219,222,000 | ' | ' |
Non-Graded, Recorded Investment | 788,784,000 | ' | 815,040,000 | 839,113,000 | ' | ' |
Permanent mortage [Member] | Potential Problem [Member] | ' | ' | ' | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' | ' | ' | ' |
Internally Risk Graded, Recorded Investment | 2,187,000 | ' | 3,283,000 | 4,789,000 | ' | ' |
Permanent mortage [Member] | Nonaccrual [Member] | ' | ' | ' | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' | ' | ' | ' |
Internally Risk Graded, Recorded Investment | 3,905,000 | ' | 7,210,000 | 6,348,000 | ' | ' |
Non-Graded, Recorded Investment | 29,047,000 | ' | 27,069,000 | 26,399,000 | ' | ' |
Permanent mortgages guaranteed by US govenment agencies [Member] | ' | ' | ' | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' | ' | ' | ' |
Total | 188,087,000 | ' | 181,598,000 | 156,887,000 | ' | ' |
Permanent mortgages guaranteed by US govenment agencies [Member] | Performing [Member] | ' | ' | ' | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' | ' | ' | ' |
Internally Risk Graded, Recorded Investment | 0 | ' | 0 | 0 | ' | ' |
Non-Graded, Recorded Investment | 186,140,000 | ' | 180,821,000 | 156,804,000 | ' | ' |
Permanent mortgages guaranteed by US govenment agencies [Member] | Potential Problem [Member] | ' | ' | ' | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' | ' | ' | ' |
Internally Risk Graded, Recorded Investment | 0 | ' | 0 | 0 | ' | ' |
Permanent mortgages guaranteed by US govenment agencies [Member] | Nonaccrual [Member] | ' | ' | ' | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' | ' | ' | ' |
Internally Risk Graded, Recorded Investment | 0 | ' | 0 | 0 | ' | ' |
Non-Graded, Recorded Investment | 1,947,000 | ' | 777,000 | 83,000 | ' | ' |
Home equity {Member] | ' | ' | ' | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' | ' | ' | ' |
Total | 799,200,000 | ' | 807,684,000 | 787,027,000 | ' | ' |
Home equity {Member] | Performing [Member] | ' | ' | ' | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' | ' | ' | ' |
Internally Risk Graded, Recorded Investment | 0 | ' | 0 | 0 | ' | ' |
Non-Graded, Recorded Investment | 789,759,000 | ' | 800,420,000 | 779,323,000 | ' | ' |
Home equity {Member] | Potential Problem [Member] | ' | ' | ' | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' | ' | ' | ' |
Internally Risk Graded, Recorded Investment | 0 | ' | 0 | 0 | ' | ' |
Home equity {Member] | Nonaccrual [Member] | ' | ' | ' | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' | ' | ' | ' |
Internally Risk Graded, Recorded Investment | 0 | ' | 0 | 0 | ' | ' |
Non-Graded, Recorded Investment | 9,441,000 | ' | 7,264,000 | 7,704,000 | ' | ' |
Consumer [Member] | ' | ' | ' | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' | ' | ' | ' |
Internally Risk Graded, Recorded Investment | 295,762,000 | ' | 265,533,000 | 243,384,000 | ' | ' |
Non-Graded, Recorded Investment | 100,242,000 | ' | 116,131,000 | 132,397,000 | ' | ' |
Total | 396,004,000 | ' | 381,664,000 | 375,781,000 | ' | ' |
Related Allowance [Abstract] | ' | ' | ' | ' | ' | ' |
Internally Risk Graded, Allowance | 2,980,000 | ' | 2,657,000 | 2,316,000 | ' | ' |
Non-Graded, Allowance | 4,049,000 | ' | 4,308,000 | 5,422,000 | ' | ' |
Allowance For Financing Receivable Total | 7,029,000 | ' | 6,965,000 | 7,738,000 | ' | ' |
Consumer [Member] | Performing [Member] | ' | ' | ' | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' | ' | ' | ' |
Internally Risk Graded, Recorded Investment | 295,552,000 | ' | 264,536,000 | 242,059,000 | ' | ' |
Non-Graded, Recorded Investment | 99,662,000 | ' | 115,114,000 | 130,755,000 | ' | ' |
Consumer [Member] | Potential Problem [Member] | ' | ' | ' | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' | ' | ' | ' |
Internally Risk Graded, Recorded Investment | 25,000 | ' | 795,000 | 930,000 | ' | ' |
Consumer [Member] | Nonaccrual [Member] | ' | ' | ' | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' | ' | ' | ' |
Internally Risk Graded, Recorded Investment | 185,000 | ' | 202,000 | 395,000 | ' | ' |
Non-Graded, Recorded Investment | 580,000 | ' | 1,017,000 | 1,642,000 | ' | ' |
Specific Allowance [Member] | ' | ' | ' | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' | ' | ' | ' |
Internally Risk Graded, Recorded Investment | 11,494,951,000 | ' | 10,789,740,000 | 10,480,793,000 | ' | ' |
Non-Graded, Recorded Investment | 1,931,907,000 | ' | 2,002,524,000 | 1,959,989,000 | ' | ' |
Total | 13,426,858,000 | ' | 12,792,264,000 | 12,440,782,000 | ' | ' |
Related Allowance [Abstract] | ' | ' | ' | ' | ' | ' |
Internally Risk Graded, Allowance | 135,294,000 | ' | 127,961,000 | 118,586,000 | ' | ' |
Non-Graded, Allowance | 28,447,000 | ' | 29,222,000 | 42,089,000 | ' | ' |
Allowance For Financing Receivable Total | 163,741,000 | ' | 157,183,000 | 160,675,000 | ' | ' |
Nonspecific Allowance [Member] | ' | ' | ' | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' | ' | ' | ' |
Internally Risk Graded, Recorded Investment | 0 | ' | 0 | 0 | ' | ' |
Non-Graded, Recorded Investment | 0 | ' | 0 | 0 | ' | ' |
Total | 0 | ' | 0 | 0 | ' | ' |
Related Allowance [Abstract] | ' | ' | ' | ' | ' | ' |
Internally Risk Graded, Allowance | 0 | ' | 0 | 0 | ' | ' |
Non-Graded, Allowance | 0 | ' | 0 | 0 | ' | ' |
Allowance For Financing Receivable Total | $26,949,000 | $26,965,000 | $28,213,000 | $42,449,000 | $42,812,000 | $44,187,000 |
Loans_and_Allowances_for_Credi4
Loans and Allowances for Credit Losses Part 4 (Details) (USD $) | 3 Months Ended | 6 Months Ended | ||||||||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2013 | |||||
Impaired loans [Abstract] | ' | ' | ' | ' | ' | |||||
Impaired loans, unpaid principal balance | $329,665 | $321,435 | $329,665 | $321,435 | $319,534 | |||||
Impaired loans, recorded investment, total | 282,820 | 278,937 | 282,820 | 278,937 | 281,970 | |||||
Impaired loans, recorded investment with no related allowance | 278,076 | 273,210 | 278,076 | 273,210 | 279,827 | |||||
Impaired loans, recorded investment with related allowance | 4,744 | 5,727 | 4,744 | 5,727 | 2,143 | |||||
Impaired loans, related allowance | 3,433 | 2,044 | 3,433 | 2,044 | 954 | |||||
Impaired loans, average recorded investment | 286,438 | 285,277 | 284,799 | 290,244 | ' | |||||
Impaired loans, interest income recognized | 2,347 | 1,913 | 4,828 | 4,011 | ' | |||||
Commercial [Member] | ' | ' | ' | ' | ' | |||||
Impaired loans [Abstract] | ' | ' | ' | ' | ' | |||||
Impaired loans, unpaid principal balance | 34,012 | 35,747 | 34,012 | 35,747 | 30,826 | |||||
Impaired loans, recorded investment, total | 17,103 | 20,869 | 17,103 | 20,869 | 16,760 | |||||
Impaired loans, recorded investment with no related allowance | 13,319 | 19,612 | 13,319 | 19,612 | 15,549 | |||||
Impaired loans, recorded investment with related allowance | 3,784 | 1,257 | 3,784 | 1,257 | 1,211 | |||||
Impaired loans, related allowance | 3,167 | 552 | 3,167 | 552 | 573 | |||||
Impaired loans, average recorded investment | 18,075 | 20,366 | 16,931 | 22,670 | ' | |||||
Impaired loans, interest income recognized | 0 | 0 | 0 | 0 | ' | |||||
Energy [Member] | ' | ' | ' | ' | ' | |||||
Impaired loans [Abstract] | ' | ' | ' | ' | ' | |||||
Impaired loans, unpaid principal balance | 1,646 | 2,277 | 1,646 | 2,277 | 1,860 | |||||
Impaired loans, recorded investment, total | 1,619 | 2,277 | 1,619 | 2,277 | 1,860 | |||||
Impaired loans, recorded investment with no related allowance | 1,619 | 2,277 | 1,619 | 2,277 | 1,860 | |||||
Impaired loans, recorded investment with related allowance | 0 | 0 | 0 | 0 | 0 | |||||
Impaired loans, related allowance | 0 | 0 | 0 | 0 | 0 | |||||
Impaired loans, average recorded investment | 1,689 | 2,327 | 1,739 | 2,369 | ' | |||||
Impaired loans, interest income recognized | 0 | 0 | 0 | 0 | ' | |||||
Services [Member] | ' | ' | ' | ' | ' | |||||
Impaired loans [Abstract] | ' | ' | ' | ' | ' | |||||
Impaired loans, unpaid principal balance | 6,530 | 9,631 | 6,530 | 9,631 | 6,486 | |||||
Impaired loans, recorded investment, total | 3,669 | 7,448 | 3,669 | 7,448 | 4,922 | |||||
Impaired loans, recorded investment with no related allowance | 2,917 | 6,283 | 2,917 | 6,283 | 3,791 | |||||
Impaired loans, recorded investment with related allowance | 752 | 1,165 | 752 | 1,165 | 1,131 | |||||
Impaired loans, related allowance | 158 | 493 | 158 | 493 | 516 | |||||
Impaired loans, average recorded investment | 4,125 | 8,461 | 4,295 | 9,769 | ' | |||||
Impaired loans, interest income recognized | 0 | 0 | 0 | 0 | ' | |||||
Wholesale/retail [Member] | ' | ' | ' | ' | ' | |||||
Impaired loans [Abstract] | ' | ' | ' | ' | ' | |||||
Impaired loans, unpaid principal balance | 10,966 | 10,916 | 10,966 | 10,916 | 11,009 | |||||
Impaired loans, recorded investment, total | 5,885 | 6,700 | 5,885 | 6,700 | 6,969 | |||||
Impaired loans, recorded investment with no related allowance | 5,853 | 6,656 | 5,853 | 6,656 | 6,937 | |||||
Impaired loans, recorded investment with related allowance | 32 | 44 | 32 | 44 | 32 | |||||
Impaired loans, related allowance | 9 | 11 | 9 | 11 | 9 | |||||
Impaired loans, average recorded investment | 6,369 | 4,470 | 6,427 | 4,889 | ' | |||||
Impaired loans, interest income recognized | 0 | 0 | 0 | 0 | ' | |||||
Healthcare [Member] | ' | ' | ' | ' | ' | |||||
Impaired loans [Abstract] | ' | ' | ' | ' | ' | |||||
Impaired loans, unpaid principal balance | 2,438 | 3,357 | 2,438 | 3,357 | 2,193 | |||||
Impaired loans, recorded investment, total | 1,422 | 2,670 | 1,422 | 2,670 | 1,586 | |||||
Impaired loans, recorded investment with no related allowance | 1,422 | 2,622 | 1,422 | 2,622 | 1,538 | |||||
Impaired loans, recorded investment with related allowance | 0 | 48 | 0 | 48 | 48 | |||||
Impaired loans, related allowance | 0 | 48 | 0 | 48 | 48 | |||||
Impaired loans, average recorded investment | 1,433 | 2,816 | 1,504 | 2,918 | ' | |||||
Impaired loans, interest income recognized | 0 | 0 | 0 | 0 | ' | |||||
Manufacturing [Member] | ' | ' | ' | ' | ' | |||||
Impaired loans [Abstract] | ' | ' | ' | ' | ' | |||||
Impaired loans, unpaid principal balance | 3,764 | 1,168 | 3,764 | 1,168 | 746 | |||||
Impaired loans, recorded investment, total | 3,507 | 876 | 3,507 | 876 | 592 | |||||
Impaired loans, recorded investment with no related allowance | 507 | 876 | 507 | 876 | 592 | |||||
Impaired loans, recorded investment with related allowance | 3,000 | 0 | 3,000 | 0 | 0 | |||||
Impaired loans, related allowance | 3,000 | 0 | 3,000 | 0 | 0 | |||||
Impaired loans, average recorded investment | 3,536 | 1,362 | 2,050 | 1,442 | ' | |||||
Impaired loans, interest income recognized | 0 | 0 | 0 | 0 | ' | |||||
Other commercial and industrial [Member] | ' | ' | ' | ' | ' | |||||
Impaired loans [Abstract] | ' | ' | ' | ' | ' | |||||
Impaired loans, unpaid principal balance | 8,668 | 8,398 | 8,668 | 8,398 | 8,532 | |||||
Impaired loans, recorded investment, total | 1,001 | 898 | 1,001 | 898 | 831 | |||||
Impaired loans, recorded investment with no related allowance | 1,001 | 898 | 1,001 | 898 | 831 | |||||
Impaired loans, recorded investment with related allowance | 0 | 0 | 0 | 0 | 0 | |||||
Impaired loans, related allowance | 0 | 0 | 0 | 0 | 0 | |||||
Impaired loans, average recorded investment | 923 | 930 | 916 | 1,283 | ' | |||||
Impaired loans, interest income recognized | 0 | 0 | 0 | 0 | ' | |||||
Commercial Real Estate [Member] | ' | ' | ' | ' | ' | |||||
Impaired loans [Abstract] | ' | ' | ' | ' | ' | |||||
Impaired loans, unpaid principal balance | 49,566 | 67,467 | 49,566 | 67,467 | 49,637 | |||||
Impaired loans, recorded investment, total | 34,472 | 58,693 | 34,472 | 58,693 | 40,850 | |||||
Impaired loans, recorded investment with no related allowance | 33,647 | 54,595 | 33,647 | 54,595 | 40,328 | |||||
Impaired loans, recorded investment with related allowance | 825 | 4,098 | 825 | 4,098 | 522 | |||||
Impaired loans, related allowance | 183 | 1,194 | 183 | 1,194 | 133 | |||||
Impaired loans, average recorded investment | 36,888 | 61,936 | 37,661 | 59,661 | ' | |||||
Impaired loans, interest income recognized | 0 | 0 | 0 | 0 | ' | |||||
Residential construction and land development [Member] | ' | ' | ' | ' | ' | |||||
Impaired loans [Abstract] | ' | ' | ' | ' | ' | |||||
Impaired loans, unpaid principal balance | 19,441 | 24,752 | 19,441 | 24,752 | 20,804 | |||||
Impaired loans, recorded investment, total | 15,146 | 21,135 | 15,146 | 21,135 | 17,377 | |||||
Impaired loans, recorded investment with no related allowance | 14,504 | 20,841 | 14,504 | 20,841 | 17,050 | |||||
Impaired loans, recorded investment with related allowance | 642 | 294 | 642 | 294 | 327 | |||||
Impaired loans, related allowance | 162 | 102 | 162 | 102 | 107 | |||||
Impaired loans, average recorded investment | 15,846 | 22,299 | 16,261 | 23,633 | ' | |||||
Impaired loans, interest income recognized | 0 | 0 | 0 | 0 | ' | |||||
Retail [Member] | ' | ' | ' | ' | ' | |||||
Impaired loans [Abstract] | ' | ' | ' | ' | ' | |||||
Impaired loans, unpaid principal balance | 5,679 | 9,827 | 5,679 | 9,827 | 6,133 | |||||
Impaired loans, recorded investment, total | 4,199 | 8,406 | 4,199 | 8,406 | 4,857 | |||||
Impaired loans, recorded investment with no related allowance | 4,199 | 8,406 | 4,199 | 8,406 | 4,857 | |||||
Impaired loans, recorded investment with related allowance | 0 | 0 | 0 | 0 | 0 | |||||
Impaired loans, related allowance | 0 | 0 | 0 | 0 | 0 | |||||
Impaired loans, average recorded investment | 4,413 | 8,664 | 4,529 | 8,262 | ' | |||||
Impaired loans, interest income recognized | 0 | 0 | 0 | 0 | ' | |||||
Office [Member] | ' | ' | ' | ' | ' | |||||
Impaired loans [Abstract] | ' | ' | ' | ' | ' | |||||
Impaired loans, unpaid principal balance | 6,039 | 9,245 | 6,039 | 9,245 | 7,848 | |||||
Impaired loans, recorded investment, total | 3,591 | 7,828 | 3,591 | 7,828 | 6,391 | |||||
Impaired loans, recorded investment with no related allowance | 3,588 | 7,820 | 3,588 | 7,820 | 6,383 | |||||
Impaired loans, recorded investment with related allowance | 3 | 8 | 3 | 8 | 8 | |||||
Impaired loans, related allowance | 3 | 8 | 3 | 8 | 8 | |||||
Impaired loans, average recorded investment | 4,946 | 10,340 | 4,991 | 7,329 | ' | |||||
Impaired loans, interest income recognized | 0 | 0 | 0 | 0 | ' | |||||
Multifamily [Member] | ' | ' | ' | ' | ' | |||||
Impaired loans [Abstract] | ' | ' | ' | ' | ' | |||||
Impaired loans, unpaid principal balance | 0 | 6,447 | 0 | 6,447 | 7 | |||||
Impaired loans, recorded investment, total | 0 | 6,447 | 0 | 6,447 | 7 | |||||
Impaired loans, recorded investment with no related allowance | 0 | 4,415 | 0 | 4,415 | 7 | |||||
Impaired loans, recorded investment with related allowance | 0 | 2,032 | 0 | 2,032 | 0 | |||||
Impaired loans, related allowance | 0 | 196 | 0 | 196 | 0 | |||||
Impaired loans, average recorded investment | 0 | 5,474 | 3 | 4,577 | ' | |||||
Impaired loans, interest income recognized | 0 | 0 | 0 | 0 | ' | |||||
Industrial [Member] | ' | ' | ' | ' | ' | |||||
Impaired loans [Abstract] | ' | ' | ' | ' | ' | |||||
Impaired loans, unpaid principal balance | 790 | 0 | 790 | 0 | 252 | |||||
Impaired loans, recorded investment, total | 631 | 0 | 631 | 0 | 252 | |||||
Impaired loans, recorded investment with no related allowance | 631 | 0 | 631 | 0 | 252 | |||||
Impaired loans, recorded investment with related allowance | 0 | 0 | 0 | 0 | 0 | |||||
Impaired loans, related allowance | 0 | 0 | 0 | 0 | 0 | |||||
Impaired loans, average recorded investment | 758 | 1,099 | 441 | 1,984 | ' | |||||
Impaired loans, interest income recognized | 0 | 0 | 0 | 0 | ' | |||||
Other commercial real estate [Member] | ' | ' | ' | ' | ' | |||||
Impaired loans [Abstract] | ' | ' | ' | ' | ' | |||||
Impaired loans, unpaid principal balance | 17,617 | 17,196 | 17,617 | 17,196 | 14,593 | |||||
Impaired loans, recorded investment, total | 10,905 | 14,877 | 10,905 | 14,877 | 11,966 | |||||
Impaired loans, recorded investment with no related allowance | 10,725 | 13,113 | 10,725 | 13,113 | 11,779 | |||||
Impaired loans, recorded investment with related allowance | 180 | 1,764 | 180 | 1,764 | 187 | |||||
Impaired loans, related allowance | 18 | 888 | 18 | 888 | 18 | |||||
Impaired loans, average recorded investment | 10,925 | 14,060 | 11,436 | 13,876 | ' | |||||
Impaired loans, interest income recognized | 0 | 0 | 0 | 0 | ' | |||||
Residential Mortgage [Member] | ' | ' | ' | ' | ' | |||||
Impaired loans [Abstract] | ' | ' | ' | ' | ' | |||||
Impaired loans, unpaid principal balance | 245,306 | 216,118 | 245,306 | 216,118 | 237,843 | |||||
Impaired loans, recorded investment, total | 230,480 | 197,338 | 230,480 | 197,338 | 223,141 | |||||
Impaired loans, recorded investment with no related allowance | 230,345 | 197,086 | 230,345 | 197,086 | 222,731 | |||||
Impaired loans, recorded investment with related allowance | 135 | 252 | 135 | 252 | 410 | |||||
Impaired loans, related allowance | 83 | 178 | 83 | 178 | 248 | |||||
Impaired loans, average recorded investment | 230,605 | 200,870 | 229,215 | 205,540 | ' | |||||
Impaired loans, interest income recognized | 2,347 | 1,913 | 4,828 | 4,011 | ' | |||||
Permanent mortage [Member] | ' | ' | ' | ' | ' | |||||
Impaired loans [Abstract] | ' | ' | ' | ' | ' | |||||
Impaired loans, unpaid principal balance | 41,646 | 42,983 | 41,646 | 42,983 | 41,870 | |||||
Impaired loans, recorded investment, total | 32,952 | 32,747 | 32,952 | 32,747 | 34,279 | |||||
Impaired loans, recorded investment with no related allowance | 32,817 | 32,495 | 32,817 | 32,495 | 33,869 | |||||
Impaired loans, recorded investment with related allowance | 135 | 252 | 135 | 252 | 410 | |||||
Impaired loans, related allowance | 83 | 178 | 83 | 178 | 248 | |||||
Impaired loans, average recorded investment | 34,647 | 35,450 | 33,615 | 36,304 | ' | |||||
Impaired loans, interest income recognized | 293 | 285 | 638 | 603 | ' | |||||
Permanent mortgages guaranteed by US govenment agencies [Member] | ' | ' | ' | ' | ' | |||||
Impaired loans [Abstract] | ' | ' | ' | ' | ' | |||||
Impaired loans, unpaid principal balance | 194,178 | [1] | 165,431 | [2] | 194,178 | [1] | 165,431 | [2] | 188,436 | [3] |
Impaired loans, recorded investment, total | 188,087 | [1] | 156,887 | [2] | 188,087 | [1] | 156,887 | [2] | 181,598 | [3] |
Impaired loans, recorded investment with no related allowance | 188,087 | [1] | 156,887 | [2] | 188,087 | [1] | 156,887 | [2] | 181,598 | [3] |
Impaired loans, recorded investment with related allowance | 0 | [1] | 0 | [2] | 0 | [1] | 0 | [2] | 0 | [3] |
Impaired loans, related allowance | 0 | [1] | 0 | [2] | 0 | [1] | 0 | [2] | 0 | [3] |
Impaired loans, average recorded investment | 187,505 | [1] | 158,038 | [2] | 187,247 | [1] | 162,256 | [2] | ' | |
Impaired loans, interest income recognized | 2,054 | [1] | 1,628 | [2] | 4,190 | [1] | 3,408 | [2] | ' | |
Home equity {Member] | ' | ' | ' | ' | ' | |||||
Impaired loans [Abstract] | ' | ' | ' | ' | ' | |||||
Impaired loans, unpaid principal balance | 9,482 | 7,704 | 9,482 | 7,704 | 7,537 | |||||
Impaired loans, recorded investment, total | 9,441 | 7,704 | 9,441 | 7,704 | 7,264 | |||||
Impaired loans, recorded investment with no related allowance | 9,441 | 7,704 | 9,441 | 7,704 | 7,264 | |||||
Impaired loans, recorded investment with related allowance | 0 | 0 | 0 | 0 | 0 | |||||
Impaired loans, related allowance | 0 | 0 | 0 | 0 | 0 | |||||
Impaired loans, average recorded investment | 8,453 | 7,382 | 8,353 | 6,980 | ' | |||||
Impaired loans, interest income recognized | 0 | 0 | 0 | 0 | ' | |||||
Consumer [Member] | ' | ' | ' | ' | ' | |||||
Impaired loans [Abstract] | ' | ' | ' | ' | ' | |||||
Impaired loans, unpaid principal balance | 781 | 2,103 | 781 | 2,103 | 1,228 | |||||
Impaired loans, recorded investment, total | 765 | 2,037 | 765 | 2,037 | 1,219 | |||||
Impaired loans, recorded investment with no related allowance | 765 | 1,917 | 765 | 1,917 | 1,219 | |||||
Impaired loans, recorded investment with related allowance | 0 | 120 | 0 | 120 | 0 | |||||
Impaired loans, related allowance | 0 | 120 | 0 | 120 | 0 | |||||
Impaired loans, average recorded investment | 870 | 2,105 | 992 | 2,373 | ' | |||||
Impaired loans, interest income recognized | $0 | $0 | $0 | $0 | ' | |||||
[1] | All permanent mortgage loans guaranteed by U.S. government agencies are considered impaired as we do not expect full collection of contractual principal and interest. At June 30, 2014, $1.9 million of these loans were nonaccruing and $186 million were accruing based on the guarantee by U.S. government agencies. | |||||||||
[2] | All permanent mortgage loans guaranteed by U.S. government agencies are considered impaired as we do not expect full collection of contractual principal and interest. At June 30, 2013, $83 thousand of these loans were nonaccruing and $157 million were accruing based on the guarantee by U.S. government agencies. | |||||||||
[3] | All permanent mortgage loans guaranteed by U.S. government agencies are considered impaired as we do not expect full collection of contractual principal and interest. At December 31, 2013, $777 thousand of these loans were nonaccruing and $181 million were accruing based on the guarantee by U.S. government agencies. |
Loans_and_Allowances_for_Credi5
Loans and Allowances for Credit Losses Part 5 (Details) (USD $) | 3 Months Ended | 6 Months Ended | |||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2013 |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' |
Troubled Debt Restructuring, Recorded Investment | $109,855 | $109,050 | $109,855 | $109,050 | $106,281 |
Troubled Debt Restructuring, Performing in Accordance With Modified Terms | 46,904 | 38,768 | 46,904 | 38,768 | 42,343 |
Troubled Debt Restructuring, Not Performing in Accordance With Modified Terms | 62,951 | 70,282 | 62,951 | 70,282 | 63,938 |
Troubled Debt Restructuring, Specific allowance | 3,402 | 395 | 3,402 | 395 | 441 |
Financing Receivables, Impaired, Troubled Debt Restructuring, Charge-offs | 160 | 208 | 174 | 1,176 | ' |
Nonaccrual [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' |
Troubled Debt Restructuring, Recorded Investment | 52,037 | 60,317 | 52,037 | 60,317 | 51,959 |
Troubled Debt Restructuring, Performing in Accordance With Modified Terms | 29,635 | 26,170 | 29,635 | 26,170 | 28,959 |
Troubled Debt Restructuring, Not Performing in Accordance With Modified Terms | 22,402 | 34,147 | 22,402 | 34,147 | 23,000 |
Troubled Debt Restructuring, Specific allowance | 3,402 | 395 | 3,402 | 395 | 441 |
Financing Receivables, Impaired, Troubled Debt Restructuring, Charge-offs | 160 | 208 | 174 | 1,176 | ' |
Commercial [Member] | Nonaccrual [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' |
Troubled Debt Restructuring, Recorded Investment | 9,576 | 4,993 | 9,576 | 4,993 | 3,632 |
Troubled Debt Restructuring, Performing in Accordance With Modified Terms | 4,763 | 1,867 | 4,763 | 1,867 | 1,114 |
Troubled Debt Restructuring, Not Performing in Accordance With Modified Terms | 4,813 | 3,126 | 4,813 | 3,126 | 2,518 |
Troubled Debt Restructuring, Specific allowance | 3,157 | 240 | 3,157 | 240 | 246 |
Financing Receivables, Impaired, Troubled Debt Restructuring, Charge-offs | 0 | 0 | 0 | 0 | ' |
Energy [Member] | Nonaccrual [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' |
Troubled Debt Restructuring, Recorded Investment | 0 | 0 | 0 | 0 | 0 |
Troubled Debt Restructuring, Performing in Accordance With Modified Terms | 0 | 0 | 0 | 0 | 0 |
Troubled Debt Restructuring, Not Performing in Accordance With Modified Terms | 0 | 0 | 0 | 0 | 0 |
Troubled Debt Restructuring, Specific allowance | 0 | 0 | 0 | 0 | 0 |
Financing Receivables, Impaired, Troubled Debt Restructuring, Charge-offs | 0 | 0 | 0 | 0 | ' |
Services [Member] | Nonaccrual [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' |
Troubled Debt Restructuring, Recorded Investment | 1,762 | 3,065 | 1,762 | 3,065 | 2,235 |
Troubled Debt Restructuring, Performing in Accordance With Modified Terms | 742 | 710 | 742 | 710 | 852 |
Troubled Debt Restructuring, Not Performing in Accordance With Modified Terms | 1,020 | 2,355 | 1,020 | 2,355 | 1,383 |
Troubled Debt Restructuring, Specific allowance | 148 | 228 | 148 | 228 | 237 |
Financing Receivables, Impaired, Troubled Debt Restructuring, Charge-offs | 0 | 0 | 0 | 0 | ' |
Wholesale/retail [Member] | Nonaccrual [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' |
Troubled Debt Restructuring, Recorded Investment | 3,719 | 1,107 | 3,719 | 1,107 | 235 |
Troubled Debt Restructuring, Performing in Accordance With Modified Terms | 3,598 | 968 | 3,598 | 968 | 89 |
Troubled Debt Restructuring, Not Performing in Accordance With Modified Terms | 121 | 139 | 121 | 139 | 146 |
Troubled Debt Restructuring, Specific allowance | 9 | 12 | 9 | 12 | 9 |
Financing Receivables, Impaired, Troubled Debt Restructuring, Charge-offs | 0 | 0 | 0 | 0 | ' |
Manufacturing [Member] | Nonaccrual [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' |
Troubled Debt Restructuring, Recorded Investment | 3,369 | 0 | 3,369 | 0 | 391 |
Troubled Debt Restructuring, Performing in Accordance With Modified Terms | 369 | 0 | 369 | 0 | 0 |
Troubled Debt Restructuring, Not Performing in Accordance With Modified Terms | 3,000 | 0 | 3,000 | 0 | 391 |
Troubled Debt Restructuring, Specific allowance | 3,000 | 0 | 3,000 | 0 | 0 |
Financing Receivables, Impaired, Troubled Debt Restructuring, Charge-offs | 0 | 0 | 0 | 0 | ' |
Healthcare [Member] | Nonaccrual [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' |
Troubled Debt Restructuring, Recorded Investment | 0 | 0 | 0 | 0 | 0 |
Troubled Debt Restructuring, Performing in Accordance With Modified Terms | 0 | 0 | 0 | 0 | 0 |
Troubled Debt Restructuring, Not Performing in Accordance With Modified Terms | 0 | 0 | 0 | 0 | 0 |
Troubled Debt Restructuring, Specific allowance | 0 | 0 | 0 | 0 | 0 |
Financing Receivables, Impaired, Troubled Debt Restructuring, Charge-offs | 0 | 0 | 0 | 0 | ' |
Other commercial and industrial [Member] | Nonaccrual [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' |
Troubled Debt Restructuring, Recorded Investment | 726 | 821 | 726 | 821 | 771 |
Troubled Debt Restructuring, Performing in Accordance With Modified Terms | 54 | 189 | 54 | 189 | 173 |
Troubled Debt Restructuring, Not Performing in Accordance With Modified Terms | 672 | 632 | 672 | 632 | 598 |
Troubled Debt Restructuring, Specific allowance | 0 | 0 | 0 | 0 | 0 |
Financing Receivables, Impaired, Troubled Debt Restructuring, Charge-offs | 0 | 0 | 0 | 0 | ' |
Commercial Real Estate [Member] | Nonaccrual [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' |
Troubled Debt Restructuring, Recorded Investment | 18,738 | 32,639 | 18,738 | 32,639 | 24,577 |
Troubled Debt Restructuring, Performing in Accordance With Modified Terms | 8,724 | 8,798 | 8,724 | 8,798 | 11,342 |
Troubled Debt Restructuring, Not Performing in Accordance With Modified Terms | 10,014 | 23,841 | 10,014 | 23,841 | 13,235 |
Troubled Debt Restructuring, Specific allowance | 162 | 23 | 162 | 23 | 107 |
Financing Receivables, Impaired, Troubled Debt Restructuring, Charge-offs | 0 | 131 | 0 | 758 | ' |
Residential construction and land development [Member] | Nonaccrual [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' |
Troubled Debt Restructuring, Recorded Investment | 9,482 | 11,734 | 9,482 | 11,734 | 10,148 |
Troubled Debt Restructuring, Performing in Accordance With Modified Terms | 1,622 | 1,934 | 1,622 | 1,934 | 1,444 |
Troubled Debt Restructuring, Not Performing in Accordance With Modified Terms | 7,860 | 9,800 | 7,860 | 9,800 | 8,704 |
Troubled Debt Restructuring, Specific allowance | 162 | 23 | 162 | 23 | 107 |
Financing Receivables, Impaired, Troubled Debt Restructuring, Charge-offs | 0 | 54 | 0 | 54 | ' |
Retail [Member] | Nonaccrual [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' |
Troubled Debt Restructuring, Recorded Investment | 3,727 | 5,681 | 3,727 | 5,681 | 4,359 |
Troubled Debt Restructuring, Performing in Accordance With Modified Terms | 2,535 | 1,604 | 2,535 | 1,604 | 3,141 |
Troubled Debt Restructuring, Not Performing in Accordance With Modified Terms | 1,192 | 4,077 | 1,192 | 4,077 | 1,218 |
Troubled Debt Restructuring, Specific allowance | 0 | 0 | 0 | 0 | 0 |
Financing Receivables, Impaired, Troubled Debt Restructuring, Charge-offs | 0 | 0 | 0 | 627 | ' |
Office [Member] | Nonaccrual [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' |
Troubled Debt Restructuring, Recorded Investment | 2,378 | 5,488 | 2,378 | 5,488 | 5,059 |
Troubled Debt Restructuring, Performing in Accordance With Modified Terms | 1,416 | 1,313 | 1,416 | 1,313 | 3,872 |
Troubled Debt Restructuring, Not Performing in Accordance With Modified Terms | 962 | 4,175 | 962 | 4,175 | 1,187 |
Troubled Debt Restructuring, Specific allowance | 0 | 0 | 0 | 0 | 0 |
Financing Receivables, Impaired, Troubled Debt Restructuring, Charge-offs | 0 | 77 | 0 | 77 | ' |
Multifamily [Member] | Nonaccrual [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' |
Troubled Debt Restructuring, Recorded Investment | 0 | 990 | 0 | 990 | 0 |
Troubled Debt Restructuring, Performing in Accordance With Modified Terms | 0 | 208 | 0 | 208 | 0 |
Troubled Debt Restructuring, Not Performing in Accordance With Modified Terms | 0 | 782 | 0 | 782 | 0 |
Troubled Debt Restructuring, Specific allowance | 0 | 0 | 0 | 0 | 0 |
Financing Receivables, Impaired, Troubled Debt Restructuring, Charge-offs | 0 | 0 | 0 | 0 | ' |
Industrial [Member] | Nonaccrual [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' |
Troubled Debt Restructuring, Recorded Investment | 0 | 0 | 0 | 0 | 0 |
Troubled Debt Restructuring, Performing in Accordance With Modified Terms | 0 | 0 | 0 | 0 | 0 |
Troubled Debt Restructuring, Not Performing in Accordance With Modified Terms | 0 | 0 | 0 | 0 | 0 |
Troubled Debt Restructuring, Specific allowance | 0 | 0 | 0 | 0 | 0 |
Financing Receivables, Impaired, Troubled Debt Restructuring, Charge-offs | 0 | 0 | 0 | 0 | ' |
Other commercial real estate [Member] | Nonaccrual [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' |
Troubled Debt Restructuring, Recorded Investment | 3,151 | 8,746 | 3,151 | 8,746 | 5,011 |
Troubled Debt Restructuring, Performing in Accordance With Modified Terms | 3,151 | 3,739 | 3,151 | 3,739 | 2,885 |
Troubled Debt Restructuring, Not Performing in Accordance With Modified Terms | 0 | 5,007 | 0 | 5,007 | 2,126 |
Troubled Debt Restructuring, Specific allowance | 0 | 0 | 0 | 0 | 0 |
Financing Receivables, Impaired, Troubled Debt Restructuring, Charge-offs | 0 | 0 | 0 | 0 | ' |
Residential Mortgage [Member] | Nonaccrual [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' |
Troubled Debt Restructuring, Recorded Investment | 23,113 | 21,143 | 23,113 | 21,143 | 22,742 |
Troubled Debt Restructuring, Performing in Accordance With Modified Terms | 15,708 | 14,181 | 15,708 | 14,181 | 15,745 |
Troubled Debt Restructuring, Not Performing in Accordance With Modified Terms | 7,405 | 6,962 | 7,405 | 6,962 | 6,997 |
Troubled Debt Restructuring, Specific allowance | 83 | 54 | 83 | 54 | 88 |
Financing Receivables, Impaired, Troubled Debt Restructuring, Charge-offs | 159 | 77 | 173 | 417 | ' |
Permanent mortage [Member] | Nonaccrual [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' |
Troubled Debt Restructuring, Recorded Investment | 17,182 | 17,639 | 17,182 | 17,639 | 18,697 |
Troubled Debt Restructuring, Performing in Accordance With Modified Terms | 11,605 | 10,917 | 11,605 | 10,917 | 12,214 |
Troubled Debt Restructuring, Not Performing in Accordance With Modified Terms | 5,577 | 6,722 | 5,577 | 6,722 | 6,483 |
Troubled Debt Restructuring, Specific allowance | 83 | 54 | 83 | 54 | 88 |
Financing Receivables, Impaired, Troubled Debt Restructuring, Charge-offs | 107 | 8 | 108 | 348 | ' |
Permanent mortgages guaranteed by US govenment agencies [Member] | Nonaccrual [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' |
Troubled Debt Restructuring, Recorded Investment | 855 | ' | 855 | ' | ' |
Troubled Debt Restructuring, Performing in Accordance With Modified Terms | 180 | ' | 180 | ' | ' |
Troubled Debt Restructuring, Not Performing in Accordance With Modified Terms | 675 | ' | 675 | ' | ' |
Troubled Debt Restructuring, Specific allowance | 0 | ' | 0 | ' | ' |
Financing Receivables, Impaired, Troubled Debt Restructuring, Charge-offs | 0 | ' | 0 | ' | ' |
Permanent mortgages guaranteed by US govenment agencies [Member] | Accruing [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' |
Troubled Debt Restructuring, Recorded Investment | 57,818 | 48,733 | 57,818 | 48,733 | 54,322 |
Troubled Debt Restructuring, Performing in Accordance With Modified Terms | 17,269 | 12,598 | 17,269 | 12,598 | 13,384 |
Troubled Debt Restructuring, Not Performing in Accordance With Modified Terms | 40,549 | 36,135 | 40,549 | 36,135 | 40,938 |
Troubled Debt Restructuring, Specific allowance | 0 | 0 | 0 | 0 | 0 |
Financing Receivables, Impaired, Troubled Debt Restructuring, Charge-offs | 0 | 0 | 0 | 0 | ' |
Home equity {Member] | Nonaccrual [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' |
Troubled Debt Restructuring, Recorded Investment | 5,076 | 3,504 | 5,076 | 3,504 | 4,045 |
Troubled Debt Restructuring, Performing in Accordance With Modified Terms | 3,923 | 3,264 | 3,923 | 3,264 | 3,531 |
Troubled Debt Restructuring, Not Performing in Accordance With Modified Terms | 1,153 | 240 | 1,153 | 240 | 514 |
Troubled Debt Restructuring, Specific allowance | 0 | 0 | 0 | 0 | 0 |
Financing Receivables, Impaired, Troubled Debt Restructuring, Charge-offs | 52 | 69 | 65 | 69 | ' |
Consumer [Member] | Nonaccrual [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' |
Troubled Debt Restructuring, Recorded Investment | 610 | 1,542 | 610 | 1,542 | 1,008 |
Troubled Debt Restructuring, Performing in Accordance With Modified Terms | 440 | 1,324 | 440 | 1,324 | 758 |
Troubled Debt Restructuring, Not Performing in Accordance With Modified Terms | 170 | 218 | 170 | 218 | 250 |
Troubled Debt Restructuring, Specific allowance | 0 | 78 | 0 | 78 | 0 |
Financing Receivables, Impaired, Troubled Debt Restructuring, Charge-offs | $1 | $0 | $1 | $1 | ' |
Loans_and_Allowances_for_Credi6
Loans and Allowances for Credit Losses Part 6 (Details) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | $18,381 | $22,457 | $27,801 | $32,099 |
Troubled Debt Restructurings, Recorded Balance With Payment Default | 29,116 | 41,927 | 30,568 | 46,872 |
Accruing [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 10,954 | 8,896 | 16,073 | 17,643 |
Troubled Debt Restructurings, Recorded Balance With Payment Default | 20,492 | 22,784 | 20,912 | 26,767 |
Accruing [Member] | Payment Stream Modification [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 4,260 | 3,087 | 5,773 | 8,694 |
Accruing [Member] | Combination & Other Modifications [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 6,694 | 5,809 | 10,300 | 8,949 |
Nonaccrual [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 7,427 | 13,561 | 11,728 | 14,456 |
Troubled Debt Restructurings, Recorded Balance With Payment Default | 8,624 | 19,143 | 9,656 | 20,105 |
Nonaccrual [Member] | Interest Rate Modification [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 234 |
Nonaccrual [Member] | Payment Stream Modification [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 3,760 | 9,854 | 7,312 | 9,914 |
Nonaccrual [Member] | Combination & Other Modifications [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 3,667 | 3,707 | 4,416 | 4,308 |
Commercial [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 3,542 | 1,140 | 6,568 | 1,320 |
Troubled Debt Restructurings, Recorded Balance With Payment Default | 4,020 | 2,007 | 4,389 | 2,040 |
Commercial [Member] | Accruing [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Troubled Debt Restructurings, Recorded Balance With Payment Default | 0 | 0 | 0 | 0 |
Commercial [Member] | Accruing [Member] | Payment Stream Modification [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Commercial [Member] | Accruing [Member] | Combination & Other Modifications [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Commercial [Member] | Nonaccrual [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 3,542 | 1,140 | 6,568 | 1,320 |
Troubled Debt Restructurings, Recorded Balance With Payment Default | 4,020 | 2,007 | 4,389 | 2,040 |
Commercial [Member] | Nonaccrual [Member] | Interest Rate Modification [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 147 |
Commercial [Member] | Nonaccrual [Member] | Payment Stream Modification [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 3,542 | 1,140 | 6,542 | 1,173 |
Commercial [Member] | Nonaccrual [Member] | Combination & Other Modifications [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 26 | 0 |
Energy [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Troubled Debt Restructurings, Recorded Balance With Payment Default | 0 | 0 | 0 | 0 |
Energy [Member] | Accruing [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Troubled Debt Restructurings, Recorded Balance With Payment Default | 0 | 0 | 0 | 0 |
Energy [Member] | Accruing [Member] | Payment Stream Modification [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Energy [Member] | Accruing [Member] | Combination & Other Modifications [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Energy [Member] | Nonaccrual [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Troubled Debt Restructurings, Recorded Balance With Payment Default | 0 | 0 | 0 | 0 |
Energy [Member] | Nonaccrual [Member] | Interest Rate Modification [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Energy [Member] | Nonaccrual [Member] | Payment Stream Modification [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Energy [Member] | Nonaccrual [Member] | Combination & Other Modifications [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Services [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 1,140 | 0 | 1,173 |
Troubled Debt Restructurings, Recorded Balance With Payment Default | 1,020 | 2,007 | 1,020 | 2,007 |
Services [Member] | Accruing [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Troubled Debt Restructurings, Recorded Balance With Payment Default | 0 | 0 | 0 | 0 |
Services [Member] | Accruing [Member] | Payment Stream Modification [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Services [Member] | Accruing [Member] | Combination & Other Modifications [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Services [Member] | Nonaccrual [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 1,140 | 0 | 1,173 |
Troubled Debt Restructurings, Recorded Balance With Payment Default | 1,020 | 2,007 | 1,020 | 2,007 |
Services [Member] | Nonaccrual [Member] | Interest Rate Modification [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Services [Member] | Nonaccrual [Member] | Payment Stream Modification [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 1,140 | 0 | 1,173 |
Services [Member] | Nonaccrual [Member] | Combination & Other Modifications [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Wholesale/retail [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 3,542 | 0 | 3,542 | 0 |
Troubled Debt Restructurings, Recorded Balance With Payment Default | 0 | 0 | 0 | 0 |
Wholesale/retail [Member] | Accruing [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Troubled Debt Restructurings, Recorded Balance With Payment Default | 0 | 0 | 0 | 0 |
Wholesale/retail [Member] | Accruing [Member] | Payment Stream Modification [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Wholesale/retail [Member] | Accruing [Member] | Combination & Other Modifications [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Wholesale/retail [Member] | Nonaccrual [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 3,542 | 0 | 3,542 | 0 |
Troubled Debt Restructurings, Recorded Balance With Payment Default | 0 | 0 | 0 | 0 |
Wholesale/retail [Member] | Nonaccrual [Member] | Interest Rate Modification [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Wholesale/retail [Member] | Nonaccrual [Member] | Payment Stream Modification [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 3,542 | 0 | 3,542 | 0 |
Wholesale/retail [Member] | Nonaccrual [Member] | Combination & Other Modifications [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Manufacturing [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 3,000 | 0 |
Troubled Debt Restructurings, Recorded Balance With Payment Default | 3,000 | 0 | 3,369 | 0 |
Manufacturing [Member] | Accruing [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Troubled Debt Restructurings, Recorded Balance With Payment Default | 0 | 0 | 0 | 0 |
Manufacturing [Member] | Accruing [Member] | Payment Stream Modification [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Manufacturing [Member] | Accruing [Member] | Combination & Other Modifications [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Manufacturing [Member] | Nonaccrual [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 3,000 | 0 |
Troubled Debt Restructurings, Recorded Balance With Payment Default | 3,000 | 0 | 3,369 | 0 |
Manufacturing [Member] | Nonaccrual [Member] | Interest Rate Modification [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Manufacturing [Member] | Nonaccrual [Member] | Payment Stream Modification [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 3,000 | 0 |
Manufacturing [Member] | Nonaccrual [Member] | Combination & Other Modifications [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Healthcare [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Troubled Debt Restructurings, Recorded Balance With Payment Default | 0 | 0 | 0 | 0 |
Healthcare [Member] | Accruing [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Troubled Debt Restructurings, Recorded Balance With Payment Default | 0 | 0 | 0 | 0 |
Healthcare [Member] | Accruing [Member] | Payment Stream Modification [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Healthcare [Member] | Accruing [Member] | Combination & Other Modifications [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Healthcare [Member] | Nonaccrual [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Troubled Debt Restructurings, Recorded Balance With Payment Default | 0 | 0 | 0 | 0 |
Healthcare [Member] | Nonaccrual [Member] | Interest Rate Modification [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Healthcare [Member] | Nonaccrual [Member] | Payment Stream Modification [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Healthcare [Member] | Nonaccrual [Member] | Combination & Other Modifications [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Other commercial and industrial [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 26 | 147 |
Troubled Debt Restructurings, Recorded Balance With Payment Default | 0 | 0 | 0 | 33 |
Other commercial and industrial [Member] | Accruing [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Troubled Debt Restructurings, Recorded Balance With Payment Default | 0 | 0 | 0 | 0 |
Other commercial and industrial [Member] | Accruing [Member] | Payment Stream Modification [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Other commercial and industrial [Member] | Accruing [Member] | Combination & Other Modifications [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Other commercial and industrial [Member] | Nonaccrual [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 26 | 147 |
Troubled Debt Restructurings, Recorded Balance With Payment Default | 0 | 0 | 0 | 33 |
Other commercial and industrial [Member] | Nonaccrual [Member] | Interest Rate Modification [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 147 |
Other commercial and industrial [Member] | Nonaccrual [Member] | Payment Stream Modification [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Other commercial and industrial [Member] | Nonaccrual [Member] | Combination & Other Modifications [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 26 | 0 |
Commercial Real Estate [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 307 | 8,714 | 729 | 8,714 |
Troubled Debt Restructurings, Recorded Balance With Payment Default | 881 | 14,862 | 1,080 | 15,603 |
Commercial Real Estate [Member] | Accruing [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Troubled Debt Restructurings, Recorded Balance With Payment Default | 0 | 0 | 0 | 0 |
Commercial Real Estate [Member] | Accruing [Member] | Payment Stream Modification [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Commercial Real Estate [Member] | Accruing [Member] | Combination & Other Modifications [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Commercial Real Estate [Member] | Nonaccrual [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 307 | 8,714 | 729 | 8,714 |
Troubled Debt Restructurings, Recorded Balance With Payment Default | 881 | 14,862 | 1,080 | 15,603 |
Commercial Real Estate [Member] | Nonaccrual [Member] | Interest Rate Modification [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Commercial Real Estate [Member] | Nonaccrual [Member] | Payment Stream Modification [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 8,714 | 422 | 8,714 |
Commercial Real Estate [Member] | Nonaccrual [Member] | Combination & Other Modifications [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 307 | 0 | 307 | 0 |
Residential construction and land development [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 307 | 0 | 729 | 0 |
Troubled Debt Restructurings, Recorded Balance With Payment Default | 422 | 6,889 | 422 | 6,889 |
Residential construction and land development [Member] | Accruing [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Troubled Debt Restructurings, Recorded Balance With Payment Default | 0 | 0 | 0 | 0 |
Residential construction and land development [Member] | Accruing [Member] | Payment Stream Modification [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Residential construction and land development [Member] | Accruing [Member] | Combination & Other Modifications [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Residential construction and land development [Member] | Nonaccrual [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 307 | 0 | 729 | 0 |
Troubled Debt Restructurings, Recorded Balance With Payment Default | 422 | 6,889 | 422 | 6,889 |
Residential construction and land development [Member] | Nonaccrual [Member] | Interest Rate Modification [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Residential construction and land development [Member] | Nonaccrual [Member] | Payment Stream Modification [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 422 | 0 |
Residential construction and land development [Member] | Nonaccrual [Member] | Combination & Other Modifications [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 307 | 0 | 307 | 0 |
Retail [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 612 | 0 | 612 |
Troubled Debt Restructurings, Recorded Balance With Payment Default | 459 | 612 | 459 | 612 |
Retail [Member] | Accruing [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Troubled Debt Restructurings, Recorded Balance With Payment Default | 0 | 0 | 0 | 0 |
Retail [Member] | Accruing [Member] | Payment Stream Modification [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Retail [Member] | Accruing [Member] | Combination & Other Modifications [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Retail [Member] | Nonaccrual [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 612 | 0 | 612 |
Troubled Debt Restructurings, Recorded Balance With Payment Default | 459 | 612 | 459 | 612 |
Retail [Member] | Nonaccrual [Member] | Interest Rate Modification [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Retail [Member] | Nonaccrual [Member] | Payment Stream Modification [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 612 | 0 | 612 |
Retail [Member] | Nonaccrual [Member] | Combination & Other Modifications [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Office [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 3,181 | 0 | 3,181 |
Troubled Debt Restructurings, Recorded Balance With Payment Default | 0 | 3,181 | 199 | 3,181 |
Office [Member] | Accruing [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Troubled Debt Restructurings, Recorded Balance With Payment Default | 0 | 0 | 0 | 0 |
Office [Member] | Accruing [Member] | Payment Stream Modification [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Office [Member] | Accruing [Member] | Combination & Other Modifications [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Office [Member] | Nonaccrual [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 3,181 | 0 | 3,181 |
Troubled Debt Restructurings, Recorded Balance With Payment Default | 0 | 3,181 | 199 | 3,181 |
Office [Member] | Nonaccrual [Member] | Interest Rate Modification [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Office [Member] | Nonaccrual [Member] | Payment Stream Modification [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 3,181 | 0 | 3,181 |
Office [Member] | Nonaccrual [Member] | Combination & Other Modifications [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Multifamily [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 990 | 0 | 990 |
Troubled Debt Restructurings, Recorded Balance With Payment Default | 0 | 782 | 0 | 990 |
Multifamily [Member] | Accruing [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Troubled Debt Restructurings, Recorded Balance With Payment Default | 0 | 0 | 0 | 0 |
Multifamily [Member] | Accruing [Member] | Payment Stream Modification [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Multifamily [Member] | Accruing [Member] | Combination & Other Modifications [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Multifamily [Member] | Nonaccrual [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 990 | 0 | 990 |
Troubled Debt Restructurings, Recorded Balance With Payment Default | 0 | 782 | 0 | 990 |
Multifamily [Member] | Nonaccrual [Member] | Interest Rate Modification [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Multifamily [Member] | Nonaccrual [Member] | Payment Stream Modification [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 990 | 0 | 990 |
Multifamily [Member] | Nonaccrual [Member] | Combination & Other Modifications [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Industrial [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Troubled Debt Restructurings, Recorded Balance With Payment Default | 0 | 0 | 0 | 0 |
Industrial [Member] | Accruing [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Troubled Debt Restructurings, Recorded Balance With Payment Default | 0 | 0 | 0 | 0 |
Industrial [Member] | Accruing [Member] | Payment Stream Modification [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Industrial [Member] | Accruing [Member] | Combination & Other Modifications [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Industrial [Member] | Nonaccrual [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Troubled Debt Restructurings, Recorded Balance With Payment Default | 0 | 0 | 0 | 0 |
Industrial [Member] | Nonaccrual [Member] | Interest Rate Modification [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Industrial [Member] | Nonaccrual [Member] | Payment Stream Modification [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Industrial [Member] | Nonaccrual [Member] | Combination & Other Modifications [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Other commercial real estate [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 3,931 | 0 | 3,931 |
Troubled Debt Restructurings, Recorded Balance With Payment Default | 0 | 3,398 | 0 | 3,931 |
Other commercial real estate [Member] | Accruing [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Troubled Debt Restructurings, Recorded Balance With Payment Default | 0 | 0 | 0 | 0 |
Other commercial real estate [Member] | Accruing [Member] | Payment Stream Modification [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Other commercial real estate [Member] | Accruing [Member] | Combination & Other Modifications [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Other commercial real estate [Member] | Nonaccrual [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 3,931 | 0 | 3,931 |
Troubled Debt Restructurings, Recorded Balance With Payment Default | 0 | 3,398 | 0 | 3,931 |
Other commercial real estate [Member] | Nonaccrual [Member] | Interest Rate Modification [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Other commercial real estate [Member] | Nonaccrual [Member] | Payment Stream Modification [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 3,931 | 0 | 3,931 |
Other commercial real estate [Member] | Nonaccrual [Member] | Combination & Other Modifications [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Residential Mortgage [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 14,499 | 11,826 | 20,458 | 21,155 |
Troubled Debt Restructurings, Recorded Balance With Payment Default | 24,201 | 24,973 | 25,085 | 29,107 |
Residential Mortgage [Member] | Accruing [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 10,954 | 8,896 | 16,073 | 17,643 |
Troubled Debt Restructurings, Recorded Balance With Payment Default | 20,492 | 22,784 | 20,912 | 26,767 |
Residential Mortgage [Member] | Accruing [Member] | Payment Stream Modification [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 4,260 | 3,087 | 5,773 | 8,694 |
Residential Mortgage [Member] | Accruing [Member] | Combination & Other Modifications [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 6,694 | 5,809 | 10,300 | 8,949 |
Residential Mortgage [Member] | Nonaccrual [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 3,545 | 2,930 | 4,385 | 3,512 |
Troubled Debt Restructurings, Recorded Balance With Payment Default | 3,709 | 2,189 | 4,173 | 2,340 |
Residential Mortgage [Member] | Nonaccrual [Member] | Interest Rate Modification [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Residential Mortgage [Member] | Nonaccrual [Member] | Payment Stream Modification [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 218 | 0 | 348 | 27 |
Residential Mortgage [Member] | Nonaccrual [Member] | Combination & Other Modifications [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 3,327 | 2,930 | 4,037 | 3,485 |
Permanent mortage [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 2,039 | 1,132 | 2,410 | 1,404 |
Troubled Debt Restructurings, Recorded Balance With Payment Default | 2,324 | 1,949 | 2,769 | 1,969 |
Permanent mortage [Member] | Accruing [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Troubled Debt Restructurings, Recorded Balance With Payment Default | 0 | 0 | 0 | 0 |
Permanent mortage [Member] | Accruing [Member] | Payment Stream Modification [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Permanent mortage [Member] | Accruing [Member] | Combination & Other Modifications [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Permanent mortage [Member] | Nonaccrual [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 2,039 | 1,132 | 2,410 | 1,404 |
Troubled Debt Restructurings, Recorded Balance With Payment Default | 2,324 | 1,949 | 2,769 | 1,969 |
Permanent mortage [Member] | Nonaccrual [Member] | Interest Rate Modification [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Permanent mortage [Member] | Nonaccrual [Member] | Payment Stream Modification [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 218 | 0 | 348 | 27 |
Permanent mortage [Member] | Nonaccrual [Member] | Combination & Other Modifications [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 1,821 | 1,132 | 2,062 | 1,377 |
Permanent mortgages guaranteed by US govenment agencies [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 11,184 | 8,896 | 16,484 | 17,643 |
Troubled Debt Restructurings, Recorded Balance With Payment Default | 20,875 | 22,784 | 21,295 | 26,767 |
Permanent mortgages guaranteed by US govenment agencies [Member] | Accruing [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 10,954 | 8,896 | 16,073 | 17,643 |
Troubled Debt Restructurings, Recorded Balance With Payment Default | 20,492 | 22,784 | 20,912 | 26,767 |
Permanent mortgages guaranteed by US govenment agencies [Member] | Accruing [Member] | Payment Stream Modification [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 4,260 | 3,087 | 5,773 | 8,694 |
Permanent mortgages guaranteed by US govenment agencies [Member] | Accruing [Member] | Combination & Other Modifications [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 6,694 | 5,809 | 10,300 | 8,949 |
Permanent mortgages guaranteed by US govenment agencies [Member] | Nonaccrual [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 230 | 0 | 411 | 0 |
Troubled Debt Restructurings, Recorded Balance With Payment Default | 383 | 0 | 383 | 0 |
Permanent mortgages guaranteed by US govenment agencies [Member] | Nonaccrual [Member] | Interest Rate Modification [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Permanent mortgages guaranteed by US govenment agencies [Member] | Nonaccrual [Member] | Payment Stream Modification [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Permanent mortgages guaranteed by US govenment agencies [Member] | Nonaccrual [Member] | Combination & Other Modifications [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 230 | 0 | 411 | 0 |
Home equity {Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 1,276 | 1,798 | 1,564 | 2,108 |
Troubled Debt Restructurings, Recorded Balance With Payment Default | 1,002 | 240 | 1,021 | 371 |
Home equity {Member] | Accruing [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Troubled Debt Restructurings, Recorded Balance With Payment Default | 0 | 0 | 0 | 0 |
Home equity {Member] | Accruing [Member] | Payment Stream Modification [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Home equity {Member] | Accruing [Member] | Combination & Other Modifications [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Home equity {Member] | Nonaccrual [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 1,276 | 1,798 | 1,564 | 2,108 |
Troubled Debt Restructurings, Recorded Balance With Payment Default | 1,002 | 240 | 1,021 | 371 |
Home equity {Member] | Nonaccrual [Member] | Interest Rate Modification [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Home equity {Member] | Nonaccrual [Member] | Payment Stream Modification [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Home equity {Member] | Nonaccrual [Member] | Combination & Other Modifications [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 1,276 | 1,798 | 1,564 | 2,108 |
Consumer [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 33 | 777 | 46 | 910 |
Troubled Debt Restructurings, Recorded Balance With Payment Default | 14 | 85 | 14 | 122 |
Consumer [Member] | Accruing [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Troubled Debt Restructurings, Recorded Balance With Payment Default | 0 | 0 | 0 | 0 |
Consumer [Member] | Accruing [Member] | Payment Stream Modification [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Consumer [Member] | Accruing [Member] | Combination & Other Modifications [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Consumer [Member] | Nonaccrual [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 33 | 777 | 46 | 910 |
Troubled Debt Restructurings, Recorded Balance With Payment Default | 14 | 85 | 14 | 122 |
Consumer [Member] | Nonaccrual [Member] | Interest Rate Modification [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 87 |
Consumer [Member] | Nonaccrual [Member] | Payment Stream Modification [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | 0 | 0 | 0 | 0 |
Consumer [Member] | Nonaccrual [Member] | Combination & Other Modifications [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Recorded Balance Modified During The Period | $33 | $777 | $46 | $823 |
Loans_and_Allowances_for_Credi7
Loans and Allowances for Credit Losses Part 7 (Details) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 |
Financing receivable, recorded investment, aging [Abstract] | ' | ' | ' |
Current | $13,155,156,000 | $12,509,986,000 | $12,160,578,000 |
Past due 30 to 89 days | 35,901,000 | 38,099,000 | 38,805,000 |
Past due 90 days or more | 139,121,000 | 143,030,000 | 119,266,000 |
Nonaccrual | 96,680,000 | 101,149,000 | 122,133,000 |
Total | 13,426,858,000 | 12,792,264,000 | 12,440,782,000 |
Commercial [Member] | ' | ' | ' |
Financing receivable, recorded investment, aging [Abstract] | ' | ' | ' |
Current | 8,347,097,000 | 7,922,000,000 | 7,681,836,000 |
Past due 30 to 89 days | 3,436,000 | 4,112,000 | 2,974,000 |
Past due 90 days or more | 25,000 | 349,000 | 2,441,000 |
Nonaccrual | 17,103,000 | 16,760,000 | 20,869,000 |
Total | 8,367,661,000 | 7,943,221,000 | 7,708,120,000 |
Energy [Member] | ' | ' | ' |
Financing receivable, recorded investment, aging [Abstract] | ' | ' | ' |
Current | 2,416,139,000 | 2,347,267,000 | 2,382,377,000 |
Past due 30 to 89 days | 2,005,000 | 2,483,000 | 92,000 |
Past due 90 days or more | 25,000 | 150,000 | 0 |
Nonaccrual | 1,619,000 | 1,860,000 | 2,277,000 |
Total | 2,419,788,000 | 2,351,760,000 | 2,384,746,000 |
Services [Member] | ' | ' | ' |
Financing receivable, recorded investment, aging [Abstract] | ' | ' | ' |
Current | 2,373,081,000 | 2,276,036,000 | 2,192,771,000 |
Past due 30 to 89 days | 315,000 | 1,210,000 | 1,769,000 |
Past due 90 days or more | 0 | 42,000 | 2,265,000 |
Nonaccrual | 3,669,000 | 4,922,000 | 7,448,000 |
Total | 2,377,065,000 | 2,282,210,000 | 2,204,253,000 |
Wholesale/retail [Member] | ' | ' | ' |
Financing receivable, recorded investment, aging [Abstract] | ' | ' | ' |
Current | 1,312,255,000 | 1,193,905,000 | 1,168,686,000 |
Past due 30 to 89 days | 11,000 | 338,000 | 0 |
Past due 90 days or more | 0 | 152,000 | 157,000 |
Nonaccrual | 5,885,000 | 6,969,000 | 6,700,000 |
Total | 1,318,151,000 | 1,201,364,000 | 1,175,543,000 |
Manufacturing [Member] | ' | ' | ' |
Financing receivable, recorded investment, aging [Abstract] | ' | ' | ' |
Current | 448,656,000 | 391,159,000 | 385,257,000 |
Past due 30 to 89 days | 703,000 | 0 | 0 |
Past due 90 days or more | 0 | 0 | 0 |
Nonaccrual | 3,507,000 | 592,000 | 876,000 |
Total | 452,866,000 | 391,751,000 | 386,133,000 |
Healthcare [Member] | ' | ' | ' |
Financing receivable, recorded investment, aging [Abstract] | ' | ' | ' |
Current | 1,392,718,000 | 1,272,660,000 | 1,115,187,000 |
Past due 30 to 89 days | 16,000 | 0 | 953,000 |
Past due 90 days or more | 0 | 0 | 0 |
Nonaccrual | 1,422,000 | 1,586,000 | 2,670,000 |
Total | 1,394,156,000 | 1,274,246,000 | 1,118,810,000 |
Other commercial and industrial [Member] | ' | ' | ' |
Financing receivable, recorded investment, aging [Abstract] | ' | ' | ' |
Current | 404,248,000 | 440,973,000 | 437,558,000 |
Past due 30 to 89 days | 386,000 | 81,000 | 160,000 |
Past due 90 days or more | 0 | 5,000 | 19,000 |
Nonaccrual | 1,001,000 | 831,000 | 898,000 |
Total | 405,635,000 | 441,890,000 | 438,635,000 |
Commercial Real Estate [Member] | ' | ' | ' |
Financing receivable, recorded investment, aging [Abstract] | ' | ' | ' |
Current | 2,620,198,000 | 2,370,684,000 | 2,253,864,000 |
Past due 30 to 89 days | 308,000 | 2,788,000 | 4,539,000 |
Past due 90 days or more | 0 | 1,031,000 | 0 |
Nonaccrual | 34,472,000 | 40,850,000 | 58,693,000 |
Total | 2,654,978,000 | 2,415,353,000 | 2,317,096,000 |
Residential construction and land development [Member] | ' | ' | ' |
Financing receivable, recorded investment, aging [Abstract] | ' | ' | ' |
Current | 169,627,000 | 188,434,000 | 204,519,000 |
Past due 30 to 89 days | 6,000 | 428,000 | 0 |
Past due 90 days or more | 0 | 19,000 | 0 |
Nonaccrual | 15,146,000 | 17,377,000 | 21,135,000 |
Total | 184,779,000 | 206,258,000 | 225,654,000 |
Retail [Member] | ' | ' | ' |
Financing receivable, recorded investment, aging [Abstract] | ' | ' | ' |
Current | 637,609,000 | 580,926,000 | 542,946,000 |
Past due 30 to 89 days | 302,000 | 264,000 | 2,060,000 |
Past due 90 days or more | 0 | 0 | 0 |
Nonaccrual | 4,199,000 | 4,857,000 | 8,406,000 |
Total | 642,110,000 | 586,047,000 | 553,412,000 |
Office [Member] | ' | ' | ' |
Financing receivable, recorded investment, aging [Abstract] | ' | ' | ' |
Current | 390,626,000 | 404,505,000 | 451,730,000 |
Past due 30 to 89 days | 0 | 603,000 | 0 |
Past due 90 days or more | 0 | 0 | 0 |
Nonaccrual | 3,591,000 | 6,391,000 | 7,828,000 |
Total | 394,217,000 | 411,499,000 | 459,558,000 |
Multifamily [Member] | ' | ' | ' |
Financing receivable, recorded investment, aging [Abstract] | ' | ' | ' |
Current | 677,403,000 | 576,495,000 | 492,306,000 |
Past due 30 to 89 days | 0 | 0 | 1,699,000 |
Past due 90 days or more | 0 | 0 | 0 |
Nonaccrual | 0 | 7,000 | 6,447,000 |
Total | 677,403,000 | 576,502,000 | 500,452,000 |
Industrial [Member] | ' | ' | ' |
Financing receivable, recorded investment, aging [Abstract] | ' | ' | ' |
Current | 341,449,000 | 243,625,000 | 253,990,000 |
Past due 30 to 89 days | 0 | 0 | 0 |
Past due 90 days or more | 0 | 0 | 0 |
Nonaccrual | 631,000 | 252,000 | 0 |
Total | 342,080,000 | 243,877,000 | 253,990,000 |
Other commercial real estate [Member] | ' | ' | ' |
Financing receivable, recorded investment, aging [Abstract] | ' | ' | ' |
Current | 403,484,000 | 376,699,000 | 308,373,000 |
Past due 30 to 89 days | 0 | 1,493,000 | 780,000 |
Past due 90 days or more | 0 | 1,012,000 | 0 |
Nonaccrual | 10,905,000 | 11,966,000 | 14,877,000 |
Total | 414,389,000 | 391,170,000 | 324,030,000 |
Residential Mortgage [Member] | ' | ' | ' |
Financing receivable, recorded investment, aging [Abstract] | ' | ' | ' |
Current | 1,793,615,000 | 1,837,885,000 | 1,853,635,000 |
Past due 30 to 89 days | 31,165,000 | 30,172,000 | 28,810,000 |
Past due 90 days or more | 139,095,000 | 141,649,000 | 116,806,000 |
Nonaccrual | 44,340,000 | 42,320,000 | 40,534,000 |
Total | 2,008,215,000 | 2,052,026,000 | 2,039,785,000 |
Permanent mortage [Member] | ' | ' | ' |
Financing receivable, recorded investment, aging [Abstract] | ' | ' | ' |
Current | 977,897,000 | 1,018,670,000 | 1,054,435,000 |
Past due 30 to 89 days | 10,079,000 | 9,795,000 | 8,689,000 |
Past due 90 days or more | 0 | 0 | 0 |
Nonaccrual | 32,952,000 | 34,279,000 | 32,747,000 |
Total | 1,020,928,000 | 1,062,744,000 | 1,095,871,000 |
Permanent mortgages guaranteed by US govenment agencies [Member] | ' | ' | ' |
Financing receivable, recorded investment, aging [Abstract] | ' | ' | ' |
Current | 27,855,000 | 21,916,000 | 22,328,000 |
Past due 30 to 89 days | 19,231,000 | 17,290,000 | 17,670,000 |
Past due 90 days or more | 139,054,000 | 141,615,000 | 116,806,000 |
Nonaccrual | 1,947,000 | 777,000 | 83,000 |
Total | 188,087,000 | 181,598,000 | 156,887,000 |
Home equity {Member] | ' | ' | ' |
Financing receivable, recorded investment, aging [Abstract] | ' | ' | ' |
Current | 787,863,000 | 797,299,000 | 776,872,000 |
Past due 30 to 89 days | 1,855,000 | 3,087,000 | 2,451,000 |
Past due 90 days or more | 41,000 | 34,000 | 0 |
Nonaccrual | 9,441,000 | 7,264,000 | 7,704,000 |
Total | 799,200,000 | 807,684,000 | 787,027,000 |
Consumer [Member] | ' | ' | ' |
Financing receivable, recorded investment, aging [Abstract] | ' | ' | ' |
Current | 394,246,000 | 379,417,000 | 371,243,000 |
Past due 30 to 89 days | 992,000 | 1,027,000 | 2,482,000 |
Past due 90 days or more | 1,000 | 1,000 | 19,000 |
Nonaccrual | 765,000 | 1,219,000 | 2,037,000 |
Total | $396,004,000 | $381,664,000 | $375,781,000 |
Acquisitions_Acquisitions_Deta
Acquisitions Acquisitions (Details) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 |
GTRUST Financial Corporation [Member] | MBM Advisors [Member] | Series of Individually Immaterial Business Acquisitions [Member] | ||||
Business Acquisition [Line Items] | ' | ' | ' | ' | ' | ' |
Assets Under Management at time of acquisition | ' | ' | ' | $631,000,000 | $1,300,000,000 | ' |
Consideration Transferred | ' | ' | ' | ' | ' | 27,000,000 |
Cash Paid for Acquisitions | ' | ' | ' | ' | ' | 23,000,000 |
Contingent Consideration Recognized in Acquisitions | ' | ' | ' | ' | ' | 4,000,000 |
Identifiable Intangible Assets Recognized Through Acquisitions | ' | ' | ' | ' | ' | 14,000,000 |
Goodwill Recognized Through Acquisitions | $377,780,000 | $359,759,000 | $359,759,000 | ' | ' | $18,000,000 |
Mortgage_Banking_Activities_Co
Mortgage Banking Activities, Components of Loans Held For Sale (Details) (USD $) | 3 Months Ended | 6 Months Ended | |||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Schedule of Residential Mortgage Loans Held For Sale [Line Items] | ' | ' | ' | ' | ' |
Components of Residential Mortgages Held For Sale Gross, Fair Value | $325,875 | $200,546 | $301,057 | $325,875 | $301,057 |
Mortgage Banking Revenue [Abstract] | ' | ' | ' | ' | ' |
Production revenue | 17,727 | ' | 26,356 | 29,179 | 56,266 |
Servicing revenue | 11,603 | ' | 10,240 | 22,995 | 20,306 |
Mortgage banking revenue | 29,330 | ' | 36,596 | 52,174 | 76,572 |
Residential Mortgage Loans Held For Sale [Member] | ' | ' | ' | ' | ' |
Schedule of Residential Mortgage Loans Held For Sale [Line Items] | ' | ' | ' | ' | ' |
Residential Mortgage Loans Held For Sale Unpaid Principal Balance/Notional | 310,341 | 192,266 | 284,454 | 310,341 | 284,454 |
Components of Residential Mortgages Held For Sale Gross, Fair Value | 319,508 | 193,584 | 280,962 | 319,508 | 280,962 |
Number of days for past due loans (in days) | '90 days | '90 days | '90 days | ' | ' |
Residential mortgage loans held for sale, nonperforming | 0 | 0 | 0 | 0 | 0 |
Credit losses recognized on residential mortgage loans held for sale | ' | ' | ' | 0 | 0 |
Mortgage Banking Revenue [Abstract] | ' | ' | ' | ' | ' |
Production revenue | 17,764 | ' | 17,763 | 29,732 | 47,998 |
Residential Mortgage Loan Commitments [Member] | ' | ' | ' | ' | ' |
Schedule of Residential Mortgage Loans Held For Sale [Line Items] | ' | ' | ' | ' | ' |
Residential Mortgage, Derivatives, Notional | 546,864 | 258,873 | 547,508 | 546,864 | 547,508 |
Components of Residential Mortgages Held For Sale Gross, Fair Value | 13,616 | 2,656 | -1,709 | 13,616 | -1,709 |
Minimum Number of Days Outstanding For Residential Mortgage Commitments | '60 days | '60 days | '60 days | ' | ' |
Maximum Number of Days Outstanding For Residential Mortgage Commitments | '90 days | '90 days | '90 days | ' | ' |
Mortgage Banking Revenue [Abstract] | ' | ' | ' | ' | ' |
Production revenue | 7,614 | ' | -15,052 | 11,001 | -14,442 |
Forward Sales Contracts [Member] | ' | ' | ' | ' | ' |
Schedule of Residential Mortgage Loans Held For Sale [Line Items] | ' | ' | ' | ' | ' |
Residential Mortgage, Derivatives, Notional | 828,739 | 435,867 | 740,752 | 828,739 | 740,752 |
Components of Residential Mortgages Held For Sale Gross, Fair Value | -7,249 | 4,306 | 21,804 | -7,249 | 21,804 |
Minimum Number of Days for Delivery of Forward Sales Contracts | '60 days | '60 days | '60 days | ' | ' |
Maximum Number of Days for Delivery of Forward Sales Contracts | '90 days | '90 days | '90 days | ' | ' |
Mortgage Banking Revenue [Abstract] | ' | ' | ' | ' | ' |
Production revenue | ($7,651) | ' | $23,645 | ($11,554) | $22,710 |
Mortgage_Banking_Activities_Mo
Mortgage Banking Activities, Mortgage Servicing Rights (Details) (USD $) | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | |
Summary of Mortgage Servicing Rights [Abstract] | ' | ' | ' | ' | ' |
Number of residential mortgage loans serviced for others | 110,404 | 106,137 | 101,498 | 110,404 | 101,498 |
Outstanding principal balance of residential mortgage loans serviced for others | $14,626,291,000 | $13,718,942,000 | $12,741,651,000 | $14,626,291,000 | $12,741,651,000 |
Weighted average interest rate (in hundredths) | 4.36% | 4.40% | 4.47% | 4.36% | 4.47% |
Remaining term (in months) | '293 months | '292 months | '291 months | ' | ' |
Servicing Asset at Fair Value, Amount [Roll Forward] | ' | ' | ' | ' | ' |
Beginning balance | 153,774,000 | ' | 109,840,000 | 153,333,000 | 100,812,000 |
Additions, net | 13,172,000 | ' | 14,499,000 | 21,816,000 | 25,932,000 |
Change in fair value due to loan runoff | -4,762,000 | ' | -5,765,000 | -8,504,000 | -10,828,000 |
Change in fair value due to market changes | -6,444,000 | ' | 14,315,000 | -10,905,000 | 16,973,000 |
Ending balance | 155,740,000 | 153,333,000 | 132,889,000 | 155,740,000 | 132,889,000 |
Servicing Assets at Fair Value, Assumptions Used to Estimate Fair Value [Abstract] | ' | ' | ' | ' | ' |
Discount rate - risk-free rate plus a market premium (in hundredths) | 10.20% | 10.21% | 10.25% | ' | ' |
Loan servicing costs - annually per loan based upon loan type, performing, minimum (in dollars per loan) | 60 | 60 | 58 | ' | ' |
Loan servicing costs - annually per loan based upon loan type, performing, maximum (in dollars per loan) | 105 | 105 | 105 | ' | ' |
Loan servicing costs - annually per loan based upon loan type, delinquent, minimum (in dollars per loan) | 150 | 150 | 135 | ' | ' |
Loan servicing costs - annually per loan based upon loan type, delinquent, maximum (in dollars per loan) | 500 | 500 | 500 | ' | ' |
Loan servicing costs - annually per loan based upon loan type, foreclosure, minimum (in dollars per loan) | 1,000 | 1,000 | 875 | ' | ' |
Loan servicing costs - annually per loan based upon loan type, foreclosure, maximum (in dollars per loan) | 4,250 | 4,250 | 4,250 | ' | ' |
Escrow earnings rate - indexed to rates paid on deposit accounts with comparable average life (in hundredths) | 1.69% | 1.80% | 1.56% | ' | ' |
Purchased [Member] | ' | ' | ' | ' | ' |
Servicing Asset at Fair Value, Amount [Roll Forward] | ' | ' | ' | ' | ' |
Beginning balance | 14,790,000 | ' | 13,203,000 | 15,935,000 | 12,976,000 |
Additions, net | 0 | ' | 0 | 0 | 0 |
Change in fair value due to loan runoff | -599,000 | ' | -940,000 | -1,114,000 | -1,811,000 |
Change in fair value due to market changes | -1,109,000 | ' | 3,319,000 | -1,739,000 | 4,417,000 |
Ending balance | 13,082,000 | ' | 15,582,000 | 13,082,000 | 15,582,000 |
Originated [Member] | ' | ' | ' | ' | ' |
Servicing Asset at Fair Value, Amount [Roll Forward] | ' | ' | ' | ' | ' |
Beginning balance | 138,984,000 | ' | 96,637,000 | 137,398,000 | 87,836,000 |
Additions, net | 13,172,000 | ' | 14,499,000 | 21,816,000 | 25,932,000 |
Change in fair value due to loan runoff | -4,163,000 | ' | -4,825,000 | -7,390,000 | -9,017,000 |
Change in fair value due to market changes | -5,335,000 | ' | 10,996,000 | -9,166,000 | 12,556,000 |
Ending balance | $142,658,000 | ' | $117,307,000 | $142,658,000 | $117,307,000 |
Mortgage_Banking_Activities_Lo
Mortgage Banking Activities, Loan Servicing Portfolio (Details) (USD $) | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 |
Stratification of Mortgage Loan Servicing Portfolio [Line Items] | ' | ' | ' | ' | ' | ' |
Fair value | $155,740,000 | $153,774,000 | $153,333,000 | $132,889,000 | $109,840,000 | $100,812,000 |
Outstanding principal of loans serviced for others | 14,626,291,000 | ' | ' | ' | ' | ' |
Weighted average prepayment rate (in hundredths) | 10.03% | ' | ' | ' | ' | ' |
Increase in Fair Value Of Mortgage Servicing Rights Due To 50 Basis Point Increase In Mortgage Interest Rates | 4,000,000 | ' | ' | ' | ' | ' |
Decrease in Fair Value Of Mortgage Servicing Rights Due To 50 Basis Point Decrease In Mortgage Interest Rates | 4,500,000 | ' | ' | ' | ' | ' |
Interest Rate Range Less than 4.00% [Member] | ' | ' | ' | ' | ' | ' |
Stratification of Mortgage Loan Servicing Portfolio [Line Items] | ' | ' | ' | ' | ' | ' |
Fair value | 61,918,000 | ' | ' | ' | ' | ' |
Outstanding principal of loans serviced for others | 5,682,055,000 | ' | ' | ' | ' | ' |
Weighted average prepayment rate (in hundredths) | 7.33% | ' | ' | ' | ' | ' |
Interest Rate Range 4.00% to 4.99% [Member] | ' | ' | ' | ' | ' | ' |
Stratification of Mortgage Loan Servicing Portfolio [Line Items] | ' | ' | ' | ' | ' | ' |
Fair value | 65,639,000 | ' | ' | ' | ' | ' |
Outstanding principal of loans serviced for others | 5,687,478,000 | ' | ' | ' | ' | ' |
Weighted average prepayment rate (in hundredths) | 8.26% | ' | ' | ' | ' | ' |
Interest Rate Range 5.00% to 5.99% [Member] | ' | ' | ' | ' | ' | ' |
Stratification of Mortgage Loan Servicing Portfolio [Line Items] | ' | ' | ' | ' | ' | ' |
Fair value | 22,702,000 | ' | ' | ' | ' | ' |
Outstanding principal of loans serviced for others | 2,187,993,000 | ' | ' | ' | ' | ' |
Weighted average prepayment rate (in hundredths) | 12.60% | ' | ' | ' | ' | ' |
Interest Rate Range Greater than 5.99% [Member] | ' | ' | ' | ' | ' | ' |
Stratification of Mortgage Loan Servicing Portfolio [Line Items] | ' | ' | ' | ' | ' | ' |
Fair value | 5,481,000 | ' | ' | ' | ' | ' |
Outstanding principal of loans serviced for others | $1,068,765,000 | ' | ' | ' | ' | ' |
Weighted average prepayment rate (in hundredths) | 28.53% | ' | ' | ' | ' | ' |
Mortgage_Banking_Activities_Mo1
Mortgage Banking Activities Mortgage Banking Activities, Loans Serviced for Others (Details) (USD $) | Jun. 30, 2014 |
In Thousands, unless otherwise specified | |
Financing Receivable, Recorded Investment, Aging [Abstract] | ' |
Loans Serviced For Others, Current | $14,306,572 |
Loans Serviced For Others, 30 To 59 Days Past Due | 194,205 |
Loans Serviced For Others, 60 To 89 Days Past Due | 54,417 |
Loans Serviced For Others, Greater Than 90 Days or More Past Due | 71,097 |
Loans Serviced For Others | 14,626,291 |
Federal Home Loan Mortgage Corporation Certificates and Obligations (FHLMC) [Member] | ' |
Financing Receivable, Recorded Investment, Aging [Abstract] | ' |
Loans Serviced For Others, Current | 4,681,165 |
Loans Serviced For Others, 30 To 59 Days Past Due | 36,913 |
Loans Serviced For Others, 60 To 89 Days Past Due | 9,828 |
Loans Serviced For Others, Greater Than 90 Days or More Past Due | 31,543 |
Loans Serviced For Others | 4,759,449 |
Federal National Mortgage Association Certificates and Obligations (FNMA) [Member] | ' |
Financing Receivable, Recorded Investment, Aging [Abstract] | ' |
Loans Serviced For Others, Current | 4,628,707 |
Loans Serviced For Others, 30 To 59 Days Past Due | 25,380 |
Loans Serviced For Others, 60 To 89 Days Past Due | 7,206 |
Loans Serviced For Others, Greater Than 90 Days or More Past Due | 20,149 |
Loans Serviced For Others | 4,681,442 |
Government National Mortgage Association Certificates and Obligations (GNMA) [Member] | ' |
Financing Receivable, Recorded Investment, Aging [Abstract] | ' |
Loans Serviced For Others, Current | 4,538,079 |
Loans Serviced For Others, 30 To 59 Days Past Due | 125,530 |
Loans Serviced For Others, 60 To 89 Days Past Due | 35,461 |
Loans Serviced For Others, Greater Than 90 Days or More Past Due | 14,487 |
Loans Serviced For Others | 4,713,557 |
Other Investor Loans [Member] | ' |
Financing Receivable, Recorded Investment, Aging [Abstract] | ' |
Loans Serviced For Others, Current | 458,621 |
Loans Serviced For Others, 30 To 59 Days Past Due | 6,382 |
Loans Serviced For Others, 60 To 89 Days Past Due | 1,922 |
Loans Serviced For Others, Greater Than 90 Days or More Past Due | 4,918 |
Loans Serviced For Others | $471,843 |
Mortgage_Banking_Activities_Lo1
Mortgage Banking Activities, Loans Sold With Recourse (Details) (USD $) | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2013 | |
Residential Mortgage Loans Sold With Recourse [Abstract] | ' | ' | ' | ' | ' |
Carrying amount of residential mortgage loans sold and subject to recourse | $181,000,000 | ' | $181,000,000 | ' | $191,000,000 |
Percentage of loans sold with recourse and either more than 90 days past due or in bankruptcy or foreclosure (in hundredths) | 4.00% | ' | 4.00% | ' | ' |
Principal balance of loans sold with recourse and either 90 days or more past due or in bankruptcy or foreclosure | 6,600,000 | ' | 6,600,000 | ' | ' |
Percentage of loans sold with recourse and 30 to 89 days past due (in hundredths) | 5.00% | ' | 5.00% | ' | ' |
Principal balance of loans sold with recourse and 30 to 89 days past due | 10,000,000 | ' | 10,000,000 | ' | ' |
Activity in the allowance for losses on loans sold with recourse [Roll forward] | ' | ' | ' | ' | ' |
Beginning balance | 9,066,000 | 11,420,000 | 9,562,000 | 13,158,000 | ' |
Provision for recourse losses | 183,000 | 416,000 | 167,000 | -348,000 | ' |
Loans charged off, net | -559,000 | -916,000 | -1,039,000 | -1,890,000 | ' |
Ending balance | 8,690,000 | 10,920,000 | 8,690,000 | 10,920,000 | ' |
Residenital Mortgage Loans Subject to Repurchase Under Standard Representations and Warranties [Abstract] | ' | ' | ' | ' | ' |
Number of mortgages purchased under repurchase agreement with government sponsored entities. | 9 | ' | ' | ' | ' |
Purchase price of loans purchased under repurchase agreement with government sponsored entities | 1,300,000 | ' | ' | ' | ' |
Number of loans sold under standard representations and warranties indemnified | 2 | ' | ' | ' | ' |
Number of unresolved deficiency requests | 188 | 464 | 188 | 464 | ' |
Aggregate outstanding principal balance subject to unresolved deficiency requests | 16,497,000 | 55,517,000 | 16,497,000 | 55,517,000 | ' |
Unpaid principal balance of mortgage loans subject to indemnification by the Company | 2,248,000 | 1,774,000 | 2,248,000 | 1,774,000 | ' |
Activity in accrual for losses on mortgage loans sold under standard representation and warranties [Roll Forward] | ' | ' | ' | ' | ' |
Beginning balance | 7,877,000 | 5,877,000 | 8,845,000 | 5,291,000 | ' |
Provision for repurchase losses | -2,229,000 | 453,000 | -3,071,000 | 1,429,000 | ' |
Losses on repurchases and indemnifications, net | -75,000 | -149,000 | -201,000 | -539,000 | ' |
Ending balance | $5,573,000 | $6,181,000 | $5,573,000 | $6,181,000 | ' |
Employee_Benefits_Details
Employee Benefits (Details) (USD $) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | |
Compensation And Retirment Disclosure [Abstract] | ' | ' | ' | ' |
Periodic pension cost recognized in period | $149,000 | $500,000 | $297,000 | $1,000,000 |
Pension contribution for current period | '0 | '0 | '0 | '0 |
Pension Contributions Minimum Required | $0 | ' | $0 | ' |
Commitments_and_Contingent_Lia2
Commitments and Contingent Liabilities (Details) (USD $) | Jun. 30, 2014 |
Parent Company [Member] | Visa Membership [Member] | ' |
Loss Contingencies [Line Items] | ' |
Number of Visa Class B Shares Owned by Entity (in shares) | 251,837 |
Cavanal Hill Funds [Member] | ' |
Loss Contingencies [Line Items] | ' |
Mutual Fund Investment in US Treasury Securities | 991,000,000 |
Mutual Fund Investment in Cash Management | 1,100,000,000 |
Mutual Fund Investment in Tax-Free Money Market Funds | 241,000,000 |
The Net Asset Value of Units in Mutual Funds (per unit) | 1 |
BOKF Equity, LLC [Member] | ' |
Loss Contingencies [Line Items] | ' |
Number of Private Equity Funds of which the Entity is a General Partner | 2 |
Contingent Obligations For Additional Investments in Private Equity Funds | 6,000,000 |
Commitments_and_Contingent_Lia3
Commitments and Contingent Liabilities Variable Interest Entities (Details) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 |
In Thousands, unless otherwise specified | |||
Loans VIE [Member] | ' | ' | ' |
Variable Interest Entity [Line Items] | ' | ' | ' |
Variable Interest Entity, Consolidated, Carrying Amount, Assets and Liabilities, Net | $10,000 | $10,000 | $10,000 |
Variable Interest Entity, Nonconsolidated, Carrying Amount, Assets and Liabilities, Net | 19,855 | 27,319 | 26,851 |
Other Assets VIE [Member] | ' | ' | ' |
Variable Interest Entity [Line Items] | ' | ' | ' |
Variable Interest Entity, Consolidated, Carrying Amount, Assets and Liabilities, Net | 48,083 | 49,967 | 50,568 |
Variable Interest Entity, Nonconsolidated, Carrying Amount, Assets and Liabilities, Net | 101,572 | 99,517 | 95,698 |
Other Liabilities VIE [Member] | ' | ' | ' |
Variable Interest Entity [Line Items] | ' | ' | ' |
Variable Interest Entity, Consolidated, Carrying Amount, Assets and Liabilities, Net | 0 | 0 | 0 |
Variable Interest Entity, Nonconsolidated, Carrying Amount, Assets and Liabilities, Net | 32,439 | 37,457 | 39,639 |
Other Borrowings VIE [Member] | ' | ' | ' |
Variable Interest Entity [Line Items] | ' | ' | ' |
Variable Interest Entity, Consolidated, Carrying Amount, Assets and Liabilities, Net | 10,964 | 10,964 | 10,964 |
Variable Interest Entity, Nonconsolidated, Carrying Amount, Assets and Liabilities, Net | 0 | 0 | 0 |
Non Controlling Interest VIE [Member] | ' | ' | ' |
Variable Interest Entity [Line Items] | ' | ' | ' |
Variable Interest Entity, Consolidated, Carrying Amount, Assets and Liabilities, Net | 35,129 | 34,924 | 35,245 |
Variable Interest Entity, Nonconsolidated, Carrying Amount, Assets and Liabilities, Net | 0 | 0 | 0 |
Private Equity Funds Variable Interest Entities [Member] | Loans VIE [Member] | ' | ' | ' |
Variable Interest Entity [Line Items] | ' | ' | ' |
Variable Interest Entity, Consolidated, Carrying Amount, Assets and Liabilities, Net | 0 | 0 | 0 |
Private Equity Funds Variable Interest Entities [Member] | Other Assets VIE [Member] | ' | ' | ' |
Variable Interest Entity [Line Items] | ' | ' | ' |
Variable Interest Entity, Consolidated, Carrying Amount, Assets and Liabilities, Net | 27,834 | 27,341 | 28,379 |
Private Equity Funds Variable Interest Entities [Member] | Other Liabilities VIE [Member] | ' | ' | ' |
Variable Interest Entity [Line Items] | ' | ' | ' |
Variable Interest Entity, Consolidated, Carrying Amount, Assets and Liabilities, Net | 0 | 0 | 0 |
Private Equity Funds Variable Interest Entities [Member] | Other Borrowings VIE [Member] | ' | ' | ' |
Variable Interest Entity [Line Items] | ' | ' | ' |
Variable Interest Entity, Consolidated, Carrying Amount, Assets and Liabilities, Net | 0 | 0 | 0 |
Private Equity Funds Variable Interest Entities [Member] | Non Controlling Interest VIE [Member] | ' | ' | ' |
Variable Interest Entity [Line Items] | ' | ' | ' |
Variable Interest Entity, Consolidated, Carrying Amount, Assets and Liabilities, Net | 23,112 | 23,036 | 23,418 |
Tax Credit Variable Interest Entities [Member] | Loans VIE [Member] | ' | ' | ' |
Variable Interest Entity [Line Items] | ' | ' | ' |
Variable Interest Entity, Consolidated, Carrying Amount, Assets and Liabilities, Net | 10,000 | 10,000 | 10,000 |
Variable Interest Entity, Nonconsolidated, Carrying Amount, Assets and Liabilities, Net | 19,855 | 27,319 | 26,851 |
Tax Credit Variable Interest Entities [Member] | Other Assets VIE [Member] | ' | ' | ' |
Variable Interest Entity [Line Items] | ' | ' | ' |
Variable Interest Entity, Consolidated, Carrying Amount, Assets and Liabilities, Net | 13,137 | 13,448 | 13,706 |
Variable Interest Entity, Nonconsolidated, Carrying Amount, Assets and Liabilities, Net | 95,251 | 90,260 | 86,327 |
Tax Credit Variable Interest Entities [Member] | Other Liabilities VIE [Member] | ' | ' | ' |
Variable Interest Entity [Line Items] | ' | ' | ' |
Variable Interest Entity, Consolidated, Carrying Amount, Assets and Liabilities, Net | 0 | 0 | 0 |
Variable Interest Entity, Nonconsolidated, Carrying Amount, Assets and Liabilities, Net | 30,782 | 35,776 | 37,864 |
Tax Credit Variable Interest Entities [Member] | Other Borrowings VIE [Member] | ' | ' | ' |
Variable Interest Entity [Line Items] | ' | ' | ' |
Variable Interest Entity, Consolidated, Carrying Amount, Assets and Liabilities, Net | 10,964 | 10,964 | 10,964 |
Variable Interest Entity, Nonconsolidated, Carrying Amount, Assets and Liabilities, Net | 0 | 0 | 0 |
Tax Credit Variable Interest Entities [Member] | Non Controlling Interest VIE [Member] | ' | ' | ' |
Variable Interest Entity [Line Items] | ' | ' | ' |
Variable Interest Entity, Consolidated, Carrying Amount, Assets and Liabilities, Net | 10,000 | 9,869 | 10,000 |
Variable Interest Entity, Nonconsolidated, Carrying Amount, Assets and Liabilities, Net | 0 | 0 | 0 |
Other Variable Interest Entities [Member] | Loans VIE [Member] | ' | ' | ' |
Variable Interest Entity [Line Items] | ' | ' | ' |
Variable Interest Entity, Consolidated, Carrying Amount, Assets and Liabilities, Net | 0 | 0 | 0 |
Variable Interest Entity, Nonconsolidated, Carrying Amount, Assets and Liabilities, Net | 0 | 0 | 0 |
Other Variable Interest Entities [Member] | Other Assets VIE [Member] | ' | ' | ' |
Variable Interest Entity [Line Items] | ' | ' | ' |
Variable Interest Entity, Consolidated, Carrying Amount, Assets and Liabilities, Net | 7,112 | 9,178 | 8,483 |
Variable Interest Entity, Nonconsolidated, Carrying Amount, Assets and Liabilities, Net | 6,321 | 9,257 | 9,371 |
Other Variable Interest Entities [Member] | Other Liabilities VIE [Member] | ' | ' | ' |
Variable Interest Entity [Line Items] | ' | ' | ' |
Variable Interest Entity, Consolidated, Carrying Amount, Assets and Liabilities, Net | 0 | 0 | 0 |
Variable Interest Entity, Nonconsolidated, Carrying Amount, Assets and Liabilities, Net | 1,657 | 1,681 | 1,775 |
Other Variable Interest Entities [Member] | Other Borrowings VIE [Member] | ' | ' | ' |
Variable Interest Entity [Line Items] | ' | ' | ' |
Variable Interest Entity, Consolidated, Carrying Amount, Assets and Liabilities, Net | 0 | 0 | 0 |
Variable Interest Entity, Nonconsolidated, Carrying Amount, Assets and Liabilities, Net | 0 | 0 | 0 |
Other Variable Interest Entities [Member] | Non Controlling Interest VIE [Member] | ' | ' | ' |
Variable Interest Entity [Line Items] | ' | ' | ' |
Variable Interest Entity, Consolidated, Carrying Amount, Assets and Liabilities, Net | 2,017 | 2,019 | 1,827 |
Variable Interest Entity, Nonconsolidated, Carrying Amount, Assets and Liabilities, Net | $0 | $0 | $0 |
Commitments_and_Contingent_Lia4
Commitments and Contingent Liabilities Guarantor Obligations (Details) (Property Lease Guarantee [Member], USD $) | 6 Months Ended |
In Millions, unless otherwise specified | Jun. 30, 2014 |
Property Lease Guarantee [Member] | ' |
Guarantor Obligations [Line Items] | ' |
Total amount of guaranteed rents | $29 |
Contingent Obligation For Guaranteed Rents | 10 |
Guaranteed Percentage To Be Received (in hundredths) | 80.00% |
Maximum Amount To Be Received Under Rent Agreement With City Of Tulsa | $4.50 |
Shareholders_Equity_Details
Shareholders' Equity (Details) (USD $) | 3 Months Ended | 6 Months Ended | 0 Months Ended | ||||||||||||||||||||
In Thousands, except Per Share data, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jul. 29, 2014 | ||||||||||
Accumulated Net Unrealized Gain (Loss) on Available for Sale Securities [Member] | Accumulated Net Unrealized Gain (Loss) on Available for Sale Securities [Member] | Accumulated Unrealized Gain on Investment Securities Transferred from AFS [Member] | Accumulated Unrealized Gain on Investment Securities Transferred from AFS [Member] | Accumulated Unrealized Gain (Loss) on Employee Benefit Plans [Member] | Accumulated Unrealized Gain (Loss) on Employee Benefit Plans [Member] | Accumulated Loss on Effective Cash Flow Hedges [Member] | Accumulated Loss on Effective Cash Flow Hedges [Member] | Dividend Declared [Member] | |||||||||||||||
Dividends Payable, Date Declared | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 29-Jul-14 | ||||||||||
Dividends declared (in dollars per share) | $0.40 | $0.38 | $0.80 | $0.76 | ' | ' | ' | ' | ' | ' | ' | ' | $0.40 | ||||||||||
Dividends Payable, Date to be Paid | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 29-Aug-14 | ||||||||||
Dividends Payable, Date of Record | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 15-Aug-14 | ||||||||||
Schedule of Accumulated Other Income (Loss) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||
Balance, Beginning of Period | ' | ' | ($25,623) | $149,920 | ($23,175) | $155,553 | $1,118 | $3,078 | ($3,311) | ($8,296) | ($255) | ($415) | ' | ||||||||||
Net change in unrealized gain (loss) | 70,038 | -183,186 | 124,651 | -204,545 | 124,653 | -204,545 | 0 | 0 | -2 | 0 | 0 | 0 | ' | ||||||||||
Reclassification adjustments included in earnings [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||
Interest revenue, Investment securities, Taxable securities | -333 | -873 | -736 | -2,021 | 0 | 0 | -736 | -2,021 | 0 | 0 | 0 | 0 | ' | ||||||||||
Interest expense, Subordinated debentures | 71 | 72 | 154 | 124 | 0 | 0 | 0 | 0 | 0 | 0 | 154 | 124 | ' | ||||||||||
Net impairment losses recognized in earnings | 0 | 552 | 0 | 799 | ' | 799 | ' | 0 | ' | 0 | ' | 0 | ' | ||||||||||
Gain on available for sale securities, net | -4 | -3,753 | -1,244 | -8,608 | -1,244 | -8,608 | 0 | 0 | 0 | 0 | 0 | 0 | ' | ||||||||||
Other comprehensive income (loss) before income taxes | 69,772 | -187,188 | 122,825 | -214,251 | 123,409 | -212,354 | -736 | -2,021 | -2 | 0 | 154 | 124 | ' | ||||||||||
Federal and state income taxes | -27,151 | 72,819 | -47,786 | [1] | 83,345 | [1] | -48,013 | [1] | 82,605 | [1] | 286 | [1] | 788 | [1] | 1 | [1] | 0 | [1] | -60 | [1] | -48 | [1] | ' |
Other comprehensive income (loss), net of income taxes | 42,621 | -114,369 | 75,039 | -130,906 | 75,396 | -129,749 | -450 | -1,233 | -1 | 0 | 94 | 76 | ' | ||||||||||
Balance, End of Period | $49,416 | $19,014 | $49,416 | $19,014 | $52,221 | $25,804 | $668 | $1,845 | ($3,312) | ($8,296) | ($161) | ($339) | ' | ||||||||||
[1] | Calculated using a 39% effective tax rate. |
Earnings_Per_Share_Details
Earnings Per Share (Details) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Numerator: [Abstract] | ' | ' | ' | ' |
Net income attributable to BOK Financial Corporation shareholders | $75,895 | $79,931 | $152,485 | $167,895 |
Less: Earnings allocated to participating securities | 884 | 854 | 1,579 | 1,825 |
Numerator for basic earnings per share - income available to common shareholders | 75,011 | 79,077 | 150,906 | 166,070 |
Effect of reallocating undistributed earnings of participating securities | 1 | 2 | 2 | 4 |
Numerator for diluted earnings per share - income available to common shareholders | $75,012 | $79,079 | $150,908 | $166,074 |
Denominator: [Abstract] | ' | ' | ' | ' |
Weighted average shares outstanding (in shares) | 69,162,724 | 68,719,694 | 69,031,961 | 68,645,247 |
Less: Participating securities included in weighted average shares (in shares) | 802,779 | 725,872 | 713,272 | 740,648 |
Denominator for basic earnings per common share (in shares) | 68,359,945 | 67,993,822 | 68,318,689 | 67,904,599 |
Dilutive effect of employee stock compensation plans (in shares) | 151,433 | 218,675 | 157,113 | 222,152 |
Denominator for diluted earnings per common share (in shares) | 68,511,378 | 68,212,497 | 68,475,802 | 68,126,751 |
Basic earnings per share (per share) | $1.10 | $1.16 | $2.21 | $2.45 |
Diluted earnings per share (per share) | $1.10 | $1.16 | $2.20 | $2.44 |
Excludes employee stock options with exercise prices greater than current market price. | 0 | 0 | 0 | 0 |
Reportable_Segments_Details
Reportable Segments (Details) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Net interest revenue from external sources | $166,097 | $168,892 | $328,739 | $340,344 |
Net interest revenue (expense) from internal sources | 0 | 0 | 0 | 0 |
Net interest revenue | 166,097 | 168,892 | 328,739 | 340,344 |
Provision for credit losses | 0 | 0 | 0 | -8,000 |
Net interest revenue after provision for credit losses | 166,097 | 168,892 | 328,739 | 348,344 |
Other operating revenue | 162,569 | 163,340 | 299,575 | 324,026 |
Other operating expense | 214,707 | 210,921 | 399,811 | 414,904 |
Net direct contribution | 113,959 | 121,311 | 228,503 | 257,466 |
Corporate expense allocations | 0 | 0 | 0 | 0 |
Net income before taxes | 113,959 | 121,311 | 228,503 | 257,466 |
Federal and state income taxes | 37,230 | 41,423 | 74,731 | 88,519 |
Net income | 76,729 | 79,888 | 153,772 | 168,947 |
Net income (loss) attributable to non-controlling interest | 834 | -43 | 1,287 | 1,052 |
Net income attributable to BOK Financial Corporation shareholders | 75,895 | 79,931 | 152,485 | 167,895 |
Average assets | 27,486,821 | 27,659,324 | 27,363,480 | 27,586,780 |
Average invested capital | 3,176,724 | 3,027,654 | 3,141,097 | 3,012,828 |
Performance measurements: [Abstract] | ' | ' | ' | ' |
Return on average assets | 1.11% | 1.16% | 1.12% | 1.23% |
Return on average invested capital | 9.58% | 10.59% | 9.79% | 11.24% |
Efficiency ratio | 63.62% | 63.11% | 61.74% | 62.07% |
Operating Segments [Member] | Commercial [Member] | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Net interest revenue from external sources | 95,018 | 90,551 | 186,037 | 181,433 |
Net interest revenue (expense) from internal sources | -7,857 | -9,389 | -16,714 | -18,534 |
Net interest revenue | 87,161 | 81,162 | 169,323 | 162,899 |
Provision for credit losses | -2,812 | 86 | -6,043 | 1,107 |
Net interest revenue after provision for credit losses | 89,973 | 81,076 | 175,366 | 161,792 |
Other operating revenue | 44,836 | 43,330 | 85,525 | 84,781 |
Other operating expense | 50,922 | 47,342 | 100,310 | 94,002 |
Net direct contribution | 83,887 | 77,064 | 160,581 | 152,571 |
Corporate expense allocations | 18,367 | 18,080 | 35,653 | 36,079 |
Net income before taxes | 65,520 | 58,984 | 124,928 | 116,492 |
Federal and state income taxes | 25,487 | 22,945 | 48,597 | 45,315 |
Net income | 40,033 | 36,039 | 76,331 | 71,177 |
Net income (loss) attributable to non-controlling interest | 0 | 0 | 0 | 0 |
Net income attributable to BOK Financial Corporation shareholders | 40,033 | 36,039 | 76,331 | 71,177 |
Average assets | 11,243,678 | 10,363,144 | 11,100,687 | 10,486,544 |
Average invested capital | 937,085 | 899,087 | 934,768 | 895,748 |
Performance measurements: [Abstract] | ' | ' | ' | ' |
Return on average assets | 1.43% | 1.39% | 1.39% | 1.37% |
Return on average invested capital | 17.14% | 16.08% | 16.47% | 16.02% |
Efficiency ratio | 38.52% | 37.96% | 39.07% | 37.89% |
Operating Segments [Member] | Consumer [Member] | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Net interest revenue from external sources | 24,170 | 24,830 | 48,826 | 48,925 |
Net interest revenue (expense) from internal sources | 4,666 | 5,167 | 8,860 | 10,650 |
Net interest revenue | 28,836 | 29,997 | 57,686 | 59,575 |
Provision for credit losses | 1,345 | 1,402 | 2,201 | 2,332 |
Net interest revenue after provision for credit losses | 27,491 | 28,595 | 55,485 | 57,243 |
Other operating revenue | 51,256 | 62,309 | 94,668 | 122,108 |
Other operating expense | 49,087 | 47,151 | 90,932 | 92,159 |
Net direct contribution | 29,660 | 43,753 | 59,221 | 87,192 |
Corporate expense allocations | 16,911 | 14,690 | 32,750 | 28,859 |
Net income before taxes | 12,749 | 29,063 | 26,471 | 58,333 |
Federal and state income taxes | 4,959 | 11,306 | 10,297 | 22,692 |
Net income | 7,790 | 17,757 | 16,174 | 35,641 |
Net income (loss) attributable to non-controlling interest | 0 | 0 | 0 | 0 |
Net income attributable to BOK Financial Corporation shareholders | 7,790 | 17,757 | 16,174 | 35,641 |
Average assets | 5,668,256 | 5,695,096 | 5,642,181 | 5,709,446 |
Average invested capital | 276,294 | 297,674 | 279,897 | 297,375 |
Performance measurements: [Abstract] | ' | ' | ' | ' |
Return on average assets | 0.55% | 1.25% | 0.58% | 1.26% |
Return on average invested capital | 11.31% | 23.93% | 11.65% | 24.17% |
Efficiency ratio | 55.11% | 49.26% | 53.74% | 47.91% |
Operating Segments [Member] | Wealth Management [Member] | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Net interest revenue from external sources | 5,765 | 6,512 | 11,604 | 12,991 |
Net interest revenue (expense) from internal sources | 4,719 | 5,107 | 9,403 | 10,403 |
Net interest revenue | 10,484 | 11,619 | 21,007 | 23,394 |
Provision for credit losses | 19 | 931 | -26 | 1,449 |
Net interest revenue after provision for credit losses | 10,465 | 10,688 | 21,033 | 21,945 |
Other operating revenue | 65,527 | 55,287 | 119,787 | 106,778 |
Other operating expense | 55,156 | 51,440 | 104,403 | 98,562 |
Net direct contribution | 20,836 | 14,535 | 36,417 | 30,161 |
Corporate expense allocations | 12,388 | 13,019 | 23,810 | 25,559 |
Net income before taxes | 8,448 | 1,516 | 12,607 | 4,602 |
Federal and state income taxes | 3,286 | 590 | 4,904 | 1,790 |
Net income | 5,162 | 926 | 7,703 | 2,812 |
Net income (loss) attributable to non-controlling interest | 0 | 0 | 0 | 0 |
Net income attributable to BOK Financial Corporation shareholders | 5,162 | 926 | 7,703 | 2,812 |
Average assets | 4,556,825 | 4,544,061 | 4,589,141 | 4,615,169 |
Average invested capital | 214,936 | 206,219 | 208,909 | 204,161 |
Performance measurements: [Abstract] | ' | ' | ' | ' |
Return on average assets | 0.45% | 0.08% | 0.34% | 0.12% |
Return on average invested capital | 9.63% | 1.80% | 7.44% | 2.78% |
Efficiency ratio | 72.29% | 76.87% | 73.72% | 75.24% |
Corporate, Non-Segment [Member] | Funds Management and Other [Member] | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Net interest revenue from external sources | 41,144 | 46,999 | 82,272 | 96,995 |
Net interest revenue (expense) from internal sources | -1,528 | -885 | -1,549 | -2,519 |
Net interest revenue | 39,616 | 46,114 | 80,723 | 94,476 |
Provision for credit losses | 1,448 | -2,419 | 3,868 | -12,888 |
Net interest revenue after provision for credit losses | 38,168 | 48,533 | 76,855 | 107,364 |
Other operating revenue | 950 | 2,414 | -405 | 10,359 |
Other operating expense | 59,542 | 64,988 | 104,166 | 130,181 |
Net direct contribution | -20,424 | -14,041 | -27,716 | -12,458 |
Corporate expense allocations | -47,666 | -45,789 | -92,213 | -90,497 |
Net income before taxes | 27,242 | 31,748 | 64,497 | 78,039 |
Federal and state income taxes | 3,498 | 6,582 | 10,933 | 18,722 |
Net income | 23,744 | 25,166 | 53,564 | 59,317 |
Net income (loss) attributable to non-controlling interest | 834 | -43 | 1,287 | 1,052 |
Net income attributable to BOK Financial Corporation shareholders | 22,910 | 25,209 | 52,277 | 58,265 |
Average assets | 6,018,062 | 7,057,023 | 6,031,471 | 6,775,621 |
Average invested capital | $1,748,409 | $1,624,674 | $1,717,523 | $1,615,544 |
Fair_Value_Measurements_Fair_V
Fair Value Measurements, Fair Value Of Financial Instruments as Measured On a Recurring Basis (Details) (USD $) | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | |||
In Thousands, unless otherwise specified | |||||||||
Assets [Abstract] | ' | ' | ' | ' | ' | ' | |||
Trading securities | $101,097 | ' | $91,616 | $190,591 | ' | ' | |||
Available for sale securities | 9,699,146 | ' | 10,147,162 | 10,698,074 | ' | ' | |||
Fair value option securities | 185,674 | ' | 167,125 | 205,756 | ' | ' | |||
Mortgage servicing rights | 155,740 | 153,774 | 153,333 | 132,889 | 109,840 | 100,812 | |||
Derviative contracts, net of cash collateral, assets | 357,680 | ' | 265,012 | 546,206 | ' | ' | |||
Liabilities: [Abstract] | ' | ' | ' | ' | ' | ' | |||
Derivative contracts net of cash margin, liabilities | 297,851 | ' | 247,185 | 521,991 | ' | ' | |||
U.S. Government agency debentures [Member] | ' | ' | ' | ' | ' | ' | |||
Assets [Abstract] | ' | ' | ' | ' | ' | ' | |||
Trading securities | 19,027 | ' | 34,120 | 60,713 | ' | ' | |||
U.S. agency residential mortgage-backed securities [Member] | ' | ' | ' | ' | ' | ' | |||
Assets [Abstract] | ' | ' | ' | ' | ' | ' | |||
Trading securities | 13,540 | ' | 21,011 | 43,858 | ' | ' | |||
Available for sale securities | 7,259,504 | ' | 7,716,010 | 8,372,795 | ' | ' | |||
Fair value option securities | 181,205 | ' | 157,431 | 203,816 | ' | ' | |||
Municipal and other tax-exempt securities [Member] | ' | ' | ' | ' | ' | ' | |||
Assets [Abstract] | ' | ' | ' | ' | ' | ' | |||
Trading securities | 32,950 | ' | 27,350 | 53,819 | ' | ' | |||
Available for sale securities | 64,970 | ' | 73,775 | 95,103 | ' | ' | |||
Other trading securities [Member] | ' | ' | ' | ' | ' | ' | |||
Assets [Abstract] | ' | ' | ' | ' | ' | ' | |||
Trading securities | 35,580 | ' | 9,135 | 32,201 | ' | ' | |||
U.S. Treasury [Member] | ' | ' | ' | ' | ' | ' | |||
Assets [Abstract] | ' | ' | ' | ' | ' | ' | |||
Available for sale securities | 1,024 | ' | 1,042 | 1,060 | ' | ' | |||
Privately issued residential mortgage-backed securities [Member] | ' | ' | ' | ' | ' | ' | |||
Assets [Abstract] | ' | ' | ' | ' | ' | ' | |||
Available for sale securities | 179,042 | ' | 221,099 | 297,175 | ' | ' | |||
Commercial mortgage-backed securities guaranteed by U.S. government agencies [Member] | ' | ' | ' | ' | ' | ' | |||
Assets [Abstract] | ' | ' | ' | ' | ' | ' | |||
Available for sale securities | 2,115,295 | ' | 2,055,804 | 1,846,943 | ' | ' | |||
Other debt securities [Member] | ' | ' | ' | ' | ' | ' | |||
Assets [Abstract] | ' | ' | ' | ' | ' | ' | |||
Available for sale securities | 34,528 | ' | 35,241 | 35,894 | ' | ' | |||
Fair value option securities | 4,469 | ' | 9,694 | 1,940 | ' | ' | |||
Perpetual preferred stock [Member] | ' | ' | ' | ' | ' | ' | |||
Assets [Abstract] | ' | ' | ' | ' | ' | ' | |||
Available for sale securities | 24,730 | ' | 22,863 | 25,583 | ' | ' | |||
Equity securities and mutual funds [Member] | ' | ' | ' | ' | ' | ' | |||
Assets [Abstract] | ' | ' | ' | ' | ' | ' | |||
Available for sale securities | 20,053 | ' | 21,328 | 23,521 | ' | ' | |||
Fair Value, Measurements, Recurring [Member] | ' | ' | ' | ' | ' | ' | |||
Assets [Abstract] | ' | ' | ' | ' | ' | ' | |||
Trading securities | 101,097 | ' | 91,616 | 190,591 | ' | ' | |||
Available for sale securities | 9,699,146 | ' | 10,147,162 | 10,698,074 | ' | ' | |||
Fair value option securities | 185,674 | ' | 167,125 | 205,756 | ' | ' | |||
Residential mortgage loans held for sale | 325,875 | ' | 200,546 | 301,057 | ' | ' | |||
Mortgage servicing rights | 155,740 | [1] | ' | 153,333 | [1] | 132,889 | [1] | ' | ' |
Derviative contracts, net of cash collateral, assets | 357,680 | [2] | ' | 265,012 | [3] | 546,206 | [4] | ' | ' |
Other assets - private equity funds | 27,834 | ' | 27,341 | 28,379 | ' | ' | |||
Liabilities: [Abstract] | ' | ' | ' | ' | ' | ' | |||
Derivative contracts net of cash margin, liabilities | 297,851 | [2] | ' | 247,185 | [3] | 521,991 | [4] | ' | ' |
Fair Value, Measurements, Recurring [Member] | U.S. Government agency debentures [Member] | ' | ' | ' | ' | ' | ' | |||
Assets [Abstract] | ' | ' | ' | ' | ' | ' | |||
Trading securities | 19,027 | ' | 34,120 | 60,713 | ' | ' | |||
Fair Value, Measurements, Recurring [Member] | U.S. agency residential mortgage-backed securities [Member] | ' | ' | ' | ' | ' | ' | |||
Assets [Abstract] | ' | ' | ' | ' | ' | ' | |||
Trading securities | 13,540 | ' | 21,011 | 43,858 | ' | ' | |||
Available for sale securities | 7,259,504 | ' | 7,716,010 | 8,372,795 | ' | ' | |||
Fair value option securities | 181,205 | ' | 157,431 | 203,816 | ' | ' | |||
Fair Value, Measurements, Recurring [Member] | Municipal and other tax-exempt securities [Member] | ' | ' | ' | ' | ' | ' | |||
Assets [Abstract] | ' | ' | ' | ' | ' | ' | |||
Trading securities | 32,950 | ' | 27,350 | 53,819 | ' | ' | |||
Available for sale securities | 64,970 | ' | 73,775 | 95,103 | ' | ' | |||
Fair Value, Measurements, Recurring [Member] | Other trading securities [Member] | ' | ' | ' | ' | ' | ' | |||
Assets [Abstract] | ' | ' | ' | ' | ' | ' | |||
Trading securities | 35,580 | ' | 9,135 | 32,201 | ' | ' | |||
Fair Value, Measurements, Recurring [Member] | U.S. Treasury [Member] | ' | ' | ' | ' | ' | ' | |||
Assets [Abstract] | ' | ' | ' | ' | ' | ' | |||
Available for sale securities | 1,024 | ' | 1,042 | 1,060 | ' | ' | |||
Fair Value, Measurements, Recurring [Member] | Privately issued residential mortgage-backed securities [Member] | ' | ' | ' | ' | ' | ' | |||
Assets [Abstract] | ' | ' | ' | ' | ' | ' | |||
Available for sale securities | 179,042 | ' | 221,099 | 297,175 | ' | ' | |||
Fair Value, Measurements, Recurring [Member] | Commercial mortgage-backed securities guaranteed by U.S. government agencies [Member] | ' | ' | ' | ' | ' | ' | |||
Assets [Abstract] | ' | ' | ' | ' | ' | ' | |||
Available for sale securities | 2,115,295 | ' | 2,055,804 | 1,846,943 | ' | ' | |||
Fair Value, Measurements, Recurring [Member] | Other debt securities [Member] | ' | ' | ' | ' | ' | ' | |||
Assets [Abstract] | ' | ' | ' | ' | ' | ' | |||
Available for sale securities | 34,528 | ' | 35,241 | 35,894 | ' | ' | |||
Fair value option securities | 4,469 | ' | 9,694 | 1,940 | ' | ' | |||
Fair Value, Measurements, Recurring [Member] | Perpetual preferred stock [Member] | ' | ' | ' | ' | ' | ' | |||
Assets [Abstract] | ' | ' | ' | ' | ' | ' | |||
Available for sale securities | 24,730 | ' | 22,863 | 25,583 | ' | ' | |||
Fair Value, Measurements, Recurring [Member] | Equity securities and mutual funds [Member] | ' | ' | ' | ' | ' | ' | |||
Assets [Abstract] | ' | ' | ' | ' | ' | ' | |||
Available for sale securities | 20,053 | ' | 21,328 | 23,521 | ' | ' | |||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' | ' | ' | ' | ' | |||
Assets [Abstract] | ' | ' | ' | ' | ' | ' | |||
Trading securities | 0 | ' | 0 | 0 | ' | ' | |||
Available for sale securities | 6,130 | ' | 1,042 | 6,179 | ' | ' | |||
Fair value option securities | 0 | ' | 0 | 0 | ' | ' | |||
Residential mortgage loans held for sale | 0 | ' | 0 | 0 | ' | ' | |||
Mortgage servicing rights | 0 | [1] | ' | 0 | [1] | 0 | [1] | ' | ' |
Derviative contracts, net of cash collateral, assets | 800 | [2] | ' | 2,712 | [3] | 17,588 | [4] | ' | ' |
Other assets - private equity funds | 0 | ' | 0 | 0 | ' | ' | |||
Liabilities: [Abstract] | ' | ' | ' | ' | ' | ' | |||
Derivative contracts net of cash margin, liabilities | 0 | [2] | ' | 0 | [3] | 0 | [4] | ' | ' |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | U.S. Government agency debentures [Member] | ' | ' | ' | ' | ' | ' | |||
Assets [Abstract] | ' | ' | ' | ' | ' | ' | |||
Trading securities | 0 | ' | 0 | 0 | ' | ' | |||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | U.S. agency residential mortgage-backed securities [Member] | ' | ' | ' | ' | ' | ' | |||
Assets [Abstract] | ' | ' | ' | ' | ' | ' | |||
Trading securities | 0 | ' | 0 | 0 | ' | ' | |||
Available for sale securities | 0 | ' | 0 | 0 | ' | ' | |||
Fair value option securities | 0 | ' | 0 | 0 | ' | ' | |||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Municipal and other tax-exempt securities [Member] | ' | ' | ' | ' | ' | ' | |||
Assets [Abstract] | ' | ' | ' | ' | ' | ' | |||
Trading securities | 0 | ' | 0 | 0 | ' | ' | |||
Available for sale securities | 0 | ' | 0 | 0 | ' | ' | |||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Other trading securities [Member] | ' | ' | ' | ' | ' | ' | |||
Assets [Abstract] | ' | ' | ' | ' | ' | ' | |||
Trading securities | 0 | ' | 0 | 0 | ' | ' | |||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | U.S. Treasury [Member] | ' | ' | ' | ' | ' | ' | |||
Assets [Abstract] | ' | ' | ' | ' | ' | ' | |||
Available for sale securities | 1,024 | ' | 1,042 | 1,060 | ' | ' | |||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Privately issued residential mortgage-backed securities [Member] | ' | ' | ' | ' | ' | ' | |||
Assets [Abstract] | ' | ' | ' | ' | ' | ' | |||
Available for sale securities | 0 | ' | 0 | 0 | ' | ' | |||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Commercial mortgage-backed securities guaranteed by U.S. government agencies [Member] | ' | ' | ' | ' | ' | ' | |||
Assets [Abstract] | ' | ' | ' | ' | ' | ' | |||
Available for sale securities | 0 | ' | 0 | 0 | ' | ' | |||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Other debt securities [Member] | ' | ' | ' | ' | ' | ' | |||
Assets [Abstract] | ' | ' | ' | ' | ' | ' | |||
Available for sale securities | 0 | ' | 0 | 0 | ' | ' | |||
Fair value option securities | 0 | ' | 0 | 0 | ' | ' | |||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Perpetual preferred stock [Member] | ' | ' | ' | ' | ' | ' | |||
Assets [Abstract] | ' | ' | ' | ' | ' | ' | |||
Available for sale securities | 0 | ' | 0 | 0 | ' | ' | |||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Equity securities and mutual funds [Member] | ' | ' | ' | ' | ' | ' | |||
Assets [Abstract] | ' | ' | ' | ' | ' | ' | |||
Available for sale securities | 5,106 | ' | 0 | 5,119 | ' | ' | |||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' | ' | ' | ' | ' | |||
Assets [Abstract] | ' | ' | ' | ' | ' | ' | |||
Trading securities | 101,097 | ' | 91,616 | 190,591 | ' | ' | |||
Available for sale securities | 9,678,340 | ' | 10,119,396 | 10,645,608 | ' | ' | |||
Fair value option securities | 185,674 | ' | 167,125 | 205,756 | ' | ' | |||
Residential mortgage loans held for sale | 325,875 | ' | 200,546 | 301,057 | ' | ' | |||
Mortgage servicing rights | 0 | [1] | ' | 0 | [1] | 0 | [1] | ' | ' |
Derviative contracts, net of cash collateral, assets | 356,880 | [2] | ' | 262,300 | [3] | 528,618 | [4] | ' | ' |
Other assets - private equity funds | 0 | ' | 0 | 0 | ' | ' | |||
Liabilities: [Abstract] | ' | ' | ' | ' | ' | ' | |||
Derivative contracts net of cash margin, liabilities | 297,851 | [2] | ' | 247,185 | [3] | 521,991 | [4] | ' | ' |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | U.S. Government agency debentures [Member] | ' | ' | ' | ' | ' | ' | |||
Assets [Abstract] | ' | ' | ' | ' | ' | ' | |||
Trading securities | 19,027 | ' | 34,120 | 60,713 | ' | ' | |||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | U.S. agency residential mortgage-backed securities [Member] | ' | ' | ' | ' | ' | ' | |||
Assets [Abstract] | ' | ' | ' | ' | ' | ' | |||
Trading securities | 13,540 | ' | 21,011 | 43,858 | ' | ' | |||
Available for sale securities | 7,259,504 | ' | 7,716,010 | 8,372,795 | ' | ' | |||
Fair value option securities | 181,205 | ' | 157,431 | 203,816 | ' | ' | |||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Municipal and other tax-exempt securities [Member] | ' | ' | ' | ' | ' | ' | |||
Assets [Abstract] | ' | ' | ' | ' | ' | ' | |||
Trading securities | 32,950 | ' | 27,350 | 53,819 | ' | ' | |||
Available for sale securities | 54,525 | ' | 55,970 | 56,256 | ' | ' | |||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Other trading securities [Member] | ' | ' | ' | ' | ' | ' | |||
Assets [Abstract] | ' | ' | ' | ' | ' | ' | |||
Trading securities | 35,580 | ' | 9,135 | 32,201 | ' | ' | |||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | U.S. Treasury [Member] | ' | ' | ' | ' | ' | ' | |||
Assets [Abstract] | ' | ' | ' | ' | ' | ' | |||
Available for sale securities | 0 | ' | 0 | 0 | ' | ' | |||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Privately issued residential mortgage-backed securities [Member] | ' | ' | ' | ' | ' | ' | |||
Assets [Abstract] | ' | ' | ' | ' | ' | ' | |||
Available for sale securities | 179,042 | ' | 221,099 | 297,175 | ' | ' | |||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Commercial mortgage-backed securities guaranteed by U.S. government agencies [Member] | ' | ' | ' | ' | ' | ' | |||
Assets [Abstract] | ' | ' | ' | ' | ' | ' | |||
Available for sale securities | 2,115,295 | ' | 2,055,804 | 1,846,943 | ' | ' | |||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Other debt securities [Member] | ' | ' | ' | ' | ' | ' | |||
Assets [Abstract] | ' | ' | ' | ' | ' | ' | |||
Available for sale securities | 30,297 | ' | 30,529 | 30,701 | ' | ' | |||
Fair value option securities | 4,469 | ' | 9,694 | 1,940 | ' | ' | |||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Perpetual preferred stock [Member] | ' | ' | ' | ' | ' | ' | |||
Assets [Abstract] | ' | ' | ' | ' | ' | ' | |||
Available for sale securities | 24,730 | ' | 22,863 | 25,583 | ' | ' | |||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Equity securities and mutual funds [Member] | ' | ' | ' | ' | ' | ' | |||
Assets [Abstract] | ' | ' | ' | ' | ' | ' | |||
Available for sale securities | 14,947 | ' | 17,121 | 16,155 | ' | ' | |||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' | ' | ' | ' | ' | |||
Assets [Abstract] | ' | ' | ' | ' | ' | ' | |||
Trading securities | 0 | ' | 0 | 0 | ' | ' | |||
Available for sale securities | 14,676 | ' | 26,724 | 46,287 | ' | ' | |||
Fair value option securities | 0 | ' | 0 | 0 | ' | ' | |||
Residential mortgage loans held for sale | 0 | ' | 0 | 0 | ' | ' | |||
Mortgage servicing rights | 155,740 | [1] | ' | 153,333 | [1] | 132,889 | [1] | ' | ' |
Derviative contracts, net of cash collateral, assets | 0 | [2] | ' | 0 | [3] | 0 | [4] | ' | ' |
Other assets - private equity funds | 27,834 | ' | 27,341 | 28,379 | ' | ' | |||
Liabilities: [Abstract] | ' | ' | ' | ' | ' | ' | |||
Derivative contracts net of cash margin, liabilities | 0 | [2] | ' | 0 | [3] | 0 | [4] | ' | ' |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | U.S. Government agency debentures [Member] | ' | ' | ' | ' | ' | ' | |||
Assets [Abstract] | ' | ' | ' | ' | ' | ' | |||
Trading securities | 0 | ' | 0 | 0 | ' | ' | |||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | U.S. agency residential mortgage-backed securities [Member] | ' | ' | ' | ' | ' | ' | |||
Assets [Abstract] | ' | ' | ' | ' | ' | ' | |||
Trading securities | 0 | ' | 0 | 0 | ' | ' | |||
Available for sale securities | 0 | ' | 0 | 0 | ' | ' | |||
Fair value option securities | 0 | ' | 0 | 0 | ' | ' | |||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Municipal and other tax-exempt securities [Member] | ' | ' | ' | ' | ' | ' | |||
Assets [Abstract] | ' | ' | ' | ' | ' | ' | |||
Trading securities | 0 | ' | 0 | 0 | ' | ' | |||
Available for sale securities | 10,445 | ' | 17,805 | 38,847 | ' | ' | |||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Other trading securities [Member] | ' | ' | ' | ' | ' | ' | |||
Assets [Abstract] | ' | ' | ' | ' | ' | ' | |||
Trading securities | 0 | ' | 0 | 0 | ' | ' | |||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | U.S. Treasury [Member] | ' | ' | ' | ' | ' | ' | |||
Assets [Abstract] | ' | ' | ' | ' | ' | ' | |||
Available for sale securities | 0 | ' | 0 | 0 | ' | ' | |||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Privately issued residential mortgage-backed securities [Member] | ' | ' | ' | ' | ' | ' | |||
Assets [Abstract] | ' | ' | ' | ' | ' | ' | |||
Available for sale securities | 0 | ' | 0 | 0 | ' | ' | |||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Commercial mortgage-backed securities guaranteed by U.S. government agencies [Member] | ' | ' | ' | ' | ' | ' | |||
Assets [Abstract] | ' | ' | ' | ' | ' | ' | |||
Available for sale securities | 0 | ' | 0 | 0 | ' | ' | |||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Other debt securities [Member] | ' | ' | ' | ' | ' | ' | |||
Assets [Abstract] | ' | ' | ' | ' | ' | ' | |||
Available for sale securities | 4,231 | ' | 4,712 | 5,193 | ' | ' | |||
Fair value option securities | 0 | ' | 0 | 0 | ' | ' | |||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Perpetual preferred stock [Member] | ' | ' | ' | ' | ' | ' | |||
Assets [Abstract] | ' | ' | ' | ' | ' | ' | |||
Available for sale securities | 0 | ' | 0 | 0 | ' | ' | |||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Equity securities and mutual funds [Member] | ' | ' | ' | ' | ' | ' | |||
Assets [Abstract] | ' | ' | ' | ' | ' | ' | |||
Available for sale securities | $0 | ' | $4,207 | $2,247 | ' | ' | |||
[1] | A reconciliation of the beginning and ending fair value of mortgage servicing rights and disclosures of significant assumptions used to determine fair value are presented in Note 6, Mortgage Banking Activities. | ||||||||
[2] | See Note 3 for detail of fair value of derivative contracts by contract type. Derivative contracts in asset positions that were valued based on quoted prices in active markets for identical instruments (Level 1) are exchange-traded energy derivative contacts, net of cash margin. Derivative contacts in liability positions that were valued using quoted prices in active market for identical instruments are exchange-traded energy, agricultural and interest rate derivative contracts that were fully offset by cash margin. | ||||||||
[3] | See Note 3 for detail of fair value of derivative contracts by contract type. Derivative contracts based on quoted prices in active markets for identical instruments (Level 1) are exchange-traded energy derivative contacts, net of cash margin. | ||||||||
[4] | See Note 3 for detail of fair value of derivative contracts by contract type. Derivative contracts based on quoted prices in active markets for identical instruments (Level 1) are exchange-traded energy and agricultural derivative contacts, net of cash margin. |
Fair_Value_Measurements_Measur
Fair Value Measurements, Measured On Recurring Basis Significant Unobservable Inputs (Details) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Fair Value Assets Measured on Recurring Basis Unobservable Reconciliation [Roll Forward] | ' | ' | ' | ' |
Charitable contributions to BOKF Foundation | $0 | $0 | $2,420 | $0 |
Fair Value, Inputs, Level 3 [Member] | Available-for-sale Securities [Member] | Municipal and other tax-exempt securities [Member] | ' | ' | ' | ' |
Fair Value Assets Measured on Recurring Basis Unobservable Reconciliation [Roll Forward] | ' | ' | ' | ' |
Balance at beginning of period | 15,523 | 39,007 | 17,805 | 40,702 |
Transfer to Level 3 from Level 2 | 0 | 0 | 0 | 0 |
Purchases and capital calls | 0 | 0 | 0 | 0 |
Redemptions and distributions | -5,165 | 0 | -7,487 | -98 |
Other comprehensive gain (loss) | 244 | -160 | 362 | -1,757 |
Balance at end of period | 10,445 | 38,847 | 10,445 | 38,847 |
Fair Value, Inputs, Level 3 [Member] | Available-for-sale Securities [Member] | Municipal and other tax-exempt securities [Member] | Gain (loss) on assets [Member] | ' | ' | ' | ' |
Fair Value Assets Measured on Recurring Basis Unobservable Reconciliation [Roll Forward] | ' | ' | ' | ' |
Gain (loss) recognized in earnings | 0 | 0 | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Available-for-sale Securities [Member] | Municipal and other tax-exempt securities [Member] | Loss on available for sale securities, net [Member] | ' | ' | ' | ' |
Fair Value Assets Measured on Recurring Basis Unobservable Reconciliation [Roll Forward] | ' | ' | ' | ' |
Gain (loss) recognized in earnings | -157 | ' | -235 | ' |
Fair Value, Inputs, Level 3 [Member] | Available-for-sale Securities [Member] | Municipal and other tax-exempt securities [Member] | Charitable Contributions to BOKF Foundation [Member] | ' | ' | ' | ' |
Fair Value Assets Measured on Recurring Basis Unobservable Reconciliation [Roll Forward] | ' | ' | ' | ' |
Gain (loss) recognized in earnings | 0 | ' | 0 | ' |
Fair Value, Inputs, Level 3 [Member] | Available-for-sale Securities [Member] | Other debt securities [Member] | ' | ' | ' | ' |
Fair Value Assets Measured on Recurring Basis Unobservable Reconciliation [Roll Forward] | ' | ' | ' | ' |
Balance at beginning of period | 4,712 | 5,193 | 4,712 | 5,399 |
Transfer to Level 3 from Level 2 | 0 | 0 | 0 | 0 |
Purchases and capital calls | 0 | 0 | 0 | 0 |
Redemptions and distributions | -500 | 0 | -500 | 0 |
Other comprehensive gain (loss) | 19 | 0 | 19 | -206 |
Balance at end of period | 4,231 | 5,193 | 4,231 | 5,193 |
Fair Value, Inputs, Level 3 [Member] | Available-for-sale Securities [Member] | Other debt securities [Member] | Gain (loss) on assets [Member] | ' | ' | ' | ' |
Fair Value Assets Measured on Recurring Basis Unobservable Reconciliation [Roll Forward] | ' | ' | ' | ' |
Gain (loss) recognized in earnings | 0 | 0 | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Available-for-sale Securities [Member] | Other debt securities [Member] | Loss on available for sale securities, net [Member] | ' | ' | ' | ' |
Fair Value Assets Measured on Recurring Basis Unobservable Reconciliation [Roll Forward] | ' | ' | ' | ' |
Gain (loss) recognized in earnings | 0 | ' | 0 | ' |
Fair Value, Inputs, Level 3 [Member] | Available-for-sale Securities [Member] | Other debt securities [Member] | Charitable Contributions to BOKF Foundation [Member] | ' | ' | ' | ' |
Fair Value Assets Measured on Recurring Basis Unobservable Reconciliation [Roll Forward] | ' | ' | ' | ' |
Gain (loss) recognized in earnings | 0 | ' | 0 | ' |
Fair Value, Inputs, Level 3 [Member] | Available-for-sale Securities [Member] | Equity securities and mutual funds [Member] | ' | ' | ' | ' |
Fair Value Assets Measured on Recurring Basis Unobservable Reconciliation [Roll Forward] | ' | ' | ' | ' |
Balance at beginning of period | 0 | 2,472 | 4,207 | 2,161 |
Transfer to Level 3 from Level 2 | 0 | 0 | 0 | ' |
Purchases and capital calls | 0 | 0 | 0 | 0 |
Redemptions and distributions | 0 | 0 | 0 | 0 |
Other comprehensive gain (loss) | 0 | -225 | -1,787 | 86 |
Balance at end of period | 0 | 2,247 | 0 | 2,247 |
Fair Value, Inputs, Level 3 [Member] | Available-for-sale Securities [Member] | Equity securities and mutual funds [Member] | Gain (loss) on assets [Member] | ' | ' | ' | ' |
Fair Value Assets Measured on Recurring Basis Unobservable Reconciliation [Roll Forward] | ' | ' | ' | ' |
Gain (loss) recognized in earnings | 0 | 0 | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Available-for-sale Securities [Member] | Equity securities and mutual funds [Member] | Loss on available for sale securities, net [Member] | ' | ' | ' | ' |
Fair Value Assets Measured on Recurring Basis Unobservable Reconciliation [Roll Forward] | ' | ' | ' | ' |
Gain (loss) recognized in earnings | 0 | ' | 0 | ' |
Fair Value, Inputs, Level 3 [Member] | Available-for-sale Securities [Member] | Equity securities and mutual funds [Member] | Charitable Contributions to BOKF Foundation [Member] | ' | ' | ' | ' |
Fair Value Assets Measured on Recurring Basis Unobservable Reconciliation [Roll Forward] | ' | ' | ' | ' |
Gain (loss) recognized in earnings | 0 | ' | -2,420 | ' |
Fair Value, Inputs, Level 3 [Member] | Other Assets [Member] | Private equity funds [Member] | ' | ' | ' | ' |
Fair Value Assets Measured on Recurring Basis Unobservable Reconciliation [Roll Forward] | ' | ' | ' | ' |
Balance at beginning of period | 27,466 | 29,216 | 27,341 | 28,169 |
Transfer to Level 3 from Level 2 | 0 | 0 | 0 | 0 |
Purchases and capital calls | 220 | 148 | 425 | 640 |
Redemptions and distributions | -2,076 | -1,005 | -3,181 | -1,835 |
Other comprehensive gain (loss) | 0 | 0 | 0 | 0 |
Balance at end of period | 27,833 | 28,379 | 27,833 | 28,379 |
Fair Value, Inputs, Level 3 [Member] | Other Assets [Member] | Private equity funds [Member] | Gain (loss) on assets [Member] | ' | ' | ' | ' |
Fair Value Assets Measured on Recurring Basis Unobservable Reconciliation [Roll Forward] | ' | ' | ' | ' |
Gain (loss) recognized in earnings | 2,223 | 20 | 3,248 | 1,405 |
Fair Value, Inputs, Level 3 [Member] | Other Assets [Member] | Private equity funds [Member] | Loss on available for sale securities, net [Member] | ' | ' | ' | ' |
Fair Value Assets Measured on Recurring Basis Unobservable Reconciliation [Roll Forward] | ' | ' | ' | ' |
Gain (loss) recognized in earnings | 0 | ' | 0 | ' |
Fair Value, Inputs, Level 3 [Member] | Other Assets [Member] | Private equity funds [Member] | Charitable Contributions to BOKF Foundation [Member] | ' | ' | ' | ' |
Fair Value Assets Measured on Recurring Basis Unobservable Reconciliation [Roll Forward] | ' | ' | ' | ' |
Gain (loss) recognized in earnings | $0 | ' | $0 | ' |
Fair_Value_Measurements_Fair_V1
Fair Value Measurements Fair Value Measurements, Financial Instruments Measured On a Recurring Basis, Quantitative Information (Details) (Fair Value, Inputs, Level 3 [Member], USD $) | 3 Months Ended | |||||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | |||
Available-for-sale Securities [Member] | Municipal and other tax-exempt securities [Member] | ' | ' | ' | |||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' | ' | |||
Fair Value Inputs, Asset, Par Value | $10,970 | $18,695 | $45,470 | |||
Fair Value Inputs, Asset, Amortized Cost | 10,903 | 18,624 | 40,759 | [1] | ||
Fair Value Inputs, Asset, Fair Value | 10,445 | 17,805 | 38,847 | |||
Fair Value Measurements, Valuation Techniques | 'Discounted cash flows | [2] | 'Discounted cash flows | [2] | ' | |
Fair Value Measurements, Significant Unobservable Input | 'Interest rate spread | 'Interest rate spread | ' | |||
Fair Value Inputs, Assets, Discount Rate, Minimum | 4.91% | [3] | 4.97% | [4] | ' | |
Fair Value Inputs, Assets, Discount Rate, Maximum | 5.21% | [3] | 5.27% | [4] | ' | |
Fair Value Inputs, Assets, Discount Rate, Weighted Average | 5.17% | [3] | 5.16% | [4] | ' | |
Fair Value Inputs, Assets, Fair Value As Percentage of Par Value, Minimum | 95.11% | [5] | 95.02% | [5] | ' | |
Fair Value Inputs, Assets, Fair Value As Percentage of Par Value, Maximum | 96.13% | [5] | 95.50% | [5] | ' | |
Fair Value Inputs, Fair Value As Percentage of Par Value, Weighted Average | 95.38% | [5] | 95.24% | [5] | ' | |
Investment Grade Tax Exempt Securities Yield Spread Over Comparable Securities Minimum | 480 | 467 | ' | |||
Investment Grade Tax Exempt Securities Yield Spread Over Comparable Securities Maximum | 508 | 518 | ' | |||
Additional Decrease in Fair Value From a 100 Basis Point Increase in Interest Rate Spread | -101 | ' | ' | |||
Available-for-sale Securities [Member] | Municipal and other tax-exempt securities [Member] | External Credit Rating, Investment Grade [Member] | ' | ' | ' | |||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' | ' | |||
Fair Value Inputs, Asset, Par Value | ' | ' | 28,470 | |||
Fair Value Inputs, Asset, Amortized Cost | ' | ' | 28,375 | [1] | ||
Fair Value Inputs, Asset, Fair Value | ' | ' | 27,116 | |||
Fair Value Measurements, Valuation Techniques | ' | ' | 'Discounted cash flows | [2] | ||
Fair Value Measurements, Significant Unobservable Input | ' | ' | 'Interest rate spread | |||
Fair Value Inputs, Assets, Discount Rate, Minimum | ' | ' | 4.99% | [6] | ||
Fair Value Inputs, Assets, Discount Rate, Maximum | ' | ' | 5.49% | [6] | ||
Fair Value Inputs, Assets, Discount Rate, Weighted Average | ' | ' | 5.24% | [6] | ||
Fair Value Inputs, Assets, Fair Value As Percentage of Par Value, Minimum | ' | ' | 95.01% | [5] | ||
Fair Value Inputs, Assets, Fair Value As Percentage of Par Value, Maximum | ' | ' | 95.60% | [5] | ||
Fair Value Inputs, Fair Value As Percentage of Par Value, Weighted Average | ' | ' | 95.25% | [5] | ||
Investment Grade Tax Exempt Securities Yield Spread Over Comparable Securities Minimum | ' | ' | 457 | |||
Investment Grade Tax Exempt Securities Yield Spread Over Comparable Securities Maximum | ' | ' | 520 | |||
Available-for-sale Securities [Member] | Municipal and other tax-exempt securities [Member] | External Credit Rating, Non Investment Grade [Member] | ' | ' | ' | |||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' | ' | |||
Fair Value Inputs, Asset, Par Value | ' | ' | 17,000 | |||
Fair Value Inputs, Asset, Amortized Cost | ' | ' | 12,384 | [1] | ||
Fair Value Inputs, Asset, Fair Value | ' | ' | 11,731 | |||
Fair Value Measurements, Valuation Techniques | ' | ' | 'Discounted cash flows | [2] | ||
Fair Value Measurements, Significant Unobservable Input | ' | ' | 'Interest rate spread | |||
Fair Value Inputs, Assets, Discount Rate, Minimum | ' | ' | 9.15% | [7] | ||
Fair Value Inputs, Assets, Discount Rate, Maximum | ' | ' | 11.19% | [7] | ||
Fair Value Inputs, Assets, Discount Rate, Weighted Average | ' | ' | 9.87% | [7] | ||
Fair Value Inputs, Assets, Fair Value As Percentage of Par Value, Minimum | ' | ' | 68.91% | [5] | ||
Fair Value Inputs, Assets, Fair Value As Percentage of Par Value, Maximum | ' | ' | 69.09% | [5] | ||
Fair Value Inputs, Fair Value As Percentage of Par Value, Weighted Average | ' | ' | 69.01% | [5] | ||
Below Investment Grade Tax Exempt Securities Yield Spread Over Comparable Securities | ' | ' | 700 | |||
Available-for-sale Securities [Member] | Other debt securities [Member] | ' | ' | ' | |||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' | ' | |||
Fair Value Inputs, Asset, Par Value | 4,400 | 4,900 | 5,400 | |||
Fair Value Inputs, Asset, Amortized Cost | 4,400 | 4,900 | 5,400 | [1] | ||
Fair Value Inputs, Asset, Fair Value | 4,231 | 4,712 | 5,193 | |||
Fair Value Measurements, Valuation Techniques | 'Discounted cash flows | [2] | 'Discounted cash flows | [2] | 'Discounted cash flows | [2] |
Fair Value Measurements, Significant Unobservable Input | 'Interest rate spread | 'Interest rate spread | 'Interest rate spread | |||
Fair Value Inputs, Assets, Discount Rate, Minimum | 4.38% | [8] | 5.67% | [8] | 4.41% | [8] |
Fair Value Inputs, Assets, Discount Rate, Maximum | 5.65% | [8] | 5.67% | [8] | 5.69% | [8] |
Fair Value Inputs, Assets, Discount Rate, Weighted Average | 5.51% | [8] | 5.67% | [8] | 5.48% | [8] |
Fair Value Inputs, Assets, Fair Value As Percentage of Par Value, Minimum | 95.11% | [5] | 96.16% | [5] | 96.13% | [5] |
Fair Value Inputs, Assets, Fair Value As Percentage of Par Value, Maximum | 95.28% | [5] | 96.16% | [5] | 96.16% | [5] |
Fair Value Inputs, Fair Value As Percentage of Par Value, Weighted Average | 95.17% | [5] | 96.16% | [5] | 96.16% | [5] |
Average Yields On Comparable Short-term Taxable Securities Maximum | 1.00% | 1.00% | 1.00% | |||
Additional Decrease in Fair Value From a 100 Basis Point Increase in Interest Rate Spread | -41 | ' | ' | |||
Available-for-sale Securities [Member] | Equity securities and mutual funds [Member] | ' | ' | ' | |||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' | ' | |||
Fair Value Inputs, Asset, Amortized Cost | ' | 2,420 | 2,420 | |||
Fair Value Inputs, Asset, Fair Value | ' | 4,207 | 2,247 | |||
Fair Value Measurements, Valuation Techniques | ' | 'Publicly announced preliminary purchase price information from acquirer. | 'Tangible book value per share of publicly traded financial institutions of similar size, less liquidity discount. | |||
Fair Value Measurements, Significant Unobservable Input | ' | 'Discount for settlement uncertainty. | 'Peer group tangible book per share and liquidity discount. | |||
Fair Value Inputs, Assets, Liquidity Discount | ' | ' | 20.00% | |||
Other assets - private equity funds [Member] | ' | ' | ' | |||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' | ' | |||
Fair Value Inputs, Asset, Fair Value | $27,834 | $27,341 | $28,379 | |||
Fair Value Measurements, Valuation Techniques | 'Net asset value reported by underlying fund | 'Net asset value reported by underlying fund | 'Net asset value reported by underlying fund | |||
Fair Value Measurements, Significant Unobservable Input | 'Net asset value reported by underlying fund | 'Net asset value reported by underlying fund | 'Net asset value reported by underlying fund | |||
[1] | Amortized cost reduced by other-than-temporary impairments recorded in earnings. See Note 2 for additional discussion. | |||||
[2] | Discounted cash flows developed using discount rates primarily based on reference to interest rate spreads for comparable securities of similar duration and credit rating as determined by the nationally-recognized rating agencies, adjusted for lack of trading volume | |||||
[3] | Interest rate yields used to value investment grade tax-exempt securities represent a spread of 480 to 508 basis points over average yields for comparable tax-exempt securities. | |||||
[4] | Interest rate yields used to value investment grade tax-exempt securities represent a spread of 467 to 518 basis points over average yields for comparable tax-exempt securities. | |||||
[5] | Represents fair value as a percentage of par value | |||||
[6] | Interest rate yields used to value investment grade tax-exempt securities represent a spread of 457 to 520 basis points over average yields for comparable tax-exempt securities. | |||||
[7] | Interest rate yields determined using a spread of 700 basis points over comparable municipal securities of varying durations. | |||||
[8] | Interest rate yields used to value investment grade taxable securities based on comparable short-term taxable securities which are generally yielding less than 1%. |
Fair_Value_Measurements_Fair_V2
Fair Value Measurements, Fair Value Measured On a Nonrecurring Basis (Details) (Fair Value, Measurements, Nonrecurring [Member], USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Impaired Loans [Member] | ' | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' |
Gross charge-offs against allowance for loan losses | $949 | $5,060 | $1,627 | $6,601 |
Net losses and expenses of repossessed assets, net | 0 | 0 | 0 | 0 |
Real estate and other repossessed assets [Member] | ' | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' |
Gross charge-offs against allowance for loan losses | 0 | 0 | 0 | 0 |
Net losses and expenses of repossessed assets, net | -21 | 863 | 1,308 | 1,014 |
Fair Value, Inputs, Level 1 [Member] | Impaired Loans [Member] | ' | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' |
Assets, Fair Value Disclosure, Nonrecurring | 0 | 0 | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Real estate and other repossessed assets [Member] | ' | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' |
Assets, Fair Value Disclosure, Nonrecurring | 0 | 0 | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | Impaired Loans [Member] | ' | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' |
Assets, Fair Value Disclosure, Nonrecurring | 5,182 | 10,245 | 5,182 | 10,245 |
Fair Value, Inputs, Level 2 [Member] | Real estate and other repossessed assets [Member] | ' | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' |
Assets, Fair Value Disclosure, Nonrecurring | 8,303 | 7,949 | 8,303 | 7,949 |
Fair Value, Inputs, Level 3 [Member] | Impaired Loans [Member] | ' | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' |
Assets, Fair Value Disclosure, Nonrecurring | 65 | 4,930 | 65 | 4,930 |
Fair Value, Inputs, Level 3 [Member] | Real estate and other repossessed assets [Member] | ' | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' |
Assets, Fair Value Disclosure, Nonrecurring | $27 | $271 | $27 | $271 |
Fair_Value_Measurements_Fair_V3
Fair Value Measurements Fair Value Measurement, Measured On Non-Recurring Basis, Signfiicant Unobservable Inputs, Quantitative Information (Details) (Fair Value, Measurements, Nonrecurring [Member], Fair Value, Inputs, Level 3 [Member], USD $) | 3 Months Ended | |||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | ||
Impaired Loans [Member] | ' | ' | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' | ||
Assets, Fair Value Disclosure, Nonrecurring | $65 | $4,930 | ||
Fair Value Measurements, Valuation Techniques | 'Appraised value, as adjusted | 'Appraised value, as adjusted | ||
Fair Value Measurements, Significant Unobservable Input | 'Broker quotes and management's knowledge of industry and collateral. | 'Broker quotes and management's knowledge of industry and collateral. | ||
Real estate and other repossessed assets [Member] | ' | ' | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' | ||
Assets, Fair Value Disclosure, Nonrecurring | $27 | $271 | ||
Fair Value Measurements, Valuation Techniques | 'Listing value, less cost to sell | 'Listing value, less cost to sell | ||
Fair Value Measurements, Significant Unobservable Input | 'Marketability adjustment off appraised value | 'Marketability adjustments off appraised value | ||
Fair Value Measurement, Percentage of Appraised Value, Minimum | 77.00% | [1] | 71.00% | [2] |
Fair Value Measurement, Percentage of Appraised Value, Maximum | 77.00% | [1] | 81.00% | [2] |
Fair Value Measurement, Percentage of Appraised Value, Weighted Average | 77.00% | [1] | 76.00% | [2] |
Fair Value Measurement, Marketability adjustment as perecentage of appraised value | 10.00% | 15.00% | ||
[1] | Marketability adjustments include consideration of estimated costs to sell, which is approximately 10% of fair value. | |||
[2] | Marketability adjustments include consideration of estimated costs to sell, which is approximately 15% of fair value. |
Fair_Value_Measurements_Financ
Fair Value Measurements, Financial Instruments (Details) (USD $) | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' | ' | |||
Interest-bearing cash and cash equivalents | $732,395,000 | ' | $574,282,000 | $570,836,000 | ' | ' | |||
Trading securities | 101,097,000 | ' | 91,616,000 | 190,591,000 | ' | ' | |||
Investment securities | 649,937,000 | [1] | ' | 677,878,000 | [2] | 615,790,000 | [3] | ' | ' |
Available for sale securities | 9,699,146,000 | ' | 10,147,162,000 | 10,698,074,000 | ' | ' | |||
Fair value option securities | 185,674,000 | ' | 167,125,000 | 205,756,000 | ' | ' | |||
Residential mortgage loans held for sale | 325,875,000 | ' | 200,546,000 | 301,057,000 | ' | ' | |||
Loans | 13,426,858,000 | ' | 12,792,264,000 | 12,440,782,000 | ' | ' | |||
Allowance for loan losses | -190,690,000 | -188,318,000 | -185,396,000 | -203,124,000 | -205,965,000 | -215,507,000 | |||
Loans, net of allowance | 13,236,168,000 | ' | 12,606,868,000 | 12,237,658,000 | ' | ' | |||
Mortgage servicing rights | 155,740,000 | 153,774,000 | 153,333,000 | 132,889,000 | 109,840,000 | 100,812,000 | |||
Derviative contracts, net of cash collateral, assets | 357,680,000 | ' | 265,012,000 | 546,206,000 | ' | ' | |||
Time deposits | 2,615,826,000 | ' | 2,695,993,000 | 2,767,972,000 | ' | ' | |||
Subordinated debentures | 347,890,000 | ' | 347,802,000 | 347,716,000 | ' | ' | |||
Derivative contracts net of cash margin, liabilities | 297,851,000 | ' | 247,185,000 | 521,991,000 | ' | ' | |||
Fair Value Assumptions and Methodology for Assets and Liabilities [Abstract] | ' | ' | ' | ' | ' | ' | |||
Specific allocation of allowance for loan losses included in fair value of loans | 164,000,000 | ' | 157,000,000 | 161,000,000 | ' | ' | |||
Commercial [Member] | ' | ' | ' | ' | ' | ' | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' | ' | |||
Loans | 8,367,661,000 | ' | 7,943,221,000 | 7,708,120,000 | ' | ' | |||
Allowance for loan losses | -87,806,000 | -85,246,000 | -79,180,000 | -64,044,000 | -66,419,000 | -65,280,000 | |||
Commercial Real Estate [Member] | ' | ' | ' | ' | ' | ' | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' | ' | |||
Loans | 2,654,978,000 | ' | 2,415,353,000 | 2,317,096,000 | ' | ' | |||
Allowance for loan losses | -41,252,000 | -41,589,000 | -41,573,000 | -49,687,000 | -48,528,000 | -54,884,000 | |||
Residential Mortgage [Member] | ' | ' | ' | ' | ' | ' | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' | ' | |||
Loans | 2,008,215,000 | ' | 2,052,026,000 | 2,039,785,000 | ' | ' | |||
Allowance for loan losses | -27,654,000 | -28,307,000 | -29,465,000 | -39,206,000 | -40,222,000 | -41,703,000 | |||
Consumer [Member] | ' | ' | ' | ' | ' | ' | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' | ' | |||
Loans | 396,004,000 | ' | 381,664,000 | 375,781,000 | ' | ' | |||
Allowance for loan losses | -7,029,000 | -6,211,000 | -6,965,000 | -7,738,000 | -7,984,000 | -9,453,000 | |||
U.S. Government agency debentures [Member] | ' | ' | ' | ' | ' | ' | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' | ' | |||
Trading securities | 19,027,000 | ' | 34,120,000 | 60,713,000 | ' | ' | |||
U.S. agency residential mortgage-backed securities [Member] | ' | ' | ' | ' | ' | ' | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' | ' | |||
Trading securities | 13,540,000 | ' | 21,011,000 | 43,858,000 | ' | ' | |||
Available for sale securities | 7,259,504,000 | ' | 7,716,010,000 | 8,372,795,000 | ' | ' | |||
Fair value option securities | 181,205,000 | ' | 157,431,000 | 203,816,000 | ' | ' | |||
Municipal and other tax-exempt securities [Member] | ' | ' | ' | ' | ' | ' | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' | ' | |||
Trading securities | 32,950,000 | ' | 27,350,000 | 53,819,000 | ' | ' | |||
Investment securities | 425,221,000 | [1] | ' | 440,187,000 | [2] | 375,317,000 | [3] | ' | ' |
Available for sale securities | 64,970,000 | ' | 73,775,000 | 95,103,000 | ' | ' | |||
Other trading securities [Member] | ' | ' | ' | ' | ' | ' | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' | ' | |||
Trading securities | 35,580,000 | ' | 9,135,000 | 32,201,000 | ' | ' | |||
U.S. Treasury [Member] | ' | ' | ' | ' | ' | ' | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' | ' | |||
Available for sale securities | 1,024,000 | ' | 1,042,000 | 1,060,000 | ' | ' | |||
Privately issued residential mortgage-backed securities [Member] | ' | ' | ' | ' | ' | ' | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' | ' | |||
Available for sale securities | 179,042,000 | ' | 221,099,000 | 297,175,000 | ' | ' | |||
Commercial mortgage-backed securities guaranteed by U.S. government agencies [Member] | ' | ' | ' | ' | ' | ' | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' | ' | |||
Available for sale securities | 2,115,295,000 | ' | 2,055,804,000 | 1,846,943,000 | ' | ' | |||
Other debt securities [Member] | ' | ' | ' | ' | ' | ' | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' | ' | |||
Investment securities | 182,743,000 | [1] | ' | 187,509,000 | [2] | 176,301,000 | [3] | ' | ' |
Available for sale securities | 34,528,000 | ' | 35,241,000 | 35,894,000 | ' | ' | |||
Fair value option securities | 4,469,000 | ' | 9,694,000 | 1,940,000 | ' | ' | |||
Perpetual preferred stock [Member] | ' | ' | ' | ' | ' | ' | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' | ' | |||
Available for sale securities | 24,730,000 | ' | 22,863,000 | 25,583,000 | ' | ' | |||
Equity securities and mutual funds [Member] | ' | ' | ' | ' | ' | ' | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' | ' | |||
Available for sale securities | 20,053,000 | ' | 21,328,000 | 23,521,000 | ' | ' | |||
Carrying (Reported) Amount, Fair Value Disclosure [Member] | ' | ' | ' | ' | ' | ' | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' | ' | |||
Cash and due from banks | 615,479,000 | ' | 512,931,000 | 507,551,000 | ' | ' | |||
Interest-bearing cash and cash equivalents | 732,395,000 | ' | 574,282,000 | 570,836,000 | ' | ' | |||
Trading securities | 101,097,000 | ' | 91,616,000 | 190,591,000 | ' | ' | |||
Investment securities | 649,937,000 | ' | 677,878,000 | 615,790,000 | ' | ' | |||
Available for sale securities | 9,699,146,000 | ' | 10,147,162,000 | 10,698,074,000 | ' | ' | |||
Fair value option securities | 185,674,000 | ' | 167,125,000 | 205,756,000 | ' | ' | |||
Residential mortgage loans held for sale | 325,875,000 | ' | 200,546,000 | 301,057,000 | ' | ' | |||
Loans | 13,426,858,000 | ' | 12,792,264,000 | 12,440,782,000 | ' | ' | |||
Allowance for loan losses | -190,690,000 | ' | -185,396,000 | -203,124,000 | ' | ' | |||
Loans, net of allowance | 13,236,168,000 | ' | 12,606,868,000 | 12,237,658,000 | ' | ' | |||
Mortgage servicing rights | 155,740,000 | ' | 153,333,000 | 132,889,000 | ' | ' | |||
Derviative contracts, net of cash collateral, assets | 357,680,000 | ' | 265,012,000 | 546,206,000 | ' | ' | |||
Other assets - private equity funds | 27,834,000 | ' | 27,341,000 | 28,379,000 | ' | ' | |||
Deposits with no stated maturity | 17,956,038,000 | ' | 17,573,334,000 | 16,728,258,000 | ' | ' | |||
Time deposits | 2,615,826,000 | ' | 2,695,993,000 | 2,767,972,000 | ' | ' | |||
Other borrowed funds | 3,009,610,000 | ' | 2,721,888,000 | 4,073,915,000 | ' | ' | |||
Subordinated debentures | 347,890,000 | ' | 347,802,000 | 347,716,000 | ' | ' | |||
Derivative contracts net of cash margin, liabilities | 297,851,000 | ' | 247,185,000 | 521,991,000 | ' | ' | |||
Carrying (Reported) Amount, Fair Value Disclosure [Member] | Commercial [Member] | ' | ' | ' | ' | ' | ' | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' | ' | |||
Loans | 8,367,661,000 | ' | 7,943,221,000 | 7,708,120,000 | ' | ' | |||
Carrying (Reported) Amount, Fair Value Disclosure [Member] | Commercial Real Estate [Member] | ' | ' | ' | ' | ' | ' | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' | ' | |||
Loans | 2,654,978,000 | ' | 2,415,353,000 | 2,317,096,000 | ' | ' | |||
Carrying (Reported) Amount, Fair Value Disclosure [Member] | Residential Mortgage [Member] | ' | ' | ' | ' | ' | ' | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' | ' | |||
Loans | 2,008,215,000 | ' | 2,052,026,000 | 2,039,785,000 | ' | ' | |||
Carrying (Reported) Amount, Fair Value Disclosure [Member] | Consumer [Member] | ' | ' | ' | ' | ' | ' | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' | ' | |||
Loans | 396,004,000 | ' | 381,664,000 | 375,781,000 | ' | ' | |||
Carrying (Reported) Amount, Fair Value Disclosure [Member] | U.S. Government agency debentures [Member] | ' | ' | ' | ' | ' | ' | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' | ' | |||
Trading securities | 19,027,000 | ' | 34,120,000 | 60,713,000 | ' | ' | |||
Carrying (Reported) Amount, Fair Value Disclosure [Member] | U.S. agency residential mortgage-backed securities [Member] | ' | ' | ' | ' | ' | ' | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' | ' | |||
Trading securities | 13,540,000 | ' | 21,011,000 | 43,858,000 | ' | ' | |||
Investment securities | 41,973,000 | ' | 50,182,000 | 64,172,000 | ' | ' | |||
Available for sale securities | 7,259,504,000 | ' | 7,716,010,000 | 8,372,795,000 | ' | ' | |||
Fair value option securities | 181,205,000 | ' | 157,431,000 | 203,816,000 | ' | ' | |||
Carrying (Reported) Amount, Fair Value Disclosure [Member] | Municipal and other tax-exempt securities [Member] | ' | ' | ' | ' | ' | ' | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' | ' | |||
Trading securities | 32,950,000 | ' | 27,350,000 | 53,819,000 | ' | ' | |||
Investment securities | 425,221,000 | ' | 440,187,000 | 375,317,000 | ' | ' | |||
Available for sale securities | 64,970,000 | ' | 73,775,000 | 95,103,000 | ' | ' | |||
Carrying (Reported) Amount, Fair Value Disclosure [Member] | Other trading securities [Member] | ' | ' | ' | ' | ' | ' | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' | ' | |||
Trading securities | 35,580,000 | ' | 9,135,000 | 32,201,000 | ' | ' | |||
Carrying (Reported) Amount, Fair Value Disclosure [Member] | U.S. Treasury [Member] | ' | ' | ' | ' | ' | ' | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' | ' | |||
Available for sale securities | 1,024,000 | ' | 1,042,000 | 1,060,000 | ' | ' | |||
Carrying (Reported) Amount, Fair Value Disclosure [Member] | Privately issued residential mortgage-backed securities [Member] | ' | ' | ' | ' | ' | ' | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' | ' | |||
Available for sale securities | 179,042,000 | ' | 221,099,000 | 297,175,000 | ' | ' | |||
Carrying (Reported) Amount, Fair Value Disclosure [Member] | Commercial mortgage-backed securities guaranteed by U.S. government agencies [Member] | ' | ' | ' | ' | ' | ' | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' | ' | |||
Available for sale securities | 2,115,295,000 | ' | 2,055,804,000 | 1,846,943,000 | ' | ' | |||
Carrying (Reported) Amount, Fair Value Disclosure [Member] | Other debt securities [Member] | ' | ' | ' | ' | ' | ' | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' | ' | |||
Investment securities | 182,743,000 | ' | 187,509,000 | 176,301,000 | ' | ' | |||
Available for sale securities | 34,528,000 | ' | 35,241,000 | 35,894,000 | ' | ' | |||
Fair value option securities | 4,469,000 | ' | 9,694,000 | 1,940,000 | ' | ' | |||
Carrying (Reported) Amount, Fair Value Disclosure [Member] | Perpetual preferred stock [Member] | ' | ' | ' | ' | ' | ' | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' | ' | |||
Available for sale securities | 24,730,000 | ' | 22,863,000 | 25,583,000 | ' | ' | |||
Carrying (Reported) Amount, Fair Value Disclosure [Member] | Equity securities and mutual funds [Member] | ' | ' | ' | ' | ' | ' | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' | ' | |||
Available for sale securities | 20,053,000 | ' | 21,328,000 | 23,521,000 | ' | ' | |||
Estimate of Fair Value, Fair Value Disclosure [Member] | ' | ' | ' | ' | ' | ' | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' | ' | |||
Cash and due from banks | 615,479,000 | ' | 512,931,000 | 507,551,000 | ' | ' | |||
Interest-bearing cash and cash equivalents | 732,395,000 | ' | 574,282,000 | 570,836,000 | ' | ' | |||
Trading securities | 101,097,000 | ' | 91,616,000 | 190,591,000 | ' | ' | |||
Investment securities | 670,811,000 | ' | 687,127,000 | 625,705,000 | ' | ' | |||
Available for sale securities | 9,699,146,000 | ' | 10,147,162,000 | 10,698,074,000 | ' | ' | |||
Fair value option securities | 185,674,000 | ' | 167,125,000 | 205,756,000 | ' | ' | |||
Residential mortgage loans held for sale | 325,875,000 | ' | 200,546,000 | 301,057,000 | ' | ' | |||
Loans | 12,962,523,000 | ' | 12,674,420,000 | 12,334,265,000 | ' | ' | |||
Allowance for loan losses | 0 | ' | 0 | 0 | ' | ' | |||
Loans, net of allowance | 12,962,523,000 | ' | 12,674,420,000 | 12,334,265,000 | ' | ' | |||
Mortgage servicing rights | 155,740,000 | ' | 153,333,000 | 132,889,000 | ' | ' | |||
Derviative contracts, net of cash collateral, assets | 357,680,000 | ' | 265,012,000 | 546,206,000 | ' | ' | |||
Other assets - private equity funds | 27,834,000 | ' | 27,341,000 | 28,379,000 | ' | ' | |||
Deposits with no stated maturity | 17,956,038,000 | ' | 17,573,334,000 | 16,728,258,000 | ' | ' | |||
Time deposits | 2,623,086,000 | ' | 2,697,290,000 | 2,781,202,000 | ' | ' | |||
Other borrowed funds | 2,984,331,000 | ' | 2,693,788,000 | 4,034,685,000 | ' | ' | |||
Subordinated debentures | 344,717,000 | ' | 344,783,000 | 345,201,000 | ' | ' | |||
Derivative contracts net of cash margin, liabilities | 297,851,000 | ' | 247,185,000 | 521,991,000 | ' | ' | |||
Estimate of Fair Value, Fair Value Disclosure [Member] | Commercial [Member] | ' | ' | ' | ' | ' | ' | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' | ' | |||
Loans | 8,244,031,000 | ' | 7,835,325,000 | 7,638,327,000 | ' | ' | |||
Estimate of Fair Value, Fair Value Disclosure [Member] | Commercial Real Estate [Member] | ' | ' | ' | ' | ' | ' | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' | ' | |||
Loans | 2,635,903,000 | ' | 2,394,443,000 | 2,288,188,000 | ' | ' | |||
Estimate of Fair Value, Fair Value Disclosure [Member] | Residential Mortgage [Member] | ' | ' | ' | ' | ' | ' | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' | ' | |||
Loans | 2,043,551,000 | ' | 2,068,690,000 | 2,038,375,000 | ' | ' | |||
Estimate of Fair Value, Fair Value Disclosure [Member] | Consumer [Member] | ' | ' | ' | ' | ' | ' | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' | ' | |||
Loans | 39,038,000 | ' | 375,962,000 | 369,375,000 | ' | ' | |||
Estimate of Fair Value, Fair Value Disclosure [Member] | U.S. Government agency debentures [Member] | ' | ' | ' | ' | ' | ' | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' | ' | |||
Trading securities | 19,027,000 | ' | 34,120,000 | 60,713,000 | ' | ' | |||
Estimate of Fair Value, Fair Value Disclosure [Member] | U.S. agency residential mortgage-backed securities [Member] | ' | ' | ' | ' | ' | ' | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' | ' | |||
Trading securities | 13,540,000 | ' | 21,011,000 | 43,858,000 | ' | ' | |||
Investment securities | 44,176,000 | ' | 51,864,000 | 66,796,000 | ' | ' | |||
Available for sale securities | 7,259,504,000 | ' | 7,716,010,000 | 8,372,795,000 | ' | ' | |||
Fair value option securities | 181,205,000 | ' | 157,431,000 | 203,816,000 | ' | ' | |||
Estimate of Fair Value, Fair Value Disclosure [Member] | Municipal and other tax-exempt securities [Member] | ' | ' | ' | ' | ' | ' | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' | ' | |||
Trading securities | 32,950,000 | ' | 27,350,000 | 53,819,000 | ' | ' | |||
Investment securities | 429,051,000 | ' | 439,870,000 | 371,690,000 | ' | ' | |||
Available for sale securities | 64,970,000 | ' | 73,775,000 | 95,103,000 | ' | ' | |||
Estimate of Fair Value, Fair Value Disclosure [Member] | Other trading securities [Member] | ' | ' | ' | ' | ' | ' | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' | ' | |||
Trading securities | 35,580,000 | ' | 9,135,000 | 32,201,000 | ' | ' | |||
Estimate of Fair Value, Fair Value Disclosure [Member] | U.S. Treasury [Member] | ' | ' | ' | ' | ' | ' | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' | ' | |||
Available for sale securities | 1,024,000 | ' | 1,042,000 | 1,060,000 | ' | ' | |||
Estimate of Fair Value, Fair Value Disclosure [Member] | Privately issued residential mortgage-backed securities [Member] | ' | ' | ' | ' | ' | ' | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' | ' | |||
Available for sale securities | 179,042,000 | ' | 221,099,000 | 297,175,000 | ' | ' | |||
Estimate of Fair Value, Fair Value Disclosure [Member] | Commercial mortgage-backed securities guaranteed by U.S. government agencies [Member] | ' | ' | ' | ' | ' | ' | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' | ' | |||
Available for sale securities | 2,115,295,000 | ' | 2,055,804,000 | 1,846,943,000 | ' | ' | |||
Estimate of Fair Value, Fair Value Disclosure [Member] | Other debt securities [Member] | ' | ' | ' | ' | ' | ' | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' | ' | |||
Investment securities | 197,584,000 | ' | 195,393,000 | 187,219,000 | ' | ' | |||
Available for sale securities | 34,528,000 | ' | 35,241,000 | 35,894,000 | ' | ' | |||
Fair value option securities | 4,469,000 | ' | 9,694,000 | 1,940,000 | ' | ' | |||
Estimate of Fair Value, Fair Value Disclosure [Member] | Perpetual preferred stock [Member] | ' | ' | ' | ' | ' | ' | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' | ' | |||
Available for sale securities | 24,730,000 | ' | 22,863,000 | 25,583,000 | ' | ' | |||
Estimate of Fair Value, Fair Value Disclosure [Member] | Equity securities and mutual funds [Member] | ' | ' | ' | ' | ' | ' | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' | ' | |||
Available for sale securities | 20,053,000 | ' | 21,328,000 | 23,521,000 | ' | ' | |||
Contractual Yield, Minimum [Member] | ' | ' | ' | ' | ' | ' | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' | ' | |||
Time deposits | 0.0003 | ' | 0.0001 | 0.0003 | ' | ' | |||
Other borrowed funds | 0.0025 | ' | 0.0025 | 0.0025 | ' | ' | |||
Subordinated debentures | 0.0091 | ' | 0.0095 | 0.0097 | ' | ' | |||
Contractual Yield, Minimum [Member] | Commercial [Member] | ' | ' | ' | ' | ' | ' | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' | ' | |||
Loans | 0.0016 | ' | 0.0004 | 0.0025 | ' | ' | |||
Contractual Yield, Minimum [Member] | Commercial Real Estate [Member] | ' | ' | ' | ' | ' | ' | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' | ' | |||
Loans | 0.0038 | ' | 0.0038 | 0.0038 | ' | ' | |||
Contractual Yield, Minimum [Member] | Residential Mortgage [Member] | ' | ' | ' | ' | ' | ' | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' | ' | |||
Loans | 0.012 | ' | 0.0038 | 0.0038 | ' | ' | |||
Contractual Yield, Minimum [Member] | Consumer [Member] | ' | ' | ' | ' | ' | ' | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' | ' | |||
Loans | 0.0038 | ' | 0.0038 | 0.0038 | ' | ' | |||
Contractual Yield, Maximum [Member] | ' | ' | ' | ' | ' | ' | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' | ' | |||
Time deposits | 0.0964 | ' | 0.0964 | 0.0964 | ' | ' | |||
Other borrowed funds | 0.068 | ' | 0.0478 | 0.0525 | ' | ' | |||
Subordinated debentures | 0.05 | ' | 0.05 | 0.05 | ' | ' | |||
Contractual Yield, Maximum [Member] | Commercial [Member] | ' | ' | ' | ' | ' | ' | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' | ' | |||
Loans | 0.3 | ' | 0.3 | 0.3 | ' | ' | |||
Contractual Yield, Maximum [Member] | Commercial Real Estate [Member] | ' | ' | ' | ' | ' | ' | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' | ' | |||
Loans | 0.18 | ' | 0.18 | 0.18 | ' | ' | |||
Contractual Yield, Maximum [Member] | Residential Mortgage [Member] | ' | ' | ' | ' | ' | ' | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' | ' | |||
Loans | 0.18 | ' | 0.18 | 0.18 | ' | ' | |||
Contractual Yield, Maximum [Member] | Consumer [Member] | ' | ' | ' | ' | ' | ' | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' | ' | |||
Loans | 0.21 | ' | 0.21 | 0.21 | ' | ' | |||
Average Repricing [Member] | ' | ' | ' | ' | ' | ' | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' | ' | |||
Time deposits | 2.07 | ' | 2.12 | 2.02 | ' | ' | |||
Other borrowed funds | 0 | ' | 0.03 | 0 | ' | ' | |||
Subordinated debentures | 2.16 | ' | 2.63 | 3.1 | ' | ' | |||
Average Repricing [Member] | Commercial [Member] | ' | ' | ' | ' | ' | ' | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' | ' | |||
Loans | 0.67 | ' | 0.49 | 0.63 | ' | ' | |||
Average Repricing [Member] | Commercial Real Estate [Member] | ' | ' | ' | ' | ' | ' | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' | ' | |||
Loans | 0.83 | ' | 0.78 | 0.83 | ' | ' | |||
Average Repricing [Member] | Residential Mortgage [Member] | ' | ' | ' | ' | ' | ' | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' | ' | |||
Loans | 2.49 | ' | 2.63 | 3.64 | ' | ' | |||
Average Repricing [Member] | Consumer [Member] | ' | ' | ' | ' | ' | ' | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' | ' | |||
Loans | 0.49 | ' | 0.55 | 0.35 | ' | ' | |||
Discount Rate, Minimum [Member] | ' | ' | ' | ' | ' | ' | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' | ' | |||
Time deposits | 0.0074 | ' | 0.0075 | 0.0076 | ' | ' | |||
Other borrowed funds | 0.0009 | ' | 0.0008 | 0.0007 | ' | ' | |||
Subordinated debentures | 0.022 | ' | 0.0222 | 0.0224 | ' | ' | |||
Discount Rate, Minimum [Member] | Commercial [Member] | ' | ' | ' | ' | ' | ' | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' | ' | |||
Loans | 0.0055 | ' | 0.0048 | 0.0059 | ' | ' | |||
Discount Rate, Minimum [Member] | Commercial Real Estate [Member] | ' | ' | ' | ' | ' | ' | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' | ' | |||
Loans | 0.0114 | ' | 0.0121 | 0.0123 | ' | ' | |||
Discount Rate, Minimum [Member] | Residential Mortgage [Member] | ' | ' | ' | ' | ' | ' | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' | ' | |||
Loans | 0.0055 | ' | 0.0059 | 0.007 | ' | ' | |||
Discount Rate, Minimum [Member] | Consumer [Member] | ' | ' | ' | ' | ' | ' | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' | ' | |||
Loans | 0.0107 | ' | 0.0122 | 0.0126 | ' | ' | |||
Discount Rate, Maximum [Member] | ' | ' | ' | ' | ' | ' | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' | ' | |||
Time deposits | 0.0129 | ' | 0.0133 | 0.013 | ' | ' | |||
Other borrowed funds | 0.0262 | ' | 0.0264 | 0.0266 | ' | ' | |||
Subordinated debentures | 0.022 | ' | 0.0222 | 0.0224 | ' | ' | |||
Discount Rate, Maximum [Member] | Commercial [Member] | ' | ' | ' | ' | ' | ' | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' | ' | |||
Loans | 0.0428 | ' | 0.0433 | 0.0419 | ' | ' | |||
Discount Rate, Maximum [Member] | Commercial Real Estate [Member] | ' | ' | ' | ' | ' | ' | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' | ' | |||
Loans | 0.0359 | ' | 0.0349 | 0.0347 | ' | ' | |||
Discount Rate, Maximum [Member] | Residential Mortgage [Member] | ' | ' | ' | ' | ' | ' | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' | ' | |||
Loans | 0.0418 | ' | 0.0473 | 0.0446 | ' | ' | |||
Discount Rate, Maximum [Member] | Consumer [Member] | ' | ' | ' | ' | ' | ' | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' | ' | |||
Loans | $0.04 | ' | $0.04 | $0.04 | ' | ' | |||
[1] | Carrying value includes $1.1 million of net unrealized gain which remains in Accumulated other comprehensive income (“AOCIâ€) in the Consolidated Balance Sheets related to certain securities transferred from the Available for Sale securities portfolio to the Investment securities portfolio as discussed in greater detail following. | ||||||||
[2] | Carrying value includes $1.8 million of net unrealized gain which remains in Accumulated other comprehensive income (“AOCIâ€) in the Consolidated Balance Sheets related to certain securities transferred from the Available for Sale securities portfolio to the Investment securities portfolio as discussed in greater detail following. | ||||||||
[3] | Carrying value includes $3.0 million of net unrealized gain which remains in Accumulated other comprehensive income (“AOCIâ€) in the Consolidated Balance Sheets related to certain securities transferred from the Available for Sale securities portfolio to the Investment securities portfolio as discussed in greater detail following. |
Federal_and_State_Income_Taxes2
Federal and State Income Taxes (Details) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Amount [Abstract] | ' | ' | ' | ' |
Federal statutory tax | $39,886 | $42,459 | $79,976 | $90,113 |
Tax exempt revenue | -2,099 | -1,803 | -4,090 | -3,545 |
Effect of state income taxes, net of federal benefit | 2,457 | 3,122 | 5,327 | 6,500 |
Utilization of tax credits | -2,836 | -1,826 | -5,466 | -3,548 |
Bank-owned life insurance | -784 | -993 | -1,552 | -1,878 |
Charitable contributions to BOKF Foundation | 0 | 0 | -427 | 0 |
Other, net | 606 | 464 | 963 | 877 |
Total | $37,230 | $41,423 | $74,731 | $88,519 |
Effective Income Tax Rate Reconciliation, Percent [Abstract] | ' | ' | ' | ' |
Federal statutory tax (in hundredths) | 35.00% | 35.00% | 35.00% | 35.00% |
Tax exempt revenue (in hundredths) | -2.00% | -1.00% | -2.00% | -1.00% |
Effect of state income taxes, net of federal benefit (in hundredths) | 3.00% | 3.00% | 3.00% | 2.00% |
Utilization of tax credits (in hundredths) | -2.00% | -2.00% | -2.00% | -1.00% |
Bank-owned life insurance (in hundredths) | -1.00% | -1.00% | -1.00% | -1.00% |
Charitable contribution to BOKF Foundation (in hundredths) | 0.00% | 0.00% | 0.00% | 0.00% |
Other, net (in hundredths) | 0.00% | 0.00% | 0.00% | 0.00% |
Total (in hundredths) | 33.00% | 34.00% | 33.00% | 34.00% |